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Ue Efveoee&Jceer³e Deewj Yeerceeke yeerceeke=Àle Deewj HetCe&leë mebjef#ele KeeleeW keÀer mebK³ee (Òel³eskeÀ Je<e& 31 cee®e& kesÀ Devegmeej) NUMBER OF INSURED AND FULLY PROTECTED ACCOUNTS (As on March 31, Each Year) \HHUFHHNH OH.HHOHH:NHHUPHE.HH 1RRILQVXUHGDFFRXQWV +HW&H OHÉPHEMHIHOH.HHOHH:NHHUNHJXHPHE.HH 1RRIIXOO\SURWHFWHGDFFRXQWV Q LOOLR P LQ HIFHHIXHHYHFH: YHHVÊÉQVOHJ°HRHI0H OH'HHENHÄ>VHIM+HHVHIÊLHNHVYH6°HH+HNHV'HYHJPHHMQ4a1RWH'DWDIRUDUHDVSHUQHZUHSRUWLQJIRUPDW kegÀue efveOee&jCeer³e Deewj yeerceeke=Àle peceejeefMe³eeB (Òel³eskeÀ Je<e& 31 cee®e& kesÀ Devegmeej) AMOUNT OF ASSESSABLE AND INSURED DEPOSITS (As on March 31, Each Year) HIYH2HH M&HHUHSHFHHMHHI0HHH% $PRXQWRI$VVHVVDEOHGHSRVLWV \HHUFHHNH OHSHFHHMHHI0HHH% $PRXQWRI,QVXUHG'HSRVLWV Q LOOLR E C / C HI\HHIXHHYH YHHVÊÉNHV\HHRPHV°HRHI0H OH'HHENHÄ>VHIM+HHVHIÊLHNHVYH6°HH+HNHV'HYHJPHHMQ4a1RWH'DWDVLQFHDUHDVSHUQHZUHSRUWLQJIRUPDW yeerceeke=Àle yeQkeÀeW keÀer leguevee ceW peceejeefMe kesÀ efueS yeercee keÀJejspe keÀe efJemleej (31 cee®e& 2016) EXTENT OF INSURANCE COVERAGE TO DEPOSITS OF INSURED BANKS (MARCH 31, 2016) KeeleeW keÀer kegÀue mebK³ee - 1,682 efceefue³eve efveOee&jCeer³e peceejeefMe³eeW keÀer kegÀue jeefMe - ` 94,053 efyeefue³eve TOTAL NUMBER OF ACCOUNTS TOTAL AMOUNT OF ASSESSABLE DEPOSITS 1,682 million ` 94,053 billion 'HE0HOHÉPHEMHIHOH.HHOHV g PHEMHIHOHSHFHHMHHI0HHH%NHHUFHHHH g 3DUWO\3URWHFWHG$FFRXQWV $PRXQWRI3URWHFWHG'HSRVLWV +HW&H OHÉPHEMHIHOH.HHOHV g )XOO\3URWHFWHG$FFRXQWV 'HYHMHIHOHSHFHHMHHI0HHH%NHHUFHHHH g $PRXQWRIXQSURWHFWHG'HSRVLWV YHHVÊÉ'HHENHÄ>VHIM+HHVHIÊLHNHVYH6°HH+HNHV'HYHJPHHMQ4a1RWH'DWDDVSHUQHZUHSRUWLQJIRUPDW DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION (Wholly owned subsidiary of the Reserve Bank of India) 54th Annual Report of the Board of Directors Balance Sheet and Accounts for the year ended 31st March, 2016 Mission To contribute to financial stability by securing public confidence in the banking system through provision of deposit insurance, particularly for the benefit of the small depositors. Vision To be recognised as one of the most efficient and effective deposit insurance providers, responsive to the needs of its stakeholders. ii Contents Page No. 1. Letters of Transmittal ....................................................................... iv-v 2. Board of Directors ........................................................................... vi 3. Organisation Chart ......................................................................... vii 4. Contact information of the Corporation ........................................... viii 5. Principal Officers of the Corporation ............................................... ix 6. Abbreviations .................................................................................. x-xi 7. Highlights ........................................................................................ xii-xiv 8. An Overview of DICGC ................................................................... 1-5 9. Management Discussion and Analysis ........................................... 6-12 10. Directors’ Report ............................................................................. 