As per the report appearing in The Hindu Business Line, SBI has reduced the deposit interest rates by 25-50 basis points on deposits upto 5 years maturity period. The revised rates are made effective from 9th November 2009. The bank has however left the interest rates untouched for the maturity periods of 5 years to less than 8 years and 8 years and upto 10 years.
Earlier, Punjab National Bank has also announced that it would reduce interest rates by 25-50 basis points in select maturity buckets.
Source: http://www.thehindubusinessline.com/2009/11/07/stories/2009110752100100.htm
With the announcement of cut in deposit rates by SBI and PNB, we have to wait and see whether other PSBs would follow them immediately or later.
SBI CUTS DEPOSIT RATES ON SLOW CREDIT, LIQUIDITY GLUT
HIGHER PROVISIONS MAY PUT PRESSURE ON BANK PROFITS
As per a report appearing in The Economic Times, Rating Agency Standard & Poor has said that bank's profits would decline in F.Y. 2010 and 2011 on complying with the higher provision levels stipulated by RBI in its recent credit policy. In the recent policy, RBI asked banks to maintain a Provision Coverage Ratio (PCR) of atleast 70% by September 2010. This is against industry average PCR of 52%. The ratio is an indicator of the amount that banks expect to forego from a bad loan if they have to write-off that loan account.
As per the report, Banks have been urging RBI to extend the deadline by one more year till September 2011. It is also reported that Banks have also asked RBI if they could include written-off Accounts while calculating PCR.
The report says that SBI has a PCR of 38.7%, ICICI Bank has 55%, HDFC Bank 68%, Bank of Baroda 75% and Punjab National Bank 90% as on 31.03.2009.
Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance-/banking/Higher-provisions-may-put-pressure-on-bank-profits/articleshow/5201524.cms
YOU MAY BE AWARE THAT CENTRAL BANK OF INDIA HAS ALREADY ACHIEVED PCR OF 74.3% AS ON 30TH SEPTEMBER 2009 I..E. ONE YEAR AHEAD OF THE DEADLINE. PLEASE REFER QUARTERLY RESULTS OF THE BANK PUBLISHED HERE IN EARLIER POSTS.
BEWARE OF BANK CONSOLIDATION
An article written by Sri T.T. Ram Mohan, Faculty, IIM, Ahmedabad in The Economic Times dated 17.09.2009 on bank consolidation in India has been republished in AIBOC's Common Bond Magazine for the month of November 2009.
As the article is informative and analytical, we are reproducing here the same along with a link to November 2009 issue of Common Bond Magazine.“One outcome of the present global crisis is that large banking monsters have come to be feared. That is why the recent death anniversary of Lehman Brothers drew a barrage of comment. And Lehman wasn’t even a bank, it was an investment bank. We worry now not just about large banks but about ‘systemically large’ financial institutions.
Economist Joseph Stiglitz and many others want banks to be limited either in size or in scope. Stiglitz wrote recently, “We need to break up the too-big-to- fail banks; there is no evidence that these behemoths deliver societal benefits that are commensurate with the costs they have imposed on others.”
Stiglitz’s views are echoed by several others, including Henry Kaufmann, a much respected figure on Wall Street. It’s a different matter that Mr Kaufmann has woken up to the dangers of bigness rather late in the day: he happened to be on the board of Lehman Brothers. In contrast, here. in India, there is a revival of the clamour for bank consolidation. The Chairman of SBI, Mr. 0 P Bhatt, wants Indian banks to grow bigger. Mr Bhatt-has been quoted as saying: “The size of Indian banks is not good enough, we need to consolidate... Even SBI is not large enough to serve Indian corporates”. Mr Bhatt thinks there should be at least two to three banks bigger than SBI and half a dozen banks the size of SBI in the country.
Can Indian banks get a lot bigger quickly? Should they do so? Do we need bigger banks at a time when others want their banks to shrink? In the first place, Mr Bhatt’s suggestions do not appear feasible, given the present sizes of Indian banks. Yes, we can have banks bigger than SBI by merging SBI with its subsidiaries or with other banks.
