ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank ãò³ãè¾ã ãã¾ããÃÊã¾ã,763,㥥ãã ÔããÊãõ,Þãñ¸ãõ- 600 002 Central Office : 763, Anna Salai, Chennai - 600 002
ÌãããäÓãÃã ãäÀ¹ããñà Annual Report 2009-2010
31.03.2010 ¦ãã ãä¶ãªñÍãã ½ãâ¡Êã BOARD OF DIRECTORS AS ON 31.03.2010
Ñããè Ôã..¼ã Shri S A Bhat 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã Chairman and Managing Director Ñããè Ìããà Êã ½ãªã¶ã Shri Y L Madan ãã¾ãùããÊãã ãä¶ãªñÍãã Executive Director Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã Smt Nupur Mitra ãã¾ãùããÊãã ãä¶ãªñÍãã (ã䪶ããâã 07.12.2009 Ôãñ) Executive Director (from 7.12.2009) ¡ãù.ãäÌã¶ããè¦ãã ãì½ããÀ Dr. Vinita Kumar ¼ããÀ¦ã ÔãÀããÀ ãñ ¶ãããä½ã¦ããè ãä¶ãªñÍãã GOI Nominee Director Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã Smt.Chitra Chandramouliswaran ¼ãã ãäÀ ºãöã ãñ ¶ãããä½ã¦ããè ãä¶ãªñÍãã RBI Nominee Director Ñããè ¶ãñÔã¶ã Ñããè£ãÀ¶ã Shri Natesan Sridaran ã½ãÃããÀ ã½ãÃÞããÀãè ãä¶ãªñÍãã Workmen Employee Director Ñããè ãñ ãã¶ã¶ª ãì½ããÀ Shri K Ananda Kumar ããä£ãããÀãè ã½ãÃÞããÀãè ãä¶ãªñÍãã (ã䪶ããâã 26.03.2010 Ôãñ) Officer Employee Director (from 26.3.2010) Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã Shri B V Appa Rao ¼ããÀ¦ã ÔãÀããÀ ´ãÀã ¶ãããä½ã¦ã Nominated by the GOI Ñããè ÔãîÀã ã¨ããè Shri Sooraj Khatri ¼ããÀ¦ã ÔãÀããÀ ´ãÀã ¶ãããä½ã¦ã Nominated by the GOI Ñããè ãÍããñã ãì½ããÀ ¼ããØãÃÌã Shri Ashok Kumar Bhargava Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã Shareholder Director Ñããè ãäÞãÀâããèºã Ôãñ¶ã Shri Chiranjib Sen Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã Shareholder Director Ñããè . ÌãñÊÊã¾ã¶ã Shri A Vellayan Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã Shareholder Director
Ñããè ãñ. Ôã춪À Àãã¶ã Shri K Sundar Rajan ¹ã ½ãÖã ¹ãƺãâ£ãã Ìãâ ½ãâ¡Êã ÔããäÞãÌã Deputy General Manager & Board Secretary
Êãñãã ¹ãÀãèàããØã¥ã AUDITORS ÀãäûãÔÈãÀ Ìãâ Íãñ¾ãÀ ãâ¦ãÀ¥ã ãò Registrar & Share Transfer Agent 1. ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ. 1. Om Agarwal & Co. ½ãñÔãÔãà ãõãä½ã¾ããñ ãã¹ããóÀñ ÔããäÌãÃÔãñÔã ãäÊã. M/s. Cameo Corporate Services Ltd. (¾ãîãä¶ã - ãã ããñ ºããè) 2. Ìã½ããà ñ¥¡ Ìã½ããà 2. Varma & Varma (Unit-IOB) Subramanian Building, Ôãìºãƽããä¥ã¾ã¶ã ãäºããäÊ¡âØã, ¹ãÖÊããè ½ãâãäûãÊã 3. ¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ô㶦ãã¶ã½ã 3. PKF Sridhar & Santhanam I Floor, No.1, Club House Road, ¶ã.1, ãÊãºã ÖãÔã Àãñ¡ Chennai - 600 002 4. ¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã 4. Bhaskaran & Ramesh Þãñ¸ãõ - 600 002 5. ½ã. ¼ããÔãÀ ÀãÌã ñ¥¡ ãâ. 5. M Bhaskara Rao & Co. ñãäÊã¹ããñ¶ã - 044-28460390 (Ö Êãã¶ãò), Tel : 044 - 28460390 (Six Lines) 6. ãä½ã¦¦ãÊã Øã칦ãã ñ¥¡ ãâ. 6. Mittal Gupta & Co. 28460084, 28460395 28460084, 28460395 ¹ãõãÔã- 044-28460129 Fax: 044 - 28460129 Ã-½ãñÊã :[email protected] e- mail : [email protected]
1 ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank ãò³ãè¾ã ãã¾ããÃÊã¾ã,763,㥥ãã ÔããÊãõ,Þãñ¸ãõ- 600 002 Central Office : 763, Anna Salai, Chennai - 600 002
ÌãããäÓãÃã ãäÀ¹ããñà Annual Report 2009-2010
ãäÌãÓã¾ã-ÌãÔ¦ãì CONTENTS ãäÌãÓã¾ã-ÌãÔ¦ãì Contents ¹ãðÓ Ôãâ Page No. ãäÌãÓã¾ã-ÌãÔ¦ãì Contents ¹ãðÓ Ôãâ Page No. 㣾ãàã ããè ¡ñÔã Ôãñ ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ Êãñãã-¹ãÀãèàãããò ãã ¹ãƽãã¥ã-¹ã¨ã From the Chairmans desk 4 Auditors Certificate on Corporate Governance 69 Íãñ¾ãÀ£ããÀããò ããñ ÔãîÞã¶ãã ÌãããäÓãÃã Êãñãñ Notice to Shareholders 9 Annual Accounts 70
¹ããäÀ¥ãã½ã - ã ¢ãÊãã ½ãò ¶ã㪠¹ãÆÌããÖ ãäÌãÌãÀ¥ã Ìãâ Êãñãã-¹ãÀãèàãããò ãã ¹ãƽãã¥ã-¹ã¨ã 115 Results at a Glance 13 Cash Flow Statement & Auditors Certificate 117 ãä¶ãªñÍãããò ããè ãäÀ¹ããñà Êãñãã-¹ãÀãèàãããò ããè ãäÀ¹ããñà Directors Report 14 Auditors Report 142
¹ãƺãâ£ã¶ã ãäÌãÞããÀ - ãäÌã½ãÍãà ããõÀ ãäÌãÍÊãñÓã¥ã ¹ãÆãùãÔããè ¹ãã½ãà 145 Management Discussion and Analysis 20 Proxy Form 146 ÌãÓãà 2009-10 ãñ ãäÊã ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ ¹ããäÔ©ããä¦ã ¹ãÞããê ãä¶ãªñÍãã ½ãâ¡Êã ããè ãäÀ¹ããñà Attendance Slip Report of the Board of Directors on ÃÔããèÔã ããä£ãªñÍã ¹ãã½ãà 149 Corporate Governance for the Year 2009-10 37 ECS Mandate Form 150
(In this Annual Report in case of any discrepancy found in Hindi Version, English Version will prevail)
ãäÌ㦦ããè¾ã ãõÊãñ¥¡À Financial Calendar ãäÌ㦦ããè¾ã ÌãÓãà 1 ã¹ãÆõÊã 2009 Ôãñ 31 ½ããÞãà 2010 ãñ ãäÊã For the Financial Year 1st April 2009 to 31st March 2010 Êãñãã ºãâªãè ããè ¦ããÀãèãò 29. 05.2010 (Íããä¶ãÌããÀ) Ôãñ Book Closure Dates 29.05.2010 (Saturday) to 04.06.2010 (ÍãìãÌããÀ) 04.06.2010 (Friday) (ªãñ¶ããñâ ã䪶ã Íãããä½ãÊã Öö) (both days inclusive) ÌãããäÓãÃã ãäÀ¹ããñà ãã ¹ãÆñÓã¥ã 15.06.2010 Ôãñ 23.06.2010 Posting of Annual Report 15.06.2010 to 23.06.2010 Last date for Receipt of ¹ãÆãùãÔããè ¹ãã½ãà ããè ¹ãÆãã书ã ãñ Proxy forms 15.07.2010 ãäÊã ãâãä¦ã½ã ãä¦ããä©ã 15.07.2010 (ØãìÁÌããÀ) 17.00 ºããñ (Thursday) 17:00 Hrs ÌãããäÓãÃã Ôãã½ã㶾㠺ãõã ããè ¦ããÀãèã 20.07.2010 (½ãâØãÊãÌããÀ) ÔãìºãÖ Date of AGM 20.07.2010 (Tuesday) 10.00 ºããñ 10.00 A.M. Êãã¼ããâÍã ããè ÜããñÓã¥ãã 20.07.2010 (½ãâØãÊãÌããÀ) Declaration of dividend 20.07.2010 (Tuesday) Êãã¼ããâÍã ãªã¾ãØããè ¦ããÀãèã ããñ ¾ãã ¹ãÀ㶦ã 30.07.2010 Dividend Payment date on or after 30.07.2010 Êãã¼ããâÍã ããä£ã¹ã¨ã ¹ãÆñÓã¥ã ããè Ôãâ¼ãã̾㠦ããÀãèã 30.07.2010 Ôãñ 04.08.2010 Probable Date of Despatch of Dividend Warrants 30.07.2010 to 04.08.2010
2 ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank ãò³ãè¾ã ãã¾ããÃÊã¾ã,763,㥥ãã ÔããÊãõ,Þãñ¸ãõ- 600 002 Central Office : 763, Anna Salai, Chennai - 600 002
Íãñ¾ãÀ£ããÀããò ããñ ã¶ãìªñÍã : ããä¦ã ããÌã;ãã Ìã ¦ã¦ããÊã 1. ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãã ããä£ãØãÆÖ¥ã Ìãâ ãâ¦ãÀ¥ã) ããõÀ ãäÌ㦦ããè¾ã ÔãâÔ©ããú ãäÌããä£ã (ÔãâÍããñ£ã¶ã) ããä£ããä¶ã¾ã½ã 2006 ããñ 16 10 2006 Ôãñ ¹ãƼããÌããè Öõ, ¶ãñ ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãã ããä£ãØãÆÖ¥ã Ìãâ ãâ¦ãÀ¥ã) ããä£ããä¶ã¾ã½ã 1970 ½ãò ãä¶ã½¶ããäÊããäã¦ãã¶ãìÔããÀ ã ¶ãà £ããÀã 10 (ºããè) ããñ¡ ªãè Öõ : ¾ããäª ãäãÔããè Íãñ¾ãÀ£ããÀã ¶ãñ Êãã¼ããâÍã ããè ÜããñÓã¥ãã ããè ¦ããÀãèã Ôãñ 30 ã䪶ããò ããè Ôã½ããã书ã Ôãñ 7 ã䪶ããò ãñ ãâªÀ Êãã¼ããâÍã ãã ¶ããªãèãÀ¥ã / ªãÌãã ¶ãÖãé ãäã¾ãã Öõ ¦ããñ ºãöã ãñ Ëã¼ããâÍã ÞããÊãî ãã¦ãñ ½ãò ã½ãã ñÔããè Àã½ã ããñ ãÊãØã Ôãñ ÌãÓãà ãñ ãäÊã ããããñºããè ãã 㪦¦ã Êãã¼ããâÍã ãã¦ãã ÍããèÓãÃã ¹ããè ã ãÊãØã ãã¦ãñ ½ãò ãâ¦ããäÀ¦ã ãÀ ã䪾ãã ããúý 㪦¦ã Êãã¼ããâÍã ãã¦ãñ ½ãò ãâ¦ããäÀ¦ã ããè Øã¾ããè ããñà ¼ããè Àã½ã ãâ¦ãÀ¥ã ããè ¦ããÀãèã Ôãñ Ôãã¦ã ÌãÓããô ããè ãÌããä£ã ãñ ãäÊã 㪦¦ã ¾ãã ãªãÌãããð¦ã ÀÖ¦ããè Öõ ¦ããñ Ôãñ ãâ¹ã¶ããè ããä£ããä¶ã¾ã½ã 1956 ããè £ããÀã 205 (1) (Ôããè) ãñ ¦ãÖ¦ã Ô©ãããä¹ã¦ã ãä¶ãÌãñÍãã ãäÍãàãã Ìãâ ÔãìÀàãã ãä¶ããä£ã (ãã¹ããè¹ã) ããñ ãâ¦ããäÀ¦ã ãäã¾ãã ãã¶ãã Öõ ý ã¦ã: ãäÌ㦦ããè¾ã ÌãÓãà 2000-01, 2001-02, 2002-03 ãñ ãäÊã Êãã¼ããâÍã, ãäÌ㦦ããè¾ã ÌãÓãà 2003-04 ãñ ãäÊã ãâ¦ããäÀ½ã/ãâãä¦ã½ã Êãã¼ããâÍã ããõÀ ÌãÓãà 2004-05, 2005-06, 2006- 07, 2007-08 ããõÀ 2008-09 ãñ ãäÊã ãâ¦ããäÀ½ã ãâãä¦ã½ã Êãã¼ããâÍã ¶ãÖãé ãä½ãÊãã Öõ / ãäã¶Öãò¶ãñ Êãã¼ããâÍã ãã ¶ããªãèãÀ¥ã ¶ãÖãé ãäã¾ãã Öõ, ¶ãÔãñ ã¶ãìÀãñ£ã Öõ ãäã Ìãñ ã¹ã¶ãñ ªãÌãñ, ¹ããñãäÊã¾ããò Ôãâ¾ãã (ããò) ãõÔãñ º¾ããñÀãò ÔããäÖ¦ã ãä¶ãÌãñÍãã Ôãâºãâ£ã ãàã, ã䥡¾ã¶ã ããñÌãÀÔããèã ºãöã, ãò³ãè¾ã ãã¾ããÃÊã¾ã,㥥ãã ÔããÊãõ, Þãñ¸ãõ - 600 002 ããñ ¼ãñã ªò ý 2. ¹ããäºÊãã ;ãî 2000 ããõÀ ã¶ãìÌã¦ããèà Ìãâ ¹ããäºÊãã ;ãî 2003 ãñ Ìãã¹ãÔããè ããªñÍã ¹ãÆ㹦㠶ã Öãñ¶ãñ Ôãâºãâ£ããè ½ãã½ãÊããò ãñ ºããÀñ ½ãò ¼ããè Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã Öõ ãäã Ìãñ ã¹ã¶ãñ ªãÌãñ, ¾ããäª ããñà Öãñ, ¦ããñ ããÌãñª¶ã Ôãâ¾ãã ÔããäÖ¦ã ãä¶ãÌãñÍãã Ôãâºãâ£ã ãàã, ã䥡¾ã¶ã ããñÌãÀÔããèã ºãöã, ãò³ãè¾ã ãã¾ããÃÊã¾ã,㥥ãã ÔããÊãõ, Þãñ¸ãõ - 600 002 ããñ ¼ãñã ªòý 3. ÊãñãÈããä¶ãã ¹㠽ãò Íãñ¾ãÀ £ããÀ¥ã ãÀ¶ãñÌããÊãñ Íãñ¾ãÀ£ããÀããò ´ãÀã ¹ã¦ãñ, ºãöã ãã¦ãñ ½ãò ¹ããäÀÌã¦ãö㠦¾ãããäª ãõÔãñ ããä£ãªñãäÍã¦ã ãäÌãÌãÀ¥ããò ½ãò ¹ããäÀÌã¦ãöã ãñ ãäÊã Ôãâºãâãä£ã¦ã ¡ãè ¹ããè ããñ Ôãâ¹ããà ãÀ¶ãã Öõ, ¶ã ãäã ÀãäãÔÈãÀ Ôãñý ãð¹ã¾ãã ¶ããñ ãÀ Êãò ãäã ÀãäãÔÈãÀ, ¡ãè ¹ããè ´ãÀã 28.05.2010 ¦ãã ¶Öò ãäª Öì ãäÌãÌãÀ¥ã ãñ ãã£ããÀ ¹ãÀ Êãã¼ããâÍã ããä£ã¹ã¨ã (¾ãã ¾ããäª Íãñ¾ãÀ£ããÀã ¶ãñ ÃÔããèÔã ã½ãã ãã ãäÌããʹã ã䪾ãã Öãñ ¦ããñ Ôã ããä£ãªñãäÍã¦ã ãã¦ãñ ½ãò ã½ãã ãÀñØãã) ¼ãñãñØãã ý 4. ¹ããñãäÊã¾ããñ ãã Ôã½ãñã¶ã : ¾ãÖ ¹ãã¾ãã Øã¾ãã ãäã ãà Íãñ¾ãÀ£ããÀããò ´ãÀã ã Ôãñ ããä£ãã ã©ããæ㠺ãÖìÔãâ¾ãã ½ãò ¹ããñãäÊã¾ããñ Àãñ Ööý Íãñ¾ãÀ£ããÀããò ããñ ¦¦ã½ã ÔãñÌãã ¹ãƪã¶ã ãÀ¶ãñ Öñ¦ãì Ö½ã Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã ãÀ¦ãñ Öö ãäã Ìãñ ¹ããñãäÊã¾ããñ ãñ Ôã½ãñã¶ã Öñ¦ãì ã¹ã¶ãñ Íãñ¾ãÀ ¹ãƽãã¥ã-¹ã¨ããò ããñ Ö½ããÀñ ÀãäãÔÈãÀ ããñ Ìãâ Íãñ¾ãÀ ãâ¦ãÀ¥ã ãñ¥Ôã ããñ ¶ããñ ãäÀãã¡Ã ½ãò ããÌã;ãã Ôãì£ããÀ Öñ¦ãì ¼ãñã ªòý
Instructions to Shareholders : Most Urgent and Immediate
1. The Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006, which has come into force on 16 10 2006 has inserted a new section 10(B) in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 which provides as under : Within 7 days from the expiry of 30 days from the date of declaration, if any shareholder has not encashed/claimed the dividend, such amounts lying in the bank Dividend current account, shall be transferred to a separate account styled Unpaid Dividend Account of IOB for the year _____ Any money transferred to the Unpaid Dividend account which remains unpaid or unclaimed for a period of seven years from the date of such transfer, shall be transferred to the Investor Education and Protection Fund (IEPF)established under section 205(1)(C) of the Companies Act, 1956. Hence the Shareholders who have not received/encashed the dividend for financial years 2000-01, 2001-02, 2002-03 Interim/Final Dividend 2003-04, Interim / Final Dividend 2004-05, 2005-06, 2006-07, 2007-08 and for the year 2008-09 are requested to send their claim along with details of Folio No.(s) to Investor Relations Cell, Indian Overseas Bank, Central Office, 763 Anna Salai, Chennai 600 002. 2. Shareholders are also requested to send their claims, if any, in case of non receipt of refund orders in respect of our Public Issue 2000 and Follow on Public Issue 2003 along with Application Number to Investor Relations Cell, Indian Overseas Bank, Central Office,763, Anna Salai, Chennai-600 002. 3. The shareholders, who are holding shares in electronic form have to approach only the DP concerned and not the Registrar for any change in the mandated particulars like change of address, Bank Account, etc., Please note that the Registrar would send the dividend warrant (or credit to the mandated account in the case of shareholders who have opted for ECS credit) based on the particulars furnished by DP to the Registrar as on 28.05.2010. 4. Consolidation of Folios : It has been found that many shareholders maintain more than one folio (ie.) multiple folios. In order to provide efficient service to shareholders, we request the shareholders to consolidate the folios by forwarding their share certificates to our Registrar and Share Transfer Agent for necessary corrections in their records.
3 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã ãã ¹ã¨ã LETTER FROM THE CHAIRMAN AND MANAGING DIRECTOR
Ñããè Ôã. . ¼ã 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã Shri S.A. BHAT Chairman & Managing Director ãä¹ãƾã Íãñ¾ãÀ£ããÀããñ, Dear Shareholders, ÌãÓãà 2009-10 ãñ ãäÊã ãã¹ããñ ºãöã ããè ÌãããäÓãÃã ãäÀ¹ããñà ããõÀ ãäÌ㦦ããè¾ã I present your Banks Annual Report and financial statements for the year 2009-10. I would like to ãäÌãÌãÀ¥ã ¹ãÆÔ¦ãì¦ã ãÀ ÀÖã Öúîý ½ãö ÌãÓãà ãñ ªãõÀã¶ã ºãöã ãñ ãì ½ãÖ¦Ìã¹ãî¥ãà briefly highlight some key issues and performance ºãã¦ããò ããõÀ ãä¶ãÓ¹ããªã ÔãîÞãããò ¹ãÀ Ôãâàãñ¹ã ½ãò ¹ãÆããÍã ¡ãÊã¶ãã ÞããÖîúØããý indicators of the Bank during the year. ÌãÓãà 2008-09 ãñ ªãõÀã¶ã ¼ããÀ¦ããè¾ã ã©ãÃ̾ãÌãÔ©ãã ½ãò Öìà 6.7% Ìãðãä® The Indian economy is estimated to have ããè ¦ãìÊã¶ãã ½ãò ÌãÓãà 2009-10 ãñ ªãõÀã¶ã 7.2% - 7.5% ããè Ìãðãä® recorded a growth in the range of 7.2%-7.5% during the year 2009-10 as against 6.7% recorded Öìà Öõ ý ã¹ãÆõÊã 10, 2009 ¦ãã ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã ããÀãäàããä¦ã¾ããú ¾ãî during 2008-09. As on April 10, 2009, Foreign Ôã ¡ãè 279 ãäºããäÊã¾ã¶ã ÀÖãé, ããñ ãäã Øã¦ã ÌãÓãà Ôããè ãÌããä£ã ãñ ãäÊã Exchange Reserves stood at USD 279 billion 20 ¾ãîÔã¡ãè ãäºããäÊã¾ã¶ã ããè ã½ããè ããè ¦ãìÊã¶ãã ½ãâñ 11 ¾ãîÔã¡ãè ãäºããäÊã¾ã¶ã showing an increase of USD 11 billion as against ããè ºãü¤ãñ¦ãÀãè Öõ ý ªñÍããè ½ããâØã ½ãñâ ÌãÔãîÊããè ãñ ½ãÿñ¶ããÀ ãã¾ãã¦ã ½ãñâ Ôãì£ããÀ a decline of USD 20 billion during the corresponding period a year ago. Imports have Öìãã Öõ, ãã¦ãîºãÀ 2009 Ôãñ ãä¶ã¾ããæããò ½ãâñ ºãü¤ãñ¦ãÀãè Öìà Öõ ããñ ºããÖÀãè improved evidencing recovery in domestic ½ããâØã ½ãâñ ¦ãñããè ããñ ªÍããæãã Öõ ããõÀ ãìÊã ãä½ãÊãããÀ ãããä©ãÃã ØããÖãè ½ãò demand, exports have turned around since ¦ãñããè Öìà ããñ 2009-10 ããè ªîÔãÀãè ãä¦ã½ããÖãè ½ãò Íãì Öìãã ý ÌãÓãà October 2009 reflecting revival of external demand 2009-10 ãñ ªãõÀã¶ã ÃãäãÌããè ºããããÀ ÌãõãäÍÌãã ããä¼ã¾ãã¶ã ãñ ÞãÊã¦ãñ and on the whole, economic recovery which began in the second quarter of 2009-10 is gaining ã㶦ãÀããä¾ãã Ôãì£ããÀãò ãñ Ôãã©ã ãäÔ©ãÀ ÀÖã ý ºããè Ôã à ÔãòÔãñãÔã momentum. During 2009-10, equity markets 1.04.2009 ãñ 9902 ããè ¦ãìÊã¶ãã ½ãò 31.03.2010 ããñ 17528 generally remained firm with intermittent ÀÖã ããñ ÌãÓãà ãñ ªãõÀã¶ã 77.01% ããè ºãü¤ãñ¦ãÀãè Öõ ý corrections in line with the global movement. The BSE Sensex improved by 77.01% during the year Ôã½ããèàãã£ããè¶ã ÌãÓãà ãñ ªãõÀã¶ã ºãöã ãñ ãã¾ãÃãä¶ãÓ¹ã㪶ã ããè ãä¶ã½¶ããäÊããäã¦ã from 9902 on 1.04.2009 to 17528 on 31.03.2010. ãäÌããäÍãÓ¦ããú ÀÖãè Öö : The performance of the Bank during the year under review : è 31 ½ããÞãà 2010 ¦ãã ãã¹ããñ ºãöã ãã ÌãõãäÍÌãã ããÀãñºããÀ Á.1,91,577 ãÀãñü¡ ¦ãã ¹ãÖìúÞã Øã¾ãã ããñ ãäã ãä¹ãÊãñ ÌãÓãà ãñ è Your Banks global business reached Rs Á.1,75,925 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò 8.90 % ããä£ãã Öõ ý 1,91,577 crore as at 31st March 2010 resulting in an increase of 8.90% over last years figure ie. Rs. 1,75,925 crore
4 è ÌãÓãà 2009 - 2010 ãñ ªãõÀã¶ã ºãöã ããè ã½ããããò ¶ãñ ÌãÓãà ªÀ ÌãÓãà è Deposits of the Bank registered a year-on- ãã£ããÀ ¹ãÀ Á.10679 ãÀãñü¡ (10.67 %) ããè Ìãðãä® ããñ ªãà year (y-o-y) growth of Rs. 10679 crore (10.67%) during the year 2009-10 and ãäã¾ãã Öõý ÌãÓãà 2008-09 ãñ Á.1,00,116 ãÀãñü¡ ããè ã½ããããò increased from Rs. 1,00,116 crore for the ããè ¦ãìÊã¶ãã ½ãò ¾ãÖ ºã¤ãÀ Á.1,10,795 ãÀñãü¡ ÀÖãè ý year 2008-09 to Rs. 1,10,795 crore. è ÌãÓãà 2009 - 2010 ãñ ªãõÀã¶ã ÔããÊã ããäØãƽããò ¶ãñ ÌãÓãà ªÀ ÌãÓãà è Gross Advances registered a y-o-y growth ãã£ããÀ ¹ãÀ Á.4,972 ãÀãñü¡ ããè (6.56%) Ìãðãä® ªãà ãäã¾ãã Öõ of Rs.4972 crore (6.56%) and stood at Rs.80,782 crore for the year 2009-10, as ããõÀ ¾ãÖ Á.80,782 ãÀãñü¡ ÀÖãèý ÌãÓãà 2008-09 ãñ ªãõÀã¶ã against Rs.75,810 crore for the year 2008-09. ¾ãÖ Á.75,810 ãÀãñü¡ ©ããý è Operating Profit for the Bank was Rs. 1,845 è 31.03.2009 ¦ãã ãñ Á. 2,524 ãÀãñü¡ ãñ ºãöã ãñ ¹ããäÀÞããÊã¶ãØã¦ã crore as on 31.03.2010 as against Rs. 2,524 Êãã¼ã ããè ¦ãìÊã¶ãã ½ãò ¾ãÖ 31.03.2010 ¦ãã Á.1845 ãÀãñü¡ crore as on 31.03.2009. ÀÖãý è Net Profit stood at Rs 707 crore at the end of the year as against Rs. 1,326 crore for è ãä¶ãÌãÊã Êãã¼ã Øã¦ã ÌãÓãà ãñ Á.1326ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãñ ÌãÓããĦã the previous year. ¦ãã Á.707 ãÀãñü¡ ÀÖã ý è Net investments of the Bank increased to è ÌãÓãà 2008-09 ãñ Á.31,215 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò ºãöã ãã Rs. 37,651 crore from Rs. 31,215 crore in 2008-09. ãä¶ãÌãÊã ãä¶ãÌãñÍã Á.37,651 ãÀãñü¡ ¦ãã ºã¤û Øã¾ããý è The percentage of priority sector advances è ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ 40% ½ãã¶ã⪡ãò ãñ ¹ãÆãä¦ã Ôã½ãã¾ããñãäã¦ã to Adjusted Net Bank Credit was at 40.59% ãä¶ãÌãÊã ºãöã £ããÀ ããè ¦ãìÊã¶ãã ½ãò ¹ãÆã©ããä½ãã¦ãã àãñ¨ã ããäØãƽããò ãã as against RBI norms of 40%. ¹ãÆãä¦ãÍã¦ã 40.59 % ÀÖãý è The agricultural credit portfolio of the Bank registered a growth of Rs. 1,780 crore from è Ôã½ããèàãã£ããè¶ã ÌãÓãà ½ãò ºãöã ãñ ãðãäÓã £ããÀ ¹ããñùããñãäÊã¾ããñ ¶ãñ Á.1,780 Rs. 10,817 crore to Rs. 12,597 crore in the ãÀãñü¡ ããè Ìãðãä® ªãà ããè Öõ ãäãÔãÔãñ ¾ãÖ Á.10,817 ãÀãñü¡ Ôãñ year under review. The Banks ratio of ºãü¤ ãÀ Á.12,597 ãÀãñü¡ Öãñ Øã¾ããý Ôã½ãã¾ããñãäã¦ã ãä¶ãÌãÊã ºãöã agricultural advances to Adjusted Net Bank £ããÀ ããè ¦ãìÊã¶ãã ½ãò ºãöã ãñ ãðãäÓã ããäØãƽã ãã ¹ãÆãä¦ãÍã¦ã 18.77% Credit at 18.77% exceeded the 18% norm. The Bank took a number of initiatives to ÀÖã ããñ ãäã ãä¶ã£ããÃãäÀ¦ã 18% ½ãã¶ãªâ¡ ãã ããä£ãØã½ã¶ã Öõý ºãöã ¶ãñ increase the flow of credit to this sector. Ôã àãñ¨ã ½ãò £ããÀ ¹ãÆÌããÖ ããñ ºãü¤ã¶ãñ ãñ ãäÊã ãà ¹ãÖÊã ãäã ý è The total exposure of the Bank as on March è 31 ½ããÞãà 2010 ¦ãã Ôã½ãà àãñ¨ã ½ãò ºãöã ãã ãìÊã £ããÀ 31, 2010 to SME sector stood at Rs. 11,660 Á.11,660 ãÀãñü¡ ÀÖãý ºãöã ¶ãñ ããùãñ ãäÀãÍãã ,̾ããÌãÔãããä¾ãã crore. The Bank has executed MOUs with the private sector for financing of auto ãä¦ã¹ããäÖ¾ãã ÌããÖ¶ã ,Èã ããõÀ ̾ããÌãÔãããä¾ãã ¹ããäÀÌãÖ¶ã ÌããÖ¶ã ãñ rickshaws, commercial three wheelers, trucks ãäÌ㦦ã¹ããñÓã¥ã ãñ ãäÊã ãä¶ãããè àãñ¨ã ãñ Ôãã©ã Ôã½ã¢ããõ¦ãã ãã¹ã¶ã ãã and commercial transport vehicles. ãä¶ãÓ¹ã㪶ã ãäã¾ãã Öõý è The CD Ratio registered a level of 72.91% è ãäÀ¹ããñãäÄØã ãÌããä£ã ãñ ãâ¦ã ¦ãã £ããÀ ã½ãã ã¶ãì¹ãã¦ã ¶ãñ 72.91% as at the end of the reporting period. ãñ Ô¦ãÀ ããñ ÖããäÔãÊã ãÀ ãäÊã¾ããý è The Banks Net Profit as a percentage of Average Networth as of 31.03.2010 stood at è 31.03.2010 ¦ãã ãñ ãäÊã ããõÔã¦ã ãä¶ãÌãÊã ½ãîʾã ããè ¦ãìÊã¶ãã ½ãò 11.97%. ºãöã ãã ãä¶ãÌãÊã Êãã¼ã 11.97% ÀÖãý è Total Net Interest Income improved to Rs. è ãä¹ãÊãñ ÌãÓãà ãñ Á.2,870 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò Ôã ãÌããä£ã ãñ 3,168 crore when compared to Rs. 2,870 crore last year, registering a growth of ªãõÀã¶ã ãìÊã ãä¶ãÌãÊã º¾ããã ãã¾ã ºãü¤ãÀ Á. 3,168 ãÀãñü¡ ¦ãã 10.39%. ¹ãÖìúÞã Øã¾ããè, ããñ ãäã 10.39% ããè Ìãðãä® Öõý
5 è ÌãÓãà ãñ ãäÊã ãä¶ãÌãÊã º¾ããã ½ãããäãöã 2.74% ÀÖã ý è Net Interest Margin stood at 2.74% for the year. è ºãöã ããè ãìÊã ãã¾ã Øã¦ã ÌãÓãà ãñ Á. 11,237 ãÀãñü¡ ããè ¦ãìÊã¶ãã è The Banks total income stood at Rs. 11,389 ½ãñ Ôã ÌãÓãà ãñ ãâ¦ã ½ãñâ Á.11,389 ãÀãñü¡ ÀÖãè ý crore as against Rs. 11,237 crore for the previous year. è ¹ãÆãä¦ã ã½ãÃÞããÀãè ̾ãã¹ããÀ ãÖãú Á.6.89 ãÀãñü¡ Ôãñ ºãü¤ãÀ Á.7.12 ãÀãñü¡ Öãñ Øã¾ãã, ÌãÖãé ¹ãÆãä¦ã ã½ãÃÞããÀãè Êãã¼ã Øã¦ã ÌãÓãà ãñ Á. 5.20 è While the business per employee has improved from Rs 6.89 crore to Rs. 7.12 Êããã ããè ¦ãìÊã¶ãã ½ãò 2.63 Êããã ÀÖã ý crore, the profit per employee stood at Rs 2.63 Lacs as against Rs 5.20 Lacs for the è ½ããÞãà 2010 ¦ãã ÔããÊã ã¶ããÃã ãããäÔ¦ã Á.3,611 ãÀãñü¡ ÀÖãèý previous year. ¹ãÆãä¦ãÍã¦ã ãñ Ôã⪼ãà ½ãò 31.03.2009 ãñ 2.54% ãñ ¹ãÆãä¦ã ÔããÊã ã¶ããÃã ãããäÔ¦ã ã¶ãì¹ãã¦ã 4.47% ÀÖãý ÌãÓãà ãñ ªãõÀã¶ã ãä¶ãÌãÊã è Gross NPA stood at Rs. 3,611 crore in March 2010. In percentage terms, the Gross NPA ã¶ããÃã ãããäÔ¦ã ã¶ãì¹ãã¦ã 31.03.2009 ãñ 1.33% ããè ¦ãìÊã¶ãã ratio was 4.47% as at 31.03.2010 as against ½ãñ 2.52 % ÀÖã ý 2.54% as at 31.03.2009. Net NPA ratio stood at 2.52% for the year under review as against è ÌãÓãà 2009-10 ãñ ãäÊã ãä¶ãªñÍãã ½ãâ¡Êã ¶ãñ 35% Êãã¼ããâÍã ããè 1.33% as at 31.03.2009. ãäÔã¹ãããäÀÍã ããè Öõý è A dividend of 35% has been recommended by the Board of Directors for the year 2009-10. 31.03.2010 ããñ Ôã½ã㹦ã ÌãÓãà ãñ ãäÊã ãã¹ããñ ºãöã ãã ¹ããäÀÞããÊã¶ãØã¦ã Êãã¼ã 26.91% Ôãñ ãäØãÀãÀ Á. 1845 ãÀñãü¡ Öãñ Øã¾ãã ããõÀ ãä¶ãÌãÊã Your Banks Operating Profit fell by 26.91% to Êãã¼ã 46.68 % Ôãñ ãäØãÀãÀ Á. 707 ãÀãñü¡ ÀÖãý ¾ãÖ ãäØãÀãÌã 㶾ã Rs. 1845 crore and Net Profit fell by 46.68% to Rs. 707 crore for the year ended 31.03.2010 due ãã¾ã ãõÔãñ ÈñãÀãè ãã¾ã, ããäØãƽããò ½ãâñ ã½ã Ìãðãä® ããõÀ ãÍããñ£¾ã ¨ãÉ¥ã to fall in other income including treasury income, ããõÀ Ìãñ¦ã¶ã ÔãâÍããñ£ã¶ã ãñ ãäÊã ÞÞã ¹ãÆãÌã£ãã¶ã ãñ ããÀ¥ã ãã¾ããè ý 2009 lower growth in advances and higher provisioning ½ãâñ ÌãõãäÍÌãã ½ãâªãè ãñ ããÀ¥ã Ö½ããÀñ £ããÀã¦ããÃããò ããè Þãìã¦ãã¶ã àã½ã¦ãã for bad debts and for wage revision. The downturn ¹ãƼãããäÌã¦ã Öìà ããõÀ ãÍããñ£¾ã ¨ãɥ㠹ãƽãìã¦ã: ºãìãä¶ã¾ããªãè ¤ãâÞãñ , ¹ãÆã©ããä½ãã¦ãã in the global economy that was witnessed in 2009 has impacted the repayment capacity of our àãñ¨ã , ããÀãñºããÀãè ãäÌ㦦¹ããñÓã¥ã ããõÀ ¼ãîÔãâ¹ãªã àãñ¨ããò ½ãñâ Öìãã ý ã¶ããÃã borrowers and bad debts were added mainly in ãããäÔ¦ã¾ããò ½ãñâ ºãü¤ãñ¦ãÀãè ãñ ããÀ¥ã ã¶ããÃã ãã¦ããò ¹ãÀ º¾ããã ããè Øã¥ã¶ãã the infrastructure, priority sector, trade finance ¶ãÖãé Öãñ Ôãããè ãäãÔããñ ããÀ¥ã º¾ãããØã¦ã ãã¾ã ¹ãÀ ªìÓ¹ãƼããÌã ¹ãü¡ã ý and real estate sectors. Increase in NPAs also results in non reckoning of interest on NPA ãã¹ããñ ºãöã ½ãñâ ãÍããñ£¾ã ¨ãÉ¥ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã 48% Ôãñ ºãü¤ããÀ 54 accounts, adversely affecting interest income. % ãÀ ã䪾ãã Øã¾ãã Öõ ããõÀ ãäÔã¦ãâºãÀ 2010 ¦ãã ¾ãÖ 70% ¦ãã ¹ãÖìúÞã¶ãñ Your Bank has increased its provisioning for bad ããè Ôãâ¼ããÌã¶ãã Öõ ¾ãã ºã㪠½ãñâ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãõÔãã ããä£ãªñÍã ªñ¦ãã debts to 54% from 48% and expects to reach Öãñ ÌãõÔãã Öãññ¶ãñ ããè Ôãâ¼ããÌã¶ãã Öõý the 70% provisioning norm by September 2010 or later as mandated by Reserve Bank of India.
ãâ¦ãÀãÃÓÈãè¾ã Ô¦ãÀ ãñ ºãöã Öãñ¶ãñ ãñ ¶ãã¦ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ As a Bank with international presence, we have ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ 31 ½ããÞãà 2008 Ôãñ ÔãâÍããñãä£ã¦ã ¶ã¾ããè ¹ãîúããèØã¦ã already moved to the revised New Capital ¹ã¾ããù¦ã¦ãã ¹ãÆ¥ããÊããè -(ºãñÔãÊã ýý) ããñ Ö½ã ã¹ã¶ãã Þãìãñ Öõý ºãñÔãÊã ýý Adequacy Framework (BASEL II) from 31st March ¤ãúÞãñ ãñ ã¶ãìÔããÀ 31.03.2010 ¦ãã ãñ ãäÊã ÔããèããÀããÀ 14.78% 2008 in line with RBI guidelines. CRAR as per BASEL-II framework as on 31.3.2010 works out Öõ ããñ ãäã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã 9% ããè ã¹ãñàãã Ôãñ to 14.78% which is above the requirement of 9% ããä£ãã Öõý prescribed by RBI.
ÔãÖ ºãöãäãâØã àãñ¨ã ½ãâñ ºãöã ãã ½ãì¾ã £¾ãã¶ã Ö½ããÀñ ºããè½ãã ¦¹ããªãò , ÔÌã¥ãà In the area of para-banking, focus was directed on marketing of insurance products, sale of gold ãäÔããããò ããè ãäºãããè ããõÀ ÔãîÞã¶ãã ¹ãÆãõ²ããñãäØãããè ¾ãìã¦ã ¦¹ããªãò ãñ ãäÌã¹ã¥ã¶ã coins and IT enabled products. Periodic ¹ãÀ ãñã䶳¦ã ÀÖã ããõÀ Ö½ããÀãè ÍãìÊã ãã£ãããäÀ¦ã ãã¾ã ½ãñâ Ôãì£ããÀ ãÀ¶ãñ ãñ campaigns were conducted at our branches to ãäÊã Íããããããñâ ½ãò ãä¶ã¾ããä½ã¦ã ¹ã Ôãñ ããä¼ã¾ãã¶ã ÞãÊãã Øã ý ÍãìÊã improve our fee based income. The fee based
6 ãã£ãããäÀ¦ã ãã¾ã 31.03.2009 ãñ Á. 15.27 ãÀãñü¡ Ôãñ ºãü¤ãÀ ã䪶ããâã income which was Rs.15.27 crores as on 31/3/ 31.3.2010 ããñ 23.47 ãÀãñü¡ Öãñ Øã¾ããý ØãõÀ ããèÌã¶ã ºããè½ãã ¦¹ããªãò ãñ 2009 has gone up to Rs.23.47crores as on 31/ 3/2010. The Bank continues with its Corporate ãäÌã¦ãÀ¥ã Öñ¦ãì 20.12.2008 Ôãñ ãã¹ããñ ºãöã ¶ãñ ¾ãîãä¶ãÌãÔãÃÊã Ôããò¹ããñ ã¶ãÀÊã Agency arrangement entered into, with effect from â;ãîÀòÔã ãâ¹ã¶ããè (ÊããÖãºã㪠ºãöã, ã¥ããÃã ºãöã, ¡ãºãÀ ¶ÌãñÔ½ãò 20.12.2008, with Universal Sompo General ãã¹ããóÀñÍã¶ã ããõÀ Ôããò¹ããñ ãã¹ãã¶ã â;ããñÀòÔã âã. ÔããäÖ¦ã ØãõÀ ããèÌã¶ã ºããè½ãã Insurance Company Limited (the Non-Life Ôãâ¾ãìã¦ã ²ã½ã ãâ¹ã¶ããè) ãñ Ôãã©ã ãã¹ããóÀñ ããä¼ããÀ¥ã ̾ãÌãÔ©ãã ãä¶ã¾ã¦ã ããè Insurance Joint Venture Company of your Bank with Allahabad Bank, Karnataka Bank, Dabur Öõ ý Investment Corporation and Sompo Japan Insurance Inc.) for distribution of non-life insurance ãÖãú ¦ãã ãäÌãªñÍããè ¹ããäÀÞããÊã¶ããò ãã ½ãã½ãÊãã Öõ,ÌãÖãâ ¦ããñ ºãöã ããè products. ãäÌãªñÍã ½ãò : ¹ãî¥ãùãñ¥ã Íããããú Öö - ªãñ ÖãúØãããúØã ½ãò ããõÀ ã - ã ãäÔãâØãã¹ãìÀ, ªãäàã¥ã ããñãäÀ¾ãã, ÑããèÊãâãã ããõÀ ©ããÃÊãö¡ ½ãò ãäÔ©ã¦ã As regards our overseas operations, we have six full-fledged overseas branches two in Hong Ööý ºãî¶ãÊãñ ããõÀ ÔãñÀâØãî¶ã, ãäÔãâØãã¹ãîÀ ½ãò ¹ãÆñÓã¥ã ãò³ ãã¾ãÃÀ¦ã Öö ããõÀ Kong and one each in Singapore, South Korea, ÑããèÊãâãã ½ãò ã ¹ã Íãããã ¼ããè ãã¾ãÃÀ¦ã Öõý Sri Lanka and Thailand. Remittance Centres function in Boon Lay and Serangoon, Singapore Ôããñ ãÊããÌãã ØãìããâØã¢ãã , Þããè¶ã Ìã ãìããÊããÊãâ¹ãîÀ, ½ãÊãñãäÍã¾ãã while an Extension Counter is located in Sri Lanka. ¦ã©ãã Öãñ ãäÞã ãä½ãââÖ ãäÔããè,ãäÌã¾ã¦ã¶ãã½ã, ãÊã ãÀã½ãã,ªìºãà ½ãò The Banks Representative Offices are located in ºãöã ãñ ¹ãÆãä¦ããä¶ããä£ã ãã¾ããÃÊã¾ã ½ããõãîª Ööý ÌãÓãà ãñ ªãõÀã¶ã ºãöã Guangzhou, China and Kuala Lumpur, Malaysia, ¶ãñ ªìºãà ½ãò ¹ãÆãä¦ããä¶ã£ã ãã¾ããÃÊã¾ã ããè ÍãìÂãã¦ã ããè Öõ ããõÀ Ho Chi Minh City, Vietnam and Al Karama, Dubai. ¹ãÀÌãÀãè 2010 Ôãñ ãã¾ããÃÊã¾ã ¹ãî¥ãà ¹ã Ôãñ ãã¾ãÃÀ¦ã Öõ ý During the year, the Bank has opened Representative Office at Dubai and the office has ½ãÊãñãäÍã¾ãã ½ãñ ºãöãäãâØã ã¶ãìÓãâØããè ããñÊã¶ãñ ãñ ãäÊã ºãöã ¶ãñ become fully operational since February 2010. ºãöã ããù¹ã ºãü¡ãõªã ããõÀ ã㶣ãÆã ºãöã ãñ Ôãã©ã Ôãâ¾ãìã¦ã ¹ãã½ã The Bank has signed a joint venture agreement ãÀãÀ ¹ãÀ ÖÔ¦ããàãÀ ãäã¾ãã Öõ ý ã¶ãìÓãâØããè ¶ãñ ½ãÊãñãäÍã¾ãã ãñ with Bank of Baroda and Andhra Bank to open ãñ¶³ãè¾ã ºãöã, ºãöã ¶ãñØããÀã Ôãñ ÊããÔãòÔã ãñ ãäÊã ããÌãñª¶ã a Banking subsidiary in Malaysia. The subsidiary has applied for license from Bank Negara, the ãäã¾ãã Öõ ý Central Bank of Malaysia. ºãñÖ¦ãÀ ããõ²ããñãäØãã Ôãâºãâ£ã ãã ÔãâÌã®Ã¶ã Ö½ããÀñ ºãöã ãã ½ãì¾ã Promotion of good industrial relations continues Êãà¾ã Öõ ý to be an objective of our Bank. During the year under review, globally, recovery Ôã½ããèàãã£ããè¶ã ãÌããä£ã ãñ ªãõÀã¶ã ã¹ãƦ¾ãããäÍã¦ã ãããä©ãÃã ½ãâªãè in the advanced economies from the ãñ ããÀ¥ã ãã£ãìãä¶ãã ã©ãÃ̾ãÌãÔ©ãã ½ãâñ ÌãÔãîÊããè £ããè½ããè ÀÖãè Öõý unprecedented economic crisis is slow. In this Ôã ¹ãðÓ¼ãîãä½ã ½ãñâ ¼ãÀ¦ããè ºããããÀ ã©ãÃ̾ãÌãÔ©ããããò ¹ãÀ background Emerging Market Economies ½ãì³ãÔ¹ããèãä¦ãããÀãè( à ½ã à ) ªºããÌã ÀÖ¶ãñ ãñ ºããÌããîª ¼ããÀ¦ã (EMEs)(of which India is one), although facing inflationary pressures, are showing significant signs ½ãñâ ÌãÔãîÊããè ãñ ãÞñ Ôãâãñ¦ã ãäªããà ªñ ÀÖñ Öö ý ªñÍããè Ô¦ãÀ ¹ãÀ of recovery. In the domestic front, the economic ãããä©ãÃã ¹ãì¶ãÃÊãã¼ã ½ãò ÊãØãã¦ããÀ Ôãì£ããÀ ¼ããÀ¦ããè¾ã ã©ãÃ̾ãÌãÔ©ãã recovery, which shows evidence of sustained ããõÀ Ôããñ ãäÌ㦦ããè¾ã àãñ¨ã ãñ ÊãÞããèÊãñ Öãñ¶ãñ ãã ¹ããäÀÞãã¾ãã Öõý improvement, stands testimony to the resilience ¼ããÀ¦ã ½ãò ÌãõãäÍÌãã ½ãâªãè ãñ ªìÓ¹ãƼããÌã ããñ ã½ã ãÀ¶ãñ ½ãâñ ¼ããÀ¦ããè¾ã of the Indian economy and its financial sector. RBIs intervention and regulation was largely ãäÀãÌãà ºãöã ãã ÖÔ¦ãàãñ¹ã ããõÀ ãäÌããä¶ã¾ã½ã¶ã ̾ãã¹ãã ¹ã Ôãñ responsible for mitigating the adverse impact of ãäã½½ãñªãÀ Öö ý ¼ããÀ¦ã ãã Ìãðãä® ØãÆã¹ã ÌãõãäÍÌãã ¹ããäÀÒ;ã Ôãñ the global crisis in India. Indias growth curve is Êã Öõ ý ãä¹ãÀ ¼ããè ÔããÌã£ãã¶ããè ãñ ¦ããõÀ ¹ãÀ ¾ãÖ ¶ããñ ãäã¾ãã in sharp contrast to the overall global scenario. ãã¶ãã ÞãããäÖ ãäã ¾ã²ããä¹ã ¼ããÀ¦ã ½ãâñ ÌãÔãîÊããè ÜãÀñÊãî ½ããâØã ´ãÀã However on a note of caution, it is imperative to note that while recovery in India is largely ÔãâÞãããäÊã¦ã Öãñ¶ãñ ããè ã¹ãñàãã Àã¦ãã Öõ ãä¹ãÀ ¼ããè ÌãõãäÍÌãã ¦ããã¦ãñ expected to be driven by domestic demand, the Ôãìãä¶ããäÍÞã¦ã ãÀ Ôãã¦ããè Öö ãäã ÌãõãäÍÌãã Ìãã¦ããÌãÀ¥ã ½ãñâ forces of globalization could ensure that negative ¶ãããÀ㦽ãã ãäÌãããÔã ãñ ããÀ¥ã ¼ããÀ¦ããè¾ã ã©ãÃ̾ãÌãÔ©ãã ¹ãÀ ãÔãÀ developments in the global environment would
7 ¹ãü¡ñý ¡ºÊã¾ãî ¹ããè ãã (©ããñã ½ãîʾã ÔãîÞãããâã ) ãäÔã¦ãâºãÀ 2009 impact the Indian economy. Further, inflation has ½ãò 0.5% ããè ¦ãìÊã¶ãã ½ãâñ ½ããÞãà 2010 ½ãò 9.9% ÀÖã ãäãÔãÔãñ accentuated in the last quarter of 2009-10 with the Whole Sale Price Index accelerating from ÌãÓãà 2009-10 ããè ãããäãÀãè ãä¦ã½ããÖãè ½ãò ½ãì³ã ãäÔ¹ããèãä¦ã ¹ãƺãÊã 0.5% in September 2009 to 9.9% in March 2010, ÀÖãè Öõý ¹ããäÀ¥ãã½ãÔÌã¹㠶ããèãä¦ãØã¦ã ãã£ããÀ ¹ãÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãà resulting in RBIs policy focus shifting to the ºãöã ãã £¾ãã¶ã ½ãì³ã Ô¹ããèãä¦ã ããñ ã½ã ãÀ¶ãñ ããè ããñÀ Öãñ containing of inflation. Øã¾ããý Looking forward, your Bank faces exciting business opportunities in future. Our inherent ¼ããäÌãӾ㠽ãò ãã¹ããñ ºãöã ãñ ¹ããÔã ¦ÔããÖã¶ãã ãÌãÔãÀ ¼ããè Öö ý Ö½ããÀãè strengths are our potential, our wide network of 㶦ãÃãä¶ããäÖ¦ã Íããäã¦ã Öõ Ö½ããÀãè àã½ã¦ãã, Ö½ããÀã ãäÌãÔ¦ãð¦ã Íãããã ¶ãñÌããà branches and our long term vision. These will ããõÀ Ö½ããÀãè ªãèÜãÃãããäÊãã ÒãäÓý ¶ããñ ããÀ¥ã ֽ㠶ã ãÌãÔãÀãò ãã enable us to capitalize on the opportunities and Êãã¼ã ã Ôãã¦ãñ Öö ããõÀ ²ããñØã ½ãâñ ½ããõãîª Þãì¶ããõãä¦ã¾ããò ãã Ôãã½ã¶ãã ãÀ face the challenges in the Industry so as to consolidate our market position and deliver our Ôãã¦ãñ Öö ¦ãããäã ã¹ã¶ãñ ºããããÀ ãäÔ©ããä¦ã ãã Ôã½ãñã¶ã ãÀ Ôããñ ããõÀ Ö½ããÀñ commitment to generate value and returns for Ôñã £ããÀããñâ ¾ã©ãã ØãÆãÖããò, Íãñ¾ãÀ£ããÀããò ããõÀ ã½ãÃÞãããäÀ¾ããò ãñ ãäÊã our customers, shareholders and employees. ½ãîʾã ããõÀ Êãã¼ã ãã Ôãðã¶ã ãäã¾ãã ãã Ôããñ ý As always, your Bank relies on the continuing trust and support of our shareholders and we ãõÔãã ãäã ãã¹ããã ºãöã ÔãªõÌã ã¹ã¶ãñ Íãñ¾ãÀ£ããÀããò ãñ ãäÌãÍÌããÔã ããõÀ take this opportunity to thank the shareholders ÔãÖ¾ããñØã ããñ ºã¶ãã Àã¦ãã Öõ,Ôã ãÌãÔãÀ ¹ãÀ ºãöã ãñ ªÍãöã ãñ ¹ãÆãä¦ã for their commitment to the Banks vision over ã¹ã¶ããè ¹ãÆãä¦ãºã®¦ãã ãñ ãäÊã Íãñ¾ãÀ £ããÀããâñ ãñ ¹ãÆãä¦ã ÍãìãØãìûããÀ Ööý the years. ãã¹ããã , Yours sincerely,
Ôã ¼ã S A BHAT 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã Chairman and Managing Director
8 Íãñ¾ãÀ£ããÀããò ããñ ÔãîÞã¶ãã NOTICE TO SHAREHOLDERS ¦ãªá´ãÀã ÔãîÞã¶ãã ªãè ãã¦ããè Öõ ãäã ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ Íãñ¾ãÀ£ããÀããò Notice is hereby given that the TENTH Annual ããè ªÔãÌããé ÌãããäÓãÃã Ôãã½ã㶾㠺ãõã ½ãâØãÊãÌããÀ 20 ãìÊããÃ, 2010 ããñ General Meeting of the shareholders of INDIAN OVERSEAS BANK will be held on Tuesday, the 20th ¹ãîÌããÃÖ¶ã 10.00 ºããñ ¶ããÀª Øãã¶ã Ôã¼ãã, (ÔãªáØãìÁ ãã¶ãã¶ã⪠ÖãÊã), 314, July 2010 at 10.00 A.M. at Narada Gana Sabha, ãèãèãñ Àãñ¡, Þãñ¸ãõ - 600 018 ½ãò ãä¶ã½¶ããäÊããäã¦ã ãã¾ããô Öñ¦ãì ãã¾ããñãäã¦ã (Sathguru Gnananda Hall) 314 TTK Road, Chennai ããè ããØããè ý ½ã 600 018, to transact the following business : 1. To discuss, approve and adopt the Audited 1. 31 ½ããÞãÃ, 2010 ããè ãäÔ©ããä¦ã ã¶ãìÔããÀ ºãöã ãñ ¦ãìÊã¶ã-¹ã¨ã, 31 Balance Sheet of the Bank as at 31st March ½ããÞãÃ, 2010 ããñ Ôã½ã㹦ã ÌãÓãà ãñ ãäÊã Êãã¼ã-Öããä¶ã ãã¦ãñ, Êãñãã 2010, Profit and Loss Account of the Bank st ãÌããä£ã ãñ ªãõÀã¶ã ºãöã ãñ ãäã¾ãããÊãã¹ããò ããõÀ ãã¾ãÃ-̾ãÌãÖãÀ ¹ãÀ for the year ended 31 March 2010, the report of the Board of Directors on the ãä¶ãªñÍãã ½ãâ¡Êã ããè ãäÀ¹ããñà ããõÀ ¦ãìÊã¶ã ¹ã¨ã ¦ã©ãã Êãñããò ¹ãÀ Êãñãã working and activities of the Bank for the ¹ãÀãèàãããò ããè ãäÀ¹ããñà ¹ãÀ ÞãÞããà ãÀ¶ãã, ã¶ãì½ããñª¶ã ããõÀ ÔÌããèããÀ period covered by the accounts and the ãÀ¶ãã ý Auditors report on the Balance Sheet and Accounts. 2 ãäÌ㦦ããè¾ã ÌãÓãà 2009-10 ãñ ãäÊã Êãã¼ããâÍã ÜããñãäÓã¦ã ãÀ¶ãã ý 2. To declare dividend for the financial year 2009-10. ãä¶ãªñÍãã ½ãâ¡Êã ãñ ããªñÍãã¶ãìÔããÀ BY ORDER OF BOARD OF DIRECTORS
Þãñ¶¶ãõ (Ôãû û ¼ã) Chennai (S A BHAT) 29-05-2010 㣾ãàã Ìãâ ¹ãƺãâ£ã ãä¶ãªñÍãã 29.05.2010 Chairman and Managing Director ¶ããñ NOTES 1. ¹ãÆãùãÔããè ããè ãä¶ã¾ãìãä§ã 1. APPOINTMENT OF PROXY : ºãõã ½ãò ¹ããäÔ©ã¦ã Öãñ¶ãñ ããõÀ Ìããñ ãÀ¶ãñ ãñ ãäÊã ¹ãã¨ã Íãñ¾ãÀ£ããÀã A SHAREHOLDER ELIGIBLE TO ATTEND AND VOTE, ÔÌã¾ãâ ã¹ã¶ãñ Ô©ãã¶ã ¹ãÀ ¹ããäÔ©ã¦ã Öãñ¶ãñ ããõÀ Ìããñ ãÀ¶ãñ ãñ ãäÊã IS ENTITLED TO APPOINT A PROXY TO ATTEND ãäãÔããè ¹ãÆããÔããè ããñ ãä¶ã¾ãìã¦ã ãÀ¶ãñ ãñ ãäÊã ¹ãã¨ã Öõ ããõÀ ¹ãÆããÔããè AND VOTE INSTEAD OF HIMSELF / HERSELF AND SUCH PROXY NEED NOT BE A SHAREHOLDER ºãöã ãã Íãñ¾ãÀ£ããÀã Öãñ, ¾ãÖ ûãÂÀãè ¶ãÖãé Öõý OF THE BANK. ºãÖÀÖãÊã ¹ãÆãä¦ããä¶ããä£ã ããè ãä¶ã¾ãìãä§ã ãñ Ôãâºãâ£ã ½ãò ¹ã¨ã, ºãöã ãñ ãñ¶³ãè¾ã The instrument appointing proxy should, however be deposited at the Central Office ãã¾ããÃÊã¾ã (ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã, ãä¶ãÌãñÍãã Ôãâ¹ããà ãàã, of the Bank (Indian Overseas Bank, Investor Êãñãã ãäÌã¼ããØã, ãò³ãè¾ã ãã¾ããÃÊã¾ã, 763 㥥ãã ÔããÊãõ, Þãñ¸ãõ 600 Relations Cell, Accounts Department, Central 002) ½ãò ºãõã ¹ãÆãÀâ¼ã Öãñ¶ãñ ãñ ÞããÀ ã䪶㠹ãÖÊãñ ã©ããæãá ØãìÁÌããÀ, Office, 763, Anna Salai, Chennai 600002) not 15 ãìÊããà 2010 ããñ ã¹ãÀãÙ¶ã 25.00 ºããñ ¦ãã ¾ãã less than four days before the date fixed for the meeting i.e. on or before 5.00 p.m. on ¹ãÖÊãñ ã½ãã ãÀ ªñ¶ãã ÞãããäÖý Thursday, 15th July 2010. 2. ¹ãÆããä£ããð¦ã ¹ãÆãä¦ããä¶ããä£ã ããè ãä¶ã¾ãìãä§ã : 2. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE : ããñà ¼ããè ̾ããä§ã ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ Íãñ¾ãÀ£ããÀããò ããè No person shall be entitled to attend or vote ãäãÔããè ¼ããè ºãõã ½ãò ¦ãºã ¦ãã ¼ããØã Êãñ¶ãñ ãñ ãäÊã ¹ãã¨ã ¶ãÖãé Öãñ at any meeting of the shareholders of Indian Ôãã¦ãã ¾ãã Ìããñ ¶ãÖãé ªñ Ôãã¦ãã ãºã ¦ãã ãäã Ôãñ ãäãÔããè ãâ¹ã¶ããè ãñ Overseas Bank as the duly authorized representative of a company unless a copy ãäÌããä£ãÌã¦ãá ¹ãÆããä£ããð¦ã ¹ãÆãä¦ããä¶ããä£ã ãñ ¹㠽ãò ãä¶ã¾ãì§ã ãÀ¦ãñ Öí of the resolution appointing him as a duly ¹ãããäÀ¦ã Ôãâãʹã ããè Ô㦾㠹ãÆãä¦ã, ããñ ãäã Ôã ºãõã ãñ 㣾ãàã ´ãÀã authorized representative, certified to be a ¹ãƽãããä¥ã¦ã ããè Öãñ,ãäãÔã½ãò ¹ãÆãä¦ããä¶ããä£ã ããè ãä¶ã¾ãìãä§ã ãã Ôãâãʹ㠹ãããäÀ¦ã true copy by the chairman of the meeting Öõ, ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ ãò³ãè¾ã ãã¾ããÃÊã¾ã (ã䥡¾ã¶ã at which it was passed, has been deposited at the Central Office of the Bank (Indian
9 ããñÌãÀÔããèûã ºãöã, ãä¶ãÌãñÍãã Ôãâ¹ããà ãàã, Êãñãã ãäÌã¼ããØã, ãò³ãè¾ã Overseas Bank, Investor Relations Cell, ãã¾ããÃÊã¾ã, 763 㥥ãã ÔããÊãõ, Þãñ¸ãõ 600 002) ½ãò ºãõã ããè Accounts Department, Central Office, 763, Anna Salai, Chennai 600002) not less than ãä¶ã¾ã¦ã ¦ããÀãèã Ôãñ ÞããÀ ã䪶㠹ãÖÊãñ ã©ããæã ØãìÁÌããÀ ã䪶ããâã 15 four days before the date fixed for the ãìÊããà 2010 ããñ ã¹ãÀãÙ¶ã 5.00 ºããñ ¦ãã ¾ãã ¹ãÖÊãñ meeting i.e., on or before 5.00 pm on ã½ãã ¶ãÖãé ããè ãã¦ããè Öõý Thursday, 15th July 2010. 3. No officer or employee of the Bank shall 3. ºãöã ãñ ãäãÔããè ¼ããè ããä£ãããÀãè ã©ãÌãã ã½ãÃÞããÀãè ããñ ãäãÔããè ¼ããè be appointed as Authorised Representative Íãñ¾ãÀ£ããÀã ãñ ¹ãÆããä£ããð¦ã ¹ãÆãä¦ããä¶ããä£ã ã©ãÌãã ¹ãÆãùãÔããè ãñ ¹㠽ãò or proxy of a shareholder. ãä¶ã¾ãì§ã ¶ãÖãé ãäã¾ãã ããØãã ý 4. ATTENDANCE SLIP-CUM-ENTRY PASS : 4. ¹ããäÔ©ããä¦ã ¹ãÞããê ÔãÖ ¹ãÆÌãñÍã ¹ãÞããê For the convenience of the shareholders, attendance slip-cum-entry pass is annexed Íãñ¾ãÀ £ããÀããò ããè ÔãìãäÌã£ãã Öñ¦ãì ¹ããäÔ©ããä¦ã ¹ãÞããèÃÔãÖ ¹ãÆÌãñÍã ¹ããÔã Ôã to this notice. Shareholders/proxy holders/ representatives are requested to affix their ÔãîÞã¶ãã ãñ Ôãã©ã ÔãâÊãضã Öõý Íãñ¾ãÀ £ããÀããò/¹ãÆãùãÔããè £ããÀããò/ signature at the space provided therein and ¹ãÆãä¦ããä¶ããä£ã¾ããò Ôãñ ã¶ãìÀãñ£ã Öõ ãäã Ìãñ ¹ãÞããê ½ãò ¹ãƪ§ã ãØãÖ ½ãò ã¹ã¶ãñ surrender the same at the venue. Proxy ÖÔ¦ããàãÀ ãÀò ããõÀ ºãõã ãñ Ô©ãã¶ã ½ãò ã¼¾ããä¹ãæã ãÀò ý ¹ãÆãùãÔããè / holders / representatives should state on the ¹ãÆãä¦ããä¶ããä£ã £ããÀããò ããñ ¹ããäÔ©ããä¦ã ÔãÖ ¹ãÆÌãñÍã ¹ãÞããê ½ãò ¹ãÆãùãÔããè/ attendance slip-cum-entry pass as proxy or representative as the case may be and ¹ãÆãä¦ããä¶ããä£ã £ããÀã, ããñ ¼ããè ÊããØãî Öãñ, ãâãäã¦ã ãÀ ªñ¶ãã Öõ ããõÀ should have proof of their identity by getting ¶ããñ ¹ããÔã ã¹ã¶ããè ¹ãÖÞãã¶ã ãñ ¹ãƽãã¥ã ÔÌã¹ã Íãñ¾ãÀ£ããÀã ´ãÀã their signature attested by the shareholder. ¶ããñ ÖÔ¦ããàãÀ ããä¼ã¹ãƽãããä¥ã¦ã Öãñ¶ãñ ÞãããäÖ ý 5. CLOSURE OF REGISTER OF SHAREHOLDERS : 5. Íãñ¾ãÀ £ããÀããò ããè ÀãäãÔÀ ããñ ºã⪠ãÀ¶ãã The Register of Shareholders and Share Transfer Books of the Bank will remain closed Êãã¼ããâÍã ãñ ÿñ;ã ãñ ãäÊã ¹ãã¨ã¦ãã ãä¶ã£ããÃãäÀ¦ã ãÀ¶ãñ ãñ ãäÊã from 29.05.2010 (Saturday) to 4.6.2010 (Friday) (both days inclusive) with cut off date Íãñ¾ãÀ£ããÀããò ããè ÀãäãÔÀ ããõÀ ºãöã ããè Íãñ¾ãÀ ãâ¦ãÀ¥ã ºããäÖ¾ããú as 28.05.2010 for determining eligibility of 28.05.2010 ¦ãã ããè ã ããù¹ã ¦ããÀãèã ÔããäÖ¦ã, 29.05.2010 shareholders for the purpose of dividend. (Íããä¶ãÌããÀ) Ôãñ 04.06.2010 (ÍãìãÌããÀ) ¦ãã ºã⪠ÀÖòØããè (ªãñ¶ããò Dividend shall be mailed within one month ã䪶ã Ôããä½½ããäÊã¦ã )ý Êãã¼ããâÍã ÌãããäÓãÃã Ôãã½ã㶾㠺ãõã ããè ¦ããÀãèã from the date of Annual General Meeting. Ôãñ ã ½ãÖãè¶ãñ ãñ ãâªÀ ¼ãñã ã䪾ãã ããØããý 6. BANK MANDATE FOR DIVIDEND OR ELECTRONIC CLEARING SERVICE (ECS) : 6. Êãã¼ããâÍã ãñ ãäÊã ºãöã-ããä£ãªñÍã ¾ãã ÊãñãÈãùãä¶ãã Ôã½ããÍããñ£ã¶ã a) In order to get protection from fraudulent ÔããäÌãÃÔã (ÔããèÔã) encashment of warrants, shareholders are requested to furnish their bank account ã) Êãã¼ããâÍã ÌããÀâãò ãñ £ããñãã£ãü¡ãè¹ãî¥ãà ¶ããªãèãÀ¥ã Ôãñ ºãÞã¶ãñ number, the name of the bank and the ãñ ãäÊã Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã ãäã¾ãã ãã¦ãã Öõ ãäã Ìãñ branch where they would like to deposit the dividend warrants for encashment. ¶ããªãèãÀ¥ã ãñ ãäÊã Êãã¼ããâÍã ÌããÀâãò ããñ ãäãÔã ºãöã Íãããã These particulars along with the name ½ãò ã½ãã ãÀÌãã¶ãã ÞããÖ¦ãñ Öö, Ôã ºãöã ãã ¶ãã½ã ããõÀ ã¹ã¶ãñ of the shareholder will be printed on the ãã¦ãñ ããè Ôãâ¾ãã ãã ÊÊãñã ãÀòý ¾ãñ º¾ããñÀñ, Íãñ¾ãÀ£ããÀã cheque portion of the dividend warrants, so that these warrants cannot be ãñ ¶ãã½ã ãñ ãÊããÌãã, Êãã¼ããâÍã ÌããÀâ ãñ Þãñã ÌããÊãñ ãäÖÔÔãñ encashed by anyone else. The above ½ãò ½ãìã䳦ã ãäã ããúØãñ ¦ãããäã ãäãÔããè 㶾ã ̾ããä§ã ´ãÀã ¶ã mentioned details should be furnished by ÌããÀâãò ãã ¶ããªãèãÀ¥ã ¶ã ãäã¾ãã ãã Ôããñý ¾ããäª Íãñ¾ãÀ£ããÀã the first / sole shareholder in case of ãñ ¹ããÔã ¼ããñãä¦ãã Á¹ã ½ãò Íãñ¾ãÀ Öãñ ¦ããñ ¹ã¾ãìç㠺¾ããñÀñ ¹ãÆ©ã½ã/ shareholders holding shares in physical form, directly to the share transfer agent ãÊã Íãñ¾ãÀ£ããÀã ´ãÀã Ôããè£ãñ Íãñ¾ãÀ 㶦ãÀ¥ã ãò ããñ quoting the Folio No. and the number ãäª ãã¶ãñ ÞãããäÖ ãäãÔã½ãò ãäã ¹ããñãäÊã¾ããñ Ôãâ¾ãã ã©ãÌãã ¡ãè¹ããè of shares held on or before 05.07.2010. ãã¡ãè Ôãâ¾ãã Ìãâ ãÊããâ ãã¡ãè Ôãâ¾ãã ããõÀ £ãããäÀ¦ã If shareholders choose not to submit any modification, the warrants will be printed Íãñ¾ãÀãò ããè Ôãâ¾ãã 05.07.2010 ¦ãã ¾ãã ¹ãÖÊãñ ªãè ãã¶ããè based on bank mandate earlier received
10 ÞãããäÖý ¾ããäª Íãñ¾ãÀ £ããÀã ããñà ããÍããñ£ã¶ã ¹ãÆÔ¦ãì¦ã ãÀ¶ãñ by the Registrar or data downloaded from ãã Þã¾ã¶ã ¶ãÖãé ãÀ¦ãã, ñÔããè ãäÔ©ããä¦ã ½ãò ¡ãè½ãõ Íãñ¾ãÀ £ããÀããò NSDL / CDSL as on 28.05.2010 for demat shareholders. This is applicable ãñ ãäÊã 28.05.2010 ããñ ÀãäãÔÈãÀ ´ãÀã ¹ãÆ㹦㠹ãîÌãà ½ãò for all shareholders who have not ºãöã ãñ ½ãñ¶ã¡ñ ã©ãÌãã ¶ãÔã¡ãèÊã / Ôããè¡ãèÔãÊã Ôãñ submitted ECS mandate(s). ¡ã¶ãÊããñ¡ ãäã Øã ããã¡ãò ¹ãÀ ãã£ãããäÀ¦ã ÌããÀâ ½ãìã䳦ã b) The Bank is also offering the facility of ãäã¾ãã ããØããý ¾ãÖ Ôã¼ããè Íãñ¾ãÀ £ããÀããò ¹ãÀ ÊããØãî ÖãñØãã ECS Direct Credit for those shareholders ãäã¶Öãò¶ãñ ÔããèÔã ããä£ãªñÍã ¹ãÆÔ¦ãì¦ã ¶ãÖãé ãäã¾ãã Öõ ý who maintain accounts with IOB branches residing in specified cities. This facility ãã) ºãöã ãä¶ããäªÃÓ ÍãÖÀãò ½ãò ÀÖ¶ãñ ÌããÊãñ Íãñ¾ãÀ£ããÀããò ããñ ããããñºããè could be used by the shareholder instead of the Bank Mandate system for receiving ãñ Íããããããò ½ãò ãã¦ãã Àã¦ãñ Öö, ãñ ãäÊã ÃÔããèÔã ¹ãƦ¾ãàã the credit of dividend. The ECS Option ã½ãã ÔãìãäÌã£ãã ¹ãƪã¶ã ãÀ ÀÖã Öõý Êãã¼ããâÍã ã½ãã ãñ ãäÊã Form is annexed to this report. ºãöã ããä£ãªñÍã ¹ãÆ¥ããÊããè ãñ ºããã Íãñ¾ãÀ£ããÀããò ´ãÀã Ôã Shareholders are required to give details ÔãìãäÌã£ãã ãã ¹ãƾããñØã ãäã¾ãã ãã Ôãã¦ãã Öõý Ôã ãäÀ¹ããñà ãñ of their Account numbers (15 digit) and IFS Code No. of their bank branch in Ôãã©ã ÃÔããèÔã ãäÌããʹ㠹ãÆã¹ã ÔãâÊãضã Öõý Íãñ¾ãÀ£ããÀã their ECS Mandate to facilitate the ã¹ã¶ãñ ãä¶ããäªÃÓ ãã¦ãñ ½ãò Êãã¼ããâÍã 㶦ãÀ¥ã ããè ÔãìãäÌã£ãã ãñ transfer of dividend to their designated ãäÊã ã¹ã¶ãñ à Ôããè Ôã ããä£ãªñÍã ½ãò ã¹ã¶ãã ãã¦ãã Ôãâ. (15 account. For selected Centres, payment through NEFT/NECS will be effected ãâã) ããõÀ ã¹ã¶ããè ºãöã Íãããã ããè ããà ¹ã Ôã ããñ¡ wherever such facility is available. Ôãâ¾ãã ãã ãäÌãÌãÀ¥ã ªòý ãä¶ããäªÃÓ ãò³ãò ãñ ãäÊã ãÖãú 7. UNCLAIMED DIVIDEND, IF ANY ¶ãùããè / ¶ãÃÔããèÔã ÔãìãäÌã£ãã ãÖãù ãÖãé ¼ããè ¹ãÊ㺣ã Öãñ, ¼ãìØã¦ãã¶ã ¶ããñ ûããäÀ ãäã¾ãã ããØããý The shareholders who have not encashed their Dividend Warrants / received dividend from previous years viz. 2000-2001 onwards 7. ãªãÌããè Êãã¼ããâÍã, ¾ããäª ããñà are requested to contact the Registrar and Share Transfer Agent of the Bank for issue ãä¹ãÊãñ ÌãÓããô ãõÔãñ 2000-2001 Ôãñ ãäã¶ã Íãñ¾ãÀ£ããÀããò ¶ãñ ã¹ã¶ãñ of duplicate. Êãã¼ããâÍã ÌããùÀ¥ ããñ ¶ãÖãé ¼ãì¶ãã¾ãã/ Êãã¼ããâÍã ¶ãÖãé ¹ãÆ㹦ã ãäã¾ãã Öõ, Pursuant to the amendment of The Banking ¶ãÔãñ ã¶ãìÀãñ£ã Öõ ãäã Ìãñ ã¶ãìãäÊããä¹ã ããÀãè ãÀ¶ãñ ãñ ãäÊã ÀãäãÔÈãÀ Companies (Acquisition and Transfer of Ìãâ Íãñ¾ãÀ 㶦ãÀ¥ã ãñ¥ Ôãñ Ôãâ¹ããà ãÀòý Undertakings) Act, 1970, Section 10 B provides that the amount of dividend ºãöãããÀãè ã½¹ã¶ããè (¹ãã½ããò ãã ããä£ãØãÆÖ¥ã Ìãâ 㶦ãÀ¥ã) remaining unpaid or unclaimed for a period ããä£ããä¶ã¾ã½ã, 1970 ããè £ããÀã 10 ºããè ½ãò Öì ÔãâÍããñ£ã¶ã ãñ ã¶ãìÔããÀ of seven years from the date of transfer to ãªãÌããè Êãã¼ããâÍã ãã¦ãñ ½ãò 㶦ãÀ¥ã ããè ¦ããÀãèã Ôãñ 7 ÌãÓããô ããè the Unpaid Dividend Account is required to be transferred to the Investor Education and ãÌããä£ã ãñ ãäÊã ¼ãìØã¦ãã¶ã ¶ã ãäã Øã ¾ãã ãªãÌããè ÍãñÓã Êãã¼ããâÍã Protection Fund (IEPF) established by the ããè Àã½ã ãâ¹ã¶ããè ããä£ããä¶ã¾ã½ã 1956 ããè £ããÀã 205 Ôããè ãñ ã£ããè¶ã Central Govt. under Section 205C of The ãñ¶³ ÔãÀããÀ ´ãÀã Ô©ãããä¹ã¦ã ãä¶ãÌãñÍãã ãäÍãàãã Ìãâ ÔãâÀàã¥ã ãä¶ããä£ã Companies Act, 1956 and thereafter no claim for payment shall lie in respect (ããà à ¹ããè ¹ã) ½ãò 㶦ããäÀ¦ã ãÀ¶ããè Öõ Ìãâ ã¦ã Ôã⪼ãà ½ãò thereof either to the Bank or to the IEPF. Ôããñ ºã㪠¶ã ¦ããñ ºãöã ããõÀ ¶ã Öãè ããà à ¹ããè ¹ã ããñ For details of date of transfer to unpaid ¼ãìØã¦ãã¶ã ãÀ¶ãñ ãñ ãäÊã ããñà ªãÌãã ºã¶ã¦ãã Öõý 㪦¦ã ¼ãìØã¦ãã¶ã Dividend A/c year-wise, please refer the ãã¦ãñ ãñ ÌãÓãÃÌããÀ ¦ããÀãèã 㶦ãÀ¥ã ãñ ãäÊã Ôã ÌãããäÓãÃã ãäÀ¹ããñà Report of the Board of Directors on Corporate Governance for the year 2009-10 ãñ ¼ããØã ãã (½ãª 9à Ôãã½ã㶾ã Íãñ¾ãÀ£ããÀã ÔãîÞã¶ãã - 㪦¦ã Êãã¼ããâÍã) (Pt. 9e - General Shareholder information - ÌãÓãà 2009-10 ãñ ãäÊã ãã¹ããóÀñ ØãÌã¶ãóâÔã ¹ãÀ ãä¶ãªñÍãã ½ãâ¡Êã Unpaid Dividend), forming part of this Annual ããè ãäÀ¹ããñà ãã Ôã⪼ãà Êòãý Report. 8. CHANGE OF ADDRESS AND DIVIDEND 8. ¹ã¦ãñ ½ãò ¹ããäÀÌã¦ãöã ããõÀ Êãã¼ããâÍã ããä£ãªñÍã MANDATE : ãäã¶ã Íãñ¾ãÀ£ããÀããò ãñ Íãñ¾ãÀ ¼ããõãä¦ãã ¹㠽ãò Öö, ¶ã ½ãã½ãÊããñâ ½ãò, In case of shareholders holding shares in physical form, they are requested to intimate ¶ãÔãñ ã¶ãìÀãñ£ã ãäã¾ãã ãã¦ãã Öõ ãäã Ìãñ ã¹ã¶ãñ ¹ã¦ãñ ½ãò ¹ããäÀÌã¦ãöã, to the Registrar and Share Transfer Agent of
11 Êãã¼ããâÍã ããä£ãªñÍã ããõÀ ºãöã, Íãããã ããõÀ ºãöã ãã¦ãã Ôãâ¾ãã ãñ the Bank any change in their address, ãäÌãÌãÀ¥ã, ãäãÔãñ Íãñ¾ãÀ£ããÀã Êãã¼ããâÍã ÌããÀâ ¹ãÀ ãäÊÊããäã¦ã ãÀ¶ãã dividend mandate and the particulars of the bank, branch and bank account number ÞããÖ¦ãñ Öö, ¶ã Ôãºã ããè ãã¶ãããÀãè ã䪶ããâã 05.07.2010 ¦ãã ¾ãã which the shareholder desires to incorporate ¹ãÖÊãñ ãä¶ã½¶ããäÊããäã¦ã ¹ã¦ãñ ¹ãÀ, ÀãäãÔÈãÀ-Ìã-Íãñ¾ãÀ-ãâ¦ãÀ¥ã ãò on the dividend warrant, on or before ããñ ¼ãñã ªò: 05.07.2010 at the following address: Cameo Corporate Services Ltd. ãõãä½ã¾ããñ ããù¹ããóÀñ ÔããäÌãÃÔãñÔã ãäÊã. (IOB unit) (ããããñºããè-¾ãîãä¶ã ) 1st floor, Subramanian Building, ¹ãÖÊãã ¦ãÊã, Ôãìºãƽããä¥ã¾ã¶ã ãäºããäÊ¡âØã, No. 1, Club House Road, Chennai 600 002 ¶ãâ.1 - ãÊãºã ÖãÔã Àãñ¡, Þãñ¶¶ãõ - 600 002 In case of shareholders holding shares in Electronic form ie. through Demat account, Íãñ¾ãÀ ÊãñãÈããä¶ãã ¹ãã½ãà ã©ããæ㠡ãè½ãõ ãã¦ãñ ãñ ½ã㣾ã½ã Ôãñ they are requested to intimate to their Àã¶ãñ ÌããÊãñ ããñ Íãñ¾ãÀ£ããÀã, ã¹ã¶ãñ Êãã¼ããâÍã ÌããÀâ ¦¾ãããäª ¹ãÀ depository participant any change in their ã¹ã¶ãñ ¹ã¦ãñ ½ãò Öí ¹ããäÀÌã¦ãöã, Êãã¼ããâÍã ããä£ãªñÍã, ºãöã Íãããã ãñ address, dividend mandate and the particulars of the bank, branch and bank º¾ããñÀãò ããõÀ ºãöã ãã¦ãã Ôãâ¾ãã ½ãò ããñà ¹ããäÀÌã¦ãöã ãÀÌãã¶ãã ÞããÖ¦ãñ account number which the shareholder Öö, Ìãñ Ôãããè ÔãîÞã¶ãã ã¹ã¶ãñ ã䡹ãããäûãÀãè ¹ãÆãä¦ã¼ããØããè ããñ ªñ ªò desires to incorporate on the dividend ã¾ããòãäã Êãã¼ããâÍã ãã ãäÌã¦ãÀ¥ã ããõÀ Ôããñ ¼ãìØã¦ãã¶ã ãñ ãäÊã ã䪶ããâã warrant etc., as the aforesaid information provided by the Depository as on 28.05.2010 28.05.2010 ããñ ã䡹ãããäûãÀãè ´ãÀã ¹ãÊ㺣ã ãÀÌããà Øãà ¹ã¾ãÃì§ã would only be considered for the purpose ãã¶ãããÀãè ¹ãÀ Öãè ãäÌãÞããÀ ãäã¾ãã ããØãã ý of payment and distribution of dividend. 9. ¹ããñãäÊã¾ããñ ãã Ôã½ãñã¶ã 9. CONSOLIDATION OF FOLIOS : ¾ãÖ ¹ãã¾ãã Øã¾ãã Öõ ãäã ãà Íãñ¾ãÀ£ããÀã ã Ôãñ ããä£ãã ¹ããñãäÊã¾ããñ It has been found that many shareholders maintain more than one folio (ie.) multiple ¾ãã¶ããè ãäÌããäÌã£ã ¹ããñãäÊã¾ããñ Àã¦ãñ Öö ý Íãñ¾ãÀ£ããÀããò ããñ ãìÍãÊã ÔãñÌãã folios. In order to provide efficient service, ¹ãƪã¶ã ãÀ¶ãñ ¦ã©ãã ñÔãñ ¹ããñãäÊã¾ããñ ãã Ôã½ãñã¶ã ãÀ¶ãñ Öñ¦ãì, Ö½ã we request the shareholders to consolidate Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã ãÀ¦ãñ Öö ãäã Ìãñ ¹ããñãäÊã¾ããñ ãã Ôã½ãñã¶ã the folios by forwarding their share certificates to Registrar and Share Transfer Agents for ãÀò ããõÀ Íãñ¾ãÀ ¹ãƽãã¥ã-¹ã¨ã ããñ ¹ãâããè¾ãã ããõÀ Íãñ¾ãÀ ãâ¦ãÀ¥ã necessary corrections in their records. ãñ¥ ããñ ¹ãâããè¾ãã ãñ ãäÀãã¡ãô ½ãò ããÌã;ãã Ôãì£ããÀ Öñ¦ãì ¼ãñãò ý 10. BRIEF PROFILE OF DIRECTORS : 10. ãä¶ãªñÍãããò ãñ Ôãâãäà㹦ã ãäÌãÌãÀ¥ã As required under the revised Clause 49 IV Ôãùã ãÔãÞãòããò ãñ Ôãã©ã ãä¶ãÓ¹ããã䪦ã ãäÊããäÔâØã ãÀãÀ ãñ ¹ããäÀÍããñãä£ã¦ã G of the Listing Agreement executed with the Stock Exchanges, brief profile of Directors 㥡 49 IV ããè ãñ ¦ãÖ¦ã ã¹ãñãäàã¦ãã¶ãìÔããÀ ãã¹ããóÀñ ØãÌã¶ã÷¶Ôã ¹ãÀ are given in the Report on Corporate ãäÀ¹ããñà ½ãò ãä¶ãªñÍãããò ãñ Ôãâãäà㹦ã ãäÌãÌãÀ¥ã ãäª Øã Öö ý Governance. 11. Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã 11. REQUEST TO SHAREHOLDERS : (a) Shareholders are requested to bring their (ã) Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã Öõ ãäã Ìãñ ÔãâÊãضã ÌãããäÓãÃã ãäÀ¹ããñà copies of the Annual Report enclosed ããè ã¹ã¶ããè ¹ãÆãä¦ã¾ããú Ôãã©ã Êãñ¦ãñ ããúý herewith. (ã) Íãñ¾ãÀ£ããÀã ãð¹ã¾ãã ¶ããñ ãÀò ãäã ºãõã-Ô©ãÊã ½ãò ãäãÔããè (b) Shareholders may kindly note that no ¦ãÀÖ ãñ ¹ãÖãÀ/ãî¹ã¶ã ãäÌã¦ããäÀ¦ã ¶ãÖãé ãäã ããúØãñý gifts / coupons will be distributed at the venue of the meeting. ãä¶ãªñÍãã ½ãâ¡Êã ãñ ããªñÍãã¶ãìÔããÀ BY ORDER OF BOARD OF DIRECTORS
Þãñ¶¶ãõ (Ôãû û ¼ã) Chennai (S A BHAT) 29.05.2010 㣾ãàã Ìãâ ¹ãƺãâ£ã ãä¶ãªñÍãã 29.05.2010 Chairman and Managing Director
12 ã ¶ãûãÀ ½ãò AT A GLANCE
Á. ãÀãñü¡ãò ½ãò Rs.in crore
½ããÞãà 2010 ½ããÞãà 2009 March 2010 March 2009
ÔããÌãüããõãä½ãã ã½ãã-ÀããäÍã¾ããú Global Deposits 1,10,795 1,00,116
ªñÍããè¾ã ã½ãã-ÀããäÍã¾ããú Domestic Deposits 1,05,434 95,434
ÔããÌãüããõãä½ãã ÔããÊã ããäØãƽã Global Gross Advances 80,782 75,810
ªñÍããè¾ã ÔããÊã ããäØãƽã Domestic Gross Advances 73,026 68,479 ¹ãÆã©ããä½ãã¦ãã àãñ¨ã ããäØãƽã Priority Sector Advances 27,237 24,294 ãðãäÓã £ããÀ Agricultural Credit 12,597 10,817
ÔããÊã Êãã¼ã Gross Profit 1,845 2,524
ãä¶ãÌãÊã Êãã¼ã Net Profit 707 1,326
13 ãä¶ãªñÍãããò ããè ãäÀ¹ããñà 2009-10 DIRECTORS REPORT 2009-10 31 ½ããÞãà 2010 ããñ Ôã½ã㹦ã ÌãÓãà ãñ ãäÊã Êãñãã ¹ãÀãèãäàã¦ã ¦ãìÊã¶ã-¹ã¨ã The Board of Directors have great pleasure in presenting the Annual Report together with audited ããõÀ Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ãñ Ôãã©ã Ôãã©ã ºãöã ããè ÌãããäÓãÃã ãäÀ¹ããñà ¹ãÆÔ¦ãì¦ã Balance Sheet and Profit and Loss Account of the ãÀ¦ãñ Öì ãä¶ãªñÍã㠽㥡Êã ããñ ÖÓãà ãã ã¶ãì¼ãÌã Öãñ ÀÖã Öõý Bank for the year ended March 31, 2010. ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ºãöã ãñ ãä¶ãÓ¹ã㪶ã ããñ ãããä©ãÃã ½ãâªãè ãñ During 2009-10, the Banks performance is to be ¹ããäÀ¹ãÆñà¾ã ½ãò ªñãã ãã¶ãã Öõý ºãöã ããè ¹ãÆØããä¦ã Ôãâ¦ãìãäÊã¦ã ÀÖãè ããõÀ ããÀãñºããÀ viewed in the backdrop of economic slow down. The Bank has grown in a balanced manner and crossed Á.1,90,000 ãÀãñü¡ ããñ ¹ããÀ ãÀ Øã¾ããý ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ the business level of Rs.1,90,000 crore mark. The ããä£ãã ÊããØã¦ã ããè ã½ããããò ããñ ãã¶ã¹ãîÌãÃã ¦ãã¶ãñ, ÔããØã £ããÀ ãäÌãÔ¦ããÀ¥ã Bank has focused its attention in consciously ããõÀ ¶ã¹ããè ããè ÌãÔãîÊããè ¹ãÀ £¾ãã¶ã ãòã䳦ã ãäã¾ããý shedding high cost deposits, cautious credit expansion and NPA Recovery during the year. ÌãõãäÍÌãã ̾ãÌãÔãã¾ã ãä¶ãÓ¹ã㪶ã Global Business Performance ºãöã ããè ÔããÌãüããõãä½ãã ã½ããú ããñ ½ããÞãà 2008-09 ½ãò Á. 1,00,116 The Banks global deposits went up from ãÀãñü¡ ©ããè, ÌãÖ ½ããÞãà 2009-10 ½ãò 10.67 ¹ãÆãä¦ãÍã¦ã ºãü¤ãÀ Á. Rs. 1,00,116 crore in 2008-09 to Rs.1,10,795 crore 1,10,795 ãÀãñü¡ ¦ãã Öãñ ØãÄý ÔããÌãüããõãä½ãã ÔããÊã ããäØãƽã Á. 75,810 in 2009-10 by 10.67 %. Global gross advances ãÀãñü¡ Ôãñ 6.56 ¹ãÆãä¦ãÍã¦ã ºãü¤ãÀ Á.80,782 ãÀãñü¡ ¦ãã Öãñ Øãý ãìÊã expanded from Rs. 75,810 crore to Rs. 80,782 crore ããÀãñºããÀ Á.1,91,577 ãÀãñü¡ ¦ãã ºãü¤ã (8.90 ¹ãÆãä¦ãÍã¦ã ããè Ìãðãä® )ý at 6.56 %. Total business reached Rs. 1,91,577 crore (growth at 8.90 %). ãäÌãªñÍããè Íããããú Overseas Branches ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ ªìºãà ½ãò ¹ãÆãä¦ããä¶ããä£ã ãã¾ããÃÊã¾ã ããñÊãã ããñ ¹ãÀÌãÀãè During the year the Bank has opened Representative 2010 Ôãñ ¹ãî¥ãæã: ¹ããäÀÞããÊã¶ããè¾ã Öãñ Øã¾ãã Öõý ½ãÊãñãäÍã¾ãã ½ãò ºãöãäãâØã Office at Dubai and the Office has become fully ã¶ãìÓãâØããè ãã¾ããÃÊã¾ã ããñÊã¶ãñ Öñ¦ãì ºãöã ãã¹ã ºã¡ãõªã Ìã ããâ£ãÆã ºãöã ãñ operational from February 2010. The Bank signed Ôãã©ã ºãöã ¶ãñ Ôãâ¾ãìã¦ã ²ã½ã ¹ãÀ ÖÔ¦ããàãÀ ãäãý ã¶ãìÓãâØããè ãã¾ããÃÊã¾ã ¶ãñ the joint venture with Bank of Baroda and Andhra ½ãÊãñãäÍã¾ãã ãñ ãò³ãè¾ã ºãöã, ºãöã ¶ãñØããÀã Ôãñ ÊããÔãòÔã ãñ ãäÊã ããÌãñã䪦ã Bank to open a Banking subsidiary in Malaysia. The subsidiary has applied for license from Bank Negara, ãäã¾ãã Öõý the central bank of Malaysia. ½ããÞãà 2010 ããè Ôã½ããã书㠦ãã ºãöã ãñ ãäÌãªñÍã ½ãò 13 ÔãâÔ©ãã¹ã¶ã ÀÖñ, As at the end of March 2010, the Bank had 13 ãäã¶ã½ãò Ôãñ Ö ¹ãî¥ãà Íããããú, ( ÖãâØã ããâØã ½ãò ªãñ ããõÀ ãäÔãâØãã¹ãìÀ, ªãäàã¥ã establishments abroad, comprising 6 full-fledged ããñãäÀ¾ãã, ÑããèÊãâãã ããõÀ ºãöããùã ½ãò ã - ã Íãããã) ÞããÀ ¹ãÆãä¦ããä¶ããä£ã branches (two branches in Hongkong and one each ãã¾ããÃÊã¾ã Öö (ØãìããâØãûãã-Þããè¶ã, ãìããÊããÊãâ¹ãìÀ-½ãÊãñãäÍã¾ãã,Öãñ Þããè ãä½ã¶ã at Singapore, South Korea, Sri Lanka and Bangkok) 4 Representative offices (Guangzhou-China, Kuala ãäÔããè-ãäÌã¾ã¦ã¶ãã½ã ããõÀ ãÊã ãÀ½ãã-ªìºãÃ), ªãñ ãäÌã¹ãÆñÓã¥ã ãò³ Öö (ºãî¶ã Êãñ Lumpur-Malaysia, Ho Chi Minh City-Vietnam and Al ããõÀ ÔãñÀòØãî¶ã, ãäÔãâØãã¹ãìÀ ) ããõÀ ÑããèÊãâãã ½ãò ã ¹ãÍãããã Öõý karama-Dubai), 2 Remittance Centres (Boonlay and Serangoon, Singapore) and 1 Extension counter in ãäÌ㦦ããè¾ã ãä¶ãÓ¹ã㪶ã Sri Lanka. ºããããÀ ½ãò ½ãâªãè ãñ ÞãÊã¦ãñ ã½ã ÈñãÀãè Êãã¼ããò ããõÀ ¹ãòÍã¶ã, ØãÆõÞ¾ãìãè ããõÀ Financial Performance Ìã¦ãýãã¶ã Ìãñ¦ã¶ã ãä¶ã¹ãã¶ã Ôã½ã¢ããõ¦ãã ¹ãÆãäã¾ãã ãñ ¹ããÍÌãà ½ãò ºãöã ãñ ã½ãÃÞãããäÀ¾ããò Global operating profit of the Bank was at Ôãñ Ôãâºãâãä£ã¦ã Ìãñ¦ã¶ã ¹ããäÀÍããñ£ã¶ã ãñ ãäÊã ºãü¤ãè Öìà ªñ¾ã¦ãã ãñ ããÀ¥ã ÌãÓãà Rs.1,845 crore in 2009-10 as against Rs.2,524 crore 2009-10 ½ãò ºãöã ¶ãñ ÔããÌãüããõãä½ãã ¹ããäÀÞããÊã¶ã Êãã¼ã ½ãò Á. 2,524 mainly due to lower treasury gains in the subdued ãÀãñü¡ ãñ ½ãìããºãÊãñ Á.1,845 ãÀãñü¡ Êãã¼ã ããäãæã ãäã¾ãã Öõý market condition and increased liability for Pension, Gratuity and wage revision relating to employees of ¹ãÆãÌã£ãã¶ã the Bank in the backdrop of ongoing wage settlement ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ããÀãè ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºãöã ¶ãñ Á.1,138 negotiation process. ãÀãñü¡ ãã ãìÊã ¹ãÆãÌã£ãã¶ã ãäã¾ãã Ööý Provisions ãä¶ãÌãÊã Êãã¼ã / Êãã¼ããâÍã The Bank has made a total provision of Rs.1,138 crore in keeping with the guidelines issued ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ¹ãìÀã¶ããè ã¶ããÃã ãããäÔ¦ã¾ããò by the RBI. ãñ ãäÊã Ìãðã䮦㠹ãÆãÌã£ãã¶ããò ããõÀ ã½ã ¹ããäÀÞããÊã¶ãØã¦ã Êãã¼ã ãñ ããÀ¥ã ÌãÓãà Net Profit \ Dividend 2008-09 ½ãò Á.1,326 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò ÌãÓãà 2009-10 ãñ ãäÊã Net profit of the Bank was at Rs.707 crore for ºãöã ãã ãä¶ãÌãÊã Êãã¼ã Áû 707 ãÀãñü¡ ÀÖãý ãä¹ãÊãñ ÌãÓãà ¹ãƪ¦¦ã 45 2009-10 as against Rs.1,326 crore in 2008-09 due ¹ãÆãä¦ãÍã¦ã ãñ Êãã¼ããâÍã ããè ¦ãìÊã¶ãã ½ãò ÌãÓãà 2009-10 ãñ ãäÊã 35% ãã to lower operating profit and increased provision for Êãã¼ããâÍã ¹ãÆÔ¦ãããäÌã¦ã ãäã¾ãã Øã¾ãã Öõý ageing Non Performing Assets as per RBI guidelines. Dividend for the year 2009-10 is proposed at 35 % as against 45% paid last year.
14 ãã¾ã Ìã ̾ã¾ã ãäÌãÍÊãñÓã¥ã Income and Expenditure Analysis ºãöã ããè ãìÊã ãã¾ã ÌãÓãà 2008-09 ½ãò Á. 11,237 ãÀãñü¡ Ôãñ ÌãÓãà The total income increased to Rs. 11,389 crore in 2009-10 ½ãò 1.35% ããè ¶¾ãî¶ã¦ã½ã Ìãðãä® ãñ Ôãã©ã ¾ãÖ ºãü¤ãÀ 2009-10 compared to Rs.11,237 crore in 2008-09, with a marginal growth of 1.35% on account of Á.11,389 ãÀãñü¡ ÖìÃý Ôããã ¹ãƽãìã ããÀ¥ã ÀÖã ÈñãÀãè ãã¾ã ½ãò reduction in treasury income by Rs.345 crore over ãä¹ãÊãñ ÌãÓãà ããè ¦ãìÊã¶ãã ½ãò Á.345 ãÀãñü¡ ããè ã½ããè ããõÀ ÔããÌãüããõãä½ãã last year and lower growth in credit due to global ãããä©ãÃã ½ãâªãè ãñ ããÀ¥ã £ããÀ ½ãò ã½ã ¹ãÆØããä¦ãý ãìÊã º¾ããã ãã¾ã ½ãò economic recession. The total interest income 6.28 ¹ãÆãä¦ãÍã¦ã ºã¤ãñ¦¦ãÀãè Öìà ããñ ÌãÓãà 2008-09 ½ãò Á. 9,641 ãÀãñü¡ increased to Rs. 10,246 crore in 2009-10 from ÀÖãè, ÌãÖ ºãü¤ãÀ ÌãÓãà 2009-10 ½ãò Á.10,246 ãÀãñü¡ Öãñ ØãÃý Rs.9,641 crore in 2008-09 at 6.28%. Interest income on Advances increased to Rs. 7660 crore compared ããäØãƽããò ¹ãÀ ¹ãÆ㹦㠺¾ããã ãä¹ãÊãñ ÌãÓãà ãñ Á.7,660 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò to Rs.7,290 crore in the last year. Interest received Á.7422 ãÀãñü¡ ¦ãã ºã¤ãý 1 ãìÊããà 2009 Ôãñ ¹ãƼããÌããè 50 ãã£ããÀ on advances impacted by decline in domestic yield ãâããò ¹ãÀ ºãòÞã ½ãããà ½ãîÊã £ããÀ ªÀ ½ãò ã£ããñ½ãìããè ¹ããäÀÍããñ£ã¶ã ãñ ããÀ¥ã on advances to 10.44 % in 2009-10 from 11.13% in ããäØãƽããò ¹ãÀ ªñÍããè ¹ãÆãä¦ãÊãã¼ã ÌãÓãà 2008-09 ãñ 11.13 ¹ãÆãä¦ãÍã¦ã ããè 2008-09 on account of downward revision in Bench ¦ãìÊã¶ãã ½ãò ÜããÀ ÌãÓãà 2009-10 ½ãò 10.44 ¹ãÆãä¦ãÍã¦ã Öãñ Øã¾ãã, ãäãÔããñ Mark Prime Lending Rate by 50 basis points effective from July 1, 2009. ããÀ¥ã Ôããã ¹ãƼããÌã ããäØãƽããò ¹ãÀ ¹ãÆ㹦㠺¾ããã ¹ãÀ ã£ããñ½ãìããè ¹ãƼããÌã ¹ãü¡ãý The commission and exchange earnings stood at Rs. 578 crore against Rs.594 crore last year. Profit ã½ããèÍã¶ã Ìãâ ãäÌããä¶ã½ã¾ã ããöã ãä¹ãÊãñ ÌãÓãà ãñ Á. 594 ãÀãñü¡ ããè on exchange was at Rs. 127crore as compared to ¦ãìÊã¶ãã ½ãò Ôã ÌãÓãà Á.578 ãÀãñü¡ ÀÖãý ½ãì³ã ºããããÀ ½ãò ¦ããÀ-Þãü¤ãÌã ãñ Rs.157 crore due to volatility in the currency market. ããÀ¥ã ãäÌããä¶ã½ã¾ã ¹ãÀ Êãã¼ã Á. 157 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò Á.127 ãÀãñü¡ The profit on sale of investments was lower at Rs. 292 crore against Rs. 637 crore last year in the ÀÖãý ½ã⪠ºããããÀ ½ãò ãä¹ãÊãñ ÌãÓãà ãä¶ãÌãñÍããò ããè ãäºãããè ¹ãÀ Êãã¼ã ãñ Á. 637 subdued market. ãÀãñü¡ ãñ ½ãìããºãÊãñ Ôã ÌãÓãà Á.292 ãÀãñü¡ ÀÖãý The increase in interest expenditure was significantly ÌãÓãà ãñ ªãõÀã¶ã ªñÍããè ÔããÌããä£ã ã½ããããò ¹ãÀ ÊãØãã¦ããÀ º¾ããã ªÀ ¹ãì¶ããä¶ãþã¦ã¶ã brought down to 4.52 % in 2009-10 from 28.04 % in Ìã ãã¡Ã-¹ÊãÔã ã½ããããò ½ãò ã½ããè Êãã¶ãñ Ôãñ ÌãÓãà 2008-09 ½ãò ºã¤¦ãñ º¾ããã 2008-09, due to conscious shedding of card-plus deposits and successive interest rate realignment on ̾ã¾ã ããñ 28.04 ¹ãÆãä¦ãÍã¦ã Ôãñ ÌãÓãà 2009-10 ½ãò 4.52 ¹ãÆãä¦ãÍã¦ã ¦ãã domestic term deposits during the year. Card- plus ã½ã ãÀ ã䪾ãã Øã¾ããý ãìÊã ªñÍããè ã½ããããò ããè ¹ãÆãä¦ãÍã¦ã¦ãã ããè ¦ãìÊã¶ãã ½ãò deposits as percentage to total domestic deposits ãã¡Ã ãã£ãããäÀ¦ã ã½ããããò ããñ ½ããÞãà 2009 ãñ 14.10 ¹ãÆãä¦ãÍã¦ã ããè significantly came down to 3.82 % at the end of ¦ãìÊã¶ãã ½ãò ½ããÞãà 2010 ããè Ôã½ããã书㠦ãã 3.82 ¹ãÆãä¦ãÍã¦ã ¦ãã ã½ã ãäã¾ãã March 2010 compared to 14.10% in March 2009. Øã¾ããý ¹ããäÀ¥ãã½ãÔÌã¹㠪ñÍããè ã½ããããò ããè ÊããØã¦ã ½ãò ÌãÓãà 2008-09 ãñ As a result, the domestic cost of deposits declined by 51 basis points from 6.87% in 2008-09 to 6.36% 6.87 ¹ãÆãä¦ãÍã¦ã Ôãñ 50 ãã£ããÀ ãâã ¹ãÀ ã½ããè ªãà ãÀ¦ãñ Öì ÌãÓãà 2009- in 2009-10. 10 ½ãò 6.36 ¹ãÆãä¦ãÍã¦ã ¦ãã Êãã ãäÊã¾ãã Øã¾ããý Total operating expenses increased to Rs.2,466 crore ²ããñØã Ô¦ãÀ ¹ãÀ ¹ãòÍã¶ã, ØãÆõÞ¾ãìãè ããõÀ Ìã¦ãýãã¶ã Ìãñ¦ã¶ã ãä¶ã¹ãã¶ã Ôã½ã¢ããõ¦ãã compared to Rs.1,942 crore last year due to increased ¹ãÆãäã¾ãã ãñ ÞãÊã¦ãñ Ìãñ¦ã¶ã ¹ããäÀÍããñ£ã¶ã ãñ ãäÊã ºãü¤ñ ¹ãÆãÌã£ãã¶ããò ãñ ããÀ¥ã provision for pension, gratuity and wage revision ãìÊã ¹ããäÀÞããÊã¶ãØã¦ã ̾ã¾ã ãä¹ãÊãñ ÌãÓãà ãñ Á.1,942 ãÀãñü¡ ããè ¦ãìÊã¶ãã which is under negotiation at the industry level. The non-staff expenditure increased to Rs.731 crore from ½ãò Á.2,466 ãÀãñü¡ ¦ãã ºãü¤ Øã ý ÌãÓãà ãñ ªãõÀã¶ã ããä£ãã ½ãîʾãÖÆãÔã, Rs. 670 crore mainly due to higher depreciation, rent ãäãÀã¾ãã ããõÀ ãÀãò ãñ ããÀ¥ã ØãõÀ-Ôã¹ã ̾ã¾ã Á.670 ãÀãñü¡ Ôãñ Á.731 and taxes during the year. Net Interest Income ãÀãñü¡ ¦ã㠺㤠Øã¾ããý ÌãÓãà 2009-10 ½ãò ãä¶ãÌãÊã º¾ããã ãã¾ã Á.3,168 increased to Rs. 3,168 crore in 2009-10 with a growth ãÀãñü¡ ¦ã㠺㤠Øãà ããñ 10.39 ¹ãÆãä¦ãÍã¦ã ããè Ìãðãä® Öõý ºããããÀ ãñ Áã of 10.39 %. Consequently Net Interest Margin was ãñ ã¶ãìÔããÀ ºãòÞã ½ãããà ½ãîÊã £ããÀ ªÀ ½ãò ã£ããñ½ãìããè ¹ããäÀÍããñ£ã¶ã ãñ lower at 2.74% as against 2.84% in last year mainly due to downward revision in Bench Mark Prime ããÀ¥ã ãä¶ãÌãÊã º¾ããã ½ãããäãöã ãä¹ãÊãñ ÌãÓãà 2.84 ¹ãÆãä¦ãÍã¦ã ããè ¦ãìÊã¶ãã ½ãò Lending rate in line with the market. Hence the Banks 2.74 ¹ãÆãä¦ãÍã¦ã ã½ã ÀÖã ý ã¦ã: ºãöã ãã ¹ããäÀÞããÊã¶ãØã¦ã Êãã¼ã ÌãÓãà operating profit stood at Rs.1,845 crore for 2009-10 2008-09 ãñ Á.2,524 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò Á.1,845 ãÀãñü¡ ÀÖãý as against Rs.2,524 crore in 2008-09. ¹ãîúããè ¹ã¾ããù¦ã¦ãã ã¶ãì¹ãã¦ã Capital Adequacy Ratio ºãõÔãÊã II ½ãã¶ãªâ¡ãò ãñ ã¶ãìÔããÀ ºãöã ãã ¹ãîâããè ¹ã¾ããù¦ã¦ãã ã¶ãì¹ãã¦ã ½ããÞãà The capital adequacy ratio of the Bank improved from 13.20% as at the end of March 2009 to 14.78% 2009 ãñ ãâ¦ã ¦ãã ãñ 13.20% Ôãñ ºãü¤ãÀ ½ããÞãà 2010 ãñ ãâ¦ã ¦ãã as at the end of March 2010 as per the Basel II 14.78% Öãñ Øã¾ããý norms. Íãããã ¶ãñÌããà Branch Network ½ããÞãà 2010 ãñ ãâ¦ã ¦ãã ºãöã ¶ãñ 65 ¶ãà Íããããú ããñÊããé ¦ã©ãã 20 The Bank opened 65 new branches and upgraded ¹ãÍããããããò ãã ¹ãî¥ãà Íããããããò ½ãò ¸ã¾ã¶ã ãäã¾ããý ãäÀ¹ããñãäÄØã ãÌããä£ã ããè 20 extension counters into full-fledged branches in the year ended March 2010. Total domestic branch Ôã½ããã书㠦ãã ªñÍããè Íããããããò ãã ¶ãñÌããà 2,002 ¦ãã ¹ãÖìúÞã Øã¾ããý network reached 2,002 as at the end of the reporting ã¶ãÔãâ¾ãã Ôã½ãîÖ-ÌããÀ ºãÆñãã¹ã ãñ ãã£ããÀ ¹ãÀ ãìÊã Íããããããò ½ãò Ôãñ 589 year. As regards population group wise break-up,
15 ØãÆã½ããè¥ã Íããããú, ããñ ãìÊã Íããããããò ãã 29.4% Öõ, 520 ã£ãÃ- rural branches numbered 589 accounting for 29.4% ÍãÖÀãè (26%)è, 492 ÍãÖÀãè (24.6%) ããõÀ 401 ½ãÖã¶ãØãÀãè¾ã Íããããú of the total branches, semi-urban 520(26%), urban (20%) Ööý 492(24.6%) and metropolitan 401(20%). Customer Service ØãÆãÖã ÔãñÌãã The Bank has adopted the Code of Commitment to ºãöã ¶ãñ ã¹ã¶ãñ ØãÆãÖããò ãñ ãäÊã ºãöãäãâØã ããñ¡ Ìã ½ãã¶ãã ºããñ¡Ã ããù¹ã Banks Customers as drafted by Banking Codes and ã䥡¾ãã (ºããèÔããèÔãºããèãã) ´ãÀã ¡Èã¹ã ãäã Øã ããñ¡ ããñ ã¹ã¶ãã¾ãã Standards Board of India (BCSBI). The Code has Öõý ãØãÔ¦ã 2009 ãñ ªãõÀã¶ã ããñ¡ ãã ¹ããäÀÍããñ£ã¶ã ãäã¾ãã Øã¾ããý ØãÆãÖã been revised during August 2009. As part of customer ãäÍãàãã ãñ ¼ããØã ãñ ¹㠽ãò ØãÆãÖããò ããñ ãã¶ãããÀãè ¹ãìãäÔ¦ããã Ôã¼ããè Íããããããò education Information to Customers Booklet is made available at all branches. Customer Fortnight was ½ãò ¹ãÊ㺣ã ãÀÌãã¾ããè Øã¾ããèý ½ãà 2009 ½ãò Þã¾ããä¶ã¦ã Íããããããò ½ãò ããõÀ observed in select branches in May 2009 and in all ¶ãÌãâºãÀ 2009 ãñ ªãõÀã¶ã Ôã¼ããè Íããããããò ½ãò ØãÆãÖã ¹ããÌãã¡ã ½ã¶ãã¾ãã branches during November 2009. Øã¾ããý During the year, incorporating certain provisions of Ôã ÌãÓãà ãñ ªãõÀã¶ã ¾ãîÔã¡ãè Þãñã ÌãÔãîÊããè ¶ããèãä¦ã, ØãÆãÖã ÔãñÌãã Ôãñ Ôãâºãâãä£ã¦ã USD Cheque Collection Policy, the Compensation Policy document related to customer service was Àã֦㠶ããèãä¦ã ªÔ¦ããÌãñûã ãñ ãì ¹ãÆãÌã£ãã¶ããò ½ãò ÔãâÍããñ£ã¶ã ãäã¾ãã Øã¾ããý amended. ¹ãÆ㹦ã ØãÆãÖã ãäÍããã¾ã¦ããò ããõÀ ãäã Øã ãä¶ãÌããÀ¥ããò ãñ ãäÌãÌãÀ¥ã ãä¶ã½¶ããâãäã¦ã The details of customer complaints received and Öö : redressed are given below. ã ÌãÓãà ãñ ¹ãÆãÀâ¼ã ½ãò Êãâãäºã¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã - 47 a. Pending at the beginning of the year - 47 ã ÌãÓãà ãñ ªãõÀã¶ã ¹ãÆ㹦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã - 1,291 b. Received during the year - 1291 Øã ÌãÓãà ãñ ªãõÀã¶ã ãäã¶ã ãäÍããã¾ã¦ããò ãã ãä¶ãÌããÀ¥ã c. Redressed during the year - 1280 ãäã¾ãã Øã¾ãã ¶ãããè Ôãâ¾ãã - 1,280 d. Pending at the end of the year - 58
Üã ÌãÓãà ãñ ãâ¦ã ½ãò Êãâãäºã¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã - 58 During the year 2009-10, 1338 complaints were ºãÓãà 2009-10 ãñ ªãõÀã¶ã, 1338 ãäÍããã¾ã¦ãñâ Ôãâ¼ããÊããè Øãà (ãä¹ãÊãñ ÌãÓãà handled (including the complaints carried over from the earlier year) of which 1280 complaints were ããè ãäÍããã¾ã¦ãñâ ¼ããè Íããä½ãÊã Öõñâ) ãäãÔã½ãò 1280 ãäÍããã¾ã¦ããò ãã ãä¶ã¹ãã¶ã resolved. The redressal rate was 95.67 % . ãäã¾ãã Øã¾ããý ãä¶ã¹ãã¶ã ªÀ 95.67%ý Number of awards passed by the Banking ºãöãäãâØã Êããñã¹ããÊã ´ãÀã ãäª Øã ãä¶ã¥ãþããò ããè Ôãâ¾ãã ããõÀ ºãöã ´ãÀã Ombudsman and implemented by the Bank are as ãã¾ããÃãä¶Ìã¦ã ãäã Øã ãä¶ã¥ãþããò ããè Ôãâ¾ãã ãñ ãäÌãÌãÀ¥ã ãä¶ã½¶ãÌã¦ã Öõ : follows. a. Unimplemented awards at the beginning of the year - 2 ã ÌãÓãà ãñ ¹ãÆãÀâ¼ã ½ãò ãã¾ããÃãä¶Ìã¦ã ¶ã ãäã Øã ãä¶ã¥ãþããò ããè Ôãâ¾ãã - 2 ã ÌãÓãà ãñ ªãõÀã¶ã ºãöãäãâØã Êããñã¹ããÊã ´ãÀã ¹ãããäÀ¦ã ãä¶ã¥ãþããò ããè Ôãâ¾ãã - 1 b. Awards passed by Banking Ombudsman during the year - 1 Øã ÌãÓãà ãñ ªãõÀã¶ã ãã¾ããÃãä¶Ìã¦ã ãä¶ã¥ãþããò ããè Ôãâ¾ãã - 1 c. Awards implemented during the year - 1 Üã ÞÞã ¶¾ãã¾ããÊã¾ã ½ãò ã¶ãì½ã¦ã ãä¶ã¥ãþããò ãñ ¹ãÆãä¦ã ããè Øã¾ããè ã¹ããèÊããò ããè Ôãâ¾ãã - 1 d. Appeal against the awards allowed in the High Court - 1 Þã ÌãÓãà ãñ ãâ¦ã ½ãò ãã¾ããÃãä¶Ìã¦ã ¶ã ãäã Øã ãä¶ã¥ãþããò ããè Ôãâ¾ãã - 1 e. Unimplemented awards at the end of the year - 1 ÌãÓãà ãñ ªãõÀã¶ã ØãÆãÖã ÔãñÌãã ãò³, Þãñ¸ãõ ¶ãØãÀ ãäãÔããñ ãäÊã ºãöã Þãñ¸ãõ ¶ãØãÀ Customer Service Centre, Chennai City, for which ½ãò Ôãâ¾ããñãã Öõ, ¶ãñ Ôã¼ããè ãäÍããã¾ã¦ããò ãã Ôã½ãã£ãã¶ã ãäã¾ãã Öõý ãäÍããã¾ã¦ãñâ the Bank is the Convener, had resolved all the complaints during the year. Customers are provided ¹ãÆ㹦ã ãÀ¶ãñ Öñ¦ãì ºããÖÀãè ãòÔããè ããè ÔãñÌããú ÊãñãÀ ØããÆÖããò ããñ ãñÊã ¹ãÆãè with the facility of Toll Free Tele-services (No.1800- ñÊããè ÔããäÌãÃÔãñã (1800-425-4445) ¹ãÊ㺣ã ãÀÌãã¾ããè Øã¾ããè Öõý ¶ã 425-4445) by engaging an outside agency for ãäÍããã¾ã¦ããò ãã ãä¶ã¹ãã¶ã 48 Üãâãò ãñ ¼ããè¦ãÀ ãäã¾ãã ãã¦ãã Öõý Ôã receiving complaints. These complaints are resolved ÔãìãäÌã£ãã ãã ¸ã¾ã¶ã 24x7 ½ãã¡ñÊã ãñ ¹㠽ãò ãäã¾ãã ãã ÀÖã Öõý within 48 hours. This facility is being upgraded for 24x7 model. ãäÀñÊã ºãöãäãâØã ããõÀ ãäÌã¹ã¥ã¶ã Retail Banking and Marketing ããèÌã¶ã Ìã Ôãã£ããÀ¥ã ºããè½ãã ¦¹ããªãò ¦ã©ãã ºããè½ãã Ôãâºã® ¦¹ããªãò ÔããäÖ¦ã Income from fee-based products including Life and ÍãìÊã ãã£ãããäÀ¦ã ¦¹ããªãò Ôãñ ¹ãÆ㹦ã ãã¾ã ½ãò ãä¹ãÊãñ ÌãÓãà ããè ¦ãìÊã¶ãã ½ãò General Insurance Products and Insurance Linked 53.69 ¹ãÆãä¦ãÍã¦ã ºãü¤ ØãÃý ããèÌã¶ã ºããè½ãã Ôãñ Ôãâºã® ¦¹ã㪠ãõÔãñ ããããñºããè Products, grew by 53.69 % over the previous year. ããèÌã¶ã, ããããñºããè ÖñÊ©ã ãñ¾ãÀ ¹ÊãÔã, ÔãìÀàãã ÔããäÖ¦ã ãäÌã²ãã ¾ããñãä¦ã ããñ Life Insurance Linked Products, IOB Jeevan, IOB Healthcare Plus, Vidya Jyothi with Suraksha performed well with wider coverage and improved income.
16 ãÞã ºã¤ãÌãã ãä½ãÊãã ããõÀ ãã¾ã ½ãò ºãü¤ãñ¦¦ãÀãè ÖìÃý Distribution of life policies, as a Corporate Agent of Life Insurance Corporation of India, witnessed growth ¼ããÀ¦ããè¾ã ããèÌã¶ã ºããè½ãã ãñ ãã¹ããóÀñ ãò ãñ ¹㠽ãò ããèÌã¶ã ¹ãããäÊããäÔã¾ããò ãñ both in premium as well as commission. So also ãäÌã¦ãÀ¥ã ãñ ¦ã֦㠹ãÆãèãä½ã¾ã½ã ¦ã©ãã ã½ããèÍã¶ã ªãñ¶ããò ½ãò ãÞãè Ìãðãä® ÖìÃý were the non-life insurance products of Universal Ôããè ¹ãÆããÀ Ôãñ ¾ãîãä¶ãÌãÔãÃÊã Ôããñ½¹ããñ ã¶ãÀÊ㠶;ããñÀñ¶Ôã ãñ ØãõÀ ããèÌã¶ã Sompo General Insurance. ºããè½ãã ¦¹ããªãò ½ãò ¼ããè Ìãðãä® ÖìÃý The income from marketing of life policies, life insurance linked policies, non-life policies including ããèÌã¶ã ¹ãããäÊããäÔã¾ããò, ããèÌã¶ã ºããè½ãã Ôãñ Ôãâºã® ¹ãããäÊããäÔã¾ããò, ØãõÀ-ããèÌã¶ã health care was Rs.14.28 crore. Income from sale ¹ãããäÊããäÔã¾ããò ãñ ãäÌã¹ã¥ã¶ã Ôãñ Á.14.28 ãÀãñü¡ ããè ãã¾ã ÖìÃý ÔÌã¥ãà of retail gold coins clocked Rs.8.64 crore. Retail ½ãì³ãããò ããè ãäÀñÊã ãäºãããè Ôãñ Á.8.64 ãÀãñü¡ ããè ãã¾ã ÖìÃý ããÌããÔã Loans grew at 15.5 % over the previous year with ¨ãÉ¥ããò ãñ ¹ãƽãìã ¾ããñØãªã¶ã Ôãñ ãäÀñÊã ¨ãÉ¥ã ãä¹ãÊãñ ÌãÓãà ãñ ½ãìããºãÊãñ major contribution from Housing Loans. 15.5 ¹ãÆãä¦ãÍã¦ã ºãü¤ñý The following campaigns were conducted during the year 2009-10. ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ãä¶ã½¶ããäÊããäã¦ã ããä¼ã¾ãã¶ã ÞãÊãã Øã : 1. CASA campaign 1 ããÔãã (ÔããèÔã) ããä¼ã¾ãã¶ã 2. Retail Sale of Gold Coins. 2 ÔÌã¥ãà ½ãì³ãããò ããè ãäÀñÊã ãäºãããè 3. Marketing of Healthcare Plus Policies. 3 ÖñÊ©ã ãñ¾ãÀ ¹ÊãÔã ¹ãããäÊããäÔã¾ããò ãã ãäÌã¹ã¥ã¶ã 4. Campaign for Asset Insurance Cover. 5. Marketing of Debit Cards. 4 ãããäԦ㠺ããè½ãã ãÌãÀ ãñ ãäÊã ããä¼ã¾ãã¶ã 6. Special Tax Saver Campaign 5 ¡ñãäºã ãã¡Ã ãã ãäÌã¹ã¥ã¶ã There was all round improvement in volume and 6 ãäÌãÍãñÓã õãÔã ºãÞã¦ã ããä¼ã¾ãã¶ã increase in income in the retail-banking segment. ãäÀñÊã ºãöãäãâØã àãñ¨ã ½ãò Ôã½ãØãÆ Ìãðãä® Öìà ããõÀ ãã¾ã ½ãñâ ¼ããè ºãü¤ãñ¦¦ãÀãè Official Language Policy ÖìÃý During the year 2009-10, the Bank has taken all efforts to implement the Official Language Policy of Government Àãã¼ããÓãã ¶ããèãä¦ã of India. During the year, 248 Staff members, who did ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ºãöã ¶ãñ Àãã¼ããÓãã ¶ããèãä¦ã ãñ ãã¾ããöÌã¾ã¶ã ãñ not possess working knowledge of Hindi, were trained ãäÊã ¹ãîÀñ ¹ãƾããÔã ãäãý ÌãÓãà ãñ ªãõÀã¶ã 248 Ôã¹ã ÔãªÔ¾ããò ããñ, ãäã¶Öò in IOB Praveen and Banking Pragya Courses. 2,809 Staff ãäÖ¶ªãè ãã ãã¾ãÃÔãã£ãã ãã¶ã ¹ãÆ㹦㠶ãÖãé Öõ, ããããñºããè ¹ãÆÌããè¥ã ¦ã©ãã members, possessing working knowledge of Hindi, were trained in General Hindi Workshops held during the year. ºãöãäãâØã ¹ãÆãã ¹ãã¿ãã½ã ãã ¹ãÆãäÍãàã¥ã ã䪾ãã Øã¾ããý ãäÖ¶ªãè ãã ãã¾ãÃÔãã£ãã Rajbhasha Sangoshti was held on September 12, 2009 ãã¶ã ¹ãÆ㹦ã 2809 Ôã¹ã ÔãªÔ¾ããò ããñ Ôãã½ã㶾ã ãäÖ¶ªãè ãã¾ãÃÍããÊããããò ½ãò for heads of Central Office departments to strengthen ¹ãÆãäÍãäãàã¦ã ãäã¾ãã Øã¾ããý ãò³ãè¾ã ãã¾ããÃÊã¾ã ½ãò Àãã¼ããÓãã ãã¾ããöÌã¾ã¶ã ããñ the Official Language Implementation in Central Office. ÔãìÒ¤ ºã¶ãã¶ãñ Öñ¦ãì Ôã¼ããè ãäÌã¼ããØã ¹ãƽãìããò ãñ ãäÊã ãäÔã¦ã½ºãÀ 12, 2009 Minutes of meetings of all board level committees ããñ Àãã¼ããÓãã ÔãâØããñÓãè ãã ãã¾ããñã¶ã ãäã¾ãã Øã¾ããý were translated in Hindi. As per the directives of Govt. of India, the Bank has enabled Hindi Unicode ºããñ¡Ã Ô¦ãÀãè¾ã Ôã¼ããè ºãõããò ãñ ãã¾ãÃÌãð¦¦ã ãã ãäÖ¶ªãè ½ãò ã¶ãìÌã㪠ãäã¾ãã font in all Regional Offices and has provided the Øã¾ããý ¼ããÀ¦ã ÔãÀããÀ ãñ ãä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºãöã ¶ãñ Ôã¼ããè àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò facility of Hindi font Shusha on IOB ONLINE for ½ãò ãäÖ¶ªãè ¾ãîãä¶ãããñ¡ ¹ããù¥ ¹ãÆãä¦ãÓããä¹ã¦ã ãäã¾ãã ããõÀ Ôã¼ããè Íããããããò ½ãò downloading purpose in branches. Bank has also ¡ã¶ãÊããñãä¡âØã ãñ ¹ãƾããñã¶ã ããè ÒãäÓ Ôãñ ãã ããñ ºããè ããù¶ãÊãã¶ã ½ãò provided the Banking terminology on IOB ONLINE for the benefit of staff members. Bank has given ãäÖ¶ªãè ÍãìÔÖã ¹ããù¥ ããè ÔãìãäÌã£ãã ¼ããè ¹ãÊ㺣ã ãÀã¾ããè Øã¾ããè Öõý Ôã¹ã necessary training to 2,445 staff members for the ãñ ¹ãƾããñØãã©ãà ºãöã ¶ãñ ããù¶ãÊãã¶ã ¹ãÀ ºãöãäãâØã Í㺪ãÌãÊããè ¼ããè ¹ãÊ㺣ã use of Hindi in computers. Bank has published all ãÀÌããà Öõý ºãöã ¶ãñ 2445 Ôã¹ã ÔãªÔ¾ããò ããñ ãâ¹¾ãîÀãò ¹ãÀ ãäÖ¶ªãè ½ãò the four issues of quarterly Hindi Magazine VANI ãã¾ãà ãÀ¶ãñ ãñ ãäÊã ããÌã;ãã ¹ãÆãäÍãàã¥ã ã䪾ããý ºãöã ¶ãñ ¨ãõ½ãããäÔãã ãäÖ¶ªãè in print as well as in digital form. Banks website ¹ããä¨ããã Ìãã¥ããè ãñ ÞããÀ ãâããò ãã Ôã½ã¾ã ¹ãÀ ¹ãÆããÍã¶ã ãä¡ãäãÊã Ìã has been made available in Hindi also. ½ãì³¥ã ãñ ¹㠽ãò ãäã¾ããý ºãöã ããè ÌãñºãÔãã ãäÖ¶ªãè ½ãò ¼ããè ¹ãÊ㺣ã ãÀÌãã Bank won the First Prize under Indira Gandhi ªãè Øãà Öõý Rajbhasha Shield for the year 2008-09 for commendable work in the area of Official Language ÌãÓãà 2008-09 ãñ ªãõÀã¶ã Àãã¼ãããÓãã ãã¾ããöÌã¾ã¶ã ½ãò ÔãÀãÖ¶ããè¾ã ãã¾ãà Implementation. Shri S A Bhat, Chairman & Managing ãÀ¶ãñ ãñ ãäÊã âãäªÀã Øããú£ããè Àãã¼ããÓãã ÍããèÊ¡ ãñ ¦ã֦㠺ãöã ããñ ¹ãÆ©ã½ã Director of the Bank, received this Award from Her ¹ãìÀÔããÀ ¹ãÆ㹦ã Öìããý 14 ãäÔã¦ãâºãÀ 2009 ããñ ¼ããÀ¦ã ãñ ½ãÖã½ããäÖ½ã ÀãÓȹããä¦ã Excellency President of India Smt. Pratibha Devi Singh Patil on September 14, 2009. ½ãÖãñª¾ãã Ñããè½ã¦ããè ¹ãÆãä¦ã¼ãã ªñÌããè ãäÔãâÖ ¹ãããèÊã Ôãñ ºãöã ãñ 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã Ñããè Ôã. . ¼ã ¶ãñ ¾ãÖ ¹ãìÀÔããÀ ¹ãÆ㹦ã ãäã¾ããý Reserve Bank of India awarded Second Prize to the Bank for Hindi house magazine VANI for the year ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ºãöããò ¦ã©ãã ãäÌ㦦ããè¾ã ÔãâÔ©ããããò ããè ØãðÖ- 2008-09 in the Inter-Bank & Financial Institutions ¹ããä¨ãããããò ãñ ãäÊã ãã¾ããñãäã¦ã ¹ãÆãä¦ã¾ããñãäØã¦ãã ½ãò ÌãÓãà 2008-09 Öñ¦ãì Hindi in-house Magazine Competition.
