SyndicateBank

HEAD OFFICE, MANIPAL - 576 104, KARNATAKA

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2008
(Rs. in Lakhs)
Sl Particulars QUARTER ENDED YEAR ENDED Year ended
No 31.03.2008
31.03.2008 31.03.2007 31.03.2008 31.03.2007
(Audited)
(Audited) (Audited) (Audited) (Audited)
Consolidated

1 Interest earned (a+b+c+d) 213443 173664 790631 604007 790631

a) Interest/discount on advances/bills 156041 121186 571505 417992 571505
b) Income on investments 52343 45475 207199 170530 207199
c) Interest on balances with Reserve Bank of India 860 6966 5907 15205 5907
and other inter bank funds
d) others 4199 37 6020 280 6020

2 Other Income 24197 19376 89006 61848 89017

3 TOTAL INCOME (1+2) 237640 193040 879637 665855 879648

4 Interest Expended 157181 113298 583356 389002 583355

5 Operating Expenses (e+f) 34949 32385 149455 138597 149415

e) Employees cost 19852 18695 92892 89447 92935
f) Other operating expenses 15097 13690 56563 49150 56480

6 TOTAL EXPENDITURE (4+5) 192130 145683 732811 527599 732770

(Excluding Provisions and Contingencies)

7 OPERATING PROFIT (3-6) 45510 47357 146826 138256 146878

(Profit before Provisions and Contingencies)

8 Provisions (other than tax) and Contingencies 31274 36171 46354 65474 46355

9 Exceptional Items 0 0 0 0 0

10 Profit(+)/Loss(-) from ordinary activities before tax 14236 11186 100472 72782 100523
(7-8-9)

11 Tax expenses 1610 756 15666 1176 15683

12 Net Profit(+)/Loss(-) from ordinary activities after 12626 10430 84806 71606 84840
tax (10-11)

13 Extraordinary items (net of tax) 0 0 0 0 0

14 Net Profit(+)/Loss(-) for the period (12-13) 12626 10430 84806 71606 84840

15 Paid-up equity share capital 52197 52197 52197 52197 52197

(Face value of the share Rs. 10/- each)

16 Reserves excluding revaluation reserves 334320 266657 334320 266657 334359

17 Analytical Ratios
i) Percentage of share held by Govt. of India 66.47% 66.47% 66.47% 66.47% 66.47%
ii) Capital Adequacy Ratio 11.22% 11.74% 11.22% 11.74% 11.22%

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 SyndicateBank
HEAD OFFICE, MANIPAL - 576 104, KARNATAKA

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2008
(Rs. in Lakhs)
Sl Particulars QUARTER ENDED YEAR ENDED Year ended
No 31.03.2008
31.03.2008 31.03.2007 31.03.2008 31.03.2007
(Audited)
(Audited) (Audited) (Audited) (Audited)
Consolidated

iii) Earning per share (EPS) (Rs.)

(a) Basic and diluted EPS before Extraordinary 2.42 2.00 16.25 13.72 16.25
items (net of tax expense) for the period, for the
year to date and for the previous year (not to be
annualised)
(b) Basic and diluted EPS after Extraordinary items 2.42 2.00 16.25 13.72 16.25
for the period, for the year to date and for the
previous year (not to be annualised)
iv) NPA RATIO
(a) Gross NPA 176865 155681 176865 155981 176865
(b) Net NPA 62273 39101 62273 39101 62273
(c ) % of Gross NPAs 2.71% 2.95% 2.71% 2.95% 2.71%
(d) % of Net NPAs 0.97% 0.76% 0.97% 0.76% 0.97%
v) Return on Assets 0.52% 0.53% 0.88% 0.91% 0.88%

18 Public Shareholding
- No. of shares 17,50,00,000 17,50,00,000 17,50,00,000 17,50,00,000 17,50,00,000
- Percentage of share holding 33.53% 33.53% 33.53% 33.53% 33.53%

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 SyndicateBank
HEAD OFFICE, MANIPAL - 576 104, KARNATAKA

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2008

SEGMENT REPORTING
(Rs. in crores )
Year ended
Part-A Business Segments 31.03.2008
Audited

1 Segment Revenue
a) Corporate/ Wholesale Banking Operations 2198
b) Retail Banking Operations 4056
c) Treasury Operations 2418
d) Other Banking Operations 124
Total 8796
2 Segment Results
a) Corporate/ Wholesale Banking Operations -185
b) Retail Banking Operations 1459
c) Treasury Operations 122
d) Other Banking Operations 72
Total 1468
3 Unallocated expenses 0
4 Operating Profit 1468
5 Income Tax 152
6 Provisions & Contingencies 468
7 Extraordinary Profit/(Loss) 0
8 Net Profit 848
9 Segment Assets
a) Corporate/ Wholesale Banking Operations 37068
b) Retail Banking Operations 40412
c) Treasury Operations 28076
d) Other Banking Operations 806
e) Unallocated assets 770
Total Assets 107132
10 Segment Liabilities
a) Corporate/ Wholesale Banking Operations 32496
b) Retail Banking Operations 35431
c) Treasury Operations 34201
d) Other Banking Operations 712
e) Unallocated liabilities 4292
Total Liabilities 107132

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 SyndicateBank
HEAD OFFICE, MANIPAL - 576 104, KARNATAKA

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2008

SEGMENT REPORTING
1. The financial results for the year ended 31st March 2008 have been arrived at after considering
provision for NPAs/ Non-Performing Investments/ Standard Assets, Taxation, Pension/Gratuity/
Encashment of Leave, Depreciation on fixed asets and other necessary provisions.

2. There is no material change in the Accounting Policies adopted during the period ended 31st
March,2008, as compared to those followed in the immediate preceding financial year 2007-08
except the Bank opting to recognise the transitional liability towards the Retirement Benefits to
Employees as per the provisions of Accounting Standard 15 (Revised) issued by the Institute of
Chartered Accountants of India equally over a period of five years.

3. All mandatory Accounting Standards relevant for the financial results attached to the extent
applicable have been adopted.

4 Reconciliation of entries outstanding as on 31/03/2008 in inter bank/ inter branch and other accounts
is in progress and in the opinion of the Management, consequential impact thereof on revenue/
assets/ liabilities is not material

5 Consolidated financial results include one subsidiary of the Bank, namely Syndbank Services Ltd.

6 Figures of previous period/ year have been reclassified / regrouped wherever necessary.

7 The above results have been approved by the Board of Directors at its meeting held on 14.05.2008.

8 The Board of Directors have recommended a final dividend of 13% for the year and with this total
dividend works out to 28%.

9 Total number of shareholder complaints pending at the beginning of the quarter was Nil, complaints
received during the quarter was 582, resolved during the quarter was 582 and complaints pending
at the end of the quarter was Nil.

GEORGE JOSEPH
EXECUTIVE DIRECTOR
Place: Bangalore
Date: 14.05.2008

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