MIRA INFORM REPORT

Report Date :

31.03.2011

IDENTIFICATION DETAILS

Name :	IDBI BANK LIMITED
Registered Office :	IDBI Tower, WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	27.09.2004
Com. Reg. No.:	148838
CIN No.: [Company Identification No.]	L65190MH2004GOI148838
Legal Form :	It is a Public Limited Liability Bank owned by the Government of India. Shares of the Bank are traded on the Stock Exchanges.
Line of Business :	Providing Banking Services

RATING & COMMENTS

MIRA’s Rating :

A (63)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed bank in private sector. The Bank is progressing very well. Payments are usually correct and as per commitments. The Bank can be considered good for any normal business dealings at usual trade terms and conditions. It can be considered as a promising business partner in medium to long – run.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INFORMATION DECLINED BY

Management Non Co-operative (Name not disclosed)

LOCATIONS

Head Office :	IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400 005, Maharashtra, India
Tel. No.:	91-22-22189111/ 66553355
Fax No.:	91-22-22181294 / 5179/8137
E-Mail :	pro@idbi.co.in sn.baheti@idbi.co.in corporate_office@idbi-bank.com

DIRECTORS

AS ON 22.07.2010

Name :	Mr. V. P. Shetty
Designation :	Director
Name :	Mr. O. V. Bundellu
Designation :	Director
Name :	Mr. Jitender Balakrishnan
Designation :	Director
Name :	Mr. Vinod Rai
Designation :	Director
Name :	Dr. Ajay Dua
Designation :	Director
Name :	Mr. Analjit Singh
Designation :	Director
Name :	Ms. Lila Firoz Poonawalla
Designation :	Director
Name :	Mr. R. V. Gupta
Designation :	Director
Name :	Mr. K. Narasimha Murthy
Designation :	Director
Name :	Mr. H. L. Zutshi
Designation :	Director
Name :	Mr. A. Sakthivel
Designation :	Director
Name :	Dr. D. Veerendra Heggade
Designation :	Director
Name :	Mr. Ajay Shanka
Designation :	Director
Name :	Mr. Arun Ramnathan
Designation :	Director
Name :	Mr. Yogesh Agarwal
Designation :	Director

KEY EXECUTIVES

Principal Officers:	Mr. Shri G. M. Ramamurthy
	Mr. J.K. Ray
	Mr. R. K. Kapoor
	Mr. B.P. Mandal
	Mr. V. K. Saxena
	Mr. Pradip Roy
	Mr. C.P. Philip
	Mr. B.P. Singh
	Dr.T.K. Mukhopadhyay
	Mr. B. Ravindranath
	Mr. A.V. Rammurty
	Mr. O.K. Kambale
	Mr. S.N. Baheti
	Mr. Siby Antony
	Mr. S. Andi
	Mr. Balkrishan Batra
	Mr. S. Ananthakrishnan
	Mr. M. Chittaranjan Kumar
	Mr. T. R. Bajalia
	Mr. R.C. Razdan
	Mr. R. K. Bansal
	Mr. L.P. Aggarwal
	Mr. Prakash V. Naik
	Mr. G.V. Nageswara Rao
	Mr. Susheel Narain Kak
	Mr. Rajan Ghotgalkar
	Mr. Sanjay Sharma
	Mr. U. Venkataraman
	Mr. R. Narasimhan
	Mr. Sunil Aggarwal
	Capt.T. Venugopal
	Mr. R. Damodaran
	Mr. Iswar C. Agasti
	Mr. Akhauri Rajesh Sinha