17 ºãöã ããè ØãðÖ-¹ããä¨ããã Ìãã¥ããè ããñ ãä´¦ããè¾ã ¹ãìÀÔããÀ ¹ãÆ㹦ã Öìããý Regional Offices were inspected on Official Language implementation by Official Language Department, ãò³ãè¾ã ãã¾ããÃÊã¾ã ãñ Àãã¼ããÓãã ãäÌã¼ããØã ´ãÀã àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ½ãò Àãã¼ããÓãã Central Office and Rajbhasha Shields were awarded ãã¾ããöÌã¾ã¶ã ããè ãäÔ©ããä¦ã Ôãñ Ôãâºãâãä£ã¦ã ãä¶ãÀãèàã¥ã ãäã¾ãã Øã¾ãã ããõÀ Àãã¼ããÓãã to Regional Offices and branches doing good work ãã¾ããöÌã¾ã¶ã ãñ àãñ¨ã ½ãò ãÞã ãã¾ãà ãÀ¶ãñ ÌããÊãñ àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ¦ã©ãã in official language implementation. Íããããããò ããñ Àãã¼ããÓãã ÍããèÊ¡ ¹ãƪã¶ã ãäã Øãý The drafting and evidence Sub -Committee of Parliamentary Committee on Official Language had ÌãÓãà ãñ ªãõÀã¶ã ÔãâÔãªãè¾ã Àãã¼ããÓãã Ôããä½ããä¦ã ããè ããÊãñã Ìã Ôããà¾ã ¹ã- discussions with the Chairmen and heads of Banks Ôããä½ããä¦ã ¶ãñ Àã¾ã¹ãìÀ ¶ãØãÀ ããè ¶ãØãÀ Àãã¼ããÓãã ãã¾ããöÌã¾ã¶ã Ôããä½ããä¦ã ãñ of Town Official Language Committees at Raipur. The 㣾ãàã Ìãâ ÔãªÔ¾ã ºãöããò ãñ ¹ãƽãìããò ãñ Ôãã©ã ÞãÞããà ããèý Ö½ããÀñ ºãöã ããè Bank was also invited for discussion and the Íãããã ããñ ¼ããè ÞãÞããà Öñ¦ãì Íãããä½ãÊã ãäã¾ãã Øã¾ãã ããõÀ Ôããä½ããä¦ã ¶ãñ Ö½ããÀñ ºãöã committee expressed satisfaction over the performance of the Bank at this centre. ãñ ãã¾ãÃãä¶ãÓ¹ã㪶㠹ãÀ Ôãâ¦ãìãäÓ ã¦ããà ý As convener of Chennai Town Official Language Àãã¼ããÓãã ãäÌã¼ããØã, ØãðÖ ½ãâ¨ããÊã¾ã, ¼ããÀ¦ã ÔãÀããÀ Ôãñ Àãã¼ããÓãã ¶ããèãä¦ã ãñ Implementation Committee, the Bank has received Ôã¹ãÊã ãã¾ããöÌã¾ã¶ã ãñ ãäÊã ÌãÓãà 2008-09 Öñ¦ãì Þãñ¸ãõ ¶ãØãÀ Àãã¼ããÓãã the Second Prize for its efforts in implementation of ãã¾ããöãÌã¾ã¶ã Ôããä½ããä¦ã ãñ Ôãâ¾ããñãã ãñ ¹㠽ãò ºãöã ¶ãñ ¹ãìªìÞÞãñãäÀ ½ãò ãã¦ãîºãÀ Official Language Policy during the year 2008-09 from Official Language Department, Ministry of Home 9, 2009 ããñ ãã¾ããñãäã¦ã àãñ¨ããè¾ã Àãã¼ããÓãã Ôã½½ãñÊã¶ã ½ãò ½ãã¶ã¶ããè¾ã ØãðÖ Affairs, Government of India. The Prize was given Àã¾ã ½ãâ¨ããè Ñããè ãã¾ã ½ããã¶ã Ôãñ ãä´¦ããè¾ã ¹ãìÀÔããÀ ¹ãÆ㹦ã ãäã¾ããý Ôããä½ããä¦ã by Shri Ajay Makan, Minister of State for Home Affairs, ããè ããñÀ Ôãñ ºãöã ´ãÀã ÔãªÔ¾ã ºãöããò / ãäÌ㦦ããè¾ã ÔãâÔ©ããããò ãñ Ôã¹ã New Delhi on October 9, 2009. On behalf of the ÔãªÔ¾ããò ãñ ãäÊã ªãñ Ôãã½ã㶾ã ãäÖ¶ªãè ãã¾ãÃÍããÊããããò, 12 ãâ¦ãÀ-ºãöã committee, the Bank conducted two General Hindi ãäÖ¶ªãè ¹ãÆãä¦ã¾ããñãäØã¦ããããò, Ôãâ¾ãìã¦ã ãäÖ¶ªãè ½ããÖ Ôã½ããÀãñÖ Ìãâ ãäÖ¶ªãè ¾ãîãä¶ãããñ¡ Workshops, 12 Inter-Bank Hindi competitions, Joint Hindi Month Celebration function and Hindi Unicode ¹ãÆãäÍãàã¥ã ãã¾ãÃã½ã ãã ãã¾ããñã¶ã ãäã¾ãã Øã¾ããý ã䪶ããâã ã¶ãÌãÀãè 8, training programme for the staff members of member 2010 ããñ Ìãñ¦ã¶ã½ãã¶ã IV Ñãñ¥ããè ãñ ¹ãƺãâ£ãããò ãñ ãäÊã ØãÆãÖã ÔãñÌãã ¹ãÀ banks / Financial Institutions. A special Seminar in ãäÖ¶ªãè ½ãò ãäÌãÍãñÓã ÔãâØããñÓãè ãã¾ããñãäã¦ã ããè ØãÃý Ôããñ ãÊããÌãã ªãñ ã£ãà Hindi on Customer Service for Managers of Scale ÌãããäÓãÃã ºãõãò ¼ããè ãã¾ããñãäã¦ã ããè ØãÄý IV was held on January 8 ,2010. In addition to this two half yearly meetings were also conducted. àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãöã Regional Rural Banks ºãöã ´ãÀã ¹ãÆã¾ããñãäã¦ã àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãöããò (ããÀããÀºããè) ¾ã©ãã ¹ããâã䡾ã¶ã The Regional Rural Banks (RRBs) sponsored by the ØãÆã½ã ºãöã ããõÀ ¶ããèÊããâÞãÊã ØãÆ㽾㠺ãöã ¶ãñ ÌãÓãà ãñ ªãõÀã¶ã ãÞã ãä¶ãÓ¹ã㪶ã Bank, viz Pandyan Grama Bank and Neelachal ãäã¾ããý ªãñ¶ããò àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãöããò ¶ãñ ÌãÓãà ãñ ªãõÀã¶ã ãä¶ãÌãÊã Êãã¼ã ªãà Gramya Bank performed well during the year. Both ãäã¾ããý the RRBs recorded net profit during the year. ãã¹ããóÀñ ØãÌã¶ãó¶Ôã Corporate Governance The Bank prides itself on its diligence in ensuring ãä¶ã¾ãã½ãã ¹ãÆããä£ããããäÀ¾ããò ´ãÀã ãä¶ã£ããÃãäÀ¦ã ½ãã¶ãªâü¡ãò ãñ ã¶ãì¹ããÊã¶ã ããñ ºãöã compliance with norms laid down by regulatory ÔããÌã£ãã¶ããè Ôãñ Ôãìãä¶ããäÍÞã¦ã ãÀ ÀÖã Öõý ºãöã Ôã ºãã¦ã ããè ããÌã;ãã¦ãã ¹ãÀ authorities. The Bank lays emphasis on the need ºãÊã ªñ ÀÖã Öõ ãäã ÔãâÀÞã¶ããããò ããõÀ ¹ãÆãäã¾ããããò ããñ ̾ãÌããäÔ©ã¦ã Àã¶ãã for ensuring that structures and processes are put Ôãìãä¶ããäÍÞã¦ã ãäã¾ãã ãã ¦ãããäã ºãöã ã¹ã¶ããè ¹ãÆÍããÔãããè¾ã ãäã½½ãñªããäÀ¾ããò ããñ in place to help in fulfilling its governance ¹ãîÀã ãÀ Ôããòý ãÞñ ¹ãÆÍããÔã¶ã ããñ ¹ãÆÌããä¦ãæã ãÀ¶ãñ ããõÀ ¦¦ã½ã ̾ãÌãÖãÀãò, responsibilities. The Board recognizes its role in promoting good governance and in creating a ¹ãÆãäã¾ããããò Ìãâ ¶ãõãä¦ãã¦ããããò ããè ¹ãÀñãã Ôãðãäã¦ã ãÀ¶ãñ ½ãò ºãöã ã¹ã¶ããè framework of best practices, processes and ethics ¼ãîãä½ããã ããñ ¼ãÊããè-¼ããúãä¦ã Ôã½ã¢ã¦ãã Öõ, ãäãÔãÔãñ ãäã ¶ãõãä¦ãã ½ãã¶ãã¦ãã ãã to observe and foster high ethical standards. ¹ããÊã¶ã Ìã ¹ããñÓã¥ã ãäã¾ãã ãã Ôããòý The Bank has laid down a well-defined Code of ºãöã ¶ãñ Ôãì¹ããäÀ¼ãããäÓã¦ã ããÞãÀ¥ã ÔãâãäÖ¦ãã ºã¶ããà Öõ ãäãÔã½ãò ýãã¶ãªãÀãè, ºãöã Conduct, which address issues of integrity, conflict ãäÖ¦ããò ããè Ààãã ããõÀ Øããñ¹ã¶ããè¾ã¦ãã ãñ ºããÀñ ½ãò ÊÊãñã Öõý Ôãã©ã Öãè ºãöã of interest and confidentiality and stress the need for ethical conduct, which is the basis of good ãÞñ ããÞãÀ¥ã ããè ããÌã;ãã¦ãã ¹ãÀ ºãÊã ªñ¦ãã Öõ ããñ ãÞñ ØãÌã¶ãôÔã ãã governance. This Code of Conduct is applicable to ãã£ããÀ Öõý ¾ãÖ ããÞãÀ¥ã ÔãâãäÖ¦ãã ½ãâ¡Êã ãñ Ôã¼ããè ÔãªÔ¾ããò ããõÀ ºãöã ãñ all the members of the Board and Senior Management ÌããäÀÓ ¹ãƺãâ£ã¶ã (¾ãã¶ããè ½ãÖã ¹ãƺãâ£ãããò) ¹ãÀ ÊããØãî Öãñ¦ããè Öõý (i.e. General Managers) of the Bank. ãäãÔããè ¼ããè ããà ¦ã©ãã Ôããñ ãä¶ãÌãñÍãããò/Ôñã£ããÀããò ãñ ºããèÞã ãäÞã¦ã High standards of reporting and disclosure are ãÌããºãªñÖãè ãñ ãäÊã ÞÞã ãäÀ¹ããñãäÄØã ããõÀ ¹ãÆããèãÀ¥ã ã¹ãñãäàã¦ã Öãñ¦ãã Öõý essential for proper accountability between an entity and its investors/stakeholders. Thus, the Bank ¹ãÆããèãÀ¥ã ããõÀ ãäÌ㦦ããè¾ã ãäÀ¹ããñãäÄØã ããè Ô㦾ããä¶ãÓã ããõÀ Ôã½ã¾ãºã®¦ãã facilitates and adopts good Corporate Governance ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ Ôãâºãâ£ããè ã¹ã¶ããè ¹ãÆãä¦ãºã®¦ãã ãñ ´ãÀã ºãöã ãÞñ by its commitment to ensuring timeliness and integrity ãã¹ããóÀñ ØãÌã¶ãôÔã ããñ ã¹ã¶ãã¦ãã Öõ ããõÀ Ôãñ ºãã£ãã ½ãì¦ã Àã¦ãã Öõ, ¦ãããäã of disclosures and financial reporting so as to keep ¹ããÀªãäÍãæãã Ìã Ôãàã½ã¦ãã ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ãäÊã ã¹ã¶ãñ ãä¶ãÌãñÍãããò Ìã investors and stakeholders adequately informed to ensure transparency and efficiency.
18 Ôñã£ããÀããò ããñ ¹ã¾ããù¦ã ãã¶ãããÀãè Ôãñ ÊãõÔã Àã Ôããòý Pursuant to Clause 49 of the Listing Agreement, ÔãîÞããèºã® ãÀãÀ ãñ 㥡 49 ãñ ã¶ãìÔããÀ ¹ãƺãâ£ã¶ã ÞãÞããà ããõÀ ãäÌãÍÊãñÓã¥ã Management Discussion & Analysis Report, Report on ãäÀ¹ããñÃ, ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ ãäÀ¹ããñà ãñ Ôãã©ã-Ôãã©ã ãã¹ããóÀñ ØãÌã¶ãó¶Ôã Corporate Governance as well as Certificate by the auditors regarding compliance of the conditions of ãñ ã£ããè¶ã ãã¶ãñÌããÊããè Íã¦ããô ãñ ã¶ãì¹ããÊã¶ã ãñ Ôãâºãâ£ã ½ãò Êãñãã ¹ãÀãèàãããò Corporate Governance, form part of this Annual Report. ãã ¹ãƽãã¥ã ¹ã¨ã ¼ããè Ôã ÌãããäÓãÃã ãäÀ¹ããñà ãã ã ¼ããØã Öõý Board of Directors ãä¶ãªñÍãã ½ãâ¡Êã Shri G. Narayanan, Executive Director, demitted office Ñããè ããè. ¶ããÀã¾ã¥ã¶ã, ãã¾ãùããÊãã ãä¶ãªñÍãã 31 ãã¦ãîºãÀ 2009 ããñ ã¹ã¶ãñ on October 31, 2009. Smt. Nupur Mitra assumed charge as one more Executive Director on December ¹ãª Ôãñ ÔãñÌãã-ãä¶ãÌãð¦¦ã Öìý Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã ¶ãñ 7 ãäªÔãâºãÀ 2009 ããñ 7, 2009 . Shri M. Ravindra Vikram, Director under ãã¾ãùããÊãã ãä¶ãªñÍãã ãñ ¹㠽ãò ãã¾ãüããÀ Ôãâ¼ããÊãã Öõý ºãöãããÀãè ãâ¹ã¶ããèã section 9 (3) (g) of the Banking Companies (¹ãã½ããò ãã ããä£ãØãÆÖ¥ã Ìãâ ãâ¦ãÀ¥ã) ããä£ããä¶ã¾ã½ã 1970 - Ôã¶ãªãè (Acquisition and Transfer of Undertakings) Act 1970 ÊãñããããÀ ÌãØãà ããè £ããÀã 9 (3) (ããè) ãñ ¦ãÖ¦ã Ñããè ÀÌãã足 ãäÌãã½ã, - Chartered Accountant Category, demitted office as director on October 10, 2009 on completion of his ãä¶ãªñÍãã ¶ãñ ¦ããè¶ã ÌãÓãà ãñ ãã¾ãÃããÊã ããè Ôã½ããã书ã ãñ ºã㪠ãã¦ãîºãÀ, 10, tenure of three years. 2009 ããñ ãä¶ãªñÍãã ãñ ¹㠽ãò ã¹ã¶ã㠹㪠¦¾ããØã ã䪾ããý The Government of India nominated Shri Sooraj ¼ããÀ¦ã ÔãÀããÀ ¶ãñ Ñããè ÔãîÀã ã¨ããè ããñ ãâÍããããäÊãã ØãõÀ- ÔãÀããÀãè ãä¶ãªñÍãã Khatri as a part-time non-official Director for a second ãñ ¹㠽ãò ã䪶ããâã 26 ãã¦ãîºãÀ 2009 Ôãñ ¦ããè¶ã ÌãÓãà ãñ ãã¾ãÃããÊã ãñ term of three years with effect from October 26, 2009. ãäÊã ªîÔãÀãè ºããÀ ¶ãããä½ã¦ã ãäã¾ãã Öõý Shri J. D. Sharma, presently President of the Indian Overseas Bank Officers Association (IOBOA) Ñããè ãñ.¡ãè.Íã½ããà ¶ãñ, ããñ Ìã¦ãýãã¶ã ½ãò ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ããä£ãããÀãè demitted office as Officer Employee Director on ÔãâÜã (ããããñºããèããñ) ãñ 㣾ãàã Öö, 30 ¶ãÌãâºãÀ 2009 ããñ ããä£ãããÀãè November 30, 2009 . The Government of India ã½ãÃÞããÀãè ãä¶ãªñÍãã ãñ ¹㠽ãò ã¹ã¶ãã ãã¾ããÃÊã¾ã ¦¾ããØã ã䪾ããý ÔãÀããÀ ¶ãñ nominated Shri K. Ananda Kumar, presently General Secretary of IOBOA, as Officer Employee Ñããè ãñ. ãã¶ã⪠ãì½ããÀ ããñ ããñ Ìã¦ãýãã¶ã ãò ããããñºããèããñ ½ãò ½ãÖã ÔããäÞãÌã Director for a period of three years with effect from Öö, ããä£ãããÀãè ã½ãÃÞããÀãè ãä¶ãªñÍãã ãñ ¹㠽ãò ½ããÞãà 26, 2010 Ôãñ ¦ããè¶ã March 26, 2010. ÌãÓãà ããè ãÌããä£ã ãñ ãäÊã ¶ãããä½ã¦ã ãäã¾ããý The Board of Directors place on record the valuable contributions made by the erstwhile Directors and ãä¶ãªñÍãã ½ãâ¡Êã ¼ãî¦ã¹ãîÌãà ãä¶ãªñÍãããò ãñ ºãÖì½ãîʾ㠾ããñØãªã¶ã ããñ ãäÀãã¡Ã extend a warm welcome to the new Directors. ãÀ¦ãã Öõ ããõÀ ¶ã ãä¶ãªñÍãããò ãã ÖããäªÃã ÔÌããØã¦ã ãÀ¦ãã Öõý Acknowledgements ãã¼ããÀãñãäã¦ã The Board of Directors place on record their gratitude ãä¶ãªñÍãã ½ãâ¡Êã ã¹ã¶ãñ ºãÖì½ãîʾã ØãÆãÖããò, Íãñ¾ãÀ£ããÀããò, 㶾ã Ôñã£ããÀããò to the valued customers, shareholders, other ããõÀ ¼ããÀ¦ã ½ãò ããõÀ ãäÌãªñÍã ½ãò ãäÔ©ã¦ã ºãöã ãñ Ôãâ¹ããÃã¦ããÃããò ããñ, ¶ããñ stakeholders and correspondents of the Bank in India Ôãì¶ãã½ã, ÔãâÀàã¥ã ããõÀ Ôã½ã©ãöã ãñ ãäÊã ã¹ã¶ãã ãã¼ããÀ ¹ãÆã ãÀ¦ãã Öõý and abroad, for their goodwill, patronage and support. The Board of Directors acknowledge with gratitude ãä¶ãªñÍãã ½ãâ¡Êã, ¼ããÀ¦ã ÔãÀããÀ, ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã, ¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã the valuable guidance and cooperation received from Ìãâ ãäÌããä¶ã½ã¾ã ºããñ¡Ã, Ôãùã ãÔÞãòã, ãäÌããä¼ã¸ã Àã¾ã ÔãÀããÀãò Ìãâ ãäÌ㦦ããè¾ã the Government of India, Reserve Bank of India, ÔãâÔ©ããããò ´ãÀã ¹ãƪ¦¦ã ½ãîʾãÌãã¶ã ÔãÖ¾ããñØã ããñ ãäÀããù¡Ã ãÀ¦ãã Öõý ãä¶ãªñÍãã Securities and Exchange Board of India, Stock Exchanges, various State Governments and Financial ½ãâ¡Êã ÖãâØãããâØã ½ããõãä³ã ¹ãÆããä£ãããÀãè, ãäÔãâØãã¹ãìÀ ½ããõãä³ã ¹ãÆããä£ãããÀãè, ãäÌ㦦ããè¾ã Institutions. The Board is also thankful to the Hong ¹ã¾ãÃÌãñàããè ÔãñÌããú, ããñãäÀ¾ãã, ÑããèÊãâãã ãñ ãò³ãè¾ã ºãöã, Þããè¶ã ºãöãäãâØã Kong Monetary Authority, Monetary Authority of ÀñؾãîÊãñÀãè ã½ããèÍã¶ã, ºãöã ¶ãñØããÀã, ½ãÊãñãäÍã¾ãã, ºãöã ããù¹ã ©ããÊãö¡ ããõÀ Singapore, Financial Supervisory Services - Korea, Ôñ ºãöã ããù¹ã ãäÌã¾ã¦ã¶ãã½ã ããõÀ Ôãñ¶ÈÊã ºãöã ããù¹ã ¾ãîà ãñ ¹ãÆãä¦ã ¼ããè Central Bank of Sri Lanka, China Banking Regulatory Commission, Bank Negara - Malaysia, Bank of ¶ããñ ÔãÖ¾ããñØã ãñ ãäÊã ãã¼ããÀãè Öõý Thailand, State Bank of Vietnam and Central Bank ãä¶ãªñÍããØã¥ã ºãÖì¦ã ãìÍã Öö ãäã ã½ãÃÞããÀãè ÔãâÜã Ìãâ ããä£ãããÀãè ÔãâÜã ãñ of UAE for their support. ÔãããÀ㦽ãã ÒãäÓããñ¥ã ãñ ããÀ¥ã ããõ²ããñãäØãã Ôãâºãâ£ã ºãÖì¦ã ÔããõÖãªÃ¹ãî¥ãà Industrial relations in the Bank have been cordial Ööý ãä¶ãªñÍãã ½ãâ¡Êã Ôã¹ã ÔãªÔ¾ããò ãñ ¹ãÆãä¦ã ¶ããñ ¾ããñØãªã¶ã ãñ ãäÊã due to the positive attitude of the Employees Union and Officers Association. The Board of Directors ÔãÀãÖ¶ãã ̾ãã¦ã ãÀ¦ãã Öõý expresses their appreciation of the contribution made ãä¶ãªñÍãã ½ãâ¡Êã ãñ ãäÊã ¦ã©ãã Ôãããè ããñÀ Ôãñ by the members of the staff. For and on behalf of the Board of Directors
Þãñ¸ãõ Ôã. . ¼ã Chennai S. A. BHAT 29 ã¹ãÆõÊã 2010 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã April 29, 2010 Chairman and Managing Director
19 ¹ãƺãâ£ã¶ã ÞãÞããà Ìãâ ãäÌãÍÊãñÓã¥ã MANAGEMENT DISCUSSION AND ANALYSIS ãããä©ãÃã ¹ããäÀÌãñÍã Economic Environment ¼ããÀ¦ããè¾ã ã©ãÃ̾ãÌãÔ©ãã ½ãò ÌãÓãà 2009-10 ãñ ªãõÀã¶ã 7.2% ããè Ìãðãä® Indian economy recorded 7.2% growth during ªãà ããè ØãÃý ãÀãºã ½ãã¶ãÔãî¶ã ãã ¹ãƼããÌã ãðãäÓã ¹ãÀ ¹ãü¡ãý ¹ãÀâ¦ãì Àºããè ããè 2009-10. Agriculture was impacted by the poor monsoon but the impact could be muted by better ¹ãÔãÊããò ½ãò ãÞñ ¦¹ã㪶ã Ôãñ Ôã ¹ãƼããÌã Ôãñ ºãÀã ãã Ôãããý ÌãÓãà ãñ performance in the Rabi season. Industrial growth ¹ãÆ©ã½ã 9 ½ãÖãè¶ããò ½ãò ²ããñØã ããè Ìãðãä® 8.6% ÀÖãèý ãã¾ãã¦ã Ìã ãä¶ã¾ããæã ãñ in the first nine months of the financial year was àãñ¨ã ½ãò Ôããè ãÌããä£ã ½ãò ÌãõãäÍÌãã Ôãâã ãñ ããÀ¥ã ããà ½ãâªãè Ôãñ ãÞãè 8.6%. During the same period, exports and imports ØããÖãè ãñ Ôãâãñ¦ã Ööý showed signs of recovery from the slowdown caused by the global crisis. ºãöãäãâØã ¹ããäÀÌãñÍã Banking Environment ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ¶ãñ ã¹ã¶ããè ÌããäÓãÃã ¶ããèãä¦ã ½ãò Àñ¹ããñ ªÀ ½ãò Êã ¹ã The Reserve Bank of India, in its Annual Policy, ãñ ã£ããè¶ã 5.0 % Ôãñ 4.75% ¾ãã¶ããè 25 ºãñãäÔãÔã ¹Ìããâ ããè ã½ããè reduced Repo Rate under the LAF by 25 basis points ÜããñÓã¥ãã ããèý ãäÀÌãÔãà Àñ¹ããñ ªÀ ½ãò ¼ããè 3.5% Ôãñ 3.25% ¾ãã¶ããè 25 from 5.0% to 4.75%. Reverse Repo Rate was also ºãñãäÔãÔã ¹Ìããâ ããè ã½ããè ããè ÜããñÓã¥ãã ããè ØãÃý ¶ãÌãâºãÀ 7 ,2009 ãñ brought down by 25 basis points from 3.5% to 3.25%. ¹ããÌããü¡ñ Ôãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ¶ãñ Ôã Êã ããÀ ããñ 25 % ¾ãã¶ããè From the fortnight beginning November 7, 2009, the RBI raised SLR to the pre-crisis level of 25%. CRR Ôãâã ¹ãîÌãà ԦãÀ ¹ãÀ Àã¶ãñ ããè ÜããñÓã¥ãã ããèý ¹ãÀÌãÀãè 2010 ½ãñâ Ôããè ããÀ was increased from 5.0% to 5.75% in two stages in ããÀ ããñ ªãñ ÞãÀ¥ããò ½ãñ 5.0% Ôãñ 5.75 % ¦ãã ºãü¤ã¾ãã Øã¾ããý ½ãì³ã February 2010. As an anti-inflation measure, the RBI Ô¹ããèãä¦ã Ôãñ ãä¶ã¹ãã¶ãñ ãñ ¹ãã¾ã ãñ ¦ããõÀ ¹ãÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ¶ãñ 19 hiked the repo rate from 4.75% to 5.0% and reverse ½ããÞãà 2010 ããñ Àñ¹ããñ Àñ 4.75%Ôãñ 5.0 % ããõÀ ãäÀÌãÔãà Àñ¹ããñ ªÀ ããñ repo from 3.25% to 3.50% on March 19, 2010. 3.25% Ôãñ ºãü¤ããÀ 3.50% ãÀ ã䪾ããý The year traversed from easy money policy to tight policy regime in the second half of the year and it ÌãÓãà ããè ªîÔãÀãè ½ããÖãé ãñ ªãõÀã¶ã ããÔãã¶ã ½ããõãä³ã ¶ããèãä¦ã Ôãñ ããä¶ã ½ããõãä³ã is likely to continue in 2010-11 as could be inferred ¶ããèãä¦ã ½ãò ãã¶ãñ ãã ªãõÀ ÀÖã ããõÀ 2010-11 ãñ ªãõÀã¶ã ¼ããè Ôããñ ºã¶ãñ from the Annual Policy 2010-11 wherein the RBI has ÀÖ¶ãñ ããè Ôãâ¼ããÌã¶ãã Öõ ã¾ããòãäã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ¶ãñ ã¹ã¶ãñ ÌãããäÓãÃã raised Repo Rate and Reverse Repo Rate by further ¶ããèãä¦ã 2010-11 ½ãò Àñ¹ããñ ªÀ ããõÀ ãäÀÌãÔãà Àñ¹ããñ ªÀ ããñ ããõÀ 25 ºãñãäÔãÔã 25 basis points to 5.25% and 3.75% respectively. ¹Ìããâ ºãü¤ããÀ ã½ãÍã: 5.25% ããõÀ 3.75% ãÀ¶ãñ ããè ÜãñãÓã¥ãã ããèý CRR was also hiked by 25 basis points to 6.0%. Ôããè ããÀ ããÀ ããñ ¼ããè 25 ºãñãäÔãÔã ¹ÌããÃâ ºãü¤ããÀ 6.0% ãÀ ã䪾ãã THE BANKS OPERATIONS Øã¾ããý Deposits Aggregate domestic deposits of the Bank increased ºãöã ãñ ¹ããäÀÞããÊã¶ã from Rs.95,434 crore in March 2009 to Rs.1,05,434 ã½ãã ÀããäÍã¾ããú crore in March 2010 at a growth rate of 10.48%. ºãöã ããè ÜãÀñÊãî ã½ããâ 10.48% ããè Ìãðãä® ªÀ Ôãñ ½ããÞãà 2009 ãñ Á. Domestic core deposits of the Bank registered a significant growth of 24.89% over March 2009 due 95,434 ãÀãñü¡ Ôãñ ºãü¤ãÀ ½ããÞãà 2010 ½ãò Á.1,05,434 ãÀãñü¡ Öãñ to conscious shedding of high cost term deposits. ØãÃý ÞÞã ÊããØã¦ã ÔããÌããä£ã ã½ããããò ãñ ¹ãÆãä¦ã ÔãÞãñ¦ã ÀÖ¶ãñ ãñ ããÀ¥ã ºãöã ããè ããñÀ ã½ãã ½ãò ½ããÞãà 2009 Ôãñ 24.89% ããè ÊÊãñã¶ããè¾ã Ìãðãä® Credit ÖìÃý Domestic Gross advances rose from the level of Rs.68,480 crore in March 2009 to Rs.73,026 crore £ããÀ in March 2010 despite adverse market condition on ÌãõãäÍÌãã ãããä©ãÃã ½ãâªãè ãñ ããÀ¥ã ¹ãÆãä¦ããîÊã ºããããÀ ãäÔ©ããä¦ã¾ããò ãñ ºããÌããîª account of global economic slow down. ºãöã ããè ÔããÊã ÜãÀñÊãî ã½ããâ ½ããÞãà 2009 ãñ Á. 68,480 ãÀãñü¡ Ôãñ Priority Sector Credit ºãü¤ãÀ ½ããÞãà 2010 ½ãò Á. 73,026 ãÀãñü¡ Öãñ ØãÃý As per the guidelines of RBI, achievement under Priority Sector for the year 2009-2010 is computed ¹ãÆã©ããä½ãã¦ãã àãñ¨ã £ããÀ taking the Adjusted Net Bank Credit (ANBC) of ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãã-ãä¶ãªóÍããò ãñ ã¶ãìÔããÀ ¹ãÆã©ããä½ãã¦ãã àãñ¨ã ãñ March 2009 as the base. For the year ended March 2010, the percentage of Priority Sector advances to 㶦ãØãæã ÌãÓãà 2009-10 ãñ ãäÊã ¹ãÊãã亣ã¾ããò ããè Øã¥ã¶ãã ½ããÞãà 2009 Adjusted Net Bank Credit was at 40.59 %, the ããñ ãã£ããÀ ½ãã¶ããÀ Ôã½ãã¾ããñãäã¦ã Êãñãã ¹ãÀãèãäàã¦ã ãä¶ãÌãÊã ºãöã £ããÀ quantum being Rs. 27,237 crore. Thus the Bank (¶ãºããèÔããè) ããñ ÊãñãÀ ããè ãã¦ããè Öõý ½ããÞãà 2010 ããñ Ôã½ã㹦ã ÌãÓãà ãñ fulfilled the stipulated norm of 40% under Priority ãäÊã ¹ãÆã©ããä½ãã¦ãã àãñ¨ã £ããÀ ããè ¹ãÆãä¦ãÍã¦ã¦ãã ããõÀ Ôã½ãã¾ããñãäã¦ã ãä¶ãÌãÊã Sector credit. £ããÀ ãã ã¶ãì¹ãã¦ã 40.59% ÀÖãèý ¹ãƽãã¨ãã Á.27,237 ÀÖãèý ã¦ã: SME ºãöã ¶ãñ ¹ãÆã©ããä½ãã¦ãã ÔãñÌãã £ããÀ ãñ ãä¶ããäªÃÓ Êãà¾ã 40% ããñ ¹ãîÀã ãäã¾ããý The Bank extended credit of Rs.11,660 crore to SME ÊãÜãì ½ã£¾ã½ã ²ã½ã Sector as at the end of March 2010. This includes advances to Micro and Small enterprises to the tune ½ããÞãà 2010 ãñ ãâ¦ã ¦ãã ºãöã ¶ãñ Ôã ½ã à àãñ¨ã ½ãò Á. 11,660 ãÀãñû¡ of Rs.9,659 crore which forms part of Priority Sector
20 ãã ¨ãÉ¥ã ãäÌã¦ããäÀ¦ã ãäã¾ããý Ôã½ãò Ôãîà½ã Ìã ÊãÜãì ²ã½ããò ããñ ã䪾ãã Øã¾ãã Credit. The Bank increased its advance to SME Sector Á. 9,659 ãÀãñü¡ ãã ¨ãɥ㠼ããè Íãããä½ãÊã Öõ ããñ ¹ãÆã©ããä½ãã¦ãã £ããÀ ãã by 24.10% surpassing the mandatory requirement ãäÖÔÔãã Öõý ºãöã ¶ãñ 20% ãñ ããä¶ãÌãã¾ãà ããÌã;ãã¦ããããò ããñ ¹ããÀ ãÀ¦ãñ of 20%. Öì 24.10% ãã ããäØãƽã Ôã ½ã à àãñ¨ã ½ãò ã䪾ããý The Bank was awarded Chief Ministers trophy for good performance in lending to Micro Enterprises ¦ããä½ãÊã ¶ãã¡ì ½ãò Ôãîà½ã ²ã½ããò ããñ £ããÀ ªñ¶ãñ ãñ ºãñÖ¦ãÀ ãä¶ãÓ¹ã㪶ã ãñ ãäÊã in Tamil Nadu. The Bank was in second position ºãöã ããñ ½ãì¾ã ½ãâ¨ããè ããè Èã¹ããè ¹ãÆ㹦ã ÖìÃý ¦ããä½ãÊã ¶ãã¡ì Àã¾ã ½ãò ¹ããè ½ã among all banks in implementation of PMEGP à ããè ¹ããè ãã¾ãÃã½ã ãñ ãã¾ããöÌã¾ã¶ã ½ãò ºãöã Ôã¼ããè ºãöããò ½ãò ªîÔãÀñ Ô©ãã¶ã ¹ãÀ Programme in Tamil Nadu State. The Bank sanctioned more than 700 projects in the state of ÀÖãý 2009-10 ãñ ªãõÀã¶ã ºãöã ¶ãñ ¦ããä½ãÊã ¶ãã¡ì Àã¾ã ½ãò 700 Ôãñ Tamil Nadu during 2009-10, which resulted in creation ããä£ãã ¹ããäÀ¾ããñã¶ããããñâ ããñ ½ãâãîÀãè ªãè ãäãÔããñ ããÀ¥ã ¦ããÀãèºã¶ã 9,900 of over 9,900 jobs. ÀãñãØããÀãò ãã Ôãðã¶ã Öìããý To help speedy revival of potentially viable sick SME Ôãâ¼ãã̾ã ¹ã Ôãñ Ôãàã½ã ÁØ¥ã Ôã ½ã à ãã¾ããò ãñ ¦ããèÌãÆ ¹ãì¶ãÁããèÌã¶ã units, Nursing and Rehabilitation Policy for SME Sector was formulated and implemented. The policy ãñ ãäÊã, Ôã ½ã à àãñ¨ã ãñ ãäÊã ¶ããäÔãÄØã ããõÀ ¹ãì¶ãÌããÃÔã ¶ããèãä¦ã ºã¶ããà Øãà is more liberal and various concessions are available ããõÀ ãã¾ããÃãä¶Ìã¦ã ããè ØãÃý ¾ãÖ ¶ããèãä¦ã ããä£ãã ªãÀ Öõ ããõÀ Ôãàã½ã ãã¾ããò under the policy for viable units for restarting their ããñ ¹ããäÀÞãããäÊã¦ã ãÀ¶ãñ ãñ ãäÊã ¶ããèãä¦ã ãñ ¦ãÖ¦ã ãäÌããä¼ã¸ã ãäÀ¾ãã¾ã¦ãò ¹ãÊ㺣ã operations. To facilitate smooth and hassle free flow Ööý Ôãîà½ã Ìã ÊãÜãì ²ã½ããò, ããñ ½ã£¾ã½ã Ìã ºãü¡ñ ²ã½ããò ããè ¦ãìÊã¶ãã ½ãñ of credit to Micro and Small Enterprises, who face ããä£ãã ãÔãìãäÌã£ãã ãã Ôãã½ã¶ãã ãÀ¦ãñ Öö, ããñ ãä¶ãºãããã ããõÀ ¢ãâ¢ã ½ãìã¦ã many disadvantages as compared to Medium and Large Enterprises, Separate Loan Policy for MSE ¨ãɥ㠹ãÆÌããÖ ÔãìÊã¼ã ºã¶ãã¶ãñ ãñ ãäÊã, ½ã Ôã à àãñ¨ã ãñ ãäÊã ¹ãð©ãã ¨ãÉ¥ã Sector was formulated and implemented. The policy ¶ããèãä¦ã ºã¶ããà ããõÀ ÊããØãî ããè ØãÃý ¶ããèãä¦ã ãã ããñÀ ½ãÔãà ããñ ¨ãÉ¥ããò ãã emphasises sanction of timely and adequate amount ¹ã¾ããù¦ã ããõÀ Ôã½ã¾ã Ôãñ ½ãâãîÀãè ªñ¶ãñ ¹ãÀ Öõý Ôããñ ãÊããÌãã Ôã½ãò Ôã¼ããè of credit to MSEs. Thrust is given to sanction ¹ãã¨ã ½ãã½ãÊããò ãñ ãäÊã Á. 1 ãÀãñü¡ ¦ãã ãñ Ôãâ¹ãããäÍÌãÃã Àãä֦㠨ãÉ¥ããò ããè collateral-free loans up to Rs.1 Crore, in all eligible ½ãâãîÀãè ¹ãÀ ¼ããè ããñÀ ã䪾ãã Øã¾ãã Öõý cases. The Bank continued the implementation of relief ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ¼ããè ºãöã ¶ãñ Ôã ½ã à àãñ¨ã ãñ ãäÊã ãñãä¡ package for SME sector during 2009-10 also. Various ¹ãõãñã ãñ ãã¾ããöÌã¾ã¶ã ããñ ããÀãè Àããý Üããè Öìà º¾ããã ªÀ ããñ Íãããä½ãÊã concessions including reduced rates of interest were ãÀ¦ãñ Öí ãäÌããä¼ã¸ã ãäÀ¾ãã¾ã¦ãò ããÀãè Àããè ØãÃý Ôã¼ããè àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ¹ãÀ continued. SME Facilitation centres were activated at all Regional Offices. Large number of SME borrowal Ôã ½ã à ÔãìãäÌã£ãã ãñ¶³ ºã¶ãã Øãý ÌãÓãà ãñ ªãõÀã¶ã ºãü¡ãè Ôãâ¾ãã ½ãò Ôã accounts was restructured during the year. ½ã Æà £ããÀ ãã¦ããò ããè ¹ãì¶ãÔãÄÀÞã¶ãã ããè ØãÃý All lending to MSME were exempted from Minimum ½ã Ôã ½ã à ããñ ãäª Øã Ôã¼ããè £ããÀ ¶¾ãî¶ã¦ã½ã º¾ããã ªÀ ãÊããã Ôãñ Interest Rate clause to enable them to get the benefit ½ãìã¦ã Àãã Øã¾ãã ¦ãããäã ºãöã ãñ ºããè ¹ããè Êã ããÀ Üã¶ãñ ¹ãÀ Ìãñ º¾ããã ªÀ ½ãò of interest rate reduction whenever banks BPLR is ã½ããè ãã Êãã¼ã ¹ãã Ôããòý reduced. The Bank signed MOU with Bajaj Auto Ltd., on ãããñ ãäÀãÍãã ããõÀ ã½ããäÍãþãÊã ãä¦ã¹ããäÖ¾ãã ÌããÖ¶ã ãñ ãäÊã ãäºã¶ãã Ôãâ¹ãããäÍÃÌãã April 9, 2009 and TVS Motor Company Limited, on ¹ãÆãä¦ã¼ãîãä¦ã / ¦ãð¦ããè¾ã ¹ãàã ØããÀâãè ãñ ¦ãñããè Ôãñ ãäÌ㦦ã¹ããñÓã¥ã ãÀ¶ãñ ãñ ãäÊã June 3, 2009 for financing auto rickshaws and ºãöã ¶ãñ ºãããã ãããñ ãäÊããä½ãñ¡ Ôãñ ã¹ãÆõÊã 9, 2009 ããñ ããõÀ ãè Ìããè commercial three wheelers in a speedy manner, Ôã ½ããñÔãà ãâ¹ã¶ããè ãäÊããä½ãñ¡ Ôãñ ã䪶ããâã 3 ãî¶ã , 2009 ããñ ÔãÖ½ããä¦ã without requirement of collateral security/third party guarantee. More than 3,500 loans were sanctioned ãã¹ã¶ã ¹ãÀ ÖÔ¦ããàãÀ ãäã¾ããý ÌãÓãà 2009-10 ãñ ªãõÀã¶ã Ôã Øãããñü¡ under this tie-up arrangements during 2009-10, ̾ãÌãÔ©ãã ãñ 㶦ãØãæã 3500 Ôãñ ããä£ãã ¨ãɥ㠽ãâãîÀ ãäã Øã ý Ôã enhancing flow of credit to transport operators in ããÀ¥ã Ôãîà½ã ²ã½ã àãñ¨ããò ½ãò ¹ããäÀÌãÖ¶ã ããñ ¨ãÉ¥ããò ãã ¹ãÆÌããÖ ºãü¤ãý ºãöã ¶ãñ Micro Enterprises Sector. On November 5, 2009, the ã䪶ããâã 5 ¶ãÌãâºãÀ, 2009 ããñ ãäÍã¾ãã ½ããñÀ ÌããÔãà ãäÊããä½ãñ¡ Ôãñ Èã Bank signed MoU with Asia Motor Works Ltd., for financing trucks and commercial transport vehicles ããõÀ ̾ããÌãÔãããä¾ãã ÌããÖ¶ããò ãñ ãäÌ㦦ã¹ããñÓã¥ã ãñ ãäÊã ããõÀ ã䪶ããâã 22 and on March 22, 2010 with TATA Motors Limited ½ããÞãà 2010 ããñ ãã ½ããñÔãà ãäÊããä½ãñ¡ ãñ Ôãã©ã ããÔãã¶ã Íã¦ããô ããõÀ for financing commercial transport vehicles on easy ãä¶ãºãâ£ã¶ããò ¹ãÀ ̾ããÌãÔãããä¾ãã ÌããÖ¶ããò ãñ ãäÌ㦦ã¹ããñÓã¥ã ãñ ãäÊã ÔãÖ½ããä¦ã terms and conditions. ãã¹ã¶ã ¹ãÀ ÖÔ¦ããàãÀ ãäã¾ããý Agriculture ãðãäÓã Agricultural credit registered a growth of Rs. 1,780 crore from Rs.10,817 crore in March 2009 ãðãäÓã ¨ãÉ¥ããñâ ½ãò ½ããÞãà 2009 ãñ Á. 10,817 ãÀãñü¡ ½ãò Á. 1,780 and reached Rs. 12,597 crore in March 2010. The ãÀãñü¡ ããè ºãü¤¦ã ªãà ããè Øãà ããõÀ ¾ãÖ Á. 12,597 ãÀãñü¡ ¹ãÀ ¹ãÖìúÞã Banks ratio of agricultural advances to Adjusted Net Øã¾ããý ºãöã ãã ãðãäÓã ããäØãƽã ããõÀ Ôã½ãã¾ããñãäã¦ã ãä¶ãÌãÊã ºãöã £ããÀ ãã Bank Credit stood at 18.77% exceeding the required ã¶ãì¹ãã¦ã 18.77% ÀÖã ããñ 18%ãñ ã¹ãñãäàã¦ã ½ãã¶ãª¥¡ Ôãñ ããä£ãã norm of 18%. Öõý The Bank disbursed Rs. 13,327 crore under Special Agricultural Credit Plan (SACP) as against the target ºãöã ¶ãñ ãäÌãÍãñÓã ãðãäÓã £ããÀ ¾ããñã¶ãã (Ôã Ôããè ¹ããè) ãñ ¦ãÖ¦ã Á. 12,780 of Rs. 12,780 crore during the year. The increase in
21 ãÀãñü¡ ãñ Êãà¾ã ãñ ¹ãÆãä¦ã Á. 13,327 ãÀãñü¡ ãã ÔãâãäÌã¦ãÀ¥ã ãäã¾ããý disbursement of credit to agricultural sector over the ¼ããÀ¦ã ÔãÀããÀ ´ãÀã ãä¶ã£ããÃãäÀ¦ã ãäÌãÍãñÓã ¹ãã½ãà £ããÀ ¹ãõãñã ãñ ¦ãÖ¦ã 30% last years disbursement was 30.35%, as against 30% ãñ ¹ãÆãä¦ã ãðãäÓã àãñ¨ã ãñ ãäÊã ÔãâãäÌã¦ããäÀ¦ã ¨ãÉ¥ã 30.35% ÀÖãý mandated by the Govt. of India under Special Farm Credit Package. ãäãÔãã¶ã ãñãä¡ ãã¡Ã ¾ããñã¶ãã ( ãñ Ôããè Ôããè ) Kisan Credit Card Scheme( KCC ) ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ ãìÊã 2,03,757 ãñ Ôããè Ôããè ããÀãè ãäã¾ããý ½ããÞãà The Bank issued 2,03,757 KCCs during the year. The total number of cards cumulatively issued by 2010 ããñ ºãöã ´ãÀã ããÀãè ãìÊã ãã¡Ã ããè Ôãâ¾ãã 19,19,155 ÀÖãèý the Bank as at the end of March 2010 stood at 19,19,155. Ôãîà½ã ãäÌ㦦ã¹ããñÓã¥ã Micro Finance ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ Á.706.92 ãÀñãü¡ ãñ ãñãä¡ ãã Êãñ ãñ Ôãã©ã During the year, the Bank credit-linked 68,112 Self 68,112 ÔÌã¾ãâ ÔãÖ¾ã¦ãã ªÊããò ãã Ôãâ¾ããñã¶ã ãäã¾ããý ½ããÞãà 2010 ããè Help Groups (SHGs )with a credit outlay of Rs.706.92 Ôã½ããã书㠦ãã ºãöã ´ãÀã £ããÀ ¹ãƪ¦¦ã ÔÌã¾ãâ ÔãÖã¾ã¦ãã ªÊããò ããè ãìÊã Ôãâ¾ãã crore. The cumulative number of SHGs credit-linked ½ããÞãà 2009 ¦ãã ãñ 292507 Ôãñ (ãäÌã¦ããäÀ¦ã Àã½ã Á. 2162.68 by the Bank increased from 2,92,507 (amount ãÀãñü¡) Ôãñ ºãü¤ãÀ 360619 (ãäÌã¦ããäÀ¦ã Àã½ã Á. 2869.60 ãÀãñü¡) disbursed Rs.2,162.68 crore) as at the end of March 2009 to 3,60,619 SHGs (amount disbursed Öãñ ØãÃý Rs.2,869.60 crore) as of March 2010. ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ ¶ããºãã¡Ã ãñ Ôãîà½ã ãäÌ㦦ã ãäÌãããÔã Ìãâ ãäãÌããè ãä¶ããä£ã During the year, the Bank contributed Rs.1.16 crore towards NABARDs Micro Finance Development & ãñ ãäÊã Á. 1.16 ãÀãñü¡ ãã ¾ããñØãªã¶ã ãäã¾ãã Öõý Equity Fund. ã¶ãÑããè ºããè½ãã ¾ããñã¶ãã (ãñ ºããè ÌããÃ) Janashree Bima Yojana (JBY) ãñ ºããè Ìããà ã Ôãã½ãããäãã ÔãìÀàãã ¾ããñã¶ãã Öõ ããñ ØããúÌããò Ìã ÍãÖÀãò ½ãò JBY is a Social Security Scheme to provide life ØãÀãèºããè Àñãã ãñ ¶ããèÞãñ ÀÖ ÀÖñ ØãÀãèºããñâ ãñ ãäÊã ããèÌã¶ã ºããè½ãã ¹ãÊ㺣ã insurance cover to the rural and urban poor living below the poverty line. The Bank, in association with ãÀã¦ãã Öõý ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ããèÌã¶ã ºããè½ãã ãä¶ãØã½ã ãñ Ôãã©ã ãä½ãÊããÀ LIC of India, launched the scheme to cover women ½ããäÖÊãã ÔÌã¾ãâ ÔãÖã¾ã¦ãã Ôã½ãîÖ ãñ ÔãªÔ¾ããò ããñ Íãããä½ãÊã ãÀ¶ãñ ãñ ãäÊã Self Help Group members. During 2009-10, the Bank ¾ããñã¶ãã ¹ãÆãÀâ¼ã ããè Öõý ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ºãöã ¶ãñ Ôã ¾ããñã¶ãã ãñ covered 42,791 women members belonging to 3,854 ¦ãÖ¦ã 3,854 ÔÌã¾ãâ ÔãÖã¾ã¦ãã Ôã½ãîÖãò ãñ 42,791 ½ããäÖÊãã ÔãªÔ¾ããò ããñ SHGs under the scheme. ºããè½ãã ãäªÊãã¾ãã Öõý Credit flow to Women ½ããäÖÊããããò ããñ ¨ãɥ㠹ãÆÌããÖ As on March 31, 2010, Banks credit to women amounted to Rs.3,529.69 crore constituting 5.26% 31 ½ããÞãà 2010 ¦ãã ½ããäÖÊããããò ããñ ªãè Øãà ºãöã ããè £ããÀ ÀããäÍã of the Banks Adjusted Net Bank Credit, as against Á. 3,529.69 ãÀãñü¡ Öãñ ØãÃ, ããñ 5 ¹ãÆãä¦ãÍã¦ã ãñ ãä¶ã£ããÃãäÀ¦ã ½ãã¶ãª¥¡ the norm of 5%. ããè ¦ãìÊã¶ãã ½ãñâ ºãöã ãñ Ôã½ãã¾ããñãäã¦ã ãä¶ãÌãÊã £ããÀ ãã 5.26 ¹ãÆãä¦ãÍã¦ã ÀÖã Lead Bank Scheme Öõý The Bank has Lead Bank responsibility in twelve districts in Tamil Nadu and one district in Kerala. ãØãÆ¥ããè ºãöã ¾ããñã¶ãã The Bank is also the Convenor of State Level Bankers ¦ããä½ãÊã ¶ãã¡ì ãñ ºããÀÖ ãäãÊããò ããõÀ ãñÀÊã ãñ ã ãäãÊãñ ½ãò ãØãÆ¥ããè ºãöã Committee of Tamil Nadu. During the year under review, as Convenor of State Level Bankers ãã ¦¦ãÀªããä¾ã¦Ìã ºãöã ¹ãÀ Öõý ºãöã ¦ããä½ãÊã¶ãã¡ì Àã¾ã Ô¦ãÀãè¾ã ºãöãÀ Ôããä½ããä¦ã Committee, Tamil Nadu, the Bank conducted three ãã Ôãâ¾ããñãã ¼ããè Öõý ÌãÓãà ãñ ªãõÀã¶ã ¦ããä½ãÊã ¶ãã¡ì ãñ Ôãâ¾ããñãã ãñ ¹㠽ãò SLBC Meetings and one State Level Review Meeting. ºãöã ¶ãñ ¦ããè¶ã Ôã Êã ºããè Ôããè ºãõããò ããõÀ ã Àã¾ã Ô¦ãÀãè¾ã Ôã Êã ºããè In addition, the Bank convened Special SLBC Meetings on Special Package for MSME, Auto & Ôããè ããè ºãõã ãã ãã¾ããñã¶ã ãäã¾ããý Ôããñ ãÊããÌãã ºãöã ¶ãñ ½ã Ôã ½ã Housing Sectors. Special Bankers Meeting was à , ãããñ ããõÀ ããÌããÔã àãñ¨ã ãñ ãäÊã ãäÌãÍãñÓã Ôã Êã ºããè Ôããè ºãõããò ãã convened on Credit Linking of Panchayat Level ãã¾ããñã¶ã ãäã¾ããý ãä¦ãÁ¹ãìÀ ãñ ÀâØãÀñã ãñ ÔãâÜã ããñ Àã֦㠹ãõãñã , Öã©ã Ôãñ Federations, Scheme for Rehabilitation of Manual ½ãõÊãã ¤ãñ¶ãñ ÌããÊããñâ (Ôã ããÀ ½ã Ôã ) ãñ ¹ãì¶ãÌããÃÔã ¾ããñã¶ãã, ¹ãâÞãã¾ã¦ã Scavengers (SRMS) and on the Relief Package for Tiruppur Dyers Association. Senior level officials from Ô¦ãÀãè¾ã ÔãâÜããò ããñ £ããÀ Ôãñ ããñü¡¶ãñ ãñ ãäÊã ãäÌãÍãñÓã ºãöãÀ ºãõã ãã member Banks and Government of Tamil Nadu ãã¾ããñã¶ã ãäã¾ãã Øã¾ããý ÔãªÔ¾ã ºãöã Ôãñ ããõÀ ¦ããä½ãÊã ¶ãã¡ì Àã¾ã ÔãÀããÀ participated in the above meetings. ãñ ÌããäÀÓ Ô¦ãÀ ãñ ããä£ããããäÀ¾ããò ¶ãñ ¹ã¾ãìÃã¦ã ºãõããò ½ãò ¼ããØã ãäÊã¾ããý Corporate Social Responsibility ãã¹ããóÀñ Ôãã½ãããäãã ªããä¾ã¦Ìã The Bank has, always, supported worthy social causes and endeavours. During the year, the ºãöã ÔãªõÌã ½ãîʾãÌãã¶ã Ôãã½ãããäãã ãäÖ¦ããò ããõÀ ¹ãƾããÔããò ããñ Ôã½ã©ãö㠪ñ¦ãã ÀÖã Bank contributed Rs. one crore each to two Öõý ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ ½ãã¶ã¶ããè¾ã ½ãì¾ã ½ãâ¨ããè ÀãÖ¦ã ããñÓã ½ãò ªãñ Àã¾ããò states, viz., Andhra Pradesh and Karnataka, ã㶣ãÆ ¹ãƪñÍã ããõÀ ã¶ããÃã ãñ ºããü¤ ¹ããèãäü¡¦ããò ããè ÀãÖ¦ã ãñ ãäÊã ¹ãƦ¾ãñã towards the respective Chief Ministers Relief Funds to give relief to the flood affected people
22 Àã¾ã ããñ ã ã ãÀãñü¡ ãã ¾ããñØãªã¶ã ã䪾ããý Ôããñ ãÊããÌãã ºãöã ¶ãñ ºãü¡ñ in these two states. Apart from these, the Bank ¹ãõ½ãã¶ãñ ¹ãÀ Ôã½ãããÔãñÌããè ÔãâÔ©ããããò ããñ ¼ããè ªã¶ã ã䪾ããý also made donations to other organizations serving the community at large. Íããäã¦ã ã䥡¾ã¶ã ããñÌãÀÔããèã ºãöã ãäÞ㪽ºãÀ½ã Þãñãäá¾ããÀ ½ãñ½ããñãäÀ¾ãÊã Sakthi Indian Overseas Bank Chidambaram Chettiar ÈÔ Memorial Trust Ñããè ½ã Ôããè ãè ½ã ãäÞãªâºãÀ½ã Þãñãäá¾ããÀ - ºãöã ãñ ÔãâÔ©ãã¹ãã ãñ Ô½ãÀ¥ã The Trust, set up jointly by the Management of the ½ãò ºãöã ãñ ¹ãƺãâ£ã¶ã , ã䥡¾ã¶ã ããñÌãÀÔããèã ºãöã ããä£ãããÀãè ÔãâÜã ããõÀ Bank, Indian Overseas Bank Officers Association and ããäãÊã ¼ããÀ¦ããè¾ã ããñÌãÀÔããèã ºãöã ã½ãÃÞããÀãè ÔãâÜã ´ãÀã ÈÔ ããè Ô©ãã¹ã¶ãã All India Overseas Bank Employees Union, to perpetuate the memory of Banks Founder Shri Ôãâ¾ãìã¦ã ¹ã Ôãñ ããè Øãà ããñ ½ããäÖÊããããò ããñ Ôãã½ãããäãã Ìã ãããä©ãÃã ããä£ãããÀ M.Ct.M. Chidambaram Chettiar, continued to provide ¹ãƪã¶ã ãÀ¶ãñ Öñ¦ãì ¶ãããè ̾ããÌãÖããäÀã ãìÍãÊã¦ãã ½ãò Ôãì£ããÀ ãÀ¶ãñ Öñ¦ãì ¶Öò entrepreneurial development training to women ²ã½ããè ãäÌãããÔã ¹ãÆãäÍãàã¥ã ªñ ÀÖã Öõý thereby empowering them socially and financially. ÈÔ ¶ãñ ãäÌãÍãñÓããÀ ½ããäÖÊããããò ãñ ãäÊã ãäÌããä¼ã¸ã ãñ¶³ãò ¹ãÀ 44 ²ã½ããè The Trust has so far conducted 44 Entrepreneurial ãäÌãããÔã ãã¾ãÃã½ã (à ¡ãè ¹ããè) ãã¾ããñãäã¦ã ãäã Öö, ãäãÔã½ãò 1601 ½ããäÖÊããâ Development Programmes (EDPs) exclusively for women at various centres, benefiting 1,601 women. Êãã¼ãããä¶Ìã¦ã Öìà Ööý ¶ã ½ããäÖÊãã ²ããä½ã¾ããò ããõÀ ÔÌã¾ãâ ÔãÖã¾ã¦ãã Ôã½ãîÖãñâ ãñ For the women entrepreneurs and Self Help Groups, ¦¹ããªãò ããè ¹ãƪÍãöããè ÔãÖ ãäºãããè ãñ ãäÊã ãì Íããããããò ½ãò ãã ããñ IOB Sakthi Bazaars were organized at many ºããè Íããäã¦ã ºããããÀ ãã¾ããñãäã¦ã ãäã Øãý branches, for exhibition cum sale of their products. ãã ããñ ºããè Ôã½¹ãî¥ãà ¹ããäÀ¾ããñã¶ãã - Ôãâ¹ãî¥ãà ØãÆã½ã ãäÌãããÔã ¹ããäÀ¾ããñã¶ãã IOB-Sampoorna Project A Total Village Development Project ºãöã ¶ãñ ¹ãî¥ãà ØãÆã½ããè¥ã ãäÌãããÔã ãñ ÿñ;ã Ôãñ ¦ããä½ãÊã ¶ãã¡ì ãñ ãä¦ãÁÌãÊÊãîÀ The Bank launched an innovative rural development ãäãÊãñ ãñ ã즦㽺ããã½ã Ìãâ ¹ã¡îÀ ØãÆã½ã ½ãò, ¶ããØã¹ããäá¥ã½ã ãäãÊãñ ãñ project aiming at Total Village Development called ãã½ãñÍÌãÀ½ã ØãÆã½ã ½ãò ¦ã©ãã ããñ¾ã½ºã¦¦ãîÀ ãäãÊãñ ãñ ªããäÊã¾ãîÀ ØãÆã½ã ½ãò ãã ããñ IOB-Sampoorna in Kuthambakkam and Padur ºããè Ôãâ¹ãî¥ãà ¶ãã½ãã ØãÆã½ããè¥ã ãäÌãããÔã ¹ããäÀ¾ããñã¶ãã ¹ãÆãÀâ¼ã ããèý ããããñºããè- Villages in Tiruvallur District, Kameshwaram village Ôãâ¹ãî¥ãà ã ãäÌããäÍãÓ ¹ããäÀ¾ããñã¶ãã Öõ ãäãÔã½ãò ØãÆã½ããè¥ã ã¶ãÔãâ¾ãã ãñ Ôã½ãØãÆ in Nagapattinam District, Dhaliyur Village in ãäÌãããÔã ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ Öñ¦ãì ØããúÌããò ½ãò ã¶ãñã ããèãäÌãããããò ãñ ãäÊã Coimbatore District and Innambur village in Thanjavur District of Tamil Nadu. IOB-Sampoorna is an unique ÍãìÁãã¦ããè ¹ãƾããÔããò ããñ Íãããä½ãÊã ãäã¾ãã Øã¾ãã Öõý Project encompassing several livelihood initiatives Ôã½ãò £ããÀ ¦ã©ãã ØãõÀ £ããÀ ÔãâÜãã ãõÔãñ ãäÌ㦦ããè¾ã Ôã½ããÌãñÍã¶ã, ããÀãñºããÀ in the villages to ensure all-inclusive growth of rural population. ãÀñÔ¹ãâã¡ñ¶ ½ããù¡Êã ãñ ¦ã֦㠺ãã¾ããñ½ãñãäÈã Ô½ããà ãã¡Ã ÔããäÖ¦ã ãã ãè ãã£ãããäÀ¦ã ºãöãäãâØã ¹ããäÀÞããÊã¶ã, ÌãðàããÀãñ¹ã¥ã ¦ã©ãã Ôãã½ãããäãã Ìã¶ãÀãñ¹ã¥ã, It comprises credit and non-credit components such ãÊããÍã¾ããò ããè Ôã¹ããÃ, ÖñÊ©ã ãñ¾ãÀ, ãâ¹¾ãîÀ ããõÀ ºããè¹ããè ããñ ½ãò ¾ãìÌãããò ãñ as Financial Inclusion, I.T. enabled banking operations with Bio-metric Smart Cards under Business ããõÍãÊã ¹ãÆãäÍãàã¥ã, ØãÆã½ããè¥ã ããÀãñºããÀãè ÔãâÔãã£ã¶ã ããÔããñãäÔãÄØã, ØãõÀ Correspondent model, Tree Planting and Social ¹ããÀâ¹ããäÀã ããà ÔãâÌã£ãöã Ìãâ ØãÆã½ããè¥ã ¹ã¾ãöã Íãããä½ãÊã Ööý Forestry, Cleaning Water Bodies, Health Care, Skill Training for youth in computer, Rural Business ØãÆã½ããè¥ã ÔÌã ÀãñãØããÀ ¹ãÆãäÍãàã¥ã ÔãâÔ©ãã¶ã (ããÀ Ôã à ãè ããà ) Process Outsourcing, Promotion of non-conventional ØãÆã½ããè¥ã ãäÌãããÔã ½ãâ¨ããÊã¾ã ,¼ããÀ¦ã ÔãÀããÀ ´ãÀã ããÀãè ãäªÍãããä¶ãªóÍããò ãñ energy and Rural Tourism. ã¶ãìÔããÀ ºãöã ¶ãñ ãäãÔãã¶ããò , Ôã Þã ããè ãñ ÔãªÔ¾ããò , Ôã ããè Ôã Ìããà Rural Self Employment Training Institutes (RSETIs) ãñ ¦ãÖ¦ã Êãã¼ã¼ããñãäØã¾ããò , ãäÍããäàã¦ã ºãñÀãñãØããÀ ¾ãìÌãããò , ããÀãèØãÀãò ããõÀ In line with the guidelines issued by Ministry of Rural ØãÀãèºã ÌãØãà ãñ Êãã¼ã¼ããñãäØã¾ããò ããñ ¹ãÆãäÍãàã¥ã ªñ¶ãñ ãñ ãäÊã ãä¦ãÁã¶ãâ¦ã¹ãìÀ½ã Development, Govt of India, Bank had set up RSETIs (ãñÀÊã Àã¾ã ) , ãä¦ãÁ¶ãñÊãÌãñãäÊã , ¦ãâãã À ããõÀ ãä¦ãÁãäÞÞã (¦ããä½ãÊã ¶ãã¡ì at Thiruvananthapuram (Kerala State), Tirunelveli, Àã¾ã) ½ãò ããÀ Ôã à ãè ãã ããè Ô©ãã¹ã¶ãã ããè Öõý Thanjavur and Trichy (Tamilnadu State) to provide training to farmers, members of SHGs, beneficiaries ºãöã ´ãÀã (¶ããºãã¡Ã ¦ã©ãã ã䥡¾ã¶ã ºãöã ãñ Ôãã©ã Ôãâ¾ãìã¦ã ¹ã Ôãñ) ããÀõãìü¡ãè under SGSY, Educated Unemployed Youths, Artisans (ãäÍãÌãØãâØãã ãäãÊãã, ¦ããä½ãÊã¶ãã¡ì) ½ãò ã ØãÆã½ããè¥ã ãñ¶³ ããè Ô©ãã¹ã¶ãã ããè and Beneficiaries belonging to weaker sections. Øãà ©ããèý ¶ã ãäãÊããò ½ãò ºãöã ãØãÆ¥ããè ºãöã ãã ªããä¾ã¦Ìã ãä¶ã¼ãã ÀÖã Öõý One Rural Training Centre was set up by the Bank Ôã½ããèàãã£ããè¶ã ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ ¶ã ¹ãÆãäÍãàã¥ã ÔãâÔ©ãã¶ããñâ ãñ ½ã㣾ã½ã Ôãñ (jointly with NABARD and Indian Bank) at Karaikudi 142 ¹ãÆãäÍãàã¥ã ãã¾ãÃã½ã ÞãÊãããÀ ãìÊã 3,322 ¹ãÆãäÍãàãìããñâ ããñ ¹ãÆãäÍãàã¥ã (Sivaganga District, Tamil Nadu). The Bank has Lead Bank responsibility in these Districts. During the year ¹ãƪã¶ã ãäã¾ããý under review, through these Training Institutes, the ãäÌ㦦ããè¾ã ÔããàãÀ¦ãã ããõÀ £ããÀ ããâãäÔããäÊãâØã ãñ¶³ ( ¹ã Êã Ôããè Ôããè Bank conducted 142 training programmes benefiting Ôããè) ãõÔãñ Ô¶ãñÖã 3,322 trainees. Ôã½ããèàãã£ããè¶ã ÌãÓãà ãñ ªãõÀã¶ã ãã½ã ã¶ã¦ãã ½ãò ãäÌ㦦ããè¾ã ãäÍãàãã ããõÀ ããØãÂã¦ãã Financial Literacy and Credit Counselling Centres (FLCCC) viz., SNEHA Êãã¶ãñ ãñ ÿñ;ã Ôãñ ºãöã ¶ãñ ¶ããØãÀããñãäÌãÊã ããõÀ ãä¦ãÁãäÞÞã ½ãñ ªãñ ¹ã Êã With a view to promoting financial education and Ôããè Ôããè Ôããè ããè Ô©ãã¹ã¶ãã ããèý ¶ã ãñ¶³ãò ½ãñ ØãÆã½ããè¥ã ããõÀ ÍãÖÀãè ÊããñØããò ããñ awareness among general public the Bank set up two FLCCCs at Nagercoil and Trichy during the year
23 ãäÌããä¼ã¸ã ãäÌ㦦ããè¾ã ¦¹ããªãò/ ããõ¹ãÞãããäÀã ãäÌ㦦ããè¾ã àãñ¨ã Ôãñ ¹ãÊ㺣ã ÔãñÌããããò under review. These centres will educate the people ããè ãã¶ãããÀãè ªãè ããØããè, ̾ããäã¦ãØã¦ã ¹ã Ôãñ ãããÀ ãäÌ㦦ããè¾ã ããâãäÔããäÊãâØã in rural and urban areas with regard to various financial products / services available from formal ÔãñÌãã ªãè ããØããè ããõÀ ããêãÀãò ããñ ããà ããâãäÔããäÊãâØã ÔãñÌãã ªãè ããØããèý financial sector, provide face-to-face financial counselling services and offer debt counselling to ãäÌ㦦ããè¾ã Ôã½ããÌãñÍã¶ã indebted individuals. ¹ãîÌãà ½ãò ºãöãäãâØã ããè ̾ãÌãÔ©ãã Ôãñ ¶ã ãìü¡ñ ÊããñØããñâ ããñ ºãöãäãâØã ̾ãÌãÔ©ãã Ôãñ Financial Inclusion ããñü¡¶ãñ Öñ¦ãì ºãöã ¶ãñ 2,06,162 ¶ããñ ãä¹ãÆÊã ºãÞã¦ã ºãöã ãã¦ãñ ããñÊãñ ããõÀ In order to bring hitherto excluded people under Ôãã£ããÀ¥ã ¹ãƾããñã¶ã Öñ¦ã 16,930 ãñãä¡ ãã¡Ã ãäÌã¦ããäÀ¦ã ãäãý banking fold during the year under review, Bank has opened 2,06,162 No-frills SB accounts and granted ÊããñØããò ¦ãã ºãöã ããè ÔãìãäÌã£ããâ ¹ãÖìúÞãã¶ãñ ãñ ãäÊã ºãöã ¶ãñ 6 Àã¾ããò Ìã ã 16,930 General Purpose Credit Cards. ÔãâÜã ÍãããäÔã¦ã ¹ãƪñÍã ½ãò ãìÊã 33 Íããããããò ( 18 àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ) ½ãò To increase the outreach of banking services the Ô½ããà ãã¡Ã ºãöãäãâØã ¹ãÆãÀâ¼ã ãäã¾ããý ØãÆã½ããè¥ã ÊããñØã ºãã¾ããñ ½ãñãäÈã ãã¡Ã ãã Bank introduced Smart Card Banking in 33 Branches ¹ãƾããñØã ãÀãñ ÖÔ¦ãÞãããäÊã¦ã ãä¡ÌããÔã Ôãñ ØããúÌã ½ãò Öãè ºãöãäãâØã ããÀãñºããÀ ãã (18 Regions) across 6 States and one Union Territory. Êãñ¶ã ªñ¶ã ãÀ Ôãã¦ãñ Ööý ãÀñÔã¹ããâ¡ò ´ãÀã ØãÆãÖããò ãñ ÜãÀ ¹ãÀ Öãè ÔãñÌããããò Rural people can transact banking business at the village itself with the use of bio-metric smart cards ããè Ôãì¹ãìªÃØããè ããè ãã¦ããè Öõý Ô©ãã¶ããè¾ã ¼ããÓãã ½ãò ¹ãƾãìã¦ã ¾ãñ ãä¡ÌããÔãñÔã through Hand Held Devices. Business ããäÍããäàã¦ããò ãñ ãäÊã ¾ãîãÀ ¹ãÆò¡Êããè Öõý Ôã½ããèàãã£ããè¶ã ÌãÓãà ãñ ªãõÀã¶ã 3,504 Correspondents deliver the services at the door step ºãã¾ããñ½ãñãäÈã ãã¡Ã ããÀãè ãäã Øãý of the customers. The devices are voice - enabled in vernacular language and user friendly for illiterates. ãðãäÓã £ããÀ ½ãã¹ããè ããõÀ ¨ãÉ¥ã Àã֦㠾ããñã¶ãã 2008 3,504 biometric smart cards were issued during the year under review. ¼ããÀ¦ã ÔãÀããÀ ãñ ½ãã¶ã¶ããè¾ã ãäÌ㦦㠽ãâ¨ããè ããè ãðãäÓã ½ãã¹ããè ããõÀ ¨ãÉ¥ã Àã֦㠾ããñã¶ãã 2008 ãñ ¦ã֦㠺ãöã ¶ãñ 3.07 Êããã ãññ Ìã Ôããè½ããâ¦ã ãðÓãããñò ãñ Agricultural Debt Waiver and Debt Relief Scheme 2008 Á. 580.89 ãÀãñü¡ ãñ Ôãã©ã-Ôãã©ã 68,000 㶾㠹ãã¨ã ãðÓãããò ããñ Á. Agricultural Debt Waiver and Debt Relief Scheme 133.00 ãÀãñü¡ ããè ¨ãɥ㠽ãã¹ããè ãñ ãäÊã ¹ãÖÞãã¶ãã Öõ ããñ ãìÊã ãä½ãÊãããÀ 2008 was announced by the Honble Union Finance ã½ãÍã: 3.75 Êããã ãðÓãã Ìã Á. 713.89 ãÀãñü¡ ©ããèý Minister, Govt. of India. Under the scheme, the Bank has identified 3.07 lac Small and Marginal Farmers ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã Ôãñ ½ãã¹ããè ªãÌãã Àã½ã ãñ ¹㠽ãò Á.371.98 eligible for waiver to the tune of Rs.580.89 crores ãÀãñü¡ ããè ¹ãÆãä¦ã¹ãîãä¦ãà ¹ãÆ㹦ã ããèý 㶾ã 68,000 ãðÓãããò (ããñ¹ã) ½ãò Ôãñ and 68,000 other farmers eligible for Relief of 46,000 㶾ã ãðÓãããò ¶ãñ ã¹ã¶ãñ ãäÖÔÔãñ ãã ¼ãìØã¦ãã¶ã ãäã¾ãã ããõÀ ºãöã ¶ãñ Rs.133.00 crores totaling 3.75 lac farmers and Rs.713.89 crores respectively. ¹ãÆãÀâãä¼ãã ¹㠽ãò Á. 83.16 ãÀãñü¡ ãã ªãÌãã ãäã¾ããý 㶾ã ãðÓãããò ãñ ãäÖÔÔãñ ãñ ¼ãìØã¦ãã¶ã ããè ãâãä¦ã½ã ãä¦ããä©ã ºãü¤ããÀ 30.06.2010 ãÀ ªãè Øãà Bank received an amount of Rs.371.98 crores from Reserve Bank of India , as the reimbursement of Öõý waiver claim amount. Out of 68,000 Other Farmers (OF) 46,000 other farmers, paid their share and Bank ããñãäã½ã ¹ãƺãâ£ã¶ã has made a preliminary claim of Rs.83.16 crore. The ã䪶ããâã 31 ½ããÞãà 2008 Ôãñ ºãöã ¶ãñ ¶ãà ¹ãîúããè ¹ã¾ããù¦ã¦ãã ¹ãÆñ½ãÌããà (ºãñÔãÊã last date for payment of other farmers share is II) ããñ ã¹ã¶ãã ãäÊã¾ãã Öõý ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ´ãÀã Ôã¼ããè Ìãããä¥ããä¾ãã extended upto June 30,2010. ºãöããò ããñ ãäª Øã ã¶ãìªñÍããò ãñ ã¶ãìÔããÀ ºãöã £ããÀ ããñãäã½ã ¹ãîúããè ãñ Risk Management ¹ããäÀãÊã¶ã ãñ ãäÊã ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã (Ôã ) ããõÀ ¹ããäÀÞããÊã¶ã㦽ãã The Bank has adopted the New Capital Adequacy ããñãäã½ã ãñ ãäÊã ãã£ããÀ¼ãî¦ã Ôãâãñ¦ãã ÒãäÓããñ¥ã (ºããèãã) ããõÀ ºããããÀ Framework (Basel-II) with effect from March 31, 2008. In line with Reserve Bank of Indias instructions to ããñãäã½ã ãñ ãäÊã ¹ãúîããèØã¦ã ã¹ãñàããããò ãñ ãäÊã ½ãã¶ãããèãð¦ã ãÌããä£ã ÒãäÓããñ¥ã all commercial banks, the Bank is adopting (Ôã¡ãè) ããñ ã¹ã¶ãã ÀÖã Öõý Ôã Ôãâºãâ£ã ½ãò ºãöã ãäÌããä¶ã¾ãã½ãã ã¹ãñàããããò Standardised Approach (SA) for computation of Credit ãã ¹ãî¥ãà ã¶ãì¹ããÊã¶ã ãÀ ÀÖã Öõý Risk Capital, Basic Indicator Approach (BIA) for calculating the capital for Operational Risk and the ããØãñ, ºãöã ºãñÔãÊã-II ¹ãÆñ½ãÌããà ãñ ¦ãÖ¦ã ãäÊÊããäã¦ã ã¹ã¶ããè ããñãäã½ã Standardised Duration Approach (SDA) for computing capital requirement for market risks. The Bank is in ¹ãƺãâ£ã¶ã ¹ãÆ¥ããÊããè ¸ã¦ã ãÀ¶ãñ Ìãâ ã¹ã¶ããè ãã¾ãùãÆ¥ãããäÊã¾ããò ããñ ¸ã¦ã ÔÌã¹ã compliance with the regulatory requirement in this ½ãò ºãªÊã¶ãñ ããè ¹ãÆãäã¾ãã ½ãò Öõý regard. Further, the Bank is in the process of upgrading its risk management systems and practices for migrating to the advanced approaches envisaged under the Basel-II Framework.
24 ã¶ãì¹ããÊã¶ã ãã¾ãà Compliance Function ãä¦ã½ããÖãè ãã£ããÀ ¹ãÀ ØãõÀ-ã¶ãì¹ããÊã¶ã ãñ Ôãâãñ¶³¥ã ãñ ãä¶ã£ããÃÀ¥ã ´ãÀã In order to arrive at the Compliance Risk by ã¶ãì¹ããÊã¶ã ããñãäã½ã ¦ãã ¹ãÖìúÞã¶ãñ ãñ ãäÊã Íããããããò ½ãò ã¶ãì¹ããÊã¶ã ãñ ascertaining the concentration of non-compliance, the system of verification of level of compliance in Ô¦ãÀ ãñ Ô㦾ãã¹ã¶ã ããè ¹ãÆ¥ããÊããè ããñ ã ¦ãâ¨ã ããè ¦ãÀÖ ¹ã¾ããñØã ãäã¾ãã ãã¦ãã branches is used as a tool. An official of a branch Öõý Íãããã ãã ã ããä£ãããÀãè ªîÔãÀãè Íãããã ½ãò ½ãîÊã ½ãã½ãÊãñ, ããñ ÞÞã would verify the level of compliance in core issues Ìã⠽㣾ã½ã ããñãäã½ã ãñ ¦ãÖ¦ã ãã¦ãñ Öö, ãñ ã¶ãì¹ããÊã¶ã Ô¦ãÀ ããè ãä¦ã½ããÖãè in another branch which are of High and Medium ãã£ããÀ ¹ãÀ ããúÞã ãÀñØããý Íããããããò ½ãò ãìÊã ã¶ãì¹ããÊã¶ã ããñãäã½ã, ããñ risk on quarterly basis. The overall Compliance Risk in branches, which was at 4.69 % as on December 31 ãäªÔ㽺ãÀ, 2008 ããñ 4.69% ©ãã, ã䪶ããâã 31-12-2009 ããñ 31, 2008 has been brought down to 3.95 % as on ÜããÀ 3.95% Öãñ Øã¾ããý ãäÌãªñÍããè Íããããããò Ìãâ ¹ãÆãä¦ããä¶ããä£ã ãã¾ããÃÊã¾ããò December 31, 2009. The Self Assessment procedure ãñ ãäÊã Íãì ããè Øã¾ããè ÔÌã-ãä¶ã£ããÃÀ¥ã ¹ãÆãäã¾ãã ¼ããè ãäÌããä¶ã¾ãã½ãã ã¶ãì¹ããÊã¶ã introduced for overseas branches and Representative Þãñã ãäÊãÔ ãñ ãäÊã ã ¹ãƼããÌããè ¦ãâ¨ã ããè ¦ãÀÖ ãã½ã ãÀ¦ãã Öõý ½ãì³ã Offices also serves as an effective tool for Regulatory Compliance Check List. The compliance self ãä¦ãããñÀãè, ãñ¶³ãè¾ã Ôã½ããÍããñ£ã¶ã ØãðÖ Ìãâ ã䡹ããùãäûãÀãè ÔãñÌãã Íãããã ãñ assessment procedure introduced for Currency ãäÊã Íãì ããè Øã¾ããè ã¶ãì¹ããÊã¶ã Ìãâãä¶ã£ããÃÀ¥ã ¹ãÆãäã¾ãã Ôãñ ¶ã ãã¾ããÃÊã¾ããò Chests, Central Clearing Offices and Depository ½ãò ã¶ãì¹ããÊã¶ã ãñ Ô¦ãÀ ½ãò Ôãì£ããÀ Öìãã Öõý Service branch has improved the level of compliance in these offices. ÌãÔãîÊããè ¹ãƺãâ£ã¶ã Recovery Management 1) ãã¶ãããÀãè ºããú¶ãã, 2) ããä¼ã¹ãÆñÀ¥ã / ÔãÖ¾ããñØã, 3) ¶ãà ããõÀ ¶ãÌããñ¶½ãñÓããè Many pro-active efforts were initiated such as 1) ¾ããñã¶ããããò ãñ ããäÀ ããä£ãããÀ Ôããö¹ã¶ãñ ããõÀ ¹ãÆØããä¦ã ãã ¹ãƺããñ£ã¶ã ãÀ¶ãñ dissemination of information 2) motivation/support 3) ãõÔãñ ãà Ôããäã¾ã ¹ãã¾ã Íãì ãäãý ¶ã ¹ãã¾ããò Ôãñ ¹ããäÀÞããÊã¶ã㦽ãã Ô¦ãÀ empowerment through new and innovative schemes ¹ãÀ ÔãããÀ㦽ãã ¹ãƼããÌã ¹ãü¡ã Ìãâ ¶ã¹ããè ¹ãƺãâ£ã¶ã ãñ ¦ãÖ¦ã ãã¹ããè Ôãì£ããÀ and 4) monitoring of progress. These measures infused positive outlook at the operational level and Öìããý ¶ã ¹ãã¾ããò ½ãò Ôããä½½ããäÊã¦ã Öö - there was a perceptible improvement under NPA Management. The measures include ã. Ôã¼ããè ¹ãã¨ã ½ãã½ãÊããò ½ãò ÔãÀ¹ããÔããè ãñ ¦ãÖ¦ã 100% ããÀÃÌããà ¹ãÀ ããñÀý a) Emphasis on 100% action under SARFAESI in all eligible cases ã. ãã¦ããò ããñ ã²ã¦ã¶ã ãÀ¶ãñ ãñ ãäÊã ãä¶ã¾ã¦ã Àã½ã ããè ÌãÔãîÊããè ¹ãÀ b) Emphasis on recovery of critical amount towards ããñÀý upgrading the accounts Øã. ãññ ½ãîʾã ãñ ãã¦ããò (ããñãèÔã-ÔãÌããè) ãñ ãäÊã ã ºããÀØããè c) Launching of One Time Settlement Scheme for ãä¶ã¹ãã¶ã ¾ããñã¶ãã ããè ÍãìÂãã¦ã, ãäãÔã¶ãñ Íãããã ¹ãƽãìããò ããñ Small Value Accounts (OTS-SVA), which delegated Discretionary powers to Branch Heads. ãäÌãÌãñãããä£ãããÀ ããè Íããäã¦ã ¹ãƪã¶ã ããè Öõý ¾ãÖ ¾ããñã¶ãã The Scheme was in force from 19.10.2009 to ã䪶ããâã 19-10-2009 Ôãñ 31-03-2010 ¦ãã ÊããØãî ©ããèý 31.03.2010. Üã. ã䪶ããâã 01-02-2010 Ôãñ 31-07-2010 ¦ãã Ôã¹ã ãñ ãäÊã d) Launching of recovery contest to staff from 01.02.2010 to 31.07.2010, which provided ÌãÔãîÊããè ¹ãÆãä¦ã¾ããñãäØã¦ãã ããè ÍãìÂãã¦ã, ãäãÔã½ãò Ôã¹ãÊã ãä¶ãÓ¹ããªããò ããñ payment of Cash incentive to successful ¶ã㪠¹ãÆãñ¦ÔããÖ¶ã ãñ ¼ãìØã¦ãã¶ã ãã ¹ãÆãÌã£ãã¶ã ©ããý performers. ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ Á.787 ãÀãñü¡ ããè ÌãÔãîÊããè ããè ãäãÔã½ãò ºãáñ ãã¦ãñ During the year, the Bank made substantial recovery ½ãò ¡ãÊãñ Øã ãã¦ãñ ¼ããè Íãããä½ãÊã Ööý ÌãÓãà ãñ ªãõÀã¶ã Á.435 ãÀãñü¡ ãñ of Rs.787 crore including recovery from written-off accounts. NPAs to the extent of Rs. 435 crore were ã¶ããÃã ãã¦ããò ãã ¼ããè ¸ã¾ã¶ã ãäã¾ãã Øã¾ããý also upgraded during the year. ÔãîÞã¶ãã ãñ ããä£ãããÀ ããä£ããä¶ã¾ã½ã ãñ ¦ã֦㠾ãããäÞãããããò ãã ãä¶ã¹ããÀã Disposal of petitions received under RTI Act ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ÔãîÞã¶ãã ãñ ããä£ãããÀ ããä£ããä¶ã¾ã½ã ãñ ¦ãÖ¦ã The Bank received 1,421 petitions seeking information ãã¶ãããÀãè ½ããúØã¦ãñ Öì ºãöã ããñ 1,421 ¾ãããäÞãããú ¹ãÆ㹦ã ÖìÃý Ôã¼ããè under RTI Act during the year 2009-10. All the requests were duly replied within the specified period ã¶ãìÀãñ£ããò ãã ãÌããºã ãä¶ã£ããÃãäÀ¦ã Ôã½ã¾ã Ôããè½ãã ã©ããæãÁ.30 ã䪶ããò ãñ ¼ããè¦ãÀ of 30 days. Eligible petitions (85%) were positively ã䪾ãã Øã¾ããý ¹ãã¨ã ¾ãããäÞãããããò (85%) ¹ãÀ ÔãããÀ㦽ãã ãÌããºã ã䪾ãã Øã¾ãã replied and the balance applications were found ããõÀ ÍãñÓã ããÌãñª¶ã ½ããâØãñ Øã ãäÌãÌãÀ¥ã ãñ ãäÊã ã¹ãã¨ã ¹ãã Øãý ineligible for the requested details. First Appellate Authority received 122 first appeals, ¹ãÆ©ã½ã ã¹ããèÊããè¾ã ¹ãÆããä£ãããÀãè ´ãÀã 122 ¹ãÆ©ã½ã ã¹ããèÊã ¹ãÆ㹦ã ãäã Øã, ããñ which were not satisfied with the reply of Central ãñ¶³ãè¾ã ã¶ã ÔãîÞã¶ãã ããä£ãããÀãè ãñ ¦¦ãÀ Ôãñ Ôãâ¦ãìÓ ¶ãÖãé ©ãñý ¶ã Public Information Officer. These appeals were duly ã¹ããèÊããò ãã ãä¶ã¹ãã¶ã ããä£ããä¶ã¾ã½ããò ãñ ¹ãÆãÌã£ãã¶ããò ãñ ã¶ãìÔããÀ ãäã¾ãã Øã¾ããý disposed as per the due provisions of the Act. ½ãã¶ã¶ããè¾ã ãñ¶³ãè¾ã ÔãîÞã¶ãã ãã¾ããñØã ãñ Ôã½ãàã 19 ã¹ããèÊã ¾ãããäÞãããããò ããñ 19 Appeal petitions were escalated as Second Appeal before the Honble Central Information ãä´¦ããè¾ã ã¹ããèÊã ãñ ¹㠽ãò Àãã Øã¾ããý ½ãã¶ã¶ããè¾ã ãñ¶³ãè¾ã ÔãîÞã¶ãã ãã¾ããñØã Commission. All 19 Appeals were disposed by the
25 ãñ ´ãÀã Ôã¼ããè 19 ã¹ããèÊããò ãã ãä¶ã¹ããÀã ãäã¾ãã Øã¾ããý ããã ããè ¦ããÀãèã Honble CIC. Bank had maintained favourable ¦ãã ããè Ôã¼ããè 54 ãä´¦ããè¾ã ã¹ããèÊããò ¹ãÀ ºãöã ããñ ã¶ãìãîÊã ãä¶ã¥ãþ㠹ãÆ㹦ã decisions in all the 54 Second Appeals decided till Öìý date. Industrial Rehabilitation ããõ²ããñãäØãã ¹ãì¶ãÌããÃÔã Number of cases under BIFR/AAIFR as at March 31, 31 ½ããÞãà 2010 ¦ãã ºããèããùãããÀ / ããùãããÀ ãñ ¦ãÖ¦ã 27 2010 were 27 with an exposure of Rs. 153.36 crore. ½ãã½ãÊãñ ©ãñ ãäãÔã½ãò Á.153.36 ãÀãñü¡ ãñ £ããÀ ©ãñý ¶ã½ãò Ôãñ ãìÊã Of this 7 accounts for Rs. 74.78 crore were standard and performing. Out of NPA accounts, recovery in 6 Á.74.78 ãÀãñü¡ ãñ 7 ãã¦ãñ ½ãã¶ãã Ìãâ ããÃã ©ãñý ã¶ããÃã ãã¦ããò ½ãò cases amounting to Rs. 4.53 crore was made and Ôãñ 6 ½ãã½ãÊããò ½ãò Á.4.53 ãÀãñü¡ ããè ÌãÔãîÊããè ããè Øã¾ããè Ìãâ ºããèããùãããÀ one standard account under BIFR reference with an Ôã⪼ãà ãñ ¦ãÖ¦ã Á.3.23 ãÀãñü¡ ãñ ããñãäã½ã ÌããÊãñ ã ½ãã¶ãã ãã¦ãñ ããñ exposure of Rs. 3.23 crore was also closed. During ºã⪠ãÀ ã䪾ãã Øã¾ããý ÌãÓãà ãñ ªãõÀã¶ã, Á.11.38 ãÀãñü¡ ãñ 3 ãã¦ãñ ããñ the year, 3 accounts with an aggregate exposure of Rs. 11.38 crore were brought out of SICA purview, ÔãããÃÔããè ãñ ªã¾ãÀñ Ôãñ ºããÖÀ ãä¶ãããÊãã Øã¾ãã, ªãñ ãã¦ããò ããñ ÔãÀ¹ããÔããè two accounts through SARFAESI action and one ããÀÃÌããà ãñ ´ãÀã Ìãâ ã ãã¦ãã ããñ ºããèããùãããÀ ãñ ´ãÀã ãä¶ãØãæã account by winding up order passed by BIFR. ããªñÍã ãñ ããäÀ ºã¶ª ãäã¾ãã Øã¾ããý Corporate Debt Restructuring ããù¹ããñÃÀñ ¨ãɥ㠹ãì¶ã: ÔãâÀÞã¶ãã As on March 31, 2010, the number of restructured borrowal accounts under CDR mechanism was 12 31-03-2010 ¦ãã Ôããè¡ãèããÀ ¦ãâ¨ã ãñ ¦ã֦㠹ãì¶ã: ÔãâÀãäÞã¦ã £ããÀ ãã¦ããò and the total outstanding was Rs. 335.60 crore (9 ããè Ôãâ¾ãã 12 ©ããè Ìãâ ãìÊã ºããã¾ãã Á.335.60 ãÀãñü¡ (31-03- cases with an outstanding of Rs. 176.05 crore 2009 ¦ãã Á.176.05 ãÀãñü¡ ºããã¾ãã ãñ 9 ½ãã½ãÊãñ) ©ãã, ãäãÔã½ãò outstanding as on 31.3. 2009) of which 10 accounts Á.285.66 ãÀãñü¡ ãñ 10 ãã¦ãñ ½ãã¶ãã Ñãñ¥ããè Ìãâ Á.49.94 ãÀãñü¡ ãñ for Rs. 285.66 crore are under standard category and 2 accounts for Rs. 49.94 crore are sub-standard. 2 ãã¦ãñ ãÌã½ãã¶ãã Ñãñ¥ããè ãñ Ööý ÌãÓãà ãñ ªãõÀã¶ã Á.173.88 ãÀãñü¡ ãñ During the year, 3 new standard accounts entered ãìÊã £ããÀ ÔããäÖ¦ã 3 ¶ã ½ãã¶ãã ãã¦ãñ Ôããè¡ãèããÀ ¹ãÆ¥ããÊããè ½ãò Íãããä½ãÊã CDR mechanism with total exposure of Rs. 173.88 Öìý ãÌã½ãã¶ãã ãã¦ããò ããè ÌãÔãîÊããè Öñ¦ãì ¹ãƾããÔã ããÀãè Öõý crore . Efforts are on for recovery of sub-standard accounts. ãä¶ãÌãñÍã Investments ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ãä¶ãÌãñÍã ½ãò Ìãðãä® ¹ãÆÔ¦ãì¦ã: ÔããâãäÌããä£ãã ¦ãÀÊã¦ãã The growth in investments during the year 2009-10 ã¹ãñàããããò ½ãò Ìãðãä® ãñ ããÀ¥ã ããè ããñ ãäã, ¹ãƽãìã¦ã: ºãöã ããè ã½ããããò ½ãò was mainly driven by the increase in Statutory Ìãðãä® ãñ ¹ããäÀ¥ãã½ã ÔÌã¹㠩ããèý ãä¹ãÊãñ ÌãÓãà ããè ¦ãìÊã¶ãã ½ãò 20.65% ããè Liquidity requirements resulting mainly out of Deposit Ìãðãä® ªãà ãÀ¦ãñ Öì ã䪶ããâã 31-03-2009 ¦ãã Á.30,497.19 ãÀãñü¡ growth of the bank. Gross Domestic Investments as of March 31, 2010 stood at Rs. 36,795.09 crore as ãñ ½ãìããºãÊãñ ã䪶ããâã 31-03-2010 ¦ãã ÔããÊã ÜãÀñÊãî ãä¶ãÌãñÍã Â. against Rs. 30,497.19 crore as on 31.03.2009 36795.09 ãÀãñ¡ ÀÖãèý ÌãÓãà ãñ ªãõÀã¶ã ÔãÊãããÀ ¹ãÆãä¦ã¼ãîãä¦ã ½ãò registering a growth of 20.65% over the previous Á.5,516.11 ãÀãñü¡ ¾ãã 20.67% ããè Ìãðãä® ªãà ããè Øã¾ããè ãºã ãäã year. Investments in SLR securities registered a ØãõÀ-ÔãÊãããÀ ãä¶ãÌãñÍã ½ãò Á.709.21 ãÀãñü¡ ¾ãã 18.62% ããè Ìãðãä® growth of Rs.5,516.11 crore or 20.67% during the year while Non SLR Investments increased by ÖìÃý Rs.709.21 crore or 18.62%. ÌãÓãà 2009-2010 ãñ ªãõÀã¶ã, Á.1,001.46 ãÀãñü¡ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú, During the year 2009-10, securities for Rs.1,001.46 ãäºãããè ãñ ãäÊã ¹ãÊ㺣ã (¹ãÔã) Ôãñ ¹ããäÀ¹ããã ½ãò Àããè (Þããè½ã) crore were transferred from Available for Sale (AFS) to Held to Maturity (HTM) segment, Rs.2,216.70 crore ÔãñØã½ãò ½ãò ãâ¦ããäÀ¦ã ããè Øãà Á.2,216.70 ãÀãñü¡ ããñ ¹ããäÀ¹ããã ½ãò Àããè from Held to Maturity (HTM) to Available for Sale (Þããè½ã) Ôãñ ãäºãããè ãñ ãäÊã ¹ãÊ㺣㠽ãò (¹ãÔã) ½ãò ãâ¦ããäÀ¦ã ããè (AFS). As on 31.03.2010, the SLR securities held in Øã¾ããèý 31-03-2010 ¦ãã, Þããè½ã ½ãò £ãããäÀ¦ã ÔãÊãããÀ ¹ãÆãä¦ã¼ãîãä¦ã¾ããú HTM stood at 22.39% of DTL against the limit of ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã 25% Ôããè½ãã ãñ ¹ãÆãä¦ã 31-03- 25% prescribed by Reserve Bank of India, compared to 22.62% as on 31.03.2009. 2009 ¦ãã 22.62% ããè ¦ãìÊã¶ãã ½ãò 22.39% ÀÖãèý The market was volatile and the Bank continued to ºããããÀ ããäÔ©ãÀ ©ãã ããõÀ ºãöã ¶ãñ ¹ãîÀñ ÌãÓãà ½ãò ãä¶ã¾ã¦ã ãã¾ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò trade both in Fixed Income Securities and Equities ããõÀ ÃãäãÌããè Íãñ¾ãÀãò ½ãò ã¹ã¶ãã ̾ãã¹ããÀ ºã¶ãã Àããý ÌãÓãà 2008-09 throughout the year. Total turnover (Book Value) in the secondary market reached Rs.65,790 crore during ãñ ªãõÀã¶ã Á.83,581 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò ÌãÓãà 2009-10 ½ãò ãä´¦ããè¾ãã the year 2009-10 as against Rs.83,581 crore during ºããããÀ ½ãò ããÀãñºããÀ ãäã Øã Íãñ¾ãÀãò ãìÊ㠹㥾ããÌã¦ãà (ºãÖãè ½ãîʾã) the year 2008-09. Total profit on sale of securities Á.65,790 ãÀãñü¡ ÀÖãý ÌãÓãà 2009-10 ½ãò ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããè ãäºãããè Ôãñ amounted to Rs. 291.86 crore during the year ¹ãÆ㹦ã ãìÊã Êãã¼ã Á.291.86 ãÀãñü¡ ©ãã ãºã ãäã ÌãÓãà 2008-09 ½ãò ¾ãÖ 2009-10 as against Rs. 636.83 crores during the year 2008-09. Return on total investments (excluding 636.83 ãÀãñü¡ ©ããý ãìÊã ãä¶ãÌãñÍããò ¹ãÀ ¹ãÆãä¦ãÊãã¼ã (¹ãÆãä¦ã¼ãîãä¦ã¾ããò Ìã Profit on Sale of Securities & including amortisation) ¹ããäÀÍããñ£ã¶ã ããè ãäºãããè ¹ãÀ Êãã¼ã ããñ ãñü¡ãÀ) ÌãÓãà 2008-09 ãñ 7.37% decreased from 7.37% in 2008-09 to 6.85% in ããè ¦ãìÊã¶ãã ½ãò ÌãÓãà 2009-10 ½ãò ÜããÀ 6.85% Öãñ Øã¾ããý 2009-10.
26 ºãöã ¶ãñ Á¹ã¾ãã ºããããÀ ªÀ ÔÌãõ¹ã ½ãò ̾ãã¹ããÀ Íãì ãäã¾ãã ããõÀ 31-03- The Bank started trading in Rupee interest rate swap 2010 ããñ ºããã¾ãã Á.25 ãÀãñü¡ ©ããý ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ºãöã ¶ãñ and the outstanding as on 31.03.2010 was ã¹ã¶ããè ãããäÔ¦ã¾ããò ããõÀ ªñ¾ã¦ããããò ãñ ÖñãäãâØã ãñ ¹ãÆãä¦ã ããñà ¶ã¾ãã Á¹ã¾ãã Rs. 25 crore. During the year 2009-10, the Bank has not entered into any fresh rupee interest rate º¾ããã ªÀ ÔÌãõ¹ã ¶ãÖãé ãäã¾ãã Öõ Êãñãäã¶ã ¹ãÖÊãñ Ôãñ ãäÊã Øã ÔÌãõ¹ã Á.750 swaps towards hedging its assets and liabilities but ãÀãñü¡ ããè Àã½ã ãñ ãäÊã ¹ããäÀ¹ããÌã Öãñ Øã Ööý 31-03-2009 ããñ swaps already taken matured for a sum of Rs.750 Á.1,800 ãÀãñü¡ ãñ ¹ãÆãä¦ã ºãöã ´ãÀã £ãããäÀ¦ã ãìÊã Á¹ã¾ãñ º¾ããã ªÀ ÔÌãõ¹ã crore during the year. The total Rupee interest rate 31-03-2010 ããñ Á.1,075 ãÀãñü¡ ÀÖãý swaps held by the Bank as on 31.03.2010 is Rs. 1075 crore as against Rs 1800 crore as on ¹ããùÀñãÔã ¹ããäÀÞããÊã¶ã 31.03.2009. ÌãõãäÍÌãã ½ãâªãè ãñ ããÀ¥ã ¾ã²ããä¹ã ¼ããÀ¦ããè¾ã ãä¶ã¾ããæããò ¹ãÀ ºãìÀã ¹ãü¡ã ãä¹ãÀ ¼ããè Forex Operations ºãöã ¶ãñ ÌãÓãà 2008-09 ãñ ªãõÀã¶ã Á.3,02,696.52 ãÀãñü¡ ããè Despite the global recession that badly hit the Indian ¦ãìÊã¶ãã ½ãò 2009-10 ½ãò Á.3,11,619.04 ãÀãñü¡ ¦ãã ã¹ã¶ãñ ¹ããùÀñãÔã exports, the Bank managed to increase its forex turn ãìÊã ãäºãããè (̾ãã¹ããÀãè Ìãâ ãâ¦ãÀ ºãöã) ããñ ºãü¤ã¾ããý Ôããè ãÌããä£ã ãñ over (merchant and interbank) from Rs.3,02,696.52 ªãõÀã¶ã ÔÌã¥ãà ãäÔãããñ ããè ãìªÀã ãäºãããè 614.252 ãäã.ØãÆã. Ôãñ ºãü¤ãÀ crore during 2008-09 to Rs.3,11,619.04 crore during 2009-10. The retail sales of gold coins rose from 928.440 ãäã.ØãÆã. Öãñ Øã¾ããèý 614.252 Kgs to 928.440 Kgs during the same period. ºãöã ¶ãñ ããñÀ ºãöãäãâØã ¹Êãñ¹ããù½ãà ããè ÔãìãäÌã£ãã ¹ãƪã¶ã ãÀ¦ãñ Öì ãäÌããä¼ã¸ã The Bank has started centralization of submission ãäÌããä¶ã¾ãã½ãã ãäÀ¶ãÃÔã ããè ¹ãÆÔ¦ãìãä¦ã ãñ Ôãâãñ¶³ãèãÀ¥ã ããè ÍãìÁãã¦ã ããè, of various regulatory returns leveraging the core- ãäãÔãÔãñ ããúãü¡ãò ããè ã¹ã¦ãã ½ãò Ôãì£ããÀ Öìããý ããñÀ ºãöãäãâØã ¹Êãñ¹ãã½ãà banking platform thus improving the data integrity. The connectivity established between the core banking Ìãâ ããñÌãÀÔããèûã Íããããããò ½ãò Ôãâ¹ããà ԩãããä¹ã¦ã Öãñ¶ãñ Ôãñ ¼ããÀ¦ã ½ãò ºãöã ãñ platform and the overseas branches has eliminated ãã¦ãã £ããÀããò ããñ ã¹ã¶ãñ ãäÌãªñÍããè ãã¾ããÃÊã¾ããò Ôãñ ¼ãñãñ Øã¾ãñ £ã¶ã ¹ãÆñÓã¥ããò ½ãò the delivery time in respect of overseas remittances ãâ¦ãÀ¥ã Ôã½ã¾ã ½ãò ã½ããè ãã¾ããèý Ôããñ ¹ããäÀ¥ãã½ãÔÌã¹ã, Êãã¼ãããä©ãþããò ãñ emanating from its overseas offices to Banks ãã¦ãñ ½ãò ¹ãÆñãäÓã¦ã ÀããäÍã ¦ã¦ããÊã ã½ãã Öãñ ãã¦ããè Öõý account holders in India. As a result, beneficiaries get instantaneous credit of the remitted amount. ãäÌãªñÍããè ãã¾ããÃÊã¾ããò ããñ ¹ãƪã¶ã ãäã¾ãñ Øã¾ãñ ããñÀ ºãöãäãâØã ¹Êãñ¹ããù½ãà ½ãò ããä¼ãØã½ã The access to the core-banking platform provided ãñ ããÀ¥ã ããä¶ãÌããÔããè ØãÆãÖããò ããñ ºãöã ããè Ôã¼ããè ãäÌãªñÍããè Íããããããò ½ãò to the overseas office has improved the service ¦ã¦ããÊã ÍãñÓã ¹ãî¦ãã Ìãâ ãã¦ããò ãñ ãäÌãÌãÀ¥ã ¹ãÆ㹦ã ãÀ¶ãñ Ôãâºãâ£ããè ÔãñÌãã ãñ standards to the NRI clients with instantaneous ½ãã¶ãããò ½ãò Ôãì£ããÀ Öìãã Öõý balance enquiries and generation of statement of accounts at all the overseas offices of the bank. ããä¶ãÌããÔããè ãã¦ãã ããñÊã¶ãñ ããñ ÈñãÀãè (ãäÌãªñÍããè) ½ãò ¶ãããÀà ¹ãÆããñÓ ½ãò Opening of NRI account has been centralized at the Ôãâãñã䶳¦ã ãäã¾ãã Øã¾ãã Öõý ãäÌããä¼ã¸ã ãäÌãªñÍããè ãã¾ããÃÊã¾ããò Ôãñ ãã¦ãã ããñÊã¶ãñ NRI cell at Treasury (Foreign). The account opening ãñ ¹ãƹã¨ã ããñ ¶ãããÀããà ¹ãÆããñÓ ½ãò ããä¨ã¦ã ãäã¾ãã ãã¦ãã Öõ Ìãâ ØãÆãÖã forms from various overseas offices are pooled at ãñ ¹ãÔãâªãèªã Íãããã ããè ºããäÖ¾ããò ½ãò ãã¦ãñ ããñÊãñ ãã¦ãñ Öö Ìãâ ãäºã¶ãã ãäÌãÊ㽺ã the NRI cell and accounts opened in the books of ãñ ¶Öò ¶ãããÀããà ãäã, ãäãÔã½ãò ¹ããÔã ºãìã, Þãñã ºãìã, ãè½ã ãã¡Ã the branch of the clients choice and an NRI kit Ìãâ ãä¹ã¶ã ½ãñÊãÀ Àãñ Øã¾ãñ Öö, ¹ãƪã¶ã ãäã¾ãñ ãã¦ãñ Ööý comprising of the pass book, cheque book, ATM card and the Pin mailer is issued without loss of time. Ôãâ¹ããà ã¦ããà ºãöã, ãäã¶ããã ºãöã ãñ Ôãã©ã Á¹ã¾ãã ãã¦ãã Öõ, ããñ ã¹ã¶ãñ ãã¦ããò The correspondent banks maintaining rupee account ¦ãã ¹ãÖìúÞã¶ãñ ãñ ãäÊã Ìãâ ã¹ã¶ãñ ¼ãìØã¦ãã¶ã Ôãâºãâ£ããè ãä¶ãªóÍããò Ìãâ ã¹ã¶ãñ with the bank have been provided a web-based ¡Èã¹ããò ããè ¹ããäÀãäÔ©ããä¦ã ÔããäÖ¦ã ããúÞã Öñ¦ãì Ìãñºã ãã£ãããäÀ¦ã ÔãìãäÌã£ãã ¹ãƪã¶ã facility to access their account and check the status ããè Øã¾ããè Öõý of their payment instructions including payment of their drafts. ¹ãáãèããà ãñ ªãäàã¥ã ¹ãƼããØã ãñ 㣾ãàã ãñ ¹㠽ãò ºãöã ¶ãñ ÔãªÔ¾ã As Chairman of the southern chapter of FEDAI, the ºãöããò ããè ãä¦ã½ããÖãè ºãõã ãã ãã¾ããñã¶ã ãäã¾ãã, ãÖãú ¹ããùÀñãÔã ããÀãñºããÀ Ôãñ Bank conducted the quarterly meetings of the member Ôãâºãâãä£ã¦ã ½ãã½ãÊããò ¹ãÀ ÞãÞããà ããè ØãÃý banks where issues pertaining to the forex business were deliberated. ºãöã ¶ãñ ãØãÔ¦ã 2009 Ìãâ ¹ãÀÌãÀãè 2010 ãñ ªãõÀã¶ã ãäÌããä¼ã¸ã ãä¶ã¾ããæããñ¶½ãìããè ÔãâØã¶ããò, ãõÔãñ ÃÔããèããèÔããè, ããâãäÔãÊã ¹ããùÀ ÊãñªÀ ãÔã¹ããñÃÔã, The Bank conducted the meetings of the sub- committee of the State Level Bankers Committee for ¹ãããÃÃããñ, ÃùããèÔããè ãããäª ããè Ôããäã¾ã ÔãÖ¼ãããäØã¦ãã Ôãñ ãä¶ã¾ããæããò ãñ Exports during August 2009 and February 2010 with ãäÊã Àã¾ã Ô¦ãÀãè¾ã ºãöãÔãà Ôããä½ããä¦ã ããè ¹ã-Ôããä½ããä¦ã ããè ºãõããò ãã ã¾ããñã¶ã active participation from various export-oriented ãäã¾ããý ºãöã ¶ãñ ¹ãããÃÃããñ ãñ Ôãã©ã ãä½ãÊããÀ ½ãªìÀõ ½ãò ã ãä¶ã¾ããæã organizations such as ECGC, Council for Leather ããØãÂã¦ãã ãã¾ãÃã½ã ãã¾ããñãäã¦ã ãäã¾ããý Exports, FIEO, EEPC, etc. The Bank in association with FIEO organized an export awareness programme ¹ããùÀñãÔã ãäã¾ãã-ãÊãã¹ããò Ôãñ ¦¹ã¸ã Öãñ¶ãñ ÌããÊãñ Ôã¼ããè ããñãäã½ããò ããñ Ôããè½ãã at Madurai. ÔããäÖ¦ã Ôããä½½ããäÊã¦ã ãÀ¦ãñ Öì ºããñ¡Ã ãñ ´ãÀã Ôã½ãìãäÞã¦ã ¦ãÀãèãñ Ôãñ ã¶ãì½ããñã䪦ã A comprehensive Risk Management Policy, with limits ã Ôã½ãØãÆ ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã ÊããØãî Öõý ºããñ¡Ã ãñ ´ãÀã Ôã½ãìãäÞã¦ã duly approved by the Board, covering all risks arising ¦ãÀãèãñ Ôãñ ã¶ãì½ããñã䪦㠽ãì³ãÌããÀ ã䪶ã ãñ / Àããä¨ã ãñ ããñãäã½ããò ãã ªõãä¶ãã out of forex activities, is in place. Currency-wise Day-
27 ãã£ããÀ ¹ãÀ ¹ãƺããñ£ã¶ã ãäã¾ãã ãã ÀÖã Öõý £ããÀ ããñãäã½ã, ãÊã-Ôããõªã Light/Overnight exposures, duly approved by the Ôããè½ãã Ìãâ Öããä¶ã-Àãñ£ã Ôããè½ããããò (¹ãÆãä¦ã Ôããõªã / ¹ãÆãä¦ã ̾ãã¹ããÀãè ¹ãÆãä¦ã ã䪶ã) Board, are being monitored on daily basis. Counter- ããñ ãÌãÀ ãÀ¶ãñ ãñ ãäÊã ¹ãÆãä¦ã-¹ãããê Ôããè½ããããò ãã ¹ãƼããÌããè ¹ã Ôãñ ¹ãƺããñ£ã¶ã party limits to cover the credit exposure, single-deal limit and stop-loss limits (per deal /per dealer per ãäã¾ãã ãã ÀÖã Öõý day) are being monitored effectively. ãñãä¡ ãã¡Ã Credit Card ºãöã ãã ã¹ã¶ãã ÌããèÔãã ¾ãìã¦ã ãñãä¡ ãã¡Ã ã¹ã¶ãñ ØãÆãÖããò ããè ããÌã;ãã¦ããããò The Banks own Visa enabled Credit Card is catering ããñ ¹ãîÀã ãÀ ÀÖã Öõ Ìãâ ãìÊ㠹㥾ããÌã¦ãà ½ãò ãä¹ãÊãñ ÌãÓãà ããè ¦ãìÊã¶ãã ½ãò to the requirements of its clientele and the turnover 26.23% ããè Ìãðãä® Öìà Ìãâ ãä¶ãÌãÊã ãã½ãª¶ããè Á.291.70 Êããã Öõ has increased by 26.23% over last year and the net earnings is Rs. 291.70 lakhs - an increase of 14%. Ìãâ Ôã½ãò 14% ããè Ìãðãä® ªãà ããè ØãÃý ÌãÓãà ãñ ªãõÀã¶ã, ÀããÔÌã During the year, on a revenue sharing model, a tie ãäÖÔÔãñªãÀãè ¹ãÆãä¦ãªÍãà ãñ ãã£ããÀ ¹ãÀ ØãÆãÖããò ãñ ̾ãã¹ãããäÀã ¹ãÆãä¦ãÓã¶ããò ½ãò up was made to venture into Card Acquiring ãäºãããè ãä½ãöãÊÔã ãñ¶³ Ô©ãããä¹ã¦ã ãÀ ãã¡Ã ¹ãÆ㹦ã ãÀ¶ãñ ãñ ̾ãã¹ããÀ Ôãâºãâ£ããè business by deploying Point of Sale terminals at ²ã½ã ãñ ãäÊã ã Ôã½ã¢ããõ¦ãã ãäã¾ãã Øã¾ããý ããÔãã ã½ããããò ããñ ÔãìÒü¤ clients merchant establishments. This would serve ãÀ¶ãñ ½ãò Ôãããè ½ãÖ¦Ìã¹ãî¥ãà ¼ãîãä½ããã ÖãñØããè Ìãâ 500 ãä½ãöãÊÔã ¹ãÖÊãñ Öãè as a tool to build up CASA deposits and 500 terminals have already been installed. The Internet Ô©ãããä¹ã¦ã ãäã¾ãã ãã Þãìãã Öõý âÀ¶ãñ ¼ãìØã¦ãã¶ã Øãñ Ìãñ (ããùããèããè), Payment Gateway (IPG), which was also launched ãäãÔãñ Ã-ããù½ãÔãà ¼ãìØã¦ãã¶ã ããñ Êããñããä¹ãƾ㠺ã¶ãã¶ãñ ãñ ãäÊã Íãì ãäã¾ãã Øã¾ãã to popularize E-commerce payment, is gaining ©ãã, ÌãÖ ãºã Øããä¦ã ããà Öõý momentum. ̾ãã¹ããÀãè ºãöãäãâØã Merchant Banking ºãöã ¶ãñ ã䡺ãòÞãÀ ¶¾ããÔããè, ãä¶ãØãýããò ãñ ãäÊã ÌãÔãîÊããè ã¦ããà ºãöãÀ ããõÀ The Bank continues to act as Debenture Trustee, Collecting Bankers to Issues and Dividend/Interest Êãã¼ããâÍã / º¾ããã ãªãã¦ããà ºãöãÀ ãñ ¹㠽ãò ã¹ã¶ããè ¼ãîãä½ããã ããñ ããÀãè Paying Banker. During the year, the Bank decided Àããý ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ ãä¶ã¥ãþã ãäÊã¾ãã ãäã to i) ¶ã¾ãñ ¦ããõÀ ¹ãÀ Íãì ãäã Øã ããùããèããñ ¹ãÆãäã¾ãã Ôãºããè (ãÌãÁ® i) act as Collecting Bankers for the newly ÀããäÍã¾ããò ãñ ´ãÀã Ôã½ããä©ãæã ã¶ãì¹ãƾããñØã) ãñ ãäÊã ÌãÔãîÊããèã¦ããà ºãöã introduced IPO process ASBA (Applications ãñ ¹㠽ãò ãã½ã ãÀ¶ããý Supported by Blocked Amounts). ii) ¼ãìØã¦ãã¶ã ãÀ¶ãñ ÌããÊãñ ºãöãÔãà ãñ ¹㠽ãò Êãã¼ããâÍã / º¾ããã ÌããÀâ ãñ ii) change the procedure for handling Dividend/ ¹ãƺãâ£ã¶ã Öñ¦ãì ¹ãÆãäã¾ãã ããñ ºãªÊãòý Ôããñ ãäÊã ããÌã;ãã Interest Warrants as Paying Bankers. Necessary computer programme for this has been ãâ¹¾ãîÀ ¹ãÆãñØãÆã½ã ãäÌãããäÔã¦ã ãäã Øã Öö Ìãâ Ôããã Ôã¹ãÊã¦ãã¹ãîÌãÃã developed and successfully tested. ¹ãÀãèàã¥ã ãäã¾ãã Øã¾ãã Öõý Depository Operations ãä¶ãàãñ¹ããØããÀ ¹ããäÀÞããÊã¶ã The Bank is a Depository Participant of NSDL and ºãöã ¶ãÔã¡ãèÊã ãã ãä¶ãàãñ¹ããØããÀ ¹ãÆãä¦ã¼ããØããè Öõ Ìãâ 56 ÔãñÌãã ãñ¶³ is extending depository related services through 56 Íããããããò (Þãñ¸ãõ ãäÔ©ã¦ã ãä¶ã¾ãâ¨ã¥ãã¦ããà ãä¶ãàãñ¹ããØããÀ Íãããã ÔããäÖ¦ã) ãñ ããäÀ service centre branches (including the controlling Chennai Depository branch), of which 14 branches ãä¶ãàãñ¹ã Ôãâºãâ£ããè ÔãñÌããú ¹ãƪã¶ã ãÀ ÀÖã Öõ, ãäãÔã½ãò 14 Íããããú Þãñ¸ãõ ½ãò, are in Chennai, 25 in Mumbai and the remaining in 25 Íããããú ½ã콺ãà ½ãò Ìãâ ÍãñÓã 㶾㠶ãØãÀãò ½ãò Ööý other cities. ¨ãÉ¥ã Ôã½ãîÖ¶ã ãã¾ãÃãÊãã¹ã Loan Syndication Activities: ºãöã ãñ ̾ãã¹ããÀãè ºãöãäãâØã ¹ãƼããØã ãñ ¨ãÉ¥ã Ôã½ãîֶ㠡ñÔã ¶ãñ ¨ãÉ¥ã Ôã½ãîÖ¶ã Loan Syndication Desk of the Merchant Banking ãäã¾ãã-ãÊãã¹ã Ôãñ ¹ãÆ㹦ã Êãã¼ã ãã ¹ãîÀã ¹ã¾ããñØã ãäã¾ãã Öõý ºãöã ¶ãñ ¼ããÀ¦ã ½ãò Division of the Bank took advantage of the benefits arising out of syndication activity. The Bank has acted ¦ã©ãã ãäÌãªñÍã ½ãò ªñÍããè¾ã Ìãâ ãäÌãªñÍããè ½ãì³ã ½ãò ãâ¹ããä¶ã¾ããò ããñ ã½ãÍã: ¼ããÀ¦ããè¾ã as Lead Arranger/Co-Lead Arranger for loans to Á¹ã¾ãñ Ìãâ ¾ãîÔã ¡ãùÊãÀ ½ãò ¨ãɥ㠹ãÊ㺣ã ãÀã¶ãñ ½ãò ãØãÆ¥ããè ̾ãÌãÔ©ãã¹ãã Companies in India and abroad both in INR and / ÔãÖ ãØãÆ¥ããè ̾ãÌã¾ãÔ©ãã¹ãã ããè ¼ãîãä½ããã ãä¶ã¼ããà Öõý ÌãÓãà ãñ ªãõÀã¶ã, USD respectively. During the year, the Bank achieved ºãöâã ¶ãñ Á.645 ãÀãñü¡ ãñ ãä½ã¾ããªãè ¨ãÉ¥ã Üãã Ôããä֦㠺ãü¡ñ Ôã½ãîÖ¶ã Öñ¦ãì financial closure for a large syndication proposal with ãäÌ㦦ããè¾ã ãÊããñãÀ ¹ãÆ㹦ã ãäã¾ãã Öõý Á.1,475 ãÀãñü¡ ãñ ¨ãÉ¥ã Üãã ãñ a term loan component of Rs.645 crores. Tie-up with other banks in respect of another syndication ãäÊã ã ããõÀ Ôã½ãîֶ㠹ãÆÔ¦ããÌã ãñ Ôãâºãâ£ã ½ãò 㶾㠺ãöããò ãñ Ôãã©ã Øãºãâ£ã¶ã proposal for a debt component of Rs.1,475 crores is ããè ¹ãÆãäã¾ãã ¹ãÆØããä¦ã ¹ãÀ Öõý under progress. ÔãÀããÀãè Êãñãã Government Accounts ¹ãƦ¾ãàã ãÀ ÌãÔãîãäÊã¾ããú Direct Tax Collections ºãöã 354 Íããããããò ãñ ããäÀ ããù¶ã Êãã¶ã õãÔã ããããä¶âØã ãäÔãÔ½ã The Bank is authorised to collect Income Tax and (ããñÊããèÔã)Ôãñ ¼ããõãä¦ãã ÞããÊãã¶ããò ããè ÔÌããèãðãä¦ã ´ãÀã ãã¾ããÀ ããõÀ other Direct Taxes through On Line Tax Accounting 㶾㠹ãƦ¾ãàã ãÀ ããè ÌãÔãîÊããè ãñ ãäÊã ¹ãÆããä£ããð¦ã Öõý ºãöã ããñ ¹ãƦ¾ãàã ãÀ System (OLTAS) in 354 branches. The Bank is given All India Authorisation to receive e-Payment of Direct ãã ÔãâØãÆÖ¥ã Ã-¼ãìØã¦ãã¶ã ãñ ããäÀ ÔÌããèããÀ ãÀ¶ãñ ãñ ãäÊã ããäãÊã ¼ããÀ¦ããè¾ã Taxes and it has been implemented since 2007.
28 Ô¦ãÀ ¹ãÀ ¹ãÆããä£ããð¦ã ãäã¾ãã Øã¾ãã Öõ ããõÀ ÌãÓãà 2007 Ôãñ Ôãñ ãã¾ããÃãä¶Ìã¦ã Gemini Circle Branch, Chennai is functioning as e- ãäã¾ãã Øã¾ãã Öõý ãñãä½ã¶ããè ÔããäãÃÊã Íãããã, Þãñ¸ãõ, ¹ãƦ¾ãàã ãÀ ÔãâØãÆÖ¥ã ãñ Focal Point Branch for Direct Tax collections. TAN ãäÊã Ã-¹ããñãÊã ¹ããâ Íãããã ãñ ¦ããõÀ ¹ãÀ ãã¾ãà ãÀ ÀÖãè Öõý õ¶ã ¡ãã data quality is 99.41% and PAN data quality is 98.35%. ãÌãããäÊããè 99.41% Ìãâ ¹ãõ¶ã ¡ãã ãÌãããäÊããè 98.35% Öõý Indirect Tax Collections ã¹ãƦ¾ãàã ãÀ ÔãâØãÆÖ¥ã The Bank is authorised to receive Indirect Taxes ºãöã ããñ 217 Íããããããò ¹ãÀ ÊãñãÈãùãä¶ãã Êãñããâã¶ã ¹ãÆ¥ããÊããè ãñ ããäÀ through Electronic Accounting System in Excise and ¦¹ã㪠ÍãìÊã ããõÀ ÔãñÌãã ãÀ (ÃÔãããÃÃÔããè) ãõÔãñ ã¹ãƦ¾ãàã ãÀ Service Tax (EASIEST) in 217 branches. The Bank ¹ãÆ㹦ã ãÀ¶ãñ ãñ ãäÊã ¹ãÆããä£ããð¦ã ãäã¾ãã Øã¾ãã Öõý ºãöã ããñ ¦¹ã㪠ÍãìÊã is given all-India authorization to receive e-payment ããõÀ ÔãñÌãã ãÀ ããè Ã-¹ãñ½ãñ¶ ¹ãÆ㹦ã ãÀ¶ãñ ãñ ãäÊã ããäãÊã ¼ããÀ¦ããè¾ã of Excise and Service Taxes which has been implemented since December 2006. Haddows Road ¹ãÆããä£ããÀ¥ã ¹ãÆ㹦ã Öìãã Öõ ãäãÔããã ãã¾ããöÌã¾ã¶ã ãäªÔ㽺ãÀ 2006 Ôãñ Öãñ Branch, Chennai is functioning as e-Focal Point ÀÖã Öõý Öõ¡ãñã Àãñ¡ Íãããã, Þãñ¸ãõ, ãñ¶³ãè¾ã ¦¹ã㪠ÍãìÊã ÔãâØãÆÖ¥ã ãã Branch for collection of Central Excise and Nariman Ã-¹ããñãÊã ¹ããâ Íãããã ãñ ¹㠽ãò Ìãâ ¶ãÀãè½ã¶ã ¹Ìããâ Íãããã, ½ã콺ãà ããñ Point Branch, Mumbai is functioning as e-Focal Point ÔãñÌãã ãÀ ãõÔãñ ã¹ãƦ¾ãàã ãÀ ÔãâØãÆÖ¥ã ãñ ãäÊã Ã-¹ããñãÊã ¹Ìããâ Íãããã Branch for Service Tax. ãñ ¦ããõÀ ¹ãÀ ãã¾ãà ãäã¾ãã Øã¾ãã Öõý Payment of Pension ¹ãòÍã¶ã ãã ¼ãìØã¦ãã¶ã The Bank handles payment of Pension in respect of Central Civil, Defence, Railways, Telecom, State ºãöã ãñ¶³ãè¾ã ãäÔããäÌãÊã, Ààãã, ÀñÊãÌãñ, ñÊãããù½ã ããõÀ Àã¾ã ÔãÀããÀãò, Governments, TNEB, Chennai Port Trust, Employees ãè¶ãúããè, Þãñ¸ãõ ¹ããñà ÈÔ, ã½ãÃÞããÀãè ¼ããäÌãÓ¾ã ãä¶ããä£ã ÔãâØã¶ã ¹ãòÍã¶ã Provident Fund Organisation Pension, Malaysian ããõÀ ½ãÊãñãäÍã¾ã¶ã ÔãÀããÀ ¹ãòÍã¶ã ããõÀ ããñ¾ãÊãã ã¶ã¶ã ¼ããäÌãÓ¾ã ãä¶ããä£ã ¹ãòÍã¶ãÀãò Government Pension and Coal Mines Provident Ôãñ Ôãâºãâãä£ã¦ã ¹ãòÍã¶ã ¼ãìØã¦ãã¶ããò ããñ Ôãâ¼ããÊã¦ãã Öõý Fund Pensioners. ºãöã ãñ ãñ¶³ãè¾ã ¹ãòÍã¶ã ÔãâÔãã£ã¶ã ãñ¶³ (Ôããè¹ããè¹ããèÔããè) ããè Ô©ãã¹ã¶ãã ããè Öõ The Bank has established Centralised Pension Ìãâ ã¶ãÌãÀãè 2009 Ôãñ Ôããè¹ããè¹ããèÔããè ´ãÀã ãñ¶³ãè¾ã ãäÔããäÌãÊã ¹ãòÍã¶ã ãã Processing Centre (CPPC) and Central Civil Pension is being paid by CPPC since January 2009. During ¼ãìØã¦ãã¶ã ãäã¾ãã ãã ÀÖã Öõý ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ ò Ìãñ¦ã¶ã ãã¾ããñØã ãñ the year, the Bank completed disbursement of pension 㶦ãØãæã ÔãÀããÀ ãñ ãäªÍãã-ãä¶ãªóÍããò ãñ ¦ã֦㠹ãòÍã¶ã ºããã¾ãñ ãñ ÔãâãäÌã¦ãÀ¥ã arrears under 6th Pay Commission for Civil and ¦ã©ãã Ààãã ¹ãòÍã¶ãÀãò ãã ÔãâãäÌã¦ãÀ¥ã ãã¾ãà ¹ãîÀã ãäã¾ããý Defence Pensioners, as per Government directives. ÈñãÀãè Treasury ¦ããä½ãÊã ¶ãã¡ì ÔãÀããÀ ãã ÈñãÀãè ̾ãã¹ããÀ 9 Íããããããò ½ãò Ìãâ ü¡ãèÔãã Treasury Business of the Government of Tamil Nadu ÔãÀããÀ ãã ÈñãÀãè ̾ãã¹ããÀ 1 Íãããã ½ãò ÞãÊã ÀÖã Öõý ÖãÊã ½ãò, ¦ããä½ãÊã¶ãã¡ì is conducted in 9 branches and Government of Orissa in 1 branch. Recently, Valliyoor Branch (Tirunelveli ããè ÌããäÊÊã¾ãîÀ Íãããã (ãä¦ãÁ¶ãñÊãÌãñÊããè àãñ¨ã) Ìãâ ¹¹ããñªì½ã Ìãñ¶¡Èã¶ã Region) and Eppodum Vendran Branch (Tuticorin (¦ãî¦ããèããñÀãè¶ã àãñ¨ã) Íãããã ããñ ÈñãÀãè ̾ãã¹ããÀ ãÀ¶ãñ ãñ ãäÊã ¹ãÆããä£ããð¦ã Region) in Tamil Nadu have also been authorised ãäã¾ãã Øã¾ãã Öõý by the RBI to conduct treasury business. 㶾ã ÔãÀããÀãè ̾ãã¹ããÀ Other Government Business ºãöã ¼ããÀ¦ã ÔãÀããÀ ããè ºãÞã¦ã ¾ããñã¶ããããò, ãõÔãñ ÌããäÀÓ ¶ããØããäÀã ºãÞã¦ã The Bank actively participates in the Government of ¾ããñã¶ãã 2004, ãäÀãäÊã¹ã ºããù¥¡, ãäÌãÍãñÓã ã½ãã ¾ããñã¶ãã Ìãâ Êããñã ¼ããäÌãÓ¾ã India Savings Schemes like Senior Citizens Savings Scheme 2004, Relief Bond, Special Deposit Scheme, ãä¶ããä£ã ½ãò Ôããäã¾ã¦ãã¹ãîÌãÃã ¼ããØã Êãñ¦ãã Öõý ¦ããä½ãÊã¶ãã¡ì ½ãò 42 Íããããããñâ and Public Provident Fund. Post Office collection ¹ãÀ ¡ãã ÜãÀ ÔãâØãÆÖ¥ã ãã¦ãã ãã ã¶ãìÀàã¥ã ãäã¾ãã ãã¦ãã Öõý Account is maintained in 42 branches in Tamil Nadu. ½ãì³ã ãä¦ãããñÀãè Currency Chest ºãöã ããè ãìÊã 34 ½ãì³ã ãä¦ãããñãäÀ¾ããú Ööý ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ããõÀ The Bank has 34 Currency Chests; which includes ªãñ ½ãì³ã ãä¦ãããñÀãè ÃÀãñ¡ (ÃÀãñ¡ àãñ¨ã) Ìãâ Øãã¹ããä¦ã¶ãØãÀ (ºãÆÚã¹ãìÀ àãñ¨ã) ½ãò Two Currency Chests opened at Erode (Erode ããñÊãñ Øã¾ãñý Region) and Gajapathinagar (Berhampur Region) during 2009-10. ãâ¦ãÀ Íãããã Ôã½ãã£ãã¶ã Inter Branch Reconciliation ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãä¶ãªóÔãã¶ãìÔããÀ ããºããèããÀ ãã¦ããò ãñ Ôã¼ããè ¶ãã½ãñ The Reserve Bank of India directive stipulates that ããõÀ ã½ãã ¹ãÆãäÌããäÓ¾ããò ãã 6 ½ããÖ ããè ãÌããä£ã ½ãò Ôã½ãã£ãã¶ã/ãä¶ãÀÔã¶ã ãäã¾ãã all debit and credit entries in the IBR accounts are ãã¶ãã ã¹ãñãäàã¦ã Öõý ºãöã Ôã½ãã£ãã¶ã Þãã ããñ ã½ã ãÀ¶ãñ, ã½¹ããÔã ããõÀ ½ããâØã required to be reconciled / eliminated within a period ¡Èã¹ããò ããè ¶ãã½ãñ ¹ãÆãäÌããäÓ¾ããò ããñ 15 ã䪶ããò ½ãò ãä¶ãÀÔã¶ã ãÀ¶ãñ ½ãò Ôã¹ãÊã of 6 months. The Bank has significantly reduced the ÀÖãý ºãöã ¾ãÖ ¼ããè Ôãìãä¶ããäÍÞã¦ã ãÀ¦ãã Öõ ãäã ããñà ¼ããè ãä¶ããä£ã ãâ¦ãÀ¥ã ããõÀ reconciliation cycle, elimination of the COMPASS and ¦ããÀ ãâ¦ãÀ¥ã ¹ãÆãäÌããäÓ ã ½ãÖãè¶ãñ Ôãñ ããä£ãã ãÌããä£ã ãñ ãäÊã ºããã¾ãã Demand Draft debit entries to 15 days. Besides, the Bank ensures that no funds transfer and telegraphic ¶ãÖãé Öõý transfer entry is outstanding for more than one month.
