Loan loss provision rose to 423 million rupees but a recovery of 133 million allowed total provisions to be managed at 290.9 million rupees, up 22.5 percent.
Tax charges rose 7.8 percent to 351.6 million rupees.
Total performing loans fell 4.2 percent to 85.6 billion rupees.
Total non-performing loans were at 9.6 billion rupees, up 14.0 percent.
Deposits were at 107.7 billion rupees, barely up 0.4 percent. Net assets were up 3.7 percent to 11.2 billion rupees. Group gross assets were 141.9 billion rupees, down 0.2 percent.
Group interest income grew 17 percent to 5.3 billion rupees in 2009, while interest expenses grew at a slower 13.0 percent to 3.5 billion rupees allowing for strong net interest income growth of 26.3 percent to 1.7 billion rupees.
Interest income from other earning assets grew 68.6 percent to 1,174 billion rupees.
Government securities held to maturity rose to 32.0 billion rupees from 26.0 billion rupees indicating a shift to high-yielding gov