SCHEDULE 16 - OPERATING EXPENSES

(Rs. 000 omitted)

Year ended 31.03.2005 Year ended 31.03.2004
I. Payments to and provision for employees 21212342 16540620
II. Rent, Taxes and Lighting 1339566 1199554
III. Printing and Stationery 366525 350872
IV. Advertisement and Publicity 191550 108484
V. Depreciation/Amortisation on Bank's property 1918205 1899910
Less: Adjusted with Revaluation Reserve 85449 85449
1832756 1814461
VI. Directors' fees, allowances and expenses 6958 3486
VII. Auditors' fees and expenses (including branch auditors' fees& expenses) 215108 178799
VIII. Law Charges 115981 132509
IX. Postage, Telegrams, Telephones, etc. 475204 451077
X. Repairs and Maintenance 292771 244182
XI. Insurance 840797 546598
XII. Other expenditure 2862577 2136598
TOTAL of I to XII 29752135 23707240