29 ãä¶ãÀãèàã¥ã Inspection ãä¶ãÀãèàã¥ã ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ãã ãä¶ãÀãèàã¥ã, Central Office Inspection, along with EDP Audit and áãè¹ããè Êãñãã-¹ãÀãèàãã ¦ã©ãã ãä¶ã¹ãÔãã ÔããäÖ¦ã 1,633 Íããããããò ½ãò ãäã¾ãã NIPSA, was carried out in 1,633 branches during the year 2009-10. Since all branches were converted Øã¾ããý Þãîúãäã Ôã¼ããè Íããããú ÔããèºããèÔã Öãñ Øãà Öö, ã¦ã: Ôã¼ããè Íããããããò to CBS, inspection was conducted in all the ãã ããù¶ãÊãã¶ã ãä¶ãÀãèàã¥ã ãäã¾ãã Øã¾ããý ãä¶ãÀãèàã¥ã ããè Øã¾ããè Íããããããò ½ãò Ôãñ branches on-line. Out of the branches inspected, 451 451 Íããããããò ãã Ñãñ¥ããè-ãä¶ã£ããÃÀ¥ã ãÞã ã䪾ãã Øã¾ããý branches were rated as Good. Ôã ãÌããä£ã ãñ ªãõÀã¶ã ¹ãÆãä¦ããä¶ããä£ã ãã¾ããÃÊã¾ããò ããñ Íãããä½ãÊããÀ ÖãâØã ããâØã, Inspection of Hong Kong, Singapore, Seoul, Bangkok ãäÔãâØãã¹ãìÀ, ÔããñÊã, ºãöããùã Ìã ããñÊãâºããñ Íããããããò ãã ¼ããè ãä¶ãÀãèàã¥ã ãäã¾ããý and Colombo branches including Representative Offices were also conducted during the period. àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ´ãÀã Íããããããò ½ãò ãʹãããÊããè¶ã ãä¶ãÀãèàã¥ã ãäã¾ãã Øã¾ããý Regional Offices carried out periodical Short Ôã ãÌããä£ã ãñ ªãõÀã¶ã 41 àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ããõÀ ãò³ãè¾ã ãã¾ããÃÊã¾ã ãñ Inspection of Branches. Management Audit of all 41 34 ãäÌã¼ããØããò ½ãò ¹ãƺãâ£ã¶ã Êãñãã ¹ãÀãèàãã ¼ããè ¹ãîÀãè ããè ØãÃý ºãöã ãñ ããÀãñºããÀ Regional Offices and 34 Central Office Departments ãñ ã½ã Ôãñ ã½ã 50% ããñ ¹ãîÀã ãÀ¶ãñ ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªÃñÍããò was also conducted during this period. Total of 336 branches were brought under Concurrent Audit ããñ ¹ããÀ ãÀ¦ãñ Öì 58.23% ãñ ã½ãã ããÀãñºããÀ ããõÀ 74.78% ãñ covering 58.23% of Deposits and 74.78% of ããäØãƽããò ÌããÊããè ãìÊã 336 Íããããããò ããñ Ôã½ãÌã¦ããê Êãñãã-¹ãÀãèàãã ãñ ¦ãÖ¦ã Advances, thereby exceeding RBI guidelines of Êãã¾ãã Øã¾ããý 1,419 Íããããããò ½ãò ÀããÔÌã Êãñãã-¹ãÀãèàãã ããõÀ 334 covering at-least 50% of Banks Business. Revenue Íããããããò ½ãò ¶ã½ãî¶ãã ããúÞã Êãñãã-¹ãÀãèàãã ããè ØãÃý Þãìãä¶ãâªã ãã£ããÀ ¹ãÀ Audit was carried out in 1,419 branches and Test 754 ãã¦ããò ããè Ôãùã Êãñãã-¹ãÀãèàãã ããè ØãÃý Check Audit in 334 branches. Stock Audit was conducted for 754 accounts on selective basis. Ôã¼ããè 1633 Íããããããò ½ãò ããñãäã½ã ãã£ãããäÀ¦ã ããâ¦ããäÀã Êãñãã-¹ãÀãèàãã Risk Based Internal Audit (RBIA) was conducted in (ããÀºããèãã) ããè ØãÃ, ãÖãú ãò³ãè¾ã ãã¾ããÃÊã¾ã ´ãÀã ãä¶ãÀãèàã¥ã ãäã¾ãã the 1633 branches, where CO Inspection was carried Øã¾ãã ©ããý àãñ¨ã ããè ããñãäã½ã ãã£ãããäÀ¦ã ¹ãÀñãã ºã¶ãããÀ ããÀºããèãã ãñ out. Management Audit of Regional Offices was also ¦ãÖ¦ã àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ½ãò ¹ãƺãâ£ã¶ã Êãñãã-¹ãÀãèàãã ¼ããè ããè ØãÃý conducted under RBIA by preparing Risk Profile of the Regions. Ôã¼ããè 41 àãñ¨ããè¾ã ã½¹¾ãîÀ ãñ¶³ãò, ã ãä¶ãàãñ¹ããØããÀ Íãããã Ìãâ 321 Information Systems (IS) Audit was conducted in all Íããããããò, ãäãÔã½ãò 4 ã¹ãÌããªÔÌã¹㠺ãðÖ¦ã Íããããú Ìãâ 96 ã¹ãÌããªÔÌã¹ã the 41 Regional Computer Centres, one Depository ºãü¡ãè Íããããú ããõÀ 221 ºãÖì¦ã ºãü¡ãè Íããããú Ôããä½½ããäÊã¦ã Öö, ÔãîÞã¶ãã branch and 321 branches, consisting of 4 ¹ãÆ¥ããÊããè (ããÔã) Êãñãã ¹ãÀãèàãã ããè ØãÃý ¾ããñؾ㠺ããÖÀãè Êãñãã-¹ãÀãèàãããò Exceptionally Extra Large, 96 Exceptionally Large and ´ãÀã ÔãîÞã¶ãã ¹ãÆ¥ããÊããè ããè Ôã½ããèàãã / ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ãñ ãäÌã¼ããØããò ããè 221 Very Large branches. Information Systems Review / Audit of CO-Departments, viz. Data Centres and Êãñãã ¹ãÀãèàãã ¾ãã¶ããè ¡ãã ãñ¶³ Ìã ¡ãèããÀ Ôãã, ¶ãñÌããÃ, ºãöãäãâØã DR Site, Network, Core Banking Solution, ATM / Debit ÔãùʾãîÍã¶ã, ãè½ã/¡ñãäºã ãã¡Ã ¹ããäÀÞããÊã¶ã, ããÀãèããèÔã/¶ã¹ããè Card operations, RTGS/NEFT Operations, Internet ¹ããäÀÞããÊã¶ã, ãããè ãäÌã¼ããØã ´ãÀã Ôãâ¼ããÊããè Øãà ¶À¶ãñ ºãöãäãâØã Ìã ½ããñºããÊã Banking and Mobile Banking handled by Information ºãöãäãâØã, ãñãä¡ ãã¡Ã ¹ããäÀÞããÊã¶ã, ÈñûãÀãè [ªñÍããè] Ìã [ãäÌãªñÍããè] ¹ããäÀÞããÊã¶ããò Technology Department, Credit Card operations, ããè Êãñãã-¹ãÀãèàãã ãÀãà ØãÃý Treasury (Domestic) and Treasury (Foreign) operations were conducted by engaging Qualified External Êãñãã-¹ãÀãèàãã ¹ã Ôããä½ããä¦ã (ÔãÔããè) Auditors. ã䪶ããâã 26 ãØãÔ¦ã 2008 ããñ Ôãâ¹ã¸ã ½ãâ¡Êã ããè ºãõã ½ãò Êãñãã-¹ãÀãèàãã Audit Sub Committee (ASC): ¹ã Ôããä½ããä¦ã (ÔãÔããè) ãñ Øã¶ã ãã ã¶ãì½ããñª¶ã ãäã¾ãã Øã¾ããý ãäÌ㦦ããè¾ã ÌãÓãà Board of Directors in the meeting held on 2009-10 ãñ ªãõÀã¶ã 8 ÔãÔããè ºãõãò ãã¾ããñãäã¦ã ããè ØãÃý Êãºããè August 26, 2008 approved the formation of Audit ããè ÔããèããñããããÀ ãäÀ¹ããñÃ, ÃÃÊãºããè/ãäÌãÍãñÓãã¦ãã¹ãÆ㹦ã Íããããú/ãäÌãªñÍããè Sub Committee (ASC). During the financial year 2009-10, 8 ASC Meetings were held. The Review of Íããããú ãäãÔã½ãò àãñ¨ããè¾ã ãã¾ããÃÊã¾ã ãñ ¹ãƺãâ£ã¶ã Êãñãã-¹ãÀãèàãã, Ôãùã Êãñãã- COIR reports of ELB, EELB/ Specialized Branches/ ¹ãÀãèàãã ããè Ôã½ããèàãã/Ôã½ãÌã¦ããê Êãñãã-¹ãÀãèàãã/ñÔ Þãñã Êãñãã-¹ãÀãèàãã/ÀããÔÌã Overseas Branches including Management Audit of Êãñãã-¹ãÀãèàããããò ããñ Íãããä½ãÊã ãÀ Ôã½ããèàãã ¹ãÀ ÔãÔããè ºãõã ½ãò ÞãÞããà Regional Offices, Review of Stock Audit / Concurrent ããè ØãÃý ããè Øãà ããÀÃÌããà ãäÀ¹ããñà ÔããäÖ¦ã ÔãÔããè ãñ ¹ãƽãìã ãä¶ãÓãÓããô ããñ Audit / Test Check Audit / Revenue Audits were taken ãä¦ã½ããÖãè ½ãò ã ºããÀ Ôããèºããè ããñ ¹ãÆÔ¦ãì¦ã ãäã¾ãã Øã¾ããý up for discussion in the ASC Meetings. The major findings of ASC with Action Taken Report was placed Ôã¦ããæãã to ACB once in a quarter. ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ºãöã ´ãÀã Êãâãäºã¦ã Ôã¦ããæãã ã¶ãìÍããÔããä¶ãã Vigilance ½ãã½ãÊããò ããñ ãñ¶³ãè¾ã Ôã¦ãÃã¦ãã ãäÌã¼ããØã ´ãÀã ãä¶ã£ããÃãäÀ¦ã Ôã½ã¾ã-Ôããè½ãã ãñ During the year 2009-10, the Bank has taken effective ãâªÀ ãä¶ã¹ãã¶ãñ ãñ ãäÊã ããÀØãÀ 㪽ã ã Øãý ÌãÓãà ãñ ªãõÀã¶ã 133 steps for disposal of pending Vigilance Disciplinary Ôã¦ããæãã ã¶ãìÍããÔããä¶ãã ½ãã½ãÊããò ããñ ãä¶ã¹ãã¾ãã Øã¾ããý ¹ããäÀÞããÊã¶ã㦽ãã cases within the time frame fixed by Central Vigilance Commission. During the year 133 vigilance ããñãäã½ã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã Ìãâ ºãð֦㠽ãîʾã ããè £ããñãã£ãü¡ãè ããñ ¹ãƺããñãä£ã¦ã disciplinary cases were disposed. The operational Risk Management Committee and the Committee of
30 ãÀ¶ãñ ãñ ãäÊã ºããñ¡Ã ããè ãäÌãÍãñÓã Ôããä½ããä¦ã ¶ãñ ããÌããä£ãã ¦ããõÀ ¹ãÀ ãäÀ¹ããñà ããè the Board monitoring Large Value Frauds analysed Øã¾ããè £ããñãã£ããäü¡¾ããò ãã ãäÌãÍÊãñÓã¥ã ãäã¾ãã ããõÀ Ôããä½ããä¦ã ´ãÀã Ôãì¢ãã / the frauds reported periodically and observations/ ºã¦ãã Øã ¹ãÆñàã¥ããò / Ôãì£ããÀ㦽ãã ¹ãã¾ããò ããñ ºãöã ´ãÀã ãã¾ããÃãä¶Ìã¦ã ãäã¾ãã remedial measures made/suggested by the Committee have been implemented by the Bank. Øã¾ããý ºãöã ¶ãñ ãä¶ãÌããÀã Ôã¦ããæãã ãñ ¦ãÖ¦ã Ôããè Ìããè ããñ ãñ ãäÌãÍãñÓã ¹ããäÀ¹ã¨ã During the year, the Bank issued 12 circulars ã½ã ãñ ã£ããè¶ã ãäÌã¼ããØã ´ãÀã Ôãâ¼ããÊãñ Øã Ôã¦ããæãã ã¶ãìÍããÔããä¶ãã ½ãã½ãÊããò (internal) captioned Preventive Vigilance CVOs ãã ãäÌãÔ¦ãð¦ã ãäÌãÌãÀ¥ã ªñ¦ãñ Öì 12 ¹ããäÀ¹ã¨ã (ããâ¦ããäÀã) ããÀãè ãäãý ªâü¡ special circular elaborating the vigilance disciplinary Ôãâºãâ£ããè ãäÌãÔ¦ãð¦ã º¾ããõÀñ ÔããäÖ¦ã ããõÀ Ôãû¹ã ÔãªÔ¾ããò ´ãÀã ãäÊã ãã¶ãñ ¾ããñؾã cases handled by the Department. Besides ãä¶ãÌããÀã Ôã¦ããæãã ¹ãã¾ããò ããè ÔãîÞã¶ãã ¼ããè ¶ã ¹ããäÀ¹ã¨ããò ½ãñ ªãè ØãÃý Ôããñ incorporating the details of punishments awarded, the important preventive measures to be taken by ãÊããÌãã ½ãì¾ã Ôã¦ããæãã ããä£ãããÀãè ããõÀ Þã¾ããä¶ã¦ã àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ½ãò the staff members are also included in these circulars. ãäÔ©ã¦ã Ôã¦ããæãã ããä£ããããäÀ¾ããò ´ãÀã ããÌããä£ãã ãä¶ãÀãèàã¥ã ´ãÀã ºãöã ¶ãñ Further emphasis has been given by the Bank ãä¶ãÌããÀã Ôã¦ããæãã ¹ãã¾ããò ¹ãÀ ããñÀ ã䪾ããý ½ãì¾ã Ôã¦ããæãã ããä£ãããÀãè towards Preventive Vigilance measures through ´ãÀã àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò Ìãâ Íããããããò ãñ ããÌããä£ãã ªãõÀñ ãñ ªãõÀã¶ã periodical Branch inspection by the Chief Vigilance ¹ãÆ¥ãããäÊã¾ããò Ìãâ ãã¾ãùã®ãä¦ã¾ããò ãñ ã¶ãì¹ããÊã¶ã ½ãò Ôã¼ããè Ô¦ãÀãò ¹ãÀ Ôãû¹ã- Officer and also by Vigilance Officers attached to Vigilance Cell at select Regional Offices. The role of ÔãªÔ¾ããò ããè ¼ãîãä½ããã ãñ ºããÀñ ½ãò ããÔããÀ ãñÌããÔããè ½ãã¶ãªâü¡ãò, ½ãÊã staff at all levels in adherence to Systems and ãäªÍãããä¶ãªóÍããò, £ããñãã£ãü¡ãè ¶½ãìã àãñ¨ããò ãããäª ¹ãÀ ããñÀ ã䪾ãã Øã¾ããý Procedures especially compliance to KYC norms, ¶ãÌãâºãÀ 2009 ½ãò Ôã¦ããæãã ããØãÂã¦ãã Ô㹦ããÖ ãã ¹ããÊã¶ã ãäã¾ãã Øã¾ããý AML guidelines, fraud prone areas etc., has been emphasized during periodical visits to Regional ÔãîÞã¶ãã ¹ãÆãõ²ããñãäØãããè Offices and Branches by Chief Vigilance Officer. Íãããã ã½¹¾ãîãèãÀ¥ã Vigilance Awareness Week was observed in November 2009. ºãöã ¶ãñ 100% ¶ãñÌããäãÄØã ããè ÖõãäÔã¾ã¦ã ¹ãÆ㹦ã ããè Öõ ¦ã©ãã 100% ÔããèºããèÔã ããè ãäÔ©ããä¦ã ¹ãÆ㹦ã ããè Öõ ãäãÔãÔãñ ÔããèºããèÔã ããè ãìÊã Íããããú Information Technology ããõÀ ¹ãÍããããú 2018 Öãñ ØãÃý Branch Computerisation The Bank has achieved 100% networking status as well ã䪶ããâã 31.03.2010 ¦ãã 17 ãñ¶³ãè¾ã Ôã½ããÍããñ£ã¶ã ãã¾ããÃÊã¾ã, 41 as 100% CBS status of branches with a total number of àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò Ìãâ 4 ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ãñ ãäÌã¼ããØã ããõÀ 6 2018 CBS branches and Extension Counters. ãä¶ãÀãèàã¥ããÊã¾ããò ããñ ÔããèºããèÔã ãñ ¦ãÖ¦ã Êãã¾ãã Øã¾ãã Öõý ã䪶ããâã As on March 31, 2010, 17 Central Clearing Offices, 02.04.2010 Ôãñ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ãñ ªãñ ããõÀ ãäÌã¼ããØããò ããñ ÔããèºããèÔã 41 Regional Offices and 4 Central Office Departments ãñ ¦ãÖ¦ã Êãã¾ãã Øã¾ãã Öõý and 6 Inspectorates have been brought under CBS. 2 more Central Office Departments have been ã䪶ããâã 31.03.2009 ¦ãã ãè ½ã ããè ãìÊã Ôãâ¾ãã 576 (445 brought under CBS, with effect from April 2, 2010. ããù¶ãÔãã, 115 ããù¹ãÔãã Ìã 16 ÀñÊãÌãñ ãè½ã) Ööý ÌãÓãà ãñ ªãõÀã¶ã The total number of ATMs as on 31.03.2009 stood 195 㶾ã ãè½ããò ããñ ¶ãñÌããà ãñ ¦ãÖ¦ã Êãã¾ãã Øã¾ãã, ãäãÔãÔãñ ¾ãÖ at 576 (445 Onsite, 115 Offsite and 16 Railway Ôãâ¾ãã ºãü¤ãÀ 771 (590 ããù¶ãÔãã, 146 ããù¹ãÔãã Ìã 35 ÀñÊãÌãñ ATMs). During the year, 195 ATMs were brought into ãè½ã) Öãñ ØãÃý the network taking the total to 771 (590 Onsite, 146 Offsite and 35 Railway ATMs). ºãöã ãñ ãìÊã 17,67,050 ¡ñãäºã ãã¡Ã Öö, ãäãÔã½ãò 1,75,456 ¶Ôã Bank has a total debit card base of 17,67,050 cards ãã¡Ã Íãããä½ãÊã Ööý ½ããÞãà 2010 ½ããÖ ãñ ªãõÀã¶ã Ö½ããÀñ ãè½ããò ãñ ããäÀ which includes 1,75,456 Insta Cards. The volume of Á.545.52 ãÀãñü¡ ãã Êãñ¶ãªñ¶ã ãäã¾ãã Øã¾ããý transactions put through our ATMs amounted to Rs.545.52 crores during the month of March 2010. 31½ããÞãà 2010 ¦ãã 771 ãè½ããò ½ãñ Ôãñ 731 ãè½ããò ½ãò ãäÌãã䡾ããñ ãä¶ãØãÀã¶ããè ¹ãÆ¥ããÊããè ããè ÔãìãäÌã£ãã Öõý As on March 31, 2010, 731 ATMs out of 771 have been provided with Video Surveillance Systems. ããÀãèããèÔã/¶ã¹ããè Ôãñ ãìü¡ãè Íããããããò ããñ ããÀãèããèÔã Ìã RTGS / NEFT Networked branches are covered ¶ã¹ããè ¼ãìØã¦ãã¶ã ¹ãÆ¥ããÊããè ãñ ¦ãÖ¦ã ãÀ ã䪾ãã Øã¾ãã Öõý ÌãÓãà ãñ ªãõÀã¶ã under RTGS and NEFT payment systems. During the ºãöã ´ãÀã ¼ãìØã¦ãã¶ã ãäã¾ãã Øã¾ãã Êãã¼ããâÍã ¶ã¹ããè ãñ ããäÀ ¹ãã¨ã year, the dividend paid by the Bank was credited to Íãñ¾ãÀ£ããÀããò ãñ ãã¦ããò ½ãò ã½ãã ãäã¾ãã Øã¾ããý the eligible shareholders through NEFT. âÀ¶ãñ ºãöãäãâØã Internet Banking Gamut of services have been provided under Internet âÀ¶ãñ ºãõãäãâØã ãñ ¦ãÖ¦ã ã¶ãñã ÔãìãäÌã£ããâ ¹ãÊ㺣ã ãÀãà Øã¾ããè Öõý banking facility. The number of customers who are ¹ãâããèãð¦ã ØãÆãÖããò ããè Ôãâ¾ãã ããõÀ ¶ããñ ´ãÀã ¶À¶ãñ ãñ ããäÀ Êãñ¶ãªñ¶ããò registered as well as the volume of transactions put ããè ½ãã¨ãã ½ãò Ôã¦ã¦ã ºãü¤ãñ¦ãÀãè Öãñ ÀÖãè Öõý ¹ãƪã¶ã ããè Øãà ½ãã¶ãã ÔãñÌããããò ãñ through using the Internet is increasing steadily. Apart ããä¦ããäÀã¦ã ºãöã ¶ãñ Ôãâ¹ãããê ´ãÀã ÌããùÔÈãñ ãã¦ããò ããñ ªñã¶ãñ ããè ÔãìãäÌã£ãã from the standard services offered, Bank has ¹ãÆãÀâ¼ã ããè Öõý ãºã ¹ãâããèãð¦ã ¶À¶ãñ ºãöãäãâØã ØãÆãÖã ´ãÀã ã¹ã¶ãñ ¹ãõ¶ã ãã introduced facility for viewing VOSTRO accounts by the Correspondents. Viewing of income tax particulars ¹ã¾ããñØã ãÀãñ ¶ãÔã¡ãèÊã Ôãã Ôãñ ãã¾ããÀ ãäÌãÌãÀ¥ã ¾ãã¶ããè ¹ãã½ãà 26 from NSDL site by the registered Internet Banking Ôã ããñ ªñã¶ãñ ããè ÔãìãäÌã£ãã ¹ãƪã¶ã ããè Øãà Öõý Customers, i.e., Form 26 AS view, using their PAN is now enabled.
31 ½ããñºããÊã ºãöãäãâØã Mobile Banking ºãöã ¶ãñ ½ããñºããÊã ºãöãäãâØã ¹ãÆãÀâ¼ã ããè Öõ, ãäãÔããñ ¦ã֦㠺ãöã Ôã¼ããè ¹ãÆããÀ ããè The Bank has introduced Mobile Banking, offering ÔãñÌããú ¹ãƪã¶ã ãÀ ÀÖã Öõý ÌãÓãà ãñ ªãõÀã¶ã ãäÌããä¼ã¸ã ÔãñÌããú ªãñ ÞãÀ¥ããò ½ãò entire range of services. Various services have been ¹ãƪã¶ã ããè Øãà Ööý ¹ãÆ©ã½ã ÞãÀ¥ã ½ãò ¹ãî¦ãã ÔãñÌããú, ãä¶ããä£ã ãâ¦ãÀ¥ã offered in two phases during the year. Phase I (ãâ¦ãÀ Ìãâ ãâ¦ã: ºãöã) ãã¦ãã ãäÌãÌãÀ¥ã ããè ÔãìãäÌã£ããããò ããñ Íãããä½ãÊã includes query services, funds transfer (inter and intra banks), statement of accounts. Services like air / ãäã¾ãã Øã¾ãã Öõý ÖÌããà ãÖãã/ ½ãîÌããè ãäããäâØã, ã䡽ãõ ÔãñÌããú, ãè½ã/ movie ticketing, de-mat services, facility to suspend ¡ñãäºã ãã¡ãô ããñ ãä¶ãÀÔ¦ã ãÀ¶ãñ ¦¾ãããäª ãõÔããè ÔãñÌããããò ããñ ¹ãÀãã Øã¾ãã ATM/Debit Cards, ATM/Branch locator are tested and ããõÀ ãã¾ããÃãä¶Ìã¦ã ãäã¾ãã Øã¾ãã Öõý implemented. ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãä¶ãªóÍããò ãñ ã¶ãìÔããÀ Þãñã ÈâãñÍã¶ã ¹ãÆ¥ããÊããè Cheque Truncation System (CTS) has been launched (ÔããèãèÔã) ¶ãÔããèããÀ, ãäªÊÊããè ããè 85 Íããããããò ½ãò ¹ãÆãÀâ¼ã ããè Øãà Öõý in 85 Branches in NCR, Delhi as per RBI directives. ¹ãñ½ãò ØãñÌãñ Payment Gateway Ôã¹ããè ããè ¦ãûãà ¹ãÀ ºãöã ¶ãñ ã¹ã¶ãã ¹ãñ½ãò ØãñÌãñ ¹ãÆãÀâ¼ã ãäã¾ãã Öõý ºãöã Bank has launched own Payment Gateway on ASP ¶ãñ ØãÆãÖããò ´ãÀã ã¹ã¶ãñ ¡ñãäºã ãã¡Ã ãã ¹ãƾããñØã ãÀ¦ãñ Öì ãäã ãã¶ãñ ÌããÊãñ Model. Bank has integrated payment of TNEB bills by Banks customers, using their Debit Cards. ãè¶ãºããè ãäºãÊããò ãñ ¼ãìØã¦ãã¶ã ããñ ããèãð¦ã ãäã¾ãã Öõý ¡ñãäºã ãã¡Ã ãã Integration of Payment of utility bills, like mobile ¹ãƾããñØã ãÀãñ ½ããñºããÊã ¼ãìØã¦ãã¶ã, ºããè½ãã ãäãԦ㠼ãìØã¦ãã¶ã ¦¾ãããäª ãõÔãñ payment, insurance premium payment etc., using the ¹ã¾ããñØããè ãäºãÊããò ãñ ¼ãìØã¦ãã¶ã ããñ ããèãð¦ã ãÀ¶ãñ ããè ¹ãÆãäã¾ãã ¹ãÀ ãã¾ãà Öãñ debit cards is in process. ÀÖã Öõý 12 branches of erstwhile Swarna Sahakari Bank Ltd, ¦ã¦ããÊããè¶ã ÔãìÌã¥ãà ÔãÖããÀãè ºãöã ãäÊã. ¹ãì¥ãñ ããè 12 Íããããããò ããñ ¹ãÖÊãñ Pune have been brought under CBS from day one. ã䪶ã Ôãñ Öãè ÔããèºããèÔã ãñ ¦ãÖ¦ã Êãã ãäÊã¾ãã Øã¾ããý 3-way Data-centre has been established to ensure ºããèÔããè¹ããè ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ãäÊã 3-Ìãñ ¡ãã-Ôãñ¶À Ô©ãããä¹ã¦ã ãäã¾ãã BCP. Primary Data Centre at Chennai, and Command Øã¾ãã Öõý Þãñ¸ãõ ½ãò ¹ãÆã½ãÀãè ¡ãã Ôãñ¶À ããõÀ Þãñ¸ãõ ½ãò Öãè ã½ã㥡 Ôãñ¶À Centre at Chennai and DR Site at Hyderabad have been set up. CBS and critical applications are Ìãâ ÖõªÀãºã㪠½ãò ¡ãèããÀ Ôãã Ô©ãããä¹ã¦ã ãäã Øã Ööý ÔããèºããèÔã Ìãâ functioning from Data Centre. Primary DC and CC ããäÊã ã¶ãì¹ãƾããñØã ÌããèÔã¶ãÊã ¡ãã Ôãñ¶À ãñ ûããäÀ ãã¾ãÃÀ¦ã Ööý are connected by 1 Giga Dark Fiber Connection, ¹ãÆã©ããä½ãã ¡ãèÔããè Ìãâ ÔããèÔããè1 ãäØãØãã ¡ããà ¹ããºãÀ ã¶ãñãÍã¶ã Ôãñ ãìü¡ñ Öö, which ensures synchronous replication. DR Site and ããñ ããããäÊãã ¹ãÆãä¦ããðãä¦ã ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¦ãã Öõý ¡ãèããÀ Ôãã Ìãâ DC are on asynchronous replication. Automation Tool ÌããèÔã¶ãÊã ¡ãèÔããè ããããäÊãã ¹ãÆãä¦ããðãä¦ã ¹ãƪã¶ã ãÀ¦ãñ Ööý ãããñ½ãñãäã is used for automatic fail-over. The network ¹ãñÊã-ããñÌãÀ ãñ ãäÊã ãããñ½ãñÍã¶ã îÊã ãã ¹ãƾããñØã ãäã¾ãã ãã¦ãã Öõý equipments and hardware used are provided with ¹ãƾããñØã ãäã¾ãñ ãã¶ãñ ÌããÊãñ ¶ãñÌããà Ìã Öã¡ÃÌãñ¾ãÀ ¹ããÀ¥ããò ½ãò ÞÞã ¹ãÊ㺣ã¦ãã high availability and complete redundancy (at service Ìãâ Ôãâ¹ãî¥ãà ¹ã¾ããù¦ã¦ãã (ÔãñÌãã ¹ãƪã¦ãã Ô¦ãÀ ¹ãÀ, ½ããèã䡾ãã Ô¦ãÀ ¹ãÀ Ìãâ provider level, media level and at hardware level). Öã¡ÃÌãñ¾ãÀ Ô¦ãÀ ¹ãÀ) ãã ¹ãÆãÌã£ãã¶ã Öõý IP Telephones have been provided to all Regional Offices / Central Office Executives and to Singapore ãã¹ããè ñÊããè¹ããñ¶ã Ôã¼ããè àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò / ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ãñ Branch. On-line tracking of loan applications has been ãã¾ãùããÊãããò Ìãâ ãäÔãâØãã¹ãìÀ Íãããã ããñ ¹ãÊ㺣ã ãÀã Øã Ööý ¨ãÉ¥ã enabled. Borrower / Applicant can track and know ããÌãñª¶ã ãñ ãäÊã ããù¶ã Êãã¶ã ÈõãäãâØã ÔãìãäÌã£ãã ¹ãƪã¶ã ããè Øãà Öõý £ããÀã¦ããà the status of their loan application. / ããÌãñªã Èõã Àã Ôãã¦ãã Öõ ããõÀ ã¹ã¶ãñ ¨ãÉ¥ã ããÌãñª¶ã ããè ãäÔ©ããä¦ã ããè ãã¶ã Ôãã¦ãã Öõý Overseas Branches Computerisation To ensure uniformity of solutions used by Overseas ãäÌãªñÍããè Íããããããò ãã ã½¹¾ãîÀãèãÀ¥ã Branches, centralised CBS software is now being ãäÌãªñÍããè Íããããããò ´ãÀã ¹ãƾããññØã ãäã ãã ÀÖñ ÔãùʾãîÍã¶Ôã ½ãò ã¹ã¦ãã used in Singapore, Bangkok and Colombo. The Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ãäÊã ãäÔãâØãã¹ãìÀ, ºãöããùã Ìãâ ããñÊãâºããñ ½ãò ãºã ãñ¶³ãèãð¦ã system for overseas branches has been established ÔããèºããèÔã Ôãã¹ãÌãñãÀ ¹ãƾããñØã ãäã¾ãã ãã ÀÖã Öõý ãäÌãªñÍããè Íããããããò ãñ on hub and spoke model with the hub set up at Singapore with DR Site at Bangkok. Bangkok Branch ãäÊã ãäÔãÔ½ã ããñ ֺ㠹ãÀ Ô©ãããä¹ã¦ã ãäã¾ãã Øã¾ãã Öõ Ìã ãäÔãâØãã¹ãìÀ ½ãò Öºã Ôãã is running parallel and would go online by June ÔããäÖ¦ã Ìã ºãöããùã ½ãò ¡ãèããÀ Ôãã ÔããäÖ¦ã Ô¹ããñã ½ããù¡Êã Ô©ãããä¹ã¦ã ãäã¾ãã 2010. In Colombo, parallel run has been completed Øã¾ããý ºãöããã Íãããã Ôã½ã㶦ãÀ ãã¾ãà ãÀ ÀÖãè Öõ ããõÀ ãî¶ã 2010 ¦ãã and Branch is online with effect from April 1, 2010. ããù¶ãÊãã¶ã Öãñ ããØããèý ããñÊãâºããñ ½ãò Ôã½ã㶦ãÀ ãã¾ãà (À¶ã) ¹ãîÀã ãÀ ãäÊã¾ãã Reporting and NOSTRO modules are under process Øã¾ãã Öõ ããõÀ ã䪶ããâã 01.04.2010 Ôãñ Íãããã ããù¶ãÊãã¶ã Öõý ãäÀ¹ããñãäÄØã of being implemented. Ìãâ ¶ããÔÈãñ ½ãã¡¿ãîÊÔã ãã¾ããÃãä¶Ìã¦ã Öãñ¶ãñ ãñ ãäÊã ¹ãÆãäã¾ãã£ããè¶ã Öõý Direct online remittance through our Singapore ãäÔãâØãã¹ãìÀ Íãããã Ôãñ Ö½ããÀãè ¼ããÀ¦ããè¾ã Íããããããò ½ãò ã¶ãìÀãäàã¦ã Êãã¼ãããä©ãþããò Branch to the beneficiarys account maintained ãñ ãã¦ããò ½ãò Ôããè£ãñ ããù¶ãÊãã¶ã ãäÌã¹ãÆñÓã¥ã ããè ÔãìãäÌã£ãã ¹ãƪã¶ã ãÀ ªãè Øãà in our Indian Branches has been enabled. This Öõý Ôã ÔãìãäÌã£ãã ããñ ãäÌã¹ãÆñÓãããò Ìãâ Êãã¼ã¼ããñãäØã¾ããò Ôãñ ãÞãè ¹ãÆãä¦ããäã¾ãã facility has been well received by remitters as well as the beneficiaries. This has also brought the ãä½ãÊããè Öõý Ôã Ôãñ àãñ¨ã ãã ãäÌã¹ãÆñÓã¥ã ããÀãñºããÀ ÔãâØããä¦ã Þãõ¶ãÊã ãñ ¦ãÖ¦ã ãã Remittance Business of the area under organised Øã¾ãã Öõý channel.
32 ¶ãñÌããà ¶¹ãÆãÔÈãÞãÀ ãñ Ìã¦ãýãã¶ã Ôãñ ã¹ã ½ãò ¶ããñ¡ Ô¦ãÀ ¹ãÀ ããä¦ããäÀã¦ã¦ãã In the present set up of Network Infrastructure, ããñ ¹ãî¥ãæã: ¹ãÆ㹦ã ãÀ ãäÊã¾ãã Øã¾ãã Öõý redundancy has been achieved at node level in full. From the existing BSNL point-to-point leased line Íãããã ããõÀ àãñ¨ããè¾ã ¶ãñÌããà ¶ããñ¡áÔã ãñ ºããèÞã ½ããõãîªã ºããèÔã¶ãÊã ¹ããâ connections between the branches and the regional î ¹ããâ Êããèû¡ Êãã¶ã ã¶ãñãÍã¶ã Ôãñ ºãöã ¶ãñ ºããèÔã¶ãÊã ½ã¹ããèÊãÔã- network nodes, the Bank has entered into an MoU with BSNL under Platinum partner status at Ìããè¹ããè¶ã ãÊããõ¡ ã¶ãñãäããäÌããè, ããñ ¡ãã Ôãñ¶À Ôãñ Íããããããò ããñ Ôããè£ãñ competitive rates for migrating the leased line links ããñü¡ñØããè, ãñ ¦ãÖ¦ã Êããè¡ Êãã¶ã ãäÊãâãÔã ½ãò ºãªÊã¶ãñ ãñ ãäÊã ¹ãÆãä¦ãÔ¹ã£ããê under BSNL MPLS-VPN cloud connectivity, which ªÀãò ¹ãÀ ¹Êãñãä¶ã½ã ¹ããöãÀ ÔñÔã ãñ ¦ã֦㠺ããèÔã¶ãÊã ãñ Ôãã©ã Ôã½ã¢ããõ¦ãã would connect the branches directly to the data ãã¹ã¶ã ãäã¾ãã Öõý ã¼ããè ºãªÊããÌã ããè ¹ãÆãäã¾ãã ããÀãè Öõý centres. Migration process is in progress now. ATMs are now outsourced under ATM Managed ãè½ã ¹ãƺãâãä£ã¦ã ÔãñÌããããò ãñ ¦ã֦㠽ãñÔãÔãà ãèÔããèºããèããÊã ãñ Ôãã©ã services with M/s TCBIL. Vendor is in the process of ãè½ã ããñ ãºã ããÔããñÔãà ãÀ ã䪾ãã Øã¾ãã Öõý ¹ãƺãâãä£ã¦ã ÔãñÌããããñâ ãñ taking over the ATMs under the managed services. As on March 31, 2010, 129 ATMs in 12 regions ¦ãÖ¦ã Ìãñ¶¡À ãè½ããò ããñ ããä£ãØãÆãäÖ¦ã ãÀ¶ãñ ããè ¹ãÆãäã¾ãã ½ãò Öõý ã䪶ããâã have been brought under the managed services. All 31.03.2010 ¦ãã 12 àãñ¨ããò ãñ 129 ãè½ããò ããñ ¹ãƺãâãä£ã¦ã ÔãñÌããããò the ATMs of the Bank will be handed over during ãñ ¦ãÖ¦ã Êãã¾ãã Øã¾ãã Öõý ºãöã ¶ãñ ã¹ã¶ãã ¹ãÖÊãã ½ããñºããÊã ãè½ã Þãñ¸ãõ àãñ¨ã the next three months. ½ãò ¹ãÆãÀâ¼ã ãäã¾ãã Öõý ããè¹ããèããÀÔã ã¶ãñããèãäÌããè ãã ¹ã¾ããñØã ãÀ ãè½ã The Bank has launched its first Mobile ATM in ãã¾ãà ãÀ ÀÖã Öõ ããõÀ ¹ãÆãä¦ãã䪶ã ããõÔã¦ã¶ã 200 Êãñ¶ãªñ¶ã ãÀ ÀÖã Öõý Chennai Region. The ATM is functioning using GPRS Connectivity and has been functioning successfully ãºã ãããè ¹ãƾããÔããò ½ãò ãäÌ㦦ããè¾ã Ôã½ããÌãñÍã¶ã ¾ããñã¶ãã Ôãֺ㮠ãã¾ããöÌã¾ã¶ã with an average 200 transactions daily. ¦ãã¶ããèã, Þãñã ã½ãã ¹ãÆ¥ããÊããè (Ôããè¡ãèÔã)/Þãñã ÈâãñÍã¶ã ¹ãÆ¥ããÊããè New IT initiatives include projects on implementation Technology aided Financial Inclusion Plan, setting (ÔããèãèÔã) ããõÀ Ã-ãäããäâØã ãõÔããè ãäÌãÍãñÓã¦ããããò Ôãñ ¾ãìã¦ã ãäã¾ããñÔã up of Kiosks with features like Cheque Deposit Ô©ãããä¹ã¦ã ãÀ¶ãñ ããè ¹ããäÀ¾ããñã¶ããú Íãããä½ãÊã ããè Øãà Ööý ããØãñ ÃããÀ¹ããè- System (CDS)/Cheque Truncation System (CTS) and Ôã¹ããè ÔãùʾãîÍã¶ã ãã ãã¾ããöÌã¾ã¶ã ¹ãÆãäã¾ãã£ããè¶ã Öõ, ãäãÔãÔãñ ãã¹ããóÀñ e-ticketing. Further, implementation of ERP-SAP ØãÆãÖã ãäºãÊã ¼ãìØã¦ãã¶ã, Êãããè/ÊãÔããè ã¶ãìÀãñ£ã, ¹ã¾ããñãäØã¦ãã ¼ãìØã¦ãã¶ã solution, which will enable corporate customers to connect to the banks network directly for straight ãõÔãñ Êãñ¶ãªñ¶ããò ããñ Ôããè£ãñ ÔãâÔãããä£ã¦ã ãÀ ¹ããúØãñý through processing of transactions like bill payments, LG/LC requests, utility payments etc., is in the process. ããñÀñãÊã ãäºãã¶ãñÔã ¶ñãäÊããñ¶Ôã Ôãî ãã¾ããÃãä¶Ìã¦ã ãäã¾ãã ãã ÀÖã Öõý ¾ãÖ Oracle Business Intelligence Suite is being ÔãùʾãîÍã¶ã ¡õÍãºããñ¡Ã Ìãâ îÊÔã ¹ãÊ㺣ã ãÀãØãã, ãäãÔãÔãñ ãäÌããä¼ã¸ã ¹ãÆããÀ implemented. This solution will provide dashboards ããè ãäÀ¹ããñô ¦ãõ¾ããÀ ããè ãã ÔããòØããèý ÔãÔãñ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã, àãñ¨ããè¾ã and tools, which will enable generation of various ãã¾ããÃÊã¾ã ãñ ãã¾ãùããÊãããò ããõÀ Íãããã ¹ãƺãâ£ãããò ããñ ¶ã îÊããò ãã ¹ã¾ããñØã reports. This will help the Executives at Central Office, Regional Office and Branch Managers to use the ãÀ¦ãñ Öì ãäÀ¹ããñà ¦ãõ¾ããÀ ãÀ¶ãñ ½ãò ½ãªª ãä½ãÊãñØããè, ãäã¶ãÔãñ ¶Öò ãäÌãÍÊãñÓã¥ã tools to generate reports that will help them to do ãÀ¶ãñ ããõÀ ããÀãñºããÀ Ôãñ ãìü¡ñ ãä¶ã¥ãþã Êãñ¶ãñ ½ãò ½ãªª ãä½ãÊãñØããèý trend analysis and assist in taking business decisions. ã¹ã¶ãñ ´ãÀã ¹ãÆã¾ããñãäã¦ã àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãöã (¹ããã䥡¾ã¶ã ØãÆã½ã ºãöã Ìãâ The Bank played the major role in assisting the ¶ããèÊããâÞãÊã ØãÆ㽾㠺ãöã) ãñ ãäÊã ãäÔãÁÔãñÀãè, Þãñ¸ãõ ½ãò ¡ãã Ôãñ¶À Ìãâ Regional Rural Banks sponsored by our Bank ÖõªÀãºã㪠½ãò ãä¡ûããÔÀ ãäÀãÌãÀãè Ôãñ¶À Ô©ãããä¹ã¦ã ãÀ¶ãñ ½ãò ½ãªª ãÀãñ ºãöã (Pandyan Grama Bank and Neelachal Gramya Bank) ¶ãñ ãֽ㠼ãîãä½ããã ãä¶ã¼ããà Öõý Öã¡ÃÌãñ¾ãÀ, ¶ãñÌããÃ, ¹ããÀ¥ããò ãñ ¹ãÆã¹ã¥ã to establish their Data Centre at Siruseri, Chennai and Disaster Recovery Centre at Hyderabad. They ããõÀ ¶ãñÌããà ã¶ãñããèãäÌããè Ô©ãããä¹ã¦ã ãÀ¶ãñ ããè ¹ãÆãäã¾ãã ããñ ãâãä¦ã½ã ¹ã have been assisted in finalizing the procurement of ªñ¶ãñ ½ãò ¶ãããè ½ãªª ããè Øãà Öõý ªãñ¶ããò ºãöã ããù¶ãÊãã¶ã Öãñ Øã Öö ããõÀ hardware, network equipments and in establishing ¶Öãò¶ãñ ã¹ã¶ããè ãì Íããããããò ããñ ¼ããè ÔããèºããèÔã ãÀ ã䪾ãã Öõý network connectivity. Both the Banks have gone on line and brought some of their branches under their ¦ãã¶ããèã Ôãֺ㮠ãäÌ㦦ããè¾ã Ôã½ããÌãñÍã¶ã ¾ããñã¶ãã CBS. ºãöã ¶ãñ ¹ãÆãä¦ã Íãããã ãñ ÊãØã¼ãØã 1500 Ô½ããà ãã¡ãô ãñ ãÌãÀñã ÔããäÖ¦ã Technology Aided Financial Inclusion Plan ¹ãÆãÀâãä¼ãã ¹ã Ôãñ ÊãØã¼ãØã 300 Íããããããò ããñ Íãããä½ãÊã ãÀ¶ãñ ãñ ãäÊã The Bank has launched a technology assisted ¦ãã¶ããèã Ôãֺ㮠Խããà ãã¡Ã ãã£ãããäÀ¦ã ãäÌ㦦ããè¾ã Ôã½ããÌãñÍã¶ã ããè ã smartcard based Financial Inclusion Project to initially cover about 300 branches with a coverage of about ¹ããäÀ¾ããñã¶ãã ¹ãÆãÀâ¼ã ããè Öõý ããÀãñºããÀ Ôãâ¹ããäãþããò / ÔãâÌããã䪾ããò ããè ãä¶ã¾ãìãäã¦ã 1,500 smart cards per branch. Appointment of Ìãâ Ô½ããà ãã¡Ã ããÀãè ãÀ¶ãñ ãñ ãäÊã ½ãñÔãÔãà ãèÔããèÔã ãäÊã. ããñ ããÔããñÔãà Business correspondents and issuance of smartcards ãäã¾ãã Øã¾ãã Öõý ÌãÓãà ãñ ªãõÀã¶ã ããÀãñºããÀ ãä¶ãÀâ¦ãÀ¦ãã ¾ããñã¶ãã ããõÀ ãã¹ãªã Ôãñ is outsourced to M/s TCS Ltd. ºãÀ¶ãñ (ºããèÔããè¹ããè/¡ãèããÀ) ãñ ãäÊã ¶ããèãä¦ã, ãããè ¹ãÆã¹ã¥ã ¶ããèãä¦ã, ãããè During the year, various policies like the Business Continuity Plan and Disaster Recovery (BCP / DR)
33 ããÔããñãäÔãÃâØã ¶ããèãä¦ã ããõÀ ÔãîÞã¶ãã ¹ãÆ¥ããÊããè ÔãìÀàãã ¶ããèãä¦ã ãõÔããè ãäÌããä¼ã¸ã Policy, IT Procurement Policy, IT Outsourcing Policy ¶ããèãä¦ã¾ããò ããñ ÊããØãî ãäã¾ãã Øã¾ãã Öõý and Information System Security Policy have been put in place. ¹ããäÀÞããÊã¶ããò ããè ÊããØã¦ã Costing of Operations ÊããØã¦ã ãàã ºãöã ãñ ãäÊã Êãã¼ã ºãã ¦ãõ¾ããÀ ãÀ¦ãã Öõ ããõÀ Íããããããò ããñ The Costing Cell prepares the profit budget for the ÔãâãäÌã¦ããäÀ¦ã ãÀ¶ãñ ãñ ãäÊã ¹ãƦ¾ãñã àãñ¨ã ããñ Êãã¼ã ºãã ãã ããºãâ¶ã ãÀ¦ãã Bank and allocation of profit budgets to individual Öõý ºãã ãñ ¹ãÆãä¦ã ºãöã ããè Êãã¼ã¹ãƪ¦ãã ¹ãÀ ããÌããä£ãã Ôã½ããèàãã ¶ããñ ÞÞã Regions for onward distribution to branches. ¹ãƺãâ£ã¶ã ããñ ¹ãÆÔ¦ãì¦ã ãäã¾ãã ãã¦ãã Öõý Ôã ¹ãÆãäã¾ãã ½ãò ¹ããäÀÞããÊã¶ããò ããè Periodical review note on profitability of the bank vis-à-vis budget are placed to Top Management. In ÊããØã¦ã Ìã ãã¾ã ãä¶ã½ããÃ¥ã ãã ãä¶ãÀâ¦ãÀ ãã£ããÀ ¹ãÀ ¹ãƺããñ£ã¶ã ãäã¾ãã ãã¦ãã Öõ this process, cost of operations and income ããõÀ ãÖãú ãÖãé ããÌã;ãã Öãñ, ÌãÖãú Ôãì£ããÀ㦽ãã ããÀÃÌããà ¹ãÆãÀâ¼ã ããè generation are monitored on a continuous basis and ãã¦ããè Öõý ÊããØã¦ã Ìã Êãã¼ã ããÀããò ããñ ããÌããä£ãã ¹ã Ôãñ ãäÌãÍÊãñãäÓã¦ã ãäã¾ãã corrective actions are initiated wherever necessary. ãã¦ãã Öõ ããõÀ ¾ããäª ãäÌããäÌã£ã¦ãã ¹ããà ãã¦ããè Öõ, ¦ããñ ÞÞã ¹ãƺãâ£ã¶ã ããñ Cost and yield factors are analylsed periodically and ãÌãØã¦ã ãÀã¾ãã ãã¦ãã Öõ ããõÀ ããØãñ ããè ããÀÃÌããà ãñ ãäÊã ¦ãìÀâ¦ã Ôãâºãâãä£ã¦ã any major variations are reported to Top Management besides taking up with concerned regions àãñ¨ã ãñ Ôãã©ã ãä½ãÊããÀ ããÀÃÌããà ããè ãã¦ããè Öõý ãäÌ㦦㠽ãâ¨ããÊã¾ã ããñ Ôããö¹ãñ immediately for further action. Statement of Intent Øã¾ãñ ããÍã¾ãØã¦ã ãäÌãÌãÀ¥ã ½ãò ¹ãîÌãà ãã¾ãÃãä¶ãÓ¹ã㪶ã, Ìã¦ãýãã¶ã ºããããÀ Á¢ãã¶ã submitted to Finance Ministry involves projecting Ìãâ ¼ããäÌãÓ¾ã ããè Ôãâ¼ãã̾ã¦ããããò ¹ãÀ ãã£ãããäÀ¦ã ¹ãƽãìã ¹ãÆãÞãÊããò ãã ãäÌãããÔã growth of key parameters based on past ¹ãÆàãñ¹ã¥ã Íãããä½ãÊã ÀÖ¦ãã Öõý performance, present market trends and future potentials. ÔãìÀàãã Security Íããããããò ¦ã©ãã ¹ãÆÍããÔããä¶ãã ãã¾ããÃÊã¾ããò ½ãò ÔãìÀàãã ¹ãã¾ããò ãñ ããÀØãÀ The effective implementation of security measures ãã¾ããöÌã¾ã¶ã Ôãñ ØãÆãÖããò ¦ã©ãã Ôãû¹ã-ÔãªÔ¾ããò ãñ ãäÊã ããÀãñºããÀ ãã ÔãìÀãäàã¦ã at branches and administrative offices ensured a safe Ìãã¦ããÌãÀ¥ã Ôãìãä¶ããäÍÞã¦ã ãäã¾ãã Øã¾ãã Öõý Ô©ãã¶ããè¾ã ãã¶ãî¶ã Ìã ̾ãÌãÔ©ãã ããè environment for business for customers and staff. ãäÔ©ããä¦ã ããñ £¾ãã¶ã ½ãò ÀããÀ ããÌããä£ãã ¦ããõÀ ¹ãÀ ÔãìÀàãã ¹ãã¾ããò ãã ¹ãì¶ãÀãèàã¥ã The security measures were reviewed periodically ãäã¾ãã Øã¾ãã ããõÀ Íããããããò ããè ÔãìÀàãã ããñ ÔãìÒü¤ ºã¶ãã¶ãñ ãñ ãäÊã keeping in view the local law and order situation and additional steps as necessary were taken to ããÌã;ãã¦ãã¶ãìÔããÀ ããä¦ããäÀã¦ã 㪽ã ã Øãý ºãöã ãã¶ã Ìã ½ããÊã ããè strengthen the security measures. The Bank ÔãìÀàãã Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ÿñ;ã Ôãñ Ôãû¹ã ãñ ºããèÞã ÔãìÀàãã Ôãâºãâ£ããè continued to stress on preventive measures for ããØãÂã¦ãã ¹ãõªã ãÀ¶ãñ ããõÀ ããØã Ôãñ ºãÞããÌã Ôãâºãâ£ããè ̾ãÌãÔ©ãã ¦ã©ãã ÔãìÀàãã security and fire fighting arrangements and ãñ ãäÊã ãä¶ãÌããÀ¥ã㦽ãã ¹ã¾ããò ¹ãÀ ããñÀ ªñ¦ãã ÀÖãý inculcation of security consciousness among staff to ensure safety to life and property. ½ãã¶ãÌã ÔãâÔãã£ã¶ã ãäÌãããÔã Human Resources Development ã½ãÃÞãããäÀ¾ããò ããè Ôãâ¾ãã Staff Strength 31 ½ããÞãà 2010 ¦ãã ¼ããÀ¦ã ½ãò 10,252 ããä£ããããäÀ¾ããò, 11,997 The Banks staff strength in India stood at 26,732 ãäÊããä¹ãããò Ìã 4,483 ã£ããè¶ãÔ©ã ã½ãÃÞãããäÀ¾ããò ããñ ãä½ãÊãããÀ ºãöã ãñ ã½ãÃÞãããäÀ¾ããò comprising 10,252 Officers, 11,997 Clerks and 4,483 ããè Ôãâ¾ãã 26,732 Öõý Sub-staff as of March 31, 2010. ãìÊã ã½ãÃÞãããäÀ¾ããò ½ãò Ôãñ ããã ãñ 6,421, ãããã ãñ 1,473 Ìã Of the total staff strength, 6,421 members belonged to SC category, 1,473 to ST Category, and 2,282 to ããä¹ãÌã ãñ 2,282 ã½ãÃÞããÀãè Ööý ã½ãÃÞãããäÀ¾ããò ½ãò 5,543 ½ããäÖÊããú, OBC Category. Staff Strength includes 5,543 Women 1,847 £ãããä½ãÃã ãʹãÔãâ¾ãã Ôã½ãìªã¾ã, 769 ¼ãî¦ã¹ãîÌãà Ôãõãä¶ãã Ìãâ 556 employees, 1,847 employees from Religious minority ÍããÀãèãäÀã ¹ã Ôãñ ãäÌããÊããâØã ÔãªÔ¾ã Íãããä½ãÊã Ööý community, 769 ex-servicemen and 556 physically challenged members. ½ãã¶ãÌã ÔãâÔãã£ã¶ã ¹ãÖÊã HR Initiative ÌãÓãà 2009-10 ãñ ªãõÀã¶ã, ºãöã ¶ãñ 769 ¹ããäÀÌããèàãã ããä£ããããäÀ¾ããò ¦ã©ãã During the year 2009-10, the Bank recruited 98 1040 ãäÊããä¹ãããò ãñ ãÊããÌãã 98 ãäÌãÍãñÓãã ããä£ããããäÀ¾ããò ããè [ 52 Specialist Officers (52 Financial Analysts, 41 ãäÌ㦦ããè¾ã ãäÌãÍÊãñÍãã, 41 ãäÌã¹ã¥ã¶ã ¹ãƺ㶣ãã ããõÀ 5 ÞãããÀ/ããããÀ Marketing Managers and 5 HR/IR Officers), besides ããä£ãããÀãè] ¼ã¦ããê ããèý 769 Probationary Officers and 1040 Clerks. ããä¼ã¹ãÆñÀ¥ãã Motivation Ôã¹ã ããè ããä¼ã¹ãÆñÀ¥ãã ãñ ¹㠽ãò ããä£ããããäÀ¾ããò ¦ã©ãã ¹ãâÞãã ã½ãÃÞããÀãè As a part of staff motivation, Quiz Programme was conducted by Bank both for Officers and Award Staff ÔãªÔ¾ããò ãñ ãäÊã ¹ãÆͶ㠽ãâÞã ãã¾ãÃã½ã ãã¾ããñãäã¦ã ãäã¾ãã Øã¾ããý Ôã¹ã ããè members. Towards staff motivation and self- ããä¼ã¹ãÆñÀ¥ãã ããõÀ ÔÌã-ãäÌãããÔã ããñ ÒãäÓ ½ãò Àã ãÀ ½ãã¶ãÌã ÔãâÔãã£ã¶ã ããè development, HR Motivation series on various Human ããä¼ã¹ãÆñÀ¥ãã ÏãðâãÊãã ãñ ¦ãÖ¦ã ãäÌããä¼ã¸ã ½ãã¶ãÌã ãäÌãããÔããè¾ã ¹ãÖÊãìããò ããñ Developmental aspects is circulated to all Staff Ôã¼ããè Ôã¹ã ÔãªÔ¾ããò ½ãò ¹ããäÀÞãããäÊã¦ã ãäã¾ãã Øã¾ããý Members.
34 ¹ãÆãäÍãàã¥ã Training ½ãã¶ãÌã ¹ãîúããè ããñ ºãÖì½ãìããè ãäÌãããÔã ããè ÒãäÓ Ôãñ Ôã½ãð® ºã¶ãããÀ ¦ãðÓ Keeping in view the mission of the bank to enrich ØãÆãÖã ÔãñÌãã ããõÀ Íãñ¾ãÀ£ããÀããò ããñ ½ãîʾã Ìããä®Ã¦ã ÔãñÌãã ½ãìÖõ¾ãã ãÀã¶ãñ ãñ Human Capital through all-round development aiming at providing excellent customer service & value ÿñ;ã Ôãñ ºãöãäãâØã ãñ ½ãîÊã¼ãî¦ã àãñ¨ããò ãñ ãÊããÌãã ºãöãäãâØã ãñ Ôã½ãããÊããè¶ã appreciation to shareholders training is imparted on ½ãìÿãò ¹ãÀ ããâ¦ããäÀã ããõÀ ºããÛã ¹ãÆãäÍãàã¥ã ãñ ´ãÀã ¹ãÆãäÍãàã¥ã ¹ãƪã¶ã ãäã¾ãã contemporary issues of banking apart from basic ãã¦ãã Öõý ¹ãÆãäÍãàã¥ã ãñ ½ãÖ¦¹ãî¥ãà àãñ¨ããò ½ãò ããñãäã½ã ¹ãƺãâ£ã¶ã, ¦ãã¶ããèããò areas of banking through the internal and external ¦ã©ãã ãâ¹¾ãîÀ ããØãÂã¦ãã ãñ ãÊããÌãã £ããÀ ½ãîʾããâã¶ã / £ããÀ ¹ãƺããñ£ã¶ã mode. The focus continued to be on Credit Appraisal/ Ìã ¹ã¾ãÃÌãñàã¥ã, ã¶ããÃã ãããäÔ¦ã¾ããò ãã ¹ãƺãâ£ã¶ã ããõÀ ÌãÔãîÊããè ¹ãÀ ¼ããè ããñÀ Credit Monitoring, NPA Management & Recovery in addition to Risk Management and Computer ã䪾ãã ãã¶ãã ããÀãè Àãã Øã¾ããý Ôããñ ãÊããÌãã ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã, ¹ãÆã©ããä½ãã¦ãã awareness. Apart from the above, training was also £ããÀ, ãñÌããÃÔããè / ½ã Êã, ºããè Ôããè Ôã ºããè ããÃ, Ôã½ãÃ/Ôãîà½ã given in Foreign Exchange, Priority Credit, KYC/ AML, ãäÌ㦦ããè¾ã ããõÀ ØãÆã½ããè¥ã £ããÀ , ÔãîÞã¶ãã ¹ãÆãõ²ããñãäØãããè ¦¹ã㪠¹ãÀ ¹ãÆãäÍãàã¥ã BCSBI, SME /Micro Finance & Rural Credit, IT ã䪾ãã Øã¾ããý ãä¶ãÀãèàãããò ãñ ãäÊã ãã¾ãÃã½ã ,ãä¶ãÌããÀã Ôã¦ããæãã , ÔãÖã¾ãã Products. Programme for Inspectors, Preventive ½ãÖã ¹ãƺãâ£ãããò ããõÀ ½ãì¾ã ¹ãƺãâ£ãããò ãñ ãäÊã ¹ãƺãâ£ã¶ã ãäÌãããÔã ãã¾ãÃã½ã Vigilance, Management Development programme for AGMs & Chief Managers were also conducted. ¼ããè ÞãÊãã¾ãã Øã¾ããý Induction programme for newly recruited probationary ¶ã ¦ããõÀ ¹ãÀ ¼ã¦ããê ãäã Øã ¹ããäÀÌããèàãã£ããè¶ã ããä£ããããäÀ¾ããò ãñ ãäÊã officers were conducted apart from Orientation ããñãäÀ¾ãâñÍã¶ã ãã¾ãÃã½ã ããõÀ ¹ãÆãè ã¶ã¹ãÀ½ãñÍã¶ã ãã¾ãÃã½ã ãñ ãÊããÌãã ¶ã programme & Pre Confirmation Programme for ¹ããäÀÌããèàãã£ããè¶ã ããä£ããããäÀ¾ããò ãñ ãäÊã â¡ãÍã¶ã ãã¾ãÃã½ã ¼ããè ÞãÊãã Øãý Probationary Officers. Pre Promotion Training for SC/ST members who are ãäÌããä¼ã¸ã Ôã¹ã ¹ãÆãäÍãàã¥ã ãñ¶³ãò ¹ãÀ ¹ãâÞãã Ôã¹ã Ôãñ ãäÊããä¹ãã ÔãâÌãØãà ½ãò eligible for promotion from Sub Staff to Clerical cadre ¹ãªãñ¸ããä¦ã Öñ¦ãì ¹ãã¨ã ã ãã / ã ã ãã ÔãªÔ¾ããò ãñ ãäÊã ¹ãªãñ¸ããä¦ã ¹ãîÌãà was conducted at various Staff Training Centres. ãã¾ãÃã½ã ÞãÊãã Øãý Special emphasis was given on programmes like Marketing of the banks products, SME Finance, Íããããããò ãñ ÔãìÞãã ÔãâÞããÊã¶ã ãñ ãäÊã àãñ¨ã ãäÌãÍãñÓã ãã¾ãÃã½ã ããõÀ Ô©ãã¶ã Marketing of CASA & Ancillary Services, apart from ¹ãÀ ãã¾ãÃã½ã ãñ ãÊããÌãã Ö½ããÀñ ºãöã ãñ ¦¹ããªãò ãã ãäÌã¹ã¥ã¶ã , Ôã ½ã à Region specific programmes & on location programme ãäÌ㦦ã¹ããñÓã¥ã , ããÔãã ããõÀ ã¶ãìÓãâØããè ÔãñÌããããò ãñ ãäÌã¹ã¥ã¶ã ãõÔãñ ãã¾ãÃã½ããò for efficient handling of branches. Session on ¹ãÀ ãäÌãÍãñÓã ããñÀ ã䪾ãã Øã¾ããý Ôã¹ã ¹ãÆãäÍãàã¥ã ½ãÖããäÌã²ããÊã¾ã ããõÀ Ôã¹ã Compliance Policies, Official Language ¹ãÆãäÍãàã¥ã ãñ¶³ ¹ãÀ ÞãÊãã ãã ÀÖñ Ôãã½ã㶾㠹ãÆãäÍãàã¥ã ãã¾ãÃã½ããò ½ãñ Implementation and Preventive Vigilance were included in the general training programmes ã¶ãì¹ããÊã¶ã ¶ããèãä¦ã¾ããò , Àãã¼ããÓãã ãã¾ããöÌã¾ã¶ã ããõÀ ãä¶ãÌããÀã Ôã¦ããæãã ¹ãÀ conducted at Staff Training College and Staff Training Ôã¨ã Íãããä½ãÊã ãäã Øãý ¶ã ¼ãÀ¦ãñ àãñ¨ããò ¹ãÀ Íããããããò / àãñ¨ããè¾ã Centres. Training slots were allotted to different Central ãã¾ããÃÊã¾ããò ¹ãÀ ½ãì¾ã ãã¾ãÃã¦ããÃããò ããñ ¹ãÆãäÍãàã¥ã ãñ ããäÀ Ôãàã½ã ºã¶ãã¶ãñ Office Departments for organising ad-hoc ãñ ãäÊ㠦㪩ãà ãã¾ãÃã½ã ÞãÊãã¶ãñ ãñ ãäÊã ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ãñ ãäÌã¼ããØããò programmes to enable them to train key functionaries ããñ ¹ãÆãäÍãàã¥ã ÔÊããù ããºãâãä¦ã ãäã Øãý at Branches/ Regional Offices on new emerging areas. ÌãÓãà ãñ ªãõÀã¶ã ÔãñÌãããä¶ãÌãð¦¦ã Öãñ¶ãñ ÌããÊãñ ããä£ããããäÀ¾ããò Ìã ¹ãâÞãã Ôã¹ã The Pre Retirement counseling programme was ÔãªÔ¾ããò ãñ ãäÊã ¹ãÆãè ãäÀã¾ãÀ½ãò ããâãäÔããäÊãâØã ãã¾ãÃã½ã ÞãÊãã Øãý conducted for Officers and Award Staff Members who ºãöã ¶ãñ ÔãñÌãããä¶ãÌãð¦¦ã ãã¾ãùããÊãããâññ ããè ÔãñÌããâ ÔãâãäÌãªã ¹ãÀ Êããé ãäãÔãÔãñ retired during the year. Bank has engaged the ¶ããñ ã¶ãì¼ãÌããò, ãã¶ã ããõÀ ºãöãäãâØã ãñ ãäÌããäÌã£ã ãã¾ãã½ããò ããè ãäÌãÍãñÓãã¦ãã services of retired executives on contract basis in ãã Êãã¼ã ã¾ãã ãã Ôããñý training system to derive the benefit of their experience, knowledge and expertise in various ãã¾ãùããÊãããò ããñ ãäÌãªñÍããè ¹ãÆãäÍãàã¥ã ãñ ãäÊã ¶ãããä½ã¦ã ãäã¾ãã Øã¾ãã ãäãÔãÔãñ facets of banking. ºãöãäãâØã ããõÀ ¹ãÆãõ²ããñãäØãããè ¹ãÀ 㶦ãÀÀãÓÈãè¾ã ¹ããäÀ¹ãÆñà¾ããò ããñ ¹ãÆ㹦ã ãäã¾ãã ãã Executives were nominated for overseas training to Ôããñ ããõÀ 㶾㠹ãÆãä¦ã¼ãããäØã¾ããò ½ãò ¶ããñ ã¶ãì¼ãÌã Ìã ãäÌãÍãñÓãã¦ãã ããñ ºããâã acquire international perspective on banking & ãã Ôããñý technology and share their expertise and experience with other participants. à Êããä¶ãÄØã ãñ ã ¼ããØã ãñ ¹ã Ôã¹ã ããÊãñã ´ãÀã ¹ããñÃÊã ÊããâÞã ãäã¾ãã As a part of E-Learning ,a portal was launched by Øã¾ãã ¦ãããäã ºãöãäãâØã ¹ããäÀÞããÊã¶ã ãñ ãäÌããä¼ã¸ã àãñ¨ããñâ ½ãñâ Ã-Ôã¨ã ¹ãƪã¶ã ãäã¾ãã Staff College , to serve as a vehicle for providing ãã Ôããñý e-lessons on different areas of banking operations. ããâ¦ããäÀã ¹ãÆãäÍãàã¥ã Internal Training The internal training system comprises of a Staff ããâ¦ããäÀã ¹ãÆãäÍãàã¥ã ¹ãÆ¥ããÊããè ½ãò ã Ôãû¹ã ½ãÖããäÌã²ããÊã¾ã, 9 Ôãû¹ã ¹ãÆãäÍãà¥ã College, 9 Staff Training Centres and one Rural ãò³ ¦ã©ãã ã ØãÆã½ããè¥ã ºãöãäãâØã ¹ãÆãäÍãàã¥ã ãò³ Íãããä½ãÊã Ööý 995 ãã¾ãÃã½ããò Banking Training Centre. Internal training was ãã ãã¾ããñã¶ã ãÀãñ ãìÊã 15,613 Ôãû¹ã ããñ ããâ¦ããäÀã ¹ãÆãäÍãàã¥ã ã䪾ãã imparted to 15,613 staff comprising of 8,548 Officers, Øã¾ãã ãäãÔã½ãò 8548 ããä£ãããÀãè, 5915 ãäÊããä¹ãã ããõÀ 1150 ã£ããè¶ãÔ©ã 5,915 Clerical and 1,150 Sub-staff by conducting 995 programmes. Of the total staff trained 3,205 belonged Ôãû¹ã Íãããä½ãÊã ©ãñ ý ¹ãÆãäÍããäàã¦ã ãìÊã Ôãû¹ã ½ãò 3,205 ã ãã ãñ ããõÀ to SC, and 1,104 belonged to ST. 1,104 ã ã ãã ãñ ©ãñ ý
35 ºããÖÀãè ¹ãÆãäÍãàã¥ã Ìã ãäÌãªñÍã ½ãò ¹ãÆãäÍãàã¥ã External Training and Overseas Training ºãöã ¶ãñ ¹ãÆãä¦ãÓ㦽ãã ºããÛã ÔãâÔ©ããããò ´ãÀã ãã¾ããñãäã¦ã ¹ãÆãäÍãàã¥ã ãã¾ãÃã½ããò The Bank had also deputed 48 Executives and ½ãò 48 ãã¾ãùããÊãããò ããõÀ 270 ããä£ããããäÀ¾ããò ããñ ¹ãÆãä¦ããä¶ã¾ãìã¦ã ãäã¾ããý 270 Officers for training programmes conducted by reputed external institutes. Apart from these 8 ¶ããñ ãÊããÌãã 8 ãã¾ãùããÊãããò Ìãâ 6 ããä£ããããäÀ¾ããò ããñ ãäÌãªñÍã ½ãò ¹ãÆãäÍãàã¥ã executives and 6 officers were deputed for training ãñ ãäÊã ¹ãÆãä¦ããä¶ã¾ãìã¦ã ãäã¾ãã Øã¾ããý abroad. àãñ û ØãÆãû ºãöã ãñ Ôãû¹ã-ÔãªÔ¾ããò ããñ ¹ãÆãäÍãàã¥ã Training for Staff of RRBs ºãöã ¶ãñ ¶ããèÊããÞãÊã ØãÆ㽾㠺ãöã ¦ã©ãã ¹ããâã䡾ã¶ã ØãÆã½ãã ºãöã ãñ 508 Ôãû¹ã- The Bank had also trained 508 staff members of ÔãªÔ¾ããò ããñ 33 ¹ãÆãäÍãàã¥ã ãã¾ãÃã½ããò ½ãò ¹ãÆãäÍããäàã¦ã ãäã¾ããý ãìÊã ¹ãÆãäÍããäàã¦ã Neelachal Gramya Bank and Pandyan Grama Bank through 33 Training Programmes. Of the total staff Ôãû¹ã-ÔãªÔ¾ããò ½ãò ã¶ãìÔãîãäÞã¦ã ãããä¦ã ãñ 88 ¦ã©ãã ã¶ãìÔãîãäÞã¦ã ã¶ããããä¦ã trained 88 belonged to SC and 3 belonged to ST . ãñ 3 ÔãªÔ¾ã ©ãñý Prospects Ôãâ¼ããÌã¶ããâ The year 2010-11 is expected to witness improved ÌãÓãà 2010-11 ½ãò ãããä©ãÃã ãä¶ãÓ¹ã㪶ã ãñ ºãü¤¶ãñ, ãä¶ã¾ããæ㠽ããâØã ½ãò Ìãðãä® economic performance, revival of export demand and Öãñ¶ãñ ããõÀ ÌãõãäÍÌãã ãããä©ãÃã ¹ããäÀÌãñÍã ½ãò ããõÀ ããä£ãã Ôã½ãã¶ãìãîÊã Ìãã¦ããÌãÀ¥ã more conducive global economic environment. All these positive features are expected to strengthen ¦¹ã¸ã Öãñ¶ãñ ããè ã¹ãñàãã ããè ãã¦ããè Öõý ¶ã Ôã¼ããè ÔãããÀ㦽ãã ¹ãÖÊãìããò Ôãñ the economy and launch it on a higher growth path ½½ããèª ããè ãã¦ããè Öõ ãäã Ìãñ ã©ãÃ̾ãÌãÔ©ãã ããñ Ôãìªðü¤ ãÀòØãñ ããõÀ ããØãã½ããè in the subsequent years. ÌãÓããô ½ãò Ôãñ ããä£ãã ãäÌãããÔã ããè ããñÀ ãØãÆÔãÀ ãÀòØãñý
36 ÌãÓãà 2009-10 ãñ ãäÊã ãã¹ããóÀñ ØãÌã¶ãôÔã ¹ãÀ ãä¶ãªñÍãã REPORT OF THE BOARD OF DIRECTORS ON CORPORATE GOVERNANCE ½ãâ¡Êã ããè ãäÀ¹ããñà FOR THE YEAR 2009-10 ã. ããä£ãªñÍã㦽ãã ããÌã;ãã¦ããú A. MANDATORY REQUIREMENTS: 1. BANKS PHILOSOPHY ON CODE OF 1. ØãÌã¶ãó¶Ôã ããñ¡ ¹ãÀ ºãöã ãã ªÍãöã GOVERNANCE: ããù¹ããóÀñ ØãÌã¶ãó¶Ôã ÔãÌãÃ-½ãÖ¦Ìã¹ãî¥ãà ÔãâÀÞã¶ã㦽ãã ¤ãúÞãã ¹ãƪã¶ã ãÀ¦ãã Öõ, Corporate Governance provides the all-important ãäãÔãÔãñ ãäãÔããè ¼ããè ÔãâØã¶ã ãñ ÿñ;ããò ããñ ãä¶ããäÍÞã¦ã ãäã¾ãã ãã¦ãã Öõ ããõÀ structure through which the objectives of an Ôãñ ¹ãÆ㹦ã ãÀ¶ãñ Ìã Ôããñ ãã¾ãÃ-ãä¶ãÓ¹ã㪶㠹ãÀ ãä¶ãØãÀã¶ããè Àã¶ãñ ãã ½ããØãà organization are set as well as determines the means of attaining those objectives and monitoring ãä¶ããäÍÞã¦ã ãäã¾ãã ãã¦ãã Öõý ÔÌãÔ©¾ã ããù¹ããóÀñ ØãÌã¶ãó¶Ôã ãã ÿñ;ã ããù¹ããóÀñ performance. The primary objective of sound corporate ãã¾ãÃ-ãä¶ãÓ¹ã㪶ã ããñ ºãñÖ¦ãÀ ºã¶ãã¶ãñ ããõÀ ªãèÜããÃÌããä£ã Íãñ¾ãÀ£ããÀã ½ãîʾã governance is to contribute to improved corporate ¦¹ã¶¶ã ãÀ¶ãñ ããè ãäã½½ãñªãÀãè ½ãò ã¹ã¶ãã §ãÀªããä¾ã¦Ìã ¹ãƪã¶ã ãÀ¶ãã Öãñ¦ãã performance and accountability in creating long term Öõý shareholder value. The Bank has been scrupulously ensuring ºãöã Ôã¼ããè àãñ¨ããò ½ãò ãäÌããä¶ã¾ãã½ãã ¹ãÆããä£ããããäÀ¾ããò ´ãÀã ãä¶ã£ããÃãäÀ¦ã ½ãã¶ãª¥¡ãò compliances with norms laid down by regulatory ãñ ã¶ãì¹ããÊã¶ã ããñ ãäºã¶ãã Þãîã Ôãìãä¶ããäÍÞã¦ã ãÀ ÀÖã Öõý ºãöã Ö½ãñÍãã Öãè authorities in all areas. The Bank has always been ãÞñ ããù¹ããóÀñ ØãÌã¶ãó¶Ôã ããñ ã¹ã¶ãã¶ãñ ããõÀ ¹ããÊã¶ã ãÀ¶ãñ ½ãò Ôããäã¾ã ÀÖã proactive in adopting as well as practicing good Öõý ºããñ¡Ã £ã¶ã Ìãâ Õããñ¦ããò ãñ Ôãðã¶ã, ÔãâÀàã¥ã Ìãâ ¶Öò ºãü¤ã¶ãñ ãñ ãäÊã Corporate Governance. The Board recognizes its accountability to all stakeholders of the Bank ºãöâã ãñ Ôã¼ããè ãäÖ¦ã£ããÀããò ãñ ¹ãÆãä¦ã ã¹ã¶ããè ãäã½½ãñªããäÀ¾ããò ããñ ¹ãÖÞãã¶ã¦ãã for creating, protecting and enhancing wealth and Öõ ããõÀ ¶Öò Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ Ìãâ ¹ããÀªÍããê ¦ãÀÖ Ôãñ ã¹ã¶ãñ ãã¾ãÃ-ãä¶ãÓ¹ã㪶ã resources for the Bank and reporting to them ããè ãäÀ¹ããñà ªñ¦ãã Öõý ºãöã ããñ ¾ãÖ ¹ãƾããÔã ãÀ¶ãã ÞãããäÖ ãäã ããù¹ããóÀñ on its performance in a timely and transparent ØãÌã¶ãó¶Ôã ããñ ºãü¤ã¶ãñ ãñ ãäÊã ¦ãðÓ ÔãªãÞããÀ ãã ãã¾ããöÌã¾ã¶ã Ôãìãä¶ããäÍÞã¦ã manner. It is the Banks endeavour to ensure the implementation of best practices for the purpose ãÀò, ãäãÔãÔãñ Íãñ¾ãÀ£ããÀããò ããñ ¼ããè Êãã¼ã ¹ãÖìúÞãñý of enhancing corporate governance and in turn ºãöã Ôã½ãØãÆ ØãÌã¶ãó¶Ôã ¹ãÆãäã¾ãã ããè ¹ãƼããÌããããäÀ¦ãã ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ, benefiting shareholder interests. ¹ãƼããÌãããÀãè ãäÌã§ããè¾ã ãäÀ¹ããñãäÄØã Ìã ¹ãÆã¶ã ½ãã¶ãª¥¡ ãñ ÀãÀããÌã ããñ The Bank appreciates its fiduciary duty and Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ããõÀ ÞÞã ¶ããèãä¦ã ½ãã¶ãããò ãã ¹ããÊã¶ã ãÀ¶ãñ ãñ ã¹ã¶ãñ responsibility for ensuring the effectiveness of its overall governance process, for ensuring the maintenance ¶¾ããÔããè¾ã ã¦ãÃ̾ã ããõÀ ãäã½½ãñªããäÀ¾ããò ããè ÔãÀãÖ¶ãã ãÀ¦ãã Öõý of effective financial reporting and disclosure norms Ö½ããÀãè ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¶ããèãä¦ã¾ããú ãä¶ã½¶ããäÊããäã¦ã ãäÔã®ãâ¦ããò ¹ãÀ ãã£ãããäÀ¦ã and adherence to high ethical standards. Öõý The Banks Corporate Governance policies are based on the following principles: ⇒ ãã¶ãî¶ã ãã ãàãÀÍã: ã¶ãì¹ããÊã¶ã Öãñ ý ⇒ Satisfy the law both in letter and in spirit ⇒ ¹ããÀªÍããê ÀÖ¶ãã ããõÀ ÞÞã ¹ãÆããèãÀ¥ã Ô¦ãÀ ºã¶ãã Àã¶ãã ý ⇒ Be transparent and maintain a high degree of disclosure levels. ⇒ ºãöã ãã ããâ¦ããäÀã ãã½ãããã ãõÔãñ ÞãÊã¦ãã Öõ Ôããñ ºããÀñ ½ãò ºããÖÀ ⇒ Communicate externally in a truthful manner ÔãÖãè ãã¶ãããÀãè ªñ¶ãã ý about how the bank is run internally ⇒ ãäã¶ã ªñÍããò ½ãò ºãöã ãã½ã ãÀ ÀÖã Öõ ¶ã Ôã¼ããè ªñÍããò ãñ ãã¶ãî¶ã ãã ⇒ Comply with laws of all the countries in which the Bank operates ã¶ãì¹ããÊã¶ã ãÀ¶ããý ⇒ Realise that management is only the trustee ⇒ ¾ãÖ Ôã½ã¢ã¶ãã ãäã ¹ãƺãâ£ã¶ã ã¶ã¦ãã ããè ãä¶ããä£ã¾ããò ãã ãñÌãÊã ¶¾ããÔããè and custodian of the public funds and not ããõÀ ÔãâÀàãã Öõ ¶ã ãäã Ôããã ÔÌãã½ããè ý the owner The Banks existing corporate vision: To be a ºãöã ããè Ìã¦ãýãã¶ã ãã¹ããóÀñ ÒãäÓ: Êãã¼ã Ìã Ìãðãä® ãñ àãñ¨ã ½ãò ÔãºãÔãñ ããØãñ Leader in terms of Profit and Growth and also ÀÖãÀ ØãÆãÖããò ããñ ÔãìÀãäàã¦ã ¦ã©ãã ¶ãõãä¦ãã ºãöãäãâØã ÔãñÌããú ¹ãƪã¶ã ãÀ¶ããý providing Safe & Ethical Banking Services to ºãöã ã¹ã¶ãñ ÔãâÔãã£ã¶ããò Ìã ¹ãƺãÊã¦ãã ããõÀ À¥ã¶ããèãä¦ã¾ããò Ôãñ Ôã ÒãäÓ ããñ Customers. The Bank will continue to focus its ¹ãÆ㹦ã ãÀ¶ãã ããÀãè ÀãñØãã ý resources, strengths and strategies to achieve this vision.
37 2. ãä¶ãªñÍãã ½ãâ¡Êã 2. BOARD OF DIRECTORS: ã. ÔãâÀÞã¶ãã a. Composition: ºãöã ãñ ããÀãñºããÀ ãã ãã¾ãüããÀ ãä¶ãªñÍãã ½ãâ¡Êã ¹ãÀ Öõý 㣾ãàã Ìã ¹ãƺãâ£ã The business of the Bank is vested with the Board ãä¶ãªñÍãã ¦ã©ãã ªãñ ãã¾ãùããÊãã ãä¶ãªñÍãã ½ãâ¡Êã ãñ ¹ã¾ãÃÌãñàã¥ã, ãä¶ãªñÃÍã¶ã of Directors. The CMD and two EDs function ããõÀ ãä¶ã¾ãâ¨ã¥ã ½ãò ãã½ã ãÀ¦ãñ Ööý ãä¶ãªñÍãã ½ãâ¡Êã ½ãò 31.03.2010 under the superintendence, direction and control of the Board. The strength as on 31.03.2010 is ¦ãã ºããÀÖ ÔãªÔ¾ã ÀÖñ, ãäã¶ã½ãò ¦ããè¶ã ãã¾ãùããÊãã ¹ãî¥ãà ãããäÊãã ãä¶ãªñÍãã twelve directors comprising three whole time Öö Ìã ¶ããõ ØãõÀ ãã¾ãùããÊãã ãä¶ãªñÍãã Öö ãäãÔã½ãò ¦ããè¶ã ãä¶ãªñÍãã Íãñ¾ãÀ Directors and nine non-executive Directors, which £ããÀããò ´ãÀã ¶ããñ ãäÖ¦ããò ãñ ãäÌããä£ãÌã¦ã ¹ãÆãä¦ããä¶ããä£ã¦Ìã ãñ ãäÊã Þãì¶ãñ Øã includes three directors elected by the Ööý shareholders to duly represent their interest. ã. ãäÌã§ããè¾ã ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ãã¾ãÃÀ¦ã ãä¶ãªñÍãããò b. Particulars of directors who held office ãñ ãäÌãÌãÀ¥ã during the financial year 2009-2010: ã.Ôãâ. ãä¶ãªñÍãã ãã ¶ãã½ã ¹ãª¶ãã½ã ãä¶ãªñÍãã¦ãã ãã ãä¶ã¾ãìãäã¦ã ããè ÌãÓãà ãñ ªãõÀã¶ã Sl Name of the Director Designation Nature of Date of Retirement/ ÔÌã¹㠦ããÀãèã ÔãñÌãã ãä¶ãÌãð¦¦ã / No Directorship Appointment demission of ãã¾ãÃããÊã ããè office during Ôããä½ããä¦ã the year 1Ñããè Ôã ¼ã 㣾ãàãÌã ¹ãƺãâ£ã ãã¾ãùããÊãã / 04.06.2007 - 01 Shri S A Bhat Chairman & Executive / 04.06.2007 ãä¶ãªñÍãã ¹ãî¥ãÃãããäÊãã Managing Whole Time Director 2 Ñããè ããè ¶ããÀã¾ã¥ã¶ã ãã¾ãùããÊãã ãã¾ãùããÊãã / 07.11.2007 31.10.2009 02 Shri G Narayanan Executive Executive / 07.11.2007 31.10.2009 - ãä¶ãªñÍãã ¹ãî¥ãÃãããäÊãã ããñ ÔãñÌãããä¶ãÌãð§ã Director Whole Time Retired 3 Ñããè Ìããà Êã ½ãªã¶ã ãã¾ãùããÊãã ãã¾ãùããÊãã / 16.05.2008 - 03 Shri Y L Madan Executive Executive / 16.05.2008 ãä¶ãªñÍãã ¹ãî¥ãÃãããäÊãã Director Whole Time 4 Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã ãã¾ãùããÊãã ãã¾ãùããÊãã / 07.12.2009 - 04 Smt.NupurMitra Executive Executive / ãä¶ãªñÍãã ¹ãî¥ãÃãããäÊãã Director Whole Time 07.12.2009 5 ¡ãù.ãäÌã¶ããè¦ãã ãì½ããÀ ÔãÀããÀãè ¶ãããä½ã¦ããè ÔãÀããÀãè 10.06.2008 - 05 Dr. Vinita Kumar Govt. Nominee Official ãä¶ãªñÍãã ØãõÀ-ãã¾ãùããÊãã Director Non Executive 10.06.2008 6 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã ¼ãã ãäÀ ºãöã ãñ ØãõÀ ãã¾ãùããÊãã 27.02.2007 - 06 Smt. Chitra Chandramouliswaran RBI Nominee Non Executive 27.02.2007 ¶ãããä½ã¦ããè ãä¶ãªñÍãã Director 07 Shri N Sridaran Workmen Non Executive 20.04.2007 7 Ñããè ¶ã Ñããè£ãÀ¶ã ã½ãÃããÀ ã½ãÃÞããÀãè ØãõÀ ãã¾ãùããÊãã 20.04.2007 - Employee ãä¶ãªñÍãã Director 8 Ñããè ãñ ¡ãè Íã½ããà ããä£ãããÀãè ã½ãÃÞããÀãè ØãõÀ ãã¾ãùããÊãã 09.03.2006 30.11.2009 08 Shri J D Sharma Officer Non Executive 09.03.2006 30.11.2009 ãä¶ãªñÍãã ããñ ãã¾ããÃÊã¾ã Employee demitted office ¦¾ããØã ã䪾ãã Director 9 Ñããè. ãñ ãã¶ã⪠ãì½ããÀ ããä£ãããÀãè ØãõÀ ãã¾ãùããÊãã 26.03.2010 - 09 Shri K. Ananda Kumar Officer ã½ãÃÞããÀãè ãä¶ãªñÍãã Employee Director Non Executive 26.03.2010 - 10 Ñããè ½ã ÀÌããé³ ãäÌãã½ã Ôã¶ãªãè ÊãñãããÀ ØãõÀãã¾ãùããÊãã 11.10.2006 10.10.2009 10 Shri M. Ravindra Vikram Chartered Non Executive 11.10.2006 10.10.2009 ãä¶ãªñÍãã / ããñ ãã¾ããÃÊã¾ã Accountant demitted office ãâÍããããäÊãã ¦¾ããØã ã䪾ãã Director ØãõÀ ÔãÀããÀãè Part time 11 Ñããè ºããè Ìããè ã¹¹ãã ÀãÌã ãä¶ãªñÍãã / ØãõÀ ãã¾ãùããÊãã 29.08.2008 - Non official ãâÍããããäÊãã 11 Shri B V Appa Rao Director/ Non Executive 29.08.2008 ØãõÀ ÔãÀããÀãè Part-time Non Official 12 Ñããè ÔãîÀã ã¨ããè ãä¶ãªñÍãã / ØãõÀ ãã¾ãùããÊãã 26.10.2009 - 12 Shri Sooraj Khatri Director / Non Executive 26.10.2009 - ãâÍããããäÊãã Part-time ØãõÀ ÔãÀããÀãè Non Official 13 Ñããè ãñ ¼ããØãÃÌã Íãñ¾ãÀ£ããÀã ØãõÀ ãã¾ãùããÊãã 08.12.2008 - 13 Shri A.K. Bhargava Shareholder ãä¶ãªñÍãã Director Non Executive 08.12.2008 14 ¡ãù. ãäÞãÀâããèºã Ôãñ¶ã Íãñ¾ãÀ£ããÀã ØãõÀ ãã¾ãùããÊãã 08.12.2008 - 14 Dr. Chiranjib Sen Shareholder ãä¶ãªñÍãã Director Non Executive 08.12.2008 15 Ñããè ÌãñÊÊãõ¾ã¶ã Íñã¾ãÀ£ããÀã ØãõÀ ãã¾ãùããÊãã 08.12.2008 - 15 Shri A Vellayan Shareholder ãä¶ãªñÍãã Director Non Executive 08.12.2008
38 ºãöã ãñ ãä¶ãªñÍãããò ãã ¹ãÆãñ¹ããÊã ã¶ãìºãâ£ã ½ãò ã䪾ãã Profile of Directors of the Bank is enclosed Øã¾ãã Öõ ý as an Annexure. It is declared that none of the directors are related ¾ãÖ ÜããñãäÓã¦ã ãäã¾ãã ãã¦ãã Öõ ãäã ããñà ¼ããè ãä¶ãªñÍãã ã ªîÔãÀñ to each other or related to any of the employees ãñ ãäÀͦãñªãÀ ¶ãÖãé Öö ¾ãã ºãöã ãñ ãäãÔããè ã½ãÃÞããÀãè ãñ ãäÀͦãñªãÀ of the bank. ¶ãÖãé Öö ý The Board has adopted a Code of Conduct for ½ãâ¡Êã ¶ãñ ãä¶ãªñÍãããò ããõÀ Ôã¼ããè ½ãÖã¹ãƺãâ£ãããò ãñ ãäÊã ããÞãÀ¥ã ÔãâãäÖ¦ãã Directors and all the General Managers and a ã¹ã¶ããà Öõ ããõÀ ã.Ìã.¹ãÆ.ãä¶ã Ôãñ Ôã ããÍã¾ã ããè ÜããñÓã¥ãã ¹ãÆ㹦ã ããè Øãà Öõ declaration has been obtained from the CMD confirming their compliance with the Code of ãäãÔã½ãò ÔãâãäÖ¦ãã ã¶ãì¹ããÊã¶ã ããè ¹ãìãäÓ ããè Øãà Öõ ããõÀ Ôã ãäÀ¹ããñà ãñ Ôãã©ã Conduct and is attached to this report. ÔãâÊãضã Öõý Shri K Sundar Rajan, Deputy General Manager, ºããñ¡Ã ÔãñÌãã ãäÌã¼ããØã Ôãñ ãìü¡ñ Ñããè ãñ ÔãìâªÀ Àãã¶ã, ¹ã ½ãÖã ¹ãƺãâ£ãã ãÖæãã a qualified Company Secretary, attached to Board ¹ãÆ㹦ã ãâ¹ã¶ããè ÔããäÞãÌã Öõâ ããõÀ ¡ãù ØããâØãìÊããè Ôããä½ããä¦ã ããè ãäÔã¹ãããäÀÍããò ãñ Services Department, is also the Secretary to the ã¶ãìÔããÀ Ìãñ ºããñ¡Ã ãñ ¼ããè ÔããäÞãÌã Öõâ ý Board, in accordance with the recommendations of the Dr. Ganguly Committee. Øã. ãä¶ãªñÍãã ½ãâ¡Êã ããè ºãõãò c. Meetings of the Board: ºãõã ããè ¦ããÀãèã Ìã Ô©ãã¶ã ããõÀ ãã¾ãÃÔãîÞããè Ôã¼ããè ãä¶ãªñÍãããò ããñ Ôã½ã¾ã The date and place of the meeting as well as ÀÖ¦ãñ ÔãîãäÞã¦ã ããè ãã¦ããè Öõý ãä¶ãªñÍãããò ããñ ãã¾ãÃÔãîÞããè ãñ Ôã¼ããè ½ãªãò ¹ãÀ the agenda papers are advised to all Directors ããä¦ããäÀã¦ã ÔãîÞã¶ãã ¹ãÆ㹦ã ãÀ¶ãñ ããè ÔãìãäÌã£ãã ¹ãÊ㺣ã Öõý ºãöã ãñ well in advance. The Directors have access to all additional information on the agenda. ãã¾ãùããÊãããò ããñ ¼ããè ãä¶ãªñÍãã ½ãâ¡Êã ããè ºãõããò ½ãò ãã½ãâãä¨ã¦ã ãäã¾ãã Executives of the Bank are also invited to attend ãã¦ãã Öõ ¦ãããäã Ìãñ ããÌã;ãã Ô¹ãÓãèãÀ¥ã ¹ãƪã¶ã ãÀ Ôããòý Ôã½ããèàãã ÌãÓãà the Board meetings to provide necessary ãñ ªãõÀã¶ã ãä¶ãªñÍãã ½ãâ¡Êã ããè ã½ã-Ôãñ-ã½ã ãä¦ã½ããÖãè ½ãò ã ºãõã ãñ clarifications. During the year under review, the ãäÖÔããºã Ôãñ, ÌãÓãà ½ãò ¶¾ãî¦ã½ã : ºããÀ ãã¾ããñãäã¦ã ãäã ãã¶ãñ ããè ¦ãìÊã¶ãã ½ãò, meetings of the Board were held 12 times as 12 ºãõãò Öìà ý against the requirement of holding meetings at least once a quarter with a minimum of six times a year. l ãäÌã§ããè¾ã ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ãä¶ã½¶ããäÊããäã¦ã ¦ããÀãèããò Ìãâ
Ô©ãã¶ããò ½ãò 12 ºããÀ ½ãâ¡Êã ããè ºãõãò ãã¾ããñãäã¦ã ããè ØãÃââ : l During the financial year 2009-10, the Board meetings were held 12 times on the following ã.Ôãâ. ºãõã ããè ¦ããÀãèã Ô©ãã¶ã dates and places : 1 04.05.2009 Þãñ¸ãõ SL NO. DATE OF MEETING PLACE HELD 2 13.06.2009 Þãñ¸ãõ 01 04.05.2009 Chennai 3 05.07.2009 Þãñ¸ãõ 02 13.06.2009 Chennai 4 29.07..2009 ãäªÊÊããè 03 05.07.2009 Chennai 5 18.08.2009 Þãñ¸ãõ 04 29.07.2009 Delhi 6 22.09.2009 Þãñ¸ãõ 05 18.08.2009 Chennai 7 29.10.2009 Þãñ¸ãõ 06 22.09.2009 Chennai 8 29.11.2009 ããñÊããã¦ãã 07 29.10.2009 Chennai 9 04.01.2010 Þãñ¸ãõ 08 29.11.2009 Kolkata 10 28.01.2010 Þãñ¸ãõ 09 04.01.2010 Chennai 11 24.02.2010 ãäªÊÊããè 10 28.01.2010 Chennai 11 24.02.2010 Delhi 12 30.03.2010 ½ã콺ãà 12 30.03.2010 Mumbai l Ôã¼ããè ºãõãò ãäÞã¦ã ããñÀ½ã ãñ Ôãã©ã Ô©ããäØã¦ã ãäã ãäºã¶ãã ãã¾ããñãäã¦ã · All the meetings were conducted with proper ããè ØãÄý quorum and without any adjournments.
l ½ãâ¡Êã ããè §ã ºãõããò ããõÀ ã䪶ããâã 04.07.2009 ããñ ãã¾ããñãäã¦ã · Attendance of the directors at the above ãä¹ãÊããè ããè½ã ½ãò ãä¶ãªñÍãããò ããè ¹ããäÔ©ããä¦ã ¶ããèÞãñ ªãè Øã¾ããè Öõ : Board meetings and last AGM held on 04.07.2009 are furnished below:
39 ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ¼ããØã Êããè ãä¹ãÊããè ããè½ã ½ãò Sl. Name of Director Number of Attendance in Øãà ºãõããò ¹ããäÔ©ããä¦ã No. Board Meetings the last AGM ããè Ôãâ¾ãã attended/Held 1 Ñããè Ôã. . ¼ã, ã Ìã ¹ãÆ ãä¶ã 12/12 Öãâù 01 Shri. S A Bhat, CMD 12 / 12 Yes 2 Ñããè ããè. ¶ããÀã¾ã¥ã¶ã 07/07 Öãú 02 Shri G Narayanan 07 / 07 Yes 03 Shri Y L Madan 10 / 12 No 3 Ñããè ÌããÃ. Êã. ½ãªã¶ã 10/12 ¶ãÖãé 04 Smt. Nupur Mitra 04/04 Appointed after 4 Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã 04/04 ããè½ã ããè ¦ããÀãèã ãñ ºã㪠ãä¶ã¾ãìã¦ã the date of AGM 5 ¡ãù. ãäÌã¶ããè¦ãã ãì½ããÀ 07/12 ¶ãÖãé 05 Dr. Vinita Kumar 07/12 No 6 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 11/12 ¶ãÖãé 06 Smt. Chitra Chandramouliswaran 11/12 No 7 Ñããè ¶ã. Ñããè£ãÀ¶ã 12/12 Öãú 07 Shri N Sridaran 12/12 Yes 08 Shri J D Sharma 07/07 Yes 8 Ñããè ãñ. ¡ãè. Íã½ããà 07/07 Öãú 09 Shri.K.Ananda Kumar 01/01 Appointed after 9 Ñããè.ãñ ãã¶ã⪠ãì½ããÀ 01/01 ããè½ã ããè ¦ããÀãèã ãñ ºã㪠ãä¶ã¾ãìã¦ã the date of AGM 10 Ñããè ½ã. ÀÌããé³ ãäÌãã½ã 06/06 Öãú 10 Shri M. Ravindra Vikram 06/06 Yes 11 Ñããè ÔãîÀã ã¨ããè 06/06 ããè½ã ããè ¦ããÀãèã ãñ ºã㪠ãä¶ã¾ãìã¦ã 11 Shri Sooraj Khatri 06/06 Appointed after 12 Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã 11/12 Öãú the date of AGM 12 Shri B V Appa Rao 11/12 Yes 13 Ñããè . ãñ. ¼ããØãÃÌã 11/12 Öãú 13 Shri A K Bhargava 11/12 Yes 14 ¡ãù. ãäÞãÀâããèºã Ôãñ¶ã 09/12 ¶ãÖãé 14 Dr. Chiranjib Sen 09/12 No 15 Ñããè . ÌãñÊÊãõ¾ã¶ã 03/12 Öãú 15 Shri A Vellayan 03/12 Yes Üã. 㶾㠽㥡Êã ¾ã㠽㥡Êã Ôããä½ããä¦ã¾ããò ããè Ôãâ¾ãã ãäã¶ã½ãò d. Number of other Boards or Board ãä¶ãªñÍãã ã ÔãªÔ¾ã 㣾ãàã Öö : committees in which the Director is a member / Chairperson: ãä¶ãªñÍãã ãã ¶ãã½ã 㶾ã ãâ¹ããä¶ã¾ããò ããè Ôãâ¾ãã Ôããä½ããä¦ã¾ããò ããè Ôãâ¾ãã (ãä¶ãããè ãâ¹ããä¶ã¾ããò ããñ ãñ¡ãÀ) ãäãÔã½ãò Ìãñ ÔãªÔ¾ã Öö Name of the Director Number of other companies Number of (excluding private companies) Committees ãäã¶ã½ãò Ìãñ ÔãªÔ¾ã /㣾ãàã Öö (ãã ããñ ºããè ããñ ãñ¡ãÀ) in which he/she (other than IOB) (Ìãõããäʹãã / ¶ãããä½ã¦ã is a member/Chairperson in which ãä¶ãªñÍãã ããñ ãñ¡ãÀ ºããñ¡ of the Board (excluding a member alternate/ nominee director) Ñããè ãñ ¼ããØãÃÌã 03 - ÔãªÔ¾ã 01- 㣾ãàã 02 - ÔãªÔ¾ã Shri A.K. Bhargava 03 Member 01 - Chairman Ñããè ÌãñÊÊãõ¾ã¶ã 02 - 㣾ãàã 06 - ÔãªÔ¾ã 02 - Member Shri A Vellayan 02 - Chairman 06 - Member 01 - ÔãªÔ¾ã 01 - Member ¡ãù.ãäÞãÀâããèºã Ôãñ¶ã 01 - ÔãªÔ¾ã Íãã Dr. Chiranjib Sen 01 - Member Nil
¡. Ôããä½ããä¦ã¾ããò ½ãò ÔãªÔ¾ã¦ãã: e. Membership in Committees: None of the directors on the Board is a member in ½ãâ¡Êã ãñ ãä¶ãªñÍãããò ½ãò Ôãñ ããñà ¼ããè 10 Ôããä½ããä¦ã¾ããò Ôãñ ããä£ãã ½ãò ÔãªÔ¾ã more than 10 committees or acts as a Chairman of ¶ãÖãé Öõâ ¾ãã Ôã¼ããè ãâ¹ããä¶ã¾ããò ½ãò, ãäãÔã½ãò Ìãñ ãä¶ãªñÍãã Öö ¹ããúÞã Ôããä½ããä¦ã¾ããò Ôãñ more than five committees across all companies in ããä£ãã ½ãò 㣾ãàã ãñ ¹㠽ãò ¹ãªÔ©ã ¶ãÖãé Öö ý (ÔãîÞããèºã® ãÀãÀ ãñ which he is a director. (For the purpose of reckoning 㥡 49(1) (Ôããè ) ããè Íã¦ããô ãñ ã¶ãìÔããÀ Ôããè½ãã ããè Øã¥ã¶ãã ãñ ÿñ;ã the limit in terms of clause 49(1)(C) of the listing agreement, the chairmanship/membership of the Audit Ôãñ, Êãñãã-¹ãÀãèàãã ¦ã©ãã Íãñ¾ãÀ £ããÀã ãäÍããã¾ã¦ã Ôããä½ããä¦ã ããè 㣾ãàã¦ãã/ Committee and the Shareholders Grievance ÔãªÔ¾ã¦ãã ¹ãÀ Öãè ãäÌãÞããÀ ãäã¾ãã Øã¾ãã Öõ ý Committee alone have been considered). 3. ½ãâ¡Êã ããè Ôããä½ããä¦ã¾ããú: 3. COMMITTEES OF THE BOARD: ãä¶ã¥ãþ㠹ãÆãäã¾ãã ½ãò ÔãìãäÌã£ãã ¦ãñããè Êãã¶ãñ ãñ ãäÊã ½ãâ¡Êã ¶ãñ ãä¶ã½¶ããäÊããäã¦ã In order to facilitate the decision-making process, Ôããä½ããä¦ã¾ããâ Øããä¦ã ããè Öö ããõÀ ¶Öò ãäÌãÍãñÓã ããä£ãããÀ ¼ããè ãäª Öö ý ÖÀ Board has constituted the following committees and delegated specific powers to them. The ºãõã ãñ ãã¾ãÃÌãð§ã Ôããä½ããä¦ã ããè ãØãÊããè ºãõã ãñ Ôã½ãàã ¹ãìãäÓ Öñ¦ãì minutes of each meeting are subsequently placed ¹ãÆÔ¦ãì¦ã ãäã ãã¦ãñ Öö ¦ã©ãã ã¶ãì½ããñª¶ã ãäã Øã¾ãñ ãã¾ãÃÌãð§ã ããñ ãä¶ãªñÍãã before the next meeting of the committee for ½ãâ¡Êã ãñ Ôã½ãàã ÔãîÞã¶ãã©ãà ½ãâ¡Êã ºãõã ½ãò ¹ãÆÔ¦ãì¦ã ãäã¾ãã ãã¦ãã Öõ ý confirmation and the minutes thus approved, are placed before the Board Meeting for their information.
40 l 3.1 ½ãâ¡Êã ããè ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã (½ã Ôããè ºããè) l 3.1 Management Committee of the Board (MCB): ½ãâ¡Êã ããè ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã ãã Øã¶ã ÀãÓÈãè¾ããð¦ã ºãöã (¹ãƺ㶣ã¶ã Ìã ãäÌããäÌã£ã ¹ãÆãÌã£ãã¶ã) ¾ããñã¶ãã 1970 ãñ ¹ãºãâ£ããò ãñ ã¶ãìÔããÀ ãäã¾ãã Øã¾ãã MCB is constituted as per the provisions of the Nationalized Banks (Management and Öõý ½ãÔããèºããè ãñ ãä¶ã½¶ãã¶ãìÔããÀ ãã¾ãà Ìãâ ã¦ãÃ̾ã Öö : Miscellaneous Provisions) Scheme, 1970. The ã. £ããÀ ¹ãÆÔ¦ããÌããò ããñ ÔÌããèãð¦ã ãÀ¶ãã (ãä¶ããä£ã ãã£ãããäÀ¦ã ããõÀ ØãõÀ functions and duties of the MCB are as under: ãä¶ããä£ã ãã£ãããäÀ¦ã) a. Sanctioning of credit proposals (funded and non funded) ã. ¨ãÉ¥ã ããõÀ º¾ããã Ôã½ã¢ããõ¦ãã/ºãáñ ãã¦ãñ ½ãò ¡ãÊã¶ãñ ãñ ¹ãÆÔ¦ããÌã b. Loan and Interest Compromise / Write off Øã. ¹ãîâããè Ìãâ ÀããÔÌã ̾ã¾ã ãñ ã¶ãì½ããñª¶ã ãñ ãäÊã ¹ãÆÔ¦ããÌã proposals c. Proposals for approval of capital and revenue Üã. ¹ããäÀÔãÀ ãäãÀã ¹ãÀ Êãñ¶ãñ ããõÀ ããä£ãØãÆÖ¥ã ãñ Ôãâºãâ£ã ½ãò ¹ãÆÔ¦ããÌã, expenditure ¹ããäÀÔãÀ ãñ ãäãÀã¾ãñ ãñ ãäÊã Ìã ããä£ãØãÆÖ¥ã ãñ ãäÊã ½ãã¶ãª¥¡ãò ãñ d. Proposals relating to acquisition and hiring ̾ããä¦ãã½ã ÔããäÖ¦ã of premises, including deviation from norms for acquisition and hiring of premises. Þã. Ìããª/ã¹ããèÊã ªã¾ãÀ ãÀ¶ãã, ¶ã¹ãÀ ¹ãÆãä¦ãÌã㪠ãÀ¶ãã ¦¾ãããäª e. Filing of suits / appeals, defending them etc. . ÔãÀããÀãè ããõÀ 㶾ã ã¶ãì½ããñã䪦㠹ãÆãä¦ã¼ãîãä¦ã¾ããò, ãâ¹ããä¶ã¾ããò ãñ Íãñ¾ãÀãò f. Investments in Government and other ããõÀ ã䡺ãñâÞãÀãò ½ãò Öã½ããèªãÀãè ÔããäÖ¦ã ãä¶ãÌãñÍã ãÀ¶ãã approved securities, shares and debentures of companies, including underwriting. ã. ªã¶ã g. Donations ¢ã. 㶾ã ããñà ãäÌãÓã¾ã ããñ ºããñ¡Ã ´ãÀã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã ããñ Ôããö¹ãã Øã¾ãã h. Any other matter referred to the Management Öãñ Committee by the Board. Items (a) to (g) will be in respect of proposals ½ãª (ã) Ôãñ (ã), 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã ãñ ãäÌãÌãñãããä£ãããÀ beyond the discretionary powers of CMD. ãñ ¹ãÀñ ¹ãÆÔ¦ããÌããò ãñ Ôãâºãâ£ã ½ãò Öõý The committee met 23 times during the year. Ôããä½ããä¦ã ÌãÓãà ãñ ªãõÀã¶ã 23 ºããÀ ãä½ãÊããèý Ôã¼ããè ºãõãò ãäÞã¦ã ¹ããñÀ½ã ãñ All the meetings were conducted with proper Ôãã©ã Ô©ããäØã¦ã ãäã ºãØãõÀ ãã¾ããñãäã¦ã ããè ØãÃâý quorum and without any adjournments. ã䪶ããâã 01.04.2009 Ôãñ 31.03.2010 ¦ãã ããè ãÌããä£ã ãñ ªãõÀã¶ã The Members who held office during the period Ôããä½ããä¦ã ããè ºãõããò ãñ º¾ããõÀñ ããõÀ ¹ãƦ¾ãñã ÔãªÔ¾ã ´ãÀã Ôããñ ãã¾ãÃããÊã 01.04.2009 to 31.03.2010 and the details of number of meetings attended during their tenure ãñ ªãõÀã¶ã ºãõããò ½ãò ¹ããäÔ©ããä¦ã ããè Ôãâ¾ãã ãä¶ã½¶ããäÊããäã¦ã Öõ : by each committee member are as under:
ã. Ôãâ. ãä¶ãªñÍãã ãã ¶ãã½ã ¹ãª ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò Sl. Name of Director Position Tenure of membership Number of No. From To Meetings Ôãñ ¦ãã ¹ããäÔ©ããä¦ã attended 1Ñããè Ôã Ìã¼ã ¹ãÆ ãä¶ã 㣾ãàãã 04.06.2007 23/23 1. Shri S.A. Bhat, CMD Chairman 04.06.2007 23/ 23 2 Ñããè ããè ¶ããÀã¾ã¥ã¶ã ÔãªÔ¾ã 07.11.2007 31.10.2009 14/14 2. Shri G. Narayanan Member 07.11.2007 31.10.2009 14/14 3 Ñããè ÌããÃ.Êã.½ãªã¶ã ÔãªÔ¾ã 16.05.2008 21/23 3. Shri Y L Madan Member 16.05.2008 21/23 4 Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã ÔãªÔ¾ã 07.12.2009 06/07 4. Smt. Nupur Mitra Member 07.12.2009 06/07 5 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã ÔãªÔ¾ã 12.07.2007 21/23 5. Smt. Chitra Chandramouliswaran Member 12.07.2007 21/23 6 Ñããè ½ã ÀÌãã足 ãäÌãã½ã ÔãªÔ¾ã 11.10.2006 10.10.2009 11/12 6. Shri M. Ravindra Vikram Member 11.10.2006 10.10.2009 11/12 7 Ñããè .ãñ.¼ããØãÃÌã ÔãªÔ¾ã 01.12.2008 31.05.2009 7. Shri A.K. Bhargava Member 01.12.2008 31.05.2009 01.12.2009 31.05.2010 10/11 01.12.2009 31.05.2010 10/11 8 ¡ãù ãäÞãÀâããèºã Ôãñ¶ã ÔãªÔ¾ã 08.12.2008 07.06.2009 7. Dr. Chiranjib Sen Member 08.12.2008 07.06.2009 08.12.2009 07.06.2010 08/11 08.12.2009 07.06.2010 08/11 9 Ñããè ¶ã.Ñããè£ãÀ¶ã ÔãªÔ¾ã 22.03.2009 21.09.2009 10/11 8. Shri N. Sridaran Member 22.03.2009 21.09.2009 10/11 10 Ñããè ºããè.Ìããè.ã¹¹ãã ÀãÌã ÔãªÔ¾ã 01.06.2009 30.11.2009 10/12 9. Shri B.V. Appa Rao Member 01.06.2009 30.11.2009 10/12 11 Ñããè ÌãñÊÊã¾ã¶ã ÔãªÔ¾ã 08.06.2009 07.12.2009 00/12 10. Shri A. Vellayan Member 08.06.2009 07.12.2009 00/12 11. Shri Sooraj Khatri Member 29.10.2009 28.04.2010 09/10 12 Ñããè ÔãîÀã ã¨ããè ÔãªÔ¾ã 29.10.2009 28.04.2010 09/10
41 l 3.2 ½ãâ¡Êã ããè Êãñãã ¹ãÀãèàãã Ôããä½ããä¦ã (Ôããèºããè) l 3.2 Audit Committee of the Board (ACB): ½ãâ¡Êã ããè Êãñãã ¹ãÀãèàãã Ôããä½ããä¦ã ¼ããÀ¦ããè¾ã ãäÀûüãÌãà ºãöã /¼ããÀ¦ã ÔãÀããÀ ãñ The Audit committee of the Board has been constituted by the Board of Directors as per ã¶ãìªñÍããò ãñ ã¶ãìÔããÀ ãä¶ãªñÍãã ½ãâ¡Êã ¯ãÀã Øããä¦ã ããè Øã¾ããè Öõý Ôããä½ããä¦ã instructions of the Reserve Bank of India/GOI and ½ãò : ÔãªÔ¾ã Öö- ªãñ ãã¾ãùããÊãã ãä¶ãªñÍãã, ÔãÀããÀãè ãä¶ãªñÍãã, ¼ããÀ¦ããè¾ã consists of six members comprising of two EDs, ãäÀûãÌãà ºãöã ãä¶ãªñÍãã, ªãñ ØãõÀ ÔãÀããÀãè ãä¶ãªñÍãã ãäã¶ã½ãò Ôãñ ã Ôã¶ãªãè Government director, RBI director, two non-official ÊãñããããÀ Öõ ããõÀ ¼ããÀ¦ã ÔãÀããÀ ãñ ¹ããäÀ¹ã¨ã, ã䪶ããâã 18.02.2008 directors of which one is a Chartered Accountant and non-official Chartered Accountant director ããè Íã¦ããô ãñ ã¶ãìÔããÀ ºãöãããÀãè ãâ¹ã¶ããèû(¹ãã½ããò ãã ããöã ããõÀ ãâ¦ãÀ¥ã) nominated under section 9(3)(g) of the Banking ããä£ããä¶ã¾ã½ã 1970/1980 ããè £ããÀã 9(3) (ããè) ãñ ¦ã֦㠶ãããä½ã¦ã ÔãÀããÀãè Companies (Acquisition and Transfer of àãñ¨ã ãñ ºãöããò ããñ ½ãâ¡Êã ããè Êãñãã ¹ãÀãèàãã Ôããä½ããä¦ã ½ãò ØãõÀ-ÔãÀããÀãè Undertakings) Act, 1970/1980 in terms of GOI Circular dated 18.02.2008 advising Public Sector Ôã¶ãªãè ÊãñããããÀ ããñ Íãããä½ãÊã ãÀ¶ãñ Öñ¦ãì ÔãîãäÞã¦ãã¶ãìÔããÀ ã ØãõÀ Banks to include such Director in the Audit ãããä£ããããäÀã Ôã¶ãªãè ÊãñããããÀ Öõý Committee of the Board. ½ãâ¡Êã Êãñãã ¹ãÀãèàãã Ôããä½ããä¦ã ãñ ãã¾ãà Ìã ã§ãÃ̾ã ãä¶ã½¶ãã¶ãìÔããÀ Öõâ The delegated functions and duties of the ACB are as under: l ºãöã ½ãò Ôã½ãØãÆ Êãñãã ¹ãÀãèàãã ãã¾ãà ãñ ¹ããäÀÞããÊã¶ã ããè ªñã-Àñã ⇒ To provide direction as also oversee the ãÀ¶ãã ããõÀ ½ããØãêÍãö㠪ñ¶ããý Ôã½ãØãÆ Êãñãã ¹ãÀãèàãã ãäã¾ãããÊãã¹ããò ½ãò operation of the total audit ºãöã ãã ããâ¦ããäÀã ãä¶ãÀãèàã¥ã Ìã Êãñãã ¹ãÀãèàãã ãã ÔãâØã¶ã, Øãì¥ãÌã§ãã function in the Bank. Total audit function will ãä¶ã¾ãâ¨ã¥ã Ìã ¹ããäÀÞããÊã¶ã ãÀ¶ãã ããõÀ ºãöã ¦ã©ãã ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã imply the organization, operationalisation and quality control of the internal audit and ãñ ãä¶ãÀãèàã¥ã ãñ ÔããâãäÌããä£ãã /ºããÖÀãè Êãñãã¹ãÀãèàãã ãã ã¶ãìÌã¦ãöã inspection within the Bank and follow up on ãÀ¶ãã the statutory / external audit of the Bank and inspections of RBI. l ºãöã ½ãò Öãñ¶ãñÌããÊãñ ããâ¦ããäÀã ãä¶ãÀãèàã¥ã/Êãñãã¹ãÀãèàãã ããè Ôã½ããèàãã ⇒ To review the internal inspection / audit ãÀ¶ãã ã¶ãìÌã¦ãöã ãñ Ôã⪼ãà ½ãò ¹ãÆ¥ããÊããè, Ôãããè Øãì¥ãÌã§ãã ¦ã©ãã function in the Bank the system, its quality ¹ãƼããÌã㦽ãã¦ãã ããè Ôã½ããèàãã ãÀ¶ãã ããõÀ ãäÌããäÍãÓ ¦ã©ãã ºãÖì¦ã ºã¡ãè and effectiveness in terms of follow-up and Íããããããò ããõÀ ãÔãâ¦ããñÓãã¶ãã ÀñãåØãÌããÊããè Ôã¼ããè Íããããããò ããè also the inspection reports of specialized and Ôã½ããèàãã ãÀ¶ãã extra large branches and all branches with unsatisfactory ratings l ãã¾ãÃããÀãè àãñ¨ããò ãñ ã¶ãì¹ããÊã¶ã ããä£ããããäÀ¾ããò Ôãñ ã£ãà ÌãããäÓãÃã ⇒ To obtain and review half yearly reports ãäÀ¹ããñô ¹ãÆ㹦ã ãÀ¶ãã Öõ ããõÀ Ôãããè Ôã½ããèàãã ãÀ¶ãã from the Compliance Officers of the functional areas l ÔããâãäÌããä£ãã Êãñãã ¹ãÀãèàãã ããè ãäÀ¹ããñà ¦ã©ãã ÊããúØã ¹ãã½ãà Êãñãã-¹ãÀãèàãã ⇒ To review and follow up on the report of ãäÀ¹ããñà (Êãû¹ãããÀ) ½ãò ã Øã Ôã¼ããè ½ãªãò ¹ãÀ ã¶ãìÌã¦ãöã the statutory audits, and all the issues raised ¦ã©ãã Ôã½ããèàãã ãÀ¶ãã ããõÀ ÌãããäÓãÃã/ãäÌã§ããè¾ã ãäÌãÌãÀ¥ããò ¦ã©ãã ãäÀ¹ããñãô in the Long Form Audit Report (LFAR) and ããñ ãâãä¦ã½ã ¹㠪ñ¶ãñ Ôãñ ¹ãÖÊãñ ºããÖÀãè Êãñãã ¹ãÀãèàãããò ãñ Ôãã©ã interact with the external auditors before the ãäÌãÞããÀ ãäÌã½ãÍãà ãÀ¶ãã finalization of the annual / quarterly financial statements and reports. l ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ããè ãä¶ãÀãèàã¥ã ãäÀ¹ããñãô ½ãò ã Øã Ôã¼ããè ⇒ To review and follow up all the issues / ½ãã½ãÊããò /ãäÞãâ¦ããã¶ãã ãäÌãÓã¾ããò ããè Ôã½ããèàãã Ìãâ ã¶ãìÌã¦ãöã ãÀ¶ãã concerns raised in the Inspection reports of RBI. ¾ãÖ Ôããä½ããä¦ã ãäÌãÍãñÓããÀ ãä¶ã½¶ããäÊããäã¦ã ºãã¦ããò ¹ãÀ ¼ããè £¾ãã¶ã ªñ¦ããè Öõ This committee specially focuses on the follow- ⇒ 㶦ãÀ - Íãããã Ôã½ãâã¶ã ãã¦ãñ up of: ⇒ Inter Branch Adjustment Accounts ⇒ 㶦ãÀ-ºãöã ¦ã©ãã ¶ããñÔÈãñ ãã¦ããò ½ãò Êãâºããè ãÌããä£ã Ôãñ ãÔã½ãâãäã¦ã Êãâãäºã¦ã ¹ãÆãäÌããäÓ¾ããú ⇒ Unreconciled long outstanding entries in Inter Bank Accounts and Nostro Accounts
42 ⇒ ãäÌããä¼ã¸ã Íããããããò ½ãò ºããäÖ¾ããò ãñ ãä½ãÊãã¶ã ½ãò ºããã¾ãñ ãã Ôã½ãâã¶ã ⇒ Arrears in balancing of books at various branches ⇒ £ããñãã£ãã䡾ããò Ìãâ ̾ãÌãÔ©ãã Ôãâºãâ£ããè 㶾ã Ôã¼ããè ¹ãƽãìã àãñ¨ã ⇒ Frauds and all other major areas of house Ôãùã ãÔãÞãòã ½ãò ÔãîÞããèºã® ¼ããÀ¦ããè¾ã Ìãããä¥ããä¾ãã ºãöããò ããñ ¼ããÀ¦ããè¾ã keeping, ãäÀûãÌãà ºãöã ´ãÀã ããÀãè Ôãñºããè Ôããä½ããä¦ã ããè Íã¦ããô ãñ ã¶ãìÔããÀ ãã¹ããóÀñ The following additional role functions/powers have ØãÌã¶ãôÔã ãääªÍãããä¶ãªóÍããò ¹ãÀ ½ãâ¡Êã ããè Êãñãã-¹ãÀãèàãã Ôããä½ããä¦ã ããñ ãä¶ã½¶ããäÊããäã¦ã been entrusted to ACB in terms of SEBI Committee on Corporate Governance guidelines ããä¦ããäÀ§ã ãã¾ãà /Íããäã¦ã¾ããú Ôããö¹ãñ Øã : issued by RBI to Indian Commercial Banks listed on stock exchanges: l Ôããä½ããä¦ã ãñ ã£ããè¶ã ãäãÔããè ¼ããè Øããä¦ããäÌããä£ã ããè ããúÞã ¹ãü¡¦ããÊã ãÀ¶ããý l To investigate any activity within its terms l ãäãÔããè ¼ããè ã½ãÃÞããÀãè Ôãñ ãã¶ãããÀãè ¹ãÆ㹦ã ãÀ¶ãã ý of reference.
l To seek information from any employee. l ºããÖÀ Ôãñ ãäÌããä£ãã ¾ãã 㶾ã ̾ããÌãÔãããä¾ãã ÔãÊããÖ ¹ãÆ㹦ã ãÀ¶ãã ý l To obtain outside legal or other professional l ãÁÀ¦ã ¹ãü¡¶ãñ ¹ãÀ Ôãâºãâãä£ã¦ã ãäÌãÓã¾ã ½ãò ãäÌãÍãñÓãã¦ãã ÌããÊãñ ºããÖÀãè advice. ̾ããäã¦ã¾ããò ããñ ãã½ãâãä¨ã¦ã ãÀ¶ããý l To secure attendance of outsiders with Êãñãã-¹ãÀãèàãã Ôããä½ããä¦ã ãñ ãã¾ããñÄ ½ãò ¼ããè ãäÌã²ã½ãã¶ã ãã¾ããô ãñ ããä¦ããäÀ§ã relevant expertise, if it considers necessary. ãä¶ã½¶ããäÊããäã¦ã ãã¾ãà ¼ããè Íãããä½ãÊã Öâõ: The role of the Audit Committee shall also include the following in addition to the existing role l ãâ¹ã¶ããè ããè ãäÌã§ããè¾ã ãäÀ¹ããñãäÄØã ¹ãÆ¥ããÊããè ¹ãÀ ÒãäÓ Àã¶ãã ¦ã©ãã Ôãããè function:
ãäÌã§ããè¾ã ãã¶ãããÀãè ãã ¹ãÆããèãÀ¥ã ãÀ¶ãã ¦ãããäã ¾ãÖ Ôãìãä¶ããäÍÞã¦ã l Overseeing of the companys financial ãäã¾ãã ãã Ôããñ ãäã ãäÌã§ããè¾ã ãäÌãÌãÀ¥ã ÔãÖãè, ¹ãƾããù¦ã ¦ã©ãã ãäÌãÍÌãÔã¶ããè¾ã reporting process and the disclosure of its Öõ ý financial information to ensure that the financial statements are correct, sufficient and credible. l ÊãñãããÀ¥ã ¶ããèãä¦ã¾ããò Ìã ããÞãÀ¥ããò ¹ãÀ ããñÀ ªñ¦ãñ Öí, ÊãñãããÀ¥ã
½ãã¶ãããò ãã ã¶ãì¹ããÊã¶ã ããõÀ 㶾ã ãã¶ãî¶ããè ãÂÀ¦ããò ããñ ¹ãîÀã l Reviewing with the Management the financial ãÀ¦ãñ Öí ãäÌã§ããè¾ã ãäÌãÌãÀ¥ããò ãã ¹ãì¶ãÀãèàã¥ã ãÀ¶ãñ ãñ Ôãã©ã ãäÌ㦦ããè¾ã statements with special emphasis on ãäÌãÌãÀ¥ããò ãñ ¹ãƺãâ£ã¶ã ããè Ôã½ããèàãã ý accounting policies and practices, compliance of accounting standards and ã㶦ããäÀã ãä¶ã¾ãâ¨ã¥ã ¹ãÆ¥ããÊããè ããè ¹ã¾ããù¦ã¦ãã ããè Ôã½ããèàãã ¹ãƺãâ£ã¶ã, other legal requirements concerning the l financial statements. ºããÖÀãè Ìãâ ããâ¦ããäÀã Êãñãã ¹ãÀãèàãããò ãñ Ôãã©ã ãÀ¶ãã ý l Reviewing with the Management, external and l ½ãÖ¦Ìã¹ãî¥ãà ÔÌã¹ã ãñ ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ã ¹ãÆ¥ããÊããè ããè ãäÌã¹ãÊã¦ãã internal auditors, the adequacy of internal ¾ãã ããä¶ã¾ããä½ã¦ã¦ãã ¾ãã £ããñãã£ãü¡ãè Ôãâºãâ£ããè ÔãâªñÖ㦽ãã ½ãã½ãÊããò ½ãò control systems.
ããâ¦ããäÀã Êãñãã¹ãÀãèàãããò ´ãÀã ããè Øãà ããâ¦ããäÀã ããúÞã ãñ ¹ããäÀ¥ãã½ããò l Reviewing the findings of any internal ãã ¹ãì¶ãÀãèàã¥ã ãÀ ½ãã½ãÊãñ ããñ ºããñ¡Ã ããñ ãäÀ¹ããñà ãÀ¶ããý investigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal control l Êãñãã-¹ãÀãèàãã ÍãìÁ Öãñ¶ãñ Ôãñ ¹ãÖÊãñ Êãñãã-¹ãÀãèàãã ãã ÔÌã¹ã ããõÀ ãäÌãÔ¦ããÀ ãñ ºããÀñ ½ãò ºããÖÀãè Êãñãã ¹ãÀãèàãããò ãñ Ôãã©ã ÞãÞããà ãÀ¶ãñ ãñ systems of a material nature and reporting the matter to the Board. Ôãã©ã-Ôãã©ã Êãñãã-¹ãÀãèàãã ãñ ºã㪠ãäãÔããè ãäÞãâ¦ããã¶ãã àãñ¨ã ãã ¹ã¦ãã ÊãØãã¶ãñ ãñ ãäÊã ÞãÞããà ãÀ¶ãã ý l Discussing with external auditors before the commencement of audit the nature and scope ãâ¹ã¶ããè ããè ãäÌã§ããè¾ã ¦ã©ãã ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã¾ããò ããè Ôã½ããèàãã of audit as well as having post audit l discussion to ascertain any area of concern. ãÀ¶ãã ý l Reviewing the companys Financial and Risk Management Policies.
43 ÌãÓãà ãñ ªãõÀã¶ã Ôããä½ããä¦ã ã䪶ããâã 06.04.2009, 04.05.2009, The committee met 10 times during the year on 29.07.2009, 26.08.2009, 19.09.2009, 29.10.2009, 06.04.2009, 04.05.2009, 29.07.2009, 26.08.2009, 19.09.2009, 29.10.2009, 05.12.2009, 15.12.2009, 05.12.2009, 15.12.2009, 28.01.2010 Ìãâ 24.02.2010 28.01.2010 and 24.02.2010. ããñ 10 ºããÀ ãä½ãÊããèý All the meetings were conducted with proper Ôã¼ããè ºãõãò ãäÞã¦ã ¹ããñÀ½ã ãñ Ôãã©ã Ô©ããäØã¦ã ãäã ºãØãõÀ ãã¾ããñãäã¦ã ããè quorum and without any adjournments. ØãÃâý The members who held office during the period ã䪶ããâã 01.04.2009 Ôãñ 31.03.2010 ¦ãã ããè ãÌããä£ã ãñ ªãõÀã¶ã 01.04.2009 to 31.03.2010 and the particulars of the number of meetings attended by them during Ôããä½ããä¦ã ããè ºãõããò ãñ º¾ããõÀñ ããõÀ ¹ãƦ¾ãñã ÔãªÔ¾ã ´ãÀã Ôããñ ãã¾ãÃããÊã the year are as under: ãñ ªãõÀã¶ã ºãõããò ½ãò ¹ããäÔ©ããä¦ã ããè Ôãâ¾ãã ãä¶ã½¶ããäÊããäã¦ã Öõý Sl. Name of Director Position Tenure of membership Number of ã. Ôãâ. ãä¶ãªñÍãã ãã ¶ãã½ã ¹ãª ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò No. From To Meetings attended Ôãñ ¦ãã ¹ããäÔ©ããä¦ã 1Ñããè ½ã.ÀÌããé³ ãäÌãã½ã 㣾ãàã 08.12.2007 10.10.2009 04/05 1. Shri M. Ravindra Vikram Chairman 08.12.2007 10.10.2009 04/05 2 Shri G. Narayanan Member 07.11.2007 31.10.2009 06/06 2 Ñããè ããè ¶ããÀã¾ã¥ã¶ã ÔãªÔ¾ã 07.11.2007 31.10.2009 06/06 3 Shri Y L Madan Member 16.05.2008 09/10 3 Ñããè Ìããà Êã ½ãªã¶ã ÔãªÔ¾ã 16.05.2008 09/10 4 Smt. Nupur Mitra Member 07.12.2009 03/03 4 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã ÔãªÔ¾ã 07.12.2009 03/03 5. Dr. Vinita Kumar Member 10.06.2008 09/10 5 ¡ãù.ãäÌã¶ããè¦ãã ãì½ããÀ ÔãªÔ¾ã 10.06.2008 09/10 6. Smt. Chitra Chandramouliswaran Member 27.02.2007 09/10 6 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã ÔãªÔ¾ã 27.02.2007 09/10 7. Shri A Vellayan Member 09.12.2008 08.12.2010 02/10 7 Ñããè . ÌãñÊÊãõ¾ã¶ã ÔãªÔ¾ã 09.12.2008 08.12.2010 02/10 8. Shri B.V. Appa Rao Member/ 11.10.2009 28.08.2011 05/05 8 Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã Ôããèºããè ããè 11.10.2009 28.08.201105/05 Chairman ¹ãƦ¾ãñã ºãõã elect at each ½ãò ãä¶ãÌããÃãäÞã¦ã meeting of ACB ÔãªÔ¾ã/ 㣾ãàã
l 3.3 Risk Management Committee: 3.3 ããñãäã½ã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã l The Chairman of the committee is the CMD of Ôã Ôããä½ããä¦ã ãñ 㣾ãàã ºãöã ãñ ã.Ìã.¹ãÆ.ãä¶ã Ööý Ôããä½ããä¦ã 1.4.2009 the Bank. The committee met 6 times during Ôãñ 31.3.2010 ãñ ºããèÞã 6 ºããÀ ãä½ãÊããèý ¹ãƦ¾ãñã ÔãªÔ¾ã ´ãÀã ºãõããò ½ãò the period 01.04.2009 to 31.03.2010. Number of Meetings attended by each Committee Member ¹ããäÔ©ããä¦ã ãñ º¾ããõÀñ ãä¶ã½¶ãÌã¦ã Öö: during the year:
ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò Sl. Name of Director Tenure of membership Number of Ôãñ ¦ãã ¹ããäÔ©ããä¦ã No. From To Meetings attended 1Ñããè Ôã. . ¼ã 04.06.2007 6/6 1. Shri S. A. Bhat 04.06.2007 6 / 6 2 Ñããè ããè. ¶ããÀã¾ã¥ã¶ã 01.12.2007 31.10.2009 3/3 2. Shri G. Narayanan 01.12.2007 31.10.2009 3 / 3 3 Ñããè ÌããÃ.Êã.½ãªã¶ã 16.05.2008 4/6 3. Shri Y L Madan 16.05.2008 4 / 6 4 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã 07.12.2009 3/3 4. Smt. Nupur Mitra 07.12.2009 3 / 3 5 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 27.02.2007 6/6 5. Smt. Chitra Chandramouliswaran 27.02.2007 6 / 6 6 Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã 08.12.2008 6/6 6. Shri B V Appa Rao 08.12.2008 6 / 6
l 3.4 Committee For Monitoring Large Value l 3.4 ºãü¡ãè ½ãîʾãÌããÊããè £ããñãã£ãã䡾ããò ãñ ãäÊã ¹ãƺããñ£ã¶ã Ôãâºãâ£ããè Ôããä½ããä¦ã Frauds: The Chairman of the committee is the CMD of Ôããä½ããä¦ã ãñ 㣾ãàã ºãöã ãñ ã.Ìã.¹ãÆ.ãä¶ã. Ööý Ôããä½ããä¦ã 01.04.2009 the Bank. The committee met once during the Ôãñ 31.03.2010 ããè ãÌããä£ã ãñ ªãõÀã¶ã ã ºããÀ ãä½ãÊããèý ÌãÓãà ãñ period 01.04.2009 to 31.03.2010. Number of ªãõÀã¶ã Ôããä½ããä¦ã ãñ ¹ãƦ¾ãñã ÔãªÔ¾ã ´ãÀã ¼ããØã ãäÊã ºãõããò ããè Ôãâ¾ãã ý meetings attended by each member of the committee during the year:
44 ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò Sl. Name of Director Tenure of membership Number of Ôãñ ¦ãã ¹ããäÔ©ããä¦ã No. From To Meetings attended 1Ñããè Ôã.. ¼ã 04.06.2007 1/1 1. Shri S. A . Bhat 04.06.2007 1 / 1 2 Ñããè ÌããÃ.Êã.½ãªã¶ã 29.11.2008 1/1 2. Shri Y L Madan 29.11.2008 1 / 1 3 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã 07.12.2009 1/1 3. Smt. Nupur Mitra 07.12.2009 1 / 1 4 ¡ãù.ãäÌã¶ããè¦ãã ãì½ããÀ 10.06.2008 1/1 4. Dr. Vinita Kumar 10.06.2008 1 / 1 5 Ñããè. .ãñ. ¼ããØãÃÌã 29.11.2009 1/1 5. Shri A.K. Bhargava 29.11.2009 1 / 1
6 Ñããè . ÌãñÊÊãõ¾ã¶ã 29.11.2009 0/1 6 Shri A Vellayan 29.11.2009 0 / 1
3.5 ØãÆãÖã ÔãñÌãã Ôããä½ããä¦ã l 3.5 Customer Service Committee: Ôããä½ããä¦ã ãñ 㣾ãàã ºãöã ãñ ã.Ìã.¹ãÆ.ãä¶ã. Ööý 01.04.2009 Ôãñ The Chairman of the committee is the CMD of the Bank. The committee met 3 times during 31.03.210 ããè ãÌããä£ã ãñ ªãõÀã¶ã Ôããä½ããä¦ã 3 ºããÀ ãä½ãÊããè ý ÌãÓãà ãñ the period 01.04.2009 to 31.03.2010. Number of ªãõÀã¶ã Ôããä½ããä¦ã ãñ ¹ãƦ¾ãñã ÔãªÔ¾ã ´ãÀã ¼ããØã ãäÊã ºãõããò ããè Ôãâ¾ãã : meetings attended by each member of the committee during the year: ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò Ôãñ ¦ãã ¹ããäÔ©ããä¦ã Sl. Name of Director Tenure of membership Number of No. From To Meetings 1Ñããè Ôã. . ¼ã 04.06.2007 3/3 attended 2 Ñããè ããè. ¶ããÀã¾ã¥ã¶ã 02.01.2008 31.10.2009 2/2 1. Shri S. A. Bhat 04.06.2007 3 / 3 3 Ñããè ÌããÃ. Êã. ½ãªã¶ã 16.05.2008 3/3 2. Shri G. Narayanan 02.01.2008 31.10.2009 2 / 2 4 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã 07.12.2009 1/1 3. Shri Y L Madan 16.05.2008 3/ 3 5 ¡ãù. ãäÌããä¶ã¦ãã ãì½ããÀ 10.06.2008 2/3 4. Smt. Nupur Mitra 07.12.2009 1 / 1 5. Dr. Vinita Kumar 10.06.2008 2/ 3 6 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 27.02.2007 3/3 6. Smt. Chitra Chandramouliswaran 27.02.2007 3 / 3 7 Ñããè ¶ã. Ñããè£ãÀ¶ã 20.04.2007 3/3 7. Shri N. Sridaran 20.04.2007 3 / 3 8 Ñããè ãñ. ¡ãè. Íã½ããà 09.03.2006 25.09.2009 2/2 8. Shri J.D. Sharma 09.03.2006 25.09.2009 2 / 2 9 Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã 30.01.2009 3/3 9. Shri B V Appa Rao 30.01.2009 3/ 3 3.6 Committee For Review Of Disciplinary l 3.6 ã¶ãìÍããÔããä¶ãã ½ãã½ãÊããò ããè Ôã½ããèàãã Öñ¦ãì l Ôããä½ããä¦ã Cases: The Chairman of the committee is the CMD of Ôããä½ããä¦ã ãñ 㣾ãàã ºãöã ãñ ã.Ìã.¹ãÆ.ãä¶ã. Ööý 01.04.2009 the Bank. The committee met 4 times during Ôãñ 31.03.2010 ããè ãÌããä£ã ãñ ªãõÀã¶ã Ôããä½ããä¦ã 4 ºããÀ ãä½ãÊããè the period 01.04.2009 to 31.03.2010. Number ý ÌãÓãà ãñ ªãõÀã¶ã Ôããä½ããä¦ã ãñ ¹ãƦ¾ãñã ÔãªÔ¾ã ´ãÀã ¼ããØã ãäÊã of meetings attended by each member of the ºãõããò ããè Ôãâ¾ãã : committee during the year: ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò Sl. Name of Director Tenure of membership Number of Ôãñ ¦ãã ¹ããäÔ©ããä¦ã No. From To Meetings attended 1Ñããè Ôã. . ¼ã 04.06.2007 4/4 1. Shri S. A. Bhat 04.06.2007 4 / 4
2 Ñããè ããè. ¶ããÀã¾ã¥ã¶ã 01.12.2007 31.10.2009 2/2 2. Shri G. Narayanan 01.12.2007 31.10.2009 2 / 2
3 Ñããè ÌããÃ. Êã. ½ãªã¶ã 16.05.2008 4/4 3. Shri Y L Madan 16.05.2008 4 / 4
4 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã 07.12.2009 2/2 4. Smt. Nupur Mitra 07.12.2009 2 / 2
5 ¡ãù. ãäÌããä¶ã¦ãã ãì½ããÀ 10.06.2008 3/4 5. Dr. Vinita Kumar 10.06.2008 3/ 4
6 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 27.02.2007 4/4 6. Smt. Chitra Chandramouliswaran 27.02.2007 4 / 4
45 l 3.7 Ôãâ¹ããÃã¦ããà ãã¦ããò ããè Ô©ãã¹ã¶ãã ãñ ãäÊã l 3.7 Committee For Establishment Of Ôããä½ããä¦ã Correspondent Accounts: Ôããä½ããä¦ã ãñ 㣾ãàã ºãöã ãñ ã.Ìã.¹ãÆ.ãä¶ã. Ööý 01.04.2009 Ôãñ The Chairman of the committee is the CMD of the Bank. The committee met 2 times during 31.03.2010 ããè ãÌããä£ã ãñ ªãõÀã¶ã Ôããä½ããä¦ã 2 ºããÀ ãä½ãÊããè ý ÌãÓãà ãñ the period 01.04.2009 to 31.03.2010. Number of ªãõÀã¶ã Ôããä½ããä¦ã ãñ ¹ãƦ¾ãñã ÔãªÔ¾ã ´ãÀã ¼ããØã ãäÊã ºãõããò ããè Ôãâ¾ãã : meetings attended by each member of the committee during the year: ã.Ôãâ.ãù ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò Ôãñ ¦ãã ¹ããäÔ©ããä¦ã Sl. Name of Director Tenure of membership Number of No. From To Meetings 1. Ñããè Ôã. . ¼ã 04.06.2007 2/2 attended 2. Ñããè ããè. ¶ããÀã¾ã¥ã¶ã 01.12.2007 31.10.2009 1/1 1. Shri S. A Bhat 04.06.2007 2 / 2 3. Ñããè ÌããÃ. Êã. ½ãªã¶ã 30.05.2008 2/2 2. Shri G. Narayanan 01.12.2007 31.10.2009 1 /1 4. Ñããè . ãñ. ¼ããØãÃÌã 09.12.2008 2/2 3. Shri Y L Madan 30.05.2008 2 / 2 5. Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã 09.12.2008 2/2 4. Shri A.K. Bhargava 09.12.2008 2 / 2 5. Shri B V Appa Rao 09.12.2008 2 / 2 l 3.8 ¹ãããäÀÑããä½ãã Ôããä½ããä¦ã l 3.8 REMUNERATION COMMITTEE: ºãöã ãñ ¹ãî¥ãÃãããäÊãã ãä¶ãªñÍãããò ããñ ªñ¾ã ¹ãããäÀÑããä½ãã (ãã¾ãÃ-ãä¶ãÓ¹ã㪶ã Ôãñ Remuneration (excluding performance linked ãüì¡ñ ¹ãÆãñ¦ÔããÖ¶ã ããñ ãñü¡ãÀ) ãñ ºããÀñ ½ãò ãò³ ÔãÀããÀ ´ãÀã ãä¶ã¥ãþã incentive) payable to the whole time directors is ãäÊã¾ãã ãã¦ãã Öõý ºãöã ãñ 㶾ã ãä¶ãªñÍãããò ããñ ãò³ ÔãÀããÀ ãñ ãä¶ãªóÍããò ãñ decided by the Central Government. The Bank ½ãì¦ãããäºãã ºãöã ãñ ÍãìÊã ãñ ãÊããÌãã ºãöã ´ãÀã ããñà 㶾㠹ãããäÀÑããä½ãã does not pay any remuneration to other directors ¶ãÖãé ã䪾ãã ãã¦ãã Öõý except sitting fees as per directives of Central Government. ¼ããÀ¦ã ÔãÀããÀ, ãäÌ㦦㠽ãâ¨ããÊã¾ã (ºãöãäãâØã ¹ãƼããØã) ¹ã¨ã ¹ã.Ôãâ.20/01/ A Remuneration Committee, a Sub-Committee of the 2005-ºããèããñ-1, ã䪶ããâã 09.03.2007 ãñ ã¶ãìÔããÀ ¼ããÀ¦ã ÔãÀããÀ Board of Directors, has been constituted for evaluating ãñ ãäªÍãã-ãä¶ãªóÍãã¶ãìÔããÀ ºãöã ãñ ¹ãî¥ãà ãããäÊãã ãä¶ãªñÍãããñâ ããñ ÔãÀããÀãè the performance in terms of government guidelines ãäªÍãã-ãä¶ãªóÍããò ãñ ã¶ãì¹ã ãä¶ãÓ¹ã㪶ã ãã ½ãîʾããâã¶ã Ìãâ ãã¾ãÃ-ãä¶ãÓ¹ã㪶ã and to recommend payment of performance-linked incentives to the whole time directors of the Bank, ¹ãÆãñ¦ÔããÖ¶ã ãã ¼ãìØã¦ãã¶ã ãÀ¶ãñ ããè ãäÔã¹ãããäÀÍã ãÀ¶ãñ Öñ¦ãì ãä¶ãªñÍãã ½ãâ¡Êã in terms of Government of India, Ministry of Finance ããè ¹ã Ôããä½ããä¦ã ¹ãããäÀÑããä½ãã Ôããä½ããä¦ã Øããä¦ã ããè Øãà Öõý (Banking Division) letter F. No. 20 / 1 / 2005 BO- I dated 09.03.2007. Ôããä½ããä¦ã ãñ ÔãªÔ¾ã ãä¶ã½¶ã ¹ãÆããÀ Öö : The members of the Committee are :- 1. Ñããè ½ã.ÀÌãã足 ãäÌãã½ã - 㣾ãàã 1. Shri M Ravindra Vikram Chairman 2. ¡ãù. ãäÌã¶ããè¦ãã ãì½ããÀ 2. Dr. Vinita Kumar 3. Ñããè½ã¦ããè. ãäÞã¨ãã Þ㶳½ããõÊããèÍÌãÀ¶ã 3. Smt. Chitra Chandramouliswaran 4. Ñããè . ãñ. ¼ããØãÃÌã 4. Shri A.K. Bhargava Ôããä½ããä¦ã ã䪶ããâã 04.05.2009 ããñ ã ºããÀ ãä½ãÊããè ããõÀ Ôããä½ããä¦ã ãñ The Committee met once on 04.05.2009 and all Ôã¼ããè ÔãªÔ¾ããò ¶ãñ ºãõã ½ãò ¼ããØã ãäÊã¾ãã ý members of the Committee have attended the meeting. l 3.9 ¶ãã½ããâã¶ã Ôããä½ããä¦ã l 3.9 NOMINATION COMMITTEE : ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ¶ãñ ã¹ã¶ãñ ¹ããäÀ¹ã¨ã Ôã⪼ãà ¡ãèºããèããñ¡ãè Ôãâ. ºããè Ôããè RBI, vide circular ref: DBOD. No. BC. No.47 / Ôãâ.47 / 29.39.001 / 2007-08 ã䪶ããâã 01.11.2007 ½ãò ã䪶ããâã 29.39.001 / 2007-08 dated 01 11 2007, pursuant 16.10.2006 Ôãñ ¹ãƼããÌããè ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãñ ããä£ãØãÆÖ¥ã to the amendment in The Banking Companies ¦ã©ãã ãâ¦ãÀ¥ã) ããä£ããä¶ã¾ã½ã 1970 ½ãò Öì ÔãâÍããñ£ã¶ã ãñ ã¶ãìÔããÀ ãä¶ãªñÍãããò (Acquisition and Transfer of Undertakings) Act, 1970 effective 16.10.2006, has issued necessary ããè ãä¶ã¾ãìãäã¦ã ãÀ¦ãñ Ôã½ã¾ã ¾ããñؾ㠦ã©ãã ãäÞã¦ã ÖõãäÔã¾ã¦ã ãããäª ãä¶ã¥ãþã guidelines for determining the authority, manner/ Êãñ¶ãñ ãñ ¹ãÆããä£ãããÀ, ¹ã®ãä¦ã / ãã¾ãÃãäÌããä£ã ¦ã©ãã ½ããâ¶ãª¥¡-ãñ ãä¶ã£ããÃÀ¥ã ãñ procedure and criteria for deciding the Fit and ãäÊã ããÌã;ãã ãäªÍããä¶ãªóÍã ãäª Ööý Proper status etc., while appointing the Directors.