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.12.2010

Names of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Central Government / State Government(s)	641287110	65.14
(2) Foreign
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	5617304	0.57
Financial Institutions / Banks	68649587	6.97
Insurance Companies	67005851	6.81
Foreign Institutional Investors	52598272	5.34
Any Others (Specify)
State Finance Corporation	35680	--
(2) Non-Institutions
Bodies Corporate	32116965	3.26
Individuals
Individual shareholders holding nominal share capital up to Rs. 1 lakh	32116965	9.28
Individual shareholders holding nominal share capital in excess of Rs. 1 lakh	91347032	1.54
Any Others (Specify)
Shares in transit	2056558	0.21
Trusts	588043	0.06
Overseas Corporate Bodies	320	--
Hindu Undivided Families	2637204	0.27
Non Resident Indians	5353540	054
Societies	28960	--
Total	984530869	100.00

BUSINESS DETAILS

Line of Business :

Providing Banking Services

GENERAL INFORMATION

No. of Employees :	4548
Bankers :	Reserve Bank of India Central Office, NCOB, Shahid Bhagat Singh Road, Mumbai – 400 021, Maharashtra, India

Banking Relations :	Good
Auditors :
Name :	Suri and Company Chartered Accountants
Name :	Sorab S. Engineer and Company Chartered Accountants
Name :	Khimiji Kunwarji and Company Chartered Accountant
Name :	Suresh Chandra and Associates Chartered Accountant
Subsidiaries :	· IDBI Capital Market Services Limited · IDBI Homefinance Limited · IDBI Intech Limited · Small Industries Development Bank of India · IDBI Investment Management Company Limited

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
125,00,00,000	Equity Shares	Rs.10/- each	Rs.12500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
72,48,61,921	Equity Shares	Rs.10/- each	Rs. 7248.619 Millions

Note – 80 497 (17 590) equity shares allotted during the year against ESOPs exercised

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

PARTICULARS	31.03.2010	31.03.2009	31.03.2008
LIABILITIES
Capital	7248.619	7247.814	7247.638
Reserves & Surplus	94383.979	86973.577	80955.013
Employees’ stock options [grants] outstanding	15.828	17.259	17.010
Deposits	1676670.776	1124010.127	729979.846
Borrowings	477094.786	444170.390	386125.531
Other Liabilities and Provisions	80306.181	61604.043	102618.888
GRAND TOTAL	2335720.166	1724023.210	1306943.926
ASSETS
Cash & Balances with RBI	139034.708	85915.003	66948.348
Balances with Banks and money at Call & Short Notice	6793.646	26278.188	20639.371
Investments	733454.629	500475.963	328029.278
Advances	1382018.532	1034444.781	822126.886
Fixed Assets	29969.553	28241.098	27659.794
Other Assets	44449.098	48668.177	41540.249
GRAND TOTAL	2335720.166	1724023.210	1306943.926

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
Sales Turnover		152726.327	115451.218	80208.411
Other Income		22909.556	14764.291	16354.672
Total Income		175635.883	130215.509	96563.083
Net Profit for the period		10311.335	8585.389	7294.555
Profit / Loss for the period		-	-	13149.010
Expenditures :
	Interest	130052.169	103057.154	73644.133
	Operating Expenses	18314.254	13379.140	9587.824
	Provision and contingencies	16958.125	5193.826	6036.571
Total Expenditure		165324.548	121630.120	89268.528

QUARTERLY

PARTICULARS	30.06.2010	30.09.2010	31.12.2010
Type	1^st Quarter	2^nd Quarter	3^rd Quarter
Interest Earned	42889.800	45772.800	47123.300
Income on Investment	11345.500	11836.200	12089.600
Interest on Balances with Rbi other Inter Bank Funds	7.300	52.100	66.800
Interest/ Discount on advances/Bills	31528.200	33869.600	34889.000
Other	8.800	14.900	77.900
Other Income	4661.800	4921.100	4472.100
Total Income	47551.600	50693.900	51595.400
Interest Expended	34378.000	34092.400	35083.000
Operating Expenses	4662.000	6345.200	5167.100
Total Expenditure	4862.000	6345.200	5167.100
Operating Profit Before Provisions and Contingencies	8311.600	10256.300	11345.300
Provisions and contingencies	5017.700	4415.300	6519.500
Profit Before Tax	3293.900	5841.000	4825.800
Tax	785.000	1550.000	285.000
Profit After Tax	258.900	4291.000	4540.800
+/- Extraordinary Items	0.000	0.000	0.000
+/- Prior period items	0.000	0.000	0.000
Net Profit	2508.900	4291.000	4540.800

