PRESS RELEASE

NET PROFIT FOR THE QUARTER AT RS. 354.70 CRORE CRAR AT 13.64 %

RETURN ON ASSETS (ROA) AT 0.88 % COST TO INCOME RATIO AT 40.29 %

NET INTEREST MARGIN AT 2.94 %

Amt.

(YoY Growth)

Business Mix

Rs. 2,43,000 crore

(16.07 %)

Deposits

Rs. 1,45,000 crore

(17.47 %)

Advances

Rs. 98,000 crore

(14.07 %)

Customer Base More than 1.62 crore

Performance Highlights for the First Quarter of FY 2011-12

CASA Deposits increased by 12.65% (YoY).

Increase of 135 bps in Yield on Advances to 11.38 % as on 30th June,2011 from 10.03% as on 30th June, 2010.

Non Interest Income increased by 50.81% (YoY).

Capital adequacy Ratio (Basel II) at 13.64 %.

Earnings per share at Rs.48.64 (annualized).

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PROFIT

Net Profit of the Bank recorded a modest YoY decline of 2.37% and stood at Rs. 354.70 crore for Q1 of FY 2011-12 as compared to a profit of Rs. 363.32 crore for Q1 of FY-2010-11.

Operating Profit of the Bank also recorded a modest YoY decline of 2.55% and stood at Rs.801.37 crore for Q1 of FY 2011-12 as compared to a profit of Rs. 822.32 crore for Q1 of FY-2010-11.

BUSINESS

Total Business of the Bank increased to Rs. 2,42,770 crore as on 30th June,2011 from Rs. 2,09,156 crore as on 30th June,2010, registering a YoY growth of 16.07 %.

Total Deposits increased to Rs. 1,44,554 crore as on 30th June,2011 from

Rs. 1,23,057 crore as on 30th June,2010, registering a YoY growth of 17.47 %.

Advances of the Bank increased to Rs. 98,216 crore as on 30th June,2011 from

Rs.86,098 crore as on 30th June,2010, registering a YoY growth of 14.07%.

CASA Deposit increased by Rs. 3791 crore to Rs. 33,755 crore from Rs. 29,964 crore registering a growth of 12.65 % (YoY).

CASA Deposits to Total Deposits at 23.35 %.

Credit Deposit Ratio at 68.03%.

INCOME

Total income during Q1 of FY 2011-12 increased by 28.72 % to Rs. 3920 crore from Rs.3046 crore in Q1 of FY 2010-11 due to healthy growth of 27.05 % in Interest Income which reached Rs. 3597 crore.

Non Interest Income during Q1 of FY 2011-12 increased by 50.81 % to Rs. 324 crore from Rs.215 crore in Q1 of FY 2010-11 due to healthy growth in Income from Treasury at Rs.72 crore as against Rs. 17 crore in June,2010.

Bank earned Net Interest income of Rs.1018 crore during Q1 of FY 2011-12.

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IMPORTANT RATIOS

Gross NPA ratio is at 2.07% as at 30th June,2011 and Net NPA ratio is at 1.09 %.

Provision Coverage Ratio at 75.08% which was well above stipulated 70%.

Net Interest Margin (NIM) stands at 2.94%.

Return on Assets (RoA) stands at 0.88%.

Cost of Deposit is at 7.19 % for Q1 of FY-2011-12.

Yield on Advances for Q1 of FY-2011-12 is 11.38%.

Cost to income ratio is at 40.29%.

Earnings per Share for Q1 of FY-2011-12 is at Rs. 48.64 (annualized).

Book Value Per Share improved to Rs. 337.93 as on 30th June, 2011as against

Rs. 303.58 as on 30th June,2010.

CRAR of the Bank is strong at 13.64 % under BASEL-II (Tier-I Capital: 10.77%; Tier ?II Capital: 2.87 %).

Business per Branch increased to Rs. 147.67 crore from Rs. 137.06 crore

registering a growth of 7.74 % (YoY).

Business per Employee increased to Rs. 14.73 crore from Rs. 13.37 crore

registering a growth of 10.18% (YoY).

DELIVERY CHANNELS

Bank?s branch network stood at 1644 Branches with 23 extension counters.

23 Branches have been opened by the Bank during Q1 of FY-2011-12.

Bank has a Branch Expansion Plan of 173 Branches for FY-2011-12.

Installed 31 ATMs during Q1 of FY-2011-12 for our 27.50 lac card holders. The total number of ATMs as on 30th June?11 stood at 1223 (including 6 Mobile ATMs,

322 offsite ATMs and 3 Biometric ATMs).

More than 3.73 lac internet banking users and 14.35 lac customers availing SMS

facility.

81% of eligible cash transactions are happening through ATMs.

Bank is offering RTGS and NEFT through all Service Outlets.

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RETAIL CREDIT

Retail loans (excluding Indirect Housing) at Rs. 8743 crore constituted 8.90% of

Total Advances and grew by 26.80 % on YoY basis.

o Education loan Portfolio grew by 12.57 % (YoY) to reach Rs. 1120 crore as on 30th June,2011 from Rs. 994 crore as on 30th June,2010.

o Vehicle Loan Portfolio grew by 30.37 % (YoY) to reach Rs. 952 crore as on 30th June,2011 from Rs.730 crore as on 30th June,2010.

o Direct Housing loan portfolio grew by 15.46%(YoY) to reach Rs. 4592 crore as on 30th June,2011 from Rs.3977 crore as on 30th June,2010.

