Description
The report for the financial year 2011 - 2012 of punjab national bank.
5
¤ra =./Page No.
Notice 6
Directors' Report 11
Management Discussion And Analysis 22
Corporate Social Responsibility Report 59
Disclosure under Basel II 75
Report on Corporate Governance 94
Auditors' Certificate 117
Financial Statements 119
- Balance Sheet 120
- Profit & Loss Account 121
- Schedules 122
- Significant Accounting Policies 132
- Notes on Accounts 139
- Cash Flow Statement 161
- Auditors' Report 164
Consolidated Financial Statements 167
- Balance Sheet 168
- Profit & Loss Account 169
- Schedules 170
- Significant Accounting Policies 180
- Notes on Accounts 186
- Cash Flow Statement 200
- Auditors' Report 203
Proxy Form 205
E-credit Mandate for Dividend/
Bank Account Details Form
- Physical 207
- Demat 209
Attendance Slip cum Entry Pass 211
AUDITORS
V. K. Verma & Co.
Mookherjee Biswas & Pathak
Amit Ray & Co.
Sarda & Pareek
Borkar & Muzumdar
G.S. Madhava Rao & Co.
REGISTRAR & SHARE TRANSFER AGENT
MCS Ltd
F-65, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi 110020
Tele No. Direct : 011-41709884
EPABX: 011-41406149/51/52
Fax No.: 011-41709881
Email: [email protected], [email protected]
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Contents
6
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(A Government of India Undertaking)
Head Office: 7, Bhikhaiji Cama Place, New Delhi-110 607
(Share Department, Finance Division, 5, Sansad Marg, New Delhi 110001)
Email : [email protected]
NOTICE
NOTICE IS HEREBY GIVEN that the 11TH Annual General Meeting of Shareholders of PUNJAB NATIONAL BANK will be held on
Tuesday, the 26th June, 2012, at 10.00 a.m. at Punjab National Bank Auditorium, Central Staff College, 8 Underhill Road, Civil Lines, Delhi
110054, to transact the following business:
1. To discuss, approve and adopt the Audited Balance Sheet of the Bank as at 31st March 2012, Profit and Loss Account of the Bank for
the year ended 31st March 2012, the Report of the Board of Directors on the working and activities of the Bank for the period
covered by the Accounts and the Auditors' Report on the Balance Sheet and Accounts.
2. To declare Annual Dividend on Equity Shares for the Financial Year 2011-12.
Place : New Delhi (K. R. Kamath)
Date : 18/5/2012 Chairman and Managing Director
7
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-¤lª·|- t|- ~|· n- <- t- v|+=i l-¤+- +·- +| ·|i ¤|·| t|ª|/t|ªi -·||
(=i v|+=i +| ¤+ +| z|¤·¬|·+ t|-| ~|¤z¤+ -ti t nl+- (=i v|+=i
+| ¤a+ n ¤|n- +| ~l¬+|· -ti t|ª| (=| +|: ·|i ·¤l+- ¤| ¤+ +|
+n-|·i ¤| ~l¬+|·i t v|+=i + ª¤ n l-¤+- -ti l+¤| ¤| =+-|
¤a+ n v|+=i ¤·| + ª|·ºi+-| +| ¤|º <- +| ~l¬+|· -ti t|ª| v|+=i
+ ª¤ n l-¤+- +i ¤|- ¤|ni lnº|- +| v·||¤i +·- + ln( -= z|¤·
l¤·||ª v¬|- +|¤|n¤ · ==< n|ª -: l<-ni ¡¡ººº¡ n ¤a¤ ¤t
artt=r ¤ ¤n = ¤n + fªª ¤¸¤ =ºrra¸ ¤¤¤rt zo ¬¸ª, zo+z ¤r
¤rtr¤rtt =n¤ ¤t =nrfta =ºrra¸ =r¤ s.oo ¤¬ a¤ ¬nr ¤t ªt
¬rqì v|+=i ¤·|n +| v|ª¤ ¤|l·|+ l·¤|º + =|·| =n·- t
z. ¤rf¤¤a ¤fafªf¤ ¤t fª¤f¤a
+|: ·|i (=| ·¤l+- l+=i l-ªln- l-+|¤ + l¤l¬¤-¸ v|l¬+- vl-l-l¬ +
ª¤ n -¤ -+ ¤+ +i ¤a+ n -¤lª·|- t|- ¤| n- <- +| ¤|·| -ti t|ª|
¤¤ -+ -= ¤a+ l¤= n ¤t =+-¤ ¤|l·- l+¤| ª¤| t + ~·¤-| ,|·|
l¤l¬¤-¸ ª¤ = v|l¬+- vl-l-l¬ + ª¤ n -= l-¤+- +·- ¤|n =+-¤
+i =·¤vl- v¬|- +|¤|n¤ · ==< n|ª -: l<-ni ¡¡ººº¡ n lª·|-
¤¤|¤ -z|-n ¤+ + z|¤· l¤·||ª l¤·- v·||ª n ¤a¤ ¤t artt=r ¤ ¤n
= ¤n + fªª ¤¸¤ =ºrra¸ ¤¤¤rt, zo ¬¸ª, zo+z ¤r ¤rtr¤rtt =n¤
¤t =nrfta =ºrra¸ =r¤ s.oo ¤¬ a¤ ¬nr ¤t ªt ¬rqì (=| +|: ·|i
·¤l+- ¤| ¤+ +| +n-|·i ¤| ~l¬+|·i t vl-l-l¬ + ª¤ n l-¤+- -ti
l+¤| ¤| =+-|
s. rr¤t¤rt¤r ¤r tf¬tºt ¤-ª rrªr
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t- ¤+ + z|¤·¬|·+| +| ·l¤ªº· -·|| z|¤· ~-·º| ¤ª-+ ¡·.º·..º¡.
:z|l-¤|·| = .·.º·..º¡. :nªn¤|·| -+ :<|-| l<- z||lnn| ¤< ·tªi
:¤+ + l-<z|+ ¤|÷ - ºº.º·..º¡. +| ~|¤|l¤- ~¤-i ¤a+ n l¤·- ¤·|
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= ¤|l·|+ n|·||z| +i l=¤·|l·z| ¤tn ti +· <i t ¤z|- ~|ª|ni ¤|l·|+
~|n ¤a+ n :=+i ·||·|º|| +· <i ¤|(
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z||lnn +· ln( ¤|(ª
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n|·||z| +i ·||·|º|| ¤l< ¤|l·|+ ~|n ¤a+ n +· <i ¤|-i t -- =·|i
z|¤·¬|·+| +| ¤| ¤+ + z|¤·¬|·+| + ·l¤ªº· n ¡·.º·..º¡. ~·||-¸
¤lt¤| + ¤< t|- + ¤¸¤ l<¤= +| ¤¤i+- t|ª +| -=+| ·|ª-|-
¡..º..º¡. +| +· l<¤| ¤|(ª|
s. ¤rº ¤r =f¤¤rt
¤l+ª +-¤-i :-¤+n| +| ~¤- (¤ ~-·º|| ~l¬l-¤n ¡ºº +i ¬|·|
ª :.:| + v|¤¬|-| + ~-=·º| n ¤+ +| +|: ·|i z|¤·¬|·+ +-:
=·+|· + ~l-l·+- -=+ ,|·| ¬|l·- z|¤·| + =¤¬ n ¤+ + =nª-
z|¤·¬|·+| + +n ¤|º + ~l¬+|· + ¡· = ~l¬+ ¤|lºª + ~l¬+|·
+| t+<|· -ti t|ª| ¤l< +|: z|¤· <| ¤| ~l¬+ ·¤l+-¤| + -|n ¤· t
NOTES:
1. APPOINTMENT OF PROXY
A shareholder entitled to attend and vote at the meeting, is entitled
to appoint a proxy to attend and vote instead of himself/herself
and such a proxy need not be a shareholder of the Bank but the
proxy so appointed shall not have any right to speak at the meeting.
No person shall be appointed as a Proxy who is an officer or an
employee of the Bank. The grantor of an instrument of proxy shall
not be entitled to vote in person at the meeting. The proxy in order
to be effective, must be received by the Bank at Share Department,
Head Office, 5, Sansad Marg, New Delhi 110001 not less than
FOUR DAYS before the date of the meeting i.e. on or before
the closing hours i.e. 5 p.m. on Wednesday, the 20th June,
2012. The format of the proxy form is attached with Annual Report.
2. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE
No person shall be entitled to attend or vote at the meeting as duly
authorized representative of a body corporate, unless a copy of
the resolution appointing him/her as a duly authorized
representative, certified to be a true copy by the Chairman of the
meeting at which it was passed, shall have been deposited at the
Share Department, Finance Division, Head Office, 5 Sansad Marg,
New Delhi 110001, not less than four days before the date of
meeting i.e. on or before the closing hours i.e. 5 p.m. on
Wednesday, the 20th June, 2012. No person shall be appointed
as an authorized representative, who is an officer or an employee
of the Bank.
3. CLOSURE OF REGISTER OF SHAREHOLDERS
The Register of Shareholders and Share Transfer Books of the Bank
will remain closed from 16.06.2012 (Saturday) to 26.06.2012
(Tuesday) (both days inclusive) for the purpose of determining the
eligibility of shareholders to attend Annual General Meeting and
to receive Annual Dividend for FY 2011-12. {The Board of
Directors of the Bank in its meeting held on 09.05.2012 had
recommended Annual Dividend of Rs.22/- per equity share (i.e.
220%) subject to its declaration in the meeting.}
The Transfer Deed(s) along with Share Certificate(s) received upto
Friday the 15th day of June, 2012 i.e. the previous day of start of
Book Closure shall be considered for entitlement of shareholders
to receive the Annual Dividend.
4. PAYMENT OF ANNUAL DIVIDEND
The Annual Dividend as recommended by the Board of Directors
of the Bank in its meeting held on 09.05.2012, if declared at the
Annual General Meeting, will be paid on 12.07.2012 , to those
Shareholders whose names appear on the Register of Shareholders
of the Bank as on 15.06.2012 i.e. the previous day of start of Book
Closure.
5. VOTING RIGHTS
In terms of provisions of Section 3(2E) of the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970, no shareholder
of the Bank other than the Central Government shall be entitled to
exercise voting rights in respect of the shares held in excess of 1%
of the total voting rights of all the shareholders of the Bank. If any
share stands in the names of two or more persons, the person first
8
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(+n ¬|·+ n|-| ¤|(ª|
e. ¬r+rrrr ¤ +rnarª ¤ f¬q ;-afzº =f¤ªrr.¤¤ =rra ¤ ª¤rt,
¤a n ¤ft¤aª aºrr =-¤ f¤¤t¢r
¤¸ n¸a=¤ n rr¤t¤rftar
n¸-ª¤ n z|¤·¬|l·- z|¤·¬|·+| = ~-·|¬ t l+ ¤ ~¤- ¤- n
¤l·¤-- ¤+ º||- +| ·¤|·| ~·||-¸ ¤+ +| -|n z||º|| ¤-| º||-|
=º¤| º ~+| +| n|:+· +|÷ ¤=| l+ -+ n l<¤| ª¤| t (¤
:+l÷º ~l¬<z|* ~|l< ·l¤ªº|· (¤ z|¤· ~-·º| (¤º ~·||-¸
qn=tq= f¬. (¤tqª¤t ¤¸fªº¸, q¤·-es, ¤r¬t nf¬¬, =r=r¬r
=rurfn¤ +r·r, ¤·¬ ì, ª; fªr¬t-++oozo +| =¸l-- +· -|l+ ¤
~¤- º||- n =i·| n|·||z| =n¤ ¤· v|-- +· =+ :+l÷º ~l¬
<z|/¤+ +| ·¤|·| ¤·|n +| v|ª¤ ¤|l·|+ l·¤|º + =|·| =n·- t -·||
¤ ¤+ +i ¤¤=|:º ~·||-¸ www.pnbindia.in ¤· ·|i -¤n·¬ t|ª|
=r¸ ;¬¤ºrfª¤ =¤ n rr¤t¤rftar
:n+º|l-+ ª¤ n ¬|l·- z|¤·| + n|·||l·|¤| = ~-·|¬ t l+ ¤
=l-lz-- +· l+ --+| ¤-| ¤+ º||- +| ·¤|·| ~·||-¸ ¤+ +| -|n
z||º|| ¤-| º ~+| +| n|:+· +|÷ ¤=| l+ -+ n l<¤| ª¤| t (¤
:+l÷º ~l¬<z|* ~|l< --+ l÷¤|l¤º·i =t·||ªi + ¤|= l¤l¬¤-¸
~¤-- ª¤ n <¤ t -|l+ ¤ ~¤- º||- n n|·||z| =n¤ ¤· =i¬
v|-- +· =+
* rr¤t¤rt¤ ¤¤¤r ªrº ¤t f¤ ªrrª¬ ;¬¤ºrfª¤ ¤¬t¤ftn f=tºn
(qª;=tq=¸ =¤ª =rra n =t¤ ¬r+rrrr ¤rta ¤tª ¤t +rrtat¤ ft¬¤
¤¤ çrtr fª¤rfta q¤ ¤fa¤r rì ¤r =f¤¤r a+rt s¤¬ª¤ rrnt ¬¤
rr¤t¤rt¤ ¤r =rrar ¤¤ ¤t ¤rt ¤f¤n =rr¤¸rrª (=t¤tq=¸ rrr=rr
n r (rnrt ¤¤ ¤t =+rt rrr=rrq =t¤tq= r¸ aºrr ¬r+rrºrt ª
;-afzº =f¤ªrr fz¤r¬ºtt =r+rrnt (zt¤t¸ ¤ ¤r= ª¬ f¤¤r r
aºrr n¸a =¤ n rr¤t¤rfta rr¤t¤rt¤r ª ;-afzº =f¤ªrr tf¬tºrt
q¤ rr¤t =at¢r q¬º ¤ ¤r= ª¬ f¤¤r rì ;=¤ =faft¤a rr¤t¤
rt¤r ¤ =rra n =-¤ ;-¤fa¤r çrtr +rt ¬r+rrrr ¬nr f¤¤r ¬r =¤ar
rì ;= ¤fa¤r = ¬r+rrrr ¤rtº ¤ nrn n ¤r =-¤ºrr nn rr ¬rª ¤t
=+rr¤ªr ªrt rratì
z. ¬r+rrrr ¤r ¤rta ª rrªr
l¤ª- n ¤+ + n|·||z| ¤|·º + +¤ ln¤·|¤· l¤l·|-- +|·º|| = ~l¤-l·-
¤|l¤= v|-- t( t l¤l·|-- l¤-| ¤·|| + n|·||z| º||-| n l¤-| ¤·| .ºº:º·
= :~ l-n n|·|| z| ·| ª-|- l-l·| ºº.ºº..ºº·| ·|i + ¤ ·|lz| l¤-|
·|ª-|-/~<|¤|+- ¤÷i t: t ~-· l¤- z|¤·¬|·+| +| n|·||z| v|-- -ti
t~| t --= ~-·|¬ t l+ ¤ ·l¤ªº|· (¤ z|¤· ~-·º| (¤º = =-¤+
+·+ --t ~¤-| -¤i--n ¤-| ºni¤·|-/n|¤|:n -. :nn (¤ ~-¤ ·¤|·|
¤= ¤·|ln¤| -./÷i¤i ~|:÷i (¤ ª|t+ ~|:÷i :·¤|l< <
rr¤t¤rt¤ ¤¤¤r ªrº ¤t f¤ =rf¤f¤¤ ¤r¤¤rªr ¤ =ª=rt, ¤fª
¬r+rrrr trfrr ª¤ fafºr = z ¤rrr a¤ f¤ªr +rnarª ªr¤r ¤ trat r,
a¤ +rnarª ª ¤t n; ¤fºra trfrr +rrta =t¤rt çrtr nfaa fª¤rr¤
frr+r¢r q¤ =t+r¢r ¤·z (=r;;¤tq¤·¸ n =afta ¤tªt rrat rì =a.
f¤-r ¤rr zoo+-os (=fan ¬r+rrrr +rnarª fafºr ov.os.zoos¸ ¤
f¬q ¬r+rrrr =rra n =¤ª-a.=ªr¤r¤a trfrr =r;;¤tq¤· ¤r =afta
¤t ªt ¬r¤ntì =a. ¤ rr¤t¤rt¤ f¬-r s¤a ¬r+rrrr ¤rta ªrt r=r
r, sª= =ªtr¤ r f¤ ¤ ;=¤ f¬q =¤ªr ªr¤r os.os.zo+z a¤
named in the register shall, as regards voting, be deemed to be the
sole holder thereof.
6. DIVIDEND MANDATE FOR E-CREDIT/BANK ACCOUNT
DETAILS, CHANGE OF ADDRESS AND OTHER
PARTICULARS :
a) Holding of shares in Physical Form
Shareholders holding shares in physical form are requested to
inform the Registrar and Share Transfer Agent i.e. MCS
Limited (Unit - PNB) F-65, First Floor, Okhla Industrial
Area, Phase I, New Delhi 110020, in respect of change of
address, Bank Account details, viz, Name of Bank, Branch,
Address, Account Number, 9 digit MICR/IFSC code as given
on cheque and E-credit mandate*, etc., so that they receive
dividend directly in their account. The format for E-credit
mandate/Bank details form is enclosed with Annual Report
and is also available on Bank's website i.e. www.pnbindia.in.
b) Holding of shares in Electronic Form.
Beneficial owners holding shares in electronic form are
requested to ensure that the address, Bank details i.e. Name
of Bank, Branch, Address, Account Number, 9 digit MICR/
IFSC code as given on cheque, E-credit mandate*, etc. are
duly updated with their Depository Participant (DP) so that
they may receive dividend directly in their account.
* Shareholders please note that National Electronic Clearing
System (NECS) is a procedure stipulated by Reserve Bank of
India for receiving dividend directly in their account. This facility
is available provided the account of the shareholder is with
Core Banking Solution (CBS) Branch of a Bank (All Branches of
your Bank are in CBS) and the Beneficial owners have got E-
credit mandate recorded with their Depository Participant (DP)
and shareholders holding shares in physical form have got E-
credit mandate recorded with Registrar & Share Transfer Agent.
Further, Dividend may also be credited in the account of
shareholders through other e-mode. This avoids loss of
dividend warrant(s) in transit or otherwise.
7. NON RECEIPT OF DIVIDEND
Bank has received back some undelivered envelopes in the past
containing dividend warrants due to various reasons. Further, certain
amount lying in Unpaid/Unclaimed Dividend Accounts since FY
2004-05 (Final Dividend Payment Date - 09.08.2005) has also not
been claimed. As such, shareholders who have not received/claimed
dividend(s) are requested to contact, Registrar & Share Transfer
Agent by giving their latest address, Mobile/Telephone No., email
and other details viz Folio No./DPID & Client ID etc.
Shareholders please note that as per statutory provisions, if
the dividend amount remains unpaid/unclaimed for 7 years
from the due date, then the said unpaid/unclaimed amount
has to be transferred to Investor Education & Protection Fund
(IEPF) set up by Central Government. As such the unpaid/
unclaimed amount in Dividend Account - FY 2004-05 (Final
Dividend Payment Date - 09.08.2005) has to be transferred
to IEPF. As such the shareholders who have not received/
claimed the said dividend are requested to claim the same not
later than 08.08.2012. The Bank will remit the amount to them
9
on receipt of their request. Please note that once the unpaid
amount is transferred to IEPF, no individual claim shall lie against
the Bank or IEPF. Year-wise list of unpaid/unclaimed dividend
is uploaded on Bank's Website www.pnbindia.in under
"Investors' Info'.
8. REQUEST TO SHAREHOLDERS
a) Please note that copies of the Annual Report will not be
distributed at the venue of the meeting. Shareholders/Proxy
holders/ Authorized Representatives are, therefore, requested
to bring their copies of the Annual Report to the meeting.
(Annual Report alongwith formats is being posted on the Bank's
Website at www.pnbindia.in).
b) Kindly keep the mobile phone switched off inside the
auditorium.
c) Shareholders may kindly note that no gift/gift coupon will be
distributed at the meeting.
9. ATTENDANCE SLIP - CUM - ENTRY PASS
For the convenience of the shareholders, Attendance Slip-cum-Entry
Pass is attached with Annual Report. Shareholders/Proxy Holders/
Authorised Representatives are requested to affix their signatures
at the space provided in Attendance Slip-cum-Entry Pass and
surrender the same in AGM.
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¤t ªnrì ¤¤¤r ªrº ¤t f¤ =¤ª-a trfrr ¤ =r;;¤tq¤· =rra n
=at¢r ¤ ¤r¤ra¸ ¤¤ ¤ ¤r =r;;¤tq¤· ¤ f¤=q ¤r; ª¤f¤ana
ªr¤r ªrt f¤¤r ¬r =¤nrì =¤ª-a.=ªr¤r¤a ¬r+rrrrr ¤t ¤rr¤rt
=¸¤t ¤¤ ¤ ¤¤=r;º www.pnbindia.in ¤ ´;-¤tº= ;-¤·r' ¤
=ana =¤¬rz rì
s. rr¤t¤rt¤r = =ªtr¤
+| z|¤·¬|·+| +| =¸l-- l+¤| ¤|-| t l+ ¤|l·|+ l·¤|º +i vl-¤|
¤|l·| + ~|n ¤ a+ + ª·|n ¤· l¤-l·- -ti +i ¤|( ªi ~-·
z| ¤··||·+| /v| +=i¬|·+| /v|l¬+ - vl-l-l¬¤| = ~- ·| ¬ t l+ ¤ (-ª¸ ¤|·|
·|¤i ¤| ·ti ¤|l·|+ l·¤|º +i ~¤-i vl- ~¤- =|·| n|( ¤|l·|+
l·¤|º ¤l·lz|·º =lt- ¤+ +i ¤¤=|:º www.pnbindia.in ¤· ·|i
-¤n·¬ +·|: ¤| ·ti t
º|| +¤¤| ~|l÷º|l·¤n + ~-<· ~¤-| n|¤|:n ¤·|- ¤-< ·º|
ª| z|¤·¬|·+ +¤¤| -|º +· l+ ¤a+ ª·|n ¤· +|: -¤t|·/+¸¤-
l¤-l·- -ti l+¤| ¤|(ª|
v. s¤ftºrfa ¤¤t aºrr ¤¤rr ¤r=
z|¤·¬|·+| +i =l¤¬| + ln( -¤lª·|l- ¤-i =t v¤z| ¤|= := ¤|l·|+
l·¤|º + =|·| =n·- t z|¤·¬|·+|/v|+=i¬|·+|/v|l¬+- vl-l-l¬¤| =
~-·|¬ t l+ ¤ -¤lª·|l- ¤-i =t v¤z| ¤|= n -l-- ª·||- ¤· ~¤-
tª-|-|· +· -·|| ¤|l·|+ ~|n ¤a+ n := =¤< +·
12
Leading With Strong Fundamentals
13
Asset Quality
Productivity
Comfortable Capital Base
Shareholding Pattern
14
¤nfa. q¤ ª¬t
PROGRESS AT A GLANCE
(` +·|÷ / ` Crore)
a.=. ¤trntºt f¤-r ¤rr os f¤-r ¤rr ov f¤-r ¤rr +o f¤-r ¤rr ++ f¤-r ¤rr +z
Sl. PARAMETERS FY'08 FY'09 FY'10 FY'11 FY'12
1. ¤¸¤i 315 315 315 317 339
Capital
2. l·¤¤ 12003 14338 17408 21192 27479
Reserves
3. ¤n|·|lz|¤| 166457 209761 249330 312899 379588
Deposits
4. ~lªn 119502 154703 186601 242107 293775
Advances
5. +n +|·|¤|· 285959 364464 435931 555005 673363
Total Business
6. +n ¤l·=-¤l-|¤| 199020 246919 296633 378325 458194
Total Assets
7. l-¤z| :=+n| 53992 63385 77724 95162 122629
Investment (Gross)
8. +n z||º||( 4589 4668 5002 5194 5675
Total Branches
9. ¤l·-|n-+|·i n|·| 4006 5690 7326 9056 10614
Operating profit
10. +n ¤|¤¬|- 1958 2599 3421 4622 5730
Total Provision
11. l-¤n n|·| 2049 3091 3905 4433 4884
Net Profit
12. +|·|¤|·/+n-|·i :` n|º| n| 505.0 655.0 808.0 1018 1132
Business/Employee (` lakh)
13. n|·|/+n-|·i :` n|º| n| 3.66 5.64 7.31 8.35 8.42
Profit/Employee (` Lakh)
14. +º| ¤n| ~-¤|- :·| 71.79 73.75 74.84 77.38 77.39
Credit-Deposit Ratio (%)
15. ¤n|·|lz|¤| +i n|ª- :·| 5.59 6.25 5.38 5.24 6.59
Cost of Deposit (%)
16. ~lªn| +i ¤|l-- :·| 10.36 11.41 10.36 10.58 11.67
Yield on Advances (%)
17. l-¤z| ¤· ¤|l-- :·| 6.94 6.92 6.73 7.05 7.91
Yield on Investment (%)
18. l-¤n ·¤|¤ n|l¤ - :·| 3.58 3.52 3.57 3.96 3.84
Net Interest Margin (%)
19. ¤l·=-¤l-|¤| ¤· l·º- :·| 1.15 1.39 1.44 1.34 1.19
Return on Assets (%)
20. ~|¤ ~-¤|- +i n|ª- :·| 46.81 42.50 39.39 41.27 39.75
Cost to Income Ratio (%)
21. =+n (-¤i( :·| 2.74 1.60 1.71 1.79 2.93
Gross NPAs (%)
22. l-¤n (-¤i( :·| 0.64 0.17 0.53 0.85 1.52
Net NPAs (%)
23. ¤¸¤i ¤¤|---| ~-¤|- :¤=n| :·| 12.96 14.03 14.16 12.42 12.63
Capital Adequacy Ratio (Basel II) (%)
– lº¤· 8.52 8.98 9.11 8.44 9.28
– Tier I
– lº¤· 4.44 5.05 5.05 3.98 3.35
– Tier II
24. n|·||z| :·| 130 200 220 220 220
Dividend (%)
15
DIRECTORS' REPORT 2011-12
To The Members
PNB remained frontrunner in the Indian Banking with its Total
Business, Total Deposits and Total Advances growing over 21% on
YoY basis. This is higher than the growth achieved by the Banking
System in India. This performance is combined with the consistently
higher Book Value per Share and Earnings per Share. This impressive
performance was largely due to the Bank's focus on 'Building a
Customer Experience' with thrust on Retail, SMEs, Agriculture,
Students, Inclusive approach to Banking, Cost effective
Organizational Structure, Better Asset Liability Management,
prudent Risk Management, strengthening Recovery Mechanisms
and various Cost Control Measures.
We believe that Customer Experience is not just about Customer
Service. It is also about physical as well as emotional elements.
When both these elements are measured against customers'
expectations, one can have the Best Customer Experience. For
this, 'Customer Loyalty' is our watchword. Today PNB has a country
wide presence with a network of 5670 branches and more than
6000 ATMs that provide its 7.2 crore customers a unique banking
experience. This has also earned the Bank a strong brand equity
and customers' loyalty.
PNB is amongst India's most trusted brands and features at the
25th place amongst the Top 50 most valuable corporate brands by
Brand Finance-ET and 195th amongst top 500 global banks as per
Brand Finance Global Banking 500 for 2011. More importantly,
during 2011-12, PNB has been recognized as the 'Best in Corporate
Social Responsibility (CSR) Overall' by World HRD Congress and
been recognized as the 'Best Socially Responsive Bank' by Business
World & PwC. Besides, Golden Peacock National Training Award
has also been conferred upon the Bank by the Institute of Directors.
Above all, the Bank was recognized as the 'Best Bank' by Business
India.
In this backdrop, your Directors take pleasure in placing the Bank's
Annual Report for 2011-12 along with its audited annual financial
statements.
fªªrr¤ ft¤rº zo++-+z
=+rt =ªt¤
~¤- +n +|·|¤|· +n ¤n|·|lz|¤| ~|· +n ~lªn| n ¤·| <· ¤·|
~|·||· ¤· .¡· ¤lz + =|·| ·||·-i¤ ¤l+ª n ¤i(-¤i - ~¤-i
~ªº|i lª·|l- ¤-|( ·º|i ¤t ¤lz ·||·- n ¤l+ª vº||ni ,|·| v|--
+i ª: ¤lz = ~l¬+ t := +|¤ l-·¤|<- n vl- z|¤· ~l+- n¸-¤
-·|| ¤ l- z|¤· ~|¤ z||lnn t ¤t v·||¤z||ni +|¤ l-·¤|<- ¤ + ,|·|
l·ºn (=(n: +l·| l¤¤|l·|¤| ¤l+ª + ln( ·¤|¤+ <l·º+|º|
n|ª- v·||¤¤¸ º| = ªa-|·n+ ·| -| ¤ t-· ~|lª- < ¤-| v¤-¬- l¤¤ +¤¸ º|
¤|lº|n v¤-¬- ¤=¸ni vl+¤| +| n¤¤¸- +· ~| · l¤l·|-- n|ª-
l-¤·|º| -¤|¤| + +|·º| =·|¤ t| ¤|¤| t
tn (=| n|-- t l+ ª |t+ ~-·|¤ +¤n ª |t+ =¤| ti -ti t :=n
·¤l+-ª- ª¤ = -·|| n|-l=+ ª¤ = =¤| v<|- +·-| ·|i z||lnn t
¤¤ :- <|-| +| ª|t+| +i ~¤-||~| + =|·| n|¤| ¤|( -| ·¤l+-
=¤| -|n ª |t+ ~-·|¤ v|-- +·-| t :=+ ln( ª |t+ l-·a| tn|·|
n|¤¸<| -|·| t ~|¤ ¤i(-¤i +| <z|·|· n ··º z||º||~| +| -º¤+
t ~|· ·ººº = ~l¬+ (ºi(n t ¤| ¤+ + .. +·|÷ ª|t+| +|
l¤lz|·º ¤l+ª ~-·|¤ v<|- +·- t :== ¤+ - (+ n”|¤¸- ¤|º÷
:l+¤ºi -·|| ª|t+| +i l-·a| ~l¤- +i t
¤i(-¤i ·||·- + =¤= ~l¬+ l¤z¤=-i¤ ¤|º÷= n = (+ t ~|·
¤|º÷ ¤·|:-=:ºi + ~-=|· z|i·| ·º =¤= ~l¬+ n¸-¤¤|- +|·¤|·º
¤|º÷ n .·¤ ª·||- ¤· t ~|· ¤|º÷ ¤·|:-= ·n|¤n ¤l+ª ·ºº +
~-=|· .º¡¡ + ln( z|i·| ·ºº ·n|¤n ¤+| n :=+| ¡º·¤| ª·||-
t :== ·|i ¤·+· .º¡º¡¡ + <|·|- ¤i(-¤i +| ¤t ¤-÷
(-~|·÷i +| ª = ,|·| =nª =¤| -|n l-ªln- =|n|l¤+ --|·<|¤i ¤ ·ª+|·
,|·| =-n|l-- l+¤| ª¤| ~|· l¤¤-= ¤-÷ (÷ ¤i÷·-¤¸=i ,|·|
=¤| l·|+ =|n|l¤+ ª¤ = --|·<|¤i ¤ + + ª¤ n =-n|l-- l+¤|
ª¤| :=+ ~l-l·+- l-<z|+ =ª·||- ,|·| := ª|-÷- ¤i+|+ - z|-n
ºl-ª ~¤|÷ = ·|i =-n|l-- l+¤| ª¤| =¤= ¤·+· ¤+ +|
l¤”|-= :lº÷¤| ,|·| '¤ªº ¤+' ~¤|÷ = =-n|l-- l+¤| ª¤|
,= ··a~i¸f= =´, ~i·~ f-¢¢i~ =z·i ¤´~ ~i «·i .n111. ~i
«if·i~ f:·i÷ ·=~ ¬«ii ·:if÷i³ «if·i~ f«-ii« ·f:ªii=i´ ~ =iºi
×÷³³ ~:³ z ´
16
rnrtr ¤r¤ fªr¤rªª
OUR PERFORMANCE
1. f¤-rt¤ s¤¬fª¤¤r .FINANCIAL HIGHLIGHTS
1.1. a¬ª ¤·r.BALANCE SHEET
(` +·|÷ / ` Crore)
f¤¤t¢r.Particulars 2010-11 2011-12 ¤ fq (x¸.Growth (%)
¤¸¤i (¤ ¤|·l-|- l-l¬ 21509 27818 29.3
Capital & Reserves
+n +|·|¤|· 555005 673363 21.3
Total Business
¤n|·|lz|¤| 312899 379588 21.3
Deposits
-¤¸- n|ª- ¤n|·|lz|¤| :¤-- (¤ -|n¸| 120325 134129 11.5
Low cost Deposits (Savings and Current)
~lªn 242107 293775 21.3
Advances
º|<·| +º| 23621 29196 23.6
Retail Credit
¤|·|ln+-| -|·| +º| 75652 95898 26.8
Priority Sector Credit
=nl¤- l-¤n ¤+ +º| +| ¤l-z|- 40.67 40.70 –
-% of Adjusted Net Bank Credit (ANBC)
+l·| +º| 35462 45917 29.5
Agricultural credit
=nl¤- l-¤n ¤+ +º| +| ¤l-z|- 19.30 19.34 –
-% of Adjusted Net Bank Credit (ANBC)
1.2. ¬r+r.PROFIT
(` +·|÷ / ` Crore)
f¤¤t¢r f¤-r ¤rr zo+o-++ f¤-r ¤rr zo++-+z ¤fq (x¸
Particulars FY 2010-11 FY 2011-12 Growth (%)
¤l·-|n-ª- n|·| 9056 10614 17.2
Operating profit
¤ |¤¬|- 4622 5730 24.0
Provisions
l-¤n n|·| 4433 4884 10.2
Net profit
17
1.3. =r¤-ª¤¤ f¤¤t¢r.INCOME & EXPENDITURE
(` +·|÷ / ` Crore)
f¤¤t¢r f¤-r ¤rr zo+o-++ f¤-r ¤rr zo++-+z ¤fq (x¸
Particulars FY 2010-11 FY 2011-12 Growth (%)
·¤|¤ ~|¤ 26986 36428 35.0
Interest income
~lªn/l¤n| ¤· ·¤|¤/l÷ª+|-º 21105 28447 34.8
- Interest/discount on advances/bills
l-¤z|| ¤· ~|¤ 5638 7692 36.4
- Income on investments
ª· ·¤|¤ ~|¤ 3613 4203 16.3
Non-interest income
+niz|- (+=-¤ ¤ ¤|+·¤ 2045 2375 16.1
Commission, Exchange & Brokerage
l-¤n ·¤|¤ ~|¤ 11807 13414 13.6
Net Interest Income
+n ~|¤ 30599 40631 32.8
Total Income
·¤|¤ ¤lz 15179 23014 51.6
Interest expended
¤n|~| ¤· ¤<- ·¤|¤ 13795 21396 55.1
- Interest paid on deposits
+n ¤l·-|n-ª- ·¤¤ 6364 7003 10.0
Total Operating expenses
ª·||¤-| ·¤¤ 4461 4723 5.9
- Establishment expenses
+n ·¤¤ 21543 30016 39.3
Total Expenses
¤l·-|n- n|·| 9056 10614 17.2
Operating profit
¤|¤¬|- (¤ ¤|=lª+ ·¤¤ 4622 5730 24.0
Provisions and contingencies
fª¤¬ ¬r+r 4433 4884 10.2
Net profit
fºt¤¢rt . «i· =´ ~´³: :i·´f÷´· ~i´·· ~ ~i:ªi z
Note: Difference in totals is due to rounding off
18
1.4. ¤n=r =ª¤ra
+.+ KEY RATIOS
(¤ l-z|-/Percentage)
f¤¤t¢r
PARTICULARS 2010-11 2011-2012
l-l¬¤| +i ~|=- n|ª- 4.57 5.62
Average cost of funds
l-l¬¤| +| ~|=- ¤l-¤·n 8.12 8.89
Average yield on funds
:l+¤ºi ¤· ~|¤ 22.13 18.52
Return on Equity
l-¤n ·¤|¤ n|l¤- 3.96 3.84
Net Interest Margin
~|lª-¤| ¤· ~|¤ 1.34 1.19
Return on Assets
~|¤ n|ª- ~-¤|- 41.27 39.75
Cost to Income Ratio
~|=- +|¤z|in l-l¬¤| +i -n-| n ¤l·-|n- ·¤¤ 1.91 1.71
Operating expenses to Average Working Funds
~|=- +|¤z|in ¤¸¤i +i -n-| n ¤l·-|n-ª- n|·| 2.72 2.59
Operating profit to Average Working Funds
¤l- z|¤· ~|¤ :ª¤¤| 140.6 154.2
Earnings per share (`)
¤l- z|¤· ¤ti n¸-¤ :ª¤¤| 632.5 777.4
Book value per share (`)
l-¤n ~lªn| + n+|¤n l-¤n (-¤i( +| ~-¤|- 0.85 1.52
Net NPAs to Net advances
¤|¤¬|- +¤·¤ ~-¤|- 73.21 62.73
Provision Coverage Ratio
=i~|·(~|·¤=n 12.42 12.63
CRAR - Basel II
2. OPERATIONAL HIGHLIGHTS DURING THE YEAR
• Bank has expanded its wealth management services by
foraying into Life Insurance business and tie-up with Metlife
India Insurance Company Ltd.
• Bank has expanded its international foray to 10th destination
viz. Sydney, Australia. Further we are exploring possibilities
for presence in Maldives, South Africa, Bangladesh, Myanmar,
Singapore and Brazil.
• Taking forward its mission of "Banking for the unbanked", under
Financial Inclusion Plan, Bank has covered all its 4588 villages
allotted under the Swabhiman campaign of Govt. of India
through Business Correspondents.
• Bank has made a positive contribution towards community
by further streamlining its CSR activities. Towards this, 'PNB
Prerna', an association/body of wives of top executives of the
Bank to carry forward the CSR agenda of the Bank, has
completed one year of its existence.
z. ¤ft¤r¬ªna f¤rrrrarq
• ¤+ - ¤i¤- ¤in| +|·|¤|· n v¤z| +· ~|· nºn|:¤·
:l÷¤| :z¤|·= +¤-i ln. + =|·| lnn+· ~¤-i =¤l-|
v¤-¬- =¤|~| n l¤ª-|· l+¤|
• l=÷-i ~|ªºln¤| n ¡º -: ¤ªt| ¤· ¤|+· ¤+ - ~¤-i
~-·| ·ºi¤ -¤lª·|l- n ¤lz +i :=+ ~n|¤| n|n,i¤
<l-|º|i ~+i+| ¤ªn|<z| -¤|-n|· l=ª|¤· ~|· ¤|¤in n
-¤lª·|l- +i =·||¤-|( º||¤i ¤| ·ti t
• l¤-|i¤ =n|¤z|- ¤|¤-| + ~-ª- ''¤+ ·lt- n|ª| +
ln( ¤l+ª'' -¤n·¬ +·|- + ~¤- n-¤ +| ~|ª n
¤|- t( ¤+ - l¤¤-= +|·=¤|÷º¸= ,|·| ·||·- =·+|· +
ª¤|l·|n|- ~l·|n|- + ~-ª - ~|¤lº- ~¤- =·|i :·ºº
ª|¤| +| +¤· +· ln¤| t
• ¤+ - =i(=~|· ªl-l¤l¬¤| +| ~|· ~l¬+ =·n ¤-|+·
=n|¤ + ¤ l- =+|·|·n+ ¤|ª<|- l<¤| :=+ ln( '¤i(-¤i
v·º|| (+ =ª·||' ¤+ + l-ªln- =|n|l¤+ --|·<|l¤·¤
+ (¤º÷| +| ~|ª ¤·|- + -ªz¤ = ¤+ + z|i·|
+|¤¤|n+| +i ¤l·-¤| +i (=|l=(z|-/l-+|¤ - ~¤-i
n|¤¸<ªi +| (+ ¤·| ¤¸·| l+¤|
19
• Bank is establishing e-lobbies for providing 24 x 7 banking
Services and is also opening GenNext Branches to cater to the
needs of younger generation.
• Bank has made its technology platform more robust with
necessary up-gradations. It has successfully migrated to next
version of Finacle (7.0.25) for better Customer service.
• Various customer friendly initiatives were introduced by the
Bank to provide quality experience to our esteemed customers,
like Introduction of Cash Deposit machines, Self Service
passbook printing terminals, SMS alerts, 'PNB Welcome Kit'
for HNI / salaried account holders, etc.
• Bank continued its expansion by adding over 450 branches
and 950 ATMs during the year.
• Bank introduced many new customized offers targeting special
customer segments like new education loan scheme 'PNB
Pratibha', MSME schemes like 'PNB weavers Credit card' and
'PNB Super Trade', new term deposit product like 'PNB 1111
days', 'prospective senior citizen scheme', etc.
3. DIVIDEND
The Board of Directors has recommended a dividend of 220% for
the year 2011-12.
4. CORPORATE GOVERNANCE
The Bank is committed to best practices in Corporate Governance
by adhering to high standards of transparency, accountability, ethical
business practices, operational efficiencies and social responsiveness
for maximizing interest of all the stakeholders.
As a listed entity, Bank is complying with various regulatory
requirements. Bank has complied with the guidelines of Reserve
Bank of India and SEBI on the matters relating to Corporate
Governance, which has been examined by the Statutory Central
Auditors.
PNB follows practices that provide its financial stakeholders a high
level of assurance on the quality of Corporate Governance. These
best practices are reaffirmed by CGR-2 rating of the rating agency,
ICRA Ltd reflecting a high level of assertion on the quality of
corporate governance of the Bank.
5. BOARD OF DIRECTORS
As on 31.03.2012, there are 12 Directors on the Board of the Bank
including 3 whole time Directors, i.e Chairman and Managing
Director and two Executive Directors.
During the Year 2011-12, the following changes took place in the
composition of Board of Directors:
• Shri M.A. Antulay, part time non official Director was re-
appointed on 20.05.2011.
• Shri M.V. Tanksale, Executive Director demitted the office on
28.06.2011 on his elevation as Chairman & Managing Director
of Central Bank of India.
• ¤ + .: X ¤l+ª =¤|( v<|- +·- + ln( :n|¤i
ª·||l¤- +· ·t| t -·|| -|¤¤|- ¤i·i +i ~|¤z¤+-|~| +
ln( ¤--+=º z||º||( º||n ·t| t
• ~|¤z¤+ ~¤ª ÷ z|- +· ¤ + - v| ¤| lª+i -n º¤·|n +| ~| ·
n¤¤¸ - ¤-|¤| ¤ t-· ª |t+ = ¤| + ln( ¤ + - l¤·- +n
:.º..·| + ~ªn ¤¤ - ¤· =¤·n-|¤¸ ¤ + n|:ª º l+¤|
• ¤+ - ~¤- lv¤ ª|t+| +| ªº|¤-|| ~-·|¤ v<|- +·- +
ln( -+<¤n| nz|i-| = -¤· =l¤ = ¤|=¤ + lvlº ª ºln -n|
(=(n(= ~nº (-(-~|: /¤-- ·||ªi º||-| ¬|·+| + ln(
'¤i(-¤i ª¤|ª- l+º¸=' :·¤|l< ¤ =i l¤l·|-- ª |t+ -¤¤|ªi
=¤|( z|ª +i
• ¤·| + <|·|- ¤+ - :·º z||º||( º||n+· ~|· º·º (ºi(n
nª|+· ~¤-| l¤ª-|· ¤|·i ·º||
• ¤+ - l¤z|·| +º| + ª|t+| + ln( +: -¤ l¤lz|·º ¤=
'¤i(-¤i vl-·||' (n(=(n: ¤|¤-|( ¤= '¤i(-¤i ¤i¤=
+l÷º +|÷' -·|| '¤i(-¤i =¤·º÷' '¤i(-¤i ¡¡¡¡' ¤=
-¤ ln¤|<i ¤n| ·|lz| -·¤|< '·||¤i ¤l··a -|ªl·+ ¤|¤-|'
:·¤|l< -: =¤|( z|ª +i
s. ¬r+rrrr
l-<z|+ n÷n - ¤·| .º¡º¡¡ + ln¤ ..º· + n|·||z| +i
l=¤·|l·z| +i t
+. ¤rt¤rtº n¤ª-=
¤|·<lz|-| --|·<|l¤·¤ l=z|-- ~|¬|l·- ·¤¤t|· ¤l·-|n- +|¤-|n-|
=·¤l-·a| +| n|-¤-| -·|| =·|i ªº|+ t|-÷·| + lt-| +i ·-|| + ln(
=|n|l¤+ ¤¤|¤<ti +| ~-¤|n- +·- t( ¤+ +|·¤|·º ª¤--= n
=¤| -|n ·¤¤t|·| + ln¤ vl-¤z t
(+ =¸-i¤z : +|: + ª¤ n ¤ + l¤l·|-- l-¤|n+ ~|¤z¤+-|~| +|
~-¤|n- +·-| t ¤+ - +|·¤|·º ª¤--= = =¤l¬- n|nn| ¤·
·||·-i¤ l·¤¤ ¤+ ~|· =¤i + n|ªl-<z|| +| ~-¤|n- l+¤| t
l¤=+i =|l¤l¬+ +-:i¤ nº|| ¤·i-|+| ,|·| ¤|- +i ª: t
¤i(-¤i ¤·¤·|~| +| ¤|n- +·-| t ¤| :=+ l¤-|i¤ ltª=<|·| +|
+|·¤|·º ª¤--= +i +¤|lnºi ¤· --- ª-·i¤ ~|z¤|=- <-| t ¤
=¤|-|n ¤l+¤|( ~|:=i~|·( ln. +i ·lºª (¤-=i +i =i¤i~|· .
·lºª n v<lz|- t|-i t ¤| ·||·- n l+=i l¤-|i¤ =ª·|| +| lnni
=¤|-- ·lºª t
s. fªªrr¤ nz¬
l<-|+ ª¡.º..º¡. +| ~·¤-| (¤ v¤¬ l-<z|+ -·|| <| +|¤ ¤|n+
l-<z|+| =lt- ¤+ + l-<z|+ n÷n n ¡. l-<z|+ ·|
¤·| .º¡¡¡. + <|·|- l-<z|+ n÷n =·--| n l---lnlº|- ¤l·¤--
t ( ·
• >i (n.(. ~-- n ~-¤+|ln+ ª · =·+|·i l-< z|+ +|
.º.·..º¡¡ +| ¤-· l-¤+- l+¤| ª¤|
• >i (n.¤i. º|+=|n +|¤¤|n+ l-<z|+ - =-ºn ¤+ ~|¤·
:l÷¤| n ~·¤-| (¤ v¤-¬ l-<z|+ + ¤< ¤· ¤<|--l- + +|·º|
l<-|+ .º.º·..º¡¡ +| +|¤| n¤ = ¤<·¤|ª +· l<¤|
20
• Smt. Usha Ananthasubramanian was appointed as Executive
Director of the Bank on 18.07.2011.
• Shri Anurag Jain, GOI Nominee Director was nominated by
the Govt. of India on 03.08.2011 in the position earlier held
by Smt. Ravneet Kaur.
• Shri B.B. Choudhary, Director under Chartered Accountant
category, was appointed by the Govt. of India on 23.09.2011.
• Shri V.K. Mishra, part time non official Director ceased to be
Director on the Board of the Bank w.e.f. 05.12.2011 on
completion of his tenure.
• Shri D.K. Singla, Shri T.N. Chaturvedi and Shri G.R. Sundaravadivel,
Shareholder Directors, demitted their offices on 27.12.2011
on completion of their tenure on the Board of the Bank.
• 3 new Shareholder Directors namely, Shri M.N. Gopinath,
Shri D.K. Singla and Dr. Sunil Gupta have been elected as
Shareholder Directors in the EGM held on 20.03.2012.
The Board welcomes Smt. Usha Ananthasubramanian, Executive
Director, Shri Anurag Jain, Shri B.B. Choudhary and Shri M.A. Antulay
(re-nominated), Shri M.N. Gopinath, Shri D.K. Singla (re-elected)
and Dr. Sunil Gupta, as Directors on the Board of the Bank. The
Board also wishes to place on record its appreciation for the valuable
contributions made by Shri M.V. Tanksale, the then
Executive Director, Shri V.K. Mishra, Shri T.N. Chaturvedi and Shri
G.R. Sundaravadivel, the Directors.
6. Details of various meetings held up to 31st March, 2012:
S. Meeting Number of S. Meeting Number of
No. Meetings No. Meetings
held upto held upto
March, 2012 March, 2012
1 Board Meeting 13 11 Share Transfer 24
Committee
2 Management 19 12 Shareholders'/ Investors' 6
Committee Grievances Committee
3 Committee of Directors 4 13 Directors Promotion 1
to review vigilance & Committee
non-vigilance cases
4 Audit Committee of Board 11 14 Appellate & Reviewing –
Authority
5 Risk Management 4 15 Steering Committee 4
Committee Vision 2013
6 Special Committee of 9 16 Nomination Committee 1
Board to Monitor and
Follow Fraud cases of
Rs. 1.00 crore and above
7 IT Committee of the Board 4 17 Insurance Joint Venture 5
Committee
8 P.A. Committee 6 18 Organisational 2
Transformation &
Business Excellence
Programme
9 Remuneration Committee 1 19 Credit Approval Committee 8
10 Customer Service Committee 4
• >in-i -·|| ~---= ¤ nº¤- +i ¡º...º¡¡ +| ¤ + + +|¤ ¤|n+
l-<z|+ + ª¤ n l-¤l+- t:
• >i ~-·|ª ¤- ·||·- =·+|· + -|ln- l-<z|+ +| ·||·- =·+|·
,|·| ºª.ºº..º¡¡ +| >in-i ·¤-i- +|· + ª·||- ¤· -|ln-
l+¤| ª¤|
• -|º÷ (+|--ºº >º|i + ~-ª- l-<z|+ +i >i ¤i.¤i. -|¬·i
+i ·||·- =·+|· ,|·| .ª.ºº..º¡¡ +| l-¤l+- +i ª:
• >i ¤i.+. ln>| ~-¤+|ln+ ª · =·+|·i l-<z|+ +| +|¤ +|n
=n|-- t|- ¤· l<-|+ º·.¡...º¡¡ = ¤ l-<z|+ -ti ·t
• >i ÷i.+ . l= ªn| >i ºi.(-. -- ¤ <i -·|| >i ¤i.~|·.
=-<·|¤|l÷¤n z|¤·t|-÷· l-<z|+ - ¤+ + ¤|÷ +| +|¤+|n
=n|-- t|- ¤· ..¡...º¡¡ +| ~¤- +|¤| n¤ = ¤<·¤|ª +·
l<¤|
• ª -( z| ¤·t| -÷· l-< z|+| -|n-· >i (n.(-. ª| ¤i-|·|
>i ÷i.+. l=ªn| -·|| ÷|. =-in ª--| +| .º.ºª..º¡. +| t:
:¤i(n n z|¤·t|-÷· l-<z|+| + ª¤ n n-|-i- l+¤| ª¤|
¤|÷ >in-i -·|| ~-=¤nnº¤- +|¤¤|n+ l-<z|+ >i ~-·|ª ¤-
>i ¤i. ¤i. -| ¬·i ~| · >i (n. (. ~-- n :¤ -·-| ln-|
>i (n.(-. ª|¤i-|·| >i ÷i.+. l=ªn| :¤-l-¤|l--| -·|| ÷|. =-in
ª--| +| ¤+ + ¤|÷ n l-<z|+ + ª¤ n ª¤|ª- +·-| t ¤|÷
>i (n.¤i. º|+=|n ·|¸-¤¸¤ +|¤¤|n+ l-<z|+ >i ¤i.+. ln>|
>i ºi.(-. --¤<i -·|| >i ¤i.~|·. =-<·|¤|l÷¤n l-<z|+| ,|·| v<|-
+i ª: -·+·º =¤|~| +| -|º +·-| t
e. s+ nr¤ zo+z a¤ =r¤rf¬a f¤f+r-ª ¤a¤r ¤ f¤¤t¢r .
a. ¤a¤ ¤a¤r ¤t a. ¤a¤ ¤a¤r ¤t
=. ==¤r =. ==¤r
nr¤, zo+z nr¤, zo++
a¤ a¤
+ ¤|÷ +i ¤a+ ¡ª ++ z|¤· ~-·º| =lnl- .:
z v¤¬- =lnl- ¡º +z z|¤·¬||·+|/l-¤z|+| +i ·
lz|+|¤- =lnl-
s =-+-| ~|· ª·=-+-| : +s l-<z|+ ¤<|--l- =lnl- ¡
n|nn| +i =ni-|| +·- +
ln¤ ¤|÷ +i =lnl-
+ ¤|÷ +i nº|| ¤·i-|| =lnl- ¡¡ ++ ~¤ini¤ (¤ =ni-||
¤ |l¬+|·i
s ¤|lº|n v¤¬- =lnl- : +s l¤¤ - .º¡ª + ln( :
=-|n- =lnl-
e ¡.ºº +·|÷ ª. ~|· -== º +e -|n| +- =lnl- ¡
~l¬+ +i ·|lz| ¤|n
¬||º||¬÷i + n|nn| +i
l-ª·|-i ~|· ~-¤-i +|·¤|:
+·- + ln¤ ¤|÷ +i
l¤z|·| =lnl-
z ¤|÷ +i ~|: ºi =lnl- : +z ¤in| =¤+- -¤n =lnl- ·
s ¤i.(. =lnl- · +s =ªa-|·n+ ª¤|·-º| .
~|· +|·|¤|· -·+·º-| +|¤+n
v ¤|l·>ln+ =lnl- ¡ +v +º| ~-n|<- =lnl- º
+o ª |t+ =¤| =lnl- :
21
7. ACKNOWLEDGMENTS
The Board of Directors thank the Government of India, Reserve
Bank of India, Securities and Exchange Board of India, Stock
Exchanges, Bank's customers, public and the shareholders for
valuable support, continued patronage and confidence reposed in
the bank.
The Board also wishes to place on record its appreciation for the
valuable contribution of the members of the Bank's staff at all levels
and look forward to their continued involvement in achieving the
future goals.
For and on behalf of Board of Directors
CHAIRMAN AND MANAGING DIRECTOR
z. =r+rrt
¤+ +| l-<z|+ n÷n ·||·- =·+|· ·||·-i¤ l·¤¤ ¤+ ·||·-i¤
vl-·|¸l- (¤ l¤l-n¤ ¤|÷ :=¤i| =º|+ (+=-¤ ¤+ + ª|t+|
¤--| ~|· z|¤·¬|·+| +| --+ ¤+ n l-·--· =·-|º| ~|· l¤z¤|=
+ ln¤ ¬-¤¤|< <-| t
l-<z|+ nº÷n ¤ + + =nª- ª-·| + =º|¤· =<ª¤| + ~n¸-¤
¤|ª<|- + ln¤ --+i vz|=| +·-| t ~| · ~|z|| +·-| t l+ ·||¤i
n-¤| +| ¤¸·| +·- n ¤ ~¤-| l-·--· ¤|ª<|- <ª
¤a fªªrr¤ nz¬
=ª¤+r q¤ ¤¤¤ fªªrr¤
22
Management Discussion and Analysis
Business and Economic Environment
The financial year gone by proved to be a challenging year for the
economy. GDP growth rate came down from 8.4% in previous
two consecutive financial years to below 7% this year with the
first three quarters registering a slower growth rate sequentially.
However, on the assumption of higher domestic investment and
domestic consumption, growth rate is assumed to be higher at
7.6% (7.3% by RBI) for FY 2012-13 and 8.6% for FY 2013-14 as
per CSO.
As per World Economic Outlook (WEO) of IMF released in April
2012, global output is expected to expand by 3.5% in 2012 lower
than 3.9% in 2011. During 2012, Advanced economies (AEs) are
expected to grow by only 1.4% compared to 1.6% in 2011.
Growth rate of Emerging and Developing economies (EDEs) has
also come down to 5.7% compared to 6.2% in 2011. Situation
is expected to improve moderately in 2013 when global GDP is
expected to grow by 4.1% with AEs and EDEs growing by 2.0%
and 6.0%, respectively. While the average price of oil in U.S.
dollars per barrel was $104.01 in 2011, it is expected to be at
$114.71 in 2012 and $110 in 2013, based on futures markets.
Similarly, World trade growth is expected to slow down further
to 4.0% in 2012 from 5.8% in 2011.
Continued uncertainties in the euro zone, elevated crude oil prices
and a further slump in global trade pose the biggest threats to the
growth outlook. As far as the sectoral scenario of Indian economy
is concerned, growth rate of both agriculture and industry has
declined this year with services sector being the main driver of
GDP growth.
Agriculture and allied activities is expected to have grown by
2.5-3.0% in 2011-12 against the target 4.0% and much below
7.0% growth last year. As per the India Meteorological Dept,
Monsoons in 2012 may be "above normal" leading to good
performance of agriculture in the ensuing year aided by lower base
effect. Growth rate as per Index of Industrial Production (IIP)
decelerated to 2.8% during 2011-12 from 8.2% last year due to
high interest rates, higher input costs and slackening of investment
and consumption demand. Capital goods and intermediate goods
registered negative growth of 4.1% (14.8%) and 1.0% (7.4%),
respectively and the growth of the consumer durables sector
decelerated to 2.5% (14.2%). Services sector is expected to have
grown by 9.4% in 2011-12 against 9.3% in 2010-11.
India's exports crossed the target of $300 billion to reach $303.7
billion during 2011-12 with a growth of 21%. Imports grew at a
faster pace of 32.1% to reach $ 488.6 billion. Trade deficit, grew
to $185 billion. Indian rupee remained volatile and depreciated
·¤´~- f«¬i:f«=¢i ³ºii f«¢¬·iªi
¤rtr¤rtt aºrr =rfºr¤ ¤rar¤t¢r
¤i-| t~| l¤-|i¤ ¤·| ~·|·¤¤ª·|| + ln( --|l-¤| = ·|·| ¤·| ·||
¤i÷i¤i l¤+|= <· l¤¤n nª|-|· <| ¤·|| n º.:· +i -n-| n :=
¤·| ·|º+· · = +n t| ª: l¤=n ¤tni -i- l-n|lt¤| - +n|-=|·
¬ini ¤lz <· l<º||: ¤t·t|n --- ·|·n¸ l-¤z|| ~| · --- ·|·n¸
º|¤- + ¤¸¤| -n|- ¤· l¤-|i¤ ¤·| .º¡..º¡ª + ln( l¤+|= <· +|
~-n|- .·· nª|¤| t :·||·-i¤ l·”|¤ ¤ + ,|·| ¤t .ª· t | ~| ·
l¤-|i¤ ¤·| .º¡ª.º¡: + ln( ¤t ~-n|- º.·· t
~- ·| ·º i¤ n < | +| ·| + ~¤ n .º¡. + l¤z¤ ~|l·| + ¤l·< z¤ :÷·-¤¸ : ~| |
+ ~- =|· .º¡. n ¤ lz¤+ -·¤|< n ª.·· +i ¤ lz ~- n|l-- t ¤|
l+ .º¡¡ + ª.º· = +n t .º¡. + <| ·|- ---- ~·| ·¤¤ª·|| n
.º¡¡ + ¡.·· +i - n-| n ¡.:· +i ¤ lz ~- n|l-- t -·|·-i ~| ·
l¤+|=z|in ~·| ·¤¤ª·|| n ·|i .º¡¡ + ·..· +i - n-| n ·|º+·
·.· ¤ lz +i ti ~¤ -|| t .º¡ª n lª·|l- n ·|| ÷ | ¤t - = ¬|· t| - +i
--ni< t ¤¤ ¤ lz¤+ ¤i÷i¤i n :.¡· +i ¤ lz +| ~| · ----
~·| ·¤¤ª·|| ~| · -·|·-i ~| · l¤+|=z|in ·¤¤ª·|| n +nz|· ..º· -·||
·.º· +i ¤ lz +| ~- n|- t .º¡¡ n - n +| ~| =- n¸ -¤ ¡º:.º¡
~n·i+i ÷|n· ¤ l- ¤ ·n ·|| ·|l¤·¤ ¤|¤|·| + ~|¬|· ¤· :=+|
~|+n- n¸ -¤ .º¡. n ¡¡:.¡ -·|| .º¡ª n ¡¡º.ºº ~n·i+i ÷|n·
t :=i ¤ +|· l¤z¤ ·¤|¤|· ¤ lz ·|i .º¡¡ + ·.º· +i - n-| n ~| ·
~l¬+ ·|º+· .º¡. n :.º· t| - +| ~- n|- t
¤¸·| -|·| n l-·-· ~l-lz---|( ¤·- +-- -n + <|n ~|· ¤lz¤+
·¤|¤|· n ~|· ~l¬+ lª·|¤º l¤+|= =·||¤-|~| + ln( =¤= ¤÷|
º|-·| t ¤t| -+ ·||·-i¤ ~·| ·¤¤ª·|| + -|·|i¤ ¤l·<z¤ +| =¤|n
t +l·| ~|· -¤|ª <|-| +i ti l¤+|= <· n +|¤·i ~l¬+ lª·|¤º
~|: t ~|· +¤n =¤| -|·| ti ¤i÷i¤i l¤+|= n ~ªº|i ·t|
.º¡¡¡. n +l·| ~|· =¤¬ ªl-l¤l¬¤| n :· + n-¤ + n+|¤n
..·ª.º· +i ¤lz +| ~-n|- ·|| ¤| l+ l¤¤n ¤·| +i .º· +i
¤lz = ¤t- +n t ·||·-i¤ n| =n l¤·||ª + ~-=|· .º¡. n
n|-=¸- '=|n|-¤ = ~l¬+' t| =+-| t l¤== ~|- ¤|n ¤·| n
n|~· ¤= ¤ ·||¤ +i =t|¤-| = +l·| n ~-¤| l-·¤|<- t| =+-| t
--- ·¤|¤ <·| --- :-¤º n|ª-| -·|| l-¤z| ~|· º|¤- n|ª| n n<i
+ -n- ~| ¤|lª+ -·¤|<- =¸-+|+ :~|: ~|: ¤i| + ~-=|· ¤lz
<· l¤¤n ¤·| + º..· = lª·+· ¤·| .º¡¡¡. + <|·|- ..º· t:
¤¸¤iª- n|n ~| · n·¤¤-i ¤ª-~| n +nz|· :.¡· :¡:.º·| -·||
¡.º· :.:·| +i -+|·|·n+ ¤lz l<º||: ~| · -¤·||+-| ¤ª- -|·|
n ¤lz lª·+· ..·· :¡:..·| t| ª: =¤| -|·| n .º¡º¡¡ +
º.ª· +i ¤ lz + n +|¤n .º¡¡¡. n º.:· +i ¤ lz +|
~- n|- ·||
·||·-i¤ l-¤| - .º¡¡¡. + <| ·|- ªºº l¤ln¤- ÷|n· + n-¤ +|
¤|· +· ªºª. l¤ln¤- t| ª¤| l¤=n .¡· +i ¤lz t: ~|¤|-
¤·+· :ºº.· l¤ln¤- ÷|n· t| ª¤| l¤=n ª..¡· +i ¤lz t:
·¤|¤|· ·||º| ¤·+· ¡º· l¤ln¤- ÷|n· t| ª¤| ·||·-i¤ ª¤¤| ~lª·|·
23
significantly against US dollar in 2011-12. Rupee depreciated by
14.25% over the year from ` 44.58 per dollar on 31st March 2011
to ` 50.95 per dollar on March 30, 2012. Going forward, it may
remain volatile in view of the balance of trade deficit and
contemporary trend of movement in capital flows. Forex reserves
stood at $294.4 billion as on March 30, 2012.
Economy has been moving forward on its fiscal consolidation path
as planned but the fiscal situation remained challenging. Fiscal deficit
which is at the level of around 6% of GDP in FY 2011-12 is targeted
at 5.1% for FY 2012-13.
After remaining above 9% during April-November 2011, y-o-y
headline wholesale price index (WPI) based inflation rate moderated
to 7.7% in December 2011. It stood at 6.9% in March 2012 on
account of sharp rise in Primary Articles inflation and is pegged at
6.5% for the FY ending March 2013.
Early indicators such as pick up in credit, cement off-take, expansion
mode in Purchasing Manger's Index (PMIs), uptick in Reserve Bank's
services composite indicator suggest that growth may have
bottomed out. While in the short run the challenges seems pertinent,
moving forward, the recovery is likely to pick up gradually in medium
term.
Banking Developments
Money supply (M3) growth, which was 17% at the beginning of
the financial year 2011-12, moderated during the course of the year
to about 13% by end-March 2012. It was lower than the RBI's
indicative trajectory of 15.5%, mirroring both tightness in primary
liquidity and lower credit demand during most part of
the year. Aggregate Deposits of the SCBs grew by 17.4% during
2011-12 (as on LRF March 2012). Non-food credit grew by 16.8% at
the end of March 2012, higher than the indicative projection of 16%.
For the FY 2012-13, M3 growth projection has been retained at
15% and Non-food credit growth at 17% and that for deposits at
16% by RBI in annual monetary policy statement on April 17, 2012.
As per the Financial Stability Report (FSR), December 2011, stress
tests indicate that banking sector would be able to withstand the
risks emanating out of the above scenario.
Industry Structure
There were 163 Scheduled Commercial Banks (SCBs) and 4 Non-
Scheduled Commercial Banks in Indian Banking System as at end
March 2011. Out of these, there were 26 Public Sector Banks,
82 Regional Rural Banks, 21 Private Sector Banks and rest were
foreign banks.
PNB remained the largest nationalized bank in terms of business
with more than 5670 branches and 7.2 crore customers throughout
the country. As on March' 2012, PNB's share in system's aggregate
deposits improved to 5.60% from 5.28% in March'2011. During
·t| ~| · .º¡¡¡. n ~n·i+i ÷|n· + n+|¤n :=+ n¸-¤ n +|¤·i
lª·|¤º ~|: ¤·| + <| ·|- ª¤¤ +| ¡:..·· n¸-¤r|= t~| ~| · ¤t
ª¡ n|- .º¡¡ + ª¤¤ ::.·º ¤ l- ÷|n· = ªº n|- .º¡. +|
·ª.º: ª¤¤ ¤ l- ÷|n· t| ª¤| ~|ª -n+· + l-ºn ¤·n| n¸ ¤n º +
=n=|nl¤+ ªº| ~| · ·¤|¤|· = - n- + nª -¤· ¤t ~lª·|· ·t =+-|
t ªº n|- .º¡. +| l¤< z|i l¤l-n¤ l·¤¤ .º:.: l¤ln¤- ÷|n· ·t|
~·|·¤¤ª·|| ¤|¤-| ~-=|· ~¤- ·|¤+|·|i¤ =ª·i+·º| ·|ª- ¤· ~|ª
¤· ·ti t ¤·-- ·|¤+|·|i¤ lª·|l- --|-i¤¸º| ¤-i t: t ·|¤+|·|i¤
·||º| ¤| l+ ¤·| .º¡¡¡. n ¤i÷i¤i + nª·|ª ·· t l¤-|i¤ ¤·|
.º¡..º¡ª + ln( :=+| n-¤ ·.¡· ·º|| ª¤| t
~¤n-¤-¤· .º¡¡ + <|·|- º· = -¤· ·t- + ¤z-|-¸ ¤·| <· ¤·|
z|i·| ·||+ n¸-¤ =¸-+|+ :÷·-¤¸¤i~|:| ~|¬|l·- n<|ª¤·il- <·
l<=-¤· .º¡¡ n ·|º+· .· t| ª: ¤|:n·i ~|lº+-= n<|ª¤·il- n
¤¤·<ª- -¤i = ¤t n|- .º¡. n ·.º· t| ª: ~|· n|- .º¡ª +|
=n|-- l¤-|i¤ ¤·| + ln( ·.·· ¤lz +| ~-n|- t
¤¸¤ =¸-+| ¤= l+ +l÷º n =¬|· =inº n -a|¤ +¤ ¤¤-¬-
=¸-+|+ n l¤ª-|· n|÷ l·¤¤ ¤+ +i =l-nln- =¤|( :·¤|l<
lnn+· ¤t =+- +·- t l+ l¤+|= ~¤- -¤¸--n l¤-< -+ ¤t-
ª¤| t ¤¤l+ ~-¤+|ln+ ª¤ = <º| -| --|l-¤| ª·|i· ¤-i- t|-i
t ~|ª ¤·- t( ¤=¸ni + n·¤|¤l¬ n ¬i·¬i· =¬|· ~|- +i
=·||¤-| t
¤f¤n f¤¤r=
n<| ~|¤¸l-
n ª| ¤lz ¤| l¤-|i¤ ¤·| .º¡¡¡. + ¤|··| n ¡·
·|i ¤·| + <|·|- +n t| ª: ~|· n|-.º¡. + ~- -+ ¡ª· ·ti
¤| ·||·-i¤ l·¤¤ ¤+ + ¡·.·· +i :÷i+lº¤ º¤+º·i = -i- ·ti
~- =¸ l-- ¤|lº|l-¤+ ¤ +| +i ~| =- ¤n|·|lz|¤| n (n~|·(¤· .º¡¡¡.
+ ~-=|· .º¡¡¡. + <|·|- ¡.:· +i ¤lz t: ª· º||¤ +º|| n
n|- .º¡¡¡. + ~- n ¡·.º· +i ¤lz t: ¤| l+ l<º||¤ ª¤ ¡··
+ ~-n|-| = ~l¬+ t
l¤-|i¤ ¤·| .º¡.¡ª + ln( ·||·-i¤ l·¤¤ ¤+ +i ¡ ~¤n .º¡.
+i ¤|l·|+ n|l<+ -il- ªººnº + ~-=|· (n ª ¤lz ¤|¤+z|- ¡··
ª · º||¤ +º| ¤lz ¡· -·|| ¤n|·|lz|¤| + ln( ¡·· t
l¤-|i¤ lª·|·-| l·¤|º l<=-¤· .º¡¡ + ~-=|· ªº= ºªº ¤t =¸l--
+·- t l+ ¤l+ª =+º· -¤·|+- ¤l·<z¤ = -·¤-- t|- ¤|n ¤|lº|n|
+| =|n-| +· ¤|¤ª|
=rurfn¤ =t¤ªr
n|- .º¡¡ + ~- n ·||·-i¤ ¤l+ª -·| n ¡·ª ~-=¸l-- ¤|lº|l-¤+
¤+ -·|| : ª·~-=¸l-- ¤|lº|l-¤+ ¤+ ·| :-n = .· =|¤¤l-+
-|·| + ¤+ º. -|·|i¤ ª|niº| ¤+ .¡ l-¤i -|·| + ¤+ -·|| z|·|
l¤<z|i ¤+ ·|
¤i(-¤i ·|·ºi¤+- ¤+| n +|·|¤|· + =-¤-¬ n =¤= ¤÷| ¤+ ¤-|
·t| l¤=+i ¤¸· <z| n ··º = ~l¬+ z||º||( t ~|· .. +·|÷
ª|t+ t ¤º||ni n +n ¤n|·|lz|¤| n ¤i(-¤i +| z|¤· n|- .º¡.
+| n|- .º¡¡ n ·..º = ¤·+· ·.·º· t| ª¤| := ~¤l¬ + <|·|-
24
this period, PNB's share in system's credit improved marginally to
5.55% from 5.43% in March 2011.
BUSINESS OVERVIEW
1. BUSINESS
Bank's domestic business crossed ` 642615 crore at the end of
March' 2012, registering an absolute increase of ` 106157 crore
and a growth of 19.79%. After including the business of foreign
branches, Bank's Global Business increased by 21.3 % to ` 673363
crore.
During the year 2011-12, Bank undertook many new initiatives to
achieve the objective of stabilized growth in deposits. Towards this,
Bank launched a Saving Bank account campaign and more than 20
Lakh accounts were mobilized amounting to approximately `2500
crore. Subsequently, a Current Account campaign was also launched
by the Bank. Bank also introduced many new customized offers
targeting special customer segments like new term deposit product
¤º||ni n +º| n ¤i(-¤i +| z|¤· n|- .º¡¡ n ·.:ª· = ~z|-·
¤·+· ·.··· t| ª¤|
¤rtr¤rt =nt+rr
+. ¤rtr¤rt
n|- .º¡. + ~- n ¤+ +| ·|·n¸ +|·|¤|· ·:.·¡· +·|÷ ª¤¤ =
-¤· ¤t- ª¤| l¤== -=n ¡º·¡· +·|÷ ª¤¤ +i =¤¸º| ¤lz
~|· ¡º.º vl-z|- +i ¤lz <¤ +i ª: l¤<z|i z||º||~| + +|·|¤|·
+| z||lnn +·- + ¤|< ¤+ n ¤lz¤+ +|·|¤|· n .¡.ª vl-z|- +i
¤lz t: ~| · ¤t ·ªª·ª +·|÷ ª¤¤ t| ª¤|
2. RESOURCE MOBILISATION
Bank's total deposits amounted to ` 379588 crore at the end of
March' 2012, showing an absolute accretion of ` 66689 crore and
a growth of 21.3% over previous year. The share of Bank's deposits
to total resources was 82.8 % at the end of March 2012, while the
share of low cost deposits (current + savings) in total domestic
deposits was over 36%.
z. ==r¤ª =nr¢r
n|- .º¡. +i lª·|l- + ~-=|· ¤ + +i +n ªº·ºº +·|÷. ª¤¤
·ti l¤== ···ºº +·|÷ ª¤¤ +i +n ~l·|¤lz ~|· ¤¸¤¤-i ¤·| =
.¡.ª· +i ¤lz +| ¤-| -n-| t n|- .º¡. + ~- +i lª·|l- +
~-=|· +n ==|¬-| = ¤+ +i ¤n| ·|lz|¤| +| z|¤· º..º· t
¤¤l+ +n ·|·n¸ ¤n|·|lz|¤| n +n n|ª- ¤n|·|lz|¤| +| z|¤· :-|n¸¸
¤--| ª·· ·t|
¤·| .º¡¡¡. + <|·|- ¤+ - ¤n|·|lz|¤| n ª·||: ¤l, +| n-¤ v|--
+·- + ln( ¤t- =i -: ¤tn +i :=+ ln( ¤ + ,|·| -+ ¤--
º||-| ~l·|¤|- -n|¤| ª¤| ~| · .º n|º| º||- º||n ª¤ l¤-n nª·|ª
.·ºº +·|÷ ª¤¤ +i ·|lz| ¤n| +i ª: :=+ ¤|< -|n¸ º||-|
~l·|¤|- ·|i -n|¤| ª¤| ¤ + - ¤t- = -¤ +ªºn|: -÷ vª-|¤ vª--
l+¤ l¤-+| n-¤ -¤ l¤z|·| ª |t+ =ªn º ¤ = l+ -¤ =|¤l¬ ¤n|
25
- PNB 1111 days, prospective senior citizen scheme, PNB Smart
Banking Current Account Scheme with 4 variants, Prepaid PNB
REMIT CARD for Inward Money Transfer from UAE Exchange
Centre for the Beneficiaries in India, etc.
3. CREDIT DEPLOYMENT & DELIVERY
The credit portfolio of the Bank showed a robust and steady growth
during 2011-12. Net advances of the Bank at the end of March' 2012
stood at ` 293775 crore, compared to ` 242107 crore at the end
of March 2011, registering an increase of ` 51668 crore or 21.3%.
The loan portfolio of the Bank remains well diversified with yield
on advances improving to 11.67% for the year ended March 2012
from 10.58% in the previous year.
-·¤|<¤i(-¤i ¡¡¡¡ l<- ·||¤i ¤l··a -|ªl·+ ¤|¤-| -|· ¤l·¤--|
=lt- ¤i(-¤i ªn|º ¤l+ª -|n¸ º||-| ¤|¤-| ·||·- n n|·|ª|lt¤| +
ln( ¤¸
(+=-¤ =º· = ~|¤+ n:| ¤l·¤-- t- ¤¸¤<·- ¤i(-¤i
·lnº +|÷ ~|l< +| z||lnn +·-| ·||
s. =¢r ¤r =f+rfª¤r¬ª ¤ f¤at¢r
¤+ + +º| ¤|º¤·|ln¤| n ¤·| .º¡¡¡. + <|·|- =-ln- (¤ lª·|·
¤lz <z||: ª: n|- .º¡. + ~- n ¤+ + l-¤n ~lªn n|-
.º¡¡ + ~- n .:.¡º +·|÷ ª¤¤ +i -n-| n .ºª· +·|÷
ª¤¤ ·t l¤=n ·¡··º +·|÷ ª¤¤ ¤| .¡.ª· +i ¤lz <¤ +i ª:
¤+ + +º| ¤|º¤·|ln¤| n ~lªn| ¤· v|l-- n l¤l¤¬-| ¤-i ·ti
l¤=n ¤¸¤¤-i ¤·| n ¡º.·º· = n|- .º¡. + ~- n ¡¡.·· +|
=¬|· t~|
.· +·|÷. ª¤¤ ~| · -== ~l¬+ +i +º| =in|~| +| n|·| n-
¤|n l-ªln- ª |t+| +i l¤l-l< ·º +º| ~|¤z¤+-|~| +i ¤¸l- +
ln¤ ¤+ - ~tn<|¤|< ¤ªn|· -÷iª· ---: l<-ni ª÷ª|¤
t<·|¤|< +|n+|-| nl¬¤|-| -·|| n-¤: n ¡º ¤÷i l-ªln- z||º||(
ª·||l¤- +i :=+ ~n|¤| ¤+ - +|¤¤-¸· l<-ni ª|~| :<|·
¤¤¤· ¤|n¬· +|n+|-| +|º| nº|-- n-¤: -|ª¤· ¤º| -·||
¤÷|<·| n ¡: n·¤ l-ªln- z||º||( ª·||l¤- +i ¤| ~--¤ ª¤ = ln÷
+¤ -|·| +i +º| ~|¤z¤+-|~| +i ¤¸l- +·-i t
¤ª·| n·||n¤ ·||·- =·+|· +i v|¤|lª+i ---¤- +|·| ¤|¤-| +
~-ª- :ºi¤¸(¤·(=| ¤i(-¤i -|ln- -|÷n ¤+ t v|¤|lª+i ---¤-
+|·| ¤|¤-| + ~-ª- <|¤| +i -¤i = v|=l=ª + ln¤ +|·¤|·º
+|¤|n¤ n =nl¤- +-| ¤|·| ¤ª·| ¤¸l-º| +| ~|l·|+ =t|¤-| +
=l¤-·º| +i =l¤¬| v<|- +·-| t ¤+ + n·| -¤|ª -·|| ª· n·|
-¤|ª >º|i n ºº º||- t -·|| v|¤|lª+i ---¤- +|·| ¤|¤-| + ln¤
¡·· +º| =¤, ¤¸¤i ~|l·| + =t|¤-| :=i(n=i(=| ¤|¤-| +
~-ª- +¤· l+¤ ª¤ º:º n·| -¤|ª º||- t ¤·| .º¡¡¡. + <|·|-
¤+ - v|¤|lª+i ---¤- +|·| ¤|¤-| + ~-ª- ¤|·| ¤ª·| ¤¸l-º| +|
.¡º.·º +·|÷ ª¤¤ =l¤-l·- l+¤
i. =¢r f=zt¤rrª
¤·| + <|·|- ¤+ - v¬|- +|¤|n¤ + l¤ª-|· +i <l·º = ~¤-
+|¤| +| ¤·|¤| (¤ n¤: -·|| ---: n =nl¤- l=÷i+z|- +-|| +|
ª·||l¤- +·- t( ~¤-i +º| l=÷i+z|- ªl-l¤l¬¤| +| ·¤|¤+ ~|·||·
For faster credit delivery and to meet specific credit needs of
corporate clients requiring credit limits of ` 25 crore and above,
the Bank has set up 10 Large Corporate Branches (LCBs) at
Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi, Gurgaon,
Hyderabad, Kolkata, Ludhiana and Mumbai. Besides, Bank has
established 14 Mid Corporate Branches (MCBs) at Coimbatore,
Delhi, Noida, Goa, Indore, Jaipur, Jalandhar, Kolkata, Kota,
Lucknow, Mumbai, Nagpur, Pune and Vadodara which exclusively
cater to the credit needs of Mid-cap segment.
PNB is the designated Nodal Bank under Technology Upgradation
Fund Scheme (TUFS) of the Ministry of Textiles, Govt. of India.
For speedier processing of claims under TUFS, a dedicated cell at
the corporate office facilitates distribution of subsidy to eligible
textile units. The Bank has 790 accounts in SSI and Non-SSI
category along with 948 SSI accounts covered under 15% credit
linked capital subsidy (CLCS) scheme for TUFS. During the Year
2011-12, Bank disbursed `218.69 crore to eligible textile units
under TUFS.
i. LOAN SYNDICATION
During the year, syndication /technical appraisal activity
strengthened further, subsequent to establishment of dedicated
syndication cells in the previous years at Mumbai and Chennai. A
26
number of projects achieved financial closures and new clients were
brought into the fold.
During the year 2011-12, Bank gave 'In-Principle' approvals for
Appraisals/Syndicating debt aggregating to ` 50410 crore. The
sectors included Infrastructure (Roads, Ports, Power, etc.), Sugar,
Real Estate, Logistics, Steel & Textiles. Income on the Syndication /
appraisal activities is recovered and credited to Profit and Loss
Account based on milestones, which amounted to ` 55 crore during
2011-12. Further, Fees of ` 29 crore is receivable out of mandates
in hand.
ii. RETAIL CREDIT
Growth of Retail Loans continued to be the thrust area for Bank
with emphasis on accelerating the delivery process to optimize
customer satisfaction level. While there have been simplification
of documentation and other formalities, TAT (Turnaround time)
norms for delivery of retail loans have also been revised. These
efforts have resulted in a YoY growth of 23.6% in Retail Credit to
` 29196 crore as on 31st March 2012. Outstanding in Core Retail
comprising of Housing, Vehicle, Education, Personal, Pensioner,
Gold, Mortgage and Reverse Mortgage Loan Schemes has increased
by YOY 21.9% to ` 24535 crore.
During the year, special emphasis was given to growth of vehicle
loans with offers like 'Monsoon Dhamaka' and 'Festival Bonanza'
that extended relaxation in rate of interest and processing fee/
documentation charges. As a result, vehicle loans registered a robust
YoY growth of 53.8% as at the end of 31st March 2012. While
Education Loans grew YOY by 17.3% to ` 3309 crore, Housing
loans increased YOY by 16.9% to ` 13808 crore. Pension Loan
and Gold Loan portfolio has also grown significantly with YoY growth
of 28% and 115% respectively.
During the year, a new Education Loan Scheme "PNB Pratibha" has
been launched. To boost the retail segments, Bank is having tie up
with major car manufacturing Companies/builders of repute and
educational institutions.
Bank will continue to focus on introducing new customer friendly,
competitive and technology based initiatives to suit all the sections
of the society as also to improve quality of its assets. Adherence
shall be continued towards regular and systematic monitoring, so
as to keep NPA at minimal level.
iii. PRIORITY SECTOR
Credit under Priority Sector (PS) increased to ` 95898 crore at the
end of March 2012, registering a growth of 26.7%. With ratio of
PS advances to Adjusted Net Bank Credit (ANBC) at 40.7%, Bank
continued to surpass the National Goal of 40%.
v<|- l+¤| :- +-|| n ¤÷i =º¤| n ¤l·¤|¤-|~| +i l¤·-i¤ ¤-<i
+i -¤nl·¬ +| =·n ¤-|¤| -·|| -¤ ª|t+| +| ¤·| + <|·|- v|--
l+¤| ª¤|
¤·| .º¡¡¡. + <| ·|- ¤ + - + n ·º¡:º +·| ÷ ª¤¤ +
n¸-¤|+-/l=÷i+z|- +º| + ln¤ l=z|-- ª¤ n ~-n|<- l<¤| --
-|·|| n l¤-n l=÷i+z|- + ln¤ ~-n|<- l<¤ ª¤ :l¤¤ni =÷+
¤ ¤|º| -i-i ª·||¤· =¤<| n|l¤lªº+= ªºin ¤ª·| ~|l< n ~|¬
|··|¸- ¤l·¤|¤-|( z||lnn t l=÷i+z|-/n¸-¤|+- +|¤+n|¤| +i ~|¤
¤=¸n +i ª: ~|· -·º|¤z ~|¬|· ¤· n|·| (¤ t|l- º||-| n ¤n| +i
ª: :-n ·· +·|÷ ª¤¤ +i ~|¤ l¤·-i¤ ¤·| .º¡¡¡. + <|·|-
¤+ +i ª: ¤¤l+ ¤|+i .º +·|÷ ª¤¤ +i ~|¤ ~|<z| +i ¤l·º
¤ -= ¤¸·| +·- ¤· v|-- +i ¤|(ªi
ii. ftº ¬ a fzº
l·ºn +º|| +i ¤lz ¤+ + ln( <¤|¤ -|·| ¤-| ·t| l¤=n ª|t+
=-l·º ª-· +| v|-- +·- +i l÷ni¤·i vl+¤| n -¤i n|- ¤· nt·¤
l<¤| ª¤| -·||l¤ vnº|i+·º| ~|· ~-¤ ~|¤-|l·+-|~| +| ~|=|-
¤-|¤| t l·ºn +º| +i l÷ni¤·i + ln( :º- ~·|-º÷ º|: n|
n|-<º÷| n =z||¬|- l+¤| ª¤| t :- v¤|=| + ¤l·º||nª¤ª¤
ª¡ n|- .º¡¡ +| .º¡º· +·|÷ + l·ºn +º| n .ª.·· +i ¤·||-¤·|
¤l, t: t ~|¤|= ¤|t- lz|-|| ¤¤l+-+ ¤z|-· ª¤º| ¤¬+ ~|·
v·¤|¤l-- ¤¬+ =lt- +|· +º| ¤|¤-|~| n .¡.º· +i ¤·||-¤·| +i
¤lz + ,|·| .:·ª· +·|÷ t| ª¤| t
¤·| + <|·|- ¤|t- +º| +i ¤lz +| l¤z|·| nt·¤ l<¤| ª¤| l¤=n
n|-=¸- ¬n|+| ~|· ·¤|t|· ¤|-|¤| ¤= vª-|¤ l<¤ ª¤ l¤== ·¤|¤
<· ~|· v|=l=ª z|-+/vnº|i+·º| v·||·| +| +n l+¤| ª¤| l¤=+
¤l·º||n ª¤ª¤ ¤|t- +º|| n ª¡ n|- .º¡. + ~- n ·ª.º· +i
¤·||-¤·| ~|¬|· ¤· z||-<|· ¤lz <¤ +i ª: lz|-|| +º| n ¤·||-¤·|
~|¬|· ¤· ªªºº +·|÷ +i ¡.ª· +i ¤·||-¤·| +i ¤lz t: ~|¤|=
+º| n ¡ªººº +·|÷ ª¤¤ +i ¤·||-¤·| ~|¬|· ¤· ¡·.º· +i ¤lz
t: ¤z|- +º| ~|· ª¤º| +º| ¤|º¤·|ln¤| n ·|i ¤·||-¤·| ~|¬|· ¤·
+nz|· .º· ~|· ¡¡·· +i nt·¤¤¸º| ¤lz t:
¤·| + <|·|- -: lz|-|| +º| ¤|¤-| ''¤i(-¤i vl-·||'' z|ª +i ª:
l·ºn =ªnº +| ¤·|¤| <- + ln( ¤+ - nº¤ +|· l¤l-n|º|
+-¤l-¤|/vl-l·a- ·|¤- l-n|-|~| ~|· z|l-|+ =ª·||~| + =|·|
-|nn n l+¤| t
¤+ -: ª|t+|-+¸n vl-ª¤¬i ~|· v|¤|lª+i ~|¬|l·- ¤tn| +| z|ª
+·- ¤· ·¤|- <-| ¤|·i ·º|ª| l¤== =n|¤ + =·|i ¤ª| + ln(
~-+¸n t|- + =|·| --+i ~|lª-¤| +i ªº|¤·-| n =¬|· ·|i t|ª|
l-¤ln- ~| · ·¤¤lª·|- n|l-ºl·ª + ln( ~-¤|n- ¤-| ·tª| -|l+
(-¤i( +| -¤¸--n ª-· ¤· ·º|| ¤| =+
iii. ¤rºrfn¤ar +r·r
n|- .º¡. + ~- n v|·|ln+-| -|·| + ~-ª- +º| ¤·+· º·ººº
+·|÷. ª¤¤ t| ª¤| l¤== .·.· +i ¤lz <¤ +i ª: :º.· ¤·
=nl¤- l-¤n ¤ + +º|(n¤i=i| n v|·|ln+-| -|·| ~lª n +|
~-¤|- :º· + ·|·ºi¤ n-¤ = ~l¬+ ¤-| ·t|
27
Priority Sector Credit
(As on 31.3.2012)
(` Crore)
31.3.2011 31.3.2012
Priority Sector Credit 75652 95898
Of which:
(a) Agriculture Sector 35462 45917
– Direct 27398 34717
– Indirect 8064 11200
(b) Small Enterprises 29540 38115
(c) Others 10650 11866
Credit to Weaker Section 18681 24380
Credit to Women beneficiaries 9218 11759
Achievement of National Goals
(Based on Last Reporting Friday Data)
%age to ANBC Target 25, March 23, March
2011 2012
Priority Sector Credit 40 40.67 40.70
Of which:
(a) Agriculture Sector 18 19.30 19.34
– Direct 13.5 14.80 14.84
Credit to Weaker Section 10 10.13 10.43
Credit to Women beneficiaries 5 5.08 5.10
Credit to Agriculture
Credit to Agriculture sector grew by 29.48 % to ` 45,917 crore at
the end of March 2012 with the ratio of Agriculture Advances to
ANBC at 19.34% (higher than National Goal of 18%). Direct
Agriculture Advances of Bank rose to ` 34,717 crore in March
2012 showing a growth of 26.7% over March 2011. Bank issued
4.7 lakh Kisan Credit Cards (KCCs) during 2011-12, taking the
cumulative number of KCCs issued to 40.8 lakh since inception.
During 2011-12, Bank disbursed agriculture loans to the tune of
`35,509 crore to 21.11 lakh farmers. Further, under Special
Agricultural Credit Plan, Bank disbursed ` 9386 crore to 7.83 lakh
new farmers. Bank has also disbursed ` 748 crore to 95,631
borrowers for redeeming their debt to non-institutional money
lenders under Krishak Saathi Scheme.
During the year, Bank took various initiatives to accelerate flow
of credit to agriculture sector. Bank launched a "Special Agriculture
Credit Campaign", as per directives of Ministry of Finance during
which 2.2 lakh new farmers were financed with a disbursement
of over Rs 2300 crore. Kisan Credit Card Scheme was revamped
and renamed as PNB Kisan Card with fixation of crop production/
working capital limit at 50% higher than the eligible limit as on
¤rºrfn¤ar +r·r =¢r
(s+.os.zo+z ¤r ¸
:+·|÷ ª.|
31.3.2011 31.3.2012
¤|·|ln+-| -|·| +º| 75652 95898
:-n =·
:+|+l·| -|·| 35462 45917
– ¤·¤-| 27398 34717
– ~¤·¤-| 8064 11200
(º|) n·| -¤n 29540 38115
(ª) ~-¤ 10650 11866
+n¤|· ¤ª| +| +º| 18681 24380
nltn| n|·||l·| ¤| +| +º| 9218 11759
trrºt¤ ¬+¤r ¤t ¤rfta
(=fan ft¤rfºn rra¤rt ¤ =r¤z ¤t =rªrrfta¸
qª¤t=t ¤t ¤farrar ¬+¤ zs nr¤, zs nr¤,
2011 2012
¤|·|ln+-| -|·| +º| 40 40.67 40.70
:-n =:
(+) +l·| -|·| 18 19.30 19.34
– ¤·¤-| 13.5 14.80 14.84
+n¤|· ¤ª +| +º| 10 10.13 10.43
nltn| n|·||l·| ¤| +| +º| 5 5.08 5.10
¤frr ¤ f¬¤ =¢r
+l·| -|·| + ln¤ +º| n .º.:º· +i ¤lz t: ~| · ¤t n|- .º¡.
+ ~- n :·º¡ +·|÷ ª¤¤ t| ª¤| =nl¤- l-¤n ¤ + +º| +l·|
~lªn| +| ~-¤|- ¡º· + l-¬|l·- ·|·ºi¤ n-¤ +i ~¤-|| ¡º.ª:·
t ¤+ +| v·¤-| +l·| +º| n|- .º¡. n ª:¡ +·|÷ ª¤¤ t|
ª¤| l¤== n|- .º¡¡ = .·.· +i ¤lz +| ¤-| -n-| t ¤ + -
.º¡¡¡. + <| ·|- :. n|º| l+=|- +l÷º +|÷ ¤|·i l+( l¤==
+n ¤|·i l+( ª( l+=|- +l÷º +|÷| +i =º¤| :º.º n|º| t| ª:
t ¤+ - .¡.¡¡ n|º| -¤ l+=|-| +| ª··ºº +·|÷ ª¤¤ + +l·|
+º| l¤-l·- l+¤ :=+ ~n|¤| ¤ + - l¤z|·| +l·| +º| ¤|¤-| +
~-ª- .ºª n|º| -( l+=|-| +| ¤·| .º¡¡¡. + <|·|- ºªº·
+·|÷ ª¤¤ l¤-l·- l+¤ ¤+ - +·|+ =|·|i ¤|¤-| + ~-ª-
ª·=ª·||ª- ¬- -¬|·<|-|~| +| --+| +º| º··ª¡ +lº|¤| +| :º
+·|÷ ª¤¤ =l¤-l·- l+¤
¤·| + <|·|- +l·| -|·| +| +º| v<|- +·- + ln( ¤+ ,|·| +:
+<n -a|¤ ª( t ¤+ - l¤·- n·||n¤ + l-<z||-=|· ''l¤z|·| +l·|
+º| ~l·|¤|-'' z|ª l+¤| := ~l·|¤|- ~¤l¬ + <| ·|- ... n|º|
-( l+=|-| +| +¤· l+¤| ª¤| ~|· .ªºº +·|÷ = ~l·|+ ª¤¤
l¤-l·- l+¤ ª¤ l+=|- +l÷º +|÷ ¤|¤-| + ª¤ n =z||l¬- l+¤|
ª¤| t ~| · ¤i(-¤i l+=|- +|÷ +| -¤| -|n l<¤| ª¤| t l¤=n
n¤¸·i +i -|·iº| +| ¤|·| =in| = ·º· ~l¬+ ¤·=n -·¤|<-/+|¤ z|in
28
date of sanction. While the consumption loan limit has been
increased from ` 50000/- to ` 1 lakh, margin requirement is NIL
upto ` 3 lakh.
Kisan Ichchhapurti Scheme has been renamed as "Kisan Gold
Scheme" where limit has been increased to ` 20 lakh from
`10 lakh, limit under non-productive purposes has been increased
to `5 lakh and the stipulation of satisfactory track record has been
reduced to 2 years,etc. Bank continued financing against pledge of
warehouse receipt under tie-up arrangement with collateral
managers.
Micro Credit
Bank continued its efforts to promote micro finance through
formation and credit linkage of Self Help Groups (SHGs). At end
of March 2012, the number of credit linked SHGs registered a
9.3 % increase to 1,80,726 SHGs with an amount of `1512 Crore.
The cumulative number of SHGs that had been deposit-linked
rose to 2,17,909 with a growth of 10.20%. Bank has credit linked
1,25,318 women SHGs and Saving linked 1,45,235 women SHGs.
Inorder to boost microcredit, relaxations have been approved for
financing of SHGs sponsored by different agencies. Further, a
modified scheme of "Micro Credit- SHGs- Non Govt Sponsored
Scheme" was approved for financing of SHGs promoted by Bihar
Rural Livelihoods Promotion Society (JEEVIKA).
Credit to Weaker Sections & SC/ST
Credit to weaker sections increased to `24,380 crore at the end of
March' 2012, registering a growth of 30.9%. Advances to weaker
sections at 10.43% of ANBC continued to be higher than the
National Goal of 10 %. Credit to SC/ST beneficiaries amounted to
` 3808 crore in March' 2012 with a YOY growth of 10.3%.
Credit to Women beneficiaries
The Bank is sensitive to women empowerment and hence credit
extended to women beneficiaries rose to ` 11,759 crore at the
end of March 2012 and as a % to ANBC stood at 5.10%, higher
than the National Goal of 5%. A dedicated Women Cell functions
at corporate Office closely monitors the progress under various
lending schemes for women beneficiaries and redesigns the existing
ones as per emerging needs.
Credit to Minority communities
Bank' s credi t to mi nori ty communi ti es has i ncreased to
` 14,445 crore at the end of March' 2012 showing a growth of
26.8% over March' 2011. It constituted 15.06% of Priority Sector
advances, higher than the target stipulated under Prime Minister's
15 point programme for the welfare of Minorities.
¤¸¤i =in| +| l-lz-- l+¤| ª¤| t -¤·||+-| +º| =in| +|
·ºººº/ ª¤¤ = ¤·|+· ¡ n|º| ª¤¤ +· l<¤| ª¤| t l¤=n
n|l¤ - +i ~|¤z¤+-| ª n|º| ª¤¤ -+ z|¸-¤ t
l+=|- :-¤|¤¸l- ¤|¤-| +| -¤| -|n ''l+=|- ª¤º| ¤|¤-|'' l<¤| ª¤|
t l¤=n =in| ¡º n|º| +| ¤·|+· .º n|º| +· l<¤| ª¤| t
ª ·-·¤|<+ v¤|¤-| + ~-ª - =in| +| ¤·|+· · n|º| +· l<¤|
ª¤| t ~|· =-|·|¤-+ º+ l·+|÷ +i z|- +| ·|º|+· . ¤·| +· l<¤|
ª¤| t ¤+ - =¤|lz¤+ v¤-¬+| + =|·| -|nnn ·¤¤ª·|| + ~-ª-
n|nª|<|n ·=i< +| lª·¤i ·º|- ¤· l¤·- v<|- +·-| ¤|·i ·º|| t
nr;ar a fzº
¤ + - ª¤¤ =t|¤-| =n¸t + ¤·|n z|- (¤ +l÷º =-¤z-| + n|·¤n
= n|:+| l¤·- +| ---- +·- + v¤|=| +| ¤|·i ·º|| n|- .º¡.
+ ~- n ¤+ + ¡·¡. +·|÷ ª¤( + +º| =-¤z ¡ºº.· ª¤¤
=t|¤-| =n¸t ·| l¤=n º.ª +i ¤l, <¤ +i ª: t ª¤¤ =t|¤-|
=n¸t +i +n =º¤| ¤| ¤n| =-¤z ·|i ¤t ¤·+· .¡ººº
:¡º..º· +i ¤lz| t| ª: ¤ + + ¡.·ª¡º +º| =¤z nltn|
ª¤¤ =t|¤-| =n¸t t ~| · ¡:·.ª· ¤-- =-¤z nltn| ª¤¤
=t|¤-| =n¸t t
n|:+| +l÷º +| ¤·|¤| <- + ln( ¤¸º| +| l¤l·|-- (¤l-=¤| ,|·|
v|¤|l¤- ª¤¤ =t|¤-| =n¸t + l¤·- ¤|·|º| + ln( ~-n|l<- l+¤|
ª¤| t :=+ ~n|¤| ''n|:+| +l÷º (=(-¤iª · =·+|·i v|¤|l¤-
¤|¤-|'' +i =z||l¬- ¤|¤-| l¤t|· ª·n n|:¤nit÷ vn|z|- =|=|¤ºi
:¤il¤+|| ,|·| ---- ª¤¤ =t|¤-| =n¸t| + l¤·- ¤|·|º| + ln¤
~-n|l<- +i ª: t
¤n¬rt ¤nr =rt =ª=¸f¤a ¬rfa. =ª=¸f¤a ¬ª¬rfa ¤r =¢r
n|- .º¡. + ~ - n ¤ + ,|·| +n¤| · ¤ª| +| l<( ª( +º| n .:ªºº +·| ÷
ª¤¤ +i ¤ l, t : l¤=n ªº.º vl-z|- +i ¤ l, <· <¤ +i ª: =n l¤-
l-¤n ¤ + +º|| n +n¤| · -| ·| + ~lª n| +| ~- ¤|- ¡º.:ª· ¤-| ·t|
¤| l+ ¡º· + ·|·º i¤ n-¤ = ~l¬+ t ~- =¸ l-- ¤|l-/~- =¸ l-- ¤-¤|l-¤|
+ n|·||l·| ¤| +| n|- ¡. n ª. ªººº +·| ÷ +º| v<|- l+( ª( l¤=n ¤·|
<· ¤·| ¡º.ª· +i ¤ lz t :
nfr¬r ¬r+rrfºr¤r ¤r =¢r
¤ + nltn| =z|l+-+·º| + vl- =¤<-z|in t ~| · := v+|· nltn|
n|·||l·|¤| +| l<( ª( +º|| n +·|÷ ª¤¤ +i ¤lz t: ~|· ¤ n|-
.º¡. + ~- n ¤·+· ¡¡·º +·|÷ ª¤¤ t| ª( ~|· =nl¤-
l-¤n ¤+ +º|| n vl-z|- + ª¤ n ·.¡º vl-z|- t| ª( ¤|l+ ··
+ ·|·ºi¤ n-¤ = ~l¬+ t l-ªln- +|¤| n¤ n ~nª nltn| +-|
+|¤ ·- t ¤| nltn| n|·||l·| ¤| + ln( l¤l·|-- +º| ¤|¤-|~| +i
=¸-n-| = n|l-ºl·ª +·-| t ~|· ¤t| ~¤l-|- t ¤|¤-| n =z||¬-
l+( ¤|- t
=r¤==¤¤ =nªr¤r ¤ f¬q =¢r
n|- .º¡. + ~- n ~-¤=º¤+ =n<|¤| + ln( ¤+ +º| n
¡:::· ª¤( +i ¤l, t: t l¤== n|- .º¡¡ +| .·.º· +i ¤l,
+| ¤-| -n-| t ¤t v|·|ln+-| -|·| ~lªn| +| ¡·.º·· ·t| ¤|
~-¤=º¤+| + +-¤|º| + ln( v¬|-n·|i + ¡· =¸·|i¤ +|¤ +n +
~-ª - l-¬| l·- n-¤ = ~l¬+ t
29
Micro, Small & Medium Enterprises
Bank recognizes the important role of Micro, Small & Medium
Enterprises (MSME) in the economic development through their
contribution to GDP, exports and employment generation. Towards
this, as at the end of March 2012, Bank's credit to MSME sector
stood at ` 57,355 crore registering a YOY growth of 26.62% and
constituted 21.53% of total credit. Advances to Micro Enterprises
grew by 31.36 % to `18,877 crore.
The Bank has implemented recommendations of High Level Task
Force constituted by Hon'ble Prime Minister to address the issues
of Micro, Small & Medium Enterprises (MSME) Sector. Against the
envisaged growth of 20%, the outstanding Micro and Small
Enterprises (MSE) advances grew by 28.04% as on March 2012
to ` 44,856 crore.
Bank has developed SME Credit Scoring Model for loans upto
` 50 lakh in all the branches for speedier appraisal of loan proposals.
In this regard, to provide guidance to field functionaries manual on
scoring model has also been prepared.
a. Collateral Free Lending
During the year 2011-12, Bank focussed on extending
Collateral free/ guarantee free loans to the MSMEs by
covering 17009 cases with the credit outlay of `1099 crore
under the Credit Guarantee Scheme of Micro and Small
Enterprises (CGTMSE). Under CGTMSE, Bank covers loans
upto ` 1 crore.
b. Other Initiatives
To boost the MSME advances, Bank launched new
schemes like 'PNB Weavers Credit Card' and 'PNB Super
Trade' during the year. Similarly, 55 clusters have been
adopted under the cluster based lending approach to pay
focused attention to the sector. In order to expand the
base of credit to MSMEs, bank has 465 MSME focus
branches along with the 58 Specialised MSME branches.
In total, these 523 branches are ensuring hassle free credit
to the MSMEs. Besides, to support the MSME borrowers,
Bank is extending interest concessions of 75 basis points
on chargeable interest rate for loans up to ` 25 lakh. For
better customer service and relationship with MSMEs,
Bank has adopted the Code of Bank's Commitment to
Micro and Small Enterprises prescribed by the Banking
Codes and Standards Board of India, Mumbai. Similarly,
facility of submission of on-line application under MSE
segment has also been provided with a concession of 20%
in upfront fee and processing fee. Bank is pro-actively
participating in various schemes of The Government of
I ndi a l i ke Pri me Mi nster Empl oyment Generati on
Programme (PMEGP), Credit Link Capital Subsidy Scheme
(CLCSS), etc. Bank is also entering into Tie ups/ MOU
with vehicle manufacturers like Tata Motors, Ashok
=¸+n, ¬rr q¤ nª¤n sun
¤ + =¸-n n·| (¤ n·¤n -¤nn(=(n: | -|·| l¤l-n| º| (¤ =¤|
-|·| n ¤i÷i¤i l-¤|- ¤ ·|¤ª|· n --+ ~z|<|- + n|·¤n =
~|l·|+ l¤+|= n nt·¤¤¸º| ·|¸ln+| +| n|-¤-| v<|- +·-| t n|-
.º¡. + ~- n (n(=(n: -|·| +| +º| ·ª·· +·|÷ ª¤¤ ·t
l¤=n ¤·| <· ¤·| .·.·.· +i ¤lz <¤ +i ª: ~| · ¤t +n +º|
+i .¡.·ª· ·ti n|:+| -¤n| + ln¤ ~lª n| n ª¡.ª·· +i ¤lz
t: ~| · ¤t ¡ºº +·|÷ ª¤¤ + ª-· ¤· ¤t- ª¤|
¤ + - =¸-n n·| -·|| n·¤n -¤n|n(=(n: | + nª| ¤· ·¤|-
l<n|- + ln( n|--i¤ v¬|-n·|i ,|·| ªla- --- ª-·i¤ +|¤ ¤n +i
l=¤·|l·z|| +| +|¤|l-¤- l+¤| n|- .º¡. +i lª·|l- + ~-=|· .º·
+i ¤lz + ln( ¤+|¤| (n(=: ~lª n ::º·· +·|÷ ª¤¤ ·|
l¤== .º.º:· +i ¤·| <· ¤·| ¤lz +| ¤-| -n-| t
¤+ - +º| vª-|¤| + ·¤l·- n¸-¤|+- + ln( =·|i z||º||~| n
·º n|º| ª¤¤ -+ + +º|| + ln( (=(n: +l÷º ª+|l·ª n|÷n
-¤|· l+¤| t := ¤|· n ¤·i-÷ ¤<|l¬+|l·¤| +| n|ª<z|- v<|- +·-
+ ln( ª+|l·ª n|÷n +| n -~n ·|i - ¤|· l+¤| ª¤| t
¤. =¤rfr¤¤ n¤a =¢r
¤·| .º¡¡¡. + <| ·|- ¤ + - (n(=(n: +| = ¤|lz ¤+ n +-/ª|· ºi
n+- +º| v<|- +·- ¤· ¤|· <- t( ¡ººº n|nn := ¤|¤-|
+ ~-ª- +¤· l+( l¤=n =i¤iºi(n(=: ¤|¤-| + ~-ª-
¡ººº +·|÷ ª¤( +| +l÷º ·¤¤ z||lnn ·t| =i¤iºi(n(=:
+ ~-ª - ¤ + ¡ +·|÷ ª¤¤ -+ + +º| +¤· +·-| t
=r. =-¤ ¤r¬
(n(=(n: ~lªn| +| ¤·|- + ln( ¤+ - ¤·| + <|·|-
'¤i(-¤i ¤-+· +l÷º +|÷' ~|· '¤i(-¤i =¤· º÷' ¤=i -:
¤|¤-|( z|ª +i t :=i ·||l- +nªº· ~|¬|l·- -¬|·<|-|
<l·º+|º| + ~-ª- ·· +nªº·| +| ~ªi+|· l+¤| ª¤| t
l¤== l+ := -|·| ¤· ·¤|- l<¤| ¤| =+ (n(=(n: + +º|
+ ~|¬|· +| ·¤|¤+ ¤-|- + ln( ¤+ - ¤-n|- ·º l¤z|·|i+-
(n(=(n: z||º||~| + =|·| :·· (n(=(n: ¤·|+= z||º||(
¤-|: t :- ·.ª z||º||( (n(=(n: z||º||~| + =|·| :··
(n(=(n: ¤·|+= z||º||( ¤-|: t :- ·.ª z||º||( (n(=(n:
+i ¤|¬|·lt- +º| v<|- +·-| =l-lz-- +· ·ti t :=+
~l-l·+- (n(=(n: +lº|¤| +| =t¤|ª v<|- +·- + ln( ¤ +
.· n|º| ª¤¤ -+ + +º| + ln( v·||¤ ·¤|¤ <· ¤· ·
¤l== -¤|:º +i ·¤|¤ ¤¸º v<|- +· ·t| t ¤t-· ª |t+ =¤|
~|· (n(=(n: = ¤÷- + ln( ¤+ - ¤l+ª +|÷ (¤ ªºº÷÷
¤|÷ ~|¤· :l÷¤| n-¤: ,|·| l-¬|l·- =¸-n ~|· n·| -¤n| +i
¤ + +i vl-¤z-| +| +|÷ ~ªi+|· l+¤| t :=i ·||l- (n(=:
=ªnº + ~-ª- ~|- n|:- ~|¤<-¤·| +| ·|¤- +i =l¤·||
·|i ~¤+º z|-+ ~|· v|=l=ª z|-+ n .º· +i ¤¸º + =|·|
v<|- +i ª: t ¤+ ·||·- =·+|· +i l¤l·|-- ¤|¤-|~| n
=l+¤ ª¤ = ·||ª n ·t| t ¤= l+ v¬|-n·|i ·|¤ª|· =¤-
+|¤ +n :¤i(n: ¤i¤i| +l÷º ln+ + l¤ºn =l·=÷i ª+in
:=i(n=i(=(=| ~|l< :=+ ~l-l·+- =¤| -|·| +| l¤·- v<|-
+·- + ln( º|º| n|º= ~z||+ ninº÷ nlt-:| (¤ nlt-:|
30
Leyland, Mahindra & Mahindra Ltd, Bajaj Auto Ltd, etc
for financing the service sector.
iv. FINANCIAL INCLUSION
Financial inclusion has been priority area for the Bank as reflected
in its mission "Banking for the unbanked". Bank has adopted the
Business Correspondent (BC) model based on information and
communication technology (ICT) wherein the BCs are using Hand
Held Terminals (HHTs) which are connected with the central server.
The customer is provided a smart card which facilitates the biometric
identification and the transactions. Bank has covered over
8.58 lakh beneficiaries in 39 special projects using ICT based
solutions since 2007.
Swabhiman Campaign of Govt. of India - Provision of banking
services in villages with population of over 2,000:
Bank has covered 4588 villages allotted under the Swabhiman
campaign through BCs who are providing services to receive and
pay cash by opening No-frill accounts. Bank is converting these BC
locations into Ultra Small Branches (USBs) as per the Govt. of India
guidelines. Bank is also utilizing the services of 2511 BCs in 21
states.
Financial Inclusion Plans:
Financial Inclusion Plan upto March 2013 have been adopted by
the Bank with its various parameters i.e Coverage of villages with
BCs, performance in issuance of Kissan Credit Cards (KCC) and
General Credit Cards (GCC), opening of No-frill accounts and
providing overdraft in No-frill accounts. Bank has issued 18.07 lakh
KCCs having balance of `17,926 crores as at the end of March
2012. Bank has also issued 1.27 lakh GCCs with a balance of
` 461 crore.
No-Frill Accounts:
Bank has been continuously extending the facility of No-frill
accounts through its branches and the BCs. As on March 2012,
there were 37.25 lakh No-frill accounts with a balance of
` 1005 crore in the branches and 49.32 lakh accounts with a balance
of ` 188 crore at the BC centres. Bank is providing an inbuilt facility
of overdraft in the No-frill accounts and the overdraft amount
availed so far is ` 9.03 Crore in 1.40 lakh accounts.
Status of Financial Inclusion
(As on March 31, 2012)
Sl. No Frill Accounts Accounts Amount
No (No in Lacs) (` Crores)
1 No Frill Accounts through Branches 37.25 1005
2 No Frill Accounts through Business 49.32 188
Correspondents
lnlnº÷ ¤¤|¤ ~|º| lnlnº÷ ~|l< ¤=i ¤|t- l¤l-n|-|~| +
=|·| -|nnn/(n~|¤¸ l+¤| t
iv. f¤-at¤ =nr¤rrª
l¤·-i¤ =n|¤z|- ¤+ + ln( v|·|ln+-| -|·| ·t| t ¤=|l+ ''¤+
·lt- + ln( ¤+'' + ~¤- lnz|- n <z||¤| ª¤| t ¤+ - =¸--|
~|· =-|· v|¤|lª+i :~|:=iºi| ¤· ~|¬|l·- +|·|¤|· vl-l-l¬
:¤i=i| n|÷n +| ~¤-|¤| t l¤=n +|·|¤|·i vl-l-l¬ t º÷ t -÷
ºln-n-(-ºi| +| v¤|ª +· ·t t ¤| +-:i¤ =¤· = ¤÷ t
ª|t+| +| ªn|º +|÷ v<|- l+¤ ª¤ t l¤=n ¤|¤|nlº+ ¤t-|- ~|·
n-<- +i =l¤·|| <i ª: t ¤+ - .ºº + ¤|< ~|:=iºi ~|¬|l·-
=n|¬|-| +| :ª-n|n +·- t( ªº l¤z|·| ¤l·¤|¤-|~| n º.·º n|º|
= ~l¬+ n|·|ª |lt¤| +| +¤· l+¤| t
+rrta =t¤rt ¤r t¤rf+rnrª =f+r¤rª-zooo = =f¤¤ ¬ª==¤r
¤r¬ nr¤r n ¤f¤n =¤rq ¤ªrª ¤tªr
+|·| ¤|· vl-l-l¬¤| + n|·¤n = ª¤|l·|n|- ~l·|¤|- + ~ -ª - ~|¤ lº-
( = :·ºº ª| ¤| +| +¤· l+¤| ª¤| t ¤| -| l+n º||- º|| n- + ,|·|
-+<i v|-- +·- ~| · ·| ª-|- +·- + ln( = ¤|( v<|- +· ·t t ¤ +
:- ¤i=i ª·||-| +| ·||·- =·+|· + l<z||l-< z|| + ~- =|· ~·¤-- ¤| ºi
z||º||~| :¤¸ (=¤i| n ¤l·¤l- - +· ·t| t ¤ + .¡ ·|-¤| n .·¡¡
+|·| ¤|· ¤· l=lnº º· +i = ¤|~| +| -¤¤| ª +· ·t| t
f¤-at¤ =nr¤rrª ¤r¬ªrq .
n|- .º¡ª -+ l¤·-i¤ =n|¤z|- ¤|¤-| +| ¤ + ,|·| ª¤i+|· l+¤|
ª¤| t l¤=n -=+ l¤l·|-- ¤·|niº·| ~·||-¸ ¤i=i + =|·| ª|¤| +i
+¤·¤ l+=|- +l÷º +|÷| :+=i=i| ~|· =|n|-¤ +l÷º +|÷|
:¤i=i=i| +| ¤|·i +·- n +|¤l-·¤|<- -|l+n º||- º||n-| ~|·
-|l+n º||-| n ~|¤·÷|+º v<|- +·-| z||lnn t ¤+ - n|- .º¡.
+ ~- n ¡º.º n|º| l+=|- +l÷º +|÷ ¤|·i l+¤ t l¤-n
¡º.· +·|÷ ª¤¤ +| z|·| t ¤+ - ¡.. n|º| =|n|-¤ +l÷º
+|÷ ·|i ¤|·i l+¤ t l¤-n :·¡ +·|÷ +| z|·| t
ªrf¤¬ =rra .
¤+ ~¤-i z||º||~| ~|· +|·|¤|· vl-l-l¬¤| + n|·¤n = -|l+n
º||-| +| º||n- +i =l¤¬| nª|-|· v<|- +· ·t| t n|- .º¡. -+
z||º||~| n ª..· n|º| -|l+n º||- º||n ª¤ t l¤-n ¡ºº· +·|÷
ª¤¤ +| z|·| t ~|· ¤i=i +-:| n :º.ª. n|º| º||- º||n ª¤ t
l¤-n ¡ºº +·|÷ ª¤¤ z|·| t ¤+ -|l+n º||-| n ~|¤·÷|+º +i
~--l-lt- =l¤¬| v<|- +· ·t| t ~|· ~¤ -+ ¡.:º n|º| º||-| n
º.ºª +·|÷ ª¤¤ +i ·|lz| v|-- +i ª: t
f¤-at¤ =nr¤rrª ftºrfa
:ª¡ n|- .º¡. +i lª·|l- + ~-=|·|
a. nfaf¤f¤ =rra trfrr
ª . (==¤r ¬r=rr n) (¤trz =. n)
1 z||º||~| + n|·¤n = 37.25 1005
-|l+n º||-
2 +|·|¤|· ~l·|+-|~| +
n|·¤n = -|l+n º||- 49.32 188
31
Electronic Benefit Transfers (EBT)
Bank is participating in the EBT schemes wherein various social
benefits like widow pension, NREGA wages, etc. are being
disbursed. Bank is associated with these programmes in 4 States
where over 3.70 lakh beneficiaries are being served.
Aadhaar initiatives:
Bank is registered with Unique Identification Authority of India
(UIDAI) for enrolments into UIDAI system for issuance of Aadhaar
numbers to the residents. Bank is also opening the Aadhaar enabled
bank accounts.
National Pension System (NPS) - Swavalamban Scheme
During the year, Bank has registered with Pension Fund Regulatory
and Development Authority (PFRDA) as Point of Presence (POP)
for the National Pension System. Bank shall undertake enrollments
under Swavalamban scheme wherein the people in unorganized
sector are to be covered.
Financing of Rickshaw Pullers
The bank has been financing the rickshaw pullers since 2008 and
has continued this initiative during the current year also. The bank
has cumulatively financed 10259 rickshaw pullers so far.
Financial Literacy and Credit Counseling Centres
The Financial Literacy and Credit Counseling Centres(FLCCs) were
introduced to impart financial education. Our Bank has lead Bank
responsibility in 57 districts and Bank has opened FLCCs in all these
districts along with one in Delhi, taking the total number of FLCCs
to 58.
These centres are providing face to face counselling on financial
issues related to banking viz. deposits, opening of No frill Accounts,
preventive and curative credit conselling etc. During the year 2011-
12, 2,00,221 enquiries were made in the FLCCs and 1,95,601
persons attended the seminars conducted by FLCCs.
v. ASSET QUALITY
Ratio of Gross Non-Performing Assets (NPAs) to Gross Advances
of the Bank stood at 2.93% at the end of March' 2012 and the
ratio of Net NPAs to Net Advances was 1.52%. Bank gave focused
attention on NPA Management. Account-specific resolution
strategies were implemented and progress was monitored
regularly in all NPAs. Thrust was also given to upgradation of
NPAs to performing category. While Bank initiated enforcement
action under SARFAESI Act in majority of eligible NPAs,
Compromise / negotiated settlement was adopted as another vital
strategy to tackle NPAs. Special recovery campaigns (Rin Mukti
Shivirs) were launched in various geographical locations, where
Senior Authorities from Circle Office/ Head Office and Field
General Managers (FGMs) participated for on the spot decisions
on resolution of accounts i.e. One Time Settlement (OTS)/
Upgradation etc.
;¬¤ºrfª¤ ¬r+r =at¢r (;¤tºt¸
¤+ :¤iºi ¤|¤-| n ·||ª n ·t| t l¤=n l¤l·|-- =|n|l¤+ n|·||
¤=l+ l¤¬¤| ¤z|- -·ª| ¤-- ~|l< +| =l¤-·º| l+¤| ¤| ·t| t
¤+ : ·|-¤| n :- +|¤+n| = ¤÷| t l¤=n ª.º n|º| n|·||l·|¤|
+| =¤| v<|- +i ¤| ·ti t
=r¤rt ¤r¬
¤ + l-¤|l=¤| +| ~|¬|· = º¤|~| +| ¤|·i +·- + ln( ¤¸ ~|: ÷i(~|:
l=ªºn n -|n|+- +·- + ln( ·||·-i¤ l¤lz|·º ¤t-|- v|l¬+·º|
:¤¸~|:÷i(~|:| + =|·| ¤¤i+- t ¤+ ~|¬|· =nl·|- ¤+ º||-|
+| ·|i º||n ·t| t
trrºt¤ ¤rrª ¤¢rr¬t (qª¤tq=¸-t¤r¤¬¤ª ¤r¬ªr
¤·| + <|·|- ¤+ - ·|·ºi¤ ¤z|- vº||ni + ln( -¤|:º ~|¤· v¤=
:¤i~|¤i| + ª¤ n ¤z|- l-l¬ l¤l-¤|n+ ~|· l¤+|= v|l¬+·º|
:¤i(¤·~|·÷i(| n ¤¤i+- l+¤| t ¤+ ª¤|¤n¤- ¤|¤-| + ~-ª-
-|n|+- +·ª| l¤=n ~=ªla- -|·| + ·¤l+-¤| +| +¤· l+¤|
¤|(ª|
ft¤rrr ¤r¬¤r ¤r f¤-a ¤rrr¢r
¤+ .ººº = l·+z|| -|n+| +| l¤·- ¤<|- +· ·t| t ~|· ¤-n|-
¤·| n ·|i ¤t ¤tn ¤|·i ·º|i t ¤ + - ~¤ -+ +n lnn|+·
¡º.·º l·+z|| -|n+| +| l¤·- v<|- l+¤| t
f¤-at¤ =r+rtar q¤ =¢r ¤trnrr ¤-) (q¤·q¬=t=t¸
l¤·-i¤ =|-|·-| (¤ +º| ¤·|nz|<|¤i +-:| +| l¤·-i¤ lz|-|| v<|-
+·- + ln( ~|··| l+¤| ª¤| ·|| ¤+ +| · l¤n| n ~ªº|i ¤+
+| -·-·<|l¤·¤ t ¤t| tn|· l¤·-i¤ =|-|·-| (¤ +º| ¤·|nz|<|-|
+-:¤·(n=i=i| t ~| · (+ l<-ni n ·|i ~·|| -¸ :-+i +n
=º¤| ·º t
¤ +-: ¤l+ª ~·||-¸ ¤n|·|lz|¤| -|l+n º||-| +| º||n-| l-¤|·+
(¤ =|·¤ +º| ¤·|nz| <|-| ~|l< = =-¤l-¬- l¤·-i¤ n|nn| +
=-¤-¬ n ~|n-=|n- ¤·|nz| v<|- +· ·t t ¤·| .º¡¡¡. +
<|·|- .ºº..¡ =º¤| +i ¤¸¤-|¤ (¤·(n=i=i n +i ª: ·|i ~|·
(¤·(n=i=i ,|·| ~|¤|l¤- =ln-|·| n ¡º··º¡ n|ª| - ·||ª ln¤|
v. =rfta n¢r¤-ar
¤ + + =+n ~lª n| n =+n (-¤i( +| ~- ¤|- n|- .º¡. + ~ -
n ..ºª· ·t| ¤¤l+ l-¤n ~lª n| n l-¤n (-¤i( +| ~- ¤|-
¡.·.· ·|| =·|i ~-¤ + ~|lª-¤|-¤i(| + n|nn n º||-| l¤lz|·º
¤ ª-|¤ ·º|-il-¤| +| +|¤| l-¤- l+¤| ª¤| ~| · =·|i (-¤i( n ¤ ªl- +|
l-¤ln- ª¤ = n| l-º· l+¤| ª¤| ¤¤l¤ ~-¤ + ~|lª-¤| +| ~¤ +
~|lª-¤| + ª¤ n ---- +·- ¤· ¤n l<¤| ª¤| ·|| -·||l¤ =·¤· =i
(SARFAESI) ~l¬l-¤n + ~ -ª - ¤l·¤- - +|· ¤|: -¤¤ +- n|nn| n
~|· ·| +i ª: ·|i =n¤| -|/¤|--i- ·¤¤ª·||¤- +| ~-¤ + ~|lª-¤| =
l-¤º- + ln¤ <¸ =· -¤|¤ + ª¤ n ~¤-|¤| ª¤| ·|| ¤ |-- ~- ·|¤ -·||
l¤l-¤|n+ n|ª l-< z|| + ~|¬|· ¤· ¤ + +i +º| +i ¤=¸ ni -·|| (-¤i(
v¤ ¬- -il- +| = - ln- ª¤ = - ¤|· l+¤| ª¤| l¤z| ·| ¤=¸ ni ~l·|¤|-
:+º| n l+- lz|l¤·| l¤l·|-- ª·||-| ¤· ~|· ·| l+¤ ª¤ ¤t| n ÷n
+|¤| n¤/v¬|- +|¤| n¤ = ¤l··a v|l¬+|l·¤| -·|| ¤·i-÷ nt|v¤ ¬+| -
º||- + vª-|¤ ~·|| -¸ (+ ¤|·ªi l-¤º|·| :~| ºi(=|/---¤- ~|l< +
ln¤ -=i ª·||- ¤· l-º| ¤ n - n =t·||lª-| +i
32
Exclusively for resolving NPAs, Bank has set up specialized 17 Asset
Recovery Management Branches (ARMBs) and 34 Special Asset Recovery
Cells (SARCs). Besides, following steps were taken during the year:
• "Prayaas" Staff Incentive Scheme for association of staff
members in recovery of NPAs and written off accounts.
• Engagement of Resolution Agents including Asset
Reconstruction Companies (ARCs) & honorably retired bank
officials on commission basis in accounts up to ` 1 crore.
• Comprehensive on the spot review of ARMBs and steps for
their revamp have been initiated.
• In small value NPAs up to `10 lakh, Rin Mukti Shivirs created
a favourable recovery atmosphere. During the year, 32,367
borrowers participated in 139 Shivirs resulting in cash recovery
of `48.64 crore, upgradation of 2436 accounts with balance
outstanding of `53.98 Crore and recovery of ` 22.59 crore in
Irregular accounts.
• OTS was marketed as a product for faster resolution of NPAs
and OTS in 60,524 accounts were approved.
• One to one Meeting with NPA borrowers of `1 crore and
above by FGM/at HO for quick decision on recovery/
restructuring etc.
• Targeted and freshly slipped accounts during the year were
focused for recovery.
Accounts with aggregate outstanding of `529.69 crore were
upgraded to standard category. Total cash recoveries in NPA
accounts amounted to ` 1675.43 crore. Through well defined
recovery policy, 60524 NPAs amounting to ` 1120.30 crore were
resolved through negotiated settlements. During the year 2011-
12, Bank recovered `50.65 crore out of the accounts earlier written
off. Moreover, there is an increasing trend in reduction, if the effect
of debt waiver and prudential write off is netted from the data.
a. Industrial Rehabilitation
Bank continued its efforts towards rehabilitation of potentially
viable sick units to provide the much needed relief to industrial
sector by debt restructuring. Bank has been assigned the role
of 'Operating Agency' of Board for Industrial & Financial
Reconstruction (BIFR) in a number of accounts. During 2011-
12, Draft Rehabilitation Schemes (DRS) was formulated by
the bank as 'Operating Agency' of BIFR in 03 accounts. Bank
has also implemented rehabilitation package in 1 case
sanctioned by BIFR during 2011-12.
b. Corporate Debt Restructuring (CDR)
To ensure timely restructuring of the debt of viable corporates
availing credit facilities under consortium /multiple banking,
a transparent mechanism has been formed by RBI under CDR
(-¤i( + =n|¬|- + ln¤ ~--¤ ª¤ = ¡ ~|lª- ¤=¸ni v¤¬-
z||º||¤ -·|| ª: l¤z|·| ~|lª- ¤=¸ni +-| ª·||l¤- l+¤ t :=+
~l-l·+- ¤ + - l---lnlº|- +<n ·|i -a|( t ·
• ~-¤+ ~lªn| n ¤=¸ni -·|| ¤º¸º ÷|n ª¤ º||-| n ªº|¤·
=<ª¤| + =t¤|ª + ln¤ ''v¤|='' ªº|¤· v|·=|t- ¤|¤-|
• ¡ +·|÷ -+ + º||-| n +niz|- ~|¬|· ¤· (~|·=i -·||
=-n|-¤-+ ª¤ = =¤| l-¤·- ¤+ +ln¤| =lt- l·¤|-¤¸z|-
(¤-º| +| nª|-|
• (~|·(n¤i +i n| + ¤· ·¤|¤+ =ni-|| +·-| ~| · --+ ¤ -= z|| ·|-
+ ln( +<n -a|-|
• ¡º n|º| -+ + ¤|º n¸-¤ + (-¤i( n ~-+¸n ¤=¸ni
¤|-|¤·º| - ¤|· +·- + ln( +º| nl+- lz|l¤· ~|¤|l¤- l+¤
ª¤ ¤·| + <|·|- ¡ªº lz|l¤·| n ª.ª· +lº|¤| - ·||ª ln¤|
l¤=+ ¤l·º||nª¤ª¤ :º.·: +·|÷ +i -+< ¤=¸ni t: .:ª·
º||-| +| ---¤- t~| l¤=n ·ª.ºº +·|÷ +| ¤+|¤| z|·| ·t|
~|· l-¤ln- º||-| n ...·º +·|÷ +i ¤=¸ni t:
• (-¤i( + -i¤ =n|¬|- + ln( ~|ºi(= +| -·¤|< + ª¤ n
l¤¤lº|- l+¤| ª¤| ~|· ·º·.: º||-| n ~|ºi(= ~-n|l<- l+¤|
ª¤|
• (¤·¤i(n/v¬|- +|¤| n¤ ,|·| (+ +·|÷ ª¤¤ ¤ :== ~l¬+
+ (-¤i( +lº|¤| + =|·| (+(+ +·+ ¤ a+ +·-| -|l+
¤=¸ni/¤-=·--| ~|l< t- -·+|n l-º| ¤ ln¤| ¤| =+
• ¤·| + <|·|- n-¤¤z ~|· -¤ ª¤ n (-¤i( ¤- º||-| n ¤=¸ni
+ ln( ·¤|- <-|
ª¤¤ ·.º.·º +·| ÷ +i + n ¤+|¤| ·|lz| ¤|n º||-| +| n|-+ > º|i n
---- l+¤| ª¤| ·|| ~-¤ + ~|lª- º||-| n + n -+< ¤=¸ ln¤| ¤·| +
<| ·|- ¡··.:ª +·| ÷ ª¤¤ ·ti = ¤l··||l·|- ¤=¸ ni ¤|ln=i + n|·¤n
= ¡¡.º.ªº +·| ÷ ª¤¤ +i ·|lz| + ·º·.: ~-¤ + ~|lª- º||-| +|
¤|--i- + n|·¤n = =n|¬|- l+¤| ª¤| ¤·| .º¡¡¡. + <| ·|- ¤ +
- ¤tn = ¤º¸ º ÷|n ª( º||-| n = ·º.·· +·| ÷ ª¤¤ ¤=¸ n l+(
:=+ ~l-l·+- ¤l< +º| n|¤·i ~| · l¤¤ +¤¸ º| ¤º¸ º º||-| ÷|n- +
v·||¤ +| ~| +÷ n - ¤| ÷ | ¤|( -| +ni n ¤ lz +| ªº| t
¤. =rurfn¤ ¤ªtºrr¤ªr
¤+ - +º| ¤-·=·--| ,|·| ~|¤|lª+ -|·| +| ~|¤z¤+ =t|¤-|
v<|- +·- + ln( =·||·¤ ~·|-|n ª·º| ¤¸l-º| +i ¤-·ª·||¤-|
+ v¤|= ¤|·i ·º| ¤ + +| ¤÷i = º¤| n º||-| n
¤i.~|:.(¤·~|·. +i '¤l·-|n-+|·i (¤=i' +i ·|¸ln+| l-l<·º
+i ª: t ¤·| .º¡¡¡. + <|·|- ÷|¤·º ¤-¤|= ¤|¤-|
:÷i~|·(=| ¤ + ,|·| ºª º||-| n ¤i~|: (¤·~|· +i ¤l·-|n-+|·i
(¤=i + ª¤ n -¤|· +i ª: ·|i ¤+ - ¤·| .º¡¡¡. + <|·|-
¤i~|¤·~|· ,|·| ª¤i+- º¡ n|nn n ¤-¤|= ¤+¤ +|
+|¤| l-¤- l+¤|
=r. fªnfna =¢r ¤ª=t¤ªr (=tzt=rt¸
=·|i¤/¤tl¤¬ ¤l+ª + ~-ª- +º| =l¤¬|~| +| -¤¤|ª +·-
¤|n =·||l¤- +|·¤|·º| + +º| +i =n¤ = ¤-=·--| =l-lz--
+·- + ln( ¤|·<z|i n+l--n =i÷i~|· vº||ni + ~-ª-
33
system. During the year 2011-12, 19 accounts with
outstanding of ` 2008.93 were restructured under CDR. Out
of this, PNB has been assigned the role of Monitoring
Institution in 04 accounts.
c. Debt Restructuring Mechanism for Small & Medium
Enterprises
For timely restructuring of dues of MSMEs facing genuine
problems, bank has adopted Debt Restructuring Mechanism
for Small & medium Enterprises (DRM for SMEs) on the line
of CDR since the year 2005-06. During the year 2011-12,
the Bank has restructured 171 accounts with aggregate
outstanding of ` 565.62 crore.
d. Restructuring-Others
Bank has also put in place a transparent mechanism for
restructuring of debts of potentially viable units, which are facing
temporary problems due to factors beyond their control and
which are not covered under BIFR/ CDR/DRM for SMEs. During
the year 2011-12, 273 accounts involving ` 12759.37 crore
were restructured/rescheduled under this category.
4. FOCUS ON SUSTAINABILITY
The risk management philosophy & policy of the Bank is an
embodiment of the Bank's approach to understand, measure &
manage risks. It aims at ensuring sustained growth of healthy asset
portfolio. This would entail adopting leadership approach in products
and segments well understood by the Bank and having pre-
determined risk standards of moderate to low risk level, innovative
approach in high risk areas taking limited exposure, optimizing the
return by striking a balance between the risk and the return on
assets and striving towards improving market share to maximize
shareholders' value.
a. Credit Risk
Bank has robust credit risk framework and has already placed
credit risk rating models on central server based system 'PNB
TRAC', which provides a scientific method for assessing credit
risk rating of a client. Periodic validation exercises of the
rating models are undertaken and rating migration and
default rate analysis are carried out to test robustness of
rating models. The output of the rating models is used in
decision making i.e. sanction, pricing and monitoring of credit
portfolio. Bank has set a desired portfolio distribution in terms
of Low Risk, Medium Risk & High Risk Categories and the
actual portfolio is being monitored on quarterly basis and
the same is placed to the Risk Management Committee of
the Board. Taking a step further, Bank has developed and
placed on central server scoring models in respect of retail
-¤n·¬ t ¤·| .º¡¡¡. + <| ·|- .ººº.ºª ª¤¤ +i ¤+|¤|
¤|n ¡º º||-| +| =i÷i~|· n+l--n + n|·¤n = ¤-·=·l--
l+¤| ª¤| ·|| ¤-·=·l-- º||-| n = º: º||-| n ¤i(-¤i +|
n|l-lºl·ª =ª·|| +i ·|¸ln+| l-l<·º +i ª: ·|i
n. ¬rr q¤ nª¤n sunr ¤ f¬q =¢r ¤ª=t¤ªr n¤fªºn
¤+ - ¤·| .ºº·º· = =i÷i~|· + ~-=|· n·| (¤ n·¤n
-¤n| + ln( +º| ¤-=·--| n +l-¤n +| ~¤-|¤| t :=
n +l--n + ~-ª - ¤|ª-l¤+ =nª¤|~| +| =|n-| +·- + ln(
=n¤ = ¤-=·--| =l-lz-- +i ª: t ¤·| .º¡¡¡. + <|·|-
¤+ - ª. ···.·. +·|÷ + +n ¤+|¤| ·|lz| + ¡¡ º||-| +i
¤-=·--| +i
rr. ¤ª=t¤ªr-=-¤
¤ + - -- = ·||l¤- ª¤ = -¤· =+- ¤|ni ¤¸ l-º| + +º|| +i
¤ -·= ·--| + ln( ¤|·<z|i n + l--n ·|i vª- - l+¤| t ¤| --+
l-¤ ·|º| = ¤|t· ·|º+| + +|·º| ~ª·||: =nª¤|~| +| =|n-| +·
·t t ~| · ¤ l¤-t n·| (¤ n·¤n -¤n| + ln( ¤i~|: (¤·~|·/
=i÷i~|·/÷i~|·(n + ~ -ª - +¤· -ti l+¤| ¤| =+-| ¤·|
.º¡¡¡. + <| ·|- ¡.·º.ª +·| ÷ ª¤¤ +i ·|lz| + .ª º||-|
+| := > º|i + ~ -ª - ¤ -·= ·l--/¤ -·l-¬| l·- l+¤| ª¤| ·||
+. ªtrr¤r¬tªar ¤t ¤·r¤=
¤ + +i ¤| lº|n v¤ ¬- <z| - (¤ -il- ¤ + + < l·º+| º| +| n¸ - ª¤
t l¤== -¤|¤| +| =n¤| ¤| =+ (¤ ¤| lº|n| +| v¤ ¬- l+¤| ¤|
=+ -·|| < ªª- ~|lª- ¤| º ¤·| ln¤| + l¤+|= +| = l-lz-- +·-
+| n-¤ ¤|¤| ¤| =+ ¤t ¤ + ,|·| = l¤a -·¤|<| -·|| º| ÷| n
- - ·¤ < l·º+| º| +| ~¤-|- + ln( ~l- ~|¤z¤+ t| ª| ~| · +n
¤| lº|n ª-· + ln( = - n- + ¤¸ ¤ l-¬| l·- ¤| lº|n n|-+ t| ª
--- ¤| lº|n -| ·|| n =iln- (+=¤| ¤ · t| ª ¤| lº|n (¤ l·º- +
¤i- = - n- -·¤-- t| ª| ~| · z| ¤·¬|·+ n¸ -¤ +| ~l¬+-n +·-
+ ln( ¤|¤|· z| ¤· n = ¬|· t - v¤|= +·- + ln( ~|¤z¤+
t| ª|
¤. =¢r ¬rf=rn
¤ + - + l÷º ¤| lº|n ¤· n¤+ +| n¤¤¸ - l+¤| t ~| · + -:i¤
=¤ · ~|¬|l·- vº||ni ¤i(-¤i º + ¤· + l÷º ¤| lº|n n¸ -¤| +-
n| ÷n| +| vª- - l+¤| t ¤| ª |t+ + + l÷º ¤| lº|n n¸ -¤| +- +
ln¤ ¤ a|l-+ ~|¬|· -¤n·¬ +·-| t n¸ -¤| +- n| ÷n| +
~|¤l·|+ ¤ ¬-| v¤| ª +| ~|· ·| l+¤| ª¤| t ~| · n¸ -¤| +- v¤=-
-·|| -¸ + <· l¤zn ·|º| n¸ -¤| +- n|÷n| + = - n- + ¤·i-|º| +
ln¤ +|¤| l-¤- l+¤ ¤|- t n¸ -¤| +- n| ÷n| +| ~|-º¤ º ¤ +
+i l-º| ¤ -|n-| ~·|| -¸ +º| ¤| º ¤·| ln¤| +i n ¤¸ ·i v|:l= ª -·||
n| l-ºl· ª n v¤ +- l+¤| ª¤| t ¤ + - +n ¤| lº|n n·¤n
¤| lº|n -·|| --- ¤| lº|n > lº|¤| + ~- =|· ¤|l¤- ¤| º ¤·| ln¤|
l¤-·º| ª·||l¤- l+¤| t -·|| ¤|ª-l¤+ ¤| º ¤·| ln¤| l-n|ti ~|¬|·
¤· n| l-º· l+¤| ¤|-| t ~| · -= ¤| ÷ +i ¤| lº|n v¤ ¬- =lnl-
+ =n-| vª- - l+¤| ¤|-| t := l<z|| n ~|· ~|ª ¤·- t ( ¤ +
- l·º n ¤ l+ ª -·|| (=(n: -| ·| + ~lª n| + = ¤ ¬ n = -º n
=¤ · + l÷º ª+| l· ª n| ÷n +| l¤+l=- +·- t ( -= vª- - l+¤|
34
banking and SME sector advances. These processes have
helped Bank to achieve quick & accurate delivery of credit,
bring uniformity in the system and facilitate storage of data
& analysis thereof. The scoring model for farm sector has
also been developed.
b. Market Risk
Bank has in place a well defined organizational structure for
market risk management functions, which looks into the process
of overall management of market risk viz. interest rate risk,
foreign exchange risk, liquidity risk and implements
methodologies for measuring and monitoring the same. Tools
like stress testing, duration, modified duration, VaR etc are being
used effectively in managing risk in the treasury operations.
Asset Liability Management (ALM) of the Bank is done on
proactive basis to manage any eventuality. Although liquidity
position in the system remained tight during the year, Bank
managed to tide over the situation by proactive liquidity
management using various prescribed tools like Repo etc. The
liquidity situation of the bank is now comfortable. With Core
Banking Solution (CBS) covering entire branch network, ALM
in respect of all assets and liabilities is being done on daily
basis. Moreover, fixation of BPLR/Base rate and interest rates
in respect of assets and liabilities products is done on scientific
basis. The bank has moved from BPLR to Base Rate System
for pricing of fresh loans/renewals of existing with effect from
01.07.2010.
c. Operational Risk
Bank has in place a well defined organizational structure for
operational risk management functions, which looks into the
process of overall management of operational risk. Bank has
robust operational risk management (ORM) framework with
a well-defined ORM Policy. Bank is identifying, measuring,
monitoring and controlling/ mitigating the operational risk
by analyzing historical loss data, Risk & Control Self Assessment
Surveys (RCSAs), Key Risk Indicators (KRIs) and Scenario
Analysis etc. Bank has also introduced an online Op-Risk
Solution under Enterprise wide Data Warehouse Project and
placed it on central server to take care of various aspects of
data capturing and management information system at various
levels.
d. New Capital Adequacy Framework
Bank has migrated to New Capital Adequacy Framework
(NCAF), popularly known as Basel II w.e.f March 2008 and
approaches prescri bed by the ' Regul ator,' namel y
Standardized Approach under Credit Risk and Basic Indicator
Approach under Operational Risk have been implemented.
Standard Duration Approach for Market risk has also been
adopted for Market Risk. As per RBI guidelines, relevant
t :- vl+¤|~| = ¤ + +| =t|¤-| lnni t l+ +º| +i -·+|n
(¤ =ti l÷ni¤·i = l-lz-- +i ¤| =+ l=ªºn n (+ª¤-| n|:
¤| =+ (¤ ÷|º| +| ªº| · ¤ (¤ -=+| l¤zn ·|º| l+¤| ¤| =+
¤·|n -| ·| + ln¤ ª+| l· ª n| ÷n +| ·|i l¤+l=- l+¤| ª¤| t
=r. ¤r¬rt ¬rf=rn
¤ + - ¤|¤ |· ¤| lº|n v¤ ¬- +|¤| + ln( = ¤l··||l·|- = ªa-|·n+
=·--| l¤+l=- +i t ¤| ¤|¤|· ¤|lº|n ~·||-¸ ·¤|¤ <·
¤|lº|n l¤<z|i l¤l-n¤ ¤|lº|n -·n-| ¤|lº|n + =n¸- v¤·|-
+i vl+¤| +| <º|-| t ~|· -=+ n¸-¤|+- (¤ n|l-ºl·ª +i
vº||ln¤| +| +|¤|l-¤- +·-| t <¤|¤ ¤·i-|º| ~¤l¬ =z||l·|-
~¤l¬ ¤i(~|· ¤= -¤+·º|| +| º¤·i ¤l·-|n-| n ¤|lº|n|
+| v¤-¬- +·- n v¤+- l+¤| ¤| ·t| t
¤ + +i ~|lª- <¤-| v¤¬- l+=i v+|· +i =·||·¤-| +i
·¤¤ª·|| + ln¤ ~ª =l+¤ ~|¬|· ¤· l+¤| ¤|-| t ¤¤l¤
vº||ni n -·n-| lª·|l- ¤·| + <|·|- +la- ·ti -·||l¤ ¤+ -
·¤| ~|l< ¤= l¤l·|-- l-¬|l·- -¤+·º|| + n|·¤n = ¤+ +i
-·n-| lª·|l- ~¤ ~ª =l+¤ -·n-| v¤¬- + ¤l·¤ lª·|l- +i
·¤¤ª·|| +i ¤ + +i -·n-| ~-¤i lª·|l- n t =n¸- z||º||
-º¤+ +| +¤· +·- ¤|n +|· ¤l+ª =|-¤¸z|- :=i¤i(=|
=·|i ~|lª-¤| (¤ <¤-|~| + =¤¬ n ~|lª- (¤ <¤-| v¤-·|-
< l-+ ~|¬|· ¤· l+¤| ¤| ·t| t :=+ ~n|¤| ~|lª-¤| (¤
<¤-|~| -·¤|<| + =¤¬ n ¤i¤i(n~|·/¤= <· -·|| ·¤|¤ <·|
+| l-¬|·º| ¤a|l-+ ~|¬|· ¤· l+¤| ¤|-| t ¤+ - ¡ ¤n|:
.º¡º = -( +º|| +i v|:l=ª/n|¤¸<| +º|| + -¤i+·º| + ln(
¤i¤i(n~|· = ¤= <· vº||ni n ¤l·¤-- +· l<¤| t
n. ¤ft¤r¬ªna ¬rf=rn
¤ + - ¤l·-|n-ª- ¤| lº|n v¤ ¬- +|¤| t - = ¤l··||l·|-
= ªa-|·n+ ·| -| ª·||l¤- l+¤| t ¤| ¤l·-|n-ª- ¤| lº|n +
=nª v¤ ¬- +i vl+¤| +| < º|-| t ¤ + + ¤|= n¤¤¸ -
¤l·-|n-ª- ¤| lº|n v¤ ¬- + n¤+ ~| · = ¤l··||l·|- ~| ~|·(n
¤| ln=i t ¤ + ¤·¤ ·|ª- t|l- ÷|º| + l¤zn ·|º| ¤| lº|n ~| ·
l-¤ ·|º| ª¤l-·|| ·º| =¤ -|º| :~|·=i(=((=| nt·¤¤¸ º| ¤| lº|n
=¸ -+| :+ ~|·~|: (=| ~| · ¤l·< z¤ l¤zn ·|º| ,|·| ¤l·-|n-ª-
¤| lº|n| +i ¤t-|- ~- n|- l-ª·|-i ~| · l-¤ ·|º|/~-¤i+·º|
+· ·t| t ¤ + - : º·v|:¤ ¤|:÷ ÷ º| ¤ ¤·t|-= v| ¤ +º +
~ -ª - (+ ~| -n|:- ¤l·-|n-ª- ¤| lº|n =| -¤¸ z|- ·|i n|ª¸
l+¤| t ~| · ÷ º| + --l· ª + l¤l·|-- ¤tn ~| ~| · l¤l·|--
ª-·| ¤· v¤ ¬ =¸ --| vº||ni +| ·¤|- ·º|- + ln( -=
+ -:i¤ =¤ · ¤· ·º|| t
rr. ª¤r ¤¸¬t ¤¤rtaar zr¤r
¤+ - n|- .ººº = -( ¤¸¤i ¤¤|---| ·|--=i((¤·| ¤|
l+ =|n|-¤-¤| ¤ =nII + ª¤ n ¤|-| ¤|-| t n ~-l·- l+¤|
t l¤l-¤|n+ ,|·| l-¬|l·- <l·º+|º| ~·||-¸ +º| ¤|lº|n +
~-ª- n|-+i+- <l·º+|º| ~|· ¤l·-|n-·n+ ¤|lº|n + ~-ª-
n¸n =+-+ <l·º+|º| +| +|¤|l-¤- +· l<¤| ª¤| t ¤+ -
n|+º ¤|lº|n + ln( n|-+ ~¤l¬ <l·º+|º| +| ~¤-|¤| t
·||·-i¤ l·¤¤ ¤+ + l<z||l-<z|| + ~-=|· ~|-l·+ ¤¸¤i
35
policies such as Policy for Internal Capital Adequacy
Assessment Process (ICAAP), Disclosure Policy, Credit Risk
Mitigation & Collateral Management Policy and Policy on
Stress testing have been implemented. Bank is gearing itself
to adopt the advanced approaches in due course of time
under different risks and the estimation of various risk
elements is already in progress. Bank has already got an
approval for migration to "The Standardized Approach" under
Operational Risk on parallel run basis. Our Bank is the first
bank in India to get this approval. Necessary preparation for
mi grati ng to Advanced Measurement Approach of
Operational Risk is also underway. Consequent to RBI's final
guidelines on Implementation of the Internal Rating based
(IRB) approach for calculating credit risk capital charge, gap
analysis in respect of minimum regulatory requirements vis-
à-vis Bank's preparations has been carried out and necessary
action has already been initiated.
5. INTERNATIONAL BUSINESS
Bank' s total Forex turnover from Exports, Imports and
Remittances grew to `1,21,259 crore in FY 2012. Bank has 184
branches authorized for handling foreign exchange business
(including two Foreign Exchange Offices) which are provided
wi th Soci ety for Worl dwi de Interbank Fi nanci al
Telecommunication (SWIFT) connectivity. Over 454 banks
worldwide have been approved to facilitate trade transactions
of our clients. Besides, Bank is having 9 specialized International
Banking Branches (IBBs) at important centres for dedicated
services to our exporter/importer clients. An International Service
Branch and a Centralized Back Office for Trade Finance at Delhi,
have also been set up to expeditiously handle all foreign inward
remittances and to perform back end activities relating to forex
transactions of branches, respectively. To facilitate International
travel, Bank has launched "World Travel Card" which is a prepaid
card denominated in USD, GBP and EURO.
Bank has set up Exchange Bureaus at important tourist centres to
facilitate encashment of foreign currency notes/travellers cheques
to foreign tourists/NRIs. Besides, Bank is having Rupee Drawing
Arrangements (RDA) with 31 Exchange Houses in Gulf countries
and two in Singapore to facilitate remittances from NRIs. In addition,
the Bank has web based remittance arrangements under Money
Transfer Service Scheme (MTSS) for Xpress Money, Money Gram,
Buy India online.com inc, USA(Xoom.com), Ezremit and Western
Union.
6. TREASURY OPERATIONS
The yield on sovereign bonds hardened across the curve during
major part of the year due to series of policy rate hikes, higher
inflation and tighter system liquidity. Besides, equity market
remained in the negative territory. Throughout the year, Bank
actively traded in sovereign bonds, Non- Statutory Liquidity Ratio
¤¤|---| l-¬|·º| vl+¤| :~|:=i((¤i| t- ¤|ln=i v+º-
¤|ln=i +º| ¤|lº|n ~-¤i+·º| (¤ =¤|lz¤+ v¤¬- ¤|ln=i
~|· <¤|¤ ¤·i-|º| ¤· ¤|ln=i ¤=i =ª- ¤|lnl=¤| +| ¤|÷ ,|·|
~- n| l<- l+¤| ª¤| t ~| · ~¤ +|¤| l-¤- +· l<¤| ª¤| t ¤ +
l¤l·|-- ¤| lº|n| + v¤ ¬- + ln( ---- < l·º+| º| +| ~¤-|- ¤·
+|¤ +· ·t| t ~| · l¤l·|-- ¤| lº|n| + ~|+n- +| +|¤ -n ·t|
t ¤ + - ¤tn ti ¤l·-|n-ª- ¤| lº|n + ~ -ª - ''n|-+i+ -
< l·º+| º|'' n ~ -·º| t - ~- n| <- v|-- +· ln¤| t tn|·| ¤ +
·||·- n ¤tn| ¤ + t l¤=- ¤t ~- n| <- v|-- l+¤| t ¤l·-|n-ª-
¤| lº|n + ---- ¤l·n|¤- < l·º+| º| + ¤l·¤- - t - ~|¤z¤+
- ¤|·i +i ¤| ·ti t +º| ¤| lº|n ¤¸ ¤i v·||· +| ¤l·+n- +·-
+ ln( ~|- l·+ <· l-¬| ·º| ~|¬|l·- :~|: ~|·¤i| < l·º+| º| +
+|¤| -¤¤- + =-¤-¬ n ·||·-i¤ l·¤¤ ¤ + + ~ l-n l<z||l-< z||
+ ¤l·º||nª¤ª¤ -¤¸ --n l¤l-¤|n+ ~¤ -||~| ¤-|n ¤ + +i
-¤|l·¤| + ¤|· n ~ -·|n l¤zn ·|º| l+¤| ª¤| t ~| · ~|¤z¤+
+|·¤|: ¤tn +· ni ª: t
s. =-atrrºt¤ ¤rtr¤rt
¤+ + l-¤|- ~|¤|- ~|· ¬-¤·|º| = =+n l¤<z|i n:| º-~|¤·
l¤-||i¤ ¤·| .º¡. n ª. ¡.¡.·º +·|÷ ·t| l¤<z|i n:| n-<- +
ln( ¤+ - ¡º: z||º||~| +| v|l¬+- l+¤| t ::-n . l¤<z|i n:|
+|¤| n¤ ·|i z||lnn t | l¤-n lª¤+º +-l+ºl¤ºi + ln( =|=|:ºi
+i =l¤¬| -¤n·¬ +·|: ª: t ¤+ - ~¤- ª|t+| +| ·¤|¤|l·+
n-<- +i =l¤¬| v<|- +·- + ln( l¤z¤·|· n :·: = ~l¬+
¤ +| +| ~- n| l<- l+¤| t :=+ ~l-l·+- ¤ + - ~¤- l-¤| -+/~|¤|-+
ª|t+| +| =nl¤- =¤| v<|- +·- + ln( <z| + vnº| +-:| n º
l¤z|·| ~-·|·ºi¤ ¤l+ª z||º||( :~|:¤i¤i| ·|i ª·||l¤- +i t ¤+ -
l<-ni n ·¤|¤|· l¤-| t- (+ ~-·|·ºi¤ =¤| z||º|| ~|· (+
+-:i¤+- ¤+ ~|l¤·= º||n| t -|l+ =·|i l¤<z|i l¤v·|º|| +| z|i·|-|
= =-|ln- l+¤| ¤| =+ ~| · l-¤| -/~|¤|- <ª-|¤¤| +i vl+¤| +|
-i¤-| = l-¤º|¤| ¤| =+ ~--·|·ºi¤ ¤|·|| +| =l¤¬|¤-+ ¤-|- +
ln( ¤+ - ''¤-÷ º¤n +|÷'' ~|··| l+¤| t ¤| ¤¸(=÷i ¤i¤i¤i
~|· ¤¸·| n¸-¤¤ª n (+ ¤¸¤ v<-| +|÷ t
¤ + - l¤< z|i ¤¤ º+| /~l-¤|=i ·||·-i¤| +| l¤< z|i n :| -| º/¤|·|i
- +| +| ·| -|- +i = l¤¬| v<|- +·- + ln( vn º| ¤¤ º- + -:|
n (+=- ¤ ·¤¸ ·| ª·||l¤- l+( t :=+ ~l-l·+- ¤ + - ~l-¤|=i
·||·-i¤| ,|·| ·| ¤i ¤|- ¤|ni ·+n| +| = ªn ¤-|- + ln(
l= ª|¤ · n <| ~| · n·¤¤¸ ¤ < z|| n ª¡ l¤< z|i l¤l-n¤ ª t| +
=|·| ª¤¤| ~|t·º| ·¤¤ª·|| :~|·.÷i.(.| z| ª +i t :=+ =|·|
ti (+=v = n-i n-iª |n ¤|¤ : l÷¤| ~| - n|:- ¤¸ (=(
+=~| ~| (n.+| n| : ¤ ÷l·lnº ~| · ¤ ªº- ¤¸ l-¤- + ln( n :|
~ -·º| = ¤| ¤| ¤-|nºi(=(=| + ~ -ª - ¤ + + ¤|= ¤ ¤
~|¬|l·- l¤v ·|º| ·¤¤ª·|| t
e. ¤rrr ¤ft¤r¬ª
-il- <· n ¤lz --- n:|ª¤·il- ~| · +÷i l=ªºn -·n-| +i =il·¤
+ +|·º| ¤·| + nº¤ ·||ª + <|·|- ~|¤ ¤l·¤-- = =·+|·i ¤|÷|
+i ~|¤ +n t| ª: :=+ ~l-l·+- :l+¤ºi ¤|¤|· -+|·|·n+ -|·| n
¤-| ·t| ¤¸· ¤·| + <|·|- ¤+ - =·+|·i ¤|÷| ª·=|l¤l¬+ -·n-|
~-¤|-=(n~|·| ¤|÷| ~| · :l+¤ºi n =l+¤ ª¤ = ·¤|¤|·
36
(Non-SLR) bonds and equities. Bank's gross investments rose by
28.9% (YoY) to `1,23,147 crore as at the end of 31st March 2012.
While investment in SLR segment registered a growth of 25.3%,
Non-SLR investment increased by 47.21%. For the FY 2011-12,
Income on investment portfolio grew by 36.43% to `7692 crore.
During the year, average yield on investment was 7.57% as against
the 7.09% in 2010-2011. The liquidity position of the Bank was
generally comfortable throughout the FY 2011-2012 with Bank
complying the requirements of CRR/SLR as stipulated by RBI.
7. BUSINESS DIVERSIFICATION
Mutual Fund: Bank is distributing and marketing Mutual Fund
products of Principal- PNB AMC & UTI AMC. During FY 2011-12,
Bank earned brokerage to the tune of ` 2.27 crore.
Gold Coin Business: Under the Gold Coin scheme, Bank is presently
selling gold coins of 2gm, 5gm, 8gm, 10gm & 20gm. During
2011-12, Bank sold 78,599 gold coins weighing 577 Kg as against
30,325 coins weighing 206 Kg last year. During 2011-12, Bank's
earning from sale of Gold Coins more than doubled by 218% to
`7.16 crore.
Insurance Business: During FY 2011-12, Bank has mobilized Life-
Insurance business as a Corporate Agent of Life Insurance
Corporation of India (LIC) till 28th September 2011 and thereafter
with M/s MetLife India Insurance Co. Ltd. w.e.f. 13th October
2011. During FY 2011-12, aggregate premium collection under
both the tie-ups grew YoY by 152% to ` 287 crore from 64898
policies. Bank's earnings from Life-Insurance business grew by a
robust 213% to ` 21.2 crore.
For Non-Life Insurance business, under tie-up with Oriental
Insurance Co. Ltd, premium collection amounted to ` 107.5 crore
from 3.53 lac policies. From this, Bank earned a revenue of
`12.06 crore during 2011-12, showing a growth of 88%.
Depository Services: Bank is providing Depository Services as
Depository Participants of NSDL through 659 authorized branches
covering 259 centers across India. Bank has earned an income of
`119 lakh in 2011-12 as against `95.17 lakh in 2010-11 for
providing Depository Services.
On line trading facility: Online trading facility is being provided
through Bank's Alliance Partners and referral income of `40 lakh
has been received from Online Trading Activities in 2011-12 as
against `55.76 lakh during 2010-11.
Merchant Banking: As Category-I Merchant Banker, Bank has
handled 6 assignments as "Banker to the Issue" and 106
assignments of Dividend Payment/Interest Payments during the
financial year 2011-12. Besides this, Bank has handled 4
assignments of Monitoring Agency and 25 assignments of
l+¤| ª¡ n|- .º¡. +| ¤+ +| =+n l-¤z| ¤·||-¤·| ~|¬|· ¤·
.º.º· +i ¤lz + =|·| ¤·+· ª¤( ¡.ª¡: +·|÷ t| ª¤| -·||l¤
(=(n~|· =ªnº n l-¤z| n .·.ª· +i ¤lz t: ª·(=(n ~|·
l-¤z| n :..¡· +i ¤lz t: l¤·- ¤·| .º¡¡¡. + ln( l-¤z|
¤|º¤·|ln¤| n ~|¤ n ª·.:ª· +i ¤lz + =|·| ·º. +·|÷ ª¤¤
t| ª: ¤·| + <|·|- l-¤z| +i ~|=- ~|¤ .º¡º.º¡¡ n .ºº· +
l¤ªz .·· ·|i ¤ + +i -·n-| lª·|l- =|n|-¤-¤| ¤¸· l¤-| ¤·|
.º¡¡¡. n ~-¤i ·ti +¤| l+ ¤ + - ·||.l·.¤ . ,|·| l-¬| l·-
=i~|·~|·/(=(n~|· +i ~¤-||~| +| ¤¸·| l+¤|
z. ¤rtr¤rt f¤f¤¤t¤t¢r
r¤¸ ¤ =¬ ¤· z. ¤+ lv=i¤n ¤i(-¤i ((n=i + -¤¸-~n ¤·÷ -·¤|<|
+ =|·|=|·| ¤¸ºi~|: ((n=i -·¤|<| + l¤-·º| ~|· n|+lºª +|
+|¤ +· ·t| t -·|| ¤·| .º¡¡¡. + <|·|- ¤+ - ¤|+·¤ + ª¤
n ... +·|÷ ª¤¤ +i ~|¤ ~l¤ - +i
=r ª ¤ f=¤¤r ¤r ¤rtr ¤rt. =| - + l=++| ¤| ¤-| + ~ -ª - ¤- n|-
n ¤ + . ª |n · ª |n º ª |n ¡º ª |n ~| · .º ª |n + =| - + l=++|
+i l¤+i +· ·t| t ¤ + - ¤·| .º¡¡¡. + <| ·|- · l+.ª |. +
º·ºº =| - + l=++| +i l¤+i +i ¤¤l+ ª- ¤·| n .º· l+.ª |. +
ªºª.· =| - + l=++| +i l¤+i +i ª: ·|i ¤·| .º¡¡¡. n =| -
+ l=++| +i l¤+i = ª¤¤ .¡· +·| ÷ +i ~|¤ t : ¤| .¡º· +i
¤ lz + =|·| <| ª - = ·|i ~l·|+ t
¤tnr ¤rtr¤rt. ¤·| .º¡¡¡. + <|·|- ¤+ - .º l=--¤· .º¡¡ -+
·||·-i¤ ¤i¤- ¤in| l-ªnn~|: =i| + l-ªln- (¤ºº + ª¤ n
~|· -=+ ¤|< ¡ª ~+-¸¤· .º¡¡ = n== nºn|:¤· :l÷¤| :z¤|·z|
+-¤-i lnlnº÷ + =|·| ¤i¤- ¤in| +|·|¤|· =ªlt- l+¤| t l¤·-
¤·| .º¡¡¡. + <|·|- <|-| -|nnn| + ~-ª- =+n viln¤n
=ªtº| +i ·|lz| ¡·.· +i ¤·| <· ¤·| ¤lz + =|·| .º +·|÷ ª¤¤
·|i l¤-n ·:ººº ¤|lnl=¤| t ¤+ +i ¤i¤- ¤in| +|·|¤|· = ~|¤
.¡ª· +i ~-¤i ¤lz + =|·| .¡.. +·|÷ ·|i
~|l·(ººn ¤in| +-¤-i lnlnº÷ + =|·| -|nnn ·¤¤ª·|| + ~-ª -
ª · ¤i¤- ¤in| +|·|¤|· +i viln¤n =ª tº| +i ·|lz| ª.·ª n|º|
¤|lnl=¤| = ¡º.· +·|÷ ·|i :== ¤ + +i ·|¤ª¤ ~|¤ .º¡¡¡.
+ <|·|- ¡..º· +·|÷ t: l¤=n ºº· +i ¤lz t:
fz¤rf¬ºtt =¤rq. ¤+ ··º v|l¬+- z||º||~| + n|·¤n = ¤¸· ·||·-
n .·º +-:| n (-(=÷i(n + l÷¤|l¤º·i =t·||lª¤| + ª¤ n
l÷¤|l¤º·i =¤|( v<|- +· ·t| t ¤+ - l÷¤|l¤º·i =¤|( v<|- +·-
+ ln( ¤·| .º¡¡.º¡. n ¡¡º n|º| +i ~|¤ ~l¤ - +i t ¤¤l+
¤t .º¡º¡¡ n º·.¡ n|º| ·|i
=rª ¬r;ª ºfzn =f¤¤r. ¤ + + (n|¤z| ·||ªi<|· + n|·¤n =
~|- n|:- ºl÷ª =l¤¬| v<|- +i ¤| ·ti t ~|· ¤·| .º¡¡¡. n
~|- n|:- ºl÷ª +|¤+n|¤| = :º n|º| ª¤¤ ·¤··n ~|¤ v|-- t:
¤|l+ .º¡º¡¡ + <| ·|- ¤t ··.· n|º| ª¤¤ ·|i
n¤º ¤f¤n. >º|i¡ + n-º ¤+· + ª¤ n ¤+ - l¤-|i¤ ¤·|
.º¡¡¡. + <|·|- ''¤+= º¸ l< :z¤¸'' + ª¤ n º· +|¤| +| ¤¸·|
l+¤| t ~|· n|·||z| ·|ª-|-/l·¤·÷ ~|÷· ~|l< + ¡º· +|¤| +| ¤¸·|
l+¤| t :=+ ~l-l·+- ¤+ - n|l-ºl·ª (¤=i + : +|¤ ~|·
l÷¤-· -¤|=i + .· +|¤ =-|ln- l+¤ t ¤+ =-¤· =ºi¤·|:÷
37
Debenture Trustee. The Bank is registered with SEBI as Self
Certified Syndicate Bank (SCSB) and its select branches are offering
the facility of submitting applications in public issue through the
Application Supported by Blocked Account (ASBA) process. This
facility is also offered online.
Cash Management Services: Bank's Cash Management Services
(CMS) is a value-added product for Corporates that provides
customized & enriched services, facilitating reconciliation of their
accounts related to their Collections/ Payments. The range of
services available under CMS includes collection of cash & all types
of cheques, NEFT / RTGS services, DD Drawing arrangement, Pay-
fee services etc. CMS facility is offered to educational institutions
through 'PayFee'. During the year, 156 customers have opted for
CMS services, while 410 educational institutes have availed PayFee
service.
Door step Banking: Under the facility of Door Step Banking, cash
is picked up from the premises of the customer. Door step banking
is currently being provided to about 633 customers and has helped
in garnering Current Account business.
DD Drawing Arrangement: Bank has also entered into DD
Drawing arrangements with several foreign Banks, under which,
apart from the revenue income from commissions earned, the Bank
also enjoys substantial float in current account.
Credit Card: Bank has been issuing two types of credit cards i.e.
Gold & Classic to its customers. For meeting the needs of
Corporates, Bank has launched Corporate Credit Cards with
Corporate Liability in April 2011 and also issued co-branded cards.
So far approximately 1, 03,000 Credit Cards have been issued.
Merchant Acquiring Business: In line with the changing banking
scenario and increasing use of 'Cards' for making payments towards
various services/shopping etc., Bank has launched 'PNB Biz' -
Merchant Acquiring Business through installation of Point of Sale
(PoS)/GPRS Terminals and Integration of Internet Payment Gateway
(Debit/Credit Cards). As on date over 5600 POS terminals have
been installed and 27 Internet Payment Gateways have been
integrated.
Scheme for advance against Future Card Receivables: In order
to meet the fund requirements of merchant establishments for
business needs, the Bank has launched a Scheme for advance against
future card receivables in March 2012. The Objective of the Scheme
is to enhance Bank's retail assets base by providing Term Loan against
future 'card receivables' to Merchant Establishments.
8. TRANSACTION BANKING
During the year 2011-12, several new products/facilities related
to receipts/payments and other aspects of day-to-day banking were
introduced under alternative delivery channels in order to provide
easy and customer friendly world class products to our customers.
l=l÷+º ¤+ + ª¤ n (=:¤i~|: n ¤¤i+- t ~|· (-ni+z|-
=¤|lº ÷ ¤|¤ ·n|+÷ (+|-º(=¤i(| vl+¤| + n|·¤n = ~¤-i
-l-<| z||º||~| + ,|·| =|¤¤l-+ l-ªn :~|:¤i~|/¤i¤i~|/·|:º :z¤¸|
n ~|¤<- vª-- +·- +i =l¤¬| v<|- +· ·t| t ¤+ ¤t =l¤¬|
~|- n|:- ·|i < ·t| t
ª¤ªt ¤¤¤ª =¤rq. ¤+ +i -+<i v¤-¬- =¤|( l-ªln- ª|t+|
+ ln( n¸-¤ =-¤l-¬- -·¤|< t ¤| +ªºn|:-÷ ~|· ~-¤i =¤|(
v<|- +· ·t| t l¤=+ ,|·| --+i ¤=¸ln¤|/·|ª-|-| = =-¤l-¬- --
nº|| + lnn|- n =l¤¬| v|-- t|-i t =i(n(= + ~-ª- -¤n··|
=¤|~| +i >º|i n -+<i +i v|l-- ~|· =·|i v+|· + -+|
(-¤·ºi/~|·ºi¤i(= =¤|( ÷i ÷i ~|t·º| ·¤¤ª·|| ·|ª-|- z|-+
=¤|( ~|l< z||lnn t =i(n(= =l¤¬| ·|ª-|- z|-+ + n|·¤n =
z|-|lº|+ =ª·||~| +| vª-- +i ª: t ¤·| + <|·|- ¡·· ª|t+| -
=i(n(= =l¤¬|( v|-- +i t ¤¤l+ :¡º z|-|lº|+ =ª·||~| - ·|ª-|-
z|-+ =¤| +| v|-- l+¤| t
zrt tº¤ ¤f¤n. ÷|· ªº¤ ¤l+ª + ~-ª- -+<i ª|t+ + ¤l·=·|
= ni ¤|-i t := =n¤ ÷|· ªº¤ ¤l+ª nª·|ª ·ªª ª|t+| +| <i
¤| ·ti t ~|· -|n¸ º||-| +|·|¤|· (+·| +·- n =t|¤+ t: t
ztzt =rrt¢r ª¤¤tºrr. ¤+ - ~-+ l¤<z|i ¤+| + =|·| ÷i÷i
~|t·º| ·¤¤ª·|| ·|i +i t l¤=+ ~-ª - ~l¤ - +niz|- = ·|¤ª¤
~|¤ + ~l-l·+- ¤ + +| -|n¸ º||- n ¤¤| -- -n l-l¬ ·|i v|--
t|-i t
a fzº ¤rz . ¤ + ,|·| <| v+|· + + l÷º +|÷ ~·|| -¸ ª| -÷ ~| ·
+n|l=+ ~¤- ª |t+| t - ¤|·i l+¤ ª¤ +|·¤| · º +i ~|¤z¤+-|~|
+| ¤¸ ·| +·- + ln( ¤ + - ~v n .º¡¡ n +|·¤| · º < ¤-| =lt-
+|·¤| · º + l÷º +|÷ z| ª l+¤| ª¤| t ~| · =t¤ | l÷º +|÷ ·|i
¤|·i l+¤| ª¤| t ~¤ -+ ¡ºªººº + l÷º +|÷ ¤|·i l+¤ ¤|
- + t
n¤ º =f¤n r¢r ¤rtr ¤rt. ¤<n- ¤ l+ª ¤l·<z¤ ~| · l¤l·|-- =¤|~|/
z||l¤ª ~|l< + ln( ·|ª-|- +·- + ln( +|÷| + ¤·- v¤|ª +|
·¤|- n ·º|+· ¤+ - '¤i(-¤i l¤¤' z|ª l+¤| t l¤=+ ~-ª-
l¤+¤ +-: :¤i~|(=|/¤i¤i~|·(= ºln-n +i ª·||¤-| ~|· :º·-º
·|ª-|- ªº¤ :÷l¤º/+l÷º +|÷| + (+i+·º| + n|·¤n = n-º
~l¬ª tº| +|·|¤|· l+¤| ª¤| t ~¤ -+ ··ºº ¤i~|(= ºln -n
ª·||l¤- l+¤ ª¤ t ~|· . :º·-º ·|ª-|- ªº¤ (+i+- l+¤ ª¤ t
¤rz ¤t +rr¤t ¤rt¤ trfrr¤r ¤ f¤=q =fnn ¤r¬ªr. +|·|¤|·
~|¤z¤+-|~| +i n-º ª·||¤-|~| +i l-l¬ +i ~¤-||~| +| ¤¸·|
+·- + ln( ¤+ - n|- .º¡. n +|÷ +i ·||¤i v|-¤ ·|lz|¤| +
l¤ªz ~lª n t- (+ ¤|¤-| z|ª +i t := ¤|¤-| +| -ªz¤ n- º
ª·||¤-|~| +i ·||¤i +|÷ v|-¤·|lz|¤| + l¤ªz ln¤|<i +º| ¤<|-
+·- + ,|·| ¤+ +i º|<·| ~|lª- ~|¬|· +| ¤·|-| t
s. ºr¬¤rrª ¤f¤n
¤·| .º¡¡¡. + <|·|- v|l--¤|/·|ª-|-| = =-¤l-¬- ~-+ -¤
-·¤|<| /= l¤·||~| ~| · l<-vl-l<- + ~-¤ ¤ l+ ª ¤tn¸ ~| +| ¤ +l-¤+
l÷ni¤·i --n| + ~-ª- z|ª l+¤| ª¤| -|l+ tn|· ª|t+| +|
~|=|- ~|· ª|t+~-+¸n l¤z¤>º|i + -·¤|< v<|- l+¤ ¤| =+
38
In tune with commitment of the Bank to promote Alternative
Delivery Channels. Bank added 959 ATMs during the year, taking
the total ATM network to 6009 ATMs at the end of
March 2012. Similarly, during the financial year 2011-12, more
than 36 lakh new ATM/Debit Cards were issued, taking the total
base of ATM/Debit Card holders to about 170 lakh. Bank's base of
Internet Banking Users also showed a growth of over 3.60 lakh
users, bringing the total number of Internet Banking Users to over
16.80 lakh. Mobile Banking is another such facility that has
generated considerable interest amongst the customers of the Bank.
During the FY 2011-12, Bank's debit card transactions registered
an increase of more than 16% with an addition of more than
53 lakh transactions. Debit card transaction undertaken at Point of
Sale (POS) terminals and internet grew by over 93%. The average
number of internet based transactions per day at the end of
March 2012 registered a YOY growth of over 42%.
During FY 2011-12, Bank has introduced the PNB Suvidha Pre Paid
Card, which is a very versatile Card, with all the basic features of a
Debit Card and thresold limit of `50000/-. These cards can be
purchased by customers of other Banks also.
Back Office Operations
The system of Centralized Solutions has been introduced to
improve the efficiency of customer service as well as to release
the pressure from branches. Towards this end, activities like
opening of Back Offices to look after the processes of inward and
outward clearing of local instruments, outstation cheques and
bills collection and centralized document storage have been
centralized at city level. Further at national level, Bank has
centralized activities like issuance of statement of account through
email to customers registered at call centre and issuance of
personalized cheque books.
9. GOVERNMENT BUSINESS
During the year, E-payment system for collection of Commercial
Taxes (Sales/ VAT) has been made LIVE in the States of U.P., Bihar,
Maharashtra, Himachal Pradesh, Chhattisgarh, Orissa, Delhi,
Uttaranchal and Jharkhand. E-stamping of documents business has
been made LIVE in the states of Himachal Pradesh, Karnataka and
Gujarat. Bank has also started facilities like Direct Tax payment facility
through bank's ATMs, E-freight of Railways business, accepting
Ministry of Corporate Affairs (MCA) fees through NEFT from the
stakeholders of other banks and e-payment of Custom Duties at all
Indian Customs EDI System (ICES) 1.5 locations. While Centralized
Pension Processing Centres (CPPCs) have been set up to disburse all
types of pensions, Currency Chest have been made live in the
Government Business Solution Software for better currency
management in Chests. 147 Currency Chests have been delinked
from the branches for better cash management in branches.
¤+l-¤+ l÷ni¤·i --n| +| ¤|·=|lt- +·- +i ¤l+ª ¤l-¤z-|| +
~-=|· ¤+ - ¤·| + <|·|- º·º -( (ºi(n ¤|÷ +· n|- .º¡. +
~- -+ +n ·ººº +| (ºi(n - º¤+ º|÷| +· ln¤| :=i ¤ +|·
l¤-|i¤ ¤·| .º¡¡¡. + <| ·|- ª· n|º| = ·|i ~l¬+ -¤ (ºi(n/÷ l¤º
+|÷ ¤|·i l+( ª( ~|· (ºi(n/÷l¤º +|÷¬|·+| +i +n =º¤| ¡º
n|º| +· ni ¤+ + :º·-º -¤¤|ª+-||~| n ·|i ª.·º n|º| = ~l¬
+ +i ¤lz t: ~|· +n :º·-º ¤l+ª -¤¤|ª+-||~| +i =º¤|
¡·.ºº n|º| t| ª: n|¤|:n ¤l+ª (+ ~|· (=i =l¤¬| t l¤=n
¤+ + ª|t+| - +|¤·i ~l¬+ l<n-ª¤i l<º||: t
l¤-|i¤ ¤·| .º¡¡¡. + <|·|- ¤+ + ÷l¤º +|÷ n-<-| n ·ª
n|º| n-<-| = ~l¬+ +i ¤lz + =|·| ¡·· = ·|i ~l¬+ +i
¤lz <¤ +i ª: t :=n l¤+i +-: :¤i~|(=| ºln-n ~|· :º·-º
¤· l+¤ ª¤ n-<- n nª·|ª ª: n|º| ÷l¤º +|÷| +i ¤lz +
=|·| ºª· +i ¤lz t: t n|- .º¡. + ~- n ¤l-l<- :º·-º
~|·||l·- n-<- +i ~|=-- =º¤| n ¤·||-¤·| :.· = ~l¬+ +i
¤lz <¤ t: t
l¤-|i¤ ¤·| .º¡¡¡. + <|·|- ¤+ - ¤i(-¤i =l¤¬| ¤i¤÷ +|÷
z|ª l+¤| t ¤t ~·¤-- ¤t-¤¤|ªi +|÷ t l¤=n ÷l¤º +|÷ +i
=·|i n¸n l¤z|·|-|( t l¤=+i ·ºººº/ ª¤¤ t|l-÷ª =in| t
:=+i ~-¤ ¤+| ,|·| ¤t- vz|=| +i ª: t
¤ ¤ =rf¤·= ¤ft¤r¬ª
+-:i+- =n|¬|- +i vº||ni +i z|ª~|- ª |t+ =¤| +i +|¤ +z|n-|
n =¬|· ~|· z||º||~| + <¤|¤| +| +n +·- + ln( +i ª: t :=
n-¤ + ln( ª·||-i¤ l¤nº|| + ~|¤+ ~| · ¤|¤+ =n|z||¬- ¤|n
- +| ~| · l¤n| +i -ª|ti -·|| +-:i+- <ª-|¤¤ ·|º÷|·º| +i vl+¤|
+| <º|- + ln( ¤+ ~|l¤·= º||n- ¤= +|¤+n|¤| +| -ª· ª-·
¤· +-:i+- l+¤| ª¤| t :=+ ~l-l·+- ·|·ºi¤ ª-· ¤· ¤+ -
+|n =º· n ¤¤i+- ª|t+| +| :nn + n|·¤n = º||-| l¤¤·º|i
¤|·i +·- ~|· ¤¤l+-+ -+ ¤+ ¤|·i +·- ¤= +|¤+n|¤| +|
+-:i+- l+¤| t
v. =t¤rtt ¤rtr¤rt
¤·| + <| ·|- ¤|lº|l-¤+ +·| :l¤+¤/¤ º| +i v|l-- + ln( -·-·
v<z| l¤t|· nt|·|·º ltn|-n v<z| ¤-i=ª· -÷i=| l<-ni
-·-·|-n ~|· ¤|·º|º÷ ·|-¤| n :·|ª-|- vº||ni +| :º·-º = ¤|÷|
ª¤| t vnº| +|·|¤|· +i :ªº|l-¤ª +| ltn|-n v<z| +-|º+ ~|·
ª¤·|- ·|-¤| n :º·-º = ¤|÷| ª¤| t ¤+ - ¤+ + (ºi(n +
n|·¤n = v·¤-| +· ·|ª-|- ·n¤ +|·|¤|· + :·||÷| ~-¤ ¤+| +
lt-·||·+| = (-: (¤·ºi + n|·¤n = l-ªln- +|¤ n·||n¤n=i(|
+ z|-+ +| ª¤i+|· +·- -·|| =·|i ¡.· ª·||-| ¤· ~|:=i= =in|
z|-+ + : ·|ª-|- +i =l¤¬| +| ·|i z|ª l+¤| t ¤¤l+ =·|i
v+|· +i ¤z|-| +| =l¤-l·- +·- + ln( +-:i+- ¤z|- v|=l=ª
+-:| +i ª·||¤-| +i ª: t ~|· +·=i -ªº| n ¤t-· +·=i v¤-·|-
+ ln( +·=i -ªº| n =·+|·i +|·|¤|· =n|¬|- =|+º¤¤· +| n|ª¸
l+¤| ª¤| t z||º||~| n ¤t-· -+<i v¤-¬- + ln( ¡: +·=i
-ªº| +| z||º||~| = ~=-¤z l+¤| ª¤| t
39
10. HEAD OFFICE AND BRANCH NETWORK
Bank is building a State of Art Building at Dwarka for housing entire
Head Office Divisions under one roof for enhancing efficiency. This
will be a certified Green Building having 5 star GRIHA Rating. It
will also have amenities for the disabled. Foundation Stone was
laid by Hon'ble Finance Minister Shri Pranab Mukherjee on
13.04.2012, on 118th Foundation Day of the Bank.
Bank has the largest branch network amongst the nationalized
group with total domestic branches as at the end of March 2012
being at 5670 including 6 extension counters. It comprises 2193
Rural, 1325 Semi Urban, 1219 Urban and 933 Metropolitan
branches. As part of customer segmentation, Bank has opened
more than 520 specialized Branches that include Micro Finance
branches, Retail Asset Branches, Agricultural branches, SME
branches, International Banking Branches, Asset Recovery
Management Branches, etc.
For providing Banking Services 24 × 7, with the help of gadgets,
Bank has started establishing e-lobbies. Bank is also opening
GenNext Branches, which will cater to the needs of younger
generation such as young executives, students etc. 3 e-lobbies and
3 GenNext branches are already functional. For optimum usage of
manpower and infrastructure, Bank intends to shift / relocate around
500 branches to new area having good business potential. This
exercise would help Bank in capturing new business territories,
within existing staff strength and infrastructure.
Bank has developed web based software called Fixed Assets
Management System (FAMS) to centralise upkeep and maintenance
of Bank records of capital expenditure on fixed assets in respect of
Schedule - 10 of the Balance Sheet. Data is being updated in all
the Circles / Offices on daily basis.
International Presence
Bank has expanded its footprint into 10 countries in quest of its
objecti ve of i nternati onal expansi on. Bank has recentl y
inaugurated its fifth Representative Office (RO) in Sydney,
Australia in addition to the existing ROs in Dubai, Almaty, China
& Norway. Besides, Bank has 4 overseas branches in Hong Kong
(2 branches) and a branch each in DIFC, Dubai & Kabul,
Afghanistan. Bank also has an Offshore Banking Unit (OBU)
Branch in SEEPZ, Mumbai.
While Bank has one wholly owned overseas Banking subsidiary,
PNB International Ltd. (UK) (having 7 branches), other two overseas
subsidiaries are Druk PNB Bank Ltd., Bhutan (51% share) and PNB
Kazakhstan. During this year, Bank increased its stake in PNB
Kazakhstan from 80.95% to 84.38%.
As far its future international forays are concerned, Bank is planning
to set up its second wholly owned subsidiary in Canada. Bank is
also looking to upgrade its ROs at Norway, China and Australia to
full-fledged branches. Bank is also exploring possibilities for presence
+o. rrr=rr q¤ ¤r¤r¬¤ ªº¤¤
¤+ <-|-| ¤·|- + ln( ¤¬|- +|¤|n¤ + =·|i ¤·||ª| +| (+ ¤-
+ -i- n|- + ln( ,|·+| n ªºº ~|¤· ~|º ·|¤- +| l-n|º| +·
·t| t ¤t ¤n|º|i+- tl·- ·|¤- t|ª| ¤| · l=-|·| ªt ·lºª ¤+-
t|ª| :=n z||·il·+ ª¤ = ~-|n n|ª| + ln( ·|i =l¤¬|( t|ªi
·|¤- +| lz|n|-¤|= n|--i¤ l¤-| n·|i >i ¤º|¤ nº|¤i ,|·| ¤+ +
¡¡º¤ ª·||¤-| l<¤= ¤· l<-|+ ¡ª.:..º¡. +| l+¤| ª¤| t
n|- .º¡. + ~ - -+ ¤ + +i + n z||º||~| +i = º¤| ··º t| ª:
l¤-n · l¤ª-|· ¤ºn z||lnn t := l¤ª-|· + =|·| ·|·º i¤+ - ¤ +| n
¤ + +| - º¤+ =¤= ¤÷ | t z||º|| - º¤+ n .¡ºª ª |niº| ¡ª.·
~z z|t·i ¡.¡º z|t·i -·|| ºªª nt|-ª·i¤ z||º||( t ª |t+ º| ÷i+·º|
+ ·||ª + ª¤ n ¤ + - ·.º = ·|i ~l¬+ l¤z| ·|i+ - z||º||( º|| ni
t l¤-n n|:+| l¤·- z||º||( l·º n ~|lª- z||º||( + l·| z||º||(
(=(n: z||º||( ~ -· |·º i¤ ¤ l+ ª z||º||( ~|lª- ¤¸ =ni v¤-¬- z||º||(
~|l< z||lnn t
-¤+·º|| + n|·¤n = .:x ¤l+ª =¤|( -¤n·¬ +·¤|- + ln(
¤+ - :n|¤i +i ª·||¤-| +i t ¤+ ¤- -+ªº z||º||( ·|i º||n ·t|
t ¤| ¤ ¤| ¤i· i ¤ = (+=i+¤¸ lº¤ l¤¤|·|i ~|l< +i ¤ l+ ª ~|¤z¤+-|~|
+| ¤¸·| +·ªi ª :n|¤i -·|| ª ¤- -+ªº z||º||( ¤tn ti +|¤ +·
·ti t ¤-z|l+- -·|| n¸n·|¸- =·--| + ~l¬+-n -¤¤|ª + ln(
¤+ nª·|ª ·ºº z||º||~| +| ~-¤i +|·|¤|·i =·||¤-|~| ¤|n -(
ª·||-| ¤· ª·||-|--l·-/~¤ª·||l¤- +·- +i t :== ¤+ +| ¤-n|-
ªº|¤· z|l+- -·|| n¸n·|¸- =·--| + ·|i-· -( +|·|¤|·i -|·|| +
~l·|ª tº| n =t|¤-| lnnªi
¤ + - ¤ ¤ ~|¬|l·- =|+º¤¤· l¤+l=- l+¤| t l¤= l¤·+=÷ (= º¸=
n -¤n º l=ªºn¤·((n(=| +t| ¤|-| t l¤=n -n-¤·| +i
~-=¸-i¡º + =-¤-¬ n l¤·+=÷ ~|lª-¤| ¤· t( ¤¸¤iª- ·¤¤ +
¤ + l·+|÷ + ·º|·º||¤ +| + -< i+ - l+¤| ¤| =+ =·|i
n÷n|/+|¤|n¤| n <l-+ ~|¬|· ¤· ÷|º| +| ~¤-- l+¤| ¤| ·t| t
=atrrºt¤ s¤ftºrfa
~-·|·ºi¤ l¤ª-|· + -ªz¤ = ¤+ - ¡º <z|| n ~¤- +<n ¤·|(
t ¤+ - ¤-n|- n <¤: ~nn|ºi -i- -·|| -|¤ n vl-l-l¬
+|¤| n¤| + ~l-l·+- ¤ + - t|n ti n l=÷-i ~|ªºln¤| n ~¤-
¤|-¤ vl-l-l·| +|¤| n¤ +| -<·||º- l+¤| t :=+ ~l-l·+- ¤ +
+i : l¤<z|i z||º||( t|ª+|ª n :. z||º||(| ~|· (+(+ z||º||
÷i~|¤·=i <¤: ~|· +|¤n ~¤·ª|l-ª-|- n t ¤+ +i =i-¤
n-¤: n (+ ~|¤·z||· ¤l+ª ¤¸l-º :~|¤i¤¸| z||º|| ·|i t
¤+ +i ¤¸º| ª¤|ln·¤ ¤|ni ~|¤·=i¤ ¤l+ª =t|¤+ +¤-i ¤i(-¤i
:-º·-z|-n ln. :¤¸+| :l¤=n z||º||( t| ~-¤ <| ~|¤·=i¤
=t|¤+ +¤l-¤| ÷+ ¤i(-¤i ¤ + ln. ·|¸º|- :·¡· z|¤·| -·||
¤i(-¤i +¤|º|ª-|- := ¤·| + <|·|- ¤+ - ¤i(-¤i +¤|º|ª-|- n
~¤-i ·||ªi<|·i ºº.º·· n ¤·| +· º:.ªº· +· ni t
¤t| -+ ·|l¤·¤ n ~ -·| ·º i¤ -¤lª·|l- +| = ¤ ·| t ¤ + ~¤-i ¤¸ º|
ª¤|ln·¤ ¤|ni <¸ =·i + ¤-i +-|÷| n º|| n- +i ¤| ¤-| ¤-| ·t| t ¤ +
-|¤ -i- -·|| ~|ªº ln¤| n ~¤- vl-l-l·| +|¤| n¤| +| ¤¸ º| z||º|| + ª¤
n ª·||l¤- +·- ¤· ·|i l¤-|· +· ·t| t ¤ + n|n,i- <l-|º| ~+i+|
40
in Maldives, South Africa, Bangladesh, Myanmar, Pakistan,
Singapore and Brazil.
Business: As on 31.03.2012, total business of our overseas branches
has increased YOY by 45 % to USD 6137 Million. Including business
of our overseas subsidiaries, business has increased by YoY 40% to
USD 8054 Million. The profit of the overseas branches has increased
YoY by 50% to USD 37 Million and including the profit of our
subsidiaries, profit has increased to USD 49 Million growing YoY
by 116 %.
11. INFORMATION TECHNOLOGY
Financial sector in general and banking industry in particular have
undergone transformation due to induction of Information
Technology (IT). PNB has been in the forefront and a pioneer in
the use of technology.
a. Implementation of Core Banking Solution(CBS)
To meet the ever increasing needs and requirement of the
customers, necessary up-gradation has been a continuous
process and many new initiatives have been launched during
the year. Bank has successfully migrated to next version of
Finacle (7.0.25) on February 2012. The new version is one of
the milestone for version 10. x of Finacle for better Customer
service with added functionalities like 24 × 7 branch
functioning and access to call center on 24× 7 basis. The
version also has additional functionalities of launching new
products and services on Finacle platform.
b. Alternate Delivery Channels
1) Internet Banking Services
Bank's Internet Banking Services (IBS) offer a complete
e-bouquet of banking and financial services to its
internet banking users. PNB's Internet Banking is
witnessing a steady shift of customers for transfer of
funds, inter-bank remittances through NEFT/RTGS and
On-Line share trading along with other e-payments
towards various services. It also offers an online
payment platform for various taxes like Excise and
service tax, MCA 21 services, Direct taxes, port
payments, custom duty payment, etc. By participating
very actively in all the e-initiatives of Govt. of India as
well as several state Governments, Bank has positioned
itself as a leading e-service provider. The effectiveness
of the channel is enhanced with the utility payment
facility for all the popular service providers.
' IBS Shield' , a global security solution has been
introduced to strengthen the system that minimizes the
risk of fake websites that are put up by unscrupulous
el ements to l ure customers to part wi th thei r
confidential data. Under this, customers are required
to choose their preferred image / picture and phrase
that would be displayed at the time when a customer
logs into his IBS Account. Additionally, Bank has
¤| ·n|< z| -¤| ¤|· ¤|l+ª-|- l= ª|¤ · -·|| ¤ |¤in n ·|i ~¤-i -¤lª·|l- +
ln( = ·||¤-|( -n|z| ·t| t
¤rtr ¤rt. tn|·i ~|¤·=i¤ z||º||~| + +n +|·|¤|· n ¤·| <· ¤·|
:·· +i ¤lz t: -·|| ¤t ª¡ºª.º¡. +| ·¡ª lnln¤- ~n·i+i
÷|n· t| ª¤| tn|·i ~|¤·=i¤ +¤l-¤| + +|·|¤|· +| z||lnn +·
+|·|¤|· ¤·| <· ¤·| :º· +i ¤lz = ºº·: lnln¤- ~n·i+i ÷|n·
t| ª¤| ~|¤·=i¤ z||º||~| +| n|·| ¤·| <· ¤·| ·º· ¤· +· ª
lnln¤- ~n·i+i ÷|n· t| ª¤| -·|| tn|·i ~- ·| lª¤| + n|·| +|
z||lnn +· ¤t n|·| ¤·| <· ¤·| ¡¡·· +i ¤lz = :º lnln¤-
~n·i+i ÷|n· t| ª¤|
++. =¸¤ªr ¤rurfn¤t
=¸--| v|¤|lª+i :~|:ºi| n|ª¸ t|- = l¤·-i¤ -|·| n =|n|-¤-· ~|·
¤l+ª -¤|ª n l¤z|·| ª¤ = +|¤|¤nº t~| t ¤i(-¤i v|¤|lª+i +
v¤|ª n ~ªº|i -·|| ¤·| v<z|+ ·t| t
¤. ¤rt ¤f¤n =nr¤rª (=t¤tq=¸ ¤r ¤r¤r-¤¤ª
ª |t+| +i l-·--· ¤· -i ~¤ -||~| ~| · ~|¤z¤+-|~| +| ¤¸ ·| +·-
+ ln( ~|¤z¤+ = ¬|· (+ =--¸ vl+¤| t -·|| ¤·| + <| ·|- +:
-: z| ª~|- ·|i +i ª: t ¤ + - ¤··¤·i .º¡. n l¤·- +n
:.º..·| + ~|ª|ni = ª+·º| n =¤·n-| ¤¸ ¤ + ~ -·º| +· ln¤|
t -¤| = ª+·º| ª |t+| +| ¤ t-· = ¤| < - + ln( l¤·- +n +
¡º.x =ª+·º| + ln( nin +| ¤··|· t l¤=n .:x z||º||
v|+|¤| ·n+-| -·|| .:x ~|¬|· ¤· +| n = º· n ¤t - ¤ = +|¤|
+| ¤| ÷ l<¤| ª¤| t ¤t = ª+·º| -( -·¤|<| -·|| = ¤|~| +|
l¤·- +n -nº¤·|n ¤· n| - +·- +| ~l-l·+- +|¤ ·|i +·-| t
=r. ¤ ¤fr¤¤ fz¬t¤tt ¤ ª¬
+¸ ;ºtªº ¤f¤n =¤rq
¤+ +i :º·-º ¤l+ª =¤|( :~|:¤i(=| :º·-º ¤l+ª
-¤¤|ª+-||~| +| ¤l+ª l¤·-i¤ =¤|~| +| (+ ¤¸º|
:¤+ v<|- +·-i t ¤i(-¤i +i :º·-º ¤l+ª l-l·|¤|
+ ~-·º| (-¤·ºi/~|·ºi¤i(= + n|·¤n = ~-·¤+
v·|º| ~|- n|:- z|¤· ·¤|¤|· -·|| ~-¤ l¤l¤¬ =¤|~| +
t- :·|ª-|- + ln( ª|t+ ª·||¤i ª¤ = :º·-º ¤l+ª
+| ~¤-| ·t t ¤t l¤l¤¬ +·| ¤= -·¤|< -·|| =¤| +·
(n=i( .¡ =¤|~| ¤·¤-| +·| ¤·-- ·|ª-|- =in| z|-+
·|ª-|- ~|l< + ln( ~|-n|:- ·|ª-|- +| -nº¤·|n ·|i
v<|- +·-| t ·||·- =·+|· -·|| ·|-¤ =·+|·| +i =·|i
:¤tn| n =l+¤ =t·||lª-| = ¤+ - :=¤| v<|-| +
ª¤ n ~ªº|i ª·||- ¤-| ln¤| t --n +i ¤·||¤z|in-| +|
=nª- n|+l¤¤ =¤| ¤<|-|~| +| l¤n ·|ª-|- =l¤¬|
¤<|- +·+ ¤·|¤| ª¤| t
'~|: ¤i(= z|i-÷' ¤ = =|¤ ¤l-+ = ·-|| =n|¬|- +| ~|· ·|
l+¤| ª¤| t l¤== -= vº||ni +| = < · l+¤| ¤| =+ ¤| --
¤¸ ai ¤ ¤=|:º| + ¤| lº|n +| -¤¸ --n +·-i t ¤| ª |t+| +i
ª| ¤-i¤ ¤|-+|·i t|l=n +· --t n ·||-i t :=+ ~ -ª -
ª |t+| = ~¤ l-|- t l+ ¤ ~¤-i ¤= < +i ¤l¤/l-·| -·||
¤|+¤| z| +| -¤- +· l¤= -= =n¤ v<lz| - l+¤| ¤|(ª| ¤¤
ª |t+ ~¤- ~|: ¤i(= º||- n n| ª:- +· ª| :=+ ~l-l·+-
41
introduced the facility of OTP (one time password) that
makes IBS transactions even more secure. This facility
has also enabled the system that customers need not
wait to add payees to their id, as was earlier required.
Further, IBS customers have also been enabled to set
their own limits for log-in time, with the maximum
amount and number of transactions that can be
undertaken during a day.
2) SMS Alert Services
SMS Alert facility is being availed by over 8 million
customers. It is sent on identified financial transactions
undertaken through branches and delivery channels. The
channel is also leveraged for providing information on
Bank's products and services over SMS under the SMS
Pull Mechanism.
3) Mobile Banking Services
Utilizing this platform, a customer can undertake
banking transactions through their Mobile handsets.
The extension of mobile payments has added value to
the channel as the users can also make payments of
utility bills/services using their mobile phones, besides
effecting transfer of funds to third party accounts. The
channel has been integrated with National Payments
Corporation of India (NPCI) for interbank mobile
payments using Interbank Mobile Payment Service
(IMPS).
4) ATM Services
In order to provide more convenience to customers, more
than 6000 ATMs have been installed at various
geographical locations of the country. Apart from cash
withdrawals, other value added services like Funds
Transfer, Bill Payments and mobile registration for
generation of SMS alerts, Direct Tax Payment, request
for stop payment of cheques etc are also provided to
the cardholders.
c. Real Time Gross Settlement System (RTGS) and National
Electronic Fund Transfer (NEFT)
All Branches of the Bank have been enabled for NEFT and
RTGS facility. Internet banking customers can remit funds
just by click of a button and without any bank/branch
intervention to any RTGS / NEFT enabled branch of other
banks in India.
d. NEW IT BASED PRODUCTS/SERVICES
During the year, Bank introduced various products and services
with special focus on various segments of the customers, some
of which include:
1) Cash Deposit Machines: In Cash Deposit Machines,
customers can deposit upto a specified amount of cash
which gets credited into the account on real time basis
without any intervention of the branch officials.
2) Self Service Passbook Printing Terminals: Here the
customers get their passbooks updated without standing
¤ + - ~| ºi¤i :¤- º|:n ¤|=¤÷ | = l¤¬| ~|· ·| +i t ¤|
~|: ¤i(= n -< - +| ~| · ~l·|+ = ·l-|- +·-i t :=
= l¤·|| - l=ªºn +| =|n·¤ l<¤| t l+ ª |t+ +| ~¤-i
¤t-|- n ~|<|-| +| ¤| ÷ - + ln( ¤ -i-|| +·- +i ~|¤z¤+-|
-ti t ¤ =|l+ ¤tn ~¤ l-|- ·|| :=+ ~l-l·+- ~|: ¤i(=
ª |t+ n| ª:- + =n¤ l<- ·|· n ~l¬+-n ·|lz| -·|| n -< -
+i = º¤| + ln( ~¤-i =in| ª¤¤ l-·|| l·- +· =+- t
z¸ q=qnq= =¬º = ¤rq
º lnln¤- = ~l¬+ ª |t+ (=(n(= ~nº = l¤¬| +|
n|·| -a| ·t t z||º||~| ~| · l÷ni¤·i - -n| + n|·¤n =
:-t - l- <| n -< -| ¤· ·| ¤| ¤|-| t (=(n(= ¤ n n + l--n
+ ~--ª - ¤ + + -·¤|<| ~| · = ¤|~| ¤· (=(n(= =
=¸ --| < - + ln( - -n +| ---- l+¤| ª¤| t
s¸ nr¤r;¬ ¤f¤n =¤rq
:= -nº¤·|n +| -¤¤|ª +·+ ª|t+ ~¤- n|¤|:n t÷=º
+ n|·¤n = ¤l+ª n-<- +· =+-| t n|¤|:n ·|ª-|-
+| l¤ª-|· +·+ - -n +| ~| · ~l¬+ -¤¤|ªi ¤-|¤| ª¤|
t l¤== -¤·||+-| ~¤- n|¤|:n ¤·|- +| v¤|ª +·+
~-¤ ¤|ºi º||-| +| l-l¬¤| + ~ -·º| + ~l-l·+- -¤·|| +-|
l¤n|/=¤|~| +| ·|ª-|- ·|i +· =+-| t ~|n¤i(= +|
-¤¤|ª +· ~-·¤+ n|¤|:n ·|ª-|- + ln( --n +|
-z|-n ¤nº +|·¤|·z|- ~|¤· :lº÷¤|-¤i=i~|:| +
=|·| (+i+- l+¤| ª¤| t
+¸ qºtqn =¤rq
ª |t+| +| ~l¬+ = l¤¬| v<|- +·- +i < l·º = < z| ·|· n
l¤l¤¬ ª·||-| ¤· ·ººº = ~l¬+ (ºi(n ª·||l¤- l+( ª(
-+<i ~|t·º| + ~l-l·+- +|÷ ¬|·+| +| l-l¬ ~ -·º|
l¤n ·| ª-|- (=(n(= ~nº ¤|·i +·- t - n| ¤|:n ¤ ¤i+·º|
v·¤-| +· ·| ª-|- - +| + ln( ·| ª-|- ·| +| ~- ·| ¬ ~|l<
¤ =i n¸ -¤¤l¬ - = ¤|( ·|i -¤n·¬ +·¤|: ª: t
n. ft¤¬ ºr;n n r = = º¬n º f=tºn (=rtºt¬tq=¸ aºrr ª rrª¬
;¬¤ºrfª¤ ¤·z ºr=¤·t (qª;q¤·ºt¸
¤ + +i =·|i z||º||( (-: (¤·ºi -·|| ~|·ºi¤i(= = l¤¬|( v<|- +·
·ti t :-º·- º ¤ l+ ª ª |t+ ·||·- n ~-¤ ¤ + +i l+=i ·|i
~|·ºi¤i(=/(-: (¤·ºi =nl·| - z||º|| +| l¤-| l+=i ¤ +/z||º||
tª--| ¤ + n|·| (+ ¤º- <¤| +· l-l¬¤| +| l¤v ·|º| +· =+- t
rr. ªq =r;ºt =r¤rfta s-¤rª.=¤rq
¤·| + <| ·|- ¤ + - ª |t+| + l¤l¤¬ º| ÷| ¤· l¤z| ·| ·¤|- < -
t ( l¤l¤¬ -·¤|< ¤ = ¤|( ~|· ·| +i t l¤-n = + ¤ l--- ¤+|·
t ·
¡| ª¤ª ¬nr nrrtª. -+< ¤n| nz|i-| n ª|t+ z||º|| +
tª--|¤ + l¤-| l-¬|l·- =in| -+ -+< ·|lz| º||- n ¤n|
+·¤| =+-| t
.| t¤¤ =¤r ¤r=¤¤ n)¢r ºfnª¬. ¤t| ª |t+ z||º||
~l·|+|l·¤| + tª--|¤ + l¤-| -·|| ~¤-i =l¤¬| +
42
in queue as per the convenience of the customers without
any intervention of the branch officials.
3) Introduction of new Fund Collection module in CBS:
The new Fund Collection Module has been designed to
meet the day to day requirement of various institutes/
organizations which are involved in collecting fees or
funds etc.
4) Pilot implementation of Ultra Small Branch & Online
Financial Inclusion model: Bank has implemented Ultra
Small Branch at village Khakuda, District Bulandshahar
on pilot basis, where beneficiaries are being served by
the Business Correspondent Agent using a Hand Held
Terminal. The transactions are done in online real time
mode.
e. ENTERPRISE WIDE DATA WAREHOUSE
Enterprise-wide Data Warehouse (EDW) is implemented
in our Bank which is a repository of Data from multiple
source systems and can be combined based on common
el ements to arri ve at meani ngful deci si ons. Data
Warehouse is independent of the operational databases
maintained in the respective source systems. Various
source system viz CBS, IBS, ATM Switch, Debit Card, Credit
Card, etc have been integrated with EDW. The data is
processed in the EDW and pushed to various downstream
solutions like EDW MIS Reporting, Anti Money laundering
Solution, Operations Risk, Credit Risk and Market Risk
Management Solutions.
f. IT SECURITY
The Bank has taken adequate steps to strengthen anti-
phishing activities and monitoring thereof to prevent online
frauds. To monitor information security events across the
Bank's network, Bank has established a world class Security
Operations Centre (SOC) which is first of its kind that has
been set up by any Indian Bank. The facility is utilized for
analysis and monitoring of various threats emanating from
both within the network as well as from outside the network
in a very proactive manner.
ISO 27001
Bank's Critical Infrastructure Data Centre, Network Operation
Centre & Disaster Recovery Data Site are ISO 27001 certified.
All the Policies & procedures are aligned with best practices,
ISO 27001 standards and RBI guidelines.
Business Continuity Plan (BCP)
In the present scenario where all the branches are under
Centralized Network, connectivity is an important concern.
Though precautions have been taken to take care of
connectivity outage by providing dual connectivity to each
branch, yet chances of outage cannot be ruled out
completely. Bank has well defined BCP to provide un-
interrupted Customer Services in case of any exigency in
the branches.
~-=|· ¤l+- n nª l¤-| ~¤-i ¤|=¤+ +| ~¤÷º +·
=+-| t
ª| =t¤tq= n ªq fªf¤ =nr nrz¸¤¸¬ ¤r ¤rt+r. z|-+
-·|| l-l¬¤| ~|l< + =ªt n nª l¤l¤¬ =ª·||-|/=ªa-|
+i <l-+ ~|¤z¤+-|~| +| ¤¸·| +·- + ln( -¤| l-l·|
=ªt n|÷¸¤¸n -¤|· l+¤| ª¤| t
:| =rº r ¬rr rrr=rr=r aºrr =r ª ¬r;ª f¤-at¤ =nr¤ rrª
nr z¬ ¤r ¤rtfr+r¤ ¤r¤r -¤¤ª. ¤ + - ª |n º||+ ÷ |
l¤n| ¤ n <z|t· n v|¤| lª+ ~|¬|· ¤· ~-º | n·| z||º|| +|
+|¤| -¤¤- l+¤| t l¤=n n|·||l·|¤| +| +|·| ¤|· vl-l-l·|
(¤ º| ,|·| t ÷ t -÷ ºln -n ,|·| ¤ l+ ª = ¤|( v<|- +i ¤|-i
t n -< - ~| -n|:- l·¤n º|:n n| ÷ n l+¤| ¤|-| t
z. ; ºt¤r;¬ ¤r;z zrºr ¤ ¤t rr==
tn|· ¤ + n :º·v|:¤ ¤|:÷ ÷|º| ¤¤· t|-= :: ÷i÷·-¤¸| +|
+|¤| -¤¤- l+¤| ª¤| t ¤| ¤tl¤¬ = |- vº||ln¤| = ÷|º| n+·
-=+| ·|÷|·º| +·-| t -·|| =|·|+ l-º|¤ n- + ln( -=
=|n|-¤ -·¤| + ~|¬|· = ¤|÷| ¤| =+-| t ÷|º| ¤¤·t|-=
=¤l¬- =|- vº||ln¤| n ·º| ª( ¤l·-|n-|·n+ ÷|º|¤= =
ª¤-·| t l¤l¤¬ = |- vº||ni ¤·|| =i¤i(= ~|: ¤i(= (ºi(n
lª¤- ÷l¤º +|÷ +l÷º +|÷ ~|l< +| :÷i÷·-¤¸ + =|·|
(+i+- l+¤| ª¤| t : ÷i÷·-¤¸ n ~|+÷| +| ==|l¬- l+¤|
¤|-| t -·|| :÷i÷·-¤¸ (n~|= l·¤|lºª (ºi n-i n|l÷ª
=n|¬|- ¤l·-|n- ¤|lº|n +º| ¤|lº|n -·|| ¤|¤|· ¤|lº|n
v¤-¬- =n|¬|- ¤= l¤l¤¬ ~-v¤|t =n|¬|-| + ln( v¤|ª
l+¤| ¤|-| t
¤. =¸¤ªr ¤rurfn¤t =t+rr
~|-n|:- ¬|º||¬|÷i ·|+- t- ¤+ - l¤·lz|ª l¤·|¬i -·| +|
=<· +·- ~|· -=+i vl+¤| +i l-ª·|-i +·- + ln( ¤¤|--
+<n -a|( t ¤+ + =¤¸º| -º¤+ n =¸--| =·-|| ·|º-|~| +i
l-ª·|-i +·- + ln( ¤+ - (+ l¤z¤ª-·i¤ =·-|| ¤l·-|n-
+-:=~|=i| ª·||l¤- l+¤| t ¤| l+=i ·|i ~-¤ ·||·-i¤
¤+ ,|·| ª·||l¤- +-: = l·|-- t := =l¤¬| +| v¤|ª -º¤+
+ ·|i-· ~| · ¤|t· + l¤l·|-- ¤|lº|n| +| ¤t- ti ~ª =l+¤
ª¤ = l¤zn·|º| ~| · l-ª·|-i +·- + ln( l+¤| ¤|-| t
=r; q==r zzoo+
¤+ +| l+lº+n :-+|ªº+-· ÷|º|=-º· -º¤+ ~|¤·z|- =-º·
(÷ l÷¤|ªº· l·+¤·i ÷|º| =|:º ~|=~| .ºº¡ vn|º|i+- t
=nª- ¤|lnl=¤| -·|| vl+¤| =¤>·a ·¤¤t|·| ~|· ~|=~|
.ºº¡ + n|-+| + ~-ª¤ t
¤rtr¤rt fªt-atar ¤r¬ªr (¤t=t¤t¸
¤-n|- ¤l·v-¤ n ¤t| =nª- z||º||( +-:i+- -º¤+ +
~-ª - t ¤t| +- l+ºl¤ºi (+ nt·¤¤¸º| l¤·|¤ t ¤¤l¤ v·¤+
z||º|| +| <|t·i +- l+ºl¤ºi v<|- +·+ +- l+ºl¤ºi ~|-º¤ +|
·¤|- ·º|| ª¤| t ¤·-- ~|-º¤ +| ¤¸º|-· -+|·| -ti ¤| =+-|
¤+ +i +|·|¤|· l-·--·-| ¤|¤-| :¤i=i¤i| =¤l··||l·|- t -|l+
z||º||~| n l+=i ·|i ~|+lªn+-| ¤· ~¤|l¬- ª|t+ =¤|(
v<|- +i ¤| =+
43
12. HUMAN RESOURCES MANAGEMENT
Bank recognizes its employees as the most vital and valuable asset.
Total number of employees including those in the subsidiaries was
62,127 at the end of March 2012.
Cadre -Wise Staff Strength
March 2011 March 2012
CADRE Number % of Number % of
Total Staff Total Staff
OFFICER 20711 36.32 22933 36.91
CLERKS 23065 40.45 25380 40.85
SUB STAFF (incl.PTS) 13244 23.23 13814 22.23
Total 57020 100 62127 100
Bank has taken several initiatives during the year in the areas of
Manpower Planning, Recruitment, Succession Planning, Leadership
Development and Staff Welfare.
Manpower Planning:
Manpower Plan for the year 2011-12 scientifically factored the existing
deficits as well as the future requirements due to business expansion/
new initiatives. The Plan envisaged 16,811 vacancies in different
cadres/scales, out of which 7747 were to be filled up by internal
promotions while 9064 were to be filled up by direct recruitment.
Recruitment strategy:
Based on the Manpower Plan approved by the Board, an extensive
Recruitment Plan which included recruitment in various posts/cadres
viz. 582 Specialist Officers, 775 Management Trainees as well as
6428 Clerks was carved out. Since the number of employees to be
recruited in clerical cadre was large, the blueprint of the whole
process i.e. from the date of advertisement till the last phase of
joining was finalized well in advance so as to ensure completion of
the projects in a time bound manner.
Succession Plan:
In the light of the large scale human resources gaps that Bank is
likely to face in the next few years, need for Succession Policy has
been felt. The Policy envisages mapping of the 'existing pool'
against the 'future requirement' from the projected business figure
to ensure that adequate number of officials are available in the
pool and also to foresee the surplus / deficit in the pool for
ascertaining the requirement of succession in a particular vertical.
The pool thus created would be sufficiently large to take care of
future attrition in the specialized fields. To start with, Succession
Planning in our bank covers all officials in Top Executive Grade
(TEG) scale VI and Senior Management Grade(SMG) scale V, who
are due to retire after 01.04.2014 so that their services in the
Bank are available for at least 3 years. Accordingly, mapping of
Senior Executives position vis-à-vis the availability of the
Executives in Scale-VI & above has been done and exposure by
way of suitable placements to enable them appropriate grooming
in identified positions is being done.
+z. nrª¤ ==r¤ª ¤¤-¤ª
¤+ ~¤- +n-|l·¤| +| =¤|l¬+ nt·¤¤¸º| ~|· ~n¸-¤ ~|lª- n|--|
t n|- .º¡. + ~- -+ =t|¤+ +¤l-¤| =lt- +n -|l·¤| +i +n
=º¤| ·.¡. ·|i
=¤n¤rt tºr¤· ==¤r
nr¤ 2011 nr¤ 2012
=¤n ==¤r ¤¬ tºr¤· ==¤r ¤¬ tºr¤·
¤r x ¤r x
~l¬+|·i 20711 36.32 22933 36.91
lnl¤+i¤ 23065 40.45 25380 40.85
~¬i-ª·| ªº|¤· :¤iºi(= =lt-| 13244 23.23 13814 22.23
¤¬ 57020 100 62127 100
¤·| + <|·|- ¤+ - ¤-z|l+- ¤|¤-| ·|-i -·-·|-· ¤|¤-| --·¤
l¤+|= -·|| ªº|¤· +-¤|º| + -|·| n ~-+| -: z|ª~|- +i t
¬ªrrf¤a ¤r¬ªr.
¤·| .º¡¡¡. t- ¤-z|l+- ¤|¤-| +|·|¤|· l¤ª-|·/-( ¤tn| +
+|·º| ¤-n|- +ni ¤ ·||¤i ~|¤z¤+-|~| +| ·¤|- n ·º|- t( -¤|·
+i ª: t ¤|¤-| n l¤l·|-- =¤ª|/¤--n|-| n ¡·º¡¡ l·+- ¤< t
l¤-n = : ~|-l·+ ¤<|--l- + n|·¤n = -·|| ºº·: =i¬ ·|-i
+ n|·¤n = ·|· ¤|(ª
+rat ¤r¤ ¤r¬ªr
l-<z|+ n÷n ,|·| ~-n|l<- ¤-z|l+- ¤|¤-| + ~|¬|· ¤· l¤ª--
·|-i ¤|¤-| ¤-|: ª: l¤=n l¤l¤¬ ¤<|/=¤ª| ¤·|| ·º. l¤z|·|a-|
¤|-- ~l¬+|·i · ¤¤-¬- ¤lz|-| -·|| ·:.º lnl¤+ ·|-i l+( ª(
¤ =|l+ lnl¤+i¤ =¤ª n +n -|l·¤| +i =º¤| ~l¬+ ·|i ~-·
=n¸-i ¤ l+¤| ¤·|| l¤a|¤- +i -|·iº| = ¤< ª tº| +·- + ~l-n
-·º| +| ·n¸ l¤ º ¤tn ti - ¤|· +· ln¤| ª¤| ·|| l¤== ¤ l+¤| +|
=n¤¤z ª¤ = ¤¸·| l+¤| ¤| =+
s-atrat ¤r¬ªr
~|ª|ni +¤ ¤·|| n ¤+ n n|-¤ ==|¬-| +i +ni +| ·¤|- n ·º|-
t( -·-·|-· -il- +i ~|¤z¤+-| ~-·|¤ +i ª: ¤|¤-| ¤ -|l¤-
+|·|¤|·i ~|+÷| + ~|¬|· ¤· '·||¤i ~|¤z¤+-|~|' + l¤ªz
'¤-n|- ¤¸n' +| ·¤|- n ·º| +· ¤-|: ª: t l¤== =l-lz-- l+¤|
¤| =+ l+ ¤¸n n ¤¤|-- =º¤| n ~l¬+|·i t -·|| =|·| ti l¤z|·|
z|i·| n -·-·|-· ~|¤z¤+-| + ~-=|· ¤¸n n ~l¬z|·|/+ni +| ·|i
~-n|- nª|¤| ¤| =+ := ¤ +|· ¤¸n ·¤¤ª·|| ¤¤| -- ¤÷i t|ªi
l¤== l¤z|·|a-| ¤|-- -|·|| n ·||¤i +ln¤| +| ·|i ·¤|- ·º|| ¤| =+
tn|· ¤+ n -·-·|-· ¤|¤-| +| ~|·-·| +·- t( --- +|¤¤|n+ ª÷
:ºi: ¤i| ª+ nVI -·|| ¤l··a ¤ ¤¬- ª ÷=(n¤i| ª+n V +
-- =·|i ~l¬+|l·¤| +| +¤· l+¤| ª¤| t ¤| ¡.º:..º¡: + ¤|<
=¤|l-¤·- t|ª l¤== ¤+ n --+i =¤|( +n = +n ª ¤·| -+
-¤n·¬ t| -<¸-=|· ª+nVI -·|| -¤· + +|¤¤|n+| +i -n-| n
¤l··a +|¤¤|n+| +i lª·|l- +| ·|i l-¬|·º| l+¤| ª¤| t -·|| -l-<|
¤<+n| t- --+| - ¤|· +·- + -ªz¤ = --+i - -|-i ¤·||l-- ¤<
ª·||-| ¤· +i ª: t
44
Team 2020:
As part of Succession Planning, pool of Executives in Scale-IV
& above who will continue with the Bank for more than a
decade i.e. on & after 01.01.2020 have been identified as Team
2020.
Staff Welfare:
During this Financial Year, Scheme for Financial Assistance to
employees having mentally retarded children has been introduced
whereby such employees are provided Financial Assistance
@ ` 5000/- per annum. Further, under the Scheme of providing
Medical Aid to pre-1.1.1986 retirees, amount has been enhanced
from ` 2500/- to ` 5000/- per annum. Tie up arrangements have
been made with different hospitals at different centres for providing
medical facilities to staff and their family members.
Reservation Policy
The Bank follows the reservation policies for SCs, STs and
OBCs as prescribed by Government of India from time to
time.
Strength of SC/ST/OBC Employee
March 2011 March 2012
CADRE SC ST OBC SC ST OBC
OFFICER 3394 1255 757 4104 1352 1045
CLERKS 4422 722 1022 4570 1091 2635
SUB STAFF (incl.PTS) 5335 749 1689 5724 760 2017
TOTAL 13151 2726 3468 14398 3203 5697
Human Resources Management System (HRMS)
HRMS 'PNB Parivaar' - A PeopleSoft package containing an
exhaustive database of all the employees, has enabled Bank to
effectively utilize technology for implementing all employee related
tasks like staff welfare benefits, various reimbursements, transfer/
postings, leave rules etc. Salary is being credited online through
HRMS centrally in respect of all employees and Loan deductions
are also being credited online centrally on the day of credit of salary
in the concerned loan accounts.
Promotions
During the year 2011-12, all promotion processes in different cadres
were completed in the first quarter of the year i.e. up to June 2011.
While 16 officers were promoted from Scale VI to VII, 36 were
promoted from Scale V to VI. From Scale IV to V, 103 officers were
promoted and 436 were promoted from Scale III to IV. Besides,
922 promotions were made from Scale II to III and 1302 promotions
were made from Scale I to II.
Industrial Relations
Industrial relations in the Bank continued to be cordial with issues
raised by Workman Union/Officers' Association being attended to
immediately. Various meetings were held with the representatives
of the majority Officers' Association / Workmen Union during the
ºtn zozo
-·-·|-· ¤|¤-| + ·||ª + ª¤ n ª+n IV -·|| -¤· + +|¤ +|·i ¤|
¤ + n (+ <z|+ = ~l¬+ +i ~¤l¬ ~·|| - ¡.¡..º.º +| -·||
-=+ ¤|< ·|i -¤n·¬ t|ª --t ºin .º.º + ª¤ n l-l-t- l+¤|
ª¤| t
tºr¤· ¤r¤r¢r
:= l¤·- ¤·| + <|·|- -- +n-|l·¤| +| l¤·-i¤ =t|¤-| <- +i
¤|¤-| ~|··| +i ª: t l¤-+ ¤-- n<¤lz t ¤|¤-| + ~-=|· (=
+n -|l·¤| +| ª¤( ·ººº vl-¤·| +i <· = l¤·-i¤ =t|¤-| <i ¤|-i
t :=+ ~l-l·+- ¤|¤-| + ~-ª - ¡.¡.¡ºº· = ¤tn =¤|l-¤-
+n -|l·¤| +| l-l+·=| +i ·|lz| +| ª¤( .·ºº/ = ¤·| +· ª¤(
·ººº/ vl-¤·| +· l<¤| ª¤| t l¤l¤¬ +-:| ¤· l¤l·|-- ~ª¤-|n|
+ =|·| ªº|¤· -·|| --+ ¤l·¤|· + =<ª¤| +| l-l+·=| =l¤¬|
-¤n·¬ +·|- t- º|:~¤ ·¤¤ª·|| +i ª: t
=rt+r¢r ªtfa
¤ + =·+|· ,|·| =n¤=n¤ ¤· l-¬| l·- ~-=¸l-- ¤|l- ~-=¸l--
¤-¤|l- -·|| ~-¤ l¤¤÷ ¤ª| t- ~|·-|º| ¤|lnl=¤| +| ~-¤|n-
+·-| t
=ª =¸ f¤a ¬rfa.=ª =¸ f¤a ¬ª¬rfa.=-¤ f¤øz ¤n ¤ ¤n ¤rft¤r
¤t = =¤r
nr¤ 2011 nr¤ 2012
=¤n =ª.¬r. =ª.¬ª. =.f¤.¤. =ª.¬. =ª.¬ª. =.f¤.¤.
~l¬+|·i 3394 1255 757 4104 1352 1045
lnl¤+i¤ 4422 722 1022 4570 1091 2635
~¬i-ª·| ªº|¤· :¤iºi(= =lt-| 5335 749 1689 5724 760 2017
¤¬ 13151 2726 3468 14398 3203 5697
nrª¤ = =r¤rª ¤¤-¤ª ¤¢rr¬t (q¤=rtqnq=¸
(-~|·(n(= ''¤i(-¤i ¤l·¤|·''(+ ¤i¤n=|+º ¤ +¤ n =nª-
+n-|l·¤| + ·¤|¤+ ÷|º| ¤= t l¤== ¤+ +n-|l·¤| = =¤l¬-
=nª- +|¤| ¤ = ªº|¤· +-¤|º|+|·i n|·| l¤l¤¬ vl-¤¸ l- ¤| ª·||-|--·º|
- -|-i ~¤+|z| l-¤n ~|l< +| v·||¤i ª¤ = +|¤| -¤¤- +·-| t
=·|i +n -|l·¤| +| ¤-- +-:i+- ª¤ n (-~|·(n(= + n|·¤n =
¤n| l+¤| ¤|-| t -·|| +º| +º| l-¤| ·|i ¤-- ¤n| t|- +i -|·iº|
+| ti =¤l¬- +º|º||-| n ~|-n|:- ¤n| t| ¤|-i t
¤ªr-ªfa¤r
¤·| .º¡¡¡. + <|·|- l¤l¤¬ =¤ª| n =nª- ¤<|--l- vl+¤| +|
¤tni l-n|ti ~·|| -¸ ¤¸- .º¡¡ -+ ¤¸·| +· ln¤| ª¤| ·|| ¡· ~l¬
+|·i ª+n VI = VII n ¤<|--- t( ¤¤l+ ª+n V = VI n ª·
~l·|+|·i ¤<|--- t( ª+n IV = V n ¡ºª ~l¬+|·i ¤<|--- t(
¤¤l+ ª+ n III = IV n :ª· ¤<|--l-¤| t: :=+ ~l-l·+- ª+n
II = III n º.. -·|| ª+n I = ª+n II n ¡ªº. ¤<|--l-¤| t:
=rurfn¤ =¤¤
¤ + n ~| ¤| lª+ = ¤ ¬ =| t|< ¤¸ º| ¤- t ( t +¤| l+ +|nª|·
¤¸l-¤-/~l·|+|·i =·| ,|·| -a|( ª( nª| ¤· -·+|n ·¤|- l<¤| ¤|-|
t ¤·| + <|·|- ¤t=º¤+ ~l¬+|·i =ªa-/+|nª|· ¤¸l-¤- +
45
year to discuss various issues and taking steps to resolve the
same.
Training Activities
The Training system of the Bank is functioning effectively for
enrichment of knowledge, skills and attitude of staff at all levels in
line with the organizational objective to transform the Bank to a
technology & service driven leading pan-India Bank.
Bank has a three tier training set up comprising of Central Staff
College (CSC) at Delhi at apex level catering to training needs
of Top / Senior / Middle Management Grade officers, three
Regional Staff Colleges (RSCs) located at Belapur-Navi Mumbai,
Lucknow and Panchkula for training needs of Senior / Middle /
Junior Management officers as well as workman staff and seven
Zonal Training Centres (ZTCs) at Dehradun, New Delhi, Jaipur,
Kolkata, Kozhikode, Ludhiana and Patna looking after the training
needs of Middle / Junior Management Grade officers & Workman
Staff. IT Training Centre located at Faridabad caters to the training
needs of officers exclusively in the areas of Information
Technology.
In addition, PNB Institute of Information & Technology (PNB IIT),
an autonomous Institute has also been established at Lucknow,
that conducts programmes on banking technology for various
banks and has ventured into education through its flagship
educational programme 'Advanced Diploma in Banking Technology'.
To groom officers for higher responsibilities and enhance their cross
organizational & global exposure, Bank imparts training in specialized
areas through outside institutions of repute both in India & abroad.
Two Senior Management Programmes for 50 Scale-V & Scale-VI
Executives were organized in collaboration with National University
of Singapore (NUS) Business School, to enhance the Leadership &
Marketing Skills. During the year, Bank focused on imparting trainings
in key subject areas like Credit, Agriculture, SME, Foreign Exchange,
Information Technology, NPA Management, Risk Management &
Soft Skill development etc. Besides, induction training to all the new
recruits, Pre - promotion training to SC/ST employees, post promotion
training through Management / Leadership Development
Programmes, Faculty Development Programmes (FDP) were also
conducted during the year.
Training Policy of the Bank envisages a training reach of 50% of
employees every year. During the year 2011-12, Bank imparted
1,78,639 man days training to 46,653 employees through in-
house training institutions. In addition, 1568 officers attended
specialized trainings at reputed outside Institutes in India and
abroad. Bank has already initiated 'PNB Pragati', which envisages
imparting soft skills training to all employees of the Bank as a
part of organizational transformation exercise in the coming
financial year.
E-learning
To facilitate greater training reach of the staff, training system of
the Bank makes extensive use of technology. There is an exclusive
vl-l-l¬¤| + =|·| l¤l¤¬ nª| ¤· l¤l·|-- ¤a+ t: -·|| --+
=n|·||- t- +<n -a|( ª(
¤frr+r¢r nfaf¤f¤¤r
¤ + +i vlz|-|º| vº||ni =ªa-|·n+ -ªz¤ =lt- =·|i ª-·| ¤· ªº|¤·
+ a|- +| z|n ~| · ·¤¤t|· n ¤lz +·- +| v¤|= +·-i t l¤=+|
n-¤ t ¤+ +| v|¤|lª+i -·|| =¤| -|·|| n ª¤|-l·- +· ~ªº|i
¤-:l÷¤| ¤+ ¤-|-|
¤+ +i -i- ª-·i¤ vlz|-|º| ·¤¤ª·|| t l¤=n z|i·| ª-· ¤· l<-ni n
lª·|- +-:i¤ ªº|¤· +|n¤ t ¤| ---/¤l··a/n·¤ v¤-¬- ª÷ +
~l¬+|l·¤| +i vlz|-|º| ~|¤z¤+-|~| +| ¤¸·| +·-| t -i- -|·|i¤
ªº|¤· +|n¤ ¤n|¤·-¤i n-¤: nº|-- ~|· ¤-+n| n lª·|- t ¤|
¤l··a/n·¤/+l-·a v¤-¬- ~l¬+|l·¤| -·|| +|nª|· ªº|¤· +i vlz|-|º|
~|¤z¤+-|~| +| ¤¸·| +·- t -·|| =|- ~|-ln+ vlz|-|º| +-:
:¤ ÷ºi=i| < t·|<¸ - -: l<-ni ¤¤¤ · +| n+|-| +| l¤+| ÷ n l·|¤|-|
(¤ ¤º-| n lª·|- t ¤| n·¤ +l-·a v¤-¬- ª÷ ~|· +|nª|· ªº|¤·
+i vlz|-|º| ~|¤z¤+-|~| +| ¤¸·| +·- t ¤··i<|¤|< lª·|- ~|:ºi
vlz|-|º| +-: =¸--| v|¤|lª+i + -|·| n ~l¬+|l·¤| +i vlz|-|º|
~|¤z¤+-|~| +| ~--¤ ª¤ = ¤¸·| +·-| t
:=+ ~l-l·+- ¤i(-¤i =¸ --| -·|| v| ¤| lª+i = ª·||- :¤i(-¤i ~|: ~|: ºi|
¤| (+ ª¤-·| =ª·||- t +i ª·||¤-| nº|-- n +i ª: t ¤| ¤l+ª
v|¤|lª+i ¤· l¤l¤¬ ¤+| t- +|¤+n| +| =-|n- +·-| t -·||
:=- ~¤- ''(÷¤|= l÷-n|n| :- ¤l+ª'' º+-|n|¤i z|l-|+ +|¤+n
+ n|·¤n = lz|-|| + -|·| n ·|i v¤z| l+¤| t
--- <|l¤·¤| + l-¤| t + ln( -·|| --+i =ªa-|·n+ ¤ =|¤ ¤l-+
¤|-+|·i +| ¤·|- + ln( ¤+ l¤z|·| -|·|| n ·||·- -·|| l¤<z| <|-|
n vl-l·a- ¤|n =ª·||-| + n|·¤n = vlz|-|º| <-| t ª+n V -·||
VI + ·º +|¤¤|n+| + ln( -z|-n ¤¸-i¤l=ºi ~|¤· l=ª|¤·
-¤¸(=| l¤¤-= ª+¸n + =t¤|ª = --·¤ -·|| n|+ lºª +| z|n
¤·|- + ln( <| ¤l··a v¤-·|- +|¤ +n ~|¤|l¤- l+( ª( ¤·| +
<|·|- ¤+ n vlz|-|º| ªl-l¤l¬¤| +| ¤·|+= +º| +l·| (=(n:
l¤<z|i l¤l-n¤ =¸--| v|¤|lª+i (-¤i( v¤-¬- ¤|lº|n v¤-¬-
-·|| =|+º lª+n ÷¤n¤nº -|·|| ¤· ·t| t :=+ ~l-l·+- =·|i -(
·|-i =<ª¤| +| v¤-¬-/--·¤ l¤+|= +|¤+n| + n|·¤n = v¤z|
vlz|-|º| ~-=¸l-- ¤|l-/¤-¤|l- + +n-|l·¤| +| ¤<|--l- ¤¸¤
vlz|-|º| l<¤| ª¤| ¤·| + <| ·|- =+|¤ l¤+|= +|¤ +n¤·÷i¤i|
·|i ~|¤|l¤- l+( ª(
¤+ +i ¤lz|-|º| ¤|ln=i n ¤l-¤·| ·º· +n-|l·¤| +| vlz|-|º| <-
+i ~l·|+-¤-| t ¤·| .º¡¡¡. + <|·|- ¤+ - :- t|-= vlz|-|º|
=ª·||~| + n|·¤n = :···ª +n-|l·¤| +| ¡º·ªº n|-¤ l<¤=|
+| vlz|-|º| l<¤| :=+ ~l-l·+- ·||·- ~|· l¤<z| n lª·|- vl-l·a-
¤|n =ª·||-| n ¡··º ~l¬+|l·¤| - l¤lz|·º vlz|-|º|| n ·||ª ln¤|
~|ª|ni l¤·-i¤ ¤·| n =ªa-|·n+ ª¤|-·º| + ·||ª + ª¤ n ¤tn ti
¤i(-¤i vªl- ~|··| l+¤| t l¤=n ¤+ + =·|i +n-|l·¤| +| =|+º
lª+n ºl-ª <- +i ~l·|+-¤-| t
; -¬fª n
¤ + +i vlz|-|º| vº||ni ªº|¤· +| vlz|l-|- +·- t - v| ¤| lª+i
+| ·¤|¤+ ª¤ = :ª- n|n +·-i t ¤ + +i (+ -| n ¤ = º·
46
Knowledge Centre website, comprising of e-circular of all HO
Divisions, knowledge repository of latest banking and economic
updates. This web-site is available to the staff both through CBS
network as well as via internet.