KEY RATIOS

PARTICULARS	31.03.2010	31.03.2009	31.03.2008
Credit Deposit Ratio	862.800	1001.400	124.35
Investment Deposit Ratio	440.600	446.900	50.26
Cash Deposit Ratio	80.300	82.500	10.40
Interest Expended/Interest Earned	851.500	892.600	91.82
Other Income/Total Income	133.000	119.200	18.16
Operating Expense/Total Income	106.900	108.600	10.96
Interest Income/Total Funds	75.900	77.100	6.95
Interest Expended /Total Funds	64.600	68.800	6.38
Net Interest Income/Total Funds	11.300	8.300	0.57
Non Interest Income/Total Funds	11.600	10.400	1.54
Operating Expense/Total Income	9.400	9.500	0.93
Profit Before Provisions/Total Funds	13.600	9.200	1.18
Net Profit/Total Funds	5.100	5.700	0.63
Return On Net Worth(%)	131.600	120.500	11.19

LOCAL AGENCY FURTHER INFORMATION

Sundry Creditors Details:

Sundry Creditors are not available

Profit and Appropriations:

With interest income of Rs.152726.000 millions and other income of Rs.229090.000 millions, gross income of the Bank increased to Rs.175635.000 millions during the financial year April 2009 - March 2010. Total expenditure of the Bank during FY 2009-10, excluding provisions and contingencies, came to Rs.148366.000 millions, consisting Rs.130052.000 millions of interest expenses and Rs.18314.000 millions of operational expenses. With the provision of Rs.9787.000 millions towards bad & doubtful debts and investments, Rs.5993.000 millions towards restructured assets, Rs.1042.000 millions towards incremental prudential provisions for standard assets, and Rs.136.000 millions towards tax, total provisions during the period amounted to Rs.16958.000 millions.

The Bank's working during the year resulted in a Profit Before Tax (PBT) of Rs.10447.000 millions. Considering a provision of Rs.3463.000 millions towards taxation and deferred tax creditof Rs.3327.000 millions, Profit After Tax (PAT) amounted to Rs.10311.000 millions.

Capital Adequacy:

The Bank is Basel-II compliant and therefore, computes its Capital to Risk-weighted Assets Ratio (CRAB) in adherence to norms prescribed by RBI in this regard. Credit Risk is computed using the Standardized Approach, Market Risk is arrived by using Duration Method of Standardized Approach and Operational Risk exposure is based on Basic

Indicator Approach. Against the stipulated RBI norm of 9% for total CRAR and 6% for core CRAB, the Bank's total CRAR worked out to 11.31% with Tier-I CRAR of 6.24% as at end-March 2010.

Business Strategy:

The Bank has followed a strategy of deepening and widening its existing relationships in the large corporate sector, while gradually widening its client base in the midcorporate sector. Simultaneously, special emphasis was laid on quick expansion of its base in the SME segment which has a large potential both for asset as well as liability relationships. Retail base would be steadily expanded commensurate with expansion in branch network and development of stable back office systems. Investment Banking continued to be a focus area which contributed significantly to growth in fee based income.

New Business Initiatives

A series of innovative steps were introduced during the financial year in line with Bank's strategy. The Bank began its overseas operations by opening its first foreign branch in Dubai. A dedicated Institutional Liability & Product Development team has been set up, presenting customized value added current account products, to bolster current account. Several new products were developed with added features, namely Salary Account with Overdraft Facility and Scheme for providing Subordinated Debt. Also existing products for lending to Commercial Real Estate Sector & NBFCs and Mibor Linked Loans have been modified to make them more competitive.

