BALANCE SHEET AS AT December31, 2010

    Rs in Crores

  31-Dec-10 31-Dec-09

FUNDS EMPLOYED

SHAREHOLDERS' FUNDS    

Share Capital                292.87               285.85

Reserves and Surplus          17,516.44          15,090.60

           17,809.31          15,376.45

LOAN FUNDS

Term Loans          37,519.12          27,054.03

Bonds, Debentures, FCCB and Commercial Paper          44,390.55          40,150.81

Deposits          25,908.74          21,978.72

         107,818.41          89,183.56

         125,627.72        104,560.01

APPLICATION OF FUNDS

LOANS*    

Individuals          81,780.66          65,793.26

Corporate Bodies          37,331.78          31,586.30

Others            1,570.08            1,548.87

         120,682.52          98,928.43

Less: Loans securitised - on which spread is earned over the life of the loan          11,631.31            8,518.40

         109,051.21          90,410.03

INVESTMENTS          14,567.10          14,179.12

DEFERRED TAX ASSET               436.93               228.51

CURRENT ASSETS, LOANS AND ADVANCES            6,339.84            3,676.96

Less :  CURRENT LIABILITIES AND PROVISIONS            5,000.28            4,135.20

             1,339.56             (458.24)

FIXED ASSETS               232.92               200.59

         125,627.72        104,560.01

1 Crore = 10 Million    
  31-Dec-10 31-Dec-09

 *Loans sold during the last 12 months                  5,387                 7,724

Top | Close window

PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED DECEMBER 31, 2010

   Rs in crores  Rs in crores 

   2010-11   2009-10 

Income from Operations                 8,852.63      8,282.00

Interest and Other Charges                 5,429.98    5,503.54

NET INTEREST INCOME                 3,422.65      2,778.46

Add

Profit on Sale of Investments                    226.17 163.98

Other Income    14.41         15.53

  240.58 179.51

Less Non Interest Expenses

Staff Expenses                    137.16      114.25

Establishment Expenses                      37.25   35.73

Other Expenses                    116.84    102.96

Depreciation                      13.97    12.92

Provision for Contingencies                      45.00    42.00

                     350.22   307.86

PROFIT BEFORE TAX                 3,313.01   2,650.11

Less: Provision for Tax (net of Deferred Tax)                    920.00 750.00

PROFIT AFTER TAX                 2,393.01   1,900.11

1 Crore = 10 Million    

Top | Close window

OPERATIONAL HIGHLIGHTS
   Rs in crores  Rs in crores 

   2010-11   2009-10 

Book Value per Share (Rs)                    122       108

Adjusted Book Value per share (adjusted for unrealised gains on listed
                   270    207
investments)

Earnings Per Share (Rs)*#    

Basic 16.42      13.31

Diluted 16.07                          12.92

Capital adequacy ratio  14.1% 14.8%

      of which Tier I 13.0% 13.3%

                     Tier II 1.1% 1.5%

Spread on Loans 2.33% 2.25%

Non performing loans (90 days overdue) 0.85% 0.94%

Non performing loans (six months overdue) 0.54% 0.60%

Provision for Contingencies            1,093.15 684.17

1 Crore = 10 Million    

*The face value of the equity shares of the Corporation was sub-divided to Rs. 2 per equity share

from Rs. 10 per equity share w.e.f. August 21, 2010. Previous year figures have been adjusted to reflect

the revised face value.     

# Pertains to nine months    

Top | Close window

SCHEDULE

   Rs in Crores   Rs in Crores 

   2010-11   2009-10 

INCOME FROM OPERATIONS

Interest on Loans                7,968.27    7,404.51

Other Interest     406.08 358.38

Surplus from deployment in Cash Management Schemes of Mutual Funds                   149.30   146.83
Dividend Income                   167.75       189.56

Fees and Other Charges                   141.81   159.24

Other Operating Income                     19.42      23.48

                 8,852.63    8,282.00

INTEREST AND OTHER CHARGES

INTEREST    

Loans                1,644.11 1,547.97

Deposits                1,523.64 1,354.56

Bonds and Debentures                 2,214.55 2,533.00

                 5,382.30 5,435.53

OTHER CHARGES                    47.68    68.01

                 5,429.98 5,503.54

INVESTMENTS

Equity Shares - Subsidiaries & Associate Companies                7,817.54                 7,549.58

Equity Shares - Other Companies                   880.58 861.61

Convertible Preference Shares                     63.15    70.82

Preference Shares                       5.99       7.49

Convertible Debentures                     27.00       32.88

Debentures and Bonds                   197.65    97.65

Pass Through Certificates and Security Receipts                     83.40     92.80