'PNB Gyanuday', Bank's exclusive e-learning platform is accessible
24 X 7 to all employees across the country & abroad. This is an
interactive mode of learning that covers banking topics on various
areas viz. Credit, Foreign Exchange, Retail Banking, CBS/IT, KYC
(Know Your Customers)/ AML (Anti Money Laundering),
Marketing, Risk Management, Resolution of NPAs etc.
13. MANAGEMENT INFORMATION SYSTEM
Management Information System Division (MISD) was set up
with the objective of centralization of MIS. To achieve this
objective, Enterprise-wide Data Warehouse (EDW), had been
implemented. EDW has facilitated ready access to data required
for Regulatory/Statutory reporting as well as for analytical
purposes. So far EDW has customized 418 returns pertaining
to sixteen HO Divisions. LADDER (Loans and Advances Data
Desk for Evaluation & Reports) System, comprising of BASEL
& CIBIL modules, with monthly data updation periodicity, is
also being implemented for creating data base of loan accounts,
generation of credit related MIS & retrieval of credit related
information, asset classification and provisions computation in
respect of NPAs, etc.
The project of "Integration of LADDER with CBS" has been
implemented across the bank w.e.f. 1st Oct, 2010 and is aimed at
achieving single data entry point, stop opening of accounts manually
in LADDER, obviate the scope of manual intervention for Asset
Classification and minimize submission time of LADDER data.
Data of all accounts is being transmitted to three Credit Information
Companies on monthly basis through CIBIL Module, an extension
of Ladder System, thus enabling our branches to draw Credit
Information Reports (CIRs) for taking credit related decisions.
5,97,383 CIRs of prospective borrowers under Consumer category
and 16,957 CIRs under Commercial category were drawn from
CIBIL, Experian & Equifax database during the current year.
Bank is handling the issue of registering the particulars of equitable
mortgages with central registry. So far our bank has filed Security
interest (mortgages) by deposit of Title Deeds in 35000 cases. The
objective is to avoid multiple financing thereby preventing
perpetrators of frauds by mortgaging the same property to more
than one financial institution.
14. CUSTOMER CARE
PNB is committed to provide the best customer care and is using its
technology platform for ensuring consistent customer experience.
In order to ensure customer service of a high order, Bank has taken
concerted efforts to train the staff on the operational and behavioral
¤ ¤=|:º t l¤=n =nª- v¬|- +|¤| n¤ v·||ª| + : ¤l·¤·|
-¤i--n ¤ l+ ª ~| · ~|l·| + ¤|-+|l·¤| +i -| n ¤ l÷¤| l¤º·i
l-lt- t ¤t ¤ ¤=|:º ªº|¤· +| =i¤i(= - º¤+ -·|| : º·- º <| -|
n|·¤n| = -¤n·¬ t
¤i(-¤i a|-|<¤ ¤+ +| :nl-ª -nº¤·|n t ¤| <z| ~|· l¤<z| n
=nª- +n -|l·¤| +| .:x -¤n·¬ t ¤t :º·(l+º¤ nl- ª +| n|÷
t l¤=n l¤l¤¬ ¤l+ª l¤·|¤| ¤= +º| l¤<z|i l¤l-n¤ l·ºn
¤l+ª =i¤i(=/~|:ºi +¤|:=i :~¤- ª|t+ +| ¤|-|/((n(n
ºi n-i n|l÷ª| l¤¤º|- ¤|lº|n v¤-¬- (-¤i( +| =n|¬|-
~|l< +| +¤· l+¤| ª¤| t
+s. ¤¤-¤ª =¸¤ªr ¤¢rr¬t
v¤-¬- =¸ --| vº||ni +| + -:i+ - +·- + -ª z¤ = v¤-¬ =¸ --| vº||ni
v·||ªn~|: (=÷i| ª·||l¤- l+¤| ª¤| := v¤| ¤- +i v|l-- t -
: º·v|:¤ ÷|º| ¤ ¤· t|-= :: ÷i÷·-¤¸ | +|¤| l-¤- l+¤| ª¤| : º·v|:¤¤|:÷
÷|º| ¤ ¤· t|-= :: ÷i÷·-¤¸ | + ~|· ·| t| - = l-¤ ·|+/=| l¤l¬+ l·¤| lº ª
~| · l¤zn ·|º||·n+ -ª z¤ + ln( ~¤ l-|- ÷|º| = n·| t| ª¤| t : º·v|:¤
÷|º| ¤ ¤· t|-= :: ÷i÷·-¤¸ | ,|·| ~¤ -+ v¬|- +|¤| n¤ + ¡· v·||ª|
n = ¤ l¬- :¡º l¤¤·lº|¤| +ªºn|: ¤ +i ª: t n ÷· :n| -= (-÷
(÷¤| l== ÷|º| ÷ ª+ ¤·|· :¤ -¤¸ z|- ( ÷ l·¤| º =| vº||ni n ¤ l=n -·||
l=l¤n n| ÷¸ ¤¸ n z||lnn t l¤=n n|l=+ ~¤l¬ + ~| +÷ ~¤-- l+(
¤|- t ~| · :=+| v¤| ª +º| º||-| +| ÷|º| ¤ = - ¤|· +·- +º| =
= ¤ l·|- v¤-¬ =¸ --| l¤¤·lº|¤| + = ¤- (¤ +º| = = ¤ l¬- =¸ --| +
-¤¤| ¤- :l·lº ¤n| (-¤i( + = ¤ ¬ n ¤l·= ¤l-|¤| + ¤ªi +·º| ~| ·
v|¤¬|-| ~|l< +i ªº|-| + ln( l+¤| ¤|-| t
=n¸- ¤+ n ¡ ~+-¸¤· .º¡º = '':-ºª·z|- ~|¤· n÷· l¤<
=i¤i(='' ¤l·¤|¤-| +|¤| l-¤- +i ª: t -·|| :=+| -ªz¤ (+n
÷|º| vl¤l·º -¤|:º n÷· n n-~ni º||-| º||n- ¤· ·|+ nª|-|
~|lª-¤| + >º|i+·º| n n-~ni tª--|¤ +i =·||¤-|~| +| <¸· +·-|
-·|| n÷· ÷|º| vª-l- n nª- ¤|n =n¤ +| -¤¸--n +·-| t
=·|i º||-| + ~|+÷ n|l=+ ~|¬|· ¤· l=l¤n n|÷¸¤¸n ¤| n÷·
vº||ni +| l¤ª-|· t + n|·¤n = -i- +º| =¸--| +¤l-¤| +| ·|¤
¤|- t l¤== tn|·i z||º||~| +| +º| =¤¬i l-º|¤ n- + ln( +º|
=¸--| l·¤|º :=i~|:~|·| ¤-|- n =t|¤-| lnn =+ -|n¸ ¤·| +
<|·|- l=l¤n (+=¤l·¤- -·|| :+¤i¤·+= ÷|º| ¤= = ª|t+ >º|i +
~-ª- v·¤|lz|- +º| +-|~| + ·ºªºª =i~|:~|· -·|| ¤|lº|l-¤+
>º|i + ~-ª- ¡·º· =i~|:~|· ¤|-- l+( ª(
¤+ =¤|lz¤+ ¤¬+ + ·¤|· +| =ºn ·l¤ªºi n ¤¤i+- +·|- +
n|nn ¤· ·|i +|¤ +· ·t| t ~¤ -+ tn|· ¤ + - ª·ººº n|nn|
n ª¤|ln·¤ l¤nº| :º|:ºn ÷i÷| ¤n| +·¤| +· vl-·|¸l- :-º·ªº
:¤¬+| ¤·|: n l+( :=+| -ªz¤ t (+ ti =¤l-| +| (+ =
~l·|+ l¤·-i¤ =ª·||~| n lª·¤i ·º| +· ¬|º||¬÷i +·- ¤|n
~¤·|l¬¤| ¤· ·|+ nª| +· ¤tl¤¬ l¤·-¤|·|º| +| ·|+-| t
++. nrr¤ =¤r
¤i(-¤i =¤|·-n ª|t+ =¤| v<|- +·- + ln( vl-¤z t ~|· l-·--·
~-+¸n ª|t+ ~-·|¤| +| =l-lz-- +·- + ln( ~¤- v|¤|lª+i
-nº¤·|n +| -¤¤|ª +· ·t| t ¤+ --- ª-·i¤ ª|t+ =¤|
=l-lz-- +·- t- ªº|¤· +| ¤l·-|n- -·|| ·¤¤t|· ¤·+ ¤tn~| ¤·
47
aspects. Periodically reviews and other measures are taken on an
ongoing basis for improvement of Customer Service to minimize
the inflow of complaints.
Bank has a well defined Grievance Redressal Mechanism and
Grievance Redressal Policy available on its website. Efforts are made
to ensure that maximum numbers of complaints are redressed within
shortest possible time. The overall redressal mechanism is monitored
and strengthened to achieve tangible results. Bank's endeavor is to
fine tune the operations within the framework of Banking Code
and Standards Board of India (BCSBI) Code to achieve higher
operating standards. PNB is also entrusted with the responsibility
of managing Customer Service Centre at Delhi, for all nationalized
banks situated at Delhi.
Bank observed Customer Contact Week from 12.12.2011 to
17.12.2011 to improve the customer service, identify the areas
for improvement, understand the grievances of staff, motivate
them and to improve the up-keeping of bank branches. Theme
Based Meeting is conducted at monthly intervals to bring
awareness about bank's products and scheme and for improving
knowledge and skill amongst the staff. Theme Based Staff Meeting
Portal v1.0 A has recently been introduced on Bank's website.
Besides, Customer Day is being observed on 15th of every month
in all our branches.
Total number of complaints
Customer Complaints
a) No. of complaints pending at the beginning of 336
the year
b) No. of complaints received during the year 52934
2011-12
c) No. of complaints redressed during the year 52969
2011-12
d) No. of complaints pending at the end of the 301
March 2012
Awards Passed By The Banking Ombudsman
a) No. of unimplemented awards at beginning of 1
the year
b) No. of awards passed by the Banking Ombudsman 6
during year 2011-12
c) No. of awards implemented during the year 7
d) No. of unimplemented awards at the end of NIL
March 2012
15. STRATEGIC PLANNING & BUSINESS PROCESS RE-ENGINEERING
Bank continued to leverage the advantages of CBS and manage
change through BPR Initiatives involving People, Processes and
Technology. To provide quality experience to our esteemed
customers, various customer friendly initiatives like Introduction of
Cash Deposit machines, Cheque drop machines, etc. were
undertaken. For the convenience of customers and field
functionaries, a simple consolidated account opening form for
vlz|l-|- +·- + =¤¬ n a|= v¤|= +· ·t| t ª|t+ =¤| n =·||·
+· lz|+|¤-| n +ni n|- + ln( l-¤ln- ~|¬|· ¤· =ni-|| +i
¤|-i t -·|| ~-¤ -¤|¤ l+( ¤|- t
¤ + +| (+ =¤l··||l·|- lz|+|¤- l-¤º|- n +l--n t -·|| lz|+|¤-
l-¤º|- ¤|ln=i ¤ + +i ¤¤=|:º ¤· -¤n·¬ t v¤|= l+( ¤|- t
l+ ~l¬+-n lz|+|¤-| +| l-¤º|- ¤·||=·|¤ -¤¸--n =n¤ n +·
ln¤| ¤|( =nª l-¤º|- n+l--n +i n|l-ºl·ª +i ¤|-i t -·|| a|=
¤l·º||n| +i -¤nl·¬ + ln( -= =<· l+¤| ¤|-| t ¤ + +| v¤|=
t l+ ¤l+ª +|÷ (÷ ªº÷÷ ¤|÷ ~|¤· :l÷¤| :¤i=i(=¤i~|:| ,|·|
l-¬|l·- ¤l+ª =lt-| -·|| ¤l·-|n- n|-+| + ~-ª¤ ti ¤l·-|n-
l+¤| ¤|( l¤== ----n ¤l·-|n- n|-+| +| ¤ |-- l+¤| ¤| =+
¤i(-¤i +| ¤t -·-·<|l¤·¤ ·|i =| ¤| ª¤| t l+ ¤t l<-ni lª·|- =·|i
·|·ºi¤+- ¤+| n ª|t+ =¤| +-: +| v¤-¬- +·
¤+ - ª|t+ =¤| n =¬|· t- ¡..¡...º¡¡ = ¡.¡...º¡¡ -+
ª |t+ =--|t +| ~|¤|¤- l+¤| l¤== =¬|· ¤|·¤ -|·|| +i ¤t-|-
ªº|¤· +i =nª¤|~| +| =n¤-| ªº|¤· +| ¤|·=|lt- +·-| -·|| ¤+
z||º||~| n ~l¬+ =¬|· n|¤| ¤| =+ ªº|¤· +i ¤|-+|·i -·|| --+
+| z|n n =¬|· n|- + ln( n|l=+ ~|¬|· ¤· l¤·|¤ ~|¬|l·- ¤ a+
+| ~|¤|¤- l+¤| ¤|-| t l¤·|¤ ~|¬|l·- ªº|¤· ¤ a+ ¤|º n v1.0A
+| t|n ti n ¤ + +i ¤¤=|:º ¤· ~¤n|÷ l+¤| ª¤| t :=+
~l-l·+- tn|·i =·|i z||º||~| n ¤·¤+ n|t +i ¡· -|·iº| +| ª|t+
l<¤= + ª¤ n n-|¤| ¤|-| t
frr¤r¤ar ¤t ¤¬ ==¤r
nrr¤r ¤t frr¤r¤a
+| ¤·| + ~|··| n nl¤- lz|+|¤-| +i =º¤| ªª·
º|| ¤·| .º¡¡¡. + <|·|- v|-- lz|+|¤-| +i =º¤| ·.ºª:
ª| ¤·| .º¡¡¡. + <|·|- l-¤|·º| +i ª: lz|+|¤-| ·.º·º
+i =º¤|
·|| n|- .º¡. + ~- -+ nl¤- lz|+|¤-| +i =º¤| ªº¡
¤f¤n ¬r¤¤r¬ çrtr ¤rfta =¤rz
+| ¤·| + ~|··| n +|¤|l-¤- - l+( ª( ~¤|÷| +i =º¤| ¡
º|| ¤·| .º¡¡¡. + <|·|- ¤l+ª n|+¤|n ,|·| ¤|l·- ·
~¤|÷| +i =º¤|
ª| ¤·| + <|·|- +|¤|l-¤- l+( ª( ~¤|÷| +i =º¤|
·|| n|- .º¡. + ~- -+ +|¤|l-¤- - l+( ª( z|¸-¤
~¤|÷| +i =º¤|
+s. ¤r¤ªtfa ¤r¬ªr q¤ ª¤¤=r¤ ¤fa¤r tt-;¬tfª¤ftn
¤+ - =i¤i(= +| n|·| -a|- (¤ ¤i¤i~|· ¤tn| ,|·| n|ª|
¤ l+¤|~| (¤ -+-i+ +| z||lnn +· ¤l·¤- - l+¤| t tn|· n|--i¤
ª|t+| +| ªº|¤·-| ¤·+ ~-·|¤ <- + -ªz¤ = l¤l¤¬ ª|t+ ln·|
+<n ¤= -+<i ¤n| nz|i-| -+ ÷|¤ nz|i-| +i ª·||¤-| ~|l< -a|(
ª( ·| ª|t+| -·|| ¤·i-÷ +|¤+·-|~| +i =l¤·|| + ln( (+n
·¤l+- t- (+ =·n =nl+- º||-| º||n- +| ¤·|n -·|| (+ ¤·a +|
48
Individuals and a single page request form for term deposits have
been introduced. The narration in the statement of account
generated through e-mail, internet, Pass-book up dating & CBS
have been standardized which is easily understandable by the
customers. The expectations of our select clients have been met
with the introduction of the concept of opening of accounts through
"Welcome Kit", which instantly provides eight different services
along with opening of account.
To improve Organizational efficiency and effectiveness, Public
Provident Fund activities were linked with Link Cell, Nagpur, Fraud
Prevention & Investigation Section got delinked from Vigilance
Division, Rajbhasha Vibhag and DAK dispatch have been
successfully Centralised.
16. INTERNAL CONTROL SYSTEM
a. Credit Audit & Review
Credit Audit & Review as part of Loan Review Mechanism is
undertaken to examine compliance with extant sanction and
post-sanction processes/procedures laid down by the Bank
from time to time. During 2011-12, credit audit was conducted
in 'B' & above risk rated standard accounts with exposure of
` 10 crore & above and weak ('C' & 'D' risk rated) standard
accounts with exposure of `3 crore & above. Further, 5% of
accounts (selected on random basis) with exposure from
`5 crore to `10 crore and outstanding balance of `3 crore
and above were also subjected to Credit Audit.
As against RBI requirement of at least 30% to 40% of credit
portfolio to be reviewed every year, during 2011-12 credit
audit covered 63.9% of Bank's credit portfolio (Fund based
and Non Fund based). During 2011-12, Bank has formulated
policy of conducting Credit Audit of accounts in overseas
branches which is under implementation.
b. Internal Control
The main objective of Internal Audit System is to bring
effectiveness in the internal control, which has become quite
crucial in the fast changing Banking scenario. As per Annual
Financial Inspection (AFI) Report for the FY ended 2010-11
by RBI, rating of the Bank has improved under "Systems &
Controls".
Inspection & Audit Division (IAD) at the apex level with its
extended arms of (12) Zonal Audit Offices and a team of
Internal / External Auditors at field level, lays emphasis on
"Quality Growth" by identification, measurement and
mitigation of risks in day to day operations at branches of
the Bank. To achieve these objectives, various types of Audits
are conducted i.e. Risk Based Internal Audit (Onsite &
Offsite), Revenue Audit, Information System (IS) Audit,
Credit Audit, Snap Audit, Segment Audit and Compliance
Audit.
¤·|n =|¤l¬ ¤n| + ~-·|¬ + ln( - ¤|· l+¤| ª¤| t : nn
:º·-º ¤|=¤+ ~¤-- +·- -·|| =i¤i(= + n|·¤n = º||-|
l¤¤·º|i ¤-·º +·- ¤· l¤¤·º| +| n|-+i+·º| l+¤| ª¤| t ¤|
ª|t+| +| =·n-| = =n¤ ~| ¤|( tn|· -¤l-- ª|t+| +i
~¤-||~| +| ¤¸·| +·- + ln( '¤n+n l+º' + n|·¤n = º||-|
º||n- +i =+-¤-| +| ~|··| l+¤| ª¤| t ¤| º||-| º||n- + =|·|
ti ~|a l¤l·|-- =¤|( ·|i -¤n·¬ +·|-| t
=ªa-|·n+ <-|-| ¤ v·||¤z|in-| n =¬|· + ln( n|+ ·|l¤·¤ l-l·|
ªl-l¤l¬¤| +| ln+ =n -|ª¤· = ¤|÷| ª¤| t +|÷ l-¤|·º| -·||
¤|- +-| +| =-+ -| v·||ª = ~nª +· l<¤| ª¤| t ·|¤·||·|| l¤·||ª
-·|| ÷|+ v·|º| +| =¤·n-|¤¸¤ + +-:i+- +· l<¤| ª¤| t
+e. =raft¤ fª¤·r¢r ¤¢rr¬t
¤. =¢r ¬=rr¤tt+rr q¤ =nt+rr
+º| =ni-|| - ·|n~|·(n| + ltª= + ª¤ n ¤ + ,|·|
=n¤=n¤ ¤· l-¬| l·- ¤- n|- = ª¤i+ l-¤| ~| · = ª¤i+ l-¤| +
¤z-|- vl+¤|~| /+|¤ l¤l¬ + ~- ¤|n- +i ¤| - +·- + ln(
+º| n º||¤·i-|| (¤ =ni-|| +i ¤|-i t ¤·| .º¡¡¡. + <| ·|-
n|-+ > º|i + ''¤i'' ~| · --- ¤| lº|n ¤|n -- +º| º||-| n
l¤-+| + n +º| ¤| lº|n ª¤¤ ¡º +·| ÷ ~| · -== ~l¬+ t -·||
+n¤| · n|-+ º||- :''=i'' ~| · ''÷i'' ¤| lº|n · lº ª ¤|n | l¤-n
ª +·| ÷ ª¤¤ ~| · -== ~l¬+ +| (+=¤| ¤· t +i n º||¤·i-||
+i ª: ·|i :=+ ~l-l·+- · +·| ÷ ª¤¤ = ¡º +·| ÷ ª¤¤ -+
+i +º| ·|lz| + +º| º||-| ~| · ª +·| ÷ ª¤¤ -·|| -== ~l¬
+ ¤+|¤| z| ·| ¤|n º||-| n = ·· +º| º||-| +i :· ÷n ~|·||·
¤· -¤- l+( ª(| n º||¤·i-|| ·|i +i ª:
vl-¤·| +n = +n ªº· = :º· + +º| ¤|º ¤·|ln¤| +i =ni-||
+·- +i ·||·-i¤ l·¤¤ ¤+ +i ~¤-|| + ~-=|· ¤·| .º¡¡¡.
n ¤+ + ·ª.º· +º| ¤|º¤·|ln¤| :l-l¬ ~|¬|l·- ~|· ª· l-l·|
~|¬|l·-| +i +º| nº||¤·i-|| ¤¸·i +i ª: ¤·| .º¡¡¡. +
<|·|- ¤+ - ~|¤·=i¤ z||º||~| n +º| nº|| ¤·i-|| t- (+
-il- l-¬| l·- +i t l¤=+| +|¤| -¤¤- l+¤| ¤| ·t| t
=r. =raft¤ fª¤·r¢r
~|-l·+ nº||¤·i-|| vº||ni +| nº¤ -ªz¤ ~|-l·+ l-·i-|º|
vº||ni n v·||¤|·¤|<-+-| n|-| t ¤| -¤i = ¤<n- ¤l+ª
¤l·<z¤ n ~·¤l¬+ nt·¤¤¸º| t| ª: t l¤·-i¤ ¤·| .º¡º¡¡
t- ·||·-i¤ l·¤¤ ¤ + +i ¤|l·| + l¤·-i¤ l-·i-|º|(¤·~|: |
l·¤|º + ~-=|· vº||ni -·|| l-¤·|º| n ¤+ +i ·lºª n =¬|·
t~| t
l-·i-|º| (¤ n º||¤·i-|| v·||ª --- ª-· ¤· ~¤- ~| -ln+ n º||
¤·i-|| +|¤| n¤| :¡.| -·|| ¤·i-÷ ª-· ¤· ~| -l·+/¤|t·i n º||¤·i-|+|
+i ºin + =|·| ¤ + +i z||º||~| + < l-+ ¤l·-|n-| n ¤| lº|n|
+| ¤-| nª|- --+| ~|+n- l-ª·|-i +·- ¤ --t +n +·+
ª º|¤·-|¤·+ ¤ lz ¤· ¤n < -| t :- -ª z¤| +i v|l-- t - l¤l·|--
v+|· +i n º|| ¤·i-|| +i ¤|-i t ¤ = ¤| lº|n ~|¬|l·- ~| -l·+
n º||¤·i-|| :~| - =|:º ~| · ~| ¤·=|:º| ·|¤ª¤ n º||¤·i-|| =¸ --|
vº||ni :~|: (=| n º||¤·i-|| +º| n º||¤·i-|| ª- ¤ n º||¤·i-||
= ªn º n º||¤·i-|| -·|| ~- ¤|n- n º|| ¤·i-||
49
Various IT initiatives have been taken in the area of audit.
PNB is the first bank, to introduce online Risk Based Internal
Audit (e-RBIA) & Revenue Audit, which enables online
preparation, submission, processing, and compliance of audit
reports. Further, up gradation of server for e-RBIA, dedicated
cells for Cyber crime reporting and surveillance has also been
undertaken. CBS Lab has also been set up at each Zonal Audit
Office & IAD, to bring more effectiveness in control aspect,
through "Remote Audit".
In compliance of directions of RBI, shifting to 3x3 Matrix
has been ensured and all branches were subjected to RBIA
except newly opened branches, where Inspection was not
due during 2011-2012. Under RBIA, branches have been
categorized as Low Risk (3525), Medium Risk (1484) & High
Risk (6). Besides, entire undercharges pertaining to 2010-
11 identified during the course of Revenue Audit stand
recovered during 2011-12. Periodicity of revenue audit is
also changed to calendar year in order to book the income
in same financial year.
As on 31st March 2012, 818 branches/offices were under
concurrent audit, covering 75% of advances, 63% of deposits
and 68% of total business of the Bank, which is in line with
RBI stipulations. Concurrent audit of branches/ offices was
partially outsourced to CA Firms, on approved panel of the
Bank. Conducting FEMA audit of eligible branches was also
ensured. In view of CBS environment, rationalization of
various forms / documents has also been done, to make them
customer friendly.
c. Know Your Customer(KYC)/Anti Money Laundering(AML)
Bank has taken a number of initiatives to be more vigilant
while opening customers' accounts on the basis of the
guidelines issued by RBI/Government of India from time to
time. In order to check opening of fresh accounts without
complying with KYC requirements, Bank has modified the
procedure in the CBS system and the accounts are now being
opened only after complying with KYC norms. The system
generated alerts through AML Software are monitored on
daily basis based on predefined parameters for detecting
transactions of suspicious nature.
The reports like Cash Transaction Reports (CTRs), Counterfeit
Currency Reports (CCRs) and Suspicious Transaction Reports
(STRs) are periodically sent to Financial Intelligence Unit-India
(FIU-IND).
d. Management Audit
The Bank has in place a Risk Based Management Audit (RBMA)
system for conducting management audit of its Administrative
Offices. The audit is based on risk templates and risk profiles
nº|| ¤·i-|| + -|·| n l¤l¤¬ ~|:ºi ¤tn +i ª: t ¤i(-¤i
¤tn| ¤+ t l¤=n ~|- n|:- ¤|lº|n ~|¬|l·- ~|-l·+
nº||¤·i-|| ::~|·¤i~|| -·|| ·|¤ª¤ nº||¤·i-|| v|·-·| +i
ª: t ¤| ~|-n|:- ~|l÷º l·¤|º| +| -¤|· +·- vª-- +·-
v|=l=ª ~-¤|n- +|·¤|: +·- n =t|¤+ t :=+ ~l-l·+-
:~|·¤i~| =¤· +| ~¤ª÷ +· =|:¤· ~¤·|¬ l·¤|lºª -·||
l-ª·|-i +-|| + ln( =nl¤ - l+¤| ª¤| t v·¤+ ~-n
nº||¤·i-|| +|¤|n¤ -·|| l-·i-|º| ¤ nº||¤·i-|| t- =i¤i(= n¤
+i ·|i ª·||¤-| +i ª: t l¤=n 'l·n|º ~|l÷º' + n|·¤n =
l-·i-|º| ¤tn¸ n ~|· ~l¬+ v·||¤|·¤|<+-| n|: ¤| =+
·||·-i¤ l·¤¤ ¤+ + l-<z||-=|· ªXª nlº+= n ª·||-|--l·-
t|- +| ~-¤|n- =l-lz-- l+¤| ª¤| t -·|| (=i -: z||º||~|
+| ¤|÷+· l¤-+| l-·i-|º| ¤·| .º¡¡¡. + <|·|- <¤ -ti ·||
=·|i z||º||~| n ¤|lº|n ~|¬|l·- ~|-l·+ nº||¤·i-|| +i ª: t
¤|lº|n ~|¬|l·- ~|-l·+ nº||¤·i-|| + ~--ª- z||º||~| +|
+n ¤|lº|n :ª·.·| n·¤n ¤|lº|n :¡:º:| -·|| --- ¤|lº|n
:·| >lº|¤| n ¤|º| ª¤| t :=+ ~l-l·+- .º¡º¡¡ =
=¤l·|- ·|¤ª¤ nº||¤·i-|| + <|·|- ¤t-|- l+( ª( +n v·||·|
+i ¤=¸ni .º¡¡¡. + <|·|- +i ª: t ·|¤ª¤ nº||¤·i-|| +i
~|¤l¬+-| +| + n-÷· ¤·| +· l<¤| ª¤| t l¤== ~|¤ +|
-=i ¤·| n ¤ti¤z l+¤| ¤| =+
ª¡ n|- .º¡. +| º¡º z||º||(/+|¤|n¤ =ª|ni nº||¤·i-|| +
~¬i- ·| l¤-n ¤+ +| ·· ~lªn ·ª· ¤n| -·|| ·º· +n
+|·|¤|· t ¤| ·||·-i¤ l·¤¤ ¤+ + l<z||l-<z|| + ~-ª¤ t
z||º||~|/+|¤|n¤| +i =ª|ni nº||¤·i-|| +| +|¤ ~|-l·+ ª¤
= ¤+ ,|·| ~-n|l<- =i( ¤·n| = +·¤|¤| ª¤| ¤|·| z||º||~|
+i (¤·: (n( nº||¤·i-|| ·|i =l-lz-- +i ª: =i¤i(= ¤¤| ¤·º|
+| ·¤|- n ·º|- t( l¤l¤¬ ¤·|n|/<ª-|¤¤| +| ¤l+-+·º| +·
--t ª |t+ ln·| ¤-|¤| ª¤| t
n. =¤ª n rr¤ ¤r ¬rfªq (¤ ¤r; =t¸.¤ª rrr ¤ª fª¤rt¤ (qqnq¬¸
·||·-i¤ l·¤¤ ¤ +/·||·- =·+|· ,|·| =n¤=n¤ ¤· ¤|·i
l<z||l-< z|| + ~|¬|· ¤· ª |t+| +| º||-| º|| n- =n¤ ~l·|+
=-+ -| ¤·-- t ( ~- +| +<n -a|( t + ¤|: =i ~¤ -||~| +
~- ¤|n- + l¤-| -( º||- º|| n- ¤· l-¤ ·|º| ·º|- + ln(
¤ + - =i¤i(= vº||ni vl+¤| n ¤l·¤- - l+¤| t -·|| ~¤
º||- + ¤n + ¤|: =i ~- ¤|n- + ¤z-|-¸ ti º|| n ¤|- t
= l<·¬ v+|· + n -< -| +i < l-+ ~|¬|· ¤· n| l-ºl· ª +i
¤|-i t l¤=+ ln( ¤ + - ~·¤|¬ l-+ ((n(n =|+º¤ ¤·
nª|¤| t
-+<i n-<- l·¤|º +|-º·¤·iº +·=i l·¤|º ~|· =l<·¬
n-<- l·¤|º =n¤=n¤ ¤· l¤·-i¤ =-+-| :+|::l÷¤|
¤·~|: ¤¸:÷| +| ·|¤i ¤|-i t
rr. ¤¤-¤ª ¬=rr¤tt+rr
¤+ + vz||=l-+ +|¤|n¤| +i v¤-¬- nº||¤·i-|| t- ¤+ n
¤|lº|n ~|¬|l·- v¤-¬- nº||¤·i-|| :~|·¤i(n(| vº||ni t ¤t
nº||¤·i-|| ¤+ n ¤|lº|n º-¤nº¸= -·|| ¤|lº|n v|¤·|:n ¤·
50
prepared in-house to capture risk perceptions inherent in
various areas of functioning of administrative offices including
decision making process, communication system, efficient
resource utilization, means used to achieve the goals etc.
During the year 2011-12, based on approved Annual Audit
Plan, Bank conducted management audit of 65 Circle Offices,
6 Zonal Audit Offices, 3 Training Establishments, 3 Regional
Rural banks, 10 Field General Managers' Offices and 37 HO
Divisions. Audit of three domestic and three overseas
subsidiaries was also conducted during the year.
e. Compliance Division
Bank has appointed a Chief Compliance Officer in the rank of
a Chief General Manager. In pursuance to the compliance
Policy of the Bank, Divisional Compliance Officers, Circle
Compliance Officers, Branch Compliance officers, Compliance
officers at each training centers, ZAOs, Foreign Branches,
subsidiaries etc. have been designated in all Divisions of HO,
Circle offices, branches and other offices. Further, compliance
functions have been identified for all HO Divisions/Circles/
Branches and reporting mechanism has also been established
at various levels for compliance in accordance with the
guidelines of RBI. Compliance testing/mapping review on
various products of the Bank is being carried out on a regular
basis. In order to have better control on compliance risk and
plugging off the leakage in the compliance, if any, compliance
review of each Circle and sensitization of compliance officers
at various levels has also been undertaken.
f. Vigilance
Bank continued its emphasis on vigilance matters and has
recently changed its focus from punitive vigilance to
participative and proactive vigilance. Towards this, many
activities were undertaken during the year.
In order to strengthen the vigilance mechanism, Whistle Blower
Policy as approved by the Board has been placed on Bank's
Website. The policy has been successfully implemented and
inflow has started under this policy. Vigilance Audit has also
been introduced in PNB, under which more than 35 offices
have been covered. Transparency has been brought in the
charge sheets served on employees, which now specify whether
charge sheet is issued in vigilance or non vigilance category.
Similarly, objective formats have been devised for submission
and putting up of 1st and 2nd stage cases for uniform
assessment by Disciplinary Authority, wherever necessary.
For the FY 2011-12, 712 preventive/ proactive vigilance
seminars have taken place in the Bank. Officers have surpassed
such visits for 2011-12 by 69%. Creating vigilance awareness
in Circle Offices has gone up to 167 visits in 2011-12 as against
64 in 2010-11 showing an increase of 160%. Various seminars
~|·||l·- t l¤== vz||=l-+ +|¤| n¤| +i v+|¤| ·n+-| l-º| ¤
n- +i vl+¤| =v·|º| vº||ni <-| = |- -¤¤|ª n-¤ -¤nl·¬
+ ln( v¤+- =|¬- ~|l< z||lnn t + l¤l¤¬ -|·|| n =·||l¤-
¤|lº|n +| l-¤l·|- l+¤| ¤| =+
¤·| .º¡¡¡. + <|·|- ~-n|l<- nº||¤·i-|| ¤|¤-| + ~|¬|·
¤· ¤+ - ·· n÷n +|¤|n¤| · ~|-ln+ nº||¤·i-|| +|¤|n¤|
ª vlz|-|º| ª·||¤-|~| ª -| ·|i¤ ª |niº| ¤ +| ¡º ¤·i-÷ nt|v¤-·|+
+|¤| n¤| -·|| v¬|- +|¤| n¤ + ª v·||ª| +i v¤-¬- n º||¤·i-||
+i ¤·| + <|·|- ª ·|·n¸ -·|| -i- ~|¤·=i¤ ~-·|lª¤| +i
nº||¤·i-|| ·|i +i ª:
z. =ª¤r¬ª ¤+rrn
¤ + - nº¤ nt|v¤-¬+ ª-· + nº¤ ~-¤|n- ~l¬+|·i +i
l-¤l+- +i t ¤+ +i ~-¤|n- -il- + ~-=·º| n v·||ªi¤
~- ¤|n- ~l¬+|l·¤| n ÷n ~- ¤|n- ~l¬+|l·¤| z||º|| ~- ¤|n-
~l¬+|l·¤| v·¤ + vlz|-|º| + -: n ~- ¤|n- ~l¬+|l·¤| ~| -ln+
nº||¤·i-|| +|¤|n¤ l¤<z|i z||º||~| ~-·|lª¤| ~|l< n -·||
v¬|- +|¤|n¤ + =·|i v·||ª| n÷n +|¤|n¤| z||º||~| ~|·
~-¤ +|¤| n¤| n ~-¤|n- ~l¬+|·i ¤<-|ln- l+¤| ª¤| t
:=+ ~l-l·+- v¬|- +|¤|n¤ + =·|i v·||ª|/n÷n|/z||º||~| +
~-¤|n- +|¤| +| l-l<·º l+¤| ª¤| t -·|| ·||·-i¤ l·¤¤ ¤+
+ l<z||l-<z|| + ~-=|· l¤l·|-- ª-·| ¤· ~-¤|n- t- l·¤|lºª
n+l--n ·|i ª·||l¤- l+¤| ª¤| t ¤+ + l¤l·|-- -·¤|<| +
=¤¬ n ~-¤|n- ¤·i-|º|/~|+n- =ni-|| l-¤ln- ~|¬|· ¤·
+i ¤| ·ti t ~-¤|n- ¤|lº|n ¤· ¤t-· l-¤·|º| t- -·||
~-¤|n- n l+=i ·|i v+|· +i +ni +| ¤l< +|: t +| ·|+-
+ ln( v·¤+ n÷n -·|| l¤l¤¬ ª-·| ¤· +|¤·- ~-¤|n-
~l·|+|l·¤| +i =¤<-z|in-| +i =ni-|| +i ¤|-i t
¤. =a¤ar
¤+ - =-+-| n|nn| ¤· ¤n <-| ¤|·i ·º|| t -·|| t|n ti n
~¤-| ·¤|- <÷|·n+ =-+-| = tº|+· =t·||lª-|¤¸º| -·||
=l+¤ =-+-| ¤· l+¤| t := =¤¬ ¤·| + <|·|- n ~-+|
ªl-l¤l¬¤| +i ª: t
=-+-| -·| +| =<· +·- + ln( l-<z|+ n÷n ,|·| ~-n|l<-
l·t=n ·n|~· -il- ¤ + + ¤¤=|:º ¤· -¤n·¬ +·|¤i ª¤i t
-il- +| =¤·n-|¤¸¤ + +|¤| -¤¤- l+¤| ª¤| t -·|| := -il- +
-t- =¸--|( ~|-i ~|··| t| ª: t ¤i(-¤i n =-+-| nº||¤·i-||
·|i ~|··| +i ª: t l¤=+ ~-ª - ª· = ~l¬+ +|¤| n¤| +|
+¤· l+¤| ª¤| t +n-|l·¤| +| l<( ¤|- ¤|n ~|·|¤¤·|| n
¤|·<lz| -| n|: ª: t l¤=n ¤t ª¤·º l+¤| ¤|-| t l+ ~|·|¤
¤·| =-+ -| ~·|¤| ª · =-+ -| l+= >º|i n ¤|·i l+¤| ª¤| t
:=i v+|· ~-z||=l-+ v|l·|+|·i ,|·| ¤·|| ~|¤z¤+-| =nª¤
n¸-¤|+- t- ¤tn -·|| <¸=· -·º| + n|nn| n ¤ª-l- + ln(
¤·|nº +| ¤ª-l-·a ¤-|¤| ª¤| t
l¤·-i¤ ¤·| .º¡¡¡. n ¤+ n ¡. l-¤|·º|/=l+¤ =-+-|
=ln-|·| +| ~|¤|¤- l+¤| ª¤| ¤·| .º¡¡¡. t- ~l¬+|l·¤|
- ·º· = ·|i ~l¬+ =-+-| <|· l+( .º¡¡¡. + <|·|-
n÷n| n =-+-| ¤|ªª+-| n|- + ln( ¡· <|· l+( ª(
¤¤l+ .º¡º¡¡ n ¤ ·: <|· l+( ª( ·| ~·||-¸ :-n ¡·º·
51
on proactive and preventive vigilance have been held in Delhi,
Lucknow, Jaipur, etc. along with CBI, RBI & other outside
agency spreading the message of participative and preventive
vigilance & anti-corruption measures.
Vigilance Awareness Week was held in the Bank from
30.10.2011 to 05.11.2011. A full day seminar was held
on 03.11.2011 at Central Staff College, Delhi with more
than 150 participants. A seminar on Cheque Truncation
System was attended by 17 major banks in Delhi on
14.12.2011, for preventing Cheque Frauds. PNB also
participated in a "Conference of Chief Vigilance Officers'
at Vigyan Bhawan, Delhi organized by Department of
Fi nanci al Servi ces, Mi ni stry of Fi nance. Si mi l arl y a
Conference was organized at Head Office, New Delhi on
28.02.2012 attended by GM/Chief Vigilance Officer of 17
Banks/FIs along with other senior Officials of CBI, Delhi
for fighting the menace of frauds and corruption in the
system. The Conference was held to understand and
develop close liaison between these two pillars of the
financial sector in the country.
17. RIGHT TO INFORMATION ACT
The Right to Information act has been implemented by the Bank.
The relevant information as per the Right to Information Act has
been posted on the Bank's website (www.pnbindia.in). During
2011-12, Bank received 10118 applications, of which 8413
applicants were provided information. While none of the
applications was found ineligible, 1361 applications were found
exempted under the provisions of the Act.
18. IMPLEMENTATION OF OFFICIAL LANGUAGE POLICY
Bank has always been leading in the area of implementation of
Official Language and has achieved most of the targets in all
parameters fixed by Govt. of India, Ministry of Home Affairs,
Department of Official Language for the FY 2011-12. Bank has
completed the work of CBS bilingualisation and is using Unicode
fonts for Hindi correspondence at all levels.
During the year, Bank has been awarded with several prizes for its
excellent performance in the use of Hindi which includes Indira
Gandhi Rajbhasha Shield - a top most prize scheme of Govt. of
India, RBI Rajbhasha Shield and other Regional level prizes of
Ministry of Home Affairs. RBI has declared first prize for our Bank's
in House Magazine "PNB Staff Journal" in the inter-bank bilingual
house magazine competition. In addition, Town Official Language
Implementation Committees situated in different locations of the
country and other Non-Govt. Organisations have also awarded
our Bank offices. Our Bank is successfully convening the Town
Official Language Implementation Committees constituted by Govt.
of India in Delhi, Bharatpur, Kanpur, Chandigarh, Dharamshala,
Sriganganagar, Bulandshahar, Dehradun and Muzaffarnagar.
The third sub-committee of Committee of Parliament on Official
Language visited our Branch Office-Manali on 11th June, 2011
+i ¤lz t: l<-ni nº|-- ¤¤¤· ~|l< n =i¤i~|: ·||·-i¤
l·¤¤ ¤ + -·|| ~-¤ ¤|t·i (¤l=¤| + =|·| lnn+· =l+¤ -·||
l-¤|·+ =-+ -| ¤· =ln-|·| +| ~|¤|¤- l+¤| ª¤| l¤==
=t·||ªi -·|| l-¤|·+ =-+-| -·|| ·|·º|-|· l¤·|·|i -¤|¤| +|
=<z| v-|l·- t~|
¤ + n ªº.¡º..º¡¡ = º·.¡¡..º¡¡ -+ =-+ -| ¤|ªª+-|
=--|t n-|¤| ª¤| ºª.¡¡..º¡¡ +| +-:i¤ ªº|¤· +|n¤ l<-ni
n ¤¸· l<- +| =ln-|· ~|¤|l¤- l+¤| ª¤| l¤=n ¡·º = ·|i
~l¬+ =t·||ªi ·| -+ +|÷ l-¤|·º| ¤· l<-ni n ¡:.¡...º¡¡
+| -+ º+z|- vº||ni ¤· ~|¤|l¤- =ln-|· n ¡ nº¤ ¤+|
- ·||ª ln¤| ¤i(-¤i - l¤·-i¤ =¤|( l¤·||ª l¤·- n·||n¤ ,|·|
l¤a|- ·|¤- l<-ni n ~|¤|l¤- nº¤ =-+ -| ~l¬+|l·¤| +
=-nn- n ·|i ·||ª ln¤| :=i v+|· v¬|- +|¤| n¤ -: l<-ni
n .º.º...º¡. +| +|÷ + º|-·| -·|| vº||ni n ·|·º|-|· l¤·|¤
¤· =-nn- +| ~|¤|¤- l+¤| ª¤| l¤-n ¡ ¤ +|/l¤·-i¤
=ª·||-| + nt|v¤-¬+|/nº¤ =-+-| ~l·|+|l·¤| -·|| =i¤i~|:
l<-ni + ~-¤ ¤l··a ~l¬+|l·¤| + =|·| +|÷ + º|-·| -·||
vº||ni n ·| ·º|-|· + z|n- ¤· l¤-|·l¤nz| l+¤| ª¤| =-nn-
+| ~|¤|¤- <z| + l¤·-i¤ -|·| n :- <| ª--·|| +| =n¤- -·||
l-+º =¤+ l¤+l=- +·- + -ªz¤ = l+¤| ª¤| ·||
+z. =¸ ¤ªr ¤r =f¤¤rt =f¤fª¤n
¤ + ,|·| =¸--| +| ~l¬+|· ~l¬l-¤n +|¤| l-¤- l+¤| ª¤| t =¸--|
+| ~l¬+|· ~l¬l-¤n = =¤z ~¤l-|- =¸--| ¤ + +i ¤¤=|:º
(www. pnbindia.in) ¤· -¤n·¬ +·|¤| ª¤| t ¤·| .º¡¡¡. + <| ·|-
¤+ +| ¡º¡¡º ~|¤<- v|-- t( l¤-n = º:¡ª ~|¤<+| +| =¸--|
-¤n··| +·¤|: ª: +|: ·|i ~|¤<- ~-¤¤+- -ti ¤|¤| ª¤| ~|·
¡ª·¡ ~|¤<-| +| ~l¬l-¤n + v|¤¬|-| + ~-ª- ¤¸º + ln(
-¤¤+- ¤|¤| ª¤|
+s. tr¬+rrrrr ªtfa ¤r ¤r¤r-¤¤ª
¤+ ·|¤·||·|| + +|¤|-¤¤- + -|·| n =<¤ ~ªº|i ·t| t ~|· ·||·-
=·+|· ªt n·||n¤ ·|¤·||·|| l¤·||ª ,|·| l¤·-i¤ ¤·| .º¡¡¡. +
ln( l-¬|l·- =nª- ¤·|niº·| ¤· ~l¬+|z| n-¤| +| v|-- +· ln¤|
t ¤+ - =i¤i(= l,·||·|i+·º| +| +|n ¤¸·| +· ln¤| t -·|| =·|i
ª-·| ¤· lt<i n ¤·||-|· + ln( ¤¸-i+|÷ ¤·|-º +| v¤|ª +· ·t| t
¤·| + <|·|- ¤+ +| lt-<i + v¤|ª t- ~-+| ¤·ª+|· v<|- l+(
ª( t l¤-n :l-<·| ª|¬i ·|¤·||·|| z|i-÷·||·- =·+|· +i =¤|--
¤·ª+|· ¤|¤-| ·||·-i¤ l·¤¤ ¤+ ·|¤·||·|| z|i-÷ -·|| ªt n·||n¤ +
~-¤ -|·|i¤ ª-· + ¤·ª+|· z||lnn t ·||·-i¤ l·¤¤ ¤+ - ~-·¤+
l,·||·|i ªt ¤l·|+| vl-¤|lª-| n tn|· ¤+ +i ªt ¤l·|+| ''¤i(-¤i
ªº|¤· ¤- n'' +| v·|n ¤·ª+|· v<|- l+¤| t :=+ ~l-l·+- <z| +
l¤l·|-- ·||ª| n lª·|- -ª· ·|¤·||·|| +|¤|-¤¤- =lnl-¤| -·|| ~-¤ ª·
=·+|·i =ªa-| ,|·| ·|i tn|· ¤+ +|¤|n¤| +| ¤·ª+- l+¤| ª¤| t
tn|·| ¤+ ·||·- =·+|· ,|·| ªla- -ª· ·|¤·||·|| +|¤|-¤¤- =lnl-¤|
+| l<-ni ·|·-¤· +|-¤· -÷iª· ¬nz||n| >iªª|-ª· ¤n<z|t·
<t·|<¸- -·|| n-¤¤··-ª· n =¤·n-|¤¸¤+ =-|n- +· ·t| t
·|¤·||·|| ¤· ==<i¤ =lnl- +i -i=·i -¤ =lnl- - ¡¡ ¤¸- .º¡¡ +|
tn|· z||º|| +|¤| n¤ n-|ni +| <| ·| l+¤| -·|| ¤ + ,|·| lt<i +
52
and appreciated the efforts made by the Bank for progressive use
of Hindi. Bank celebrated 'Hindi Maah' in the month of September
2011 when various competitions are organised at all India levels in
which staff members participated enthusiastically.
19. PNB'S SUBSIDIARIES & REGIONAL RURAL BANKS
a. PNB HOUSING FINANCE LIMITED (PNBHFL)
During the year, Company has started implementation of new
business transformation project, started in 2010-11 aimed at
making PNBHFL a robust organization in coming years. To
begin with, the Company has rolled out marked to market
credit program, new credit and vendor management policy,
established three hubs for credit underwriting and recruited
specialised manpower from the industry. The remaining portion
of business transformation project will be completed in
FY 2012-13.
During 2011-12 the Company has made fresh sanctions of
`1668 crore, registering 20 % growth and fresh disbursements
of `1508 crore with a YOY 19% growth. The total loans
outstanding as on 31st March 2012 were ` 3970 crore with a
growth of 25% over previous year. The average ticket size
for retail loans sanctioned during 2011-12 was ` 31 lacs.
During the year, deposits have increased by 65% to ` 363
crore.
During 2011-12, company has earned a total income of
`463 crore that has grown by a 27% over previous year. While
Profit before tax stood at ` 103 crore, Profit after Tax was
` 75 crore with Net Interest Margin at 2.80 %. The total net
worth of the Company as on 31st March, 2012 was
`392 crore and the CRAR was 17.77%. The Book Value of
Company's share was `131 and the EPS was `25.06/-.
During the year, the Company laid special emphasis on
reducing delinquencies and as a result, Gross NPAs reduced
from 1.31% in March 2011 to 1.04% in March 2012.
Similarly, Net NPAs reduced from 0.94% to 0.67% of the net
loans outstanding and Provision Coverage Ratio as on 31st
March 2012 was 75%.
b. PNB GILTS LIMITED
Against the above backdrop of tight liquidity conditions
and rising interest rates, PNB Gilts Ltd continued to fulfill
all its obligations as a Primary dealer in both Primary and
Secondary market. Despite significant amount being raised
in Treasury Bills and Cash Management Bills, PNB Gilts Ltd
exceeded the stipulated success ratio of 40%. Due to
significant rise in interest rates in general and short term
rates in particular, company's Net Interest Margin was
affected. However, to minimize the risks in a rising interest
rate environment, company traded aggressively with the
total secondary turnover i ncreasi ng si gni fi cantl y
to ` 2, 08,982 crore from ` 68,745 crore in 2010-11. The
total profit before tax stood at ` 29.64 crore as against
`44.04 crore in 2010-11.
vª|ni v¤|ª + =¤¬ n l+( ¤| ·t v¤|=| +i =·|t-| +i ¤+ -
l=--¤· .º¡¡ +| 'lt-<i n|t' + ª¤ n n-|¤| -·|| := <|·|- ~lº|n
·||·-i¤ ª-· ¤· l¤l¤¬ vl-¤|lª-|~| +| ~|¤|¤- l+¤| ª¤| l¤=n
ªº|¤· =<ª¤| - ¤·-· +· ltª=| ln¤|
+v. ¤tqª¤t ¤t =ªrrnt ¤¤fª¤r =rt +r·rt¤ nrnt¢r ¤¤
¤. ¤tqª¤t rr=f=n ¤·r;ª= f¬fnºz (¤tqª¤tq¤q¤·q¬¸
¤·| + <|·|- +¤-i - .º¡º¡¡ n v|·-·| l+( ª( -( +|·|¤|·
ª¤|-·º| ¤l·¤|¤-| +| +|¤| -¤¤- l+¤| l¤=+| n-¤ t ~|ª|ni
¤·|| n ¤i(-¤i(-(¤·(n +| (+ =<· =ªa- ¤-|-| ~|··| n
+¤-i - n|+÷ º¸ n|+º +º| +|¤+n -( +º| -·|| ¤÷·
v¤-·|- -il- -i- +º| t|ni<|·i t¤ +i ª·||¤-| -·|| -¤|ª =
-: l¤z|·|-| v|-- +n -|l·¤| +i ·|-i +| +|¤ l+¤| t +|·|¤|·
ª¤|-·º| ¤l·¤|¤-| +| z|·| +|¤ l¤·-i¤ ¤·| .º¡.¡ª n ¤¸·|
+· ln¤| ¤|(ª|
.º¡¡¡. + <| ·|- + ¤-i - ª¤( ¡··º +·| ÷ +| -¤ +º|
ª¤i+ - l+( l¤=n .º· +i ¤ lz <¤ t : t -·|| ¤·|| - ¤·| ¡º·
+i ¤ lz + =|·| ª¤( ¡·ºº +·| ÷ +| -¤| = l¤-·º| l+¤| t ª¡
n|- .º¡. -+ + n ¤+|¤| +º| ª¤( ªºº +·| ÷ ·| ¤| l¤¤n
¤·| +i - n-| n .·· ~l¬+ t .º¡¡¡. + <| ·|- ª¤i+ - l·º n
+º| +| ~| =- lº+º ~|+|· ª¤( ª¡ n|º| ·t| ¤·| + <| ·|-
¤n| ··· +i ¤ lz + =|·| ª¤( ª·ª +·| ÷ t| ª:
.º¡¡¡. + <|·|- +¤-i - ª- ¤·| +i -n-| n .· +i ¤lz
+ =|·| +n :·ª +·|÷ ª¤( +i ~|¤ ~l¤ - +i +· ¤¸¤ n|·|
ª¤( ¡ºª +·|÷ ·t| ¤¤l+ +· ¤z-|-¸ ..ºº· + +n ·¤|¤
n|l¤- = ª¤( · +·|÷ ·t| ª¡ n|- .º¡. +| +¤-i +| +n
n¸-¤ ª¤( ªº. +·|÷ -·|| =i~|·(~|· ¡.· ·|| +¤-i +
z|¤· +| ¤ti n¸-¤ ª¤( ¡ª¡ -·|| : ¤i(= ª¤( .·.º· ·t|
¤·| + <|·|- +-¤-i - ~¤-|· n +ni n|- ¤· l¤z|·| ¤n l<¤|
l¤=+ ¤l·º||nª¤ª¤ =+n (-¤i( n|- .º¡¡ + ¡.ª¡· =
·|º+· n|- .º¡. +| ¡.º:· t| ª¤| :=i ¤ +|· l-¤n ¤+|¤|
+º| +i -n-| n l-¤n (-¤i( º.º:· = ·|º+· º.·· t| ª¤|
-·|| ª¡ n|- .º¡. +| ¤|¤¬|- +¤·¤ ~-¤|- ·· ·t|
=r. ¤tqª¤t fnrº f¬fnº z
+÷i -nl-l¬ ¤l·lª·|l-¤| -·|| ¤·-i t: ·¤|¤ <·| +i ¤·a ·|¸ln
n ¤i(-¤i lª-º= ln. - nº¤ (¤ ª|º| ¤|¤|· n v|:n·i ÷in·
+ ª¤ n ~¤-i <|l¤·¤| +| ¤¸·| l+¤| º¤·i l¤n -·|| -+<i
¤¤¬- l¤n| n ¤¤|-- ·|lz| ¤·- + ¤|¤¤¸< ·|i ¤i(-¤i lª-º=
- :º· + l¤l-l<·º =¤·n-| ~-¤|- +| ¤|· l+¤| =|n|-¤ -|·
¤· ·¤|¤ <·| -·|| l¤z|·|-· ~-¤|¤l¬ ·¤|¤ <·| n nt·¤¤¸º|
¤lz + +|·º| +¤-i +| +n ·¤|¤ n|l¤ - v·||l¤- t~| -·||l¤
¤·-i t: ·¤|¤ <·| + ¤l·¤z| n ¤|lº|n +| -¤¸--n +·- +
ln( +¤-i - -·=|t¤¸¤+ ·¤|¤|· l+¤| l¤== ª|º| º-~|¤·
.º¡º¡¡ + ª¤( ·º:· = ¤·+· ª¤( .ºººº. t| ª¤|
+· ¤¸¤ +n n|·| ª¤( .º.·: +·|÷ ·t| ¤¤l+ .º¡º¡¡ n
¤t ª¤( ::.º: +·|÷ ·||
53
c. PUNJAB NATIONAL BANK (INTERNATIONAL) LIMITED
(PNBIL)
During the year 2011-12, PNBIL added one more branch
at Wolverhampton, to take the total number of branches
to seven. Deposits increased from $654.66 million to
$ 857.26 million, thus recording growth of 30.95%. As a
result of major focus on increasing the retail base, the number
of accounts has gone up from 28135 to 36310. During the
same period, advances have gone up from $ 705.36 million
to $ 883.76 million. Thus total business has gone up from
$1360 million as on 31st March 2011 to $ 1741 million as on
31.03.2012, registering a growth of 28%. Operating profit
has gone up from $10.78 million to $ 15.95 million, registering
growth of 47.96%.
Bank's strength is on account of its clear strategic plan and
well identified retail customer base for penetrating the Indian
sub sector of the UK market with potential for money transfers
and related non-interest income. Strategic integration, parental
support, niche positioning and competitive advantage in its
targeted customer base are the key advantages the Bank is
enjoying in UK. In the ongoing financial market conditions,
where depositors are eager to spread the risk by covering
their deposit under Financial Compensation Scheme, PNBIL is
offering one such alternative.
Bank has in place it's well defined and clearly laid down policies
on Risk Management, Audit and Compliance. It has its own
dedicated dealing room at London and a back office in India.
Bank is complying with all regulatory and capital adequacy
guidelines of Financial Services Authority of UK.
d. PUNJAB NATIONAL BANK INVESTMENT SERVICES
LIMITED (PNBISL)
To improve our share of income in various fee based activities
relating to the Capital Market, Project Appraisal, Loan
Syndication and Security trustee business, Bank had set up
100 percent owned subsidiary named as PNB Investment
Services Limited (PNBISL) in the financial year 2009-10.
PNBISL offers a basket of financial services such as Merchant
Banking, Debt/Loan syndication, Project Appraisal, Financial
restructuring, Security/Debenture trustee services and
advisory to SME. Keeping in view the current market scenario
and recent development, PNBISL has increased its focus on
CDR assignments and has already set up specialized cells at
Delhi and Mumbai. PNBISL has also started its two
representative offices at Kolkata and Chennai and also
planning to set up its representative office in Ahmedabad
and Hyderabad shortly.
e. REGIONAL RURAL BANKS
At present, six RRBs are sponsored by our Bank which are
operating in six States, namely, Bihar, Haryana, Himachal
n. ¤ ¬r ¤ ª rr ª¬ ¤ ¤ (;- ºt ª rr ª¬¸ f ¬f nº z
(¤tqª¤t=r; q¬¸
¤·| .º¡¡¡. n ¤i(-¤i ~|: (n - ¤|-¤·t-¤º- n (+ ~| ·
z||º|| º|| ni := v+|· :- z||º||~| +i = º¤| t| ª: ¤n|·|lz|¤|
··:.·· lnln¤- ÷|n· = ¤· +· º·..· lnln¤- ÷|n· t| ª:
:= v+|· :-n ªº.º·· +i ¤ lz t : l·º n ~|·||· n ¤ lz ¤·
vn º| ª¤ = ¤·| += t| - + ¤l·º||nª¤ª¤ º||-| +i = º¤| .º¡ª·
= ¤· +· ª·ª¡º t| ª: :=i ~¤l¬ n ~lª n º·.ª· lnln¤-
÷|n· = ¤· +· ººª.· lnln¤- ÷|n· t| ª( := v+|· +|·| ¤|·
ª¡ n|- .º¡¡ + ¡ª·º lnln¤- ÷|n· = ¤· +· ª¡ºª.º¡.
+| ¡:¡ lnln¤- ÷|n· t| ª¤| l¤== .º· +i ¤ lz <¤ t:
¤l·-|n- n|·| ¡º.º lnln¤- ÷|n· = ¤· +· ¡·.º· lnln¤-
÷|n· t| ª¤| := v+|· :.º·· +i ¤ lz <¤ t:
¤¸ + ¤|¤|· + ·||·-i¤ -¤ -| ·| n v¤ z| + ln( ¤ + +i
= < · -| -=+i ª¤·º ·º|-il- ¤| ¤-| ~| · = ¤l··||l·|- l·º n
ª |t+ ~|¬|· + +|·º| t l¤=n ¬- ~ -·º|| ~| · ª · ·¤|¤
~|¤ = = ¤ l¬- = ·||¤-|( t ¤¸ + n nl-|- ª |t+ ~|¬|· +|
-il-ª- (+i+·º| ¤ - + =n·| - -¤¤ +- =-n|- -·||
vl-ª¤·|| ·n+ n|·| ¤ + +| v|-- t ªl-n|- l¤·-i¤ ¤|¤|·
¤l·lª·|l-¤| n ¤t| ¤n|+-| l¤·-i¤ -|l-¤¸ l- ¤| ¤-| + ~ -ª -
~¤-i ¤n| + ¤| lº|n +| +n +·- +| :-¤ + t ¤i(-¤i~|: (n
( = l¤+-¤ v<|- +· ·t| t
¤+ +i ¤|lº|n v¤-¬- nº||¤·i-|| ~|· ~-¤|n- ¤· =¤l··||l·|-
~|· ª¤·º l-¬|l·- ¤|lnl=¤| t -=+| n<- n ~¤-| ¤¸º|
=nl¤- ÷ilnª ªn -·|| ·||·- n (+ ¤+ ~|l¤·= t ¤+ ¤¸+
+ l¤·-i¤ =¤|( v|l¬+|· + =nª- l-¤|n+ -·|| ¤¸¤i ¤¤| ---|
l<z||l-<z|| +| ¤|n- +· ·t| t
rr. ¤ ¬r¤ ª rrª¬ ¤ ¤ fª¤ rr = ¤rq f¬fnº z (¤tqª¤t=r; q=q¬¸
+|·|¤|· +i l¤l¤¬ z|-+ ~|¬|l·- ªl-l¤l¬¤| ¤= ¤¸¤i ¤|¤|·
¤l·¤|¤-| n¸-¤|+- +|·|¤|· = =¤l¬- +º| =n¸t- -·|| vl-·|¸l-
-¤|=i +|·|¤|· n ~¤-i ltª=<|·i +| ¤·|- + -ªz¤ = ¤+ -
l¤·-i¤ ¤·| .ººº¡º n ¤i(-¤i l-¤z| =¤| lnlnº÷ -|n =
¡ºº vl-z|- l-¤i =t|¤+ +¤-i º||ni t
¤i(-¤i ~|=(n l¤l·|-- l¤·-i¤ =¤|( ¤= n--º ¤l+ª
+º|/+º| =n¸ t- ¤l·¤| ¤-| n¸ -¤| +- l¤·-i¤ ¤ -ª a-
vl-·|¸l-/l÷¤-· -¤|=i =¤|( -·|| (=(n: + ¤·|nz|<|-| =¤¬i
=¤|( -¤n·¬ +·|-| t -|n¸ ¤|¤|· ¤l·<z¤ -·|| t|n +i
ªl-l¤l¬¤| +| ·¤|- n ·º|- t( ¤i(-¤i~|=(n - ~¤-|
=i÷i~|· =n-<z|- ¤· ~¤-| ¤·|+= ¤·|¤| t -·|| l<-ni -·||
n-¤: n ¤tn ti (+ l¤z|·|-| v|-- +-| +i ª·||¤-| +i t
¤i(-¤i~|: (=(n - +| n+|-| -·|| - --: n <| vl-l-l¬ +|¤| n¤
~|··| l+( t -·|| z|i·| ti ~tn<|¤|< (¤ t<·|¤|< n vl-l-l·|
+|¤| n¤| +i ª·||¤-| +i ¤|¤-| ·|i ¤-| ·t| t
z. +r·rt¤ nrnt¢r ¤¤
¤- n|- n tn|· ¤ + ,|·| v|¤| l¤- · -| ·|i¤ ª |niº| ¤+ t ¤| · ·|-¤|
¤·|| l¤t|· tl·¤|º|| ltn|-n v< z| ¤ ¤|¤ ·|¤ª·||- -·|| -·-·v< z|
54
+ ª l¤n| n ¡·º z||º||~| + - º¤+ + n|·¤n = +¤· +·-
t
:- -|·|i¤ ª|niº| ¤+| +i -+-| ¤¸¤i ª¤( ....ª. +·|÷ t
l¤=n +-: =·+|· ·|-¤ =·+|· -·|| ¤i(-¤i +| ~z|<|- t ¤|
+nz|· ·º·¡··ª· + ~-¤|- n t ¤¸¤i n tn|· ¤+ +|
~z|<|- ª¤( .º¡ +·|÷ t tn|· -|·|i¤ ª|niº| ¤+| +|
=|n¸lt+ l-¤n n¸-¤ n|- .º¡¡ + ª¤( ¡ª¡..·¡ +·|÷ =
¤·+· n|- .º¡. +| ª¤( ¡:ºª.· +·|÷ t| ª¤|
¤·| + <|·|- =nª- -|·|i¤ ª|niº| ¤+| +| +n +|·|¤|· ª¤(
.·.º· +·|÷ = ¤·+· ª¤( .ºº¡º +·|÷ :~|:¤i¤i=i +|
l-+|n +·| t| ª¤| ¤| ª¤( .·.ª +·|÷ :º.·º·| +i ¤lz
<z|| -| t ª¡ºª.º¡. +| +n ¤n| ·|lz| -·|| +n ~lª n
+nz|· ª¤( ¡º¡.º +·|÷ :¤·| <· ¤·| º.¡º·| -·|| ª¤(
¡º·ºº +·|÷ :¤·| <· ¤·| ¡º.ª¡·| ·t|
ª¡.ºª..º¡. +| -| ·|i¤ ª |niº| ¤ +| +| l-¤n n|·| ª¤(
¡ºº.·· +·|÷ ·t| ~¤l¬ + <|·|- -|·|i¤ ª|niº| ¤+| +| +n
(-¤i( ª¤( ª·:..º +·|÷ t| ª¤| ¤·| + <|·|- -|·|i¤ ª|niº|
¤+| ,|·| ¡.: z||º||( º||ni ª: l¤== z||º||~| +| +n
-º¤+ ¡·º :=¤ ¤¸¤i ª|niº| ¤+ ,|·| º||ni ª: .. ~-º|
n·| z||º||~| =lt-| z||º||( t| ª¤i =·|i -|·|i¤ ª|niº| ¤+|
+| =i¤i(= = ¤|÷ l<¤| ª¤| t
¤·| + <|·|- tn|· ¤+ ,|·| v|¤|l¤- -|·|i¤ ª|niº| ¤+| ,|·|
l¤-|i¤ =n|¤z|- + ~-ª- .º: ª|¤| +| +¤· l+¤| ª¤| t
:=+ ~l-l·+- =·|i -|·|i¤ ª|niº| ¤+ ª¤|¤n-¤- ¤|¤-| +
~ -ª - ¤ z|- l-l¬ l¤l-¤|n+ (¤ l¤+|= v|l¬+·º|
:¤i(¤·~|·÷i(| = '(ªiªº·' + ª¤ n ¤¤i+·º| + ln(
~ª=· t =·|i -|·|i¤ ª|niº| ¤+| - =¸--| +--¤¸º· v|¤|lª+i
:~|: =iºi| ~|¬|l·- l¤·-i¤ =n|¤z|- +|¤ +n +| +|¤| -¤¤-
l+¤| t -|·|i¤ ª|niº| ¤+| - (-~|·:/(-~|·~| º||- º||n-|
·|i ~|··| +· l<¤| t =·|i -|·|i¤ ª|niº| ¤+| n (-¤·ºi
=l¤¬| ·|i ~|··| +· <i ª: t ¤i(-¤i (ºi(n ¤· -|·|i¤ ª|niº|
¤ + + ª |t+| + ln( (ºi(n ¤l·-|n- +|¤ =¤·n-|¤¸¤ +
v|··| l+¤| ª¤| t -·|| (ºi(n +|÷ +i =l¤¬| =·|i -|·|i¤
ª|niº| ¤+| + ª|t+| +| z|i·| ti -·º|¤z ª¤ = -¤n·¬
+·|¤i ¤|(ªi
zo. ¤¤ ¤r ¤rta =¤rz q¤ ¤tt¤rt
¤·| + <|·|- ¤+ +| -=+ +|¤l-·¤|<- ~|· ¤tn| + ln( ~-+
¤·ª+|· v|-- t( l¤-n = +¤ -i- l<( ¤| ·t t ·
• l¤¤-= :l÷¤| ,|·| =¤>·a ¤+ ~¤|÷ .º¡¡
• l¤¤- = ¤-÷ ¤i÷·-¤¸ =i ,|·| =¤ > ·a =|n|l¤+ --|·<|¤i ¤ + .º¡¡
• (¤·~|: =i=i~|: ·||.¤ .= . ,|·| =nª =¤| l¬|+ -·¤|<+ ¤ + ~¤|÷
• :ªºiº¸¤¸º ~|¤· ÷|¤·+º= :~|: ~|÷i| ,|·| ª|-÷- ¤i+|+ - z|-n
ºl-ª ~¤|÷ .º¡¡
• ¤-÷ (-~|·÷i +|ª= ,|·| =¤|-|n =nª l-ªln- =|n|l¤+
--|·<|l¤·¤ ¤·ª+|·
Pradesh, Punjab, Rajasthan and Uttar Pradesh covering 73
districts with a network of 1607 branches.
The aggregate paid-up capital of these RRBs is `222.32 crore
contributed by Central Government, State Governments
and PNB, in the ratio of 50 : 15 : 35 respectively. Our
Bank's contribution toward capital is `77.81 crore. The
combined net worth of our RRBs has improved from
` 1312.61 Crore as on March 2011 to ` 1493.75 crore in
March 2012.
During the year the aggregate business of all RRBs increased
from ` 26295 crore to `28818.crore (excluding IBPC) showing
a growth of ` 2523 crore (9.60 %). The aggregate deposits
and aggregate advances as on 31.03.2012 stood at
`18128 crore (YoY 9.18 %) and `10690 crore (YoY 10.31%),
respectively.
The aggregate Net profit (after Tax) of the RRBs as on
31.03.2012 stood at ` 180.56 crore. The gross NPA of the
RRBs is ` 364.20 crore during the period. During the year,
124 new branches have been opened by RRBs, taking the
total network of Branches to 1607 (including 22 Ultra small
branches opened by Sarva UP Gramin). All the RRBs have
been brought on CBS platform.
The RRBs sponsored by our Bank has covered 2074 villages
under Financial Inclusion Plan during the year. Further, all the
RRBs have moved for registration as "Aggregator" with Pension
Fund Regulatory & Development Authority (PFRDA) under
Swabalamban Scheme. All the RRBs have implemented
Information Computer Technology (ICT) based financial
inclusion program. RRBs have also started opening of NRE/
NRO accounts. The facility of NEFT has also been started in
all the RRBs. Pilot run of operations of ATM cards of RRB's
customer at PNB's ATMs has been successfully carried out
and the facility of ATM cards will shortly be available to
customers of all RRBs in a phased manner.
20. AWARDS AND ACCOLADES CONFERRED ON THE BANK
During the year, in recognition of its performance and initiatives,
Bank received various awards, some of which are:
• Best Bank Award 2011 by Business India
• Best Socially Responsive Bank 2011 by Business World - PwC
• Overall Most Productive Bank Award 2011 by FICCI IBA
• Golden Peacock National Training Award 2011 by Institute of
Directors.
• Best in Corporate Social Responsibility Overall by World HRD
Congress.
55
• ¤-ln·| l·+z|| ¤|¤-| t- ª+|- l¤-|i¤ =n|¤z|- ~¤|÷ .º¡.
• <l-+ ·||ª+· ,|·| ÷ni-¤¸¤ (-|lnl== + =|·| ¤·| .º¡¡ t-
l-ªln- =|n|l¤+ --|·<|l¤·¤ :=i(=~|·| n :l÷¤| v|:÷ ~¤|÷
• l¤-|i¤ ¤·| .º¡¡ + ln( (n=i(+= ~| · =i(-¤i=i ºi¤i ¡º
,|·| =ª·||l¤- =i(-¤i=i ºi¤i ¡º :l÷¤| ¤ªº ¤+¸= (º÷
¤·|:-l=¤n :-ºiº¸¤¸z|- ~¤|÷
• (lz|¤| ¤=l¤·+ (-~|·(n +|ª = ,|·| ~|ª -|:¤z|- l¤< :-|¤lº¤
(-~|· vl+º=i= +i >º|i n ·n|¤n (-~|· (+=in= ~¤|÷
• (=(n: l¤·-¤|·|º| + ln( ¤·| .º¡º¡¡ t- <| ·|·ºi¤ ~¤|÷
o v¬|-n·|i ·|¤ª|· =¤- +|¤ +n :¤i(n: ¤i¤i| ¤|¤-| +
~-ª- --|·i ~-n n l¤-|¤|·|º| t-
o ~lº|n ·||·-i¤ ª-· ¤· º||<i (¤ ª |n| ¤| ª ~|¤| ª
:+¤i~|:=i| n ·¤|¤ =l·=÷i ¤|¤-| n l¤-|¤|·|º| t-
• ¤l+ª v|¤|lª+ n l¤+|= (¤ ~-=¬|- =ª·||- ,|·| ''~|:ºi
¤·|· :º·-z|-n :¤·l+º¤-='' t- ¤÷ ¤+| + ¤i- =¤>·a ¤+
~¤|÷
• :ªºiº¸¤¸º ~|¤· ÷|¤·+º= ,|·| n|-¤ ==|¬- -·+·º-| + ln(
ª|-÷- ¤i+|+ ~¤|÷
• (--n|¤· ¤|÷ ~¤|÷¸= -·|| ¤-÷ (-~|·÷i +|ª= ,|·| vlz|-|º|
n -·+·º-| ~¤|÷
z+. =rnrnt ¤rr
=¤=t
¤lz¤+ ~·|·¤¤ª·|| +i ¬ini ªl- +i ¤·a·|¸ln n ·||·-i¤ ~·|·¤¤ª·||
n =+n ·|· n¸ -·¤|< ¤ lz <· l¤+l=- ~·| ·¤¤ª·||~| +i - n-| n
~l¬+ t n-¤i ~¤l¬ n ·||·- n ¤ l+ ª ¤ º||ni ·|l¤·¤ n ~|-
¤|n ~= º¤ ~¤=·| +| n|·| -a| =+-i t ¤ l+ ª -| ·| + ln(
~l·|+ ¤-=| lº¤+i¤ n|·|| z| ¤· - n·¤n ¤ª ~|ª|ni ¤i· i +
¤ | ¤| lª+i = ¤i ª |t+| -·|| --- l-¤n n¸ -¤ + (+n ·¤l+-¤|
~|l< + +|·º| ¤· -i t : l·º n n| ª <· +| < º|- t ( ~= º¤ ~¤=·
=|n- ~|( ª
:= =¤¬ n ·||·- + ¤·- t( l·ºn ª|t+ ~|¬|· - ¤+| +| -·¤|<|
+ ¤l-l¤+¤ -·|| ~¤=lnª t- ~¤=· ¤<|- l+( t tn|· ¤+ +|
¤n| =ªtº| t- ··ºº = ·|i ~l¬+ z||º||~| +| -º¤+ t l¤-n =
·º· = ~l¬+ z||º||( ª|niº|/~zz|t·i -|·|| n t ¤| :- -|·|| n
·t- ¤|n n|ª| +i ¤-- +i ~|<-| +| ÷|n ·ti t ¤ + (=(n: ¤lz
+| :¤- +l·|~ªª|ni -·|| l¤¤÷| =¤|¤- -·|| lz|-||¤|lz+ ¤¸¤i
+| ¤·|¤| <-| +| l¤·-¤|·|º| n ·|i v-· =·||¤-|( <º|-| t :=+
ln( ¤ + ¤tn ti -ªz¤z|in-| +| ¤·|¤| <- + ln( =i¤iºi(=(n:
+ ~-ª- l¤-| =¤|lz¤+/ª|·ºi + +º| -¤n·¬ +·|- +| v|·=|lt-
+· ·t| t -·|| ¤t< -|·| t- l¤z|·| ª¤ = ¤|¤-|( -¤|· +· ·t| t
ª|niº| ·||·- ~|ª|ni ¤lz +| l-|l-¤ t l¤=n z|t·i ·||·- +i ~¤-||
~l¬+ ~¤=· t l¤·-i¤ =n|¤z|- nª·|ª :º· -- ·||·-i¤| + ¤|=
~·|-|n-| ¤|·¤ +|·|¤|·i ~¤=· t l¤-+ ¤|= ~|¤-|l·+ l¤·-i¤
• SKOCH Financial Inclusion Award - 2012 for its Jana Mitra
Rickshaw Scheme
• India Prides Award in Corporate Social Responsibility (CSR)
for the year 2011 by Dainik Bhaskar with Daily News Analysis.
• Editorial Board Roll of Honour by CNBC TV18 India Best Banks
and Financial Institutions Awards for FY'11 instituted by MCX
and CNBC-TV18.
• Global HR Excellence Award under the category "Organisation
with Innovative HR Practices" by ASIA PACIFIC HRM
CONGRESS.
• Two National Awards for the year 2010-11 for SME financing:
o For lending under Prime Minister' s Employment
Generation Programme (PMEGP) Scheme in North Zone.
o For lending in Khadi & Village Industry Commission
(KVIC) Interest Subsidy Scheme on All India Level.
• Best Bank Award among Large Banks for "IT for Internal
Effectiveness" by Institute for Development and Research in
Banking Technology (IDBRT).
• Golden Peacock Award for HR Excellence 2011 by Institute
of Directors.
• Award for Excellence in Training by Employer Brand Awards
& World HRD Congress.
21. THE YEAR AHEAD
Opportunities
In the backdrop of the Global economic slowdown, Indian
economy still has higher GDP growth rate vis-à-vis the developed
economies. In the long run, banking system in India can look
forward to enormous opportunities that lie ahead. There will be
vast opportunities for the Banking sector in the form of increasing
retail demand propelled by huge demographic dividend, rising
middle class, tech savvy next generation customers, high net worth
individuals etc.
In this regard, India's growing retail customer base provides
opportunities to the Banks for cross - selling and up-selling of
products. Our Bank has a net work of more than 5600 branches
for mobilization of deposits with more than 60% of branches in
rural and semi urban area which are catering to the savings habits
of the people of these areas. Bank also sees ample opportunities in
financing the SMEs - the engine of growth, Agriculture - provider
of both forward & backward linkages and education - boosting the
intellectual capital. Towards this, Bank is already encouraging
entrepreneurship by providing loans without collateral/guarantee
under CGTMSE and devising schemes specifically focused on this
vital sector.
Rural India is the next growth horizon with an opportunity much
larger than the size of urban India. Financial Inclusion is a viable
business opportunity with about 40% of Indians lacking access
56
even to the simplest kind of formal financial services. Great
opportunity lies for the Bank to expand business with over
60% of population outside the banking service net. PNB is
determined to introduce innovative cost effective delivery channels,
especially leveraging its advanced technology initiatives.
Being the first public sector bank to implement technology like
CBS, internet banking, utility services, network operating centre
etc, Bank has an edge over its competitors. With advanced IT
infrastructure, Bank would further leverage IT for launching new
tailor made products & services with specific focus on various
customer segments and attracting new generation customers.
Bank has devised schemes which are especially designed for various
segments of customers and provide avenues for lucrative long stable
deposits. For urban and metro customers, we have special products
with attractive rate of interest, which takes care of the savings of
middle income group and customers.
Challenges
In this competitive environment, Banks would have to compete
not with banks alone but with supermarkets that have started
offering financial products. Thus efficiencies need to be improved.
We need to offer products and services as per the needs of the
customer.
Impact of global slowdown on credit growth and delinquencies is
visible. Delinquencies in certain segments need to be addressed at
industry level urgently. While the fundamentals of banks are getting
strengthened, it is imperative that the focus on asset quality remains
strong. Banks need to avail of all available means towards
management and swift resolution of NPAs.
With requirements of Basel III, banks would be facing challenges
in raising additional capital for meeting the financing needs of the
economy. As achieving allocational efficiency of the banking system
is strongly dependent on the capital strength of the banks, they
will be facing the challenge of growing their business due to capital
constraints.
While Banks have significantly invested in technology, the return
on investment is yet to be realized. Banks need to move up in the
technology value chain and offer value-added services. They need
to ensure that they provide consistent banking experience to
customers irrespective of the channel used.
Risks and Concerns
Banks have to be cautious in exercising judgment in terms of risk
assessment and credit quality assessment and then make a decision.
PNB with a robust risk management system has shown utmost
resilience and improved its credit quality. Bank will continue to
remain proactive in the emerging dynamic financial situation and
will strive to maintain the leadership position.
=¤|~| +| =·n-n -·i+| ·|i -¤n·¬ -ti t ¤l+ª -º = ¤|t·
·º· ¤-=º¤| -+ ¤t-- + ln( ¤ + + ¤|= ~·¤l¬+ ~¤=·
l¤¤n|- t ¤i(-¤i ~|¬l-+ v|¤|lª+i ¤tn| + n|·¤n = -¤|-n·|i
l+¤·|¤-i l÷ni¤·i - -n n|- + ln( +- =+-¤ t
=i¤i(= :-º·-º ¤l+ª -¤¤|lª-| =¤|( -º¤+ ~|¤·z|- =-º·
~|l< ¤=i ¤|¤|lª+i + +|¤|-¤¤- = ¤tn| =·+|·i -|·| +| ¤+ t|-
+ +|·º| ¤+ ~¤- ¤l-ª¤l¬¤| = +ti ~|ª t -¤i--n ~|:ºi
=·--| = ¤+ + -( ·÷in÷ -·¤|< -·|| =¤|( l¤l¤¬ ª|t+ º|÷|
-·|| -: ¤i·i + ª|t+| +| ~|+l·|- +·- t- n|- l+( t
-·||l¤ ¤+·| +| l-º|¤ n- =n¤ ¤|lº|n n¸-¤|+- -·|| +º| ªº|¤·-|
n¸-¤|+- + vl- =|¤¬|- ·t- t( l-º|¤ n-| t|ª| ¤i(-¤i + ¤|=
(+ =<· ¤|lº|n vº||ni t l¤=- v·||¤z||ni v<z|- l+¤| t -·||
+º| +i ªº|¤·-| n =¬|· ~|¤| t ¤+ -·|·-i t: v·||¤z||ni
¤l·lª·|l-¤| n =-- =l+¤ ·tª| -·|| nº¤ --·¤ + ª·||- +| ¤-|(
·º|- + ln( v¤|= ¤|·i ·º|ª|
¤ªrfa¤r
~|¤ + vl-ª¤¬|·n+ ¤|-|¤·º| n ¤+ +| - +¤n ~|¤=i vl-¤|lª-|
= ª¤·-| t ~l¤- =¤· n|+º = ·|i +÷i º++· n-i t l¤-t|-
l¤·-i¤ -·¤|< =¤|( <-| ~|··| +· l<¤| t ~-· tn <-|-| +| ¤·|-|
t|ª| tn ª|t+ +i ~|¤z¤+-|~| + ~-ª¤ -·¤|< -·|| =¤|( v<|-
+·-i t|ªi
¤ lz¤+ n <i +| v·||¤ +º| ¤ lz -·|| ~|¬|· ¤· ¤ ·¤-| l<º||: ¤÷ -| t
+¤ = ªn ºº n ÷ilnl+¤=i¤ +| ~| ¤| lª+ ª-· ¤· ~l-z|i·| l-¤º-|
~|¤z¤+ t ¤ =|l+ ¤ +| + n¸ n·|¸ - l=z| - =z|+- t| ·t t ¤t
~|¤z¤+ t l+ ~|lª- ª º|¤·-| +| ·|i = < · ·º|| ¤|( ¤ +| + ln(
=·|i -¤n·¬ =|·|-| = (-¤i( v¤-¬- -·|| z|i·| =n|¬|- ~|¤z¤+ t
¤ l=n III +i ~¤-||~| + =|·| ¤+| +| ~·|·¤¤ª·|| +i l¤·- ¤|·|º|
=¤¬i ~|¤z¤+-|~| +| ¤¸·| +·- + ln( ~l-l·+- ¤¸¤i ¤º|- +i
--|-i +| =|n-| +·-| t|ª| ¤+| +i ¤¸¤i =<·-| ¤· ¤l+ª vº||ni
+i ~|¤lº- +z|n-| v|-- +·-| ~|¬|l·- t -·|| ¤+ ¤¸¤i ¤|·¤-|~|
+ +|·º| --+ +|·|¤|· n --|l-¤| +| =|n-| +·ª
¤ =|l+ ¤ +| - v| ¤| lª+i n l¤z| ·| ª¤ = l-¤ z| l+¤| t l+-- -= l-¤ z|
+| vl-n|·| lnn-| z| ·| t ¤ +| +| v| ¤| lª+i n¸ -¤ > º|n| +i ~| · ¤· -
-·|| n¸ -¤¤l¬ - = ¤|( v<|- +·- +i ~|¤z¤+-| t --+ ln( ¤t
= l-lz-- +·-| ~|¤z¤+ t l+ ¤ ª |t+| +| ¤ l+ ª +| = = ª- ~- ·|¤
-¤n·¬ +·¤|( -=+ ln( -|t +| : ·|i - -n v¤| ª n n|¤| ¤|(
¬rf=rn ¤ f¤arq
¤+| +| ¤|lº|n l-¬|·º| ~|· +º| ªº|-| l-¬|·º| + =¤¬ n l-º|¤
n- + ln( =|¤¬|- ·t-| t|ª| ~|· -=+ ¤|< l-º|¤ n-| t ¤i(-¤i
- ~¤-i n¤¤¸- ¤|lº|n ¤¤-¬- ¤º||ni + =|·| ~¤-i +º| ªº|¤-||
n ¤¸º| ·l=n= ~|· =¬|· <z||¤| t ¤+ -·|·-i ªl-z|in l¤-|i¤
lª·|l- n ~ª=l+¤ ¤-| ·tª| ~|· --·¤ lª·|l- +| ¤-|¤ ·º|-| t|ª|
57
As the second largest bank in the country, PNB recognizes the
challenges and risks and is fully prepared to proactively address
them. Bank has put in place a well articulated risk management
system to protect asset quality and improve earnings.
While technology brings about efficiencies in service delivery, it
also unsettles business processes, propels competitive forces and
leads to innovation. Use of technology also would require re-skilling
of employees. Management of discontinuity and change pose risks
which banks need to address.
Bank's strategy to ensure channel integration is aimed at reaping
the benefits of technology and providing cost-effective, secure and
convenient banking solutions. Innovative product offerings are
aimed at moving up the value chain facilitating customer acquisition
and topline growth. At the same time, the Bank is sharply focused
on maintaining and improving its bottom line by seeking
opportunities for revenue maximization while keeping costs under
strict control.
Bank has initiated 'Organizational Transformation and Business
Excellence Programme'–'PNB PRAGATI'. The programme is
comprehensively based upon 'Three Pillars' i.e. 'Human Resources',
'Operational Excellence' and 'New Business Initiatives'. The scope
of work is designed to create capacity and fresh energy to meet
the requirements as they emerge in the coming years.
¤¤l¤ v|¤|lª+i =¤| v<|- +·- n +z|n-| n|-i t ¤·-- ¤t
+|·|¤|· vl+¤|~| +| ·|i ~lª·|· +·-i t vl-¤|ªi ¤n| +| -n|-i
t ~|· -¤|-n·| +i ~|· ·|i n ¤|-i t v|¤|lª+i + v¤|ª n
+n-|l·¤| +| ¤-· l-¤º| ¤-|-| ·|i ~¤l-|- t ·¤l-+n ~|· ¤l·¤--
+ v¤-¬- n ¤|lº|n t l¤= ¤+| +| <¸· +·- +i ~|¤z¤+-| t
<z| + <¸=· =¤= ¤÷ ¤+ + ª¤ n ¤¤|¤ -z|-n ¤+ -+-
--|l-¤| ~|· ¤|lº|n| +| ¤t-|--| t ~|· --t <¸· +·- + ln( ¤¸·i
-·t -¤|· t ¤+ - ~|lª- ªº|¤·-| +i =·-|| (¤ ~l¤- ~|¤ n
=·||· n|- + ln( (+ ª¤·º ¤|lº|n v¤-¬- vº||ni ª·||l¤- +i t
- -n (+i+·º| =l-lz-- +·- +i ¤ + +i +º| -il- +| -ªz¤
v|¤|lª+i +| n|·| -a|-| ~|· n|ª- v·||¤i =·l-|- ~|· =l¤¬|¤-+
¤l+ª =n|¬|- v<|- +·-| t -¤|-n·| -·¤|< vª-|¤| +| n-¤ n¸-¤
>º|n| =l¤¬| ¤+- ª|t+ ~¤- ~|· --- >º|i +i ~|· ¤·-| t
=|·| ti ¤+ +| ¤·|+= n|ª-| +| +÷ l-¤·|º| n ·º|- t( ·|¤ª¤|
+| ~l¬+-n ¤·|- + ln( ~¤=· +| n|·| -a|+· ~¤- ~|¬|· +|
¤-|( ·º|- ~|· -=n =¬|· +·- ¤· t
¤+ - '=ªa-|·n+ ª¤|-·º| ~|· +|·|¤|· -·+·º-| +|¤+n '¤i(¤i
¤ ªl-' z|ª l+¤| t ¤t +|¤ +n l¤ª-- ª¤ = '-i- ª--·||' ~·|| -
'n|-¤ ==|¬-' '¤-|n-|·n+ -·+·º-|' ~|· '-: +|·|¤|· ¤tn' ¤·
~|·||l·- t ¤t +|¤ -|n-| ~| · -¤i- -¤| +| =l¤- +·- + -ªz¤
= -¤|· l+¤| ª¤| t -|l+ ~|ª|ni ¤·|| n -·¤-- t|- ¤|ni ~¤-||~|
+| ¤¸·| l+¤| ¤| =+
60
Gaining visibility by committing to society
I am delighted to present the Third CSR Report of your Bank
showcasing the activities taken up towards building an egalitarian
society. The foundation laid in the past few years facilitated our
endeavor of bringing about transformation in the lives of
impoverished and destitutes during FY’12. Your Bank accomplished
various landmarks and improved its visibility on CSR front by way
of associations and collaborations formed with various agencies
taking up social upliftment causes.
To begin with, PNB Prerna, an association of women formed for
carrying forward CSR agenda of the Bank, completed one year of
its dedicated service to the society in helping those who were needy.
This has also contributed in a big way in shaping up our CSR activities
and productively utilized the services of wives of Senior Personnel
of the Bank to serve the society and bring about improvement in
the lives of those who are less fortunate.
CSR framework of the Bank began to get decentralized as the
different circles of the Bank organised innovative and region specific
activities at their end. The Bank fixed the budgets in terms of
activities/amount to be incurred on these activities and also devised
a scheme for recognising the best CSR Activities through awards
for instilling competitive spirit amongst its various circles to come
up with novel but meaningful activities of "Giving Back to the
Society". This has furthered the CSR approach of the Bank.
CSR policy framework adopted by the Board of Directors of the Bank
served as a guiding force to all the efforts being made in this direction.
During the year 2011-12, your Bank earned various awards and
accolades on prestigious platforms in recognition to its various CSR
activities. To name a few, 'Most Socially Responsive Bank' by Business
World - PwC, Star News- Blue Dart 'Best in Corporate Social
Responsibility' overall and India Pride Awards for Excellence in
Corporate Social Responsibility. With institutionalized set up, Bank
also moved a step further by adopting the best practices of the industry
and highlighting its own in various National Level seminars/conclaves.
=nr¬ ¤ ¤fa ¤fa¤qar çrtr ¬+¤ ¤t ¤rfta
~|¤+ ¤ + +i -i=·i l-ªln- =|n|l¤+ -·-·<|l¤·¤ l·¤| º vª- - +·-
t ( n ¤ t·| t l¤=n (+ =n-|¤|<i =n|¤ + l-n| º| + ln( ¤ + ,|·|
l+( ¤| ·t +|¤ +n|¤| +| <z|| ¤| ª¤| t l¤¤n + ¤ ¤·|| n ª·||l¤-
~|¬|l·+ ·|- + ,|·| tn- l-¬ - ~| · l-·|l>-| + ¤i¤- +| = ¬|·- +
ln( l¤-|i¤ ¤·| .º¡. + <| ·|- v¤|= l+( t ~|¤+ ¤ + - +:
+il- n|- ª·||l¤- l+¤ t ~| · =|n|l¤+ -··||- + ln( +|¤ +· ·ti
l¤l·|-- (¤ l=¤| + =|·| lnn+· (¤ --+ =t¤| ª = =i(=~|· + -| ·|
n :=+i -¤lª·|l- +| ¤· |¤| t
z|ª~|- + ª¤ n ¤+ + l-ªln- =|n|l¤+ --|·<|l¤·¤ +|¤+n +| ~|ª
¤·|- + ln( nltn|~| +| (+ =ªa- ¤i(-¤i v·º|| ¤-|¤| ª¤| t :=-
=n|¤ + ¤ª·-n< n|ª| +i =nl¤- =¤| +| ~¤-| (+ ¤·| ¤¸º| +· ln¤|
t =n|¤ +i =¤| +·- -·|| ~-¤ =l¤¬| v|-- n|ª| + ¤i¤- n =¬|· n|-
+ ln( -=- ¤÷ ª¤ n ¤|ª<|- l+¤| t -·|| ¤+ + ¤l··a +|¤¤|n+| +i
¤l·-¤| +i =¤|~| +| n|·| -a|¤| t
¤+ +i l-ªln- =|n|l¤+ --|·<|l¤·¤ =·--| +| l¤+-:i+- l+¤| ¤| ·t|
t +¤|l+ ¤+ + l¤l·|-- n÷n| - ~¤- ª-· ¤· ·|i -¤|-n·| -·|| -|·| l¤z|·|
+ ~|¬|· ¤· +|¤+n|¤| +| l+¤| t ¤+ - :- ªl-l¤l¬¤| ¤· ·¤¤ +i
¤|- ¤|ni ·|lz| +| ¤¤º l-¬|l·- l+¤| t -·|| =¤|·-n l-ªln- =|n|l¤+
--|·<|l¤·¤ +|¤+n|¤| + ln( (+ ¤|¤-| ·|i ¤·ª+- +·- + ln( ¤-|:
ª: t l¤=+ ,|·| ´=nr¬ ¤r ¤r¤= ªªr' + -¤i- nl+- nt·¤¤¸º|
+|¤+n|¤| + =|·| l¤l·|-- n÷n| + n·¤ vl-ª¤·|i ª¤ = ~|ª ~|- +i
·||¤-| ¤<| +·-| t :=- ¤+ +i l-ªln- =|n|l¤+ --|·<|l¤·¤ ¤t- +|
~|ª ¤·|¤| t
:= l<z|| n l+( ¤| ·t =nª- v¤|=| + ln( l-ªln- =|n|l¤+ --|·<|l¤·¤
-il- =·--| - n|ª<z|+ z|l+- + ª¤ n +|¤ l+¤| t ¤·| .º¡¡¡. +
<|·|- ~|¤+ ¤+ - vl-l·a- ª-·| ¤· l¤l·|-- l-ªln- =|n|l¤+ --|·<|l¤·¤
ªl-l¤l¬¤| + ln( ~-+ ¤·ª+|· (¤ =-n|- v|-- l+( t l¤-n = +¤
l---|l+- t l¤¤-= ¤-÷¤i÷·n¸=i +| ´=¤rf¤¤ =rnrf¬¤ s-atªr¤t
¤ ¤' ªº|·-¤¸ ¤·n¸ ÷|º +| =nª ´=¤r -an fªnfna =rnrf¬¤ s-atªrf¤-¤'
-·|| fªnfna =rnrf¬¤ s-rtªrf¤-¤ n s-¶rºar + ln( :lº÷¤| ¤|:÷
(¤|÷¸= := =ª·||ª- ·|- + =|·| := -¤|ª +i =¤|·-n ¤·-¤·|~| +|
~¤-|- + ,|·| -·|| ·|·ºi¤ ª-· ¤· l¤l·|-- =ln-|·|/=·||~| n ~¤- ~|¤+|
l¤z|·| ª¤ = <z||- t( ¤+ (+ +<n ~|· ~|ª ¤·| t
61
Education remained the area of focus for the Bank this year also
and this was reflected in higher growth of education loans being
offered to the student community for pursuing higher professional
education in India or abroad.
Bank also strengthened its skill enhancement practices with the help
of Rural Self Employment Training Institutes (RSETIs) and Farmers'
Training Centres (FTCs) because it feels that investing in education/
training can bring sustainable improvement in the standard of living
of the people of the lower strata. Your Bank also built up on Financial
Literacy among the less privileged through Financial Literacy and
Credit Counseling Centres (FLCCCs) spread across the country.
Environment protection and implementation of green practices
received due importance and same was reflected in maintaining
the convention of lending to the projects which are adhering to
the environmental standards. A green building of Head Office has
been planned which will have all the modern amenities. In addition
to it, Bank has already implemented various energy conservation
measures to save the fast depleting natural resources of the Earth
and also participated in plantation drives. Health issue also remained
on the fore front of your Bank's CSR set up.
Bank also continued contributing towards progress of Priority sector
comprising of Agriculture, Micro, Small & Medium Enterprises,
Women, Weaker Section of the society. It is indeed a matter of
pride to declare that the Bank is lending beyond the National Goals
set by the Govt of India.
However there is still a long way to go and for going ahead, your
Bank would like to continue its efforts towards engaging in providing
sustainable livelihoods, especially to under privileged strata of the
society. We intend to strengthen our ties with Non-Governmental
Organisations and various government agencies too. CSR has to
be made more broadbased at the Bank level as well with the help
of increased contribution from every unit of the Bank. CSR policy
of the Bank will be reviewed for meeting the requirements of rising
global standards and streamlining with the guidelines issued by
Ministry of Corporate Affairs.
At the end, I would like to express my gratitude to all those who
were involved in making Corporate Social Responsibility a success
during the year and let it reach the platform from where it could be
further extended to encompass more of such activities which may
make a difference in the lives of the impoverished.
(K.R. Kamath)
Chairman and Managing Director
:= ¤·| ¤+ + ln( frr+rr +| -|·| ·|i +-: l¤-< ·t| t -·|| ·||·- ¤| l¤<z|
n --- ·¤|¤=|l¤+ lz|-|| v|-- +·- + ln( ¤|·|| +| l<( ¤| ·t lz|-||
+º|| +i --- ¤lz = ¤t vl-l¤l-¤- t~| t
¤ + - ~¤-i +| z|n ¤¬ + vº||ni +| ·|i ª |niº| ª¤·| ¤ª|· vlz|-|º|
= ª·||-| :~|·(=: ºi~|: (=| -·|| + ·|+ vlz|-|º| + -:|¤·ºi=i| +i
=t|¤-| = =z|+- ¤-|¤| t +¤| l+ ¤t nt=¸ = l+¤| ¤|-| t l+
lz|-||/vlz|-|º| n l-¤ z| = l--n ª-· + n| ª| + ¤i¤- ª-· n ª·||:
= ·||· n|¤| ¤| =+-| t ¤¸ · < z|·|· n ª·||l¤- l¤·-i¤ =|-|·-| (¤ +º|
¤·|nz| + -:|¤·(n=i=i=i(=| + n|·¤n = ~|¤+ ¤ + - ª·i¤| +
n·¤ l¤·-i¤ =|-|·-| ·|i -·¤-- +i t
¤¤|¤·º| =·-|º| -·|| tl·- ·¤¤t|· + l+¤|-¤¤- +| -l-- nt·¤ l<¤| ª¤|
t -·|| ¤| ¤¤|¤·º| n|-+| +| ¤|n- +·- t -- v|¤+º| +| +º| v<|-
+·- +i ¤·-¤·| +| +|¤n ·º|- = ¤t vl-l¤l-¤- t~| t v¬|- +|¤|n¤
+ ln( (+ tl·- ·|¤- +i ¤|¤-| ¤-|: ª: t l¤=n =nª- ~|¬l-+
=l¤¬|( -¤n·¬ t|ªi :=+ ~l-l·+- ¤·¤i ¤· -i¤-| = +n t|-
v|+l-+ ª·||-| +i =·-|| t- ¤+ -¤| =·-|º| + +: -¤|¤ l+¤|l-¤- +·
-+| t -·|| ¤-||·|¤º| ~l·|¤|-| n ·|i ·||ª n -+| t ~|¤+ ¤+ +i
=i(=~|· =·--| n ª¤|ª·¤ l¤·|¤ ·|i ~ªº|i ¤-| ·t| t
¤+ v|·|ln+-| -|·| l¤=n +l·| =¸-n n·| (¤ n·¤n -¤n nltn|(
=n|¤ + +n¤|· ¤ª z||lnn t +i ---l- +i ~|· l-·--· ¤|ª<|- < ·t|
t ¤t ¤|ª-¤ n ª¤ +| l¤·|¤ t l+ ¤+ ·||·- =·+|· ,|·| l-¬|l·- ·|·ºi¤
n-¤| = ~l¬+ +º| v<|- +· ·t| t
t|n|l+ ~·|i +|¤·i ·|ª-| -¤ +·-| ¤|+i t -·|| ~|ª ¤·- + ln( ¤+
ª·||¤i ¤il¤+| v<|- +·- l¤z|·|+· =n|¤ + l--n ª-· + n|ª| + ln(
~¤- v¤|=| +| ¤|·i ·º|ª| :=+ ln( tn (-¤i~| ~|· l¤l·|-- =·+|·i
(¤l=¤| + =|·| -|nnn +| =z|+- +·- +i ·|i ~|¤z¤+-| t l-ªln-
=|n|l¤+ --|·<|l¤·¤ +| ¤+ ª-· ¤· -·|| ¤+ +i v·¤+ :+|: + ¤·-
¤|ª<|- +i n<< = ~l¬+ ·¤|¤+ +·- +i ~|¤z¤+-| t tn =·|i +|
:= l-ªln- =|n|l¤+ --|·<|l¤·¤ ~l·|¤|- +| =¤·n ¤-|- + v¤|= +·-
-|lt( l-ªln- +|¤ n·||n¤ ,|·| ¤|·i l<z||l-<z|| + =|·| =|n¤ª¤ ª·||l¤-
+·- (¤ ¤lz¤+ n|-+| +i ¤·-i ~¤-||~| +| ¤¸·| +·- + ln( ¤+ +i
l-ªln- =|n|l¤+ --|·<|l¤·¤ -il- +| ¤-· ¤-·il-|- l+¤| ¤|(ª|
~--· n -- =·|i +| ·|-¤¤|< <-| -|t¸ª| ¤| ¤·| + <|·|- l-ªln-
=|n|l¤+ -·-·<|l¤·¤ +| =¤·n ¤-|- n =l+¤ ·t -·|| -= := lª·|l- ¤·
¤t-|¤| ¤t| = := v+|· +i ªl-l¤l¬¤| +| ¤-· ~l¬+ l¤ª-- l+¤| ¤|
=+ l¤== ª·i¤| + ¤i¤- n =+|·|·n+ ¤l·¤-- n|¤| ¤| =+
(¤.=rt. ¤rna¸
=ª¤+r q¤ ¤¤¤ fªªrr¤
62
CSR REPORT 2011-12
A. PNB PRERNA:
PNB Prerna is an Association formed by involving the services of
the wives of the Senior Personnel of the Bank as well Senior Lady
Officials of the Bank. The overarching goal of the association is to
supplement the Corporate Social Responsibility Initiatives of the
Bank.
This year, PNB Prerna completed its one year of existence and the
event was marked by distribution of food to the needy and destitute
at the Saraswath Sanskriti Bhawan, New Rajinder Nagar, New Delhi.
PNB PRERNA COMPLETES ONE YEAR TOWARDS SERVING
SOCIETY
fªnfna =rnrf¬¤ s-atªrf¤-¤ ft¤rº zo++-+z
¤. ¤tqª¤t ¤t¢rr .
¤+ + l-ªln- -·-·<|l¤·¤| +| ~|ª ¤·|- + ln( ¤+ + ¤l··a
~l·|+|l·¤| +i ¤l·-¤| + =|·|=|·| ¤+ +i ¤l··a nltn| ~l·|+|l·¤| +i
=¤|~| +| z||lnn +·- + ln( ¤i(-¤i v·º|| -|n = (+ =ªa- ªla-
l+¤| ª¤| t ¤+ + l-ªln- =|n|l¤+ -·-·<|l¤·¤| +| ~- ¤¸ ·+ ·¤¤ª·||
+ -| · ¤· ¤¸ ·| +·-| := = ªa- +| nt·¤¤¸ º| n-¤ t
:= ¤·| ¤i(-¤i ¤·º|| - ~¤- ª·||¤-| +| (+ ¤·| ¤¸·| +· ln¤| t ~|· :=
~¤=· +| =|·z¤- =ª+l- ·|¤- -¤¸ ·|¤-< -ª· -: l<-ni n ¤ª·-n< (¤
¤l-- n|ª| +| ·||¤- +·|+· n-|¤| ª¤|
=nr¬ ¤t =¤r n ¤tqª¤t ¤t¢rr ª q¤ ¤rr ¤¸¢r f¤¤r
The following initiatives taken up by PNB Prerna during the year
2011-12:
• Distribution of old All India Reporters at Bar Council Faridabad.
¤i(-¤i ¤·º|| - ¤·| .º¡¡¡. + <|·|- l---lnlº|- ¤tn +i
• ¤|· +| -l=n ¤··i<|¤|< +| ¤ ·|-i ~| n :lº÷¤| l·¤| º = l¤-l·- +i ª¤i
63
• PNB Prerna celebrated International Children's Book Day by
distributing books to the school students on 4th April 2011.
• ¤i(-¤i v ·º|| - : ~v n .º¡¡ +| ª+¸ ni ¤|·|| +| ¤ ª-+ l¤-l·- +·
~ -·| ·º i¤ ¤|n ¤ ª-+ l<¤= =n|·| t +| ~|¤| ¤- l+¤|
• PNB Prerna donated 5 computers each to NGOs
o Janhit Vikas Sansthan Samiti, Bhiwani
• ¤i(-¤i v·º|| - v·¤+ (-¤i~| +| · +--¤¸º· v<|- l+(
o ¤-lt- l¤+|= =ª·||- =lnl- l·|¤|-i
o ·|n+·º| l¤¤+|--< lnz|- -|(÷| o Rama Krishna Vivekananda Mission, Noida
64
These NGOs aim towards educational empowerment of rural
children and destitute boys. These NGO are being served by Earth
Saviours Foundation, an NGO in Delhi working for the cause of
Senior Citizens, underprivileged children and deprived woman for
reconstructing the roof of their one class room of slum children.
¤ (-¤i~| ª|niº| ¤--| ~|· l-·=t|¤ n÷+| +| z|l-|+ ª¤ = =z|+-
+·- +i l<z|| n +|¤·- t ¤ (-¤i~| l<-ni + (+ (-¤i~| ~·| =l¤¤·
¤·|-÷z|- ,|·| =-|ln- t ¤| ¤l··a -|ªl·+| ~-¤=l¤·|| v|-- ¤--| ~|·
¤l-- nltn|~| -·|| nln- ¤ª-i + ¤--| + ln( (+ +n|= ªn + ¤-
+ ¤-l-n|º| + ln( +|¤ +· ·ti t
• ¤i(-¤i v·º|| - ~|·||·lz|n| (-¤i~| +| ¤| (lz|¤|÷ º|n ª|¤
¤l·=· -: l<-ni n ¤ni-i ª-· ¤· n¤¤¸- ~|· ~|·nl-·|· =n<|¤| +
l-n|º| +i l<z|| n +|¤·- t +| ¤·-i-· :º¤n +l=¤| ¤+z|-¤·
~|l<| ~|· ·¤¸ºi l+º¸= v<|- l+¤ ¤t ª·i¤ ¤l·¤|·| = =¤l·|- ¤|·||
+| '·¤¸ºi (¤ t-·| +¤·' n =z|+- +·- +i l<z|| n --t ~¤-i
~|¤il¤+| +n|- + ln( =-|n ¤-|- t- (+ v¤|= t
• PNB Prerna donated furnitures (tables, chairs, bookshelf, etc.)
and Beauty Kits to NGO Adharshila, that works towards building
strong and self reliant communities at grass root level at Asiad
Games Village Complex, New Delhi. This has been an initiative
towards empowerment of students of "Beauty & healthcare"
belonging to poor families to enable them to earn livelihood.
• ¡: -¤-¤· .º¡¡ +| ¤|n l<¤= + ~¤=· ¤· ¤i(-¤i v·º|| +
=<ª¤| ,|·| ~·| =l¤¤= ¤·|-÷z|- -: l<-ni + (+ (-¤i~| +
~-¤ =l¤·|| v|-- ¤--| +| ª+¸n ¤ª ¤l=n +n· lna|:¤| ~|l<
l¤-l·- +i ª:
• On the occasion of Children's Day i.e. 14th November 2011,
PNB Prerna members distributed Schoolbags, Pencil Colours,
Sweets, etc. to the underprivileged Children of an NGO namely
Earth Saviours Foundation, New Delhi.
• ¤i(-¤i v·º|| - l+=n= +i ¤¸¤ =·¤| ¤· -z||¤· t|n :l÷¤| +
n|-l=+ (¤ z||·il·+ ª¤ = l¤+n|ª ·¤l+-¤| +| º||¤ =|nªi
l¤-l·- +i
• PNB Prerna celebrated the Christmas eve with the inmates
who are mentally and physically challenged, at Cheshire Home,
India by distributing eatables to them.
65
• ¤i(-¤i ¤·º|| - l<-|+ .· ¤-¤·i .º¡. +| +--¤¸º· ·¤¸ºi ~|· ~-¤
·¤¤=|l¤+ ¤|a¸¤+n| +| ¤¸·| +·- ¤· ¤lz|-|~| +| ¤n|º|¤·| l¤-l·-
l+( ¤t ·¤¤=|l¤+ ¤lz|-|º| +-< ~|¬|·lz|n| -|n+ (-¤i~| ,|·|
nln- ¤lª-¤| + n|ª| +| ~¤-i ~|¤il¤+| ~l¤- +·- t- =-|n
¤-|- + ln( =-|ln- +i ¤| ·ti t
=r. s =¤rfªr¤ ª¤r-nrrt fªnfna =rnrf¬¤ s-atªrf¤-¤r = =¤fªra
nfaf¤fªr¤r ¤r ¤tt¤rt
nz¬ ¤r¤r¬¤, =¬¤t .
• PNB Prerna distributed the certificates to the trainees which
completed their computer, beauty and other vocational courses
on 25th January 2012. The vocational training centre is being
run by NGO Adharshila for the people belonging to slum area
to enable them to earn livelihood.
B. Awarding Three Most Innovative CSR Activities:
Circle Office Alwar:
• ¤i(-¤i - >i +-¤|º| ·|¤+i¤ l-l+·=|n¤ + -¤¤|- lz|z| <º|·||n
-·|| +¤|·|º| -¤-|· ¤|÷ +| ~ªi|- l+¤| ¤t ¤--i =·-|| ¤|¤-|
+ ~-ª- +¤· ·||
• PNB adopted New Born Care and Malnutrition Treatment ward
of Shri Kalyan Rajkiya Chikitsalaya. This was covered under
Janani Surakasha Yojana.
66
Circle Office Dehradun: nz¬ ¤r¤r¬¤, ªrtrª¸ª .
• ¤i(-¤i v·º|| +i -¤|·¤-| >in-i -·|| ~--=¤nº¤- +|¤¤|n+
l-<z|+ ¤¤|¤ -z|-n ¤+ - <t·|<¸- + ª+¸n n ¤|·||~| + ln(
v=|·|- +-| + l-n|º| t- ª+¸n + -¤|=i +| (+ -+ v<|- l+¤|
¤t ª+¸n nln- ¤lª-¤| n ·t- ¤|n l-·=t|¤ ¤--| + ln( ª¤|ni
z||-|-< ·|n|·| -¤|= ,|·| =-|ln- l+¤| ¤| ·t| t
nz¬ ¤r¤r¬¤, ¤¬ªrrrt .
• PNB Prerna, Vice President Smt Usha Ananthasubramanian,
Executive Director PNB presented the cheque to the Trustee of
the school for construction of toilets for the girl students in the
school in Dehradun. This school is run by Swami Shantanand
Charitable Trust for the destitute children residing in slum areas.
Circle Office, Bulandshahar:
• PNB in collaboration with World Wildlife Fund for Nature,
India, Wild Bird Protection Society organised a Marathon to
create awareness to protect the birds.
• ¤¤|¤ -z|-n ¤+ - ¤-÷ ¤|:-÷n|:¤· ¤·|-÷z|- ¤·|· --· :lº÷¤|
¤-¤ ¤-|i =·-|º| =|=|:ºi + =t¤|ª = ¤l-|¤| + =·-|º| ·¤|-|+·|º|
t- (+ n·|·|- <|÷ +| ~|¤|¤- l+¤|
67
n. ¶frr q¤ ¶rr¤ =r¤-ªrt ¤r¬
|l·| (¤ ª|niº| -|·| + l¤ª-|· +i ~|· ¤+ +| ¤|ª<|- ¤|·i ·t| ¤| :-
-|·|| n +º| ¤lz = vl-l¤l-¤- ·|| :=+ ~l-l·+- ¤+ - ·||·- =·+|·
,|·| v|·|ln+-| -|·| + ~-ª- l-·||l·- ·|·ºi¤ n-¤| +| v|-- l+¤| t
v|·|ln+-| -|·| ~lªn| +| ¤|º¤·|ln¤| n|- .º¡. n ¤·+· ` º·ººº
+·|÷ t| ª¤| l¤=n ` .º.:· +·|÷ +i ¤·- + =|·| .·.· vl-z|- +i
¤lz t: t =nl¤- l-¤n ¤+ ~lªn(-¤i=i| + ¤l- v|·|ln+-| -|·|
~lªn| +| ~-¤|- :º vl-z|- + ·|·ºi¤ n-¤ = -¤· ·t- t( :º.º
vl-z|- ·t|
|l·| -|·| +| +º| n|- .º¡. n .º.:º vl-z|- +i ¤lz + =|·| ` :·º¡
+·|÷ t| ª¤| ¤| n|- .º¡¡ n ` ª·:·. +·|÷ ·|| =nl¤- l-¤n ¤+
+º| + vl- |l·| ~lªn| +| ~-¤|- ¡º.ª: vl-z|- ·|| ¤| ¡º vl-z|- +
l-·||l·- ·|·ºi¤ n-¤ = ~l·|+ ·t| ª¡ n|- .º¡. +| nltn| n|·||l·|¤|
+| v<·- +º| ` .·:¡ +·|÷ = ¤·+· ` ¡¡·º +·|÷ t| ª¤| ¤¤l+
=n|¤ + +n¤|· ¤ª +| ¤·| + <|·|- ¤+ - ` .:ªºº +·|÷ +| +º|
v<|- l+¤|
=¸-n n·| (¤ n·¤n -¤n| + -|·| n ¤+ +| l¤z|·| ·¤|- ¤-| ·t| -·|| :=
-|·| + +º| n ¤·||-¤·| ~|·||· ¤· .·.·. vl-z|- +i ¤lz <¤ t: ¤+ -
ª¤¤ =t|¤-| =n¸t +i ª·||¤-| ~|· +º| =-¤z-| + n|·¤n = =¸-n l¤·-
+ =¤·|- + v¤|= ¤|·i ·º| n|- .º¡. + ~- n ¤+ + ` ¡·¡. +·|÷
+ =|·| ¡ºº.· +º| =-¤z ª¤¤ =t|¤-| =n¸t ·| l¤-n ¡·ª¡ :º.ªº
vl-z|-| ª¤¤ =t|¤-| =n¸t| +i ¤lz t: t
¤tqª¤t ¶rr¤ ¤r¤r¢r -¤r= .
¤+ - |·|+| nltn|~| (¤ ª|niº| -|·| + ¤¤|~| + +-¤|º| + ln( ¤·|
.ººº n ¤i(-¤i |·|+ +-¤|º| -¤|= +i ª·||¤-| +i t -¤|= + =·-|º|
+ ~-ª- =--|º|÷| :tl·¤|º|||· l¤l<z|| :n.v.|· -in·|-| :·|¤ª·||-|·
z|nz|· -ª· :¤¤|¤|· =¤·: :-.v.|· n·|÷i :¤·-i=ª·|· nt·|¤ :¤¤|¤|·
l¤-n|¤|·¤·¸ºi :-lnn-|÷|· +·|¤-ni :-÷i=|| -·|| -n: nlz|<|¤|<
:¤lz-n ¤ª|n| n ¤+ + ¡º |·|+ vlz|-|º| +-: +|¤ +· ·t t
¤ |·|+ vlz|-|º| +-: ª|niº| -|·|| n ~¤lª·|- t l¤-+ ,|·| |l·| -·||
=¤z ªl-l¤l·|¤| +--¤¸º· ¤|a¸¤+n| +lºª l=n|: (¤ +·|: ~|l< +|
l-·z|-+ vlz|-|º| l<¤| ¤|-| t :- |·|+ vlz|-|º| +-:| ,|·| ¤·| .º¡¡¡.
+ <|·|- º.¡· |·|+| (¤ ¤¤|~| +| vlz|-|º| l<¤| ¤| -+| t l¤-n
¡º.º· nltn|( z||lnn t :=+ ~l-l·+- ¤·| .º¡¡¡. + <|·|- |·|+
vlz|-|º| +-: ,|·| :¡ n|-¤ l-l+·=| ¤|- lz|l¤· ¡¡º ¤z| ª¤|ª·¤ ¤|-
C. AGRICULTURE AND FARMER RELATED INITIATIVES:
Bank has continued to contribute towards expansion of agricultural
and rural sector and the same was reflected in increased lending to
these sectors. Further, Bank achieved National Goals set by the
Govt. of India under Priority Sector (PS). The portfolio of PS
Advances increased to ` 95,898 crore as at March 2012, registering
an increase of ` 20,246 crore and a growth of 26.76 %. Ratio of
PS advances to Adjusted Net Bank Credit (ANBC) at 40.70 % going
beyond the National Goal of 40 %.
Credit to Agriculture sector grew by 29.48 % to ` 45,917 crore as
on March 2012 from ` 35, 462 Crore in March 2011. The ratio of
Agriculture Advances to ANBC was 19.34 %, higher than the
prescribed National Goal of 18 %. Credit extended to women
beneficiaries rose by ` 2,541 crore to ` 11759 crore, as on
March 31, 2012 while weaker section of the society received
` 24,380 crore from the bank during the year.
Micro Small & Medium Enterprises (MSME) remained the area of
focus for the Bank as the loans to the sector recorded 26.62% growth
on YOY basis. Bank promoted micro finance through formation and
credit linkage of Self Help Groups. At the end of March 2012, the
Bank had credit-linked 1,80,726 SHGs with amount of ` 1512
Crore, registering an increase of 15371 SHGs (9.30 %).
PNB farmers' Welfare Trust:
Bank established PNB Farmers' Welfare Trust in the year 2000 for
welfare of the farmers, women and youth in rural areas. Under the
aegis of the Trust, 10 Farmers' Training Centres (FTCs) have been
operationalised i.e. Sacha Khera (Haryana); Vidisha (MP); Neemrana
(Rajasthan); Shamsher Nagar (Punjab); Saifai (UP), Labhandi
(Chhattisgarh); Mehraj (Punjab), Pillayarpatti (Tamil Nadu), Karapalli
(Odisha) and Talai, Mushidabad, (West Bengal).
These FTCs are located in rural areas and provide free of cost training
on agriculture & allied activities, computer courses, cutting, tailoring
& embroidery, etc. These FTCs imparted training to 92,175 farmers
and youth including 18,295 women during the year 2011-12.
Further, during 2011-12, 41 Human Health Check Up Camps, 110
Animal Health Check Up Camps were conducted and 67 visits to
68
lz|l¤· ~|¤|l¤- l+( ª( ~|· |l·| l¤z¤l¤¤|n¤|/+|n¤|/nn|/=·+|·i
¤·|n| ~|l< n |·|+| + · <|· ~|¤|l¤- l+¤ ª(
v·¤+ |·|+ vlz|-|º| +-: - ` · n|º| +i ·|lz| = l¤+|=|-nº| ªl-l¤l·|¤|
+| ~|¤| l¤- +·- + ln( (+ ª| ¤ +| ~ ªi|- l+¤| t l¤=n ¤-= l¤·||~|
+| l-n|º| ª+¸n + ln( +n· ª|niº| ¤ª-+|n¤ l÷=¤=·i º|n + ln(
n<|- ª+¸n| +| ¤º| ¤|º· +¸n· ~|l< v<|- +·- ¤= l¤+|=|·n+ +|¤
l+¤ ¤| ·t t 'l¤·-i¤ =n|¤z|-' + ln( -¤|= +| +|·|¤|· =t|¤+
:l¤¤-= ¤·l=lnºº·| (¤ +|·|¤|· vl-l-l·| :l¤¤-= +|·=¤|-÷º| + ª¤
n l-¤+- l+¤| ª¤| t |·|+ vlz|-|º| +-: + -in|·|-| :·|¤ª·||-|
z|nz|· -ª· :¤¤|¤| =--|º|÷| :tl·¤|º||| -·|| =¤·: :-.v.| n ¤|¤nº
¤l·¤|¤-|( ¤l·-|n-·- t := -¤|= - l+=|- ¤¬ ¤|¤-| z|ª +i t ¤t|
ª·||-i¤ ¤¤|~| +| := ¤l·¤|¤-| t- +|n +·- + ln( ¤|÷| ª¤| t
+ ·|+ ¤ lz|-|º| + -< | ,|·| l¤l·|-- l-ªln- =|n|l¤+ -·-·<|l¤·¤
ªl-l¤¬¤| ¤= ¤÷/¤|¬| +| +·|+|/¤lz|-|º||l·|¤| +| <|- <-/-·| ¤|-
lz|l¤·| +| ~|¤|¤- l+¤| ª¤| l¤== ª|niº| ª·i¤| l¤z|·|+· ¤--| ~|l<
+| n|·| t~|
¤¬r¤ ªrrª¬ ¤¤ rrarªªt nrnt¢r f¤¤r= -¤r= .
¤+ - ª|niº| l¤+|= (¤ n|·|<|¤i ·|¤ª|· + ln( ª|niº| ¤¤|~| +i
=t|¤-| + -ªz¤ = ¡ººª n ¤i(-¤i z|-|·<i ª|niº| l¤+|= -¤|= +i
ª·||¤-| +i t := -¤|= + ~-ª- -i- :+|:¤| ¤·|| ª|¤ nº+i ¤|·|ni
:-.v.| n n<| ¤·i-|º| (¤ |l·|n ª·||·||- +-: ª|¤ ·|l÷+ :¤¤|¤| n
ª|niº| ¤¤|~| + ª¤·|¤ª|· t- vlz|-|º| +-: -·|| ¤º-| :l¤t|·| n
¤·|¤ª|· ¤¤+| + vlz|-|º| t- ¤i(-¤i ª¤·|¤ª|· l¤+|= =ª·||- +|¤ +·
·ti t
¤·| .º¡¡¡. + <| ·|- nº+i ¤|·| ni + -: :-.v.| n :º.º n <| -n¸ -|
+| l¤zn ·|º| l+¤| ª¤| º· |l·|n ª·|| ·||- +·|( ª( -·|| ··· ¤in|·
¤z| ~| +| -¤-|· l+¤| ª¤| :=+ ~l-l·+- ¡ª.ºº ·¤l+-¤| - ¤ni
+-¤| l¤lº ª (¤ =| · -¤| + v<z| -| n ·||ª ln¤| :- -i- + -:| n ¤·|
.º¡¡¡. + <| ·|- ·º· nltn|~| =lt- + n ¡.º¡ n| ª| +| vlz|-|º|
v<|- l+¤| ª¤|
nrnt¢r t¤tr¬nrt ¤frr+r¢r =tºrrª (=rtq=;ºt=r;¸ .
:=+ ~|ª ª |niº| l¤+|= n ·||n¤ ·||·- =·+|· + l<z||l-< z||- =|·
v·¤ + ¤ + +| ~¤- ~ª º|i l¤n + =|·|=|·| =-¤l-·|- ·|-¤ ª-·i¤
¤ += =lnl- ,|·| ~|¤ lº- ª · ~ª º|i l¤n| n ª |niº| ª¤·| ¤ª|· vlz|-|º|
+ -: +i ª·||¤-| +·-i t l¤=+ ln( ·|-¤ =·+|· ,|·| l-·z| -+/ni¤ ¤·
<i ª: ·|¸ ln ¤· ·|¤- + l-n| º| + ln( ª. ¡ +·| ÷ v<|- l+¤| ¤|(ª|
Agricultural Universities/Colleges/Fairs/Govt. Farms, etc were
arranged by the FTCs.
Each FTC has adopted one village for undertaking developmental
activities at a cost of ` 5 lakh, wherein developmental works like
construction of public conveniences, class-rooms for schools, village
library, dispensary, playgrounds, providing fans, water coolers, etc.
to schools are being undertaken. The Trust has been appointed as
Business Facilitator and Business Correspondent for 'Financial
Inclusion'. Pilot projects are operational at Famers' Training Centres
Neemrana (Rajasthan), Shamsher Nagar (Punjab), Sacha Khera
(Haryana) and Saifai (UP). The Trust has launched Kisan Bandhu
Scheme wherein local youth are associated to work for the project.
Various CSR activities, such as donation of plants/saplings to the
farmers / trainees, holding of Dental/Eye Check Up Camps for the
benefit of rural poor, particularly children, etc are also undertaken
by the FTCs.
Punjab National Bank Centenary Rural Development Trust:
The Bank has established PNB CRDT in 1993 with an objective of
assisting rural youth for taking up gainful employment and rural
development. Three units under the Trust are working, viz., Soil
Testing & Artificial Insemination Centre at Village Matki Jharoli (UP);
Training Centre for Rural Youth for Self Employment at village
Dhudike (Punjab) and PNB Swarojgar Vikas Sansthan for training
of unemployed youth at Patna (Bihar).
At Matki Jharoli Centre (UP), 4029 soil samples have been analyzed,
875 artificial insemination have been done and 6575 diseased
animals have been treated during the year 2011-12. Besides,
13,290 persons have attended demonstrations on vermi composting
and solar energy. In these three centres, training has been provided
to 1281 persons including 696 women during the year 2011-12.
Rural Self Employment Training Institutes (RSETIs):
Further, as per the Ministry of Rural Development, Govt. of India
guidelines each Bank is to establish a Rural Self Employment Training
Institute (RSETI) in it's lead districts as well as in non lead districts
allotted by the concerned State Level Bankers Committee (SLBC)
for which the land is alloted by the concerned state Govt. Free of
69
¤i(-¤i z|-|·<i ª |niº| l¤+|= -¤|= + = ·-|º| + ~ -ª - ªº ¤i(-¤i
ª |niº| ª¤·| ¤ª|· vlz|-|º| = ª·||- ª·||l¤- l+( ¤| - + t ¤·| .º¡¡¡.
+ <| ·|- :- = ª·||-| ,|·| ..ª·. ·¤l+-¤| +| vlz|-|º| v<|- l+¤| ª¤|
:- = ª·||-| ,|·| ª |niº| -| ·|| + ª·i¤i · º|| = -i- ¤i¤- ¤|¤- +· ·t
ª |niº| ¤ ¤+| -·|| nltn|~| +| vlz|-|º| v<|- l+¤| ¤| ·t| t -|l+ ¤
ª¤¤ +| -·¤|<+ ª¤·| ¤ª|· +|¤ +n|¤| n nª| =+ -·|| ~¤- ~|¤ +
ª-· +| ¤· | =+
Cost. Under the aegis of PNB Centenary Rural Development Trust,
39 PNB Rural Self Employment Training Institutes (PNBRSETIs) have
been established. During the year 2011-12, these centres have
provided training to 22,352 persons. These institutes are providing
training to the Rural BPL youth and women so that they can engage
themselves in productive self employment activities and raise their
income level.
f¤-at¤ =nr¤rrª ¤r¬ .
l¤·-i¤ =¤|~| -+ ¤t- = l¤·-i¤ ·|ª-|- +·- ~|· ·|lz| v|-- +·- n
=l¤·|| -·|| n-<- +i n|ª- n +ni + ,|·| ¤+ - l¤·-i¤ =n|¤z|- +
-|·| n l¤z|·| ·¤|- l<¤| t :=+ ~l-l·+- l¤·-i¤ =¤|~| -+ ¤t-· ¤t-
= -·¤|<- ~|· =|n|l¤+ =·-|| v|-- t|-i t +¤|l+ l¤·-i¤ -|·|¤--|
+º| ~|· ¤in| + n|·¤n = =+º + -¤|¤| +| ·|t- v<|- +·- +| +|¤
+·-| t =n|¤z|- = (+ -·¤· ¤t| ¤l-- º|º÷| +| --n+- -·¤|<+
-|n-|~| +i ~|l·|+ ¤lz n =·||· t|-| t ¤ti <¸=·i ~|· :== (= -|·||
= ~|¤ (¤ º|¤- n ¤lz = ·|·n¸ n|ª ª·||¤i ~|·||· ¤· ¤·-i t ¤+ +i
l¤·-i¤ =n|¤z|- ¤tn +| n-¤ ª|niº| ¤--| +| l¤+|= +i vl+¤| n
=z|l+-+·º| (¤ =t·||lª-| v<|- +·-| t
¤i(-¤i - +|·|¤|· =t|¤+/+|·|¤|· vl-l-l·| n|÷n + n|·¤n = =¸--|
v|¤|lª+i + v¤|ª + =|·| ¤l+ª =¤|( <- n n·¤ª·|| + ª¤ n ª·
=·+|·i =ªa-|/ª¤¤ =t|¤-| =n¸t| =¸-n l¤·- =ª·||-| (¤ ~-¤ -|ªl·+
=ªa-| +i =¤|~| +| -¤¤|ª l+¤| t ¤i=i n|÷n ¤+ +| ª|niº| ¤--|
+ <·¤|¤ -+ +z| :-+z| ~|-º n-<- +·- ~|· ~l-n ¤|· -+ +
ª|t+| -+ ¤|º¤n ¤i~|(= nz|i-| :t÷ t-÷ l÷¤|:l==| + :ª-n|n +
=|·| ¤t-- n =t|¤+ t ¤| ªn|º +|÷| +| ¤·-/lnº|- n =n·| t :=
v+|· v|¤|lª+i ¤¤|-- n|·|| n ¤|º n-<-| +i ¤l·-|n- n|ª- n +ni
n|- (¤ =¤| n =·||· +·- n ~·|¸-¤¸¤ ª¤ = =t|¤+ t: t
f¤-at¤ =r+rtar aºrr =¢r ¤trnrrªrar ¤-) (q¤·q¬=t=t=t¸
l¤·-i¤ =|-|·-| v<|- +·- t- l¤·-i¤ =|-|·-| (¤ +º| ¤·|nz|<|-| +-:|
¤·(n=i=i=i| +i ª·||¤-| +i ª: ·|i ·||·-i¤ l·¤¤ ¤ + + l<z||l-< z||- =|·
Financial Inclusion Initiatives:
Financial Inclusion has been the area of focus for the Bank by making
accessibility to financial services, facilitates making and receiving
financial payments and reduces transaction costs. Further improved
access to financial services contributes to productivity and social
protection, as the financial sector - through savings, credit and
insurance - serves as a measure of crisis mitigation. Inclusiveness
improves economic growth by unleashing productive capacities of
excluded segments on one side, while on the other it boosts
domestic demand on a sustainable basis arising out of income and
consumption growth from such sectors. Bank's financial inclusion
initiatives are aimed at financial empowerment and participation
of rural masses in the growth process.
PNB has utilized the services of NGOs/SHGs, MFIs and other civil
society organizations as intermediaries in providing banking services
through the Business Facilitator/ Business Correspondent model
along with the use of information technology. The BC model allows
the bank to undertake 'cash in-cash out' transactions at the doorstep
of rural population and to reach last mile customers with use of
portable POS machines (hand held devices) which are able to read/
write smart cards. Thus technology has helped in dramatically
reducing the operational costs for large number of small transactions
and improving service delivery.
Financial Literacy and Credit Counselling Centres (FLCCCs):
The Financial Literacy and Credit Counseling Centres (FLCCCs) were
introduced to impart financial education. As per the RBI guidelines,
70
v·¤+ ~ªº|i ¤+ +| t· (+ l¤n n ¤t| -=+ ¤|= ~ªº|i -·-·<|l¤·¤
t (+ (¤·(n=i=i=i º||n-| ~¤l-|- t tn|· ¤+ + ¤|= · l¤n| n
~ªº|i ¤+ +i l¤-n<|·i t -·|| tn :- =·|i l¤n| n (+ (¤·(n=i=i=i
º||n -+ t :=+ ~l-l·+- ¤ + - +·|n¤|ª l<-ni n (+ (¤·(n=i=i=i
º||n| t l¤= lnn|+· (¤·(n=i=i=i +i =º¤| ·º t| ª: t :- +-:|
,|·| l¤·-i¤ n|nn| ¤·|| · ¤n|·|lz|¤| -|l+n º||- º||n-| =·-||·n+ (¤
-¤-|·|·n+ +º| ¤·|nz| <- + ln( ·¤l+-ª- ª¤ = =¤|( v<|- +i ¤|
·ti t ¤·| .º¡¡¡. + <|·|- l¤·-i¤ =|-|·-| -·|| +º| ¤·|nz|<|-| +-:|
= .ºº..¡ ·¤l+-¤| - ¤¸¤-|¤ +i ~|· :- +-:| ,|·| ~|¤|l¤- =ln-|·|
n ¡º··º¡ ·¤l+-¤| - ·||ª ln¤|
¤tqª¤t f¤¤r= - nrn =nt¤t¢r ¤r¬ªr .
l-ªln- =|n|l¤+ -·-·<|l¤·¤ ªl-l¤l·|¤| + (+ ltª= + ª¤ n ¤+ -
'¤i(-¤i l¤+|=' -|n+ ª|n ~ªi+·º| +i (+ +-¤|º|+|·i ¤|¤-| ~|··|
+i t ¤i(-¤i l¤+|= +| n¸n -ªz¤ ¤+ +i l¤·-i¤ =n|¤z|- ¤|¤-| +
·||ª + ª¤ n -- ª( ª|¤| +| (+i|- l¤+|= +·-| t l¤=n n|-¤
l¤+|= ~|l·|+ l¤+|= (¤ ~-¤ ~|·||··|¸- l¤+|= ~-¤ ªº|+ t|-÷·| ¤=
ª|¤| =·+|·i v|l·|+·º|| -·|| ª·||-i¤ l-+|¤| + =t¤|ª = =¤·|: ¤i- +|
¤|-i -¤n··| +·|-| lz|-|| l¤¤ni ª¤|ª·¤ -·|| +º| v|-- +·- =¤·|i
+|¤ +·|-| z||lnn t := ¤|¤-| + ~--ª- ¤+ - l¤l·|-- n÷n| n
~ªi+·º| t- ¡¡º ª|¤| :·º ~ªº|i l¤n| -·|| ·º ª· ~ªº|i l¤n| n| +|
-¤- l+¤| t
t¤rtº¤ q¤ =rnrf¬¤ ¤r¬.
• ªº|¤· + =l+¤ ¤|ª<|- = ¤·| + <|·|- l¤l·|-- =|n|l¤+ ªl-l¤l·|¤|
~|¤|l¤- +i ª: l¤-n ¡:· l-·z|-+ nl÷+n -·| (¤ =|n|-¤ ¤|-
lz|l¤· -·|| ·. ·+-<|- lz|l¤· =l-nln- t
each Lead Bank is expected to open an FLCC in every district where
it has lead responsibility. Our Bank has lead bank responsibility in
57 districts and we have opened FLCCs in all these districts. In
addition to this, Bank has opened one FLCCC in Karol Bagh, Delhi,
taking the total number of FLCCCs to 58. These centres are
providing the face to face counseling on financial issues related to
banking viz. deposits, opening of No frill Accounts, preventive and
curative credit counseling, etc. During the year 2011-12, 2, 00,221
number of enquiries were made in the FLCCCs and 1, 95,601
persons attended the seminars conducted by FLCCCs.
PNB VIKAS - Village Adoption Scheme:
As part of the Corporate Social Responsibility initiatives, the Bank
decided to come up with a village adoption scheme viz. "PNB VIKAS".
The scheme's basic objective is to develop the identified villages in
an integrated manner which includes Human Development, Economic
Development & other Infrastructure Development in co-ordination
with the other stakeholders, the villagers, the Government Authorities
and the local bodies in terms of sanitation, drinking water supply,
education, electricity, health and accessibility to credit. Under the
Scheme, the Bank has adopted 118 villages (59 in lead districts and
59 in non lead districts) in different circles.
Health and Social Initiatives:
• With the active involvement of the staff, various Communities
based activities were undertaken during the year which
included 145 free medical eyes and General check-up Camps
and 52 Blood Donation Camps.
• >i + .~|·. +|n- ~·¤-| (¤ ¤ ¤ ¬ l-< z|+ ¤i(-¤i - <| -| +|¤ ¤|n+
l-<z|+| >i ·|+z| =ai (¤ >in-i -·|| ~--=¤nº¤- + =|·| lt-<
+·a l-¤|·º| =·| ::l÷¤- ln¤|=i (=|l=¤z|- l<-ni| +i ~|· =
·||·- +i nt|nltn ·|·º¤l- >in-i ¤l-·||<¤i l=t ¤|lºn +| ª n|º|
ª¤¤ +| -+ <|- l<¤|
• Sh K R Kamath, CMD, PNB along with Executive Directors,
Sh Rakesh Sethi & Smt Usha Ananthasubramanian, donated a
cheque of Rs. 3 lac to Smt. Pratibha Devi Singh Patil, Hon'ble
President of India on behalf of Hind Kust Nivaran Sangh (Indian
Leprosy Association Delhi).
71
• Bank has been taking up green initiatives by promoting the
environment friendly projects and extending credit support
to those projects which are adhering to environmental
standards and norms.
• To promote green activities, the Bank organised more than
172 Tree Plantation Drives.
• The greener practices have been adopted in various offices of
the Bank :
• Doing away with incandescent lamps,
• Rain Water harvesting,
• Use of solar energy,
• Printing on both sides of paper,
• Purchasing composite fax machines which can perform
multiple functions,
• Immediate repair / redressal of any water leakage,
• Use of Master Sensor / master switches for lights, fans
etc, wherever possible.
HO Divisions at their end also have initiated following green
practices in banking processes:
• Green Channel Process for PoS terminals: In order to fast track
the process for installation of terminals for merchants having
relationship with PNB, a new channel called 'Green Channel
Process' has been implemented whereby Point of Sale (PoS)
terminals shall be provided to the Merchant Establishments
on fast track basis, by collecting minimum documentation.
Under this process, PoS terminals are being installed within 4-
5 days of submission of documents by the merchant/branch
at select centres.
• Bank has also planned a State of Art Building at Dwarka for
housing entire Head Office Divisions in it, which will lead to
• ¤¤|¤·º| + ~-+¸n ¤l·¤|¤-|~| +| ¤·|¤| <+· -·|| ¤¤|¤·º| ª-·
(¤ n|-+| +| ¤|n- +·- ¤|ni ¤l·¤|¤-|~| +| +º| =t|¤-| <+·
¤+ - tl·- ¤tn +| ~¤-|¤| t
• tl·- ªl-l¤l¬¤| +| ¤·|- + ln( ¤+ - ¡. = ~l¬+ ¤-||·|¤º|
~l·|¤|- -n|(
• ¤ + + l¤l·|-- +|¤| n¤| n tl·- +|¤ ¤ º||ni +| ~¤-|¤| ª¤|
t ·
• ~·¤l·|+ -n+in n-¤| +| v¤|ª -ti l+¤| ¤|-|
• ¤·|| ¤n (+·|i+·º|
• =|· -¤| +| -¤¤|ª
• +|ª¤ + <|-| ~|· n:º|
• +-¤|l¤º ¤·+= nz|i-| +i º|·i< ¤| ¤t-ªz|i¤ +|¤ +·- n
=-|n t|
• ¤|-i + l+=i l·=|¤ +i -·-- n·-n-/=n|·||-
• ¤t| +ti ·|i =·|¤ t| l¤¤ni ¤º| ~|l< + ln( n|ªº·
==·/n|ªº· ª¤i-| +| v¤|ª
¤ f¤ n ¤fa¤r n ¤+rrnr ª +rt =¤ª tat = fªrªf¬f=ra rfta ¤r¤ ¤¬r¤r
¤t ¤r¬ ¤t r .
• ¤t=rq= ºfnª¬ ¤ f¬q rfta ¤ª¬ ¤fa¤r . ¤i(-¤i + =|·|
=¤·| ·º|- ¤|n ·¤|¤|l·¤| + ln( ºln-n +i ª·||¤-| t- vl+¤| +|
¤·|ªº º+ +·- + +n n 'ªi- --n v|==' -|n = (+ -¤| --n
l+¤|l-¤- l+¤| ª¤| t l¤=+ ,|·| ¤·|ªº º+ ~|·||· ¤· ·¤|¤|l·¤| +|
--+ ·¤|¤|l·+ vl-·a|-| ¤· -¤|:º ~|¤· =n ºln-n v<|- l+(
¤|(ª l¤=+ ln( --= -¤¸--n <ª-|¤¤ ln( ¤|(ª := vl+¤| +
~--ª- ·¤|¤|·i/-¤l-- +-:| ¤· z||º|| ,|·| <ª-|¤¤ ¤n| +·- +
:· l<- + ~-<· ¤i~|(= ºln-n ª·||l¤- l+( ¤| ·t t
• ¤+ - v·||- +|¤|n¤ + =nª- v·||ª| +| (+ ti ·|¤- n ·º|- +
ln( ,|·+| n ·|¤- l-n|º| +n| = ¤l·¤¸º| (+ ·|¤- ¤-|- +i ¤|¤-|
¤-|: t l¤=+ ,|·| =n¤ (¤ :·|- +i ¤-- + =|·|=|·| =|n|-¤
• ¤+ ,|·| ¤¤|¤ n·¤ v<z| tl·¤|º|| l¤t|· ¤lz-n ¤ª|n ltn|-n
v<z| -·-· v<z| ~|· -·-·|-n ·|-¤| + ª|niº| :n|+| n ¤ª-+|n¤
(¤ =t¤|--|n¤ -n|¤| ¤| ·t| t
rfta ¤r¬ .
• The Bank is maintaining Library-cum-Reading Rooms in rural
areas in the states of Punjab, M.P., Haryana, Bihar, West Bengal,
Himachal Pradesh, Uttar Pradesh and Uttaranchal.
Green Initiatives:
72
+z|n-| n ·|i ¤lz t|ªi ¤t (+ v|n|lº|+ rfta +r¤ª t|ª| ¤|
~·¤l·|+ +z|n l÷¤|:- -·|| =¤|l·|+ ~|·|l-+ =l¤·||~| = ¤+-
(+ ~-¸a| ·|¤- t|ª| :=n z||·il·+ ª¤ = ~-|n ·¤l+-¤| + ln(
·|i =·|i =l¤·||( -¤n··| +·|- +| ·|i vª-|¤ t
• ¤ + - tl·- ¤tn +| ~¤-|- + ln( (+ ~| · +<n ~|ª ¤· |¤|
t -·|| ¤tni ¤|· 'ª| ª i- v| ¤ +º' +| +|¤| -¤¤- l+¤| t l¤=n
tn|·i ¤ + ¤ ¤ =|:º = ~|: ¤i¤i(= = lnlº|- ¤·i-|| = n|·| +
=|·| ti =|-||·+|· t - ~| -n|:- +| n n º· +| ÷|--n| ÷ +·- +i
= l¤·|| v<|- +i ª: t :== - + ¤n ~·¤·|i +| lnlº|- ¤·i-||
=|-||·+|· +i -|·iº| +i =¸ --| v<|- +·- n =n¤ +i ¤-- t : t
¤l-+ +|ª¤ +i ·|i ¤-- t : t ¤| ¤tn <| -| -·º|| n v¤| ª l+(
¤| ·t ·|
• =ª·|| n tl·- ¤tn + +|¤|-¤¤- t- (+ ~-¤ +<n + ª¤ n v.
+|. ª-· ¤· =-+-| l¤·||ª -·|| n÷n| + =-+-| ~l·|+|l·¤|/
=¤l·|- ~l·|+|l·¤| + n·¤ =i·| =¤i¤ =¤+ ¤-|- + ln( =|+º¤¤·
-¤|· l+¤| ¤| ·t| t
• ¤+ - ¤t =l-lz-- +·- + ln( l<z||l-<z|| +| vl-¤|l<- l+¤| t
l+ ¤+ -- ¤l·¤|¤-|~| +| l¤·- v<|- +· ·t| t ¤| ¤¤|¤·º|
l-¤·|º| ¤|÷ =lt- =·|i =|l¤l·|+ -·|| ~-¤ ~-n|<- ln¤|<i +º| +
=l¤-·º| = ¤tn v|-- +· n- t
• ¤+ - :=+ ~l-l·+- -- ¤¸l-º| +| l¤·- v<|- +·- + ln( ·|i
l<z||l-<z| l<( t ¤| -¤| ¤= =|· -¤| ¤¤- -¤| -·|| ¤n -¤|
-·¤|l<- +· ·t t ¤t v·¤+ n|nn n ªº|<|·| ¤· ~|l·||l·- t ¤|
ª¤-¤ ¤|-|¤·º| v<|- +·- + ln( ªi- t|-= ª= -·=¤- n n<<
+·- t ¤| :+|:¤| ~|¤|- +| +n +·- ¤|n ¤<|·|| :~|÷i(=| +|
v¤|ª +·- t -- :+|:¤| -·|| l+¤|+n|¤| +| l¤·- v<|- +·- n
+º|-i +·- =¤·|i l<z||l-<z| ¤-|( ª( t
• ¤¤- -¤| ª¤-¤ -¤| + nt·¤¤¸º| ª·||- + ª¤ n -·|·| t -¤| +
:= ª·||- +| ¤·|¤| <- + ln( ¤+ - := -|·| n +n ~lªn| +|
¡% +º| v<|- +·- +| --nº| l+¤| t ¤·| .º¡¡¡. + <|·|-
¤+ - ¤¤- -¤| ¤l·¤|¤-| t- ` ªºº.· +·|÷ +i +º| =in|
ª¤i|- +i t ¤| ¤·| .º¡º¡¡ n ` ¡º·.º¡ +·|÷ ·|i
savings in time and fuel and add to the general efficiency. It
will be a certified Green Building which will showcase a unique
building having maximum design efficiency and most modern
amenities. It also proposes to have all the amenities for the
disabled.
• Bank moved a step further in taking up green initiatives and
implemented "GO GREEN PROJECT" for the first time by
allowing for the facility of downloading interview call letters
online from our Bank's Website for written test as well as
interview was availed from IBPS. This not only saved the time
for communication of dates of written test, interview details
to candidates but also saved the paper which was earlier being
used for both the phases.
• In another step towards implementing green practices at the
organization, a software is under process for making direct
live connection between Vigilance Department at HO level
and Vigilance Officers/Handling Officers at all Circles.
• Bank has formulated guidelines to ensure that the Bank is
financing the projects which is ensuring that all the statutory
and other approvals including from pollution control board
has been obtained before disbursement of term loans.
• Bank has further placed guidelines for providing finance to
units producing clean energy such as solar energy, wind energy
and hydel energy on merits of each case which help in
containing Green House Gases emissions leading to clean
environment. Guidelines have been evolved to curb financing
of units and activities which use Ozone Depleting Substances
(ODS).
• Wind energy has emerged an important source of clean energy.
Towards promotion of this source of energy, the Bank has
envisaged to provide upto 1% of its total advances to this
segment. During the year 2011-12, Bank sanctioned wind
energy projects with limits of ` 389.57 crore as against
` 185.81 crore in the year 2010-11.
=r¬¤¸ª ¤r-=rrª .
¤+ º|n+¸< =¤·|i ªl-l¤l·|¤| ¤· ·|i ·¤|- <-| ·t| t := l<z|| n ¤+ -
'¤i(-¤i t|+i ~+|<ni' +i ª·||¤-| +i t ¤| ¤¸l-¤· t|+i ºin + ª¤ n
¡: = ¡º ¤·| -+ + ¤¤| vl-·||¤|- lº|n|l÷¤| +| -¤|· +· ·ti t ¤t
vlz|-|º||l·|¤| +| lz|-|| ·|¤ª|· -·|| z||·il·+ ¤|·¤-| v<|- +·- + ª¤ n
Promotion of Sports:
Promoting sportsmanship has also been the focus area of the Bank.
Towards this end, "PNB Hockey Academy", established by the Bank
is grooming young talented players in the age group of 14 to 19
years as a part of Junior Hockey Team. This is done by way of
73
supporting the education, employment & physical well being of
the trainees. Senior Hockey Team too has been prepared by
recruiting Hockey players as employees of the Bank. Presently there
are 21 players in the senior hockey team. Hockey players of the
Bank' s academy represented the country in National and
International hockey tournaments like Asia Cup, Junior World Cup,
Nehru Hockey tournament and K. D. Singh Babu Tournament, etc.
D. Other Initiatives
• Asha Project
Asha is working towards progress and development of around
400,000 people living in more than 50 slum colonies of Delhi
by allowing them to realize their potential, regardless of their
background, caste or religious beliefs. Asha addresses deep-
rooted social and poverty induced problems by involving
community members in every aspect of our work with the
aim to make lasting benefits in the lives of slum dwellers
through empowerment, healthcare, education, financial
inclusion and environmental improvement.
PNB has been associating with NGO ASHA for past few years
and participating in the financial inclusion programmes. Under
this, PNB has been financing the slum dwellers through its
branches. During the year 2011-12, 68 beneficiaries were
financed under Education loan / Business loan schemes to the
tune of ` 40 Lakh only.
E. Concluding Remarks:
The performance under CSR by your Bank through its Corporate
Office, Field Offices and also through its CSR arms i.e. PNB Prerna
has reached a plateau which has now visibility and recognition.
However, to improve further, this activity will be made more
broadbased in tie up with reliable socially responsive organizations
and institutions working towards making society a better place to
live in.
=t|¤-| +· ·ti t ¤+ + +n-|·i + ª¤ n t|+i lº|n|l÷¤| +i ·|-i +
,|·| =il-¤· t|+i ºin ·|i -¤|· +i ª: t ¤-n|- n =il-¤· t|+i ºin n
.¡ lº|n|÷i t ¤+ +i ~+|<ni + t|+i lº|n|l÷¤| - ·|·ºi¤ (¤
~-·|·ºi¤ t|+i º¸-|nº n <z| +| vl-l-l·|·¤ l+¤| t l¤-n (lz|¤| +¤
¤¸l-¤· ¤-÷ +¤ -tª t|+i º¸-|nº -·|| +.÷i. l=t ¤|¤¸ º¸-|nº ~|l<
z||lnn t
rr. =-¤ ¤r¬
• =rrrr ¤ft¤r¬ªr
~|z|| l<-ni +i ·º = ·|i ~l·|+ nln- ¤lª-¤| n ·t- ¤|n nª·|ª
:ººººº n|ª| +| --+i =|n·¤-| +| nt=¸= +·- t( --+i
¤·a·|¸ln ¤|l- ¤| ·||ln+ l¤z¤|=| +| ·|<·||¤ l+( l¤-| --+i vªl-
(¤ l¤+|= + ln( +|¤ +· ·ti t ~|z|| tn|· +|¤| + v·¤+ ¤tn¸
n =n<|¤ + =<ª¤| +i =t·||lª-| =l-nln- +·- t( nln- ¤lª-¤|
n ·t- ¤|n n|ª| + ¤i¤- n =z|l+-+·º| ª¤|ª·¤ +i <º|·||n
lz|-|| l¤·-i¤ =n|¤z|- -·|| ¤¤|¤·º|i¤ =·||· + ,|·| n|·| ¤t-|- +
-ªz¤ + =|·| ªt·|: = ¤·ni t: =|n|l¤+ (¤ ª·i¤i = -·vl·-
=nª¤|~| +| =n|·||- +·-i t
¤i(-¤i ~|z|| (-¤i~| + =|·| l¤¤n +¤ ¤·|| = =-¤z t ~|·
l¤·-i¤ =n|¤z|- +|¤+n| n ·||ª n ·t| t :=+ ~-ª- ¤i(-¤i
~¤-i z||º||~| + n|·¤n = nln- ¤lª-¤| + l-¤|l=¤| +| l¤·-i¤
=t|¤-| v<|- +· ·t| t ¤·| .º¡¡¡. + <|·|- lz|-|| +º|/·¤|¤|·
+º| ¤|¤-|~| + ~-ª- ·º n|·||l·|¤| +| ` :º n|º| +| +º| v<|-
l+¤| ª¤| t
z =nr¤ª .
~|¤+| ¤+ ~¤- l-ªln- +|¤|n¤ ¤·i-÷ +|¤|n¤| ~|· ¤i(-¤i v·º|| +
ª¤ n l-ªln- =|n|l¤+ --|·<|l¤·¤ =|¬-| + n|·¤n = ¤t-· +|¤l-·¤|<-
,|·| ~¤-| n-¤ (¤ ¤t-|- ¤-| -+| t -·||l¤ :=n ~|· =·||· + ln(
=n|¤ + -··||- ~|· := ¤t-· ¤-|- + ln( +|¤·- l¤z¤=-i¤ =|n|l¤+
-·-·<|¤i =ªa-| -·|| =ª·||-| + =|·| ªa¤¬- + ,|·| := ªl-l¤l¬ +|
~l·|+ ·¤|¤+ ¤-|¤| ¤|(ª|
74
Mr Pranab Mukherjee giving ED Mrs Usha Ananthasubramanian the award for Best Socially Responsive
Bank on behalf of Punjab National Bank conferred by Business World and PwC on the basis of Growth
score in priority sector advances & total agriculture advances and Reach & Delivery score.
75
Disclosure under Basel II (Pillar 3) in terms of Revised Capital
Adequacy Framework – for year ended 31.03.2012
Disclosures in this report pertain to Punjab National Bank (Solo).
The Capital to Risk-weighted Assets Ratio (CRAR) of the bank and
its eight subsidiaries on stand-alone basis are shown separately in
para 3.7.
DF1. Scope of application
1.1. Punjab National Bank is the top bank in the group to which
the revised capital adequacy framework applies. The bank
has following five domestic subsidiaries:
Name of the Entity Country of Proportion of
incorporation ownership
percentage
1 PNB Housing Finance Ltd. India 74.00%
2 PNB Gilts Ltd. India 74.07%
3. PNB Investment Services Ltd. India 100.00%
4. PNB Insurance Broking Pvt Ltd India 81.00%
5. PNB Life Insurance Company Ltd India 88.00%
Apart from these the Bank has three International Subsidiaries
Name of the Entity Country of Proportion of
incorporation ownership
percentage
i) PNB International Ltd., UK UK 100.00%
ii) Druk PNB Bank Ltd Bhutan 51.00%
iii) JSC SB PNB Kazakhstan Kazakhstan 84.375%
1.2 Bank is having 20% or more stake in following Domestic
entities (Associates)
Name of the Entity Country of Proportion of
incorporation ownership
percentage
i) Assets Care & Reconstruction
Enterprise Ltd. India 30%
ii) Principal PNB Asset Management
Co. Pvt. Ltd India 30%
iii) Principal Trustee Co. Pvt. Ltd. India 30%
iv) India Factoring and Finance
Solutions Pvt. Ltd. India 30%
v) Haryana Gramin Bank India 35%
vi) Himachal Gramin Bank India 35%
vii) Madhya Bihar Gramin Bank India 35%
viii) Punjab Gramin Bank India 35%
ix) Rajasthan Gramin Bank India 35%
x) Sarva UP Gramin Bank India 35%
The Bank has one Joint Venture outside India
Name of the Entity Country of Proportion of
incorporation ownership
percentage
i) Everest Bank Ltd. Nepal 20%
=rrrf¤a ¤¸¬t ¤¤rtaar ¤n¤¤ ¤ =¤tª ¤=¬-II
(tar+r-s¸ ¤ =-ana ¤¤ºt¤t¢r - s+.os.zo+z ¤r =nrta ¤rr
:= l·¤|º n <i ª¤i ¤|-+|l·¤| ¤¤|¤ -z|-n ¤++n| = =-¤l-¬-
t ¤+ ~|· :=+i ~|a ~-·|lª¤| + =i~|·(~|· (+n :ªº÷ ~n|-|
~|¬|· ¤· ¤·| ª. n ~nª = <z||( ª( t
ztq¤·+. ¤¤rn ¤t =+rr¤ªr
¡.¡ ¤¤|¤ -z|-n ¤+ -= =n¸t n z|i·| ¤+ t l¤= ¤· =z||l¬- ¤¸¤i
¤¤|---| +n¤+ n|ª¸ t|- t ¤+ +i <z| n lª·|- l---lnlº|- ·
~-·|lª¤| t ·
=ªrrnt ¤r ªrn f¤= ªrr n ¤ªt t¤rfn-¤ x ¤r
=ª¤ra
i| ¤i(-¤i lª-º= lnlnº÷ ·||·- :.º
ii| ¤i(-¤i t|-l= ª ¤·|:- = lnlnº ÷ ·||·- :.ºº
iii| ¤i(-¤i l-¤z| =¤|( lnlnº÷ ·||·- ¡ºº.ºº
iv| ¤i(-¤i lvl=¤n :z¤|·= ¤|l+ª v|.ln. ·||·- º¡.ºº
v| lvl=¤n ¤i(-¤i n|:¤· :z¤|·= +¤-i ln. ·||·- ºº.ºº
:-+ ~n|¤| ¤+ +i -i- ~--·|·ºi¤ ~-·|lª¤| ·|i t ·
=ªrrnt ¤r ªrn f¤= ªrr n ¤ªt t¤rfn-¤ x ¤r
=ª¤ra
i| ¤ ¤|¤ - z|-n ¤ + :~--· |·º i¤| ln ¤¸-|º÷ l+·÷n ¡ºº.ºº
ii| ÷+ ¤i(-¤i ¤+ ln. ·|¸º|- ·¡.ºº
iii| ¤(==i <|-| ¤+ +¤|º|ª-|- º:.ª·
+.z fªrªf¬f=ra =tºrr=r n ¤¤ ¤r zox =ºr¤r =f¤¤ frt=r r .
(=r¤rnt¸
=tºrr ¤r ªrn f¤= ªrr t¤rfn-¤ ¤farra
n ¤ªt ¤t nr·rr
i) ~=º +¤· (÷ ·i+ªº+z|-
(º·v|:¤¤ lnlnº÷¸ ·||·- ªº·
ii) lvl=¤n ¤i(-¤i ~=º n-¤nº
+-¤-i v|.ln. ·||·- ªº·
iii) lvl=¤n ºªºi +-¤-i v|.ln. ·||·- ªº·
iv) :l÷¤| ¤·+ºl·ª (÷ ·|:-=
=|-¤¸z|= v|.ln. ·||·- ªº·
v) tl·¤|º|| ª|niº| ¤+ ·||·- ª··
vi) ltn|-n ª|niº| ¤ + ·||·- ª··
vii) n·¤ l¤t|· ª|niº| ¤+ ·||·- ª··
viii) ¤¤|¤ ª|niº| ¤+ ·||·- ª··
ix) ·|¤ª·||- ª|niº| ¤+ ·||·- ª··
x) =¤ ¤¸¤i ª|niº| ¤ + ·||·- ª··
¤+ +| ·||·- = ¤|t· (+ =¤+- -¤n t ·
;¤r; ¤r ªrn fªnnª t¤rfn-¤ =ª¤ra
¤r ¤farra
i) (¤·ªº ¤+ lnlnº÷ -¤|n .º·
76
1.3. Position of Capital
(` in crore)
Particulars 31.03.2011 31.03.2012
The aggregate amount
of capital deficiencies in
all subsidiaries not
included in the
consolidation i.e. that are
deducted and the
name(s) of such
subsidiaries
There is no capital
deficiency in any
of the subsidiaries
There is no
capital deficiency
in any of the
subsidiaries
Series Date of Bond Amount Coupon Rate* Tenor Call option* Put Option
Allotment (` in Crs)
I 20.07.2007 500 Perpetual None
II 11.12.2007 300 Perpetual None
III 18.01.2008 300 Perpetual None
10.40% annual for
first 10 Years. Step
up Coupon Rate of
10.90% annual for
all subsequent years
if call option is not
exercised at the end
of 10
th
year from the
date of allotment
At par at the
end of 10
th
year
from date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
9.75% annual for
first 10 years. Step
up Coupon Rate of
10.25% annual for
all subsequent years
if call option is not
exercised at the end
of 10
th
year from the
date of allotment.
At par at the
end of 10
th
year
from date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
9.45% annual for
first 10 years. Step
up Coupon Rate of
9.95% annual for all
subsequent years if
call option is not
exercised at the end
of 10
th
year from the
date of allotment
At par at the
end of 10
th
year
from date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
¡.ª ¤¸¤i +i lª·|l-·
:`+·|÷ n|
f¤¤t¢r s+.os.zo++ s+.os.zo+z
¡.: ¤ + ¤- n|- n ¤in| ªl-l¤l¬¤| n = ln-- -ti t -·||l¤ ¤ + -
¤in| +|¤ +· ·ti l---lnlº|- . ~- ·| lª¤| n z| ¤·¤¸ ¤i n l-¤ z|
l+¤| t ·
a. ¤r¤ªt ¤r ªrn f¤= ªrr t¤rfn-¤ =ª¤ra =f¤a n¸r¤ ¤rt n¸r¤
= . n ¤ªt (` ¤trz n¸(` ¤trz n¸
¡. ¤i(-¤i lvl=¤n :z¤|·=
¤ |l+ª v|.ln ·||·- º¡· :.º· ¡¡.ª
.. lvl=¤n ¤i(-¤i n|: ¤·
:z¤|·= +-¤-i ln. ·||·- ºº· ¡.· º.º.
¤i(-¤i lvl=¤n :z¤|·= ¤|l+ª v|.ln. (=i +-¤-i t ¤| :z¤|·= ·ªnº·i
(¤ ÷¤n¤nº ~·||l·ºi :~|:~|·÷i(| ,|·| v<·- n|:== + ~-=|· 'v·¤-|
¤|+·' +|¤+n|¤ n =n·- t ¤t (+ z|n +¤-i t ~|· ¤|l+ª n|:==
~|:~|·÷i( +| =¤< +· l<¤| t +¤-i + =n|¤- + ln( +<n -a|(
¤| ·t t
¤i(-¤i n|:¤· :z¤|·= ¤in| +¤-i ln. +| ¤i¤- :z¤|·= +|·|¤|· z|ª
+·- + ln( =l-nln- l+¤| ª¤| ·|| nl+- ¤l·-|ln- -ti l+¤| ¤| =+|
+¤-i ¤l·=n|¤- + ~¬i- t ~|· := -ªz¤ + ln( l<-|+ º.ºª..º¡.
+| <ª-|¤¤ ~|·~|=i n <|¤· l+¤ ª¤ t
ztq¤·z. ¤¸¬tna =t¤ªr
..¡ ¤+ +i ºi¤· I ¤¸¤i n :l+¤ºi z|¤· v|·l-|- l-l¬¤| ~|· -¤|-n·|
¤ln¤|<i ¤¬¤·| z||lnn t
¤+ - ºi¤·¤¸¤i n =n|¤z| t- -¤|-n·| ¤ln¤|<i ¤¬¤·| :ºi¤·I
¤¸¤i| ~|· ~-¤ ¤|·| ¤¬¤·| ·|i ¤|·i l+( t ¤¬¤·|| + +¤
nt·¤¤¸º| l-¤¬- l---¤-¸ t·
v| ln=·i -| º :ºi¤· I¤ ¬¤·|| + ª¤ n ¤ ln¤|<i ~vl-·|¸ - ~¤l·¤- -i¤
ª|º| ¤¬¤·|
v =r¬r =r¤ ºª fafºr ¤r ¢z trfrr ¤¸ ¤ª ªt* =¤f¤ nr n f¤¤r¤' f¤a¤
(` ¤tr z n ¸ f¤¤r¤
I. .º.º..ºº ·ºº ¤ln¤|<i +|: -ti
II. ¡¡.¡...ºº ªºº ¤ln¤|<i +|: -ti
III. ¡º.º¡..ººº ªºº ¤ln¤|<i +|: -ti
=n+- n - z||lnn +i ª:
~- ·| lª¤| / ~·|| -¸ ( =i
~-·|lª¤| +i +n ¤¤iª-
+ln¤| +i +n ·|lz| l¤-t
=¸-i n = +|º l<¤| ª¤| t
-·|| -- ~-·|lª¤| + -|n
l+=i ~- ·| ªi n ( =i
¤¸ ¤iª- +| : ·|i +ni
-ti t
l+=i ~- ·| ªi n
( =i ¤¸ ¤iª- +| : ·|i
+ni -ti t
¤tn ¡º ¤·| + ln
¡º.:º· ¤|l·| + ¤l<
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·¤-i ¤·|| +
ln( ¡º.ºº ¤|l·| + +¸ ¤-
<· +| ¤· |¤| ¤|(
~|¤ º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< v·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¸¤| -nl- =|
¤tn ¡º ¤·| + ln(
º. ·· ¤| l ·| + ¤l <
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·i¤-i ¤·|| +
ln( ¡º..·· ¤|l·| + +i
¤¬ + +¸ ¤- <·
~|¤ º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< v·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¸¤| -nl- =|
¤tn ¡º ¤·| + ln(
º. :·· ¤| l·| + ¤l<
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·¤-i ¤·|| +
ln( º.º·· ¤|l·| + +i
¤¬ + +¸¤· <·
~|¤º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< ¤ ·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¤| -nl- =|
1.4. The bank presently is not involved in insurance manufacturing
activity. However, bank has invested in the share capital in
the following two insurance related subsidiaries:
S. Name of the company Country of Proportion of FaceValue Book value
No. Incorporation ownership (‘in crore) (‘in crore)
1. PNB Insurance Broking
Pvt. Ltd. India 81% 4.05 11.73
2. PNB Life Insurance
Company Ltd. India 88% 1.76 0.82
PNB Insurance Broking Pvt. Ltd was licensed by Insurance
Regulatory & Development Authority (IRDA) to carry out “Direct
Broker” activity. It is a shell company and has surrendered the
broking license to IRDA. Steps are being taken for winding up of
the company.
PNB Life Insurance Company Ltd. was incorporated to commence
life insurance business but not operationalized. The company is
under liquidation and documents for the purpose have been filed
with ROC on 07-03-2012.
DF2.Capital Structure
2.1 Bank’s Tier I capital comprises of Equity Shares, Reserves and
Innovative Perpetual Bonds.
Bank has issued Innovative Perpetual Bonds (Tier 1 capital)
and also other bonds eligible for inclusion in Tier 2 capital.
Some of the important terms of the bonds are as under:
a. Perpetual Unsecured Non-Convertible Subordinated
Bonds in the nature of Promissory Notes (Tier I bonds)
77
Series Date of Bond Amount Coupon Rate* Tenor Call option* Put Option
Allotment (` in Crs)
IV 19.01.2009 220.50 Perpetual None
V 28.08.2009 500 Perpetual None
VI 27.11.2009 200 Perpetual None
TOTAL 2020.50
* subject to RBI guidelines
b. Unsecured Redeemable Non-Convertible Subordinated Bonds
in the nature of Promissory Notes (Upper Tier 2 bonds).
Series Date of Bond Coupon Rate* Tenor Call Put Redemption/
Allotment Amount Option* Option Maturity*
I 08.12.2006 500 15 years None
II 12.12.2007 500 15 years None
III 05.03.2008 510 15 years None
IV 27.03.2008 600 15 years None
8.90% annual for
first 10 years. Step
up Coupon Rate of
9.40% annual for all
subsequent years if
call option is not
exercised at the end
of 10
th
year from the
date of allotment.
At par at the
end of 10
th
year
from date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
9.15% annual for
first 10 years. Step
up Coupon Rate of
9.65% annual for all
subsequent years if
call option is not
exercised at the end
of 10
th
year from the
date of allotment.
At par at the
end of 10
th
year
from date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
9.00% annual for
first 10 years. Step
up Coupon Rate of
9.50% annual for all
subsequent years if
call option is not
exercised at the end
of 10
th
year from the
date of allotment.
At par at the end
of 10
th
year from
date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
Interest at the rate
of 8.80% p.a.
payable annually. If
the call option is not
exercised at the end
of 10
th
year from
date of allotment
then the bonds shall
carry the interest of
9.30% payable
annually for the last
five years i.e. 11
th
to
15
th
year
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission)
At par at the end
of the 15th year
from the date of
allotment, if the
call option is not
exercised at the
end of 10
th
year.
Interest at the rate
of 9.35% p.a.
payable annually. If
the call option is not
exercised at the end
of 10
th
year from
date of allotment
then the bonds shall
carry the interest of
9.85% payable
annually for the last
five years i.e. 11
th
to
15
th
year
At par at the
end of 10
th
year from
the date of
allotment
(with prior
RBI
permission)
At par at the end
of the 15th year
from the date of
allotment, if the
call option is not
exercised at the
end of 10
th
year.
Interest at the rate
of 9.35% p.a.
payable annually. If
the call option is not
exercised at the end
of 10
th
year from
date of allotment
then the bonds shall
carry the interest of
9.85% payable
annually for the last
five years i.e. 11
th
to
15
th
year
At par at the
end of 10
th
year from
the date of
allotment
(with prior
RBI
permission)
At par at the end
of the 15th year
from the date of
allotment, if the
call option is not
exercised at the
end of 10
th
year.
Interest at the rate
of 9.45% p.a.
payable annually. If
the call option is not
exercised at the end
of 10
th
year from
date of allotment
then the bonds shall
carry the interest of
9.95% payable
annually for the last
five years i.e. 11
th
to
15
th
year
At par at the
end of 10
th
year from
the date of
allotment
(with prior
RBI
permission)
At par at the end
of the 15th year
from the date of
allotment, if the
call option is not
exercised at the
end of 10
th
year.
rr=r¬r =r¤ ºª fafºr ¤r ¢z trfrr ¤¸ ¤ª ªt* =¤f¤ nr n f¤¤r¤' f¤a¤
(¤tr z = .n ¸ f¤¤r¤
IV. ¡º.º¡..ººº ..º.·º ¤ln¤|<i +|: -ti
V. .º.ºº..ººº ·ºº ¤ln¤|<i +|: -ti
VI. ..¡¡..ººº .ºº ¤ln¤|<i +|: -ti
+n .º.º.·º
* ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| +i z|-| + ~¬|i-
º|| v|ln=·i -|º +i v+l- n ~vl-·|¸- vl-<¤ -|- +-¤lº¤n ª|º|
¤|º÷:~¤· ºi¤· ¤¬¤·||
v =r¬r =r¤ºª fafºr ¤r¢z trfrr ¤¸¤t ªt* =¤f¤ nrn f¤¤r¤* f¤a¤ nr ¤ª
(` ¤trz n¸
I. ºº.¡...ºº· ·ºº ¡· ¤·| +|:
-ti
II. ¡..¡...ºº ·ºº ¡· ¤·| +|:
-ti
III. º·.ºª..ººº ·¡º ¡· ¤·| +|:
-ti
IV. ..ºª..ººº ·ºº ¡· ¤·| +|:
-ti
¤tn ¡º ¤·| + ln(
º.ºº· ¤| l·| + ¤l<
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·¤-i ¤·|| +
ln( º.:º· +· ¤|l·| +
¤¬ + +¸¤· <·
~|¤ º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< v·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¸¤| -nl- =|
¤tn ¡º ¤·| + ln(
º. ºº· ¤| l·| + ¤l<
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·¤-i ¤·|| +
ln( º.·º· +i ¤|l·| +
¤¬ + +¸ ¤- <·
~|¤ º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< v·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¸¤| -nl- =|
¤tn ¡º ¤·| + ln(
º. ¡·· ¤| l·| + ¤l<
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·¤-i ¤·|| +
ln( º.··· +i ¤|l·| +
¤¬ + +¸ ¤- <·
~|¤ º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< v·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¸¤| -nl- =|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·| =
¡· ¤·| + ~- n
=nn¸ -¤ ¤· ¤l< ¡º
¤·| + ~- n n|ª
l¤+-¤ +| v¤| ª
-ti l+¤| ª¤| t
º.ºº· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤ º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -|
¤|º÷| ¤· l¤¤n ·
¤·|| ~·|| -¸ ¡¡ = ¡·
¤·| + ln( º.ªº· =
¤l·| + ·¤|¤ = < ¤ t| ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·| =
¡· ¤·| + ~- n
=nn¸ -¤ ¤· ¤l< ¡º
¤·| + ~- n n|ª
l¤+-¤ +| v¤| ª -ti
l+¤| ª¤| t
º.ª·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -|
¤|º÷| ¤· l¤¤n ·
¤·|| ~·|| -¸ ¡¡ = ¡·
¤·| + ln( º.º·· =
¤l·| + ·¤|¤ = < ¤ t| ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·| =
¡· ¤·| + ~- n
=nn¸ -¤ ¤· ¤l< ¡º
¤·| + ~- n n|ª
l¤+-¤ +| v¤| ª -ti
l+¤| ª¤| t
º.ª·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤ º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -|
¤|º÷| ¤· l¤¤n ·
¤·|| ~·|| -¸ ¡¡ = ¡·
¤·| + ln( º.º·· =
¤l·| + ·¤|¤ = < ¤ t| ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·| =
¡· ¤·| + ~- n
=nn¸ -¤ ¤· ¤l< ¡º
¤·| + ~- n n|ª
l¤+-¤ +| v¤| ª -ti
l+¤| ª¤| t
º.:·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( º.º·· =
¤l·| + ·¤|¤ = < ¤ t| ª|
78
Series Date of Bond Coupon Rate* Tenor Call Put Redemption/
Allotment Amount Option* Option Maturity*
V 29.09.2008 500 15 years None
VI 22.12.2008 500 15 years None
VII 18.02.2009 1000 15 years None
VIII 21.04.2009 500 15 years None
IX 04.06.2009 500 15 years None
X 09.09.2009 500 15 years None
Interest will be paid
at the rate of
10.85% p.a.
payable annually. If
the call option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
11.35% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission)
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year.
Interest will be paid
at the rate of 8.95%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
9.45% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year.
Interest will be paid
at the rate of 9.15%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
9.65% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
Interest will be paid
at the rate of 8.80%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
9.30% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
Interest will be paid
at the rate of 8.37%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
8.87% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
Interest will be paid
at the rate of 8.60%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
9.10% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
v =r¬r =r¤ºª fafºr ¤r¢z trfrr ¤¸¤t ªt* =¤f¤ nrn f¤¤r¤* f¤a¤ nr ¤ª
(` ¤trz n¸
V. .º.ºº..ººº ·ºº ¡· ¤·| +|:
-ti
VI. ...¡...ººº ·ºº ¡· ¤·| +|:
-ti
VII. ¡º.º...ººº ¡ººº ¡· ¤·| +|:
-ti
VIII. .¡.º:..ººº ·ºº ¡· ¤·| +|:
-ti
IX. º:.º·..ººº ·ºº ¡· ¤·| +|:
-ti
X. ºº.ºº..ººº ·ºº ¡· ¤·| +|:
-ti
¡º.º·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( ¡¡.ª·· =
¤l·| + ·¤|¤ = < ¤ t| ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸-¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i
¤¸¤|-nl- =|
~|¤ º- +i l-l·|
= ¡· ¤·| + ~-
n =nn¸ -¤ ¤· ¤l<
¡º ¤·| + ~- n
n| ª l¤+-¤ +|
v¤| ª -ti l+¤|
ª¤| t
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·|
= ¡· ¤·| + ~-
n =nn¸ -¤ ¤· ¤l<
¡º ¤·| + ~- n
n| ª l¤+-¤ +|
v¤|ª -ti l+¤|
ª¤| t
º.º·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( º.:·· = ¤l·| +
·¤|¤ =<¤ t|ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤º- +i l-l·|
= ¡· ¤·| + ~-
n =nn¸-¤ ¤· ¤l<
¡º ¤·| + ~- n
n| ª l¤+-¤ +|
v¤| ª -ti l+¤|
ª¤| t
º.¡·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( º.··· = ¤l·| +
·¤|¤ =<¤ t|ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·| =
¡· ¤·| + ~- n
=nn¸ -¤ ¤· ¤l< ¡º
¤·| + ~- n n|ª
l¤+-¤ +| v¤| ª
-ti l+¤| ª¤| t
º.ºº· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·|| ~·|| -¸
¡¡ = ¡· ¤·| + ln(
º.ªº· = ¤l·| + ·¤|¤
=<¤ t|ª|
º.ª· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·|| ~·|| -¸
¡¡ = ¡· ¤·| + ln(
º.º· = ¤l·| + ·¤|¤
=<¤ t|ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸-¤ ¤·
:·||·-i¤ l·¤¤
¤ + +i
¤¸¤|-nl- =|
~|¤ º- +i l-l·|
= ¡· ¤·| + ~-
n =nn¸ -¤ ¤· ¤l<
¡º ¤·| + ~- n
n| ª l¤+-¤ +|
v¤| ª -t; l+¤|
ª¤| t
~| ¤ º- +i
l-l·| = ¡º ¤·|
+ ~ - n
=nn¸ -¤ ¤·
:·||·-i¤ l·¤¤
¤ + +i
¤¸¤|-nl- =|
~|¤ º- +i l-l·|
= ¡· ¤·| + ~-
n =nn¸ -¤ ¤· ¤l<
¡º ¤·| + ~- n
n| ª l¤+-¤ +|
v¤|ª -ti l+¤|
ª¤| t
º.·º· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·|| ~·|| -¸
¡¡ = ¡· ¤·| + ln(
º.¡º· = ¤l·| + ·¤|¤
=<¤ t|ª|
79
Series Date of Bond Coupon Rate* Tenor Call Put Redemption/
Allotment Amount Option* Option Maturity*
XI 27.11.2009 500 15 years None
XII 24.05.2010 500 15 years NONE
Total 6610.00
*subject to RBI guidelines
c. Unsecured Redeemable Non Convertible Subordinated Bonds
in the nature of Promissory Notes (Tier 2 bonds):
Sr. Series Date of Bond Coupon Rate Tenor Date of
No. Allotment Amount (% p.a. payable (in months) Maturity
(Rs in Crs) annually)
i) VIII (ii) 18.07.2002 295.00 8.80 117 18.4.2012
ii) IX 04.09.2003 265.00 5.80 116 04.5.2013
iii) X 08.03.2004 500.00 5.90 111 08.6.2013
iv) XI 16.06.2006 884.80 8.45 118 16.4.2016
v) XII 16.08.2006 115.00 9.15 116 16.4.2016
vi) XIII 08.09.2006 500.00 8.95 115 08.4.2016
Total 2559.80
2.2. The Tier 1 capital of the bank comprises:
(` in crore)
Particulars 31.03.2012 31.03.2011
i) Paid up share capital 339.18 316.81
ii) Reserves (excluding
revaluation reserves) 25734.66 19468.10
iii) Innovative Perpetual Bonds 0.00 0.00
iv) Other Capital Instruments
v) Equity Investment in
subsidiaries (50%) 559.26 409.45
vi) Intangible Assets (Deferred
Tax Assets + Computer
Software) 455.11 417.09
vii) Dep. for illiquid securities 0.00 0.00
Tier I Capital (i + ii + iii +
iv –v –vi-vii) 27079.97 20978.87
Interest will be paid
at the rate of 8.50%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
8.87% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
Interest will be paid
at the rate of
8.50% p.a. payable
annually. If the call
option is not
exercised at the end
of 10th year from
the date of
allotment then the
bonds shall carry the
interest of 8.87 %
payable annually for
the last five years i.e.
11th to 15th year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
v =r¬r =r¤ºª fafºr ¤r¢z trfrr ¤¸¤t ªt* =¤f¤ nrn f¤¤r¤* f¤a¤ nr ¤ª
(` ¤tr z n ¸
XI. ..¡¡..ººº ·ºº ¡· ¤·| +|:
-ti
XII. .:.º·..º¡º ·ºº ¡· ¤·| +|:
-ti
¤| ÷ ··¡º
*·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| +i z|-| + ~¬i-
ª. v|ln=·i -|º +i v+l- n ~vl-·|¸- vl-<¤ -|- +-¤lº¤n ª|º| ¤|º÷
:ºi¤· ¤¬¤·||
an v =r¬r =r¤ ºª fafºr ¤r ¢z trfrr ¤¸ ¤ª ªt =¤f¤ ¤ft¤¤¤ar
=. ¤trz =. ¤fa ¤rr nrr n fafºr
n ¤rfrr¤ ª¤
i| VIII :ii| ¡º.º..ºº. .º·.ºº º.ºº ¡¡ ¡º.º:..º¡.
ii| IX º:.ºº..ººª .··.ºº ·.ºº ¡¡· º:.º·..º¡ª
iii| X ºº.ºª..ºº: ·ºº.ºº ·.ºº ¡¡¡ ºº.º·..º¡ª
iv| XI ¡·.º·..ºº· ºº:.ºº º.:· ¡¡º ¡·.º:..º¡·
v| XII ¡·.ºº..ºº· ¡¡·.ºº º.¡· ¡¡· ¡·.º:..º¡·
vi| XIII ºº.ºº..ºº· ·ºº.ºº º.º· ¡¡· ºº.º:..º¡·
¤| ÷ .··º.ºº
... ¤+ +i ºi¤· ¡ ¤¸¤i n l---lnlº|- =l-nln- t ·
:` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
i| -+-| z|¤· ¤¸¤i ªªº.¡º ª¡·.º¡
ii| v|·l-|- l-l¬¤| :¤-n¸-¤-
v|·l-|- l-l¬¤| +| ¤|÷+·| .·ª:.·· ¡º:·º.¡º
iii| -¤|-n·| ¤ln¤|<i ¤|º÷ º.ºº º.ºº
iv| ~-¤ ¤¸¤iª- lnº|-
v| ~-·|lª¤| n :l+¤ºi
l-¤z| :·º·| ··º..· :ºº.:·
vi| ~n¸- ~|lª-¤| :~|ª·|lª- +·
~|lª-¤| - +--¤¸º· =|º¤¤·| :··.¡¡ :¡.ºº
vii| -·n ~|lª-¤| = l·|-- ~|lª-¤|
+ ln( n¸-¤r|= º.ºº º.ºº
ºi¤· ¤¸¤i(i +ii+iii+iv-v-
vi- vii) .ºº.º .ººº.º
~| ¤ º- +i
l-l·| = ¡º ¤·|
+ ~ - n
=nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i
¤¸¤|-nl- =|
~|¤º- +i l-l·|
= ¡· ¤·| + ~ -
n =nn¸ -¤ ¤·
¤l< ¡º ¤·| +
~ - n n| ª
l¤+-¤ +| v¤| ª
-ti l+¤| ª¤| t
º.·º· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( º.º· = ¤l·| +
·¤|¤ =<¤ t|ª|
~| ¤ º- +i
l-l·| = ¡º
¤·| + ~- n
=nn¸ -¤ ¤·
: · | | · - i ¤
l·¤ ¤ ¤ + +i
¤¸¤|-nl- =|
~|¤º- +i l-l·|
= ¡· ¤·| + ~ -
n =nn¸ -¤ ¤·
¤l< ¡º ¤·| +
~ - n n| ª
l¤+-¤ +| v¤| ª
-ti l+¤| ª¤| t
º.·º· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( º.º· = ¤l·| +
·¤|¤ =<¤ t|ª|
80
2.3. The amount of Tier 2 capital (net of deductions) is:
(` in crore)
Particulars 31.03.2012 31.03.2011
The amount of Tier 2 capital
(net of deductions) 9772.62 9908.81
2.4. The debt capital instruments eligible for inclusion in Upper
Tier 2 capital are:
(` in Crores)
Particulars 31.03.2012 31.03.2011
Total amount outstanding 6610.00 6610.00
Of which amount raised during
the current year 0.00 500.00
Amount eligible to be reckoned
as capital funds 6610.00 6610.00
2.5. The subordinated debts eligible for inclusion in Lower Tier 2
capital is:
(` in crores)
31.03.2012 31.03.2011
Total amount outstanding 2559.80 2559.80
Of which amount raised during
the current year 0.00 0.00
Amount eligible to be reckoned
as capital funds 1352.84 1864.80
2.6. Other deductions from capital, if any:
(` in crores)
31.03.2012 31.03.2011
Other deductions from capital,
if any: NIL NIL
2.7. The total eligible capital comprises:
(` in crores)
31.03.2012 31.03.2011
Tier – I Capital 27079.97 20978.87
Tier – II Capital 9772.62 9908.81
Total Capital 36852.59 30887.68
DF.3. Capital Adequacy
The bank believes in the policy of total risk management.
The bank views the risk management function as a holistic
approach whereby risk retention is considered appropriate
after giving due consideration to factors such as specific
risk characteristics of obligor, inter relationship between risk
variables and corresponding return and achievement of
various business objectives within the controlled operational
risk environment. Bank believes that risk management is
one of the foremost responsibilities of top/ senior
..ª ºi¤· . ¤¸¤i +i ·|lz| :+º|l-¤| + ¤|<| l---lnlº|- t
:` +·|÷ n|
l¤¤t¢r s+.os.zo+z s+.os.zo++
ºi¤· . ¤¸¤i +i ·|lz| :+º|l-¤|
+ ¤|<| º..·. ºººº.º¡
..: ~¤· ºi¤· . ¤¸ ¤i n =n|¤ z| t - ¤|·| -¬|· ¤¸ ¤i lnº|-
l---lnlº|- t ·
:` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
+n ¤+|¤| ·|lz| ··¡º.ºº ··¡º.ºº
l¤=n = -|n¸ ¤·| + <|·|-
¤º|: ª: ·|lz| º.ºº ·ºº.ºº
¤¸¤iª- l-l¬ + ª¤ n n|-¤
¤|·| ·|lz| ··¡º.ºº ··¡º.ºº
..· n|~· ºi¤·. ¤¸¤i n =n|¤z| t- ¤|·| ª|º| -¬|· ·
:` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
+n ¤+|¤| ·|lz| .··º.ºº .··º.ºº
l¤=n = -|n¸ ¤·| + <|·|-
¤º|: ª: ·|lz| º.ºº º.ºº
¤¸¤iª- l-l¬ + ª¤ n n|-¤
¤|·| ·|lz| ¡ª·..º: ¡º·:.ºº
..· ¤¸¤i = +|: ~|· +º|l-¤| ¤l< t|
:` +·|÷ n|
s+.os.zo+z s+.os.zo++
¤l< ¤¸¤i = +|: ~|· +º|-i t: t| z|¸-¤ z|¸-¤
.. +n ¤|·| ¤¸¤i n l---lnlº|- z||lnn t ·
:` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
ºi¤· ¤¸¤i .ºº.º .ººº.º
ºi¤· ¤¸¤i º..·. ºººº.º¡
+n ¤¸¤i ª·º·..·º ªººº.·º
ztq¤·s. ¤¬t ¤¤rtaar
¤+ =nª ¤|lº|n v¤-¬- -il- n l¤z¤|= ·º|-| t ~|· ¤|lº|n +
vl- =nª <l·º+|º| ·º|- t( ¤|·¤-|¬|·i = =-¤z l¤z|·| ¤|lº|n|
¤|lº|n n t|- ¤|n --|· -·|¤ + ¤i- n ¤·ª¤· =-¤-¬ ~|·
l-¤l·|- ¤l·-|n+ ¤|lº|n ¤|-|¤·º| + ·|i-· -<-ª¤ l¤¤·lº|¤| ~|·
+|·|¤|· + l¤l·|-- -ªz¤| +i -¤nl·¬¤| + l¤lz|·º ¤|lº|n n-|º||
+| -l-- nt·¤ <- t( ¤|lº|n +| =t- +·-| -l-- n|-| ¤|-| t
¤+ +| ¤t l¤z¤|= t l+ =¤|--/¤l··a v¤-¬- + <|l¤·¤| n
¤|lº|n v¤-¬- +| vnº| ª·||- t l-<z|+ nº÷n ·¤|¤+ ª¤ =
81
¤|lº|n v¤-¬- -il-¤| ¤· ¤·=n| n-| t ~|· ¤|lº|n v¤-¬- <z|-
¤ -il- +º| v¤-¬- ¤ ¤|lº|n v¤-¬- -il- l-¤z| -il- ~|lª-
<¤-| v¤-¬- -il- ¤l·-|n-ª- ¤|lº|n v¤-¬- -il- ~|--l·+ ¤¸¤i
¤¤|---| l-¬|·º| vl+¤| -il- :~|:=i((¤i| +º| ¤|lº|n -¤¸-i+·º|
¤ =-¤|lz¤+ v¤-¬- -il- <¤|¤ ¤|- -il- -·|| +|·|¤|· v+l-/
ªl-l¤l¬¤| +i ª¤·º|| +| ~-n|<- +·-| t l¤-n ¤+ + l¤l·|--
¤|lº|n| + =-¤-¬ n =nl+- v¤-¬- + ln( l<z||l-<z| -·|| +|¤
-il-¤| -¤ t|-i t :- -il-¤| n ~-¤ ¤|-| + =|·| =|·| := ¤|-
+| ·|i --nº| t|-| t l+ z|ª~|- +t| = +i ¤|¤ªi º|-·| +t|
t ~|· l+- ¤|-| ¤· ¤|· l<¤| ¤|¤ª|
l-<z|+ n÷n ,|·| l-<z|+ n÷n ª-· +i -¤ =lnl- ¤-|: ª¤i t
l¤=+| -|n t ¤|lº|n v¤-¬- =lnl- n|º -|· ¤· := =lnl- +|
<|l¤·¤ t ¤|lº|n v¤-¬- + +|¤ +·-| -·|| ¤t +º| ¤|lº|n
v¤-·|- =lnl- :=i~|·(n=i| ~|lª- <¤-| =lnl-(n=i~|| (¤
¤l·-|n-ª- ¤|lº|n v¤-¬- =lnl- :~|~|·(n=i| + +|¤| +|
=¤-|º| +·-i t ¤|lº|n v¤-¬- =lnl- +i l-n|ti n +n = +n
(+ ¤a+ t|-i t ¤+ ¤t =n¤-| t l+ =ªa- + v·||¤i -·||
+z|n ·ª = +|¤ +·- + ln( ¤|lº|n v¤-¬- (+ ~l-¤|¤-| t
ª.¡ +º| ¤|lº|n v¤-¬-
ª.¡.¡ ~·¤-| (¤ v¤-¬ l-<z|+ +i ~·¤-|-| n ªla- +º| ¤|lº|n v¤-·|-
=lnl- +º| ¤|lº|n + ln( +|¤ +·- ¤|ni =¤|-- =lnl- t ¤t
=lnl- l-<z|+ nº÷n ,|·| l-¬|l·- =nª n|·||·n+ ~|· l¤¤+¤¸º|
=in| + ·|i-· +º| + v¤-¬- ~|· l-¤·|º| + ln( ~|¤z¤+ l-º|¤
n- ¤· l¤-|· +·-i t ~|· (= l-º|¤ n-i t := =lnl- +| +º|
vª-|¤| + vª-l-+·º| + n|-+| +i -il-¤| + ~-n|<- ¤|¤|· +
¤l·<z¤ n ¤l·¤-- ~·|¤| ¤·i÷¤+ + ~|¬|· ¤· l¤l·|-- n|÷n| n
¤ª·i = ¬|· +º| ¤| lº|n v¤-¬- -il-/·||·-i¤ l·¤ ¤ ¤ + + n|ª l-< z||
+i ~¤-||~| + ¤|n- + ln( ~·|¤| +º| ¤|lº|n v¤-¬- + ln(
~-¤·|| ~|¤z¤+ l+=i ~-¤ +|¤ =-¤-¬i -il-¤| + ~-n|<- +|
+|n =|¤| ª¤| t
¤+ - ·¤|¤+ ¤|lº|n ·lºª vº||ni l¤+l=- +i t ¤| ~-¤ ¤-|| +
l¤l¤¬ ¤|lº|n ·|º+| ,|·| =-- <l·º = +º| =-¤-¬i l-º|¤ n- n
(+n l¤-< =¸-+ + ª¤ n +|¤ +·-i t ¤|lº|n ·lºª vº||ni
·¤¤lª·|- ·ª = -¤|· +i ª: t ¤| +º|+-| +| ¤lz|·º¸¤ -¤|ª¤·+
¤lz|·º¸¤ ~|l< ¤= l¤l·|-- ·|º+| +i ¤|-+|·i <-i t ` ·º n|º|
= ~l¬+ +i +n =in| ¤|n +º| º||-| ¤· ¤|lº|n ·lºª vº||ni
n|ª¸ +i ¤|-i t ¤+ ~¤- ·lºª n|÷n| +i ¤¬-| +i =n¤ =n¤
¤· ¤|- +·-| ·t-| t ~|· --+i n¤¤¸-i +i ¤|- +·- + ln(
n|:ªz|- ~|· -¸+ <· +| l¤zn·|º| ·|i +·-| ·t-| t
¤|º +º|| ~|· º|<·| ~lªn| + ln( ~+ <- + n|÷n ~¤-|( ¤|-
t l¤-n +º| ''n¤¸·/-|n¤¸·'' +·- + l-º|¤ v|-- ~+| ¤· ~|·||l·-
t|- t º|<·| +º|| + =·|i ~|¤<-| +| n¸-¤|+- ~l-¤|¤-· ~+
vº||ni +i vl+¤| = l+¤| ¤|-| t ¤|º (¤ n·¤n -¤n >º|i +
z|·| -|·| ~·||-¸ ¤·|n -|·| + ln( ~+ ¤zl- l¤+l=- +i ª: t ~|·
-=+| +|¤|-¤¤- vªl- ¤· t ¤+ +i ¤t ¤|¤-| t l+ l¤- +º|
º||-| +| n¸-¤|+- l+¤| ¤|-| t --n = v·¤+ +º| º||- +|
¤|lº|n n¸-¤|+-/~+ <- +i vl+¤| = ª¤·-| ¤÷
management. The Board of Directors decides the overall
risk management policies and approves the Risk
Management Philosophy & Policy, Credit Management &
Risk policy, Investment policy, ALM policy, Operational Risk
Management policy, Policy for internal capital adequacy
assessment process (ICAAP), Credit Risk Mitigation &
Collateral Management Policy, Stress Testing Policy and
Policy for Mapping Business Lines/Activities, containing the
direction and strategies for integrated management of the
various risk exposures of the Bank. These policies, interalia,
contain various trigger levels, exposure levels, thrust areas
etc.
The bank has constituted a Board level subcommittee
namely Risk Management Committee. The committee has
the overall responsibility of risk management functions and
oversees the function of Credit Risk Management
Committee (CRMC), Asset Liability Committee (ALCO) and
Operational Risk Management Committee (ORMC). The
meeting of RMC is held at least once in a quarter. The bank
recognizes that the management of risk is integral to the
effective and efficient management of the organization.
3.1 Credit Risk Management
3.1.1 Credit Risk Management Committee (CRMC) headed by
CMD is the top-level functional committee for Credit risk.
The committee considers and takes decisions necessary to
manage and control credit risk within overall quantitative
prudential limit set up by Board. The committee is entrusted
with the job of approval of policies on standards for
presentation of credit proposal, fine-tuning required in
various models based on feedbacks or change in market
scenario, approval of any other action necessary to comply
with requirements set forth in Credit Risk Management
Policy/ RBI guidelines or otherwise required for managing
credit risk.
Bank has developed comprehensive risk rating system that
serves as a single point indicator of diverse risk factors of
counterparty and for taking credit decisions in a consistent
manner. The risk rating system is drawn up in a structured
manner, incorporating different factors such as borrower’s
specific characteristics, industry specific characteristics etc.
Risk rating system is being applied to the loan accounts
with total limits above Rs.50 lacs. Bank is undertaking
periodic validation exercise of its rating models and also
conducting migration and default rate analysis to test
robustness of its rating models.
Small & Medium Enterprise (SME) and Retail advances are
subjected to Scoring models which support “Accept/ Reject”
decisions based on the scores obtained. All SME and Retail
loan applications are necessarily to be evaluated under score
card system. Scoring model Farm sector has been developed
and implementation process is under progress. The bank
plans to cover each borrowal accounts to be evaluated under
risk rating/ score framework.
82
~| +÷ | + =-¤-¬ n v| ¤| lª+i -·|| ¤| lº|n v¤-¬- + ln( l¤zn ·|º|
+i ¤ª·- +| =n¤- t ( ¤ + - :- <| -| vº||ln¤| +| + -:i¤ =¤ ·
- º¤+ ¤· ÷|n l<¤| t :- =·|i n| ÷n| +| v¤| +-|~| ,|·| ¤ + +
l+=i ·|i +|¤| n¤ = ~| -n|:- v¤| ª l+¤| ¤| =+-| t
:=+ ~n|¤| -¸+ +i <· +| n|l-º· +·- + ln( º|<·|/¤|º +º||
+ =-¤-¬ n =n¸t/º|÷ ·lºª vl+¤| ~¤-|: ¤|-i t ¤·-¤·|ª- ª¤
= t|- ¤|ni -¸+ +i v¤l-|¤| +| n|l-º· +·- + ln( +¤ l-lz--
=n¸t|/ º|÷| +| -¸+ <· v<|- +i ¤|-i t (+ ti l+ªn + +º|
(+ =n¸t n ·º| ¤|- t
+º| º||-| + ª¤|ª·¤ +i =n¤ =n¤ ¤· n|l-ºl·ª + ln( ¤+ -
+º| t|l-¤| +i ·|+·||n/--t -¤¸--n ·º|- + <l·ºª- z|i·| --|¤-i
=+-| +| ¤-| nª|- + ln( l-¤|·+ n|l-ºl·ª vº||ni :¤i(n(=|
-|n+ ·¤¤ª·|| +| n|ª¸ l+¤| t -|l+ +º| t|l-¤| +| +n = +n
·º|| ¤| =+/·|º|¤| ¤| =+
¤+ -¤|ª¤|· ÷|º|¤¤· t|-= ·|i +|¤|l-¤- +·- ¤| ·t| t -|l+
l¤z¤=-i¤ -·|| =ti ¤|·-¤l·+ ÷|º|¤= +i ~¤-||~| +| ¤¸·| l+¤|
¤| =+ ~|· ¤|lº|n v¤-¬- =n|¬|-/-+-i+| +| ¤|·i+i = n|ª¸
l+¤| ¤| =+ ~|· ¤|lº|n ·|º+| +| ~-n|- nª|- :-¸+ +i
=·||¤-|| (n¤i÷i :-|l- <|·|i -¸+|÷i :-¸+ =·||l¤- º||-||
~|· l¤l·|-- +º|| + =-¤-¬ n ¤|lº|n| +i n|·|| +| ¤-| nª|- +
~-n|-| + ln( ·|i º||+| l¤+l=- +·- + =|·|=|·| +-:i·|¸-
¤|lº|n + ln( ·|i º||+| -¤|· +· ·t| t
ª.¡.. +º| ¤|lº|n v¤-¬- + ~ª + ª¤ n ti ¤+ - (+ =¤l··||l·|-
+º| =ni-|| -·|n~|·(n| ¤-|¤| t :== +º| vz||=- n
ªº||·n+ =¬|· n|- n n<< lnn-i t +º| =ni-|| -·| + +|¤|-¤¤-
+ (+ ª¤-·| v·||ª ¤-|¤| ª¤| t l¤=+| -|n t +º| nº|| ¤·i-||
¤ =ni-|| v·||ª
ª.¡.ª +º| ¤|lº|n ·lºª +|¤ +i ¤|-/ ¤l·º (+ ª¤-·| v|l¬+|·i ,|·| +i
¤|-i t ¤|lº|n +i ·lºª ~|· ¤|- vl+¤| +| +|¤ +º| n¸-¤|+-
= l·|-- ª¤ = l+¤| ¤|-| t -|l+ -=+i l¤z¤=-i¤-| ~|· ª¤-·|-|
¤-i ·t =+
v¬|- +|¤| n¤ -·|| ¤·i-÷ n nt|v¤-¬+ ~| · -== -¤· ª-· +
n ÷n v¬|- +i z|l+-¤| n ~|- ¤|n =·|i vª-|¤ +º| =lnl- +
n|·¤n = ·| ¤ ¤|- t := =lnl- + +|¤ +| ¤|·<z|i ¤-|- + ln(
-·|| -=+| v·||¤ -| ·| ¤· |- + ln( -=n ¡¡ vl-l-l¬ ¤| lº|n
v¤-·|- l¤·||ª ~| · +º| l¤·||ª = -·|| (+ vl-l-l¬ ( = -| ·| +| t| -|
t ¤| +º| = =-¤l-¬- - t| -- vª-|¤| ¤· +º| =lnl- n +|·| ¤|·
¤| lº|n v¤-¬- -·|| -il-¤| +i < l·º = l¤-|· l+¤| ¤|-| t
~|lª-¤| ~|l< +i ªº|¤-|| ln>º| +| l¤zn·|º| +·- + ln( l-n|ti
~|¬|· ¤· +º| ~|lª-¤| +i ·lºª >º|i¤|· =ni-|| +i ¤|-i t
ª.¡.: n¤¤¸- ¤|lº|n v¤-¬- ·|-| v<|- +·- + ln( ¤-|: ª: ¤+ +i
+º| v¤-¬- (¤ ¤|lº|n -il- +| -ªz¤ t ¤+ +i n¤¤¸- +º|
¤|lº|n v¤-¬- vº||ni + +|¤|-¤¤- t- (+ n¸n·|¸- ·|-| v<|-
+·-| ¤t -il- +º| ¤|lº|n v|-- l+¤ ¤|- ¤|n n-¤| ¤-n|-
v·||~| ~|· ·||¤i -il-¤| ¤= ~-+ +|¤-|·|| + =¤¬ n +|¤ +·-i
t
Recognizing the need of technology platform in data
handling and analytics for risk management, the bank has
placed rating/ scoring systems at central server network.
All these models can be assessed by the users ‘on line’
through any office of the bank.
Additionally, to monitor the default rates, the pool/segment
rating methodology is applied to the retails/ small loan
portfolio. Default rates are assigned to identify pool/
segment to monitor the trends of historical defaults. The
pools are created based on homogeneity.
For monitoring the health of borrowal accounts at
regular intervals, bank has put in place a tool called
Preventive Monitoring System (PMS) for detection of
early warning signals with a view to prevent/minimize
the loan losses.
Bank is in the process of implementing enterprise-wide data
warehouse (EDW) project, to cater to the requirement for
the reliable and accurate historical data base and to
implement the sophisticated risk management solutions/
techniques and the tools for estimating risk components
{PD (Probability of Default), LGD (loss Given Default), EAD
(Exposure at Default)} and quantification of the risks in the
individual exposures to assess risk contribution by individual
accounts in total portfolio and identifying buckets of risk
concentrations.
3.1.2 As an integral part of Risk Management System, bank has
put in place a well-defined Loan Review Mechanism (LRM).
This helps bring about qualitative improvements in credit
administration. A separate Division known as Credit Audit
& Review Division has been formed to ensure LRM
implementation.
3.1.3 The credit risk ratings are vetted/ confirmed by an
independent authority. The risk rating and vetting process
are done independent of credit appraisal function to ensure
its integrity and independency.
All loan proposals falling under the powers of GM & above
at HO/ Field General Manager and Circle Head at field are
routed through Credit Committee. To ensure transparency
and to give wider coverage, the committee consists of one
representative each from risk management department,
Credit Department and one representative from an area
not connected with credit. The proposals are deliberated in
the Credit Committee from business objectives, risk
management objectives, and policies perspectives.
The rating category wise portfolio of loan assets is reviewed
on quarterly basis to analyze mix of quality of assets etc.
3.1.4 In order to provide a robust risk management structure,
the Credit Management and Risk policy of the bank aims
to provide a basic framework for implementation of sound
credit risk management system in the bank. It deals with
various areas of credit risk, goals to be achieved, current
practices and future strategies.
83
t|n|l+ ¤+ - +º| ¤|lº|n + =-¤-¬ n (+ n|-+ <l·º+|º|
~¤-|¤| t~| t -·||l¤ ~|--l·+ ·lºª ~|¬|l·- <l·º+|º| +| ~¤-|-|
·|i ¤|·i ·º|| ¤|(ª| :=ln( tn|·i +º| -il- +º|¤|lº|n v¤-¬-
+ vl- ~-¤|¤l¬ +|¤|-¤¤- -·|| <i·||¤l¬ <l·º+|º| <|-| +| ti
ª¤i+|· +·-i t ¤+ +i -il- n ¤|lº|n +i ¤t-|- +·-| ¤|lº|n
+i n|·|| +| ¤-| nª|-| ¤|lº|n + ª-· +| -¤ +·- +i -+-i+
l·¤| lº ª ¤ ¤| lº|n l-¤ ·|º| ¤zl-¤| /--t +n +·- + -·i+ vn º|i+·º|
+i v·||( (¤ =nª¤|n¸n+ +º|| = l-¤º- + -·i+ l-lt- t
s.z ¤r¬rt ¬rf=rn q¤ at¬ar ¬rf=rn
l-¤z| -il- +| -ªz¤ l¤l·|-- ¤|lº|n v¤-¬- -¤|¤| + ·¤|¤+
-¤¤|ª = +|·| ¤l·-|n- = ¤÷ ¤|lº|n| +| n¸-¤|+- (¤ --t
-¤¸--n ¤-|-| t nº¤-· ¤t vl+¤|ª- ¤|lº|n +º| ¤|lº|n ¤|¤|·
¤|lº|n =-|n- ¤|lº|n -·|| +|·| ¤l·-|n- n -·n-| ¤|lº|n +
v¤-¬- t- -il-ª- -¤|¤| +| ~|·n=|-¸ +·-| t
ª...¡ +| ·| + l¤l·|-- -·¤|<| -·|| :=+i ·¤|¤=|l¤+ ªl-l¤l¬¤| =
·¤·¤-- ¤|¤|· ¤|lº|n + ln( ¤+ l¤l-¤|n+/~|--l·+ =in|~| +|
l-¬|·º| ~|· :-+i ~-¤|n-| =l-lz-- +·-| t ·lºª + --|·-·|¤
¤· l-¤ln- l-ª·|-i ·º|i ¤|-i t +|-º· ¤|ºi -¤|ª -·|| <z|| +
+|¤+n|¤| +i =in|~| +| n|l-º· l+¤| ¤|-| t -·|| -|l- =in|~|
+i ·|+ ~|¤·-|:º lnlnº ÷n|:º lnlnº =-¤+¸ ~-· lnlnº
(+n ~-· lnlnº l¤<z|i l¤l-n¤ t- ¤-¤¸ (º l·ª+ :¤i(~|·|
~-·¤+ n-<- -·|| l-¤z| =in| ~|l< + n|·¤n = ¤|lº|n| +|
l-¤l·|- l+¤| ¤|-| t
ª.... ¤+ + ¤|¤|· ¤|lº|n v¤-¬- + ln( :=+ ¤|= +|·| -·|| ~|lª-
<¤-| v¤-¬- ~·||-¸ ((n(n + ln( ¤·|+¸¤·|+¸ ÷ª+| = ¤+-
(+ ln÷~|l¤·= ª·||l¤- l+¤| ª¤| t
ª...ª ~|lª- < ¤-| v¤-¬- =lnl- ¤ + +| ¤|¤ |· ¤| lº|n v¤-¬ +·-
-·= ¤ ¬i vl+¤|~| ¤| lº|n v¤-¬- +|¤| -¤¤- l¤l-¤|n+| ,|·|
¤|·i n|ª <z|i l-< z|| l¤z¤ ·|· n ·¤¤r- -·+ ·º ¤| lº|n v¤-¬-
v·||~| -·|| ~| -l·+ ¤ ·|niº·| vl+¤|~| ¤zl-¤| /-il-¤| + ln(
--|·<|¤i t ~| · ¤| lº|n v¤-¬- l¤¤ +i =in|~| +| ¤|n- +·-i
t ~|lª- < ¤-| v¤-¬- =lnl- +| º| <·| ~lª n| ~| · ¤n| -·¤|<|
+ n¸ -¤ -¤ +·- -·|| ¤i¤i(n~|· n = z|| ¬- + = ¤|¤ +| +|¤
=| ¤| ª¤| t
ª...: ¤|lº|n + l¤ªz vl-·-|| ~|·/~·|¤| -= +n +·- + ln( -il- ¤|
+|¤-il- ¤-|- -·|| --+i v·||¤z|in-| +i ¤|- +·- + ln( ~|lª-
<¤-| v¤-¬ =lnl- +i ¤a+| n l¤-|· l+¤| ¤|-| t (=| +·-
=n¤ := ¤|- +| ·¤|- ·º|| ¤|-| t l+ := =¤¬ n ~|lª- <¤-|
v¤-¬ =lnl- + +¤| l¤-|· t -·|| vl-·-|| + ¤|· n +¤| +|·¤|:
+i ª: t
ª...· l¤l·|-- +|nº|÷| n ~¤lz|·º ¤l·¤+¤-| ¤· ~|¬|l·- ¤nn ¤l·¤+¤-|
+ ln( ~-· l¤zn·|º| + n|·¤n = ¤+ +i -·n-| ¤|lº|n +
n¸-¤|+- + =|·|=|·| l¤l·|-- -·n-| ~-¤|-| +| ln¤| ¤|-| t -·||
--+ ln( l-¬|l·- l¤¤+i =in|~| + ·|i-· :-+| v¤-¬- l+¤|
¤|-| t <¤|¤ ¤·i-|º| :ªº= ºlªºª| ~-+·º| :l=-¤nz|-| =¤<i
l¤zn·|º| :·¤|l< ¤=i ~lªn -+-i+| + ~|¬|· ¤· l-¤ln- ~-·|n|
Though the bank has implemented the Standardized
Approach of credit risk, yet the bank shall continue its
journey towards adopting Internal Rating Based Approaches.
As such, the credit policy deals with short term
implementation as well as long term approach to credit risk
management. The policy of the bank embodies in itself the
areas of risk identification, risk measurement, risk grading
techniques, reporting and risk control systems /mitigation
techniques, documentation practice and the system for
management of problem loans.
3.2 Market Risk & Liquidity Risk
The investment policy covering various aspects of market
risk attempts to assess and minimize risks inherent in treasury
operations through various risk management tools. Broadly,
it incorporates policy prescriptions for measuring, monitoring
and managing systemic risk, credit risk, market risk,
operational risk and liquidity risk in treasury operations.
3.2.1 Besides regulatory limits, the bank has put in place internal
limits and ensures adherence thereof on continuous basis
for managing market risk in trading book of the bank and
its business operations. Bank has prescribed entry level
barriers, exposure limits, stop loss limits, VaR limit, Duration
limits and Risk Tolerance limit for trading book investments.
Bank is keeping constant track on Migration of credit ratings
of investment portfolio. Limits for exposures to counter-
parties, industry segments and countries are monitored. The
risks under Forex operations are monitored and controlled
through Stop Loss Limits, Overnight limit, Daylight limit,
Aggregate Gap limit, Individual gap limit, Value at Risk (VaR)
limit, Inter-Bank dealing and investment limits etc.
3.2.2 For the Market Risk Management of the bank, Mid-Office
with separate Desks for Treasury & Asset Liability
Management (ALM) has been established.
3.2.3 Asset Liability Management Committee (ALCO) is primarily
responsible for establishing the market risk management
and asset liability management of the bank, procedures
thereof, implementing risk management guidelines issued
by regulator, best risk management practices followed
globally and ensuring that internal parameters, procedures,
practices/policies and risk management prudential limits are
adhered to. ALCO is also entrusted with the job of fixing
Base rate and pricing of advances & deposit products and
suggesting revision of BPLR to Board.
3.2.4 The policies for hedging and/or mitigating risk and
strategies & processes for monitoring the continuing
effectiveness of hedges/mitigants are discussed in ALCO
and based on views taken by / mandates of ALCO, hedge
deals are undertaken.
3.2.5 Liquidity risk of the bank is assessed through gap analysis
for maturity mismatch based on residual maturity in different
time buckets as well as various liquidity ratios and
management of the same is done within the prudential limits
fixed thereon. Advance techniques such as Stress testing,
simulation, sensitivity analysis etc. are used on regular
84
= l¤zn·|º| l+( ¤|- t -|l+ l¤l·|-- -·n-| ¤l·<z¤| + ~--ª-
~|+lªn+ l-l¬¤| +i ¤|¤-| -¤|· +i ¤| =+
s.s ¤ft¤r¬ªna ¬rf=rn
¤+ - ¤l·-|n-ª- ¤|lº|n + ¤¤¬- + ln( =·-|| +i -i- ¤l+-¤|
~¤-|¤i t =·-|| +i ¤tni ¤l+- +| l¤l·|-- ¤.+. ¤·||ª| ,|·|
¤l-l-l¬·¤ t|-| t ¤| l-¤-·|º| :+|:¤| :=i¤¸| +|·|¤|· :+|:¤|
:¤i¤¸| ~·|¤| =n·|+ :+|:¤|=¤¸| t =·-|| +i l,-i¤ ¤l+- +|
¤l-l-l¬·¤ ¤=n l<z||l-<z|| + ~·¤¬i- ¤·|| ªla- ¤l·-|n-ª-
¤| lº|n ¤ ¤ ¬- l¤·||ª :~| ~|·(n÷i| ª¤ n ª¤--·| +| ·¤| · º ¤l·-|n-ª-
¤|lº|n ¤¤¬- +|¤ :=i~|~|·(¤·| ,|·| l+¤| ¤|-| t =·-|| +i
--i¤ ¤l+- +| ¤l-l-l¬·¤ l-·i-|º| (¤ ~|l÷º ¤·||ª/¤¤¬- ~|l÷-
¤·||ª :~|÷i/(n(~|·÷i| ,|·| l+¤| ¤|-| t ¤| ¤tni <| =·-||
¤l+-¤| + ln( --|-i ¤·+z|- t ¤+ + =¤¸º| ¤l·-|n-ª- ¤|lº|n
¤¤¬- +| ~¤n|+- +·- + ln( ¤+ + ~·¤-| (¤ ¤¤¬ l-<z|+
+i ~·¤-|-| n ¤l·-|n-ª- ¤|lº|n ¤¤¬- =lnl- :~|~|·(n=i|
ªla- +i ª¤it t ¤| (+ +|¤+|·i ª-·i¤ =lnl- t ~|· <|-|
+|¤¤|n+ l-<z|+ -·|| ¤nº| ¤·||ªi¤ ¤¬|- := =lnl- + =<ª¤ t
s.+ =¢r ¬rf=rn ¤ f¬q ¤¸¬tna =¤+rrq fªrªf¬f=ra r .
:` +·|÷ n|
s+.os.zo++ s+.os.zo++
n|-+ <l·º+|º| + ~¬i-
¤| º| ln¤| ..ºº·.¡ ¡º:.ºª
vl-·|¸l-+·º| = º|-·| z|¸-¤ z|¸-¤
ª.· ¤|¤|· ¤|lº|n + ln( ¤¸¤iª- ~¤-||( :n|-+i+- ~¤l¬ <l·º+|º|
+ ~-ª-+º| l---lnlº|- t ·
:` +·|÷ n|
¬rf=rn v¢rt s+.os.zo+z s+.os.zo++
i| ·¤|¤ <· ¤|lº|n º··.· ·.¡.º·
ii| l¤<z|i l¤l-n¤ ¤|lº|n
:ª¤º| =lt-| ¡º.ºº ¡º.ºº
iii| :l+¤ºi ¤|lº|n ·.·.ªª :º..º¡
iv| n|-+i+- ~¤l¬ <l·º+|º|
+ ~--ª- ¤|¤|·
¤|lº|n| + ln( +n
¤¸¤i v·||·:i+ii+iii| ¡:ºº.ºº º:¡.º·
s.e n¸ ¬ = ¤ a¤ ª frº¤r ¢r (¤ f=¤ ; fz¤ ºt =¤r ¤¸ ¤ =-an a
¤ft¤r¬ªna ¬r f=rn ¤ f¬q ¤¸ ¬t ¤t =r¤r¤¤ar fªrªf¬f=ra r .
:` +·|÷ n|
¤ft¤r¬ªna ¬rf=rn ¤ f¬q
¤¸¬t ¤t =r¤r¤¤ar s+.os.zo+z s+.os.zo++
n¸n =+-+ <l·º+|º| .º·:.. ¡·ºº.ª
intervals to draw the contingency funding plan under
different liquidity scenarios.
3.3 Operational Risk:
The bank adopts three lines of defense for management of
operational risk, the first line of defense represented by
Various HO Divisions which are Control Units (CU), Business
Units (BU) or Support Units (SU) ; Second line of defense
represented by independent Corporate Operational Risk
Management Function (CORF) being Operational Risk
Management Department (ORMD) as envisaged under Basel
guidelines; Third lines of defense represented by Inspection
& Audit Division/Management Audit Division (IAD/MARD)
which is a challenge function to the first two lines of defense.
Operational Risk Management Committee (ORMC) headed
by CMD with both the EDS and key divisional heads as
members is the Executive level committee to oversee the
entire operational risk management of the bank.
3.4 The capital requirements for credit risk are:
(` in crores)
31.03.2012 31.03.2011
Portfolios subject to
standardised approach 22805.17 19747.03
Securitization exposure NIL NIL
3.5 The capital requirements for market risk (under
standardised duration approach) are:
(` in crores)
Risk Category 31.03.2012 31.03.2011
i) Interest Rate Risk 856.67 521.05
ii) Foreign Exchange Risk
(including Gold) 18.00 18.00
iii) Equity Risk 525.33 402.91
iv) Total capital charge for
market risks under
Standardised duration
approach (i + ii + iii) 1400.00 941.96
3.6. The capital requirement for operational risk under Basic
indicator approach is :
(` in crores)
Capital requirement for
operational risk 31.03.2012 31.03.2011
Basic indicator approach 2064.27 1699.37
85
ª. ¤ + + (+n -·|| =n¸ t ~| · ~- ·| lª¤| + ¤¸ ¤iª- ~- ¤|-
l---¤-¸ t ·
¤¬r¤ ªrrª¬ ¤¤ (q¤¬¸
s+.os.zo+z s+.os.zo++
=i~|·(~|·· ¡..·ª· ¡..:.·
=i~|·(~|·ºi¤· ¤¸¤i :·| º..º· º.::·
=i~|·(~|·ºi¤· ¤¸¤i :·| ª.ª·· ª.ºº·
¤¬r¤ ªrrª¬ ¤¤ (=n¸r¸
s+.os.zo+z s+.os.zo++
=i~|·(~|·· ¡ª.¡.· ¡ª.º¡·
=i~|·(~|·ºi¤· ¤¸¤i :·| º.··· º.º.·
=i~|·(~|·ºi¤· ¤¸¤i :·| ª.··· :.¡º·
~-·|lª¤| ·
=ªrrnt =t=rtq=rt- =t=rtq=rt- =t=rtq=rt x
¤r ªrn ºt¤t-ì ¤¸ ¬t (x¸ ºt¤t-ìì ¤¸ ¬t (x¸
s+.os.zo+z s+.os.zo++ s+.os.zo+z s+.os.zo++ s+.os.zo+z s+.os.zo++
¤i(-¤i lª-º= ln. 74.72 94.72 - - 74.72 94.42
¤i(-¤i t|-l=ª
¤·|:- = lnlnº÷ 11.52 12.16 6.27 8.67 17.79 20.83
¤¤|¤ -z|-n ¤+
::º·-z|-n| ln. 11.31 13.20 7.20 7.99 18.51 21.19
¤i(-¤i :-¤ªºnº
=l¤=¤ lnlnº÷ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti
÷+ ¤i(-¤i ¤ + ln. 7.81 9.80 3.59 0.31 11.40 10.11
¤(==i <|-| ¤+ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti
¤i(-¤i :z¤|·=
¤|l+ª v|.ln. n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti
¤i(-¤i n|:¤·
:z¤|·= +-¤-i ln. n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti
ztq¤·+.=¢r ¬rf=rn . =rnr-¤ ¤¤ºt¤t¢r
:.¡ ¤l< l+=i +º| =l¤¬| + ~--ª- ¤+ ,|·| l-¬|l·- <¤ l-l·| ¤· +|:
·|lz| -+|: -ti ¤|-i -| ¤t ·|lz| ~l-<¤ t|-i t :=+ ~n|¤|
~¤=|n|-¤ ~|lª- -¤ -¬|· ¤| ~lªn t|-| t ¤¤·
:i| l+=i =|¤l¬ +º| + =-¤-¬ n ·¤|¤ ~|· / ¤| n¸n¬- +i
l+ª- ºº l<-| = ~l¬+ ~¤l¬ + ln( ~l-<¤ ·t-i t
:ii| l+=i ~|¤· ÷|+º/+z| +l÷º + =-¤-¬ n ºº l<- = ~l¬+
+ ln( º||-| ai+ -ti ·t-|
º||-| -= lª·|l- n ai+ -ti n|-| ¤|¤ª| ¤l<
¤+|¤| z|·| =in|/ ~|t·º| z|l+- = l-·--· -¤|<| ·t-| t
-- n|nn| n ¤t| n¸n¬- ¤l·-|n- º||- n ¤+|¤| z|·| ª¤i+-
=in|/ ~|t·º| z|l+- = +n t l+-- -n-¤·| +i l-l·| +|
nª|-|· ºº l<-| + ln( +|: +l÷º -ti t ~·|¤| -=i ~¤l¬
+ <|·|- ÷l¤º l+( ¤|- ¤|n ·¤|¤ +| +¤· +·- + ln(
¤¤|-- +l÷º -¤n·¬ -ti t
:iii| º|·i< ª( ~|· ·|-|( ª( l¤n| + n|nn n l¤n ºº = -¤|<|
l<-| +i ~¤l¬ + ln( ~l-<¤ ·t-| t
3.7. The capital ratios of the bank, (solo & group) and subsidiaries
are:
Punjab National Bank (Solo)
31.03.2012 31.03.2011
CRAR% 12.63% 12.42%
CRAR – Tier I capital (%) 9.28% 8.44%
CRAR – Tier II capital (%) 3.35% 3.98%
Punjab National Bank (Group)
31.03.2012 31.03.2011
CRAR% 13.12% 13.01%
CRAR – Tier I capital (%) 9.56% 8.82%
CRAR – Tier II capital (%) 3.56% 4.19%
Subsidiaries:
Name of CRAR – Tier I CRAR – Tier II CRAR (%)
subsidiary capital (%) capital (%)
31.03.2012 31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011
PNB Gilts Ltd 74.72 94.72 - - 74.72 94.42
PNB Housing
Finance Ltd 11.52 12.16 6.27 8.67 17.79 20.83
Punjab National
Bank (International)
Ltd. 11.31 13.20 7.20 7.99 18.51 21.19
PNB Investment
Services Ltd. NA NA NA NA NA NA
Druk PNB Bank Ltd. 7.81 9.80 3.59 0.31 11.40 10.11
JSC Dana Bank NA NA NA NA NA NA
PNB Insurance
Broking Pvt. Ltd. NA NA NA NA NA NA
PNB Life Insurance
Co. Ltd. NA NA NA NA NA NA
DF4.Credit risk: general disclosures
4.1. Any amount due to the bank under any credit facility is overdue
if it is not paid on the due date fixed by the bank. Further, an
impaired asset is a loan or an advance where:
(i) interest and/or installment of principal remains overdue
for a period of more than 90 days in respect of a term
loan.
(ii) the account remains out of order in respect of an
overdraft/cash credit for a period of more than 90 days.
Account will be treated out of order, if:
- the outstanding balance remains continuously in excess
of the limit/drawing power.
- in cases where the outstanding balance in the principal
operating account is less than the sanctioned limit/
drawing power, but there are no credits continuously
for 90 days as on the date of balance sheet or credits are
not enough to cover the interest debited during the same
period
(iii) in case of bills purchased & discounted, the bill remains
overdue for a period of more than 90 days
86
:iv| l+ª- ¤| n¸n¬- ¤| -= ¤· ·¤|¤ n·| ~¤l¬ ¤|ni <| ¤·=ni
n|=n| + ln( ~l-<¤ ·t-| t ~|· n-¤i ~¤l¬ +i ¤·=n| +
ln( n¸n¬- +i l+ª- ¤| -= ¤· ·¤|¤ (+ ¤·=ni n|=n +
ln( ~l-<¤ ·t-| t
+º| ¤|lº|n v¤-¬- + ln( ¤+ ,|·| +º| ~-n|<- v|l¬+|·i
l¤¤+i +º| =in|~| ~|¤|lª+ +º| =in|~| +º| ¤|lº|n
·lºª vº||ni ¤|lº|n ~|¬|l·- n¸-¤- -·|| +º| =ni-|| ¤zl-¤|
+| -¤|¤ ª¤ª¤ v¤|ª n n|¤| ¤|-| t ¤+ +i +º| v¤-¬-
-·|| ¤|lº|n -il- n :- =·|i -¤|¤| +| --nº| l+¤| ª¤| t
=nl·º ª-· ¤· <º| -| -il- =-¤-¬i <ª-|¤¤ ¤+ + <l·º+|º|
+| =n¤- n|¤- ~|· ·¤¤lª·|- +·- +| (+ (=| =|¬- t
l¤== +º| =-¤-¬i ¤|lº|n| +| =-|n- l+¤| ¤| =+-| t
~|· ¤t =l-lz-- l+¤| ¤| =+-| t l+ +º| <- ~|· ¤|lº|n
+| v¤-¬ +·- + =n¤ +º| ¤|º¤·|ln¤| +| ª¤ª·| ·º|| ¤|
=+-| t v·¤+ +º|i + +º| ¤|lº|n +| (= -|¤+ n|÷n|
+ n|·¤n = -|¤| ¤|-| t l¤-+ ~|¬|· ¤· l-¤ln- ª¤ =
¤·i-|º| +·- t( +º| l¤z|·| +i ·||¤i lª·|l- +| ~<|¤| nª|¤|
¤| =+-| t
+.z ¤¬ =¤¬ =¢r ¬rf=rn fªrª¤a¸ r .
:` +·|÷ n|
v¢rt s+.os.zo+z s+.os.zo++
l-l¬ ~|¬|l·- .ººº..· .:ªººº.º
ª·l-l¬ ~|¬|l·- ··ª¡.º¡ ·º¡ª.º·
+.s =¢rr ¤r +rrnrf¬¤ =f¤at¢r fªrª¤a¸ r .
:` +·|÷ n|
v¢rt f¤ªrr n rrt¬¸
s+.os.zo+z s+.os.zo++ s+.os.zo+z s+.os.zo++
l-l¬ ~|¬|l·- .¡º:.ºª ¡.··..ª .·¡º.: .ª¡.ªª.··
ª·l-l¬ ~|¬|l·- ª¡·¡.:º ººº.·º ªªº.:ª ·º¡º:..
+.+ (¤¸ =¢rr ¤r sur n¤rt = f¤at¢r (fªf¤ =r¤rfta¸ fªrª¤a¸
r .
:·|lz| ` ª¤¤ n|
a. ¤rz surn 31.03.2012 31.03.2011
= .
1 1 +| ¤n| 35.38 153.09
2 2 º||- 755.09 1549.74
3 3 n|t| (¤ :ª¤|- 17963.86 15933.54
4 4 ~-¤ nºn (¤
nºn -·¤|< 1227.53 1357.47
5 5 ~|n :¤il-¤l·ª 4572.36 5974.00
5.1 l¤=n = :ºº·|
:n+º|l-+= 610.93 578.85
6 6 :n +ºil=ºi 5950.47 6656.50
7 7 +|º- º +=º|:n= 1406.63 2257.49
8 8 ¤¸º º+=º|:n= 71.99 92.46
9 9 ~-¤ º +=º|:n= 3044.80 4311.20
10 10 -i-i 2086.53 3327.54
11 11 -|¤ 6.91 4.59
12 12 ¤·¸÷ v|=l=ª 3741.94 3837.67
13 13 ¤l¤º¤n ~|¤n
(¤ ¤-ª¤l- 653.55 849.63
14 14 -¤|+¸ (¤
-¤|+¸ -·¤|< 23.25 25.86
(iv) the installment or principal or interest thereon remains
overdue for two crop seasons for short duration and the
installment of principal or interest thereon remains
overdue for one crop season for long duration crops.
Credit approving authority, prudential exposure limits,
industry exposure limits, credit risk rating system, risk
based pricing and loan review mechanisms are the tools
used by the bank for credit risk management. All these
tools have been defined in the Credit Management &
Risk Policy of the bank. At the macro level, policy
document is an embodiment of the Bank’s approach to
understand, measure and manage the credit risk and aims
at ensuring sustained growth of healthy loan portfolio
while dispensing the credit and managing the risk. Credit
risk is measured through sophisticated models, which are
regularly tested for their predictive ability as per best
practices.
4.2. The total gross credit risk exposures are:
(` in crores)
Category 31.03.2012 31.03.2011
Fund Based 297892.57 243998.78
Non Fund Based 76531.91 59173.86
4.3 . The geographic distribution of exposures is:
(` in crores)
Category Overseas Domestic
31.03.2012 31.03.2011 31.03.2012 31.03.2011
Fund Based 21784.83 12765.23 276107.74 231233.55
Non-fund based 3161.48 989.59 73370.43 58184.27
4.4 (a) Industry type distribution of exposures (Fund Based)
is as under:
(` in crores)
S. Code INDUSTRY 31.03.2012 31.03.2011
No.
1 1 COAL 35.38 153.09
2 2 MINING 755.09 1549.74
3 3 IRON AND STEEL 17963.86 15933.54
4 4 OTHER METAL &
METAL PRODUCTS 1227.53 1357.47
5 5 ALL ENGINEERING 4572.36 5974.00
5.1 Of which (005)
Electronics 610.93 578.85
6 6 ELECTRICITY 5950.47 6656.50
7 7 COTTON TEXTILES 1406.63 2257.49
8 8 JUTE TEXTILTES 71.99 92.46
9 9 OTHER TEXTILES 3044.80 4311.20
10 10 SUGAR 2086.53 3327.54
11 11 TEA 6.91 4.59
12 12 FOOD PROCESSING 3741.94 3837.67
13 13 VEGETABLE OILS
AND VANASPATI 653.55 849.63
14 14 TOBACCO &
TOBACCO PRODUCTS 23.25 25.86
87
15 15 PAPER & PAPER
PRODUCTS 1145.44 1519.92
16 16 RUBBER & RUBBER
PRODUCTS 586.90 219.29
17 17 CHEMICALS, DYES,
PAINTS, ETC. 1906.77 2916.34
17.1 Of which Fertilizers 8.17 113.74
17.2 Of which Petro-
chemicals 523.70 398.02
17.3 Of which Drugs &
Pharmaceuticals 823.72 1453.71
18 18 CEMENT 1401.98 976.50
19 19 LEATHER & LEATHER
PRODUCTS 290.96 605.31
20 20 GEMS AND
JEWELLERY 918.30 1676.38
21 21 CONSTRUCTION 3686.18 3902.69
22 22 PETROLEUM 2181.53 3502.89
23 23 AUTOMOBILES
INCLUDING TRUCKS 1175.57 1480.37
24 24 COMPUTER
SOFTWARE 28.13 81.45
25 25 INFRASTRUCTURE 45892.98 35699.28
25.1 Of which Power 23370.10 16298.85
25.2 Of which
Telecommunications 7896.60 8413.91
25.3 Of which Roads
& Ports 7249.80 6501.32
26 26 NBFCs 15395.70 7966.16
27 27 TRADING 11381.37 10234.11
28 28 OTHER INDUSTRIES 23617.98 18264.65
TOTAL 151150.08 135376.12
29 29 Residuary Other
Advances 146742.49 108622.66
GRAND TOTAL 297892.57 243998.78
Industry exposure is more than 5% of gross fund based exposure
1 3 IRON AND STEEL 17963.86 15933.54
2. 25. INFRASTRUCTURE 45892.98 35699.28
3 26. NBFC 15395.70 7966.16
4.4 (b) Industry type distribution of exposures (Non Fund Based) is as under:
(` in crores)
S. Code INDUSTRY 31.03.2012 31.03.2011
No.