In line with its vision of being the global financial conglomerate, the Bank during the fiscal has floated a wholly owned Asset Management Company (AMC) to undertake Mutual Fund (MF) business. The AMC has already launched its first product 'IDBI Nifty Index Fund' during May 2010.

In order to explore value in financing infrastructure and develop associated synergy, the Bank proposes to float a subsidiary/JV to undertake private equity business. In this direction, the Bank has approached RBI for necessary approval.

During the financial year 2009-10, the Bank has opened a currency chest at Panchkula taking the total number of currency chest to five. The Bank is planning to set up some more Currency Chests in coming years commensurate with the expansion of branch network and growth of business.

The Bank opened its first Cash Processing Centre (CPC) at Mulund, Mumbai, during the financial year 2009-10, which is offering support to 63 branches located in and around Mumbai, by providing processed cash and ATM fit notes. The second CPC has been made operative at New Delhi since March 17, 2010. Encouraged by good client response for these two CPCs, the Bank is in the process of setting up few more CPCs during 2010-11.

The Bank's Centralized Operations received the coveted ISO 9001:2008 certificate of registration in July 2009. ISO 9001:2008 is an international quality management standard developed for companies to demonstrate their ability to provide services that meet statutory and regulatory requirements and implement a planned quality management system. The certification is only awarded to companies those ensure stringent regulations for quality management systems and demonstrate highly effective operational processes, commitment to continuous quality improvement and a focus on customer satisfaction. Being among the world's few companies and the only Centralized Operations in the country to receive the newly updated ISO 9001:2008 certification demonstrates IDBI Bank's robust systems and continued commitment to quality in the operations and back-office processes.

Organizational Structure:

The Bank is currently organized on the lines of 'customer focused vertical' model which was introduced in the previous year. The model has achieved significant success in enhancing customer relationship management, improving credit delivery and bringing sharper focus on profitable business.

The Bank opened 199 new branches, including Spec ia I17ed Corporate Branches during the financial year, taking the total number of domestic branches to 708 as on March 31, 2010. Of these, 210 are located in Metropolitan centres, 281 in urban centres, 144 in semi-urban centres and 73 in rural centres. Further, 30 existing branches have been relocated and another 40 branches have been renovated to bring them on par with look and feel of other branches of the Bank. The Bank has continued thrust on expanding branch network to support its strategy to build larger customer base, improved customer service and higher CASA contribution. In addition, the Bank has the plan of increasing the number of Specialized Corporate Branches and Loan Processing Centers in retail segments.

MANAGEMENT DISCUSSION AND ANALYSIS

Business Environment

Global Economic Scenario:

Global financial market remained insipid, beset with sporadic incidences of strains in some geographical corners. The year started with weak financial trends but gradually looked up with continued policy support. Extended and

strong fiscal stimulants, followed in many countries across the world, successfully eased downward pressure, thereby revived the economic forces. Interest rates were administered to reflect strong bias for a softer regime, so that the mismatch between the real and financial sector realigned to its balance, through centripetal spiral. Improved risk taking ability of financial and corporate world, firmed up consumption level to considerable extent. Regained strength in capital market augurs well for the emerging business environment. Capital movement remained smooth with preference to destinations with high potential and safety.

The beneficial impact of fiscal intervention enforced stabilization and enabled the recovery mechanisms to become stronger but sustained growth momentum is yet to be ascertained. The easy policy stance, however, jerked up prices and disturbed terms of trade across products and sectors. Fiscal imbalance, in many leading economies, widened indicating imperativeness to add strength to the exchequer through fiscal prudence. With broad base recovery and its momentum, fiscal imbalance is expected to narrow down.