46 ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãõâã ¶ãñ ãºã ãä¶ãªñÍã ã䪾ãã Öõ ãäã ¾ããñؾ㠦ã©ãã ãäÞã¦ã RBI has directed that the Fit and Proper criteria, ½ãã¶ãª¥¡ ããñ ãºã Ôãñ Þãì¶ãñ Øã ãä¶ãªñÍãããò (Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã) - as of now, be made applicable to the elected directors (Shareholder directors) both present ªãñ¶ããò Ìã¦ãýãã¶ã ¦ã©ãã ¼ããäÌãӾ㠽ãò ¼ããè ÊããØãî ãäã¾ãã ããý and future. Ôããä½ããä¦ã ãäÞã¦ã Ôã½ã¾ã ¹ãÀ Øããä¦ã ããè ããØããèý The committee would be constituted at an appropriate time. 4. Íãñ¾ãÀ£ããÀããò ããè Ôããä½ããä¦ã¾ããú 4. SHAREHOLDERS COMMITTEES: ã. Íãñ¾ãÀ£ããÀã ãäÍããã¾ã¦ã Ôããä½ããä¦ã a. Shareholders Grievance Committee: ã䪶ããâã 25.11.2008 ããñ ãã¾ããñãäã¦ã ÆÃããè½ã ½ãò Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãããò The Shareholders Grievance Committee, ãñ Þãì¶ããÌã ãñ ºã㪠ã¹ãÆõÊã 2001 ããñ Øããä¦ã Íãñ¾ãÀ£ããÀããò ããè ãäÍããã¾ã¦ã constituted in April 2001, was last reconstituted Ôããä½ããä¦ã ãã ãâãä¦ã½ã ºããÀ ¹ãì¶ãØãöã ãä¶ãªñÍãã ½ãâ¡Êã ¶ãñ Ôã½ããèàãã£ããè¶ã ÌãÓãà by the Board on 29.12.2008, consequent to the ãñ ªãõÀã¶ã ã䪶ããâã 29.12.2008 ããñ ãäã¾ããý election of Shareholder Directors at the EGM held on 25.11.2008. ã¼ããè Ôããä½ããä¦ã ãñ 㣾ãàã Ñããè .ÌãñÊÊã¾ã¶ã Öö ããõÀ 㶾ã ÔãªÔ¾ã ãä¶ãªñÍãã ½ãâ¡Êã ´ãÀã ¶ãããä½ã¦ã ªãñ ãä¶ãªñÍãã Öö ý 01.04.2009 Ôãñ 31.03.2010 At present, the Chairman of the Committee is Shri A Vellayan and the other members are two ¦ãã ããè ãÌããä£ã ãñ ªãõÀã¶ã Ôããä½ããä¦ã 4 ºããÀ ãä½ãÊããèý Ôã¼ããè ºãõãò ãäÞã¦ã directors nominated by the Board. The committee ããñÀ½ã ãñ Ôãã©ã Ô©ããäØã¦ã ãäã ºãØãõÀ ãã¾ããñãäã¦ã ããè ØãÄý Ôããä½ããä¦ã ãñ met 4 times during the period 01.04.2009 to ¹ãƦ¾ãñã ÔãªÔ¾ã ´ãÀã ºãõããò ½ãò ¹ããäÔ©ããä¦ã ãñ º¾ããõÀñ ãä¶ã½¶ãÌã¦ã Öö- 31.03.2010. All the meetings were conducted with proper quorum and without any adjournments. ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò The number of meetings attended by each Ôãñ ¦ãã ¹ããäÔ©ããä¦ã committee member during the year is as follows: 1. Ñããè .ÌãñÊÊã¾ã¶ã 08.12.2008 2/4 Sl. Name of Director Tenure of membership Number of 2. Ñããè ããè.¶ããÀã¾ã¥ã¶ã 01.04.2008 31.10.2009 2/2 No. From To Meetings attended 3. Ñããè ÌããÃ.Êã.½ãªã¶ã* 29.05.2008 1/1 1. Shri A.Vellayan 08.12.2008 2/4 4. Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã** 07.12.2009 1/1 2. Shri G Narayanan 01.04.2008 31.10.2009 2/2 5. ¡ãù.ãäÞãÀâããèºã Ôãñ¶ã 08.12.2008 3/4 3. Shri Y L Madan* 29.05.2008 1/1 4. Smt. Nupur Mitra** 07.12.2009 1/1 * Ñããè ããè. ¶ããÀã¾ã¥ã¶ã, ãã¾ãùããÊãã ãä¶ãªñÍãã ´ãÀã Íãñ¾ãÀ£ããÀããò ããè 5. Dr. Chiranjib Sen 08.12.2008 3/4 ãäÍããã¾ã¦ã Ôããä½ããä¦ã ããè ºãõã ½ãò ã¶ãì¹ããäÔ©ã¦ã ÀÖ¶ãñ ¾ãã ¼ããØã Êãñ¶ãñ ½ãò ãÔã½ã©ãà Öãñ¶ãñ ¹ãÀ Ôããä½ããä¦ã ãñ ÔãªÔ¾ã ãñ ¹㠽ãò ¼ããØã Êãñ¶ãñ Öñ¦ãì ãä¶ã¾ãìã¦ã * Appointed to attend meetings as a member of the Shareholders Grievance Committee In the ãäã¾ãã Øã¾ããý absence or inability of Shri G Narayanan, ED to ** Ñããè ÌããÃ.Êã.½ãªã¶ã, ãã¾ãùããÊãã ãä¶ãªñÍãã ´ãÀã Íãñ¾ãÀ£ããÀããò ããè attend meetings. ãäÍããã¾ã¦ã Ôããä½ããä¦ã ããè ºãõã ½ãò ã¶ãì¹ããäÔ©ã¦ã ÀÖ¶ãñ ¾ãã ¼ããØã Êãñ¶ãñ ½ãò ** Appointed to attend meetings as a member ãÔã½ã©ãà Öãñ¶ãñ ¹ãÀ Íãñ¾ãÀ£ããÀããò ããè ãäÍããã¾ã¦ã Ôããä½ããä¦ã ãñ ÔãªÔ¾ã ãñ ¹ã of the Shareholders Grievance Committee in the absence or inability of Shri Y.L.Madan, ED to ½ãò ¼ããØã Êãñ¶ãñ Öñ¦ãì ãä¶ã¾ãìã¦ã ãäã¾ãã Øã¾ããý attend meetings. Íãñ¾ãÀ£ããÀã ãäÍããã¾ã¦ã Ìã ¶ããñ ãä¶ãÌããÀ¥ã Ôãâºãâ£ããè ¹ãÆ¥ããÊããè ãããäª ½ãò The Shareholders Grievance Committee ÀãäãÔÈãÀ ãñ ãã¾ããÃÊã¾ã ½ãò ã¹ã¶ããà ãã¶ãñÌããÊããè ¹ã®ãä¦ã ãã ããÌããä£ãã appointed a Practicing Company Secretary, Shri ãâ¦ãÀãÊããò ½ãò ããúÞã ãÀ¶ãñ ãñ ãäÊã ÔãããäÞããäÌãã Êãñãã ¹ãÀãèàãã ãÀ¶ãñ ãñ V Suresh, to undertake the Secretarial Audit in ãäÊã Íãñ¾ãÀ£ããÀã ãäÍããã¾ã¦ã Ôããä½ããä¦ã ¶ãñ Ñããè Ìããè. ÔãìÀñÍã, ãã¾ãÃÀ¦ã ãâ¹ã¶ããè the office of the Registrar, at periodical intervals to verify the methodology followed by them ÔããäÞãÌã ããè ãä¶ã¾ãìãä§ã ããèý Ôããä½ããä¦ã ããè ¹ãƦ¾ãñã ºãõã ½ãò ¶ãããè ãä¦ã½ããÖãè involving Shareholders Grievances & Redressal ãäÀ¹ããñãô ¹ãÀ ãäÌãÞããÀ ãäã¾ãã Øã¾ãã Öõý system etc. The committee considers his quarterly reports at every meeting. ã. Íãñ¾ãÀ ãâ¦ãÀ¥ã Ôããä½ããä¦ã b. Share Transfer Committee: Íãñ¾ãÀ ãâ¦ãÀ¥ã Ôããä½ããä¦ã ½ãò 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã ¾ãã ¶ãããè ã¶ãì¹ããäÔ©ããä¦ã ½ãò ãã¾ãùããÊãã ãä¶ãªñÍãã, Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã ããõÀ ½ãâ¡Êã Share Transfer Committee consists of the Chairman and Managing Director or in his absence the
47 ´ãÀã ¶ãããä½ã¦ã ã ãä¶ãªñÍãã Ööý Ôããä½ããä¦ã Íãñ¾ãÀ ãâ¦ãÀ¥ã, ÈãâÔããä½ãÍã¶ã, Executive Director, one shareholder Director and ¡îãä¹Êããñ Íãñ¾ãÀ ¹ãƽãã¥ã ¹ã¨ããò ããñ ãä¶ãØãæã ãÀ¶ãñ, ÈãâÔã¹ããñãäÔãÍã¶ã, ¡ãè one Director nominated by the Board. The committee deals with all matters connected with ½ãñ/ Àãè½ãñ ãããäª ããñ Ôãâ¼ããÊã¦ããè Öõý Ôããä½ããä¦ã ÌãÓãà ãñ ªãõÀã¶ã 23 ºããÀ share transfers, transmission, issue of duplicate ãä½ãÊããè ããõÀ ºãõãò ãäÞã¦ã ããñÀ½ã ãñ Ôãã©ã Ô©ããäØã¦ã ãäã ºãØãõÀ ãã¾ããñãäã¦ã share certificates, transposition, demat / remat ããè ØãÃý etc., The committee met 23 times during the year and all the meetings were conducted with proper ÌãÓãà ãñ ªãõÀã¶ã Ôããä½ããä¦ã ãñ ¹ãƦ¾ãñã ÔãªÔ¾ã ´ãÀã ºãõããò ½ãò ¹ããäÔ©ããä¦ã ãñ quorum and without any adjournments. º¾ããõÀñ ãä¶ã½¶ãÌã¦ã Öö- The number of meetings attended by each ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ¼ããØã ãäÊã committee member during the year is as under: Ôãñ ¦ãã ºãõããò ããè Ôãâ. Sl. Name of Director Tenure of membership Number of 1. Ñããè ããè.¶ããÀã¾ã¥ã¶ã 01.04.2008 31.10.2009 11/11 No. From To Meetings attended 2. Ñããè ÌããÃ.Êã.½ãªã¶ã* 29.05.2008 11/11 1 Shri G Narayanan 01.04.2008 31.10.2009 11 / 11 3. Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã** 07.12.2009 01/01 2 Shri Y L Madan * 29.05.2008 11/ 11 4. Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 29.10.2009 29.03.2010 10/10 3 Smt. Nupur Mitra** 07.12.2009 01/ 01 5. Ñããè .ÌãñÊÊã¾ã¶ã 08.12.2008 04.05.2009 02/02 4 Smt Chitra Chandramouliswaran 29.10.2009 29.03.2010 10 / 10 6. Ñããè ãñ.¡ãè.Íã½ããà 09.03.2006 25.09.2009 09/10 5 Shri A Vellayan 08.12.2008 04.05.2009 02 / 02 7 ¡ãù.ãäÞãÀâããèºã Ôãñ¶ã 04.05.2009 16/21 6 Shri J. D. Sharma 09.03.2006 25.09.2009 09 / 10 8 Ñããè ãñ. ãã¶ã¶ª ãì½ããÀ 30.03.2010 01/01 7 Dr. Chiranjib Sen 04.05.2009 16 / 21 8 Shri K. Ananda Kumar 30.03.2010 01 / 01 * ã. Ìã. ¹ãÆ. ãä¶ã. ¾ãã Ñããè ããè. ¶ããÀã¾ã¥ã¶ã, ãã¾ãùããÊãã ãä¶ãªñÍãã *Appointed to act as Chairman of the Share ´ãÀã ºãõã ½ãò ã¶ãì¹ããäÔ©ã¦ã ÀÖ¶ãñ ¾ãã ¼ããØã Êãñ¶ãñ ½ãò ãÔã½ã©ãà Öãñ¶ãñ ¹ãÀ Transfer Committee In the absence or inability Íãñ¾ãÀ ãâ¦ãÀ¥ã Ôããä½ããä¦ã ããè 㣾ãàã¦ãã ãÀ¶ãñ Öñ¦ãì ãä¶ã¾ãìã¦ã ãäã¾ãã of CMD or Shri G Narayanan, ED to attend Øã¾ããý meetings. **ã. Ìã. ¹ãÆ. ãä¶ã. ¾ãã Ñããè ÌããÃ.Êã.½ãªã¶ã, ãã¾ãùããÊãã ãä¶ãªñÍãã **Appointed to act as Chairman of the Share ´ãÀã ºãõã ½ãò ã¶ãì¹ããäÔ©ã¦ã ÀÖ¶ãñ ¾ãã ¼ããØã Êãñ¶ãñ ½ãò ãÔã½ã©ãà Öãñ¶ãñ ¹ãÀ Transfer Committee In the absence or inability of Shri.Y.L.Madan, ED to attend meetings. Íãñ¾ãÀ ãâ¦ãÀ¥ã Ôããä½ããä¦ã ããè 㣾ãàã¦ãã ãÀ¶ãñ Öñ¦ãì ãä¶ã¾ãìã¦ã ãäã¾ãã Øã¾ããý The Share Transfer Committee appointed a Practicing Company Secretary, Shri V. Suresh, Íãñ¾ãÀ ãâ¦ãÀ¥ã Ôããä½ããä¦ã ¶ãñ Íãñ¾ãÀ ãâ¦ãÀ¥ã, ÈãâÔããä½ãÍã¶ã, Ôã½ãñã¶ã, to undertake the Secretarial Audit in the office ãäÔ¹Êã, ¡îãä¹Êããñ ¹ãƽãã¥ã¹ã¨ã ããÀãè ãÀ¶ãã ãããäª ãñ Ôãâºãâ£ã ½ãò of the Registrar, to verify the methodology ã¹ã¶ããà Øãà ¹ã®ãä¦ã ããè ããúÞã ãÀ¶ãñ ãñ ãäÊã ÀãäãÔÈãÀ ãñ ãã¾ããÃÊã¾ã followed by them involving share transfer, transmission, consolidation, split, issue of ½ãò ÔãããäÞããäÌãã Êãñãã¹ãÀãèàãã ãÀ¶ãñ ãñ ãäÊã ãã¾ãÃÀ¦ã ãâ¹ã¶ããè ÔããäÞãÌã duplicate certificates etc., His assignment Ñããè Ìããè. ÔãìÀñÍã ããñ ãä¶ã¾ãì§ã ãäã¾ããý ¶ããã ãã¾ãà 01.01.2005 Ôãñ commenced on 01.01.2005 and his fortnightly ããÀâ¼ã Öìãã ããõÀ ¶ãããè ¹ãããäàãã ãäÀ¹ããñà ¹ãÀ Ôããä½ããä¦ã ããè ÖÀ ºãõã reports are considered at every meeting of the ½ãò ãäÌãÞããÀ ãäã¾ãã Øã¾ãã ý ãâ¦ãÀ¥ã ãã ããñà ¼ããè ã¶ãìÀãñ£ã ã ½ããÖ Committee. No request for transfer is pending for more than one month. Ôãñ ããä£ãã Êãâãäºã¦ã ¶ãÖãé Öõý c. Compliance Officer : Øã. ã¶ãì¹ããÊã¶ã ããä£ãããÀãè : In terms of clause 47 of the listing agreement, ÔãîÞããèºã® ã¶ãìºãâ£ã ãñ 㥡 47 ãñ ã¶ãìÔããÀ Ñããè ãñ. Ôã춪À Àãã¶ã, ¹ã Shri K Sundar Rajan, Deputy General Manager ½ãÖã ¹ãƺãâ£ãã ¦ã©ãã ãâ¹ã¶ããè ÔããäÞãÌã, ¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã Ìãâ ãäÌããä¶ã½ã¾ã and Company Secretary is the Compliance Officer ºããñ¡Ã, Ôãùã ãÔÞãòã ãããäª ãñ ãäÌããä¼ã¸ã ¹ãÆãÌã£ãã¶ããò ãã ¹ããÊã¶ã ãÀ¶ãñ ãñ for the purpose of complying with the various provisions of SEBI, Stock Exchanges etc. ÿñ;ã Ôãñ ã¶ãì¹ããÊã¶ã ããä£ãããÀãè Öö ý
48 Üã. Íãñ¾ãÀ£ããÀããò ããè ãäÍããã¾ã¦ãò d. Shareholders Complaints : ÌãÓãà ãñ ªãõÀã¶ã ¹ãÆ㹦ã Ìã ªîÀ ããè Øãà ¦ã©ãã ãäÌãÞããÀã£ããè¶ã ãäÍããã¾ã¦ããò ããè Number of complaints received, resolved and Ôãâ¾ãã pending during the year: SL NATURE OF COMPLAINT PENDING RECEIVED REDRESSED PENDING ã.Ôãâ. ãäÍããã¾ã¦ã ããè ¹ãÆãðãä¦ã 01.04.2009 ¹ãÆ㹦ã ãä¶ã¹ããà Øã¾ããè ã䪶ããâã No. AS ON AS ON ¦ãã Êãâãäºã¦ã ãäÍããã¾ã¦ããò ãäÍããã¾ã¦ããò 31.03.2010 01.04.2009 31.03.2010 ããè Ôãâ¾ãã ããè Ôãâ¾ãã ¦ãã Êãâãäºã¦ã ãäÍããã¾ã¦ããò 01 Non receipt of refund ããè Ôãâ¾ãã order and Share certificates Nil 25 25 Nil 1. Ìãã¹ãÔããè ããªñÍã ããõÀ Íãñ¾ãÀ 02 Non receipt of Dividend Nil 1104 1104 Nil ¹ãƽãã¥ã ¹ã¨ã ¹ãÆ㹦㠶ã Öãñ¶ãã Íãã 25 25 Íãã 03 Complaints to SEBI / Stock Exchanges and 2. Êãã¼ããâÍã ¹ãÆ㹦㠶ã Öãñ¶ãã Íãã 1104 1104 Íãã Consumer Redressal Forum 01 30 31 Nil 3. Ôãñºããè / Ôãùã ãÔãÞãòããò ããõÀ 04 Miscellaneous (complaints ØãÆãÖã ãäÍããã¾ã¦ã ãä¶ãÌããÀ¥ã ¹ããñÀ½ã reg. change of address, ããè ãäÍããã¾ã¦ãò 0130 31 Íãã bank mandate, demat requests etc.) Nil 57 57 Nil 4. ãäÌããäÌã£ã (¹ã¦ãñ ½ãò ¹ããäÀÌã¦ãöã , Total 01 1216 1217 Nil ºãöã ããä£ãªñÍã , ¡ãè½ãõ ã¶ãìÀãñ£ã ãããäª Ôãñ Ôãâºãâãä£ã¦ã ãäÍããã¾ã¦ãò ) Íãã 57 57 Íãã e. In terms of clause 47(f) of the listing agreement ãìÊã 01 1216 1217 Íãã we have advised the shareholders that an exclusive e-mail ID - [email protected] has been ü¡ ÔãîÞããèºã® ãÀãÀ ãñ 㥡 47( ¹ã ) ãñ ã¶ãìÔããÀ Ö½ã¶ãñ Íãñ¾ãÀ£ããÀããñò allotted and our Deputy General Manager and ããñ ÔãîãäÞã¦ã ãäã¾ãã Öõ ãäã 㶾ã à ½ãñÊã ãã ¡ãè Company Secretary Shri K Sundar Rajan, is also the Compliance Officer for the purpose of registering and [email protected] ªãè Øãà Öõ ããõÀ Ö½ããÀñ ¹ã redressal of complaints by investors. We have ½ãÖã¹ãƺãâ£ãã ããõÀ ãâ¹ã¶ããè ÔããäÞãÌã Ñããè ãñ Ôã춪À Àãã¶ã ããñ ãä¶ãÌãñÍãããò ´ãÀã displayed this email ID and other relevant details ãäÍããã¾ã¦ããò ããñ ªãà ãÀ¶ãñ ããõÀ ãä¶ãÌããÀ¥ã ãÀ¶ãñ ãñ ãäÊã ãäÌãÍãñÓã ¹ã Ôãñ prominently on our website. The Investor Relations ã¶ãì¹ããÊã¶ã ããä£ãããÀãè ãñ ¹㠽ãñ ¼ããè ¶ãããä½ã¦ã ãäã¾ãã Øã¾ãã Öõ ý Ö½ã¶ãñ ¾ãÖ Cell headed by an Assistant General Manager handles à ½ãñÊã ããà ¡ãè ããõÀ 㶾ã Ôãâºãâãä£ã¦ã º¾ããõÀñ ¹ãƽãìã¦ãã Ôãñ ã¹ã¶ããè ÌãñºãÔãã the redressal of investor complaints. ¹ãÀ ¹ãƪãäÍãæã ãäã Öõâý ÔãÖã¾ãã ½ãÖã ¹ãƺãâ£ãã ããñ ãä¶ãÌãñÍãã Ôãâ¹ããà ãàã 5. Other Committees: ãñ ¹ãƽãìã Öö ãä¶ãÌãñÍãã Ôãâºãâ£ããè ãäÍããã¾ã¦ããò ãã ãä¶ãÌããÀ¥ã ãÀ¦ãñ Ööý There are various other committees such as Asset Liability Management Committee, Investment 5. 㶾ã Ôããä½ããä¦ã¾ããâ Review Committee, Top Management Committee comprising CMD, ED and GMs along with ãäÌããä¼ã¸ã 㶾ã Ôããä½ããä¦ã¾ããâ ãõÔãñ ãããäԦ㠪ñ¾ã¦ãã ¹ãÆâºãâ£ã¶ã Ôããä½ããä¦ã , ãä¶ãÌãñÍã Department executives, which have been ¹ãì¶ãÀãèàã¥ã Ôããä½ããä¦ã , ÞÞã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã ½ãò 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã constituted for the day to day functioning, review ãã¾ãùããÊãã ãä¶ãªñÍãã ½ãÖã¹ãƺãâ£ãããò ãñ Ôãã©ã ãäÌã¼ããØã ãã¾ãùããÊãã Íãããä½ãÊã and monitoring of various aspects of business. Öö , ãäãÔãñ ªõãä¶ãã ãã¾ããô ¦ã©ãã ããÀãñºããÀ ãñ ãäÌããä¼ã¸ã ¹ãÖÊãìããò ããè Ôã½ããèàãã 6. GENERAL BODY MEETING: ãä¶ãØãÀã¶ããè ¦ã©ãã ¹ãƺããñ£ã¶ã ãÀ¶ãñ ãñ ãäÊã Øããä¦ã ãäã¾ãã Øã¾ãã Öõâý a. Location and time where last three General 6. Ôãã½ã㶾ã Ôã¼ãã ããè ºãõãò Body Meetings were held: Sl. Nature of Date, Day and Venue ã. Ô©ãã¶ã Ìã Ôã½ã¾ã ãÖãùâ ãä¹ãÊããè ¦ããè¶ã ºãõãñâ ãã¾ããñãäã¦ã ããè Øãà : No. Meeting time of Meeting
ã.Ôãâ. ºãõã ãã ºãõã ããè ¦ããÀãèã, Ô©ãã¶ã 17th AGM 12 06 2007 Tuesday Narada Gana Sabha ¹ãÆããÀ ã䪶ã Ìã Ôã½ã¾ã 10.00 A.M. 314 TTK Road, 17 Ìããé ããè ½ã 12.06.2007, ½ãâØãÊãÌããÀ, ¶ããÀª Øãã¶ã Ôã¼ãã Chennai 600 018 10.00 ºããñ 314 ãè ãè ãñ Àãñ¡ , Þãñ¸ãõ 600018 28th AGM 14 06 2008 Saturday Narada Gana Sabha 2 8 Ìããèñ ããè ½ã 14.06.2008, Íããä¶ãÌããÀ, ¶ããÀª Øãã¶ã Ôã¼ãã 11.00 A.M. 314 TTK Road, 11.00 ºããñ 314 ãè ãè ãñ Àãñ¡ , Þãñ¸ãõ 600018 Chennai 600 018 3 9 Ìããé ããè ½ã 04.07.2009 Íããä¶ãÌããÀ , ¶ããÀª Øãã¶ã Ôã¼ãã 39th AGM 04 07 2009 Saturday Narada Gana Sabha 11.00 ºããñ 314 ãè ãè ãñ Àãñ¡ , Þãñ¸ãõ 600018 11.00 A.M. 314 TTK Road, Chennai 600 018
49 ã. ãä¹ãÊãñ ¦ããè¶ã ããè ½ã ½ãñ ããñà ãäÌãÍãñÓã Ôãâãʹ㠹ãããäÀ¦ã ¶ãÖãé ãäã b. No special resolutions were put through in Øã ý the last three AGMs Øã. ããñà ¡ãã ½ã¦ãªã¶ã ¶ãÖãé ©ãã ý c. There was no postal ballot exercise. d. Location and time where Extra Ordinary Üã. Ô©ãã¶ã Ìã Ôã½ã¾ã ãÖãú ãÔãã£ããÀ¥ã Ôãã½ã㶾㠺ãõãò ãã¾ããñãäã¦ã ÖìÄ : General Body Meetings were held:
ã.Ôãâ. ºãõã ãã ºãõã ããè ¦ããÀãèã, Ô©ãã¶ã Sl. Nature of Date, Day and Venue ¹ãÆããÀ ã䪶ã Ìã Ôã½ã¾ã No. Meeting time of Meeting 1¹ãÖÊããè à ããè ½ã 07.12.2002Íããä¶ãÌããÀ , Àã¶ããè Ôããè¦ãõ ÖãÊã 11st EGM 07.12.2002 Saturday Rani Seethai Hall 11.00 A.M. 603, Anna Salai, ÔãìºãÖ 11.00 ºããñ 603 㥥ãã ÔããÊãõ , Þãñ¸ãõ 600 006 Chennai 600 006 2 ªîÔãÀãè à ããè ½ã 30.11.2005, ºãì£ãÌããÀ , Àã¶ããè Ôããè¦ãõ ÖãÊã 22nd EGM 30.11.2005 Wednesday Rani Seethai Hall ÔãìºãÖ 11.00 ºããñ 603 㥥ãã ÔããÊãõ , Þãñ¸ãõ 600 006 11.00 A.M. 603, Anna Salai, Chennai 600 006 3 ¦ããèÔãÀãè à ããè ½ã 25.11.2008 ½ãâØãÊãÌããÀ, ¶ããÀª Øãã¶ã Ôã¼ãã 33rd EGM 25.11.2008 Tuesday Narada Gana Sabha ÔãìºãÖ 11.00 ºããñ 314 ãè ãè ãñ Àãñ¡ , Þãñ¸ãõ 600 018 11.00 A.M. 314 TTK Road, Chennai 600 018 7. ¹ãÆããèãÀ¥ã 7. DISCLOSURES: ã. 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã Ìã ãã¾ãùããÊãã ãä¶ãªñÍãããò ãã ¹ãããäÀÑããä½ãã a. The remuneration of the Chairman & ãñ¶³ ÔãÀããÀ ´ãÀã ãä¶ã¾ã¦ã ãäã¾ãã ãã¦ãã Öõý ÌãÓãà 2009-10 ãñ Managing Director and the Executive ãäÊã ¹ãî¥ãÃãããäÊãã ãä¶ãªñÍãããò ããñ ¹ãƪ¦¦ã ¹ãããäÀÑããä½ãã ãñ ãäÌãÌãÀ¥ã Directors is fixed by the Central Government. Details of remuneration paid to Whole Time ãä¶ã½¶ãÌã¦ã Öö : Directors during the year 2009-10 are as follows : ã. Ôãâ . ¶ãã½ã ¹ãª¶ãã½ã ¹ãããäÀÑããä½ãã ãã Àã½ã ãäÌãÌãÀ¥ã (Á.) Sl. Name Designation Details of Amount No. Remuneration (Rs.) 1 Ñããè Ôã. . ¼ã ã Ìã ¹ãÆ ãä¶ã Ìãñ¦ã¶ã Ì㠼㦦ãñ , 16,41,058.00 ºããã¾ãñ ÔããäÖ¦ã 1. Shri S A Bhat CMD Salary & 16,41,058.00 Allowances ãä¶ãÓ¹ã㪶㠹ãÆãñ¦ÔããÖ¶ã 7,00,000.00 including arrears
2 Ñããè ÌããÃ. Êã .½ãªã¶ã ãã¾ãùããÊãã Ìãñ¦ã¶ã Ì㠼㦦ãñ, 12,00,254.09 Performance ãä¶ãªñÍãã ºããã¾ãñ ÔããäÖ¦ã Incentive 7,00,000.00
ãä¶ãÓ¹ã㪶㠹ãÆãñ¦ÔããÖ¶ã 4,82,192.00 2. Shri Y L Madan ED Salary & 12,00,254.09 Allowances Including Arrears 3 Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã ãã¾ãùããÊãã Ìãñ¦ã¶ã Ì㠼㦦ãñ, 3,14,222.57 ãä¶ãªñÍãã Performance Incentive 4,82,192.00 4 Ñããè ããè. ¶ããÀã¾ã¥ã ãã¾ãùããÊãã Ìãñ¦ã¶ã Ì㠼㦦ãñ, 8,54,028.00 3. Smt. Nupur Mitra ED Salary & ãä¶ãªñÍãã ºããã¾ãñ ÔããäÖ¦ã Allowances 3,14,222.57 (ÔãñÌãã ãä¶ãÌãð¦¦ã) ãä¶ãÓ¹ã㪶㠹ãÆãñ¦ÔããÖ¶ã 5,50,000.00 4. Shri G Narayanan ED (Retired) Salary & 8,54,028.00 5 Ñããè . Ìããè . ªìØããü¡ñ ãã¾ãùããÊãã Ìãñ¦ã¶ã ºããã¾ãã 8,00,720.99 Allowances ãä¶ãªñÍãã including arrears
(ÔãñÌãã ãä¶ãÌãð¦¦ã) Performance Incentive 5,50,000.00 6 Ñããè ããÀ ¶ããØã¹¹ã¶ã ãã¾ãùããÊãã Ìãñ¦ã¶ã ºããã¾ãã 72,302.63 ãä¶ãªñÍãã 5. Shri A V Dugade ED (Retired) Salary Arrears 8,00,720.99
(ÔãñÌãã ãä¶ãÌãð¦¦ã ) 6. Shri A R Nagappan ED (Retired) Salary Arrears 72,302.63
50 ºãöã ÔÌã¦ãâ¨ã ãä¶ãªñÍãããò ããñ ããñà ¹ãããäÀÑããä½ãã ¶ãÖãé ªñ¦ãã , ¼ããÀ¦ã ÔãÀããÀ The Bank does not pay any remuneration to the ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ãñÌãÊã ¹ãÆãä¦ã¼ãããäØã¦ãã ÍãìÊã ã䪾ãã ãã¦ãã Öõ Independent Directors excepting sitting fees as per the Govt. of India guidelines, for Board ¾ã©ãã ºããñ¡Ã ããè ºãöããò ãñ ãäÊã ¹ãÆãä¦ã ºãõã Á. 5000/- ããõÀ Ôããä½ããä¦ã Meetings Rs. 5000/- per meeting and for ããè ºãõããò ãñ ãäÊã ¹ãÆãä¦ã ºãõã Á. 2500/- ã䪾ãã ãã¦ãã Öõ ý Committee meetings Rs. 2500/- per meeting. b. Disclosures as to Related Party Transactions ã. ¹ãƺãâ£ã¶ã ãñ ¹ãƽãìã ̾ããäã¦ã¾ããò ¾ãã¶ããè ¹ãî¥ãÃãããäÊãã ãä¶ãªñÍãã Ôãñ of Key Managerial Personnel ie. Whole Time Ôãâºãâãä£ã¦ã ¹ãããê Êãñ¶ãªñ¶ã ãñ ¹ãÆã¶ã ããè ã®ÃÌãããäÓãÃã ãã£ããÀ ¹ãÀ Directors are being reviewed on a half yearly Ôã½ããèàãã ½ãââ¡Êã ããè Êãñãã ¹ãÀãèàãã Ôããä½ããä¦ã ´ãÀã ããè ãã¦ããè Öõ ý basis by the Audit Committee of the Board. c. There are no significant related party Øã. ºãöã ãñ ãä¶ãªñÍãããò , ¹ãƺãâ£ã¶ã ¶ãããè ã¶ãìÓãâØããè ãã¾ããò ¾ãã Ôãâºãâãä£ã¾ããò transactions of the Bank with its subsidiaries, ãããäª ãñ Ôãã©ã ºãöã ãñ ñÔãñ ããñà ½ãÖ¦Ìã¹ãî¥ãà ¹ãããê Êãñ¶ãªñ¶ã ¶ãÖãé directors, management or their relatives etc Öõâ ãäã¶ãÔãñ ºãöã ãñ ãäÖ¦ããò ¹ãÀ ¹ãÆãä¦ããîÊã ¹ãƼããÌã ¹ãü¡¦ãã Öãñ ý that would have potential conflict with the interests of the Bank at large. Üã. Ôãã ãÔãÞãòããò /Ôãñºããè / ãäãÔããè 㶾ã ÔããâãäÌããä£ãã ¹ãÆããä£ãããÀãè d. No penalties were imposed or strictures ´ãÀã 31.03.2010 ããñ Ôã½ã㹦ã ãä¹ãÊãñ ¦ããè¶ã ÌãÓããó ãñ ªãõÀã¶ã passed on us by Stock Exchanges/SEBI /any statutory authority on any matter related ¹ãîâããè ºããããÀ Ôãâºãâ£ããè ãäãÔããè ¼ããè ãäÌãÓã¾ã ¹ãÀ ºãöã ¹ãÀ ¶ã ¦ããñ ª¥¡ to capital markets during the last three years ÊãØãã¾ãã Øã¾ãã ããõÀ ¶ã Öãè ããÊãñãÞã¶ãã ããè Øãà Öõ ý ended 31 03 2010. Þã. ãä¹ãÊãÖãÊã ºãöã ããè Þãñ¦ããÌã¶ããè ¶ããèãä¦ã ¶ãÖãé Öõ ý ãä¹ãÀ ¼ããè Êãñãã e. Presently the Bank does not have a Whistle Blower policy. However no persons have been ¹ãÀãèàãã Ôããä½ããä¦ã Ôãñ ãä½ãÊã¶ãñ Ôãñ ãäãÔããè ããñ ½ã¶ãã ¶ãÖãé ãäã¾ãã Øã¾ããý denied access to the Audit Committee. . ºãöã ¶ãñ ÀãÓÈãè¾ããð¦ã ºãöããò ãñ ãäÊã ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã/ ¼ããÀ¦ã f. The Bank has complied with all the mandatory requirements to the extent ÔãÀããÀ ´ãÀã Ôã½ã¾ã Ôã½ã¾ã ¹ãÀ ããÀãè ÔããâãäÌããä£ãã / ãäªÍãããä¶ãªóÍããò / provided for in the statutes/guidelines/ ãä¶ãªñÍããò ½ãò ªãè Øãà Ôã¼ããè ããä£ãªñÍã㦽ãã ã¹ãñàããããò ãã ¹ããÊã¶ã directives issued from time to time by the ãäã¾ãã Öõ ý RBI/Government of India to the nationalized banks. ã. ØãõÀ-ããä£ãªñÍã㦽ãã ã¹ãñàããããò ããñ Ôãâºãâãä£ã¦ã ½ãªãò ãñ Ôãã½ã¶ãñ ãäÀ¹ããñà g The Non Mandatory requirements have ½ãò ãäª ã¶ãìÔããÀ ã¹ã¶ãã¾ãã Øã¾ãã Öõý been adopted as stated in this report against the relevant items. ¢ã. ºãöã ãñ ãä¶ãªñÍãã ½ãâ¡Êã ããñ ÔãîÞããèºã® ãÀãÀ ãñ 㥡 49 ãñ h. The Certificate of CEO and CFO under clause ¦ãÖ¦ã Ôããèããñ ¦ã©ãã Ôããè¹ãããñ ãã ¹ãƽãã¥ã-¹ã¨ã ¹ãÆÔ¦ãì¦ã ãÀ ã䪾ãã 49 of the listing agreement has been Øã¾ãã Öõ ããõÀ Ôã ãäÀ¹ããñà ½ãò ã ¹ãÆãä¦ã ÔãâÊãضã Öõý submitted to the Board of Directors of the Bank and a copy is attached to this report. . ÔãîÞããèºã® ãÀãÀ ãñ 㥡 49 ãñ ã¶ãìÔããÀ ÌãÓãà 2009-10 ãñ i. In terms of clause 49 of the listing ãäÊã ºãöã ½ãò ããÀ¹ããñÀñ ØãÌã¶ãôÔã ¹ãÀ ÔããâãäÌããä£ãã ãò³ãè¾ã Êãñãã¹ãÀãèàãããò agreement, a certificate has been obtained Ôãñ ¹ãƽãã¥ã-¹ã¨ã ¹ãÆ㹦ã ãäã¾ãã Øã¾ãã Öõ ããõÀ Ôã ãäÀ¹ããñà ãñ Ôãã©ã from the statutory central auditors on corporate governance in the Bank for the ÔãâÊãضã ãäã¾ãã Øã¾ãã Öõý year 2009-10 and the same is annexed to this report. 8. Ôãâ¹ãñÆÓã¥ã ãñ ½ã㣾ã½ã 8. MEANS OF COMMUNICATION: ã. ºãöã ãñ ãä¦ã½ããÖãè ãÊãñãã ãäÌã§ããè¾ã ¹ããäÀ¥ãã½ã ãä¶ãªñÍãã ½ãâ¡Êã ´ãÀã a. The quarterly un-audited financial results of ã¶ãì½ããñã䪦ã ãäã ãã¦ãñ Öö ããõÀ Ôãñ ãä¶ã¾ã¦ã Ôã½ã¾ã ãñ 㶪À ¶ã the Bank are approved by the Board of Ôã¼ããè Ôãùã ãÔãÞãòããò ããñ ¹ãÆÔ¦ãì¦ã ãÀ ã䪾ãã ãã¦ãã Öõ ãÖãâ ºãöã Directors and the same are submitted within the stipulated period to all the stock ãñ Íãñ¾ãÀ ÔãîÞããèºã® Öö ý ºãöã Ôã¼ããè Íãñ¾ãÀ £ããÀããò ããñ ½ããÖãè exchanges where the Banks shares are listed. ¹ããäÀ¥ãã½ã ¼ãñã¦ãã ÀÖã Öõ ý The Bank has been sending half yearly results to all the shareholders.
51 ã. ÔãîãäÞãºã® ãÀãÀ ãñ 㥡 41 ãñ ½ãì¦ãããäºãã ãä¦ã½ããÖãè ãäÌã§ããè¾ã ¹ããäÀ¥ãã½ã b. The quarterly financial results are published ÀãÓÈãè¾ã ªõãä¶ãã Ôã½ããÞããÀ ¹ã¨ã ããõÀ àãñ¨ããè¾ã Ô©ãã¶ããè¾ã ªõãä¶ãã Ôã½ããÞããÀ in a national daily and a regional vernacular daily in terms of Clause 41 of the listing ¹ã¨ã ½ãò ¹ãÆãããäÍã¦ã ãäã Øã¾ãñ Öö ¦ã©ãã ¹ãÆããÍã¶ã ãÀ¶ãñ ããè ¦ããÀãèã Ìã agreement. The details and dates of ãäÌãÌãÀ¥ã ãä¶ã½¶ãã¶ãìÔããÀ Öö : publication are as under: Ôã½ã㹦ã ãâØãÆñããè àãñ¨ããè¾ã ¹ãÆããÍã¶ã Quarter English Regional Date of ãä¦ã½ããÖãè ªõãä¶ãã ªõãä¶ãã ããè ãä¦ããä©ã ended Daily Daily publication
31.03.2009 ª ãåÖªì - ã䪶ããÀ¶ã 05.05.2009 31.03.2009 The Hindu - Dinakaran (Tamil) 05 05 2009 ãäºãûã¶ãñÔã Êãã¶ã (¦ããä½ãÊã) Business Line
30.06.2009 ª ¹ã¶ãã¶ããäÍã¾ãÊã ã䪶ã½ãÊãÀ 30.07.2009 30.06.2009 The Financial Dinamalar (Tamil) 30 07 2009 ãÔ¹ãÆñÔã (¦ããä½ãÊã) Express
30.09.2009 ª ãåÖªì - ã䪶㠦ãâªãè 30.10.2009 30.09.2009 The Hindu - Dinathanthi (Tamil) 30 10 2009 ãäºãûã¶ãñÔã Êãã¶ã (¦ããä½ãÊã) Business Line
31.12.2009 ª ãåÖªì - ã䪶ããÀ¶ã 29.01.2010 31.12. 2009 The Hindu - Dinakaran (Tamil) 29 01 2010 ãäºãûã¶ãñÔã Êãã¶ã (¦ããä½ãÊã) Business Line c. The quarterly results are also being displayed Øã. ãä¦ã½ããÖãè ¹ããäÀ¥ãã½ã ºãöã ãñ ÌãñºãÔãã www.iob.com ½ãò ¼ããè on the Banks web-site www.iob.com. ¹ãƪãäÍãæã ãäã ãã ÀÖñ Ööý 9. GENERAL SHAREHOLDER INFORMATION: 9. Ôãã½ã㶾ã Íãñ¾ãÀ£ããÀã ÔãîÞã¶ãã a. AGM: Date, Time and Venue: ã. ããè½ã: ¦ããÀãèã, Ôã½ã¾ã ããõÀ Ô©ãã¶ã: Date 20.07.2010 ã䪶ããâã 20.07.2010 Time 10.00 A.M. Ôã½ã¾ã ÔãìºãÖ 10.00 ºããñ Venue Narada Gana Sabha Ô©ãã¶ã ¶ããÀª Øãã¶ã Ôã¼ãã (Sathguru Gnanananda Hall) (ÔãªáØãìÁ ãã¶ãã¶ã⪠ÖãùÊã) 314 TTK Road,Chennai 600 018 314 ãèãèãñ Àãñ¡, Þãñ¸ãõ 600 018 b. Financial Year: ã. ãäÌ㦦ããè¾ã ÌãÓãÃ: 01st April 2009 to 31st March 2010 1 ã¹ãÆõÊã 2009 Ôãñ 31 ½ããÞãà 2010 c. Date of Book Closure: Øã. ºãÖãè ºã⪠ãÀ¶ãñ ããè ¦ããÀãèã: 29.05.2010 to 04.06.2010 (Both days inclusive) for determining eligibility for the Êãã¼ããâÍã ãñ ¹ãƾããñã¶ã Öñ¦ãì ¹ãã¨ã¦ãã ãä¶ã£ããÃãäÀ¦ã ãÀ¶ãñ ãñ ãäÊã purpose of dividend. 29.05. 2010 Ôãñ 04.06.2010(ªãñ¶ããò ã䪶ã Íãããä½ãÊã Öö) d. Dividend Payment Date: Üã. Êãã¼ããâÍã ¼ãìØã¦ãã¶ã ¦ããÀãèã: On or after 30.07.2010 subject to declaration 30.07.2010 ããñ ¾ãã Ôããñ ºã㪠Íãñ¾ãÀ£ããÀããò ´ãÀã Êãã¼ããâÍã of dividend by shareholders. ããè ÜããñÓã¥ãã ããè Íã¦ãà ¹ãÀ e. Unpaid Dividend: Ý ãª§ã Êãã¼ããâÍã : The Banking Companies (Acquisition and Transfer of Undertakings) and Financial 16 10 2006 Ôãñ ¹ãƼããÌããè ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãã Institutions Laws (Amendment) Act, 2006 ããä£ãØãÆ֥㠦ã©ãã ãâ¦ãÀ¥ã) ¦ã©ãã ãäÌ㦦ããè¾ã ÔãâÔ©ããú ãäÌããä£ã (ÔãâÍããñ£ã¶ã) which has come into force on 16 10 2006, ããä£ããä¶ã¾ã½ã 2006 ½ãò ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãñ ããä£ãØãÆÖ¥ã has inserted a new section 10(B) in the ¦ã©ãã ãâ¦ãÀ¥ã) ããä£ããä¶ã¾ã½ã 1970 ½ãò 10 (ºããè) ¶ãã½ãã ã ¶ãà Banking Companies (Acquisition and Transfer of Undertakings) Act 1970 which provides £ããÀã ããñü¡ ªãè Øãà Öõ ãäãÔã½ãò ãä¶ã½¶ããäÊããäã¦ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã Öõ: as under:
52 ⇒ ÜããñÓã¥ãã ããè ¦ããÀãèã Ôãñ 30 ã䪶ããò ãñ ºã㪠7 ã䪶ããò ãñ ãâªÀ, ¾ããäª ⇒ Within 7 days from the expiry of 30 days ãäãÔããè Íãñ¾ãÀ£ããÀã ¶ãñ Êãã¼ããâÍã ãã ¶ããªãèãÀ¥ã / ªãÌãã ¶ãÖãé ãäã¾ãã from the date of declaration, if any shareholder has not encashed /claimed the Öãñ, ñÔããè Àã½ã ããñ ºãöã ãñ ÞããÊãî ãã¦ãñ ½ãò ¹ãü¡ãè Öõ, Ôãñ ...... ÌãÓãà dividend, such amounts lying in the bank ãñ ãäÊã ãã ããñ ºããè ãñ 㪦¦ã Êãã¼ããâÍã ãã¦ãñ ¶ãã½ãã ãÊãØã current account, have to be transferred to a ãã¦ãñ ½ãò ãâ¦ããäÀ¦ã ãäã¾ãã ãã¶ãã Öõý separate account styled Unpaid Dividend Account of IOB for the year _____ ⇒ 㪦¦ã Êãã¼ããâÍã ãã¦ãñ ããñ ãâ¦ããäÀ¦ã ããñà ¼ããè Àã½ã ããñ Ôã ¹ãÆããÀ ⇒ Any money transferred to the Unpaid Dividend ãñ ãâ¦ãÀ¥ã ããè ¦ããÀãèã Ôãñ Ôãã¦ã ÌãÓãà ããè ãÌããä£ã ãñ ãäÊã 㪦¦ã account which remains unpaid or unclaimed ¾ãã ãªãÌããè ¹ãü¡ãè Öö, ¦ããñ Ôãñ ãâ¹ã¶ããè ããä£ããä¶ã¾ã½ã 1956 ãñ 205(1) for a period of seven years from the date of such transfer, shall be transferred to the (Ôããè) ãñ ¦ãÖ¦ã Ô©ãããä¹ã¦ã ãä¶ãÌãñÍãã ãäÍãàãã ¦ã©ãã ÔãâÀàã¥ã ãä¶ããä£ã ããñ Investor Education and Protection Fund ãâ¦ããäÀ¦ã ãÀ ªñ¶ãã Öõý established under Sec 205(1)(C) of the Companies Act 1956. ¦ãªá¶ãìÔããÀ ãä¹ãÊãñ ÌãÓããô ãñ 㪦¦ã Êãã¼ããâÍããò ããñ ããããñºããè ãñ 㪦¦ã Êãã¼ããâÍã ãã¦ããò ããñ ãâ¦ããäÀ¦ã ãÀ ã䪾ãã Øã¾ãã Öö ããõÀ ã¦ã: Ôã ¹ãÆããÀ ããè Accordingly, the unpaid dividend of previous years has been transferred to Unpaid Dividend ãâ¦ãÀ¥ã ÀããäÍã ããñ ããñ ãâ¦ãÀ¥ã ããè ¦ããÀãèã Ôãñ Ôãã¦ã ÔããÊã ããè ãÌããä£ã Account/s of IOB as follows and hence such ¦ãã 㪦¦ã ¾ãã ãªããäÌã¦ã Öö, ãä¶ãÌãñÍãã ãäÍãàãã ¦ã©ãã ÔãâÀàã¥ã ãä¶ããä£ã ½ãò monies which remain unpaid or unclaimed for a ãâ¦ããäÀ¦ã ãÀ ã䪾ãã ããØãã : period of seven years from the date of such transfer shall be transferred to the Investor Êãã¼ããâÍã 㪦¦ã Êãã¼ããâÍã ãã¦ãñ Education and Protection Fund : ããñ ãâ¦ããäÀ¦ã ãÀ¶ãñ ããè ¦ããÀãèã Dividend for Date of Transfer 2000-01 08.12.2006 to Unpaid Dividend A/c 2001-02 05.12.2006 2000-01 08.12.2006 2002-03 05.12.2006 2001-02 05.12.2006 2002-03 05.12.2006 2003-04(ãã) 04.12.2006 2003-04 (I) 04.12.2006 2003-04(¹ã) 04.12.2006 2003-04 (F) 04.12.2006 2004-05(ãã) 09.12.2006 2004-05 (I) 09.12.2006 2004-05(¹ã) 05.12.2006 2004-05 (F) 05.12.2006 2005-06 04.12.2006 2005-06 04.12.2006 2006-07 13.07.2007 2006-07 13.07.2007 2007-08 19.07.2008 2007-08 19.07.2008 2008-09 11.08.2009 2008-09 11.08.2009 Þã. ºãöã ãñ Íãñ¾ãÀ ãä¶ã½¶ããäÊããäã¦ã Ôãùã ãÔãÞãòããò ½ãò ÔãîÞããè f. The Banks shares are listed on the ºã® ãäã Øã Öö: following stock exchanges: Ôãã ãÔãÞãòã ãã ¶ãã½ã Ôãùã ããñ¡ Name of the Stock Exchange Stock Code ½ã³ãÔã Ôãùã ãÔãÞãòã** ããããñºããè Madras Stock Exchange Ltd.** I O B ½ãìâºãà Ôãùã ãÔãÞãòã 532388 Bombay Stock Exchange Ltd. 532388 ¶ãñÍã¶ãÊã Ôãùã ãÔãÞãòã ããããñºããè Ãã¾ãî à ºããèà ºããèãè National Stock Exchange ãã¹ã âã䡾ãã ãäÊããä½ãñ¡ of India Ltd. IOB EQ AE BE BT
53 ** ã䪶ããâã 14 ãî¶ã 2008 ããñ ãã¾ããñãäã¦ã 8Ìããé ÌãããäÓãÃã Ôãã½ã㶾ã ** The shareholders of our Bank at the 8th Annual ºãõã ½ãò ºãöã ãñ Íãñ¾ãÀ£ããÀããò ¶ãñ ºãöã ãñ Íãñ¾ãÀãò ããñ ½ã³ãÔã Ôãùã General Meeting held on 14th June, 2008 had unanimously passed a resolution approving the ãÔÞãòã ãäÊããä½ãñ¡ ããè ÔãîÞããèºã®¦ãã Ôãñ Öã Êãñ¶ãñ ãñ Ôãâºãâ£ã ½ãò ÔãÌãÃÔã½½ã¦ã delisting of the Banks shares from Madras Stock Ôãâãʹ㠹ãããäÀ¦ã ãäã¾ããý ¦ãª¶ãìÔããÀ ºãõâã Íãñ¾ãÀãñâ ããñ Öã ªñ¶ãñ ãñ ãäÊã Exchange Limited. An application for delisting ½ãÔãà ããñ 2008 ½ãò ããÌãñª¶ã ã䪾ãã Øã¾ãã Öõ ããõÀ Ìãñ Ôããã ÔãâÔãã£ã¶ã of the Banks shares has accordingly been ãÀ ÀÖñ Öõâý submitted to MSE in 2008 and the same is being processed by MSE. ½ã³ãÔã Ôãùã ãÔãÞãòã ãñ ãÊããÌãã Ôãã ãÔãÞãòããò ããñ ÌãÓãà 2009- Annual listing fee for the year 2009-10 has been 10 ãñ ãäÊã ÔãîÞããèºã® ãÀ¶ãñ Öñ¦ãì ÌãããäÓãÃã ÍãìÊã ãä¶ã£ããÃãäÀ¦ã ªñ¾ã ¦ããÀãèããò paid to the stock exchanges except Madras ãñ ãâªÀ ã䪾ãã Øã¾ãã ÖõýÞãîúãäã ½ã³ãÔã Ôãùã ãÔãÞãòã , Þãñ¸ãõ ãñ ¹ããÔã Stock Exchange within the prescribed due dates. Ö½ããÀã ÔãîÞããè Ôãñ Öã¶ãñ Ôãâºãâ£ããè ããÌãñª¶ã ã¼ããè ¼ããè Êãâãäºã¦ã Öõ , ÌãÓãà As our delisting application is still pending with 2009- 10 ãñ ãäÊã ÔãîÞããèºã® ãÀ¶ãñ Öñ¦ãì ÌãããäÓãÃã ÍãìÊã ãã ¼ãìØã¦ãã¶ã Madras Stock Exchange, Chennai, Annual Listing ã䪶ããâã 31.03.2010 ããñ ãÀ ã䪾ãã Øã¾ãã Öõ ý Fee for the year 2009-10 has been paid on 31.03.2010. ¹ãÆããä£ããð¦ã ¹ãîúããè ½ãò ºãü¤ãñ¦ãÀãè Increase in Authorised Capital: ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãã ããä£ãØãÆ֥㠦ã©ãã ãâ¦ãÀ¥ã ) ããä£ããä¶ã¾ã½ã Pursuant to Section 3 (2-A) of the Banking 1970/1980 ããè £ããÀã 3(2) ãñ ã¶ãì¹ããÊã¶ã ½ãò ¼ããÀ¦ã ÔãÀããÀ ¶ãñ Companies (Acquisition and Transfer of ã¹ã¶ããè ããä£ãÔãîÞã¶ãã Ôã ããñ Ôãâ 3123 ããõÀ Ôã ããñ Ôãâ 3124 ã䪶ããâãäã¦ã Undertakings) Act, 1970/1980, the Government of India has, vide GOI Notification S.O. No. 3123 10 ¶ãÌãâºãÀ 2009 ãñ ´ãÀã ÀãÓÈãè¾ããð¦ã ºãöããò ½ãñ ¹ãÆããä£ããð¦ã ¹ãîúããè ããñ Á. and S.O. No. 3124 dated November 10, 2009, 1500 ãÀãñü¡ Ôãñ ºãü¤ãÀ Á. 3000 ãÀñãü¡ ãÀ ã䪾ãã Øã¾ãã Öõ ý ã¦ã: increased the Authorised Capital of Nationalised 10 ¶ãÌãâºãÀ 2009 Ôãñ Ö½ããÀñ ºãöã ããè ¹ãÆããä£ããð¦ã ¹ãîúããè Á. 1500 ãÀãñü¡ Banks from Rs. 1500 crores to Rs. 3000 crores. Ôãñ ºãü¤ãÀ Á. 3000 ãÀñãü¡ Öãñ Øã¾ããè ý Thus with effect from November 10, 2009, our Banks Authorised Capital of Rs. 1500 crores . ºããããÀ ½ãîʾããò ãñ ããúã¡ñ stands increased to Rs. 3000 crores. ãÌããä£ã ½ããÖ ¶ãñÍã¶ãÊã Ôãùã ãÔãÞãòã ºããâºãñ Ôãùã ãÔãÞãòã g. Market price data: ÞÞã(Á) ãä¶ã½¶ã (Á) ÞÞã (Á) ãä¶ã½¶ã (Á) Period - National Stock Exchange Bombay Stock Exchange ã¹ãÆõÊã 2009 72.00 45.00 72.00 45.15 Month High (Rs) Low (Rs) High (Rs) Low (Rs) ½ãà 2009 92.95 59.30 92.90 59.75 Apr 2009 72.00 45.00 72.00 45.15 ãî¶ã 2009 97.30 78.25 98.00 78.50 May 2009 92.95 59.30 92.90 59.75 ãìÊããà 2009 92.00 75.30 91.70 75.10 Jun 2009 97.30 78.25 98.00 78.50 Jul 2009 92.00 75.30 91.70 75.10 ãØãÔ¦ã 2009 91.35 77.95 91.75 78.00 Aug 2009 91.35 77.95 91.75 78.00 ãäÔã¦ã½ºãÀ 2009 129.15 83.20 128.80 84.00 Sep 2009 129.15 83.20 128.80 84.00 ãã¦ãîºãÀ 2009 140.90 100.00 141.00 100.00 Oct 2009 140.90 100.00 141.00 100.00 ¶ãÌ㽺ãÀ 2009 122.90 97.00 123.15 97.05 Nov 2009 122.90 97.00 123.15 97.05 ãäªÔ㽺ãÀ 2009 121.00 105.25 121.00 105.00 Dec 2009 121.00 105.25 121.00 105.00 ã¶ãÌãÀãè 2010 116.40 88.20 116.50 88.70 Jan 2010 116.40 88.20 116.50 88.70 ¹ãÀÌãÀãè 2010 94.80 81.35 95.10 84.80 Feb 2010 94.80 81.35 95.10 84.80 ½ããÞãà 2010 96.30 84.00 96.50 86.95 Mar 2010 96.30 84.00 96.50 86.95 2009-10 ãñ ªãõÀã¶ã Ôãâºãâãä£ã¦ã Ôãùã ãÔÞãñããñâ ½ãò ºãöã ãñ Íãñ¾ãÀãò ãã Figures in bold represent the high / low price of ÞÞã / ãä¶ã½¶ã ããè½ã¦ããò ãñ ããúã¡ñ Ô¹ãÓ ãàãÀãò ½ãò ãäª Øã Öö ý the Banks shares during the year 2009-10 on the respective Stock Exchanges.
54 01-04-2009 Ôãñ 31-03-2010 ãñ ªãõÀã¶ã ºããèÔãà ÔãòÔãñãÔã Equity performance in comparison to BSE ããè ¦ãìÊã¶ãã ½ãò ÃãäãÌããè ãä¶ãÓ¹ã㪶ã SENSEX during 01.04.2009 to 31.03.2010
01-04-2009 Ôãñ 31-03-2010 ãñ ªãõÀã¶ã ¶ãÔãà ãä¶ãü¹ããè ããè Equity performance in comparison to NSE Nifty ¦ãìÊã¶ãã ½ãò ÃãäãÌããè ãä¶ãÓ¹ã㪶ã during 01.04.2009 to 31.03.2010
55 ¢ã. ÀãäãÔÈãÀ ããõÀ ãâ¦ãÀ¥ã ãñ¥: i. Registrar & Transfer agent: ½ãñÔãÔãà ãñãä½ã¾ããñ ãã¹ããóÀñ ÔããäÌãÃÔãñûã ãäÊã. M/s. Cameo Corporate Services Ltd. (¾ãîãä¶ã - ãã ããñ ºããè) Ôãìºãƽããä¥ã¾ã¶ã ãäºããäÊ¡âØã, ¹ãÖÊããè ½ãâãäûãÊã (Unit-IOB) Subramanian Building, I Floor No.1 Club House Road ¶ã.1, ãÊãºã ÖãÔã Àãñü¡ Þãñ¸ã - 600 002 Chennai-600 002 ñãäÊã¹ããñ¶ã - 28460395, 28460084, ¹ãõãÔã- 28460129 Tel: 044-28460395; 28460084 Fax: 28460129 Ã.½ãñÊã : [email protected] e-mail:[email protected] ã. Íãñ¾ãÀ ãâ¦ãÀ¥ã ¹ãÆ¥ããÊããè: j. Share Transfer System: ãâ¦ãÀ¥ã, ¹ãÆñÓã¥ã, Ô©ãã¶ããâ¦ãÀ¥ã, ¡îãä¹Êããñ Íãñ¾ãÀ ¹ãƽãã¥ã ¹ã¨ã ããÀãè Our bank has a Sub-Committee of the Board ãÀ¶ãã, ãäÌã¼ããã¶ã, Ôã½ãñã¶ã, Àãè½ãñ, ¶ãã½ã ¹ããäÀÌã¦ãöã ãããäª ãñ ãäÊã for considering the requests received from shareholders for transfer, transmission, Íãñ¾ãÀ£ããÀããò Ôãñ ¹ãÆ㹦ã ã¶ãìÀãñ£ããò ¹ãÀ ãäÌãÞããÀ ãÀ¶ãñ ãñ ãäÊã Ö½ããÀñ transposition, issuance of duplicate share ºãöã ½ãâñ ºããñ¡Ã ããè ã ¹ã Ôããä½ããä¦ã Öõý 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã certificates, splitting, consolidation, remat, name ¾ãã ¶ãããè ØãõÀ ÖããäûãÀãè ½ãò ãã¾ãùããÊãã ãä¶ãªñÍãã Ôããä½ããä¦ã ãñ 㣾ãàã change etc. The Chairman and Managing Director ÖãòØãñý Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã (¡ãù . ãäÞãÀâããèºã Ôãñ¶ã) ããõÀ ºããñ¡Ã or in his absence the Executive Director is ´ãÀã ¶ãããä½ã¦ã ãä¶ãªñÍãã (Ñããè ãã¶ã⪠ãì½ããÀ) Ôããä½ããä¦ã ãñ 㶾ã Chairman of the Committee. The other members of the committee are: a Shareholder Director (Dr. ÔãªÔ¾ã Ööý Chiranjib Sen) and a Director nominated by the . 31.03.2010 ¦ãã Íãñ¾ãÀ£ããÀ¥ã ãã ãäÌã¦ãÀ¥ã: Board (Shri K Ananda Kumar). k. Distribution of shareholding as on 31.03.2010: ã. Ôãâ. Ñãñ¥ããè Íãñ¾ãÀãò ããè Ôãâ¾ãã Íãñ¾ãÀ£ããÀ¥ã ãã % Sl. Category No. of Shares % of share No holding
¹ãÆÌãæãã ãã £ããÀ¥ã PROMOTERS HOLDING
1. ¼ããÀ¦ã ÔãÀããÀ 333600000 61.23 1 Government of India 333600000 61.23
¹ã ¾ããñØã 333600000 61.23 Sub-Total 333600000 61.23 ØãõÀ-¹ãÆÌã¦ãÃã ãã £ããÀ¥ã NON-PROMOTERS HOLDING 2. ÔãâÔ©ããØã¦ã ãä¶ãÌãñÍãã 2 Institutional Investors ã. ½¾ãîÞãìãÊ㠹㥡áÔã, 3085335 0.57 A Mutual funds and UTI 3085335 0.57 Ìãâ ¾ãîãä¶ã ÈÔ ããù¹ã ã䥡¾ãã B Banks, Financial Institutions 27123191 4.98 ã. ºãöã Ìã ãäÌã§ããè¾ã ÔãâÔ©ããú 27123191 4.98 C Insurance Companies 43398235 7.97 Øã. ºããè½ãã ãâ¹ããä¶ã¾ããú 43398235 7.97 D Foreign Institutional Investors 46099394 8.46 Üã. ãäÌãªñÍããè ÔãâÔ©ããØã¦ã ãä¶ãÌãñÍãã 46099394 8.46 Sub-Total 119706155 21.98 ¹ã ¾ããñØã 119706155 21.98 3 OTHERS 3. 㶾ã A Private Corporate Bodies 11264365 2.07 ã. ãä¶ãããè ¶ãõØã½ã ãä¶ããã¾ã 11264365 2.07 B Individuals 74612990 13.70 ã. Ìãõ¾ããäã¦ãã 74612990 13.70 C Others 5616490 1.02 Øã. 㶾ã 5616490 1.02 Sub-total 91493845 16.79 ¹ã ¾ããñØã 91493845 16.79 GRAND TOTAL 544800000 100.00 ãìÊã ¾ããñØã 544800000 100.00
56 . 31.03.2010 ¦ãã ãäÌã¦ãÀ¥ã ã¶ãìÔãîÞããè : l. Distribution schedule as on 31.03.2010
Íãñ¾ãÀ Íãñ¾ãÀ£ããÀããò ããè ¹ãƦ¾ãñã Á.10 ãñ Íãñ¾ãÀ ½ãîʾã ãìÊã Ôãâ No. of % to total no. Shareholding in Share % to total £ããÀããò ããè ãìÊã Ôãâ.ãã % ãâãäã¦ã ½ãîʾã ãñ (ãâãäã¦ã ½ãîʾã) ãã % share of share terms of nominal Amount Ôãâ¾ãã Íãñ¾ãÀãò ããè ãìÊã holders holders value of Rs.10/- (Face Value) Íãñ¾ãÀ£ãããäÀ¦ãã 204593 87.17 Upto 5000 363251070 6.67 204593 87.17 Upto 5000 363251070 6.67 21073 8.98 5001 10000 177231840 3.25 21073 8.98 5001 10000 177231840 3.25 5861 2.50 10001 20000 83602520 1.53 5861 2.50 10001 20000 83602520 1.53 1174 0.50 20001 30000 29452770 0.54 1174 0.50 20001 30000 29452770 0.54 542 0.23 30001 40000 19442150 0.36 542 0.23 30001 40000 19442150 0.36 342 0.15 40001 50000 16126110 0.30 342 0.15 40001 50000 16126110 0.30 526 0.22 50001 100000 38506560 0.71 526 0.22 50001 100000 38506560 0.71 586 0.25 100001 and above 4720386980 86.64 586 0.25 100001 and above 4720386980 86.64
234697 100.00 TOTAL 5448000000 100.00 234697 100.00 TOTAL 5448000000 100.00 ¡. 31.03.2010 ¦ãã ãäÌãªñÍããè Íãñ¾ãÀ £ããÀ¥ã m. Foreign Shareholding as on 31.03.2010 ã½ã ÔãâÌãØãà 31 03 2009 ¦ãã 31 03 2010 ¦ãã Sl Category As on 31 03 2009 As on 31 03 2010 Ôãâ. Íãñ¾ãÀãò ããè Ôãâ ãìÊã ¹ãîúããè Íãñ¾ãÀãò ããè Ôãâ ãìÊã ¹ãîúããè No No of shares % To No of shares % To ããè ¦ãìÊã¶ãã ããè ¦ãìÊã¶ãã total total ½ãò % ½ãò % capital capital 01 ãäÌãªñÍããè ÔãâÔ©ããØã¦ã ãä¶ãÌãñÍãã 1 Foreign Institutional (¹ã ãã ãã) 42710024 7.84 46099394 8.46 Investors (FIIs) 42710024 7.84 46099394 8.46 02 ããñ Ôããè ºããè 48000 0.01 48000 0.01 2 OCBs 48000 0.01 48000 0.01 03 ããä¶ãÌããÔããè 3645120 0.67 4433117 0.81 3 NRIs 3645120 0.67 4433117 0.81 ãìÊã 46403144 8.51 50580511 9.28 Total 46403144 8.52 50580511 9.28 As detailed in the above table, the total foreign ã¦ã ÔããÀ¥ããè ½ãñâ Ìããä¥ãæãã¶ãìÔããÀ 31.03.2010 ¦ãã ãìÊã ãäÌãªñÍããè Íãñ¾ãÀ£ããÀ¥ã (ããä¶ãÌããÔããè, shareholding (FIIs, OCBs, NRIs) as at 31.03.2010 ããñ Ôããè ºããè, ãäÌãªñÍããè ÔãâÔ©ããØã¦ã ãä¶ãÌãñÍãã) 9.28% ©ãã ããñ ãäã ºãöã ããè ãìÊã ¹ãƪ¦¦ã ¹ãîúããè was 9.28% which is within the stipulated level of ãñ 20% ãñ ãä¶ã£ããÃãäÀ¦ã Ô¦ãÀ ãñ ãâªÀ Öõý 20% of the total paid up capital of the Bank.\ ¤. 31.03.2010 ¦ãã ºãöã ãñ ¹ããúÞã ÔãÌããóÞÞã Íãñ¾ãÀ£ããÀã n. Top five shareholders of the bank as on 31.03.2010: ã½ã Íãñ¾ãÀ£ããÀããò ãã ¶ãã½ã £ãããäÀ¦ã Íãñ¾ãÀãò ãìÊã £ããÀ¥ã Ôãâ ããè Ôãâ ãã % Sl Name of the Shareholders No of % of total No shares held holding 1 ¼ããÀ¦ã ãñ ½ãÖã½ããäÖ½ã ÀãÓȹããä¦ã - ¼ããÀ¦ã ÔãÀããÀ 333600000 61.23 1 HE The President of India - The Government of India 333600000 61.23 2 ¼ããÀ¦ããè¾ã ããèÌã¶ã ºããè½ãã ãä¶ãØã½ã 39648523 7.28 2 Life Insurance Corporation of India 39648523 7.28 3 ¼ããÀ¦ããè¾ã ããèÌã¶ã ºããè½ãã ãä¶ãØã½ã - ½ãããó ¹ÊãÔã 10632813 1.95 3 LIC of India Market Plus 10632813 1.95 4 ãäÔããè ØãÆî¹ã ØÊããñºãÊã ½ãããóáÔã 4 Citigroup Global Markets Mauritius Private Limited 7734840 1.42 ½ãããäÀãäÍã¾ãÔã ¹ãÆãÌãñ ãäÊããä½ãñ¡ 7734840 1.42 5 Life Insurance Corporation of India 5 ¼ããÀ¦ããè¾ã ããèÌã¶ã ºããè½ãã ãä¶ãØã½ã - Profitplus 6515555 1.20 ¹ãÆãùãä¹ã ¹ÊãÔã 6515555 1.20 o. Dematerialization of shares: ¥ã. Íãñ¾ãÀ ¹ãƽãã¥ã-¹ã¨ããò ãã ã½ãîãä¦ãÃãÀ¥ã : The shares of the Bank are under compulsory ºãöã ãñ Íãñ¾ãÀ ããä¶ãÌãã¾ãà ã½ãîãä¦ãÃãÀ¥ã ãñ ã£ããè¶ã Öö ý ºãöã Íãñ¾ãÀãò ãñ demat trading. The Bank has joined as a member ã½ãîãä¦ãÃãÀ¥ã ãñ ãäÊã ããÀãèã¦ããà ãâ¹ã¶ããè ãñ ¹㠽ãò ºãöã ÀãÓÈãè¾ã ¹ãÆãä¦ã¼ãîãä¦ã of the depository services with National Securities
57 ã䡹ããùãäãÀãè. ãäÊã. (¶ã Ôã ¡ãè Êã) ããõÀ ãñ¶³ãè¾ã ã䡹ããùãäãÀãè ÔãñÌããâùâ Depository Limited (NSDL) and Central Depository (¼ããÀ¦ã) ãäÊã. (Ôããè ¡ãè Ôã Êã) ½ãòñ ÔãªÔ¾ã ãñ ¹㠽ãò Íãããä½ãÊã Öõý Íãñ¾ãÀ Services (India) Limited (CDSL) as an issuer company for dematerialization of the Banks £ããÀã ¶ãÔã¡ãèÊã ¾ãã Ôããè¡ãèÔãÊã ãäãÔããè ãñ ¼ããè Ôãã©ã ã¹ã¶ãñ Íãñ¾ãÀãò shares. Shareholders can get their shares ãã ã½ãîãä¦ãÃãÀ¥ã ãÀã Ôãã¦ãñ Öõý ã䡹ããùãäãÀãè ÔãñÌãã ¶ãñ ºãöã ããñ dematerialized with either NSDL or CDSL. The ãä¶ã½¶ããäÊããäã¦ã ãã Ôã ãã ¶ã ããñ¡ ããºãâãä¦ã ãäã¾ãã Öõ-ãã¶ãà depository services have allotted the following 565 01014ý ISIN code to the Bank: INE565A01014. 31.03.2010 ¦ãã 54.48 ãÀãñü¡ ÃãäãÌããè Íãñ¾ãÀãò ½ãñâ Ôãñ, 50.80 As on 31.3.2010, out of 54.48 crore equity shares, ãÀãñü¡ Íãñ¾ãÀ ¾ãã 93.25% Íãñ¾ãÀ£ããÀããò ãñ ¹ããÔã ¡ãè½ãñ ¹㠽ãò Öõ ããõÀ 50.80 crore shares or 93.25% are held by the shareholders in Demat form (of which Government 3.68 ãÀãñü¡ Íãñ¾ãÀ ¾ãã 6.75% ¼ããõãä¦ãã ¹㠽ãò Öö (ãäãÔã½ãò Ôãñ ¼ããÀ¦ã of India holds 33.36 crore shares aggregating ÔãÀããÀ 33.36 ãÀãñü¡ Íãñ¾ãÀ £ãããäÀ¦ã ãÀ¦ãã Öõ ããñ ãäã ããõÔã¦ã¶ã 61.23% to 61.23% - GOIs shareholding was dematerialized Öõý ¼ããÀ¦ã ÔãÀããÀ ããè Íãñ¾ãÀ£ãããäÀ¦ãã ½ããÞãà 2008 ½ãò ã½ãîãä¦ãÃãð¦ã ããè in March 2008) and 3.68 crore shares or 6.75% ØãÃý) are in physical form. ¦ã. ºããã¾ãã ããè¡ãèããÀ/¡ãèããÀ/ÌããÀ¥ ¾ãã 㶾ã ããñà p. Outstanding GDRs/ADRs/Warrants or any convertible instruments, conversion date ¹ããäÀÌã¦ãöããè¾ã ãäÊãã¦ã, ¹ããäÀÌã¦ãöã ããè ¦ããÀãèã Ìã ÃãäãÌããè and likely impact on equity: ¹ãÀ Ôããã Ôãâ¼ãã̾㠹ãƼããÌã: The bank has not issued any GDRs /ADRs / ºãöã ¶ãñ ããñà ããè¡ãèããÀ/¡ãèããÀ/ÌããÀ¥ ¾ãã ããñà ¹ããäÀÌã¦ãöããè¾ã ãäÊãã¦ãò Warrants or any convertible instruments. ããÀãè ¶ãÖãé ããè Öõý q. The bank has raised non-convertible bonds ©ã. ºãöã ¶ãñ Ôã½ã¾ã Ôã½ã¾ã ¹ãÀ ÌãÞã¶ã-¹ã¨ããò ãñ ¹㠽ãò in the nature of promissory notes from time ã¹ãƦ¾ããÌã¦ãöããè¾ã ºããù¥¡ ã¨ã ãäã Öõ:31-03-2010 ¦ãã to time. The details of such bonds ñÔãñ ºããã¾ãã ºããù¥¡ãò ãñ ãäÌãÌãÀ¥ã ãä¶ã½¶ãã¶ãìÔããÀ Öâõ: outstanding as on 31.03.2010 are as follows: Series Date of Size Tenor Coupon Redemption ã½ã ããºãâ¶ã ããè ããããÀ ãÌããä£ã ãî¹ã¶ã ¹ãƦ¾ããÌã¦ãöã Allotment(Rs in crores)(In Months) (%) Date ¦ããÀãèã (Á.ãÀãñ¡ãò ½ãò)(½ãÖãè¶ããò ½ãò)(%) ããè ¦ããÀãèã Tier II ã¾ãÀ ýý v 01.03.2004 200.00 120 06.00 01 03.2014 v 01.03.2004 200.00 120 06.00 01 03.2014 vi 26.07.2004 200.00 120 06.40 26.07.2014 vi 26.07.2004 200.00 120 06.40 26.07.2014 vii 08.01.2005 150.00 123 07.25 08.04.2015 vii 08.01.2005 150.00 123 07.25 08.04.2015 viii 16.09.2005 200.00 123 07.40 16.12.2015 viii 16.09.2005 200.00 123 07.40 16.12.2015 ix 09.01.2006 250.00 123 07.70 09.04.2016 ix 09.01.2006 250.00 123 07.70 09.04.2016 x 13.03.2006 300.00 120 08.00 13.03.2016 x 13.03.2006 300.00 120 08.00 13.03.2016 xi 26.07.2006 500.00 120 09.10 26.07.2016 xi 26.07.2006 500.00 120 09.10 26.07.2016 xii 22.08.2008 300.00 120 10.85 22.08.2018 xii 22.08.2008 300.00 120 10.85 22.08.2018 xiii 24.08.2009 290.00 120 8.48 24.08.2019 xiii 24.08.2009 290.00 120 8.48 24.08.2019 BhoB ** 20.03.2004 36.00 87 07.00 20.06.2011 ºããèÞãããñºããè **20.03.2004 36.00 87 07.00 20.06.2011 Upper Tier II Call Option date ÞÞã ã¾ãÀ II ½ããúØã ãäÌããʹ㠦ããÀãèã i 05.09.2006 500.00 @180 9.24 @05.09.2016 i 05.09.2006 500.00 @180 9.24 @05.09.2016 ii 17.09.2008 655.30 @180 11.05 @17.09.2018 ii 17.09.2008 655.30 @180 11.05 @17.09.2018 iii 01.09.2009 510.00 @180 8.80 @01.09.2019 iii 01.09.2009 510.00 @180 8.80 @01.09.2019 Tier I (Perpetual) Call Option date ã¾ãÀ 1 (ºãñãä½ã¾ããªãè) ½ããúØã ãäÌããʹ㠦ããÀãèã i 31.03.2006 200.00 @Perpetual 09.30 @31.03.2016 i 31.03.2006 200.00 @ ºãñãä½ã¾ããªãè 09.30 @31.03.2016 ii 18.05.2006 200.00 @Perpetual 09.15 @18.05.2016 ii 18.05.2006 200.00 @ ºãñãä½ã¾ããªãè 09.15 @18.05.2016 iii 30.09.2006 80.00 @Perpetual 09.20 @30.09.2016 iii 30.09.2006 80.00 @ ºãñãä½ã¾ããªãè 09.20 @30.09.2016 iv 29.09.2009 300.00 @Perpetual 09.30 @29.09.2019 iv 29.09.2009 300.00 @ ºãñãä½ã¾ããªãè 09.30 @29.09.2019 TOTAL 4871.30 ãìÊã 4871.30 @Call option available at the end of 10 years (with the @ 10 ÌãÓãà ãñ ãâ¦ã ½ãò ½ããúØã ãäÌããʹ㠹ãÊ㺣ã Öõ (¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ãñ ¹ãîÌããöãì½ããñª¶ã ãñ prior approval of RBI). If the call option is not exercised, Ôãã©ã)ý ¾ããäª ½ããúØã ãäÌããʹã ãã ¹ãƾããñØã ¶ãÖãé ãäã¾ãã ãã ÀÖã Öõ ¦ããñ ãî¹ã¶ã ªÀ ããñ 50 ºããè¹ããèÔã the coupon rate will be stepped up by 50 bps. ¦ãã ºãü¤ã¾ãã ããØãã ý
58 **ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ Ôãã©ã ¼ããÀ¦ã ããñÌãÀÔããèûã ºãöã ãñ ãäÌãÊã¾ã¶ã ** Being Tier II Bonds issued by Bharat Overseas ãñ ¹ãÊãÔÌã¹㠼ããÀ¦ã ããñÌãÀÔããèûã ºãöã ãäÊããä½ãñ¡ (ºããèÞãããñºããè) ´ãÀã Bank Ltd.(Bhob) , since taken over by IOB consequent to merger of Bhob with IOB. The ããÀãè ãäã Øã ã¾ãÀ II ºããù¥¡ ããããñºããè ´ãÀã ããä£ãØãðÖãè¦ã ãäã present outstanding as on 31.03.2010, is after Øãý 31-03-2010 ¦ãã Ìã¦ãýãã¶ã ºããã¾ãã ã¦ã ãä¶ãØãý㠽ãò ãäÌãÊã¾ã¶ã ãñ setting off our investment of Rs. 4 cr in the Ôã½ã¾ã Á.4 ãÀãñü¡ ãñ Ö½ããÀñ ãä¶ãÌãñÍã ãã Ôã½ãâã¶ã ãÀ¶ãñ ãñ ºã㪠Öõý said issue, at the time of the merger. ª. ¹ã¨ããÞããÀ ãÀ¶ãñ ãã ¹ã¦ãã: r. Address for Correspondence: Íãñ¾ãÀãò ãñ 㶦ãÀ¥ã, Êãã¼ããâÍã ¼ãìØã¦ãã¶ã ããõÀ ãä¶ãÌãñÍãããò Ôãñ Ôãâºãâãä£ã¦ã Share transfers, dividend payment and all other investor related activities are attended to and 㶾ã Ôã¼ããè ãäã¾ãããÊãã¹ã ÀãäãÔÈãÀ Ìã Íãñ¾ãÀ 㶦ãÀ¥ã ãñ¶ ½ãñÔãÔãà processed at the office of M/s. Cameo Corporate ãñãä½ã¾ããñ ããù¹ããóÀñ ÔãñÌããâ ãäÊã. ãñ ãã¾ããÃÊã¾ã ½ãò ãäã ãã¦ãñ Öö ý Íãñ¾ãÀ£ããÀã Services Ltd., Registrars & Share Transfer agents. ã¹ã¶ãñ 㶦ãÀ¥ã ãäÌãÊãñã ããõÀ 㶾ã ããñà ¼ããè ªÔ¦ããÌãñã, ãäÍããã¾ã¦ãò Shareholders may lodge the transfer deeds and ãä¶ã½¶ããäÊããäã¦ã ¹ã¦ãñ ¹ãÀ ªãà ãÀ Ôãã¦ãñ Öö ý any other documents, grievances and complaints at their address: ½ãñÔãÔãà ãñãä½ã¾ããñ ãã¹ããóÀñ ÔããäÌãÃÔãñÔã ãäÊã. M/s. Cameo Corporate Services Ltd. (¾ãîãä¶ã - ãã ããñ ºããè) Ôãìºãƽããä¥ã¾ã¶ã ãäºããäÊ¡âØã, I ½ãâãäûãÊã (Unit-IOB) Subramanian Building, I Floor ¶ã.1, ãÊãºã ÖãÔã Àãñü¡, Þãñ¸ãõ- 600 002 No.1 Club House Road, Chennai-600 002 ñãäÊã¹ããñ¶ã - 044 - 28460395, 28460084, ¹ãõãÔã- 28460129 Tel: 044-28460395; 28460084 Fax: 28460129 Ã.½ãñÊã : : [email protected] email:[email protected] The Bank has an Investor Relations Cell at its ºãöã ãñ ãä¶ã½¶ããäÊããäã¦ã ¹ã¦ãñ ¹ãÀ Íãñ¾ãÀ£ããÀããò ããè ãäÍããã¾ã¦ããò ãñ Central Office, to deal with the services and ãä¶ã¹ãã¶ã ãñ ãäÊã ããõÀ ¶ãããè ÔãñÌãã ãñ ãäÊã ºãöã ½ãò ãä¶ãÌãñÍãã complaints of the shareholders at the following Ôãâºãâ£ã ãàã Öõý address: ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank ãä¶ãÌãñÍãã Ôãâºãâ£ã ãàã Investor Relations Cell ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã, 763 㥥ãã ÔããÊã, Þãñ¸ãõ -600 002 Central Office, 763, Anna Salai ñãäÊã¹ããñ¶ã : 044 - 28519491, 28415702, 28889392 Chennai-600 002 Tel: 044-28519491, 28415702, 28889392 ¹ãõãÔã : 044 - 28585675 Fax : 044-28585675 Ã.½ãñÊã : [email protected] email: [email protected] [email protected] [email protected] B. NON MANDATORY REQUIREMENTS: ºããè. ØãõÀ-ããä£ãªñÍã㦽ãã ã¹ãñàããú Non Mandatory Requirements Our Adoption ØãõÀ-ããä£ãªñÍã㦽ãã ã¹ãñàããú ºãöã ´ãÀã ã¹ã¶ããà ØãÃ
ºããñ¡Ã ãâ¹ã¶ããè ãñ ãÞãó ¹ãÀ ØãõÀ- Þãîúãäã Ö½ããÀñ ºãöã ãñ 㣾ãàã ¦ã©ãã The Board Since the Chairman and ãã¾ãùããÊãã 㣾ãàã ´ãÀã ã ¹ãƺãâ£ãã ãä¶ãªñÍãã Ö½ããÀñ ºãöã ãñ Maintenance of an office Managing Director in our ãã¾ããÃÊã¾ã ãã ÀãÀããÌã ãã¾ãùããÊãã 㣾ãàã Öãñ¦ãñ Öö, ã¦ã: by a non executive Bank is an Executive Chairman at the Chairman, this clause is ¾ãÖ ã¥¡ Ö½ããÀñ ãäÊã ÊããØãî ¶ãÖãé ÖãñØããý companys expense not applicable to us ¹ãããäÀÑããä½ãã Ôããä½ããä¦ã ¹ãî¥ãÃãããäÊãã ãä¶ãªñÍãããò ããñ ªñ¾ã Remuneration Remuneration payable to ¹ãããäÀÑããä½ãã ãã ãä¶ã¥ãþã ãò³ ÔãÀããÀ Committee the whole time directors ãñ ´ãÀã ãäÊã¾ãã ãã¦ãã Öõ ããõÀ ºãöã ØãõÀ- is decided by the Central Government and the ãä¶ãªñÍãããò ããñ ãäÔããäâØã ¹ããèÔã ãñ ãÊããÌãã Bank does not pay any ããñà ¹ãããäÀÑããä½ãã ¶ãÖãé ªñ¦ãã Öõý ºããñ¡Ã remuneration to other ããè ã䪶ããâã 22-03-2007 ããñ Ôãâ¹ã¸ã directors except sitting fees as per guidelines of Central Govt.
59 Öìà ºãõã ½ãò ãäª Øã ãäÌãÌãÀ¥ããò ãñ The Board in its meeting ã¶ãìÔããÀ (¹ãõÀã 3.8 ªñãò) ãä¶ãªñÍãã held on 22.03.2007, has set up a Remuneration ½ãâ¡Êã ããè ã ¹ã Ôããä½ããä¦ã Committee as per details ¹ãããäÀÑããä½ãã Ôããä½ããä¦ã Øããä¦ã ããè Øãà furnished hereinbefore Öõý (refer para 3.8). Íãñ¾ãÀ£ããÀããò ãñ ããä£ãããÀ Ôã¼ããè Íãñ¾ãÀ£ããÀããò ããñ ½ããÖãè Shareholders Rights All the shareholders are ¹ããäÀ¥ãã½ããò ããõÀ ÌãããäÓãÃã ãäÀ¹ããñà ããè provided with the Half Yearly results and Annual ÔãîÞã¶ãã ¹ãÊ㺣ã ãÀãà ãã¦ããè Öõ ý Report. ããùãä¡ ãÖæãã ã¹ãÆãä¦ãºãâãä£ã¦ã ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ããò ããè Audit Qualification Constant efforts are being ¹ãÆ¥ããÊããè ããè ããñÀ ºãü¤¶ãñ ãñ ãäÊã made to move towards a ãä¶ãÀ¶¦ãÀ ¹ãƾããÔã ãäã ãã ÀÖñ Ööý regime of unqualified financial statements. ºããñ¡Ã ãñ ÔãªÔ¾ããò ããñ ¹ãÆãäÍãàã¥ã ãä¶ãªñÍãããò ããñ ¹ãÆãä¦ããäӦ㠹ãÆãäÍãàã¥ã Training of Board The Board members are ÔãâÔ©ããããò ½ãò ¹ãÆãäÍãàã¥ã ãã¾ãÃã½ã Öñ¦ãì Members imparted training by ¶ãããä½ã¦ã ãäã¾ãã ãã¦ãã Öõ ý ¹ãƦ¾ãñã nominating them for ãä¶ãªñÍãã ããñ ¶ããñ / ¶ãããè ¼ãîãä½ããã training programmes at ¦ã©ãã ãäã½½ãñªããäÀ¾ããò ããõÀ ½ãÖ¦Ìã¹ãî¥ãà reputed training institutes. Each director is provided ½ãã½ãÊããò ¹ãÀ Ôãâ¹ãî¥ãà ãäÌãÌãÀ¥ã ªñ¦ãñ Öì with a reference manual Ôã⪼ãà ½ãõ¶ãìãÊã ã䪾ãã Øã¾ãã Öõ ý detailing his or her roles ØãõÀ-ãã¾ãùããÊãã ºããñ¡Ã ãñ ÔãªÔ¾ããò and responsibilities and Ö½ããÀñ ºãöã ½ãò ØãõÀ-ãã¾ãùããÊãã ºããñ¡Ã matters of importance. ãñ ½ãîʾããâã¶ã ããè ãã¾ãÃãäÌããä£ã ãñ ÔãªÔ¾ããò ãñ ½ãîʾããâã¶ã ããè ããñà ãã¾ãÃãäÌããä£ã ¹ãÊ㺣㠶ãÖãé Öõ Þãîúãäã Mechanism for The Bank does not have evaluating non such mechanism, as Ìã¦ãýãã¶ã ½ãò ¾ãÖ Ö½ã ¹ãÀ ÊããØãî ¶ãÖãé Öõý executive Board presently it is not Members applicable to us. ãäÌããäÔãÊã ºÊããñãÀ ¹ããùãäÊãÔããè Ìã¦ãýãã¶ã ½ãò ºãöã ãñ ¹ããÔã ããñà Þãñ¦ããÌã¶ããè Whistle Blower Policy Presently the Bank does (Þãñ¦ããÌã¶ããè ¶ããèãä¦ã) ¶ããèãä¦ã (ãäÌããäÔãÊã ºÊããñãÀ ¹ããùãäÊãÔããè) ¶ãÖãé not have a Whistle Blower policy. However no Öõý ããùãä¡ Ôããä½ããä¦ã Ôãñ Ôãâ¹ããà ãÀ¶ãñ persons have been Ôãñ ãäãÔããè ¼ããè ̾ããäã¦ã ããñ ½ã¶ãã ¶ãÖãé denied access to the ãäã¾ãã Øã¾ãã Öõ ý Audit Committee.
ãä¶ãªñÍãã ½ãâ¡Êã ãñ ãäÊã Ìãâ ¶ãããè ããñÀ Ôãñ For and on behalf of the Board of Directors
Þãñ¶¶ãõ (Ôãû û ¼ã) Chennai (S A BHAT) 29 ã¹ãÆõÊã 2010 㣾ãàã Ìãâ ¹ãƺãâ£ã ãä¶ãªñÍãã 29th April 2010 Chairman and Managing Director
60 ÌãÓãà 2009-10 ãñ ãäÊã ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ ãä¶ãªñÍãã ANNEXURE TO REPORT OF ½ãâ¡Êã ããè ãäÀ¹ããñà ãñ ãäÊã ã¶ãìºãâ£ã THE BOARD OF DIRECTORS ON CORPORATE GOVERNANCE FOR THE YEAR 2009-10 ãä¶ãªñÍãããò ãã ããèÌã¶ã ¹ããäÀÞã¾ã DIRECTORS PROFILE 01 ¶ãã½ã Ñããè Ôã..¼ã 01 Name Shri S. A. Bhat 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã Chairman and Managing Director ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 59 ÌãÓãà - 20.10.1950 Age and Date of Birth 59 years - 20.10.1950 ¾ããñؾã¦ãã ºããè.ÔãÔããè (ãã¶ãÔãÃ), Ôããèããããºããè ¼ããØã 1 Qualification B.Sc (Hons.) CAIIB Part I ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 04.06.2007 Date of Appointment 04.06.2007 Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the Ôã½ããã书ã ããè ¦ããÀãèã 31.10.2010 Current term 31.10.2010 ã¶ãì¼ãÌã ºãöãäãâØã ½ãò 38 ÌãÓããô ãã ã¶ãì¼ãÌã Öõý ÌãÓãà 1972 ½ãò Experience Having 38 years of banking experience. Joined Bank of India as Probationary ¹ããäÀÌããèàãã£ããè¶ã ããä£ãããÀãè ãñ ¹㠽ãò ºãöã ããù¹ã ã䥡¾ãã Officer in 1972. He took over as ½ãò ¼ã¦ããê Öìý 2 ¹ãÀÌãÀãè 2006 ããñ ¾ãîããñ ºãöã ãñ Executive Director of UCO Bank on 2nd ãã¾ãùããÊãã ãä¶ãªñÍãã ãñ ¹㠽ãò ãã¾ãüããÀ ØãÆÖ¥ã ãäã¾ãã February 2006 and held this position ããõÀ ããããñºããè ½ãò Ìã¦ãýãã¶ã ãã¾ãüããÀ ØãÆÖ¥ã ãÀ¶ãñ ¦ãã till his present assignment at IOB. He Ô㠹㪠¹ãÀ ÀÖñý ºãöãäãâØã ãñ Ôã¼ããè àãñ¨ããò ½ãò ªñÍããè ããõÀ has vast experience across the entire ãäÌãªñÍããè ¹ããäÀÞããÊã¶ããò ½ãò ãäÌããä¼ã¸ã ¹ãªãò ¹ãÀ ãã¹ãããñ ̾ãã¹ãã gamut of banking in various capacities ã¶ãì¼ãÌã Öõý ãäÌããä¼ã¸ã Ôããä½ããä¦ã¾ããò, ãõÔãñ ¦ãã¶ããèããè in domestic and overseas operations. ÔãÊããÖããÀ Ôããä½ããä¦ã, ºãñÔãÊã II ãñ ãäÊã ãäÔ¾ããäÀâØã He has made many contributions to ØãÆì¹ã, ãä¶ã¾ããæãããò ãñ ãäÊã ¨ãÉ¥ã ÔãÊããÖããÀ ¹ãÆ¥ããÊããè ¹ãÀ the Banking Industry, as a member of several committees such as the Ôããä½ããä¦ã ããõÀ Êã½ã ãñ ¹ããäÀÍããñ£ã¶ã ãñ ãäÊã ãã¾ãà Technical Advisory Committee, ªÊã ãñ ÔãªÔ¾ã ãñ ¹㠽ãò ãã¹ã¶ãñ ºãöãäãâØã ²ããñØã ããñ Steering Group for Basel II, Committee ãà ¾ããñØãªã¶ã ãäª Ööý ¾ãñ Ôã¼ããè Ôããä½ããä¦ã¾ããâ ¼ããÀ¦ããè¾ã on Credit Advisory System for ãäÀûãÌãà ºãöã ´ãÀã Øããä¦ã ããè Øãà ©ããéý ºãñÔãÊã II ãñ Exporters, and Working Group for ãã¾ããöÌã¾ã¶ã ãñ ãäÊã ãã¾ãùã®ãä¦ã ¦ãõ¾ããÀ ãÀ¶ãñ ãñ revision of ALM, all of which were ãäÊã ¼ããÀ¦ããè¾ã ºãöã ÔãâÜã ããè Ôããä½ããä¦ã ½ãò ¼ããè ãã¹ã Íãããä½ãÊã constituted by Reserve Bank of India. ©ãñý ºãöã ããù¹ã ã䥡¾ãã ½ãò ã¹ã¶ããè ãã¾ããÃÌããä£ã ãñ He was also on the Indian Banks ªãõÀã¶ã ãã¹ã ÔããèÔããèãã, ããÊã ¥¡ ¹ãÔã Associations Committee for drawing ¦ã©ãã ¥¡ãñ ããã佺ã¾ãã ºãöã ãñ ãäÊã ¶ãããä½ã¦ããè ãä¶ãªñÍãã Road Map for implementation of Basel II. During his tenure in Bank of India, ©ãñý he was nominee director for STCI, IL ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãã & FS and Indo Zambia Bank. Shareholding in IOB 㶾ã ãä¶ãªñÍãã¦ãã ¾ãîãä¶ãÌãÔãÃÊã Ôããñ½¹ããñ ã¶ãÀÊã â;ããñÀñ¶Ôã ãâ.ãäÊã. ½ãò Nil ããããñºããè ãñ ¶ãããä½ã¦ããè ãä¶ãªñÍãã Other Directorships Nominee Director of IOB in Universal Sompo General Insurance Co. Ltd.
02 ¶ãã½ã Ñããè Ìããà Êã ½ãªã¶ã 02 Name Shri Y L Madan ãã¾ãùããÊãã ãä¶ãªñÍãã Executive Director ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 59 ÌãÓãà - 24.08.1950 Age and Date of Birth 59 years - 24.08.1950 ¾ããñؾã¦ãã ½ã.ÔãÔããè.,½ã ºããè , Ôããèããããºããè Qualification M.Sc.,MBA, CAIIB ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 16.05.2008 Date of Appointment 16.05.2008 Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the Ôã½ããã书ã ããè ¦ããÀãèã 31.08.2010 Current term 31.08.2010 ã¶ãì¼ãÌã ºãöãäãâØã ½ãò 37 ÌãÓããô ãã ã¶ãì¼ãÌã Öõý ãã¹ã¶ãñ 1973 ½ãò Experience Having 37 years of banking experience. ãñ¶ãÀã ºãöã ½ãò ¹ãÆãäÍãàãì ããä£ãããÀãè ãñ ¹㠽ãòñ ãã¾ãà He joined Canara Bank in 1973 as ¹ãÆãÀâ¼ã ãäã¾ãã ããõÀ 35 ÌãÓããô ãã ã¶ãì¼ãÌã Öõ ý ãã¹ã¶ãñ Officer Trainee and has 35 years of ããä£ãã¦ãÀ ¹ãâããºã ãñ ¦¦ãÀãè àãñ¨ããò, ÖãäÀ¾ãã¥ãã, Þ㥡ãèØã¤, experience there. He served mostly in northern areas of Punjab, Haryana,
61 ãäºãÖãÀ, ãäªÊÊããè ½ãò ãã¾ãà ãäã¾ããý ãã¹ã¶ãñ ªãñÖã, ã¦ããÀ Chandigarh, Bihar, Delhi and had a ½ãò ãñ¶ãÀã ºãöã ãñ ¹ãƺ㶣ã¶ãã£ããè¶ã ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã posting at Overseas Exchange ãâ¹ã¶ããè ½ãò ãã¾ãà ãäã¾ããý ãã¹ã¶ãñ ãñ¶ãÀã ºãöã ¹ãÆãäÍãàã¥ã Company in Doha, Qatar, managed by ãñ¶³, ½ãìâºãà ½ãò ã ÌãÓãÃà ¦ãã Ôãâãã¾ã ÔãªÔ¾ã ãñ ¹ã Canara Bank. He had a one year stint as Faculty in Canara Bank Training Centre, ½ãò ãã¾ãà ãäã¾ããý ãã¹ã ãñ¶ãÀã ºãöã ½ãò ãã¦ãîºãÀ 2003 Mumbai. He was General Manager in Ôãñ ãã ããñ ºããè ½ãò ãã¾ãùããÊãã ãä¶ãªñÍãã ããè ãä¶ã¾ãìãäã¦ã Canara Bank from October 2003 until ¦ãã ½ãÖã ¹ãƺ㶣ãã ãñ ¹㠽ãò ãã¾ãÃÀ¦ã ÀÖñý his appointment in IOB as its Executive ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãã Director. Shareholding in IOB Nil 㶾ã ãä¶ãªñÍãã¦ãã Íãã Other Directorships Nil
03 ¶ãã½ã Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã 03 Name Smt. Nupur Mitra ãã¾ãùããÊãã ãä¶ãªñÍãã Executive Director ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 57 ÌãÓãà - 08.12.1952 Age and Date of Birth 57 years - 08.12.1952 ¾ããñؾã¦ãã ºããèÔãÔããè, ÊãÊãºããè Qualification B.Sc., L.L.B. ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 07.12.2009 Date of Appointment 07.12.2009 Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the Ôã½ããã书ã ããè ¦ããÀãèã 31.12.2012 Current term 31.12.2012 ã¶ãì¼ãÌã ºãöãäãâØã ½ãò 34 ÌãÓããô ãã ã¶ãì¼ãÌã Öõý ãã¹ã¶ãñ ÌãÓãà 1975 Experience Having 34 years of experience in ½ãò ºãöã ããù¹ã ã䥡¾ãã ½ãò Ôããè£ããè ¼ã¦ããê ããä£ãããÀãè ãñ banking field. She joined Bank of India in 1975 as Direct Recruit Officer. She ¹㠽ãò ãã¾ãüããÀ Ôãâ¼ããÊããý ãã¹ã¶ãñ Íããããããò ããõÀ served in various capacities at Branches ãâÞãÊã ãã¾ããÃÊã¾ã ½ãò ãäÌããä¼ã¸ã ¹ãªãò ¹ãÀ ãã¾ãà ãäã¾ãã Öõý and Zonal Offices. She moved over to ÌãÓãà 2001 ãñ ½ã£¾ã ½ãò ãã¹ã Êã⪶ã Íãããã ãñ ¹ãƽãìã head London Branch in mid 2001 and ãñ ¹㠽ãò ãäÌãªñÍã ØãÄ ããõÀ ºã㪠½ãò ¾ãîÀãñ¹ã ãñ ¹ããäÀÞããÊã¶ããò thereafter she was Chief Executive of ãñ ãäÊã ½ãì¾ã ãã¾ãùããÊãã ãñ ¹㠽ãò ÀÖãéý Ìãã¹ãÔã Europe Operations. Back in India, she ¼ããÀ¦ã ãããÀ ãã¹ã ºãöã ãñ ½ãâìºãà ããõÀ Þãâ¡ãèØãü¤ ãâÞãÊããò headed the Mumbai and Chandigarh ããè ¹ãƽãìã ÀÖãéý ºãöã ããù¹ã âã䡾ãã ãñ ãã¹ããóÀñ Zones of the Bank. She was General ãã¾ããÃÊã¾ã ½ãò ãã¹ã ½ãÖã ¹ãƺãâ£ãã ãñ ¹㠽ãò ÀÖãé, ãÖãú Manager at the Corporate Office of Bank ãã¹ã¶ãñ ãã ããñ ºããè ½ãò ãã¾ãùããÊãã ãñ ¹㠽ãò ãä¶ã¾ãìã¦ã of India, in charge of Credit, SME, Retail Banking (Deposit & Advances), Card Öãñ¶ãñ ¦ãã £ããÀ, Ôã½ãÃ, ãäÀñÊã ºãöãäãâØã (ã½ãã Ìã Products, Public Relations, Depository ããäØãƽã), ãã¡Ã ¦¹ããªãò, ã¶ã Ôãâ¹ããÃ, ã䡹ããùãäûãÀãè Services etc. until her appointment in ÔãñÌããããò ãããäª ãã ãã¾ãüããÀ Ôãâ¼ããÊããý IOB as its Executive Director. ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãã Shareholding in IOB Nil 㶾ã ãä¶ãªñÍãã¦ãã Íãã Other Directorships Nil
04 ¶ãã½ã ¡ãù. ãäÌã¶ããè¦ãã ãì½ããÀ 04 Name Dr. Vinita Kumar ¼ããÀ¦ã ÔãÀããÀ ããè ¶ãããä½ã¦ããè GoI Nominee Age and Date of Birth 55 years - 25.12.1954 ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 55 ÌãÓãà - 25.12.1954 Qualification Ph.D, M.A.(Eco), Indian Economic ¾ããñؾã¦ãã ¹ããèÞã.¡ãè, ½ã.. (ã©ãÃÍããÔ¨ã), ¼ããÀ¦ããè¾ã ãããä©ãÃã Service (1977) ÔãñÌããú (1977) Date of Appointment 10.06.2008 ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 10.06.2008 Date of expiry of the Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Current term Until further orders from Govt. Ôã½ããã书ã ããè ¦ããÀãèã ÔãÀããÀ Ôãñ ããØãñ ããªñÍã ãä½ãÊã¶ãñ ¦ãã Experience She is presently Economic Advisor, Department of Financial Services, ã¶ãì¼ãÌã Ôã½¹ãÆãä¦ã ãã¹ã ¼ããÀ¦ã ÔãÀããÀ , ãäÌ㦦㠽ãâ¨ããÊã¾ã ãñ ãããä©ãÃã Ministry of Finance, GOI. She held the ÔãñÌããú ãäÌã¼ããØã ½ãò ãããä©ãÃã ÔãÊããÖããÀ Ööý ãã¹ã Ìãããä¥ã¾ã position of Additional Economic ãäÌã¼ããØã ½ãò ã¹ãÀ ãããä©ãÃã ÔãÊããÖããÀ ÀÖ Þãìããè Öõý Advisor, Dept. of Commerce. She has
62 ãã¹ã ªãñ ¹ãìÔ¦ãããòñ ããè Êãñãäããã Öö - (1) ããñ¶ããùãä½ãã authored two books (1) Economic ØãÆãñ©ã ¥¡ ÂÀÊã ¹ããùÌããê : ª ã䥡¾ã¶ã ãÔã¹ããèãäÀ¾ãâÔã Growth and Rural Poverty:The Indian (1960-65) (2) Êããä¶ãÄØã î Íãñ¾ãÀ : ãÔã¹ããèãäÀ¾ãâÔãñÔã Experience (1960-65) and (2) ¥¡ ãäÀ¹ãÊãñãÍãâÔã ããù¶ã ¹ããèããÀ ¥¡ ã½¾ãîãä¶ããè Learning to Share: Experiences and Reflections on PRA and Community ¹ãããäÃãäÔã¹ãñÍã¶ãý Participation ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãã Shareholding in IOB Nil 㶾ã ãä¶ãªñÍãã¦ãã Íãã Other Directorships Nil
05 ¶ãã½ã Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 05 Name Smt. Chitra Chandramouliswaran ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ¶ãããä½ã¦ããè RBI Nominee ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 65 ÌãÓãà - 26.07.1944 Age and Date of Birth 65 years - 26.07.1944 ¾ããñؾã¦ãã ½ã .ÔãÔããè, Ôããèããããºããè Qualification M.Sc., CAIIB., ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 27.02.2007 Date of Appointment 27.02.2007 Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the Current term Until further orders from Govt., Ôã½ããã书ã ããè ¦ããÀãèã ÔãÀããÀ Ôãñ ããØãñ ããªñÍã ãã¶ãñ ¦ãã Experience Joined RBI in 1967 and has worked in ã¶ãì¼ãÌã ãã¹ã ÌãÓãà 1967 ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ½ãò ¼ã¦ããê ÖìÄ various capacities in IECD, DBOD and ããõÀ ãã¹ã¶ãñ ãò³ãè¾ã ãã¾ããÃÊã¾ã, ½ãìâºãà ½ãò ããÔããè¡ãè, Foreign Exchange (Exchange Control) ¡ãèºããèããñ¡ãè ããõÀ ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã (ãäÌããä¶ã½ã¾ã ãä¶ã¾ãâ¨ã¥ã) Departments and RBIs Central Office ãäÌã¼ããØããò ½ãò ãäÌããä¼ã¸ã ¹ãªãò ¹ãÀ ãã½ã ãäã¾ãã Öõý ãã¹ã ÌãÓãà in Mumbai. She retired as Chief General 2004 ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ½ãì¾ã ½ãÖã ¹ãƺãâ£ãã Manager of Reserve Bank of India in ãñ ¹㠽ãò ÔãñÌãããä¶ãÌãð¦¦ã Öìà Öö ý 2004. ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãã Shareholding in IOB Nil 㶾ã ãä¶ãªñÍãã¦ãã Íãã Other Directorships Nil
06 ¶ãã½ã Ñããè ¶ã.Ñããè£ãÀ¶ã 06 Name Shri N. Sridaran ã½ãÃããÀ ãä¶ãªñÍãã Workmen Director ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 59 ÌãÓãà - 10.12.1950 Age and Date of Birth 59 years - 10.12.1950 ¾ããñؾã¦ãã ÔãÔãÊãÔããè Qualification SSLC ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 20-04-2007 Date of Appointment 20.04.2007 Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the Ôã½ããã书ã ããè ¦ããÀãèã 19-04-2010 Current term 19.04.2010 ã¶ãì¼ãÌã 02-05-1972 ½ãò ºãöã ½ãò ¼ã¦ããê Öìý ããããñºããè ½ãò Experience Joined the Bank on 02.05.1972. Having 37 ÌãÓããô Ôãñ ããä£ãã ã¶ãì¼ãÌã Öõý ãã¹ã ããããñºããè ½ãò 37 years experience in IOB, he is at ãä¹ãÊãÖãÊã ãäÌãÍãñÓã ÔãÖã¾ãã ¹ãÆÌãØãà ½ãò Ööý present a special cadre assistant in IOB. Shareholding in IOB 100 shares ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã 100 Íãñ¾ãÀ Other Directorships Nil 㶾ã ãä¶ãªñÍãã¦ãã Íãã
07 ¶ãã½ã Ñããè ãñ. ãã¶ã⪠ãì½ããÀ 07 Name Shri K. Ananda Kumar ããä£ãããÀãè ã½ãÃÞããÀãè ãä¶ãªñÍãã Officer Employee Director ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 54 ÌãÓãà - 30.08.1955 Age and Date of Birth 54 years - 30.08.1955 ¾ããñؾã¦ãã ºããè.ããù½ã, .Ôããè.., Ôããèããããºããè Qualification B Com., A.C.A., CAIIB ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 26.03.2010 Date of Appointment 26.03. 2010 Date of expiry of the Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè 25.03.2013 ¦ãã ¾ãã ãã.ããñ.ºããè ãñ ããä£ãããÀãèè ãñ ¹㠽ãò 25.03.2013 or until he ceases to be an Current term officer of IOB or until further orders. Ôã½ããã书ã ããè ¦ããÀãèã ¶ããñ ãã¾ãÃããÊã ããè Ôã½ããã书㠦ãã ¾ãã ãØãÊãñ ããªñÍã ¦ãã Experience Joined the Bank on 14.12.1981. ã¶ãì¼ãÌã ºãöã ½ãò 14.12.1981 ããñ ¼ã¦ããê Öìý ãã.ããñ.ºããè Possesses 28 years experience. At ½ãò 28 ÌãÓããô ãã ã¶ãì¼ãÌã Öõý ãã¹ã ãã.ããñ.ºããè ½ãò
63 ÌããäÀÓ ¹ãƺãâ£ãã ãñ ¹ãª ¹ãÀ Ööý present a Senior Manager in IOB. ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã 2400 Shareholding in IOB 2400 shares 㶾ã ãä¶ãªñÍãã¦ãã Íãã Other Directorships Nil
08 ¶ãã½ã Ñããè ºããè Ìããè ã¹¹ãã ÀãÌã 08 Name Shri B V Appa Rao ãâÍããããäÊãã ØãõÀ ÔãÀããÀãè Part Time Non Official ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 59 ÌãÓãà - 06.06.1950 Age and Date of Birth 59 years - 06.06.1950 ¾ããñؾã¦ãã ºããè.ãã½ã, ¹ãÔããè Qualification B.Com., FCA ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 29 08 2008 Date of Appointment 29 08 2008 Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the Ôã½ããã书ã ããè ¦ããÀãèã 28 08 2011 Current term 28 08 2011 ã¶ãì¼ãÌã 1980 ½ãò Ôã¶ãªãè ÊãñããããÀ ããè ¾ããñؾã¦ãã ¹ãÆ㹦ã ãÀ Ñããè Experience A qualified Chartered Accountant in ºããè Ìããè ã¹¹ãã ÀãÌã ¶ãñ ¦ã¦ããÊã ã㶣ãÆã ºãöã ½ãò ã 1980, Shri B V Appa Rao, joined Andhra ããä£ãããÀãè ãñ ¹㠽ãò ÔãñÌãã ¹ãÆãÀâ¼ã ãÀãñ 6 ÌãÓãà ãã¾ãà Bank as Officer and served for 6 years. Leaving Andhra Bank, he joined M/s ãäã¾ããý Ôããñ ¹ãÍÞãã¦ã ãã¹ã¶ãñ ã㶣ãÆ ¹ãƪñÍã ãñ ½ãñÔãÔãà The Andhra Sugars Limited of Andhra ª ã㶣ãÆã ÍãìØãÔãà ãäÊããä½ãñ¡ ããù¹ã ã㶣㠹ãƪñÍã ½ãò Pradesh in the Senior Management and ÌããäÀÓ ¹ãƺ㶣ã¶ã ½ãò 7 ÌãÓããô ¦ãã ÔãñÌãã ããèý Ìã¦ãýãã¶ã ½ãò served for 7 years. He is presently a ãã¹ã ÌãÓãà 1994 ½ãò ØãìâîÀ ½ãò ¹ãÆãÀâ¼ã ½ãñÔãÔãà ºããè Ìããè Senior Partner in M/s. B V Rao ÀãÌã ãÔããñãäÍã¾ãñáÔã, Þããáà ããâòÔãá ½ãò ÌããäÀÓ Associates, Chartered Accountants, Ôãã¢ãñªãÀ Öõý Guntur started in the year 1994. ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãã Shareholding in IOB Nil 㶾ã ãä¶ãªñÍãã¦ãã Íãã Other Directorships Nil
09 ¶ãã½ã Ñããè ÔãîÀã ã¨ããè 09 Name Shri Sooraj Khatri ãâÍããããäÊãã, ØãõÀ ÔãÀããÀãè Part Time Non Official ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 54 ÌãÓãà - 06.08.1955 Age and Date of Birth 54 years 06.08.1955 ¾ããñؾã¦ãã ºããèÔãÔããè, ÊãÊãºããè, Ñã½ã ãäÌããä£ã ½ãò ã䡹Êããñ½ãã Qualification B.Sc., L.L.B., Dip. In Labour Law ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 26.10.2009 Date of Appointment 26.10.2009 Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the Ôã½ããã书ã ããè ¦ããÀãèã 25.10.2012 Current term 25.10.2012 ã¶ãì¼ãÌã ÀããÔ©ãã¶ã ÞÞã ¶¾ãã¾ããÊã¾ã ½ãò ãäÌããä£ã Ôãñ Ôãâºãâãä£ã¦ã ¡Ìããñ Experience Practicing legal profession as an Advocate in Rajasthan High Court. He Ööý ãã¹ã ã ¹ã¨ãããÀ, Ôãâ¹ããªã ããõÀ ¹ãÆããÍãã ¼ããè is also a Journalist, Editor and Publisher. Ööý Shareholding in IOB Nil ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãã Other Directorships Nil 㶾ã ãä¶ãªñãäÍãã¦ãã Íãã
10 ¶ãã½ã Ñããè ãÍããñã ãì½ããÀ ¼ããØãÃÌã 10 Name Shri Ashok Kumar Bhargava Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã Shareholder Director ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 66 ÌãÓãà - 10-5-1943 Age and Date of Birth 66 years - 10.05.1943 ¾ããñؾã¦ãã ºããè .ããù½ã, ÊãÊãºããè, Ôããèããããºããè Qualification B.Com, L L B., CAIIB ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 08 12 2008 Date of Appointment 08.12.2008 Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the Ôã½ããã书ã ããè ¦ããÀãèã 07 12 2011 Current term 07.12.2011 Experience ã¶ãì¼ãÌã ¹ãâããºã ¶ãñÍã¶ãÊã ºãöã ãñ ½ãÖã ¹ãƺãâ£ãã ãñ ¹㠽ãò Retired as General Manager of Punjab ÔãñÌãããä¶ãÌãð¦¦ã Öìý 40 ÌãÓããô ãã ã¶ãì¼ãÌã Àã¶ãñ ÌããÊãñ National Bank. A professional banker with 40 years of experience. He is at
64 ̾ããÌãÔãããä¾ãã ºãöãÀý Ìã¦ãýãã¶ã ½ãò ¹ãƺãâ£ã¶ã ããõÀ ãäÌ㦦ããè¾ã present a Management and Financial ÔãÊããÖããÀ Ööý Consultant. ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã 500 Íãñ¾ãÀ Shareholding in IOB 500 shares Other Directorships SMS Power Generation Limited 㶾ã ãä¶ãªñÍãã¦ãã Ôã½ãÔã ¹ããÌãÀ ã¶ãÀñÍã¶ã ãäÊããä½ãñ¡ Delhi Assam Roadways Corporation ãäªÊÊããè ãÔã½ã Àãñ¡Ìãñûã ãã¹ããóÀñÍã¶ã ãäÊããä½ãñ¡ Limited ÈãâÔãÀõÊã ÊãããäããäÔãÔã ãäÊããä½ãñ¡ Transrail Logistics Limited
11 ¶ãã½ã ¡ãù. ãäÞãÀâããèºã Ôãñ¶ã 11 Name Dr. Chiranjib Sen Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã Shareholder Director ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 63 ÌãÓãà - 29 09 1946 Age and Date of Birth 63 years - 29.09.1946 ¾ããñؾã¦ãã ½ã (ã©ãÃÍããÔ¨ã), ¹ããèÞã.¡ãè Qualification M.A(Econ), Ph D ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 08 12 2008 Date of Appointment 08.12.2008 Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the Ôã½ããã书ã ããè ¦ããÀãèã 07 12 2011 Current term 07.12.2011 ã¶ãì¼ãÌã ã䥡¾ã¶ã âÔãè¿ãî ããù¹ã ½ãñ¶ãñã½ãñ¥, ºãöØãÊãîÀ ½ãò Experience Professor of Economics in the Indian ããñ¶ããñãä½ããÔã ãñ ¹ãÆãñ¹ãñÔãÀ Öö ããõÀ ¼ããÀ¦ã ããõÀ ãäÌãªñÍã Institute of Management, Bangalore and ½ãò ÊãØã¼ãØã 13 ãäÌãÍÌããäÌã²ããÊã¾ããò ½ãò ããä¦ããä©ã ¹ãÆãñ¹ãñÔãÀ a visiting Professor of about 13 Öö ý universities in India and abroad. ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã 150 Shareholding in IOB 150 shares 㶾ã ãä¶ãªñÍãã¦ãã ãì³ñ½ãìã ãã¾ã¥ãà ããñÀ ãâ¹ã¶ããè ãäÊã. Other Directorships Kudremukh Iron Ore Company Limited
12 ¶ãã½ã Ñããè ÌãñÊÊã¾ã¶ã 12 Name SHRI A VELLAYAN Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã Shareholder Director ãã¾ãì ããõÀ 㶽ã-ãä¦ããä©ã 56 ÌãÓãà - 09 01 1953 Age and Date of Birth 56 years - 09.01.1953 ¾ããñؾã¦ãã ºããè .ããù½ã, ¾ãî.ãñ ãñ ÌãããäÌãÃã ãäºãã¶ãñÔã ÔãîÊã Qualification B.Com, Masters in Business Studies, ãäÌãÍÌããäÌã²ããÊã¾ã Ôãññ ãäºãã¶ãñÔã Ô¡ãèÔã ½ãò Ô¶ãã¦ãããñ¦¦ãÀ University of Warwick Business School, ãäã¾ããý UK ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 08 12 2008 Date of Appointment 08.12.2008 Date of expiry of the Ìã¦ãýãã¶ã ãã¾ããÃÌããä£ã ããè Current term Ôã½ããã书ã ããè ¦ããÀãèã 07 12 2011 07.12.2011 Experience A Management graduate from the ã¶ãì¼ãÌã ¾ãî.ãñ ½ãò ÌãããäÌãÃã ãäºãã¶ãñÔã ÔãîÊã ãäÌãÍÌããäÌã²ããÊã¾ã University of Warwick Business School Ôãñ ¹ãƺ㶣ã¶ã Ô¶ãã¦ãã ããõÀ ºããä½ãÄØãÖã½ã, ¾ãî.ãñ ãñ in UK and a diploma holder in Industrial Ô¶ã ãäÌãÍÌããäÌã²ããÊã¾ã Ôãñ ããõ²ããñãäØãã ¹ãÆÍããÔã¶ã Administration from the University of ½ãò ã䡹Êããñ½ãã ¹ãã¾ããèý ãã¹ã ½ãìÁØã¹¹ãã ØãÆì¹ã Ôãñ ãì¡ñ Aston, Birmingham, UK. He is Öö ããñ ã ãäºãã¶ãñÔã ÔãâØã¶ã Öõ ¦ã©ãã Ôããã ¹ãÆ£ãã¶ã associated with the Murugappa group, ãã¾ããÃÊã¾ã Þãñ¸ãõ ½ãò Öõý Ôã Ôã½ãîÖ ãã ¹ãƽãìã a business conglomerate ãã¾ãÃàãñ¨ã ããÀãñºããÀ ãñ ãäÌããä¼ã¸ã àãñ¨ã ãõÔãñ headquartered in Chennai, with âããèãä¶ã¾ããäÀâØã, ãºãÆñãäÔãÌÔã, ãäÌ㦦ã, Ôãã½ã㶾㠺ããè½ãã, interests in diverse areas of business including Engineering, Abrasives, ÔãããäãÊÔã, ÍãìØãÀ, ¹ãã½ãà ¶¹ãìáÔã, ÌãÃÀã, Finance, General Insurance, Cycles, ÌãðàããÀãñ¹ã¥ã, ãõÌã ¦¹ã㪠ããõÀ ¶¾ãîÈãÔ¾ãîãäãÊÔã Sugar, Farm Inputs, Fertilizers, Öõý Ñããè ÌãñÊÊã¾ã¶ã Ãããáãè ¹ãõÀãè (ã䥡¾ãã) Plantations, Bio-products and ãäÊããä½ãñ¡ ããõÀ ããñÀ½ãâ¡Êã ¹ããäÃÊãããÔãà Nutraceuticals. Shri Vellayan is the ãäÊããä½ãñ¡ ¶ãã½ãã ªãñ ÔããÌãÃããä¶ãã àãñ¨ã ããè ãâ¹ããä¶ã¾ããò Chairman of two Public Limited ãñ 㣾ãàã Öö ý Ôããñ ãÊããÌãã ãã¹ã ã¶ãñã Companies viz. EID Parry (India) ¹ãÆãä¦ããäÓ¦ã ÔããÌãÃããä¶ãã ãäÊããä½ãñ¡ ãâ¹ããä¶ã¾ããò ãñ Limited and Coromandel International ½ãâ¡Êã ½ãò ¼ããè ãã¾ãÃÀ¦ã Ööý Limited and is also on the Board of several reputed Public Limited companies.
65 Ñããè ÌãñÊÊã¾ã¶ã ªãäàã¥ã ¼ããÀ¦ããè¾ã Þãõ½ºãÀ ããù¹ã ãã½ãÔãà Shri Vellayan is the President for ããõÀ â¡ÔÈãè ãñ 㣾ãàã Öö ý ãã¹ã ãä¹ããããè, Southern Indian Chamber of ãäªÊÊããè Ìãâ ¹ããêÊããûãÀ ÔããñãäÔãÍã¶ã ããù¹ã Commerce & Industry and a member âã䡾ãã ãñ ãã¾ãùããÊãã Ôããä½ããä¦ã ãñ ÔãªÔ¾ã Öõâý of the Executive Committee of FICCI, Delhi and The Fertiliser Association of India. ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã 100 Íãñ¾ãÀ Shareholding in IOB 100 shares 㶾ã ãä¶ãªñÍãã¦ãã Ãããáãè ¹ãõÀãè (ã䥡¾ãã) ãäÊããä½ãñ¡ Other Directorships EID Parry (India) Limited ããñÀ½ãâ¡Êã âÀ¶ãñÍãÊã¶ã ãäÊã. Coromandel International Limited ÞããñÊã½ãâ¡Êã½ã ½ã Ôã ã¶ãÀÊã â;ãîÀòÔã ãâ¹ã¶ããè ãäÊããä½ãñ¡ Cholamandalam MS General Insurance Co. Ltd. ã¶ããñãäÀ¾ãã ãõãä½ããÊÔã ¥¡ â¡ÔÈãèã ãäÊããä½ãñ¡ Kanoria Chemicals & Industries Limited ã䥡¾ã¶ã ¹ããññãÍã ãäÊããä½ãñ¡ Indian Potash Limited Àãñãã ºãã©ã½㠹ãÆãñ¡ñãáÔã ¹ãÆãÌãñ ãäÊã. Roca Bathroom Products Private Limited ãäÔãÊãÀãñ¡ ÍãìØãÀ ¹ãÆãÌãñ ãäÊããä½ãñ¡ Silkroad Sugar Private Limited ¹ãõÀãè ¶¹ãÆãÔÈãÞãÀ ãâ¹ã¶ããè ¹ãÆãÌãñ ãäÊããä½ãñ¡ Parry Infrastructure Company Private ãä¶ããä½ã¦ãã ÔããñʾãîÍã¶Ôã ¹ãÆãÌãñ ãäÊããä½ãñ¡ Limited Nimita Solutions Private Limited ¹ããñÔãÀ ¹ãÆãÌãñ ãäÊããä½ãñ¡, ããñÖ¸ãñÔãºãØãÃ, ªãäàã¥ã ããä¹ãÆãã Foskor Private Limited, Johannesburg, South Africa Ôããè¹ãÊã ½ããõãäÀÍãÔã ãäÊããä½ãñ¡ CFL Mauritius Limited ¹ãõÀãè ã½ãñãäÀãã âã., ¾ãîÔã Parry America Inc. USA
66 ¦ããÀ /Telegram : INDOSEAS ñÊããè¹ããñ¶ã/Telephone : 28519491, 28415702 Ã-½ãñÊã/E-Mail : [email protected] ¹ãõãÔã/Fax : 044-28523372/28585675
ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã, ¹ããñ.ºããù. ¶ãâ.3765, 763, 㥥ãã ÔããÊãõ, Þãñ¶¶ãõ 600 002 Central Office: P.B.No.: 3765, 763, Anna Salai, Chennai 600 002
ÜããñÓã¥ãã DECLARATION Ôã ºãã¦ã ããè ¹ãìãäÓ ããè ãã¦ããè Öõ ãäã ºãöã ¶ãñ ½ãâ¡Êã ãñ This is to confirm that the Bank has laid down Ôã¼ããè ÔãªÔ¾ããò ããõÀ ºãöã ãñ ÌããäÀÓ ¹ãƺãâ£ã¶ã (¾ãã¶ããè ½ãÖã a Code of Conduct for all the Board Members and Senior Management (ie. General ¹ãƺãâ£ãããò) ãñ ãäÊã ããÞããÀ ÔãâãäÖ¦ãã ãä¶ã£ããÃãäÀ¦ã ããè Öõ ããõÀ Managers) of the Bank and the said code is Ôãñ ºãöã ãñ ÌãñºãÔãã ¹ãÀ ¡ãÊã ã䪾ãã Øã¾ãã Öõ ý ½ãâ¡Êã posted on the website of the Bank. The Board ãñ ÔãªÔ¾ããò ããõÀ ÌããäÀÓ ¹ãƺãâ£ã¶ã ¶ãñ ããÞããÀ ÔãâãäÖ¦ãã ãã Members and Senior Management have ã¶ãì¹ããÊã¶ã ãÀ¶ãñ ããè ¹ãìãäÓ ããè Öõ ý affirmed compliance with the Code of Conduct.