PRIORITY SECTOR

PS Advances grew by 31.06% (YoY) to Rs. 36,469 crore as on 30th June,2011 from Rs.27827 crore as on 30th June,2010.

o Agricultural advances grew by 36.54 %(YoY) to Rs. 13,412 crore as on

30th June?11 from Rs.9823 crore as on 30th June,2010.

o Bank issued 26,802 Kisan Credit Cards (KCCs) during the Quarter ended

30th June, 2011 with an amount of Rs. 541 crore. Total number of KCCs as on 30th June,2011 were 3,68,370 KCCs with an amount of Rs.6218 crore.

MICRO,SMALL & MEDIUM ENTERPRISES

Number of MSE (Micro & Small Enterprises) Accounts increased to 1,69,137 from

1,58,805 and Bank?s Fund Based exposure under MSE to Rs. 15,886 crore from

Rs. 10,897 crore thereby registering a growth of Rs. 4989 crore and an increase of

45.78 % (YoY).

Number of MSME (Micro, Small & Medium Enterprises) Accounts increased to

1,70,142 from 1,59,807 and Bank?s Fund Based exposure under MSME to Rs. 17,716 crore from Rs. 12,365 crore thereby registering a growth of Rs. 5351 crore and an increase of 43.27 % (YoY).

During Q1 of FY 2011-12, 7626 MSE Accounts with an amount of Rs. 867 crore &

7679 MSME accounts with an amount of Rs. 941 crore were opened.

17 MSME Specialised Branches and 45 MSME focused Branches were functional as on 30th June?11.

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FINANCIAL INCLUSION

2,13,408 NO FRILLS Accounts were opened during Q1 of FY 2011-12 taking the total number of NO FRILLS Accounts to 17,81,471 as on 30th June,2011 with an outstanding balance of Rs.360 crore .

574 villages have been allotted to the Bank with population of more than 2000, out of them 306 villages (300 Villages through BC Model & 6 Villages through Branch Model) have been covered as on 30th June, 2011.Rest of the villages shall be covered during the FY 2011-12.

Enrolment of customers have started in 306 covered villages and 1,11,674

Households have been enrolled up to 30th June, 2011. 62,314 Biometric Cards

have been issued and 33,332 transactions made up to 30th June,2011.

INSURANCE JOINT VENTURE

During the Quarter ended 30th June,2011, the Bank marketed 3479 policies with first premium collection aggregating Rs. 15.17 crore and earned a Gross Commission of Rs. 4.08 crore.

HR INITIATIVES

During the quarter, Bank recruited 75 personnel including 17 Officers.

Bank plans to recruit 500 Probationary Officers, 1750 Clerks and 522 Specialist

Officers in various streams during the next three quarters of FY-2011-12.

NEW INITIATIVES

The Bank pioneered a unique Term Deposit Scheme called ?VARISHTH SAMMAN? w.e.f. 5th April,2011 for prospective senior citizens in the 50 plus Age Group. It is a First such Scheme floated in Banking Industry which gives Long Term Interest Advantage to Prospective Senior Citizens. As on today, 5 to 10 year Tenor Deposit under this scheme carries an attractive interest rate of 9.50% p.a. which automatically increases to 10% p.a. on the depositor attaining 60 years of age. Bank

shall not levy any penalty on foreclosure of VARISHTH SAMMAN Deposit.

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The Bank has signed a MoU with Experian Credit Information Company of India Pvt Ltd. which is one of the leading Credit Bureaus globally. Bank is already availing the services of CIBIL as well as Equifax Credit Information Services for credit information.

Deposit Mobilisation Campaign launched from 11.07.2011 to 06.08.2011 with special focus on CASA, Varishth Samman Term Deposits and Aadhaar Scheme i.e. Variable Progressive Term Deposit Scheme.

Loan Syndication Cell to cater to SME and Mid Corporate.

IT INITIATIVES

1. Launch of Income Tax Payment Facility through ATMs.

2. Introduction of Tracker-id for e-Commerce transactions through Net- Banking.

3. SMS Alert registration through ATMs.

4. Request for change in Mobile Number for SMS Alert Services through

ATMs.

5. POS Limit enrolment through ATMs.

6. POS Limit discontinuation through ATMs.

7. Implemented SMS alerts, in compliance of RBI guidelines with respect to putting the system of online alerts for all types of transactions irrespective of the amount, involving usage of Debit cards at various channels.

AWARDS & ACCOLADES DURING THE QUARTER ENDED JUNE,2011

Bank has recently received Second prize in 'A' region under Reserve Bank

Rajbhasha Shield Competition 2009-10 for Public Sector Banks / Financial

Institutions for its good performance in the field of Rajbhasha Hindi.

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CSR INITIATIVES

As a part of its Corporate Social Responsibility, the Bank has set up a Trust in the name of ?OBC Rural Development Trust? on 09.12.2005 for setting up of Rural Self Employment Training Institutes (RSETIs). The Trust has set up Institutes in four Districts, viz., Jaipur, Sriganganagar, Ferozepur and Dehradun. Since inception, a total of 627 training programmes have been conducted benefiting

21,689 candidates. During the First Quarter of Financial Year 2011-12, 39 training programmes have been conducted benefiting 1103 candidates.

The Bank has opened 4 Financial Literacy & Credit Counselling (FLCC) Centres in Karnal and Palwal districts of Haryana, Sriganganagar in Rajasthan & Ferozpur in Punjab. A total of 1148 persons were counselled in these FLCCs, out of which 63 cases were referred for debt restructuring.

A Project for extending social welfare schemes such as NREGA, Pension, etc. has been launched in 5 Districts viz. Sriganganagar in Rajasthan, Amritsar, Gurdaspur and Muktsar in Punjab and Jind in Haryana. A total number of

2,52,065 smart cards have been issued and activated up to 30th June,2011.

Place : New Delhi

Date : 25.07.2011

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