Domestic Business Environment:

Domestic business environment, though displayed a gradual build up of dynamism during the year, reflected less than anticipated level of growth momentum. Delayed recovery and disturbed demand behaviour, restricted production level and therefore, discouraged fresh capacity creation. Inflation went out of psychological threshold level triggered by supply side constraint emerging out of monsoon failure and demand hooked measures like fiscal and monetary incentives. However, liquidity and interest rates were well managed with soft bias, yielding due support to the productive sectors. Rejuvenating policy realignment bestowed ample reasons and prospects to reverse the downside of the business cycle. Performance of corporate sector- improved gradually in sync with the elevation in business confidence index. Regained dynamism in the capital market restored the overall investment sentiment

REAL SECTOR:

Gross Domestic Product (GDP)

Performance of Indian Economy exhibited strong resilience to global downturn. Despite many deterrent factors Including errant monsoon and weak trade activities, the economy, as per the revised estimate of Central Statistical Organization (CSO), exhibited a growth of 7.4% during FY 2009-10. Sectoral composition of GDP reflects reduced share of agriculture and gaining space for industry and service sector. Monsoon failure and declined agricultural activities led to falling share of primary sector. Ascending domination of secondary and tertiary sectors reflects progressive stage of economy.

Investment & Industrial Scenario:

Gross domestic investment and savings, after reaching their respective peak points, cooled down due to uncertainty associated with global meltdown.

During the fiscal year 2009-10, Index of Industrial Production (IIP) recorded a growth of 10.4% with improved support from manufacturing sector i.e. by 10.9%. As per use-based classification, growth in IIP was largely driven by basic goods (7.1%), capital goods (19.2%), intermediate goods (13.6%) and consumer goods (7.4%).

The index of six infrastructure industries (accounting for a weightage of 26.7% in IIP) viz. electricity, crude oil, petroleum refinery products, coal, finished steel and cement witnessed a growth rate of 5.5% during 2009-10 as compared to 3.0% during 2008-09.

Foreign Exchange Reserves & Exchange Rates

As at March 31, 2010, India's foreign exchange reserves stood at USD 279.1 billion, which were higher by USD 27.1 billion compared to end-March 2009. During 2009-10, forex market remained placid due to weakened trade activities. Exchange rate for USD as at end-March 2010 stood at Rs.45.14 as compared to Rs.50.95 as at end March 2009.

Future Outlook:

Growth prospects of the domestic economy confirm much positivism and extend a broader and longer corridor to conduct business. Gradual upsurge in effective demand, emanating from domestic and overseas destinations, provides larger scope for renewed capacity expansion. Upward movements in capital market, strength of banks operating in India, domestic savings rate, foreign capital inflow and conducive policy framework provide enormous opportunities to scale up business. Inflationary pressure is rather high and in this regard the policy framers are suitably timing the required measures, so that the recovery momentum is not derailed. In fact, imminent broad base recovery path would extend preferred time in this direction. With the revival of business confidence index, strong policy thrust to develop infrastructure and effective measures to empower rural India, the growth momentum of the economy is expected to move up. Higher inflationary expectations, tighter monetary conditions, gradual withdrawal of fiscal stimulants coupled with repeat of poor monsoon may narrow down growth horizon.

Treasury Operations:

The Bank has an integrated Treasury at its Head Office covering various operations including Money Market, Fixed Income, Foreign Exchange, Derivatives and Equities trading operations for optimum management of funds and returns while providing a range of products to offer efficient customer service.

Liquidity management was undertaken efficiently and effectively during the year. The Bank used various instruments including Certificates of Deposits, inter bank borrowing, issuance of bonds, refinance from various

institutions, line of credit, bulk deposits and foreign currency borrowing to manage liquidity for balance sheet growth and maturity of liabilities.