ãð¦ãñ ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã For Indian Overseas Bank
(Ôã.. ¼ã) (S. A. Bhat) 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã Chairman and Managing Director
67 ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank ãò³ãè¾ã ãã¾ããÃÊã¾ã,763,㥥ãã ÔããÊãõ,Þãñ¸ãõ- 600 002 Central Office : 763, Anna Salai, Chennai - 600 002
29 ã¹ãÆõÊã 2010 29th April 2010 ãä¶ãªñÍãã ½ãâ¡Êã THE BOARD OF DIRECTORS ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã INDIAN OVERSEAS BANK 31 03 2010 ããñ Ôã½ã㹦ã 12 ½ãÖãè¶ããò ãñ ãäÊã ºãöã ãñ ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ã Financial Statements of the Bank for the 12 months ended 31.03.2010-Clause 49-V of the Listing Agreement with Ôãùã ãÔÞãòããò ãñ Ôãã©ã ÔãîÞããèºã® ãÀãÀ ãã 㥡 49-V ÔããèÃããñ the Stock Exchanges - CEO/CFO Certification Ôããè¹ãããñ ãã ¹ãƽãã¥ããèãÀ¥ã In terms of Clause 49 of the Listing Agreement, we certify ÔãîÞããèºã® ãÀãÀ ãñ 㥡 49 ãñ ã¶ãìÔããÀ ֽ㠹ãƽãããä¥ã¦ã ãÀ¦ãñ Öö ãäã: that: ã Ö½ããÀãè ãã¶ãããÀãè ããõÀ ãäÌãÍÌããÔã ãñ ã¶ãìÔããÀ Ö½ã¶ãñ ã¦ã ÌãÓãà ãñ a. We have reviewed financial statements and the cash ãäÊã ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ããò ããõÀ ¶ã㪠¹ãÆÌããÖ ãäÌãÌãÀ¥ã ããè Ôã½ããèàãã flow statement for the year and to the best of our ããè Öõ : knowledge and belief : i. These statements do not contain any materially i. ¶ã ãäÌãÌãÀ¥ããò ½ãò ããñà ¼ããè ãäÌãÌãÀ¥ã ãäÌãÓã¾ã ããè ÒãäÓ Ôãñ ØãÊã¦ã untrue statement or omit any material fact or ¶ãÖãé Öõ ¾ãã ¶ã½ãò ããñà ¼ããè ¦ã©¾ã ãñü¡ã ¶ãÖãé Øã¾ãã Öõ ¾ãã ¼ãƽã contain statements that might be misleading; ¹ãõªã ãÀ¶ãñÌããÊãñ º¾ããñÀñ Íãããä½ãÊã ¶ãÖãé Öö ; ii. These statements together present a true and ii. ¾ãñ Ôã¼ããè ãäÌãÌãÀ¥ã ºãöã ãñ ãäã¾ãããÊãã¹ããò ¹ãÀ Ô㦾ã ããõÀ ÔãÖãè fair view of the Banks affairs and are in ãäÔ©ããä¦ã ¹ãÆÔ¦ãì¦ã ãÀ¦ãñ Öö ããõÀ ¾ãñ Ìã¦ãýãã¶ã ÊãñãããÀ¥ã ½ãã¶ãããò, compliance with existing accounting standards, ¹ãƼããÌããè ãã¶ãî¶ããò ããõÀ ãäÌããä¶ã¾ã½ããò ãñ ã¶ãìÔããÀ Öö ý applicable laws and regulations. ã Ö½ããÀãè ãã¶ãããÀãè Ìãâ ãäÌãÍÌããÔã ãñ ã¶ãìÔããÀ ºãöã ¶ãñ ÌãÓãà ãñ ªãõÀã¶ã b. There are, to the best of our knowledge and belief, no transactions entered into by the Bank during ñÔãñ ããñà Êãñ¶ãªñ¶ã ¶ãÖãé ãäã Öö ããñ £ããñãã¹ãî¥ãÃ, ØãõÀãã¶ãî¶ããè Öãò ¾ãã the year which are fraudulent, illegal or violative of ºãöã ããè ããÞããÀ ÔãâãäÖ¦ãã ãã ÊÊãâÜã¶ã ãÀ¦ãñ Öãò ý the Banks Code of Conduct. Øã Ö½ã ãäÌ㦦ããè¾ã ãäÀ¹ããñãäÄØã ãñ ãäÊã ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ã Ô©ãããä¹ã¦ã ãÀ¶ãñ c. We accept responsibility for establishing and ããõÀ ºã¶ãã Àã¶ãñ ããè ãäã½½ãñªãÀãè Êãñ¦ãñ Öö ¦ã©ãã Ö½ã¶ãñ ãäÌ㦦ããè¾ã maintaining internal controls for financial reporting ãäÀ¹ããñãäÄØã Ôãñ Ôãâºãâãä£ã¦ã ºãöã ããè ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ã ¹ãÆ¥ããÊããè ããè and that we have evaluated the effectiveness of ¹ãƼããÌããããäÀ¦ãã ãã ½ãîʾããâã¶ã ãäã¾ãã Öõ ããõÀ ¶ã ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ããò internal control systems of the Bank pertaining to ããè ÀÞã¶ãã ¾ãã ¹ããäÀÞããÊã¶ã ½ãò ¾ããäª ããñà ããä½ã¾ããâ Öãò, ãäãÔãããè financial reporting and we have disclosed to the auditors and the Audit Committee, deficiencies in ãã¶ãããÀãè Ö½ãò Öõ ããõÀ ¶Öò Ôãì£ããÀ¶ãñ ãñ Ôãâºãâ£ã ½ãò Ö½ããÀñ ´ãÀã ãäã the design or operation of such internal controls, if Øã ¹ãã¾ããò ¾ãã ¹ãÆÔ¦ãããäÌã¦ã ¹ãã¾ããò ããè ãã¶ãããÀãè Ö½ã¶ãñ Êãñãã¹ãÀãèàãããò any, of which we are aware and the steps we have ããõÀ Êãñãã¹ãÀãèàãã Ôããä½ããä¦ã ããñ ªãè Öõ ý taken or propose to take to rectify these deficiencies. Üã Ö½ã¶ãñ Êãñãã¹ãÀãèàãããò ããõÀ Êãñãã¹ãÀãèàãã Ôããä½ããä¦ã ããñ ãä¶ã½¶ããäÊããäã¦ã d. We have indicated to the auditors and the Audit ãã¶ãããÀãè ªãè Öõ : Committee i ÌãÓãà ãñ ªãõÀã¶ã ãäÌ㦦ããè¾ã ãäÀ¹ããñãäÄØã ¹ãÀ ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ã ½ãò i. Significant changes in internal control over ½ãÖ¦Ìã¹ãî¥ãà ¹ããäÀÌã¦ãöã ãäã¾ãã ãã¶ãã, financial reporting during the year; ii. Significant changes in accounting policies during ii ÌãÓãà ãñ ªãõÀã¶ã ÊãñãããÀ¥ã ¶ããèãä¦ã¾ããò ½ãò Öì ½ãÖ¦Ìã¹ãî¥ãà ¹ããäÀÌã¦ãöã the year and the same have been disclosed in ããõÀ ¶Öò ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ã ãñ ¶ããñáÔã ½ãò ¹ãÆã ãäã¾ãã Øã¾ãã the notes to the financial statements; and ããõÀ iii. Instances of significant fraud of which we have iii ½ãÖ¦Ìã¹ãî¥ãà £ããñãã£ããäü¡¾ããò ããè ñÔããè Üã¶ããâ ãäã¶ãããè Ö½ãò become aware and the involvement therein, if ãã¶ãããÀãè Öõ ããõÀ ãäã¶ã½ãò ¹ãƺãâ£ã¶ã ¾ãã ã½ãÃÞããÀãè ¾ããäª ããñà any, of the management or an employee having Íãããä½ãÊã Öõ ããñ ãäÌ㦦ããè¾ã ãäÀ¹ããñãäÄØã ¹ãÀ ºãöã ããè ã㶦ããäÀã a significant role in the Banks internal control ãä¶ã¾ãâ¨ã¥ã ¹ãÆ¥ããÊããè ½ãò ½ãÖ¦Ìã¹ãî¥ãà ¼ãîãä½ããã ãä¶ã¼ãã¦ãã Öõý system over financial reporting.
(ºããè.Ôã.ãñÍãÌã½ãîãä¦ãà ) (Ôã. .¼ã) (B.S. KESHAVA MURTHY) (S.A. BHAT) ½ãÖã ¹ãƺãâ£ãã Ìãâ Ôããè¹ãããñ 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã General Manager & CFO Chairman & Managing Director
68 ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ Êãñãã AUDITORS CERTIFICATE ¹ãÀãèàãããò ãã ¹ãƽãã¥ã-¹ã¨ã ON CORPORATE GOVERNANCE To the Shareholders of ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank Þãñ¸ãõ ãñ Íãñ¾ãÀ£ããÀããñâ ããñ Chennai We have examined the compliance of conditions Ö½ã¶ãñ 31.03.2010 ããñ Ôã½ã㹦ã ÌãÓãà ãñ ãäÊã ã䥡¾ã¶ã ããñÌãÀÔããèûã of Corporate Governance by Indian Overseas ºãöã, Þãñ¸ãõ ´ãÀã ãã¹ããóÀñ ØããÌã¶ãó¶Ôã ããè Íã¦ããô ãñ ã¶ãì¹ããÊã¶ã ãã ¹ãÀãèàã¥ã Bank, Chennai for the year ended 31.03.2010, ãäã¾ãã ãõÔãã ãäã Ôãùã ãÔãÞãòã / ãÔãÞãòããò ãñ Ôãã©ã ã䥡¾ã¶ã ããÌãñÀÔããèûã as stipulated in clause 49 of the Listing Agreement of Indian Overseas Bank with stock exchange(s). ºãöã ãñ ÔãîÞããèºã® ãÀãÀ ãñ 㥡 49 ½ãò ãä¶ã£ããÃãäÀ¦ã ãäã¾ãã Øã¾ãã Öõý The compliance of conditions of Corporate ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ããè Íã¦ããô ãã ã¶ãì¹ããÊã¶ã ¹ãƺãâ£ã¶ã ããè ãäã½½ãñªãÀãè Öõý Governance is the responsibility of the management. Our examination was limited to Ö½ããÀã ¹ãÀãèàã¥ã ãã¹ããóÀñ ¹ãƺãâ£ã¶ã ããè Íã¦ããô ãñ ã¶ãì¹ããÊã¶ã ããñ Ôãìãä¶ããäÍÞã¦ã procedures and implementation thereof, adopted ãÀ¶ãñ ãñ ãäÊã ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ´ãÀã ã¹ã¶ããà Øãà ¹ãÆãäã¾ããããò by Indian Overseas Bank for ensuring the ããõÀ ¶ããñ ãã¾ããöÌã¾ã¶ã ¦ãã Ôããèãä½ã¦ã ©ããý ¾ãÖ ¶ã ¦ããñ Êãñãã ¹ãÀãèàãã Öõ ¶ã compliance of the conditions of Corporate Öãè ¾ãÖ ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ããò ¹ãÀ ããä¼ã½ã¦ã Governance. It is neither an audit nor an expression of opinion on the financial statements ̾ãã¦ã ãÀ¦ãã Öõý of Indian Overseas Bank.
ºãöã ´ãÀã Àãò Øã ãäÀãã¡ãô ããõÀ ªÔ¦ããÌãñããò Ìãâ Ö½ãò ªãè Øãà ÔãîÞã¶ãã On the basis of records and documents maintained by the Bank, the information provided ããõÀ ãäª Øã Ô¹ãÓãèãÀ¥ã ãñ ãã£ããÀ ¹ãÀ, ֽ㠹ãƽãããä¥ã¦ã ãÀ¦ãñ Öö ãäã to us and according to the explanations given ºãöã ´ãÀã ã¦ã ÔãîÞããèºã® ãÀãÀ ½ãò ãä¶ã£ããÃãäÀ¦ã ãã¹ããóÀñ ØããÌã¶ãó¶Ôã Ôãâºãâ£ããè to us, we certify that the Bank has complied Íã¦ããô ãã ã¶ãì¹ããÊã¶ã ãäã¾ãã Øã¾ãã Öõý with the conditions of Corporate Governance as stipulated in the above mentioned Listing Agreement. Ö½ã ÔãîãäÞã¦ã ãÀ¦ãñ Öö ãäã ÀãäãÔÈãÀ ããõÀ Íãñ¾ãÀ ãâ¦ãÀ¥ã ãñ¶ãò ´ãÀã Àãñ Øã ãäÀãã¡ãô ãñ ã¶ãìÔããÀ ºãöã ãñ ãäÌãÁ® ãäãÔããè ¼ããè ãä¶ãÌãñÍãã ããè ããñà We state that no investor grievance is pending for a period exceeding one month against the ¼ããè ãäÍããã¾ã¦ã ã ½ãÖãè¶ãñ Ôãñ ¾ããªã ãÌããä£ã ãñ ãäÊã Êãâãäºã¦ã ¶ãÖãé Öõý Bank as per the records maintained by the Registrar and Share Transfer Agent. ããØãñ Ö½ã ÔãîãäÞã¦ã ãÀ¶ãã ÞããÖ¦ãñ Öö ãäã ñÔãã ã¶ãì¹ããÊã¶ã ¶ã ¦ããñ ºãöã ããè We further state that such compliance is neither ¼ããÌããè ̾ãÌãÖã¾ãæãã ãã ããÍÌããÔã¶ã Öõ ¶ã Öãè ¹ãƺãâ£ã¶ã ããè ªàã¦ãã ¾ãã an assurance as to the future viability of the Bank ¹ãƼããÌã㦽ãã¦ãã ãã, ãäãÔãÔãñ ãäã ¹ãƺãâ£ã¶ã ¶ãñ ºãöã ãñ ãã¾ãÃãÊãã¹ã Ôãâ¹ã¸ã nor the efficiency or effectiveness with which the ãäã Ööý management has conducted the affairs of the Bank.
ãð¦ãñ ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ. ãð¦ãñ Ìã½ããà ñ¥¡ Ìã½ããà ãð¦ãñ ¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ôãâ¦ãã¶ã½ã For Om Agarwal & Co For Varma & Varma For PKF Sridhar & Santhanam Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Chartered Accountants Chartered Accountants Chartered Accountants (ãñ.Ôããè.Øã칦ãã) (ãñ.½ã.Ôãìãì½ããÀ¶ã) (ãè.Ìããè.ºããÊãÔãìºãƽããä¥ã¾ã¶ã) (K. C. Gupta) (K. M. Sukumaran)(T.V.Balasubramanian) Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ Partner Partner Partner Ôã.Ôãâ.072936 Ôã.Ôãâ.015707 Ôã.Ôãâ.027251 M.No. 072936 M.No. 015707 M.No. 027251 ¹ãããÀ¶ã Ôãâ.000971Ôããè ¹ãããÀ¶ã Ôãâ. 004532Ôã ¹ãããÀ¶ã 003990Ôã FRN 000971C FRN 004532S FRN 003990S
ãð¦ãñ ¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã ãð¦ãñ ½ã. ¼ããÔãÀ ÀãÌã ñ¥¡ ãâ. Ôã ãð¦ãñ ãä½ã¦¦ãÊã Øã칦ãã ñ¥¡ ãâ. For Bhaskaran & Ramesh For M. Bhaskara Rao & Co For Mittal Gupta & Co Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Chartered Accountants Chartered Accountants Chartered Accountants (ãñ.ÀâØãÀãã¶ã) (ãñ.ããÀ.À¦¶ã½ã) (ºããè.Êã.Øã칦ãã) (J. Rangharajan) (K. R. Ratnam)(B. L. Gupta) Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ Partner Partner Partner Ôã.Ôãâ.024327 Ôã.Ôãâ.002316 Ôã.Ôãâ.073794 M.No. 24327 M.No. 002316 M.No. 073794 ¹ãããÀ¶ã 000462Ôã ¹ãããÀ¶ã 000459Ôã ¹ãããÀ¶ã 001874Ôããè FRN 000462S FRN 000459S FRN 001874C
Ô©ãã¶ã : Þãñ¸ãõ Place: Chennai ã䪶ããâã: 29.04.2010 Date: 29.04.2010
69 31.3.2010 ããè ãäÔ©ããä¦ã ãñ ã¶ãìÔããÀ ¦ãìÊã¶ã-¹ã¨ã BALANCE SHEET AS AT 31.03.2010 (Á.000 ½ãò) (Rs. in 000s) ã¶ãìÔãîãäÞã¾ããú 31.03.2010 31.03.2009 SCHEDULES 31.03.2010 31.03.2009
ªñ¾ã¦ããú LIABILITIES ¹ãîúããè Capital 01 544 80 00 544 80 00 ããÀãäàããä¦ã¾ããú ããõÀ ããä£ãÍãñÓã Reserves and Surplus 02 6979 78 31 6606 16 33 ã½ãã ÀããäÍã¾ããú Deposits 03 110794 71 10 100115 88 96 £ããÀ Borrowings 04 8982 20 19 10494 58 24 㶾㠪ñ¾ã¦ããúú Ìã ¹ãÆãÌã£ãã¶ã Other Liabilities & Provisions 05 3794 89 98 3311 96 34 ããñü¡ TOTAL 131096 39 58 121073 39 87
ãããäÔ¦ã¾ããú ASSETS ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ¾ãÖãú ¶ããªãè Cash & Balances with ããõÀ ããä¦ãÍãñÓã Reserve Bank of India 06 7666 44 72 5940 44 42 ºãöããò ½ãò ããä¦ãÍãñÓã ããõÀ ½ããúØã ¹ãÀ ¦ã©ãã Balances with Banks ãʹã ÔãîÞã¶ãã ¹ãÀ ¹ãÆ㹦㠣ã¶ã and Money at Call and Short Notice 07 2158 19 35 4981 45 75 ãäÌããä¶ã£ãã¶ã Investments 08 37650 56 27 31215 43 87 ããäØãƽã Advances 09 79003 92 57 74885 27 26 ãäÔ©ãÀ ãããäÔ¦ã¾ããú Fixed Assets 10 1699 56 55 1709 85 96 㶾ã ãããäÔ¦ã¾ããú Other Assets 11 2917 70 12 2340 92 61 ããñü¡ TOTAL 131096 39 58 121073 39 87
Ôã½ãããäÑã¦ã ªñ¾ã¦ããú Contingent Liabilities 12 39340 50 50 38379 26 22 ÔãâØãÆÖ¥ã ãñ ãäÊã ãäºãÊã Bills for Collection 3205 14 84 3505 07 48 ½ãîÊã ÊãñãããÀ¥ã ¶ããèãä¦ã¾ããú Significant Accounting Policies 17 Êãñããò ¹ãÀ ãä¹¹ããä¥ã¾ããú Notes on Accounts 18
ã¶ãìÔãîãäÞã¾ããú ¦ãìÊã¶ã-¹ã¨ã ãã ã ããä¼ã¸ã ãâØã Öõ ý Schedules Form Part of the Balance Sheet
Ôã..¼ã S. A. BHAT 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã Chairman & Managing Director ¶ãî¹ãìÀ ãä½ã¨ãã NUPUR MITRA ãã¾ãùããÊãã ãä¶ãªñÍãã Executive Director Ôã½ã ãä¦ããä©ã ããè Ö½ããÀãè ãäÀ¹ããñà ãñ ûããäÀ VIDE OUR REPORT OF EVEN DATE
ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã Chitra Chandramouliswaran ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ. OM AGARWAL & CO ¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã BHASKARAN & RAMESH ãñ. ãã¶ã⪠ãì½ããÀ K. Ananda Kumar ãñ.Ôããè. Øã칦ãã K.C. GUPTA ãñ ÀâØãÀãã¶ã J.RANGHARAJAN ºããè.Ìããè.ã¹¹ãã ÀãÌã B.V. Appa Rao Ôãã¢ãñªãÀ Partner Ôãã¢ãñªãÀ Partner ÔãîÀã ã¨ããè Sooraj Khatri Ôã.Ôãâ.072936 M.No. 072936 Ôã.Ôãâ.024327 M.No. 024327 ¹ãããÀ¶ã 000971Ôããè ¹ãããÀ¶ã 000462Ôã .ãñ.¼ããØãÃÌã A.K. Bhargava FRN 000971C FRN 000462S .ÌãñÊÊã¾ã¶ã A. Vellayan Ìã½ããà ñ¥¡ Ìã½ããà VARMA & VARMA ½ã. ¼ããÔãÀ ÀãÌã ñ¥¡ ãâ. M. BHASKARA RAO & CO ãñ.½ã.Ôãìãì½ããÀ¶ã KM SUKUMARAN ãñ.ããÀ.À¦¶ã½ã K.R. RATNAM Ôãã¢ãñªãÀ Partner Ôãã¢ãñªãÀ Partner Ôã.Ôãâ.015707 M.No. 015707 Ôã.Ôãâ.002316 M.No. 002316 ¹ãããÀ¶ã 004532Ôã FRN 004532S ¹ãããÀ¶ã 000459Ôã FRN 000459S ãä¶ãªñÍããØã¥ã DIRECTORS ¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ô㶦ãã¶ã½ã PKF SRIDHAR & SANTHANAM ãä½ã¦¦ãÊã Øã칦ãã ñ¥¡ ãâ. MITTAL GUPTA & CO ãè.Ìããè.ºããÊãÔãìºãƽããä¥ã¾ã¶ã T.V. BALASUBRAMANIAN ºããè.Êã.Øã칦ãã B.L. GUPTA Ôãã¢ãñªãÀ Partner Ôãã¢ãñªãÀ Partner Ôã.Ôãâ.027251 M.No. 027251 Ôã.Ôãâ.073794 M.No. 073794 Þãñ¸ãõ Chennai ¹ãããÀ¶ã 003990Ôã FRN 003990S ¹ãããÀ¶ã 001874Ôããè FRN 001874C 29.04.2010 29.04.2010 Ôã¶ãªãè ÊãñããããÀØã¥ã CHARTERED ACCOUNTANTS
70 31.3.2010 ããñ Ôã½ã㹦ã ÌãÓãà ãñ ãäÊã Êãã¼ã Ìã Öããä¶ã ãã¦ãã PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2010 (Á.000 ½ãò) (Rs. in 000s) ã¶ãìÔãîãäÞã¾ããú 31.03.2010 31.03.2009 ããñ Ôã½ã㹦ã ÌãÓãà ããñ Ôã½ã㹦ã ÌãÓãà YEAR ENDED YEAR ENDED SCHEDULES 31.03.2010 31.03.2009 ãã¾ã INCOME ããäãæ㠺¾ããã Interest earned 13 10245 77 35 9641 40 33 㶾ã ãã¾ã Other income 14 1143 25 37 1595 83 08 ããñü¡ TOTAL 11389 02 72 11237 23 41
̾ã¾ã EXPENDITURE ̾ã¾ã ãäã¾ãã Øã¾ãã º¾ããã Interest expended 15 7077 90 95 6771 81 35 ¹ããäÀÞããÊã¶ã ̾ã¾ã Operating expenses 16 2466 49 71 1941 69 43 ¹ãÆãÌã£ãã¶ã ããõÀ ããããäÔ½ãã ̾ã¾ã ( ãä¶ãÌãÊã ) Provisions & Contingencies (Net) 1137 65 91 1197 93 47 ããñü¡ TOTAL 10682 06 57 9911 44 25
Êãã¼ã / Öããä¶ã PROFIT / LOSS ÌãÓãà ãñ ãäÊã ãä¶ãÌãÊã Êãã¼ã Net Profit for the year 706 96 15 1325 79 16 ãØãƶããè¦ã Êãã¼ã/Öããä¶ã Profit /Loss brought forward 0 0 ããñü¡ TOTAL 706 96 15 1325 79 16 ãäÌããä¶ã¾ããñã¶ã APPROPRIATIONS ÔããâãäÌããä£ãã ããÀãäàã¦ã ãä¶ããä£ã ½ãò ãâ¦ãÀ¥ã Transfer to Statutory Reserve 212 10 00 398 00 00 ÀããÔÌã Ìãâ 㶾ã ããÀãäàã¦ã ãä¶ããä£ã¾ããò ½ãò ãâ¦ãÀ¥ã Transfer to Revenue and Other Reserves 127 59 03 9 66 34 ¹ãîúããè ããÀãäàã¦ã ãä¶ããä£ã ½ãò ãâ¦ãÀ¥ã Transfer to Capital Reserve 144 18 51 606 30 33 ãäÌãÍãñÓã ããÀãäàã¦ã ãä¶ããä£ã ½ãò ãâ¦ãÀ¥ã Transfer to Special Reserve 0 25 00 00 ¹ãÆÔ¦ãããäÌã¦ã ãâãä¦ã½ã Êãã¼ããâÍã (Êãã¼ããâÍã ãÀ ÔããäÖ¦ã) Proposed Final Dividend (including Dividend Tax) 223 08 61 286 82 49 ¦ãìÊã¶ã-¹ã¨ã ½ãò ãØãÆñãäÓã¦ã Balance amount of profit carried over to Êãã¼ã ããè ÍãñÓã ÀããäÍã Balance Sheet 0 0 ããñü¡ TOTAL 706 96 15 1325 79 16 ¹ãÆãä¦ã Íãñ¾ãÀ ããöã (Á.) Earning per share (Rs.) 12.98 24.34
ã¶ãìÔãîãäÞã¾ããú Êãã¼ã-Öããä¶ã ãã¦ãñ ãñ ããä¼ã¸ã ãâØã Öõâý Schedules Form Part of the Profit & Loss Account
Ôã..¼ã S. A. BHAT 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã Chairman & Managing Director ¶ãî¹ãìÀ ãä½ã¨ãã NUPUR MITRA Ôã½ã ãä¦ããä©ã ããè Ö½ããÀãè ãäÀ¹ããñà ãñ ûããäÀ Executive Director ãã¾ãùããÊãã ãä¶ãªñÍãã VIDE OUR REPORT OF EVEN DATE
ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã Chitra Chandramouliswaran ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ. OM AGARWAL & CO ¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã BHASKARAN & RAMESH ãñ. ãã¶ã⪠ãì½ããÀ K. Ananda Kumar ãñ.Ôããè. Øã칦ãã K.C. GUPTA ãñ ÀâØãÀãã¶ã J.RANGHARAJAN ºããè.Ìããè.ã¹¹ãã ÀãÌã B.V. Appa Rao Ôãã¢ãñªãÀ Partner Ôãã¢ãñªãÀ Partner ÔãîÀã ã¨ããè Sooraj Khatri Ôã.Ôãâ.072936 M.No. 072936 Ôã.Ôãâ.024327 M.No. 024327 ¹ãããÀ¶ã 000971Ôããè ¹ãããÀ¶ã 000462Ôã .ãñ.¼ããØãÃÌã A.K. Bhargava FRN 000971C FRN 000462S .ÌãñÊÊã¾ã¶ã A. Vellayan Ìã½ããà ñ¥¡ Ìã½ããà VARMA & VARMA ½ã. ¼ããÔãÀ ÀãÌã ñ¥¡ ãâ. M. BHASKARA RAO & CO ãñ.½ã.Ôãìãì½ããÀ¶ã KM SUKUMARAN ãñ.ããÀ.À¦ã¶ã½ã K.R. RATNAM Ôãã¢ãñªãÀ Partner Ôãã¢ãñªãÀ Partner Ôã.Ôãâ.015707 M.No. 015707 Ôã.Ôãâ.002316 M.No. 002316 ¹ãããÀ¶ã 004532Ôã FRN 004532S ¹ãããÀ¶ã 000459Ôã FRN 000459S ãä¶ãªñÍããØã¥ã DIRECTORS ¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ô㶦ãã¶ã½ã PKF SRIDHAR & SANTHANAM ãä½ã¦¦ãÊã Øã칦ãã ñ¥¡ ãâ. MITTAL GUPTA & CO ãè.Ìããè.ºããÊãÔãìºãƽããä¥ã¾ã¶ã T.V. BALASUBRAMANIAN ºããè.Êã.Øã칦ãã B.L. GUPTA Ôãã¢ãñªãÀ Partner Ôãã¢ãñªãÀ Partner Ôã.Ôãâ.027251 M.No. 027251 Ôã.Ôãâ.073794 M.No. 073794 Þãñ¸ãõ Chennai ¹ãããÀ¶ã 003990Ôã FRN 003990S ¹ãããÀ¶ã 001874Ôããè FRN 001874C 29.04.2010 29.04.2010 Ôã¶ãªãè ÊãñããããÀØã¥ã CHARTERED ACCOUNTANTS
71 ã¶ãìÔãîãäÞã¾ããú SCHEDULES (Á.000 ½ãò) (Rs. in 000s) ã¶ãìÔãîÞããè-1 SCHEDULE - 1 31.03.2010 ¦ãã 31.03.2009 ¦ãã ¹ãîúããè CAPITAL As at 31.03.2010 As at 31.03.2009 ¹ãÆããä£ããð¦ã ¹ãîúããè AUTHORISED CAPITAL ¹ãƦ¾ãñã Á.10/- ãñ 300,00,00,000 ÃãäãÌããè Íãñ¾ãÀ 300,00,00,000 Equity (Øã¦ã ÌãÓãà ¹ãƦ¾ãñã Á.10/- ãñ 150,00,00,000 ÃãäãÌããè Shares of Rs.10/- each Íãñ¾ãÀ) (Previous year 150,00,00,000 equity shares of Rs.10/-each) 3000 00 00 1500 00 00 ãä¶ãØãÃãä½ã¦ã, ããä¼ãª§ã Ìã ¹ãƪ¦¦ã ¹ãîúããè ISSUED, SUBSCRIBED & PAID UP CAPITAL ¹ãƦ¾ãñã Á.10/- ãñ 54,48,00,000 ÃãäãÌããè Íãñ¾ãÀ 54,48,00,000 Equity Shares of Rs.10/- each (Ôã½ãò ¼ããÀ¦ã ÔãÀããÀ ´ãÀã £ãããäÀ¦ã ¹ãƦ¾ãñã Á.10/- ãñ (Includes 33,36,00,000 shares of Rs.10/- each 33,36,00,000 Íãñ¾ãÀ Íãããä½ãÊã Öõâ) held by Government of India) 544 80 00 544 80 00 ã¶ãìÔãîÞããè-2 SCHEDULE - 2 31.03.2010 ¦ãã 31.03.2009 ¦ãã ããÀãäàããä¦ã¾ããú Ìã ããä£ãÍãñÓã RESERVES & SURPLUS As at 31.03.2010 As at 31.03.2009 I. Íãñ¾ãÀ ¹ãÆãèãä½ã¾ã½ã I . SHARE PREMIUM 140 00 00 140 00 00 II. ÔããâãäÌããä£ãã ããÀãäàããä¦ã¾ããú II. STATUTORY RESERVE ã©ãÍãñÓã Opening balance 1919 85 57 1521 85 57 ããñ¡ò : ¹ããäÀÌã£ãöã Add: Additions 212 10 00 398 00 00 ¾ããñØã -II TOTAL -II 2131 95 57 1919 85 57 III.¹ãîúããè ããÀãäàããä¦ã¾ããú III. CAPITAL RESERVE ã. ¹ãì¶ã½ãîÃʾããâã¶ã ããÀãäàããä¦ã¾ããú A. Revaluation Reserve ã©ãÍãñÓã Opening Balance 1209 56 88 113 97 06 ããñ¡ò : ¹ããäÀÌã£ãöã Add : Additions 1123 55 41 Üããú: ããõãä¦ã¾ããú / ½ãîʾã-ÖÆãÔã* Less: Deductions / Depreciation * 33 96 48 27 95 59 ¾ããñØã-ã TOTAL - A 1175 60 40 1209 56 88 ãã. ãä¶ãÌãñÍããò ããè ãäºãããè ¹ãÀ B. On sale of Investments ã©ãÍãñÓã Opening Balance 702 70 67 164 90 74 ããñü¡ò : ¹ããäÀÌã£ãöã Add: Additions 142 57 77 537 79 93 ¾ããñØã-ãã TOTAL - B 845 28 44 702 70 67 . 㶾ã C. Others ã©ãÍãñÓã Opening Balance 146 92 32 78 41 92 ããñü¡ò : ¹ããäÀÌã£ãöã Add: Additions 1 60 74 68 50 40 ¾ããñØã - TOTAL - C 148 53 06 146 92 32 ¾ããñØã -III(ã,ãã,) TOTAL - III (A,B,C) 2169 41 90 2059 19 87 IV. ÀããÔÌã Ìã 㶾ã ããÀãäàããä¦ã¾ããú IV. REVENUE & OTHER RESERVES (i) 㶾ã ÀããÔÌã ããÀãäàããä¦ã¾ããú (i) Other Revenue Reserves ã©ãÍãñÓã Opening Balance 2193 53 55 2171 99 56 ããñü¡ò : ¹ããäÀÌã£ãöã Add: Additions 129 49 04 21 54 53 Üããú: ããõ¦ããè Less: Deduction 2 97 54 ¾ããñØã -(i) TOTAL - (i) 2322 99 62 2193 53 55 (ii) ãäÌãÍãñÓã ããÀãäàããä¦ã¾ããú (ii) Special Reserve ã©ãÍãñÓã Opening balance 126 60 00 101 60 00 ããñü¡ò : ¹ããäÀÌã£ãöã Add: Additions 0 25 00 00 ¾ããñØã -(ii) TOTAL - (ii) 126 60 00 126 60 00 (iii) ãäÌãªñÍããè ½ãì³ã ¹ããâ¦ãÀ¥ã ããÀãäàããä¦ã ãä¶ããä£ã (iii) Foreign Currency Translation Reserve ã©ãÍãñÓã Opening balance 166 97 34 28 50 06 ããñü¡ò : ¹ããäÀÌã£ãöã Add : Additions 0 138 47 28 Üããú: ããõ¦ããè Less : Deducation 78 16 12 0 ¾ããñØã-(iii) Total - (iii) 88 81 22 166 97 34 ¾ããñØã - IV (i,ii Ìã iii) TOTAL - IV (i, ii & iii) 2538 40 84 2487 10 89 ¾ããñØã (I,II, III Ìã IV ) TOTAL ( I, II , III & IV) 6979 78 31 6606 16 33
* 31.3.2010 ¦ãã ãäÌãªñÍããè Íããããããò Ôãñ Ôãâºãâãä£ã¦ã ããúã¡ãò ½ãò ¦ã¦ããÊããè¶ã ½ãì³ã- ãäÌããä¶ã½ã¾ã ªÀ Ôãñ ãäã Øã ¹ããäÀÌã¦ãöããò ãñ ããÀ¥ã Öí Ôã½ãã¾ããñã¶ã Íãããä½ãÊã Öõ ý * Includes adjustment on account of conversion of figures relating to foreign branches at the rate of exchange as at 31.03.2010
72 ã¶ãìÔãîãäÞã¾ããú (ããÀãè) SCHEDULES (Contd.) (Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè-3 SCHEDULE - 3 31.03.2010 ¦ãã 31.03.2009 ¦ãã ãä¶ãàãñ¹ã DEPOSITS As at 31.03.2010 As at 31.03.2009
ã. I. ½ããúØã ãä¶ãàãñ¹ã A. I. DEMAND DEPOSITS i) ºãöããò Ôãñ i) From Banks 362 10 77 66 00 66 ii) 㶾ããò Ôãñ ii) From Others 9249 20 20 8064 66 94 ¾ããñØã -I TOTAL - I 9611 30 97 8130 67 60 II.ºãÞã¦ã ºãöã ãä¶ãàãñ¹ã II. SAVINGS BANK DEPOSITS 26450 89 07 22156 44 41 III. ãããäÊãã ãä¶ãàãñ¹ã III. TERM DEPOSITS i) ºãöããò Ôãñ i) From Banks 1980 71 00 1559 68 08 ii) 㶾ããò Ôãñ ii) From Others 72751 80 06 68269 08 87 ¾ããñØã - III TOTAL - III 74732 51 06 69828 76 95 ¾ããñØã - ã (I,II & III) TOTAL - A ( I,II & III ) 110794 71 10 100115 88 96 ãã. I) ¼ããÀ¦ã ããè Íããããããò ½ãò ãä¶ãàãñ¹ã B. I) Deposits of branches in India 105434 42 70 95433 72 84 II) ¼ããÀ¦ã ãñ ºããÖÀ ããè Íããããããò ½ãò ãä¶ãàãñ¹ã II) Deposits of branches outside India 5360 28 40 4682 16 12 ¾ããñØã - ãã TOTAL - B 110794 71 10 100115 88 96
ã¶ãìÔãîÞããè-4 SCHEDULE - 4 31.03.2010 ¦ãã 31.03.2009 ¦ãã ãäÊã¾ãñ Øã¾ãñ £ããÀ BORROWINGS As at 31.03.2010 As at 31.03.2009
I. ¼ããÀ¦ã ½ãò ãäÊã Øã £ããÀ I. BORROWINGS IN INDIA ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã Ôãñ Reserve Bank of India 0 0 ºãöããò Ôãñ Banks 4 15 㶾ã ÔãâÔ©ããú ããõÀ ããä¼ããÀ¥ã Other Institutions & Agencies 1268 45 57 3086 47 37 ¶ãÌããñ¶½ãñÓãããÀãè Ôã¦ã¦ã ¨ãÉ¥ã ãäÊãã¦ã (ããùããè¡ãèããÃ) Innovative Perpetual Debt Instruments (IPDI) 780 00 00 480 00 00 ºã㥡 ãñ ¹㠽ãò ûããÀãè ãä½ãÑã ¨ãɥ㠹ãîúããè ãäÊãã¦ãò Hybrid Debt Capital Instruments issued as Bonds 1665 30 00 1155 30 00 Øããõ¥ã ¨ãÉ¥ã Subordinated Debt 2426 00 00 2311 00 00 ¾ããñØã - I TOTAL - I 6139 75 61 7032 77 52 II. ¼ããÀ¦ã ãñ ºããÖÀ Ôãñ ãäÊã Øã £ããÀ II. BORROWINGS OUTSIDE INDIA 2842 44 58 3461 80 72 ¾ããñØã (I Ìã II) TOTAL ( I & II) 8982 20 19 10494 58 24 III. ¹ãÀ I Ìã II ½ãò Ôããä½½ããäÊã¦ã ¹ãÆãä¦ã¼ãî¦ã £ããÀ III. Secured borrowings included in I & II above 500 00 38 925 01 67
ã¶ãìÔãîÞããè-5 SCHEDULE - 5 31.03.2010 ¦ãã 31.03.2009 ¦ãã 㶾㠪ñ¾ã¦ãã¾ãò Ìã ¹ãÆãÌã£ãã¶ã OTHER LIABILITIES & PROVISIONS As at 31.03.2010 As at 31.03.2009
I. Ôãâªñ¾ã ãäºãÊã I. Bills Payable 665 65 01 692 66 64 II. ãâ¦ãÀ-ãã¾ããÃÊã¾ã Ôã½ãã¾ããñã¶ã (ãä¶ãÌãÊã) II. Inter Office Adjustments ( Net) 0 0 III.¹ãÆãñªá¼ãî¦ã º¾ããã III. Interest Accrued 219 41 85200 06 67 IV. 㶾ã (Ôã½ãò ¹ãÆãÌã£ãã¶ã Ôããä½½ããäÊã¦ã Öõ) IV. Others ( including provisions) 2909 83 12 2419 23 03 ¾ããñØã TOTAL 3794 89 98 3311 96 34
73 ã¶ãìÔãîãäÞã¾ããú (ããÀãè) SCHEDULES (Contd.) (Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè-6 SCHEDULE - 6 31.03.2010 ¦ãã 31.03.2009 ¦ãã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ¾ãÖãú ¶ããªãè CASH AND BALANCES WITH As at 31.03.2010 As at 31.03.2009 ããõÀ ÍãñÓã RESERVE BANK OF INDIA
I. Öã©ã ½ãò ¶ããªãè (Ôã½ãò ãäÌãªñÍããè ½ãì³ã ¶ããñ ããõÀ I. Cash on hand ( including Foreign ãè½ã ¶ã㪠Ôããä½½ããäÊã¦ã Öõ) currency notes & ATM cash) 640 32 73 679 96 93 II. ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ Ôãã©ã II. Balances with Reserve Bank of India i) ÞããÊãî ãã¦ãñ ½ãò ãä¦ãÍãñÓã i) in Current Account 6996 11 99 5260 47 49 ii) 㶾ã ãã¦ããò ½ãò ãä¦ãÍãñÓã ii) in Other Accounts
¾ããñØã TOTAL 7666 44 72 5940 44 42
ã¶ãìÔãîÞããè-7 SCHEDULE - 7 31.03.2010 ¦ãã 31.03.2009 ¦ãã ºãöããò ½ãò ÍãñÓã ããõÀ ½ããúØã ¹ãÀ ¦ã©ãã BALANCES WITH BANKS AND As at 31.03.2010 As at 31.03.2009 ãʹã ÔãîÞã¶ãã ¹ãÀ ¹ãÆ㹾㠣ã¶ã MONEY AT CALL AND SHORT NOTICE
I. ¼ããÀ¦ã ½ãò I. In India i) ºãöããò ½ãò ÍãñÓã i) Balances with banks ã. ÞããÊãî ãã¦ãñ ½ãò a) In Current Accounts 168 25 34 212 07 03 ã. 㶾ã ã½ãã ãã¦ããò ½ãò b) In Other Deposit Accounts 731 88 04 2778 79 42 ii) ½ããúØã ¹ãÀ ¦ã©ãã ãʹã ÔãîÞã¶ãã ¹ãÀ ¹ãÆ㹾㠣ã¶ã ii) Money at Call and Short Notice ã. ºãöããò ãñ Ôãã©ã a) With banks 539 00 00 1145 00 00 ã. 㶾ã ÔãâÔ©ããããò ãñ Ôãã©ã b) With other institutions 0 0
¾ããñØã -I TOTAL - I1439 13 38 4135 86 45
II. ¼ããÀ¦ã ãñ ºããÖÀ II. Outside India ã . ÞããÊãî ãã¦ãñ ½ãò a) In Current Accounts 351 17 98 199 67 86 ã. 㶾ã ã½ãã ãã¦ããò ½ãò b) In Other Deposit Accounts 194 11 19 440 77 58 Øã. ½ããúØã ¹ãÀ ¦ã©ãã ãʹã ÔãîÞã¶ãã ¹ãÀ ¹ãÆ㹾㠣ã¶ã c) Money at Call and Short Notice 173 76 80 205 13 86
¾ããñØã -II TOTAL - II 719 05 97 845 59 30
¾ããñØã (I Ìã II) TOTAL ( I & II) 2158 19 35 4981 45 75
74 ã¶ãìÔãîãäÞã¾ããú (ããÀãè) SCHEDULES (Contd.) (Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè- 8 SCHEDULE - 8 31.03.2010 ¦ãã 31.03.2009 ¦ãã ãäÌããä¶ã£ãã¶ã INVESTMENTS As at 31.03.2010 As at 31.03.2009
I . ¼ããÀ¦ã ½ãò ãäÌããä¶ã£ãã¶ã I. INVESTMENTS IN INDIA i) ÔãÀããÀãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú i) Government Securities 32052 77 66 26455 58 11 ii) 㶾ã ã¶ãì½ããñã䪦㠹ãÆãä¦ã¼ãîãä¦ã¾ããú ii) Other Approved Securities 105 73 10 176 43 58 iii) Íãñ¾ãÀ iii) Shares 407 39 96 321 64 13 iv) ã䡺ãòÞãÀ ããõÀ ºãâ£ã-¹ã¨ã iv) Debentures and Bonds 1973 22 84 1647 97 36 v) Ôãâ¾ãìã¦ã ²ã½ã v) Joint Ventures 28 50 00 28 50 00 vi) 㶾ã - ¼ããÀ¦ããè¾ã ¾ãîãä¶ã ÈÔ vi) Others - Units of Unit Trust of India, ãñ ¾ãîãä¶ã Ìãâ 㶾㠽¾ãîÞãìãÊã ¹ãâ¡ ããõÀ Investments in other Mutual Funds 2053 44 99 1611 84 59 Ìãããä¥ããä¾ãã ¹ã¨ã ½ãò ãäÌããä¶ã£ãã¶ã & Commercial Paper
¾ããñØã - I TOTAL - I36621 08 55 30241 97 77
II. ¼ããÀ¦ã ãñ ºããÖÀ ãäÌããä¶ã£ãã¶ã* II. INVESTMENTS OUTSIDE INDIA* i) ÔãÀããÀãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú i) Government Securities 860 96 24 801 84 45 (Ôã½ãò Ô©ãã¶ããè¾ã ¹ãÆããä£ããÀ¥ã Ôããä½½ãÊã¦ã Öõâ ) (including Local Authorities) ii) 㶾ã ii) Others ã) Íãñ¾ãÀ a. Shares 8 36 29 11 11 68 ã) ã䡺ãòÞãÀ ããõÀ ºãâ£ã-¹ã¨ã b. Debentures & Bonds 115 34 15 160 49 97 Øã) 㶾ã c. Others 44 81 04 0
¾ããñØã - II TOTAL - II 1029 47 72 973 46 10
¾ããñØã (I Ìã II) TOTAL ( I & II ) 37650 56 27 31215 43 87
¼ããÀ¦ã ½ãò ÔããÊã ãäÌããä¶ã£ãã¶ã Gross Investments in India 36795 09 39 30497 19 25 Üããú : ½ãîʾãÖÆãÔã Less: Depreciation 174 00 84 255 21 48
ãä¶ãÌãÊã ãäÌããä¶ã£ãã¶ã Net Investments 36621 08 55 30241 97 77 ¼ããÀ¦ã ãñ ºããÖÀ ÔããÊã ãäÌããä¶ã£ãã¶ã* Gross Investments Outside India* 1086 15 98 1056 45 92 Üããú : ½ãîʾãÖÆãÔã Less: Depreciation 56 68 26 82 99 82 ãä¶ãÌãÊã ãäÌããä¶ã£ãã¶ã Net Investments 1029 47 72 973 46 10
ãìÊã ãä¶ãÌãÊã ãäÌããä¶ã£ãã¶ã Total Net Investments 37650 56 27 31215 43 87
* 31.3.2010 ¦ãã ãäÌãªñÍããè Íããããããò Ôãñ Ôãâºãâãä£ã¦ã ããúãü¡ãò ãã ½ãì³ã-ãäÌããä¶ã½ã¾ã ªÀ ¹ãÀ ¹ããäÀÌã¦ãöããò ãñ ããÀ¥ã Ôã½ãã¾ããñã¶ã ÔããäÖ¦ã ý * Including adjustment on account of conversion of figures relating to foreign branches at the rate of exchange as at 31.3.2010
75 ã¶ãìÔãîãäÞã¾ããú (ããÀãè) SCHEDULES (Contd.) (Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè-9 SCHEDULE - 9 31.03.2010 ¦ãã 31.03.2009 ¦ãã ããäØãƽã ADVANCES As at 31.03.2010 As at 31.03.2009
ã. i) ã¾ã ãäã Øã Ìã ãä½ã§ããèããñ Øã ãäºãÊã A. i) Bills Purchased & Discounted 4792 86 96 4490 94 59 ii) ¶ããªãè £ããÀ, ããñÌãÀ¡Èã¹ã ããõÀ ½ããúØã ii) Cash Credits, Overdrafts and ¹ãÀ ¹ãÆãä¦ãÔãâªñ¾ã £ããÀ Loans repayable on demand 34294 97 99 30862 66 93 iii) ÔããÌããä£ã £ããÀ iii) Term Loans 39916 07 62 39531 65 74
¾ããñØã TOTAL 79003 92 57 74885 27 26
ãã. i) ½ãî¦ãà ãããäÔ¦ã¾ããò ´ãÀã ¹ãÆãä¦ã¼ãî¦ã* B. i) Secured by Tangible Assets* 63258 46 98 63200 22 58 *ºãÖãèØã¦ã ¨ãÉ¥ããò ãñ ¹ãÆãä¦ã ããäØãƽããò ÔããäÖ¦ã * includes advances against Book Debts ii) ºãöã / ÔãÀããÀãè ØããÀâãä¾ããò ´ãÀã ÔãâÀãäàã¦ã ii) Covered by Bank/Government Guarantees 4210 36 57 3889 69 19 iii) ã¹ãÆãä¦ã¼ãî¦ã iii) Unsecured 11535 09 02 7795 35 49
¾ããñØã TOTAL 79003 92 57 74885 27 26
. I) ¼ããÀ¦ã ½ãò ããäØãƽã C. I) Advances in India i) ¹ãÆã©ããä½ãã¦ãã àãñ¨ã i) Priority Sector 27237 22 48 24294 08 00 ii) ÔããÌãÃããä¶ãã àãñ¨ã ii) Public Sector 5778 46 12 5905 78 75 iii) ºãöã iii) Banks 547 36 15 210 55 00 iv) 㶾ã iv) Others 37764 17 72 37205 08 17
¾ããñØã TOTAL 71327 22 47 67615 49 92
II) ¼ããÀ¦ã ãñ ºããÖÀ ããäØãƽã II) Advances Outside India i) ºãöããò Ôãñ Íããñ£¾ã i) Due from Banks 108 17 90 398 29 75 ii) 㶾ããò Ôãñ Íããñ£¾ã ii) Due from Others ã) ã¾ã ãäã Øã Ìã ãä½ã§ããèããñ Øã ãäºãÊã a) Bills Purchased & Discounted 3412 79 90 2908 23 77 ã) ÔãâÜãºã® £ããÀ b) Syndicated Loans 2024 82 11 1782 11 17 Øã) 㶾ã c) Others 2130 90 19 2181 12 65
¾ããñØã TOTAL 7676 70 10 7269 77 34
¾ããñØã (Øã - I Ìã II ) TOTAL (C-I & II) 79003 92 57 74885 27 26
76 ã¶ãìÔãîãäÞã¾ããú (ããÀãè) SCHEDULES (Contd.) (Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè-10 SCHEDULE - 10 31.03.2010 ¦ãã 31.03.2009 ¦ãã ãäÔ©ãÀ ãããäÔ¦ã¾ããú FIXED ASSETS As at 31.03.2010 As at 31.03.2009
I. ¹ããäÀÔãÀ I. Premises 1.4.2009 ¦ãã ÊããØã¦ã /¹ãì¶ã : At cost / revalued amount as on 1.4.2009 1611 66 27 464 26 03 ½ãîʾããâãäã¦ã Àã½ã ¹ãÀ
ÌãÓãà ãñ ªãõÀã¶ã ¹ããäÀÌã£ãöã* Additions during the year * 35 74 22 1173 85 13 1647 40 49 1638 11 16 ÌãÓãà ãñ ªãõÀã¶ã ããõãä¦ã¾ããú* Deductions during the year* 9 02 00 26 44 89 1638 38 49 1611 66 27 ãªá¾ã¦ã¶ã ½ãîʾãÖÆãÔã Depreciation to date 159 71 98 117 12 43 ¾ããñØã -I TOTAL - I1478 66 51 1494 53 84
II. ¹ãîúããèØã¦ã ÞããÊãî ãã¾ãà II. Capital work in progress 7 67 28 13 07 04
¾ããñØã - II TOTAL - II 7 67 28 13 07 04
III.㶾ã ãäÔ©ãÀ ãããäÔ¦ã¾ããú III. Other Fixed Assets (Ôã½ãò ¹ã¶ããêÞãÀ ããõÀ ãä¹ããÞãÀ Ôããä½½ããäÊã¦ã Öõ) (including Furniture & Fixtures) 1.4.2009 ããè ãäÔ©ããä¦ã ãñ ã¶ãìÔããÀ ÊããØã¦ã ¹ãÀ At cost as on 1.4.2009 741 07 99 638 53 95 ÌãÓãà ãñ ªãõÀã¶ã ¹ããäÀÌã£ãöã * Additions during the year * 122 65 90 193 67 09 863 73 89 832 21 04 ÌãÓãà ãñ ªãõÀã¶ã ããõãä¦ã¾ããú* Deductions during the year* 41 59 80 91 13 05 822 14 09 741 07 99 ãªá¾ã¦ã¶ã ½ãîʾãÖÆãÔã Depreciation to date 608 91 33 538 82 91 ¾ããñØã- III TOTAL - III 213 22 76 202 25 08
¾ããñØã (I, II & III) Total ( I, II & III ) 1699 56 55 1709 85 96
* 31.3.2010 ¦ãã ãäÌãªñÍããè Íããããããò Ôãñ Ôãâºãâãä£ã¦ã ããúãü¡ãò ãã ½ãì³ã-ãäÌããä¶ã½ã¾ã ªÀ ¹ãÀ ¹ããäÀÌã¦ãöããò ãñ ããÀ¥ã Ôã½ãã¾ããñã¶ã ÔããäÖ¦ã ý * including adjustment on account of conversion of figures relating to foreign branches at the rate of exchange as at 31.3.2010
77 ã¶ãìÔãîãäÞã¾ããú (ããÀãè) SCHEDULES (Contd.) (Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè- 11 SCHEDULE - 11 31.03.2010 ¦ãã 31.03.2009 ¦ãã 㶾ã ãããäÔ¦ã¾ããú OTHER ASSETS As at 31.03.2010 As at 31.03.2009 i) ãâ¦ãÀ ãã¾ããÃÊã¾ã Ôã½ãã¾ããñã¶ã (ãä¶ãÌãÊã) i) Inter Office Adjustments ( Net) 128 00 34 197 88 86 ii) ¹ããäÞã¦ã º¾ããã ii) Interest Accrued 1040 32 16 891 19 54 iii) ããäØãƽã ¹ã Ôãñ Ôã⪧ã ãÀ / iii) Tax paid in advance / Ô¨ããñ¦ã ¹ãÀ ããã Øã¾ãã ãÀ Tax deducted at source 962 40 54 761 29 24 iv) Êãñã¶ã - Ôãã½ãØãÆãè ããõÀ Ôõ½¹ã iv) Stationery & Stamps 6 74 15 6 88 99 v) ªãÌããò ããè Ôãâ¦ãìãäÓ ½ãò ¹ãÆ㹦ã ããè Øãà v) Non Banking Assets acquired in ØãõÀ-ºãöãããÀãè ãããäÔ¦ã¾ããú satisfaction of claims 1 55 07 1 54 84 vi 㶾ã vi) Others 778 67 86 482 11 14
¾ããñØã TOTAL 2917 70 12 2340 92 61
ã¶ãìÔãîÞããè 12 SCHEDULE - 12 31.03.2010 ¦ãã 31.03.2009 ¦ãã Ôã½ãããäÑã¦ã ªããä¾ã¦Ìã CONTINGENT LIABILITIES As at 31.03.2010 As at 31.03.2009 i) ºãöã ãñ ãäÌãÁ® ªãÌãñ ãäã¶Öò ¨ãÉ¥ã ãñ ¹㠽ãò i) Claims against the Bank not ÔÌããèããÀ ¶ãÖãé ãäã¾ãã Øã¾ãã Öõ acknowledged as debts 78 22 30 74 51 29 ii) ãâÍã¦ã: Ôã⪧ã ãäÌããä¶ã£ãã¶ããò ãñ ãäÊã ªããä¾ã¦Ìã ii) Liability for partly paid investments 11 60 28 24 50 iii) ºããã¾ãã Ìãã¾ãªã ãäÌããä¶ã½ã¾ã ÔãâãäÌãªãããò ãñ iii) Liability on account of outstanding ºããºã¦ã ªããä¾ã¦Ìã forward exchange contracts 15631 41 67 15442 01 76 iv) ÔãâÜãããò ããè ããñÀ Ôãñ ªãè Øã¾ããè ØããÀâãä¾ããú iv) Guarantees given on behalf of constituents ã. ¼ããÀ¦ã ½ãò a) In India 8445 29 69 8044 63 48 ã. ¼ããÀ¦ã ãñ ºããÖÀ b) Outside India 247 02 75 271 90 26 v) ÔãããÀ, ¹ãðÓãâã¶ã ããõÀ 㶾㠺ã㣾ã¦ããú v) Acceptances, Endorsements & Other obligations 8047 64 96 7334 74 75 vi) 㶾㠽ãªò ãäã¶ããñ ãäÊã ºãöã vi) Other items for which the bank is Ôã½ãããäÑã¦ã ¹ã Ôãñ ªã¾ããè Öõ contingently liable ã. ãäÌãÌããªØãÆÔ¦ã ãã¾ã-ãÀ ªãÌãñ/ a. Disputed IT demand / ã¹ããèÊã ãñ ã£ããè¶ã ½ãã½ãÊãñ cases under appeal 406 92 42 639 15 47 ã. 㶾ã b. Others i. ¹ãîúããè Êãñããò ¹ãÀ ãä¶ãÓ¹ããã䪦ã ãäã ãã¶ãñ ÌããÊãñ i) Estimated amount of contracts remaining ÍãñÓã ÔãâãäÌãªãããò ããè ã¶ãì½ãããä¶ã¦ã ÀããäÍã to be executed on capital accounts 30 77 63 37 57 94 ii. ãÀñâÔããè ÔÌãõ¹ã ãñ ¦ã֦㠺ãöã ããè ªñ¾ã¦ããú ii) Banks liability under currency swaps 2776 81 65 2240 33 05 iii ãäã Øã º¾ããã ªÀ ÔÌãõ¹ã (¾ãîÔã¡ãè) iii) Interest rate swaps under taken (USD) 1932 60 37 1756 41 88 iv. º¾ããã ªÀ ÔÌãõ¹ã (¼ãã.Á.) iv) Interest rate swaps ( INR ) 1075 00 00 1800 00 00 v. ½ãì³ã ãäÌããʹã ãñ ¦ã֦㠺ãöã ããè ªñ¾ã¦ãã v) Banks Liability under Currency Options 78 19 20 0 vi. ãñãä¡ ã䡹ããÊ ÔÌãõ¹ã vi) Credit Default Swaps 551 97 30 675 12 64 vii. ãâ¦ãÀ ºãöã ÔãÖ¼ãããäØã¦ãã ¹ãƽãã¥ã-¹ã¨ã vii) Inter bank Participation Certificate 0 0 viii. ÔÌã¥ãà ãñ ¦ã֦㠺ãöã ããè ªñ¾ã¦ãã viii) Banks Liability under Gold 34 48 96 34 59 20
¾ããñØã TOTAL 39340 50 50 38379 26 22
78 ã¶ãìÔãîãäÞã¾ããú (ããÀãè) SCHEDULES (Contd.) (Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè- 13 SCHEDULE - 13 31.03.2010 31.03.2009 ããñ Ôã½ã㹦ã ÌãÓãà ããñ Ôã½ã㹦ã ÌãÓãà ããäãæ㠺¾ããã INTEREST EARNED Year Ended Year Ended 31.03.2010 31.03.2009 i) ããäØãƽããò / ãäºãÊããò ¹ãÀ ¹ãÆ㹦㠺¾ããã / ºãáã i) Interest / discount on advances / bills 7659 48 17 7289 55 32 ii) ãäÌããä¶ã£ãã¶ããò ¹ãÀ ãã¾ã ii) Income on investments 2381 60 10 2156 31 60 iii) ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãä¦ãÍãñÓããò iii) Interest on Balances with ããõÀ 㶾ã ãâ¦ãÀ-ºãöã ãä¶ããä£ã¾ããò ¹ãÀ º¾ããã Reserve Bank of India and Other Inter-Bank Funds 192 60 64 168 19 83 iv) 㶾ã iv) Others 12 08 44 27 33 58 ¾ããñØã TOTAL 10245 77 35 9641 40 33
ã¶ãìÔãîÞããè 14 SCHEDULE - 14 31.03.2010 31.03.2009 㶾ã ãã¾ã ããñ Ôã½ã㹦ã ÌãÓãà ããñ Ôã½ã㹦ã ÌãÓãà OTHER INCOME Year Ended Year Ended 31.03.2010 31.03.2009 i) ã½ããèÍã¶ã, ãäÌããä¶ã½ã¾ã ããõÀ ªÊããÊããè i) Commission, Exchange and Brokerage 577 70 31 593 78 01 ii) ãäÌããä¶ã£ãã¶ããò ãñ ãäÌãã¾ã ¹ãÀ Êãã¼ã (ãä¶ãÌãÊã) ii) Profit on Sale of Investments (Net) 291 85 67 636 64 80 iii) ãäÌããä¶ã£ãã¶ããò ãñ ¹ãì¶ã½ãÃîʾããâã¶ã ¹ãÀ Êãã¼ã (ãä¶ãÌãÊã) iii) Profit on Revaluation of Investments (Net) -53 33 17 -117 23 89 iv) ¼ãîãä½ã, ¼ãÌã¶ããò ããõÀ 㶾ã ãããäÔ¦ã¾ããò ãñ iv) Profit on sale of land,buildings ãäÌãã¾ã ¹ãÀ Êãã¼ã (ãä¶ãÌãÊã) and other assets (Net) 1 60 74 68 50 40 v) ãäÌããä¶ã½ã¾ã Ôãâ̾ãÌãÖãÀãñâ ¹ãÀ Êãã¼ã (ãä¶ãÌãÊã) v) Profit on exchange transactions (Net) 127 04 26 157 34 36 vi) ãäÌããäÌã£ã ãã¾ã vi) Miscellaneous Income 198 37 56 256 79 40
¾ããñØã TOTAL 1143 25 37 1595 83 08
79 ã¶ãìÔãîãäÞã¾ããú (ããÀãè) SCHEDULES (Contd.) (Á.000 ½ãò) (Rs. in 000s) 31.03.2010 31.03.2009 ã¶ãìÔãîÞããè- 15 SCHEDULE - 15 ããñ Ôã½ã㹦ã ÌãÓãà ããñ Ôã½ã㹦ã ÌãÓãà ãÞãà ãäã¾ãã Øã¾ãã º¾ããã INTEREST EXPENDED Year Ended Year Ended 31.03.2010 31.03.2009 i) ã½ããããò ¹ãÀ º¾ããã i) Interest on Deposits 6271 78 76 5955 83 04 ii) ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã / ãâ¦ãÀ- ºãöã ii) Interest on Reserve Bank of India / £ããÀãò ¹ãÀ º¾ããã Inter-Bank Borrowings 412 74 25 502 88 96 iii) 㶾ã iii) Others 393 37 94 313 09 35 ¾ããñØã TOTAL 7077 90 95 6771 81 35
ã¶ãìÔãîÞããè 16 SCHEDULE - 16 31.03.2010 31.03.2009 ããñ Ôã½ã㹦ã ÌãÓãà ããñ Ôã½ã㹦ã ÌãÓãà ¹ããäÀÞããÊã¶ã ̾ã¾ã OPERATING EXPENSES Year Ended Year Ended 31.03.2010 31.03.2009
i) ã½ãÃÞãããäÀ¾ããò ããñ ¼ãìØã¦ãã¶ã ããõÀ i) Payments to and provisions for employees 1734 74 90 1271 84 21 ¶ããñ ãäÊã ¹ãÆãÌã£ãã¶ã ii) ¼ããü¡ã, ãÀ ããõÀ ÀãñÍã¶ããè ii) Rent, Taxes and Lighting 204 47 48 206 41 47 iii) ½ãì³¥ã ããõÀ Êãñã¶ã-Ôãã½ãØãÆãè iii) Printing and Stationery 15 46 19 15 58 38 iv) ãäÌããã¹ã¶ã ããõÀ ¹ãÆÞããÀ iv) Advertisement and Publicity 35 82 57 26 94 74 v) ºãöã ããè Ôãâ¹ããä§ã ¹ãÀ ½ãîʾãÖÆãÔã v) Depreciation on Banks property (¹ãîúããè ããÀãäàããä¦ã¾ããò Ôãñ ãâ¦ããäÀ¦ã (Net of depn. transferred ãÌãàã¾ã¥ã ããè ãä¶ãÌãÊã ÀããäÍã) from Capital Reserve) 111 75 94 100 94 20 vi) ãä¶ãªñÍãããò ããè ¹ããèÔã, ¼ã§ãñ ããõÀ ãÞãà vi) Directors fees, allowances and expenses 73 47 89 72 vii) Êãñãã-¹ãÀãèàãããò ããñ ¹ãƪ§ã ÍãìÊã ¦ã©ãã ̾ã¾ã vii) Auditors fees and expenses 17 83 31 19 81 57 (Íãããã Êãñãã - ¹ãÀãèàãããò ÔããäÖ¦ã) (including Branch auditors) viii) ãäÌããä£ã ¹ãƼããÀ viii) Law charges 5 42 91 6 53 68 ix) ¡ãã ½ãÖÔãîÊã, ¦ããÀ, ñÊããèû¹ããñ¶ã ãããäª ix) Postages, telegrams, telephones, etc. 15 87 59 14 83 87 x) ½ãÀ½½ã¦ã ããõÀ ã¶ãìÀàã¥ã x) Repairs and Maintenance 8 55 83 7 85 79 xi) ºããè½ãã xi) Insurance 113 94 11 89 33 06 xii) 㶾ã ãã¾ã xii) Other Expenditure 201 85 41 180 68 74 ¾ããñØã TOTAL 2466 49 71 1941 69 43
80 ã¶ãìÔãîÞããè -17 SCHEDULE 17 ¹ãƽãìã Êãñããâã¶ã ¶ããèãä¦ã¾ããú SIGNIFICANT ACCOUNTING POLICIES 1. Ôãã½ã㶾ã 1. General ¾ãÖãú Ôã Ôãñ ããØãñ ãºã ¦ãã ãäã 㶾ã©ã㠶㠺ã¦ãã¾ãã Øã¾ãã Öãñ, ãäÌã§ããè¾ã ãäÌãÌãÀ¥ã The financial statements have been prepared on historical cost basis unless otherwise ñãä¦ãÖããäÔãã ÊããØã¦ã ãñ ãã£ããÀ ¹ãÀ ããõÀ ããØãñ Øããä¦ã½ãã¶ã ¹ãÆãä¦ãÓã¶ã ãÌã£ããÀ¥ãã ãñ stated and further on the assumption of going ã¶ãì½ãã¶ã ¹ãÀ ¦ãõ¾ããÀ ãäã Øã Öö ý concern concept. 2. ãã¾ã ãã ããä¼ããã¶ã 2. Revenue Recognition 2.1 ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã ãäÌãÌãñã¹ãî¥ãà ½ãã¶ãª¥¡ãò ãñ 2.1 Income is recognized on accrual basis on ½ãì¦ãããäºãã ããÃã ãããäÔ¦ã¾ããò ¹ãÀ ¹ããäÞã¦ã ãã£ããÀ ¹ãÀ ããõÀ ã¶ããÃã performing assets and on realization basis in respect of non-performing assets as per ãããäÔ¦ã¾ããò ãñ ½ãã½ãÊãñ ½ãò ØããÖãè ãñ ãã£ããÀ ¹ãÀ ãã¾ã ãã ããä¼ããã¶ã the prudential norms prescribed by Reserve ãäã¾ãã Øã¾ãã Öõ ý ã¶ããÃã ãããäÔ¦ã¾ããò ½ãò ÌãÔãîÊããè ãã Ôã½ãâã¶ã, Ìã㪠Bank of India. Recovery in Non Performing ªã¾ãÀ ãã¦ããò Ìãâ ã ºããÀØããè ãä¶ã¹ãã¶ã ãã¦ããò ããñ ãñü¡ãÀ ºããããè Assets is first appropriated towards interest ½ãã½ãÊããò ½ãò ¹ãÖÊãñ º¾ããã ãñ ãäÊã ããõÀ ÍãñÓã ãØãÀ Öãñ, ¦ããñ ½ãîÊã and the balance, if any, towards principal, except in the case of Suit Filed Accounts Àûã½ã ãñ ãäÊã ãäã¾ãã Øã¾ãã Öõ ý and accounts under One Time Settlement. 2.2 ãÀãèªñ Øã ãäºãÊããò/ºãâ£ãã-Ôã½ããä©ãæ㠹ãÆãä¦ã¼ãîãä¦ã¾ããò ¹ãÀ º¾ããã, ã½ããèÍã¶ã 2.2 Interest on bills purchased/Mortgage Backed (Ôããã ¹ã¨ã / ØããÀâãè¹ã¨ã/ÔãÀããÀãè ããÀãñºããÀ ããñ ãñ¡ãÀ), ãäÌããä¶ã½ã¾ã, Securities, commission (except on Letter of Credit/Letter of Guarantee/Government ÊããùãÀ ãäãÀã¾ãã ããõÀ Êãã¼ããâÍã ããñ ¶ãããè ØããÖãè ãñ ãã£ããÀ ¹ãÀ Business), Exchange, Locker Rent and ãäÖÔããºã ½ãò ãäÊã¾ãã Øã¾ãã Öõý Dividend are accounted for on realization basis. 2.3 ºãÖí½ãîʾ㠣ãã¦ãìããò ããè ¹ãÀñÓã¥ã ãäºãããè Ôãñ Öíà ãã¾ã ããñ ãäºãããè ¹ãîÀãè Öãñ¶ãñ ãñ ºã㪠㶾ã ãã¾ã ãñ ¹㠽ãò ãäÖÔããºã ½ãò ãäÊã¾ãã Øã¾ãã Öõ ý 2.3 Income from consignment sale of precious metals is accounted for as Other Income 2.4 ãÞããóâ ããñ ¹ãÞã¾ã ãã£ããÀ ¹ãÀ ãäÖÔããºã ½ãò ãäÊã¾ãã Øã¾ãã Öõ, ãäÔãÌãã¾ã after the sale is complete. ¦ãºã ãºã Ôãñ 㶾ã©ãã ãäÊÊããäã¦ã ãäã¾ãã Øã¾ãã Öãñ ý 2.4 Expenditure is accounted for on accrual basis, except otherwise stated. 2.5 ¹ããäÀ¹ããÌã ÔããÌããä£ã ã½ããããò ãñ ½ãã½ãÊãñ ½ãò, ã½ããããò ãã ¶ãÌããèãÀ¥ã 2.5 In case of matured Term Deposits, interest ãÀ¦ãñ Ôã½ã¾ã º¾ããã ãã ¹ããäÀãÊã¶ã ãäã¾ãã ãã¦ãã Öõý ãä¶ããäÓã¾ã ºãÞã¦ã is accounted for as and when deposits are ºãöã ãã¦ãñ, ãªãÌããè ºãÞã¦ã ºãöã ãã¦ãñ Ìãâ ãªãÌããè ½ããè¾ããªãè ã½ããããò renewed. In respect of Inoperative Savings ãñ ½ãã½ãÊããò ½ãò º¾ããã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ Bank Accounts, unclaimed Savings Bank accounts and unclaimed Term Deposits, ãã£ããÀ ¹ãÀ ¹ããäÞã¦ã ãäã¾ãã ãã¦ãã Öõý interest is accrued as per RBI guidelines. 2.6 Ìã㪠ªã¾ãÀ ãã¦ããò ½ãò ãã¶ãî¶ããè ãÞããô ããñ Êãã¼ã-Öããä¶ã ãã¦ãñ ½ãò ãäÊããã 2.6 Legal expenses in respect of Suit Filed ãã¦ãã Öõ ý ñÔãñ ãã¦ããò ½ãò ÌãÔãîÊããè Öãñ ãã¶ãñ ¹ãÀ Ôãñ ãã¾ã ½ãò ãäÊã¾ãã Accounts are charged to Profit and Loss ãã¦ãã Öõ ý Account. Such amount when recovered is treated as income. 2.7 ãäÌãªñÍããè Íããããããò ãñ ½ãã½ãÊããò ½ãò, ãã¾ã ããõÀ ̾ã¾ã ãã ããä¼ããã¶ã/ 2.7 In respect of foreign branches, Income & ãäÖÔããºã Ôãâºãâãä£ã¦ã ªñÍããò ½ãò ÊããØãî Ô©ãã¶ããè¾ã ãã¶ãî¶ã ãñ ã¶ãìÔããÀ ãäã¾ãã Expenditure are recognized / accounted for Øã¾ãã Öõ ý as per local laws of the respective countries. 3. Foreign exchange Transactions of Indian 3. ¼ããÀ¦ããè¾ã ¹ããäÀÞããÊã¶ããò ãñ ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã Êãñ¶ãªñ¶ã Operations 3.1 ¶ããùÔÈãñ Ìãâ Ôããè¾ãî ¡ãùÊãÀ ãã¦ããò ãñ ÍãñÓã, ãâãä¦ã½ã ªÀãò ¹ãÀ ãäªãã 3.1 Balances in NOSTRO and ACU Dollar Øã¾ãñ Öö ý û¹ãÔããè¶ãããÀ/ÃÃû¹ãÔããè / ããÀû¹ãÔããè/ û¹ãÔããè (Ôã¼ããè accounts are stated at closing rates. FCNR/ ãäÌãªñÍããè ½ãì³ã ã½ããú ¦ã©ãã ¶ã¹ãÀ ¹ããäÞã¦ã º¾ããã) ããõÀ ¹ããèÔããèû¹ãÔããè EEFC/RFC/FCA (all foreign currency deposits
81 / ¡ºãʾãîÔããèû¹ãÔããè /ãèÊãû¹ãÔããè / û¹ãÔããèÊã (Ôã¼ããè ãäÌãªñÍããè including interest accrued thereon) and ½ãì³ã £ããÀ ) ããñ ãä¦ã½ããÖãè ãñ ãâãä¦ã½ã Ô㹦ããÖ ãñ ãäÊã ÊããØãî ¹ãñ¡ãà PCFC/WCFC/TLFC/FCL (all foreign currency lendings) are stated at the FEDAI weekly ããè Ôã㹦ãããäÖã ããõÔã¦ã¶ã ªÀ ãñ ã¶ãìÔããÀ ãäªãã¾ãã Øã¾ãã Öõ ý 㶾ã average rate applicable for the last week of ãããäÔ¦ã¾ããò, ªñ¾ã¦ããããò ããõÀ ãäÌãªñÍããè ½ãì³ãããò ½ãò ½ãîʾã-ÌãØããêãð¦ã the quarter. Other Assets, Liabilities and ºããã¾ãã Ìãã¾ãªã ÔãâãäÌãªãããò ããñ Êãñ¶ãªñ¶ã ããè ¦ããÀãèã ããè ¹ãÆÞããäÊã¦ã Outstanding Forward Contracts denominated ªÀãò ¹ãÀ ãäªãã¾ãã Øã¾ãã Öõý in foreign currencies are stated at the rates on the date of transaction. Ôã¼ããè ãããäÔ¦ã¾ããò, ªñ¾ã¦ããããò ¦ã©ãã û¹ãñ¡ãà ´ãÀã ÔãîãäÞã¦ã ÌãÓããĦã ããè Profit/Loss on valuation of all assets, liabilities ãäÌããä¶ã½ã¾ã-ªÀãò ãñ ã¶ãìÔããÀ ºããã¾ãã Ìãã¾ãªã ãäÌããä¶ã½ã¾ã ÔãâãäÌãªãããò ãñ and outstanding forward exchange contracts ½ãîʾããâã¶ã ¹ãÀ Êãã¼ã-Öããä¶ã ããñ ÀããÔÌã ãñ ãâ¦ãØãæã Êãñ ãäÊã¾ãã Øã¾ãã at year-end exchange rates advised by FEDAI is taken to revenue with corresponding net Öõ, ãäãÔã ½ãò Ôã½ã¶ãì¹ã ãä¶ãÌãÊã Ôã½ãã¾ããñã¶ããò ããñ, ¶ããùÔÈãñ ,Ìãâ adjustments retained in Other Liabilities and Ôããè¾ãî ¡ãùÊãÀ ãã¦ããñâ ãñ ½ãã½ãÊããò ããñ ãñü¡ ãÀ ãÖãú ¾ãñ ãã¦ãñ Provisions/ Other Assets Account except ãã䶦ã½ã ªÀãñâ ¹ãÀ Ôã½ãã¾ããñãäã¦ã Öãñ ãã¦ãñ Öö, 㶾㠪ñ¾ã¦ããú ¦ã©ãã in case of NOSTRO and ACU Dollar accounts ¹ãÆãÌã£ãã¶ã/ 㶾ã ãããäÔ¦ã¾ããò ãñ ãã¦ãñ ½ãò ºã¶ãã Àãã Øã¾ãã Öõ ý where the accounts stand adjusted at the closing rates. 3.2. ãäÌãªñÍããè ½ãì³ãããò ½ãò ½ãîʾãÌãØããèÃãð¦ã ¼ããÀ¦ããè¾ã ¹ããäÀÞããÊã¶ããò ããè ØããÀâãä¾ããò 3.2 Acceptances, Endorsements and other ÔããäÖ¦ã ÔÌããèãðãä¦ã, ¹ãðÓãâã¶ã ¦ã©ãã 㶾㠺ã㣾ã¦ããããò ããñ ãä¦ã½ããÖãè ãñ obligations including guarantees of Indian ãâãä¦ã½ã Ô㹦ããÖ ãñ ãäÊã ÊããØãî ¹ãñ¡ãà ããè Ôã㹦ãããäÖã ããõÔã¦ã¶ã ªÀ operations denominated in foreign currencies are stated at the FEDAI weekly average rate ãñ ã¶ãìÔããÀ ãäªãã¾ãã Øã¾ãã Öõ ý applicable for the last week of the quarter. 3.3. ãã¾ã ããõÀ ̾ã¾ã Ôãâºãâ£ããè ½ãªãò ããñ, Êãñãã-ºããäÖ¾ããò ½ãò, ¶ããñ Êãñ¶ãªñ¶ã 3.3 Income and Expenditure items are translated ãäã ãã¶ãñ ããè ¦ããÀãèã ããñ ÊããØãî ãäÌããä¶ã½ã¾ã ªÀ ¹ãÀ ãäªãã¾ãã Øã¾ãã at the exchange rate ruling on the date of Öõý incorporating the transaction in the books of account. 4. ãäÌãªñÍããè Íããããããò ãñ ãäÌã§ããè¾ã ãäÌãÌãÀ¥ããò ãã 4. Translation of the Financial Statements of ¹ããâ¦ãÀ¥ã Foreign Branches ãäÌãªñÍããè Íããããããò ããè ãããäÔ¦ã¾ããò Ìãâ ªñ¾ã¦ããããò ãã ¹ããâ¦ãÀ¥ã ããñ Assets and Liabilities of Foreign branches ÌãÓããĦã ãã䶦ã½ã ªÀ ÊãñãããÀ¥ã ½ãòñ ½ãã¶ãª¥¡ 11 ãã ã¶ãì¹ããÊã¶ã are translated at the year-end closing rate ãÀ¦ãñ Öí ãäã¾ãã Øã¾ãã ããõÀ ÔãÔãñ ¹ãÆ㹦ã ãìÊã Êãã¼ã / Öããä¶ã ããñ ãºã in compliance with Accounting Standard 11 and the net gain/ loss arising out of this is ¦ãã ãä¶ãÌãÊã ãä¶ãÌãñÍã ãã ãä¶ã¹ãã¶ã ¶ãÖãé Öãñ¦ãã ¦ãºã ¦ãã ãäÌãªñÍããè ½ãì³ã kept under Foreign Currency Translation ¹ã㶦ãÀ¥ã ãäÀûãÌãà ãñ ¦ãÖ¦ã Àãã ããØãã ý Reserve until the disposal of the net investment. 5. ãä¶ãÌãñÍã 5. Investments 5.1 ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ããÀãè ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ¼ããÀ¦ã ½ãò 5.1 Investments in India are classified into Held ãäã¾ãñ Øã ãä¶ãÌãñÍã ããñ ̾ãã¹ããÀ ãñ ãäÊã £ãããäÀ¦ã, ãäºãããè ãñ for Trading, Available for Sale and Held ãäÊã ¹ãÊ㺣ã ããõÀ ¹ããäÀ¹ããÌã¦ãã ¦ãã £ãããäÀ¦ã ¹ãÆÌãØããô ½ãò ÌãØããêãð¦ã to Maturity categories in line with the ãäã¾ãã Øã¾ãã Öõ ý ¶ã ãä¶ãÌãñÍããò ãñ ½ãîʾããâã¶ã ããõÀ ¹ãÆããèãÀ¥ã ããñ guidelines from Reserve Bank of India. ãä¶ã½¶ã ãäÊããäã¦ã 6 ÌãØããóâ ½ãò ãäªãã¾ãã Øã¾ãã Öõ : Valuation and disclosures of Investments are made under six classifications viz., ã) ÔãÀããÀãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú (Àã¾ã ÔãÀããÀ ããèñ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ÔããäÖ¦ã) a) Government securities (including State ã) 㶾ã ã¶ãì½ããñã䪦㠹ãÆãä¦ã¼ãîãä¦ã¾ããú Government securities), Øã) Íãñ¾ãÀ b) Other Approved securities, Üã) ºããù¥¡áÔã Ìãâ ã䡺ãòÞãÀ c) Shares, d) Bonds & Debentures, ¡.) ÔãÖã¾ãã/Ôãâ¾ãì§ã ¹ãã½ã e) Subsidiaries / Joint ventures, Þã) ½¾ãîÞãìãÊã ¹ãâ¡ ¾ãîãä¶ã Ìã 㶾ã f) Units of Mutual Funds and Others.
82 5.2. ½¾ãîÞãìãÊ㠹㥡 ãñ ¾ãîãä¶ããò Ôãñ ãã¾ã ããõÀ ãÖãú º¾ããã/½ãîÊã£ã¶ã 5.2 Interest on Investments, where interest / 90 ã䪶ã Ôãñ ¼ããè ããä£ãã ã䪶ããò Ôãñ ºããã¾ãã Öõ, ÌãÖãú ãä¶ãÌãñÍããò ¹ãÀ principal is in arrears for more than 90 days and income from units of Mutual Funds is º¾ããã ããè ¹ãÖÞãã¶ã ãäÌãÌãñã¹ãî¥ãà ½ãã¶ãª¥¡ãò ãñ ã¶ãìÔããÀ ¶ããªãè ãã£ããÀ recognised on cash basis as per prudential ¹ãÀ ããè Øãà Öõý norms. 5.3 ãä¶ãÌãñÍããò ãã ½ãîʾããâã¶ã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ããÀãè ãä¶ã½¶ããäÊããäã¦ã 5.3 Valuation of Investments is done in ãäªÍãã-ãä¶ãªóÍããò ãñ ã¶ãìÔããÀ ãäã¾ãã Øã¾ãã Öõ: accordance with the guidelines issued by Reserve Bank of India as under:- 5.3.1 ̾ãã¹ããÀ ãñ ãäÊã £ãããäÀ¦ã :- ̾ããäã¦ãØã¦ã Íãñ¾ãÀãò ããñ Ôã ÌãØãà 5.3.1. Held for Trading:- Individual scrips under (ªãèÜãà Ìãâ ÊãÜãì ªãñ¶ããò - Ôã½ãâã¶ã ãäã ãäºã¶ãã) ãñ ¦ã֦㠽ãîÊã ÊããØã¦ã this category (both long and short-not to ¹ãÀ £ãããäÀ¦ã ãäã¾ãã ãã¦ãã Öõ ý ¶ããã ½ãîʾããâã¶ã, ãÖãú ãÖãé ¼ããè be netted off) are held at original cost. The ÊããØãî Öãñ, ºããûããÀ ªÀãò ¹ãÀ ªõãä¶ãã 㶦ãÀãÊããò ½ãò ãäã¾ãã ãã¦ãã Öõ ; ¾ãã same is valued at daily basis at market rate, ¹ã ã㠽㠽㠡ãè ´ãÀã ÜããñãäÓã¦ã ããè½ã¦ããò ¹ãÀ ããõÀ Ôã ÌãØãà wherever available, or as per the prices ãñ 㶦ãØãæ㠹ãƦ¾ãñã ÌãØãà ½ãò ãä¶ãÌãÊã ½ãîʾã ÖãÆÔã, ¾ããäª ããñà Öõ, ããñ declared by FIMMDA and in respect of each classification under this category, net ãã¾ã ½ãò ¹ãƼãããäÀ¦ã ãäã¾ãã ãã¦ãã Öõ ããõÀ ãä¶ãÌãÊã Ìãðãä®, ¾ããäª ããñà depreciation, if any, is charged to revenue Öõ, ããñ ¶ãûãÀâªãã ãäã¾ãã ãã¦ãã Öõ ý and net appreciation, if any, is ignored. 5.3.2 ãäºãããè ãñ ãäÊã ¹ãÊ㺣ã :- Ôã ÌãØãà ½ãò ̾ããäã¦ãØã¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò 5.3.2. Available for Sale:- Individual securities ããñ ãä¦ã½ããÖãè ãâ¦ãÀãÊã ¹ãÀ ºããããÀ ½ãîʾã ããñ ºãÖãè ½ãò ãâãäã¦ã ãäã¾ãã under this category are marked to market ãã¦ãã Öõý ãñ¶³ ÔãÀããÀ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããñ, at quarterly intervals. Central Government securities are valued at market rates declared ¹ã.ãã.½ã.½ã.¡ãè.. ´ãÀã ÜããñãäÓã¦ã ½ãããó ªÀ ¹ãÀ ½ãîʾããâãäã¦ã by FIMMDA. State Government, other ãäã¾ãã ãã¦ãã Öõ ý Àã¾ã ÔãÀããÀ, 㶾ã ã¶ãì½ããñã䪦㠹ãÆãä¦ã¼ãîãä¦ã¾ããò Approved securities and Debentures / bonds ããõÀ ã䡺ãòÞãÀãò / ºããù¥¡ãò ãã ½ãîʾããâã¶ã ¹ãÆãä¦ã¹ãÊã Àñãã, £ããÀ are valued as per the yield curve, credit ã¾ã-ãäÌãã¾ã ªÀãò ÌããÀ ¦ã©ãã ¹ã.ãã.½ã.½ã.¡ãè. ´ãÀã ¹ãÆÔ¦ãããäÌã¦ã spread rating-wise and other methodologies 㶾㠦ãÀãèûããò ãñ ã¶ãìÔããÀ Öãñ¦ãã Öõ ý ããññ¡ ãäãÌããè Íãñ¾ãÀãò ããñ suggested by FIMMDA. Quoted equity shares are valued at market rates, Unquoted ºããûããÀ ªÀ ¹ãÀ ½ãîʾããâãäã¦ã ãäã¾ãã ãã¦ãã Öõ, ã¶ãããññ¡ ãäãÌããè equity shares and Units of Venture Capital Íãñ¾ãÀãò ããñ ¹ãÊ㺣㠶ãÌããè¶ã¦ã½ã ¦ãìÊã¶ã-¹ã¨ã Ôãñ ¹ãÆ㹦ã ãã¶ãããÀãè ãñ Funds are valued at book value/NAV ãã£ããÀ ¹ãÀ ºãìã Ìãõʾãî / ¶ãÌããè ¹ãÀ ½ãîʾããâãäã¦ã ãäã¾ãã ãã¦ãã Öõ ascertained from the latest available balance 㶾ã©ãã Á.1/- ¹ãÆãä¦ã ã½¹ã¶ããè /¹ã¥¡ ãñ ãã£ããÀ ¹ãÀ ½ãîʾããâãäã¦ã sheet, otherwise the same is valued at Re.1/ - per Company/Fund. ãäã¾ãã ãã¦ãã Öõ ý Treasury Bills and Commercial Papers and ÈñûãÀãè ãäºãÊããò ããõÀ Ìãããä¥ããä¾ãã ¹ã¨ã ããõÀ ã½ããããò ãñ ¹ãƽãã¥ã ¹ã¨ã Certificate of Deposits are valued at carrying ããñ ÀããÌã ÊããØã¦ã ¹ãÀ ½ãîʾããâãäã¦ã ãäã¾ãã ãã¦ãã Öõý ½¾ãìÞãìÌãÊ㠹㥡 cost. Units held in Mutual fund schemes ¾ããñã¶ãã ½ãò £ãããäÀ¦ã ¾ãîãä¶ããò ããñ ¹ãÊ㺣㠺ããûããÀ ½ãîʾ㠾ãã ãäÀ¹ãÞãóûã are valued at Market Price or Repurchase ½ãîʾ㠾ãã ¶ãñ Ôãñ Ìãõʾãî ¹ãÀ ½ãîʾããâãäã¦ã ãäã¾ãã ãã¦ãã Öõý price or Net Asset Value in that order depending on availability. ¹ããè¡ãèãã / ¹ããã½ã½ã¡ãè ´ãÀã ãñ¶³ãè¾ã ÔãÀããÀ ããè Valuation of Preference shares is made on ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ãäÊã Ìãããè½ã ªÀ ãñ ¹ãÀ ¹ã¾ãìã¦ã ½ãîʾ㠺ã¤ãõ¦ãÀãè YTM basis with appropriate mark up over ãñ Ôãã©ã ããä£ã½ãã¶ã¦ãã Íãñ¾ãÀãò ãã ½ãîʾããâã¶ã Ìãããè½ã ãñ ãã£ããÀ the YTM rates for Central Govt. Securities ¹ãÀ ããÌããä£ãã ¹ã Ôãñ ãäã¾ãã Øã¾ãã Öõý put out by the PDAI / FIMMDA periodically. ¹ã¾ãìÃã¦ã ½ãîʾããâã¶ã ãñ ãã£ããÀ ¹ãÀ ¹ãƦ¾ãñã ÌãØããêãÀ¥ã ãñ ¦ãÖ¦ã Based on the above valuations under each classification, net depreciation, if any, is ãä¶ãÌãÊã ½ãîʾã ÖÆãÔã, ¾ããäª ããñà Öõ, ããñ ã䪾ãã ããØãã ããõÀ ãä¶ãÌãÊã provided for and net appreciation, if any is Ìãðãä® ¾ããäª ããñà Öõ, ããñ ¶ããÀâªãã ãäã¾ãã ããØããý ½ãìʾããâã¶ã ãñ ignored. The book value of the individual ããÀ¥ã Ôãñ ̾ããäã¦ãØã¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ºãÖãè ½ãîʾ㠽ãò ããñà ºãªÊããÌã securities would not undergo any change ¶ãÖãé ÖãñØããý due to valuation. 5.3.3 ¹ããäÀ¹ããÌã¦ãã ãñ ãäÊã £ãããäÀ¦ã :-ñÔãñ ãä¶ãÌãñÍããò ããñ ããä£ãØãÆÖ¥ã 5.3.3. Held to Maturity:- Such investments are carried at acquisition cost/ amortized cost. ÊããØã¦ã / ¹ããäÀÍããñ£ã¶ã ÊããØã¦ã ¹ãÀ ãäÊã¾ãã ãã¦ãã Öõ ý ¹ãƦ¾ãñã ¹ãÆãä¦ã¼ãîãä¦ã
83 ãñ ãâãäã¦ã ½ãîʾã ãñ ¹ãÀ ããä£ãØãÆÖ¥ã ÊããØã¦ã ½ãò ¾ããäª ããä£ãã¦ãã The excess, if any, of acquisition cost over Öãñ, Ôãñ ¹ããäÀ¹ããÌã¦ãã ãñ ÍãñÓã ãÌããä£ã ¹ãÀ ¹ããäÀÍããñãä£ã¦ã ãäã¾ãã ãã¦ãã the face value of each security is amortized over the remaining period of maturity. Öõý ã¶ãìÓãâØããè, ÔãÖ¾ããñØããè ããõÀ ¹ãÆã¾ããñãäã¦ã ÔãâÔ©ããããò ããõÀ ããñãäã½ã Investments in subsidiaries, associates and ¹ãîúããè ãä¶ããä£ã ãñ ¾ãîãä¶ããò ½ãò ãä¶ãÌãñÍããò ããñ ÀããÌã ÊããØã¦ã ¹ãÀ ½ãîʾããâãäã¦ã sponsored Institutions and Units of Venture ãäã¾ãã ãã¦ãã Öõ ý Capital Funds are valued at carrying cost. 5.4 Investments are subject to appropriate 5.4 ¶ã.¹ããè. ÌãØããêãÀ¥ã ãñ ãäÊã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ºã¶ãã provisioning / de-recognition of income, in Øã ãäÌãÌãñã¹ãî¥ãà ½ãã¶ãª¥¡ãò ãñ ã¶ãìÔããÀ ãä¶ãÌãñÍã ãäÞã¦ã ¹ãÆãÌã£ãã¶ã / line with the prudential norms prescribed by ãã¾ã ããè ã¶ããä¼ããã¶ã ãñ ã£ããè¶ã Öõ ý ããäØãƽããò ãñ ¹㠽ãò ã䡺ãòÞãÀãò Reserve Bank of India for NPA classification. / ºããù¥¡ãò ããñ ÌãØããêãÀ¥ã ãÀ¶ãñ ãñ ãäÊã ¶Öãé Ôãã½ã㶾ã ãäÌãÌãñã¹ãî¥ãà Debentures / bonds in the nature of advances are also subject to usual prudential norms ½ãã¶ãª¥¡ãò ããñ ÊããØãî ãäã¾ãã ãã¦ãã Öõ ããõÀ ¦ãª¶ãìÔããÀ ¹ãÆãÌã£ãã¶ã ãäã¾ãã and accordingly provided for, wherever ãã¦ãã Öõ ý appropriate. 5.5 ãäãÔããè ¼ããè ÌãØãà ½ãò ãä¶ãÌãñÍããò ãñ ãäÌãã¾ã Ôãñ Öãñ¶ãñ ÌããÊãñ Êãã¼ã / Öããä¶ã 5.5 Profit / Loss on sale of Investments in any ããñ Êãã¼ã / Öããä¶ã ãã¦ãñ ½ãò ãäÊããã ãã¦ãã Öõý ¹ããäÀ¹ããÌã¦ãã ãñ ãäÊã category is taken to Profit and Loss account. “ In case of profit on sale of investments in £ãããäÀ¦ã ÌãØãà ½ãò ãä¶ãÌãñÍããò ãñ ãäÌãã¾ã ããè ãã¾ã ãñ ½ãã½ãÊãñ ½ãò, ã Held to Maturity category, an equivalent Ôã½ãã¶ã ÀããäÍã ¹ãîúããè ããÀãäàã¦ã ãã¦ãñ ½ãò ãäÌããä¶ã¾ããñãäã¦ã ããè ãã¦ããè amount is appropriated to Capital Reserve Öõý Account. 5.6 Incentive / Front-end fees, etc. received on 5.6 ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ãäÊã ãâÍãªã¶ã ¹㠽ãò ¹ãÆ㹦㠹ãÆãñ¦ÔããÖ¶ã / ¹ãÆ¥- subscription to securities are taken to Profit ¥¡-¹ããèÔã ãããäª ããñ Êãã¼ã-Öããä¶ã ãã¦ãñ ½ãò ãäÊããã ãã¦ãã Öõý and Loss account. 5.7 ãäÌãªñÍããè Íããããããò ´ãÀã £ãããäÀ¦ã ãä¶ãÌãñÍããò ãã ÌãØããêãÀ¥ã Ìãâ ½ãîʾããâã¶ã 5.7 Investments held by Overseas Branches are classified and valued as per guidelines issued Ôãâºãâãä£ã¦ã ãäÌããä¶ã¾ãã½ãã ¹ãÆããä£ããããäÀ¾ããò ´ãÀã ããÀãè ãäªÍãããä¶ãªóÍããò ãñ by the respective regulatory authorities. ã¶ãìÔããÀ ãäã¾ãã ãã¦ãã Öõý 6. Advances 6. ããäØãƽã 6.1 Advances have been classified as Standard, 6.1 ããäØãƽããò ããñ ½ãã¶ãã, ãÌã-½ãã¶ãã, ÔãâªñÖãԹ㪠ããõÀ Öããä¶ã- Sub-standard, Doubtful and Loss assets ã¶ãã ãããäÔ¦ã¾ããú ½ãò ÌãØããêãð¦ã ãäã¾ãã Øã¾ãã Öõ ããõÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãà and provisions for possible losses on such ºãöã ´ãÀã ããÀãè ãäÌãÌãñã¹ãî¥ãà ½ãã¶ãª¥¡ãò ãñ ã¶ãìÔããÀ ããõÀ Ôã½ã¾ã- advances are made as per prudential norms issued by Reserve Bank of India and also Ôã½ã¾ã ¹ãÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãä¶ãªñÍããò ãñ ã¶ãìÔããÀ ñÔãñ ããäØãƽããò as per the directives of Reserve Bank of India ¹ãÀ Ôãâ¼ãã̾ã Öããä¶ã¾ããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ãäã¾ãã Øã¾ãã Öõý ãäÌãªñÍããè from time to time. In case of overseas Íããããããò ãñ Ôãâºãâ£ã ½ãò, Ôãâºãâãä£ã¦ã ªñÍããò ãñ ãäÌããä¶ã¾ã½ããò ãñ ãã£ããÀ branches, the provision is made on the respective countrys regulations or as per ¹ãÀ ¹ãÆãÌã£ãã¶ã ºã¶ãã¾ãã ãã¦ãã Öõ ¾ãã ãä¹ãÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ norms of Reserve Bank of India whichever ½ãã¶ãªâ¡ ¹ãÀ, ããñ ¼ããè ÞÞã¦ãÀ Öãñý is higher. 6.2 ûØãõÀ-ãä¶ãÓ¹ããªã ãããäÔ¦ã¾ããò ãñ ãäÊã ºãöã ¶ãñ ãäÌãÌãñã ¹ãî¥ãà ½ãã¶ãª¥¡ãò 6.2 The Bank holds floating provision for non- Ôãñ ããä£ãã ããõÀ ¹ãÀ ãÔ©ããà ¹ãÆãÌã£ãã¶ã ãÀ Àãã Öõý ãäÌããä¼ã¸ã performing advances over and above the prudential norms. Such floating provisions ãÌããä£ã¾ããò ¹ãÀ ºã¶ãã Øã ãÔ©ããà ¹ãÆãÌã£ãã¶ããò ããñ Êãñãã-ãÌããä£ã ãñ built over different periods would not be used ªãõÀã¶ã ãäãÔããè Êãã¼ã ¾ãã Ôã½ãããÀãè Êãã¼ããâÍã ãñ ãäÊã ¹ãƾããñØã ½ãò ¶ãÖãé for any profit or dividend equalisation across Êãã¾ãã ããØããý accounting periods.
84 6.3. ½ãã¶ãã ãããäÔ¦ã¾ããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã : 6.3 Provisions on Standard Assets: ããäØãƽã ãã ¹ãÆããÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ Type of Advance Provision made as per ãäªÍãããä¶ãªóÍããò ãñ ãã£ããÀ ¹ãÀ ¹ãÆãÌã£ãã¶ã RBI Guidelines ã) ãðãäÓã Ìãâ Ôã½ãà àãñ¨ã ãñ ¹ãƦ¾ãàã ããäØãƽã 0.25% a) Direct Advances to Agriculture & SME Sector 0.25% ãã) Ìãããä¥ã¾ãã Ô©ããÌãÀ Ôãâ¹ãªã àãñ¨ã ãñ ããäØãƽã 1% b) Advances to Commercial Real Estate Sector 1% (ã) Ìãâ (ãã) ½ãò ¶ãÖãé ããñü¡ñ Øã Ôã¼ããè All other advances not included in 㶾ã ããäØãƽã 0.40% (a) & (b) 0.40% ¹ãÀ ªãè Øãà ã¹ãñàããããò Ôãñ ããä£ãã ¾ãã ¹ãÀ ¾ããäª ½ãã¶ãã ããäØãƽããò Provision held, if any for Standard Advances, ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ãäª Øã Öö ¦ããñ Ìãñ ¼ããäÌãӾ㠽ãò ½ãã¶ãã ããäØãƽããò ãñ over and above the requirements stated above would continue to be held for future ¹ãÆãÌã£ãã¶ã ã¹ãñàããããò ãñ ãäÊã Àãñã ãäÊã¾ãã ããØãã ããõÀ ¶Öò Êãã¼ã- requirements of Provision towards Standard Öããä¶ã ãã¦ãñ ½ãò ¶ãÖãé ¡ãÊãã ããØããý Advances and shall not bereversed to Profit & Loss a/c. 6.4. ½ãã¶ãã ããäØãƽããò ãñ ãäÊã ãäã Øã Ôãã½ã㶾㠹ãÆãÌã£ãã¶ããò ããñ ãñü¡ãÀ 6.4 Advances are stated net of provisions except ããäØãƽããò ããñ ¹ãÆãÌã£ãã¶ããò ãñ ãä¶ãÌãÊã ãñ ¹㠽ãò ãäªãã¾ãã Øã¾ãã Öõý general provisions for standard advances. 7. ÔÌã¥ãÃ-ããÀãñºããÀ 7. Gold Business ÔÌã¥ãà ãñ ã¾ã-ãäÌãã¾ã ãñ ããä¦ããäÀã¦ã 㶾ã Êãñ¶ã-ªñ¶ããò ããè Øã¥ã¶ãã Transactions in Gold other than purchase and ¹ãÆÞããäÊã¦ã ããʹããä¶ãã ªÀ ¹ãÀ ããè ãã¦ããè Öõý sale are accounted for at prevalent notional rates. 8. ¡ñãäÀÌãñãäÌÔã 8. Derivatives 8.1. º¾ããã ÔããäÖ¦ã ãããäÔ¦ã¾ããò / ªñ¾ã¦ããããò ããè ¹ãÆãä¦ãÀàãã ããõÀ ̾ãã¹ããÀ 8.1 The Bank enters into Interest Rate Swaps in ÿñ;ã ãñ ãäÊã ºãöã ¶ãñ º¾ããã ªÀ ãäÌããä¶ã¾ã½ã¶ã ããÀâ¼ã ãäã¾ãã Öõý order to hedge interest bearing assets / liabilities, and for trading purposes. 8.2. º¾ããã ªÀ ãäÌããä¶ã¾ã½ã ããñ ¹ãÆãä¦ãÀàãã ÿñ;ã Ôãñ ÔãâãìãäÞã¦ã ãäã Øã Öâõ 8.2 In respect of Interest Rate Swaps which are ãñ Ôãâºãâ£ã ½ãò ¹ãÆã¹¾ã / ªñ¾ã ãä¶ãÌãÊã Àã½ã ããè ¹ãÖÞãã¶ã ¹ããäÞã¦ã ãã£ãÀ contracted for hedging purposes, the net ¹ãÀ ããè Øãà Öõý Ôã ãäÌããä¶ã¾ã½ã ãñ Ôã½ãã¹ã¶ã ¹ãÀ Öì Êãã¼ã ã©ãÌãã amount receivable / payable is recognized Öããä¶ã ããñ ããÔ©ããäØã¦ã ãäã¾ãã Øã¾ãã Öõ ããõÀ Ôãããè ¹ãÖÞãã¶ã ãäÌããä¶ã¾ã½ã¶ã on accrual basis. Gains or losses on ããè ºãÞããè Öìà ÔãâãäÌãªã¦½ãã ãÌããä£ã Ôãñ ¹ãÀ ã©ãÌãã ãããäÔ¦ã / termination on swaps are deferred and recognized over the remaining contractual ªñ¾ã¦ãã ããè ºãÞããè Öìà ãÌããä£ã, Ôã½ãò Ôãñ ããñ ¼ããè ¹ãÖÊãñ Öãñ, ãñ life of the swaps or the remaining life of the ãã£ããÀ ¹ãÀ ããè Øãà Öõý ñÔãñ º¾ããã ªÀ ãäÌããä¶ã¾ã½ã¶ã ããñ ºãÖãè ½ãîʾã assets/ liabilities, whichever is earlier. Such ½ãò ãâãäã¦ã ãäã¾ãã Øã¾ãã Öõ, ¹ãÀâ¦ãì Ôããñ ¹ãÊãÔÌã¹㠹ãÆ㹦ã Êãã¼ã ¾ãã Interest rate swaps are marked to market, Öããä¶ã ããñ ½ã㶾ã¦ãã ¶ãÖãé ªãè ãã¦ããè, ã¹ãÌã㪠Ìãñ ½ãã½ãÊãñ Öö, ãÖãú but the resultant gain or loss is not recognized, except where the swap is ãäÌããä¶ã¾ã½ã ñÔããè ãããäÔ¦ã / ªñ¾ã¦ãã ãñ Ôãã©ã ¶ãããä½ã¦ã ãäã¾ãã ãã¦ãã Öõ ããñ designated with an asset/ liability which is Ôããè ¦ãÀÖ ºãÖãè ½ãîʾ㠽ãò ãâãäã¦ã ãäã¾ãã Øã¾ãã Öãñ, ãäãÔããñ ¹ãÊãÔÌã¹ã also marked to market, in which case, the ¹ãÆ㹦ã Öãñ¶ãñ ÌããÊãñ Êãã¼ã ¾ãã Öããä¶ã ããñ ã£ããñØã¦ã ãããäÔ¦ã / ªñ¾ã¦ãã ãñ resulting gain or loss is recorded as an ºããûããÀ ½ãîʾã ããè Öª ¦ãã Ôã½ãã¾ããñãäã¦ã ãÀ¶ãñ ãñ ¹㠽ãò ªãà ãäã¾ãã adjustment to the market value of the Øã¾ãã Öãñý underlying asset / liability. 8.3 Trading Swaps outstanding at the year end 8.3. ²ããñØã ½ãò ¹ãÆÞããäÊã¦ã ½ãâûãîãäÀ¦ã Ôãã½ã㶾㠹ã®ãä¦ã ãñ ã¶ãìÔããÀ ÌãÓããĦã are marked to market as per the generally ¹ãÀ ÍãñÓã ̾ãã¹ããÀ ãäÌããä¶ã¾ã½ã¶ã ãñ ½ãîʾã ãã ºãÖãè ½ãò ãâãäã¦ã ãäã¾ãã accepted practices prevailing in the industry Øã¾ãã ããõÀ ºããûããÀ ªÀ ¹ãÀ Öìà ¹ããäÀÌã¦ãöã ããñ Êãã¼ã - Öããä¶ã ãã¦ãã ½ãò and the changes in the market value are ãäÊããã Øã¾ããý ¶ã ãäÌããä¶ã¾ã½ããò Ôãñ Ôãâºãâãä£ã¦ã ãã¾ã Ìãâ ̾ã¾ã ããñ recognized in the Profit & Loss Account. Income and expenses relating to these swaps ãä¶ã¹ãã¶ã ¦ããÀãèã ¹ãÀ ¹ãÖÞãã¶ãã Øã¾ããý ̾ãã¹ããÀ ãäÌããä¶ã¾ã½ã¶ã ãñ Ôã½ãã¹ã¶ã are recognized on the settlement date.
85 ¹ãÀ Öì Êãã¼ã - Öããä¶ã ããñ ãã¾ã ¾ãã ̾ã¾ã ãñ ¹㠽ãò ªãà ãäã¾ãã Gains or losses on termination of the trading Øã¾ããý swaps are recorded as income or expenses. 9. ãÞãÊã ãããäÔ¦ã¾ããú 9. Fixed Assets 9.1 ¹ãì¶ã½ãÃîʾããâãäã¦ã ¹ããäÀÔãÀãò ããñ ãñü¡ãÀ Ô©ããà ãããäÔ¦ã¾ããò ããñ ñãä¦ãÖããäÔãã 9.1 Fixed Assets except revalued premises are ÊããØã¦ã ¹ãÀ ãäªãã¾ãã Øã¾ãã Öõ ããõÀ ãä¶ã½¶ããäÊããäã¦ã ÍããèÓããô ãñ ¦ãÖ¦ã stated at historical cost and are broadly classified/ grouped under the following heads: ºãð֦㠹ã Ôãñ ÌãØããêãð¦ã / Ôã½ãîֺ㮠ãäã¾ãã Øã¾ãã Öõ: i) Premises. i. ¹ããäÀÔãÀ ii. ¹ãÆãäã¾ãã£ããè¶ã ¹ãîâããè ii) Capital Work-in-progress. iii. 㶾ã ãÞãÊã ãããäÔ¦ã¾ããú ãäãÔã½ãò iii) Other Fixed Assets including a) £ãã¦ãì ¹ã¶ããêÞãÀ a) Metal Furniture. b) Êããü¡ãè ãñ ¹ã¶ããêÞãÀ b) Wooden Furniture. c) ÊãñãäãÈãÊã ¹ããÀ¥ã d) ÌããÖ¶ã c) Electrical Installation. e) ã½¹¾ãîÀ* Íãããä½ãÊã Öö d) Vehicles. e) Computers.* * ¹ãáñÌããÊãñ ããõÀ ¹ãî¥ãà ÔÌãããä½ã¦Ìã ÌããÊãñ Ô©ãã¶ã ãñ ãäÌãããÔã ããè ÊããØã¦ã * ATMs along with cost of development of the ÔããäÖ¦ã ãè½ã, ã½¹¾ãîÀ ÔãÖã¾ãã ¹ããÀ¥ã ãõÔãñ ¾ãî¹ããèÔã, ºãõÀãè leasehold and freehold sites, computer ãããäª ããõÀ ¶ãããè ¹ãÆãä¦ãÔ©ãã¹ã¶ã ããè ÊããØã¦ã ããñ ã½¹¾ãîÀ ÍããèÓãà ãñ peripherals like UPS, Batteries, etc and their ¦ã֦㠹ãîúããèãð¦ã ãäã¾ãã Øã¾ãã Öõý replacement costs are capitalized under the head computers. 9.2 ½ãîʾãÖÆãÔã ãã ¹ããäÀãÊã¶ã ¹ãƺãâ£ã¶ã ´ãÀã ¹ã¾ãì§ã Ôã½ã¢ããè Øãà 9.2 Depreciation is provided on straight-line ãä¶ã½¶ããäÊããäã¦ã ªÀãò ¹ãÀ Ôããè£ããè Àñãã ¹ãªá£ããä¦ã ãñ ã¶ãìÔããÀ ãäã¾ãã method at the rates considered appropriate Øã¾ãã Öõ : by the Management as under: ¹ããäÀÔãÀ 2.5 % Premises 2.50 % û¹ã¶ããêÞãÀ 10 % Furniture 10 % ÊãñãäãÈãÊã ¹ããÀ¥ã, ÌããÖ¶ã Ìã ãã¾ããÃÊã¾ããè¶ã Ôããã-Ôãã½ãã¶ã 20% Electrical Installations, Vehicles & Office Equipments 20 % ã½¹¾ãîÀ 33 1/3 % Computers 33 1/3 % ããäضãÍãã½ãã ¾ãâ¨ã 100 % Fire Extinguishers 100 % Ô©ããà ãããäÔ¦ã¾ããò ãñ ¹ãì¶ã½ãÃîʾããâãäã¦ã ¼ããØã ¹ãÀ ½ãîʾãÖÆãÔã ããñ ¹ãì¶ã½ãîÃʾããâã¶ã ããÀãäàã¦ã ãä¶ããä£ã ãã¦ãñ Ôãñ ãä¶ãããÊããÀ Êãã¼ã-Öããä¶ã Depreciation on revalued portion of the fixed assets is withdrawn from revaluation reserve ãã¦ãñ ½ãò ã½ãã ãÀ ã䪾ãã Øã¾ãã Öõ ý and credited to profit and loss account. 9.3 ããä£ãØãÆÖ¥ã / ¹ãì¶ã½ãÃîʾããâã¶ã ããè ¦ããÀãèã ãã ãäÊãÖãûã ãäã ãäºã¶ãã 9.3 Depreciation is provided for the full year ½ãîʾãÖÆãÔã ãã ¹ãÆãÌã£ãã¶ã ¹ãîÀñ ÔããÊã ãñ ãäÊã ãäã¾ãã Øã¾ãã Öõ ý irrespective of the date of acquisition / revaluation. 9.4 ãÖãú ãÊãØã-ãÊãØã ÊããØã¦ããò ãã ã¶ãì½ãã¶ã ¶ãÖãé ÊãØãã¾ãã ãã Ôãã¦ãã 9.4 Depreciation is provided on Land and ©ãã, ÌãÖãú ¼ãîãä½ã ããõÀ ¼ãÌã¶ã ¹ãÀ ½ãîʾãÖÆãÔã ãã ¹ãÆãÌã£ãã¶ã Ôã½ãØãÆ Â¹ã Building as a whole where separate costs ½ãò ãäã¾ãã Øã¾ãã Öõ ý are not ascertainable. 9.5 ¹ãáñ ÌããÊããè Ôãâ¹ããä§ã¾ããò ãñ ½ãã½ãÊãñ ½ãò ¹ãáñ ããè ãÌããä£ã ãñ ªãõÀã¶ã 9.5 In respect of leasehold properties, premium ¹ãÆãèãä½ã¾ã½ã ãã ¹ããäÀÍããñ£ã¶ã ãäã¾ãã Øã¾ãã Öõ ý is amortised over the period of lease. 9.6 ãäÌãªñÍããè Íããããããò ããè Ô©ãã¾ããè ãããäÔ¦ã¾ããò ¹ãÀ ½ãîʾãÖÆãÔã ãñ ãäÊã 9.6 Depreciation on Fixed Assets of foreign branches is provided as per the applicable Ôãâºãâãä£ã¦ã ªñÍã ½ãò ÊããØãî ãã¶ãî¶ã ãñ ã¶ãìÔããÀ ¹ãÆãÌã£ãã¶ã ãäã¾ãã Øã¾ãã laws of the respective countries. Öõý
86 10. Ôãû¹ã-ÔãìãäÌã£ããú 10. Staff Benefits 10.1. ¹ãªã¶ã Ìã ¹ãòÍã¶ã ªñ¾ã¦ããããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ÌããÔ¦ããäÌãã ãã£ããÀ 10.1 Provision for gratuity and pension liability is ¹ãÀ ãäã¾ãã Øã¾ãã Öõ ããõÀ Ôãñ ã¶ãì½ããñã䪦㠹ãªã¶ã Ìãâ ¹ãòÍã¶ã ãä¶ããä£ã made on actuarial basis and contributed to ½ãò ãâÍãªããä¶ã¦ã ãäã¾ãã Øã¾ãã Öõ ý ÊãñãããÀ¥ã ½ãã¶ãã 15 ãã approved Gratuity and Pension Fund. Provision for encashment of accumulated ã¶ãì¹ããÊã¶ã ãÀ¦ãñ Öí ÔãñÌãããä¶ãÌãðãä§ã ¾ãã 㶾ã©ãã ¹ãÀ Ôãâªñ¾ã ìáãè leave payable on retirement or otherwise is ¶ããªãèãÀ¥ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ÌãÓãà ãñ ãâ¦ã ½ãò ÌããÔ¦ããäÌãã ½ãîʾã made on actuarial valuation at the year-end, ¹ãÀ ãäã¾ãã Øã¾ãã Öõ ý in compliance with Accounting Standard 15. 10.2 In respect of overseas branches gratuity is 10.2. ãäÌãªñÍããè Íããããããò ãñ ½ãã½ãÊãñ ½ãò ¹ãªã¶ã ãã ãäÖÔããºã Ôãâºãâãä£ã¦ã accounted for as per laws prevailing in the ªñÍã ½ãò ÊããØãî ãã¶ãî¶ã ãñ ã¶ãìÔããÀ ãäã¾ãã Øã¾ãã Öõ ý respective countries. 11. ãä¶ãÌãÊã Êãã¼ã / Öããä¶ã 11. Net Profit / Loss Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ½ãò ¹ãÆã ãä¶ãÌãÊã Êãã¼ã / Öããä¶ã ãä¶ã½¶ããäÊããäã¦ã Net Profit / Loss disclosed in the Profit and ãñ ºã㪠Öõ û: Loss Account is after: i. ãã¾ã ããõÀ £ã¶ã ¹ãÀ ãÀãò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã i) Provision for taxes on income and wealth ii. ½ãã¶ãã ããäØãƽããò ãñ ãäÊã Ôãã½ã㶾㠹ãÆãÌã£ãã¶ã ããõÀ ã¶ããÃã ii) Provision for non-performing advance and ãããäÔ¦ã¾ããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã general provision for Standard Advances iii. ãä¶ãÌãñÍããò ¹ãÀ ½ãîʾãÖÆãÔã / ¹ããäÀÍããñ£ã¶ã / ¹ãÆãÌã£ãã¶ã iii) Depreciation/Amortisation/ provision on investments iv. 㶾ã ãäÀÌããûããè ããõÀ ããÌã;ãã ¹ãÆãÌã£ãã¶ã iv) Other usual and necessary provisions 12. ãÀã£ãã¶ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã 12. Provision for Taxation i. ãÀãò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ã¶ãì½ãããä¶ã¦ã ãÀ ªñ¾ã¦ãã ãñ ãã£ããÀ I) Provision for Taxes has been made on ¹ãÀ ãäã¾ãã Øã¾ãã Öõ ãäãÔã½ãò ÊãñãããÀ¥ã ½ãã¶ãª¥¡ 22 ãñ the basis of estimated tax liability which ã¶ãì¹ããÊã¶ã ½ãò, ããÔ©ããäØã¦ã ãÀ ãñ ãäÊã ãäã Øã Ôã½ãã¾ããñã¶ã includes adjustments for Deferred Tax in Íãããä½ãÊã Öö ý compliance with Accounting Standard 22. ii) Securities Transactions Tax is charged to ii. ¹ãÆãä¦ã¼ãîãä¦ã Êãñ¶ãªñ¶ã ãÀ ããñ Êãã¼ã-Öããä¶ã ãã¦ãñ ãñ ãäÊã ¹ãƼãããäÀ¦ã Profit & Loss Account. ãäã¾ãã ãã¦ãã Öõý
87 ã¶ãìÔãîÞããè 18 Schedule 18 Êãñããò ¹ãÀ ãä¹¹ããä¥ã¾ããú NOTES ON ACCOUNTS 1. Ôã½ãã¾ããñã¶ã 1. Reconciliation ãâ¦ãÀ-ºãöã ããõÀ ãâ¦ãÀ-Íãããã Êãñ¶ãªñ¶ããò ãã Ôã½ãã¾ããñã¶ã 31 ½ããÞãÃ, Reconciliation of inter-bank and inter-branch st 2010 ¦ãã ¹ãîÀã ãÀ ãäÊã¾ãã Øã¾ãã Öõ ý ºããã¾ãã ¹ãÆãäÌããäÓ¾ããò ãñ transactions has been completed up to 31 March 2010. Steps for elimination of ãäÌãÊããñ¹ã¶ã ãã ãã¾ãà ããÀãè Öõ ý Þãîâãäã ãäÌãÊããñãä¹ã¦ã ããè ãã¶ãñ ÌããÊããè ºããã¾ãã outstanding entries are in progress. Since ¹ãÆãäÌããäÓ¾ããú ¦ã¶ããè ½ãÖ¦Ìã¹ãî¥ãà ¶ã Öãñ¶ãñ ãñ ããÀ¥ã ãäãÔããè ¹ãÆããÀ ãñ ¹ãÆãä¦ãØãã½ããè the outstanding entries to be eliminated are ¹ãƼããÌã ããè ã¹ãñàãã ¶ãÖãé ããè ãã¦ããèý insignificant, no material consequential effect is anticipated. 2. ãä¶ãÌãñÍã 2. Investments:- 2.1 ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºãöã ãñ ãä¶ãÌãñÍã 2.1 In accordance with RBI guidelines, the ¹ããñùããñãäÊã¾ããñ (ªñÍããè)ããñ ¦ããè¶ã ¹ãÆÌãØããô ½ãò ÌãØããêãð¦ã ãäã¾ãã Øã¾ãã Öõ, Investments Portfolio of the bank (domestic) ããñ Ôã ¹ãÆããÀ Öõ : has been classified into three categories, as given below: -
¹ãÆÌãØãà ÔããÊã ºãÖãè ½ãîʾã ãìÊã ãä¶ãÌãñÍããò Category Gross Book Value Percentage to (Á. ãÀãñü¡ãò ½ãò ) ãã ¹ãÆãä¦ãÍã¦ã (Rs. in crore) Total Investments 31.03.2010 31.03.2009 31.03.2010 31.03.2009 31.03.2010 31.03.2009 31.03.2010 31.03.2009 ¹ããäÀ¹ããÌã¦ãã ãñ ãäÊã £ãããäÀ¦ã 25520.35 22901.12 69.36 75.09 Held to Maturity 25520.35 22901.12 69.36 75.09 ãäºãããè ãñ ãäÊã ¹ãÊ㺣ã 11263.35 7596.07 30.61 24.91 Available for Sale 11263.35 7596.07 30.61 24.91 Èñãä¡âØã ãñ ãäÊã £ãããäÀ¦ã 11.39 Íãã 0.03 Íãã Held for Trading 11.39 Nil 0.03 Nil 2.2 SLR Securities under Held to Maturity 2.2 ¹ããäÀ¹ããÌã¦ãã ãñ ãäÊã £ãããäÀ¦ã ãñ ¦ãÖ¦ã ÔãÊãããÀ ¹ãÆãä¦ã¼ãîãä¦ã¾ããú accounted for 22.39% of banks Demand and ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã 25 % ããè Ôããè½ãã ãñ ãâªÀ Time liabilities as at the end of March 2010, Öõâ ããñ ½ããÞãà 2010 ããè Ôã½ããã书㠦ãã ºãöã ããè ½ããâØã Ìã ÔããÌããä£ã which is within the ceiling of 25% stipulated by RBI. ªñ¾ã¦ããããò ãã 22.39% ÀÖãèâ ý 2.3 In respect of Held to Maturity category of 2.3 ¹ããäÀ¹ããÌã¦ãã ãñ ãäÊã £ãããäÀ¦ã ¹ãÆÌãØãà ãñ ãä¶ãÌãñÍããò ãñ Ôãâºãâ£ã ½ãò Investments, premium of Rs.114.47 crores was Á.114.47 ãÀãñü¡ ãñ ¹ãÆãèãä½ã¾ã½ã (ãä¹ãÊãñ ÌãÓãà Á.222.61 ãÀãñü¡) amortised during the year (Previous year Rs.222.61 crores). ãã Ôã ÌãÓãà ãñ ªãõÀã¶ã ¹ããäÀÍããñ£ã¶ã ãÀ ã䪾ãã Øã¾ãã Öõ ! 2.4 Securities of face value of Rs.100 crores 2.4 Ôã½ã¢ããõ¦ãã ØããÀâãè ãä¶ããä£ã ãñ ¹ãÆãä¦ã Á.100 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãà (previous year Rs.100 crores) towards Á.100 ãÀãñü¡) ãñ ãâãäã¦ã ½ãîʾã ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããõÀ Settlement Guarantee Fund and securities for Rs. 4855 crores (previous year Rs.2200 crores) Ôãâ¹ãããäÍÌãÃããèãð¦ã £ããÀ ããõÀ ¨ãɥ㠺ã㣾ã¦ããããò ãñ ¦ã֦㠣ããÀ ãñ towards collateral for borrowing under ãäÊã Ôãâ¹ãããäÍÌãÃã ãñ ¹ãÆãä¦ã Á.4855 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãà Á.2200 Collateralised Borrowing and Lending ãÀãñü¡) ãñ ãâãäã¦ã ½ãîʾã ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããñ ãäãÊã¾ããäÀâØã ãã¹ããóÀñÍã¶ã Obligations have been kept with Clearing Corporation of India Ltd. ãã¹ã âã䡾ãã ãäÊã. ½ãò Àãã Øã¾ãã Öõý 2.5 Shares under Investments in Schedule 8 2.5 ã¶ãìÔãîÞããè 8 ½ãò ãä¶ãÌãñÍããò ãñ ¦ãÖ¦ã Íãñ¾ãÀãò ½ãò Á. 21,89,07,080/- (ãä¹ãÊãñ includes Rs.21,89,07,080/- (Previous year ÌãÓãà Á 21,89,07,080/-) ãñ Íãñ¾ãÀ Íãããä½ãÊã Öö, ããñ ããºãâ¶ã Rs.21,89,07,080/-) being advance towards share capital in Regional Rural Banks pending ãñ Êãâãäºã¦ã ÀÖ¦ãñ àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãöããò ½ãò Íãñ¾ãÀ ¹ãîúããè ãñ ¹ãÆãä¦ã allotment of shares. ããäØãƽã ¹㠽ãò Ööý
88 3. ããäØãƽã 3. Advances 3.1 ããäØãƽããò ãã ÌãØããêãÀ¥ã Ìãâ Ôãâ¼ãããäÌã¦ã Öããä¶ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã 3.1 The Classification for advances and provisions for possible Loss has been made as per ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ´ãÀã ããÀãè ¹ãÆãÌã£ãã¶ããèãÀ¥ã Ôãâºãâ£ããè ½ãã¶ãªâ¡ãò prudential norms issued by Reserve Bank ãñ ã¶ãìÔããÀ ãäã¾ãã Øã¾ãã ý of India. 3.2 ØããÀâãè ÔãâÔ©ããããò ãñ ¾ãÖãú ãä¶ã¹ããÀñ ãñ ãäÊã Êãâãäºã¦ã Ìã ªã¾ãÀ ãäã 3.2 Claims pending settlement and claims yet to be lodged with Guarantee Institutions ãã¶ãñ ÌããÊãñ ñÔãñ ªãÌããò, ãäã¶ãããè Íããããããò ¶ãñ ¹ãÖÞãã¶ã ããè Öõ, ¹ãÀ identified by the branches have been ¹ãÆãÌã£ãããä¶ãã ã¹ãñàããããò ãñ ãäÊã ãäÌãÞããÀ ãäã¾ãã Øã¾ãã Öõ Ôã ãã£ããÀ considered for provisioning requirements on ¹ãÀ ãäã ñÔãñ ªãÌãñ Ìãõ£ã Ìã ÌãÔãîÊããè¾ããñؾã Ööý the basis that such claims are valid and recoverable. 3.3 ãããäÔ¦ã ÌãØããêãÀ¥ã ããõÀ ãã¾ã ããè ¹ãÖÞãã¶ã ãñ ªáªñ;ã Ôãñ 3.3 In assessing the realisability of certain ãì ããäØãƽããò ããè ØããÖãè ããè ãäÔ©ããä¦ã ãã ãä¶ã£ããÃÀ¥ã ãÀ¶ãñ ãñ advances, the estimated value of security, ãäÊã ¹ãÆãä¦ã¼ãîãä¦ã ãñ ã¶ãì½ãããä¶ã¦ã ½ãîʾã, ãò³ ÔãÀããÀ ããè Central Government guarantees and subsequent conduct/ recoveries have been ØããÀâãä¾ããò ããõÀ ºã㪠ãñ ããÞãÀ¥ã/ÌãÔãîãäÊã¾ããò ããñ £¾ãã¶ã ½ãò considered for the purpose of asset Àãã Øã¾ãã Öõ ý classification and income recognition. 3.4 ãÊãñãã-¹ãÀãèãäàã¦ã Íããããããò ãñ Ôãâºãâ£ã ½ãò ããäØãƽããò ãã ÌãØããêãÀ¥ã 3.4 The classification of advances, as certified by the Branch Managers have been Íãããã ¹ãƺãâ£ãããò ´ãÀã ãäã Øã ¹ãƽãã¥ã¶ã ãñ ã¶ãìÔããÀ Öãè ãäã¾ãã incorporated, in respect of unaudited Øã¾ãã Öõ ý branches. 3.5 ºãöã ããè ãäÌ㦦ããè¾ã ãäÔ©ãÀ¦ãã ããñ ½ããºãî¦ã ãÀ¶ãñ ããè ÒãäÓ Ôãñ 3.5 The Bank has a floating provision of Rs. 171.36 Crores (Previous Year Rs.171.36 ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã ¶¾ãî¶ã¦ã½ã ¹ãÆãÌã£ãã¶ã Ôãñ Crores) in respect of Gross Non-performing ¹ãÀ ÔããÊã ã¶ããÃã ããäØãƽããò ãñ Ôãºãâ£ã ½ãò ºãöã ãñ ¹ããÔã Á. Advances over and above the minimum 171.36 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãà 171.36 ãÀãñ¡ ) ãã ããäÔ©ãÀ provision prescribed by RBI with a view to strengthening the financial stability of the ¹ãÆãÌã£ãã¶ã Öõý Bank. 4 ãÞãÊã ãããäÔ¦ã¾ããú 4. Fixed Assets 4.1 ÌãÓãà 2008-09 ãñ ªãõÀã¶ã ºãöã ¶ãñ ã¹ã¶ããè ãäÌãªñÍããè Íããããããò Ôãñ 4.1 During the year 2008-09, the bank has ¦ãÀ ã¹ã¶ãñ ¹ããäÀÔãÀãò (¼ãîãä½ã ããõÀ ¼ãÌã¶ã ) ãã ¹ãì¶ã½ãîÃʾããâã¶ã ãäã¾ãã revalued its premises (land and buildings) other than those at overseas branches and ããõÀ ãããäÔ¦ã¾ããò ãñ ãäÌã²ã½ãã¶ã ÀããÌã ½ãîʾ㠽ãò Á.1123.55 ãÀãñü¡ added an amount of Rs. 1123.55 crores to ããñü¡ ã䪾ãã Öõý ãããäÔ¦ã¾ããò ãã ¹ãì¶ã½ãîÃʾããâã¶ã ¹ãÆããä£ããð¦ã the existing carrying value of assets. The ½ãîʾããâã¶ãã¦ããÃããòñ ´ãÀã ãäã¾ãã Øã¾ãã Öõý revaluation has been done by approved valuers. 4.2 ãì ãã¶ãî¶ããè ããõÀ 㶾ã ããõ¹ãÞãããäÀã¦ããú Êãâãäºã¦ã ÀÖ¦ãñ ã 4.2 Pending completion of certain legal and ¹ããäÀÔãÀ ãñ Ôãâºãâ£ã ½ãò ÔÌã¦Ìã ãäÌãÊãñããò ãã ãä¶ãÓ¹ã㪶ã/¹ãâããèãÀ¥ã ºãöã other formalities, title deeds have not been ãñ ¹ãàã ½ãò ¶ãÖãé Öãñ ¹ãã¾ãã Öõ, ãäãÔãããè Àã½ã Á.4.16 ãÀãñü¡ executed / registered in favour of the Bank in respect of one premises amounting to Rs. (ãä¹ãÊãñ ÌãÓãà : Ôã½¹ããä¦ã¾ããú - Â. 8.35 ãÀãñü¡) Öõ ý 4.16 crores (previous year six properties Rs.8.35 crores). 4.3 ÌãÓãà ãñ ªãõÀã¶ã ãÞãÊã ãããäÔ¦ã ããè ãäºãããè ¹ãÀ Êãã¼ã ãñ Á.1.61 ãÀãñü¡ ããè Àã½ã ããñ 31.03.2010 ¦ãã ¹ãîâããè ããÀãäàã¦ããè ½ãò 4.3 A sum of Rs.1.61 crores being profit on sale of Fixed Assets during the year has been ãäÌããä¶ã¾ããñãäã¦ã ãäã¾ãã Øã¾ãã Öõý appropriated to Capital Reserve as on 31.03.2010.