1 1 COAL 42.26 52.39
2 2 MINING 208.00 601.08
3 3 IRON AND STEEL 9845.18 8650.50
4 4 OTHER METAL &
METAL PRODUCTS 650.24 595.88
5 5 ALL ENGINEERING 3911.77 5272.42
5.1 Of which (005)
Electronics 383.50 671.45
6 6 ELECTRICITY 105.12 50.35
7 7 COTTON TEXTILES 78.10 38.77
8 8 JUTE TEXTILTES 14.01 18.06
9 9 OTHER TEXTILES 586.80 607.64
10 10 SUGAR 99.92 283.64
11 11 TEA 0.02 0.00
12 12 FOOD PROCESSING 561.78 857.02
13 13 VEGETABLE OILS AND
VANASPATI 2564.30 1126.81
14 14 TOBACCO & TOBACCO
PRODUCTS 6.38 21.04
15 15 ¤¤· (¤
¤¤· -·¤|< 1145.44 1519.92
16 16 ·¤÷ ~|·
·¤÷ -·¤|< 586.90 219.29
17 17 +ln+n ÷|:
¤º= ~|l< 1906.77 2916.34
17.1 l¤-n = ¤·lºn|:¤· 8.17 113.74
17.2 l¤-n =
¤º|+ln+n= 523.70 398.02
17.3 l¤-n = ÷·= ~|·
¤·|n=i =-¤-¬i 823.72 1453.71
18 18 =inº 1401.98 976.50
19 19 -n÷| (¤ -n÷|
-·¤|< 290.96 605.31
20 20 ··- ~|·
~|·|¸ ·|º| 918.30 1676.38
21 21 l-n|º| 3686.18 3902.69
22 22 ¤º|ln¤n 2181.53 3502.89
23 23 º+| =lt-
~|º|n|¤|:n 1175.57 1480.37
24 24 +-¤¸º·
=|+º¤¤· 28.13 81.45
25 25 :-¤·|ªº+-· 45892.98 35699.28
25.1 :-n = ¤|¤· 23370.10 16298.85
25.2 :-n =
ºln+--¤l-+z|- 7896.60 8413.91
25.3 :-n = =÷+
~|· ¤<·ª|t 7249.80 6501.32
26 26 (-¤i(¤·=i 15395.70 7966.16
27 27 ºl÷ª 11381.37 10234.11
28 28 ~-¤ -¤|ª 23617.98 18264.65
¤| ÷ 151150.08 135376.12
29 29 ~¤lz|·º ~-¤
~lªn 146742.49 108622.66
+n ¤|÷ 297892.57 243998.78
~| ¤|lª+ +º| =+n l-l¬ ~|¬|l·- +º|| + ·· = ~l¬+ t
1 3 ~|¤·- (÷ ªºin 17963.86 15933.54
2. 25. ~|¬|··|¸- =·--| 45892.98 35699.28
3 (-¤i(¤·=i 15395.70 7966.16
4.4 (º|) +º|| +| ~| ¤|lª+ =l¤-·º| :ª · l-l¬ ~|¬|l·-| l---¤-¸ t ·
:·|lz| ` ª¤¤ n|
a. ¤rz surn 31.03.2012 31.03.2011
= .
1 1 +| ¤n| 42.26 52.39
2 2 º||- 208.00 601.08
3 3 ~|(·- (¤ ªºin 9845.18 8650.50
4 4 ~-¤ nºn (¤
nºn -·¤|< 650.24 595.88
5 5 ~|n :¤il-¤l·ª 3911.77 5272.42
5.1 l¤=n = :ºº·|
:n+º|l-+= 383.50 671.45
6 6 :n +ºil=ºi 105.12 50.35
7 7 +|º- º +=º|:n= 78.10 38.77
8 8 ¤¸º º+=º|:n= 14.01 18.06
9 9 ~-¤ º +=º|:n= 586.80 607.64
10 10 -i-i 99.92 283.64
11 11 -|¤ 0.02 0.00
12 12 ¤·¸÷ v|=l=ª 561.78 857.02
13 13 ¤l¤º¤n ~|¤n
(¤ ¤-ª¤l- 2564.30 1126.81
14 14 -¤|+¸ (¤
-¤|+¸ -·¤|< 6.38 21.04
88
15 15 ¤¤· (¤
¤¤· -·¤|< 200.68 110.13
16 16 ·¤÷ ~|·
·¤÷ -·¤|< 39.43 81.21
17 17 +ln+n ÷|:
¤º= ~|l<. 573.75 1178.21
17.1 l¤-n = ¤·lºn|:¤· 70.42 7.04
17.2 l¤-n =
¤º|+ln+n= 699.05 466.65
17.3 l¤-n = ÷·= ~|·
¤·|n=i =-¤-¬i 220.11 368.83
18 18 =inº 340.72 460.83
19 19 -n÷| (¤ -n÷
-·¤|< 54.17 25.27
20 20 ··- ~|· ~|·|¸·|º| 234.19 1927.65
21 21 l-n|º| 331.34 293.36
22 22 ¤º|ln¤n 135.54 632.09
23 23 º+| =lt-
~|º|n|¤|:n 157.53 219.17
24 24 +-¤¸º· =|+º¤¤· 9.48 1.25
25 25 :-¤·|ªº+-· 9502.03 7685.47
25.1 :-n = ¤|¤· 6183.03 4953.59
25.2 :-n =
ºln+--¤l-+z|- 2468.85 2040.12
25.3 :-n = =÷+
~|· ¤<·ª|t 1295.09 256.19
26 26 (-¤i(¤·=i 161.99 4953.59 124.02
27 27 ºl÷ª 4169.38 3569.31
28 28 ~-¤ -¤|ª 4935.74 4130.95
¤| ÷ 39519.84 38614.52
29 29 ~¤lz|·º ~-¤
~lªn 37012.07 20559.34
+n ¤|÷ 76531.91 59173.86
-¤| ª ¤t| l-l¬+ ¤+|¤| =+n l-l¬+ ¤+|¤| + ·· = ~l¬+ t
1 3 ~|¤·- (÷ ªºin 9845.18 8650.50
2 27 ºl÷ª 4169.38 3569.31
3 5 =·|i :¤il-¤l·ª 3911.77 5272.42
4. 25 ~|¬|··|¸- =·--| 9502.03 7685.47
4.5 .=rfta¤r ¤r =¤frrrº =f¤ªrna ¤ft¤¤¤ar ¤¤-zrsª fªrª¤a¸ r .
:` +·|÷ n|
¤ft¤¤¤ar ¤t f¤f¤ =fnn* fª¤rr f¤ªrrt n)r
(=¤¬¸ =rfta¤r *
~|ª|ni l<- 13860.94 3.58 1602.28
(9918.47) (00.00) (357.75)
. l<- l<- 6390.20 843.30 2940.97
(4940.21) (99.89) (322.61)
º.¡: l<- 4261.42 174.58 1364.86
(4864.84) (262.34) (478.74)
¡· = .º l<- 6151.19 248.55 1960.94
(6726.54) (668.97) (1471.68)
.º l<- = ª n|t 12000.26 11355.08 9871.91
(11127.40) (7617.13) (4026.77)
ª n|t = ~l¬+ 9310.24 3020.94 10185.25
-·|| · n|t -+ (13277.89) (1541.26) (6456.26)
· n|t = ~l¬+ 50070.74 3378.19 3568.67
-·|| ¡ ¤·| -+ (31700.45) (2518.16) (4467.88)
15 15 PAPER & PAPER
PRODUCTS 200.68 110.13
16 16 RUBBER & RUBBER
PRODUCTS 39.43 81.21
17 17 CHEMICALS, DYES,
PAINTS, etc. 573.75 1178.21
17.1 Of which Fertilizers 70.42 7.04
17.2 Of which Petro-
chemicals 699.05 466.65
17.3 Of which Drugs &
Pharmaceuticals 220.11 368.83
18 18 CEMENT 340.72 460.83
19 19 LEATHER & LEATHER
PRODUCTS 54.17 25.27
20 20 GEMS AND JEWELLERY 234.19 1927.65
21 21 CONSTRUCTION 331.34 293.36
22 22 PETROLEUM 135.54 632.09
23 23 AUTOMOBILES
INCLUDING TRUCKS 157.53 219.17
24 24 COMPUTER SOFTWARE 9.48 1.25
25 25 INFRASTRUCTURE 9502.03 7685.47
25.1 Of which Power 6183.03 4953.59
25.2 Of which
Telecommunications 2468.85 2040.12
25.3 Of which Roads &
Ports 1295.09 256.19
26 26 NBFCs 161.99 4953.59 124.02
27 27 TRADING 4169.38 3569.31
28 28 OTHER INDUSTRIES 4935.74 4130.95
TOTAL 39519.84 38614.52
29 29 Residuary Other
Advances 37012.07 20559.34
GRAND TOTAL 76531.91 59173.86
Industry where fund based outstanding is more than 5% of gross fund based
outstanding
1 3 IRON AND STEEL 9845.18 8650.50
2 27 TRADING 4169.38 3569.31
3 5 ALL ENGINEERING 3911.77 5272.42
4. 25 INFRASTRUCTURE 9502.03 7685.47
4.5 . The residual contractual maturity break down of assets is:
(` in crores)
Maturity Pattern Advances* Investments Foreign Currency
(gross) Assets*
Next day 13860.94 3.58 1602.28
(9918.47) (00.00) (357.75)
2 - 7 days 6390.20 843.30 2940.97
(4940.21) (99.89) (322.61)
8 -14 days 4261.42 174.58 1364.86
(4864.84) (262.34) (478.74)
15- 28 days 6151.19 248.55 1960.94
(6726.54) (668.97) (1471.68)
29days - 3months 12000.26 11355.08 9871.91
(11127.40) (7617.13) (4026.77)
>3months-6months 9310.24 3020.94 10185.25
(13277.89) (1541.26) (6456.26)
>6months-1yr 50070.74 3378.19 3568.67
(31700.45) (2518.16) (4467.88)
89
¡ ¤·| = ~l¬+ 134808.53 13208.57 4334.87
-·|| ª ¤·| -+ (109496.67) (10302.92) (2465.73)
ª ¤·| = ~l¬+ 27842.53 18492.21 1823.24
-·|| · ¤·| -+ (23555.58) (14558.75) (541.08)
· ¤·| = ~l¬+ 29078.72 72422.26 1236.51
(26498.62 (57943.63) (747.56)
¤| ÷ 293774.76 123147.26 38889.50
(242106.67) (95513.05) (21336.06)
*~|+÷ l-¤n ~|¬|· ¤· <z||( ª( t :+|·a+| n l<( ª( ~|+÷ l¤¤n ¤·| + t|
+.e =¤¬ qª¤tq ;= ¤¤rt r .
:` +·|÷ n|
v¢rt 31.03.2012 31.03.2011
~¤n|-+ 5576.41 2643.16
=l<·¬ ¡ 1766.81 852.13
=l<·¬ . 726.11 343.06
=l<·¬ ª 293.34 202.65
t|l- 356.95 338.39
+n (-¤i( :=+n| 8719.62 4379.39
+.z rrq qª¤tq ¤t trfrr fªrªf¬f=ra r.
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2010
z|z (-¤i( 4454.23 2038.63
+.s qª¤tq ¤ =ª¤ra fªrª ¤¤rt r .-
qª¤tq =ª¤ra 31.03.2012 31.03.2011
=+n ~lª n| +i - n-| n =+n (-¤i( · 2.93% 1.79%
z|z ~lªn| +i -n-| n z|z (-¤i(· 1.52% 0.85%
+.v =¤¬ qª¤tq ¤r rrº-¤z fªrª ¤¤rt r .
:` +·|÷ n|
=¤¬ qª ¤t q ¤r rrº-¤z 31.03.2012 31.03.2011
i) ¤·| + v|·-·| n
~|·l-·|+ z|·| 4379.39 3214.41
ii) ¤·| + <|·|- ¤lz 6671.64 4336.70
iii) ¤·| + <|·|- +ni 2331.41 3171.72
iv) ¤·| + ~- n
:l-z|·| (i + ii - iii) 8719.62 4379.39
+.+o qª¤tq ¤ f¬q ¤r¤¤rª ¤r rrº-¤z fªrª ¤¤rt r .
:` +·|÷ n|
Movement of provision for NPAs 31.03.2012 31.03.2011
i) (- ¤i ( + ln(
v|¤¬|- +| ·|º¤· 2296.75 2180.05
ii) ¤·| + v|·-·| n ~|·l-·|+
z|·| 2576.11 904.11
iii) ¤·| + <|·|- ¤º¸º
º||- ÷|n ª( 126.29 102.69
iv) ¤·| + <|·|- l+( ª( ~l-l·+-
v|¤¬|-| +i vl-nº|- ·¤¤ª·|| 562.51 684.72
v) ¤·| + ~- n
:l-z|·| (i + ii - iii - iv) 4184.06 2296.75
>1yr-3yrs 134808.53 13208.57 4334.87
(109496.67) (10302.92) (2465.73)
>3yrs-5yrs 27842.53 18492.21 1823.24
(23555.58) (14558.75) (541.08)
>5yrs 29078.72 72422.26 1236.51
(26498.62 (57943.63) (747.56)
Total 293774.76 123147.26 38889.50
(242106.67) (95513.05) (21336.06)
*Figures are shown on net basis. (Figures in brackets relate to previous
year)
4.6. The gross NPAs are:
(` in crores)
Category 31.03.2012 31.03.2011
Sub Standard 5576.41 2643.16
Doubtful – 1 1766.81 852.13
Doubtful – 2 726.11 343.06
Doubtful – 3 293.34 202.65
Loss 356.95 338.39
Total NPAs (Gross) 8719.62 4379.39
4.7. The amount of net NPAs is:
(` in crores)
Particulars 31.03.2012 31.03.2011
Net NPA 4454.23 2038.63
4.8. The NPA ratios are as under:
NPA Ratios 31.03.2012 31.03.2011
% of Gross NPAs to Gross Advances 2.93% 1.79%
% of Net NPAs to Net Advances 1.52% 0.85%
4.9. The movement of gross NPAs is as under:
(` in crores)
Movement of gross NPAs 31.03.2012 31.03.2011
i) Opening Balance at the
beginning of the year 4379.39 3214.41
ii) Addition during the year 6671.64 4336.70
iii) Reduction during the year 2331.41 3171.72
iv) Closing Balance as at the end
of the year (i + ii - iii) 8719.62 4379.39
4.10.The movement of provision for NPAs is as under:
(` in crores)
Movement of provision for NPAs 31.03.2012 31.03.2011
i) Opening Balance at the
beginning of the year 2296.75 2180.05
ii) Provisions made during
the year 2576.11 904.11
iii) Write-off made during
the year 126.29 102.69
iv) Write –back of excess
provisions made during
the year 562.51 684.72
v) Closing Balance as at the
end of the year (i + ii - iii-iv) 4184.06 2296.75
90
4.11. nt fªr¤rª¤ fª¤rr ¤t trfrr fªrªf¬f=ra r .-
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
ª· l-·¤|<+ l-¤z|
+i ·|lz| 94.65 38.19
4.12. n t fªr¤rª¤ fª¤ rr ¤ ¤r¤¤rª r a t=rt n¤t trfrr fªrªf¬f=ra r ì
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
ª· l-·¤|<+ l-¤z| + ln( ¬|l·-
v|¤¬|- +i ·|lz| 57.70 38.19
4.13. fª¤rr ¤t çr= ¤ f¬¤ ¤r¤¤rªr ¤ rrº¤z ¤t ftºrfa ;= ¤¤rt
r .
:` +·|÷ n|
fª¤rr ¤t çr= ¤ f¬¤ ¤r¤¤rªr
¤ rrº-¤z ¤t ftºrfa 31.03.2012 31.03.2011
i) ¤·| + v|·-·| n
~|·l-·|+ z|·| 350.71 333.23
ii) ¤·| + <|·|- l+( ª(
v|¤¬|- 368.90 114.88
iii) ¤·| + <|·|- ¤º¸º º||-
÷|n ª( 0.00 0.00
iv) ¤·| + <|·|- l+( ª(
~l-l·+- v|¤¬|-| +|
vl-nº|- +·-| 201.91 97.40
v) ¤·| + ~- n
:l-z|·| (i + ii - iii - iv) 517.77 350.71
DF5.=¢r ¬rf=rn . nrª¤ ªfrº¤r¢r ¤ =ª¤¤tª ¤rº¤·rf¬¤r
n¢rr-n¤ ¤¤ºt¤t¢r
5.1. ¤+ - ·||·-i¤ l·¤¤ ¤+ ,|·| l---lnlº|- -¤l-- ·|·n¸ +l÷º ·lºª
(¤l=¤| +| ~-n|l<- l+¤| t -|l+ +º| ¤|lº|n + n|-+ <l·º+|º|
+ ~--ª- ·|·n¸ +lº|¤| + vl- ¤+ + ¤|lº|n +| n|¤| ¤| =+·
- l+l=n
- +¤·
- l¤·- :l÷¤|
- :+|
¤+ - l¤<z| lª·|- +lº|¤| + +º|| + =-¤-¬ n ·||·-i¤ l·¤¤ ¤+
,|·| n|-¤ l---lnlº|- ª ~--·|·ºi¤ +º| n¸-¤|+- (¤l=¤| +| ·|i
~-n|l<- l+¤| t·
- ªºº÷÷ (÷ ¤~·
- n¸÷i¤
- l¤·-
¤·| + <| ·|- ¤ + - - -| l+=i (¤ =i +| -|n ¤| ÷ | t ~| · - +|º|
t
l-l¬ ~|¬|l·-/ ª ·l-l¬ ~|¬|l·- :<i·|| ¤l¬-~-¤|¤l¬| +º|
=l¤¬|~| + n¸-¤|+- + ln( :- (¤l=¤| +i =¤|( ni ¤|-i t :-
--i ª¤i +º| n¸-¤|+- (¤l=¤| = v|-- n¸-¤|+-| +| ¤+ ,|·|
v¤|ª l+¤| ¤|-| t
4.11. The amount of non-performing investment is:
(` in crores)
Particulars 31.03.2012 31.03.2011
Amount of non-performing
investment 94.65 38.19
4.11. The amount of provisions held for non-performing investment is:
(` in crores)
Particulars 31.03.2012 31.03.2011
Amount of provision held for
non-performing investment 57.70 38.19
4.13. The movement of provisions for depreciation on investments is
as under:
(` in crores)
Movement of provisions for
depreciation on investments 31.03.2012 31.03.2011
i) Opening balance at the
beginning of the year 350.71 333.23
ii) Provisions made during the
year 368.90 114.88
iii) Write-off made during the
year 0.00 0.00
iv) Write-back of excess
provisions made during
the year 201.91 97.40
v) Closing balance as at the
end of the year (i + ii –iii-iv) 517.77 350.71
DF5.Credit Risk: Portfolios subject to the Standardized
Approach
Qualitative disclosures
5.1. Bank has approved the following 4 domestic credit rating
agencies accredited by RBI for mapping its exposure with
domestic borrowers under standardized approach of credit
risk
- CRISIL
- CARE
- FITCH India
- ICRA
Bank has also approved the following 3 international credit
rating agencies accredited by RBI in respect of exposure with
overseas borrowers
- Standard & Poor
- Moody’s
- FITCH
No agency has been added/deleted by the Bank during the
year.
These agencies are being used for rating (Long Term & Short
Term) of fund based/ non fund based facilities provided by
the bank to the borrowers. The bank uses solicited rating from
the chosen credit rating agencies.
ii - iii -
91
¤l·n+ ÷|n- n -¤n·¬ ·lºª +| := l¤·|¤ ¤· ·||·-i¤ l·¤¤ ¤+
,|·| ¤|·i n|ªl-<z|| + ~-=|· v¤|ª l+¤| ¤|-| t
5.2. l¤l·|-- ¤|lº|n ¤ª| n :n|-+ <l·º+|º| + ~·¤¬i-| ¤|lº|n
v¤-·|- + -¤·|-- lª·|- +º| ·|lz| l---¤-¸ t ·
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
i) ¡ºº· = +n
¤|lº|n ·||· +º| ¤+|¤| 171138.43 148165.42
ii) ¡ºº· ¤|lº|n
·||· +º| ¤+|¤| 136736.98 171379.78
iii) ¡ºº· = -¤|<| ¤|lº|n
·||· +º| ¤+|¤| 38857.42 23782.78
iv) +º| -i z|¸ -¤ z|¸ -¤
ztq¤·6. =¢r ¬r f=rn ¤n ¤tªr . nrª¤t¤ a ª frº¤r ¢r ¤ f¬q
¤¤ºt¤t¢r
n¢rr-n¤ ¤¤ºt¤t¢r
6.1. ¤+ - l-<z|+ nº÷n ,|·| ~-n|l<- '+º| ¤|lº|n -¤¸-i+·º| -·||
=¤|lz¤+ v¤-¬- -il-' n|ª¸ +i t l¤=n ~-¤ ¤|-| + =|·|=|·|
l¤·-i¤ =¤|lz¤+| =lt- l¤l·|-- =¤|lz¤+| =-¤-¬i -il-¤| ~|·
-n-¤·| + l-¬|·º| +i vl+¤| ·|i z||lnn t ¤t·t|n ¤¸¤i ªº|-|
+i vl+¤| n ¤+ ,|·| l-¬|·º| +i := vl+¤| +| v¤|ª -ti l+¤|
¤| ·t| t
6.2. ¤+ ,|·| =|n|-¤ -|· = ¤|lº|n +n +·- t- :n|-+ <l·º+|º| +
~--ª- ¤¸¤i +i ªº|-| + ln(| v¤+- l+( ¤|- ¤|n =¤|lz¤+| n
l¤·-i¤ =¤|lz ¤+ :~·|| -¸ ¤ + ¤n| ·|lz|¤| =·+|·i/ ¤|ªºn vl-·|¸l-¤|
¤i¤- ¤in| ¤|lnl=¤| ª¤º| ¤¤·|- -¤¸-~n ¤·÷| + ¤¸l-º :·¤|l<|
l¤l·|-- >lº|¤| +i -n (¤ ~-n ¤l·=-¤l·-¤|/·|¸ln =¤l·-¤| :·¤|l<
t -¤¤+- =|+º¤¤· -¤|· +·+ -- =¤|lz¤+ vl-·|¸l-¤| + =ti
n¸-¤|+- +i ªº|-| + ln( (+ l¤ª-- vl+¤| ¤-|: ª: t
6.3. ¤¸¤i =-¤-¬i ~|¤z¤+-|~| +i ªº|-| + ln( ¤+ (=i ª|·lº¤| n-|
t ¤| v·¤-| ª¤·º ~vl-<¤ ~|· z|-·lt- t| ¤¸¤i +i ªº|-| + ln(
(=i ª|·lº¤| +| -¤¤|ª := =¤¬ n ¤¸·i -·t = ·||·-i¤ l·¤¤ ¤+
+ n|ªl-<z|| + ~-=|· l+¤| ¤|-| t
6.4. ¤+ ,|·| ni ª: ~l¬+|z| l¤·-i¤ =¤|lz¤+ vl-·|¸l-¤| ¤| -| ¤+ +i
~¤-i ¤n| ·|lz|¤| t|-i t ~·|¤| =·+|·i vl-·|¸l-¤| t|-i t l¤-+i
¤=¸ni n +|: =nª¤| -ti t|-i := v+|· =¤|lz¤+ vl-·|¸l-¤| +i
l+ªn + +|·º| +|: ¤|lº|n -ti t|-|
6.5. v+º +º| ¤|lº|n ¤|º¤·ln¤| + ln( :n|-+ <l·º+|º| + ~--ª-|
+n ¤l·=in| +º|-i :¤|·| l¤·-i¤ =¤|l>¤+| + -¤·|-- l---lnlº|-
t·
The ratings available in public domain are mapped according
to mapping process as envisaged in RBI guidelines on the
subject.
5.2. The exposure amounts after risk mitigation (subject to the
standardized approach) in different risk buckets are as under:
(` in crores)
Particulars 31.03.2012 31.03.2011
i) Below 100% risk weight
exposure outstanding 171138.43 148165.42
ii) 100% risk weight exposure
outstanding 136736.98 171379.78
iii) More than 100% risk weight
exposure outstanding 38857.42 23782.78
iv) Deducted NIL NIL
DF6.Credit Risk Mitigation: disclosures for standardized
approaches
Qualitative disclosures
6.1. Bank has put in place Board approved ‘Credit Risk Mitigation
and Collateral Management Policy’ which, interalia, covers
policies and processes for various collaterals including financial
collaterals and netting of on and off balance sheet exposure.
However, the bank is not making use of the on-balance sheet
netting in its capital calculation process.
6.2. The collaterals used by the Bank as risk mitigants (for capital
calculation under standardized approach) comprise of the
financial collaterals (i.e. bank deposits, govt./postal securities,
life policies, gold jewellery, units of mutual funds etc.). A
detailed process of calculation of correct valuation and
application of haircut thereon has been put in place by
developing suitable software.
6.3. Guarantees, which are direct, explicit, irrevocable and
unconditional, are taken into consideration by Bank for
calculating capital requirement. Use of such guarantees for
capital calculation purposes is strictly as per RBI guidelines on
the subject.
6.4. Majority of financial collaterals held by the Bank are by way
of own deposits and government securities, which do not have
any issue in realization. As such, there is no risk concentration
on account of nature of collaterals.
6.5. The total exposure for disclosed credit risk portfolio (under the
standardized approach) is covered by:
92
:` +·|÷ n|
31.03.2012 31.03.2011
+) ~nª = v+º l+( ª( v·¤+
+º| ¤|lº|n ¤|º¤·|ln¤| + ln( +n
¤|lº|n :¤t| n|ª¸ t| -=+ ¤|<
-n-¤·| + =n|¬|- + ¤¸¤ ~·|¤|
¤z-|-¸| ¤| +º|-i + ¤|< ¤|·|
l¤·-i¤ =¤|lz¤+ ·|lz| ,|·| vl-·|¸- t 22306.36 19132.74
º|) ~nª = v+º l+( ª( v·¤+
+º| ¤|lº|n ¤|º¤·|ln¤| + ln(
+n ¤|lº|n :¤t| n|ª¸ t| -=+ ¤|<
-n-¤·| + =n|¬|- + ¤¸¤ ~·|¤|
¤z-|-| ¤| +º|-i + ¤|< ª|·lº¤|/
+º| ÷l·¤lº¤| ,|·| vl-·|¸- t
:¤t| ª¤·º ª¤ = ·||·-i¤ l·¤¤
¤+ ,|·| ~-nl- <i ª¤i t|| 16088.49 11873.27
ztq¤·7. ¤fa+r¸fa¤t¢r . nrª¤ ªfrº¤r¢r
¤+ +| +|: vl-·|¸l-+·º| +º| ¤|lº|n -ti t
ztq¤·8. ºfzn ¤¤ n ¤r¬rt ¬rf=rn
8.1. ·||·-i¤ l·¤¤ ¤+ ,|·| l-¬||l·- n|-+i+- n|¤- ¤zl- :~¤l¬
~|·||l·-| +| ¤+ - ¤|¤|· ¤|lº|n + ¤¸¤i v·||· +i ªº|-| + ln(
~¤-| ln¤|t ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| + ~-=|· n|-+i+-
n|¤- ¤zl- +| ¤¸º|ª¤º| ¤|n- +·- t( <l·º+|º| ~|¬|l·- ¤|lº|n
n¸-¤ :¤i(~|·| n|÷n + ln( -¤|· +· ·t| t l¤=+ +|¤|-¤¤- +i
-¤|·i -n ·ti t
8.2. ¤r¬rt ¬rf=rn ¤ f¬q ¤¸¬tna =¤+rrq fªrªrª=rt r .
:` +·|÷ n|
¬rf=rn v¢rt 31.03.2012 31.03.2011
i) ·¤|¤ <· ¤|lº|n 856.67 521.05
ii) :l+¤ºi lª·|l- ¤|lº|n 525.33 402.91
iii) l¤<z|i l¤l-n¤ ¤|lº|n
:ª¤º| =lt-| 18.00 18.00
iv) n|-+i+- ~¤l¬ <l·º+|º| +
~--ª- ¤|¤|· ¤|lº|n| + ln(
+n ¤¸¤i v·||· (i+ii+iii) 1400.00 941.96
ztq¤·-9. ¤ft¤r¬ªna ¬rf=rn
9.1. ·||·-i¤ l·¤¤ ¤+ + l<z|| l-<z||-=|· ¤+ n¸n =+-+ <l·º+|º|
:¤i~|| + ~--ª- ª¡.ºª..ººº = ¤l·-|n-ª- ¤|lº|n + ln(
¤¸¤i +| ·º|·º||¤ +· ·t| t ¤i~| + ~-=|· ª¡.ºª..º¡. +i
lª·|l- + ~-=|· ¤¸¤iª- ~¤-|| ª¤¤ .º·:.. +·|÷ t
¤+ - ~ªn ---- <l·º+|º| ~·||-¸ n|-+i+- <l·º+|º| +·- +
ln( n|:ªz|- t- ·||·-i¤ l·¤¤ ¤+ +| ~|¤<- l+¤| ·|| ~|·
·||·-i¤ l·¤¤ ¤+ - ¤i~| + ~-ª- ºi(=( +| ~l-n ~-nl-
<- -+ ¤¸¤i v·||· +| ºi(=( +| =n|-|-· -n|- +i ~-nl- <i
·|i
ztq¤·-+o. ¤f¤n ¤¤ n ª¤r¬ ªt ¬rf=rn (=r;=rt=rt¤t¤t¸
10.1. ·¤|¤ <· ¤|lº|n +| v¤-¬- ~--· l¤zn·|º| -·|| ~¤l¬ ~--·
l¤zn·|º| + n|·¤n = l+¤| ¤|-| t ¤l+ª ¤+ -·|| ºl÷ª ¤+ +
·¤|¤ <· ¤|lº|n +| l-¬|·º| +·- + ln( l-n|ti ~-·|n| ¤· ~-·
(` in crores)
31.03.2012 31.03.2011
a) For each separately disclosed
credit risk portfolio, the total
exposure (after, where
applicable, on or off balance
sheet netting) that is covered
by eligible financial collateral
after the application of haircuts. 22306.36 19132.74
b) For each separately disclosed,
the total exposure (after, where
applicable, on or off balance
sheet netting) that is covered
by guarantees/credit derivatives
(wherever specifically permitted
by RBI) 16088.49 11873.27
DF7.Securitization: Standardized Approach
Bank does not have any securitization exposure.
DF8.Market Risk in Trading Book
8.1. RBI prescribed Standardized Measurement Method (duration
based) for computation of capital charge for market risk has
been adopted by Bank. Being fully compliant with Standardized
Measurement Method as per RBI guidelines, now Bank is
preparing for the Internal Model Approach (Advanced
Approach on Market risk) based on Value at Risk (VaR) model,
which is under implementation.
8.2. The capital requirements for market risk are as under:
(` in crores)
Risk Category 31.03.2012 31.03.2011
i) Interest Rate Risk 856.67 521.05
ii) Equity Position Risk 525.33 402.91
iii) Foreign Exchange
Risk (including Gold ) 18.00 18.00
iv) Total capital charge for market
risks under Standardised
duration approach (i+ii+iii) 1400.00 941.96
DF-9. Operational Risk
9.1. As per RBI directives, the bank has been maintaining capital
for operational risk under Basic Indicator approach (BIA) w.e.f.
31.03.2008. The capital requirement as per BIA is ‘2064.27
crores as on 31.03.2012.
Bank had applied to RBI for migration to the next advanced
approach viz.”The Standardized Approach (TSA) and RBI
had permitted parallel run of TSA advising bank to continue
to maintain capital charge under BIA till such time final
permission is granted by them for TSA.
DF-10. Interest Rate Risk in the Banking Book (IRRBB)
10.1. The interest rate risk is managed through gap analysis and
duration gap analysis. Duration gap analysis is being carried
out at quarterly intervals to assess the interest rate risk of
93
both banking book and trading book. Prudential limits have
been fixed for impact on Net Interest Income (NII), Net
Interest Margin (NIM), minimum ROA & minimum duration
gap for the bank.
Behavioral studies are being done for assessing and
apportioning volatile and non-volatile portion of various non-
maturity products of both assets and liabilities.
10.2. The tools used are:
Earning Approach – (Interest rate sensitivity Statement- Net
Gaps)
Table 1: Interest rate sensitivity - net gaps
Maturity Period Gap Other Net Gap Total Net Gaps
Products* Assets as % to
(RSA-RSL) (Intt. rate) (1+2) Total
(`in crores) (`in crores) Assets
1 2 3 4 5
1-28 days -7940.67 -125.00 -8065.67 34446.02 -23%
29days - 3 months 136464.68 0.00 136464.68 182912.86 75%
>3 to 6 months -36968.14 0.00 -36968.14 21100.27 -175%
>6 to 12 months -66925.11 0.00 -66925.11 13300.31 -503%
>1 to 3 yrs. -100904.58 0.00 -100904.58 66774.43 -151%
>3 to 5 yrs. 10560.77 0.00 10560.77 24757.94 43%
Over 5 years 61387.78 0.00 61387.78 79360.87 77%
* Other products include: FRAs, Swaps, Futures, Options & other derivatives
The repricing assumptions on assets and liabilities are taken
as per RBI guidelines. The floating rate advances are assumed
to be repriced in 29 days to 3 months.
Earning at Risk: Impact of 0.5 % change upward/downward
in interest rate on NII/NIM
(` in crores)
Remaining Period Estimated impact on NII with
adverse change in rate of interest
by 0.50%
Up to 6 months ` 186.70 cr.
Up to 1 year ` 331.60 cr.
10.2.2 Economic Value Approach:
The impact of change in rate of interest on the economic
value of assets and liabilities is studied under this approach.
The impact of change in interest rate by 200 bps on the
capital fund is assessed on regular intervals through duration
gap method. As a prudential measure a limit has been
fixed for net duration gap of the assets and liabilities and
the same is monitored at regular intervals.
l¤zn·|º| l+¤| ¤|-| t l-¤n ·¤|¤ ~|¤-~|:~|:| l-¤n
·¤|¤ n|l¤--~|n| -¤¸--n ~|·~|( -·|| ¤+ + ln( -¤¸--n
~¤l¬ ~--· ¤· v·||¤ + ln( l¤¤+i =in|( l-¬|l·- +i ª: t
v¤l·-¤| + ~·¤¤- n +º| + ¤¸¤ ·|ª-|- n l-lt- l¤+-¤ +|
v·||¤ ¤-|¤| ¤|-| t ~|lª-¤| -·|| <¤-|~| <|-| + ~lª·|· (¤
lª·|· ·||ª| +| l-¬|·º| +·- + ln( --+i v¤l-|¤| +| ~·¤¤-
l+¤| ¤|-| t
10.2. =¤ªrq ¬rª ¤r¬ att¤ fªrª¤a¸ r .
~¤- <l·º+|º| :·¤|¤<· =¤<-z|in-| l-¤n ~--·)
-|ln+| ¡: ·¤|¤<· =¤<-z|in-| l-¤n ~--·
¤ft¤¤¤ar =-at =¤f¤ =-¤ fª¤¬ ¤ ¬ ¤ ¬
(=rtq=q- s-¤rª* =at =rfta¤r =rfta¤r
=rtq=q¬¸ (ª¤r¬ªt¸ (1+2) n fª¤¬
(` ¤trz n¸ (` ¤trz n¸ = at
1 2 3 4 5
¡..º l<- -7940.67 -125.00 -8065.67 34446.02 -23%
.º l<- ª n|t 136464.68 0.00 136464.68 182912.86 75%
ª = > · n|t -36968.14 0.00 -36968.14 21100.27 -175%
· = > ¡. n|t -66925.11 0.00 -66925.11 13300.31 -503%
¡ ¤·| = > ª ¤·| -+ -100904.58 0.00 -100904.58 66774.43 -151%
ª ¤·| = > · ¤·| -+ 10560.77 0.00 10560.77 24757.94 43%
· ¤·| = ~l¬+ 61387.78 0.00 61387.78 79360.87 77%
* ~-¤ -·¤|<| n =l-nln- t · ¤|¤<| <· +·|·¤· ~|· (| ~<n| ¤<ni :ª¤|¤| ·||¤i
=|< :+¤¸-=| l¤+-¤ :~|-z|=| -·|| ~-¤ ·¤·¤-- :÷l·¤lº·=|
~|lª-¤| ~|· <¤-|~| ¤· ¤-n¸-¤ l-¬|·º| + ~-n|- ·||.l·.¤ +
n|ªl-<z|| + ~-=|· l+¤ ¤|- t +n|lºª <· ~lªn| + =¤z n
(=| n|-| ¤|-| t l+ --+| ¤-n¸-¤ l-¬|·º| .º l<- = ª nti- +
·|i-· t|ª|
¤| lº|n ~¤ -(-~|: ~|: /(-~|: (n ¤· ·¤|¤<· n º.··
-·¤nº|i/~·||nº|i ¤l·¤-- +| ¤·||¤
:` +·|÷ n|
rrrr =¤f¤ o.sx ¤t ªt = =¤rn=rt ª¤r¬ ªt
¤ ¤ft¤aª ¤ =rºr qª=r;=r; ¤t
¤-¤rfrra ¬r+r
· n|= -+ ` 186.70 +·|÷
¡ ¤·| -+ ` 331.60 +·|÷
10.2.2 =rfºr¤ n¸r¤ ªfrº¤r¢r
~|l·|+ n¸-¤ ~·||-¸ ~|l·|+ n¸-¤ ¤· ·¤|¤ <· n .ºº ¤i¤i(= +i
·¤|¤<· n ¤l·¤-- + +|·º| ¤¸¤iª- l-l¬ ¤· t|- ¤|n v·||¤ +|
~¤l¬ ~-· ¤zl- + n|·¤n = l-¤ln- ~-·|n ¤· n¸-¤|+-
l+¤| ¤|-| t ¤l·=¤l·- (¤ <¤-|~| + z|z ~¤l¬ ~-· + ln(
=in| +i l¤¤+¤¸º| z|ni l-¬|l·- +i ª: t ~|· l-¤ln- ~-·|n
¤· := n|l-º· l+¤| ¤|-| t
94
+. fªnfna rrr=ª ¤r ªrrª rrrt·r
¤+ ,|·| l¤l-¤|n+ ~¤-||~| +| ¤|n- +·- t( z|¤·¬|·+| + n¸-¤|+- n ~l¬+-n ¤lz (¤ --+ lt-| +i =·-|| + ln( --|·<|l¤·¤ ¤|·<lz|-|
-l-+ n¸-¤| =|n|l¤+ <|l¤·¤ v-|n- +|¤+z|n-| ~l¬+-n +|·|¤|·i ·¤¤t|·| + --- n|-+| +| ~-¤|n- +·- t( l-ªln- z||=- =l-lz--
l+¤| ¤|-| t
z.+ fªªrr¤ n¢z¬
¤|÷ +| ªa- ¤++|·i +-¤-i :-¤+n| +| ~¤- ~|· ~--·º|| ~l·|l-¤n ¡ºº +i ¬|·| º:ª| + ~-=|· l+¤| ª¤| t
z.z s+.os.zo+z ¤ =ª=rt fªªrr¤ nz¬ ¤t =t¤ªr
a. fªªrr¤ ¤r ªrn fª¤f¤a v¢rt ¤¤ ¤ ¤rz ¤t ¤¤ ¤ =-¤ fªªrr¤
=. ¤t fafºr s¤=fnfa¤r ¤rz ¤t ¤r¤fª¤r n çrtr ªrrfta
n =ªt¤ar s¤=fnfa¤r ¬=rr¤tt+rr rr¤tr
¤t =ª¤+rar =fnfa q¤ rr¤t ¤t =.
ªrrt¤r.fª¤rr¤r
¤t frr¤r¤a
=fnfa ¤t
=ª¤+rar.
=ªt¤ar
1. >i +.~|·. +|n- 28.10.2009 +|¤¤|n+ 8 8 1 z|¸-¤
~·¤-| (¤ v¤-·| l-<z|+
2. >i ·|+z| =ai 01.01.2011 +|¤¤|n+ 14 5 z|¸-¤ z|¸-¤
+|¤ ¤|n+ l-< z|+
3. >in-i -·|| ~--=¤ nº¤- 19.07.2011 +|¤¤|n+ 14 z|¸-¤ z|¸-¤ z|¸-¤
+|¤ ¤|n+ l-< z|+
4. >i ~-·|ª ¤ - 03.08.2011 ª · +|¤ ¤|n+ :·||·- =·+|· + -|ln-i| 8 1 z|¸-¤ z|¸-¤
5. >i ¤=¤i· l= t 30.07.2010 ª · +|¤ ¤|n+ :·||·-i¤ l·¤¤ ¤ + + -|ln-i| 5 z|¸-¤ z|¸-¤ z|¸-¤
6. >i ¤i ¤i -| ·|·i 23.09.2011 ª· +|¤¤|n+ :·||·- =·+|· ,|·| l-¤+- -|º÷ ~+|-ºº| 8 2 z|¸-¤ z|¸-¤
7. >i nz-|+ ( ~-n 20.05.2011 ª · +|¤ ¤|n+ :·||·- =·+|· ,|·| l-¤+-| 6 z|¸-¤ z|¸-¤ z|¸-¤
8. >i (n ¤i l= t 28.01.2010 ª · +|¤ ¤|n+ :+n -|·i -|ln-i l-<z|+| 5 z|¸-¤ z|¸-¤ z|¸-¤
9. >i v<i¤ +n|· 15.02.2010 ª · +|¤ ¤|n+ :~l·|+|·i -|ln-i l-<z|+| 5 z|¸-¤ z|¸-¤ z|¸-¤
10. >i (n (- ª|¤i-|·| 21.03.2012 ª · +|¤ ¤|n+ :z|¤··||·+ l-<z|+| 4 z|¸-¤ 2 500
11. >i ÷i + l=ªn| 21.03.2012 ª · +|¤ ¤|n+ :z|¤··||·+ l-<z|+| 4 z|¸-¤ z|¸-¤ 300
12 ÷|. =-in ª--| 21.03.2012 ª · +|¤ ¤|n+ :z|¤··||·+ l-<z|+| 3 z|¸-¤ 1 300
-|º · l+=i ·|i l-<z|+ +| ~|¤= n =¤¬ -ti t
z.s f¤-rt¤ ¤rr zo++-+z n =r¤rf¬a ¤a¤r ¤r ª¤rtr
a.=. ¤a¤ ¤t fafºr ¤rz n fªªrr¤r ¤t ¤¬ ==¤r ¤a¤ n s¤ftºra fªªrr¤r ¤t ==¤r
1. 04.05.2011 11 11
2. 31.05.2011 12 11
3. 27.06.2011 12 11
4. 27/28.07.2011 12 11
5. 13.08.2011 12 10
6. 06.09.2011 12 11
7. 26.09.2011 13 13
8. 31.10. / 01.11.2011 13 12
9. 30.11.2011 13 13
10. 23.12.2011 12 10
11. 30/31.01.2012 9 9
12. 22.02.2012 9 8
13. 21.03.2012 12 12
fuxfer 'kklu dh fjiks VZ
Report on Corporate Governance
95
1. Corporate Governance Philosophy
Corporate Governance is ensured by the Bank by adhering to high standards of accountability, transparency, social responsiveness,
operational efficiencies, best ethical business practices for maximizing the shareholders' value and to protect the interests of all
stakeholders besides complying with the Regulatory requirements.
2.1 Board of Directors
The Board is constituted in accordance with Section 9(3) of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
2.2 Composition of the Board of Directors as on 31.3.2012
S. Name of Director Date of Category Membership Chairmanship Chairmanship / No. of Shares
No. Appointment of Sub- of Sub- Membership held by
Committees Committees of Audit Director
of Board of Board of Committee and
of the Bank the Bank Share-holders' /
Investors' Grievance
Committee in
other Companies
1. Sh. K.R. Kamath 28.10.2009 Executive 8 8 1 Nil
Chairman & Managing Director
2. Sh. Rakesh Sethi 01.01.2011 Executive 14 5 Nil Nil
Executive Director
3. Smt. Usha Ananthasubramanian 19.07.2011 Executive 14 Nil Nil Nil
Executive Director
4. Sh. Anurag Jain 03.08.2011 Non-Executive (GoI Nominee) 8 1 Nil Nil
5. Sh. Jasbir Singh 30.07.2010 Non-Executive (RBI Nominee) 5 Nil Nil Nil
6. Sh. B. B. Chaudhry 23.09.2011 Non-Executive (GoI appointed CA category) 8 2 Nil Nil
7. Sh. Mushtaq A. Antulay 20.05.2011 Non- Executive (Appointed by GoI) 6 Nil Nil Nil
8. Sh. M.P. Singh 28.01.2010 Non-Executive (Workmen Nominee Director) 5 Nil Nil Nil
9. Sh. Pradeep Kumar 15.02.2010 Non-Executive (Officers Nominee Director) 5 Nil Nil Nil
10. Sh. M. N. Gopinath 21.03.2012 Non- Executive (Share-holder Director) 4 Nil 2 500
11. Sh. D.K. Singla 21.03.2012 Non- Executive (Share-holder Director) 4 Nil Nil 300
12 Dr. Sunil Gupta 21.03.2012 Non- Executive (Share-holder Director) 3 Nil 1 300
Note: None of the Directors is related inter-se.
2.3 Details of meetings held during the Financial Year 2011-12
S. No. Date of the Meeting Total No. of Directors on the Board No. of Directors Present in the meeting
1. 04.05.2011 11 11
2. 31.05.2011 12 11
3. 27.06.2011 12 11
4. 27/28.07.2011 12 11
5. 13.08.2011 12 10
6. 06.09.2011 12 11
7. 26.09.2011 13 13
8. 31.10. / 01.11.2011 13 12
9. 30.11.2011 13 13
10. 23.12.2011 12 10
11. 30/31.01.2012 9 9
12. 22.02.2012 9 8
13. 21.03.2012 12 12
96
2.4 Details of meetings & last Annual General Meeting (AGM)
attended by member-Directors during the Financial Year
2011-12
S. Name of Director No. of No. of Attendance
No. Meetings Meetings in last
held attended AGM
during the held on
tenure 27.06.2011
1. Sh. K. R. Kamath 13 13 Yes
2. Sh. M. V. Tanksale* 3 3 Yes
3. Sh. Rakesh Sethi 13 13 Yes
4. Smt. Usha Ananthasubramanian 10 10 N.A.
5. Smt. Ravneet Kaur** 4 2 No
6. Sh. Anurag Jain 9 7 N.A.
7. Sh. Jasbir Singh 13 11 No
8. Sh. B. B. Chaudhry 7 7 N.A.
9. Sh. Mushtaq A. Antulay 12 12 Yes
10. Sh. V. K. Mishra*** 9 9 Yes
11. Sh. T. N. Chaturvedi**** 10 7 Yes
12. Sh. D. K. Singla # 11 11 Yes
13. Sh. G. R. Sundaravadivel**** 10 10 Yes
14. Sh. M. P. Singh 13 12 Yes
15. Sh. Pradeep Kumar 13 13 Yes
16. Sh. M. N. Gopinath 1 1 N.A.
17 Dr. Sunil Gupta 1 1 N.A.
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India..
**Ceased to be Director w.e.f. 03.08.2011.
***Ceased to be Director w.e.f. 05.12.2011.
****Ceased to be Directors w.e.f. 27.12.2011
# Ceased to be Director w.e.f. 27.12.2011 and re-elected Shareholder Director w.e.f.
21.03.2012
2.5 Profile of Directors appointed during the Financial Year
2011-12.
Smt. Usha Ananthasubramanian
Government of India appointed Smt. Usha Ananthasubramanian,
M.Sc. & M.A., as Executive Director of the Bank w.e.f. 19.07.2011
up to 18.07.2016 or until further orders whichever is earlier. She
has more than 29 years of experience in Banking and 1½ years in
Insurance business. She was General Manager of Bank of Baroda
before appointment as Executive Director of the Bank.
Sh. Anurag Jain
Government of India appointed Sh. Anurag Jain as GoI Nominee
Director (Non-Executive) of the Bank w.e.f. 03.08.2011 until further
orders. He is B. Tech (Hons.) and holder of Master's degree in
Personnel Administration. He has experience of 25 years in
administrative services.
Sh. B. B. Chaudhry
Government of India appointed Sh. B.B. Chaudhry as Non-Executive
Director under Chartered Accountant Category of the Bank for a
period of 3 years w.e.f. 23.09.2011 up to 22.09.2014 or until further
orders whichever is earlier. He is B.Com, FCA, and practicing
Chartered Accountant since last 35 years. He has expertise in
Financial Management, Audit & Tax Advisory matters.
z.+ f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª ¤a¤r aºrr na ¤rfrr¤ =rn ¤a¤
n =ªt¤-fªªrr¤r ¤ s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤rr ¤ f¬aªt f¤ø¬t
=. ªrtrª ¤a¤r n =rn ¤rfrr¤
=r¤rf¬a s¤ftºra ¤a¤ n
¤a¤r rq s¤ftºrfa
¤t ==¤r 27.06.2011
1. >i +.~|·. +|n- 13 13 t|
2. >i (n.¤i. º|+=|n* 3 3 t|
3. >i ·|+z| =ai 13 13 t|
4. >in-i -·|| ~--=¤ nº¤- 10 10 n|ª¸ -ti
5. >in-i ·¤-i- +| ·** 4 2 -ti
6. >i ~-·|ª ¤ - 9 7 n|ª¸ -ti
7. >i ¤=¤i· l= t 13 11 -ti
8. >i ¤i.¤i. -| ·|·i 7 7 n|ª¸ -ti
9. >i nz-|+ ( ~-n 12 12 t|
10. >i ¤i.+. ln>|*** 9 9 t|
11. >i ºi.(-. --¤<i**** 10 7 t|
12. >i ÷i.+. l=ªn|
#
11 11 t|
13. >i ¤i.~|·. =-<·|¤|÷i¤n**** 10 10 t|
14. >i (n.¤i. l=t 13 12 t|
15. >i v<i¤ +n|· 13 13 t|
16. >i (n.(-. ª|¤i-|·| 1 1 n|ª¸ -ti
17 ÷|. =-in ª--| 1 1 n|ª¸ -ti
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ºª.ºº..º¡¡ = l-<z|+ -ti t
*** º·.¡...º¡¡ = l-<z|+ -ti t
**** ..¡...º¡¡ = l-<z|+ -ti t
#
..¡...º¡¡ = l-<z|+ -ti t ~| · .¡.ºª..º¡. = z|¤··||·+ l-<z|+ l-¤| l-- t( t
z.s f¤-at¤ ¤rr zo++-+z ¤ ªrtrª fª¤¤a fªªrr¤r ¤r ¤r¤·r;¬
vtnat srrr =ªa=¤o¢¤ª
·||·- =·+|· - >in-i -·|| ~- -= ¤ nº¤- (n.(=.=i -·|| (n.(. +| ¡º.º..º¡¡
= ¡º.º..º¡· -+ ~·|¤| ~|ª|ni ~|< z|| -+ ¤| ·|i ¤tn t| + ln( ¤ +
+| +|¤ ¤|n+ l-< z|+ l-¤ +- l+¤| t --t ¤ l+ ª n .º ¤·| = ~l·|+ ~| ·
¤in| +|·| ¤|· n ÷ · ¤·| +| ~- ·|¤ t tn|· ¤ + n +|¤ ¤|n+ l-< z|+
l-¤ +- t| - = ¤tn ¤t ¤ + ~| ¤· ¤÷ | <| n nt|v¤-·|+ ·|i
vt =ªtrn ¬ª
·||·- =·+|· - ºª.ºº..º¡¡ = ~|ª|ni ~|<z|| -+ >i ~-·|ª ¤- +| ·||·-
=·+|· + -|ln-i l-<z|+ :ª· +|¤¤|n+| + ª¤ n l-¤+- l+¤| t ¤
¤i.º+ :~|-=| ~|· +|ln+ vz||=- n ª-|-+|·-· l÷ªi·||·+ t --t
vz||=l-+ =¤|~| n .· ¤·| +| ~-·|¤ t
vt ¤t ¤t ¤rªrtt
·||·- =·+|· - ¤+ + =-<i nº||+|· >º|i + ~-ª- >i ¤i ¤i -|·|·i +|
.ª.ºº..º¡¡ = ...ºº..º¡: -+ -i- ¤·| +i ~¤l·| + ln( ~·|¤| ~|ª|ni
~|<z|| -+ ¤| ·|i ¤tn t| + ln( ¤+ + ª· +|¤¤|n+ l-<z|+ + ª¤
n l-¤+- l+¤| t ¤ ¤i.+|n (¤·=i( l÷ªi·||·+ t ~|· l¤¤n ª· ¤·| =
=-<i nº||+|· + ª¤ n vl+º= +· ·t t ¤ l¤·-i¤ v¤-·|- nº||¤·i-||
¤ +· ¤·|nz| + n|nn| n l¤z|·|a t
97
Sh. M. N. Gopinath
Sh. M. N. Gopinath, B.Com., MBA & CAIIB, was elected as
Shareholder Director of the Bank w.e.f. 21.03.2012 upto 20.03.2015.
He has 35 years of Banking and 2 years of Non-Banking experience.
Sh. D. K. Singla
Sh. D. K. Singla, B. Com., FCA, was re-elected as Shareholder
Director of the Bank w.e.f. 21.03.2012 up to 20.03.2015. He was
earlier share holder director of the bank during the period from
27.12.2008 to 26.12.2011. He is practicing Chartered Accountant,
having more than 22 years experience in Audit, Income Tax, Service
Tax of Banks, Govt. Corporations, MNCs etc. He is also director of
CITCO and member of Ethical Standards Board-ICAI and has been
director of PNB Gilts Ltd. and Member of Committee on Public
Finance and Govt. Accounting - ICAI, Smaller Committee of
MARKFED, Audit Committee of Institute for Auto Parts Technology
and Research & Development Centre for Bicycle & Sewing Machine.
Dr. Sunil Gupta
Dr. Sunil Gupta was elected as Shareholder Director of the Bank
w.e.f. 21.03.2012 up to 20.03.2015. He is B. Com., FCA, FICWA
& Ph.D. He is practicing Chartered Accountant since 1991 and
having experience in statutory / concurrent audit of various
nationalized and private sector banks. He has also worked as Stock
Auditor, Income & Expenditure and Revenue Auditor of large PSUs
and Nationalised Banks.
3. Sub-Committees of the Board
The main sub-Committees of the Board are as under:-
3.1 Audit Committee of the Board (ACB)
The Audit Committee of the Board (ACB) has been constituted
by the Bank as per the guidelines of Reserve Bank of India/
Government of India and Listing Agreement with Stock Exchanges.
Functions:
The main functions of the Committee are as under:-
• Providing direction and overseeing the total audit
function of the Bank and follow up on the statutory/
external audit of the Bank and inspections of RBI.
• To interact with Statutory Central Auditors in respect of
approval of quarterly/half yearly/nine monthly/annual
Financial Statements and Reports and also follow up on
all the issues raised in the Long Form Audit Report.
• To review the internal inspection/Audit functions of the
Bank - the systems, its quality and effectiveness in terms
of follow up.
• Review of inspection reports of Specialized and Extra Large
Branches and all the branches with unsatisfactory ratings.
• To act as per provisions of the Listing Agreement and in
line with the RBI guidelines.
The Company Secretary acts as Secretary to the Committee.
vt qn qª nr¤tªrºr
>i (n (- ª|¤i-|·| ¤i.+|n (n¤i( -·|| =i(~|:~|:¤i +| .¡.ºª..º¡.
= .º.ºª..º¡· -+ + ln( ¤+ + z|¤··||·+ l-<z|+ + ª¤ n --| ª¤|
t --t ¤l+ª +| ª· ¤·| ~|· ª·¤l+ª +| . ¤·| +| ~-·|¤ t
vt zt ¤ f=n¬r
>i ÷i + l= ªn| ¤i +| n (¤·=i( +| .¡.ºª..º¡. = .º.ºª..º¡· -+
+ ln( ¤ + + z| ¤··||·+ l-< z|+ + ª¤ n ¤ -· l-¤| l-- l+¤| ª¤| t
¤ ¤tn ..¡...ººº = .·.¡...º¡¡ -+ +i ~¤l·| + <| ·|- ¤ + +
z| ¤··||·+ l-< z|+ ·| ¤ =-<i n º||+|· t ~| · --t ¤ +| =·+|·i
l-ªn| (n(-=i :·¤|l< n n º|| ¤·i-|| ~|¤+· = ¤|+· n .. ¤·| =
~l·|+ +| ~- ·|¤ t ¤ =iº+| :CITCO| + ·|i l-< z|+ t ~| ·
( ·|i+n ªº -÷÷ ¤| ÷ ~|: =i(~|: + =<ª¤ t ~| · ¤i(-¤i lª-º= ln.
+ l-< z|+ ·t t ~| · ¤l·n+ ¤·|: - = ¤ n| + l¤·- (¤ =·+|·i
n º||~|: =i(~|: =lnl- n|+ ¤· ÷ +i n·| =lnl- ~| º| ¤|º= º +-| n| ¤i
= ª·||- +i ~| l÷º =lnl- -·|| =|: +n ~| · l=n|: nz|i- + ln(
~- = ·||- (¤ l¤+|= + -: + =<ª¤ t
zr. =ªt¬ ntar
÷|. =-in ª--| +| .¡.ºª..º¡. = .º.ºª..º¡· -+ + ln( ¤+ +
z|¤··||·+ l-<z|+ + ª¤ n l-¤|l-- l+¤| ª¤| t ¤ ¤i +|n (¤·=i(
(¤·~|:=i÷·-¤¸( ~|· ¤i(-÷i t ¤ ¡ºº¡ = =-<i nº||+|· + ª¤ n
vl+º= +· ·t t ~|· --t l¤l·|-- ·|·ºi¤ ~|· l-¤i -|·| + ¤+| +
=|l¤l·|+ =n¤-i nº|| ¤·i-|| +| ~-·|¤ t --t|- ¤t-¸ =|¤¤l-+ -|·| +
=ª·||- ~|· ·|·ºi¤|- ¤+| + ~|¤ (¤ ·¤¤ ¤ ·|¤ª¤ nº|| ¤·i-|+ ªº|+
nº|| ¤·i-|+ + ª¤ n ·|i +|¤ l+¤| t
s. ¤rz ¤t s¤ =fnfa¤r
¤|÷ +i nº¤ -¤ =lnl-¤| l---lnlº|- t ·
s.+ ¤rz ¤t ¬=rr-¤tt+rr =fnfa (q.=t.¤t.¸
·||·-i¤ l·¤¤ ¤+/·||·- =·+|· + l<z|| l-<z|| ~|· ªº|+ (+=-¤
+ =|·| =¸-i¤z +·|· + ~-=|· ¤+ ,|·| ¤|÷ +i nº||¤·i-|| =lnl-
.=i.¤i.| +| ªa- l+¤| ª¤| t
¤r¤.
=lnl- + nº¤ +|¤ l---lnlº|- t ·
• l-<z| <-| (¤ ¤+ + =nª nº|| ¤·i-|| +|¤| +i l-ª·|-i ¤
¤+ +i =|l¤l·|+/¤|n nº|| ¤·i-|| +|¤| (¤ ·||·-i¤ l·¤¤ ¤+
+ l-·i-|º| + =¤·| n ~-¤-i +|·¤|: +·-|
• l-n|ti/ ¤n|ti/-| n|ti/¤|l·| +/l¤-|i¤ ªº ºn º| ¤ l·¤| º| + ~- n| <-
+ =¤·| n +-:i¤ =|l¤l·|+ nº|| ¤·i-|+| = l¤-|·l¤nz|
+·-| (¤ 'n|ª ¤·|n ~|l÷º l·¤|º' n -a|¤ ª¤ =nª- n|nn|
¤· ~-¤-i +|·¤|: +·-|
• ¤+ + ~|-l·+ l-·i-|º|/nº||¤·i-|| =¤·|i +|¤| ~-¤-i
+|·¤|: + ª¤ n vº||ni ªº|¤-|| (¤ v·||¤z|in-| +i =ni-||
+·-|
• l¤lz|·º (¤ ~=|·||·º| ª¤ = ¤÷i z||º||~| ¤ ~=-|·|¤-+
·lºª ¤|ni z||º||~| +i l-·i-|º| l·¤|º| +i =ni-|| +·-|
• =¸-i+·º| +·|· + v|¤·||-| + ~-=|· (¤ ·||·-i¤ l·¤¤ ¤+
+ l<z||l-<z|| + ~-ª¤ +|¤ +·-|
+-¤-i =l-¤ =lnl- + =l-¤ + ª¤ n +|¤ +·-| t
98
Composition as on 31.3.2012
1. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
(Chairman of the Committee)
2. Sh. Rakesh Sethi - Executive Director
3. Smt. Usha - Executive Director
Ananthasubramanian
4. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
5. Sh. Jasbir Singh - Non-executive Director
(RBI Nominee)
6. Sh. Mushtaq A. Antulay - Non-Executive Director
(GoI appointed)
7. Sh. D. K. Singla - Non-Executive Director
(Shareholder Director)
Details of meetings held during the Financial Year 2011-12
S. Date of the Meeting Total No. of No. of Directors
No. Directors of the present in the
Committee Meeting
1. 13.04.2011 6 4
2. 04.05.2011 6 6
3. 31.05.2011 6 5
4. 28.07.2011 6 5
5. 13.08.2011 6 5
6. 06.09.2011 6 4
7. 31.10./01.11.2011 7 5
8. 23.12.2011 7 5
9. 31.01.2012 6 5
10. 22.02.2012 6 6
11. 21.03.2012 6 5
Details of Audit Committee meetings attended by member-
Directors during the Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. B. B. Chaudhry 5 5
2. Sh. Rakesh Sethi 11 11
3. Smt. Usha
Ananthasubramanian 8 8
4. Sh. M. V. Tanksale* 3 3
5. Sh. Anurag Jain 7 3
6. Smt. Ravneet Kaur** 4 1
7. Sh. Jasbir Singh 11 9
8. Sh. Mushtaq A. Antulay 3 3
9. Sh. T. N. Chaturvedi*** 8 4
10. Sh. G. R. Sundaravadivel*** 8 8
11. Sh. D. K. Singla Nil Nil
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 03.08.2011
*** Ceased to be Directors w.e.f. 27.12.2011
3.2 Management Committee (MC)
Management Committee has been constituted in terms of Clause
13 of The Nationalised Banks (Management & Miscellaneous
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ¤i ¤i -|·|·i ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·|
-|º÷ ~+|-ºº >º|i n l-¤+-|
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i ~-·|ª ¤- ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· -|ln-i|
·. >i ¤=¤i· l=t ª· +|¤¤|n+ l-<z|+
:·||.l·.¤+ -|ln-i|
·. >i (n.(. ~-n ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· -|ln-i|
. >i ÷i.+. l=ªn| ª· +|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
l¤·-i¤ ¤·| .º¡¡¡. + <|·|- ~|¤|l¤- ¤a+| + ·¤|· ·
a. ¤a¤ ¤t artt=r =fnfa n ¤a¤ n
=. fªªrr¤r ¤t s¤ftºra fªªrr¤r
¤¬ ==¤r ¤t ==¤r
1. 13.04.2011 6 4
2. 04.05.2011 6 6
3. 31.05.2011 6 5
4. 28.07.2011 6 5
5. 13.08.2011 6 5
6. 06.09.2011 6 4
7. 31.10./01.11.2011 7 5
8. 23.12.2011 7 5
9. 31.01.2012 6 5
10. 22.02.2012 6 6
11. 21.03.2012 6 5
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =ªt¤ fªªrr¤r çrtr ¤a¤r n +rrn ¬ª
=r¤ªrt f¤¤t¢r
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¤aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i ¤i ¤i -| ·|·i 5 5
2. >i ·|+z| =ai 11 11
3. >in-i -·||
~--=¤nº¤- 8 8
4. >i (n ¤i º|+=|n* 3 3
5. >i ~-·|ª ¤ - 7 3
6. >in-i ·-¤i- +| ·** 4 1
7. >i ¤=¤i· l= t 11 9
8. >i nz-|+ (. ~-n 3 3
9. >i ºi (- --¤ <i*** 8 4
10. >i ¤i.~|·. =-<·¤|÷i¤n*** 8 8
11. >i ÷i.+. l=ªn| z|¸-¤ z|¸-¤
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ºª.ºº..º¡¡ = l-<z|+ -ti t
*** ..¡...º¡¡ = l-<z|+ -ti t
s.z ¤¤-ªrª =fnfa (qn=t¸
·|·ºi¤|- ¤+| :v¤-·|- (¤ l¤l¤·| v|¤·||-|| ¤|¤-| ¡ºº +i ·||·|
¡ª +i z|-|-=|· v¤-·|- =lnl- +| =ªa- l+¤| ª¤| t =lnl-
99
Provisions) Scheme, 1970. The Committee considers following
matters which are beyond the discretionary powers of CMD:-
a) Sanctioning of credit proposals (funded & non funded),
b) Loan compromise/write-off proposals,
c) Proposal for approval of capital and revenue expenditure,
d) Proposals relating to acquisition and hiring of premises
including deviation from norms for acquisition and hiring
of premises,
e) Filing of suits/appeals, defending them etc.
f) Investments in Government and other approved securities,
shares and debentures of companies including underwriting,
g) Donations,
h) Any other matter referred by the Board.
Composition as on 31.3.2012
1. Sh. K. R. Kamath Chairman & Managing Director
(Chairman of the Committee)
2. Sh. Rakesh Sethi Executive Director
3. Smt. Usha Executive Director
Ananthasubramanian
4. Sh. Jasbir Singh Non-Executive Director
(RBI Nominee)
5. Sh. B. B. Chaudhry Non-Executive Director
(GoI appointed CA category)
6. Sh. Pradeep Kumar Non-Executive Director
(Officers Nominee Director)
7. Sh. M. P. Singh Non-Executive Director
(Workmen Nominee Director)
8. Sh. Mushtaq A. Antulay Non-Executive Director
(GoI Nominee Director)
Details of meetings held during the Financial Year 2011-12
Sl. Date of Total No. of Directors No. of Directors
No. Meeting of the Committee present in the Meeting
1. 13.04.2011 7 6
2. 04.05.2011 7 7
3. 30.05.2011 7 6
4. 13.06.2011 7 6
5. 27.06.2011 7 6
6. 14.07.2011 7 6
7. 27.07.2011 7 7
8. 12.08.2011 7 5
9. 05.09.2011 7 7
10. 26.09.2011 7 7
11. 14.10.2011 8 8
12. 31.10.2011 8 8
13. 30.11.2011 8 8
14. 23.12.2011 8 8
15. 29.12.2011 8 7
16. 30.01.2012 8 8
17. 21.02.2012 8 8
18. 21.03.2012 8 8
19. 28.03.2012 8 8
l---lnlº|- n<| ¤|l+ =i(n÷i + l¤¤+|·|i- ~l·|+|·| = ¤· t ¤·
l¤-|· +·-i t
+. +º| vª-|¤| +i ª¤i|l- :l-l·| (¤ ª· l-l·||
º|. +º| =n¤|-|/¤¤ º||- vª-|¤
ª. ¤¸¤i ~|· ·|¤ª¤ º|- + ~-n|<-|·| vª-|¤
·|. ¤l·=·| +| ~l·|ªtº| (¤ l+·|( ¤· n- + n|-<÷| n l¤-n-
=¤·|i vª-|¤
÷ n+<n|/~¤in <|¤· +·-| --+| ¤-|¤ +·-| :·¤|l<
-. =·+|·i (¤ ~-¤ ~-n|l<- vl-·|¸l-¤| +¤l-¤| + ~z|¤·|| ~|·
+º| ¤·|| n l-¤z| (¤ ~÷··|:lºª
¤. <|-
¤. ¤|÷ ,|·| vl·|- ~-¤ +|: n|nn|
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i + ~|· +|n- ~·¤-| (¤ v¤-·| l-<z|+
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i ¤=¤i· l=t ª·+|¤¤|n+ l-<z|+
:·||.l·.¤+ -|ln-i|
·. >i ¤i.¤i. -|·|·i ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·| -|º÷
~+|-ºº >º|i n l-¤+-|
·. >i v<i¤ +n|· ª· +|¤¤|n+ l-<z|+
:~l·|+|·i -|ln-i l-<z|+|
. >i (n.¤i. l=t ª· +|¤¤|n+ l-<z|+
:+n-|·i -|ln-i l-<z|+|
º. >i (n.(. ~-n ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· -|ln-i|
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r ¤r f¤¤t¢r
a. ¤a¤ ¤t =fnfa ¤ ¤a¤r n s¤ftºra
=. fafºr ¤¬ fªªrr¤ rq fªªrr¤
1. 13.04.2011 7 6
2. 04.05.2011 7 7
3. 30.05.2011 7 6
4. 13.06.2011 7 6
5. 27.06.2011 7 6
6. 14.07.2011 7 6
7. 27.07.2011 7 7
8. 12.08.2011 7 5
9. 05.09.2011 7 7
10. 26.09.2011 7 7
11. 14.10.2011 8 8
12. 31.10.2011 8 8
13. 30.11.2011 8 8
14. 23.12.2011 8 8
15. 29.12.2011 8 7
16. 30.01.2012 8 8
17. 21.02.2012 8 8
18. 21.03.2012 8 8
19. 28.03.2012 8 8
100
Details of meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. K. R. Kamath 19 19
2. Sh. M. V. Tanksale* 5 5
3. Sh. Rakesh Sethi 19 19
4. Smt. Usha Ananthasubramanian 13 13
5. Sh. Jasbir Singh 19 15
6. Sh. T.N. Chaturvedi** 8 7
7. Sh. G. R. Sundaravadivel*** 10 10
8. Sh. M. P. Singh 16 14
9. Sh. Pradeep Kumar 7 7
10. Sh. V. K. Mishra**** 5 5
11. Sh. B. B. Chaudhry 9 9
12. Sh. Mushtaq A. Antulay 9 9
13. Sh. D. K. Singla# 2 2
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be member w.e.f. 27.08.2011
*** Ceased to be member w.e.f. 01.10.2011
**** Ceased to be Director w.e.f. 05.12.2011
# Ceased to be Director on 27.12.2011 & re-elected w.e.f. 21.03.2012.
3.3. Credit Approval Committee (CAC) (New)
Functions:
The Credit Approval Committee exercises the powers of the
Board with regard to:
Each credit proposal up to Rupees Four Hundred Crore in case
of "A" category Banks having business of rupees three lakh
crore or more.
Composition as on 31.03.2012
Sh. K. R. Kamath Chairman & Managing Director
(Chairman of the Committee)
Sh. Rakesh Sethi Executive Director
Smt. Usha Ananthasubramanian Executive Director
General Manager Finance
General Manager Credit
General Manager Risk Management
General Manager IBD
Details of meetings of Credit Approval Committee held from
13.02.12 to 31.03.12 and attended by Directors
S. Date of Meeting Total strength of No. of Directors
No. Directors present in the meeting
1. 13.02.2012 3 3
2. 21.02.2012 3 3
3. 27.02.2012 3 3
4. 05.03.2012 3 3
5. 13.03.2012 3 3
6. 19.03.2012 3 3
7. 26.03.2012 3 3
8. 29.03.2012 3 3
3.4 Risk Management Committee
The Bank has constituted the Risk Management Committee.
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =ªt¤ fªªrr¤r çrtr ¤a¤r n +rrn ¬ª
=r¤ªrt f¤¤t¢r
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¤aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i +.~|·. +|n- 19 19
2. >i (n ¤i º|+=|n* 5 5
3. >i ·|+z| =ai 19 19
4. >in-i -·|| ~--=¤ nº¤- 13 13
5. >i ¤=¤i· l= t 19 15
6. >i ºi (- --¤ <i** 8 7
7. >i ¤i.~|·. =-<·¤|÷i¤n*** 10 10
8. >i (n ¤i l= t 16 14
9. >i v<i¤ +n|· 7 7
10. >i ¤i + ln>|**** 5 5
11. >i ¤i ¤i -| ·|·i 9 9
12. >i nz-|+ ( ~-n 9 9
13. >i ÷i + l=ªn|
#
2 2
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ..ºº..º¡¡ = l-<z|+ -ti t
*** º¡.¡º..º¡¡ = l-<z|+ -ti t
**** º·.¡º..º¡¡ = l-<z|+ -ti t
#
..¡...º¡¡ = l-<z|+ -ti t ~| · .¡.ºª..º¡. = ¤-· l-¤| l-- t( t
s.s =¢r =ªnrªª =fnfa (=tq=t¸ (ª;¸
¤r¤ .
+º| ~-n|<- =lnl- l---lnlº|- = =-¤l-·|- n÷n +i z|l+-¤| +|
v¤|ª +·-i t ·
-i- n|º| +·|÷ ª¤¤ ¤| ~l·|+ + +|·|¤|· ¤|n '(' >º|i + ¤+|
+ n|nn n ª¤¤ :ºº +·|÷ -+ + v·¤+ +º| vª-|¤
s+.os.zo+z ¤t ftºrfa =ª=rt =t¤ªr .
>i +.~|·. +|n- ~·¤-| (¤ v¤-·|+ l-<z|+
:=lnl- + ~·¤-||
>i ·|+z| =ai +|¤¤|n+ l-<z|+
>in-i -·|| ~--=¤nº¤- +|¤¤|n+ l-<z|+
nt|v¤-·|+ l¤·-
nt|v¤-·|+ +º|
nt|v¤-·|+ ¤|lº|n v¤-·|-
nt|v¤-·|+ ~|:¤i÷i
+s.oz.zo+z = s+.os.zo+z a¤ =r¤rf¬a =¢r =ªnrªª =fnfa ¤t
¤a¤ aºrr fªªrr¤r ¤t s¤ftºrfa ¤ ª¤rt
a. ¤a¤ ¤t artt=r ¤¬ fªªrr¤r ¤a¤ n s¤ftºra
=. ¤t ==¤r fªªrr¤r ¤t ==¤r
1. 13.02.2012 3 3
2. 21.02.2012 3 3
3. 27.02.2012 3 3
4. 05.03.2012 3 3
5. 13.03.2012 3 3
6. 19.03.2012 3 3
7. 26.03.2012 3 3
8. 29.03.2012 3 3
s.+ ¬rf=rn ¤¤ªrª =fnfa
¤+ ,|·| ¤|lº|n v¤-·|- =lnl- +| ªa- l+¤| ª¤| t
101
Functions:
• To guide CRMC, ALCO & ORMC on any issue of
importance for risk management and to oversee the
functioning of these committees for effective coordination.
• Approving Market Risk Management processes
(including people, systems, operations, limits and
controls) as per Bank's policy.
• Approval of any other action necessary to comply with
requirements set forth in Risk Management Policy/RBI
guidelines or otherwise required for managing any risk.
Composition as on 31.3.2012.
1. Sh. K. R. Kamath - Chairman & Managing Director
(Chairman of the Committee)
2. Sh. Rakesh Sethi - Executive Director
3. Smt. Usha - Executive Director
Ananthasubramanian
4. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
5. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
6. Sh. Mushtaq A. Antulay - Non-Executive Director
(GoI appointee)
Details of meetings attended by member-directors during the
Financial Year 2011-12.
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1 Sh. K. R. Kamath 4 4
2. Sh. M. V. Tanksale* 1 1
3. Sh. Rakesh Sethi 4 4
4. Smt. Usha Ananthasubramanian 3 3
5. Ms. Ravneet Kaur** 1 Nil
6. Sh. Anurag Jain 3 1
7. Sh. T. N. Chaturvedi*** 3 1
8. Sh. G. R. Sundaravadivel*** 3 3
9. Sh. D. K. Singla@ 3 3
10. Sh. B. B. Chaudhry 1 1
11. Sh. Mushtaq A. Antulay 1 1
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India. .
** Ceased to be Director w.e.f. 03.08.2011.
*** Ceased to be Directors w.e.f. 27.12.2011.
@ Ceased to be Director w.e.f. 27.12.2011 & re-elected as Shareholder Director
w.e.f. 21.03.2012.
3.5 Committee of Directors to review disposal of Vigilance/
Non-vigilance Disciplinary action cases (COD)
The Committee reviews disposal of vigilance and non-vigilance
disciplinary action cases on quarterly basis.
Composition as on 31.3.2012
1. Sh. K. R. Kamath Chairman & Managing Director
(Chairman of the Committee)
¤r¤
• ¤|lº|n v¤·|- = =¤l·|- l+=i ·|i nt·¤¤¸º| l¤·|¤ ¤· =i ~|·
(n =i (n(n=i~| (¤ ~| ~|· (n =i +| n|ª<z|- +·-| -·||
v·||¤i =n-¤¤ + ln( :- =lnl-¤| + +|¤ +| <º|-|
• ¤ + +i -il- + ~- =|· ¤|¤|· ¤| lº|n v¤-·|- vl+¤|
:·¤l+- vº||ni v-|n- =in| (¤ l-¤ ·|º| =lt-| +|
ª¤i|- +·-|
• ¤|lº|n v¤·|- -il-/·||.l·. ¤+ + l<z|| l-<z|| ¤| ~-¤·|| l+=i
~-¤ ¤|lº|n + v¤·|- +i ~-¤|n-| t- ~¤l-|- l+=i ~-¤
~|¤z¤+ +|·¤|: +| ~-n|<- +·-|
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| ~--=¤nº¤- +|¤¤|n+ l-<z|+
:. >i ~-·|ª ¤- ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
·. >i ¤i ¤i -|·|·i ª·+|¤¤|n+ l-<z|+
:-|º÷ ~+|-ºº >º|i n
·||·- =·+|· -|ln-i|
·. >i nz-|+ ( ~-n ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤ - fªªrr¤r
¤t s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1 >i +.~|·.+|n- 4 4
2. >i (n.¤i. º|+=|n* 1 1
3. >i ·|+z| =ai 4 4
4. >in-i -·|| ~--=¤ nº¤- 3 3
5. =>i ·¤-i- +| ·** 1 z|¸-¤
6. >i ~-·|ª ¤ - 3 1
7. >i ºi.(-. --¤<i*** 3 1
8. >i ¤i.~|·. =-<·|¤|÷i¤n*** 3 3
9. >i ÷i.+. l=ªn|@ 3 3
10. >i ¤i.¤i. -| ·|·i 1 1
11. >i nz-|+ ( ~-n 1 1
* =ºn ¤ + ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ºª.ºº..º¡¡ = =lnl- + =<ª¤ -ti t
*** ..¡...º¡¡ = =lnl- + =<ª¤ -ti t
@ ..¡...º¡¡ = l-< z|+ -ti t ~| · .¡.ºª..º¡. = z| ¤··||·+ l-< z|+ l-¤| l--
t ( t
s.s =a¤ar.nt-=a¤ar =ªrrr=fª¤ ¤rt¤r; nrn¬r ¤ fª¤ºrª ¤t
=nt+rr ra fªªrr¤ =fnfa (=t =r zt¸
=lnl- =-+-| ~|· ª·=-+-| ~-z||=l-+ +|·¤|: n|nn| +
l-¤º|- +i =ni-|| l-n|ti ~|·||· ¤· +·-i t
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-||
102
2. Sh. Rakesh Sethi Executive Director
3. Smt. Usha Executive Director
Ananthasubramanian
4. Sh. Anurag Jain Non-Executive Director
(GoI Nominee)
5. Sh. Jasbir Singh Non-Executive Director
(RBI Nominee)
Details of meeting attended by member-Directors during the
Financial Year 2011-12.
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. K. R. Kamath 4 4
2. Sh. M.V. Tanksale* 1 1
3. Sh. Rakesh Sethi 4 4
4. Smt. Usha Ananthasubramanian 3 3
5. Ms. Ravneet Kaur** 1 Nil
6. Sh. Anurag Jain 3 1
7. Sh. Jasbir Singh 4 3
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India. .
** Ceased to be Director w.e.f. 03.08.2011.
3.6 Information Technology Committee
The Committee has been constituted to study various aspects
of Information Security & Information Technology initiatives
and suggest appropriate measures to strengthen the same in
the Bank. The various IT initiatives including the IT Policy and
IT Expenditure Budget are being placed in the quarterly
meetings of IT Committee of the Board for information/
discussion/guidance/approval.
Composition as on 31.3.2012
1. Sh. Rakesh Sethi Executive Director
(Chairman of the Committee)
2. Smt. Usha Executive Director
Ananthasubramanian
3. Sh. M. P. Singh Non-Executive Director
(Workmen Nominee Director)
4. Sh. Pradeep Kumar Non-Executive Director
(Officers Nominee Director)
Details of meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. M. V. Tanksale* 1 1
2. Sh. Rakesh Sethi 4 4
3. Smt. Usha Ananthasubramanian 3 3
4. Sh. D.K. Singla** 3 3
5. Sh. M. P. Singh 4 3
6. Sh. Pradeep Kumar 4 4
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 27.12.2011 & re-elected w.e.f. 21.03.2012.
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i ~-·|ª ¤- ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
·. >i ¤=¤i· l=t ª· +|¤¤|n+ l-<z|+
:·||·-i¤ l·¤¤ ¤+ + -|ln-i|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤-fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn sª¤ ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºrfa rq
1. >i +.~|·. +|n- 4 4
2. >i (n.¤i. º|+=|n* 1 1
3. >i ·|+z| =ai 4 4
4. >in-i -·|| ~--=¤ nº¤- 3 3
5. =>i ·¤-i- +| ·** 1 z|¸-¤
6. >i ~-·|ª ¤ - 3 1
7. >i ¤=¤i· l= t 4 3
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ºª.ºº..º¡¡ = l-<z|+ -ti t
s.e =¸¤ªr ¤rurfn¤t =fnfa
:= =lnl- +| ªa- =¸--|=·-|| (¤ =¸--| v|¤|lª+i =¤·|i l¤l·|--
¤tn~| + ~·¤¤- (¤ :-t ¤+ n n¤¤¸- +·- ¤ -¤¤+- -¤|¤| +|
=¤|¤ <- t- l+¤| ª¤| t =¸--| v|¤|lª+i = =-¤l-·|- l¤l·|--
¤tn| l¤-n ~|:ºi -il- -·|| ~|:ºi º|- ¤¤º z||lnn t +| ¤|÷
+i =¸--| v|¤|lª+i =lnl- +i l-n|ti ¤a+| n =¸--|·|/l¤-|·|·|/
l<z||l-<z|/~-n|<- t- vª-- l+¤| ¤|-| t
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ·|+z| =ai +|¤¤|n+ l-<z|+
:=lnl- + ~·¤-||
.. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
ª. >i (n. ¤i. l=t ª· +|¤¤|n+ l-<z|+
:+n-|·i -|ln-i l-<z|+|
:. >i v<i¤ +n|· ª· +|¤¤|n+ l-<z|+
:~l·|+|·i -|ln-i l-<z|+|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤ - fªªrr¤r
¤t s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn =r¤rf¬a ¤a¤r f¬aªt ¤a¤r
=. ¤t ==¤r n s¤ftºra rq
1. >i (n.¤i. º|+=|n* 1 1
2. >i ·|+z| =ai 4 4
3. >in-i -·|| ~--=¤ nº¤- 3 3
4. >i ÷i.+. l=ªn|** 3 3
5. >i (n.¤i. l=t 4 3
6. >i v<i¤ +n|· 4 4
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª l+¤|
** l<-|+ ..º..¡¡ = l-<z|+ -ti t ~| · .¡.ºª..º¡. +| ¤-· l-¤| l--
103
3.7 Directors Promotion Committee
The Committee considers candidates for promotions to Top
Executive Grade Scale-VII as well as representations of
candidates against non-approval for promotion to Top
Executive Grade Scale-VII.
Composition as on 31.3.2012
1. Sh. K. R. Kamath - Chairman & Managing Director
(Chairman of the Committee)
2. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
3. Sh. Jasbir Singh - Non-Executive Director
(RBI Nominee)
Details of meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. K. R. Kamath 2 2
2. Ms. Ravneet Kaur* 1 1
3. Sh. Anurag Jain 1 1
4. Sh. Jasbir Singh 2 2
* Ceased to be Director w.e.f. 03.08.2011 .
3.8 Special Committee of Board - For monitoring fraud cases.
The Committee has been constituted for monitoring and
review of all fraud cases of `1.00 crore and above.
Composition as on 31.3.2012:
1. Sh. K. R. Kamath - Chairman and Managing Director
(Chairman of the Committee)
2. Sh. Rakesh Sethi - Executive Director
3. Smt. Usha - Executive Director
Ananthasubramanian
4. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
5. Sh. D. K. Singla - Non Executive Director
(Shareholder Director)
6. Sh. Mushtaq A. Antulay - Non Executive Director
(GoI appointed)
7. Sh. Pradeep Kumar - Non-Executive Director
(Officers' Nominee Director)
8. Sh. M. P. Singh - Non-Executive Director
(Workmen Nominee Director)
Details of meetings attended by Member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. K. R. Kamath 9 9
2. Sh. M. V. Tanksale* 1 1
3. Sh. Rakesh Sethi 9 9
4. Smt. Usha Ananthasubramanian 8 8
5. Ms. Ravneet Kaur** 2 Nil
6. Sh. Anurag Jain 7 2
s.z ¤ªr-ªfa ¤ f¬q fªªrr¤ =fnfa
=lnl- --- +|¤¤|n+ ª÷ ª+n VII n ¤<|--l- + ln( --ni<¤|·|
+ =¤·| n l¤-|· +·-i t -·|| --- +|¤¤|n+ ª÷ ª+n VII n
~-n|<- - t|- + =¤·| n v|-- vl-¤<-| ¤· l¤-|· +·-i t
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-| |
.. >i ~-·|ª ¤- ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
ª. >i ¤=¤i· l=t ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤-fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºrfa rq
1. >i +.~|·.+|n- 2 2
2. =>i ·¤-i- +| ·* 1 1
3. >i ~-·|ª ¤ - 1 1
4. >i ¤=¤i· l= t 2 2
* l<-|+ ºª.ºº.¡¡ = l-<z|+ -ti t
s.s ¤rz ¤t f¤rrrr =fnfa - ªrr=rrªrzt nrn¬r ¤t fªntrªt ra
(+ +·|÷ ª¤¤ -·|| :== ~l·|+ ·|lz| ¤|n ·||º||·|÷i n|nn| n
l-ª·|-i -·|| =ni-|| t- ¤t l¤z|·| =lnl- ªla- +i ª: t
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i ~-·|ª ¤- ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· +i -|ln-i|
·. >i ÷i.+. l=ªn| ª·+|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
·. >i (n ( ~-n ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· +i -|ln-i|
. >i v<i¤ +n|· ª·+|¤¤|n+ l-<z|+
:~l·|+|·i -|ln-i l-<z|+|
º. >i (n.¤i. l=t ª·+|¤¤|n+ l-<z|+
:+n-|·i -|ln-i l-<z|+|
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤ fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i +.~|·. +|n- 9 9
2. >i (n.¤i. º|+=|n* 1 1
3. >i ·|+z| =ai 9 9
4. >in-i -·|| ~--=¤ nº¤- 8 8
5. =>i ·¤-i- +| ·** 2 z|¸-¤
6. >i ~-·|ª ¤ - 7 2
104
7. Sh. D. K. Singla*** 7 7
8. Sh. Pradeep Kumar 9 9
9. Sh. M. P. Singh 9 9
10. Sh. Mushtaq A. Antulay 1 1
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 03.08.2011.
*** Ceased to be Director w.e.f. 27.12.2011 & re-elected w.e.f. 21.03.2012.
3.9 Remuneration Committee
The Committee evaluates performance of whole-time
Directors (CMD & EDs) of the Bank to decide entitlement of
incentive.
Composition as on 31.3.2012 :
1. Sh. Anurag Jain Non-Executive Director
(GoI Nominee)
2. Sh. Jasbir Singh Non-Executive Director
(RBI Nominee)
3. Sh. B. B. Chaudhry Non-Executive Director
(GoI appointed CA category)
4. Sh. M. N. Gopinath Non-Executive Director
(Shareholder Director)
Details of meetings attended by member-Directors during the
Financial Year 2011-12.
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. Anurag Jain Nil Nil
2. Ms Ravneet Kaur* 1 1
3. Sh. Jasbir Singh 1 1
4. Sh. B. B. Chaudhry Nil Nil
5. Sh. M. N. Gopinath Nil Nil
6. Sh. G.R. Sundaravadivel** 1 1
7. Sh. V.K. Mishra*** 1 1
* Ceased to be Director w.e.f. 03.08.2011
** Ceased to be Director w.e.f. 27.12.2011
***Ceased to be Director w.e.f. 05.12.2011
3.10Nomination Committee
The committee has been constituted as per RBI guidelines to
determine the fulfillment of ‘fit and proper’ criteria in respect
of Shareholder Director(s) on the Board of Bank.
Composition as on 31.03.2012
1. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
(Chairman of the Committee)
2. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
3. Sh. Mushtaq A. Antulay - Non-Executive Director
(Appointed by GoI)
One meeting of the committee was held on 06.03.2012 during the
Financial Year 2011-12, which was attended by all the 3 members.
7. >i ÷i + l=ªn|*** 7 7
8. >i v<i¤ +n|· 9 9
9. >i (n.¤i. l=t 9 9
10. >i nz-|+ ( ~-n 1 1
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ºª.ºº..º¡¡ = l-<z|+ -ti t
*** ºª.ºº..º¡¡ = l-<z|+ -ti t ~| · .¡.ºª..º¡. = ¤-· l-¤| l--
s.v ¤rftvfn¤ =fnfa
=lnl- v|·=|t- +i ~t-| +| l-º|¤ +·- + ln¤ ¤+ + ¤¸º|+|ln+
l-<z|+| :~·¤-| (¤ v¤-·| l-<z|+ -·|| +|¤¤|n+ l-<z|+| +
+|¤l-·¤|<- +| n¸-¤|+- +·-i t
s+.os.zo+z ¤t ftºrfa =ª=rt =t¤ªr
¡. >i ~-·|ª ¤- ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
.. >i ¤=¤i· l=t ª· +|¤¤|n+ l-<z|+
:·||·-i¤ l·¤¤ ¤+ + -|ln-i|
ª. >i ¤i ¤i -|·|·i ª· +|¤¤|n+ l-<z|+
:=-<i nº||+|· >º|i n
·||·- =·+|· ,|·| l-¤+-|
:. >i (n (- ª|¤i-|·| ª· +|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a =ªt¤-fªªrr¤r çrtr ¤a¤r
n +rrn ¬ª ¤r ª¤rtr
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i ~-·|ª ¤- z|¸-¤ z|¸-¤
2. =>i ·¤-i- +| ·* 1 1
3. >i ¤=¤i· l= t 1 1
4. >i ¤i. ¤i. -|·|·i z|¸-¤ z|¸-¤
5. >i (n.(-. ª|¤i-|·| z|¸-¤ z|¸-¤
6. >i ¤i.~|·. =-<·|¤|÷i¤n** 1 1
7. >i ¤i.+. ln>|*** 1 1
* l<-|+ ºª.ºº...º¡¡ = l-<z|+ -ti t
** l<-|+ ..¡....º¡¡ = l-<z|+ -ti t
*** l<-|+ º·.¡...º¡¡ = l-<z|+ -ti t
s.+o ªrnr¤ª =fnfa
=lnl- +| ªa- ·||.l·.¤+ + l<z||l-<z|| + ~-=|· ¤+ + ¤|÷ n
z|¤··||·+ l-<z|+:+|| + =¤·| n ''-¤¤+- -·|| =nl--'' n|-+|
+| ~-¤|n- =l-lz-- +·- + ln( l+¤| ª¤| t
s+.os.zo+z ¤t ftºrfa =ª=rt =t¤ªr
¡. >i ~-·|ª ¤- ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
:=lnl- + ~·¤-||
.. >i ¤i ¤i -|·|·i ª·+|¤¤|n+ l-<z|+
:=-<i nº||+|· >º|i n
·||·- =·+|· ,|·| l-¤+-|
ª. >i nz-|+ ( ~-n ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
l¤·-i¤ ¤·| .º¡¡¡. + <|·|- =lnl- +i (+ ¤a+ l<-|+ ·.ºª..º¡. +|
t: l¤=n =·|i -i-| =<ª¤| - ·||ª ln¤|
105
3.11Customer Service Committee
The Customer Service Committee has been constituted to
discharge the following functions:
• Formulation of a Comprehensive Deposit Policy.
• Issues such as the treatment/settlement of account on
death of a depositor.
• Product approval process with a view to ensure its
suitability and appropriateness
• Annual Survey of depositor satisfaction.
• Triennial audit of such services.
• Monitoring the implementation of awards under the
Banking Ombudsman Scheme.
• Examine any other issue having a bearing on the quality
of customer service rendered.
Composition as on 31.3.2012:
1. Sh. K. R. Kamath Chairman & Managing Director
(Chairman of the Committee)
2. Sh. Rakesh Sethi Executive Director
3. Smt. Usha Executive Director
Ananthasubramanian
4. Sh. M. P. Singh Non-Executive Director
(Workmen Nominee)
5. Sh. Pradeep Kumar Non-Executive Director
(Officers Nominee)
6. Sh. M. N. Gopinath Non-Executive Director
(Shareholder Director)
Details of meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. K. R. Kamath 4 4
2. Sh. M. V. Tanksale* 1 1
3. Sh. Rakesh Sethi 4 4
4. Smt. Usha Ananthasubramanian 3 3
5. Sh. V.K. Mishra** 3 3
6. Sh. M. P. Singh 4 3
7. Sh. Pradeep Kumar 4 4
8.. Sh. M. N. Gopinath N.A. N.A.
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 05.12.2011
3.12Power of Attorney Committee
The committee grants power of attorney to officers and
employees of the Bank authorizing them to execute documents
and represent on behalf of the Bank.
Composition as on 31.3.2012
1. Sh. Rakesh Sethi - Executive Director
(Chairman of the Committee)
s.++ nrr¤ =¤r =fnfa
ª |t+ = ¤| =lnl- +| ªa- l---lnlº|- +|¤| + ln( l+¤|
ª¤| t ·
• ·¤|¤+ ¤n| -il- ¤-|-|
• l¤·|¤ ¤ = l+ ¤n|+-| +i n ·¤ ¤· -=+ º||- + ¤l·-|n-/l-¤º|-
+ ln( += ·¤¤t|· +·-| t
• ~-+¸n-| ¤ -¤¤+--| +| ·¤|- n ·º|- t( -·¤|< ~-n|<-
vl+¤|
• ¤n|+-| =-l·º t- ¤|l·|+ =¤-|º|
• (=i =¤|~| +i ·|¤|l·|+ nº||¤·i-||
• ¤l+ª n|+¤|n ¤|¤-| + ~--ª- ~¤|÷ + +|¤|-¤¤- +i
l-ª·|-i +·-|
• v<|- +i ª: ª|t+ =¤| +i ªº|¤-|| = =¤l·|- l+=i ~-¤
n|nn +| <º|-|
s+.s.zo+z ¤t ftºrfa =ª=rt =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-| |
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i (n.¤i.l=t ª·+|¤¤|n+ l-<z|+
:+n-|·i -|ln-i l-<z|+|
·. >i v<i¤ +n|· ª·+|¤¤|n+ l-<z|+
:~l·|+|·i -|ln-i l-<z|+|
·. >i (n .(-. ª|¤i-|·| ª·+|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a =ªt¤-fªªrr¤r çrtr ¤a¤r
n +rrn ¬ª ¤r ª¤rtr
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i +.~|·. +|n- 4 4
2. >i (n.¤i. º|+=|n* 1 1
3. >i ·|+z| =ai 4 4
4. >in-i -·|| ~--=¤ nº¤- 3 3
5. >i ¤i.+. ln>|** 3 3
6. >i (n.¤i. l=t 4 3
7. >i v<i¤ +n|· 4 4
8.. >i (n (- ª|¤i-|·| n|ª¸ -ti n|ª¸ -ti
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ º·.¡...º¡¡ = l-<z|+ -ti t
s.+z n=artªrnr =fnfa
=lnl- ¤+ n +|¤ +· ·t ~l·|+|l·¤|/+n-|l·¤| +| nº-|·-|n|
:¤|¤· ~|¤· ~º|-i| v<|- +·-i t -|l+ ¤ <ª-|¤¤| +| l-·¤|l<-
+· =+ ~|· ¤+ +| vl-l-l·|·¤ +· =+
s+.s.zo+z ¤ =ª=rt =t¤ªr
¡. >i ·|+z| =ai +|¤¤|n+ l-<z|+
:=lnl- + ~·¤-||
106
2. Smt. Usha - Executive Director
Ananthasubramanian (Alternate Chairperson of the
Committee)
3. Sh. Mushtaq A. Antulay - Non-Executive Director
(Appointed by GoI)
4. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
Details of meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. Rakesh Sethi 6 6
2. Sh. M. V. Tanksale* 1 Nil
3. Smt. Usha Ananthasubramanian 5 5
4. Sh. Mushtaq. A. Antulay 2 2
5. Sh. B. B. Chaudhry 2 2
6. Sh. V. K. Mishra** 4 4
7. Sh. T. N. Chaturvedi*** 4 Nil
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 05.12.2011
*** Ceased to be Director w.e.f. 27.12.2011
3.13Appellate Authority & Reviewing Authority Committee
The committee has been constituted to act as Appellate
Authority/Reviewing Authority in terms of schedule of
Disciplinary Authorities to PNB Officer Employees (Discipline
& Appeal) Regulations, 1977.
Composition as on 31.3.2012
1. Sh. K. R. Kamath - Chairman and Managing Director
(Chairman of the Committee)
2. Sh. Rakesh Sethi - Executive Director
3. Smt. Usha - Executive Director
Ananthasubramanian
4. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
Only one meeting of the Committee was held on 29.12.2011 during
the Financial Year 2011-12 which was attended by all the members.
3.14Insurance Joint Venture Committee:
The Committee has been constituted to decide and
recommend to the Board of the Bank, the future course of
action in Insurance business by the Bank.
Composition as on 31.3.2012
1. Sh. Rakesh Sethi - Executive Director
(Chairman of the Committee)
2. Smt. Usha - Executive Director
Ananthasubramanian
3. Sh. Mushtaq A. Antulay - Non-Executive Director
(GoI appointed)
.. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤- :=lnl- +i ¤+l-¤+ ~·¤-|||
ª. >i nz-|+ ( ~-n ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·| l-¤+-|
:. >i ¤i ¤i -|·|·i ª· +|¤¤|n+ l-<z|+
:=-<i nº||+|· >º|i n
·||·- =·+|· ,|·| l-¤+-|
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤-fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt.
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤ n s¤ftºra rq
1. >i ·|+z| =ai 6 6
2. >i (n.¤i. º|+=|n* 1 z|¸-¤
3. >in-i -·|| ~--=¤ nº¤- 5 5
4. >i nz-|+ (. ~--n 2 2
5. >i ¤i.¤i. -| ·|·i 2 2
6. >i ¤i.+. ln>|** 4 4
7. >i ºi.(-. --¤<i*** 4 z|¸-¤
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ º·.¡...º¡¡ = l-<z|+ -ti t
*** l<-|+ ..¡..¡¡ = l-<z|+ -ti t
s.+s =¤t¬t¤ ¤rfªr¤rtt ¤ =nt+rr ¤rfªr¤rtt =fnfa
=lnl- +| ªa- ¤i(-¤i ~l·|+|·i/+n-|·i :~-z||=- (¤ ~¤in|
l¤l-¤n- ¡º +i ~-z||=l-+ v|l·|+|·i +i ~-=¸-i +i z|-|-=|·
+ ~-=·º| n ~¤ini¤ v|l·|+|·i/=ni-|| v|l·|+|·i + ª¤ n +|¤
+·- t- l+¤| ª¤| ·||
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =fnfa ¤t =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i ~-·|ª ¤- ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
l¤-|i¤ ¤·| .º¡¡¡. + <| ·|- =lnl- +i + ¤n (+ ¤ a+ l<-| + .º.¡...º¡¡
+| t: l¤=n =·|i =<ª¤| - ·||ª ln¤|
s.++ ¤tnr =¤¤a sun =fnfa
¤+ ,|·| ¤in| +|·|¤|· n ·||¤i +|·¤|: t- ¤+ + n÷n +| =ª-l-
<- ~|· l-º|¤ +·- + ln( := =lnl- +| ªa- l+¤| ª¤| t
s+.s.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ·|+z| =ai +|¤¤|n+ l-<z|+
:=lnl- + ~·¤-||
.. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
ª. >i (n.(. ~-n ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·| l-¤+-|
107
Details of Meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during the tenure attended
1. Sh. Rakesh Sethi 5 5
2. Smt. Usha Ananthasubramanian 2 2
3. Sh. M. V. Tanksale* 2 2
4. Sh. G. R. Sundaravadivel** 5 5
5. Sh. Mushtaq A. Antulay 4 4
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 27.12.2011
3.15Steering Committee for Vision 2013
The Committee reviews the progress in implementation of
Vision 2013 document and also deliberates upon the
requirements as warranted in the aspects of plan.
Composition as on 31.3.2012:
1. Sh. Rakesh Sethi - Executive Director
(Chairman of the Committee)
2. Smt. Usha - Executive Director
Ananthasubramanian
3. Sh. Pradeep Kumar - Non-Executive Director
(Officers Nominee Director)
4. Sh. M. P. Singh - Non-Executive Director
(Workmen Nominee Director)
5. Sh. M. N. Gopinath - Non-Executive Director
(Shareholder Director)
6. Dr. Sunil Gupta - Non-Executive Director
(Shareholder Director)
Details of Meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. M. V. Tanksale* 1 1
2. Sh. Rakesh Sethi 4 4
3. Sh. Usha Ananthasubramanian 3 3
4. Sh. G. R. Sundaravadivel ** 3 3
5. Sh. Pradeep Kumar 4 4
6. Sh. M. P. Singh 4 3
7. Sh. M. N. Gopinath*** N. A. N. A.
8. Dr. Sunil Gupta *** N. A. N. A.
*Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 27.12.2011.
*** Elected Shareholder Director w.e.f. 21.03.2012.
3.16 Share Transfer Committee
The Committee has been constituted as per provisions of
Punjab National Bank (Shares & Meetings) Regulations, 2000.
The Committee monitors and approves transfers of physical
shares, issuance of duplicate share certificates/new certificates,
transmission of shares, rematerialisation of shares etc.
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤-fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt.
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤ n s¤ftºra rq
1. >i ·|+z| =ai 5 5
2. >in-i -·|| ~--=¤ nº¤- 2 2
3. >i (n.¤i. º|+=|n* 2 2
4. >i ¤i.~|· =-<·¤|÷i¤n** 5 5
5. >i nz-|+ (. ~--n 4 4
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ ..¡..¡¡ = l-<z|+ -ti t
s.+s f¤¬ª zo+s ¤t tºtftn =fnfa
¤t =lnl- l¤¤- .º¡ª + +|¤|-¤¤- n t: vªl- +i =ni-|| +·-i
t -·|| -n|- + l¤l·|-- ¤tn~| n ¤·||¤l-|- ~|¤z¤+-|~| ¤·
l¤-|·l¤nz| ·|i +·-i t
s+.os.zo++ ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ·|+z| =ai +|¤¤|n+ l-<z|+
:=lnl- + ~·¤-||
.. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
ª. >i v<i¤ +n|· ª· +|¤¤|n+ l-<z|+
:~l·|+|·i -|ln-i l-<z|+|
:. >i (n ¤i l=t ª· +|¤¤|n+ l-<z|+
:+n-|·i -|ln-i l-<z|+|
·. (n (- ª|¤i-|·| ª· +|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
·. ÷|. =-in ª--| ª· +|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤ - fªªrr¤r
¤t s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i (n.¤i. º|+=|n* 1 1
2. >i ·|+z| =ai 4 4
3. >in-i -·|| ~--=¤ nº¤- 3 3
4. >i ¤i.~|· =-<·¤|÷i¤n ** 3 3
5. >i v<i¤ +n|· 4 4
6. >i (n.¤i. l=t 4 3
7. >i (n (- ª|¤i-|·|*** n|ª¸ -ti n|ª¸ -ti
8. ÷|. =-in ª--|*** n|ª¸ -ti n|ª¸ -ti
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ ..¡..¡¡ = l-<z|+ -ti t
*** l<-|+ .¡.ºª..º¡. = z|¤··||·+ l-<z|+ -- ª¤ t
s.+e rr¤t =at¢r =fnfa
¤¤|¤ -z|-n ¤+ :z|¤· (¤ ¤a+| l¤l-¤n- .ººº + v|¤·||-| +
~-=|· =lnl- ªla- +i ª: t
=lnl- z|¤·| + ~-·º| ÷-ni+º -( z|¤·vn|º|¤·| ¤|·i +·- -·||
z|¤·| + =v·|º| ~|· --t ¤-· n¸- ª¤ n ¤|·i +·- = ¤÷ n|nn|
+i l-ª·|-i (¤ ~-n|<- +·-i t
108
Composition as on 31.3.2012
1. Sh. Rakesh Sethi - Executive Director
(Chairman of the Committee)
2. Smt. Usha - Executive Director
Ananthasubramanian
3. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
Details of meetings attended by Member-Directors during the
Financial Year 2011-12.
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. Rakesh Sethi 24 23
2. Smt. Usha Ananthasubramaninan 17 17
3. Sh. M. V. Tanksale* 6 5
4. Sh. B. B. Chaudhry 6 6
5. Sh. T.N. Chaturvedi** 18 11
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 27.12.2011.
3.17Shareholders'/Investors' Grievance Committee
The Committee looks into the redressal of shareholders'
grievances.
Composition as on 31.3.2012 :
1. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
(Chairman of the Committee)
2. Sh. Rakesh Sethi - Executive Director
3. Smt. Usha - Executive Director
Ananthasubramanian
Details of meetings attended by member-Directors during the
Financial Year 2011-12.
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. B. B. Chaudhry 1 1
2. Sh. M. V. Tanksale* 2 2
3. Sh. Rakesh Sethi 6 6
4. Smt. Usha Ananthasubramanian 4 4
5. Sh. T.N. Chaturvedi** 5 2
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director
of Central Bank of India.
** Ceased to be Director w.e.f. 27.12.2011.
Shri A. Gopinathan, Company Secretary, has been appointed as the
Compliance Officer in terms of Clause 47 of the Listing Agreement.
Out of 421 complaints received from the shareholders during the
financial year, 420 were redressed and only one complaint was
outstanding as on 31.3.2012, (since disposed of).
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ·|+z| =ai +|¤¤|n+ l-<z|+
:=lnl- + ~·¤-||
.. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
ª. >i ¤i.¤i. -|·|·i ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·| =-<i
nº||+|· >º|i n -|ln-i|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤ fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i ·|+z| =ai 24 23
2. >in-i -·|| ~--=¤ nº¤- 17 17
3. >i (n.¤i. º|+=|n* 6 5
4. >i ¤i.¤i. -| ·|·i 6 6
5. >i ºi (- --¤ <i** 18 11
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ ..¡..¡¡ = l-<z|+ -ti t
s.+z rr¤tªrrt¤.fª¤rr¤ frr¤r¤a =fnfa
=lnl- z|¤··||·+| +i lz|+|¤- +| l-¤º|- +·-i t
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ¤i ¤i -|·|·i ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·|
=-<i nº||+|· >º|i n l-¤+-|
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤-fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i ¤i ¤i -| ·|·i 1 1
2. >i (n.¤i. º|+=|n* 2 2
3. >i ·|+z| =ai 6 6
4. >in-i -·|| ~--=¤ nº¤- : :
5. >i ºi.(-. --¤<i** 5 2
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ ..¡..¡¡ = l-<z|+ -ti t
>i ( ª|¤i-|·|- +¤-i =l-¤ +| =¸-i+·º| +·|· + º|º÷ : + ~-=·º|
n ~-¤|n-| ~l·|+|·i + ª¤ n l-¤+- l+¤| t
¤+ +| l¤·-i¤ ¤·| + <|·|- z|¤··||·+| = :.¡ lz|+|¤- v|-- t: --n =
:.º +| l-¤º|- l+¤| ¤| -+| ·|| ~|· ª¡.ºª..º¡. +i lª·|l- ~-=|·
+¤n (+ lz|+|¤- nl-¤- ·|i :l¤=+| l-¤º|- l+¤| ¤| -+| t|
109
4. Compliance of Mandatory/Non Mandatory requirements
The Bank has complied with the mandatory requirements of
Clause 49 of Listing Agreement. In respect of non-mandatory
requirements of the said clause, the Bank has not adopted the
same. The status of its implementation is as under :
Sr. Non Mandatory requirements Status of implementation
No.
1 The Board - A non-executive Chairman may
be entitled to maintain a Chairman's office
at the company's expense
Not Applicable, since the
Chairman's position is Executive.
2 Remuneration Committee - Board may set
up a Remuneration Committee to determine
company's policy on specific remuneration
packages for executive directors including
pension rights and any compensation
payment.
Remuneration Committee decides
the entitlement of Performance
Linked Incentive in terms of
guidelines issued by the Central
Government. However, Executive
Directors draw salary as fixed by
the Government of India.
3 Shareholders' Rights - A half-yearly
declaration of financial performance
including summary of the significant events
in last six-months, may be sent to
shareholders.
The quarterly / year to date /
Annual Financial Results are sent
to NSE & BSE & published in
newspapers and placed on Bank's
website including highlights. As
such, information to Shareholders
is not sent individually.
4 Audit Qualifications - Bank may move
towards a regime of unqualified financial
statements.
The Bank' s Annual Financial
Statements are unqualified.
Significant Accounting Policies
and Notes to Accounts are
contained in schedules, which are
explanatory in nature.
5 Training of Board Members - Bank may
train Board members in the business model
of the company as well as the risk profile of
the business parameters of the company, the
responsibilities as directors, and the best
ways to discharge them.
The Executive / Non-executive
Directors are appointed by
Government of India / elected in
General Meeting having specific
qualifications under the specific
provisions of Banking Companies
(A&TU) Act, 1970. As such, this
suffice the matter.
6 Mechanism for evaluating Non-Executive
Board Members - The performance
evaluation of non-executive directors could
be done by a peer group comprising the
entire Board of Directors, excluding the
director being evaluated; and Peer Group
evaluation could be the mechanism to
determine whether to extend / continue the
terms of appointment of non-executive
directors
A Nomination Committee has
been constituted in terms of
Reserve Bank of India Guidelines
and the elected directors under
clause 9(3)(i) of The Banking
Companies (Acquisition &
Transfer of Undertakings) Act,
1970 are subject to determination
of "fit & proper" status. Further
other Non-Executive directors are
appointed by GoI, as per statutory
provisions.
7 Whistle Blower Policy - The Bank may
establish a mechanism for employees to
report to the management concerns about
unethical behaviour, actual or suspected
fraud or violation of the company's code of
conduct or ethics policy. This mechanism
could also provide for adequate safeguards
against victimization of employees who avail
of the mechanism and also provide for direct
access to the Chairman of the Audit
committee in exceptional cases. Once
established, the existence of the mechanism
may be appropriately communicated within
the organization.
The Bank has implemented the
Whistle Blower Policy.
+. =fª¤r¤.nt-=fª¤r¤ =¤+rr=r ¤r =ª¤r¬ª
¤ + - =¸ -i+·º| +·|· +i º| ÷ :º +i ~l-¤|¤ ~¤ -||~| +|
~- ¤|n- l+¤| t -+- º| ÷ +i ª ·~l-¤|¤ ~¤ -||~| +| ¤ +
- ª¤i+|· -ti l+¤| t :-+ +|¤| -¤¤- +i lª·|l- l---|- =|·
t ·
a. nt =fª¤r¤ =¤+rrq ¤r¤r-¤¤ª ¤t ftºrfa
=.
1
fªªrr¤ nz¬ ª · +|¤ ¤|n+ ~·¤-| +|
+-¤-i + º|- ¤· ~·¤-| +| +|¤| n¤ =-·||n-
+| t+ t
n|ª¸ -ti +¤|l+ ~·¤-| +|¤ ¤|n+
t
2 ¤rftvfn¤ =fnfa ¤| ÷ ,|·| ¤|l·>ln+ =lnl-
ªla- +i ¤|( ¤| +|¤ ¤|n+ l-<z|+| + ln(
l¤lz|·º ¤|l·>ln+ ¤ +¤ - ¤|· +· l¤-n ¤z|-
~l·|+|· -·|| vl-¤¸·+ ·|ª-|- ·|i z||lnn t|
¤|l·>ln+ =lnl- +-: =·+|· ,|·|
¤|·i l<z||l-<z||-=|· l-·¤|<- = ¤÷
v|·=|t- ¤· l-º|¤ n-i t -·||l¤
+|¤ ¤|n+ l-<z|+| +| ·||·- =·+|·
,|·| l-lz-- l+¤| ª¤| ¤ -- lnn-|
t
3
rr¤tªrrt¤r ¤ =fªr¤rt z|¤··||·+| +|
l¤·-i¤ ¤l·º||n| + ~z¤|l·|+ ¤l·º||n| -·||
ª- ¤t n|t +i nt·¤¤¸º| ÷º-|~| +| =|·|z|
vl·|- l+¤| ¤|(
l-n|ti/¤·| n -= l-l·| -+/¤|l·| +
l·¤|º (-(==i ~| · ¤i(==i +|
·|¤i/=n|-|· ¤·|| n v+|lz|- l+¤
¤|- t -·|| vnº| l¤z|·|-|~| =lt-
¤ + +i ¤ ¤=|:º ¤· v<lz| - l+¤
¤|- t ~-· z|¤··||·+| +| ~nª
= =¸--| -ti ·|¤i ¤|-i t
4
¬=rr¤tt+rr =¤ªrt =rarq ¤ + l¤-| ~t -|
l¤·-i¤ l¤¤·º|| +i l<z|| n ¤| =+-| t
¤ + + ¤|l·| + l¤·-i¤ l¤¤·º| l¤-|
~t -| t nt·¤¤¸ º| n º|| +- ¡:
~-=¸l-¤| n l-lt- t -il-¤| -·||
n º|| º||-| = = ¤ l·|- lº-¤lº|¤|
·¤|º¤|·n+ v.l- +i t
5
fªªrr¤ nz¬ ¤ =ªt¤r ¤r ¤frr+r¢r ¤ +
~¤- ¤|÷ + =<ª¤| +| +-¤-i + +|·|¤|·
n|÷n -·|| +|·|¤|· + ¤·|niº·| + ¤|lº|n
v|¤·|:n n l-<z|+| + <|l¤·¤| -·|| --+|
l-¤|t +·- + =¤|·-n -·i+ + =¤·| n
vlz|l-|- +· =+-| t
+|¤ ¤|n+/ª ·+|¤ ¤|n+ l-< z|+| +i
l-¤l+- ·||·- =·+|·/~|n ¤ a+ ,|·|
¤l+ª +-¤-i :~¤- -·|| ~-·º||
~l·|l-¤n ¡ºº + l¤lz|·º v|¤·||-|
+ ~-ª- l¤z|·| ¤|·¤-|~| + ~|·||·
¤· +i ¤|-i t ¤| := =¤·| n
¤¤|-- t
6
nt ¤r¤¤r¬¤ fªªrr¤ =ªt¤r ¤ n¸r¤r¤ª
¤t ¤qfa ª · +|¤ ¤|n+ l-<z|+| + +|¤
+| n¸-¤|+- ~-¤ l-<z|+| + =n¸t ,|·| l+¤|
¤|(ª| l¤=n ¤¸·| l-<z|+ n÷n t|ª| ¤·-
l¤= l-<z|+ + +|¤ +| n¸-¤|+- t| ·t| t
-= z||lnn -ti l+¤| ¤|(ª| ~| · := v+|·
~¤- =n+-| ·¤l+-¤| ,|·| l+( ª( n¸-¤|+-
= ti ¤t -¤ l+¤| ¤|(ª| l+ ª ·+|¤ ¤|n+
l-<z|+| +i l-¤l+- +| +|¤ +|n ¤·|¤|/¤|·i
·º|| ¤|( ~·|¤| -ti
·||·-i¤ l·¤¤ ¤+ + l<z||l-<z||
+ ~-=|· (+ -|n|+- =lnl- +|
ªa- l+¤| ª¤| t -·|| ¤ l+ ª +-¤-i
:-¤+n| +| ~¤- -·|| ~-·º||
~l·|l-¤n ¡ºº + º| ÷ º:ª|:¤|
+ ~·|i- -¤l-- l-< z|+| +i
''¤| ·¤-| -·|| -¤¤ +--|'' +| l-·|| ·º|
l+¤| ¤|-| t := + ~l-l·+-
ª ·+|¤ ¤|n+ l-<z|+| +i l-¤l+-
·||·- =·+|· ,|·| =¤ ·||l-+ v|¤·||-|
+ ~·|i- +i ¤|-i t
7
f¤=¬ ª¬r=t ªtfa ¤+ ~¤- +n-|l·¤|
+ ln( (=i ·¤¤ª·|| +· =+-| t l¤=+
~-ª - ¤ ~- l-+ ~|-·º| ¤|ª-l¤+ ~·|¤|
= l<··| ·|| º||·|÷ i ~·|¤| +-¤-i +i ~|-|· = lt-|
~·|¤| -l-+-| -il- + --n÷- + =¤·| n
~¤-i l---|( v¤·|- +| ¤-| =+- t :=
·¤¤ª·|| n -- +n-|l·¤| +| =-|( ¤|- =
¤-|¤ + ¤¤| -- ·¤¤ª·|| ·|i t| =+-i t ¤| :=
·¤¤ª·|| +| =t|·| n - t -·|| ~=|·||·º|
¤l·lª·|l-¤| n =i·| ~·¤-| = =-¤+ +·- +i
·¤¤ª·|| ·|i t| =+-i t (+ ¤|· ª·||l¤- t|
¤|- + ¤|< =ª·|| + ·|i-· := ·¤¤ª·|| +i
=nl-- ¤|-+|·i <i ¤| =+-i t
¤ + - l¤=n ·n|~· -il- n|ª¸ +i
t
110
5. General Body Meetings
The details of last three Annual General Meetings of
shareholders are as follows:
Annual Day & Date Time Venue
General
Meeting
Eighth Wednesday, 11.30 a.m. FICCI Auditorium, Tansen
July 29, 2009 Marg, New Delhi - 110001
Ninth Wednesday, 10.30 a.m. FICCI Auditorium, Tansen
July 21, 2010 Marg, New Delhi - 110001
Tenth Monday, 10.00 a.m. PNB Auditorium, Central Staff
June 27, 2011 College, 8, Underhill Road, Civil
Lines, Delhi -110054
No special resolutions were put through in the above said Annual General Meetings.
Postal Ballot - Bank has not conducted any postal ballot during
the financial year.
6. Disclosures
6.1 The remuneration of the Chairman & Managing Director and
the Executive Directors is fixed by the Government of India.
The Bank does not pay remuneration to the Non-Executive
Directors except sitting fees fixed by Government of India,
for attending the meetings of the Board or its sub-committees,
which is as under:-
Meeting Sitting Fees payable per Meeting (`)
Board 5000/-
Sub-Committee of Board 2500/-
6.2 The Related Party Transactions of the Bank as per RBI /ICAI
guidelines are disclosed in the Notes on Accounts (in Schedule
18) of the Balance Sheet as on 31.3.2012.
6.3 No penalties/strictures were imposed on the Bank by SEBI/
Stock Exchanges in respect of matters related to Capital Market
during the last three years.
7. Means of Communication
The information about the operations and financial performance
of the Bank is disseminated on a regular basis by communicating
to the Stock Exchanges (NSE & BSE) besides through newspapers
and website of the Bank (www.pnbindia.in). Further the Financial
Results, Corporate Advertisements, Notices etc. were published
mainly in the following newspapers:
English Newspapers Hindi Newspapers
Times of India Navbharat Times
Hindustan Times Hindustan
Mint Amar Ujala
Business Standard Dainik Jagran
Financial Express Business Standard
Economic Times Dainik Bhaskar
The Hindu Punjab Kesari
The Hindu Business Line Rajasthan Patrika
Indian Express Jansatta
Pioneer Tribune
The Tribune Other Regional News Papers
Asian Age -
Telegraph -
s. =rn ¤a¤
z|¤··||·+| +i l¤¤ni -i- ¤|l·|+ ~|n ¤a+| + l¤¤·º| := v+|·
t ·
¤rfrr¤ fªª q¤ fªªr¤ =n¤ tºrrª
=rn
¤ a¤
~|a¤i ¤·|¤|· ¡¡.ªº ¤¸¤| r l¤·++i ~|l÷º|l·¤n
.º ¤n|: .ººº -|-=- n|ª -: l<-ni¡¡º ºº¡
-¤i ¤·|¤|· ¡º.ªº ¤¸¤| r l¤·++i ~|l÷º|l·¤n
.¡ ¤n|: .º¡º -|-=- n|ª -: l<-ni¡¡º ºº¡
<=¤i =|n¤|· ¡º.ºº ¤¸¤|r ¤i(-¤i ~|l÷º|l·¤n +-:i¤
. ¤¸- .º¡¡ ªº|¤· +|n¤ º ~÷·ltn ·|÷
l=l¤n n|: -= l<-ni¡¡º º·:
-+- ¤|l·|+ ~|n ¤a+| n +|: l¤z|·| =+-¤ vª-- -ti l+( ª(
zr¤ = narfªr¤rt ¤r ¤¤rn (¤rtº¬ ¤¬º¸ ¤+ - l¤-|i¤ ¤·| +
<|·|- ÷|+ ,|·| n-|l·|+|· +| v¤|ª -ti +·¤|¤| t
e. ¤¤ºt¤t¢r
·.¡ ~·¤-| (¤ v¤·| l-<z|+ -·|| +|¤¤|n+ l-<z|+ + ¤|l·>ln+ +|
l-·||·º| ·||·- =·+|· ,|·| l+¤| ¤|-| t ¤+ ª· +|¤¤|n+ l-<z|+|
+| ¤|÷ ~·|¤| -¤=lnl-¤| +i ¤a+| n ·||ª n- + ln( ·||·-
=·+|· ,|·| l-·||l·- z|-+ + ~n|¤| +|: ~-¤ ¤|l·>ln+ -ti <-|
-+- z|-+ l---lnlº|- t ·
¤a¤ ¤-¤¤ ¤a¤ n +rrn ¬ª ¤ f¬¤ ª¤ rrr¤ (`)
¤|÷ 5000/-
¤|÷ +i -¤ =lnl- 2500/-
·.. ·||·-i¤ l·¤¤ ¤+/~|:=i(~|: + l<z|| l-<z|| + ~-=·º| n ¤+ +
=-¤z ¤|ºi n-<- ª¡.ª..º¡. +i lª·|l- ~-=|· -n-¤·| + º||-|
+ -|º= :~-=¸-i ¡º| n <z||( ª¤ t
·.ª l¤ª- ª ¤·|| + <|·|- ¤¸¤i ¤|¤|· = =¤l·|- n|nn| + =¤·| n
=¤i/ªº|+ (+=-¤| ,|·| ¤+ ¤· +|: <º÷/·|·=-| -ti nª|( ª( t
z. =¤rt nrª¤n
¤ + + +|¤| (¤ l¤-|i¤ +|¤ l-·¤|<- +i ¤|-+|·i l-¤ln-
~|·||· ¤· ªº| + (+=- ¤|-(=: -·|| ¤i(=: | +| < - +
=|·|=|·| =n|-|· ¤·|| -·|| ¤ + +i ¤ ¤=|:º :www.pnbindia.in|
+ n|·¤n = <i ¤|-i t :=+ ~l-l·+- n º¤-· l---lnlº|-
=n|-|· ¤·|| n l¤-i¤ ¤l·º||n +| ·¤| · º l¤a|¤- =¸ --|( :·¤|l<
v+|lz|- +·|: ª: ·
=n¬t =nr¤rt ¤·r fr-ªt =nr¤rt ¤·r
º|:-= ~|¤· :l÷¤| -¤·||·- º|:-=
lt<ª-|- º|:-= lt<ª-|- lt-<i
lnº ~n· -¤|n|
l¤¤-= ªº-÷÷ <l-+ ¤|ª·º|
¤·|:-lz|¤n (+=v= l¤¤-= ªº-÷÷
:+-|ln+ º|:-= <l-+ ¤|ª·º|
l< lt-< ¤¤|¤ +=·i
l< lt< l¤¤-= n|:- ·|¤ª·||- ¤l·|+|
:l÷¤- (+=v= ¤-=-||
¤|¤|l-¤· lº·¤¸-
l< lº·¤¸- ~-¤ -|·|i¤ =n|-|· ¤·|
(lz|¤- (¤
ºniª|¤·
111
The presentations made to institutional investors/analysts are placed
on the website of the Bank (www.pnbindia.in).
The Annual Report is also put on the Bank's website as a measure
of good Corporate Governance.
8. General Shareholders' Information
8.1 11th Annual General Meeting of the shareholders of the
Bank:
The following is the schedule of meeting:
Day & Date : Tuesday, 26th June 2012
Time : 10.00 a.m.
Venue : PNB Auditorium, Central Staff
College, 8, Underhill Road,
Civil Lines, Delhi - 110 054
8.2 Financial Calendar (Tentative)
Approval of financial results for the quarter/period ending -
Q.E. June 30, 2012 - By August 14, 2012.
Q.E. September 30, 2012 - By November 14, 2012
Q. E. December 31, 2012 - By February 14, 2013
Q./Year ended March 31, 2013 - Audited Accounts
By May 30, 2013
8.3 Dates of Book Closure for Dividend-F.Y. 2011-12 & 11th
AGM From 16.06.2012 to 26.06.2012 (both days inclusive)
8.4 Dividend details - Financial Year 2011-12
Dividend: The Board of Directors of the Bank in its meeting
held on 09.05.2012 recommended Dividend of `22/- (i.e.
220%) per Equity Share of `10/- each for the F.Y. 2011-12,
for which 16.06.2012 to 26.06.2012 (both days inclusive)
has been fixed as Book Closure Dates for determining the
entitlement of Shareholders / Beneficial owners to receive the
said Annual Dividend, which will be paid within 30 days of
declaration in the AGM.
8.5 (i) Listing on Stock Exchanges:
The shares of the bank are listed on the following Stock Exchanges:
Stock Exchange Stock Code Date of Initial Listing
National Stock Exchange PNB 24.4.2002
of India Ltd. (NSE)
Bombay Stock Exchange Ltd. (BSE) 532461 25.4.2002
(ii) Payment of Listing Fee and Custodian charges
The annual listing fee to NSE & BSE and annual custody charges to
NSDL & CDSL have since been paid upto date.
=ª·||ª- l-¤z|+|/l¤zn·|+| + =n-| l+¤ ª¤ vª--i+·º| :v¤-ºz|-|
~|l< ¤+ +i ¤¤=|:º ¤· l<¤ ¤|- t :www.pnbindia.in|
~-¤ l-ªln- z||=- + ~-ª¤ ¤|l·|+ l·¤|º ¤+ +i ¤¤=|:º ¤· ·|i <i
¤|-i t
s. =rn rr¤tªrrt¤r ¤ f¬q =¸¤ªr
s.+ ¤¤ ¤ rr¤tªrrt¤r ¤t ++¤t ¤rfrr¤ =rn ¤a¤ .
¤a+ +| +|¤+n := v+|· t ·
l<- ¤ l-l·| · nªn¤|· .· ¤¸- .º¡.
=n¤ · ¤¸¤|r ¡º.ºº ¤¤
ª·||- · ¤i(-¤i ~|l÷º|l·¤n +-:i¤ ªº|¤· +|n¤
º ~÷·ltn ·|÷ l=l¤n n|:=
l<-ni¡¡ºº·:
s.z f¤-rt¤ ¤¬¢zt (=r+rrf¤a¸
l---|l+- =n|-- ~¤l·|/l-n|ti l¤·-i¤ ¤l·º||n| +| ~-n|<-
¤¸- ªº .º¡. +| =n|-- l-n|ti ~ªª- ¡: .º¡. -+
l=--¤· ªº .º¡. +| =n|-- l-n|ti -¤-¤· ¡: .º¡. -+
l<=-¤· ª¡ .º¡. +| =n|-- l-n|ti ¤··¤·i ¡: .º¡ª -+
n|- ª¡ .º¡ª +| =n|-- l-n|ti/¤·| nº||¤·il-|- nº|
ªº n: .º¡ª -+
s.s ¤rt =rra ¤ ª ¤tª ¤t fafºr :¤|l·| + n|·|| z| l¤-| ¤·| .º¡¡¡. ¤
¡¡¤i ~|n ¤ a+| ¡·.º·..º¡. = .·.º·..º¡. -+ :<| -| l<- z||lnn|
s.+ ¬r+rrrr ¤r ª¤rtr - f¤-rt¤ ¤rr zo++-+z ¤ f¬q
¬r+rr rr. ¤ + + l-< z|+ nº÷n - ~¤-i l<-| + º.·..º¡. +|
~|¤| l¤- ¤ a+ n l¤- ¤·| .º¡¡¡. + ln¤ ..º% +i <· =
` ¡º/ + v·¤ + :l+¤ºi z| ¤· ¤· ` ../ vl- z| ¤· ~ l-n n| ·||z|
+i ·|| ·|º|| +i t z| ¤··||·+| /n|·|ª |lt¤| +i n|·|| z| +i ¤|·|-| +
l-z-¤ + ln¤ ¤ti º||- ¤ < +·- +i -|·iº| ¡·.º·..º¡. =
.·.º·..º¡. -+ :<| -| l<- z||lnn| l-·|| l·- +i ª¤i t l¤=+|
·| ª-|- ~|n ¤ a+ n -=+i ·|| ·|º|| + ªº l<-| + ·|i-· +·
l<¤| ¤|(ª|
s.s i¸ tºr¤ q¤=¤¬r ¤t =¸¤t¤t¢r .
¤+ + z|¤· l---lnlº|- ªº|+ (+=-¤| n =¸-i¤z t ·
tºr¤ q¤=¤¬ tºr¤ ¤rz =¸¤t¤t¢r ¤t =rtfr+r¤ fafºr
-z|-n ªº|+ (+=-¤ ¤i(-¤i .:.:..ºº.
~|¤· :l÷¤| ln.-(=:|
n-¤: ªº|+ (+=-¤ lnlnº÷ :¤i(=:| ·ª.:·¡ .·.:..ºº.
ii¸ =¸¤t¤t¢r rrr¤ aºrr =f+rt+rr rrr¤ ¤r +rnarª
(-(=: -·|| ¤i(=: +| ¤|l·|+ =¸-i+·º| z|-+ -·|| (-(=÷i(n ~|·
=i÷i(=(n +| ¤|l·|+ ~l·|·-|| z|-+ ~¤-- ~<| t
112
s.e ¤¤ ¤ rr¤tr ¤ ¤r¬rt n¸r¤ (`¸ =r¤z.¤r¤ fªr¤rªª*
qªq=; ¤tq=; =¤¤a
nr·rr
nrr s-¤ -¤¸ª nr·rr s-¤ -¤¸ª nr·rr
~v n .º¡¡ 1235.00 1173.00 4343412 1234.00 1175.00 430083 4773495
n: 1185.00 1007.00 6532551 1188.00 1009.00 731170 7263721
¤¸- 1108.25 1034.00 3734448 1109.00 1030.00 543039 4277487
¤n|: 1202.00 1082.00 4840642 1200.00 1082.40 476717 5317359
~ªª- 1144.85 900.60 7201583 1143.90 900.35 687409 7888992
l=--¤· 1013.00 895.00 7297011 1013.40 897.45 861366 8158377
~+º¸¤· 1007.90 871.00 5705050 1009.45 872.00 599875 6304925
-¤-¤· 1031.00 845.00 10998119 1029.40 846.00 1543341 12541460
l<=-¤· 944.00 752.80 7640973 944.00 751.10 954691 8595664
¤-¤·i .º¡. 1017.00 756.55 9218089 1014.40 756.70 1358556 10576645
¤··¤·i 1091.05 888.20 10870276 1091.00 889.00 1333250 12203526
n|- 1035.00 898.45 8643369 1035.00 890.10 1071127 9714496
¤¬ 87025523 10590624 97616147
* = |- (-(=: /¤i(=: ¤ ¤=|:º :www.nsecindia.com/www.bseindia.com|
¤·| + <|·|- z|¤· +| n¸-¤ ` ·¡.¡º -·|| ` ¡.ª·.ºº vl- z|¤· + ¤i-
·t| -·|| (-(=: ~|· ¤i(=: n +|·|¤|· +i +n n|·|| º.· +·|÷ z|¤· ·ti
¤¤l+ +n|lºª ªº|+ ¡:.ºº +·|÷ z|¤· ·t|
s.z ¤¤ fª¤ºt ¤t a¬ªr n ¤¤ ¤ rr¤t n¸r¤ ¤r ¤r¤fªr¤rªª
¤i(-¤i +| z|¤· ¤+ l-+ºi +| (+ ·||ª t -·|| :=+| l-·¤|<- l---
~-=|· ·t|
s.s ¤fa rr¤t =r¤zr
(=¤¤ ¸ 2009-10 2010-11 2011-12
~l+- n¸-¤ (`) 10/- 10/- 10/-
ª¡ n|- +i lª·|l- ~-=|· ¤|¤|· n -z- (-(=`) 1012.75 1212.70 925.00
~|¤ (`) 123.86 140.60 154.02
n|·||z| :` ¡º + v·¤+ :l+¤ºi z|¤· ¤·| 22.00 22.00 22.00
n|·||z| (%) (220.00) (220.00) (220.00)
¤ti n¸ -¤ (`) 514.77 661.20 777.42
v<-| n|·||z| :z|z n|·| +| %| 17.76 15.72 15.28
s.v tf¬tºrt q¤ =-at¢r q¬º (=rt qz ºtq¸
(n=i(= ln. ¤| l+ =¤i n ¤¤i|- ·l¤ªº|· (¤ ~--·º| (¤ºº t
¤+ + ·l¤ªº|· (¤ ~--·º| (¤ºº t ¤|l+ l-¤z|+| +| l--- ¤- =
=¤|( -¤n··| +·| ·t t·
qn=tq= f¬fnºz :¤¸l-º ¤i(-¤i|
(¤··· ¤tni nl¤n ~|º|n| :÷ªºi¤n (l·¤| ¤·¤ ¡
-: l<-ni¡¡ºº.º
<¸··||·| =. º¡¡:¡:º·¡:º/·¡/·.
¤i (- ¤i :~·|i·º n|:-| º¡¡:¡ºººº:
¤·+= =. º¡¡:¡ºººº¡
¤i (- ¤i :~·|i·º :nn|· [email protected]
:nn · [email protected]
8.6 Market Price (`) Data / Performance of Bank's shares*
NSE BSE COMBINED
VOLUME
Month HIGH LOW VOLUME HIGH LOW VOLUME
April-11 1235.00 1173.00 4343412 1234.00 1175.00 430083 4773495
May 1185.00 1007.00 6532551 1188.00 1009.00 731170 7263721
June 1108.25 1034.00 3734448 1109.00 1030.00 543039 4277487
July 1202.00 1082.00 4840642 1200.00 1082.40 476717 5317359
August 1144.85 900.60 7201583 1143.90 900.35 687409 7888992
September 1013.00 895.00 7297011 1013.40 897.45 861366 8158377
October 1007.90 871.00 5705050 1009.45 872.00 599875 6304925
November 1031.00 845.00 10998119 1029.40 846.00 1543341 12541460
December 944.00 752.80 7640973 944.00 751.10 954691 8595664
Jan.12 1017.00 756.55 9218089 1014.40 756.70 1358556 10576645
February 1091.05 888.20 10870276 1091.00 889.00 1333250 12203526
March 1035.00 898.45 8643369 1035.00 890.10 1071127 9714496
TOTAL 87025523 10590624 97616147
*Source - NSE/BSE website (www.nseindia.com / www.bseindia.com)
During the year, price of the share ranged between `751.10 to
`1235.00 and total volume traded at NSE & BSE was 9.76 crore
shares as against the floating stock of 14.89 crore shares.
8.7 Performance of Bank's share price in comparison with Bank
Nifty.
The share of the Bank is a part of Bank Nifty and has performed
as shown below:
8.8 Per Share Data
2009-10 2010-11 2011-12
Face Value (`) 10/- 10/- 10/-
Market Quotation as on 31st March -NSE(`) 1012.75 1212.70 925.00
Earnings (`) 123.86 140.60 154.02
Dividend (per Equity Share of `10 each) 22.00 22.00 22.00
Dividend (%) (220.00) (220.00) (220.00)
Book Value (`) 514.77 661.20 777.42
Dividend payout (% of Net Profit) 17.76 15.72 15.28
8.9 Registrar & Transfer Agent (R&TA)
MCS Ltd., a SEBI registered Registrar and Share Transfer Agent
is the Share Transfer Agent of the Bank, who is servicing the
investors at the following address:
MCS Limited (Unit: PNB)
F-65, Ist Floor, Okhla Industrial Area Phase I,
New Delhi 110020
Tele. No. 011-41406149/51/52
PNB (Dedicated Line) : 011 - 41709884
Fax: 011-41709881
PNB (Dedicated e-mail) : [email protected]
e-mail : [email protected]
113
s.+o (i¸ n¸a =¤ n rr¤t
n¸ - ª¤ n z| ¤·| + z| ¤··||·+| = ~- ·| ·| t l+ ¤ z| ¤·| +
~--·º| z| ¤·| + v ·|º| ~¤- ¤- n ¤l·¤- - º ni¤·| -/n| ¤|:n
--¤· : n n ~| · ¤ + ~l·|< z| :¤ + +| -|n ¤-| º||-| = .
n|: +· +| ÷ :·¤|l<| ~| · : + l÷º ~l·|< z| :·¤|l< + = ¤ ·| n ¤ +
+ ·l¤ªº |· (¤ ~--·º| (¤ ºº +| =i·| -+- ¤- ¤· =¸ l-- +·
:== =·|i = < z|| /n|·|| +i ai+ (¤ =n¤ ¤· v|l-- = l-lz-- t|
=+ ªi
(ii¸ rr¤t =at¢r ¤¢rr¬t (n¸a =¤ n rr¤t¸
z| ¤· ~ -·º| =lnl- + ~- n| <- + ¤|< ·l¤ªº |· (¤ z| ¤· ~ -·º|
(¤ -º ,|·| l-·|| l·- =n¤ + ·|i-· n¸ - z| ¤· ~--l·- +· l<¤
¤|- t
s.++ ztnº =¤ n rr¤t
:i| ¤+ + z|¤·| +| +|·|¤|· ~l-¤|¤-· ÷inº ª¤ n ~|: (= ~|: (-
+¸º ~|: (- : ¡·º ( º¡º¡: + ~--ª- l+¤| ¤|-| t <i -z|-n
l=+¤¸l·ºi¤ l÷¤|l¤º·i ln.- (= ÷i (n| -·|| =-ºn l÷¤|l¤º·i
=l¤=¤ lnlnº÷ :=i ÷i (= (n| l÷¤|l¤º·i n ¤+ + z|¤· ÷inº
ª¤ n ·º| ª¤ t
:ii| z| ¤··||·+ l¤-+ ¤|= z| ¤· ÷in º ª¤ n t --= ~- ·| ·| t l+ ¤
~¤- ¤- ¤ + ~l·|< z| :¤ + +| -|n ¤-| º||-| = . n|: +·
+| ÷ :·¤|l<| n ¤l·¤- - -·|| : + l÷º ~l·|< z| ~|l< n ¤l·¤- -
+ =-¤ ·| n =i·| ~¤- l÷¤|l¤º·i =t¤| ªi +| =¸ l-- +· :==
=·|i = < z|| /n|·|| +i ai+ (¤ =n¤ ¤· v|l-- = l-lz-- t|
=+ ªi
s.+z ¤tqª¤t - =ªr¤r¶a rr¤t (s¤a¸ =rra . =¤t fªªrrr ¤
=ª=rt =ªr¤r¶a rr¤tr ¤r ª¤rtr fªrªf¬f=ra r .-
q¤·¤t=r (2005) =r;¤t=r (2002) ¤¬
a. f¤¤t¢r rr¤tªrrt¤r rr¤tr rr¤tªrrt¤r rr¤tr rr¤tªrrt¤r rr¤tr
=. ¤t ¤t ¤¬ ¤t ¤t ¤¬ ¤t ¤t ¤¬
==¤r ==¤r ==¤r ==¤r ==¤r ==¤r
1 ¤·| + v|·-·| ~·||-¸ 374 12874 62 7400 436 20274
¡.º:..º¡¡ +| ¤+|¤|
2 ¤·| + <|·|- z|¤· ~-·º| 3 143 2 500 5 643
+ ln( ~|( z|¤··||·+|
+i =º¤|
3 ¤·| + <|·|- z|¤··||·+| 3 143 2 500 5 643
+i =º¤| l¤-+ z|¤·
~-l·- l+( ª(
4 ¤·| + ~- ~·||-¸ ª¡.ºª..º¡. 371 12731 60 6900 431 19631
+| ¤+|¤| :¡ª|
* vn|lº|- l+¤| ¤|-| t l+ :- z|¤·| ¤· ¤|lºª ~l·|+|· -¤ -+ +i¤ ·tª| ¤¤ -+ +i
:- z|¤·| +| ~=ni ª¤|ni <|¤| -ti +·-|
s.+s s+ nr¤ , zo+z ¤t ftºrfa =ª =rt rr ¤tªrrftar aºrr f¤at¢r
¤ ºª
:i| z|¤··||l·-| ¤º-
rr¤tªrrt¤r ¤t v¢rt ªrrfta ;f¤¤ºt rr¤tr ¤t ¤farraar
·||·- + ·|·º¤l- 56.10
(¤·~|:~|:/(-~|·~|:/~|=i¤i 17.40
8.10 (i) Shares in physical form
Shareholders holding shares in physical form may send
communications regarding transfer of shares, transmission of
shares, change of address with Telephone / Mobile Numbers,
E-mail address, change in Bank mandate (Name of Bank,
Address, Account No., MICR Code etc.) and e-Credit mandate
etc. directly to R&TA of the Bank at the above given address.
This will ensure timely receipt of all communications &
beneficial interests by them.
(ii) Share Transfer System (Physical Shares)
The transfer of physical shares is effected by the R&TA within
the stipulated time on approval by Share Transfer Committee
of the Bank.
8.11 Shares in Demat form.
(i) The Bank's shares are traded compulsorily in Demat mode
under ISIN code INE160A01014. The National Securities
Depository Ltd, (NSDL) and the Central Depository Services
Ltd. (CDSL) are the depositories holding the Bank's share in
Demat form.
(ii) Shareholders holding shares in Dematerialized form, in case
of change in address with Telephone / Mobile Numbers, E-
mail address for communications, Bank mandate (Name of
Bank, Address, Account No, MICR Code etc.), e-Credit
mandate etc. are requested to inform directly to their
Depository Participant. This will ensure timely receipt of all
communications & beneficial interests by them.
8.12PNB-Unclaimed Shares (Suspense) A/c: The details of
unclaimed shares as per SEBI directive is as under:-
FPO (2005) IPO (2002) TOTAL
S. Particulars No.of No. of No.of No. of No.of No. of
No. Share- Shares Share- Shares Share- Shares
holders holders holders
1 Opening at the beginning 374 12874 62 7400 436 20274
of the year i.e.01.04.2011
2 Number of shareholders 3 143 2 500 5 643
approached for transfer of
shares during the year
3 Number of shareholders to 3 143 2 500 5 643
whom shares were
transferred during the year
4 Outstanding at the end of 371 12731 60 6900 431 19631
the year i.e. 31.3.2012 (1-3)
* Certified that voting rights on these shares shall remain frozen till the rightful owner
claims the said shares.
8.13Shareholding and Distribution Pattern as on 31st March
2012
(i) Shareholding Pattern
Shareholders' Category %age Equity shares held
President of India 56.10
FIIs/NRIs/OCBs 17.40
114
¤ +/l¤-|i¤ =ª·||(/¤in| +-¤l-¤| 18.63
-¤-~n ¤·º÷ 3.17
·||·-i¤ +-¤l-¤|/ºªº 1.01
·||·-i¤ ¤-=|·||·º|/l-¤|=i¤- 3.69
¬rz 100.00
(ii¸ ª¡.ª..º¡. +i lª·|l- ~-=|· z|¤··||·+| +i =º¤| 196065
(iii¸ v·¤+ :l+¤ºi z|¤· +| =|+l-+ n¸-¤ (`)10/-
(iv¸ f¤at¢r ¤ºª
rr¤tªrrt¤r ¤¬ rr¤t¤rftar ;f¤¤ºt trfrr ¤¬
¤t ¤t rr¤tr (`) ¤t
==¤r ¤farraar ¤t ==¤r ¤farraar
193337 98.61 500 -+ 10141617 101416170 2.99
1744 0.89 501 = 1000 1217986 12179860 0.36
347 0.18 1001 = 2000 496942 4969420 0.15
122 0.06 2001 = 3000 297518 2975180 0.09
50 0.02 3001 = 4000 179919 1799190 0.05
37 0.02 4001 = 5000 169719 1697190 0.05
100 0.05 5001 = 10000 727619 7276190 0.22
137 0.07 10001 = 50000 3026821 30268210 0.89
56 0.03 50001 = 100000 4013894 40138940 1.18
135 0.07 100001 ~| · ~l·|+ 318906648 3189066480 94.02
¤ ¬: 196065 100.00 100.00 339178683 3391786830 100.00
s+.s.zo+z ¤ =ª=rt rr¤tªrrt¤r çrtr n¸a =¤ n aºrr ztnº =¤ n
ªrrfta rr¤tr ¤r f¤¤t¢r .
a. f¤¤t¢r rr¤tªrrt¤r rr¤tr rr¤tªrrftar
=. ¤t ==¤r ¤t ==¤r ¤r ¤farra
1. n¸- ª¤ n 10614 1719113 0.51
2. ÷inº ª¤ n 185451 337459570 99.49
l¤-n =
i) (-(=÷i(n 149556 145178690 42.80
ii) =i÷i(=(n 35895 192280880 56.69
¤ ¬ (1+2) 196065 339178683 100.00
l¤·-i¤ ¤·| + <|·|- ¤+ - ` ¡º/ vl- :l+¤ºi z|¤· + ~l+- n¸-¤ +
` ººª.·º + :z|¸ n¸-¤ <· ¤· ··.·º¡º :l+¤ºi z|¤· ·||·- =·+|· +|
~|· ·||·-i¤ ¤i¤- ¤in| l-ªn +| ¡·º:º·º :l+¤ºi z|¤· ~l·|n|-
~|¤ º- ~|·||· + ª¤ n ¤|·i l+( l¤=+ ¤·nª¤ª¤ ¤ + +|
` ..::ºº·º:ºº.º: +i ·|lz| v|-- t:
s.++ s+.os.zo+z ¤t ftºrfa =ª=rt +rrnrf¬¤ =rªrrt ¤t rr¤tªrrt¤r
¤t ftºrfa
;¬ ¤º r fª¤ n¸ a =¤ n ¤ ¬
rrrt ¤r ªrn rr¤tªrrt¤ ¤farra rr¤t ¤farra rr¤tªrrt¤ ¤farra rr¤t ¤farra rr¤tªrrt¤ ¤farra rr¤t ¤farra
~tn<|¤|< 7969 4.30 439895 0.13 63 0.59 7100 0.41 8032 4.10 446995 0.13
¤ªn|· 8732 4.71 464651 0.14 241 2.27 40753 2.37 8973 4.58 505404 0.15
---: 6582 3.55 594098 0.18 468 4.41 82423 4.79 7050 3.60 676521 0.20
l<-ni 20840 11.24 191831346 56.85 1036 9.76 152880 8.89 21876 11.16 191984226 56.60
t <·|¤|< 4187 2.26 223473 0.07 198 1.87 34615 2.01 4385 2.24 258088 0.08
+| n+-|| 6140 3.31 445605 0.13 331 3.12 60551 3.52 6471 3.30 506156 0.15
n-¤: 26738 14.42 137476348 40.74 497 4.68 80755 4.70 27235 13.89 137557103 40.56
(-=i~|· 7222 3.89 458008 0.14 298 2.81 44582 2.59 7520 3.84 502590 0.15
~-¤ 97041 52.33 5526146 1.64 7482 70.5 1215454 70.7 104523 53.31 6741600 1.99
¤ ¬ 185451 100 337459570 100 10614 100 1719113 100 196065 100 339178683 100
Banks/Financial Institutions/Insurance Companies 18.63
Mutual Funds 3.17
Domestic Companies/Trusts 1.01
Indian Public/Resident Individuals 3.69
Total 100.00
(ii) No. of shareholders as on 31.3.2012 196065
(iii) Nominal value of each Equity Share (`)10/-
iv) Distribution Pattern
No. of % age Shareholding No. of Amount % age
Share- of equity (`) to
holders Total Shares Total
193337 98.61 Upto 500 10141617 101416170 2.99
1744 0.89 501 to 1000 1217986 12179860 0.36
347 0.18 1001 to 2000 496942 4969420 0.15
122 0.06 2001 to 3000 297518 2975180 0.09
50 0.02 3001 to 4000 179919 1799190 0.05
37 0.02 4001 to 5000 169719 1697190 0.05
100 0.05 5001 to 10000 727619 7276190 0.22
137 0.07 10001 to 50000 3026821 30268210 0.89
56 0.03 50001 to 100000 4013894 40138940 1.18
135 0.07 100001 and above 318906648 3189066480 94.02
Total: 196065 100.00 100.00 339178683 3391786830 100.00
Details of shares held by the Shareholders in Physical & Demat
form as on 31.3.2012
S. Particulars No. of No. of %
No. Shareholders Shares Shareholding
1. Physical 10614 1719113 0.51
2. Demat 185451 337459570 99.49
of which
i) NSDL 149556 145178690 42.80
ii) CDSL 35895 192280880 56.69
Total (1+2) 196065 339178683 100.00
During the Financial Year Bank issued 65,25,919 Equity Shares to
Govt. of India and 1,58,40,607 Equity Shares to LIC of India of
` 10/- each on preferential allotment basis at a premium of ` 993.69
per Equity Share and the amount received by the Bank on this
account is ` 22,44,90,58,480.94.
8.14 Geographical spread of Shareholders as on 31.03.2012
ELECTRONIC PHYSICAL TOTAL
CITY NAME HOLDER per SHARES per HOLDER Per SHARES PER% Holder Per Share Per
% % % % % %
AHMEDABAD 7969 4.30 439895 0.13 63 0.59 7100 0.41 8032 4.10 446995 0.13
BANGALORE 8732 4.71 464651 0.14 241 2.27 40753 2.37 8973 4.58 505404 0.15
CHENNAI 6582 3.55 594098 0.18 468 4.41 82423 4.79 7050 3.60 676521 0.20
DELHI 20840 11.24 191831346 56.85 1036 9.76 152880 8.89 21876 11.16 191984226 56.60
HYDERABAD 4187 2.26 223473 0.07 198 1.87 34615 2.01 4385 2.24 258088 0.08
KOLKATA 6140 3.31 445605 0.13 331 3.12 60551 3.52 6471 3.30 506156 0.15
MUMBAI 26738 14.42 137476348 40.74 497 4.68 80755 4.70 27235 13.89 137557103 40.56
NCR OTH 7222 3.89 458008 0.14 298 2.81 44582 2.59 7520 3.84 502590 0.15
OTHER 97041 52.33 5526146 1.64 7482 70.5 1215454 70.7 104523 53.31 6741600 1.99
TOTAL 185451 100 337459570 100 10614 100 1719113 100 196065 100 339178683 100
115
s.+s l¤·-i¤ ¤·| .º¡¡¡. + <|·|- ¤+ - +|: ·|i ¤i÷i~|·/(÷i~|·/¤|·ºº
~·|¤| +|: ·|i ¤l·¤--i¤ l¤nº| ¤|·i -ti l+¤| t
s.+e ¤·rr¤rt ¤r ¤ar .-
i| +-¤-i =l-¤
¤¤|¤ -z|-n ¤+
z|¤· l¤·||ª l¤·- v·||ª
· ==< n|ª -: l<-ni¡¡ººº¡
ii| <¸··||·| =. º¡¡.ª¡¡··ª .ª¡ººº·
iii| ¤·+= · º¡¡.ª··ºº
iv| ;-n¬ . [email protected]
¶a ¤¬r¤ ªrrª¬ ¤¤
tºrrª . ª; fªr¬t (¤.=rt. ¤rna¸
fªªr¤ . ov.os.zo+z =ª¤+r q¤ ¤¤ªr fªªrr¤
8.15Bank has not issued any GDRs/ADRs/Warrants or any
convertible instruments during the financial year 2011-12.
8.16Address for Correspondence
i) The Company Secretary
Punjab National Bank
Share Department, Finance Division
5, Sansad Marg, New Delhi 110001
ii) Tel. No. 011- 23711663, 23719086
iii) Fax : 011-23766079,
iv) e-mail : [email protected]
For Punjab National Bank
Place: New Delhi (K. R. Kamath)
Date: 09/05/2012 Chairman & Managing Director
116
Declaration
The Bank has laid down a Code of Conduct for all the Board
Members and Senior Management Personnel of the Bank, which is
posted on the website of the Bank i.e. www.pnb.india.in /About
Us/Organisational Structure
The Board Members and Senior Management have affirmed
compliance to the Code of Conduct in accordance with Clause 49
(I) (D) of the Listing Agreement entered into with Stock Exchanges.
For Punjab National Bank
Place: New Delhi (K. R. Kamath)
Date: 09/05/2012 Chairman & Managing Director
rrr rr¢rr
¤+ - =·|i ¤|÷ =<ª¤| -·|| ¤l··a v¤·|- ¤ª + ~l·|+|l·¤| + ln(
~|-|· =lt-| -¤|· +i t l¤= ¤+ +i ¤¤ =|:º www.pnb.india.in/
About Us/Organisational Structure ¤· <z||¤| ª¤| t
¤|÷ + =·|i =<ª¤| -·|| ¤l··a v¤·|- - ªº|+ (+=-¤ + =|·| =¸-i+·º|
+·|· + º|º÷ :º:I| :÷i| + ~-=|· ~|-|· =lt-| + ~-¤|n- +i ¤l·º
+i t
¶a ¤¬r¤ ªrrª¬ ¤¤
tºrrª . ª; fªr¬t (¤.=rt. ¤rna¸
fªªr¤ . ov.os.zo+z =ª¤+r q¤ ¤¤ªr fªªrr¤
117
Auditors' Certificate
To the members of Punjab National Bank
We have examined the compliance of conditions of Corporate
Governance by Punjab National Bank for the year ended 31st March
2012, as stipulated in Clause 49 of the Listing Agreement of the
Bank with Stock Exchanges.
The compliance of conditions of Corporate Governance is the
responsibility of the Management. Our examination was limited to
procedures and implementation thereof, adopted by the Bank for
ensuring the compliance of the condition of Corporate Governance.
It is neither an audit nor an expression of opinion on the financial
statements of the Bank.
In our opinion and to the best of our information and according to
the explanations given to us, we certify that the Bank has complied
with the conditions of Corporate Governance as stipulated in the
above mentioned Listing Agreement to the extent these do not
violate RBI guidelines.
We state that no investor grievance is pending for a period exceeding
one month against the Bank as per the records maintained by the
Shareholders/Investors Grievances Committee.
We further state that such compliance is neither an assurance as to
the future viability of the Bank nor the efficiency or effectiveness
with which the management has conducted the affairs of the Bank.
For and on behalf of
M/s V. K. Verma & Co. M/s Mookherjee Biswas & Pathak
Chartered Accountants Chartered Accountants
FRN 000386N FRN 301138E
(Vivek Kumar) (A. Chatterjee)
Partner Partner
Membership No.503826 Membership No.061551
M/s Amit Ray & Co. M/s Sarda & Pareek
Chartered Accountants Chartered Accountants
FRN 000483C FRN 109262W
(Basudeb Banerjee) (Niranjan Joshi)
Partner Partner
Membership No. 070468 Membership No. 102789
M/s Borkar & Muzumdar M/s G. S. Madhava Rao & Co.
Chartered Accountants Chartered Accountants
FRN 101569W FRN 001907S
(B M Agarwal) (G. Manikya Prasad)
Partner Partner
Membership No. 033254 Membership No. 020105
Place: New Delhi
Date: 09/05/2012
¬=rr¤tt+r¤r ¤r ¤nr¢r¤·r
¤¤|¤ -z|-n ¤+ + =<ª¤ªº|
tn- ¤+ + z|¤· ¤|¤|· + =|·| t( =¸-i¤z ~-¤·| + º|÷ :º n
¤·||l-l<·º ª¡ n|- .º¡. +| =n|-- t( ¤·| + ln¤ l-ªln- z||=- +i
z|-| +| ¤¤|¤ -z|-n ¤+ ,|·| ~-¤|n- l+( ¤|- +i ¤|- +i t
l-ªln- z||=- +i z|-| + ~-¤|n- +i l¤-n<|·i v¤·|- +i t tn|·i ¤|-
l-ªln- z||=- +i z|-| + ~-¤|n- + =l-z-¤ t- ¤+ ,|·| ~ªi|-
+|¤¤zl-¤| -·|| --+ l+¤|-¤¤- -+ ti =iln- t
¤t - -| nº|| ¤·i-|| t ~|· - ti ¤+ +i l¤-|i¤ l¤¤·lº|¤| ¤· ·|¤ +i
~l·|·¤l+- t
tn|·i ·|¤ n -·|| tn <i ª¤i =¸--| (¤ tn l<¤ ª¤ ª¤·ºi+·º|| + ~-=|·
tn vn|lº|- +·- t l+ ¤+ - -¤¤+- =¸-i¤z +·|· n ¤·||l-l<·º l-ªln-
z||=- +i z|-| +| := =in| -+ ~-¤|n- l+¤| t l+ --= ·||·-i¤ l·¤¤
¤+ + n|ªl-<z|| +| --n·|- -ti t|-| t
tn =¸l-- +·- t l+ z|¤··||·+|/l-¤z|+| +i lz|+|¤- =lnl- ,|·| ·º| ª(
l·+|÷ + ~-=|· l+=i l-¤z|+ +i ¤+ + l¤ªz +|: lz|+|¤- (+ n|t
= ~l·|+ =n¤ = nl-¤- -ti ¤÷i t
tn ¤t ·|i =¸l-- +·- t l+ := v+|· +| ~-¤|n- - -| ¤+ +i ·||¤i
·¤¤t|¤-| ~|· - ti v¤·|- ,|·| ¤+ +| +|n+|¤ -n|- n -=+i <-|-|
~·|¤| v·||¤z|in-| + vl- +|: ~|z¤|=- <-| t
|- -·|| l--- +i ~|· =
n== ¤i + ¤n| (÷ +-¤-i n== nº|¤i l¤ª¤|= (÷ ¤|a+
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ºººªº· (- (¤· ~|· (- ªº¡¡ªº:
:l¤¤+ +n|·|. -º¤i|
=|¤<|· =|¤<|·
=<ª¤-| =. ·ºªº.· =<ª¤-| =. º·¡··¡
n== ~ln- · (÷ +-¤-i n== =|·<| (÷ ¤|·i+
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ººº:ºª =i (¤· ~|· (- ¡ºº.·.÷·-¤¸
:¤|=<¤ ¤-¤i| :l-·¤- ¤|z|i|
=|¤<|· =|¤<|·
=<ª¤-| =. º:·º =<ª¤-| =. ¡º.ºº
n== ¤|·+· (÷ n¤n<|· n== ¤i.(=. n|·|¤ ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ¡º¡··º÷·-¤¸ (¤· ~|· (- ºº¡ºº(=
:¤¤n|t- ~ª¤|n| :¤i. n|lº|+¤ v=|<|
=|¤<|· =|¤<|·
=<ª¤-| =. ºªª.·: =<ª¤-| =º º.º¡º·
ª·||- · -: l<-ni
l<-|+ · ºº.º·..º¡.
120
s+ nr¤, zo+z ¤t ftºrfa ¤ =ª=rt a¬ª-¤·r
BALANCE SHEET AS ON 31ST MARCH, 2012
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
=ª=¸¤t s+.os.+z ¤r s+.os.++ ¤r
Schedule As on 31.03.12 As on 31.03.11
¤¸¬t =rt ª¤arq
CAPITAL & LIABILITIES
¤¸¤i 1 3391786 3168122
Capital
¤|·l-|- l-l¬ ~|· ~l¬z|·| 2 274778944 211917450
Reserves & Surplus
¤n|·|lz|¤| 3 3795884792 3128987266
Deposits
-¬|· 4 372642705 315896905
Borrowings
~-¤ <¤-|( ~|· ¤|¤¬|- 5 135241793 123282659
Other Liabilities and Provisions
¬rz.TOTAL 4581940020 3783252402
=rfta¤r
ASSETS
-+<i ~| · ·||·-i¤ l·¤¤ ¤ + + ¤|= ¤n| z|·| 6 184928960 237768960
Cash & Balances with Reserve Bank of India
¤+| + ¤|= ¤n| z|·| ~|· n|ª -·|| ~-¤ =¸--| ¤· ¤|-¤ ¬- 7 103351375 59143156
Balances with Banks & Money at call & short notice
l-¤z| 8 1226294688 951623475
Investments
~lªn 9 2937747567 2421066661
Advances
~-n ~|lª-¤| 10 31688611 31055961
Fixed Assets
~-¤ ~|lª-¤| 11 97928819 82594189
Other Assets
¬rz.TOTAL 4581940020 3783252402
~|+lªn+ < ¤-|( 12 2080366488 1269337218
Contingent Liabilities
¤=¸ ni + ln( l¤n 167134061 119815388
Bills for Collection
¤n=r ¬=rr¤ª ªtfa¤r 17
Significant Accounting Policies
¬=rr fºt¤f¢r¤r 18
Notes on Accounts
¡ = ¡º +i ~-=¸l-¤| =¤l¬- nº|| +| ~l·|-- ~ª t
The Schedules 1 to 18 form an integral part of the Accounts.
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--| -·|| ~--=¸¤ nº¤n ·|+z| =ai + ~|· +|n-
nº¤ ¤ ¤¬+ -¤ nt|¤ ¤¬+ nt|¤¤¬+ +|¤ ¤|n+ l-<z|+ +|¤ ¤|n+ l-<z|+ ~·¤-| (¤ ¤ ¤-¬ l-<z|+
M NANDAKUMAR R R VOORE V K KHANNA USHA ANANTHASUBRAMANIAN RAKESH SETHI K R KAMATH
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR CHAIRMAN & MANAGING DIRECTOR
~-·|ª ¤ - ¤=¤i· l=t ¤i ¤i -| ¬·i (n ( ~--n ¤ <i¤ +n|· (n ¤i l=t (n (- ª|¤i-|·| ÷i + l=ªn| =-in ª--|
l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+
ANURAG JAIN JASBIR SINGH B B CHAUDHRY M A ANTULAY PRADEEP KUMAR M P SINGH M N GOPINATH D K SINGLA SUNIL GUPTA
DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR
rnrtt =r¬ ¤t ft¤r º ¤ =ª =rt.As per our Report of even date
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤ª¤|= (÷ ¤|a+ +- ~ln- · (÷ +-¤-i +- =|·<| (÷ ¤|·i+ +- ¤|·+· (÷ n¤n<|· +- ¤i (= n|¬¤| ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co. For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Acccountants Chartered Accountants Chartered Acccountants
:¤ <i¤ ¤n| =|¤<|·| -º¤i =|¤<|·| :¤|=<¤ ¤-¤i =|¤<|·| :l-·¤- ¤|z|i=|¤<|·| :¤i (n ~ª ¤|n=|¤<|·| :¤i n|lº|+¤ ¤ =|<=|¤<|·|
=<ª¤ =º¤| 088393, (¤·~|·(- 000386(- =<ª¤ = º¤| 061551, (¤·~|·(- 301138: =<ª¤ =º¤| 070468, (¤·~|·(- 000483=i =<ª¤ =º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ =º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ =º¤| 020105, (¤·~|·(- 001907(=
(Pradeep Verma-Partner) (A Chatterjee- Partner) (Basudeb Banerjee-Partner) (Niranjan Joshi-Partner) (B M Agarwal-Partner) (G Manikya Prasad-Partner)
M No.088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place: ª; fªr¬t.New Delhi
121
s+ nr¤, zo+z ¤r =nrta ¤rr ¤ f¬q ¬r+r-rrfª =rrar
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2012
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
=ª=¸¤t s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
Schedule year ended 31.03.12 year ended 31.03.11
I. =r¤
INCOME
~l¤ - ·¤|¤ 13 364280305 269864800
Interest earned
~-¤ ~|¤ 14 42026043 36125803
Other Income
¬rz.TOTAL 406306348 305990603
II. ª¤¤
EXPENDITURE
º|- l+¤| ª¤| ·¤|¤ 15 230135908 151791441
Interest expended
¤l·-|n- º|- 16 70027511 63642242
Operating expenses
¤|¤¬|- ~|· ~|+lªn+-|¤ 57300885 46221967
Provisions and Contingencies
¬rz.TOTAL 357464304 261655650
III. ¬r+r - =¤f¤ ¤ f¬q rr q ¬r+r 48842044 44334953
PROFIT - Net Profit for the period
¤|÷· n|·| ¤ t|l- º||- n ¤n| z|·| 0 0
Add: Balance in Profit & Loss A/c
l¤l-¤|¤- + ln( -¤n·¬ n|·| 48842044 44334953
Profit Available for Appropriation
IV. f¤fª¤r ¬ª
APPROPRIATIONS
l---lnlº|- +| ~-·º|·
Transfer to :
=|l¤l¬+ ¤|·l-|- l-l¬¤| 12210511 11083740
Statutory Reserves
¤¸¤i ¤|·l-|- l-l¬ 330207 120165
Capital Reserves
·|¤ª¤ -·|| ~-¤ ¤|·l-|- l-l¬¤| 26345208 23650494
Revenue & Other Reserves
.º¡¡¡. + ln( ¤ ª-|l¤- n|·|| z|..º· +i <· = 7461931 6969867
:¤·| .º¡º¡¡ + ln( ..º· +i <· = ¤ <-||
Dividend @220 % proposed for the year 2011-12
(@220% paid for the year 2010-11)
.º¡¡¡. + ln( ¤ ª-|l¤- n|·||z| ¤· +· 1210511 1130687
Tax on Dividend proposed for the year 2011-12
¤|÷ · n|·||z| ¤· +· + ln( ¤|¤¬|- = ~-l·- z|·| -78824 0
Add: Balance Transferred from provision for Tax on Dividend
~|¤+· ~l¬l-¤n + ~-=|· l¤z|·| ¤ |·l-|- l-l¬ 1362500 1380000
Special reserve as per Income Tax Act
n|·| ¤ t|l- º||- n z|·| 0 0
Balance in Profit & Loss Account
¬rz.TOTAL 48842044 44334953
¤ l- z|¤· ~¤ - :~l+- n¸-¤ `| :n¸ n/-- + -| 154.02 140.60
Earning per Share (`) (Basic/DilTuted)
¤n=r ¬=rr¤ª ªtfa¤r
Significant Accounting Policies 17
=rrar = =¤f¤a fºt¤f¢r¤r
Notes on Accounts 18
¡ = ¡º +i ~-=¸l-¤| =¤l¬- nº|| +| ~l·|-- ~ª t
The Schedules 1 to 18 form an integral part of the Accounts.
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--| -·|| ~--=¸¤ nº¤n ·|+z| =ai + ~|· +|n-
nº¤ ¤ ¤¬+ -¤ nt|¤ ¤¬+ nt|¤¤¬+ +|¤ ¤|n+ l-<z|+ +|¤ ¤|n+ l-<z|+ ~·¤-| (¤ ¤ ¤-¬ l-<z|+
M NANDAKUMAR R R VOORE V K KHANNA USHA ANANTHASUBRAMANIAN RAKESH SETHI K R KAMATH
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR CHAIRMAN & MANAGING DIRECTOR
~-·|ª ¤ - ¤=¤i· l=t ¤i ¤i -| ¬·i (n ( ~--n ¤ <i¤ +n|· (n ¤i l=t (n (- ª|¤i-|·| ÷i + l=ªn| =-in ª--|
l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+
ANURAG JAIN JASBIR SINGH B B CHAUDHRY M A ANTULAY PRADEEP KUMAR M P SINGH M N GOPINATH D K SINGLA SUNIL GUPTA
DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR
rnrtt =r¬ ¤t ft¤r º ¤ =ª =rt.As per our Report of even date
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤ª¤|= (÷ ¤|a+ +- ~ln- · (÷ +-¤-i +- =|·<| (÷ ¤|·i+ +- ¤|·+· (÷ n¤n<|· +- ¤i (= n|¬¤| ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co. For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Acccountants Chartered Accountants Chartered Acccountants
:¤ <i¤ ¤n| =|¤<|·| -º¤i =|¤<|·| :¤|=<¤ ¤-¤i =|¤<|·| :l-·¤- ¤|z|i=|¤<|·| :¤i (n ~ª ¤|n=|¤<|·| :¤i n|lº|+¤ ¤ =|<=|¤<|·|
=<ª¤ =º¤| 088393, (¤·~|·(- 000386(- =<ª¤ = º¤| 061551, (¤·~|·(- 301138: =<ª¤ =º¤| 070468, (¤·~|·(- 000483=i =<ª¤ =º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ =º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ =º¤| 020105, (¤·~|·(- 001907(=
(Pradeep Verma-Partner) (A Chatterjee- Partner) (Basudeb Banerjee-Partner) (Niranjan Joshi-Partner) (B M Agarwal-Partner) (G Manikya Prasad-Partner)
M No.088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place: ª; fªr¬t.New Delhi
122
=ª=¸¤t + - ¤¸¬t
SCHEDULE 1 - CAPITAL
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
¤rf¤¤a
300,00,00,000 :l+¤ºi z|¤· ¤ ·¤+ `¡º +|
Authorised
300,00,00,000 Equity Shares of ` 10 each 30000000 30000000
¬rtt aºrr =f+rª-r
¤·¤+ `¡º + 33,91,78,683 :l+¤ºi z|¤· :l¤¤n ¤·| 31,68,12,157 -·||
2,23,66,526 ¤-n|- ¤·| n ¤|·i `¡º ¤ ·¤+ + :l+¤ºi z|¤·|
Issued & Subscribed
33,91,78,683 (Previous year 31,68,12,157 & 2,23,66,526 issued in 3391786 3168122
Current Year Equity Shares of ` 10 each )
¤ª-r
33,91,78,683 ::-n +< i¤ =·+|· ,|·| ¬|l·- 19,02,76,876
:l+¤ºi z|¤· z||lnn t l¤¤n ¤·| 31,68,12,157 l¤-n +-< i¤
=·+|· ,|·| ¬|l·- `¡º ¤ ·¤+ + 18,37,50,957 z|¤· z||lnn t |
Paid Up
33,91,78,683 ( includes 19,02,76,876 3391786 3168122
Equity Shares held by Central Government -
Previous year 31,68,12,157 includes
18,37,50,957 held by Central Government
Equity Shares of `10 each )
¬rz.TOTAL 3391786 3168122
=ª=¸¤t z - ¤rtf+ra fªf¤¤r =rt =f¤rrrr
SCHEDULE 2 - RESERVES & SURPLUS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. =rf¤f¤¤ ¤rtf+ra fªf¤¤r
Statutory Reserves
¤|·l-·|+ z|·|
Opening Balance 56580431 45496691
¤·| + <|·|- ¤lz
Addition during the year 12210511 11083740
68790942 56580431
II. ¤¸¬tna ¤rtf+ra fªf¤¤r
Capital Reserves
¤¸ ¤ªn¸r¤ª ¤rtf+ra fªf¤
a) Revaluation Reserve
¤|·l-·|+ z|·|
Opening Balance 14707556 14919857
¤·| + <|·|- +º|l-¤|
:¤l·=-¤l-| + ¤-n¸ -¤- ·||ª ¤· n¸-¤r|=|
Deduction during the year 212301 212301
(being depreciation on revalued portion of property)
~-¤ ¤|·l-|l-¤| n ~-·º|
Transfer to Other Reserves 0 0
14495255 14707556
=r¸ =-¤
b) Others
¤|·l-·|+ z|·|
Opening Balance 10315680 10195515
¤·| + <|·|- ¤lz
Addition during the year 330207 120165
10645887 10315680
123
=ª=¸¤t z - ¤rtf+ra fªf¤¤r =rt =f¤rrrr
SCHEDULE 2 - RESERVES & SURPLUS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
III. rr¤t ¤tfn¤n
Share Premium
¤|·l-·|+ z|·|
Opening Balance 21939189 20114285
¤·| + <|·|- ¤lz
Addition during the year 22225392 1824904
¤·| + <|·|- +º|l-¤|
Deduction during the year 0 0
44164581 21939189
IV. tr¬t¤ aºrr =-¤ ¤rtf+ra fªf¤¤r
Revenue and other Reserves
¤¸ fª¤rr ¤rtf+ra fªf¤
a) Investment Reserve
¤|·l-·|+ z|·|
Opening Balance 1071089 1071089
¤|÷· n|·| ¤ t|l- l¤l-¤|¤- nº| = ~-·º|
Add :Transfer from P&L Appropriation A/c 0 0
·|º|(· n|·| ¤ t|l- l¤l-¤|¤- nº| n ~-·º|
Less:Transfer to P&L Appropriation A/c 0 0
1071089 1071089
=r¸ f¤fª¤n rrº-¤z ¤rtf+ra fªf¤
b) Exchange Fluctuation Reserve
¤|·l-·|+ z|·|
Opening Balance 0 5674
¤|÷· ¤·| + <|·|- ¤lz
Add : Addition during the year 0 0
·|º|(· ¤·| + <|·|- +º|-i :z|z|
Less: Deduction during the year (Net) 0 5674
0 0
n¸ =r¤¤t =f¤fª¤n +ve+ ¤t ¤rtr 36(1)(viii) ¤ =-ana f¤rrrr ¤rtf+ra fªf¤
c) Special Reserve under Sec.36(1) (viii) of Income Tax Act, 1961
¤|·l-·|+ z|·|
Opening Balance 4388800 3008800
~-¤ ¤|·l-|- l-l¬¤| = ~-l·-
Transferred from Other Reserves 0 0
¤·| + <|·|- ¤lz
Addition during the year 1362500 5751300 1380000 4388800
rr¸ =-¤ ¤rtf+ra fªf¤
d) Other Reserve
¤|·l-·|+ z|·|
Opening Balance 102914705 79264249
¤·| + <|·|- ¤lz
Addition during the year 26945208 23650494
·|º|(· l¤z|·| ¤ |·l-|- l-l¬ ~|¤+· +| ~-l·-
Less: Transferred to Special Reserves I.Tax 0 0
¤|÷· ¤-n¸-¤- ¤|·l-|- l-l¬¤| = ~-l·-
Add: Transfer from Revaluation Reserves 0 0
·|º|(· ~¤ªz º||-| + ln( ·|ª-|-
Less: Payment for blocked accounts 23 38
129859890 102914705
V. ¬r+r-rrfª =rra n rrrr
Balance in Profit & Loss Account 0 0
Total of I, II, III, IV,V ¤r ¬rz 274778944 211917450
124
=ª=¸¤t s - ¬nrtrfrr¤r
SCHEDULE 3 - DEPOSITS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. nrn ¬nrtrfrr¤r
Demand Deposits
(i) ¤+| =
From Banks 21768322 23640083
(ii) ~-¤ =
From Others 262954090 244735858
284722412 268375941
II. ¤¤a ¤¤ ¬nrtrfrr¤r
Savings Bank Deposits 1056570278 934874246
III. nt¤rªt ¬nrtrfrr¤r
Term Deposits
~ (i) ¤+| =
A From Banks 146669301 120489638
(ii) ~-¤ =
From Others 2307922801 1805247441
2454592102 1925737079
Total I, II & III ¤r ¬rz 3795884792 3128987266
¤ (i) ·||·- n lª·|- z||º||~| +i ¤n|·|lz|¤|
B Deposits of branches in India 3705951691 3072550996
(ii) ·||·- = ¤|t· lª·|- z||º||~| +i ¤n|·|lz|¤|
Deposits of branches outside India 89933101 56436270
TOTAL B (i) ¤ & (ii) (=r¸ ¤r ¬rz 3795884792 3128987266
=ª=¸¤t + - s¤rt
SCHEDULE 4 - BORROWINGS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n s¤rt
Borrowings in India
(i) ·||·-i¤ l·¤¤ ¤+
Reserve Bank of India 100000000 91000000
(ii) ~-¤ ¤+| =
Other Banks 219982 139462
(iii) ~-¤ =ª·||~| ~|· (¤l=¤| =
Other Institutions and Agencies 15877971 24472298
(iv) =¤fa+r¸a ¤faª¤ ¤r¢z
Unsecured Redeemable Bonds
+| ºi¤· ¤|º÷ :¤ln¤|<i +º| lnº|-|
a) Tier-I Bonds (Perpetual Debt Instruments) 20205000 20205000
º|| ~¤· ºi¤· ¤|º÷
b) Upper Tier-II Bonds 66100000 66100000
ª| ºi¤· ¤¸¤i + ln( ª| º| +º|
c) Subordinate debts for Tier II Capital 25598000 25598000
111903000 111903000
II. +rrta = ¤rrt s¤rt
Borrowings outside India 144641752 88382145
Total of I, II ¤r ¬rz 372642705 315896905
s¤¤¤a ì q¤ ìì n rrrfn¬ ¤fa+r¸a s¤rt
Secured Borrowings included in I & II above 90000000 80000000
125
=ª=¸¤t s - =-¤ ª¤arq =rt ¤r¤¤rª
SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. <¤ l¤n
Bills Payable 21389500 20969537
II. ~-· +|¤| n¤ =n|¤|¤- :z|z|
Inter-Office adjustments (net) 551023 314422
III. -¤l-- ·¤|¤
Interest accrued 5830521 4671759
IV. ~|ª·|lª- +· <¤-| :z|z|
Deferred Tax Liability (Net) 0 0
V ~-¤ :¤ |¤¬|-| =lt-|
Others (including Provisions) 107470749 97326941
Total of I, II, III, IV, V ¤r ¬rz 135241793 123282659
=ª=¸¤t e - ª¤ªt =rt +rrtat¤ ft”r¤ ¤¤ ¤ ¤r= rrrr
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. rrºr n ª¤ªt (f¤ªrrt nªr ªrºr =fra¸
Cash in hand (including foreign currency notes) 19352609 17236650
II. +rrtat¤ ft”r¤ ¤¤ ¤ ¤r= rrrr
Balance with Reserve Bank of India
-|n¸ º||- n/In Current Account 165576351 220532310
~-¤ º||- n/In Other Account 0 0
Total of I & II ¤r ¬rz 184928960 237768960
=ª=¸¤t z - ¤¤r ¤ ¤r= ¬nr rrrr, nrn =rt =r¤ =¸¤ªr ¤t ¤rt¤ ¤ª
SCHEDULE 7 - BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n/In India
(i) ¤+| + ¤|= z|·|
Balances with Banks
+| -|n¸ º||-| n
a) In Current Accounts 7941778 4814624
º|| ~-¤ ¤n| º||-| n
b) In Other Deposit Accounts 31406317 15508177
39348095 20322801
(ii) n|ª ~|· ~-¤ =¸--| ¤· ¤|-¤ ¬-
Money at Call and Short Notice
+| ¤+| + ¤|=
a) with Banks 4500000 6750000
º|| ~-¤ =ª·||~| + ¤|=
b) with Other Institutions 17174380 21674380 0 6750000
¬rz.TOTAL 61022475 27072801
II. +rrta = ¤rrt/Outside India
(i) ¤+| + ¤|=
Balances with Banks
+| -|n¸ º||-| n
a) In Current Accounts 13864719 15304884
º|| ~-¤ ¤n| º||-| n
b) In Other Deposit Accounts 18289140 14758696
(ii) n|ª ~|· ~-¤ =¸--| ¤· ¤|-¤ ¬-
Money at Call & Short Notice 10175041 2006775
¬rz.TOTAL 42328900 32070355
GRAND TOTAL of I, II ¤r ¤¬ ¬rz 103351375 59143156
126
=ª=¸¤t s - fª¤rr
SCHEDULE 8 - INVESTMENTS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n fª¤rr . =¤¬
Investments in India : Gross 1217874833 945584826
·|º|(· n¸-¤r|= + ln( ¤ |¤¬|-
Less: Provision for Depreciation 5177706 3507075
·||·- n z|z l-¤z|
Net Investment in India 1212697127 942077751
(i) =·+|·i ¤l-·|¸l-¤|
Government Securities 997594498 795017209
(ii) ~-¤ ~-n|l<- ¤l-·|¸l-¤|
Other Approved Securities 2232704 3738616
(iii) z| ¤·
Shares 26109283 22329166
(iv) l÷¤-· ~|· ¤|º÷
Debentures and Bonds 76367478 48628853
(v) ~-·|lª¤| ~|·/~·|¤| =¤+- -¤n
:¤|¤|l¤- =ª·||~| =lt-|
Subsidiaries and/or joint ventures 2938748 5095793
(including sponsored institutions )
(vi) ~-¤
:l¤l·|-- -¤¸-~n ¤·÷ ¤ ¤|lº|l-¤+ ¤·| ~|l< n|
Others 107454416 67268114
Various Mutual Funds & Commercial Papers etc.
TOTAL of I ¤r ¬rz 1212697127 942077751
II. +rrta = ¤rrt fª¤rr . =¤¬
Investments Outside India : Gross 13597561 9545724
·|º|(· n¸-¤r|= + ln( ¤ |¤¬|-
Less: Provision for depreciation 0 0
·||·- = ¤|t· z|z l-¤z|
Net Investments outside India 13597561 9545724
(i) ª·||-i¤ ¤|l¬+·º|| =lt- =·+|·i ¤l-·|¸l-¤|
Govt. securities including local authorities 0 0
(ii) ~-·|lª¤| ~|·/~·|¤| l¤<z| n =¤+- -¤n
Subsidiary and / or Joint ventures abroad 10585712 6969168
(iii) ~-¤
Others 3011849 2576556
TOTAL of II ¤r ¬rz 13597561 9545724
GRAND TOTAL of I, II ¤r ¤¬ ¬rz 1226294688 951623475
127
=ª=¸¤t v - =fnn
SCHEDULE 9 - ADVANCES
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
~ (i) º|·i< ~|· ·|-|¤ ª( l¤n
A Bills purchased and discounted 74205416 69399801
(ii) -+< -¬|· ~|¤·÷|+º ~| · n|ª ¤· <¤ +º|
Cash Credits, Overdrafts & Loans repayable on demand 1436070954 1144910937
(iii) ni¤|<i +º|
Term Loans 1427471197 1206755923
¬rz.Total 2937747567 2421066661
~| (i) n¸- ~|lª-¤| ,|·| ¤l-·|¸- ::=n ¤ti +º|| ¤· l<( ª¤ ~lªn z||lnn t|
B Secured by tangible assets 2529029442 2011617312
(Includes advances against Book Debts)
(ii) ¤+/=·+|· +i ª|·ºi ,|·| =·l-|-
Covered by Bank/Government guarantees 162105592 109578868
(iii) ~¤l-·|¸-
Unsecured 246612533 299870481
¬rz.Total 2937747567 2421066661
; (I) +rrta n fª¤rr
C Advances in India
(i) ¤|·|ln+-| -|·|
Priority Sector 920329524 786370084
(ii) =|¤ ¤l-+ -|·|
Public Sector 226727123 179024286
(iii) ¤+
Banks 15040423 131506782
(iv) ~-¤
Others 1558099647 1195131635
¬rz.Total 2720196717 2292032787
; (II) +rrta = ¤rrt =fnn
C Advances outside India
(i) ¤¤r = ¤rt¤
Due from Banks 180262372 110500665
(ii) =-¤ = ¤rt¤
Due from Others
:+|º|·i< ~| · ·|-|( ª( l¤n
(a) Bills Purchased & Discounted 5174505 4483847
:º||ni¤|<i +º|
(b) Term Loan 22600698 9349099
:ª| ~-¤
(c) Others 9513275 4700263
¬rz.Total 217550850 129033874
¤¬ ¬rz GRAND TOTAL ( Total of ; C I & II ¤r ¬rz) 2937747567 2421066661
128
=ª=¸¤t +o - =¤¬ =rfta¤r
SCHEDULE 10 - FIXED ASSETS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
=. n¸a =rfta¤r
A TANGIBLE ASSETS
I. ¤ft=t
Premises
l¤¤n ¤·| +i ªº n|- +i n|ª-/n¸-¤|+- ¤·
At cost / valuation as on 31st March of the preceding year 25979369 21000800
~¤l¬ + <| ·|- ¤lz
Addition during the period 372407 4978569
26351776 25979369
~¤l¬ + <| ·|- +º| -i
Deduction during the period 0 0
26351776 25979369
~¤ -+ n¸ -¤r|=
:¤-n¸ -¤- ·|lz| ¤· n¸-¤r|= =lt-|
Depreciation to date 3099819 2812599
(Including on revalued amount) 23251957 23166770
II. =-¤ =¤¬ =rfta¤r (¤·ªt¤t =rt f¤·¤=¤t =fra¸
Other Fixed Assets (Including Furniture & Fixtures)
l¤¤n ¤·| +i ª¡ n|- +i nª- ¤·
At cost as on 31st March of the preceding year 23143695 20368097
~¤l¬ + <| ·|- ¤lz
Addition during the period 3317298 3632079
26460993 24000176
~¤l¬ + <| ·|- +º| -i
Deduction during the period 784732 856481
25676261 23143695
~¤ -+ n¸ -¤r|=
Depreciation to date 17610886 15696690
8065375 7447005
III ¤º¸º¤r¬t =rfta¤r
Leased Assets
l¤¤n ¤·| +i ª¡ n|- +i n|ª- ¤·
At cost as on 31st March of the preceding year 252386 252386
252386 252386
~¤l¬ + <| ·|- ¤lz/=n|¤|¤-
Addition/adjustment during the period 0 0
~¤l¬ + <| ·|- +º| -i
Deduction during the period 0 0
252386 252386
~¤ -+ ¤l·z||¬-/¤º¸º| =n|¤|¤-
Amortisation / lease adjustment to date 251508 250779
878 1607
Total of I, II, III ¤r ¬rz 31318210 30615382
=r =n¸a =rfta¤r
B INTANGIBLE ASSETS
¤rt¤¸ºt =r¤º¤¤t
Computer Software
l¤¤n ¤·| +i ª¡ n|- +i n|ª- ¤·
At cost as on 31st March of the preceding year 1867268 1756344
~¤l¬ + <| ·|- ¤lz
Addition during the period 109215 162524
1976483 1918868
~¤l¬ + <| ·|- +º| -i
Deduction during the period 0 51600
1976483 1867268
~¤ -+ ¤l·z||l¬-
Amortised to date 1606082 1426689
¬rz.Total 370401 440579
¤¬ ¬rz GRAND TOTAL (=+=r¸ (A+B) 31688611 31055961
129
=ª=¸¤t ++ - =-¤ =rfta¤r
SCHEDULE 11 - OTHER ASSETS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. -¤l-- ·¤|¤
Interest accrued 28560070 21322548
II. l<¤| ª¤| ~lª n +· / = |- ¤· +|º| ª¤| +·
Tax paid in advance / tax deducted at source 10577668 8701762
III. nº|-=|nªi ~|· ªº|-¤
Stationery and stamps 84633 73194
IV. <|¤| + l-¤º|- t- ¤|-- ª·¤l+ª ~|lª-¤|
Non-banking assets acquired in satisfaction of claims 2498 2498
V. ~|ª·|lª- +· ~|lª-¤| :z|z|
Deferred tax asset (net) 4180736 3730284
VI. ~-¤
Others 54523214 48763903
Total of I, II, III, IV, V, VI ¤r ¬rz 97928819 82594189
=ª=¸¤t +z - =r¤ftn¤ ª¤arq
SCHEDULE 12 - CONTINGENT LIABILITIES
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I (i) ¤ + + l¤ªz (= <|¤ l¤-t +º| + ª¤ n -ti n|-| ª¤| t
Claims against the Bank not acknowledged as debts 2500064 2550135
(ii) ~¤in| =<·|| ~|l< + ~¬i- l¤¤|l<- ~|¤ +· ¤ ·¤|¤ +· n|ª
Disputed income tax and interest tax 11608700 8814313
demands under appeals, references,etc.
II. ~|lz|+ ª¤ = ¤ <-| l-¤z|| + ln( <¤-|(
Liability for partly paid investments 115 115
III. ¤+|¤| ¤|¤<| l¤l-n¤ =l¤<|~| + +|·º| <¤-|(
Liability on account of outstanding forward exchange contracts 1298150508 669483255
IV. ª|t+| +i ~|· = <i ª¤i ª|·lº¤|
Guarantees given on behalf of constituents:
(+) ·||·- n
(a) In India 242085299 206560148
(º|) ·||·- = ¤|t·
(b) Outside India 180555668 123704153
V. ª¤i+l-¤| ¤·a|+- ~|· ~-¤ <|l¤·¤
Acceptances, endorsements and other obligations 342678091 254679884
VI. ~-¤ n< l¤-+ ln( ¤ + ~|+lªn+ ª¤ = l¤-n<|· t
Other items for which the Bank is contingently liable 2788043 3545215
Total of I, II, III, IV, V, VI ¤r ¬rz 2080366488 1269337218
130
=ª=¸¤t +s - =f¬a ª¤r¬
SCHEDULE 13 - INTEREST EARNED
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. ~lªn|/l¤n| ¤· ·¤|¤/¤º¸º|
Interest/discount on advances/bills 284466813 211045485
II. l-¤z|| = ~|¤
Income on Investments 76923364 56375478
III. ·||·-i¤ l·¤¤ ¤ + + ¤|= ¤n|z|·| ~| · ~-¤ ~-· ¤ + l-l¬¤| ¤· ·¤|¤
Interest on balances with Reserve Bank of 2125136 842016
India and other Inter-Bank funds
IV. ~-¤
Others 764992 1601821
Total of I, II, III, IV ¤r ¬rz 364280305 269864800
=ª=¸¤t ++ - =-¤ =r¤
SCHEDULE 14 - OTHER INCOME
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. +niz|- l¤l-n¤ ~| · <n|ni
Commission, Exchange and Brokerage 23748130 20451934
II. l-¤z|| +i l¤+i = n|·|
Profit on sale of Investments 4079719 3295244
·|º|(· l-¤z|| +i l¤+i = t|l-
Less: Loss on sale of Investments 610949 303524
3468770 2991720
III. -¤¸-~n ¤·÷/ª· ~-n|l<- z|¤·| + ¤¸l-º| = n|·||z| ~|¤
Dividend Income from Units of Mutual Fund / Unapproved Shares 1928951 2159635
IV. l-¤z|| + ¤-n¸-¤- = n|·|
Profit on revaluation of Investments 0 0
·|º|(· l-¤z|| + ¤-n¸-¤-/¤l·z||¬- = t|l-
Less: Loss on revaluation of Investments/Ammortisation 0 0
0 0
V. ·|¸ln ·|¤- ~| · ~-¤ ~|lª-¤| +i l¤+i = n|·|
Profit on sale of land, buildings and other assets 45103 34176
·|º|(· ·|¸ln ·|¤- ~| · ~-¤ ~|lª-¤| +i l¤+i = t|l-
Less: Loss on sale of land, buildings and other assets 2608 3657
42495 30519
VI. l¤l-n¤ n-<- = n|·|
Profit on exchange transactions 5914424 3810662
·|º|(· l¤l-n¤ n-<- = t|l-
Less: Loss on exchange transacations 135504 23684
5778920 3786978
VII. ·||·- n -·|| l¤<z| n ~-·|lª¤|/+-¤l-¤| ~|·/~·|¤|
=¤+- -¤n| = n|·||z| + ª¤ n ~l¤- ~|¤
Income earned by way of dividends etc. from subsidiaries / 261147 263422
companies and / or joint ventures in India & abroad.
VIII. l¤l¤¬ ~|¤
Miscellaneous Income 6797630 6441595
Total of I, II, III, IV, V, VI, VII & VIII ¤r ¬rz 42026043 36125803
131
=ª=¸¤t +s - =r¤ f¤¤r n¤r ª¤r¬
SCHEDULE 15 - INTEREST EXPENDED
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. ¤n|·|lz|¤| ¤· ·¤|¤
Interest on Deposits 213964731 137953826
II. ·||·-i¤ l·”|¤ ¤+ +/~-· ¤+ -¬|·| ¤· ·¤|¤
Interest on Reserve Bank of India/inter-bank borrowings 4174924 2576378
III. ~-¤
Others 11996253 11261237
Total of I, II, III ¤r ¬rz 230135908 151791441
=ª=¸¤t +e - ¤ft¤r¬ª ª¤¤
SCHEDULE 16 - OPERATING EXPENSES
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. +n-|l·¤| +| ·|ª-|- ~|· --+ ln( ¤|¤¬|-
Payments to and Provisions for employees 47234799 44611020
II. l+·|¤| +· ~| · l¤¤ni
Rent, Taxes and Lighting 3630524 3075726
III. n<º| (¤ nº|-=|nªi
Printing and Stationery 594626 509608
IV. l¤a|¤- ~|· ¤-|·
Advertisement and Publicity 371596 396764
V. ¤ + +i =¤l-| ¤· n¸-¤r|= / ¤l·z||¬-
Depreciation/Amortisation on Bank's property 3134902 2770781
·|º|(· ¤-n¸-¤- ¤|·l-|- l-l¬ = =n|¤|l¤-
Less: Adjusted with Revaluation Reserve 212301 212301
2922601 2558480
VI. l-<z|+| +i ¤·i= ·|-| (¤ º|-
Directors' fees, allowances and expenses 12495 14617
VII. nº|| ¤·i-|+| +i ¤·i= ~|· º|- :z||º|| nº||¤·i-|+| +i ¤·i= ~|· º|- =lt-|
Auditors' fees and expenses (including branch auditors' fees & expenses) 523495 435730
VIII. l¤l¬ ¤ ·||·
Law Charges 216752 169234
IX. ÷|+ -|· ºni¤·|- ~|l<
Postage, Telegrams, Telephones, etc. 1056350 1032711
X. n·-n- ~| · ·º|·º||¤
Repairs and Maintenance 1008462 846614
XI. ¤in|
Insurance 3159441 2616486
XII. ~-¤ ·¤¤
Other expenditure 9296370 7375252
Total of I to XII ¤r ¬rz 70027511 63642242
132
SCHEDULE 17
SIGNIFICANT ACCOUNTING POLICIES
1. BASIS OF PREPARATION:
The financial statements have been prepared on the historical
cost basis and conform, in all material aspects, to Generally
Accepted Accounting Principles (GAAP) in India which
encompasses applicable statutory provisions, regulatory norms
prescribed by Reserve Bank of India (RBI), Accounting
Standards (AS) and pronouncements issued by The Institute
of Chartered Accountants of India (ICAI) and prevailing
practices in Banking industry in India.
Use of Estimates
The preparation of financial statements requires the
management to make estimates and assumptions considered
in the reported amounts of assets and liabilities (including
contingent liabilities) as of date of the financial statements
and the reported income and expenses for the reporting
period. Management believes that the estimates used in the
preparation of the financial statements are prudent and
reasonable.
2. METHOD OF ACCOUNTING:
The Financial Statements have been prepared on the going
concern basis with accrual concept and in accordance with
the accounting policies and practices consistently followed
unless otherwise stated.
3. FIXED ASSETS
3.1 Fixed assets are stated at historical cost except those premises,
which have been revalued. The appreciation on revaluation is
credited to revaluation reserve and incremental depreciation
attributable to the revalued amount is deducted there from.
3.2 a. Depreciation on assets (including land where value is
not separable) are provided on straight-line method
based on estimated life of the asset.
b. Depreciation on assets has been provided at the rates
furnished below:-
Particulars Rate of Depreciation
Land acquired on perpetual lease
where no lease period is mentioned Nil
Land acquired on lease where lease
period is mentioned Over lease period
Building
- Constructed on free hold land and on
leased land, where lease period is above
40 years 2.50%
- Constructed on leased land where lease
period is below 40 years Over lease period
Furniture and fixtures- Steel articles 5.00%
Furniture and fixtures-wooden articles 10.00%
Mattresses 20.00%
Mobile Phone Instruments 33.33%
=ª=¸¤t-+z
¬=rr f¤f¤ =r¤-¤t ¤n=r ªtfa¤r
+. a¤rt ¤tª ¤r =r¤rt
l¤-|i¤ l¤¤·º| ¤·| ¤·-¤·|ª- n|ª- + ~|¬|· ¤· -¤|· l+¤ ª¤ t
-·|| =nª- nt·¤¤¸º| <l·º¤| = ·||·- n =|n|-¤-· ª¤i+- nº||+-
l=z|--| :¤i((¤i| + ~-ª¤ t l¤-n n|ª¸ =|l¤l¬+ v|¤¬||-
·||·-i¤ l·¤¤ ¤+ ,|·| l-¬|l·- l¤l-¤|n+ n|-<º÷ ·||·-i¤ =-<i
nº||+|· =ª·||- ,|·| ¤|·i nº||+- n|-<º÷ -·|| a|¤- ¤ ·||·- n
¤l+ª -¤|ª n n|¤¸<| v·||( ·|i z||lnn t
¤r¤¤¬ªr ¤r s¤¤rn
l¤·-i¤ l¤¤·lº|¤| +| -¤|· +·- + ln( v¤-¬- +| l·¤|lºª ~¤l¬
+ ln( ~|lª-¤| ¤ <¤-|~| :~|+lªn+ <¤-|~| =lt-| +i -=
lª·|l- +i l¤·-i¤ l¤¤·lº|¤| n =¸l-- ·|lz|¤| -·|| =¸l-- ~|¤ ¤ ·¤¤
+i ·|lz|¤| n ~-n|-| ~|· n|-¤-|~| ¤· l¤-|· +·-| ~¤l-|- t
v¤¬- +| n|--| t l+ l¤·-i¤ l¤¤·lº|¤| +| -¤|· +·- n v¤+-
~-n|- l¤¤+¤¸º| ~|· ~|l-·¤¤¸º| t
z. ¬=rr¤ª ¤fa
l¤-|i¤ l¤¤·º| l-·--· +|·|¤|· + ~|¬||· ¤· -·|| ~-¤·|| -l-nlº|-
+| ¤|÷+· nº||+- -il-¤| -·|| l-·--· ~¤-|: ¤| ·ti v·||~| +
~-=|· -¤|· l+¤ ª¤ t
s. =¤¬ =rfta¤r
ª.¡ l¤- ¤l·=·| +| ¤ -n ¸ -¤- t| - +| t --t ¤| ÷ +· ~-¤ ~-n ~|lª-¤|
+| --+i ¤·-¤·|ª- n|ª- ¤· l<º||¤| ¤|-| t ¤ -n ¸ -¤- ¤· t : ¤ l,
+| ¤ -n ¸ -¤- v|·l-|- l-l¬ n ¤n| l+¤| ¤|-| t ~| · -= ¤· n¸ -¤r|=
+ ln( l+( ª( v|¤¬|- +| -=n = +n +· l<¤| ¤|-| t
ª.. + ~|lª-¤| :¤t| +in- ~nª - +i ¤| =+-i t| ¤t| ·|¸ln
=lt-| ¤· n¸-¤r|= + ln¤ v|¤¬|- ~|lª- +i v·¤|lz|- ~|¤
+ ~|¬|· ¤· =i¬i ·º|| ¤zl- + ~-=|· l+¤| ¤|-| t
º| (=i ~|lª-¤| ¤· n¸-¤r|= l---lnlº|- <·| ¤· v<|- l+¤| ª¤|
t·
f¤¤t¢r n¸r¤çr= ¤t ªt
¤ln¤|<i ¤º¸º ¤· ni ª: ·|¸ln ¤t| ¤º¸º +i
~¤l¬ +| --nº| -ti t z|¸-¤
¤º¸º ¤· ni ª: ·|¸ln ¤t| ¤º¸º +i ~¤l¬ ¤º¸º +i ~¤l¬ ¤·
+| --nº| t ·|¤-
¤·i t|-÷ ~|· ¤º¸º ¤|ni ·|¸ln ¤· l-ln-
¤t| ¤º¸º +i ~¤l¬ :º ¤·| = ~l¬+ t ..·º%
¤º¸º ¤|ni ·|¸ln ¤· l-ln- ¤t| ¤º¸º +i
~¤l¬ :º ¤·| = +n t ¤º¸º +i ~¤l¬ ¤·
¤·-i-· ~|· l¤·+=-= ªºin ¤ª-( ·.ºº%
¤·-i-· ~|· l¤·+=-= n+÷i +i ¤ª-( ¡º.ºº%
ªª .º.ºº%
n|¤|:n ¤·|- -¤+·º| ªª.ªª%
133
Particulars Rate of Depreciation
Machinery, electrical and miscellaneous articles 15.00%
Motor cars and cycles 15.00%
Computers, ATMs and related items 33.33%
Computer Application Software - Intangible Assets
- Up to Rs. 5,000 Charged to Revenue
- Others 20.00%
c. Assets taken over from erstwhile New Bank of India and
Nedungadi Bank Ltd are depreciated based on their
estimated life based on broad groups / categories instead
of individual assets.
d. Depreciation on additions to assets is provided from the
month in which the asset is put to use and in case of
assets sold/disposed of during the year, up to the month
preceding the month in which it is sold/ disposed of.
4. ADVANCES
4.1 Advances are classified as performing and non-performing
assets; provisions are made in accordance with prudential
norms prescribed by RBI.
4.2 Advances are stated net of provisions in respect of non-
performing assets.
4.3 Offices outside India / Offshore Banking Units:
a Advances are classified under categories in line with those
of Indian Offices.
b Provisions in respect of advances are made as per the
local law requirements or as per the norms of RBI,
whichever is higher.
4.4. Financial Assets sold are recognized as under:
a. In case the sale is at a price lower than the Net Book
Value (NBV) the shortfall is charged to the Profit and
Loss Account.
b. In case the sale is at a price higher than the NBV, the
surplus provision is retained to meet shortfall/loss on
account of sale of other non-performing financial assets.
4.5 For restructured/rescheduled advances, provisions are made
in accordance with guidelines issued by RBI.
5. INVESTMENTS
5.1 Investments are classified into six categories as stipulated in
form A of the third schedule to the Banking Regulation Act,
1949.
5.2 Investments have been categorized into "Held to Maturity",
"Available for Sale" and "Held for Trading" in terms of RBI
guidelines. Securities acquired by the Bank with an intention
to hold till maturity is classified under "Held to Maturity".
5.3 The securities acquired by the Bank with an intention to trade
by taking advantage of short-term price/ interest rate
movements are classified under "Held for Trading".
f¤¤t¢r n¸r¤çr= ¤t ªt
nz|i-·i l¤¤ni ~|· l¤l¤¬ ¤ª-( ¡·.ºº%
n|º·+|· (¤ =|:+n ¡·.ºº%
+--¤¸º· (ºi(n ~|· =¤l¬- ¤ª-( ªª.ªª%
+--¤¸º· ~-v¤|ª =|+º¤¤· ~n¸- ~|lª-¤|
ª¤¤ ·ººº/ -+ ·|¤ª¤ n v·||l·-
~-¤ .º%
ª ¤¸¤¤-i -¤¸ ¤+ ~|¤· :l÷¤| -·|| -<ª÷i ¤+ lnº = ~l¤-
~|lª-¤| + n|nn n ~nª~nª ~|lª- + =¤¬ n v·¤|lz|-
~|¤ ~|+- + ª·||- ¤· n|º -|· ¤· =n¸t| / v¤ª| + ln(
~|+i ª¤i t
·| ~|lª-¤| n t( ¤l·¤¬-| + n|nn n n¸-¤t|= +| v|¤¬||-
--+ v¤|ª n ~|- + n|= = ~|· ¤·| + <|·|- ¤-i/ l-¤º|:
ª: ~|lª-¤| + n|nn n v|¤¬||- -= n|t = ¤¸¤ n|= -+
l+¤| ¤|-| t l¤= n|= n ~|lª- ¤-i/l-¤º|: ª: t
+. =fnn
:.¡ ~lªn| +| ¤ªi+·º| ~¤+ ~|· ~-¤+ ~|lª-¤| + ª¤ n l+¤|
¤|-| t ~|· --+ ln( ·||·-i¤ l·¤¤ ¤+ ,|·| l-¬|l·- l¤¤+¤¸º|
n|-<÷| + ~-=|· v|¤¬|- l+¤| ¤|-| t
:.. ~-¤+ ~|lª-¤| + =-¤-¬ n v|¤¬|- + ¤z-|-¸ ~lªn| +| <z||¤|
¤|-| t
:.ª ·||·- = ¤|t· +|¤|n¤/ -ºi¤ ¤l+ª :+|:¤| ·
+ ~lªn| +| ¤ªi+·º| -=i v+|· l+¤| ª¤| t ¤=| ·||·-i¤
+|¤|n¤| + ln( l+¤| ¤|-| t
º| ~lªn| + =-¤-¬ n v|¤¬|- ª·||-i¤ +|-¸-i ~¤-||~| + ~-=|·
~·|¤| ·||·-i¤ l·¤¤ ¤+ + n|-<÷| + ~-=|· ¤| ·|i
~l¬+ t l+¤| ª¤| t
:.: ¤-i ª: l¤·-i¤ ~|lª-¤| +| l---lnlº|- ª¤ n n|-| ª¤| t·
+| ¤l< z| z ¤ti n¸ -¤-¤i¤i| = +n n¸ -¤ ¤· l¤+i t| -i
t -| -= +ni +| n|·| ¤ t|l- º||- n ¤ ·||l¤- l+¤| ¤|-|
t
º|| ¤l< l¤+i z|z ¤ti n¸-¤ = ~l¬+ n¸-¤ ¤· t|-i t -| ~-¤
~-¤+ ~|lª-¤| +i l¤+i = t: +ni/ ·||º +| ¤¸·| +·- +
ln( ~l¬+ v|¤¬|- ·º|| ¤|-| t
:.· ~lªn| +| ª¤ª¤ ¤<n ¤|-/ --+i l+ª-| +i =º¤| n ¤l·¤-- l+(
¤|- +i lª·|l- n ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| + ~-=|·
v|¤¬|- l+¤| ¤|-| t
s fª¤rr
·.¡ l-¤z|| +| ¤l+ª l¤l-¤n- ~l¬l-¤n ¡º:º +i -i=·i ~-=¸-i +
¤·|n ( n ¤·||l-l<·º ¤t >lº|¤| n ¤ªi+- l+¤| ª¤| t
·.. ·||·-i¤ l·¤ ¤ ¤ + + n|ª l-< z|| + ~- ª¤ l-¤ z|| +| ''¤l·¤+¤-| -+
·º| ª('' ''l¤+i t - -¤n·¬'' -·|| ''·¤|¤|· t - ·º| ª('' > lº|¤| n
¤ªi + - l+¤| ¤|-| t ¤ + ,|·| ¤l·¤+¤-| -+ ·º| ¤|- +i n z|| =
~l¤ - vl-·|¸ l-¤| +| ¤l·¤+¤-| -+ ·º|i ª: ' > º|i n ·º|| ª¤| t
·.ª ¤+ ,|·| ~-¤|¤l¬ + n¸-¤ / ·¤|¤ <· v¤l-|¤| +| n|·| -a|- t(
·¤|¤|· t- ·º| ¤|- +i nz|| = ~l¤- vl-·|¸l-¤| +| ''·¤|¤|· t- ·º|
ª('' l-¤z|| n ¤ªi+- l+¤| ª¤| t
134
5.4 The securities, which do not fall within the above two
categories, are classified under "Available for Sale".
5.5 Transfer of securities from one category to another is carried
out at the lower of acquisition cost/ book value/ market value
on the date of transfer. The depreciation, if any, on such
transfer is fully provided for.
5.6 In determining acquisition cost of an investment
a. Brokerage / commission received on subscription is
deducted from the cost of securities.
b. Brokerage, commission etc. paid in connection with
acquisition of securities are treated as revenue expenses.
c. Interest accrued up to the date of acquisition of securities
i.e. broken-period interest is excluded from the
acquisition cost and the same is accounted in interest
accrued but not due account.
5.7 Investments are valued as per RBI/ FIMMDA guidelines, on
the following basis:
Held to Maturity
i) Investments under "Held to Maturity" category are carried
at acquisition cost. Wherever the book value is higher
than the face value/redemption value, the premium is
amortized over the remaining period to maturity.
ii) Investments in subsidiaries/joint ventures/associates are
valued at carrying cost less diminution, other than
temporary, in nature.
iii) Investments in sponsored regional rural banks are valued
at carrying cost.
iv) Investment in venture capital is valued at carrying cost.
Available for Sale and Held for Trading
a) Govt. Securities
I. Central Govt. Securities At market prices/YTM as
published by Fixed Income
Money Market And
Derivatives Association of
India (FIMMDA)
II. State Govt. Securities On appropriate yield to
maturity basis as per
FIMMDA/RBI guidelines.
b) Securities guaranteed by On appropriate yield to
Central / State Government, maturity basis as per
PSU Bonds (not in the nature FIMMDA/RBI guidelines
of advances)
c) Treasury Bills At carrying cost
d) Equity shares At market price, if quoted,
otherwise at break up value
of the Shares as per latest
Balance Sheet (not more
than one year old), otherwise
at Re.1 per company
·.: ¤| vl-·|¸l-¤| -¤¤+- <|-| >lº|¤| n -ti ~|-i --t ''l¤+i t-
-¤n·¬'' >º|i + ~¬|i- ¤ªi+- l+¤| ª¤| t
·.· (+ >º|i = <¸=·i >º|i n vl-·|¸l-¤| + ~-·º| ~-·º| +i l-l·| +|
~l¬ªtº| n|ª- / ¤ti n¸-¤ / ¤|¤|· n¸-¤ ¤| ·|i +n t| ¤· l+¤|
ª¤| t ¤l< (= ~-·º| ¤· +|: n¸-¤r|= t| -| -=+ ln( ¤¸·|
v|¤·||- l+¤| ª¤| t
·.· l+=i l-¤z| +i ~l¬ªtº| n|ª- l-¬|l·- +·- n·
+. =·=l+-z|- ¤· v|-- <n|ni/+niz|- vl-·|¸l-¤| +i n|ª- =
+|ºi ª¤i t
º|. vl-·|¸l-¤| + ~l¬ªtº| + =-¤-¬ n =<·- <n|ni +niz|-
·|¤ª¤ ·¤¤| + ª¤ n n|-i ª¤i t
ª. vl-·|¸l-¤| + ~l¬ªtº| +i l-l·| -+ -¤l-- ·¤|¤ ~·||-¸
º|l÷- ~¤l¬ ·¤|¤ +| ~l¬ªtº| n|ª- = ·|º| l<¤| ¤|-| t
~|· -= -¤l-- ¤·-- - <¤ ·¤|¤ º||- n ·º|| ¤|-| t
·. ·||·-i¤ l·¤¤ ¤+ / (¤·~|n(n÷i( + l<z||l-<z||-=|· l-¤z| +|
n¸-¤- l---lnlº|- ~|¬|· ¤· l+¤| ¤|-| t·
¤ft¤¤¤ar a¤ t=r nq.
i| ''¤l·¤+¤-| -+ ·º| ª¤'' >º|i + ~¬i- l-¤z|| +| ~¤-
n|ª- ¤· ln¤| ¤|-| t ¤t| +ti ~l+- n¸-¤ / vl-<|- n¸-¤
= ¤ti n¸-¤ ~l¬+ t| -| viln¤n +| ¤l·¤+¤-| +i z|·|
~¤l¬ + ln( ¤l·z||l¬- l+¤| ¤|-| t
ii| ~-·|lª¤| / =¤+- -¤n| / =t¤|lª¤| n ~ª·||¤i l-¤z| = l·|--
¤+l- + l+¤ ª¤ l-¤z| +| n¸-¤- ·º||¤ n = r|= ·|º|+·
~¤- n|ª- ¤· l+¤| ¤|-| t
iii| v|¤|l¤- -|·|i¤ ª|niº| ¤+| n l-¤z|| +| n¸-¤|+- ·º||¤ n|ª-
¤· l+¤| ¤|-| t
iv| -¤n ¤¸ ¤i n l-¤ z|| +| n¸ -¤| +- ·º||¤ n|ª- ¤· l+¤| ¤|-| t
f¤at ra s¤¬ª¤ =rt ª¤r¤rt ra t=r n¤
¤ =t¤rtt ¤fa+r¸fa¤r
I. +-:i¤ =·+|· +i vl-·|¸l-¤| l¤·+=÷ :-+n n-i n|+º (º÷
÷ l·¤ lº·= (=| l=(z|- ~| ¤·
:l÷¤|¤·~|n(n÷i(| ,|·|
¤·| | v+| l z| - ¤| ¤ | ·
n¸-¤|/¤l·¤+¤-| ¤·
II. ·|-¤ =·+|·| +i vl-·|¸l-¤| (¤·~|n(n÷i(/ ·||·-i¤ l·¤¤
¤+ + n|ª l-<z|| + ~-=|·
-¤¤+- ¤l·¤+¤-| v|l-- ~|¬|·
¤·
º|| +:i¤/·|-¤ =·+|·| ,|·| (¤·~|n(n÷i(/ ·||·-i¤
ª|·ºiz|<| vl-·|¸l-¤| l·¤¤ ¤+ n|ª l-<z|| +
=|¤¤l-+ -|·| + -¤+n| + ~-=|· -¤¤+- ¤l·¤+¤-|
¤|º÷:~lªn| +i v+l- + -ti| v|l-- ~|¬|· ¤·
ª| º¤·i l¤n ·º||¤ n|ª- ¤·
·|| :l+¤ºi z|¤· ¤l< +|º l+¤| ª¤| t| -|
¤|¤|· n¸-¤ ¤· ~-¤·||
-¤i--n -n-¤·| :¤| (+
¤·| = ¤·|-| - t|| +
~-=|· z|¤·| + ¤+~¤
n¸-¤ ¤· ~-¤·|| vl- +¤-i
`¡/
135
e) Preference shares At market price, if quoted
or on appropriate yield to
maturity basis not exceeding
redemption value as per RBI/
FIMMDA guidelines.
f) Bonds and debentures (not At market price, if quoted, or
in the nature of advances) on appropriate yield to
maturity basis as per RBI/
FIMMDA guidelines.
g) Units of mutual funds As per stock exchange
quotation, if quoted; at
repurchase price/NAV, if
unquoted
h) Commercial paper At carrying cost
i) Certificate of Deposits At carrying cost.
j) Security receipts of ARCIL At net asset value of the
asset as declared by ARCIL
k) Venture Capital Funds At net asset value (NAV)
declared by the VCF
l) Other Investments At carrying cost less
diminution in value
The above valuation in category of Available for Sale and Held
for Trading are done scrip wise and depreciation / appreciation
is aggregated for each classification. Net depreciation for each
classification if any is provided for while net appreciation is
ignored.
5.8 Investments are subject to appropriate provisioning/ de-
recognition of income, in line with the prudential norms of Reserve
Bank of India for NPI classification. The depreciation/provision in
respect of non-performing securities is not set off against the
appreciation in respect of the other performing securities.
5.9 Profit or loss on sale of investments in any category is taken
to Profit and Loss account but, in case of profit on sale of
investments in "Held to Maturity" category, an equivalent
amount is appropriated to "Capital Reserve Account".
5.10 Securities repurchased/resold under buy back arrangement
are accounted for at original cost.
5.11 The derivatives transactions are undertaken for trading or
hedging purposes. Trading transactions are marked to market.
As per RBI guidelines, different category of swaps are valued
as under: -
Hedge Swaps
Interest rate swaps which hedges interest bearing asset or
liability is accounted for on accrual basis except the swap
designated with an asset or liability that is carried at market
value or lower of cost in the financial statement.
Gain or losses on the termination of swaps are recognized
over the shorter of the remaining contractual life of the swap
or the remaining life of the asset/ liabilities.
÷.| ~l¬n|- z|¤· ¤l< +|º l+¤| ª¤| t| -|
¤|¤|· n¸-¤ ¤· ~-¤·||
·||·-i¤ l·¤¤ ¤+/(¤·~|n
(n÷i( n|ªl-<z|| + ~-=|·
-¤¤+- ¤l·¤+¤-| ¤· l+-
vl-<|- n¸-¤ = ~l¬+ -ti
-| ¤ ¬¤·| ~| · l÷¤ -· :~lª n| ¤l< +| º l+¤| ª¤| t| -| ¤|¤ |·
+i v+l- + -ti| n¸-¤ ¤· ~-¤·|| ·||·-i¤ l·¤¤
¤+/(¤·~|n(n÷i(
n|ªl-<z|| + ~-=|· -¤¤+-
¤l·¤+¤-| vl-¤·n ¤·
¤| -¤¸-~n ¤·º÷| + ¤¸l-º ¤l< +|º l+¤| ª¤| t| -|
ªº|+ (+=-¤ + ·||¤ +
~-=|· ~|· ¤l< +|º - l+¤|
ª¤| t| -| ¤-º|·i<
n¸-¤/(-(¤i ¤·
¤.| ¤|lº|l-¤+ ¤¤· ·º||¤ n|ª- ¤·
¤| ¤n| vn|º|¤·| ·º||¤ n|ª- ¤·
~|| (~|·=i~|n +i vl-·|¸l- ·=i< (~|·=i~|n ,|·| +i ª:
·||·|º|| + ~-=|· ~|lª- +
z|z ~|lª- n¸-¤ ¤·
º| -<¸¤n ¤¸¤i l-l¬¤| -<¸¤n ¤¸¤i l-l¬¤| ,|·| +i
ª: ·||·|º|| + ~-=|· ~|lª-
+ z|z ~|lª- n¸-¤ ¤·
a| ~-¤ l-¤z| ·º||¤ n|ª- n = r|= ·|º|+·
l¤+i t- -¤n·¬ -·|| ·¤|¤|· t- ·º| ª( ¤ª n -¤¤+- n¸-¤|+-
v·¤+ lª+¤ + ln( ~nª ~nª l+¤| ¤|-| t -·|| v·¤+ ¤ªi+·º|
+ ln( n¸-¤r|=/¤lz ¤|÷i ¤|-i t ¤l< z|z n¸-¤r|= t -| v·¤+
¤ªi+·º| + ln( v|¤¬|- l+¤| ¤|-| t ¤¤l+ z|z ¤lz -ti <z||¤i
¤|-i
·.º ·||·-i¤ l·¤¤ ¤+ + (-¤i~|: ¤ªi+·º| + l¤¤+i n|-<÷| +
~-ª¤ l-¤z|| ¤· -¤¤+- v|¤¬|-i+·º| -·|| ~|¤ ~n|-¤i+·º| n|ª¸
l+¤ ¤|- t ~lªn| + ª¤ n ~-¤+ vl-·|¸l-¤| + =¤¬ n
n¸-¤r|=/ v|¤¬|- ~-¤ ~¤+ vl-·|¸l-¤| + =¤¬ n ¤lz + =n-|
=n¤- :=º ~|¤·| -ti l+¤| ª¤| t
·.º l+=i ·|i >º|i + l-¤z|| +i l¤+i = t( n|·| / t|l- +| n|·| ¤
t|l- º||- n n ¤|¤| ¤|-| t l+- '¤l·¤+¤-| t- ·º| ª¤' >º|i
+ l-¤z|| +i l¤+i = t( n|·| + n|nn n -=+ ¤·|¤· +i ·|lz|
'¤¸¤i v|·l-|- l-l¬' º||- n l¤l-¤|l¤- +i ¤|-i t
·.¡º ¤|¤= º|·i< ·¤¤ª·|| + ~--ª- ¤-·º|·i<i / ¤-· ¤-i ª¤i vl-·|¸l-¤|
+| --+i n¸n n|ª- ¤· lt=|¤ n ln¤| ¤|-| t
·.¡¡ ·¤|¤|· ~·|¤| vl-·-|| + v¤|¤- = ·¤·¤-- :÷l·¤lº·=| n-<-
l+¤ ª¤ t ·¤|¤|l·+ n-<- ¤|¤|· n¸-¤ ¤· t ·||·-i¤ l·¤¤ ¤+
+ l-<z||-=|· ~<n|¤<ni +i l¤l·|-- >lº|¤| +| l---¤-¸ n¸-¤-
l+¤| ª¤| t ·
¤fat+rr =ª¬r¤ª¬t
·¤|¤<· ~<n|¤<ni ¤| ·¤|¤ ¤|t+ ~|lª- ~·|¤| <¤-| +i vl-·-||
+·-i t +| -¤-¤ ~|¬|· ¤· nº||l+- l+¤| ¤|-| t l+=i ~|lª-
~·|¤| <¤-| + =|·| ~l·|lt- ~<n|¤<ni +| ¤|÷+·| ¤| l¤·-i¤
l¤¤·º|i n ¤|¤|· n¸-¤ ~·|¤| +n +in- ¤· ni¤| ¤|-| t
~<n| ¤<ni +i =n|l-- ¤· n|·| ¤ t|l-¤| +i ~<n|¤<ni + -¤¸--·
¤+|¤| =l¤<|ª- ¤i¤- ~·|¤| ~|lª- / <¤-| +i z|·| ~¤l¬ ¤· n|-|
¤|-| t
136
Trading Swaps
Trading swap transactions are marked to market with changes
recorded in the financial statements.
5.12Foreign currency options
Foreign currency options written by the bank with a back-to-
back contract with another bank is not marked to market since
there is no market risk.
Premium received is held as a liability and transferred to the
Profit and Loss Account on maturity/cancellation.
6. TRANSLATION OF FOREIGN CURRENCY TRANSACTIONS
& BALANCES:
a) Except advances of erstwhile London branches which
are accounted for at the exchange rate prevailing on the
date of parking in India, all other monetary assets and
liabilities, guarantees, acceptances, endorsements and
other obligations are translated in Indian Rupee
equivalent at the exchange rates prevailing at the end
of the year as per Foreign Exchange Dealers' Association
of India (FEDAI) guidelines.
b) Non-monetary items other than fixed assets are
translated at exchange rate prevailing on the date of
transaction.
c) Forward exchange contracts are translated at the year
end rates notified by FEDAI and the resultant Gain/loss
on evaluation is taken to profit & Loss Account.
d) Income and expenditure items are accounted for at the
exchange rate prevailing on the date of transaction.
e) Offices outside India / Offshore Banking Units:
(i) Operations of foreign branches and off shore
banking unit are classified as "Non-integral foreign
operations" and operations of representative
offices abroad are classified as "integral foreign
operations".
(ii) Foreign currency transactions of integral foreign
operations and non-integral foreign operations are
accounted for as prescribed by AS-11.
(iii) Exchange Fluctuation on Profit / loss of non-integral
operations are credited /debited to exchange
fluctuation reserve.
7. TAXES ON INCOME
Current tax is determined on the amount of tax payable in
respect of taxable income for the year and accordingly
provision for tax is made.
The deferred tax charge or credit is recognized using the tax
rates that have been enacted or substantially enacted by the
Balance Sheet date. In terms of Accounting Standard 22 issued
by ICAI, provision for deferred tax liability is made on the
basis of review at each Balance Sheet date and deferred tax
ª¤r¤rft¤ =ª¬r¤ª¬t
·¤|¤|l·+ ~<n|¤<ni +| n- <- l¤·-i¤ l¤¤·lº|¤| n l·+|÷ l+(
ª( ¤l·¤--| =lt- ¤|¤|· n¸-¤ +i -n-| n l-lz- l+¤| ¤|-| t
s.+z f¤ªrrt n)r f¤¤r¤
~-¤ ¤+ + =|·| ¤+ º¸ ¤+ +|-º+º + ª¤ n ¤+ ,|·| l+¤| ª¤|
l¤<z|i n:| l¤+-¤ ¤|¤|· n¸-¤ ¤· -ti t +¤|l+ :=n ¤|¤|· ¤|lº|n
-ti t
v|-- viln¤n +| < ¤-| + ª¤ n ·º|| ª¤| t ~| · ¤l·¤+¤-|/l-·ª-i+·º|
¤· n|·| ¤ t|l- º||- n ~--l·- l+¤| ª¤| t
e f¤ªrrt n)r = =¤f¤a ¬ªªª =rt rrrrr ¤r ¤ft¤aª
:+| ¤¸¤¤-i n<- z||º||~| + ~lªn| +| ¤|÷+· l¤-+| ·||·- n
~-·º| +i l-l·| +| n|ª¸ l¤l-n¤ <·| + ~|¬||· ¤· ¤l·¤--
l+¤| ¤|-| t ·||·-i¤ l¤<z|i n:| ·¤|¤|·i =·| :¤·÷|:| +
n|ªl-<z|- + ~-=|· ¤·| +i =n|l-- ¤· l¤l-n¤ <·| +
~|¬|· ¤· n|l:+ ~|lª-¤| -·|| <¤-|~| ª|·lº¤| ª¤i+l-¤|
¤·a|+-| ¤ ~-¤ <|l¤·¤| +| =n--¤ ·||·-i¤ ª¤¤ n ¤l·¤l--
l+¤| ¤|-| t
:º|| ~-n ~|lª-¤| = :-· ª· n|l:+ n<| +| ¤l·¤-- n-<- +i
l-l·| +| v·||¤i l¤l-n¤ <·| ¤· l+¤| ¤|-| t
:ª| ¤|¤<| l¤l-n¤ =l¤<|~| +| ·||·-i¤ l¤<z|i n:| ·¤|¤|·i =·|
,|·| ¤·| + ~-- n ~l¬=¸l-- l¤l-n¤ <·| ¤· ¤l·¤l-- l+¤|
¤|-| t ~|· ¤·nª¤ª¤ n¸-¤|+- ¤· t( n|·|/ t|l- +| n|·| ¤
t|l- º||- n l<º||¤| ¤|-| t
:·|| ~|¤ -·|| ·¤¤ +i n< n-<- +i -|·iº| +| v-ln- l¤<z|i
l¤l-n¤ <· ¤· ¤l·¤l-- +i ¤|-i t
:÷.| l¤<z| lª·|- z||º||( / ~¤-ºi¤ ¤l+ª :+|:¤| ·
i. l¤<z| lª·|- z||º||~| ~|· ~¤-ºi¤ ¤l+ª ¤¸l-º| +
¤l·-|n-| +| ''ª· =n|+ln- l¤<z|i ¤l·-|n-|'' n
¤ªi+- l+¤| ª¤| t ~|· l¤<z| n vl-l-l¬ +|¤|n¤| +
¤l·-|n-| +| ''=n|+ln- l¤<z|i ¤l·-|n-|'' + ª¤ n
¤ªi+- l+¤| ª¤| t
ii. =n|+ln- l¤< z| ¤l·-|n-| + l¤< z|i n :| n -< -| +| ~| ·
ª · =n|+ln- l¤< z|i ¤l·-|n-| +| n º|| +- n|-+ ((=¡¡
n l<( ª( l-¬| ·º| + ~- =|· lt=|¤ n ln¤| ¤|-| t
iii. ª· =n|+ln- ¤l·-|n-| ¤· l¤l-n¤ ·|º¤· + n|·| /
t|l- +| l¤l-n¤ ·|º¤· v|·l-|- l-l¬ n ¤n| / -|n
l+¤| ¤|-| t
z. =r¤ ¤t ¤t
¤·| + ln( +· ¤| ·¤ ~|¤ + = ¤ ¬ n = < ¤ +· +i ·|lz| ¤· -|n¸
+· +| l-¬| ·º| t| -| t -·|| -<- =|· +· + ln( v|¤¬|- l+¤|
¤|-| t
~|ª·|lª- +· v·||· ~·|¤| +l÷º +i ¤t-|- -- +· <·| +| :ª-n|n
+·- t( +i ¤|-i t ¤| -n-¤·| l-l·| ,|·| ~l¬l-¤ln- l+( ª(
~·|¤| ¤ª--· ~l¬l-¤ln- l+( ª( ~|:=i(~|: ,|·| ¤|·i nº||+-
n|-+.. +i z|-|¬i- ~|ª·|lª- +· <¤-| + ln( v|¤¬|- v·¤+
-n-¤·| l-l·| ¤· =ni-|| + ~|¬|· ¤· l+¤| ¤|-| t ~|· ~|ª·|lª-
137
assets are recognized only if there is virtual certainty of
realization of such assets in future. Deferred tax assets/
liabilities are reviewed at each Balance Sheet date based on
developments during the year.
8. EMPLOYMENT BENEFITS
• PROVIDENT FUND:
Provident fund is a defined contribution scheme as the
Bank pays fixed contribution at pre-determined rates.
The obligation of the Bank is limited to such fixed
contribution. The contributions are charged to Profit &
Loss A/c.
• GRATUITY:
Gratuity liability is a defined benefit obligation and is
provided for on the basis of an actuarial valuation
made at the end of the financial year. The scheme is
funded by the bank and is managed by a separate
trust.
• PENSION:
Pension liability is a defined benefit obligation and is
provided for on the basis of an actuarial valuation made
at the end of the financial year. The scheme is funded by
the bank and is managed by a separate trust.
• COMPENSATED ABSENCES:
Accumulating compensated absences such as Privilege
Leave (PL) and Sick Leave (including un-availed casual
leave) is provided for based on actuarial valuation.
• OTHER EMPLOYEE BENEFITS:
Other Employee benefits such as Leave Fare Concession
(LFC), Silver jubilee award, Medical Benefits etc. are
provided for based on actuarial valuation.
In respect of overseas branches and offices, the benefits
in respect of employees other than those on deputation
are accounted for as per laws prevailing in the respective
countries.
9. IMPAIRMENT OF ASSETS
Impairment loss, if any, is recognised in accordance with the
accounting standard issued in this regard by ICAI and
impairment loss on any revalued asset is treated as a
revaluation decrease.
10. REVENUE RECOGNITION
10.1 Income/expenditure (other than items referred to in
paragraph 10.4) is generally accounted for on accrual
basis.
+· ~|lª-¤| +¤n -·|i n|-¤ t|-i t ¤¤ ~|lª-¤| +i ·|l¤·¤ n
¤=¸ni t|-| ¤|ª-¤ n =l-lz-- t|-| t ~|ª·|lª- +· ~|lª-¤|/<¤-|~|
+i ¤-·i-|| ¤·| + <|·|- t: vªl- + ~|¬|· ¤· v·¤+ -n-¤·| l-l·|
+| +i ¤|-i t
s. ¤n¤rtt ¬r+r
• Hkfo"; fuf/
·|l¤·¤ l-l¬ (+ =¤l··||l·|- ~z|<|- ¤|¤-| t +¤|l+ ¤+ ¤¸¤
l-¬|l·- <·| ¤· l-lz-- ~z|<|- +| ·|ª-|- +·-| t ¤+ +|
<|l¤·¤ (= l-lz-- ~z|<|- -+ =iln- t ¤ ~z|<|- n|·| ¤
t|l- º||- n -|¤ l+( ¤|- t
• s¤ªrª
-¤<|- <¤-| (+ =¤l··||l·|- n|·| <|l¤·¤ t ~|· l¤-|i¤ ¤·| +
~- n l+( ª( ¤in|l++ n¸-¤|+- + ~|¬||· ¤· l<¤| ¤|-| t
¤t ¤|¤-| ¤+ ,|·| l¤-| ¤|l·|- t ~|· (+ ~nª ºªº ,|·|
-n|: ¤|-i t
• ¤rrª
¤z|- <¤-| (+ =¤l··||l·|- n|·| <|l¤·¤ t ~|· l¤-|i¤ ¤·| +
~- n l+( ª( ¤in|l++ n¸-¤|+- + ~|¬|· ¤· <i ¤|-i t
¤t ¤|¤-| ¤+ ,|·| l¤-| ¤|l·|- t ~|· (+ ~nª ºªº ,|·|
-n|: ¤|-i t
• +rfa¤¸fa =ª¤ftºrfa¤r
-¤l-- -|l-¤¸l- ~-¤lª·|l-¤| ¤= ~l¤- ¤lº¸º¤| ~|· ¤in|·i
+i ¤lº¸º¤| :~v¤+- ~|+lªn+ ¤lº¸º¤| =lt-| ¤in|l++
n¸-¤|+- ~|¬|· ¤· <i ¤|-i t
• =-¤ ¤n¤rtt ¬r+r
~-¤ +n-|·i n|·| ¤= ¤º¸ºi l+·|¤| l·¤|¤- l=-¤· ¤¤ni
~¤|÷ nl÷+n ¤·|¤< :·¤|l< ¤in|l++ n¸-¤|+- + ~|¬|· ¤·
l<( ¤|- t
¤t| -+ l¤<z| lª·|- z||º||~| ~|· +|¤|n¤| +| =¤¬ t
vl-l-¤l+- ¤· ª( +n-|l·¤| +| l<( ª( n|·|| + ~n|¤| ~-¤
=·|i n|·| -- <z|| n n|ª¸ +|-¸-| + ~-=|· t
v. =rfta¤r ¤t =¤=rnr-¤ar
¤l< +|: ~¤=|n|-¤ t|l-¤| t -| --+i ¤t-|- ~|:=i(~|: ,|·| :=
=-¤-¬ n ¤|·i nº||+- n|-+ + ~-=|· +i ¤|-i t ~|· l+-ti
¤-n¸-¤|l+- ~|lª-¤| ¤· ~¤=|n|-¤ t|l-¤| t: t| -| --t ¤-n¸-¤|+-
lª·|¤º + ª¤ n n|-| ¤|-| t
+o. tr¬t¤ nr-¤ar
¡º.¡ ~|¤/·¤¤ :¤·| ¡º.: n =<l·|- n<| = l·|--| +| =|n|-¤-·
-¤-¤ ~|¬|· ¤· nº||l+- l+¤| ¤|-| t
138
10.2 Income on non-performing assets is recognized on
realisation as per RBI guidelines.