The Bank has successfully built up SLR portfolio to statutory requirements of 25% of NDTL much before 30'' September 2009 as the forbearance ended on that date. The year witnessed sharp volatility in the bond market. Adverse market conditions, mainly on account of higher inflation and prospect of withdrawal in stimulus resulted in higher yields in the second half of the financial year. The benchmark 10-year G-Sec yield softened from a high of 7.02% at the start of April'09 to 6.11 % by end of April'09 and then rose to above 8.00% in the last quarter of FY 2009-10. The series of proactive measures taken by RBI in the beginning of the first half of the financial year to smoothly complete the large government borrowing resulted in fall in bond yields and provided a good opportunity to book profit on sale of investments in the first quarter of the FY 2009-10. Treasury subsequently utilized the high interest rate opportunity from July 2009 onwards to further build up its SLR portfolio by investing in Central and State Government securities at comparatively higher yields. The SLR portfolio, however, was also used sporadically to manage the short-term liquidity mismatches by borrowing in CBLO segment against G-Secs.

The year also witnessed increased volatility in USDINR with INR appreciating against USD by more than 10% and also against other major currencies. The INR appreciation reflected major growth in their economy and sharp recovery in the domestic stock markets due to positive FII inflows apart from the normal FDI flows. The USD initially depreciated against major currencies like Euro, GBP and CHF and thereafter started appreciating post November 2009.

The Bank provided various types of customized solutions to cater to customers for their foreign exchange requirements and hedging of their interest rate and exchange rate risk. The Bank's Treasury provided competitive rates for various requirements of corporate clients for their foreign exchange transactions, thereby ensuring a quantum jump in customer volumes as well as forex revenues. The Bank's Treasury has a full-fledged marketing team, which interacts constantly with the corporate clients and proactively provides them information on various currencies to enable them to effectively manage the volatilities in the currency markets.

In the derivative segment, the Bank offers currency and interest rate deriv,rtive products to clients to hedge their respective risks. Option structures also are offered as a hedge product to client. During the year, the Bank offered its customers to trade in Currency futures segment.

Un-audited Financial Results for the Quarter Ended 30.06.2010

(Rs. Millions)

		June 30, 2010
		(Reviewed)
1.	Interest earned (a)+(b)+(c)+(d)	428.898
	(a) Interest/discount on advances/bills	315.282
	(b) Income on investments	113.455
	(c) Interest on balances with Reserve Bank of India and other inter bank funds	7.300
	(d) Others	8.800
2	Other Income	46.618
3	Total Income (1+2)	475.516
4	Interest Expended	343.780
5	Operating Expenses (i)+(ii)+(iii)	48.620
	(i) Employees cost	23.357
	(ii) Other operating expenses	25.263
6	Total Expenditure ((4)+(5) excluding provisions and contingencies)	392.400
7	Operating profit before Provisions and Contingencies (3-6)	83.116
8	Provisions (other than tax)and Contingencies (Net)	50.177
9	Exceptional Items	-
10	Profit (+)/Loss(-) from Ordinary Activities before tax (7-8-9)	32.939
11	Tax expense	7.850
12	Net Profit (+) /Loss(-) for the period ((10-11))	25.089
13	Extraordinary items (net of tax expense)	-
14	Net Profit(+)/Loss(-) for the period((12-13))	25.089
15	Paid-up equity share capital (Face Value Rs.10)	72.489
16	Reserves excluding Revaluation Reserves (as per balance sheet of previous accounting year)	-
17	Analytical Ratios
	(i) Percentage of shares held by GOI	52.67
	(ii) Capital Adequacy Ratio (%)	11.86
	(iii) Earning Per Share (EPS) (Rupees)
	a) Basic (not annualized)	3.46
	b) Diluted (not annualized)	3.46
	(iv) NPA Ratios
	a) Amount of gross NPA	264.015
	Amount of net NPA	160.571
	b) % of gross NPAs	1.94
	% of net NPAs	1.19
	c) Return on assets (annualised)	0.45%
18	Public Shareholding
	No. of shares	343108704
	Percentage of Shareholding	47.33
19	Promoters and Promoter Group Shareholding
	Non-encumbered
	No. of Shares	381778000
	Percentage of shares (as a % of the total shareholding of the promoter and promoter group)	100.00
	Percentage of shares (as a % the total share capital of the company)	52.67

Segment Reporting for the quarter ended June 30, 2010

(Rs. Millions)

