Bank of Rajasthan (Delisted) share price

BSE: 500019

Bank of Rajasthan Ltd. · Face value ₹10

Last traded ₹212.10 on 23 Aug 2010

Delisted on 24 Sep 2010.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Aug 2010
- 16 Aug · Suspension of trading in equity shares
  Members of the Exchange are hereby informed that the trading in equity shares of The Bank of Rajasthan Limited shall be suspended w.e.f. August 24, 2010 (i.e. closing hours of trading on August 23, 2010) on account of Scheme of Amalgamation with ICICI Bank Limited.
- 14 Aug · Corporate action
  August 25, 2010 has been fixed as the Record Date for the purpose of ascertaining the shareholders of The Bank of Rajasthan who shall be entitled to the shares of ICICI Bank Limited in the ratio of 25 equity shares of Rs. 10/- each of ICICI Bank Limited for every 118 equity shares of Rs. 10/- each held by them in The Bank of Rajasthan Limited. Further, ICICI Bank Limited has informed the Exchange that "RBI vide their letter number DBOD.No.PSBD.2603/16.01.128/2010-11 dated August 12, 2010 have conveyed that in case of dissenting shareholders of ICICI Bank Limited, they may be paid at the rate of Rs. 885.28 per share and in case of dissenting shareholders of Bank of Rajasthan Limited, they may be paid at the rate of Rs. 154.50 per share." Further, ICICI Bank Limited has submitted to the Exchange a copy of Note on Scheme of Amalgamation of Bank of Rajasthan with ICICI Bank Limited.
- 14 Aug · Business
  It has fixed the Record Date on August 25, 2010 for the purpose of ascertaining the shareholders of The Bank of Rajasthan Ltd who shall be entitled ....
- 13 Aug · Business
  Reserve Bank of India vide their Order dated August 12, 2010 has approved the scheme of amalgamation under the provisions of section 44A of the Banking Regulation Act, 1949 : (1) The effective date of amalgamation is close of business hours on August 12, 2010; (2) The RBI has fixed Rs. 154.50 per share as the price for the dissenting shareholders of Bank of Rajasthan Ltd.; (3) Pursuant to the order of amalgamation from RBI, Shri G. Padmanabhan, Managing Director & C.E.O. appointed by RBI with effect from November 20, 2009, has stepped down from August 13, 2010.
- 13 Aug · Business
  Reserve Bank of India vide their Order dated August 12, 2010 has approved the scheme of amalgamation under the provisions of section 44A ....
- 13 Aug · Board meeting
  Pursuant to the approval letter given by Reserve Bank of India to the merger of Bank of Rajasthan Ltd. with ICICI Bank Ltd., under the provisions ....

Results for the quarter to Mar 2010

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Total income: ₹362 Cr−4.8% on a year ago · −3.1% on the quarter before
Net profit: −₹92 Cr
Net interest income: ₹104 Cr
Profit before provisions: −₹61 Cr

From interest earned to net profit, ₹ crore

Interest earned333
Interest paid−229
Net interest income104
Other income+30
Operating expenses−195
Before provisions−61
Set aside for bad loans−69
Profit before tax−131
Tax+39
Net profit−92

Bank of Rajasthan results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2010. Results for the quarter to Jun 2010 were due by 14 Aug 2010, 45 days after it ends. Every company's dates are on the results calendar.

Total income and net profit by quarter, ₹ crore

Total income
Net profit
Loss

Net interest income and money set aside for bad loans by quarter, ₹ crore

Net interest income
Set aside for bad loans
Loss

₹ crore	Sep 2007	Dec 2007	Mar 2008	Jun 2008	Sep 2008	Dec 2008	Mar 2009	Jun 2009	Sep 2009	Dec 2009	Mar 2010
Total income	278	309	315	341	365	420	381	379	374	374	362
	251	262	287	320	341	373	351	343	341	345	333
On loans	149	160	173	201	232	250	234	232	229	226	219
On investments	66	71	81	89	86	99	100	98	108	114	111
On balances with the RBI and other banks	36	30	32	29	22	20	16	12	4	4	3
Other interest	1	2	1	0	0	4	1	0	0	0	0
Interest paid	182	185	202	234	236	261	268	270	270	255	229
Net interest income	69	78	85	86	104	112	83	72	70	90	104
Other income	27	47	28	22	25	47	30	37	34	29	30
	67	67	73	66	71	83	95	75	75	148	195
Employee costs	41	43	49	43	44	57	65	49	47	120	166
Other operating expenses	25	24	24	23	27	26	30	26	29	27	29
Profit before provisions	29	58	41	41	59	76	18	34	29	−29	−61
Set aside for bad loans	−5	−2	6	4	2	2	13	10	0	38	69
Profit before tax	34	60	34	38	57	74	4	23	29	−67	−131
Tax	10	18	16	7	22	25	1	6	11	−22	−39
Net profit	24	42	19	31	35	49	3	17	18	−45	−92

Earnings per share in rupees, restated for later splits and bonuses.