10.3 Recovery in non-performing advances is appropriated
first towards recorded interest and thereafter towards
(i) arrears of instalments in term loans and (ii) principal
irregularity in other accounts. However, recovery in suit
filed (including accounts where recovery is under
SARFEASI Act), decreed accounts and compromise
cases is first appropriated towards principal or as per
terms of decree/settlement.
10.4 Commission (excluding on Government Business),
interest on overdue bills, exchange, locker rent, income
from merchant banking transactions, dividend income
and insurance claims are accounted for on realization/
settlement.
10.5 Income from interest on refund of income tax is
accounted for in the year the order is passed by the
concerned authority.
11. OTHERS
Interest on unpaid and unclaimed matured term deposits are
accounted for at savings bank rate.
¡º.. ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| + ~-=|· ~-¤+ ~|lª-¤|
= =-¤l-¬- ~|¤ +| --+i ¤=¸ni t|- ¤· n|-¤-| <i ¤|-i t
¡º.ª ~-¤+ ~lªn| n ¤=¸n +i ª: ·|lz| +| ¤tn l·+|÷ l+(
ª( ·¤|¤ n -·|| -·¤z-|-¸ :i| ln¤|<i +º|| +i ¤+|¤|
l+ª-| ~| · :ii| ~-¤ º||-| +i vn º| ~l-¤ln--| n l¤l-¤| l¤-
l+¤| ¤|-| t ¤t·t|n <|¤| <|¤· º||-| +i ¤=¸ni ::-n ¤
º||- ·|i z||lnn t|ª l¤-n =·¤·=i ~l¬l-¤n + ~--ª-
¤=¸ni t| l÷+i v|-- º||-| -·|| =n¤|- + n|nn n ¤=¸ni
+| ¤tn n¸n¬- n ~·|¤| l÷+i/=n¤|- +i z|-| + ~-=|·
l¤l-¤|l¤- l+¤| ¤|-| t
¡º.: +niz|- :=·+|·i +|·|¤|· ¤· +niz|- +| ¤|÷+·| ~l-<¤
l¤n| ¤· ·¤|¤ l¤l-n¤ n|+· l+·|( n-º ¤l+ª n-<-| =
v|-- ~|¤ ~|· -¤-~n l-l¬¤| ¤· n|·||z| ~|¤ ~|· ¤in|
<|¤| +| ¤=¸ni/l-¤º|- t|- ¤· nº||l+- l+¤| ¤|-| t
¡º.· ~|¤+· + l·¤· ÷| ¤· ·¤|¤ + ª¤ n v|-- ~|¤ +|
=-¤l-¬- v|l¬+|l·¤| ,|·| ¤|l·- ~|<z| + ¤·| n nº||l+-
l+¤| ¤|-| t
++ =-¤
¤l·¤+¤ t| -+i ln¤|<i ¤n| ·|lz|¤| +| ·|ª-|- - t~| t| -·|| --+|
<|¤| - l+¤| ª¤| t| -| -- ¤· ¤-- º||- +i <· = ·¤|¤ nª|¤|
¤|-| t
139
SCHEDULE 18
NOTES ON ACCOUNTS
1. Capital (`. in crore)
Items 31.03.2012 31.03.2011
i. CRAR (%) (Basel I) 11.59 11.76
ii CRAR - Tier I capital
(%) (Basel I) 8.52 7.99
iii CRAR- Tier II capital
(%) (Basel I) 3.07 3.77
iv. CRAR (%) (Basel II) 12.63 12.42
v. CRAR - Tier I capital
(%) (Basel II) 9.28 8.44
vi. CRAR- Tier II capital
(%) (Basel II) 3.35 3.98
vii. Percentage of the shareholding
of the Government of India
in the bank 56.10% 58%
viii. Amount of subordinated debt
raised as Lower Tier-II Capital
during the year NIL NIL
ix. Amount of subordinated debt
raised as Upper Tier-II Capital
during the year 0.00 500.00
x. Amount of perpetual bonds
raised as Tier-I Capital
during the year NIL NIL
2. Investments (` in crore)
Items 31.03.2012 31.03.2011
(1) Value of Investments
(i) Gross value of Investments 123147.24 95513.05
a In India 121787.49 94558.48
b Outside India 1359.75 954.57
(ii) Provisions for Depreciation 517.77 350.71
a In India 517.77 350.71
b Outside India 0.00 0.00
(iii) Net value of Investments 122629.47 95162.34
a In India 121269.72 94207.77
b Outside India 1359.75 954.57
(2) Movement of provisions held
towards depreciation on
investments.
i Opening balance as on
01.04.2011/01.04.2010 350.71 333.23
ii Add: Provisions made during
the year 368.90 114.88
iii Less: Write-off/
write-back of excess
provisions during the year. 201.91 97.40
iv Closing balance as on
31.03.2012/31.03.2011 517.77 350.71
=ª=¸¤t - +s
=rrar = =¤f¤a fºt¤f¢r¤r
1. ¤¸¬t (`. +·|÷ n)
nª 31.03.2012 31.03.2011
i. =i~|·(~|· (%) :¤=n| 11.59 11.76
ii =i~|·(~|·ºi¤· ¤¸¤i
(%) :¤=n| 8.52 7.99
iii =i~|·(~|·ºi¤· ¤¸¤i
(%) :¤=n| 3.07 3.77
iv. =i~|·(~|· (%) :¤=n| 12.63 12.42
v. =i~|·( ºi¤· ¤¸¤i
(%) :¤=n| 9.28 8.44
vi. =i·(~|· ºi¤· ¤¸¤i
(%) :¤=n| 3.35 3.98
vii. ¤+ n ·||·- =·+|· +i
z|¤· ¬|l·-| +| % 56.10% 58%
viii. n|~· ºi¤· ¤¸¤i + ª¤ n
¤º|( ª( ª|º| +º| +i ·|lz| z|¸-¤ z|¸-¤
ix. ~¤· ºi¤· ¤¸¤i + ª¤ n
¤º|( ª( ª|º| +º| +i ·|lz| 0.00 500.00
x. ºi¤· ¤¸¤i + ª¤ n ¤º|(
ª( ¤ln¤|<i ¤|º÷| +i ·|lz| z|¸-¤ z|¸-¤
2. fª¤rr (`. +·|÷ n)
nª 31.03.2012 31.03.2011
(1) l-¤z|| +| n¸-¤
(i) l-¤z|| +| =+n n¸-¤ 123147.24 95513.05
+ ·||·- n 121787.49 94558.48
º| ·||·- = ¤|t· 1359.75 954.57
(ii) n¸-¤r|= + ln( v|¤¬|- 517.77 350.71
+ ·||·- n 517.77 350.71
º| ·||·- = ¤|t· 0.00 0.00
(iii) l-¤z|| +| l-¤n n¸-¤ 122629.47 95162.34
+ ·||·- n 121269.72 94207.77
º| ·||·- = ¤|t· 1359.75 954.57
(2) l-¤z|| ¤· n¸-¤r|= + ln(
¬|l·- v|¤¬|-| n ·|º¤·
i º¡.º:..º¡¡/º¡.º:..º¡º
+| ~·|z|·| 350.71 333.23
ii ¤|÷ · ¤·| + <|·|- l+( ª(
v|¤¬|- 368.90 114.88
iii ·|º|( · ¤·| + <|·|- l+( ª(
~l¬+ v|¤¬|- + ln( ¤º¸º
º||- ÷|ni ª¤i/vl-lnlº|- ·|lz| 201.91 97.40
iv ª¡.ºª..º¡./ª¡.ºª..º¡¡
+| :l-z|·| 517.77 350.71
140
Hong Kong branch of the bank has taken exposure on Credit
Linked Notes, Floating Rate Notes and Fixed Interest bonds
etc. These are acquired under Investment portfolio at foreign
offices, which are governed under Trading Book Policy for PNB
Hong Kong. The bank intends to hold such instruments till its
maturity. The aggregate value of such portfolio as on the date
of balance sheet 31-03-2012 is ` 301.10 crores (previous
year `257.57crores).
3. Repo Transactions (` in crore)
Minimum Maximum Daily Average Outstanding
outstanding outstanding outstanding as on
during the during the during the 31.03.2012
year ended year ended year ended
31.03.2012 31.03.2012 31.03.2012
Securities sold
under repos
(i) Government
Securities 0.00 12500.00 2399.72 9000.00
(ii) Corporate Debt
Securities 0.00 1482.86 49.07 NIL
Securities purchased
under reverse repos
(i) Government
Securities 0.00 3200.00 183.42 1400.00
(ii) Corporate Debt
Securities 0.00 9439.31 540.42 589.32
4. Non-SLR Investment Portfolio
4a. Issuer composition of Non SLR investments
(`. in crore)
S. Issuer Amount Extent Extent of Extent Extent
No. of Private Below of of
Placement Investment 'Unrated' 'Unlisted'
Grade' Securities Securities
Securities
(1) (2) (3) (4) (5) (6) (7)
(i) PSUs 4384.00 1.92 0.00 0.71 2.63
(2823.02) (419.63) (0.00) (0.71) (11.77)
(ii) FIS 2926.16 47.35 0.00 0.00 76.62
(1717.72) (210.98) (0.00) (0.00) (96.54)
(iii) Banks 11098.67 2.00 0.00 0.00 0.00
(7475.17) (331.52) (0.00) (257.57) (2.00)
(iv) Private Corporate 2512.96 50.28 0.00 130.31 329.52
(1983.54) (313.49) (0.00) (38.98) (360.58)
(v) Subsidiaries / 1352.53 0.00 0.00 0.00 302.43
Joint Ventures (1206.50) (0.00) (0.00) (0.00) (240.38)
(vi) Others* 712.08 0.00 0.00 0.00 4.98
(613.42) (0.00) (0.00) (0.00) (0.00)
(vii) Provisions held -283.19 0.00 0.00 0.00 0.00
towards depreciation. (-257.67) (0.00) (0.00) (0.00) (0.00)
Total 22703.21 101.55 0.00 131.02 716.18
(15561.70) (1275.62) (0.00) (297.26) (711.27)
(Figures in brackets relate to previous year)
*Others include Special Govt. Securities of `. 357.56 crore (net of depreciation) shown
under Govt. Securities in Schedule 8.
¤+ +i t|ª+|ª z||º|| - +l÷º =¤z -|º| +n|lºª <· -|º| ~|· =|¤l¬
·¤|¤ ¤|º÷| ~|l< n l-¤z| l+¤| t :-t l¤<z|i +|¤|n¤| - l-¤z|
¤|º¤·|ln¤| + ~--ª- v|-- l+¤| t ¤| ¤i(-¤i t|ª+|ª + ln( ºl÷ª ¤+
-il- + ~--ª- z||l=- t ¤+ (=i lnº|-| +| ¤l·¤+¤-| -+ ~¤- ¤|=
·º|-| -|t-| t (= ¤|º¤·|ln¤| +| -n-¤·| +i -|·iº| +| ª¡.ºª..º¡. +i
lª·|l- ~-=|· +n n¸-¤ ªº¡.¡º +·|÷ ª¤¤ t :l¤¤n ¤·| ` .·.·
+·|÷|
3. t¤r ¬ªªª :` +·|÷ n|
s+.os.zo+z s+.os.zo+z s+.os.zo+z s+.os.zo+z
¤r =nrta ¤r =nrta ¤r =nrta ¤t ftºrfa
=¤f¤ ¤ =¤f¤ ¤ ªrtrª =¤f¤ ¤ ¤ =ª=rt
ªrtrª -¤¸ªan =f¤¤an ªrtrª ªfª¤ ¤¤r¤r
¤¤r¤r =r=a ¤¤r¤r
·¤| + ~--ª- ¤-i
ª: vl-·|¸l-¤|
(i) =·+|·i vl-·|¸l-¤| 0.00 12500.00 2399.72 9000.00
(ii) l-ªln- +º|
vl-·|¸l-¤| 0.00 1482.86 49.07 z|¸-¤
·¤| + ~--ª- º|·i<i
ª: vl-·|¸l-¤|
(i) =·+|·i vl-·|¸l-¤| 0.00 3200.00 183.42 1400.00
(ii) l-ªln- +º|
vl-·|¸l-¤| 0.00 9439.31 540.42 589.32
+. q= q¬ =rt = ;at fª¤rr =f¤+rrn
+¤. q= q¬ =rt = ;at fª¤rrr ¤ fªnn¤ar
:` +·|÷ n|
a. fªn n¤ar trfrr fª¬t +r·r ''fª¤ rr v ¢rt ''f¤ªr t fº n ''n t
= . n fª¤ rr ¤t = ªt¤ '' ¤t ¤t'' =¸ ¤t¤q
trfrr ¤t ¤fa+r¸ fa¤r ¤t ¤fa+r¸ fa¤r ¤fa+r¸ fa¤r
=tnr trfrr ¤t trfrr ¤t trfrr
(1) (2) (3) (4) (5) (6) (7)
(i) =·+|·i -|·| + 4384.00 1.92 0.00 0.71 2.63
-¤+n (2823.02) (419.63) (0.00) (0.71) (11.77)
(ii) l¤·-i¤ =ª·||( 2926.16 47.35 0.00 0.00 76.62
(1717.72) (210.98) (0.00) (0.00) (96.54)
(iii) ¤+ 11098.67 2.00 0.00 0.00 0.00
(7475.17) (331.52) (0.00) (257.57) (2.00)
(iv) l-¤i +|¤|·º 2512.96 50.28 0.00 130.31 329.52
(1983.54) (313.49) (0.00) (38.98) (360.58)
(v) ~-·|lª¤|/ 1352.53 0.00 0.00 0.00 302.43
= ¤ +- -¤n (1206.50) (0.00) (0.00) (0.00) (240.38)
(vi) ~-¤* 712.08 0.00 0.00 0.00 4.98
(613.42) (0.00) (0.00) (0.00) (0.00)
(vii) n¸-¤r|= + -283.19 0.00 0.00 0.00 0.00
ln( v|¤¬|- (-257.67) (0.00) (0.00) (0.00) (0.00)
¤|÷ 22703.21 101.55 0.00 131.02 716.18
(15561.70) (1275.62) (0.00) (297.26) (711.27)
:+|·a+| n l<( ª( ~|+÷ l¤¤n ¤·| + t|
* ~-¤ n ~-=¸-i º + ~--ª - =·+|·i vl-·|¸l-¤| n -l-nlº|- l¤z|·| =·+|·i vl-·|¸l-¤| +i
n¸-¤r|= + ¤|< +i ` ª·.·· +·|÷ +i l¤z|·| =·+|·i vl-·|¸l-¤| z||lnn t
141
4b Non-performing Non-SLR investments
(`. in crore)
Particulars 31.03.2012 31.03.2011
Opening balance as on 01.04.2011/.01.04.10 26.94 57.28
Additions during the year 73.48 0.00
Reductions during the year 5.86 30.34
Closing balance as on 31.03.2012/31.03.2011 94.56 26.94
Total provisions held 94.56 26.94
5. Derivatives
5a Forward Rate Agreement/ Interest Rate Swap
(`. in crore)
2011-12 2010-11
Items Hedge Trading Hedge Trading
Swaps Swaps Swaps Swaps
i. The notional principal of swap
agreements 1247.44 1425.00 1678.24 750.00
ii Losses which would be incurred
if counter parties failed to fulfill
their obligations under the
agreements 31.60 0.21 62.42 0.08
iii Collateral required by the bank
upon entering into swaps NIL NIL NIL NIL
iv Concentration of credit risk
arising from the Swaps NIL NIL NIL NIL
v The fair value of the swap book 0.09 (-)25.33 2.87 (-)19.42
Nature & Terms of the swaps including information on credit and market risk:
Hedge Swaps: Interest rate swaps for hedging Tier-II Bonds, Deposits, Floating rate
loans & back-to-back swaps.
Trading Swaps: Interest rate swaps market risk: Nil
5b. Exchange Traded Interest Rate Derivatives
(`. in crore)
S. No. Particulars Amount
(i) Notional Principal amount of exchange traded interest rate
derivatives undertaken during the year April 2011 to
March, 2012 (instrument-wise)
a) Interest Rate Futures 97.64
(ii) Notional Principal amount of exchange traded interest rate
derivatives outstanding as on 31st March, 2012 (instrument-wise) NIL
(iii) Notional Principal amount of exchange traded interest rate
derivatives outstanding and not 'highly effective' (instrument-wise) NIL
(iv) Mark-to-Market value of exchange traded interest
rate derivatives outstanding and not 'highly effective'
(instrument-wise) NIL
5c. Disclosure on risk exposure in derivatives
I Qualitative Disclosure
1. The bank uses derivatives products for hedging its own
balance sheet items as well as trading purposes. The risk-
management of derivative operation is headed by a
senior executive, who reports to the top management,
independent of the line functions. Trading positions are
marked to market on daily basis.
2. The derivative policy is framed by the Risk Management
Division, which includes measurement of credit risk and
market risk.
+=r. =ª¬¤ q= q¬ =rt = ;at fª¤rr
:` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
v|·l-·|+ z|·| º¡.º:..º¡¡/º¡.º:..º¡º +| 26.94 57.28
¤·| + <|·|- ¤lz 73.48 0.00
¤·| + <| ·|- +ni 5.86 30.34
ª¡.ºª.¡./ª¡.ºª.¡¡ :l-z|·| 94.56 26.94
+ n ¬|l·- v|¤¬|- 94.56 26.94
s. zft¤fºª¬
s¤ ¤r¤ªr ªt ¤trt . ª¤r¬ ªt =ª¬r ¤ª¬t (t¤¤¸
:` +·|÷ n|
2011-12 2010-11
nª ¤fat+rr º fz n ¤fat+rr º fz n
=ª¬r¤ª¬t =ª¬r¤ª¬t =ª¬r¤ª¬t =ª¬r¤ª¬t
i. ~<n|¤<ni +·|·| +|
~|-n|l-+ n¸n¬- 1247.44 1425.00 1678.24 750.00
ii ¤l< <¸=·| ¤-| +·|· + ~-ª-
~¤- <|l¤·¤| +| ¤¸·| -ti +·-|
-| =·||l¤- t|l- 31.60 0.21 62.42 0.08
iii ~<n|¤<ni n z||lnn t|- ¤·
¤+| ,|·| ~¤l-|- =¤|lz¤+
vl-·|¸l- z|¸-¤ z|¸-¤ z|¸-¤ z|¸-¤
iv ~<n|¤<ni + +|·º| +º| ¤|lº|n z|¸-¤ z|¸-¤ z|¸-¤ z|¸-¤
v ~<n|¤<ni ¤ti +| -l-- n¸-¤ 0.09 (-)25.33 2.87 (-)19.42
~<n| ¤<ni +i v+ l- ~| · z|- l¤-n +º| -·|| ¤|¤ |· ¤| lº|n ¤· =¸ --| =l-nln- t ·
vl-·-|| ~<n|¤<ni · ·¤|¤ <· ~<n|¤<ni ºi¤·II ¤|º÷ ¤n| ·|lz|¤| +n|lºª <· +º|| ~|· ¤+
º¸ ¤ + ~<n|¤<ni +i vl-·-|| + ln( t
ºl÷ª ~<n|¤<ni · ·¤|¤ <· n-<- ¤|¤|· ¤|lº|n · z|¸-¤
s=r q¤=¤¬ ºfzn ¤r¬ ª¤r¬ ªt zft¤fºª¬
:` +·|÷ n|
a. = f¤¤t¢r trfrr
(i) ¤·| ~v n .º¡¡ n|- .º¡. + <| ·|- (+=-¤ ºl÷ª ¤|n
·¤|¤ <· ÷l·¤lº·¤ +i ~-n|l-+ n¸n¬- ·|lz| :lnº|-¤|·|
+| ·¤|¤ <· ¤|¤<| 97.64
(ii) ª¡ n|- .º¡. +i lª·|l- + ~-=|· ¤+|¤| (+=-¤ ºl÷ª
¤|n ·¤|¤ <· ÷ l·¤ lº·¤ +i ~|- n|l-+ n¸ n¬- ·|lz| :lnº|-¤|·| z|¸-¤
(iii) (+=-¤ ºl÷ª ¤|n ·¤|¤ <· ÷l·¤lº·¤ +i (=i ~|-n|l-+
n¸n¬- ·|lz| -·|| ¤| ''~·¤l¬+ v·||¤i'' -ti t :lnº|-¤|·| z|¸-¤
(iv) (+=-¤ ºl÷ª ¤|n ·¤|¤ <· ÷l·¤lº·¤ +i ~|-n|l-+ n¸n¬-
·|lz| +| ¤+|¤| ¤|¤|· n¸-¤ :n|+ º¸n|+ º| ¤| ''~·¤l¬+
v·||¤i'' -ti t :lnº|-¤|·| z|¸-¤
s.n zft¤fºª¬ n ¬rf=rn fª¤rr =r¤-¤t ¤¤ºt¤t¢r
+. n¢rr-n¤ ¤¤ºt¤t¢r
¡. ¤+ ~¤- -n-¤·| +i vl-·-|| t- ~|· ºl÷ª v¤|¤-| =
÷l·¤lº¤ -·¤|<| +| -¤¤|ª +·-| t ÷l·¤lº¤ ¤l·-|n- +
¤|lº|n v¤-¬- +| vnº| (+ ¤l··a +|¤¤|n+ t ¤| ~¤-
=|n|-¤ +|¤| + =|·| =|·| ª¤-·| ª¤ = +|¤ +·- t( z|i·|
v¤-¬- +| := =¤¬ n =¸--| <-| t ºl÷ª +i lª·|l- <l-+
~|¬|· ¤· ¤|¤|· n¸-¤ + ~-ª¤ =¸l-- +i ¤|-i t
.. ÷l·¤lº¤ -il- ¤|lº|n v¤-¬- v·||ª ,|·| -¤|· +i ¤|-i t
l¤=n +l÷º ¤|lº|n ~|· ¤|¤|· ¤|lº|n + -¤|¤ =l-nln- t
142
3. The hedge transactions are undertaken for balance sheet
management. Proper system for reporting and
monitoring of risks is in place.
4. Policy for hedging and processes for monitoring the same
is in place.
5. Accounting policy for recording hedge and non-hedge
transactions are in place, which includes recognition of
income, premiums and discounts. Valuation of
outstanding contracts, provisioning, collateral and credit
risk mitigation are being done.
II Quantitative Disclosure (`. in Crore)
S. Particulars Currency Interest Rate Currency Interest Rate
No. Derivatives Derivatives Derivatives Derivatives
31.03.2012 31.03.2012 31.03.2011 31.03.2011
1 Derivatives (Notional
Principal Amount)
a) For Hedging (Hedge
and back to back) 440.11 1247.44 1111.88 1678.24
b) For trading 1425.00 750.00
2 Marked to Market Position (1)
Hedging
a) Asset (+) 0.09 (+)2.74
b) Liability (-)
Trading
a) Asset (+) (-)19.42
b) Liability (-) (-)25.33
3 Credit Exposure (2) 55.55 64.43 116.03 93.49
4 Likely impact of one
percentage change interest
rate (100*PV01)
(a) On hedging derivatives 0.00 -0.95
(b) On trading derivatives 6.94 -27.96
5 Maximum and Minimum
of 100*PV01 observed
during the year
(a) On hedging Maximum (-)0.01 (-)0.95
Minimum 0.00 (-)0.02
(b) On trading Maximum 13.51 (-)27.96
Minimum (-)31.58 (-)6.00
6. Asset Quality
6a Non-Performing Asset (`. in Crore)
Items 31.03.2012 31.03.2011
i) Net NPAs to Net Advances (%) 1.52% 0.85%
ii) Movement of NPAs (Gross)
Opening balance as on 1st April 4379.39 3214.41
Additions during the year 6671.64 4336.70
Reductions during the year 2331.41 3171.72
Closing balance as on
31.03.2012/31.03.2011 8719.62 4379.39
iii) Movement of Net NPAs
Opening balance as on 1st April 2038.63 981.69
Additions during the year 5251.89 2721.53
Reductions during the year 2836.29 1664.59
Closing balance as on
31.03.2012/31.03.2011 4454.23 2038.63
ª. -n- ¤·| + ln( vl-·-|| -¤|¤ l+( ¤|- t l·¤|lºª ~|·
¤|lº|n +i l-ª·|-i + ln( -¤¤+- l=ªºn n|¤¸< t
:. vl-·-|| t- -il- ~|· -=+i l-ª·|-i + ln( vl+¤|( l¤¤n|-
t
·. vl-·-|| ~| · ª · vl-·-|| º l÷ ª +| l·+|÷ +·- + ln(
nº||+- -il- l¤¤n|- t l¤=n ~|¤ ¤t-|- viln¤n ~|·
l÷ª+|- º =l-nln- t ¤+|¤| ~- ¤-¬| +| n¸ -¤| +-
v|¤¬|- =¤|lz¤+ ~|· +º| ¤|lº|n +n l+( ¤|- t
II nr·rr-n¤ ¤¤ºt¤t¢r :` +·|÷ n|
a. f¤¤t¢r n)r ª¤r¬ ªt n)r ª¤r¬ ªt
=. zft¤fºª¬ zft¤fºª¬ zft¤fºª¬ zft¤fºª¬
31.03.2012 31.03.2012 31.03.2011 31.03.2011
1 ÷l·¤lº·¤ :-|l+ +
n¸n¬- ·|lz||
+| vl-·-|| + ln(
:vl-·-|| ~| · ¤ + º¸ ¤ +| 440.11 1247.44 1111.88 1678.24
º|| ºl÷ª + ln( 1425.00 750.00
2 n|+÷ º¸ n|+º ¤|l¤z|- :¡|
vl-·-||
+| ~|lª- :-| 0.09 (+)2.74
º|| <¤-| :|
º l÷ ª
+| ~|lª- :-| (-)19.42
º|| <¤-| :| (-)25.33
3 l<¤| ª¤| +º| :.| 55.55 64.43 116.03 93.49
4 ·¤|¤ <· n ¡¤l-z|- ¤l·¤--
+| =-·||·¤ v·||¤
:¡ºº*¤i¤i º¡|
+| vl-·-|| ÷l·¤lº¤ ¤· 0.00 -0.95
º|| ºl÷ª ÷l·¤lº¤ ¤· 6.94 -27.96
5 ¤·| + <|·|- ¤|¤ ª¤ ¡ºº*
¤i¤i º¡ +| ~l¬+-n
-·|| -¤¸--n
+| vl-·-|| ¤· ~l¬+-n (-)0.01 (-)0.95
-¤¸ --n 0.00 (-)0.02
º|| ºl÷ª ¤· ~l¬+-n 13.51 (-)27.96
-¤¸ --n (-)31.58 (-)6.00
e. =rfta n¢r¤-ar
e¤ =ª¬¤ =rfta¤r :` +·|÷ n|
nª 31.03.2012 31.03.2011
i) l-¤n ~lª n| +i -n-| n l-¤n ~-¤ + ~|lª-¤| (%) 1.52% 0.85%
ii) ~-¤ + ~|lª-¤| :=+n| n ·|º¤·
¡ ~v n +| v|·l-·|+ z|·| 4379.39 3214.41
¤·| + <|·|- ¤lz 6671.64 4336.70
¤·| + <|·|- +ni 2331.41 3171.72
:l-z|·|
ª¡.ºª..º¡./ª¡.ºª..º¡¡ +| 8719.62 4379.39
iii) l-¤n ~-¤+ ~|lª-¤| n ·|º¤·
v|·l-·|+ z|·| º¡.º:..º¡º/º¡.º:..ººº +| 2038.63 981.69
¤·| + <|·|- ¤lz 5251.89 2721.53
¤·| + <| ·|- +ni 2836.29 1664.59
:l-z|·|
ª¡.ºª..º¡./ª¡.ºª..º¡¡ +| 4454.23 2038.63
143
iv) Movement of provision for NPAs
(excluding provisions on Standard assets)
Opening balance
(as on 01.04.2011/2010) 2296.75 2180.05
Provisions made during the year (gross) 2576.11 904.11
Write-off/write back of excess provision 688.80 787.41
Closing balance as on
31.03.2012/31.03.2011 4184.06 2296.75
v) Provisioning Coverage Ratio 62.73% 73.21%
6b. Particulars of Accounts Restructured:
( `. in crores)
CDR SME Debt Others*
Mech- Restru- (non-
anism* cturing* CDR)
Standard advances
restructured No. of Borrowers 19 163 268
Amount outstanding 2008.93 550.00 12247.73
Sacrifice (diminution in the fair value) 289.64 10.17 189.64
Sub standard
advances
restructured No. of Borrowers 0 8 5
Amount outstanding 0.00 15.62 511.64
Sacrifice (diminution in the fair value) 0.00 0.45 8.07
Doubtful advances
restructured No. of Borrowers 0 0 0
Amount outstanding 0.00 0.00 0.00
Sacrifice (diminution in the fair value) 0.00 0.00 0.00
TOTAL No. of Borrowers 19 171 273
Amount outstanding 2008.93 565.62 12759.37
Sacrifice (diminution in the fair value)* 289.64 10.62 197.71
*Provision calculation on DRM (SME) and others (non-CDR) @5% on amount
restructured upto `. 1 crore and actual basis on amount of `. 1 crore & above. In case
of CDR accounts provision calculation has been made on actual basis.
6c Details of financial assets sold to Securitisation/
Reconstruction Company (SC/RC) for Asset Reconstruction
(`. in crore)
Items 31.03.2012 31.03.2011
i. No. of Accounts 15 3
ii. Aggregate value (net of provisions) of
accounts sold to SC/RC 1.86 1.05
iii. Aggregate consideration 27.92 3.95
iv. Additional consideration realized in
respect of accounts transferred in earlier
years 0.00 6.52
v. Aggregate gain/loss over net book value 26.06 2.90
6d Details of non-performing financial assets purchased/sold
A. Details of non-performing financial assets purchased:
( `. in crore)
Particulars 31.03.2012 31.03.2011
1 (a) No. of accounts purchased during the year NIL NIL
(b) Aggregate outstanding NIL NIL
2 (a) Of these, number of accounts restructured
during the year NIL NIL
(b) Aggregate outstanding NIL NIL
iv) ~-¤+ ~|lª-¤| + ln( v|¤¬|-| n ·|º¤·
:n|-+ ~|lª-¤| = =-¤l-¬- v|¤¬|-| +| ¤|÷+·|
v|·l-·|+ z|·|
:º¡.º:..º¡¡/º¡.º:..º¡º +|| 2296.75 2180.05
¤·| + <| ·|- l+( ª( v|¤¬|- :=+n| 2576.11 904.11
~l-l·+- v|¤¬|-| +| ¤º¸º º||- ÷|n-|/¤-·|+- 688.80 787.41
:l-z|·|
ª¡.ºª..º¡./ª¡.ºª..º¡¡ +| 4184.06 2296.75
v) v|¤¬|-i+·º| +¤·¤ ~-¤|- 62.73% 73.21%
e=r ¤ª. =tf¤a =rrar ¤r f¤¤t¢r
:` +·|÷ n|
=t zt q=qn; =- ¤*
=rt =¢r (=t zt
¤qfa* ¤ª. =rt
=t¤ªr* = f+r-ª
¤-· =·l--
n|-+ ~lªn +lº|¤| +i =º¤| 19 163 268
¤+|¤| ·|lz| 2008.93 550.00 12247.73
n|¤· +i ª¤i ·|lz| :-l-- n¸ -¤ n +ni | 289.64 10.17 189.64
¤-· =·l--
~n|-+ ~lªn +lº|¤| +i =º¤| 0 8 5
¤+|¤| ·|lz| 0.00 15.62 511.64
n|¤· +i ª¤i ·|lz| :-l-- n¸ -¤ n +ni | 0.00 0.45 8.07
¤-· =·l--
=l<·¬ ~lªn +lº|¤| +i =º¤| 0 0 0
¤+|¤| ·|lz| 0.00 0.00 0.00
n|¤· +i ª¤i ·|lz| :-l-- n¸ -¤ n +ni | 0.00 0.00 0.00
¤|÷ +lº|¤| +i =º¤| 19 171 273
¤+|¤| ·|lz| 2008.93 565.62 12759.37
n|¤· +i ª¤i ·|lz| :-l-- n¸ -¤ n +ni |* 289.64 10.62 197.71
*÷i~|·(n= (n : | -·|| ~-¤ :=i÷i~|· = l·|--| ¤· v|¤¬|- +i ªº|-| ¤ -· = ·l-- ` ¡ +·| ÷ -+ + ln(
· ¤ l-z|- +i <· = -·|| ` ¡ +·|÷ = ~l¬+ + ln( ¤|ª-l¤+ ~|¬|· ¤· +i ª¤i t =i÷i~|· º||-| + =¤¬ n
v|¤¬|- +i ªº|-| ¤|ª-l¤+ ~|¬|· ¤· +i ª¤i t
en =rfta¤r ¤t ¤ª.=t¤ªr ra ¤fa+r¸fa¤t¢r . ¤ª. =t¤ªr ¤r¤ªt
¤r ¤¤t n; f¤-at¤ =rfta¤r ¤r ª¤rtr
:` +·|÷ n|
nª 31.03.2012 31.03.2011
i. º||-| +i =º¤| 15 3
ii. (==i/~|·=i +| ¤- ª( º||-| +| +n n¸-¤
:v|¤¬|-| +| ¤|÷+·| 1.86 1.05
iii. +n vl-¤·n ·|lz| 27.92 3.95
iv. l¤¤n ¤·|| n ~-l·- l+( ª( º||-| + =-¤-¬ n
v|-- ~l-l·+- vl-¤·n ·|lz| 0.00 6.52
v. l-¤n ¤ti n¸-¤ +i -n-| n +n n|·| / t|l- 26.06 2.90
err =rttªt n¤t .¤¤t n¤t =ª¬¤ f¤-at¤ =rfta¤r ¤ ª¤rt
¤. =rttªt n¤t =ª¬¤ f¤-at¤ =rfta¤r ¤ ª¤rt
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
1 :+| ¤·| + <| ·|- º|·i< ª( º||-| +i =º¤| z|¸-¤ z|¸-¤
:º|| +n ¤+|¤| z|¸-¤ z|¸-¤
2 :+| :-n = ¤·| + <|·|- ¤-·=·l-- º||-|
+i =º¤| z|¸-¤ z|¸-¤
:º|| +n ¤+|¤| z|¸-¤ z|¸-¤
144
B. Details of non-performing financial assets sold to Banks/FIs/
NBFCs:
( `. in crore)
Particulars 31.03.2012 31.03.2011
1 No. of accounts sold during the year NIL NIL
2 Aggregate outstanding NIL NIL
3 Aggregate consideration received NIL NIL
6e Provisions on Standard Assets
( `. in crore)
Particulars 31.03.2012 31.03.2011
Provided during the year 509.67 259.20
Cumulative Balance (included under "Other Liabilities
& Provisions" in Schedule 5 to the balance sheet) 1467.31 957.64
7 Business Ratios
Items 31.03.2012 31.03.2011
i. Interest Income as a percentage to Working Funds 8.89% 8.11%
ii. Non-Interest Income as a percentage to Working Funds 1.03% 1.09%
iii. Operating profit as a percentage to Working Funds 2.59% 2.72%
iv. Return on Assets 1.19% 1.34%
v. Business (Deposits plus advances) per employee (`. in lacs) 1131.99 1017.80
vi. Profit per employee (`. in lacs) 8.42 8.35
Note: Working Funds are based on Monthly Average
8. Asset Liability Management
Maturity Pattern of certain item of assets and Liabilities
(`. in crore)
Maturity Deposits Advances Investments Borrowings Foreign Foreign
Pattern (gross) Currency currency
Assets liabilities
Next day 4691.34 13860.94 3.58 117.47 1602.28 422.17
(4466.63) (9918.47) (00.00) (0.00) (357.75) (1152.23)
2 days-7days 8125.81 6390.20 843.30 2177.85 2940.97 2725.19
(11426.13) (4940.21) (99.89) (8013.95) (322.61) (1075.30)
8-14 days 5337.64 4261.42 174.58 10733.24 1364.86 938.97
(4585.12) (4864.84) (262.34) (0.00) (478.74) (275.27)
15-28 days 4594.39 6151.19 248.55 1421.45 1960.94 1320.50
(8583.24) (6726.54) (668.97) (0.00) (1471.68) (1194.05)
29 days to 3 months 31685.90 12000.26 11355.08 290.76 9871.91 8963.19
(36519.00) (11127.40) (7617.13) (2604.25) (4026.77) (5182.24)
Over 3 Months 38895.07 9310.24 3020.94 5686.28 10185.25 7335.31
to 6 months (10665.43) (13277.89) (1541.26) (3854.03) (6456.26) (3971.17)
Over 6 Months 56238.31 50070.74 3378.19 1032.76 3568.67 3483.34
to 1 year (38411.28) (31700.45) (2518.16) (1405.27) (4467.88) (2877.55)
Over 1Year to 3 Years 143044.85 134808.53 13208.57 5166.13 4334.87 3109.34
(124030.55) (109496.67) (10302.92) (4576.18) (2465.73) (2340.36)
Over 3 Years to 5 Years 3211.74 27842.53 18492.21 1969.26 1823.24 297.48
(2768.74) (23555.58) (14558.75) (957.87) (541.08) (513.15)
Over 5 Years 83763.43 29078.72 72422.26 8669.07 1236.51 724.71
(71442.61) (26498.62 (57943.63) (10178.14) (747.56) (442.93)
Total 379588.48 293774.76 123147.26 37264.27 38889.50 29320.20
(312898.73) (242106.67) (95513.05) (31589.69) (21336.06) (19024.25)
(Figures in brackets relate to previous year)
º| ¤+|/ l¤·-i¤ =ª·||~|/ ª· ¤l+ª l¤·-i¤ +-¤l-¤| +| ¤-i ª¤i
~-¤+ l¤·-i¤ ~|lª-¤| + ·¤|·
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
1 ¤·| + <|·|- ¤- ª( º||-| +i =º¤| z|¸-¤ z|¸-¤
2 +n ¤+|¤| z|¸-¤ z|¸-¤
3 +n v|-- vl-¤·n z|¸-¤ z|¸-¤
ez. nrª¤ =rfta¤r =r¤-¤t ¤r¤¤rª
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
¤·| + <| ·|- l+¤| ª¤| v|¤¬|- 509.67 259.20
=-¤i z|·| :-n-¤·| +i ~-=¸-i · n ''~-¤ <¤-|(
~| · v|¤¬|-'' + ~--ª - =l-nln-| 1467.31 957.64
z ¤rtr¤rtt =ª¤ra
nª 31.03.2012 31.03.2011
i. +|¤ +|·i l-l¬¤| + vl-z|- + ª¤ n ·¤|¤ ~|¤ 8.89% 8.11%
ii. +|¤ +|·i l-l¬¤| + vl-z|- + ª¤ n ª · ·¤|¤ ~|¤ 1.03% 1.09%
iii. +|¤ z|in l-l¬¤| + vl-z|- + ª¤ n ¤l·-|n- n|·| 2.59% 2.72%
iv. ~|lª-¤| = vl-¤·n 1.19% 1.34%
v. vl- +n-|·i +|·|¤|· :¤n| -·|| ~lªn| :` n|º| n| 1131.99 1017.80
vi. vl- +n -|·i n|·| :` n|º| n| 8.42 8.35
-|º +|¤ +|·i l-l¬¤| n|l=+ ~| =- ¤· ~|¬|l·- t
s. =rfta ª¤ar ¤¤-¤ª
=rfta¤r =rt ª¤ar=r ¤t ¤ø nªr ¤r ¤ft¤¤¤ar t¤=¤
:` +·|÷ n|
¤ft¤¤¤ar ¬nr =fnn fª¤rr s¤rt f¤ªrrt f¤ªrrt
t¤=¤ trfrr¤r (=¤¬¸ n)r n)r
=rfta¤r ª¤arq
~|ª|ni l<- 4691.34 13860.94 3.58 117.47 1602.28 422.17
(4466.63) (9918.47) (00.00) (0.00) (357.75) (1152.23)
. l<- l<- 8125.81 6390.20 843.30 2177.85 2940.97 2725.19
(11426.13) (4940.21) (99.89) (8013.95) (322.61) (1075.30)
º¡: l<- 5337.64 4261.42 174.58 10733.24 1364.86 938.97
(4585.12) (4864.84) (262.34) (0.00) (478.74) (275.27)
¡·.º l<- 4594.39 6151.19 248.55 1421.45 1960.94 1320.50
(8583.24) (6726.54) (668.97) (0.00) (1471.68) (1194.05)
.º l<- = ª nti- 31685.90 12000.26 11355.08 290.76 9871.91 8963.19
(36519.00) (11127.40) (7617.13) (2604.25) (4026.77) (5182.24)
ª nti- = ~l¬+ 38895.07 9310.24 3020.94 5686.28 10185.25 7335.31
-·|| · nti- -+ (10665.43) (13277.89) (1541.26) (3854.03) (6456.26) (3971.17)
· nti- = ~l¬+ 56238.31 50070.74 3378.19 1032.76 3568.67 3483.34
-·|| ¡ ¤·| -+ (38411.28) (31700.45) (2518.16) (1405.27) (4467.88) (2877.55)
¡ ¤·| = ~l¬+ 143044.85 134808.53 13208.57 5166.13 4334.87 3109.34
-·|| ª ¤·| -+ (124030.55) (109496.67) (10302.92) (4576.18) (2465.73) (2340.36)
ª ¤·| = ~l¬+ 3211.74 27842.53 18492.21 1969.26 1823.24 297.48
· ¤·| -+ (2768.74) (23555.58) (14558.75) (957.87) (541.08) (513.15)
· ¤·| = ~l¬+ 83763.43 29078.72 72422.26 8669.07 1236.51 724.71
(71442.61) (26498.62 (57943.63) (10178.14) (747.56) (442.93)
¤| ÷ 379588.48 293774.76 123147.26 37264.27 38889.50 29320.20
(312898.73) (242106.67) (95513.05) (31589.69) (21336.06) (19024.25)
:+|·a+| n l<( ª( ~|+÷ l¤¤n ¤·| + t|
145
9 Exposures:
9a Exposure to Real Estate Sector
(`. in crore)
Category 31.03.2012 31.03.2011
(A) Direct Exposure
i. Residential Mortgages -
Lending fully secured by mortgages on
residential property that is or will be occupied
by the borrower or that is rented includes
(individual housing loans `. 11338.15 crore
as on 31.03.2012 upto `.20 lakh and
`. 11324.16 crore as on 31.03.2011
upto `20 lakh) 24605.66 21972.26
ii. Commercial Real Estate - including NFB limits
Lending secured by mortgages on commercial
real estates (office buildings, retail space,
multi-purpose commercial premises,
industrial or warehouse space, land
acquisition, development and construction
etc.) Exposure would also include non-fund
based (NFB) limits. 16119.23 16243.11
iii. Investments in Mortgage Backed Securities
(MBS) and other securitised exposures -
(a) Residential 0.87 2.71
(b) Commercial Real Estate 0.00 0.00
(B) Indirect Exposure
Fund based and non fund based exposures on
National Housing Bank (NHB) and Housing
Finance Companies (HFCs) Including investments
of `329.23 crores as on 31.03.2012 and
`.372.12 crores as on 31.03.2011 7748.83 4469.69
Total Exposure to Real Estate Sector 48474.59 42687.77
9b. Exposure to Capital Market
(`. in crore)
Particulars 31.03.2012 31.03.2011
1. Direct investment in equity shares, convertible
bonds, convertible debentures and units of equity
oriented mutual funds the corpus of which is not
exclusively invested in corporate debt; 2277.28 1862.86
2. Advances against shares/bonds/debentures or
other securities or on clean basis to individuals
for investment in shares (including IPOs/ESOPs)
convertible bonds, convertible debentures, and
units of equity oriented mutual funds; 5.12 6.13
3. Advances for any other purposes where shares
or convertible bonds or convertible debentures or
units of equity oriented mutual funds are taken as
primary security; 104.26 69.92
4. Advances for any other purposes to the extent
secured by the collateral security of shares or
convertible bonds or convertible debentures or
units of equity oriented mutual funds i.e. where
the primary security other than shares/convertible
bonds/convertible debentures/units of equity
oriented mutual funds does not fully cover
the advances 750.49 862.80
5. Secured and unsecured advances to stock brokers
and guarantees issued on behalf of stock brokers
and market makers 334.66 392.47
6. Loans sanctioned to corporate against the security
of shares/bonds/debentures or other securities or
on clean basis for meeting promoter's contribution
to the equity of new companies in anticipation of
raising resources; NIL NIL
7. Bridge loans to companies against expected equity
flows/issues; NIL NIL
v =¢r
v¤ tºrr¤t =¤ªr +r·r ¤r =¢r
:` +·|÷ n|
v¢rt 31.03.2012 31.03.2011
:~| v·¤-| +º|
i. ~|¤|=i¤ =-¤l-| ¤ ¬+ ·
~|¤|=i¤ =-¤-| ¤| +º|i ,|·| ~l¬+|· n ni
ª: t ¤| ni ¤|¤ªi ¤| l+·|¤ ¤· <i ª: t ¤-¬+
,|·| ¤¸º| -· vl-·|¸- +º| :ª¡.ºª..º¡. +| ` .º n|º|
-+ + ` ¡¡ªªº.¡· +·|÷ + -·|| ª¡.ºª..º¡¡ +|
` .º n|º| -+ + ` ¡¡ª.:.¡· +·| ÷ + ¤ ¤l+-+
~|¤|=i¤ +º| z||lnn t | 24605.66 21972.26
ii. ¤|lº|l-¤+ ª·||¤· =¤<| ª · l-l¬ ~|¬|l·-
=in|~| =lt- ¤ +º| ¤|lº|l-¤+ ª·||¤· =¤<| ¤·
¤¬+ + =¤- ,|·| =·l-|- l+( ¤|¤ª ::-n +|¤| n¤
+| ·|¤- º| <·| +|·| ¤|· +| ª·||- ¤t -ª z|i¤ ¤|lº|l-¤+
¤l·=· ~| ¤|lª+ ~·|¤| ª|<|n +| ª·||- ·|¸ln -= ¤·
l+¤| ª¤| l¤+|= ~| · l-n| º| ~|l< z||lnn t|ª |
:- +º|| n ª· l-l¬ ~|¬|l·- =in|( ·|i z||lnn t|ªi 16119.23 16243.11
iii. ¤¬+ =nl·| - vl-·|¸l-¤|n ¤i (=| n l-¤z|
~| · ~-¤ vl-·|¸- +º|
:+| ~|¤|=i¤ 0.87 2.71
:º|| ¤|lº|l-¤+ ª·||¤· =¤<| 0.00 0.00
:~|| ~v·¤-| +º|
·|·ºi¤ ~|¤|= ¤ +- (- ¤i| ~| · ~|¤|= l¤·- +-¤l-¤|
-(-(¤·=i| + =-¤-¬ n l-l¬ ~|¬|l·- -·|| ª · l-l¬
~|¬|l·- +º| :=n ª¡.ºª..º¡. +| ` ª.º..ª +·| ÷ +
l-¤z| -·|| ª¡.ºª..º¡¡ +| ` ª..¡. +·|÷ +
l-¤z| =l-nln- t 7748.83 4469.69
ª·||¤· =¤<| -|·| +| +n +º| 48474.59 42687.77
v=r ¤¸¬t ¤r¬rt ¤r =¢r
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
1. :l+¤ºi z|¤·| ¤l·¤--i¤ ¤¬¤·|| ¤l·¤--i¤ +º|
¤·|| ~|· :l+¤ºi --nº| -¤¸-~n ¤·÷| + ¤¸l-º|
n v·¤-| l-¤z| ¤| l-ªln- +º| +i n¸n l-l¬ n
ti (+ n|·| l-¤z| -ti t 2277.28 1862.86
2. z| ¤·| :~|: ¤i~| /: (=~| ¤i =l-nln- t | ¤l·¤- -i¤ ¤ ¬¤·||
¤l·¤--i¤ +º| ¤·| ~|· :l+¤ºi --nº| -¤¸-~n ¤·÷| n
l-¤z| + ln( ·¤l·º¤| +| z|¤·|/¤¬ ¤·||/+º| ¤·|| ¤|
~-¤ vl-·|¸l-¤| +i vl-·|¸l- ¤· ¤| ~vl-·|¸- ~lª n 5.12 6.13
3. fdlh vU; ç;ks tu ds fy, vfxz e tgka 'ks ;jks a ;k ifjorZ uh;
ca / i=kks a a ;k ifjorZ uh; ½.k i=kks a ;k bfDoVh mUeq [k E;w pq vy
iQa a Mks a ds ;w fuVks a dks çkFkfed çfrHkw fr ds :i es a j[kk x;k gks A 104.26 69.92
4. l+=i ~-¤ v¤|¤- + ln( ~lªn ¤t| z|¤·| ¤| ¤l·¤--i¤
¤|÷ ¤l·¤--i¤ l÷¤-· ~|· :l+¤ºi --nº| -¤¸-~n ¤·÷| +
¤¸l-º| +i =-¤|l>¤+ vl-·|¸l- -+ vl-·|¸l- <i ª: t| ~·||-¸
¤t| ¤l·¤--i¤ ¤|º÷ / ¤l·¤--i¤ +º| ¤·||/:l+¤ºi --nº|
-¤¸-~n ¤·÷| + ¤¸l-º| = l·|-- v|·|ln+ vl-·|¸l- ~lªn|
+| ¤¸·i -·t +¤· -ti +·-i t 750.49 862.80
5. ªº|+ ¤|+·| +| vl-·|¸- -·|| ~vl-·|¸- ~lªn ~|·
ªº|+ ¤|+·| -·|| n|l+º n+·| +i ~|· = <i
ª: ª|·lº¤| 334.66 392.47
6. ==|¬|-| + ¤·- +i =·||¤-| n -¤i +-¤l-¤| +i :l+¤ºi
+ vl- v¤-+| + ~z| +| ¤¸·| +·- + ln( z|¤·|/¤|º÷|/
+º| ¤·|| ¤| ~-¤ vl-·|¸l-¤| +i vl-·|¸l- ¤· ¤| l¤-|
vl-·|¸l- + l-ªln- =ª·||~| +| ª¤i+- l+¤| ª¤| +º| z|¸-¤ z|¸-¤
7. laHkkfor bfDoVh izokgksa@fuxZeksa ds izfr dEifu;ksa dks iwjd
½.k z|¸-¤ z|¸-¤
146
8. Underwriting commitments taken up by the banks
in respect of primary issue of shares or convertible
bonds or convertible debentures or units of equity
oriented mutual funds; NIL NIL
9. Financing to stock brokers for margin trading NIL NIL
10. All exposures to Venture Capital funds (both
registered and unregistered) 570.90 610.68
Total Exposure to Capital Market 4042.71 3804.86
9c. Risk Category wise Country Exposure
Bank's net funded exposure for risk category-wise country
exposures for each country is less than 1% of bank's assets as
on 31.03.2012 and as such no provision is required in terms
of RBI Master Cir. No. DBOD NO. BP.BC.12/21.04.048/2011-
12 dated July 1, 2011.
9d. Details of Single Borrower Limit and Group Borrower Limit
exceeded by the bank.
"The Bank has not exceeded prudential exposure ceilings in
respect of any Group Accounts and individual borrowers during
period 01.04.2011 to 31.03.2012".
9e. Unsecured Advances:
(`. in crores)
Particulars 31.03.2012 31.03.2011
1. Total amount of advances for which intangible
securities such as charge over the rights,
licenses, authority etc. has been included in
Sch.9 under 'Unsecured Advances' 2128.62 2033.32
2. Estimated value of intangible collaterals 2789.56 1778.53
10. Amount of provision made for income tax during the year
(`. in crore)
31.03.2012 31.03.2011
Current income tax 2192.38 2145.50
Provision for earlier years 0.00 -44.69
Deferred tax 45.05 24.14
11. Disclosure of penalties imposed by the RBI:
During the year no penalty has been imposed by RBI on the bank.
Other Disclosures required by Accounting Standards
12. AS -5 Prior Period and Change in Accounting Policy
There were no material prior period income/expenditure items
requiring disclosure under AS-5.
13. AS- 6 Depreciation accounting
Break up of total depreciation for the year for each class of
assets
(`. in crore)
Class of assets 31.03.2012 31.03.2011
Premises 7.41 8.08
Other fixed assets 267.22 227.58
Leased assets 0.07 0.06
Computer software 17.56 20.13
Total 292.26 255.85
8. z|¤·| ¤| ¤l·¤--i¤ ¤¬ ¤·|| ¤| ¤l·¤--i¤ +º| ¤·||
¤| :l+¤ºi --nº| -¤¸-~n ¤·÷| + ¤¸l-º| + v|:n·i
:z¤¸ + =-¤-¬ n ¤+| ,|·| t|ni<|·i vl-¤z-|( z|¸-¤ z|¸-¤
9. n|l¤- ºl÷ª + ln( ªº|+ ¤|+·| +| l¤-| z|¸-¤ z|¸-¤
10. -¤n ¤¸¤i l-l¬¤| :¤¤i+- ~|· ª· ¤¤i+- <|-|| +|
=nª- +º| 570.90 610.68
¤¸¤i ¤|¤|· +| +n +º| 4042.71 3804.86
vn ¬rf=rn v¢rt¤rt ªrr =r¤-¤t q¤=¤r¬t
v·¤+ <z| + ln( ¤+ +i z|z l-l¬¤| +| ¤|lº|n >º|i¤|· <z|i¤
(+=¤|¤· ¤+ +i ª¡.ºª..º¡. +i ~|lª-¤| + ¡¤l-z|- = +n t
~-· ·||·-i¤ l·¤¤ ¤+ + n|ªº· ¤l·¤·| =º¤| ÷i¤i~|÷i · =º¤|
¤i¤i · ¤i=i. ¡./.¡.º:.º:º/.º¡¡¡. l<-|+ º¡.º..º¡¡ + ~-=|·
+|: v|¤¬|- ~¤l-|- -ti t
vrr ¤¤ çrtr q¤¬ s¤rt¤ar =tnr aºrr =n¸r s¤rt¤ar =tnr ¤
sr¬rrª ¤ ª¤rt
'¤+ - º¡.º:..º¡¡ = ª¡.ºª..º¡. + <|·|- l+=i =n¸t º||- +
=-¤-¬ n l¤¤+¤¸º| =in|~| +| --n·|- -ti l+¤| t ''
vz. =¤fa+r¸a =fnn.
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
1. ~lª n| +i ¤t +n ·|lz| l¤=+ ln( ~n¸-
~|lª-¤| ¤= ~l¬+|·| ~-al--¤| v|l¬+|·|
~|l< ¤· +º| ·||· +| ''~vl-·|¸- ~lª n'' +
~--ª - ~-=¸-i º n z||lnn l+¤| ª¤| t 2128.62 2033.32
2. ~n¸- =¤|l>¤+ vl-·|¸l-¤| +| ~-n|l-- n¸-¤ 2789.56 1778.53
+o o"kZ ds nkSjku vk;dj gsrq fd;s x;s çko/ku dh jkf'k
:` +·|÷ n|
31.03.2012 31.03.2011
¤- n|- ~|¤+· 2192.38 2145.50
¤¸¤¤-i ¤·|| + ln( v|¤¬|- 0.00 -44.69
~|ª·|lª- +· 45.05 24.14
++. ft¬¤ ¤¤ çrtr ¬nr¤t n¤t rrrfta¤r ¤r ¤¤ºt¤t¢r .
·||·-i¤ l·¤¤ ¤+ - ¤·| + <|·|- +|: z||lª- -ti nª|: t
¬=rr nrª¤r çrtr =¤f+ra =-¤ ¤¤ºt¤t¢r
+z. ¬=rr nrª¤-s ¤¸¤-=¤f¤ =rt ¬=rr¤ª ªtfa n ¤ft¤aª
nº|| n|-+· + ~¬i- ¤¸¤ ~¤l¬ + ~|¤ / ·¤¤ + +|: nt·¤¤¸º|
v+ºi+·º| ~¤l-|- -ti t
+s. ¬=rr nrª¤-e . n¸r¤çr= ¬=rr f¤f¤
¤·| n ~|lª-¤| + v·¤+ ¤ª + ln( l+( ª( n¸-¤r|= +| ·¤|·|
:` +·|÷ n|
=rfta v¢rt 31.03.2012 31.03.2011
¤l·=· 7.41 8.08
~-¤ ~-n ~|lª-¤| 267.22 227.58
¤º¸º ¤|ni ~|lª-¤| 0.07 0.06
+--¤¸º· =|+º¤¤· 17.56 20.13
¤| ÷ 292.26 255.85
147
14. AS- 9 Revenue Recognition:
Certain items of income are recognized on realization basis as
per Accounting Policy No. 10(4). However, the said income is
not considered to be material.
15. AS 11- Changes in foreign exchange rates:
Movement of foreign currency translation reserve
(`. In Crore)
Particulars Amount
Balance as at 1st April 2011 -2.66
Credited during the period 1.4.11 to 31.03.2012 9.74
Withdrawn during the period -8.73
Balance as at 31.03.2012* (-)1.65
*included under "Other Assets"-Schedule 11 and provided for.
16. AS 15 - Employees Benefits:
ADOPTION OF AS - 15(R):
The Bank has adopted Accounting Standard 15(R) - Employee
Benefits, issued by the Institute of Chartered Accountants of
India (ICAI), with effect from 1st April 2007.
The Bank recognizes in its books of accounts the liability arising
out of Employee Benefits as the sum of the present value of
obligation as reduced by fair value of plan assets on the Balance
Sheet date.
In case of Other Long term employee benefits (LFC, Sick leave,
Silver Jubilee Award etc.) the transitional liability outstanding
for these benefits as on 01.04.2011 was ` 43.60 crores. The
same has been charged to Profit & Loss account during the
current year.
OPENING OF PENSION OPTION TO EMPLOYEES AND
ENHANCEMENT IN GRATUITY LIMITS
During the year 2010-11 the Bank reopened the pension
option for such of its employees who had not opted for the
pension scheme earlier. As a result 33982 employees had
exercised the option, the bank incurred a liability of
Rs.2757.65 crores. Further during the year 2010-11 the limit
of gratuity payable to the employees of the banks was also
enhanced pursuant to the amendment to the Payment of
Gratuity Act, 1972. As a result the gratuity liability of the
Bank had increased by Rs.566.00 crores. These Liabilities were
calculated on the basis of actuarial valuation.
In terms of the requirements of the Accounting Standard (AS)
15, Employee Benefits, the entire of `3323.65 crores.
(`2757.65 cr. + `566.00 cr.) were required to be charged to
the Profit and Loss Account. However, the RBI has issued a
circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated 9th
February 2011, on "Re-opening of Pension Option to
Employees of Public Sector Banks and Enhancement in Gratuity
Limits-Prudential Regulatory Treatment". In accordance with
the provisions of the said Circular, the Bank had charged off
`664.73 crores representing one-fifth of ` 3323.65 crores to
Profit & Loss Account for this year (`664.73crore already
++. ¬=rr nrª¤ v. tr¬t¤ nr-¤ar
~|¤ +i +¤ n<| +i n|-¤-| nº|| -il- =º¤| ¡º ::| + ~-=|·
¤=¸ni ~|¬|· ¤· +i ¤|-i t ¤t·t|n -+- ~|¤ -ªº¤ t
+s. ¬=rr nrª¤ ++ . f¤ªrrt f¤fªn¤ ªtr n ¤ft¤aª
l¤<z|i n:| ¤l·¤-- v|·l-|- n ·|º¤·
:` +·|÷ n|
f¤¤t¢r trfrr
¡ ~vn .º¡¡ +| z|·| -2.66
º¡.º:.¡¡ = ª¡.ºª.¡. +i ~¤l¬ + <|·|- ¤n| 9.74
~¤l¬ n l-+|=i -8.73
ª¡.ºª..º¡. +| z|·|* (-)1.65
* ''~-¤ ~|lª-¤|'' ~-=¸-i¡¡ n z||lnn -·|| v|¤¬|- l+¤| ª¤| t
+e. ¬=rr nrª¤ +s - ¤n¤rtt ¬r+r .
nº|| n|-+ ¡· :=z||l¬-| +| ~ªi+·º| ·
¤+ - º¡.º:..ºº = ·||·-i¤ =-<i nº||+|· =ª·||- ,|·| ¤|·i nº||
n|-+ ¡· :=z||l¬-| +n-|·i n|·| +| ~ªi+|· l+¤| t
¤+ - nº||¤lt¤| n -n-¤·| l-l·| +| ¤|¤-| ~|lª-¤| + -l-- n¸-¤
+| ·|º|+· <¤-| + ¤-n|- n¸-¤ +i ·|lz| + ª¤ n +n-|·i n|·||
= ~|¤i <¤-| +| ª¤i+|· l+¤| t
l<-| + º¡.º:..º¡¡ +i lª·|l- + ~- =|· ~-¤ <i·| +|ln+ +n -|·i
n|·|| | ¤ = ¤ º¸ ºi l+·|¤| l·¤|¤- ¤in|·i ¤ º¸ ºi l=-¤· ¤ ¤ni ~¤|÷
:·¤|l<| + n|nn n = +nº| +|ni- < ¤-| ªº :ª.·º +·| ÷ ¤+|¤| ·|i
-= -|n¸ l¤·-i¤ ¤·| + n|·| ¤ t|l- º||- n v·||l·- l+¤| ª¤| t
+n-|l·¤| + ln( ¤z|- l¤+-¤ º||n-| -·|| -¤<|- +i =in|~| n
¤lz
¤·| .º¡º¡¡ + <|·|- ¤+ - ~¤- -- +n-|l·¤| + ln( ¤z|- +|
l¤+-¤ ¤-· º||n l<¤| l¤-t|- ¤tn ¤z|- +| l¤+-¤ -ti l<¤| ·||
¤l·º|nª¤ª¤ ªªºº. +n-|l·¤| ,|·| (= l¤+-¤ +| v¤|ª l+¤|
ª¤| ~|· ¤+ +| ` .·.·· +·|÷ +i <¤-| +| ¤|¤ -a|-| ¤÷|
:=i v+|· ¤·| .º¡º¡¡ n -¤<|- ·|ª-|- ~l¬|l-¤n ¡º. n
=z||·|- + ¤·nª¤ª¤ ¤+ + +n-|l·¤| + ln( -¤<|- ·|ª-|- +i
=in| ·|i ¤·|: ª: l¤=+ ¤·nª¤ª¤ -¤<|- =¤¬i ¤+ +i <¤-| n
···.ºº +·|÷ +i ¤lz t: :- <¤-|~| +i ªº|-| ¤in|l++ n¸-¤|+-
+ ~|¬|· ¤· +i ª¤i t
nº|| n|-+ ¡· +n-|·i n|·| +i ~¤-||~| + ~-=|· ` ªª.ª.··
+·|÷ :` .·.·· +·|÷ - ` ···.ºº +·|÷| +| n|·| ¤ t|l- º||-
n v·||l·- l+¤| ¤|-| ~¤l-|- t ¤t·t|n ·||·-i¤ l·¤¤ ¤+ -
''=|¤¤l-+ -|·| + ¤+| + +n-|l·¤| + ln( ¤z|- l¤+-¤ ¤-·
º||n-| -·|| -¤<|- =in|~| n ¤lzl¤¤+¤¸º| l¤l-¤|n+ ·¤¤t|·''
l¤·|¤ ¤· º ¤··¤·i .º¡¡ +| ¤l·¤·| =º¤| ÷i¤i~|÷i.¤i¤i.¤i=i.
ºº/.¡.º:. º¡º/.º¡º¡¡ ¤|·i l+¤| t -+- ¤l·¤·| + v|¤¬|-| +
~-=|· ¤+ - ¤·| + n|·| ¤ t|l- º||- n ` ··:.ª +·|÷ +i ·|lz|
-|¤ ~|¤· +i t ¤| ` ªª.ª.·· +·|÷ +i ·|lz| +| ¤|-¤| ltª=|
¤--i t :` ··:.ª +·|÷ l¤¤n ¤·| n ¤tn ti -|¤ l+( ¤| -+
148
charged in previous year). In terms of the requirements of
the aforesaid RBI circular, the balance amount carried forward,
i.e. `1994.19 crores.(`3323.65 cr- `1329.46 cr.) does not
include any liability relating to separated/retired employees.
Such balance amount carried forward has been grouped in
Schedule 5 under head "Others" and correspondingly in
Schedule 11 under 'Others' and will be charged off in
subsequent years
DISCLOSURE IN ACCOERDANCE WITH AS-15(R):
In line with the accounting policy and as per the Accounting
Standard - 15(R), the summarized position of post employment
benefits are recognized in the Profit & Loss A/c and Balance
Sheet as under:
I Principal Actuarial Assumption at the Balance sheet date
(expressed as weighted averages) :
(in %)
Acturial Assumptions Pension Gratuity Leave Encashment
(Funded) (funded) (Unfunded)
31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011 31.03.2012
Discount Rate 8.45% 8.80% 8.17% 8.60% 8.17% 8.60%
Expected Return on
Plan Assets 8.56% 8.61% 8.59% 8.61% - -
Rate of Escalation In salary 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Attrition Rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
II Changes in the present value of the obligations (PVO)
Reconciliation of Opening and closing balances
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 01.04.2011 10590.72 2398.74 1032.00
Interest Cost 876.69 188.56 79.47
Current Service Cost 1352.1 142.53 33.87
Benefits paid (431.27) (181.69) (118.59)
Actuarial loss / (gain) on obligations (719.44) 8.06 73.65
(Balancing Figure)
Present value of Obligation, 31.03.2012 11668.83 2556.20 1100.40
III Changes in the Fair Value of Plan Assets- Reconciliation
of opening and closing balances:
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
FAIR value of Plan Assets, 01.04.2011 8449.60 1945.94 -
Expected return on Plan assets 771.39 172.27 -
Contributions by Bank, Employees 1555.27 300.86 118.59
Benefits Paid (431.27) (181.69) (118.59)
Actuarial (loss) / gain on Plan Assets
(Balancing Figure) (153.08) (21.07) 0
FAIR value of Plan Assets, 31.03.2012 10191.91 2216.31 -
t| ·||·-i¤ l·¤¤ ¤+ + -+- ¤l·¤·| +i ~¤-||~| + ~-=|· ~|ª
n ¤|¤i ª¤i z|·| ·|lz| ~·||-¸ `¡ºº:.¡º +·|÷ :`ªª.ª.·· +·|÷
`¡ª.º.:· +·|÷| ~nª t(/ =¤|l-¤·- +n-|l·¤| = =¤z +|:
<¤-| z||lnn -ti t ~|ª n ¤|¤i ª¤i z|·| ·|lz| +| ~-=¸-i · +
z|i·| '' ~-¤ '' + ~--ª- ·º|| ª¤| t ~|· -<-ª¤ ~-=¸-i ¡¡ +
z|i·| ''~-¤'' + ~--ª- ·º|| ¤|¤ª| (¤ ¤·¤-i ¤·|| n -|¤ ~|¤·
l+¤| ¤|¤ª|
nº|| n|-+¡· :=z||l¬-| + ~-=|· v+ºi+·º|
nº|| -il- + ~-ª¤ -·|| nº|| n|-+ ¡· :=z||l¬-| + ~-=|·
·|¤ª|· -¤·|-- lnn- ¤|n ¤·|¤< +i =l-|-- lª·|l- +| n|·| ¤ t|l-
º||- ~|· -n-¤·| n l---¤-¸ n|-| ª¤| t·
I -n-¤·| +i -|·iº| +| v¬|- ¤in|l++ n|-¤-| :¬|l·- ~-¤|-|
+ ª¤ n ·¤+-|
:· n|
¤tnrf¤ ¤ nr-¤ar ¤ rrª s¤ªrª ø º¸ ºt ª¤ªt¤t¢r
(fªf¤¤¸ (fªf¤¤¸ (n t fªf¤¤¸
31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011 31.03.2012
¤º¸ º| <· 8.45% 8.80% 8.17% 8.60% 8.17% 8.60%
¤| ¤-| ~|lª-¤| +
vl-¤·n +i = ·||l¤- <· 8.56% 8.61% 8.59% 8.61% - -
¤-- n ¤lz +i <· 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
r|= <· 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
II <|l¤·¤| + ¤-n|- n¸-¤ n :¤i¤i~|| ¤l·¤-- v|·l-·|+ -·||
~l-n z|·|| +| =n|¬|-
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(n t fªf¤¤¸
º¡.º:..º¡¡ +| <|l¤·¤| +| ¤-n|- n¸-¤ 10590.72 2398.74 1032.00
·¤|¤ n|ª- 876.69 188.56 79.47
-|n¸ =¤| n|ª- 1352.1 142.53 33.87
=<·- n|·| (431.27) (181.69) (118.59)
<|l¤·¤| ¤· ¤in|l++ t|l-/:n|·|| (719.44) 8.06 73.65
:-n- ¤·| + ~|+÷|
ª¡.ºª..º¡. + ~- n <|l¤·¤| +| ¤-n|- n¸-¤ 11668.83 2556.20 1100.40
III ¤|¤-| ~|lª-¤| + -l-- n¸-¤ n ¤l·¤-- v|·l-·|+ -·||
:l-z|·|| +| =n|¬|-
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(n t fªf¤¤¸
¡.º:..º¡¡ ¤|¤-| ~|lª-¤| +| -l-- n¸-¤ 8449.60 1945.94 -
¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n 771.39 172.27 -
¤+ +n-|l·¤| ,|·| ~z|<|- 1555.27 300.86 118.59
=<·- n|·| (431.27) (181.69) (118.59)
¤|¤-| ~|lª-¤| ¤· ¤in|l++ t|l-/:n|·|| (153.08) (21.07) 0
ª¡ n|- .º¡. +| ¤|¤-| ~|lª-¤| +|
-l-- n¸-¤ 10191.91 2216.31 -
149
IV Actual Return on Plan Assets
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Expected return on Plan Assets 771.39 172.27 -
Acturial (loss) / gain on Plan Assets (153.08) (21.07) -
Actual Return on Plan Assets 618.31 151.20 -
V Net Actuarial (Gain) / loss Recognized
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Actuarial (loss) / gain on obligations (719.44) 8.06 73.65
Actuarial (loss) / gain on Plan Assets 153.08 21.07 0
Net Actuarial (gain) or loss recognized in year (566.36) 29.13 73.65
VI Amount recognized in Balance Sheet and related analysis
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 31.03.2012 11668.83 2556.20 1100.40
FAIR value of Plan Assets, 31.03.2012 (10191.91) (2216.31) 0
Difference 1476.92 339.89 1100.40
Unrecognized Past Service cost -
vested benefits - Carried Forward (1654.59) (339.60) 0
Negative amount determined under
Paragraph 55 of AS-15 (R) (177.67) - -
Present value of available future refunds
and reductions in future contributions 177.67 - -
Asset recognized as per Limit under
paragraph 59 (b) of AS-15 ( R ) 177.67 - -
Liability Recognized in the Balance Sheet - 0.29 1100.40
VII. Expenses recognized in the Profit & Loss A/c
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Current Service Cost 1352.10 142.53 33.87
Interest Cost 876.69 188.56 79.47
Expected return on Plan assets (771.39) (172.27) 0
Net Actuarial (gain) or loss recognized
in year (566.33) 29.13 73.65
Past Service Cost- (vested benefits)
Recognized 551.53 113.20 0
Expense Recognised in Statement of
Profit & Loss 1442.60 301.15 186.99
IV ¤|¤-| ~|lª-¤| ¤· ¤|ª-l¤+ vl-¤·n
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
¤|¤-| ~|lª-¤| ¤· ~-n|l-- vl-¤·n 771.39 172.27 -
¤|¤-| ~|lª-¤| ¤· ¤in|l++ :t|l-|/n|·| (153.08) (21.07) -
¤|¤-| ~|lª-¤| ¤· ¤|ª-l¤+ vl-¤·n 618.31 151.20 -
V n|-¤ z|z ¤in|l++ :n|·||/t|l-
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
<|l¤·¤| ¤· ¤in|l++ :t|l-|/n|·| (719.44) 8.06 73.65
¤|¤-| ~|lª-¤| ¤· ¤in|l++ :t|l-|/n|·| 153.08 21.07 0
¤·| n n|-¤ z|z ¤in|l++ n|·| ~·|¤| t|l- (566.36) 29.13 73.65
VI -n-¤·| n n|-¤ ·|lz| -·|| =¤z l¤zn·|º|·
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
ª¡.ºª..º¡. +| <|l¤·¤| +| ¤- n|- n¸-¤ 11668.83 2556.20 1100.40
ª¡.ºª..º¡. ¤|¤-| ~|lª-¤| +| -l-- n¸-¤ (10191.91) (2216.31) 0
~--· 1476.92 339.89 1100.40
~n|-¤ ª- =¤| n|ª- l-lt- n|·|
~|ª n ¤|¤| ª¤| (1654.59) (339.60) 0
nº|| n|-+ ¡· :=z||l¬-| + ¤ ·| ··
+ ~--ª - -+|·|·n+ l-¬| l·- ·|lz| (177.67) - -
·||¤i ~z|<|-| n +º|-i ~|· -¤n·¬
·||¤i +º| -i +| ¤- n|- n¸-¤ 177.67 - -
nº|| n|-+¡· :=z||l¬-| ¤ ·| ·º
+ ~--ª - =in| ~-=|· n|-¤ ~|lª- 177.67 - -
-n-¤·| n n|-¤ <¤-| - 0.29 1100.40
VII. n|·| ¤ t|l- º||- n n|-¤ ·¤¤
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
-|n¸ =¤| n|ª- 1352.10 142.53 33.87
·¤|¤ n|ª- 876.69 188.56 79.47
¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n (771.39) (172.27) 0
¤·| + <| ·|- z|z ¤in|l++ :n|·||/~·|¤|
t|l- (566.33) 29.13 73.65
ª- =¤| n|ª- :l-lt- n|·|| n|-¤ 551.53 113.20 0
n|·| ¤ t|l- º||- +i l¤¤·º|i n n|-¤
·¤¤ 1442.60 301.15 186.99
150
VIII Movement in Net Liability to be recognized in Balance
Sheet
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Opening Net Liability (65.00) 0 1032.00
Expenses-Employees recovery & transfer
from Provident Fund 1442.60 301.15 186.99
Contributions Paid (1555.27) (300.86) (118.59)
Closing Net Liability (Liability recognized
in B/S in current period (177.67) 0.29 1100.40
IX Amount for the current Period
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 31.03.2012 11668.83 2556.20 1100.40
FAIR value of Plan Assets, 31.03.2012 10191.91 2216.31 0
Surplus / (Deficit) (1476.92) (339.89) (1100.40)
Experience Adjustments in Plan Liabilities
-(loss) / Gain 22.29 75.90 (99.65)
Experience Adjustments in Plan Assets
(loss) / gain (153.08) (21.07) 0
X Major Categories of Plan Assets (as percentage of Total
Plan Assets)
(In Percentage)
Particulars Pension Gratuity
(Funded) (Funded)
Government Of India Securities 23.33 22.22
State Govt Securities 25.49 28.94
High Quality Corporate Bonds 25.23 28.36
Equity Shares of listed companies 0.00 0.00
Property 0.00 0.00
Special deposit scheme 8.80 0.00
Funds managed by Insurer 0.00 6.87
Other- Bank Deposits and CDs 17.15 13.61
TOTAL 100.00 100.00
XI BEST ESTIMATE OF CONTRIBUTION DURING NEXT
YEAR
(Amount ` in Crore )
Particulars Pension Gratuity
(Funded) (Funded)
Bank's best estimate of Contribution during next year 1200.00 250.00
XII Other Long Term employee benefits (Unfunded)
(Amount ` in Crore )
Particulars Leave Silver Sick Leave
Fare Jublee including
concession Bonus casual leave
(unfunded) (Unfunded) (Unfunded)
Present Value of Obligation 119.56 12.80 219.90
Opening Balance of Transitional Liability 18.00 1.80 24.00
Transitional Liability recognized in the year 18.00 1.80 24.00
Closing Balance Of Transitional Liability 0.00 0 0
Liability Recognized in balance Sheet 119.56 12.80 219.90
VIII -n-¤·| n n|-¤ t|- ¤|ni z|z <¤-| n ·|º¤·
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
v|·l-·|+ z|z <¤-| (65.00) 0 1032.00
·¤¤+n -|l·¤| = ¤=¸ni -·|| ·|l¤·¤
l-l¬ = ~-l·- 1442.60 301.15 186.99
=<·- ~z|<|- (1555.27) (300.86) (118.59)
~l-n z|z <¤-| :-|n¸ ~¤l¬ n
-n-¤·| n n|-¤ <¤-|| (177.67) 0.29 1100.40
IX ¤-n|- ~¤l¬ + ln( ·|lz|
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
<|l¤·¤| +| ¤- n|- n¸-¤ ª¡.ºª..º¡. 11668.83 2556.20 1100.40
¤|¤-| ~|lª-¤| +| -l-- n¸-¤ ª¡.ºª..º¡. 10191.91 2216.31 0
~l¬z|·| :·||º|| (1476.92) (339.89) (1100.40)
¤|¤-| <¤-|~| n ~-·||l¤+
=n|¤|¤- :t|l-|/n|·| 22.29 75.90 (99.65)
¤|¤-| ~|lª-¤| n ~-·||l¤+
=n|¤|¤- :zt|l-|/n|·| (153.08) (21.07) 0
X ¤|¤-| ~|lª-¤| +i vnº| >lº|¤| :+n ¤|¤-| ~|lª-¤| +|
vl-z|-|
:¤l-z|- n|
f¤¤t¢r ¤rrª s¤ªrª
(fªf¤¤¸ (fªf¤¤¸
·||·- =·+|· +i vl-·|¸l-¤| 23.33 22.22
·|-¤ =·+|· +i vl-·|¸l-¤| 25.49 28.94
--- l+ªn + +|¤|·º ¤|º÷ 25.23 28.36
=¸-i¤z +-¤l-¤| + :l+¤ºi z|¤· 0.00 0.00
=¤l·- 0.00 0.00
l¤z|·| ¤n| ¤|¤-|( 8.80 0.00
¤in|+-| ,|·| -n|: ª: l-l¬¤| 0.00 6.87
~-¤¤ + ¤n|·|lz|¤| ~| · ¤n| vn|º|¤·| :=i÷i| 17.15 13.61
¬rz 100.00 100.00
XI ~|ª|ni ¤·| + <|·|- ~z|<|- +| >·a-n ~-n|-
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª
(fªf¤¤¸ (fªf¤¤¸
~|ª|ni ¤·| + <| ·|- ¤ + +| >·a-n ~z|<|- +| ~-n|- 1200.00 250.00
XII ~-¤ <i·||¤l¬ +n-|·i n|·| :ª· l-l¬+|
:·|lz| ` +·|÷ n|
f¤¤t¢r q¬q¤·=t f=r¤t =r¤ftn¤
(nt fªf¤¤¸ ¬¤¬t øº¸ºt =fra
¤rª= ¤tnrtt ¤t
(nt fªf¤¤¸ øº¸ºt
(nt fªf¤¤¸
<|l¤·¤ +| ¤- n|- n¸-¤ 199.56 12.80 219.90
=+nº|z|in <¤-| +| v|·l-·|+ z|·| 18.00 1.80 24.00
¤·| + <| ·|- n|-¤ =+nº|z|in <¤-| 18.00 1.80 24.00
=+nº|z|in <¤-| +| :l-z|·| 0.00 0 0
-n-¤·| n n|-¤ <¤-| 119.56 12.80 219.90
151
XIII Basis of Actuarial Assumption Considered
Particulars Basis of assumption
Discount rate Discount rate has been determined by reference to
market yields on the balance sheet date on Government
Bonds of term consistent with estimated term of the
obligations as per para 78 of AS15R.
Expected rate of return The expected return on plan assets is based on market
on plan assets expectations, at the beginning of the period, for returns
over the entire life of the related obligation.
Rate of escalation in salary The estimates of future salary increases considered in
actuarial valuations taking into account inflation,
seniority, promotion and other relevant factors
mentioned in paras 83-91 and 120(I) of AS15R.
Attrition rate Attrition rate has been determined by reference to past
and expected future experience and includes all types
of withdrawals other than death but including those due
to disability.
17 SEGMENT REPORTING FOR THE YEAR ENDED 31ST
MARCH 2012
( ` in Lacs)
PART A: BUSINESS SEGMENTS
S. Particulars YEAR ENDED YEAR ENDED
No. 31.03.2012 31.03.2011
(Audited) (Audited)
i. Segment Revenue
a) Treasury 850945 638209
b) Corporate/Wholesale Banking 1914220 1395672
c) Retail Banking 1233428 951006
d) Other Banking Operations 64471 75019
Total 4063064 3059906
ii. Segment Results
a) Treasury 80119 72484
b) Corporate/Wholesale Banking 645946 527061
c) Retail Banking 416215 359138
d) Other Banking Operations 21755 28330
Total 1164035 987013
iii. Unallocated Expenses 102606 81444
iv. Operating Profit 1061429 905569
v. Provision for Tax 215284 213023
vi. Extraordinary Items ----
vii. Net Profit 488420 443350
Other Information:
viii. Segment Assets
a) Treasury 12798711 9707049
b) Corporate/Wholesale Banking 22414029 18593732
c) Retail Banking 9397140 8607689
d) Other Banking Operations 853630 592560
Sub Total 45463510 37501030
e) Unallocated Assets 355890 331494
Total Assets 45819400 37832524
ix. Segment Liabilities
a) Treasury 12091223 9214872
XIII l¤-|l·- ¤in|l++ ¬|·º||~| +| ~|¬|·
f¤¤t¢r ¤rt¢rr ¤r =r¤rt
¤º¸º| <· =z||l¬- nº|| n|-+ =º¤| ¡· + ¤ ·| º + ~-=|·
<|l¤·¤| +i ~-n|l-- z|-| + ~-ª¤ =·+|·i ¤¬ ¤·|| ¤·
-n- ¤·| +i l-l·| +| ¤|¤|· v|l--¤| + ~-=|· ¤º¸º| <·
l-¬| l·- +i ª¤i t
¤|¤-| ~|lª-¤| ¤· ¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n <· =¤l¬- <|l¤·¤
vl-¤·n +i =·||l¤- <· +i ¤¸·i ~|¤ + l·º-| + ln( ~¤l¬ + ~|·-·| n ¤|¤|·
=·||¤-|~| ¤· ~|¬|l·- t
¤--¤lz <· = z|| l¬- n º|| n|-+ = º¤| ¡·~|· + ¤ ·| ºª.º¡ ~| · ¡.º :¡|
+ ~- =|· ·||¤i ¤ --¤ lz + ~- n|-| + ln( +n -|·i ¤|¤ |· n
~|¤¸ l- (¤ n| ª ¤ = = ¤z ·|º+| nt ª|: ¤l··a-| ¤<| --l-
~|l< ¤· ¤in| l++ n¸ -¤| +- ¤· l¤-|· l+¤| ª¤| t
r|= <· r|= <· +| l-¬| ·º| l¤¤n ~| · = ·||l¤- ·||¤i ~- ·|¤|
= <·| ,|·| l+¤| ª¤| t ~| · -=n n ·¤ +| ¤| ÷ +· l+ -
~z|+--| + +|·º| t : ~-¤ =·|i v+|· +i l-+|l=¤|
=l-nln- t
17 s+ nr¤, zo+z ¤r =nrta ¤rr ra =rz¤rt =¸¤ªr
:` n|º| n|
+rrn ¤ . ¤rtr¤rt =rz
a f¤¤t¢r =nrta ¤rr =nrta ¤rr
= . 31.03.2012 31.03.2011
(¬=rr¤ttf+ra¸ (¬=rr¤ttf+ra¸
i. =rz¤rt tr¬t¤
+| º¤·i 850945 638209
º|| +|¤|·º/ t|n=n ¤l+ª 1914220 1395672
ª| l·ºn ¤l+ª 1233428 951006
·|| ~-¤ ¤l+ª ¤l·-|n- 64471 75019
¤| ÷ 4063064 3059906
ii. =rz¤rt ¤ft¢rrn
+| º¤·i 80119 72484
º|| +|¤|·º/ t|n=n ¤l+ª 645946 527061
ª| l·ºn ¤l+ª 416215 359138
·|| ~-¤ ¤l+ª ¤l·-|n- 21755 28330
¤| ÷ 1164035 987013
iii. nt =r¤fºa ª¤¤ 102606 81444
iv. ¤l·-|n- n|·| 1061429 905569
v. +· t- v|¤¬|- 215284 213023
vi. ~=|¬|·º| n< ----
vii. z|z n|·| 488420 443350
=-¤ =¸¤ªr.
viii. =rz¤rt =rfta¤r
+| º¤·i 12798711 9707049
º|| +|¤|·º/ t|n=n ¤l+ª 22414029 18593732
ª| l·ºn ¤l+ª 9397140 8607689
·|| ~-¤ ¤l+ª ¤l·-|n- 853630 592560
-¤ ¤|÷ 45463510 37501030
÷.|ª· ~|¤lº- <¤-|( 355890 331494
¤¬ ª¤arq 45819400 37832524
ix. =rz¤rt =rfta¤r
+| º¤·i 12091223 9214872
152
b) Corporate/Wholesale Banking 21175024 17650973
c) Retail Banking 8877684 8171253
d) Other Banking Operations 806443 562516
Sub Total 42950374 35599614
e) Unallocated Liabilities 87319 82054
Total Liabilities 43037693 35681668
Note:
1. Segment Liabilities are distributed in the ratio of their respective Segment Assets.
2. As the operations outside India are less than the threshold limit of 10%, secondary
segment information has not been required to be furnished.
3. Figures of the previous period have been re-grouped / reclassified wherever necessary
on change in basis of allocation of expenditure.
18. Disclosure of Related Parties as per AS -18 issued by ICAI
Names of the related parties and their relationship with
the Bank:
Key Management Personnel:
i) Shri K. R. Kamath, Chairman & Managing Director
ii) Shri M.V. Tanksale, Executive Director (upto 28.06.2011)
iii) Shri Rakesh Sethi, Executive Director
iv) Ms. Usha Ananthasubramanian (w.e.f. 19.07.2011)
Subsidiaries
i) PNB Gilts Ltd.
ii) PNB Housing Finance Ltd.
iii) Punjab National Bank (International) Ltd., UK
iv) PNB Investment Services Ltd
v) Druk PNB Bank Ltd.
vi) PNB Insurance Broking Pvt Ltd.
vii) PNB Life Insurance Company Ltd.
viii) JSC SB PNB Kazakhstan
Associates:
i) Everest Bank Limited
ii) Principal PNB Asset Management Company Pvt. Ltd.
iii) Principal Trustee Company Private Limited
iv) Assets Care & Reconstructions Enterprise Ltd.
v) India Factoring & Finance Solutions Pvt Ltd
vi) Madhya Bihar Gramin Bank, Patna
vii) Haryana Gramin Bank, Rohtak
viii) Himachal Gramin Bank, Mandi
ix) Punjab Gramin Bank, Kapurthala
x) Rajasthan Gramin Bank, Alwar
xi) Sarva UP Gramin Bank, Meerut
º|) +|·¤|·º/t|n=n ¤l+ª 21175024 17650973
ª) l·ºn ¤l+ª 8877684 8171253
·|) ~-¤ ¤l+ª ¤l·-|n- 806443 562516
s¤ ¬rz 42950374 35599614
÷.) ª· ~|¤lº- <¤-|( 87319 82054
¤¬ ª¤arq 43037693 35681668
ªrº.
1. º| ÷¤|· < ¤-|~| +| --+i =-¤z º| ÷¤|· ~|lª-¤| + ~- ¤|- n ~|¤ lº- l+¤| ª¤| t
2. -¸l+ ·||·- + ¤|t· +| ¤l·-|n- ¡º¤ l-z|- +i v|·l-·|+ =in| = +n t ~-· ª| º|
º|÷¤|· =¸--| <-| ~¤l-|- -ti t
3. l¤¤ni ~¤l¬ + ~|+÷| +| ·¤¤ + ~|¤º- + ~|¬|· n ¤l·¤- - t|- ¤·
~|¤z¤+-|-=|· ¤-· =n¸t-/¤-¤ ªi +·º| l+¤| ª¤| t
18. +rrtat¤ =ªªt ¬=rr¤rt =tºrrª çrtr ¬rtt =rrrf¤a ¬=rr nrª¤
- +s ¤ =ª=rt ¤¤ºt¤t¢r
=¤f¤a ¤rfº¤r ¤ ªrn aºrr ¤¤ ¤ =rºr sª¤ =¤¤
n=¤ ¤¤¤ª ¤rfn¤.
+| >i + ~|· +|n- ~¬¤-| (¤ v¤-¬ l-<z|+
º|| >i (n ¤i º|+=|n +|¤¤|n+ l-<z|+ :.º.º·..º¡¡ -+|
ª| >i ·|+z| =ai +|¤¤|n+ l-<z|+
·|.| >in-i -·|| ~- -= ¤ nnº¤- +|¤ ¤|n+ l-< z|+ :¡º.º..º¡¡ = |
=ªrrfn¤r .
i) ¤i(-¤i lª-º= lnlnº÷
ii) ¤i(-¤i t|-l=ª ¤·|:-= lnlnº÷
iii) ¤¤|¤ -z|-n ¤+ ::º·-z|-n| lnlnº÷ ¤¸.+.
iv) ¤i(-¤i :-¤ªºnº =l¤=¤ lnlnº÷
v) ÷+ ¤i(-¤i ¤+ lnlnº÷
vi) ¤i(-¤i lvl=¤n :z¤|·= ¤|l+ª v|.ln.
vii) ¤i(-¤i n|:¤· :z¤|·= +-¤-i ln.
viii) ¤(==i (=¤i ¤i(-¤i +¤|l+ª-|-
=r¤rnt =tºrrq.
i) (¤·ªº ¤+ ln.
ii) lvl=¤n ¤i(-¤i ~=º n-¤nº +-¤-i v|.ln.
iii) lvl=¤n ºªºi +-¤-i v|.ln.
iv) ~=º¸= +¤· (÷ l·+ªºz|¤ (º·v|:¤¤ ln.
v) :l÷¤| ¤·+ºl·ª (º÷ ¤·|:-= =|-¤¸z|¤ v|.ln.
vi) n·¤ l¤t|· ª|niº| ¤+ ¤º-|
vii) tl·¤|º|| ª|niº| ¤+ ·|t-+
viii) ltn|-n ª|niº| ¤+ nº÷i
ix) ¤¤|¤ ª|niº| ¤+ +¤¸··|n|
x) ·|¤ª·||- ª|niº| ¤+ ~n¤·
xi) =¤ ¤¸¤i ª|niº| ¤+ n·a
153
=¤f¤a ¤rfº¤r = ¬ª ªª'*
n</=¤l¬- n¸n** ~-·|lª¤| ** =t¤|ªi/ nº¤ v¤¬- nº¤ v¤¬- +n
¤|ºi ª¤|ln·¤ ~·|¤| =¤+- -¤n +|ln+ +|ln+ +
l-¤·|º| + ~-=|· l·z-<|·
2011-12 ~l¬+-n 2011-12 ~l¬+-n 2011-12 ~l¬+-n 2011-12 ~l¬+-n 2011-12 ~l¬+-n 2011-12 ~l¬+-n
¤+|¤| ¤+|¤| ¤+|¤| ¤+|¤| ¤+|¤| ¤+|¤|
·|lz| ·|lz| ·|lz| ·|lz| ·|lz| ·|lz|
¤|l·>ln+ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- 58.03 n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 58.03 58.03
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- (59.42) n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (59.42) (59.42)
-¬|· n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- - - - -
¤n|·|lz|¤| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 2364.72 10461.30 59.37 67.45 0.54 5.52 2424.63 10534.27
(6.11) (7639.98) (19.12) (36.93) (0.41) (0.75) (25.64) (7677.66)
¤n|·|lz|¤| +| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 4298.21 4298.21 4298.21 4298.21
l-¤|¤- (00.00) (2428.94) (00.00) (2428.94)
l-¤z| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 36917.21 37815.72 0.00 0.00 0.00 0.00 36917.21 37815.72
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (12770.62) (13752.76) (0.00) (0.46) (0.00) (0.00) (12770.62) (13753.22)
z|¤· ¤¸¤i n n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 9407.00 N.A 5.33 N.A -- -- 9412.33 N.A
l-¤z| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (7907.00) ((N.A) -- -- -- -- (7907.00) (N.A)
+º| ¤·|| n n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- -- -- -- -- -- --
l-¤z| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (0.00) (0.00) -- -- -- -- -- --
ª · l-l¬+ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti
¤l-¤z-|( (0.00) (0.00) -- -- -- -- -- --
ni ª¤i -- -- -- -- -- -- -- -- -- -- -- --
nil¤ª/(-¤i
·¤¤ª·||
<i ª¤i -- -- -- -- -- -- -- -- -- -- -- --
nil¤ª/(-¤i
·¤¤ª·||
~-n ~|lª-¤| -- -- -- -- -- -- -- -- -- -- -- --
+i º|·i<
~-n ~|lª-¤|
+i l¤+i -- -- -- -- -- -- -- -- -- -- -- --
<i ª¤i
nil¤ª/(-¤i
·¤¤ª·|| -- -- -- -- -- -- -- -- -- -- -- --
=<-| ·¤|¤ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 106.73 n|ª¸ -ti 1.99 n|ª¸ -ti 0.04 n|ª¸ -ti 107.60 n|ª¸ -ti
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (193.10) (n|ª¸ -ti) (0.45) (n|ª¸ -ti) (0.02) (n|ª¸ -ti) (193.10) (n|ª¸ -ti)
¤ |-- ·¤|¤ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 1670.13 n|ª¸ -ti -- -- -- -- 1670.13 n|ª¸ -ti
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (523.02) (n|ª¸ -ti) -- -- -- -- (523.02) (n|ª¸ -ti)
=¤|( ¤|--
+·-| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- n|ª¸ -ti -- -- -- -- -- n|ª¸ -ti
=¤|( ¤<-| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- -- -- -- -- -- --
+·-| (0.46) (n|ª¸ -ti) -- -- -- -- (0.46) (n|ª¸ -ti)
¤¤-¬- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 25.00 n|ª¸ -ti -- -- -- -- 25.00 n|ª¸ -ti
=l¤<|( (25.00) (n|ª¸ -ti) -- -- -- -- (25.00) (n|ª¸ -ti)
¤|-- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 715.67 n|ª¸ -ti -- -- -- -- 715.67 n|ª¸ -ti
n|·|| z| (313.34) n|ª¸ -ti -- -- -- -- (313.34) n|ª¸ -ti
v¤-¬- ,|·| - ¤|· -·|| vn|lº|-
:+|·a+| n l<( ª( ~|+÷ l¤¤n ¤·| + t|
**~-·|lª¤| ~| · +¤ =t¤|ªi =ª·||~| + =|·| t( n-<- +| v+ºi+·º| nº|| n|-+ ¡º'' =-¤l-¬- ¤|ºi v+ºi+·º|'' + ¤ ·| º + nª-¤· -ti l+¤| ª¤| t ¤| ·|-¤ ,|·| l-¤l·|- -¤n| +| --+i (=i ~-¤ =-¤l-¬- ¤|lº ¤| = n-<- n
= l+=i = =-¤l-¬- =¸--| <- = ¤¸º <-| t ¤| ·|-¤ ,|·| l-¤l·|- t|
154
Transactions with Related Parties*
Items/ Parent** Subsidiaries** Associates/ Key Management Relatives of Key Total
Related (as per ownership Jt ventures Personnel Management
Party or control) Personnel
2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum
amount amount amount amount amount amount
outstanding outstanding outstanding outstanding outstanding outstanding
Remuneration N.A N.A N.A N.A -- -- 58.03 NA NA NA 58.03 58.03
N.A N.A N.A N.A -- -- (59.42) NA NA NA (59.42) (59.42)
Borrowings N.A N.A N.A N.A -- -- - - - -
Deposits N.A N.A N.A N.A 2364.72 10461.30 59.37 67.45 0.54 5.52 2424.63 10534.27
(6.11) (7639.98) (19.12) (36.93) (0.41) (0.75) (25.64) (7677.66)
Placement of N.A N.A N.A N.A 4298.21 4298.21 4298.21 4298.21
Deposits (00.00) (2428.94) (00.00) (2428.94)
Advances N.A N.A N.A N.A 36917.21 37815.72 0.00 0.00 0.00 0.00 36917.21 37815.72
N.A N.A N.A N.A (12770.62) (13752.76) (0.00) (0.46) (0.00) (0.00) (12770.62) (13753.22)
Investments in N.A N.A N.A N.A 9407.00 N.A 5.33 N.A -- -- 9412.33 N.A
share capital N.A N.A N.A N.A (7907.00) ((N.A) -- -- -- -- (7907.00) (N.A)
Investments in N.A N.A N.A N.A -- -- -- -- -- -- -- --
debentures N.A N.A N.A N.A (0.00) (0.00) -- -- -- -- -- --
Non funded N.A N.A N.A N.A
Commitments (0.00) (0.00) -- -- -- -- -- --
Leasing/ HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
availed
Leasing/ HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
provided
Purchase of -- -- -- -- -- -- -- -- -- -- -- --
fixed assets
Sale of Fixed
Assets -- -- -- -- -- -- -- -- -- -- -- --
Leasing/ HP
arrangements
availed -- -- -- -- -- -- -- -- -- -- -- --
Interest paid N.A N.A N.A N.A 106.73 N.A 1.99 NA 0.04 NA 107.60 N.A
N.A N.A N.A N.A (193.10) (N.A) (0.45) (NA) (0.02) (NA) (193.10) (N.A)
Interest N.A N.A N.A N.A 1670.13 N.A -- -- -- -- 1670.13 N.A
received N.A N.A N.A N.A (523.02) (NA) -- -- -- -- (523.02) (NA)
Receiving of
Services N.A N.A N.A N.A -- NA -- -- -- -- -- NA
Rendering of N.A N.A N.A N.A -- -- -- -- -- -- -- --
services (0.46) (NA) -- -- -- -- (0.46) (NA)
Management N.A N.A N.A N.A 25.00 N.A -- -- -- -- 25.00 N.A
contracts (25.00) (NA) -- -- -- -- (25.00) (NA)
Dividend N.A N.A N.A N.A 715.67 N.A -- -- -- -- 715.67 N.A
received (313.34) N.A -- -- -- -- (313.34) N.A
*As compiled and certified by the management.
(Figures in brackets relate to previous year)
**The transactions with the subsidiaries and certain associates have not been disclosed in view of para-9 of AS-18 'Related Party Disclosure', which exempts state controlled
enterprises from making any disclosures pertaining to their transactions with other related parties, which are also state controlled.
155
19. Accounting for Leases - AS 19
Financial Leases:
a. Original value of assets acquired on
financial lease and included in other fixed
assets (including furniture and fixture): `41.65 lakhs.
The amount of depreciation provided
upto 31.03.2012thereon: ` 34.60 lakhs.
The written down value as on 31.03.2012 ` 7.05 lakhs
b. Minimum Lease Payment due not later than one year:
Min. Lease Payment ` 5.49 lakhs
Present value of Min. Lease Payment ` 5.49 lakhs
Intt. Included in Min. Lease payment ` 1.56 lakhs
c. Minimum Lease Payment due later than one year but
not later than five years:
Min. Lease Payment ` 5.49 lakhs
Present value of Min. Lease Payment ` 5.49 lakhs
Interest included in Min. Lease payment ` 1.56 lakhs
d. Minimum Lease Payment due later than five years: NIL
e. Information on operating lease is not ascertained.
20. AS 20 - Earnings Per Share
Item 31.03.2012 31.03.2011
A EPS - Basic / Diluted (In `) 154.02 140.60
B Amount used as numerator Profit after tax
(` In '000) 48842044 44334953
C Nominal value of share `. 10/- each `. 10/- each
D Weighted average number of equity shares
used as the denominator 317107500 315319044
21. AS 22- Accounting for taxes on Income
The Bank has recognized deferred tax assets and liability as
per accounting policy no. 7. Major components of which are
set out below:
(Amount ` in Crore )
Particulars As on As on
31.03.2012 31.03.2011
Deferred Tax Assets
Provision for Leave encashment 444.81 400.50
Pension & Gratuity 0.10 0.00
Statutory Liability u/s 43B 1.29 1.41
Total 446.20 401.91
Deferred Tax Liabilities
Depreciation on fixed assets 28.12 28.88
Total 28.12 28.88
Deferred Tax Assets (Net) 418.08 373.03
The deferred tax assets ` .45.05 crores is credited to Profit and
Loss Account.
+v. ¤º¸ºr ¤ f¬q ¬=rr¤ª, ¬=rr nrª¤ -+v
f¤-at¤ ¤º¸º
+. l¤·-i¤ ¤º¸º ¤· ni ª: ~|lª-¤| +| n¸n n¸-¤ ~|· ~-¤
~-n ~|lª-¤| n =l-nln- :¤·-i-· ¤ l¤·+=-· =lt-|
` :¡.·· n|º|
-= ¤· l+( ª( n¸-¤r|= +i v|¤¬|- +i ·|lz| ª¡.ºª..º¡.
-+ ` ª:.·º n|º|
ª¡.ºª..º¡. +| ~¤lnlº|- n¸-¤ ` 7.05 n|º|
º|. (+ ¤·| = ~-l¬+ n -¤¸--n =<¤ ¤º¸º| ·|ª-|- ·
-¤¸--n ¤º¸º| ·|ª-|- ` 5.49 n|º|
-¤¸--n ¤º¸º| ·|ª-|- +| ¤-n|- n¸-¤ ` 5.49 n|º|
-¤¸--n ¤º¸º| ·|ª-|- n =l-nln- ·¤|¤ ` 1.56 n|º|
ª. (+ ¤·| = ~l¬+ l+-- · ¤·| = ~-l¬+ n =<¤ -¤¸--n
¤º¸º| ·|ª-|- ·
-¤¸--n ¤º¸º| ·|ª-|- ` 5.49 n|º|
-¤¸--n ¤º¸º| ·|ª-|- +| ¤-n|- n¸-¤ ` 5.49 n|º|
-¤¸--n ¤º¸º| ·|ª-|- n =l-nln- ·¤|¤ ` 1.56 n|º|
·|. -¤¸--n ¤º¸º| ·|ª-|- n =l-nln- ·¤|¤ z|¸-¤
÷. ¤l·-|n- ¤º¸º ¤· =¸--| +| l-¬|·º| -ti t~| t
zo. ¬=rr nrª¤ zo . ¤fa rr¤t =¬ª (;¤tq=¸
nª s+.os.zo+z s+.os.zo++
+ :¤i(=n¸n /--+-':` n| 154.02 140.60
º| +· + ¤z-|-¸ ªº|+ + ª¤ n -¤¤|ª +i
ª: ·|lz| :` t¤|· n| 48842044 44334953
ª. z|¤·| +| ~l+- n¸-¤ ` ¡º/vl- z|¤· ` ¡º/vl- z|¤·
·| n¸-¤¤ª + ª¤ n -¤¤|ª l+( ª(
:l+¤ºi z|¤·| +i ·||l·- ~| =- =º¤| 317107500 315319044
z+. ¬=rr nrª¤-zz . =r¤ ¤t ¤tr ¤ =¤¤ n ¬=rr¤ª
¤+ - nº|| -il- =º¤| + ~-=|· ~|ª·|lª- +· ~|lª-¤| -·||
<¤-|~| +i ¤t-|- +i t l¤=+ vnº| ·|º+ l---lnlº|- t ·
:·|lz| ` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
¤r ¤r
~|ª·|lª- +· ~|lª-¤|
¤º¸ºi -+<i+·º| + ln( v|¤¬|- 444.81 400.50
¤z|- ¤ -¤<|- 0.10 0.00
¬|·| :ª ¤i + ~--ª - =|l¤l¬+ <¤-| 1.29 1.41
¤| ÷ 446.20 401.91
~|ª·|lª- +· <¤-|(
~-n ~|lª-¤| ¤· n¸-¤t|= 28.12 28.88
¤| ÷ 28.12 28.88
~|ª·|lª- +· ~|lª-¤| :z|z| 418.08 373.03
` :·.º· +·|÷ +i ~|ª·|lª- +· ~|lª-¤| n|·| ¤ t|l- º||- n ¤n| +i
ª: t
156
22. AS 28 - Impairment of Assets
A substantial portion of the bank's assets comprise of 'financial
assets' to which Accounting Standard 28 'Impairment of Assets'
is not applicable. In the opinion of the bank, there is no
impairment of its assets (to which the standard applies) to
any material extent as at 31.03.2012 requiring recognition in
terms of the said standard.
23. AS-29 Provisions, Contingent Liabilities and Contingent
Assets
i) Movement of provisions for liabilities*
(`. in crore)
Particulars Salary arrears Legal cases/
under negotiation contingencies
Balance as at 1st April 2011 0.78 27.83
Provided during the period 0.83 5.65
Amounts used during the period 0.00 NIL
Reversed during the period 1.55 4.10
Balance as at 31.03.2012 0.06 29.38
Timing of outflow/uncertainties On actual Outflow on
payment. settlement /
crystallization.
* Excluding provisions for others
ii) Refer Schedule-12 on contingent liabilities
Such liabilities at S.No.(I), (II), (III), (IV), (V) & (VI) are
dependent upon the outcome of Court / arbitration / out of
court settlement, disposal of appeals, the amount being called
up, terms of contractual obligations, devolvement and raising
of demand by concerned parties, respectively. No
reimbursement is expected in such cases.
24. Break up of "Provisions and Contingencies" shown under the
head Expenditure in Profit and Loss Account is as follows
(`. in crore)
Item 31.03.2012 31.03.2011
Provisions for depreciation on investment (net) 235.09 147.45
Provision towards NPAs (net) 2403.10 2003.74
Floating provisions for NPAs (over and above RBI
provisioning norms) 0.00 0.00
Provision towards Standard Assets 509.67 259.20
Provision made towards Income Tax (including
FBT & Wealth Tax) 2152.84 2130.23
Other Provision and Contingencies: 429.39 81.58
Detail: 31.03.2012 / 31.03.2011
Standard Restructured 338.40 70.51
Sale to SC/RC 25.45 5.55
Written off & others 65.54 5.52
Total 5730.09 4622.20
zz. ¬=rr nrª¤ zs . =rfta¤r ¤t =¤=rnr-¤ar
¤+ +i ~|lª-¤| n ¤¤|-- ltª=| l¤·-i¤ ~|lª-¤|' +| t l¤-¤· nº||
n|-+ .º' ~|lª-¤| +i ~¤=|n|-¤-|' n|ª¸ -ti t ¤+ +i ·|¤ n
:- ~|lª-¤| :l¤-¤· n|-+ n|ª¸ t|-| t| +i -+- n|-+ +i z|- +
~¬i- ~¤l-|- ¤t-|- + ln¤ ª¡ n|- .º¡. +| l+=i nt·¤¤¸º|
=in| -+ ~¤=|n|-¤-| -ti t
zs. ¬=rr nrª¤ zv . ¤r¤¤rª, =r¤ftn¤ ª¤arq =rt =r¤ftn¤
=rfta¤r .
i) ª¤ar=r ¤ f¬q ¤r¤¤rªr n rrº-¤z*
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤aª =n=ra ¤t ¤rª¸ªt nrn¬.
¤ra¤ta ¤ =-ana =r¤ftn¤arq
¤aª ¤¤r¤r
¡ ~v n .º¡¡ +| z|·| 0.78 27.83
~¤l¬ + <| ·|- v|¤¬|- 0.83 5.65
~¤l¬ + <| ·|- v¤+- ·|lz|¤| 0.00 z|¸-¤
~¤l¬ + <| ·|- ¤nº| ª¤| 1.55 4.10
ª¡n|- .º¡. +| z|·| 0.06 29.38
¤lt¤| t/~l-z-¤ +| =n¤ ¤|ª-l¤+ ·|ª-|- =n¤|-|/
t|- ¤· ¤l·º|l- ¤·
¤lt¤|t
* ~-¤ + ln( v|¤¬|- +| ¤|÷+·
ii) =r¤ftn¤ ª¤ar=r ¤t =ª=¸¤t-+z ª=r .
+n =º¤| :I| :II| :III| :IV| :V| ¤ :VI| +i (=i <¤-|(
~<|n-i/¤-|º /~<|n-i =n¤|-| + l-·+·|| ~¤in| +i l-¤º|-
n|ªi ¤| ·ti ·|lz| =l¤<|ª- <|l¤·¤| +i z|-| =¤z ¤|lº¤| ,|·| +i
ª¤i n|ª| ¤· +nz|· ~|l>- t (= n|nn| n +|: vl-¤¸l- v·¤|lz|-
-ti t
z+. n|·| ¤ t|l- º||- n ·¤¤ z|i·| + ~--ª- <z||¤ ª¤'' v|¤¬||- ¤
~|+lªn+-|('' +| l¤¤·º| l---lnlº|- t·
:·|lz| ` +·|÷ n|
nª s+.os.zo+z s+.os.zo++
l-¤z|| ¤· n¸-¤t|= t- v|¤¬|- :z|z| 235.09 147.45
~-¤ + ~|lª-¤| + ln( v|¤¬|- :z|z| 2403.10 2003.74
~-¤ + ~|lª-¤| + ln( +n|lºª v|¤¬|- :·||·-i¤
l·¤¤ ¤ + + v|¤¬|- =¤¬i n|-<º÷| + ~n|¤|| 0.00 0.00
n|-+ ~|lª-¤| + ln( v|¤¬|- 509.67 259.20
~|¤+· + ln( v|¤¬|-¤·¤iºi ~| ·
¬-+· =lt-|2152.84 2130.23
~-¤ v|¤¬|- ~| · ~|+lªn+-|(· 429.39 81.58
l¤¤·º| ª¡.ºª..º¡. / ª¡.ºª..º¡¡
n|-+ ¤-·=·l-- 338.40 70.51
(==i/ ~|·=i +| l¤+i 25.45 5.55
¤º¸º º||- ÷|n ª¤ ~|· ~-¤ 65.54 5.52
¬rz 5730.09 4622.20
157
25. Break-up of Floating Provisions is as follows
(`. in crore)
Particulars 31.03.2012 31.03.2011
Opening balance as on 01.04.2011/01.04.2010 1075.36 1075.36
Quantum of floating provisions made during the year NIL NIL
Purpose and amount of draw down made during
the year NIL NIL
Closing balance as on 31.03.2012/31.03.2011 1075.36 1075.36
26. Draw Down from Reserves:
(`. in lacs)
Sr. Reserves Amount Purpose
No. drawn
1. Other reserves 0.25 Payment made during the year for Blocked
Account of Inter Branch Credit entries
pertaining to the period up to 31.03.1999.
2. Revaluation 2123.01 Depreciation on revalued portion of
reserves property.
27. Disclosure of complaints and unimplemented awards of
banking Ombudsman #
a. Customer Complaints
(a) No. of complaints pending at the beginning of the year 336
(b) No. of complaints received during the year 52934
(c) No. of complaints redressed during the year 52969
(d) No. of complaints pending at the end of March 2012 301
b Awards passed by the Banking Ombudsman
(a) No. of unimplemented Awards at the beginning of the year 1
(b) No. of Awards passed by the banking Ombudsman during the year 6
(c) No. of Awards implemented during the year 7
(d) No. of unimplemented Awards at the end of March 2012 0
28. The Bank has issued a Letter of Comfort in respect of its
subsidiary Punjab National Bank (International) Ltd. in UK, to
Financial Services Authority (FSA), the regulator in United
Kingdom, committing that the bank shall provide financial
support to Punjab National Bank (International) Ltd., UK so
that it meets its financial commitments if they fall due.
However, no financial obligation has arisen as on 31st March
2012.
29. Disclosure in respect of Bancassurance Business undertaken
by the bank:
(Amount ` in Crore )
Particulars 31.03.2012 31.03.2011
Details of fees/remuneration received in respect of
Bancassurance Business undertaken by the bank
during the year ended 31.03.2012/31.03.2011
(i) Life Insurance Business: 21.21 6.77
(ii) Non-life Insurance Business: 12.06 6.43
TOTAL 33.27 13.20
zs. ¤¬rfºn ¤r¤¤rªr ¤r f¤¤t¢r fªrªf¬f=ra r.
:·|lz| ` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
º¡.º:..º¡¡/ º¡.º:..º¡º +| v|·l-·|+ z|·| 1075.36 1075.36
¤·| + <| ·|- l+( ª( +n|lºª v|¤¬|-| +i ·|lz| z|¸-¤ z|¸-¤
¤·| + <| ·|- ~|t·º| ,|·| +i ª: +ni :÷| ÷|--|
+i ·|lz| ~|· -ªz¤ z|¸-¤ z|¸-¤
ª¡.ºª..º¡./ª¡.ºª..º¡¡ +| :l-z|·| 1075.36 1075.36
ze. ¤rtf+ra fªf¤ = trfrr fª¤r¬ªr.
:·|lz| ` +·|÷ n|
a. ¤rtf+ra fªf¤ fª¤r¬t n; szr¤
= . trfrr
1. ~-¤ v|·l-|- l-l¬¤| 0.25 ª¡.ºª.¡ººº -+ +i ~¤l¬ + ln( ~ -·
z||º|| +l÷º + ~¤ª¬< º||- + ln( ¤·|
+ <| ·|- l+¤| ª¤| ·|ª-|-
2. ¤-n¸-¤- v|·l-|- 2123.01 =¤l·- + ¤-n¸-¤- ¤|n ·||ª
¤· n¸-¤r|=
zz. frr¤r¤ar =rt ¤f¤n ¬r¤¤r¬ ¤ =f¤fª¢r¤r ¤r fa¤rf-¤a ª
¤tª ¤ =r¤-¤ n ¤¤ºt¤t¢r . #
+. ª|t+ lz|+|¤-
:+| ¤·| + ~|·-·| n nl-¤- lz|+|¤-| +i =º¤| 336
:º|| ¤·| + <|·|- v|-- lz|+|¤-| +i =º¤| 52934
:ª| ¤·| + <| ·|- l-¤º|: ª: lz|+|¤-| +i =º¤| 52969
:·|| n|- .º¡. + ~- n nl-¤- lz|+|¤-| +i =º¤| 301
=r ¤f¤n ¬r¤¤r¬ çrtr fªq nq =f¤fª¢r¤
:+| ¤·| + ~|·-·| n n|ª¸ - l+( ª( ~l¬l-º| ¤| +i =º¤| 1
(º|| ¤·| + <|·|- ¤l+ª n|+¤|n ,|·| ¤|l·- ~l¬l-º|¤| +i =º¤| 6
:ª| ¤·| + <| ·|- n|ª¸ l+( ª( ~l¬l-º| ¤| +i =º¤| 7
:·|| n|- .º¡. + ~- n n|ª¸ - l+( ª( ~l¬l-º|¤| +i =º¤| 0
zs. ¤+ - ¤¸-|:º÷ l+ª÷n n l-¤·|+ ¤·|:-lz|¤n =l¤l=¤ ~·||l·ºi
¤·(=(| +| ¤¸ .+ . lª·|- ~¤-i ~- ·| ªi ¤ ¤|¤ - z|-n ¤ +
::-º·-z|-n| lnlnº÷ + =-¤-¬ n (+ -+|-i ~|z¤|=- ¤·| ¤|·i
l+¤| t l¤=n := ¤|- +| ~|z¤|=- l<¤| ª¤| t l+ ¤l< ¤¤|¤
-z|-n ¤+ ::-º·-z|-n| lnlnº÷ ¤¸ +. ~¤-i l¤·-i¤ vl-¤z-|(
¤¸·i - +· ¤|¤| -| ¤+ -= l¤·-i¤ =t|¤-| v<|- +·ª| ¤t·t|n
ª¡ n|- .º¡. +i lª·|l- + ~-=|· (=i l+=i l¤·-i¤ vl-¤z-| +i
lª·|l- -ti -·|·i t
zv. ¤¤ çrtr ¤rtr+r f¤q nq ¤¤ qr¤rt= ¤rtr¤rt ¤ =r¤-¤ n
¤¤ºt¤t¢r
:·|lz| ` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
º¡.º:.º¡./ª¡.ºª..º¡¡ + ¤i- ¤ + (z¤|·=
+|·|¤|· + =-¤-¬ n z|-+/¤|l·>ln+ +
ª¤ v|-- ·|lz| +| l¤¤·º|
(i) ¤i¤- ¤in| +|·|¤|· 21.21 6.77
(ii) ª · ¤i¤- ¤in| +|·|¤|· 12.06 6.43
¬rz 33.27 13.20
158
30. Concentration of Deposits, Advances, Exposures and
NPAs:
(a) Concentration of Deposits:
(Amount ` in Crore )
31.03.2012 31.03.2011
Total Deposits of twenty largest depositors 30062.00 15423.76
Percentage of Deposits of twenty largest depositors
to Total Deposits of the bank 7.92% 4.93%
(b) Concentration of Advances:
(Amount ` in Crore )
31.03.2012 31.03.2011
Total Advances of twenty largest borrowers 46871.58 44887.26
Percentage of Advances of twenty largest borrowers
to Total Advances of the bank 15.73% 18.45%
(c) Concentration of Exposures:
(Amount ` in Crore )
31.03.2012 31.03.2011
Total Exposures of twenty largest borrowers/customers 48640.09 45826.84
Percentage of Exposures to twenty largest
borrowers/customers to Total Exposures of the
bank on borrowers/customers 15.14% 17.65%
(d) Concentration of NPAs:
(Amount ` in Crore )
31.03.2012 31.03.2011
Total Exposure to top four NPA accounts 1359.18 751.87
II. Sector-wise NPAs:
S. Sector Percentage of Percentage of
No. NPAs to NPAs to
Total Advances Total Advances
in that sector in that sector
31.03.2012 31.03.2011
1. Agriculture & allied activities 5.03 3.62%
2. Industry (Micro & small, Medium and Large) 2.86 1.70%
3. Services 3.46 1.44%
4. Personal Loans 2.54 1.90%
III. Movement of NPAs:
(Amount ` in Crore )
Particulars 31.03.2012 31.03.2011
Gross NPAs as on01st April (opening balance) 4379.39 3214.41
Additions (Fresh NPAs) during the year 6671.64 4336.70
Sub-total (A) 11051.03 7551.11
Less:
(i) Upgradations 529.69 409.96
(ii) Recoveries (excluding recoveries made from
upgraded accounts) 1675.43 1170.01
(iii) Write-offs 126.29 1591.75
Sub-total (B) 2331.41 3171.72
Gross NPAs as on31st March (closing balance) (A-B) 8719.62 4379.39
so. ¬nr trfrr¤r , =fn nr , =¢r ¬r f=rnr =r t =ª¬ ¤ =rfta¤r ¤r
¤ -)t¤t¢r.
:+| ¤n| ·|lz|¤| +| +-:i+·º|
:·|lz| ` +·|÷ n|
31.03.2012 31.03.2011
.º =¤= ¤÷ ¤n|+-| ~| +i +n ¤n| ·|lz| 30062.00 15423.76
¤ + +i +n ¤n| ·|lz| +i -n-| n .º =¤= ¤÷
¤n|+-| ~| +i ¤n| ·|lz| +| ¤ l-z|- 7.92% 4.93%
:º|| ~lªn| +| +-:i+·º|
:·|lz| ` +·|÷ n|
31.03.2012 31.03.2011
.º =¤= ¤÷ +lº|¤| + +n ~lª n 46871.58 44887.26
¤+ + +n ~lªn| +i -n-| n .º =¤= ¤÷
+lº|¤| + ~lªn| +| ¤l-z|- 15.73% 18.45%
:ª| +º|| +| +-:i+·º|
:·|lz| ` +·|÷ n|
31.03.2012 31.03.2011
.º =¤= ¤÷ +lº|¤|/ª |t+| +| l<¤| ª¤| +n +º| 48640.09 45826.84
¤ + + +n +º| +i -n-| n .º =¤= ¤÷
+lº|¤|/ª |t+| +| v<·- +º| +| ¤ l-z|- 15.14% 17.65%
:·|| ~-¤+ ~|lª-¤| +| +-:i+·º|
:·|lz| ` +·|÷ n|
31.03.2012 31.03.2011
: =¤| -- ~-¤ + ~|lª- º||-| n +n +º| 1359.18 751.87
II. +r·r¤rt =ª¬¤ =rfta¤r
a. +r·r s= +r·r n ¤¬ s= +r·r n ¤¬
=. =fnnr ¤t a¬ªr =fnnr ¤t a¬ªr
n =ª¬¤ =rfta¤r n =ª¬¤ =rfta¤r
¤r ¤farra ¤r ¤farra
31.03.2012 31.03.2011
¡. +l·| (¤ =t|¤+ ªl-l¤l¬¤| 5.03 3.62%
.. -¤|ª :·¤l·º (¤ n·| n¬¤n ~|· ¤÷| 2.86 1.70%
ª. =¤|( 3.46 1.44%
:. ·¤l+-ª- +º| 2.54 1.90%
III. =ª¬¤ =rfta¤r n rrº-¤z
:·|lz| ` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
º¡ ~v n +| =+n ~-¤ + ~|lª-¤| :v|·l-·|+ z|·|| 4379.39 3214.41
¤·| + <| ·|- ¤lz :-¤i ~-¤ + ~|lª-¤|| 6671.64 4336.70
-¤ ¤|÷ :~| 7551.11
·|º|( ·
(i) <¤| ¤·| 529.69 409.96
(ii) ¤=¸ni :l¤- º||-| +| <¤| ¤·| --n t:
¤=¸ni +| ¤|÷+·| 1675.43 1170.01
(iii) ¤º¸º º||- ÷|n ª( :~| 126.29 1591.75
-¤ ¤|÷ :~|| 2331.41 3171.72
ª¡ n|- +| =+n ~-¤+ ~|lª-¤| :~l--n z|·|| :~~|| 8719.62 4379.39
159
IV. Overseas Assets, NPAs and Revenue:
(Amount ` in Crore )
Particulars 31.03.2012 31.03.2011
Total Assets 27574.46 16673.62
Total NPAs 29.75 8.15
Total Revenue 1455.66 965.72
V. Off-balance sheet SPVs sponsored (which are required to
be consolidated as per accounting norms)
Name of the SPV sponsored
Domestic Overseas
NIL NIL
31. Reward Points of Credit Card:
PNB Global Credit Cardholders are rewarded as and when
they make purchase through usage of Credit Card. Reward
Points are generated at the time of usage of Credit Card by
Cardholder at Merchant Establishment. Card holder can
redeem the accumulated reward points. The amount payable
on account of reward points is charged to Profit and Loss
account and credited to Sundry Provision Account on daily
basis because such amount is quantifiable.
Position of outstanding reward points and provision thereon
are as under:
As on As on
31.03.2012 31.03.2011
Balance Reward Points outstanding 50359851 28707118
Provision held for these points (Amount `. in Lacs) 251.80 143.54
32. Disclosure on bouncing of SGL forms in terms of RBI circular
NO. IDMD.DOD.15/11.01.01(B)/2010-11 dated 14th July
2010:
Particulars Amount
NIL NIL
33. Other Notes
a As per RBI guidelines, the Bank has worked out the
amount of inter Branch Credit entries outstanding for
more than 5 years, pertaining to the period up to
31.03.2007, to be transferred to a Blocked Account.
Accordingly, a sum of `.85.92 crores (net of adjustments
since carried out) has been included under "Other
Liabilities-others" in schedule-5.
Claims of `. 0.327 lac has been received during the year
2011-12 against Inter Branch Credit entries Blocked and
transferred to General Reserve, has been met by transfer
from General Reserve `.0.23 lac and to debit of Profit
and Loss Account `. 0.81 lac.
b. Premises include properties amounting to `. 10.86 crores
(Net of Depreciation) (previous year `.10.98 crores)
IV. f¤ªrr ftºra =rfta¤r, =ª¬¤ =rfta¤r =rt tr¬t¤
:·|lz| `+·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
+n ~|lª-¤| 27574.46 16673.62
+n ~-¤ + ~|lª-¤| 29.75 8.15
+ n ·|¤ª¤ 1455.66 965.72
V. a¬ª¤·r ¤ =¬r¤r ¤r¤rf¬a f¤rrrr ¤¤r¬ª nrª¤n (f¬ª¤r
¬=rr¤ª nrªª¢zr ¤ =ª=rt =n¤ª =¤f+ra r¸
¤r¤rf¬a f¤rrrr ¤¤r¬ª nrª¤n ¤r ªrn
ªrr n f¤ªrr ftºra
z|¸ -¤ z|¸ -¤
s+. afzº ¤rz ¤rt¤r ¤r ¤tt¤rt =¤
¤¤ +·|i ¤i(-¤i ·n|¤n +l÷º+|÷¬|·+ ~¤- +l÷º +|÷ +| v¤|ª
+·+ º|·i<<|·i +·- t -| --t ¤·ª+|· + ~+ v<|- l+( ¤|- t ¤
~+ --t -¤ lnn- t ¤¤ ¤ l+=i ·¤|¤|l·+ =ª·||- ¤· +l÷º+|÷ +|
v¤|ª +·- t +|÷¬|·+ :- ~+| +| (+·| +· =+-| t ¤·ª+|·
~+| + +|·º| <¤ ·|lz| +| n|·| ¤ t|l- º||- n v·||l·- l+¤| ¤|-| t
~|· <l-+ ~|¬|· ¤· l¤l¤¬ v|¤¬|- º||- n +l÷º l+¤| ¤|-| t +¤|l+
¤t ·|lz| ¤l·n|º|¤|·¤ t|-i t
¤+|¤| ¤·ª+|· ~+| -·|| --+ =¤¬ n l+( ª( v|¤¬|- +i lª·|l-
l---lnlº|- t·
s+.os.zo+z s+.os.zo++
¤r ¤r
¤+|¤| z|·| ¤·ª+|· ~+ 50359851 28707118
:- ~+| + ln( l+¤| ª¤| v|¤¬|- :` n|º| n| 251.80 143.54
32. ·||·-i¤ l·¤¤ ¤+ + ¡: ¤n|: .º¡º + ¤l·¤·| =º¤| ~|:÷i(n÷i.
÷i~|÷i.¡·/¡¡.º¡.º¡. :¤i| .º¡º¡¡ + ~-=|· (= ¤i (n ¤·|n|
+ -+|· ¤|- =-¤-¬i v+ºi+·º| :
l¤¤·º| ·|lz|
z|¸ -¤ z|¸ -¤
ss. =-¤ fºt¤f¢r¤r
+. ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| + ~-=|· ¤+ - ª¡.ºª..ºº
-+ +i · ¤·| = ~l¬+ +i ¤+|¤| ~-·z||º|| +l÷º vl¤l·º¤|
+i ·|lz| +| ~¤ªz º||- n ~-l·- +·- + ln( +|¤ l+¤|
t -<-=|· ` º·.º. +·|÷ +i ·|lz| :l+( ª( =n|¤|¤- +
¤|< +i z|z ·|lz|| +| ~-=¸-i · n ''~-¤ <¤-|( ~-¤''
z|i·| + ~--ª- ~nª = <z||¤| ª¤| t
¤·| .º¡¡¡. + <|·|- ~-· z||º|| ~¤ªz ¤n| vl¤l·º¤| -·||
=|n|-¤ v|·l-|- l-l¬¤| +| ~-l·- ` º.ª. n|º| + =-¤-¬ n
v|-- t( ` º..ª n|º| +i ·|lz| =|n|-¤ v|·l-|- l-l¬¤| =
~-l·- +i ª: -·|| z|·| ª¤¤ º.º¡ n|º| +i ·|lz| n|·| ¤ t|l-
º||- +| ÷l¤º +i ª¤i
º|. ª¤¤ ¡º.º· +·|÷ :n¸-¤r|= ·|º|+·| :l¤¤n ¤·| `¡º.ºº
+·|÷| :n|ª- ¡·.º¡ +·|÷| :l¤¤n ¤·| ¡·.ºº +·|÷| +i
160
{Cost ` 16.01 crores} (previous year `. 15.89 crores)
are awaiting registration of title deeds. Premises include
capital work in progress of `. 113.76 crores (previous
year `.86.09 crores).
c. No provision is considered necessary in respect of
disputed Income Tax and Fringe Benefit Tax demands of
`.1160.87 crores (previous year `. 881.43 crore) as in
the bank's view, duly supported by expert opinion and/
or decision in bank's own appeals on same issues,
additions / disallowances made are not sustainable.
Against these disputed demands, `. 1160.87 crores
(previous year `.881.43 crores) has been paid.
d. During the year the bank has allotted 1,58,40,607 equity
shares of `. 10/- each to LIC of India and 65,25,919 to
Govt of India at a premium of ` 993.69 per share as
determined by the Board in terms of the Chapter VII of
the SEBI Regulations, 2009, as amended from time to
time (the "SEBI ICDR Regulations") on preferential basis.
The total amount received by the bank on this account
is `.2244.91crores which includes `.22.37crores as equity
capital and `.2222.54 crores as premium. Consequently
the Government holding is now 56.10% as compared
to 58% before preferential allotment.
e. Other Reserves- Additions during the year:
Additions in other reserves include Rs.60crores pertaining
to write back of provision created earlier in the year 2008
on the basis of present value towards agriculture debt
waiver relief reversed to General Reserves as per RBI
Guidelines.
f. The Board of Directors has recommended dividend of
`.22 per equity share of `. 10 each (of the paid up capital
of the bank), subject to approval by members.
32. Figures of the previous year have been regrouped /
rearranged/ reclassified wherever necessary.
·|lz| +i =-¤l·- =n- ¤l·=·| + ln( º|:ºn ÷i÷ +| ¤¤i+·º|
l+( ¤|- +i v-i-|| t ¤l·=·| n ` ¡¡ª.· +·|÷ :l¤¤n
¤·| ` º·.ºº +·|÷| +| ¤¸¤iª- vªl- +|¤ =l-nln- t
ª. ` ¡¡·º.º +·|÷ :l¤¤n ¤·| ` ºº¡.:ª +·|÷ | +i l¤¤|l<-
~|¤+· n|ª -·|| ~-·|ªi n|·| +· n|ª| t- +|: v|¤¬|- +·-|
~|¤z¤+ -ti =n¤| ª¤| +¤|l+ ¤+ +i ·|¤ n -·|| l-¬|·º|
~l¬+|·i ,|·| l+( ª( ¤l·¤¬- / -|n¤¸l·¤| ¤¬ -ti t -·||
:= ¤· l¤z|·|a| +i ·|¤ (¤ ¤+ +i ~¤in| ¤· t( l-º|¤|
+| ·|i ~-=n·|- t :- l¤¤|l<- n|ª| + =<·| n `¡¡·º.º
+·|÷ :l¤¤n ¤·| ` ºº¡.:ª +·|÷| +| ·|ª-|- l+¤| ª¤|
·|. ¤+ - ¤·| + <|·|- =¤i l¤l-¤n .ººº =n¤=n¤ ¤· ¤·||
= z|| l¬- := ¤i ~|: =i÷i~|· l¤l-¤n- + ~·¤|¤ VII +i
z|-|-=|· n÷n ,|·| ¤·|| l-¬|l·- ` ¡º/ vl- z|¤· + ~l+-
n¸-¤ ¤|n ~l¬n|-¤-· ~|¬|· ¤· ` ººª.·º vl- z|¤· +
viln¤n ¤· ¡·º:º·º :l+¤ºi z|¤· ·||·-i¤ ¤i¤- ¤in|
l-ªn +| -·|| ··.·º¡º :l+¤ºi z|¤· ·||·- =·+|· +|
~|¤lº- l+( t ¤l·º||nª¤ª¤ ¤+ +| ` ..::.º¡ +·|÷ v|--
t( l¤=n ` ...ª +·|÷ :l+¤ºi ¤¸¤i ~|· ` .....·: +·|÷
viln¤n + ª¤ n t ¤·nª¤ª¤ ~l¬n|-¤ ~|¤º- = ¤¸¤
=·+|· +i z|¤·¬|l·-| ·º.ºº vl-z|- +i -n-| n ~¤ ··.¡º
vl-z|- t
÷. ~-¤ v|·l-|- ¤·| + <|·|- ¤lz ·
~-¤ v|·l-|- l-l¬¤| +i ¤lz n ` ·º +·|÷ z||lnn t ¤|
·||·-i¤ l·¤¤ ¤+ + l-<z||-=|· +l·| +º| =n|l-- =t|¤-| +
vl- ¤·| .ººº n ¤tn =l¤- l+( ª( v|¤¬|- + ¤-n|- n¸-¤
+ ~|¬|· ¤· =|n|-¤ v|·l-|- l-l¬¤| n vl-nº|- = =¤l¬- t
-. l-<z|+ nº÷n - ` ¡º/ + v·¤+ :l+¤ºi z|¤· ¤· ` ../
+| n|·|| z| ·|| l·|- l+¤| t ¤z|- l+ =<ª¤| ,|·| -=+|
~-n|<- +· l<¤| ¤|¤ :¤+ +i -+-| ¤¸¤i +| ..º vl-z|-|
ª.. ¤t| +ti ~|¤z¤+ =n¤| ª¤| t ª- ¤·| + ~| +÷ | +|
¤-·=n¸t-/¤-·¤¤ª·||/¤-¤ªi+·º| +· ln¤| ª¤| t
161
s+ nr¤, zo+z ¤r =nrta ¤rr ¤ a¬ª-¤·r ¤ =rºr =¬ªª ª¤ªt ¤¤rr f¤¤t¢r-¤·r
Cash Flow Statement Annexed to the Balance Sheet for the year ended 31st March, 2012
(ª¤¤ ` '000) (ª¤¤ ` '000)
2011-12 2010-11
+ =¤¬ zo++ = s+ nr¤ zo+z a¤ ¤t =¤f¤ ¤ f¬q
For the period from 1st April 2011 to 31st March 2012
= ¤ft¤r¬ª ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
A. Cash Flow from Operating Activities
(I) ¤t ¤ ¤r¤ra¸ rrq ¬r+r
Net Profit after Tax 48,842,044 44,334,953
¤|l÷( · +· + ln( ¤ |¤¬|- :~|ª·|lª- +· +| ¤|÷+·|
Add : Provision for Tax (net of deferred tax) 21,528,377 21,302,252
¤tr = ¤¸¤ ¬r+r
Profit before taxes ( i ) 70,370,421 65,637,205
(ii) fªrªf¬f=ra ¤ f¬q =nr¤r¬ª .
Adjustment for :
n¸-¤r|= ¤ ·||· :=+n|
Depreciation Charges (Gross) 3,134,902 2,770,781
·|º|( · ¤-n¸-¤|+- ¤|·l-|- l-l¬ = ~|tl·- ·|lz|
Less : Amount drawn from Revaluation Reserve -212,301 -212,301
~-¤+ ~|lª-¤| + ln( ¤|¤¬|- ~-¤+ ~|lª-¤| -·|| ¤º¸º º||- ÷|n ª(
~z||·¤ +º|| + ¤l- +n|lºª ¤|¤¬|-
Provision for NPAs, Floating Provision towards NPAs & Bad Debts Write Off 23,977,073 20,037,527
n|-+ ~|lª-¤| n ¤-·=·l-- ~|lª-¤| + ln( ¤ |¤¬|-
Provision on Standard Assets & Standard Restructured Accounts 8,480,650 3,297,050
~-¤ ¤ |¤¬|- :z|z|
Other Provisions (net) 923,482 -140,226
l-¤z|| :z|z| ¤· n¸-¤r|¤/:l-n|--| ¤º¸º º||- ÷|n-| ¤|¤¬|-
Depreciation/ (Release), Write off, Provision on Investments (net) 2,391,278 1,719,652
~-·|ªi/~-¤ = n|·||z| :l-¤z| +|¤ +n|¤| :z|z|
Dividend from Subsidiary / Others (Investing Activity) -261,147 -263,422
¤|º÷| = ·¤|¤ :l¤-|i¤- +|¤ +n|¤|
Interest on Bonds (Financing Activity) 9,944,703 9,871,564
~-n ~|lª-¤| +i l¤+i = n|·|/t|l- :z|z|
Profit / Loss on sale of Fixed Assets ( net ) -42,495 -30,519
( ii ) 48,336,145 37,050,106
¤ft¤r¬ª =rfta¤r ¤ ª¤ar=r n ¤ft¤aªr = ¤¸¤ ¤ft¤r¬ª ¬r+r
Operating Profit before Changes in Operating Assets and Liabilities ( i+ii) 118,706,566 102,687,311
(iii) ¤ft¤r¬ª =rfta=r ¤ ª¤ar=r n rrq ¤ft¤aª ¤ f¬q =nr¤r¬ª
Adjustment for net change in Operating Assets and Liabilities
l-¤z|| n +ni / :¤lz|
Decrease / (Increase) in Investments -274,882,345 -172,115,117
~lªn| n +ni / :¤lz|
Decrease / (Increase) in Advances -540,711,883 -575,092,108
~-¤ ~|lª-¤| n +ni / :¤lz|
Decrease / (Increase) in Other Assets -13,677,292 -26,357,406
¤n|·|lz|¤| n ¤lz / :+ni|
Increase / (Decrease) in Deposits 666,897,526 635,689,236
-¬|·| n ¤lz / :+ni|
Increase / (Decrease) in Borrowings 56,745,800 118,273,245
~-¤ <¤-|~| ¤ ¤|¤¬|-| n ¤lz / :+ni|
Increase / (Decrease) in Other Liabilities & Provisions 2,664,192 12,016,657
( iii ) -102,964,002 -7,585,493
162
¤ft¤r¬ªr = s-¤-ª ª¤ªt
Cash generated from Operations ( i+ii+iii) 15,742,564 95,101,818
¤ <-| +· :¤|¤=i +| ¤|÷+·|
Tax Paid (net of refund) -23,854,735 -14,645,153
¤ft¤r¬ª ¤r¤¤¬r¤r = rrq ª¤ªt
Net Cash from Operating Activities (= A ) -8,112,171 80,456,665
=r. fª¤rr ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
B. Cash Flow from Investing Activities
~-n ~|lª-¤| +i º|·i< :l¤+i +| ¤|÷+·|
Purchase of Fixed Assets (net of Sales) -3,725,057 -8,661,533
~-·|lª¤|/=¤+- -¤n|/-|.ª|. ¤+| = ¤|-- n|·||z|
Dividend recd from Subsidiaries / JV / RRBs 261,147 263,422
~-·|lª¤|/=¤+- -¤n|/-|.ª|. ¤+| n l-¤z|
Investment in Subsidaries / JV / RRBs -1,459,499 -2,438,475
fª¤rr ¤r¤¤¬r¤r n ¤¤¤a rrq ª¤ªt
Net Cash used in investing Activities (=r B ) -4,923,409 -10,836,586
n. f¤-rt¤ª ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
C. Cash Flow from Financing Activities
z|¤· ¤¸¤i :¤ iln¤n =lt-|
Share Capital (incl. Premium) 22,449,056 1,840,001
¤|·i / ¤·º| ·i< ¤|º÷ :ºi¤· ¤ ºi¤·|
Bonds (Tier I & Tier II) Issued/Redemption 0 5,000,000
¤|º÷| ¤· ¤<-| ·¤|¤
Interest paid on Bonds -9,944,703 -9,871,564
n|·||z| +| ·|ª-|- / n|·||z| ¤· l-ªln- +·
Payments of Dividends / Corporate tax on Dividend -8,100,554 -4,412,043
f¤-rt¤ª ¤r¤¤¬r¤r = rrq ª¤ªt
Net Cash from Financing Activities (n C ) 4,403,799 (7,443,606)
rr. ª¤ªt aºrr ª¤ªt ar¤r n rrq ¤ft¤aª
D Net Change in Cash and Cash Equivalents ( ¤+=r+n A+B+C ) (8,631,781) 62,176,473
¤rr ¤ =rtr+r n ª¤ªt aºrr ª¤ªt ar¤
Cash and Cash Equivalents at the beginning of the year
-+<i ~| · ·||·-i¤ l·”|¤ ¤ + + ¤|= z|·|
Cash and Balances with Reserve Bank of India 237,768,960 183,275,755
¤+| + ¤|= z|·| ~|· n|ª ¤ ~-¤ =¸--| ¤· ¤|-¤ ¬-
Balances with Banks & Money at Call & Short Notice 59,143,156 296,912,116 51,459,888 234,735,643
¤rr ¤ =a n ª¤ªt aºrr ª¤ªt ar¤
Cash and Cash Equivalents at the end of the year
-+<i ~| · ·||·-i¤ l·”|¤ ¤ + + ¤|= z|·|
Cash and Balances with Reserve Bank of India 184,928,960 237,768,960
¤+| + ¤|= z|·| ~|· n|ª ¤ ~-¤ =¸--| ¤· ¤|-¤ ¬-
Balances with Banks & Money at Call & Short Notice 103,351,375 288,280,335 59,143,156 296,912,116
(8,631,781) 62,176,473
fºt¤¢rt.Notes :-
1 ¤ <-| ¤ ·¤-| +·| :¤|¤=i +| ¤|÷+·| +| ¤l·-|n- +|¤ +n|¤| = -<¸·|¸- n|-| ª¤| t -·|| :-t l-¤z| -·|| l¤-|i¤- +|¤ +n|¤| + n·¤ l¤·|+- -ti l+¤| ª¤| t
Direct taxes paid (net of refund) are treated as arising from operating activities and are not bifurcated between investing and financing activities.
2 ·|º| n l<( ª( =·|i ~|+÷ ''-+<i ¤|n'' <z|| - t
All figures in minus represents "Cash Out Flow"
¤¸¤ ¤·a =/From pre page
163
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--|
nº¤ ¤¤¬+ -¤ nt|¤¤¬+ nt|¤¤¬+
M NANDAKUMAR R R VOORE V K KHANNA
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER
-·|| ~--=¸¤n-¤n ·|+z| =ai
+|¤ ¤|n+ l-<z|+ +|¤ ¤|n+ l-<z|+
USHA ANANTHASUBRAMANIAN RAKESH SETHI
EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR
+ ~|· +|n-
~·¤-| (¤ ¤¤-¬ l-<z|+
K R KAMATH
CHAIRMAN & MANAGING DIRECTOR
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤ª¤|= (÷ ¤|a+ +- ~ln- · (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co.
Chartered Accountants Chartered Accountants Chartered Accountants
¤<i¤ ¤n| ( -º¤i=|¤<|· ¤|=<¤ ¤-¤i
:=|¤<|·| :=|¤<|·| :=|¤<|·|
=<ª¤ = º¤| 088393, (¤·~|·(- 000386(- =<ª¤ = º¤| 061551, (¤·~|·(- 301138: =<ª¤ =º¤| 070468, (¤·~|·(- 000483=i
(Pradeep Verma) (A Chatterjee) (Basudeb Banerjee)
Partner Partner Partner
M No.088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C
+- =|·<| (÷ ¤|·i+ +- ¤|·+· (÷ n¤n<|· +- ¤i (= n|¬¤ ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants
l-·¤- ¤|z|i ¤i (n ~ª¤|n ¤i n|lº|+¤ ¤=|<
:=|¤<|·| :=|¤<|·| :=|¤<|·|
=<ª¤ = º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ = º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ = º¤| 020105, (¤·~|·(- 001907(=
(Niranjan Joshi) (B M Agarwal) (G Manikya Prasad)
Partner Partner Partner
M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place: ª; fªr¬t.New Delhi
rnrtt =r¬ ¤t ft¤rº ¤ =ª=rt.As per our Report of even date
164
AUDITORS' REPORT
To
The President of India
1. We have audited the attached Balance Sheet of Punjab
National bank as at 31st March, 2012, the Profit and Loss
Account and Cash Flow Statement annexed thereto for the
year ended on that date, in which are incorporated the returns
of (i) 20 branches, 23 ZAOs/ZTCs/RSCs/CSC and controlling
offices audited by us (ii) 3894 branches (including 4 foreign
branches and 1 Offshore Banking Unit and 14 other offices)
audited by other auditors and (iii) 1901 branches not subjected
to audit. These unaudited branches account for 1.80% of
advances, 7.72% of deposits, 1.54% of interest income and
6.54% of interest expenses. The branches selected by the
Bank for audit are in accordance with the guidelines issued by
the Reserve Bank of India.
2. These financial statements are the responsibility of the Bank's
management. Our responsibility is to express an opinion on
these financial statements based on our audit.
3. We conducted our audit in accordance with the auditing
standards generally accepted in India. Those standards require
that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of
material misstatements. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing
the accounting principles used and significant estimates made
by the management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
4. The Balance Sheet and Profit and Loss Account have been
drawn up in forms A and B respectively of the Third Schedule
to the Banking Regulation Act, 1949.
5. Emphasis of Matter:
Without qualifying our opinion, we draw attention to Note
No. 16 in Schedule 18 to the financial statements, which
describes deferment of pension and gratuity liability of the
bank to the extent of Rs.1994.19 crores pursuant to the
exemption granted by the Reserve Bank of India to the public
sector banks from application of the provisions of Accounting
Standard (AS) 15, Employee Benefits vide its circular no.
DBOD.BP.BC/80/21.04.018/2010-11 on Re-opening of
Pension Option to Employees of Public Sector Banks and
Enhancement in Gratuity Limits - Prudential Regulatory
Treatment.
6. Subject to the limitations of the audit as indicated in paragraph
1 above and as required by the Banking companies
("Acquisition and Transfer of Undertakings) Act,1970 and also
subject to the limitations of disclosure required therein, we
report that:
a) In our opinion and to the best of our information and
according to the explanations given to us and as shown
by the books of the Bank and in conformity with the
accounting principles generally accepted in India:
¬=rr¤tt+r¤r ¤r ¤fa¤ªª
=¤r n
+rrta ¤ trrº¤fa
¡. tn- ¤¤|¤ -z|-n ¤+ + ª¡ n|- .º¡. + =n·- -n-¤·| ~|·
-+- l-l·| +| =n|-- ¤·| + n|·|t|l- º||- -·|| -=+ =|·| =n·-
-ª<i ¤¤|t l¤¤·º| ¤·| +i nº||¤·i-|| +i t l¤=n :i| tn|· ,|·|
nº||¤·il-|- .º z||º||~| .ª ~|-ln+ nº|| ¤·i-|| +|¤|n¤/~|-ln+
¤lz|-|º| +-</-|·|i¤ ªº|¤· +|n¤/+-<i¤ ªº|¤· +|n¤ ~|· l-¤·|+
+|¤|n¤| :ii| ~-¤ nº|| ¤·i-|+| ,|·| nº||¤·il-|- ªºº: z||º||~|
:: l¤<z|i z||º||~| ~|· ¡ ~|¤·z||· ¤l+ª ¤¸l-º =lt-| -·|| ¡:
~-¤ +|¤|n¤| ~|· :iii| ¡ºº¡ ª· nº||¤·il-|- z||º||~| +i l¤¤l·º|¤|
z||lnn t :- ª · nº||¤·il-|- z||º||~| +i ~lª n| n ¡.ºº% ¤n|·lz|¤|
n ..% ·¤|¤ ~|¤ n ¡.·:% -·|| ·¤|¤ ·¤¤ n ·.·:% ~z| t
¤+ - nº|| ¤·i-|| + ln( z||º||~| +| -¤- ·||·-i¤ l·¤¤ ¤+ ,|·|
¤|·i n|ªl-<z|| + ~-=|· l+¤| t
.. :- l¤-|i¤ l¤¤·º| ¤·|| +i l¤-n<|·i ¤+ ¤¤-¬- +i t tn|·i
l¤-n<|·i :- l¤¤·º| ¤·|| ¤· tn|· ,|·| +i ª: nº|| ¤·i-|| +
~|¬|· ¤· n- ¤+º +·- -+ t
ª. tn- ·||·- n =|n|-¤-· ª¤i|- nº||+- n|-+| + ~-=|· nº||¤·i-||
+i t ¤ n|-+ ¤t ~¤-|| +·- t l+ tn nº||¤·i-|| +i ~|¤|¤-|
-·|| -=+| l-·¤|<- := ¤+|· +· l+ tn l¤-|i¤ l¤¤·º| ¤·|| +
=-¤-¬ n (=| =nl-- ~|z¤|=- lnn ¤|( l+ --n +|: ·|lº -ti
t nº||¤·i-|| n (= =|-¤| +i ¤·i-|º| + -|· ¤· ¤|- +i ¤|-i t
¤| l¤-|i¤ l¤¤·º| ¤·|| n -l-nlº|- ·|lz|¤| -·|| ¤+ºi+·º| + =n·|-
n l<( ¤|- t nº||¤·i-|| n ¤¤-¬- ,|·| -¤¤|ª n n|( ª( nº||+-
l=z| - -·| | -=+ ,| ·| nª| ( ª( =| ·| + ~- n| -| +|
l-¬|·º| -·|| =nª- l¤-|i¤ l¤¤·º| ¤·| +i ¤ª-l- +| n-¤|+- +·-|
·|i z||lnn t tn l¤z¤|= t l+ tn|· ,|·| +i ª: nº||¤·i-|| -
tn|· ~l·|n- +| =nl-- ~|¬|· ¤<|- l+¤| t
:. -n-¤·| ¤ n|·| -·|| t|l- º||-| ¤l+ª l¤l-¤n- ~l¬l-¤n ¡º:º +i
--i¤ ~-=¸-i + +nz|· ¤·|n '(' ~|· ¤i n -¤|· l+( ª( t
·. nt·¤¤¸º| n|nn|·
~¤- n- + =|·| +|: z|- nª|( l¤-| tn l¤-|i¤ l¤¤·º| +i
~-¸=n-i =º¤| ¡º +i lº-¤º|i =º¤| ¡· +i ~|· ·¤|- ~|+l·|-
+·- t l¤=n ¤t +t| ª¤| t l+ ·||·-i¤ l·¤¤ ¤+ ,|·| =|¤¤l-+
-|·| + ¤+| + +n-|l·¤| + ln( ¤z|- l¤+-¤ ¤-· º||n- -·||
-¤<|- =in|~| n ¤lzl¤¤+¤¸º| l¤l-¤|n+ ·¤¤t|· + =-¤-¬ n
-=+ ¤l·¤·| =º¤| ÷i¤i~|÷i ¤i¤i ¤i=i/ºº/.¡.º:.º¡º/.º¡º¡¡
+ ~-=|· nº|| n|-+ ¡· +n-|·i n|·| + ¤|¤¬|-| +| =|¤¤l-+
-|·| + ¤+| ¤· n|ª¸ l+¤ ¤|- = ¤¸º + ¤·nª¤ª¤ ª¤¤ ¡ºº:.¡º
+·|÷ -+ ¤+ +i ¤z|- -·|| -¤<|- <¤-| + ~|ª·|ª- +| --nº|
t
·. -¤¤+- ¤·| ¡ n -l-nlº|- nº||¤·i-|| +i =in|~| + -·|| ¤l+ª
+-¤-i :-¤+n| +| ~¤- -·|| ~-·º|| ~l¬l-¤n ¡ºº ,|·|
¤·||¤l-|- -·|| -=n ~¤l-|- ¤+ºi+·º| =in|~| + ~·¤¬i- tn
¤l-¤l<- +·- t
+. tn|·i =-nl- ¤ =¤|-|n ¤|-+|·i ~|· tn l<( ª( ª-·ºi+·º||
+ ~-=|· ¤ ¤+ +i nº||¤lt¤| n ¤·||¤<lz|- -·|| ·||·- n
=|n|-¤-¤| ª¤i|- nº||+- l=z|--| + ~-ª¤·
165
i. The Balance Sheet read with significant accounting
policies and notes thereon, is a full and fair Balance
Sheet containing the necessary particulars, and is
properly drawn up so as to exhibit a true and fair
view of the state of affairs of the Bank as at 31st
March 2012.
ii. The Profit and Loss Account read with the significant
accounting policies and notes thereon shows a true
balance of the profit for the year covered by the
account; and
iii. The Cash Flow Statement gives a true and fair view
of cash flows for the year covered by the statement.
b) In our opinion the Balance Sheet, Profit & Loss Account
& Cash Flow Statement comply with the applicable
Accounting Standards.
c) We have obtained all the information and explanations,
which to the best of our knowledge and belief were
necessary for the purpose of our audit and have found
them to be satisfactory.
d) The transactions of the Bank, which have come to our
notice, have been within its powers.
e) The returns received from the offices and branches of
the Bank have been found adequate for the purpose of
our audit.
M/s V. K. Verma & Co. M/s Mookherjee Biswas & Pathak
Chartered Accountants Chartered Accountants
FRN 000386N FRN 301138E
(Pradeep Verma) (A. Chatterjee)
Partner Partner
Membership No.088393 Membership No.061551
M/s Amit Ray & Co. M/s Sarda & Pareek
Chartered Accountants Chartered Accountants
FRN 000483C FRN 109262W
(Basudeb Banerjee) (Niranjan Joshi)
Partner Partner
Membership No. 070468 Membership No.102789
M/s Borkar & Muzumdar M/s G. S. Madhava Rao & Co.
Chartered Accountants Chartered Accountants
FRN 101569W FRN 001907S
(B M Agarwal) (G. Manikya Prasad)
Partner Partner
Membership No.033254 Membership No.020105
Place: New Delhi
Date: 09/05/2012
i. º||-| = =-¤l-¬- lº-¤lº|¤| ~|· ¤nº| nº|| l¤l¬ =-¤-·|i
-il-¤| + =|·| ¤la- -n-¤·| (+ ¤¸º| -·|| -l-- -n-¤·|
t l¤=n =·|i ~|¤z¤+ l¤¤·º| l<( ª( t ~|· ¤t :=
-·t = -¤|· l+¤| ª¤| t l+ :=n ¤+ +|¤| +i ª¡
n|- .º¡. +i =ti ~|· -l-- lª·|l- ¤<lz|- t|-i t
ii. º||-| = =-¤l-¬- lº-¤lº|¤| ~|· ¤nº| nº|| l¤l¬ =-¤-·|i
-il-¤| + =|·| ¤la- n|·|t|l- º||- + ~--ª- ¤·| +
n|·| +| =ti z|·| <z||-| t ~|·
iii. -+<i ¤¤|t l¤¤·º| ¤·| -=+ ~--ª- ~|- ¤|ni ~¤l¬
t- =ti ~|· -l-- -+< ¤¤|t <z||-| t
º|. tn|· n- n -n-¤·| n|·| ¤ t|l- nº|| ~|· -+<i ¤¤|t
l¤¤·º| n|ª¸ nº||+·º| n|-+| + ~-=|· t
ª. tn|·i =¤|-|n ¤|-+|·i ~|· l¤z¤|= + ~-=|· nº|| ¤·i-|| +
ln( ¤| ·|i =¸--| ¤ ª¤·ºi+·º| ~|¤z¤+ ·| ¤ tn ¤|-- t|
ª( t ~|· tn- --t =-|·|¤-+ ¤|¤| t
·|. ¤+ + ¤| n-<- tn|·i ¤|-+|·i n ~|( t ¤ ¤+ +i z|l+-¤|
+ ~--ª- t
÷. ¤+ + +|¤|n¤| ¤ z||º||~| = ¤|-- l¤¤l·º|¤| tn|·i nº||
¤·i-|| + ¤¤|¤-|·| ¤¤|-- ¤|: ª: t
|- ¤i + ¤n| (÷ +. |- nº|¤i l¤ª¤|= (÷ ¤|a+
=-<i nº||+|· =-<i nº||+|·
(¤·~|·(- ºººªº·(- (¤·~|·(- ªº¡¡ªº:
:¤<i¤ ¤n|| -º¤i|
=|¤<|· =|¤<|·
=<ª¤-| =. 088393 =<ª¤-| =. º·¡··¡
|- ~ln- · (÷ +. |- =|·<| (÷ ¤|·i+
=-<i nº||+|· =-<i nº||+|·
(¤·~|·(- ººº:ºª=i (¤·~|·(- ¡ºº.·.÷·n¤¸
:¤|=<¤ ¤¤-¤i| :l-·¤- ¤|z|i|
=|¤<|· =|¤<|·
=<ª¤-| =. º·º:·º =<ª¤-| =. ¡º.ºº
|- ¤|·+· (¤ n¤n<|· |- ¤i (= n|¬¤ ·|¤ (÷ +.
=-<i nº||+|· =-<i nº||+|·
(¤·~|·(- 101569÷·-¤¸ (¤·~|·(- 001907(=
:¤i. (n. ~ª¤|n| :¤i. n|lº|+¤ ¤=|<|
=|¤<|· =|¤<|·
=<ª¤-| =. ºªª.·: =<ª¤-| =. º.º¡º·
ª·||- · -: l<-ni
l<-|+ · 09/05/2012
168
s+ nr¤, zo+z ¤t ftºrfa ¤ =ª=rt ¤¬r¤ ªrrª¬ ¤¤ ¤r =nf¤a a¬ª-¤·r
CONSOLIDATED BALANCE SHEET OF PUNJAB NATIONAL BANK AS ON 31ST MARCH, 2012
(ª¤¤ +·|÷ n / ` in Crore)
=ª =¸ ¤t s+.os.+z ¤r s+.os.++ ¤r
Schedule As on 31.03.12 As on 31.03.11
¤¸¬t =rt ª¤arq
CAPITAL & LIABILITIES
¤¸¤i 1 339.18 316.81
Capital
¤|·l-|- l-l¬ ~|· ~l¬z|·| 2 28864.66 22297.85
Reserves & Surplus
~-¤|z| lt- 2+/A 331.42 301.29
Minority Interest
¤n|·|lz|¤| 3 384408.22 316231.93
Deposits
-¬|· 4 42645.42 34638.50
Borrowings
~-¤ <¤-|( ~|· ¤|¤¬|- 5 13856.49 12497.43
Other Liabilities and Provisions
¬rz.TOTAL 470445.39 386283.81
=rfta¤r
ASSETS
-+<i ~| · ·||·-i¤ l·¤¤ ¤ + + ¤|= ¤n| z|·| 6 18507.64 23791.19
Cash & Balances with Reserve Bank of India
¤+| + ¤|= ¤n| z|·| ~|· n|ª -·|| ~-¤ =¸--| ¤· ¤|-¤ ¬- 7 11612.25 6300.11
Balances with Banks & Money at call & short notice
l-¤z| 8 125746.34 96911.28
Investments
+º| ~| · ~lª n 9 301346.52 247746.58
Loans & Advances
~-n ~|lª-¤| 10 3217.14 3150.48
Fixed Assets
~-¤ ~|lª-¤| 11 10015.50 8384.17
Other Assets
¬rz.TOTAL 470445.39 386283.81
~|+lªn+ < ¤-|( 12 212421.74 127611.28
Contingent Liabilities
¤=¸ ni + ln( l¤n 16322.79 11981.55
Bills for Collection
¤n=r ¬=rr¤ª ªtfa¤r 17
Significant Accounting Policies
¬=rr fºt¤f¢r¤r 18
Notes on Accounts
¡ = ¡º +i ~-=¸l-¤| =¤l¬- nº|| +| ~l·|-- ~ª t
The Schedules 1 to 18 form an integral part of the Accounts.
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--| -·|| ~---=¤ nº¤- ·|+z| =ai + ~|· +|n-
nº¤ ¤ ¤¬+ -¤ nt|¤ ¤¬+ nt|¤ ¤ ¬+ +|¤ ¤|n+ l-<z|+ +|¤ ¤|n+ l-<z|+ ~·¤-| (¤ ¤ ¤-¬ l-<z|+
M NANDAKUMAR R R VOORE V K KHANNA USHA ANANTHASUBRAMANIAN RAKESH SETHI K R KAMATH
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR CHAIRMAN & MANAGING DIRECTOR
~-·|ª ¤ - ¤=¤i· l=t ¤i ¤i -| ¬·i (n ( ~--n ¤ <i¤ +n|· (n ¤i l=t (n (- ª|¤i-|·| ÷i + l=ªn| =-in ª--|
l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+
ANURAG JAIN JASBIR SINGH B B CHAUDHRY M A ANTULAY PRADEEP KUMAR M P SINGH M N GOPINATH D K SINGLA SUNIL GUPTA
DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR
rnrtt =r¬ ¤t ft¤r º ¤ =ª =rt.As per our Report of even date
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤ª¤|= (÷ ¤|a+ +- ~ln- · (÷ +-¤-i +- =|·<| (÷ ¤|·i+ +- ¤|·+· (÷ n¤¸n<|· +- ¤i (= n|¬¤ ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co. For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Acccountants Chartered Accountants Chartered Acccountants
:¤ <i¤ ¤n| =|¤<|·| -º¤i =|¤<|·| :¤|=¸<¤ ¤-¤i =|¤<|·| :l-·¤- ¤|z|i=|¤<|·| :¤i (n ~ª ¤|n=|¤<|·| :¤i n|lº|+¤ ¤ =|<=|¤<|·|
=<ª¤ =º¤|088393, (¤·~|·(- 000386(- =<ª¤ =º¤| 061551, (¤·~|·(- 301138: =<ª¤ =º¤| 070468, (¤·~|·(- 000483=i =<ª¤ =º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ =º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ =º¤| 020105, (¤·~|·(- 001907(=
(Pradeep Verma-Partner) (A Chatterjee- Partner) (Basudeb Banerjee-Partner) (Niranjan Joshi-Partner) (B M Agarwal-Partner) (G Manikya Prasad-Partner)
M No. 088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place : ª; fªr¬t.New Delhi
169
s+ nr¤, zo+z ¤r =nrta ¤rr ¤r =nf¤a ¬r+r ¤ rrfª =rrar
CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2012
(ª¤¤ +·|÷ n / ` in Crore)
=ª=¸¤t s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
Schedule year ended 31.03.12 year ended 31.03.11
I. =r¤
INCOME
~l¤ - ·¤|¤ 13 37447.31 27551.24
Interest earned
~-¤ ~|¤ 14 4239.51 3655.36
Other Income
¬rz.TOTAL 41686.82 31206.60
II. ª¤¤
EXPENDITURE
º|- l+¤| ª¤| ·¤|¤ 15 23741.40 15506.68
Interest expended
¤l·-|n- º|- 16 7121.91 6449.67
Operating expenses
¤ |¤¬|- ~| · ~|+lªn+-|¤ 5848.70 4734.66
Provisions and Contingencies
¬rz.TOTAL 36712.01 26691.01
~-¤|z| lt- = ¤¸¤ n¸n ¤ =t|¤+ =ª·||~| +| ¤·| + ln( =nl+- z|z n|·| 4974.81 4515.59
Consolidated Net Profit for the year of the parent & subsidiaries before Minority Interest
·|º|(· ~-¤|z| lt- 27.03 21.91
Less : Minority Interest
~-¤|z| lt- + ¤z-|-¸ n¸n ¤ =t|¤+ =ª·||~| +| ¤·| + ln( =nl+- z|z n|·| 4947.78 4493.68
Consolidated Net Profit for the year of the parent & subsidiaries after Minority Interest
=t|¤+ =ª·||~| n ~¤ - +| ~z| :z|z| 77.68 81.05
Share of earnings in Associates (net)
¤·| + ln( =n¸ t +| =n l+- z| z n|·| 5025.46 4574.73
Consolidated Net Profit for the year attributable to the group
¤|÷· =n¸t +| ~|ª n|¤| ª¤| =nl+- n|·| 452.25 359.49
Add : Brought forward consolidated profit attributable to the group
f¤fª¤r ¬ª ¤ f¬q s¤¬ª¤ ¬r+r 5477.71 4934.22
Profit available for Appropriation
f¤fª¤r ¬ª
APPROPRIATIONS
¤|·l-|l-¤| n ~-·º| :z|z|
Transfer to Reserves (Net) :
=|l¤l¬+ ¤ |·l-|- l-l¬ 1291.81 1114.49
Statutory Reserve
¤¸¤i ¤ |·l-|- l-l¬~-¤ 33.43 12.02
Capital Reserve - Others
l-¤z| ·|º ¤· ¤ |·l-|- l-l¬ 0.00 0.00
Investment Fluctuation Reserve
~-¤ ¤ |·l-|- l-l¬ 2688.18 2415.20
Other Reserve
l¤z|·| ¤ |·l-|- l-l¬ 151.45 152.42
Special Reserve
¬r+rrrr ¤t =fra ¬r+rrrr
Dividend Including Dividend Tax
.º¡¡¡. + ln( ¤ ª-|l¤- n|·|| z| 868.78 814.15
Proposed Dividend for 2011-12
~-l·n n|·||z| 0.00 0.00
Interim Dividend
=nl+- -n-¤·| n n ¤|¤| ª¤| ¤n| z|·| 444.06 425.94
Balance carried over to consolidated Balance Sheet
¬rz.TOTAL 5477.71 4934.22
¤l- z|¤· ~¤- :ª¤¤| n| ª· ¤|l·|+i+- 148.17 145.08
Earnings per Share (In Rs.) Non-Annualised
¬=rr ªtfa¤r aºrr ¬=rr fºt¤f¢r¤r
Accounting Policy and Notes on Accounts 18
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--| -·|| ~---=¤ nº¤- ·|+z| =ai + ~|· +|n-
nº¤ ¤ ¤¬+ -¤ nt|¤ ¤¬+ nt|¤ ¤ ¬+ +|¤ ¤|n+ l-<z|+ +|¤ ¤|n+ l-<z|+ ~·¤-| (¤ ¤ ¤-¬ l-<z|+
M NANDAKUMAR R R VOORE V K KHANNA USHA ANANTHASUBRAMANIAN RAKESH SETHI K R KAMATH
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR CHAIRMAN & MANAGING DIRECTOR
~-·|ª ¤ - ¤=¤i· l=t ¤i ¤i -| ¬·i (n ( ~--n ¤ <i¤ +n|· (n ¤i l=t (n (- ª|¤i-|·| ÷i + l=ªn| =-in ª--|
l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+
ANURAG JAIN JASBIR SINGH B B CHAUDHRY M A ANTULAY PRADEEP KUMAR M P SINGH M N GOPINATH D K SINGLA SUNIL GUPTA
DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR
rnrtt =r¬ ¤t ft¤r º ¤ =ª =rt.As per our Report of even date
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤ª¤|= (÷ ¤|a+ +- ~ln- · (÷ +-¤-i +- =|·<| (÷ ¤|·i+ +- ¤|·+· (÷ n¤¸n<|· +- ¤i (= n|¬¤ ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co. For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Acccountants Chartered Accountants Chartered Acccountants
:¤ <i¤ ¤n| =|¤<|·| -º¤i =|¤<|·| :¤|=¸<¤ ¤-¤i =|¤<|·| :l-·¤- ¤|z|i=|¤<|·| :¤i (n ~ª ¤|n=|¤<|·| :¤i n|lº|+¤ ¤ =|<=|¤<|·|
=<ª¤ =º¤|088393, (¤·~|·(- 000386(- =<ª¤ =º¤| 061551, (¤·~|·(- 301138: =<ª¤ =º¤| 070468, (¤·~|·(- 000483=i =<ª¤ =º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ =º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ =º¤| 020105, (¤·~|·(- 001907(=
(Pradeep Verma-Partner) (A Chatterjee- Partner) (Basudeb Banerjee-Partner) (Niranjan Joshi-Partner) (B M Agarwal-Partner) (G Manikya Prasad-Partner)
M No. 088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place : ª; fªr¬t.New Delhi
170
=ª=¸¤t + - ¤¸¬t
SCHEDULE 1 - CAPITAL
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
¤rf¤¤a
300,00,00,000 :l+¤ºi z|¤· ¤ ·¤+ ª. ¡º +|
Authorised
300,00,00,000 Equity Shares of Rs. 10 each 3000.00 3000.00
¬rtt aºrr =f+rª-r
¤ ·¤+ ª. ¡º + 33,91,78,683 :l+¤ºi z|¤·
Issued & Subscribed
33,91,78,683 Equity Shares of Rs. 10 each 339.18 316.81
¤ª-r
33,91,78,683 :l+¤ºi z|¤· ¤ ·¤+ ª. ¡º +|
:+-< i¤ =·+|· ,|·| ¬|l·- 19,02,76,876 :l+¤ºi z|¤· ¤ ·¤+ ª. ¡º +| z||lnn t |
Paid Up
33,91,78,683 Equity shares of Rs. 10 each 339.18 316.81
(includes 19,02,76,876 Equity Shares of Rs. 10 each
held by Central Government)
¬rz.TOTAL 339.18 316.81
=ª=¸¤t z - ¤rtf+ra fªf¤¤r =rt =f¤rrrr
SCHEDULE 2 - RESERVES & SURPLUS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. =rf¤f¤¤ ¤rtf+ra fªf¤¤r
Statutory Reserves
¤|·l-·|+ z|·|
Opening Balance 5804.71 4690.22
¤·| + <| ·|- ¤lz
Addition during the year 1225.26 1114.49
7029.97 5804.71
II. ¤¸¬tna ¤rtf+ra fªf¤¤r
Capital Reserves
¤¸ ¤ªn¸r¤ª ¤rtf+ra fªf¤
a) Revaluation Reserve
¤|·l-·|+ z|·|
Opening Balance 1475.91 1491.99
¤·| + <| ·|- ¤lz
Addition during the year 1.13 5.16
¤·| + <|·|- +º|l-¤|
:¤l·=-¤l-| + ¤-n¸ -¤- ·||ª ¤· n¸-¤r|=|
Deduction during the year 21.56 21.23
(being depreciation on revalued portion of property) 1455.48 1475.92
=r¸ =-¤
b) Others
¤|·l-·|+ z|·|
Opening Balance 1101.58 1089.57
¤·| + <| ·|- ¤lz
Addition during the year 33.43 12.02
1135.01 1101.59
II.= =n¤ª ¤t ¤¸¬t ¤rtf+ra fªf¤ (rrq¸
A. Capital Reserve on consolidation (Net) 66.53 54.96
III. tr¬t¤ aºrr =-¤ ¤rtf+ra fªf¤¤r
Revenue and other Reserves
¤¸ fª¤rr rrº-¤z ¤rtf+ra fªf¤
a) Investment Fluctuation Reserve
¤|·l-·|+ z|·|
Opening Balance 170.11 170.11
¤·| + <| ·|- ¤lz
Addition during the year 0.00 0.00
·|º|¤· n|·| ¤ t|l- l¤l-¤|¤- nº| n ~-·º|
Less:Transfer to P&L Appropriation A/c 0.00 0.00
170.11 170.11
171
=ª=¸¤t z - ¤rtf+ra fªf¤¤r =rt =f¤rrrr
SCHEDULE 2 - RESERVES & SURPLUS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
º|| ~-¤ ¤|·l-|- l-l¬
b) Other Reserve
¤|·l-·|+ z|·|
Opening Balance 10539.92 8116.78
¤·| + <| ·|- ¤lz
Adding during the year 2807.21 2423.15
l¤z|·| ¤|·l-|- l-l¬ +| ~-l·-
Transferred to Special Reserve 0.00 0.00
·|º|(· l¤¤n ¤·|| = =-¤z =n|¤|¤-
Less: Adjustment related to Prior years 0.00 0.00
·|º|(· =+nº|z|in <¤-| :nº|| n|-+¡·|
Less: Transistory Liability (AS-15) 0.00 0.00
·|º|(· ~-· ~¤ªz º||-| + ln( ·|ª-|-
Less: Payment for Interblocked accounts 0.00 0.00
13347.13 10539.93
ª| l¤l-n¤ ·|º¤· ¤ |·l-|- l-l¬
c. Exchange Fluctuation Reserve
¤|·l-·|+ z|·|
Opening Balance 0.00 1.49
¤|÷· ¤·| + <|·|- ¤lz :z|z|
Add: Addition during the year (Net) 34.94 0.00
·|º|(· ¤·| + <| ·|- ~|t·º| :z|z|
Less: Withdrawn during the year (Net) 0.00 1.49
34.94 0.00
IV. z|¤· ¤ iln¤n
Share Premium
¤|·l-·|+ z|·|
Opening Balance 2193.92 2011.43
¤·| + <| ·|- ¤lz
Addition during the year 2222.57 182.49
4416.49 2193.92
V. l¤z|·| ¤ |·l-|- l-l¬
Special Reserve
¤|·l-·|+ z|·|
Opening Balance 544.58 392.16
¤·| + <| ·|- ¤lz
Addition during the year 151.45 152.42
~-¤ ¤|·l-|- l-l¬ = ~-·º|
Transfer from other reserve 0.00 0.00
696.03 544.58
VI. l¤<z|i n<| ~-·º| ¤|·l-|- l-l¬
Foreign Currency Translation Reserve
¤|·l-·|+ z|·|
Opening Balance -13.81 -6.72
¤·| + <| ·|- ¤lz
Addition during the year 0.00 0.00
¤·| + <|·|- +º|-i
Deduction during the year -82.69 7.09
68.88 -13.81
VII. n|·|t|l- º||- n z|·|
Balance in Profit & Loss Account 444.09 425.94
Total I,II,,III,IV,V,VI, VII ¤r ¬rz 28864.66 22297.85
=ª=¸¤t z= - =r¤rrr fra
SCHEDULE 2A - MINORITY INTEREST
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
-= -|·iº| +| ~-¤|z| lt- ¤¤ n¸n -·|| =t|¤+ =ª·|| +| =¤¬ ~lª-·¤ n ~|¤|
Minority Interest at the date on which the parent subsidiary relationship came into existence 149.25 149.25
¤·¤-i ¤lz
Subsequent increase 182.17 152.04
a¬ª-¤·r ¤t artt=r ¤r =r¤rrr fra
Minority Interest at the date of balance sheet 331.42 301.29
172
=ª=¸¤t s - ¬nrtrfrr¤r
SCHEDULE 3 - DEPOSITS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. nrn ¬nrtrfrr¤r
Demand Deposits
(i) ¤+| =
From Banks 2194.70 2326.12
(ii) ~-¤ =
From Others 26624.10 24806.45
28818.80 27132.57
II. ¤¤a ¤¤ ¬nrtrfrr¤r
Savings Bank Deposits 105910.51 93663.71
III. nt¤rªt ¬nrtrfrr¤r
Term Deposits
~ (i) ¤+| =
A From Banks 14658.86 12078.57
(ii) ~-¤ =
From Others 235020.05 183357.08
249678.91 195435.65
Total I, II & III ¤r ¬rz 384408.22 316231.93
¤ (i) ·||·- n lª·|- z||º||~| +i ¤n|·|lz|¤|
B Deposits of branches in India 370686.28 307245.55
(ii) ·||·- = ¤|t· lª·|- z||º||~| +i ¤n|·|lz|¤|
Deposits of branches outside India 13721.94 8986.38
TOTAL B (i) ¤ & (ii) (=r¸ ¤r ¬rz 384402.22 316231.93
=ª=¸¤t + - s¤rt
SCHEDULE 4 - BORROWINGS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n s¤rt
Borrowings in India
(i) ·||·-i¤ l·¤¤ ¤+
Reserve Bank of India 10757.61 9510.00
(ii) ~-¤ ¤+| =
Other Banks 1473.51 849.14
(iii) ~-¤ =ª·||~| ~|· (¤l=¤| =
Other Institutions and Agencies 3975.45 3953.82
(iv) ¤|º÷ :ºi¤· ºi¤· ª| º| +º| =lt-|
Bonds (including Tier-I, Tier-II, Subordinated Debts) 11442.01 11427.62
II. +rrta = ¤rrt s¤rt
Borrowings outside India 14996.84 8897.92
Total of I, II ¤r ¬rz 42645.42 34638.50
s¤¤¤a ì q¤ ìì n rrrfn¬ ¤fa+r¸a s¤rt
Secured Borrowings included in I & II above 13209.52 10676.24
173
=ª=¸¤t s - =-¤ ª¤arq =rt ¤r¤¤rª
SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. < ¤ l¤n
Bills Payable 2139.02 2098.65
II. ~-· +|¤| n¤ =n|¤|¤- :z|z|
Inter-Office adjustments (net) 56.73 31.60
III. -¤l-- ·¤|¤
Interest accrued 708.44 530.68
IV ~-¤ :¤ |¤¬|-| =lt-|
Others (including Provisions) 10952.30 9836.50
Total of I, II, III, IV, V ¤r ¬rz 13856.49 12497.43
=ª=¸¤t e - ª¤ªt =rt +rrtat¤ ft”r¤ ¤¤ ¤ ¤r= rrrr
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. rrºr n ª¤ªt (f¤ªrrt nªr ªrºr =fra¸
Cash in hand (including foreign currency notes) 1949.91 1737.85
II. +rrtat¤ ft”r¤ ¤¤ ¤ ¤r= rrrr
Balance with Reserve Bank of India
:+| -|n¸ º||- n/(i) In Current Account 16557.73 22053.34
:º|| ~-¤ º||-| n/(ii) In Other Accounts 0.00 0.00
16557.73 22053.34
Total of I & II ¤r ¬rz 18507.64 23791.19
=ª=¸¤t z - ¤¤r ¤ ¤r= ¬nr rrrr, nrn =rt =r¤ =¸¤ªr ¤t ¤rt¤ ¤ª
SCHEDULE 7 - BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n/In India
(i) ¤+| + ¤|= z|·|
Balances with Banks
+| -|n¸ º||-| n
a) In Current Accounts 784.21 481.50
º|| ~-¤ ¤n| º||-| n
b) In Other Deposit Accounts 3082.94 1626.59
3867.15 2108.09
(ii) n|ª ~|· ~-¤ =¸--| ¤· ¤|-¤ ¬-
Money at Call and Short Notice
+| ¤+| + ¤|=
a) with Banks 1255.52 719.60
º|| ~-¤ =ª·||~| + ¤|=
b) with Other Institutions 1717.44 0.00
2972.96 719.60
TOTAL OF i & ii ¤r ¬rz 6840.11 2827.69
II. +rrta = ¤rrt/Outside India
(i) -|n¸ º||-| n
In Current Accounts 1819.77 1810.01
(ii) ~-¤ ¤n| º||-| n
In Other Deposit Accounts 1835.20 1032.60
(iii) n|ª ~|· ~-¤ =¸--| ¤· ¤|-¤ ¬-
Money at Call & Short Notice 1117.17 629.81
¬rz.TOTAL 4772.14 3472.42
GRAND TOTAL of I, II ¤r ¤¬ ¬rz 11612.25 6300.11
174
=ª=¸¤t s - fª¤rr
SCHEDULE 8 - INVESTMENTS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n fªrªf¬f=ra n fª¤rr
Investments in India in
(i) =·+|·i ¤l-·|¸l-¤|
Government Securities 102260.54 80676.99
(ii) ~-¤ ~-n|l<- ¤l-·|¸l-¤|
Other Approved Securities 223.27 373.86
(iii) z|¤·
Shares 2617.17 2564.32
(iv) l÷¤-· ~|· ¤|º÷
Debentures and Bonds 8336.73 5493.29
(v) =t|¤+ =ª·||~| n l-¤z| ::l+¤ºi ¤zl- ¤·|
Investment in Associates (on equity method) 712.88 529.98
(vi) ~-¤
:¤¸ºi~|: ~|· -=+ ¤¸l-º·: n ¤|·l-·|+ ¤¸¤i
l¤l·|-- -¤¸-~n ¤·÷ ¤ ¤|lº|l-¤+ ¤·| ~|l< n|
Others 10791.00 6760.84
(Initial Capital in UTI and its units-64;
various Mutual Funds & Commercial Paper etc.)
TOTAL of I ¤r ¬rz 124941.59 96399.28
II. +rrta = ¤rrt fª¤rr
Investments Outside India
(i) =·+|·i ¤l-·|¸l-¤|
Government Securities 286.04 32.02
(ii) =t|¤+ =ª·||~| n l-¤z| ::l+¤ºi ¤zl- ¤·|
Investment in Associates (on equity method) 373.51 40.68
(iii) ~-¤ l-¤z|
Other Investments 145.20 439.30
TOTAL of II ¤r ¬rz 804.75 512.00
III. +rrta n fª¤rr
Investments in India
i) l-¤z|| +| =+n n¸-¤
Gross value of Investments 125483.96 96767.91
ii) ·|º|(· n¸-¤r|= + ln( ¤ |¤¬|-| +| ¤|÷
Less: Aggregate of Provisions for Depreciation 542.37 368.63
iii) z|z l-¤z|
Net Investment 124941.59 96399.28
IV. +rrta = ¤rrt fª¤rr
Investments outside India
i) l-¤z|| +| =+n n¸-¤
Gross value of Investments 804.75 512.00
ii) ·|º|(· n¸-¤r|= + ln( ¤ |¤¬|-| +| ¤|÷
Less: Aggregate of Provisions for Depreciation 0.00 0.00
iii) z|z l-¤z|
Net Investments 804.75 512.00
GRAND TOTAL of (I), (II) ¤r ¤¬ ¬rz 125746.34 96911.28
175
=ª=¸¤t v - =fnn
SCHEDULE 9 - ADVANCES
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
~ (i) º|·i< ~|· ·|-|¤ ª( l¤n
A Bills purchased and discounted 7612.41 7019.95
(ii) -+< -¬|· ~|¤·÷|+º ~| · n|ª ¤· <¤ +º|
Cash Credits, Overdrafts & Loans repayable on demand 144753.99 114888.48
(iii) ni¤|<i +º|
Term Loans 148980.12 125838.15
¬rz.Total 301346.52 247746.58
~| (i) n¸- ~|lª-¤| ,|·| ¤l-·|¸- ::=n ¤ti +º|| ¤· l<( ª¤ ~lªn z||lnn t|
B Secured by tangible assets (Including advances against Book Debts) 259668.91 206057.66
(ii) ¤+/=·+|· +i ª|·ºi ,|·| =·l-|-
Covered by Bank/Government guarantees 17230.65 11671.93
(iii) ~¤l-·|¸-
Unsecured 24446.96 30016.99
¬rz.Total 301346.52 247746.58
; (I) +rrta n fª¤rr
C Advances in India
(i) ¤|·|ln+-| -|·|
Priority Sector 94018.97 80702.15
(ii) =|¤ ¤l-+ -|·|
Public Sector 22672.71 17902.43
(iii) ¤+
Banks 2585.75 13822.05
(iv) ~-¤
Others 157499.20 120597.59
¬rz.Total 276776.63 233024.22
(II) +rrta = ¤rrt =fnn
Advances outside India
(i) ¤+| = ¤|-¤
Due from Banks 18040.21 11092.74
(ii) ~-¤ = ¤|-¤
Due from Others
:+|º|·i< ~| · ·|-|( ª( l¤n
(a) Bills Purchased & Discounted 518.21 466.14
:º||ni¤|<i +º|
(b) Term Loan 3848.16 2584.33
:ª| ~-¤
(c) Others 2163.31 579.15
¬rz.Total 24569.89 14722.36
; I ¤ II ¤r ¤¬ ¬rz GRAND TOTAL ( Total of C I & II) 301346.52 247746.58
176
=ª=¸¤t +o - =¤¬ =rfta¤r
SCHEDULE 10 - FIXED ASSETS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. ¤ft=t :·|¸ln =lt-|
Premises (including Land)
¤·| +i ¡ ~¤ n +i n|ª- ¤·
-At cost as on 1st April of the year 2627.62 2101.59
¤·| + <|·|- ¤lz
-Addition during the year 37.45 517.78
·|º|(· ¤·| + <|·|- +º|l-¤|
Less: Deductions during the year 0.00 0.03
¤-n¸-¤-
-Revaluation 0.00 5.16
·|º|(· ~¤ -+ n¸-¤r|=
Less: Depreciation to date 313.16 281.80
2351.91 2342.70
II. =-¤ =¤¬ =rfta¤r :¤·-i-· ~|· l¤·+=-· =lt-|
Other Fixed Assets (Including Furniture & Fixtures)
¤·| +i ¡ ~¤ n +i n|ª- ¤·
-At cost as on 1st April of the year 2356.28 2067.39
¤·| + <|·|- ¤lz
-Addition during the year 339.22 375.99
·|º|(· ¤·| + <|·|- +º|l-¤|
Less: Deductions during the year 79.76 90.07
·|º|(· ~¤ -+ n¸-¤r|=
Less: Depreciation to date 1792.54 1594.87
823.20 758.44
III ¤rt¤¸ºt =r¤º¤¤t
Computer Software
¤·| +i ¡ ~¤ n +i n|ª- ¤·
-At cost as on 1st April of the year 196.69 180.65
¤·| + <|·|- ¤lz
-Addition during the year 12.90 22.53
¤·| + <|·|- +º|l-¤|
-Deductions during the year 0.23 5.51
·|º|(· ~¤ -+ ¤l·z||l¬-
Less: Amortised to date 167.42 148.49
41.94 49.18
IV ¤º¸º¤r¬t =rfta¤r
Leased Assets
¤·| +i ¡ ~¤ n +i n|ª- ¤·
-At cost as on 1st April of the year 25.24 25.24
¤·| + <|·|- ¤lz
-Addition during the year 0.00 0.00
¤·| + <|·|- +º|l-¤|
-Deductions during the year 0.00 0.00
·|º|(· ~¤ -+ n¸-¤r|=
Less: Depreciation to date 25.15 25.08
0.09 0.16
TOTAL of I, II, III, IV ¤r ¬rz 3217.14 3150.48
177
=ª=¸¤t ++ - =-¤ =rfta¤r
SCHEDULE 11 - OTHER ASSETS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. -¤l-- ·¤|¤
Interest accrued 2930.11 2175.14
II. l<¤| ª¤| ~lª n +· / = |- ¤· +|º| ª¤| +· :¤ |¤¬|-| + -¤·|--|
Tax paid in advance / tax deducted at source (net of provisions) 1114.93 876.84
III. nº|-=|nªi ~|· ªº|-¤
Stationery and stamps 8.63 7.35
IV. <|¤| + l-¤º|- t- ¤|-- ª·¤l+ª ~|lª-¤|
Non-banking assets acquired in satisfaction of claims 43.78 41.96
V. ~|ª·|lª- +· ~|lª-¤| :z|z|
Deferred tax asset (net) 432.82 386.15
VI. ~-¤
Others 5485.23 4896.73
Total of I, II, III, IV, V, VI ¤r ¬rz 10015.50 8384.17
=ª=¸¤t +z - =r¤ftn¤ ª¤arq
SCHEDULE 12 - CONTINGENT LIABILITIES
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I (i) ¤ + :=n¸t| + l¤ªz (= <|¤ l¤-t +º| + ª¤ n -ti n|-| ª¤| t
Claims against the Bank (Group) not acknowledged as debts 250.01 255.02
(ii) ~¤in| =<·|| ~|l< + ~¬i- l¤¤|l<- ~|¤ +· ¤ ·¤|¤ +· n|ª
Disputed income tax and interest tax demands under appeals, references,etc. 1160.87 883.14
II. ~|lz|+ ª¤ = ¤ <-| l-¤z|| + ln( <¤-|(
Liability for partly paid investments 0.01 0.01
III. ¤+|¤| ¤|¤<| l¤l-n¤ =l¤<|~| + +|·º| <¤-|(
Liability on account of outstanding forward exchange contracts 134031.69 67148.33
IV. ª|t+| +i ~|· = <i ª¤i ª|·lº¤|
Guarantees given on behalf of constituents:
(+) ·||·- n
(a) In India 24238.19 20663.05
(º|) ·||·- = ¤|t·
(b) Outside India 18098.76 12390.64
V. ª¤i+l-¤| ¤·a|+- ~|· ~-¤ <|l¤·¤
Acceptances, endorsements and other obligations 34327.30 25908.42
VI. ~-¤ n< l¤-+ ln( ¤ + ~|+lªn+ ª¤ = l¤-n<|· t
Other items for which the Bank (Group) is contingently liable 314.91 362.70
Total of I, II, III, IV, V, VI ¤r ¬rz 212421.74 127611.28
178
=ª=¸¤t +s - =f¬a ª¤r¬
SCHEDULE 13 - INTEREST EARNED
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. ~lªn|/l¤n| ¤· ·¤|¤/¤º¸º|
Interest/discount on Advances/Bills 28975.51 21565.35
II. l-¤z|| = ~|¤
Income on Investments 8172.36 5727.36
III. ·||·-i¤ l·¤¤ ¤ + + ¤|= ¤n|z|·| ~| · ~-¤ ~-· ¤ + l-l¬¤| ¤· ·¤|¤
Intt. on balances with Reserve Bank of India and other Inter-Bank funds 234.09 84.38
IV. ~-¤
Others 65.35 174.15
Total of I, II, III, IV ¤r ¬rz 37447.31 27551.24
=ª=¸¤t ++ - =-¤ =r¤
SCHEDULE 14 - OTHER INCOME
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. +niz|- l¤l-n¤ ~| · <n|ni
Commission, Exchange and Brokerage 2398.80 2067.51
II. ·|¸ln ·|¤- ~| · ~-¤ ~|lª-¤| +i l¤+i = n|·|
Profit on sale of land, buildings and other assets 4.62 3.44
·|º|(· ·|¸ln ·|¤- ~| · ~-¤ ~|lª-¤| +i l¤+i = t|l-
Less: Loss on sale of land, buildings and other assets 0.27 0.48
4.35 2.96
III. -¤¸-~n ¤·÷ = n|·||z| ~|¤
Dividend Income from Mutual Fund 193.08 224.96
IV. l¤<z|i n< | l¤l-n¤ n-<- = n|·|
Profit on Exchange Transaction 594.20 386.00
·|º|(· l¤<z|i n< | l¤l-n¤ n-<- = t|l-
Less: Loss on Exchange Transaction 14.78 2.37
579.42 383.63
V. l-¤z|| +i l¤+i = n|·|
Profit on sale of Investments 408.68 332.32
·|º|(· l-¤z|| +i l¤+i = t|l-
Less: Loss on sale of Investments 75.25 41.15
333.43 291.17
VI. l¤l¤¬ ~|¤
Miscellaneous Income 730.43 685.13
Total of I, II, III, IV, V, VI ¤r ¬rz 4239.51 3655.36
=ª=¸¤t +s - =r¤ f¤¤r n¤r ª¤r¬
SCHEDULE 15 - INTEREST EXPENDED
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. ¤n|·|lz|¤| ¤· ·¤|¤
Interest on Deposits 21529.78 13894.72
II. ·||·-i¤ l·”|¤ ¤+ +/~-· ¤+ -¬|·| ¤· ·¤|¤
Interest on Reserve Bank of India/inter-bank borrowings 496.85 305.06
III. ~-¤
Others 1714.77 1306.90
Total of I, II, III ¤r ¬rz 23741.40 15506.68
179
=ª=¸¤t +z - =rr¤¤ =tºrr=r n =¬ª . rrfª ¤r =rr
SCHEDULE 17 - SHARE OF EARNINGS/LOSS IN ASSOCIATES
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
:+|·||·- n =t|¤+ =ª·||~| n ~¤-| +| ltª=|
(a) Share of Earnings in Associates in India 67.29 72.35
:º||·||·- = ¤|t· =t|¤+ =ª·||~| n ~¤-| +| ltª=|
(b) Share of Earnings in Associates outside India 10.39 8.70
(¤ q¤ =r¸ ¤r ¬rz TOTAL of (a & b) 77.68 81.05
========== ==========
=ª=¸¤t +e - ¤ft¤r¬ª ª¤¤
SCHEDULE 16 - OPERATING EXPENSES
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. +n-|l·¤| +| ·|ª-|- ~|· --+ ln( ¤|¤¬|-
Payments to and Provisions for employees 4775.14 4493.93
II. l+·|¤| +· ~| · l¤¤ni
Rent, Taxes and Lighting 373.49 316.35
III. n<º| (¤ nº|-=|nªi
Printing and Stationery 61.17 52.39
IV. l¤a|¤- ~|· ¤-|·
Advertisement and Publicity 45.68 44.36
V. ¤ + +i =¤l-| ¤· n¸-¤r|= / ¤l·z||¬-
Depreciation/Amortisation on Bank's property 323.00 285.82
·|º|(· ¤-n¸-¤- ¤|·l-|- l-l¬ = =n|¤|l¤-
Less: Adjusted with Revaluation Reserve 21.23 21.23
301.77 264.59
VI. l-<z|+| +i ¤·i= ·|-| (¤ º|-
Directors' fees, allowances and expenses 1.47 1.61
VII. nº|| ¤·i-|+| +i ¤·i= ~|· º|- :~-·|lª¤| + =|l¤l¬+ nº||¤·i-|+| -·|| z||º||
nº||¤·i-|+| +i ¤·i= ~|· º|- =lt-|
Auditors' fees and expenses (including satutory auditor or subsidiaries, branch
auditors' fees & expenses) 54.19 45.13
VIII. l¤l¬ ¤ ·||·
Law Charges 27.68 19.75
IX. ÷|+ -|· ºni¤·|- ~|l<
Postage, Telegrams, Telephones, etc. 109.84 105.80
X. n·-n- ~| · ·º|·º||¤
Repairs and Maintenance 103.02 85.97
XI. ¤in|
Insurance 316.64 262.17
XII. ~-¤ ·¤¤
Other expenditure 951.82 757.62
Total of I to XII ¤r ¬rz 7121.91 6449.67
180
SCHEDULE 18
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON
ACCOUNTS
1. BASIS OF PREPARATION:
The financial statements have been prepared on the historical
cost basis and conform, in all material aspects to Generally
Accepted Accounting Principles (GAAP) in India which
encompasses applicable statutory provisions, regulatory norms
prescribed by Reserve Bank of India (RBI), Accounting Standards
and pronouncements issued by the Institute of Chartered
Accountants of India (ICAI) and prevailing practices in Banking
industry in India. In respect of Foreign offices, statutory provisions
and practices prevailing in respective countries are complied with.
Use of Estimates
The preparation of financial statements requires the
management to make estimates and assumptions considered
in the reported amount of assets and liabilities (including
contingent liabilities) as of date of the financial statements and
the reported income and expenses for the reporting period.
Management believes that the estimates used in the preparation
of the financial statements are prudent and reasonable.
2. CONSOLIDATION PROCEDURES:
2.1. Consolidated financial statements of the Group (comprising
of 8 Subsidiaries and 11 Associates) have been prepared
on the basis of:
a) Audited financial statements of Punjab National Bank
(Parent/the Bank),
b) Line by line aggregation of like items of assets, liabilities,
income and expenses of subsidiaries with the respective
item of the Parent and after eliminating material intra-
group balances/transactions, unrealized profit/losses and
making necessary adjustments wherever required to
conform to uniform accounting policies, based on data
received from these subsidiaries duly audited by their
respective auditors. The financial statements of the
subsidiaries have been drawn up to the same reporting
date as that of parent i.e. 31st March 2012.
c) Foreign currency translation of overseas subsidiary has
been done as under:
(i) Income and Expenditure - at weighted average rates
prevailing during the year
(ii) Assets and Liabilities - at the year end rates
The resultant foreign currency translation difference,
whether debit/credit, has been included under Reserves
and Surplus - Foreign currency translation reserve.
d) Investments in associates, where the group holds 20% or
more of the voting power have been accounted for using
the equity method in terms of Accounting Standard - 23.
In the absence of full information regarding impact of
differences in accounting policies followed by the parent
=ª=¸¤t +s
¤n=r ¬=rr f¤fªr =¤ªrt ªtfa¤r =rt ¬=rr ¤t fºt¤f¢r¤r
+. ¬=r a¤rt ¤tª ¤r =rªrrt
l¤·-i¤ l¤¤·º| ¤·| ¤·-¤·|ª- n|ª- + ~|·||· ¤· -¤|· l+¤ ª¤ t
-·|| =nª- nt·¤¤¸º| <l·º¤| = ·||·- n =|n|-¤-· ª¤i|- nº||+-
l=z|--| :¤i((¤i| + ~-ª¤ t l¤-n n|ª¸ =|l¤l·|+ v|¤·||-
·||·-i¤ l·¤¤ ¤+ ,|·| l-·||l·- l¤l-¤|n+ n|-<º÷ ·||·-i¤ =-<i
nº||+|· =ª·||- ,|·| ¤|·i nº||+- n|-<º÷ -·|| a|¤- ¤ ·||·- n
¤l+ª -¤|ª n n|¤¸<| v·||( ·|i z||lnn t l¤<z|i +|¤|n¤| +
=-¤-·| n -- -- <z|| n n|ª¸ =|l¤l·|+ v|¤·||-| ~|· v·||~| +|
¤|n- l+¤| ª¤| t
=ªnrªr ¤r s¤¤rn
l¤·-i¤ l¤¤·lº|¤| -¤|· +·- + ln( v¤·|- +| l¤·-i¤ l¤¤·lº|¤| +i
l-l·| +| l·¤|º l+( ª( ~|lª-¤| (¤ <¤-|~| -·|| l·¤|º ~¤l·| +
ln( l·¤|º l+( ª( ~|¤ ~|· ·¤¤ n l¤-|·|·| ~-n|- -·|| ·||·º||(
¤-|- +i ~|¤z¤+-| ¤÷-i t v¤·|- +| l¤z¤|= t l+ l¤·-i¤
l¤¤·lº|¤| -¤|· +·- n -¤¤|ª l+( ª( ~-n|- l¤¤+=-n- ~|·
-+=ª- t
z. =n ¤ª ¤qfa
z.+ =n¸ t :º ~- ·| lª¤| ~| · ¡¡ =t¤| ªi = ª·||( =l-nln- t | +
=n l+- l¤·-i¤ l¤¤·º|¤·| l---lnlº|- + ~|·||· ¤· - ¤|· l+(
ª( t ·
:+| ¤ ¤|¤ - z|-n ¤ + :n¸ n/¤ +| + n º||¤·il-|- l¤·-i¤
l¤¤·º|¤·|
:º|| n¸n ¤+ +i =-¤l-·|- n<| + =|·| =t¤|lª¤| +i n<| +|
~·||-¸ ~|lª-¤| <¤-|~| ~|¤ -·|| ·¤¤| +| ¤·ª¤· ¤l+- <·
¤l+- (+l·|- +·- t( -·|| ~-· =n¸t n-<-| --+ =-¤l-·|-
nº|| ¤·i-|+| ,|·| l¤l·|¤-¸ nº||¤·il-|- v|-- ~|+÷| + ~|·||·
¤· ¤=¸n - t( n|·|/t|l- +| tº|- + ¤z-|-¸ -·|| ¤t| +ti
¤ª·i ·|| ¤t| =n|- nº||+- -il-¤| + ~-ª¤ ~|¤z¤+
=n|¤|¤- +·- + ¤z-|-¸ -¤|· l+( ª( t ~-·|ªi +-¤l-¤|
+ l¤·-i¤ l¤¤·º|¤·| vnº| ¤+ +i l·¤|lºª l-l·| ~·||-¸ ª¡
n|- .º¡. +| ti -¤|· l+( ª(
:ª| l¤<z|i ~-·|ªi + l¤<z|i n:| ~-·º| l---¤-¸ l+( ª( t ·
:i| ~|¤ ¤ ·¤¤ ¤·| + <| ·|- -¤n··| ·||l·- ~| =- <·|
¤·
:ii| ~|lª-¤| ¤ <¤-|( ¤·| + ~- +i <·| ¤·
l¤<z|i n:| ~-·º| + ¤l·º||nª¤ª¤ ~|¤ ~-· +| -|t ¤t
÷l¤º/+l÷º t| v|·l-|l-¤| ~|· ~l·|z|·| + ~·|i- =l-nln-
l+¤| ª¤| t
:·|| ¤t| ¤|lºª ¤|¤· n =n¸t +| .º% ~|· :== ~l·|+ ~z| t
¤t| =t|¤+ =ª·||~| n l-¤z|| +| nº||+- nº||n|-+ .ª
+i z|-|-=|· :l+¤ºi ¤zl- ,|·| l+¤| ª¤| t n¸n ¤+ ~|·
=t|¤+ =ª·||~| ,|·| ~¤-|¤i ª: nº||+- -il- +i l·|---|~|
+ v·||¤ = =-¤l-·|- ¤¸º| ¤|-+|·i +i ~-¤lª·|l- n ¤t| +ti
181
and associates, no adjustments wherever required have
been carried out. In like manner, unrealized profits and
losses resulting from transactions between the parent and
the associates to the extent of the parent's interest in the
associates have not been eliminated. Financial statements
received from these associates form the sole basis for their
incorporation in these consolidated financial statements.
2.2. The difference between cost to the Group of its investment in
the subsidiaries and the group's portion of the equity of the
subsidiaries is recognized as Goodwill/Capital reserve.
2.3. Minority interest in the net assets of consolidated subsidiaries
consist of:
a) The amount of equity attributable to the minority at the
date on which investments in a subsidiary is made, and
b) The minority share of movements in equity since date of
parent-subsidiary relationship came into existence.
A. SIGNIFICANT ACCOUNTING POLICIES FOLLOWED BY THE
PARENT
3. METHOD OF ACCOUNTING:
The Financial Statements have been prepared on the going
concern basis with accrual concept and in accordance with
the accounting policies and practices consistently followed
unless otherwise stated.
4. FIXED ASSETS:
4.1. Fixed assets are stated at historical cost except those premises,
which have been revalued. The appreciation on revaluation is
credited to revaluation reserve and incremental depreciation
attributable to the revalued amount is deducted there-from.
4.2. Depreciation on Assets:
a) Depreciation on assets (including land where value is
not separable) is provided on straight-line method based
on estimated life of the asset.
b) Depreciation on assets has been provided at the rates
furnished below:
In %
Type of Asset Rate of
Depreciation
Land acquired on perpetual lease where no lease period
is mentioned Nil
Land acquired on lease where lease period is mentioned Over lease period
Buildings
• Constructed on free hold land and on leased land, where lease
period is above 40 years 2.50%
• Constructed on leased land where lease period is below 40
years Over lease period
Furniture and fixtures - Steel articles 5.00%
Furniture and fixtures - wooden articles 10.00%
Mattresses 20.00%
Mobile Phone Instruments 33.33%
Machinery, electrical and miscellaneous articles 15.00%
Motor cars and cycles 15.00%
Computers, ATMs and related items 33.33%
Computer Application Software - Intangible Assets
• Up to ` 5,000 Charged to Revenue
• Others 20.00%
~|¤z¤+ ·|| +|: =n|·||- -ti l+¤| ª¤| t :=i v+|· n¸n
¤+/-=+i =nl+- ~-·|lª¤| ~|· -=+i =t|¤+ =ª·||~| +
¤i- t( n-<-| + ¤l·º||nª¤ª¤ ¤=¸ni - t( n|·|/t|l- -·||
=t|¤+ =ª·||~| n ¤+ + lt- +i =in| -+ -ti tº|( ª( t
:- =t|¤+ =ª·||~| = v|-- l¤·-i¤ l¤¤·º| ¤·| :- =nl+-
l¤¤·º| ¤·| n --+ =l-nln- t|- + ln( (+n ~|·||· ¤--
t ¤ ~-n|- ¤|ª-l¤+ lª·|l- = l·|-- t| =+- t
z.z ~-·|ªi +-¤l-¤| n :=+ l-¤z| + =n¸t +i n|ª- -·|| ~-·|lª¤| n
:l+¤ºi + =n¸t + ·||ª + ¤i- + ~-· +| l¤·-i¤ l¤¤·º|¤·| n
º¤|l-/¤¸¤i v|·l-|- l-l·| n|-| ª¤| t
z.s =nl+- ~-·|ªi +i z|z ~|lª-¤| n ~-¤|z| lt- n l---lnlº|-
z||lnn t
+| ~-·|ªi n l¤= l-l·| +| l-¤z| l+¤| ª¤| t -= l-l·| +|
~-¤|z| lt- +| <¤ :l+¤ºi +i ·|lz| -·||
º|| n¸n ¤+ -·|| ~-·|ªi + n·¤ =¤·| ¤-- +i -|·iº| = :l+¤ºi
z|¤· + =-|n-| n ~-¤|z| +| ltª=|
(=¸ ¤n=r ¤¤ çrtr =¤ªr; n; ¤n=r ¬=rr¤ª ªtfa¤r
s. ¬=rr¤ª ¤qfa
nº| -¤l-- ·||·º|| + =|·| l-·--· +|·|¤|· + ~|·||· ¤· -·|| ~-¤·||
-l-nlº|- +| ¤|÷+· nº||+- -il-¤| -·|| ==ª- ~-¤|ln- v·||~|
+ ~-=|· -¤|· l+( ª( t
+. =¤¬ =rfta¤r
:.¡ l¤- ¤l·=·| +| ¤-n¸-¤- t| -+| t --t ¤|÷+· ~-n ~|lª-¤| +|
--+i ¤·-¤·|ª- n|ª- ¤· l<º||¤| ¤|-| t ¤-n¸-¤- ¤· t: ¤lz +|
¤-n¸-¤- ¤|·l-|- l-l¬ n ¤n| l+¤| ¤|-| t ~|· ¤-n¸-¤- ·|lz| n
~|·|-¤ ¤·-| t~| n¸-¤r|= -=n = +n +· l<¤| ¤|-| t
+.z =rfta¤r ¤t n¸r¤çr=
:+| ~|lª-¤| :·|¸ln =lt- ¤t| +in- ~nª - +i ¤| =+-i t||
¤· n¸-¤r|= + ln( v|¤·||- ~|lª- +i v·¤|lz|- ~|¤ + ~|·||·
¤· =i·|i ·º|| ¤zl- + ~-=|· l+¤| ¤|-| t
:º|| (=i ~|lª-¤| ¤· n¸-¤r|= l---lnlº|- <·| ¤· v<|- l+¤| ª¤|
t ·
:% n|
=rfta ¤r ¤¤rt n¸r¤çr=
ªt
¤ln¤|<i ¤º¸º ¤· ni ª: ·|¸ln ¤t| ¤º¸º +i ~¤l·|
+| --nº| -ti t z|¸-¤
¤º¸º + ~|·||· ¤· ni ª: ·|¸ln ¤t| ¤º¸º +i ~¤l·| +| --nº| t ¤º¸º +i ~¤l·| ¤·
·|¤-
• +it|-÷ ~|· ¤º¸º +i ·|¸ln ¤· l-ln- ¤t| ¤º¸º +i
~¤l·| :º ¤·| = ~l·|+ t ..·º%
• ¤º¸º +i ·|¸ln ¤· l-ln - ¤t| ¤º¸º +i ~¤l·| :º ¤·| =
+n t ¤º¸ º +i ~¤l·| ¤·
¤·-i -· ~| · l¤·+-= ªºin ¤ª-( ·.ºº%
¤·-i -· ~| · l¤·+-= n+÷i +i ¤ª-( ¡º.ºº%
ªª .º.ºº%
n|¤|:n ¤·|- -¤+·º| ªª.ªª%
nz|i-·i l¤¤ni +i ~| · l¤l¤·| ¤ª-( ¡·.ºº%
n|º· +|· (¤ =|:+n ¡·.ºº%
+--¤¸º· (ºi(n ~|· =¤l·|- ¤ª-( ªª.ªª%
+--¤¸º· ~-v¤|ª =|¤·¸º¤¤· ~n¸- ~|lª-¤|
• ª¤¤ ·ººº/ -+ ·|¤ª¤ n v·||l·-
• ~-¤ .º.ºº%
182
c) Assets taken over from erstwhile New Bank of India and
Nedungadi Bank Ltd are depreciated based on their
estimated life based on broad groups / categories instead
of individual assets.
d) Depreciation on additions to assets is provided from the
month in which the asset is put to use and in case of
assets sold/disposed of during the year, up to the month
preceding the month in which it is sold/disposed of.
5. ADVANCES:
5.1. Advances are classified as performing and non-performing
assets and provisions are made in accordance with prudential
norms prescribed by RBI.
5.2. Advances are stated net of provisions in respect of non-
performing assets.
5.3. Offices outside India / Offshore Banking Units:
a) Advances are classified under categories in line with those
of Indian Offices.
b) Provisions in respect of advances are made as per the
local law requirements or as per the norms of RBI,
whichever is higher.
5.4 Financial Assets sold are recognized as under:
a) In case the sale is at a price lower than the Net Book
Value (NBV) the shortfall is charged to the Profit and
Loss Account.
b) In case the sale is at a price higher than the NBV, the
surplus provision is retained to meet shortfall/loss on
account of sale of other non-performing financial assets.
5.5 For restructured/rescheduled advances, provisions are made
in accordance with guidelines issued by RBI.
6. INVESTMENTS
6.1 Investments are classified into six categories as stipulated in form
A of the third schedule to the Banking Regulation Act, 1949.
6.2 Investments have been categorized into "Held to Maturity",
"Available for Sale" and "Held for Trading" in terms of RBI
guidelines. Securities acquired by the Bank with an intention
to hold till maturity is classified under "Held to Maturity".
6.3 The securities acquired by the Bank with an intention to trade
by taking advantage of short-term price/ interest rate
movements are classified under "Held for Trading".
6.4 The securities, which do not fall within the above two
categories, are classified under "Available for Sale".
6.5 Transfer of securities from one category to another is carried
out at the lower of acquisition cost/book value/market value
on the date of transfer. The depreciation, if any, on such
transfer is fully provided for.
6.6 In determining acquisition cost of an investment
a. Brokerage / commission received on subscription is
deducted from the cost of securities.
:ª| ¤¸¤¤-i -¤¸ ¤+ ~|¤· :l÷¤| -·|| -<ª÷i ¤+ ln. = ~l¤-
~|lª-¤| + n|nn n v·¤|lz|- ~|¤ ~nª~nª ~|lª- +
=¤·| n ~|+- + ª·||- ¤· n|º -|· ¤· =n¸t|/v¤ª| + ln(
~|+i ª¤i t
:·|| ~|lª-¤| n t( ¤l·¤·|-| + n|nn n n¸-¤r|= +| v|¤·||- --+
v¤|ª n ~|- + n|t = ~|· ¤·| + <|·|- ¤-i/l-¤º| <i ª:
~|lª-¤| + n|nn n v|¤·||- l¤= n|t n ~|lª- ¤-i/l-¤º|:
ª: t -=+ ¤¸¤ n|t -+ l+¤| ª¤| t
s. =fnn
·.¡ ~¤+ ~|· ~-¤+ ~|lª-¤| + ª¤ n ~lªn| ~|· --+ ¤|¤¬|-
·||·-i¤ l·¤¤ ¤+ ,|·| l-¬|l·- l¤¤+i n|-<÷| + ~-=|· l+¤| ¤|-|
t
·.. ~lªn| +i -= ·|lz| +| <z||¤| ¤|-| t ¤| ~-¤+ ~|lª-¤| + ln(
¤|¤¬|- -·|| --+ =¤¬ n ·¤|¤ +| ~n|-¤ +·-/l-nl-¤- ·¤|¤
·|º|- + ¤z-|-¸ z|·| ¤--i t
·.ª ·||·- + ¤|t· +|¤|n¤/~¤-ºi¤ ¤l+ª :+|:¤| ·
+ ~lªn| +| ¤ªi+·º| -- =¤ª| n l+¤| ª¤| t ¤=| ·||·-i¤
+|¤|n¤| + ln( t
º| ~lªn| + =-¤-·| n v|¤·||- ª·||-i¤ +|-¸-i ~¤-||~| +
~-=|· ~·|¤| ·||·-i¤ l·¤¤ ¤+ + n|-<º÷| + ~-=|· ¤| ·|i
~l·|+ t l+( ª( t
·.: ¤-i ª¤i l¤·-i¤ ~|lª-¤| + n|nn n l---¤-¸ ¤t-|- t|ªi ·
+. ¤l< z|z ¤tin¸-¤ = +n n¸-¤ ¤· l¤+i t|-i t -| -= ~--·
+| n|·| ¤ t|l- º||- n ¤·||l·- l+¤| ¤|-| t
º|. ¤l< l¤+i z|z ¤tin¸-¤ = ~l·|+ n¸-¤ ¤· t|-i t -| ~l·|z|·|
v|¤·||- +| ¤-| +· ·º|| ¤|-| t -|l+ ~-¤ ~-¤+ l¤·-i¤
~|lª-¤| +i l¤+i + +|·º| ¤| +ni/t|l- t| -= ¤¸·| l+¤| ¤|
=+
·.· ~lªn| + ¤-ªa-/¤-=¸-i¤z- + n|nn n ·||·-i¤ l·¤¤ ¤+ +
n|ªl-<z|| + ~-=|· v|¤·||- l+( ¤|- t
e. fª¤rr
·.¡ l-¤z|| +| ¤l+ª l¤l-¤n- ~l·|l-¤n ¡º:º +i -i=·i ~-=¸-i +
¤·|n ( n ¤·||l-l<·º ¤t >lº|¤| n ¤ªi|- l+¤| ª¤| t
·.. ·||.l·. ¤+ + n|ªl-<z|| + ~-ª¤ l-¤z|| +| ''¤l·¤+¤-| -+ ·º|
ª('' ''l¤+i t- -¤n··|'' -·|| ''·¤|¤|· t- ·º| ª('' >lº|¤| n
¤ªi|- l+¤| ª¤| t ¤+ ,|·| ¤l·¤+¤-| -+ ·º| ¤|- +i nz|| =
~l¤- vl-·|¸l-¤| +| ''¤l·¤+¤-| -+ ·º|i ª:'' >º|i n ·º|| ª¤| t
·.ª ¤+ ,|·| ~-¤|¤l·| + n¸-¤/·¤|¤ <· v¤l·-¤| +| n|·| -a|- t(
·¤|¤|· t- ·º| ¤|- +i nz|| = ~l¤- vl-·|¸l-¤| +| ''·¤|¤|· t- ·º|
ª('' l-¤z|| n ¤ªi|- l+¤| ª¤| t
·.: ¤| vl-·|¸l-¤| -¤¤+- <|-| >lº|¤| n -ti ~|-i --t ''l¤+i t-
-¤n··|'' >º|i + ~·|i- ¤ªi|- l+¤| ª¤| t
·.· (+ >º|i = <¸=·i >º|i n vl-·|¸l-¤| + ~-·º| ~-·º| +i l-l·| +|
~l·|ªtº| n|ª-/¤tin¸-¤/¤|¤|· n¸-¤ ¤| ·|i +n t| ¤· l+¤| ª¤|
t ¤l< +|: n¸-¤r|= t| -| (= ~-·º| ¤· -=+ ln( ¤¸º| v|¤·||-
l+¤| ¤|-| t
·.· l+=i l-¤z| +i ~l·|ªtº| n|ª- +| l-·||l·- +·- n
+. =¤lª+-z|- ¤· v|-- <n|ni/+niz|- vl-·|¸l-¤| +i n|ª- =
+|ºi ª¤i t
183
b. Brokerage, commission etc. paid in connection with
acquisition of securities are treated as revenue expenses.
c. Interest accrued up to the date of acquisition of securities
i.e. broken - period interest is excluded from the
acquisition cost and the same is accounted in interest
accrued but not due account.
6.7 Investments are valued as per RBI/ FIMMDA guidelines, on
the following basis:
i. Held to Maturity
" Investments under " Held to Maturity " category are carried
at acquisition cost. Wherever the book value is higher than
the face value/redemption value, the premium is
amortized over the remaining period to maturity.
" Investments in subsidiaries/joint ventures/associates are
valued at carrying cost less diminution, other than
temporary, in nature.
" investments in sponsored regional rural banks are valued
at carrying cost.
" Investment in venture capital is valued at carrying cost.
ii. Available for Sale and Held for Trading -
Type of investment Basis of valuation
* Govt. Securities
" Central Govt. Securities At market prices/YTM as published by Fixed
Income Money Market And Derivatives
Association of India (FIMMDA)
" State Govt. Securities On appropriate yield to maturity basis as per
FIMMDA/RBI guidelines.
* Securities guaranteed by Central/ On appropriate yield to maturity basis as
State Government, PSU Bonds per FIMMDA/RBI guidelines
(not in the nature of advances)
* Treasury Bills At carrying cost
* Equity shares At market price, if quoted, otherwise at break
up value of the Shares as per latest Balance
Sheet (not more than one year old),
otherwise at Re.1 per company
* Preference shares At market price, if quoted or on appropriate
yield to maturity basis not exceeding
redemption value as per RBI/FIMMDA
guidelines.
* Bonds and debentures At market price, if quoted, or on appropriate
(not in the nature of advances) yield to maturity basis as per RBI/FIMMDA
guidelines.
* Units of mutual funds As per stock exchange quotation, if quoted;
at repurchase price/NAV, if unquoted
* Commercial paper At carrying cost
* Certificate of Deposits At carrying cost.
* Security receipts of ARCIL At net asset value of the asset as declared
by ARCIL
* Venture Capital Funds At net asset value (NAV) declared by the VCF
* Other Investments At carrying cost less diminution in value.
(if any)
The above valuation in category of Available for Sale and
Held for Trading are done scrip wise and depreciation/
appreciation is aggregated for each classification. Net
depreciation for each classification if any is provided for, while
net appreciation is ignored.
º|. vl-·|¸l-¤| + ~l·|ªtº| + =-¤-·| n =<·- <n|ni +niz|-
~|l< ·|¤ª¤ ·¤¤| + ª¤ n =n¤i ¤|-i t
ª. vl-·|¸l-¤| + ~l·|ªtº| +i l-l·|¤| -+ -¤l-- ·¤|¤ ~·||-¸
º|l÷- ~¤l·| ·¤|¤ ~l·|ªtº| n|ª- = ~nª +· l<¤| ª¤| t
~|· -= ·¤|¤ ·¤¤ + ª¤ n n|-| ª¤| t vl-·|¸l-¤| +i l¤+i
¤· v|-- º|l÷- ~¤l·| ·¤|¤ +| ·¤|¤ ~|¤ n|-| ª¤| t
·. ·||.l·. ¤+/(¤· ~|: (n (n ÷i ( + l<z||l-<z||-=|· l-¤z| +|
n¸-¤- l---lnlº|- ~|¬|· ¤· l+¤| ¤|-| t ·
i¸ ¤ft¤¤¤ar a¤ t=r nq .
• ¤l·¤+¤-| -+ ·º| ª( ¤ª n n¸ -¤- ~¤ - n|ª- ¤· l+¤|
¤|-| t ¤t| ¤tin¸ -¤ ~ l+-/¤l·¤+¤-| n¸ -¤ = ~l·|+ t
¤t| viln¤n ¤l·¤+¤-| +i z| ·| ~¤l·| n ¤l·z|| l·|- l+¤|
¤|-| t
• ~-·|lª¤|/=¤+- -¤n|/=t|¤+ =ª·||~| n l+( ª( l-¤z| +|
n¸-¤|+- ·º||¤ n|ª- n = n¸-¤r|= :~ª·||¤i + ~l-l·+-|
·|º|+· l+¤| ¤|-| t
• v|¤|l¤- -|·|i¤ ª|niº| ¤+| n l+( ª( l-¤z| +| n¸-¤|+-
·º||¤ n|ª- ¤· l+¤| ¤|-| t
• -¤n ¤¸¤i n l-¤z|| +| n¸-¤|+- ·º||¤ n|ª- ¤· l+¤| ¤|-| t
ii¸ f¤at ra s¤¬ªªr aºrr ª¤r¤rt ra t=r nq .
fª¤ rr ¤r ¤¤rt n¸ r¤r ¤ª ¤r =rªrrt
* =·+|·i vl-·|¸l-¤|
• +:i¤ =·+|· +i vl-·|¸l-¤| l¤·+=÷ :-+n n-i n|l+ º (º÷ ÷l·¤lº·=
(=|l=(z|- ~|¤· :l÷¤|¤·~|n(n÷i(| ,|·|
v+|lz|- ¤|¤|· n¸-¤/¤l·¤+¤-| v|l-- ~|·||· ¤·
• ·|-¤ =·+|· +i vl-·|¸l-¤| (¤·~|n(n÷i(/·||.l·. ¤+ n|ª l-<z|| +
~-=|· -¤¤+- ¤l·¤+¤-| v|l-- ~|·||· ¤·
* +:i¤/·|-¤ =·+|· ,|·| ª|·ºiz|<| (¤·~|n(n÷i(/·||.l·. ¤+ n|ª l-<z|| +
vl-·|¸l-¤| =|¤ ¤l-+ -|·| + -¤+n| ~-=|· -¤¤+- ¤l·¤+¤-| v|l-- ~|·||· ¤·
+ ¤|º÷ :~lª n| +i v|l- + -ti|
* º¤·i l¤n ·º||¤ n|ª- ¤·
* :l+¤ºi z|¤· ¤|¤|· n¸-¤ ¤· ¤l< -z- t| ~-¤·|| -¤i--n
-n-¤·| :¤| (+ ¤·| = ¤·|-| - t|| +
~-=|· z|¤·| + ¤ + ~¤ n¸-¤ ¤· ~-¤·|| vl-
+ ¤-i ª. ¡/
* ~l·|n|- z|¤· ¤|¤|· n¸-¤ ¤· ¤l< -z- t| ~·|¤|
(¤·~|n (n÷i( n|ª l-<z|| + ~-=|·
-¤¤+- ¤l·¤+¤-| v|l-- ~|·||· ¤· l+- z||·|-
n¸-¤ = ~-l·|+
* ¤·|¤·| ~|· l÷¤-· ¤|¤|· n¸-¤ ¤· ¤l< -z- t| ~·|¤|
:~lªn| +i v|l- + -ti| (¤·~|n(n÷i( n|ª l-<z|| + ~-=|·
-¤¤+- ¤l·¤+¤-| v|l-- ~|·||· ¤·
* -¤¸-~n ¤·º÷| + ¤¸l-º ªº|+ (+=-¤ + ·||¤ + ~-=|· ¤l< -z-
t|/¤l< -z- - t| -| ¤-º|·i< n¸-¤ ¤·/(-(¤i
¤·
* ¤|lº|l-¤+ ¤¤· ·º||¤ n|ª- ¤·
* ¤n| vn|º| ¤·| ·º||¤ n|ª- ¤·
* (~|·=i~|: (n +i vl-·|¸l- ·=i< (~|·=i~|: (n ,|·| +i ª: ·||·|º|| + ~-=|·
~|lª- + z|z ~|lª- n¸-¤ ¤·
* ¤-· + l¤ºn ¤·÷ ¤-· + l¤ºn ¤·÷ ,|·| +i ª: ·||·|º|| +
~-=|· z|z ~|lª- n¸-¤ ¤·-(¤i|
* ~-¤ l-¤z| ·º||¤ n|ª- n = r|= ·|º|+·
l¤+i t- -¤n··| -·|| ·¤|¤|· t- ·º| ª( ¤ª n -¤¤+- n¸-¤|+-
lª+¤ ¤|· l+¤| ¤|-| t -·|| v·¤+ >º|i n n¸-¤r|=/¤lz ¤ª¤|· +i
¤|-i t ¤¤l¤ z|z n¸-¤r|= ·¤¤lª·|- l+¤| ¤|-| t -·||l¤ z|z ¤lz
<z||¤i -ti ¤|-i
184
6.8 Investments are subject to appropriate provisioning/de-
recognition of income, in line with the prudential norms of
Reserve Bank of India for NPI classification. The depreciation/
provision in respect of non-performing securities is not set
off against the appreciation in respect of the other performing
securities.
6.9 Profit or loss on sale of investments in any category is taken
to Profit and Loss account but, in case of profit on sale of
investments in "Held to Maturity" category, an equivalent
amount is appropriated to "Capital Reserve Account".
6.10 Securities repurchased/resold under buy back arrangement
are accounted for at original cost.
6.11 The derivatives transactions are undertaken for trading or
hedging purposes. Trading transactions are marked to market.
As per RBI guidelines, different category of swaps are valued
as under:
6.11.1 Hedge Swaps
Interest rate swaps which hedges interest bearing asset or
liability is accounted for on accrual basis except the swap
designated with an asset or liability that is carried at market
value or lower of cost in the financial statement.
Gain or losses on the termination of swaps are recognized
over the shorter of the remaining contractual life of the swap
or the remaining life of the asset/liabilities.
6.11.2 Trading Swaps
Trading swap transactions are marked to market with changes
recorded in the financial statements.
6.12. Foreign currency options:
Foreign currency options written by the bank with a back-to-
back contract with another bank is not marked to market
since there is no market risk.
Premium received is held as a liability and transferred to the
Profit and Loss Account on maturity/cancellation.
7 TRANSLATION OF FOREIGN CURRENCY TRANSACTIONS
& BALANCES:
7.1. Except advances of erstwhile London branches which are
accounted for at the exchange rate prevailing on the date of
parking in India, all other monetary assets and liabilities,
guarantees, acceptances, endorsements and other obligations
are translated in Indian Rupee equivalent at the exchange
rates prevailing at the end of the year as per Foreign Exchange
Dealers' Association of India (FEDAI) guidelines.
7.2. Non-monetary items other than fixed assets are translated at
exchange rate prevailing on the date of transaction.
7.3. Forward exchange contracts are translated at the year end
rates notified by FEDAI and the resultant Gain/loss on
evaluation is taken to profit & Loss Account.
7.4. Income and expenditure items are accounted for at the
exchange rate prevailing on the date of transaction.
·.º ·||.l·. ¤+ + (-.¤i.~|:. ¤ªi+·º| + l¤¤+i n|-<÷| + ~-ª¤
l-¤z|| ¤· -¤¤+- v|¤·||-i+·º| -·|| ~|¤ ~n|-¤i+·º| n|ª¸ l+¤
¤|- t ~lª n| + ª¤ n ~-¤ + vl-·|¸ l-¤| + = ¤z n n¸ -¤r|=/v|¤·||-
~-¤ ~¤+ vl-·|¸l-¤| + =¤·| n ¤lz + =n-| =n¤- -ti l+¤|
ª¤| t
·.º l+=i ·|i >º|i + l-¤z|| + l¤+i = t( n|·|/t|l- +| n|·| ¤ t|l-
º||- n n ¤|¤| ¤|-| t l+- ¤l·¤+¤-| t- ·º| ª¤ >º|i + l-¤z||
+i l¤+i = t( n|·| + n|nn n =n--¤ ·|lz| ¤¸¤i v|·l-|- l-l·|
º||- n l¤l-¤|l¤- +i ¤|-i t
·.¡º ¤|¤= º|·i< ·¤¤ª·|| + ~--ª- ¤-º|·i<i ª¤i/¤-· ¤-i ª¤i vl-·|¸l-¤|
+| --+i n¸n n|ª- ¤· ln¤| ¤|-| t
·.¡¡ n-<- ~·|¤| vl-·-|| + v¤|¤- = ·¤·¤-- :÷l·¤lº·¤| n-<-
l+( ª( t ·¤|¤|l·+ n-<- ¤|¤|· n¸-¤ ¤· t ·||·-i¤ l·¤¤ ¤+ +
l<z||l-<z||-=|· ~<n|¤<ni +i l¤l·|-- >lº|¤| +| l---¤-¸ n¸-¤-
l+¤| ª¤| t ·
e.++.+ ¤fat+rr =ª¬r¤ª¬t
·¤|¤ <· ~<n|¤<ni ¤| ·¤|¤ ¤|t+ ~|lª- ~·|¤| < ¤-| +i vl-·-||
+·-| t -¤-¤ ~|·||· ¤· n º|| l+- l+¤| ¤|-| t l+=i ~|lª- ~·|¤|
< ¤-| + =|·| ~l·|lt- ~<n|¤<ni +| ¤| ÷ +· ¤| l¤·-i¤ l¤¤·º|i n
¤|¤|· n¸ -¤ ~·|¤| +n +in- ~·|¤| ¤|¤|· n¸ -¤ ¤· ni ¤|-i t
~<n|¤<ni +i =n|l-- ¤· n|·| ~·|¤| t|l-¤| +| ~<n|¤<ni +
-¤¸--· ¤+|¤| =l¤<|ª- ¤i¤- ~·|¤| ~|lª-/<¤-| +i z|·| ~¤l·| ¤·
n|-¤-| <i ¤|-i t
e.++.z ª¤r¤rft¤ =ª¬r¤ª¬t
·¤|¤|l·+ ~<n|¤<ni n-<- l·+|÷ l+( ª( ¤l·¤--| =lt- l¤·-i¤
l¤¤·lº|¤| n ¤|¤|· n¸-¤ +i -n-| n l-lr- l+¤| ¤|-| t
e.+z f¤ªrrt n)r f¤¤r¤
l+=i ~-¤ ¤+ + =|·| ¤+ º¸ ¤+ +º+º + =|·| ¤+ ,|·| lnlº|-
l¤<z|i n:| l¤+-¤ ¤|¤|· n¸-¤ ¤· -ti t +¤|l+ :=n ¤|¤|· ¤|lº|n
-ti t
v|-- viln¤n +| < ¤-| + ª¤ n ·º|| ª¤| t ~| · ¤l·¤+¤-|/l-·ª-i+·º|
¤· n|·| ¤ t|l- º||- n ~--l·- l+¤| ª¤| t
z. f¤ªrrt n)r = =¤fªra ¬ª-ªªr ¤r ¤ft¤aª =rt rrrr
.¡ ¤¸¤¤-i n<- lª·|- z||º||~| + ~lªn| +| ¤|÷+· l¤-+| ·||·- n
~-·º| +i l-l·| +| n|ª¸ l¤l-n¤ <·| + ~|·||· ¤· ¤l·¤-- l+¤| ª¤|
t ·||·-i¤ l¤<z|i n:| ·¤|¤|·i =·| :¤·÷|:| + n|ªl-<z|| + ~-=|·
¤·| +i =n|l-- ¤· l¤l-n¤ <·| + ~|·||· ¤· n|l:+ ~|lª-¤| n -·||
<¤-|~| ª|·lº¤| ª¤i|l-¤| ¤·a|+-| ¤ ~-¤ <|l¤·¤| +| =n--¤
·||·-i¤ ª¤¤ n ¤l·¤l-- l+¤| ª¤| t
.. ~-n ~|lª-¤| = :-· ª·n|l:+ n<| +| ¤l·¤-- n-<- +i l-l·|
+| v·||¤i l¤l-n¤ <·| ¤· l+¤| ¤|-| t
.ª ¤|¤<| l¤l-n¤ = l¤<|~| +| ·||·-i¤ l¤< z|i n :| ·¤|¤|l·+ = ·| ,|·| ¤·| +
~ - n ~l·|=¸ l-- l¤l-n¤ <· ¤· ¤l·¤l- - l+¤| ¤|-| t ~| · ¤·nª¤ª¤
n¸ -¤| +- ¤· t ( n|·|/t|l- +| n|·| ¤ t|l- º||- n l<º||¤| ¤|-| t
.: ~|¤ -·|| ·¤¤ +i n< n-<- +i -|·iº| +| v-ln- l¤<z|i l¤l-n¤
<· ¤· ¤l·¤l-- +i ¤|-i t
185
7.5. Offices outside India / Offshore Banking Units:
7.5.1. Operations of foreign branches and off shore banking
units are classified as "Non-integral foreign operations"
and operations of representative offices abroad are
classified as "integral foreign operations".
7.5.2. Foreign currency transactions of integral foreign
operations and non-integral foreign operations are
accounted for as prescribed by AS-11.
7.5.3. Exchange Fluctuation on Profit/Loss of non-integral
operations are credited/debited to exchange
fluctuation reserve.
8. TAXES ON INCOME:
Current tax is determined on the amount of tax payable in
respect of taxable income for the year and accordingly
provision for tax is made.
The deferred tax charge or credit is recognized using the tax
rates that have been enacted or substantially enacted by the
Balance Sheet date. In terms of Accounting Standard 22 issued
by ICAI, provision for deferred tax liability is made on the
basis of review at each Balance Sheet date and deferred tax
assets are recognized only if there is virtual certainty of
realization of such assets in future. Deferred tax assets/
liabilities are reviewed at each Balance Sheet date based on
developments during the year.
9. EMPLOYEE BENEFITS:
9.1. PROVIDENT FUND:
Provident fund is a defined contribution scheme as the Bank
pays fixed contribution at pre-determined rates. The
obligation of the Bank is limited to such fixed contribution.
The contributions are charged to Profit & Loss A/c.
9.2. GRATUITY:
Gratuity liability is a defined benefit obligation and is provided
for on the basis of an actuarial valuation made at the end of
the financial year. The scheme is funded by the bank and is
managed by a separate trust.
9.3. PENSION:
Pension liability is a defined benefit obligation and is provided
for on the basis of an actuarial valuation made at the end of
the financial year. The scheme is funded by the bank and is
managed by a separate trust.
9.4. COMPENSATED ABSENCES:
Accumulating compensated absences such as Privilege Leave
(PL) and Sick Leave (including un-availed casual leave) is
provided for based on actuarial valuation.
9.5. OTHER EMPLOYEE BENEFITS:
Other Employee benefits such as Leave Fare Concession (LFC),
Silver jubilee award, Medical Benefits etc. are provided for
based on actuarial valuation.