Sr. No.	Particulars	Quarter ended	Quarter ended	Year ended
		30.06.2010	30.06.2009	31.03.2010
		(Reviewed)	(Reviewed)	(Audited)
a.	Segment Revenue
	Corporate/Wholesale banking	454.288	436.780	1770.157
	Retail banking	247.472	183.332	814.328
	Treasury	3.411	3.242	18.518
	TOTAL	705.171	623.354	2603.003
	Less :- Inter-segment revenue	229.655	201.463	846.644
	Net sales / income from operations	475.516	421.891	1756.359
b.	Segment Results -Profit/(loss) before tax
	Corporate/Wholesale banking	26.324	12.544	76.190
	Retail banking	5.087	4.248	19.251
	Treasury	1.528	2.791	9.031
	TOTAL	32.939	19.583	104.472
	Less: Other unallocable expenditure net of Unallocable income	-	-	-
	Total profit before tax	32.939	19.583	104.472
	Income taxes	7.850	2.400	1.359
	Net profit	25.089	17.183	103.113
c.	Capital employed (Segment assets-Segment liabilities)
	Corporate/Wholesale banking	1882.986	1827.110	1599.709
	Retail banking	(477.879)	(1251.434)	(624.131)
	Treasury	(522.940)	147.450	(116.324)
	Other banking operations	(37.403)	35.406	(39.601)
	Total	844.764	758.532	819.653

Notes:

(i) The above results have been taken on record by the Board of Directors of the IDBI Bank Limited at its meeting held on July 22, 2010, and have been subjected to Limited Review by the statutory Auditors of the Bank.

.
(ii) The details of investor complaints are as follows:

Category of investors	Pending as on 1/4/2010	Received during the quarter	Disposed during the quarter	Unresolved as at 30.06.2010
Shareholders	5	228	227	6
Bondholders	711	8266	8962	15
Total	716	8494	9189	21

(iii) Bank has received a letter from Government of India proposing a capital infusion of around Rs. 31190.400 millions by way of preferential allotment of equity shares. The process of issuing the capital to Government of India has been initiated by the bank

(iv) Tax expenses is after set off of MAT credit of Rs. 488.200 millions available under section 115 JB of the income Tax Act, 1961

(iv)The figures of the previous accounting periods have been regrouped and adjusted wherever required.

PRESS RELEASE

Repayment of 11.50% IDBI SLR Bonds 2010 (58th1 Series)

Mumbai, September 14, 2010: It is hereby notified for general information of all concerned that the principal amount of the captioned bond series is repayable at par on October 23, 2010. Accordingly, interest on these bonds will accrue upto October 22, 2010. Book closure of the 58tu1 Series will be observed with effect from September 23, 2010 and hence request for transfer will be entertained upto that date.

Investors holding the bonds in the form of Promissory Notes (PNs) may tender the same duly discharged at the concerned branch of IDBI Bank Ltd. where they were last enfaced, by October 05, 2010 to facilitate repayment in time.

Bondholders, having investment in the form of ‘Entry-in-Account’ with IDBI Bank, should furnish a receipt in the prescribed form (Form XIV) for the principal amount, along with the relevant Certificate of Holding to Investor Services of India Ltd, (ISIL), IDBI Building, 2nd floor, ‘A’ Wing, Sector 11, Plot No.39, 40 & 41, CBD Belapur, Navi Mumbai 400 614 (Telephone No.022 2757 9636-40), by October 05, 2010, for obtaining the repayment in time.

In case the bonds are held in Demat form (ISIN: 1NE008A09216), bondholders need not furnish any document. The bonds will automatically be debited from the respective Client lD/DPID through NSDL/CDSL and redemption proceeds will be sent/remitted to the investors. Bondholders are requested to update their address and bank details, if necessary, with their Depository Participants.

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.77
UK Pound	1	Rs.71.69
Euro	1	Rs.63.02

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		63

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.