But having two or three banks bigger than SBI or half a dozen banks the size of SBI is almost impossible. To get just one more bank the size of SBI, we would have to merge the four biggest public sector banks (PSBs) after SBI. Mergers of private banks with PSBs are difficult to contemplate and even these will not produce banks bigger than SBI. That apart, the arguments typically made for bank consolidation in India lack Substance:
Indian banks are much smaller than global giants: True. In 2007, SBI was not even one-tenth the size of the tenth largest bank in the world. But this also means that no amount of consolidation will give Indian banks a global size in the foreseeable future.
Bigger size is needed for scale economies: Yes, scale economies are useful. But beyond a certain size, the benefits of scale taper off and tend to be offset by growing complexity. Internationally, studies have shown that a size of around $20 billion is optimal. India’s top ten banks meet this size requirement.
Our banks need to be bigger in order to meet the needs of large corporates. Why should one bank meet the needs of any large corporate on its own? From the point of view of risk management, consortium financing is preferable. Some large requirements of corporates, such as overseas finance, cannot be met by Indian banks, however large they may become.
There is too much competition in the Indian market: Concentration in the banking market works to the detriment of customers. Fragmentation is bad for banks. You need to strike a balance. A good way to see where a banking system stands is to compare the share of the top five banks in assets. In India, the figure is 44%, which comes somewhere in between the 60% for France and 30% for the United States. Not only are the arguments for bank consolidation not persuasive, there are a number of compelling arguments against bank consolidation.
First, large banks are harder to manage and create greater disruption when they fail. That Indian banks are smaller in absolute terms than globe giants is no comfort. When it comes to systemic risk, the relevant measure is balance sheet size relative to GDP.
Secondly, merger is required where the potential for profit growth is limited. This is emphatically not true of the Indian market. In a normal year, one can expect commercial credit to grow at 20-25%, with a net interest margin of around 2.5%. Not many markets in the world can boast of a similar potential.
Thirdly, mergers make huge demands on HRD capabilities. This is precisely the weak spot for PSBs. Most PSBs face a decimation of their top management in the next three to five years. So this would be quite the wrong time to attempt consolidation. Instead, PSBs should concentrate on delivering better performance at their present sizes. If you cannot get the most out of assets of Rs.250,000 crore, you are unlikely to do better with Rs.500,000 crore of assets. As India returns to a growth rate of 8% and sustains it over a decade, our banks will attain a globally respectable size. There is no need to leapfrog the process through consolidation. The motto for Indian banks should be one that applies universally: don’t grow too big for your boots.”
Source: http://aiboc.org/New_circulars/b-nov-29a.pdf
AIBOC CIRCULAR NO. 83 DATED 6TH NOVEMBER 2009
AIBOC has issued its circular No. 83 on UFBU meeting held on 04.11.2009 at Chennai on wage negotiations.
We are reproducing the same here for our readers.
CIRCULAR NO:83 6th November, 2009
TO ALL AFFILIATES/MEMBERS:MEETING HELD AT CHENNAI ON 4TH Nov. 2009
A meeting of the UFBU was held today in Chennai. Com P S Pillai (President, BEFI) presided over the meeting.
The meeting took note of the negative approach of the Government in relation to the revised scheme of compassionate ground appointment/financial compensation to the family of the employees dying in harness and felt that the scheme as discussed and finalized between UFBU and IBA should be got expedited.As regards the condition of the IBA that the entire cost of pension arising out of the wage revision to be adjusted from the proposed wage revision and that in the next settlement again another actuarial valuation should be carried out and the gap should be funded by employees sharing the same, after detailed discussions, the UFBU while rejecting the above conditions, expressed its view that the additional pension cost can be adjusted by sharing a portion of the same as was done in the 7th and 8th bipartite wage revision.
Regarding IBA’s condition that a new contributory pension scheme should be accepted by the unions from 1-4-2010 as a pre-condition for extending one more option for pension scheme, the UFBU felt that a mutually acceptable solution should be worked out to resolve the same as unilateral imposition of such conditions are not acceptable.
Regarding IBA’s suggestion for introduction of the concept of fixed pay and variable pay for bank employees/officers, UFBU decided not to accept the proposal.
2. Based on the above, the meeting decided to pursue the issues with the IBA during the next round of talks to be held shortly and to expedite the conclusions as early as possible.