.· l¤<z|i z||º||(/~¤-ºi¤ ¤l+ª :+|:¤| ·
.·.¡ l¤<z|i z||º|| ~|· ~¤-ºi¤ ¤l+ª ¤¸l-º + ¤l·-|n-| +| ''ª·
=n|+ln- l¤<z|i ¤l·-|n-|'' n ¤ªi|- l+¤| ª¤| t ~|·
l¤<z| n vl-l-l·| +|¤|n¤| + ¤l·-|n-| +| ''=n|+ln-
l¤<z|i ¤l·-|n-|'' + ª¤ n ¤ªi|- l+¤| ª¤| t
.·.. =n|+ln- l¤<z|i ¤l·-|n-| + l¤<z|i n:| n-<-| ~|· ª·
=n|+ln- l¤<z|i ¤l·-|n-| +| nº||+- n|-+¡¡ ,|·| l+¤
ª¤ l-·||·º| + ~-=|· l+¤| ª¤| t
.·.ª ª· =n|+ln- ¤l·-|n-| + n|·| t|l- +| l¤l-n¤ ·|º¤·
v|·l-|- l-l·| n ¤n|/·|º| l+¤| ª¤| t
s. =r¤ ¤t ¤t
¤·| + ln( +· ¤| ·¤ ~|¤ + =-¤-·| n = < ¤ +· +i ·|lz| ¤· -|n¸
+· +| l-·|| ·º| t| -| t -·|| -<- =|· +· + ln( v|¤·||- l+¤|
¤|-| t
~|ª·|lª- +· v·||· ~·|¤| +l÷º +i ¤t-|- -- +· <·| +| :ª-n|n
+·- t( +i ¤|-i t ¤| -n-¤·| l-l·| ,|·| ~l·|l-¤ln- l+( ª(
~·|¤| ¤ª--· ~l·|l-¤ln- l+( ª( ~|: =i ( ~|: ,|·| ¤|·i
nº||+- n|-+ .. +i z|-|·|i- ~|ª·|lª- +· <¤-| + ln( v|¤·||-
v·¤+ -n-¤·| l-l·| ¤· =ni-|| + ~|·||· ¤· l+¤| ¤|-| t ~|·
~|ª·|lª- +· ~|lª-¤| +¤n -·|i n|-¤ t|-i t ¤¤ (=i ~|lª-¤| +i
·|l¤·¤ n ¤=¸ni t|-| ¤|ª-¤ n =l-lz-- t|-| t ~|ª·|lª- +·
~|lª-¤|/<¤-|~| +i ¤-·i-|| ¤·| + <|·|- t: vªl- + ~|·||· ¤·
v·¤+ -n-¤·| l-l·| +| +i ¤|-i t
v. ¤n¤rtt ¬r+r .
v.+ +rf¤r¤ fªfªr
·|l¤·¤ l-l·| (+ =¤l··||l·|- ~z|<|- ¤|¤-| t ~|· ¤+ ¤¸¤ l-·||l·-
<·| ¤· l-lz-- ~z|<|- +| ·|ª-|- +·-| t ¤+ +| <|l¤·¤ (=
l-lz-- ~z|<|- -+ =iln- t ¤ ~z|<|- ¤·| + n|·| ¤ t|l- º||-
n v·||l·- l+( ¤|- t
v.z s¤ªrª
-¤<|- < ¤-| (+ = ¤l··||l·|- n|·| <|l¤·¤ t ~| · l¤·-i¤ ¤·| +
~ - n l+( ª( ¤in| l++ n¸ -¤| +- + ~|·||· ¤· l<¤| ¤|-| t
¤t ¤| ¤-| ¤ + ,|·| l¤·- ¤| l·|- t ~| · (+ ~nª º ªº ,|·| -n|:
¤|-i t
v.s ¤rrª
¤ z|- < ¤-| (+ = ¤l··||l·|- n|·| <|l¤·¤ t ~| · l¤·-i¤ ¤·| +
~ - n l+( ª( ¤in| l++ n¸ -¤| +- + ~|·||· ¤· l<¤| ¤|-| t
¤t ¤| ¤-| ¤ + ,|·| l¤·- ¤| l·|- t ~| · (+ ~nª º ªº ,|·| -n|:
¤|-i t
v.+ +rfa¤¸t¤ =ª¤ftºrfa¤r
-¤l-- -|l-¤¸·+ ~-¤lª·|l-¤| ¤= ~l¤- ¤lº¸º¤| ~|· ¤in|·i +i
¤lº¸º¤| :~v¤+- ~|+lªn+ ¤lº¸º¤|| ¤in|l++ n¸-¤|+- ~|·||· ¤·
<i ¤|-i t
v.s =-¤ ¤n¤rtt ¬r+r
~-¤ +n -|·i n|·| ¤ = ¤ º¸ ºi l+·|¤| l·¤|¤- l=-¤· ¤ ¤ni
~¤|÷ l-l+·=| n|·| :·¤|l< ¤in| l++ n¸ -¤| +- + ~|·||· ¤·
l+( ¤|- t
186
9.6. In respect of overseas branches and offices, the benefits in
respect of employees other than those on deputation are
accounted for as per laws prevailing in the respective
countries.
10. IMPAIRMENT OF ASSETS:
Impairment loss, if any, is recognized in accordance with the
accounting standard issued in this regard by ICAI and
impairment loss on any re-valued asset is treated as a
revaluation decrease.
11. REVENUE RECOGNITION
11.1 Income/expenditure (other than items referred to in
paragraph 11.4) is generally accounted for on accrual basis.
11.2 Income on non-performing assets is recognized on realisation
as per RBI guidelines.
11.3 Recovery in non-performing advances is appropriated first
towards recorded interest and thereafter towards (i) arrears
of instalments in term loans and (ii) principal irregularity in
other accounts. However, recovery in suit filed (including
accounts where recovery is under SARFEASI Act), decreed
accounts and compromise cases is first appropriated towards
principal or as per terms of decree/settlement.
11.4 Commission (excluding on Government Business), interest
on overdue bills, exchange, locker rent, income from merchant
banking transactions, dividend income and insurance claims
are accounted for on realization/settlement.
11.5 Income from interest on refund of income tax is accounted
for in the year the order is passed by the concerned authority.
12. OTHERS:
Interest on unpaid and unclaimed matured term deposits are
accounted for at savings bank rate.
NOTES ON ACCOUNTS
1. The subsidiaries considered in the preparation of the
consolidated financial statements are:
(in %)
Name of the Country of % Voting power
Subsidiary Company incorporation held as at
31st March, 31st March,
2012 2011
1. PNB Gilts Limited* India 74.07 74.07
2. PNB Housing Finance Limited* India 74.00 74.00
3. Punjab National Bank United
(International) Ltd. Kingdom 100.00 100.00
4. PNB Investment Services Ltd. India 100.00 100.00
5. Druk PNB Bank Ltd. Bhutan 51.00 51.00
6. PNB Life Insurance Co. Ltd. India 88.00 88.00
7. PNB Insurance Broking Pvt Ltd India 81.00 81.00
8. JSC SB PNB Kazakhstan Kazakhastan 84.375 63.64
* The financial statements of these companies are subject to receipt of report on completion
of Supplementary Audit by the Comptroller & Auditor General of India, under section 619(3)
of the Companies Act, 1956.
º.· l¤< z|i z||º||~| ~| · +|¤| n¤| + =-¤-·| n vl-l-¤ l+- ¤· ª¤
+n -|l·¤| +| ¤| ÷ +· ~-¤ +n -|l·¤| + =-¤-·| n n|·|| +|
=-¤l-·|- < z|| n v-ln- +|-¸ -| + ~- =|· lt=|¤ n ln¤|
¤|-| t
+o. =rfta¤r ¤t =¤=rnr-¤ar
~¤=|n|-¤ t|l-¤| ¤l< t +i ~|: =i(~|: ,|·| := = ¤ ·| n ¤|·i
n º|| +- n|-+ + ~- =|· ¤t-|- +i ª¤i t ~| · ¤ -n ¸ -¤| l+-
~|lª-¤| ¤· ~-¤ + t|l-¤| +| ¤ -n ¸ -¤- lª·|¤º + ª¤ n n|-|
ª¤| t
++. tr¬t¤ nr-¤ar
¡¡.¡ ~|¤/·¤¤ :¤·| ¡¡.: n =<l·|- n<| = l·|--| +| =|n|-¤-· -¤-¤
~|·||· ¤· nº||l+- l+¤| ¤|-| t
¡¡.. ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| + ~-=|· ~-¤+ ~|lª-¤| =¤·|i
~|¤ +| --+i ¤=¸ni t|- ¤· n|-¤-| <i ¤|-i t
¡¡.ª ~-¤+ ~lªn| n ¤=¸n +i ª¤i ·|lz| +| ¤tn ·¤|¤ l¤=n ~n|-¤
l+¤| ª¤| ·¤|¤/nl-¤- ·¤|¤ -·|| <¤ ·¤|¤ z||lnn t + =¤·| n
-·|| -·¤z-|-¸ :i| ni¤|<i +º|| +i ¤+|¤| l+ª-| -·|| :ii| ~-¤
º||-| n n¸n·|- +i ~l-¤ln--| n l¤l-¤|l¤- l+¤| ¤|-| t ¤t·t|n
<|¤· l+¤ ª¤ <|¤| :-- º||-| =lt- l¤-n =¤·=i ~l·|l-¤n +
~--ª- ¤=¸ni t: t|| l÷+i v|-- º||-| -·|| =n¤|-| + n|nn| n
¤=¸ni +| ¤tn n¸n·|- n ~·|¤| l÷+i =n¤|- +i z|-| + ~-=|·
l¤l-¤|l¤- l+¤| ¤|-| t
¡¡.: +niz|- :=·+|·i +|·|¤|· ¤· ¤|÷+·| ~l-<¤ l¤n| ¤· ·¤|¤
l¤l-n¤ n|+· l+·|¤ n-º ¤l+ª n-<-| = v|-- ~|¤ -¤¸-~n
¤·÷| ¤· n|·||z| ~|¤ ~|· ¤in| <|¤| +| ¤=¸ni/l-¤º|- ¤· nº||l+-
l+¤| ¤|-| t
¡¡.· ~|¤+· + l·¤·÷| ¤· ·¤|¤ + ª¤ n v|-- ~|¤ +| =¤l·|-
v|l·|+|l·¤| ,|·| ¤|l·- ~|<z| + ¤·| n nº||l+- l+¤| ¤|-| t
+z. =-¤
¤l·¤+¤ ln¤|<i ¤n| ·|lz|¤| ¤· ~<·- ·¤|¤ -·|| l¤-| <|¤ +i ·|lz|¤|
+| nº||+- ¤-- ¤+ <·| ¤· l+¤| ¤|-| t
¬=rr ¤t fºt¤f¢r¤r
¡. =nl+- l¤·-i¤ l¤¤·º|¤·|| n l¤- ~-·|lª¤| ¤· l¤-|· l+¤| ª¤| t
¤ l---lnlº|- t ·
:% n|
=ªrrnt ¤r ªrn ¤rr nfaa r; fªrªf¬f=ra fafºr¤r ¤r
ªrrfta ¤farra narfªr¤rt
31.03.2012 31.03.2011
1. ¤i(-¤i lª-º= lnlnº÷* ·||·- 74.07 74.07
2. ¤i(-¤i t|-l=ª ¤·|:-= lnlnº÷* ·||·- 74.00 74.00
3. ¤¤|¤ -z|-n ¤+ ¤¸.+.
::º·-z|-n| lnlnº÷ 100.00 100.00
4. ¤i(-¤i :-¤ªºnº =l¤=¤ lnlnº÷ ·||·- 100.00 100.00
5. ÷+ ¤i(-¤i ¤+ ln. ·|¸º|- 51.00 51.00
6. ¤i(-¤i ¤i¤- ¤in| +. ln. ·||·- 88.00 88.00
7. ¤i(-¤i ¤in| ¤|l+ª v|. ln. ·||·- 81.00 81.00
8. ¤(==i (=¤i ¤i(-¤i +¤|lº|ª-|- +¤|lº|ª-|- 84.375 63.64
* :- +|¤| n¤| + l¤·-i¤ l¤¤·º| ¤·| +-¤-i ~l·|l-¤n ¡º·· +i ·||·| ·¡º :ª| + ~--ª -
·||·- + l-¤-·|+ (¤ nt|n º||¤·i-|+ ,|·| ~- ¤¸ ·+ n º||¤·i-|| ¤¸ ·i t| - ¤· l·¤| º +i v|l-- +
~·¤·|i- t
187
2. Associates considered in consolidated financial statements
are as under:
(in %)
Name of the Country of Proportion of ownership
Associate Company incorporation percentage as at
31st March, 31st March,
2012 2011
1. Madhya Bihar Gramin Bank India 35 35
2. Haryana Gramin Bank India 35 35
3. Himachal Gramin Bank India 35 35
4. Punjab Gramin Bank India 35 35
5. Rajasthan Gramin Bank India 35 35
6. Sarva UP Gramin Bank India 35 35
7. Assets Care & Reconstruction
Enterprise Ltd. India 30 30
8. Everest Bank Ltd. Nepal 20 20
9. Principal PNB Asset
Management Co. Pvt. Ltd. India 30 30
10. Principal Trustee Co. Pvt. Ltd. India 30 30
11. India Factoring & Finance
Solutions Pvt Ltd. India 30 30
Footnote:
2.1 Everest Bank Ltd. follows accounting year different from that
of the Parent.
2.2 The bank's share in the following Associates have been
considered in the accounts on the basis of un-audited financial
statements received for the year 2011-12
a) Principal Trustee Co. Pvt. Ltd.
b) Principal PNB Asset Management Co. Pvt. Ltd.
c) Assets Care Enterprises Ltd.
d) Everest Bank Ltd. Nepal
2.3 During the year ended 31.03.2012, the bank's stake in JSC
SB PNB Kazakhistan has increased from 63.64% to 84.375%
2.4 The break-up of Capital Reserve/Goodwill is as follows:-
(` in Crores)
Particulars As on As on
31.03.2012 31.03.2011
Goodwill 0.23 0.23
Capital Reserves 66.76 55.19
Goodwill (Net) 0.00 0.00
Capital Reserve on Consolidation 66.53 54.96
2.5 Bank during the year raised as Perpetual bonds/
subordinated debt as Tier I and Tier II Capital respectively
as under:
(` in Crores)
Particulars As on As on
31.03.2012 31.03.2011
Amount of subordinated debt raised as Lower
Tier-II Capital during the year NIL NIL
Amount of subordinated debt raised as Upper
Tier-II Capital during the year NIL 500.00
Amount of perpetual bonds raised as
Tier-I Capital during the year NIL NIL
.. =nl+- l¤·-i¤ l¤¤·º| ¤·|| + ln( l---lnlº|- =t¤|ªi =ª·||~| ¤·
l¤-|· l+¤| ª¤| t ·
:% n|
=r¤r nt ¤r¤ªt ¤r ªrn f¤= ª rr fªrªf¬f=ra fafºr¤r
n nfaa r; ¤r t¤rfn-¤ ¤r ¤farra
31.03.2012 31.03.2011
1. n·¤ l¤t|· ª|niº| ¤+ ·||·- 35 35
2. tl·¤|º|| ª|niº| ¤+ ·||·- 35 35
3. ltn|-n ª|niº| ¤+ ·||·- 35 35
4. ¤¤|¤ ª|niº| ¤+ ·||·- 35 35
5. ·|¤ª·||- ª|niº| ¤+ ·||·- 35 35
6. =¤ ¤¸¤i ª|niº| ¤+ ·||·- 35 35
7. ~=º= +¤· (º÷ l·+ªº+z|-
(-º·v|:¤ ln. ·||·- 30 30
8. (¤·ªº ¤+ lnlnº÷ -¤|n 20 20
9. lvl=¤n ¤i(-¤i (=º
n-¤nº +. v|. ln. ·||·- 30 30
10. lvl=¤n ºªºi +. v|. ln. ·||·- 30 30
11. :l÷¤| ¤·+ºl·ª (÷ ¤·|:-|=
=|-¤¸z|¤ v|. ln. ·||·- 30 30
¤rª fºt¤¢rt
..¡ (¤·ªº ¤+ lnlnº÷ +| nº||+- ¤·| tn|· ¤+ = l·|-- t
... ¤·| .º¡¡¡. + ln( l---lnlº|- =t¤|ªi +-¤l-¤| = v|-- ª·
nº||¤·il-|- l¤·-i¤ l¤¤·º| ¤·|| + ~|·||· ¤· nº|| n ¤+ + z|¤·
+ l¤·|¤ n l¤-|· l+¤| ª¤| t
+. lvl=¤n ºªºi +-¤-i v|.ln.
º|. lvl=¤n ¤i(-¤i ~=º n-¤nº +-¤-i v|.ln.
ª. ~=º¸= +¤· (º·v|:l¤¤ ln.
·|. (¤·ªº ¤+ ln. -¤|n
..ª ª¡.ºª..º¡. +| =n|-- ¤·| + <| ·|- ¤ + - ¤ (==i (=¤i ¤i(-¤i
+¤ |lº|ª-|- ¤ + n ·ª.·:% = ¤· |+· º:.ª·% ·|lz| <| ¤ ¤· nª|: t
..: ¤¸¤i v|·l-|- l-l·|/=|º| +| l¤¤·º| l---lnlº|- t ·
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
¤t ftºrfa ¤t ftºrfa
=|º| 0.23 0.23
¤¸¤i v|·l-|- l-l·| 66.76 55.19
=|º| :z| z| 0.00 0.00
=n+- ¤· ¤¸¤i v|·l-|- l-l·| 66.53 54.96
z.e ¤rr ¤ ªrtrª ¤¤ ª ¤fn¤rªt ¤ªr¤·r.nr¢r sªrrtr ¤ =¤ n
anrr. ºt¤t-ì =rt ºt¤t-ìì ¤¸¬t fªrª¤a¸ ¬ºr; rì
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
¤r ¤r
¤·| + <|·|- n|~· ºi¤· ¤¸¤i + ª¤ n
¤º|: ª: ª|º| +º| +i ·|lz| z|¸-¤ z|¸-¤
¤·| + <|·|- ~¤· ºi¤· ¤¸¤i + ª¤ n
¤º|: ª: ª|º| +º| +i ·|lz| z|¸-¤ 500.00
¤·| + <|·|- ºi¤· ¤¸¤i + ª¤ n
¤º|: ª: ¤ln¤|<i ¤·|¤·|| +i ·|lz| z|¸-¤ z|¸-¤
188
3 The capital adequacy ratio (Basel I and Basel II) of the
bank group is:
Basel I Basel II
31.03.2012 31.03.2011 31.03.2012 31.03.2011
CRAR (%) 12.30% 12.29% 13.12% 13.01%
CRAR - Tier I capital (%) 8.96% 8.33% 9.56% 8.82%
CRAR - Tier II capital (%) 3.34% 3.96% 3.56% 4.19%
4. Disclosures required by Accounting Standards
4.1 AS 5 - Prior Period and Change in Accounting Policy
There were no material prior period income/expenditure items
requiring disclosure under AS-5.
4.2 AS 6 - Depreciation accounting
Break up of total depreciation for the year for each class of assets
(` in Crores)
Particulars (Class of Assets) Year ended Year ended
31.03.2012 31.03.2011
Premises 10.19 8.26
Other fixed assets 273.52 235.98
Leased assets 0.07 0.06
Computer software 18.63 20.29
Total 301.77 264.59
4.3 AS 9 - Revenue Recognition
The income which has been accounted on realization basis
are not considered to be material.
4.4 AS 11- Changes in foreign exchange rates:
Movement of Exchange Fluctuation Reserve
(` in Crores)
Particulars Amount
Balance as at 1st April 2011 0.00
Credited during the period 1.4.11 to 31.03.2012 34.94
Withdrawn during the period 0.00
Balance as at 31.03.2012 34.34
4.5 AS 15 - Employees Benefits:
ADOPTION OF AS - 15(R):
The Bank has adopted Accounting Standard 15(R) - Employee
Benefits, issued by the Institute of Chartered Accountants of
India (ICAI), with effect from 1st April 2007.
The Bank recognizes in its books of accounts the liability arising
out of Employee Benefits as the sum of the present value of
obligation as reduced by fair value of plan assets on the Balance
Sheet date.
In case of Other Long term employee benefits (LFC, Sick leave,
Silver Jubilee Award etc.) the transitional liability outstanding
for these benefits as on 01.04.2011 was ` 43.60 crores. The
same has been charged to Profit & Loss account during the
current year.
ª. ¤ + =n¸ t +| ¤¸ ¤i ¤¤| ---| ~- ¤|- :¤ =n ~| · ¤ =n| l---lnlº|-
t ·
¤=¬-ì ¤=¬-ìì
31.03.2012 31.03.2011 31.03.2012 31.03.2011
=i~|·(~|· (%) 12.30% 12.29% 13.12% 13.01%
=i~|·(~|· ºi¤· ¤¸¤i (%) 8.96% 8.33% 9.56% 8.82%
=i~|·(~|· ºi¤· ¤¸¤i (%) 3.34% 3.96% 3.56% 4.19%
+. ¬=rr nrª¤r çrtr =¤f+ra ¤¤ºt¤t¢r
+.+ ¬=rr nrª¤-s ¤¸¤ =¤fªr =rt ¬=rr¤ª ªtfa n ¤ft¤aª
nº|| n|-+· + ~·|i- +|: nt·¤¤¸º| ¤¸¤~¤l·| ~|¤/·¤¤ +|
v+ºi+·º| ~¤l-|- -ti t
+.z ¬=rr nrª¤ e . n¸r¤çr= ¬=rr f¤fªr
¤·| n ~|lª-¤| + v·¤+ ¤ª + ln( l+( ª( n¸-¤r|= +| ·¤|·|
:` +·|÷ n|
f¤¤t¢r (=rfta v¢rt¸ 31.03.2012 31.03.2011
¤r =nrta ¤rr ¤r =nrta ¤rr
¤l·=· 10.19 8.26
~-¤ ~-n ~|lª-¤| 273.52 235.98
¤º¸º ¤|ni ~|lª-¤| 0.07 0.06
+--¤¸º· =|º¤¤· 18.63 20.29
¤|÷ 301.77 264.59
+.s ¬=rr nrª¤ v - tr¬t¤ ¤r¤rª
l¤= ~|¤ +| ¤=¸ni + ~|·||· ¤· nº||l+- l+¤| ª¤| t -=
nt·¤¤¸º| -ti n|-| ª¤| t
+.+ ¬=rr nrª¤ ++ - f¤ªrrt f¤fªn¤ ªtr n ¤ft¤aª .
l¤<z|i l¤l-n¤ --|· -·|¤ l-l·| +i ·|º¤·
:` +·|÷ n|
f¤¤t¢r trfrr
º¡ ~v n .º¡¡ +| z|·| 0.00
º¡.º:..º¡¡ = ª¡.ºª..º¡. +i ~¤l·| n l+¤| ª¤| +l÷º 34.94
~¤l·| + <| ·|- ~|tl·- 0.00
ª¡.ºª..º¡. +| z|·| 34.34
+.s ¬=rr nrª¤-+s ¤n¤rtt ¬r+r .
¬=rr nrª¤-+s (=rrrfªra¸ ¤r =nt¤t¢r .
¤+ - º¡.º:..ºº = ·||·-i¤ =-<i nº||+|· =ª·||- ,|·| ¤|·i nº||
n|-+¡· :=z||l·|-| +n-|·i n|·| +| ~ªi+|· l+¤| t
¤+ - nº||¤lt¤| n -n-¤·| l-l·| +| ¤|¤-| ~|lª-¤| + -l--
n¸-¤ +| ·|º|+· <¤-| + ¤-n|- n¸-¤ +i ·|lz| + ª¤ n +n-|·i
n|·|| = ~|¤i <¤-| +| n|-¤ l+¤| t
~-¤ <i·||¤l·| +n-|·i n|·|n(¤·=i ¤in|·i +i ¤º¸ºi l=-¤·
¤¤ni ~¤|÷ :·¤|l<| t|- +i lª·|l- n º¡.º:..º¡¡ +| :- n|·|| +
ln( ¤+|¤| =+nº| <¤-| ` :ª.·º +·|÷ ·|i -|n¸ ¤·| + <|·|- :=
n|·| ¤ t|l- º||- n v·||l·- l+¤| ¤| -+| t
189
OPENING OF PENSION OPTION TO EMPLOYEES AND
ENHANCEMENT IN GRATUITY LIMITS
During the year 2010-11 the Bank reopened the pension
option for such of its employees who had not opted for the
pension scheme earlier. As a result of exercise of which by
33982 employees, the bank has incurred a liability of `2757.65
crores. Further during the year 2010-11 the limit of gratuity
payable to the employees of the banks was also enhanced
pursuant to the amendment to the Payment of Gratuity Act,
1972. As a result the gratuity liability of the Bank has increased
by `566.00 crores. These Liabilities were calculated on the
basis of actuarial valuation..
In terms of the requirements of the Accounting Standard (AS)
15, Employee Benefits, the entire of ` 3323.65 crores.
(` 2757.65 cr. + ` 566.00 cr.) were required to be charged to
the Profit and Loss Account. However, the RBI has issued a
circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated 9th
February 2011, on "Re-opening of Pension Option to Employees
of Public Sector Banks and Enhancement in Gratuity Limits-
Prudential Regulatory Treatment". In accordance with the
provisions of the said Circular, the Bank had charged off ` 664.73
crores representing one-fifth of ` 3323.65 crores to Profit &
Loss Account for this year (` 664.73 crore already charged in
previous year). In terms of the requirements of the aforesaid
RBI circular, the balance amount carried forward, i.e. ` 1994.19
crores. (` 3323.65 cr- ` 1329.46 cr.) does not include any liability
relating to separated/retired employees. Such balance amount
carried forward has been grouped in Schedule 5 under head
"Others" and correspondingly in Schedule 11 under 'Others' and
will be charged off in subsequent years.
DISCLOSURE IN ACCORDANCE WITH AS-15(R):
In line with the accounting policy and as per the Accounting
Standard - 15(R), the summarized position of post employment
benefits are recognized in the Profit & Loss A/c and Balance
Sheet as under:
I Principal Actuarial Assumption at the Balance sheet
date (expressed as weighted averages)
(in %)
Acturial Assumptions Pension Gratuity Leave Encashment
(Funded) (Funded) (Unfunded)
31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011 31.03.2012
Discount Rate 8.45% 8.80% 8.17% 8.60% 8.17% 8.60%
Expected Return on
Plan Assets 8.56% 8.61% 8.59% 8.61% - -
Rate of Escalation In salary 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Attrition Rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
¤n¤rft¤r ¤ f¬q ¤rrª f¤¤r¤ =rr¬ªr aºrr s¤ªrª =tnr n
¤ fq
¤·| .º¡º¡¡ + <|·|- ¤+ - ~¤- -- +n-|l·¤| + ln( ¤z|-
l¤+-¤ º||n l<¤| l¤-t|- ¤tn ¤z|-¤|¤-| + ~--ª- l¤+-¤ -ti
l<¤| ·|| := l¤+-¤ +| v¤|ª l+¤ ¤|- + ¤·nª¤ª¤ ªªºº.
+n-|l·¤| + +|·º| ¤+ +i <¤-| ª¤¤ .·.·· +·|÷ t: t :=+
~n|¤| ¤·| .º¡º¡¡ + <|·|- -¤<|- ·|ª-|- ~l·|l-¤n ¡º. n
=z||·|- + ¤·nª¤ª¤ +n-|l·¤| +| <¤ -¤<|- +i ¤+ +i =in| ·|i
¤· ª¤i ·|i :=+ ¤·nª¤ª¤ ¤+ +i -¤<|- <¤-| n ···.ºº +·|÷
+i ¤lz t: :- <¤-|~| +i ªº|-| ¤in|l++ n¸-¤|+- + ~|·||· ¤·
+i ¤|-i t
n º|| n|-+¡· +n -|·i n|·| +i ~¤ -||~| + ~- =|· ª¤¤
ªª.ª.·· +·| ÷ +i =nª ·|lz| :ª¤¤ .·.·· +·| ÷ - ª¤¤ ···.
ºº +·| ÷ | n|·| ¤ t|l- º||- n v·||l·- l+¤| ¤|-| ~¤ l-|- ·||
¤t·t|n ·||·-i¤ l·¤¤ ¤+ - ''=|¤¤l-+ -|·| + ¤+| + +n-|l·¤|
+ ln( ¤ z|- l¤+-¤ ¤ -· º|| n-| -·|| -¤<|- =in|~| n ¤ lz
l¤¤ +¤¸ º| l¤l-¤|n+ = ·¤¤t|·'' l¤·|¤ ¤· l<-| + º ¤··¤·i .º¡¡
+| ¤l·¤·| = º¤| ÷i¤i~| ÷i.¤i¤i.÷i=i.ºº/.¡.º:.º¡º/.º¡º¡¡ ¤|·i
l+¤| t -+- ¤l·¤·| + v|¤·||-| + ~- =|· ¤ + - ª¤¤ ªª.ª.··
+·| ÷ + ¤| -¤ ltª= + ¤·|¤· +i ·|lz| ª¤¤ ··:.ª +·| ÷ +|
¤·| + n|·| ¤ t|l- º||- n v·||l·- l+¤| ·|| :` ··:.ª +·| ÷
l¤¤n ¤·| ¤ ·||l·- l+( ¤| - + t | ·||·-i¤ l·¤ ¤ ¤ + + -¤¤ +-
¤l·¤·| +i ~¤ -||~| + ~- =|· ~|ª n ¤|¤i ª¤i z| ·| ·|lz| ~·|| -¸
` ¡ºº:.¡º +·| ÷ :` ªª.ª.·· +·| ÷ ` ¡ª.º.:· +·| ÷ | +i
·|lz| n ~nª t (/= ¤|l-¤ ·- +n -|l·¤| = =-¤z +| : < ¤-| z||lnn
-ti t ~|ª n ¤|¤i ª¤i ( =i z| ·| ·|lz| +| ~- =¸ -i· + ''~-¤''
z|i·| -·|| ~- =¸ -i ¡¡ + '~-¤' z|i·| + ~--ª - =n¸ t n ·º||
¤|¤ ª| ~| · ¤·¤-i ¤·|| n -= ¤ ·||l·- l+¤| ¤|¤ ª|
¬=rr nrª¤-+s (=rrrfªra¸ ¤ =ª=rt ¤¤ºt¤t¢r
nº||+- -il- + ~-ª¤ -·|| nº|| n|-+ ¡· :=z||l·|-| + ~-=|·
+n-|·i n|·| + ¤|< +i =|··|¸- lª·|l- + ~-=|· n|·|| +| n|·| ¤
t|l- º||- ¤ -n-¤·| n l---lnlº|- ª¤ = n|-| ¤|-| t ·
I a ¬ª¤·r fafºr ¤r f¤ f=¤¬ ¤tnr f¤¤ ªrrt¢rrq (ªrrfta =r =a
¤ =¤ n ª¤¤a¸
:% n|
¤tnrf¤¤ ªrrt¢rrq ¤rrª s¤ªrª øº¸ºt ª¤ªt¤t¢r
(fªfªr¤¸ (fªfªr¤¸ (n tfªfªr¤¸
31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011 31.03.2012
l÷ª+|-º <· 8.45% 8.80% 8.17% 8.60% 8.17% 8.60%
¤|¤-| ~|lª-¤| +
vl-¤·n +i = ·||l¤- <· 8.56% 8.61% 8.59% 8.61% - -
¤-- ¤lz <· 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
r|= (Attrition) <· 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
190
II Changes in the present value of the obligations (PVO)
Reconciliation of Opening and closing balances
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 01.04.2011 10590.72 2398.74 1033.40
Interest Cost 876.69 188.56 79.55095
Current Service Cost 1352.10 142.53 34.7016
Benefits paid (431.27) (181.69) (119.50)
Actuarial loss / (gain) on obligations
(Balancing Figure) (719.44) 8.06 73.94
Present value of Obligation, 31.03.2012 11668.83 2556.20 1102.09
III Changes in the Fair Value of Plan Assets-
Reconciliation of opening and closing balances:
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
FAIR value of Plan Assets, 01.04.2011 8449.60 1945.94 -
Expected return on Plan assets 771.39 172.27 -
Contributions 1555.27 300.86 118.59
Benefits Paid (431.27) (181.69) (119.50)
Acturial (loss) / gain on Plan Assets
(Balancing Figure) (153.08) (21.07) (0.91)
FAIR value of Plan Assets, 31.03.2012 10191.91 2216.31 -
IV Actual Return on Plan Assets
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Expected return on Plan Assets 771.39 172.27 -
Acturial (loss) / gain on Plan Assets (153.08) (21.07) -
Actual Return on Plan Assets 618.31 151.20 -
V Net Actuarial (Gain) / loss Recognized
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Actuarial (loss) / gain on obligations 719.44 8.06 73.94
Actuarial (loss) / gain on Plan Assets 153.08 21.07 0.91
Net Actuarial (gain) or loss recognized in year (566.36) 29.13 74.85
II ªrf¤-¤r ¤ ¤anrª n¸r¤ n ¤ft¤aª-=ºr aºrr ;fa rrrrr ¤r
=nrªrrª
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
<|l¤·¤ +| ¤- n|- n¸-¤ º¡.º:..º¡¡ 10590.72 2398.74 1033.40
·¤|¤ n|ª- 876.69 188.56 79.55095
-|n¸ =¤| n|ª- 1352.10 142.53 34.7016
v<·- n|·| (431.27) (181.69) (119.50)
<|l¤·¤| ¤· ¤in|l++ t|l-/:n|·||
:lnn|- l+( ª( ~|+÷| (719.44) 8.06 73.94
<|l¤·¤ +| ¤- n|- n¸-¤ ª¡.ºª..º¡. 11668.83 2556.20 1102.09
III. ¤r¬ªr =rfta¤r ¤ sf¤a n¸r¤ n ¤ft¤aª- =ºr aºrr ;fa
rrrrr ¤r =nrªrrª
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
¤|¤-| ~|lª-¤| +| -l-- n¸-¤ º¡.º:..º¡¡ 8449.60 1945.94 -
¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n 771.39 172.27 -
¤ + ,|·| ~z|<|- +n -|·i 1555.27 300.86 118.59
v<·- n|·| (431.27) (181.69) (119.50)
¤|¤-| ~|lª-¤| ¤· ¤in|l++ :t|l-|/n|·|
:lnn|- l+( ª( ~|+÷| (153.08) (21.07) (0.91)
¤|¤-| ~|lª-¤| +| -l-- n¸-¤ ª¡.ºª..º¡. 10191.91 2216.31 -
IV. ¤r¬ªr =rfta¤r ¤t ¤rtaf¤¤ ¤fa¤·¬
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n 771.39 172.27 -
¤|¤-| ~|lª-¤| ¤· ¤in|l++ :t|l-|/n|·| (153.08) (21.07) -
¤|¤-| ~|lª-¤| ¤· ¤|ª-l¤+ vl-¤·n 618.31 151.20 -
V. nr-¤ ¤tnrf¤¤ (¬r+r¸.rrfª
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
<|l¤·¤ ¤· ¤in|l++ :t|l-|/n|·| 719.44 8.06 73.94
¤|¤-| ~|lª-¤| ¤· ¤in|l++ :t|l-|/n|·| 153.08 21.07 0.91
n|-¤ z|z ¤in|l++ :n|·|| ~·|¤| t|l- (566.36) 29.13 74.85
191
VI Amount recognized in Balance Sheet and related
analysis
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 31.03.2012 11668.83 2556.20 1102.09
FAIR value of Plan Assets, 31.03.2012 10191.91 2216.31 0
Difference 1476.92 339.89 1102.09
Unrecognized Past Service cost -
vested benefits - Carried Forward (1654.59) (339.60) 0
Negative amount determined under
Paragraph 55 of AS-15 (R) (177.67) - -
Present value of available future refunds
and reductions in future contributions 177.67 - -
Asset recognized as per Limit under
paragraph 59 (b) of AS-15 ( R ) 177.67 - -
Liability Recognized in the Balance Sheet - 0.29 1102.09
VII. Expenses recognized in the Profit & Loss A/c
(Amount ` in Crore)
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Current Service Cost 1352.10 142.53 34.70
Interest Cost 876.69 188.56 79.55
Expected return on Plan assets (771.39) (172.27) 0
Net Actuarial (gain) or loss recognized
in year (566.33) 29.13 74.84
Past Service Cost- (vested benefits)
Recognized 551.53 113.20 0
Expense Recognised in Statement of
Profit & Loss 1442.60 301.15 189.10
VIII Movement in Net Liability to be recognized in Balance
Sheet
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Opening Net Liability (65.00) 0 1033.40
Expense 1442.60 301.15 189.10
Contributions Paid (1555.27) (300.86) (118.59)
Closing Net Liability (Liability recognized
in B/S in current period (177.67) 0.29 1103.91
VI. a¬ª¤·r n nr-¤ trfrr =rt =¤q f¤r¬rr¢r .
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
<|l¤·¤| +| ¤- n|- n¸-¤ ª¡.ºª..º¡. 11668.83 2556.20 1102.09
¤|¤-| ~|lª-¤| +| -l-- n¸-¤ ª¡.ºª..º¡. 10191.91 2216.31 0
~-· 1476.92 339.89 1102.09
~n|-¤ l¤ª- =¤| n|ª-
ª · l-lt- n|·| ~|ª n ¤|¤| ª¤| (1654.59) (339.60) 0
nº||n|-+ ¡· :=z||l·|-| + ¤ ·| ··
+ ~-ª - -+|·|·n+ ·|lz| (177.67) - -
-¤n··| ·||¤i +º| -i ~| · ¤|¤=i +
~z|<|- +| ¤- n|- n¸-¤ 177.67 - -
nº|| n|-+ ¡· :=z||l·|-| + ¤ ·| ·º º|
+ ~--ª- n|-¤ ~|lª-¤| 177.67 - -
-n-¤·| n n|-¤ <¤-| - 0.29 1102.09
VII. ¬r+r ¤ rrfª =rra n nr-¤ ª¤¤
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
-|n¸ =¤| n|ª- 1352.10 142.53 34.70
·¤|¤ n|ª- 876.69 188.56 79.55
¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n (771.39) (172.27) 0
¤·| n z|z n|-¤ ¤in|l++ :n|·||
~·|¤| t|l- (566.33) 29.13 74.84
n|-¤ l¤ª- =¤| n|ª-
:l-lt- n|·|| 551.53 113.20 0
n|·| ¤ t|l- l¤¤·º|i n
n|-¤ ·¤¤ 1442.60 301.15 189.10
VIII. a¬ª¤·r n rrq nr-¤ ª¤ar n rrº-¤z
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
v|·l-·|+ z|z <¤-| (65.00) 0 1033.40
·¤¤ 1442.60 301.15 189.10
v<·- ~z|<|- (1555.27) (300.86) (118.59)
~l-n z|z <¤-| :-|n¸ ~¤l·| n
-n-¤·| n n|-¤ <¤-|| (177.67) 0.29 1103.91
192
IX Amount for the current Period
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 31.03.2012 11668.83 2556.20 1102.09
FAIR value of Plan
Assets, 31.03.2012 10191.91 2216.31 0
Surplus / (Deficit) (1476.92) (339.89) (1102.09)
Experience Adjustments in Plan
Liabilities -(loss) / Gain 22.29 75.90 (99.65)
Experience Adjustments in Plan
Assets (loss) / gain (153.08) (21.07) (1.82)
X Major Categories of Plan Assets (as percentage of
Total Plan Assets)
(In Percentage)
Particulars Pension Gratuity
(Funded) (Funded)
Government Of India Securities 23.33 22.22
State Govt Securities 25.49 28.94
High Quality Corporate Bonds 25.23 28.36
Equity Shares of listed companies 0.00 0.00
Property 0.00 0.00
Special deposit scheme 8.80 0.00
Funds managed by Insurer 0.00 6.87
Other- Bank Deposits and CDs 17.15 13.61
TOTAL 100.00 100.00
XI BEST ESTIMATE OF CONTRIBUTION DURING NEXT
YEAR
(Amount ` in Crore )
Particulars Pension Gratuity
(Funded) (Funded)
Bank's best estimate of Contribution during next year 1200.00 250.00
XII Other Long Term employee benefits (Unfunded)
(Amount ` in Crore )
Particulars Leave Silver Sick Leave
Fare Jublee including
concession Bonus casual leave
(unfunded) (Unfunded) (Unfunded)
Present Value of Obligation 119.56 12.80 219.88
Opening Balance of Transitional Liability 18 1.80 24
Transitional Liability recognized in the year 18 1.8 24
Closing Balance Of Transitional Liability 0 0 0
Liability Recognized in balance Sheet 119.56 12.80 219.90
IX. ¤anrª =¤fªr ¤ f¬q trfrr
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
<|l¤·¤| +| ¤- n|- n¸-¤ ª¡.ºª..º¡. 11668.83 2556.20 1102.09
¤|¤-| ~|lª-¤| +| -l--
FAIR n¸-¤ ª¡.ºª..º¡. 10191.91 2216.31 0
~l·|z|·|/:·||º|| (1476.92) (339.89) (1102.09)
¤|¤-| <¤-|~| ¤· =·||l¤-
=n|¤|¤- :t|l-|/n|·| 22.29 75.90 (99.65)
¤|¤-| ~|lª-¤| ¤· =·||l¤-
=n|¤|¤- :t|l-|/n|·| (153.08) (21.07) (1.82)
X. ¤r¬ªr =rfta¤r ¤t ¤n=r vf¢r¤r (¤¬ ¤r¬ªr =rfta¤r ¤
¤farra ¤ =¤ n¸
:%|
f¤¤t¢r ¤rrª s¤ªrª
(fªfªr¤¸ (fªfªr¤¸
·||·- =·+|· +i vl-·|¸l-¤| 23.33 22.22
·|-¤ =·+|·| +i vl-·|¸l-¤| 25.49 28.94
--- ªº|¤·-| ¤|n +|¤|·º ¤|º÷ 25.23 28.36
=¸-i¤z +-¤l-¤| + :l+¤ºi z|¤· 0.00 0.00
=¤l·- 0.00 0.00
l¤z|·| ¤n| ¤|¤-|( 8.80 0.00
¤in|+·- | ,|·| v¤l·|- l-l·|¤| 0.00 6.87
~-¤ ¤ + ¤n|·|lz|¤| -·|| ¤n|vn|º|¤·| 17.15 13.61
¬rz 100.00 100.00
XI. =rnrnt ¤rr ¤ ªrtrª =rrªrª ¤r vraan =ªnrª
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª
(fªfªr¤¸ (fªfªr¤¸
~|ª|ni ¤·| + <| ·|- ~z|<|- +| ¤ + +| >·a-n ~-n|- 1200.00 250.00
XII. =-¤ ªtrrr¤fªr ¤n¤rtt ¬r+r (ntfªfªr¤¸
:·|lz| ` +·|÷ n|
f¤¤t¢r ø º¸ ºt f=¬¤t =r¤ftn¤
ª¤ªt¤t¢r ¬¤¬t øº¸ºt =fra
(ntfªfªr¤¸ ¤rª= ¤tnrtt ¤t
(ntfªfªr¤¸ øº¸ºt
(ntfªfªr¤¸
<|l¤·¤ +| ¤-n|- n¸-¤ 119.56 12.80 219.88
=+nº|z|in <¤-| +| v|·l-·|+ z|·| 18 1.80 24
¤·| + <|·|- n|-¤ =+nº|z|in <¤-| 18 1.8 24
=+nº|z|in <¤-| +| ~l-n z|·| 0 0 0
-n-¤·| n n|-¤ <¤-| 119.56 12.80 219.90
193
XIII Basis of Actuarial Assumption Considered
Particulars Basis of assumption
Discount rate Discount rate has been determined by reference to
market yields on the balance sheet date on Government
Bonds of term consistent with estimated term of the
obligations as per para 78 of AS15R.
Expected rate of return The expected return on plan assets is based on market
on plan assets expectations, at the beginning of the period, for returns
over the entire life of the related obligation.
Rate of escalation in salary The estimates of future salary increases considered in
actuarial valuations taking into account inflation,
seniority, promotion and other relevant factors
mentioned in paras 83-91 and 120(I) of AS15R.
Attrition rate Attrition rate has been determined by reference to past
and expected future experience and includes all types
of withdrawals other than death but including those due
to disability.
4.6 SEGMENT REPORTING FOR THE YEAR ENDED 31ST
MARCH 2012
(As compiled by the management and relied upon by
Auditors)
( ` in Lacs)
S. Particulars YEAR ENDED YEAR ENDED
No. 31.03.2012 31.03.2011
(Audited) (Audited)
(Consolidated) (Consolidated)
i. Segment Revenue
a) Treasury 874484 651345
b) Corporate/Wholesale Banking 1934958 1402132
c) Retail Banking 1267031 986559
d) Other Banking Operations 92209 80624
Total 4168682 3120660
ii. Segment Results
a) Treasury 87716 78745
b) Corporate/Wholesale Banking 650427 532636
c) Retail Banking 424137 365407
d) Other Banking Operations 22677 29683
Total 1184957 1006471
iii. Unallocated Expenses 102606 81445
iv. Operating Profit 1082351 925026
v. Provision for Tax 219648 217861
vi. Extraordinary Items – –
vii. Share of Earnings in Associates (Net) 7768 8105
viii. Minority Interest 2703 2191
ix. Net Profit 502546 457473
Other Information:
x. Segment Assets
a) Treasury 13305485 9925690
b) Corporate/Wholesale Banking 22865776 18771848
c) Retail Banking 9635206 8969263
d) Other Banking Operations 879556 606953
Sub Total 46686023 38273754
e) Unallocated Assets 358516 354627
Total Assets 47044539 38628381
XIII. f¤¤rt ¤t n¤t ¤tnrf¤¤ ªrrt¢rr=r ¤r =rªrrt
f¤¤t¢r ªrrt¢rr ¤r =rªrrt
l÷ª+|-º <· =z||l·|- nº|| n|-+ =º¤| ¡· + ~-=|· <|l¤·¤ +i
~-n|l-- z|- + ~-ª¤ =·+|·i ¤·| ¤·|| ¤· -n-¤·| +i
l-l·| +| ¤|¤|· v|l--¤| + =<·| ,|·| l-lz--¸ l÷ªº|-º <·
-¤ +i ª: t
¤|¤-| ~|lª-¤| + vl-¤·n ¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n <· =¤l·|- <|l¤·¤ +i
+i =·||l¤- <· ¤¸·i ~|¤ + l·º-| + ln( ~¤l·| + ~|·-·| n ¤|¤|·
=·||¤-|~| ¤· ~|·||l·- t
¤-- n ¤lz +i <· ·||¤i ¤-- ¤lz + ~-n|-| + ln( +n -|·i ¤|¤|· n
~|¤¸l- (¤ n|ª ¤= =¤z ·|º+| ntª|: ¤l··a-| ¤<|--l-
~|l< ¤· ¤in|l++ n¸-¤|+- ¤· =z||l·|- nº|| n|-+ =º¤|
¡· + ¤ ·| =º¤| ºªº¡ ~| · ¡.º :I|+ ~-=|· l¤-|·
l+¤| ª¤| t
r|= <· l-+|=i <· +| l-·|| ·º| l¤¤n ~| · =·||l¤- ·||¤i ~-·|¤|
=<·| ,|·| l+¤| ª¤| t ~|· -=n n·¤ +| ¤|÷+· l+-
~z|+--| + +|·º| t: ~-¤ =·|i v+|· +i l-+|l=¤|
=l-nln- t
+.e s+ nr¤ zo+z ¤r =nrta ¤rr ¤ f¬q =r¢z¤rt ft¤rfºn
:v¤-·|- ,|·| -¤|· +i ª¤i -·|| nº||¤·i-|+| ,|·| -= ¤· l¤z¤|=
l+¤| ª¤||
:·|lz| n|º| ` n|
a. f¤¤t¢r 31.03.2012 31.03.2011
=. ¤r =nrta ¤rr ¤r =nrta ¤rr
(¬=rr¤ttf+ra¸ (¬=rr¤ttf+ra¸
(=n f¤a¸ (=n f¤a¸
i. =r z¤rt tr¬t¤
+| º¤·i 874484 651345
º|| +|¤|·º/t|n=n ¤l+ª 1934958 1402132
ª| l·ºn ¤l+ª 1267031 986559
·|| ~-¤ ¤ l+ª ¤l·-|n- 92209 80624
¤|÷ 4168682 3120660
ii. =r z¤rt ¤ft¢rrn
+| º¤·i 87716 78745
º|| +|¤|·º/t|n=n ¤l+ª 650427 532636
ª| l·ºn ¤l+ª 424137 365407
·|| ~-¤ ¤ l+ª ¤l·-|n- 22677 29683
¤|÷ 1184957 1006471
iii. ª · ~|¤lº- ·¤¤ 102606 81445
iv. ¤l·-|n- n|·| 1082351 925026
v. +· t- v|¤·||- 219648 217861
vi. ~=|·||·º| n< – –
vii. =t|¤+ =ª·||~| n ~¤-| +| ~z| 7768 8105
viii. ~-¤|z| lt- 2703 2191
ix. z|z n|·| 502546 457473
=-¤ =¸ ¤ªr
x. =r z¤rt =rfta¤r
+| º¤·i 13305485 9925690
º|| +|¤|·º/t|n=n ¤l+ª 22865776 18771848
ª| l·ºn ¤l+ª 9635206 8969263
·|| ~-¤ ¤ l+ª ¤l·-|n- -¤ ¤|÷ 879556 606953
s¤ ¬rz 46686023 38273754
÷| ª· ~|¤lº- ~|lª-¤| 358516 354627
+ n ~|lª-¤| 47044539 38628381
194
xi. =r z¤rt ª ¤arq
+| º¤·i 12397032 9396516
º|| +|¤|·º/t|n=n ¤l+ª 21721637 17892955
ª| l·ºn ¤l+ª 9059396 8395543
·|| ~-¤ ¤ l+ª ¤l·-|n- -¤ ¤|÷ 827953 577553
s¤ ¬rz 44006018 36262567
÷| ª· ~|¤lº- <¤-|( 118137 104348
+n <¤-|( 44124155 36366915
-|º · l¤¤ni ~¤l·| + ~|+÷| +| ¤·||¤z¤+ ·¤¤ ~|¤º- + ~|·||· n ¤l·¤- - +· ¤-· =n¸t-/¤-·
>º|i¤z l+¤| ª¤| t
nr ¢r =r z
-¸l+ ·||·- + ¤|t· +| n- <- ¡º% +i v|·l-·|+ =in| = +n t ~-· ª| º| º|÷¤|· =¸--| l<¤| ¤|-|
~¤l-|- -ti t
+.z +rrtat¤ =ªªt ¬=rr¤rt =tºrrª çrtr ¬rtt =rrrfªra ¬=rr nrª¤ -
+s ¤ =ª=rt ¤¤ºt¤t¢r
=¤l·|- ¤|lº¤| + -|n -·|| ¤+ + =|·| --+ =¤·|
n=¤ ¤¤ªrª ¤rfn¤ .
+. >i + ~|· +|n- ~·¤-| (¤ v¤·| l-<z|+
º|. >i (n ¤i. º|+=|n +|¤¤|n+ l-<z|+ :.º.º·..º¡¡ -+|
ª. >i ·|+z| =ai +|¤¤|n+ l-<z|+
·|. >in-i -·|| ~- -= ¤ nº¤- +|¤ ¤|n+ l-< z|+ :¡º.º..º¡¡ = |
=ªrrfn¤r .
i| ¤i(-¤i lª-º= lnlnº÷
ii| ¤i(-¤i t|-l=ª ¤·|:-|= lnlnº÷
iii| ¤¤|¤ -z|-n ¤+ ::º·-z|-n| lnlnº÷ ¤¸.+.
iv| ¤i(-¤i :-¤ªºnº =l¤=¤ lnlnº÷
v| ÷+ ¤i(-¤i ¤+ lnlnº÷
vi| ¤i(-¤i :z¤|·= ¤|l+ª v|:¤º lnlnº÷
vii| ¤i(-¤i ¤i¤- ¤in| +-¤-i lnlnº÷
viii| ¤(==i (=¤i ¤i(-¤i +¤|lº|ª-|-
=r¤rnt =tºrrq
i| (¤·ªº ¤+ ln.
ii| lvl=¤n ¤i(-¤i ~=º n-¤nº +-¤-i v|.ln.
iii| lvl=¤n ºªºi +-¤-i v|.ln.
iv| ~=º= +¤· (º÷ l·+ªº+z|-¤ (º·v|:¤ ln.
v| :l÷¤| ¤·+ºl·ª (º÷ ¤·|:-|= =|-¤¸z|¤ v|.ln.
vi| n·¤ l¤t|· ª|niº| ¤+ ¤º-|
vii| tl·¤|º|| ª|niº| ¤+ ·|t-+
viii| ltn|-n ª|niº| ¤+ nº÷i
ix| ¤¤|¤ ª|niº| ¤+ +¤¸··|n|
x| ·|¤ª·||- ª|niº| ¤+ ~n¤·
xi| =¤ ¤¸¤i ª|niº| ¤+ n·a
xi. Segment Liabilities
a) Treasury 12397032 9396516
b) Corporate/Wholesale Banking 21721637 17892955
c) Retail Banking 9059396 8395543
d) Other Banking Operations 827953 577553
Sub Total 44006018 36262567
e) Unallocated Liabilities 118137 104348
Total Liabilities 44124155 36366915
Note: Figures of the previous period have been re-grouped / reclassified wherever necessary
on change in basis of allocation of expenditure
Secondary Segment :
As the operations outside India are less than the threshold limit of 10%, secondary
segment information has not been required to be furnished.
4.7 Disclosure of Related Parties as per AS -18 issued by ICAI
Names of the related parties and their relationship with the
Bank:
Key Management Personnel:
i) Shri K. R. Kamath, Chairman & Managing Director
ii) Shri M.V. Tanksale, Executive Director (upto 28.06.2011)
iii) Shri Rakesh Sethi, Executive Director
iv) Ms. Usha Ananthasubramanian (w.e.f. 19.07.2011)
Subsidiaries
i) PNB Gilts Ltd.
ii) PNB Housing Finance Ltd.
iii) Punjab National Bank (International) Ltd., UK
iv) PNB Investment Services Ltd
v) Druk PNB Bank Ltd.
vi) PNB Insurance Broking Pvt Ltd.
vii) PNB Life Insurance Company Ltd.
viii) JSC SB PNB Kazakhstan
Associates:
i) Everest Bank Limited
ii) Principal PNB Asset Management Company Pvt. Ltd.
iii) Principal Trustee Company Private Limited
iv) Assets Care & Reconstructions Enterprise Ltd.
v) India Factoring & Finance Solutions Pvt Ltd
vi) Madhya Bihar Gramin Bank, Patna
vii) Haryana Gramin Bank, Rohtak
viii) Himachal Gramin Bank, Mandi
ix) Punjab Gramin Bank, Kapurthala
x) Rajasthan Gramin Bank, Alwar
xi) Sarva UP Gramin Bank, Meerut
195
=¤fªra ¤rfº¤r = ¬ª ªª*
nª. n¸¬** =ªrrfn¤r ** =r¤rnt.=¤¤a n=¤ ¤¤ªrª n=¤ ¤¤ªrª ¤rn
=¤fªra (t¤rfn-¤ =ºr¤r sun ¤rfn¤ ¤rfn¤r ¤
¤rºt fª¤·r¢r ¤ =ª=rt¸ ftraªrt
2011-12 =fªr¤an 2011-12 =fªr¤an 2011-12 =fªr¤an 2011-12 =fªr¤an 2011-12 =fªr¤an 2011-12 =fªr¤an
¤¤r¤r ¤¤r¤r ¤¤r¤r ¤¤r¤r ¤¤r¤r ¤¤r¤r
trfrr trfrr trfrr trfrr trfrr trfrr
¤|l·>ln+ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- 58.03 n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 58.03 58.03
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- (59.42) n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (59.42) (59.42)
-·||· n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- - - - -
¤n|·|lz|¤| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 2364.72 10461.30 59.37 67.45 0.54 5.52 2424.63 10534.27
(6.11) (7639.98) (19.12) (36.93) (0.41) (0.75) (25.64) (7677.66)
¤n|·|lz|¤| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 4298.21 4298.21 4298.21 4298.21
+| l-¤| ¤- (00.00) (2428.94) (00.00) (2428.94)
~lªn n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 36917.21 37815.72 0.00 0.00 0.00 0.00 36917.21 37815.72
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (12770.62) (13752.76) (0.00) (0.46) (0.00) (0.00) (12770.62) (13753.22)
z|¤· ¤¸¤i n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 9407.00 n|ª¸ -ti 5.33 n|ª¸ -ti -- -- 9412.33 n|ª¸ -ti
n l-¤z| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (7907.00) (n|ª¸ -ti) -- -- -- -- (7907.00) (n|ª¸ -ti)
+º| ¤·|| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- -- -- -- -- -- --
n l-¤z| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (0.00) (0.00) -- -- -- -- -- --
ª·l-l·|+ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (0.00) (0.00) -- -- -- -- -- --
vl-¤z-|(
-¤·||ª +i ª: -- -- -- -- -- -- -- -- -- -- -- --
nil¤ª/t|¤·
¤-¤ ·¤¤ª·||(
v|¤·||- +i ª: -- -- -- -- -- -- -- -- -- -- -- --
nil¤ª/t|¤·
¤-¤ ·¤¤ª·||(
~-n ~|lª-¤| -- -- -- -- -- -- -- -- -- -- -- --
+| +¤
~-n ~|lª-¤| -- -- -- -- -- -- -- -- -- -- -- --
+i l¤+i
-¤·||ª +i ª: -- -- -- -- -- -- -- -- -- -- -- --
nil¤ª/t|¤·
¤-¤ ·¤¤ª·||(
v<·- ·¤|¤ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 106.73 n|ª¸ -ti 1.99 n|ª¸ -ti 0.04 n|ª¸ -ti 107.60 n|ª¸ -ti
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (193.10) (n|ª¸ -ti) (0.45) (n|ª¸ -ti ) (0.02) (n|ª¸ -ti) (193.10) (n|ª¸ -ti)
v|-- ·¤|¤ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 1670.13 n|ª¸ -ti -- -- -- -- 1670.13 n|ª¸ -ti
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (523.02) (n|ª¸ -ti) -- -- -- -- (523.02) (n|ª¸ -ti)
=¤|( v|-- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- n|ª¸ -ti -- -- -- -- -- n|ª¸ -ti
+·-|
=¤|( v<|- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- -- -- -- -- -- --
+·-| (0.46) (n|ª¸ -ti) -- -- -- -- (0.46) (n|ª¸ -ti)
v¤ ·|- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 25.00 n|ª¸ -ti -- -- -- -- 25.00 n|ª¸ -ti
=l¤<|( (25.00) (n|ª¸ -ti) -- -- -- -- (25.00) (n|ª¸ -ti)
v|-- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 715.67 n|ª¸ -ti -- -- -- -- 715.67 n|ª¸ -ti
n|·||z| (313.34) n|ª¸ -ti -- -- -- -- (313.34) n|ª¸ -ti
* v¤-·|- ,|·| - ¤|· -·|| vn|lº|-
:+|·a+| n l<( ª( ~|+÷ l¤¤n ¤·| + t|
** ~-·|lª¤| ~| · +¤ =t¤|ªi =ª·||~| + =|·| t( n-<- +| v+ºi+·º| nº|| n|-+ ¡º ''=-¤l-·|- ¤|ºi v+ºi+·º|'' + ¤ ·| º + nª-¤· -ti l+¤| ª¤| t ¤| ·|-¤ ,|·| l-¤l·|- -¤n|
+| --+i (=i ~-¤ =-¤l-·|- ¤|lº¤| = n-<- n = l+=i = =-¤l-·|- =¸--| <- = ¤¸º <-| t ¤| ·|-¤ ,|·| l-¤l·|- t|
196
Transactions with Related Parties*
Items/ Parent** Subsidiaries** Associates/ Key Management Relatives of Key Total
Related (as per ownership Jt ventures Personnel Management
Party or control) Personnel
2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum
amount amount amount amount amount amount
outstanding outstanding outstanding outstanding outstanding outstanding
Remuneration N.A N.A N.A N.A -- -- 58.03 NA NA NA 58.03 58.03
N.A N.A N.A N.A -- -- (59.42) NA NA NA (59.42) (59.42)
Borrowings N.A N.A N.A N.A -- -- - - - -
Deposits N.A N.A N.A N.A 2364.72 10461.30 59.37 67.45 0.54 5.52 2424.63 10534.27
(6.11) (7639.98) (19.12) (36.93) (0.41) (0.75) (25.64) (7677.66)
Placement of N.A N.A N.A N.A 4298.21 4298.21 4298.21 4298.21
Deposits (00.00) (2428.94) (00.00) (2428.94)
Advances N.A N.A N.A N.A 36917.21 37815.72 0.00 0.00 0.00 0.00 36917.21 37815.72
N.A N.A N.A N.A (12770.62) (13752.76) (0.00) (0.46) (0.00) (0.00) (12770.62) (13753.22)
Investments in N.A N.A N.A N.A 9407.00 N.A 5.33 N.A -- -- 9412.33 N.A
share capital N.A N.A N.A N.A (7907.00) (N.A) -- -- -- -- (7907.00) (N.A)
Investments in N.A N.A N.A N.A -- -- -- -- -- -- -- --
debentures N.A N.A N.A N.A (0.00) (0.00) -- -- -- -- -- --
Non funded N.A N.A N.A N.A (0.00) (0.00) -- -- -- -- -- --
Commitments
Leasing/HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
availed
Leasing/HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
provided
Purchase of -- -- -- -- -- -- -- -- -- -- -- --
fixed assets
Sale of -- -- -- -- -- -- -- -- -- -- -- --
Fixed Assets
Leasing/HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
availed
Interest paid N.A N.A N.A N.A 106.73 N.A 1.99 NA 0.04 NA 107.60 N.A
N.A N.A N.A N.A (193.10) (N.A) (0.45) (NA) (0.02) (NA) (193.10) (N.A)
Interest received N.A N.A N.A N.A 1670.13 N.A -- -- -- -- 1670.13 N.A
N.A N.A N.A N.A (523.02) (NA) -- -- -- -- (523.02) (NA)
Receiving of N.A N.A N.A N.A -- NA -- -- -- -- -- NA
Services
Rendering of N.A N.A N.A N.A -- -- -- -- -- -- -- --
Services (0.46) (NA) -- -- -- -- (0.46) (NA)
Management N.A N.A N.A N.A 25.00 N.A -- -- -- -- 25.00 N.A
contracts (25.00) (NA) -- -- -- -- (25.00) (NA)
Dividend N.A N.A N.A N.A 715.67 N.A -- -- -- -- 715.67 N.A
received (313.34) N.A -- -- -- -- (313.34) N.A
*As compiled and certified by the management.
(Figures in brackets relate to previous year)
**The transactions with the subsidiaries and certain associates have not been disclosed in view of para-9 of AS-18 'Related Party Disclosure', which exempts state controlled enterprises from making
any disclosures pertaining to their transactions with other related parties, which are also state controlled.
197
+.s ¤º¸ºr ¤ f¬q ¬=rr¤ª - ¬=rr nrª¤ +v
f¤-at¤ ¤º¸º .
+| l¤·-i¤ ¤º¸º ¤· ni ª: ~|lª-¤| +| v|·l-·|+
n¸-¤ ~|· ~-¤ ~-n ~|lª-¤|
:¤·-i-· ¤ l¤·+=-· =lt-| · ` :¡.·· n|º|
:= ¤· ª¡.ºª..º¡. -+ v|¤·||-
+i ª: n¸-¤r|= +i ·|lz| · ` ªº..º n|º|
ª¡.ºª..º¡. +| ~¤lnlº|- n¸-¤ · ` ..ª n|º|
º|| (+ ¤·| = ~-l·|+ n -¤¸--n =<¤ ¤º¸º| ·|ª-|- ·
-¤¸--n ¤º¸º| ·|ª-|- · ` ..ª n|º|
-¤¸--n ¤º¸º| ·|ª-|- +| ¤-n|- n¸-¤ · ` ¡.¡ n|º|
-¤¸--n ¤º¸º| ·|ª-|- n =l-nln- ·¤|¤ · ` ¡..º n|º|
ª| (+ ¤·| = ~l·|+ l+-- · ¤·| = ~-l·|+ n <¤ -¤¸--n ¤º¸º|
·|ª-|- ·
-¤¸--n ¤º¸º| ·|ª-|- · ` º.ºº n|º|
-¤¸--n ¤º¸º| ·|ª-|- +| ¤-n|- n¸-¤ · ` º.ºº n|º|
-¤¸--n ¤º¸º| ·|ª-|- n =l-nln- ·¤|¤ · ` º.ºº n|º|
·|| · ¤·| + ¤|< <¤ -¤¸--n ¤º¸º| ·|ª-|- · z|¸-¤
÷| ¤l·-|n- ¤º¸º ¤· =¸--| +| l-·||·º| -ti t~| t
+.v ¬=rr nrª¤ zo . ¤fa rr¤t =¬ª
:`|
f¤¤t¢r 31.03.2012 31.03.2011
¤r ¤r
vl- z|¤· ~¤ -
n¸ n 148.71 145.08
--|- * 148.71 145.08
+· + ¤z-|-¸ ~z| :-¤¸n·º·| + ª¤ n
-¤¤|ª +i ª: ·|lz| (` +·|÷ n) 5025.46 4574.73
z|¤·| +| ~l+- n¸-¤ 10/- vl- z|¤· 10/- vl- z|¤·
t· :l÷-|ln-º·| + ª¤ n -¤¤|ª l+( ª(
:l+¤ºi z|¤·| +i ·||l·- ~| =- =º¤| 33,91,78,683 31,53,19,044
* +|: --|- =·||·¤ z|¤· -ti t
+.+o ¬=rr nrª¤ - zz . =r¤ ¤t ¤tr ¤ =¤ªr n ¬=rr¤ª
~|ª·|lª- +· ~|lª-¤| -·|| <¤-|~| + vnº| ·|º+ l---lnlº|- t ·
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
¤t ftºrfa ¤t ftºrfa
=rtºrfna ¤t =rfta¤r
~z||·¤ (¤ =l<··| +º|| + ln( v|¤·||- 10.52 9.39
¤º¸ºi -+<i+·º| + ln( v|¤·||- 445.34 400.91
¤z|- ¤ -¤<|- + ln( v|¤·||- 0.10 0.00
·||·| :ª ¤i + ~--ª - =|l¤l·|+ <¤-| 1.82 1.41
~-¤ 3.52 3.27
¤|÷ 461.30 414.98
=rtºrfna ¤t ª¤arq
~-n ~|lª-¤| ¤· n¸-¤r|= 28.48 28.83
·||·| :ª ¤i + ~--ª - =|l¤l·|+ <¤-|( 0.00 0.00
~-¤ 0.00 0.00
¤|÷ 28.48 28.83
=rtºrfna ¤t =rfta¤r.(ª¤ar¸ - rrq 432.82 386.15
4.8. Accounting for Leases - AS 19
Financial Leases:
a. Original value of assets acquired on financial
lease and included in other fixed assets
(including furniture and fixture): ` 41.65 lakhs.
The amount of depreciation provided
upto 31.03.2012thereon: ` 39.28 lakhs.
The written down value as on 31.03.2012:
` 2.37 lakhs
b. Minimum Lease Payment due not later than one year:
Min. Lease Payment ` 2.37 lakhs
Present value of Min. Lease Payment ` 1.17 lakhs
Intt. Included in Min. Lease payment ` 1.20 lakhs
c. Minimum Lease Payment due later than one year but
not later than five years:
Min. Lease Payment ` 0.00 lakhs
Present value of Min. Lease Payment ` 0.00 lakhs
Interest included in Min. Lease payment ` 0.00 lakhs
d. Minimum Lease Payment due later than five years: NIL
e. Information on operating lease is not ascertained
4.9 AS 20 - Earnings Per Share
(`)
Particulars As on As on
31.03.2012 31.03.2011
Earning per Share
Basic 148.71 145.08
Diluted * 148.71 145.08
Amount used as numerator Profit
after tax (` In Crores) 5025.46 4574.73
Nominal value of shares 10/- per share 10/- per share
Weighted average number of equity shares
used as the denominator 33,91,78,683 31,53,19,044
* There are no diluted potential shares.
4.10 AS 22 - Accounting for Taxes on Income
Major components of deferred tax assets and liability are set
out below:
(` in Crore )
Particulars As on As on
31.03.2012 31.03.2011
Deferred Tax Assets
Provision for bad & doubtful debts 10.52 9.39
Provision for leave encashment 445.34 400.91
Provision for Pension & Gratuity 0.10 0.00
Statutory Liabilities u/s 43B 1.82 1.41
Others 3.52 3.27
Total 461.30 414.98
Deferred Tax Liabilities
Depreciation on fixed assets 28.48 28.83
Statutory Liabilities u/s 43B 0.00 0.00
Others 0.00 0.00
Total 28.48 28.83
Deferred Tax Assets/ (Liability) - Net 432.82 386.15
198
¤i(-¤i t|-l=ª ¤·|:-= lnlnº÷ + =-¤-·| n ·||·-i¤ =-<i nº||+|·
=ª·||- +i l¤z|·|a =n|t+|· =lnl- + n- n ¤t ~¤l-|- t l+
+-¤-i ~|¤+· ~l·|l-¤n ¡º·¡ +i ·||·| ª· :¡| :viii| + ~--ª -
=l¤- +i ª¤i l¤z|·| v|·l-|- l-l·| ¤· ~|ª·|lª- +· <¤-| + ln(
v|¤·||- +| =¤- +· -¸l+ ¤t n- ¤|·¤+|·i -ti t -·|| t|-l=ª
l¤·-i¤ +-¤l-¤| + ¤i- n -n ·ti ¤-n|- v·|| + ~-=|· +-¤-i
- (=| v|¤·||- -ti l+¤| t
+.++ ¬=rr nrª¤ zs . =rfta¤r ¤r =ª¬ª (;r¤¤tnº¸
¤+ +i ~|lª-¤| n ¤¤|-- ltª=| l¤·-i¤ ~|lª-¤| +| t l¤-¤· nº||
n|-+ .º ''~||lª-¤| +| ~-¤-'' n|ª¸ -ti t ¤+ +i ·|¤ n :=+i
~|lª-¤| :l¤-¤· n|-+ n|ª¸ t|-| t| +i -+- n|-+ +i z|- +
~·|i- ~¤l-|- ¤t-|- + ln¤ ª¡ n|- .º¡. +| l+=i nt·¤¤¸º|
=in| -+ ~-¤+ -ti t
+.+z ¬=rr nrª¤ zv . ¤r¤ªrrª, =r¤ftn¤ ª¤arq =rt =r¤ftn¤
=rfta¤r .
i. ª¤ar=r ¤ f¬q ¤r¤ªrrªr n rrº-¤z*
:` +·|÷ n|
f¤¤t¢r ¤aª =n=ra ¤t ¤ra¤ta ¤rª¸ªt nrn¬.
¤ =-ana ¤aª ¤¤r¤r =r¤ftn¤arq
¡ ~v n .º¡¡ +| z|·| 0.78 27.83
~¤l·| + <| ·|- v|¤·||- 0.83 5.65
~¤l·| + <| ·|- v¤+- ·|lz|¤| 0.00 0.00
~¤l·| + <| ·|- ¤nºi ª¤i ·|lz| 1.55 4.10
ª¡ n|- .º¡. +| z|·| 0.06 29.38
¤ltª n-/~l-lz---| +| =n¤ ¤|ª-l¤+ ·|ª-|- =n¤| -|
t|- ¤· ~·|¤| ¤l·º|l-
¤· ¤ltªn-
* ~-¤ + ln( v|¤·||- +| ¤|÷+·
ii. ¬r+r ¤ rrfª =rra n ª¤¤ rrtrr ¤ =-ana fª=rrq nq
´´¤r¤ªrrªr ¤ =r¤ftn¤ar=r'' ¤r f¤¤t¢r fªrªf¬f=ra r .
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
¤r =nrta ¤rr ¤r =nrta ¤rr
l-¤z| ¤· n¸-¤r|= + ln( v|¤·||- 235.09 162.72
~-¤ + ~|lª-¤| + ln( v|¤·||- 2478.04 2049.23
~-¤ + ~|lª-¤| + ln( +n|lºª v|¤·||-
:·||·-i¤ l·¤¤ ¤ + + v|¤·||-i+·º|
n|-<º÷| = ~l·|+| 0.00 0.00
n|-+ ~|lª-¤| + ln( v|¤·||- 509.67 262.52
~|¤+· + ln( l+¤| ª¤| v|¤·||-
¤· ¤i ºi -·|| =¤<|+· =lt-| 2196.49 2178.61
~-¤ v|¤·||- (¤ ~|+lªn+-|( 429.41 81.58
¬rz 5848.70 4734.66
In respect of PNB Housing Finance Ltd., as per the opinion
of the expert advisory committee of the ICAI, the company
is required to create provision of the deferred tax liability on
special reserve created and maintained under section-36(1)
(viii) of the Income Tax Act 1961. Since the opinion is not
binding and also as per prevalent practice amongst Housing
Finance Companies, the company has not made such
provision.
4.11AS 28 - Impairment of Assets
A substantial portion of the bank's assets comprise of 'financial
assets' to which Accounting Standard 28 'Impairment of Assets'
is not applicable. In the opinion of the bank, there is no
impairment of its assets (to which the standard applies) to
any material extent as at 31st March 2012 requiring
recognition in terms of the said standard.
4.12AS 29 - Provisions, Contingent Liabilities and Contingent
Assets
i. Movement of provisions for liabilities*
(`. in crore)
Particulars Salary arrears Legal cases/
under negotiation contingencies
Balance as at 1st April 2011 0.78 27.83
Provided during the year 0.83 5.65
Amounts used during the year 0.00 0.00
Reversed during the year 1.55 4.10
Balance as at 31st March 2012 0.06 29.38
Timing of outflow/uncertainties On actual Outflow on
payment. settlement or
crystallization.
* Excluding provisions for others
ii Break up of "Provisions and Contingencies" shown
under the head Expenditure in Profit and Loss
Account is as follows:
(` in Crore )
Particulars Year ended Year ended
31.03.2012 31.03.2011
Provisions for depreciation on investment 235.09 162.72
Provision towards NPAs 2478.04 2049.23
Floating provisions for NPAs
(over and above RBI
provisioning norms) 0.00 0.00
Provision towards Standard Assets 509.67 262.52
Provision made towards Income Tax
(including FBT & Wealth Tax) 2196.49 2178.61
Others Provision & Contingencies 429.41 81.58
Total 5848.70 4734.66
199
+.+s ¤¬rfºn ¤r¤ªrrªr ¤r f¤¤t¢r fªrªf¬f=ra r .
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
º¡.º:..º¡¡/º¡.º:..º¡º +| v|·l-·|+ z|·| 1075.36 1075.36
¤·| + <| ·|- l+¤ ª¤ +n|lºª v|¤·||- +i n|·|| NIL NIL
¤·| + <| ·|- ~|tl·- ·|lz| +| -ªz¤ NIL NIL
ª¡.ºª..º¡. / ª¡.ºª..º¡¡ +| ~l--n z|·| 1075.36 1075.36
+.++ =r¤ftn¤ ª¤ar=r ¤t =ª=¸¤t +z ª=r
(=i <¤-|( -¤|¤|n¤/¤-|º/-¤|¤|n¤ = ¤|t· =n¤|-| ~¤in| +
l-¤º|- -·|| n|ªi ª¤i ·|lz| =l¤<|ª- <|l¤·¤| +i z|-| =¤z ¤|lº¤|
,|·| +i ª¤i -·|| -a|¤i ª¤i n|ª| ¤· +nz|· ~|·||l·- t (= n|nn|
n +|: vl-¤¸l- v·¤|lz|- -ti t
:.¡· ¤+ - ~¤-i ~-·|ªi ¤¤|¤ -z|-n ¤+ ::º·-z|-n| ln. ¤¸.+. +
=-¤-·| n ¤¸.+. lª·|- l-¤·|+ ¤·|:-lz|¤n =l¤= ~·||l·ºi¤·.(=.
(.| +| -+|-i ~|z¤|=- ¤·| ¤|·i l+¤| t l+ ¤+ ¤¤|¤ -z|-n ¤+
::º·-z|-n| ln. ¤¸.+. +| l¤·-i¤ =t|¤-| v<|- +·ª| -|l+ ¤l<
-=+i +|: l¤·-i¤ <-<|·i t| -| ¤t -= ¤¸·| +· =+ ¤t·t|n ª¡
n|- .º¡. -+ (=i +|: l¤·-i¤ <-<|·i -ti t: t
s. =-¤ fºt¤f¢r¤r
+. ¤l·=·| n ` ¡º.º· +·|÷ :n¸-¤r|= ·|º|+·| :l¤¤n ¤·| `
¡º.ºº +·|÷| {n|ª- ` ¡·.º¡ +·|÷} :l¤¤n ¤·| ` ¡·.ºº
+·|÷| + ¤l·=· t l¤-+ ª¤|ln·¤ l¤nº|| +| ¤¤i+·º| l+¤|
¤|-| t ¤l·=·| n ` ¡¡ª.· +·|÷ +| ¤¸¤iª- vªl- +|¤
=l-nln- t :l¤¤n ¤·| ` º·.ºº +·|÷|
º|. ¤·| + <|·|- n¸n ¤+ - =n¤=n¤ ¤· =z||l·|- =¤i l¤l-¤n
.ººº + ~·¤|¤ VII :=¤i ~|: =i ÷i ~|· l¤l-¤n| +
~-=|· l-<z|+ nº÷n ,|·| l+¤ ª¤ l-º| ¤| + ~-ª¤ ~l·|n|-¤
~|·||· ¤· ` ¡º/ +| v·¤+ :l+¤ºi z|¤· ` ººª.·º v·¤+
z|¤· + viln¤n ¤· ·||·- =·+|· +| ··.·º¡º z|¤· -·||
·||·-i¤ ¤i¤- ¤in| l-ªn +| ¡·º:º·º z|¤· ~|¤lº- l+(
(=| l+¤ ¤|- = ¤+ +| +n ¤¸¤i ·|lz| ` ..::.º¡ +·|÷
v|-- t: ~|· ¤l·º||nª¤ª¤ =·+|· +i z|¤··||l·-| ~l·|n|-¤-|
~|¤º- ¤¸¤ ·º.ºº% = ·|º+· ~¤ ··.¡º% t| ª¤i
ª. l-<z|+ n÷n - ` ¡º/ + v·¤+ :l+¤ºi z|¤· ¤· ª¤¤ ../
+| n|·||z| :¤+ +i -+-| ¤¸¤i +| ..º%| =ª-- l+¤| t
¤z|- l+ =<ª¤| ,|·| -=+| ~-n|<- +· l<¤| ¤|¤
·. ¤t| +ti ~|¤z¤+ =n¤| ª¤| t ª- ¤·| :=i ~¤l·| + ~- ª¤
~| +÷ | +| ¤ -· =n¸ t-/¤ -· ·¤¤ª·||/¤ -· ¤ªi +·º| +· ln¤|
ª¤| t
4.13Break-up of Floating Provisions is as follows:
(` in Crore )
Particulars 31.03.2012 31.03.2011
Opening balance as on 01.04.2011/01.04.2010 1075.36 1075.36
Quantum of floating provisions made during the year NIL NIL
Purpose and amount of draw down made during
the year NIL NIL
Closing balance as on 31.03.2012/31.03.2011 1075.36 1075.36
4.14 Refer Schedule-12 on Contingent Liabilities
Such liabilities are dependent upon, the outcome of Court/
arbitration/out of court settlement, disposal of appeals, and
the amount being called up, terms of contractual obligations,
devolvement and raising of demand by concerned parties,
respectively. No reimbursement is expected in such cases.
4.15 The Bank has issued a Letter of Comfort in respect of its
subsidiary Punjab National Bank (International) Ltd. in UK, to
Financial Services Authority (FSA), the regulator in United
Kingdom, committing that the bank shall provide financial
support to Punjab National Bank (International) Ltd., UK so
that it meets its financial commitments if they fall due. However,
no financial obligation has arisen as on 31st March 2012.
5. Other Notes
a. Premises include properties amounting to ` 10.86 crores
(Net of Depreciation) (previous year `10.98 crores) {Cost
` 16.01 crores} (previous year ` 15.89 crores) awaiting
registration of title deeds. Premises include capital work in
progress of ` 113.76 crores (previous year ` 86.09 crores).
b During the year the parent bank has allotted 1,58,40,607
equity shares of ` 10/- each to LIC of India and 65,25,919
to Govt of India at a premium of ` 993.69 per share as
determined by the Board in terms of the Chapter VII of
the SEBI Regulations, 2009, as amended from time to
time (the "SEBI ICDR Regulations") on preferential basis.
The total amount of capital received by the bank on this
account is ` 2244.91crores and consequently the
Government holding is now 56.10% as compared to
58% before preferential allotment
c. The Board of Directors has recommended a dividend of
` 22 per equity share of ` 10 each (220% of the paid
up capital of the bank), subject to approval by members.
6. Figures of the corresponding previous year have been
regrouped/ rearranged/reclassified wherever considered
necessary.
200
s+ nr¤, zo+z ¤r =nrta ¤rr ¤ a¬ª-¤·r ¤ =rºr =¬ªª =nf¤a ª¤ªt ¤¤rr f¤¤t¢r-¤·r
Consolidated Cash Flow Statement Annexed to the Balance Sheet for the year ended 31st March, 2012
(ª¤¤ +·|÷ n) (` in crore)
2011-12 2010-11
+ =¤¬ zo++ = s+ nr¤ zo+z a¤ ¤t =¤f¤ ¤ f¬q
For the period from 1st April 2011 to 31st March 2012
= ¤ft¤r¬ª ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
A. Cash Flow from Operating Activities
(I) ¤t ¤ ¤r¤ra¸ rrq ¬r+r
Net Profit after Tax 4,974.81 4,515.59
¤|l÷( · =t¤|ªi +¤l-¤| n ~¤ - +| ~z|
Add : Share of earning in Associates 77.68 81.05
~-¤|z| lt- = ¤¸¤ z|z n|·|
Net Profit before Minority Interest 5,052.49 4,596.64
¤|l÷( · +· + ln( ¤ |¤¬|- :~|ª·|lª- +· +| ¤|÷+·|
Add : Provision for Tax (net of deferred tax) 2,196.48 2,178.61
¤tr = ¤¸¤ ¬r+r
Profit before taxes ( i ) 7,248.97 6,775.25
(ii) fªrªf¬f=ra ¤ f¬q =nr¤r¬ª .
Adjustment for :
n¸-¤r|= ¤ ·||· :=+n|
Depreciation Charges (Gross) 323.00 285.82
·|º|( · ¤-n¸-¤|+- ¤|·l-|- l-l¬ = ~|tl·- ·|lz|
Less : Amount drawn from Revaluation Reserve -21.23 -21.23
~-¤+ ~|lª-¤| + ln( ¤|¤¬|- ~-¤+ ~|lª-¤| -·|| ¤º¸º º||- ÷|n ª(
~z||·¤ +º|| + ¤l- +n|lºª ¤|¤¬|-
Provision for NPAs, Floating Provision towards NPAs & Bad Debts Write Off 2,932.51 2,041.81
n|-+ ~|lª-¤| n ¤-·=·l-- ~|lª-¤| + ln( ¤ |¤¬|-
Provision on Standard Assets & Standard Restructured Accounts 848.63 329.71
~-¤ ¤ |¤¬|- :z|z|
Other Provisions (net) 92.35 -10.46
l-¤z|| :z|z| ¤· n¸-¤r|=/:l-n|--| ¤|¤¬|-
Depreciation/ (Release), Write off, Provision on Investments (net) 235.09 187.23
~-·|ªi/~-¤ = n|·||z| :l-¤z| +|¤ +n|¤| :z|z|
Dividend from Subsidiary / Others (Investing Activity) 0.00 0.00
¤|º÷| = ·¤|¤ :l¤-|i¤- +|¤ +n|¤|
Interest on Bonds (Financing Activity) 994.47 987.16
~-n ~|lª-¤| +i l¤+i = n|·|/t|l- :z|z|
Profit / Loss on sale of Fixed Assets (net) -4.35 -2.96
( ii ) 5,400.47 3,797.08
¤ft¤r¬ª =rfta¤r ¤ ª¤ar=r n ¤ft¤aªr = ¤¸¤ ¤ft¤r¬ª ¬r+r
Operating Profit before Changes in Operating Assets and Liabilities ( i+ii) 12,649.44 10,572.33
(iii) ¤ft¤r¬ª =rfta=r ¤ ª¤ar=r n rrq ¤ft¤aª ¤ f¬q =nr¤r¬ª
Adjustment for net change in Operating Assets and Liabilities
l-¤z|| n +ni / :¤lz|
Decrease / (Increase) in Investments -28,632.10 -17,829.37
~lªn| n +ni / :¤lz|
Decrease / (Increase) in Advances -56,844.25 -58,677.55
~-¤ ~|lª-¤| n +ni / :¤lz|
Decrease / (Increase) in Other Assets -1,401.90 -2,615.24
¤n|·|lz|¤| n ¤lz / :+ni|
Increase / (Decrease) in Deposits 68,176.30 64,774.27
-¬|·| n ¤lz / :+ni|
Increase / (Decrease) in Borrowings 7,992.53 11,238.13
201
~-¤ <¤-|~| ¤ ¤|¤¬|-| n ¤lz / :+ni|
Increase / (Decrease) in Other Liabilities & Provisions 516.14 1,414.54
( iii ) -10,193.28 -1,695.22
¤ft¤r¬ªr = s-¤-ª ª¤ªt
Cash generated from Operations ( i+ii+iii) 2,456.16 8,877.11
¤ <-| +· :¤|¤=i +| ¤|÷+·|
Tax Paid (net of refund) -2,481.24 -1,516.45
¤ft¤r¬ª ¤r¤¤¬r¤r = rrq ª¤ªt
Net Cash from Operating Activities (= A ) -25.08 7,360.66
=r. fª¤rr ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
B. Cash Flow from Investing Activities
~-n ~|lª-¤| +i º|·i< :l¤+i +| ¤|÷+·|
Purchase of Fixed Assets (net of Sales) -385.31 -896.79
~-·|lª¤|/=¤+- -¤n|/-|.ª|. ¤+| = ¤|-- n|·||z|
Dividend recd from Subsidiaries / JV / RRBs 0.00 0.00
~-·|lª¤|/=¤+- -¤n|/-|.ª|. ¤+| n l-¤z|
Investment in Subsidaries / JV / RRBs -11.73 -15.26
fª¤rr ¤r¤¤¬r¤r n ¤¤¤a rrq ª¤ªt
Net Cash used in investing Activities (=r B ) -397.04 -912.05
n. f¤-rt¤ª ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
C. Cash Flow from Financing Activities
z|¤· ¤ iln¤n =lt- ¤¸¤i
Capital Incl Share Premium 2,244.94 184.00
¤|·i / ¤·º| ·i< ¤|º÷ :ºi¤· ¤ ºi¤·|
Bonds (Tier I & Tier II) Issued/Redemption 14.39 637.43
¤|º÷| ¤· ¤<-| ·¤|¤
Interest paid on Bonds -994.47 -987.16
n|·||z| +| ·|ª-|- / n|·||z| ¤· l-ªln- +·
Payments of Dividends / Corporate tax on Dividend -814.15 -442.27
~-¤ +º|
Other Loans 0.00 0.00
f¤-rt¤ª ¤r¤¤¬r¤r = rrq ª¤ªt
Net Cash from Financing Activities (n C ) 450.71 -608.00
rr. ª¤ªt aºrr ª¤ªt ar¤r n rrq ¤ft¤aª
D Net Change in Cash and Cash Equivalents ( ¤+=r+n A+B+C ) 28.59 5,840.61
¤rr ¤ =rtr+r n ª¤ªt aºrr ª¤ªt ar¤
Cash and Cash Equivalents at the beginning of the year
-+<i ~| · ·||·-i¤ l·”|¤ ¤ + + ¤|= z|·|
Cash and Balances with Reserve Bank of India 23,791.19 18,334.78
¤+| + ¤|= z|·| ~|· n|ª ¤ ~-¤ =¸--| ¤· ¤|-¤ ¬-
Balances with Banks & Money at Call & Short Notice 6,300.11 30,091.30 5,915.91 24,250.69
¤rr ¤ =a n ª¤ªt aºrr ª¤ªt ar¤
Cash and Cash Equivalents at the end of the year
-+<i ~| · ·||·-i¤ l·”|¤ ¤ + + ¤|= z|·|
Cash and Balances with Reserve Bank of India 18,507.64 23,791.19
¤+| + ¤|= z|·| ~|· n|ª ¤ ~-¤ =¸--| ¤· ¤|-¤ ¬-
Balances with Banks & Money at Call & Short Notice 11,612.25 30,119.89 6,300.11 30,091.30
28.59 5,840.61
fºt¤¢rt.Notes :-
1 ¤ <-| ¤ ·¤-| +·| :¤|¤=i +| ¤|÷+·| +| ¤l·-|n- +|¤ +n|¤| = -<¸·|¸- n|-| ª¤| t -·|| :-t l-¤z| -·|| l¤-|i¤- +|¤ +n|¤| + n·¤ l¤·|+- -ti l+¤| ª¤| t
Direct taxes paid (net of refund) are treated as arising from operating activities and are not bifurcated between investing and financing activities.
2 ·|º| n l<( ª( =·|i ~|+÷ ''-+<i ¤|n'' <z|| - t
All figures in minus represents "Cash Out Flow"
¤¸¤ ¤·a =/From pre page
202
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--|
nº¤ ¤¤¬+ -¤ nt|¤¤¬+ nt|¤¤¬+
M NANDAKUMAR R R VOORE V K KHANNA
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER
-·|| ~---=¤nº¤- ·|+z| =ai
+|¤¤|n+ l-<z|+ +|¤¤|n+ l-<z|+
USHA ANANTHASUBRAMANIAN RAKESH SETHI
EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR
+ ~|· +|n-
~·¤-| (¤ ¤¤-¬ l-<z|+
K R KAMATH
CHAIRMAN & MANAGING DIRECTOR
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤z¤|= (÷ ¤|a+ +- ~ln- ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co.
Chartered Accountants Chartered Accountants Chartered Accountants
¤<i¤ ¤n| ( -º¤i=|¤<|· ¤|=¸<¤ ¤-¤i
:=|¤<|·| :=|¤<|·| :=|¤<|·|
=<ª¤ = º¤| 088393, (¤·~|·(- 000386(- =<ª¤ = º¤| 061551, (¤·~|·(- 301138: =<ª¤ = º¤| 070468, (¤·~|·(- 000483=i
(Pradeep Verma) (A Chatterjee) (Basudeb Banerjee)
Partner Partner Partner
M No.088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C
+- =|·<| (÷ ¤|·i+ +- ¤|·+|· (÷ n¤¸n<|· +- ¤i (= n|¬¤| ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants
l-·¤- ¤|z|i ¤i (n ~ª¤|n ¤i n-i+¤| ¤=|<
:=|¤<|·| :=|¤<|·| :=|¤<|·|
=<ª¤ = º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ = º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ = º¤| 020105, (¤·~|·(- 001907(=
(Niranjan Joshi) (B M Agarwal) (G Manikya Prasad)
Partner Partner Partner
M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place: ª; fªr¬t.New Delhi
rnrtt =r¬ ¤t ft¤rº ¤ =ª=rt.As per our Report of even date
203
AUDITORS' REPORT ON
CONSOLIDATED FINANCIAL STATEMENTS
To,
The Board of Directors of Punjab National Bank,
1. We have audited the attached Consolidated Balance Sheet of Punjab
National Bank (PNB Group) as at 31st March, 2012, the Consolidated
Profit and Loss Account and the Consolidated Cash flow for the year
ended on that date annexed thereto. These financial statements are
the responsibility of the management of the PNB Group and have
been prepared by them on the basis of separate financial statements
and other financial information regarding components. Our
responsibility is to express an opinion on these financial statements
based on our audit.
2. We conducted our audit in accordance with the auditing standards
generally accepted in India. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatements. An audit
includes examining on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates
made by the management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
3. We did not audit the financial statements of the subsidiaries viz. (i)
PNB Gilts Limited (ii) PNB Housing Finance Limited (iii) Punjab National
Bank (International) Limited (iv) PNB Investment Services Limited (v)
Druk PNB Bank Ltd. (vi) PNB Principal insurance Broking Pvt. Ltd.
(vii) Principal PNB Life Insurance Company Ltd. (viii) JSC SB PNB
Kazakastan whose financial statement reflect total assets of `14429.01
crores as at 31st March, 2012 and total revenues of ` 1183.13 crores
for the year then ended on 31st March 2012. These financial
statements and other financial information have been audited by their
respective auditors whose reports have been furnished to us and our
opinion is based solely on the reports of the said auditors.
4. Emphasis of Matter:
Without qualifying our opinion, we draw attention to note No. 4.5 in
Schedule 18 to the financial statement, which describes deferment
of pension and gratuity liability of the bank to the extent of ` 1994.19
crores pursuant to the exemption granted by the Reserve Bank of
India to the public sector banks from the application of the provisions
of Account Standard (AS) 15, Employee Benefits vide its circular no.
DBOD. BP.BC/80/21.04.018/2010-11 ON Re-opening of Pension
Option to Employees of Public Sector Banks and Enhancement in
Gratuity Limits –Prudential Regulatory Treatment.
5. a) We did not audit the financial statements of the regional rural
banks, and other associates of the Bank, where the bank’s share
of profits (net) are ` 77.67 crores for the year ended 31st March,
2012.
b) Our opinion is based on the audited financial statements of all
regional rural banks audited by respective auditors as well as
certain un-audited estimated financial data and the un-audited
financial statements of other associates stated in footnote (2.2)
to note No. 2 to Notes on accounts in Schedule 18.
c) in the absence of full information regarding impact of difference
in accounting policies followed by the parent and associates
(including RRBs), no adjustments, wherever required have been
carried out. Regional Rural Banks (Associates) have not followed
Accounting Standard 15 (Revised) for certain employee’s
benefits but have accounted for the same on the adhoc/pay on
you go basis. In like manner, unrealized profits and losses
¬=rr¤tt+r¤r ¤r ¤fa¤ªª
=¤r n
fªªrr¤ nz¬ ¤¬r¤ ªrrª¬ ¤¤
¡. tn- ¤¤|¤ -z|-n ¤+ :¤i(-¤i =n¸t| + ª¡ n|- .º¡. + =n·-
-n-¤·| ~|· -+- l-l·| +| =n|-- ¤·| + =nl+- n|·|t|l- º||- -·||
-+<i v¤|t +i nº||¤·i-|| +i t :- l¤·-i¤ l¤¤·º| ¤·|| +i l¤-n<|·i
¤¤|¤ -z|-n ¤+ =n¸t v¤-·|- +i t -·|| ¤ l¤¤·º| ~¤- ·|º+| + =-¤-·|
n --+ ,|·| ~nª l¤·-i¤ l¤¤·º|| ~|· ~-¤ l¤·-i¤ =¸--| + ~|·||· ¤·
-¤|· l+¤ ª¤ t tn|·i l¤-n<|·i :- l¤¤·º| ¤·|| ¤· tn|· ,|·| +i ª: nº||
¤·i-|| + ~|·||· ¤· n- v+º +·- -+ t
.. tn- ·||·- n =|n|-¤-· ª¤i|- nº||+- n|-+| + ~-=|· nº||¤·i-|| +i t
¤ n|-+ ¤t ~¤-|| +·- t l+ tn nº||¤·i-|| +i ~|¤|¤-| -·|| -=+|
l-·¤|<- := v+|· +· l+ tn l¤·-i¤ l¤¤·º|¤·|| + =-¤-·| n (=|
=nl-- ~|z¤|=- lnn ¤|( l+ --n +|: ¤÷i ªn- =¸--| -ti <i ª¤i t
nº|| ¤·i-|| n (= =|-¤| +i ¤·i-|º| + -|· ¤· ¤|- +i ¤|-i t ¤| l¤·-i¤
l¤¤·º|¤·|| n -l-nlº|- ·|lz|¤| -·|| v+ºi+·º| + =n·|- n l<( ¤|- t
nº||¤·i-|| n v¤·|- ,|·| -¤¤|ª n n|( ª( nº||+- l=z|- -·|| -=+ ,|·|
nª|( ª( =|·|+ ~-n|-| +| l-·||·º| -·|| =nª- l¤·-i¤ l¤¤·º|¤·| +i
vª-l- +| n¸-¤|+- +·-| ·|i z||lnn t tn l¤z¤|= t l+ tn|· ,|·| +i
ª: nº||¤·i-|| - tn|· ~l·|n- +| =nl-- ~|·||· v<|- l+¤| t
ª. tn- :- ~- ·| lª¤| -|n-· i| ¤i(-¤i lª-º= lnlnº ÷ ii| ¤i(-¤i t|-l= ª
¤· |:- = ln. iii| ¤ ¤|¤ - z|-n ¤ + :: º·- z|-n| lnlnº ÷ vi| ¤i(-¤i
:-¤ ªºn º =l¤ = ¤ ln. v| ÷ + ¤i(-¤i ¤ + lnlnº ÷ vi| ¤i(-¤i lv l=¤n
: z¤| · = ¤ | l+ ª v|. ln. vii| lv l=¤n ¤i(-¤i n|: ¤· : z¤| · = +-¤-i ln. -·||
viii| ¤ (==i (=¤i ¤i(-¤i +¤ |lº|ª-|- + l¤·-i¤ l¤¤·º|| +i n º|| ¤·i-||
-ti +i l¤-+ l¤·-i¤ l¤¤·º|| n ª¡ n|- .º¡. +| =n|-- ¤·| + ln( ª¤¤
¡::.º.º¡ +·| ÷ +i + n ~|lª-¤| -·|| ª¤¤ ¡¡ºª.¡ª +·| ÷ +| + n ·|¤ª¤
<z|| ¤| ª¤| t :- l¤·-i¤ l¤¤·º|| -·|| ~-¤ =¸ --|~| +i --+ =-¤l-·|- n º||
¤·i-|+| ,|·| n º|| ¤·i-|| +i ª¤i ~| · -·= ¤ ·|i l·¤| º| n vª- - +i ª¤i ~| ·
tn|·| n- -- n º|| ¤·i-|+| +i l·¤| º| ¤· ti ~|·||l·- t
:. nt·¤¤¸º| n|nn| ·
~¤- n- + =|·| +|: z|- nª|( l¤-| tn l¤·-i¤ l¤¤·º| +i ~-=¸-i =º¤|
¡º +i lº-¤º|i =º¤| :.· +i ~|· ·¤|- ~|+l·|- +·- t l¤=n ¤t +t|
ª¤| t l+ ·||·-i¤ l·¤¤ ¤+ ,|·| =|¤¤l-+ -|·| + ¤+| + +n-|l·¤| +
ln( ¤z|- l¤+-¤ ¤-· º||n- -·|| -¤<|- =in|~| n ¤lz l¤¤+¤¸º|
l¤l-¤|n+ ·¤¤t|· + =-¤-·| n -=+ ¤l·¤·| =º¤| ÷i¤i~|÷i. ¤i¤i.
¤i=i/ºº/.¡.º:.º¡º/.º¡º¡¡ + ~-=|· nº|| n|-+ ¡· +n -|·i n|·| +
v|¤·||-| +| =|¤¤l-+ -|·| + ¤+| ¤· n|ª¸ l+( ¤|- = ¤¸º + ¤·nª¤ª¤
¤+ +i ¤z|- -·|| -¤<|- <¤-| + ¤|< ª¤¤ ¡ºº:.¡º +·|÷ -+ +
~|ª·|ª- +| --nº| t
·. +. tn- ª¡ n|- .º¡. +| =n|-- ¤·| + ln( -| ·|i¤ ª |niº| ¤ +|
-·|| ¤ + +i ~-¤ =t¤| ªi = ª·||~| + l¤·-i¤ l¤¤·º|| +i n º||
¤·i-|| -ti +i t l¤-n ¤ + + n|·| +| ltª=| :z| z| ª¤¤
.· +·| ÷ t
º|. tn|·| n- ~-¤ nº|| ¤·i-|+| ,|·| nº|| ¤·il-|- -|·|i¤ ª|niº| ¤+| +
nº|| ¤·il-|- l¤·-i¤ l¤¤·º|| -·|| +¤ ·|· nº|| ¤·il-|- ~-n|-| -·||
~-=¸-i ¡º n nº|| ¤· lº-¤lº|¤| ¤· lº-¤º|i =º¤| . +i ¤|< lº-¤º|i
:...| n -l-nlº|- ~-¤ =t¤|ªi =ª·||~| + ª· nº|| ¤·il-|-
l¤·-i¤ l¤¤·º|| ¤· ~|·||l·- t
ª. vn º| ¤ + ~| · =t¤| ªi = ª·||~| :-| ·|i¤ ª |niº| ¤ +| =lt-| ,|·|
~¤-|: ª: n º|| +- -il-¤| n l·|---| + v·||¤ = =-¤l-·|- ¤¸ º|
¤|-+|·i + ~·||¤ n ¤t| ~¤ l-|- t +| : =n|·||- -ti l+¤| ª¤|
t -| ·|i¤ ª |niº| ¤ +| :=t¤| ªi = ª·||~| | - + ¤ +n -|·i n|·|| +
ln( n º||n|-+ ¡· := z|| l·|-| -ti ~¤-|¤| t l+ - --t
-<·| /¤ ~| -¤¸ ª| ~|·||· ¤· lt=|¤ n ln¤| t :=i v+|· n¸ n
¤ + -·|| -=+i =n l+- ~- ·| lª¤| ~| · =t¤| lª¤| + ¤i- - ¤=¸ n
204
resulting from transactions between the parent/ its consolidated
subsidiaries and the associates, if any, to the extent of the
parent’s interest in the associates have not been eliminated.
Thereby effect on profit for the year and other consequential
effects could not be ascertained.
d) In respect of PNB Housing Finance Limited, no provision has
been made for deferred tax liability on special reserve of ` 116.01
crore, created and maintained u/s 36(1) (viii) of the Income
Tax Act, 1961 as required by accounting Standard – 22, which
has resulted in understatement of Provision for Deferred Tax
Liability by ` 37.74 crores and overstatement of profits after
tax in the Subsidiary books by ` 4.56 crores (out of which
Group’s share is ` 3.37 crores).
6. Subject to our observations in paragraph 5 above, we report that the
Consolidated Financial Statement have been prepared by the
management of PNB Group in accordance with the requirements of
Accounting Standard-21 (Consolidated Financial Statements) and
Accounting Standard-23, Accounting for Investment in Associates in
Consolidated Financial Statement’ issued by the institute of Chartered
Accounts of India.
7. The Consolidated Balance Sheet and Profit and Loss Account have
been drawn up as per the forms prescribed by Reserve Bank of India
for banks.
8. Subject to our observations in paragraph 5 above and based on our
audit of the bank, consideration of reports of the respective auditors
on separate financial statement of 8 subsidiaries, 6 regional rural banks
and 1 associate and consideration of un-audited financial statements
of 4 associates and of other financial information of subsidiaries and
certain associates and to the best of our information and according
to the explanations given to us, we are of the opinion that the attached
consolidated financial statement give a true and fair view in conformity
with the accounting principles generally accepted in India :
a) In the case of the consolidated balance sheet, of the state of
affairs of the PNB Group as at 31st March, 2012.
b) In the case of the consolidated profit and loss account, of the
profit of the PNB Group for the year ended on that date, and.
c) In the case of the consolidated cash flow statement, of the
cash flow of the PNB group for the year ended on that date.
M/s V. K. Verma & Co. M/s Mookherjee Biswas & Pathak
Chartered Accountants Chartered Accountants
FRN 000386N FRN 301138E
(Pradeep Verma) (A. Chatterjee)
Partner Partner
Membership No.088393 Membership No.061551
M/s Amit Ray & Co. M/s Sarda & Pareek
Chartered Accountants Chartered Accountants
FRN 000483C FRN 109262W
(Basudeb Banerjee) (Niranjan Joshi)
Partner Partner
Membership No. 070468 Membership No.102789
M/s Borkar & Muzumdar M/s G. S. Madhava Rao & Co.
Chartered Accountants Chartered Accountants
FRN 101569W FRN 001907S
(B M Agarwal) (G. Manikya Prasad)
Partner Partner
Membership No.033254 Membership No.020105
Date: 09/05/2012
Place: New Delhi
t ( n|·| ~| · t|l-¤| + ¤l·º||nª¤ª¤ ¤l< n¸ n ¤ + +| +| : v·||¤
¤÷ -| t| -| -= =n|-- -ti l+¤| ª¤| t :=+| n|·| -·|| ·|¤ª¤
¤· v·||¤ a|- -ti t| ¤|¤| t
·|. ¤i(-¤i t|-l=ª ¤·|:-= lnlnº÷ + =-¤-·| n ª¤¤ ¡¡·.º¡ +·|÷
+i l¤z|·| v|·l-|- l-l·|¤| ¤· ~|ª·|lª- +· <¤-| + ln( ~|¤+·
~l·|l-¤n ¡º·¡ +i ·||·| ª· :¡| :viii| + ~·|i- +|: v|¤·||-
=l¤- -ti l+¤| ª¤|/·º|| ª¤| ¤|l+ nº|| n|-+.. + ~-=|·
~¤l-|- ·|| l¤=+ ¤·nª¤ª¤ ª¤¤ ª.: +·|÷ +i ~|ª·|lª- +·
<¤-| t- ª¤¤ :.·· +·|÷ +| n|·| + ¤z-|-¸ v|¤·||- +n ¤-|¤|
ª¤| t :l¤=n = =n¸t +| ltª=| ª¤¤ ª.ª +·|÷ t|
·. -¤¤ +- ¤ ·| · n l<( ª( tn|· n- + ~·|i- tn =¸ l-- +·- t l+
¤i(-¤i =n¸ t v¤-·|- ,|·| =n l+- l¤·-i¤ l¤¤·º| ¤·| ·||·-i¤ =-<i
n º||+|· = ª·||- ,|·| ¤|·i =n l+- l¤¤·º| ¤·|| =-¤-·|i n º|| +- n|-+.¡
n ~¤ -||~| + ~- ª¤ -·|| =n l+- l¤·-i¤ l¤¤·º| ¤·|| n º|| n|-+.ª
=n l+- l¤¤¤·º| ¤·|| n =t¤| ªi +-¤l-¤| n l-¤ z| + n º|| +- +
~- =|· - ¤|· l+( ª( t
. =nl+- -n-¤·| ¤ n|·| -·|| t|l- º||-| ·||·-i¤ l·¤¤ ¤+ ,|·| ¤+| + ln(
l-·||l·- ¤·|n| n -¤|· l+( ª( t
º. -¤¤+- ¤·| · n l<( ª( tn|· n- + ~·|i- -·|| ¤+ +i tn|·i nº|| ¤·i-||
+ ~|·||· ¤· ~|· ~nª l¤·-i¤ l¤¤·º| ¤·|| ¤· =-¤z nº|| ¤·i-|+| +i
l·¤|º| ¤· l¤-|· +·- ¤· -·|| º ~-·|lª¤| ~|· · -|·|i¤ ª|niº| ¤+| ~|·
¡ =t¤|ªi + l¤·-i¤ l¤¤·º| ¤·|| ¤· ~|· : =t¤|lª¤| + ª· nº|| ¤·il-|-
l¤¤·º| ¤·|| ~|· ~-¤ l¤·-i¤ =¸--| ¤· l¤-|· +·- + ¤|< tn|·i =¤|-n
=¸--| ¤ tn l<( ª( ª¤·ºi+·º|| + ~|·||· ¤· tn|·i ·|¤ t l+ =n·-
=nl+- l¤·-i¤ l¤¤·º|¤·| ·||·- n =|n|-¤-· ª¤i|- nº||+- l=z|-| +
~-ª¤ =ti ~|· ª¤·º lª·|l- <z||- t ·
+. =nl+- -n- ¤·| + n|nn n ª¡ n|- .º¡. +i lª·|l- <z||- t(
¤i(-¤i =n¸t +i lª·|l-
º|. =nl+- n|·| ¤ t|l- nº| + n|nn n -+- l-l·| +| ¤i(-¤i =n¸t
+ n|·| +| <z||-| t
ª =nl+- -+<i v¤|t l¤¤·º| ¤·| + n|nn n -+- l-l·| +| ¤i(-¤i
=n¸t +| -+<i v¤|t
n== ¤i + ¤n| (÷ +-¤-i n== nº|¤i l¤ª¤|= (÷ ¤|a+
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ºººªº· (- (¤· ~|· (- ªº¡¡ªº:
:¤<i¤ ¤n||.-º¤i|
=|¤<|· =|¤<|·
=<ª¤-| =. ºººªºª =<ª¤-| =. º·¡··¡
n== ~ln- · (÷ +-¤-i n== =|·<| (÷ ¤|·i+
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ººº:ºª =i (¤· ~|· (- ¡ºº.·.÷·-¤¸
:¤|=<¤ ¤-¤i| :l-·¤- ¤|z|i|
=|¤<|· =|¤<|·
=<ª¤-| =. º:·º =<ª¤-| =. ¡º.ºº
n== ¤|·+· (÷ n¤¸n<|· n== ¤i.(=. n|·|¤ ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ¡º¡··º÷·-¤¸ (¤· ~|· (- ºº¡ºº(=
:¤¤n|t- ~ª¤|n| :¤i. n|lº|+¤ v=|<|
=|¤<|· =|¤<|·
=<ª¤-| =. ºªª.·: =<ª¤-| =. º.º¡º·
l<-|+ · ºº.º·..º¡.
ª·||- · -: l<-ni
205
¤·rn- ''¤t''
¤r¤=t ¤·rn
(q¤¬.¤ºrn rr¤t¤rt¤ çrtr +rtr =rt rtar+rt f¤¤r ¬rq¸
n/tn ____________________________________________ ·|-¤ _____________________________________ + l¤n|
______________________+|/+i/+ l-¤|=i _______________________ ¤¤|¤ -z|-n ¤+ + z|¤·¬|·+ t|- + -|- (-<¸,|·|
______________________·|-¤ __________________ l¤n| __________________________________ + l-¤|=i
>i/=>i__________________________ +| ~·|¤| --+ -¤lª·|- - t| =+- ¤· _____________________________________
·|-¤ + l¤n| _______________________________________ + l-¤|=i >i/>in-i _____________________________ +|
nªn¤|· fªªr¤ ze ¬¸ª, zo+z ¤r ¤ra. +o.oo ¤¬ ¤¤ ¤ rr¤t¤rt¤r ¤t ++¤t ¤rfrr¤ =rn ¤a¤ n ¬r ¤¬r¤ ªrrª¬ ¤¤ =rfzºrft¤n, ¤-)t¤
tºr¤· ¤r¬¬, s =ztfr¬ trz, f=f¤¬ ¬r;-= fªr¬t - ++oos+ n ~|¤|l¤- t|ªi -·|| -=+ ~l¬ª·|lª- t|- ¤· n·i/tn|·i ~|· = n·/tn|· ln( n-
<- + ln( v|+=i l-¤+- +·-| t¸/+·- t
¤·| .º¡. + _____________ n|= +i _____________ -|·iº| +| tª-|-|l·-
v|+=i + tª-|-|· v·|n ¬||·+ /(+n z|¤·¬||·+ + tª-|-|·
¤r¤=t ¤·rn ¤t rtar+rt ¤tª q¤ ¤taa ¤tª ra =ªªrr
¡. v|+=i <ª-|¤¤ + ¤¬ t|- + ln(
+. ·¤l+-ª- z|¤·¬|·+ + n|nn n -=+ ,|·| tª-|-|· l+( ¤|(ª ¤| l¤l¬¤-¸ lnlº|- ª¤ n ~l¬+- ~º|-i tª-|-|· +·ª|
º|. =¤+- ¬|·+| + n|nn n =<ª¤| + ·l¤ªº· n v·|n -|n + z|¤·¬|·+ ,|·| ¤| -=+ ,|·| lnlº|- ª¤ = ~l¬+- ~º|-i ,|·| tª-|-|· l+¤
¤|(ª
ª. l-ªln- l-+|¤ + n|nn n -=+ ~l¬+|·i ,|·| =|n|-¤ n|t· ¤l< t| -| nª|+· :-t tª-|-|l·- (¤ l-·¤|l<- l+¤| ¤|(ª| ¤| ~-¤·|| lnlº|-
ª¤ = l¤l¬¤-¸ ~l¬+- ~º|-i ,|·| tª-|-|· l+¤ ¤|¤ª
.. v|+=i <ª-|¤¤ l¤= ¤· z|¤·¬|·+ ,|·| ~ª¸a +| l-z||- nª|¤| ª¤| t -·|i ¤¬ n|-| ¤|(ª| ¤¤ -= l+=i ¤¤ nl¤ªºº ·l¤ªº|· ¤| -¤ ·l¤ªº|·
(z¤|·= ,|·| ¤| l+=i ~-¤ =·+|·i ·|¤¤l·|- ~l¬+|·i ,|·| ¤| ¤¤|¤ -z|-n ¤+ + l+=i ~l¬+|·i ,|·| ~l¬vn|lº|- l+¤| ª¤| t|
ª. v|+=i l¤=+ =|·| n
+. nº-|·-|n| ¤| v|l¬+|· ¤·| :¤l< t| -|| l¤=+ ~--ª- := ¤· tª-|-|· l+( ª( t ¤|
º|. -+- nº-|·-|n ¤| v|l¬+|· ¤·| +i vl- l¤= -|º·i ¤| nl¤ªºº ,|·| ~l·|vn|lº|- l+¤| ª¤| t| ¤¤|¤ -z|-n ¤+ z|¤· l¤·||ª l¤-| v·||ª
v¬|- +|¤|n¤ · ==< n|ª -: l<-ni ¡¡ººº¡ + ¤|= ~l¬+-n ¤¬¤|· .º ¤¸- .º¡. :=|¤ ·.ºº ¤¤| -+ ¤n| +·¤| l<¤| ¤|(
:. l¤l¬¤-¸ lº+º nªi v|+=i ti ¤¬ n|-i ¤|¤ªi
·. ¤+ + ¤|= ¤n| v|+=i <ª-|¤¤ ~l-n ¤ ~¤l·¤--i¤ t|ª|
·. ¤l< v|+=i <ª-|¤¤ l¤+-¤ + -|· ¤· <| ·¤l+-¤| +| l<( ª¤ t| -| +¤n (+ ¤·|n +| l-·¤|<- l+¤| ¤|¤ª|
. l¤= z|¤·¬|·+ - v|+=i +| <ª-|¤¤ l-·¤|l<- l+¤| t| ¤t ¤a+ n -= <ª-|¤¤ = =-¤z ¤|º <- +| ¤|·| -ti t|ª|
º. := v+|· l-¤+- v|+=i +| ¤a+ n ¤|n- +| ~l¬+|· -ti t|ª| (= n v|+=i v<|-| +i ~|· = -¤lª·|- t| =+ª| ~|· ¤|º < =+ª|
º. ¤¤|¤ -z|-n ¤+ + l+=i ·|i ~l¬+|·i ¤| +n-|·i +| ¤¬|l-+ ª¤ = v|l¬+- ¤| v|+=i¬|·+ l-¤+- -ti l+¤| ¤| =+-|
=¤| n
+-¤-i =l-¤
¤¤|¤ -z|-n ¤+ v¬|- +|¤|n¤
z|¤· l¤·||ª l¤-| v·||ª
v.+|. · ==< n|ª
-: l<-ni¡¡ººº¡
÷i¤i~|: ÷i =.
ª|t+ ~|:÷i=
:~n¸- z|¤·| + ln(|
·l¤. ¤·|ln¤| -.
:n¸- z|¤·| + ln(|
+ ¤¤|
·=i<i
lº+º
l-¤+|(
206
Form "B"
PROXY FORM
(To be filled in and signed by the Sole/First Shareholder)
I/We ___________________________________________________resident/s of _________________________________ in the District of
_________________________ in the State of _________________________ being a shareholder/s of Punjab National Bank hereby appoint
Sh./Smt. ____________________________ resident of _______________________ or failing him/her, Sh./Smt. _________________________
__________________________ resident of _____________________________________ in the district of ____________________________
in the State of ____________________ as my/our proxy to vote for me/us on my/our behalf at the 11TH ANNUAL GENERAL MEETING
of the shareholders of the Bank to be held on Tuesday, the 26th June, 2012 at 10.00 a.m. at Punjab National Bank Auditorium,
Central Staff College, 8, Underhill Road, Civil Lines, Delhi - 110054 and at any adjournment thereof.
Signed this __________ day of ________________ 2012.
Signature of the Proxy Signature of sole/first shareholder
Revenue
Stamp
INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM
1. No instrument of proxy shall be valid unless,
a. in case of an individual shareholder, it is signed by him/her or by his/her attorney duly authorised in writing,
b. in the case of joint holders, it is signed by the shareholder first named in the Register of Shareholders or by his/her attorney duly
authorised in writing,
c. in the case of a body corporate, it is signed by its authorised officer and executed under its Common Seal, if any, or otherwise
signed by its attorney duly authorised in writing.
2. An instrument of proxy, in which the thumb impression of the shareholder is affixed, will be valid provided it is attested by a Judge,
Magistrate, Registrar or Sub-Registrar of Assurances or any other Government Gazetted Officer or an officer of Punjab National
Bank.
3. The proxy together with:
a. the power of attorney or other authority (if any) under which it is signed or
b. a copy of that power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited at the Share
Department, Finance Division, Punjab National Bank, Head Office: 5, Sansad Marg, New Delhi - 110 001 not later than
Wednesday, the 20th June, 2012 (5.00 p.m.).
4. No proxy shall be valid unless proper revenue stamp is affixed on it.
5. An instrument of proxy deposited with the Bank shall be irrevocable and final.
6. In the case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be executed.
7. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the meeting to which such
instrument relates.
8. The proxy so appointed shall not have any right to speak at the meeting but such proxy can attend & vote on behalf of the grantor.
9. No person shall be appointed as duly authorised representative or a proxy who is an officer or an employee of Punjab National Bank.
To,
The Company Secretary
Punjab National Bank
Share Department, Finance Division
Head Office, 5, Sansad Marg
New Delhi - 110 001
DPID No.
Client ID No.
(For Dematerialised Shares)
Regd. Folio No.
(For Shares in Physical Form)
207
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208
Share Department, Finance Division, 5, Sansad Marg, New Delhi 110001
(Email : [email protected] Tel. No. 011-23719086, Fax No. 011-23766079)
E-CREDIT MANDATE THROUGH NATIONAL CLEARING SERVICES (NECS)/ BANK ACCOUNT
DETAILS FORM FOR PAYMENT OF DIVIDEND ON THE EQUITY SHARES
Dear Shareholder,
In our continuous endeavour to improve service to Shareholders, we request you to provide us updated bank account particulars to our
Share Transfer Agent - MCS Ltd. (Unit: PNB), F-65, Okhla Industrial Area, Phase I, New Delhi 110020, in the following format, to avail E-
credit of dividend directly in your Bank A/c.
Thanking you,
Yours faithfully
Company Secretary
1. Folio No.
2. Name of Shareholder
3. (a) Address of Shareholder(s)
(b) Telephone/Mobile No.
(c) Email ID
4. Details of Bank Account
A. Name of the Bank &
Address of the Branch with Telephone No.
B. Account Number (as appearing on the cheque book)
C. 9 Digit MICR code number of the Bank and Branch
as appearing on the cheque issued by Bank
D. IFSC Code
IMP : Please attach a blank cancelled cheque or photocopy of a cheque issued by your bank for verification of the above
particulars.
I hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected for reasons beyond
control, I would not hold Punjab National Bank responsible.
Date:
Place: Signature of Beneficial Owner(s)
FOR SHAREHOLDERS
HOLDING SHARES IN
PHYSICAL FORM
209
z|¤· l¤·||ª l¤-| v·||ª · ==< n|ª -: l<-ni¡¡ººº¡
::nn · [email protected] ºni.-. º¡¡.ª¡ººº· ¤·+= -. º¡¡.ª··ºº|
;f¤¤ºt rr¤tr ¤t ¬r+rrrr ¤ +rnarª ¤ f¬q ªrrª¬ ;¬¤ºrfª¤ ¤¬t¤ftn =f¤f=¬
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lv¤ z|¤·¬||·+
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z|¤· ~-·º| (¤º (n=i(= ln. :¤¸l-º ¤i(-¤i| (¤··· ~|º|n| ~|¤|lª+ -|·| ¤·¤ -: l<-ni¡¡º º.º +| ~¤- ¤+ º||- +| ~¤-- ·¤|·|
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zt-nº =¤ =
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rr¤t¤rt¤r ¤ f¬q
rr¤t¤rt¤r ¤ f¬q
210
Share Department, Finance Division, 5, Sansad Marg, New Delhi 110001
(Email : [email protected] Tel. No. 011-23719086, Fax No. 011-23766079)
E-CREDIT MANDATE THROUGH NATIONAL CLEARING SERVICES (NECS)/ BANK ACCOUNT
DETAILS FORM FOR PAYMENT OF DIVIDEND ON THE EQUITY SHARES
Dear Shareholder,
In our continuous endeavour to improve service to Shareholders, we request you to provide updated bank account particulars to your
Depository Participant directly and also to our Share Transfer Agent - MCS Ltd. (Unit: PNB), F-65, Okhla Industrial Area, Phase I, New
Delhi-110020, in the following format, to avail E-credit of dividend directly in your Bank A/c.
Thanking you,
Yours faithfully
Company Secretary
1. Name of Depository
2. DP ID / CL ID
3. Beneficial Owner(s)/Investor(s) Name
4. (a) Address of Beneficial Owner(s)/Investor(s)
(b) Telephone/Mobile No.
(c) Email ID
5. Details of Bank Account
A. Name of the Bank &
Address of the Branch with Telephone No.
B. Account Number (as appearing on the cheque book)
C. 9 Digit MICR code number of the Bank and Branch
as appearing on the cheque issued by Bank
D. IFSC Code
IMP
lease attach a blank cancelled cheque or photocopy of a cheque issued by your bank for verification of the above particulars.
I hereby declare that the details given above are complete and correct. If the transaction is delayed or not effected for reasons beyond
control, I shall not hold Punjab National Bank responsible.
Date:
Place: Signature of Beneficial Owner(s)
FOR SHAREHOLDERS
HOLDING SHARES IN
DEMAT FORM
211
v¬|- +|¤|n¤· ·|i+|(¤i +|n| -n= -: l<-ni ¡¡º ·º
++¤t ¤rfrr¤ =rn ¤a¤ ra s¤ftºrfa ¤¤t =r ¤¤rr-¤·r
nªn¤|· .· ¤¸- .º¡. =n¤ · v|-· ¡º.ºº ¤¤
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-¤lª·|- z|¤·¬|·+/v|+=i/
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v¬|- +|¤|n¤· ·|i+|(¤i +|n| -n= -: l<-ni ¡¡º ·º
++¤t ¤rfrr¤ =rn ¤a¤ ra s¤ftºrfa ¤¤t =r ¤¤rr-¤·r
nªn¤|· .· ¤¸- .º¡. =n¤ · v|-· ¡º.ºº ¤¤
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:¤a+ + <|·|- ~¤- ¤|= ·º||
-|n ª¤·º ~-|·| n ¤·|ln¤|/÷i¤i~|:÷i/ª|t+ ~|:÷i =. z|¤·| +i =º¤|
:z|¤·¬|·+/¤|+=i/¤|l¬+- ¤l-l-l¬|
-¤lª·|- z|¤·¬|·+/v|+=i/
v|l¬+- vl-l-l¬ + tª-|-|·
¤a+ t|n n v¤z| + ln( z|¤·¬|·+|/v|+=i¬|·+|/v|l¬+- vl-l-l·|¤| = ~-·|¬ t l+ ¤ := -¤lª·|l- ¤-i =t v¤z| ¤|= +| ¤a+ +-| n -¤lª·|l-
+ =n¤ l¤l¬¤-¸ tª-|-|· +·+ vª-- +· v¤z| ¤|= ¤|n| ·||ª z|¤·¬|·+|/v|+=i¬|·+|/v|l¬+- vl-l-l¬¤| +| n|º| l<¤| ¤|(ª| l¤= --t ¤a+ =n|--
t|- -+ ~¤- ¤|= ·º|-| -|lt( l¤·· ·|i ¤l< ~|¤z¤+ =n¤| ª¤| -| v¤z| + ¤|· n l¤·· = =·¤|¤-/¤|- +i ¤| =+-i t
ªrº . +. ¤¤¤r ¤rfrr¤ ft¤rº ¤t ¤fa =¤ª =rºr ¬rqì
z. ¤a¤ ¤ ªrtrª ¤r; s¤rrt.s¤rrt ¤¸¤ª ªrt ¤rº ¬r¤nì
................................................................................................................................................................................................................
212
HEAD OFFICE : 7, Bhikhaiji Cama Place, New Delhi 110607
ATTENDANCE SLIP-CUM-ENTRY PASS FOR 11TH ANNUAL GENERAL MEETING
TUESDAY, THE 26TH JUNE, 2012 AT 10.00 A.M.
AT PUNJAB NATIONAL BANK AUDITORIUM, CENTRAL STAFF COLLEGE,
8, UNDERHILL ROAD, CIVIL LINES, DELHI-110 054
ATTENDANCE SLIP
(To be surrendered at the time of registration of attendance)
NAME IN BLOCK LETTERS FOLIO/DPID&CLIENT ID No. Number of Shares
(Member/Proxy/Authorised Representative)
Signature of Shareholder/Proxy/
Authorised Representative present
HEAD OFFICE : 7, Bhikhaiji Cama Place, New Delhi 110607
11TH ANNUAL GENERAL MEETING
TUESDAY, THE 26TH JUNE, 2012 AT 10.00 A.M.
VENUE: PUNJAB NATIONAL BANK AUDITORIUM, CENTRAL STAFF COLLEGE, 8, UNDERHILL ROAD, CIVIL LINES, DELHI-110 054
ENTRY PASS
(To be retained throughout the meeting)
NAME IN BLOCK LETTERS FOLIO/DPID&CLIENT ID No. Number of Shares
(Member/Proxy/Authorised Representative)
Signature of Shareholder/Proxy/
Authorised Representative present
Shareholders/Proxy holders/Authorised Representatives are requested to produce Attendance slip-cum-Entry pass duly signed, for admission
to the meeting hall. The Entry pass portion will be handed back to the Shareholders/Proxy holders/Authorised Representatives, who
should retain it till the conclusion of the meeting. The admission may, however, be subject to further verification/checks, as may be
deemed necessary.
Note: 1. Please bring your copy of the Annual Report
2. No gift/gift coupons will be distributed at the meeting.
................................................................................................................................................................................................................
doc_243978935.pdf
The report for the financial year 2011 - 2012 of punjab national bank.
5
¤ra =./Page No.
Notice 6
Directors' Report 11
Management Discussion And Analysis 22
Corporate Social Responsibility Report 59
Disclosure under Basel II 75
Report on Corporate Governance 94
Auditors' Certificate 117
Financial Statements 119
- Balance Sheet 120
- Profit & Loss Account 121
- Schedules 122
- Significant Accounting Policies 132
- Notes on Accounts 139
- Cash Flow Statement 161
- Auditors' Report 164
Consolidated Financial Statements 167
- Balance Sheet 168
- Profit & Loss Account 169
- Schedules 170
- Significant Accounting Policies 180
- Notes on Accounts 186
- Cash Flow Statement 200
- Auditors' Report 203
Proxy Form 205
E-credit Mandate for Dividend/
Bank Account Details Form
- Physical 207
- Demat 209
Attendance Slip cum Entry Pass 211
AUDITORS
V. K. Verma & Co.
Mookherjee Biswas & Pathak
Amit Ray & Co.
Sarda & Pareek
Borkar & Muzumdar
G.S. Madhava Rao & Co.
REGISTRAR & SHARE TRANSFER AGENT
MCS Ltd
F-65, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi 110020
Tele No. Direct : 011-41709884
EPABX: 011-41406149/51/52
Fax No.: 011-41709881
Email: [email protected], [email protected]
¬=rr ¤tt+r¤
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tf¬tºrt q¤ rr¤t =-at¢r q¬-º
(n=i(= lnlnº÷
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:nn · [email protected], [email protected]
-|lº=
l-<z|+ l·¤|º
¤¤-¬- =-¤-¬i l¤-|·l¤nz| (¤ l¤zn·|º|
l-ªln- =|n|l¤+ --|·<|l¤·¤ l·¤|º
¤=n + ~--ª- v+ºi+·º|
l-ªln- z||=- +i l·¤|º
nº||¤·i-|+| +| ¤n|º|¤·|
l¤-|i¤ l¤¤·º|
- n-¤·|
n|·|t|l- º||-|
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vnº| nº|| l¤l¬ =-¤-¬i -il-¤|
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nº|| ¤·i-|+| +| ¤l-¤<-
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º||-| = =-¤-¬i lº-¤lº|¤|
-+<i ¤¤|t l¤¤·º|¤·|
nº|| ¤·i-|+| +| ¤l-¤<-
¤|+=i ¤·|n
n|·||z| + ln( :+l÷º ~l¬<z|/
¤+ º||- +| ·¤|·| ¤·|n
n¸-
÷inº
-¤lª·|l- ¤-i =t ¤¤z| ¤·|
fo"k; lw ph
Contents
6
:·||·- =·+|· +| -¤+n|
¤¤rrª ¤r¤r¬¤, z +rt¤rq¬t ¤rnr t¬=, ª; fªr¬t-++o eoz
:z|¤· l¤·||ª l¤·- v·||ª ·==< n|ª -: l<-ni¡¡ººº¡|
: nn · [email protected]
ªrfº=
(-ª¸¤|·| =¸l-- l+¤| ¤|-| t l+ ¤¤|¤ -z|-n ¤+ + z|¤·¬|·+| +i ++¤t ¤rfrr¤ =rn ¤a¤ nªn¤|· .· ¤¸- .º¡. +| v|-· ¡º.ºº ¤¤ ¤¤|¤ -z|-n
¤+ ~|l÷º|l·¤n +-:i¤ ªº|¤· +|n¤ º ~÷·ltn ·|÷ l=l¤n n|:-= l<-ni¡¡ºº·: n ~|¤|l¤- +i ¤|(ªi l¤=n l--- +|¤ l+¤ ¤|¤ª ·
¡. ¤+ +i ª¡.ª..º¡. +i lª·|l- ~-=|· nº||¤·il-|- -n-¤·| ª¡ n|- .º¡. +| =n|-- l¤-||i¤ ¤·| + ln( ¤+ + n|·|t|l- nº|| -·|| -+- nº||
~¤l·| + ln( ¤+ +i +|¤vº||ni (¤ ªl-l¤l¬¤| ¤· l-<z|+ n÷n +i l·¤|º -·|| -n-¤·| (¤ nº|| ¤· nº||¤·i-|+| +i l·¤|º ¤· --| +·-|
ª¤i+|· +·-| (¤ ~¤-|-|
.. l¤-|i¤ ¤·| .º¡¡¡. + ln( :l+¤ºi z|¤·| ¤· ¤|l·|+ n|·||z| +i ·||·|º|| +·-|
ª·||- · -: l<-ni :+.~|·.+|n-|
l<-|+ · ¡º/º·/.º¡. ~·¤-| (¤ v¤¬ l-<z|+
(A Government of India Undertaking)
Head Office: 7, Bhikhaiji Cama Place, New Delhi-110 607
(Share Department, Finance Division, 5, Sansad Marg, New Delhi 110001)
Email : [email protected]
NOTICE
NOTICE IS HEREBY GIVEN that the 11TH Annual General Meeting of Shareholders of PUNJAB NATIONAL BANK will be held on
Tuesday, the 26th June, 2012, at 10.00 a.m. at Punjab National Bank Auditorium, Central Staff College, 8 Underhill Road, Civil Lines, Delhi
110054, to transact the following business:
1. To discuss, approve and adopt the Audited Balance Sheet of the Bank as at 31st March 2012, Profit and Loss Account of the Bank for
the year ended 31st March 2012, the Report of the Board of Directors on the working and activities of the Bank for the period
covered by the Accounts and the Auditors' Report on the Balance Sheet and Accounts.
2. To declare Annual Dividend on Equity Shares for the Financial Year 2011-12.
Place : New Delhi (K. R. Kamath)
Date : 18/5/2012 Chairman and Managing Director
7
fºt¤f¢r¤r .
+. ¤r¤=t ¤t fª¤f¤a
¤a+ n -¤lª·|- t|- ~|· n- <- + ¤|·| z|¤·¬|·+ ~¤- ª·||- ¤·
-¤lª·|- t|- ~|· n- <- t- v|+=i l-¤+- +·- +| ·|i ¤|·| t|ª|/t|ªi -·||
(=i v|+=i +| ¤+ +| z|¤·¬|·+ t|-| ~|¤z¤+ -ti t nl+- (=i v|+=i
+| ¤a+ n ¤|n- +| ~l¬+|· -ti t|ª| (=| +|: ·|i ·¤l+- ¤| ¤+ +|
+n-|·i ¤| ~l¬+|·i t v|+=i + ª¤ n l-¤+- -ti l+¤| ¤| =+-|
¤a+ n v|+=i ¤·| + ª|·ºi+-| +| ¤|º <- +| ~l¬+|· -ti t|ª| v|+=i
+ ª¤ n l-¤+- +i ¤|- ¤|ni lnº|- +| v·||¤i +·- + ln( -= z|¤·
l¤·||ª v¬|- +|¤|n¤ · ==< n|ª -: l<-ni ¡¡ººº¡ n ¤a¤ ¤t
artt=r ¤ ¤n = ¤n + fªª ¤¸¤ =ºrra¸ ¤¤¤rt zo ¬¸ª, zo+z ¤r
¤rtr¤rtt =n¤ ¤t =nrfta =ºrra¸ =r¤ s.oo ¤¬ a¤ ¬nr ¤t ªt
¬rqì v|+=i ¤·|n +| v|ª¤ ¤|l·|+ l·¤|º + =|·| =n·- t
z. ¤rf¤¤a ¤fafªf¤ ¤t fª¤f¤a
+|: ·|i (=| ·¤l+- l+=i l-ªln- l-+|¤ + l¤l¬¤-¸ v|l¬+- vl-l-l¬ +
ª¤ n -¤ -+ ¤+ +i ¤a+ n -¤lª·|- t|- ¤| n- <- +| ¤|·| -ti t|ª|
¤¤ -+ -= ¤a+ l¤= n ¤t =+-¤ ¤|l·- l+¤| ª¤| t + ~·¤-| ,|·|
l¤l¬¤-¸ ª¤ = v|l¬+- vl-l-l¬ + ª¤ n -= l-¤+- +·- ¤|n =+-¤
+i =·¤vl- v¬|- +|¤|n¤ · ==< n|ª -: l<-ni ¡¡ººº¡ n lª·|-
¤¤|¤ -z|-n ¤+ + z|¤· l¤·||ª l¤·- v·||ª n ¤a¤ ¤t artt=r ¤ ¤n
= ¤n + fªª ¤¸¤ =ºrra¸ ¤¤¤rt, zo ¬¸ª, zo+z ¤r ¤rtr¤rtt =n¤
¤t =nrfta =ºrra¸ =r¤ s.oo ¤¬ a¤ ¬nr ¤t ªt ¬rqì (=| +|: ·|i
·¤l+- ¤| ¤+ +| +n-|·i ¤| ~l¬+|·i t vl-l-l¬ + ª¤ n l-¤+- -ti
l+¤| ¤| =+-|
s. rr¤t¤rt¤r ¤r tf¬tºt ¤-ª rrªr
¤|l·|+ ~|n ¤a+ -·|| l¤·- ¤·| .º¡¡¡. + ln( ·||l·|- l+( ¤|- ¤|n
¤|l·|+ n|·||z| +i v|l-- + ln( z|¤·¬|·+| + -|n| +i ¤|·|-| + l-¬|·º|
t- ¤+ + z|¤·¬|·+| +| ·l¤ªº· -·|| z|¤· ~-·º| ¤ª-+ ¡·.º·..º¡.
:z|l-¤|·| = .·.º·..º¡. :nªn¤|·| -+ :<|-| l<- z||lnn| ¤< ·tªi
:¤+ + l-<z|+ ¤|÷ - ºº.º·..º¡. +| ~|¤|l¤- ~¤-i ¤a+ n l¤·- ¤·|
.º¡¡¡. + ln( v·¤+ :l+¤ºi z|¤· ¤· ª. ../ :~·||-¸ ..º·| +i <·
= ¤|l·|+ n|·||z| +i l=¤·|l·z| ¤tn ti +· <i t ¤z|- ~|ª|ni ¤|l·|+
~|n ¤a+ n :=+i ·||·|º|| +· <i ¤|(
z|+¤|· l<-|+ ¡· ¤¸- .º¡. ~·||-¸ ¤lt¤| + ¤< t|- + ¤¸¤ l<¤= -+
v|-- z|¤· vn|º|¤·|| =lt- ~--·º| l¤nº| ~l-n n|·||z| +i ¤|·|-| t-
z||lnn +· ln( ¤|(ª
+. =fan ¬r+rrrr ¤r +rnarª
l-<z|+ n÷n ,|·| ºº.º·..º¡. +| t: ¤a+ n ¤·|| ~-z|l=- ¤|l·|+
n|·||z| +i ·||·|º|| ¤l< ¤|l·|+ ~|n ¤a+ n +· <i ¤|-i t -- =·|i
z|¤·¬|·+| +| ¤| ¤+ + z|¤·¬|·+| + ·l¤ªº· n ¡·.º·..º¡. ~·||-¸
¤lt¤| + ¤< t|- + ¤¸¤ l<¤= +| ¤¤i+- t|ª +| -=+| ·|ª-|-
¡..º..º¡. +| +· l<¤| ¤|(ª|
s. ¤rº ¤r =f¤¤rt
¤l+ª +-¤-i :-¤+n| +| ~¤- (¤ ~-·º|| ~l¬l-¤n ¡ºº +i ¬|·|
ª :.:| + v|¤¬|-| + ~-=·º| n ¤+ +| +|: ·|i z|¤·¬|·+ +-:
=·+|· + ~l-l·+- -=+ ,|·| ¬|l·- z|¤·| + =¤¬ n ¤+ + =nª-
z|¤·¬|·+| + +n ¤|º + ~l¬+|· + ¡· = ~l¬+ ¤|lºª + ~l¬+|·
+| t+<|· -ti t|ª| ¤l< +|: z|¤· <| ¤| ~l¬+ ·¤l+-¤| + -|n ¤· t
NOTES:
1. APPOINTMENT OF PROXY
A shareholder entitled to attend and vote at the meeting, is entitled
to appoint a proxy to attend and vote instead of himself/herself
and such a proxy need not be a shareholder of the Bank but the
proxy so appointed shall not have any right to speak at the meeting.
No person shall be appointed as a Proxy who is an officer or an
employee of the Bank. The grantor of an instrument of proxy shall
not be entitled to vote in person at the meeting. The proxy in order
to be effective, must be received by the Bank at Share Department,
Head Office, 5, Sansad Marg, New Delhi 110001 not less than
FOUR DAYS before the date of the meeting i.e. on or before
the closing hours i.e. 5 p.m. on Wednesday, the 20th June,
2012. The format of the proxy form is attached with Annual Report.
2. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE
No person shall be entitled to attend or vote at the meeting as duly
authorized representative of a body corporate, unless a copy of
the resolution appointing him/her as a duly authorized
representative, certified to be a true copy by the Chairman of the
meeting at which it was passed, shall have been deposited at the
Share Department, Finance Division, Head Office, 5 Sansad Marg,
New Delhi 110001, not less than four days before the date of
meeting i.e. on or before the closing hours i.e. 5 p.m. on
Wednesday, the 20th June, 2012. No person shall be appointed
as an authorized representative, who is an officer or an employee
of the Bank.
3. CLOSURE OF REGISTER OF SHAREHOLDERS
The Register of Shareholders and Share Transfer Books of the Bank
will remain closed from 16.06.2012 (Saturday) to 26.06.2012
(Tuesday) (both days inclusive) for the purpose of determining the
eligibility of shareholders to attend Annual General Meeting and
to receive Annual Dividend for FY 2011-12. {The Board of
Directors of the Bank in its meeting held on 09.05.2012 had
recommended Annual Dividend of Rs.22/- per equity share (i.e.
220%) subject to its declaration in the meeting.}
The Transfer Deed(s) along with Share Certificate(s) received upto
Friday the 15th day of June, 2012 i.e. the previous day of start of
Book Closure shall be considered for entitlement of shareholders
to receive the Annual Dividend.
4. PAYMENT OF ANNUAL DIVIDEND
The Annual Dividend as recommended by the Board of Directors
of the Bank in its meeting held on 09.05.2012, if declared at the
Annual General Meeting, will be paid on 12.07.2012 , to those
Shareholders whose names appear on the Register of Shareholders
of the Bank as on 15.06.2012 i.e. the previous day of start of Book
Closure.
5. VOTING RIGHTS
In terms of provisions of Section 3(2E) of the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970, no shareholder
of the Bank other than the Central Government shall be entitled to
exercise voting rights in respect of the shares held in excess of 1%
of the total voting rights of all the shareholders of the Bank. If any
share stands in the names of two or more persons, the person first
8
-| l¤= ·¤l+- +| -|n ·l¤ªº· n ¤tn <¤ t|ª| -= ¤|º <- + =¤¬ n
(+n ¬|·+ n|-| ¤|(ª|
e. ¬r+rrrr ¤ +rnarª ¤ f¬q ;-afzº =f¤ªrr.¤¤ =rra ¤ ª¤rt,
¤a n ¤ft¤aª aºrr =-¤ f¤¤t¢r
¤¸ n¸a=¤ n rr¤t¤rftar
n¸-ª¤ n z|¤·¬|l·- z|¤·¬|·+| = ~-·|¬ t l+ ¤ ~¤- ¤- n
¤l·¤-- ¤+ º||- +| ·¤|·| ~·||-¸ ¤+ +| -|n z||º|| ¤-| º||-|
=º¤| º ~+| +| n|:+· +|÷ ¤=| l+ -+ n l<¤| ª¤| t (¤
:+l÷º ~l¬<z|* ~|l< ·l¤ªº|· (¤ z|¤· ~-·º| (¤º ~·||-¸
qn=tq= f¬. (¤tqª¤t ¤¸fªº¸, q¤·-es, ¤r¬t nf¬¬, =r=r¬r
=rurfn¤ +r·r, ¤·¬ ì, ª; fªr¬t-++oozo +| =¸l-- +· -|l+ ¤
~¤- º||- n =i·| n|·||z| =n¤ ¤· v|-- +· =+ :+l÷º ~l¬
<z|/¤+ +| ·¤|·| ¤·|n +| v|ª¤ ¤|l·|+ l·¤|º + =|·| =n·- t -·||
¤ ¤+ +i ¤¤=|:º ~·||-¸ www.pnbindia.in ¤· ·|i -¤n·¬ t|ª|
=r¸ ;¬¤ºrfª¤ =¤ n rr¤t¤rftar
:n+º|l-+ ª¤ n ¬|l·- z|¤·| + n|·||l·|¤| = ~-·|¬ t l+ ¤
=l-lz-- +· l+ --+| ¤-| ¤+ º||- +| ·¤|·| ~·||-¸ ¤+ +| -|n
z||º|| ¤-| º ~+| +| n|:+· +|÷ ¤=| l+ -+ n l<¤| ª¤| t (¤
:+l÷º ~l¬<z|* ~|l< --+ l÷¤|l¤º·i =t·||ªi + ¤|= l¤l¬¤-¸
~¤-- ª¤ n <¤ t -|l+ ¤ ~¤- º||- n n|·||z| =n¤ ¤· =i¬
v|-- +· =+
* rr¤t¤rt¤ ¤¤¤r ªrº ¤t f¤ ªrrª¬ ;¬¤ºrfª¤ ¤¬t¤ftn f=tºn
(qª;=tq=¸ =¤ª =rra n =t¤ ¬r+rrrr ¤rta ¤tª ¤t +rrtat¤ ft¬¤
¤¤ çrtr fª¤rfta q¤ ¤fa¤r rì ¤r =f¤¤r a+rt s¤¬ª¤ rrnt ¬¤
rr¤t¤rt¤ ¤r =rrar ¤¤ ¤t ¤rt ¤f¤n =rr¤¸rrª (=t¤tq=¸ rrr=rr
n r (rnrt ¤¤ ¤t =+rt rrr=rrq =t¤tq= r¸ aºrr ¬r+rrºrt ª
;-afzº =f¤ªrr fz¤r¬ºtt =r+rrnt (zt¤t¸ ¤ ¤r= ª¬ f¤¤r r
aºrr n¸a =¤ n rr¤t¤rfta rr¤t¤rt¤r ª ;-afzº =f¤ªrr tf¬tºrt
q¤ rr¤t =at¢r q¬º ¤ ¤r= ª¬ f¤¤r rì ;=¤ =faft¤a rr¤t¤
rt¤r ¤ =rra n =-¤ ;-¤fa¤r çrtr +rt ¬r+rrrr ¬nr f¤¤r ¬r =¤ar
rì ;= ¤fa¤r = ¬r+rrrr ¤rtº ¤ nrn n ¤r =-¤ºrr nn rr ¬rª ¤t
=+rr¤ªr ªrt rratì
z. ¬r+rrrr ¤r ¤rta ª rrªr
l¤ª- n ¤+ + n|·||z| ¤|·º + +¤ ln¤·|¤· l¤l·|-- +|·º|| = ~l¤-l·-
¤|l¤= v|-- t( t l¤l·|-- l¤-| ¤·|| + n|·||z| º||-| n l¤-| ¤·| .ºº:º·
= :~ l-n n|·|| z| ·| ª-|- l-l·| ºº.ºº..ºº·| ·|i + ¤ ·|lz| l¤-|
·|ª-|-/~<|¤|+- ¤÷i t: t ~-· l¤- z|¤·¬|·+| +| n|·||z| v|-- -ti
t~| t --= ~-·|¬ t l+ ¤ ·l¤ªº|· (¤ z|¤· ~-·º| (¤º = =-¤+
+·+ --t ~¤-| -¤i--n ¤-| ºni¤·|-/n|¤|:n -. :nn (¤ ~-¤ ·¤|·|
¤= ¤·|ln¤| -./÷i¤i ~|:÷i (¤ ª|t+ ~|:÷i :·¤|l< <
rr¤t¤rt¤ ¤¤¤r ªrº ¤t f¤ =rf¤f¤¤ ¤r¤¤rªr ¤ =ª=rt, ¤fª
¬r+rrrr trfrr ª¤ fafºr = z ¤rrr a¤ f¤ªr +rnarª ªr¤r ¤ trat r,
a¤ +rnarª ª ¤t n; ¤fºra trfrr +rrta =t¤rt çrtr nfaa fª¤rr¤
frr+r¢r q¤ =t+r¢r ¤·z (=r;;¤tq¤·¸ n =afta ¤tªt rrat rì =a.
f¤-r ¤rr zoo+-os (=fan ¬r+rrrr +rnarª fafºr ov.os.zoos¸ ¤
f¬q ¬r+rrrr =rra n =¤ª-a.=ªr¤r¤a trfrr =r;;¤tq¤· ¤r =afta
¤t ªt ¬r¤ntì =a. ¤ rr¤t¤rt¤ f¬-r s¤a ¬r+rrrr ¤rta ªrt r=r
r, sª= =ªtr¤ r f¤ ¤ ;=¤ f¬q =¤ªr ªr¤r os.os.zo+z a¤
named in the register shall, as regards voting, be deemed to be the
sole holder thereof.
6. DIVIDEND MANDATE FOR E-CREDIT/BANK ACCOUNT
DETAILS, CHANGE OF ADDRESS AND OTHER
PARTICULARS :
a) Holding of shares in Physical Form
Shareholders holding shares in physical form are requested to
inform the Registrar and Share Transfer Agent i.e. MCS
Limited (Unit - PNB) F-65, First Floor, Okhla Industrial
Area, Phase I, New Delhi 110020, in respect of change of
address, Bank Account details, viz, Name of Bank, Branch,
Address, Account Number, 9 digit MICR/IFSC code as given
on cheque and E-credit mandate*, etc., so that they receive
dividend directly in their account. The format for E-credit
mandate/Bank details form is enclosed with Annual Report
and is also available on Bank's website i.e. www.pnbindia.in.
b) Holding of shares in Electronic Form.
Beneficial owners holding shares in electronic form are
requested to ensure that the address, Bank details i.e. Name
of Bank, Branch, Address, Account Number, 9 digit MICR/
IFSC code as given on cheque, E-credit mandate*, etc. are
duly updated with their Depository Participant (DP) so that
they may receive dividend directly in their account.
* Shareholders please note that National Electronic Clearing
System (NECS) is a procedure stipulated by Reserve Bank of
India for receiving dividend directly in their account. This facility
is available provided the account of the shareholder is with
Core Banking Solution (CBS) Branch of a Bank (All Branches of
your Bank are in CBS) and the Beneficial owners have got E-
credit mandate recorded with their Depository Participant (DP)
and shareholders holding shares in physical form have got E-
credit mandate recorded with Registrar & Share Transfer Agent.
Further, Dividend may also be credited in the account of
shareholders through other e-mode. This avoids loss of
dividend warrant(s) in transit or otherwise.
7. NON RECEIPT OF DIVIDEND
Bank has received back some undelivered envelopes in the past
containing dividend warrants due to various reasons. Further, certain
amount lying in Unpaid/Unclaimed Dividend Accounts since FY
2004-05 (Final Dividend Payment Date - 09.08.2005) has also not
been claimed. As such, shareholders who have not received/claimed
dividend(s) are requested to contact, Registrar & Share Transfer
Agent by giving their latest address, Mobile/Telephone No., email
and other details viz Folio No./DPID & Client ID etc.
Shareholders please note that as per statutory provisions, if
the dividend amount remains unpaid/unclaimed for 7 years
from the due date, then the said unpaid/unclaimed amount
has to be transferred to Investor Education & Protection Fund
(IEPF) set up by Central Government. As such the unpaid/
unclaimed amount in Dividend Account - FY 2004-05 (Final
Dividend Payment Date - 09.08.2005) has to be transferred
to IEPF. As such the shareholders who have not received/
claimed the said dividend are requested to claim the same not
later than 08.08.2012. The Bank will remit the amount to them
9
on receipt of their request. Please note that once the unpaid
amount is transferred to IEPF, no individual claim shall lie against
the Bank or IEPF. Year-wise list of unpaid/unclaimed dividend
is uploaded on Bank's Website www.pnbindia.in under
"Investors' Info'.
8. REQUEST TO SHAREHOLDERS
a) Please note that copies of the Annual Report will not be
distributed at the venue of the meeting. Shareholders/Proxy
holders/ Authorized Representatives are, therefore, requested
to bring their copies of the Annual Report to the meeting.
(Annual Report alongwith formats is being posted on the Bank's
Website at www.pnbindia.in).
b) Kindly keep the mobile phone switched off inside the
auditorium.
c) Shareholders may kindly note that no gift/gift coupon will be
distributed at the meeting.
9. ATTENDANCE SLIP - CUM - ENTRY PASS
For the convenience of the shareholders, Attendance Slip-cum-Entry
Pass is attached with Annual Report. Shareholders/Proxy Holders/
Authorised Representatives are requested to affix their signatures
at the space provided in Attendance Slip-cum-Entry Pass and
surrender the same in AGM.
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¤t ªnrì ¤¤¤r ªrº ¤t f¤ =¤ª-a trfrr ¤ =r;;¤tq¤· =rra n
=at¢r ¤ ¤r¤ra¸ ¤¤ ¤ ¤r =r;;¤tq¤· ¤ f¤=q ¤r; ª¤f¤ana
ªr¤r ªrt f¤¤r ¬r =¤nrì =¤ª-a.=ªr¤r¤a ¬r+rrrrr ¤t ¤rr¤rt
=¸¤t ¤¤ ¤ ¤¤=r;º www.pnbindia.in ¤ ´;-¤tº= ;-¤·r' ¤
=ana =¤¬rz rì
s. rr¤t¤rt¤r = =ªtr¤
+| z|¤·¬|·+| +| =¸l-- l+¤| ¤|-| t l+ ¤|l·|+ l·¤|º +i vl-¤|
¤|l·| + ~|n ¤ a+ + ª·|n ¤· l¤-l·- -ti +i ¤|( ªi ~-·
z| ¤··||·+| /v| +=i¬|·+| /v|l¬+ - vl-l-l¬¤| = ~- ·| ¬ t l+ ¤ (-ª¸ ¤|·|
·|¤i ¤| ·ti ¤|l·|+ l·¤|º +i ~¤-i vl- ~¤- =|·| n|( ¤|l·|+
l·¤|º ¤l·lz|·º =lt- ¤+ +i ¤¤=|:º www.pnbindia.in ¤· ·|i
-¤n·¬ +·|: ¤| ·ti t
º|| +¤¤| ~|l÷º|l·¤n + ~-<· ~¤-| n|¤|:n ¤·|- ¤-< ·º|
ª| z|¤·¬|·+ +¤¤| -|º +· l+ ¤a+ ª·|n ¤· +|: -¤t|·/+¸¤-
l¤-l·- -ti l+¤| ¤|(ª|
v. s¤ftºrfa ¤¤t aºrr ¤¤rr ¤r=
z|¤·¬|·+| +i =l¤¬| + ln( -¤lª·|l- ¤-i =t v¤z| ¤|= := ¤|l·|+
l·¤|º + =|·| =n·- t z|¤·¬|·+|/v|+=i¬|·+|/v|l¬+- vl-l-l¬¤| =
~-·|¬ t l+ ¤ -¤lª·|l- ¤-i =t v¤z| ¤|= n -l-- ª·||- ¤· ~¤-
tª-|-|· +· -·|| ¤|l·|+ ~|n ¤a+ n := =¤< +·
12
Leading With Strong Fundamentals
13
Asset Quality
Productivity
Comfortable Capital Base
Shareholding Pattern
14
¤nfa. q¤ ª¬t
PROGRESS AT A GLANCE
(` +·|÷ / ` Crore)
a.=. ¤trntºt f¤-r ¤rr os f¤-r ¤rr ov f¤-r ¤rr +o f¤-r ¤rr ++ f¤-r ¤rr +z
Sl. PARAMETERS FY'08 FY'09 FY'10 FY'11 FY'12
1. ¤¸¤i 315 315 315 317 339
Capital
2. l·¤¤ 12003 14338 17408 21192 27479
Reserves
3. ¤n|·|lz|¤| 166457 209761 249330 312899 379588
Deposits
4. ~lªn 119502 154703 186601 242107 293775
Advances
5. +n +|·|¤|· 285959 364464 435931 555005 673363
Total Business
6. +n ¤l·=-¤l-|¤| 199020 246919 296633 378325 458194
Total Assets
7. l-¤z| :=+n| 53992 63385 77724 95162 122629
Investment (Gross)
8. +n z||º||( 4589 4668 5002 5194 5675
Total Branches
9. ¤l·-|n-+|·i n|·| 4006 5690 7326 9056 10614
Operating profit
10. +n ¤|¤¬|- 1958 2599 3421 4622 5730
Total Provision
11. l-¤n n|·| 2049 3091 3905 4433 4884
Net Profit
12. +|·|¤|·/+n-|·i :` n|º| n| 505.0 655.0 808.0 1018 1132
Business/Employee (` lakh)
13. n|·|/+n-|·i :` n|º| n| 3.66 5.64 7.31 8.35 8.42
Profit/Employee (` Lakh)
14. +º| ¤n| ~-¤|- :·| 71.79 73.75 74.84 77.38 77.39
Credit-Deposit Ratio (%)
15. ¤n|·|lz|¤| +i n|ª- :·| 5.59 6.25 5.38 5.24 6.59
Cost of Deposit (%)
16. ~lªn| +i ¤|l-- :·| 10.36 11.41 10.36 10.58 11.67
Yield on Advances (%)
17. l-¤z| ¤· ¤|l-- :·| 6.94 6.92 6.73 7.05 7.91
Yield on Investment (%)
18. l-¤n ·¤|¤ n|l¤ - :·| 3.58 3.52 3.57 3.96 3.84
Net Interest Margin (%)
19. ¤l·=-¤l-|¤| ¤· l·º- :·| 1.15 1.39 1.44 1.34 1.19
Return on Assets (%)
20. ~|¤ ~-¤|- +i n|ª- :·| 46.81 42.50 39.39 41.27 39.75
Cost to Income Ratio (%)
21. =+n (-¤i( :·| 2.74 1.60 1.71 1.79 2.93
Gross NPAs (%)
22. l-¤n (-¤i( :·| 0.64 0.17 0.53 0.85 1.52
Net NPAs (%)
23. ¤¸¤i ¤¤|---| ~-¤|- :¤=n| :·| 12.96 14.03 14.16 12.42 12.63
Capital Adequacy Ratio (Basel II) (%)
– lº¤· 8.52 8.98 9.11 8.44 9.28
– Tier I
– lº¤· 4.44 5.05 5.05 3.98 3.35
– Tier II
24. n|·||z| :·| 130 200 220 220 220
Dividend (%)
15
DIRECTORS' REPORT 2011-12
To The Members
PNB remained frontrunner in the Indian Banking with its Total
Business, Total Deposits and Total Advances growing over 21% on
YoY basis. This is higher than the growth achieved by the Banking
System in India. This performance is combined with the consistently
higher Book Value per Share and Earnings per Share. This impressive
performance was largely due to the Bank's focus on 'Building a
Customer Experience' with thrust on Retail, SMEs, Agriculture,
Students, Inclusive approach to Banking, Cost effective
Organizational Structure, Better Asset Liability Management,
prudent Risk Management, strengthening Recovery Mechanisms
and various Cost Control Measures.
We believe that Customer Experience is not just about Customer
Service. It is also about physical as well as emotional elements.
When both these elements are measured against customers'
expectations, one can have the Best Customer Experience. For
this, 'Customer Loyalty' is our watchword. Today PNB has a country
wide presence with a network of 5670 branches and more than
6000 ATMs that provide its 7.2 crore customers a unique banking
experience. This has also earned the Bank a strong brand equity
and customers' loyalty.
PNB is amongst India's most trusted brands and features at the
25th place amongst the Top 50 most valuable corporate brands by
Brand Finance-ET and 195th amongst top 500 global banks as per
Brand Finance Global Banking 500 for 2011. More importantly,
during 2011-12, PNB has been recognized as the 'Best in Corporate
Social Responsibility (CSR) Overall' by World HRD Congress and
been recognized as the 'Best Socially Responsive Bank' by Business
World & PwC. Besides, Golden Peacock National Training Award
has also been conferred upon the Bank by the Institute of Directors.
Above all, the Bank was recognized as the 'Best Bank' by Business
India.
In this backdrop, your Directors take pleasure in placing the Bank's
Annual Report for 2011-12 along with its audited annual financial
statements.
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~¤- +n +|·|¤|· +n ¤n|·|lz|¤| ~|· +n ~lªn| n ¤·| <· ¤·|
~|·||· ¤· .¡· ¤lz + =|·| ·||·-i¤ ¤l+ª n ¤i(-¤i - ~¤-i
~ªº|i lª·|l- ¤-|( ·º|i ¤t ¤lz ·||·- n ¤l+ª vº||ni ,|·| v|--
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-·|| ¤ l- z|¤· ~|¤ z||lnn t ¤t v·||¤z||ni +|¤ l-·¤|<- ¤ + ,|·|
l·ºn (=(n: +l·| l¤¤|l·|¤| ¤l+ª + ln( ·¤|¤+ <l·º+|º|
n|ª- v·||¤¤¸ º| = ªa-|·n+ ·| -| ¤ t-· ~|lª- < ¤-| v¤-¬- l¤¤ +¤¸ º|
¤|lº|n v¤-¬- ¤=¸ni vl+¤| +| n¤¤¸- +· ~| · l¤l·|-- n|ª-
l-¤·|º| -¤|¤| + +|·º| =·|¤ t| ¤|¤| t
tn (=| n|-- t l+ ª |t+ ~-·|¤ +¤n ª |t+ =¤| ti -ti t :=n
·¤l+-ª- ª¤ = -·|| n|-l=+ ª¤ = =¤| v<|- +·-| ·|i z||lnn t
¤¤ :- <|-| +| ª|t+| +i ~¤-||~| + =|·| n|¤| ¤|( -| ·¤l+-
=¤| -|n ª |t+ ~-·|¤ v|-- +·-| t :=+ ln( ª |t+ l-·a| tn|·|
n|¤¸<| -|·| t ~|¤ ¤i(-¤i +| <z|·|· n ··º z||º||~| +| -º¤+
t ~|· ·ººº = ~l¬+ (ºi(n t ¤| ¤+ + .. +·|÷ ª|t+| +|
l¤lz|·º ¤l+ª ~-·|¤ v<|- +·- t :== ¤+ - (+ n”|¤¸- ¤|º÷
:l+¤ºi -·|| ª|t+| +i l-·a| ~l¤- +i t
¤i(-¤i ·||·- + =¤= ~l¬+ l¤z¤=-i¤ ¤|º÷= n = (+ t ~|·
¤|º÷ ¤·|:-=:ºi + ~-=|· z|i·| ·º =¤= ~l¬+ n¸-¤¤|- +|·¤|·º
¤|º÷ n .·¤ ª·||- ¤· t ~|· ¤|º÷ ¤·|:-= ·n|¤n ¤l+ª ·ºº +
~-=|· .º¡¡ + ln( z|i·| ·ºº ·n|¤n ¤+| n :=+| ¡º·¤| ª·||-
t :== ·|i ¤·+· .º¡º¡¡ + <|·|- ¤i(-¤i +| ¤t ¤-÷
(-~|·÷i +| ª = ,|·| =nª =¤| -|n l-ªln- =|n|l¤+ --|·<|¤i ¤ ·ª+|·
,|·| =-n|l-- l+¤| ª¤| ~|· l¤¤-= ¤-÷ (÷ ¤i÷·-¤¸=i ,|·|
=¤| l·|+ =|n|l¤+ ª¤ = --|·<|¤i ¤ + + ª¤ n =-n|l-- l+¤|
ª¤| :=+ ~l-l·+- l-<z|+ =ª·||- ,|·| := ª|-÷- ¤i+|+ - z|-n
ºl-ª ~¤|÷ = ·|i =-n|l-- l+¤| ª¤| =¤= ¤·+· ¤+ +|
l¤”|-= :lº÷¤| ,|·| '¤ªº ¤+' ~¤|÷ = =-n|l-- l+¤| ª¤|
,= ··a~i¸f= =´, ~i·~ f-¢¢i~ =z·i ¤´~ ~i «·i .n111. ~i
«if·i~ f:·i÷ ·=~ ¬«ii ·:if÷i³ «if·i~ f«-ii« ·f:ªii=i´ ~ =iºi
×÷³³ ~:³ z ´
16
rnrtr ¤r¤ fªr¤rªª
OUR PERFORMANCE
1. f¤-rt¤ s¤¬fª¤¤r .FINANCIAL HIGHLIGHTS
1.1. a¬ª ¤·r.BALANCE SHEET
(` +·|÷ / ` Crore)
f¤¤t¢r.Particulars 2010-11 2011-12 ¤ fq (x¸.Growth (%)
¤¸¤i (¤ ¤|·l-|- l-l¬ 21509 27818 29.3
Capital & Reserves
+n +|·|¤|· 555005 673363 21.3
Total Business
¤n|·|lz|¤| 312899 379588 21.3
Deposits
-¤¸- n|ª- ¤n|·|lz|¤| :¤-- (¤ -|n¸| 120325 134129 11.5
Low cost Deposits (Savings and Current)
~lªn 242107 293775 21.3
Advances
º|<·| +º| 23621 29196 23.6
Retail Credit
¤|·|ln+-| -|·| +º| 75652 95898 26.8
Priority Sector Credit
=nl¤- l-¤n ¤+ +º| +| ¤l-z|- 40.67 40.70 –
-% of Adjusted Net Bank Credit (ANBC)
+l·| +º| 35462 45917 29.5
Agricultural credit
=nl¤- l-¤n ¤+ +º| +| ¤l-z|- 19.30 19.34 –
-% of Adjusted Net Bank Credit (ANBC)
1.2. ¬r+r.PROFIT
(` +·|÷ / ` Crore)
f¤¤t¢r f¤-r ¤rr zo+o-++ f¤-r ¤rr zo++-+z ¤fq (x¸
Particulars FY 2010-11 FY 2011-12 Growth (%)
¤l·-|n-ª- n|·| 9056 10614 17.2
Operating profit
¤ |¤¬|- 4622 5730 24.0
Provisions
l-¤n n|·| 4433 4884 10.2
Net profit
17
1.3. =r¤-ª¤¤ f¤¤t¢r.INCOME & EXPENDITURE
(` +·|÷ / ` Crore)
f¤¤t¢r f¤-r ¤rr zo+o-++ f¤-r ¤rr zo++-+z ¤fq (x¸
Particulars FY 2010-11 FY 2011-12 Growth (%)
·¤|¤ ~|¤ 26986 36428 35.0
Interest income
~lªn/l¤n| ¤· ·¤|¤/l÷ª+|-º 21105 28447 34.8
- Interest/discount on advances/bills
l-¤z|| ¤· ~|¤ 5638 7692 36.4
- Income on investments
ª· ·¤|¤ ~|¤ 3613 4203 16.3
Non-interest income
+niz|- (+=-¤ ¤ ¤|+·¤ 2045 2375 16.1
Commission, Exchange & Brokerage
l-¤n ·¤|¤ ~|¤ 11807 13414 13.6
Net Interest Income
+n ~|¤ 30599 40631 32.8
Total Income
·¤|¤ ¤lz 15179 23014 51.6
Interest expended
¤n|~| ¤· ¤<- ·¤|¤ 13795 21396 55.1
- Interest paid on deposits
+n ¤l·-|n-ª- ·¤¤ 6364 7003 10.0
Total Operating expenses
ª·||¤-| ·¤¤ 4461 4723 5.9
- Establishment expenses
+n ·¤¤ 21543 30016 39.3
Total Expenses
¤l·-|n- n|·| 9056 10614 17.2
Operating profit
¤|¤¬|- (¤ ¤|=lª+ ·¤¤ 4622 5730 24.0
Provisions and contingencies
fª¤¬ ¬r+r 4433 4884 10.2
Net profit
fºt¤¢rt . «i· =´ ~´³: :i·´f÷´· ~i´·· ~ ~i:ªi z
Note: Difference in totals is due to rounding off
18
1.4. ¤n=r =ª¤ra
+.+ KEY RATIOS
(¤ l-z|-/Percentage)
f¤¤t¢r
PARTICULARS 2010-11 2011-2012
l-l¬¤| +i ~|=- n|ª- 4.57 5.62
Average cost of funds
l-l¬¤| +| ~|=- ¤l-¤·n 8.12 8.89
Average yield on funds
:l+¤ºi ¤· ~|¤ 22.13 18.52
Return on Equity
l-¤n ·¤|¤ n|l¤- 3.96 3.84
Net Interest Margin
~|lª-¤| ¤· ~|¤ 1.34 1.19
Return on Assets
~|¤ n|ª- ~-¤|- 41.27 39.75
Cost to Income Ratio
~|=- +|¤z|in l-l¬¤| +i -n-| n ¤l·-|n- ·¤¤ 1.91 1.71
Operating expenses to Average Working Funds
~|=- +|¤z|in ¤¸¤i +i -n-| n ¤l·-|n-ª- n|·| 2.72 2.59
Operating profit to Average Working Funds
¤l- z|¤· ~|¤ :ª¤¤| 140.6 154.2
Earnings per share (`)
¤l- z|¤· ¤ti n¸-¤ :ª¤¤| 632.5 777.4
Book value per share (`)
l-¤n ~lªn| + n+|¤n l-¤n (-¤i( +| ~-¤|- 0.85 1.52
Net NPAs to Net advances
¤|¤¬|- +¤·¤ ~-¤|- 73.21 62.73
Provision Coverage Ratio
=i~|·(~|·¤=n 12.42 12.63
CRAR - Basel II
2. OPERATIONAL HIGHLIGHTS DURING THE YEAR
• Bank has expanded its wealth management services by
foraying into Life Insurance business and tie-up with Metlife
India Insurance Company Ltd.
• Bank has expanded its international foray to 10th destination
viz. Sydney, Australia. Further we are exploring possibilities
for presence in Maldives, South Africa, Bangladesh, Myanmar,
Singapore and Brazil.
• Taking forward its mission of "Banking for the unbanked", under
Financial Inclusion Plan, Bank has covered all its 4588 villages
allotted under the Swabhiman campaign of Govt. of India
through Business Correspondents.
• Bank has made a positive contribution towards community
by further streamlining its CSR activities. Towards this, 'PNB
Prerna', an association/body of wives of top executives of the
Bank to carry forward the CSR agenda of the Bank, has
completed one year of its existence.
z. ¤ft¤r¬ªna f¤rrrrarq
• ¤+ - ¤i¤- ¤in| +|·|¤|· n v¤z| +· ~|· nºn|:¤·
:l÷¤| :z¤|·= +¤-i ln. + =|·| lnn+· ~¤-i =¤l-|
v¤-¬- =¤|~| n l¤ª-|· l+¤|
• l=÷-i ~|ªºln¤| n ¡º -: ¤ªt| ¤· ¤|+· ¤+ - ~¤-i
~-·| ·ºi¤ -¤lª·|l- n ¤lz +i :=+ ~n|¤| n|n,i¤
<l-|º|i ~+i+| ¤ªn|<z| -¤|-n|· l=ª|¤· ~|· ¤|¤in n
-¤lª·|l- +i =·||¤-|( º||¤i ¤| ·ti t
• l¤-|i¤ =n|¤z|- ¤|¤-| + ~-ª- ''¤+ ·lt- n|ª| +
ln( ¤l+ª'' -¤n·¬ +·|- + ~¤- n-¤ +| ~|ª n
¤|- t( ¤+ - l¤¤-= +|·=¤|÷º¸= ,|·| ·||·- =·+|· +
ª¤|l·|n|- ~l·|n|- + ~-ª - ~|¤lº- ~¤- =·|i :·ºº
ª|¤| +| +¤· +· ln¤| t
• ¤+ - =i(=~|· ªl-l¤l¬¤| +| ~|· ~l¬+ =·n ¤-|+·
=n|¤ + ¤ l- =+|·|·n+ ¤|ª<|- l<¤| :=+ ln( '¤i(-¤i
v·º|| (+ =ª·||' ¤+ + l-ªln- =|n|l¤+ --|·<|l¤·¤
+ (¤º÷| +| ~|ª ¤·|- + -ªz¤ = ¤+ + z|i·|
+|¤¤|n+| +i ¤l·-¤| +i (=|l=(z|-/l-+|¤ - ~¤-i
n|¤¸<ªi +| (+ ¤·| ¤¸·| l+¤|
19
• Bank is establishing e-lobbies for providing 24 x 7 banking
Services and is also opening GenNext Branches to cater to the
needs of younger generation.
• Bank has made its technology platform more robust with
necessary up-gradations. It has successfully migrated to next
version of Finacle (7.0.25) for better Customer service.
• Various customer friendly initiatives were introduced by the
Bank to provide quality experience to our esteemed customers,
like Introduction of Cash Deposit machines, Self Service
passbook printing terminals, SMS alerts, 'PNB Welcome Kit'
for HNI / salaried account holders, etc.
• Bank continued its expansion by adding over 450 branches
and 950 ATMs during the year.
• Bank introduced many new customized offers targeting special
customer segments like new education loan scheme 'PNB
Pratibha', MSME schemes like 'PNB weavers Credit card' and
'PNB Super Trade', new term deposit product like 'PNB 1111
days', 'prospective senior citizen scheme', etc.
3. DIVIDEND
The Board of Directors has recommended a dividend of 220% for
the year 2011-12.
4. CORPORATE GOVERNANCE
The Bank is committed to best practices in Corporate Governance
by adhering to high standards of transparency, accountability, ethical
business practices, operational efficiencies and social responsiveness
for maximizing interest of all the stakeholders.
As a listed entity, Bank is complying with various regulatory
requirements. Bank has complied with the guidelines of Reserve
Bank of India and SEBI on the matters relating to Corporate
Governance, which has been examined by the Statutory Central
Auditors.
PNB follows practices that provide its financial stakeholders a high
level of assurance on the quality of Corporate Governance. These
best practices are reaffirmed by CGR-2 rating of the rating agency,
ICRA Ltd reflecting a high level of assertion on the quality of
corporate governance of the Bank.
5. BOARD OF DIRECTORS
As on 31.03.2012, there are 12 Directors on the Board of the Bank
including 3 whole time Directors, i.e Chairman and Managing
Director and two Executive Directors.
During the Year 2011-12, the following changes took place in the
composition of Board of Directors:
• Shri M.A. Antulay, part time non official Director was re-
appointed on 20.05.2011.
• Shri M.V. Tanksale, Executive Director demitted the office on
28.06.2011 on his elevation as Chairman & Managing Director
of Central Bank of India.
• ¤ + .: X ¤l+ª =¤|( v<|- +·- + ln( :n|¤i
ª·||l¤- +· ·t| t -·|| -|¤¤|- ¤i·i +i ~|¤z¤+-|~| +
ln( ¤--+=º z||º||( º||n ·t| t
• ~|¤z¤+ ~¤ª ÷ z|- +· ¤ + - v| ¤| lª+i -n º¤·|n +| ~| ·
n¤¤¸ - ¤-|¤| ¤ t-· ª |t+ = ¤| + ln( ¤ + - l¤·- +n
:.º..·| + ~ªn ¤¤ - ¤· =¤·n-|¤¸ ¤ + n|:ª º l+¤|
• ¤+ - ~¤- lv¤ ª|t+| +| ªº|¤-|| ~-·|¤ v<|- +·- +
ln( -+<¤n| nz|i-| = -¤· =l¤ = ¤|=¤ + lvlº ª ºln -n|
(=(n(= ~nº (-(-~|: /¤-- ·||ªi º||-| ¬|·+| + ln(
'¤i(-¤i ª¤|ª- l+º¸=' :·¤|l< ¤ =i l¤l·|-- ª |t+ -¤¤|ªi
=¤|( z|ª +i
• ¤·| + <|·|- ¤+ - :·º z||º||( º||n+· ~|· º·º (ºi(n
nª|+· ~¤-| l¤ª-|· ¤|·i ·º||
• ¤+ - l¤z|·| +º| + ª|t+| + ln( +: -¤ l¤lz|·º ¤=
'¤i(-¤i vl-·||' (n(=(n: ¤|¤-|( ¤= '¤i(-¤i ¤i¤=
+l÷º +|÷' -·|| '¤i(-¤i =¤·º÷' '¤i(-¤i ¡¡¡¡' ¤=
-¤ ln¤|<i ¤n| ·|lz| -·¤|< '·||¤i ¤l··a -|ªl·+ ¤|¤-|'
:·¤|l< -: =¤|( z|ª +i
s. ¬r+rrrr
l-<z|+ n÷n - ¤·| .º¡º¡¡ + ln¤ ..º· + n|·||z| +i
l=¤·|l·z| +i t
+. ¤rt¤rtº n¤ª-=
¤|·<lz|-| --|·<|l¤·¤ l=z|-- ~|¬|l·- ·¤¤t|· ¤l·-|n- +|¤-|n-|
=·¤l-·a| +| n|-¤-| -·|| =·|i ªº|+ t|-÷·| + lt-| +i ·-|| + ln(
=|n|l¤+ ¤¤|¤<ti +| ~-¤|n- +·- t( ¤+ +|·¤|·º ª¤--= n
=¤| -|n ·¤¤t|·| + ln¤ vl-¤z t
(+ =¸-i¤z : +|: + ª¤ n ¤ + l¤l·|-- l-¤|n+ ~|¤z¤+-|~| +|
~-¤|n- +·-| t ¤+ - +|·¤|·º ª¤--= = =¤l¬- n|nn| ¤·
·||·-i¤ l·¤¤ ¤+ ~|· =¤i + n|ªl-<z|| +| ~-¤|n- l+¤| t
l¤=+i =|l¤l¬+ +-:i¤ nº|| ¤·i-|+| ,|·| ¤|- +i ª: t
¤i(-¤i ¤·¤·|~| +| ¤|n- +·-| t ¤| :=+ l¤-|i¤ ltª=<|·| +|
+|·¤|·º ª¤--= +i +¤|lnºi ¤· --- ª-·i¤ ~|z¤|=- <-| t ¤
=¤|-|n ¤l+¤|( ~|:=i~|·( ln. +i ·lºª (¤-=i +i =i¤i~|· .
·lºª n v<lz|- t|-i t ¤| ·||·- n l+=i l¤-|i¤ =ª·|| +| lnni
=¤|-- ·lºª t
s. fªªrr¤ nz¬
l<-|+ ª¡.º..º¡. +| ~·¤-| (¤ v¤¬ l-<z|+ -·|| <| +|¤ ¤|n+
l-<z|+| =lt- ¤+ + l-<z|+ n÷n n ¡. l-<z|+ ·|
¤·| .º¡¡¡. + <|·|- l-<z|+ n÷n =·--| n l---lnlº|- ¤l·¤--
t ( ·
• >i (n.(. ~-- n ~-¤+|ln+ ª · =·+|·i l-< z|+ +|
.º.·..º¡¡ +| ¤-· l-¤+- l+¤| ª¤|
• >i (n.¤i. º|+=|n +|¤¤|n+ l-<z|+ - =-ºn ¤+ ~|¤·
:l÷¤| n ~·¤-| (¤ v¤-¬ l-<z|+ + ¤< ¤· ¤<|--l- + +|·º|
l<-|+ .º.º·..º¡¡ +| +|¤| n¤ = ¤<·¤|ª +· l<¤|
20
• Smt. Usha Ananthasubramanian was appointed as Executive
Director of the Bank on 18.07.2011.
• Shri Anurag Jain, GOI Nominee Director was nominated by
the Govt. of India on 03.08.2011 in the position earlier held
by Smt. Ravneet Kaur.
• Shri B.B. Choudhary, Director under Chartered Accountant
category, was appointed by the Govt. of India on 23.09.2011.
• Shri V.K. Mishra, part time non official Director ceased to be
Director on the Board of the Bank w.e.f. 05.12.2011 on
completion of his tenure.
• Shri D.K. Singla, Shri T.N. Chaturvedi and Shri G.R. Sundaravadivel,
Shareholder Directors, demitted their offices on 27.12.2011
on completion of their tenure on the Board of the Bank.
• 3 new Shareholder Directors namely, Shri M.N. Gopinath,
Shri D.K. Singla and Dr. Sunil Gupta have been elected as
Shareholder Directors in the EGM held on 20.03.2012.
The Board welcomes Smt. Usha Ananthasubramanian, Executive
Director, Shri Anurag Jain, Shri B.B. Choudhary and Shri M.A. Antulay
(re-nominated), Shri M.N. Gopinath, Shri D.K. Singla (re-elected)
and Dr. Sunil Gupta, as Directors on the Board of the Bank. The
Board also wishes to place on record its appreciation for the valuable
contributions made by Shri M.V. Tanksale, the then
Executive Director, Shri V.K. Mishra, Shri T.N. Chaturvedi and Shri
G.R. Sundaravadivel, the Directors.
6. Details of various meetings held up to 31st March, 2012:
S. Meeting Number of S. Meeting Number of
No. Meetings No. Meetings
held upto held upto
March, 2012 March, 2012
1 Board Meeting 13 11 Share Transfer 24
Committee
2 Management 19 12 Shareholders'/ Investors' 6
Committee Grievances Committee
3 Committee of Directors 4 13 Directors Promotion 1
to review vigilance & Committee
non-vigilance cases
4 Audit Committee of Board 11 14 Appellate & Reviewing –
Authority
5 Risk Management 4 15 Steering Committee 4
Committee Vision 2013
6 Special Committee of 9 16 Nomination Committee 1
Board to Monitor and
Follow Fraud cases of
Rs. 1.00 crore and above
7 IT Committee of the Board 4 17 Insurance Joint Venture 5
Committee
8 P.A. Committee 6 18 Organisational 2
Transformation &
Business Excellence
Programme
9 Remuneration Committee 1 19 Credit Approval Committee 8
10 Customer Service Committee 4
• >in-i -·|| ~---= ¤ nº¤- +i ¡º...º¡¡ +| ¤ + + +|¤ ¤|n+
l-<z|+ + ª¤ n l-¤l+- t:
• >i ~-·|ª ¤- ·||·- =·+|· + -|ln- l-<z|+ +| ·||·- =·+|·
,|·| ºª.ºº..º¡¡ +| >in-i ·¤-i- +|· + ª·||- ¤· -|ln-
l+¤| ª¤|
• -|º÷ (+|--ºº >º|i + ~-ª- l-<z|+ +i >i ¤i.¤i. -|¬·i
+i ·||·- =·+|· ,|·| .ª.ºº..º¡¡ +| l-¤l+- +i ª:
• >i ¤i.+. ln>| ~-¤+|ln+ ª · =·+|·i l-<z|+ +| +|¤ +|n
=n|-- t|- ¤· l<-|+ º·.¡...º¡¡ = ¤ l-<z|+ -ti ·t
• >i ÷i.+ . l= ªn| >i ºi.(-. -- ¤ <i -·|| >i ¤i.~|·.
=-<·|¤|l÷¤n z|¤·t|-÷· l-<z|+ - ¤+ + ¤|÷ +| +|¤+|n
=n|-- t|- ¤· ..¡...º¡¡ +| ~¤- +|¤| n¤ = ¤<·¤|ª +·
l<¤|
• ª -( z| ¤·t| -÷· l-< z|+| -|n-· >i (n.(-. ª| ¤i-|·|
>i ÷i.+. l=ªn| -·|| ÷|. =-in ª--| +| .º.ºª..º¡. +| t:
:¤i(n n z|¤·t|-÷· l-<z|+| + ª¤ n n-|-i- l+¤| ª¤|
¤|÷ >in-i -·|| ~-=¤nnº¤- +|¤¤|n+ l-<z|+ >i ~-·|ª ¤-
>i ¤i. ¤i. -| ¬·i ~| · >i (n. (. ~-- n :¤ -·-| ln-|
>i (n.(-. ª|¤i-|·| >i ÷i.+. l=ªn| :¤-l-¤|l--| -·|| ÷|. =-in
ª--| +| ¤+ + ¤|÷ n l-<z|+ + ª¤ n ª¤|ª- +·-| t ¤|÷
>i (n.¤i. º|+=|n ·|¸-¤¸¤ +|¤¤|n+ l-<z|+ >i ¤i.+. ln>|
>i ºi.(-. --¤<i -·|| >i ¤i.~|·. =-<·|¤|l÷¤n l-<z|+| ,|·| v<|-
+i ª: -·+·º =¤|~| +| -|º +·-| t
e. s+ nr¤ zo+z a¤ =r¤rf¬a f¤f+r-ª ¤a¤r ¤ f¤¤t¢r .
a. ¤a¤ ¤a¤r ¤t a. ¤a¤ ¤a¤r ¤t
=. ==¤r =. ==¤r
nr¤, zo+z nr¤, zo++
a¤ a¤
+ ¤|÷ +i ¤a+ ¡ª ++ z|¤· ~-·º| =lnl- .:
z v¤¬- =lnl- ¡º +z z|¤·¬||·+|/l-¤z|+| +i ·
lz|+|¤- =lnl-
s =-+-| ~|· ª·=-+-| : +s l-<z|+ ¤<|--l- =lnl- ¡
n|nn| +i =ni-|| +·- +
ln¤ ¤|÷ +i =lnl-
+ ¤|÷ +i nº|| ¤·i-|| =lnl- ¡¡ ++ ~¤ini¤ (¤ =ni-||
¤ |l¬+|·i
s ¤|lº|n v¤¬- =lnl- : +s l¤¤ - .º¡ª + ln( :
=-|n- =lnl-
e ¡.ºº +·|÷ ª. ~|· -== º +e -|n| +- =lnl- ¡
~l¬+ +i ·|lz| ¤|n
¬||º||¬÷i + n|nn| +i
l-ª·|-i ~|· ~-¤-i +|·¤|:
+·- + ln¤ ¤|÷ +i
l¤z|·| =lnl-
z ¤|÷ +i ~|: ºi =lnl- : +z ¤in| =¤+- -¤n =lnl- ·
s ¤i.(. =lnl- · +s =ªa-|·n+ ª¤|·-º| .
~|· +|·|¤|· -·+·º-| +|¤+n
v ¤|l·>ln+ =lnl- ¡ +v +º| ~-n|<- =lnl- º
+o ª |t+ =¤| =lnl- :
21
7. ACKNOWLEDGMENTS
The Board of Directors thank the Government of India, Reserve
Bank of India, Securities and Exchange Board of India, Stock
Exchanges, Bank's customers, public and the shareholders for
valuable support, continued patronage and confidence reposed in
the bank.
The Board also wishes to place on record its appreciation for the
valuable contribution of the members of the Bank's staff at all levels
and look forward to their continued involvement in achieving the
future goals.
For and on behalf of Board of Directors
CHAIRMAN AND MANAGING DIRECTOR
z. =r+rrt
¤+ +| l-<z|+ n÷n ·||·- =·+|· ·||·-i¤ l·¤¤ ¤+ ·||·-i¤
vl-·|¸l- (¤ l¤l-n¤ ¤|÷ :=¤i| =º|+ (+=-¤ ¤+ + ª|t+|
¤--| ~|· z|¤·¬|·+| +| --+ ¤+ n l-·--· =·-|º| ~|· l¤z¤|=
+ ln¤ ¬-¤¤|< <-| t
l-<z|+ nº÷n ¤ + + =nª- ª-·| + =º|¤· =<ª¤| + ~n¸-¤
¤|ª<|- + ln¤ --+i vz|=| +·-| t ~| · ~|z|| +·-| t l+ ·||¤i
n-¤| +| ¤¸·| +·- n ¤ ~¤-| l-·--· ¤|ª<|- <ª
¤a fªªrr¤ nz¬
=ª¤+r q¤ ¤¤¤ fªªrr¤
22
Management Discussion and Analysis
Business and Economic Environment
The financial year gone by proved to be a challenging year for the
economy. GDP growth rate came down from 8.4% in previous
two consecutive financial years to below 7% this year with the
first three quarters registering a slower growth rate sequentially.
However, on the assumption of higher domestic investment and
domestic consumption, growth rate is assumed to be higher at
7.6% (7.3% by RBI) for FY 2012-13 and 8.6% for FY 2013-14 as
per CSO.
As per World Economic Outlook (WEO) of IMF released in April
2012, global output is expected to expand by 3.5% in 2012 lower
than 3.9% in 2011. During 2012, Advanced economies (AEs) are
expected to grow by only 1.4% compared to 1.6% in 2011.
Growth rate of Emerging and Developing economies (EDEs) has
also come down to 5.7% compared to 6.2% in 2011. Situation
is expected to improve moderately in 2013 when global GDP is
expected to grow by 4.1% with AEs and EDEs growing by 2.0%
and 6.0%, respectively. While the average price of oil in U.S.
dollars per barrel was $104.01 in 2011, it is expected to be at
$114.71 in 2012 and $110 in 2013, based on futures markets.
Similarly, World trade growth is expected to slow down further
to 4.0% in 2012 from 5.8% in 2011.
Continued uncertainties in the euro zone, elevated crude oil prices
and a further slump in global trade pose the biggest threats to the
growth outlook. As far as the sectoral scenario of Indian economy
is concerned, growth rate of both agriculture and industry has
declined this year with services sector being the main driver of
GDP growth.
Agriculture and allied activities is expected to have grown by
2.5-3.0% in 2011-12 against the target 4.0% and much below
7.0% growth last year. As per the India Meteorological Dept,
Monsoons in 2012 may be "above normal" leading to good
performance of agriculture in the ensuing year aided by lower base
effect. Growth rate as per Index of Industrial Production (IIP)
decelerated to 2.8% during 2011-12 from 8.2% last year due to
high interest rates, higher input costs and slackening of investment
and consumption demand. Capital goods and intermediate goods
registered negative growth of 4.1% (14.8%) and 1.0% (7.4%),
respectively and the growth of the consumer durables sector
decelerated to 2.5% (14.2%). Services sector is expected to have
grown by 9.4% in 2011-12 against 9.3% in 2010-11.
India's exports crossed the target of $300 billion to reach $303.7
billion during 2011-12 with a growth of 21%. Imports grew at a
faster pace of 32.1% to reach $ 488.6 billion. Trade deficit, grew
to $185 billion. Indian rupee remained volatile and depreciated
·¤´~- f«¬i:f«=¢i ³ºii f«¢¬·iªi
¤rtr¤rtt aºrr =rfºr¤ ¤rar¤t¢r
¤i-| t~| l¤-|i¤ ¤·| ~·|·¤¤ª·|| + ln( --|l-¤| = ·|·| ¤·| ·||
¤i÷i¤i l¤+|= <· l¤¤n nª|-|· <| ¤·|| n º.:· +i -n-| n :=
¤·| ·|º+· · = +n t| ª: l¤=n ¤tni -i- l-n|lt¤| - +n|-=|·
¬ini ¤lz <· l<º||: ¤t·t|n --- ·|·n¸ l-¤z|| ~| · --- ·|·n¸
º|¤- + ¤¸¤| -n|- ¤· l¤-|i¤ ¤·| .º¡..º¡ª + ln( l¤+|= <· +|
~-n|- .·· nª|¤| t :·||·-i¤ l·”|¤ ¤ + ,|·| ¤t .ª· t | ~| ·
l¤-|i¤ ¤·| .º¡ª.º¡: + ln( ¤t ~-n|- º.·· t
~- ·| ·º i¤ n < | +| ·| + ~¤ n .º¡. + l¤z¤ ~|l·| + ¤l·< z¤ :÷·-¤¸ : ~| |
+ ~- =|· .º¡. n ¤ lz¤+ -·¤|< n ª.·· +i ¤ lz ~- n|l-- t ¤|
l+ .º¡¡ + ª.º· = +n t .º¡. + <| ·|- ---- ~·| ·¤¤ª·|| n
.º¡¡ + ¡.·· +i - n-| n ¡.:· +i ¤ lz ~- n|l-- t -·|·-i ~| ·
l¤+|=z|in ~·| ·¤¤ª·|| n ·|i .º¡¡ + ·..· +i - n-| n ·|º+·
·.· ¤ lz +i ti ~¤ -|| t .º¡ª n lª·|l- n ·|| ÷ | ¤t - = ¬|· t| - +i
--ni< t ¤¤ ¤ lz¤+ ¤i÷i¤i n :.¡· +i ¤ lz +| ~| · ----
~·| ·¤¤ª·|| ~| · -·|·-i ~| · l¤+|=z|in ·¤¤ª·|| n +nz|· ..º· -·||
·.º· +i ¤ lz +| ~- n|- t .º¡¡ n - n +| ~| =- n¸ -¤ ¡º:.º¡
~n·i+i ÷|n· ¤ l- ¤ ·n ·|| ·|l¤·¤ ¤|¤|·| + ~|¬|· ¤· :=+|
~|+n- n¸ -¤ .º¡. n ¡¡:.¡ -·|| .º¡ª n ¡¡º.ºº ~n·i+i ÷|n·
t :=i ¤ +|· l¤z¤ ·¤|¤|· ¤ lz ·|i .º¡¡ + ·.º· +i - n-| n ~| ·
~l¬+ ·|º+· .º¡. n :.º· t| - +| ~- n|- t
¤¸·| -|·| n l-·-· ~l-lz---|( ¤·- +-- -n + <|n ~|· ¤lz¤+
·¤|¤|· n ~|· ~l¬+ lª·|¤º l¤+|= =·||¤-|~| + ln( =¤= ¤÷|
º|-·| t ¤t| -+ ·||·-i¤ ~·| ·¤¤ª·|| + -|·|i¤ ¤l·<z¤ +| =¤|n
t +l·| ~|· -¤|ª <|-| +i ti l¤+|= <· n +|¤·i ~l¬+ lª·|¤º
~|: t ~|· +¤n =¤| -|·| ti ¤i÷i¤i l¤+|= n ~ªº|i ·t|
.º¡¡¡. n +l·| ~|· =¤¬ ªl-l¤l¬¤| n :· + n-¤ + n+|¤n
..·ª.º· +i ¤lz +| ~-n|- ·|| ¤| l+ l¤¤n ¤·| +i .º· +i
¤lz = ¤t- +n t ·||·-i¤ n| =n l¤·||ª + ~-=|· .º¡. n
n|-=¸- '=|n|-¤ = ~l¬+' t| =+-| t l¤== ~|- ¤|n ¤·| n
n|~· ¤= ¤ ·||¤ +i =t|¤-| = +l·| n ~-¤| l-·¤|<- t| =+-| t
--- ·¤|¤ <·| --- :-¤º n|ª-| -·|| l-¤z| ~|· º|¤- n|ª| n n<i
+ -n- ~| ¤|lª+ -·¤|<- =¸-+|+ :~|: ~|: ¤i| + ~-=|· ¤lz
<· l¤¤n ¤·| + º..· = lª·+· ¤·| .º¡¡¡. + <|·|- ..º· t:
¤¸¤iª- n|n ~| · n·¤¤-i ¤ª-~| n +nz|· :.¡· :¡:.º·| -·||
¡.º· :.:·| +i -+|·|·n+ ¤lz l<º||: ~| · -¤·||+-| ¤ª- -|·|
n ¤lz lª·+· ..·· :¡:..·| t| ª: =¤| -|·| n .º¡º¡¡ +
º.ª· +i ¤ lz + n +|¤n .º¡¡¡. n º.:· +i ¤ lz +|
~- n|- ·||
·||·-i¤ l-¤| - .º¡¡¡. + <| ·|- ªºº l¤ln¤- ÷|n· + n-¤ +|
¤|· +· ªºª. l¤ln¤- t| ª¤| l¤=n .¡· +i ¤lz t: ~|¤|-
¤·+· :ºº.· l¤ln¤- ÷|n· t| ª¤| l¤=n ª..¡· +i ¤lz t:
·¤|¤|· ·||º| ¤·+· ¡º· l¤ln¤- ÷|n· t| ª¤| ·||·-i¤ ª¤¤| ~lª·|·
23
significantly against US dollar in 2011-12. Rupee depreciated by
14.25% over the year from ` 44.58 per dollar on 31st March 2011
to ` 50.95 per dollar on March 30, 2012. Going forward, it may
remain volatile in view of the balance of trade deficit and
contemporary trend of movement in capital flows. Forex reserves
stood at $294.4 billion as on March 30, 2012.
Economy has been moving forward on its fiscal consolidation path
as planned but the fiscal situation remained challenging. Fiscal deficit
which is at the level of around 6% of GDP in FY 2011-12 is targeted
at 5.1% for FY 2012-13.
After remaining above 9% during April-November 2011, y-o-y
headline wholesale price index (WPI) based inflation rate moderated
to 7.7% in December 2011. It stood at 6.9% in March 2012 on
account of sharp rise in Primary Articles inflation and is pegged at
6.5% for the FY ending March 2013.
Early indicators such as pick up in credit, cement off-take, expansion
mode in Purchasing Manger's Index (PMIs), uptick in Reserve Bank's
services composite indicator suggest that growth may have
bottomed out. While in the short run the challenges seems pertinent,
moving forward, the recovery is likely to pick up gradually in medium
term.
Banking Developments
Money supply (M3) growth, which was 17% at the beginning of
the financial year 2011-12, moderated during the course of the year
to about 13% by end-March 2012. It was lower than the RBI's
indicative trajectory of 15.5%, mirroring both tightness in primary
liquidity and lower credit demand during most part of
the year. Aggregate Deposits of the SCBs grew by 17.4% during
2011-12 (as on LRF March 2012). Non-food credit grew by 16.8% at
the end of March 2012, higher than the indicative projection of 16%.
For the FY 2012-13, M3 growth projection has been retained at
15% and Non-food credit growth at 17% and that for deposits at
16% by RBI in annual monetary policy statement on April 17, 2012.
As per the Financial Stability Report (FSR), December 2011, stress
tests indicate that banking sector would be able to withstand the
risks emanating out of the above scenario.
Industry Structure
There were 163 Scheduled Commercial Banks (SCBs) and 4 Non-
Scheduled Commercial Banks in Indian Banking System as at end
March 2011. Out of these, there were 26 Public Sector Banks,
82 Regional Rural Banks, 21 Private Sector Banks and rest were
foreign banks.
PNB remained the largest nationalized bank in terms of business
with more than 5670 branches and 7.2 crore customers throughout
the country. As on March' 2012, PNB's share in system's aggregate
deposits improved to 5.60% from 5.28% in March'2011. During
·t| ~| · .º¡¡¡. n ~n·i+i ÷|n· + n+|¤n :=+ n¸-¤ n +|¤·i
lª·|¤º ~|: ¤·| + <| ·|- ª¤¤ +| ¡:..·· n¸-¤r|= t~| ~| · ¤t
ª¡ n|- .º¡¡ + ª¤¤ ::.·º ¤ l- ÷|n· = ªº n|- .º¡. +|
·ª.º: ª¤¤ ¤ l- ÷|n· t| ª¤| ~|ª -n+· + l-ºn ¤·n| n¸ ¤n º +
=n=|nl¤+ ªº| ~| · ·¤|¤|· = - n- + nª -¤· ¤t ~lª·|· ·t =+-|
t ªº n|- .º¡. +| l¤< z|i l¤l-n¤ l·¤¤ .º:.: l¤ln¤- ÷|n· ·t|
~·|·¤¤ª·|| ¤|¤-| ~-=|· ~¤- ·|¤+|·|i¤ =ª·i+·º| ·|ª- ¤· ~|ª
¤· ·ti t ¤·-- ·|¤+|·|i¤ lª·|l- --|-i¤¸º| ¤-i t: t ·|¤+|·|i¤
·||º| ¤| l+ ¤·| .º¡¡¡. n ¤i÷i¤i + nª·|ª ·· t l¤-|i¤ ¤·|
.º¡..º¡ª + ln( :=+| n-¤ ·.¡· ·º|| ª¤| t
~¤n-¤-¤· .º¡¡ + <|·|- º· = -¤· ·t- + ¤z-|-¸ ¤·| <· ¤·|
z|i·| ·||+ n¸-¤ =¸-+|+ :÷·-¤¸¤i~|:| ~|¬|l·- n<|ª¤·il- <·
l<=-¤· .º¡¡ n ·|º+· .· t| ª: ¤|:n·i ~|lº+-= n<|ª¤·il- n
¤¤·<ª- -¤i = ¤t n|- .º¡. n ·.º· t| ª: ~|· n|- .º¡ª +|
=n|-- l¤-|i¤ ¤·| + ln( ·.·· ¤lz +| ~-n|- t
¤¸¤ =¸-+| ¤= l+ +l÷º n =¬|· =inº n -a|¤ +¤ ¤¤-¬-
=¸-+|+ n l¤ª-|· n|÷ l·¤¤ ¤+ +i =l-nln- =¤|( :·¤|l<
lnn+· ¤t =+- +·- t l+ l¤+|= ~¤- -¤¸--n l¤-< -+ ¤t-
ª¤| t ¤¤l+ ~-¤+|ln+ ª¤ = <º| -| --|l-¤| ª·|i· ¤-i- t|-i
t ~|ª ¤·- t( ¤=¸ni + n·¤|¤l¬ n ¬i·¬i· =¬|· ~|- +i
=·||¤-| t
¤f¤n f¤¤r=
n<| ~|¤¸l-
n ª| ¤lz ¤| l¤-|i¤ ¤·| .º¡¡¡. + ¤|··| n ¡··|i ¤·| + <|·|- +n t| ª: ~|· n|-.º¡. + ~- -+ ¡ª· ·ti
¤| ·||·-i¤ l·¤¤ ¤+ + ¡·.·· +i :÷i+lº¤ º¤+º·i = -i- ·ti
~- =¸ l-- ¤|lº|l-¤+ ¤ +| +i ~| =- ¤n|·|lz|¤| n (n~|·(¤· .º¡¡¡.
+ ~-=|· .º¡¡¡. + <|·|- ¡.:· +i ¤lz t: ª· º||¤ +º|| n
n|- .º¡¡¡. + ~- n ¡·.º· +i ¤lz t: ¤| l+ l<º||¤ ª¤ ¡··
+ ~-n|-| = ~l¬+ t
l¤-|i¤ ¤·| .º¡.¡ª + ln( ·||·-i¤ l·¤¤ ¤+ +i ¡ ~¤n .º¡.
+i ¤|l·|+ n|l<+ -il- ªººnº + ~-=|· (n ª ¤lz ¤|¤+z|- ¡··
ª · º||¤ +º| ¤lz ¡· -·|| ¤n|·|lz|¤| + ln( ¡·· t
l¤-|i¤ lª·|·-| l·¤|º l<=-¤· .º¡¡ + ~-=|· ªº= ºªº ¤t =¸l--
+·- t l+ ¤l+ª =+º· -¤·|+- ¤l·<z¤ = -·¤-- t|- ¤|n ¤|lº|n|
+| =|n-| +· ¤|¤ª|
=rurfn¤ =t¤ªr
n|- .º¡¡ + ~- n ·||·-i¤ ¤l+ª -·| n ¡·ª ~-=¸l-- ¤|lº|l-¤+
¤+ -·|| : ª·~-=¸l-- ¤|lº|l-¤+ ¤+ ·| :-n = .· =|¤¤l-+
-|·| + ¤+ º. -|·|i¤ ª|niº| ¤+ .¡ l-¤i -|·| + ¤+ -·|| z|·|
l¤<z|i ¤+ ·|
¤i(-¤i ·|·ºi¤+- ¤+| n +|·|¤|· + =-¤-¬ n =¤= ¤÷| ¤+ ¤-|
·t| l¤=+i ¤¸· <z| n ··º = ~l¬+ z||º||( t ~|· .. +·|÷
ª|t+ t ¤º||ni n +n ¤n|·|lz|¤| n ¤i(-¤i +| z|¤· n|- .º¡.
+| n|- .º¡¡ n ·..º = ¤·+· ·.·º· t| ª¤| := ~¤l¬ + <|·|-
24
this period, PNB's share in system's credit improved marginally to
5.55% from 5.43% in March 2011.
BUSINESS OVERVIEW
1. BUSINESS
Bank's domestic business crossed ` 642615 crore at the end of
March' 2012, registering an absolute increase of ` 106157 crore
and a growth of 19.79%. After including the business of foreign
branches, Bank's Global Business increased by 21.3 % to ` 673363
crore.
During the year 2011-12, Bank undertook many new initiatives to
achieve the objective of stabilized growth in deposits. Towards this,
Bank launched a Saving Bank account campaign and more than 20
Lakh accounts were mobilized amounting to approximately `2500
crore. Subsequently, a Current Account campaign was also launched
by the Bank. Bank also introduced many new customized offers
targeting special customer segments like new term deposit product
¤º||ni n +º| n ¤i(-¤i +| z|¤· n|- .º¡¡ n ·.:ª· = ~z|-·
¤·+· ·.··· t| ª¤|
¤rtr¤rt =nt+rr
+. ¤rtr¤rt
n|- .º¡. + ~- n ¤+ +| ·|·n¸ +|·|¤|· ·:.·¡· +·|÷ ª¤¤ =
-¤· ¤t- ª¤| l¤== -=n ¡º·¡· +·|÷ ª¤¤ +i =¤¸º| ¤lz
~|· ¡º.º vl-z|- +i ¤lz <¤ +i ª: l¤<z|i z||º||~| + +|·|¤|·
+| z||lnn +·- + ¤|< ¤+ n ¤lz¤+ +|·|¤|· n .¡.ª vl-z|- +i
¤lz t: ~| · ¤t ·ªª·ª +·|÷ ª¤¤ t| ª¤|
2. RESOURCE MOBILISATION
Bank's total deposits amounted to ` 379588 crore at the end of
March' 2012, showing an absolute accretion of ` 66689 crore and
a growth of 21.3% over previous year. The share of Bank's deposits
to total resources was 82.8 % at the end of March 2012, while the
share of low cost deposits (current + savings) in total domestic
deposits was over 36%.
z. ==r¤ª =nr¢r
n|- .º¡. +i lª·|l- + ~-=|· ¤ + +i +n ªº·ºº +·|÷. ª¤¤
·ti l¤== ···ºº +·|÷ ª¤¤ +i +n ~l·|¤lz ~|· ¤¸¤¤-i ¤·| =
.¡.ª· +i ¤lz +| ¤-| -n-| t n|- .º¡. + ~- +i lª·|l- +
~-=|· +n ==|¬-| = ¤+ +i ¤n| ·|lz|¤| +| z|¤· º..º· t
¤¤l+ +n ·|·n¸ ¤n|·|lz|¤| n +n n|ª- ¤n|·|lz|¤| +| z|¤· :-|n¸¸
¤--| ª·· ·t|
¤·| .º¡¡¡. + <|·|- ¤+ - ¤n|·|lz|¤| n ª·||: ¤l, +| n-¤ v|--
+·- + ln( ¤t- =i -: ¤tn +i :=+ ln( ¤ + ,|·| -+ ¤--
º||-| ~l·|¤|- -n|¤| ª¤| ~| · .º n|º| º||- º||n ª¤ l¤-n nª·|ª
.·ºº +·|÷ ª¤¤ +i ·|lz| ¤n| +i ª: :=+ ¤|< -|n¸ º||-|
~l·|¤|- ·|i -n|¤| ª¤| ¤ + - ¤t- = -¤ +ªºn|: -÷ vª-|¤ vª--
l+¤ l¤-+| n-¤ -¤ l¤z|·| ª |t+ =ªn º ¤ = l+ -¤ =|¤l¬ ¤n|
25
- PNB 1111 days, prospective senior citizen scheme, PNB Smart
Banking Current Account Scheme with 4 variants, Prepaid PNB
REMIT CARD for Inward Money Transfer from UAE Exchange
Centre for the Beneficiaries in India, etc.
3. CREDIT DEPLOYMENT & DELIVERY
The credit portfolio of the Bank showed a robust and steady growth
during 2011-12. Net advances of the Bank at the end of March' 2012
stood at ` 293775 crore, compared to ` 242107 crore at the end
of March 2011, registering an increase of ` 51668 crore or 21.3%.
The loan portfolio of the Bank remains well diversified with yield
on advances improving to 11.67% for the year ended March 2012
from 10.58% in the previous year.
-·¤|<¤i(-¤i ¡¡¡¡ l<- ·||¤i ¤l··a -|ªl·+ ¤|¤-| -|· ¤l·¤--|
=lt- ¤i(-¤i ªn|º ¤l+ª -|n¸ º||-| ¤|¤-| ·||·- n n|·|ª|lt¤| +
ln( ¤¸
(+=-¤ =º· = ~|¤+ n:| ¤l·¤-- t- ¤¸¤<·- ¤i(-¤i·lnº +|÷ ~|l< +| z||lnn +·-| ·||
s. =¢r ¤r =f+rfª¤r¬ª ¤ f¤at¢r
¤+ + +º| ¤|º¤·|ln¤| n ¤·| .º¡¡¡. + <|·|- =-ln- (¤ lª·|·
¤lz <z||: ª: n|- .º¡. + ~- n ¤+ + l-¤n ~lªn n|-
.º¡¡ + ~- n .:.¡º +·|÷ ª¤¤ +i -n-| n .ºª· +·|÷
ª¤¤ ·t l¤=n ·¡··º +·|÷ ª¤¤ ¤| .¡.ª· +i ¤lz <¤ +i ª:
¤+ + +º| ¤|º¤·|ln¤| n ~lªn| ¤· v|l-- n l¤l¤¬-| ¤-i ·ti
l¤=n ¤¸¤¤-i ¤·| n ¡º.·º· = n|- .º¡. + ~- n ¡¡.·· +|
=¬|· t~|
.· +·|÷. ª¤¤ ~| · -== ~l¬+ +i +º| =in|~| +| n|·| n-
¤|n l-ªln- ª |t+| +i l¤l-l< ·º +º| ~|¤z¤+-|~| +i ¤¸l- +
ln¤ ¤+ - ~tn<|¤|< ¤ªn|· -÷iª· ---: l<-ni ª÷ª|¤
t<·|¤|< +|n+|-| nl¬¤|-| -·|| n-¤: n ¡º ¤÷i l-ªln- z||º||(
ª·||l¤- +i :=+ ~n|¤| ¤+ - +|¤¤-¸· l<-ni ª|~| :<|·
¤¤¤· ¤|n¬· +|n+|-| +|º| nº|-- n-¤: -|ª¤· ¤º| -·||
¤÷|<·| n ¡: n·¤ l-ªln- z||º||( ª·||l¤- +i ¤| ~--¤ ª¤ = ln÷
+¤ -|·| +i +º| ~|¤z¤+-|~| +i ¤¸l- +·-i t
¤ª·| n·||n¤ ·||·- =·+|· +i v|¤|lª+i ---¤- +|·| ¤|¤-| +
~-ª- :ºi¤¸(¤·(=| ¤i(-¤i -|ln- -|÷n ¤+ t v|¤|lª+i ---¤-
+|·| ¤|¤-| + ~-ª- <|¤| +i -¤i = v|=l=ª + ln¤ +|·¤|·º
+|¤|n¤ n =nl¤- +-| ¤|·| ¤ª·| ¤¸l-º| +| ~|l·|+ =t|¤-| +
=l¤-·º| +i =l¤¬| v<|- +·-| t ¤+ + n·| -¤|ª -·|| ª· n·|
-¤|ª >º|i n ºº º||- t -·|| v|¤|lª+i ---¤- +|·| ¤|¤-| + ln¤
¡·· +º| =¤, ¤¸¤i ~|l·| + =t|¤-| :=i(n=i(=| ¤|¤-| +
~-ª- +¤· l+¤ ª¤ º:º n·| -¤|ª º||- t ¤·| .º¡¡¡. + <|·|-
¤+ - v|¤|lª+i ---¤- +|·| ¤|¤-| + ~-ª- ¤|·| ¤ª·| ¤¸l-º| +|
.¡º.·º +·|÷ ª¤¤ =l¤-l·- l+¤
i. =¢r f=zt¤rrª
¤·| + <|·|- ¤+ - v¬|- +|¤|n¤ + l¤ª-|· +i <l·º = ~¤-
+|¤| +| ¤·|¤| (¤ n¤: -·|| ---: n =nl¤- l=÷i+z|- +-|| +|
ª·||l¤- +·- t( ~¤-i +º| l=÷i+z|- ªl-l¤l¬¤| +| ·¤|¤+ ~|·||·
For faster credit delivery and to meet specific credit needs of
corporate clients requiring credit limits of ` 25 crore and above,
the Bank has set up 10 Large Corporate Branches (LCBs) at
Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi, Gurgaon,
Hyderabad, Kolkata, Ludhiana and Mumbai. Besides, Bank has
established 14 Mid Corporate Branches (MCBs) at Coimbatore,
Delhi, Noida, Goa, Indore, Jaipur, Jalandhar, Kolkata, Kota,
Lucknow, Mumbai, Nagpur, Pune and Vadodara which exclusively
cater to the credit needs of Mid-cap segment.
PNB is the designated Nodal Bank under Technology Upgradation
Fund Scheme (TUFS) of the Ministry of Textiles, Govt. of India.
For speedier processing of claims under TUFS, a dedicated cell at
the corporate office facilitates distribution of subsidy to eligible
textile units. The Bank has 790 accounts in SSI and Non-SSI
category along with 948 SSI accounts covered under 15% credit
linked capital subsidy (CLCS) scheme for TUFS. During the Year
2011-12, Bank disbursed `218.69 crore to eligible textile units
under TUFS.
i. LOAN SYNDICATION
During the year, syndication /technical appraisal activity
strengthened further, subsequent to establishment of dedicated
syndication cells in the previous years at Mumbai and Chennai. A
26
number of projects achieved financial closures and new clients were
brought into the fold.
During the year 2011-12, Bank gave 'In-Principle' approvals for
Appraisals/Syndicating debt aggregating to ` 50410 crore. The
sectors included Infrastructure (Roads, Ports, Power, etc.), Sugar,
Real Estate, Logistics, Steel & Textiles. Income on the Syndication /
appraisal activities is recovered and credited to Profit and Loss
Account based on milestones, which amounted to ` 55 crore during
2011-12. Further, Fees of ` 29 crore is receivable out of mandates
in hand.
ii. RETAIL CREDIT
Growth of Retail Loans continued to be the thrust area for Bank
with emphasis on accelerating the delivery process to optimize
customer satisfaction level. While there have been simplification
of documentation and other formalities, TAT (Turnaround time)
norms for delivery of retail loans have also been revised. These
efforts have resulted in a YoY growth of 23.6% in Retail Credit to
` 29196 crore as on 31st March 2012. Outstanding in Core Retail
comprising of Housing, Vehicle, Education, Personal, Pensioner,
Gold, Mortgage and Reverse Mortgage Loan Schemes has increased
by YOY 21.9% to ` 24535 crore.
During the year, special emphasis was given to growth of vehicle
loans with offers like 'Monsoon Dhamaka' and 'Festival Bonanza'
that extended relaxation in rate of interest and processing fee/
documentation charges. As a result, vehicle loans registered a robust
YoY growth of 53.8% as at the end of 31st March 2012. While
Education Loans grew YOY by 17.3% to ` 3309 crore, Housing
loans increased YOY by 16.9% to ` 13808 crore. Pension Loan
and Gold Loan portfolio has also grown significantly with YoY growth
of 28% and 115% respectively.
During the year, a new Education Loan Scheme "PNB Pratibha" has
been launched. To boost the retail segments, Bank is having tie up
with major car manufacturing Companies/builders of repute and
educational institutions.
Bank will continue to focus on introducing new customer friendly,
competitive and technology based initiatives to suit all the sections
of the society as also to improve quality of its assets. Adherence
shall be continued towards regular and systematic monitoring, so
as to keep NPA at minimal level.
iii. PRIORITY SECTOR
Credit under Priority Sector (PS) increased to ` 95898 crore at the
end of March 2012, registering a growth of 26.7%. With ratio of
PS advances to Adjusted Net Bank Credit (ANBC) at 40.7%, Bank
continued to surpass the National Goal of 40%.
v<|- l+¤| :- +-|| n ¤÷i =º¤| n ¤l·¤|¤-|~| +i l¤·-i¤ ¤-<i
+i -¤nl·¬ +| =·n ¤-|¤| -·|| -¤ ª|t+| +| ¤·| + <|·|- v|--
l+¤| ª¤|
¤·| .º¡¡¡. + <| ·|- ¤ + - + n ·º¡:º +·| ÷ ª¤¤ +
n¸-¤|+-/l=÷i+z|- +º| + ln¤ l=z|-- ª¤ n ~-n|<- l<¤| --
-|·|| n l¤-n l=÷i+z|- + ln¤ ~-n|<- l<¤ ª¤ :l¤¤ni =÷+
¤ ¤|º| -i-i ª·||¤· =¤<| n|l¤lªº+= ªºin ¤ª·| ~|l< n ~|¬
|··|¸- ¤l·¤|¤-|( z||lnn t l=÷i+z|-/n¸-¤|+- +|¤+n|¤| +i ~|¤
¤=¸n +i ª: ~|· -·º|¤z ~|¬|· ¤· n|·| (¤ t|l- º||-| n ¤n| +i
ª: :-n ·· +·|÷ ª¤¤ +i ~|¤ l¤·-i¤ ¤·| .º¡¡¡. + <|·|-
¤+ +i ª: ¤¤l+ ¤|+i .º +·|÷ ª¤¤ +i ~|¤ ~|<z| +i ¤l·º
¤ -= ¤¸·| +·- ¤· v|-- +i ¤|(ªi
ii. ftº ¬ a fzº
l·ºn +º|| +i ¤lz ¤+ + ln( <¤|¤ -|·| ¤-| ·t| l¤=n ª|t+
=-l·º ª-· +| v|-- +·- +i l÷ni¤·i vl+¤| n -¤i n|- ¤· nt·¤
l<¤| ª¤| -·||l¤ vnº|i+·º| ~|· ~-¤ ~|¤-|l·+-|~| +| ~|=|-
¤-|¤| t l·ºn +º| +i l÷ni¤·i + ln( :º- ~·|-º÷ º|: n|
n|-<º÷| n =z||¬|- l+¤| ª¤| t :- v¤|=| + ¤l·º||nª¤ª¤
ª¡ n|- .º¡¡ +| .º¡º· +·|÷ + l·ºn +º| n .ª.·· +i ¤·||-¤·|
¤l, t: t ~|¤|= ¤|t- lz|-|| ¤¤l+-+ ¤z|-· ª¤º| ¤¬+ ~|·
v·¤|¤l-- ¤¬+ =lt- +|· +º| ¤|¤-|~| n .¡.º· +i ¤·||-¤·| +i
¤lz + ,|·| .:·ª· +·|÷ t| ª¤| t
¤·| + <|·|- ¤|t- +º| +i ¤lz +| l¤z|·| nt·¤ l<¤| ª¤| l¤=n
n|-=¸- ¬n|+| ~|· ·¤|t|· ¤|-|¤| ¤= vª-|¤ l<¤ ª¤ l¤== ·¤|¤
<· ~|· v|=l=ª z|-+/vnº|i+·º| v·||·| +| +n l+¤| ª¤| l¤=+
¤l·º||n ª¤ª¤ ¤|t- +º|| n ª¡ n|- .º¡. + ~- n ·ª.º· +i
¤·||-¤·| ~|¬|· ¤· z||-<|· ¤lz <¤ +i ª: lz|-|| +º| n ¤·||-¤·|
~|¬|· ¤· ªªºº +·|÷ +i ¡.ª· +i ¤·||-¤·| +i ¤lz t: ~|¤|=
+º| n ¡ªººº +·|÷ ª¤¤ +i ¤·||-¤·| ~|¬|· ¤· ¡·.º· +i ¤lz
t: ¤z|- +º| ~|· ª¤º| +º| ¤|º¤·|ln¤| n ·|i ¤·||-¤·| ~|¬|· ¤·
+nz|· .º· ~|· ¡¡·· +i nt·¤¤¸º| ¤lz t:
¤·| + <|·|- -: lz|-|| +º| ¤|¤-| ''¤i(-¤i vl-·||'' z|ª +i ª:
l·ºn =ªnº +| ¤·|¤| <- + ln( ¤+ - nº¤ +|· l¤l-n|º|
+-¤l-¤|/vl-l·a- ·|¤- l-n|-|~| ~|· z|l-|+ =ª·||~| + =|·|
-|nn n l+¤| t
¤+ -: ª|t+|-+¸n vl-ª¤¬i ~|· v|¤|lª+i ~|¬|l·- ¤tn| +| z|ª
+·- ¤· ·¤|- <-| ¤|·i ·º|ª| l¤== =n|¤ + =·|i ¤ª| + ln(
~-+¸n t|- + =|·| --+i ~|lª-¤| +i ªº|¤·-| n =¬|· ·|i t|ª|
l-¤ln- ~| · ·¤¤lª·|- n|l-ºl·ª + ln( ~-¤|n- ¤-| ·tª| -|l+
(-¤i( +| -¤¸--n ª-· ¤· ·º|| ¤| =+
iii. ¤rºrfn¤ar +r·r
n|- .º¡. + ~- n v|·|ln+-| -|·| + ~-ª- +º| ¤·+· º·ººº
+·|÷. ª¤¤ t| ª¤| l¤== .·.· +i ¤lz <¤ +i ª: :º.· ¤·
=nl¤- l-¤n ¤ + +º|
(n¤i=i| n v|·|ln+-| -|·| ~lª n +|~-¤|- :º· + ·|·ºi¤ n-¤ = ~l¬+ ¤-| ·t|
27
Priority Sector Credit
(As on 31.3.2012)
(` Crore)
31.3.2011 31.3.2012
Priority Sector Credit 75652 95898
Of which:
(a) Agriculture Sector 35462 45917
– Direct 27398 34717
– Indirect 8064 11200
(b) Small Enterprises 29540 38115
(c) Others 10650 11866
Credit to Weaker Section 18681 24380
Credit to Women beneficiaries 9218 11759
Achievement of National Goals
(Based on Last Reporting Friday Data)
%age to ANBC Target 25, March 23, March
2011 2012
Priority Sector Credit 40 40.67 40.70
Of which:
(a) Agriculture Sector 18 19.30 19.34
– Direct 13.5 14.80 14.84
Credit to Weaker Section 10 10.13 10.43
Credit to Women beneficiaries 5 5.08 5.10
Credit to Agriculture
Credit to Agriculture sector grew by 29.48 % to ` 45,917 crore at
the end of March 2012 with the ratio of Agriculture Advances to
ANBC at 19.34% (higher than National Goal of 18%). Direct
Agriculture Advances of Bank rose to ` 34,717 crore in March
2012 showing a growth of 26.7% over March 2011. Bank issued
4.7 lakh Kisan Credit Cards (KCCs) during 2011-12, taking the
cumulative number of KCCs issued to 40.8 lakh since inception.
During 2011-12, Bank disbursed agriculture loans to the tune of
`35,509 crore to 21.11 lakh farmers. Further, under Special
Agricultural Credit Plan, Bank disbursed ` 9386 crore to 7.83 lakh
new farmers. Bank has also disbursed ` 748 crore to 95,631
borrowers for redeeming their debt to non-institutional money
lenders under Krishak Saathi Scheme.
During the year, Bank took various initiatives to accelerate flow
of credit to agriculture sector. Bank launched a "Special Agriculture
Credit Campaign", as per directives of Ministry of Finance during
which 2.2 lakh new farmers were financed with a disbursement
of over Rs 2300 crore. Kisan Credit Card Scheme was revamped
and renamed as PNB Kisan Card with fixation of crop production/
working capital limit at 50% higher than the eligible limit as on
¤rºrfn¤ar +r·r =¢r
(s+.os.zo+z ¤r ¸
:+·|÷ ª.|
31.3.2011 31.3.2012
¤|·|ln+-| -|·| +º| 75652 95898
:-n =·
:+|+l·| -|·| 35462 45917
– ¤·¤-| 27398 34717
– ~¤·¤-| 8064 11200
(º|) n·| -¤n 29540 38115
(ª) ~-¤ 10650 11866
+n¤|· ¤ª| +| +º| 18681 24380
nltn| n|·||l·| ¤| +| +º| 9218 11759
trrºt¤ ¬+¤r ¤t ¤rfta
(=fan ft¤rfºn rra¤rt ¤ =r¤z ¤t =rªrrfta¸
qª¤t=t ¤t ¤farrar ¬+¤ zs nr¤, zs nr¤,
2011 2012
¤|·|ln+-| -|·| +º| 40 40.67 40.70
:-n =:
(+) +l·| -|·| 18 19.30 19.34
– ¤·¤-| 13.5 14.80 14.84
+n¤|· ¤ª +| +º| 10 10.13 10.43
nltn| n|·||l·| ¤| +| +º| 5 5.08 5.10
¤frr ¤ f¬¤ =¢r
+l·| -|·| + ln¤ +º| n .º.:º· +i ¤lz t: ~| · ¤t n|- .º¡.
+ ~- n :·º¡ +·|÷ ª¤¤ t| ª¤| =nl¤- l-¤n ¤ + +º| +l·|
~lªn| +| ~-¤|- ¡º· + l-¬|l·- ·|·ºi¤ n-¤ +i ~¤-|| ¡º.ª:·
t ¤+ +| v·¤-| +l·| +º| n|- .º¡. n ª:¡ +·|÷ ª¤¤ t|
ª¤| l¤== n|- .º¡¡ = .·.· +i ¤lz +| ¤-| -n-| t ¤ + -
.º¡¡¡. + <| ·|- :. n|º| l+=|- +l÷º +|÷ ¤|·i l+( l¤==
+n ¤|·i l+( ª( l+=|- +l÷º +|÷| +i =º¤| :º.º n|º| t| ª:
t ¤+ - .¡.¡¡ n|º| -¤ l+=|-| +| ª··ºº +·|÷ ª¤¤ + +l·|
+º| l¤-l·- l+¤ :=+ ~n|¤| ¤ + - l¤z|·| +l·| +º| ¤|¤-| +
~-ª- .ºª n|º| -( l+=|-| +| ¤·| .º¡¡¡. + <|·|- ºªº·
+·|÷ ª¤¤ l¤-l·- l+¤ ¤+ - +·|+ =|·|i ¤|¤-| + ~-ª-
ª·=ª·||ª- ¬- -¬|·<|-|~| +| --+| +º| º··ª¡ +lº|¤| +| :º
+·|÷ ª¤¤ =l¤-l·- l+¤
¤·| + <|·|- +l·| -|·| +| +º| v<|- +·- + ln( ¤+ ,|·| +:
+<n -a|¤ ª( t ¤+ - l¤·- n·||n¤ + l-<z||-=|· ''l¤z|·| +l·|
+º| ~l·|¤|-'' z|ª l+¤| := ~l·|¤|- ~¤l¬ + <| ·|- ... n|º|
-( l+=|-| +| +¤· l+¤| ª¤| ~|· .ªºº +·|÷ = ~l·|+ ª¤¤
l¤-l·- l+¤ ª¤ l+=|- +l÷º +|÷ ¤|¤-| + ª¤ n =z||l¬- l+¤|
ª¤| t ~| · ¤i(-¤i l+=|- +|÷ +| -¤| -|n l<¤| ª¤| t l¤=n
n¤¸·i +i -|·iº| +| ¤|·| =in| = ·º· ~l¬+ ¤·=n -·¤|<-/+|¤ z|in
28
date of sanction. While the consumption loan limit has been
increased from ` 50000/- to ` 1 lakh, margin requirement is NIL
upto ` 3 lakh.
Kisan Ichchhapurti Scheme has been renamed as "Kisan Gold
Scheme" where limit has been increased to ` 20 lakh from
`10 lakh, limit under non-productive purposes has been increased
to `5 lakh and the stipulation of satisfactory track record has been
reduced to 2 years,etc. Bank continued financing against pledge of
warehouse receipt under tie-up arrangement with collateral
managers.
Micro Credit
Bank continued its efforts to promote micro finance through
formation and credit linkage of Self Help Groups (SHGs). At end
of March 2012, the number of credit linked SHGs registered a
9.3 % increase to 1,80,726 SHGs with an amount of `1512 Crore.
The cumulative number of SHGs that had been deposit-linked
rose to 2,17,909 with a growth of 10.20%. Bank has credit linked
1,25,318 women SHGs and Saving linked 1,45,235 women SHGs.
Inorder to boost microcredit, relaxations have been approved for
financing of SHGs sponsored by different agencies. Further, a
modified scheme of "Micro Credit- SHGs- Non Govt Sponsored
Scheme" was approved for financing of SHGs promoted by Bihar
Rural Livelihoods Promotion Society (JEEVIKA).
Credit to Weaker Sections & SC/ST
Credit to weaker sections increased to `24,380 crore at the end of
March' 2012, registering a growth of 30.9%. Advances to weaker
sections at 10.43% of ANBC continued to be higher than the
National Goal of 10 %. Credit to SC/ST beneficiaries amounted to
` 3808 crore in March' 2012 with a YOY growth of 10.3%.
Credit to Women beneficiaries
The Bank is sensitive to women empowerment and hence credit
extended to women beneficiaries rose to ` 11,759 crore at the
end of March 2012 and as a % to ANBC stood at 5.10%, higher
than the National Goal of 5%. A dedicated Women Cell functions
at corporate Office closely monitors the progress under various
lending schemes for women beneficiaries and redesigns the existing
ones as per emerging needs.
Credit to Minority communities
Bank' s credi t to mi nori ty communi ti es has i ncreased to
` 14,445 crore at the end of March' 2012 showing a growth of
26.8% over March' 2011. It constituted 15.06% of Priority Sector
advances, higher than the target stipulated under Prime Minister's
15 point programme for the welfare of Minorities.
¤¸¤i =in| +| l-lz-- l+¤| ª¤| t -¤·||+-| +º| =in| +|
·ºººº/ ª¤¤ = ¤·|+· ¡ n|º| ª¤¤ +· l<¤| ª¤| t l¤=n
n|l¤ - +i ~|¤z¤+-| ª n|º| ª¤¤ -+ z|¸-¤ t
l+=|- :-¤|¤¸l- ¤|¤-| +| -¤| -|n ''l+=|- ª¤º| ¤|¤-|'' l<¤| ª¤|
t l¤=n =in| ¡º n|º| +| ¤·|+· .º n|º| +· l<¤| ª¤| t
ª ·-·¤|<+ v¤|¤-| + ~-ª - =in| +| ¤·|+· · n|º| +· l<¤|
ª¤| t ~|· =-|·|¤-+ º+ l·+|÷ +i z|- +| ·|º|+· . ¤·| +· l<¤|
ª¤| t ¤+ - =¤|lz¤+ v¤-¬+| + =|·| -|nnn ·¤¤ª·|| + ~-ª-
n|nª|<|n ·=i< +| lª·¤i ·º|- ¤· l¤·- v<|- +·-| ¤|·i ·º|| t
nr;ar a fzº
¤ + - ª¤¤ =t|¤-| =n¸t + ¤·|n z|- (¤ +l÷º =-¤z-| + n|·¤n
= n|:+| l¤·- +| ---- +·- + v¤|=| +| ¤|·i ·º|| n|- .º¡.
+ ~- n ¤+ + ¡·¡. +·|÷ ª¤( + +º| =-¤z ¡ºº.· ª¤¤
=t|¤-| =n¸t ·| l¤=n º.ª +i ¤l, <¤ +i ª: t ª¤¤ =t|¤-|
=n¸t +i +n =º¤| ¤| ¤n| =-¤z ·|i ¤t ¤·+· .¡ººº
:¡º..º· +i ¤lz| t| ª: ¤ + + ¡.·ª¡º +º| =¤z nltn|
ª¤¤ =t|¤-| =n¸t t ~| · ¡:·.ª· ¤-- =-¤z nltn| ª¤¤
=t|¤-| =n¸t t
n|:+| +l÷º +| ¤·|¤| <- + ln( ¤¸º| +| l¤l·|-- (¤l-=¤| ,|·|
v|¤|l¤- ª¤¤ =t|¤-| =n¸t + l¤·- ¤|·|º| + ln( ~-n|l<- l+¤|
ª¤| t :=+ ~n|¤| ''n|:+| +l÷º (=(-¤iª · =·+|·i v|¤|l¤-
¤|¤-|'' +i =z||l¬- ¤|¤-| l¤t|· ª·n n|:¤nit÷ vn|z|- =|=|¤ºi
:¤il¤+|| ,|·| ---- ª¤¤ =t|¤-| =n¸t| + l¤·- ¤|·|º| + ln¤
~-n|l<- +i ª: t
¤n¬rt ¤nr =rt =ª=¸f¤a ¬rfa. =ª=¸f¤a ¬ª¬rfa ¤r =¢r
n|- .º¡. + ~ - n ¤ + ,|·| +n¤| · ¤ª| +| l<( ª( +º| n .:ªºº +·| ÷
ª¤¤ +i ¤ l, t : l¤=n ªº.º vl-z|- +i ¤ l, <· <¤ +i ª: =n l¤-
l-¤n ¤ + +º|| n +n¤| · -| ·| + ~lª n| +| ~- ¤|- ¡º.:ª· ¤-| ·t|
¤| l+ ¡º· + ·|·º i¤ n-¤ = ~l¬+ t ~- =¸ l-- ¤|l-/~- =¸ l-- ¤-¤|l-¤|
+ n|·||l·| ¤| +| n|- ¡. n ª. ªººº +·| ÷ +º| v<|- l+( ª( l¤=n ¤·|
<· ¤·| ¡º.ª· +i ¤ lz t :
nfr¬r ¬r+rrfºr¤r ¤r =¢r
¤ + nltn| =z|l+-+·º| + vl- =¤<-z|in t ~| · := v+|· nltn|
n|·||l·|¤| +| l<( ª( +º|| n +·|÷ ª¤¤ +i ¤lz t: ~|· ¤ n|-
.º¡. + ~- n ¤·+· ¡¡·º +·|÷ ª¤¤ t| ª( ~|· =nl¤-
l-¤n ¤+ +º|| n vl-z|- + ª¤ n ·.¡º vl-z|- t| ª( ¤|l+ ··
+ ·|·ºi¤ n-¤ = ~l¬+ t l-ªln- +|¤| n¤ n ~nª nltn| +-|
+|¤ ·- t ¤| nltn| n|·||l·| ¤| + ln( l¤l·|-- +º| ¤|¤-|~| +i
=¸-n-| = n|l-ºl·ª +·-| t ~|· ¤t| ~¤l-|- t ¤|¤-| n =z||¬-
l+( ¤|- t
=r¤==¤¤ =nªr¤r ¤ f¬q =¢r
n|- .º¡. + ~- n ~-¤=º¤+ =n<|¤| + ln( ¤+ +º| n
¡:::· ª¤( +i ¤l, t: t l¤== n|- .º¡¡ +| .·.º· +i ¤l,
+| ¤-| -n-| t ¤t v|·|ln+-| -|·| ~lªn| +| ¡·.º·· ·t| ¤|
~-¤=º¤+| + +-¤|º| + ln( v¬|-n·|i + ¡· =¸·|i¤ +|¤ +n +
~-ª - l-¬| l·- n-¤ = ~l¬+ t
29
Micro, Small & Medium Enterprises
Bank recognizes the important role of Micro, Small & Medium
Enterprises (MSME) in the economic development through their
contribution to GDP, exports and employment generation. Towards
this, as at the end of March 2012, Bank's credit to MSME sector
stood at ` 57,355 crore registering a YOY growth of 26.62% and
constituted 21.53% of total credit. Advances to Micro Enterprises
grew by 31.36 % to `18,877 crore.