13-24 11. Annexes to Directors’ Report .......................................................... 25-50 12. Auditors’ Report .............................................................................. 51 13. Balance Sheet and Accounts .......................................................... 52-65 iii efve#esHe yeercee Deewj Òel³e³e ieejbìer efveiece (Yeejleer³e efj]peJe& yeQkeÀ keÀer mebHetCe& mJeeefcelJeJeeueer men³eesieer) DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION efveosMekeÀ (Wholly owned subsidiary of the Reserve Bank of India) Director DICGC/SD/1724 / 01.01.016 / 2016-17 June 29, 2016 LETTER OF TRANSMITTAL (To the Reserve Bank of India) The Chief General Manager and Secretary Secretary’s Department Reserve Bank of India Central Office Central Office Building Shahid Bhagat Singh Road Mumbai - 400 001 Dear Sir, Balance Sheet, Accounts and Report on the Working of the Corporation for the year ended March 31, 2016 In pursuance of the provisions of Section 32(1) of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, I am directed by the Board of Directors to forward herewith a signed copy each of : (i) the Balance Sheet and Accounts of the Corporation for the year ended March 31, 2016 together with the Auditors’ Report, and (ii) the Report of the Board of Directors on the working of the Corporation for the year ended March 31, 2016. 2. Documents mentioned at (i) and (ii) have been furnished to the Government of India as required under Section 32(1) of the Deposit Insurance and Credit Guarantee Corporation Act, 1961. 3. The printed copies of the Annual Report of the Corporation will be sent to you in due course. Yours faithfully, (M. Ramaiah) Secretary Encl: As above ÒeOeeve keÀe³ee&ue³e ë Yeejleer³e efj]peJe& yeQkeÀ YeJeve, otmejer cebef]peue, (cegbyeF& mesvì^ue mìsMeve kesÀ meeceves), Yee³eKeuee, cegbyeF& - 400 008. HEAD OFFICE : Reserve Bank of India Building, Second Floor, (opp. Mumbai Central Railway Station) Byculla, Mumbai - 400 008. Phone : (022) 2301 9792 Fax: (022) 2301 5662, 2301 8165 E-mail: [email protected] iv efve#esHe yeercee Deewj Òel³e³e ieejbìer efveiece (Yeejleer³e efj]peJe& yeQkeÀ keÀer mebHetCe& mJeeefcelJeJeeueer men³eesieer) DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION efveosMekeÀ (Wholly owned subsidiary of the Reserve Bank of India) Director DICGC / SD /1725/ 01.01.016 / 2016-17 June 29, 2016 LETTER OF TRANSMITTAL (To the Government of India) The Secretary to the Government of India Ministry of Finance Department of Financial Services Jeevan Deep Building Parliament Street New Delhi - 110 001 Madam, Balance Sheet, Accounts and Report on the Working of the Corporation for the year ended March 31, 2016 In pursuance of the provisions of Section 32(1) of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, I am directed by the Board of Directors to forward herewith a signed copy each of : (i) the Balance Sheet and Accounts of the Corporation for the year ended March 31, 2016 together with the Auditors’ Report, and (ii) the Report of the Board of Directors on the working of the Corporation for the year ended March 31, 2016. Three extra copies thereof are also sent herewith. 