89 5. Á¹ã¾ãã º¾ããã ªÀ ÔÌãõ¹ã 5. Rupee Interest Rate Swap: An amount of Rs.4.69crores (previous year ¹ãÆãä¦ãÀàãã Öñ¦ãì ãäÊã Øã Á¹ã¾ãã º¾ããã ÔÌãõ¹ã ãñ ãä¶ãÀÔã¶ã ¹ãÀ Á.4.69 Rs.8.83 crores) is kept in deferred income ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãà 8.83 ãÀãñü¡) ããè Àã½ã ããñ Êãã¼ããò ãñ ããÀ¥ã on account of gains on termination of Rupee ãããäÔ©ãØã¦ã ãã¾ã ½ãò Àãã Øã¾ãã Öõ ããõÀ Ôãñ ÔÌãõ¹ã ããè ÔãâãäÌãªãØã¦ã interest Rate swaps taken for hedging and would be recognized over the remaining ÍãñÓã ãÌããä£ã ¾ãã ãããäÔ¦ã¾ããò / ªñ¾ã¦ããããò ããè ãÌããä£ã, ããñ ¼ããè ¹ãÖÊãñ contractual life of swap or life of the assets/ Öãñ, ãñ ãäÊã ½ã㶾ã¦ãã ªãè ããØããèý liabilities, whichever is earlier. 6. ¹ãîâããè Ìãâ ããÀãäàããä¦ã¾ããú 6. Capital and Reserves: 6.1 During the year, the Bank has raised Tier II 6.1 ÌãÓãà ãñ ªãõÀã¶ã ºãöã ¶ãñ ãä¶ã½¶ã / ÞÞã ã¾ãÀ II ºããù¥¡ ããÀãè ãÀãñ Capital amounting to Rs.800.00 Crores Á.800.00 ãÀãñü¡ Àã½ã (ãä¹ãÊãñ ÌãÓãà Á 955.30ãÀãñü¡ ) ããè (previous year Rs.955.30 Crores) by issue ã¾ãÀ II ¹ãîâããè ã¨ã ããèý of Lower / Upper Tier II Bonds. 6.2 The Bank also raised Rs.300 Crores (Previous 6.2 ºãöã ¶ãñ ã¾ãÀ 1 ãñ ¹㠽ãò Íãããä½ãÊã ãÀ¶ãñ Öñ¦ãì ¹ãã¨ã Ô©ããà ºããù¥¡ Year Nil) by way of Perpetual Bonds eligible ãñ ¹㠽ãò Á 300.00 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãà - Íãã ) ã¨ã for inclusion as Tier I Capital. ãäãý 7. Taxes Taking into consideration the decisions of 7. ãÀ Appellate Authorities, judicial pronouncements ã¹ããèÊãã¦ããà ¹ãÆããä£ããããäÀ¾ããò ãñ ãä¶ã¥ãþããò, ¶¾ãããä¾ãã ÔãâÜããñÓã¥ããããò ããõÀ and the opinion of tax experts, no provision has been considered necessary in respect ãÀ-ãäÌãÍãñÓãããò ããè Àã¾ã ¹ãÀ ãã¹ããè ãäÌãÞããÀ ãÀ¶ãñ ãñ ºããª, ãã¾ã ãÀ of disputed and other demands of income Ôãñ Ôãâºãâãä£ã¦ã Á.406.92 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãà Á.639.15 ãÀãñü¡) tax amounting to Rs.406.92 crores (previous ããè ãäÌãÌããã䪦ã Àã½ã ããõÀ 㶾㠽ããúØããò ãñ Ôãâºãâ£ã ½ãò ãäãÔããè ¹ãÆããÀ year Rs.639.15 crores) ãã ¹ãÆãÌã£ãã¶ããèãÀ¥ã ãÀ¶ãã ããÌã;ãã ¶ãÖãé Ôã½ã¢ãã Øã¾ãã ý 8. Salaries The bank holds a provision of Rs.406 Crores 8. Ìãñ¦ã¶ã as at 31.03.2010 towards arrears of salaries 31 03 2010 ¦ãã ºãöã ãñ ¹ããÔã ¶ãÌ㽺ãÀ 2007 Ôãñ ½ããÞãà 2010 for the period from November 2007 to March 2010 on an estimated basis. Provision made ¦ãã ããè ãÌããä£ã ãñ ãäÊã ã¶ãì½ãããä¶ã¦ã ãã£ããÀ ¹ãÀ Ìãñ¦ã¶ã ãñ ºããã¾ããò during the year on this account is Rs.202 ãñ ãäÊã Á.406 ãÀãñü¡ ãã ¹ãÆãÌã£ãã¶ã £ãããäÀ¦ã Öõ ý Ôã ÌãÓãà ãñ crores (including Rs.34 Crores relating to ªãõÀã¶ã Ôã ãã¦ãñ ½ãò Á 202 ãÀãñü¡ ãã ¹ãÆãÌã£ãã¶ã (ãä¹ãÊãñ ÌãÓãà ãñ previous year). Á.34 ãÀãñü¡ ããñ ãä½ãÊãã ãÀ) ãäã¾ãã Øã¾ãã Öõý 9. Profit and Loss Account 9. Êãã¼ã Ìã Öããä¶ã ãã¦ãã The profit for the year includes an amount of Rs 4.89 Crores, representing amount Ôã ÌãÓãà ãñ ãäÊã Êãã¼ã ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãä¶ãªñÍããò ãñ transferred from Blocked Nostro Accounts as per RBI directives. The amount has been ã¶ãìÔããÀ ºÊããùã ãäã Øã ¶ããÔÈãñ ãã¦ããò Ôãñ Á. 4.89 ãÀãñü¡ appropriated to Other Revenue Reserves. Íãããä½ãÊã Öõ ý Ôã Àã½ã ãã ãäÌããä¶ã¾ããñã¶ã 㶾ã ÀããÔÌã ããÀãäàããä¦ã¾ããò 10. Agricultural Debt Waiver and Debt Relief ½ãò ãäã¾ãã Øã¾ãã ý Scheme 2008 10 ãðãäÓã ¨ãɥ㠽ãã¹ããè ããõÀ ¨ãÉ¥ã Àã֦㠾ããñã¶ãã 2008 10.1 In terms of Agricultural Debt Waiver and Debt Relief Scheme 2008, framed by the 10.1¼ããÀ¦ã ÔãÀããÀ ´ãÀã ¦ãõ¾ããÀ ãðãäÓã ¨ãɥ㠽ãã¹ããè ããõÀ ¨ãÉ¥ã ÀãÖ¦ã Government of India, the Bank has received ¾ããñã¶ãã 2008 ããè Íã¦ããô ãñ ã¶ãìÔããÀ Á.580.88 ãÀãñü¡ ããè Rs. 371.97 crores towards 1st and 2nd ¨ãÉ¥ã ÀãÖ¦ã ããè ¹ãã¨ã Àã½ã ½ãò Ôãñ ºãöã ããñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã Ôãñ installment from Reserve Bank of India on account of loans to small and marginal ÊãÜãì Ìãâ Ôããè½ã㶦ã ãðÓãããò ããñ ¨ãÉ¥ããò ãñ ãäÊã ¹ãÖÊããè Ìã ªîÔãÀãè farmers, out of the amount eligible for debt ãäãÔ¦ã ãñ ãäÊã Á.371.97 ãÀãñü¡ ããè Àã½ã ¹ãÆ㹦ã Öìà Öõý waiver of Rs.580.88 crores.
90 10.2ã¦ã ¾ããñã¶ãã ãñ ¦ã֦㠼ããÀ¦ã ÔãÀããÀ Ôãñ ºããã¾ãã Á.208.91 10.2 The balance amount due from the ãÀãñü¡ ããè ÍãñÓã Àã½ã ¡ã衺ʾãî ããõÀ ¡ãèããÀÔã 2008 ãñ Government of India under the above scheme amounting to Rs.208.91 crores is ãäÊã ¼ããÀ¦ã ÔãÀããÀ Ôãñ ¹ãÆ㹾㠪ãÌãñ ãñ ¹㠽ãò ªÍããÃà Øãà Öõ ããõÀ shown as Claim Receivable from Government ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ¹ããäÀ¹ã¨ã ããè ã¶ãìÔãîÞããè 9 ½ãò ããäØãƽããò ãñ of India for ADW&DRS 2008 and included ¦ãÖ¦ã Íãããä½ãÊã ããè Øãà Öõý under advances in Schedule 9 as per Reserve Bank of India circular. 11 Ñããè ÔãìÌã¥ãà ÔãÖããÀãè ºãöã ãäÊããä½ãñ¡ 11 Shree Suvarna Sahakari Bank Ltd ÞããÊãî ãäÌ㦦ããè¾ã ÌãÓãà ½ãò ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ¦ã©ãã 㶾ã During the current financial year, the Bank has taken over specific assets and liabilities ¹ãÆããä£ããããäÀ¾ããò ãñ ã¶ãì½ããñª¶ã Ôãñ 19.05.2009 ããñ ããÀãñºããÀ Ôã½ããã书ã of M/s. Shree Suvarna Sahakari Bank Ltd., ãñ Ôã½ã¾ã Ôãñ ½ãñÔãÔãà Ñããè ÔãìÌã¥ãà ÔãÖããÀãè ºãöã ãäÊããä½ãñ¡, ¹ãì¥ãñ Pune (which was under moratorium), with (ããñ ¹ãÖÊãñ ããä£ãÔ©ãØã¶ã ½ãò ©ãã )ããè ãäÌããäÍãÓ ãããäÔ¦ã¾ããò Ìã ªñ¾ã¦ããããò effect from the close of business on 19.05.2009 ããñ Êãñ ãäÊã¾ãã Öõ ý ããä©ã¦ã ¦ããÀãèã ¦ãã Êããè Øã¾ããè ãããäÔ¦ã¾ããò Ôãñ with the approval of RBI and other authorities. The deficit representing excess ããä£ãã ªñ¾ã¦ããããò ããè Á 246.52 ãÀãñü¡ ããè Üããã Àã½ã ããñ of liabilities over assets taken over as on ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ´ãÀã ã¶ãì½ã¦ã ã¶ãìÔããÀ ¦ããè¶ã ÌãÓããô ½ãò ãã½ãñãäÊã¦ã the said date amounting to Rs.246.52 crore ãäã¾ãã ãã¶ãã Öõ ý ºãöã ¶ãñ Üããñ ããè ã ãä¦ãÖãà Àã½ã ããñ Á has to be absorbed over a period of three years, as permitted by Reserve Bank of India. 82.17 ãÀãñü¡ Öõ, ããññ Ìã¦ãýãã¶ã ÌãÓãà ãñ ªãõÀã¶ã ãã½ãñãäÊã¦ã ãäã¾ãã ý The Bank has absorbed one-third of the Üããñ ããè ÍãñÓã Á 164.35 ãÀãñü¡ Àã½ã 31. 03. 2012 Ôãñ deficit, amounting to Rs.82.17 crores during ¹ãÖÊãñ ãã½ãñãäÊã¦ã ãÀ Êããè ããØããè ý the current year. The balance of deficit amounting to Rs.164.35 crore will be ããä¦ããäÀã¦ã ¹ãÆããèãÀ¥ã absorbed before 31.03.2012. ADDITIONAL DISCLOSURES ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ãñ ½ããÔÀ ¹ããäÀ¹ã¨ã ã䪶ããâã 01 07 2009 ½ãò ãäª ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ãä¶ã½¶ããäÊããäã¦ã ããä¦ããäÀã¦ã In accordance with the guidelines issued by Reserve Bank of India vide Master Circular ¹ãÆããèãÀ¥ã ãäã ãã¦ãñ Öö: dated 1.07.2009, the following additional disclosures are made :- 1. ¹ãîâããè 1. Capital: (Á.ãÀãñü¡ ½ãò) (Rs. In Crore)
ã Ôãâ ãäÌãÌãÀ¥ã 2009-10 2008-09 S.No. Particulars 2009-10 2008-09 i ÔããèããÀããÀ(%) (ºãñÔãÊã I) 14.26% 12.70% i) CRAR (%) (Basel I) 14.26% 12.70% ii ÔããèããÀããÀ ã¾ãÀ I ¹ãîâããè (%) 8.36% 7.58% ii) CRAR - Tier I Capital (%) 8.36% 7.58% iii ÔããèããÀããÀ ã¾ãÀ II ¹ãîâããè (%) 5.90% 5.12% iii) CRAR - Tier II Capital (%) 5.90% 5.12% iv ¼ããÀ¦ã ÔãÀããÀ ããè Íãñ¾ãÀ£ãããäÀ¦ãã iv) Percentage of shareholding of ããè ¹ãÆãä¦ãÍã¦ã¦ãã 61.23% 61.23% Government of India 61.23% 61.23% v ãã¹ããè¡ãèãã ãñ ãä¶ãØãýã¶ã Ôãñ ããä¨ã¦ã Àã½ã 300.00 Íãã v) Amount raised by issue of IPDI 300.00 Nil Vi ¹ãÆÌãÀ ã¾ãÀ II ãäÊãã¦ããò ãñ ãä¶ãØãýã¶ã Ôãñ vi) Amount raised by issue of Upper Tier II instruments 800.00 955.30 ããä¨ã¦ã Àã½ã 800.00 955.30
91 2. ãä¶ãÌãñÍã : 2. Investments: 2.1 ãä¶ãÌãñÍããò ãã ½ãîʾã 2.1 Value of Investments ( Á ãÀãñ¡ ½ãò ) (Rs. in Crore)
31.03.2010 31.03.2009 31.03.2010 31.03.2009 I. ãä¶ãÌãñÍããò ãã ÔããÊã ½ãîʾã (i) Gross Value of Investments i) ¼ããÀ¦ã ½ãò 36795.09 30497.19 (a) In India 36795.09 30497.19 ii) ¼ããÀ¦ã ãñ ºããÖÀ 1086.16 1056.46 (b) Outside India 1086.16 1056.46 II. ½ãîʾãÖÆãÔã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã (ii) Provision for Depreciation i) ¼ããÀ¦ã ½ãò 174.01 255.21 (a) In India 174.01 255.21 ii) ¼ããÀ¦ã ãñ ºããÖÀ 56.68 83.00 (b) Outside India 56.68 83.00 III. ãä¶ãÌãñÍããò ãã ãä¶ãÌãÊã ½ãîʾã (iii) Net value of Investments i) ¼ããÀ¦ã ½ãò 36621.08 30241.98 (a) In India 36621.08 30241.98 ii) ¼ããÀ¦ã ãñ ºããÖÀ 1029.48 973.46 (b) Outside India 1029.48 973.46 2.2 - ¼ãìØã¦ãã¶ã Öñ¦ãì ¹ããäÀ¹ããÌã Öìà ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ÔããäÖ¦ã ãä¶ãÌãñÍããò ¹ãÀ ½ãîʾãÖÆãÔã 2.2 Movement of Provision held towards depreciation on Investments including securities ãñ ¹ãÆãä¦ã £ãããäÀ¦ã ¹ãÆãÌã£ãã¶ããò ãã ¹ãÆÞãÊã¶ã matured for payment (Á. ãÀãñü¡ ½ãò) (Rs. In Crore)
2009-10 2008-09 2009-10 2008-09 i. ããÀâãä¼ãã ÍãñÓã 342.82 314.41 (i) Opening Balance 342.82 314.41 ii. ããñ¡ò :ÌãÓãà ãñ ªãõÀã¶ã ãäã Øã ¹ãÆãÌã£ãã¶ã 141.08 253.23 (ii) ADD Provisions made during the year 141.08 253.23 iii. Üããú : ÌãÓãà ãñ ªãõÀã¶ã ãäã Øã 249.33 224.82 (iii) LESS Write off/Write Back of excess ããä£ãã ¹ãÆãÌã£ãã¶ããò ãã provisions during the year 249.33 224.82 ºãáñ ãã¦ãñ ¡ãÊã¶ãã / ¹ãì¶ãÀãâã¶ã ãÀ¶ãã (iv) Closing Balance 234.57 342.82 iv. Ôã½ãã¹ã¶ã ÍãñÓã 234.57 342.82 2.3 Repo transactions: 2.3 ãäÀ¹ããñ Êãñ¶ãªñ¶ããò (Rs in Crore) (Á ãÀãñü¡ ½ãò) Particulars Minimum Maximum Daily Average As on outstanding outstanding outstanding March 31 during the year during the year during the year ãäÌãÌãÀ¥ã ÌãÓãà ãñ ªãõÀã¶ã ÌãÓãà ãñ ªãõÀã¶ã ÌãÓãà ãñ ªãõÀã¶ã 31 ½ããÞãà ¦ãã 09-10 08-09 09-10 08-09 09-10 08-09 2010 2009 ¶¾ãî¶ã¦ã½ã ºããã¾ãã ããä£ãã¦ã½ã ºããã¾ãã ªõãä¶ãã ããõÔã¦ã ãñ ãäÊã ºããã¾ãã Securities sold 09-10 08-09 09-10 08-09 09-10 08-09 2010 2009 under Repos (LAF) 120.00 245.00 595.00 3500.00 222.40 575.68 Nil 245.00
ãäÀ¹ããñ ãñ ¦ã֦㠺ãñÞããè Securities sold Øã¾ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú under Repos (Êã¹ã) 120.00 245.00 595.00 3500.00 222.40 575.68 Íãã 245.00 (Inter Bank) 4.93 5.51 159.23 375.08 15.64 40.89 Nil Nil ãäÀ¹ããñ ãñ ¦ã֦㠺ãñÞããè Øã¾ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú Securities (ãâ¦ãÀ-ºãöã) 4.93 5.51 159.23 375.08 15.64 40.89 Íãã Íãã Purchased under reverse repo (LAF) 300.00 50.00 7800.00 4700.00 2927.33 307.12 Nil Nil ãäÀÌãÔãà ãäÀ¹ããñ ãñ ¦ãÖ¦ã ãÀãèªãè Øã¾ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú Securities (Êã¹ã) 300.00 50.00 7800.00 4700.00 2927.33 307.12 Íãã Íãã Purchased under ãäÀÌãÔãà ãäÀ¹ããñ ãñ ¦ãÖ¦ã reverse repo ãÀãèªãè Øã¾ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú (Inter Bank) Nil 189.98 Nil 698.74 Nil 38.86 Nil Nil (ãâ¦ãÀ-ºãöã) Íãã 189.98 Íãã 698.74 Íãã 38.36 Íãã Íãã
92 2.4 ØãõÀ - ÔãÊãããÀ ãä¶ãÌãñÍã ¹ããñùããñãäÊã¾ããñ 2.4 Non-SLR Investment Portfolio ØãõÀ-ÔãÊãããÀ ãä¶ãÌãñÍããò ããè ããÀãèã¦ããÃ-ÌããÀ ÔãâÀÞã¶ãã Issuer Composition Of Non-SLR Investments (Á ãÀãñü¡ ½ãò) (Rs. in crore) No Issuer Amount Extent of Extent of Extent of Extent of Ôãâ û ããÀãèã¦ããà Àã½ã ãä¶ãããè ãä¶ãÌãñÍã ãñ ØãõÀ ãÔãîãäÞã¦ã Private below Unrated Unlisted Placement Investment Securities Securities ¹ÊãñÔã½ãò ãã ã½ã Ñãñ¥ããè ããè ªÍãâãäã¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããú grade ãäÌãÔ¦ããÀ ¹ãÆãä¦ã¼ãîãä¦ã¾ããú ¹ãÆãä¦ã¼ãîãä¦ã¾ããú ãã ãäÌãÔ¦ããÀ Securities (1) (2) (3) (4) (5) (6) (7) (1) (2) (3) (4) (5) (6) (7) 1 ÔããÌãÃããä¶ãã àãñ¨ã ãñ ¹ãã½ã 623.51 595.33 0.00 9.00 15.29 1 PSUs 623.51 595.33 0.00 9.00 15.29 2 ãäÌ㦦ããè¾ã ÔãâÔ©ããú 253.48 233.00 0.00 18.21 18.21 2 FIs 253.48 233.00 0.00 18.21 18.21 3 Banks 2578.73 2569.25 0.00 0.00 0.00 3 ºãöã 2578.73 2569.25 0.00 0.00 0.00 4 Private Corporates 783.19 650.01 0.00 84.76 114.55 4 ãä¶ãããè ãã¹ããóÀñ 783.19 650.01 0.00 84.76 114.55 5 Subsidiaries / 5 ã¶ãìÓãâØããè / Ôãâ¾ãìã¦ã ²ã½ã 28.50 28.50 0.00 0.00 0.00 Joint Ventures 28.50 28.50 0.00 0.00 0.00 6 㶾ã 196.39 182.60 0.00 45.26 0.00 6 Others 196.39 182.60 0.00 45.26 0.00 7 ½ãîʾãÖÆãÔã Öñ¦ãì £ãããäÀ¦ã ¹ãÆãÌã£ãã¶ã *127.33 xxx xxx xxx xxx 7 Provision held ãìÊã 4591.13 4258.69 0.00 157.23 148.05 towards depreciation*127.33 XXX XXX XXX XXX Total 4591.13 4258.69 0.00 157.23 148.05 * ã¶ããÃã ãä¶ãÌãñÍããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã Ìã ¹ãì¶ãÔãÄÀãäÞã¦ã ãä¶ãÌãñÍããò ¹ãÀ * Exclusive of provision for non-performing investments º¾ããã ãñ ¦¾ããØã ããñ ãñü¡ãÀ and interest sacrifice on restructured investments. 2.5 ã¶ããÃã ØãõÀ ÔãÊãããÀ ãä¶ãÌãñÍã 2.5 Non Performing Non SLR Investments (Á ãÀãñü¡ ½ãò) (Rs. In Crore) ãäÌãÌãÀ¥ã Àã½ã Particulars Amount
1 ã¹ãÆõÊã 2009 ¦ãã ãã ããÀâãä¼ãã ÍãñÓã 16.83 Opening Balance as on 1st April 2009 16.83 1 ã¹ãÆõÊã Ôãñ ÌãÓãà ãñ ªãõÀã¶ã ããñ¡ 0.00 Additions during the year since 1st April 0.00 ¹ã¾ãÃìã¦ã ÌãÓãà ãñ ªãõÀã¶ã ããõãä¦ã¾ããú 12.72 Reductions during the above period 12.72 31 03 2010 ¦ãã ãã ãâãä¦ã½ã ÍãñÓã 4.11 Closing Balance as on 31st March 2010 4.11 ãìÊã £ãããäÀ¦ã ¹ãÆãÌã£ãã¶ã 4.11 Total Provisions held 4.11 3. ¡ñãäÀÌãñãäÌÔã : 3. DERIVATIVES: 3.1 Forward Rate Agreement / Interest Rate Swap 3.1 Ìãã¾ãªã ªÀ ãÀãÀ / º¾ããã ªÀ ÔÌãõ¹ã (Rs. in Crore) (Á.ãÀãñ¡ ½ãò) PARTICULARS 2009-10 2008-09 ãäÌãÌãÀ¥ã 2009-10 2008-09 Rupee FX Total Rupee FX Total Exposure Exposure Exposure Exposure Á¹ã¾ãã ¹ã ãÔã ãìÊã Á¹ã¾ãã ¹ããÔã ãìÊã ããñãäã½ã ããñãäã½ã ããñãäã½ã ããñãäã½ã i) The notional principal of swap i)ÔÌãõ¹ã ãÀãÀãò ããè agreements 1075.00 1932.60 3007.60 1800.00 1756.42 3556.42 ããʹããä¶ãã ½ãîÊã Àã½ã 1075.001932.603007.60 1800.001756.423556.42 ii) Losses which would be incurred ii)ãÀãÀãò ãñ ¦ã֦㠾ããäª if counter-parties ããâÀ ¹ãããê ã¹ã¶ããè failed to fulfil their ºã㣾ã¦ãã ããñ ¹ãîÀã ãÀ¶ãñ ½ãò obligations under ãÔã¹ãÊã Öãñ¦ããè Öõ ¦ããñ ÔãÔãñ the agreements 23.92 9.16 33.08 54.33 66.58 120.91 Öãñ¶ãñ ÌããÊããè Öããä¶ã 23.92 9.16 33.08 54.33 66.58 120.91 iii) Collateral required iii) ÔÌãõ¹ã ãÀ¶ãñ ¹ãÀ ºãöã ´ãÀã by the bank upon entering into swaps Nil Nil Nil Nil Nil Nil ã¹ãñãäàã¦ã Ôãâ¹ãããäÍÌãÃã ¹ãÆãä¦ã¼ãîãä¦ã Íãã Íãã Íãã Íãã Íãã Íãã iv) Concentration of iv)ÔÌãõ¹ã Ôãñ ¦¹ã¸ã ¨ãÉ¥ã credit risk arising ããñãäã½ã ¹ãÀ ãò³ãèãÀ¥ã Íãã Íãã Íãã Íãã Íãã Íãã from the swap Nil Nil Nil Nil Nil Nil v)ÔÌãõ¹ã ºãÖãè ãã ãäÞã¦ã ½ãîʾã13.88 -7.94 5.94 26.07 -9.98 16.09 v) The fair value of the swap book 13.88 -7.94 5.94 26.07 -9.98 16.09
93 3.2 ãäÌããä¶ã½ã¾ã ̾ãã¹ããÀ º¾ããã ªÀ ¡ñãäÀÌãñãäÌÔã 3.2 Exchange Traded Interest Rate Derivatives (Á.ãÀãñ¡ ½ãò) (Rs. In crore) ã½ã Ôãâ ãäÌãÌãÀ¥ã Àã½ã S. No. Particulars Amount i) ÌãÓãà ãñ ªãõÀã¶ã ãäÌããä¶ã½ã¾ã ̾ãã¹ããÀ º¾ããã ªÀ ¡ñãäÀÌãñãäÌÔã (i) Notional principal amount of exchange ããè ããʹããä¶ãã ½ãîÊã Àã½ã (ãäÊãã¦ãÌããÀ) Íãã traded interest rate derivatives undertaken during the year (instrument wise) Nil ii) 31 ½ããÞãà 2010 ¦ãã ºããã¾ãã ãäÌããä¶ã½ã¾ã ̾ãã¹ããÀ º¾ããã ªÀ ¡ñãäÀÌãñãäÌÔã ããè ããʹããä¶ãã ½ãîÊã Àã½ã (ãäÊãã¦ãÌããÀ) Íãã (ii) Notional principal amount of exchange traded interest rate derivatives outstanding iii) ºããã¾ãã ãäÌããä¶ã½ã¾ã ̾ãã¹ããÀ º¾ããã ªÀ ¡ñãäÀÌãñãäÌÔã ããè as on 31st March 2010 (instrument wise) Nil ããʹããä¶ãã ½ãîÊã Àã½ã ããõÀ ããñ ÞÞã ¹ãƼããÌããè (iii) Notional principal amount of exchange ¶ãÖãé Öõ (ãäÊãã¦ãÌããÀ) Íãã traded interest rate derivatives outstanding and not highly effective (instrument wise) Nil iv) ãäÌããä¶ã½ã¾ã ̾ãã¹ããÀ ãäã Øã º¾ããã ªÀ ¡ñãäÀÌãñãäÌÔã (iv) Mark-to-market value of exchange traded ºããã¾ãã ãñ ºããããÀ ½ãîʾã ããñ ºãÖãèØã¦ã ½ãîʾ㠽ãò ãâãäã¦ã interest rate derivatives outstanding and not ãÀ¶ãã ããõÀ ããñ ÞÞã ¹ãƼããÌããè ¶ãÖãé Öõ (ãäÊãã¦ãÌããÀ) Íãã highly effective (instrument wise) Nil 3.3 ¡ñãäÀÌãñãäÌÔã ½ãò ããñãäã½ã ãÔã¹ããñûãÀ ¹ãÀ ¹ãÆããèãÀ¥ã 3.3 DISCLOSURES ON RISK EXPOSURE IN DERIVATIVES 3.3.1 Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã 3.3.1 Qualitative Disclosure ÈñãÀãè (ãäÌãªñÍããè) Treasury (Foreign) The Bank uses Interest Rate Swaps (IRS), ºãöã, ºãöãäãâØã ºãÖãè ½ãò º¾ããã ªÀ ããñãäã½ã ããõÀ ½ãì³ã ããñãäã½ã ããñ Currency Swaps and Options for hedging ã½ã ãÀ¶ãñ ãñ ÿñ;ã Ôãñ ¹ãÆãä¦ãÀàãã ãñ ãäÊã º¾ããã ªÀ ÔÌãõ¹ã (ãã purpose to mitigate interest rate risk and ããÀ Ôã), ½ãì³ã ÔÌãõ¹ã Ìã ãìÊãñ ºããûããÀ ãã ¹ãƾããñØã ãÀ¦ãã Öõý ºãöã currency risk in banking book. The Bank also offers these products to corporate clients to ãã¹ããóÀñ ØãÆãÖããò ããñ ¾ãñ ¦¹ã㪠¼ããè ¹ãÊ㺣ã ãÀã¦ãã Öõ ¦ãããäã Ìãñ enable them to manage their own currency ã¹ã¶ããè Öãè ½ãì³ã ããõÀ º¾ããã ªÀ ããñãäã½ã ãã ¹ãƺãâ£ã¶ã ãÀ Ôããñý and interest rate risk. Such transactions are Ôã ¦ãÀÖ ãñ Êãñ¶ãªñ¶ã ØãÆãÖããò Ìã ºãöããò ãñ Ôãã©ã Öãè Àãñ ãã¦ãñ Öõâ entered only with Clients and Banks having ãäã¶ããñ ãÀãÀ ãäÌã²ã½ãã¶ã Öö ý agreements in place. a) The Risk Management Policies of the Bank ã) ãäÌãªñÍããè £ããÀ / û¹ã Ôããè ¶ã ããÀ [ºããè] ¹ããñÃû¹ããñãäÊã¾ããñ / ãããäÔ¦ã allows using of derivative products to hedge ªñ¾ã¦ãã ãñ ãÔãâ¦ãìÊã¶ã ãñ ããÀ¥ã º¾ããã / ãäÌã¶ã½ã¾ã ªÀãò ½ãò ¦¹ã¸ã the risk in Interest / Exchange rates that arise Öãñ¶ãñ ÌããÊããè ããñãäã½ã ããè ¹ãÆãä¦ãÀàãã ãñ ãäÊã ¡ñãäÀÌãñãäÌÔã ¦¹ããªãò on account of overseas borrowing / FCNR (B) portfolio / the asset liability mis-match, ãã ¹ãƾããñØã ãÀ¶ãñ ãñ ãäÊã ãäÌãªñÍããè Íããããããò ãããäª ãñ ãä¶ããä£ã¾ã¶ã for funding overseas branches etc., and also Öñ¦ãì ºãöã ããè ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã¾ããú ã¶ãì½ããä¦ã ªñ¦ããè Öö ããõÀ to offer derivative products on back-to-back Ôãã©ã Öãè ¾ãñ ¡ñãäÀÌãñãäÌã ¦¹ã㪠ªì¦ãÀ¹ãã ãã£ããÀ ¹ãÀ ØãÆãÖããò ããñ basis to customers. ¹ãÊ㺣ã ãÀã¶ãñ ããè ã¶ãì½ããä¦ã ªñ¦ããè Öõâý b) The Bank has a system of evaluating the derivatives exposures separately and placing ãã) ¡ñãäÀÌãñãäÌÔã ãÔ¹ãü¹ããñãÀ ãã ½ãîʾããâã¶ã ãÀ¶ãñ ãñ ãäÊã ºãöã ãñ appropriate credit lines for execution of ¹ããÔã ã ãÊãØã ¹ãÆ¥ããÊããè Öõ ããõÀ ̾ããäã¦ãØã¦ã ØãÆãÖããò ããè ãä¶ãÌãÊã derivative transactions duly reckoning the Net Ôããã Ìãâ ¹ãÆãä¦ã¼ãîãä¦ã Ôã½ã©ãöã ããñ ¹ãî¥ãà ¹ã Ôãñ Øã¥ã¶ãã ½ãò Êãñ¦ãñ Öì Worth and security backing of individual ¡ñãäÀÌãñãäÌã Êãñ¶ã-ªñ¶ã ãñ ãä¶ãÓ¹ã㪶ã ãñ ãäÊã Ôã½ãìãäÞã¦ã £ããÀ Ñãñãä¥ã¾ããú clients. ¹ãÆÔ¦ãì¦ã ãÀ¶ãñ ããè ¼ããè ¹ãÆ¥ããÊããè Öõý c) The Bank has set in place appropriate control systems to assess the risks associated in ) ºãöã ¶ãñ ¹ãÆãä¦ãÀàãã ãäÊãã¦ããò ãñ ¹㠽ãò ¡ñãäÀÌãñãäÌÔã ãñ ¹ã¾ããñØã Ôãñ using derivatives as hedge instruments and ãì¡ñ ããñãäã½ã ããñ ãä¶ã£ããÃãäÀ¦ã ãÀ¶ãñ ãñ ãäÊã ãäÞã¦ã ãä¶ã¾ãâ¨ã¥ã proper risk reporting systems are in place
94 ¹ãÆ¥ãããäÊã¾ããò ãã Øã¶ã ãäã¾ãã Öõ ããõÀ ¡ñãäÀÌãñãäÌã Êãñ¶ãªñ¶ã Ôãñ Ôãâºãâãä£ã¦ã to monitor all aspects relating to derivative Ôã¼ããè ¹ãàããò ãñ ¹ãƺããñ£ã¶ã ãñ ãäÊã ãäÞã¦ã ããñãäã½ã ãäÀ¹ããñãäÄØã ¹ãÆ¥ãããäÊã¾ããú transactions. The Derivative transactions were undertaken only with counterparties well ¹ãÊ㺣ã ãÀÌããà Öö ý ¹ãƦ¾ãñã ¹ãÆãä¦ã¹ãàããè ¹ãããê ãñ ãäÊã ¹ã¾ãìã¦ã within the exposure limit approved by £ããÀ ½ãâãîÀãèã¦ããà ¹ãÆããä£ããããäÀ¾ããò ´ãÀã ã¶ãì½ããñã䪦ã ããñãäã½ã Ôããè½ãã appropriate credit sanctioning authorities for ãñ ãâªÀ ¡ñãäÀÌãñãäÌã Êãñ¶ã-ªñ¶ã Öãè ãäÔã¹ãà ¹ãÆãä¦ã¹ãàããè ¹ãããê ãñ Ôãã©ã each counter party. ãäã Øãý d) The Bank has set necessary limits in place for using derivatives and its position is Ã) ºãöã ¶ãñ ¡ñãäÀÌãñãäÌÔã ãñ ¹ãƾããñØã ãñ ãäÊã ããÌã;ãã Ôããè½ããú ¦ã¾ã continuously monitored. ããè Öö ããõÀ ¶ãããè ãäÔ©ããä¦ã ãã ãä¶ãÀâ¦ãÀ ¹ãƺããñ£ã¶ã ãäã¾ãã ãã¦ãã Öõ ý e) The Bank has a system of continuous ) ºãöã ãñ ¹ããÔã ããÌã;ãã ã¶ãìÌã¦ããê ããÀÃÌããà Íãì ãÀ¶ãñ ãñ ãäÊã monitoring and appraisal of resultant exposures across the administrative hierarchy ¹ãÆÍããÔããä¶ãã ¹ãªã¶ãìã½ã ½ãò ¹ããäÀ¥ãã½ããè ãÔã¹ããñûãÀ ãñ ½ãîʾããâã¶ã Ìã for initiation of necessary follow up actions. ãä¶ãÀâ¦ãÀ ¹ãƺããñ£ã¶ã ãÀ¶ãñ ããè ¼ããè ¹ãÆ¥ããÊããè Öõ ý f) Derivatives are used by the Bank to hedge ) ºãöã ãñ ¦ãìÊã¶ã ¹ã¨ã ããè ¹ãÆãä¦ãÀàãã ãÀ¶ãñ ããõÀ ãã¹ããóÀñ ØãÆãÖããò ãã the Banks Balance Sheet and offered to select corporate clients on back-to-back ¹ããÀÔ¹ããäÀã ãã£ããÀ ¹ãÀ Þã¾ã¶ã ãÀ¶ãñ ãñ ãäÊã ºãöã ´ãÀã ¡ñãäÀÌãñãäÌÔã basis. In respect of hedge transactions the ãã ¹ãƾããñØã ãäã¾ãã ãã¦ãã Öõ ý ¹ãÆãä¦ãÀàãã Êãñ¶ãªñ¶ããò ãñ Ôãâºãâ£ã ½ãò value and maturity of hedges has not ¹ãÆãä¦ãÀàãã ãñ ½ãîʾã Ìã ¹ããäÀ¹ããã ¶ãñ ½ãîÊãã£ããÀ ããñ ¹ããÀ ¶ãÖãé ãäã¾ããý exceeded that of the underlying exposure. In respect of back-to-back transactions the ¹ããÀÔ¹ããäÀã Êãñ¶ãªñ¶ããò ãñ Ôãâºãâ£ã ½ãò ØãÆãÖããò ãñ Ôãã©ã ãñ Êãñ¶ãªñ¶ã, transactions with clients are fully matched ºãöã ãñ ããâÀ ¹ãããê Êãñ¶ãªñ¶ããò Ôãñ ¹ãî¥ãæã: ½ãñÊã ãäã Øã Öö ããõÀ with counter party bank transactions and there ã¶ããÀãäàã¦ã ãÔã¹ããñûãÀ ¶ãÖãé Öö ý is no uncovered exposure. g) The income from such derivatives are ¨ãÉ) Ôã ¹ãÆããÀ ãñ ¡ñãäÀÌãñãäÌÔã Ôãñ Öãñ¶ãñ ÌããÊããè ãã¾ã ããñ ¹ããäÀÍããñãä£ã¦ã amortised and taken to Profit and Loss ãäã¾ãã Øã¾ãã Öõ ããõÀ Ôãñ ÔãâãäÌãªã ããè ãÌããä£ã ãñ ªãõÀã¶ã ¹ããäÞã¦ã ãñ Account on accrual basis over the life of the ãã£ããÀ ¹ãÀ Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ½ãò ãäÊã¾ãã Øã¾ãã Öõ ý ¦ãìÊã¶ã ¹ã¨ã Öñ¦ãì contract. In case of early termination of swaps undertaken for Balance Sheet ãäã Øã ÔÌãõ¹ã ãñ ÍããèÜãÆ ãä¶ãÀÔã¶ã ãñ ½ãã½ãÊãñ ½ãò ñÔãñ Êãã¼ã ãñ management, income on account of such ããÀ¥ã ¹ãÆ㹦ã ãã¾ã ããè ¹ãÖÞãã¶ã ÔÌãõ¹ã ããè ÍãñÓã ÔãâãäÌãªã¦½ãã ãÌããä£ã gains would be recognised over the remaining ¾ãã ãããäÔ¦ã¾ããò / ªñ¾ã¦ããããò ããè ãÌããä£ã, ããñ ¼ããè ã½ã Öãñ, ãñ contractual life of the swap or life of the ãã£ããÀ ¹ãÀ ããè ããØããè ý ØãÆãÖããò ãñ ãäÊã ªì¦ãÀ¹ãã ãã£ããÀ ¹ãÀ assets / liabilities whichever is lower. In case of early termination of derivatives undertaken ãäÊã Øã ¡ñãäÀÌãñãäÌÔã ãñ ÍããèÜãÆ ãä¶ãÀÔã¶ã ãñ Ôãâºãâ£ã ½ãò ¹ãÆ㹦ã Öãñ¶ãñÌããÊããè for customers on a back-to-back basis, ãã¾ã ããè ¹ãÖÞãã¶ã ãä¶ãÀÔã¶ã ãñ ãã£ããÀ ¹ãÀ ããè ããØããè ý income on account of such things will be recognised on termination. ) Ôã¼ããè ¹ãÆãä¦ãÀàãã Êãñ¶ãªñ¶ã ¹ãÞã¾ã¶ã ãñ ãã£ããÀ ¹ãÀ ¹ããäÀããäÊã¦ã ãäã h) All the hedge transactions have been Øã Öö ý ºããã¾ãã ÔãâãäÌãªãããò ãã ½ãîʾããâã¶ã ºããûããÀ ½ãîʾã ããñ ºãÖãè accounted on accrual basis. Valuations of ½ãò ãâãäã¦ã ãÀ¶ãñ ãñ ãã£ããÀ ¹ãÀ ãäã¾ãã Øã¾ãã ý ¡ñãäÀÌãñãäÌÔã ½ãò the outstanding contracts are done on Mark Êãñ¶ãªñ¶ã ãÀ¶ãñ ãñ ãäÊã ºãöã ãñ ¹ããÔã ãäÌããä£ãÌã¦ã ã¶ãì½ããñã䪦ã ããñãäã½ã to Market basis. The Bank has duly approved Risk Management and Accounting procedures ¹ãƺãâ£ã¶ã ããõÀ Êãñããâã¶ã ¶ããèãä¦ã ¹ãÊ㺣ã Öõ ý for dealing in Derivatives. ñ) ¡ñãäÀÌãñãäÌÔã Êãñ¶ãªñ¶ã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ i) The derivative transactions are conducted in ã¶ãìÔããÀ ãäã ãã¦ãñ Ööý accordance with the guidelines of Reserve Bank of India. ÈñûãÀãè - (ªñÍããè¾ã) Treasury (Domestic) ºãöã, ÔãÀããÀãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ½ãò º¾ããã ªÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ The Bank uses the Rupee Interest Rate Swaps (IRS) for hedging purpose to mitigate ãñ ÿñ;ã Ôãñ ¹ãÆãä¦ãÀàãã Öñ¦ãì ããõÀ Øããõ¥ã ¨ãÉ¥ããò Ìã ÔããÌããä£ã ã½ããããò interest rate risk in Govt. Securities and to ããè ÊããØã¦ã ã½ã ãÀ¶ãñ ãñ ãäÊã Á¹ã¾ãã º¾ããã ªÀ ÔÌãõ¹ã (ããããÀÔã) reduce the cost of Subordinated Debt and
95 ãã ¹ãƾããñØã ãÀ¦ãã Öõý Ôããñ ããä¦ããäÀã¦ã ºããñ¡Ã ´ãÀã ã¶ãì½ããñã䪦ã term deposits. In addition, the bank also ¶ããèãä¦ã ãñ ã¶ãìÔããÀ Èñãä¡âØã ãñ ãäÊã ºãöã Á¹ã¾ãã º¾ãããªÀ ÔÌãõ¹ã ããñ enters into rupee interest rate swaps for trading purposes as per the policy duly ã¹ã¶ãã¦ãã Öõ ý ÔÌãõ¹ã Êãñ¶ãªñ¶ã ãñÌãÊã ¶Öãé ºãöããò ãñ Ôãã©ã ãäã approved by the Board. Swap transactions ãã¦ãñ Öõ ãäã¶ããñ ¹ããÔã ããÔã¡ãè ãÀãÀ ãäÌã²ã½ãã¶ã Öõý are entered only with Banks having ISDA agreements in place. ã. ºãöã ½ãò ããñãäã½ã ¹ãƺãâ£ã¶ã ãñ ãäÊã ¹ã¾ãìã¦ã ¤ãúÞãã ããõÀ ÔãâØã¶ã a) The Bank has put in place an appropriate ¹ãÊ㺣ã Öõ ãäãÔã½ãò ÈñûãÀãè ãäÌã¼ããØã, ºããñ¡Ã ããè ãããäԦ㠪ñ¾ã¦ãã ¹ãƺãâ£ã¶ã structure and organization for management Ôããä½ããä¦ã ããõÀ ããñãäã½ã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã Íãããä½ãÊã Öõ ý of risk which includes Treasury Department, Asset Liability Management Committee and ã. ¡ñãäÀÌãñãäÌã Êãñ¶ãªñ¶ããò ½ãò ºããããÀ ããñãäã½ã (º¾ããã ªÀãò ½ãò ¹ãÆãä¦ããîÊã Risk Management Committee of the Board. ÔãâÞãÊã¶ã ãñ ããÀ¥ã ¦¹ã¸ã ), £ããÀ ããñãäã½ã (Ôãâ¼ãããäÌã¦ã ããâÀ b) Derivative transactions carry Market Risk ¹ãããê Þãîã¶ãñ Ôãñ ¦¹ã¸ã ), ¦ãÀÊã¦ãã ããñãäã½ã ( Ôãã½ã㶾㠽ãîʾ㠹ãÀ (arising from adverse movement in interest Êãñ¶ãªñ¶ã ãä¶ãÓ¹ããã䪦ã ãÀ¶ãñ Öñ¦ãì ¾ãã ãä¶ããä£ã¾ã¶ã ããè ãÂÀ¦ããò ããè ¹ãîãä¦ãà rates), credit risk (arising from probable counter party failure), liquidity risk (arising ãÀ¶ãñ Ôãñ Þãîã¶ãñ ¹ãÀ ¦¹ã¸ã), ¹ããäÀÞããÊã¶ãØã¦ã ããñãäã½ã, ãäÌããä¶ã¾ã㦽ãã from failure to meet funding requirements or ããñãäã½ã ããõÀ ¹ãÆãä¦ãÓã ããñãäã½ã Íãããä½ãÊã ÀÖ¦ãã Öõ ý ºãöã ¶ãñ execute the transaction at a reasonable ¡ñãäÀÌãñãäÌÔã ãã ¹ãƾããñØã ãÀ¶ãñ ½ãò ãä¶ããäÖ¦ã ããñãäã½ã ãã ½ãîʾããâã¶ã price), operational risk, regulatory risk and reputation risk. The Bank has laid down ãÀ¶ãñ ãñ ãäÊã ¹ã¾ãìã¦ã ãä¶ã¾ãâ¨ã¥ã ¹ãÆ¥ãããäÊã¾ããú Ô©ãããä¹ã¦ã ãÀ Àããè Öõâ policies, set in place appropriate control ããõÀ ¡ñãäÀÌãñãäÌã Êãñ¶ãªñ¶ããò Ôãñ Ôãâºãâãä£ã¦ã Ôã¼ããè ¹ãàããò ãã ¹ãƺããñ£ã¶ã systems to assess the risks associated in ãÀ¶ãñ Öñ¦ãì ãäÞã¦ã ããñãäã½ã ÔãîÞã¶ãã ¹ãÆ¥ããÊããè ããõÀ Ôãñ ã½ã ãÀ¶ãñ using derivatives and proper risk reporting and mitigation systems are in place to ããè ¹ãÆ¥ããÊããè ¹ãÊ㺣ã ãÀÌããà Öõý ããããÀÔã Êãñ¶ãªñ¶ã ãñÌãÊã monitor all risks relating to derivative ºãöããò ãñ Ôãã©ã ¹ãÆãä¦ã ¹ãããê ãñ ¹㠽ãò ãäã ãã¦ãñ Öö ããõÀ ¾ãñ ÖÀ ¹ãÆãä¦ã transactions. The IRS transactions were ¹ãããê ãñ ãäÊã ºãöã ãñ ºããñ¡Ã ´ãÀã ã¶ãì½ããñã䪦㠣ããÀ Ôããè½ãã ãñ undertaken with only Banks as counter party 㶪À Öãñ¦ãñ Ööý and well within the exposure limit approved by the Board of the Bank for each counter Øã. ºãöã ¡ñãäÀÌãñãäÌÔã ãã ¹ãƾããñØã ¹ãÆãä¦ãÀàãã Ìãâ Èñãä¡âØã ãñ ãäÊã ãÀ¦ãã party. Öõ ý ºãöã ½ãò ¡ñãäÀÌãñãäÌÔã ãñ ãäÊã ã¶ãì½ããñã䪦㠶ããèãä¦ã ¹ãÊ㺣ã Öõ c) Derivatives are used by the Bank for trading ããõÀ ºãöã ¶ãñ ¡ñãäÀÌãñãäÌÔã ãã ¹ãƾããñØã ãÀ¶ãñ ãñ ãäÊã ããÌã;ãã and hedging. The bank has an approved policy in force for derivatives and has set Ôããè½ããâ ãä¶ã¾ã¦ã ããè Öõâ ããõÀ Ôãããè ãäÔ©ããä¦ã ãã ãä¶ã¾ããä½ã¦ã ¹ã Ôãñ necessary limits for the use of derivatives and ¹ãƺããñ£ã¶ã ãäã¾ãã ãã¦ãã Öõý ãñÌãÊã ªì¦ãÀ¹ãã ãã£ããÀ ¹ãÀ ¹ãƾãìã¦ã the position is continuously monitored. The ¹ãÆãä¦ãÀàããããò ã©ãÌãã ºãöã ãñ ¦ãìÊã¶ã-¹ã¨ã ããè ¹ãÆãä¦ãÀàãã ãã ½ãîʾã Ìã value and maturity of the hedges which are used only as back to back or to hedge ¹ããäÀ¹ããã ¶ãñ ãÔ¹ãüãñãÀ ãñ ½ãîÊãã£ããÀ ãã ããä£ãØã½ã¶ã ¶ãÖãè ãäã¾ãã Öõý banks Balance Sheet has not exceeded that of the underlying exposure. Ý. ¡ñãäÀÌãñãäÌÔã ãñ ãäÊã ÊãñãããÀ¥ã ¶ããèãä¦ã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ã¶ãìÔãîÞããè 17 - ½ãÖ¦Ìã¹ãî¥ãà ÊãñãããÀ¥ã d) The Accounting Policy for derivatives has been drawn up in accordance with RBI ¶ããèãä¦ã¾ããú (¶ããèãä¦ã Ôãâ 8) ½ãò ¹ãÆã ãäã ã¶ãìÔããÀ ¦ãõ¾ããÀ ããè Øãà Öõâý guidelines, as disclosed in Schedule 17 Significant Accounting Policies (Policy No.8).
96 3.3.2 ½ãã¨ã㦽ãã ¹ãÆããèãÀ¥ã (Á.ãÀãñü¡ ½ãò) 3.3.2 Quantitative Disclosures (Rs. in Crore) S. PARTICULARS CURRENCY INTEREST RATE ãûÔãâû ãäÌãÌãÀ¥ã ½ãì³ã ¡ñãäÀÌãñãäÌÔã º¾ããã ªÀ NO. DERIVATIVES DERIVATIVES ¡ñãäÀÌãñãäÌÔ (i) Derivatives (Notional i. ¡ñãäÀÌãñãäÌÔã Principal Amount) (ããʹããä¶ãã ½ãîÊã Àã½ã) a) For Hedging 2620.98 1998.85 ã. ¹ãÆãä¦ãÀàãã ãñ ãäÊã 2620.98 1998.85 b) For Trading 155.84 1008.75 ã. ̾ãã¹ããÀ ãñ ãäÊã 155.84 1008.75 ii. ºããããÀ ½ãîʾã ããñ ºãÖãè ½ãò (ii) Marked to Market Positions ãâãäã¦ã ãÀ¶ãñ ããè ãäÔ©ããä¦ã a) Asset (+) 245.79 0.47 ã. ãããäÔ¦ã¾ããú (+) 245.79 0.47 b) Liability (-) 47.19 39.69 ã. ªñ¾ã¦ããú(-) 47.19 39.69 (iii) Credit Exposure 506.99 99.16 iii. £ããÀ ãÔ¹ããñãÀ 506.99 99.16 (iv) Likely impact of one iv. º¾ããã ªÀ ½ãò Ôãâ¼ãããäÌã¦ã ã percentage change in ¹ãÆãä¦ãÍã¦ã ãñ ¹ããäÀÌã¦ãöã ãã ¹ãƼããÌã interest rate (100*PV01) (100*¹ããèÌããè01) a) on hedging derivatives 75.64 42.31 ã. ¹ãÆãä¦ãÀàãã ¡ñãäÀÌãñãäÌÔã ¹ãÀ 75.64 42.31 b) on trading derivatives 12.05 69.43 ã. ̾ãã¹ããÀ ¡ñãäÀÌãñãäÌÔã ¹ãÀ 12.05 69.43 v) Maximum and Minimum of v. ÌãÓãà ãñ ªãõÀã¶ã ¹ããñ Øã 100*¹ããèÌããè01 100*PV01 observed during the year ãã ¶¾ãî¶ã¦ã½ã ããõÀ ããä£ãã¦ã½ã a) on hedging Maximum 75.64 Maximum 29.78 ã. ¹ãÆãä¦ãÀàãã ¹ãÀ ããä£ãã¦ã½ã 75.64 ããä£ãã¦ã½ã 29.78 Minimum 23.24 Minimum 0.00 ¶¾ãî¶ã¦ã½ã 23.24 ¶¾ãî¶ã¦ã½ã 0.00 ã. ̾ãã¹ããÀ ¹ãÀ ããä£ãã¦ã½ã 12.05 ããä£ãã¦ã½ã 41.81 b) on trading Maximum 12.05 Maximum 41.81 ¶¾ãî¶ã¦ã½ã 8.04 ¶¾ãî¶ã¦ã½ã 0.00 Minimum 8.04 Minimum 0.00 4. ãããäÔ¦ã Øãì¥ãÌ㦦ãã 4. ASSET QUALITY: 4.1.1 Non-Performing Assets (NPAs) 4.1.1 ã¶ããÃã ãããäÔ¦ã¾ããú (¶ã¹ããè) (Rs. In Crore) (Á.ãÀãñü¡ ½ãò) 2009-10 2008-09 2009-10 2008-09 i) Net NPA to Net Advances(%) 2.52 1.33 i. ãä¶ãÌãÊã ¶ã¹ããè ããè ¦ãìÊã¶ãã ½ãò ii) Movement of NPAs (Gross) ãä¶ãÌãÊã ããäØãƽã (%) 2.52 1.33 a) Opening Balance 1923.41 996.95 ii. ¶ã¹ããè ããè ¹ãÆÞãÊã¶ã (ÔããÊã) b) Additions during the year 3126.83 2261.85 ã. ¹ãÆãÀâãä¼ãã ÍãñÓã 1923.41 996.95 c) Reductions during the year 1439.16 1335.39 ã. ÌãÓãà ãñ ªãõÀã¶ã ¹ããäÀÌã£ãöã 3126.83 2261.85 d) Closing Balance 3611.08 1923.41 Øã. ÌãÓãà ãñ ªãõÀã¶ã ããõãä¦ã¾ããú 1439.16 1335.39 Üã. Ôã½ãã¹ã¶ã ÍãñÓã 3611.08 1923.41 iii) Movement of Net NPAs a) Opening Balance 999.14 363.20 iii. ¶ã¹ããè ããè ¹ãÆÞãÊã¶ã b) Additions during the year 2097.21 1971.33 ã ¹ãÆãÀâãä¼ãã ÍãñÓã 999.14 363.20 ã ÌãÓãà ãñ ªãõÀã¶ã ¹ããäÀÌã£ãöã 2097.21 1971.33 c) Reductions during the year 1101.38 1335.39 Øã ÌãÓãà ãñ ªãõÀã¶ã ããõãä¦ã¾ããú 1101.38 1335.39 d) Closing Balance 1994.97 999.14 Üã Ôã½ãã¹ã¶ã ÍãñÓã 1994.97 999.14 iv) Movement of Provisions for NPAs iv. ¶ã¹ããè ããè ¹ãÆÞãÊã¶ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã (excluding provisions on standard assets) (½ãã¶ãã ãããäÔ¦ã¾ããò ¹ãÀ ¹ãÆãÌã£ãã¶ããò ããñ ãñ¡ãÀ ) a) Opening balance 752.04 569.94 ã. ¹ãÆãÀâãä¼ãã ÍãñÓã 752.04 569.94 b) Provisions made during the year 1183.66 365.50 ã. ÌãÓãà ãñ ªãõÀã¶ã ãäã Øã ¹ãÆãÌã£ãã¶ã 1183.66 365.50 c) Write-off/Write-back of Øã. ºãáñ ãã¦ãñ ½ãò ¡ãÊãñ Øã / excess provisions 571.91 183.40 ¹ãì¶ãÀãâãäã¦ã ããä¦ããäÀã¦ã ¹ãÆãÌã£ãã¶ã 571.91 183.40 d) Closing balance 1363.79 752.04 Üã. Ôã½ãã¹ã¶ã ÍãñÓã 1363.79 752.04
97 4.1.2 ¹ãÆãÌã£ãã¶ã ãÌãÀñûã ã¶ãì¹ãã¦ã: 4.1.2 Provision Coverage Ratio ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ 31.03.2010 The Provision Coverage Ratio (PCR) ¦ãã ¹ããäÀããäÊã¦ã ¹ãÆãÌã£ãã¶ã ãÌãÀñã ãã ã¶ãì¹ãã¦ã (¹ããèÔããèããÀ) computed as per the RBI guidelines stood 53.97 % ÀÖãý at 53.97% as on 31.03.2010. 4.2. ¹ãì¶ãÔãÄÀãäÞã¦ã ãã¦ããò ãñ ãäÌãÌãÀ¥ã 4.2 Particulars of Accounts Restructured (Á.ãÀãñü¡ ½ãòâ) (Rs. In Crore) Ôããè¡ãèããÀÔã½ãÃ/¨ãÉ¥ã 㶾ã CDR SME/Debt ¹ãÆ¥ããÊããè ¹ãì¶ãÔãÄÀÞã¶ãã Mechanism Restructuring Others ¹ãì¶ãÔãÄÀãäÞã¦ã ½ãã¶ãã £ããÀã¦ããÃããò ããè Ôãâ. 10 1401 6626 Standard No. of Borrowers 10 1401 6626 ããäØãƽ㠺ããã¾ãã Àã½ã 285.66 791.38 5745.00 advances Amount outstanding 285.66 791.38 5745.00 ¦¾ããØã restructured Sacrifice (ãäÞã¦ã ½ãîʾ㠽ãò ã½ããè) 11.47 9.00 50.71 (diminution in the fair value) 11.47 9.00 50.71 ¹ãì¶ãÔãÄÀãäÞã¦ã £ããÀã¦ããÃããò ããè Ôãâ. 2 96 290 Sub standard No. of Borrowers 2 96 290 ãÌã½ãã¶ãã ããäØãƽ㠺ããã¾ãã Àã½ã 49.94 14.41 32.80 advances Amount outstanding 49.94 14.41 32.80 ¦¾ããØã restructured Sacrifice (diminution (ãäÞã¦ã ½ãîʾ㠽ãò ã½ããè) 0.30 - - in the fair value) 0.30 - - ¹ãì¶ãÔãÄÀãäÞã¦ã £ããÀã¦ããÃããò ããè Ôãâ. - 16 67 Doubtful No. of Borrowers - 16 67 ÔãâãäªØ£ã ããäØãƽ㠺ããã¾ãã Àã½ã - 9.96 64.18 advances Amount outstanding - 9.96 64.18 ¦¾ããØã restructured Sacrifice (diminution (ãäÞã¦ã ½ãîʾ㠽ãò ã½ããè) - - - in the fair value) - - - ãìÊã £ããÀã¦ããÃããò ããè Ôãâ. 12 1513 6983 TOTAL No. of Borrowers 12 1513 6983 ºããã¾ãã Àã½ã 335.60 815.75 5841.98 Amount outstanding 335.60 815.75 5841.98 ¦¾ããØã Sacrifice (diminution (ãäÞã¦ã ½ãîʾ㠽ãò ã½ããè) 11.77 9.00 50.71 in the fair value) 11.77 9.00 50.71
4.3 ¹ããäÀÔãâ¹ãã䦦㠹ãì¶ããä¶ãýããÃ¥ã ãñ ãäÊã ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã/ 4.3 Details of Financial Assets sold to ¹ãì¶ã:ÔãâÀÞã¶ãã ãâ¹ã¶ããè ããñ ºãñÞããè Øãà ãäÌ㦦ããè¾ã ãããäÔ¦ã¾ããò Securitisation / Reconstruction Company, ãñ ãäÌãÌãÀ¥ã for Asset reconstruction (Á. ãÀãñü¡ ½ãò) (Rs. in crore) Particulars 2009-10 2008-09 ãäÌãÌãÀ¥ã 2009-10 2008-09 (i) No. of accounts Nil 1 (i) ãã¦ããò ããè Ôãâ¾ãã Íãã 1 (ii) Aggregate value (net of provisions) (ii) Ôã Ôããè / ããÀ Ôããè ããñ ãäÌãã¾ã ãäã of accounts sold to SC/RC Nil Nil Øã ãã¦ããò ãã Ôã½ãñãäã¦ã ½ãîʾã [ ¹ãÆãÌã£ãã¶ããò ãã ãä¶ãÌãÊã ] Íãã Íãã (iii) Aggregate consideration Nil 1.94 (iii) Ôã½ãñãäã¦ã ¹ãÆãä¦ã¹ãÊã Íãã 1.94 (iv) Additional consideration realized in respect of accounts transferred (iv) Øã¦ã ÌãÓããô ½ãò ãâ¦ããäÀ¦ã ãã¦ããò ãñ Ôãâºãâ£ã in earlier years Nil Nil ½ãò ØããÖãè ãäã Øã ããä¦ããäÀã¦ã ¹ãÆãä¦ã¹ãÊã Íãã Íãã (v) Aggregate gain/loss over net (v) ãä¶ãÌãÊã ºãÖãè-½ãîʾ㠹ãÀ ãìÊã ¾ããñØã Êãã¼ã/Öããä¶ã Íãã 1.94 book value Nil 1.94
98 4.4 㶾㠺ãöããò Ôãñ ã¾ã / ãäÌãã¾ã ããè Øãà ã¶ããÃã ãäÌ㦦ããè¾ã 4.4 Details of non-performing financial assets ãããäÔ¦ã¾ããò ãã ãäÌãÌãÀ¥ã purchased/sold from other banks 4.4.1 Details of non-performing financial assets 4.4.1 ã¾ã ããè Øãà ã¶ããÃã ãäÌ㦦ããè¾ã ãããäÔ¦ã¾ããò ãã ãäÌãÌãÀ¥ã purchased: (Á. ãÀãñü¡ ½ãò) (Rs. in crore) ãäÌãÌãÀ¥ã 2009-10 2008-09 Particulars 2009-10 2008-09 1û [ã] ÌãÓãà ãñ ªãõÀã¶ã ã¾ã ãäã Øã 1 (a) No. of accounts purchased ãã¦ããò ããè Ôãâ¾ãã Íãã Íãã during the year Nil Nil
[ã] Ôã½ãñãäã¦ã ºããã¾ãã Íãã Íãã (b) Aggregate outstanding Nil Nil
2û [ã] ÌãÓãà ãñ ªãõÀã¶ã ¶ã½ãò Ôãñ ¹ãì¶ã: 2 (a) Of these, number of accounts ÔãâÀãäÞã¦ã ãã¦ããò ããè Ôãâ¾ãã Íãã Íãã restructured during the year Nil Nil
[ã] Ôã½ãñãäã¦ã ºããã¾ãã Íãã Íãã (b) Aggregate outstanding Nil Nil 4.4.2. ãäÌãã¾ã ããè Øãà ã¶ããÃã ãäÌ㦦ããè¾ã ãããäÔ¦ã¾ããò ãã ãäÌãÌãÀ¥ã 4.4.2 Details of non-performing financial assets sold: (Á. ãÀãñü¡ ½ãò) (Rs. in crore)
ãäÌãÌãÀ¥ã 2009-10 2008-09 Particulars 2009-10 2008-09
1 û ãäÌãã¾ã ãäã Øã ãã¦ãñ Íãã Íãã 1. No. of accounts sold Nil Nil
2 û Ôã½ãñãäã¦ã ºããã¾ãã Íãã Íãã 2. Aggregate outstanding Nil Nil
3 û ¹ãÆ㹦ã Ôã½ãñãäã¦ã ¹ãÆãä¦ã¹ãÊã Íãã Íãã 3. Aggregate consideration received Nil Nil 4.5 ½ãã¶ãã ãããäÔ¦ã¾ããò ¹ãÀ ¹ãÆãÌã£ãã¶ã 4.5 Provisions on Standard Asset (Á. ãÀãñü¡ ½ãò) (Rs. in crore)
ãäÌãÌãÀ¥ã 2009-10 2008-09 Particulars 2009-10 2008-09
½ãã¶ãã ãããäÔ¦ã¾ããò ãñ ¹ãÆãä¦ã ¹ãÆãÌã£ãã¶ã 440.24 359.95 Provisions towards Standard Assets 440.24 359.95 5. ããÀãñºããÀ ã¶ãì¹ãã¦ã 5 BUSINESS RATIOS ãäÌãÌãÀ¥ã 2009-10 2008-09 Particulars 2009-10 2008-09 (i) ããõÔã¦ã ãã¾ãÃããÀãè ãä¶ããä£ã¾ããò ãñ (i) Interest Income as a percentage ¹ãÆãä¦ã ¹ãÆãä¦ãÍã¦ã ãñ ¹㠽ãò º¾ããã ãã¾ã 8.85% 9.67% to Average Working Funds 8.85% 9.67% (ii) ãã¾ãÃããÀãè ãä¶ããä£ã¾ããò ãñ ¹ãÆãä¦ã ¹ãÆãä¦ãÍã¦ã (ii) Non Interest Income as ãñ ¹㠽ãò º¾ãããñ¦ãÀ ãã¾ã 0.99% 1.60% a percentage to Working Funds 0.99% 1.60% (iii) ãã¾ãÃããÀãè ãä¶ããä£ã¾ããò ãñ ¹ãÆãä¦ã ¹ãÆãä¦ãÍã¦ã (iii) Operating Profit as a percentage ãñ ¹㠽ãò ¹ããäÀÞããÊã¶ã㦽ãã Êãã¼ã 1.59% 2.53% to Working Funds 1.59% 2.53% (iv) ããõÔã¦ã ãããäÔ¦ã¾ããò Ôãñ Êãã¼ã 0.53% 1.17% (iv) Return on Avg. Assets 0.53% 1.17% (v) ¹ãÆãä¦ã ã½ãÃÞããÀãè ããÀãñºããÀ (v) Business (Deposits plus advances) (ã½ããú + ããäØãƽã ) (Á. ãÀãñü¡ ½ãò) 7.120 6.895 per Employee (Rs. in crore) 7.120 6.895 (vi) ¹ãÆãä¦ã ã½ãÃÞããÀãè Êãã¼ã (Á. ãÀãñü¡ ½ãò) 0.0263 0.0520 (vi) Profit per employee (Rs. in crore) 0.0263 0.0520
99 6 ASSET LIABILITY MANAGEMENT: Maturity pattern of certain items of assets and liabilities as on March 31, 2010
(Rs. in crore) Day 2 to 7 8 to 14 15 to 28 29 days >3m to >6m to > 1yr to >3 yrs to > 5 yrs TOTAL 1 days days days to 3mnth 6 mnth 1 yr 3 yrs 5 yrs
Deposits 1600.03 2340.35 3461.44 1606.05 9617.84 19815.50 20943.86 44648.08 1882.16 4879.40 110794.71
Advances (Gross) 2847.29 4202.46 7445.38 1690.45 4984.56 3808.50 5674.82 29147.41 9488.39 11493.22 80782.48
Investments (Gross) 334.22 1719.42 1616.22 1221.05 2135.58 4111.75 6339.30 11438.16 1103.89 7861.67 37881.26
Borrowings 57.56 330.10 384.23 46.43 138.36 162.28 991.62 2036.33 400.00 4435.29 8982.20
Foreign Currency Assets 789.47 193.27 647.36 510.95 2652.75 1244.03 2056.90 1347.90 611.18 1067.13 11120.94
Foreign Currency Liabilities 465.37 217.98 518.79 441.89 2067.25 1861.85 2771.81 1370.30 253.55 1395.12 11363.91
6. ãããäԦ㠪ñ¾ã¦ãã ¹ãƺãâ£ã¶ã ½ããÞãà 31, 2010 ¦ãã ãñ ãäÊã ãããäÔ¦ã¾ããò Ìã ªñ¾ã¦ããããò ããè ãì ½ãªãò ããè ¹ããäÀ¹ããÌã¦ãã ãã ¹ãÆãä¦ã½ãã¶ã (Á. ãÀãñü¡ ½ãò)
1 ã䪶ã 2 Ôãñ 7 8 Ôãñ 14 15 Ôãñ 28 29 ã䪶ããò Ôãñ 3 ½ããÖ Ôãñ 6 ½ããÖ Ôãñ 1 ÌãÓãà Ôãñ 3 ÌãÓãà Ôãñ 5 ÌãÓãà Ôãñ ãìÊã ã䪶ã ã䪶ã ã䪶ã 3 ½ããÖ ããä£ãã Ìã ããä£ãã Ìã ããä£ãã Ìã ããä£ãã Ìã ããä£ãã 6 ½ããÖ ¦ãã 1 ÌãÓãà ¦ãã 3 ÌãÓãà ¦ãã 5 ÌãÓãà ¦ãã
ã½ããú 1600.03 2340.35 3461.44 1606.05 9617.84 19815.50 20943.86 44648.08 1882.16 4879.40110794.71 ããäØãƽã (ÔããÊã) 2847.29 4202.46 7445.38 1690.45 4984.56 3808.50 5674.82 29147.41 9488.39 11493.22 80782.48 ãä¶ãÌãñÍã (ÔããÊã) 334.22 1719.42 1616.22 1221.05 2135.58 4111.75 6339.30 11438.16 1103.89 7861.67 37881.26 £ããÀ57.56 330.10 384.23 46.43 138.36 162.28 991.62 2036.33 400.00 4435.29 8982.20 ãäÌãªñÍããè ½ãì³ã ãããäÔ¦ã¾ããú 789.47 193.27 647.36 510.95 2652.75 1244.03 2056.90 1347.90 611.18 1067.13 11120.94 ãäÌãªñÍããè ½ãì³ã ªñ¾ã¦ããú 465.37 217.98 518.79 441.89 2067.25 1861.85 2771.81 1370.30 253.55 1395.12 11363.91
100 7. ÔãâÌãñª¶ãÍããèÊã àãñ¨ããò ããñ £ããÀ [ºãöã ´ãÀã ¹ãƽãããä¥ã¦ãã¶ãìÔããÀ] 7 LENDING TO SENSITIVE SECTOR (As certified by the Bank) 7.1 Ô©ããÌãÀ Ôãâ¹ãªã àãñ¨ã ããñ ¨ãÉ¥ã 7.1 Exposure to Real Estate Sector (Á. ãÀãñü¡ ½ãò) ¹ãÆÌãØãà 2009-10 2008-09 (Rs in crore) ã) ¹ãƦ¾ãàã ¨ãÉ¥ã ûããñãäã½ã Category 2009-10 2008-09 i) ãäÀÖãÍããè ºãâ£ãã (a) Direct Exposure £ããÀã¦ããà ããè Ôã ãäÀÖãÍããè i) Residential Mortgages - Ôãâ¹ãã䦦㠹ãÀ ºãâ£ãã ´ãÀã ¹ãî¥ãæã: Lending fully secured by ¹ãÆãä¦ã¼ãî¦ã £ããÀ ãäãÔã½ãò £ããÀã¦ããà mortgages on residential ãìª ÀÖ¦ãã Öõ ¾ãã ÀÖ¶ãñ ÌããÊãã Öõ property that is or will be ¾ãã ãäãÔãñ ãäãÀã ¹ãÀ ã䪾ãã ããØãã 3162.22 3900.36 occupied by the borrower or that is rented; 3162.22 3900.36 ãäã¶ã½ãò Ôãñ ¹ãÆã©ããä½ãã¦ãã àãñ¨ã ãñ Out of which, Individual housing ¦ãÖ¦ã ÌãØããêãÀ¥ã ãñ ãäÊã ¹ãã¨ã loans eligible to be classified Ìãõ¾ããäã¦ãã ããÌããÔã ¨ãÉ¥ã 2240.13 3027.34 under Priority Sector 2240.13 3027.34
ii) Ìãããä¥ããä¾ãã Ô©ããÌãÀ-Ôãâ¹ãªã Ìãããä¥ããä¾ãã ii) Commercial Real Estate - Ô©ããÌãÀ Ôãâ¹ãªãããò ¹ãÀ ºãâ£ãã ´ãÀã ¹ãÆãä¦ã¼ãî¦ã Lending secured by mortgages £ããÀ (ãã¾ããÃÊã¾ã ¼ãÌã¶ã, ãñãè-½ããñãè ãØãÖ, on commercial real estates ºãÖì-ÿñÍããè¾ã Ìãããä¥ããä¾ãã ¹ããäÀÔãÀ, (office buildings, retail space, ºãÖìãäÌã£ã-¹ããäÀÌããÀ ãäÀÖãÍããè ¼ãÌã¶ã, ºãÖìãäÌã£ã multi purpose commercial ãäãÀã ¹ãÀ ã䪾ãã Öìãã Ìãããä¥ããä¾ãã ¹ããäÀÔãÀ, premises, multi-family residential ããõ²ããñãäØãã ¾ãã Ìãñ¾ãÀÖãÔã ãØãÖ, ÖãñÊã, buildings, multi-tenanted commercial ¼ãîãä½ã ããä£ãØãÆÖ¥ã, ãäÌãããÔã Ìã ãä¶ã½ããÃ¥ã ãããäª) premises, industrial or warehouse space, hotels, land acquisition, £ããÀ ûããñãäã½ã ½ãò ØãõÀ-ãä¶ããä£ã ãã£ãããäÀ¦ã development and construction etc.) (¶ã¹ãºããè) Ôããè½ããú Ôããä½½ãäÊã¦ã Öö ý 7100.57 5819.07 Exposure includes non-fund iii) ºãâ£ãã ´ãÀã Ôã½ããä©ãæ㠹ãÆãä¦ã¼ãîãä¦ã¾ããò ½ãò based (NFB) limits; 7100.57 5819.07 ãä¶ãÌãñÍã ããõÀ 㶾㠹ãƦ¾ãã¼ãî¦ã £ããÀ ûããñãäã½ã - iii) Investments in Mortgage Backed ã. ãäÀÖãÍããè 0.32 0.63 Securities and other securitised exposures - ã. Ìãããä¥ããä¾ãã Ô©ããÌãÀ Ôãâ¹ãªã a. Residential 0.32 0.63 Øã. 㶾ã 15.00 -- b. Commercial Real estate c. Others 15.00 -- ãã) ã¹ãƦ¾ãàã ¨ãÉ¥ã ûããñãäã½ã: ÀãÓÈãè¾ã ããÌããÔã ºãöã (¶ãÞãºããè) ããõÀ ããÌããÔã ãäÌ㦦ã (b) Indirect Exposure: Fund based and ãâ¹ããä¶ã¾ããò (Þã¹ãÔããè) ¹ãÀ ãä¶ããä£ã ãã£ãããäÀ¦ã non-fund based exposures on ããõÀ ØãõÀ-ãä¶ããä£ã ãã£ãããäÀ¦ã £ããÀ ûããñãäã½ã 949.10 751.71 National Housing Bank (NHB) and Housing Finance Companies (HFCs) 949.10 751.71
Ô©ããÌãÀ Ôãâ¹ãªã ¹ãÆÌãØãà ããñ ãìÊã ¨ãÉ¥ã ûããñãäã½ã 11227.21 12219.17 Total Exposure to Real Estate Sector 11227.21 12219.17 7.2 ¹ãîúããè ºããûããÀ ããñ ¨ãÉ¥ã ûããñãäã½ã 7.2 Exposure to Capital Market: (Á. ãÀãñü¡ ½ãò ) (Rs in crore) ãäÌãÌãÀ¥ã 2009-10 2008-09 Category 2009-10 2008-09 i) ¶ã ÃãäãÌããè Íãñ¾ãÀãò, ¹ããäÀÌã¦ãöãÍããèÊã ºããú¡ãò, (i) direct investment made in equity shares, convertible bonds, convertible ¹ããäÀÌã¦ãöãÍããèÊã ã䡺ãòÞãÀãò ããõÀ ÃãäãÌããè ¶½ãìã debentures and units of equity ½¾ãîÞãìãÊã ¹ãâ¡ãò ããè ãã¾ããò ½ãò ãäã¾ãã Øã¾ãã oriented mutual funds the corpus of which is not exclusively invested in ¹ãƦ¾ãàã ãä¶ãÌãñÍã, ãäã¶ãããè ãä¶ããä£ã ãã ãä¶ãÌãñÍã ãäÌããäÍãÓ¦ã: corporate debt; 348.80 396.82 ãã¹ããóÀñ ¨ãɥ㠽ãò ¶ãÖãé ãäã¾ãã Øã¾ãã Öõ; 348.00 396.82
101 (Á. ãÀãñü¡ ½ãò ) (Rs in crore) ãäÌãÌãÀ¥ã 2009-10 2008-09 Category 2009-10 2008-09 ii) Íãñ¾ãÀãò (ãã¹ããèããñ / ÃÔãããñ¹ããè ÔããäÖ¦ã), (ii) advances against shares/bonds/ ¹ããäÀÌã¦ãöãÍããèÊã ºããú¡ãò ããõÀ ¹ããäÀÌã¦ãöãÍããèÊã debentures or other securities or ã䡺ãòÞãÀãò ããõÀ ÃãäãÌããè ¶½ãìã ½¾ãîÞãìãÊã on clean basis to individuals for investment in shares ¹ãâ¡ãò ããè ¾ãîãä¶ããò ½ãò ãä¶ãÌãñÍã ãñ ãäÊã (including IPOs/ESOPs), ̾ããäã¦ã¾ããò ããñ Íãñ¾ãÀãò / ºããú¡ãò / ã䡺ãòÞãÀãò ¾ãã 㶾ã convertible bonds, convertible ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ¹ãÆãä¦ã ¾ãã ãä¶ãºãÄ£ã ãã£ããÀ ¹ãÀ ããäØãƽã; 10.81 18.94 debentures and units of equity-oriented mutual funds. 10.81 18.94 iii) ãäãÔããè 㶾㠹ãƾããñã¶ã Öñ¦ãì ãäª Øã Ìãñ ããäØãƽã, ãÖãù Íãñ¾ãÀãò ¾ãã ¹ããäÀÌã¦ãöãÍããèÊã ºããú¡ãò ¾ãã (iii) advances for any other purposes where shares or convertible bonds or ¹ããäÀÌã¦ãöãÍããèÊã ã䡺ãòÞãÀãò ¾ãã ÃãäãÌããè ¶½ãìã convertible debentures or units of ½¾ãîÞãìãÊã ¹ãâ¡ãñ ããè ¾ãîãä¶ããò ããñ equity oriented mutual funds are ¹ãÆ£ãã¶ã ¹ãÆãä¦ã¼ãîãä¦ã ãñ ¹㠽ãò ãäÊã¾ãã ãã¦ãã Öõ; 896.26 812.72 taken as primary security; 896.26 812.72 iv) ãÖãú Íãñ¾ãÀãò / ¹ããäÀÌã¦ãöãÍããèÊã ºããú¡ãò / (iv) advances for any other purposes to the ¹ããäÀÌã¦ãöãÍããèÊã ã䡺ãòÞãÀãò / ÃãäãÌããè ¶½ãìã ½¾ãîÞãìãÊã extent secured by the collateral security of shares or convertible ¹ãâ¡ ããè ¾ãîãä¶ããò Ôãñ ¦ãÀ ¹ãÆ£ãã¶ã ¹ãÆãä¦ã¼ãîãä¦ã bonds or convertible debentures or units ããäØãƽããò ããñ ¹ãîÀãè ¦ãÀÖ Ôãñ ãÌãÀ ¶ãÖãè ãÀ¦ããè, of equity oriented mutual funds ie. ÌãÖãú Íãñ¾ãÀãò ¾ãã ¹ããäÀÌã¦ãöãÍããèÊã ºããú¡ãò ¾ãã ¹ããäÀÌã¦ãöãÍããèÊã where the primary security other than ã䡺ãòÞãÀãò ¾ãã ÃãäãÌããè ¶½ãìã ½¾ãîÞãìãÊã ¹ãâ¡ ããè shares/convertible bonds/ convertible ¾ãîãä¶ããò ããñ Ôãâ¹ãããäÍÌãÃã ¹ãÆãä¦ã¼ãîãä¦ã ´ãÀã ¹ãƦ¾ãã¼ãî¦ã debentures/ units of equity oriented mutual funds does not fully cover ãÀ ãäã¶Öãè 㶾ã ÿñ;ããò ãäã ãäÊã ¹ãƪ¦¦ã ããäØãƽã; Íãã Íã춾ã the advances; Nil Nil v) Ôãùã ºãÆãñãÀ ããñ ãäª Øã ¹ãÆãä¦ã¼ãî¦ã Ìã ã¹ãÆãä¦ã¼ãî¦ã (v) secured and unsecured advances ããäØãƽã ããõÀ Ôãùã ºãÆãñãÀ ããõÀ ½ãããó ½ãñãÔãà to stockbrokers and guarantees ããè ããñÀ Ôãñ ããÀãè ããè Øãà ØããÀâãä¾ããú; 141.89 175.43 issued on behalf of stockbrokers and market makers; 141.89 175.43 vi) ÔãâÔãã£ã¶ããò ããñ ãìã¶ãñ ããè ã¹ãñàãã Ôãñ ¶ãà ãâ¹ããä¶ã¾ããò ããè ÃãäãÌããè ½ãò ¹ãÆÌã¦ãÃã ãñ ãâÍãªã¶ã ããñ ¹ãîÀã ãÀ¶ãñ (vi) loans sanctioned to corporates against the security of shares/bonds/debentures ãñ ãäÊã Íãñ¾ãÀãò / ºããú¡ãò / ã䡺ãòÞãÀãò ¾ãã 㶾㠹ãÆãä¦ã¼ãîãä¦ã¾ããò or other securities or on clean basis for ããè ¹ãÆãä¦ã¼ãîãä¦ã ãñ ¹ãÆãä¦ã ¾ãã ãä¶ãºãö£ã ãã£ããÀ ¹ãÀ meeting promoters contribution to the ãã¹ããóÀñáÔã ããñ ½ãâãîÀ ¨ãÉ¥ã; Íãã 250.00 equity of new companies in anticipation of raising resources; Nil 250.00 vii) ¹ãƦ¾ãããäÍã¦ã ÃãäãÌããè ¹ãÆÌããÖ / ãä¶ãØãýããò ¹ãÀ ãâ¹ããä¶ã¾ããò ããñ ¹ãîÀã ¨ãÉ¥ã; Íãã Íãã (vii) bridge loans to companies against expected equity flows / issues; Nil Nil viii) Íãñ¾ãÀãò ¾ãã ¹ããäÀÌã¦ãöãÍããèÊã ºããú¡ãò ¾ãã ¹ããäÀÌã¦ãöãÍããèÊã (viii) underwriting commitments taken up by ã䡺ãòÞãÀãò ¾ãã ÃãäãÌããè ¶½ãìã ½¾ãìÞ¾ãìãÊã ¹ãâ¡ ããè the banks in respect of primary issue of ¾ãîãä¶ããò ãñ Ôãâºãâ£ã ½ãò ºãöããò ´ãÀã ããè Øã¾ããè shares or convertible bonds or convertible ã£ããñãäÊããäã¦ã ¹ãÆãä¦ãºã®¦ããú; Íãã Íãã debentures or units of equity oriented mutual funds; Nil Nil ix) ½ãããäãöã Èñãä¡âØã ãñ ãäÊã Ôãùã ºãÆãñãÀãò ããñ ãäÌ㦦㠹ãƪã¶ã ãÀ¶ãã; 0.42 Íãã (ix) financing to stockbrokers for margin trading; 0.42 Nil x) ²ã½ã ¹ãîâããèØã¦ã ãä¶ããä£ã¾ããò (¹ãâããèãð¦ã Ìã ã¹ãâããèãð¦ã ªãñ¶ããò Öãè) (x) all exposures to Venture Capital Funds ãñ ¹ãÆãä¦ã Ôã¼ããè ¨ãÉ¥ã ûããñãäã½ã; 314.71 116.96 (both registered and unregistered) 314.71 116.96
¹ãîâããè ºããããÀ ããñ ãìÊã £ããÀ ûããñãäã½ã 1712.89 1770.87 Total Exposure to Capital market 1712.89 1770.87
102 7.3 ããñãäã½ã ¹ãÆÌãØãÃ-ÌããÀ ªñÍãØã¦ã ¨ãÉ¥ã ûããñãäã½ã 7.3 Risk Category-wise Country Exposure: (Á. ãÀãñü¡ ½ãò) (Rs in crore) ããñãäã½ã ÌãØãà 31.3.2010 31.3.2010 31.3.2009 31.3.2009 Risk Category Exposure Provision Exposure Provision ¦ãã ¦ãã ¦ãã ¦ãã ãä¶ãÌãÊã ããäØãƽ㠣ãããäÀ¦ã ¹ãÆãÌã£ãã¶ã ãä¶ãÌãÊã ããäØãƽ㠣ãããäÀ¦ã ¹ãÆãÌã£ãã¶ã (net) as at held as at (net) as at held as at (ãä¶ãÌãÊã) 31.3.2010 31.3.2010 31.3.2009 31.3.2009 Insignificant 6196.37 3.43 7219.74 2.93 ã½ãÖ¦Ìã¹ãî¥ãà 6196.37 3.43 7219.74 2.93 Low 1988.30 Nil 2012.35 Nil ã½ã 1988.30 Íãã 2012.35 Íãã Ôãã½ã㶾ã 1545.76 Íãã 1305.87 Íãã Moderate 1545.76 Nil 1305.87 Nil ÞÞã 5.92 Íãã 17.39 Íãã High 5.92 Nil 17.39 Nil ÞÞã¦ãÀ 0.80 Íãã 5.78 Íãã Very High 0.80 Nil 5.78 Nil ¹ãÆãä¦ãºãâãä£ã¦ã 0.00 Íãã 1.27 Íãã Restricted 0.00 Nil 1.27 Nil £ããÀ-¦ãÀ 0.00 Íãã 0.00 Íãã Off-credit 0.00 Nil 0.00 Nil ãìÊã 9737.15 3.43 10562.40 2.93 Total 9737.15 3.43 10562.40 2.93 7.4 ºãöã ´ãÀã ããä£ãØããä½ã¦ã ãÊã £ããÀã¦ããà Ôããè½ãã (ÔãããèÊã), 7.4 Details of Single Borrower Limit (SGL), Group Borrower Limit (GBL) exceeded by Ôã½ãîÖ £ããÀã¦ããà Ôããè½ãã (ããèºããèÊã) ãñ ãäÌãÌãÀ¥ã the bank: ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ãñ ãäªÍãããä¶ãªôÍããò ããõÀ 2010 ãñ ãäÊã Ö½ããÀñ As per RBI guidelines and terms of Loan Policy Document of our Bank for 2010, the ºãöã ãñ ¨ãɥ㠶ããèãä¦ã ªÔ¦ããÌãñã ããè Íã¦ããô ãñ ã¶ãìÔããÀ ãÊã £ããÀã¦ããà permissible level of Single Borrower exposure ¨ãÉ¥ã ûããñãäã½ã Ôããè½ãã ãã ã¶ãì½ãñ¾ã Ô¦ãÀ Á.1557.04 ãÀãñü¡ ceiling is Rs. 1557.04 crores (15% of Capital (¹ãîâããèØã¦ã ãä¶ããä£ã¾ããò ãã 15%)Öõ ããõÀ Ôã½ãîÖ £ããÀã¦ããà Ôããè½ãã ãñ funds) and Rs. 4152.11 crores for Group ãäÊã Á.4152.11 ãÀãñü¡ (¹ãîâããèØã¦ã ãä¶ããä£ã¾ããò ãã 40%) Öõý Borrower limit (40% of Capital funds) (Rs. In crore) (Á. ãÀãñü¡ ½ãò) Sl. Name of Exposure Limit Period Amount Board Position ã. £ããÀã¦ããà ¨ãɥ㠽ãâãîÀ ÌãÖ ãÌããä£ã Ôã ãÌããä£ã ºããñ¡Ã ããè 31.03.2010 No. the Ceiling Sanctioned during Outstanding sanction as on Ôãâ. ãã ¶ãã½ã ããñãäã½ã ããè ãäãÔã ªãõÀã¶ã ããè ºããã¾ãã ½ãâãîÀãè ãñ ¦ãã ãñ ãäÊã Borrower which during the details 31.03.2010 Ôããè½ãã Øãà Ôããè½ãã ãã Àã½ã ãäãÔã ãäÌãÌãÀ¥ã ºããã¾ãñ ããè limit period limit outstanding Ôããè½ãã ããä£ãØã½ã¶ã ªãõÀã¶ã Ôããè½ãã ãäÔ©ããä¦ã exceeded exceeded Öìãã ãã ããä£ãØã½ã¶ã Öìãã 1. Indian 1557.04 FB 1650.00 Not Not Permitted FB: Credit Balance Farmers & NFB 350.00 exceeded applicaple to consider NFB: 123.52 1. ¼ããÀ¦ããè¾ã 1 557.04 ¹ãºããè ããä£ãØã½ã¶ã ¶ãÖãé ÊããØãî ¶ãÖãé Á.2076.05 ¹ãºããè : Fertilisers Credit ãðÓãã Ìã 1650.00 ãÀãñü¡ ¦ãã ãñ ã½ãã ÍãñÓã Company facilities ÌãÃÀã ¶ã¹ãºããè ãäÊã £ããÀ ¶ã¹ãºããè : Ltd. upto Rs. ãâ¹ã¶ããè 350.00 ÔãìãäÌã£ããããò 123.52 ãäÊããä½ãñ¡ ¹ãÀ ãäÌãÞããÀ (IFFCO) 2076.05 (û¹ãããñ) ãÀ¶ãññ ãñ Crores ãäÊã ã¶ãì½ããä¦ã 2. Emmar 89.80 224.50 Amount NA 22.09.09 NIL 2. ½½ããÀ 89.80 224.50 Àã½ã ã¼ããè ÊããØãî ¶ãÖãé 22-09-09 Íãã Properties (USD 20 (USD 50 yet to be ¹ãÆãù¹ããêÔã (¾ãîÔã¡ãè (¾ãîÔã¡ãè ÔãâãäÌã¦ããäÀ¦ã PJSC, mio) mio) disbursed ¹ããèãñÔãÔããè, 20 ãä½ã¾ããñ) 50 ãä½ã¾ããñ) ããè ãã¶ããè Öõ Singapore ãäÔãâØãã¹ãìÀ 3 . ÑããèÊãâãã 89.80 157.15 2009-10 157.15 22-09-09 157.15 3. Government 89.80 157.15 2009-10 157.15 22.09.09 157.15 ÔãÀããÀ - (¾ãîÔã¡ãè (¾ãîÔã¡ãè (¾ãîÔã¡ãè (¾ãîÔã¡ãè of Sri Lanka (USD 20 (USD 35 (USD 35 (USD 35 ÑããèÊãâã¶ã 20 ãä½ã¾ããñ) 35 ãä½ã¾ããñ) 35 ãä½ã¾ããñ) 35 ãä½ã¾ããñ) investment mio) mio) mio) mio) ¡ñÌãñÊã¹ã½ãò in Sri Lankan ºããù¶¡áÔã, Development ããñÊ㽺ããñ ½ãò Bonds, Colombo ãä¶ãÌãñÍã 4. Olam 89.80 179.60 2009-10 179.60 29.10.09 180.81 4 . ããñÊã½ã 89.80 179.60 2009-10 179.60 29-10-09 180.81 International (USD 20 (USD 40 (USD 40 (USD 40.27 ¶À¶ãñÍã¶ãÊã(¾ãîÔã¡ãè (¾ãîÔã¡ãè (¾ãîÔã¡ãè (¾ãîÔã¡ãè ¹ãÆãÌãñ 20 ãä½ã¾ããñ) 40 ãä½ã¾ããñ) 40 ãä½ã¾ããñ) 40.27 ãä½ã¾ããñ) Pte Ltd., mio) mio) mio) mio) ãäÊããä½ãñ¡, Singapore ãäÔãâØãã¹ãìÀ
103 8. ãäÌããäÌã£ã 8. MISCELLANEOUS 8.1 ÌãÓãà ãñ ªãõÀã¶ã ãã¾ã ãÀ ãñ ãäÊã ãäã Øã ¹ãÆãÌã£ãã¶ããò ããè 8.1 Amount of provisions made for Income Tax during the year: Àã½ã (Á. ãÀãñü¡ ½ãò) (Rs. in crore) 2009-10 2008-09 2009-10 2008-09 ãã¾ã ãÀ ãñ ãäÊã ¹ãÆãÌã£ãã¶ã (ãä¶ãÌãÊã) 45.94 698.20 Provision for Income Tax (net) 45.94 698.20 ãä¶ã½¶ã¦ã½ã Ìãõããäʹãã ãÀ (½ãõ) Provision for Minimum ãñ ãäÊã ¹ãÆãÌã£ãã¶ã 250.74 --- Alternate Tax (MAT) 250.74 ½ãõ £ããÀ ¹ãã¨ã¦ãã (250.74) --- MAT Credit Entitlement (250.74) ã¶ãìÓãâØããè Êãã¼ã ãÀ ãñ ãäÊã ¹ãÆãÌã£ãã¶ã --- 12.94 Provision for Fringe Benefit Tax - 12.94 8.2 ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ´ãÀã ÊãØãã Øã ãì½ããöãñ ãã 8.2 Disclosure of Penalties imposed by RBI: NIL ¹ãÆããèãÀ¥ã : Íãã 8.3 Provisions and Contingencies Break-up 8.3 ¹ãÆãÌã£ãã¶ã Ìãâ ããããäÔ½ãã¦ããú - ºãÆñã ã¹ã (Rs. in crore) (Á. ãÀãñü¡ ½ãò) Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ½ãò ̾ã¾ã 2009-10 2008-09 Break up of Provisions and 2009-10 2008-09 Contingencies shown under ÍããèÓãà ãñ ¦ã֦㠪Íããà Øã the head Expenditure in ¹ãÆãÌã£ãã¶ã Ìã ããããäÔ½ãã¦ããããò Profit and Loss Account ãã ºãñÆãã¹ã Provisions for depreciation ãä¶ãÌãñÍã ¹ãÀ ½ãîʾãÖÆãÔã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã -120.02 1.07 on Investment -120.02 1.07 ã¶ããÃã ãããäÔ¦ã¾ããò ãñ ¹ãÆãä¦ã ¹ãÆãÌã£ãã¶ã 919.46 365.50 Provision towards NPA 919.46 365.50 ½ãã¶ãã ãããäÔ¦ã¾ããò ãñ ¹ãÆãä¦ã ¹ãÆãÌã£ãã¶ã 6.01 47.40 Provision towards Standard Assets 6.01 47.40 ãã¾ããÀ (¹ãºããèãè, ããÔ©ããäØã¦ã ãÀ Ìã Ôãâ¹ãã䦦ã ãÀ ÔããäÖ¦ã) Provision made towards Income Tax ãñ ¹ãÆãä¦ã ãäã¾ãã Øã¾ãã ¹ãÆãÌã£ãã¶ã 271.99 628.51 (incl FBT, Deferred Tax & Wealth Tax) 271.99 628.51 㶾㠹ãÆãÌã£ãã¶ã Ìã ããããäÔã¦ããú 60.22 155.45 Other Provision and Contingencies 60.22 155.45 ãìÊã 1137.66 1197.93 TOTAL 1137.66 1197.93 8.4 ãÔ©ãã¾ããè ¹ãÆãÌã£ãã¶ã 8.4 Floating Provisions (Á. ãÀãñü¡ ½ãò) (Rs. in crore) ãäÌãÌãÀ¥ã 2009-10 2008-09 Particulars 2009-10 2008-09 ã) ãÔ©ãã¾ããè ¹ãÆãÌã£ãã¶ããò ãñ ãã¦ãñ (a) Opening balance in the ½ãò ããÀâãä¼ãã ÍãñÓã 171.36 259.92 floating provisions account 171.36 259.92 ã) Êãñããâã¶ã ÌãÓãà ½ãò ãäã Øã ãÔ©ãã¾ããè (b) The quantum of floating ¹ãÆãÌã£ãã¶ããò ããè ¹ãƽãã¨ãã Íãã Íãã provisions made in the accounting year Nil Nil Øã) Êãñããâã¶ã ÌãÓãà ãñ ªãõÀã¶ã ããè Øãà ãä¶ããããäÔã¾ããò ããè Àã½ã Íãã 88.56 (c) Amount of draw down made during the accounting year Nil 88.56 Üã) ãÔ©ãã¾ããè ¹ãÆãÌã£ãã¶ããò ãñ ãã¦ãñ (d) Closing balance in the floating ½ãò ãâãä¦ã½ã ÍãñÓã 171.36 171.36 provisions account 171.36 171.36
104 8.5 ãäÍããã¾ã¦ããò ãã ¹ãÆããèãÀ¥ã 8.5 Disclosure of complaints 8.5.1 Customer Complaints 8.5.1 ØãÆãÖããò ããè ãäÍããã¾ã¦ãò (a) No. of complaints pending at the (ã) ÌãÓãà ãñ ¹ãÆãÀâ¼ã ½ãò Êãâãäºã¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã 47 beginning of the year 47 (ã) ÌãÓãà ãñ ªãõÀã¶ã ¹ãÆ㹦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã 1291 (b) No. of complaints received during the year 1291 (Øã) ÌãÓãà ãñ ªãõÀã¶ã ãä¶ãÌãããäÀ¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã 1280 (c) No. of complaints redressed during the year 1280 (Üã) ÌãÓãà ãñ ãâ¦ã ½ãò Êãâãäºã¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã 58 (d) No. of complaints pending at the 8.5.2 ºãöãäãâØã Êããñã¹ããÊã ´ãÀã ¹ãããäÀ¦ã ããä£ããä¶ã¥ãþã end of the year 58 8.5.2 Awards passed by the Banking (ã) ÌãÓãà ãñ ¹ãÆãÀâ¼ã ½ãò ã-ãã¾ããÃãä¶Ìã¦ã ããä£ããä¶ã¥ãþããò Ombudsman ããè Ôãâ¾ãã 2 (a) No. of unimplemented Awards at the (ã) ÌãÓãà ãñ ªãõÀã¶ã ºãöãäãâØã Êããñã¹ããÊã ´ãÀã ¹ãããäÀ¦ã beginning of the year 2 ããä£ããä¶ã¥ãþããò ããè Ôãâ¾ãã 1 (b) No. of Awards passed by the Banking (Øã) ÌãÓãà ãñ ªãõÀã¶ã ãã¾ããÃãä¶Ìã¦ã ããä£ããä¶ã¥ãþããò ããè Ôãâ¾ãã 1 Ombudsmen during the year 1 (Üã) ÞÞã ¶¾ãã¾ããÊã¾ã ½ãò ããä£ããä¶ã¥ãþããò ãñ ãäÌãÁ® (c) No. of Awards implemented during the year 1 ã¶ãì½ã¦ã ã¹ããèÊããò ããè Ôãâ¾ãã 1 (d) Appeal against the awards allowed in the High Court 1 (Þã) ÌãÓãà ãñ ãâ¦ã ½ãò ã-ãã¾ããÃãä¶Ìã¦ã ããä£ããä¶ã¥ãþããò ããè Ôãâ¾ãã 1 (e) No. of unimplemented Awards at the end of the year 1 8.6 Þãìããõ¦ããè ããÍÌããÔã¶ã-¹ã¨ã (ÊãããñÔããè) 8.6 Letters of Comfort (LoC) ÌãÓãà ãñ ªãõÀã¶ã ããÀãè ãäã Øã Þãìããõ¦ããè ããÍÌããÔã¶ã-¹ã¨ã 1 Letters of Comfort issued during the year One ½ãîʾããâãäã¦ã ãäÌ㦦ããè¾ã ¹ãƼããÌã Íãã Assessed Financial Impact Nil ÔãâÞã¾ããè ½ãîʾããâãäã¦ã ãäÌ㦦ããè¾ã ºã㣾ã¦ããâ Íãã Cumulative Assessed Financial Obligations Nil ÌãÓãà 2009-10 ãñ ªãõÀã¶ã ºãöã ¶ãñ ã Þãìããõ¦ããè ããÍÌããÔã¶ã ¹ã¨ã During the year 2009-10, the Bank has issued (ÊãããñÔããè) Ôã ÌãÞã¶ã ãñ Ôãã©ã ããÀãè ãäã¾ãã Öõ ãäã ÌãÖ ã¹ã¶ããè a Letter of Comfort (LoC) undertaking to ºãöããã Íãããã ãñ Ô㽺㶣㠽ãò 12% ãñ ¶¾ãî¶ã¦ã½ã ÔããèããÀããÀ maintain a minimum CRAR of 12% in respect ããñ ºã¶ãã ÀãñØããý of Bangkok branch. There is no other LoC issued by the Bank ãäÊÊããäã¦ã ãñ ãÊããÌãã ããõÀ ããñà ÊãããñÔããè ¶ãÖãé Öõ ãäãÔãñ ºãöã other than the one mentioned above ¶ãñ ããÀãè ãäã¾ãã Öõ ããõÀ ½ãîʾããâã¶ã ãñ ã¶ãìÔããÀ 31-03-2010 ¦ãã and as assessed there is no financial impact ãñ ãäÊã Ôã ÊãããñÔããè ãñ ããÀ¥ã ããñà ãäÌ㦦ããè¾ã ¹ãƼããÌã ¶ãÖãé Öõý on account of this LoC as on 31.03.2010 8.7 ã¹ãƦ¾ãã¼ãî¦ã ããäØãƽã (ºãöã ´ãÀã ¹ãƽãããä¥ã¦ã ã¶ãìÔããÀ) 8.7 Unsecured Advances (As certified by the Bank) (Á.ãÀãñü¡ ½ãò) (Rs. In crore) ãìÊã Àã½ã ãäãÔããñ ãäÊã ããä£ãããÀãò ¹ãÀ ¹ãƼããÀ, Total amount for which intangible ÊããÔãòÔã ¹ãÆããä£ããÀ¥ã ãããäª ãõÔããè ã½ãî¦ãà securities such as charge over ¹ãÆãä¦ã¼ãîãä¦ã¾ããú Êããè Øã¾ããè Öö 1292.01 the rights, licences authority, etc., has been taken 1292.01 Ôã ¹ãÆããÀ ããè ã½ãî¦ãà Ôãâ¹ãããäÍÌãÃã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò Estimated value of such ãã ã¶ãì½ãããä¶ã¦ã ½ãîʾã 7218.87 intangible collateral 7218.87
105 8.8 ºãöã;ãîÀ¶Ôã ããÀãñºããÀ (Á.ãÀãñü¡ ½ãò) 8.8 Bancassurance Business (Rs. In crore) ¹ãÆ㹦ã ÍãìÊã/¹ãããäÀÑããä½ãã 14.38 Fees / Remuneration Received 14.38 9. DISCLOSURES IN TERMS OF 9 Êãñããâã¶ã ½ãã¶ãããò ãñ ãä¶ãºãâ£ã¶ããò ãñ ã¶ãìÔããÀ ACCOUNTING STANDARDS ¹ãÆããèãÀ¥ã: 9.1 Accounting Standard 15 Employee 9.1 Êãñããâã¶ã ½ãã¶ãã 15 - ã½ãÃÞããÀãè Êãã¼ã Benefits i) The Bank had adopted Accounting i) ºãöã ¶ãñ 01 ã¹ãÆõÊã 2007 Ôãñ ¼ããÀ¦ããè¾ã Ôã¶ãªãè ÊãñããããÀ Standard 15 (Revised) Employees ÔãâÔ©ãã¶ã ´ãÀã ããÀãè ã½ãÃÞããÀãè Êãã¼ã Ôãâºãâ£ããè Êãñããâã¶ã Benefits issued by the Institute of ½ãã¶ãã 15 (¹ããäÀÍããñãä£ã¦ã ) ããñ ã¹ã¶ãã¾ãã ©ããý Chartered Accountants of India, with effect from 1st April 2007. ii) Ôã ÌãÓãà ãñ ÍãìÁãã¦ã ½ãò ã½ãÃÞããÀãè ¹ãòÍã¶ã ãñ ãäÊã ã¶ããä¼ãã ii) The balance of unrecognised Transitional Ôãâã½ã¥ãããÊããè¶ã ªñ¾ã¦ãã ãã ÍãñÓã Á.267 ãÀãñü¡ (ãä¹ãÊãñ Liability on account of Employee Pension amounted to Rs.267 Crores (previous year ÌãÓãà ãñ ãäÊã Á.356 ãÀãñü¡) Öõý 31-03-2010 ããñ Rs.356 Crores) at the beginning of this Ôã½ã㹦ã ÞããÊãî ÌãÓãà ãñ ãäÊã Á.89 ãÀãñü¡ ããè ÀããäÍã year. A sum of Rs. 89 Crores (previous (ãä¹ãÊãñ ÌãÓãà Á.89 ãÀãñü¡) Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ããñ year Rs. 89 Crores) has been charged ¹ãƼãããäÀ¦ã ããè Øã¾ããè Öõý Á.178 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãà to Profit & Loss Account of the current year ended 31.03.2010. The balance Á.267 ãÀãñü¡) ããè ÍãñÓã ã¶ããä¼ãã ªñ¾ã¦ãã ããñ ããØãñ Êãñ Unrecognized Liability of Rs.178 crores ãã¾ãã ãã ÀÖã Öõ ¦ãããäã Ôãñ ãØãÊãñ ªãñ ÌãÓããô ½ãò ¹ãƼãããäÀ¦ã (previous year Rs.267 crores) is being ãäã¾ãã ãã Ôããñý carried forward to be charged off in the next two years iii.Êãñããâã¶ã ½ãã¶ãã -15(¹ããäÀÍããñãä£ã¦ã) ãñ ã¶ãìÔããÀ iii) The summarized position of Post- ã¹ãñãäàã¦ã Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ããõÀ ¦ãìÊã¶ã ¹ã¨ã ½ãò ¹ãÖÞãã¶ãñ employment benefits and long term Øã ãä¶ã¾ããñã¶ã-¦¦ãÀ Êãã¼ããò Ìã ªãèÜãÃããÊããè¶ã ã½ãÃÞããÀãè Êãã¼ããò employee benefits recognized in the Profit & Loss Account and Balance Sheet as ããè ÔããÀãâÍãØã¦ã ãäÔ©ããä¦ã ãä¶ã½¶ãÌã¦ã Öõ: required in accordance with Accounting Standard15 (Revised) are as under: (ã) ¹ããäÀ¼ãããäÓã¦ã Êãã¼ã ¾ããñã¶ããú (a) Defined Benefit Schemes: ºã㣾ã¦ããããò ãñ Ìã¦ãýãã¶ã ½ãîʾããò ½ãò ¹ããäÀÌã¦ãöã Changes in the present value of the obligations (Á. ãÀãñü¡ ½ãò ) (Rs. in crore) ¹ãòÍã¶ã ØãõÞ¾ãìãè ãÌãããÍã PENSION GRATUITY LEAVE (ãä¶ããä£ãã) (ãä¶ããä£ãã) ¶ããªãèãÀ¥ã ENCASHMENT (ØãõÀ ãä¶ããä£ãã) (Funded) (Funded) (Un Funded) 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 ÌãÓãà ãñ ããÀâ¼ã ½ãò Present Value of obligation as at ºã㣾ã¦ããããò ãã the beginning of Ìã¦ãýãã¶ã ½ãîʾã 1709.90 1572.27 507.34 466.18 254.00 247.83 the year 1709.90 1572.27 507.34 466.18 254.00 247.83 º¾ããã ÊããØã¦ã 136.79 117.92 39.26 36.37 18.48 18.96 Interest Cost 136.79 117.92 39.26 36.37 18.48 18.96 Ìã¦ãýãã¶ã ÔãñÌãã ÊããØã¦ã 31.10 28.57 26.91 25.83 15.22 14.96 Current Service Cost 31.10 28.57 26.91 25.83 15.22 14.96 Benefits Paid (104.43) (73.60) (33.20) (23.21) (15.13) (21.63) ¹ãƪ¦¦ã Êãã¼ã (104.43) (73.60) (33.20) (23.21) (15.13) (21.63) Actuarial loss/ ºã㣾ã¦ããããò ¹ãÀ ÌããÔ¦ããäÌãã (gain) on ¶ãìãÔãã¶ã / (Êãã¼ã) 276.11 64.74 (17.03) 2.17 (8.22) (6.12) Obligations 276.11 64.74 (17.03) 2.17 (8.22) (6.12) Present Value of ÌãÓãà ãñ ãâ¦ã ½ãò ºã㣾ã¦ããããò Obligation at ãã Ìã¦ãýãã¶ã ½ãîʾã 2049.47 1709.90 523.28 507.34 264.35 254.00 year end 2049.47 1709.90 523.28 507.34 264.35 254.00
106 ¾ããñã¶ãã ãããäÔ¦ã ãñ ãäÞã¦ã ½ãîʾ㠽ãò ¹ããäÀÌã¦ãöã Change in Fair Value of Plan Asset (Á. ãÀãñü¡ ½ãò ) (Rs. in crores) ¹ãòÍã¶ã ØãõÞ¾ãìãè ãÌãããÍã PENSION GRATUITY LEAVE (ãä¶ããä£ãã) (ãä¶ããä£ãã) ¶ããªãèãÀ¥ã ENCASHMENT (ØãõÀ ãä¶ããä£ãã) (Funded) (Funded) (Un Funded) 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 ÌãÓãà ãñ ããÀâ¼ã ½ãò Fair Value of Plan ¾ããñã¶ãã ãããäÔ¦ã Assets at the ãã ãäÞã¦ã ½ãîʾã @ 1709.90 1572.27 507.34 466.18 0.00 0.00 beginning of the year @ 1709.90 1572.27 507.34 466.18 0.00 0.00 ¾ããñã¶ãã ãããäԦ㠹ãÀ ¹ãƦ¾ãããäÍã¦ã Êãã¼ã 115.43 91.22 55.58 43.02 0.00 0.00 Expected return on Plan Assets 115.43 91.22 55.58 43.02 0.00 0.00 ãä¶ã¾ããñã¦ãã ãã Employers ãâÍãªã¶ã 366.12 192.91 180.00 11.00 15.13 21.63 contribution 366.12 192.91 180.00 11.00 15.13 21.63
¹ãƪ¦¦ã Êãã¼ã (104.43) (73.60) (33.20) (23.21) (15.13) (21.63) Benefit Paid (104.43) (73.60) (33.20) (23.21) (15.13) (21.63)
ºã㣾ã¦ããããò ¹ãÀ Actuarial loss/ ÌããÔ¦ããäÌãã (gain) on ¶ãìãÔãã¶ã / (Êãã¼ã) (92.05) (72.90) (33.66) 10.35 0.00 0.00 Obligations (92.05) (72.90) (33.66) 10.35 0.00 0.00 ÌãÓãà ãñ ãâ¦ã ½ãò Fair Value of ¾ããñã¶ãã ãããäÔ¦ã ãã Plan Asset at the end of ãäÞã¦ã ½ãîʾã @ 1994.97 1709.90 676.06 507.34 0.00 0.00 the year @ 1994.97 1709.90 676.06 507.34 0.00 0.00
@ Ôãâã½ã¥ãããÊããè¶ã ªñ¾ã¦ãã ÔããäÖ¦ã - ã¦ã ¶ããñ Ôãâ-9.1(ii) ªñãò @ including transitional liability See Note 9.1(ii) above ¦ãìÊã¶ã - ¹ã¨ã ½ãò ¹ãÖÞãã¶ããè Øã¾ããè Àã½ã Amount recognised in Balance Sheet (Á. ãÀãñü¡ ½ãò ) (Rs. in crores) ¹ãòÍã¶ã ØãõÞ¾ãìãè ãÌãããÍã PENSION GRATUITY LEAVE (ãä¶ããä£ãã) (ãä¶ããä£ãã) ¶ããªãèãÀ¥ã ENCASHMENT (ØãõÀ ãä¶ããä£ãã) (Funded) (Funded) (Un Funded) 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 ÌãÓãà ãñ ãâ¦ã ¦ãã Estimated Present ºã㣾ã¦ããããò ãã value of obligations ã¶ãì½ãããä¶ã¦ã as at the end Ìã¦ãýãã¶ã ½ãîʾã 2049.97 1709.90 523.28 507.34 264.35 254.00 of the year 2049.97 1709.90 523.28 507.34 264.35 254.00 ÌãÓãà ãñ ãâ¦ã ¦ãã Actual Fair value ¾ããñã¶ãã ãããäÔ¦ã of Plan Assets ãã ÌããÔ¦ããäÌãã as at the end ãäÞã¦ã ½ãîʾã 1816.97 1442.90 676.06 507.34 0.00 0.00 of the year 1816.97 1442.90 676.06 507.34 0.00 0.00 ããä¶ããä£ãã ãä¶ãÌãÊã Un-funded ªñ¾ã¦ãã 232.50* 267.00(141.46)** - 264.35 254.00 Net Liability 232.50* 267.00(141.46)** - 264.35 254.00 * Á¹ã¾ãñ 178 ãÀãñü¡ ããè ã¶ããä¼ãã Ôãâã½ã¥ãããÊããè¶ã ªñ¾ã¦ãã Íãããä½ãÊã * Includes unrecognized transitional liability carried forward Rs.178 crores. Öõ, ãäãÔãñ ããØãñ Êãñ ãã¾ãã Øã¾ãã Öõý ** This represent the Present Value of future ** ¾ãÖ Ôã 15 ããÀ ãñ ¹ãõÀã 59(ºããè) ãñ ¦ãÖ¦ã Á.152.78 ãÀãñü¡ reduction of Rs.152.78 crores under Para ããè ¼ããäÌãÓ¾ãØã¦ã ã½ããè ãñ Ìã¦ãýãã¶ã ½ãîʾã ããñ ªÍããæãã Öõý 59(b) of AS15R.
107 Êãã¼ã Ìã Öããä¶ã ½ãò ¹ãÖÞãã¶ãã Øã¾ãã ̾ã¾ã Expenses Recognised in Profit & Loss (Á. ãÀãñü¡ ½ãò ) (Rs. in crores) ¹ãòÍã¶ã ØãõÞ¾ãìãè ãÌãããÍã PENSION GRATUITY LEAVE (ãä¶ããä£ãã) (ãä¶ããä£ãã) ¶ããªãèãÀ¥ã ENCASHMENT (ØãõÀ ãä¶ããä£ãã) (Funded) (Funded) (Un Funded) 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 Ìã¦ãýãã¶ã ÔãñÌãã ÊããØã¦ã 31.10 28.57 26.91 25.83 15.22 14.96 Current Service Cost 31.10 28.57 26.91 25.83 15.22 14.96 º¾ããã ÊããØã¦ã 136.79 117.92 39.26 36.37 18.48 18.96 Interest Cost 136.79 117.92 39.26 36.37 18.48 18.96 ¾ããñã¶ãã ãããäԦ㠹ãÀ Expected return on Plan Asset (115.43) (91.22) (55.58) (43.02) 0.00 0.00 ¹ãƦ¾ãããäÍã¦ã Êãã¼ã (115.43) (91.22) (55.58) (43.02) 0.00 0.00 Net Actuarial ÌãÓãà ½ãò ¹ãÖÞãã¶ãã Øã¾ãã (Gain)/Loss ãä¶ãÌãÊã ÌããÔ¦ããäÌãã recognised in (Êãã¼ã) / Öããä¶ã 368.16 137.64 16.63 (8.18) (8.22) (6.12) the year 368.16 137.64 16.63 (8.18) (8.22) (6.12) Effect of limit Ôã15ããÀ ãñ as per AS15R 11.32 ã¶ãìÔããÀ Ôããè½ãã ãã ¹ãƼããÌã ------11.32 ------Total expenses recognised in Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ½ãò Profit & Loss ¹ãÖÞãã¶ãã Øã¾ãã ãìÊã ̾ã¾ã 420.62 192.91 38.54 11.00 25.48 27.80 Account 420.62 192.91 38.54 11.00 25.48 27.80 ¹ãòÍã¶ã Ìã ØãÆõÞ¾ãìãè ¶¾ããÔã ´ãÀã ã¶ãìÀãäàã¦ã ãä¶ãÌãñÍã ¹ãÆãä¦ãÍã¦ã¦ãã : Investment percentage maintained by Pension & Gratuity Trust
¹ãòÍã¶ã ¶¾ããÔã (%) ØãÆõÞ¾ãìãè ¶¾ããÔã (%) Pension Trust (%) Gratuity Trust (%) 2010 2009 2010 2009 2010 2009 2010 2009 ã. ¨ãÉ¥ã ãäÊãã¦ãò a) Debt Instruments ãñ¶³ ÔãÀããÀ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú 18.67 25.53 18.89 27.32 Central Government Securities 18.67 25.53 18.89 27.32 Àã¾ã ÔãÀããÀ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú 31.25 16.17 29.51 18.17 State Government ¹ããèÔã¾ãì ½ãò ãä¶ãÌãñÍã * 40.92 50.41 38.51 43.97 Securities 31.25 16.17 29.51 18.17 㶾ã ãä¶ãÌãñÍã 9.15 7.89 13.10 10.54 Investment in PSU* 40.92 50.41 38.51 43.97 Other Investments 9.15 7.89 13.10 10.54 ã. ÃãäãÌããè ãäÊãã¦ã Íãã Íãã Íãã Íãã b) Equity Instruments Nil Nil Nil Nil
* ÔããÌãÃããä¶ãã àãñ¨ã ãñ ¹ãã½ããò ½ãò ãä¶ãÌãñÍã ãñ ãâ¦ãØãæã Ôã ºãöã ããè ¹ãòÍã¶ã ãä¶ããä£ã ½ãò Á.99.50 * Investments in PSU includes own Fixed Deposits ãÀãñü¡ (17.36%) ããõÀ ØãÆñÞ¾ãìãè ãä¶ããä£ã ½ãò Á.0.05 ãÀãñü¡ (0.02%) ããè ãìª ããè of this Bank Rs.99.50 Crores (17.36%) in Pension ãä½ã¾ããªãè ã½ããâ Íãããä½ãÊã Ööý Fund and Rs.0.05 Crores (0.02%) in Gratuity Fund. ¦ãìÊã¶ã-¹ã¨ã ããè ¦ããÀãèã ¦ãã ½ãîÊã ÌããÔ¦ããäÌãã ã¶ãì½ãã¶ã (¼ãããäÀ¦ã Principal actuarial assumptions at the Balance ããõÔã¦ã ãñ ¹㠽ãò ããä¼ã̾ãã¦ã) Sheet Date (expressed as weighted average) ¹ãòÍã¶ã ØãõÞ¾ãìãè ãÌãããÍã PENSION GRATUITY LEAVE ENCASHMENT (ãä¶ããä£ãã) (ãä¶ããä£ãã) ¶ããªãèãÀ¥ã (Funded) (Funded) (Un Funded) (ØãõÀ ãä¶ããä£ãã) 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 Discount Rate 8.00% 7.50% 8.00% 7.50% 8.00% 7.50% ºãáã ªÀ 8.00% 7.50% 8.00% 7.50% 8.00% 7.50% Expected rate ¾ããñã¶ãã ãããäÔ¦ã¾ããò of return on ¹ãÀ ¹ãƦ¾ãããäÍã¦ã Êãã¼ã ªÀ 8.00% 9.23% 9.57% 9.57% 0% 0% Plan Assets 8.00% 9.23% 9.57% 9.57% 0% 0% Expected Rate of Ìãñ¦ã¶ã Ìãðãä® ããè ¹ãƦ¾ãããäÍã¦ã ªÀ 4% 5% 4% 5% 4% 5% Salary increase 4% 5% 4% 5% 4% 5% ã¹ã¶ãã¾ããè Øã¾ããè ¹ãÆãäã¾ãã ¹ãÆàãñãä¹ã¦ã ããà ¹ãÆàãñãä¹ã¦ã ããà ¹ãÆàãñãä¹ã¦ã ããà Method used Projected Projected Projected £ããÀ £ããÀ £ããÀ unit credit unit credit unit credit Actual return on Plan Assets: Gratuity Rs. 21.92 Crores (Previous ¾ããñã¶ãã ãããäÔ¦ã¾ããò ¹ãÀ ÌããÔ¦ããäÌãã Êãã¼ã: ØãÆõÞ¾ãìãè Á.21.92 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãà Á.53.37 ãÀãñü¡) Year Rs.53.37Crores)
108 ã¶ãì¼ãÌãØã¦ã Ôã½ãâã¶ã Experience Adjustments ãäÌãÌãÀ¥ã ØãÆõÞ¾ãìãè ãÌãããÍã ¶ããªãèãÀ¥ã Particulars Gratuity (Funded) Leave Encashment (ãä¶ããä£ãã) (ØãõÀ ãä¶ããä£ãã) (Un funded) 2010 2009 2010 2009 2010 2009 2010 2009 ¾ããñã¶ãã ãããäÔ¦ã¾ããò ¹ãÀ Experience adjustment ã¶ãì¼ãÌãØã¦ã Ôã½ãâã¶ã on Plan assets (Öããä¶ã) / Êãã¼ã (33.66) 10.35 Íãã Íãã (Loss)/Gain (33.66) 10.35 Nil Nil Experience adjustment ¾ããñã¶ãã ªñ¾ã¦ããããò ¹ãÀ on Plan Liabilities ã¶ãì¼ãÌãØã¦ã Ôã½ãâã¶ã (Loss)/Gain (21.67) 10.52 (9.30) 8.87 (Öããä¶ã) / Êãã¼ã (21.67) 10.52 (9.30) 8.87 The estimates of future salary increases, ÌããÔ¦ããäÌãã ½ãîʾããâã¶ã ãñ ¦ã֦㠼ããÌããè Ìãñ¦ã¶ã Ìãðãä® ãñ ã¶ãì½ãã¶ããò ½ãò, considered in actuarial valuation, take into ¾ããñã¶ãã ãããäÔ¦ã¾ããò ¹ãÀ ÌããÔ¦ããäÌãã Êãã¼ã, ½ãì³ãÔ¹ããèãä¦ã, ÌãÀãè¾ã¦ãã, ¹ãªãñ¸ããä¦ã account actual return on plan assets, inflation, seniority, promotion and other relevant factors, ããõÀ 㶾ã Ôãâºãâãä£ã¦ã ããÀããò ¾ã©ãã ã½ãÃÞããÀãè ºããûããÀ ½ãò ½ããúØã Ìã ãã¹ãîãä¦ãà such as supply and demand in employee market. ããñ ãäÖÔããºã ½ãò ãäÊã¾ãã Øã¾ãã Öõý The provision made on account of expected increase in salary levels of employees for the 31-03-2010 ããñ Ôã½ã㹦ã ÌãÓãà ãñ ãäÊã ã½ãÃÞãããäÀ¾ããò ãñ Ìãñ¦ã¶ã Ô¦ãÀãò ½ãò year ended 31.03.2010 is Rs.168 crores, forming ¹ãƦ¾ãããäÍã¦ã Ìãðãä® ãñ ããÀ¥ã ãäã Øã ¹ãÆãÌã£ãã¶ã ããè Àã½ã Á.168 ãÀãñü¡ an aggregate provision of Rs.406 crores, which Öõ, ãäãÔãÔãñ Á.406 ãÀãñü¡ ãã Ôã½ãñãäã¦ã ¹ãÆãÌã£ãã¶ã ºã¶ã¦ãã Öõ, ãäãÔãñ is considered adequate for meeting the Ìãðãä®ÍããèÊã ªñ¾ã¦ãã ããñ ¹ãîÀã ãÀ¶ãñ ãñ ãäÊã ¹ã¾ããù¦ã ½ãã¶ãã Øã¾ãã Öõý incremental liability. In respect of overseas branches, disclosures if ãäÌãªñÍããè Íããããããò ãñ Ôãâºãâ£ã ½ãò ã½ãÃÞããÀãè Êãã¼ã ¾ããñã¶ãã ãñ ãäÊã ¾ããäª any, required for Employee Benefit Schemes are ããñà ¹ãÆããèãÀ¥ã ã¹ãñãäàã¦ã Öõ ¦ããñ ÔãîÞã¶ãã ãñ ã¼ããÌã ½ãò ¾ãÖ ¶ãÖãé Öõý not made in the absence of information. (b) The financial assumptions considered for the (ã) ¹ããäÀãÊã¶ããò ãñ ãäÊã ãäã Øã ãäÌ㦦ããè¾ã ã¶ãì½ãã¶ã ãä¶ã½¶ãÌã¦ã Öõ calculations are as under:- ºãáã ªÀ : ºãáã ªÀ ããñ ½ãîʾããâã¶ã ããè ¦ããÀãèã (¦ãìÊã¶ã - ¹ã¨ã Discount Rate: - The discount rate has been ã䪶ããâãäã¦ã 31.03.2010) ÔãÀããÀãè ºããú¡ãò ¹ãÀ ºããããÀ Êãã¼ã ãñ chosen by reference to market yield on government bonds as on the date of Ôã⪼ãà ½ãò ¦ã¾ã ãäã¾ãã Øã¾ãã Öõ ý valuation. (Balance sheet date 31.03.2010) ¹ãƦ¾ãããäÍã¦ã Êãã¼ã ªÀ: ¹ãòÍã¶ã Ìã ìáãè ãñ ¶ããªãèãÀ¥ã ãñ Ôãâºãâ£ã ½ãò Expected Rate of Return: In case of Pension ¹ãƦ¾ãããäÍã¦ã Êãã¼ã ªÀ ããñ ÔãÀããÀãè ºããú¡ ¹ãÀ Êãã¼ã ãñ ãã£ããÀ ¹ãÀ ¦ã¾ã and Leave Encashment, the expected rate of return is taken on the basis of yield on ãäã¾ãã Øã¾ãã Öõý ØãÆõÞ¾ãìãè ãñ Ôãâºãâ£ã ½ãò ÌããÔ¦ããäÌãã Êãã¼ã ããñ ãäÊã¾ãã government bonds. In case of gratuity, the Øã¾ãã Öõ ý actual return has been taken. Ìãñ¦ã¶ã Ìãðãä® : Øã¦ã ¡ãã ãñ ãã£ããÀ ¹ãÀ ý Salary Increase: On the basis of past data. (c) Banks best estimate expected to be paid (Øã) ãØãÊãñ ãäÌ㦦ããè¾ã ÌãÓãà ½ãò ã¹ãñãäàã¦ã ãªã¾ãØããè ÌããÊãñ ØãÆõÞ¾ãìãè ãñ ãäÊã in next Financial Year for Gratuity is Nil. ºãöã ãã ÔãÌããó¦¦ã½ã ãããÊã¶ã Íãã Öõý (d) The contribution on account of Defined Contribution Scheme Provident Fund (Üã) ¹ããäÀ¼ãããäÓã¦ã ãâÍãªã¶ã ¾ããñã¶ãã - ¼ããäÌãÓ¾ã ãä¶ããä£ã ãñ ããÀ¥ã Öãñ¶ãñÌããÊãñ Rs.716.16 Crores (previous year Rs. 620.25 ãâÍãªã¶ã ããè ÀããäÍã Öõ Á.716.16 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãà - Crores). Á.620.25 ãÀãñü¡)ý
109 9.2 Accounting Standard 17 Segment Reporting The bank has adopted Reserve Bank of Indias revised guidelines issued in April 2007 on Segment Reporting in terms of which the reportable segments have been divided into Treasury, Corporate/ Wholesale Banking, Retail Banking and Other Banking Operations. Part A: Business Segments
Business Segments Treasury Corporate/Wholesale Retail Banking Other Banking TOTAL Banking Operations Particulars 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 Revenue 2892.04 2917.86 4862.74 4487.28 3269.72 3288.83 350.84 447.42 11375.34 11141.39 Result 33.29 310.44 901.06 1145.66 975.14 766.74 -78.36 205.22 1831.13 2428.06 Unallocated Income ------13.68 95.84 Unallocated Expenses 0.19 0.18 Operating Profit/Loss 1844.62 2523.72 Income Taxes 271.99 628.51 Provisions & Contingencies 783.50 569.42 Extraordinary profit / loss ------(82.17) - Net Profit 706.96 1325.79 OTHER INFORMATION Segment Assets 41385.24 35306.77 52492.03 39708.52 33759.65 43396.01 2076.97 1835.54 129713.89 120246.84 Unallocated Assets 1382.50 826.56 Total assets 131096.39 121073.40 Segment Liabilities 36982.33 29271.97 51131.13 39280.99 33523.92 30689.07 1526.60 14378.49 123163.98 113620.52 Unallocated Liabilities 407.83 301.88 Total Liabilities 123571.81 113922.40
9.2 Êãññããâã¶ã ½ãã¶ãã 17 - 㥡 ãäÀ¹ããñãäÄØã 㥡 ãäÀ¹ããñãäÄØã ãñ ãäÊã ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ã¹ãÆõÊã 2007 ½ãò ããÀãè ÔãâÍããñãä£ã¦ã ãäªÍãããä¶ãªóÍããò ããñ ã¹ã¶ãã¾ãã Öõ, ãäãÔããñ ã¶ãìÔããÀ ãäÀ¹ããñà ãäã ãã¶ãñ ÌããÊãñ 㥡ãò ããñ ÈñûãÀãè, ããù¹ããóÀñ / ©ããñã ºãöãäãâØã, ãäÀñÊã ºãöãäãâØã Ìã 㶾㠺ãöãäãâØã ¹ããäÀÞããÊã¶ããò ½ãò ÌãØããêãð¦ã ãäã¾ãã Öõý ¼ããØã : ããÀãñºããÀ 㥡 (Á. ãÀãñü¡ ½ãò) ããÀãñºããÀ 㥡 ÈñûãÀãè ãã¹ããóÀñ / ©ããñã ºãöãäãâØã ãäÀñÊã ºãöãäãâØã 㶾㠺ãöãäãâØã ¹ããäÀÞããÊã¶ã ãìÊã ãäÌãÌãÀ¥ã 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 ÀããÔÌã 2892.04 2917.86 4862.74 4487.28 3269.72 3288.83 350.84 447.42 11375.34 11141.39 ¹ããäÀ¥ãã½ã 33.29 310.44 901.06 1145.66 975.14 766.74 -78.36 205.22 1831.13 2428.06 ã¶ããºãâãä¦ã ãã¾ã ------13.68 95.84 ã¶ããºãâãä¦ã ̾ã¾ã 0.19 0.18 ¹ããäÀÞããÊã¶ãØã¦ã Êãã¼ã/Öããä¶ã 1844.62 2523.72 ãã¾ã ãÀ 271.99 628.51 ¹ãÆãÌã£ãã¶ã Ìã ããããäÔ½ãã¦ããú 783.50 569.42 ãÔãã£ããÀ¥ã Êãã¼ã / Öããä¶ã ------(82.17) - ãä¶ãÌãÊã Êãã¼ã 706.96 1325.79 㶾ã ÔãîÞã¶ãã 㥡ÌããÀ ãããäÔ¦ã¾ããú 41385.24 35306.77 52492.03 39708.52 33759.65 43396.01 2076.97 1835.54 129713.89 120246.84 ã¶ããºãâãä¦ã ãããäÔ¦ã¾ããú 1382.50 826.56 ãìÊã ãããäÔ¦ã¾ããú 131096.39 121073.40 㥡ÌããÀ ªñ¾ã¦ããú 36982.33 29271.97 51131.13 39280.99 33523.92 30689.07 1526.60 14378.49 123163.98 113620.52 ã¶ããºãâãä¦ã ªñ¾ã¦ããâ 407.83 301.88 ãìÊã ªñ¾ã¦ããâ 123571.81 113922.40
110 ¼ããØã ã - ¼ããõØããñãäÊãã 㥡 Part B - Geographic segments
ªñÍããè 㶦ãÀÀãÓÈãè¾ã ãìÊã Domestic International Total 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 ÀããÔÌã 10928.21 10655.40 460.81 513.33 11389.02 11168.73* Revenue 10928.21 10655.40 460.81 513.33 11389.02 11168.73* ãããäÔ¦ã¾ããú 121744.12 113595.78 9352.27 7477.62 131096.39 121073.40 Assets 121744.12 113595.78 9352.27 7477.62 131096.39 121073.40
*Ôã½ãò Á.68.50 ãÀãñü¡ ããè ã¹ãÌããªÔÌã¹㠽ãªò Íãããä½ãÊã ¶ãÖãé Öõý * Does not include exceptional items of Rs. 68.50 crores. 9.3 Êãñããâã¶ã ½ãã¶ãã 18 - Ôãâºãâãä£ã¦ã ¹ãããê ¹ãÆããèãÀ¥ã 9.3 Accounting Standard 18- Related Party Disclosures Ôãâºãâãä£ã¦ã ¹ãããäþããò ãñ ¶ãã½ã Ìã ºãöã ãñ Ôãã©ã ¶ããã Ôãâºãâ£ã Names of the related parties and their 1 ½ãîÊã ÔãâÔ©ãã ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã relationship with the bank 1 Parent Indian Overseas Bank 2 ÔãÖ¾ããñØããè ÔãâÔ©ããú ¹ããã䥡¾ã¶ã ØãÆã½ãã ºãöã 2 Associates Pandyan Grama Bank ¶ããèÊããÞãÊã ØãÆ㽾㠺ãöã Neelachal Gramya Bank 3 ã¶ãìÓãâãäØã¾ããú ããñà ¶ãÖãé 3. Subsidiaries None 4 Ôãâ¾ãìã¦ã¦ã: ãä¶ã¾ãâãä¨ã¦ã ¾ãìãä¶ãÌãÔãÃÊã Ôããñ½¹ããñ ã¶ãÀÊã 4 Jointly controlled Universal Sompo General ããà ¶Í¾ãìÀñ¶Ôã ãâ¹ã¶ããè ãäÊããä½ãñ¡ entity Insurance Co. Ltd. 5 ¹ãƽãìã ¹ãƺ㶣ã¶ã ¹ãªããä£ãããÀãè 5 Key Management Personnel ã½ã ¶ãã½ã ¹ãª¶ãã½ã ¹ãããäÀÑããä½ãã* Sl. Name Designation Remuneration* Ôãâ. Àã½ã (Á.) No. Amount (Rs.) 1 Ñããè Ôã.. ¼ã 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã 23,41,058 1. Shri S.A. Bhat Chairman & Managing Director 23,41,058 2 Ñããè ÌããÃ.Êã.½ãªã¶ã ãã¾ãùããÊãã ãä¶ãªñÍãã 16,82,445 2. Shri Y.L. Madan Executive Director 16,82,445 3 Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã ãã¾ãùããÊãã ãä¶ãªñÍãã 3,14,223 3. Smt. Nupur Mitra Executive Director 3,14,223 4 Ñããè ããè.¶ããÀã¾ã¥ã¶ã ¹ãîÌãà ãã¾ãùããÊãã ãä¶ãªñÍãã 14,04,027 4. Shri G. Narayanan Ex-ED 14,04,027
* ¹ãããäÀÑããä½ãã ½ãò Ìãñ¦ã¶ã Ì㠼㦦ãñ, Ìãñ¦ã¶ã ºããã¾ãã, ãä¶ãÓ¹ã㪶ãØã¦ã ¹ãÆãñ¦ÔããÖ¶ã ÀããäÍã, * Remuneration Includes salary & allowances, salary arrears, ìáãè ¼ãì¶ããà ºããã¾ãã ããõÀ ØãÆõÞ¾ãìãè ºããã¾ãã Íãããä½ãÊã Ööý performance incentives, leave encashment arrears and gratuity arrears.