The Bank has implemented recommendations of High Level Task
Force constituted by Hon'ble Prime Minister to address the issues
of Micro, Small & Medium Enterprises (MSME) Sector. Against the
envisaged growth of 20%, the outstanding Micro and Small
Enterprises (MSE) advances grew by 28.04% as on March 2012
to ` 44,856 crore.
Bank has developed SME Credit Scoring Model for loans upto
` 50 lakh in all the branches for speedier appraisal of loan proposals.
In this regard, to provide guidance to field functionaries manual on
scoring model has also been prepared.
a. Collateral Free Lending
During the year 2011-12, Bank focussed on extending
Collateral free/ guarantee free loans to the MSMEs by
covering 17009 cases with the credit outlay of `1099 crore
under the Credit Guarantee Scheme of Micro and Small
Enterprises (CGTMSE). Under CGTMSE, Bank covers loans
upto ` 1 crore.
b. Other Initiatives
To boost the MSME advances, Bank launched new
schemes like 'PNB Weavers Credit Card' and 'PNB Super
Trade' during the year. Similarly, 55 clusters have been
adopted under the cluster based lending approach to pay
focused attention to the sector. In order to expand the
base of credit to MSMEs, bank has 465 MSME focus
branches along with the 58 Specialised MSME branches.
In total, these 523 branches are ensuring hassle free credit
to the MSMEs. Besides, to support the MSME borrowers,
Bank is extending interest concessions of 75 basis points
on chargeable interest rate for loans up to ` 25 lakh. For
better customer service and relationship with MSMEs,
Bank has adopted the Code of Bank's Commitment to
Micro and Small Enterprises prescribed by the Banking
Codes and Standards Board of India, Mumbai. Similarly,
facility of submission of on-line application under MSE
segment has also been provided with a concession of 20%
in upfront fee and processing fee. Bank is pro-actively
participating in various schemes of The Government of
I ndi a l i ke Pri me Mi nster Empl oyment Generati on
Programme (PMEGP), Credit Link Capital Subsidy Scheme
(CLCSS), etc. Bank is also entering into Tie ups/ MOU
with vehicle manufacturers like Tata Motors, Ashok
=¸+n, ¬rr q¤ nª¤n sun
¤ + =¸-n n·| (¤ n·¤n -¤n
n(=(n: | -|·| l¤l-n| º| (¤ =¤|-|·| n ¤i÷i¤i l-¤|- ¤ ·|¤ª|· n --+ ~z|<|- + n|·¤n =
~|l·|+ l¤+|= n nt·¤¤¸º| ·|¸ln+| +| n|-¤-| v<|- +·-| t n|-
.º¡. + ~- n (n(=(n: -|·| +| +º| ·ª·· +·|÷ ª¤¤ ·t
l¤=n ¤·| <· ¤·| .·.·.· +i ¤lz <¤ +i ª: ~| · ¤t +n +º|
+i .¡.·ª· ·ti n|:+| -¤n| + ln¤ ~lª n| n ª¡.ª·· +i ¤lz
t: ~| · ¤t ¡ºº +·|÷ ª¤¤ + ª-· ¤· ¤t- ª¤|
¤ + - =¸-n n·| -·|| n·¤n -¤n|
n(=(n: | + nª| ¤· ·¤|-l<n|- + ln( n|--i¤ v¬|-n·|i ,|·| ªla- --- ª-·i¤ +|¤ ¤n +i
l=¤·|l·z|| +| +|¤|l-¤- l+¤| n|- .º¡. +i lª·|l- + ~-=|· .º·
+i ¤lz + ln( ¤+|¤| (n(=: ~lª n ::º·· +·|÷ ª¤¤ ·|
l¤== .º.º:· +i ¤·| <· ¤·| ¤lz +| ¤-| -n-| t
¤+ - +º| vª-|¤| + ·¤l·- n¸-¤|+- + ln( =·|i z||º||~| n
·º n|º| ª¤¤ -+ + +º|| + ln( (=(n: +l÷º ª+|l·ª n|÷n
-¤|· l+¤| t := ¤|· n ¤·i-÷ ¤<|l¬+|l·¤| +| n|ª<z|- v<|- +·-
+ ln( ª+|l·ª n|÷n +| n -~n ·|i - ¤|· l+¤| ª¤| t
¤. =¤rfr¤¤ n¤a =¢r
¤·| .º¡¡¡. + <| ·|- ¤ + - (n(=(n: +| = ¤|lz ¤+ n +-/ª|· ºi
n+- +º| v<|- +·- ¤· ¤|· <- t( ¡ººº n|nn := ¤|¤-|
+ ~-ª- +¤· l+( l¤=n =i¤iºi(n(=: ¤|¤-| + ~-ª-
¡ººº +·|÷ ª¤( +| +l÷º ·¤¤ z||lnn ·t| =i¤iºi(n(=:
+ ~-ª - ¤ + ¡ +·|÷ ª¤¤ -+ + +º| +¤· +·-| t
=r. =-¤ ¤r¬
(n(=(n: ~lªn| +| ¤·|- + ln( ¤+ - ¤·| + <|·|-
'¤i(-¤i ¤-+· +l÷º +|÷' ~|· '¤i(-¤i =¤· º÷' ¤=i -:
¤|¤-|( z|ª +i t :=i ·||l- +nªº· ~|¬|l·- -¬|·<|-|
<l·º+|º| + ~-ª- ·· +nªº·| +| ~ªi+|· l+¤| ª¤| t
l¤== l+ := -|·| ¤· ·¤|- l<¤| ¤| =+ (n(=(n: + +º|
+ ~|¬|· +| ·¤|¤+ ¤-|- + ln( ¤+ - ¤-n|- ·º l¤z|·|i+-
(n(=(n: z||º||~| + =|·| :·· (n(=(n: ¤·|+= z||º||(
¤-|: t :- ·.ª z||º||( (n(=(n: z||º||~| + =|·| :··
(n(=(n: ¤·|+= z||º||( ¤-|: t :- ·.ª z||º||( (n(=(n:
+i ¤|¬|·lt- +º| v<|- +·-| =l-lz-- +· ·ti t :=+
~l-l·+- (n(=(n: +lº|¤| +| =t¤|ª v<|- +·- + ln( ¤ +
.· n|º| ª¤¤ -+ + +º| + ln( v·||¤ ·¤|¤ <· ¤· ·
¤l== -¤|:º +i ·¤|¤ ¤¸º v<|- +· ·t| t ¤t-· ª |t+ =¤|
~|· (n(=(n: = ¤÷- + ln( ¤+ - ¤l+ª +|÷ (¤ ªºº÷÷
¤|÷ ~|¤· :l÷¤| n-¤: ,|·| l-¬|l·- =¸-n ~|· n·| -¤n| +i
¤ + +i vl-¤z-| +| +|÷ ~ªi+|· l+¤| t :=i ·||l- (n(=:
=ªnº + ~-ª- ~|- n|:- ~|¤<-¤·| +| ·|¤- +i =l¤·||
·|i ~¤+º z|-+ ~|· v|=l=ª z|-+ n .º· +i ¤¸º + =|·|
v<|- +i ª: t ¤+ ·||·- =·+|· +i l¤l·|-- ¤|¤-|~| n
=l+¤ ª¤ = ·||ª n ·t| t ¤= l+ v¬|-n·|i ·|¤ª|· =¤-
+|¤ +n :¤i(n: ¤i¤i| +l÷º ln+ + l¤ºn =l·=÷i ª+in
:=i(n=i(=(=| ~|l< :=+ ~l-l·+- =¤| -|·| +| l¤·- v<|-
+·- + ln( º|º| n|º= ~z||+ ninº÷ nlt-:| (¤ nlt-:|
30
Leyland, Mahindra & Mahindra Ltd, Bajaj Auto Ltd, etc
for financing the service sector.
iv. FINANCIAL INCLUSION
Financial inclusion has been priority area for the Bank as reflected
in its mission "Banking for the unbanked". Bank has adopted the
Business Correspondent (BC) model based on information and
communication technology (ICT) wherein the BCs are using Hand
Held Terminals (HHTs) which are connected with the central server.
The customer is provided a smart card which facilitates the biometric
identification and the transactions. Bank has covered over
8.58 lakh beneficiaries in 39 special projects using ICT based
solutions since 2007.
Swabhiman Campaign of Govt. of India - Provision of banking
services in villages with population of over 2,000:
Bank has covered 4588 villages allotted under the Swabhiman
campaign through BCs who are providing services to receive and
pay cash by opening No-frill accounts. Bank is converting these BC
locations into Ultra Small Branches (USBs) as per the Govt. of India
guidelines. Bank is also utilizing the services of 2511 BCs in 21
states.
Financial Inclusion Plans:
Financial Inclusion Plan upto March 2013 have been adopted by
the Bank with its various parameters i.e Coverage of villages with
BCs, performance in issuance of Kissan Credit Cards (KCC) and
General Credit Cards (GCC), opening of No-frill accounts and
providing overdraft in No-frill accounts. Bank has issued 18.07 lakh
KCCs having balance of `17,926 crores as at the end of March
2012. Bank has also issued 1.27 lakh GCCs with a balance of
` 461 crore.
No-Frill Accounts:
Bank has been continuously extending the facility of No-frill
accounts through its branches and the BCs. As on March 2012,
there were 37.25 lakh No-frill accounts with a balance of
` 1005 crore in the branches and 49.32 lakh accounts with a balance
of ` 188 crore at the BC centres. Bank is providing an inbuilt facility
of overdraft in the No-frill accounts and the overdraft amount
availed so far is ` 9.03 Crore in 1.40 lakh accounts.
Status of Financial Inclusion
(As on March 31, 2012)
Sl. No Frill Accounts Accounts Amount
No (No in Lacs) (` Crores)
1 No Frill Accounts through Branches 37.25 1005
2 No Frill Accounts through Business 49.32 188
Correspondents
lnlnº÷ ¤¤|¤ ~|º| lnlnº÷ ~|l< ¤=i ¤|t- l¤l-n|-|~| +
=|·| -|nnn/(n~|¤¸ l+¤| t
iv. f¤-at¤ =nr¤rrª
l¤·-i¤ =n|¤z|- ¤+ + ln( v|·|ln+-| -|·| ·t| t ¤=|l+ ''¤+
·lt- + ln( ¤+'' + ~¤- lnz|- n <z||¤| ª¤| t ¤+ - =¸--|
~|· =-|· v|¤|lª+i :~|:=iºi| ¤· ~|¬|l·- +|·|¤|· vl-l-l¬
:¤i=i| n|÷n +| ~¤-|¤| t l¤=n +|·|¤|·i vl-l-l¬ t º÷ t -÷
ºln-n
-(-ºi| +| v¤|ª +· ·t t ¤| +-:i¤ =¤· = ¤÷ tª|t+| +| ªn|º +|÷ v<|- l+¤ ª¤ t l¤=n ¤|¤|nlº+ ¤t-|- ~|·
n-<- +i =l¤·|| <i ª: t ¤+ - .ºº + ¤|< ~|:=iºi ~|¬|l·-
=n|¬|-| +| :ª-n|n +·- t( ªº l¤z|·| ¤l·¤|¤-|~| n º.·º n|º|
= ~l¬+ n|·|ª |lt¤| +| +¤· l+¤| t
+rrta =t¤rt ¤r t¤rf+rnrª =f+r¤rª-zooo = =f¤¤ ¬ª==¤r
¤r¬ nr¤r n ¤f¤n =¤rq ¤ªrª ¤tªr
+|·| ¤|· vl-l-l¬¤| + n|·¤n = ª¤|l·|n|- ~l·|¤|- + ~ -ª - ~|¤ lº-
( = :·ºº ª| ¤| +| +¤· l+¤| ª¤| t ¤| -| l+n º||- º|| n- + ,|·|
-+<i v|-- +·- ~| · ·| ª-|- +·- + ln( = ¤|( v<|- +· ·t t ¤ +
:- ¤i=i ª·||-| +| ·||·- =·+|· + l<z||l-< z|| + ~- =|· ~·¤-- ¤| ºi
z||º||~| :¤¸ (=¤i| n ¤l·¤l- - +· ·t| t ¤ + .¡ ·|-¤| n .·¡¡
+|·| ¤|· ¤· l=lnº º· +i = ¤|~| +| -¤¤| ª +· ·t| t
f¤-at¤ =nr¤rrª ¤r¬ªrq .
n|- .º¡ª -+ l¤·-i¤ =n|¤z|- ¤|¤-| +| ¤ + ,|·| ª¤i+|· l+¤|
ª¤| t l¤=n -=+ l¤l·|-- ¤·|niº·| ~·||-¸ ¤i=i + =|·| ª|¤| +i
+¤·¤ l+=|- +l÷º +|÷| :+=i=i| ~|· =|n|-¤ +l÷º +|÷|
:¤i=i=i| +| ¤|·i +·- n +|¤l-·¤|<- -|l+n º||- º||n-| ~|·
-|l+n º||-| n ~|¤·÷|+º v<|- +·-| z||lnn t ¤+ - n|- .º¡.
+ ~- n ¡º.º n|º| l+=|- +l÷º +|÷ ¤|·i l+¤ t l¤-n
¡º.· +·|÷ ª¤¤ +| z|·| t ¤+ - ¡.. n|º| =|n|-¤ +l÷º
+|÷ ·|i ¤|·i l+¤ t l¤-n :·¡ +·|÷ +| z|·| t
ªrf¤¬ =rra .
¤+ ~¤-i z||º||~| ~|· +|·|¤|· vl-l-l¬¤| + n|·¤n = -|l+n
º||-| +| º||n- +i =l¤¬| nª|-|· v<|- +· ·t| t n|- .º¡. -+
z||º||~| n ª..· n|º| -|l+n º||- º||n ª¤ t l¤-n ¡ºº· +·|÷
ª¤¤ +| z|·| t ~|· ¤i=i +-:| n :º.ª. n|º| º||- º||n ª¤ t
l¤-n ¡ºº +·|÷ ª¤¤ z|·| t ¤+ -|l+n º||-| n ~|¤·÷|+º +i
~--l-lt- =l¤¬| v<|- +· ·t| t ~|· ~¤ -+ ¡.:º n|º| º||-| n
º.ºª +·|÷ ª¤¤ +i ·|lz| v|-- +i ª: t
f¤-at¤ =nr¤rrª ftºrfa
:ª¡ n|- .º¡. +i lª·|l- + ~-=|·|
a. nfaf¤f¤ =rra trfrr
ª . (==¤r ¬r=rr n) (¤trz =. n)
1 z||º||~| + n|·¤n = 37.25 1005
-|l+n º||-
2 +|·|¤|· ~l·|+-|~| +
n|·¤n = -|l+n º||- 49.32 188
31
Electronic Benefit Transfers (EBT)
Bank is participating in the EBT schemes wherein various social
benefits like widow pension, NREGA wages, etc. are being
disbursed. Bank is associated with these programmes in 4 States
where over 3.70 lakh beneficiaries are being served.
Aadhaar initiatives:
Bank is registered with Unique Identification Authority of India
(UIDAI) for enrolments into UIDAI system for issuance of Aadhaar
numbers to the residents. Bank is also opening the Aadhaar enabled
bank accounts.
National Pension System (NPS) - Swavalamban Scheme
During the year, Bank has registered with Pension Fund Regulatory
and Development Authority (PFRDA) as Point of Presence (POP)
for the National Pension System. Bank shall undertake enrollments
under Swavalamban scheme wherein the people in unorganized
sector are to be covered.
Financing of Rickshaw Pullers
The bank has been financing the rickshaw pullers since 2008 and
has continued this initiative during the current year also. The bank
has cumulatively financed 10259 rickshaw pullers so far.
Financial Literacy and Credit Counseling Centres
The Financial Literacy and Credit Counseling Centres(FLCCs) were
introduced to impart financial education. Our Bank has lead Bank
responsibility in 57 districts and Bank has opened FLCCs in all these
districts along with one in Delhi, taking the total number of FLCCs
to 58.
These centres are providing face to face counselling on financial
issues related to banking viz. deposits, opening of No frill Accounts,
preventive and curative credit conselling etc. During the year 2011-
12, 2,00,221 enquiries were made in the FLCCs and 1,95,601
persons attended the seminars conducted by FLCCs.
v. ASSET QUALITY
Ratio of Gross Non-Performing Assets (NPAs) to Gross Advances
of the Bank stood at 2.93% at the end of March' 2012 and the
ratio of Net NPAs to Net Advances was 1.52%. Bank gave focused
attention on NPA Management. Account-specific resolution
strategies were implemented and progress was monitored
regularly in all NPAs. Thrust was also given to upgradation of
NPAs to performing category. While Bank initiated enforcement
action under SARFAESI Act in majority of eligible NPAs,
Compromise / negotiated settlement was adopted as another vital
strategy to tackle NPAs. Special recovery campaigns (Rin Mukti
Shivirs) were launched in various geographical locations, where
Senior Authorities from Circle Office/ Head Office and Field
General Managers (FGMs) participated for on the spot decisions
on resolution of accounts i.e. One Time Settlement (OTS)/
Upgradation etc.
;¬¤ºrfª¤ ¬r+r =at¢r (;¤tºt¸
¤+ :¤iºi ¤|¤-| n ·||ª n ·t| t l¤=n l¤l·|-- =|n|l¤+ n|·||
¤=l+ l¤¬¤| ¤z|- -·ª| ¤-- ~|l< +| =l¤-·º| l+¤| ¤| ·t| t
¤+ : ·|-¤| n :- +|¤+n| = ¤÷| t l¤=n ª.º n|º| n|·||l·|¤|
+| =¤| v<|- +i ¤| ·ti t
=r¤rt ¤r¬
¤ + l-¤|l=¤| +| ~|¬|· = º¤|~| +| ¤|·i +·- + ln( ¤¸ ~|: ÷i(~|:
l=ªºn n -|n|+- +·- + ln( ·||·-i¤ l¤lz|·º ¤t-|- v|l¬+·º|
:¤¸~|:÷i(~|:| + =|·| ¤¤i+- t ¤+ ~|¬|· =nl·|- ¤+ º||-|
+| ·|i º||n ·t| t
trrºt¤ ¤rrª ¤¢rr¬t (qª¤tq=¸-t¤r¤¬¤ª ¤r¬ªr
¤·| + <|·|- ¤+ - ·|·ºi¤ ¤z|- vº||ni + ln( -¤|:º ~|¤· v¤=
:¤i~|¤i| + ª¤ n ¤z|- l-l¬ l¤l-¤|n+ ~|· l¤+|= v|l¬+·º|
:¤i(¤·~|·÷i(| n ¤¤i+- l+¤| t ¤+ ª¤|¤n¤- ¤|¤-| + ~-ª-
-|n|+- +·ª| l¤=n ~=ªla- -|·| + ·¤l+-¤| +| +¤· l+¤|
¤|(ª|
ft¤rrr ¤r¬¤r ¤r f¤-a ¤rrr¢r
¤+ .ººº = l·+z|| -|n+| +| l¤·- ¤<|- +· ·t| t ~|· ¤-n|-
¤·| n ·|i ¤t ¤tn ¤|·i ·º|i t ¤ + - ~¤ -+ +n lnn|+·
¡º.·º l·+z|| -|n+| +| l¤·- v<|- l+¤| t
f¤-at¤ =r+rtar q¤ =¢r ¤trnrr ¤-) (q¤·q¬=t=t¸
l¤·-i¤ =|-|·-| (¤ +º| ¤·|nz|<|¤i +-:| +| l¤·-i¤ lz|-|| v<|-
+·- + ln( ~|··| l+¤| ª¤| ·|| ¤+ +| · l¤n| n ~ªº|i ¤+
+| -·-·<|l¤·¤ t ¤t| tn|· l¤·-i¤ =|-|·-| (¤ +º| ¤·|nz|<|-|
+-:
¤·(n=i=i| t ~| · (+ l<-ni n ·|i ~·|| -¸ :-+i +n=º¤| ·º t
¤ +-: ¤l+ª ~·||-¸ ¤n|·|lz|¤| -|l+n º||-| +| º||n-| l-¤|·+
(¤ =|·¤ +º| ¤·|nz| <|-| ~|l< = =-¤l-¬- l¤·-i¤ n|nn| +
=-¤-¬ n ~|n-=|n- ¤·|nz| v<|- +· ·t t ¤·| .º¡¡¡. +
<|·|- .ºº..¡ =º¤| +i ¤¸¤-|¤ (¤·(n=i=i n +i ª: ·|i ~|·
(¤·(n=i=i ,|·| ~|¤|l¤- =ln-|·| n ¡º··º¡ n|ª| - ·||ª ln¤|
v. =rfta n¢r¤-ar
¤ + + =+n ~lª n| n =+n (-¤i( +| ~- ¤|- n|- .º¡. + ~ -
n ..ºª· ·t| ¤¤l+ l-¤n ~lª n| n l-¤n (-¤i( +| ~- ¤|-
¡.·.· ·|| =·|i ~-¤ + ~|lª-¤|
-¤i(| + n|nn n º||-| l¤lz|·º¤ ª-|¤ ·º|-il-¤| +| +|¤| l-¤- l+¤| ª¤| ~| · =·|i (-¤i( n ¤ ªl- +|
l-¤ln- ª¤ = n| l-º· l+¤| ª¤| ¤¤l¤ ~-¤ + ~|lª-¤| +| ~¤ +
~|lª-¤| + ª¤ n ---- +·- ¤· ¤n l<¤| ª¤| ·|| -·||l¤ =·¤· =i
(SARFAESI) ~l¬l-¤n + ~ -ª - ¤l·¤- - +|· ¤|: -¤¤ +- n|nn| n
~|· ·| +i ª: ·|i =n¤| -|/¤|--i- ·¤¤ª·||¤- +| ~-¤ + ~|lª-¤| =
l-¤º- + ln¤ <¸ =· -¤|¤ + ª¤ n ~¤-|¤| ª¤| ·|| ¤ |-- ~- ·|¤ -·||
l¤l-¤|n+ n|ª l-< z|| + ~|¬|· ¤· ¤ + +i +º| +i ¤=¸ ni -·|| (-¤i(
v¤ ¬- -il- +| = - ln- ª¤ = - ¤|· l+¤| ª¤| l¤z| ·| ¤=¸ ni ~l·|¤|-
:+º| n l+- lz|l¤·| l¤l·|-- ª·||-| ¤· ~|· ·| l+¤ ª¤ ¤t| n ÷n
+|¤| n¤/v¬|- +|¤| n¤ = ¤l··a v|l¬+|l·¤| -·|| ¤·i-÷ nt|v¤ ¬+| -
º||- + vª-|¤ ~·|| -¸ (+ ¤|·ªi l-¤º|·| :~| ºi(=|/---¤- ~|l< +
ln¤ -=i ª·||- ¤· l-º| ¤ n - n =t·||lª-| +i
32
Exclusively for resolving NPAs, Bank has set up specialized 17 Asset
Recovery Management Branches (ARMBs) and 34 Special Asset Recovery
Cells (SARCs). Besides, following steps were taken during the year:
• "Prayaas" Staff Incentive Scheme for association of staff
members in recovery of NPAs and written off accounts.
• Engagement of Resolution Agents including Asset
Reconstruction Companies (ARCs) & honorably retired bank
officials on commission basis in accounts up to ` 1 crore.
• Comprehensive on the spot review of ARMBs and steps for
their revamp have been initiated.
• In small value NPAs up to `10 lakh, Rin Mukti Shivirs created
a favourable recovery atmosphere. During the year, 32,367
borrowers participated in 139 Shivirs resulting in cash recovery
of `48.64 crore, upgradation of 2436 accounts with balance
outstanding of `53.98 Crore and recovery of ` 22.59 crore in
Irregular accounts.
• OTS was marketed as a product for faster resolution of NPAs
and OTS in 60,524 accounts were approved.
• One to one Meeting with NPA borrowers of `1 crore and
above by FGM/at HO for quick decision on recovery/
restructuring etc.
• Targeted and freshly slipped accounts during the year were
focused for recovery.
Accounts with aggregate outstanding of `529.69 crore were
upgraded to standard category. Total cash recoveries in NPA
accounts amounted to ` 1675.43 crore. Through well defined
recovery policy, 60524 NPAs amounting to ` 1120.30 crore were
resolved through negotiated settlements. During the year 2011-
12, Bank recovered `50.65 crore out of the accounts earlier written
off. Moreover, there is an increasing trend in reduction, if the effect
of debt waiver and prudential write off is netted from the data.
a. Industrial Rehabilitation
Bank continued its efforts towards rehabilitation of potentially
viable sick units to provide the much needed relief to industrial
sector by debt restructuring. Bank has been assigned the role
of 'Operating Agency' of Board for Industrial & Financial
Reconstruction (BIFR) in a number of accounts. During 2011-
12, Draft Rehabilitation Schemes (DRS) was formulated by
the bank as 'Operating Agency' of BIFR in 03 accounts. Bank
has also implemented rehabilitation package in 1 case
sanctioned by BIFR during 2011-12.
b. Corporate Debt Restructuring (CDR)
To ensure timely restructuring of the debt of viable corporates
availing credit facilities under consortium /multiple banking,
a transparent mechanism has been formed by RBI under CDR
(-¤i( + =n|¬|- + ln¤ ~--¤ ª¤ = ¡ ~|lª- ¤=¸ni v¤¬-
z||º||¤ -·|| ª: l¤z|·| ~|lª- ¤=¸ni +-| ª·||l¤- l+¤ t :=+
~l-l·+- ¤ + - l---lnlº|- +<n ·|i -a|( t ·
• ~-¤+ ~lªn| n ¤=¸ni -·|| ¤º¸º ÷|n ª¤ º||-| n ªº|¤·
=<ª¤| + =t¤|ª + ln¤ ''v¤|='' ªº|¤· v|·=|t- ¤|¤-|
• ¡ +·|÷ -+ + º||-| n +niz|- ~|¬|· ¤· (~|·=i -·||
=-n|-¤-+ ª¤ = =¤| l-¤·- ¤+ +ln¤| =lt- l·¤|-¤¸z|-
(¤-º| +| nª|-|
• (~|·(n¤i +i n| + ¤· ·¤|¤+ =ni-|| +·-| ~| · --+ ¤ -= z|| ·|-
+ ln( +<n -a|-|
• ¡º n|º| -+ + ¤|º n¸-¤ + (-¤i( n ~-+¸n ¤=¸ni
¤|-|¤·º| - ¤|· +·- + ln( +º| nl+- lz|l¤· ~|¤|l¤- l+¤
ª¤ ¤·| + <|·|- ¡ªº lz|l¤·| n ª.ª· +lº|¤| - ·||ª ln¤|
l¤=+ ¤l·º||nª¤ª¤ :º.·: +·|÷ +i -+< ¤=¸ni t: .:ª·
º||-| +| ---¤- t~| l¤=n ·ª.ºº +·|÷ +| ¤+|¤| z|·| ·t|
~|· l-¤ln- º||-| n ...·º +·|÷ +i ¤=¸ni t:
• (-¤i( + -i¤ =n|¬|- + ln( ~|ºi(= +| -·¤|< + ª¤ n
l¤¤lº|- l+¤| ª¤| ~|· ·º·.: º||-| n ~|ºi(= ~-n|l<- l+¤|
ª¤|
• (¤·¤i(n/v¬|- +|¤| n¤ ,|·| (+ +·|÷ ª¤¤ ¤ :== ~l¬+
+ (-¤i( +lº|¤| + =|·| (+(+ +·+ ¤ a+ +·-| -|l+
¤=¸ni/¤-=·--| ~|l< t- -·+|n l-º| ¤ ln¤| ¤| =+
• ¤·| + <|·|- n-¤¤z ~|· -¤ ª¤ n (-¤i( ¤- º||-| n ¤=¸ni
+ ln( ·¤|- <-|
ª¤¤ ·.º.·º +·| ÷ +i + n ¤+|¤| ·|lz| ¤|n º||-| +| n|-+ > º|i n
---- l+¤| ª¤| ·|| ~-¤ + ~|lª- º||-| n + n -+< ¤=¸ ln¤| ¤·| +
<| ·|- ¡··.:ª +·| ÷ ª¤¤ ·ti = ¤l··||l·|- ¤=¸ ni ¤|ln=i + n|·¤n
= ¡¡.º.ªº +·| ÷ ª¤¤ +i ·|lz| + ·º·.: ~-¤ + ~|lª- º||-| +|
¤|--i- + n|·¤n = =n|¬|- l+¤| ª¤| ¤·| .º¡¡¡. + <| ·|- ¤ +
- ¤tn = ¤º¸ º ÷|n ª( º||-| n = ·º.·· +·| ÷ ª¤¤ ¤=¸ n l+(
:=+ ~l-l·+- ¤l< +º| n|¤·i ~| · l¤¤ +¤¸ º| ¤º¸ º º||-| ÷|n- +
v·||¤ +| ~| +÷ n - ¤| ÷ | ¤|( -| +ni n ¤ lz +| ªº| t
¤. =rurfn¤ ¤ªtºrr¤ªr
¤+ - +º| ¤-·=·--| ,|·| ~|¤|lª+ -|·| +| ~|¤z¤+ =t|¤-|
v<|- +·- + ln( =·||·¤ ~·|-|n ª·º| ¤¸l-º| +i ¤-·ª·||¤-|
+ v¤|= ¤|·i ·º| ¤ + +| ¤÷i = º¤| n º||-| n
¤i.~|:.(¤·~|·. +i '¤l·-|n-+|·i (¤=i' +i ·|¸ln+| l-l<·º
+i ª: t ¤·| .º¡¡¡. + <|·|- ÷|¤·º ¤-¤|= ¤|¤-|
:÷i~|·(=| ¤ + ,|·| ºª º||-| n ¤i~|: (¤·~|· +i ¤l·-|n-+|·i
(¤=i + ª¤ n -¤|· +i ª: ·|i ¤+ - ¤·| .º¡¡¡. + <|·|-
¤i~|
¤·~|· ,|·| ª¤i+- º¡ n|nn n ¤-¤|= ¤+¤ +|+|¤| l-¤- l+¤|
=r. fªnfna =¢r ¤ª=t¤ªr (=tzt=rt¸
=·|i¤/¤tl¤¬ ¤l+ª + ~-ª- +º| =l¤¬|~| +| -¤¤|ª +·-
¤|n =·||l¤- +|·¤|·º| + +º| +i =n¤ = ¤-=·--| =l-lz--
+·- + ln( ¤|·<z|i n+l--n =i÷i~|· vº||ni + ~-ª-
33
system. During the year 2011-12, 19 accounts with
outstanding of ` 2008.93 were restructured under CDR. Out
of this, PNB has been assigned the role of Monitoring
Institution in 04 accounts.
c. Debt Restructuring Mechanism for Small & Medium
Enterprises
For timely restructuring of dues of MSMEs facing genuine
problems, bank has adopted Debt Restructuring Mechanism
for Small & medium Enterprises (DRM for SMEs) on the line
of CDR since the year 2005-06. During the year 2011-12,
the Bank has restructured 171 accounts with aggregate
outstanding of ` 565.62 crore.
d. Restructuring-Others
Bank has also put in place a transparent mechanism for
restructuring of debts of potentially viable units, which are facing
temporary problems due to factors beyond their control and
which are not covered under BIFR/ CDR/DRM for SMEs. During
the year 2011-12, 273 accounts involving ` 12759.37 crore
were restructured/rescheduled under this category.
4. FOCUS ON SUSTAINABILITY
The risk management philosophy & policy of the Bank is an
embodiment of the Bank's approach to understand, measure &
manage risks. It aims at ensuring sustained growth of healthy asset
portfolio. This would entail adopting leadership approach in products
and segments well understood by the Bank and having pre-
determined risk standards of moderate to low risk level, innovative
approach in high risk areas taking limited exposure, optimizing the
return by striking a balance between the risk and the return on
assets and striving towards improving market share to maximize
shareholders' value.
a. Credit Risk
Bank has robust credit risk framework and has already placed
credit risk rating models on central server based system 'PNB
TRAC', which provides a scientific method for assessing credit
risk rating of a client. Periodic validation exercises of the
rating models are undertaken and rating migration and
default rate analysis are carried out to test robustness of
rating models. The output of the rating models is used in
decision making i.e. sanction, pricing and monitoring of credit
portfolio. Bank has set a desired portfolio distribution in terms
of Low Risk, Medium Risk & High Risk Categories and the
actual portfolio is being monitored on quarterly basis and
the same is placed to the Risk Management Committee of
the Board. Taking a step further, Bank has developed and
placed on central server scoring models in respect of retail
-¤n·¬ t ¤·| .º¡¡¡. + <| ·|- .ººº.ºª ª¤¤ +i ¤+|¤|
¤|n ¡º º||-| +| =i÷i~|· n+l--n + n|·¤n = ¤-·=·l--
l+¤| ª¤| ·|| ¤-·=·l-- º||-| n = º: º||-| n ¤i(-¤i +|
n|l-lºl·ª =ª·|| +i ·|¸ln+| l-l<·º +i ª: ·|i
n. ¬rr q¤ nª¤n sunr ¤ f¬q =¢r ¤ª=t¤ªr n¤fªºn
¤+ - ¤·| .ºº·º· = =i÷i~|· + ~-=|· n·| (¤ n·¤n
-¤n| + ln( +º| ¤-=·--| n +l-¤n +| ~¤-|¤| t :=
n +l--n + ~-ª - ¤|ª-l¤+ =nª¤|~| +| =|n-| +·- + ln(
=n¤ = ¤-=·--| =l-lz-- +i ª: t ¤·| .º¡¡¡. + <|·|-
¤+ - ª. ···.·. +·|÷ + +n ¤+|¤| ·|lz| + ¡¡ º||-| +i
¤-=·--| +i
rr. ¤ª=t¤ªr-=-¤
¤ + - -- = ·||l¤- ª¤ = -¤· =+- ¤|ni ¤¸ l-º| + +º|| +i
¤ -·= ·--| + ln( ¤|·<z|i n + l--n ·|i vª- - l+¤| t ¤| --+
l-¤ ·|º| = ¤|t· ·|º+| + +|·º| ~ª·||: =nª¤|~| +| =|n-| +·
·t t ~| · ¤ l¤-t n·| (¤ n·¤n -¤n| + ln( ¤i~|: (¤·~|·/
=i÷i~|·/÷i~|·(n + ~ -ª - +¤· -ti l+¤| ¤| =+-| ¤·|
.º¡¡¡. + <| ·|- ¡.·º.ª +·| ÷ ª¤¤ +i ·|lz| + .ª º||-|
+| := > º|i + ~ -ª - ¤ -·= ·l--/¤ -·l-¬| l·- l+¤| ª¤| ·||
+. ªtrr¤r¬tªar ¤t ¤·r¤=
¤ + +i ¤| lº|n v¤ ¬- <z| - (¤ -il- ¤ + + < l·º+| º| +| n¸ - ª¤
t l¤== -¤|¤| +| =n¤| ¤| =+ (¤ ¤| lº|n| +| v¤ ¬- l+¤| ¤|
=+ -·|| < ªª- ~|lª- ¤| º ¤·| ln¤| + l¤+|= +| = l-lz-- +·-
+| n-¤ ¤|¤| ¤| =+ ¤t ¤ + ,|·| = l¤a -·¤|<| -·|| º| ÷| n
- - ·¤ < l·º+| º| +| ~¤-|- + ln( ~l- ~|¤z¤+ t| ª| ~| · +n
¤| lº|n ª-· + ln( = - n- + ¤¸ ¤ l-¬| l·- ¤| lº|n n|-+ t| ª
--- ¤| lº|n -| ·|| n =iln- (+=¤| ¤ · t| ª ¤| lº|n (¤ l·º- +
¤i- = - n- -·¤-- t| ª| ~| · z| ¤·¬|·+ n¸ -¤ +| ~l¬+-n +·-
+ ln( ¤|¤|· z| ¤· n = ¬|· t - v¤|= +·- + ln( ~|¤z¤+
t| ª|
¤. =¢r ¬rf=rn
¤ + - + l÷º ¤| lº|n ¤· n¤+ +| n¤¤¸ - l+¤| t ~| · + -:i¤
=¤ · ~|¬|l·- vº||ni ¤i(-¤i º + ¤· + l÷º ¤| lº|n n¸ -¤| +-
n| ÷n| +| vª- - l+¤| t ¤| ª |t+ + + l÷º ¤| lº|n n¸ -¤| +- +
ln¤ ¤ a|l-+ ~|¬|· -¤n·¬ +·-| t n¸ -¤| +- n| ÷n| +
~|¤l·|+ ¤ ¬-| v¤| ª +| ~|· ·| l+¤| ª¤| t ~| · n¸ -¤| +- v¤=-
-·|| -¸ + <· l¤zn ·|º| n¸ -¤| +- n|÷n| + = - n- + ¤·i-|º| +
ln¤ +|¤| l-¤- l+¤ ¤|- t n¸ -¤| +- n| ÷n| +| ~|-º¤ º ¤ +
+i l-º| ¤ -|n-| ~·|| -¸ +º| ¤| º ¤·| ln¤| +i n ¤¸ ·i v|:l= ª -·||
n| l-ºl· ª n v¤ +- l+¤| ª¤| t ¤ + - +n ¤| lº|n n·¤n
¤| lº|n -·|| --- ¤| lº|n > lº|¤| + ~- =|· ¤|l¤- ¤| º ¤·| ln¤|
l¤-·º| ª·||l¤- l+¤| t -·|| ¤|ª-l¤+ ¤| º ¤·| ln¤| l-n|ti ~|¬|·
¤· n| l-º· l+¤| ¤|-| t ~| · -= ¤| ÷ +i ¤| lº|n v¤ ¬- =lnl-
+ =n-| vª- - l+¤| ¤|-| t := l<z|| n ~|· ~|ª ¤·- t ( ¤ +
- l·º n ¤ l+ ª -·|| (=(n: -| ·| + ~lª n| + = ¤ ¬ n = -º n
=¤ · + l÷º ª+| l· ª n| ÷n +| l¤+l=- +·- t ( -= vª- - l+¤|
34
banking and SME sector advances. These processes have
helped Bank to achieve quick & accurate delivery of credit,
bring uniformity in the system and facilitate storage of data
& analysis thereof. The scoring model for farm sector has
also been developed.
b. Market Risk
Bank has in place a well defined organizational structure for
market risk management functions, which looks into the process
of overall management of market risk viz. interest rate risk,
foreign exchange risk, liquidity risk and implements
methodologies for measuring and monitoring the same. Tools
like stress testing, duration, modified duration, VaR etc are being
used effectively in managing risk in the treasury operations.
Asset Liability Management (ALM) of the Bank is done on
proactive basis to manage any eventuality. Although liquidity
position in the system remained tight during the year, Bank
managed to tide over the situation by proactive liquidity
management using various prescribed tools like Repo etc. The
liquidity situation of the bank is now comfortable. With Core
Banking Solution (CBS) covering entire branch network, ALM
in respect of all assets and liabilities is being done on daily
basis. Moreover, fixation of BPLR/Base rate and interest rates
in respect of assets and liabilities products is done on scientific
basis. The bank has moved from BPLR to Base Rate System
for pricing of fresh loans/renewals of existing with effect from
01.07.2010.
c. Operational Risk
Bank has in place a well defined organizational structure for
operational risk management functions, which looks into the
process of overall management of operational risk. Bank has
robust operational risk management (ORM) framework with
a well-defined ORM Policy. Bank is identifying, measuring,
monitoring and controlling/ mitigating the operational risk
by analyzing historical loss data, Risk & Control Self Assessment
Surveys (RCSAs), Key Risk Indicators (KRIs) and Scenario
Analysis etc. Bank has also introduced an online Op-Risk
Solution under Enterprise wide Data Warehouse Project and
placed it on central server to take care of various aspects of
data capturing and management information system at various
levels.
d. New Capital Adequacy Framework
Bank has migrated to New Capital Adequacy Framework
(NCAF), popularly known as Basel II w.e.f March 2008 and
approaches prescri bed by the ' Regul ator,' namel y
Standardized Approach under Credit Risk and Basic Indicator
Approach under Operational Risk have been implemented.
Standard Duration Approach for Market risk has also been
adopted for Market Risk. As per RBI guidelines, relevant
t :- vl+¤|~| = ¤ + +| =t|¤-| lnni t l+ +º| +i -·+|n
(¤ =ti l÷ni¤·i = l-lz-- +i ¤| =+ l=ªºn n (+ª¤-| n|:
¤| =+ (¤ ÷|º| +| ªº| · ¤ (¤ -=+| l¤zn ·|º| l+¤| ¤| =+
¤·|n -| ·| + ln¤ ª+| l· ª n| ÷n +| ·|i l¤+l=- l+¤| ª¤| t
=r. ¤r¬rt ¬rf=rn
¤ + - ¤|¤ |· ¤| lº|n v¤ ¬- +|¤| + ln( = ¤l··||l·|- = ªa-|·n+
=·--| l¤+l=- +i t ¤| ¤|¤|· ¤|lº|n ~·||-¸ ·¤|¤ <·
¤|lº|n l¤<z|i l¤l-n¤ ¤|lº|n -·n-| ¤|lº|n + =n¸- v¤·|-
+i vl+¤| +| <º|-| t ~|· -=+ n¸-¤|+- (¤ n|l-ºl·ª +i
vº||ln¤| +| +|¤|l-¤- +·-| t <¤|¤ ¤·i-|º| ~¤l¬ =z||l·|-
~¤l¬ ¤i(~|· ¤= -¤+·º|| +| º¤·i ¤l·-|n-| n ¤|lº|n|
+| v¤-¬- +·- n v¤+- l+¤| ¤| ·t| t
¤ + +i ~|lª- <¤-| v¤¬- l+=i v+|· +i =·||·¤-| +i
·¤¤ª·|| + ln¤ ~ª =l+¤ ~|¬|· ¤· l+¤| ¤|-| t ¤¤l¤
vº||ni n -·n-| lª·|l- ¤·| + <|·|- +la- ·ti -·||l¤ ¤+ -
·¤| ~|l< ¤= l¤l·|-- l-¬|l·- -¤+·º|| + n|·¤n = ¤+ +i
-·n-| lª·|l- ~¤ ~ª =l+¤ -·n-| v¤¬- + ¤l·¤ lª·|l- +i
·¤¤ª·|| +i ¤ + +i -·n-| ~-¤i lª·|l- n t =n¸- z||º||
-º¤+ +| +¤· +·- ¤|n +|· ¤l+ª =|-¤¸z|- :=i¤i(=|
=·|i ~|lª-¤| (¤ <¤-|~| + =¤¬ n ~|lª- (¤ <¤-| v¤-·|-
< l-+ ~|¬|· ¤· l+¤| ¤| ·t| t :=+ ~n|¤| ~|lª-¤| (¤
<¤-|~| -·¤|<| + =¤¬ n ¤i¤i(n~|·/¤= <· -·|| ·¤|¤ <·|
+| l-¬|·º| ¤a|l-+ ~|¬|· ¤· l+¤| ¤|-| t ¤+ - ¡ ¤n|:
.º¡º = -( +º|| +i v|:l=ª/n|¤¸<| +º|| + -¤i+·º| + ln(
¤i¤i(n~|· = ¤= <· vº||ni n ¤l·¤-- +· l<¤| t
n. ¤ft¤r¬ªna ¬rf=rn
¤ + - ¤l·-|n-ª- ¤| lº|n v¤ ¬- +|¤| t - = ¤l··||l·|-
= ªa-|·n+ ·| -| ª·||l¤- l+¤| t ¤| ¤l·-|n-ª- ¤| lº|n +
=nª v¤ ¬- +i vl+¤| +| < º|-| t ¤ + + ¤|= n¤¤¸ -
¤l·-|n-ª- ¤| lº|n v¤ ¬- + n¤+ ~| · = ¤l··||l·|- ~| ~|·(n
¤| ln=i t ¤ + ¤·¤ ·|ª- t|l- ÷|º| + l¤zn ·|º| ¤| lº|n ~| ·
l-¤ ·|º| ª¤l-·|| ·º| =¤ -|º| :~|·=i(=((=| nt·¤¤¸ º| ¤| lº|n
=¸ -+| :+ ~|·~|: (=| ~| · ¤l·< z¤ l¤zn ·|º| ,|·| ¤l·-|n-ª-
¤| lº|n| +i ¤t-|- ~- n|- l-ª·|-i ~| · l-¤ ·|º|/~-¤i+·º|
+· ·t| t ¤ + - : º·v|:¤ ¤|:÷ ÷ º| ¤ ¤·t|-= v| ¤ +º +
~ -ª - (+ ~| -n|:- ¤l·-|n-ª- ¤| lº|n =| -¤¸ z|- ·|i n|ª¸
l+¤| t ~| · ÷ º| + --l· ª + l¤l·|-- ¤tn ~| ~| · l¤l·|--
ª-·| ¤· v¤ ¬ =¸ --| vº||ni +| ·¤|- ·º|- + ln( -=
+ -:i¤ =¤ · ¤· ·º|| t
rr. ª¤r ¤¸¬t ¤¤rtaar zr¤r
¤+ - n|- .ººº = -( ¤¸¤i ¤¤|---| ·|-
-=i((¤·| ¤|l+ =|n|-¤-¤| ¤ =nII + ª¤ n ¤|-| ¤|-| t n ~-l·- l+¤|
t l¤l-¤|n+ ,|·| l-¬|l·- <l·º+|º| ~·||-¸ +º| ¤|lº|n +
~-ª- n|-+i+- <l·º+|º| ~|· ¤l·-|n-·n+ ¤|lº|n + ~-ª-
n¸n =+-+ <l·º+|º| +| +|¤|l-¤- +· l<¤| ª¤| t ¤+ -
n|+º ¤|lº|n + ln( n|-+ ~¤l¬ <l·º+|º| +| ~¤-|¤| t
·||·-i¤ l·¤¤ ¤+ + l<z||l-<z|| + ~-=|· ~|-l·+ ¤¸¤i
35
policies such as Policy for Internal Capital Adequacy
Assessment Process (ICAAP), Disclosure Policy, Credit Risk
Mitigation & Collateral Management Policy and Policy on
Stress testing have been implemented. Bank is gearing itself
to adopt the advanced approaches in due course of time
under different risks and the estimation of various risk
elements is already in progress. Bank has already got an
approval for migration to "The Standardized Approach" under
Operational Risk on parallel run basis. Our Bank is the first
bank in India to get this approval. Necessary preparation for
mi grati ng to Advanced Measurement Approach of
Operational Risk is also underway. Consequent to RBI's final
guidelines on Implementation of the Internal Rating based
(IRB) approach for calculating credit risk capital charge, gap
analysis in respect of minimum regulatory requirements vis-
à-vis Bank's preparations has been carried out and necessary
action has already been initiated.
5. INTERNATIONAL BUSINESS
Bank' s total Forex turnover from Exports, Imports and
Remittances grew to `1,21,259 crore in FY 2012. Bank has 184
branches authorized for handling foreign exchange business
(including two Foreign Exchange Offices) which are provided
wi th Soci ety for Worl dwi de Interbank Fi nanci al
Telecommunication (SWIFT) connectivity. Over 454 banks
worldwide have been approved to facilitate trade transactions
of our clients. Besides, Bank is having 9 specialized International
Banking Branches (IBBs) at important centres for dedicated
services to our exporter/importer clients. An International Service
Branch and a Centralized Back Office for Trade Finance at Delhi,
have also been set up to expeditiously handle all foreign inward
remittances and to perform back end activities relating to forex
transactions of branches, respectively. To facilitate International
travel, Bank has launched "World Travel Card" which is a prepaid
card denominated in USD, GBP and EURO.
Bank has set up Exchange Bureaus at important tourist centres to
facilitate encashment of foreign currency notes/travellers cheques
to foreign tourists/NRIs. Besides, Bank is having Rupee Drawing
Arrangements (RDA) with 31 Exchange Houses in Gulf countries
and two in Singapore to facilitate remittances from NRIs. In addition,
the Bank has web based remittance arrangements under Money
Transfer Service Scheme (MTSS) for Xpress Money, Money Gram,
Buy India online.com inc, USA(Xoom.com), Ezremit and Western
Union.
6. TREASURY OPERATIONS
The yield on sovereign bonds hardened across the curve during
major part of the year due to series of policy rate hikes, higher
inflation and tighter system liquidity. Besides, equity market
remained in the negative territory. Throughout the year, Bank
actively traded in sovereign bonds, Non- Statutory Liquidity Ratio
¤¤|---| l-¬|·º| vl+¤| :~|:=i((¤i| t- ¤|ln=i v+º-
¤|ln=i +º| ¤|lº|n ~-¤i+·º| (¤ =¤|lz¤+ v¤¬- ¤|ln=i
~|· <¤|¤ ¤·i-|º| ¤· ¤|ln=i ¤=i =ª- ¤|lnl=¤| +| ¤|÷ ,|·|
~- n| l<- l+¤| ª¤| t ~| · ~¤ +|¤| l-¤- +· l<¤| ª¤| t ¤ +
l¤l·|-- ¤| lº|n| + v¤ ¬- + ln( ---- < l·º+| º| +| ~¤-|- ¤·
+|¤ +· ·t| t ~| · l¤l·|-- ¤| lº|n| + ~|+n- +| +|¤ -n ·t|
t ¤ + - ¤tn ti ¤l·-|n-ª- ¤| lº|n + ~ -ª - ''n|-+i+ -
< l·º+| º|'' n ~ -·º| t - ~- n| <- v|-- +· ln¤| t tn|·| ¤ +
·||·- n ¤tn| ¤ + t l¤=- ¤t ~- n| <- v|-- l+¤| t ¤l·-|n-ª-
¤| lº|n + ---- ¤l·n|¤- < l·º+| º| + ¤l·¤- - t - ~|¤z¤+
- ¤|·i +i ¤| ·ti t +º| ¤| lº|n ¤¸ ¤i v·||· +| ¤l·+n- +·-
+ ln( ~|- l·+ <· l-¬| ·º| ~|¬|l·- :~|: ~|·¤i| < l·º+| º| +
+|¤| -¤¤- + =-¤-¬ n ·||·-i¤ l·¤¤ ¤ + + ~ l-n l<z||l-< z||
+ ¤l·º||nª¤ª¤ -¤¸ --n l¤l-¤|n+ ~¤ -||~| ¤-|n ¤ + +i
-¤|l·¤| + ¤|· n ~ -·|n l¤zn ·|º| l+¤| ª¤| t ~| · ~|¤z¤+
+|·¤|: ¤tn +· ni ª: t
s. =-atrrºt¤ ¤rtr¤rt
¤+ + l-¤|- ~|¤|- ~|· ¬-¤·|º| = =+n l¤<z|i n:| º-~|¤·
l¤-||i¤ ¤·| .º¡. n ª. ¡.¡.·º +·|÷ ·t| l¤<z|i n:| n-<- +
ln( ¤+ - ¡º: z||º||~| +| v|l¬+- l+¤| t ::-n . l¤<z|i n:|
+|¤| n¤ ·|i z||lnn t | l¤-n lª¤+º +-l+ºl¤ºi + ln( =|=|:ºi
+i =l¤¬| -¤n·¬ +·|: ª: t ¤+ - ~¤- ª|t+| +| ·¤|¤|l·+
n-<- +i =l¤¬| v<|- +·- + ln( l¤z¤·|· n :·: = ~l¬+
¤ +| +| ~- n| l<- l+¤| t :=+ ~l-l·+- ¤ + - ~¤- l-¤| -+/~|¤|-+
ª|t+| +| =nl¤- =¤| v<|- +·- + ln( <z| + vnº| +-:| n º
l¤z|·| ~-·|·ºi¤ ¤l+ª z||º||( :~|:¤i¤i| ·|i ª·||l¤- +i t ¤+ -
l<-ni n ·¤|¤|· l¤-| t- (+ ~-·|·ºi¤ =¤| z||º|| ~|· (+
+-:i¤+- ¤+ ~|l¤·= º||n| t -|l+ =·|i l¤<z|i l¤v·|º|| +| z|i·|-|
= =-|ln- l+¤| ¤| =+ ~| · l-¤| -/~|¤|- <ª-|¤¤| +i vl+¤| +|
-i¤-| = l-¤º|¤| ¤| =+ ~--·|·ºi¤ ¤|·|| +| =l¤¬|¤-+ ¤-|- +
ln( ¤+ - ''¤-÷ º¤n +|÷'' ~|··| l+¤| t ¤| ¤¸(=÷i ¤i¤i¤i
~|· ¤¸·| n¸-¤¤ª n (+ ¤¸¤ v<-| +|÷ t
¤ + - l¤< z|i ¤¤ º+| /~l-¤|=i ·||·-i¤| +| l¤< z|i n :| -| º/¤|·|i
- +| +| ·| -|- +i = l¤¬| v<|- +·- + ln( vn º| ¤¤ º- + -:|
n (+=- ¤ ·¤¸ ·| ª·||l¤- l+( t :=+ ~l-l·+- ¤ + - ~l-¤|=i
·||·-i¤| ,|·| ·| ¤i ¤|- ¤|ni ·+n| +| = ªn ¤-|- + ln(
l= ª|¤ · n <| ~| · n·¤¤¸ ¤ < z|| n ª¡ l¤< z|i l¤l-n¤ ª t| +
=|·| ª¤¤| ~|t·º| ·¤¤ª·|| :~|·.÷i.(.| z| ª +i t :=+ =|·|
ti (+=v = n-i n-iª |n ¤|¤ : l÷¤| ~| - n|:- ¤¸ (=(
+=~| ~| (n.+| n| : ¤ ÷l·lnº ~| · ¤ ªº- ¤¸ l-¤- + ln( n :|~ -·º| = ¤| ¤| ¤-|
nºi(=(=| + ~ -ª - ¤ + + ¤|= ¤ ¤~|¬|l·- l¤v ·|º| ·¤¤ª·|| t
e. ¤rrr ¤ft¤r¬ª
-il- <· n ¤lz --- n:|ª¤·il- ~| · +÷i l=ªºn -·n-| +i =il·¤
+ +|·º| ¤·| + nº¤ ·||ª + <|·|- ~|¤ ¤l·¤-- = =·+|·i ¤|÷|
+i ~|¤ +n t| ª: :=+ ~l-l·+- :l+¤ºi ¤|¤|· -+|·|·n+ -|·| n
¤-| ·t| ¤¸· ¤·| + <|·|- ¤+ - =·+|·i ¤|÷| ª·=|l¤l¬+ -·n-|
~-¤|-
=(n~|·| ¤|÷| ~| · :l+¤ºi n =l+¤ ª¤ = ·¤|¤|·36
(Non-SLR) bonds and equities. Bank's gross investments rose by
28.9% (YoY) to `1,23,147 crore as at the end of 31st March 2012.
While investment in SLR segment registered a growth of 25.3%,
Non-SLR investment increased by 47.21%. For the FY 2011-12,
Income on investment portfolio grew by 36.43% to `7692 crore.
During the year, average yield on investment was 7.57% as against
the 7.09% in 2010-2011. The liquidity position of the Bank was
generally comfortable throughout the FY 2011-2012 with Bank
complying the requirements of CRR/SLR as stipulated by RBI.
7. BUSINESS DIVERSIFICATION
Mutual Fund: Bank is distributing and marketing Mutual Fund
products of Principal- PNB AMC & UTI AMC. During FY 2011-12,
Bank earned brokerage to the tune of ` 2.27 crore.
Gold Coin Business: Under the Gold Coin scheme, Bank is presently
selling gold coins of 2gm, 5gm, 8gm, 10gm & 20gm. During
2011-12, Bank sold 78,599 gold coins weighing 577 Kg as against
30,325 coins weighing 206 Kg last year. During 2011-12, Bank's
earning from sale of Gold Coins more than doubled by 218% to
`7.16 crore.
Insurance Business: During FY 2011-12, Bank has mobilized Life-
Insurance business as a Corporate Agent of Life Insurance
Corporation of India (LIC) till 28th September 2011 and thereafter
with M/s MetLife India Insurance Co. Ltd. w.e.f. 13th October
2011. During FY 2011-12, aggregate premium collection under
both the tie-ups grew YoY by 152% to ` 287 crore from 64898
policies. Bank's earnings from Life-Insurance business grew by a
robust 213% to ` 21.2 crore.
For Non-Life Insurance business, under tie-up with Oriental
Insurance Co. Ltd, premium collection amounted to ` 107.5 crore
from 3.53 lac policies. From this, Bank earned a revenue of
`12.06 crore during 2011-12, showing a growth of 88%.
Depository Services: Bank is providing Depository Services as
Depository Participants of NSDL through 659 authorized branches
covering 259 centers across India. Bank has earned an income of
`119 lakh in 2011-12 as against `95.17 lakh in 2010-11 for
providing Depository Services.
On line trading facility: Online trading facility is being provided
through Bank's Alliance Partners and referral income of `40 lakh
has been received from Online Trading Activities in 2011-12 as
against `55.76 lakh during 2010-11.
Merchant Banking: As Category-I Merchant Banker, Bank has
handled 6 assignments as "Banker to the Issue" and 106
assignments of Dividend Payment/Interest Payments during the
financial year 2011-12. Besides this, Bank has handled 4
assignments of Monitoring Agency and 25 assignments of
l+¤| ª¡ n|- .º¡. +| ¤+ +| =+n l-¤z| ¤·||-¤·| ~|¬|· ¤·
.º.º· +i ¤lz + =|·| ¤·+· ª¤( ¡.ª¡: +·|÷ t| ª¤| -·||l¤
(=(n~|· =ªnº n l-¤z| n .·.ª· +i ¤lz t: ª·(=(n ~|·
l-¤z| n :..¡· +i ¤lz t: l¤·- ¤·| .º¡¡¡. + ln( l-¤z|
¤|º¤·|ln¤| n ~|¤ n ª·.:ª· +i ¤lz + =|·| ·º. +·|÷ ª¤¤
t| ª: ¤·| + <|·|- l-¤z| +i ~|=- ~|¤ .º¡º.º¡¡ n .ºº· +
l¤ªz .·· ·|i ¤ + +i -·n-| lª·|l- =|n|-¤-¤| ¤¸· l¤-| ¤·|
.º¡¡¡. n ~-¤i ·ti +¤| l+ ¤ + - ·||.l·.¤ . ,|·| l-¬| l·-
=i~|·~|·/(=(n~|· +i ~¤-||~| +| ¤¸·| l+¤|
z. ¤rtr¤rt f¤f¤¤t¤t¢r
r¤¸ ¤ =¬ ¤· z. ¤+ lv=i¤n ¤i(-¤i ((n=i + -¤¸-~n ¤·÷ -·¤|<|
+ =|·|=|·| ¤¸ºi~|: ((n=i -·¤|<| + l¤-·º| ~|· n|+lºª +|
+|¤ +· ·t| t -·|| ¤·| .º¡¡¡. + <|·|- ¤+ - ¤|+·¤ + ª¤
n ... +·|÷ ª¤¤ +i ~|¤ ~l¤ - +i
=r ª ¤ f=¤¤r ¤r ¤rtr ¤rt. =| - + l=++| ¤| ¤-| + ~ -ª - ¤- n|-
n ¤ + . ª |n · ª |n º ª |n ¡º ª |n ~| · .º ª |n + =| - + l=++|
+i l¤+i +· ·t| t ¤ + - ¤·| .º¡¡¡. + <| ·|- · l+.ª |. +
º·ºº =| - + l=++| +i l¤+i +i ¤¤l+ ª- ¤·| n .º· l+.ª |. +
ªºª.· =| - + l=++| +i l¤+i +i ª: ·|i ¤·| .º¡¡¡. n =| -
+ l=++| +i l¤+i = ª¤¤ .¡· +·| ÷ +i ~|¤ t : ¤| .¡º· +i
¤ lz + =|·| <| ª - = ·|i ~l·|+ t
¤tnr ¤rtr¤rt. ¤·| .º¡¡¡. + <|·|- ¤+ - .º l=--¤· .º¡¡ -+
·||·-i¤ ¤i¤- ¤in| l-ªn
n~|: =i| + l-ªln- (¤ºº + ª¤ n~|· -=+ ¤|< ¡ª ~+-¸¤· .º¡¡ = n== nºn|:¤· :l÷¤| :z¤|·z|
+-¤-i lnlnº÷ + =|·| ¤i¤- ¤in| +|·|¤|· =ªlt- l+¤| t l¤·-
¤·| .º¡¡¡. + <|·|- <|-| -|nnn| + ~-ª- =+n viln¤n
=ªtº| +i ·|lz| ¡·.· +i ¤·| <· ¤·| ¤lz + =|·| .º +·|÷ ª¤¤
·|i l¤-n ·:ººº ¤|lnl=¤| t ¤+ +i ¤i¤- ¤in| +|·|¤|· = ~|¤
.¡ª· +i ~-¤i ¤lz + =|·| .¡.. +·|÷ ·|i
~|l·(ººn ¤in| +-¤-i lnlnº÷ + =|·| -|nnn ·¤¤ª·|| + ~-ª -
ª · ¤i¤- ¤in| +|·|¤|· +i viln¤n =ª tº| +i ·|lz| ª.·ª n|º|
¤|lnl=¤| = ¡º.· +·|÷ ·|i :== ¤ + +i ·|¤ª¤ ~|¤ .º¡¡¡.
+ <|·|- ¡..º· +·|÷ t: l¤=n ºº· +i ¤lz t:
fz¤rf¬ºtt =¤rq. ¤+ ··º v|l¬+- z||º||~| + n|·¤n = ¤¸· ·||·-
n .·º +-:| n (-(=÷i(n + l÷¤|l¤º·i =t·||lª¤| + ª¤ n
l÷¤|l¤º·i =¤|( v<|- +· ·t| t ¤+ - l÷¤|l¤º·i =¤|( v<|- +·-
+ ln( ¤·| .º¡¡.º¡. n ¡¡º n|º| +i ~|¤ ~l¤ - +i t ¤¤l+
¤t .º¡º¡¡ n º·.¡ n|º| ·|i
=rª ¬r;ª ºfzn =f¤¤r. ¤ + + (n|¤z| ·||ªi<|· + n|·¤n =
~|- n|:- ºl÷ª =l¤¬| v<|- +i ¤| ·ti t ~|· ¤·| .º¡¡¡. n
~|- n|:- ºl÷ª +|¤+n|¤| = :º n|º| ª¤¤ ·¤··n ~|¤ v|-- t:
¤|l+ .º¡º¡¡ + <| ·|- ¤t ··.· n|º| ª¤¤ ·|i
n¤º ¤f¤n. >º|i¡ + n-º ¤+· + ª¤ n ¤+ - l¤-|i¤ ¤·|
.º¡¡¡. + <|·|- ''¤+= º¸ l< :z¤¸'' + ª¤ n º· +|¤| +| ¤¸·|
l+¤| t ~|· n|·||z| ·|ª-|-/l·¤·÷ ~|÷· ~|l< + ¡º· +|¤| +| ¤¸·|
l+¤| t :=+ ~l-l·+- ¤+ - n|l-ºl·ª (¤=i + : +|¤ ~|·
l÷¤-· -¤|=i + .· +|¤ =-|ln- l+¤ t ¤+ =-¤· =ºi¤·|:÷
37
Debenture Trustee. The Bank is registered with SEBI as Self
Certified Syndicate Bank (SCSB) and its select branches are offering
the facility of submitting applications in public issue through the
Application Supported by Blocked Account (ASBA) process. This
facility is also offered online.
Cash Management Services: Bank's Cash Management Services
(CMS) is a value-added product for Corporates that provides
customized & enriched services, facilitating reconciliation of their
accounts related to their Collections/ Payments. The range of
services available under CMS includes collection of cash & all types
of cheques, NEFT / RTGS services, DD Drawing arrangement, Pay-
fee services etc. CMS facility is offered to educational institutions
through 'PayFee'. During the year, 156 customers have opted for
CMS services, while 410 educational institutes have availed PayFee
service.
Door step Banking: Under the facility of Door Step Banking, cash
is picked up from the premises of the customer. Door step banking
is currently being provided to about 633 customers and has helped
in garnering Current Account business.
DD Drawing Arrangement: Bank has also entered into DD
Drawing arrangements with several foreign Banks, under which,
apart from the revenue income from commissions earned, the Bank
also enjoys substantial float in current account.
Credit Card: Bank has been issuing two types of credit cards i.e.
Gold & Classic to its customers. For meeting the needs of
Corporates, Bank has launched Corporate Credit Cards with
Corporate Liability in April 2011 and also issued co-branded cards.
So far approximately 1, 03,000 Credit Cards have been issued.
Merchant Acquiring Business: In line with the changing banking
scenario and increasing use of 'Cards' for making payments towards
various services/shopping etc., Bank has launched 'PNB Biz' -
Merchant Acquiring Business through installation of Point of Sale
(PoS)/GPRS Terminals and Integration of Internet Payment Gateway
(Debit/Credit Cards). As on date over 5600 POS terminals have
been installed and 27 Internet Payment Gateways have been
integrated.
Scheme for advance against Future Card Receivables: In order
to meet the fund requirements of merchant establishments for
business needs, the Bank has launched a Scheme for advance against
future card receivables in March 2012. The Objective of the Scheme
is to enhance Bank's retail assets base by providing Term Loan against
future 'card receivables' to Merchant Establishments.
8. TRANSACTION BANKING
During the year 2011-12, several new products/facilities related
to receipts/payments and other aspects of day-to-day banking were
introduced under alternative delivery channels in order to provide
easy and customer friendly world class products to our customers.
l=l÷+º ¤+ + ª¤ n (=:¤i~|: n ¤¤i+- t ~|· (-ni+z|-
=¤|lº ÷ ¤|¤ ·n|+÷ (+|-º
(=¤i(| vl+¤| + n|·¤n = ~¤-i-l-<| z||º||~| + ,|·| =|¤¤l-+ l-ªn :~|:¤i~|/¤i¤i~|/·|:º :z¤¸|
n ~|¤<- vª-- +·- +i =l¤¬| v<|- +· ·t| t ¤+ ¤t =l¤¬|
~|- n|:- ·|i < ·t| t
ª¤ªt ¤¤¤ª =¤rq. ¤+ +i -+<i v¤-¬- =¤|( l-ªln- ª|t+|
+ ln( n¸-¤ =-¤l-¬- -·¤|< t ¤| +ªºn|:-÷ ~|· ~-¤i =¤|(
v<|- +· ·t| t l¤=+ ,|·| --+i ¤=¸ln¤|/·|ª-|-| = =-¤l-¬- --
nº|| + lnn|- n =l¤¬| v|-- t|-i t =i(n(= + ~-ª- -¤n··|
=¤|~| +i >º|i n -+<i +i v|l-- ~|· =·|i v+|· + -+|
(-
¤·ºi/~|·ºi¤i(= =¤|( ÷i ÷i ~|t·º| ·¤¤ª·|| ·|ª-|- z|-+=¤|( ~|l< z||lnn t =i(n(= =l¤¬| ·|ª-|- z|-+ + n|·¤n =
z|-|lº|+ =ª·||~| +| vª-- +i ª: t ¤·| + <|·|- ¡·· ª|t+| -
=i(n(= =l¤¬|( v|-- +i t ¤¤l+ :¡º z|-|lº|+ =ª·||~| - ·|ª-|-
z|-+ =¤| +| v|-- l+¤| t
zrt tº¤ ¤f¤n. ÷|· ªº¤ ¤l+ª + ~-ª- -+<i ª|t+ + ¤l·=·|
= ni ¤|-i t := =n¤ ÷|· ªº¤ ¤l+ª nª·|ª ·ªª ª|t+| +| <i
¤| ·ti t ~|· -|n¸ º||-| +|·|¤|· (+·| +·- n =t|¤+ t: t
ztzt =rrt¢r ª¤¤tºrr. ¤+ - ~-+ l¤<z|i ¤+| + =|·| ÷i÷i
~|t·º| ·¤¤ª·|| ·|i +i t l¤=+ ~-ª - ~l¤ - +niz|- = ·|¤ª¤
~|¤ + ~l-l·+- ¤ + +| -|n¸ º||- n ¤¤| -- -n l-l¬ ·|i v|--
t|-i t
a fzº ¤rz . ¤ + ,|·| <| v+|· + + l÷º +|÷ ~·|| -¸ ª| -÷ ~| ·
+n|l=+ ~¤- ª |t+| t - ¤|·i l+¤ ª¤ +|·¤| · º +i ~|¤z¤+-|~|
+| ¤¸ ·| +·- + ln( ¤ + - ~v n .º¡¡ n +|·¤| · º < ¤-| =lt-
+|·¤| · º + l÷º +|÷ z| ª l+¤| ª¤| t ~| · =t¤ | l÷º +|÷ ·|i
¤|·i l+¤| ª¤| t ~¤ -+ ¡ºªººº + l÷º +|÷ ¤|·i l+¤ ¤|
- + t
n¤ º =f¤n r¢r ¤rtr ¤rt. ¤<n- ¤ l+ª ¤l·<z¤ ~| · l¤l·|-- =¤|~|/
z||l¤ª ~|l< + ln( ·|ª-|- +·- + ln( +|÷| + ¤·- v¤|ª +|
·¤|- n ·º|+· ¤+ - '¤i(-¤i l¤¤' z|ª l+¤| t l¤=+ ~-ª-
l¤+¤ +-: :¤i~|(=|/¤i¤i~|·(= ºln-n +i ª·||¤-| ~|· :º·-º
·|ª-|- ªº¤ :÷l¤º/+l÷º +|÷| + (+i+·º| + n|·¤n = n-º
~l¬ª tº| +|·|¤|· l+¤| ª¤| t ~¤ -+ ··ºº ¤i~|(= ºln -n
ª·||l¤- l+¤ ª¤ t ~|· . :º·-º ·|ª-|- ªº¤ (+i+- l+¤ ª¤ t
¤rz ¤t +rr¤t ¤rt¤ trfrr¤r ¤ f¤=q =fnn ¤r¬ªr. +|·|¤|·
~|¤z¤+-|~| +i n-º ª·||¤-|~| +i l-l¬ +i ~¤-||~| +| ¤¸·|
+·- + ln( ¤+ - n|- .º¡. n +|÷ +i ·||¤i v|-¤ ·|lz|¤| +
l¤ªz ~lª n t- (+ ¤|¤-| z|ª +i t := ¤|¤-| +| -ªz¤ n- º
ª·||¤-|~| +i ·||¤i +|÷ v|-¤·|lz|¤| + l¤ªz ln¤|<i +º| ¤<|-
+·- + ,|·| ¤+ +i º|<·| ~|lª- ~|¬|· +| ¤·|-| t
s. ºr¬¤rrª ¤f¤n
¤·| .º¡¡¡. + <|·|- v|l--¤|/·|ª-|-| = =-¤l-¬- ~-+ -¤
-·¤|<| /= l¤·||~| ~| · l<-vl-l<- + ~-¤ ¤ l+ ª ¤tn¸ ~| +| ¤ +l-¤+
l÷ni¤·i --n| + ~-ª- z|ª l+¤| ª¤| -|l+ tn|· ª|t+| +|
~|=|- ~|· ª|t+~-+¸n l¤z¤>º|i + -·¤|< v<|- l+¤ ¤| =+
38
In tune with commitment of the Bank to promote Alternative
Delivery Channels. Bank added 959 ATMs during the year, taking
the total ATM network to 6009 ATMs at the end of
March 2012. Similarly, during the financial year 2011-12, more
than 36 lakh new ATM/Debit Cards were issued, taking the total
base of ATM/Debit Card holders to about 170 lakh. Bank's base of
Internet Banking Users also showed a growth of over 3.60 lakh
users, bringing the total number of Internet Banking Users to over
16.80 lakh. Mobile Banking is another such facility that has
generated considerable interest amongst the customers of the Bank.
During the FY 2011-12, Bank's debit card transactions registered
an increase of more than 16% with an addition of more than
53 lakh transactions. Debit card transaction undertaken at Point of
Sale (POS) terminals and internet grew by over 93%. The average
number of internet based transactions per day at the end of
March 2012 registered a YOY growth of over 42%.
During FY 2011-12, Bank has introduced the PNB Suvidha Pre Paid
Card, which is a very versatile Card, with all the basic features of a
Debit Card and thresold limit of `50000/-. These cards can be
purchased by customers of other Banks also.
Back Office Operations
The system of Centralized Solutions has been introduced to
improve the efficiency of customer service as well as to release
the pressure from branches. Towards this end, activities like
opening of Back Offices to look after the processes of inward and
outward clearing of local instruments, outstation cheques and
bills collection and centralized document storage have been
centralized at city level. Further at national level, Bank has
centralized activities like issuance of statement of account through
email to customers registered at call centre and issuance of
personalized cheque books.
9. GOVERNMENT BUSINESS
During the year, E-payment system for collection of Commercial
Taxes (Sales/ VAT) has been made LIVE in the States of U.P., Bihar,
Maharashtra, Himachal Pradesh, Chhattisgarh, Orissa, Delhi,
Uttaranchal and Jharkhand. E-stamping of documents business has
been made LIVE in the states of Himachal Pradesh, Karnataka and
Gujarat. Bank has also started facilities like Direct Tax payment facility
through bank's ATMs, E-freight of Railways business, accepting
Ministry of Corporate Affairs (MCA) fees through NEFT from the
stakeholders of other banks and e-payment of Custom Duties at all
Indian Customs EDI System (ICES) 1.5 locations. While Centralized
Pension Processing Centres (CPPCs) have been set up to disburse all
types of pensions, Currency Chest have been made live in the
Government Business Solution Software for better currency
management in Chests. 147 Currency Chests have been delinked
from the branches for better cash management in branches.
¤+l-¤+ l÷ni¤·i --n| +| ¤|·=|lt- +·- +i ¤l+ª ¤l-¤z-|| +
~-=|· ¤+ - ¤·| + <|·|- º·º -( (ºi(n ¤|÷ +· n|- .º¡. +
~- -+ +n ·ººº +| (ºi(n - º¤+ º|÷| +· ln¤| :=i ¤ +|·
l¤-|i¤ ¤·| .º¡¡¡. + <| ·|- ª· n|º| = ·|i ~l¬+ -¤ (ºi(n/÷ l¤º
+|÷ ¤|·i l+( ª( ~|· (ºi(n/÷l¤º +|÷¬|·+| +i +n =º¤| ¡º
n|º| +· ni ¤+ + :º·-º -¤¤|ª+-||~| n ·|i ª.·º n|º| = ~l¬
+ +i ¤lz t: ~|· +n :º·-º ¤l+ª -¤¤|ª+-||~| +i =º¤|
¡·.ºº n|º| t| ª: n|¤|:n ¤l+ª (+ ~|· (=i =l¤¬| t l¤=n
¤+ + ª|t+| - +|¤·i ~l¬+ l<n-ª¤i l<º||: t
l¤-|i¤ ¤·| .º¡¡¡. + <|·|- ¤+ + ÷l¤º +|÷ n-<-| n ·ª
n|º| n-<-| = ~l¬+ +i ¤lz + =|·| ¡·· = ·|i ~l¬+ +i
¤lz <¤ +i ª: t :=n l¤+i +-: :¤i~|(=| ºln-n ~|· :º·-º
¤· l+¤ ª¤ n-<- n nª·|ª ª: n|º| ÷l¤º +|÷| +i ¤lz +
=|·| ºª· +i ¤lz t: t n|- .º¡. + ~- n ¤l-l<- :º·-º
~|·||l·- n-<- +i ~|=-- =º¤| n ¤·||-¤·| :.· = ~l¬+ +i
¤lz <¤ t: t
l¤-|i¤ ¤·| .º¡¡¡. + <|·|- ¤+ - ¤i(-¤i =l¤¬| ¤i¤÷ +|÷
z|ª l+¤| t ¤t ~·¤-- ¤t-¤¤|ªi +|÷ t l¤=n ÷l¤º +|÷ +i
=·|i n¸n l¤z|·|-|( t l¤=+i ·ºººº/ ª¤¤ t|l-÷ª =in| t
:=+i ~-¤ ¤+| ,|·| ¤t- vz|=| +i ª: t
¤ ¤ =rf¤·= ¤ft¤r¬ª
+-:i+- =n|¬|- +i vº||ni +i z|ª~|- ª |t+ =¤| +i +|¤ +z|n-|
n =¬|· ~|· z||º||~| + <¤|¤| +| +n +·- + ln( +i ª: t :=
n-¤ + ln( ª·||-i¤ l¤nº|| + ~|¤+ ~| · ¤|¤+ =n|z||¬- ¤|n
- +| ~| · l¤n| +i -ª|ti -·|| +-:i+- <ª-|¤¤ ·|º÷|·º| +i vl+¤|
+| <º|- + ln( ¤+ ~|l¤·= º||n- ¤= +|¤+n|¤| +| -ª· ª-·
¤· +-:i+- l+¤| ª¤| t :=+ ~l-l·+- ·|·ºi¤ ª-· ¤· ¤+ -
+|n =º· n ¤¤i+- ª|t+| +| :nn + n|·¤n = º||-| l¤¤·º|i
¤|·i +·- ~|· ¤¤l+-+ -+ ¤+ ¤|·i +·- ¤= +|¤+n|¤| +|
+-:i+- l+¤| t
v. =t¤rtt ¤rtr¤rt
¤·| + <| ·|- ¤|lº|l-¤+ +·| :l¤+¤/¤ º| +i v|l-- + ln( -·-·
v<z| l¤t|· nt|·|·º ltn|-n v<z| ¤-i=ª· -÷i=| l<-ni
-·-·|-n ~|· ¤|·º|º÷ ·|-¤| n :·|ª-|- vº||ni +| :º·-º = ¤|÷|
ª¤| t vnº| +|·|¤|· +i :ªº|l-¤ª +| ltn|-n v<z| +-|º+ ~|·
ª¤·|- ·|-¤| n :º·-º = ¤|÷| ª¤| t ¤+ - ¤+ + (ºi(n +
n|·¤n = v·¤-| +· ·|ª-|- ·n¤ +|·|¤|· + :·||÷| ~-¤ ¤+| +
lt-·||·+| = (-: (¤·ºi + n|·¤n = l-ªln- +|¤ n·||n¤
n=i(|+ z|-+ +| ª¤i+|· +·- -·|| =·|i ¡.· ª·||-| ¤· ~|:=i
= =in|z|-+ + : ·|ª-|- +i =l¤¬| +| ·|i z|ª l+¤| t ¤¤l+ =·|i
v+|· +i ¤z|-| +| =l¤-l·- +·- + ln( +-:i+- ¤z|- v|=l=ª
+-:| +i ª·||¤-| +i ª: t ~|· +·=i -ªº| n ¤t-· +·=i v¤-·|-
+ ln( +·=i -ªº| n =·+|·i +|·|¤|· =n|¬|- =|+º¤¤· +| n|ª¸
l+¤| ª¤| t z||º||~| n ¤t-· -+<i v¤-¬- + ln( ¡: +·=i
-ªº| +| z||º||~| = ~=-¤z l+¤| ª¤| t
39
10. HEAD OFFICE AND BRANCH NETWORK
Bank is building a State of Art Building at Dwarka for housing entire
Head Office Divisions under one roof for enhancing efficiency. This
will be a certified Green Building having 5 star GRIHA Rating. It
will also have amenities for the disabled. Foundation Stone was
laid by Hon'ble Finance Minister Shri Pranab Mukherjee on
13.04.2012, on 118th Foundation Day of the Bank.
Bank has the largest branch network amongst the nationalized
group with total domestic branches as at the end of March 2012
being at 5670 including 6 extension counters. It comprises 2193
Rural, 1325 Semi Urban, 1219 Urban and 933 Metropolitan
branches. As part of customer segmentation, Bank has opened
more than 520 specialized Branches that include Micro Finance
branches, Retail Asset Branches, Agricultural branches, SME
branches, International Banking Branches, Asset Recovery
Management Branches, etc.
For providing Banking Services 24 × 7, with the help of gadgets,
Bank has started establishing e-lobbies. Bank is also opening
GenNext Branches, which will cater to the needs of younger
generation such as young executives, students etc. 3 e-lobbies and
3 GenNext branches are already functional. For optimum usage of
manpower and infrastructure, Bank intends to shift / relocate around
500 branches to new area having good business potential. This
exercise would help Bank in capturing new business territories,
within existing staff strength and infrastructure.
Bank has developed web based software called Fixed Assets
Management System (FAMS) to centralise upkeep and maintenance
of Bank records of capital expenditure on fixed assets in respect of
Schedule - 10 of the Balance Sheet. Data is being updated in all
the Circles / Offices on daily basis.
International Presence
Bank has expanded its footprint into 10 countries in quest of its
objecti ve of i nternati onal expansi on. Bank has recentl y
inaugurated its fifth Representative Office (RO) in Sydney,
Australia in addition to the existing ROs in Dubai, Almaty, China
& Norway. Besides, Bank has 4 overseas branches in Hong Kong
(2 branches) and a branch each in DIFC, Dubai & Kabul,
Afghanistan. Bank also has an Offshore Banking Unit (OBU)
Branch in SEEPZ, Mumbai.
While Bank has one wholly owned overseas Banking subsidiary,
PNB International Ltd. (UK) (having 7 branches), other two overseas
subsidiaries are Druk PNB Bank Ltd., Bhutan (51% share) and PNB
Kazakhstan. During this year, Bank increased its stake in PNB
Kazakhstan from 80.95% to 84.38%.
As far its future international forays are concerned, Bank is planning
to set up its second wholly owned subsidiary in Canada. Bank is
also looking to upgrade its ROs at Norway, China and Australia to
full-fledged branches. Bank is also exploring possibilities for presence
+o. rrr=rr q¤ ¤r¤r¬¤ ªº¤¤
¤+ <-|-| ¤·|- + ln( ¤¬|- +|¤|n¤ + =·|i ¤·||ª| +| (+ ¤-
+ -i- n|- + ln( ,|·+| n ªºº ~|¤· ~|º ·|¤- +| l-n|º| +·
·t| t ¤t ¤n|º|i+- tl·- ·|¤- t|ª| ¤| · l=-|·| ªt ·lºª ¤+-
t|ª| :=n z||·il·+ ª¤ = ~-|n n|ª| + ln( ·|i =l¤¬|( t|ªi
·|¤- +| lz|n|-¤|= n|--i¤ l¤-| n·|i >i ¤º|¤ nº|¤i ,|·| ¤+ +
¡¡º¤ ª·||¤-| l<¤= ¤· l<-|+ ¡ª.:..º¡. +| l+¤| ª¤| t
n|- .º¡. + ~ - -+ ¤ + +i + n z||º||~| +i = º¤| ··º t| ª:
l¤-n · l¤ª-|· ¤ºn z||lnn t := l¤ª-|· + =|·| ·|·º i¤+ - ¤ +| n
¤ + +| - º¤+ =¤= ¤÷ | t z||º|| - º¤+ n .¡ºª ª |niº| ¡ª.·
~z z|t·i ¡.¡º z|t·i -·|| ºªª nt|-ª·i¤ z||º||( t ª |t+ º| ÷i+·º|
+ ·||ª + ª¤ n ¤ + - ·.º = ·|i ~l¬+ l¤z| ·|i+ - z||º||( º|| ni
t l¤-n n|:+| l¤·- z||º||( l·º n ~|lª- z||º||( + l·| z||º||(
(=(n: z||º||( ~ -· |·º i¤ ¤ l+ ª z||º||( ~|lª- ¤¸ =ni v¤-¬- z||º||(
~|l< z||lnn t
-¤+·º|| + n|·¤n = .:x ¤l+ª =¤|( -¤n·¬ +·¤|- + ln(
¤+ - :n|¤i +i ª·||¤-| +i t ¤+ ¤- -+ªº z||º||( ·|i º||n ·t|
t ¤| ¤ ¤| ¤i· i ¤ = (+=i+¤¸ lº¤ l¤¤|·|i ~|l< +i ¤ l+ ª ~|¤z¤+-|~|
+| ¤¸·| +·ªi ª :n|¤i -·|| ª ¤- -+ªº z||º||( ¤tn ti +|¤ +·
·ti t ¤-z|l+- -·|| n¸n·|¸- =·--| + ~l¬+-n -¤¤|ª + ln(
¤+ nª·|ª ·ºº z||º||~| +| ~-¤i +|·|¤|·i =·||¤-|~| ¤|n -(
ª·||-| ¤· ª·||-|--l·-/~¤ª·||l¤- +·- +i t :== ¤+ +| ¤-n|-
ªº|¤· z|l+- -·|| n¸n·|¸- =·--| + ·|i-· -( +|·|¤|·i -|·|| +
~l·|ª tº| n =t|¤-| lnnªi
¤ + - ¤ ¤ ~|¬|l·- =|+º¤¤· l¤+l=- l+¤| t l¤= l¤·+=÷ (= º¸=
n -¤n º l=ªºn
¤·((n(=| +t| ¤|-| t l¤=n -n-¤·| +i~-=¸-i¡º + =-¤-¬ n l¤·+=÷ ~|lª-¤| ¤· t( ¤¸¤iª- ·¤¤ +
¤ + l·+|÷ + ·º|·º||¤ +| + -< i+ - l+¤| ¤| =+ =·|i
n÷n|/+|¤|n¤| n <l-+ ~|¬|· ¤· ÷|º| +| ~¤-- l+¤| ¤| ·t| t
=atrrºt¤ s¤ftºrfa
~-·|·ºi¤ l¤ª-|· + -ªz¤ = ¤+ - ¡º <z|| n ~¤- +<n ¤·|(
t ¤+ - ¤-n|- n <¤: ~nn|ºi -i- -·|| -|¤ n vl-l-l¬
+|¤| n¤| + ~l-l·+- ¤ + - t|n ti n l=÷-i ~|ªºln¤| n ~¤-
¤|-¤ vl-l-l·| +|¤| n¤ +| -<·||º- l+¤| t :=+ ~l-l·+- ¤ +
+i : l¤<z|i z||º||( t|ª+|ª n :. z||º||(| ~|· (+(+ z||º||
÷i~|
¤·=i <¤: ~|· +|¤n ~¤·ª|l-ª-|- n t ¤+ +i =i-¤n-¤: n (+ ~|¤·z||· ¤l+ª ¤¸l-º :~|¤i¤¸| z||º|| ·|i t
¤+ +i ¤¸º| ª¤|ln·¤ ¤|ni ~|¤·=i¤ ¤l+ª =t|¤+ +¤-i ¤i(-¤i
:-º·-z|-n ln. :¤¸+| :l¤=n z||º||( t| ~-¤ <| ~|¤·=i¤
=t|¤+ +¤l-¤| ÷+ ¤i(-¤i ¤ + ln. ·|¸º|- :·¡· z|¤·| -·||
¤i(-¤i +¤|º|ª-|- := ¤·| + <|·|- ¤+ - ¤i(-¤i +¤|º|ª-|- n
~¤-i ·||ªi<|·i ºº.º·· n ¤·| +· º:.ªº· +· ni t
¤t| -+ ·|l¤·¤ n ~ -·| ·º i¤ -¤lª·|l- +| = ¤ ·| t ¤ + ~¤-i ¤¸ º|
ª¤|ln·¤ ¤|ni <¸ =·i + ¤-i +-|÷| n º|| n- +i ¤| ¤-| ¤-| ·t| t ¤ +
-|¤ -i- -·|| ~|ªº ln¤| n ~¤- vl-l-l·| +|¤| n¤| +| ¤¸ º| z||º|| + ª¤
n ª·||l¤- +·- ¤· ·|i l¤-|· +· ·t| t ¤ + n|n,i- <l-|º| ~+i+|
40
in Maldives, South Africa, Bangladesh, Myanmar, Pakistan,
Singapore and Brazil.
Business: As on 31.03.2012, total business of our overseas branches
has increased YOY by 45 % to USD 6137 Million. Including business
of our overseas subsidiaries, business has increased by YoY 40% to
USD 8054 Million. The profit of the overseas branches has increased
YoY by 50% to USD 37 Million and including the profit of our
subsidiaries, profit has increased to USD 49 Million growing YoY
by 116 %.
11. INFORMATION TECHNOLOGY
Financial sector in general and banking industry in particular have
undergone transformation due to induction of Information
Technology (IT). PNB has been in the forefront and a pioneer in
the use of technology.
a. Implementation of Core Banking Solution(CBS)
To meet the ever increasing needs and requirement of the
customers, necessary up-gradation has been a continuous
process and many new initiatives have been launched during
the year. Bank has successfully migrated to next version of
Finacle (7.0.25) on February 2012. The new version is one of
the milestone for version 10. x of Finacle for better Customer
service with added functionalities like 24 × 7 branch
functioning and access to call center on 24× 7 basis. The
version also has additional functionalities of launching new
products and services on Finacle platform.
b. Alternate Delivery Channels
1) Internet Banking Services
Bank's Internet Banking Services (IBS) offer a complete
e-bouquet of banking and financial services to its
internet banking users. PNB's Internet Banking is
witnessing a steady shift of customers for transfer of
funds, inter-bank remittances through NEFT/RTGS and
On-Line share trading along with other e-payments
towards various services. It also offers an online
payment platform for various taxes like Excise and
service tax, MCA 21 services, Direct taxes, port
payments, custom duty payment, etc. By participating
very actively in all the e-initiatives of Govt. of India as
well as several state Governments, Bank has positioned
itself as a leading e-service provider. The effectiveness
of the channel is enhanced with the utility payment
facility for all the popular service providers.
' IBS Shield' , a global security solution has been
introduced to strengthen the system that minimizes the
risk of fake websites that are put up by unscrupulous
el ements to l ure customers to part wi th thei r
confidential data. Under this, customers are required
to choose their preferred image / picture and phrase
that would be displayed at the time when a customer
logs into his IBS Account. Additionally, Bank has
¤| ·n|< z| -¤| ¤|· ¤|l+ª-|- l= ª|¤ · -·|| ¤ |¤in n ·|i ~¤-i -¤lª·|l- +
ln( = ·||¤-|( -n|z| ·t| t
¤rtr ¤rt. tn|·i ~|¤·=i¤ z||º||~| + +n +|·|¤|· n ¤·| <· ¤·|
:·· +i ¤lz t: -·|| ¤t ª¡ºª.º¡. +| ·¡ª lnln¤- ~n·i+i
÷|n· t| ª¤| tn|·i ~|¤·=i¤ +¤l-¤| + +|·|¤|· +| z||lnn +·
+|·|¤|· ¤·| <· ¤·| :º· +i ¤lz = ºº·: lnln¤- ~n·i+i ÷|n·
t| ª¤| ~|¤·=i¤ z||º||~| +| n|·| ¤·| <· ¤·| ·º· ¤· +· ª
lnln¤- ~n·i+i ÷|n· t| ª¤| -·|| tn|·i ~- ·| lª¤| + n|·| +|
z||lnn +· ¤t n|·| ¤·| <· ¤·| ¡¡·· +i ¤lz = :º lnln¤-
~n·i+i ÷|n· t| ª¤|
++. =¸¤ªr ¤rurfn¤t
=¸--| v|¤|lª+i :~|:ºi| n|ª¸ t|- = l¤·-i¤ -|·| n =|n|-¤-· ~|·
¤l+ª -¤|ª n l¤z|·| ª¤ = +|¤|¤nº t~| t ¤i(-¤i v|¤|lª+i +
v¤|ª n ~ªº|i -·|| ¤·| v<z|+ ·t| t
¤. ¤rt ¤f¤n =nr¤rª (=t¤tq=¸ ¤r ¤r¤r-¤¤ª
ª |t+| +i l-·--· ¤· -i ~¤ -||~| ~| · ~|¤z¤+-|~| +| ¤¸ ·| +·-
+ ln( ~|¤z¤+ = ¬|· (+ =--¸ vl+¤| t -·|| ¤·| + <| ·|- +:
-: z| ª~|- ·|i +i ª: t ¤ + - ¤··¤·i .º¡. n l¤·- +n
:.º..·| + ~|ª|ni = ª+·º| n =¤·n-| ¤¸ ¤ + ~ -·º| +· ln¤|
t -¤| = ª+·º| ª |t+| +| ¤ t-· = ¤| < - + ln( l¤·- +n +
¡º.x =ª+·º| + ln( nin +| ¤··|· t l¤=n .:x z||º||
v|+|¤| ·n+-| -·|| .:x ~|¬|· ¤· +| n = º· n ¤t - ¤ = +|¤|
+| ¤| ÷ l<¤| ª¤| t ¤t = ª+·º| -( -·¤|<| -·|| = ¤|~| +|
l¤·- +n -nº¤·|n ¤· n| - +·- +| ~l-l·+- +|¤ ·|i +·-| t
=r. ¤ ¤fr¤¤ fz¬t¤tt ¤ ª¬
+¸ ;ºtªº ¤f¤n =¤rq
¤+ +i :º·-º ¤l+ª =¤|( :~|:¤i(=| :º·-º ¤l+ª
-¤¤|ª+-||~| +| ¤l+ª l¤·-i¤ =¤|~| +| (+ ¤¸º|
:¤+ v<|- +·-i t ¤i(-¤i +i :º·-º ¤l+ª l-l·|¤|
+ ~-·º| (-
¤·ºi/~|·ºi¤i(= + n|·¤n = ~-·¤+v·|º| ~|- n|:- z|¤· ·¤|¤|· -·|| ~-¤ l¤l¤¬ =¤|~| +
t- :·|ª-|- + ln( ª|t+ ª·||¤i ª¤ = :º·-º ¤l+ª
+| ~¤-| ·t t ¤t l¤l¤¬ +·| ¤= -·¤|< -·|| =¤| +·
(n=i( .¡ =¤|~| ¤·¤-| +·| ¤·-- ·|ª-|- =in| z|-+
·|ª-|- ~|l< + ln( ~|-n|:- ·|ª-|- +| -nº¤·|n ·|i
v<|- +·-| t ·||·- =·+|· -·|| ·|-¤ =·+|·| +i =·|i
:¤tn| n =l+¤ =t·||lª-| = ¤+ - :=¤| v<|-| +
ª¤ n ~ªº|i ª·||- ¤-| ln¤| t --n +i ¤·||¤z|in-| +|
=nª- n|+l¤¤ =¤| ¤<|-|~| +| l¤n ·|ª-|- =l¤¬|
¤<|- +·+ ¤·|¤| ª¤| t
'~|: ¤i(= z|i-÷' ¤ = =|¤ ¤l-+ = ·-|| =n|¬|- +| ~|· ·|
l+¤| ª¤| t l¤== -= vº||ni +| = < · l+¤| ¤| =+ ¤| --
¤¸ ai ¤ ¤=|:º| + ¤| lº|n +| -¤¸ --n +·-i t ¤| ª |t+| +i
ª| ¤-i¤ ¤|-+|·i t|l=n +· --t n ·||-i t :=+ ~ -ª -
ª |t+| = ~¤ l-|- t l+ ¤ ~¤-i ¤= < +i ¤l¤/l-·| -·||
¤|+¤| z| +| -¤- +· l¤= -= =n¤ v<lz| - l+¤| ¤|(ª| ¤¤
ª |t+ ~¤- ~|: ¤i(= º||- n n| ª:- +· ª| :=+ ~l-l·+-
41
introduced the facility of OTP (one time password) that
makes IBS transactions even more secure. This facility
has also enabled the system that customers need not
wait to add payees to their id, as was earlier required.
Further, IBS customers have also been enabled to set
their own limits for log-in time, with the maximum
amount and number of transactions that can be
undertaken during a day.
2) SMS Alert Services
SMS Alert facility is being availed by over 8 million
customers. It is sent on identified financial transactions
undertaken through branches and delivery channels. The
channel is also leveraged for providing information on
Bank's products and services over SMS under the SMS
Pull Mechanism.
3) Mobile Banking Services
Utilizing this platform, a customer can undertake
banking transactions through their Mobile handsets.
The extension of mobile payments has added value to
the channel as the users can also make payments of
utility bills/services using their mobile phones, besides
effecting transfer of funds to third party accounts. The
channel has been integrated with National Payments
Corporation of India (NPCI) for interbank mobile
payments using Interbank Mobile Payment Service
(IMPS).
4) ATM Services
In order to provide more convenience to customers, more
than 6000 ATMs have been installed at various
geographical locations of the country. Apart from cash
withdrawals, other value added services like Funds
Transfer, Bill Payments and mobile registration for
generation of SMS alerts, Direct Tax Payment, request
for stop payment of cheques etc are also provided to
the cardholders.
c. Real Time Gross Settlement System (RTGS) and National
Electronic Fund Transfer (NEFT)
All Branches of the Bank have been enabled for NEFT and
RTGS facility. Internet banking customers can remit funds
just by click of a button and without any bank/branch
intervention to any RTGS / NEFT enabled branch of other
banks in India.
d. NEW IT BASED PRODUCTS/SERVICES
During the year, Bank introduced various products and services
with special focus on various segments of the customers, some
of which include:
1) Cash Deposit Machines: In Cash Deposit Machines,
customers can deposit upto a specified amount of cash
which gets credited into the account on real time basis
without any intervention of the branch officials.
2) Self Service Passbook Printing Terminals: Here the
customers get their passbooks updated without standing
¤ + - ~| ºi¤i :¤- º|:n ¤|=¤÷ | = l¤¬| ~|· ·| +i t ¤|
~|: ¤i(= n -< - +| ~| · ~l·|+ = ·l-|- +·-i t :=
= l¤·|| - l=ªºn +| =|n·¤ l<¤| t l+ ª |t+ +| ~¤-i
¤t-|- n ~|<|-| +| ¤| ÷ - + ln( ¤ -i-|| +·- +i ~|¤z¤+-|
-ti t ¤ =|l+ ¤tn ~¤ l-|- ·|| :=+ ~l-l·+- ~|: ¤i(=
ª |t+ n| ª:- + =n¤ l<- ·|· n ~l¬+-n ·|lz| -·|| n -< -
+i = º¤| + ln( ~¤-i =in| ª¤¤ l-·|| l·- +· =+- t
z¸ q=qnq= =¬º = ¤rq
º lnln¤- = ~l¬+ ª |t+ (=(n(= ~nº = l¤¬| +|
n|·| -a| ·t t z||º||~| ~| · l÷ni¤·i - -n| + n|·¤n =
:-t - l- <| n -< -| ¤· ·| ¤| ¤|-| t (=(n(= ¤ n n + l--n
+ ~--ª - ¤ + + -·¤|<| ~| · = ¤|~| ¤· (=(n(= =
=¸ --| < - + ln( - -n +| ---- l+¤| ª¤| t
s¸ nr¤r;¬ ¤f¤n =¤rq
:= -nº¤·|n +| -¤¤|ª +·+ ª|t+ ~¤- n|¤|:n t÷=º
+ n|·¤n = ¤l+ª n-<- +· =+-| t n|¤|:n ·|ª-|-
+| l¤ª-|· +·+ - -n +| ~| · ~l¬+ -¤¤|ªi ¤-|¤| ª¤|
t l¤== -¤·||+-| ~¤- n|¤|:n ¤·|- +| v¤|ª +·+
~-¤ ¤|ºi º||-| +| l-l¬¤| + ~ -·º| + ~l-l·+- -¤·|| +-|
l¤n|/=¤|~| +| ·|ª-|- ·|i +· =+-| t ~|
n¤i(= +|-¤¤|ª +· ~-·¤+ n|¤|:n ·|ª-|- + ln( --n +|
-z|-n ¤nº +|·¤|·z|- ~|¤· :lº÷¤|
-¤i=i~|:| +=|·| (+i+- l+¤| ª¤| t
+¸ qºtqn =¤rq
ª |t+| +| ~l¬+ = l¤¬| v<|- +·- +i < l·º = < z| ·|· n
l¤l¤¬ ª·||-| ¤· ·ººº = ~l¬+ (ºi(n ª·||l¤- l+( ª(
-+<i ~|t·º| + ~l-l·+- +|÷ ¬|·+| +| l-l¬ ~ -·º|
l¤n ·| ª-|- (=(n(= ~nº ¤|·i +·- t - n| ¤|:n ¤ ¤i+·º|
v·¤-| +· ·| ª-|- - +| + ln( ·| ª-|- ·| +| ~- ·| ¬ ~|l<
¤ =i n¸ -¤¤l¬ - = ¤|( ·|i -¤n·¬ +·¤|: ª: t
n. ft¤¬ ºr;n n r = = º¬n º f=tºn (=rtºt¬tq=¸ aºrr ª rrª¬
;¬¤ºrfª¤ ¤·z ºr=¤·t (qª;q¤·ºt¸
¤ + +i =·|i z||º||( (-: (¤·ºi -·|| ~|·ºi¤i(= = l¤¬|( v<|- +·
·ti t :-º·- º ¤ l+ ª ª |t+ ·||·- n ~-¤ ¤ + +i l+=i ·|i
~|·ºi¤i(=/(-: (¤·ºi =nl·| - z||º|| +| l¤-| l+=i ¤ +/z||º||
tª--| ¤ + n|·| (+ ¤º- <¤| +· l-l¬¤| +| l¤v ·|º| +· =+- t
rr. ªq =r;ºt =r¤rfta s-¤rª.=¤rq
¤·| + <| ·|- ¤ + - ª |t+| + l¤l¤¬ º| ÷| ¤· l¤z| ·| ·¤|- < -
t ( l¤l¤¬ -·¤|< ¤ = ¤|( ~|· ·| +i t l¤-n = + ¤ l--- ¤+|·
t ·
¡| ª¤ª ¬nr nrrtª. -+< ¤n| nz|i-| n ª|t+ z||º|| +
tª--|¤ + l¤-| l-¬|l·- =in| -+ -+< ·|lz| º||- n ¤n|
+·¤| =+-| t
.| t¤¤ =¤r ¤r=¤¤ n)¢r ºfnª¬. ¤t| ª |t+ z||º||
~l·|+|l·¤| + tª--|¤ + l¤-| -·|| ~¤-i =l¤¬| +
42
in queue as per the convenience of the customers without
any intervention of the branch officials.
3) Introduction of new Fund Collection module in CBS:
The new Fund Collection Module has been designed to
meet the day to day requirement of various institutes/
organizations which are involved in collecting fees or
funds etc.
4) Pilot implementation of Ultra Small Branch & Online
Financial Inclusion model: Bank has implemented Ultra
Small Branch at village Khakuda, District Bulandshahar
on pilot basis, where beneficiaries are being served by
the Business Correspondent Agent using a Hand Held
Terminal. The transactions are done in online real time
mode.
e. ENTERPRISE WIDE DATA WAREHOUSE
Enterprise-wide Data Warehouse (EDW) is implemented
in our Bank which is a repository of Data from multiple
source systems and can be combined based on common
el ements to arri ve at meani ngful deci si ons. Data
Warehouse is independent of the operational databases
maintained in the respective source systems. Various
source system viz CBS, IBS, ATM Switch, Debit Card, Credit
Card, etc have been integrated with EDW. The data is
processed in the EDW and pushed to various downstream
solutions like EDW MIS Reporting, Anti Money laundering
Solution, Operations Risk, Credit Risk and Market Risk
Management Solutions.
f. IT SECURITY
The Bank has taken adequate steps to strengthen anti-
phishing activities and monitoring thereof to prevent online
frauds. To monitor information security events across the
Bank's network, Bank has established a world class Security
Operations Centre (SOC) which is first of its kind that has
been set up by any Indian Bank. The facility is utilized for
analysis and monitoring of various threats emanating from
both within the network as well as from outside the network
in a very proactive manner.
ISO 27001
Bank's Critical Infrastructure Data Centre, Network Operation
Centre & Disaster Recovery Data Site are ISO 27001 certified.
All the Policies & procedures are aligned with best practices,
ISO 27001 standards and RBI guidelines.
Business Continuity Plan (BCP)
In the present scenario where all the branches are under
Centralized Network, connectivity is an important concern.
Though precautions have been taken to take care of
connectivity outage by providing dual connectivity to each
branch, yet chances of outage cannot be ruled out
completely. Bank has well defined BCP to provide un-
interrupted Customer Services in case of any exigency in
the branches.
~-=|· ¤l+- n nª l¤-| ~¤-i ¤|=¤+ +| ~¤÷º +·
=+-| t
ª| =t¤tq= n ªq fªf¤ =nr nrz¸¤¸¬ ¤r ¤rt+r. z|-+
-·|| l-l¬¤| ~|l< + =ªt n nª l¤l¤¬ =ª·||-|/=ªa-|
+i <l-+ ~|¤z¤+-|~| +| ¤¸·| +·- + ln( -¤| l-l·|
=ªt n|÷¸¤¸n -¤|· l+¤| ª¤| t
:| =rº r ¬rr rrr=rr=r aºrr =r ª ¬r;ª f¤-at¤ =nr¤ rrª
nr z¬ ¤r ¤rtfr+r¤ ¤r¤r -¤¤ª. ¤ + - ª |n º||+ ÷ |
l¤n| ¤ n <z|t· n v|¤| lª+ ~|¬|· ¤· ~-º | n·| z||º|| +|
+|¤| -¤¤- l+¤| t l¤=n n|·||l·|¤| +| +|·| ¤|· vl-l-l·|
(¤ º| ,|·| t ÷ t -÷ ºln -n ,|·| ¤ l+ ª = ¤|( v<|- +i ¤|-i
t n -< - ~| -n|:- l·¤n º|:n n| ÷ n l+¤| ¤|-| t
z. ; ºt¤r;¬ ¤r;z zrºr ¤ ¤t rr==
tn|· ¤ + n :º·v|:¤ ¤|:÷ ÷|º| ¤¤· t|-= :: ÷i÷·-¤¸| +|
+|¤| -¤¤- l+¤| ª¤| t ¤| ¤tl¤¬ = |- vº||ln¤| = ÷|º| n+·
-=+| ·|÷|·º| +·-| t -·|| =|·|+ l-º|¤ n- + ln( -=
=|n|-¤ -·¤| + ~|¬|· = ¤|÷| ¤| =+-| t ÷|º| ¤¤·t|-=
=¤l¬- =|- vº||ln¤| n ·º| ª( ¤l·-|n-|·n+ ÷|º|¤= =
ª¤-·| t l¤l¤¬ = |- vº||ni ¤·|| =i¤i(= ~|: ¤i(= (ºi(n
lª¤- ÷l¤º +|÷ +l÷º +|÷ ~|l< +| :÷i÷·-¤¸ + =|·|
(+i+- l+¤| ª¤| t : ÷i÷·-¤¸ n ~|+÷| +| ==|l¬- l+¤|
¤|-| t -·|| :÷i÷·-¤¸ (n~|
= l·¤|lºª (ºi n-i n|l÷ª=n|¬|- ¤l·-|n- ¤|lº|n +º| ¤|lº|n -·|| ¤|¤|· ¤|lº|n
v¤-¬- =n|¬|- ¤= l¤l¤¬ ~-v¤|t =n|¬|-| + ln( v¤|ª
l+¤| ¤|-| t
¤. =¸¤ªr ¤rurfn¤t =t+rr
~|-n|:- ¬|º||¬|÷i ·|+- t- ¤+ - l¤·lz|ª l¤·|¬i -·| +|
=<· +·- ~|· -=+i vl+¤| +i l-ª·|-i +·- + ln( ¤¤|--
+<n -a|( t ¤+ + =¤¸º| -º¤+ n =¸--| =·-|| ·|º-|~| +i
l-ª·|-i +·- + ln( ¤+ - (+ l¤z¤ª-·i¤ =·-|| ¤l·-|n-
+-:
=~|=i| ª·||l¤- l+¤| t ¤| l+=i ·|i ~-¤ ·||·-i¤¤+ ,|·| ª·||l¤- +-: = l·|-- t := =l¤¬| +| v¤|ª -º¤+
+ ·|i-· ~| · ¤|t· + l¤l·|-- ¤|lº|n| +| ¤t- ti ~ª =l+¤
ª¤ = l¤zn·|º| ~| · l-ª·|-i +·- + ln( l+¤| ¤|-| t
=r; q==r zzoo+
¤+ +| l+lº+n :-+|ªº+-· ÷|º|=-º· -º¤+ ~|¤·z|- =-º·
(÷ l÷¤|ªº· l·+¤·i ÷|º| =|:º ~|
=~| .ºº¡ vn|º|i+- t=nª- ¤|lnl=¤| -·|| vl+¤| =¤>·a ·¤¤t|·| ~|· ~|
=~|.ºº¡ + n|-+| + ~-ª¤ t
¤rtr¤rt fªt-atar ¤r¬ªr (¤t=t¤t¸
¤-n|- ¤l·v-¤ n ¤t| =nª- z||º||( +-:i+- -º¤+ +
~-ª - t ¤t| +- l+ºl¤ºi (+ nt·¤¤¸º| l¤·|¤ t ¤¤l¤ v·¤+
z||º|| +| <|t·i +- l+ºl¤ºi v<|- +·+ +- l+ºl¤ºi ~|-º¤ +|
·¤|- ·º|| ª¤| t ¤·-- ~|-º¤ +| ¤¸º|-· -+|·| -ti ¤| =+-|
¤+ +i +|·|¤|· l-·--·-| ¤|¤-| :¤i=i¤i| =¤l··||l·|- t -|l+
z||º||~| n l+=i ·|i ~|+lªn+-| ¤· ~¤|l¬- ª|t+ =¤|(
v<|- +i ¤| =+
43
12. HUMAN RESOURCES MANAGEMENT
Bank recognizes its employees as the most vital and valuable asset.
Total number of employees including those in the subsidiaries was
62,127 at the end of March 2012.
Cadre -Wise Staff Strength
March 2011 March 2012
CADRE Number % of Number % of
Total Staff Total Staff
OFFICER 20711 36.32 22933 36.91
CLERKS 23065 40.45 25380 40.85
SUB STAFF (incl.PTS) 13244 23.23 13814 22.23
Total 57020 100 62127 100
Bank has taken several initiatives during the year in the areas of
Manpower Planning, Recruitment, Succession Planning, Leadership
Development and Staff Welfare.
Manpower Planning:
Manpower Plan for the year 2011-12 scientifically factored the existing
deficits as well as the future requirements due to business expansion/
new initiatives. The Plan envisaged 16,811 vacancies in different
cadres/scales, out of which 7747 were to be filled up by internal
promotions while 9064 were to be filled up by direct recruitment.
Recruitment strategy:
Based on the Manpower Plan approved by the Board, an extensive
Recruitment Plan which included recruitment in various posts/cadres
viz. 582 Specialist Officers, 775 Management Trainees as well as
6428 Clerks was carved out. Since the number of employees to be
recruited in clerical cadre was large, the blueprint of the whole
process i.e. from the date of advertisement till the last phase of
joining was finalized well in advance so as to ensure completion of
the projects in a time bound manner.
Succession Plan:
In the light of the large scale human resources gaps that Bank is
likely to face in the next few years, need for Succession Policy has
been felt. The Policy envisages mapping of the 'existing pool'
against the 'future requirement' from the projected business figure
to ensure that adequate number of officials are available in the
pool and also to foresee the surplus / deficit in the pool for
ascertaining the requirement of succession in a particular vertical.
The pool thus created would be sufficiently large to take care of
future attrition in the specialized fields. To start with, Succession
Planning in our bank covers all officials in Top Executive Grade
(TEG) scale VI and Senior Management Grade(SMG) scale V, who
are due to retire after 01.04.2014 so that their services in the
Bank are available for at least 3 years. Accordingly, mapping of
Senior Executives position vis-à-vis the availability of the
Executives in Scale-VI & above has been done and exposure by
way of suitable placements to enable them appropriate grooming
in identified positions is being done.
+z. nrª¤ ==r¤ª ¤¤-¤ª
¤+ ~¤- +n-|l·¤| +| =¤|l¬+ nt·¤¤¸º| ~|· ~n¸-¤ ~|lª- n|--|
t n|- .º¡. + ~- -+ =t|¤+ +¤l-¤| =lt- +n -|l·¤| +i +n
=º¤| ·.¡. ·|i
=¤n¤rt tºr¤· ==¤r
nr¤ 2011 nr¤ 2012
=¤n ==¤r ¤¬ tºr¤· ==¤r ¤¬ tºr¤·
¤r x ¤r x
~l¬+|·i 20711 36.32 22933 36.91
lnl¤+i¤ 23065 40.45 25380 40.85
~¬i-ª·| ªº|¤· :¤iºi(= =lt-| 13244 23.23 13814 22.23
¤¬ 57020 100 62127 100
¤·| + <|·|- ¤+ - ¤-z|l+- ¤|¤-| ·|-i -·-·|-· ¤|¤-| --·¤
l¤+|= -·|| ªº|¤· +-¤|º| + -|·| n ~-+| -: z|ª~|- +i t
¬ªrrf¤a ¤r¬ªr.
¤·| .º¡¡¡. t- ¤-z|l+- ¤|¤-| +|·|¤|· l¤ª-|·/-( ¤tn| +
+|·º| ¤-n|- +ni ¤ ·||¤i ~|¤z¤+-|~| +| ·¤|- n ·º|- t( -¤|·
+i ª: t ¤|¤-| n l¤l·|-- =¤ª|/¤--n|-| n ¡·º¡¡ l·+- ¤< t
l¤-n = : ~|-l·+ ¤<|--l- + n|·¤n = -·|| ºº·: =i¬ ·|-i
+ n|·¤n = ·|· ¤|(ª
+rat ¤r¤ ¤r¬ªr
l-<z|+ n÷n ,|·| ~-n|l<- ¤-z|l+- ¤|¤-| + ~|¬|· ¤· l¤ª--
·|-i ¤|¤-| ¤-|: ª: l¤=n l¤l¤¬ ¤<|/=¤ª| ¤·|| ·º. l¤z|·|a-|
¤|-- ~l¬+|·i · ¤¤-¬- ¤lz|-| -·|| ·:.º lnl¤+ ·|-i l+( ª(
¤ =|l+ lnl¤+i¤ =¤ª n +n -|l·¤| +i =º¤| ~l¬+ ·|i ~-·
=n¸-i ¤ l+¤| ¤·|| l¤a|¤- +i -|·iº| = ¤< ª tº| +·- + ~l-n
-·º| +| ·n¸ l¤ º ¤tn ti - ¤|· +· ln¤| ª¤| ·|| l¤== ¤ l+¤| +|
=n¤¤z ª¤ = ¤¸·| l+¤| ¤| =+
s-atrat ¤r¬ªr
~|ª|ni +¤ ¤·|| n ¤+ n n|-¤ ==|¬-| +i +ni +| ·¤|- n ·º|-
t( -·-·|-· -il- +i ~|¤z¤+-| ~-·|¤ +i ª: ¤|¤-| ¤ -|l¤-
+|·|¤|·i ~|+÷| + ~|¬|· ¤· '·||¤i ~|¤z¤+-|~|' + l¤ªz
'¤-n|- ¤¸n' +| ·¤|- n ·º| +· ¤-|: ª: t l¤== =l-lz-- l+¤|
¤| =+ l+ ¤¸n n ¤¤|-- =º¤| n ~l¬+|·i t -·|| =|·| ti l¤z|·|
z|i·| n -·-·|-· ~|¤z¤+-| + ~-=|· ¤¸n n ~l¬z|·|/+ni +| ·|i
~-n|- nª|¤| ¤| =+ := ¤ +|· ¤¸n ·¤¤ª·|| ¤¤| -- ¤÷i t|ªi
l¤== l¤z|·|a-| ¤|-- -|·|| n ·||¤i +ln¤| +| ·|i ·¤|- ·º|| ¤| =+
tn|· ¤+ n -·-·|-· ¤|¤-| +| ~|·-·| +·- t( --- +|¤¤|n+ ª÷
:ºi: ¤i| ª+ nVI -·|| ¤l··a ¤ ¤¬- ª ÷
=(n¤i| ª+n V +-- =·|i ~l¬+|l·¤| +| +¤· l+¤| ª¤| t ¤| ¡.º:..º¡: + ¤|<
=¤|l-¤·- t|ª l¤== ¤+ n --+i =¤|( +n = +n ª ¤·| -+
-¤n·¬ t| -<¸-=|· ª+nVI -·|| -¤· + +|¤¤|n+| +i -n-| n
¤l··a +|¤¤|n+| +i lª·|l- +| ·|i l-¬|·º| l+¤| ª¤| t -·|| -l-<|
¤<+n| t- --+| - ¤|· +·- + -ªz¤ = --+i - -|-i ¤·||l-- ¤<
ª·||-| ¤· +i ª: t
44
Team 2020:
As part of Succession Planning, pool of Executives in Scale-IV
& above who will continue with the Bank for more than a
decade i.e. on & after 01.01.2020 have been identified as Team
2020.
Staff Welfare:
During this Financial Year, Scheme for Financial Assistance to
employees having mentally retarded children has been introduced
whereby such employees are provided Financial Assistance
@ ` 5000/- per annum. Further, under the Scheme of providing
Medical Aid to pre-1.1.1986 retirees, amount has been enhanced
from ` 2500/- to ` 5000/- per annum. Tie up arrangements have
been made with different hospitals at different centres for providing
medical facilities to staff and their family members.
Reservation Policy
The Bank follows the reservation policies for SCs, STs and
OBCs as prescribed by Government of India from time to
time.
Strength of SC/ST/OBC Employee
March 2011 March 2012
CADRE SC ST OBC SC ST OBC
OFFICER 3394 1255 757 4104 1352 1045
CLERKS 4422 722 1022 4570 1091 2635
SUB STAFF (incl.PTS) 5335 749 1689 5724 760 2017
TOTAL 13151 2726 3468 14398 3203 5697
Human Resources Management System (HRMS)
HRMS 'PNB Parivaar' - A PeopleSoft package containing an
exhaustive database of all the employees, has enabled Bank to
effectively utilize technology for implementing all employee related
tasks like staff welfare benefits, various reimbursements, transfer/
postings, leave rules etc. Salary is being credited online through
HRMS centrally in respect of all employees and Loan deductions
are also being credited online centrally on the day of credit of salary
in the concerned loan accounts.
Promotions
During the year 2011-12, all promotion processes in different cadres
were completed in the first quarter of the year i.e. up to June 2011.
While 16 officers were promoted from Scale VI to VII, 36 were
promoted from Scale V to VI. From Scale IV to V, 103 officers were
promoted and 436 were promoted from Scale III to IV. Besides,
922 promotions were made from Scale II to III and 1302 promotions
were made from Scale I to II.
Industrial Relations
Industrial relations in the Bank continued to be cordial with issues
raised by Workman Union/Officers' Association being attended to
immediately. Various meetings were held with the representatives
of the majority Officers' Association / Workmen Union during the
ºtn zozo
-·-·|-· ¤|¤-| + ·||ª + ª¤ n ª+n IV -·|| -¤· + +|¤ +|·i ¤|
¤ + n (+ <z|+ = ~l¬+ +i ~¤l¬ ~·|| - ¡.¡..º.º +| -·||
-=+ ¤|< ·|i -¤n·¬ t|ª --t ºin .º.º + ª¤ n l-l-t- l+¤|
ª¤| t
tºr¤· ¤r¤r¢r
:= l¤·- ¤·| + <|·|- -- +n-|l·¤| +| l¤·-i¤ =t|¤-| <- +i
¤|¤-| ~|··| +i ª: t l¤-+ ¤-- n<¤lz t ¤|¤-| + ~-=|· (=
+n -|l·¤| +| ª¤( ·ººº vl-¤·| +i <· = l¤·-i¤ =t|¤-| <i ¤|-i
t :=+ ~l-l·+- ¤|¤-| + ~-ª - ¡.¡.¡ºº· = ¤tn =¤|l-¤-
+n -|l·¤| +| l-l+·=| +i ·|lz| +| ª¤( .·ºº/ = ¤·| +· ª¤(
·ººº/ vl-¤·| +· l<¤| ª¤| t l¤l¤¬ +-:| ¤· l¤l·|-- ~ª¤-|n|
+ =|·| ªº|¤· -·|| --+ ¤l·¤|· + =<ª¤| +| l-l+·=| =l¤¬|
-¤n·¬ +·|- t- º|:~¤ ·¤¤ª·|| +i ª: t
=rt+r¢r ªtfa
¤ + =·+|· ,|·| =n¤=n¤ ¤· l-¬| l·- ~-=¸l-- ¤|l- ~-=¸l--
¤-¤|l- -·|| ~-¤ l¤¤÷ ¤ª| t- ~|·-|º| ¤|lnl=¤| +| ~-¤|n-
+·-| t
=ª =¸ f¤a ¬rfa.=ª =¸ f¤a ¬ª¬rfa.=-¤ f¤øz ¤n ¤ ¤n ¤rft¤r
¤t = =¤r
nr¤ 2011 nr¤ 2012
=¤n =ª.¬r. =ª.¬ª. =.f¤.¤. =ª.¬. =ª.¬ª. =.f¤.¤.
~l¬+|·i 3394 1255 757 4104 1352 1045
lnl¤+i¤ 4422 722 1022 4570 1091 2635
~¬i-ª·| ªº|¤· :¤iºi(= =lt-| 5335 749 1689 5724 760 2017
¤¬ 13151 2726 3468 14398 3203 5697
nrª¤ = =r¤rª ¤¤-¤ª ¤¢rr¬t (q¤=rtqnq=¸
(-~|·(n(= ''¤i(-¤i ¤l·¤|·''(+ ¤i¤n=|+º ¤ +¤ n =nª-
+n-|l·¤| + ·¤|¤+ ÷|º| ¤= t l¤== ¤+ +n-|l·¤| = =¤l¬-
=nª- +|¤| ¤ = ªº|¤· +-¤|º|+|·i n|·| l¤l¤¬ vl-¤¸ l- ¤| ª·||-|--·º|
- -|-i ~¤+|z| l-¤n ~|l< +| v·||¤i ª¤ = +|¤| -¤¤- +·-| t
=·|i +n -|l·¤| +| ¤-- +-:i+- ª¤ n (-~|·(n(= + n|·¤n =
¤n| l+¤| ¤|-| t -·|| +º| +º| l-¤| ·|i ¤-- ¤n| t|- +i -|·iº|
+| ti =¤l¬- +º|º||-| n ~|-n|:- ¤n| t| ¤|-i t
¤ªr-ªfa¤r
¤·| .º¡¡¡. + <|·|- l¤l¤¬ =¤ª| n =nª- ¤<|--l- vl+¤| +|
¤tni l-n|ti ~·|| -¸ ¤¸- .º¡¡ -+ ¤¸·| +· ln¤| ª¤| ·|| ¡· ~l¬
+|·i ª+n VI = VII n ¤<|--- t( ¤¤l+ ª+n V = VI n ª·
~l·|+|·i ¤<|--- t( ª+n IV = V n ¡ºª ~l¬+|·i ¤<|--- t(
¤¤l+ ª+ n III = IV n :ª· ¤<|--l-¤| t: :=+ ~l-l·+- ª+n
II = III n º.. -·|| ª+n I = ª+n II n ¡ªº. ¤<|--l-¤| t:
=rurfn¤ =¤¤
¤ + n ~| ¤| lª+ = ¤ ¬ =| t|< ¤¸ º| ¤- t ( t +¤| l+ +|nª|·
¤¸l-¤-/~l·|+|·i =·| ,|·| -a|( ª( nª| ¤· -·+|n ·¤|- l<¤| ¤|-|
t ¤·| + <|·|- ¤t=º¤+ ~l¬+|·i =ªa-/+|nª|· ¤¸l-¤- +
45
year to discuss various issues and taking steps to resolve the
same.
Training Activities
The Training system of the Bank is functioning effectively for
enrichment of knowledge, skills and attitude of staff at all levels in
line with the organizational objective to transform the Bank to a
technology & service driven leading pan-India Bank.
Bank has a three tier training set up comprising of Central Staff
College (CSC) at Delhi at apex level catering to training needs
of Top / Senior / Middle Management Grade officers, three
Regional Staff Colleges (RSCs) located at Belapur-Navi Mumbai,
Lucknow and Panchkula for training needs of Senior / Middle /
Junior Management officers as well as workman staff and seven
Zonal Training Centres (ZTCs) at Dehradun, New Delhi, Jaipur,
Kolkata, Kozhikode, Ludhiana and Patna looking after the training
needs of Middle / Junior Management Grade officers & Workman
Staff. IT Training Centre located at Faridabad caters to the training
needs of officers exclusively in the areas of Information
Technology.
In addition, PNB Institute of Information & Technology (PNB IIT),
an autonomous Institute has also been established at Lucknow,
that conducts programmes on banking technology for various
banks and has ventured into education through its flagship
educational programme 'Advanced Diploma in Banking Technology'.
To groom officers for higher responsibilities and enhance their cross
organizational & global exposure, Bank imparts training in specialized
areas through outside institutions of repute both in India & abroad.
Two Senior Management Programmes for 50 Scale-V & Scale-VI
Executives were organized in collaboration with National University
of Singapore (NUS) Business School, to enhance the Leadership &
Marketing Skills. During the year, Bank focused on imparting trainings
in key subject areas like Credit, Agriculture, SME, Foreign Exchange,
Information Technology, NPA Management, Risk Management &
Soft Skill development etc. Besides, induction training to all the new
recruits, Pre - promotion training to SC/ST employees, post promotion
training through Management / Leadership Development
Programmes, Faculty Development Programmes (FDP) were also
conducted during the year.
Training Policy of the Bank envisages a training reach of 50% of
employees every year. During the year 2011-12, Bank imparted
1,78,639 man days training to 46,653 employees through in-
house training institutions. In addition, 1568 officers attended
specialized trainings at reputed outside Institutes in India and
abroad. Bank has already initiated 'PNB Pragati', which envisages
imparting soft skills training to all employees of the Bank as a
part of organizational transformation exercise in the coming
financial year.
E-learning
To facilitate greater training reach of the staff, training system of
the Bank makes extensive use of technology. There is an exclusive
vl-l-l¬¤| + =|·| l¤l¤¬ nª| ¤· l¤l·|-- ¤a+ t: -·|| --+
=n|·||- t- +<n -a|( ª(
¤frr+r¢r nfaf¤f¤¤r
¤ + +i vlz|-|º| vº||ni =ªa-|·n+ -ªz¤ =lt- =·|i ª-·| ¤· ªº|¤·
+ a|- +| z|n ~| · ·¤¤t|· n ¤lz +·- +| v¤|= +·-i t l¤=+|
n-¤ t ¤+ +| v|¤|lª+i -·|| =¤| -|·|| n ª¤|-l·- +· ~ªº|i
¤-:l÷¤| ¤+ ¤-|-|
¤+ +i -i- ª-·i¤ vlz|-|º| ·¤¤ª·|| t l¤=n z|i·| ª-· ¤· l<-ni n
lª·|- +-:i¤ ªº|¤· +|n¤ t ¤| ---/¤l··a/n·¤ v¤-¬- ª÷ +
~l¬+|l·¤| +i vlz|-|º| ~|¤z¤+-|~| +| ¤¸·| +·-| t -i- -|·|i¤
ªº|¤· +|n¤ ¤n|¤·-¤i n-¤: nº|-- ~|· ¤-+n| n lª·|- t ¤|
¤l··a/n·¤/+l-·a v¤-¬- ~l¬+|l·¤| -·|| +|nª|· ªº|¤· +i vlz|-|º|
~|¤z¤+-|~| +| ¤¸·| +·- t -·|| =|- ~|-ln+ vlz|-|º| +-:
:¤ ÷ºi=i| < t·|<¸ - -: l<-ni ¤¤¤ · +| n+|-| +| l¤+| ÷ n l·|¤|-|
(¤ ¤º-| n lª·|- t ¤| n·¤ +l-·a v¤-¬- ª÷ ~|· +|nª|· ªº|¤·
+i vlz|-|º| ~|¤z¤+-|~| +| ¤¸·| +·- t ¤··i<|¤|< lª·|- ~|:ºi
vlz|-|º| +-: =¸--| v|¤|lª+i + -|·| n ~l¬+|l·¤| +i vlz|-|º|
~|¤z¤+-|~| +| ~--¤ ª¤ = ¤¸·| +·-| t
:=+ ~l-l·+- ¤i(-¤i =¸ --| -·|| v| ¤| lª+i = ª·||- :¤i(-¤i ~|: ~|: ºi|
¤| (+ ª¤-·| =ª·||- t +i ª·||¤-| nº|-- n +i ª: t ¤| ¤l+ª
v|¤|lª+i ¤· l¤l¤¬ ¤+| t- +|¤+n| +| =-|n- +·-| t -·||
:=- ~¤- ''(÷¤|= l÷-n|n| :- ¤l+ª'' º+-|n|¤i z|l-|+ +|¤+n
+ n|·¤n = lz|-|| + -|·| n ·|i v¤z| l+¤| t
--- <|l¤·¤| + l-¤| t + ln( -·|| --+i =ªa-|·n+ ¤ =|¤ ¤l-+
¤|-+|·i +| ¤·|- + ln( ¤+ l¤z|·| -|·|| n ·||·- -·|| l¤<z| <|-|
n vl-l·a- ¤|n =ª·||-| + n|·¤n = vlz|-|º| <-| t ª+n V -·||
VI + ·º +|¤¤|n+| + ln( -z|-n ¤¸-i¤l=ºi ~|¤· l=ª|¤·
-¤¸(=| l¤¤-= ª+¸n + =t¤|ª = --·¤ -·|| n|+ lºª +| z|n¤·|- + ln( <| ¤l··a v¤-·|- +|¤ +n ~|¤|l¤- l+( ª( ¤·| +
<|·|- ¤+ n vlz|-|º| ªl-l¤l¬¤| +| ¤·|+= +º| +l·| (=(n:
l¤<z|i l¤l-n¤ =¸--| v|¤|lª+i (-¤i( v¤-¬- ¤|lº|n v¤-¬-
-·|| =|+º lª+n ÷¤n¤nº -|·|| ¤· ·t| t :=+ ~l-l·+- =·|i -(
·|-i =<ª¤| +| v¤-¬-/--·¤ l¤+|= +|¤+n| + n|·¤n = v¤z|
vlz|-|º| ~-=¸l-- ¤|l-/¤-¤|l- + +n-|l·¤| +| ¤<|--l- ¤¸¤
vlz|-|º| l<¤| ª¤| ¤·| + <| ·|- =+|¤ l¤+|= +|¤ +n
¤·÷i¤i|·|i ~|¤|l¤- l+( ª(
¤+ +i ¤lz|-|º| ¤|ln=i n ¤l-¤·| ·º· +n-|l·¤| +| vlz|-|º| <-
+i ~l·|+-¤-| t ¤·| .º¡¡¡. + <|·|- ¤+ - :- t|-= vlz|-|º|
=ª·||~| + n|·¤n = :···ª +n-|l·¤| +| ¡º·ªº n|-¤ l<¤=|
+| vlz|-|º| l<¤| :=+ ~l-l·+- ·||·- ~|· l¤<z| n lª·|- vl-l·a-
¤|n =ª·||-| n ¡··º ~l¬+|l·¤| - l¤lz|·º vlz|-|º|| n ·||ª ln¤|
~|ª|ni l¤·-i¤ ¤·| n =ªa-|·n+ ª¤|-·º| + ·||ª + ª¤ n ¤tn ti
¤i(-¤i vªl- ~|··| l+¤| t l¤=n ¤+ + =·|i +n-|l·¤| +| =|+º
lª+n ºl-ª <- +i ~l·|+-¤-| t
; -¬fª n
¤ + +i vlz|-|º| vº||ni ªº|¤· +| vlz|l-|- +·- t - v| ¤| lª+i
+| ·¤|¤+ ª¤ = :ª- n|n +·-i t ¤ + +i (+ -| n ¤ = º·
46
Knowledge Centre website, comprising of e-circular of all HO
Divisions, knowledge repository of latest banking and economic
updates. This web-site is available to the staff both through CBS
network as well as via internet.
'PNB Gyanuday', Bank's exclusive e-learning platform is accessible
24 X 7 to all employees across the country & abroad. This is an
interactive mode of learning that covers banking topics on various
areas viz. Credit, Foreign Exchange, Retail Banking, CBS/IT, KYC
(Know Your Customers)/ AML (Anti Money Laundering),
Marketing, Risk Management, Resolution of NPAs etc.
13. MANAGEMENT INFORMATION SYSTEM
Management Information System Division (MISD) was set up
with the objective of centralization of MIS. To achieve this
objective, Enterprise-wide Data Warehouse (EDW), had been
implemented. EDW has facilitated ready access to data required
for Regulatory/Statutory reporting as well as for analytical
purposes. So far EDW has customized 418 returns pertaining
to sixteen HO Divisions. LADDER (Loans and Advances Data
Desk for Evaluation & Reports) System, comprising of BASEL
& CIBIL modules, with monthly data updation periodicity, is
also being implemented for creating data base of loan accounts,
generation of credit related MIS & retrieval of credit related
information, asset classification and provisions computation in
respect of NPAs, etc.
The project of "Integration of LADDER with CBS" has been
implemented across the bank w.e.f. 1st Oct, 2010 and is aimed at
achieving single data entry point, stop opening of accounts manually
in LADDER, obviate the scope of manual intervention for Asset
Classification and minimize submission time of LADDER data.
Data of all accounts is being transmitted to three Credit Information
Companies on monthly basis through CIBIL Module, an extension
of Ladder System, thus enabling our branches to draw Credit
Information Reports (CIRs) for taking credit related decisions.
5,97,383 CIRs of prospective borrowers under Consumer category
and 16,957 CIRs under Commercial category were drawn from
CIBIL, Experian & Equifax database during the current year.
Bank is handling the issue of registering the particulars of equitable
mortgages with central registry. So far our bank has filed Security
interest (mortgages) by deposit of Title Deeds in 35000 cases. The
objective is to avoid multiple financing thereby preventing
perpetrators of frauds by mortgaging the same property to more
than one financial institution.
14. CUSTOMER CARE
PNB is committed to provide the best customer care and is using its
technology platform for ensuring consistent customer experience.
In order to ensure customer service of a high order, Bank has taken
concerted efforts to train the staff on the operational and behavioral
¤ ¤=|:º t l¤=n =nª- v¬|- +|¤| n¤ v·||ª| + : ¤l·¤·|
-¤i--n ¤ l+ ª ~| · ~|l·| + ¤|-+|l·¤| +i -| n ¤ l÷¤| l¤º·i
l-lt- t ¤t ¤ ¤=|:º ªº|¤· +| =i¤i(= - º¤+ -·|| : º·- º <| -|
n|·¤n| = -¤n·¬ t
¤i(-¤i a|-|<¤ ¤+ +| :nl-ª -nº¤·|n t ¤| <z| ~|· l¤<z| n
=nª- +n -|l·¤| +| .:x -¤n·¬ t ¤t :º·(l+º¤ nl- ª +| n|÷
t l¤=n l¤l¤¬ ¤l+ª l¤·|¤| ¤= +º| l¤<z|i l¤l-n¤ l·ºn
¤l+ª =i¤i(=/~|:ºi +¤|:=i :~¤- ª|t+ +| ¤|-|/((n(n
ºi n-i n|l÷ª| l¤¤º|- ¤|lº|n v¤-¬- (-¤i( +| =n|¬|-~|l< +| +¤· l+¤| ª¤| t
+s. ¤¤-¤ª =¸¤ªr ¤¢rr¬t
v¤-¬- =¸ --| vº||ni +| + -:i+ - +·- + -ª z¤ = v¤-¬ =¸ --| vº||ni
v·||ª
n~|: (=÷i| ª·||l¤- l+¤| ª¤| := v¤| ¤- +i v|l-- t -: º·v|:¤ ÷|º| ¤ ¤· t|-= :: ÷i÷·-¤¸ | +|¤| l-¤- l+¤| ª¤| : º·v|:¤¤|:÷
÷|º| ¤ ¤· t|-= :: ÷i÷·-¤¸ | + ~|· ·| t| - = l-¤ ·|+/=| l¤l¬+ l·¤| lº ª
~| · l¤zn ·|º||·n+ -ª z¤ + ln( ~¤ l-|- ÷|º| = n·| t| ª¤| t : º·v|:¤
÷|º| ¤ ¤· t|-= :: ÷i÷·-¤¸ | ,|·| ~¤ -+ v¬|- +|¤| n¤ + ¡· v·||ª|
n = ¤ l¬- :¡º l¤¤·lº|¤| +ªºn|: ¤ +i ª: t n ÷· :n| -= (-÷
(÷¤| l== ÷|º| ÷ ª+ ¤·|· :¤ -¤¸ z|- ( ÷ l·¤| º =| vº||ni n ¤ l=n -·||
l=l¤n n| ÷¸ ¤¸ n z||lnn t l¤=n n|l=+ ~¤l¬ + ~| +÷ ~¤-- l+(
¤|- t ~| · :=+| v¤| ª +º| º||-| +| ÷|º| ¤ = - ¤|· +·- +º| =
= ¤ l·|- v¤-¬ =¸ --| l¤¤·lº|¤| + = ¤- (¤ +º| = = ¤ l¬- =¸ --| +
-¤¤| ¤- :l·lº ¤n| (-¤i( + = ¤ ¬ n ¤l·= ¤l-|¤| + ¤ªi +·º| ~| ·
v|¤¬|-| ~|l< +i ªº|-| + ln( l+¤| ¤|-| t
=n¸- ¤+ n ¡ ~+-¸¤· .º¡º = '':-ºª·z|- ~|¤· n÷· l¤<
=i¤i(='' ¤l·¤|¤-| +|¤| l-¤- +i ª: t -·|| :=+| -ªz¤ (+n
÷|º| vl¤l·º -¤|:º n÷· n n-~ni º||-| º||n- ¤· ·|+ nª|-|
~|lª-¤| + >º|i+·º| n n-~ni tª--|¤ +i =·||¤-|~| +| <¸· +·-|
-·|| n÷· ÷|º| vª-l- n nª- ¤|n =n¤ +| -¤¸--n +·-| t
=·|i º||-| + ~|+÷ n|l=+ ~|¬|· ¤· l=l¤n n|÷¸¤¸n ¤| n÷·
vº||ni +| l¤ª-|· t + n|·¤n = -i- +º| =¸--| +¤l-¤| +| ·|¤
¤|- t l¤== tn|·i z||º||~| +| +º| =¤¬i l-º|¤ n- + ln( +º|
=¸--| l·¤|º :=i~|:~|·| ¤-|- n =t|¤-| lnn =+ -|n¸ ¤·| +
<|·|- l=l¤n (+=¤l·¤- -·|| :+¤i¤·+= ÷|º| ¤= = ª|t+ >º|i +
~-ª- v·¤|lz|- +º| +-|~| + ·ºªºª =i~|:~|· -·|| ¤|lº|l-¤+
>º|i + ~-ª- ¡·º· =i~|:~|· ¤|-- l+( ª(
¤+ =¤|lz¤+ ¤¬+ + ·¤|· +| =ºn ·l¤ªºi n ¤¤i+- +·|- +
n|nn ¤· ·|i +|¤ +· ·t| t ~¤ -+ tn|· ¤ + - ª·ººº n|nn|
n ª¤|ln·¤ l¤nº| :º|:ºn ÷i÷| ¤n| +·¤| +· vl-·|¸l- :-º·ªº
:¤¬+| ¤·|: n l+( :=+| -ªz¤ t (+ ti =¤l-| +| (+ =
~l·|+ l¤·-i¤ =ª·||~| n lª·¤i ·º| +· ¬|º||¬÷i +·- ¤|n
~¤·|l¬¤| ¤· ·|+ nª| +· ¤tl¤¬ l¤·-¤|·|º| +| ·|+-| t
++. nrr¤ =¤r
¤i(-¤i =¤|·-n ª|t+ =¤| v<|- +·- + ln( vl-¤z t ~|· l-·--·
~-+¸n ª|t+ ~-·|¤| +| =l-lz-- +·- + ln( ~¤- v|¤|lª+i
-nº¤·|n +| -¤¤|ª +· ·t| t ¤+ --- ª-·i¤ ª|t+ =¤|
=l-lz-- +·- t- ªº|¤· +| ¤l·-|n- -·|| ·¤¤t|· ¤·+ ¤tn~| ¤·
47
aspects. Periodically reviews and other measures are taken on an
ongoing basis for improvement of Customer Service to minimize
the inflow of complaints.
Bank has a well defined Grievance Redressal Mechanism and
Grievance Redressal Policy available on its website. Efforts are made
to ensure that maximum numbers of complaints are redressed within
shortest possible time. The overall redressal mechanism is monitored
and strengthened to achieve tangible results. Bank's endeavor is to
fine tune the operations within the framework of Banking Code
and Standards Board of India (BCSBI) Code to achieve higher
operating standards. PNB is also entrusted with the responsibility
of managing Customer Service Centre at Delhi, for all nationalized
banks situated at Delhi.
Bank observed Customer Contact Week from 12.12.2011 to
17.12.2011 to improve the customer service, identify the areas
for improvement, understand the grievances of staff, motivate
them and to improve the up-keeping of bank branches. Theme
Based Meeting is conducted at monthly intervals to bring
awareness about bank's products and scheme and for improving
knowledge and skill amongst the staff. Theme Based Staff Meeting
Portal v1.0 A has recently been introduced on Bank's website.
Besides, Customer Day is being observed on 15th of every month
in all our branches.
Total number of complaints
Customer Complaints
a) No. of complaints pending at the beginning of 336
the year
b) No. of complaints received during the year 52934
2011-12
c) No. of complaints redressed during the year 52969
2011-12
d) No. of complaints pending at the end of the 301
March 2012
Awards Passed By The Banking Ombudsman
a) No. of unimplemented awards at beginning of 1
the year
b) No. of awards passed by the Banking Ombudsman 6
during year 2011-12
c) No. of awards implemented during the year 7
d) No. of unimplemented awards at the end of NIL
March 2012
15. STRATEGIC PLANNING & BUSINESS PROCESS RE-ENGINEERING
Bank continued to leverage the advantages of CBS and manage
change through BPR Initiatives involving People, Processes and
Technology. To provide quality experience to our esteemed
customers, various customer friendly initiatives like Introduction of
Cash Deposit machines, Cheque drop machines, etc. were
undertaken. For the convenience of customers and field
functionaries, a simple consolidated account opening form for
vlz|l-|- +·- + =¤¬ n a|= v¤|= +· ·t| t ª|t+ =¤| n =·||·
+· lz|+|¤-| n +ni n|- + ln( l-¤ln- ~|¬|· ¤· =ni-|| +i
¤|-i t -·|| ~-¤ -¤|¤ l+( ¤|- t
¤ + +| (+ =¤l··||l·|- lz|+|¤- l-¤º|- n +l--n t -·|| lz|+|¤-
l-¤º|- ¤|ln=i ¤ + +i ¤¤=|:º ¤· -¤n·¬ t v¤|= l+( ¤|- t
l+ ~l¬+-n lz|+|¤-| +| l-¤º|- ¤·||=·|¤ -¤¸--n =n¤ n +·
ln¤| ¤|( =nª l-¤º|- n+l--n +i n|l-ºl·ª +i ¤|-i t -·|| a|=
¤l·º||n| +i -¤nl·¬ + ln( -= =<· l+¤| ¤|-| t ¤ + +| v¤|=
t l+ ¤l+ª +|÷ (÷ ªº÷÷ ¤|÷ ~|¤· :l÷¤| :¤i=i(=¤i~|:| ,|·|
l-¬|l·- ¤l+ª =lt-| -·|| ¤l·-|n- n|-+| + ~-ª¤ ti ¤l·-|n-
l+¤| ¤|( l¤== ----n ¤l·-|n- n|-+| +| ¤ |-- l+¤| ¤| =+
¤i(-¤i +| ¤t -·-·<|l¤·¤ ·|i =| ¤| ª¤| t l+ ¤t l<-ni lª·|- =·|i
·|·ºi¤+- ¤+| n ª|t+ =¤| +-: +| v¤-¬- +·
¤+ - ª|t+ =¤| n =¬|· t- ¡..¡...º¡¡ = ¡.¡...º¡¡ -+
ª |t+ =--|t +| ~|¤|¤- l+¤| l¤== =¬|· ¤|·¤ -|·|| +i ¤t-|-
ªº|¤· +i =nª¤|~| +| =n¤-| ªº|¤· +| ¤|·=|lt- +·-| -·|| ¤+
z||º||~| n ~l¬+ =¬|· n|¤| ¤| =+ ªº|¤· +i ¤|-+|·i -·|| --+
+| z|n n =¬|· n|- + ln( n|l=+ ~|¬|· ¤· l¤·|¤ ~|¬|l·- ¤ a+
+| ~|¤|¤- l+¤| ¤|-| t l¤·|¤ ~|¬|l·- ªº|¤· ¤ a+ ¤|º n v1.0A
+| t|n ti n ¤ + +i ¤¤=|:º ¤· ~¤n|÷ l+¤| ª¤| t :=+
~l-l·+- tn|·i =·|i z||º||~| n ¤·¤+ n|t +i ¡· -|·iº| +| ª|t+
l<¤= + ª¤ n n-|¤| ¤|-| t
frr¤r¤ar ¤t ¤¬ ==¤r
nrr¤r ¤t frr¤r¤a
+| ¤·| + ~|··| n nl¤- lz|+|¤-| +i =º¤| ªª·
º|| ¤·| .º¡¡¡. + <|·|- v|-- lz|+|¤-| +i =º¤| ·.ºª:
ª| ¤·| .º¡¡¡. + <|·|- l-¤|·º| +i ª: lz|+|¤-| ·.º·º
+i =º¤|
·|| n|- .º¡. + ~- -+ nl¤- lz|+|¤-| +i =º¤| ªº¡
¤f¤n ¬r¤¤r¬ çrtr ¤rfta =¤rz
+| ¤·| + ~|··| n +|¤|l-¤- - l+( ª( ~¤|÷| +i =º¤| ¡
º|| ¤·| .º¡¡¡. + <|·|- ¤l+ª n|+¤|n ,|·| ¤|l·- ·
~¤|÷| +i =º¤|
ª| ¤·| + <|·|- +|¤|l-¤- l+( ª( ~¤|÷| +i =º¤|
·|| n|- .º¡. + ~- -+ +|¤|l-¤- - l+( ª( z|¸-¤
~¤|÷| +i =º¤|
+s. ¤r¤ªtfa ¤r¬ªr q¤ ª¤¤=r¤ ¤fa¤r tt-;¬tfª¤ftn
¤+ - =i¤i(= +| n|·| -a|- (¤ ¤i¤i~|· ¤tn| ,|·| n|ª|
¤ l+¤|~| (¤ -+-i+ +| z||lnn +· ¤l·¤- - l+¤| t tn|· n|--i¤
ª|t+| +| ªº|¤·-| ¤·+ ~-·|¤ <- + -ªz¤ = l¤l¤¬ ª|t+ ln·|
+<n ¤= -+<i ¤n| nz|i-| -+ ÷|¤ nz|i-| +i ª·||¤-| ~|l< -a|(
ª( ·| ª|t+| -·|| ¤·i-÷ +|¤+·-|~| +i =l¤·|| + ln( (+n
·¤l+- t- (+ =·n =nl+- º||-| º||n- +| ¤·|n -·|| (+ ¤·a +|
48
Individuals and a single page request form for term deposits have
been introduced. The narration in the statement of account
generated through e-mail, internet, Pass-book up dating & CBS
have been standardized which is easily understandable by the
customers. The expectations of our select clients have been met
with the introduction of the concept of opening of accounts through
"Welcome Kit", which instantly provides eight different services
along with opening of account.
To improve Organizational efficiency and effectiveness, Public
Provident Fund activities were linked with Link Cell, Nagpur, Fraud
Prevention & Investigation Section got delinked from Vigilance
Division, Rajbhasha Vibhag and DAK dispatch have been
successfully Centralised.
16. INTERNAL CONTROL SYSTEM
a. Credit Audit & Review
Credit Audit & Review as part of Loan Review Mechanism is
undertaken to examine compliance with extant sanction and
post-sanction processes/procedures laid down by the Bank
from time to time. During 2011-12, credit audit was conducted
in 'B' & above risk rated standard accounts with exposure of
` 10 crore & above and weak ('C' & 'D' risk rated) standard
accounts with exposure of `3 crore & above. Further, 5% of
accounts (selected on random basis) with exposure from
`5 crore to `10 crore and outstanding balance of `3 crore
and above were also subjected to Credit Audit.
As against RBI requirement of at least 30% to 40% of credit
portfolio to be reviewed every year, during 2011-12 credit
audit covered 63.9% of Bank's credit portfolio (Fund based
and Non Fund based). During 2011-12, Bank has formulated
policy of conducting Credit Audit of accounts in overseas
branches which is under implementation.
b. Internal Control
The main objective of Internal Audit System is to bring
effectiveness in the internal control, which has become quite
crucial in the fast changing Banking scenario. As per Annual
Financial Inspection (AFI) Report for the FY ended 2010-11
by RBI, rating of the Bank has improved under "Systems &
Controls".
Inspection & Audit Division (IAD) at the apex level with its
extended arms of (12) Zonal Audit Offices and a team of
Internal / External Auditors at field level, lays emphasis on
"Quality Growth" by identification, measurement and
mitigation of risks in day to day operations at branches of
the Bank. To achieve these objectives, various types of Audits
are conducted i.e. Risk Based Internal Audit (Onsite &
Offsite), Revenue Audit, Information System (IS) Audit,
Credit Audit, Snap Audit, Segment Audit and Compliance
Audit.
¤·|n =|¤l¬ ¤n| + ~-·|¬ + ln( - ¤|· l+¤| ª¤| t : nn
:º·-º ¤|=¤+ ~¤-- +·- -·|| =i¤i(= + n|·¤n = º||-|
l¤¤·º|i ¤-·º +·- ¤· l¤¤·º| +| n|-+i+·º| l+¤| ª¤| t ¤|
ª|t+| +| =·n-| = =n¤ ~| ¤|( tn|· -¤l-- ª|t+| +i
~¤-||~| +| ¤¸·| +·- + ln( '¤n+n l+º' + n|·¤n = º||-|
º||n- +i =+-¤-| +| ~|··| l+¤| ª¤| t ¤| º||-| º||n- + =|·|
ti ~|a l¤l·|-- =¤|( ·|i -¤n·¬ +·|-| t
=ªa-|·n+ <-|-| ¤ v·||¤z|in-| n =¬|· + ln( n|+ ·|l¤·¤ l-l·|
ªl-l¤l¬¤| +| ln+ =n -|ª¤· = ¤|÷| ª¤| t +|÷ l-¤|·º| -·||
¤|- +-| +| =-+ -| v·||ª = ~nª +· l<¤| ª¤| t ·|¤·||·|| l¤·||ª
-·|| ÷|+ v·|º| +| =¤·n-|¤¸¤ + +-:i+- +· l<¤| ª¤| t
+e. =raft¤ fª¤·r¢r ¤¢rr¬t
¤. =¢r ¬=rr¤tt+rr q¤ =nt+rr
+º| =ni-|| - ·|
n~|·(n| + ltª= + ª¤ n ¤ + ,|·|=n¤=n¤ ¤· l-¬| l·- ¤- n|- = ª¤i+ l-¤| ~| · = ª¤i+ l-¤| +
¤z-|- vl+¤|~| /+|¤ l¤l¬ + ~- ¤|n- +i ¤| - +·- + ln(
+º| n º||¤·i-|| (¤ =ni-|| +i ¤|-i t ¤·| .º¡¡¡. + <| ·|-
n|-+ > º|i + ''¤i'' ~| · --- ¤| lº|n ¤|n -- +º| º||-| n
l¤-+| + n +º| ¤| lº|n ª¤¤ ¡º +·| ÷ ~| · -== ~l¬+ t -·||
+n¤| · n|-+ º||- :''=i'' ~| · ''÷i'' ¤| lº|n · lº ª ¤|n | l¤-n
ª +·| ÷ ª¤¤ ~| · -== ~l¬+ +| (+=¤| ¤· t +i n º||¤·i-||
+i ª: ·|i :=+ ~l-l·+- · +·| ÷ ª¤¤ = ¡º +·| ÷ ª¤¤ -+
+i +º| ·|lz| + +º| º||-| ~| · ª +·| ÷ ª¤¤ -·|| -== ~l¬
+ ¤+|¤| z| ·| ¤|n º||-| n = ·· +º| º||-| +i :· ÷n ~|·||·
¤· -¤- l+( ª(| n º||¤·i-|| ·|i +i ª:
vl-¤·| +n = +n ªº· = :º· + +º| ¤|º ¤·|ln¤| +i =ni-||
+·- +i ·||·-i¤ l·¤¤ ¤+ +i ~¤-|| + ~-=|· ¤·| .º¡¡¡.
n ¤+ + ·ª.º· +º| ¤|º¤·|ln¤| :l-l¬ ~|¬|l·- ~|· ª· l-l·|
~|¬|l·-| +i +º| nº||¤·i-|| ¤¸·i +i ª: ¤·| .º¡¡¡. +
<|·|- ¤+ - ~|¤·=i¤ z||º||~| n +º| nº|| ¤·i-|| t- (+
-il- l-¬| l·- +i t l¤=+| +|¤| -¤¤- l+¤| ¤| ·t| t
=r. =raft¤ fª¤·r¢r
~|-l·+ nº||¤·i-|| vº||ni +| nº¤ -ªz¤ ~|-l·+ l-·i-|º|
vº||ni n v·||¤|·¤|<-+-| n|-| t ¤| -¤i = ¤<n- ¤l+ª
¤l·<z¤ n ~·¤l¬+ nt·¤¤¸º| t| ª: t l¤·-i¤ ¤·| .º¡º¡¡
t- ·||·-i¤ l·¤¤ ¤ + +i ¤|l·| + l¤·-i¤ l-·i-|º|
(¤·~|: |l·¤|º + ~-=|· vº||ni -·|| l-¤·|º| n ¤+ +i ·lºª n =¬|·
t~| t
l-·i-|º| (¤ n º||¤·i-|| v·||ª --- ª-· ¤· ~¤- ~| -ln+ n º||
¤·i-|| +|¤| n¤| :¡.| -·|| ¤·i-÷ ª-· ¤· ~| -l·+/¤|t·i n º||¤·i-|+|
+i ºin + =|·| ¤ + +i z||º||~| + < l-+ ¤l·-|n-| n ¤| lº|n|
+| ¤-| nª|- --+| ~|+n- l-ª·|-i +·- ¤ --t +n +·+
ª º|¤·-|¤·+ ¤ lz ¤· ¤n < -| t :- -ª z¤| +i v|l-- t - l¤l·|--
v+|· +i n º|| ¤·i-|| +i ¤|-i t ¤ = ¤| lº|n ~|¬|l·- ~| -l·+
n º||¤·i-|| :~| - =|:º ~| · ~| ¤·=|:º| ·|¤ª¤ n º||¤·i-|| =¸ --|
vº||ni :~|: (=| n º||¤·i-|| +º| n º||¤·i-|| ª- ¤ n º||¤·i-||
= ªn º n º||¤·i-|| -·|| ~- ¤|n- n º|| ¤·i-||
49
Various IT initiatives have been taken in the area of audit.
PNB is the first bank, to introduce online Risk Based Internal
Audit (e-RBIA) & Revenue Audit, which enables online
preparation, submission, processing, and compliance of audit
reports. Further, up gradation of server for e-RBIA, dedicated
cells for Cyber crime reporting and surveillance has also been
undertaken. CBS Lab has also been set up at each Zonal Audit
Office & IAD, to bring more effectiveness in control aspect,
through "Remote Audit".
In compliance of directions of RBI, shifting to 3x3 Matrix
has been ensured and all branches were subjected to RBIA
except newly opened branches, where Inspection was not
due during 2011-2012. Under RBIA, branches have been
categorized as Low Risk (3525), Medium Risk (1484) & High
Risk (6). Besides, entire undercharges pertaining to 2010-
11 identified during the course of Revenue Audit stand
recovered during 2011-12. Periodicity of revenue audit is
also changed to calendar year in order to book the income
in same financial year.
As on 31st March 2012, 818 branches/offices were under
concurrent audit, covering 75% of advances, 63% of deposits
and 68% of total business of the Bank, which is in line with
RBI stipulations. Concurrent audit of branches/ offices was
partially outsourced to CA Firms, on approved panel of the
Bank. Conducting FEMA audit of eligible branches was also
ensured. In view of CBS environment, rationalization of
various forms / documents has also been done, to make them
customer friendly.
c. Know Your Customer(KYC)/Anti Money Laundering(AML)
Bank has taken a number of initiatives to be more vigilant
while opening customers' accounts on the basis of the
guidelines issued by RBI/Government of India from time to
time. In order to check opening of fresh accounts without
complying with KYC requirements, Bank has modified the
procedure in the CBS system and the accounts are now being
opened only after complying with KYC norms. The system
generated alerts through AML Software are monitored on
daily basis based on predefined parameters for detecting
transactions of suspicious nature.
The reports like Cash Transaction Reports (CTRs), Counterfeit
Currency Reports (CCRs) and Suspicious Transaction Reports
(STRs) are periodically sent to Financial Intelligence Unit-India
(FIU-IND).
d. Management Audit
The Bank has in place a Risk Based Management Audit (RBMA)
system for conducting management audit of its Administrative
Offices. The audit is based on risk templates and risk profiles
nº|| ¤·i-|| + -|·| n l¤l¤¬ ~|:ºi ¤tn +i ª: t ¤i(-¤i
¤tn| ¤+ t l¤=n ~|- n|:- ¤|lº|n ~|¬|l·- ~|-l·+
nº||¤·i-|| ::~|·¤i~|
| -·|| ·|¤ª¤ nº||¤·i-|| v|·-·| +iª: t ¤| ~|-n|:- ~|l÷º l·¤|º| +| -¤|· +·- vª-- +·-
v|=l=ª ~-¤|n- +|·¤|: +·- n =t|¤+ t :=+ ~l-l·+-
:~|·¤i~|
=¤· +| ~¤ª÷ +· =|:¤· ~¤·|¬ l·¤|lºª -·||l-ª·|-i +-|| + ln( =nl¤ - l+¤| ª¤| t v·¤+ ~-n
nº||¤·i-|| +|¤|n¤ -·|| l-·i-|º| ¤ nº||¤·i-|| t- =i¤i(= n¤
+i ·|i ª·||¤-| +i ª: t l¤=n 'l·n|º ~|l÷º' + n|·¤n =
l-·i-|º| ¤tn¸ n ~|· ~l¬+ v·||¤|·¤|<+-| n|: ¤| =+
·||·-i¤ l·¤¤ ¤+ + l-<z||-=|· ªXª nlº+= n ª·||-|--l·-
t|- +| ~-¤|n- =l-lz-- l+¤| ª¤| t -·|| (=i -: z||º||~|
+| ¤|÷+· l¤-+| l-·i-|º| ¤·| .º¡¡¡. + <|·|- <¤ -ti ·||
=·|i z||º||~| n ¤|lº|n ~|¬|l·- ~|-l·+ nº||¤·i-|| +i ª: t
¤|lº|n ~|¬|l·- ~|-l·+ nº||¤·i-|| + ~--ª- z||º||~| +|
+n ¤|lº|n :ª·.·| n·¤n ¤|lº|n :¡:º:| -·|| --- ¤|lº|n
:·| >lº|¤| n ¤|º| ª¤| t :=+ ~l-l·+- .º¡º¡¡ =
=¤l·|- ·|¤ª¤ nº||¤·i-|| + <|·|- ¤t-|- l+( ª( +n v·||·|
+i ¤=¸ni .º¡¡¡. + <|·|- +i ª: t ·|¤ª¤ nº||¤·i-|| +i
~|¤l¬+-| +| + n-÷· ¤·| +· l<¤| ª¤| t l¤== ~|¤ +|
-=i ¤·| n ¤ti¤z l+¤| ¤| =+
ª¡ n|- .º¡. +| º¡º z||º||(/+|¤|n¤ =ª|ni nº||¤·i-|| +
~¬i- ·| l¤-n ¤+ +| ·· ~lªn ·ª· ¤n| -·|| ·º· +n
+|·|¤|· t ¤| ·||·-i¤ l·¤¤ ¤+ + l<z||l-<z|| + ~-ª¤ t
z||º||~|/+|¤|n¤| +i =ª|ni nº||¤·i-|| +| +|¤ ~|-l·+ ª¤
= ¤+ ,|·| ~-n|l<- =i( ¤·n| = +·¤|¤| ª¤| ¤|·| z||º||~|
+i (¤·: (n( nº||¤·i-|| ·|i =l-lz-- +i ª: =i¤i(= ¤¤| ¤·º|
+| ·¤|- n ·º|- t( l¤l¤¬ ¤·|n|/<ª-|¤¤| +| ¤l+-+·º| +·
--t ª |t+ ln·| ¤-|¤| ª¤| t
n. =¤ª n rr¤ ¤r ¬rfªq (¤ ¤r; =t¸.¤ª rrr ¤ª fª¤rt¤ (qqnq¬¸
·||·-i¤ l·¤¤ ¤ +/·||·- =·+|· ,|·| =n¤=n¤ ¤· ¤|·i
l<z||l-< z|| + ~|¬|· ¤· ª |t+| +| º||-| º|| n- =n¤ ~l·|+
=-+ -| ¤·-- t ( ~- +| +<n -a|( t + ¤|: =i ~¤ -||~| +
~- ¤|n- + l¤-| -( º||- º|| n- ¤· l-¤ ·|º| ·º|- + ln(
¤ + - =i¤i(= vº||ni vl+¤| n ¤l·¤- - l+¤| t -·|| ~¤
º||- + ¤n + ¤|: =i ~- ¤|n- + ¤z-|-¸ ti º|| n ¤|- t
= l<·¬ v+|· + n -< -| +i < l-+ ~|¬|· ¤· n| l-ºl· ª +i
¤|-i t l¤=+ ln( ¤ + - ~·¤|¬ l-+ ((n(n =|+º¤ ¤·
nª|¤| t
-+<i n-<- l·¤|º +|-º·¤·iº +·=i l·¤|º ~|· =l<·¬
n-<- l·¤|º =n¤=n¤ ¤· l¤·-i¤ =-+-| :+|::l÷¤|
¤·~|: ¤¸:÷| +| ·|¤i ¤|-i t rr. ¤¤-¤ª ¬=rr¤tt+rr
¤+ + vz||=l-+ +|¤|n¤| +i v¤-¬- nº||¤·i-|| t- ¤+ n
¤|lº|n ~|¬|l·- v¤-¬- nº||¤·i-|| :~|·¤i(n(| vº||ni t ¤t
nº||¤·i-|| ¤+ n ¤|lº|n º-¤nº¸= -·|| ¤|lº|n v|¤·|:n ¤·
50
prepared in-house to capture risk perceptions inherent in
various areas of functioning of administrative offices including
decision making process, communication system, efficient
resource utilization, means used to achieve the goals etc.
During the year 2011-12, based on approved Annual Audit
Plan, Bank conducted management audit of 65 Circle Offices,
6 Zonal Audit Offices, 3 Training Establishments, 3 Regional
Rural banks, 10 Field General Managers' Offices and 37 HO
Divisions. Audit of three domestic and three overseas
subsidiaries was also conducted during the year.
e. Compliance Division
Bank has appointed a Chief Compliance Officer in the rank of
a Chief General Manager. In pursuance to the compliance
Policy of the Bank, Divisional Compliance Officers, Circle
Compliance Officers, Branch Compliance officers, Compliance
officers at each training centers, ZAOs, Foreign Branches,
subsidiaries etc. have been designated in all Divisions of HO,
Circle offices, branches and other offices. Further, compliance
functions have been identified for all HO Divisions/Circles/
Branches and reporting mechanism has also been established
at various levels for compliance in accordance with the
guidelines of RBI. Compliance testing/mapping review on
various products of the Bank is being carried out on a regular
basis. In order to have better control on compliance risk and
plugging off the leakage in the compliance, if any, compliance
review of each Circle and sensitization of compliance officers
at various levels has also been undertaken.
f. Vigilance
Bank continued its emphasis on vigilance matters and has
recently changed its focus from punitive vigilance to
participative and proactive vigilance. Towards this, many
activities were undertaken during the year.
In order to strengthen the vigilance mechanism, Whistle Blower
Policy as approved by the Board has been placed on Bank's
Website. The policy has been successfully implemented and
inflow has started under this policy. Vigilance Audit has also
been introduced in PNB, under which more than 35 offices
have been covered. Transparency has been brought in the
charge sheets served on employees, which now specify whether
charge sheet is issued in vigilance or non vigilance category.
Similarly, objective formats have been devised for submission
and putting up of 1st and 2nd stage cases for uniform
assessment by Disciplinary Authority, wherever necessary.
For the FY 2011-12, 712 preventive/ proactive vigilance
seminars have taken place in the Bank. Officers have surpassed
such visits for 2011-12 by 69%. Creating vigilance awareness
in Circle Offices has gone up to 167 visits in 2011-12 as against
64 in 2010-11 showing an increase of 160%. Various seminars
~|·||l·- t l¤== vz||=l-+ +|¤| n¤| +i v+|¤| ·n+-| l-º| ¤
n- +i vl+¤| =v·|º| vº||ni <-| = |- -¤¤|ª n-¤ -¤nl·¬
+ ln( v¤+- =|¬- ~|l< z||lnn t + l¤l¤¬ -|·|| n =·||l¤-
¤|lº|n +| l-¤l·|- l+¤| ¤| =+
¤·| .º¡¡¡. + <|·|- ~-n|l<- nº||¤·i-|| ¤|¤-| + ~|¬|·
¤· ¤+ - ·· n÷n +|¤|n¤| · ~|-ln+ nº||¤·i-|| +|¤|n¤|
ª vlz|-|º| ª·||¤-|~| ª -| ·|i¤ ª |niº| ¤ +| ¡º ¤·i-÷ nt|v¤-·|+
+|¤| n¤| -·|| v¬|- +|¤| n¤ + ª v·||ª| +i v¤-¬- n º||¤·i-||
+i ¤·| + <|·|- ª ·|·n¸ -·|| -i- ~|¤·=i¤ ~-·|lª¤| +i
nº||¤·i-|| ·|i +i ª:
z. =ª¤r¬ª ¤+rrn
¤ + - nº¤ nt|v¤-¬+ ª-· + nº¤ ~-¤|n- ~l¬+|·i +i
l-¤l+- +i t ¤+ +i ~-¤|n- -il- + ~-=·º| n v·||ªi¤
~- ¤|n- ~l¬+|l·¤| n ÷n ~- ¤|n- ~l¬+|l·¤| z||º|| ~- ¤|n-
~l¬+|l·¤| v·¤ + vlz|-|º| + -: n ~- ¤|n- ~l¬+|l·¤| ~| -ln+
nº||¤·i-|| +|¤|n¤ l¤<z|i z||º||~| ~-·|lª¤| ~|l< n -·||
v¬|- +|¤|n¤ + =·|i v·||ª| n÷n +|¤|n¤| z||º||~| ~|·
~-¤ +|¤| n¤| n ~-¤|n- ~l¬+|·i ¤<-|ln- l+¤| ª¤| t
:=+ ~l-l·+- v¬|- +|¤|n¤ + =·|i v·||ª|/n÷n|/z||º||~| +
~-¤|n- +|¤| +| l-l<·º l+¤| ª¤| t -·|| ·||·-i¤ l·¤¤ ¤+
+ l<z||l-<z|| + ~-=|· l¤l·|-- ª-·| ¤· ~-¤|n- t- l·¤|lºª
n+l--n ·|i ª·||l¤- l+¤| ª¤| t ¤+ + l¤l·|-- -·¤|<| +
=¤¬ n ~-¤|n- ¤·i-|º|/~|+n- =ni-|| l-¤ln- ~|¬|· ¤·
+i ¤| ·ti t ~-¤|n- ¤|lº|n ¤· ¤t-· l-¤·|º| t- -·||
~-¤|n- n l+=i ·|i v+|· +i +ni +| ¤l< +|: t +| ·|+-
+ ln( v·¤+ n÷n -·|| l¤l¤¬ ª-·| ¤· +|¤·- ~-¤|n-
~l·|+|l·¤| +i =¤<-z|in-| +i =ni-|| +i ¤|-i t
¤. =a¤ar
¤+ - =-+-| n|nn| ¤· ¤n <-| ¤|·i ·º|| t -·|| t|n ti n
~¤-| ·¤|- <÷|·n+ =-+-| = tº|+· =t·||lª-|¤¸º| -·||
=l+¤ =-+-| ¤· l+¤| t := =¤¬ ¤·| + <|·|- n ~-+|
ªl-l¤l¬¤| +i ª: t
=-+-| -·| +| =<· +·- + ln( l-<z|+ n÷n ,|·| ~-n|l<-
l·t=n ·n|~· -il- ¤ + + ¤¤=|:º ¤· -¤n·¬ +·|¤i ª¤i t
-il- +| =¤·n-|¤¸¤ + +|¤| -¤¤- l+¤| ª¤| t -·|| := -il- +
-t- =¸--|( ~|-i ~|··| t| ª: t ¤i(-¤i n =-+-| nº||¤·i-||
·|i ~|··| +i ª: t l¤=+ ~-ª - ª· = ~l¬+ +|¤| n¤| +|
+¤· l+¤| ª¤| t +n-|l·¤| +| l<( ¤|- ¤|n ~|·|¤¤·|| n
¤|·<lz| -| n|: ª: t l¤=n ¤t ª¤·º l+¤| ¤|-| t l+ ~|·|¤
¤·| =-+ -| ~·|¤| ª · =-+ -| l+= >º|i n ¤|·i l+¤| ª¤| t
:=i v+|· ~-z||=l-+ v|l·|+|·i ,|·| ¤·|| ~|¤z¤+-| =nª¤
n¸-¤|+- t- ¤tn -·|| <¸=· -·º| + n|nn| n ¤ª-l- + ln(
¤·|nº +| ¤ª-l-·a ¤-|¤| ª¤| t
l¤·-i¤ ¤·| .º¡¡¡. n ¤+ n ¡. l-¤|·º|/=l+¤ =-+-|
=ln-|·| +| ~|¤|¤- l+¤| ª¤| ¤·| .º¡¡¡. t- ~l¬+|l·¤|
- ·º· = ·|i ~l¬+ =-+-| <|· l+( .º¡¡¡. + <|·|-
n÷n| n =-+-| ¤|ªª+-| n|- + ln( ¡· <|· l+( ª(
¤¤l+ .º¡º¡¡ n ¤ ·: <|· l+( ª( ·| ~·||-¸ :-n ¡·º·
51
on proactive and preventive vigilance have been held in Delhi,
Lucknow, Jaipur, etc. along with CBI, RBI & other outside
agency spreading the message of participative and preventive
vigilance & anti-corruption measures.
Vigilance Awareness Week was held in the Bank from
30.10.2011 to 05.11.2011. A full day seminar was held
on 03.11.2011 at Central Staff College, Delhi with more
than 150 participants. A seminar on Cheque Truncation
System was attended by 17 major banks in Delhi on
14.12.2011, for preventing Cheque Frauds. PNB also
participated in a "Conference of Chief Vigilance Officers'
at Vigyan Bhawan, Delhi organized by Department of
Fi nanci al Servi ces, Mi ni stry of Fi nance. Si mi l arl y a
Conference was organized at Head Office, New Delhi on
28.02.2012 attended by GM/Chief Vigilance Officer of 17
Banks/FIs along with other senior Officials of CBI, Delhi
for fighting the menace of frauds and corruption in the
system. The Conference was held to understand and
develop close liaison between these two pillars of the
financial sector in the country.
17. RIGHT TO INFORMATION ACT
The Right to Information act has been implemented by the Bank.
The relevant information as per the Right to Information Act has
been posted on the Bank's website (www.pnbindia.in). During
2011-12, Bank received 10118 applications, of which 8413
applicants were provided information. While none of the
applications was found ineligible, 1361 applications were found
exempted under the provisions of the Act.
18. IMPLEMENTATION OF OFFICIAL LANGUAGE POLICY
Bank has always been leading in the area of implementation of
Official Language and has achieved most of the targets in all
parameters fixed by Govt. of India, Ministry of Home Affairs,
Department of Official Language for the FY 2011-12. Bank has
completed the work of CBS bilingualisation and is using Unicode
fonts for Hindi correspondence at all levels.
During the year, Bank has been awarded with several prizes for its
excellent performance in the use of Hindi which includes Indira
Gandhi Rajbhasha Shield - a top most prize scheme of Govt. of
India, RBI Rajbhasha Shield and other Regional level prizes of
Ministry of Home Affairs. RBI has declared first prize for our Bank's
in House Magazine "PNB Staff Journal" in the inter-bank bilingual
house magazine competition. In addition, Town Official Language
Implementation Committees situated in different locations of the
country and other Non-Govt. Organisations have also awarded
our Bank offices. Our Bank is successfully convening the Town
Official Language Implementation Committees constituted by Govt.
of India in Delhi, Bharatpur, Kanpur, Chandigarh, Dharamshala,
Sriganganagar, Bulandshahar, Dehradun and Muzaffarnagar.
The third sub-committee of Committee of Parliament on Official
Language visited our Branch Office-Manali on 11th June, 2011
+i ¤lz t: l<-ni nº|-- ¤¤¤· ~|l< n =i¤i~|: ·||·-i¤
l·¤¤ ¤ + -·|| ~-¤ ¤|t·i (¤l=¤| + =|·| lnn+· =l+¤ -·||
l-¤|·+ =-+ -| ¤· =ln-|·| +| ~|¤|¤- l+¤| ª¤| l¤==
=t·||ªi -·|| l-¤|·+ =-+-| -·|| ·|·º|-|· l¤·|·|i -¤|¤| +|
=<z| v-|l·- t~|
¤ + n ªº.¡º..º¡¡ = º·.¡¡..º¡¡ -+ =-+ -| ¤|ªª+-|
=--|t n-|¤| ª¤| ºª.¡¡..º¡¡ +| +-:i¤ ªº|¤· +|n¤ l<-ni
n ¤¸· l<- +| =ln-|· ~|¤|l¤- l+¤| ª¤| l¤=n ¡·º = ·|i
~l¬+ =t·||ªi ·| -+ +|÷ l-¤|·º| ¤· l<-ni n ¡:.¡...º¡¡
+| -+ º+z|- vº||ni ¤· ~|¤|l¤- =ln-|· n ¡ nº¤ ¤+|
- ·||ª ln¤| ¤i(-¤i - l¤·-i¤ =¤|( l¤·||ª l¤·- n·||n¤ ,|·|
l¤a|- ·|¤- l<-ni n ~|¤|l¤- nº¤ =-+ -| ~l¬+|l·¤| +
=-nn- n ·|i ·||ª ln¤| :=i v+|· v¬|- +|¤| n¤ -: l<-ni
n .º.º...º¡. +| +|÷ + º|-·| -·|| vº||ni n ·|·º|-|· l¤·|¤
¤· =-nn- +| ~|¤|¤- l+¤| ª¤| l¤-n ¡ ¤ +|/l¤·-i¤
=ª·||-| + nt|v¤-¬+|/nº¤ =-+-| ~l·|+|l·¤| -·|| =i¤i~|:
l<-ni + ~-¤ ¤l··a ~l¬+|l·¤| + =|·| +|÷ + º|-·| -·||
vº||ni n ·| ·º|-|· + z|n- ¤· l¤-|·l¤nz| l+¤| ª¤| =-nn-
+| ~|¤|¤- <z| + l¤·-i¤ -|·| n :- <| ª--·|| +| =n¤- -·||
l-+º =¤+ l¤+l=- +·- + -ªz¤ = l+¤| ª¤| ·||
+z. =¸ ¤ªr ¤r =f¤¤rt =f¤fª¤n
¤ + ,|·| =¸--| +| ~l¬+|· ~l¬l-¤n +|¤| l-¤- l+¤| ª¤| t =¸--|
+| ~l¬+|· ~l¬l-¤n = =¤z ~¤l-|- =¸--| ¤ + +i ¤¤=|:º
(www. pnbindia.in) ¤· -¤n·¬ +·|¤| ª¤| t ¤·| .º¡¡¡. + <| ·|-
¤+ +| ¡º¡¡º ~|¤<- v|-- t( l¤-n = º:¡ª ~|¤<+| +| =¸--|
-¤n··| +·¤|: ª: +|: ·|i ~|¤<- ~-¤¤+- -ti ¤|¤| ª¤| ~|·
¡ª·¡ ~|¤<-| +| ~l¬l-¤n + v|¤¬|-| + ~-ª- ¤¸º + ln(
-¤¤+- ¤|¤| ª¤|
+s. tr¬+rrrrr ªtfa ¤r ¤r¤r-¤¤ª
¤+ ·|¤·||·|| + +|¤|-¤¤- + -|·| n =<¤ ~ªº|i ·t| t ~|· ·||·-
=·+|· ªt n·||n¤ ·|¤·||·|| l¤·||ª ,|·| l¤·-i¤ ¤·| .º¡¡¡. +
ln( l-¬|l·- =nª- ¤·|niº·| ¤· ~l¬+|z| n-¤| +| v|-- +· ln¤|
t ¤+ - =i¤i(= l,·||·|i+·º| +| +|n ¤¸·| +· ln¤| t -·|| =·|i
ª-·| ¤· lt<i n ¤·||-|· + ln( ¤¸-i+|÷ ¤·|-º +| v¤|ª +· ·t| t
¤·| + <|·|- ¤+ +| lt-<i + v¤|ª t- ~-+| ¤·ª+|· v<|- l+(
ª( t l¤-n :l-<·| ª|¬i ·|¤·||·|| z|i-÷·||·- =·+|· +i =¤|--
¤·ª+|· ¤|¤-| ·||·-i¤ l·¤¤ ¤+ ·|¤·||·|| z|i-÷ -·|| ªt n·||n¤ +
~-¤ -|·|i¤ ª-· + ¤·ª+|· z||lnn t ·||·-i¤ l·¤¤ ¤+ - ~-·¤+
l,·||·|i ªt ¤l·|+| vl-¤|lª-| n tn|· ¤+ +i ªt ¤l·|+| ''¤i(-¤i
ªº|¤· ¤- n'' +| v·|n ¤·ª+|· v<|- l+¤| t :=+ ~l-l·+- <z| +
l¤l·|-- ·||ª| n lª·|- -ª· ·|¤·||·|| +|¤|-¤¤- =lnl-¤| -·|| ~-¤ ª·
=·+|·i =ªa-| ,|·| ·|i tn|· ¤+ +|¤|n¤| +| ¤·ª+- l+¤| ª¤| t
tn|·| ¤+ ·||·- =·+|· ,|·| ªla- -ª· ·|¤·||·|| +|¤|-¤¤- =lnl-¤|
+| l<-ni ·|·-¤· +|-¤· -÷iª· ¬nz||n| >iªª|-ª· ¤n<z|t·
<t·|<¸- -·|| n-¤¤··-ª· n =¤·n-|¤¸¤+ =-|n- +· ·t| t
·|¤·||·|| ¤· ==<i¤ =lnl- +i -i=·i -¤ =lnl- - ¡¡ ¤¸- .º¡¡ +|
tn|· z||º|| +|¤| n¤ n-|ni +| <| ·| l+¤| -·|| ¤ + ,|·| lt<i +
52
and appreciated the efforts made by the Bank for progressive use
of Hindi. Bank celebrated 'Hindi Maah' in the month of September
2011 when various competitions are organised at all India levels in
which staff members participated enthusiastically.
19. PNB'S SUBSIDIARIES & REGIONAL RURAL BANKS
a. PNB HOUSING FINANCE LIMITED (PNBHFL)
During the year, Company has started implementation of new
business transformation project, started in 2010-11 aimed at
making PNBHFL a robust organization in coming years. To
begin with, the Company has rolled out marked to market
credit program, new credit and vendor management policy,
established three hubs for credit underwriting and recruited
specialised manpower from the industry. The remaining portion
of business transformation project will be completed in
FY 2012-13.
During 2011-12 the Company has made fresh sanctions of
`1668 crore, registering 20 % growth and fresh disbursements
of `1508 crore with a YOY 19% growth. The total loans
outstanding as on 31st March 2012 were ` 3970 crore with a
growth of 25% over previous year. The average ticket size
for retail loans sanctioned during 2011-12 was ` 31 lacs.
During the year, deposits have increased by 65% to ` 363
crore.
During 2011-12, company has earned a total income of
`463 crore that has grown by a 27% over previous year. While
Profit before tax stood at ` 103 crore, Profit after Tax was
` 75 crore with Net Interest Margin at 2.80 %. The total net
worth of the Company as on 31st March, 2012 was
`392 crore and the CRAR was 17.77%. The Book Value of
Company's share was `131 and the EPS was `25.06/-.
During the year, the Company laid special emphasis on
reducing delinquencies and as a result, Gross NPAs reduced
from 1.31% in March 2011 to 1.04% in March 2012.
Similarly, Net NPAs reduced from 0.94% to 0.67% of the net
loans outstanding and Provision Coverage Ratio as on 31st
March 2012 was 75%.
b. PNB GILTS LIMITED
Against the above backdrop of tight liquidity conditions
and rising interest rates, PNB Gilts Ltd continued to fulfill
all its obligations as a Primary dealer in both Primary and
Secondary market. Despite significant amount being raised
in Treasury Bills and Cash Management Bills, PNB Gilts Ltd
exceeded the stipulated success ratio of 40%. Due to
significant rise in interest rates in general and short term
rates in particular, company's Net Interest Margin was
affected. However, to minimize the risks in a rising interest
rate environment, company traded aggressively with the
total secondary turnover i ncreasi ng si gni fi cantl y
to ` 2, 08,982 crore from ` 68,745 crore in 2010-11. The
total profit before tax stood at ` 29.64 crore as against
`44.04 crore in 2010-11.
vª|ni v¤|ª + =¤¬ n l+( ¤| ·t v¤|=| +i =·|t-| +i ¤+ -
l=--¤· .º¡¡ +| 'lt-<i n|t' + ª¤ n n-|¤| -·|| := <|·|- ~lº|n
·||·-i¤ ª-· ¤· l¤l¤¬ vl-¤|lª-|~| +| ~|¤|¤- l+¤| ª¤| l¤=n
ªº|¤· =<ª¤| - ¤·-· +· ltª=| ln¤|
+v. ¤tqª¤t ¤t =ªrrnt ¤¤fª¤r =rt +r·rt¤ nrnt¢r ¤¤
¤. ¤tqª¤t rr=f=n ¤·r;ª= f¬fnºz (¤tqª¤tq¤q¤·q¬¸
¤·| + <|·|- +¤-i - .º¡º¡¡ n v|·-·| l+( ª( -( +|·|¤|·
ª¤|-·º| ¤l·¤|¤-| +| +|¤| -¤¤- l+¤| l¤=+| n-¤ t ~|ª|ni
¤·|| n ¤i(-¤i(-(¤·(n +| (+ =<· =ªa- ¤-|-| ~|··| n
+¤-i - n|+÷ º¸ n|+º +º| +|¤+n -( +º| -·|| ¤÷·
v¤-·|- -il- -i- +º| t|ni<|·i t¤ +i ª·||¤-| -·|| -¤|ª =
-: l¤z|·|-| v|-- +n -|l·¤| +i ·|-i +| +|¤ l+¤| t +|·|¤|·
ª¤|-·º| ¤l·¤|¤-| +| z|·| +|¤ l¤·-i¤ ¤·| .º¡.¡ª n ¤¸·|
+· ln¤| ¤|(ª|
.º¡¡¡. + <| ·|- + ¤-i - ª¤( ¡··º +·| ÷ +| -¤ +º|
ª¤i+ - l+( l¤=n .º· +i ¤ lz <¤ t : t -·|| ¤·|| - ¤·| ¡º·
+i ¤ lz + =|·| ª¤( ¡·ºº +·| ÷ +| -¤| = l¤-·º| l+¤| t ª¡
n|- .º¡. -+ + n ¤+|¤| +º| ª¤( ªºº +·| ÷ ·| ¤| l¤¤n
¤·| +i - n-| n .·· ~l¬+ t .º¡¡¡. + <| ·|- ª¤i+ - l·º n
+º| +| ~| =- lº+º ~|+|· ª¤( ª¡ n|º| ·t| ¤·| + <| ·|-
¤n| ··· +i ¤ lz + =|·| ª¤( ª·ª +·| ÷ t| ª:
.º¡¡¡. + <|·|- +¤-i - ª- ¤·| +i -n-| n .· +i ¤lz
+ =|·| +n :·ª +·|÷ ª¤( +i ~|¤ ~l¤ - +i +· ¤¸¤ n|·|
ª¤( ¡ºª +·|÷ ·t| ¤¤l+ +· ¤z-|-¸ ..ºº· + +n ·¤|¤
n|l¤- = ª¤( · +·|÷ ·t| ª¡ n|- .º¡. +| +¤-i +| +n
n¸-¤ ª¤( ªº. +·|÷ -·|| =i~|·(~|· ¡.· ·|| +¤-i +
z|¤· +| ¤ti n¸-¤ ª¤( ¡ª¡ -·|| : ¤i(= ª¤( .·.º· ·t|
¤·| + <|·|- +-¤-i - ~¤-|· n +ni n|- ¤· l¤z|·| ¤n l<¤|
l¤=+ ¤l·º||nª¤ª¤ =+n (-¤i( n|- .º¡¡ + ¡.ª¡· =
·|º+· n|- .º¡. +| ¡.º:· t| ª¤| :=i ¤ +|· l-¤n ¤+|¤|
+º| +i -n-| n l-¤n (-¤i( º.º:· = ·|º+· º.·· t| ª¤|
-·|| ª¡ n|- .º¡. +| ¤|¤¬|- +¤·¤ ~-¤|- ·· ·t|
=r. ¤tqª¤t fnrº f¬fnº z
+÷i -nl-l¬ ¤l·lª·|l-¤| -·|| ¤·-i t: ·¤|¤ <·| +i ¤·a ·|¸ln
n ¤i(-¤i lª-º= ln. - nº¤ (¤ ª|º| ¤|¤|· n v|:n·i ÷in·
+ ª¤ n ~¤-i <|l¤·¤| +| ¤¸·| l+¤| º¤·i l¤n -·|| -+<i
¤¤¬- l¤n| n ¤¤|-- ·|lz| ¤·- + ¤|¤¤¸< ·|i ¤i(-¤i lª-º=
- :º· + l¤l-l<·º =¤·n-| ~-¤|- +| ¤|· l+¤| =|n|-¤ -|·
¤· ·¤|¤ <·| -·|| l¤z|·|-· ~-¤|¤l¬ ·¤|¤ <·| n nt·¤¤¸º|
¤lz + +|·º| +¤-i +| +n ·¤|¤ n|l¤ - v·||l¤- t~| -·||l¤
¤·-i t: ·¤|¤ <·| + ¤l·¤z| n ¤|lº|n +| -¤¸--n +·- +
ln( +¤-i - -·=|t¤¸¤+ ·¤|¤|· l+¤| l¤== ª|º| º-~|¤·
.º¡º¡¡ + ª¤( ·º:· = ¤·+· ª¤( .ºººº. t| ª¤|
+· ¤¸¤ +n n|·| ª¤( .º.·: +·|÷ ·t| ¤¤l+ .º¡º¡¡ n
¤t ª¤( ::.º: +·|÷ ·||
53
c. PUNJAB NATIONAL BANK (INTERNATIONAL) LIMITED
(PNBIL)
During the year 2011-12, PNBIL added one more branch
at Wolverhampton, to take the total number of branches
to seven. Deposits increased from $654.66 million to
$ 857.26 million, thus recording growth of 30.95%. As a
result of major focus on increasing the retail base, the number
of accounts has gone up from 28135 to 36310. During the
same period, advances have gone up from $ 705.36 million
to $ 883.76 million. Thus total business has gone up from
$1360 million as on 31st March 2011 to $ 1741 million as on
31.03.2012, registering a growth of 28%. Operating profit
has gone up from $10.78 million to $ 15.95 million, registering
growth of 47.96%.
Bank's strength is on account of its clear strategic plan and
well identified retail customer base for penetrating the Indian
sub sector of the UK market with potential for money transfers
and related non-interest income. Strategic integration, parental
support, niche positioning and competitive advantage in its
targeted customer base are the key advantages the Bank is
enjoying in UK. In the ongoing financial market conditions,
where depositors are eager to spread the risk by covering
their deposit under Financial Compensation Scheme, PNBIL is
offering one such alternative.
Bank has in place it's well defined and clearly laid down policies
on Risk Management, Audit and Compliance. It has its own
dedicated dealing room at London and a back office in India.
Bank is complying with all regulatory and capital adequacy
guidelines of Financial Services Authority of UK.
d. PUNJAB NATIONAL BANK INVESTMENT SERVICES
LIMITED (PNBISL)
To improve our share of income in various fee based activities
relating to the Capital Market, Project Appraisal, Loan
Syndication and Security trustee business, Bank had set up
100 percent owned subsidiary named as PNB Investment
Services Limited (PNBISL) in the financial year 2009-10.
PNBISL offers a basket of financial services such as Merchant
Banking, Debt/Loan syndication, Project Appraisal, Financial
restructuring, Security/Debenture trustee services and
advisory to SME. Keeping in view the current market scenario
and recent development, PNBISL has increased its focus on
CDR assignments and has already set up specialized cells at
Delhi and Mumbai. PNBISL has also started its two
representative offices at Kolkata and Chennai and also
planning to set up its representative office in Ahmedabad
and Hyderabad shortly.
e. REGIONAL RURAL BANKS
At present, six RRBs are sponsored by our Bank which are
operating in six States, namely, Bihar, Haryana, Himachal
n. ¤ ¬r ¤ ª rr ª¬ ¤ ¤ (;- ºt ª rr ª¬¸ f ¬f nº z
(¤tqª¤t=r; q¬¸
¤·| .º¡¡¡. n ¤i(-¤i ~|: (n - ¤|-¤·t-¤º- n (+ ~| ·
z||º|| º|| ni := v+|· :- z||º||~| +i = º¤| t| ª: ¤n|·|lz|¤|
··:.·· lnln¤- ÷|n· = ¤· +· º·..· lnln¤- ÷|n· t| ª:
:= v+|· :-n ªº.º·· +i ¤ lz t : l·º n ~|·||· n ¤ lz ¤·
vn º| ª¤ = ¤·| += t| - + ¤l·º||nª¤ª¤ º||-| +i = º¤| .º¡ª·
= ¤· +· ª·ª¡º t| ª: :=i ~¤l¬ n ~lª n º·.ª· lnln¤-
÷|n· = ¤· +· ººª.· lnln¤- ÷|n· t| ª( := v+|· +|·| ¤|·
ª¡ n|- .º¡¡ + ¡ª·º lnln¤- ÷|n· = ¤· +· ª¡ºª.º¡.
+| ¡:¡ lnln¤- ÷|n· t| ª¤| l¤== .º· +i ¤ lz <¤ t:
¤l·-|n- n|·| ¡º.º lnln¤- ÷|n· = ¤· +· ¡·.º· lnln¤-
÷|n· t| ª¤| := v+|· :.º·· +i ¤ lz <¤ t:
¤¸ + ¤|¤|· + ·||·-i¤ -¤ -| ·| n v¤ z| + ln( ¤ + +i
= < · -| -=+i ª¤·º ·º|-il- ¤| ¤-| ~| · = ¤l··||l·|- l·º n
ª |t+ ~|¬|· + +|·º| t l¤=n ¬- ~ -·º|| ~| · ª · ·¤|¤
~|¤ = = ¤ l¬- = ·||¤-|( t ¤¸ + n nl-|- ª |t+ ~|¬|· +|
-il-ª- (+i+·º| ¤ - + =n·| - -¤¤ +- =-n|- -·||
vl-ª¤·|| ·n+ n|·| ¤ + +| v|-- t ªl-n|- l¤·-i¤ ¤|¤|·
¤l·lª·|l-¤| n ¤t| ¤n|+-| l¤·-i¤ -|l-¤¸ l- ¤| ¤-| + ~ -ª -
~¤-i ¤n| + ¤| lº|n +| +n +·- +| :-¤ + t ¤i(-¤i~|: (n
( = l¤+-¤ v<|- +· ·t| t
¤+ +i ¤|lº|n v¤-¬- nº||¤·i-|| ~|· ~-¤|n- ¤· =¤l··||l·|-
~|· ª¤·º l-¬|l·- ¤|lnl=¤| t -=+| n<- n ~¤-| ¤¸º|
=nl¤- ÷ilnª ªn -·|| ·||·- n (+ ¤+ ~|l¤·= t ¤+ ¤¸+
+ l¤·-i¤ =¤|( v|l¬+|· + =nª- l-¤|n+ -·|| ¤¸¤i ¤¤| ---|
l<z||l-<z|| +| ¤|n- +· ·t| t
rr. ¤ ¬r¤ ª rrª¬ ¤ ¤ fª¤ rr = ¤rq f¬fnº z (¤tqª¤t=r; q=q¬¸
+|·|¤|· +i l¤l¤¬ z|-+ ~|¬|l·- ªl-l¤l¬¤| ¤= ¤¸¤i ¤|¤|·
¤l·¤|¤-| n¸-¤|+- +|·|¤|· = =¤l¬- +º| =n¸t- -·|| vl-·|¸l-
-¤|=i +|·|¤|· n ~¤-i ltª=<|·i +| ¤·|- + -ªz¤ = ¤+ -
l¤·-i¤ ¤·| .ººº¡º n ¤i(-¤i l-¤z| =¤| lnlnº÷ -|n =
¡ºº vl-z|- l-¤i =t|¤+ +¤-i º||ni t
¤i(-¤i ~|
=(n l¤l·|-- l¤·-i¤ =¤|( ¤= n--º ¤l+ª+º|/+º| =n¸ t- ¤l·¤| ¤-| n¸ -¤| +- l¤·-i¤ ¤ -ª a-
vl-·|¸l-/l÷¤-· -¤|=i =¤|( -·|| (=(n: + ¤·|nz|<|-| =¤¬i
=¤|( -¤n·¬ +·|-| t -|n¸ ¤|¤|· ¤l·<z¤ -·|| t|n +i
ªl-l¤l¬¤| +| ·¤|- n ·º|- t( ¤i(-¤i~|
=(n - ~¤-|=i÷i~|· =n-<z|- ¤· ~¤-| ¤·|+= ¤·|¤| t -·|| l<-ni -·||
n-¤: n ¤tn ti (+ l¤z|·|-| v|-- +-| +i ª·||¤-| +i t
¤i(-¤i~|: (=(n - +| n+|-| -·|| - --: n <| vl-l-l¬ +|¤| n¤
~|··| l+( t -·|| z|i·| ti ~tn<|¤|< (¤ t<·|¤|< n vl-l-l·|
+|¤| n¤| +i ª·||¤-| +i ¤|¤-| ·|i ¤-| ·t| t
z. +r·rt¤ nrnt¢r ¤¤
¤- n|- n tn|· ¤ + ,|·| v|¤| l¤- · -| ·|i¤ ª |niº| ¤+ t ¤| · ·|-¤|
¤·|| l¤t|· tl·¤|º|| ltn|-n v< z| ¤ ¤|¤ ·|¤ª·||- -·|| -·-·v< z|
54
+ ª l¤n| n ¡·º z||º||~| + - º¤+ + n|·¤n = +¤· +·-
t
:- -|·|i¤ ª|niº| ¤+| +i -+-| ¤¸¤i ª¤( ....ª. +·|÷ t
l¤=n +-: =·+|· ·|-¤ =·+|· -·|| ¤i(-¤i +| ~z|<|- t ¤|
+nz|· ·º·¡··ª· + ~-¤|- n t ¤¸¤i n tn|· ¤+ +|
~z|<|- ª¤( .º¡ +·|÷ t tn|· -|·|i¤ ª|niº| ¤+| +|
=|n¸lt+ l-¤n n¸-¤ n|- .º¡¡ + ª¤( ¡ª¡..·¡ +·|÷ =
¤·+· n|- .º¡. +| ª¤( ¡:ºª.· +·|÷ t| ª¤|
¤·| + <|·|- =nª- -|·|i¤ ª|niº| ¤+| +| +n +|·|¤|· ª¤(
.·.º· +·|÷ = ¤·+· ª¤( .ºº¡º +·|÷ :~|:¤i¤i=i +|
l-+|n +·| t| ª¤| ¤| ª¤( .·.ª +·|÷ :º.·º·| +i ¤lz
<z|| -| t ª¡ºª.º¡. +| +n ¤n| ·|lz| -·|| +n ~lª n
+nz|· ª¤( ¡º¡.º +·|÷ :¤·| <· ¤·| º.¡º·| -·|| ª¤(
¡º·ºº +·|÷ :¤·| <· ¤·| ¡º.ª¡·| ·t|
ª¡.ºª..º¡. +| -| ·|i¤ ª |niº| ¤ +| +| l-¤n n|·| ª¤(
¡ºº.·· +·|÷ ·t| ~¤l¬ + <|·|- -|·|i¤ ª|niº| ¤+| +| +n
(-¤i( ª¤( ª·:..º +·|÷ t| ª¤| ¤·| + <|·|- -|·|i¤ ª|niº|
¤+| ,|·| ¡.: z||º||( º||ni ª: l¤== z||º||~| +| +n
-º¤+ ¡·º :=¤ ¤¸¤i ª|niº| ¤+ ,|·| º||ni ª: .. ~-º|
n·| z||º||~| =lt-| z||º||( t| ª¤i =·|i -|·|i¤ ª|niº| ¤+|
+| =i¤i(= = ¤|÷ l<¤| ª¤| t
¤·| + <|·|- tn|· ¤+ ,|·| v|¤|l¤- -|·|i¤ ª|niº| ¤+| ,|·|
l¤-|i¤ =n|¤z|- + ~-ª- .º: ª|¤| +| +¤· l+¤| ª¤| t
:=+ ~l-l·+- =·|i -|·|i¤ ª|niº| ¤+ ª¤|¤n-¤- ¤|¤-| +
~ -ª - ¤ z|- l-l¬ l¤l-¤|n+ (¤ l¤+|= v|l¬+·º|
:¤i(¤·~|·÷i(| = '(ªiªº·' + ª¤ n ¤¤i+·º| + ln(
~ª=· t =·|i -|·|i¤ ª|niº| ¤+| - =¸--| +--¤¸º· v|¤|lª+i
:~|: =iºi| ~|¬|l·- l¤·-i¤ =n|¤z|- +|¤ +n +| +|¤| -¤¤-
l+¤| t -|·|i¤ ª|niº| ¤+| - (-~|·:/(-~|·~| º||- º||n-|
·|i ~|··| +· l<¤| t =·|i -|·|i¤ ª|niº| ¤+| n (-
¤·ºi=l¤¬| ·|i ~|··| +· <i ª: t ¤i(-¤i (ºi(n ¤· -|·|i¤ ª|niº|
¤ + + ª |t+| + ln( (ºi(n ¤l·-|n- +|¤ =¤·n-|¤¸¤ +
v|··| l+¤| ª¤| t -·|| (ºi(n +|÷ +i =l¤¬| =·|i -|·|i¤
ª|niº| ¤+| + ª|t+| +| z|i·| ti -·º|¤z ª¤ = -¤n·¬
+·|¤i ¤|(ªi
zo. ¤¤ ¤r ¤rta =¤rz q¤ ¤tt¤rt
¤·| + <|·|- ¤+ +| -=+ +|¤l-·¤|<- ~|· ¤tn| + ln( ~-+
¤·ª+|· v|-- t( l¤-n = +¤ -i- l<( ¤| ·t t ·
• l¤¤-= :l÷¤| ,|·| =¤>·a ¤+ ~¤|÷ .º¡¡
• l¤¤- = ¤-÷ ¤i÷·-¤¸ =i ,|·| =¤ > ·a =|n|l¤+ --|·<|¤i ¤ + .º¡¡
• (¤·~|: =i=i~|: ·||.¤ .= . ,|·| =nª =¤| l¬|+ -·¤|<+ ¤ + ~¤|÷
• :ªºiº¸¤¸º ~|¤· ÷|¤·+º= :~|: ~|÷i| ,|·| ª|-÷- ¤i+|+ - z|-n
ºl-ª ~¤|÷ .º¡¡
• ¤-÷ (-~|·÷i +|ª= ,|·| =¤|-|n =nª l-ªln- =|n|l¤+
--|·<|l¤·¤ ¤·ª+|·
Pradesh, Punjab, Rajasthan and Uttar Pradesh covering 73
districts with a network of 1607 branches.
The aggregate paid-up capital of these RRBs is `222.32 crore
contributed by Central Government, State Governments
and PNB, in the ratio of 50 : 15 : 35 respectively. Our
Bank's contribution toward capital is `77.81 crore. The
combined net worth of our RRBs has improved from
` 1312.61 Crore as on March 2011 to ` 1493.75 crore in
March 2012.
During the year the aggregate business of all RRBs increased
from ` 26295 crore to `28818.crore (excluding IBPC) showing
a growth of ` 2523 crore (9.60 %). The aggregate deposits
and aggregate advances as on 31.03.2012 stood at
`18128 crore (YoY 9.18 %) and `10690 crore (YoY 10.31%),
respectively.
The aggregate Net profit (after Tax) of the RRBs as on
31.03.2012 stood at ` 180.56 crore. The gross NPA of the
RRBs is ` 364.20 crore during the period. During the year,
124 new branches have been opened by RRBs, taking the
total network of Branches to 1607 (including 22 Ultra small
branches opened by Sarva UP Gramin). All the RRBs have
been brought on CBS platform.
The RRBs sponsored by our Bank has covered 2074 villages
under Financial Inclusion Plan during the year. Further, all the
RRBs have moved for registration as "Aggregator" with Pension
Fund Regulatory & Development Authority (PFRDA) under
Swabalamban Scheme. All the RRBs have implemented
Information Computer Technology (ICT) based financial
inclusion program. RRBs have also started opening of NRE/
NRO accounts. The facility of NEFT has also been started in
all the RRBs. Pilot run of operations of ATM cards of RRB's
customer at PNB's ATMs has been successfully carried out
and the facility of ATM cards will shortly be available to
customers of all RRBs in a phased manner.
20. AWARDS AND ACCOLADES CONFERRED ON THE BANK
During the year, in recognition of its performance and initiatives,
Bank received various awards, some of which are:
• Best Bank Award 2011 by Business India
• Best Socially Responsive Bank 2011 by Business World - PwC
• Overall Most Productive Bank Award 2011 by FICCI IBA
• Golden Peacock National Training Award 2011 by Institute of
Directors.
• Best in Corporate Social Responsibility Overall by World HRD
Congress.
55
• ¤-ln·| l·+z|| ¤|¤-| t- ª+|- l¤-|i¤ =n|¤z|- ~¤|÷ .º¡.
• <l-+ ·||ª+· ,|·| ÷ni-¤¸¤ (-|lnl== + =|·| ¤·| .º¡¡ t-
l-ªln- =|n|l¤+ --|·<|l¤·¤ :=i(=~|·| n :l÷¤| v|:÷ ~¤|÷
• l¤-|i¤ ¤·| .º¡¡ + ln( (n=i(+= ~| · =i(-¤i=i ºi¤i ¡º
,|·| =ª·||l¤- =i(-¤i=i ºi¤i ¡º :l÷¤| ¤ªº ¤+¸= (º÷
¤·|:-l=¤n :-ºiº¸¤¸z|- ~¤|÷
• (lz|¤| ¤=l¤·+ (-~|·(n +|ª = ,|·| ~|ª -|:¤z|- l¤< :-|¤lº¤
(-~|· vl+º=i= +i >º|i n ·n|¤n (-~|· (+=in= ~¤|÷
• (=(n: l¤·-¤|·|º| + ln( ¤·| .º¡º¡¡ t- <| ·|·ºi¤ ~¤|÷
o v¬|-n·|i ·|¤ª|· =¤- +|¤ +n :¤i(n: ¤i¤i| ¤|¤-| +
~-ª- --|·i ~-n n l¤-|¤|·|º| t-
o ~lº|n ·||·-i¤ ª-· ¤· º||<i (¤ ª |n| ¤| ª ~|¤| ª
:+¤i~|:=i| n ·¤|¤ =l·=÷i ¤|¤-| n l¤-|¤|·|º| t-
• ¤l+ª v|¤|lª+ n l¤+|= (¤ ~-=¬|- =ª·||- ,|·| ''~|:ºi
¤·|· :º·-z|-n :¤·l+º¤-='' t- ¤÷ ¤+| + ¤i- =¤>·a ¤+
~¤|÷
• :ªºiº¸¤¸º ~|¤· ÷|¤·+º= ,|·| n|-¤ ==|¬- -·+·º-| + ln(
ª|-÷- ¤i+|+ ~¤|÷
• (--n|¤· ¤|÷ ~¤|÷¸= -·|| ¤-÷ (-~|·÷i +|ª= ,|·| vlz|-|º|
n -·+·º-| ~¤|÷
z+. =rnrnt ¤rr
=¤=t
¤lz¤+ ~·|·¤¤ª·|| +i ¬ini ªl- +i ¤·a·|¸ln n ·||·-i¤ ~·|·¤¤ª·||
n =+n ·|· n¸ -·¤|< ¤ lz <· l¤+l=- ~·| ·¤¤ª·||~| +i - n-| n
~l¬+ t n-¤i ~¤l¬ n ·||·- n ¤ l+ ª ¤ º||ni ·|l¤·¤ n ~|-
¤|n ~= º¤ ~¤=·| +| n|·| -a| =+-i t ¤ l+ ª -| ·| + ln(
~l·|+ ¤-=| lº¤+i¤ n|·|| z| ¤· - n·¤n ¤ª ~|ª|ni ¤i· i +
¤ | ¤| lª+i = ¤i ª |t+| -·|| --- l-¤n n¸ -¤ + (+n ·¤l+-¤|
~|l< + +|·º| ¤· -i t : l·º n n| ª <· +| < º|- t ( ~= º¤ ~¤=·
=|n- ~|( ª
:= =¤¬ n ·||·- + ¤·- t( l·ºn ª|t+ ~|¬|· - ¤+| +| -·¤|<|
+ ¤l-l¤+¤ -·|| ~¤=lnª t- ~¤=· ¤<|- l+( t tn|· ¤+ +|
¤n| =ªtº| t- ··ºº = ·|i ~l¬+ z||º||~| +| -º¤+ t l¤-n =
·º· = ~l¬+ z||º||( ª|niº|/~zz|t·i -|·|| n t ¤| :- -|·|| n
·t- ¤|n n|ª| +i ¤-- +i ~|<-| +| ÷|n ·ti t ¤ + (=(n: ¤lz
+| :¤- +l·|~ªª|ni -·|| l¤¤÷| =¤|¤- -·|| lz|-||¤|lz+ ¤¸¤i
+| ¤·|¤| <-| +| l¤·-¤|·|º| n ·|i v-· =·||¤-|( <º|-| t :=+
ln( ¤ + ¤tn ti -ªz¤z|in-| +| ¤·|¤| <- + ln( =i¤iºi(=(n:
+ ~-ª- l¤-| =¤|lz¤+/ª|·ºi + +º| -¤n·¬ +·|- +| v|·=|lt-
+· ·t| t -·|| ¤t< -|·| t- l¤z|·| ª¤ = ¤|¤-|( -¤|· +· ·t| t
ª|niº| ·||·- ~|ª|ni ¤lz +| l-|l-¤ t l¤=n z|t·i ·||·- +i ~¤-||
~l¬+ ~¤=· t l¤·-i¤ =n|¤z|- nª·|ª :º· -- ·||·-i¤| + ¤|=
~·|-|n-| ¤|·¤ +|·|¤|·i ~¤=· t l¤-+ ¤|= ~|¤-|l·+ l¤·-i¤
• SKOCH Financial Inclusion Award - 2012 for its Jana Mitra
Rickshaw Scheme
• India Prides Award in Corporate Social Responsibility (CSR)
for the year 2011 by Dainik Bhaskar with Daily News Analysis.
• Editorial Board Roll of Honour by CNBC TV18 India Best Banks
and Financial Institutions Awards for FY'11 instituted by MCX
and CNBC-TV18.
• Global HR Excellence Award under the category "Organisation
with Innovative HR Practices" by ASIA PACIFIC HRM
CONGRESS.
• Two National Awards for the year 2010-11 for SME financing:
o For lending under Prime Minister' s Employment
Generation Programme (PMEGP) Scheme in North Zone.
o For lending in Khadi & Village Industry Commission
(KVIC) Interest Subsidy Scheme on All India Level.
• Best Bank Award among Large Banks for "IT for Internal
Effectiveness" by Institute for Development and Research in
Banking Technology (IDBRT).
• Golden Peacock Award for HR Excellence 2011 by Institute
of Directors.
• Award for Excellence in Training by Employer Brand Awards
& World HRD Congress.
21. THE YEAR AHEAD
Opportunities
In the backdrop of the Global economic slowdown, Indian
economy still has higher GDP growth rate vis-à-vis the developed
economies. In the long run, banking system in India can look
forward to enormous opportunities that lie ahead. There will be
vast opportunities for the Banking sector in the form of increasing
retail demand propelled by huge demographic dividend, rising
middle class, tech savvy next generation customers, high net worth
individuals etc.
In this regard, India's growing retail customer base provides
opportunities to the Banks for cross - selling and up-selling of
products. Our Bank has a net work of more than 5600 branches
for mobilization of deposits with more than 60% of branches in
rural and semi urban area which are catering to the savings habits
of the people of these areas. Bank also sees ample opportunities in
financing the SMEs - the engine of growth, Agriculture - provider
of both forward & backward linkages and education - boosting the
intellectual capital. Towards this, Bank is already encouraging
entrepreneurship by providing loans without collateral/guarantee
under CGTMSE and devising schemes specifically focused on this
vital sector.
Rural India is the next growth horizon with an opportunity much
larger than the size of urban India. Financial Inclusion is a viable
business opportunity with about 40% of Indians lacking access
56
even to the simplest kind of formal financial services. Great
opportunity lies for the Bank to expand business with over
60% of population outside the banking service net. PNB is
determined to introduce innovative cost effective delivery channels,
especially leveraging its advanced technology initiatives.
Being the first public sector bank to implement technology like
CBS, internet banking, utility services, network operating centre
etc, Bank has an edge over its competitors. With advanced IT
infrastructure, Bank would further leverage IT for launching new
tailor made products & services with specific focus on various
customer segments and attracting new generation customers.
Bank has devised schemes which are especially designed for various
segments of customers and provide avenues for lucrative long stable
deposits. For urban and metro customers, we have special products
with attractive rate of interest, which takes care of the savings of
middle income group and customers.
Challenges
In this competitive environment, Banks would have to compete
not with banks alone but with supermarkets that have started
offering financial products. Thus efficiencies need to be improved.
We need to offer products and services as per the needs of the
customer.
Impact of global slowdown on credit growth and delinquencies is
visible. Delinquencies in certain segments need to be addressed at
industry level urgently. While the fundamentals of banks are getting
strengthened, it is imperative that the focus on asset quality remains
strong. Banks need to avail of all available means towards
management and swift resolution of NPAs.
With requirements of Basel III, banks would be facing challenges
in raising additional capital for meeting the financing needs of the
economy. As achieving allocational efficiency of the banking system
is strongly dependent on the capital strength of the banks, they
will be facing the challenge of growing their business due to capital
constraints.
While Banks have significantly invested in technology, the return
on investment is yet to be realized. Banks need to move up in the
technology value chain and offer value-added services. They need
to ensure that they provide consistent banking experience to
customers irrespective of the channel used.
Risks and Concerns
Banks have to be cautious in exercising judgment in terms of risk
assessment and credit quality assessment and then make a decision.
PNB with a robust risk management system has shown utmost
resilience and improved its credit quality. Bank will continue to
remain proactive in the emerging dynamic financial situation and
will strive to maintain the leadership position.
=¤|~| +| =·n-n -·i+| ·|i -¤n·¬ -ti t ¤l+ª -º = ¤|t·
·º· ¤-=º¤| -+ ¤t-- + ln( ¤ + + ¤|= ~·¤l¬+ ~¤=·
l¤¤n|- t ¤i(-¤i ~|¬l-+ v|¤|lª+i ¤tn| + n|·¤n = -¤|-n·|i
l+¤·|¤-i l÷ni¤·i - -n n|- + ln( +- =+-¤ t
=i¤i(= :-º·-º ¤l+ª -¤¤|lª-| =¤|( -º¤+ ~|¤·z|- =-º·
~|l< ¤=i ¤|¤|lª+i + +|¤|-¤¤- = ¤tn| =·+|·i -|·| +| ¤+ t|-
+ +|·º| ¤+ ~¤- ¤l-ª¤l¬¤| = +ti ~|ª t -¤i--n ~|:ºi
=·--| = ¤+ + -( ·÷in÷ -·¤|< -·|| =¤|( l¤l¤¬ ª|t+ º|÷|
-·|| -: ¤i·i + ª|t+| +| ~|+l·|- +·- t- n|- l+( t
-·||l¤ ¤+·| +| l-º|¤ n- =n¤ ¤|lº|n n¸-¤|+- -·|| +º| ªº|¤·-|
n¸-¤|+- + vl- =|¤¬|- ·t- t( l-º|¤ n-| t|ª| ¤i(-¤i + ¤|=
(+ =<· ¤|lº|n vº||ni t l¤=- v·||¤z||ni v<z|- l+¤| t -·||
+º| +i ªº|¤·-| n =¬|· ~|¤| t ¤+ -·|·-i t: v·||¤z||ni
¤l·lª·|l-¤| n =-- =l+¤ ·tª| -·|| nº¤ --·¤ + ª·||- +| ¤-|(
·º|- + ln( v¤|= ¤|·i ·º|ª|
¤ªrfa¤r
~|¤ + vl-ª¤¬|·n+ ¤|-|¤·º| n ¤+ +| - +¤n ~|¤=i vl-¤|lª-|
= ª¤·-| t ~l¤- =¤· n|+º = ·|i +÷i º++· n-i t l¤-t|-
l¤·-i¤ -·¤|< =¤|( <-| ~|··| +· l<¤| t ~-· tn <-|-| +| ¤·|-|
t|ª| tn ª|t+ +i ~|¤z¤+-|~| + ~-ª¤ -·¤|< -·|| =¤|( v<|-
+·-i t|ªi
¤ lz¤+ n <i +| v·||¤ +º| ¤ lz -·|| ~|¬|· ¤· ¤ ·¤-| l<º||: ¤÷ -| t
+¤ = ªn ºº n ÷ilnl+¤=i¤ +| ~| ¤| lª+ ª-· ¤· ~l-z|i·| l-¤º-|
~|¤z¤+ t ¤ =|l+ ¤ +| + n¸ n·|¸ - l=z| - =z|+- t| ·t t ¤t
~|¤z¤+ t l+ ~|lª- ª º|¤·-| +| ·|i = < · ·º|| ¤|( ¤ +| + ln(
=·|i -¤n·¬ =|·|-| = (-¤i( v¤-¬- -·|| z|i·| =n|¬|- ~|¤z¤+ t
¤ l=n III +i ~¤-||~| + =|·| ¤+| +| ~·|·¤¤ª·|| +i l¤·- ¤|·|º|
=¤¬i ~|¤z¤+-|~| +| ¤¸·| +·- + ln( ~l-l·+- ¤¸¤i ¤º|- +i
--|-i +| =|n-| +·-| t|ª| ¤+| +i ¤¸¤i =<·-| ¤· ¤l+ª vº||ni
+i ~|¤lº- +z|n-| v|-- +·-| ~|¬|l·- t -·|| ¤+ ¤¸¤i ¤|·¤-|~|
+ +|·º| --+ +|·|¤|· n --|l-¤| +| =|n-| +·ª
¤ =|l+ ¤ +| - v| ¤| lª+i n l¤z| ·| ª¤ = l-¤ z| l+¤| t l+-- -= l-¤ z|
+| vl-n|·| lnn-| z| ·| t ¤ +| +| v| ¤| lª+i n¸ -¤ > º|n| +i ~| · ¤· -
-·|| n¸ -¤¤l¬ - = ¤|( v<|- +·- +i ~|¤z¤+-| t --+ ln( ¤t
= l-lz-- +·-| ~|¤z¤+ t l+ ¤ ª |t+| +| ¤ l+ ª +| = = ª- ~- ·|¤
-¤n·¬ +·¤|( -=+ ln( -|t +| : ·|i - -n v¤| ª n n|¤| ¤|(
¬rf=rn ¤ f¤arq
¤+| +| ¤|lº|n l-¬|·º| ~|· +º| ªº|-| l-¬|·º| + =¤¬ n l-º|¤
n- + ln( =|¤¬|- ·t-| t|ª| ~|· -=+ ¤|< l-º|¤ n-| t ¤i(-¤i
- ~¤-i n¤¤¸- ¤|lº|n ¤¤-¬- ¤º||ni + =|·| ~¤-i +º| ªº|¤-||
n ¤¸º| ·l=n= ~|· =¬|· <z||¤| t ¤+ -·|·-i ªl-z|in l¤-|i¤
lª·|l- n ~ª=l+¤ ¤-| ·tª| ~|· --·¤ lª·|l- +| ¤-|¤ ·º|-| t|ª|
57
As the second largest bank in the country, PNB recognizes the
challenges and risks and is fully prepared to proactively address
them. Bank has put in place a well articulated risk management
system to protect asset quality and improve earnings.
While technology brings about efficiencies in service delivery, it
also unsettles business processes, propels competitive forces and
leads to innovation. Use of technology also would require re-skilling
of employees. Management of discontinuity and change pose risks
which banks need to address.
Bank's strategy to ensure channel integration is aimed at reaping
the benefits of technology and providing cost-effective, secure and
convenient banking solutions. Innovative product offerings are
aimed at moving up the value chain facilitating customer acquisition
and topline growth. At the same time, the Bank is sharply focused
on maintaining and improving its bottom line by seeking
opportunities for revenue maximization while keeping costs under
strict control.
Bank has initiated 'Organizational Transformation and Business
Excellence Programme'–'PNB PRAGATI'. The programme is
comprehensively based upon 'Three Pillars' i.e. 'Human Resources',
'Operational Excellence' and 'New Business Initiatives'. The scope
of work is designed to create capacity and fresh energy to meet
the requirements as they emerge in the coming years.
¤¤l¤ v|¤|lª+i =¤| v<|- +·- n +z|n-| n|-i t ¤·-- ¤t
+|·|¤|· vl+¤|~| +| ·|i ~lª·|· +·-i t vl-¤|ªi ¤n| +| -n|-i
t ~|· -¤|-n·| +i ~|· ·|i n ¤|-i t v|¤|lª+i + v¤|ª n
+n-|l·¤| +| ¤-· l-¤º| ¤-|-| ·|i ~¤l-|- t ·¤l-+n ~|· ¤l·¤--
+ v¤-¬- n ¤|lº|n t l¤= ¤+| +| <¸· +·- +i ~|¤z¤+-| t
<z| + <¸=· =¤= ¤÷ ¤+ + ª¤ n ¤¤|¤ -z|-n ¤+ -+-
--|l-¤| ~|· ¤|lº|n| +| ¤t-|--| t ~|· --t <¸· +·- + ln( ¤¸·i
-·t -¤|· t ¤+ - ~|lª- ªº|¤·-| +i =·-|| (¤ ~l¤- ~|¤ n
=·||· n|- + ln( (+ ª¤·º ¤|lº|n v¤-¬- vº||ni ª·||l¤- +i t
- -n (+i+·º| =l-lz-- +·- +i ¤ + +i +º| -il- +| -ªz¤
v|¤|lª+i +| n|·| -a|-| ~|· n|ª- v·||¤i =·l-|- ~|· =l¤¬|¤-+
¤l+ª =n|¬|- v<|- +·-| t -¤|-n·| -·¤|< vª-|¤| +| n-¤ n¸-¤
>º|n| =l¤¬| ¤+- ª|t+ ~¤- ~|· --- >º|i +i ~|· ¤·-| t
=|·| ti ¤+ +| ¤·|+= n|ª-| +| +÷ l-¤·|º| n ·º|- t( ·|¤ª¤|
+| ~l¬+-n ¤·|- + ln( ~¤=· +| n|·| -a|+· ~¤- ~|¬|· +|
¤-|( ·º|- ~|· -=n =¬|· +·- ¤· t
¤+ - '=ªa-|·n+ ª¤|-·º| ~|· +|·|¤|· -·+·º-| +|¤+n '¤i(¤i
¤ ªl-' z|ª l+¤| t ¤t +|¤ +n l¤ª-- ª¤ = '-i- ª--·||' ~·|| -
'n|-¤ ==|¬-' '¤-|n-|·n+ -·+·º-|' ~|· '-: +|·|¤|· ¤tn' ¤·
~|·||l·- t ¤t +|¤ -|n-| ~| · -¤i- -¤| +| =l¤- +·- + -ªz¤
= -¤|· l+¤| ª¤| t -|l+ ~|ª|ni ¤·|| n -·¤-- t|- ¤|ni ~¤-||~|
+| ¤¸·| l+¤| ¤| =+
60
Gaining visibility by committing to society
I am delighted to present the Third CSR Report of your Bank
showcasing the activities taken up towards building an egalitarian
society. The foundation laid in the past few years facilitated our
endeavor of bringing about transformation in the lives of
impoverished and destitutes during FY’12. Your Bank accomplished
various landmarks and improved its visibility on CSR front by way
of associations and collaborations formed with various agencies
taking up social upliftment causes.
To begin with, PNB Prerna, an association of women formed for
carrying forward CSR agenda of the Bank, completed one year of
its dedicated service to the society in helping those who were needy.
This has also contributed in a big way in shaping up our CSR activities
and productively utilized the services of wives of Senior Personnel
of the Bank to serve the society and bring about improvement in
the lives of those who are less fortunate.
CSR framework of the Bank began to get decentralized as the
different circles of the Bank organised innovative and region specific
activities at their end. The Bank fixed the budgets in terms of
activities/amount to be incurred on these activities and also devised
a scheme for recognising the best CSR Activities through awards
for instilling competitive spirit amongst its various circles to come
up with novel but meaningful activities of "Giving Back to the
Society". This has furthered the CSR approach of the Bank.
CSR policy framework adopted by the Board of Directors of the Bank
served as a guiding force to all the efforts being made in this direction.
During the year 2011-12, your Bank earned various awards and
accolades on prestigious platforms in recognition to its various CSR
activities. To name a few, 'Most Socially Responsive Bank' by Business
World - PwC, Star News- Blue Dart 'Best in Corporate Social
Responsibility' overall and India Pride Awards for Excellence in
Corporate Social Responsibility. With institutionalized set up, Bank
also moved a step further by adopting the best practices of the industry
and highlighting its own in various National Level seminars/conclaves.
=nr¬ ¤ ¤fa ¤fa¤qar çrtr ¬+¤ ¤t ¤rfta
~|¤+ ¤ + +i -i=·i l-ªln- =|n|l¤+ -·-·<|l¤·¤ l·¤| º vª- - +·-
t ( n ¤ t·| t l¤=n (+ =n-|¤|<i =n|¤ + l-n| º| + ln( ¤ + ,|·|
l+( ¤| ·t +|¤ +n|¤| +| <z|| ¤| ª¤| t l¤¤n + ¤ ¤·|| n ª·||l¤-
~|¬|l·+ ·|- + ,|·| tn- l-¬ - ~| · l-·|l>-| + ¤i¤- +| = ¬|·- +
ln( l¤-|i¤ ¤·| .º¡. + <| ·|- v¤|= l+( t ~|¤+ ¤ + - +:
+il- n|- ª·||l¤- l+¤ t ~| · =|n|l¤+ -··||- + ln( +|¤ +· ·ti
l¤l·|-- (¤ l=¤| + =|·| lnn+· (¤ --+ =t¤| ª = =i(=~|· + -| ·|
n :=+i -¤lª·|l- +| ¤· |¤| t
z|ª~|- + ª¤ n ¤+ + l-ªln- =|n|l¤+ --|·<|l¤·¤ +|¤+n +| ~|ª
¤·|- + ln( nltn|~| +| (+ =ªa- ¤i(-¤i v·º|| ¤-|¤| ª¤| t :=-
=n|¤ + ¤ª·-n< n|ª| +i =nl¤- =¤| +| ~¤-| (+ ¤·| ¤¸º| +· ln¤|
t =n|¤ +i =¤| +·- -·|| ~-¤ =l¤¬| v|-- n|ª| + ¤i¤- n =¬|· n|-
+ ln( -=- ¤÷ ª¤ n ¤|ª<|- l+¤| t -·|| ¤+ + ¤l··a +|¤¤|n+| +i
¤l·-¤| +i =¤|~| +| n|·| -a|¤| t
¤+ +i l-ªln- =|n|l¤+ --|·<|l¤·¤ =·--| +| l¤+-:i+- l+¤| ¤| ·t|
t +¤|l+ ¤+ + l¤l·|-- n÷n| - ~¤- ª-· ¤· ·|i -¤|-n·| -·|| -|·| l¤z|·|
+ ~|¬|· ¤· +|¤+n|¤| +| l+¤| t ¤+ - :- ªl-l¤l¬¤| ¤· ·¤¤ +i
¤|- ¤|ni ·|lz| +| ¤¤º l-¬|l·- l+¤| t -·|| =¤|·-n l-ªln- =|n|l¤+
--|·<|l¤·¤ +|¤+n|¤| + ln( (+ ¤|¤-| ·|i ¤·ª+- +·- + ln( ¤-|:
ª: t l¤=+ ,|·| ´=nr¬ ¤r ¤r¤= ªªr' + -¤i- nl+- nt·¤¤¸º|
+|¤+n|¤| + =|·| l¤l·|-- n÷n| + n·¤ vl-ª¤·|i ª¤ = ~|ª ~|- +i
·||¤-| ¤<| +·-| t :=- ¤+ +i l-ªln- =|n|l¤+ --|·<|l¤·¤ ¤t- +|
~|ª ¤·|¤| t
:= l<z|| n l+( ¤| ·t =nª- v¤|=| + ln( l-ªln- =|n|l¤+ --|·<|l¤·¤
-il- =·--| - n|ª<z|+ z|l+- + ª¤ n +|¤ l+¤| t ¤·| .º¡¡¡. +
<|·|- ~|¤+ ¤+ - vl-l·a- ª-·| ¤· l¤l·|-- l-ªln- =|n|l¤+ --|·<|l¤·¤
ªl-l¤l¬¤| + ln( ~-+ ¤·ª+|· (¤ =-n|- v|-- l+( t l¤-n = +¤
l---|l+- t l¤¤-= ¤-÷¤i÷·n¸=i +| ´=¤rf¤¤ =rnrf¬¤ s-atªr¤t
¤ ¤' ªº|·-¤¸ ¤·n¸ ÷|º +| =nª ´=¤r -an fªnfna =rnrf¬¤ s-atªrf¤-¤'
-·|| fªnfna =rnrf¬¤ s-rtªrf¤-¤ n s-¶rºar + ln( :lº÷¤| ¤|:÷
(¤|÷¸= := =ª·||ª- ·|- + =|·| := -¤|ª +i =¤|·-n ¤·-¤·|~| +|
~¤-|- + ,|·| -·|| ·|·ºi¤ ª-· ¤· l¤l·|-- =ln-|·|/=·||~| n ~¤- ~|¤+|
l¤z|·| ª¤ = <z||- t( ¤+ (+ +<n ~|· ~|ª ¤·| t
61
Education remained the area of focus for the Bank this year also
and this was reflected in higher growth of education loans being
offered to the student community for pursuing higher professional
education in India or abroad.
Bank also strengthened its skill enhancement practices with the help
of Rural Self Employment Training Institutes (RSETIs) and Farmers'
Training Centres (FTCs) because it feels that investing in education/
training can bring sustainable improvement in the standard of living
of the people of the lower strata. Your Bank also built up on Financial
Literacy among the less privileged through Financial Literacy and
Credit Counseling Centres (FLCCCs) spread across the country.
Environment protection and implementation of green practices
received due importance and same was reflected in maintaining
the convention of lending to the projects which are adhering to
the environmental standards. A green building of Head Office has
been planned which will have all the modern amenities. In addition
to it, Bank has already implemented various energy conservation
measures to save the fast depleting natural resources of the Earth
and also participated in plantation drives. Health issue also remained
on the fore front of your Bank's CSR set up.
Bank also continued contributing towards progress of Priority sector
comprising of Agriculture, Micro, Small & Medium Enterprises,
Women, Weaker Section of the society. It is indeed a matter of
pride to declare that the Bank is lending beyond the National Goals
set by the Govt of India.
However there is still a long way to go and for going ahead, your
Bank would like to continue its efforts towards engaging in providing
sustainable livelihoods, especially to under privileged strata of the
society. We intend to strengthen our ties with Non-Governmental
Organisations and various government agencies too. CSR has to
be made more broadbased at the Bank level as well with the help
of increased contribution from every unit of the Bank. CSR policy
of the Bank will be reviewed for meeting the requirements of rising
global standards and streamlining with the guidelines issued by
Ministry of Corporate Affairs.
At the end, I would like to express my gratitude to all those who
were involved in making Corporate Social Responsibility a success
during the year and let it reach the platform from where it could be
further extended to encompass more of such activities which may
make a difference in the lives of the impoverished.
(K.R. Kamath)
Chairman and Managing Director
:= ¤·| ¤+ + ln( frr+rr +| -|·| ·|i +-: l¤-< ·t| t -·|| ·||·- ¤| l¤<z|
n --- ·¤|¤=|l¤+ lz|-|| v|-- +·- + ln( ¤|·|| +| l<( ¤| ·t lz|-||
+º|| +i --- ¤lz = ¤t vl-l¤l-¤- t~| t
¤ + - ~¤-i +| z|n ¤¬ + vº||ni +| ·|i ª |niº| ª¤·| ¤ª|· vlz|-|º|
= ª·||-| :~|·(=: ºi~|: (=| -·|| + ·|+ vlz|-|º| + -:|
¤·ºi=i| +i=t|¤-| = =z|+- ¤-|¤| t +¤| l+ ¤t nt=¸ = l+¤| ¤|-| t l+
lz|-||/vlz|-|º| n l-¤ z| = l--n ª-· + n| ª| + ¤i¤- ª-· n ª·||:
= ·||· n|¤| ¤| =+-| t ¤¸ · < z|·|· n ª·||l¤- l¤·-i¤ =|-|·-| (¤ +º|
¤·|nz| + -:|
¤·(n=i=i=i(=| + n|·¤n = ~|¤+ ¤ + - ª·i¤| +n·¤ l¤·-i¤ =|-|·-| ·|i -·¤-- +i t
¤¤|¤·º| =·-|º| -·|| tl·- ·¤¤t|· + l+¤|-¤¤- +| -l-- nt·¤ l<¤| ª¤|
t -·|| ¤| ¤¤|¤·º| n|-+| +| ¤|n- +·- t -- v|¤+º| +| +º| v<|-
+·- +i ¤·-¤·| +| +|¤n ·º|- = ¤t vl-l¤l-¤- t~| t v¬|- +|¤|n¤
+ ln( (+ tl·- ·|¤- +i ¤|¤-| ¤-|: ª: t l¤=n =nª- ~|¬l-+
=l¤¬|( -¤n·¬ t|ªi :=+ ~l-l·+- ¤·¤i ¤· -i¤-| = +n t|-
v|+l-+ ª·||-| +i =·-|| t- ¤+ -¤| =·-|º| + +: -¤|¤ l+¤|l-¤- +·
-+| t -·|| ¤-||·|¤º| ~l·|¤|-| n ·|i ·||ª n -+| t ~|¤+ ¤+ +i
=i(=~|· =·--| n ª¤|ª·¤ l¤·|¤ ·|i ~ªº|i ¤-| ·t| t
¤+ v|·|ln+-| -|·| l¤=n +l·| =¸-n n·| (¤ n·¤n -¤n nltn|(
=n|¤ + +n¤|· ¤ª z||lnn t +i ---l- +i ~|· l-·--· ¤|ª<|- < ·t|
t ¤t ¤|ª-¤ n ª¤ +| l¤·|¤ t l+ ¤+ ·||·- =·+|· ,|·| l-¬|l·- ·|·ºi¤
n-¤| = ~l¬+ +º| v<|- +· ·t| t
t|n|l+ ~·|i +|¤·i ·|ª-| -¤ +·-| ¤|+i t -·|| ~|ª ¤·- + ln( ¤+
ª·||¤i ¤il¤+| v<|- +·- l¤z|·|+· =n|¤ + l--n ª-· + n|ª| + ln(
~¤- v¤|=| +| ¤|·i ·º|ª| :=+ ln( tn (-¤i~| ~|· l¤l·|-- =·+|·i
(¤l=¤| + =|·| -|nnn +| =z|+- +·- +i ·|i ~|¤z¤+-| t l-ªln-
=|n|l¤+ --|·<|l¤·¤ +| ¤+ ª-· ¤· -·|| ¤+ +i v·¤+ :+|: + ¤·-
¤|ª<|- +i n<< = ~l¬+ ·¤|¤+ +·- +i ~|¤z¤+-| t tn =·|i +|
:= l-ªln- =|n|l¤+ --|·<|l¤·¤ ~l·|¤|- +| =¤·n ¤-|- + v¤|= +·-
-|lt( l-ªln- +|¤ n·||n¤ ,|·| ¤|·i l<z||l-<z|| + =|·| =|n¤ª¤ ª·||l¤-
+·- (¤ ¤lz¤+ n|-+| +i ¤·-i ~¤-||~| +| ¤¸·| +·- + ln( ¤+ +i
l-ªln- =|n|l¤+ --|·<|l¤·¤ -il- +| ¤-· ¤-·il-|- l+¤| ¤|(ª|
~--· n -- =·|i +| ·|-¤¤|< <-| -|t¸ª| ¤| ¤·| + <|·|- l-ªln-
=|n|l¤+ -·-·<|l¤·¤ +| =¤·n ¤-|- n =l+¤ ·t -·|| -= := lª·|l- ¤·
¤t-|¤| ¤t| = := v+|· +i ªl-l¤l¬¤| +| ¤-· ~l¬+ l¤ª-- l+¤| ¤|
=+ l¤== ª·i¤| + ¤i¤- n =+|·|·n+ ¤l·¤-- n|¤| ¤| =+
(¤.=rt. ¤rna¸
=ª¤+r q¤ ¤¤¤ fªªrr¤
62
CSR REPORT 2011-12
A. PNB PRERNA:
PNB Prerna is an Association formed by involving the services of
the wives of the Senior Personnel of the Bank as well Senior Lady
Officials of the Bank. The overarching goal of the association is to
supplement the Corporate Social Responsibility Initiatives of the
Bank.