Figure	Sep 2007	Dec 2007	Mar 2008	Jun 2008	Sep 2008	Dec 2008	Mar 2009	Jun 2009	Sep 2009	Dec 2009	Mar 2010
Gross bad loans, ₹ crore	1	136	126	127	122	150	161	165	177	232	294
Net bad loans, ₹ crore	0	32	31	32	32	54	57	53	64	84	134
Bad loans already provided for	77.83%	76.15%	75.52%	75.03%	73.93%	64.01%	64.56%	68.06%	63.85%	63.67%	54.56%

Per cent, and the bad loans themselves in ₹ crore. A non-performing loan is one the borrower has stopped paying, generally for 90 days.

3 years at a glance

Standalone, laid out as a bank files them. No figures on this form for the years to Mar 2001, Mar 2002, Mar 2003, Mar 2004, Mar 2005, Mar 2006 and Mar 2007.

Net interest income, Net profit, ₹ crore

Net interest income
Net profit
Loss

Income

₹ crore, years to March.

₹ crore	Mar 2008	Mar 2009	Mar 2010
Total income	1,176	1,507	1,489
	1,049	1,384	1,359
On loans	631	917	906
On investments	284	374	430
On balances with the RBI and other banks	131	88	23
Other interest	4	5	0
Interest paid	736	998	1,024
Net interest income	314	385	335
Other income	127	124	130
	270	315	493
Employee costs	175	209	382
Other operating expenses	95	106	111
Profit before provisions	171	194	−28
Set aside for bad loans	1	–	117
Exceptional items	–	−21	–
Profit before tax	171	173	−145
Tax	56	55	−43
Net profit	115	118	−102

Bad loans and capital

Per cent, and the bad loans themselves in ₹ crore. A non-performing loan is one the borrower has stopped paying, generally for 90 days.

Figure	Mar 2008	Mar 2009	Mar 2010
Gross bad loans, ₹ crore	126	161	294
Net bad loans, ₹ crore	31	57	134
Bad loans already provided for	75.52%	64.56%	54.56%

Margins and returns

Per cent a year, on the average of the opening and closing balance sheets.

Per cent	Mar 2008	Mar 2009	Mar 2010
Cost to income	61.14%	61.92%	106.00%

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2010.

Measure	3 years
Net margin, average	3.6%

Where the return came from

Yearly rates to Mar 2010, per-share figures restated for splits and bonuses.

Over	Return a year	Earnings growth	Change in P/E	Dividend yield
1 year	+44.8%	–	–	0.0%
3 years	+12.2%	–	–	0.0%

Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Recent sessions

The 10 trading days to 23 Aug 2010, as traded on BSE.

Date	Open	High	Low	Close	Average price	Volume
23 Aug 2010	207.95	213.50	207.00	212.10	209.75	1,24,342
20 Aug 2010	212.00	213.50	202.20	208.35	209.29	71,737
19 Aug 2010	200.00	212.70	200.00	212.15	208.20	3,66,161
18 Aug 2010	202.00	204.45	199.50	202.90	201.34	2,28,079
17 Aug 2010	201.00	202.25	199.10	200.45	200.69	1,36,932
16 Aug 2010	195.10	203.60	195.10	199.65	201.90	2,62,518
13 Aug 2010	202.95	206.80	197.10	201.00	201.93	21,02,695
12 Aug 2010	188.40	193.00	187.20	190.15	190.35	36,831
11 Aug 2010	192.90	195.10	189.55	190.20	192.72	53,678
10 Aug 2010	191.00	194.15	190.00	193.20	192.31	99,279

Prices in ₹ per share as traded, not adjusted.

Company details

BSE code: 500019
ISIN: INE320A01014
Website: www.bankofrajasthan.com
Registered office: Clock Tower, Udaipur 313001, Rajasthan