3. Comrades, we are aware that speculations and rumours are being circulated here and there which are only adding to the anxieties of the membership. Hence UFBU appeals to all units and members not to fall a prey for such propaganda and close up the ranks at this crucial juncture when all attempts are being made by the UFBU to expedite the settlement.
With greetings,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY
AIBOC CIRCULAR NO. 82 DATED 3RD NOVEMBER 2009
AIBOC has issued its circular No. 82 on 10th National Council Conference of United Bank Officers' Association.
The same is reproduced here for our readers.
CIRCULAR NO:82 3rd November, 2009
TO ALL AFFILIATES/MEMBERS:
10TH NATIONAL COUNCIL CONFERENCE OF UNITED BANK OFFICERS’ ASSOCIATION
The inaugural session of 10th National Council Conference of UBOA was held on 31.10.2009, at Mukta Dhara Hall auditorium, Gole market, Delhi. The members of the Central Council of UBOA and delegates from various parts of the country participated in two days conference. The inaugural function commenced at 4.00 p.m with a patriotic song by the music team of UBOA.
2. The Conference was inaugurated by lighting the lamp by Shri. S.C.Gupta, CMD of the Bank along with other leaders on the dais. Com. Suprita Sarkar, General Secretary of the UBOA, in his introductory speech said that, this is a Conference of leaders held in between two General Councils, to asses the performance of the Association and also to initiate appropriate steps to achieve the set goals. He was proud that, UBOA, established in November 1977, has crossed 80% of membership and will achieve the mark of 5000 membership shortly. The UBOA has to its credit many more achievements and improvements in service conditions of officers. Through the Hon’ble Supreme Court verdict, the draconian Service Rule No.19 (3), to remove any officer with 3 months’ notice or salary in lieu of notice period was repealed. They are successful in Codification of Promotion and Transfer Policy for Officers in the Bank. The Bank which almost collapsed during 90’s has survived and rose like a Phoenix, due to the efforts of grassroot level membership, said Com.Sarkar.
3. Shri. S.C.Gupta, the Chief Guest and CMD of UBI in his address said that “Banks in India are run by the great contributions of the people and AIBOC is one such contributor to the success of Banking. The officers at United Bank of India are second to none. They have proved their mettle by working hard and the Bank has achieved One Lakh Crore business mark”. They have ambition to achieve Rs.1.25 lac crores business and Rs.350 crore profit by the end of March 2010. The first and foremost thing he did in the Bank was to introduce simplification of Staff Accountability. He appealed to the officers to increase the advances portfolio along with the deposits to improve CDR. The Bank has taken up the task of succession plan through promotions. He advised the staff to trust each other, which will increase self confidence. He was proud that, not a single vigilance case is pending in the Bank.4. Com.G.D.Nadaf, the General Secretary of AIBOC, in his key note address paid rich tributes to the UBOA leadership and the membership for their contribution to the Bank to regain its lost pride. The officers have voluntarily surrendered some of the perquisites when three banks viz. UBI, UCO, Indian Bank were in trouble earlier. He was happy that all these Banks are generating sufficient profits, and hence, managements should now restore and improve on service conditions of officers, to encourage them to perform well.
5. While sharing with the participants on the latest developments on 2nd Option on Pension, Salary Revision and Compassionate Appointment etc, he demanded that, the Govt. /IBA should volunteer to improve the salary package and cover all employees/officers under pension scheme. The long pending proposal of the IBA on improvements in Compassionate Appointment Scheme has to be cleared by the Govt. as unfortunate dependants of the deceased employees are anxiously waiting for a helping hand from the Banks. He was critical of IBA coming with new conditions every time in negotiations, thereby creating an impasse in the bipartite talks. The conditions of sharing of gap in pension fund at the time of every bipartite, bearing the entire incremental cost on pension, variable pay, unbounded authority on outsourcing, withdrawal of present pension scheme to future recruitees etc., are uncalled conditions, impeding smooth conclusion of the negotiations. Despite two days thunderous success in the strike on 6th and 7th August 2009, the Govt./IBA have not changed their stand on increase in salary at 17.5% and other conditions on pension etc. They are testing the patience of Officers/Employees, and Unions in the Banking Industry. The fresh provocations are sufficient to review the deferred agitation/strike. The UFBU will meet at Chennai on 4th November, 2009 to analyse the situation and come out with appropriate strategy to break the stalemate, said Com. Nadaf. He complimented the Management/UBOA for the distinction of achieving zero vigilance case in the Bank. He acknowledged the contributions of UBOA to the AIBOC and reiterated support to its one of the active affiliates.