This year, PNB Prerna completed its one year of existence and the
event was marked by distribution of food to the needy and destitute
at the Saraswath Sanskriti Bhawan, New Rajinder Nagar, New Delhi.
PNB PRERNA COMPLETES ONE YEAR TOWARDS SERVING
SOCIETY
fªnfna =rnrf¬¤ s-atªrf¤-¤ ft¤rº zo++-+z
¤. ¤tqª¤t ¤t¢rr .
¤+ + l-ªln- -·-·<|l¤·¤| +| ~|ª ¤·|- + ln( ¤+ + ¤l··a
~l·|+|l·¤| +i ¤l·-¤| + =|·|=|·| ¤+ +i ¤l··a nltn| ~l·|+|l·¤| +i
=¤|~| +| z||lnn +·- + ln( ¤i(-¤i v·º|| -|n = (+ =ªa- ªla-
l+¤| ª¤| t ¤+ + l-ªln- =|n|l¤+ -·-·<|l¤·¤| +| ~- ¤¸ ·+ ·¤¤ª·||
+ -| · ¤· ¤¸ ·| +·-| := = ªa- +| nt·¤¤¸ º| n-¤ t
:= ¤·| ¤i(-¤i ¤·º|| - ~¤- ª·||¤-| +| (+ ¤·| ¤¸·| +· ln¤| t ~|· :=
~¤=· +| =|·z¤- =ª+l- ·|¤- -¤¸ ·|¤-< -ª· -: l<-ni n ¤ª·-n< (¤
¤l-- n|ª| +| ·||¤- +·|+· n-|¤| ª¤|
=nr¬ ¤t =¤r n ¤tqª¤t ¤t¢rr ª q¤ ¤rr ¤¸¢r f¤¤r
The following initiatives taken up by PNB Prerna during the year
2011-12:
• Distribution of old All India Reporters at Bar Council Faridabad.
¤i(-¤i ¤·º|| - ¤·| .º¡¡¡. + <|·|- l---lnlº|- ¤tn +i
• ¤|· +| -l=n ¤··i<|¤|< +| ¤ ·|-i ~| n :lº÷¤| l·¤| º = l¤-l·- +i ª¤i
63
• PNB Prerna celebrated International Children's Book Day by
distributing books to the school students on 4th April 2011.
• ¤i(-¤i v ·º|| - : ~v n .º¡¡ +| ª+¸ ni ¤|·|| +| ¤ ª-+ l¤-l·- +·
~ -·| ·º i¤ ¤|n ¤ ª-+ l<¤= =n|·| t +| ~|¤| ¤- l+¤|
• PNB Prerna donated 5 computers each to NGOs
o Janhit Vikas Sansthan Samiti, Bhiwani
• ¤i(-¤i v·º|| - v·¤+ (-¤i~| +| · +--¤¸º· v<|- l+(
o ¤-lt- l¤+|= =ª·||- =lnl- l·|¤|-i
o ·|n+·º| l¤¤+|--< lnz|- -|(÷| o Rama Krishna Vivekananda Mission, Noida
64
These NGOs aim towards educational empowerment of rural
children and destitute boys. These NGO are being served by Earth
Saviours Foundation, an NGO in Delhi working for the cause of
Senior Citizens, underprivileged children and deprived woman for
reconstructing the roof of their one class room of slum children.
¤ (-¤i~| ª|niº| ¤--| ~|· l-·=t|¤ n÷+| +| z|l-|+ ª¤ = =z|+-
+·- +i l<z|| n +|¤·- t ¤ (-¤i~| l<-ni + (+ (-¤i~| ~·| =l¤¤·
¤·|-÷z|- ,|·| =-|ln- t ¤| ¤l··a -|ªl·+| ~-¤=l¤·|| v|-- ¤--| ~|·
¤l-- nltn|~| -·|| nln- ¤ª-i + ¤--| + ln( (+ +n|= ªn + ¤-
+ ¤-l-n|º| + ln( +|¤ +· ·ti t
• ¤i(-¤i v·º|| - ~|·||·lz|n| (-¤i~| +| ¤| (lz|¤|÷ º|n ª|¤
¤l·=· -: l<-ni n ¤ni-i ª-· ¤· n¤¤¸- ~|· ~|·nl-·|· =n<|¤| +
l-n|º| +i l<z|| n +|¤·- t +| ¤·-i-· :º¤n +l=¤| ¤+z|-¤·
~|l<| ~|· ·¤¸ºi l+º¸= v<|- l+¤ ¤t ª·i¤ ¤l·¤|·| = =¤l·|- ¤|·||
+| '·¤¸ºi (¤ t-·| +¤·' n =z|+- +·- +i l<z|| n --t ~¤-i
~|¤il¤+| +n|- + ln( =-|n ¤-|- t- (+ v¤|= t
• PNB Prerna donated furnitures (tables, chairs, bookshelf, etc.)
and Beauty Kits to NGO Adharshila, that works towards building
strong and self reliant communities at grass root level at Asiad
Games Village Complex, New Delhi. This has been an initiative
towards empowerment of students of "Beauty & healthcare"
belonging to poor families to enable them to earn livelihood.
• ¡: -¤-¤· .º¡¡ +| ¤|n l<¤= + ~¤=· ¤· ¤i(-¤i v·º|| +
=<ª¤| ,|·| ~·| =l¤¤= ¤·|-÷z|- -: l<-ni + (+ (-¤i~| +
~-¤ =l¤·|| v|-- ¤--| +| ª+¸n ¤ª ¤l=n +n· lna|:¤| ~|l<
l¤-l·- +i ª:
• On the occasion of Children's Day i.e. 14th November 2011,
PNB Prerna members distributed Schoolbags, Pencil Colours,
Sweets, etc. to the underprivileged Children of an NGO namely
Earth Saviours Foundation, New Delhi.
• ¤i(-¤i v·º|| - l+=n= +i ¤¸¤ =·¤| ¤· -z||¤· t|n :l÷¤| +
n|-l=+ (¤ z||·il·+ ª¤ = l¤+n|ª ·¤l+-¤| +| º||¤ =|nªi
l¤-l·- +i
• PNB Prerna celebrated the Christmas eve with the inmates
who are mentally and physically challenged, at Cheshire Home,
India by distributing eatables to them.
65
• ¤i(-¤i ¤·º|| - l<-|+ .· ¤-¤·i .º¡. +| +--¤¸º· ·¤¸ºi ~|· ~-¤
·¤¤=|l¤+ ¤|a¸¤+n| +| ¤¸·| +·- ¤· ¤lz|-|~| +| ¤n|º|¤·| l¤-l·-
l+( ¤t ·¤¤=|l¤+ ¤lz|-|º| +-< ~|¬|·lz|n| -|n+ (-¤i~| ,|·|
nln- ¤lª-¤| + n|ª| +| ~¤-i ~|¤il¤+| ~l¤- +·- t- =-|n
¤-|- + ln( =-|ln- +i ¤| ·ti t
=r. s =¤rfªr¤ ª¤r-nrrt fªnfna =rnrf¬¤ s-atªrf¤-¤r = =¤fªra
nfaf¤fªr¤r ¤r ¤tt¤rt
nz¬ ¤r¤r¬¤, =¬¤t .
• PNB Prerna distributed the certificates to the trainees which
completed their computer, beauty and other vocational courses
on 25th January 2012. The vocational training centre is being
run by NGO Adharshila for the people belonging to slum area
to enable them to earn livelihood.
B. Awarding Three Most Innovative CSR Activities:
Circle Office Alwar:
• ¤i(-¤i - >i +-¤|º| ·|¤+i¤ l-l+·=|n¤ + -¤¤|- lz|z| <º|·||n
-·|| +¤|·|º| -¤-|· ¤|÷ +| ~ªi|- l+¤| ¤t ¤--i =·-|| ¤|¤-|
+ ~-ª- +¤· ·||
• PNB adopted New Born Care and Malnutrition Treatment ward
of Shri Kalyan Rajkiya Chikitsalaya. This was covered under
Janani Surakasha Yojana.
66
Circle Office Dehradun: nz¬ ¤r¤r¬¤, ªrtrª¸ª .
• ¤i(-¤i v·º|| +i -¤|·¤-| >in-i -·|| ~--=¤nº¤- +|¤¤|n+
l-<z|+ ¤¤|¤ -z|-n ¤+ - <t·|<¸- + ª+¸n n ¤|·||~| + ln(
v=|·|- +-| + l-n|º| t- ª+¸n + -¤|=i +| (+ -+ v<|- l+¤|
¤t ª+¸n nln- ¤lª-¤| n ·t- ¤|n l-·=t|¤ ¤--| + ln( ª¤|ni
z||-|-< ·|n|·| -¤|= ,|·| =-|ln- l+¤| ¤| ·t| t
nz¬ ¤r¤r¬¤, ¤¬ªrrrt .
• PNB Prerna, Vice President Smt Usha Ananthasubramanian,
Executive Director PNB presented the cheque to the Trustee of
the school for construction of toilets for the girl students in the
school in Dehradun. This school is run by Swami Shantanand
Charitable Trust for the destitute children residing in slum areas.
Circle Office, Bulandshahar:
• PNB in collaboration with World Wildlife Fund for Nature,
India, Wild Bird Protection Society organised a Marathon to
create awareness to protect the birds.
• ¤¤|¤ -z|-n ¤+ - ¤-÷ ¤|:-÷n|:¤· ¤·|-÷z|- ¤·|· --· :lº÷¤|
¤-¤ ¤-|i =·-|º| =|=|:ºi + =t¤|ª = ¤l-|¤| + =·-|º| ·¤|-|+·|º|
t- (+ n·|·|- <|÷ +| ~|¤|¤- l+¤|
67
n. ¶frr q¤ ¶rr¤ =r¤-ªrt ¤r¬
|l·| (¤ ª|niº| -|·| + l¤ª-|· +i ~|· ¤+ +| ¤|ª<|- ¤|·i ·t| ¤| :-
-|·|| n +º| ¤lz = vl-l¤l-¤- ·|| :=+ ~l-l·+- ¤+ - ·||·- =·+|·
,|·| v|·|ln+-| -|·| + ~-ª- l-·||l·- ·|·ºi¤ n-¤| +| v|-- l+¤| t
v|·|ln+-| -|·| ~lªn| +| ¤|º¤·|ln¤| n|- .º¡. n ¤·+· ` º·ººº
+·|÷ t| ª¤| l¤=n ` .º.:· +·|÷ +i ¤·- + =|·| .·.· vl-z|- +i
¤lz t: t =nl¤- l-¤n ¤+ ~lªn
(-¤i=i| + ¤l- v|·|ln+-| -|·|~lªn| +| ~-¤|- :º vl-z|- + ·|·ºi¤ n-¤ = -¤· ·t- t( :º.º
vl-z|- ·t|
|l·| -|·| +| +º| n|- .º¡. n .º.:º vl-z|- +i ¤lz + =|·| ` :·º¡
+·|÷ t| ª¤| ¤| n|- .º¡¡ n ` ª·:·. +·|÷ ·|| =nl¤- l-¤n ¤+
+º| + vl- |l·| ~lªn| +| ~-¤|- ¡º.ª: vl-z|- ·|| ¤| ¡º vl-z|- +
l-·||l·- ·|·ºi¤ n-¤ = ~l·|+ ·t| ª¡ n|- .º¡. +| nltn| n|·||l·|¤|
+| v<·- +º| ` .·:¡ +·|÷ = ¤·+· ` ¡¡·º +·|÷ t| ª¤| ¤¤l+
=n|¤ + +n¤|· ¤ª +| ¤·| + <|·|- ¤+ - ` .:ªºº +·|÷ +| +º|
v<|- l+¤|
=¸-n n·| (¤ n·¤n -¤n| + -|·| n ¤+ +| l¤z|·| ·¤|- ¤-| ·t| -·|| :=
-|·| + +º| n ¤·||-¤·| ~|·||· ¤· .·.·. vl-z|- +i ¤lz <¤ t: ¤+ -
ª¤¤ =t|¤-| =n¸t +i ª·||¤-| ~|· +º| =-¤z-| + n|·¤n = =¸-n l¤·-
+ =¤·|- + v¤|= ¤|·i ·º| n|- .º¡. + ~- n ¤+ + ` ¡·¡. +·|÷
+ =|·| ¡ºº.· +º| =-¤z ª¤¤ =t|¤-| =n¸t ·| l¤-n ¡·ª¡ :º.ªº
vl-z|-| ª¤¤ =t|¤-| =n¸t| +i ¤lz t: t
¤tqª¤t ¶rr¤ ¤r¤r¢r -¤r= .
¤+ - |·|+| nltn|~| (¤ ª|niº| -|·| + ¤¤|~| + +-¤|º| + ln( ¤·|
.ººº n ¤i(-¤i |·|+ +-¤|º| -¤|= +i ª·||¤-| +i t -¤|= + =·-|º|
+ ~-ª- =--|º|÷| :tl·¤|º|||· l¤l<z|| :n.v.|· -in·|-| :·|¤ª·||-|·
z|nz|· -ª· :¤¤|¤|· =¤·: :-.v.|· n·|÷i :¤·-i=ª·|· nt·|¤ :¤¤|¤|·
l¤-n|¤|·¤·¸ºi :-lnn-|÷|· +·|¤-ni :-÷i=|| -·|| -n: nlz|<|¤|<
:¤lz-n ¤ª|n| n ¤+ + ¡º |·|+ vlz|-|º| +-: +|¤ +· ·t t
¤ |·|+ vlz|-|º| +-: ª|niº| -|·|| n ~¤lª·|- t l¤-+ ,|·| |l·| -·||
=¤z ªl-l¤l·|¤| +--¤¸º· ¤|a¸¤+n| +lºª l=n|: (¤ +·|: ~|l< +|
l-·z|-+ vlz|-|º| l<¤| ¤|-| t :- |·|+ vlz|-|º| +-:| ,|·| ¤·| .º¡¡¡.
+ <|·|- º.¡· |·|+| (¤ ¤¤|~| +| vlz|-|º| l<¤| ¤| -+| t l¤-n
¡º.º· nltn|( z||lnn t :=+ ~l-l·+- ¤·| .º¡¡¡. + <|·|- |·|+
vlz|-|º| +-: ,|·| :¡ n|-¤ l-l+·=| ¤|- lz|l¤· ¡¡º ¤z| ª¤|ª·¤ ¤|-
C. AGRICULTURE AND FARMER RELATED INITIATIVES:
Bank has continued to contribute towards expansion of agricultural
and rural sector and the same was reflected in increased lending to
these sectors. Further, Bank achieved National Goals set by the
Govt. of India under Priority Sector (PS). The portfolio of PS
Advances increased to ` 95,898 crore as at March 2012, registering
an increase of ` 20,246 crore and a growth of 26.76 %. Ratio of
PS advances to Adjusted Net Bank Credit (ANBC) at 40.70 % going
beyond the National Goal of 40 %.
Credit to Agriculture sector grew by 29.48 % to ` 45,917 crore as
on March 2012 from ` 35, 462 Crore in March 2011. The ratio of
Agriculture Advances to ANBC was 19.34 %, higher than the
prescribed National Goal of 18 %. Credit extended to women
beneficiaries rose by ` 2,541 crore to ` 11759 crore, as on
March 31, 2012 while weaker section of the society received
` 24,380 crore from the bank during the year.
Micro Small & Medium Enterprises (MSME) remained the area of
focus for the Bank as the loans to the sector recorded 26.62% growth
on YOY basis. Bank promoted micro finance through formation and
credit linkage of Self Help Groups. At the end of March 2012, the
Bank had credit-linked 1,80,726 SHGs with amount of ` 1512
Crore, registering an increase of 15371 SHGs (9.30 %).
PNB farmers' Welfare Trust:
Bank established PNB Farmers' Welfare Trust in the year 2000 for
welfare of the farmers, women and youth in rural areas. Under the
aegis of the Trust, 10 Farmers' Training Centres (FTCs) have been
operationalised i.e. Sacha Khera (Haryana); Vidisha (MP); Neemrana
(Rajasthan); Shamsher Nagar (Punjab); Saifai (UP), Labhandi
(Chhattisgarh); Mehraj (Punjab), Pillayarpatti (Tamil Nadu), Karapalli
(Odisha) and Talai, Mushidabad, (West Bengal).
These FTCs are located in rural areas and provide free of cost training
on agriculture & allied activities, computer courses, cutting, tailoring
& embroidery, etc. These FTCs imparted training to 92,175 farmers
and youth including 18,295 women during the year 2011-12.
Further, during 2011-12, 41 Human Health Check Up Camps, 110
Animal Health Check Up Camps were conducted and 67 visits to
68
lz|l¤· ~|¤|l¤- l+( ª( ~|· |l·| l¤z¤l¤¤|n¤|/+|n¤|/nn|/=·+|·i
¤·|n| ~|l< n |·|+| + · <|· ~|¤|l¤- l+¤ ª(
v·¤+ |·|+ vlz|-|º| +-: - ` · n|º| +i ·|lz| = l¤+|=|-nº| ªl-l¤l·|¤|
+| ~|¤| l¤- +·- + ln( (+ ª| ¤ +| ~ ªi|- l+¤| t l¤=n ¤-= l¤·||~|
+| l-n|º| ª+¸n + ln( +n· ª|niº| ¤ª-+|n¤ l÷=¤=·i º|n + ln(
n<|- ª+¸n| +| ¤º| ¤|º· +¸n· ~|l< v<|- +·- ¤= l¤+|=|·n+ +|¤
l+¤ ¤| ·t t 'l¤·-i¤ =n|¤z|-' + ln( -¤|= +| +|·|¤|· =t|¤+
:l¤¤-= ¤·l=lnºº·| (¤ +|·|¤|· vl-l-l·| :l¤¤-= +|·=¤|-÷º| + ª¤
n l-¤+- l+¤| ª¤| t |·|+ vlz|-|º| +-: + -in|·|-| :·|¤ª·||-|
z|nz|· -ª· :¤¤|¤| =--|º|÷| :tl·¤|º||| -·|| =¤·: :-.v.| n ¤|¤nº
¤l·¤|¤-|( ¤l·-|n-·- t := -¤|= - l+=|- ¤¬ ¤|¤-| z|ª +i t ¤t|
ª·||-i¤ ¤¤|~| +| := ¤l·¤|¤-| t- +|n +·- + ln( ¤|÷| ª¤| t
+ ·|+ ¤ lz|-|º| + -< | ,|·| l¤l·|-- l-ªln- =|n|l¤+ -·-·<|l¤·¤
ªl-l¤¬¤| ¤= ¤÷/¤|¬| +| +·|+|/¤lz|-|º||l·|¤| +| <|- <-/-·| ¤|-
lz|l¤·| +| ~|¤|¤- l+¤| ª¤| l¤== ª|niº| ª·i¤| l¤z|·|+· ¤--| ~|l<
+| n|·| t~|
¤¬r¤ ªrrª¬ ¤¤ rrarªªt nrnt¢r f¤¤r= -¤r= .
¤+ - ª|niº| l¤+|= (¤ n|·|<|¤i ·|¤ª|· + ln( ª|niº| ¤¤|~| +i
=t|¤-| + -ªz¤ = ¡ººª n ¤i(-¤i z|-|·<i ª|niº| l¤+|= -¤|= +i
ª·||¤-| +i t := -¤|= + ~-ª- -i- :+|:¤| ¤·|| ª|¤ nº+i ¤|·|ni
:-.v.| n n<| ¤·i-|º| (¤ |l·|n ª·||·||- +-: ª|¤ ·|l÷+ :¤¤|¤| n
ª|niº| ¤¤|~| + ª¤·|¤ª|· t- vlz|-|º| +-: -·|| ¤º-| :l¤t|·| n
¤·|¤ª|· ¤¤+| + vlz|-|º| t- ¤i(-¤i ª¤·|¤ª|· l¤+|= =ª·||- +|¤ +·
·ti t
¤·| .º¡¡¡. + <| ·|- nº+i ¤|·| ni + -: :-.v.| n :º.º n <| -n¸ -|
+| l¤zn ·|º| l+¤| ª¤| º· |l·|n ª·|| ·||- +·|( ª( -·|| ··· ¤in|·
¤z| ~| +| -¤-|· l+¤| ª¤| :=+ ~l-l·+- ¡ª.ºº ·¤l+-¤| - ¤ni
+-¤| l¤lº ª (¤ =| · -¤| + v<z| -| n ·||ª ln¤| :- -i- + -:| n ¤·|
.º¡¡¡. + <| ·|- ·º· nltn|~| =lt- + n ¡.º¡ n| ª| +| vlz|-|º|
v<|- l+¤| ª¤|
nrnt¢r t¤tr¬nrt ¤frr+r¢r =tºrrª (=rtq=;ºt=r;¸ .
:=+ ~|ª ª |niº| l¤+|= n ·||n¤ ·||·- =·+|· + l<z||l-< z||- =|·
v·¤ + ¤ + +| ~¤- ~ª º|i l¤n + =|·|=|·| =-¤l-·|- ·|-¤ ª-·i¤
¤ += =lnl- ,|·| ~|¤ lº- ª · ~ª º|i l¤n| n ª |niº| ª¤·| ¤ª|· vlz|-|º|
+ -: +i ª·||¤-| +·-i t l¤=+ ln( ·|-¤ =·+|· ,|·| l-·z| -+/ni¤ ¤·
<i ª: ·|¸ ln ¤· ·|¤- + l-n| º| + ln( ª. ¡ +·| ÷ v<|- l+¤| ¤|(ª|
Agricultural Universities/Colleges/Fairs/Govt. Farms, etc were
arranged by the FTCs.
Each FTC has adopted one village for undertaking developmental
activities at a cost of ` 5 lakh, wherein developmental works like
construction of public conveniences, class-rooms for schools, village
library, dispensary, playgrounds, providing fans, water coolers, etc.
to schools are being undertaken. The Trust has been appointed as
Business Facilitator and Business Correspondent for 'Financial
Inclusion'. Pilot projects are operational at Famers' Training Centres
Neemrana (Rajasthan), Shamsher Nagar (Punjab), Sacha Khera
(Haryana) and Saifai (UP). The Trust has launched Kisan Bandhu
Scheme wherein local youth are associated to work for the project.
Various CSR activities, such as donation of plants/saplings to the
farmers / trainees, holding of Dental/Eye Check Up Camps for the
benefit of rural poor, particularly children, etc are also undertaken
by the FTCs.
Punjab National Bank Centenary Rural Development Trust:
The Bank has established PNB CRDT in 1993 with an objective of
assisting rural youth for taking up gainful employment and rural
development. Three units under the Trust are working, viz., Soil
Testing & Artificial Insemination Centre at Village Matki Jharoli (UP);
Training Centre for Rural Youth for Self Employment at village
Dhudike (Punjab) and PNB Swarojgar Vikas Sansthan for training
of unemployed youth at Patna (Bihar).
At Matki Jharoli Centre (UP), 4029 soil samples have been analyzed,
875 artificial insemination have been done and 6575 diseased
animals have been treated during the year 2011-12. Besides,
13,290 persons have attended demonstrations on vermi composting
and solar energy. In these three centres, training has been provided
to 1281 persons including 696 women during the year 2011-12.
Rural Self Employment Training Institutes (RSETIs):
Further, as per the Ministry of Rural Development, Govt. of India
guidelines each Bank is to establish a Rural Self Employment Training
Institute (RSETI) in it's lead districts as well as in non lead districts
allotted by the concerned State Level Bankers Committee (SLBC)
for which the land is alloted by the concerned state Govt. Free of
69
¤i(-¤i z|-|·<i ª |niº| l¤+|= -¤|= + = ·-|º| + ~ -ª - ªº ¤i(-¤i
ª |niº| ª¤·| ¤ª|· vlz|-|º| = ª·||- ª·||l¤- l+( ¤| - + t ¤·| .º¡¡¡.
+ <| ·|- :- = ª·||-| ,|·| ..ª·. ·¤l+-¤| +| vlz|-|º| v<|- l+¤| ª¤|
:- = ª·||-| ,|·| ª |niº| -| ·|| + ª·i¤i · º|| = -i- ¤i¤- ¤|¤- +· ·t
ª |niº| ¤ ¤+| -·|| nltn|~| +| vlz|-|º| v<|- l+¤| ¤| ·t| t -|l+ ¤
ª¤¤ +| -·¤|<+ ª¤·| ¤ª|· +|¤ +n|¤| n nª| =+ -·|| ~¤- ~|¤ +
ª-· +| ¤· | =+
Cost. Under the aegis of PNB Centenary Rural Development Trust,
39 PNB Rural Self Employment Training Institutes (PNBRSETIs) have
been established. During the year 2011-12, these centres have
provided training to 22,352 persons. These institutes are providing
training to the Rural BPL youth and women so that they can engage
themselves in productive self employment activities and raise their
income level.
f¤-at¤ =nr¤rrª ¤r¬ .
l¤·-i¤ =¤|~| -+ ¤t- = l¤·-i¤ ·|ª-|- +·- ~|· ·|lz| v|-- +·- n
=l¤·|| -·|| n-<- +i n|ª- n +ni + ,|·| ¤+ - l¤·-i¤ =n|¤z|- +
-|·| n l¤z|·| ·¤|- l<¤| t :=+ ~l-l·+- l¤·-i¤ =¤|~| -+ ¤t-· ¤t-
= -·¤|<- ~|· =|n|l¤+ =·-|| v|-- t|-i t +¤|l+ l¤·-i¤ -|·|¤--|
+º| ~|· ¤in| + n|·¤n = =+º + -¤|¤| +| ·|t- v<|- +·- +| +|¤
+·-| t =n|¤z|- = (+ -·¤· ¤t| ¤l-- º|º÷| +| --n+- -·¤|<+
-|n-|~| +i ~|l·|+ ¤lz n =·||· t|-| t ¤ti <¸=·i ~|· :== (= -|·||
= ~|¤ (¤ º|¤- n ¤lz = ·|·n¸ n|ª ª·||¤i ~|·||· ¤· ¤·-i t ¤+ +i
l¤·-i¤ =n|¤z|- ¤tn +| n-¤ ª|niº| ¤--| +| l¤+|= +i vl+¤| n
=z|l+-+·º| (¤ =t·||lª-| v<|- +·-| t
¤i(-¤i - +|·|¤|· =t|¤+/+|·|¤|· vl-l-l·| n|÷n + n|·¤n = =¸--|
v|¤|lª+i + v¤|ª + =|·| ¤l+ª =¤|( <- n n·¤ª·|| + ª¤ n ª·
=·+|·i =ªa-|/ª¤¤ =t|¤-| =n¸t| =¸-n l¤·- =ª·||-| (¤ ~-¤ -|ªl·+
=ªa-| +i =¤|~| +| -¤¤|ª l+¤| t ¤i=i n|÷n ¤+ +| ª|niº| ¤--|
+ <·¤|¤ -+ +z| :-+z| ~|-º n-<- +·- ~|· ~l-n ¤|· -+ +
ª|t+| -+ ¤|º¤n ¤i~|(= nz|i-| :t÷ t-÷ l÷¤|:l==| + :ª-n|n +
=|·| ¤t-- n =t|¤+ t ¤| ªn|º +|÷| +| ¤·-/lnº|- n =n·| t :=
v+|· v|¤|lª+i ¤¤|-- n|·|| n ¤|º n-<-| +i ¤l·-|n- n|ª- n +ni
n|- (¤ =¤| n =·||· +·- n ~·|¸-¤¸¤ ª¤ = =t|¤+ t: t
f¤-at¤ =r+rtar aºrr =¢r ¤trnrrªrar ¤-) (q¤·q¬=t=t=t¸
l¤·-i¤ =|-|·-| v<|- +·- t- l¤·-i¤ =|-|·-| (¤ +º| ¤·|nz|<|-| +-:|
¤·(n=i=i=i| +i ª·||¤-| +i ª: ·|i ·||·-i¤ l·¤¤ ¤ + + l<z||l-< z||- =|·Financial Inclusion Initiatives:
Financial Inclusion has been the area of focus for the Bank by making
accessibility to financial services, facilitates making and receiving
financial payments and reduces transaction costs. Further improved
access to financial services contributes to productivity and social
protection, as the financial sector - through savings, credit and
insurance - serves as a measure of crisis mitigation. Inclusiveness
improves economic growth by unleashing productive capacities of
excluded segments on one side, while on the other it boosts
domestic demand on a sustainable basis arising out of income and
consumption growth from such sectors. Bank's financial inclusion
initiatives are aimed at financial empowerment and participation
of rural masses in the growth process.
PNB has utilized the services of NGOs/SHGs, MFIs and other civil
society organizations as intermediaries in providing banking services
through the Business Facilitator/ Business Correspondent model
along with the use of information technology. The BC model allows
the bank to undertake 'cash in-cash out' transactions at the doorstep
of rural population and to reach last mile customers with use of
portable POS machines (hand held devices) which are able to read/
write smart cards. Thus technology has helped in dramatically
reducing the operational costs for large number of small transactions
and improving service delivery.
Financial Literacy and Credit Counselling Centres (FLCCCs):
The Financial Literacy and Credit Counseling Centres (FLCCCs) were
introduced to impart financial education. As per the RBI guidelines,
70
v·¤+ ~ªº|i ¤+ +| t· (+ l¤n n ¤t| -=+ ¤|= ~ªº|i -·-·<|l¤·¤
t (+ (¤·(n=i=i=i º||n-| ~¤l-|- t tn|· ¤+ + ¤|= · l¤n| n
~ªº|i ¤+ +i l¤-n<|·i t -·|| tn :- =·|i l¤n| n (+ (¤·(n=i=i=i
º||n -+ t :=+ ~l-l·+- ¤ + - +·|n¤|ª l<-ni n (+ (¤·(n=i=i=i
º||n| t l¤= lnn|+· (¤·(n=i=i=i +i =º¤| ·º t| ª: t :- +-:|
,|·| l¤·-i¤ n|nn| ¤·|| · ¤n|·|lz|¤| -|l+n º||- º||n-| =·-||·n+ (¤
-¤-|·|·n+ +º| ¤·|nz| <- + ln( ·¤l+-ª- ª¤ = =¤|( v<|- +i ¤|
·ti t ¤·| .º¡¡¡. + <|·|- l¤·-i¤ =|-|·-| -·|| +º| ¤·|nz|<|-| +-:|
= .ºº..¡ ·¤l+-¤| - ¤¸¤-|¤ +i ~|· :- +-:| ,|·| ~|¤|l¤- =ln-|·|
n ¡º··º¡ ·¤l+-¤| - ·||ª ln¤|
¤tqª¤t f¤¤r= - nrn =nt¤t¢r ¤r¬ªr .
l-ªln- =|n|l¤+ -·-·<|l¤·¤ ªl-l¤l·|¤| + (+ ltª= + ª¤ n ¤+ -
'¤i(-¤i l¤+|=' -|n+ ª|n ~ªi+·º| +i (+ +-¤|º|+|·i ¤|¤-| ~|··|
+i t ¤i(-¤i l¤+|= +| n¸n -ªz¤ ¤+ +i l¤·-i¤ =n|¤z|- ¤|¤-| +
·||ª + ª¤ n -- ª( ª|¤| +| (+i|- l¤+|= +·-| t l¤=n n|-¤
l¤+|= ~|l·|+ l¤+|= (¤ ~-¤ ~|·||··|¸- l¤+|= ~-¤ ªº|+ t|-÷·| ¤=
ª|¤| =·+|·i v|l·|+·º|| -·|| ª·||-i¤ l-+|¤| + =t¤|ª = =¤·|: ¤i- +|
¤|-i -¤n··| +·|-| lz|-|| l¤¤ni ª¤|ª·¤ -·|| +º| v|-- +·- =¤·|i
+|¤ +·|-| z||lnn t := ¤|¤-| + ~--ª- ¤+ - l¤l·|-- n÷n| n
~ªi+·º| t- ¡¡º ª|¤| :·º ~ªº|i l¤n| -·|| ·º ª· ~ªº|i l¤n| n| +|
-¤- l+¤| t
t¤rtº¤ q¤ =rnrf¬¤ ¤r¬.
• ªº|¤· + =l+¤ ¤|ª<|- = ¤·| + <|·|- l¤l·|-- =|n|l¤+ ªl-l¤l·|¤|
~|¤|l¤- +i ª: l¤-n ¡:· l-·z|-+ nl÷+n -·| (¤ =|n|-¤ ¤|-
lz|l¤· -·|| ·. ·+-<|- lz|l¤· =l-nln- t
each Lead Bank is expected to open an FLCC in every district where
it has lead responsibility. Our Bank has lead bank responsibility in
57 districts and we have opened FLCCs in all these districts. In
addition to this, Bank has opened one FLCCC in Karol Bagh, Delhi,
taking the total number of FLCCCs to 58. These centres are
providing the face to face counseling on financial issues related to
banking viz. deposits, opening of No frill Accounts, preventive and
curative credit counseling, etc. During the year 2011-12, 2, 00,221
number of enquiries were made in the FLCCCs and 1, 95,601
persons attended the seminars conducted by FLCCCs.
PNB VIKAS - Village Adoption Scheme:
As part of the Corporate Social Responsibility initiatives, the Bank
decided to come up with a village adoption scheme viz. "PNB VIKAS".
The scheme's basic objective is to develop the identified villages in
an integrated manner which includes Human Development, Economic
Development & other Infrastructure Development in co-ordination
with the other stakeholders, the villagers, the Government Authorities
and the local bodies in terms of sanitation, drinking water supply,
education, electricity, health and accessibility to credit. Under the
Scheme, the Bank has adopted 118 villages (59 in lead districts and
59 in non lead districts) in different circles.
Health and Social Initiatives:
• With the active involvement of the staff, various Communities
based activities were undertaken during the year which
included 145 free medical eyes and General check-up Camps
and 52 Blood Donation Camps.
• >i + .~|·. +|n- ~·¤-| (¤ ¤ ¤ ¬ l-< z|+ ¤i(-¤i - <| -| +|¤ ¤|n+
l-<z|+| >i ·|+z| =ai (¤ >in-i -·|| ~--=¤nº¤- + =|·| lt-<
+·a l-¤|·º| =·| ::l÷¤- ln¤|=i (=|l=¤z|- l<-ni| +i ~|· =
·||·- +i nt|nltn ·|·º¤l- >in-i ¤l-·||<¤i l=t ¤|lºn +| ª n|º|
ª¤¤ +| -+ <|- l<¤|
• Sh K R Kamath, CMD, PNB along with Executive Directors,
Sh Rakesh Sethi & Smt Usha Ananthasubramanian, donated a
cheque of Rs. 3 lac to Smt. Pratibha Devi Singh Patil, Hon'ble
President of India on behalf of Hind Kust Nivaran Sangh (Indian
Leprosy Association Delhi).
71
• Bank has been taking up green initiatives by promoting the
environment friendly projects and extending credit support
to those projects which are adhering to environmental
standards and norms.
• To promote green activities, the Bank organised more than
172 Tree Plantation Drives.
• The greener practices have been adopted in various offices of
the Bank :
• Doing away with incandescent lamps,
• Rain Water harvesting,
• Use of solar energy,
• Printing on both sides of paper,
• Purchasing composite fax machines which can perform
multiple functions,
• Immediate repair / redressal of any water leakage,
• Use of Master Sensor / master switches for lights, fans
etc, wherever possible.
HO Divisions at their end also have initiated following green
practices in banking processes:
• Green Channel Process for PoS terminals: In order to fast track
the process for installation of terminals for merchants having
relationship with PNB, a new channel called 'Green Channel
Process' has been implemented whereby Point of Sale (PoS)
terminals shall be provided to the Merchant Establishments
on fast track basis, by collecting minimum documentation.
Under this process, PoS terminals are being installed within 4-
5 days of submission of documents by the merchant/branch
at select centres.
• Bank has also planned a State of Art Building at Dwarka for
housing entire Head Office Divisions in it, which will lead to
• ¤¤|¤·º| + ~-+¸n ¤l·¤|¤-|~| +| ¤·|¤| <+· -·|| ¤¤|¤·º| ª-·
(¤ n|-+| +| ¤|n- +·- ¤|ni ¤l·¤|¤-|~| +| +º| =t|¤-| <+·
¤+ - tl·- ¤tn +| ~¤-|¤| t
• tl·- ªl-l¤l¬¤| +| ¤·|- + ln( ¤+ - ¡. = ~l¬+ ¤-||·|¤º|
~l·|¤|- -n|(
• ¤ + + l¤l·|-- +|¤| n¤| n tl·- +|¤ ¤ º||ni +| ~¤-|¤| ª¤|
t ·
• ~·¤l·|+ -n+in n-¤| +| v¤|ª -ti l+¤| ¤|-|
• ¤·|| ¤n (+·|i+·º|
• =|· -¤| +| -¤¤|ª
• +|ª¤ + <|-| ~|· n:º|
• +-¤|l¤º ¤·+= nz|i-| +i º|·i< ¤| ¤t-ªz|i¤ +|¤ +·- n
=-|n t|
• ¤|-i + l+=i l·=|¤ +i -·-- n·-n-/=n|·||-
• ¤t| +ti ·|i =·|¤ t| l¤¤ni ¤º| ~|l< + ln( n|ªº·
==·/n|ªº· ª¤i-| +| v¤|ª
¤ f¤ n ¤fa¤r n ¤+rrnr ª +rt =¤ª tat = fªrªf¬f=ra rfta ¤r¤ ¤¬r¤r
¤t ¤r¬ ¤t r .
• ¤t=rq= ºfnª¬ ¤ f¬q rfta ¤ª¬ ¤fa¤r . ¤i(-¤i + =|·|
=¤·| ·º|- ¤|n ·¤|¤|l·¤| + ln( ºln-n +i ª·||¤-| t- vl+¤| +|
¤·|ªº º+ +·- + +n n 'ªi- --n v|==' -|n = (+ -¤| --n
l+¤|l-¤- l+¤| ª¤| t l¤=+ ,|·| ¤·|ªº º+ ~|·||· ¤· ·¤|¤|l·¤| +|
--+ ·¤|¤|l·+ vl-·a|-| ¤· -¤|:º ~|¤· =n ºln-n v<|- l+(
¤|(ª l¤=+ ln( --= -¤¸--n <ª-|¤¤ ln( ¤|(ª := vl+¤| +
~--ª- ·¤|¤|·i/-¤l-- +-:| ¤· z||º|| ,|·| <ª-|¤¤ ¤n| +·- +
:· l<- + ~-<· ¤i~|(= ºln-n ª·||l¤- l+( ¤| ·t t
• ¤+ - v·||- +|¤|n¤ + =nª- v·||ª| +| (+ ti ·|¤- n ·º|- +
ln( ,|·+| n ·|¤- l-n|º| +n| = ¤l·¤¸º| (+ ·|¤- ¤-|- +i ¤|¤-|
¤-|: t l¤=+ ,|·| =n¤ (¤ :·|- +i ¤-- + =|·|=|·| =|n|-¤
• ¤+ ,|·| ¤¤|¤ n·¤ v<z| tl·¤|º|| l¤t|· ¤lz-n ¤ª|n ltn|-n
v<z| -·-· v<z| ~|· -·-·|-n ·|-¤| + ª|niº| :n|+| n ¤ª-+|n¤
(¤ =t¤|--|n¤ -n|¤| ¤| ·t| t
rfta ¤r¬ .
• The Bank is maintaining Library-cum-Reading Rooms in rural
areas in the states of Punjab, M.P., Haryana, Bihar, West Bengal,
Himachal Pradesh, Uttar Pradesh and Uttaranchal.
Green Initiatives:
72
+z|n-| n ·|i ¤lz t|ªi ¤t (+ v|n|lº|+ rfta +r¤ª t|ª| ¤|
~·¤l·|+ +z|n l÷¤|:- -·|| =¤|l·|+ ~|·|l-+ =l¤·||~| = ¤+-
(+ ~-¸a| ·|¤- t|ª| :=n z||·il·+ ª¤ = ~-|n ·¤l+-¤| + ln(
·|i =·|i =l¤·||( -¤n··| +·|- +| ·|i vª-|¤ t
• ¤ + - tl·- ¤tn +| ~¤-|- + ln( (+ ~| · +<n ~|ª ¤· |¤|
t -·|| ¤tni ¤|· 'ª| ª i- v| ¤ +º' +| +|¤| -¤¤- l+¤| t l¤=n
tn|·i ¤ + ¤ ¤ =|:º = ~|: ¤i¤i(= = lnlº|- ¤·i-|| = n|·| +
=|·| ti =|-||·+|· t - ~| -n|:- +| n n º· +| ÷|--n| ÷ +·- +i
= l¤·|| v<|- +i ª: t :== - + ¤n ~·¤·|i +| lnlº|- ¤·i-||
=|-||·+|· +i -|·iº| +i =¸ --| v<|- +·- n =n¤ +i ¤-- t : t
¤l-+ +|ª¤ +i ·|i ¤-- t : t ¤| ¤tn <| -| -·º|| n v¤| ª l+(
¤| ·t ·|
• =ª·|| n tl·- ¤tn + +|¤|-¤¤- t- (+ ~-¤ +<n + ª¤ n v.
+|. ª-· ¤· =-+-| l¤·||ª -·|| n÷n| + =-+-| ~l·|+|l·¤|/
=¤l·|- ~l·|+|l·¤| + n·¤ =i·| =¤i¤ =¤+ ¤-|- + ln( =|+º¤¤·
-¤|· l+¤| ¤| ·t| t
• ¤+ - ¤t =l-lz-- +·- + ln( l<z||l-<z|| +| vl-¤|l<- l+¤| t
l+ ¤+ -- ¤l·¤|¤-|~| +| l¤·- v<|- +· ·t| t ¤| ¤¤|¤·º|
l-¤·|º| ¤|÷ =lt- =·|i =|l¤l·|+ -·|| ~-¤ ~-n|<- ln¤|<i +º| +
=l¤-·º| = ¤tn v|-- +· n- t
• ¤+ - :=+ ~l-l·+- -- ¤¸l-º| +| l¤·- v<|- +·- + ln( ·|i
l<z||l-<z| l<( t ¤| -¤| ¤= =|· -¤| ¤¤- -¤| -·|| ¤n -¤|
-·¤|l<- +· ·t t ¤t v·¤+ n|nn n ªº|<|·| ¤· ~|l·||l·- t ¤|
ª¤-¤ ¤|-|¤·º| v<|- +·- + ln( ªi- t|-= ª= -·=¤- n n<<
+·- t ¤| :+|:¤| ~|¤|- +| +n +·- ¤|n ¤<|·|| :~|÷i(=| +|
v¤|ª +·- t -- :+|:¤| -·|| l+¤|+n|¤| +| l¤·- v<|- +·- n
+º|-i +·- =¤·|i l<z||l-<z| ¤-|( ª( t
• ¤¤- -¤| ª¤-¤ -¤| + nt·¤¤¸º| ª·||- + ª¤ n -·|·| t -¤| +
:= ª·||- +| ¤·|¤| <- + ln( ¤+ - := -|·| n +n ~lªn| +|
¡% +º| v<|- +·- +| --nº| l+¤| t ¤·| .º¡¡¡. + <|·|-
¤+ - ¤¤- -¤| ¤l·¤|¤-| t- ` ªºº.· +·|÷ +i +º| =in|
ª¤i|- +i t ¤| ¤·| .º¡º¡¡ n ` ¡º·.º¡ +·|÷ ·|i
savings in time and fuel and add to the general efficiency. It
will be a certified Green Building which will showcase a unique
building having maximum design efficiency and most modern
amenities. It also proposes to have all the amenities for the
disabled.
• Bank moved a step further in taking up green initiatives and
implemented "GO GREEN PROJECT" for the first time by
allowing for the facility of downloading interview call letters
online from our Bank's Website for written test as well as
interview was availed from IBPS. This not only saved the time
for communication of dates of written test, interview details
to candidates but also saved the paper which was earlier being
used for both the phases.
• In another step towards implementing green practices at the
organization, a software is under process for making direct
live connection between Vigilance Department at HO level
and Vigilance Officers/Handling Officers at all Circles.
• Bank has formulated guidelines to ensure that the Bank is
financing the projects which is ensuring that all the statutory
and other approvals including from pollution control board
has been obtained before disbursement of term loans.
• Bank has further placed guidelines for providing finance to
units producing clean energy such as solar energy, wind energy
and hydel energy on merits of each case which help in
containing Green House Gases emissions leading to clean
environment. Guidelines have been evolved to curb financing
of units and activities which use Ozone Depleting Substances
(ODS).
• Wind energy has emerged an important source of clean energy.
Towards promotion of this source of energy, the Bank has
envisaged to provide upto 1% of its total advances to this
segment. During the year 2011-12, Bank sanctioned wind
energy projects with limits of ` 389.57 crore as against
` 185.81 crore in the year 2010-11.
=r¬¤¸ª ¤r-=rrª .
¤+ º|n+¸< =¤·|i ªl-l¤l·|¤| ¤· ·|i ·¤|- <-| ·t| t := l<z|| n ¤+ -
'¤i(-¤i t|+i ~+|<ni' +i ª·||¤-| +i t ¤| ¤¸l-¤· t|+i ºin + ª¤ n
¡: = ¡º ¤·| -+ + ¤¤| vl-·||¤|- lº|n|l÷¤| +| -¤|· +· ·ti t ¤t
vlz|-|º||l·|¤| +| lz|-|| ·|¤ª|· -·|| z||·il·+ ¤|·¤-| v<|- +·- + ª¤ n
Promotion of Sports:
Promoting sportsmanship has also been the focus area of the Bank.
Towards this end, "PNB Hockey Academy", established by the Bank
is grooming young talented players in the age group of 14 to 19
years as a part of Junior Hockey Team. This is done by way of
73
supporting the education, employment & physical well being of
the trainees. Senior Hockey Team too has been prepared by
recruiting Hockey players as employees of the Bank. Presently there
are 21 players in the senior hockey team. Hockey players of the
Bank' s academy represented the country in National and
International hockey tournaments like Asia Cup, Junior World Cup,
Nehru Hockey tournament and K. D. Singh Babu Tournament, etc.
D. Other Initiatives
• Asha Project
Asha is working towards progress and development of around
400,000 people living in more than 50 slum colonies of Delhi
by allowing them to realize their potential, regardless of their
background, caste or religious beliefs. Asha addresses deep-
rooted social and poverty induced problems by involving
community members in every aspect of our work with the
aim to make lasting benefits in the lives of slum dwellers
through empowerment, healthcare, education, financial
inclusion and environmental improvement.
PNB has been associating with NGO ASHA for past few years
and participating in the financial inclusion programmes. Under
this, PNB has been financing the slum dwellers through its
branches. During the year 2011-12, 68 beneficiaries were
financed under Education loan / Business loan schemes to the
tune of ` 40 Lakh only.
E. Concluding Remarks:
The performance under CSR by your Bank through its Corporate
Office, Field Offices and also through its CSR arms i.e. PNB Prerna
has reached a plateau which has now visibility and recognition.
However, to improve further, this activity will be made more
broadbased in tie up with reliable socially responsive organizations
and institutions working towards making society a better place to
live in.
=t|¤-| +· ·ti t ¤+ + +n-|·i + ª¤ n t|+i lº|n|l÷¤| +i ·|-i +
,|·| =il-¤· t|+i ºin ·|i -¤|· +i ª: t ¤-n|- n =il-¤· t|+i ºin n
.¡ lº|n|÷i t ¤+ +i ~+|<ni + t|+i lº|n|l÷¤| - ·|·ºi¤ (¤
~-·|·ºi¤ t|+i º¸-|nº n <z| +| vl-l-l·|·¤ l+¤| t l¤-n (lz|¤| +¤
¤¸l-¤· ¤-÷ +¤ -tª t|+i º¸-|nº -·|| +.÷i. l=t ¤|¤¸ º¸-|nº ~|l<
z||lnn t
rr. =-¤ ¤r¬
• =rrrr ¤ft¤r¬ªr
~|z|| l<-ni +i ·º = ·|i ~l·|+ nln- ¤lª-¤| n ·t- ¤|n nª·|ª
:ººººº n|ª| +| --+i =|n·¤-| +| nt=¸= +·- t( --+i
¤·a·|¸ln ¤|l- ¤| ·||ln+ l¤z¤|=| +| ·|<·||¤ l+( l¤-| --+i vªl-
(¤ l¤+|= + ln( +|¤ +· ·ti t ~|z|| tn|· +|¤| + v·¤+ ¤tn¸
n =n<|¤ + =<ª¤| +i =t·||lª-| =l-nln- +·- t( nln- ¤lª-¤|
n ·t- ¤|n n|ª| + ¤i¤- n =z|l+-+·º| ª¤|ª·¤ +i <º|·||n
lz|-|| l¤·-i¤ =n|¤z|- -·|| ¤¤|¤·º|i¤ =·||· + ,|·| n|·| ¤t-|- +
-ªz¤ + =|·| ªt·|: = ¤·ni t: =|n|l¤+ (¤ ª·i¤i = -·vl·-
=nª¤|~| +| =n|·||- +·-i t
¤i(-¤i ~|z|| (-¤i~| + =|·| l¤¤n +¤ ¤·|| = =-¤z t ~|·
l¤·-i¤ =n|¤z|- +|¤+n| n ·||ª n ·t| t :=+ ~-ª- ¤i(-¤i
~¤-i z||º||~| + n|·¤n = nln- ¤lª-¤| + l-¤|l=¤| +| l¤·-i¤
=t|¤-| v<|- +· ·t| t ¤·| .º¡¡¡. + <|·|- lz|-|| +º|/·¤|¤|·
+º| ¤|¤-|~| + ~-ª- ·º n|·||l·|¤| +| ` :º n|º| +| +º| v<|-
l+¤| ª¤| t
z =nr¤ª .
~|¤+| ¤+ ~¤- l-ªln- +|¤|n¤ ¤·i-÷ +|¤|n¤| ~|· ¤i(-¤i v·º|| +
ª¤ n l-ªln- =|n|l¤+ --|·<|l¤·¤ =|¬-| + n|·¤n = ¤t-· +|¤l-·¤|<-
,|·| ~¤-| n-¤ (¤ ¤t-|- ¤-| -+| t -·||l¤ :=n ~|· =·||· + ln(
=n|¤ + -··||- ~|· := ¤t-· ¤-|- + ln( +|¤·- l¤z¤=-i¤ =|n|l¤+
-·-·<|¤i =ªa-| -·|| =ª·||-| + =|·| ªa¤¬- + ,|·| := ªl-l¤l¬ +|
~l·|+ ·¤|¤+ ¤-|¤| ¤|(ª|
74
Mr Pranab Mukherjee giving ED Mrs Usha Ananthasubramanian the award for Best Socially Responsive
Bank on behalf of Punjab National Bank conferred by Business World and PwC on the basis of Growth
score in priority sector advances & total agriculture advances and Reach & Delivery score.
75
Disclosure under Basel II (Pillar 3) in terms of Revised Capital
Adequacy Framework – for year ended 31.03.2012
Disclosures in this report pertain to Punjab National Bank (Solo).
The Capital to Risk-weighted Assets Ratio (CRAR) of the bank and
its eight subsidiaries on stand-alone basis are shown separately in
para 3.7.
DF1. Scope of application
1.1. Punjab National Bank is the top bank in the group to which
the revised capital adequacy framework applies. The bank
has following five domestic subsidiaries:
Name of the Entity Country of Proportion of
incorporation ownership
percentage
1 PNB Housing Finance Ltd. India 74.00%
2 PNB Gilts Ltd. India 74.07%
3. PNB Investment Services Ltd. India 100.00%
4. PNB Insurance Broking Pvt Ltd India 81.00%
5. PNB Life Insurance Company Ltd India 88.00%
Apart from these the Bank has three International Subsidiaries
Name of the Entity Country of Proportion of
incorporation ownership
percentage
i) PNB International Ltd., UK UK 100.00%
ii) Druk PNB Bank Ltd Bhutan 51.00%
iii) JSC SB PNB Kazakhstan Kazakhstan 84.375%
1.2 Bank is having 20% or more stake in following Domestic
entities (Associates)
Name of the Entity Country of Proportion of
incorporation ownership
percentage
i) Assets Care & Reconstruction
Enterprise Ltd. India 30%
ii) Principal PNB Asset Management
Co. Pvt. Ltd India 30%
iii) Principal Trustee Co. Pvt. Ltd. India 30%
iv) India Factoring and Finance
Solutions Pvt. Ltd. India 30%
v) Haryana Gramin Bank India 35%
vi) Himachal Gramin Bank India 35%
vii) Madhya Bihar Gramin Bank India 35%
viii) Punjab Gramin Bank India 35%
ix) Rajasthan Gramin Bank India 35%
x) Sarva UP Gramin Bank India 35%
The Bank has one Joint Venture outside India
Name of the Entity Country of Proportion of
incorporation ownership
percentage
i) Everest Bank Ltd. Nepal 20%
=rrrf¤a ¤¸¬t ¤¤rtaar ¤n¤¤ ¤ =¤tª ¤=¬-II
(tar+r-s¸ ¤ =-ana ¤¤ºt¤t¢r - s+.os.zo+z ¤r =nrta ¤rr
:= l·¤|º n <i ª¤i ¤|-+|l·¤| ¤¤|¤ -z|-n ¤+
+n| = =-¤l-¬-t ¤+ ~|· :=+i ~|a ~-·|lª¤| + =i~|·(~|· (+n :ªº÷ ~n|-|
~|¬|· ¤· ¤·| ª. n ~nª = <z||( ª( t
ztq¤·+. ¤¤rn ¤t =+rr¤ªr
¡.¡ ¤¤|¤ -z|-n ¤+ -= =n¸t n z|i·| ¤+ t l¤= ¤· =z||l¬- ¤¸¤i
¤¤|---| +n¤+ n|ª¸ t|- t ¤+ +i <z| n lª·|- l---lnlº|- ·
~-·|lª¤| t ·
=ªrrnt ¤r ªrn f¤= ªrr n ¤ªt t¤rfn-¤ x ¤r
=ª¤ra
i| ¤i(-¤i lª-º= lnlnº÷ ·||·- :.º
ii| ¤i(-¤i t|-l= ª ¤·|:- = lnlnº ÷ ·||·- :.ºº
iii| ¤i(-¤i l-¤z| =¤|( lnlnº÷ ·||·- ¡ºº.ºº
iv| ¤i(-¤i lvl=¤n :z¤|·= ¤|l+ª v|.ln. ·||·- º¡.ºº
v| lvl=¤n ¤i(-¤i n|:¤· :z¤|·= +¤-i ln. ·||·- ºº.ºº
:-+ ~n|¤| ¤+ +i -i- ~--·|·ºi¤ ~-·|lª¤| ·|i t ·
=ªrrnt ¤r ªrn f¤= ªrr n ¤ªt t¤rfn-¤ x ¤r
=ª¤ra
i| ¤ ¤|¤ - z|-n ¤ + :~--· |·º i¤| ln ¤¸-|º÷ l+·÷n ¡ºº.ºº
ii| ÷+ ¤i(-¤i ¤+ ln. ·|¸º|- ·¡.ºº
iii| ¤(==i <|-| ¤+ +¤|º|ª-|- º:.ª·
+.z fªrªf¬f=ra =tºrr=r n ¤¤ ¤r zox =ºr¤r =f¤¤ frt=r r .
(=r¤rnt¸
=tºrr ¤r ªrn f¤= ªrr t¤rfn-¤ ¤farra
n ¤ªt ¤t nr·rr
i) ~=º +¤· (÷ ·i+ªº+z|-
(º·v|:¤¤ lnlnº÷¸ ·||·- ªº·
ii) lvl=¤n ¤i(-¤i ~=º n-¤nº
+-¤-i v|.ln. ·||·- ªº·
iii) lvl=¤n ºªºi +-¤-i v|.ln. ·||·- ªº·
iv) :l÷¤| ¤·+ºl·ª (÷ ·|:-=
=|-¤¸z|= v|.ln. ·||·- ªº·
v) tl·¤|º|| ª|niº| ¤+ ·||·- ª··
vi) ltn|-n ª|niº| ¤ + ·||·- ª··
vii) n·¤ l¤t|· ª|niº| ¤+ ·||·- ª··
viii) ¤¤|¤ ª|niº| ¤+ ·||·- ª··
ix) ·|¤ª·||- ª|niº| ¤+ ·||·- ª··
x) =¤ ¤¸¤i ª|niº| ¤ + ·||·- ª··
¤+ +| ·||·- = ¤|t· (+ =¤+- -¤n t ·
;¤r; ¤r ªrn fªnnª t¤rfn-¤ =ª¤ra
¤r ¤farra
i) (¤·ªº ¤+ lnlnº÷ -¤|n .º·
76
1.3. Position of Capital
(` in crore)
Particulars 31.03.2011 31.03.2012
The aggregate amount
of capital deficiencies in
all subsidiaries not
included in the
consolidation i.e. that are
deducted and the
name(s) of such
subsidiaries
There is no capital
deficiency in any
of the subsidiaries
There is no
capital deficiency
in any of the
subsidiaries
Series Date of Bond Amount Coupon Rate* Tenor Call option* Put Option
Allotment (` in Crs)
I 20.07.2007 500 Perpetual None
II 11.12.2007 300 Perpetual None
III 18.01.2008 300 Perpetual None
10.40% annual for
first 10 Years. Step
up Coupon Rate of
10.90% annual for
all subsequent years
if call option is not
exercised at the end
of 10
th
year from the
date of allotment
At par at the
end of 10
th
year
from date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
9.75% annual for
first 10 years. Step
up Coupon Rate of
10.25% annual for
all subsequent years
if call option is not
exercised at the end
of 10
th
year from the
date of allotment.
At par at the
end of 10
th
year
from date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
9.45% annual for
first 10 years. Step
up Coupon Rate of
9.95% annual for all
subsequent years if
call option is not
exercised at the end
of 10
th
year from the
date of allotment
At par at the
end of 10
th
year
from date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
¡.ª ¤¸¤i +i lª·|l-·
:`+·|÷ n|
f¤¤t¢r s+.os.zo++ s+.os.zo+z
¡.: ¤ + ¤- n|- n ¤in| ªl-l¤l¬¤| n = ln-- -ti t -·||l¤ ¤ + -
¤in| +|¤ +· ·ti l---lnlº|- . ~- ·| lª¤| n z| ¤·¤¸ ¤i n l-¤ z|
l+¤| t ·
a. ¤r¤ªt ¤r ªrn f¤= ªrr t¤rfn-¤ =ª¤ra =f¤a n¸r¤ ¤rt n¸r¤
= . n ¤ªt (` ¤trz n¸(` ¤trz n¸
¡. ¤i(-¤i lvl=¤n :z¤|·=
¤ |l+ª v|.ln ·||·- º¡· :.º· ¡¡.ª
.. lvl=¤n ¤i(-¤i n|: ¤·
:z¤|·= +-¤-i ln. ·||·- ºº· ¡.· º.º.
¤i(-¤i lvl=¤n :z¤|·= ¤|l+ª v|.ln. (=i +-¤-i t ¤| :z¤|·= ·ªnº·i
(¤ ÷¤n¤nº ~·||l·ºi :~|:~|·÷i(| ,|·| v<·- n|:== + ~-=|· 'v·¤-|
¤|+·' +|¤+n|¤ n =n·- t ¤t (+ z|n +¤-i t ~|· ¤|l+ª n|:==
~|:~|·÷i( +| =¤< +· l<¤| t +¤-i + =n|¤- + ln( +<n -a|(
¤| ·t t
¤i(-¤i n|:¤· :z¤|·= ¤in| +¤-i ln. +| ¤i¤- :z¤|·= +|·|¤|· z|ª
+·- + ln( =l-nln- l+¤| ª¤| ·|| nl+- ¤l·-|ln- -ti l+¤| ¤| =+|
+¤-i ¤l·=n|¤- + ~¬i- t ~|· := -ªz¤ + ln( l<-|+ º.ºª..º¡.
+| <ª-|¤¤ ~|·~|=i n <|¤· l+¤ ª¤ t
ztq¤·z. ¤¸¬tna =t¤ªr
..¡ ¤+ +i ºi¤· I ¤¸¤i n :l+¤ºi z|¤· v|·l-|- l-l¬¤| ~|· -¤|-n·|
¤ln¤|<i ¤¬¤·| z||lnn t
¤+ - ºi¤·¤¸¤i n =n|¤z| t- -¤|-n·| ¤ln¤|<i ¤¬¤·| :ºi¤·I
¤¸¤i| ~|· ~-¤ ¤|·| ¤¬¤·| ·|i ¤|·i l+( t ¤¬¤·|| + +¤
nt·¤¤¸º| l-¤¬- l---¤-¸ t·
v| ln=·i -| º :ºi¤· I¤ ¬¤·|| + ª¤ n ¤ ln¤|<i ~vl-·|¸ - ~¤l·¤- -i¤
ª|º| ¤¬¤·|
v =r¬r =r¤ ºª fafºr ¤r ¢z trfrr ¤¸ ¤ª ªt* =¤f¤ nr n f¤¤r¤' f¤a¤
(` ¤tr z n ¸ f¤¤r¤
I. .º.º..ºº ·ºº ¤ln¤|<i +|: -ti
II. ¡¡.¡...ºº ªºº ¤ln¤|<i +|: -ti
III. ¡º.º¡..ººº ªºº ¤ln¤|<i +|: -ti
=n+- n - z||lnn +i ª:
~- ·| lª¤| / ~·|| -¸ ( =i
~-·|lª¤| +i +n ¤¤iª-
+ln¤| +i +n ·|lz| l¤-t
=¸-i n = +|º l<¤| ª¤| t
-·|| -- ~-·|lª¤| + -|n
l+=i ~- ·| ªi n ( =i
¤¸ ¤iª- +| : ·|i +ni
-ti t
l+=i ~- ·| ªi n
( =i ¤¸ ¤iª- +| : ·|i
+ni -ti t
¤tn ¡º ¤·| + ln
¡º.:º· ¤|l·| + ¤l<
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·¤-i ¤·|| +
ln( ¡º.ºº ¤|l·| + +¸ ¤-
<· +| ¤· |¤| ¤|(
~|¤ º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< v·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¸¤| -nl- =|
¤tn ¡º ¤·| + ln(
º. ·· ¤| l ·| + ¤l <
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·i¤-i ¤·|| +
ln( ¡º..·· ¤|l·| + +i
¤¬ + +¸ ¤- <·
~|¤ º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< v·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¸¤| -nl- =|
¤tn ¡º ¤·| + ln(
º. :·· ¤| l·| + ¤l<
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·¤-i ¤·|| +
ln( º.º·· ¤|l·| + +i
¤¬ + +¸¤· <·
~|¤º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< ¤ ·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¤| -nl- =|
1.4. The bank presently is not involved in insurance manufacturing
activity. However, bank has invested in the share capital in
the following two insurance related subsidiaries:
S. Name of the company Country of Proportion of FaceValue Book value
No. Incorporation ownership (‘in crore) (‘in crore)
1. PNB Insurance Broking
Pvt. Ltd. India 81% 4.05 11.73
2. PNB Life Insurance
Company Ltd. India 88% 1.76 0.82
PNB Insurance Broking Pvt. Ltd was licensed by Insurance
Regulatory & Development Authority (IRDA) to carry out “Direct
Broker” activity. It is a shell company and has surrendered the
broking license to IRDA. Steps are being taken for winding up of
the company.
PNB Life Insurance Company Ltd. was incorporated to commence
life insurance business but not operationalized. The company is
under liquidation and documents for the purpose have been filed
with ROC on 07-03-2012.
DF2.Capital Structure
2.1 Bank’s Tier I capital comprises of Equity Shares, Reserves and
Innovative Perpetual Bonds.
Bank has issued Innovative Perpetual Bonds (Tier 1 capital)
and also other bonds eligible for inclusion in Tier 2 capital.
Some of the important terms of the bonds are as under:
a. Perpetual Unsecured Non-Convertible Subordinated
Bonds in the nature of Promissory Notes (Tier I bonds)
77
Series Date of Bond Amount Coupon Rate* Tenor Call option* Put Option
Allotment (` in Crs)
IV 19.01.2009 220.50 Perpetual None
V 28.08.2009 500 Perpetual None
VI 27.11.2009 200 Perpetual None
TOTAL 2020.50
* subject to RBI guidelines
b. Unsecured Redeemable Non-Convertible Subordinated Bonds
in the nature of Promissory Notes (Upper Tier 2 bonds).
Series Date of Bond Coupon Rate* Tenor Call Put Redemption/
Allotment Amount Option* Option Maturity*
I 08.12.2006 500 15 years None
II 12.12.2007 500 15 years None
III 05.03.2008 510 15 years None
IV 27.03.2008 600 15 years None
8.90% annual for
first 10 years. Step
up Coupon Rate of
9.40% annual for all
subsequent years if
call option is not
exercised at the end
of 10
th
year from the
date of allotment.
At par at the
end of 10
th
year
from date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
9.15% annual for
first 10 years. Step
up Coupon Rate of
9.65% annual for all
subsequent years if
call option is not
exercised at the end
of 10
th
year from the
date of allotment.
At par at the
end of 10
th
year
from date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
9.00% annual for
first 10 years. Step
up Coupon Rate of
9.50% annual for all
subsequent years if
call option is not
exercised at the end
of 10
th
year from the
date of allotment.
At par at the end
of 10
th
year from
date of
allotment and
thereafter on
each coupon
date (with prior
RBI permission)
Interest at the rate
of 8.80% p.a.
payable annually. If
the call option is not
exercised at the end
of 10
th
year from
date of allotment
then the bonds shall
carry the interest of
9.30% payable
annually for the last
five years i.e. 11
th
to
15
th
year
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission)
At par at the end
of the 15th year
from the date of
allotment, if the
call option is not
exercised at the
end of 10
th
year.
Interest at the rate
of 9.35% p.a.
payable annually. If
the call option is not
exercised at the end
of 10
th
year from
date of allotment
then the bonds shall
carry the interest of
9.85% payable
annually for the last
five years i.e. 11
th
to
15
th
year
At par at the
end of 10
th
year from
the date of
allotment
(with prior
RBI
permission)
At par at the end
of the 15th year
from the date of
allotment, if the
call option is not
exercised at the
end of 10
th
year.
Interest at the rate
of 9.35% p.a.
payable annually. If
the call option is not
exercised at the end
of 10
th
year from
date of allotment
then the bonds shall
carry the interest of
9.85% payable
annually for the last
five years i.e. 11
th
to
15
th
year
At par at the
end of 10
th
year from
the date of
allotment
(with prior
RBI
permission)
At par at the end
of the 15th year
from the date of
allotment, if the
call option is not
exercised at the
end of 10
th
year.
Interest at the rate
of 9.45% p.a.
payable annually. If
the call option is not
exercised at the end
of 10
th
year from
date of allotment
then the bonds shall
carry the interest of
9.95% payable
annually for the last
five years i.e. 11
th
to
15
th
year
At par at the
end of 10
th
year from
the date of
allotment
(with prior
RBI
permission)
At par at the end
of the 15th year
from the date of
allotment, if the
call option is not
exercised at the
end of 10
th
year.
rr=r¬r =r¤ ºª fafºr ¤r ¢z trfrr ¤¸ ¤ª ªt* =¤f¤ nr n f¤¤r¤' f¤a¤
(¤tr z = .n ¸ f¤¤r¤
IV. ¡º.º¡..ººº ..º.·º ¤ln¤|<i +|: -ti
V. .º.ºº..ººº ·ºº ¤ln¤|<i +|: -ti
VI. ..¡¡..ººº .ºº ¤ln¤|<i +|: -ti
+n .º.º.·º
* ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| +i z|-| + ~¬|i-
º|| v|ln=·i -|º +i v+l- n ~vl-·|¸- vl-<¤ -|- +-¤lº¤n ª|º|
¤|º÷:~¤· ºi¤· ¤¬¤·||
v =r¬r =r¤ºª fafºr ¤r¢z trfrr ¤¸¤t ªt* =¤f¤ nrn f¤¤r¤* f¤a¤ nr ¤ª
(` ¤trz n¸
I. ºº.¡...ºº· ·ºº ¡· ¤·| +|:
-ti
II. ¡..¡...ºº ·ºº ¡· ¤·| +|:
-ti
III. º·.ºª..ººº ·¡º ¡· ¤·| +|:
-ti
IV. ..ºª..ººº ·ºº ¡· ¤·| +|:
-ti
¤tn ¡º ¤·| + ln(
º.ºº· ¤| l·| + ¤l<
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·¤-i ¤·|| +
ln( º.:º· +· ¤|l·| +
¤¬ + +¸¤· <·
~|¤ º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< v·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¸¤| -nl- =|
¤tn ¡º ¤·| + ln(
º. ºº· ¤| l·| + ¤l<
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·¤-i ¤·|| +
ln( º.·º· +i ¤|l·| +
¤¬ + +¸ ¤- <·
~|¤ º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< v·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¸¤| -nl- =|
¤tn ¡º ¤·| + ln(
º. ¡·· ¤| l·| + ¤l<
~|¤ º- +i l-l·| = ¡º
¤·| + ~ - n +| n ~|-z|-
+| v¤| ª -ti l+¤| ª¤|
-| =·|i ¤·¤-i ¤·|| +
ln( º.··· +i ¤|l·| +
¤¬ + +¸ ¤- <·
~|¤ º- +i l-l·| =
¡º ¤·| + ~- n
=nn¸ -¤ ¤· ~| ·
-=+ ¤|< v·¤ +
+¸ ¤- l -l ·| ¤·
:·||·-i¤ l·¤¤ ¤+
+i ¤¸¤| -nl- =|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·| =
¡· ¤·| + ~- n
=nn¸ -¤ ¤· ¤l< ¡º
¤·| + ~- n n|ª
l¤+-¤ +| v¤| ª
-ti l+¤| ª¤| t
º.ºº· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤ º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -|
¤|º÷| ¤· l¤¤n ·
¤·|| ~·|| -¸ ¡¡ = ¡·
¤·| + ln( º.ªº· =
¤l·| + ·¤|¤ = < ¤ t| ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·| =
¡· ¤·| + ~- n
=nn¸ -¤ ¤· ¤l< ¡º
¤·| + ~- n n|ª
l¤+-¤ +| v¤| ª -ti
l+¤| ª¤| t
º.ª·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -|
¤|º÷| ¤· l¤¤n ·
¤·|| ~·|| -¸ ¡¡ = ¡·
¤·| + ln( º.º·· =
¤l·| + ·¤|¤ = < ¤ t| ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·| =
¡· ¤·| + ~- n
=nn¸ -¤ ¤· ¤l< ¡º
¤·| + ~- n n|ª
l¤+-¤ +| v¤| ª -ti
l+¤| ª¤| t
º.ª·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤ º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -|
¤|º÷| ¤· l¤¤n ·
¤·|| ~·|| -¸ ¡¡ = ¡·
¤·| + ln( º.º·· =
¤l·| + ·¤|¤ = < ¤ t| ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·| =
¡· ¤·| + ~- n
=nn¸ -¤ ¤· ¤l< ¡º
¤·| + ~- n n|ª
l¤+-¤ +| v¤| ª -ti
l+¤| ª¤| t
º.:·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( º.º·· =
¤l·| + ·¤|¤ = < ¤ t| ª|
78
Series Date of Bond Coupon Rate* Tenor Call Put Redemption/
Allotment Amount Option* Option Maturity*
V 29.09.2008 500 15 years None
VI 22.12.2008 500 15 years None
VII 18.02.2009 1000 15 years None
VIII 21.04.2009 500 15 years None
IX 04.06.2009 500 15 years None
X 09.09.2009 500 15 years None
Interest will be paid
at the rate of
10.85% p.a.
payable annually. If
the call option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
11.35% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission)
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year.
Interest will be paid
at the rate of 8.95%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
9.45% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year.
Interest will be paid
at the rate of 9.15%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
9.65% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
Interest will be paid
at the rate of 8.80%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
9.30% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
Interest will be paid
at the rate of 8.37%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
8.87% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
Interest will be paid
at the rate of 8.60%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
9.10% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
v =r¬r =r¤ºª fafºr ¤r¢z trfrr ¤¸¤t ªt* =¤f¤ nrn f¤¤r¤* f¤a¤ nr ¤ª
(` ¤trz n¸
V. .º.ºº..ººº ·ºº ¡· ¤·| +|:
-ti
VI. ...¡...ººº ·ºº ¡· ¤·| +|:
-ti
VII. ¡º.º...ººº ¡ººº ¡· ¤·| +|:
-ti
VIII. .¡.º:..ººº ·ºº ¡· ¤·| +|:
-ti
IX. º:.º·..ººº ·ºº ¡· ¤·| +|:
-ti
X. ºº.ºº..ººº ·ºº ¡· ¤·| +|:
-ti
¡º.º·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( ¡¡.ª·· =
¤l·| + ·¤|¤ = < ¤ t| ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸-¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i
¤¸¤|-nl- =|
~|¤ º- +i l-l·|
= ¡· ¤·| + ~-
n =nn¸ -¤ ¤· ¤l<
¡º ¤·| + ~- n
n| ª l¤+-¤ +|
v¤| ª -ti l+¤|
ª¤| t
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·|
= ¡· ¤·| + ~-
n =nn¸ -¤ ¤· ¤l<
¡º ¤·| + ~- n
n| ª l¤+-¤ +|
v¤|ª -ti l+¤|
ª¤| t
º.º·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( º.:·· = ¤l·| +
·¤|¤ =<¤ t|ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤º- +i l-l·|
= ¡· ¤·| + ~-
n =nn¸-¤ ¤· ¤l<
¡º ¤·| + ~- n
n| ª l¤+-¤ +|
v¤| ª -ti l+¤|
ª¤| t
º.¡·· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( º.··· = ¤l·| +
·¤|¤ =<¤ t|ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i ¤¸ ¤| - nl-
= |
~|¤ º- +i l-l·| =
¡· ¤·| + ~- n
=nn¸ -¤ ¤· ¤l< ¡º
¤·| + ~- n n|ª
l¤+-¤ +| v¤| ª
-ti l+¤| ª¤| t
º.ºº· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·|| ~·|| -¸
¡¡ = ¡· ¤·| + ln(
º.ªº· = ¤l·| + ·¤|¤
=<¤ t|ª|
º.ª· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·|| ~·|| -¸
¡¡ = ¡· ¤·| + ln(
º.º· = ¤l·| + ·¤|¤
=<¤ t|ª|
~|¤ º- +i l-l·|
= ¡º ¤·| + ~ -
n =nn¸-¤ ¤·
:·||·-i¤ l·¤¤
¤ + +i
¤¸¤|-nl- =|
~|¤ º- +i l-l·|
= ¡· ¤·| + ~-
n =nn¸ -¤ ¤· ¤l<
¡º ¤·| + ~- n
n| ª l¤+-¤ +|
v¤| ª -t; l+¤|
ª¤| t
~| ¤ º- +i
l-l·| = ¡º ¤·|
+ ~ - n
=nn¸ -¤ ¤·
:·||·-i¤ l·¤¤
¤ + +i
¤¸¤|-nl- =|
~|¤ º- +i l-l·|
= ¡· ¤·| + ~-
n =nn¸ -¤ ¤· ¤l<
¡º ¤·| + ~- n
n| ª l¤+-¤ +|
v¤|ª -ti l+¤|
ª¤| t
º.·º· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·|| ~·|| -¸
¡¡ = ¡· ¤·| + ln(
º.¡º· = ¤l·| + ·¤|¤
=<¤ t|ª|
79
Series Date of Bond Coupon Rate* Tenor Call Put Redemption/
Allotment Amount Option* Option Maturity*
XI 27.11.2009 500 15 years None
XII 24.05.2010 500 15 years NONE
Total 6610.00
*subject to RBI guidelines
c. Unsecured Redeemable Non Convertible Subordinated Bonds
in the nature of Promissory Notes (Tier 2 bonds):
Sr. Series Date of Bond Coupon Rate Tenor Date of
No. Allotment Amount (% p.a. payable (in months) Maturity
(Rs in Crs) annually)
i) VIII (ii) 18.07.2002 295.00 8.80 117 18.4.2012
ii) IX 04.09.2003 265.00 5.80 116 04.5.2013
iii) X 08.03.2004 500.00 5.90 111 08.6.2013
iv) XI 16.06.2006 884.80 8.45 118 16.4.2016
v) XII 16.08.2006 115.00 9.15 116 16.4.2016
vi) XIII 08.09.2006 500.00 8.95 115 08.4.2016
Total 2559.80
2.2. The Tier 1 capital of the bank comprises:
(` in crore)
Particulars 31.03.2012 31.03.2011
i) Paid up share capital 339.18 316.81
ii) Reserves (excluding
revaluation reserves) 25734.66 19468.10
iii) Innovative Perpetual Bonds 0.00 0.00
iv) Other Capital Instruments
v) Equity Investment in
subsidiaries (50%) 559.26 409.45
vi) Intangible Assets (Deferred
Tax Assets + Computer
Software) 455.11 417.09
vii) Dep. for illiquid securities 0.00 0.00
Tier I Capital (i + ii + iii +
iv –v –vi-vii) 27079.97 20978.87
Interest will be paid
at the rate of 8.50%
p.a. payable
annually. If the call
option is not
exercised at the end
of 10
th
year from the
date of allotment
then the bonds shall
carry the interest of
8.87% payable
annually for the last
five years i.e. 11
th
to
15
th
year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
Interest will be paid
at the rate of
8.50% p.a. payable
annually. If the call
option is not
exercised at the end
of 10th year from
the date of
allotment then the
bonds shall carry the
interest of 8.87 %
payable annually for
the last five years i.e.
11th to 15th year.
At par at the
end of 10
th
year from the
date of
a l l o t me n t
(with prior
R B I
permission
At par at the end
of the 15
th
year
from the date of
allotment, if the
call is not
exercised at the
end of 10
th
year
v =r¬r =r¤ºª fafºr ¤r¢z trfrr ¤¸¤t ªt* =¤f¤ nrn f¤¤r¤* f¤a¤ nr ¤ª
(` ¤tr z n ¸
XI. ..¡¡..ººº ·ºº ¡· ¤·| +|:
-ti
XII. .:.º·..º¡º ·ºº ¡· ¤·| +|:
-ti
¤| ÷ ··¡º
*·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| +i z|-| + ~¬i-
ª. v|ln=·i -|º +i v+l- n ~vl-·|¸- vl-<¤ -|- +-¤lº¤n ª|º| ¤|º÷
:ºi¤· ¤¬¤·||
an v =r¬r =r¤ ºª fafºr ¤r ¢z trfrr ¤¸ ¤ª ªt =¤f¤ ¤ft¤¤¤ar
=. ¤trz =. ¤fa ¤rr nrr n fafºr
n ¤rfrr¤ ª¤
i| VIII :ii| ¡º.º..ºº. .º·.ºº º.ºº ¡¡ ¡º.º:..º¡.
ii| IX º:.ºº..ººª .··.ºº ·.ºº ¡¡· º:.º·..º¡ª
iii| X ºº.ºª..ºº: ·ºº.ºº ·.ºº ¡¡¡ ºº.º·..º¡ª
iv| XI ¡·.º·..ºº· ºº:.ºº º.:· ¡¡º ¡·.º:..º¡·
v| XII ¡·.ºº..ºº· ¡¡·.ºº º.¡· ¡¡· ¡·.º:..º¡·
vi| XIII ºº.ºº..ºº· ·ºº.ºº º.º· ¡¡· ºº.º:..º¡·
¤| ÷ .··º.ºº
... ¤+ +i ºi¤· ¡ ¤¸¤i n l---lnlº|- =l-nln- t ·
:` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
i| -+-| z|¤· ¤¸¤i ªªº.¡º ª¡·.º¡
ii| v|·l-|- l-l¬¤| :¤-n¸-¤-
v|·l-|- l-l¬¤| +| ¤|÷+·| .·ª:.·· ¡º:·º.¡º
iii| -¤|-n·| ¤ln¤|<i ¤|º÷ º.ºº º.ºº
iv| ~-¤ ¤¸¤iª- lnº|-
v| ~-·|lª¤| n :l+¤ºi
l-¤z| :·º·| ··º..· :ºº.:·
vi| ~n¸- ~|lª-¤| :~|ª·|lª- +·
~|lª-¤| - +--¤¸º· =|º¤¤·| :··.¡¡ :¡.ºº
vii| -·n ~|lª-¤| = l·|-- ~|lª-¤|
+ ln( n¸-¤r|= º.ºº º.ºº
ºi¤· ¤¸¤i(i +ii+iii+iv-v-
vi- vii) .ºº.º .ººº.º
~| ¤ º- +i
l-l·| = ¡º ¤·|
+ ~ - n
=nn¸ -¤ ¤·
:·||·-i¤ l·¤ ¤
¤ + +i
¤¸¤|-nl- =|
~|¤º- +i l-l·|
= ¡· ¤·| + ~ -
n =nn¸ -¤ ¤·
¤l< ¡º ¤·| +
~ - n n| ª
l¤+-¤ +| v¤| ª
-ti l+¤| ª¤| t
º.·º· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( º.º· = ¤l·| +
·¤|¤ =<¤ t|ª|
~| ¤ º- +i
l-l·| = ¡º
¤·| + ~- n
=nn¸ -¤ ¤·
: · | | · - i ¤
l·¤ ¤ ¤ + +i
¤¸¤|-nl- =|
~|¤º- +i l-l·|
= ¡· ¤·| + ~ -
n =nn¸ -¤ ¤·
¤l< ¡º ¤·| +
~ - n n| ª
l¤+-¤ +| v¤| ª
-ti l+¤| ª¤| t
º.·º· ¤ l- ¤·| <· ¤·
·¤|¤ ¤|l·|+ =<¤ t
¤l< ~|¤º- +i l-l·|
= ¡º ¤·| + ~- n
+| n ~|-z|- +| ¤ ¤| ª
-ti l+¤| ª¤| -| ¤| º÷|
¤· l¤¤n · ¤·||
~·|| -¸ ¡¡ = ¡· ¤·|
+ ln( º.º· = ¤l·| +
·¤|¤ =<¤ t|ª|
80
2.3. The amount of Tier 2 capital (net of deductions) is:
(` in crore)
Particulars 31.03.2012 31.03.2011
The amount of Tier 2 capital
(net of deductions) 9772.62 9908.81
2.4. The debt capital instruments eligible for inclusion in Upper
Tier 2 capital are:
(` in Crores)
Particulars 31.03.2012 31.03.2011
Total amount outstanding 6610.00 6610.00
Of which amount raised during
the current year 0.00 500.00
Amount eligible to be reckoned
as capital funds 6610.00 6610.00
2.5. The subordinated debts eligible for inclusion in Lower Tier 2
capital is:
(` in crores)
31.03.2012 31.03.2011
Total amount outstanding 2559.80 2559.80
Of which amount raised during
the current year 0.00 0.00
Amount eligible to be reckoned
as capital funds 1352.84 1864.80
2.6. Other deductions from capital, if any:
(` in crores)
31.03.2012 31.03.2011
Other deductions from capital,
if any: NIL NIL
2.7. The total eligible capital comprises:
(` in crores)
31.03.2012 31.03.2011
Tier – I Capital 27079.97 20978.87
Tier – II Capital 9772.62 9908.81
Total Capital 36852.59 30887.68
DF.3. Capital Adequacy
The bank believes in the policy of total risk management.
The bank views the risk management function as a holistic
approach whereby risk retention is considered appropriate
after giving due consideration to factors such as specific
risk characteristics of obligor, inter relationship between risk
variables and corresponding return and achievement of
various business objectives within the controlled operational
risk environment. Bank believes that risk management is
one of the foremost responsibilities of top/ senior
..ª ºi¤· . ¤¸¤i +i ·|lz| :+º|l-¤| + ¤|<| l---lnlº|- t
:` +·|÷ n|
l¤¤t¢r s+.os.zo+z s+.os.zo++
ºi¤· . ¤¸¤i +i ·|lz| :+º|l-¤|
+ ¤|<| º..·. ºººº.º¡
..: ~¤· ºi¤· . ¤¸ ¤i n =n|¤ z| t - ¤|·| -¬|· ¤¸ ¤i lnº|-
l---lnlº|- t ·
:` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
+n ¤+|¤| ·|lz| ··¡º.ºº ··¡º.ºº
l¤=n = -|n¸ ¤·| + <|·|-
¤º|: ª: ·|lz| º.ºº ·ºº.ºº
¤¸¤iª- l-l¬ + ª¤ n n|-¤
¤|·| ·|lz| ··¡º.ºº ··¡º.ºº
..· n|~· ºi¤·. ¤¸¤i n =n|¤z| t- ¤|·| ª|º| -¬|· ·
:` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
+n ¤+|¤| ·|lz| .··º.ºº .··º.ºº
l¤=n = -|n¸ ¤·| + <|·|-
¤º|: ª: ·|lz| º.ºº º.ºº
¤¸¤iª- l-l¬ + ª¤ n n|-¤
¤|·| ·|lz| ¡ª·..º: ¡º·:.ºº
..· ¤¸¤i = +|: ~|· +º|l-¤| ¤l< t|
:` +·|÷ n|
s+.os.zo+z s+.os.zo++
¤l< ¤¸¤i = +|: ~|· +º|-i t: t| z|¸-¤ z|¸-¤
.. +n ¤|·| ¤¸¤i n l---lnlº|- z||lnn t ·
:` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
ºi¤· ¤¸¤i .ºº.º .ººº.º
ºi¤· ¤¸¤i º..·. ºººº.º¡
+n ¤¸¤i ª·º·..·º ªººº.·º
ztq¤·s. ¤¬t ¤¤rtaar
¤+ =nª ¤|lº|n v¤-¬- -il- n l¤z¤|= ·º|-| t ~|· ¤|lº|n +
vl- =nª <l·º+|º| ·º|- t( ¤|·¤-|¬|·i = =-¤z l¤z|·| ¤|lº|n|
¤|lº|n n t|- ¤|n --|· -·|¤ + ¤i- n ¤·ª¤· =-¤-¬ ~|·
l-¤l·|- ¤l·-|n+ ¤|lº|n ¤|-|¤·º| + ·|i-· -<-ª¤ l¤¤·lº|¤| ~|·
+|·|¤|· + l¤l·|-- -ªz¤| +i -¤nl·¬¤| + l¤lz|·º ¤|lº|n n-|º||
+| -l-- nt·¤ <- t( ¤|lº|n +| =t- +·-| -l-- n|-| ¤|-| t
¤+ +| ¤t l¤z¤|= t l+ =¤|--/¤l··a v¤-¬- + <|l¤·¤| n
¤|lº|n v¤-¬- +| vnº| ª·||- t l-<z|+ nº÷n ·¤|¤+ ª¤ =
81
¤|lº|n v¤-¬- -il-¤| ¤· ¤·=n| n-| t ~|· ¤|lº|n v¤-¬- <z|-
¤ -il- +º| v¤-¬- ¤ ¤|lº|n v¤-¬- -il- l-¤z| -il- ~|lª-
<¤-| v¤-¬- -il- ¤l·-|n-ª- ¤|lº|n v¤-¬- -il- ~|--l·+ ¤¸¤i
¤¤|---| l-¬|·º| vl+¤| -il- :~|:=i((¤i| +º| ¤|lº|n -¤¸-i+·º|
¤ =-¤|lz¤+ v¤-¬- -il- <¤|¤ ¤|- -il- -·|| +|·|¤|· v+l-/
ªl-l¤l¬¤| +i ª¤·º|| +| ~-n|<- +·-| t l¤-n ¤+ + l¤l·|--
¤|lº|n| + =-¤-¬ n =nl+- v¤-¬- + ln( l<z||l-<z| -·|| +|¤
-il-¤| -¤ t|-i t :- -il-¤| n ~-¤ ¤|-| + =|·| =|·| := ¤|-
+| ·|i --nº| t|-| t l+ z|ª~|- +t| = +i ¤|¤ªi º|-·| +t|
t ~|· l+- ¤|-| ¤· ¤|· l<¤| ¤|¤ª|
l-<z|+ n÷n ,|·| l-<z|+ n÷n ª-· +i -¤ =lnl- ¤-|: ª¤i t
l¤=+| -|n t ¤|lº|n v¤-¬- =lnl- n|º -|· ¤· := =lnl- +|
<|l¤·¤ t ¤|lº|n v¤-¬- + +|¤ +·-| -·|| ¤t +º| ¤|lº|n
v¤-·|- =lnl- :=i~|·(n=i| ~|lª- <¤-| =lnl-
(n=i~|| (¤¤l·-|n-ª- ¤|lº|n v¤-¬- =lnl- :~|~|·(n=i| + +|¤| +|
=¤-|º| +·-i t ¤|lº|n v¤-¬- =lnl- +i l-n|ti n +n = +n
(+ ¤a+ t|-i t ¤+ ¤t =n¤-| t l+ =ªa- + v·||¤i -·||
+z|n ·ª = +|¤ +·- + ln( ¤|lº|n v¤-¬- (+ ~l-¤|¤-| t
ª.¡ +º| ¤|lº|n v¤-¬-
ª.¡.¡ ~·¤-| (¤ v¤-¬ l-<z|+ +i ~·¤-|-| n ªla- +º| ¤|lº|n v¤-·|-
=lnl- +º| ¤|lº|n + ln( +|¤ +·- ¤|ni =¤|-- =lnl- t ¤t
=lnl- l-<z|+ nº÷n ,|·| l-¬|l·- =nª n|·||·n+ ~|· l¤¤+¤¸º|
=in| + ·|i-· +º| + v¤-¬- ~|· l-¤·|º| + ln( ~|¤z¤+ l-º|¤
n- ¤· l¤-|· +·-i t ~|· (= l-º|¤ n-i t := =lnl- +| +º|
vª-|¤| + vª-l-+·º| + n|-+| +i -il-¤| + ~-n|<- ¤|¤|· +
¤l·<z¤ n ¤l·¤-- ~·|¤| ¤·i÷¤+ + ~|¬|· ¤· l¤l·|-- n|÷n| n
¤ª·i = ¬|· +º| ¤| lº|n v¤-¬- -il-/·||·-i¤ l·¤ ¤ ¤ + + n|ª l-< z||
+i ~¤-||~| + ¤|n- + ln( ~·|¤| +º| ¤|lº|n v¤-¬- + ln(
~-¤·|| ~|¤z¤+ l+=i ~-¤ +|¤ =-¤-¬i -il-¤| + ~-n|<- +|
+|n =|¤| ª¤| t
¤+ - ·¤|¤+ ¤|lº|n ·lºª vº||ni l¤+l=- +i t ¤| ~-¤ ¤-|| +
l¤l¤¬ ¤|lº|n ·|º+| ,|·| =-- <l·º = +º| =-¤-¬i l-º|¤ n- n
(+n l¤-< =¸-+ + ª¤ n +|¤ +·-i t ¤|lº|n ·lºª vº||ni
·¤¤lª·|- ·ª = -¤|· +i ª: t ¤| +º|+-| +| ¤lz|·º¸¤ -¤|ª¤·+
¤lz|·º¸¤ ~|l< ¤= l¤l·|-- ·|º+| +i ¤|-+|·i <-i t ` ·º n|º|
= ~l¬+ +i +n =in| ¤|n +º| º||-| ¤· ¤|lº|n ·lºª vº||ni
n|ª¸ +i ¤|-i t ¤+ ~¤- ·lºª n|÷n| +i ¤¬-| +i =n¤ =n¤
¤· ¤|- +·-| ·t-| t ~|· --+i n¤¤¸-i +i ¤|- +·- + ln(
n|:ªz|- ~|· -¸+ <· +| l¤zn·|º| ·|i +·-| ·t-| t
¤|º +º|| ~|· º|<·| ~lªn| + ln( ~+ <- + n|÷n ~¤-|( ¤|-
t l¤-n +º| ''n¤¸·/-|n¤¸·'' +·- + l-º|¤ v|-- ~+| ¤· ~|·||l·-
t|- t º|<·| +º|| + =·|i ~|¤<-| +| n¸-¤|+- ~l-¤|¤-· ~+
vº||ni +i vl+¤| = l+¤| ¤|-| t ¤|º (¤ n·¤n -¤n >º|i +
z|·| -|·| ~·||-¸ ¤·|n -|·| + ln( ~+ ¤zl- l¤+l=- +i ª: t ~|·
-=+| +|¤|-¤¤- vªl- ¤· t ¤+ +i ¤t ¤|¤-| t l+ l¤- +º|
º||-| +| n¸-¤|+- l+¤| ¤|-| t --n = v·¤+ +º| º||- +|
¤|lº|n n¸-¤|+-/~+ <- +i vl+¤| = ª¤·-| ¤÷
management. The Board of Directors decides the overall
risk management policies and approves the Risk
Management Philosophy & Policy, Credit Management &
Risk policy, Investment policy, ALM policy, Operational Risk
Management policy, Policy for internal capital adequacy
assessment process (ICAAP), Credit Risk Mitigation &
Collateral Management Policy, Stress Testing Policy and
Policy for Mapping Business Lines/Activities, containing the
direction and strategies for integrated management of the
various risk exposures of the Bank. These policies, interalia,
contain various trigger levels, exposure levels, thrust areas
etc.
The bank has constituted a Board level subcommittee
namely Risk Management Committee. The committee has
the overall responsibility of risk management functions and
oversees the function of Credit Risk Management
Committee (CRMC), Asset Liability Committee (ALCO) and
Operational Risk Management Committee (ORMC). The
meeting of RMC is held at least once in a quarter. The bank
recognizes that the management of risk is integral to the
effective and efficient management of the organization.
3.1 Credit Risk Management
3.1.1 Credit Risk Management Committee (CRMC) headed by
CMD is the top-level functional committee for Credit risk.
The committee considers and takes decisions necessary to
manage and control credit risk within overall quantitative
prudential limit set up by Board. The committee is entrusted
with the job of approval of policies on standards for
presentation of credit proposal, fine-tuning required in
various models based on feedbacks or change in market
scenario, approval of any other action necessary to comply
with requirements set forth in Credit Risk Management
Policy/ RBI guidelines or otherwise required for managing
credit risk.
Bank has developed comprehensive risk rating system that
serves as a single point indicator of diverse risk factors of
counterparty and for taking credit decisions in a consistent
manner. The risk rating system is drawn up in a structured
manner, incorporating different factors such as borrower’s
specific characteristics, industry specific characteristics etc.
Risk rating system is being applied to the loan accounts
with total limits above Rs.50 lacs. Bank is undertaking
periodic validation exercise of its rating models and also
conducting migration and default rate analysis to test
robustness of its rating models.
Small & Medium Enterprise (SME) and Retail advances are
subjected to Scoring models which support “Accept/ Reject”
decisions based on the scores obtained. All SME and Retail
loan applications are necessarily to be evaluated under score
card system. Scoring model Farm sector has been developed
and implementation process is under progress. The bank
plans to cover each borrowal accounts to be evaluated under
risk rating/ score framework.
82
~| +÷ | + =-¤-¬ n v| ¤| lª+i -·|| ¤| lº|n v¤-¬- + ln( l¤zn ·|º|
+i ¤ª·- +| =n¤- t ( ¤ + - :- <| -| vº||ln¤| +| + -:i¤ =¤ ·
- º¤+ ¤· ÷|n l<¤| t :- =·|i n| ÷n| +| v¤| +-|~| ,|·| ¤ + +
l+=i ·|i +|¤| n¤ = ~| -n|:- v¤| ª l+¤| ¤| =+-| t
:=+ ~n|¤| -¸+ +i <· +| n|l-º· +·- + ln( º|<·|/¤|º +º||
+ =-¤-¬ n =n¸t/º|÷ ·lºª vl+¤| ~¤-|: ¤|-i t ¤·-¤·|ª- ª¤
= t|- ¤|ni -¸+ +i v¤l-|¤| +| n|l-º· +·- + ln( +¤ l-lz--
=n¸t|/ º|÷| +| -¸+ <· v<|- +i ¤|-i t (+ ti l+ªn + +º|
(+ =n¸t n ·º| ¤|- t
+º| º||-| + ª¤|ª·¤ +i =n¤ =n¤ ¤· n|l-ºl·ª + ln( ¤+ -
+º| t|l-¤| +i ·|+·||n/--t -¤¸--n ·º|- + <l·ºª- z|i·| --|¤-i
=+-| +| ¤-| nª|- + ln( l-¤|·+ n|l-ºl·ª vº||ni :¤i(n(=|
-|n+ ·¤¤ª·|| +| n|ª¸ l+¤| t -|l+ +º| t|l-¤| +| +n = +n
·º|| ¤| =+/·|º|¤| ¤| =+
¤+ -¤|ª¤|· ÷|º|¤¤· t|-= ·|i +|¤|l-¤- +·- ¤| ·t| t -|l+
l¤z¤=-i¤ -·|| =ti ¤|·-¤l·+ ÷|º|¤= +i ~¤-||~| +| ¤¸·| l+¤|
¤| =+ ~|· ¤|lº|n v¤-¬- =n|¬|-/-+-i+| +| ¤|·i+i = n|ª¸
l+¤| ¤| =+ ~|· ¤|lº|n ·|º+| +| ~-n|- nª|- :-¸+ +i
=·||¤-|| (n¤i÷i :-|l- <|·|i -¸+|
÷i :-¸+ =·||l¤- º||-||~|· l¤l·|-- +º|| + =-¤-¬ n ¤|lº|n| +i n|·|| +| ¤-| nª|- +
~-n|-| + ln( ·|i º||+| l¤+l=- +·- + =|·|=|·| +-:i·|¸-
¤|lº|n + ln( ·|i º||+| -¤|· +· ·t| t
ª.¡.. +º| ¤|lº|n v¤-¬- + ~ª + ª¤ n ti ¤+ - (+ =¤l··||l·|-
+º| =ni-|| -·|
n~|·(n| ¤-|¤| t :== +º| vz||=- nªº||·n+ =¬|· n|- n n<< lnn-i t +º| =ni-|| -·| + +|¤|-¤¤-
+ (+ ª¤-·| v·||ª ¤-|¤| ª¤| t l¤=+| -|n t +º| nº|| ¤·i-||
¤ =ni-|| v·||ª
ª.¡.ª +º| ¤|lº|n ·lºª +|¤ +i ¤|-/ ¤l·º (+ ª¤-·| v|l¬+|·i ,|·| +i
¤|-i t ¤|lº|n +i ·lºª ~|· ¤|- vl+¤| +| +|¤ +º| n¸-¤|+-
= l·|-- ª¤ = l+¤| ¤|-| t -|l+ -=+i l¤z¤=-i¤-| ~|· ª¤-·|-|
¤-i ·t =+
v¬|- +|¤| n¤ -·|| ¤·i-÷ n nt|v¤-¬+ ~| · -== -¤· ª-· +
n ÷n v¬|- +i z|l+-¤| n ~|- ¤|n =·|i vª-|¤ +º| =lnl- +
n|·¤n = ·| ¤ ¤|- t := =lnl- + +|¤ +| ¤|·<z|i ¤-|- + ln(
-·|| -=+| v·||¤ -| ·| ¤· |- + ln( -=n ¡¡ vl-l-l¬ ¤| lº|n
v¤-·|- l¤·||ª ~| · +º| l¤·||ª = -·|| (+ vl-l-l¬ ( = -| ·| +| t| -|
t ¤| +º| = =-¤l-¬- - t| -- vª-|¤| ¤· +º| =lnl- n +|·| ¤|·
¤| lº|n v¤-¬- -·|| -il-¤| +i < l·º = l¤-|· l+¤| ¤|-| t
~|lª-¤| ~|l< +i ªº|¤-|| ln>º| +| l¤zn·|º| +·- + ln( l-n|ti
~|¬|· ¤· +º| ~|lª-¤| +i ·lºª >º|i¤|· =ni-|| +i ¤|-i t
ª.¡.: n¤¤¸- ¤|lº|n v¤-¬- ·|-| v<|- +·- + ln( ¤-|: ª: ¤+ +i
+º| v¤-¬- (¤ ¤|lº|n -il- +| -ªz¤ t ¤+ +i n¤¤¸- +º|
¤|lº|n v¤-¬- vº||ni + +|¤|-¤¤- t- (+ n¸n·|¸- ·|-| v<|-
+·-| ¤t -il- +º| ¤|lº|n v|-- l+¤ ¤|- ¤|n n-¤| ¤-n|-
v·||~| ~|· ·||¤i -il-¤| ¤= ~-+ +|¤-|·|| + =¤¬ n +|¤ +·-i
t
Recognizing the need of technology platform in data
handling and analytics for risk management, the bank has
placed rating/ scoring systems at central server network.
All these models can be assessed by the users ‘on line’
through any office of the bank.
Additionally, to monitor the default rates, the pool/segment
rating methodology is applied to the retails/ small loan
portfolio. Default rates are assigned to identify pool/
segment to monitor the trends of historical defaults. The
pools are created based on homogeneity.
For monitoring the health of borrowal accounts at
regular intervals, bank has put in place a tool called
Preventive Monitoring System (PMS) for detection of
early warning signals with a view to prevent/minimize
the loan losses.
Bank is in the process of implementing enterprise-wide data
warehouse (EDW) project, to cater to the requirement for
the reliable and accurate historical data base and to
implement the sophisticated risk management solutions/
techniques and the tools for estimating risk components
{PD (Probability of Default), LGD (loss Given Default), EAD
(Exposure at Default)} and quantification of the risks in the
individual exposures to assess risk contribution by individual
accounts in total portfolio and identifying buckets of risk
concentrations.
3.1.2 As an integral part of Risk Management System, bank has
put in place a well-defined Loan Review Mechanism (LRM).
This helps bring about qualitative improvements in credit
administration. A separate Division known as Credit Audit
& Review Division has been formed to ensure LRM
implementation.
3.1.3 The credit risk ratings are vetted/ confirmed by an
independent authority. The risk rating and vetting process
are done independent of credit appraisal function to ensure
its integrity and independency.
All loan proposals falling under the powers of GM & above
at HO/ Field General Manager and Circle Head at field are
routed through Credit Committee. To ensure transparency
and to give wider coverage, the committee consists of one
representative each from risk management department,
Credit Department and one representative from an area
not connected with credit. The proposals are deliberated in
the Credit Committee from business objectives, risk
management objectives, and policies perspectives.
The rating category wise portfolio of loan assets is reviewed
on quarterly basis to analyze mix of quality of assets etc.
3.1.4 In order to provide a robust risk management structure,
the Credit Management and Risk policy of the bank aims
to provide a basic framework for implementation of sound
credit risk management system in the bank. It deals with
various areas of credit risk, goals to be achieved, current
practices and future strategies.
83
t|n|l+ ¤+ - +º| ¤|lº|n + =-¤-¬ n (+ n|-+ <l·º+|º|
~¤-|¤| t~| t -·||l¤ ~|--l·+ ·lºª ~|¬|l·- <l·º+|º| +| ~¤-|-|
·|i ¤|·i ·º|| ¤|(ª| :=ln( tn|·i +º| -il- +º|¤|lº|n v¤-¬-
+ vl- ~-¤|¤l¬ +|¤|-¤¤- -·|| <i·||¤l¬ <l·º+|º| <|-| +| ti
ª¤i+|· +·-i t ¤+ +i -il- n ¤|lº|n +i ¤t-|- +·-| ¤|lº|n
+i n|·|| +| ¤-| nª|-| ¤|lº|n + ª-· +| -¤ +·- +i -+-i+
l·¤| lº ª ¤ ¤| lº|n l-¤ ·|º| ¤zl-¤| /--t +n +·- + -·i+ vn º|i+·º|
+i v·||( (¤ =nª¤|n¸n+ +º|| = l-¤º- + -·i+ l-lt- t
s.z ¤r¬rt ¬rf=rn q¤ at¬ar ¬rf=rn
l-¤z| -il- +| -ªz¤ l¤l·|-- ¤|lº|n v¤-¬- -¤|¤| + ·¤|¤+
-¤¤|ª = +|·| ¤l·-|n- = ¤÷ ¤|lº|n| +| n¸-¤|+- (¤ --t
-¤¸--n ¤-|-| t nº¤-· ¤t vl+¤|ª- ¤|lº|n +º| ¤|lº|n ¤|¤|·
¤|lº|n =-|n- ¤|lº|n -·|| +|·| ¤l·-|n- n -·n-| ¤|lº|n +
v¤-¬- t- -il-ª- -¤|¤| +| ~|·n=|-¸ +·-| t
ª...¡ +| ·| + l¤l·|-- -·¤|<| -·|| :=+i ·¤|¤=|l¤+ ªl-l¤l¬¤| =
·¤·¤-- ¤|¤|· ¤|lº|n + ln( ¤+ l¤l-¤|n+/~|--l·+ =in|~| +|
l-¬|·º| ~|· :-+i ~-¤|n-| =l-lz-- +·-| t ·lºª + --|·-·|¤
¤· l-¤ln- l-ª·|-i ·º|i ¤|-i t +|-º· ¤|ºi -¤|ª -·|| <z|| +
+|¤+n|¤| +i =in|~| +| n|l-º· l+¤| ¤|-| t -·|| -|l- =in|~|
+i ·|+ ~|¤·-|:º lnlnº ÷n|:º lnlnº =-¤+¸ ~-· lnlnº
(+n ~-· lnlnº l¤<z|i l¤l-n¤ t- ¤-¤¸ (º l·ª+ :¤i(~|·|
~-·¤+ n-<- -·|| l-¤z| =in| ~|l< + n|·¤n = ¤|lº|n| +|
l-¤l·|- l+¤| ¤|-| t
ª.... ¤+ + ¤|¤|· ¤|lº|n v¤-¬- + ln( :=+ ¤|= +|·| -·|| ~|lª-
<¤-| v¤-¬- ~·||-¸ ((n(n + ln( ¤·|+¸¤·|+¸ ÷ª+| = ¤+-
(+ ln÷~|l¤·= ª·||l¤- l+¤| ª¤| t
ª...ª ~|lª- < ¤-| v¤-¬- =lnl- ¤ + +| ¤|¤ |· ¤| lº|n v¤-¬ +·-
-·= ¤ ¬i vl+¤|~| ¤| lº|n v¤-¬- +|¤| -¤¤- l¤l-¤|n+| ,|·|
¤|·i n|ª <z|i l-< z|| l¤z¤ ·|· n ·¤¤r- -·+ ·º ¤| lº|n v¤-¬-
v·||~| -·|| ~| -l·+ ¤ ·|niº·| vl+¤|~| ¤zl-¤| /-il-¤| + ln(
--|·<|¤i t ~| · ¤| lº|n v¤-¬- l¤¤ +i =in|~| +| ¤|n- +·-i
t ~|lª- < ¤-| v¤-¬- =lnl- +| º| <·| ~lª n| ~| · ¤n| -·¤|<|
+ n¸ -¤ -¤ +·- -·|| ¤i¤i(n~|· n = z|| ¬- + = ¤|¤ +| +|¤
=| ¤| ª¤| t
ª...: ¤|lº|n + l¤ªz vl-·-|| ~|·/~·|¤| -= +n +·- + ln( -il- ¤|
+|¤-il- ¤-|- -·|| --+i v·||¤z|in-| +i ¤|- +·- + ln( ~|lª-
<¤-| v¤-¬ =lnl- +i ¤a+| n l¤-|· l+¤| ¤|-| t (=| +·-
=n¤ := ¤|- +| ·¤|- ·º|| ¤|-| t l+ := =¤¬ n ~|lª- <¤-|
v¤-¬ =lnl- + +¤| l¤-|· t -·|| vl-·-|| + ¤|· n +¤| +|·¤|:
+i ª: t
ª...· l¤l·|-- +|nº|÷| n ~¤lz|·º ¤l·¤+¤-| ¤· ~|¬|l·- ¤nn ¤l·¤+¤-|
+ ln( ~-· l¤zn·|º| + n|·¤n = ¤+ +i -·n-| ¤|lº|n +
n¸-¤|+- + =|·|=|·| l¤l·|-- -·n-| ~-¤|-| +| ln¤| ¤|-| t -·||
--+ ln( l-¬|l·- l¤¤+i =in|~| + ·|i-· :-+| v¤-¬- l+¤|
¤|-| t <¤|¤ ¤·i-|º| :ªº= ºlªºª| ~-+·º| :l=-¤nz|-| =¤<i
l¤zn·|º| :·¤|l< ¤=i ~lªn -+-i+| + ~|¬|· ¤· l-¤ln- ~-·|n|
Though the bank has implemented the Standardized
Approach of credit risk, yet the bank shall continue its
journey towards adopting Internal Rating Based Approaches.
As such, the credit policy deals with short term
implementation as well as long term approach to credit risk
management. The policy of the bank embodies in itself the
areas of risk identification, risk measurement, risk grading
techniques, reporting and risk control systems /mitigation
techniques, documentation practice and the system for
management of problem loans.
3.2 Market Risk & Liquidity Risk
The investment policy covering various aspects of market
risk attempts to assess and minimize risks inherent in treasury
operations through various risk management tools. Broadly,
it incorporates policy prescriptions for measuring, monitoring
and managing systemic risk, credit risk, market risk,
operational risk and liquidity risk in treasury operations.
3.2.1 Besides regulatory limits, the bank has put in place internal
limits and ensures adherence thereof on continuous basis
for managing market risk in trading book of the bank and
its business operations. Bank has prescribed entry level
barriers, exposure limits, stop loss limits, VaR limit, Duration
limits and Risk Tolerance limit for trading book investments.
Bank is keeping constant track on Migration of credit ratings
of investment portfolio. Limits for exposures to counter-
parties, industry segments and countries are monitored. The
risks under Forex operations are monitored and controlled
through Stop Loss Limits, Overnight limit, Daylight limit,
Aggregate Gap limit, Individual gap limit, Value at Risk (VaR)
limit, Inter-Bank dealing and investment limits etc.
3.2.2 For the Market Risk Management of the bank, Mid-Office
with separate Desks for Treasury & Asset Liability
Management (ALM) has been established.
3.2.3 Asset Liability Management Committee (ALCO) is primarily
responsible for establishing the market risk management
and asset liability management of the bank, procedures
thereof, implementing risk management guidelines issued
by regulator, best risk management practices followed
globally and ensuring that internal parameters, procedures,
practices/policies and risk management prudential limits are
adhered to. ALCO is also entrusted with the job of fixing
Base rate and pricing of advances & deposit products and
suggesting revision of BPLR to Board.
3.2.4 The policies for hedging and/or mitigating risk and
strategies & processes for monitoring the continuing
effectiveness of hedges/mitigants are discussed in ALCO
and based on views taken by / mandates of ALCO, hedge
deals are undertaken.
3.2.5 Liquidity risk of the bank is assessed through gap analysis
for maturity mismatch based on residual maturity in different
time buckets as well as various liquidity ratios and
management of the same is done within the prudential limits
fixed thereon. Advance techniques such as Stress testing,
simulation, sensitivity analysis etc. are used on regular
84
= l¤zn·|º| l+( ¤|- t -|l+ l¤l·|-- -·n-| ¤l·<z¤| + ~--ª-
~|+lªn+ l-l¬¤| +i ¤|¤-| -¤|· +i ¤| =+
s.s ¤ft¤r¬ªna ¬rf=rn
¤+ - ¤l·-|n-ª- ¤|lº|n + ¤¤¬- + ln( =·-|| +i -i- ¤l+-¤|
~¤-|¤i t =·-|| +i ¤tni ¤l+- +| l¤l·|-- ¤.+. ¤·||ª| ,|·|
¤l-l-l¬·¤ t|-| t ¤| l-¤-·|º| :+|:¤| :=i¤¸| +|·|¤|· :+|:¤|
:¤i¤¸| ~·|¤| =n·|+ :+|:¤|
=¤¸| t =·-|| +i l,-i¤ ¤l+- +|¤l-l-l¬·¤ ¤=n l<z||l-<z|| + ~·¤¬i- ¤·|| ªla- ¤l·-|n-ª-
¤| lº|n ¤ ¤ ¬- l¤·||ª :~| ~|·(n÷i| ª¤ n ª¤--·| +| ·¤| · º ¤l·-|n-ª-
¤|lº|n ¤¤¬- +|¤ :=i~|~|·(¤·| ,|·| l+¤| ¤|-| t =·-|| +i
--i¤ ¤l+- +| ¤l-l-l¬·¤ l-·i-|º| (¤ ~|l÷º ¤·||ª/¤¤¬- ~|l÷-
¤·||ª :~|
÷i/(n(~|·÷i| ,|·| l+¤| ¤|-| t ¤| ¤tni <| =·-||¤l+-¤| + ln( --|-i ¤·+z|- t ¤+ + =¤¸º| ¤l·-|n-ª- ¤|lº|n
¤¤¬- +| ~¤n|+- +·- + ln( ¤+ + ~·¤-| (¤ ¤¤¬ l-<z|+
+i ~·¤-|-| n ¤l·-|n-ª- ¤|lº|n ¤¤¬- =lnl- :~|~|·(n=i|
ªla- +i ª¤it t ¤| (+ +|¤+|·i ª-·i¤ =lnl- t ~|· <|-|
+|¤¤|n+ l-<z|+ -·|| ¤nº| ¤·||ªi¤ ¤¬|- := =lnl- + =<ª¤ t
s.+ =¢r ¬rf=rn ¤ f¬q ¤¸¬tna =¤+rrq fªrªf¬f=ra r .
:` +·|÷ n|
s+.os.zo++ s+.os.zo++
n|-+ <l·º+|º| + ~¬i-
¤| º| ln¤| ..ºº·.¡ ¡º:.ºª
vl-·|¸l-+·º| = º|-·| z|¸-¤ z|¸-¤
ª.· ¤|¤|· ¤|lº|n + ln( ¤¸¤iª- ~¤-||( :n|-+i+- ~¤l¬ <l·º+|º|
+ ~-ª-+º| l---lnlº|- t ·
:` +·|÷ n|
¬rf=rn v¢rt s+.os.zo+z s+.os.zo++
i| ·¤|¤ <· ¤|lº|n º··.· ·.¡.º·
ii| l¤<z|i l¤l-n¤ ¤|lº|n
:ª¤º| =lt-| ¡º.ºº ¡º.ºº
iii| :l+¤ºi ¤|lº|n ·.·.ªª :º..º¡
iv| n|-+i+- ~¤l¬ <l·º+|º|
+ ~--ª- ¤|¤|·
¤|lº|n| + ln( +n
¤¸¤i v·||·:i+ii+iii| ¡:ºº.ºº º:¡.º·
s.e n¸ ¬ = ¤ a¤ ª frº¤r ¢r (¤ f=¤ ; fz¤ ºt =¤r ¤¸ ¤ =-an a
¤ft¤r¬ªna ¬r f=rn ¤ f¬q ¤¸ ¬t ¤t =r¤r¤¤ar fªrªf¬f=ra r .
:` +·|÷ n|
¤ft¤r¬ªna ¬rf=rn ¤ f¬q
¤¸¬t ¤t =r¤r¤¤ar s+.os.zo+z s+.os.zo++
n¸n =+-+ <l·º+|º| .º·:.. ¡·ºº.ª
intervals to draw the contingency funding plan under
different liquidity scenarios.
3.3 Operational Risk:
The bank adopts three lines of defense for management of
operational risk, the first line of defense represented by
Various HO Divisions which are Control Units (CU), Business
Units (BU) or Support Units (SU) ; Second line of defense
represented by independent Corporate Operational Risk
Management Function (CORF) being Operational Risk
Management Department (ORMD) as envisaged under Basel
guidelines; Third lines of defense represented by Inspection
& Audit Division/Management Audit Division (IAD/MARD)
which is a challenge function to the first two lines of defense.
Operational Risk Management Committee (ORMC) headed
by CMD with both the EDS and key divisional heads as
members is the Executive level committee to oversee the
entire operational risk management of the bank.
3.4 The capital requirements for credit risk are:
(` in crores)
31.03.2012 31.03.2011
Portfolios subject to
standardised approach 22805.17 19747.03
Securitization exposure NIL NIL
3.5 The capital requirements for market risk (under
standardised duration approach) are:
(` in crores)
Risk Category 31.03.2012 31.03.2011
i) Interest Rate Risk 856.67 521.05
ii) Foreign Exchange Risk
(including Gold) 18.00 18.00
iii) Equity Risk 525.33 402.91
iv) Total capital charge for
market risks under
Standardised duration
approach (i + ii + iii) 1400.00 941.96
3.6. The capital requirement for operational risk under Basic
indicator approach is :
(` in crores)
Capital requirement for
operational risk 31.03.2012 31.03.2011
Basic indicator approach 2064.27 1699.37
85
ª. ¤ + + (+n -·|| =n¸ t ~| · ~- ·| lª¤| + ¤¸ ¤iª- ~- ¤|-
l---¤-¸ t ·
¤¬r¤ ªrrª¬ ¤¤ (q¤¬¸
s+.os.zo+z s+.os.zo++
=i~|·(~|·· ¡..·ª· ¡..:.·
=i~|·(~|·ºi¤· ¤¸¤i :·| º..º· º.::·
=i~|·(~|·ºi¤· ¤¸¤i :·| ª.ª·· ª.ºº·
¤¬r¤ ªrrª¬ ¤¤ (=n¸r¸
s+.os.zo+z s+.os.zo++
=i~|·(~|·· ¡ª.¡.· ¡ª.º¡·
=i~|·(~|·ºi¤· ¤¸¤i :·| º.··· º.º.·
=i~|·(~|·ºi¤· ¤¸¤i :·| ª.··· :.¡º·
~-·|lª¤| ·
=ªrrnt =t=rtq=rt- =t=rtq=rt- =t=rtq=rt x
¤r ªrn ºt¤t-ì ¤¸ ¬t (x¸ ºt¤t-ìì ¤¸ ¬t (x¸
s+.os.zo+z s+.os.zo++ s+.os.zo+z s+.os.zo++ s+.os.zo+z s+.os.zo++
¤i(-¤i lª-º= ln. 74.72 94.72 - - 74.72 94.42
¤i(-¤i t|-l=ª
¤·|:- = lnlnº÷ 11.52 12.16 6.27 8.67 17.79 20.83
¤¤|¤ -z|-n ¤+
::º·-z|-n| ln. 11.31 13.20 7.20 7.99 18.51 21.19
¤i(-¤i :-¤ªºnº
=l¤=¤ lnlnº÷ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti
÷+ ¤i(-¤i ¤ + ln. 7.81 9.80 3.59 0.31 11.40 10.11
¤(==i <|-| ¤+ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti
¤i(-¤i :z¤|·=
¤|l+ª v|.ln. n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti
¤i(-¤i n|:¤·
:z¤|·= +-¤-i ln. n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti
ztq¤·+.=¢r ¬rf=rn . =rnr-¤ ¤¤ºt¤t¢r
:.¡ ¤l< l+=i +º| =l¤¬| + ~--ª- ¤+ ,|·| l-¬|l·- <¤ l-l·| ¤· +|:
·|lz| -+|: -ti ¤|-i -| ¤t ·|lz| ~l-<¤ t|-i t :=+ ~n|¤|
~¤=|n|-¤ ~|lª- -¤ -¬|· ¤| ~lªn t|-| t ¤¤·
:i| l+=i =|¤l¬ +º| + =-¤-¬ n ·¤|¤ ~|· / ¤| n¸n¬- +i
l+ª- ºº l<-| = ~l¬+ ~¤l¬ + ln( ~l-<¤ ·t-i t
:ii| l+=i ~|¤· ÷|+º/+z| +l÷º + =-¤-¬ n ºº l<- = ~l¬+
+ ln( º||-| ai+ -ti ·t-|
º||-| -= lª·|l- n ai+ -ti n|-| ¤|¤ª| ¤l<
¤+|¤| z|·| =in|/ ~|t·º| z|l+- = l-·--· -¤|<| ·t-| t
-- n|nn| n ¤t| n¸n¬- ¤l·-|n- º||- n ¤+|¤| z|·| ª¤i+-
=in|/ ~|t·º| z|l+- = +n t l+-- -n-¤·| +i l-l·| +|
nª|-|· ºº l<-| + ln( +|: +l÷º -ti t ~·|¤| -=i ~¤l¬
+ <|·|- ÷l¤º l+( ¤|- ¤|n ·¤|¤ +| +¤· +·- + ln(
¤¤|-- +l÷º -¤n·¬ -ti t
:iii| º|·i< ª( ~|· ·|-|( ª( l¤n| + n|nn n l¤n ºº = -¤|<|
l<-| +i ~¤l¬ + ln( ~l-<¤ ·t-| t
3.7. The capital ratios of the bank, (solo & group) and subsidiaries
are:
Punjab National Bank (Solo)
31.03.2012 31.03.2011
CRAR% 12.63% 12.42%
CRAR – Tier I capital (%) 9.28% 8.44%
CRAR – Tier II capital (%) 3.35% 3.98%
Punjab National Bank (Group)
31.03.2012 31.03.2011
CRAR% 13.12% 13.01%
CRAR – Tier I capital (%) 9.56% 8.82%
CRAR – Tier II capital (%) 3.56% 4.19%
Subsidiaries:
Name of CRAR – Tier I CRAR – Tier II CRAR (%)
subsidiary capital (%) capital (%)
31.03.2012 31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011
PNB Gilts Ltd 74.72 94.72 - - 74.72 94.42
PNB Housing
Finance Ltd 11.52 12.16 6.27 8.67 17.79 20.83
Punjab National
Bank (International)
Ltd. 11.31 13.20 7.20 7.99 18.51 21.19
PNB Investment
Services Ltd. NA NA NA NA NA NA
Druk PNB Bank Ltd. 7.81 9.80 3.59 0.31 11.40 10.11
JSC Dana Bank NA NA NA NA NA NA
PNB Insurance
Broking Pvt. Ltd. NA NA NA NA NA NA
PNB Life Insurance
Co. Ltd. NA NA NA NA NA NA
DF4.Credit risk: general disclosures
4.1. Any amount due to the bank under any credit facility is overdue
if it is not paid on the due date fixed by the bank. Further, an
impaired asset is a loan or an advance where:
(i) interest and/or installment of principal remains overdue
for a period of more than 90 days in respect of a term
loan.
(ii) the account remains out of order in respect of an
overdraft/cash credit for a period of more than 90 days.
Account will be treated out of order, if:
- the outstanding balance remains continuously in excess
of the limit/drawing power.
- in cases where the outstanding balance in the principal
operating account is less than the sanctioned limit/
drawing power, but there are no credits continuously
for 90 days as on the date of balance sheet or credits are
not enough to cover the interest debited during the same
period
(iii) in case of bills purchased & discounted, the bill remains
overdue for a period of more than 90 days
86
:iv| l+ª- ¤| n¸n¬- ¤| -= ¤· ·¤|¤ n·| ~¤l¬ ¤|ni <| ¤·=ni
n|=n| + ln( ~l-<¤ ·t-| t ~|· n-¤i ~¤l¬ +i ¤·=n| +
ln( n¸n¬- +i l+ª- ¤| -= ¤· ·¤|¤ (+ ¤·=ni n|=n +
ln( ~l-<¤ ·t-| t
+º| ¤|lº|n v¤-¬- + ln( ¤+ ,|·| +º| ~-n|<- v|l¬+|·i
l¤¤+i +º| =in|~| ~|¤|lª+ +º| =in|~| +º| ¤|lº|n
·lºª vº||ni ¤|lº|n ~|¬|l·- n¸-¤- -·|| +º| =ni-|| ¤zl-¤|
+| -¤|¤ ª¤ª¤ v¤|ª n n|¤| ¤|-| t ¤+ +i +º| v¤-¬-
-·|| ¤|lº|n -il- n :- =·|i -¤|¤| +| --nº| l+¤| ª¤| t
=nl·º ª-· ¤· <º| -| -il- =-¤-¬i <ª-|¤¤ ¤+ + <l·º+|º|
+| =n¤- n|¤- ~|· ·¤¤lª·|- +·- +| (+ (=| =|¬- t
l¤== +º| =-¤-¬i ¤|lº|n| +| =-|n- l+¤| ¤| =+-| t
~|· ¤t =l-lz-- l+¤| ¤| =+-| t l+ +º| <- ~|· ¤|lº|n
+| v¤-¬ +·- + =n¤ +º| ¤|º¤·|ln¤| +| ª¤ª·| ·º|| ¤|
=+-| t v·¤+ +º|i + +º| ¤|lº|n +| (= -|¤+ n|÷n|
+ n|·¤n = -|¤| ¤|-| t l¤-+ ~|¬|· ¤· l-¤ln- ª¤ =
¤·i-|º| +·- t( +º| l¤z|·| +i ·||¤i lª·|l- +| ~<|¤| nª|¤|
¤| =+-| t
+.z ¤¬ =¤¬ =¢r ¬rf=rn fªrª¤a¸ r .
:` +·|÷ n|
v¢rt s+.os.zo+z s+.os.zo++
l-l¬ ~|¬|l·- .ººº..· .:ªººº.º
ª·l-l¬ ~|¬|l·- ··ª¡.º¡ ·º¡ª.º·
+.s =¢rr ¤r +rrnrf¬¤ =f¤at¢r fªrª¤a¸ r .
:` +·|÷ n|
v¢rt f¤ªrr n rrt¬¸
s+.os.zo+z s+.os.zo++ s+.os.zo+z s+.os.zo++
l-l¬ ~|¬|l·- .¡º:.ºª ¡.··..ª .·¡º.: .ª¡.ªª.··
ª·l-l¬ ~|¬|l·- ª¡·¡.:º ººº.·º ªªº.:ª ·º¡º:..
+.+ (¤¸ =¢rr ¤r sur n¤rt = f¤at¢r (fªf¤ =r¤rfta¸ fªrª¤a¸
r .
:·|lz| ` ª¤¤ n|
a. ¤rz surn 31.03.2012 31.03.2011
= .
1 1 +| ¤n| 35.38 153.09
2 2 º||- 755.09 1549.74
3 3 n|t| (¤ :ª¤|- 17963.86 15933.54
4 4 ~-¤ nºn (¤
nºn -·¤|< 1227.53 1357.47
5 5 ~|n :¤il-¤l·ª 4572.36 5974.00
5.1 l¤=n = :ºº·|
:n+º|l-+= 610.93 578.85
6 6 :n +ºil=ºi 5950.47 6656.50
7 7 +|º- º +=º|:n= 1406.63 2257.49
8 8 ¤¸º º+=º|:n= 71.99 92.46
9 9 ~-¤ º +=º|:n= 3044.80 4311.20
10 10 -i-i 2086.53 3327.54
11 11 -|¤ 6.91 4.59
12 12 ¤·¸÷ v|=l=ª 3741.94 3837.67
13 13 ¤l¤º¤n ~|¤n
(¤ ¤-ª¤l- 653.55 849.63
14 14 -¤|+¸ (¤
-¤|+¸ -·¤|< 23.25 25.86
(iv) the installment or principal or interest thereon remains
overdue for two crop seasons for short duration and the
installment of principal or interest thereon remains
overdue for one crop season for long duration crops.
Credit approving authority, prudential exposure limits,
industry exposure limits, credit risk rating system, risk
based pricing and loan review mechanisms are the tools
used by the bank for credit risk management. All these
tools have been defined in the Credit Management &
Risk Policy of the bank. At the macro level, policy
document is an embodiment of the Bank’s approach to
understand, measure and manage the credit risk and aims
at ensuring sustained growth of healthy loan portfolio
while dispensing the credit and managing the risk. Credit
risk is measured through sophisticated models, which are
regularly tested for their predictive ability as per best
practices.
4.2. The total gross credit risk exposures are:
(` in crores)
Category 31.03.2012 31.03.2011
Fund Based 297892.57 243998.78
Non Fund Based 76531.91 59173.86
4.3 . The geographic distribution of exposures is:
(` in crores)
Category Overseas Domestic
31.03.2012 31.03.2011 31.03.2012 31.03.2011
Fund Based 21784.83 12765.23 276107.74 231233.55
Non-fund based 3161.48 989.59 73370.43 58184.27
4.4 (a) Industry type distribution of exposures (Fund Based)
is as under:
(` in crores)
S. Code INDUSTRY 31.03.2012 31.03.2011
No.
1 1 COAL 35.38 153.09
2 2 MINING 755.09 1549.74
3 3 IRON AND STEEL 17963.86 15933.54
4 4 OTHER METAL &
METAL PRODUCTS 1227.53 1357.47
5 5 ALL ENGINEERING 4572.36 5974.00
5.1 Of which (005)
Electronics 610.93 578.85
6 6 ELECTRICITY 5950.47 6656.50
7 7 COTTON TEXTILES 1406.63 2257.49
8 8 JUTE TEXTILTES 71.99 92.46
9 9 OTHER TEXTILES 3044.80 4311.20
10 10 SUGAR 2086.53 3327.54
11 11 TEA 6.91 4.59
12 12 FOOD PROCESSING 3741.94 3837.67
13 13 VEGETABLE OILS
AND VANASPATI 653.55 849.63
14 14 TOBACCO &
TOBACCO PRODUCTS 23.25 25.86
87
15 15 PAPER & PAPER
PRODUCTS 1145.44 1519.92
16 16 RUBBER & RUBBER
PRODUCTS 586.90 219.29
17 17 CHEMICALS, DYES,
PAINTS, ETC. 1906.77 2916.34
17.1 Of which Fertilizers 8.17 113.74
17.2 Of which Petro-
chemicals 523.70 398.02
17.3 Of which Drugs &
Pharmaceuticals 823.72 1453.71
18 18 CEMENT 1401.98 976.50
19 19 LEATHER & LEATHER
PRODUCTS 290.96 605.31
20 20 GEMS AND
JEWELLERY 918.30 1676.38
21 21 CONSTRUCTION 3686.18 3902.69
22 22 PETROLEUM 2181.53 3502.89
23 23 AUTOMOBILES
INCLUDING TRUCKS 1175.57 1480.37
24 24 COMPUTER
SOFTWARE 28.13 81.45
25 25 INFRASTRUCTURE 45892.98 35699.28
25.1 Of which Power 23370.10 16298.85
25.2 Of which
Telecommunications 7896.60 8413.91
25.3 Of which Roads
& Ports 7249.80 6501.32
26 26 NBFCs 15395.70 7966.16
27 27 TRADING 11381.37 10234.11
28 28 OTHER INDUSTRIES 23617.98 18264.65
TOTAL 151150.08 135376.12
29 29 Residuary Other
Advances 146742.49 108622.66
GRAND TOTAL 297892.57 243998.78
Industry exposure is more than 5% of gross fund based exposure
1 3 IRON AND STEEL 17963.86 15933.54
2. 25. INFRASTRUCTURE 45892.98 35699.28
3 26. NBFC 15395.70 7966.16
4.4 (b) Industry type distribution of exposures (Non Fund Based) is as under:
(` in crores)
S. Code INDUSTRY 31.03.2012 31.03.2011
No.
1 1 COAL 42.26 52.39
2 2 MINING 208.00 601.08
3 3 IRON AND STEEL 9845.18 8650.50
4 4 OTHER METAL &
METAL PRODUCTS 650.24 595.88
5 5 ALL ENGINEERING 3911.77 5272.42
5.1 Of which (005)
Electronics 383.50 671.45
6 6 ELECTRICITY 105.12 50.35
7 7 COTTON TEXTILES 78.10 38.77
8 8 JUTE TEXTILTES 14.01 18.06
9 9 OTHER TEXTILES 586.80 607.64
10 10 SUGAR 99.92 283.64
11 11 TEA 0.02 0.00
12 12 FOOD PROCESSING 561.78 857.02
13 13 VEGETABLE OILS AND
VANASPATI 2564.30 1126.81
14 14 TOBACCO & TOBACCO
PRODUCTS 6.38 21.04
15 15 ¤¤· (¤
¤¤· -·¤|< 1145.44 1519.92
16 16 ·¤÷ ~|·
·¤÷ -·¤|< 586.90 219.29
17 17 +ln+n ÷|:
¤º= ~|l< 1906.77 2916.34
17.1 l¤-n = ¤·lºn|:¤· 8.17 113.74
17.2 l¤-n =
¤º|+ln+n= 523.70 398.02
17.3 l¤-n = ÷·= ~|·
¤·|n=i =-¤-¬i 823.72 1453.71
18 18 =inº 1401.98 976.50
19 19 -n÷| (¤ -n÷|
-·¤|< 290.96 605.31
20 20 ··- ~|·
~|·|¸ ·|º| 918.30 1676.38
21 21 l-n|º| 3686.18 3902.69
22 22 ¤º|ln¤n 2181.53 3502.89
23 23 º+| =lt-
~|º|n|¤|:n 1175.57 1480.37
24 24 +-¤¸º·
=|+º¤¤· 28.13 81.45
25 25 :-¤·|ªº+-· 45892.98 35699.28
25.1 :-n = ¤|¤· 23370.10 16298.85
25.2 :-n =
ºln+--¤l-+z|- 7896.60 8413.91
25.3 :-n = =÷+
~|· ¤<·ª|t 7249.80 6501.32
26 26 (-¤i(¤·=i 15395.70 7966.16
27 27 ºl÷ª 11381.37 10234.11
28 28 ~-¤ -¤|ª 23617.98 18264.65
¤| ÷ 151150.08 135376.12
29 29 ~¤lz|·º ~-¤
~lªn 146742.49 108622.66
+n ¤|÷ 297892.57 243998.78
~| ¤|lª+ +º| =+n l-l¬ ~|¬|l·- +º|| + ·· = ~l¬+ t
1 3 ~|¤·- (÷ ªºin 17963.86 15933.54
2. 25. ~|¬|··|¸- =·--| 45892.98 35699.28
3 (-¤i(¤·=i 15395.70 7966.16
4.4 (º|) +º|| +| ~| ¤|lª+ =l¤-·º| :ª · l-l¬ ~|¬|l·-| l---¤-¸ t ·
:·|lz| ` ª¤¤ n|
a. ¤rz surn 31.03.2012 31.03.2011
= .
1 1 +| ¤n| 42.26 52.39
2 2 º||- 208.00 601.08
3 3 ~|(·- (¤ ªºin 9845.18 8650.50
4 4 ~-¤ nºn (¤
nºn -·¤|< 650.24 595.88
5 5 ~|n :¤il-¤l·ª 3911.77 5272.42
5.1 l¤=n = :ºº·|
:n+º|l-+= 383.50 671.45
6 6 :n +ºil=ºi 105.12 50.35
7 7 +|º- º +=º|:n= 78.10 38.77
8 8 ¤¸º º+=º|:n= 14.01 18.06
9 9 ~-¤ º +=º|:n= 586.80 607.64
10 10 -i-i 99.92 283.64
11 11 -|¤ 0.02 0.00
12 12 ¤·¸÷ v|=l=ª 561.78 857.02
13 13 ¤l¤º¤n ~|¤n
(¤ ¤-ª¤l- 2564.30 1126.81
14 14 -¤|+¸ (¤
-¤|+¸ -·¤|< 6.38 21.04
88
15 15 ¤¤· (¤
¤¤· -·¤|< 200.68 110.13
16 16 ·¤÷ ~|·
·¤÷ -·¤|< 39.43 81.21
17 17 +ln+n ÷|:
¤º= ~|l<. 573.75 1178.21
17.1 l¤-n = ¤·lºn|:¤· 70.42 7.04
17.2 l¤-n =
¤º|+ln+n= 699.05 466.65
17.3 l¤-n = ÷·= ~|·
¤·|n=i =-¤-¬i 220.11 368.83
18 18 =inº 340.72 460.83
19 19 -n÷| (¤ -n÷
-·¤|< 54.17 25.27
20 20 ··- ~|· ~|·|¸·|º| 234.19 1927.65
21 21 l-n|º| 331.34 293.36
22 22 ¤º|ln¤n 135.54 632.09
23 23 º+| =lt-
~|º|n|¤|:n 157.53 219.17
24 24 +-¤¸º· =|+º¤¤· 9.48 1.25
25 25 :-¤·|ªº+-· 9502.03 7685.47
25.1 :-n = ¤|¤· 6183.03 4953.59
25.2 :-n =
ºln+--¤l-+z|- 2468.85 2040.12
25.3 :-n = =÷+
~|· ¤<·ª|t 1295.09 256.19
26 26 (-¤i(¤·=i 161.99 4953.59 124.02
27 27 ºl÷ª 4169.38 3569.31
28 28 ~-¤ -¤|ª 4935.74 4130.95
¤| ÷ 39519.84 38614.52
29 29 ~¤lz|·º ~-¤
~lªn 37012.07 20559.34
+n ¤|÷ 76531.91 59173.86
-¤| ª ¤t| l-l¬+ ¤+|¤| =+n l-l¬+ ¤+|¤| + ·· = ~l¬+ t
1 3 ~|¤·- (÷ ªºin 9845.18 8650.50
2 27 ºl÷ª 4169.38 3569.31
3 5 =·|i :¤il-¤l·ª 3911.77 5272.42
4. 25 ~|¬|··|¸- =·--| 9502.03 7685.47
4.5 .=rfta¤r ¤r =¤frrrº =f¤ªrna ¤ft¤¤¤ar ¤¤-zrsª fªrª¤a¸ r .
:` +·|÷ n|
¤ft¤¤¤ar ¤t f¤f¤ =fnn* fª¤rr f¤ªrrt n)r
(=¤¬¸ =rfta¤r *
~|ª|ni l<- 13860.94 3.58 1602.28
(9918.47) (00.00) (357.75)
. l<- l<- 6390.20 843.30 2940.97
(4940.21) (99.89) (322.61)
º.¡: l<- 4261.42 174.58 1364.86
(4864.84) (262.34) (478.74)
¡· = .º l<- 6151.19 248.55 1960.94
(6726.54) (668.97) (1471.68)
.º l<- = ª n|t 12000.26 11355.08 9871.91
(11127.40) (7617.13) (4026.77)
ª n|t = ~l¬+ 9310.24 3020.94 10185.25
-·|| · n|t -+ (13277.89) (1541.26) (6456.26)
· n|t = ~l¬+ 50070.74 3378.19 3568.67
-·|| ¡ ¤·| -+ (31700.45) (2518.16) (4467.88)
15 15 PAPER & PAPER
PRODUCTS 200.68 110.13
16 16 RUBBER & RUBBER
PRODUCTS 39.43 81.21
17 17 CHEMICALS, DYES,
PAINTS, etc. 573.75 1178.21
17.1 Of which Fertilizers 70.42 7.04
17.2 Of which Petro-
chemicals 699.05 466.65
17.3 Of which Drugs &
Pharmaceuticals 220.11 368.83
18 18 CEMENT 340.72 460.83
19 19 LEATHER & LEATHER
PRODUCTS 54.17 25.27
20 20 GEMS AND JEWELLERY 234.19 1927.65
21 21 CONSTRUCTION 331.34 293.36
22 22 PETROLEUM 135.54 632.09
23 23 AUTOMOBILES
INCLUDING TRUCKS 157.53 219.17
24 24 COMPUTER SOFTWARE 9.48 1.25
25 25 INFRASTRUCTURE 9502.03 7685.47
25.1 Of which Power 6183.03 4953.59
25.2 Of which
Telecommunications 2468.85 2040.12
25.3 Of which Roads &
Ports 1295.09 256.19
26 26 NBFCs 161.99 4953.59 124.02
27 27 TRADING 4169.38 3569.31
28 28 OTHER INDUSTRIES 4935.74 4130.95
TOTAL 39519.84 38614.52
29 29 Residuary Other
Advances 37012.07 20559.34
GRAND TOTAL 76531.91 59173.86
Industry where fund based outstanding is more than 5% of gross fund based
outstanding
1 3 IRON AND STEEL 9845.18 8650.50
2 27 TRADING 4169.38 3569.31
3 5 ALL ENGINEERING 3911.77 5272.42
4. 25 INFRASTRUCTURE 9502.03 7685.47
4.5 . The residual contractual maturity break down of assets is:
(` in crores)
Maturity Pattern Advances* Investments Foreign Currency
(gross) Assets*
Next day 13860.94 3.58 1602.28
(9918.47) (00.00) (357.75)
2 - 7 days 6390.20 843.30 2940.97
(4940.21) (99.89) (322.61)
8 -14 days 4261.42 174.58 1364.86
(4864.84) (262.34) (478.74)
15- 28 days 6151.19 248.55 1960.94
(6726.54) (668.97) (1471.68)
29days - 3months 12000.26 11355.08 9871.91
(11127.40) (7617.13) (4026.77)
>3months-6months 9310.24 3020.94 10185.25
(13277.89) (1541.26) (6456.26)
>6months-1yr 50070.74 3378.19 3568.67
(31700.45) (2518.16) (4467.88)
89
¡ ¤·| = ~l¬+ 134808.53 13208.57 4334.87
-·|| ª ¤·| -+ (109496.67) (10302.92) (2465.73)
ª ¤·| = ~l¬+ 27842.53 18492.21 1823.24
-·|| · ¤·| -+ (23555.58) (14558.75) (541.08)
· ¤·| = ~l¬+ 29078.72 72422.26 1236.51
(26498.62 (57943.63) (747.56)
¤| ÷ 293774.76 123147.26 38889.50
(242106.67) (95513.05) (21336.06)
*~|+÷ l-¤n ~|¬|· ¤· <z||( ª( t :+|·a+| n l<( ª( ~|+÷ l¤¤n ¤·| + t|
+.e =¤¬ qª¤tq ;= ¤¤rt r .
:` +·|÷ n|
v¢rt 31.03.2012 31.03.2011
~¤n|-+ 5576.41 2643.16
=l<·¬ ¡ 1766.81 852.13
=l<·¬ . 726.11 343.06
=l<·¬ ª 293.34 202.65
t|l- 356.95 338.39
+n (-¤i( :=+n| 8719.62 4379.39
+.z rrq qª¤tq ¤t trfrr fªrªf¬f=ra r.
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2010
z|z (-¤i( 4454.23 2038.63
+.s qª¤tq ¤ =ª¤ra fªrª ¤¤rt r .-
qª¤tq =ª¤ra 31.03.2012 31.03.2011
=+n ~lª n| +i - n-| n =+n (-¤i( · 2.93% 1.79%
z|z ~lªn| +i -n-| n z|z (-¤i(· 1.52% 0.85%
+.v =¤¬ qª¤tq ¤r rrº-¤z fªrª ¤¤rt r .
:` +·|÷ n|
=¤¬ qª ¤t q ¤r rrº-¤z 31.03.2012 31.03.2011
i) ¤·| + v|·-·| n
~|·l-·|+ z|·| 4379.39 3214.41
ii) ¤·| + <|·|- ¤lz 6671.64 4336.70
iii) ¤·| + <|·|- +ni 2331.41 3171.72
iv) ¤·| + ~- n
:l-z|·| (i + ii - iii) 8719.62 4379.39
+.+o qª¤tq ¤ f¬q ¤r¤¤rª ¤r rrº-¤z fªrª ¤¤rt r .
:` +·|÷ n|
Movement of provision for NPAs 31.03.2012 31.03.2011
i) (- ¤i ( + ln(
v|¤¬|- +| ·|º¤· 2296.75 2180.05
ii) ¤·| + v|·-·| n ~|·l-·|+
z|·| 2576.11 904.11
iii) ¤·| + <|·|- ¤º¸º
º||- ÷|n ª( 126.29 102.69
iv) ¤·| + <|·|- l+( ª( ~l-l·+-
v|¤¬|-| +i vl-nº|- ·¤¤ª·|| 562.51 684.72
v) ¤·| + ~- n
:l-z|·| (i + ii - iii - iv) 4184.06 2296.75
>1yr-3yrs 134808.53 13208.57 4334.87
(109496.67) (10302.92) (2465.73)
>3yrs-5yrs 27842.53 18492.21 1823.24
(23555.58) (14558.75) (541.08)
>5yrs 29078.72 72422.26 1236.51
(26498.62 (57943.63) (747.56)
Total 293774.76 123147.26 38889.50
(242106.67) (95513.05) (21336.06)
*Figures are shown on net basis. (Figures in brackets relate to previous
year)
4.6. The gross NPAs are:
(` in crores)
Category 31.03.2012 31.03.2011
Sub Standard 5576.41 2643.16
Doubtful – 1 1766.81 852.13
Doubtful – 2 726.11 343.06
Doubtful – 3 293.34 202.65
Loss 356.95 338.39
Total NPAs (Gross) 8719.62 4379.39
4.7. The amount of net NPAs is:
(` in crores)
Particulars 31.03.2012 31.03.2011
Net NPA 4454.23 2038.63
4.8. The NPA ratios are as under:
NPA Ratios 31.03.2012 31.03.2011
% of Gross NPAs to Gross Advances 2.93% 1.79%
% of Net NPAs to Net Advances 1.52% 0.85%
4.9. The movement of gross NPAs is as under:
(` in crores)
Movement of gross NPAs 31.03.2012 31.03.2011
i) Opening Balance at the
beginning of the year 4379.39 3214.41
ii) Addition during the year 6671.64 4336.70
iii) Reduction during the year 2331.41 3171.72
iv) Closing Balance as at the end
of the year (i + ii - iii) 8719.62 4379.39
4.10.The movement of provision for NPAs is as under:
(` in crores)
Movement of provision for NPAs 31.03.2012 31.03.2011
i) Opening Balance at the
beginning of the year 2296.75 2180.05
ii) Provisions made during
the year 2576.11 904.11
iii) Write-off made during
the year 126.29 102.69
iv) Write –back of excess
provisions made during
the year 562.51 684.72
v) Closing Balance as at the
end of the year (i + ii - iii-iv) 4184.06 2296.75
90
4.11. nt fªr¤rª¤ fª¤rr ¤t trfrr fªrªf¬f=ra r .-
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
ª· l-·¤|<+ l-¤z|
+i ·|lz| 94.65 38.19
4.12. n t fªr¤rª¤ fª¤ rr ¤ ¤r¤¤rª r a t=rt n¤t trfrr fªrªf¬f=ra r ì
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
ª· l-·¤|<+ l-¤z| + ln( ¬|l·-
v|¤¬|- +i ·|lz| 57.70 38.19
4.13. fª¤rr ¤t çr= ¤ f¬¤ ¤r¤¤rªr ¤ rrº¤z ¤t ftºrfa ;= ¤¤rt
r .
:` +·|÷ n|
fª¤rr ¤t çr= ¤ f¬¤ ¤r¤¤rªr
¤ rrº-¤z ¤t ftºrfa 31.03.2012 31.03.2011
i) ¤·| + v|·-·| n
~|·l-·|+ z|·| 350.71 333.23
ii) ¤·| + <|·|- l+( ª(
v|¤¬|- 368.90 114.88
iii) ¤·| + <|·|- ¤º¸º º||-
÷|n ª( 0.00 0.00
iv) ¤·| + <|·|- l+( ª(
~l-l·+- v|¤¬|-| +|
vl-nº|- +·-| 201.91 97.40
v) ¤·| + ~- n
:l-z|·| (i + ii - iii - iv) 517.77 350.71
DF5.=¢r ¬rf=rn . nrª¤ ªfrº¤r¢r ¤ =ª¤¤tª ¤rº¤·rf¬¤r
n¢rr-n¤ ¤¤ºt¤t¢r
5.1. ¤+ - ·||·-i¤ l·¤¤ ¤+ ,|·| l---lnlº|- -¤l-- ·|·n¸ +l÷º ·lºª
(¤l=¤| +| ~-n|l<- l+¤| t -|l+ +º| ¤|lº|n + n|-+ <l·º+|º|
+ ~--ª- ·|·n¸ +lº|¤| + vl- ¤+ + ¤|lº|n +| n|¤| ¤| =+·
- l+l=n
- +¤·
- l¤·- :l÷¤|
- :+|
¤+ - l¤<z| lª·|- +lº|¤| + +º|| + =-¤-¬ n ·||·-i¤ l·¤¤ ¤+
,|·| n|-¤ l---lnlº|- ª ~--·|·ºi¤ +º| n¸-¤|+- (¤l=¤| +| ·|i
~-n|l<- l+¤| t·
- ªºº÷÷ (÷ ¤~·
- n¸÷i¤
- l¤·-
¤·| + <| ·|- ¤ + - - -| l+=i (¤ =i +| -|n ¤| ÷ | t ~| · - +|º|
t
l-l¬ ~|¬|l·-/ ª ·l-l¬ ~|¬|l·- :<i·|| ¤l¬-~-¤|¤l¬| +º|
=l¤¬|~| + n¸-¤|+- + ln( :- (¤l=¤| +i =¤|( ni ¤|-i t :-
--i ª¤i +º| n¸-¤|+- (¤l=¤| = v|-- n¸-¤|+-| +| ¤+ ,|·|
v¤|ª l+¤| ¤|-| t
4.11. The amount of non-performing investment is:
(` in crores)
Particulars 31.03.2012 31.03.2011
Amount of non-performing
investment 94.65 38.19
4.11. The amount of provisions held for non-performing investment is:
(` in crores)
Particulars 31.03.2012 31.03.2011
Amount of provision held for
non-performing investment 57.70 38.19
4.13. The movement of provisions for depreciation on investments is
as under:
(` in crores)
Movement of provisions for
depreciation on investments 31.03.2012 31.03.2011
i) Opening balance at the
beginning of the year 350.71 333.23
ii) Provisions made during the
year 368.90 114.88
iii) Write-off made during the
year 0.00 0.00
iv) Write-back of excess
provisions made during
the year 201.91 97.40
v) Closing balance as at the
end of the year (i + ii –iii-iv) 517.77 350.71
DF5.Credit Risk: Portfolios subject to the Standardized
Approach
Qualitative disclosures
5.1. Bank has approved the following 4 domestic credit rating
agencies accredited by RBI for mapping its exposure with
domestic borrowers under standardized approach of credit
risk
- CRISIL
- CARE
- FITCH India
- ICRA
Bank has also approved the following 3 international credit
rating agencies accredited by RBI in respect of exposure with
overseas borrowers
- Standard & Poor
- Moody’s
- FITCH
No agency has been added/deleted by the Bank during the
year.
These agencies are being used for rating (Long Term & Short
Term) of fund based/ non fund based facilities provided by
the bank to the borrowers. The bank uses solicited rating from
the chosen credit rating agencies.
ii - iii -
91
¤l·n+ ÷|n- n -¤n·¬ ·lºª +| := l¤·|¤ ¤· ·||·-i¤ l·¤¤ ¤+
,|·| ¤|·i n|ªl-<z|| + ~-=|· v¤|ª l+¤| ¤|-| t
5.2. l¤l·|-- ¤|lº|n ¤ª| n :n|-+ <l·º+|º| + ~·¤¬i-| ¤|lº|n
v¤-·|- + -¤·|-- lª·|- +º| ·|lz| l---¤-¸ t ·
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
i) ¡ºº· = +n
¤|lº|n ·||· +º| ¤+|¤| 171138.43 148165.42
ii) ¡ºº· ¤|lº|n
·||· +º| ¤+|¤| 136736.98 171379.78
iii) ¡ºº· = -¤|<| ¤|lº|n
·||· +º| ¤+|¤| 38857.42 23782.78
iv) +º| -i z|¸ -¤ z|¸ -¤
ztq¤·6. =¢r ¬r f=rn ¤n ¤tªr . nrª¤t¤ a ª frº¤r ¢r ¤ f¬q
¤¤ºt¤t¢r
n¢rr-n¤ ¤¤ºt¤t¢r
6.1. ¤+ - l-<z|+ nº÷n ,|·| ~-n|l<- '+º| ¤|lº|n -¤¸-i+·º| -·||
=¤|lz¤+ v¤-¬- -il-' n|ª¸ +i t l¤=n ~-¤ ¤|-| + =|·|=|·|
l¤·-i¤ =¤|lz¤+| =lt- l¤l·|-- =¤|lz¤+| =-¤-¬i -il-¤| ~|·
-n-¤·| + l-¬|·º| +i vl+¤| ·|i z||lnn t ¤t·t|n ¤¸¤i ªº|-|
+i vl+¤| n ¤+ ,|·| l-¬|·º| +i := vl+¤| +| v¤|ª -ti l+¤|
¤| ·t| t
6.2. ¤+ ,|·| =|n|-¤ -|· = ¤|lº|n +n +·- t- :n|-+ <l·º+|º| +
~--ª- ¤¸¤i +i ªº|-| + ln(| v¤+- l+( ¤|- ¤|n =¤|lz¤+| n
l¤·-i¤ =¤|lz ¤+ :~·|| -¸ ¤ + ¤n| ·|lz|¤| =·+|·i/ ¤|ªºn vl-·|¸l-¤|
¤i¤- ¤in| ¤|lnl=¤| ª¤º| ¤¤·|- -¤¸-~n ¤·÷| + ¤¸l-º :·¤|l<|
l¤l·|-- >lº|¤| +i -n (¤ ~-n ¤l·=-¤l·-¤|/·|¸ln =¤l·-¤| :·¤|l<
t -¤¤+- =|+º¤¤· -¤|· +·+ -- =¤|lz¤+ vl-·|¸l-¤| + =ti
n¸-¤|+- +i ªº|-| + ln( (+ l¤ª-- vl+¤| ¤-|: ª: t
6.3. ¤¸¤i =-¤-¬i ~|¤z¤+-|~| +i ªº|-| + ln( ¤+ (=i ª|·lº¤| n-|
t ¤| v·¤-| ª¤·º ~vl-<¤ ~|· z|-·lt- t| ¤¸¤i +i ªº|-| + ln(
(=i ª|·lº¤| +| -¤¤|ª := =¤¬ n ¤¸·i -·t = ·||·-i¤ l·¤¤ ¤+
+ n|ªl-<z|| + ~-=|· l+¤| ¤|-| t
6.4. ¤+ ,|·| ni ª: ~l¬+|z| l¤·-i¤ =¤|lz¤+ vl-·|¸l-¤| ¤| -| ¤+ +i
~¤-i ¤n| ·|lz|¤| t|-i t ~·|¤| =·+|·i vl-·|¸l-¤| t|-i t l¤-+i
¤=¸ni n +|: =nª¤| -ti t|-i := v+|· =¤|lz¤+ vl-·|¸l-¤| +i
l+ªn + +|·º| +|: ¤|lº|n -ti t|-|
6.5. v+º +º| ¤|lº|n ¤|º¤·ln¤| + ln( :n|-+ <l·º+|º| + ~--ª-|
+n ¤l·=in| +º|-i :¤|·| l¤·-i¤ =¤|l>¤+| + -¤·|-- l---lnlº|-
t·
The ratings available in public domain are mapped according
to mapping process as envisaged in RBI guidelines on the
subject.
5.2. The exposure amounts after risk mitigation (subject to the
standardized approach) in different risk buckets are as under:
(` in crores)
Particulars 31.03.2012 31.03.2011
i) Below 100% risk weight
exposure outstanding 171138.43 148165.42
ii) 100% risk weight exposure
outstanding 136736.98 171379.78
iii) More than 100% risk weight
exposure outstanding 38857.42 23782.78
iv) Deducted NIL NIL
DF6.Credit Risk Mitigation: disclosures for standardized
approaches
Qualitative disclosures
6.1. Bank has put in place Board approved ‘Credit Risk Mitigation
and Collateral Management Policy’ which, interalia, covers
policies and processes for various collaterals including financial
collaterals and netting of on and off balance sheet exposure.
However, the bank is not making use of the on-balance sheet
netting in its capital calculation process.
6.2. The collaterals used by the Bank as risk mitigants (for capital
calculation under standardized approach) comprise of the
financial collaterals (i.e. bank deposits, govt./postal securities,
life policies, gold jewellery, units of mutual funds etc.). A
detailed process of calculation of correct valuation and
application of haircut thereon has been put in place by
developing suitable software.
6.3. Guarantees, which are direct, explicit, irrevocable and
unconditional, are taken into consideration by Bank for
calculating capital requirement. Use of such guarantees for
capital calculation purposes is strictly as per RBI guidelines on
the subject.
6.4. Majority of financial collaterals held by the Bank are by way
of own deposits and government securities, which do not have
any issue in realization. As such, there is no risk concentration
on account of nature of collaterals.
6.5. The total exposure for disclosed credit risk portfolio (under the
standardized approach) is covered by:
92
:` +·|÷ n|
31.03.2012 31.03.2011
+) ~nª = v+º l+( ª( v·¤+
+º| ¤|lº|n ¤|º¤·|ln¤| + ln( +n
¤|lº|n :¤t| n|ª¸ t| -=+ ¤|<
-n-¤·| + =n|¬|- + ¤¸¤ ~·|¤|
¤z-|-¸| ¤| +º|-i + ¤|< ¤|·|
l¤·-i¤ =¤|lz¤+ ·|lz| ,|·| vl-·|¸- t 22306.36 19132.74
º|) ~nª = v+º l+( ª( v·¤+
+º| ¤|lº|n ¤|º¤·|ln¤| + ln(
+n ¤|lº|n :¤t| n|ª¸ t| -=+ ¤|<
-n-¤·| + =n|¬|- + ¤¸¤ ~·|¤|
¤z-|-| ¤| +º|-i + ¤|< ª|·lº¤|/
+º| ÷l·¤lº¤| ,|·| vl-·|¸- t
:¤t| ª¤·º ª¤ = ·||·-i¤ l·¤¤
¤+ ,|·| ~-nl- <i ª¤i t|| 16088.49 11873.27
ztq¤·7. ¤fa+r¸fa¤t¢r . nrª¤ ªfrº¤r¢r
¤+ +| +|: vl-·|¸l-+·º| +º| ¤|lº|n -ti t
ztq¤·8. ºfzn ¤¤ n ¤r¬rt ¬rf=rn
8.1. ·||·-i¤ l·¤¤ ¤+ ,|·| l-¬||l·- n|-+i+- n|¤- ¤zl- :~¤l¬
~|·||l·-| +| ¤+ - ¤|¤|· ¤|lº|n + ¤¸¤i v·||· +i ªº|-| + ln(
~¤-| ln¤|t ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| + ~-=|· n|-+i+-
n|¤- ¤zl- +| ¤¸º|ª¤º| ¤|n- +·- t( <l·º+|º| ~|¬|l·- ¤|lº|n
n¸-¤ :¤i(~|·| n|÷n + ln( -¤|· +· ·t| t l¤=+ +|¤|-¤¤- +i
-¤|·i -n ·ti t
8.2. ¤r¬rt ¬rf=rn ¤ f¬q ¤¸¬tna =¤+rrq fªrªrª=rt r .
:` +·|÷ n|
¬rf=rn v¢rt 31.03.2012 31.03.2011
i) ·¤|¤ <· ¤|lº|n 856.67 521.05
ii) :l+¤ºi lª·|l- ¤|lº|n 525.33 402.91
iii) l¤<z|i l¤l-n¤ ¤|lº|n
:ª¤º| =lt-| 18.00 18.00
iv) n|-+i+- ~¤l¬ <l·º+|º| +
~--ª- ¤|¤|· ¤|lº|n| + ln(
+n ¤¸¤i v·||· (i+ii+iii) 1400.00 941.96
ztq¤·-9. ¤ft¤r¬ªna ¬rf=rn
9.1. ·||·-i¤ l·¤¤ ¤+ + l<z|| l-<z||-=|· ¤+ n¸n =+-+ <l·º+|º|
:¤i~|
| + ~--ª- ª¡.ºª..ººº = ¤l·-|n-ª- ¤|lº|n + ln(¤¸¤i +| ·º|·º||¤ +· ·t| t ¤i~|
+ ~-=|· ª¡.ºª..º¡. +ilª·|l- + ~-=|· ¤¸¤iª- ~¤-|| ª¤¤ .º·:.. +·|÷ t
¤+ - ~ªn ---- <l·º+|º| ~·||-¸ n|-+i+- <l·º+|º| +·- +
ln( n|:ªz|- t- ·||·-i¤ l·¤¤ ¤+ +| ~|¤<- l+¤| ·|| ~|·
·||·-i¤ l·¤¤ ¤+ - ¤i~|
+ ~-ª- ºi(=( +| ~l-n ~-nl-<- -+ ¤¸¤i v·||· +| ºi(=( +| =n|-|-· -n|- +i ~-nl- <i
·|i
ztq¤·-+o. ¤f¤n ¤¤ n ª¤r¬ ªt ¬rf=rn (=r;=rt=rt¤t¤t¸
10.1. ·¤|¤ <· ¤|lº|n +| v¤-¬- ~--· l¤zn·|º| -·|| ~¤l¬ ~--·
l¤zn·|º| + n|·¤n = l+¤| ¤|-| t ¤l+ª ¤+ -·|| ºl÷ª ¤+ +
·¤|¤ <· ¤|lº|n +| l-¬|·º| +·- + ln( l-n|ti ~-·|n| ¤· ~-·
(` in crores)
31.03.2012 31.03.2011
a) For each separately disclosed
credit risk portfolio, the total
exposure (after, where
applicable, on or off balance
sheet netting) that is covered
by eligible financial collateral
after the application of haircuts. 22306.36 19132.74
b) For each separately disclosed,
the total exposure (after, where
applicable, on or off balance
sheet netting) that is covered
by guarantees/credit derivatives
(wherever specifically permitted
by RBI) 16088.49 11873.27
DF7.Securitization: Standardized Approach
Bank does not have any securitization exposure.
DF8.Market Risk in Trading Book
8.1. RBI prescribed Standardized Measurement Method (duration
based) for computation of capital charge for market risk has
been adopted by Bank. Being fully compliant with Standardized
Measurement Method as per RBI guidelines, now Bank is
preparing for the Internal Model Approach (Advanced
Approach on Market risk) based on Value at Risk (VaR) model,
which is under implementation.
8.2. The capital requirements for market risk are as under:
(` in crores)
Risk Category 31.03.2012 31.03.2011
i) Interest Rate Risk 856.67 521.05
ii) Equity Position Risk 525.33 402.91
iii) Foreign Exchange
Risk (including Gold ) 18.00 18.00
iv) Total capital charge for market
risks under Standardised
duration approach (i+ii+iii) 1400.00 941.96
DF-9. Operational Risk
9.1. As per RBI directives, the bank has been maintaining capital
for operational risk under Basic Indicator approach (BIA) w.e.f.
31.03.2008. The capital requirement as per BIA is ‘2064.27
crores as on 31.03.2012.
Bank had applied to RBI for migration to the next advanced
approach viz.”The Standardized Approach (TSA) and RBI
had permitted parallel run of TSA advising bank to continue
to maintain capital charge under BIA till such time final
permission is granted by them for TSA.
DF-10. Interest Rate Risk in the Banking Book (IRRBB)
10.1. The interest rate risk is managed through gap analysis and
duration gap analysis. Duration gap analysis is being carried
out at quarterly intervals to assess the interest rate risk of
93
both banking book and trading book. Prudential limits have
been fixed for impact on Net Interest Income (NII), Net
Interest Margin (NIM), minimum ROA & minimum duration
gap for the bank.
Behavioral studies are being done for assessing and
apportioning volatile and non-volatile portion of various non-
maturity products of both assets and liabilities.
10.2. The tools used are:
Earning Approach – (Interest rate sensitivity Statement- Net
Gaps)
Table 1: Interest rate sensitivity - net gaps
Maturity Period Gap Other Net Gap Total Net Gaps
Products* Assets as % to
(RSA-RSL) (Intt. rate) (1+2) Total
(`in crores) (`in crores) Assets
1 2 3 4 5
1-28 days -7940.67 -125.00 -8065.67 34446.02 -23%
29days - 3 months 136464.68 0.00 136464.68 182912.86 75%
>3 to 6 months -36968.14 0.00 -36968.14 21100.27 -175%
>6 to 12 months -66925.11 0.00 -66925.11 13300.31 -503%
>1 to 3 yrs. -100904.58 0.00 -100904.58 66774.43 -151%
>3 to 5 yrs. 10560.77 0.00 10560.77 24757.94 43%
Over 5 years 61387.78 0.00 61387.78 79360.87 77%
* Other products include: FRAs, Swaps, Futures, Options & other derivatives
The repricing assumptions on assets and liabilities are taken
as per RBI guidelines. The floating rate advances are assumed
to be repriced in 29 days to 3 months.
Earning at Risk: Impact of 0.5 % change upward/downward
in interest rate on NII/NIM
(` in crores)
Remaining Period Estimated impact on NII with
adverse change in rate of interest
by 0.50%
Up to 6 months ` 186.70 cr.
Up to 1 year ` 331.60 cr.
10.2.2 Economic Value Approach:
The impact of change in rate of interest on the economic
value of assets and liabilities is studied under this approach.
The impact of change in interest rate by 200 bps on the
capital fund is assessed on regular intervals through duration
gap method. As a prudential measure a limit has been
fixed for net duration gap of the assets and liabilities and
the same is monitored at regular intervals.
l¤zn·|º| l+¤| ¤|-| t l-¤n ·¤|¤ ~|¤
-~|:~|:| l-¤n·¤|¤ n|l¤-
-~|n| -¤¸--n ~|·~|( -·|| ¤+ + ln( -¤¸--n~¤l¬ ~--· ¤· v·||¤ + ln( l¤¤+i =in|( l-¬|l·- +i ª: t
v¤l·-¤| + ~·¤¤- n +º| + ¤¸¤ ·|ª-|- n l-lt- l¤+-¤ +|
v·||¤ ¤-|¤| ¤|-| t ~|lª-¤| -·|| <¤-|~| <|-| + ~lª·|· (¤
lª·|· ·||ª| +| l-¬|·º| +·- + ln( --+i v¤l-|¤| +| ~·¤¤-
l+¤| ¤|-| t
10.2. =¤ªrq ¬rª ¤r¬ att¤ fªrª¤a¸ r .
~¤- <l·º+|º| :·¤|¤<· =¤<-z|in-| l-¤n ~--·)
-|ln+| ¡: ·¤|¤<· =¤<-z|in-| l-¤n ~--·
¤ft¤¤¤ar =-at =¤f¤ =-¤ fª¤¬ ¤ ¬ ¤ ¬
(=rtq=q- s-¤rª* =at =rfta¤r =rfta¤r
=rtq=q¬¸ (ª¤r¬ªt¸ (1+2) n fª¤¬
(` ¤trz n¸ (` ¤trz n¸ = at
1 2 3 4 5
¡..º l<- -7940.67 -125.00 -8065.67 34446.02 -23%
.º l<- ª n|t 136464.68 0.00 136464.68 182912.86 75%
ª = > · n|t -36968.14 0.00 -36968.14 21100.27 -175%
· = > ¡. n|t -66925.11 0.00 -66925.11 13300.31 -503%
¡ ¤·| = > ª ¤·| -+ -100904.58 0.00 -100904.58 66774.43 -151%
ª ¤·| = > · ¤·| -+ 10560.77 0.00 10560.77 24757.94 43%
· ¤·| = ~l¬+ 61387.78 0.00 61387.78 79360.87 77%
* ~-¤ -·¤|<| n =l-nln- t · ¤|¤<| <· +·|·
¤· ~|· (| ~<n| ¤<ni :ª¤|¤| ·||¤i=|< :+¤¸-=| l¤+-¤ :~|-z|=| -·|| ~-¤ ·¤·¤-- :÷l·¤lº·=|
~|lª-¤| ~|· <¤-|~| ¤· ¤-n¸-¤ l-¬|·º| + ~-n|- ·||.l·.¤ +
n|ªl-<z|| + ~-=|· l+¤ ¤|- t +n|lºª <· ~lªn| + =¤z n
(=| n|-| ¤|-| t l+ --+| ¤-n¸-¤ l-¬|·º| .º l<- = ª nti- +
·|i-· t|ª|
¤| lº|n ~¤ -(-~|: ~|: /(-~|: (n ¤· ·¤|¤<· n º.··
-·¤nº|i/~·||nº|i ¤l·¤-- +| ¤·||¤
:` +·|÷ n|
rrrr =¤f¤ o.sx ¤t ªt = =¤rn=rt ª¤r¬ ªt
¤ ¤ft¤aª ¤ =rºr qª=r;=r; ¤t
¤-¤rfrra ¬r+r
· n|= -+ ` 186.70 +·|÷
¡ ¤·| -+ ` 331.60 +·|÷
10.2.2 =rfºr¤ n¸r¤ ªfrº¤r¢r
~|l·|+ n¸-¤ ~·||-¸ ~|l·|+ n¸-¤ ¤· ·¤|¤ <· n .ºº ¤i¤i(= +i
·¤|¤<· n ¤l·¤-- + +|·º| ¤¸¤iª- l-l¬ ¤· t|- ¤|n v·||¤ +|
~¤l¬ ~-· ¤zl- + n|·¤n = l-¤ln- ~-·|n ¤· n¸-¤|+-
l+¤| ¤|-| t ¤l·=¤l·- (¤ <¤-|~| + z|z ~¤l¬ ~-· + ln(
=in| +i l¤¤+¤¸º| z|ni l-¬|l·- +i ª: t ~|· l-¤ln- ~-·|n
¤· := n|l-º· l+¤| ¤|-| t
94
+. fªnfna rrr=ª ¤r ªrrª rrrt·r
¤+ ,|·| l¤l-¤|n+ ~¤-||~| +| ¤|n- +·- t( z|¤·¬|·+| + n¸-¤|+- n ~l¬+-n ¤lz (¤ --+ lt-| +i =·-|| + ln( --|·<|l¤·¤ ¤|·<lz|-|
-l-+ n¸-¤| =|n|l¤+ <|l¤·¤ v-|n- +|¤+z|n-| ~l¬+-n +|·|¤|·i ·¤¤t|·| + --- n|-+| +| ~-¤|n- +·- t( l-ªln- z||=- =l-lz--
l+¤| ¤|-| t
z.+ fªªrr¤ n¢z¬
¤|÷ +| ªa- ¤++|·i +-¤-i :-¤+n| +| ~¤- ~|· ~--·º|| ~l·|l-¤n ¡ºº +i ¬|·| º:ª| + ~-=|· l+¤| ª¤| t
z.z s+.os.zo+z ¤ =ª=rt fªªrr¤ nz¬ ¤t =t¤ªr
a. fªªrr¤ ¤r ªrn fª¤f¤a v¢rt ¤¤ ¤ ¤rz ¤t ¤¤ ¤ =-¤ fªªrr¤
=. ¤t fafºr s¤=fnfa¤r ¤rz ¤t ¤r¤fª¤r n çrtr ªrrfta
n =ªt¤ar s¤=fnfa¤r ¬=rr¤tt+rr rr¤tr
¤t =ª¤+rar =fnfa q¤ rr¤t ¤t =.
ªrrt¤r.fª¤rr¤r
¤t frr¤r¤a
=fnfa ¤t
=ª¤+rar.
=ªt¤ar
1. >i +.~|·. +|n- 28.10.2009 +|¤¤|n+ 8 8 1 z|¸-¤
~·¤-| (¤ v¤-·| l-<z|+
2. >i ·|+z| =ai 01.01.2011 +|¤¤|n+ 14 5 z|¸-¤ z|¸-¤
+|¤ ¤|n+ l-< z|+
3. >in-i -·|| ~--=¤ nº¤- 19.07.2011 +|¤¤|n+ 14 z|¸-¤ z|¸-¤ z|¸-¤
+|¤ ¤|n+ l-< z|+
4. >i ~-·|ª ¤ - 03.08.2011 ª · +|¤ ¤|n+ :·||·- =·+|· + -|ln-i| 8 1 z|¸-¤ z|¸-¤
5. >i ¤=¤i· l= t 30.07.2010 ª · +|¤ ¤|n+ :·||·-i¤ l·¤¤ ¤ + + -|ln-i| 5 z|¸-¤ z|¸-¤ z|¸-¤
6. >i ¤i ¤i -| ·|·i 23.09.2011 ª· +|¤¤|n+ :·||·- =·+|· ,|·| l-¤+- -|º÷ ~+|-ºº| 8 2 z|¸-¤ z|¸-¤
7. >i nz-|+ ( ~-n 20.05.2011 ª · +|¤ ¤|n+ :·||·- =·+|· ,|·| l-¤+-| 6 z|¸-¤ z|¸-¤ z|¸-¤
8. >i (n ¤i l= t 28.01.2010 ª · +|¤ ¤|n+ :+n -|·i -|ln-i l-<z|+| 5 z|¸-¤ z|¸-¤ z|¸-¤
9. >i v<i¤ +n|· 15.02.2010 ª · +|¤ ¤|n+ :~l·|+|·i -|ln-i l-<z|+| 5 z|¸-¤ z|¸-¤ z|¸-¤
10. >i (n (- ª|¤i-|·| 21.03.2012 ª · +|¤ ¤|n+ :z|¤··||·+ l-<z|+| 4 z|¸-¤ 2 500
11. >i ÷i + l=ªn| 21.03.2012 ª · +|¤ ¤|n+ :z|¤··||·+ l-<z|+| 4 z|¸-¤ z|¸-¤ 300
12 ÷|. =-in ª--| 21.03.2012 ª · +|¤ ¤|n+ :z|¤··||·+ l-<z|+| 3 z|¸-¤ 1 300
-|º · l+=i ·|i l-<z|+ +| ~|¤= n =¤¬ -ti t
z.s f¤-rt¤ ¤rr zo++-+z n =r¤rf¬a ¤a¤r ¤r ª¤rtr
a.=. ¤a¤ ¤t fafºr ¤rz n fªªrr¤r ¤t ¤¬ ==¤r ¤a¤ n s¤ftºra fªªrr¤r ¤t ==¤r
1. 04.05.2011 11 11
2. 31.05.2011 12 11
3. 27.06.2011 12 11
4. 27/28.07.2011 12 11
5. 13.08.2011 12 10
6. 06.09.2011 12 11
7. 26.09.2011 13 13
8. 31.10. / 01.11.2011 13 12
9. 30.11.2011 13 13
10. 23.12.2011 12 10
11. 30/31.01.2012 9 9
12. 22.02.2012 9 8
13. 21.03.2012 12 12
fuxfer 'kklu dh fjiks VZ
Report on Corporate Governance
95
1. Corporate Governance Philosophy
Corporate Governance is ensured by the Bank by adhering to high standards of accountability, transparency, social responsiveness,
operational efficiencies, best ethical business practices for maximizing the shareholders' value and to protect the interests of all
stakeholders besides complying with the Regulatory requirements.
2.1 Board of Directors
The Board is constituted in accordance with Section 9(3) of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
2.2 Composition of the Board of Directors as on 31.3.2012
S. Name of Director Date of Category Membership Chairmanship Chairmanship / No. of Shares
No. Appointment of Sub- of Sub- Membership held by
Committees Committees of Audit Director
of Board of Board of Committee and
of the Bank the Bank Share-holders' /
Investors' Grievance
Committee in
other Companies
1. Sh. K.R. Kamath 28.10.2009 Executive 8 8 1 Nil
Chairman & Managing Director
2. Sh. Rakesh Sethi 01.01.2011 Executive 14 5 Nil Nil
Executive Director
3. Smt. Usha Ananthasubramanian 19.07.2011 Executive 14 Nil Nil Nil
Executive Director
4. Sh. Anurag Jain 03.08.2011 Non-Executive (GoI Nominee) 8 1 Nil Nil
5. Sh. Jasbir Singh 30.07.2010 Non-Executive (RBI Nominee) 5 Nil Nil Nil
6. Sh. B. B. Chaudhry 23.09.2011 Non-Executive (GoI appointed CA category) 8 2 Nil Nil
7. Sh. Mushtaq A. Antulay 20.05.2011 Non- Executive (Appointed by GoI) 6 Nil Nil Nil
8. Sh. M.P. Singh 28.01.2010 Non-Executive (Workmen Nominee Director) 5 Nil Nil Nil
9. Sh. Pradeep Kumar 15.02.2010 Non-Executive (Officers Nominee Director) 5 Nil Nil Nil
10. Sh. M. N. Gopinath 21.03.2012 Non- Executive (Share-holder Director) 4 Nil 2 500
11. Sh. D.K. Singla 21.03.2012 Non- Executive (Share-holder Director) 4 Nil Nil 300
12 Dr. Sunil Gupta 21.03.2012 Non- Executive (Share-holder Director) 3 Nil 1 300
Note: None of the Directors is related inter-se.
2.3 Details of meetings held during the Financial Year 2011-12
S. No. Date of the Meeting Total No. of Directors on the Board No. of Directors Present in the meeting
1. 04.05.2011 11 11
2. 31.05.2011 12 11
3. 27.06.2011 12 11
4. 27/28.07.2011 12 11
5. 13.08.2011 12 10
6. 06.09.2011 12 11
7. 26.09.2011 13 13
8. 31.10. / 01.11.2011 13 12
9. 30.11.2011 13 13
10. 23.12.2011 12 10
11. 30/31.01.2012 9 9
12. 22.02.2012 9 8
13. 21.03.2012 12 12
96
2.4 Details of meetings & last Annual General Meeting (AGM)
attended by member-Directors during the Financial Year
2011-12
S. Name of Director No. of No. of Attendance
No. Meetings Meetings in last
held attended AGM
during the held on
tenure 27.06.2011
1. Sh. K. R. Kamath 13 13 Yes
2. Sh. M. V. Tanksale* 3 3 Yes
3. Sh. Rakesh Sethi 13 13 Yes
4. Smt. Usha Ananthasubramanian 10 10 N.A.
5. Smt. Ravneet Kaur** 4 2 No
6. Sh. Anurag Jain 9 7 N.A.
7. Sh. Jasbir Singh 13 11 No
8. Sh. B. B. Chaudhry 7 7 N.A.
9. Sh. Mushtaq A. Antulay 12 12 Yes
10. Sh. V. K. Mishra*** 9 9 Yes
11. Sh. T. N. Chaturvedi**** 10 7 Yes
12. Sh. D. K. Singla # 11 11 Yes
13. Sh. G. R. Sundaravadivel**** 10 10 Yes
14. Sh. M. P. Singh 13 12 Yes
15. Sh. Pradeep Kumar 13 13 Yes
16. Sh. M. N. Gopinath 1 1 N.A.
17 Dr. Sunil Gupta 1 1 N.A.
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India..
**Ceased to be Director w.e.f. 03.08.2011.
***Ceased to be Director w.e.f. 05.12.2011.
****Ceased to be Directors w.e.f. 27.12.2011
# Ceased to be Director w.e.f. 27.12.2011 and re-elected Shareholder Director w.e.f.
21.03.2012
2.5 Profile of Directors appointed during the Financial Year
2011-12.
Smt. Usha Ananthasubramanian
Government of India appointed Smt. Usha Ananthasubramanian,
M.Sc. & M.A., as Executive Director of the Bank w.e.f. 19.07.2011
up to 18.07.2016 or until further orders whichever is earlier. She
has more than 29 years of experience in Banking and 1½ years in
Insurance business. She was General Manager of Bank of Baroda
before appointment as Executive Director of the Bank.
Sh. Anurag Jain
Government of India appointed Sh. Anurag Jain as GoI Nominee
Director (Non-Executive) of the Bank w.e.f. 03.08.2011 until further
orders. He is B. Tech (Hons.) and holder of Master's degree in
Personnel Administration. He has experience of 25 years in
administrative services.
Sh. B. B. Chaudhry
Government of India appointed Sh. B.B. Chaudhry as Non-Executive
Director under Chartered Accountant Category of the Bank for a
period of 3 years w.e.f. 23.09.2011 up to 22.09.2014 or until further
orders whichever is earlier. He is B.Com, FCA, and practicing
Chartered Accountant since last 35 years. He has expertise in
Financial Management, Audit & Tax Advisory matters.
z.+ f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª ¤a¤r aºrr na ¤rfrr¤ =rn ¤a¤
n =ªt¤-fªªrr¤r ¤ s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤rr ¤ f¬aªt f¤ø¬t
=. ªrtrª ¤a¤r n =rn ¤rfrr¤
=r¤rf¬a s¤ftºra ¤a¤ n
¤a¤r rq s¤ftºrfa
¤t ==¤r 27.06.2011
1. >i +.~|·. +|n- 13 13 t|
2. >i (n.¤i. º|+=|n* 3 3 t|
3. >i ·|+z| =ai 13 13 t|
4. >in-i -·|| ~--=¤ nº¤- 10 10 n|ª¸ -ti
5. >in-i ·¤-i- +| ·** 4 2 -ti
6. >i ~-·|ª ¤ - 9 7 n|ª¸ -ti
7. >i ¤=¤i· l= t 13 11 -ti
8. >i ¤i.¤i. -| ·|·i 7 7 n|ª¸ -ti
9. >i nz-|+ ( ~-n 12 12 t|
10. >i ¤i.+. ln>|*** 9 9 t|
11. >i ºi.(-. --¤<i**** 10 7 t|
12. >i ÷i.+. l=ªn|
#
11 11 t|
13. >i ¤i.~|·. =-<·|¤|÷i¤n**** 10 10 t|
14. >i (n.¤i. l=t 13 12 t|
15. >i v<i¤ +n|· 13 13 t|
16. >i (n.(-. ª|¤i-|·| 1 1 n|ª¸ -ti
17 ÷|. =-in ª--| 1 1 n|ª¸ -ti
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ºª.ºº..º¡¡ = l-<z|+ -ti t
*** º·.¡...º¡¡ = l-<z|+ -ti t
**** ..¡...º¡¡ = l-<z|+ -ti t
#
..¡...º¡¡ = l-<z|+ -ti t ~| · .¡.ºª..º¡. = z|¤··||·+ l-<z|+ l-¤| l-- t( t
z.s f¤-at¤ ¤rr zo++-+z ¤ ªrtrª fª¤¤a fªªrr¤r ¤r ¤r¤·r;¬
vtnat srrr =ªa=¤o¢¤ª
·||·- =·+|· - >in-i -·|| ~- -= ¤ nº¤- (n.(=.=i -·|| (n.(. +| ¡º.º..º¡¡
= ¡º.º..º¡· -+ ~·|¤| ~|ª|ni ~|< z|| -+ ¤| ·|i ¤tn t| + ln( ¤ +
+| +|¤ ¤|n+ l-< z|+ l-¤ +- l+¤| t --t ¤ l+ ª n .º ¤·| = ~l·|+ ~| ·
¤in| +|·| ¤|· n ÷ · ¤·| +| ~- ·|¤ t tn|· ¤ + n +|¤ ¤|n+ l-< z|+
l-¤ +- t| - = ¤tn ¤t ¤ + ~| ¤· ¤÷ | <| n nt|v¤-·|+ ·|i
vt =ªtrn ¬ª
·||·- =·+|· - ºª.ºº..º¡¡ = ~|ª|ni ~|<z|| -+ >i ~-·|ª ¤- +| ·||·-
=·+|· + -|ln-i l-<z|+ :ª· +|¤¤|n+| + ª¤ n l-¤+- l+¤| t ¤
¤i.º+ :~|-=| ~|· +|ln+ vz||=- n ª-|-+|·-· l÷ªi·||·+ t --t
vz||=l-+ =¤|~| n .· ¤·| +| ~-·|¤ t
vt ¤t ¤t ¤rªrtt
·||·- =·+|· - ¤+ + =-<i nº||+|· >º|i + ~-ª- >i ¤i ¤i -|·|·i +|
.ª.ºº..º¡¡ = ...ºº..º¡: -+ -i- ¤·| +i ~¤l·| + ln( ~·|¤| ~|ª|ni
~|<z|| -+ ¤| ·|i ¤tn t| + ln( ¤+ + ª· +|¤¤|n+ l-<z|+ + ª¤
n l-¤+- l+¤| t ¤ ¤i.+|n (¤·=i( l÷ªi·||·+ t ~|· l¤¤n ª· ¤·| =
=-<i nº||+|· + ª¤ n vl+º= +· ·t t ¤ l¤·-i¤ v¤-·|- nº||¤·i-||
¤ +· ¤·|nz| + n|nn| n l¤z|·|a t
97
Sh. M. N. Gopinath
Sh. M. N. Gopinath, B.Com., MBA & CAIIB, was elected as
Shareholder Director of the Bank w.e.f. 21.03.2012 upto 20.03.2015.
He has 35 years of Banking and 2 years of Non-Banking experience.
Sh. D. K. Singla
Sh. D. K. Singla, B. Com., FCA, was re-elected as Shareholder
Director of the Bank w.e.f. 21.03.2012 up to 20.03.2015. He was
earlier share holder director of the bank during the period from
27.12.2008 to 26.12.2011. He is practicing Chartered Accountant,
having more than 22 years experience in Audit, Income Tax, Service
Tax of Banks, Govt. Corporations, MNCs etc. He is also director of
CITCO and member of Ethical Standards Board-ICAI and has been
director of PNB Gilts Ltd. and Member of Committee on Public
Finance and Govt. Accounting - ICAI, Smaller Committee of
MARKFED, Audit Committee of Institute for Auto Parts Technology
and Research & Development Centre for Bicycle & Sewing Machine.
Dr. Sunil Gupta
Dr. Sunil Gupta was elected as Shareholder Director of the Bank
w.e.f. 21.03.2012 up to 20.03.2015. He is B. Com., FCA, FICWA
& Ph.D. He is practicing Chartered Accountant since 1991 and
having experience in statutory / concurrent audit of various
nationalized and private sector banks. He has also worked as Stock
Auditor, Income & Expenditure and Revenue Auditor of large PSUs
and Nationalised Banks.
3. Sub-Committees of the Board
The main sub-Committees of the Board are as under:-
3.1 Audit Committee of the Board (ACB)
The Audit Committee of the Board (ACB) has been constituted
by the Bank as per the guidelines of Reserve Bank of India/
Government of India and Listing Agreement with Stock Exchanges.
Functions:
The main functions of the Committee are as under:-
• Providing direction and overseeing the total audit
function of the Bank and follow up on the statutory/
external audit of the Bank and inspections of RBI.
• To interact with Statutory Central Auditors in respect of
approval of quarterly/half yearly/nine monthly/annual
Financial Statements and Reports and also follow up on
all the issues raised in the Long Form Audit Report.
• To review the internal inspection/Audit functions of the
Bank - the systems, its quality and effectiveness in terms
of follow up.
• Review of inspection reports of Specialized and Extra Large
Branches and all the branches with unsatisfactory ratings.
• To act as per provisions of the Listing Agreement and in
line with the RBI guidelines.
The Company Secretary acts as Secretary to the Committee.
vt qn qª nr¤tªrºr
>i (n (- ª|¤i-|·| ¤i.+|n (n¤i( -·|| =i(~|:~|:¤i +| .¡.ºª..º¡.
= .º.ºª..º¡· -+ + ln( ¤+ + z|¤··||·+ l-<z|+ + ª¤ n --| ª¤|
t --t ¤l+ª +| ª· ¤·| ~|· ª·¤l+ª +| . ¤·| +| ~-·|¤ t
vt zt ¤ f=n¬r
>i ÷i + l= ªn| ¤i +| n (¤·=i( +| .¡.ºª..º¡. = .º.ºª..º¡· -+
+ ln( ¤ + + z| ¤··||·+ l-< z|+ + ª¤ n ¤ -· l-¤| l-- l+¤| ª¤| t
¤ ¤tn ..¡...ººº = .·.¡...º¡¡ -+ +i ~¤l·| + <| ·|- ¤ + +
z| ¤··||·+ l-< z|+ ·| ¤ =-<i n º||+|· t ~| · --t ¤ +| =·+|·i
l-ªn| (n(-=i :·¤|l< n n º|| ¤·i-|| ~|¤+· = ¤|+· n .. ¤·| =
~l·|+ +| ~- ·|¤ t ¤ =iº+| :CITCO| + ·|i l-< z|+ t ~| ·
( ·|i+n ªº -÷÷ ¤| ÷ ~|: =i(~|: + =<ª¤ t ~| · ¤i(-¤i lª-º= ln.
+ l-< z|+ ·t t ~| · ¤l·n+ ¤·|: - = ¤ n| + l¤·- (¤ =·+|·i
n º||~|: =i(~|: =lnl- n|+ ¤· ÷ +i n·| =lnl- ~| º| ¤|º= º +-| n| ¤i
= ª·||- +i ~| l÷º =lnl- -·|| =|: +n ~| · l=n|: nz|i- + ln(
~- = ·||- (¤ l¤+|= + -: + =<ª¤ t
zr. =ªt¬ ntar
÷|. =-in ª--| +| .¡.ºª..º¡. = .º.ºª..º¡· -+ + ln( ¤+ +
z|¤··||·+ l-<z|+ + ª¤ n l-¤|l-- l+¤| ª¤| t ¤ ¤i +|n (¤·=i(
(¤·~|:=i÷·-¤¸( ~|· ¤i(-÷i t ¤ ¡ºº¡ = =-<i nº||+|· + ª¤ n
vl+º= +· ·t t ~|· --t l¤l·|-- ·|·ºi¤ ~|· l-¤i -|·| + ¤+| +
=|l¤l·|+ =n¤-i nº|| ¤·i-|| +| ~-·|¤ t --t|- ¤t-¸ =|¤¤l-+ -|·| +
=ª·||- ~|· ·|·ºi¤|- ¤+| + ~|¤ (¤ ·¤¤ ¤ ·|¤ª¤ nº|| ¤·i-|+ ªº|+
nº|| ¤·i-|+ + ª¤ n ·|i +|¤ l+¤| t
s. ¤rz ¤t s¤ =fnfa¤r
¤|÷ +i nº¤ -¤ =lnl-¤| l---lnlº|- t ·
s.+ ¤rz ¤t ¬=rr-¤tt+rr =fnfa (q.=t.¤t.¸
·||·-i¤ l·¤¤ ¤+/·||·- =·+|· + l<z|| l-<z|| ~|· ªº|+ (+=-¤
+ =|·| =¸-i¤z +·|· + ~-=|· ¤+ ,|·| ¤|÷ +i nº||¤·i-|| =lnl-
.=i.¤i.| +| ªa- l+¤| ª¤| t¤r¤.
=lnl- + nº¤ +|¤ l---lnlº|- t ·
• l-<z| <-| (¤ ¤+ + =nª nº|| ¤·i-|| +|¤| +i l-ª·|-i ¤
¤+ +i =|l¤l·|+/¤|n nº|| ¤·i-|| +|¤| (¤ ·||·-i¤ l·¤¤ ¤+
+ l-·i-|º| + =¤·| n ~-¤-i +|·¤|: +·-|
• l-n|ti/ ¤n|ti/-| n|ti/¤|l·| +/l¤-|i¤ ªº ºn º| ¤ l·¤| º| + ~- n| <-
+ =¤·| n +-:i¤ =|l¤l·|+ nº|| ¤·i-|+| = l¤-|·l¤nz|
+·-| (¤ 'n|ª ¤·|n ~|l÷º l·¤|º' n -a|¤ ª¤ =nª- n|nn|
¤· ~-¤-i +|·¤|: +·-|
• ¤+ + ~|-l·+ l-·i-|º|/nº||¤·i-|| =¤·|i +|¤| ~-¤-i
+|·¤|: + ª¤ n vº||ni ªº|¤-|| (¤ v·||¤z|in-| +i =ni-||
+·-|
• l¤lz|·º (¤ ~=|·||·º| ª¤ = ¤÷i z||º||~| ¤ ~=-|·|¤-+
·lºª ¤|ni z||º||~| +i l-·i-|º| l·¤|º| +i =ni-|| +·-|
• =¸-i+·º| +·|· + v|¤·||-| + ~-=|· (¤ ·||·-i¤ l·¤¤ ¤+
+ l<z||l-<z|| + ~-ª¤ +|¤ +·-|
+-¤-i =l-¤ =lnl- + =l-¤ + ª¤ n +|¤ +·-| t
98
Composition as on 31.3.2012
1. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
(Chairman of the Committee)
2. Sh. Rakesh Sethi - Executive Director
3. Smt. Usha - Executive Director
Ananthasubramanian
4. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
5. Sh. Jasbir Singh - Non-executive Director
(RBI Nominee)
6. Sh. Mushtaq A. Antulay - Non-Executive Director
(GoI appointed)
7. Sh. D. K. Singla - Non-Executive Director
(Shareholder Director)
Details of meetings held during the Financial Year 2011-12
S. Date of the Meeting Total No. of No. of Directors
No. Directors of the present in the
Committee Meeting
1. 13.04.2011 6 4
2. 04.05.2011 6 6
3. 31.05.2011 6 5
4. 28.07.2011 6 5
5. 13.08.2011 6 5
6. 06.09.2011 6 4
7. 31.10./01.11.2011 7 5
8. 23.12.2011 7 5
9. 31.01.2012 6 5
10. 22.02.2012 6 6
11. 21.03.2012 6 5
Details of Audit Committee meetings attended by member-
Directors during the Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. B. B. Chaudhry 5 5
2. Sh. Rakesh Sethi 11 11
3. Smt. Usha
Ananthasubramanian 8 8
4. Sh. M. V. Tanksale* 3 3
5. Sh. Anurag Jain 7 3
6. Smt. Ravneet Kaur** 4 1
7. Sh. Jasbir Singh 11 9
8. Sh. Mushtaq A. Antulay 3 3
9. Sh. T. N. Chaturvedi*** 8 4
10. Sh. G. R. Sundaravadivel*** 8 8
11. Sh. D. K. Singla Nil Nil
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 03.08.2011
*** Ceased to be Directors w.e.f. 27.12.2011
3.2 Management Committee (MC)
Management Committee has been constituted in terms of Clause
13 of The Nationalised Banks (Management & Miscellaneous
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ¤i ¤i -|·|·i ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·|
-|º÷ ~+|-ºº >º|i n l-¤+-|
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i ~-·|ª ¤- ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· -|ln-i|
·. >i ¤=¤i· l=t ª· +|¤¤|n+ l-<z|+
:·||.l·.¤+ -|ln-i|
·. >i (n.(. ~-n ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· -|ln-i|
. >i ÷i.+. l=ªn| ª· +|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
l¤·-i¤ ¤·| .º¡¡¡. + <|·|- ~|¤|l¤- ¤a+| + ·¤|· ·
a. ¤a¤ ¤t artt=r =fnfa n ¤a¤ n
=. fªªrr¤r ¤t s¤ftºra fªªrr¤r
¤¬ ==¤r ¤t ==¤r
1. 13.04.2011 6 4
2. 04.05.2011 6 6
3. 31.05.2011 6 5
4. 28.07.2011 6 5
5. 13.08.2011 6 5
6. 06.09.2011 6 4
7. 31.10./01.11.2011 7 5
8. 23.12.2011 7 5
9. 31.01.2012 6 5
10. 22.02.2012 6 6
11. 21.03.2012 6 5
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =ªt¤ fªªrr¤r çrtr ¤a¤r n +rrn ¬ª
=r¤ªrt f¤¤t¢r
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¤aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i ¤i ¤i -| ·|·i 5 5
2. >i ·|+z| =ai 11 11
3. >in-i -·||
~--=¤nº¤- 8 8
4. >i (n ¤i º|+=|n* 3 3
5. >i ~-·|ª ¤ - 7 3
6. >in-i ·-¤i- +| ·** 4 1
7. >i ¤=¤i· l= t 11 9
8. >i nz-|+ (. ~-n 3 3
9. >i ºi (- --¤ <i*** 8 4
10. >i ¤i.~|·. =-<·¤|÷i¤n*** 8 8
11. >i ÷i.+. l=ªn| z|¸-¤ z|¸-¤
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ºª.ºº..º¡¡ = l-<z|+ -ti t
*** ..¡...º¡¡ = l-<z|+ -ti t
s.z ¤¤-ªrª =fnfa (qn=t¸
·|·ºi¤|- ¤+| :v¤-·|- (¤ l¤l¤·| v|¤·||-|| ¤|¤-| ¡ºº +i ·||·|
¡ª +i z|-|-=|· v¤-·|- =lnl- +| =ªa- l+¤| ª¤| t =lnl-
99
Provisions) Scheme, 1970. The Committee considers following
matters which are beyond the discretionary powers of CMD:-
a) Sanctioning of credit proposals (funded & non funded),
b) Loan compromise/write-off proposals,
c) Proposal for approval of capital and revenue expenditure,
d) Proposals relating to acquisition and hiring of premises
including deviation from norms for acquisition and hiring
of premises,
e) Filing of suits/appeals, defending them etc.
f) Investments in Government and other approved securities,
shares and debentures of companies including underwriting,
g) Donations,
h) Any other matter referred by the Board.
Composition as on 31.3.2012
1. Sh. K. R. Kamath Chairman & Managing Director
(Chairman of the Committee)
2. Sh. Rakesh Sethi Executive Director
3. Smt. Usha Executive Director
Ananthasubramanian
4. Sh. Jasbir Singh Non-Executive Director
(RBI Nominee)
5. Sh. B. B. Chaudhry Non-Executive Director
(GoI appointed CA category)
6. Sh. Pradeep Kumar Non-Executive Director
(Officers Nominee Director)
7. Sh. M. P. Singh Non-Executive Director
(Workmen Nominee Director)
8. Sh. Mushtaq A. Antulay Non-Executive Director
(GoI Nominee Director)
Details of meetings held during the Financial Year 2011-12
Sl. Date of Total No. of Directors No. of Directors
No. Meeting of the Committee present in the Meeting
1. 13.04.2011 7 6
2. 04.05.2011 7 7
3. 30.05.2011 7 6
4. 13.06.2011 7 6
5. 27.06.2011 7 6
6. 14.07.2011 7 6
7. 27.07.2011 7 7
8. 12.08.2011 7 5
9. 05.09.2011 7 7
10. 26.09.2011 7 7
11. 14.10.2011 8 8
12. 31.10.2011 8 8
13. 30.11.2011 8 8
14. 23.12.2011 8 8
15. 29.12.2011 8 7
16. 30.01.2012 8 8
17. 21.02.2012 8 8
18. 21.03.2012 8 8
19. 28.03.2012 8 8
l---lnlº|- n<| ¤|l+ =i(n÷i + l¤¤+|·|i- ~l·|+|·| = ¤· t ¤·
l¤-|· +·-i t
+. +º| vª-|¤| +i ª¤i|l- :l-l·| (¤ ª· l-l·||
º|. +º| =n¤|-|/¤¤ º||- vª-|¤
ª. ¤¸¤i ~|· ·|¤ª¤ º|- + ~-n|<-|·| vª-|¤
·|. ¤l·=·| +| ~l·|ªtº| (¤ l+·|( ¤· n- + n|-<÷| n l¤-n-
=¤·|i vª-|¤
÷ n+<n|/~¤in <|¤· +·-| --+| ¤-|¤ +·-| :·¤|l<
-. =·+|·i (¤ ~-¤ ~-n|l<- vl-·|¸l-¤| +¤l-¤| + ~z|¤·|| ~|·
+º| ¤·|| n l-¤z| (¤ ~÷··|:lºª
¤. <|-
¤. ¤|÷ ,|·| vl·|- ~-¤ +|: n|nn|
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i + ~|· +|n- ~·¤-| (¤ v¤-·| l-<z|+
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i ¤=¤i· l=t ª·+|¤¤|n+ l-<z|+
:·||.l·.¤+ -|ln-i|
·. >i ¤i.¤i. -|·|·i ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·| -|º÷
~+|-ºº >º|i n l-¤+-|
·. >i v<i¤ +n|· ª· +|¤¤|n+ l-<z|+
:~l·|+|·i -|ln-i l-<z|+|
. >i (n.¤i. l=t ª· +|¤¤|n+ l-<z|+
:+n-|·i -|ln-i l-<z|+|
º. >i (n.(. ~-n ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· -|ln-i|
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r ¤r f¤¤t¢r
a. ¤a¤ ¤t =fnfa ¤ ¤a¤r n s¤ftºra
=. fafºr ¤¬ fªªrr¤ rq fªªrr¤
1. 13.04.2011 7 6
2. 04.05.2011 7 7
3. 30.05.2011 7 6
4. 13.06.2011 7 6
5. 27.06.2011 7 6
6. 14.07.2011 7 6
7. 27.07.2011 7 7
8. 12.08.2011 7 5
9. 05.09.2011 7 7
10. 26.09.2011 7 7
11. 14.10.2011 8 8
12. 31.10.2011 8 8
13. 30.11.2011 8 8
14. 23.12.2011 8 8
15. 29.12.2011 8 7
16. 30.01.2012 8 8
17. 21.02.2012 8 8
18. 21.03.2012 8 8
19. 28.03.2012 8 8
100
Details of meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. K. R. Kamath 19 19
2. Sh. M. V. Tanksale* 5 5
3. Sh. Rakesh Sethi 19 19
4. Smt. Usha Ananthasubramanian 13 13
5. Sh. Jasbir Singh 19 15
6. Sh. T.N. Chaturvedi** 8 7
7. Sh. G. R. Sundaravadivel*** 10 10
8. Sh. M. P. Singh 16 14
9. Sh. Pradeep Kumar 7 7
10. Sh. V. K. Mishra**** 5 5
11. Sh. B. B. Chaudhry 9 9
12. Sh. Mushtaq A. Antulay 9 9
13. Sh. D. K. Singla# 2 2
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be member w.e.f. 27.08.2011
*** Ceased to be member w.e.f. 01.10.2011
**** Ceased to be Director w.e.f. 05.12.2011
# Ceased to be Director on 27.12.2011 & re-elected w.e.f. 21.03.2012.
3.3. Credit Approval Committee (CAC) (New)
Functions:
The Credit Approval Committee exercises the powers of the
Board with regard to:
Each credit proposal up to Rupees Four Hundred Crore in case
of "A" category Banks having business of rupees three lakh
crore or more.
Composition as on 31.03.2012
Sh. K. R. Kamath Chairman & Managing Director
(Chairman of the Committee)
Sh. Rakesh Sethi Executive Director
Smt. Usha Ananthasubramanian Executive Director
General Manager Finance
General Manager Credit
General Manager Risk Management
General Manager IBD
Details of meetings of Credit Approval Committee held from
13.02.12 to 31.03.12 and attended by Directors
S. Date of Meeting Total strength of No. of Directors
No. Directors present in the meeting
1. 13.02.2012 3 3
2. 21.02.2012 3 3
3. 27.02.2012 3 3
4. 05.03.2012 3 3
5. 13.03.2012 3 3
6. 19.03.2012 3 3
7. 26.03.2012 3 3
8. 29.03.2012 3 3
3.4 Risk Management Committee
The Bank has constituted the Risk Management Committee.
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =ªt¤ fªªrr¤r çrtr ¤a¤r n +rrn ¬ª
=r¤ªrt f¤¤t¢r
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¤aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i +.~|·. +|n- 19 19
2. >i (n ¤i º|+=|n* 5 5
3. >i ·|+z| =ai 19 19
4. >in-i -·|| ~--=¤ nº¤- 13 13
5. >i ¤=¤i· l= t 19 15
6. >i ºi (- --¤ <i** 8 7
7. >i ¤i.~|·. =-<·¤|÷i¤n*** 10 10
8. >i (n ¤i l= t 16 14
9. >i v<i¤ +n|· 7 7
10. >i ¤i + ln>|**** 5 5
11. >i ¤i ¤i -| ·|·i 9 9
12. >i nz-|+ ( ~-n 9 9
13. >i ÷i + l=ªn|
#
2 2
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ..ºº..º¡¡ = l-<z|+ -ti t
*** º¡.¡º..º¡¡ = l-<z|+ -ti t
**** º·.¡º..º¡¡ = l-<z|+ -ti t
#
..¡...º¡¡ = l-<z|+ -ti t ~| · .¡.ºª..º¡. = ¤-· l-¤| l-- t( t
s.s =¢r =ªnrªª =fnfa (=tq=t¸ (ª;¸
¤r¤ .
+º| ~-n|<- =lnl- l---lnlº|- = =-¤l-·|- n÷n +i z|l+-¤| +|
v¤|ª +·-i t ·
-i- n|º| +·|÷ ª¤¤ ¤| ~l·|+ + +|·|¤|· ¤|n '(' >º|i + ¤+|
+ n|nn n ª¤¤ :ºº +·|÷ -+ + v·¤+ +º| vª-|¤
s+.os.zo+z ¤t ftºrfa =ª=rt =t¤ªr .
>i +.~|·. +|n- ~·¤-| (¤ v¤-·|+ l-<z|+
:=lnl- + ~·¤-||
>i ·|+z| =ai +|¤¤|n+ l-<z|+
>in-i -·|| ~--=¤nº¤- +|¤¤|n+ l-<z|+
nt|v¤-·|+ l¤·-
nt|v¤-·|+ +º|
nt|v¤-·|+ ¤|lº|n v¤-·|-
nt|v¤-·|+ ~|:¤i÷i
+s.oz.zo+z = s+.os.zo+z a¤ =r¤rf¬a =¢r =ªnrªª =fnfa ¤t
¤a¤ aºrr fªªrr¤r ¤t s¤ftºrfa ¤ ª¤rt
a. ¤a¤ ¤t artt=r ¤¬ fªªrr¤r ¤a¤ n s¤ftºra
=. ¤t ==¤r fªªrr¤r ¤t ==¤r
1. 13.02.2012 3 3
2. 21.02.2012 3 3
3. 27.02.2012 3 3
4. 05.03.2012 3 3
5. 13.03.2012 3 3
6. 19.03.2012 3 3
7. 26.03.2012 3 3
8. 29.03.2012 3 3
s.+ ¬rf=rn ¤¤ªrª =fnfa
¤+ ,|·| ¤|lº|n v¤-·|- =lnl- +| ªa- l+¤| ª¤| t
101
Functions:
• To guide CRMC, ALCO & ORMC on any issue of
importance for risk management and to oversee the
functioning of these committees for effective coordination.
• Approving Market Risk Management processes
(including people, systems, operations, limits and
controls) as per Bank's policy.
• Approval of any other action necessary to comply with
requirements set forth in Risk Management Policy/RBI
guidelines or otherwise required for managing any risk.
Composition as on 31.3.2012.
1. Sh. K. R. Kamath - Chairman & Managing Director
(Chairman of the Committee)
2. Sh. Rakesh Sethi - Executive Director
3. Smt. Usha - Executive Director
Ananthasubramanian
4. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
5. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
6. Sh. Mushtaq A. Antulay - Non-Executive Director
(GoI appointee)
Details of meetings attended by member-directors during the
Financial Year 2011-12.
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1 Sh. K. R. Kamath 4 4
2. Sh. M. V. Tanksale* 1 1
3. Sh. Rakesh Sethi 4 4
4. Smt. Usha Ananthasubramanian 3 3
5. Ms. Ravneet Kaur** 1 Nil
6. Sh. Anurag Jain 3 1
7. Sh. T. N. Chaturvedi*** 3 1
8. Sh. G. R. Sundaravadivel*** 3 3
9. Sh. D. K. Singla@ 3 3
10. Sh. B. B. Chaudhry 1 1
11. Sh. Mushtaq A. Antulay 1 1
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India. .
** Ceased to be Director w.e.f. 03.08.2011.
*** Ceased to be Directors w.e.f. 27.12.2011.
@ Ceased to be Director w.e.f. 27.12.2011 & re-elected as Shareholder Director
w.e.f. 21.03.2012.
3.5 Committee of Directors to review disposal of Vigilance/
Non-vigilance Disciplinary action cases (COD)
The Committee reviews disposal of vigilance and non-vigilance
disciplinary action cases on quarterly basis.
Composition as on 31.3.2012
1. Sh. K. R. Kamath Chairman & Managing Director
(Chairman of the Committee)
¤r¤
• ¤|lº|n v¤·|- = =¤l·|- l+=i ·|i nt·¤¤¸º| l¤·|¤ ¤· =i ~|·
(n =i (n(n=i~| (¤ ~| ~|· (n =i +| n|ª<z|- +·-| -·||
v·||¤i =n-¤¤ + ln( :- =lnl-¤| + +|¤ +| <º|-|
• ¤ + +i -il- + ~- =|· ¤|¤|· ¤| lº|n v¤-·|- vl+¤|
:·¤l+- vº||ni v-|n- =in| (¤ l-¤ ·|º| =lt-| +|
ª¤i|- +·-|
• ¤|lº|n v¤·|- -il-/·||.l·. ¤+ + l<z|| l-<z|| ¤| ~-¤·|| l+=i
~-¤ ¤|lº|n + v¤·|- +i ~-¤|n-| t- ~¤l-|- l+=i ~-¤
~|¤z¤+ +|·¤|: +| ~-n|<- +·-|
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| ~--=¤nº¤- +|¤¤|n+ l-<z|+
:. >i ~-·|ª ¤- ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
·. >i ¤i ¤i -|·|·i ª·+|¤¤|n+ l-<z|+
:-|º÷ ~+|-ºº >º|i n
·||·- =·+|· -|ln-i|
·. >i nz-|+ ( ~-n ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤ - fªªrr¤r
¤t s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1 >i +.~|·.+|n- 4 4
2. >i (n.¤i. º|+=|n* 1 1
3. >i ·|+z| =ai 4 4
4. >in-i -·|| ~--=¤ nº¤- 3 3
5. =>i ·¤-i- +| ·** 1 z|¸-¤
6. >i ~-·|ª ¤ - 3 1
7. >i ºi.(-. --¤<i*** 3 1
8. >i ¤i.~|·. =-<·|¤|÷i¤n*** 3 3
9. >i ÷i.+. l=ªn|@ 3 3
10. >i ¤i.¤i. -| ·|·i 1 1
11. >i nz-|+ ( ~-n 1 1
* =ºn ¤ + ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ºª.ºº..º¡¡ = =lnl- + =<ª¤ -ti t
*** ..¡...º¡¡ = =lnl- + =<ª¤ -ti t
@ ..¡...º¡¡ = l-< z|+ -ti t ~| · .¡.ºª..º¡. = z| ¤··||·+ l-< z|+ l-¤| l--
t ( t
s.s =a¤ar.nt-=a¤ar =ªrrr=fª¤ ¤rt¤r; nrn¬r ¤ fª¤ºrª ¤t
=nt+rr ra fªªrr¤ =fnfa (=t =r zt¸
=lnl- =-+-| ~|· ª·=-+-| ~-z||=l-+ +|·¤|: n|nn| +
l-¤º|- +i =ni-|| l-n|ti ~|·||· ¤· +·-i t
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-||
102
2. Sh. Rakesh Sethi Executive Director
3. Smt. Usha Executive Director
Ananthasubramanian
4. Sh. Anurag Jain Non-Executive Director
(GoI Nominee)
5. Sh. Jasbir Singh Non-Executive Director
(RBI Nominee)
Details of meeting attended by member-Directors during the
Financial Year 2011-12.
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. K. R. Kamath 4 4
2. Sh. M.V. Tanksale* 1 1
3. Sh. Rakesh Sethi 4 4
4. Smt. Usha Ananthasubramanian 3 3
5. Ms. Ravneet Kaur** 1 Nil
6. Sh. Anurag Jain 3 1
7. Sh. Jasbir Singh 4 3
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India. .
** Ceased to be Director w.e.f. 03.08.2011.
3.6 Information Technology Committee
The Committee has been constituted to study various aspects
of Information Security & Information Technology initiatives
and suggest appropriate measures to strengthen the same in
the Bank. The various IT initiatives including the IT Policy and
IT Expenditure Budget are being placed in the quarterly
meetings of IT Committee of the Board for information/
discussion/guidance/approval.
Composition as on 31.3.2012
1. Sh. Rakesh Sethi Executive Director
(Chairman of the Committee)
2. Smt. Usha Executive Director
Ananthasubramanian
3. Sh. M. P. Singh Non-Executive Director
(Workmen Nominee Director)
4. Sh. Pradeep Kumar Non-Executive Director
(Officers Nominee Director)
Details of meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. M. V. Tanksale* 1 1
2. Sh. Rakesh Sethi 4 4
3. Smt. Usha Ananthasubramanian 3 3
4. Sh. D.K. Singla** 3 3
5. Sh. M. P. Singh 4 3
6. Sh. Pradeep Kumar 4 4
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 27.12.2011 & re-elected w.e.f. 21.03.2012.
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i ~-·|ª ¤- ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
·. >i ¤=¤i· l=t ª· +|¤¤|n+ l-<z|+
:·||·-i¤ l·¤¤ ¤+ + -|ln-i|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤-fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn sª¤ ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºrfa rq
1. >i +.~|·. +|n- 4 4
2. >i (n.¤i. º|+=|n* 1 1
3. >i ·|+z| =ai 4 4
4. >in-i -·|| ~--=¤ nº¤- 3 3
5. =>i ·¤-i- +| ·** 1 z|¸-¤
6. >i ~-·|ª ¤ - 3 1
7. >i ¤=¤i· l= t 4 3
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ºª.ºº..º¡¡ = l-<z|+ -ti t
s.e =¸¤ªr ¤rurfn¤t =fnfa
:= =lnl- +| ªa- =¸--|=·-|| (¤ =¸--| v|¤|lª+i =¤·|i l¤l·|--
¤tn~| + ~·¤¤- (¤ :-t ¤+ n n¤¤¸- +·- ¤ -¤¤+- -¤|¤| +|
=¤|¤ <- t- l+¤| ª¤| t =¸--| v|¤|lª+i = =-¤l-·|- l¤l·|--
¤tn| l¤-n ~|:ºi -il- -·|| ~|:ºi º|- ¤¤º z||lnn t +| ¤|÷
+i =¸--| v|¤|lª+i =lnl- +i l-n|ti ¤a+| n =¸--|·|/l¤-|·|·|/
l<z||l-<z|/~-n|<- t- vª-- l+¤| ¤|-| t
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ·|+z| =ai +|¤¤|n+ l-<z|+
:=lnl- + ~·¤-||
.. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
ª. >i (n. ¤i. l=t ª· +|¤¤|n+ l-<z|+
:+n-|·i -|ln-i l-<z|+|
:. >i v<i¤ +n|· ª· +|¤¤|n+ l-<z|+
:~l·|+|·i -|ln-i l-<z|+|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤ - fªªrr¤r
¤t s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn =r¤rf¬a ¤a¤r f¬aªt ¤a¤r
=. ¤t ==¤r n s¤ftºra rq
1. >i (n.¤i. º|+=|n* 1 1
2. >i ·|+z| =ai 4 4
3. >in-i -·|| ~--=¤ nº¤- 3 3
4. >i ÷i.+. l=ªn|** 3 3
5. >i (n.¤i. l=t 4 3
6. >i v<i¤ +n|· 4 4
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª l+¤|
** l<-|+ ..º..¡¡ = l-<z|+ -ti t ~| · .¡.ºª..º¡. +| ¤-· l-¤| l--
103
3.7 Directors Promotion Committee
The Committee considers candidates for promotions to Top
Executive Grade Scale-VII as well as representations of
candidates against non-approval for promotion to Top
Executive Grade Scale-VII.
Composition as on 31.3.2012
1. Sh. K. R. Kamath - Chairman & Managing Director
(Chairman of the Committee)
2. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
3. Sh. Jasbir Singh - Non-Executive Director
(RBI Nominee)
Details of meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. K. R. Kamath 2 2
2. Ms. Ravneet Kaur* 1 1
3. Sh. Anurag Jain 1 1
4. Sh. Jasbir Singh 2 2
* Ceased to be Director w.e.f. 03.08.2011 .
3.8 Special Committee of Board - For monitoring fraud cases.
The Committee has been constituted for monitoring and
review of all fraud cases of `1.00 crore and above.
Composition as on 31.3.2012:
1. Sh. K. R. Kamath - Chairman and Managing Director
(Chairman of the Committee)
2. Sh. Rakesh Sethi - Executive Director
3. Smt. Usha - Executive Director
Ananthasubramanian
4. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
5. Sh. D. K. Singla - Non Executive Director
(Shareholder Director)
6. Sh. Mushtaq A. Antulay - Non Executive Director
(GoI appointed)
7. Sh. Pradeep Kumar - Non-Executive Director
(Officers' Nominee Director)
8. Sh. M. P. Singh - Non-Executive Director
(Workmen Nominee Director)
Details of meetings attended by Member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. K. R. Kamath 9 9
2. Sh. M. V. Tanksale* 1 1
3. Sh. Rakesh Sethi 9 9
4. Smt. Usha Ananthasubramanian 8 8
5. Ms. Ravneet Kaur** 2 Nil
6. Sh. Anurag Jain 7 2
s.z ¤ªr-ªfa ¤ f¬q fªªrr¤ =fnfa
=lnl- --- +|¤¤|n+ ª÷ ª+n VII n ¤<|--l- + ln( --ni<¤|·|
+ =¤·| n l¤-|· +·-i t -·|| --- +|¤¤|n+ ª÷ ª+n VII n
~-n|<- - t|- + =¤·| n v|-- vl-¤<-| ¤· l¤-|· +·-i t
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-| |
.. >i ~-·|ª ¤- ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
ª. >i ¤=¤i· l=t ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤-fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºrfa rq
1. >i +.~|·.+|n- 2 2
2. =>i ·¤-i- +| ·* 1 1
3. >i ~-·|ª ¤ - 1 1
4. >i ¤=¤i· l= t 2 2
* l<-|+ ºª.ºº.¡¡ = l-<z|+ -ti t
s.s ¤rz ¤t f¤rrrr =fnfa - ªrr=rrªrzt nrn¬r ¤t fªntrªt ra
(+ +·|÷ ª¤¤ -·|| :== ~l·|+ ·|lz| ¤|n ·||º||·|÷i n|nn| n
l-ª·|-i -·|| =ni-|| t- ¤t l¤z|·| =lnl- ªla- +i ª: t
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i ~-·|ª ¤- ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· +i -|ln-i|
·. >i ÷i.+. l=ªn| ª·+|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
·. >i (n ( ~-n ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· +i -|ln-i|
. >i v<i¤ +n|· ª·+|¤¤|n+ l-<z|+
:~l·|+|·i -|ln-i l-<z|+|
º. >i (n.¤i. l=t ª·+|¤¤|n+ l-<z|+
:+n-|·i -|ln-i l-<z|+|
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤ fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i +.~|·. +|n- 9 9
2. >i (n.¤i. º|+=|n* 1 1
3. >i ·|+z| =ai 9 9
4. >in-i -·|| ~--=¤ nº¤- 8 8
5. =>i ·¤-i- +| ·** 2 z|¸-¤
6. >i ~-·|ª ¤ - 7 2
104
7. Sh. D. K. Singla*** 7 7
8. Sh. Pradeep Kumar 9 9
9. Sh. M. P. Singh 9 9
10. Sh. Mushtaq A. Antulay 1 1
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 03.08.2011.
*** Ceased to be Director w.e.f. 27.12.2011 & re-elected w.e.f. 21.03.2012.
3.9 Remuneration Committee
The Committee evaluates performance of whole-time
Directors (CMD & EDs) of the Bank to decide entitlement of
incentive.
Composition as on 31.3.2012 :
1. Sh. Anurag Jain Non-Executive Director
(GoI Nominee)
2. Sh. Jasbir Singh Non-Executive Director
(RBI Nominee)
3. Sh. B. B. Chaudhry Non-Executive Director
(GoI appointed CA category)
4. Sh. M. N. Gopinath Non-Executive Director
(Shareholder Director)
Details of meetings attended by member-Directors during the
Financial Year 2011-12.
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. Anurag Jain Nil Nil
2. Ms Ravneet Kaur* 1 1
3. Sh. Jasbir Singh 1 1
4. Sh. B. B. Chaudhry Nil Nil
5. Sh. M. N. Gopinath Nil Nil
6. Sh. G.R. Sundaravadivel** 1 1
7. Sh. V.K. Mishra*** 1 1
* Ceased to be Director w.e.f. 03.08.2011
** Ceased to be Director w.e.f. 27.12.2011
***Ceased to be Director w.e.f. 05.12.2011
3.10Nomination Committee
The committee has been constituted as per RBI guidelines to
determine the fulfillment of ‘fit and proper’ criteria in respect
of Shareholder Director(s) on the Board of Bank.
Composition as on 31.03.2012
1. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
(Chairman of the Committee)
2. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
3. Sh. Mushtaq A. Antulay - Non-Executive Director
(Appointed by GoI)
One meeting of the committee was held on 06.03.2012 during the
Financial Year 2011-12, which was attended by all the 3 members.
7. >i ÷i + l=ªn|*** 7 7
8. >i v<i¤ +n|· 9 9
9. >i (n.¤i. l=t 9 9
10. >i nz-|+ ( ~-n 1 1
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤·| l-<z|+ ¤< ¤· =n--l- ¤· l<-|+ .º.º·..º¡¡
+| ¤< ·¤|ª
** ºª.ºº..º¡¡ = l-<z|+ -ti t
*** ºª.ºº..º¡¡ = l-<z|+ -ti t ~| · .¡.ºª..º¡. = ¤-· l-¤| l--
s.v ¤rftvfn¤ =fnfa
=lnl- v|·=|t- +i ~t-| +| l-º|¤ +·- + ln¤ ¤+ + ¤¸º|+|ln+
l-<z|+| :~·¤-| (¤ v¤-·| l-<z|+ -·|| +|¤¤|n+ l-<z|+| +
+|¤l-·¤|<- +| n¸-¤|+- +·-i t
s+.os.zo+z ¤t ftºrfa =ª=rt =t¤ªr
¡. >i ~-·|ª ¤- ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
.. >i ¤=¤i· l=t ª· +|¤¤|n+ l-<z|+
:·||·-i¤ l·¤¤ ¤+ + -|ln-i|
ª. >i ¤i ¤i -|·|·i ª· +|¤¤|n+ l-<z|+
:=-<i nº||+|· >º|i n
·||·- =·+|· ,|·| l-¤+-|
:. >i (n (- ª|¤i-|·| ª· +|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a =ªt¤-fªªrr¤r çrtr ¤a¤r
n +rrn ¬ª ¤r ª¤rtr
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i ~-·|ª ¤- z|¸-¤ z|¸-¤
2. =>i ·¤-i- +| ·* 1 1
3. >i ¤=¤i· l= t 1 1
4. >i ¤i. ¤i. -|·|·i z|¸-¤ z|¸-¤
5. >i (n.(-. ª|¤i-|·| z|¸-¤ z|¸-¤
6. >i ¤i.~|·. =-<·|¤|÷i¤n** 1 1
7. >i ¤i.+. ln>|*** 1 1
* l<-|+ ºª.ºº...º¡¡ = l-<z|+ -ti t
** l<-|+ ..¡....º¡¡ = l-<z|+ -ti t
*** l<-|+ º·.¡...º¡¡ = l-<z|+ -ti t
s.+o ªrnr¤ª =fnfa
=lnl- +| ªa- ·||.l·.¤+ + l<z||l-<z|| + ~-=|· ¤+ + ¤|÷ n
z|¤··||·+ l-<z|+:+|| + =¤·| n ''-¤¤+- -·|| =nl--'' n|-+|
+| ~-¤|n- =l-lz-- +·- + ln( l+¤| ª¤| t
s+.os.zo+z ¤t ftºrfa =ª=rt =t¤ªr
¡. >i ~-·|ª ¤- ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
:=lnl- + ~·¤-||
.. >i ¤i ¤i -|·|·i ª·+|¤¤|n+ l-<z|+
:=-<i nº||+|· >º|i n
·||·- =·+|· ,|·| l-¤+-|
ª. >i nz-|+ ( ~-n ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
l¤·-i¤ ¤·| .º¡¡¡. + <|·|- =lnl- +i (+ ¤a+ l<-|+ ·.ºª..º¡. +|
t: l¤=n =·|i -i-| =<ª¤| - ·||ª ln¤|
105
3.11Customer Service Committee
The Customer Service Committee has been constituted to
discharge the following functions:
• Formulation of a Comprehensive Deposit Policy.
• Issues such as the treatment/settlement of account on
death of a depositor.
• Product approval process with a view to ensure its
suitability and appropriateness
• Annual Survey of depositor satisfaction.
• Triennial audit of such services.
• Monitoring the implementation of awards under the
Banking Ombudsman Scheme.
• Examine any other issue having a bearing on the quality
of customer service rendered.
Composition as on 31.3.2012:
1. Sh. K. R. Kamath Chairman & Managing Director
(Chairman of the Committee)
2. Sh. Rakesh Sethi Executive Director
3. Smt. Usha Executive Director
Ananthasubramanian
4. Sh. M. P. Singh Non-Executive Director
(Workmen Nominee)
5. Sh. Pradeep Kumar Non-Executive Director
(Officers Nominee)
6. Sh. M. N. Gopinath Non-Executive Director
(Shareholder Director)
Details of meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. K. R. Kamath 4 4
2. Sh. M. V. Tanksale* 1 1
3. Sh. Rakesh Sethi 4 4
4. Smt. Usha Ananthasubramanian 3 3
5. Sh. V.K. Mishra** 3 3
6. Sh. M. P. Singh 4 3
7. Sh. Pradeep Kumar 4 4
8.. Sh. M. N. Gopinath N.A. N.A.
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 05.12.2011
3.12Power of Attorney Committee
The committee grants power of attorney to officers and
employees of the Bank authorizing them to execute documents
and represent on behalf of the Bank.
Composition as on 31.3.2012
1. Sh. Rakesh Sethi - Executive Director
(Chairman of the Committee)
s.++ nrr¤ =¤r =fnfa
ª |t+ = ¤| =lnl- +| ªa- l---lnlº|- +|¤| + ln( l+¤|
ª¤| t ·
• ·¤|¤+ ¤n| -il- ¤-|-|
• l¤·|¤ ¤ = l+ ¤n|+-| +i n ·¤ ¤· -=+ º||- + ¤l·-|n-/l-¤º|-
+ ln( += ·¤¤t|· +·-| t
• ~-+¸n-| ¤ -¤¤+--| +| ·¤|- n ·º|- t( -·¤|< ~-n|<-
vl+¤|
• ¤n|+-| =-l·º t- ¤|l·|+ =¤-|º|
• (=i =¤|~| +i ·|¤|l·|+ nº||¤·i-||
• ¤l+ª n|+¤|n ¤|¤-| + ~--ª- ~¤|÷ + +|¤|-¤¤- +i
l-ª·|-i +·-|
• v<|- +i ª: ª|t+ =¤| +i ªº|¤-|| = =¤l·|- l+=i ~-¤
n|nn +| <º|-|
s+.s.zo+z ¤t ftºrfa =ª=rt =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-| |
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i (n.¤i.l=t ª·+|¤¤|n+ l-<z|+
:+n-|·i -|ln-i l-<z|+|
·. >i v<i¤ +n|· ª·+|¤¤|n+ l-<z|+
:~l·|+|·i -|ln-i l-<z|+|
·. >i (n .(-. ª|¤i-|·| ª·+|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a =ªt¤-fªªrr¤r çrtr ¤a¤r
n +rrn ¬ª ¤r ª¤rtr
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i +.~|·. +|n- 4 4
2. >i (n.¤i. º|+=|n* 1 1
3. >i ·|+z| =ai 4 4
4. >in-i -·|| ~--=¤ nº¤- 3 3
5. >i ¤i.+. ln>|** 3 3
6. >i (n.¤i. l=t 4 3
7. >i v<i¤ +n|· 4 4
8.. >i (n (- ª|¤i-|·| n|ª¸ -ti n|ª¸ -ti
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ º·.¡...º¡¡ = l-<z|+ -ti t
s.+z n=artªrnr =fnfa
=lnl- ¤+ n +|¤ +· ·t ~l·|+|l·¤|/+n-|l·¤| +| nº-|·-|n|
:¤|¤· ~|¤· ~º|-i| v<|- +·-i t -|l+ ¤ <ª-|¤¤| +| l-·¤|l<-
+· =+ ~|· ¤+ +| vl-l-l·|·¤ +· =+
s+.s.zo+z ¤ =ª=rt =t¤ªr
¡. >i ·|+z| =ai +|¤¤|n+ l-<z|+
:=lnl- + ~·¤-||
106
2. Smt. Usha - Executive Director
Ananthasubramanian (Alternate Chairperson of the
Committee)
3. Sh. Mushtaq A. Antulay - Non-Executive Director
(Appointed by GoI)
4. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
Details of meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. Rakesh Sethi 6 6
2. Sh. M. V. Tanksale* 1 Nil
3. Smt. Usha Ananthasubramanian 5 5
4. Sh. Mushtaq. A. Antulay 2 2
5. Sh. B. B. Chaudhry 2 2
6. Sh. V. K. Mishra** 4 4
7. Sh. T. N. Chaturvedi*** 4 Nil
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 05.12.2011
*** Ceased to be Director w.e.f. 27.12.2011
3.13Appellate Authority & Reviewing Authority Committee
The committee has been constituted to act as Appellate
Authority/Reviewing Authority in terms of schedule of
Disciplinary Authorities to PNB Officer Employees (Discipline
& Appeal) Regulations, 1977.
Composition as on 31.3.2012
1. Sh. K. R. Kamath - Chairman and Managing Director
(Chairman of the Committee)
2. Sh. Rakesh Sethi - Executive Director
3. Smt. Usha - Executive Director
Ananthasubramanian
4. Sh. Anurag Jain - Non-Executive Director
(GoI Nominee)
Only one meeting of the Committee was held on 29.12.2011 during
the Financial Year 2011-12 which was attended by all the members.
3.14Insurance Joint Venture Committee:
The Committee has been constituted to decide and
recommend to the Board of the Bank, the future course of
action in Insurance business by the Bank.
Composition as on 31.3.2012
1. Sh. Rakesh Sethi - Executive Director
(Chairman of the Committee)
2. Smt. Usha - Executive Director
Ananthasubramanian
3. Sh. Mushtaq A. Antulay - Non-Executive Director
(GoI appointed)
.. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤- :=lnl- +i ¤+l-¤+ ~·¤-|||
ª. >i nz-|+ ( ~-n ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·| l-¤+-|
:. >i ¤i ¤i -|·|·i ª· +|¤¤|n+ l-<z|+
:=-<i nº||+|· >º|i n
·||·- =·+|· ,|·| l-¤+-|
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤-fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt.
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤ n s¤ftºra rq
1. >i ·|+z| =ai 6 6
2. >i (n.¤i. º|+=|n* 1 z|¸-¤
3. >in-i -·|| ~--=¤ nº¤- 5 5
4. >i nz-|+ (. ~--n 2 2
5. >i ¤i.¤i. -| ·|·i 2 2
6. >i ¤i.+. ln>|** 4 4
7. >i ºi.(-. --¤<i*** 4 z|¸-¤
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ º·.¡...º¡¡ = l-<z|+ -ti t
*** l<-|+ ..¡..¡¡ = l-<z|+ -ti t
s.+s =¤t¬t¤ ¤rfªr¤rtt ¤ =nt+rr ¤rfªr¤rtt =fnfa
=lnl- +| ªa- ¤i(-¤i ~l·|+|·i/+n-|·i :~-z||=- (¤ ~¤in|
l¤l-¤n- ¡º +i ~-z||=l-+ v|l·|+|·i +i ~-=¸-i +i z|-|-=|·
+ ~-=·º| n ~¤ini¤ v|l·|+|·i/=ni-|| v|l·|+|·i + ª¤ n +|¤
+·- t- l+¤| ª¤| ·||
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =fnfa ¤t =t¤ªr
¡. >i +.~|·. +|n- ~·¤-| (¤ v¤·| l-<z|+
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
:. >i ~-·|ª ¤- ª· +|¤¤|n+ l-<z|+
:·||·- =·+|· + -|ln-i|
l¤-|i¤ ¤·| .º¡¡¡. + <| ·|- =lnl- +i + ¤n (+ ¤ a+ l<-| + .º.¡...º¡¡
+| t: l¤=n =·|i =<ª¤| - ·||ª ln¤|
s.++ ¤tnr =¤¤a sun =fnfa
¤+ ,|·| ¤in| +|·|¤|· n ·||¤i +|·¤|: t- ¤+ + n÷n +| =ª-l-
<- ~|· l-º|¤ +·- + ln( := =lnl- +| ªa- l+¤| ª¤| t
s+.s.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ·|+z| =ai +|¤¤|n+ l-<z|+
:=lnl- + ~·¤-||
.. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
ª. >i (n.(. ~-n ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·| l-¤+-|
107
Details of Meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during the tenure attended
1. Sh. Rakesh Sethi 5 5
2. Smt. Usha Ananthasubramanian 2 2
3. Sh. M. V. Tanksale* 2 2
4. Sh. G. R. Sundaravadivel** 5 5
5. Sh. Mushtaq A. Antulay 4 4
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 27.12.2011
3.15Steering Committee for Vision 2013
The Committee reviews the progress in implementation of
Vision 2013 document and also deliberates upon the
requirements as warranted in the aspects of plan.