¶ããñ: Êãñããâã¶ã ½ãã¶ãã-18 ½ãò “Ôãâºãâãä£ã¦ã ¹ãããê ¹ãÆããèãÀ¥ã” ãñ ¹ãõÀã 9 ãñ Note: The transactions with associates / joint ventures have not ½ãÿñ¶ããÀ ÔãÖ¾ããñØããè ÔãâÔ©ããããò / Ôãâ¾ãìã¦ã ²ã½ããò ãñ Ôãã©ã Êãñ¶ã-ªñ¶ããò ããñ ¹ãÆã been disclosed in view of Para 9 of Accounting Standard 18 ¶ãÖãé ãäã¾ãã Øã¾ãã Öõ, ããñ Àã¾ã ´ãÀã ãä¶ã¾ãâãä¨ã¦ã ²ã½ããò ããñ, ¶ã 㶾ã Ôãâºãâãä£ã¦ã Related Party Disclosures, which exempts state controlled ¹ãããäþããò ãñ Ôãã©ã ã¹ã¶ãñ Êãñ¶ã-ªñ¶ããò Ôãñ ãì¡ñ ¹ãÆããèãÀ¥ã ãÀ¶ãñ Ôãñ î ªñ¦ãã Öõ, enterprises from making any disclosure pertaining to their transactions ããñ Àã¾ã ´ãÀã Öãè ãä¶ã¾ãâãä¨ã¦ã ²ã½ã Öõ ããõÀ Ôããè Êãñããâã¶ã ½ãã¶ãã ãñ ¹ãõÀã 5 ½ãò with other related parties which are also state controlled enterprises ãäÊÊããäã¦ã Öõ ãäã ¾ããäª Ôãâºãâãä£ã¦ã ¹ãããê ãñ ãäãÔããè ¹ãÆÌãØãà ½ãò ãñÌãÊã ã Öãè ããà and Para 5 of the same Accounting Standard states that no Öõ ¦ããñ ¹ãÆããèãÀ¥ã ããè ããÌã;ãã¦ãã ¶ãÖãé Öõý disclosure is required if there is only one entity in any category of related party. 9.4 Êãñããâã¶ã ½ãã¶ãã 20 - ¹ãÆãä¦ã Íãñ¾ãÀ ããöã 9.4 Accounting Standard 20 Earning Per Share
ãäÌãÌãÀ¥ã 2009-10 2008-09 Particulars 2009-10 2008-09
ÃãäãÌããè Íãñ¾ãÀ£ããÀããò ãñ ãäÊã ãÀ ãñ ºã㪠Net Profit after Tax available for ¹ãÊ㺣ã ãä¶ãÌãÊã Êãã¼ã (Á. ãÀãñü¡ ½ãò) 706.96 1325.79 Equity Shareholders (Rs. In Crore) 706.96 1325.79 ¼ãããäÀ¦ã ããõÔã¦ã Weighted Average Number of ÃãäãÌããè Íãñ¾ãÀãò ããè Ôãâ¾ãã 54,48,00,000 54,48,00,000 Equity Shares 54,48,00,000 54,48,00,000
½ãîÊã ¦ã©ãã ã½ã ããè Öìà ¹ãÆãä¦ã Íãñ¾ãÀ ããöã 12.98 24.34 Basic & Diluted Earnings Per Share Rs. 12.98 Rs. 24.34
¹ãÆãä¦ã Íãñ¾ãÀ ãã ¶ãã½ã ½ãã¨ã ½ãîʾã 10.00 10.00 Nominal value per Equity Share Rs. 10.00 Rs. 10.00
111 9.5 Êãñããâã¶ã ½ãã¶ãã 21 - Ôã½ãñãäã¦ã ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ã 9.5 Accounting Standard 21 - Consolidated (Ôããè¹ãÔã) Financial Statements (CFS) Þãîúãäã ããñà ã¶ãìÓãâØããè ÔãâÔ©ãã ¶ãÖãé Öõ, ÔããäÊã ãäãÔããè Ôã½ãñãäã¦ã As there is no subsidiary, no consolidated ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ã ããè ¹ãÆÔ¦ãìãä¦ã ããÌã;ãã ¶ãÖãé Ôã½ã¢ããè ØãÃý financial statement is considered necessary. 9.6 Accounting Standard 22: Accounting for 9.6 Êãñããâã¶ã ½ãã¶ãã 22 : ãã¾ã ¹ãÀ ãÀãò ãñ ãäÊã Êãñãã Taxes on Income ÌãÓãà ãñ ªãõÀã¶ã, ºãöã ¶ãñ Á.226.21 ãÀãñü¡ ããè ããÔ©ããäØã¦ã ãÀ The Bank has accounted for Deferred Tax ªñ¾ã¦ãã (ãä¹ãÊãñ ÌãÓãà ããè ããÔ©ãäØã¦ã ãÀ ãããäÔ¦ã ÀÖãè Á.82.74 Liability of Rs.226.21 crores during the year ãÀãñü¡) ããñ ãäÖÔããºã ½ãò ãäÊã¾ãã Öõý ºãöã ãñ ¹ããÔã Á.169.12 (Previous year Deferred Tax Asset of Rs.82.74 crores). The Bank has outstanding net ãÀãñü¡ ããè ºããã¾ãã ãä¶ãÌãÊã ããÔ©ããäØã¦ã ãÀ ªñ¾ã¦ãã Öõ (ãä¹ãÊãñ ÌãÓãà deferred tax liability of Rs.169.12 crores ããè ããÔ©ããäØã¦ã ãÀ ªñ¾ã¦ãã Á.57.09 ãÀãñü¡ ÀÖãè)ý ããÔ©ããäØã¦ã (Previous year Deferred Tax Asset of Rs.57.09 ãÀ ãããäÔ¦ã¾ããò ããõÀ ªñ¾ã¦ããããò ãã ¹ãƽãìã ½ãªãò ½ãò ºãÆñãã¹ã ãä¶ã½¶ãÌã¦ã crores). The breakup of deferred tax assets ã䪾ãã Øã¾ãã Öõ: and liabilities into major items is given below: (Á.ãÀãñü¡ ½ãò) Rs. in crore 31-03-2010 31-03-2009 31.03.2010 31.03.2009 ¡ãèãè ¡ãèãèÊã ¡ãèãè ¡ãèãèÊã DTA DTL DTA DTL ãä¶ãÌãñÍããò ¹ãÀ ½ãîʾãÖÆãÔã 388.74 67.43 Depreciation on Investments 388.74 67.43 ãÞãÊã ãããäÔ¦ã¾ããò ¹ãÀ ½ãîʾãÖãÔã 7.46 15.66 Depreciation on Fixed Assets 7.46 15.66 ã½ãÃÞããÀãè Êãã¼ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã 138.41 129.07 Provision for Employee Benefits 138.41 129.07 £ããñãã£ãã䡾ããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã 9.23 8.63 Provision for Frauds 9.23 8.63 㶾ã 64.52 2.48 Others 64.52 2.48 ãìÊã 219.62 388.74 140.18 83.09 Total 219.62 388.74 140.18 83.09
ãä¶ãÌãÊã ¡ãèãè/¡ãèãèÊã 169.12 57.09 Net DTA / DTL 169.12 57.09 9.7 Êãñããâã¶ã ½ãã¶ãã 26 - ã½ãî¦ãà ãããäÔ¦ã¾ããâ 9.7 Accounting Standard 26 Intangible Assets ºãöã ½ãò ¹ãƾãìã¦ã ã¶ãì¹ãƾããñØã Ôããù¹ãÌãñ¾ãÀ ããñ ÔÌã¾ãâ Öãè ¦ãõ¾ããÀ ãäã¾ãã The application software in use in the bank Øã¾ãã Öõ ããõÀ ¾ãÖ ã ÔãìªãèÜãà ãÌããä£ã ½ãò ãäÌãããäÔã¦ã Öìãã Öõý ã¦ã: has been developed in-house and has evolved Ôããù¹ãÌãñ¾ãÀ ããè ÊããØã¦ã ºãöã ãñ ¹ããäÀÞããÊã¶ã㦽ãã ̾ã¾ã ãõÔãñ Ìãñ¦ã¶ã over a period of time. Hence, the costs of software is essentially part of Banks ãããäª ãã ããä¶ãÌãã¾ãà ãâÍã Öõ ããõÀ Ôãñ Êãã¼ã-Öããä¶ã ãã¦ãññ ãñ Ôãâºãâãä£ã¦ã operational expenses like wages etc. and as ̾ã¾ã ÍããèÓããô ½ãò ¹ãƼãããäÀ¦ã ãäã¾ãã Øã¾ãã Öõý such are charged to the respective heads of expenditure in the Profit and Loss Account. 9.8 Êãñããâã¶ã ½ãã¶ãã 27 - Ôãâ¾ãìã¦ã ²ã½ããò ½ãò ãäÖ¦ããò ããè ãäÌ㦦ããè¾ã 9.8 Accounting Standard 27 Financial ãäÀ¹ããñãäÄØã Reporting of Interests in Joint Ventures ¾ãì¶ããèÌãÔãÃÊã Ôããñ½¹ããñ ã¶ãÀÊã â;ããñÀñ¶Ôã ãâ. ãäÊã. ãñ Ôãã©ã Ôãâ¾ãìã¦ã In the case of Joint Venture with Universal ²ã½ã ãñ ½ãã½ãÊãñ ½ãò ºãöã ¶ãñ Á.28.50 ãÀãñü¡ ãã ãä¶ãÌãñÍã ãäã¾ãã Öõ Sompo General Insurance Company Ltd., the bank has made an investment of Rs.28.50 ããñ ÃãäãÌããè ½ãò 19% Íãñ¾ãÀ Öõý Ôã 27 ãñ ã¶ãìÔããÀ ¹ãÆã crores being 19% share in Equity. Information ããè ãã¶ãñÌããÊããè ã¹ãñãäàã¦ã ÔãîÞã¶ãã ÔããèãäÊã ¶ãÖãé ¹ãÆÔ¦ãì¦ã ããè Øãà Öõ required to be disclosed as per AS 27 has ãäã 31-03-2010 ããñ Ôã½ã㹦ã ÌãÓãà ãñ ãäÊã ¾ãî¶ããèÌãÔãÃÊã Ôããñ½¹ããñ not been furnished since the financials for the year ended 31.03.2010 of Universal ã¶ãÀÊã â;ããñÀñ¶Ôã ãâ. ãäÊã. ãñ ãäÌ㦦ããè¾ã ããâã¡ãò ããñ ã¼ããè ãâãä¦ã½ã Sompo General Insurance Company Ltd., is ¹ã ã䪾ãã ãã¶ãã Öõý yet to be finalised.
112 9.9 Êãñããâã¶ã ½ãã¶ãã 28 - ãããäÔ¦ã¾ããò ãã ã¶ããÃã Öãñ¶ãã 9.9 Accounting Standard 28 Impairment of Assets ºãöã ´ãÀã £ãããäÀ¦ã ãÞãÊã ãããäÔ¦ã¾ããò ããñ ãã¹ããóÀñ ãããäÔ¦ã¾ããú Fixed Assets owned by the Bank are treated ½ãã¶ãã Øã¾ãã Öõ ããõÀ ¾ãñ ããÔããèãã ´ãÀã ããÀãè Ôã 28 ãñ as Corporate Assets and are not Cash ããäÀ ¹ããäÀ¼ãããäÓã¦ã ã¶ãìÔããÀ ¶ããªãè Ôãðã¶ã ãã¾ããú ¶ãÖãé Ööý Generating Units as defined by AS28 issued ¹ãƺãâ£ã¶ã ãñ ½ã¦ãã¶ãìÔããÀ ºãöã ããè ãäãÔããè ¼ããè ãÞãÊã ãããäÔ¦ã ãã ããñà by ICAI. In the opinion of the Management, there is no impairment of any of the Fixed Öããä¶ããÀ¥ã ¶ãÖãé Öõ ý Assets of the Bank. 9.10Êãñããâã¶ã ½ãã¶ãã 29 - ããããäÔ½ãã ªñ¾ã¦ããããò ããõÀ 9.10 Accounting Standard 29 - Provision for Contingent Liabilities and Contingent ãããäÔ¦ã¾ããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã Assets Ôã Ôãâºãâ£ã ½ãò ¼ããÀ¦ããè¾ã Ôã¶ãªãè ÊãñããããÀãò ããè ÔãâÔ©ãã ´ãÀã ããÀãè The guidelines issued by the Institute of ãäªÍãããä¶ãªóÍããò ããñ ¹ã¾ãìã¦ã Ô©ãã¶ããò ¹ãÀ Íãããä½ãÊã ãäã¾ãã Øã¾ãã Öõý Chartered Accountant of India in this respect have been incorporated at the appropriate 10 ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãõã ãñ ¹ããäÀ¹ã¨ã Ôãâ.ããÀºããèããÃ/2009- places. 10/347 ¡ãèºããèããñ¡ãè.ºããè¹ããè.ºããèÔããè.Ôãâ.79/21.04.018/ 10 ADDITIONAL DISCLOSURES PURSUANT 2009-10 ã䪶ããâãäã¦ã 15-03-2010 ãñ ã¶ãìÔããÀ ããä¦ããäÀã¦ã TO RBI CIRCULAR No. RBI/2009-10/347 DBOD.BP.BC.No.79/21.04.018/2009-10 ¹ãÆããèãÀ¥ã DATED 15.03.2010 (Þãîúãäã ãä¶ã½¶ããäÊããäã¦ã ½ãªãò ãñ ¹ãÆããèãÀ¥ã ãã ¾ãÖ ¹ãÖÊãã ÌãÓãà Öõ, (Previous years figures have not been ÔããèãäÊã ãä¹ãÊãñ ÔããÊã ãñ ããâã¡ñ ¹ãÆÔ¦ãì¦ã ¶ãÖãé ãäã Øã Öö) furnished since this is the first year of disclosure of the following items) I. ã½ããããò, ããäØãƽããò, ¨ãÉ¥ã ããñãäûã½ããò Ìã ã¶ããÃã ãããäÃÔ¦ã¾ããò I. CONCENTRATION OF DEPOSITS, ãã ãñ¶³ãèãÀ¥ã ADVANCES, EXPOSURES AND NPAS ã½ããããò ãã ãñ¶³ãèãÀ¥ã Concentration of Deposits (Á. ãÀãñü¡ ½ãò) (Rs. in crore) ºããèÔã ºãû¡ñ ã½ããã¦ããÃããò ããè ãìÊã ã½ããú 14125 Total Deposits of twenty largest depositors 14125 ºãöã ããè ãìÊã ã½ããããò ããè ¦ãìÊã¶ãã ½ãò ºããèÔã ºãû¡ñ Percentage of Deposits of twenty largest ã½ããã¦ããÃããò ããè ã½ããããò ãã ¹ãÆãä¦ãÍã¦ã 12.75 deposits to Total Deposits of the bank 12.75 ããäØãƽããò ãã ãñ¶³ãèãÀ¥ã Concentration of Advances (Á. ãÀãñü¡ ½ãò) (Rs. in crore) ºããèÔã ºãû¡ñ £ããÀã¦ããÃããò ããñ ¹ãƪ¦¦ã ãìÊã ããäØãƽã 9057 Total Advances to twenty largest borrowers 9057 ºãöã ãñ ãìÊã ããäØãƽããò ããè ¦ãìÊã¶ãã ½ãò ºããèÔã ºãû¡ñ Percentage of Advances of twenty largest £ããÀã¦ããÃããò ããñ ¹ãƪ¦¦ã ããäØãƽããò ãã ¹ãÆãä¦ãÍã¦ã 11.21 borrowers to Total Advances of the bank 11.21 ¨ãÉ¥ã ããñãäã½ããò ãã ãñ¶³ãèãÀ¥ã Concentration of Exposures (Á. ãÀãñü¡ ½ãò) (Rs. in crore)
ºããèÔã ºãû¡ñ £ããÀã¦ããÃããò / ØãÆãÖããò ããñ ¹ãƪ¦¦ã Total Exposure to twenty largest ¨ãÉ¥ã Ô㽺㶣ããè ãìÊã ããñãäã½ã 16727 borrowers / customers 16727 ºãöã ´ãÀã £ããÀã¦ããÃããò / ØãÆãÖããò ããñ ¹ãƪ¦¦ã ¨ãÉ¥ããò Percentage of Exposures of ãñ ãìÊã ããñãäã½ããò ããè ¦ãìÊã¶ãã ½ãò ºããèÔã ºãû¡ñ twenty largest borrowers/ £ããÀã¦ããÃããò / ØãÆãÖããò ããñ ¹ãƪ¦¦ã ¨ãÉ¥ã Ô㽺㶣ããè customers to Total Exposure ããñãäã½ããò ãã ¹ãÆãä¦ãÍã¦ã 14.08 of the bank on borrowers/ customers 14.08
113 ã¶ããÃã ãããäÔ¦ã¾ããò ãã ãñ¶³ãèãÀ¥ã (Á. ãÀãñü¡ ½ãò) Concentration of NPAs Rs. in crore ÞÞã ÞããÀ ã¶ããÃã ãã¦ããò Ôãñ Ô㽺ãã䶣ã¦ã ãìÊã ¨ãÉ¥ã ããñãäã½ã 660.48 Total Exposure to top four NPA accounts 660.48 II. ¹ãÆÌãØãÃ-ÌããÀ ã¶ããÃã ãããäÔ¦ã¾ããú II SECTOR-WISE NPAs ã½ã Ôãâ. ¹ãÆÌãØãà Ô㽺ãã䶣ã¦ã ¹ãÆÌãØãà ½ãò Sl. No. Sector Percentage of ãìÊã ããäØãƽããò ããè NPAs to Total ¦ãìÊã¶ãã ½ãò ã¶ããÃã Advances in ãããäÔ¦ã¾ããò ãã ¹ãÆãä¦ãÍã¦ã that Sector 1 ãðãäÓã Ìã Ô㽺ãã䶣ã¦ã Øããä¦ã-ãäÌããä£ã¾ããú 1.33 1 Agriculture & allied activities 1.33 2 ²ããñØã (Ôãîà½ã, ÊãÜãì, ½ã£¾ã½ã Ìã ºã¡ñ) 5.99 2 Industry (Micro & small, Medium and Large) 5.99 3 ÔãñÌããú 4.20 3 Services 4.20 4 Ìãõ¾ããäã¦ãã ¨ãÉ¥ã 3.37 4 Personal Loans 3.37 III. ã¶ããÃã ãããäÔ¦ã¾ããò ãã ÔãâÞãÊã¶ã III MOVEMENT OF NPAs ãäÌãÌãÀ¥ã Àã½ã Á.ãÀãñü¡ ½ãò Particulars Amount in Rs.Crores 01.04.2009 ¦ãã ÔããÊã ã¶ããÃã Gross NPAs as on 01-04-2009 ãããäÔ¦ã¾ããú (¹ãÆãÀâãä¼ãã ÍãñÓã) 1923.41 (Opening Balance) 1923.41 ÌãÓãà ãñ ªãõÀã¶ã ÔãâÌã£ãöã (¶ãà ã¶ããÃã ãããäÔ¦ã¾ããú) 3126.83 Additions (Fresh NPAs) during the year 3126.83 ¹ã-¾ããñØã (ã) 5050.24 Sub-total (A) 5050.24 Üããú : Less:- i. ¸ã¾ã¶ã 547.82 (i) Up gradations 547.82 ii. ÌãÔãîãäÊã¾ããú (¸ã¾ã¶ã ãäã Øã ãã¦ããò ½ãò Ôãñ (ii) Recoveries (excluding recoveries ããè Øãà ÌãÔãîãäÊã¾ããò ããñ ãñ¡ãÀ) 502.78 made from upgraded accounts) 502.78 iii. ºãáñ ãã¦ãñ ½ãò ¡ãÊããè Øãà Àã½ã 388.56 (iii) Write-offs 388.56 ¹ã-¾ããñØã (ãã) 1439.16 Sub-total (B) 1439.16 31-03-2010 ãñ ãäÊã ÔããÊã ã¶ããÃã Gross NPAs as on 31.03.2010 ãããäÔ¦ã¾ããú (Ôã½ãã¹ã¶ã ÍãñÓã) (ã-ãã) 3611.08 (closing balance) (A-B) 3611.08 IV. ãäÌãªñÍããè ãããäÔ¦ã¾ããú, ã¶ããÃã ãããäÔ¦ã¾ããú ããõÀ ÀããÔÌã IV OVERSEAS ASSETS, NPAs AND REVENUE Particulars Amount in Rs.Crores ãäÌãÌãÀ¥ã Àã½ã Á.ãÀãñ¡ãò Total Assets 9352.27 ãìÊã ãããäÔ¦ã¾ããú 9352.27 ãìÊã ã¶ããÃã ãããäÔ¦ã¾ããú 169.41 Total NPAs 169.41 ãìÊã ÀããÔÌã 460.81 Total Revenue 460.81 V OFF-BALANCE SHEET SPVs SPONSORED (WHICH V. ¦ãìÊã¶ã ¹ã¨ã ¦ãÀ ¹ãÆã¾ããñãäã¦ã Ôã¹ããèÌããè (ãäã¶ããã Êãñããâã¶ã ARE REQUIRED TO BE CONSOLIDATED AS PER ½ãã¶ãª¥¡ãò ãñ ã¶ãìÔããÀ Ôã½ãñãäã¦ã ãäã¾ãã ãã¶ãã ã¹ãñãäàã¦ã Öõ) ACCOUNTING NORMS) ¹ãÆã¾ããñãäã¦ã Ôã¹ããèÌããè ãã ¶ãã½ã Name of the SPV sponsored ªñÍããè¾ã ãäÌãªñÍããè Domestic Overseas Íãã Íãã NIL NIL 11 ¦ãìÊã¶ã㦽ãã ããâãü¡ñ 11 Comparative Figures ãä¹ãÊãñ ÌãÓãà ãñ ããâãü¡ãò ããñ, ãÖãú ãÖãé ããÌã;ãã Ôã½ã¢ãã Øã¾ãã, Previous years figures have been regrouped ¹ãì¶ã: Ôã½ãîãäÖ¦ã / ¹ãì¶ã̾ãÃÌããäÔ©ã¦ã ãäã¾ãã Øã¾ããý / rearranged wherever necessary.
114 ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ¶ã㪠¹ãÆÌããÖ ãäÌãÌãÀ¥ã 31-03-2010 ããñ Ôã½ã㹦ã ÌãÓãà ãñ ãäÊã ¶ã㪠¹ãÆÌããÖ ãäÌãÌãÀ¥ã Á. ÖããÀãò ½ãò 31.3.2010 ããñ Ôã½ã㹦ã ÌãÓãà 31.3.2009 ããñ Ôã½ã㹦ã ÌãÓãà ¹ããäÀÞããÊã¶ãØã¦ã Øããä¦ã-ãäÌããä£ã¾ããú ãã¾ã ããäãæ㠺¾ããã 102 45 77 35 96 41 40 33 㶾ã ãã¾ã 11 66 27 67 114 12 05 02 15 27 32 68 111 68 73 01 ̾ã¾ã Ìã ¹ãÆãÌã£ãã¶ã ¹ãƪ§ã º¾ããã 66 84 71 82 64 67 13 74 ¹ããäÀÞããÊã¶ãØã¦ã ̾ã¾ã Ìã ¹ãÆãÌã£ãã¶ã 23 54 73 77 90 39 45 59 18 40 75 23 83 07 88 97 ¹ããäÀÞããÊã¶ãØã¦ã ªñ¾ã¦ããããò ããõÀ ãããäÔ¦ã¾ããò ½ãò ¹ããäÀÌã¦ãöããò ãñ ¹ãƼããÌã ãñ ¹ãÖÊãñ ¹ããäÀÞããÊã¶ãØã¦ã Øããä¦ã-ãäÌããä£ã¾ããò ¹ãÀ ¶ã㪠ããè ãä¶ãÌãÊã Ìãðãä® 23 72 59 43 28 60 84 04 ¹ããäÀÞããÊã¶ããò Ôãñ Ôããäãæ㠶ããªãè Êãã¼ã 23 72 59 43 28 60 84 04 ¹ããäÀÞããÊã¶ãØã¦ã ªñ¾ã¦ããããò ããõÀ ãããäÔ¦ã¾ããò Ôãñ ¶ããªãè ºãÖãÌã ¹ããäÀÞããÊã¶ãØã¦ã ªñ¾ã¦ããããò ¹ãÀ ãä¶ãÌãÊã Ìãðãä® / ÖÆãÔã i) ØãÆãÖããò Ôãñ ãä¶ãàãñ¹ã 106 78 82 15 157 90 30 68 ii) ºãöããò Ìã ãäÌã§ããè¾ã ÔãâÔ©ããããò Ôãñ £ããÀ -24 37 38 05 1 94 63 61 iii) 㶾㠹ããäÀÞããÊã¶ãØã¦ã ªñ¾ã¦ããâ ããõÀ ¹ãÆãÌã£ãã¶ã -5 62 18 53 -10 98 85 45 76 79 25 57 148 86 08 84 ¹ããäÀÞããÊã¶ãØã¦ã ãããäÔ¦ã¾ããò ¹ãÀ ãä¶ãÌãÊã Ìãðãä®/ÖÆãÔã (i) ãäÌããä¶ã£ãã¶ã 64 88 45 55 27 40 73 03 (ii) ØãÆãÖããò ããñ ããäØãƽã 41 18 65 31 144 83 45 17 (iii) 㶾ã ãããäÔ¦ã¾ããú 6 54 93 62 112 62 04 48 2 79 63 80 175 03 82 00 ¹ããäÀÞããÊã¶ãØã¦ã ãããäÔ¦ã¾ããò Ôãñ ¹ããäÀÞããÊã¶ãØã¦ã -35 82 78 91 -26 17 73 16 ªñ¾ã¦ããããò ½ãò ãä¶ãÌãÊã Ìãðãä® ¹ããäÀÞããÊã¶ãØã¦ã Øããä¦ã-ãäÌããä£ã¾ããò Ôãñ ¶ã㪠¹ãÆÌããÖ (ã) -12 10 19 48 2 43 10 88 ãäÌããä¶ã£ãã¶ã Ôãâºãâ£ããè Øããä¦ã-ãäÌããä£ã¾ããñâ Ôãñ ¶ã㪠¹ãÆÌããÖ (i) ãÞãÊã ãããäÔ¦ã¾ããò ããè ãäºãããè / ãä¶ã¹ãã¶ã 20 94 69 1 42 08 95 (ii) ãÞãÊã ãããäÔ¦ã¾ããò ããè ãÀãèª -1 52 99 69 -2 32 15 56 ãäÌããä¶ã£ãã¶ã Ôãâºãâ£ããè Øããä¦ã-ãäÌããä£ã¾ããò Ôãñ ãä¶ãÌãÊã ¶ã㪠¹ãÆÌããÖ (ãã) -1 32 05 00 -90 06 61 ãäÌ㦦ã¹ããñÓã¥ã Ôãâºãâ£ããè Øããä¦ã-ãäÌããä£ã¾ããò Ôãñ ¶ã㪠¹ãÆÌããÖ ãâ¦ãÌããÃÖ (i) ã¾ãÀ I / ã¾ãÀ II ºããú¡ãò Ôãñ £ã¶ããØã½ã 11 00 00 00 9 55 30 00
115 ºããäÖÌããÃÖ (i) ã¾ãÀ II ºããú¡ãò Ôãñ Íããñ£ã¶ã 1 75 00 00 (ii) ã¾ãÀ II ¹ãîúããè ¹ãÀ ¹ãƪ§ã º¾ããã 3 93 19 13 3 04 67 61 (iii) ¹ãƪ§ã Êãã¼ããâÍã 2 86 82 49 2 23 08 61 8 55 01 62 5 27 76 22 ãäÌã§ã¹ããñÓã¥ã Ôãâºãâ£ããè Øããä¦ã-ãäÌããä£ã¾ããò Ôãñ ãä¶ãÌãÊã ¶ã㪠¹ãÆÌããÖ () 2 44 98 38 4 27 53 78 ÌãÓãà ãñ ªãõÀã¶ã ãìÊã ¶ã㪠¹ãÆÌããÖ (ã+ãã+) -10 97 26 10 5 80 58 05 ÌãÓãà ãñ ããÀ½¼ã ½ãò ÍãñÓã ¼ãã.ãäÀ.ºãöã ãñ Ôãã©ã ¶ããªãè Ìã ÍãñÓã 59 40 44 42 91 24 23 28 ºãöããò ãñ Ôãã©ã ÍãñÓã ¦ã©ãã ½ããúØ㠳̾ã 49 81 45 75 109 21 90 17 12 17 08 84 103 41 32 12 ÌãÓãà ãñ ãâ¦ã ½ãò ÍãñÓã ¼ãã.ãäÀ.ºãöã ãñ Ôãã©ã ¶ããªãè Ìã ÍãñÓã 76 66 44 72 59 40 44 42 ºãöããò ãñ Ôãã©ã ÍãñÓã ¦ã©ãã ½ããúØ㠳̾ã 21 58 19 35 98 24 64 07 49 81 45 75 109 21 90 17 ÌãÓãà ãñ ªãõÀã¶ã ãìÊã ¶ã㪠¹ãÆÌããÖ -10 97 26 10 5 80 58 05 ¾ãÖ ãäÌãÌãÀ¥ã ¹ãƦ¾ãàã ¹ã®ãä¦ã ãñ ã¶ãìÔããÀ ¦ãõ¾ããÀ ãäã¾ãã Øã¾ãã Öõ ý
ºããè.Ôã.ãñÍãÌã½ãîãä¦ãà Ôã..¼ã ½ãÖã ¹ãƺãâ£ãã 㣾ãàã Ìã ¹ãƺãâ£ã ãä¶ãªñÍãã
Êãñãã-¹ãÀãèàãããò ãã ¹ãƽãã¥ã ¹ã¨ã
Ö½ã, ã£ããñÖÔ¦ããÀã¦ããÃ-Øã¥ã, ã䥡¾ã¶ã ããñÌãÀÔããèã ºãöã ãñ ÔããâãäÌããä£ãã ãò³ãè¾ã Êãñãã-¹ãÀãèàãããò ¶ãñ 31/03/2010 ããñ Ôã½ã㹦ã ÌãÓãà ãñ ãäÊã ºãöã ãñ ã¦ã ¶ããªãè-¹ãÆÌããÖ ãäÌãÌãÀ¥ã ããè ããúÞã ããè Öõ ý ¾ãÖ ãäÌãÌãÀ¥ã Ôãùã ãÔÞãòã ãñ Ôãã©ã ÔãîÞããèºã® 㥡 32 ããè ã¹ãñàããããò ãñ ã¶ãì¹ã Ìã ºãöã ãñ Ôãâºãâãä£ã¦ã ¦ãìÊã¶ã- ¹ã¨ã ããõÀ Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ããñ ãäã ¼ããÀ¦ã ãñ ÀãÓȹããä¦ã ããñ Ôããè ãä¦ããä©ã ¹ãÀ ªãè Øã¾ããè Ö½ããÀãè ãäÀ¹ããñà ´ãÀã ããÌããäÀ¦ã Öõ, ãñ ã¶ãìÔããÀ Ìã Ôã ¹ãÀ ãã£ãããäÀ¦ã Öõ ý
ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ¹ã¶ããè Ìã½ããà ñ¥¡ Ìã½ããà ¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ô㶦ãã¶ã½ã
¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã ½ã.¼ããÔãÀ ÀãÌã ñ¥¡ ãâ¹ã¶ããè ãä½ã§ãÊã Øã칦ãã ñ¥¡ ãâ¹ã¶ããè
Ô©ãã¶ã : Þãñ¸ãõ ã䪶ããâã : 29- 04. 2010
116 Indian Overseas Bank Cash Flow Statement Statement of Cash Flow for the year ended 31.03.2010
(Rs. in 000s)
Year ended 31.03.2010 Year ended 31.03.2009
Operating Activities Income Interest Earned 102 45 77 35 96 41 40 33 Other Income 11 66 27 67 114 12 05 02 15 27 32 68 111 68 73 01 Expenditure & Provisions Interest Paid 66 84 71 82 64 67 13 74 Operating Expenses & Provisions 23 54 73 77 90 39 45 59 18 40 75 23 83 07 88 97 Net Increase of cash on operating activities prior to the effect of changes in Operating Liabilities & Assets 23 72 59 43 28 60 84 04 Cash Profit generated from Operations 23 72 59 43 28 60 84 04 Cash Flow from operating Liabilities & Assets Net Increase / Decrease in Operating Liabilities i) Deposits from Customers 106 78 82 15 157 90 30 68 ii) Borrowings From Banks & Financial Institutions -24 37 38 05 1 94 63 61 iii) Other Operating Liabilities & Provisions -5 62 18 53 -10 98 85 45 76 79 25 57 148 86 08 84 Net increase / decrease in Operating Assets i) Investments 64 88 45 55 27 40 73 03 ii) Advances to customers 41 18 65 31 144 83 45 17 iii) Other Assets 6 54 93 62 112 62 04 48 2 79 63 80 175 03 82 00 Net Increase in Operating Liabilities over Operating Assets -35 82 78 91 -26 17 73 16 CASH FLOW FROM OPERATING ACTIVITIES (A) -12 10 19 48 2 43 10 88 Cash Flow from Investing Activities i) Sale / disposal of Fixed Assets 20 94 69 1 42 08 95 ii) Purchase of Fixed Assets -1 52 99 69 -2 32 15 56 NET CASH FLOW FROM INVESTING ACTIVITIES (B) -1 32 05 00 -90 06 61 CASH FLOW FROM FINANCING ACTIVITIES Inflow i) Proceeds of Tier I & Tier II Bonds 11 00 00 00 9 55 30 00 Outflow i) Redemption of Tier II Bonds 1 75 00 00 ii) Interest Paid on Tier II Capital 3 93 19 13 3 04 67 61 iii) Dividend Paid 2 86 82 49 2 23 08 61 8 55 01 62 5 27 76 22 NET CASH FLOW FROM FINANCING ACTIVITIES (C) 2 44 98 38 4 27 53 78 TOTAL CASH FLOW DURING THE YEAR (A) +(B) + (C) -10 97 26 10 5 80 58 05
117 Balances at the Beginning of the year Cash & Balances with RBI 59 40 44 42 91 24 23 28 Balances with Banks & Money at Call 49 81 45 75 109 21 90 17 12 17 08 84 103 41 32 12 Balances at the end of the year Cash & Balances with RBI 76 66 44 72 59 40 44 42 Balances with Banks & Money at Call 21 58 19 35 98 24 64 07 49 81 45 75 109 21 90 17 TOTAL CASH FLOW DURING THE YEAR -10 97 26 10 5 80 58 05
This Statement has been made prepared in accordance with Direct Method.
B.S. Keshavamurthy S.A.Bhat General Manager Chairman & Managing Director
AUDITORS CERTIFICATE We , the undersigned Statutory Central Auditors of Indian Overseas Bank have verified the above Cash Flow Statement of the Bank for the year ended 31.03.2010 . The Statement has been prepared in accordance with the requirement of Clause 32 , of the Listing agreement with the Stock Exchange and is based on and in agreement with the corresponding Profit and Loss Account and the Balance Sheet of the Bank, covered by our report of even date to The President of India .
Om Agarwal & Co Varma & Varma PKF Sridhar & Santhanam
Bhaskaran & Ramesh M Bhaskara Rao & Co Mittal Gupta & Co
Place : Chennai Date : 29.04.2010
118 ããä¦ããäÀã¦ã ¹ãÆããèãÀ¥ã ADDITIONAL DISCLOSURES ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã, ½ã콺ãà ´ãÀã ããÀãè ãäã Øã ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ In accordance with the guidelines issued by Reserve Bank of India, Mumbai, under New Capital Adequacy Ԧ㽼ã III ããè ã¹ãñàããããò ãñ ¦ãÖ¦ã ã䪶ããâã 27-04-2007 ããè ¶ãà ¹ãîâããè Framework (Basel II) dated 27.04.2007 under Pillar ¹ã¾ããù¦ã¦ãã ¹ãÀñãã (ºãñÔãÊã II) ãñ ¦ãÖ¦ã ãä¶ã£ããÃãäÀ¦ã ¹ãÆã¹ã ãñ ã¶ãìÔããÀ III requirement, the following disclosures are made ãä¶ã½¶ããäÊããäã¦ã ¹ãÆããèãÀ¥ã ãäã ãã¦ãñ Ööý as per the specified Formats: ããñãäã½ã ¹ãƺãâ£ã¶ã RISK MANAGEMENT Banks assume various types of risks in its activities ãäÌããä¼ã¶¸ã ¹ãÆããÀ ããè ÔãñÌããâ ¹ãƪã¶ã ãÀ¦ãñ Ôã½ã¾ã ã¹ã¶ããè Øããä¦ããäÌããä£ã¾ããò ½ãò ºãöã while providing different kinds of services. As such, ãà ¹ãÆããÀ ãñ ããñãäã½ã Êãñ¦ãñ Ööý ããñãäã½ã Êãñ¶ãã ºãöãäãâØã ããÀãñºããÀ ãã ããä¼ã¸ã risk taking is an integral part of the banking business. In the normal course of business, a bank is exposed ãâØã Öõý Ôãã½ã㶾ã ããÀãñºããÀ ãñ ªãõÀã¶ã ºãöã ããñ Ôã ¹ãÆããÀ ãñ £ããÀ ããñãäã½ã, to various risks including Credit Risk, Market Risk ºããããÀ ããñãäã½ã ããõÀ ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã ãõÔãñ ããñãäã½ã ã¶ãã ¹ãü¡¦ãã and Operational Risk. With a view to managing such Öõý ñÔããè ããñãäã½ããò ãã ¹ãƼããÌããè ¹ã Ôãñ ¹ãƺãâ£ã¶ã ãÀ¶ãñ ãñ ãäÊã ããõÀ ã¹ã¶ããè risks efficiently and strengthening its risk management systems, the bank has put in place various risk ããñãäã½ã ¹ãƺãâ£ã¶ã ¹ãÆ¥ãããäÊã¾ããò ããñ ÔãìÒ¤ ãÀ¶ãñ ãñ ãäÊã ºãöã ¶ãñ ãà ããñãäã½ã management measures and practices which includes ¹ãƺ㶣ã¶ã ¹ãã¾ã ããõÀ ¹ã®ãä¦ã¾ããú ¦ãõ¾ããÀ ããè Öö ãäã¶ã½ãò ¶ããèãä¦ã¾ããâ, Ôãã£ã¶ã, ¦ãã¶ããèã, policies, tools, techniques, monitoring mechanism and ¹ãƺããñ£ã¶ã ¦ãâ¨ã ããõÀ ¹ãƺ㶣ã¶ã ÔãîÞã¶ãã ¹ãÆ¥ãããäÊã¾ããú (½ãããÔã) Íãããä½ãÊã Ööý management information systems (MIS). The Bank, on a continuous basis, aims at enhancing ºãöã ãä¶ãÀâ¦ãÀ ãã£ããÀ ¹ãÀ ããñãäã½ã ããõÀ ¹ãÆãä¦ãÊãã¼ã ãñ ºããèÞã ¹ã¾ãìã¦ã ¦ããÊã½ãñÊã and maximizing the shareholder values through ¹ãÆ㹦ã ãÀ¶ãñ ãñ ããäÀ Íãñ¾ãÀ£ããÀããò ãñ ½ãîʾããò ããñ ããä£ãã¦ã½ã ãÀ¶ãñ ããõÀ achieving appropriate trade off between risks and returns. The Banks risk management objectives ºãü¤ã¶ãñ ãã Êãà¾ã Àã¦ãã Öõý ºãöã ãñ ããñãäã½ã ¹ãƺãâ£ã¶ã ãñ ÿñ;ããò ½ãò ããñãäã½ã broadly covers proper identification, measurement, ããè ãäÞã¦ã ¹ãÖÞãã¶ã, Ôãñ ½ãã¹ã¶ãã, ¹ãƺããñ£ã¶ã, ãä¶ã¾ãâ¨ã¥ã ããõÀ Ôããã Íã½ã¶ã monitoring, control and mitigation of the risks with a ãÀ¶ãã Íãããä½ãÊã Öõ ¦ãããäã ºãöã ããè Ôã½ãØãÆ ããñãäã½ã ãä¹ãÊããùÔã¹ããè ããñ ¹ãÆãä¦ã¹ããã䪦ã view to enunciate the banks overall risk philosophy. The risk management strategy adopted by the bank ãäã¾ãã ãã Ôããñý ºãöã ´ãÀã ã¹ã¶ããà Øãà ããñãäã½ã ¹ãƺãâ£ã¶ã À¥ã¶ããèãä¦ã ããñãäã½ããò is based on an understanding of risks and the level ããè Ô¹ãÓ Ôã½ã¢ã ããõÀ ããñãäã½ã ããè ÌãÖ¶ã àã½ã¦ãã ãñ Ô¦ãÀ ¹ãÀ ãã£ãããäÀ¦ã Öõý of risk appetite of the bank. Risk appetite parameters ããñãäã½ã ÌãÖ¶ã àã½ã¦ãã ãñ ½ãã¶ãª¥¡ Ôãã½ã㶾ã¦ã: ããñãäã½ã Ôããè½ãã ãñ ¹㠽ãò are normally expressed in terms of risk limits. Banks risk appetite is demonstrated through prescription of ̾ãã¦ã ãäã ãã¦ãñ Ööý ºãöã ããè ããñãäã½ã ÌãÖ¶ã àã½ã¦ãã ããñãäã½ã ¹ãƺãâ£ã¶ã Ôãñ risk limits in various policies relating to risk Ôãâºãâãä£ã¦ã ãäÌããä¼ã¸ã ¶ããèãä¦ã¾ããò ½ãò ããñãäã½ã Ôããè½ããããò ãñ ¹ãã¾ããò ãñ ããäÀ ¹ãƪãäÍãæã management. Öãñ¦ãñ Ööý The bank has set up appropriate risk management organization structure in the bank. Risk Management ºãöã ¶ãñ ¹ã¾ãìã¦ã ããñãäã½ã ¹ãƺãâ£ã¶ã ÔãâØã¶ã ¹ãÀñãã ºãöã ½ãò Ô©ãããä¹ã¦ã ãÀ Êããè Committee of the Board (RMCB), a sub-committee Öõý ãä¶ãªñÍãã ½ãâ¡Êã ããè ã ¹ã-Ôããä½ããä¦ã, ããñãäã½ã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã Øããä¦ã of the Board, is constituted which is responsible for management of credit risk, market risk, operational ããè Øãà Öõ ããñ ºãöã ½ãò ¨ãÉ¥ã ããñãäã½ã, ̾ãã¹ããÀ ããñãäã½ã, ¹ããäÀÞããÊã¶ã ããñãäã½ã risk and other risks in the Bank. The bank has also ããõÀ 㶾ã ããñãäã½ããò ãñ ¹ãƺãâ£ã¶ã ãñ ãäÊã ¦¦ãÀªã¾ããè Öõý ºãöã ¶ãñ £ããÀ constituted internal risk management committees ããñãäã½ã ¹ãƺ㶣ã¶ã ãñ ãäÊã ¨ãɥ㠶ããèãä¦ã Ôããä½ããä¦ã (Ôããè¹ããèÔããè), ºããããÀ ããñãäã½ã namely Credit Policy Committee (CPC) for managing credit risk, Asset Liability Management Committee ¹ãƺ㶣ã¶ã ãñ ãäÊã ãããäԦ㠪ñ¾ã¦ãã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã (ÊãÔããèããñ) ããõÀ ¹ããäÀÞããÊã¶ã (ALCO) for managing market risk and Operational ããñãäã½ã ¹ãƺ㶣ã¶ã ãñ ãäÊã ¹ããäÀÞããÊã¶ã ããñãäã½ã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã ãñ ¶ãã½ã Ôãñ Risk Management Committee for managing ããâ¦ããäÀã ããñãäã½ã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã¾ããú ¼ããè Øããä¦ã ããè Ööý operational risk. A full fledged Risk Management department is ºãöã ½ãò ¦ãðÓ ããñãäã½ã ¹ãƺãâ£ã¶ã ¹ãÆ¥ããÊããè ããõÀ ̾ãÌãÖãÀ ãñ §ã½ã ãã¾ããöÌã¾ã¶ã functioning at the Banks Central Office, independent ãñ ãäÊã ºãöã ãñ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ½ãò ã ¹ãî¥ãùãñ¥ã ããñãäã½ã ¹ãƺãâ£ã¶ã of the business departments for implementing best risk management systems and practices in the bank. ãäÌã¼ããØã ãã¾ãÃÀ¦ã Öõ ããñ ããÀãñºããÀ ãäÌã¼ããØããò Ôãñ ãÊãØã Öõý ºãöã ãñ ½ãÖã ¹ãƺãâ£ãã A Chief Risk Officer in the rank of General Manager ããè Ñãñ¥ããè ½ãò ã ½ãì¾ã ããñãäã½ã ããä£ãããÀãè Ôã ãäÌã¼ããØã ãñ ¹ãƼããÀãè Öö ããñ ºãöã of the bank is in charge of the department who is ½ãò ããñãäã½ã ¹ãƺãâ£ã¶ã ¹ãÀ Ôã½ãØãÆ ¹ã¾ãÃÌãñàã¥ã ãñ ãäÊã ¦¦ãÀªã¾ããè Ööý Ôããñ responsible for overall supervision on risk management in the bank. In addition, the Mid-Office ããä¦ããäÀã¦ã ÈñÍãÀãè (ªñÍããè¾ã) ããõÀ ÈñÍãÀãè (ãäÌãªñÍããè) ããõÀ £ããÀ Ôã½ã©ãöã in Treasury (Domestic) and Treasury (Foreign) and ÔãñÌãã ãäÌã¼ããØã ¼ããè ããñãäã½ã ¹ãƺãâ£ã¶ã ãã¾ãà ãÀ¦ãñ Öö ããñ ¶ããèãä¦ã¾ããò ãñ ¹ããÊã¶ã / Credit Support Services Dept. also carry out the risk management functions and monitor the adherence/
119 ã¶ãì¹ããÊã¶ã, ããñãäã½ã Ôããè½ãã ¹ãÆñ½ãÌããà ããõÀ ã㶦ããäÀã ã¶ãì½ããñª¶ããò ãñ ¹ãƺããñ£ã¶ã compliance to policies, risk limit framework and ãñ ãäÊã ãäã½½ãñªãÀ Ööý internal approvals. The bank has implemented the New Capital Adequacy ºãöã ¶ãñ 31.03.2008 Ôãñ ¶ãà ¹ãîâããè ¹ã¾ããù¦ã¦ãã ¹ãÀñãã (ºãñÔãÊã II) ããñ Framework (Basel-II) with effect from 31.3.2008 and ãã¾ããÃãä¶Ìã¦ã ããè Öõ ããõÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã Ôã½ã¾ã Ôã½ã¾ã ¹ãÀ ããÀãè is in compliance with the framework, in line with the ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìã½ã ½ãò ¦ãõ¾ããÀ ¹ãÀñãã ãñ ã¶ãìÔããÀ Ôããã ã¶ãì¹ããÊã¶ã guidelines issued by the RBI from time to time. The Basel-II Framework is based on three mutually ãäã¾ãã Øã¾ãã Öõý ºãñÔãÊã II ¹ãÆñ½ãÌããà ¦ããè¶ã ¹ãÀÔ¹ãÀ ¹ãì¶ãºãÃãäÊã¦ã Ԧ㽼ããò ¹ãÀ ãã£ãããäÀ¦ã reinforcing pillars. While the first pillar of the revised Öõý ¹ããäÀÍããñãä£ã¦ã ¹ãÆñ½ãÌããà ãã ¹ãÖÊãã Ԧ㽼㠣ããÀ, ºããûããÀ ããõÀ ¹ããäÀÞããÊã¶ã framework addresses the minimum capital ããñãäã½ã ãñ ãäÊã ¶¾ãî¶ã¦ã½ã ¹ãîâããè ããÌã;ãã¦ãã ãã Ôã½ãã£ãã¶ã ãÀ¦ãã Öõ ¦ããñ requirement for credit, market and operational risks, ¹ã¾ãÃÌãñàããè ¹ãì¶ãÀãèàã¥ã ¹ãÆãäã¾ãã ãã ªîÔãÀã Ԧ㽼ã Ôãìãä¶ããäÍÞã¦ã ãÀ¦ãã Öõ ãäã ã¹ã¶ãñ the second pillar of supervisory review process ããñãäã½ã ¹ãÆãñ¹ããÊã ããõÀ ãä¶ã¾ãâ¨ã¥ã ¹ããäÀÌãñÍã ãñ ã¶ãì¹ã ã¹ã¶ãñ ããÀãñºããÀ Ôãñ ensures that the bank has adequate capital to address all the risks in their business commensurate ãì¡ñ Ôã¼ããè ¹ãÆããÀ ãñ ããñãäã½ããò ããñ Ôãâ¼ããÊã¶ãñ ãñ ãäÊã ºãöã ãñ ¹ããÔã ¾ã©ãñÓ with banks risk profile and control environment. As ¹ãîâããè Öõý ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ããè ã¹ãñàãã ã¶ãìÔããÀ ºãöã ¶ãñ ããâ¦ããäÀã ¹ãîúããè per RBIs requirement, the Bank has put in place a ¹ã¾ããù¦ã¦ãã ãããÊã¶ã ¹ããäã¾ãã (ããÔããè¹ããè) ¹ãÀ ºããñ¡Ã ´ãÀã ã¶ãì½ããñã䪦㠶ããèãä¦ã Board approved Policy on Internal Capital Adequacy ããñ ¦ãõ¾ããÀ ãäã¾ãã Öõ ¦ãããäã ªîÔãÀñ Ô¦ãâ¼ã ããè ããÌã;ãã¦ããããò ããñ ¹ãîÀã ãäã¾ãã ãã Assessment Process (ICAAP) to address second Ôããñý Ôã ¶ããèãä¦ã ãã ÿñ;㠹ãÆ©ã½ã Ô¦ãâ¼ã ãñ ããñãäã½ããò ¦ãÖ¦ã ãäÌããä¶ã¾ãã½ãã pillar requirements. This policy aims at assessing all material risks to which the bank is exposed over ãä¶ã£ããÃÀ¥ããò Ôãñ ããä£ãã Ìã ¹ãÀ ãñ ¶ã Ôã¼ããè ¼ããõãä¦ãã ããñãäã½ããò ãã ½ãîʾããâã¶ã and above the regulatory prescriptions under the first ãÀ¶ãã Öõ ããñ ºãöã ããñ ã¶ãñ ¹ãü¡ Ôãã¦ãñ Öö ããõÀ Ôã¦ã¦ã ãã£ããÀ ¹ãÀ ããÌã;ãã¦ããããò pillar risks, and ensuring adequate capital structure ããñ ¹ãîÀã ãÀ¶ãñ ãñ ãäÊã ¹ã¾ããù¦ã ¹ãîâããè ÔãâÀÞã¶ãã Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãã Öõý to meet the requirements on an ongoing basis. ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãì¹㠦ã¶ããÌã ããâÞã The bank has formulated a Stress Testing framework Ôãâºãâ£ããè ¹ãÀñãã ¦ãõ¾ããÀ ããè Öõ ãäãÔãÔãñ ã¹ãÌããªÔÌã¹ã ãä㶦ãì Ôãâ¼ãã̾ã Üã¶ããããò in line with the RBI guidelines to assess the potential vulnerability of the organization to exceptional but ãñ ¹ãÆãä¦ã ÔãâØã¶ã ããè Ôãâ¼ãã̾ã ÔãâÌãñª¶ãÍããèÊã ãäÔ©ããä¦ã ãã ¹ã¦ãã ÊãØãã¾ãã ãã Ôããñý plausible events. Stress testing and scenario analysis, ¦ã¶ããÌã ¹ãÀãèàã¥ã ããõÀ ¹ããäÀÒ;ã ãäÌãÍÊãñÓã¥ã, ãäÌãÍãñÓã¦ã: ºãöã ãñ ¼ããõãä¦ãã ããñãäã½ã particularly in respect of the banks material risk ãÔã¹ããñãÀ ãñ Ôãâºãâ£ã ½ãò, ãããä©ãÃã ½ãâªãè ãñ Ôã½ã¾ã ½ãò ãäãÔããè ¹ããñùããñãäÊã¾ããñ ½ãò exposure, enable identification of potential risks ãä¶ããäÖ¦ã Ôãâ¼ãããäÌã¦ã ããñãäã½ã ããè ¹ãÖÞãã¶ã ãÀ¶ãñ ããõÀ ¦ãª¶ãìÔããÀ Ôããã ãä¶ãÀããÀ¥ã inherent in a portfolio at times of economic recession and accordingly take suitable steps to address the ãÀ¶ãñ ãñ ãäÊã ãäÞã¦ã ¹ãã¾ã ãÀ¶ãñ ½ãò ÔãÖã¾ãã Öãñ¦ãã Öõý ¶ããèãä¦ãØã¦ã ¹ãã¾ããò ãñ same. In accordance with the policy prescriptions, ã¶ãìÔããÀ ºãöã ããÌããä£ãã ¹ã Ôãñ ºãöã ãñ ¦ãìÊã¶ã-¹ã¨ã ¹ãÀ ãäÌããä¼ã¸ã ¦ã¶ããÌã ¹ãÀãèàã¥ã the bank carries out various stress tests on banks ãÀ¦ãã Öõ ããõÀ ããÊããñ / ããÀ½ãÔããèºããè / ºããñ¡Ã ããñ ãäÀ¹ããñô ¹ãÆÔ¦ãì¦ã ãÀ¦ãã Öõý balance sheet periodically and place the reports to ALCO / RMCB / Board. ºãñÔãÊã II ¹ãÆñ½ãÌããà ãã ¦ããèÔãÀã Ԧ㽼㠺ããããÀ ã¶ãìÍããÔã¶ã Ôãñ Ôãâºãâãä£ã¦ã Öõý ºããããÀ ã¶ãìÍããÔã¶ã ãã ÿñ;ã, Ԧ㽼ã 1 ãñ ¦ãÖ¦ã ãäÊÊããäã¦ã ¶¾ãî¶ã¦ã½ã ¹ãîâããè The third pillar of Basel-II framework refers to market discipline. The purpose of market discipline is to ããÌã;ãã¦ãã ããõÀ Ԧ㽼ã 2 ãñ ¦ãÖ¦ã ãäÊÊããäã¦ã ¹ã¾ãÃÌãñàããè ¹ãì¶ãÀãèàã¥ã ¹ãÆãäã¾ãã complement the minimum capital requirements ããñ ¹ãîÀã ãÀ¶ãã Öõý Ôã Ôã⪼ãà ½ãò, ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ detailed under Pillar 1 and the supervisory review ã¶ãìÔããÀ ºãöã ½ãò ããñãäã½ã ¹ãƺãâ£ã¶ã ãñ ºããÀñ ½ãò ¦ãããäÊããã ¡ãè¹ã1 Ôãñ 10 process detailed under Pillar 2. In this context and (ÔãâÊãضã) ½ãò ¹ãÆããèãÀ¥ã (½ãã¨ã㦽ãã Ìã Øãì¥ã㦽ãã ªãñ¶ããò) ãã ã Ôãñ as guided by RBI a set of disclosure (both qualitative ¹ãÆãããäÍã¦ã ãäã¾ãã Øã¾ãã Öõ ãäãÔãÔãñ ºããããÀ ãñ ÔãÖ¼ããØããè ã¶ãì¹ãƾããñØã ããè ØãìâããÍã, and quantitative) are published in DF 1 to 10 (annexed) with regard to risk management in the ¹ãîâããè ããñãäã½ã ãÔã¹ããñãÀ ããñãäã½ã ½ãîʾããâã¶ã ¹ãÆãäã¾ãã, ºãöã ããè ããñãäã½ã bank, which will enable market participants to assess ¹ãÆãñ¹ããÊã ããõÀ ¹ãîâããèãÀ¥ã ãñ Ô¦ãÀ ãããäª ãñ ºããÀñ ½ãò ½ãÖ¦Ìã¹ãî¥ãà ÔãîÞã¶ãã ãã key pieces of information on the (1) Scope of ãããÊã¶ã ãÀ Ôããò; (1)ã¶ãì¹ãƾããñØã ããè ØãìâããÍã (¡ãè¹ã-1), (2) ¹ãîâããè application (DF-1), (2) Capital Structure (DF-2), (3) ÔãâÀÞã¶ãã (¡ãè¹ã-2), (3) ¹ãîâããè ¹ã¾ããù¦ã¦ãã (¡ãè¹ã-3), (4) £ããÀ ããñãäã½ã Capital Adequacy (DF-3), (4) Credit Risk: General : Ôãã½ã㶾㠹ãÆããèãÀ¥ã (¡ãè¹ã-4), (5) £ããÀ ããñãäã½ã : ¹ããñùããñãäÊã¾ããñ ãñ Disclosures (DF-4), (5) Credit Risk: Disclosures for Portfolios subject to the Standardised Approach (DF- ãäÊã ¹ãÆããèãÀ¥ã ºãÍã¦ãó ãäã ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã (¡ãè¹ã-5) (6) £ããÀ 5), (6) Credit Risk Mitigation: Disclosures for ããñãäã½ã ã½ã ãÀ¶ãã : ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¹ãÆããèãÀ¥ã (¡ãè¹ã-6) Standardised Approaches (DF-6), (7) Securitisation: (7) ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã: ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ãäÊã ¹ãÆããèãÀ¥ã (¡ãè¹ã- Disclosure for Standardised Approach (DF-7), (8) 7), (8) Èñãä¡âØã ºãìã ½ãò ºããããÀ ããñãäã½ã (¡ãè¹ã-8) (9) ¹ããäÀÞããÊã¶ã Market Risk in Trading Book (DF-8), (9) Operational Risk (DF-9), and (10) Interest Rate Risk in the ããñãäã½ã (¡ãè¹ã-9) ããõÀ (10) ºãöãäãâØã ºãìã ½ãò º¾ããã ªÀ ããñãäã½ã (¡ãè¹ã- Banking Book (IRRBB) (DF-10) etc. This would also 10) ãããäªý ÔãÔãñ ºããããÀ ãñ ÔãÖ¼ãããäØã¾ããò ããñ ãäÌããä¼ã¸ã ½ãã¶ãª¥¡ãò ½ãò ºãöã ãñ provide necessary information to the market ãä¶ãÓ¹ã㪶ã ãã ½ãîʾããâã¶ã ãÀ¶ãñ ãñ ãäÊã ããÌã;ãã ãã¶ãããÀãè ¹ãÆ㹦ã ÖãñØããèý participants to evaluate the performance of the bank in various parameters.
120 ¦ãããäÊããã ¡ãè¹ã-1 Table DF 1 ÊããØãî ãÀ¶ãñ ããè ØãìâããÍã Scope of application Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã Ö½ããÀñ ºãöã ¹ãÀ ¹ãƾããñ¾ã¦ãã Qualitative Disclosures Applicability to Our Bank ã. ãäãÔã Ôã½ãîÖ ¹ãÀ ¹ãÆñ½ãÌããà ÊããØãî Öãñ¦ããè Öõ ºãöã ãäãÔããè ¼ããè ÌãØãà ãã a) The name of the top bank The Bank does not Ôã ÌãØãà ãñ ÔãÌããóÞÞã ºãöã ãã ¶ãã½ã ÔãªÔ¾ã ¶ãÖãé Öõý in the group to which the belong to any Framework applies group. ã. Ôã½ãîÖ ãñ 㶪À ãã¾ããò ãñ Ôãâãäà㹦ã b) An outline of differences in ãäÌãÌãÀ¥ã ÔããäÖ¦ã, ÊãñãããÀ¥ã ããõÀ the basis of consolidation for accounting and ãäÌããä¶ã¾ãã½ãã ÿñ;ããò ãñ ãäÊã Ôã½ãñã¶ã regulatory purposes, with a ãñ ãã£ããÀ ½ãò 㶦ãÀ ããè ¹ãÀñãã (i) ÊããØãî ¶ãÖãéý brief description of the ããñ ¹ãîÀãè ¦ãÀÖ Ôã½ãñãäã¦ã Öö (ii) ããñ entities within the group (i) that are fully consolidated Ôã½ãã¶ãì¹ãããä¦ãã ¹ã Ôãñ Ôã½ãñãäã¦ã Öö (iii) (ii) that are pro-rata Not Applicable ãäã¶ã½ãò ããõ¦ããè ããè Øãà Öõ (iv) ãäã¶Öò consolidated (iii) that are Ôã½ãñãäã¦ã ¶ãÖãé ãäã¾ãã Øã¾ãã Öõ ¶ã Öãè given a deduction treatment; and (iv) that are neither ããõ¦ããè ããè Øãà Öõ (ªã. ãÖãú ãä¶ãÌãñÍã consolidated nor deducted ããñãäã½ã ¼ãããäÀ¦ã Öõ) (e.g. where the investment is risk weighted). ½ãã¨ã㦽ãã ¹ãÆããèãÀ¥ã Quantitative Disclosures Øã. Ôã¼ããè ã¶ãìÓãâØããè ãã¾ããò ½ãò ¹ãîâããè ããè c) The aggregate amount of capital deficiencies in all ã½ããè ããè ãìÊã Àã½ã Ôã½ãñã¶ã ½ãò Íãããä½ãÊã ÊããØãî ¶ãÖãé subsidiaries not included in ¶ãÖãé Öõ ¾ãã¶ããè ãäã¶ãããè ããõ¦ããè ããè Øãà the consolidation i.e. that Not Applicable Öõ ããõÀ ñÔããè ã¶ãìÓãâØããè ãã¾ããò ãñ ¶ãã½ã are deducted and the name(s) of such subsidiaries. Üã. ºããè½ãã ãã¾ããò ½ãò ºãöã ãñ ãìÊã ãäÖ¦ã ããè ¾ãîãä¶ãÌãÔãÃÊã Ôããñ½¹ããñ ã¶ãÀÊã d) The aggregate amounts ããõÔã¦ã Àã½ã (ªãÖÀ¥ã - ÞããÊãî ºãÖãè ¶Í¾ããñÀñ¶Ôã ãâ.ãäÊã. ãõÔãñ (e.g. current book value) of Rs. 28.50 crores by the banks total interests in way of equity ½ãîʾã) ããñ ããñãäã½ã ¼ãããäÀ¦ã Öö ããõÀ ºããè½ãã Ôãâ¾ãìã¦ã ¹ãã½ã ½ãò insurance entities, which subscription in an ¶ããñ ¶ãã½ã, ¶ããñ Íãããä½ãÊã ãäã ãã¶ãñ ÃãäãÌããè ããä¼ãªã¶ã ãñ are risk-weighted as well insurance JV ie. ãã ªñÍã ¾ãã ãä¶ãÌããÔã, ÔÌãããä½ã¦Ìã ãäÖ¦ã ãã ûããäÀ Á.28.50 ãÀãñü¡, as their name, their Universal Sompo ããñ ã¹ã¶ããè ãìÊã ããÀãè ããè country of incorporation or General Insurance ãâÍã ããõÀ ¾ããäª ããñà ãä¼ã¸ã Öõ ¦ããñ ¶ã residence, the proportion Co. Ltd., ãã¾ããò ½ãò ½ã¦ãããä£ãããÀ ãã ãäÖÔÔããý Øãà ¹ãîâããè ãã 19% ãä¶ãÌãñÍã of ownership interest and, representing 19% Ôããñ ããä¦ããäÀã¦ã, Ôã ¹ãÆãäã¾ãã ãñ ¹ãƾããñØã Öõý Ôãñ ÔããèããÀããÀ if different, the proportion of its total issued ºã¶ãã½ã ããõ¦ããè ãã ¹ãƾããñØã ãÀ¶ãñ ãã ¹ããäÀãÊã¶ã Ôãñ î Öõý of voting power in these capital. The same entities.In addition, indicate is excluded from ãäÌããä¶ã¾ãã½ãã ¹ãîâããè ¹ãÀ ½ãã¨ã㦽ãã ¹ãƼããÌã the quantitative impact on CRAR computation. ªÍããÃâý regulatory capital of using this method versus using ¦ãããäÊããã ¡ãè¹ã-2 the deduction. ¹ãîâããè ÔãâÀÞã¶ãã Table DF 2 Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã Ö½ããÀñ ºãöã ¹ãÀ ¹ãƾããñ¾ã¦ãã Capital structure Qualitative Disclosures Applicability to Our Bank
ã. Ôã¼ããè ¹ãîâããè ãäÊãã¦ããò ããè ãäÌãÍãñÓã¦ããããò ºãöã ¹ãÀ ÊããØãî Öõ Þãîâãäã Ö½ã¶ãñ a) Summary information on Applicable to the ããè Íã¦ããô ããõÀ ãä¶ãºãâ£ã¶ããò ¹ãÀ ÔããÀ Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ ¹ãîâããè the terms and conditions of Bank as we raise ÔãîÞã¶ãã, ãäÌãÍãñÓã¦ã: ã¾ãÀ 1 ¾ãã ÞÞã¦ãÀ ããÌã;ãã¦ãã ããñ ¹ãîÀã ãÀ¶ãñ the main features of all both Tier I and Tier capital instruments, ã¾ãÀ 2 ½ãò Ôã½ããÌãñÍã¶ã ãñ ãäÊã ¹ãã¨ã ãñ ãäÊã ºããûããÀ Ôãñ ã¾ãÀ 1 II capital from the especially in the case of market to meet ¹ãîâããè ãäÊãã¦ããò ãñ ½ãã½ãÊãñ ½ãò Ö½ããÀñ ããõÀ ã¾ãÀ 2 ¹ãîâããè ãà capital instruments eligible increase in capital ºãöã ¹ãÀ ¹ãƾããñ¾ã¦ãã Öõý for inclusion in Tier 1 or requirements from in Upper Tier 2 time to time
121 ½ãã¨ã㦽ãã ¹ãÆããèãÀ¥ã Quantitative Disclosures b) The amount of Tier 1 ã. ãä¶ã½¶ããäÊããäã¦ã ãñ ãÊãØã Ôãñ ¹ãÆããèãÀ¥ã capital, with separate ÔããäÖ¦ã ã¾ãÀ 1 ¹ãîâããè ããè Àã½ã: disclosure of:
* ¹ãƪ¦¦ã Íãñ¾ãÀ ¹ãîâããè Á.544.80 ãÀãñü¡ * paid up share capital Rs. 544.80 crore
* ããÀãäàããä¦ã¾ããâ Á.5715.37 ãÀãñü¡ * reserves Rs. 5715.37 crore
* ¶ãÌããñ¶½ãñÓããè ãäÊãã¦ã (ã¾ãÀ 1 ¹ãîâããè Á.780.00 ãÀãñü¡ * innovative instruments Rs. 780.00 crore ºãñãä½ã¾ããªãè ¨ãÉ¥ã ãñ ¹㠽ãâñ) (ÌãÓãà ãñ ªãõÀã¶ã ã Øã (Perpetual Debt Instrument (raised during the as Tier 1 capital) year Rs.300Cr) - Á.300 ãÀãñü¡) * other capital instruments Nil * 㶾㠹ãîâããè ãäÊãã¦ãò Íãã * amounts deducted from Tier Rs. 165.24 crore * ã¾ãÀ 1 ¹ãîâããè Ôãñ ãããè Øãà Àã½ã, Ôããã Á.165.24 ãÀãñü¡ 1 capital, including goodwill ããõÀ ãä¶ãÌãñÍã ããñ ãä½ãÊãã ãÀ and investments c) The total amount of Tier 2 Rs. 4846.28 crore Øã. ã¾ãÀ 2 ¹ãîâããè ããè ãìÊã Àã½ã (ã¾ãÀ 2 Á.4846.28 ãÀãñü¡ capital (net of deductions Rs. 3942.50 crore ¹ãîâããè Ôãñ ããõãä¦ã¾ããò ãã ãä¶ãÌãÊã) Á.3942.50 ãÀãñü¡ from Tier 2 capital) (at discount) (raised during the year (ãä¡Ôãããâ ½ãò) (ÌãÓãà ãñ d) Debt capital instruments Rs.800.00 crores) Üã. ÞÞã¦ãÀ ã¾ãÀ 2 ¹ãîâããè ½ãò Íãããä½ãÊã ãÀ¶ãñ ªãõÀã¶ã ã Øã - eligible for inclusion in ãñ ãäÊã ¹ãã¨ã ¨ãɥ㠹ãîâããè ãäÊãã¦ãò Á.800.00 ãÀãñü¡) Upper Tier 2 capital
* ãìÊã ºããã¾ãã Àã½ã Á.1665.30 ãÀãñü¡ * Total amount outstanding Rs. 1665.30 crores
* ãäãÔã½ãò Ôãñ ÞããÊãî ÌãÓãà ãñ ªãõÀã¶ã Êããè Øãà Á.510.00 ãÀãñü¡ * Of which amount raised Rs. 510.00 crores Àã½ã during the current year * Amount eligible to be * ¹ãîâããèØã¦ã ãä¶ããä£ã¾ããò ãñ ¹㠽ãò ¹ããäÀãÊã¶ã Á.1665.30 ãÀãñü¡ Rs. 1665.30 crores reckoned as capital funds Öñ¦ãì ¹ãã¨ã Àã½ã e) Subordinated debt eligible Þã. ãä¶ã½¶ã¦ãÀ ã¾ãÀ 2 ¹ãîâããè ½ãò Íãããä½ãÊã ãÀ¶ãñ for inclusion in Lower Tier ãñ ãäÊã ¹ãã¨ã Øããõ¥ã ¨ãÉ¥ã 2 capital * Total amount outstanding Rs. 2426.00 crores * ãìÊã ºããã¾ãã Àã½ã Á.2426.00 ãÀãñü¡ * Of which amount raised Rs. 290.00 crores * Ôã½ãò Ôãñ ÞããÊãî ÌãÓãà ãñ ªãõÀã¶ã Êããè Øãà Á.290.00 ãÀãñü¡ during the current year Àã½ã * Amount eligible to be Rs 2277.20 crores * ¹ãîâããèØã¦ã ãä¶ããä£ã¾ããò ãñ ¹㠽ãò ¹ããäÀãÊã¶ã Á.2277.20 ãÀãñü¡ reckoned as capital funds Öñ¦ãì ¹ãã¨ã Àã½ã f) Other deductions from Nil . ¹ãîâããè ½ãò Ôãñ 㶾ã ããõãä¦ã¾ããú, ¾ããäª Öãñ Íãã capital, if any g) Total eligible capital Rs.11721.20 crores ã. ãìÊã ¹ãã¨ã ¹ãîâããè Á.11721.20 ãÀãñü¡
122 ¦ãããäÊããã ¡ãè¹ã-3 Table DF 3 ¹ãîâããè ¹ã¾ããù¦ã¦ãã CAPITAL ADEQUACY Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã: Qualitative disclosures: A summary discussion of the banks approach to Ìã¦ãýãã¶ã ããõÀ ¼ããäÌãÓ¾ãØã¦ã Øããä¦ããäÌããä£ã¾ããò ããñ ãâãã½ã ªñ¶ãñ ãñ ãäÊã ã¹ã¶ããè ¹ãîúããè assessing the adequacy of its capital to support ããè ¹ã¾ããù¦ã¦ãã ãã ãããÊã¶ã ãÀ¶ãñ ãñ ãäÊã ºãöã ãñ Áã ããè ÔããÀãâÍãØã¦ã ÞãÞããÃ: current and future activities: ºãöãäãâØã ¹ã¾ãÃÌãñàã¥ã ¹ãÀ ºãñÔãÊã Ôããä½ããä¦ã ´ãÀã ããÀãè ãäã Øã ¹ãîâããè ¹ã¾ããù¦ã¦ãã Banks in India implemented capital adequacy measures in April 1992 based on the capital ¹ãÆñ½ãÌããà (ºãñÔãÊã I) ããõÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ ããÀãè adequacy framework (Basel-I) issued by the Basel ãäªÍãããä¶ãªóÍããò ãñ ãã£ããÀ ¹ãÀ ã¹ãÆõÊã 1992 ½ãò ¼ããÀ¦ã ãñ ºãöããò ¶ãñ ¹ãîâããè ¹ã¾ããù¦ã¦ãã Committee on Banking Supervision (BCBS) and the ¹ãã¾ã ãã¾ããÃãä¶Ìã¦ã ãäãý ¾ãñ ¹ãã¾ã ºãöããò ãñ ¹ãîâããè ãã£ããÀ ããñ ½ããºãî¦ã ãÀ¶ãñ guidelines issued by Reserve Bank of India (RBI) ããõÀ Ôãã©ã Öãè ¹ãîâããè ¹ã¾ããù¦ã¦ãã ºã¶ãã Àã¶ãñ ãñ ½ãã½ãÊãñ ½ãò 㶦ãÀÀãÓÈãè¾ã ÑãñÓ from time to time. Such a measure was taken in order to strengthen the capital base of banks and at ̾ãÌãÖãÀãò ãã ã¶ãì¹ããÊã¶ã ãÀ¶ãñ ãñ ãäÊã ãäã Øã Ööý ããÀâ¼ã ½ãò ºãñÔãÊã the same time to make it compliant with the ¹ãÆñ½ãÌããà £ããÀ ããñãäã½ã ãñ ãäÊã ¹ãîâããè ããè Ôã½ãÔ¾ãã ªîÀ ãÀ¶ãñ ãñ ãäÊã ©ãã international best practices in the matter maintaining ãäãÔã½ãò ºã㪠½ãò ºããããÀ ããñãäã½ã ãñ ãäÊã ¹ãîâããè ããñ Íãããä½ãÊã ãÀ¶ãñ ãñ ãäÊã capital adequacy. Initially the Basel framework ÔãâÍããñãä£ã¦ã ãäã¾ãã Øã¾ããý ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ããÀãè ãäã ãäªÍãããä¶ãªóÍããò addressed the capital for credit risk, which was subsequently amended to include capital for market ãñ ã¶ãì¹㠺ãöã ¶ãñ ÔãâØã¦ã ãäªÍãããä¶ãªóÍããò ãã ã¶ãì¹ããÊã¶ã ãäã¾ããý risk. In line with the guidelines issued by the RBI the bank was compliant with the relevant guidelines. ºã㪠½ãò ºããèÔããèºããèÔã ¶ãñ 26 ãî¶ã 2004 ããñ ¹ãîâããè ½ãã¶ãããò ããõÀ ¹ãîâããè ½ãã¹ã¶ã ãñ 㶦ãÀÀãÓÈãè¾ã Ôã½¹ããäÀÌã¦ãöã, ã ¹ããäÀÍããñãä£ã¦ã ¹ãÆñ½ãÌããà ããÀãè ãäã¾ããý Subsequently the BCBS released the International Convergence of Capital Measurement and Capital ̾ãã¹ãããäÀã Øããä¦ããäÌããä£ã¾ããò ããõÀ ªìØãì¶ãñ Þãîã ¹ãƼããÌããò ãñ ̾ãÌãÖãÀ ããñ Íãããä½ãÊã Standards: A Revised Framework on June 26, 2004. ãÀ¶ãñ ãñ ãäÊã ¶ãÌãâºãÀ 2005 ½ãò ¹ããäÀÍããñãä£ã¦ã ¹ãÆñ½ãÌããà ããñ ã²ã¦ã¶ã ãäã¾ãã Öõ The Revised Framework was updated in November ããõÀ Ôã ¹ãÆñ½ãÌããà ãñ ̾ãã¹ãã ¹ããâ¦ãÀ ããñ ãî¶ã 2006 ½ãò ããÀãè ãäã¾ãã Øã¾ããý 2005 to include trading activities and the treatment of double default effects and a comprehensive ¶ã ãäªÍãããä¶ãªóÍããò ãñ ãã£ããÀ ¹ãÀ ããõÀ 㶦ãÀÀãÓÈãè¾ã ½ãã¶ãããò ãñ Ôãã©ã ãä¶ãÀ¶¦ãÀ¦ãã version of the framework was issued in June 2006. ¦ã©ãã Ôãã½ãâãԾ㠺ã¶ãã Àã¶ãñ ããè ÒãäÓ Ôãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ¶ãñ 27 ã¹ãÆõÊã Based on these guidelines and to have consistency 2007 ããñ ãäªÍãããä¶ãªóÍã ããÀãè ãäã ããõÀ ºã㪠½ãò ¶ãà ¹ãîâããè ¹ã¾ããù¦ã¦ãã (ºãñÔãÊã and be in harmony with international standards, the II) ¹ãÆñ½ãÌããà ãñ ãã¾ããöÌã¾ã¶ã ãñ ãäÊã Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ ÔãâÍããñ£ã¶ã ãäã Øãý RBI has issued guidelines on 27th April 2007 and subsequent amendments on implementation of the ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãì¹㠺ãöã 31-03-2008 Ôãñ New Capital Adequacy (Basel-II) Framework from time to time. ¹ããäÀÍããñãä£ã¦ã (ºãñÔãÊã II) ¹ãÆñ½ãÌããà ½ãò ãã Þãìãã Öõ ããõÀ ºãñÔãÊã II ¹ãÆñ½ãÌããà ããè ã¹ãñàããããò ãã ã¶ãì¹ããÊã¶ã ãäã¾ãã Øã¾ãã Öõý Ôããñ ããä¦ããäÀã¦ã ¼ããÀ¦ããè¾ã ãäÀûãÌãà In line with the RBI guidelines, the Bank had migrated to the revised (Basel-II) framework from 31.3.2008 ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãì¹㠺ãöã ¶ãñ ãä¶ã£ããÃãäÀ¦ã ãäÀ¹ããñãäÄØã ¹ãÆã¹ã ãñ and continues to be compliant with the requirements ããäÀ ºãñÔãÊã - I ¹ãÆñ½ãÌããà ãã ¹ãƾããñØã ããÀãè Àãã Öõý ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ¶ãñ of Basel-II framework. In addition to this, the bank ããõÀ ããØãñ ÔãîÞã¶ãã ãä½ãÊã¶ãñ ¦ãã Ôã½ãã¶ããâ¦ãÀ ÞããÊã¶ã ããõÀ ãäÌãÌãñã¹ãî¥ãà ½ãã¶ãã continues the parallel run of Basel I framework in ããñ ããÀãè Àã¶ãñ Öñ¦ãì ã䪶ããâãäã¦ã 07 ã¹ãÆõÊã 2010 ãñ ¹ããäÀ¹ã¨ã ãñ ããäÀ terms of the guidelines issued by the RBI through prescribed reporting formats. The RBI has issued ãäªÍãããä¶ãªóÍã ããÀãè ãäã Ööý ºãöã ¶ãñ ¶ã ãäªÍãããä¶ãªóÍããò ãã ¹ãî¥ãæã: ã¶ãì¹ããÊã¶ã directions vide their circular dated 7th April 2010 ãäã¾ãã Öõý continuance of the parallel run and prudential floor until further advice. The Bank is in full compliance ºãñÔãÊã II ¹ãÆñ½ãÌããà £ããÀ ããñãäã½ã, ºããããÀ ããñãäã½ã ããõÀ ¹ããäÀÞããÊã¶ã ããñãäã½ã with these guidelines. ãñ ãäÊã ¹ãîâããè ã¹ãñàããããò ãã ãä¶ã£ããÃÀ¥ã ãÀ¶ãñ ãñ ãäÊã ãà ãäÌããʹ㠹ãƪã¶ã Basel-II Framework provides a range of options for ãÀ¦ãã Öõý ¾ãÖ ¹ãÆñ½ãÌããà ºãöããò ããõÀ ¹ã¾ãÃÌãñàãããò ããñ ã¹ã¶ãñ ¹ããäÀÞããÊã¶ããò ããõÀ determining the capital requirements for credit risk, ãäÌ㦦ããè¾ã ºããããÀ ãñ ãäÊã ¹ã¾ãìã¦ã ÒãäÓããñ¥ã Þãì¶ã¶ãñ ããè ã¶ãì½ããä¦ã ¹ãƪã¶ã market risk and operational risk. The Framework ãÀ¦ãã Öõý ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ããè ã¹ãñàããããò ãñ ã¶ãìÔããÀ ºãöã ¶ãñ ¹ãîâããè ãã allows banks and supervisors to select approaches that are most appropriate for their operations and ¹ããäÀãÊã¶ã ãÀ¶ãñ ãñ ãäÊã £ããÀ ããñãäã½ã ãñ ãäÊã ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã financial markets. In accordance with the RBIs (Ôã), ºããããÀ ããñãäã½ã ãñ ãäÊã ½ãã¶ãã ãÌããä£ã ¹ãÆãñÞã (Ôã¡ãè) ããõÀ requirements, the Bank has adopted Standardised ¹ããäÀÞããÊã¶ã ããñãäã½ã ãñ ãäÊã ½ãîÊã¼ãî¦ã Ôãâãñ¦ãã ÒãäÓããñ¥ã (ºããèãã) ã¹ã¶ãã¾ãã Approach (SA) for credit risk, Standardised Duration Approach (SDA) for market risks and Basic Indicator
123 Öõý ã¦ã: Ôã Ôãâºãâ£ã ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãì¹ã Approach (BIA) for Operational Risk to compute ºãöã ¶ãñ 31-03-2010 ¦ãã ãñ ãäÊã £ããÀ, ºããûããÀ ããõÀ ¹ããäÀÞããÊã¶ã㦽ãã capital. As such, the Bank is maintaining capital for Credit, Market and Operational Risk as on 31.3.2010, ããñãäã½ã ãñ ãäÊã ¹ãîâããè ºã¶ãã Àããè Öõý in line with the RBI guidelines in this regard. ºãöã ¶ãñ Ôãâºãâãä£ã¦ã ¡ãã ãñ ãã£ããÀ ¹ãÀ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ½ãò ãä¶ã£ããÃãäÀ¦ã The Bank has computed capital for market risk and ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºããûããÀ ããñãäã½ã ããõÀ ¹ããäÀÞããÊã¶ã ããñãäã½ã ãñ operational risk as per the prescribed guidelines at the banks Central Office, based on the relevant data. ãäÊã ¹ãîâããè ãã ¹ããäÀãÊã¶ã ãäã¾ãã Öõý ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¦ã֦㠣ããÀ In computation of capital for Credit risk under ããñãäã½ã ãñ ãäÊã ¹ãîâããè ãã ¹ããäÀãÊã¶ã ãÀ¶ãñ ãñ ãäÊã ºãöã ¶ãñ àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò Standardised Approach, the bank has relied upon ããõÀ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ½ãò £ãããäÀ¦ã ¹ããñùããñãäÊã¾ããñ ãñ ãÊããÌãã ÖÀ Íãããã Ôãñ the borrower-wise data captured from each individual ãäÊã Øã £ããÀã¦ããÃÌããÀ ¡ãã ããñ ãäÊã¾ãã Öõý Ôããñ ãäÊã ºãöã ¶ãñ ÔÌããä¶ããä½ãæã branch besides portfolios held at Regional Office and Central Office of the bank. For this purpose, the Ôããù¹ãÌãñ¾ãÀ ¦ãõ¾ããÀ ãäã¾ãã Öõ ããñ Íããããããò ãñ ããäØãƽ㠹ããñùããñãäÊã¾ããñ ãñ £ããÀ Bank has developed in-house software, which ããñãäã½ã ãñ ãäÊã ¹ãîâããè ãã ¹ããäÀãÊã¶ã ãÀ¦ãã Öõ ããõÀ Íããããããò, àãñ¨ããè¾ã enables computation of capital for credit risk of the ãã¾ããÃÊã¾ããò ¦ã©ãã ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã Ô¦ãÀ ¹ãÀ ããÌã;ãã ãäÀ¹ããñà ãã Ôãðã¶ã advances portfolio of the branches and generation of the requisite reports at the branches, Regional ãÀ¦ãã Öõý Ôããèã¦ãã ããõÀ ¹ã¾ããù¦ã¦ãã Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ãäÊã ¹ãîâããè ¹ããäÀãÊã¶ã Offices and Central Office level. Necessary training ãñ ãäÌããä¼ã¸ã ¹ãàããò ãñ Ôãâºãâ£ã ½ãò Ôã¹ã ããñ ããÌã;ãã ¹ãÆãäÍãàã¥ã ã䪾ãã Øã¾ãã Öõý is imparted to the field staff periodically on various aspects of capital computation to ensure accuracy Ôãã½ã㶾ã¦ã: ºãöã £ããÀ ããñãäã½ããò ããñ ã½ã ãÀ¶ãñ ãñ ãäÊã ãà ¦ãÀÖ ãñ ¹ãã¾ã and adequacy. ãÀ¦ãñ Ööý ºãöã ¶ãñ ¹ãîâããè Àã֦㠹ãÆ㹦ã ãÀ¶ãñ ãñ ãäÊã £ããÀ ããñãäã½ã ãñ ãäÊã Banks generally use a number of techniques to ¹ãîâããè ãñ ¹ããäÀãÊã¶ã ½ãò £ããÀ ããñãäã½ã Üãã¶ãñ ãã ¹ãƾããñØã ãäã¾ãã Öõý £ããÀ mitigate the credit risk to which they are exposed. ããñãäã½ã ã½ããè, ããñãäã½ã ¼ãããäÀ¦ã ãããäÔ¦ã¾ããò, ¹ãã¨ã ¹ãîâããè ããõÀ ããñãäã½ã ¼ãããäÀ¦ã The Bank has also used the Credit Risk Mitigation ãããäÔ¦ã ã¶ãì¹ãã¦ã ãñ ¹ãÆãä¦ã ¹ãîâããè (ÔããèããÀããÀ) ¹ããäÀããäÊã¦ã ãÀ¶ãññ ãñ ãäÊã in computation of capital for credit risk in order to get capital relief. The Bank has followed the RBI ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ Ìã¦ãýãã¶ã ãäªÍãããä¶ãªóÍã ãã ã¶ãìÔãÀ¥ã ãäã¾ãã guidelines in force to arrive at the credit risk Öõý mitigation, risk weighted assets, eligible capital and capital to risk weighted assets ratio (CRAR). ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã, ºãñÔãÊã ªÔ¦ããÌãñããò ½ãò ãä¶ã£ããÃãäÀ¦ã 8% ããè ¦ãìÊã¶ãã ½ãò Reserve Bank of India has prescribed that Banks ãä¶ãÀ¶¦ãÀ ¹ã Ôãñ 9% ãñ ããñãäã½ã ¼ãããäÀ¦ã ãããäÔ¦ã ã¶ãì¹ãã¦ã ÔããèããÀããÀ ãñ are required to maintain a minimum capital to risk ¹ãÆãä¦ã ¶¾ãî¶ã¦ã½ã ¹ãîâããè ã¶ãì¹ãã¦ã Àã¶ãñ ãñ ãäÊã ãä¶ã¾ã¦ã ãÀ¦ãã Öõý ¼ããÀ¦ããè¾ã ãäÀûãÌãà weighted assets ratio (CRAR) of 9% on an ongoing ºãöã ¾ãÖ ¼ããè ãä¶ã£ããÃãäÀ¦ã ãÀ¦ãã Öõ ãäã 31.03.2010 ¦ãã £ããÀ ããõÀ ºããûããÀ basis, as against 8% prescribed in the Basel ããñãäã½ããò ãñ ãäÊã ºãñÔãÊã I ¹ãÆñ½ãÌããà ãñ ½ãì¦ãããäºãã ¹ããäÀããäÊã¦ã ¶¾ãî¶ã¦ã½ã ¹ãîúããè document. RBI has also prescribed Prudential Floor at 80% of minimum capital requirements computed ã¹ãñàããããò ãã 80% ¹ãÀ ãäÌãÌãñã¹ãî¥ãà ԦãÀ Öãñý ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã as per Basel-I Framework for Credit and Market risks ããÀãè ãäã¾ãã Øã¾ãã ¹ãÆñ½ãÌããà ããä¦ããäÀã¦ã ¹ã Ôãñ 31 ½ããÞãà 2010 ¦ãã ¾ãã Ôããñ as on 31.3.2010. The framework issued by RBI ¹ãÖÊãñ 6% ãã ¶¾ãî¶ã¦ã½ã ã¾ãÀ-I ÔããèããÀããÀ ºã¶ãã Àã¶ãñ ãñ ãäÊã ãä¶ã£ããÃÀ¥ã additionally prescribes maintenance of a minimum Tier-1 CRAR of 6% on or before March 31, 2010. ãÀ¦ãã Öõý ¶ã ãä¶ã£ããÃÀ¥ããò ãñ ¹ãÆãä¦ã ºãöã ãã ãìÊã ÔããèããÀããÀ ããõÀ ã¾ãÀ-I Against this, the Banks total CRAR and Tier-1 CRAR ÔããèããÀããÀ ã½ãÍã: 14.78% ããõÀ 8.67% ¹ãÀ Öõ ããñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà stand at 14.78% and 8.67% respectively, which are ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã ¶¾ãî¶ã¦ã½ã Ô¦ãÀ Ôãñ ãã¹ããè ¹ãÀ Öõý well above the minimum level prescribed by RBI. The Bank has put in place the policy on Internal ºãöã ããè Ôã½ãØãÆ ããñãäã½ã ¹ãÆãñ¹ããÊã ãñ Ôã½ãã¶ã ¹ããäÀÍããñãä£ã¦ã ¹ãñ½ãÌããà ãñ Ԧ㽼ã 2 Capital Adequacy Assessment Process (ICAAP) and ããÌã;ãã¦ããããò ãñ ¹ãã¾ã ãñ ¹㠽ãò ºãöã ãñ Ôãâºãâãä£ã¦ã ããñãäã½ã ããÀããò ããñ the framework in consideration of the relevant risk £¾ãã¶ã ½ãò Àã¦ãñ Öì ºãöã ¶ãñ ã㶦ããäÀã ¹ãîâããè ¹ã¾ããù¦ã¦ãã ½ãîʾããâã¶ã ¹ãÆãäã¾ãã ¹ãÀ factors of the bank as a measure towards Pillar 2 ¶ããèãä¦ã ããõÀ ¹ãÆñ½ãÌããà ¦ãõ¾ããÀ ãäã¾ãã Öõý ¶ããèãä¦ã ¦ãõ¾ããÀ ãÀ¦ãñ Ôã½ã¾ã ºãöã ¶ãñ ¼ããÀ¦ããè¾ã requirements of the revised framework commensurate with the banks overall risk profile. In framing the ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ½ãò ãä¶ã£ããÃãäÀ¦ã ã¹ãñàããããò ããñ £¾ãã¶ã ½ãò Àãã Öõý policy the bank has taken into consideration the requirements prescribed by RBI in their guidelines. ãÖãú ¦ãã ¼ããäÌãÓ¾ãØã¦ã Øããä¦ããäÌããä£ã¾ããò ããñ ã¶ããã½ã ªñ¶ãñ ãñ ãäÊã ¹ãîúããè ¹ã¾ããù¦ã¦ãã ããè ºãã¦ã Öõ, ÌãÖãú ºãöã ããÀãñºããÀ ããè ¼ããäÌãÓ¾ãØã¦ã Ìãðãä® ããñ £¾ãã¶ã ½ãò Êãñ¦ãñ Öì As regards the adequacy of capital to support the future activities, the bank draws assessment of ¹ãîúããèØã¦ã ã¹ãñàããããò ãã ããÌããä£ãã ½ãîʾããâã¶ã ãÀ¦ãã Öõý ºãöã ´ãÀã ã¶ãìÀãäàã¦ã capital requirements periodically taking into account ããä¦ããäÀã¦ã ÔããèããÀããÀ ¼ããäÌãÓ¾ãØã¦ã Øããä¦ããäÌããä£ã¾ããò ããñ ¹ãîÀã ãÀ¶ãñ ãñ ãäÊã future growth of business. The surplus CRAR maintained by the bank acts as a buffer to support
124 ºã¹ãÀ ãã ãã½ã ãÀ¦ãã Öõý Ôãã©ã Öãè ã¾ãÀ I ããõÀ ã¾ãÀ II ¹ãîâããè ÔãâÜãããò ½ãò the future activities. Moreover, the headroom ºãöã ãñ ¹ããÔã ¹ãÊ㺣ã î ¼ããäÌãÓ¾ãØã¦ã ã¹ãñàããããò ããñ ¹ãîÀã ãÀ¶ãñ ãñ ãäÊã available to the bank in the Tier-1 and Tier-2 capital components provides additional capital support to ããä¦ããäÀã¦ã ¹ãîúããè Ôã½ã©ãö㠹ãƪã¶ã ãÀ¦ãã Öõý Ôã ¹ãÆããÀ ºãöã ãñ ¹ãîâããè ããñãäã½ã meet the future needs. Thereby, the capital risk of ãã ¾ã©ãñÓ £¾ãã¶ã Àãã ãã¦ãã Öõý the bank is adequately addressed. ½ãã¨ã㦽ãã ¹ãÆããèãÀ¥ã Quantitative disclosures (Á.ãÀãñü¡ ½ãò) (Rs. In Crore) £ããÀ ããñãäã½ã ãñ ãäÊã ¹ãîâããè ããÌã;ãã¦ãã: Capital requirements for credit risk: Standardised Approach ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã Portfolios subject to standardised approach 6232.28 ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ã¶ãìÔããÀ ¹ããñùããñãäÊã¾ããñ 6232.28 Securitisation exposures 0.00 ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãÔã¹ããñûãÀ 0.00 ãìÊã 6232.28 Total 6232.28 ºããûããÀ ããñãäã½ã ãñ ãäÊã ¹ãîâããè ããÌã;ãã¦ãã: Capital requirements for market risk: Standardised Duration Approach ½ãã¶ãããèãð¦ã ãÌããä£ã ÒãäÓããñ¥ã º¾ããã ªÀ ããñãäã½ã 236.02 Interest rate risk 236.02 ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã ããñãäã½ã (ÔÌã¥ãà ãä½ãÊãããÀ) 8.82 Foreign Exchange risk (including gold) 8.82 ÃãäãÌããè ããñãäã½ã 149.58 Equity risk 149.58 ãìÊã 394.42 Total 394.42 ¹ããäÀÞããÊã¶ãØã¦ã ããñãäã½ã ãñ ãäÊã ¹ãîâããè ããÌã;ãã¦ãã: Capital requirements for operational risk ½ãîÊã Ôãâãñ¦ãã ÒãäÓããñ¥ã Basic indicator approach ¹ããäÀÞããÊã¶ãØã¦ã ããñãäã½ã 511.42 Operational Risk 511.42 ºãöã ãñ ãäÊã ãìÊã ¹ãîâããè ã¶ãì¹ãã¦ã Total Capital Ratio for the Bank ãìÊã ÔããèããÀããÀ 14.78% Total CRAR 14.78% ãìÊã ÔããèããÀããÀ (ãäÌãÌãñã¹ãî¥ãà ¹ãÊããñÀ ãñ ã¶ãì¹ãƾããñØã ãñ ã¶ãìÔããÀ) 14.78% Total CRAR (subject to application of Prudential Floor) 14.78% ã¾ãÀ 1 ÔããèããÀããÀ 8.67% Tier 1 CRAR 8.67% ¦ãããäÊããã ¡ãè¹ã-4 Table DF-4 £ããÀ ããñãäã½ã : Ôã¼ããè ºãöããò ãñ ãäÊã¾ãñ Ôãã½ã㶾㠹ãÆããèãÀ¥ã CREDIT RISK : GENERAL DISCLOSURES FOR ALL BANKS Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã: Qualitative disclosures: £ããÀ ããñãäã½ã Credit Risk:
£ããÀ ããñãäã½ã ãã ¦ã㦹ã¾ãà £ããÀã¦ããÃããò ¾ãã ¹ãÆãä¦ã¹ããäàã¾ããò ããè ¨ãÉ¥ã Øãì¥ãÌ㦦ãã Credit Risk is the possibility of losses associated ½ãâñ ÖÆãÔã ÔããäÖ¦ã Íãããä½ãÊã Öããä¶ã¾ããò ããè Ôãâ¼ããÌã¶ãã Ôãñ Öõý ºãöã ãñ ¹ããñùããñãäÊã¾ããñ with diminution in the credit quality of borrowers or ½ãò £ããÀ ããñãäã½ã ããä£ãããâÍã¦ã: ºãöã ãñ £ããÀ ãäã¾ãããÊãã¹ããò Ôãñ ¦¹ã¸ã Öãñ¦ãã counter parties. In a Banks portfolio, Credit Risk Öõ, ã¾ããòãäã £ããÀã¦ããà ¨ãÉ¥ãªã¦ãã ãñ ¹ãÆãä¦ã ã¹ã¶ããè ãäÌ㦦ããè¾ã ºã㣾ã¦ããããò ããñ ¹ãîÀã arises mostly from lending activities of the Bank if a borrower is unable to meet its financial obligations ¶ãÖãé ãÀ ¹ãã¦ããý ¾ãÖ £ããÀã¦ããà ¾ãã ¹ãÆãä¦ã¹ããäàã¾ããò ããè £ããÀ Øãì¥ãÌ㦦ãã / Ôããã ½ãò to the lender. It emanates from changes in the credit Ôãâ¼ãã̾㠹ããäÀÌã¦ãöããò Ôãñ ¦¹ã¸ã Öãñ¦ãã Öõý £ããÀ ããñãäã½ã ½ãò ãã âÀ ¹ãããê quality/worthiness of the borrowers or counter parties. ããñãäã½ã ããõÀ ªñÍã ããñãäã½ã Íãããä½ãÊã Ööý Credit risk includes counterparty risk and country risk. £ããÀ ÀñãäâØã ããõÀ ½ãîʾããâã¶ã ¹ãÆãäã¾ãã Credit rating and Appraisal Process: ºãöã ¹ãƦ¾ãñã £ããÀã¦ããà ããõÀ ¹ããñùããñãäÊã¾ããñ Ô¦ãÀ ¹ãÀ ããñãäã½ã ãñ ãä¶ãÀ¶¦ãÀ The Bank manages its credit risk through continuous measuring and monitoring of risks at obligor ¹ãƺããñ£ã¶ã ããõÀ Ôããñ ½ãã¹ã¶ã Ôãñ ã¹ã¶ãñ £ããÀ ããñãäã½ã ãã ¹ãƺãâ£ã¶ã ãÀ¦ãã Öõý (borrower) and portfolio level. The Bank has a robust ºãöã ½ãò ½ããºãî¦ã ããâ¦ããäÀã £ããÀ ÀñãäâØã ¹ãÆñ½ãÌããà ããõÀ ÔãìÔ©ãããä¹ã¦ã ½ãã¶ãããèãð¦ã internal credit rating framework and well-established £ããÀ ½ãîʾããâã¶ã / ã¶ãì½ããñª¶ã ¹ãÆãäã¾ãã Öõý £ããÀ ÀñãäâØã ã ¦¹ãÆñÀã ¹ãÆãäã¾ãã standardized credit appraisal / approval process. Öõ ããñ ºãöã ãñ ¹ãÆÔ¦ããÌã ½ãò ãä¶ããäÖ¦ã Øãì¥ããò ããõÀ ãÌãØãì¥ããò ãã ½ãîʾããâã¶ã ãÀ¶ãñ ½ãò Credit rating is a facilitating process that enables the bank to assess the inherent merits and demerits ÔãÖã¾ãã Öãñ¦ããè Öõý ¾ãÖ ãä¶ã¥ãþã Êãñ¶ãñ ½ãò ÔãÖã¾ãã Ôãã£ã¶ã Öõ ããñ ãäãÔããè £ããÀ of a proposal. It is a decision enabling tool that
125 ¹ãÆÔ¦ããÌã ããè ÔÌããèãã¾ãæãã ¹ãÀ ãäÌãÞããÀ ãÀ¶ãñ ½ãò ºãöã ããè ÔãÖã¾ã¦ãã ãÀ¦ããè Öõý Ôã helps the bank to take a view on acceptability or ¹ãÆãäã¾ãã ããñ ããõÀ ¼ããè ããä£ãã ãÌãÀñã ªñ¶ãñ ããõÀ ̾ãã¹ãã ºã¶ãã¶ãñ ãñ ÿñ;ã Ôãñ otherwise of any credit proposal. In order to widen ºãöã ¶ãñ ããä¦ããäÀã¦ã ÀñãäâØã ¹ãÆãä¦ã½ãã¶ããò ãã ¹ã¾ããñØã Íãì ãÀ ã䪾ãã Öõ ããñ the scope and coverage further, the bank has started using additional rating models, which were developed ÔÌããäÌãããäÔã¦ã Ööý Ôã½ãò Á.5 Êããã ããõÀ ÔãÔãñ ããä£ãã ãñ £ããÀ ãã¦ãñ ãÌãÀ in-house. This will cover borrower accounts of Rs. ãäã¾ãñ ãã¾ãòØãñý 5 lacs and above. ÀñãäâØã ½ããù¡Êã ¹ãõãÀ Øãì¥ã㦽ãã ããõÀ ½ãã¨ã㦽ãã, ²ããñØã ããñãäã½ã, ̾ãã¹ããÀ The rating models factor quantitative and qualitative ããñãäã½ã, ¹ãƺãâ£ã¶ã ããñãäã½ã, ãäÌ㦦ããè¾ã ããñãäã½ã, ¹ããäÀ¾ããñã¶ãã ããñãäã½ã (ãÖãú attributes relating to Risk components such as Industry Risk, Business Risk, Management Risk, Financial ãÖãé ÊããØãî Öãñ) ããõÀ ÔãìãäÌã£ãã ããñãäã½ã ãããäª Ôãñ Ôãâºãâãä£ã¦ã ããâ¦ããäÀã ÀñãäâØã ãñ Risk, Project risk (where applicable) and Facility Risk ããÀã Ööý ²ããñØã ããñãäã½ã ãäÌãÓã¾ãã ¾ãÖ ããúã¡ò ºããããÀ ããè ¹ããäÀãäÔ©ããä¦ã¾ããò ãñ etc. The data on industry risk is regularly updated ãã£ããÀ ¹ãÀ ãä¶ã¾ã½ããä¦ã ¹ã Ôãñ ã²ã¦ã¶ã ãäã¾ãñ ãã¦ãñ Ööý based on market conditions. ã £ããÀ¥ãã ãñ ¹㠽ãò £ããÀ ÀñãäâØã ºãöã ãñ 㶪À ãÞãè ¦ãÀÖ ã¶¦ããä¶ãÃãäÖ¦ã Credit rating as a concept has been well internalized within the bank. As a measure of robust credit risk Öãñ Øã¾ãã Öõý ½ããºãî¦ã £ããÀ ããñãäã½ã ¹ãƺãâ£ã¶ã ¹ãÆãäã¾ãã ãñ ¹ãã¾ã ãñ ¹㠽ãò ºãöã management process, the bank has implemented a ¶ãñ ¨ãÉ¥ã ÀñãäâØã ¹ãÆãäã¾ãã ããè ã¾ãÀ ¹ãÆ¥ããÊããè ãã¾ããÃãä¶Ìã¦ã ããè Öõ ãäãÔã½ãò ãä¶ã£ããÃãäÀ¦ã tiered system for validation of credit ratings at Ô¦ãÀãò ¹ãÀ £ããÀ ÀñãäâØã ãñ Ìãõ£ããèãÀ¥ã ãñ ãäÊã ããñ ÞÞã¦ãÀ ÒãäÓããñ¥ããò ããñ specified levels which is independent of credit ã¹ã¶ãã¶ãñ ãñ ãäÊã ããÌã;ãã £ããÀã¦ããÃããò ãñ ãäÊã ãäºã¶ãã ãäãÔããè ¹ãàã¹ãã¦ã ãñ departments, in order to draw unbiased rating for ÀñãäâØã ãÀ¶ãñ ããè ÒãäÓ Ôãñ £ããÀ ãäÌã¼ããØã ´ãÀã ÔÌã¦ãâ¨ã ¹ã Ôãñ ãäã¾ãã ãã¦ãã Öõý borrowers necessary for moving to advanced approaches. In respect of proposals falling under ºãöã ãñ ¹ãÆ£ãã¶ã ãã¾ããÃÊã¾ã ãñ ããä£ãããÀ ãñ 㶪À ãã¶ãñÌããÊãñ ¹ãÆÔ¦ããÌããò ãñ ãäÊã powers of Banks central office, the validations of ÀñãäâØã ãã Ìãõ£ããèãÀ¥ã ããñãäã½ã ¹ãƺãâ£ã¶ã ãäÌã¼ããØã ´ãÀã ãäã¾ãã ãã¦ãã Öõý ºãöã ratings are done at Risk Management Dept. The Bank £ããÀ ãã¦ããò ¹ãÀ º¾ããã ªÀãò ãã ãä¶ã¥ãþã ãÀ¶ãñ ãñ ãäÊã £ããÀ ÀñãäâØã ãã ¹ãƾããñØã uses credit rating for deciding interest rates on ãÀ¦ãã Öõý £ããÀ ÀñãäâØã ãã Êãã¼ã ¾ãÖ Öõ ãäã ÔãÔãñ ããñãäã½ã ãñ ãã£ããÀ ¹ãÀ borrowal accounts. The advantage of credit rating ãäÌããä¼ã¸ã ¹ãÆÔ¦ããÌããò ãã ¹ãÆÌãØããêãÀ¥ã ãäã¾ãã ãã¦ãã Öõ ããõÀ ã©ãùãî¥ãà ¦ãìÊã¶ãã ããè ãã is that it enables to rank different proposals based on risk and do meaningful comparisons. Ôãã¦ããè Öõý The bank follows a well-defined multi layered ºãöã ¨ãÉ¥ããò ããõÀ ããäØãƽããò ããè ½ãâãîÀãè ãñ ãäÊã ã ÔãìÔ¹ãÓ ¹ããäÀ¼ãããäÓã¦ã ºãÖì discretionary power structure for sanction of loans Ô¦ãÀãè¾ã ãäÌãÌãñãããä£ãããÀ ÔãâÀÞã¶ãã ãã ã¶ãìÔãÀ¥ã ãÀ¦ãã Öõý ¶ã / ÔãâÌããä£ãæã and advances. Approval Grid has been constituted ¹ãÆÔ¦ããÌããò ¹ãÀ ãäÌãÞããÀ ãÀ¶ãñ ãñ ãäÊã ã¹ãÌã㪠ÔÌã¹㠺ãü¡ãè Íããããããò / àãñ¨ããè¾ã at all levels covering Exceptionally Large branch / RO / CO for considering fresh/enhancement proposal. ãã¾ããÃÊã¾ããò / ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ½ãò Ôã¼ããè Ô¦ãÀãò ¹ãÀ ã¶ãì½ããñª¶ã ãäØãÆ¡ Øããä¦ã The new products introduced by bank are examined ãäã¾ãã Øã¾ãã Öõý ºãöã ´ãÀã ããÀâ¼ã ãäã Ø㠶㠦¹ããªãò ãñ ã¶ãì½ããñª¶ã ãñ ãäÊã by the internal Operational Risk Management ºããñ¡Ã ããñ ¹ãÆÔ¦ãì¦ã ãÀ¶ãñ ãñ ¹ãÖÊãñ ¶ã½ãò ãä¶ããä֦㠹ãÆãäã¾ãã / ããñãäã½ã ãñ ãã£ããÀ Committee (ORMC), Credit Policy Committee/ Asset ¹ãÀ ½ãîʾããâã¶ã ãÀ¶ãñ ãñ ãäÊã ããâ¦ããäÀã ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã ¹ãƺãÆâ£ã¶ã Liability Management Committee depending upon the Ôããä½ããä¦ã / £ããÀ ¶ããèãä¦ã Ôããä½ããä¦ã / ãããäԦ㠪ñ¾ã¦ãã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã ´ãÀã ããâÞã ãÀ type of risks involved in the new product / process before being placed to Board for approval. The Êããè ãã¦ããè Ööý ñÔãñ ¶ã ¦¹ããªãò ãñ ãäÊã ã¶ãìÔãÀ¥ã ããè ãã¶ãñ ÌããÊããè ¹ã®ãä¦ã Ìã system and procedure committee (SAPCO) lays down ¹ãÆãäã¾ãã ãã ãä¶ã£ããÃÀ¥ã ¹ã®ãä¦ã Ìã ¹ãÆãäã¾ãã Ôããä½ããä¦ã (Ôã¹ããèÔããèããñ) ´ãÀã ãäã¾ãã the system and procedure to be followed for such ãã¦ãã Öõý new products. £ããÀ ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã¾ããú Credit Risk Management Policies ºãöã ¶ãñ ºããñ¡Ã ´ãÀã ã¶ãì½ããñã䪦ã ÔãìÔãâÀãäÞã¦ã ¨ãɥ㠶ããèãä¦ã ããõÀ £ããÀ ããñãäã½ã The bank has put in place a well-structured loan policy and credit risk management policy duly ¹ãƺãâ£ã¶ã ¶ããèãä¦ã ¦ãõ¾ããÀ ããè Öõý Ôã ¶ããèãä¦ã ½ãò ÔãâØã¶ã ããè ÔãâÀÞã¶ãã, ¼ãîãä½ããã ããõÀ approved by Board. The policy document defines ¦¦ãÀªããä¾ã¦Ìã ããõÀ ¶ã ¹ãÆãäã¾ããããò ãã ÊÊãñã Öõ ãÖãú ºãöã ´ãÀã ÌãÖ¶ã ãäã organization structure, role and responsibilities and ãã¶ãñ ÌããÊãñ ¨ãÉ¥ã ããñãäã½ã ããñ ¹ãÖÞãã¶ãã ãã Ôãã¦ãã Öõ, Ôãããè ½ãã¨ãã ãã processes whereby the Credit Risk carried by the ã¶ãì½ãã¶ã ÊãØãã¾ãã ãã Ôãã¦ãã Öõ ããõÀ ¹ãÆñ½ãÌããà ãñ ãâªÀ ¹ãƺãâ£ã¶ã ãäã¾ãã ãã Bank can be identified, quantified and managed within the framework that the Bank considers consistent Ôãã¦ãã Öõ ãäãÔãñ ºãöã ã¹ã¶ãñ ããä£ãªñÍã ããõÀ ããñãäã½ã ÔãÖ¶ã ãÀ¶ãñ ããè àã½ã¦ãã ãñ with its mandate and risk tolerance. Credit risk is Ôãã©ã ãä¶ãÀ¶¦ãÀ ããñãäã½ã ½ãã¶ã¦ãã Öõý £ããÀ ããñãäã½ã ãã ¹ãƺããñ£ã¶ã ºãöã ´ãÀã monitored by the bank on a bank-wide basis and ºãöãÌããÀ ãã£ããÀ ¹ãÀ ãäã¾ãã ãã¦ãã Öõ ããõÀ ºããñ¡Ã / ããÀ½ãÔããèºããè ´ãÀã ããñãäã½ã compliance with the risk limits approved by Board / Ôããè½ããããò ãã ã¶ãì¹ããÊã¶ã Ôãìãä¶ããäÍÞã¦ã ãäã¾ãã ãã¦ãã Öõý Ôããè¹ããèÔããè ºãöã ããè RMCB is ensured. The CPC takes into account the ããñãäã½ã ÌãÖ¶ã àã½ã¦ãã ããñ £¾ãã¶ã ½ãò ÀããÀ ããõÀ ¦ãª¶ãìÔããÀ ÔãìÀàãã, ¦ãÀÊã¦ãã, risk tolerance level of the Bank and accordingly handles the issues relating to Safety, Liquidity, ãäÌãÌãñã¹ãî¥ãà ½ãã¶ãª¥¡ãò, ãÔã¹ããñûãÀ Ôããè½ããããò Ôãñ Ôãâºãâãä£ã¦ã ½ãã½ãÊããò ããñ Prudential Norms and Exposure limits. Ôãâ¼ããÊã¦ãã Öõý
126 ºãöã ½ãò ¦ãðÓ £ããÀ ããñãäã½ã ¹ãƺãâ£ã¶ã ̾ãÌãÖãÀ Ô©ãããä¹ã¦ã ãÀ¶ãñ ãñ ãäÊã ¹ãã¾ã The bank has taken earnest steps to put in place ãäã Ööý £ããÀ ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã ¨ãÉ¥ã ãñ ããä¦ããäÀã¦ã ãä¶ãÌãñÍã ¶ããèãä¦ã, best credit risk management practices in the bank. In addition to Loan Policy Credit Risk Management ¹ãÆãä¦ã¹ãàããè ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã ããõÀ ªñÍããè¾ã ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã ãããäª Policy the bank has also framed Investment Policy, ¦ãõ¾ããÀ ããè Öõ ããñ ºãöã ½ãò £ããÀ ããñãäã½ã ãñ ¹ãƺããñ£ã¶ã ãã ããâ¦ããäÀã ¼ããØã Öõý Counter Party Risk Management Policy and Country Ôããñ ããä¦ããäÀã¦ã ºãöã ¶ãñ Ôãâ¹ãããäÍÌãÃã ¹ãƺãâ£ã¶ã ããõÀ £ããÀ ããñãäã½ã ã½ã ãÀ¶ãñ Risk Management Policy etc., which forms integral ããè ¶ããèãä¦ã ¼ããè ãã¾ããÃãä¶Ìã¦ã ããè Øãà Öõ ããñ ºãöã ´ãÀã Ôãã½ã㶾ã¦ã: ÔÌããèããÀ ããè part of monitoring of credit risk in the bank. Besides, the bank has implemented a policy on collateral ãã¶ãñ ÌããÊããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò (¹ãÆ£ãã¶ã ããõÀ Ôãâ¹ãããäÍÌãÃã) ãñ ãäÌãÌãÀ¥ã ããõÀ ºãöã ãñ management and credit risk mitigation which lays ãäÖ¦ã ããè Ààãã ãñ ãäÊã ñÔããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ¹ãÆÍããÔã¶ã ãñ ãäÌãÌãÀ¥ã ãä¶ã£ããÃãäÀ¦ã down the details of securities (both prime and ãÀ¦ããè Öõý ¾ãñ ¹ãÆãä¦ã¼ãîãä¦ã¾ãã⠶㠣ããÀ ããñãäã½ããò ããñ ã½ã ãÀ¦ããè Öö ããñ ºãöã ããñ collateral) normally accepted by the Bank and administration of such securities to protect the interest ÌãÖ¶ã ãÀ¶ãã ¹ãü¡ Ôãã¦ãã Öõý of the bank. These securities act as mitigation against credit risk to which the bank is exposed. £ããÀ ãä¶ãØãÀã¶ããè / ¨ãɥ㠹ãì¶ãÀãèàã¥ã / ¨ãÉ¥ã Êãñãã ¹ãÀãèàãã £ããÀ ¹ãƺããñ£ã¶ã ãäÌã¼ããØã ¨ãɥ㠹ããñùããñãäÊã¾ããñ ããè Øãì¥ãÌ㦦ãã ããè ãä¶ãØãÀã¶ããè ãÀ¦ãã Credit Monitoring/Loan Review/Credit Audit The Credit Monitoring Department monitors the quality Öõ, Ôã½ãÔ¾ããããò ããè ¹ãÖÞãã¶ã ãÀ¦ãã Öõ ããõÀ ããä½ã¾ããò ããñ Ôãì£ããÀ¶ãñ ãñ ãäÊã of loan portfolio, identifies problems and takes steps ããÌã;ãã 㪽ã ã¦ãã ÖõýãäÌã¼ããØã ãã ÿñ;ã Öõ ãä¹ãÔãÊã¶ã ½ãò ã½ããè ãÀ¶ãã to correct deficiencies. The objective of the ¦ãããäã ãä¶ãÓ¹ããªã ãã¦ããò ããñ ã¶ããÃã ãã¦ãñ ½ãò ºãªÊã¶ãñ Ôãñ Àãñãã ãã Ôããñ ý department is to minimize slippage of performing ãäÌã¼ããØã ´ãÀã ÔãñØã½ãòñÍã¶ã ´ãÀã ãã¦ããò ããè Ôãîà½ã ãä¶ãØãÀã¶ããè ããè ãã¦ããè Öõ ããõÀ accounts to NPA category. The department is also micro monitoring the accounts by segmentation and ãã¦ããò ãã ªõãä¶ãã ãã£ããÀ ¹ãÀ ã¶ãìÌã¦ãöã ãäã¾ãã ãã¦ãã Öõ ¦ãããäã ãä¹ãÔãÊã¶ã ããñ follow up the accounts on a daily basis to minimize ã½ã ãäã¾ãã ãã Ôããñ ý slippages. Á. 1 ãÀãñü¡ ããõÀ ÔãÔãñ ããä£ãã ãñ ãä¶ããä£ã ãã£ãããäÀ¦ã Ôããè½ããããò ÌããÊãñ Ôã¼ããè All the borrowal accounts with fund based limit of Rs. 1 crore and above are reviewed under Loan £ããÀ ãã¦ãñ ¨ãɥ㠹ãì¶ãÀãèàãã ¦ãâ¨ã ãñ ¦ã֦㠹ãì¶ãÀãèãäàã¦ã ãäã ãã¦ãñ Öö ããñ ã¶ãÌãã¾ãæã: Review Mechanism, which is essentially an off-site ã ããù¹ã Ôãã Êãñãã ¹ãÀãèàãã ¦ãâ¨ã Öõ ý £ããÀ Êãñãã ¹ãÀãèàãã ¼ããÀ¦ããè¾ã ãäÀûãÌãà audit mechanism. The credit audit is carried out in ºãöã ããõÀ Ö½ããÀñ ºãöã ããè £ããÀ ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã ´ãÀã ããÀãè £ããÀ terms of Guidance Note on Credit Risk issued by ããñãäã½ã ¹ãÀ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ãäã¾ãã ãã¦ãã Öõ ý Reserve Bank of India and the Credit Risk Management Policy of the Bank. £ããÀ Êãñãã ¹ãÀãèàãã Ôãñ ºãöã ããñ £ããÀ ãã¦ããò ½ãò ÁØ¥ã¦ãã / ã½ãããñÀãè ãñ The credit audit exercise has helped the bank to ¹ãÆãÀâãä¼ãã Þãñ¦ããÌã¶ããè -Ôãâãñ¦ã ããõÀ ¶ãããè ããä½ã¾ããò ããè ¹ãÖÞãã¶ã ãÀ¶ãñ ½ãò ½ãªª identify deficiencies and early warning signals of ãÀ¦ãã Öõý ããä¶ãÌãã¾ãæã: ¾ãÖ ããäØãƽããò ããè Øãì¥ãÌ㦦ãã ½ãò ãäØãÀãÌã ããñ Àãñã¶ãñ ¦ã©ãã sickness/weakness in borrowal accounts. Essentially this is an onsite audit mechanism to Ôã ¹ãÆããÀ ºãöã ãñ ãäÖ¦ããò ããè Ààãã ãÀ¶ãñ ãñ ãäÊã ã ããù¶ã Ôãã ¹ãÆ¥ããÊããè Öõý prevent deterioration in the quality of advances thereby protecting the interest of the bank. ã¶ããÃã ãã¦ããò ãã ÌãØããêãÀ¥ã Classification of non-performing accounts: ºãöã ã¶ããÃã ãããäÔ¦ã¾ããò ãñ ÌãØããêãÀ¥ã ãñ ãäÊã Ôã½ã¾ã Ôã½ã¾ã ¹ãÀ ¼ããÀ¦ããè¾ã The bank follows the prudential guidelines issued ãäÀûãÌãà ºãöã ´ãÀã ããÀãè ãäã Øã ãäÌãÌãñã¹ãî¥ãà ãäªÍãããä¶ãªóÍããò ãã ¹ããÊã¶ã ãÀ¦ãã by RBI on classification of non-performing assets from Öõ ããõÀ Ôã½ã¾ã Ôã½ã¾ã ¹ãÀ ããÌã;ãã¦ãã¶ãìÔããÀ ¹ãÆãÌã£ãã¶ã ãÀ¦ãã Öõ : time to time and makes provisions as required.
127 £ããÀ ãã¦ããò ããè ¹ãì¶ãÔãÄÀÞã¶ãã Restructuring of borrower accounts The bank has followed RBI guidelines in respect of ¹ãì¶ãÔãÄÀãäÞã¦ã ãã¦ããò ãñ ÌãØããêãÀ¥ã ãñ Ôãâºãâ£ã ½ãò ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ classification of re-structured accounts and makes ãäªÍãããä¶ãªóÍããò ãã ã¶ãìÔãÀ¥ã ãäã¾ãã Öõ ããõÀ ¹ãÆãÌã£ãã¶ã ãäã¾ãã Öõý provisions as required. ( Á. ãÀãñü¡ãñò ½ãò ) Rs. in Crores ½ãã¨ã㦽ãã ¹ãÆããèãÀ¥ã Ö½ããÀñ ºãöã ¹ãÀ ¹ãƾããñ¾ã¦ãã Quantitative Disclosures Applicability to our Bank ã) ãìÊã ÔããÊã £ããÀ ããñãäã½ã ãÔã¹ããñûãÀ, ãä¶ããä£ã ãä¶ããä£ã ãã£ãããäÀ¦ã 80782.48 a) Total gross credit risk exposures, Fund FB 80782.48 ãã£ãããäÀ¦ã ããõÀ ØãõÀ ãä¶ããä£ã ãã£ãããäÀ¦ã ¹ãð©ãã-¹ãð©ãã ØãõÀ ãä¶ããä£ã ãã£ãããäÀ¦ã 16739.97 based and Non fund based separately NFB 16739.97 ã) ¹ãÆããèãÀ¥ã ãã ¼ããõØããñãäÊãã ãäÌã¦ãÀ¥ã, ãä¶ããä£ã ãã£ãããäÀ¦ã ãä¶ããä£ã ãã£ãããäÀ¦ã ØãõÀ ãä¶ããä£ã ãã£ãããäÀ¦ã b) Geographic distribution of exposures, Fund based and Non fund based FB NFB ããõÀ ØãõÀ ãä¶ããä£ã ãã£ãããäÀ¦ã ¹ãð©ãã-¹ãð©ãã separately 73025.81 15363.06 l ãäÌãªñÍããè l Domestic 73025.81 15363.06 7759.67 1376.91 7759.67 1376.91 l ªñÍããè¾ã l Overseas Øã) £ããÀ ããñãäã½ã ãã ããõ²ããñãäØãã ¹ãÆããÀ ãã ãäÌã¦ãÀ¥ã, ãä¶ããä£ã ãã£ãããäÀ¦ã c) Industry type distribution of exposures, ããõÀ ØãõÀ-ãä¶ããä£ã ãã£ãããäÀ¦ã ãÊãØã-ãÊãØã ã¶ãìºãâãä£ã¦ã fund based and non fund based separately. Annexed Üã) ãããäÔ¦ã¾ããò ãã ãÌããäÍãÓ ÔãâãäÌãªãØã¦ã ¹ããäÀ¹ããÌã¦ãã ºãÆñã¡ã¶ã ã¶ãìºãâãä£ã¦ã d) Residual contractual maturity breakdown of assets Annexed Þã) ¶ã¹ããè (ÔããÊã) ããè ÀããäÍã e) Amount of NPAs (Gross) l ãÌã½ãã¶ãã 1265.48 l Substandard 1265.48 2246.84 2246.84 l ÔãâãäªØ£ã (¡ãè1,¡ãè2,¡ãè3) l Doubtful (D1,D2,D3) 98.76 l Öããä¶ã 98.76 l Loss ) ãä¶ãÌãÊã ¶ã¹ããè 1994.97 f) Net NPAs 1994.97 ã) ¶ã¹ããè ã¶ãì¹ãã¦ã g) NPA Ratios 4.47 % l ÔããÊã ããäØãƽã ãñ ¹ãÆãä¦ã ÔããÊã ¶ã¹ããè 4.47% l Gross NPAs to gross advances 2.52 % l ãä¶ãÌãÊã ããäØãƽã ãñ ¹ãÆãä¦ã ãä¶ãÌãÊã ¶ã¹ããè 2.52% l Net NPAs to net advances ã) ¶ã¹ããè ãã ¹ãÆÞãÊã¶ã (ÔããÊã) h) Movement of NPAs (Gross) 1923.41 l ¹ãÆãÀâãä¼ãã ÍãñÓã 1923.41 l Opening balance 3126.83 l ããñü¡ 3126.83 l Additions 1439.16 l ÜããÌã 1439.16 l Reductions 3611.08 l ãã䶦ã½ã ÍãñÓã 3611.08 l Closing balance ) ¶ã¹ããè ãñ ãäÊã ¹ãÆãÌã£ãã¶ããò ãã ¹ãÆÞãÊã¶ã i) Movement of provisions for NPAs Opening balance 752.04 l ¹ãÆãÀâãä¼ãã ÍãñÓã 752.04 l Provisions made during the period 1183.66 l ãÌããä£ã ãñ ªãõÀã¶ã ãäã Øã ¹ãÆãÌã£ãã¶ã 1183.66 l
l Write off 571.91 l ºãáñ ãã¦ãñ ½ãò ¡ãÊãã Øã¾ãã 571.91
l Write back of excess provisions - l ããä¦ããäÀã¦ã ¹ãÆãÌã£ãã¶ããò ãã ¹ãÆãä¦ãÊãñã¶ã -
l Closing balance 1363.79 l ãã䶦ã½ã ÍãñÓã 1363.79 ) ã¶ããÃã ãä¶ãÌãñÍããò ããè ÀããäÍã 4.11 j) Amount of Non-Performing Investments 4.11 ¡) ã¶ããÃã ãä¶ãÌãñÍããò ãñ ãäÊã ãäã Øã ¹ãÆãÌã£ãã¶ããò ããè k) Amount of provisions held for non- performing investments 4.11 ÀããäÍã 4.11 l) Movement of provisions for depreciation ü¤) ãä¶ãÌãñÍããò ¹ãÀ ½ãîʾã ÖÆãÔã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ãã ¦ããÀ- on investments Þãü¤ãÌã l Opening Balance 342.82 l ¹ãÆãÀâãä¼ãã ÍãñÓã 342.82 l Provisions made during the period 141.08 l ãÌããä£ã ãñ ªãõÀã¶ã ãäã Øã ¹ãÆãÌã£ãã¶ã 141.08 l Write-off 0.00 l ºãáñ ãã¦ãñ ½ãò ¡ãÊãã Øã¾ãã 0.00 l Write-back of excess provisions 249.33 l ããâ¦ããäÀã ¹ãÆãÌã£ãã¶ããò ãã ¹ãÆãä¦ãÊãñã¶ã 249.33 l Closing Balance 234.57 l ãã䶦ã½ã ÍãñÓã 234.57
128 ãããäÔ¦ã¾ããò ãã ãÌããäÍãÓ ÔãâãäÌãªãØã¦ã ¹ããäÀ¹ããÌã¦ãã ºãÆñã¡ã¶ã Residual contractual Maturity break down of Assets (Á.ãÀãñü¡ãò ½ãò) (Rs. In crores) ã䪶ã 1 2-7 ãäª 8-14 ãäª 15-28 29ãäª - 3-6 ½ã 6½ã - 1 >1 Ôãñ > 3 Ôãñ > 5 ÌãÓãà Day 1 2-7 D 8-14 D 15-28D 29D-3M 3-6M 6M-1 >1 to 3 >3 to 5 >5 years ãäª 3 ½ã ÌãÓãà 3 ÌãÓãà 5 ÌãÓãà Year Years years
4224.27 6844.10 7324.65 2263.97 7795.39 9763.13 13317.47 42139.68 10376.94 77222.11 4224.27 6844.10 7324.65 2263.97 7795.39 9763.13 13317.47 42139.6810376.94 77222.11 ªñÍããè¾ã ¹ããäÀÞããÊã¶ã ãñ ãäÊã ÔããÊã ãããäÔ¦ã¾ããò ããè ãÌãÀñã Covers Gross Assets for domestic operations ²ããñØãÌããÀ ¨ãɥ㠹ãÆããèãÀ¥ã INDUSTRY WISE EXPOSURES (Á.ãÀãñü¡ãò ½ãò) (Rs. In Crore) ²ããñØã ãã ¶ãã½ã ºããã¾ãã Industry Name Outstanding ããñ¾ãÊãã 106.58 Coal 106.58 ãã¶ã 469.19 Mining 469.19 Iron and Steel 4452.25 ÊããõÖ ããõÀ Ô¹ãã¦ã 4452.25 Other Metal and Metal Products 886.35 㶾㠣ãã¦ãì Ìã £ãã¦ãì ¦¹ã㪠886.35 All Engineering 2295.28 Ôã¼ããè ¶ããèãä¶ã¾ããäÀâØã 2295.28 Of which Electronics 79.33 Ôã½ãò Ôãñ ÊãñãÈããä¶ããÔã 79.33 Electricity 208.77 ÊãñãäãÈãèãäÔããè 208.77 Cotton Textiles 2915.07 Ôãî¦ããè ÌãԨ㠲ããñØã 2915.07 Jute Textiles 19.91 ãî ÌãԨ㠲ããñØã 19.91 Other Textiles 1302.20 㶾ã ÌãԨ㠲ããñØã 1302.20 Sugar 777.32 Þããè¶ããè 777.32 Tea 19.93 Þãã¾ã 19.93 Food Processing 331.04 ãã²ã ÔãâÔãã£ã¶ã 331.04 Vegetable Oils and Vanaspati 139.03 Ìã¶ãÔ¹ããä¦ã ¦ãñÊã ããõÀ Ìã¶ãÔ¹ããä¦ã 139.03 Tobacco and Tobacco Products 41.59 ¦ã½ºãããî ããõÀ ¦ã½ºãããî ¦¹ã㪠41.59 Paper and Paper Products 1080.96 ããØãã ããõÀ ããØãã ¦¹ã㪠1080.96 Rubber and Rubber Products 466.89 Àºãü¡ ããõÀ Àºãü¡ ¦¹ã㪠466.89 Chemicals, Dyes, Paints, etc. 1658.14 ÀÔãã¾ã¶ã, ¡ã, ¹ãñ¶Ôã ãããäª 1658.14 Of which Fertilisers 24.94 ¶ã½ãò Ôãñ ÌãÀÃã 24.94 Of which Petro-Chemicals 6.13 ¶ã½ãò Ôãñ ¹ãñÈãñ ÀÔãã¾ã¶ã 6.13 Of which Drugs and Pharmaceuticals 100.25 ¶ã½ãò Ôãñ ããõÓããä£ã ããõÀ ¹ãã½ããÃÔ¾ãìãäãÊã 100.25 Cement 679.10 Ôããè½ãò 679.10 Leather and Leather Products 209.92 Þã½ãü¡ã ããõÀ Þã½ãü¡ã ²ããñØã 209.92 Gems and Jewellery 286.84 ºãÖì½ãîʾã À¦¶ã Ìã ãã¼ãîÓã¥ã 286.84 Construction 1963.44 ãä¶ã½ããÃ¥ã 1963.44 Petroleum 521.99 ¹ãñÈãñãäÊã¾ã½ã 521.99 Automobiles including trucks 901.44 ããùãñ½ããñºããÊã ãäãÔã½ãò Èã ¼ããè Íãããä½ãÊã Öõ 901.44 Computer Software 162.19 ã½¹¾ãîÀ Ôããùû¹ãÌãñ¾ãÀ 162.19 Infrastructure 9688.44 ¶¹ãÆãÔÈãÞãÀ 9688.44 Of which Power 1157.67 ¶ã½ãò Ôãñ Íããäã¦ã 1157.67 Of which Telecommunications 1373.27 ¶ã½ãò Ôãñ ªîÀ ÔãâÞããÀ 1373.27 Of which Roads & Ports 1293.72 ¶ã½ãò Ôãñ Àãñ¡ ããõÀ ¹ããñ¦ã 1293.72 Other Industries 4992.24 㶾㠲ããñØã 4992.24 NBFCs & Trading 1727.84 ¶ãºããè¹ãÔããèÔã ããõÀ ̾ãã¹ããÀ 1727.84 Residual Advances to ÍãñÓã ÔããÊã ããäØãƽããò ãñ ¹ãÆãä¦ã ãÌããäÍãÓ ããäØãƽããò 42478.53 Balance Gross Advances 42478.53 ãìÊã 80782.48 TOTAL 80782.48
129 ¦ãããäÊããã ¡ãè ¹ã-5 Table DF-5 £ããÀ ããñãäã½ã: ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ããè Íã¦ãà ¹ãÀ ¹ããñùããñãäÊã¾ããñ ãñ CREDIT RISK: DISCLOSURES FOR PORTFOLIOS ãäÊã ¹ãÆããèãÀ¥ã SUBJECT TO THE STANDARDISED APPROACH Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã: Qualitative disclosures: £ããÀ ããñãäã½ã : ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ããè Íã¦ãà ¹ãÀ ¹ããñùããñãäÊã¾ããñ Credit Risk: Disclosures for portfolios subject ãñ ãäÊã ¹ãÆããèãÀ¥ã to Standardised Approach: Ôãã½ã㶾ã ãäÔã®ã¶¦ã General Principle: ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºãõâã ¶ãñ £ããÀ ããñãäã½ã ãñ In accordance with the RBI guidelines, the Bank has ãäÊã ¹ãîâããè ãñ ¹ããäÀãÊã¶ã Öñ¦ãì ¶ãà ¹ãîâããè ¹ã¾ããù¦ã¦ãã ¹ãÆñ½ãÌããà (¶ãÔããè¹ã) ãñ adopted Standardised Approach of the New Capital ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ããñ ã¹ã¶ãã ãäÊã¾ãã Öõý ¹ãîúããè ãñ ¹ããäÀãÊã¶ã ½ãò ºãõâã ¶ãñ Adequacy Framework (NCAF) for computation of capital for credit risk. In computation of capital the ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã ã¶ãìÔããÀ ããñãäã½ã ¼ããÀãò ããñ ãäÌããä¼ã¸ã bank has assigned risk weight to different asset ãããäԦ㠹ãÆÌãØããô ½ãò ããºãâãä¦ã ãÀ ã䪾ãã Öõý classes as prescribed by the RBI. ºããÖÀãè £ããÀ ÀñãäâØã External Credit Ratings: Ratings of borrowers by External Credit Rating Agencies ¶ãà ¹ãîâããè ¹ã¾ããù¦ã¦ãã ¹ãÆñ½ãÌããà (ºãñÔãÊã II) ãñ ãã¾ããöÌã¾ã¶ã ãñ ãäÊã ãäªÍãããä¶ãªóÍããò (ECRA) assumes importance in the light of Guidelines ããñ ªñã¦ãñ Öì ºããÖÀãè £ããÀ ÀñãäâØã ãñãä¶Ôã¾ããò (ÃÔããèããÀ) ´ãÀã £ããÀã¦ããÃããò for implementation of the New Capital Adequacy ããè ÀñãäâØã ãã ½ãÖ¦Ìã ºãü¤ Øã¾ãã Öõý ºããÖÀãè ÀñãäâØã ãñ ãã£ããÀ ¹ãÀ ãã¹ããóÀñ / Framework (Basel-II). Exposures on Corporates / PSEs/ ¹ããèÔãà / ¹ãÆã½ãÀãè ¡ãèÊãÀãò ããñ ãÔã¹ããñûãÀ ããñ ããñãäã½ã ¼ããÀ ããºãâãä¦ã ãäã¾ãã Primary Dealers are assigned with risk weights based Øã¾ãã Öõý Ôããñ ãäÊã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ¶ãñ ºãöããò ããñ ÞããÀ ªñÍããè¾ã ÃÔããèããÀ on external ratings. For this purpose, the Reserve Bank ãõÔãñ £ããÀ ãäÌãÍÊãñÓã¥ã Ìãâ ãäÀÔãÞãà ãäÊã., ãäããäÔãÊã ãäÊã., ãä¹ãÞã âã䡾ãã ããõÀ of India has permitted Banks to use the ratings of the four domestic ECRAs viz. Credit Analysis and Research ããÔããèããÀ ãäÊã., ããè ÀñãäâØã ãã ¹ãƾããñØã ãÀ¶ãñ ããè ã¶ãì½ããä¦ã ªãè Öõý Ltd, CRISIL Ltd, FITCH India and ICRA Ltd.