6. Com. K.S.Shetty, President, AIBOC, in his address stressed on the share of the employees in Bank profits by way of better pay package. The Bank managements should ensure equality in service conditions. The IBA is taking advantage of the situation and offering inferior pay package to Bank employees. The IBA is putting lot of pressure on Unions to agree for New Pension Scheme in the Banking Industry. He highlighted the contribution of Banks to the National Economy. The consolidation, merger, acquisition are not suitable to our country. The purpose of bank nationalization was to take the banking to the door steps of the common man. Hence, the need of the hour is to increase the nationalised Banks by nationalising the Private Sector Banks, to cater to the needs of the people of the country, who are yet to open an account with the Bank. He complimented the UBOA, for its achievements.
7. Com. Debashish Banerjee, President of UBOA, delivered Presidential address. Earlier Com. Ambarisha Nanda, General Manager, UBI and Chairman Reception Committee welcomed the guests. Com. Deepankar Mukherjee, Deputy General Secretary of UBOA, compered the programme and also proposed vote of thanks.
8. It was a well planned conference of the leadership of UBOA. We compliment Com. Debashish Banerjee, President and Com. Suprita Sarkar, General Secretary of UBOA for organising a memorable Conference in the northern part of the Country.
With Warm Greetings,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY
ZONAL ALLOTMENT OF AIS PROMOTEES IS RELEASED
Central Office has released the placements of the new promotees under AIS along with the list of Scale-I Officers, whose pending request transfers have been considered.
C,B.O.A., A.P. unit congratulates the promotees once again and wish them a bright career.
We furnish hereunder the list of AIS promotees, who have been retained in Hyderabad Zone on their promotion.
Name of the Promotee Present Place of Work
1 M INDU BALA AS RAO NAGAR
2 M K GOVIND BEGUMBAZAR
3 V.S.N.MURTHY GANDHIGRAM
4 V.BALASUBRAMANI BOLARAM
5 M.V. RAGHAVULU KAKINADA
6 KULKURNI V M R.O, Hyderabad
7 T.S.CHARYULU REIN BAZAR
8 Y. SRINIVAS GUDIVADA
9 K.MALLIKARJUNA RAO KURNOOL
10 S.R.KULKARNI GULBURGA
11 D.V.S.S. PRABHAKAR RAO SURYABAGH
12 P USHA RANI GOVERNORPET
13 B.S.RAMA MURTHY CHILAKALURIPET
14 P. ANJANEYULU TADEPALLIGUDEM
15 VAJJA SAMBAIAH NIDAMANOOR
16 M.H.MANJUNATH RAO DAVANGERE
17 G.P.PATTEKAR BELGAUM
18 G.ANAND NARSAMPET
19 R.LAKSHMAN RAO NIZAMABAD
20 T.VENKATA SWAMY FATEHMAIDAN
The following promotees have been posted to Raipur Zone.
1. J.V.RAO MANIKONDA
2 MALARKODI K BRIGADE ROAD
3 K.SANJIVA RAO SAMALKOT
4 NAGESH M INDIRANAGAR
CBOA, AP unit once again wishes all the promotees to have a bright career.
RESULTS OF WRITTEN TEST HELD ON 09.08.2009 FOR RECRUITMENT OF AFO-SCALE-I IN CENTRAL BANK
Central Bank has declared the results of written test held on 09.08.2009 for recruitment of Agriculture Finance Officers - Scale-I along with the schedule of Interviews. 127 candidates have been declared eligible for the interview, which is to be conducted from 18.11.2009 to 21.11.2009 at Central Bank of India, Central Office, 16th Floor, Chandermukhi, Nariman Point, Mumbai.
Source: http://www.centralbankofindia.co.in/upload/WEBAFO.pdf
CENTRAL BANK OF INDIA RECORDS A GROWTH OF 227% IN NET PROFIT FOR THE QUARTER SEPTEMBER 2009 ON QoQ BASIS
Central Bank of India has posted a Net Profit of Rs.313.92 crores for the quarter ended September 2009 as compared to Rs.96.15 crores for the quarter ended September 2008, recording a growth of 227% on a QoQ basis.