Commercial Paper                   416.41          -  

Properties                   160.23 159.82

Government Securities                1,227.92 1,117.10

Liquid Funds                2,769.53 3,287.37

Mutual Funds and Other Funds                   976.78  957.45

               14,626.18 14,234.57

Less: Provision for Diminution in Value of Investments                      59.08   55.45

               14,567.10 14,179.12

Unrealised gains on listed investments including HDFC Investments Limited              21,698.82 14,185.22
Balance Sheet | Profit & Loss | Operational Highlights | Schedule
Top | Close window

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2010

  Rs in crores

  2009-10 2008-09

INCOME    

Income from Operations 11,128.88 10,971.42

Profit on Sale of investments 209.40 2 3.37

Other Income 22.55 22.87

  11,360.83 11,017.66

EXPENDITURE AND CHARGES    

Interest and Other Charges 7,063.08 7,432.45

Staff Expenses 146.65 138.61

Establishment Expenses 4 1.36 35.96

Other Expenses 117.55 124.14

Depreciation and Amortisation 18.20 17.46

Provision for Contingencies 58.00 50.00

  7,444.84 7,798.62

Profit Before Tax 3,915.99 3,219.04

Less : Provision for Tax 1 ,089.50 934.00

Less : Provision for Fringe Benefit Tax - 2.50

PROFIT AFTER TAX AVAILABLE FOR APPROPRIATION 2,826.49 2,282.54

APPROPRIATIONS    

Special Reserve 500.00 400.00

Additional Reserve (u/s 29C of the NHB Act) 432.00 342.00

General Reserve 695.01 553.04

Shelter Assistance Reserve 9.00 7.00

Additional Tax on Proposed Dividend 171.67 140.69

Additional Tax on Dividend 2007-08 Credit taken (15.16) (14.05)

Dividend pertaining to Previous Year paid during the year 0.37 0.50

  2,826.49 2 ,282.54

1 Crore = 10 Million    

Top | Close window

OPERATIONAL HIGHLIGHTS

   Rs in crores

  2009-10 2008-09

Loan Approvals    

Current Year 60,611 49,166

Cumulative 298,061 237,450

Loan Disbursements    

Current Year 50,413 39,650

Cumulative 242,219 191,806

Portfolio    

Loans Outstanding 97,966.99 85,198.11

Debentures and Corporate Deposits for financing Real Estate Projects 631.75 1,106.30

  98,598.74 86,304.41

Spread on Loans 2.31% 2.21%

Proposed dividend per share (Rs) 36 30

Book Value per Share (Rs) 529 462

Adjusted Book Value (adjusted for unrealised gain on investments) 1,110 692

Earnings per Share - Basic (Rs) 98.80 80.10

Earnings per Share - Diluted(Rs) 95.92 78.72

Return on Equity (on closing balance excluding exceptional items) 20.0% 17.4%

Capital adequacy ratio 14.6% 15.1%

   of which Tier I 12.8% 13.2%

   of which Tier II 1.8% 1.9%

Non performing loans 0.79% 0.81%

Non performing loans (six months overdue) 0.53% 0.56%

Write offs (Rs in crores) 16.38 10.15

Provision for contingencies 655.57 621.53

1 Crore = 10 Million    

Top | Close window

SCHEDULE

    Rs in Crores

  2009-10 2008-09

INCOME FROM OPERATIONS    

Interest on Loans 9,978.99 9,931.04

Other Interest 471.59 555.23

Surplus from Deployment in Cash Management Schemes of Mutual Funds 189.84 157.97

Dividend Income 232.71 195.66

Fees and Other Charges 231.66 114.94

Other Operating Income 24.09 16.58

INTEREST AND OTHER CHARGES    

INTEREST    

Loans 1,997.21 2,331.64

Deposits 1,784.13 1,470.80

Bonds and Debentures 3,203.41 3,570.40

  6,984.75 7,372.84

OTHER CHARGES 78.33 59.61

  7,063.08 7,432.45

INVESTMENTS    

Equity Shares - Subsidiaries & Associate Companies 7,669.55 3,768.76

Equity Shares - Other Companies 848.99 983.76

Convertible Preference Shares 71.32 63.68

Preference Shares 5.99 20.25

Convertible Debentures 32.97 10.00

Debentures and Bonds 97.65 387.91

Pass Through Certificates and Security Receipts 89.22 104.92

Properties 153.79 183.06

Government Securities 1,139.48 652.47

Liquid Funds - 3,658.54

Mutual Funds and Other Funds 654.90 720.73

  10,763.86 10,554.08

Less Provision for Diminution in Value of Investments 36.41 85.33

  10,727.45 10,468.75
     

Unrealised gains on listed investments including HDFC Investments Limited 16,667.69 10,236.00

1 Crore = 10 Million