¹ã¾ãìÃã¦ã ãäªÍãããä¶ãªóÍããò ããñ £¾ãã¶ã ½ãò Àã¦ãñ Öì ºãöã ¶ãñ ¶ã Ôã¼ããè ºããÖÀãè £ããÀ In consideration of the above, the Bank has decided ÀñãäâØã ãñãä¶Ôã¾ããò (à Ôããè ããÀ )´ãÀã ããºãâãä¦ã ÀñãäâØã ããñ ÔÌããèããÀ ãÀ¶ãñ to accept the ratings assigned by all these ECRAs. ãã ãä¶ã¥ãþã ãäã¾ãã Öõý In order to facilitate the process of external rating ºããÖÀãè ÀñãäâØã ããè ¹ãÆãäã¾ãã ½ãò ¦ãñããè Êãã¶ãñ ããõÀ ØãÆãÖããò ããñ ã¹ã¶ãñ ãÔã¹ããñûãÀ and enabling the customers to solicit external ratings for their exposure smoothly, the bank has taken the ãñ ãäÊã ÔãÀÊã¦ãã Ôãñ ºããÖÀãè ÀñãäâØã ¹ãÆ㹦ã ãÀ¶ãñ ½ãò ÔãÖã¾ã¦ãã ¹ãƪã¶ã ãÀ¶ãñ ããè initiative by entering into separate MOU with all these ÒãäÓ Ôãñ ºãöã ¶ãñ ¶ã ÞããÀãò £ããÀ ÀñãäâØã ãñãä¶Ôã¾ããò ãñ Ôãã©ã ãÊãØã Ôã½ã¢ããõ¦ãã four credit rating agencies. The agreement provides ãã¹ã¶ã ãÀ¶ãñ ãñ ãäÊã ããÀÃÌããà ããè Öõý Ôã ãÀãÀ Ôãñ ºããÖÀãè £ããÀ ÀñãäâØã for extending concessional fees by the ECRAs for ãñãä¶Ôã¾ããò ´ãÀã ºãöã ãñ ØãÆãÖããò ããè ÀñãäâØã ãñ ãäÊã ãäÀ¾ãã¾ã¦ããè ÍãìÊã ¹ãƪã¶ã rating banks customers. The MOUs do not have ãäã¾ãã ãã¦ãã ÖõýºãÖÀÖãÊã Ôã½ã¢ããõ¦ãã ãã¹ã¶ã ½ãò ñÔãã ããñà ãäÌãÍãñÓããèãÀ¥ã ¹ãºãâ£ã any exclusivity clause to deal with. Borrowers at ¶ãÖãé Öõý £ããÀã¦ããà ã¹ã¶ãñ ãäÌãÞããÀ Ôãñ ¶ã ÞããÀãò ãñãä¶Ôã¾ããò ½ãò Ôãñ ãäãÔããè ã their option can approach any one or more of the ¾ãã ããä£ãã Ôãñ ã¹ã¶ãñ ãÔã¹ããñûãÀ ããè ÀñãäâØã ãñ ãäÊã ãÖ Ôãã¦ãñ Ööý ºãöã ¶ãñ above ECRAs for their rating. The Bank has only used the solicited ratings assigned by any of the ºããÖÀãè £ããÀ ÀñãäâØã ãñ¶Ôããè ´ãÀã ããºãâãä¦ã ãäãÔããè ¼ããè ãñ¶Ôããè ´ãÀã ãä¶ã£ããÃãäÀ¦ã ECRAs. External ratings assigned fresh or reviewed ÀñãäâØã ãã ¹ãƾããñØã ãäã¾ãã Öõý ãä¹ãÊãñ 15 ½ãÖãè¶ããò ãñ ªãõÀã¶ã ªãè Øãà ¶ãà ¾ãã during the previous 15 months are reckoned for ¹ãì¶ãÀãèãäàã¦ã ÀñãäâØã ããñ Öãè ºãöã ´ãÀã ¹ãîâããè ãñ ããä¼ããÊã¶ã ãñ ãäÊã ãäÖÔããºã ½ãò capital computation by the bank. Wherever a ãäÊã¾ãã ãã¦ãã Öõý ãÖãâ ãÖãé ãäãÔããè £ããÀã¦ããà ããñ ºããÖÀãè £ããÀ ÀñãäâØã ãñ¶Ôããè borrower possesses more than one rating from ECRAs Ôãñ ã ¾ãã ããä£ãã ÀñãäâØã ãä½ãÊããè Öõ, ÌãÖãâ ¹ãîâããè ãñ ããä¼ããÊã¶ã ãñ ãäÊã the guidelines prescribed by the RBI are followed ããñãäã½ã ¼ããÀ ãñ ããºãâ¶ã ãñ Ôãâºãâ£ã ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãä¶ã£ããÃãäÀ¦ã as regards to assignment of risk weight for ãäªÍãããä¶ãªóÍããò ãã ã¶ãìÔãÀ¥ã ãäã¾ãã ãã¶ãã Öõý computation of capital. The bank has a well structured internal credit rating ãäãÔããè £ããÀã¦ããà Ôãñ ãìü¡ãè Öìà £ããÀ ããñãäã½ã ãã ½ãîʾããâã¶ã ãÀ¶ãñ ãñ ãäÊã mechanism to evaluate the credit risk associated with ºãöã ½ãò ÔãìÔãâÀãäÞã¦ã ã㶦ããäÀã £ããÀ ÀñãäâØã ¹ãÆ¥ããÊããè Öõ ããõÀ ¦ãª¶ãìÔããÀ ¹ãÆÔ¦ããÌããò a borrower and accordingly the systems are in place for taking credit decision as regards the acceptability
130 ããè ÔÌããèãã¾ãæãã ããõÀ ãÔã¹ããñûãÀ ãã Ô¦ãÀ ¦ã©ãã ããè½ã¦ã ãä¶ã£ããÃÀ¥ã ãñ Ôãâºãâ£ã ½ãò of proposals and level of exposures and pricing. £ããÀ ãä¶ã¥ãþã Êãñ¶ãñ ãñ ãäÊã ¼ããè ¹ãÆ¥ããÊããè Öõý ºãÖÀÖãÊã, ¹ãîâããè ¹ããäÀãÊã¶ã ãñ However, such rating cannot be used for application ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¦ãÖ¦ã ããñãäã½ã ¼ããÀ ãñ ã¶ãì¹ãƾããñØã ãñ ãäÊã Ôã of risk weight under Standardised Approach of capital ¹ãÆããÀ ããè ÀñãäâØã ãã ¹ãƾããñØã ¶ãÖãé ãäã¾ãã ãã Ôãã¦ããý ¦ãª¶ãìÔããÀ ºãöã ¶ãñ, 31- computation. Accordingly the bank has taken into consideration the borrowers loan exposure credit 03-2010 ¦ãã £ããÀ ããñãäã½ã ãñ ãäÊã ¹ãîâããè ãã ¹ããäÀãÊã¶ã ãÀ¦ãñ Ôã½ã¾ã, ratings assigned by the approved ECRAs while ºãöã ããè ã¶ãì½ããñã䪦㠺ããÖÀãè £ããÀ ÀñãäâØã ãñãä¶Ôã¾ããò ´ãÀã ããºãâãä¦ã £ããÀã¦ããà computing the capital for credit risk as on 31.03.2010 ããè ¨ãÉ¥ã ãÔã¹ããñûãÀ ÀñãäâØã ããñ ãã¹ããóÀñ ããõÀ ¹ããèÔãà ãñ ¦ãÖ¦ã ãäÊã¾ãã Öõý under corporate and PSE segments ãã¹ããóÀñ / ¹ããèÔãà ãñ ãäÌãÍãñÓã ãä¶ãØãýããò ½ãò ºãöã ãñ ãä¶ãÌãñÍã ãñ ½ãã½ãÊãñ ½ãò In case of banks investment in particular issues of ã¶ãì½ããñã䪦㠺ããÖÀãè £ããÀ ÀñãäâØã ãñ¶Ôããè ããè ãäãÔããè ãä¶ãØãýã ãäÌãÍãñÓã ãñ ãäÊã corporates / PSEs the issue specific rating of the ÀñãäâØã ããñ ÔãâØããä¥ã¦ã ãäã¾ãã ãã¦ãã Öõ ããõÀ ¦ãª¶ãìÔããÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ approved ECRAs are reckoned and accordingly the risk weights have been applied after a corresponding ãäªÍãããä¶ãªóÍããò ½ãò ªãè Øãà ÀñãäâØã ÔãñÊã ããè Ôã½ãÌã¦ããê ãäÌ㦦ããè¾ã ãäÔ©ããä¦ã ãñ ºã㪠mapping to rating scale provided in RBI guidelines. ããñãäã½ã ¼ããÀ ãã ã¶ãì¹ãƾããñØã ãäã¾ãã ãã¦ãã Öõý For the purpose of capital computation of overseas ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ãäÌãªñÍã ½ãò ãäª Øã £ããÀãò exposures, ratings assigned by the international ãñ ¹ãîâããè ¹ããäÀãÊã¶ã ãñ ÿñ;ã Ôãñ ãä¹ãÞã, ½ãî¡ãèÔã ããõÀ Ôö¡¡Ã ¥¡ ¹ãîÀ rating agencies namely Fitch, Moodys and Standard 㶦ãÀÀãÓÈãè¾ã ÀñãäâØã ãñãä¶Ôã¾ããò, ããñ ¼ããè ¹ãÊ㺣ã Öãñ, ´ãÀã ããºãâãä¦ã ÀñãäâØã & Poors is used, whichever is available, as per RBI ãã ¹ãƾããñØã ãäã¾ãã Øã¾ãã Öõý guidelines. As regards the coverage of exposures in India by ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¦ã֦㠹ãîâããè ãñ ¹ããäÀãÊã¶ã ãñ ã¶ãì¹㠺ããÖÀãè ÀñãäâØã external ratings as relevant for capital computation ´ãÀã ¼ããÀ¦ã ½ãò ãÔã¹ããñûãÀ ãñ ãÌãÀñã ãñ Ôãâºãâ£ã ½ãò ¹ãÆãäã¾ãã ããñ £ããÀã¦ããÃããò under Standardised Approach, the process needs ãñ ºããèÞã ¹ãÆÞããäÊã¦ã ãäã¾ãã ãã¶ãã Öõ ¦ãããäã ã¹ã¶ãñ ØãÆãÖããò ããè ºãñÖ¦ãÀ ÀñãäâØã ãñ to be popularized among the borrowers so as to ãäÊã ¹ãÊ㺣㠹ãîâããè ÀãÖ¦ã ãã Êãã¼ã ã¾ãã ãã Ôããñý £ããÀã¦ããÃããò ããñ ã¹ã¶ãñ take the benefit of capital relief available for better- ãÀãñºããÀ ãäÌãÔ¦ããÀ ãñ ãäÊã ã ãÌãÔãÀ ãñ ¹㠽ãñ ºããÛã ÀñãäâØã ¹ãÀ ãäÌãÞããÀ rated customers. The borrowers need to consider the external rating as an opportunity for their business ãÀ¶ãñ ããè ããÌã;ãã¦ãã Öö ãäãÔã½ãò ãì Ôã½ã¾ã ÊãØã Ôãã¦ãã Öõý development, which would take some time. ¹ãƽãã¨ã㦽ãã ¹ãÆããèãÀ¥ã Quantitative Disclosures (Á. ãÀãñü¡ ½ãò) (Rs. in crore) ÌãØããêãÀ¥ã ã½ã ãÀ¶ãñ ºããÖÀãè ÀñãäâØã ÀñãäâØã ¶ãÖãé Classification Exposure EAM covered Unrated ãñ ¹ãÍÞãã¦ã ãñ ã£ããè¶ã ããè Øãà after Mitigation under External ãÔã¹ããñãÀ ããÌããäÀ¦ã (EAM) Rating (½ã) ½ã ADVANCES/ INVESTMENT
ããäØãƽã / ãä¶ãÌãñÍã Below 100% risk weight 54409.69 10106.55 44303.13 100% ããñãäã½ã ¼ããÀ Ôãñ ã½ã 54409.69 10106.55 44303.13 100% risk weight 41821.57 2541.89 39279.68 100% ããñãäã½ã ¼ããÀ 41821.57 2541.89 39279.68 More than 100% risk weight 9763.98 423.63 9340.35 100% ããñãäã½ã ¼ããÀ Ôãñ ããä£ãã 9763.98 423.63 9340.35 Deducted 0.00 0.00 0.00 Üãã¾ãã Öìãã 0.00 0.00 0.00 ãìÊã 105995.24 13072.07 92923.16 Total 105995.24 13072.07 92923.16 㶾ã ãããäÔ¦ã¾ããú OTHER ASSETS 100% ããñãäã½ã ¼ããÀ Ôãñ ã½ã 12236.96 0.00 12236.96 Below 100% risk weight 12236.96 0.00 12236.96 100% ããñãäã½ã ¼ããÀ 2995.00 0.00 2995.00 At 100% risk weight 2995.00 0.00 2995.00 100% ããñãäã½ã ¼ããÀ Ôãñ ããä£ãã 40.00 0.00 40.00 More than 100% risk weight 40.00 0.00 40.00 Üãã¾ãã Öìãã 0.00 0.00 0.00 Deducted 0.00 0.00 0.00 ãìÊã 15271.96 0.00 15271.96 Total 15271.96 0.00 15271.96
131 ¦ãããäÊããã ¡ãè¹ã - 6 Table DF 6 £ããÀ ããñãäã½ã ã½ã ãÀ¶ãã : ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ãäÊã CREDIT RISK MITIGATION: DISCLOSURES ¹ãÆããèãÀ¥ã FOR STANDARDISED APPROACHES Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã Qualitative disclosures: £ããÀ ããñãäã½ã ã½ã ãÀ¶ãã : ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ãäÊã Credit Risk Mitigation: Disclosures for ¹ãÆããèãÀ¥ã: Standardised Approaches: £ããÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ¹ãÀ ¶ããèãä¦ã Policy on Credit Risk Mitigation: ãäÌããä¶ã¾ãã½ãã ã¹ãñàããããò ãñ ã¶ãì¹ã Ôãâ¹ãããäÍÌãÃã ¹ãÆãä¦ã¼ãîãä¦ã ¹ãƺãâ£ã¶ã ¦ã©ãã £ããÀ In line with the regulatory requirements, the bank has put in place a well-articulated policy on collateral ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ãñ ¦ãã¶ããèã ¹ãÀ ºãÖì¦ã Öãè Ô¹ãÓ ¶ããèãä¦ã ºãöã ´ãÀã ºã¶ããà management and credit risk mitigation techniques Øãà Öõ ããñ ºãöã ãñ ½ãâ¡Êã ´ãÀã ãäÌããä£ãÌã¦ãá ã¶ãì½ããñã䪦ã Öõý ¶ããèãä¦ã ½ãò ºãöã ´ãÀã duly approved by the banks Board. The Policy lays ¨ãɥ㠪ñ¦ãñ Ôã½ã¾ã Ôãã½ã㶾ã¦ã: ÔÌããèããÀ ããè Øãà ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ¹ãÆããÀ ¦ã©ãã Ôããñ down the type of securities normally accepted by the bank for lending and administration/monitoring Ôãã©ã ãìüü¡ñ Öì ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ãñ ºããÀñ ½ãò ÊÊãñã Öõ ¦ãããäã ºãöã ãñ of such securities in order to safeguard/protect the ãäÖ¦ã ããè ÔãìÀàãã / Ààãã Öãñ ¦ã©ãã ñÔããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãã ¹ãÆÍããÔã¶ã / ¹ãƺããñ£ã¶ã ¼ããè interest of the bank so as to minimize the risk Öãñý associated with it. The main types of securities (both prime and ºãöã ´ãÀã ÔÌããèããÀ ããè Øãà ¹ãÆãä¦ã¼ãîãä¦ã¾ããò (½ãîÊã ¦ã©ãã Ôãâ¹ãããäÍÌãÃã ªãñ¶ããò) ãñ collateral) accepted by the Bank includes Banks own ¹ãƽãìã ¹ãÆããÀ ½ãò ÔÌã¥ãà / ãã¼ãîÓã¥ã, âãäªÀã ãäÌãããÔã ¹ã¨ã, ãäãÔãã¶ã ãäÌãããÔã ¹ã¨ã, deposits, Gold/Ornaments, Indira Vikas Patras, Kisan 10 ÌãÓããê¾ã Ôãã½ãããäãã ÔãìÀàãã ¹ãƽãã¥ã-¹ã¨ã, Íãñ¾ãÀ Ìã ã䡺ãòÞãÀ, ãñâ³ ¦ã©ãã Àã¾ã Vikas Patras, 10 year Social Security Certificates, ÔãÀããÀ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú, ããèÌã¶ã ºããè½ãã ¹ããùãäÊããäÔã¾ããú, ½¾ãîÞ¾ãìãÊã ¹ãâ¡ ¾ãîãä¶ãò, Shares and debentures, Central and State Govt. securities, Life Insurance Policies, Mutual Fund units, ãÞãÊã Ôãâ¹ãã䦦ã¾ããú, Ôãâ¾ãâ¨ã Ìã ½ãÍããè¶ãÀãè, ½ããÊã ¦ã©ãã Ìãããä¥ã¾ã ÌãÔ¦ãìú, ½ããÊã ãñ Immovable Properties, Plant and Machinery, Goods Öã-ãäÌãÊãñã, ºãÖãèØã¦ã ¨ãÉ¥ã, Ìããֶ㠦ã©ãã 㶾ã ÞãÊã Ôãâ¹ãã䦦ã¾ããú Íãããä½ãÊã Öö and Merchandise, Documents of Title to Goods, Book ãäãÔã½ãò ºãöã ããè ã¹ã¶ããè ã½ããú ¼ããè Öö ý ºãöã ¶ãñ ãÞãÊã Ôãâ¹ãã䦦ã¾ããò ããõÀ Ôãâ¾ãâ¨ã debts, Vehicles and other moveable assets. The ¦ã©ãã ½ãÍããè¶ããäÀ¾ããò ãñ ½ãîʾããâã¶ã ¹ãÀ ÔãìÔ¹ãÓ ¶ããèãä¦ã ºã¶ããà Öõ ããñ ºãöã ãñ ½ãâ¡Êã bank has also framed a well-defined policy on valuation of immovable properties and Plant and ´ãÀã ãäÌããä£ãÌã¦ãá ã¶ãì½ããñã䪦ã Öõ ý Machineries duly approved by Board. ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¦ã֦㠣ããÀ ããñãäã½ã ã½ã ãÀ¶ãã Credit Risk Mitigation under Standardised Approach: ã) ¹ãã¨ã ãäÌ㦦ããè¾ã Ôãâ¹ãããäÍÌãÃã: (a) Eligible Financial Collaterals:
¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ÔãîãäÞã¦ãã¶ãìÔããÀ ºãöã ¶ãñ ½ãã¶ãããèãð¦ã ¹ãÆ¥ããÊããè As advised by RBI, the Bank has adopted the ãñ ¦ã֦㠣ããÀ ããñãäã½ã ã½ã ãÀ¶ãñ Ôãñ Ôãâºãâãä£ã¦ã ̾ãã¹ãã ¹ãÆ¥ããÊããè ã¹ã¶ãã¾ãã comprehensive approach relating to credit risk Öõ, ãäãÔãÔãñ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ¹ãÀ ãä¶ã¾ã¦ã ½ãîʾã Ôãñ ¨ãÉ¥ã ÀããäÍã ããñ ¹ãƼããÌããè mitigation under Standardised Approach, which allows fuller offset of securities (prime and ¤âØã Ôãñ ã½ã ãÀããñ £ããÀ ããñãäã½ããò ãñ ¹ãÆãä¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò (½ãîÊã ¦ã©ãã collateral) against exposures, by effectively Ôãâ¹ãããäÍÌãÃã) ããñ Ôãâ¹ãî¥ãà ¹ã Ôãñ ããù¹ãÔãñ ãÀ¶ãñ ãñ ãäÊã ã¶ãì½ããä¦ã reducing the exposure amount by the value ¹ãÆ㹦ã Öãñ¦ããè Öõý ã¦ã: ¹ãã¨ã ãäÌ㦦ããè¾ã Ôãâ¹ãããäÍÌãÃã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããñ £ããÀ ascribed to the securities. Thus the eligible ããñãäã½ã ¹ãîúããè ãñ ¹ããäÀãÊã¶ã ½ãò £ããÀ ÀããäÍã ããñ ã½ã ãÀ¶ãñ ãñ ãäÊã financial collaterals are fully made use of to reduce the credit exposure in computation of ¹ãîÀã-¹ãîÀã ¹ã¾ããñØã ãäã¾ãã Øã¾ããý ñÔãã ãÀ¦ãñ Ôã½ã¾ã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã credit risk capital. In doing so, in line with RBI ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãì¹㠺ãöã ¶ãñ ãäÌããäÍãÓ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããñ ½ã㶾ã¦ãã guidelines, the bank has recognized specific ã䪾ãã ãõÔãã ãäã ã) ºãöã ã½ããú ã) ÔÌã¥ãà / ãã¼ãîÓã¥ã Øã) ããèÌã¶ã ºããè½ãã securities viz (a) bank deposits (b) gold/ ornaments (c) life insurance policies (d) kisan ¹ããùãäÊãÔããè Üã) ãäãÔãã¶ã ãäÌãããÔã ¹ã¨ã (2 1/2 ÌãÓãà ããè Êããùã-¶ã ãÌããä£ã vikas patras (after a lock in period of 2 ½ years). ãñ ºããª)ý (b) On/Off Balance Sheet Nettings: ã) ããù¶ã / ããù¹ã ¦ãìÊã¶ã ¹ã¨ã ¶ãñãäâØÔã: As per Banks policy on utilization of the credit risk mitigation techniques and collateral £ããÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ããè ¦ãã¶ããèã ããõÀ Ôãâ¹ãããäÍÌãÃã ¹ãƺãâ£ã¶ã management, onbalance sheet netting has been ãñ Ôãªì¹ã¾ããñØã ¹ãÀ ºãöã ããè ¶ããèãä¦ã ãñ ã¶ãìÔããÀ £ããÀã¦ããà ãñ ¨ãÉ¥ããò / reckoned to the extent of deposits available
132 ããäØãƽããò ( ¨ãÉ¥ã Ôããè½ãã ¦ãã ããä£ãã¦ã½ã ) ãñ ¹ãÆãä¦ã ããù¶ã ºãõñÊãòÔã Íããè against loans/advances of the borrower ¶ãñãäâØã ããè Øã¥ã¶ãã ããè Øã¾ããè Öõ ãÖãú ºãöã ãñ ¹ããÔã ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã (maximum to the extent of exposure), where bank has legally enforceable netting arrangements ´ãÀã ãä¶ã£ããÃãäÀ¦ã ãäÌããä£ãã ¹ã Ôãñ ¹ãÆÌã¦ãöããè¾ã ¶ãñãäâØã ̾ãÌãÔ©ãã Öõ ãäãÔã½ãò involving specific lien with proof of ªÔ¦ããÌãñããèãÀ¥ã ãñ Ôããà¾ããò ãñ Ôãã©ã ØãÆÖ¥ãããä£ãããÀ Íãããä½ãÊã Öõý ñÔãñ documentation as prescribed by RBI. In such ½ãã½ãÊããò ½ãñâ ¹ãîúããè ããè Øã¥ã¶ãã ãä¶ãÌãÊã £ããÀ ãñ ãã£ããÀ ¹ãÀ ããè ãã¦ããè Öõý cases the capital computation is done on the ãÖãú ¦ãã ããù¹ã Ôãã ºãöÊãâÔã Íããè ¶ãñãäâØã ãã Ôãâºã£ã Öõ, ¶ã¹ãÀ basis of net credit exposure. In so far as off- balance sheet netting is concerned, these are ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã Ôãñ ãäÌãÍãñÓã ¹ã Ôãñ ã¶ãì½ããä¦ã ¹ãÆ㹦ã Öãñ¶ãñ ¹ãÀ, covered by guarantees/credit derivatives ØããÀâãä¾ããò / ãñãä¡ ¡ñãäÀÌãñãäÌÔã Ôãñ ãÌãÀ ¹ãÆ㹦ã Öõý Ìã¦ãýãã¶ã ½ãò ºãöã ½ãò whenever specifically permitted by RBI. ããñà ¼ããè ããù¹ã Ôããà ºãõÊãâÔã Íããè ¶ãñãäâØã ¶ãÖãé Öõý Presently, the bank does not have any off- balance sheet netting. Øã ) ¹ãã¨ã ØããÀâãä¾ããú: (c) Eligible Guarantees: Ôãã©ã Öãè, £ããÀ ããñãäã½ã ã½ã ãÀ¶ãñ ãã 㶾ã ã¶ãì½ããñã䪦ã ¹㠹ãã¨ã Besides, other approved form of credit risk ØããÀâãä¾ããâò ããè ¹ãÊ㺣ã¦ãã Öõý £ããÀ ããñãäã½ã ¹ãîúããè ãñ ¹ããäÀãÊã¶ã ½ãò mitigation is availability of Eligible Guarantees. ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãì¹ã ããñãäã½ã ã½ã ãÀ¶ãñ In computation of credit risk capital the types of guarantees recognized for taking mitigation, in ãñ ãäÊã ½ã㶾ã ØããÀâãä¾ããò ãñ ¹ãÆããÀ Ôã ¹ãÆããÀ Öö ã) ãò³ ÔãÀããÀ line with RBI guidelines are (a) Central (0%) ã) Àã¾ã ÔãÀããÀ (20%) Øã) ÔããèããèãèÔããã (0%) Government (0%) (b) State Government (20%), Üã) ÔããèããèÔããè (20%) Ý) Ôããã-¹ã¨ã ãñ ã£ããè¶ã ãÀãèªñ Øã / ¼ãì¶ãã (c) CGTSI (0%) (d) ECGC (20%) (e) Banks in Øã ãäºãÊããò ãñ ¹㠽ãò ºãöã ØããÀâãè (ªãñ¶ããò ªñÍããè Ìãâ ãäÌãªñÍããè ºãöããò ãñ the form of Bills Purchased/discounted under ãäªÍãã-ãä¶ãªóÍã ãñ ã¶ãìÔããÀ) Letters of Credit (both domestic and foreign banks as per guidelines). ºãöã ¶ãñ £ããÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ãñ ½ãã½ãÊãñ ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãà The bank has ensured compliance of legal ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã ãäÌããä£ãã ãä¶ããäÍÞã¦ã¦ãã ãñ ã¶ãì¹ããÊã¶ã ããñ Ôãìãä¶ããäÍÞã¦ã certainty as prescribed by the RBI in the matter ãäã¾ãã Öõý of credit risk mitigation. Concentration risk in credit risk mitigation: £ããÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ½ãò Ôãâãò³ãèãÀ¥ã ããñãäã½ã Policies and process are in place indicating the type ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¦ã֦㠹ãîúããè ããè Øã¥ã¶ãã ãñ ãäÊã ºãöã ´ãÀã ¹ãƾããñØã ãñ of mitigations the bank use for capital computation Êãã ãã ÀÖñ ããñãäã½ã ãñ ¹ãÆããÀãò ããñ ªÍããæãñ Öì ¶ããèãä¦ã¾ããú Ìãâ ¹ãÆãäã¾ãã ¹ãÆÔ¦ãì¦ã under the Standardised approach. All types of Ööý £ããÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ãñ ãäÊã ¹ãã¨ã Ôã¼ããè ¹ãÆããÀ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú securities (financial collaterals) eligible for mitigation are easily realizable financial securities. As such, ããÔãã¶ããè Ôãñ ØããÖãè ¾ããñؾã ãäÌ㦦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããú Ööý ÌãÔ¦ãì¦ã: ºãöã ½ãò £ããÀ the bank doesnt envisage any concentration risk in ããñãäã½ã ã½ã ãÀ¶ãñ ãñ ãäÊã ããñà Ôãâãñ¶³ãè¾ããÀ¥ã ããñãäã½ã ¶ãÖãé Öõ ããõÀ credit risk mitigation used and presently no limit/ Ìã¦ãýãã¶ã ½ãò £ããÀ ããñãäã½ã ã½ã ãÀ¶ãñ ãñ ¦ã֦㠹ãƦ¾ãñã ¹ãÆããÀ ããè Ôãâ¹ãããäÍÃÌãã ceiling has been prescribed for the quantum of each type of collateral under credit risk mitigation. ããè ¹ãƽãã¨ãã ãñ ãäÊã ããñà ¨ãÉ¥ã Ôããè½ãã/Ôããè½ãã ãä¶ã£ããÃãäÀ¦ã ¶ãÖãé ããè Øãà Öõý
133 (Á. ãÀãñü¡ ½ãò) (Rs. In Crore) ¹ãƽãã¨ã㦽ãã ¹ãÆããèãÀ¥ã Quantitative Disclosures ãÊãØã Ôãñ ¹ãƦ¾ãñã ¹ãÆããèãð¦ã £ããÀ ããñãäã½ã ¹ããñùããñãäÊã¾ããñ For each separately disclosed credit risk portfolio, the exposure (after, where ãñ ãäÊã Öñ¾ãÀã ãñ ã¶ãì¹ãƾããñØã ãñ ºã㪠¹ãã¨ã ãäÌ㦦ããè¾ã applicable, on or off balance sheet netting) Ôãâ¹ãããäÌãÍÃã ´ãÀã ãÌãÀ ãäã¾ãñ Øã¾ãñ ãìÊã ããñãäã½ã that is covered by Eligible Financial (ãÖãú ÊããØãî Öãñ, ããù¶ã ¾ãã ããù¹ã ºãõÊãòÔã Íããè ¶ãñãäâØã ãñ ºããª) 11413.33 Collateral after application of haircuts 11413.33 ÔããÌãÃããä¶ãã àãñ¨ã ãñ ¹ãÆãä¦ãÓã¶ã 157.84 Public Sector Entities 157.84 ãã¹ããóÀñ 3137.33 Corporates 3137.33 ãäÌããä¶ã¾ãã½ãã ãäÀñÊã ¹ããñùããñãäÊã¾ããñ (ããÀããÀ¹ããè) 1018.62 Regulatory Retail Portfolio (RRP) 1018.62 ããÌããÔããè¾ã ¹ããäÀÔãâ¹ã¦¦ããè ´ãÀã ÔãìÀãäàã¦ã ªãÌãã 12.29 Claims secured by Residential Property 12.29 Ìãããä¥ããä¾ãã Ô©ããÌãÀ Ôãâ¹ãªã ´ãÀã ÔãìÀãäàã¦ã ªãÌãã 34.29 Claims secured by Commercial Real Estate 34.29 ¹ã¼ããñã¦ãã £ããÀ 6753.58 Consumer Credit 6753.58 ¹ãîúããèØã¦ã ãäÌã¹ã¥ã¶ã ããñãäã½ã 38.86 Capital Market Exposure 38.86 ¶ãºããè¹ãÔããè 3.13 NBFC 3.13 ã¶ãÃãã ãããäÔ¦ã¾ããú - ã) ããÌããÔã ¨ãÉ¥ã 0.09 Non Performing Assets a) Housing Loan 0.09 ã¶ãÃãã ãããäÔ¦ã¾ããú - ãã) 㶾ã 28.02 Non Performing Assets b) Others 28.02 㶾ã ãããäÔ¦ã¾ããú - Ôãù¹ã ¨ãÉ¥ã 30.48 Other Assets Staff Loans 30.48 㶾ã ãããäÔ¦ã¾ããú 37.92 Other Assets 37.92 ¹ãì¶ãÔãÄÀãäÞã¦ã ãã¦ãã 160.58 Restructured Account 160.58
(Á. ãÀãñü¡ ½ãò) (Rs. In Crore) ¹ãƽãã¨ã㦽ãã ¹ãÆããèãÀ¥ã Quantitative Disclosures ãÊãØã Ôãñ ¹ãƦ¾ãñã ¹ãÆããèãð¦ã £ããÀ ããñãäã½ã For each separately disclosed credit risk ¹ããñùããñãäÊã¾ããñ ãñ ãäÊã ØããÀâãä¾ããò/£ããÀ ̾ã즹ã¸ããò portfolio, the total exposure (after, where applicable, on or off balance sheet netting) (ãºã ã¼ããè ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ãäÌãÍãñÓã ¹ã Ôãñ that is covered by guarantees / Credit ã¶ãì½ã¦ã Öãñ) ´ãÀã ãÌãÀ ãäã¾ãñ Øã¾ãñ ãìÊã ¨ãÉ¥ã Derivatives (whenever specifically (ãÖãú ÊããØãî Öãñ,ããù¶ã ¾ãã ããù¹ã ºãõÊãâÔã Íããè ¶ãñãäâØã ãñ ºããª) 6470.36 permitted by RBI) 6470.36 ÔããÌãÃããä¶ãã àãñ¨ã ããè ãâ¹ã¶ããè 2490.24 Public Sector Entities 2490.24 ãã¹ããóÀñ 3641.12 Corporates 3641.12 ãäÌããä¶ã¾ãã½ãã ãäÀñÊã ¹ããñùããñãäÊã¾ããñ (ããÀããÀ¹ããè) 286.03 Regulatory Retail Portfolio (RRP) 286.03 ¹ãì¶ãÔãÄÀãäÞã¦ã ãã¦ãã 52.97 Restructured Account 52.97
134 ¦ãããäÊããã ¡ãè¹ã 7 Table DF 7 ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã : ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ãäÊã ¹ãÆããèãÀ¥ã SECURITISATION: DISCLOSURE FOR STANDARDISED APPROACH Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã Qualitative Disclosures
ã) ãä¶ã½¶ããäÊããäã¦ã ÞãÞããà ããñ Íãããä½ãÊã ãÀ¦ãñ 31.03.2009 ããñ Ôã½ã㹦ã a) The general qualitative No securitisation Öì ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãñ Ôãâºãâ£ã ½ãò Ôãã½ã㶾ã ÌãÓãà ãñ ãäÊã ããñà disclosure requirement with for the year ended respect to securitisation, 31.03.2009 Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã ã¹ãñàãã ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ¶ãÖãé ãäã¾ãã including a discussion of: Øã¾ãã Öõý * ãäÌã²ã½ãã¶ã ¹ãÆãä¦ã¼ãî¦ã ûããñãäã½ããò ãñ £ããÀ * The banks objectives in relation to securitisation ûããñãäã½ã ããñ ¾ãñ Øããä¦ããäÌããä£ã¾ããú ãäãÔã Öª activity, including the extent ¦ãã ºãöã Ôãñ ¹ãÀñ 㶾ã ãã¾ããò ããñ to which these activities ãâ¦ããäÀ¦ã ãÀ¦ããè Öö Ôã Öª ¦ãã ¶Öò transfer credit risk of the Íãããä½ãÊã ãÀ¦ãñ Öì½ãì ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ããè underlying securitised exposures away from the Øããä¦ããäÌããä£ã ãñ Ôãâºã£ã ½ãò ºãöã ãã ÿñ;ãý bank to other entities. * The roles played by the * ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ¹ãÆãäã¾ãã ½ãò ºãöã ããè bank in securitisation ¼ãîãä½ããã ããõÀ ÔãÔãñ Ôãâºãâãä£ã¦ã ¹ãƦ¾ãñã ãã¾ãà process and an indication ½ãò ºãöã ãñ Íãããä½ãÊã Öãñ¶ãñ ãñ ºããÀñ ½ãò ÔãîÞã¶ãã of the extent of the banks ããõÀ involvement in each of them, and * ã¹ã¶ãñ ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãã¾ãà ãñ ãäÊã ºãöã * The regulatory capital ´ãÀã ã¹ã¶ãã¾ããè Øã¾ããè ãäÌããä¶ã¾ãã½ãã ¹ãîúããè approach that the bank ÒãäÓããñ¥ã follows for its securitisation activities. ã) ãä¶ã½¶ããäÊããäã¦ã ããñ Íãããä½ãÊã ãÀ¦ãñ Öì b) Summary of the banks ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãã¾ããô ãñ ãäÊã ºãöã ´ãÀã accounting policies for securitisation activities, ã¹ã¶ãã¾ããè Øãà Êãñããâã¶ã ¶ããèãä¦ã¾ããò ãã ÔããÀ including : * Recognition of gain on sale, * ãäºãããè ¹ãÀ Êãã¼ã ããè ¹ãÖÞãã¶ã ããõÀ and
* ¹ãÆãä¦ã£ãããäÀ¦ã ãäÖ¦ããò ãñ ½ãîʾããâã¶ã ãñ ãäÊã * Key assumption for valuing ¹ãƽãìã ¹ãîÌããããÀ¥ããú, ãäãÔã½ãò ãä¹ãÊãñ retained interests, including any significant changes ãäÀ¹ããñãäÄØã ãÌããä£ã ãñ ºã㪠ÊÊãñã¶ããè¾ã since the last reporting ¹ããäÀÌã¦ãö㠦ã©ãã ñÔãñ ¹ããäÀÌã¦ãöããò ãã ¹ãƼããÌã period and the impact of Íãããä½ãÊã Öõ such changes. c) Names of ECAIs used for Øã) ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãñ ãäÊã ¹ãƾããñØã ããè Øãà securitisations and the types Ôããèãã ãñ ¶ãã½ã ããõÀ ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã of securitisation exposure ããñãäã½ããò ãñ ¹ãÆããÀ ãäãÔããñ ãäÊã ¹ãƦ¾ãñã for which each agency is used. ñãòÔããè ãã ¹ãƾããñØã ãäã¾ãã Øã¾ãã Öõ ý Quantitative Disclosures ¹ãƽãã¨ã㦽ãã ¹ãÆããèãÀ¥ã d) the total outstanding Nil Íãã exposures securitised by Üã) ºãöã ´ãÀã ¹ãÆãä¦ã¼ãîãä¦ããð¦ã ããõÀ ããñãäã½ã the bank and subject to ¹ãÆããÀãò ãñ ûããäÀ ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ¹ãÆñ½ãÌããà securitisation framework by ãñ Íã¦ããô ãñ ã¶ãìÔããÀ ãìÊã ºããã¾ãã exposure type.
135 ããñãäã½ã e) For exposures securitised by the Bank and subject to thesecuritisation framework. Ý) ºãöã ´ãÀã ¹ãÆãä¦ã¼ãîãä¦ããð¦ã ãÔã¹ããñãÀ ããõÀ ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ¹ãÆñ½ãÌããà ãñ ã£ããè¶ã Êãã¾ãñ * Amount of impaired/past due assets securitised; and Øã¾ãñ ããñããäã½ã * Losses recognised by the * ãäÌã¶ãÓ / ¹ãìÀã¶ãñ ªñ¾ã ãããäÔ¦ã¾ããò ããè Bank during the current ¹ãÆãä¦ã¼ãîãä¦ããð¦ã Àã½ã ããõÀ period broken down by exposure type * ÞããÊãî ãÌããä£ã ãñ ªãõÀã¶ã ºãöã ´ãÀã f) Aggregate amount of ¹ãÖÞãã¶ããè Øãà Öããä¶ã ãäãÔãñ ãÔã¹ããñãÀ ãñ securitisation exposures ¹ãÆããÀ ãñ ã¶ãìÁ¹ã ºããú ªãè Øãà Öãñ retained or purchased broken down by exposure Þã) ¹ãÆãä¦ã£ãããäÀ¦ã ¾ãã ãÀãèªñ Øã ¹ãÆãä¦ã¼ãîãä¦ããð¦ã type ãÔã¹ããñãÀ ããè ããõÔã¦ã Àã½ã ãäãÔãñ g) Aggregate amount of ããñãäã½ã ãñ ¹ãÆããÀ ãñ ã¶ãìÁ¹ã ºããú ªãè securitisation exposures Øãà Öãñ retained or purchased broken down into a meaningful number of risk ) ¹ãÆãä¦ã£ãããäÀ¦ã ¾ãã ãÀãèªñ Øã ¹ãÆãä¦ã¼ãîãä¦ããð¦ã weight bands. Exposures ãÔã¹ããñãÀ ããè ããõÔã¦ã Àã½ã ãäãÔãñ that have been deducted ããñãäã½ãÌããÊããè ºãö¡ ããè ã©ãùãî¥ãà Ôãâ¾ãã entirely from Tier 1 capital, ½ãò ãã ã䪾ãã Øã¾ãã Öãñ ý ã¾ãÀ-ý ¹ãîúããèè credit enhancing I/Os deducted from Total Capital, Ôãñ ¹ãîÀãè ¦ãÀÖ Ôãñ Üãã ãäª Øã and other exposures ãÔã¹ããñãÀ, ãìÊã ¹ãîúããè Ôãñ Üãã ãäª deducted from total capital Øã £ããÀ ºãü¤ã¶ãñ ÌããÊãñ ãã/ ããñ ããõÀ should be disclosed ãìÊã ¹ãîúããè Ôãñ Üãã Øã 㶾ã ããñãäã½ããò separately by type of underlying exposure type. ããñ ãã£ããÀ¼ãî¦ã ãÔã¹ããñãÀ ãñ ¹ãÆããÀ ãñ ãã£ããÀ ¹ãÀ ãÊãØã Ôãñ ¹ãÆã ãÀ¶ãã h) Summary of securitisation activity presenting a ÞãããäÖý comparative position for two years, as a part of the Notes ã) ¦ãìÊã¶ã-¹ã¨ã ãñ ãã¦ããò ¹ãÀ ãä¹¹ããä¥ã¾ããò ãñ on Accounts to the balance ã ¼ããØã ãñ ¹㠽ãò ªãñ ÌãÓããÃò ãñ ãäÊã sheet ¦ãìÊã¶ã㦽ãã ãäÔ©ããä¦ã ¹ãÆÔ¦ãì¦ã ãÀ¶ãñ ÌããÊãñ * Total number and book ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãã ÔããÀ value of loan assets securitised by type of * ¹ãÆãä¦ã¼ãîãä¦ããð¦ã ¨ãÉ¥ã ãããäÔ¦ã¾ããò ããè ãìÊã underlying assets Ôãâ¾ãã ããõÀ ºãÖãè ½ãîʾã - ãã£ããÀ¼ãî¦ã * Sale consideration received ãããäÔ¦ã¾ããò ãñ ¹ãÆããÀ ´ãÀã for the securitised assets and gain/loss on sale on * ¹ãÆãä¦ã¼ãîãä¦ããð¦ã ãããäÔ¦ã¾ããò ãñ ãäÊã ¹ãÆ㹦ã account of securitisation; ãäºãÆããè Àã½ã ããõÀ ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãñ and ããÀ¥ã ãäºãããè Öìà Öããä¶ã / Êãã¼ã : ããõÀ * Form and quantum (outstanding value) of * £ããÀ ÔãâÌã£ãöã, ¦ãÀÊã¦ãã Ôã½ã©ãöã, ¹ãÀ services provided by way of ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ããäÔ¦ã ÔãñÌããú ãããäª ãñ credit enhancement, ´ãÀã ªãè Øãà ÔãñÌããããò ãã ¹㠦ã©ãã ¹ãƽãã¨ãã liquidity support, post securitisation asset (ºããã¾ãã ½ãîʾã) servicing, etc
136 ¦ãããäÊããã ¡ãè¹ã - 8 Table DF 8 Èñãä¡âØã ºãÖãè ½ãò ºããããÀ ããñãäã½ã Market Risk in Trading Book: Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã Qualitative disclosure: ºããããÀ ããñãäã½ã Market Risk: ºããããÀ ããñãäã½ã ÌãÖ Öãñ¦ãã Öõ ãäãÔãÔãñ ºãöã ããñ º¾ããã ªÀò, ãäÌãªñÍããè ½ãì³ã Market Risk is defined as the possibility of loss to a bank in balance sheet position caused by changes/ ãäÌããä¶ã½ã¾ã ªÀò, ÃãäãÌããè ããè½ã¦ãò ¦ã©ã㠹㥾ã ããè½ã¦ãò ãõÔãñ ºããããÀ ÌãñãäÀ¾ããäºãÊÔã movements in market variables such as interest rate, ´ãÀã ¦¹ã¸ã ¹ããäÀÌã¦ãöã / Øããä¦ã ãñ ããÀ¥ã ºãõÊãòÔã Íããè ããè ãäÔ©ããä¦ã ½ãò Öããä¶ã Öãñ¶ãñ foreign currency exchange rate, equity prices and ããè Ôãâ¼ããÌã¶ãã Öõý ºããããÀ ããñãäã½ã Ôãñ ºãöã ãã ãÔã¹ããñãÀ Èñãä¡âØã ºãìã commodity prices. Banks exposure to market risk (¹ãÔã ¦ã©ãã ÖñÞã¹ããè ÌãØããô ªãñ¶ããò ) ½ãò ªñÍããè ãä¶ãÌãñÍããò (º¾ããã Ôãâºãâãä£ã¦ã arises from domestic investments (interest related instruments and equities) in trading book (Both AFS ãäÊãã¦ããò ¦ã©ãã ÃãäãÌããä¾ããò), ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã ãäÔ©ããä¦ã¾ããò (ºãÖì½ãîʾ㠣ãã¦ãìããò and HFT categories), the Foreign Exchange positions ½ãò ãìÊããè ãäÔ©ããä¦ã ¾ããäª ããñà Öãñ, ããñ Íãããä½ãÊã ãÀ¦ãñ Öì) ¦ã©ãã Èñãä¡âØã Ôãñ (including open position, if any, in precious metals) Ôãâºãâãä£ã¦ã ãä¡ÀñÌãñãäºÔã Ôãñ ¦¹ã¸ã Öãñ¦ãã Öõý ºããããÀ ããñãäã½ã ¹ãƺãâ£ã¶ã ãã ÿñ;ã and trading related derivatives. The objective of the ããö㠹ãÀ Öããä¶ã ããõÀ ºããããÀ ããñãäã½ã ½ãò ¦¹ã¸ã ÃãäãÌããè ¹ãîâããè ããñ ã½ã ãÀ¶ãã market risk management is to minimize the impact of losses on earnings and equity capital arising from Öõ ý market risk. ºããããÀ ããñãäã½ã ãñ ¹ãƺãâ£ã¶ã ãñ ãäÊã ¶ããèãä¦ã¾ããú Policies for management of market risk: ºãöã ½ãò ºããããÀ ããñãäã½ã ãã ¹ãƼããÌã¹ãî¥ãà ¹ãƺãâ£ã¶ã ãäã ãã¶ãñ ãñ ãäÊã ¹ãƼããÌã The bank has put in place Board approved Market Risk Management Policy and Asset Liability ºãöã ¶ãñ ºããñ¡Ã ´ãÀã ã¶ãì½ããñã䪦㠺ããûããÀ ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã ããõÀ ãããäÔ¦ã Management (ALM) policy for effective management ªñ¾ã¦ãã ¹ãƺãâ£ã¶ã (Êã½ã) ããñ ÊããØãî ãäã¾ãã Öõý ããñãäã½ã ¹ãƺãâ£ã¶ã Ôãñ ¼ããè of market risk in the bank. Other policies which Ôãâºãâãä£ã¦ã 㶾㠶ããèãä¦ã¾ããú, ãä¶ããä£ã ¹ãƺãâ£ã¶ã Ìã ãä¶ãÌãñÍã ¶ããèãä¦ã, ¡ñãäÀÌãñãäÌã ¶ããèãä¦ã, also deal with market risk management are Funds ãäÌãªñÍããè ¹ããäÀÞããÊã¶ããò ãñ ãäÊã ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã ããõÀ ÔÈñÔã ñãäÔâØã Management and Investment Policy, Derivative Policy, Risk Management Policy for forex operations, and ¶ããèãä¦ã Ööý ºããããÀ ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã, ºããããÀ ããñãäã½ã ¹ãƺãâ£ã¶ã ãã¾ããô Stress testing policy. The market risk management ããõÀ ¹ãÆãäã¾ããããò ãñ ãäÊã ÔãìÔ¹ãÓ ÔãâØã¶ã㦽ãã ¹ãÀñãã ãä¶ã£ããÃãäÀ¦ã ãÀ¦ããè Öõ policy lays down well defined organization structure ãäãÔãÔãñ ºãöã ´ãÀã ÌãÖ¶ã ãäã Øã ããñãäã½ã ãñ ¦ãÖ¦ã Êã½ã ¹ãÆñ½ãÌããà ãñ for market risk management functions and processes ã£ããè¶ã ºãöã ´ãÀã ãäÊã ãã ÀÖñ ºããããÀ ããñãäã½ã ãã ¹ãÖÞãã¶ã, ½ãîʾããâã¶ã, whereby the market risks carried by the bank are identified, measured, monitored and controlled within ãä¶ãØãÀã¶ããè Ìã ãä¶ã¾ãâ¨ã¥ã ãäã¾ãã Øã¾ããý ºããããÀ ããñãäã½ã ãñ ¹ãƼããÌããè ¹ãƺãâ£ã¶ã Öñ¦ãì the ALM framework, consistent with the Banks risk ããõÀ ãäÞã¦ã ãããäԦ㠪ñ¾ã¦ãã ¹ãƺãâ£ã¶ã ãñ ûããäÀ ºããûããÀ ããñãäã½ã Ôãñ ¹ãÆã¹¾ã Êãã¼ã tolerance. The policies set various risk limits for ¹ãÀ ºãöã ããè ã¹ãñàããããò ãñ ã¶ãì¹㠹ããäÀÞããÊã¶ããò ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ effective management of market risk and ensuring ãäÊã Ôã ¶ããèãä¦ã ½ãò ãäÌããä¼ã¸ã ããñãäã½ã Ôããè½ããú Øããä¦ã Ööñý ¶ããèãä¦ã ½ãò ºããããÀ that the operations are in line with Banks expectation of return to market risk through proper Asset Liability ããñãäã½ã ãñ ¹ãƼããÌããè ¹ãƺããñ£ã¶ã ãñ ãäÊã ãäÀ¹ããñãäÄØã ¹ãÆñ½ãÌããà ããñ ¼ããè Ôãâ¼ããÊãã Management. The policies also deal with the Øã¾ãã Öõý reporting framework for effective monitoring of market risk. Êã½ã ¶ããèãä¦ã ½ãò ãäÌãÍãñÓã ¹ã Ôãñ ¦ãÀÊã¦ãã ããñãäã½ã ¹ãƺãâ£ã¶ã ¦ã©ãã º¾ããã ªÀ The ALM policy specifically deals with liquidity risk ããñãäã½ã ¹ãƺãâ£ã¶ã ¹ãÆñ½ãÌããà ãã ÊÊãñã Öõý ¶ããèãä¦ã ´ãÀã ãäÊÊããäã¦ãã¶ãìÔããÀ management and interest rate risk management ¦ãÀÊã¦ãã ããñãäã½ã ãã ¹ãƺãâ£ã¶ã, ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ãã¶ãìÔããÀ framework. As envisaged in the policy, liquidity risk ÔãîÞã¶ãã ¡ãùã ãÌãÀñã ããè ¦¦ã½ã ¹ãÊ㺣ã¦ãã ãñ ãã£ããÀ ¹ãÀ ªõãä¶ãã ãã£ããÀ ¹ãÀ is managed through GAP analysis based on residual ãããäÔ¦ã ããõÀ ªñ¾ã¦ããããò ãñ ãÌããäÍãÓ ¹ããäÀ¹ããÌã¦ãã / ¹ãÆÌãðã䦦ã㶾㠹ã®ãä¦ã ããñ maturity/behavioral pattern of assets and liabilities on daily basis based on best available information ãã£ããÀ ºã¶ãããÀ ããè¹ããè ãäÌãÍãÊãñÓã¥ã ãñ ããäÀ ãäã¾ãã ãã¦ãã Öõý ºãöã ¶ãñ ãʹããÌããä£ã data coverage as prescribed by RBI. The bank has Øããä¦ãÍããèÊã ¦ãÀÊã¦ãã ¹ãƺãâ£ã¶ã ¦ã©ãã ããããäÔ½ãã ãä¶ããä£ã ¾ããñã¶ãã ãã ¹ãã¾ã ºã¶ãã¾ãã put in place mechanism of short-term dynamic liquidity Öõý ãìÍãÊã ãããäԦ㠪ñ¾ã¦ãã ¹ãƺãâ£ã¶ã ãñ ãäÊã ãäÌããä¼ã¸ã ãÌããäÍãÓ ¹ããäÀ¹ããÌã¦ãã ããñ management and contingent funding plan. Ôãâ¼ããÊã¶ãñ ãñ ãäÊã ãäÌãÌãñã¹ãî¥ãà (ªãÀ¦ãã) Ôããè½ããú ãä¶ã£ããÃãäÀ¦ã ããè Øãà Ööý ºãöã Prudential (tolerance) limits are prescribed for different residual maturity time buckets for efficient asset ããè ¦ãÀÊã¦ãã ¹ãÆãñ¹ããÊã ããñ ãäÌããä¼ã¸ã ¦ãÀÊã¦ãã ã¶ãì¹ãã¦ããò ãñ ããäÀ ½ãîʾããâãäã¦ã liability management. Liquidity profile of the bank is ãäã ãã¦ãñ Ööý ºãöã ¶ãñ ãäÌããä¼ã¸ã ããããäÔ½ãã ¹ãã¾ããò ãã Øã¶ã ãäã¾ãã Öõý ¦ãÀÊã¦ãã evaluated through various liquidity ratios. The bank ãäÔ©ããä¦ã ½ãò ãäãÔããè ¹ãÆããÀ ãñ ¦ã¶ããÌã ããñ Ôãâ¼ããÊã¶ãñ ãñ ãäÊã ºãöã ªñÍããè ÈñãÀãè has also drawn various contingent measures to deal ´ãÀã ãä¶ããä£ã ãñ ̾ãÌããäÔ©ã¦ã ¦ã©ãã ãäÔ©ãÀ ãä¶ã¾ããñã¶ã ãñ ããäÀ ¹ã¾ããù¦ã ¦ãÀÊã¦ãã ããñ with any kind of stress on liquidity position. Bank Ôãìãä¶ããäÍÞã¦ã ãÀ¦ãã Öõý ensures adequate liquidity management by Domestic
137 º¾ããã ªÀ ããñãäã½ã ãã ¹ãƺãâ£ã¶ã ªÀ ããäÔ©ãÀ ãããäÔ¦ã¾ããò Ìãâ ªñ¾ã¦ããããò ãñ Treasury through systematic and stable funds ããè¹ããè ãäÌãÍÊãñÓã¥ã ãñ ¹ãƾããñØã ãñ ûããäÀ Öãñ¦ãã Öõ ããõÀ Ôãããè ãä¶ãØãÀã¶ããè planning. ãä¶ã£ããÃãäÀ¦ã ãäÌãÌãñã¹ãî¥ãà (£ããÀ¦ãã) Ôããè½ããããò ãñ ûããäÀ Öãñ¦ãã Öõý Íãñ¾ãÀ£ããÀããò Interest rate risk is managed through use of GAP ãñ ½ãîʾã ããñ ºãü¤ã¶ãñ ããè ÒãäÓ Ôãñ ãä¶ãÌãÊã º¾ããã ãã¾ã ããõÀ ÃãäãÌããè ãñ analysis of rate sensitive assets and liabilities and monitored through prudential (tolerance) limits ãããä©ãÃã ½ãîʾ㠹ãÀ ¹ãƼããÌã ããñ ãä¶ã£ããÃãäÀ¦ã ãÀ¶ãñ ãñ ãäÊã ºãöã ããñãäã½ã ¹ãÀ prescribed. The bank estimates earnings at risk and ããö㠦ã©ãã ½ããã䡹ãõ¡ ¡¿ãîÀñÍã¶ã Øãõ¹ã ãã ¹ãÆããÊã¶ã ãÀ¦ãã Öõý modified duration gap periodically for assessing the impact on Net Interest Income and Economic Value ãããäÔ¦ã-ªñ¾ã¦ãã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã (ããùÊãããñ) / ºããñ¡Ã, ºãöã ´ãÀã ãä¶ã¾ã¦ã ãäÌãÌãñã¹ãî¥ãà of Equity with a view to optimize shareholder value. Ôããè½ããããò ãñ ã¶ãì¹ããÊã¶ã ãã ¹ãƺããñ£ã¶ã ãÀ¦ãã Öõ ããõÀ Êã½ã ¶ããèãä¦ã ½ãò Ô¹ãÓ The Asset-Liability Management Committee (ALCO) ã¶ãìÔããÀ ºããããÀ ãäÔ©ããä¦ã¾ããò (Ìã¦ãýãã¶ã ¦ã©ãã ¹ãƦ¾ãããäÍã¦ã) ãñ ã¶ãì¹ã À¥ã¶ããèãä¦ã / Board monitors adherence of prudential limits fixed ãä¶ã£ããÃãäÀ¦ã ãÀ¦ãã Öõý ÈñûãÀãè ãäÌã¼ããØã ½ãò ãã¾ãÃÀ¦ã ½ã£¾ã ãã¾ããÃÊã¾ã Ôã½ãîÖ ¼ããè by the Bank and determines the strategy in the light ãäÌãÌãñã¹ãî¥ãà Ôããè½ããããò ãñ ã¶ãì¹ããÊã¶ã ããñ ãä¶ãÀâ¦ãÀ ¹ã Ôãñ ¹ãƺããñ£ã¶ã ãÀ¦ãã Öõý of the market conditions (current and expected) as articulated in the ALM policy. The mid-office of Treasury monitors adherence to the prudential limits ¹ãƽãã¨ã㦽ãã ¹ãÆããèãÀ¥ã on a continuous basis. ã) ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãì¹㠹ãîúããè ãñ ã¶ãìÀàã¥ã ãñ Quantitative Disclosures:
ãäÊã ºãñÔãÊã-ýý ¹ãÆñ½ãÌããà ãñ ½ãã¶ãããèãð¦ã ãÌããä£ã ÒãäÓããñ¥ã ãñ ã¶ãìÔããÀ In line with the RBIs guidelines, the Bank has ºããããÀ ããñãäã½ã ãñ ãäÊã ºãöã ¶ãñ ¹ãîúããè ¹ããäÀããäÊã¦ã ãäã¾ãã Öõý 31.03.2010 computed capital for market risk as per Standardised ¦ãã ºãöã ãñ Èñãä¡âØã ºãìã ½ãò ºããããÀ ããñãäã½ã ãñ ãäÊã ¹ãîúããè ã¹ãñàããú ãä¶ã½¶ã Duration Approach of Basel-II framework for ¹ãÆããÀ Öö: maintaining capital. The capital requirement for market risk as on 31.3.2010 in trading book of the (Á.ãÀãñü¡ãò ½ãò) bank is as under: (Rs. In crores) ºããããÀ ããñãäã½ã ãã ¹ãÆããÀ ããñãäã½ãÌããÊããè ¹ãîúããè ãããäÔ¦ã (ããäʹã¦ã) ããÌã;ãã¦ãã Type of Risk Weighted Capital Market Risk Asset (Notional) requirement º¾ããã ªÀ ããñãäã½ã 2622.42 236.02 ÃãäãÌããè ãäÔ©ããä¦ã ããñãäã½ã 1662.01 149.58 Interest Rate Risk 2622.42 236.02 Equity Position Risk 1662.01 149.58 ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã ããñãäã½ã 98.04 8.82 Foreign Exchange Risk 98.04 8.82 ãìÊã 4382.47 394.42 TOTAL 4382.47 394.42 ¦ãããäÊããã ¡ãè¹ã - 9 Table DF 9 ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã: Operational Risk: Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã: Qualitative disclosures:
¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã ãã ¦ã㦹ã¾ãà ã¹ã¾ããù¦ã ¾ãã ãäÌã¹ãÊã ããâ¦ããäÀã ¹ãÆãäã¾ããããò, Operational Risk is the risk of loss resulting from ÊããñØããò ¦ã©ãã ¹ãÆ¥ãããäÊã¾ããò ¾ãã ºããÖÀãè Üã¶ããããò ãñ ¹ãÊãÔÌã¹ã Öãñ¶ãñ ÌããÊããè Öããä¶ã inadequate or failed internal processes, people and ãã ããñãäã½ã Öõý ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã ½ãò ãäÌããä£ãã ããñãäã½ã Íãããä½ãÊã Öö systems or from external events. Operational risk ½ãØãÀ ¨ãÉ¥ã¶ããèãä¦ã Ìãâ ¹ãÆãä¦ãÓã Ôãâºãâ£ããè ããñãäã½ã Íãããä½ãÊã ¶ãÖãé Öõý includes legal risk but excludes strategic and reputation risk. ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã ãñ ¹ãƺãâ£ã¶ã ¹ãÀ ¶ããèãä¦ã¾ããú: Policies on Management of Operational risk:
ºãöã ¶ãñ ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã ãã Øã¶ã ãäã¾ãã Öõ ããñ ºãöã ãñ The bank has framed operational risk management ºããñ¡Ã ´ãÀã ãäÌããä£ãÌã¦ãá ã¶ãì½ããñã䪦ã Öõý ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã ãñ ãäÊã ºãöã policy duly approved by the Board. Other policies ãñ ºããñ¡Ã ´ãÀã ã¹ã¶ãã¾ããè Øã¾ããè 㶾㠶ããèãä¦ã¾ããú: (ã) ÔãîÞã¶ãã ¹ãÆ¥ããÊããè ÔãìÀàãã adopted by the Board which deal with management of operational risk are (a) information systems ¶ããèãä¦ã (ã) ¹ããñÀñãÔã ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã (Øã) ã¹ã¶ãñ ØãÆãÖã ããñ ãã¶ãò security policy (b) forex risk management policy (c) (ãñÌããÔããè) ããõÀ £ã¶ã Íããñ£ã¶ã ãä¶ãÌããÀã (½ãÊã) ãã¾ãÃãäÌããä£ã¾ããò ¹ãÀ ¶ããèãä¦ãØã¦ã Policy document on know your customer (KYC) and ªÔ¦ããÌãñã (Üã) ããäÌãÀã½ã ãããè ããÀãñºããÀ ¦ã©ãã Ôãâã ãä¶ãÌããÀ¥ã ¾ããñã¶ãã Anti-Money Laundering (AML) procedures (d) IT (ãããè-ºããèÔããè-¡ãèããÀ¹ããè) Ý) ã¶ãì¹ããÊã¶ã ¶ããèãä¦ã ããõÀ Þã) ãäÌ㦦ããè¾ã ÔãñÌããããò Business continuity and disaster recovery plan (IT_BC- DRP) (e) compliance policy and (f) policy on ããè ããÔããóãäÔãâØã ¹ãÀ ¶ããèãä¦ãý outsourcing of Financial Services.
138 ºãöã ´ãÀã ã¹ã¶ããà Øãà ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã ¹ãƺãâ£ã¶ã ¶ããèãä¦ã, ¹ããäÀÞããÊã¶ã㦽ãã The operational risk management policy adopted by ããñãäã½ã ãñ ¹ãƺãâ£ã¶ã ãñ ãäÊã ÔãâØã¶ã㦽ãã ÔãâÀÞã¶ãã ¦ã©ãã ãäÌãÔ¦ãð¦ã ¹ãÆãäã¾ããããò the Bank outlines organization structure and detail processes for management of operational risk. The ããè ¹ãÀñãã ºã¦ãã¦ããè Öõý ¶ããèãä¦ã ãã ½ãîÊã ÿñ;㠺ãöã ããè ããñãäã½ã ¹ãƺãâ£ã¶ã basic objective of the policy is to closely integrate ¹ãÆãäã¾ããããò ½ãò ¼ãîãä½ãããããò ãñ Ô¹ãÓ ãä¶ã¾ã¦ã¶ã ãñ ããäÀ ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã operational risk management processes of the bank ããñ ¹ãƼããÌããè ¤âØã Ôãñ ¹ãÖÞãã¶ã¶ãñ, ãä¶ã£ããÃãäÀ¦ã ãÀ¶ãñ, ¹ãƺããñãä£ã¦ã ãÀ¶ãñ ¦ã©ãã ãä¶ã¾ãâãä¨ã¦ã by clearly assigning roles for effectively identifying ¾ãã ã½ã ãÀ¶ãñ ããõÀ ¼ããõãä¦ãã ¹ããäÀÞããÊã¶ã㦽ãã Öããä¶ã¾ããò Ôããä֦㠹ããäÀÞããÊã¶ã㦽ãã assessing, monitoring and controlling or mitigating operational risk and by timely reporting of operational ¨ãÉ¥ã ããñãäã½ããò ããè Ôã½ã¾ã ¹ãÀ ãäÀ¹ããñãäÄØã ãñ ´ãÀã ºãöã ãñ ¹ããäÀÞããÊã¶ã㦽ãã risk exposures including material operational losses. ããñãäã½ã ¹ãƺãâ£ã¶ã ¹ãÆ¥ããÊããè ããñ ããèãð¦ã ãÀ¶ãã Öõý ºãöã ½ãò ¹ããäÀÞããÊã¶ã㦽ãã Operational risk in the bank are managed through ããñãäã½ã ããñ ̾ãã¹ãã ¦ã©ãã ÔãìÔ¹ãÓ ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ã ¹ãÆñ½ãÌããà ãñ ´ãÀã comprehensive and well-articulated internal control framework. Ôãâ¼ããÊãã ãã¦ãã Öõý The Bank has got embodied in its Book of Instructions ºãöã ¶ãñ ã¹ã¶ããè ã¶ãìªñÍã ¹ãìÔ¦ãã ½ãò ãäÌããä¼ã¸ã ¹ããäÀÞããÊã¶ããò ãñ ãäÊã ÔãìÔ¹ãÓ well-defined systems and procedures for various ¹ã®ãä¦ã¾ããâ Ìãâ ¹ãÆãäã¾ããâ ºã¶ãã Àããè Ööý ºãöã ¶ãñ ã½¹¾ãîÀãèãð¦ã ¹ããäÀÞããÊã¶ããò ããñ operations. The bank has issued detailed guidelines for handling computerized operations and a system Ôãâ¼ããÊã¶ãñ ãñ ãäÊã ãäÌãÔ¦ãð¦ã ãäªÍãããä¶ãªóÍã ããÀãè ããè Öõ ããõÀ ãä¶ã£ããÃãäÀ¦ã ¹ã®ãä¦ã¾ããòñ of EDP audit is in place to ensure adherence to the ããõÀ ¹ãÆãäã¾ããããò ãã ¹ããÊã¶ã Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ãäÊã áãè¹ããè Êãñãã ¹ãÀãèàãã laid down systems and procedures. The Bank has Ô©ãããä¹ã¦ã Öõý ºãöã ½ãò ã½ãÃÞãããäÀ¾ããò ãñ ãäÌããä¼ã¸ã Ô¦ãÀãò ããè ¼ãîãä½ããã ãñ ºããÀñ ½ãò clear guidelines as to the role functions of various levels of employees. A training system with provision for Ô¹ãÓ ãäªÍãããä¶ãªóÍã Ööý £ããÀ, ¹ããÀñãÔã ããõÀ 㶾ã ãã¾ãÃàãñ¨ããò ½ãò ãäÌãÍãñÓã giving specialized training in credit /forex and other ¹ãÆãäÍãàã¥ã ªñ¶ãñ ãñ ãäÊã ¹ãÆãäÍãàã¥ã ¹ãÆ¥ããÊããè Öõý Ôã¼ããè ã½ãÃÞãããäÀ¾ããò ãñ ãäÊã functional area is in place. Conduct rules and service ããÞããÀ ãä¶ã¾ã½ã Ìã ÔãñÌãã ãäÌããä¶ã¾ã½ã ¼ããè ¹ãÊ㺣ã Ööý regulations for all the employees are also in place. Various internal and external audit systems are in ãä¶ã£ããÃãäÀ¦ã ¹ã®ãä¦ã¾ããò ããõÀ ¹ãÆãäã¾ããããò ãã ã¶ãìÔãÀ¥ã Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ place to ensure that laid down systems and ãäÊã ãäÌããä¼ã¸ã ã㶦ããäÀã ããõÀ ºããÛã Êãñãã ¹ãÀãèàãã ¹ãÆ¥ãããäÊã¾ããâ Öö ããõÀ ããä½ã¾ããò procedures are followed and timely actions are ããñ Ôãì£ããÀ¶ãñ ãñ ãäÊã Ôã½ã¾ã ¹ãÀ ããÀÃÌããà ããè ãã¦ããè Öõý initiated for rectifying the deficiencies. The Bank has put in place compliance policy duly ºãöã ¶ãñ ºããñ¡Ã ´ãÀã ã¶ãì½ããñã䪦ã ã¶ãì¹ããÊã¶ã ¶ããèãä¦ã ããñ ã¹ã¶ãã¾ãã Öõý ºãöããò ½ãò approved by Board. In terms of the RBI guidelines ã¶ãì¹ããÊã¶ã ãã¾ããô ¹ãÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºãöã on compliance functions in banks the bank has ¶ãñ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ½ãò ããÀãñºããÀ Ôã½ãîÖ Ôãñ ãÊãØã ã¶ãì¹ããÊã¶ã ãäÌã¼ããØã established separate Compliance Department in C.O. independent of business group. Compliance Ô©ãããä¹ã¦ã ãäã¾ãã Öõý ¹ãƦ¾ãñã Íãããã / ãäÌã¼ããØã / ãã¾ããÃÊã¾ã ½ãò ã¶ãì¹ããÊã¶ã ãñ Ô¦ãÀ officers are designated in each branch /department/ ããè ãä¶ãØãÀã¶ããè ãñ ãäÊã ã¶ãì¹ããÊã¶ã ããä£ãããÀãè ¹ãª¶ãããä½ã¦ã ãäã Øã Ööý office to monitor the level of compliance. The ã¶ãì¹ããÊã¶ã Ô¦ãÀ ãñ ½ãîʾããâã¶ã ãñ ãäÊã ¹ãÆãäã¾ãã Ìã ¹ãÆ¥ãããäÊã¾ããâ ¦ãõ¾ããÀ ããè Øãà methodologies and system have been devised and Ööý ã¶ãì¹ããÊã¶ã ãã¾ããô ãñ ãäÊã ãäÀ¹ããñãäÄØã ¹ãÆ¥ããÊããè ¼ããè ¦ãõ¾ããÀ ããè Øãà Öõ ããõÀ put in place for assessment of level of compliance. Reporting systems on compliance function have been ¹ããÊã¶ã ããè ãã ÀÖãè Öõý devised and put in place. ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ããÀãè ãäã Øã ãâãä¦ã½ã ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ In line with the final guidelines issued by RBI our Ö½ããÀã ºãöã ºãñãäÔãã ã䥡ãñÀ ÒãäÓããñ¥ã ã¹ã¶ãã ÀÖã Öõý ãäªÍãããä¶ãªóÍããò ãñ bank is adopting the Basic Indicator Approach for computing capital for operational risk. As per the ã¶ãìÔããÀ, ºãöã ãñ ¹ããÔã ¹ããäÀÞããÊã¶ã ããñãäã½ã ãñ ãäÊã ¹ãîâããè ¼ããÀ¦ããè¾ã ãäÀûãÌãà guidelines the banks must hold capital for operational ºãöã ´ãÀã ºã¦ããà Øãà ÔãããÀ㦽ãã ÌãããäÓãÃã ÔããÊã ãã¾ã ãñ 15% ãñ ãä¹ãÊãñ risk equal to the average over the previous three ¦ããè¶ã ÌãÓããô ãñ ããõÔã¦ã ãñ ºãÀãºãÀ ããè ¹ãîúããè Öãñ¶ããè ÞãããäÖý years of 15% of positive annual gross income as defined by RBI. ¹ãƽãã¨ã㦽ãã ¹ãÆããèãÀ¥ã Quantitative disclosures ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ããÀãè ãâãä¦ã½ã ãäªÍãããä¶ãªôÍããò ãñ ã¶ãì¹ã Ö½ããÀñ ºãöã In line with final guidelines issued by RBI, our Bank has adopted the Basic Indicator Approach for ¶ãñ ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã ãñ ãäÊã ¹ãîúããè ãñ ¹ããäÀãÊã¶ã Öñ¦ãì ºãñãäÔãã âãä¡ãñÀ computing capital for Operational Risk. As per the ¹ãÆ¥ããÊããè ããñ ã¹ã¶ãã¾ãã Öõý ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ¹ããäÀÞããÊã¶ã㦽ãã ããñãäã½ã guidelines, the capital for Operational Risk is equal ãñ ãäÊã ¹ãîúããè, ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ¹ããäÀ¼ãããäÓã¦ã ÔãããÀ㦽ãã ÌãããäÓãÃã to the average over the previous three years of 15% ÔããÊã ãã¾ã ãñ 15% ãñ ãä¹ãÊãñ ¦ããè¶ã ÌãÓããô ãñ ããõÔã¦ã ãñ Ôã½ãã¶ã Öõý Ôã of positive annual Gross Income as defined by RBI. As per such estimate, the capital requirement for ¹ãÆããÀ ãñ ¹ãÆãããÊã¶ã ãñ ã¶ãìÔããÀ ã䪶ããâã 31.03.2010 ¦ãã ¹ããäÀÞããÊã¶ã㦽ãã Operational Risk as on 31.03.2010 is Rs. 511.42 ããñãäã½ã ãñ ãäÊã ¹ãîúããè ããÌã;ãã¦ãã Á.511.42 ãÀãñü¡ Öõý crores.
139 ¦ãããäÊããã ¡ãè¹ã - 10 Table DF 10 ºãöãäãâØã ºãÖãè ½ãò º¾ããã ªÀ ããñãäã½ã: Interest rate risk on the Banking Book: Øãì¥ã㦽ãã ¹ãÆããèãÀ¥ã: Qualitative disclosures: º¾ããã ªÀ ããñãäã½ã ÌãÖ ããñãäã½ã Öãñ¦ãã Öõ ãÖãú ºããããÀ º¾ããã ªÀ ½ãò ¹ããäÀÌã¦ãöã Interest rate risk is the risk where changes in the ºãöã ããè ãäÌ㦦ããè¾ã ãäÔ©ããä¦ã ããñ ¹ãƼãããäÌã¦ã ãÀ Ôãã¦ãã Öõý º¾ããã ªÀãò ½ãò Öãñ¶ãñÌããÊãñ market interest rates might affect a banks financial condition. Changes in interest rates may affect both ¹ããäÀÌã¦ãöã ÞããÊãî ããöã (¹ããäÀ¹ãÆñà¾ã ããöã) ¦ã©ãã ºãöã ãñ ¶ãñÌã©ãà (¹ããäÀ¹ãÆñà¾ã the current earnings (earnings perspective) as also ãããä©ãÃã ½ãîʾã) ªãñ¶ããò ããñ ¹ãƼãããäÌã¦ã ãÀ Ôãã¦ãã Öõý ¹ããäÀ¹ãÆñà¾ã ããöã ãñ the net worth of the Bank (economic value ããñãäã½ã ããñ ãä¶ãÌãÊã º¾ããã ãã¾ã (¶ããããã) ¾ãã ãä¶ãÌãÊã º¾ããã ½ãããäãöã perspective). The risk from earnings perspective can (¶ããã½ã) ¹ãÀ ¹ãü¡¶ãñ ÌããÊãñ ¹ãƼããÌã ãñ ã¶ãìÔããÀ ½ãã¹ãã ãã Ôãã¦ãã Öõý Ôããè be measured as impact on the Net Interest Income ¹ãÆããÀ ¹ããäÀ¹ãÆñà¾ã ãããä©ãÃã ½ãîʾã ãñ ããñãäã½ã ããñ ÃãäãÌããè ãñ ãããä©ãÃã ½ãîʾ㠽ãò (NII) or Net Interest Margin. Similarly the risk from economic value perspective can be measured as Öãñ¶ãñ ÌããÊãñ ÜããÌã Ôãñ ½ãã¹ãã ãã Ôãã¦ãã Öõý drop in Economic Value of Equity. ãʹããÌããä£ã (ããö㠹ããäÀ¹ãÆñà¾ã) ¦ã©ãã ªãèÜããÃÌããä£ã ãããä©ãÃã ½ãîʾ㠹ããäÀ¹ãÆñà¾ã Ôãñ The bank identifies the risks associated with the ºãöãäãâØã ºãìã ½ãò ããù¶ã ºãõÊãòÔã Íããè ¦ã©ãã ããù¹ã ºãöÊãòÔã Íããè ããñãäã½ããò ¹ãÀ changing interest rates on its on-balance sheet and ¹ããäÀÌã¦ãöãÍããèÊã º¾ããã ªÀãò ãñ Ôãã©ã ãìü¡ñ ããñãäã½ããò ããñ ºãöã ¹ãÖÞãã¶ã¦ãã Öõý off-balance sheet exposures in the banking book from ãã¾ã ¹ãÀ ¹ãƼããÌã ããñ ºãöã ããè Êã½ã ¶ããèãä¦ã ½ãò ãä¶ã£ããÃãäÀ¦ãã¶ãìÔããÀ 100 ºããè¹ããèÔã a short term (Earnings perspective) and long term ¹ãÀ ããäʹã¦ã ªÀ ¹ãÆÜãã¦ã (Íããùã) ããñ ÊããØãî ãÀãñ ããè¹ããè ãäÌãÍÊãñÓã¥ã ãñ ¹ãƾããñØã Economic Value Perspective. The impact on income (Earnings Perspective) is measured through use of Ôãñ ½ãã¹ã¦ãã Öõý ñÔãñ ¹ãƼããÌããò ãñ ãäÊã ºãöã ãñ ¶ããããã ããè ¹ãÆãä¦ãÍã¦ã¦ãã ãñ GAP analysis by applying notional rate shock upto ã¶ãìÔããÀ ãäÌãÌãñã¹ãî¥ãà Ôããè½ããú ãä¶ã£ããÃãäÀ¦ã ããè Øãà Öö ããõÀ Ôããã ¹ãƺããñ£ã¶ã 100bps as prescribed in the banks ALM Policy. ããÌããä£ãã ¹㠽ãò ãäã¾ãã ãã¦ãã Öõý ããö㠹ãÀ ¹ãƼããÌã ãñ ¹ããäÀãÊã¶ã ãñ ãäÊã, Prudential limits have been prescribed for such ªÀ ÔãâÌãñã䪦ãã ãäÌãÌãÀ¥ã Ôãñ ¹ããÀâ¹ããäÀã ããè¹ããè ããñ ãäÊã¾ãã ãã¦ãã Öõ ããõÀ ãäÌãÍãñÓã impacts as a percentage of NII of the bank and the ãÌããä£ã ãñ ½ã£¾ã Ôãñ ÍãñÓã Ôã½ã¾ããÌããä£ã ãñ ãã£ããÀ ¹ãÀ º¾ããã ªÀ ½ãò 100 ºããè¹ããèÔã same is monitored periodically. For the calculation ¦ãã ãñ ¹ããäÀÌã¦ãöã ãñ ¹ãƼããÌã ããñ ¹ããäÀããäÊã¦ã ãäã¾ãã ãã¦ãã Öõý ªÀ ÔãâÌãñª¶ãÍããèÊã of impacts on earnings, the Traditional Gap is taken from the Rate sensitivity statement and based on ãäÌãÌãÀ¥ã Ôãñ ¹ããÀâ¹ããäÀã ããè¹ããè ããñ ãäÊã¾ãã ãã¦ãã Öõ ããõÀ ãäÌãÍãñÓã Ôã½ã¾ããÌããä£ã ãñ the remaining period from the mid point of a particular ºããèÞã ãñ ¹ããâ Ôãñ ºãÞããè Öìà ãÌããä£ã ãñ ãã£ããÀ ¹ãÀ 100 ºããè¹ããèÔã ¦ãã º¾ããã bucket the impact for change in interest rate upto ªÀ ½ãò ¹ããäÀÌã¦ãöã ãñ ¹ãƼããÌã ããñ ¹ããäÀããäÊã¦ã ãäã¾ãã ãã¦ãã Öõý Ôããè ããñ ããùÊãããñ 100 bps is arrived at. The same is reported to Board ¦ã©ãã ºããñ¡Ã ããñ ããÌããä£ãã ¦ããõÀ ¹ãÀ ªÀ ÔãâÌãñª¶ãÍããèÊã ãäÌãÌãÀ¥ã ÔããäÖ¦ã ãäÀ¹ããñà and ALCO periodically along with the rate sensitivity ãäã¾ãã ãã¦ãã Öõý ¨ãÉ¥ã Ôããè½ããããò ããñ ãä¹ãÊãñ ÌãÓãà ãñ ¶ããããã ãñ ãã£ããÀ ¹ãÀ statement. The limits are fixed on the basis of ãä¶ã¾ã¦ã ãäã¾ãã ãã¦ãã Öõý previous years NII. The bank has adopted traditional gap analysis ºãöã ¶ãñ ÃãäãÌããè ãñ ãããä©ãÃã ½ãîʾã (ãããä©ãÃã ½ãîʾ㠹ããäÀ¹ãÆñà¾ã) ¹ãÀ ¹ãƼããÌã combined with duration gap analysis for assessing (¹ãÆãä¦ãÍã¦ã¦ãã ãñ ¹㠽ãò) ãñ ãä¶ã£ããÃÀ¥ã ãÀ¶ãñ ãñ ãäÊã 200 ºããè¹ããèÔã ¹ãÀ the impact (as a percentage) on the Economic Value ããäʹã¦ã ªÀ ¹ãÆÜãã¦ã ããñ ÊããØãî ãÀãñ ¹ããÀâ¹ããäÀã ããè¹ããè ãäÌãÍÊãñÓã¥ã ããñ ãâ¦ãÀãÊã of Equity (Economic Value Perspective) by applying ããè¹ããè ãäÌãÍãÊãñÓã¥ã ãñ Ôãã©ã ãä½ãÊãããÀ ã¹ã¶ãã¾ãã Öõý Ôã ¹ãƾããñã¶ã ãñ ãäÊã a notional interest rate shock of 200 bps. For the ºãöã ããè Êã½ã ¶ããèãä¦ã ½ãò ¦ãìÊã¶ã ¹ã¨ã ¹ãÀ ããÍããñãä£ã¦ã ãâ¦ãÀãÊã ããè¹ããè ãñ purpose a limit of (+/-) 1% for modified duration gap is prescribed in the Banks ALM policy and the ãäÊã (+/-) 1.00% ããè Ôããè½ãã ãä¶ã£ããÃãäÀ¦ã Öõ ããõÀ Ôãããè ãäÔ©ããä¦ã ããñ ããÌããä£ãã position is monitored periodically. The bank ¹ã Ôãñ ¹ãƺããñãä£ã¦ã ãäã¾ãã ãã¦ãã Öõý ºãöã ããÍããñãä£ã¦ã ¡¿ãîÀñÍã¶ã Øãõ¹ã ããõÀ ÃãäãÌããè calculates Modified Duration Gap and the impact on ¹ãÀ ãããä©ãÃã ½ãîʾ㠹ãƼããÌã ãã ¹ããäÀãÊã¶ã ãÀ¦ãã Öõý ãããäÔ¦ã¾ããò, ãä¶ãÌãñÍããò ããõÀ Economic Value of Equity. Assets excluding ªñ¾ã¦ããããò ããñ ãñ¡ãÀ ªÀ ÔãâÌãñª¶ãÍããèÊã ãäÌãÌãÀ¥ã ãñ ã¶ãìÔããÀ Ôã½ãîֺ㮠Öö investment and liabilities are grouped as per rate ããõÀ ¶ã ãããäÔ¦ã Ìã ªñ¾ã¦ãã Ôã½ãîÖãò ãñ ãäÊã Ôãã½ã㶾㠹ããäÀ¹ããÌã¦ãã, ãî¹ã¶ã Ìã sensitivity statement and bucket-wise modified ¹ãÆãä¦ã¹ãÊã ½ãã¶ãª¥¡ãò ãã ¹ãƾããñØã ãÀãñ Ôã½ã¾ãÌããÀ (ºããñ) ããÍããñãä£ã¦ã ãâ¦ãÀãÊã duration is computed for these groups of Assets and Liabilities using common maturity, coupon and yield ãã ¹ããäÀãÊã¶ã ãäã¾ãã ãã¦ãã Öõý ãä¶ãÌãñÍã ¹ããñùããñãäÊã¾ããñ ãñ ãäÊã ¹ãƦ¾ãñ㠽㪠ãñ parameters. For investment portfolio the modified ããÍããñãä£ã¦ã ãâ¦ãÀãÊã ããñ ¹ããäÀããäÊã¦ã ãÀãñ ãäÊã¾ãã ãã¦ãã Öõý ºãöã ½ãò ¡ãèããè¹ããè duration of individual items are computed and taken. ããñ ½ãÖãè¶ãñ ½ãò ã ºããÀ ¹ããäÀããäÊã¦ã ãäã¾ãã ãã¦ãã Öõ ããõÀ ããùÊããñ ããñ ãäÀ¹ããñà The DGAP is calculated by the Bank once a month ãäã¾ãã ãã¦ãã Öõý and is reported to ALCO. ãããäÔ¦ã-ªñ¾ã¦ãã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã (ããùÊããñ) / ºããñ¡Ã ºãöã ´ãÀã ãä¶ã¾ã¦ã ãäÌãÌãñã¹ãî¥ãà The Asset-Liability Management Committee (ALCO) / Board monitors adherence to the prudential limits Ôããè½ããããò ãñ ã¶ãì¹ããÊã¶ã ãã ¹ãƺããñ£ã¶ã ãÀ¦ãã Öõ ããõÀ ºããããÀ ãäÔ©ããä¦ã ( ÞããÊãî fixed by the bank and determines the strategy in ¦ã©ãã ¹ãƦ¾ãããäÍã¦ã) ããè ÒãäÓ ½ãò À¥ã¶ããèãä¦ã ãä¶ã£ããÃãäÀ¦ã ãÀ¦ãã Öõý the light of market conditions (current and expected)
140 ¹ãƽãã¨ã㦽ãã ¹ãÆããèãÀ¥ã Quantitative Disclosures ã) ãä¶ãÌãÊã º¾ããã ãã¾ã (¶ã ãã ãã) ããõÀ ÃãäãÌããè ãñ ãããä©ãÃã ½ãîʾã The impact of changes of Net Interest Income (NII) (ÃÌããèÃ) ¹ãÀ ¹ããäÀÌã¦ãöã ããñ ã䪶ããâã 31.03.2010 ¦ãã ¹ã¾ãìÃã¦ã ÞãÞããà ãñ and Economic Value of Equity (EVE) calculated as on 31.03.2010 by applying notional interest rate ã¶ãìÔããÀ ããäʹã¦ã º¾ããã ªÀ ¹ãÆÜãã¦ããò ããñ ÊããØãî ãÀãñ ¶ããèÞãñ ã䪾ãã Øã¾ãã Öõ : shocks as discussed above are as under (Á. ãÀãñü¡ãò ½ãò) (Rs in crores)
º¾ããã ªÀ ½ãò ããÀ ãñ ãäÊã ããñãäã½ã ¹ãÀ ããöã (ããÀ) Change in ALM Policy Earning at Risk (EaR) ¹ããäÀÌã¦ãöã Êã½ã ¶ããèãä¦ã Ôããè½ãã 26.03.2010 Interest Rate Limit for EaR 26/03/2010 1 ÌãÓãà ¦ãã 5 ÌãÓãà ¦ãã Up to Up to 1 year 5 years 0.25% ¹ããäÀÌã¦ãöã 135.30 0.25% change 135.30 (ãä¹ãÊãñ ÌãÓãà ãñ ¶ã (5% of NII of ãã ãã ãã 5%) 4.91 13.50 previous year) 4.91 13.50 0.50% ¹ããäÀÌã¦ãöã 270.60 0.50% change 270.60 (ãä¹ãÊãñ ÌãÓãà ãñ ¶ã (10% of NII of ãã ãã ãã 10%) 9.81 27.01 previous year) 9.81 27.01 0.75% ¹ããäÀÌã¦ãöã 405.90 0.75% change 405.90 ãä¹ãÊãñ ÌãÓãà ãñ ¶ã (15% of NII of ãã ãã ãã 15%) 14.72 40.51 previous year) 14.72 40.51 1.00% ¹ããäÀÌã¦ãöã 405.90 1.00% change 405.90 (ãä¹ãÊãñ ÌãÓãà ãñ ¶ã (15% of NII of ãã ãã ãã 15%) 19.62 54.02 previous year) 19.62 54.02 ÃãäãÌããè ãã ãããä©ãÃã ½ãîʾã 26.03.2010 ECONOMIC VALUE OF EQUITY 26/3/2010 ããÍããñãä£ã¦ã ¡¿ãîÀñÍã¶ã Øãõ¹ã (¡ãèããè¹ããè) 1.00% MODIFIED DURATION GAP (DGAP) 1.00% ãäãÌããè ããè ããÍããñãä£ã¦ã-ãÌããä£ã (½ã¡ãè) 9.63% MODIFIED DURATION OF EQUITY (MDE) 9.63% FOR A 200 BPS RATE SHOCK THE DROP 200 ºããè¹ããèÔã ªÀ ¹ãÆÜãã¦ã ãñ ãäÊã ÃãäãÌããè ½ãîʾ㠽ãò ÜããÌã 19.26% IN EQUITY VALUE 19.26%
141 Êãñãã ¹ãÀãèàãããò ããè ãäÀ¹ããñà AUDITORS REPORT ÔãñÌãã ½ãò To ¼ããÀ¦ã ãñ ÀãÓȹããä¦ã The President of India 1. We have audited the attached Balance Sheet 1. ֽ㠶ãñ ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ 31 ½ããÞãà 2010 ¦ãã ãñ of Indian Overseas Bank as at 31st March ÔãâÊãض㠦ãìÊã¶ã-¹ã¨ã, Ôããñ ã¶ãìºãâ£ã ½ãò ãäª Øã 31 ½ããÞãà 2010 2010, the Profit and Loss Account and Cash ããñ Ôã½ã㹦ã ÌãÓãà ãñ Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ããõÀ ¶ãûãªãè ¹ãÆÌããÖ ãäÌãÌãÀ¥ã Flows Statement of the Bank for the year ããè Êãñãã-¹ãÀãèàãã ããè Öõ, ãäãÔã½ãò Ö½ããÀñ ´ãÀã Êãñãã-¹ãÀãèãäàã¦ã 20 ended 31st March 2010 annexed thereto in Íããããããñâ ããõÀ 41 àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ããè ãäÌãÌãÀãä¥ã¾ããâù ããõÀ 㶾ã which are incorporated the returns of 20 branches and 41 Regional Offices audited Êãñãã-¹ãÀãèàãããò ´ãÀã Êãñãã-¹ãÀãèãäàã¦ã 6 ãäÌãªñÍããè Íããããããò ÔããäÖ¦ã by us and 1705 branches including 6 1705 Íããããããò ããè ãäÌãÌãÀãä¥ã¾ããú Íãããä½ãÊã Ööý Ö½ããÀñ ´ãÀã ¦ã©ãã Overseas Branches audited by other auditors. 㶾ã Êãñãã-¹ãÀãèàãããò ´ãÀã Êãñãã-¹ãÀãèãäàã¦ã Íããããããò ãã Þã¾ã¶ã The branches audited by us and those ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãà ºãöã ´ãÀã ûããÀãè ãäªÍãããä¶ãªóÍããò ãñ ã¶ãì¹ã audited by other auditors have been selected by the Bank in accordance with the guidelines Öãè ãäã¾ãã Öõý ¦ãìÊã¶ã-¹ã¨ã ããõÀ Êãã¼ã Ìã Öããä¶ã ãã¦ããò ½ãò ã-Êãñãã issued by Reserve Bank of India. Also ¹ãÀãèãäàã¦ã 305 Íããããããò / ãñ¶³ãò Ôãñ ¹ãÆ㹦ã ãäÌãÌãÀ¥ã Ôããä½½ããäÊã¦ã incorporated in the Balance Sheet and Profit Ööý ¶ã ã-Êãñãã ¹ãÀãèãäàã¦ã Íããããããò ´ãÀã ããäØãƽã ãñ 1.35%, & Loss Account are the returns from 305 ã½ããããò ãñ 4.99%, º¾ããã ãã¾ã ãñ 2.19% ããõÀ º¾ããã ̾ã¾ã branches / centres which have not been ãñ 2.35% ãã ãâÍãªã¶ã Öõ ý ¶ã ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ããò ããè subjected to audit. These unaudited branches account for 1.35 % of advances, 4.99 % of ãäã½½ãñªãÀãè ºãöã ¹ãƺãâ£ã¶ã ¹ãÀ Öõý ã¹ã¶ãñ Êãñãã ¹ãÀãèàã¥ã ãñ ãã£ããÀ deposits, 2.19% of interest income and 2.35% ¹ãÀ ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ããò ãñ Ôãâºãâ£ã ½ãò ã¹ã¶ããè Àã¾ã ªñ¶ãã Öãè Ö½ããÀãè of interest expenses. These financial ãäã½½ãñªãÀãè Öõý statements are the responsibility of the Banks Management. Our responsibility is to express 2. Ö½ã¶ãñ ã¹ã¶ãã Êãñãã ¹ãÀãèàãã ãã¾ãà ¼ããÀ¦ã ½ãò Ôãã½ã㶾ã¦ã: ÔÌããèãð¦ã an opinion based on our audit. Êãñãã ¹ãÀãèàãã ½ãã¶ãããò ãñ ã¶ãìÔããÀ ãäã¾ãã Öõý ¶ã ½ãã¶ãããò ãñ ãâ¦ãØãæã 2. We conducted our audit in accordance with ¾ãÖ ã¹ãñàãã ããè ãã¦ããè Öõ ãäã Ö½ã ã¹ã¶ããè Êãñãã ¹ãÀãèàãã ããè ¾ããñã¶ãã the auditing standards generally accepted Ôã ¹ãÆããÀ ºã¶ãã¾ãò ããõÀ ãä¶ãÓ¹ããã䪦ã ãÀò ãäã Ö½ã Ôã½ãìãäÞã¦ã ¹ã Ôãñ in India. Those standards require that we plan Ôã ºããÀñ ½ãò ããÍÌãÔ¦ã Öãñ ãã¾ãò ãäã ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ããò ½ãò ãäÌãÓã¾ã- and perform the audit to obtain reasonable assurance about whether the financial ÌãÔ¦ãì Ôãâºãâ£ããè ããñà ØãÊã¦ã ãã¶ãããÀãè ¶ãÖãé ªãè Øãà Öõý Êãñãã ¹ãÀãèàãã statements are free of material mis- ãñ ãâ¦ãØãæã ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ããò ½ãò ãäªããà Øãà ÀããäÍã¾ããò ããõÀ ¹ãÆã statements. An audit includes examination on ããè Øãà ºãã¦ããò ãñ Ôã½ã©ãö㠽ãò ã䪾ãñ Øã¾ãñ Ôããà¾ã ããè ¹ãÀãèàã¥ã ãñ ¦ããõÀ a test basis, evidence supporting the amounts ¹ãÀ ããâÞã ããè ãã¦ããè Öõý Êãñãã ¹ãÀãèàãã ãñ ãâ¦ãØãæ㠹ãƺãâ£ã-¦ãâ¨ã ´ãÀã and disclosure in the financial statements. ¹ãƾãì§ã Êãñãã ãäÔã®ã¶¦ããò ¦ã©ãã ¹ãƽãìã ãããÊã¶ããò ãã ãä¶ã£ããÃÀ¥ã ¦ã©ãã An audit also includes assessing the accounting principles used and significant ¹ãÆÔ¦ãì¦ã ãäã¾ãñ Øã¾ãñ Ôã½ãØãÆ ãäÌ㦦ããè¾ã ãäÌãÌãÀ¥ã ãã ½ãîʾããâã¶ã ¼ããè ãäã¾ãã estimates made by the management, as well ãã¦ãã Öõ ý Ö½ãò ãäÌãÍÌããÔã Öõ ãäã Ö½ããÀã Êãñãã ¹ãÀãèàãã ãã¾ãà ֽããÀñ as evaluating the overall financial statements ããä¼ã½ã¦ã ãñ ãäÊã ãäÞã¦ã ãã£ããÀ Öõý presentation. We believe that our audit provides a reasonable basis for our opinion. 3. ¦ãìÊã¶ã-¹ã¨ã ããõÀ Êãã¼ã-Öããä¶ã ãã¦ãñ ºãöãããÀãè ãäÌããä¶ã¾ã½ã¶ã ããä£ããä¶ã¾ã½ã 3. The Balance Sheet and the Profit and Loss 1949 ããè ¦ãð¦ããè¾ã ã¶ãìÔãîÞããè ãñ ã½ãÍã: ¹ãã½ãà ããõÀ ¹ãã½ãà ºããè ½ãò Account have been drawn up in Forms A ¦ãõ¾ããÀ ãäã Øã Ööý and B respectively of the Third Schedule to the Banking Regulation Act, 1949. 4. ãä¶ã½¶ããäÊããäã¦ã ããè ããñÀ £¾ãã¶ã ããããäÓãæã ãäã¾ãã ãã¦ãã Öõ: 4. Reference is invited to i. ÀããÔÌã ãñ ããä¼ããã¶ã ãñ Ôãâºãâ£ã ½ãñ âÔãèá¾ãî ããù¹ã Þããáà i) Significant Accounting Policy No.2.2 and ãããâòáÔã ããù¹ã âã䡾ãã ´ãÀã ããÀãè ãäã Øã ÊãñãããÀ¥ã 2.5 (Schedule 17) regarding revenue ½ãã¶ãª¥¡ - 9 ãñ Ôãã©ã ½ãÖ¦Ìã¹ãî¥ãà ÊãñãããÀ¥ã ¶ããèãä¦ã Ôãâ.2.2, recognition which are not in conformity Ìãâ 2.5 (ã¶ãìÔãîÞããè -17) ½ãñÊã ¶ãÖãé ãã¦ãñ Ööý with Accounting Standard 9 issued by
142 ii. Êãã佺ã¦ã ªãÌããò ããè ÌãÔãîÊããè ããõÀ/ã©ãÌãã ØããÀâãè ÔãâÔ©ããããò ½ãò the Institute of Chartered Accountants of ªãÌãñ ã¼ããè ¹ãÆÔ¦ãì¦ã ãäã ãã¶ãñ ãñ Ôãâºãâ£ã ½ãò Êãñããò ¹ãÀ ¶ããñáÔã India. (ã¶ãìÔãîÞããè - 18) ããè ¶ããñ Ôãâ¾ãã 3.2ý ii) Note No.3.2 in Notes on Accounts (Schedule 18) regarding recoverablility Êãñããò ¹ãÀ ¶ããñáÔã (ã¶ãìÔãîÞããè -18) ½ãò Êãã¼ã Ìã Öããä¶ã ãã¦ãã, of claims pending and / or yet to be lodged with Guarantee Institutions. ¦ãìÊã¶ã-¹ã¨ã, ¹ãîúããè ¹ã¾ããù¦ã¦ãã ã¶ãì¹ãã¦ã ããõÀ ããÀãñºããÀ ã¶ãì¹ãã¦ããò ¹ãÀ ¹ãÀ ãäÊÊããäã¦ã ½ãªãò ãñ ¹ãƼããÌã ãã ¹ã¦ãã ¶ãÖãé ÊãØãã¾ãã The impact of the items stated herein above on the Profit & Loss Account, ãã Ôãã¦ãã Öõý Balance Sheet, Capital Adequacy Ratio and business ratios as stated in Notes 5. ¹ãì¶ã: ÔãâÀãäÞã¦ã ãã¦ããò, ããÀãñºããÀ ã¶ãì¹ãã¦ã, ãããäÔ¦ã¾ããò Ìã ªñ¾ã¦ããããò on Accounts (Schedule-18) is not ãñ ¹ããäÀ¹ããÌã¦ãã ¹ãõ¶ãà , ÔãâÌãñª¶ãÍããèÊã ¹ãÆÌãØããô ããñ ¨ãÉ¥ã ããñãäã½ã, ascertainable. ã¹ãƦ¾ãã¼ãî¦ã ããäØãƽã Ìã ã½ããããò ãã ãñ¶³ãèãÀ¥ã, ããäØãƽã, ¨ãÉ¥ã 5. The additional disclosures made in Note ããñãäã½ã ããõÀ ã¶ããÃã ãããäÔ¦ã ãñ Ôãâºã¶£ã ½ãò ÔãîÞã¶ãã ãñ ãäÔãÊããäÔãÊãñ No.4.2, 5, 6,7, 8.7 and 10.I to the Notes on ½ãò Êãñããò ¹ãÀ ¶ããñáÔã (ã¶ãìÔãîÞããè 18) ãñ ¶ããñ Ôãâ- 4.2, 5, 6 ,7 Accounts (Schedule 18) with regard to information in respect of Restructured 8.7 ããõÀ 10.1 ½ãò ãäª Øã ããä¦ããäÀ§ã ¹ãÆã¶ã, ºãöã ´ãÀã ¹ãƽãããä¥ã¦ã Accounts, Business Ratios, Maturity Pattern ÔãîÞã¶ãã / ãäÀããù¡Ã ¹ãÀ ãã£ãããäÀ¦ã Öö ããõÀ ¶ã ¹ãÀ ֽ㠶ãñ ãäÌãÍÌããÔã of Assets and Liabilities, Exposure to ãäã¾ãã Öõý Sensitive Sectors, Unsecured Advances and Concentration of Deposits, Advances, 6. ºãöãåãØã ãâ¹ã¶ããè (¹ãã½ããò ãã ããä£ãØãÆÖ¥ã ããõÀ ãâ¦ãÀ¥ã) ããä£ããä¶ã¾ã½ã Exposures and NPAs respectively are based on the records / information as certified by 1970 ãñ ã¶ãìÔããÀ ããõÀ ºãÍã¦ãó - the Bank and relied upon by us. i) ã¦ã ¹ããäÀÞñª 1 ½ãò ªÍããþãñ Øã¾ãñ Êãñãã¹ãÀãèàãã ããè ¹ããäÀÔããè½ãã, 6. As required by the Banking Companies ããõÀ Ôã½ãò ããÌã;ãã ¹ãÆã¶ã ããè Ôããè½ããããò ããñ £¾ãã¶ã ½ãò (Acquisition and Transfer of Undertakings) Act 1970 and subject to Àã¦ãñ Öí i) the limitation of the audit indicated in ii) ¹ã¾ãìã¦ã ¹ãõÀã 4 Ìãâ 5 ½ãò Ö½ããÀñ ããä¼ã½ã¦ããò ããñ £¾ãã¶ã ½ãò Paragraph 1 above, and the limitation Àã¦ãñ Öì ããõÀ of disclosure required therein ii) our observations in Paragraph 4 & 5 iii) Ôãã½ã㶾ã¦ã: ÔÌããèãð¦ã Êãñããâã¶ã ¹ãÆãäã¾ãã ãñ ã¶ãìÔããÀ above, and Á.246.52 ãÀãñ¡ ããè Ôãâ¹ãî¥ãà ã½ããè ããñ ºãáñ ãã¦ãñ ½ãò iii) Note No. 11 in Notes on Accounts ¡ãÊã¶ãñ ãñ ºããã¾ã ¼ããÀ¦ããè¾ã ãäÀãÌãà ºãöã ´ãÀã ã¶ãì½ã¦ã ã¶ãìÔããÀ (Schedule 18) regarding the write off of ã ºãöã ããè ãäÌããäÍãÓ ãããäÔ¦ã¾ããò ããõÀ ªñ¾ã¦ããããò ãñ a sum of Rs 82.17 Crores being one third of the deficit arising on the takeover ããä£ãØãÆÖ¥ã Ôãñ ¦¹ã¸ã ã ãä¦ãÖãà ã½ããè, ããñ ãäã Á.82.17 of the specific assets and liabilities of a ãÀãñ¡ Öõ , ããñ ºãáñ ãã¦ãñ ½ãò ¡ãÊãã ãã, ãäãÔããã ãã¦ããò bank as permitted by Reserve Bank of (ã¶ãìÔãîÞããè 18) Ôãñ ãì¡ãè ãä¹¹ããä¥ã¾ããò ããè ãä¹¹ã¥ããè Ôãâ.11 India as against writing off the entire deficit of Rs 246.52 Crores as is the ½ãò ÊÊãñã Öõý Generally Accepted Accounting Practice. Ö½ã ãä¶ã½¶ã ¹ãÆããÀ Ôãñ ãäÀ¹ããñà ãÀ¦ãñ Öö: we report as under : a) In our opinion and to the best of our ã) Ö½ããÀãè Àã¾ã ããõÀ Ö½ããÀãè ããä£ãã¦ã½ã ãã¶ãããÀãè ãñ ã¶ãìÔããÀ information and according to the ¦ã©ãã Ö½ãò ã䪾ãñ Øã¾ãñ Ô¹ãÓãèãÀ¥ããò ããõÀ ¼ããÀ¦ã ½ãò Ôãã½ã㶾ã¦ã: explanations given to us and as shown ÔÌããèãð¦ã ÊãñãããÀ¥ã ãäÔã®ãâ¦ããò ãñ ã¶ãì¹ã ã¶ãìÀãäàã¦ã ºãöã by the books of the Bank maintained in ããè Êãñãã ºããäÖ¾ããò ½ãò ªÍããþãñ Øã¾ãñ ã¶ãìÔããÀ : accordance with generally accepted Accounting Principles in India.
143 i) ¾ãÖ ¦ãìÊã¶ã-¹ã¨ã ¹ãî¥ãà Ìãâ ÔãÖãè Öõ ããõÀ Ôã½ãò ããÌã;ãã i) The Balance Sheet is a full and fair ãã¶ãããÀãè Íãããä½ãÊã Öõ ¦ã©ãã Ôã ¹ãÆããÀ ãäÞã¦ã ¹ã Ôãñ Balance Sheet containing the necessary particulars, and is properly ¦ãõ¾ããÀ ãäã¾ãã Øã¾ãã Öõ ãäã Ôã½ãò ºãöã ãñ 31 ½ããÞãà drawn up so as to exhibit a true and 2010 ããè ãäÔ©ããä¦ã ãñ ã¶ãìÔããÀ Ôããñ ãã½ãããã ãã fair view of the affairs of the Bank as ÔãÖãè ããõÀ ÌããÔ¦ããäÌãã ãäÞã¨ã ¹ãƪãäÍãæã Öãñ¦ãã Öõ ý at 31st March 2010. ii) The Profit and Loss Account shows ii. Êãã¼ã Ìã Öããä¶ã ãã¦ãã 31 ½ããÞãà 2010 ããñ Ôã½ã㹦ã ÌãÓãà a true balance of Profit for the year ãñ Êãã¼ã ãã ÔãÖãè ÍãñÓã ªÍããæãã Öõ ããõÀ ended 31st March 2010 and iii. ¶ããªãè ¹ãÆÌããÖ ãäÌãÌãÀ¥ããè, 31 ½ããÞãÃ, 2010ããñ Ôã½ã㹦ã iii) The Cash Flows Statement gives a true and fair view of the cash flow for the ÌãÓãà ãñ ãäÊã ¶ããªãè ¹ãÆÌããÖ ãã ÔãÖãè Ìãâ ãäÞã¦ã ãäÞã¨ã year ended 31st March 2010. ªÍããæãã Öõý b) We have obtained all the information and ã) Ö½ã¶ãñ ã¹ã¶ããè ããä£ãã¦ã½ã ãã¶ãããÀãè ããõÀ ãäÌãÍÌããÔã ãñ ã¶ãìÔããÀ explanations, which to the best of our Êãñãã ¹ãÀãèàãã Öñ¦ãì Ôã¼ããè ãã¶ãããÀãè ¦ã©ãã Ô¹ãÓãèãÀ¥ã ¹ãÆ㹦ã knowledge and belief were necessary for the purpose of our audit and have found ãäã¾ãñ Öö ããõÀ ¶Öò Ôãâ¦ããñÓãã¶ãã ¹ãã¾ãã Öõ ý the same to be satisfactory. Øã) ºãöã ãñ ããñ Êãñ¶ãªñ¶ã Ö½ããÀãè ãã¶ãããÀãè ½ãò ãã¾ãñ Öö, Ìãñ ºãöã c) The transactions of the Bank, which have ãñ ããä£ãããÀ àãñ¨ã ãñ ãâ¦ãØãæã Öãè Ööý come to our notice have been within the powers of the Bank. Üã) ºãöã ãñ ãã¾ããÃÊã¾ããò ããõÀ Íããããããò Ôãñ ¹ãÆ㹦ã ãäÌãÌãÀãä¥ã¾ããú, d) The returns received from the offices and Ö½ããÀãè Êãñãã-¹ãÀãèàãã ãñ ¹ãƾããñã¶ããò ãñ ãäÊã ¹ã¾ããù¦ã ¹ãã¾ããè branches of the Bank have been found Øã¾ããè Ööý adequate for the purpose of our audit.
ãð¦ãñ ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ. ãð¦ãñ Ìã½ããà ñ¥¡ Ìã½ããà ãð¦ãñ ¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ôãâ¦ãã¶ã½ã For Om Agarwal & Co For Varma & Varma For PKF Sridhar & Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Santhanam Chartered Accountants Chartered Accountants Chartered Accountants (ãñ.Ôããè.Øã칦ãã) (ãñ.½ã.Ôãìãì½ããÀ¶ã) (ãè.Ìããè.ºããÊãÔãìºãƽããä¥ã¾ã¶ã) Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ (K.C.GUPTA) (K.M.SUKUMARAN) (T.V.BALASUBRAMANIAN) Partner Partner Partner Ôã.Ôãâ. 072936 Ôã.Ôãâ. 015707 Ôã.Ôãâ. 027251 M.No. 072936 M.No.015707 M.No.027251 ¹ãããÀ¶ã Ôãâ.000971Ôããè ¹ãããÀ¶ã Ôãâ. 004532Ôã ¹ãããÀ¶ã 003990Ôã FRN 000971C FRN 004532S FRN 003990S ãð¦ãñ ¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã ãð¦ãñ ½ã. ¼ããÔãÀ ÀãÌã ñ¥¡ ãâ ãð¦ãñ ãä½ã¦¦ãÊã Øã칦ãã ñ¥¡ ãâ For Bhaskaran & Ramesh For M Bhaskara Rao & Co For Mittal Gupta & Co Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Chartered Accountants Chartered Accountants Chartered Accountants
(ãñ.ÀâØãÀãã¶ã)(ãñ.ããÀ.À¦¶ã½ã) (ºããè.Êã.Øã칦ãã) (J.RANGHARAJAN) (K.R.RATNAM) (B.L.GUPTA) Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ Partner Partner Partner Ôã.Ôãâ.024327 Ôã.Ôãâ.002316 Ôã.Ôãâ.073794 M.No.024327 M. No.002316 M.No.073794 ¹ãããÀ¶ã 000462Ôã ¹ãããÀ¶ã 000459Ôã ¹ãããÀ¶ã 001874Ôããè FRN 000462S FRN 000459S FRN 001874C
Ô©ãã¶ã : Þãñ¸ãõ Place: Chennai ã䪶ããâã: 29.04.2010 Date: 29.04.2010
144 ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãò³ãè¾ã ãã¾ããÃÊã¾ã,763,㥥ãã ÔããÊãõ,Þãñ¸ãõ- 600 002 ¹ãã½ãà ºããè ¹ãâããèãð¦ã ¹ããñãäÊã¾ããñ Ôãâ. ¹ãÆãùãÔããè ¹ããù½ãà (¾ããäª ºãñããØãããèãð¦ã ¶ã Öãñ)
(ãäÌããä¶ã¾ã½ã 70 ãã ¹ã-ãäÌããä¶ã¾ã½ã¶ã (iii)) ªñãò ) ¡ãè¹ããèãã¡ãè Ôãââ: (Íãñ¾ãÀ£ããÀã ´ãÀã ¼ãÀñ Ìã ÖÔ¦ããàããäÀ¦ã ãäã ãã¶ãñ ãñ ãäÊã) ÔããèÊããã¡ãè Ôãâ.: ½ãö/Ö½ã, ...... ãä¶ãÌããÔããè ...... ãäãÊãã ...... Àã¾ã ...... ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ Íãñ¾ãÀ£ããÀã Öãñ¶ãñ ãñ ¶ãã¦ãñ ¦ãªá´ãÀã Ñããè/Ñããè½ã¦ããè ...... ãä¶ãÌããÔããè ...... ãäãÊãã ...... Àã¾ã ...... ããñ, ½ãâØãÊãÌããÀ ã䪶ããâã 20 ãìÊããà 2010 ããñ ¶ããÀª Øãã¶ã Ôã¼ãã, (ÔãªØãìÁ ãã¶ãã¶ã¶ªã ÖãÊã) 314, ãè ãè ãñ Àãñ¡, Þãñ¶¶ãõ - 600 018 ½ãò Öãñ¶ãñ ÌããÊããè ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ Íãñ¾ãÀ£ããÀããò ããè 10Ìããââé ÌãããäÓãÃã Ôãã½ã㶾㠺ãõã ããõÀ ÔãÔãñ Ôãâºãâãä£ã¦ã ããñà 㶾ã Ô©ãØã¶ã Öãñ ¦ããñ Ôã½ãò ½ãì¢ãñ/Ö½ããÀñ ãäÊã ããõÀ ½ãñÀãè / Ö½ããÀãè ããñÀ Ôãñ Ìããñ ªñ¶ãñ ãñ ãäÊã ¹ãÆãùãÔããè ãñ ¹㠽ãò ãä¶ã¾ãì§ã ãÀ¦ãã/ãÀ¦ããè Öâúî/ãÀ¦ãñ Öö ý ÌãÓãà 2010 ãñ ...... ½ããÖ ãñ ...... ã䪶ã ÖÔ¦ããàããäÀ¦ã
...... ¹ã¶³Ö ¹ãõÔãñ ãã ÀããÔÌã (¹ãÆãùãÔããèè ãñ ÖÔ¦ããàãÀ) ãäã ãäÞã¹ãããú ¶ãã½ã ...... ¹ã¦ãã ...... ¹ãÆ©ã½ã ¶ãããä½ã¦ã / ãÊã Íãñ¾ãÀ£ããÀã ãñ ÖÔ¦ããàãÀ $ ¹ããäÔ©ããä¦ã ¹ãÞããê ÔãÖ ¹ãÆÌãñÍã ¹ããÔã ( ãð¹ã¾ãã Ôã ¹ããäÔ©ããä¦ã ¹ãÞããê ããñ ¼ãÀãÀ ºãõã ãñ ¹ãÆÌãñÍã ´ãÀ ¹ãÀ Ôããõâ¹ã ªò) Íãñ¾ãÀ£ããÀã ãã ¶ãã½ã Ìã ¹ã¦ãã ...... £ãããäÀ¦ã Íãñ¾ãÀãò ããè Ôãâ¾ãã : ...... ¹ãâããèãð¦ã ¹ããñãäÊã¾ããò Ôãâ ...... (¾ããäª ºãñããØãûããèãð¦ã ¶ã Öãñ) ¡ãè¹ããè ãã¡ãè Ôãâ ...... ØãÆãÖã ãã¡ãè Ôãâ : ...... (¾ããäª ºãñããØãûããèãð¦ã Öõ ¦ããñ) ½ãö 20 ãìÊããà 2010 ããñ ÔãìºãÖ 10.00 ºããñ, ¶ããÀª Øãã¶ã Ôã¼ãã, (ÔãªØãìÁ ãã¶ãã¶ã¶ª ÖãÊã) 314, ãèãèãñ Àãñ¡, Þãñ¶¶ãõ - 600 018 ½ãò ãã¾ããñãäã¦ã ºãöã ããè 10Ìããé ÌãããäÓãÃã Ôãã½ã㶾㠺ãõã ½ãò ã¹ã¶ããè ¹ããäÔ©ããä¦ã ªãà ãÀ¦ãã ãÀ¦ããè Öîú ý
(Íãñ¾ãÀ£ããÀã / ¹ãÆãùãÔããè £ããÀã / ¹ãÆãä¦ããä¶ããä£ã ãñ ÖÔ¦ããàãÀ) 145 Indian Overseas Bank Central Office : 763, Anna Salai, Chennai - 600 002 FORM B FORM OF PROXY See Sub-Regulation (iii) of regulation 70 (TO BE FILLED IN AND SIGNED BY THE SHAREHOLDER)
Regd. Folio No. (If not Dematerialised) D P Id No. Cl. Id No. I/We ...... resident of ...... in the district of ...... in the State of ...... , being a shareholder / shareholders of Indian Overseas Bank, hereby appoint Shri/Smt ...... resident of ...... in the district of ...... in the State of ...... as my/our proxy to vote for me/us and on my / our behalf at the 10th Annual General Meeting of the shareholders of Indian Overseas Bank to be held on Tuesday, 20th July 2010 at Narada Gana Sabha, (Sathguru Gnanananda Hall) 314 TTk Road, Chennai - 600 018 and at any adjournment thereof. Signed this ...... day of ...... 2010...... (Signature of the Proxy) Please affix 15 paise Name ...... Revenue Address ...... Stamp ...... Signature of the first named/sole holder $ ATTENDANCE SLIP - CUM - ENTRY PASS (Please fill this attendance slip and hand it over at the entrance of the meeting hall) Name and address of the shareholder ...... No of shares held : ...... Regd Folio No : ...... If not dematerialised) DP ID No: ...... Client Id No: ...... (If dematerialised) I hereby record my presence at the 10th Annual General Meeting of the Bank held on 20th July 2010 at 10.00 A.M. at Narada Gana Sabha, (Sathguru Gnanananda Hall) 314, TTK Road, Chennai - 600 018
...... (Signature of the shareholder / proxy holder / representative)
146 ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã ã䡹ããùãäûãÀãè ÔãñÌããú ¶ãà Ôãââ. 47 (¹ãìÀã¶ããè Ôãâ. 22), ÖãùÊÔã Àãñü¡, Øã½ããñÀ, Þãñ¸ãõ 600 008 ¹ããñ¶ã : 044 - 28193617/3618, ¹ãõãÔã : 044-28193619
ã¹ã¶ãñ Íãñ¾ãÀãò ããñ ã½ãî¦ããêãð¦ã ¹㠽ãò (ÊãñãÈããä¶ãã ¹ããù½ãÃ) Àãò ã¹ã¶ãñ Íãñ¾ãÀãò ããñ ¡ãè½ãõ ã¾ããò ãÀò?
v Þãîúãäã Íãñ¾ãÀ ÊãñãÈãä¶ãã ¹ããù½ãà ½ãò Öö, ã¦ã: ããñà Öããä¶ã, ÞããñÀãè ¾ãã ¶ãìãÔãã¶ã ¶ãÖãé v ãäãÔããè ¹ãÆããÀ ããè ªñÀãè Ìãâ Ôã½¹ã ÍãìÊã ãñ ãäºã¶ãã Íãñ¾ãÀãò ãã ãâ¦ãÀ¥ã v Êãã¼ããâÍã/º¾ããã ºãöã ãã¦ãñ ½ãò Ôããè£ãñ ã½ãã ãäã¾ãã ãã ÔããñØãã v ºããñ¶ãÔã/ÀãáÔã Íãñ¾ãÀ ãã¹ããñ ¡ãè½ãñ ãã¦ãñ ½ãò Ôããè£ãñ ã½ãã Öãñ ããâØãñ v ¾ããäª ¡ãè½ãñ ãã¦ãñ ½ãò ¹ããäÀÌã¦ãöã ãäã¾ãã Øã¾ãã Öõ ¦ããñ Ôã¼ããè ãâ¹ããä¶ã¾ããò ããñ ¹ã¦ãñ Ìãâ ºãöã ãäÌãÌãÀ¥ã ½ãò Öì ¹ããäÀÌã¦ãöã ããè ÔãîÞã¶ãã ÔÌã¦ã: ãä½ãÊã ããØããè v ¡ãè½ãñ ãã¦ãñ ½ãò Íãñ¾ãÀãò ãñ ¹ãƦ¾ãñã ¶ãã½ãñ/ã½ãã ããè ÔãîÞã¶ãã ¹ãã¶ãñ Öñ¦ãì Ôã½ãÔã Êãà ããè ÔãìãäÌã£ãã ¹ãÊ㺣ã v ãã¦ãã £ããÀã ããè ½ãð¦¾ãì Öãñ¶ãñ ¹ãÀ, ¾ããäª ¶ãã½ããâã¶ã ãã ãäÌããʹã ãäÊã¾ãã Øã¾ãã Öãñ ¦ããñ ãäºã¶ãã ãäãÔããè ¹ãÆããÀ ããè ãü¡Þã¶ã ãñ ¶ãããä½ã¦ããè ãñ ¡ãè½ãñ ãã¦ãñ ½ãò Íãñ¾ãÀãò ãñ ãâ¦ãÀ¥ã v ¹ããñùããñãäÊã¾ããñ ãñ ½ãîʾ㠽ãò ã¶ãìãîÊã ¹ããäÀÌã¦ãöã Öãñ¶ãñ ¹ãÀ ¹ãÆãä¦ãã䪶ã Ôã½ãÔã ãÊãà ¹ãÆ㹦ã ãÀ¶ãã v ãã¹ã ãäºã¶ãã ÍãìÊã ¶À¶ãñ (ããã䡾ããã) ãñ ããäÀ ã¹ã¶ãã ãã¦ãã ªñã Ôãã¦ãñ Öö v Êãñ¶ãªñ¶ããò/£ãããäÀ¦ããããò ãñ ½ãããäÔãã/ãä¦ã½ããÖãè ãäÌãÌãÀ¥ã ¹ãÆ㹦ã ãÀ¶ãã
ãäÌã²ã½ãã¶ã ã½ãîãä¦ãÃãð¦ã ãã¦ãã£ããÀããò ´ãÀã ¶ããñ ãäã ãã¶ãñ ÌããÊãñ ãäºã¶ªì
v ¾ããäª ãã¦ãñ ããñ ãÌãÁ®/Ô©ããäØã¦ã ãäã¾ãã Øã¾ãã Öõ ¦ããñ Ôã¼ããè ãã¦ãã £ããÀããò ãñ ¹ãõ¶ã ãäÌãÌãÀ¥ã ããè ¹ãÆÔ¦ãìãä¦ã ããñ Ôãìãä¶ããäÍÞã¦ã ãäã¾ãã ããý ãÌãÁ® ãäã Øã ñÔãñ Íãñ¾ãÀãò ããñ ãã¾ããÀ ¹ãÆããä£ããããäÀ¾ããò ´ãÀã ãìãà ãäã ãã¶ãñ ããè Ôãâ¼ããÌã¶ãã Öõý
v ¾ããäª ¹ãÖÊãñ ¶ãã½ããâã¶ã ãñ ãäÌããʹã ãã ¹ãƾããñØã ¶ã ãäã¾ãã Øã¾ãã Öãñ, ¦ããñ ¶ãã½ããâã¶ã ãã ãäÌããʹ㠹ãƾããñØã ãÀ Êãòý
v ½ãì¹ã¦ã ½ãò Ôã½ãÔã ÔãìãäÌã£ãã ãã Êãã¼ã Êãñ¶ãñ ãñ ãäÊã ã¹ã¶ãã ½ããñºããÊ㠶㽺ãÀ ¹ãÊ㺣ã ãÀãúý
v ¹ãƦ¾ãñã ØãÆãÖã ããñ Êãñ¶ãªñ¶ããò/£ãããäÀ¦ããããò ãã ãäÌãÌãÀ¥ã ¹ãÆ㹦ã ãÀ¶ãñ ãã ããä£ãããÀ Öõ: ½ãããäÔãã - ¾ããäª Ôãâºãâãä£ã¦ã ½ãÖãè¶ãñ ½ãò ã½ã-Ôãñ-ã½ã ã Êãñ¶ãªñ¶ã ãäã¾ãã Øã¾ãã Öãñý ãä¦ã½ããÖãè - ¾ããäª ãä¦ã½ããÖãè ãñ ªãõÀã¶ã ã ¼ããè Êãñ¶ãªñ¶ã ¶ã ãäã¾ãã Øã¾ãã Öãñý
v ¾ããäª Êãã¼ããâÍã/º¾ããã/Ìãã¹ãÔããè ããªñÍã ÃÔããèÔã ãñ ããäÀ Ôããè£ãñ ã½ãã ¶ã ãäã¾ãã Øã¾ãã Öãñ (ãÖãú ÊããØãî Öãñ) , ¦ããñ ãð¹ã¾ãã ¾ãÖ Ôãìãä¶ããäÍÞã¦ã ãÀò ãäã ¡ãè½ãñ ãã¦ãñ ½ãò Íãããã ãã ÔãÖãè ½ãããÔããèããÀ ããñ¡ ¹ãÊ㺣ã Öõý
v ãºã Ôãì¹ãìªÃØããè ã¶ãìªñÍã ¹ãÞããê ãäãÔããè ¼ããè ÔãñÌãã ãñ¶³ ¹ãÀ ¹ãñÍã ããè ãã Ôãã¦ããè Öõý
147 INDIAN OVERSEAS BANK DEPOSITORY SERVICES New No.47 (Old No.22), Halls Road, Egmore, Chennai 600 008 Phone : 044-28193617/3618 Fax : 044-28193619
KEEP YOUR SHARES IN DEMATERIALISED FORM (ELECTRONIC FORM)
WHY TO DEMAT YOUR SHARES
v No loss, theft or damage to the shares as they are in electronic form v Transfer of Shares without any delay and stamp duty v Dividend/Interest can be credited to the bank account directly v Bonus/Rights shares get credited to your demat account directly v Change of Address/Bank particulars are communicated to all companies automatically if the change is effected in the demat account v Facility available to get SMS alert for each debit / credit of shares in the demat account v Opting for Nomination ensures hassle-free transfer of shares to the demat account of Nominee in the event of death of account holder v Receive daily SMS alert on favourable change in the value of portfolio v You can view your account through internet (IDeAS) free of charge v Receive Monthly / Quarterly statement of Transactions / Holdings
POINTS TO BE NOTED BY EXISTING DEMAT ACCOUNT HOLDERS :
v Ensure to submit PAN particulars of all account holders if the status of account is blocked / suspended. There is a possibility that the shares held in such blocked account are liable to be attached by Income-Tax Authorities v Opt for Nomination, if not already opted v Provide your Mobile number to get SMS alert facility FREE OF COST v Each client is entitled to receive statement of transactions / holdings: Monthly If there is atleast one transaction in the respective month Quarterly If there is no transaction in a quarter v If Dividends/Interests/Refund Orders are not credited directly through ECS (wherever applicable), please ensure that correct MICR code of the branch is available in the demat account v Delivery Instruction Slips can now be tendered at any of the Service Centres
148 ¹ãÆñÓãã : ã䪶ããâã:
ÔãñÌãã ½ãò ½ãñÔãÔãà ãõãä½ã¾ããñ ãã¹ããóÀñ ÔããäÌãÃÔãñÔã ãäÊããä½ãñ¡ ¾ãîãä¶ã: ã䥡¾ã¶ã ããñÌãÀÔããèûã ºãöã Ôãìºãƽããä¥ã¾ã¶ã ãäºããäÊâ¡Øã ¶ã.1 ãÊãºã ÖãÔã Àãñ¡ Þãñ¸ãõ-600002
ãä¹ãƾ㠽ãÖãñª¾ã, Ôã⪼ãà : ÊãñãÈãùãä¶ãã Ôã½ããÍããñ£ã¶ã ÔãñÌãã (ÃÔããèÔã) ãñ ûããäÀ Êãã¼ããâÍã ãã ¼ãìØã¦ãã¶ã
¹ãÆ©ã½ã £ããÀã ãã ¶ãã½ã (Ô¹ãÓ ãàãÀãò ½ãò) ¹ããñãäÊã¾ããñ Ôãâ. Íãñ¾ãÀãò ããè Ôãâ¾ãã ºãöã ãã¦ãñ ãã ¹ãÆããÀ (ãð¹ã¾ãã (a ) ãã ãä¶ãÍãã¶ã ÊãØãã) ºãÞã¦ã ÞããÊãî ¶ããªãè £ããÀ ãã¦ãã ãã¦ãã ãã¦ãã ºãöã ãã¦ãã Ôãâ. ºãöã ãã ¶ãã½ã Íãããã ãã ¶ãã½ã ãã¹ãÔãÔããè ããñ¡* ºãöã ãã ¹ãîÀã ¹ã¦ãã
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149 From: Date :
To: M/s. Cameo Corporate Services Limited Unit : INDIAN OVERSEAS BANK Subramanian Building No.1 Club House Road, Chennai - 600 002.
Dear Sir(s), Ref: PAYMENT OF DIVIDEND THROUGH ELECTRONIC CLEARING SERVICES (ECS)
Name of First Holder (In Block Letters) Folio No. No. of shares Bank A/c Type Please tick (4) Savings Current Cash Credit A/c A/c A/c Bank Account Number Name of the Bank Branch Name IFSC Code* Full Address of the Bank
9-Digit Code number & Branch appearing on the MICR cheque issued by the Bank (Please attach Photocopy of a cheque or a blank cancelled cheque issued by your bank relating to your above account for verifying the accuracy of the code). I agree to avail of the Electronic Clearing Service, as and when implemented by Indian Overseas Bank for payment of dividend to me. I hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I would not hold Indian Overseas Bank / Registrar responsible. I further undertake to inform the Registrar / Indian Overseas Bank of any change in my Bank, Branch and Account no.
* Obtain from your Branch (Signature of the First / Sole Shareholder)
150