The total business of the Bank increased to Rs.2,43,718 crore as on September 30, 2009 from Rs. 1,97,192 crore as on September 30, 2008, a growth of 23.6 % (YoY) basis.
Gross NPA ratio declined to 2.64 % as on September 30, 2009 from 2.79 % as on September 30, 2008.
Net NPAs declined to 0.69% as on September 30, 2009 from 1.17 % as on September 30, 2008.
NPA Provision Coverage increased to 74.3 % as on September 30, 2009 from 59 % as on September 30, 2008. This coverage of 74.3 % is higher than 70 % stipulated by RBI to be achieved by September 30, 2010 as per the recent Monetary Policy Review announced on October 27, 2009.
Aggregate deposits of the Bank have increased to Rs. 1,51,506 crore as on September 30, 2009 in comparison to Rs. 1,16,365 crore as on September 30, 2008 registering a growth of 30.20 % on YOY basis.
The CASA Deposits has grown from Rs. 42, 296 crore as on September 30, 2008 to Rs.46,750 crore as on September 30, 2009 with a growth of 10.53% on YoY basis. The CASA deposits is 30.90% of total deposits as on September 30, 2009.
The gross advances have increased to Rs. 92,212 crore as on September 30, 2009 from Rs. 80,827 crore as on September 30, 2008 at a growth rate of 14.09% on YoY basis.
Business per branch has increased to Rs. 62.30 crore as on September 30, 2009 compared to Rs. 54.75 crore as on September 30, 2008, registering a growth of 13.79%.
Business per employee has increased to Rs. 6.72 crore as on September 30, 2009 from Rs.5.38crore as on September 30, 2008, registering a growth of 24.91%.
The investments has increased to Rs. 57,178 crore as on September 30, 2009 from Rs.34,778 crore as on September 30, 2008 at a growth rate of 64.40 % on YoY basis.
Capital Adequacy of the Bank stands at 11.56% (Basel I) as on September 30, 2009.
As per Basel II the CRAR stands at 12.23% as on September 30, 2009.
Net NPA stood at Rs. 640 crore as on September 30, 2009 from Rs 926 crore as on September 30, 2008 improved by 30.88% on YoY basis.
The percentage of net NPA as on September 30, 2009 is 0.69% of total advances.
NPA Coverage – cum- Provision is 73.66% as on September 30, 2009.
Operating Profit of the Bank was up by 89.59 % at Rs. 513.80 crore for the quarter ended September 30, 2009 from Rs. 271 crore as on September 30, 2008 on QoQ basis.
Operating Profit of the Bank was up by 69.90% at Rs. 875 crore for the half yearly period ended September 30, 2009 from Rs. 515 crore half yearly as on September 30, 2008 on YoY basis.
The Net Profit of the Bank for the quarter ended September 30, 2009 stood at Rs. 313.92 crore as compared to Rs. 96.15 crore for the quarter ended September 30, 2008 posted a growth of 226.49% on a QoQ basis.
The Net Profit of the Bank for the half yearly period ended September 30, 2009 stood at Rs. 581 crore as compared to Rs. 155 crore for the half yearly period ended September 30, 2008 posted a growth of 275% on YoY basis.
Non Interest Income of the Bank increased to Rs. 408.60 crore for the quarter ended September 30, 2009 from Rs. 94.49 crore for the quarter ended September 30, 2008 registering a growth of 332.43% on QoQ basis.
Non Interest Income of the Bank increased to Rs. 802.18 crore for the half yearly period ended September 30, 2009 from Rs. 255.73 crore for the half yearly period ended September 30, 2008 registering a growth of 213.68% on YoY basis.
Source: http://www.centralbankofindia.co.in/upload/news/PR_Sep09.pdf
CENTRAL BANK OF INDIA AWARDED THE BEST EDUCATION LOAN PROVIDER
Central Bank of India has done it once again by winning an Award - this time as the Best Education Loan Provider. Congratulations to all Centralites.
Central Bank of India received the Outlook Money NDTV Profit Award 2009 in the category of “Best Education Loan Provider”. The Award was received by Shri Ramnath Pradeep, Executive Director of the Bank from Shri Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, Government of India, at an award function held at Mumbai on 28th October, 2009.