2. Copies of the material mentioned as at (i) and (ii) above (i.e., Balance-sheets, Accounts and Report on the Working of the Corporation) have been furnished to the Reserve Bank of India. 3. We may kindly be advised of the date/s on which the above documents are placed before each House of Parliament (viz., the Lok Sabha and Rajya Sabha) under Section 32(2) of the Act ibid. The printed copies of the Annual Report of the Corporation will be sent to you in due course. Yours faithfully, (M. Ramaiah) Secretary Encl: as above ÒeOeeve keÀe³ee&ue³e ë Yeejleer³e efj]peJe& yeQkeÀ YeJeve, otmejer cebef]peue, (cegbyeF& mesvì^ue mìsMeve kesÀ meeceves), Yee³eKeuee, cegbyeF& - 400 008. HEAD OFFICE : Reserve Bank of India Building, Second Floor, (opp. Mumbai Central Railway Station) Byculla, Mumbai - 400 008. Phone : (022) 2301 9792 Fax: (022) 2301 5662, 2301 8165 E-mail: [email protected] v Board of Directors CHAIRMAN Shri R. Gandhi Nominated by the Reserve Bank of India under Section 6 (1) (a) of the Deputy Governor, Reserve Bank of India Deposit Insurance and Credit Guarantee Corporation Act, 1961. (from 21.11.2014 to 03.07.2016) Shri N. S. Vishwanathan Nominated by the Reserve Bank of India under Section 6 (1) (a) of the Deputy Governor, Reserve Bank of India Deposit Insurance and Credit Guarantee Corporation Act, 1961. (from 04.07.2016) DIRECTORS Shri Jasbir Singh Nominated by Reserve Bank of India under Section 6 (1) (b) of the Executive Director, Reserve Bank of India Deposit Insurance and Credit Guarantee Corporation Act, 1961. (from 21.09.2012 to 31.10.2015) Shri Kapal Kumar Vohra Nominated by Reserve Bank of India under Section 6 (1) (b) of the Executive Director, Reserve Bank of India Deposit Insurance and Credit Guarantee Corporation Act, 1961. (from 01.11.2015) Dr. Shashank Saksena Nominated by the Central Government under Section 6 (1) (c) of the Adviser Deposit Insurance and Credit Guarantee Corporation Act, 1961. Ministry of Finance (from 12.06.2008) Department of Economic Affairs Government of India Dr Harsh Kumar Bhanwala Nominated by the Central Government under Section 6 (1) (d) of the Chairman Deposit Insurance and Credit Guarantee Corporation Act, 1961. National Bank for Agriculture and (from 12.06.2014) Rural Development Shri R. Ramachandran Nominated by the Central Government under Section 6 (1) (d) of the Deposit Insurance and Credit Guarantee Corporation Act, 1961. (from 19.09.2014) Shri H. N. Prasad Nominated by the Central Government under Section 6 (1) (e) of the Deposit Insurance and Credit Guarantee Corporation Act, 1961. (from 07.01.2015) vi ORGANISATION CHART &+$,50$1 %2$5'2)',5(&7256 6WDWXWRU\$XGLWRUV $XGLW&RPPLWWHH &KLHI)LQDQFLDO ([HFXWLYH'LUHFWRU $GYLVHU 2IILFHU 'LUHFWRU 7'57%2'$7 ,2''3&DQG30& 6HFUHWDU\¶V 5HVHDUFK3ROLF\ 5HVROXWLRQ DQG,QIRUPDWLRQ 'HSDUWPHQW &HOO 5& &HOO 53,& 6' 2SHUDWLRQV %DFN2IILFH 6HUYLFHV *HQHUDO0DQDJHU *HQHUDO0DQDJHU *HQHUDO0DQDJHU &ODLP6HWWOHPHQW'HSDUWPHQW 7UHDVXU\%DFN2IILFH 7%2 'HSDUWPHQWRI$FFRXQWVDQG &6' 7D[DWLRQ '$7 5HFRYHU\0DQDJHPHQW&HOO 50& +XPDQ5HVRXUFHV 0DQDJHPHQW'HSDUWPHQW /HJDO&HOO +50' 5DMEKDVKD&HOO *HQHUDO0DQDJHU 'HSXW\*HQHUDO 0DQDJHU %DQN5HJLVWUDWLRQ&HOO %5& 'HSDUWPHQWRI
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