Source: http://www.centralbankofindia.co.in/upload/news/Outlook_Money_NDTV.pdf
AIBOC CIRCULAR NO. 81 DATED 31ST OCTOBER 2009
AIBOC issued its Circular No. 81 on Dearness Allowance payable to Officers from November 2009. The DA is increased by 59 slabs and the total DA payable is now at 350 slabs.
We reproduce hereunder the circular along with the DA payable at various scales of pay upto Scale-VII.
CIRCULAR NO.81 31-10-2009
TO ALL AFFILIATES/MEMBERS
DEARNESS ALLOWANCE
The Index Numbers for the quarter ended September 2009 are as under:
MONTH INDEX AS PER CONVERSION INDEX AS PER
2001 SERIES FACTOR 1960 SERIES
July 2009 160 4.63 x 4.93 3652.14
Aug 2009 162 4.63 x 4.93 3697.79
Sept 2009 163 4.63 x 4.93 3720.62
Total 11070.55
Average = 11070.55/3 3690.18
Difference in excess of 2288 points 1402.18
D.A.paid for the previous quarter on (i.e. 291x4) 1164.00
Difference 238.18
Increase in number of Slabs = 238.18/4 = 59.54
Accordingly, Dearness Allowance is payable to Officers on 350 (i.e. 291+59) slabs with effect from 01-11-2009 as against 291 slabs for the previous quarter.
The rates of Dearness Allowance at various stages of basic pay are furnished overleaf.
The rates worked out are as per the industry level scales upto Scale VII including SBI.
With greetings,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY
D.A. PAYABLE FROM I ST NOVEMBER, 2009 TO 31ST JANUVARY , 2010
RATE OF D.A. 0.18% PER SLAB (350 X 0.18= 63%)
BASIC CONVERSION EXISITING-DA REVISED-DA DIFFERENCE
PAY FACTOR 291 350
01.08.2009 01.11.2009
10000 18.000 5238.00 6300.00 1062.00
10470 18.846 5484.19 6596.10 1111.91
10940 19.692 5730.37 6892.20 1161.83
11410 20.538 5976.56 7188.30 1211.74
11880 21.384 6222.74 7484.40 1261.66
12350 22.230 6468.93 7780.50 1311.57
12820 23.076 6715.12 8076.60 1361.48
13320 23.976 6977.02 8391.60 1414.58
13820 24.876 7238.92 8706.60 1467.68
14320 25.776 7500.82 9021.60 1520.78
14880 26.784 7794.14 9374.40 1580.26
15440 27.792 8087.47 9727.20 1639.73
16000 28.800 8380.80 10080.00 1699.20
16560 29.808 8674.13 10432.80 1758.67
17120 30.816 8967.46 10785.60 1818.14
17680 31.824 9260.78 11138.40 1877.62
18240 32.832 9554.11 11491.20 1937.09
18800 33.840 9847.44 11844.00 1996.56
19360 34.848 10140.77 12196.80 2056.03
19920 35.856 10434.10 12549.60 2115.50
20480 36.864 10727.42 12902.40 2174.98
21040 37.872 11020.75 13255.20 2234.45
21660 38.988 11345.51 13645.80 2300.29
22280 40.104 11670.26 14036.40 2366.14
22900 41.220 11995.02 14427.00 2431.98
23520 42.336 12319.78 14817.60 2497.82
24140 43.452 12644.53 15208.20 2563.67
24760 44.568 12969.29 15598.80 2629.51
25380 45.684 13294.04 15989.40 2695.36
26000 46.800 13618.80 16380.00 2761.20
26620 47.916 13943.56 16770.60 2827.04
27300 49.140 14299.74 17199.00 2899.26
27980 50.364 14655.92 17627.40 2971.48
28660 51.588 15012.11 18055.80 3043.69
29340 52.812 15368.29 18484.20 3115.91
30020 54.036 15724.48 18912.60 3188.12
30700 55.260 16080.66 19341.00 3260.34
31600 56.880 16552.08 19908.00 3355.92
32600 58.680 17075.88 20538.00 3462.12
300 0.540 157.14 189.00 31.86
750 1.350 392.85 472.50 79.65
Subscribe to:
Posts (Atom)
+1.jpg)