Composition as on 31.3.2012:
1. Sh. Rakesh Sethi - Executive Director
(Chairman of the Committee)
2. Smt. Usha - Executive Director
Ananthasubramanian
3. Sh. Pradeep Kumar - Non-Executive Director
(Officers Nominee Director)
4. Sh. M. P. Singh - Non-Executive Director
(Workmen Nominee Director)
5. Sh. M. N. Gopinath - Non-Executive Director
(Shareholder Director)
6. Dr. Sunil Gupta - Non-Executive Director
(Shareholder Director)
Details of Meetings attended by member-Directors during the
Financial Year 2011-12
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. M. V. Tanksale* 1 1
2. Sh. Rakesh Sethi 4 4
3. Sh. Usha Ananthasubramanian 3 3
4. Sh. G. R. Sundaravadivel ** 3 3
5. Sh. Pradeep Kumar 4 4
6. Sh. M. P. Singh 4 3
7. Sh. M. N. Gopinath*** N. A. N. A.
8. Dr. Sunil Gupta *** N. A. N. A.
*Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 27.12.2011.
*** Elected Shareholder Director w.e.f. 21.03.2012.
3.16 Share Transfer Committee
The Committee has been constituted as per provisions of
Punjab National Bank (Shares & Meetings) Regulations, 2000.
The Committee monitors and approves transfers of physical
shares, issuance of duplicate share certificates/new certificates,
transmission of shares, rematerialisation of shares etc.
f¤-at¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤-fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt.
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤ n s¤ftºra rq
1. >i ·|+z| =ai 5 5
2. >in-i -·|| ~--=¤ nº¤- 2 2
3. >i (n.¤i. º|+=|n* 2 2
4. >i ¤i.~|· =-<·¤|÷i¤n** 5 5
5. >i nz-|+ (. ~--n 4 4
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ ..¡..¡¡ = l-<z|+ -ti t
s.+s f¤¬ª zo+s ¤t tºtftn =fnfa
¤t =lnl- l¤¤- .º¡ª + +|¤|-¤¤- n t: vªl- +i =ni-|| +·-i
t -·|| -n|- + l¤l·|-- ¤tn~| n ¤·||¤l-|- ~|¤z¤+-|~| ¤·
l¤-|·l¤nz| ·|i +·-i t
s+.os.zo++ ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ·|+z| =ai +|¤¤|n+ l-<z|+
:=lnl- + ~·¤-||
.. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
ª. >i v<i¤ +n|· ª· +|¤¤|n+ l-<z|+
:~l·|+|·i -|ln-i l-<z|+|
:. >i (n ¤i l=t ª· +|¤¤|n+ l-<z|+
:+n-|·i -|ln-i l-<z|+|
·. (n (- ª|¤i-|·| ª· +|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
·. ÷|. =-in ª--| ª· +|¤¤|n+ l-<z|+
:z|¤··||·+ l-<z|+|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤ - fªªrr¤r
¤t s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i (n.¤i. º|+=|n* 1 1
2. >i ·|+z| =ai 4 4
3. >in-i -·|| ~--=¤ nº¤- 3 3
4. >i ¤i.~|· =-<·¤|÷i¤n ** 3 3
5. >i v<i¤ +n|· 4 4
6. >i (n.¤i. l=t 4 3
7. >i (n (- ª|¤i-|·|*** n|ª¸ -ti n|ª¸ -ti
8. ÷|. =-in ª--|*** n|ª¸ -ti n|ª¸ -ti
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ ..¡..¡¡ = l-<z|+ -ti t
*** l<-|+ .¡.ºª..º¡. = z|¤··||·+ l-<z|+ -- ª¤ t
s.+e rr¤t =at¢r =fnfa
¤¤|¤ -z|-n ¤+ :z|¤· (¤ ¤a+| l¤l-¤n- .ººº + v|¤·||-| +
~-=|· =lnl- ªla- +i ª: t
=lnl- z|¤·| + ~-·º| ÷-ni+º -( z|¤·vn|º|¤·| ¤|·i +·- -·||
z|¤·| + =v·|º| ~|· --t ¤-· n¸- ª¤ n ¤|·i +·- = ¤÷ n|nn|
+i l-ª·|-i (¤ ~-n|<- +·-i t
108
Composition as on 31.3.2012
1. Sh. Rakesh Sethi - Executive Director
(Chairman of the Committee)
2. Smt. Usha - Executive Director
Ananthasubramanian
3. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
Details of meetings attended by Member-Directors during the
Financial Year 2011-12.
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. Rakesh Sethi 24 23
2. Smt. Usha Ananthasubramaninan 17 17
3. Sh. M. V. Tanksale* 6 5
4. Sh. B. B. Chaudhry 6 6
5. Sh. T.N. Chaturvedi** 18 11
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director of
Central Bank of India.
** Ceased to be Director w.e.f. 27.12.2011.
3.17Shareholders'/Investors' Grievance Committee
The Committee looks into the redressal of shareholders'
grievances.
Composition as on 31.3.2012 :
1. Sh. B. B. Chaudhry - Non-Executive Director
(GoI appointed CA category)
(Chairman of the Committee)
2. Sh. Rakesh Sethi - Executive Director
3. Smt. Usha - Executive Director
Ananthasubramanian
Details of meetings attended by member-Directors during the
Financial Year 2011-12.
Sl. Name of Director No. of meetings No. of meetings
No. held during tenure attended
1. Sh. B. B. Chaudhry 1 1
2. Sh. M. V. Tanksale* 2 2
3. Sh. Rakesh Sethi 6 6
4. Smt. Usha Ananthasubramanian 4 4
5. Sh. T.N. Chaturvedi** 5 2
* Demitted office on 28.06.2011 on elevation as Chairman & Managing Director
of Central Bank of India.
** Ceased to be Director w.e.f. 27.12.2011.
Shri A. Gopinathan, Company Secretary, has been appointed as the
Compliance Officer in terms of Clause 47 of the Listing Agreement.
Out of 421 complaints received from the shareholders during the
financial year, 420 were redressed and only one complaint was
outstanding as on 31.3.2012, (since disposed of).
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ·|+z| =ai +|¤¤|n+ l-<z|+
:=lnl- + ~·¤-||
.. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
ª. >i ¤i.¤i. -|·|·i ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·| =-<i
nº||+|· >º|i n -|ln-i|
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤ fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i ·|+z| =ai 24 23
2. >in-i -·|| ~--=¤ nº¤- 17 17
3. >i (n.¤i. º|+=|n* 6 5
4. >i ¤i.¤i. -| ·|·i 6 6
5. >i ºi (- --¤ <i** 18 11
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ ..¡..¡¡ = l-<z|+ -ti t
s.+z rr¤tªrrt¤.fª¤rr¤ frr¤r¤a =fnfa
=lnl- z|¤··||·+| +i lz|+|¤- +| l-¤º|- +·-i t
s+.os.zo+z ¤t ftºrfa ¤ =ª=rt =t¤ªr
¡. >i ¤i ¤i -|·|·i ª·+|¤¤|n+ l-<z|+
:·||·- =·+|· ,|·|
=-<i nº||+|· >º|i n l-¤+-|
:=lnl- + ~·¤-||
.. >i ·|+z| =ai +|¤¤|n+ l-<z|+
ª. >in-i -·|| +|¤¤|n+ l-<z|+
~--=¤nº¤-
f¤-rt¤ ¤rr zo++-+z ¤ ªrtrª =r¤rf¬a ¤a¤r n =ªt¤-fªªrr¤r ¤t
s¤ftºrfa ¤ ª¤rt
a. fªªrr¤ ¤r ªrn ¤r¤¤r¬ ¤ ªrtrª f¬aªt ¤a¤r
=. =r¤rf¬a ¤a¤r ¤t ==¤r n s¤ftºra rq
1. >i ¤i ¤i -| ·|·i 1 1
2. >i (n.¤i. º|+=|n* 2 2
3. >i ·|+z| =ai 6 6
4. >in-i -·|| ~--=¤ nº¤- : :
5. >i ºi.(-. --¤<i** 5 2
* =ºn ¤+ ~|¤· :l÷¤| + ~·¤-| (¤ v¤-·| l-<z|+ + ª¤ n ¤<|--- l+¤ ¤|- ¤·
.º.º·..º¡¡ +| ¤< ·¤|ª l+¤|
** l<-|+ ..¡..¡¡ = l-<z|+ -ti t
>i ( ª|¤i-|·|- +¤-i =l-¤ +| =¸-i+·º| +·|· + º|º÷ : + ~-=·º|
n ~-¤|n-| ~l·|+|·i + ª¤ n l-¤+- l+¤| t
¤+ +| l¤·-i¤ ¤·| + <|·|- z|¤··||·+| = :.¡ lz|+|¤- v|-- t: --n =
:.º +| l-¤º|- l+¤| ¤| -+| ·|| ~|· ª¡.ºª..º¡. +i lª·|l- ~-=|·
+¤n (+ lz|+|¤- nl-¤- ·|i :l¤=+| l-¤º|- l+¤| ¤| -+| t|
109
4. Compliance of Mandatory/Non Mandatory requirements
The Bank has complied with the mandatory requirements of
Clause 49 of Listing Agreement. In respect of non-mandatory
requirements of the said clause, the Bank has not adopted the
same. The status of its implementation is as under :
Sr. Non Mandatory requirements Status of implementation
No.
1 The Board - A non-executive Chairman may
be entitled to maintain a Chairman's office
at the company's expense
Not Applicable, since the
Chairman's position is Executive.
2 Remuneration Committee - Board may set
up a Remuneration Committee to determine
company's policy on specific remuneration
packages for executive directors including
pension rights and any compensation
payment.
Remuneration Committee decides
the entitlement of Performance
Linked Incentive in terms of
guidelines issued by the Central
Government. However, Executive
Directors draw salary as fixed by
the Government of India.
3 Shareholders' Rights - A half-yearly
declaration of financial performance
including summary of the significant events
in last six-months, may be sent to
shareholders.
The quarterly / year to date /
Annual Financial Results are sent
to NSE & BSE & published in
newspapers and placed on Bank's
website including highlights. As
such, information to Shareholders
is not sent individually.
4 Audit Qualifications - Bank may move
towards a regime of unqualified financial
statements.
The Bank' s Annual Financial
Statements are unqualified.
Significant Accounting Policies
and Notes to Accounts are
contained in schedules, which are
explanatory in nature.
5 Training of Board Members - Bank may
train Board members in the business model
of the company as well as the risk profile of
the business parameters of the company, the
responsibilities as directors, and the best
ways to discharge them.
The Executive / Non-executive
Directors are appointed by
Government of India / elected in
General Meeting having specific
qualifications under the specific
provisions of Banking Companies
(A&TU) Act, 1970. As such, this
suffice the matter.
6 Mechanism for evaluating Non-Executive
Board Members - The performance
evaluation of non-executive directors could
be done by a peer group comprising the
entire Board of Directors, excluding the
director being evaluated; and Peer Group
evaluation could be the mechanism to
determine whether to extend / continue the
terms of appointment of non-executive
directors
A Nomination Committee has
been constituted in terms of
Reserve Bank of India Guidelines
and the elected directors under
clause 9(3)(i) of The Banking
Companies (Acquisition &
Transfer of Undertakings) Act,
1970 are subject to determination
of "fit & proper" status. Further
other Non-Executive directors are
appointed by GoI, as per statutory
provisions.
7 Whistle Blower Policy - The Bank may
establish a mechanism for employees to
report to the management concerns about
unethical behaviour, actual or suspected
fraud or violation of the company's code of
conduct or ethics policy. This mechanism
could also provide for adequate safeguards
against victimization of employees who avail
of the mechanism and also provide for direct
access to the Chairman of the Audit
committee in exceptional cases. Once
established, the existence of the mechanism
may be appropriately communicated within
the organization.
The Bank has implemented the
Whistle Blower Policy.
+. =fª¤r¤.nt-=fª¤r¤ =¤+rr=r ¤r =ª¤r¬ª
¤ + - =¸ -i+·º| +·|· +i º| ÷ :º +i ~l-¤|¤ ~¤ -||~| +|
~- ¤|n- l+¤| t -+- º| ÷ +i ª ·~l-¤|¤ ~¤ -||~| +| ¤ +
- ª¤i+|· -ti l+¤| t :-+ +|¤| -¤¤- +i lª·|l- l---|- =|·
t ·
a. nt =fª¤r¤ =¤+rrq ¤r¤r-¤¤ª ¤t ftºrfa
=.
1
fªªrr¤ nz¬ ª · +|¤ ¤|n+ ~·¤-| +|
+-¤-i + º|- ¤· ~·¤-| +| +|¤| n¤ =-·||n-
+| t+ t
n|ª¸ -ti +¤|l+ ~·¤-| +|¤ ¤|n+
t
2 ¤rftvfn¤ =fnfa ¤| ÷ ,|·| ¤|l·>ln+ =lnl-
ªla- +i ¤|( ¤| +|¤ ¤|n+ l-<z|+| + ln(
l¤lz|·º ¤|l·>ln+ ¤ +¤ - ¤|· +· l¤-n ¤z|-
~l·|+|· -·|| vl-¤¸·+ ·|ª-|- ·|i z||lnn t|
¤|l·>ln+ =lnl- +-: =·+|· ,|·|
¤|·i l<z||l-<z||-=|· l-·¤|<- = ¤÷
v|·=|t- ¤· l-º|¤ n-i t -·||l¤
+|¤ ¤|n+ l-<z|+| +| ·||·- =·+|·
,|·| l-lz-- l+¤| ª¤| ¤ -- lnn-|
t
3
rr¤tªrrt¤r ¤ =fªr¤rt z|¤··||·+| +|
l¤·-i¤ ¤l·º||n| + ~z¤|l·|+ ¤l·º||n| -·||
ª- ¤t n|t +i nt·¤¤¸º| ÷º-|~| +| =|·|z|
vl·|- l+¤| ¤|(
l-n|ti/¤·| n -= l-l·| -+/¤|l·| +
l·¤|º (-(==i ~| · ¤i(==i +|
·|¤i/=n|-|· ¤·|| n v+|lz|- l+¤
¤|- t -·|| vnº| l¤z|·|-|~| =lt-
¤ + +i ¤ ¤=|:º ¤· v<lz| - l+¤
¤|- t ~-· z|¤··||·+| +| ~nª
= =¸--| -ti ·|¤i ¤|-i t
4
¬=rr¤tt+rr =¤ªrt =rarq ¤ + l¤-| ~t -|
l¤·-i¤ l¤¤·º|| +i l<z|| n ¤| =+-| t
¤ + + ¤|l·| + l¤·-i¤ l¤¤·º| l¤-|
~t -| t nt·¤¤¸ º| n º|| +- ¡:
~-=¸l-¤| n l-lt- t -il-¤| -·||
n º|| º||-| = = ¤ l·|- lº-¤lº|¤|
·¤|º¤|·n+ v.l- +i t
5
fªªrr¤ nz¬ ¤ =ªt¤r ¤r ¤frr+r¢r ¤ +
~¤- ¤|÷ + =<ª¤| +| +-¤-i + +|·|¤|·
n|÷n -·|| +|·|¤|· + ¤·|niº·| + ¤|lº|n
v|¤·|:n n l-<z|+| + <|l¤·¤| -·|| --+|
l-¤|t +·- + =¤|·-n -·i+ + =¤·| n
vlz|l-|- +· =+-| t
+|¤ ¤|n+/ª ·+|¤ ¤|n+ l-< z|+| +i
l-¤l+- ·||·- =·+|·/~|n ¤ a+ ,|·|
¤l+ª +-¤-i :~¤- -·|| ~-·º||
~l·|l-¤n ¡ºº + l¤lz|·º v|¤·||-|
+ ~-ª- l¤z|·| ¤|·¤-|~| + ~|·||·
¤· +i ¤|-i t ¤| := =¤·| n
¤¤|-- t
6
nt ¤r¤¤r¬¤ fªªrr¤ =ªt¤r ¤ n¸r¤r¤ª
¤t ¤qfa ª · +|¤ ¤|n+ l-<z|+| + +|¤
+| n¸-¤|+- ~-¤ l-<z|+| + =n¸t ,|·| l+¤|
¤|(ª| l¤=n ¤¸·| l-<z|+ n÷n t|ª| ¤·-
l¤= l-<z|+ + +|¤ +| n¸-¤|+- t| ·t| t
-= z||lnn -ti l+¤| ¤|(ª| ~| · := v+|·
~¤- =n+-| ·¤l+-¤| ,|·| l+( ª( n¸-¤|+-
= ti ¤t -¤ l+¤| ¤|(ª| l+ ª ·+|¤ ¤|n+
l-<z|+| +i l-¤l+- +| +|¤ +|n ¤·|¤|/¤|·i
·º|| ¤|( ~·|¤| -ti
·||·-i¤ l·¤¤ ¤+ + l<z||l-<z||
+ ~-=|· (+ -|n|+- =lnl- +|
ªa- l+¤| ª¤| t -·|| ¤ l+ ª +-¤-i
:-¤+n| +| ~¤- -·|| ~-·º||
~l·|l-¤n ¡ºº + º| ÷ º:ª|:¤|
+ ~·|i- -¤l-- l-< z|+| +i
''¤| ·¤-| -·|| -¤¤ +--|'' +| l-·|| ·º|
l+¤| ¤|-| t := + ~l-l·+-
ª ·+|¤ ¤|n+ l-<z|+| +i l-¤l+-
·||·- =·+|· ,|·| =¤ ·||l-+ v|¤·||-|
+ ~·|i- +i ¤|-i t
7
f¤=¬ ª¬r=t ªtfa ¤+ ~¤- +n-|l·¤|
+ ln( (=i ·¤¤ª·|| +· =+-| t l¤=+
~-ª - ¤ ~- l-+ ~|-·º| ¤|ª-l¤+ ~·|¤|
= l<··| ·|| º||·|÷ i ~·|¤| +-¤-i +i ~|-|· = lt-|
~·|¤| -l-+-| -il- + --n÷- + =¤·| n
~¤-i l---|( v¤·|- +| ¤-| =+- t :=
·¤¤ª·|| n -- +n-|l·¤| +| =-|( ¤|- =
¤-|¤ + ¤¤| -- ·¤¤ª·|| ·|i t| =+-i t ¤| :=
·¤¤ª·|| +| =t|·| n - t -·|| ~=|·||·º|
¤l·lª·|l-¤| n =i·| ~·¤-| = =-¤+ +·- +i
·¤¤ª·|| ·|i t| =+-i t (+ ¤|· ª·||l¤- t|
¤|- + ¤|< =ª·|| + ·|i-· := ·¤¤ª·|| +i
=nl-- ¤|-+|·i <i ¤| =+-i t
¤ + - l¤=n ·n|~· -il- n|ª¸ +i
t
110
5. General Body Meetings
The details of last three Annual General Meetings of
shareholders are as follows:
Annual Day & Date Time Venue
General
Meeting
Eighth Wednesday, 11.30 a.m. FICCI Auditorium, Tansen
July 29, 2009 Marg, New Delhi - 110001
Ninth Wednesday, 10.30 a.m. FICCI Auditorium, Tansen
July 21, 2010 Marg, New Delhi - 110001
Tenth Monday, 10.00 a.m. PNB Auditorium, Central Staff
June 27, 2011 College, 8, Underhill Road, Civil
Lines, Delhi -110054
No special resolutions were put through in the above said Annual General Meetings.
Postal Ballot - Bank has not conducted any postal ballot during
the financial year.
6. Disclosures
6.1 The remuneration of the Chairman & Managing Director and
the Executive Directors is fixed by the Government of India.
The Bank does not pay remuneration to the Non-Executive
Directors except sitting fees fixed by Government of India,
for attending the meetings of the Board or its sub-committees,
which is as under:-
Meeting Sitting Fees payable per Meeting (`)
Board 5000/-
Sub-Committee of Board 2500/-
6.2 The Related Party Transactions of the Bank as per RBI /ICAI
guidelines are disclosed in the Notes on Accounts (in Schedule
18) of the Balance Sheet as on 31.3.2012.
6.3 No penalties/strictures were imposed on the Bank by SEBI/
Stock Exchanges in respect of matters related to Capital Market
during the last three years.
7. Means of Communication
The information about the operations and financial performance
of the Bank is disseminated on a regular basis by communicating
to the Stock Exchanges (NSE & BSE) besides through newspapers
and website of the Bank (www.pnbindia.in). Further the Financial
Results, Corporate Advertisements, Notices etc. were published
mainly in the following newspapers:
English Newspapers Hindi Newspapers
Times of India Navbharat Times
Hindustan Times Hindustan
Mint Amar Ujala
Business Standard Dainik Jagran
Financial Express Business Standard
Economic Times Dainik Bhaskar
The Hindu Punjab Kesari
The Hindu Business Line Rajasthan Patrika
Indian Express Jansatta
Pioneer Tribune
The Tribune Other Regional News Papers
Asian Age -
Telegraph -
s. =rn ¤a¤
z|¤··||·+| +i l¤¤ni -i- ¤|l·|+ ~|n ¤a+| + l¤¤·º| := v+|·
t ·
¤rfrr¤ fªª q¤ fªªr¤ =n¤ tºrrª
=rn
¤ a¤
~|a¤i ¤·|¤|· ¡¡.ªº ¤¸¤| r l¤·++i ~|l÷º|l·¤n
.º ¤n|: .ººº -|-=- n|ª -: l<-ni¡¡º ºº¡
-¤i ¤·|¤|· ¡º.ªº ¤¸¤| r l¤·++i ~|l÷º|l·¤n
.¡ ¤n|: .º¡º -|-=- n|ª -: l<-ni¡¡º ºº¡
<=¤i =|n¤|· ¡º.ºº ¤¸¤|r ¤i(-¤i ~|l÷º|l·¤n +-:i¤
. ¤¸- .º¡¡ ªº|¤· +|n¤ º ~÷·ltn ·|÷
l=l¤n n|: -= l<-ni¡¡º º·:
-+- ¤|l·|+ ~|n ¤a+| n +|: l¤z|·| =+-¤ vª-- -ti l+( ª(
zr¤ = narfªr¤rt ¤r ¤¤rn (¤rtº¬ ¤¬º¸ ¤+ - l¤-|i¤ ¤·| +
<|·|- ÷|+ ,|·| n-|l·|+|· +| v¤|ª -ti +·¤|¤| t
e. ¤¤ºt¤t¢r
·.¡ ~·¤-| (¤ v¤·| l-<z|+ -·|| +|¤¤|n+ l-<z|+ + ¤|l·>ln+ +|
l-·||·º| ·||·- =·+|· ,|·| l+¤| ¤|-| t ¤+ ª· +|¤¤|n+ l-<z|+|
+| ¤|÷ ~·|¤| -¤=lnl-¤| +i ¤a+| n ·||ª n- + ln( ·||·-
=·+|· ,|·| l-·||l·- z|-+ + ~n|¤| +|: ~-¤ ¤|l·>ln+ -ti <-|
-+- z|-+ l---lnlº|- t ·
¤a¤ ¤-¤¤ ¤a¤ n +rrn ¬ª ¤ f¬¤ ª¤ rrr¤ (`)
¤|÷ 5000/-
¤|÷ +i -¤ =lnl- 2500/-
·.. ·||·-i¤ l·¤¤ ¤+/~|:=i(~|: + l<z|| l-<z|| + ~-=·º| n ¤+ +
=-¤z ¤|ºi n-<- ª¡.ª..º¡. +i lª·|l- ~-=|· -n-¤·| + º||-|
+ -|º= :~-=¸-i ¡º| n <z||( ª¤ t
·.ª l¤ª- ª ¤·|| + <|·|- ¤¸¤i ¤|¤|· = =¤l·|- n|nn| + =¤·| n
=¤i/ªº|+ (+=-¤| ,|·| ¤+ ¤· +|: <º÷/·|·=-| -ti nª|( ª( t
z. =¤rt nrª¤n
¤ + + +|¤| (¤ l¤-|i¤ +|¤ l-·¤|<- +i ¤|-+|·i l-¤ln-
~|·||· ¤· ªº| + (+=- ¤|
-(=: -·|| ¤i(=: | +| < - +=|·|=|·| =n|-|· ¤·|| -·|| ¤ + +i ¤ ¤=|:º :www.pnbindia.in|
+ n|·¤n = <i ¤|-i t :=+ ~l-l·+- n º¤-· l---lnlº|-
=n|-|· ¤·|| n l¤-i¤ ¤l·º||n +| ·¤| · º l¤a|¤- =¸ --|( :·¤|l<
v+|lz|- +·|: ª: ·
=n¬t =nr¤rt ¤·r fr-ªt =nr¤rt ¤·r
º|:-= ~|¤· :l÷¤| -¤·||·- º|:-=
lt<ª-|- º|:-= lt<ª-|- lt-<i
lnº ~n· -¤|n|
l¤¤-= ªº-÷÷ <l-+ ¤|ª·º|
¤·|:-lz|¤n (+=v= l¤¤-= ªº-÷÷
:+-|ln+ º|:-= <l-+ ¤|ª·º|
l< lt-< ¤¤|¤ +=·i
l< lt< l¤¤-= n|:- ·|¤ª·||- ¤l·|+|
:l÷¤- (+=v= ¤-=-||
¤|¤|l-¤· lº·¤¸-
l< lº·¤¸- ~-¤ -|·|i¤ =n|-|· ¤·|
(lz|¤- (¤
ºniª|¤·
111
The presentations made to institutional investors/analysts are placed
on the website of the Bank (www.pnbindia.in).
The Annual Report is also put on the Bank's website as a measure
of good Corporate Governance.
8. General Shareholders' Information
8.1 11th Annual General Meeting of the shareholders of the
Bank:
The following is the schedule of meeting:
Day & Date : Tuesday, 26th June 2012
Time : 10.00 a.m.
Venue : PNB Auditorium, Central Staff
College, 8, Underhill Road,
Civil Lines, Delhi - 110 054
8.2 Financial Calendar (Tentative)
Approval of financial results for the quarter/period ending -
Q.E. June 30, 2012 - By August 14, 2012.
Q.E. September 30, 2012 - By November 14, 2012
Q. E. December 31, 2012 - By February 14, 2013
Q./Year ended March 31, 2013 - Audited Accounts
By May 30, 2013
8.3 Dates of Book Closure for Dividend-F.Y. 2011-12 & 11th
AGM From 16.06.2012 to 26.06.2012 (both days inclusive)
8.4 Dividend details - Financial Year 2011-12
Dividend: The Board of Directors of the Bank in its meeting
held on 09.05.2012 recommended Dividend of `22/- (i.e.
220%) per Equity Share of `10/- each for the F.Y. 2011-12,
for which 16.06.2012 to 26.06.2012 (both days inclusive)
has been fixed as Book Closure Dates for determining the
entitlement of Shareholders / Beneficial owners to receive the
said Annual Dividend, which will be paid within 30 days of
declaration in the AGM.
8.5 (i) Listing on Stock Exchanges:
The shares of the bank are listed on the following Stock Exchanges:
Stock Exchange Stock Code Date of Initial Listing
National Stock Exchange PNB 24.4.2002
of India Ltd. (NSE)
Bombay Stock Exchange Ltd. (BSE) 532461 25.4.2002
(ii) Payment of Listing Fee and Custodian charges
The annual listing fee to NSE & BSE and annual custody charges to
NSDL & CDSL have since been paid upto date.
=ª·||ª- l-¤z|+|/l¤zn·|+| + =n-| l+¤ ª¤ vª--i+·º| :v¤-ºz|-|
~|l< ¤+ +i ¤¤=|:º ¤· l<¤ ¤|- t :www.pnbindia.in|
~-¤ l-ªln- z||=- + ~-ª¤ ¤|l·|+ l·¤|º ¤+ +i ¤¤=|:º ¤· ·|i <i
¤|-i t
s. =rn rr¤tªrrt¤r ¤ f¬q =¸¤ªr
s.+ ¤¤ ¤ rr¤tªrrt¤r ¤t ++¤t ¤rfrr¤ =rn ¤a¤ .
¤a+ +| +|¤+n := v+|· t ·
l<- ¤ l-l·| · nªn¤|· .· ¤¸- .º¡.
=n¤ · ¤¸¤|r ¡º.ºº ¤¤
ª·||- · ¤i(-¤i ~|l÷º|l·¤n +-:i¤ ªº|¤· +|n¤
º ~÷·ltn ·|÷ l=l¤n n|:=
l<-ni¡¡ºº·:
s.z f¤-rt¤ ¤¬¢zt (=r+rrf¤a¸
l---|l+- =n|-- ~¤l·|/l-n|ti l¤·-i¤ ¤l·º||n| +| ~-n|<-
¤¸- ªº .º¡. +| =n|-- l-n|ti ~ªª- ¡: .º¡. -+
l=--¤· ªº .º¡. +| =n|-- l-n|ti -¤-¤· ¡: .º¡. -+
l<=-¤· ª¡ .º¡. +| =n|-- l-n|ti ¤··¤·i ¡: .º¡ª -+
n|- ª¡ .º¡ª +| =n|-- l-n|ti/¤·| nº||¤·il-|- nº|
ªº n: .º¡ª -+
s.s ¤rt =rra ¤ ª ¤tª ¤t fafºr :¤|l·| + n|·|| z| l¤-| ¤·| .º¡¡¡. ¤
¡¡¤i ~|n ¤ a+| ¡·.º·..º¡. = .·.º·..º¡. -+ :<| -| l<- z||lnn|
s.+ ¬r+rrrr ¤r ª¤rtr - f¤-rt¤ ¤rr zo++-+z ¤ f¬q
¬r+rr rr. ¤ + + l-< z|+ nº÷n - ~¤-i l<-| + º.·..º¡. +|
~|¤| l¤- ¤ a+ n l¤- ¤·| .º¡¡¡. + ln¤ ..º% +i <· =
` ¡º/ + v·¤ + :l+¤ºi z| ¤· ¤· ` ../ vl- z| ¤· ~ l-n n| ·||z|
+i ·|| ·|º|| +i t z| ¤··||·+| /n|·|ª |lt¤| +i n|·|| z| +i ¤|·|-| +
l-z-¤ + ln¤ ¤ti º||- ¤ < +·- +i -|·iº| ¡·.º·..º¡. =
.·.º·..º¡. -+ :<| -| l<- z||lnn| l-·|| l·- +i ª¤i t l¤=+|
·| ª-|- ~|n ¤ a+ n -=+i ·|| ·|º|| + ªº l<-| + ·|i-· +·
l<¤| ¤|(ª|
s.s i¸ tºr¤ q¤=¤¬r ¤t =¸¤t¤t¢r .
¤+ + z|¤· l---lnlº|- ªº|+ (+=-¤| n =¸-i¤z t ·
tºr¤ q¤=¤¬ tºr¤ ¤rz =¸¤t¤t¢r ¤t =rtfr+r¤ fafºr
-z|-n ªº|+ (+=-¤ ¤i(-¤i .:.:..ºº.
~|¤· :l÷¤| ln.
-(=:|n-¤: ªº|+ (+=-¤ lnlnº÷ :¤i(=:| ·ª.:·¡ .·.:..ºº.
ii¸ =¸¤t¤t¢r rrr¤ aºrr =f+rt+rr rrr¤ ¤r +rnarª
(-(=: -·|| ¤i(=: +| ¤|l·|+ =¸-i+·º| z|-+ -·|| (-(=÷i(n ~|·
=i÷i(=(n +| ¤|l·|+ ~l·|·-|| z|-+ ~¤-- ~<| t
112
s.e ¤¤ ¤ rr¤tr ¤ ¤r¬rt n¸r¤ (`¸ =r¤z.¤r¤ fªr¤rªª*
qªq=; ¤tq=; =¤¤a
nr·rr
nrr s-¤ -¤¸ª nr·rr s-¤ -¤¸ª nr·rr
~v n .º¡¡ 1235.00 1173.00 4343412 1234.00 1175.00 430083 4773495
n: 1185.00 1007.00 6532551 1188.00 1009.00 731170 7263721
¤¸- 1108.25 1034.00 3734448 1109.00 1030.00 543039 4277487
¤n|: 1202.00 1082.00 4840642 1200.00 1082.40 476717 5317359
~ªª- 1144.85 900.60 7201583 1143.90 900.35 687409 7888992
l=--¤· 1013.00 895.00 7297011 1013.40 897.45 861366 8158377
~+º¸¤· 1007.90 871.00 5705050 1009.45 872.00 599875 6304925
-¤-¤· 1031.00 845.00 10998119 1029.40 846.00 1543341 12541460
l<=-¤· 944.00 752.80 7640973 944.00 751.10 954691 8595664
¤-¤·i .º¡. 1017.00 756.55 9218089 1014.40 756.70 1358556 10576645
¤··¤·i 1091.05 888.20 10870276 1091.00 889.00 1333250 12203526
n|- 1035.00 898.45 8643369 1035.00 890.10 1071127 9714496
¤¬ 87025523 10590624 97616147
* = |- (-(=: /¤i(=: ¤ ¤=|:º :www.nsecindia.com/www.bseindia.com|
¤·| + <|·|- z|¤· +| n¸-¤ ` ·¡.¡º -·|| ` ¡.ª·.ºº vl- z|¤· + ¤i-
·t| -·|| (-(=: ~|· ¤i(=: n +|·|¤|· +i +n n|·|| º.· +·|÷ z|¤· ·ti
¤¤l+ +n|lºª ªº|+ ¡:.ºº +·|÷ z|¤· ·t|
s.z ¤¤ fª¤ºt ¤t a¬ªr n ¤¤ ¤ rr¤t n¸r¤ ¤r ¤r¤fªr¤rªª
¤i(-¤i +| z|¤· ¤+ l-+ºi +| (+ ·||ª t -·|| :=+| l-·¤|<- l---
~-=|· ·t|
s.s ¤fa rr¤t =r¤zr
(=¤¤ ¸ 2009-10 2010-11 2011-12
~l+- n¸-¤ (`) 10/- 10/- 10/-
ª¡ n|- +i lª·|l- ~-=|· ¤|¤|· n -z- (-(=
`) 1012.75 1212.70 925.00~|¤ (`) 123.86 140.60 154.02
n|·||z| :` ¡º + v·¤+ :l+¤ºi z|¤· ¤·| 22.00 22.00 22.00
n|·||z| (%) (220.00) (220.00) (220.00)
¤ti n¸ -¤ (`) 514.77 661.20 777.42
v<-| n|·||z| :z|z n|·| +| %| 17.76 15.72 15.28
s.v tf¬tºrt q¤ =-at¢r q¬º (=rt qz ºtq¸
(n=i(= ln. ¤| l+ =¤i n ¤¤i|- ·l¤ªº|· (¤ ~--·º| (¤ºº t
¤+ + ·l¤ªº|· (¤ ~--·º| (¤ºº t ¤|l+ l-¤z|+| +| l--- ¤- =
=¤|( -¤n··| +·| ·t t·
qn=tq= f¬fnºz :¤¸l-º ¤i(-¤i|
(¤··· ¤tni nl¤n ~|º|n| :÷ªºi¤n (l·¤| ¤·¤ ¡
-: l<-ni¡¡ºº.º
<¸··||·| =. º¡¡:¡:º·¡:º/·¡/·.
¤i (- ¤i :~·|i·º n|:-| º¡¡:¡ºººº:
¤·+= =. º¡¡:¡ºººº¡
¤i (- ¤i :~·|i·º :nn|· [email protected]
:nn · [email protected]
8.6 Market Price (`) Data / Performance of Bank's shares*
NSE BSE COMBINED
VOLUME
Month HIGH LOW VOLUME HIGH LOW VOLUME
April-11 1235.00 1173.00 4343412 1234.00 1175.00 430083 4773495
May 1185.00 1007.00 6532551 1188.00 1009.00 731170 7263721
June 1108.25 1034.00 3734448 1109.00 1030.00 543039 4277487
July 1202.00 1082.00 4840642 1200.00 1082.40 476717 5317359
August 1144.85 900.60 7201583 1143.90 900.35 687409 7888992
September 1013.00 895.00 7297011 1013.40 897.45 861366 8158377
October 1007.90 871.00 5705050 1009.45 872.00 599875 6304925
November 1031.00 845.00 10998119 1029.40 846.00 1543341 12541460
December 944.00 752.80 7640973 944.00 751.10 954691 8595664
Jan.12 1017.00 756.55 9218089 1014.40 756.70 1358556 10576645
February 1091.05 888.20 10870276 1091.00 889.00 1333250 12203526
March 1035.00 898.45 8643369 1035.00 890.10 1071127 9714496
TOTAL 87025523 10590624 97616147
*Source - NSE/BSE website (www.nseindia.com / www.bseindia.com)
During the year, price of the share ranged between `751.10 to
`1235.00 and total volume traded at NSE & BSE was 9.76 crore
shares as against the floating stock of 14.89 crore shares.
8.7 Performance of Bank's share price in comparison with Bank
Nifty.
The share of the Bank is a part of Bank Nifty and has performed
as shown below:
8.8 Per Share Data
2009-10 2010-11 2011-12
Face Value (`) 10/- 10/- 10/-
Market Quotation as on 31st March -NSE(`) 1012.75 1212.70 925.00
Earnings (`) 123.86 140.60 154.02
Dividend (per Equity Share of `10 each) 22.00 22.00 22.00
Dividend (%) (220.00) (220.00) (220.00)
Book Value (`) 514.77 661.20 777.42
Dividend payout (% of Net Profit) 17.76 15.72 15.28
8.9 Registrar & Transfer Agent (R&TA)
MCS Ltd., a SEBI registered Registrar and Share Transfer Agent
is the Share Transfer Agent of the Bank, who is servicing the
investors at the following address:
MCS Limited (Unit: PNB)
F-65, Ist Floor, Okhla Industrial Area Phase I,
New Delhi 110020
Tele. No. 011-41406149/51/52
PNB (Dedicated Line) : 011 - 41709884
Fax: 011-41709881
PNB (Dedicated e-mail) : [email protected]
e-mail : [email protected]
113
s.+o (i¸ n¸a =¤ n rr¤t
n¸ - ª¤ n z| ¤·| + z| ¤··||·+| = ~- ·| ·| t l+ ¤ z| ¤·| +
~--·º| z| ¤·| + v ·|º| ~¤- ¤- n ¤l·¤- - º ni¤·| -/n| ¤|:n
--¤· : n n ~| · ¤ + ~l·|< z| :¤ + +| -|n ¤-| º||-| = .
n|: +· +| ÷ :·¤|l<| ~| · : + l÷º ~l·|< z| :·¤|l< + = ¤ ·| n ¤ +
+ ·l¤ªº |· (¤ ~--·º| (¤ ºº +| =i·| -+- ¤- ¤· =¸ l-- +·
:== =·|i = < z|| /n|·|| +i ai+ (¤ =n¤ ¤· v|l-- = l-lz-- t|
=+ ªi
(ii¸ rr¤t =at¢r ¤¢rr¬t (n¸a =¤ n rr¤t¸
z| ¤· ~ -·º| =lnl- + ~- n| <- + ¤|< ·l¤ªº |· (¤ z| ¤· ~ -·º|
(¤ -º ,|·| l-·|| l·- =n¤ + ·|i-· n¸ - z| ¤· ~--l·- +· l<¤
¤|- t
s.++ ztnº =¤ n rr¤t
:i| ¤+ + z|¤·| +| +|·|¤|· ~l-¤|¤-· ÷inº ª¤ n ~|: (= ~|: (-
+¸º ~|: (- : ¡·º ( º¡º¡: + ~--ª- l+¤| ¤|-| t <i -z|-n
l=+¤¸l·ºi¤ l÷¤|l¤º·i ln.
- (= ÷i (n| -·|| =-ºn l÷¤|l¤º·i=l¤=¤ lnlnº÷ :=i ÷i (= (n| l÷¤|l¤º·i n ¤+ + z|¤· ÷inº
ª¤ n ·º| ª¤ t
:ii| z| ¤··||·+ l¤-+ ¤|= z| ¤· ÷in º ª¤ n t --= ~- ·| ·| t l+ ¤
~¤- ¤- ¤ + ~l·|< z| :¤ + +| -|n ¤-| º||-| = . n|: +·
+| ÷ :·¤|l<| n ¤l·¤- - -·|| : + l÷º ~l·|< z| ~|l< n ¤l·¤- -
+ =-¤ ·| n =i·| ~¤- l÷¤|l¤º·i =t¤| ªi +| =¸ l-- +· :==
=·|i = < z|| /n|·|| +i ai+ (¤ =n¤ ¤· v|l-- = l-lz-- t|
=+ ªi
s.+z ¤tqª¤t - =ªr¤r¶a rr¤t (s¤a¸ =rra . =¤t fªªrrr ¤
=ª=rt =ªr¤r¶a rr¤tr ¤r ª¤rtr fªrªf¬f=ra r .-
q¤·¤t=r (2005) =r;¤t=r (2002) ¤¬
a. f¤¤t¢r rr¤tªrrt¤r rr¤tr rr¤tªrrt¤r rr¤tr rr¤tªrrt¤r rr¤tr
=. ¤t ¤t ¤¬ ¤t ¤t ¤¬ ¤t ¤t ¤¬
==¤r ==¤r ==¤r ==¤r ==¤r ==¤r
1 ¤·| + v|·-·| ~·||-¸ 374 12874 62 7400 436 20274
¡.º:..º¡¡ +| ¤+|¤|
2 ¤·| + <|·|- z|¤· ~-·º| 3 143 2 500 5 643
+ ln( ~|( z|¤··||·+|
+i =º¤|
3 ¤·| + <|·|- z|¤··||·+| 3 143 2 500 5 643
+i =º¤| l¤-+ z|¤·
~-l·- l+( ª(
4 ¤·| + ~- ~·||-¸ ª¡.ºª..º¡. 371 12731 60 6900 431 19631
+| ¤+|¤| :¡ª|
* vn|lº|- l+¤| ¤|-| t l+ :- z|¤·| ¤· ¤|lºª ~l·|+|· -¤ -+ +i¤ ·tª| ¤¤ -+ +i
:- z|¤·| +| ~=ni ª¤|ni <|¤| -ti +·-|
s.+s s+ nr¤ , zo+z ¤t ftºrfa =ª =rt rr ¤tªrrftar aºrr f¤at¢r
¤ ºª
:i| z|¤··||l·-| ¤º-
rr¤tªrrt¤r ¤t v¢rt ªrrfta ;f¤¤ºt rr¤tr ¤t ¤farraar
·||·- + ·|·º¤l- 56.10
(¤·~|:~|:/(-~|·~|:/~|=i¤i 17.40
8.10 (i) Shares in physical form
Shareholders holding shares in physical form may send
communications regarding transfer of shares, transmission of
shares, change of address with Telephone / Mobile Numbers,
E-mail address, change in Bank mandate (Name of Bank,
Address, Account No., MICR Code etc.) and e-Credit mandate
etc. directly to R&TA of the Bank at the above given address.
This will ensure timely receipt of all communications &
beneficial interests by them.
(ii) Share Transfer System (Physical Shares)
The transfer of physical shares is effected by the R&TA within
the stipulated time on approval by Share Transfer Committee
of the Bank.
8.11 Shares in Demat form.
(i) The Bank's shares are traded compulsorily in Demat mode
under ISIN code INE160A01014. The National Securities
Depository Ltd, (NSDL) and the Central Depository Services
Ltd. (CDSL) are the depositories holding the Bank's share in
Demat form.
(ii) Shareholders holding shares in Dematerialized form, in case
of change in address with Telephone / Mobile Numbers, E-
mail address for communications, Bank mandate (Name of
Bank, Address, Account No, MICR Code etc.), e-Credit
mandate etc. are requested to inform directly to their
Depository Participant. This will ensure timely receipt of all
communications & beneficial interests by them.
8.12PNB-Unclaimed Shares (Suspense) A/c: The details of
unclaimed shares as per SEBI directive is as under:-
FPO (2005) IPO (2002) TOTAL
S. Particulars No.of No. of No.of No. of No.of No. of
No. Share- Shares Share- Shares Share- Shares
holders holders holders
1 Opening at the beginning 374 12874 62 7400 436 20274
of the year i.e.01.04.2011
2 Number of shareholders 3 143 2 500 5 643
approached for transfer of
shares during the year
3 Number of shareholders to 3 143 2 500 5 643
whom shares were
transferred during the year
4 Outstanding at the end of 371 12731 60 6900 431 19631
the year i.e. 31.3.2012 (1-3)
* Certified that voting rights on these shares shall remain frozen till the rightful owner
claims the said shares.
8.13Shareholding and Distribution Pattern as on 31st March
2012
(i) Shareholding Pattern
Shareholders' Category %age Equity shares held
President of India 56.10
FIIs/NRIs/OCBs 17.40
114
¤ +/l¤-|i¤ =ª·||(/¤in| +-¤l-¤| 18.63
-¤-~n ¤·º÷ 3.17
·||·-i¤ +-¤l-¤|/ºªº 1.01
·||·-i¤ ¤-=|·||·º|/l-¤|=i¤- 3.69
¬rz 100.00
(ii¸ ª¡.ª..º¡. +i lª·|l- ~-=|· z|¤··||·+| +i =º¤| 196065
(iii¸ v·¤+ :l+¤ºi z|¤· +| =|+l-+ n¸-¤ (`)10/-
(iv¸ f¤at¢r ¤ºª
rr¤tªrrt¤r ¤¬ rr¤t¤rftar ;f¤¤ºt trfrr ¤¬
¤t ¤t rr¤tr (`) ¤t
==¤r ¤farraar ¤t ==¤r ¤farraar
193337 98.61 500 -+ 10141617 101416170 2.99
1744 0.89 501 = 1000 1217986 12179860 0.36
347 0.18 1001 = 2000 496942 4969420 0.15
122 0.06 2001 = 3000 297518 2975180 0.09
50 0.02 3001 = 4000 179919 1799190 0.05
37 0.02 4001 = 5000 169719 1697190 0.05
100 0.05 5001 = 10000 727619 7276190 0.22
137 0.07 10001 = 50000 3026821 30268210 0.89
56 0.03 50001 = 100000 4013894 40138940 1.18
135 0.07 100001 ~| · ~l·|+ 318906648 3189066480 94.02
¤ ¬: 196065 100.00 100.00 339178683 3391786830 100.00
s+.s.zo+z ¤ =ª=rt rr¤tªrrt¤r çrtr n¸a =¤ n aºrr ztnº =¤ n
ªrrfta rr¤tr ¤r f¤¤t¢r .
a. f¤¤t¢r rr¤tªrrt¤r rr¤tr rr¤tªrrftar
=. ¤t ==¤r ¤t ==¤r ¤r ¤farra
1. n¸- ª¤ n 10614 1719113 0.51
2. ÷inº ª¤ n 185451 337459570 99.49
l¤-n =
i) (-(=÷i(n 149556 145178690 42.80
ii) =i÷i(=(n 35895 192280880 56.69
¤ ¬ (1+2) 196065 339178683 100.00
l¤·-i¤ ¤·| + <|·|- ¤+ - ` ¡º/ vl- :l+¤ºi z|¤· + ~l+- n¸-¤ +
` ººª.·º + :z|¸ n¸-¤ <· ¤· ··.·º¡º :l+¤ºi z|¤· ·||·- =·+|· +|
~|· ·||·-i¤ ¤i¤- ¤in| l-ªn +| ¡·º:º·º :l+¤ºi z|¤· ~l·|n|-
~|¤ º- ~|·||· + ª¤ n ¤|·i l+( l¤=+ ¤·nª¤ª¤ ¤ + +|
` ..::ºº·º:ºº.º: +i ·|lz| v|-- t:
s.++ s+.os.zo+z ¤t ftºrfa =ª=rt +rrnrf¬¤ =rªrrt ¤t rr¤tªrrt¤r
¤t ftºrfa
;¬ ¤º r fª¤ n¸ a =¤ n ¤ ¬
rrrt ¤r ªrn rr¤tªrrt¤ ¤farra rr¤t ¤farra rr¤tªrrt¤ ¤farra rr¤t ¤farra rr¤tªrrt¤ ¤farra rr¤t ¤farra
~tn<|¤|< 7969 4.30 439895 0.13 63 0.59 7100 0.41 8032 4.10 446995 0.13
¤ªn|· 8732 4.71 464651 0.14 241 2.27 40753 2.37 8973 4.58 505404 0.15
---: 6582 3.55 594098 0.18 468 4.41 82423 4.79 7050 3.60 676521 0.20
l<-ni 20840 11.24 191831346 56.85 1036 9.76 152880 8.89 21876 11.16 191984226 56.60
t <·|¤|< 4187 2.26 223473 0.07 198 1.87 34615 2.01 4385 2.24 258088 0.08
+| n+-|| 6140 3.31 445605 0.13 331 3.12 60551 3.52 6471 3.30 506156 0.15
n-¤: 26738 14.42 137476348 40.74 497 4.68 80755 4.70 27235 13.89 137557103 40.56
(-=i~|· 7222 3.89 458008 0.14 298 2.81 44582 2.59 7520 3.84 502590 0.15
~-¤ 97041 52.33 5526146 1.64 7482 70.5 1215454 70.7 104523 53.31 6741600 1.99
¤ ¬ 185451 100 337459570 100 10614 100 1719113 100 196065 100 339178683 100
Banks/Financial Institutions/Insurance Companies 18.63
Mutual Funds 3.17
Domestic Companies/Trusts 1.01
Indian Public/Resident Individuals 3.69
Total 100.00
(ii) No. of shareholders as on 31.3.2012 196065
(iii) Nominal value of each Equity Share (`)10/-
iv) Distribution Pattern
No. of % age Shareholding No. of Amount % age
Share- of equity (`) to
holders Total Shares Total
193337 98.61 Upto 500 10141617 101416170 2.99
1744 0.89 501 to 1000 1217986 12179860 0.36
347 0.18 1001 to 2000 496942 4969420 0.15
122 0.06 2001 to 3000 297518 2975180 0.09
50 0.02 3001 to 4000 179919 1799190 0.05
37 0.02 4001 to 5000 169719 1697190 0.05
100 0.05 5001 to 10000 727619 7276190 0.22
137 0.07 10001 to 50000 3026821 30268210 0.89
56 0.03 50001 to 100000 4013894 40138940 1.18
135 0.07 100001 and above 318906648 3189066480 94.02
Total: 196065 100.00 100.00 339178683 3391786830 100.00
Details of shares held by the Shareholders in Physical & Demat
form as on 31.3.2012
S. Particulars No. of No. of %
No. Shareholders Shares Shareholding
1. Physical 10614 1719113 0.51
2. Demat 185451 337459570 99.49
of which
i) NSDL 149556 145178690 42.80
ii) CDSL 35895 192280880 56.69
Total (1+2) 196065 339178683 100.00
During the Financial Year Bank issued 65,25,919 Equity Shares to
Govt. of India and 1,58,40,607 Equity Shares to LIC of India of
` 10/- each on preferential allotment basis at a premium of ` 993.69
per Equity Share and the amount received by the Bank on this
account is ` 22,44,90,58,480.94.
8.14 Geographical spread of Shareholders as on 31.03.2012
ELECTRONIC PHYSICAL TOTAL
CITY NAME HOLDER per SHARES per HOLDER Per SHARES PER% Holder Per Share Per
% % % % % %
AHMEDABAD 7969 4.30 439895 0.13 63 0.59 7100 0.41 8032 4.10 446995 0.13
BANGALORE 8732 4.71 464651 0.14 241 2.27 40753 2.37 8973 4.58 505404 0.15
CHENNAI 6582 3.55 594098 0.18 468 4.41 82423 4.79 7050 3.60 676521 0.20
DELHI 20840 11.24 191831346 56.85 1036 9.76 152880 8.89 21876 11.16 191984226 56.60
HYDERABAD 4187 2.26 223473 0.07 198 1.87 34615 2.01 4385 2.24 258088 0.08
KOLKATA 6140 3.31 445605 0.13 331 3.12 60551 3.52 6471 3.30 506156 0.15
MUMBAI 26738 14.42 137476348 40.74 497 4.68 80755 4.70 27235 13.89 137557103 40.56
NCR OTH 7222 3.89 458008 0.14 298 2.81 44582 2.59 7520 3.84 502590 0.15
OTHER 97041 52.33 5526146 1.64 7482 70.5 1215454 70.7 104523 53.31 6741600 1.99
TOTAL 185451 100 337459570 100 10614 100 1719113 100 196065 100 339178683 100
115
s.+s l¤·-i¤ ¤·| .º¡¡¡. + <|·|- ¤+ - +|: ·|i ¤i÷i~|·/(÷i~|·/¤|·ºº
~·|¤| +|: ·|i ¤l·¤--i¤ l¤nº| ¤|·i -ti l+¤| t
s.+e ¤·rr¤rt ¤r ¤ar .-
i| +-¤-i =l-¤
¤¤|¤ -z|-n ¤+
z|¤· l¤·||ª l¤·- v·||ª
· ==< n|ª -: l<-ni¡¡ººº¡
ii| <¸··||·| =. º¡¡.ª¡¡··ª .ª¡ººº·
iii| ¤·+= · º¡¡.ª··ºº
iv| ;-n¬ . [email protected]
¶a ¤¬r¤ ªrrª¬ ¤¤
tºrrª . ª; fªr¬t (¤.=rt. ¤rna¸
fªªr¤ . ov.os.zo+z =ª¤+r q¤ ¤¤ªr fªªrr¤
8.15Bank has not issued any GDRs/ADRs/Warrants or any
convertible instruments during the financial year 2011-12.
8.16Address for Correspondence
i) The Company Secretary
Punjab National Bank
Share Department, Finance Division
5, Sansad Marg, New Delhi 110001
ii) Tel. No. 011- 23711663, 23719086
iii) Fax : 011-23766079,
iv) e-mail : [email protected]
For Punjab National Bank
Place: New Delhi (K. R. Kamath)
Date: 09/05/2012 Chairman & Managing Director
116
Declaration
The Bank has laid down a Code of Conduct for all the Board
Members and Senior Management Personnel of the Bank, which is
posted on the website of the Bank i.e. www.pnb.india.in /About
Us/Organisational Structure
The Board Members and Senior Management have affirmed
compliance to the Code of Conduct in accordance with Clause 49
(I) (D) of the Listing Agreement entered into with Stock Exchanges.
For Punjab National Bank
Place: New Delhi (K. R. Kamath)
Date: 09/05/2012 Chairman & Managing Director
rrr rr¢rr
¤+ - =·|i ¤|÷ =<ª¤| -·|| ¤l··a v¤·|- ¤ª + ~l·|+|l·¤| + ln(
~|-|· =lt-| -¤|· +i t l¤= ¤+ +i ¤¤ =|:º www.pnb.india.in/
About Us/Organisational Structure ¤· <z||¤| ª¤| t
¤|÷ + =·|i =<ª¤| -·|| ¤l··a v¤·|- - ªº|+ (+=-¤ + =|·| =¸-i+·º|
+·|· + º|º÷ :º:I| :÷i| + ~-=|· ~|-|· =lt-| + ~-¤|n- +i ¤l·º
+i t
¶a ¤¬r¤ ªrrª¬ ¤¤
tºrrª . ª; fªr¬t (¤.=rt. ¤rna¸
fªªr¤ . ov.os.zo+z =ª¤+r q¤ ¤¤ªr fªªrr¤
117
Auditors' Certificate
To the members of Punjab National Bank
We have examined the compliance of conditions of Corporate
Governance by Punjab National Bank for the year ended 31st March
2012, as stipulated in Clause 49 of the Listing Agreement of the
Bank with Stock Exchanges.
The compliance of conditions of Corporate Governance is the
responsibility of the Management. Our examination was limited to
procedures and implementation thereof, adopted by the Bank for
ensuring the compliance of the condition of Corporate Governance.
It is neither an audit nor an expression of opinion on the financial
statements of the Bank.
In our opinion and to the best of our information and according to
the explanations given to us, we certify that the Bank has complied
with the conditions of Corporate Governance as stipulated in the
above mentioned Listing Agreement to the extent these do not
violate RBI guidelines.
We state that no investor grievance is pending for a period exceeding
one month against the Bank as per the records maintained by the
Shareholders/Investors Grievances Committee.
We further state that such compliance is neither an assurance as to
the future viability of the Bank nor the efficiency or effectiveness
with which the management has conducted the affairs of the Bank.
For and on behalf of
M/s V. K. Verma & Co. M/s Mookherjee Biswas & Pathak
Chartered Accountants Chartered Accountants
FRN 000386N FRN 301138E
(Vivek Kumar) (A. Chatterjee)
Partner Partner
Membership No.503826 Membership No.061551
M/s Amit Ray & Co. M/s Sarda & Pareek
Chartered Accountants Chartered Accountants
FRN 000483C FRN 109262W
(Basudeb Banerjee) (Niranjan Joshi)
Partner Partner
Membership No. 070468 Membership No. 102789
M/s Borkar & Muzumdar M/s G. S. Madhava Rao & Co.
Chartered Accountants Chartered Accountants
FRN 101569W FRN 001907S
(B M Agarwal) (G. Manikya Prasad)
Partner Partner
Membership No. 033254 Membership No. 020105
Place: New Delhi
Date: 09/05/2012
¬=rr¤tt+r¤r ¤r ¤nr¢r¤·r
¤¤|¤ -z|-n ¤+ + =<ª¤ªº|
tn- ¤+ + z|¤· ¤|¤|· + =|·| t( =¸-i¤z ~-¤·| + º|÷ :º n
¤·||l-l<·º ª¡ n|- .º¡. +| =n|-- t( ¤·| + ln¤ l-ªln- z||=- +i
z|-| +| ¤¤|¤ -z|-n ¤+ ,|·| ~-¤|n- l+( ¤|- +i ¤|- +i t
l-ªln- z||=- +i z|-| + ~-¤|n- +i l¤-n<|·i v¤·|- +i t tn|·i ¤|-
l-ªln- z||=- +i z|-| + ~-¤|n- + =l-z-¤ t- ¤+ ,|·| ~ªi|-
+|¤¤zl-¤| -·|| --+ l+¤|-¤¤- -+ ti =iln- t
¤t - -| nº|| ¤·i-|| t ~|· - ti ¤+ +i l¤-|i¤ l¤¤·lº|¤| ¤· ·|¤ +i
~l·|·¤l+- t
tn|·i ·|¤ n -·|| tn <i ª¤i =¸--| (¤ tn l<¤ ª¤ ª¤·ºi+·º|| + ~-=|·
tn vn|lº|- +·- t l+ ¤+ - -¤¤+- =¸-i¤z +·|· n ¤·||l-l<·º l-ªln-
z||=- +i z|-| +| := =in| -+ ~-¤|n- l+¤| t l+ --= ·||·-i¤ l·¤¤
¤+ + n|ªl-<z|| +| --n·|- -ti t|-| t
tn =¸l-- +·- t l+ z|¤··||·+|/l-¤z|+| +i lz|+|¤- =lnl- ,|·| ·º| ª(
l·+|÷ + ~-=|· l+=i l-¤z|+ +i ¤+ + l¤ªz +|: lz|+|¤- (+ n|t
= ~l·|+ =n¤ = nl-¤- -ti ¤÷i t
tn ¤t ·|i =¸l-- +·- t l+ := v+|· +| ~-¤|n- - -| ¤+ +i ·||¤i
·¤¤t|¤-| ~|· - ti v¤·|- ,|·| ¤+ +| +|n+|¤ -n|- n -=+i <-|-|
~·|¤| v·||¤z|in-| + vl- +|: ~|z¤|=- <-| t
|- -·|| l--- +i ~|· =
n== ¤i + ¤n| (÷ +-¤-i n== nº|¤i l¤ª¤|= (÷ ¤|a+
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ºººªº· (- (¤· ~|· (- ªº¡¡ªº:
:l¤¤+ +n|·|
. -º¤i|=|¤<|· =|¤<|·
=<ª¤-| =. ·ºªº.· =<ª¤-| =. º·¡··¡
n== ~ln- · (÷ +-¤-i n== =|·<| (÷ ¤|·i+
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ººº:ºª =i (¤· ~|· (- ¡ºº.·.÷·-¤¸
:¤|=<¤ ¤-¤i| :l-·¤- ¤|z|i|
=|¤<|· =|¤<|·
=<ª¤-| =. º:·º =<ª¤-| =. ¡º.ºº
n== ¤|·+· (÷ n¤n<|· n== ¤i.(=. n|·|¤ ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ¡º¡··º÷·-¤¸ (¤· ~|· (- ºº¡ºº(=
:¤¤n|t- ~ª¤|n| :¤i. n|lº|+¤ v=|<|
=|¤<|· =|¤<|·
=<ª¤-| =. ºªª.·: =<ª¤-| =º º.º¡º·
ª·||- · -: l<-ni
l<-|+ · ºº.º·..º¡.
120
s+ nr¤, zo+z ¤t ftºrfa ¤ =ª=rt a¬ª-¤·r
BALANCE SHEET AS ON 31ST MARCH, 2012
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
=ª=¸¤t s+.os.+z ¤r s+.os.++ ¤r
Schedule As on 31.03.12 As on 31.03.11
¤¸¬t =rt ª¤arq
CAPITAL & LIABILITIES
¤¸¤i 1 3391786 3168122
Capital
¤|·l-|- l-l¬ ~|· ~l¬z|·| 2 274778944 211917450
Reserves & Surplus
¤n|·|lz|¤| 3 3795884792 3128987266
Deposits
-¬|· 4 372642705 315896905
Borrowings
~-¤ <¤-|( ~|· ¤|¤¬|- 5 135241793 123282659
Other Liabilities and Provisions
¬rz.TOTAL 4581940020 3783252402
=rfta¤r
ASSETS
-+<i ~| · ·||·-i¤ l·¤¤ ¤ + + ¤|= ¤n| z|·| 6 184928960 237768960
Cash & Balances with Reserve Bank of India
¤+| + ¤|= ¤n| z|·| ~|· n|ª -·|| ~-¤ =¸--| ¤· ¤|-¤ ¬- 7 103351375 59143156
Balances with Banks & Money at call & short notice
l-¤z| 8 1226294688 951623475
Investments
~lªn 9 2937747567 2421066661
Advances
~-n ~|lª-¤| 10 31688611 31055961
Fixed Assets
~-¤ ~|lª-¤| 11 97928819 82594189
Other Assets
¬rz.TOTAL 4581940020 3783252402
~|+lªn+ < ¤-|( 12 2080366488 1269337218
Contingent Liabilities
¤=¸ ni + ln( l¤n 167134061 119815388
Bills for Collection
¤n=r ¬=rr¤ª ªtfa¤r 17
Significant Accounting Policies
¬=rr fºt¤f¢r¤r 18
Notes on Accounts
¡ = ¡º +i ~-=¸l-¤| =¤l¬- nº|| +| ~l·|-- ~ª t
The Schedules 1 to 18 form an integral part of the Accounts.
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--| -·|| ~--=¸¤ nº¤n ·|+z| =ai + ~|· +|n-
nº¤ ¤ ¤¬+ -¤ nt|¤ ¤¬+ nt|¤¤¬+ +|¤ ¤|n+ l-<z|+ +|¤ ¤|n+ l-<z|+ ~·¤-| (¤ ¤ ¤-¬ l-<z|+
M NANDAKUMAR R R VOORE V K KHANNA USHA ANANTHASUBRAMANIAN RAKESH SETHI K R KAMATH
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR CHAIRMAN & MANAGING DIRECTOR
~-·|ª ¤ - ¤=¤i· l=t ¤i ¤i -| ¬·i (n ( ~--n ¤ <i¤ +n|· (n ¤i l=t (n (- ª|¤i-|·| ÷i + l=ªn| =-in ª--|
l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+
ANURAG JAIN JASBIR SINGH B B CHAUDHRY M A ANTULAY PRADEEP KUMAR M P SINGH M N GOPINATH D K SINGLA SUNIL GUPTA
DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR
rnrtt =r¬ ¤t ft¤r º ¤ =ª =rt.As per our Report of even date
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤ª¤|= (÷ ¤|a+ +- ~ln- · (÷ +-¤-i +- =|·<| (÷ ¤|·i+ +- ¤|·+· (÷ n¤n<|· +- ¤i (= n|¬¤| ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co. For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Acccountants Chartered Accountants Chartered Acccountants
:¤ <i¤ ¤n| =|¤<|·|
-º¤i =|¤<|·| :¤|=<¤ ¤-¤i =|¤<|·| :l-·¤- ¤|z|i=|¤<|·| :¤i (n ~ª ¤|n=|¤<|·| :¤i n|lº|+¤ ¤ =|<=|¤<|·|=<ª¤ =º¤| 088393, (¤·~|·(- 000386(- =<ª¤ = º¤| 061551, (¤·~|·(- 301138: =<ª¤ =º¤| 070468, (¤·~|·(- 000483=i =<ª¤ =º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ =º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ =º¤| 020105, (¤·~|·(- 001907(=
(Pradeep Verma-Partner) (A Chatterjee- Partner) (Basudeb Banerjee-Partner) (Niranjan Joshi-Partner) (B M Agarwal-Partner) (G Manikya Prasad-Partner)
M No.088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place: ª; fªr¬t.New Delhi
121
s+ nr¤, zo+z ¤r =nrta ¤rr ¤ f¬q ¬r+r-rrfª =rrar
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2012
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
=ª=¸¤t s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
Schedule year ended 31.03.12 year ended 31.03.11
I. =r¤
INCOME
~l¤ - ·¤|¤ 13 364280305 269864800
Interest earned
~-¤ ~|¤ 14 42026043 36125803
Other Income
¬rz.TOTAL 406306348 305990603
II. ª¤¤
EXPENDITURE
º|- l+¤| ª¤| ·¤|¤ 15 230135908 151791441
Interest expended
¤l·-|n- º|- 16 70027511 63642242
Operating expenses
¤|¤¬|- ~|· ~|+lªn+-|¤ 57300885 46221967
Provisions and Contingencies
¬rz.TOTAL 357464304 261655650
III. ¬r+r - =¤f¤ ¤ f¬q rr q ¬r+r 48842044 44334953
PROFIT - Net Profit for the period
¤|÷· n|·| ¤ t|l- º||- n ¤n| z|·| 0 0
Add: Balance in Profit & Loss A/c
l¤l-¤|¤- + ln( -¤n·¬ n|·| 48842044 44334953
Profit Available for Appropriation
IV. f¤fª¤r ¬ª
APPROPRIATIONS
l---lnlº|- +| ~-·º|·
Transfer to :
=|l¤l¬+ ¤|·l-|- l-l¬¤| 12210511 11083740
Statutory Reserves
¤¸¤i ¤|·l-|- l-l¬ 330207 120165
Capital Reserves
·|¤ª¤ -·|| ~-¤ ¤|·l-|- l-l¬¤| 26345208 23650494
Revenue & Other Reserves
.º¡¡¡. + ln( ¤ ª-|l¤- n|·|| z|..º· +i <· = 7461931 6969867
:¤·| .º¡º¡¡ + ln( ..º· +i <· = ¤ <-||
Dividend @220 % proposed for the year 2011-12
(@220% paid for the year 2010-11)
.º¡¡¡. + ln( ¤ ª-|l¤- n|·||z| ¤· +· 1210511 1130687
Tax on Dividend proposed for the year 2011-12
¤|÷ · n|·||z| ¤· +· + ln( ¤|¤¬|- = ~-l·- z|·| -78824 0
Add: Balance Transferred from provision for Tax on Dividend
~|¤+· ~l¬l-¤n + ~-=|· l¤z|·| ¤ |·l-|- l-l¬ 1362500 1380000
Special reserve as per Income Tax Act
n|·| ¤ t|l- º||- n z|·| 0 0
Balance in Profit & Loss Account
¬rz.TOTAL 48842044 44334953
¤ l- z|¤· ~¤ - :~l+- n¸-¤ `| :n¸ n/-- + -| 154.02 140.60
Earning per Share (`) (Basic/DilTuted)
¤n=r ¬=rr¤ª ªtfa¤r
Significant Accounting Policies 17
=rrar = =¤f¤a fºt¤f¢r¤r
Notes on Accounts 18
¡ = ¡º +i ~-=¸l-¤| =¤l¬- nº|| +| ~l·|-- ~ª t
The Schedules 1 to 18 form an integral part of the Accounts.
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--| -·|| ~--=¸¤ nº¤n ·|+z| =ai + ~|· +|n-
nº¤ ¤ ¤¬+ -¤ nt|¤ ¤¬+ nt|¤¤¬+ +|¤ ¤|n+ l-<z|+ +|¤ ¤|n+ l-<z|+ ~·¤-| (¤ ¤ ¤-¬ l-<z|+
M NANDAKUMAR R R VOORE V K KHANNA USHA ANANTHASUBRAMANIAN RAKESH SETHI K R KAMATH
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR CHAIRMAN & MANAGING DIRECTOR
~-·|ª ¤ - ¤=¤i· l=t ¤i ¤i -| ¬·i (n ( ~--n ¤ <i¤ +n|· (n ¤i l=t (n (- ª|¤i-|·| ÷i + l=ªn| =-in ª--|
l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+ l-< z|+
ANURAG JAIN JASBIR SINGH B B CHAUDHRY M A ANTULAY PRADEEP KUMAR M P SINGH M N GOPINATH D K SINGLA SUNIL GUPTA
DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR
rnrtt =r¬ ¤t ft¤r º ¤ =ª =rt.As per our Report of even date
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤ª¤|= (÷ ¤|a+ +- ~ln- · (÷ +-¤-i +- =|·<| (÷ ¤|·i+ +- ¤|·+· (÷ n¤n<|· +- ¤i (= n|¬¤| ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co. For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Acccountants Chartered Accountants Chartered Acccountants
:¤ <i¤ ¤n| =|¤<|·|
-º¤i =|¤<|·| :¤|=<¤ ¤-¤i =|¤<|·| :l-·¤- ¤|z|i=|¤<|·| :¤i (n ~ª ¤|n=|¤<|·| :¤i n|lº|+¤ ¤ =|<=|¤<|·|=<ª¤ =º¤| 088393, (¤·~|·(- 000386(- =<ª¤ = º¤| 061551, (¤·~|·(- 301138: =<ª¤ =º¤| 070468, (¤·~|·(- 000483=i =<ª¤ =º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ =º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ =º¤| 020105, (¤·~|·(- 001907(=
(Pradeep Verma-Partner) (A Chatterjee- Partner) (Basudeb Banerjee-Partner) (Niranjan Joshi-Partner) (B M Agarwal-Partner) (G Manikya Prasad-Partner)
M No.088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place: ª; fªr¬t.New Delhi
122
=ª=¸¤t + - ¤¸¬t
SCHEDULE 1 - CAPITAL
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
¤rf¤¤a
300,00,00,000 :l+¤ºi z|¤· ¤ ·¤+ `¡º +|
Authorised
300,00,00,000 Equity Shares of ` 10 each 30000000 30000000
¬rtt aºrr =f+rª-r
¤·¤+ `¡º + 33,91,78,683 :l+¤ºi z|¤· :l¤¤n ¤·| 31,68,12,157 -·||
2,23,66,526 ¤-n|- ¤·| n ¤|·i `¡º ¤ ·¤+ + :l+¤ºi z|¤·|
Issued & Subscribed
33,91,78,683 (Previous year 31,68,12,157 & 2,23,66,526 issued in 3391786 3168122
Current Year Equity Shares of ` 10 each )
¤ª-r
33,91,78,683 ::-n +< i¤ =·+|· ,|·| ¬|l·- 19,02,76,876
:l+¤ºi z|¤· z||lnn t l¤¤n ¤·| 31,68,12,157 l¤-n +-< i¤
=·+|· ,|·| ¬|l·- `¡º ¤ ·¤+ + 18,37,50,957 z|¤· z||lnn t |
Paid Up
33,91,78,683 ( includes 19,02,76,876 3391786 3168122
Equity Shares held by Central Government -
Previous year 31,68,12,157 includes
18,37,50,957 held by Central Government
Equity Shares of `10 each )
¬rz.TOTAL 3391786 3168122
=ª=¸¤t z - ¤rtf+ra fªf¤¤r =rt =f¤rrrr
SCHEDULE 2 - RESERVES & SURPLUS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. =rf¤f¤¤ ¤rtf+ra fªf¤¤r
Statutory Reserves
¤|·l-·|+ z|·|
Opening Balance 56580431 45496691
¤·| + <|·|- ¤lz
Addition during the year 12210511 11083740
68790942 56580431
II. ¤¸¬tna ¤rtf+ra fªf¤¤r
Capital Reserves
¤¸ ¤ªn¸r¤ª ¤rtf+ra fªf¤
a) Revaluation Reserve
¤|·l-·|+ z|·|
Opening Balance 14707556 14919857
¤·| + <|·|- +º|l-¤|
:¤l·=-¤l-| + ¤-n¸ -¤- ·||ª ¤· n¸-¤r|=|
Deduction during the year 212301 212301
(being depreciation on revalued portion of property)
~-¤ ¤|·l-|l-¤| n ~-·º|
Transfer to Other Reserves 0 0
14495255 14707556
=r¸ =-¤
b) Others
¤|·l-·|+ z|·|
Opening Balance 10315680 10195515
¤·| + <|·|- ¤lz
Addition during the year 330207 120165
10645887 10315680
123
=ª=¸¤t z - ¤rtf+ra fªf¤¤r =rt =f¤rrrr
SCHEDULE 2 - RESERVES & SURPLUS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
III. rr¤t ¤tfn¤n
Share Premium
¤|·l-·|+ z|·|
Opening Balance 21939189 20114285
¤·| + <|·|- ¤lz
Addition during the year 22225392 1824904
¤·| + <|·|- +º|l-¤|
Deduction during the year 0 0
44164581 21939189
IV. tr¬t¤ aºrr =-¤ ¤rtf+ra fªf¤¤r
Revenue and other Reserves
¤¸ fª¤rr ¤rtf+ra fªf¤
a) Investment Reserve
¤|·l-·|+ z|·|
Opening Balance 1071089 1071089
¤|÷· n|·| ¤ t|l- l¤l-¤|¤- nº| = ~-·º|
Add :Transfer from P&L Appropriation A/c 0 0
·|º|(· n|·| ¤ t|l- l¤l-¤|¤- nº| n ~-·º|
Less:Transfer to P&L Appropriation A/c 0 0
1071089 1071089
=r¸ f¤fª¤n rrº-¤z ¤rtf+ra fªf¤
b) Exchange Fluctuation Reserve
¤|·l-·|+ z|·|
Opening Balance 0 5674
¤|÷· ¤·| + <|·|- ¤lz
Add : Addition during the year 0 0
·|º|(· ¤·| + <|·|- +º|-i :z|z|
Less: Deduction during the year (Net) 0 5674
0 0
n¸ =r¤¤t =f¤fª¤n +ve+ ¤t ¤rtr 36(1)(viii) ¤ =-ana f¤rrrr ¤rtf+ra fªf¤
c) Special Reserve under Sec.36(1) (viii) of Income Tax Act, 1961
¤|·l-·|+ z|·|
Opening Balance 4388800 3008800
~-¤ ¤|·l-|- l-l¬¤| = ~-l·-
Transferred from Other Reserves 0 0
¤·| + <|·|- ¤lz
Addition during the year 1362500 5751300 1380000 4388800
rr¸ =-¤ ¤rtf+ra fªf¤
d) Other Reserve
¤|·l-·|+ z|·|
Opening Balance 102914705 79264249
¤·| + <|·|- ¤lz
Addition during the year 26945208 23650494
·|º|(· l¤z|·| ¤ |·l-|- l-l¬ ~|¤+· +| ~-l·-
Less: Transferred to Special Reserves I.Tax 0 0
¤|÷· ¤-n¸-¤- ¤|·l-|- l-l¬¤| = ~-l·-
Add: Transfer from Revaluation Reserves 0 0
·|º|(· ~¤ªz º||-| + ln( ·|ª-|-
Less: Payment for blocked accounts 23 38
129859890 102914705
V. ¬r+r-rrfª =rra n rrrr
Balance in Profit & Loss Account 0 0
Total of I, II, III, IV,V ¤r ¬rz 274778944 211917450
124
=ª=¸¤t s - ¬nrtrfrr¤r
SCHEDULE 3 - DEPOSITS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. nrn ¬nrtrfrr¤r
Demand Deposits
(i) ¤+| =
From Banks 21768322 23640083
(ii) ~-¤ =
From Others 262954090 244735858
284722412 268375941
II. ¤¤a ¤¤ ¬nrtrfrr¤r
Savings Bank Deposits 1056570278 934874246
III. nt¤rªt ¬nrtrfrr¤r
Term Deposits
~ (i) ¤+| =
A From Banks 146669301 120489638
(ii) ~-¤ =
From Others 2307922801 1805247441
2454592102 1925737079
Total I, II & III ¤r ¬rz 3795884792 3128987266
¤ (i) ·||·- n lª·|- z||º||~| +i ¤n|·|lz|¤|
B Deposits of branches in India 3705951691 3072550996
(ii) ·||·- = ¤|t· lª·|- z||º||~| +i ¤n|·|lz|¤|
Deposits of branches outside India 89933101 56436270
TOTAL B (i) ¤ & (ii) (=r¸ ¤r ¬rz 3795884792 3128987266
=ª=¸¤t + - s¤rt
SCHEDULE 4 - BORROWINGS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n s¤rt
Borrowings in India
(i) ·||·-i¤ l·¤¤ ¤+
Reserve Bank of India 100000000 91000000
(ii) ~-¤ ¤+| =
Other Banks 219982 139462
(iii) ~-¤ =ª·||~| ~|· (¤l=¤| =
Other Institutions and Agencies 15877971 24472298
(iv) =¤fa+r¸a ¤faª¤ ¤r¢z
Unsecured Redeemable Bonds
+| ºi¤· ¤|º÷ :¤ln¤|<i +º| lnº|-|
a) Tier-I Bonds (Perpetual Debt Instruments) 20205000 20205000
º|| ~¤· ºi¤· ¤|º÷
b) Upper Tier-II Bonds 66100000 66100000
ª| ºi¤· ¤¸¤i + ln( ª| º| +º|
c) Subordinate debts for Tier II Capital 25598000 25598000
111903000 111903000
II. +rrta = ¤rrt s¤rt
Borrowings outside India 144641752 88382145
Total of I, II ¤r ¬rz 372642705 315896905
s¤¤¤a ì q¤ ìì n rrrfn¬ ¤fa+r¸a s¤rt
Secured Borrowings included in I & II above 90000000 80000000
125
=ª=¸¤t s - =-¤ ª¤arq =rt ¤r¤¤rª
SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. <¤ l¤n
Bills Payable 21389500 20969537
II. ~-· +|¤| n¤ =n|¤|¤- :z|z|
Inter-Office adjustments (net) 551023 314422
III. -¤l-- ·¤|¤
Interest accrued 5830521 4671759
IV. ~|ª·|lª- +· <¤-| :z|z|
Deferred Tax Liability (Net) 0 0
V ~-¤ :¤ |¤¬|-| =lt-|
Others (including Provisions) 107470749 97326941
Total of I, II, III, IV, V ¤r ¬rz 135241793 123282659
=ª=¸¤t e - ª¤ªt =rt +rrtat¤ ft”r¤ ¤¤ ¤ ¤r= rrrr
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. rrºr n ª¤ªt (f¤ªrrt nªr ªrºr =fra¸
Cash in hand (including foreign currency notes) 19352609 17236650
II. +rrtat¤ ft”r¤ ¤¤ ¤ ¤r= rrrr
Balance with Reserve Bank of India
-|n¸ º||- n/In Current Account 165576351 220532310
~-¤ º||- n/In Other Account 0 0
Total of I & II ¤r ¬rz 184928960 237768960
=ª=¸¤t z - ¤¤r ¤ ¤r= ¬nr rrrr, nrn =rt =r¤ =¸¤ªr ¤t ¤rt¤ ¤ª
SCHEDULE 7 - BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n/In India
(i) ¤+| + ¤|= z|·|
Balances with Banks
+| -|n¸ º||-| n
a) In Current Accounts 7941778 4814624
º|| ~-¤ ¤n| º||-| n
b) In Other Deposit Accounts 31406317 15508177
39348095 20322801
(ii) n|ª ~|· ~-¤ =¸--| ¤· ¤|-¤ ¬-
Money at Call and Short Notice
+| ¤+| + ¤|=
a) with Banks 4500000 6750000
º|| ~-¤ =ª·||~| + ¤|=
b) with Other Institutions 17174380 21674380 0 6750000
¬rz.TOTAL 61022475 27072801
II. +rrta = ¤rrt/Outside India
(i) ¤+| + ¤|=
Balances with Banks
+| -|n¸ º||-| n
a) In Current Accounts 13864719 15304884
º|| ~-¤ ¤n| º||-| n
b) In Other Deposit Accounts 18289140 14758696
(ii) n|ª ~|· ~-¤ =¸--| ¤· ¤|-¤ ¬-
Money at Call & Short Notice 10175041 2006775
¬rz.TOTAL 42328900 32070355
GRAND TOTAL of I, II ¤r ¤¬ ¬rz 103351375 59143156
126
=ª=¸¤t s - fª¤rr
SCHEDULE 8 - INVESTMENTS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n fª¤rr . =¤¬
Investments in India : Gross 1217874833 945584826
·|º|(· n¸-¤r|= + ln( ¤ |¤¬|-
Less: Provision for Depreciation 5177706 3507075
·||·- n z|z l-¤z|
Net Investment in India 1212697127 942077751
(i) =·+|·i ¤l-·|¸l-¤|
Government Securities 997594498 795017209
(ii) ~-¤ ~-n|l<- ¤l-·|¸l-¤|
Other Approved Securities 2232704 3738616
(iii) z| ¤·
Shares 26109283 22329166
(iv) l÷¤-· ~|· ¤|º÷
Debentures and Bonds 76367478 48628853
(v) ~-·|lª¤| ~|·/~·|¤| =¤+- -¤n
:¤|¤|l¤- =ª·||~| =lt-|
Subsidiaries and/or joint ventures 2938748 5095793
(including sponsored institutions )
(vi) ~-¤
:l¤l·|-- -¤¸-~n ¤·÷ ¤ ¤|lº|l-¤+ ¤·| ~|l< n|
Others 107454416 67268114
Various Mutual Funds & Commercial Papers etc.
TOTAL of I ¤r ¬rz 1212697127 942077751
II. +rrta = ¤rrt fª¤rr . =¤¬
Investments Outside India : Gross 13597561 9545724
·|º|(· n¸-¤r|= + ln( ¤ |¤¬|-
Less: Provision for depreciation 0 0
·||·- = ¤|t· z|z l-¤z|
Net Investments outside India 13597561 9545724
(i) ª·||-i¤ ¤|l¬+·º|| =lt- =·+|·i ¤l-·|¸l-¤|
Govt. securities including local authorities 0 0
(ii) ~-·|lª¤| ~|·/~·|¤| l¤<z| n =¤+- -¤n
Subsidiary and / or Joint ventures abroad 10585712 6969168
(iii) ~-¤
Others 3011849 2576556
TOTAL of II ¤r ¬rz 13597561 9545724
GRAND TOTAL of I, II ¤r ¤¬ ¬rz 1226294688 951623475
127
=ª=¸¤t v - =fnn
SCHEDULE 9 - ADVANCES
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
~ (i) º|·i< ~|· ·|-|¤ ª( l¤n
A Bills purchased and discounted 74205416 69399801
(ii) -+< -¬|· ~|¤·÷|+º ~| · n|ª ¤· <¤ +º|
Cash Credits, Overdrafts & Loans repayable on demand 1436070954 1144910937
(iii) ni¤|<i +º|
Term Loans 1427471197 1206755923
¬rz.Total 2937747567 2421066661
~| (i) n¸- ~|lª-¤| ,|·| ¤l-·|¸- ::=n ¤ti +º|| ¤· l<( ª¤ ~lªn z||lnn t|
B Secured by tangible assets 2529029442 2011617312
(Includes advances against Book Debts)
(ii) ¤+/=·+|· +i ª|·ºi ,|·| =·l-|-
Covered by Bank/Government guarantees 162105592 109578868
(iii) ~¤l-·|¸-
Unsecured 246612533 299870481
¬rz.Total 2937747567 2421066661
; (I) +rrta n fª¤rr
C Advances in India
(i) ¤|·|ln+-| -|·|
Priority Sector 920329524 786370084
(ii) =|¤ ¤l-+ -|·|
Public Sector 226727123 179024286
(iii) ¤+
Banks 15040423 131506782
(iv) ~-¤
Others 1558099647 1195131635
¬rz.Total 2720196717 2292032787
; (II) +rrta = ¤rrt =fnn
C Advances outside India
(i) ¤¤r = ¤rt¤
Due from Banks 180262372 110500665
(ii) =-¤ = ¤rt¤
Due from Others
:+|º|·i< ~| · ·|-|( ª( l¤n
(a) Bills Purchased & Discounted 5174505 4483847
:º||ni¤|<i +º|
(b) Term Loan 22600698 9349099
:ª| ~-¤
(c) Others 9513275 4700263
¬rz.Total 217550850 129033874
¤¬ ¬rz GRAND TOTAL ( Total of ; C I & II ¤r ¬rz) 2937747567 2421066661
128
=ª=¸¤t +o - =¤¬ =rfta¤r
SCHEDULE 10 - FIXED ASSETS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
=. n¸a =rfta¤r
A TANGIBLE ASSETS
I. ¤ft=t
Premises
l¤¤n ¤·| +i ªº n|- +i n|ª-/n¸-¤|+- ¤·
At cost / valuation as on 31st March of the preceding year 25979369 21000800
~¤l¬ + <| ·|- ¤lz
Addition during the period 372407 4978569
26351776 25979369
~¤l¬ + <| ·|- +º| -i
Deduction during the period 0 0
26351776 25979369
~¤ -+ n¸ -¤r|=
:¤-n¸ -¤- ·|lz| ¤· n¸-¤r|= =lt-|
Depreciation to date 3099819 2812599
(Including on revalued amount) 23251957 23166770
II. =-¤ =¤¬ =rfta¤r (¤·ªt¤t =rt f¤·¤=¤t =fra¸
Other Fixed Assets (Including Furniture & Fixtures)
l¤¤n ¤·| +i ª¡ n|- +i nª- ¤·
At cost as on 31st March of the preceding year 23143695 20368097
~¤l¬ + <| ·|- ¤lz
Addition during the period 3317298 3632079
26460993 24000176
~¤l¬ + <| ·|- +º| -i
Deduction during the period 784732 856481
25676261 23143695
~¤ -+ n¸ -¤r|=
Depreciation to date 17610886 15696690
8065375 7447005
III ¤º¸º¤r¬t =rfta¤r
Leased Assets
l¤¤n ¤·| +i ª¡ n|- +i n|ª- ¤·
At cost as on 31st March of the preceding year 252386 252386
252386 252386
~¤l¬ + <| ·|- ¤lz/=n|¤|¤-
Addition/adjustment during the period 0 0
~¤l¬ + <| ·|- +º| -i
Deduction during the period 0 0
252386 252386
~¤ -+ ¤l·z||¬-/¤º¸º| =n|¤|¤-
Amortisation / lease adjustment to date 251508 250779
878 1607
Total of I, II, III ¤r ¬rz 31318210 30615382
=r =n¸a =rfta¤r
B INTANGIBLE ASSETS
¤rt¤¸ºt =r¤º¤¤t
Computer Software
l¤¤n ¤·| +i ª¡ n|- +i n|ª- ¤·
At cost as on 31st March of the preceding year 1867268 1756344
~¤l¬ + <| ·|- ¤lz
Addition during the period 109215 162524
1976483 1918868
~¤l¬ + <| ·|- +º| -i
Deduction during the period 0 51600
1976483 1867268
~¤ -+ ¤l·z||l¬-
Amortised to date 1606082 1426689
¬rz.Total 370401 440579
¤¬ ¬rz GRAND TOTAL (=+=r¸ (A+B) 31688611 31055961
129
=ª=¸¤t ++ - =-¤ =rfta¤r
SCHEDULE 11 - OTHER ASSETS
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. -¤l-- ·¤|¤
Interest accrued 28560070 21322548
II. l<¤| ª¤| ~lª n +· / = |- ¤· +|º| ª¤| +·
Tax paid in advance / tax deducted at source 10577668 8701762
III. nº|-=|nªi ~|· ªº|-¤
Stationery and stamps 84633 73194
IV. <|¤| + l-¤º|- t- ¤|-- ª·¤l+ª ~|lª-¤|
Non-banking assets acquired in satisfaction of claims 2498 2498
V. ~|ª·|lª- +· ~|lª-¤| :z|z|
Deferred tax asset (net) 4180736 3730284
VI. ~-¤
Others 54523214 48763903
Total of I, II, III, IV, V, VI ¤r ¬rz 97928819 82594189
=ª=¸¤t +z - =r¤ftn¤ ª¤arq
SCHEDULE 12 - CONTINGENT LIABILITIES
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I (i) ¤ + + l¤ªz (= <|¤ l¤-t +º| + ª¤ n -ti n|-| ª¤| t
Claims against the Bank not acknowledged as debts 2500064 2550135
(ii) ~¤in| =<·|| ~|l< + ~¬i- l¤¤|l<- ~|¤ +· ¤ ·¤|¤ +· n|ª
Disputed income tax and interest tax 11608700 8814313
demands under appeals, references,etc.
II. ~|lz|+ ª¤ = ¤ <-| l-¤z|| + ln( <¤-|(
Liability for partly paid investments 115 115
III. ¤+|¤| ¤|¤<| l¤l-n¤ =l¤<|~| + +|·º| <¤-|(
Liability on account of outstanding forward exchange contracts 1298150508 669483255
IV. ª|t+| +i ~|· = <i ª¤i ª|·lº¤|
Guarantees given on behalf of constituents:
(+) ·||·- n
(a) In India 242085299 206560148
(º|) ·||·- = ¤|t·
(b) Outside India 180555668 123704153
V. ª¤i+l-¤| ¤·a|+- ~|· ~-¤ <|l¤·¤
Acceptances, endorsements and other obligations 342678091 254679884
VI. ~-¤ n< l¤-+ ln( ¤ + ~|+lªn+ ª¤ = l¤-n<|· t
Other items for which the Bank is contingently liable 2788043 3545215
Total of I, II, III, IV, V, VI ¤r ¬rz 2080366488 1269337218
130
=ª=¸¤t +s - =f¬a ª¤r¬
SCHEDULE 13 - INTEREST EARNED
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. ~lªn|/l¤n| ¤· ·¤|¤/¤º¸º|
Interest/discount on advances/bills 284466813 211045485
II. l-¤z|| = ~|¤
Income on Investments 76923364 56375478
III. ·||·-i¤ l·¤¤ ¤ + + ¤|= ¤n|z|·| ~| · ~-¤ ~-· ¤ + l-l¬¤| ¤· ·¤|¤
Interest on balances with Reserve Bank of 2125136 842016
India and other Inter-Bank funds
IV. ~-¤
Others 764992 1601821
Total of I, II, III, IV ¤r ¬rz 364280305 269864800
=ª=¸¤t ++ - =-¤ =r¤
SCHEDULE 14 - OTHER INCOME
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. +niz|- l¤l-n¤ ~| · <n|ni
Commission, Exchange and Brokerage 23748130 20451934
II. l-¤z|| +i l¤+i = n|·|
Profit on sale of Investments 4079719 3295244
·|º|(· l-¤z|| +i l¤+i = t|l-
Less: Loss on sale of Investments 610949 303524
3468770 2991720
III. -¤¸-~n ¤·÷/ª· ~-n|l<- z|¤·| + ¤¸l-º| = n|·||z| ~|¤
Dividend Income from Units of Mutual Fund / Unapproved Shares 1928951 2159635
IV. l-¤z|| + ¤-n¸-¤- = n|·|
Profit on revaluation of Investments 0 0
·|º|(· l-¤z|| + ¤-n¸-¤-/¤l·z||¬- = t|l-
Less: Loss on revaluation of Investments/Ammortisation 0 0
0 0
V. ·|¸ln ·|¤- ~| · ~-¤ ~|lª-¤| +i l¤+i = n|·|
Profit on sale of land, buildings and other assets 45103 34176
·|º|(· ·|¸ln ·|¤- ~| · ~-¤ ~|lª-¤| +i l¤+i = t|l-
Less: Loss on sale of land, buildings and other assets 2608 3657
42495 30519
VI. l¤l-n¤ n-<- = n|·|
Profit on exchange transactions 5914424 3810662
·|º|(· l¤l-n¤ n-<- = t|l-
Less: Loss on exchange transacations 135504 23684
5778920 3786978
VII. ·||·- n -·|| l¤<z| n ~-·|lª¤|/+-¤l-¤| ~|·/~·|¤|
=¤+- -¤n| = n|·||z| + ª¤ n ~l¤- ~|¤
Income earned by way of dividends etc. from subsidiaries / 261147 263422
companies and / or joint ventures in India & abroad.
VIII. l¤l¤¬ ~|¤
Miscellaneous Income 6797630 6441595
Total of I, II, III, IV, V, VI, VII & VIII ¤r ¬rz 42026043 36125803
131
=ª=¸¤t +s - =r¤ f¤¤r n¤r ª¤r¬
SCHEDULE 15 - INTEREST EXPENDED
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. ¤n|·|lz|¤| ¤· ·¤|¤
Interest on Deposits 213964731 137953826
II. ·||·-i¤ l·”|¤ ¤+ +/~-· ¤+ -¬|·| ¤· ·¤|¤
Interest on Reserve Bank of India/inter-bank borrowings 4174924 2576378
III. ~-¤
Others 11996253 11261237
Total of I, II, III ¤r ¬rz 230135908 151791441
=ª=¸¤t +e - ¤ft¤r¬ª ª¤¤
SCHEDULE 16 - OPERATING EXPENSES
(` '000 +| ¤|÷ l<¤| ª¤| t / ` '000 Omitted)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. +n-|l·¤| +| ·|ª-|- ~|· --+ ln( ¤|¤¬|-
Payments to and Provisions for employees 47234799 44611020
II. l+·|¤| +· ~| · l¤¤ni
Rent, Taxes and Lighting 3630524 3075726
III. n<º| (¤ nº|-=|nªi
Printing and Stationery 594626 509608
IV. l¤a|¤- ~|· ¤-|·
Advertisement and Publicity 371596 396764
V. ¤ + +i =¤l-| ¤· n¸-¤r|= / ¤l·z||¬-
Depreciation/Amortisation on Bank's property 3134902 2770781
·|º|(· ¤-n¸-¤- ¤|·l-|- l-l¬ = =n|¤|l¤-
Less: Adjusted with Revaluation Reserve 212301 212301
2922601 2558480
VI. l-<z|+| +i ¤·i= ·|-| (¤ º|-
Directors' fees, allowances and expenses 12495 14617
VII. nº|| ¤·i-|+| +i ¤·i= ~|· º|- :z||º|| nº||¤·i-|+| +i ¤·i= ~|· º|- =lt-|
Auditors' fees and expenses (including branch auditors' fees & expenses) 523495 435730
VIII. l¤l¬ ¤ ·||·
Law Charges 216752 169234
IX. ÷|+ -|· ºni¤·|- ~|l<
Postage, Telegrams, Telephones, etc. 1056350 1032711
X. n·-n- ~| · ·º|·º||¤
Repairs and Maintenance 1008462 846614
XI. ¤in|
Insurance 3159441 2616486
XII. ~-¤ ·¤¤
Other expenditure 9296370 7375252
Total of I to XII ¤r ¬rz 70027511 63642242
132
SCHEDULE 17
SIGNIFICANT ACCOUNTING POLICIES
1. BASIS OF PREPARATION:
The financial statements have been prepared on the historical
cost basis and conform, in all material aspects, to Generally
Accepted Accounting Principles (GAAP) in India which
encompasses applicable statutory provisions, regulatory norms
prescribed by Reserve Bank of India (RBI), Accounting
Standards (AS) and pronouncements issued by The Institute
of Chartered Accountants of India (ICAI) and prevailing
practices in Banking industry in India.
Use of Estimates
The preparation of financial statements requires the
management to make estimates and assumptions considered
in the reported amounts of assets and liabilities (including
contingent liabilities) as of date of the financial statements
and the reported income and expenses for the reporting
period. Management believes that the estimates used in the
preparation of the financial statements are prudent and
reasonable.
2. METHOD OF ACCOUNTING:
The Financial Statements have been prepared on the going
concern basis with accrual concept and in accordance with
the accounting policies and practices consistently followed
unless otherwise stated.
3. FIXED ASSETS
3.1 Fixed assets are stated at historical cost except those premises,
which have been revalued. The appreciation on revaluation is
credited to revaluation reserve and incremental depreciation
attributable to the revalued amount is deducted there from.
3.2 a. Depreciation on assets (including land where value is
not separable) are provided on straight-line method
based on estimated life of the asset.
b. Depreciation on assets has been provided at the rates
furnished below:-
Particulars Rate of Depreciation
Land acquired on perpetual lease
where no lease period is mentioned Nil
Land acquired on lease where lease
period is mentioned Over lease period
Building
- Constructed on free hold land and on
leased land, where lease period is above
40 years 2.50%
- Constructed on leased land where lease
period is below 40 years Over lease period
Furniture and fixtures- Steel articles 5.00%
Furniture and fixtures-wooden articles 10.00%
Mattresses 20.00%
Mobile Phone Instruments 33.33%
=ª=¸¤t-+z
¬=rr f¤f¤ =r¤-¤t ¤n=r ªtfa¤r
+. a¤rt ¤tª ¤r =r¤rt
l¤-|i¤ l¤¤·º| ¤·| ¤·-¤·|ª- n|ª- + ~|¬|· ¤· -¤|· l+¤ ª¤ t
-·|| =nª- nt·¤¤¸º| <l·º¤| = ·||·- n =|n|-¤-· ª¤i+- nº||+-
l=z|--| :¤i((¤i| + ~-ª¤ t l¤-n n|ª¸ =|l¤l¬+ v|¤¬||-
·||·-i¤ l·¤¤ ¤+ ,|·| l-¬|l·- l¤l-¤|n+ n|-<º÷ ·||·-i¤ =-<i
nº||+|· =ª·||- ,|·| ¤|·i nº||+- n|-<º÷ -·|| a|¤- ¤ ·||·- n
¤l+ª -¤|ª n n|¤¸<| v·||( ·|i z||lnn t
¤r¤¤¬ªr ¤r s¤¤rn
l¤·-i¤ l¤¤·lº|¤| +| -¤|· +·- + ln( v¤-¬- +| l·¤|lºª ~¤l¬
+ ln( ~|lª-¤| ¤ <¤-|~| :~|+lªn+ <¤-|~| =lt-| +i -=
lª·|l- +i l¤·-i¤ l¤¤·lº|¤| n =¸l-- ·|lz|¤| -·|| =¸l-- ~|¤ ¤ ·¤¤
+i ·|lz|¤| n ~-n|-| ~|· n|-¤-|~| ¤· l¤-|· +·-| ~¤l-|- t
v¤¬- +| n|--| t l+ l¤·-i¤ l¤¤·lº|¤| +| -¤|· +·- n v¤+-
~-n|- l¤¤+¤¸º| ~|· ~|l-·¤¤¸º| t
z. ¬=rr¤ª ¤fa
l¤-|i¤ l¤¤·º| l-·--· +|·|¤|· + ~|¬||· ¤· -·|| ~-¤·|| -l-nlº|-
+| ¤|÷+· nº||+- -il-¤| -·|| l-·--· ~¤-|: ¤| ·ti v·||~| +
~-=|· -¤|· l+¤ ª¤ t
s. =¤¬ =rfta¤r
ª.¡ l¤- ¤l·=·| +| ¤ -n ¸ -¤- t| - +| t --t ¤| ÷ +· ~-¤ ~-n ~|lª-¤|
+| --+i ¤·-¤·|ª- n|ª- ¤· l<º||¤| ¤|-| t ¤ -n ¸ -¤- ¤· t : ¤ l,
+| ¤ -n ¸ -¤- v|·l-|- l-l¬ n ¤n| l+¤| ¤|-| t ~| · -= ¤· n¸ -¤r|=
+ ln( l+( ª( v|¤¬|- +| -=n = +n +· l<¤| ¤|-| t
ª.. + ~|lª-¤| :¤t| +in- ~nª - +i ¤| =+-i t| ¤t| ·|¸ln
=lt-| ¤· n¸-¤r|= + ln¤ v|¤¬|- ~|lª- +i v·¤|lz|- ~|¤
+ ~|¬|· ¤· =i¬i ·º|| ¤zl- + ~-=|· l+¤| ¤|-| t
º| (=i ~|lª-¤| ¤· n¸-¤r|= l---lnlº|- <·| ¤· v<|- l+¤| ª¤|
t·
f¤¤t¢r n¸r¤çr= ¤t ªt
¤ln¤|<i ¤º¸º ¤· ni ª: ·|¸ln ¤t| ¤º¸º +i
~¤l¬ +| --nº| -ti t z|¸-¤
¤º¸º ¤· ni ª: ·|¸ln ¤t| ¤º¸º +i ~¤l¬ ¤º¸º +i ~¤l¬ ¤·
+| --nº| t ·|¤-
¤·i t|-÷ ~|· ¤º¸º ¤|ni ·|¸ln ¤· l-ln-
¤t| ¤º¸º +i ~¤l¬ :º ¤·| = ~l¬+ t ..·º%
¤º¸º ¤|ni ·|¸ln ¤· l-ln- ¤t| ¤º¸º +i
~¤l¬ :º ¤·| = +n t ¤º¸º +i ~¤l¬ ¤·
¤·-i-· ~|· l¤·+=-= ªºin ¤ª-( ·.ºº%
¤·-i-· ~|· l¤·+=-= n+÷i +i ¤ª-( ¡º.ºº%
ªª .º.ºº%
n|¤|:n ¤·|- -¤+·º| ªª.ªª%
133
Particulars Rate of Depreciation
Machinery, electrical and miscellaneous articles 15.00%
Motor cars and cycles 15.00%
Computers, ATMs and related items 33.33%
Computer Application Software - Intangible Assets
- Up to Rs. 5,000 Charged to Revenue
- Others 20.00%
c. Assets taken over from erstwhile New Bank of India and
Nedungadi Bank Ltd are depreciated based on their
estimated life based on broad groups / categories instead
of individual assets.
d. Depreciation on additions to assets is provided from the
month in which the asset is put to use and in case of
assets sold/disposed of during the year, up to the month
preceding the month in which it is sold/ disposed of.
4. ADVANCES
4.1 Advances are classified as performing and non-performing
assets; provisions are made in accordance with prudential
norms prescribed by RBI.
4.2 Advances are stated net of provisions in respect of non-
performing assets.
4.3 Offices outside India / Offshore Banking Units:
a Advances are classified under categories in line with those
of Indian Offices.
b Provisions in respect of advances are made as per the
local law requirements or as per the norms of RBI,
whichever is higher.
4.4. Financial Assets sold are recognized as under:
a. In case the sale is at a price lower than the Net Book
Value (NBV) the shortfall is charged to the Profit and
Loss Account.
b. In case the sale is at a price higher than the NBV, the
surplus provision is retained to meet shortfall/loss on
account of sale of other non-performing financial assets.
4.5 For restructured/rescheduled advances, provisions are made
in accordance with guidelines issued by RBI.
5. INVESTMENTS
5.1 Investments are classified into six categories as stipulated in
form A of the third schedule to the Banking Regulation Act,
1949.
5.2 Investments have been categorized into "Held to Maturity",
"Available for Sale" and "Held for Trading" in terms of RBI
guidelines. Securities acquired by the Bank with an intention
to hold till maturity is classified under "Held to Maturity".
5.3 The securities acquired by the Bank with an intention to trade
by taking advantage of short-term price/ interest rate
movements are classified under "Held for Trading".
f¤¤t¢r n¸r¤çr= ¤t ªt
nz|i-·i l¤¤ni ~|· l¤l¤¬ ¤ª-( ¡·.ºº%
n|º·+|· (¤ =|:+n ¡·.ºº%
+--¤¸º· (ºi(n ~|· =¤l¬- ¤ª-( ªª.ªª%
+--¤¸º· ~-v¤|ª =|+º¤¤· ~n¸- ~|lª-¤|
ª¤¤ ·ººº/ -+ ·|¤ª¤ n v·||l·-
~-¤ .º%
ª ¤¸¤¤-i -¤¸ ¤+ ~|¤· :l÷¤| -·|| -<ª÷i ¤+ lnº = ~l¤-
~|lª-¤| + n|nn n ~nª~nª ~|lª- + =¤¬ n v·¤|lz|-
~|¤ ~|+- + ª·||- ¤· n|º -|· ¤· =n¸t| / v¤ª| + ln(
~|+i ª¤i t
·| ~|lª-¤| n t( ¤l·¤¬-| + n|nn n n¸-¤t|= +| v|¤¬||-
--+ v¤|ª n ~|- + n|= = ~|· ¤·| + <|·|- ¤-i/ l-¤º|:
ª: ~|lª-¤| + n|nn n v|¤¬||- -= n|t = ¤¸¤ n|= -+
l+¤| ¤|-| t l¤= n|= n ~|lª- ¤-i/l-¤º|: ª: t
+. =fnn
:.¡ ~lªn| +| ¤ªi+·º| ~¤+ ~|· ~-¤+ ~|lª-¤| + ª¤ n l+¤|
¤|-| t ~|· --+ ln( ·||·-i¤ l·¤¤ ¤+ ,|·| l-¬|l·- l¤¤+¤¸º|
n|-<÷| + ~-=|· v|¤¬|- l+¤| ¤|-| t
:.. ~-¤+ ~|lª-¤| + =-¤-¬ n v|¤¬|- + ¤z-|-¸ ~lªn| +| <z||¤|
¤|-| t
:.ª ·||·- = ¤|t· +|¤|n¤/ -ºi¤ ¤l+ª :+|:¤| ·
+ ~lªn| +| ¤ªi+·º| -=i v+|· l+¤| ª¤| t ¤=| ·||·-i¤
+|¤|n¤| + ln( l+¤| ¤|-| t
º| ~lªn| + =-¤-¬ n v|¤¬|- ª·||-i¤ +|-¸-i ~¤-||~| + ~-=|·
~·|¤| ·||·-i¤ l·¤¤ ¤+ + n|-<÷| + ~-=|· ¤| ·|i
~l¬+ t l+¤| ª¤| t
:.: ¤-i ª: l¤·-i¤ ~|lª-¤| +| l---lnlº|- ª¤ n n|-| ª¤| t·
+| ¤l< z| z ¤ti n¸ -¤
-¤i¤i| = +n n¸ -¤ ¤· l¤+i t| -it -| -= +ni +| n|·| ¤ t|l- º||- n ¤ ·||l¤- l+¤| ¤|-|
t
º|| ¤l< l¤+i z|z ¤ti n¸-¤ = ~l¬+ n¸-¤ ¤· t|-i t -| ~-¤
~-¤+ ~|lª-¤| +i l¤+i = t: +ni/ ·||º +| ¤¸·| +·- +
ln( ~l¬+ v|¤¬|- ·º|| ¤|-| t
:.· ~lªn| +| ª¤ª¤ ¤<n ¤|-/ --+i l+ª-| +i =º¤| n ¤l·¤-- l+(
¤|- +i lª·|l- n ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| + ~-=|·
v|¤¬|- l+¤| ¤|-| t
s fª¤rr
·.¡ l-¤z|| +| ¤l+ª l¤l-¤n- ~l¬l-¤n ¡º:º +i -i=·i ~-=¸-i +
¤·|n ( n ¤·||l-l<·º ¤t >lº|¤| n ¤ªi+- l+¤| ª¤| t
·.. ·||·-i¤ l·¤ ¤ ¤ + + n|ª l-< z|| + ~- ª¤ l-¤ z|| +| ''¤l·¤+¤-| -+
·º| ª('' ''l¤+i t - -¤n·¬'' -·|| ''·¤|¤|· t - ·º| ª('' > lº|¤| n
¤ªi + - l+¤| ¤|-| t ¤ + ,|·| ¤l·¤+¤-| -+ ·º| ¤|- +i n z|| =
~l¤ - vl-·|¸ l-¤| +| ¤l·¤+¤-| -+ ·º|i ª: ' > º|i n ·º|| ª¤| t
·.ª ¤+ ,|·| ~-¤|¤l¬ + n¸-¤ / ·¤|¤ <· v¤l-|¤| +| n|·| -a|- t(
·¤|¤|· t- ·º| ¤|- +i nz|| = ~l¤- vl-·|¸l-¤| +| ''·¤|¤|· t- ·º|
ª('' l-¤z|| n ¤ªi+- l+¤| ª¤| t
134
5.4 The securities, which do not fall within the above two
categories, are classified under "Available for Sale".
5.5 Transfer of securities from one category to another is carried
out at the lower of acquisition cost/ book value/ market value
on the date of transfer. The depreciation, if any, on such
transfer is fully provided for.
5.6 In determining acquisition cost of an investment
a. Brokerage / commission received on subscription is
deducted from the cost of securities.
b. Brokerage, commission etc. paid in connection with
acquisition of securities are treated as revenue expenses.
c. Interest accrued up to the date of acquisition of securities
i.e. broken-period interest is excluded from the
acquisition cost and the same is accounted in interest
accrued but not due account.
5.7 Investments are valued as per RBI/ FIMMDA guidelines, on
the following basis:
Held to Maturity
i) Investments under "Held to Maturity" category are carried
at acquisition cost. Wherever the book value is higher
than the face value/redemption value, the premium is
amortized over the remaining period to maturity.
ii) Investments in subsidiaries/joint ventures/associates are
valued at carrying cost less diminution, other than
temporary, in nature.
iii) Investments in sponsored regional rural banks are valued
at carrying cost.
iv) Investment in venture capital is valued at carrying cost.
Available for Sale and Held for Trading
a) Govt. Securities
I. Central Govt. Securities At market prices/YTM as
published by Fixed Income
Money Market And
Derivatives Association of
India (FIMMDA)
II. State Govt. Securities On appropriate yield to
maturity basis as per
FIMMDA/RBI guidelines.
b) Securities guaranteed by On appropriate yield to
Central / State Government, maturity basis as per
PSU Bonds (not in the nature FIMMDA/RBI guidelines
of advances)
c) Treasury Bills At carrying cost
d) Equity shares At market price, if quoted,
otherwise at break up value
of the Shares as per latest
Balance Sheet (not more
than one year old), otherwise
at Re.1 per company
·.: ¤| vl-·|¸l-¤| -¤¤+- <|-| >lº|¤| n -ti ~|-i --t ''l¤+i t-
-¤n·¬'' >º|i + ~¬|i- ¤ªi+- l+¤| ª¤| t
·.· (+ >º|i = <¸=·i >º|i n vl-·|¸l-¤| + ~-·º| ~-·º| +i l-l·| +|
~l¬ªtº| n|ª- / ¤ti n¸-¤ / ¤|¤|· n¸-¤ ¤| ·|i +n t| ¤· l+¤|
ª¤| t ¤l< (= ~-·º| ¤· +|: n¸-¤r|= t| -| -=+ ln( ¤¸·|
v|¤·||- l+¤| ª¤| t
·.· l+=i l-¤z| +i ~l¬ªtº| n|ª- l-¬|l·- +·- n·
+. =·=l+-z|- ¤· v|-- <n|ni/+niz|- vl-·|¸l-¤| +i n|ª- =
+|ºi ª¤i t
º|. vl-·|¸l-¤| + ~l¬ªtº| + =-¤-¬ n =<·- <n|ni +niz|-
·|¤ª¤ ·¤¤| + ª¤ n n|-i ª¤i t
ª. vl-·|¸l-¤| + ~l¬ªtº| +i l-l·| -+ -¤l-- ·¤|¤ ~·||-¸
º|l÷- ~¤l¬ ·¤|¤ +| ~l¬ªtº| n|ª- = ·|º| l<¤| ¤|-| t
~|· -= -¤l-- ¤·-- - <¤ ·¤|¤ º||- n ·º|| ¤|-| t
·. ·||·-i¤ l·¤¤ ¤+ / (¤·~|
n(n÷i( + l<z||l-<z||-=|· l-¤z| +|n¸-¤- l---lnlº|- ~|¬|· ¤· l+¤| ¤|-| t·
¤ft¤¤¤ar a¤ t=r nq.
i| ''¤l·¤+¤-| -+ ·º| ª¤'' >º|i + ~¬i- l-¤z|| +| ~¤-
n|ª- ¤· ln¤| ¤|-| t ¤t| +ti ~l+- n¸-¤ / vl-<|- n¸-¤
= ¤ti n¸-¤ ~l¬+ t| -| viln¤n +| ¤l·¤+¤-| +i z|·|
~¤l¬ + ln( ¤l·z||l¬- l+¤| ¤|-| t
ii| ~-·|lª¤| / =¤+- -¤n| / =t¤|lª¤| n ~ª·||¤i l-¤z| = l·|--
¤+l- + l+¤ ª¤ l-¤z| +| n¸-¤- ·º||¤ n = r|= ·|º|+·
~¤- n|ª- ¤· l+¤| ¤|-| t
iii| v|¤|l¤- -|·|i¤ ª|niº| ¤+| n l-¤z|| +| n¸-¤|+- ·º||¤ n|ª-
¤· l+¤| ¤|-| t
iv| -¤n ¤¸ ¤i n l-¤ z|| +| n¸ -¤| +- ·º||¤ n|ª- ¤· l+¤| ¤|-| t
f¤at ra s¤¬ª¤ =rt ª¤r¤rt ra t=r n¤
¤ =t¤rtt ¤fa+r¸fa¤r
I. +-:i¤ =·+|· +i vl-·|¸l-¤| l¤·+=÷ :-+n n-i n|+º (º÷
÷ l·¤ lº·= (=| l=(z|- ~| ¤·
:l÷¤|
¤·~|n(n÷i(| ,|·|¤·| | v+| l z| - ¤| ¤ | ·
n¸-¤|/¤l·¤+¤-| ¤·
II. ·|-¤ =·+|·| +i vl-·|¸l-¤| (¤·~|
n(n÷i(/ ·||·-i¤ l·¤¤¤+ + n|ª l-<z|| + ~-=|·
-¤¤+- ¤l·¤+¤-| v|l-- ~|¬|·
¤·
º|| +:i¤/·|-¤ =·+|·| ,|·| (¤·~|
n(n÷i(/ ·||·-i¤ª|·ºiz|<| vl-·|¸l-¤| l·¤¤ ¤+ n|ª l-<z|| +
=|¤¤l-+ -|·| + -¤+n| + ~-=|· -¤¤+- ¤l·¤+¤-|
¤|º÷:~lªn| +i v+l- + -ti| v|l-- ~|¬|· ¤·
ª| º¤·i l¤n ·º||¤ n|ª- ¤·
·|| :l+¤ºi z|¤· ¤l< +|º l+¤| ª¤| t| -|
¤|¤|· n¸-¤ ¤· ~-¤·||
-¤i--n -n-¤·| :¤| (+
¤·| = ¤·|-| - t|| +
~-=|· z|¤·| + ¤+~¤
n¸-¤ ¤· ~-¤·|| vl- +¤-i
`¡/
135
e) Preference shares At market price, if quoted
or on appropriate yield to
maturity basis not exceeding
redemption value as per RBI/
FIMMDA guidelines.
f) Bonds and debentures (not At market price, if quoted, or
in the nature of advances) on appropriate yield to
maturity basis as per RBI/
FIMMDA guidelines.
g) Units of mutual funds As per stock exchange
quotation, if quoted; at
repurchase price/NAV, if
unquoted
h) Commercial paper At carrying cost
i) Certificate of Deposits At carrying cost.
j) Security receipts of ARCIL At net asset value of the
asset as declared by ARCIL
k) Venture Capital Funds At net asset value (NAV)
declared by the VCF
l) Other Investments At carrying cost less
diminution in value
The above valuation in category of Available for Sale and Held
for Trading are done scrip wise and depreciation / appreciation
is aggregated for each classification. Net depreciation for each
classification if any is provided for while net appreciation is
ignored.
5.8 Investments are subject to appropriate provisioning/ de-
recognition of income, in line with the prudential norms of Reserve
Bank of India for NPI classification. The depreciation/provision in
respect of non-performing securities is not set off against the
appreciation in respect of the other performing securities.
5.9 Profit or loss on sale of investments in any category is taken
to Profit and Loss account but, in case of profit on sale of
investments in "Held to Maturity" category, an equivalent
amount is appropriated to "Capital Reserve Account".
5.10 Securities repurchased/resold under buy back arrangement
are accounted for at original cost.
5.11 The derivatives transactions are undertaken for trading or
hedging purposes. Trading transactions are marked to market.
As per RBI guidelines, different category of swaps are valued
as under: -
Hedge Swaps
Interest rate swaps which hedges interest bearing asset or
liability is accounted for on accrual basis except the swap
designated with an asset or liability that is carried at market
value or lower of cost in the financial statement.
Gain or losses on the termination of swaps are recognized
over the shorter of the remaining contractual life of the swap
or the remaining life of the asset/ liabilities.
÷.| ~l¬n|- z|¤· ¤l< +|º l+¤| ª¤| t| -|
¤|¤|· n¸-¤ ¤· ~-¤·||
·||·-i¤ l·¤¤ ¤+/(¤·~|
n(n÷i( n|ªl-<z|| + ~-=|·
-¤¤+- ¤l·¤+¤-| ¤· l+-
vl-<|- n¸-¤ = ~l¬+ -ti
-| ¤ ¬¤·| ~| · l÷¤ -· :~lª n| ¤l< +| º l+¤| ª¤| t| -| ¤|¤ |·
+i v+l- + -ti| n¸-¤ ¤· ~-¤·|| ·||·-i¤ l·¤¤
¤+/(¤·~|
n(n÷i(n|ªl-<z|| + ~-=|· -¤¤+-
¤l·¤+¤-| vl-¤·n ¤·
¤| -¤¸-~n ¤·º÷| + ¤¸l-º ¤l< +|º l+¤| ª¤| t| -|
ªº|+ (+=-¤ + ·||¤ +
~-=|· ~|· ¤l< +|º - l+¤|
ª¤| t| -| ¤-º|·i<
n¸-¤/(-(¤i ¤·
¤.| ¤|lº|l-¤+ ¤¤· ·º||¤ n|ª- ¤·
¤| ¤n| vn|º|¤·| ·º||¤ n|ª- ¤·
~|| (~|·=i~|
n +i vl-·|¸l- ·=i< (~|·=i~|n ,|·| +i ª:·||·|º|| + ~-=|· ~|lª- +
z|z ~|lª- n¸-¤ ¤·
º| -<¸¤n ¤¸¤i l-l¬¤| -<¸¤n ¤¸¤i l-l¬¤| ,|·| +i
ª: ·||·|º|| + ~-=|· ~|lª-
+ z|z ~|lª- n¸-¤ ¤·
a| ~-¤ l-¤z| ·º||¤ n|ª- n = r|= ·|º|+·
l¤+i t- -¤n·¬ -·|| ·¤|¤|· t- ·º| ª( ¤ª n -¤¤+- n¸-¤|+-
v·¤+ lª+¤ + ln( ~nª ~nª l+¤| ¤|-| t -·|| v·¤+ ¤ªi+·º|
+ ln( n¸-¤r|=/¤lz ¤|÷i ¤|-i t ¤l< z|z n¸-¤r|= t -| v·¤+
¤ªi+·º| + ln( v|¤¬|- l+¤| ¤|-| t ¤¤l+ z|z ¤lz -ti <z||¤i
¤|-i
·.º ·||·-i¤ l·¤¤ ¤+ + (-¤i~|: ¤ªi+·º| + l¤¤+i n|-<÷| +
~-ª¤ l-¤z|| ¤· -¤¤+- v|¤¬|-i+·º| -·|| ~|¤ ~n|-¤i+·º| n|ª¸
l+¤ ¤|- t ~lªn| + ª¤ n ~-¤+ vl-·|¸l-¤| + =¤¬ n
n¸-¤r|=/ v|¤¬|- ~-¤ ~¤+ vl-·|¸l-¤| + =¤¬ n ¤lz + =n-|
=n¤- :=º ~|¤·| -ti l+¤| ª¤| t
·.º l+=i ·|i >º|i + l-¤z|| +i l¤+i = t( n|·| / t|l- +| n|·| ¤
t|l- º||- n n ¤|¤| ¤|-| t l+- '¤l·¤+¤-| t- ·º| ª¤' >º|i
+ l-¤z|| +i l¤+i = t( n|·| + n|nn n -=+ ¤·|¤· +i ·|lz|
'¤¸¤i v|·l-|- l-l¬' º||- n l¤l-¤|l¤- +i ¤|-i t
·.¡º ¤|¤= º|·i< ·¤¤ª·|| + ~--ª- ¤-·º|·i<i / ¤-· ¤-i ª¤i vl-·|¸l-¤|
+| --+i n¸n n|ª- ¤· lt=|¤ n ln¤| ¤|-| t
·.¡¡ ·¤|¤|· ~·|¤| vl-·-|| + v¤|¤- = ·¤·¤-- :÷l·¤lº·=| n-<-
l+¤ ª¤ t ·¤|¤|l·+ n-<- ¤|¤|· n¸-¤ ¤· t ·||·-i¤ l·¤¤ ¤+
+ l-<z||-=|· ~<n|¤<ni +i l¤l·|-- >lº|¤| +| l---¤-¸ n¸-¤-
l+¤| ª¤| t ·
¤fat+rr =ª¬r¤ª¬t
·¤|¤<· ~<n|¤<ni ¤| ·¤|¤ ¤|t+ ~|lª- ~·|¤| <¤-| +i vl-·-||
+·-i t +| -¤-¤ ~|¬|· ¤· nº||l+- l+¤| ¤|-| t l+=i ~|lª-
~·|¤| <¤-| + =|·| ~l·|lt- ~<n|¤<ni +| ¤|÷+·| ¤| l¤·-i¤
l¤¤·º|i n ¤|¤|· n¸-¤ ~·|¤| +n +in- ¤· ni¤| ¤|-| t
~<n| ¤<ni +i =n|l-- ¤· n|·| ¤ t|l-¤| +i ~<n|¤<ni + -¤¸--·
¤+|¤| =l¤<|ª- ¤i¤- ~·|¤| ~|lª- / <¤-| +i z|·| ~¤l¬ ¤· n|-|
¤|-| t
136
Trading Swaps
Trading swap transactions are marked to market with changes
recorded in the financial statements.
5.12Foreign currency options
Foreign currency options written by the bank with a back-to-
back contract with another bank is not marked to market since
there is no market risk.
Premium received is held as a liability and transferred to the
Profit and Loss Account on maturity/cancellation.
6. TRANSLATION OF FOREIGN CURRENCY TRANSACTIONS
& BALANCES:
a) Except advances of erstwhile London branches which
are accounted for at the exchange rate prevailing on the
date of parking in India, all other monetary assets and
liabilities, guarantees, acceptances, endorsements and
other obligations are translated in Indian Rupee
equivalent at the exchange rates prevailing at the end
of the year as per Foreign Exchange Dealers' Association
of India (FEDAI) guidelines.
b) Non-monetary items other than fixed assets are
translated at exchange rate prevailing on the date of
transaction.
c) Forward exchange contracts are translated at the year
end rates notified by FEDAI and the resultant Gain/loss
on evaluation is taken to profit & Loss Account.
d) Income and expenditure items are accounted for at the
exchange rate prevailing on the date of transaction.
e) Offices outside India / Offshore Banking Units:
(i) Operations of foreign branches and off shore
banking unit are classified as "Non-integral foreign
operations" and operations of representative
offices abroad are classified as "integral foreign
operations".
(ii) Foreign currency transactions of integral foreign
operations and non-integral foreign operations are
accounted for as prescribed by AS-11.
(iii) Exchange Fluctuation on Profit / loss of non-integral
operations are credited /debited to exchange
fluctuation reserve.
7. TAXES ON INCOME
Current tax is determined on the amount of tax payable in
respect of taxable income for the year and accordingly
provision for tax is made.
The deferred tax charge or credit is recognized using the tax
rates that have been enacted or substantially enacted by the
Balance Sheet date. In terms of Accounting Standard 22 issued
by ICAI, provision for deferred tax liability is made on the
basis of review at each Balance Sheet date and deferred tax
ª¤r¤rft¤ =ª¬r¤ª¬t
·¤|¤|l·+ ~<n|¤<ni +| n- <- l¤·-i¤ l¤¤·lº|¤| n l·+|÷ l+(
ª( ¤l·¤--| =lt- ¤|¤|· n¸-¤ +i -n-| n l-lz- l+¤| ¤|-| t
s.+z f¤ªrrt n)r f¤¤r¤
~-¤ ¤+ + =|·| ¤+ º¸ ¤+ +|-º+º + ª¤ n ¤+ ,|·| l+¤| ª¤|
l¤<z|i n:| l¤+-¤ ¤|¤|· n¸-¤ ¤· -ti t +¤|l+ :=n ¤|¤|· ¤|lº|n
-ti t
v|-- viln¤n +| < ¤-| + ª¤ n ·º|| ª¤| t ~| · ¤l·¤+¤-|/l-·ª-i+·º|
¤· n|·| ¤ t|l- º||- n ~--l·- l+¤| ª¤| t
e f¤ªrrt n)r = =¤f¤a ¬ªªª =rt rrrrr ¤r ¤ft¤aª
:+| ¤¸¤¤-i n<- z||º||~| + ~lªn| +| ¤|÷+· l¤-+| ·||·- n
~-·º| +i l-l·| +| n|ª¸ l¤l-n¤ <·| + ~|¬||· ¤· ¤l·¤--
l+¤| ¤|-| t ·||·-i¤ l¤<z|i n:| ·¤|¤|·i =·| :¤·÷|:| +
n|ªl-<z|- + ~-=|· ¤·| +i =n|l-- ¤· l¤l-n¤ <·| +
~|¬|· ¤· n|l:+ ~|lª-¤| -·|| <¤-|~| ª|·lº¤| ª¤i+l-¤|
¤·a|+-| ¤ ~-¤ <|l¤·¤| +| =n--¤ ·||·-i¤ ª¤¤ n ¤l·¤l--
l+¤| ¤|-| t
:º|| ~-n ~|lª-¤| = :-· ª· n|l:+ n<| +| ¤l·¤-- n-<- +i
l-l·| +| v·||¤i l¤l-n¤ <·| ¤· l+¤| ¤|-| t
:ª| ¤|¤<| l¤l-n¤ =l¤<|~| +| ·||·-i¤ l¤<z|i n:| ·¤|¤|·i =·|
,|·| ¤·| + ~-- n ~l¬=¸l-- l¤l-n¤ <·| ¤· ¤l·¤l-- l+¤|
¤|-| t ~|· ¤·nª¤ª¤ n¸-¤|+- ¤· t( n|·|/ t|l- +| n|·| ¤
t|l- º||- n l<º||¤| ¤|-| t
:·|| ~|¤ -·|| ·¤¤ +i n< n-<- +i -|·iº| +| v-ln- l¤<z|i
l¤l-n¤ <· ¤· ¤l·¤l-- +i ¤|-i t
:÷.| l¤<z| lª·|- z||º||( / ~¤-ºi¤ ¤l+ª :+|:¤| ·
i. l¤<z| lª·|- z||º||~| ~|· ~¤-ºi¤ ¤l+ª ¤¸l-º| +
¤l·-|n-| +| ''ª· =n|+ln- l¤<z|i ¤l·-|n-|'' n
¤ªi+- l+¤| ª¤| t ~|· l¤<z| n vl-l-l¬ +|¤|n¤| +
¤l·-|n-| +| ''=n|+ln- l¤<z|i ¤l·-|n-|'' + ª¤ n
¤ªi+- l+¤| ª¤| t
ii. =n|+ln- l¤< z| ¤l·-|n-| + l¤< z|i n :| n -< -| +| ~| ·
ª · =n|+ln- l¤< z|i ¤l·-|n-| +| n º|| +- n|-+ ((=¡¡
n l<( ª( l-¬| ·º| + ~- =|· lt=|¤ n ln¤| ¤|-| t
iii. ª· =n|+ln- ¤l·-|n-| ¤· l¤l-n¤ ·|º¤· + n|·| /
t|l- +| l¤l-n¤ ·|º¤· v|·l-|- l-l¬ n ¤n| / -|n
l+¤| ¤|-| t
z. =r¤ ¤t ¤t
¤·| + ln( +· ¤| ·¤ ~|¤ + = ¤ ¬ n = < ¤ +· +i ·|lz| ¤· -|n¸
+· +| l-¬| ·º| t| -| t -·|| -<- =|· +· + ln( v|¤¬|- l+¤|
¤|-| t
~|ª·|lª- +· v·||· ~·|¤| +l÷º +i ¤t-|- -- +· <·| +| :ª-n|n
+·- t( +i ¤|-i t ¤| -n-¤·| l-l·| ,|·| ~l¬l-¤ln- l+( ª(
~·|¤| ¤ª--· ~l¬l-¤ln- l+( ª( ~|:=i(~|: ,|·| ¤|·i nº||+-
n|-+.. +i z|-|¬i- ~|ª·|lª- +· <¤-| + ln( v|¤¬|- v·¤+
-n-¤·| l-l·| ¤· =ni-|| + ~|¬|· ¤· l+¤| ¤|-| t ~|· ~|ª·|lª-
137
assets are recognized only if there is virtual certainty of
realization of such assets in future. Deferred tax assets/
liabilities are reviewed at each Balance Sheet date based on
developments during the year.
8. EMPLOYMENT BENEFITS
• PROVIDENT FUND:
Provident fund is a defined contribution scheme as the
Bank pays fixed contribution at pre-determined rates.
The obligation of the Bank is limited to such fixed
contribution. The contributions are charged to Profit &
Loss A/c.
• GRATUITY:
Gratuity liability is a defined benefit obligation and is
provided for on the basis of an actuarial valuation
made at the end of the financial year. The scheme is
funded by the bank and is managed by a separate
trust.
• PENSION:
Pension liability is a defined benefit obligation and is
provided for on the basis of an actuarial valuation made
at the end of the financial year. The scheme is funded by
the bank and is managed by a separate trust.
• COMPENSATED ABSENCES:
Accumulating compensated absences such as Privilege
Leave (PL) and Sick Leave (including un-availed casual
leave) is provided for based on actuarial valuation.
• OTHER EMPLOYEE BENEFITS:
Other Employee benefits such as Leave Fare Concession
(LFC), Silver jubilee award, Medical Benefits etc. are
provided for based on actuarial valuation.
In respect of overseas branches and offices, the benefits
in respect of employees other than those on deputation
are accounted for as per laws prevailing in the respective
countries.
9. IMPAIRMENT OF ASSETS
Impairment loss, if any, is recognised in accordance with the
accounting standard issued in this regard by ICAI and
impairment loss on any revalued asset is treated as a
revaluation decrease.
10. REVENUE RECOGNITION
10.1 Income/expenditure (other than items referred to in
paragraph 10.4) is generally accounted for on accrual
basis.
+· ~|lª-¤| +¤n -·|i n|-¤ t|-i t ¤¤ ~|lª-¤| +i ·|l¤·¤ n
¤=¸ni t|-| ¤|ª-¤ n =l-lz-- t|-| t ~|ª·|lª- +· ~|lª-¤|/<¤-|~|
+i ¤-·i-|| ¤·| + <|·|- t: vªl- + ~|¬|· ¤· v·¤+ -n-¤·| l-l·|
+| +i ¤|-i t
s. ¤n¤rtt ¬r+r
• Hkfo"; fuf/
·|l¤·¤ l-l¬ (+ =¤l··||l·|- ~z|<|- ¤|¤-| t +¤|l+ ¤+ ¤¸¤
l-¬|l·- <·| ¤· l-lz-- ~z|<|- +| ·|ª-|- +·-| t ¤+ +|
<|l¤·¤ (= l-lz-- ~z|<|- -+ =iln- t ¤ ~z|<|- n|·| ¤
t|l- º||- n -|¤ l+( ¤|- t
• s¤ªrª
-¤<|- <¤-| (+ =¤l··||l·|- n|·| <|l¤·¤ t ~|· l¤-|i¤ ¤·| +
~- n l+( ª( ¤in|l++ n¸-¤|+- + ~|¬||· ¤· l<¤| ¤|-| t
¤t ¤|¤-| ¤+ ,|·| l¤-| ¤|l·|- t ~|· (+ ~nª ºªº ,|·|
-n|: ¤|-i t
• ¤rrª
¤z|- <¤-| (+ =¤l··||l·|- n|·| <|l¤·¤ t ~|· l¤-|i¤ ¤·| +
~- n l+( ª( ¤in|l++ n¸-¤|+- + ~|¬|· ¤· <i ¤|-i t
¤t ¤|¤-| ¤+ ,|·| l¤-| ¤|l·|- t ~|· (+ ~nª ºªº ,|·|
-n|: ¤|-i t
• +rfa¤¸fa =ª¤ftºrfa¤r
-¤l-- -|l-¤¸l- ~-¤lª·|l-¤| ¤= ~l¤- ¤lº¸º¤| ~|· ¤in|·i
+i ¤lº¸º¤| :~v¤+- ~|+lªn+ ¤lº¸º¤| =lt-| ¤in|l++
n¸-¤|+- ~|¬|· ¤· <i ¤|-i t
• =-¤ ¤n¤rtt ¬r+r
~-¤ +n-|·i n|·| ¤= ¤º¸ºi l+·|¤| l·¤|¤- l=-¤· ¤¤ni
~¤|÷ nl÷+n ¤·|¤< :·¤|l< ¤in|l++ n¸-¤|+- + ~|¬|· ¤·
l<( ¤|- t
¤t| -+ l¤<z| lª·|- z||º||~| ~|· +|¤|n¤| +| =¤¬ t
vl-l-¤l+- ¤· ª( +n-|l·¤| +| l<( ª( n|·|| + ~n|¤| ~-¤
=·|i n|·| -- <z|| n n|ª¸ +|-¸-| + ~-=|· t
v. =rfta¤r ¤t =¤=rnr-¤ar
¤l< +|: ~¤=|n|-¤ t|l-¤| t -| --+i ¤t-|- ~|:=i(~|: ,|·| :=
=-¤-¬ n ¤|·i nº||+- n|-+ + ~-=|· +i ¤|-i t ~|· l+-ti
¤-n¸-¤|l+- ~|lª-¤| ¤· ~¤=|n|-¤ t|l-¤| t: t| -| --t ¤-n¸-¤|+-
lª·|¤º + ª¤ n n|-| ¤|-| t
+o. tr¬t¤ nr-¤ar
¡º.¡ ~|¤/·¤¤ :¤·| ¡º.: n =<l·|- n<| = l·|--| +| =|n|-¤-·
-¤-¤ ~|¬|· ¤· nº||l+- l+¤| ¤|-| t
138
10.2 Income on non-performing assets is recognized on
realisation as per RBI guidelines.
10.3 Recovery in non-performing advances is appropriated
first towards recorded interest and thereafter towards
(i) arrears of instalments in term loans and (ii) principal
irregularity in other accounts. However, recovery in suit
filed (including accounts where recovery is under
SARFEASI Act), decreed accounts and compromise
cases is first appropriated towards principal or as per
terms of decree/settlement.
10.4 Commission (excluding on Government Business),
interest on overdue bills, exchange, locker rent, income
from merchant banking transactions, dividend income
and insurance claims are accounted for on realization/
settlement.
10.5 Income from interest on refund of income tax is
accounted for in the year the order is passed by the
concerned authority.
11. OTHERS
Interest on unpaid and unclaimed matured term deposits are
accounted for at savings bank rate.
¡º.. ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| + ~-=|· ~-¤+ ~|lª-¤|
= =-¤l-¬- ~|¤ +| --+i ¤=¸ni t|- ¤· n|-¤-| <i ¤|-i t
¡º.ª ~-¤+ ~lªn| n ¤=¸n +i ª: ·|lz| +| ¤tn l·+|÷ l+(
ª( ·¤|¤ n -·|| -·¤z-|-¸ :i| ln¤|<i +º|| +i ¤+|¤|
l+ª-| ~| · :ii| ~-¤ º||-| +i vn º| ~l-¤ln--| n l¤l-¤| l¤-
l+¤| ¤|-| t ¤t·t|n <|¤| <|¤· º||-| +i ¤=¸ni ::-n ¤
º||- ·|i z||lnn t|ª l¤-n =·¤·=i ~l¬l-¤n + ~--ª-
¤=¸ni t| l÷+i v|-- º||-| -·|| =n¤|- + n|nn n ¤=¸ni
+| ¤tn n¸n¬- n ~·|¤| l÷+i/=n¤|- +i z|-| + ~-=|·
l¤l-¤|l¤- l+¤| ¤|-| t
¡º.: +niz|- :=·+|·i +|·|¤|· ¤· +niz|- +| ¤|÷+·| ~l-<¤
l¤n| ¤· ·¤|¤ l¤l-n¤ n|+· l+·|( n-º ¤l+ª n-<-| =
v|-- ~|¤ ~|· -¤-~n l-l¬¤| ¤· n|·||z| ~|¤ ~|· ¤in|
<|¤| +| ¤=¸ni/l-¤º|- t|- ¤· nº||l+- l+¤| ¤|-| t
¡º.· ~|¤+· + l·¤· ÷| ¤· ·¤|¤ + ª¤ n v|-- ~|¤ +|
=-¤l-¬- v|l¬+|l·¤| ,|·| ¤|l·- ~|<z| + ¤·| n nº||l+-
l+¤| ¤|-| t
++ =-¤
¤l·¤+¤ t| -+i ln¤|<i ¤n| ·|lz|¤| +| ·|ª-|- - t~| t| -·|| --+|
<|¤| - l+¤| ª¤| t| -| -- ¤· ¤-- º||- +i <· = ·¤|¤ nª|¤|
¤|-| t
139
SCHEDULE 18
NOTES ON ACCOUNTS
1. Capital (`. in crore)
Items 31.03.2012 31.03.2011
i. CRAR (%) (Basel I) 11.59 11.76
ii CRAR - Tier I capital
(%) (Basel I) 8.52 7.99
iii CRAR- Tier II capital
(%) (Basel I) 3.07 3.77
iv. CRAR (%) (Basel II) 12.63 12.42
v. CRAR - Tier I capital
(%) (Basel II) 9.28 8.44
vi. CRAR- Tier II capital
(%) (Basel II) 3.35 3.98
vii. Percentage of the shareholding
of the Government of India
in the bank 56.10% 58%
viii. Amount of subordinated debt
raised as Lower Tier-II Capital
during the year NIL NIL
ix. Amount of subordinated debt
raised as Upper Tier-II Capital
during the year 0.00 500.00
x. Amount of perpetual bonds
raised as Tier-I Capital
during the year NIL NIL
2. Investments (` in crore)
Items 31.03.2012 31.03.2011
(1) Value of Investments
(i) Gross value of Investments 123147.24 95513.05
a In India 121787.49 94558.48
b Outside India 1359.75 954.57
(ii) Provisions for Depreciation 517.77 350.71
a In India 517.77 350.71
b Outside India 0.00 0.00
(iii) Net value of Investments 122629.47 95162.34
a In India 121269.72 94207.77
b Outside India 1359.75 954.57
(2) Movement of provisions held
towards depreciation on
investments.
i Opening balance as on
01.04.2011/01.04.2010 350.71 333.23
ii Add: Provisions made during
the year 368.90 114.88
iii Less: Write-off/
write-back of excess
provisions during the year. 201.91 97.40
iv Closing balance as on
31.03.2012/31.03.2011 517.77 350.71
=ª=¸¤t - +s
=rrar = =¤f¤a fºt¤f¢r¤r
1. ¤¸¬t (`. +·|÷ n)
nª 31.03.2012 31.03.2011
i. =i~|·(~|· (%) :¤=n| 11.59 11.76
ii =i~|·(~|·ºi¤· ¤¸¤i
(%) :¤=n| 8.52 7.99
iii =i~|·(~|·ºi¤· ¤¸¤i
(%) :¤=n| 3.07 3.77
iv. =i~|·(~|· (%) :¤=n| 12.63 12.42
v. =i~|·( ºi¤· ¤¸¤i
(%) :¤=n| 9.28 8.44
vi. =i·(~|· ºi¤· ¤¸¤i
(%) :¤=n| 3.35 3.98
vii. ¤+ n ·||·- =·+|· +i
z|¤· ¬|l·-| +| % 56.10% 58%
viii. n|~· ºi¤· ¤¸¤i + ª¤ n
¤º|( ª( ª|º| +º| +i ·|lz| z|¸-¤ z|¸-¤
ix. ~¤· ºi¤· ¤¸¤i + ª¤ n
¤º|( ª( ª|º| +º| +i ·|lz| 0.00 500.00
x. ºi¤· ¤¸¤i + ª¤ n ¤º|(
ª( ¤ln¤|<i ¤|º÷| +i ·|lz| z|¸-¤ z|¸-¤
2. fª¤rr (`. +·|÷ n)
nª 31.03.2012 31.03.2011
(1) l-¤z|| +| n¸-¤
(i) l-¤z|| +| =+n n¸-¤ 123147.24 95513.05
+ ·||·- n 121787.49 94558.48
º| ·||·- = ¤|t· 1359.75 954.57
(ii) n¸-¤r|= + ln( v|¤¬|- 517.77 350.71
+ ·||·- n 517.77 350.71
º| ·||·- = ¤|t· 0.00 0.00
(iii) l-¤z|| +| l-¤n n¸-¤ 122629.47 95162.34
+ ·||·- n 121269.72 94207.77
º| ·||·- = ¤|t· 1359.75 954.57
(2) l-¤z|| ¤· n¸-¤r|= + ln(
¬|l·- v|¤¬|-| n ·|º¤·
i º¡.º:..º¡¡/º¡.º:..º¡º
+| ~·|z|·| 350.71 333.23
ii ¤|÷ · ¤·| + <|·|- l+( ª(
v|¤¬|- 368.90 114.88
iii ·|º|( · ¤·| + <|·|- l+( ª(
~l¬+ v|¤¬|- + ln( ¤º¸º
º||- ÷|ni ª¤i/vl-lnlº|- ·|lz| 201.91 97.40
iv ª¡.ºª..º¡./ª¡.ºª..º¡¡
+| :l-z|·| 517.77 350.71
140
Hong Kong branch of the bank has taken exposure on Credit
Linked Notes, Floating Rate Notes and Fixed Interest bonds
etc. These are acquired under Investment portfolio at foreign
offices, which are governed under Trading Book Policy for PNB
Hong Kong. The bank intends to hold such instruments till its
maturity. The aggregate value of such portfolio as on the date
of balance sheet 31-03-2012 is ` 301.10 crores (previous
year `257.57crores).
3. Repo Transactions (` in crore)
Minimum Maximum Daily Average Outstanding
outstanding outstanding outstanding as on
during the during the during the 31.03.2012
year ended year ended year ended
31.03.2012 31.03.2012 31.03.2012
Securities sold
under repos
(i) Government
Securities 0.00 12500.00 2399.72 9000.00
(ii) Corporate Debt
Securities 0.00 1482.86 49.07 NIL
Securities purchased
under reverse repos
(i) Government
Securities 0.00 3200.00 183.42 1400.00
(ii) Corporate Debt
Securities 0.00 9439.31 540.42 589.32
4. Non-SLR Investment Portfolio
4a. Issuer composition of Non SLR investments
(`. in crore)
S. Issuer Amount Extent Extent of Extent Extent
No. of Private Below of of
Placement Investment 'Unrated' 'Unlisted'
Grade' Securities Securities
Securities
(1) (2) (3) (4) (5) (6) (7)
(i) PSUs 4384.00 1.92 0.00 0.71 2.63
(2823.02) (419.63) (0.00) (0.71) (11.77)
(ii) FIS 2926.16 47.35 0.00 0.00 76.62
(1717.72) (210.98) (0.00) (0.00) (96.54)
(iii) Banks 11098.67 2.00 0.00 0.00 0.00
(7475.17) (331.52) (0.00) (257.57) (2.00)
(iv) Private Corporate 2512.96 50.28 0.00 130.31 329.52
(1983.54) (313.49) (0.00) (38.98) (360.58)
(v) Subsidiaries / 1352.53 0.00 0.00 0.00 302.43
Joint Ventures (1206.50) (0.00) (0.00) (0.00) (240.38)
(vi) Others* 712.08 0.00 0.00 0.00 4.98
(613.42) (0.00) (0.00) (0.00) (0.00)
(vii) Provisions held -283.19 0.00 0.00 0.00 0.00
towards depreciation. (-257.67) (0.00) (0.00) (0.00) (0.00)
Total 22703.21 101.55 0.00 131.02 716.18
(15561.70) (1275.62) (0.00) (297.26) (711.27)
(Figures in brackets relate to previous year)
*Others include Special Govt. Securities of `. 357.56 crore (net of depreciation) shown
under Govt. Securities in Schedule 8.
¤+ +i t|ª+|ª z||º|| - +l÷º =¤z -|º| +n|lºª <· -|º| ~|· =|¤l¬
·¤|¤ ¤|º÷| ~|l< n l-¤z| l+¤| t :-t l¤<z|i +|¤|n¤| - l-¤z|
¤|º¤·|ln¤| + ~--ª- v|-- l+¤| t ¤| ¤i(-¤i t|ª+|ª + ln( ºl÷ª ¤+
-il- + ~--ª- z||l=- t ¤+ (=i lnº|-| +| ¤l·¤+¤-| -+ ~¤- ¤|=
·º|-| -|t-| t (= ¤|º¤·|ln¤| +| -n-¤·| +i -|·iº| +| ª¡.ºª..º¡. +i
lª·|l- ~-=|· +n n¸-¤ ªº¡.¡º +·|÷ ª¤¤ t :l¤¤n ¤·| ` .·.·
+·|÷|
3. t¤r ¬ªªª :` +·|÷ n|
s+.os.zo+z s+.os.zo+z s+.os.zo+z s+.os.zo+z
¤r =nrta ¤r =nrta ¤r =nrta ¤t ftºrfa
=¤f¤ ¤ =¤f¤ ¤ ªrtrª =¤f¤ ¤ ¤ =ª=rt
ªrtrª -¤¸ªan =f¤¤an ªrtrª ªfª¤ ¤¤r¤r
¤¤r¤r =r=a ¤¤r¤r
·¤| + ~--ª- ¤-i
ª: vl-·|¸l-¤|
(i) =·+|·i vl-·|¸l-¤| 0.00 12500.00 2399.72 9000.00
(ii) l-ªln- +º|
vl-·|¸l-¤| 0.00 1482.86 49.07 z|¸-¤
·¤| + ~--ª- º|·i<i
ª: vl-·|¸l-¤|
(i) =·+|·i vl-·|¸l-¤| 0.00 3200.00 183.42 1400.00
(ii) l-ªln- +º|
vl-·|¸l-¤| 0.00 9439.31 540.42 589.32
+. q= q¬ =rt = ;at fª¤rr =f¤+rrn
+¤. q= q¬ =rt = ;at fª¤rrr ¤ fªnn¤ar
:` +·|÷ n|
a. fªn n¤ar trfrr fª¬t +r·r ''fª¤ rr v ¢rt ''f¤ªr t fº n ''n t
= . n fª¤ rr ¤t = ªt¤ '' ¤t ¤t'' =¸ ¤t¤q
trfrr ¤t ¤fa+r¸ fa¤r ¤t ¤fa+r¸ fa¤r ¤fa+r¸ fa¤r
=tnr trfrr ¤t trfrr ¤t trfrr
(1) (2) (3) (4) (5) (6) (7)
(i) =·+|·i -|·| + 4384.00 1.92 0.00 0.71 2.63
-¤+n (2823.02) (419.63) (0.00) (0.71) (11.77)
(ii) l¤·-i¤ =ª·||( 2926.16 47.35 0.00 0.00 76.62
(1717.72) (210.98) (0.00) (0.00) (96.54)
(iii) ¤+ 11098.67 2.00 0.00 0.00 0.00
(7475.17) (331.52) (0.00) (257.57) (2.00)
(iv) l-¤i +|¤|·º 2512.96 50.28 0.00 130.31 329.52
(1983.54) (313.49) (0.00) (38.98) (360.58)
(v) ~-·|lª¤|/ 1352.53 0.00 0.00 0.00 302.43
= ¤ +- -¤n (1206.50) (0.00) (0.00) (0.00) (240.38)
(vi) ~-¤* 712.08 0.00 0.00 0.00 4.98
(613.42) (0.00) (0.00) (0.00) (0.00)
(vii) n¸-¤r|= + -283.19 0.00 0.00 0.00 0.00
ln( v|¤¬|- (-257.67) (0.00) (0.00) (0.00) (0.00)
¤|÷ 22703.21 101.55 0.00 131.02 716.18
(15561.70) (1275.62) (0.00) (297.26) (711.27)
:+|·a+| n l<( ª( ~|+÷ l¤¤n ¤·| + t|
* ~-¤ n ~-=¸-i º + ~--ª - =·+|·i vl-·|¸l-¤| n -l-nlº|- l¤z|·| =·+|·i vl-·|¸l-¤| +i
n¸-¤r|= + ¤|< +i ` ª·.·· +·|÷ +i l¤z|·| =·+|·i vl-·|¸l-¤| z||lnn t
141
4b Non-performing Non-SLR investments
(`. in crore)
Particulars 31.03.2012 31.03.2011
Opening balance as on 01.04.2011/.01.04.10 26.94 57.28
Additions during the year 73.48 0.00
Reductions during the year 5.86 30.34
Closing balance as on 31.03.2012/31.03.2011 94.56 26.94
Total provisions held 94.56 26.94
5. Derivatives
5a Forward Rate Agreement/ Interest Rate Swap
(`. in crore)
2011-12 2010-11
Items Hedge Trading Hedge Trading
Swaps Swaps Swaps Swaps
i. The notional principal of swap
agreements 1247.44 1425.00 1678.24 750.00
ii Losses which would be incurred
if counter parties failed to fulfill
their obligations under the
agreements 31.60 0.21 62.42 0.08
iii Collateral required by the bank
upon entering into swaps NIL NIL NIL NIL
iv Concentration of credit risk
arising from the Swaps NIL NIL NIL NIL
v The fair value of the swap book 0.09 (-)25.33 2.87 (-)19.42
Nature & Terms of the swaps including information on credit and market risk:
Hedge Swaps: Interest rate swaps for hedging Tier-II Bonds, Deposits, Floating rate
loans & back-to-back swaps.
Trading Swaps: Interest rate swaps market risk: Nil
5b. Exchange Traded Interest Rate Derivatives
(`. in crore)
S. No. Particulars Amount
(i) Notional Principal amount of exchange traded interest rate
derivatives undertaken during the year April 2011 to
March, 2012 (instrument-wise)
a) Interest Rate Futures 97.64
(ii) Notional Principal amount of exchange traded interest rate
derivatives outstanding as on 31st March, 2012 (instrument-wise) NIL
(iii) Notional Principal amount of exchange traded interest rate
derivatives outstanding and not 'highly effective' (instrument-wise) NIL
(iv) Mark-to-Market value of exchange traded interest
rate derivatives outstanding and not 'highly effective'
(instrument-wise) NIL
5c. Disclosure on risk exposure in derivatives
I Qualitative Disclosure
1. The bank uses derivatives products for hedging its own
balance sheet items as well as trading purposes. The risk-
management of derivative operation is headed by a
senior executive, who reports to the top management,
independent of the line functions. Trading positions are
marked to market on daily basis.
2. The derivative policy is framed by the Risk Management
Division, which includes measurement of credit risk and
market risk.
+=r. =ª¬¤ q= q¬ =rt = ;at fª¤rr
:` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
v|·l-·|+ z|·| º¡.º:..º¡¡/º¡.º:..º¡º +| 26.94 57.28
¤·| + <|·|- ¤lz 73.48 0.00
¤·| + <| ·|- +ni 5.86 30.34
ª¡.ºª.¡./ª¡.ºª.¡¡ :l-z|·| 94.56 26.94
+ n ¬|l·- v|¤¬|- 94.56 26.94
s. zft¤fºª¬
s¤ ¤r¤ªr ªt ¤trt . ª¤r¬ ªt =ª¬r ¤ª¬t (t¤¤¸
:` +·|÷ n|
2011-12 2010-11
nª ¤fat+rr º fz n ¤fat+rr º fz n
=ª¬r¤ª¬t =ª¬r¤ª¬t =ª¬r¤ª¬t =ª¬r¤ª¬t
i. ~<n|¤<ni +·|·| +|
~|-n|l-+ n¸n¬- 1247.44 1425.00 1678.24 750.00
ii ¤l< <¸=·| ¤-| +·|· + ~-ª-
~¤- <|l¤·¤| +| ¤¸·| -ti +·-|
-| =·||l¤- t|l- 31.60 0.21 62.42 0.08
iii ~<n|¤<ni n z||lnn t|- ¤·
¤+| ,|·| ~¤l-|- =¤|lz¤+
vl-·|¸l- z|¸-¤ z|¸-¤ z|¸-¤ z|¸-¤
iv ~<n|¤<ni + +|·º| +º| ¤|lº|n z|¸-¤ z|¸-¤ z|¸-¤ z|¸-¤
v ~<n|¤<ni ¤ti +| -l-- n¸-¤ 0.09 (-)25.33 2.87 (-)19.42
~<n| ¤<ni +i v+ l- ~| · z|- l¤-n +º| -·|| ¤|¤ |· ¤| lº|n ¤· =¸ --| =l-nln- t ·
vl-·-|| ~<n|¤<ni · ·¤|¤ <· ~<n|¤<ni ºi¤·II ¤|º÷ ¤n| ·|lz|¤| +n|lºª <· +º|| ~|· ¤+
º¸ ¤ + ~<n|¤<ni +i vl-·-|| + ln( t
ºl÷ª ~<n|¤<ni · ·¤|¤ <· n-<- ¤|¤|· ¤|lº|n · z|¸-¤
s=r q¤=¤¬ ºfzn ¤r¬ ª¤r¬ ªt zft¤fºª¬
:` +·|÷ n|
a. = f¤¤t¢r trfrr
(i) ¤·| ~v n .º¡¡ n|- .º¡. + <| ·|- (+=-¤ ºl÷ª ¤|n
·¤|¤ <· ÷l·¤lº·¤ +i ~-n|l-+ n¸n¬- ·|lz| :lnº|-¤|·|
+| ·¤|¤ <· ¤|¤<| 97.64
(ii) ª¡ n|- .º¡. +i lª·|l- + ~-=|· ¤+|¤| (+=-¤ ºl÷ª
¤|n ·¤|¤ <· ÷ l·¤ lº·¤ +i ~|- n|l-+ n¸ n¬- ·|lz| :lnº|-¤|·| z|¸-¤
(iii) (+=-¤ ºl÷ª ¤|n ·¤|¤ <· ÷l·¤lº·¤ +i (=i ~|-n|l-+
n¸n¬- ·|lz| -·|| ¤| ''~·¤l¬+ v·||¤i'' -ti t :lnº|-¤|·| z|¸-¤
(iv) (+=-¤ ºl÷ª ¤|n ·¤|¤ <· ÷l·¤lº·¤ +i ~|-n|l-+ n¸n¬-
·|lz| +| ¤+|¤| ¤|¤|· n¸-¤ :n|+ º¸n|+ º| ¤| ''~·¤l¬+
v·||¤i'' -ti t :lnº|-¤|·| z|¸-¤
s.n zft¤fºª¬ n ¬rf=rn fª¤rr =r¤-¤t ¤¤ºt¤t¢r
+. n¢rr-n¤ ¤¤ºt¤t¢r
¡. ¤+ ~¤- -n-¤·| +i vl-·-|| t- ~|· ºl÷ª v¤|¤-| =
÷l·¤lº¤ -·¤|<| +| -¤¤|ª +·-| t ÷l·¤lº¤ ¤l·-|n- +
¤|lº|n v¤-¬- +| vnº| (+ ¤l··a +|¤¤|n+ t ¤| ~¤-
=|n|-¤ +|¤| + =|·| =|·| ª¤-·| ª¤ = +|¤ +·- t( z|i·|
v¤-¬- +| := =¤¬ n =¸--| <-| t ºl÷ª +i lª·|l- <l-+
~|¬|· ¤· ¤|¤|· n¸-¤ + ~-ª¤ =¸l-- +i ¤|-i t
.. ÷l·¤lº¤ -il- ¤|lº|n v¤-¬- v·||ª ,|·| -¤|· +i ¤|-i t
l¤=n +l÷º ¤|lº|n ~|· ¤|¤|· ¤|lº|n + -¤|¤ =l-nln- t
142
3. The hedge transactions are undertaken for balance sheet
management. Proper system for reporting and
monitoring of risks is in place.
4. Policy for hedging and processes for monitoring the same
is in place.
5. Accounting policy for recording hedge and non-hedge
transactions are in place, which includes recognition of
income, premiums and discounts. Valuation of
outstanding contracts, provisioning, collateral and credit
risk mitigation are being done.
II Quantitative Disclosure (`. in Crore)
S. Particulars Currency Interest Rate Currency Interest Rate
No. Derivatives Derivatives Derivatives Derivatives
31.03.2012 31.03.2012 31.03.2011 31.03.2011
1 Derivatives (Notional
Principal Amount)
a) For Hedging (Hedge
and back to back) 440.11 1247.44 1111.88 1678.24
b) For trading 1425.00 750.00
2 Marked to Market Position (1)
Hedging
a) Asset (+) 0.09 (+)2.74
b) Liability (-)
Trading
a) Asset (+) (-)19.42
b) Liability (-) (-)25.33
3 Credit Exposure (2) 55.55 64.43 116.03 93.49
4 Likely impact of one
percentage change interest
rate (100*PV01)
(a) On hedging derivatives 0.00 -0.95
(b) On trading derivatives 6.94 -27.96
5 Maximum and Minimum
of 100*PV01 observed
during the year
(a) On hedging Maximum (-)0.01 (-)0.95
Minimum 0.00 (-)0.02
(b) On trading Maximum 13.51 (-)27.96
Minimum (-)31.58 (-)6.00
6. Asset Quality
6a Non-Performing Asset (`. in Crore)
Items 31.03.2012 31.03.2011
i) Net NPAs to Net Advances (%) 1.52% 0.85%
ii) Movement of NPAs (Gross)
Opening balance as on 1st April 4379.39 3214.41
Additions during the year 6671.64 4336.70
Reductions during the year 2331.41 3171.72
Closing balance as on
31.03.2012/31.03.2011 8719.62 4379.39
iii) Movement of Net NPAs
Opening balance as on 1st April 2038.63 981.69
Additions during the year 5251.89 2721.53
Reductions during the year 2836.29 1664.59
Closing balance as on
31.03.2012/31.03.2011 4454.23 2038.63
ª. -n- ¤·| + ln( vl-·-|| -¤|¤ l+( ¤|- t l·¤|lºª ~|·
¤|lº|n +i l-ª·|-i + ln( -¤¤+- l=ªºn n|¤¸< t
:. vl-·-|| t- -il- ~|· -=+i l-ª·|-i + ln( vl+¤|( l¤¤n|-
t
·. vl-·-|| ~| · ª · vl-·-|| º l÷ ª +| l·+|÷ +·- + ln(
nº||+- -il- l¤¤n|- t l¤=n ~|¤ ¤t-|- viln¤n ~|·
l÷ª+|- º =l-nln- t ¤+|¤| ~- ¤-¬| +| n¸ -¤| +-
v|¤¬|- =¤|lz¤+ ~|· +º| ¤|lº|n +n l+( ¤|- t
II nr·rr-n¤ ¤¤ºt¤t¢r :` +·|÷ n|
a. f¤¤t¢r n)r ª¤r¬ ªt n)r ª¤r¬ ªt
=. zft¤fºª¬ zft¤fºª¬ zft¤fºª¬ zft¤fºª¬
31.03.2012 31.03.2012 31.03.2011 31.03.2011
1 ÷l·¤lº·¤ :-|l+ +
n¸n¬- ·|lz||
+| vl-·-|| + ln(
:vl-·-|| ~| · ¤ + º¸ ¤ +| 440.11 1247.44 1111.88 1678.24
º|| ºl÷ª + ln( 1425.00 750.00
2 n|+÷ º¸ n|+º ¤|l¤z|- :¡|
vl-·-||
+| ~|lª- :-| 0.09 (+)2.74
º|| <¤-| :|
º l÷ ª
+| ~|lª- :-| (-)19.42
º|| <¤-| :| (-)25.33
3 l<¤| ª¤| +º| :.| 55.55 64.43 116.03 93.49
4 ·¤|¤ <· n ¡¤l-z|- ¤l·¤--
+| =-·||·¤ v·||¤
:¡ºº*¤i¤i º¡|
+| vl-·-|| ÷l·¤lº¤ ¤· 0.00 -0.95
º|| ºl÷ª ÷l·¤lº¤ ¤· 6.94 -27.96
5 ¤·| + <|·|- ¤|¤ ª¤ ¡ºº*
¤i¤i º¡ +| ~l¬+-n
-·|| -¤¸--n
+| vl-·-|| ¤· ~l¬+-n (-)0.01 (-)0.95
-¤¸ --n 0.00 (-)0.02
º|| ºl÷ª ¤· ~l¬+-n 13.51 (-)27.96
-¤¸ --n (-)31.58 (-)6.00
e. =rfta n¢r¤-ar
e¤ =ª¬¤ =rfta¤r :` +·|÷ n|
nª 31.03.2012 31.03.2011
i) l-¤n ~lª n| +i -n-| n l-¤n ~-¤ + ~|lª-¤| (%) 1.52% 0.85%
ii) ~-¤ + ~|lª-¤| :=+n| n ·|º¤·
¡ ~v n +| v|·l-·|+ z|·| 4379.39 3214.41
¤·| + <|·|- ¤lz 6671.64 4336.70
¤·| + <|·|- +ni 2331.41 3171.72
:l-z|·|
ª¡.ºª..º¡./ª¡.ºª..º¡¡ +| 8719.62 4379.39
iii) l-¤n ~-¤+ ~|lª-¤| n ·|º¤·
v|·l-·|+ z|·| º¡.º:..º¡º/º¡.º:..ººº +| 2038.63 981.69
¤·| + <|·|- ¤lz 5251.89 2721.53
¤·| + <| ·|- +ni 2836.29 1664.59
:l-z|·|
ª¡.ºª..º¡./ª¡.ºª..º¡¡ +| 4454.23 2038.63
143
iv) Movement of provision for NPAs
(excluding provisions on Standard assets)
Opening balance
(as on 01.04.2011/2010) 2296.75 2180.05
Provisions made during the year (gross) 2576.11 904.11
Write-off/write back of excess provision 688.80 787.41
Closing balance as on
31.03.2012/31.03.2011 4184.06 2296.75
v) Provisioning Coverage Ratio 62.73% 73.21%
6b. Particulars of Accounts Restructured:
( `. in crores)
CDR SME Debt Others*
Mech- Restru- (non-
anism* cturing* CDR)
Standard advances
restructured No. of Borrowers 19 163 268
Amount outstanding 2008.93 550.00 12247.73
Sacrifice (diminution in the fair value) 289.64 10.17 189.64
Sub standard
advances
restructured No. of Borrowers 0 8 5
Amount outstanding 0.00 15.62 511.64
Sacrifice (diminution in the fair value) 0.00 0.45 8.07
Doubtful advances
restructured No. of Borrowers 0 0 0
Amount outstanding 0.00 0.00 0.00
Sacrifice (diminution in the fair value) 0.00 0.00 0.00
TOTAL No. of Borrowers 19 171 273
Amount outstanding 2008.93 565.62 12759.37
Sacrifice (diminution in the fair value)* 289.64 10.62 197.71
*Provision calculation on DRM (SME) and others (non-CDR) @5% on amount
restructured upto `. 1 crore and actual basis on amount of `. 1 crore & above. In case
of CDR accounts provision calculation has been made on actual basis.
6c Details of financial assets sold to Securitisation/
Reconstruction Company (SC/RC) for Asset Reconstruction
(`. in crore)
Items 31.03.2012 31.03.2011
i. No. of Accounts 15 3
ii. Aggregate value (net of provisions) of
accounts sold to SC/RC 1.86 1.05
iii. Aggregate consideration 27.92 3.95
iv. Additional consideration realized in
respect of accounts transferred in earlier
years 0.00 6.52
v. Aggregate gain/loss over net book value 26.06 2.90
6d Details of non-performing financial assets purchased/sold
A. Details of non-performing financial assets purchased:
( `. in crore)
Particulars 31.03.2012 31.03.2011
1 (a) No. of accounts purchased during the year NIL NIL
(b) Aggregate outstanding NIL NIL
2 (a) Of these, number of accounts restructured
during the year NIL NIL
(b) Aggregate outstanding NIL NIL
iv) ~-¤+ ~|lª-¤| + ln( v|¤¬|-| n ·|º¤·
:n|-+ ~|lª-¤| = =-¤l-¬- v|¤¬|-| +| ¤|÷+·|
v|·l-·|+ z|·|
:º¡.º:..º¡¡/º¡.º:..º¡º +|| 2296.75 2180.05
¤·| + <| ·|- l+( ª( v|¤¬|- :=+n| 2576.11 904.11
~l-l·+- v|¤¬|-| +| ¤º¸º º||- ÷|n-|/¤-·|+- 688.80 787.41
:l-z|·|
ª¡.ºª..º¡./ª¡.ºª..º¡¡ +| 4184.06 2296.75
v) v|¤¬|-i+·º| +¤·¤ ~-¤|- 62.73% 73.21%
e=r ¤ª. =tf¤a =rrar ¤r f¤¤t¢r
:` +·|÷ n|
=t zt q=qn; =- ¤*
=rt =¢r (=t zt
¤qfa* ¤ª. =rt
=t¤ªr* = f+r-ª
¤-· =·l--
n|-+ ~lªn +lº|¤| +i =º¤| 19 163 268
¤+|¤| ·|lz| 2008.93 550.00 12247.73
n|¤· +i ª¤i ·|lz| :-l-- n¸ -¤ n +ni | 289.64 10.17 189.64
¤-· =·l--
~n|-+ ~lªn +lº|¤| +i =º¤| 0 8 5
¤+|¤| ·|lz| 0.00 15.62 511.64
n|¤· +i ª¤i ·|lz| :-l-- n¸ -¤ n +ni | 0.00 0.45 8.07
¤-· =·l--
=l<·¬ ~lªn +lº|¤| +i =º¤| 0 0 0
¤+|¤| ·|lz| 0.00 0.00 0.00
n|¤· +i ª¤i ·|lz| :-l-- n¸ -¤ n +ni | 0.00 0.00 0.00
¤|÷ +lº|¤| +i =º¤| 19 171 273
¤+|¤| ·|lz| 2008.93 565.62 12759.37
n|¤· +i ª¤i ·|lz| :-l-- n¸ -¤ n +ni |* 289.64 10.62 197.71
*÷i~|·(n
= (n : | -·|| ~-¤ :=i÷i~|· = l·|--| ¤· v|¤¬|- +i ªº|-| ¤ -· = ·l-- ` ¡ +·| ÷ -+ + ln(· ¤ l-z|- +i <· = -·|| ` ¡ +·|÷ = ~l¬+ + ln( ¤|ª-l¤+ ~|¬|· ¤· +i ª¤i t =i÷i~|· º||-| + =¤¬ n
v|¤¬|- +i ªº|-| ¤|ª-l¤+ ~|¬|· ¤· +i ª¤i t
en =rfta¤r ¤t ¤ª.=t¤ªr ra ¤fa+r¸fa¤t¢r . ¤ª. =t¤ªr ¤r¤ªt
¤r ¤¤t n; f¤-at¤ =rfta¤r ¤r ª¤rtr
:` +·|÷ n|
nª 31.03.2012 31.03.2011
i. º||-| +i =º¤| 15 3
ii. (==i/~|·=i +| ¤- ª( º||-| +| +n n¸-¤
:v|¤¬|-| +| ¤|÷+·| 1.86 1.05
iii. +n vl-¤·n ·|lz| 27.92 3.95
iv. l¤¤n ¤·|| n ~-l·- l+( ª( º||-| + =-¤-¬ n
v|-- ~l-l·+- vl-¤·n ·|lz| 0.00 6.52
v. l-¤n ¤ti n¸-¤ +i -n-| n +n n|·| / t|l- 26.06 2.90
err =rttªt n¤t .¤¤t n¤t =ª¬¤ f¤-at¤ =rfta¤r ¤ ª¤rt
¤. =rttªt n¤t =ª¬¤ f¤-at¤ =rfta¤r ¤ ª¤rt
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
1 :+| ¤·| + <| ·|- º|·i< ª( º||-| +i =º¤| z|¸-¤ z|¸-¤
:º|| +n ¤+|¤| z|¸-¤ z|¸-¤
2 :+| :-n = ¤·| + <|·|- ¤-·=·l-- º||-|
+i =º¤| z|¸-¤ z|¸-¤
:º|| +n ¤+|¤| z|¸-¤ z|¸-¤
144
B. Details of non-performing financial assets sold to Banks/FIs/
NBFCs:
( `. in crore)
Particulars 31.03.2012 31.03.2011
1 No. of accounts sold during the year NIL NIL
2 Aggregate outstanding NIL NIL
3 Aggregate consideration received NIL NIL
6e Provisions on Standard Assets
( `. in crore)
Particulars 31.03.2012 31.03.2011
Provided during the year 509.67 259.20
Cumulative Balance (included under "Other Liabilities
& Provisions" in Schedule 5 to the balance sheet) 1467.31 957.64
7 Business Ratios
Items 31.03.2012 31.03.2011
i. Interest Income as a percentage to Working Funds 8.89% 8.11%
ii. Non-Interest Income as a percentage to Working Funds 1.03% 1.09%
iii. Operating profit as a percentage to Working Funds 2.59% 2.72%
iv. Return on Assets 1.19% 1.34%
v. Business (Deposits plus advances) per employee (`. in lacs) 1131.99 1017.80
vi. Profit per employee (`. in lacs) 8.42 8.35
Note: Working Funds are based on Monthly Average
8. Asset Liability Management
Maturity Pattern of certain item of assets and Liabilities
(`. in crore)
Maturity Deposits Advances Investments Borrowings Foreign Foreign
Pattern (gross) Currency currency
Assets liabilities
Next day 4691.34 13860.94 3.58 117.47 1602.28 422.17
(4466.63) (9918.47) (00.00) (0.00) (357.75) (1152.23)
2 days-7days 8125.81 6390.20 843.30 2177.85 2940.97 2725.19
(11426.13) (4940.21) (99.89) (8013.95) (322.61) (1075.30)
8-14 days 5337.64 4261.42 174.58 10733.24 1364.86 938.97
(4585.12) (4864.84) (262.34) (0.00) (478.74) (275.27)
15-28 days 4594.39 6151.19 248.55 1421.45 1960.94 1320.50
(8583.24) (6726.54) (668.97) (0.00) (1471.68) (1194.05)
29 days to 3 months 31685.90 12000.26 11355.08 290.76 9871.91 8963.19
(36519.00) (11127.40) (7617.13) (2604.25) (4026.77) (5182.24)
Over 3 Months 38895.07 9310.24 3020.94 5686.28 10185.25 7335.31
to 6 months (10665.43) (13277.89) (1541.26) (3854.03) (6456.26) (3971.17)
Over 6 Months 56238.31 50070.74 3378.19 1032.76 3568.67 3483.34
to 1 year (38411.28) (31700.45) (2518.16) (1405.27) (4467.88) (2877.55)
Over 1Year to 3 Years 143044.85 134808.53 13208.57 5166.13 4334.87 3109.34
(124030.55) (109496.67) (10302.92) (4576.18) (2465.73) (2340.36)
Over 3 Years to 5 Years 3211.74 27842.53 18492.21 1969.26 1823.24 297.48
(2768.74) (23555.58) (14558.75) (957.87) (541.08) (513.15)
Over 5 Years 83763.43 29078.72 72422.26 8669.07 1236.51 724.71
(71442.61) (26498.62 (57943.63) (10178.14) (747.56) (442.93)
Total 379588.48 293774.76 123147.26 37264.27 38889.50 29320.20
(312898.73) (242106.67) (95513.05) (31589.69) (21336.06) (19024.25)
(Figures in brackets relate to previous year)
º| ¤+|/ l¤·-i¤ =ª·||~|/ ª· ¤l+ª l¤·-i¤ +-¤l-¤| +| ¤-i ª¤i
~-¤+ l¤·-i¤ ~|lª-¤| + ·¤|·
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
1 ¤·| + <|·|- ¤- ª( º||-| +i =º¤| z|¸-¤ z|¸-¤
2 +n ¤+|¤| z|¸-¤ z|¸-¤
3 +n v|-- vl-¤·n z|¸-¤ z|¸-¤
ez. nrª¤ =rfta¤r =r¤-¤t ¤r¤¤rª
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
¤·| + <| ·|- l+¤| ª¤| v|¤¬|- 509.67 259.20
=-¤i z|·| :-n-¤·| +i ~-=¸-i · n ''~-¤ <¤-|(
~| · v|¤¬|-'' + ~--ª - =l-nln-| 1467.31 957.64
z ¤rtr¤rtt =ª¤ra
nª 31.03.2012 31.03.2011
i. +|¤ +|·i l-l¬¤| + vl-z|- + ª¤ n ·¤|¤ ~|¤ 8.89% 8.11%
ii. +|¤ +|·i l-l¬¤| + vl-z|- + ª¤ n ª · ·¤|¤ ~|¤ 1.03% 1.09%
iii. +|¤ z|in l-l¬¤| + vl-z|- + ª¤ n ¤l·-|n- n|·| 2.59% 2.72%
iv. ~|lª-¤| = vl-¤·n 1.19% 1.34%
v. vl- +n-|·i +|·|¤|· :¤n| -·|| ~lªn| :` n|º| n| 1131.99 1017.80
vi. vl- +n -|·i n|·| :` n|º| n| 8.42 8.35
-|º +|¤ +|·i l-l¬¤| n|l=+ ~| =- ¤· ~|¬|l·- t
s. =rfta ª¤ar ¤¤-¤ª
=rfta¤r =rt ª¤ar=r ¤t ¤ø nªr ¤r ¤ft¤¤¤ar t¤=¤
:` +·|÷ n|
¤ft¤¤¤ar ¬nr =fnn fª¤rr s¤rt f¤ªrrt f¤ªrrt
t¤=¤ trfrr¤r (=¤¬¸ n)r n)r
=rfta¤r ª¤arq
~|ª|ni l<- 4691.34 13860.94 3.58 117.47 1602.28 422.17
(4466.63) (9918.47) (00.00) (0.00) (357.75) (1152.23)
. l<- l<- 8125.81 6390.20 843.30 2177.85 2940.97 2725.19
(11426.13) (4940.21) (99.89) (8013.95) (322.61) (1075.30)
º¡: l<- 5337.64 4261.42 174.58 10733.24 1364.86 938.97
(4585.12) (4864.84) (262.34) (0.00) (478.74) (275.27)
¡·.º l<- 4594.39 6151.19 248.55 1421.45 1960.94 1320.50
(8583.24) (6726.54) (668.97) (0.00) (1471.68) (1194.05)
.º l<- = ª nti- 31685.90 12000.26 11355.08 290.76 9871.91 8963.19
(36519.00) (11127.40) (7617.13) (2604.25) (4026.77) (5182.24)
ª nti- = ~l¬+ 38895.07 9310.24 3020.94 5686.28 10185.25 7335.31
-·|| · nti- -+ (10665.43) (13277.89) (1541.26) (3854.03) (6456.26) (3971.17)
· nti- = ~l¬+ 56238.31 50070.74 3378.19 1032.76 3568.67 3483.34
-·|| ¡ ¤·| -+ (38411.28) (31700.45) (2518.16) (1405.27) (4467.88) (2877.55)
¡ ¤·| = ~l¬+ 143044.85 134808.53 13208.57 5166.13 4334.87 3109.34
-·|| ª ¤·| -+ (124030.55) (109496.67) (10302.92) (4576.18) (2465.73) (2340.36)
ª ¤·| = ~l¬+ 3211.74 27842.53 18492.21 1969.26 1823.24 297.48
· ¤·| -+ (2768.74) (23555.58) (14558.75) (957.87) (541.08) (513.15)
· ¤·| = ~l¬+ 83763.43 29078.72 72422.26 8669.07 1236.51 724.71
(71442.61) (26498.62 (57943.63) (10178.14) (747.56) (442.93)
¤| ÷ 379588.48 293774.76 123147.26 37264.27 38889.50 29320.20
(312898.73) (242106.67) (95513.05) (31589.69) (21336.06) (19024.25)
:+|·a+| n l<( ª( ~|+÷ l¤¤n ¤·| + t|
145
9 Exposures:
9a Exposure to Real Estate Sector
(`. in crore)
Category 31.03.2012 31.03.2011
(A) Direct Exposure
i. Residential Mortgages -
Lending fully secured by mortgages on
residential property that is or will be occupied
by the borrower or that is rented includes
(individual housing loans `. 11338.15 crore
as on 31.03.2012 upto `.20 lakh and
`. 11324.16 crore as on 31.03.2011
upto `20 lakh) 24605.66 21972.26
ii. Commercial Real Estate - including NFB limits
Lending secured by mortgages on commercial
real estates (office buildings, retail space,
multi-purpose commercial premises,
industrial or warehouse space, land
acquisition, development and construction
etc.) Exposure would also include non-fund
based (NFB) limits. 16119.23 16243.11
iii. Investments in Mortgage Backed Securities
(MBS) and other securitised exposures -
(a) Residential 0.87 2.71
(b) Commercial Real Estate 0.00 0.00
(B) Indirect Exposure
Fund based and non fund based exposures on
National Housing Bank (NHB) and Housing
Finance Companies (HFCs) Including investments
of `329.23 crores as on 31.03.2012 and
`.372.12 crores as on 31.03.2011 7748.83 4469.69
Total Exposure to Real Estate Sector 48474.59 42687.77
9b. Exposure to Capital Market
(`. in crore)
Particulars 31.03.2012 31.03.2011
1. Direct investment in equity shares, convertible
bonds, convertible debentures and units of equity
oriented mutual funds the corpus of which is not
exclusively invested in corporate debt; 2277.28 1862.86
2. Advances against shares/bonds/debentures or
other securities or on clean basis to individuals
for investment in shares (including IPOs/ESOPs)
convertible bonds, convertible debentures, and
units of equity oriented mutual funds; 5.12 6.13
3. Advances for any other purposes where shares
or convertible bonds or convertible debentures or
units of equity oriented mutual funds are taken as
primary security; 104.26 69.92
4. Advances for any other purposes to the extent
secured by the collateral security of shares or
convertible bonds or convertible debentures or
units of equity oriented mutual funds i.e. where
the primary security other than shares/convertible
bonds/convertible debentures/units of equity
oriented mutual funds does not fully cover
the advances 750.49 862.80
5. Secured and unsecured advances to stock brokers
and guarantees issued on behalf of stock brokers
and market makers 334.66 392.47
6. Loans sanctioned to corporate against the security
of shares/bonds/debentures or other securities or
on clean basis for meeting promoter's contribution
to the equity of new companies in anticipation of
raising resources; NIL NIL
7. Bridge loans to companies against expected equity
flows/issues; NIL NIL
v =¢r
v¤ tºrr¤t =¤ªr +r·r ¤r =¢r
:` +·|÷ n|
v¢rt 31.03.2012 31.03.2011
:~| v·¤-| +º|
i. ~|¤|=i¤ =-¤l-| ¤ ¬+ ·
~|¤|=i¤ =-¤-| ¤| +º|i ,|·| ~l¬+|· n ni
ª: t ¤| ni ¤|¤ªi ¤| l+·|¤ ¤· <i ª: t ¤-¬+
,|·| ¤¸º| -· vl-·|¸- +º| :ª¡.ºª..º¡. +| ` .º n|º|
-+ + ` ¡¡ªªº.¡· +·|÷ + -·|| ª¡.ºª..º¡¡ +|
` .º n|º| -+ + ` ¡¡ª.:.¡· +·| ÷ + ¤ ¤l+-+
~|¤|=i¤ +º| z||lnn t | 24605.66 21972.26
ii. ¤|lº|l-¤+ ª·||¤· =¤<| ª · l-l¬ ~|¬|l·-
=in|~| =lt- ¤ +º| ¤|lº|l-¤+ ª·||¤· =¤<| ¤·
¤¬+ + =¤- ,|·| =·l-|- l+( ¤|¤ª ::-n +|¤| n¤
+| ·|¤- º| <·| +|·| ¤|· +| ª·||- ¤t -ª z|i¤ ¤|lº|l-¤+
¤l·=· ~| ¤|lª+ ~·|¤| ª|<|n +| ª·||- ·|¸ln -= ¤·
l+¤| ª¤| l¤+|= ~| · l-n| º| ~|l< z||lnn t|ª |
:- +º|| n ª· l-l¬ ~|¬|l·- =in|( ·|i z||lnn t|ªi 16119.23 16243.11
iii. ¤¬+ =nl·| - vl-·|¸l-¤|
n ¤i (=| n l-¤z|~| · ~-¤ vl-·|¸- +º|
:+| ~|¤|=i¤ 0.87 2.71
:º|| ¤|lº|l-¤+ ª·||¤· =¤<| 0.00 0.00
:~|| ~v·¤-| +º|
·|·ºi¤ ~|¤|= ¤ +
- (- ¤i| ~| · ~|¤|= l¤·- +-¤l-¤|-(-(¤·=i| + =-¤-¬ n l-l¬ ~|¬|l·- -·|| ª · l-l¬~|¬|l·- +º| :=n ª¡.ºª..º¡. +| ` ª.º..ª +·| ÷ +
l-¤z| -·|| ª¡.ºª..º¡¡ +| ` ª..¡. +·|÷ +
l-¤z| =l-nln- t 7748.83 4469.69
ª·||¤· =¤<| -|·| +| +n +º| 48474.59 42687.77
v=r ¤¸¬t ¤r¬rt ¤r =¢r
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
1. :l+¤ºi z|¤·| ¤l·¤--i¤ ¤¬¤·|| ¤l·¤--i¤ +º|
¤·|| ~|· :l+¤ºi --nº| -¤¸-~n ¤·÷| + ¤¸l-º|
n v·¤-| l-¤z| ¤| l-ªln- +º| +i n¸n l-l¬ n
ti (+ n|·| l-¤z| -ti t 2277.28 1862.86
2. z| ¤·| :~|: ¤i~| /: (=~| ¤i =l-nln- t | ¤l·¤- -i¤ ¤ ¬¤·||
¤l·¤--i¤ +º| ¤·| ~|· :l+¤ºi --nº| -¤¸-~n ¤·÷| n
l-¤z| + ln( ·¤l·º¤| +| z|¤·|/¤¬ ¤·||/+º| ¤·|| ¤|
~-¤ vl-·|¸l-¤| +i vl-·|¸l- ¤· ¤| ~vl-·|¸- ~lª n 5.12 6.13
3. fdlh vU; ç;ks tu ds fy, vfxz e tgka 'ks ;jks a ;k ifjorZ uh;
ca / i=kks a a ;k ifjorZ uh; ½.k i=kks a ;k bfDoVh mUeq [k E;w pq vy
iQa a Mks a ds ;w fuVks a dks çkFkfed çfrHkw fr ds :i es a j[kk x;k gks A 104.26 69.92
4. l+=i ~-¤ v¤|¤- + ln( ~lªn ¤t| z|¤·| ¤| ¤l·¤--i¤
¤|÷ ¤l·¤--i¤ l÷¤-· ~|· :l+¤ºi --nº| -¤¸-~n ¤·÷| +
¤¸l-º| +i =-¤|l>¤+ vl-·|¸l- -+ vl-·|¸l- <i ª: t| ~·||-¸
¤t| ¤l·¤--i¤ ¤|º÷ / ¤l·¤--i¤ +º| ¤·||/:l+¤ºi --nº|
-¤¸-~n ¤·÷| + ¤¸l-º| = l·|-- v|·|ln+ vl-·|¸l- ~lªn|
+| ¤¸·i -·t +¤· -ti +·-i t 750.49 862.80
5. ªº|+ ¤|+·| +| vl-·|¸- -·|| ~vl-·|¸- ~lªn ~|·
ªº|+ ¤|+·| -·|| n|l+º n+·| +i ~|· = <i
ª: ª|·lº¤| 334.66 392.47
6. ==|¬|-| + ¤·- +i =·||¤-| n -¤i +-¤l-¤| +i :l+¤ºi
+ vl- v¤-+| + ~z| +| ¤¸·| +·- + ln( z|¤·|/¤|º÷|/
+º| ¤·|| ¤| ~-¤ vl-·|¸l-¤| +i vl-·|¸l- ¤· ¤| l¤-|
vl-·|¸l- + l-ªln- =ª·||~| +| ª¤i+- l+¤| ª¤| +º| z|¸-¤ z|¸-¤
7. laHkkfor bfDoVh izokgksa@fuxZeksa ds izfr dEifu;ksa dks iwjd
½.k z|¸-¤ z|¸-¤
146
8. Underwriting commitments taken up by the banks
in respect of primary issue of shares or convertible
bonds or convertible debentures or units of equity
oriented mutual funds; NIL NIL
9. Financing to stock brokers for margin trading NIL NIL
10. All exposures to Venture Capital funds (both
registered and unregistered) 570.90 610.68
Total Exposure to Capital Market 4042.71 3804.86
9c. Risk Category wise Country Exposure
Bank's net funded exposure for risk category-wise country
exposures for each country is less than 1% of bank's assets as
on 31.03.2012 and as such no provision is required in terms
of RBI Master Cir. No. DBOD NO. BP.BC.12/21.04.048/2011-
12 dated July 1, 2011.
9d. Details of Single Borrower Limit and Group Borrower Limit
exceeded by the bank.
"The Bank has not exceeded prudential exposure ceilings in
respect of any Group Accounts and individual borrowers during
period 01.04.2011 to 31.03.2012".
9e. Unsecured Advances:
(`. in crores)
Particulars 31.03.2012 31.03.2011
1. Total amount of advances for which intangible
securities such as charge over the rights,
licenses, authority etc. has been included in
Sch.9 under 'Unsecured Advances' 2128.62 2033.32
2. Estimated value of intangible collaterals 2789.56 1778.53
10. Amount of provision made for income tax during the year
(`. in crore)
31.03.2012 31.03.2011
Current income tax 2192.38 2145.50
Provision for earlier years 0.00 -44.69
Deferred tax 45.05 24.14
11. Disclosure of penalties imposed by the RBI:
During the year no penalty has been imposed by RBI on the bank.
Other Disclosures required by Accounting Standards
12. AS -5 Prior Period and Change in Accounting Policy
There were no material prior period income/expenditure items
requiring disclosure under AS-5.
13. AS- 6 Depreciation accounting
Break up of total depreciation for the year for each class of
assets
(`. in crore)
Class of assets 31.03.2012 31.03.2011
Premises 7.41 8.08
Other fixed assets 267.22 227.58
Leased assets 0.07 0.06
Computer software 17.56 20.13
Total 292.26 255.85
8. z|¤·| ¤| ¤l·¤--i¤ ¤¬ ¤·|| ¤| ¤l·¤--i¤ +º| ¤·||
¤| :l+¤ºi --nº| -¤¸-~n ¤·÷| + ¤¸l-º| + v|:n·i
:z¤¸ + =-¤-¬ n ¤+| ,|·| t|ni<|·i vl-¤z-|( z|¸-¤ z|¸-¤
9. n|l¤- ºl÷ª + ln( ªº|+ ¤|+·| +| l¤-| z|¸-¤ z|¸-¤
10. -¤n ¤¸¤i l-l¬¤| :¤¤i+- ~|· ª· ¤¤i+- <|-|| +|
=nª- +º| 570.90 610.68
¤¸¤i ¤|¤|· +| +n +º| 4042.71 3804.86
vn ¬rf=rn v¢rt¤rt ªrr =r¤-¤t q¤=¤r¬t
v·¤+ <z| + ln( ¤+ +i z|z l-l¬¤| +| ¤|lº|n >º|i¤|· <z|i¤
(+=¤|¤· ¤+ +i ª¡.ºª..º¡. +i ~|lª-¤| + ¡¤l-z|- = +n t
~-· ·||·-i¤ l·¤¤ ¤+ + n|ªº· ¤l·¤·| =º¤| ÷i¤i~|÷i · =º¤|
¤i¤i · ¤i=i. ¡./.¡.º:.º:º/.º¡¡¡. l<-|+ º¡.º..º¡¡ + ~-=|·
+|: v|¤¬|- ~¤l-|- -ti t
vrr ¤¤ çrtr q¤¬ s¤rt¤ar =tnr aºrr =n¸r s¤rt¤ar =tnr ¤
sr¬rrª ¤ ª¤rt
'¤+ - º¡.º:..º¡¡ = ª¡.ºª..º¡. + <|·|- l+=i =n¸t º||- +
=-¤-¬ n l¤¤+¤¸º| =in|~| +| --n·|- -ti l+¤| t ''
vz. =¤fa+r¸a =fnn.
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
1. ~lª n| +i ¤t +n ·|lz| l¤=+ ln( ~n¸-
~|lª-¤| ¤= ~l¬+|·| ~-al--¤| v|l¬+|·|
~|l< ¤· +º| ·||· +| ''~vl-·|¸- ~lª n'' +
~--ª - ~-=¸-i º n z||lnn l+¤| ª¤| t 2128.62 2033.32
2. ~n¸- =¤|l>¤+ vl-·|¸l-¤| +| ~-n|l-- n¸-¤ 2789.56 1778.53
+o o"kZ ds nkSjku vk;dj gsrq fd;s x;s çko/ku dh jkf'k
:` +·|÷ n|
31.03.2012 31.03.2011
¤- n|- ~|¤+· 2192.38 2145.50
¤¸¤¤-i ¤·|| + ln( v|¤¬|- 0.00 -44.69
~|ª·|lª- +· 45.05 24.14
++. ft¬¤ ¤¤ çrtr ¬nr¤t n¤t rrrfta¤r ¤r ¤¤ºt¤t¢r .
·||·-i¤ l·¤¤ ¤+ - ¤·| + <|·|- +|: z||lª- -ti nª|: t
¬=rr nrª¤r çrtr =¤f+ra =-¤ ¤¤ºt¤t¢r
+z. ¬=rr nrª¤-s ¤¸¤-=¤f¤ =rt ¬=rr¤ª ªtfa n ¤ft¤aª
nº|| n|-+· + ~¬i- ¤¸¤ ~¤l¬ + ~|¤ / ·¤¤ + +|: nt·¤¤¸º|
v+ºi+·º| ~¤l-|- -ti t
+s. ¬=rr nrª¤-e . n¸r¤çr= ¬=rr f¤f¤
¤·| n ~|lª-¤| + v·¤+ ¤ª + ln( l+( ª( n¸-¤r|= +| ·¤|·|
:` +·|÷ n|
=rfta v¢rt 31.03.2012 31.03.2011
¤l·=· 7.41 8.08
~-¤ ~-n ~|lª-¤| 267.22 227.58
¤º¸º ¤|ni ~|lª-¤| 0.07 0.06
+--¤¸º· =|+º¤¤· 17.56 20.13
¤| ÷ 292.26 255.85
147
14. AS- 9 Revenue Recognition:
Certain items of income are recognized on realization basis as
per Accounting Policy No. 10(4). However, the said income is
not considered to be material.
15. AS 11- Changes in foreign exchange rates:
Movement of foreign currency translation reserve
(`. In Crore)
Particulars Amount
Balance as at 1st April 2011 -2.66
Credited during the period 1.4.11 to 31.03.2012 9.74
Withdrawn during the period -8.73
Balance as at 31.03.2012* (-)1.65
*included under "Other Assets"-Schedule 11 and provided for.
16. AS 15 - Employees Benefits:
ADOPTION OF AS - 15(R):
The Bank has adopted Accounting Standard 15(R) - Employee
Benefits, issued by the Institute of Chartered Accountants of
India (ICAI), with effect from 1st April 2007.
The Bank recognizes in its books of accounts the liability arising
out of Employee Benefits as the sum of the present value of
obligation as reduced by fair value of plan assets on the Balance
Sheet date.
In case of Other Long term employee benefits (LFC, Sick leave,
Silver Jubilee Award etc.) the transitional liability outstanding
for these benefits as on 01.04.2011 was ` 43.60 crores. The
same has been charged to Profit & Loss account during the
current year.
OPENING OF PENSION OPTION TO EMPLOYEES AND
ENHANCEMENT IN GRATUITY LIMITS
During the year 2010-11 the Bank reopened the pension
option for such of its employees who had not opted for the
pension scheme earlier. As a result 33982 employees had
exercised the option, the bank incurred a liability of
Rs.2757.65 crores. Further during the year 2010-11 the limit
of gratuity payable to the employees of the banks was also
enhanced pursuant to the amendment to the Payment of
Gratuity Act, 1972. As a result the gratuity liability of the
Bank had increased by Rs.566.00 crores. These Liabilities were
calculated on the basis of actuarial valuation.
In terms of the requirements of the Accounting Standard (AS)
15, Employee Benefits, the entire of `3323.65 crores.
(`2757.65 cr. + `566.00 cr.) were required to be charged to
the Profit and Loss Account. However, the RBI has issued a
circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated 9th
February 2011, on "Re-opening of Pension Option to
Employees of Public Sector Banks and Enhancement in Gratuity
Limits-Prudential Regulatory Treatment". In accordance with
the provisions of the said Circular, the Bank had charged off
`664.73 crores representing one-fifth of ` 3323.65 crores to
Profit & Loss Account for this year (`664.73crore already
++. ¬=rr nrª¤ v. tr¬t¤ nr-¤ar
~|¤ +i +¤ n<| +i n|-¤-| nº|| -il- =º¤| ¡º ::| + ~-=|·
¤=¸ni ~|¬|· ¤· +i ¤|-i t ¤t·t|n -+- ~|¤ -ªº¤ t
+s. ¬=rr nrª¤ ++ . f¤ªrrt f¤fªn¤ ªtr n ¤ft¤aª
l¤<z|i n:| ¤l·¤-- v|·l-|- n ·|º¤·
:` +·|÷ n|
f¤¤t¢r trfrr
¡ ~vn .º¡¡ +| z|·| -2.66
º¡.º:.¡¡ = ª¡.ºª.¡. +i ~¤l¬ + <|·|- ¤n| 9.74
~¤l¬ n l-+|=i -8.73
ª¡.ºª..º¡. +| z|·|* (-)1.65
* ''~-¤ ~|lª-¤|'' ~-=¸-i¡¡ n z||lnn -·|| v|¤¬|- l+¤| ª¤| t
+e. ¬=rr nrª¤ +s - ¤n¤rtt ¬r+r .
nº|| n|-+ ¡· :=z||l¬-| +| ~ªi+·º| ·
¤+ - º¡.º:..ºº = ·||·-i¤ =-<i nº||+|· =ª·||- ,|·| ¤|·i nº||
n|-+ ¡· :=z||l¬-| +n-|·i n|·| +| ~ªi+|· l+¤| t
¤+ - nº||¤lt¤| n -n-¤·| l-l·| +| ¤|¤-| ~|lª-¤| + -l-- n¸-¤
+| ·|º|+· <¤-| + ¤-n|- n¸-¤ +i ·|lz| + ª¤ n +n-|·i n|·||
= ~|¤i <¤-| +| ª¤i+|· l+¤| t
l<-| + º¡.º:..º¡¡ +i lª·|l- + ~- =|· ~-¤ <i·| +|ln+ +n -|·i
n|·|| | ¤ = ¤ º¸ ºi l+·|¤| l·¤|¤- ¤in|·i ¤ º¸ ºi l=-¤· ¤ ¤ni ~¤|÷
:·¤|l<| + n|nn n = +nº| +|ni- < ¤-| ªº :ª.·º +·| ÷ ¤+|¤| ·|i
-= -|n¸ l¤·-i¤ ¤·| + n|·| ¤ t|l- º||- n v·||l·- l+¤| ª¤| t
+n-|l·¤| + ln( ¤z|- l¤+-¤ º||n-| -·|| -¤<|- +i =in|~| n
¤lz
¤·| .º¡º¡¡ + <|·|- ¤+ - ~¤- -- +n-|l·¤| + ln( ¤z|- +|
l¤+-¤ ¤-· º||n l<¤| l¤-t|- ¤tn ¤z|- +| l¤+-¤ -ti l<¤| ·||
¤l·º|nª¤ª¤ ªªºº. +n-|l·¤| ,|·| (= l¤+-¤ +| v¤|ª l+¤|
ª¤| ~|· ¤+ +| ` .·.·· +·|÷ +i <¤-| +| ¤|¤ -a|-| ¤÷|
:=i v+|· ¤·| .º¡º¡¡ n -¤<|- ·|ª-|- ~l¬|l-¤n ¡º. n
=z||·|- + ¤·nª¤ª¤ ¤+ + +n-|l·¤| + ln( -¤<|- ·|ª-|- +i
=in| ·|i ¤·|: ª: l¤=+ ¤·nª¤ª¤ -¤<|- =¤¬i ¤+ +i <¤-| n
···.ºº +·|÷ +i ¤lz t: :- <¤-|~| +i ªº|-| ¤in|l++ n¸-¤|+-
+ ~|¬|· ¤· +i ª¤i t
nº|| n|-+ ¡· +n-|·i n|·| +i ~¤-||~| + ~-=|· ` ªª.ª.··
+·|÷ :` .·.·· +·|÷ - ` ···.ºº +·|÷| +| n|·| ¤ t|l- º||-
n v·||l·- l+¤| ¤|-| ~¤l-|- t ¤t·t|n ·||·-i¤ l·¤¤ ¤+ -
''=|¤¤l-+ -|·| + ¤+| + +n-|l·¤| + ln( ¤z|- l¤+-¤ ¤-·
º||n-| -·|| -¤<|- =in|~| n ¤lzl¤¤+¤¸º| l¤l-¤|n+ ·¤¤t|·''
l¤·|¤ ¤· º ¤··¤·i .º¡¡ +| ¤l·¤·| =º¤| ÷i¤i~|÷i.¤i¤i.¤i=i.
ºº/.¡.º:. º¡º/.º¡º¡¡ ¤|·i l+¤| t -+- ¤l·¤·| + v|¤¬|-| +
~-=|· ¤+ - ¤·| + n|·| ¤ t|l- º||- n ` ··:.ª +·|÷ +i ·|lz|
-|¤ ~|¤· +i t ¤| ` ªª.ª.·· +·|÷ +i ·|lz| +| ¤|-¤| ltª=|
¤--i t :` ··:.ª +·|÷ l¤¤n ¤·| n ¤tn ti -|¤ l+( ¤| -+
148
charged in previous year). In terms of the requirements of
the aforesaid RBI circular, the balance amount carried forward,
i.e. `1994.19 crores.(`3323.65 cr- `1329.46 cr.) does not
include any liability relating to separated/retired employees.
Such balance amount carried forward has been grouped in
Schedule 5 under head "Others" and correspondingly in
Schedule 11 under 'Others' and will be charged off in
subsequent years
DISCLOSURE IN ACCOERDANCE WITH AS-15(R):
In line with the accounting policy and as per the Accounting
Standard - 15(R), the summarized position of post employment
benefits are recognized in the Profit & Loss A/c and Balance
Sheet as under:
I Principal Actuarial Assumption at the Balance sheet date
(expressed as weighted averages) :
(in %)
Acturial Assumptions Pension Gratuity Leave Encashment
(Funded) (funded) (Unfunded)
31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011 31.03.2012
Discount Rate 8.45% 8.80% 8.17% 8.60% 8.17% 8.60%
Expected Return on
Plan Assets 8.56% 8.61% 8.59% 8.61% - -
Rate of Escalation In salary 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Attrition Rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
II Changes in the present value of the obligations (PVO)
Reconciliation of Opening and closing balances
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 01.04.2011 10590.72 2398.74 1032.00
Interest Cost 876.69 188.56 79.47
Current Service Cost 1352.1 142.53 33.87
Benefits paid (431.27) (181.69) (118.59)
Actuarial loss / (gain) on obligations (719.44) 8.06 73.65
(Balancing Figure)
Present value of Obligation, 31.03.2012 11668.83 2556.20 1100.40
III Changes in the Fair Value of Plan Assets- Reconciliation
of opening and closing balances:
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
FAIR value of Plan Assets, 01.04.2011 8449.60 1945.94 -
Expected return on Plan assets 771.39 172.27 -
Contributions by Bank, Employees 1555.27 300.86 118.59
Benefits Paid (431.27) (181.69) (118.59)
Actuarial (loss) / gain on Plan Assets
(Balancing Figure) (153.08) (21.07) 0
FAIR value of Plan Assets, 31.03.2012 10191.91 2216.31 -
t| ·||·-i¤ l·¤¤ ¤+ + -+- ¤l·¤·| +i ~¤-||~| + ~-=|· ~|ª
n ¤|¤i ª¤i z|·| ·|lz| ~·||-¸ `¡ºº:.¡º +·|÷ :`ªª.ª.·· +·|÷
`¡ª.º.:· +·|÷| ~nª t(/ =¤|l-¤·- +n-|l·¤| = =¤z +|:
<¤-| z||lnn -ti t ~|ª n ¤|¤i ª¤i z|·| ·|lz| +| ~-=¸-i · +
z|i·| '' ~-¤ '' + ~--ª- ·º|| ª¤| t ~|· -<-ª¤ ~-=¸-i ¡¡ +
z|i·| ''~-¤'' + ~--ª- ·º|| ¤|¤ª| (¤ ¤·¤-i ¤·|| n -|¤ ~|¤·
l+¤| ¤|¤ª|
nº|| n|-+¡· :=z||l¬-| + ~-=|· v+ºi+·º|
nº|| -il- + ~-ª¤ -·|| nº|| n|-+ ¡· :=z||l¬-| + ~-=|·
·|¤ª|· -¤·|-- lnn- ¤|n ¤·|¤< +i =l-|-- lª·|l- +| n|·| ¤ t|l-
º||- ~|· -n-¤·| n l---¤-¸ n|-| ª¤| t·
I -n-¤·| +i -|·iº| +| v¬|- ¤in|l++ n|-¤-| :¬|l·- ~-¤|-|
+ ª¤ n ·¤+-|
:· n|
¤tnrf¤ ¤ nr-¤ar ¤ rrª s¤ªrª ø º¸ ºt ª¤ªt¤t¢r
(fªf¤¤¸ (fªf¤¤¸ (n t fªf¤¤¸
31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011 31.03.2012
¤º¸ º| <· 8.45% 8.80% 8.17% 8.60% 8.17% 8.60%
¤| ¤-| ~|lª-¤| +
vl-¤·n +i = ·||l¤- <· 8.56% 8.61% 8.59% 8.61% - -
¤-- n ¤lz +i <· 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
r|= <· 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
II <|l¤·¤| + ¤-n|- n¸-¤ n :¤i¤i~|| ¤l·¤-- v|·l-·|+ -·||
~l-n z|·|| +| =n|¬|-
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(n t fªf¤¤¸
º¡.º:..º¡¡ +| <|l¤·¤| +| ¤-n|- n¸-¤ 10590.72 2398.74 1032.00
·¤|¤ n|ª- 876.69 188.56 79.47
-|n¸ =¤| n|ª- 1352.1 142.53 33.87
=<·- n|·| (431.27) (181.69) (118.59)
<|l¤·¤| ¤· ¤in|l++ t|l-/:n|·|| (719.44) 8.06 73.65
:-n- ¤·| + ~|+÷|
ª¡.ºª..º¡. + ~- n <|l¤·¤| +| ¤-n|- n¸-¤ 11668.83 2556.20 1100.40
III ¤|¤-| ~|lª-¤| + -l-- n¸-¤ n ¤l·¤-- v|·l-·|+ -·||
:l-z|·|| +| =n|¬|-
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(n t fªf¤¤¸
¡.º:..º¡¡ ¤|¤-| ~|lª-¤| +| -l-- n¸-¤ 8449.60 1945.94 -
¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n 771.39 172.27 -
¤+ +n-|l·¤| ,|·| ~z|<|- 1555.27 300.86 118.59
=<·- n|·| (431.27) (181.69) (118.59)
¤|¤-| ~|lª-¤| ¤· ¤in|l++ t|l-/:n|·|| (153.08) (21.07) 0
ª¡ n|- .º¡. +| ¤|¤-| ~|lª-¤| +|
-l-- n¸-¤ 10191.91 2216.31 -
149
IV Actual Return on Plan Assets
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Expected return on Plan Assets 771.39 172.27 -
Acturial (loss) / gain on Plan Assets (153.08) (21.07) -
Actual Return on Plan Assets 618.31 151.20 -
V Net Actuarial (Gain) / loss Recognized
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Actuarial (loss) / gain on obligations (719.44) 8.06 73.65
Actuarial (loss) / gain on Plan Assets 153.08 21.07 0
Net Actuarial (gain) or loss recognized in year (566.36) 29.13 73.65
VI Amount recognized in Balance Sheet and related analysis
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 31.03.2012 11668.83 2556.20 1100.40
FAIR value of Plan Assets, 31.03.2012 (10191.91) (2216.31) 0
Difference 1476.92 339.89 1100.40
Unrecognized Past Service cost -
vested benefits - Carried Forward (1654.59) (339.60) 0
Negative amount determined under
Paragraph 55 of AS-15 (R) (177.67) - -
Present value of available future refunds
and reductions in future contributions 177.67 - -
Asset recognized as per Limit under
paragraph 59 (b) of AS-15 ( R ) 177.67 - -
Liability Recognized in the Balance Sheet - 0.29 1100.40
VII. Expenses recognized in the Profit & Loss A/c
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Current Service Cost 1352.10 142.53 33.87
Interest Cost 876.69 188.56 79.47
Expected return on Plan assets (771.39) (172.27) 0
Net Actuarial (gain) or loss recognized
in year (566.33) 29.13 73.65
Past Service Cost- (vested benefits)
Recognized 551.53 113.20 0
Expense Recognised in Statement of
Profit & Loss 1442.60 301.15 186.99
IV ¤|¤-| ~|lª-¤| ¤· ¤|ª-l¤+ vl-¤·n
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
¤|¤-| ~|lª-¤| ¤· ~-n|l-- vl-¤·n 771.39 172.27 -
¤|¤-| ~|lª-¤| ¤· ¤in|l++ :t|l-|/n|·| (153.08) (21.07) -
¤|¤-| ~|lª-¤| ¤· ¤|ª-l¤+ vl-¤·n 618.31 151.20 -
V n|-¤ z|z ¤in|l++ :n|·||/t|l-
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
<|l¤·¤| ¤· ¤in|l++ :t|l-|/n|·| (719.44) 8.06 73.65
¤|¤-| ~|lª-¤| ¤· ¤in|l++ :t|l-|/n|·| 153.08 21.07 0
¤·| n n|-¤ z|z ¤in|l++ n|·| ~·|¤| t|l- (566.36) 29.13 73.65
VI -n-¤·| n n|-¤ ·|lz| -·|| =¤z l¤zn·|º|·
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
ª¡.ºª..º¡. +| <|l¤·¤| +| ¤- n|- n¸-¤ 11668.83 2556.20 1100.40
ª¡.ºª..º¡. ¤|¤-| ~|lª-¤| +| -l-- n¸-¤ (10191.91) (2216.31) 0
~--· 1476.92 339.89 1100.40
~n|-¤ ª- =¤| n|ª- l-lt- n|·|
~|ª n ¤|¤| ª¤| (1654.59) (339.60) 0
nº|| n|-+ ¡· :=z||l¬-| + ¤ ·| ··
+ ~--ª - -+|·|·n+ l-¬| l·- ·|lz| (177.67) - -
·||¤i ~z|<|-| n +º|-i ~|· -¤n·¬
·||¤i +º| -i +| ¤- n|- n¸-¤ 177.67 - -
nº|| n|-+¡· :=z||l¬-| ¤ ·| ·º
+ ~--ª - =in| ~-=|· n|-¤ ~|lª- 177.67 - -
-n-¤·| n n|-¤ <¤-| - 0.29 1100.40
VII. n|·| ¤ t|l- º||- n n|-¤ ·¤¤
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
-|n¸ =¤| n|ª- 1352.10 142.53 33.87
·¤|¤ n|ª- 876.69 188.56 79.47
¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n (771.39) (172.27) 0
¤·| + <| ·|- z|z ¤in|l++ :n|·||/~·|¤|
t|l- (566.33) 29.13 73.65
ª- =¤| n|ª- :l-lt- n|·|| n|-¤ 551.53 113.20 0
n|·| ¤ t|l- º||- +i l¤¤·º|i n n|-¤
·¤¤ 1442.60 301.15 186.99
150
VIII Movement in Net Liability to be recognized in Balance
Sheet
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Opening Net Liability (65.00) 0 1032.00
Expenses-Employees recovery & transfer
from Provident Fund 1442.60 301.15 186.99
Contributions Paid (1555.27) (300.86) (118.59)
Closing Net Liability (Liability recognized
in B/S in current period (177.67) 0.29 1100.40
IX Amount for the current Period
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 31.03.2012 11668.83 2556.20 1100.40
FAIR value of Plan Assets, 31.03.2012 10191.91 2216.31 0
Surplus / (Deficit) (1476.92) (339.89) (1100.40)
Experience Adjustments in Plan Liabilities
-(loss) / Gain 22.29 75.90 (99.65)
Experience Adjustments in Plan Assets
(loss) / gain (153.08) (21.07) 0
X Major Categories of Plan Assets (as percentage of Total
Plan Assets)
(In Percentage)
Particulars Pension Gratuity
(Funded) (Funded)
Government Of India Securities 23.33 22.22
State Govt Securities 25.49 28.94
High Quality Corporate Bonds 25.23 28.36
Equity Shares of listed companies 0.00 0.00
Property 0.00 0.00
Special deposit scheme 8.80 0.00
Funds managed by Insurer 0.00 6.87
Other- Bank Deposits and CDs 17.15 13.61
TOTAL 100.00 100.00
XI BEST ESTIMATE OF CONTRIBUTION DURING NEXT
YEAR
(Amount ` in Crore )
Particulars Pension Gratuity
(Funded) (Funded)
Bank's best estimate of Contribution during next year 1200.00 250.00
XII Other Long Term employee benefits (Unfunded)
(Amount ` in Crore )
Particulars Leave Silver Sick Leave
Fare Jublee including
concession Bonus casual leave
(unfunded) (Unfunded) (Unfunded)
Present Value of Obligation 119.56 12.80 219.90
Opening Balance of Transitional Liability 18.00 1.80 24.00
Transitional Liability recognized in the year 18.00 1.80 24.00
Closing Balance Of Transitional Liability 0.00 0 0
Liability Recognized in balance Sheet 119.56 12.80 219.90
VIII -n-¤·| n n|-¤ t|- ¤|ni z|z <¤-| n ·|º¤·
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
v|·l-·|+ z|z <¤-| (65.00) 0 1032.00
·¤¤+n -|l·¤| = ¤=¸ni -·|| ·|l¤·¤
l-l¬ = ~-l·- 1442.60 301.15 186.99
=<·- ~z|<|- (1555.27) (300.86) (118.59)
~l-n z|z <¤-| :-|n¸ ~¤l¬ n
-n-¤·| n n|-¤ <¤-|| (177.67) 0.29 1100.40
IX ¤-n|- ~¤l¬ + ln( ·|lz|
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªf¤¤¸ (fªf¤¤¸ ª¤ªt¤t¢r
(nt fªf¤¤¸
<|l¤·¤| +| ¤- n|- n¸-¤ ª¡.ºª..º¡. 11668.83 2556.20 1100.40
¤|¤-| ~|lª-¤| +| -l-- n¸-¤ ª¡.ºª..º¡. 10191.91 2216.31 0
~l¬z|·| :·||º|| (1476.92) (339.89) (1100.40)
¤|¤-| <¤-|~| n ~-·||l¤+
=n|¤|¤- :t|l-|/n|·| 22.29 75.90 (99.65)
¤|¤-| ~|lª-¤| n ~-·||l¤+
=n|¤|¤- :zt|l-|/n|·| (153.08) (21.07) 0
X ¤|¤-| ~|lª-¤| +i vnº| >lº|¤| :+n ¤|¤-| ~|lª-¤| +|
vl-z|-|
:¤l-z|- n|
f¤¤t¢r ¤rrª s¤ªrª
(fªf¤¤¸ (fªf¤¤¸
·||·- =·+|· +i vl-·|¸l-¤| 23.33 22.22
·|-¤ =·+|· +i vl-·|¸l-¤| 25.49 28.94
--- l+ªn + +|¤|·º ¤|º÷ 25.23 28.36
=¸-i¤z +-¤l-¤| + :l+¤ºi z|¤· 0.00 0.00
=¤l·- 0.00 0.00
l¤z|·| ¤n| ¤|¤-|( 8.80 0.00
¤in|+-| ,|·| -n|: ª: l-l¬¤| 0.00 6.87
~-¤¤ + ¤n|·|lz|¤| ~| · ¤n| vn|º|¤·| :=i÷i| 17.15 13.61
¬rz 100.00 100.00
XI ~|ª|ni ¤·| + <|·|- ~z|<|- +| >·a-n ~-n|-
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª
(fªf¤¤¸ (fªf¤¤¸
~|ª|ni ¤·| + <| ·|- ¤ + +| >·a-n ~z|<|- +| ~-n|- 1200.00 250.00
XII ~-¤ <i·||¤l¬ +n-|·i n|·| :ª· l-l¬+|
:·|lz| ` +·|÷ n|
f¤¤t¢r q¬q¤·=t f=r¤t =r¤ftn¤
(nt fªf¤¤¸ ¬¤¬t øº¸ºt =fra
¤rª= ¤tnrtt ¤t
(nt fªf¤¤¸ øº¸ºt
(nt fªf¤¤¸
<|l¤·¤ +| ¤- n|- n¸-¤ 199.56 12.80 219.90
=+nº|z|in <¤-| +| v|·l-·|+ z|·| 18.00 1.80 24.00
¤·| + <| ·|- n|-¤ =+nº|z|in <¤-| 18.00 1.80 24.00
=+nº|z|in <¤-| +| :l-z|·| 0.00 0 0
-n-¤·| n n|-¤ <¤-| 119.56 12.80 219.90
151
XIII Basis of Actuarial Assumption Considered
Particulars Basis of assumption
Discount rate Discount rate has been determined by reference to
market yields on the balance sheet date on Government
Bonds of term consistent with estimated term of the
obligations as per para 78 of AS15R.
Expected rate of return The expected return on plan assets is based on market
on plan assets expectations, at the beginning of the period, for returns
over the entire life of the related obligation.
Rate of escalation in salary The estimates of future salary increases considered in
actuarial valuations taking into account inflation,
seniority, promotion and other relevant factors
mentioned in paras 83-91 and 120(I) of AS15R.
Attrition rate Attrition rate has been determined by reference to past
and expected future experience and includes all types
of withdrawals other than death but including those due
to disability.
17 SEGMENT REPORTING FOR THE YEAR ENDED 31ST
MARCH 2012
( ` in Lacs)
PART A: BUSINESS SEGMENTS
S. Particulars YEAR ENDED YEAR ENDED
No. 31.03.2012 31.03.2011
(Audited) (Audited)
i. Segment Revenue
a) Treasury 850945 638209
b) Corporate/Wholesale Banking 1914220 1395672
c) Retail Banking 1233428 951006
d) Other Banking Operations 64471 75019
Total 4063064 3059906
ii. Segment Results
a) Treasury 80119 72484
b) Corporate/Wholesale Banking 645946 527061
c) Retail Banking 416215 359138
d) Other Banking Operations 21755 28330
Total 1164035 987013
iii. Unallocated Expenses 102606 81444
iv. Operating Profit 1061429 905569
v. Provision for Tax 215284 213023
vi. Extraordinary Items ----
vii. Net Profit 488420 443350
Other Information:
viii. Segment Assets
a) Treasury 12798711 9707049
b) Corporate/Wholesale Banking 22414029 18593732
c) Retail Banking 9397140 8607689
d) Other Banking Operations 853630 592560
Sub Total 45463510 37501030
e) Unallocated Assets 355890 331494
Total Assets 45819400 37832524
ix. Segment Liabilities
a) Treasury 12091223 9214872
XIII l¤-|l·- ¤in|l++ ¬|·º||~| +| ~|¬|·
f¤¤t¢r ¤rt¢rr ¤r =r¤rt
¤º¸º| <· =z||l¬- nº|| n|-+ =º¤| ¡· + ¤ ·| º + ~-=|·
<|l¤·¤| +i ~-n|l-- z|-| + ~-ª¤ =·+|·i ¤¬ ¤·|| ¤·
-n- ¤·| +i l-l·| +| ¤|¤|· v|l--¤| + ~-=|· ¤º¸º| <·
l-¬| l·- +i ª¤i t
¤|¤-| ~|lª-¤| ¤· ¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n <· =¤l¬- <|l¤·¤
vl-¤·n +i =·||l¤- <· +i ¤¸·i ~|¤ + l·º-| + ln( ~¤l¬ + ~|·-·| n ¤|¤|·
=·||¤-|~| ¤· ~|¬|l·- t
¤--¤lz <· = z|| l¬- n º|| n|-+ = º¤| ¡·~|· + ¤ ·| ºª.º¡ ~| · ¡.º :¡|
+ ~- =|· ·||¤i ¤ --¤ lz + ~- n|-| + ln( +n -|·i ¤|¤ |· n
~|¤¸ l- (¤ n| ª ¤ = = ¤z ·|º+| nt ª|: ¤l··a-| ¤<| --l-
~|l< ¤· ¤in| l++ n¸ -¤| +- ¤· l¤-|· l+¤| ª¤| t
r|= <· r|= <· +| l-¬| ·º| l¤¤n ~| · = ·||l¤- ·||¤i ~- ·|¤|
= <·| ,|·| l+¤| ª¤| t ~| · -=n n ·¤ +| ¤| ÷ +· l+ -
~z|+--| + +|·º| t : ~-¤ =·|i v+|· +i l-+|l=¤|
=l-nln- t
17 s+ nr¤, zo+z ¤r =nrta ¤rr ra =rz¤rt =¸¤ªr
:` n|º| n|
+rrn ¤ . ¤rtr¤rt =rz
a f¤¤t¢r =nrta ¤rr =nrta ¤rr
= . 31.03.2012 31.03.2011
(¬=rr¤ttf+ra¸ (¬=rr¤ttf+ra¸
i. =rz¤rt tr¬t¤
+| º¤·i 850945 638209
º|| +|¤|·º/ t|n=n ¤l+ª 1914220 1395672
ª| l·ºn ¤l+ª 1233428 951006
·|| ~-¤ ¤l+ª ¤l·-|n- 64471 75019
¤| ÷ 4063064 3059906
ii. =rz¤rt ¤ft¢rrn
+| º¤·i 80119 72484
º|| +|¤|·º/ t|n=n ¤l+ª 645946 527061
ª| l·ºn ¤l+ª 416215 359138
·|| ~-¤ ¤l+ª ¤l·-|n- 21755 28330
¤| ÷ 1164035 987013
iii. nt =r¤fºa ª¤¤ 102606 81444
iv. ¤l·-|n- n|·| 1061429 905569
v. +· t- v|¤¬|- 215284 213023
vi. ~=|¬|·º| n< ----
vii. z|z n|·| 488420 443350
=-¤ =¸¤ªr.
viii. =rz¤rt =rfta¤r
+| º¤·i 12798711 9707049
º|| +|¤|·º/ t|n=n ¤l+ª 22414029 18593732
ª| l·ºn ¤l+ª 9397140 8607689
·|| ~-¤ ¤l+ª ¤l·-|n- 853630 592560
-¤ ¤|÷ 45463510 37501030
÷.|ª· ~|¤lº- <¤-|( 355890 331494
¤¬ ª¤arq 45819400 37832524
ix. =rz¤rt =rfta¤r
+| º¤·i 12091223 9214872
152
b) Corporate/Wholesale Banking 21175024 17650973
c) Retail Banking 8877684 8171253
d) Other Banking Operations 806443 562516
Sub Total 42950374 35599614
e) Unallocated Liabilities 87319 82054
Total Liabilities 43037693 35681668
Note:
1. Segment Liabilities are distributed in the ratio of their respective Segment Assets.
2. As the operations outside India are less than the threshold limit of 10%, secondary
segment information has not been required to be furnished.
3. Figures of the previous period have been re-grouped / reclassified wherever necessary
on change in basis of allocation of expenditure.
18. Disclosure of Related Parties as per AS -18 issued by ICAI
Names of the related parties and their relationship with
the Bank:
Key Management Personnel:
i) Shri K. R. Kamath, Chairman & Managing Director
ii) Shri M.V. Tanksale, Executive Director (upto 28.06.2011)
iii) Shri Rakesh Sethi, Executive Director
iv) Ms. Usha Ananthasubramanian (w.e.f. 19.07.2011)
Subsidiaries
i) PNB Gilts Ltd.
ii) PNB Housing Finance Ltd.
iii) Punjab National Bank (International) Ltd., UK
iv) PNB Investment Services Ltd
v) Druk PNB Bank Ltd.
vi) PNB Insurance Broking Pvt Ltd.
vii) PNB Life Insurance Company Ltd.
viii) JSC SB PNB Kazakhstan
Associates:
i) Everest Bank Limited
ii) Principal PNB Asset Management Company Pvt. Ltd.
iii) Principal Trustee Company Private Limited
iv) Assets Care & Reconstructions Enterprise Ltd.
v) India Factoring & Finance Solutions Pvt Ltd
vi) Madhya Bihar Gramin Bank, Patna
vii) Haryana Gramin Bank, Rohtak
viii) Himachal Gramin Bank, Mandi
ix) Punjab Gramin Bank, Kapurthala
x) Rajasthan Gramin Bank, Alwar
xi) Sarva UP Gramin Bank, Meerut
º|) +|·¤|·º/t|n=n ¤l+ª 21175024 17650973
ª) l·ºn ¤l+ª 8877684 8171253
·|) ~-¤ ¤l+ª ¤l·-|n- 806443 562516
s¤ ¬rz 42950374 35599614
÷.) ª· ~|¤lº- <¤-|( 87319 82054
¤¬ ª¤arq 43037693 35681668
ªrº.
1. º| ÷¤|· < ¤-|~| +| --+i =-¤z º| ÷¤|· ~|lª-¤| + ~- ¤|- n ~|¤ lº- l+¤| ª¤| t
2. -¸l+ ·||·- + ¤|t· +| ¤l·-|n- ¡º¤ l-z|- +i v|·l-·|+ =in| = +n t ~-· ª| º|
º|÷¤|· =¸--| <-| ~¤l-|- -ti t
3. l¤¤ni ~¤l¬ + ~|+÷| +| ·¤¤ + ~|¤º- + ~|¬|· n ¤l·¤- - t|- ¤·
~|¤z¤+-|-=|· ¤-· =n¸t-/¤-¤ ªi +·º| l+¤| ª¤| t
18. +rrtat¤ =ªªt ¬=rr¤rt =tºrrª çrtr ¬rtt =rrrf¤a ¬=rr nrª¤
- +s ¤ =ª=rt ¤¤ºt¤t¢r
=¤f¤a ¤rfº¤r ¤ ªrn aºrr ¤¤ ¤ =rºr sª¤ =¤¤
n=¤ ¤¤¤ª ¤rfn¤.
+| >i + ~|· +|n- ~¬¤-| (¤ v¤-¬ l-<z|+
º|| >i (n ¤i º|+=|n +|¤¤|n+ l-<z|+ :.º.º·..º¡¡ -+|
ª| >i ·|+z| =ai +|¤¤|n+ l-<z|+
·|.| >in-i -·|| ~- -= ¤ nnº¤- +|¤ ¤|n+ l-< z|+ :¡º.º..º¡¡ = |
=ªrrfn¤r .
i) ¤i(-¤i lª-º= lnlnº÷
ii) ¤i(-¤i t|-l=ª ¤·|:-= lnlnº÷
iii) ¤¤|¤ -z|-n ¤+ ::º·-z|-n| lnlnº÷ ¤¸.+.
iv) ¤i(-¤i :-¤ªºnº =l¤=¤ lnlnº÷
v) ÷+ ¤i(-¤i ¤+ lnlnº÷
vi) ¤i(-¤i lvl=¤n :z¤|·= ¤|l+ª v|.ln.
vii) ¤i(-¤i n|:¤· :z¤|·= +-¤-i ln.
viii) ¤(==i (=¤i ¤i(-¤i +¤|l+ª-|-
=r¤rnt =tºrrq.
i) (¤·ªº ¤+ ln.
ii) lvl=¤n ¤i(-¤i ~=º n-¤nº +-¤-i v|.ln.
iii) lvl=¤n ºªºi +-¤-i v|.ln.
iv) ~=º¸= +¤· (÷ l·+ªºz|¤ (º·v|:¤¤ ln.
v) :l÷¤| ¤·+ºl·ª (º÷ ¤·|:-= =|-¤¸z|¤ v|.ln.
vi) n·¤ l¤t|· ª|niº| ¤+ ¤º-|
vii) tl·¤|º|| ª|niº| ¤+ ·|t-+
viii) ltn|-n ª|niº| ¤+ nº÷i
ix) ¤¤|¤ ª|niº| ¤+ +¤¸··|n|
x) ·|¤ª·||- ª|niº| ¤+ ~n¤·
xi) =¤ ¤¸¤i ª|niº| ¤+ n·a
153
=¤f¤a ¤rfº¤r = ¬ª ªª'*
n</=¤l¬- n¸n** ~-·|lª¤| ** =t¤|ªi/ nº¤ v¤¬- nº¤ v¤¬- +n
¤|ºi ª¤|ln·¤ ~·|¤| =¤+- -¤n +|ln+ +|ln+ +
l-¤·|º| + ~-=|· l·z-<|·
2011-12 ~l¬+-n 2011-12 ~l¬+-n 2011-12 ~l¬+-n 2011-12 ~l¬+-n 2011-12 ~l¬+-n 2011-12 ~l¬+-n
¤+|¤| ¤+|¤| ¤+|¤| ¤+|¤| ¤+|¤| ¤+|¤|
·|lz| ·|lz| ·|lz| ·|lz| ·|lz| ·|lz|
¤|l·>ln+ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- 58.03 n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 58.03 58.03
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- (59.42) n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (59.42) (59.42)
-¬|· n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- - - - -
¤n|·|lz|¤| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 2364.72 10461.30 59.37 67.45 0.54 5.52 2424.63 10534.27
(6.11) (7639.98) (19.12) (36.93) (0.41) (0.75) (25.64) (7677.66)
¤n|·|lz|¤| +| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 4298.21 4298.21 4298.21 4298.21
l-¤|¤- (00.00) (2428.94) (00.00) (2428.94)
l-¤z| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 36917.21 37815.72 0.00 0.00 0.00 0.00 36917.21 37815.72
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (12770.62) (13752.76) (0.00) (0.46) (0.00) (0.00) (12770.62) (13753.22)
z|¤· ¤¸¤i n n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 9407.00 N.A 5.33 N.A -- -- 9412.33 N.A
l-¤z| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (7907.00) ((N.A) -- -- -- -- (7907.00) (N.A)
+º| ¤·|| n n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- -- -- -- -- -- --
l-¤z| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (0.00) (0.00) -- -- -- -- -- --
ª · l-l¬+ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti
¤l-¤z-|( (0.00) (0.00) -- -- -- -- -- --
ni ª¤i -- -- -- -- -- -- -- -- -- -- -- --
nil¤ª/(-¤i
·¤¤ª·||
<i ª¤i -- -- -- -- -- -- -- -- -- -- -- --
nil¤ª/(-¤i
·¤¤ª·||
~-n ~|lª-¤| -- -- -- -- -- -- -- -- -- -- -- --
+i º|·i<
~-n ~|lª-¤|
+i l¤+i -- -- -- -- -- -- -- -- -- -- -- --
<i ª¤i
nil¤ª/(-¤i
·¤¤ª·|| -- -- -- -- -- -- -- -- -- -- -- --
=<-| ·¤|¤ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 106.73 n|ª¸ -ti 1.99 n|ª¸ -ti 0.04 n|ª¸ -ti 107.60 n|ª¸ -ti
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (193.10) (n|ª¸ -ti) (0.45) (n|ª¸ -ti) (0.02) (n|ª¸ -ti) (193.10) (n|ª¸ -ti)
¤ |-- ·¤|¤ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 1670.13 n|ª¸ -ti -- -- -- -- 1670.13 n|ª¸ -ti
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (523.02) (n|ª¸ -ti) -- -- -- -- (523.02) (n|ª¸ -ti)
=¤|( ¤|--
+·-| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- n|ª¸ -ti -- -- -- -- -- n|ª¸ -ti
=¤|( ¤<-| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- -- -- -- -- -- --
+·-| (0.46) (n|ª¸ -ti) -- -- -- -- (0.46) (n|ª¸ -ti)
¤¤-¬- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 25.00 n|ª¸ -ti -- -- -- -- 25.00 n|ª¸ -ti
=l¤<|( (25.00) (n|ª¸ -ti) -- -- -- -- (25.00) (n|ª¸ -ti)
¤|-- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 715.67 n|ª¸ -ti -- -- -- -- 715.67 n|ª¸ -ti
n|·|| z| (313.34) n|ª¸ -ti -- -- -- -- (313.34) n|ª¸ -ti
v¤-¬- ,|·| - ¤|· -·|| vn|lº|-
:+|·a+| n l<( ª( ~|+÷ l¤¤n ¤·| + t|
**~-·|lª¤| ~| · +¤ =t¤|ªi =ª·||~| + =|·| t( n-<- +| v+ºi+·º| nº|| n|-+ ¡º'' =-¤l-¬- ¤|ºi v+ºi+·º|'' + ¤ ·| º + nª-¤· -ti l+¤| ª¤| t ¤| ·|-¤ ,|·| l-¤l·|- -¤n| +| --+i (=i ~-¤ =-¤l-¬- ¤|lº ¤| = n-<- n
= l+=i = =-¤l-¬- =¸--| <- = ¤¸º <-| t ¤| ·|-¤ ,|·| l-¤l·|- t|
154
Transactions with Related Parties*
Items/ Parent** Subsidiaries** Associates/ Key Management Relatives of Key Total
Related (as per ownership Jt ventures Personnel Management
Party or control) Personnel
2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum
amount amount amount amount amount amount
outstanding outstanding outstanding outstanding outstanding outstanding
Remuneration N.A N.A N.A N.A -- -- 58.03 NA NA NA 58.03 58.03
N.A N.A N.A N.A -- -- (59.42) NA NA NA (59.42) (59.42)
Borrowings N.A N.A N.A N.A -- -- - - - -
Deposits N.A N.A N.A N.A 2364.72 10461.30 59.37 67.45 0.54 5.52 2424.63 10534.27
(6.11) (7639.98) (19.12) (36.93) (0.41) (0.75) (25.64) (7677.66)
Placement of N.A N.A N.A N.A 4298.21 4298.21 4298.21 4298.21
Deposits (00.00) (2428.94) (00.00) (2428.94)
Advances N.A N.A N.A N.A 36917.21 37815.72 0.00 0.00 0.00 0.00 36917.21 37815.72
N.A N.A N.A N.A (12770.62) (13752.76) (0.00) (0.46) (0.00) (0.00) (12770.62) (13753.22)
Investments in N.A N.A N.A N.A 9407.00 N.A 5.33 N.A -- -- 9412.33 N.A
share capital N.A N.A N.A N.A (7907.00) ((N.A) -- -- -- -- (7907.00) (N.A)
Investments in N.A N.A N.A N.A -- -- -- -- -- -- -- --
debentures N.A N.A N.A N.A (0.00) (0.00) -- -- -- -- -- --
Non funded N.A N.A N.A N.A
Commitments (0.00) (0.00) -- -- -- -- -- --
Leasing/ HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
availed
Leasing/ HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
provided
Purchase of -- -- -- -- -- -- -- -- -- -- -- --
fixed assets
Sale of Fixed
Assets -- -- -- -- -- -- -- -- -- -- -- --
Leasing/ HP
arrangements
availed -- -- -- -- -- -- -- -- -- -- -- --
Interest paid N.A N.A N.A N.A 106.73 N.A 1.99 NA 0.04 NA 107.60 N.A
N.A N.A N.A N.A (193.10) (N.A) (0.45) (NA) (0.02) (NA) (193.10) (N.A)
Interest N.A N.A N.A N.A 1670.13 N.A -- -- -- -- 1670.13 N.A
received N.A N.A N.A N.A (523.02) (NA) -- -- -- -- (523.02) (NA)
Receiving of
Services N.A N.A N.A N.A -- NA -- -- -- -- -- NA
Rendering of N.A N.A N.A N.A -- -- -- -- -- -- -- --
services (0.46) (NA) -- -- -- -- (0.46) (NA)
Management N.A N.A N.A N.A 25.00 N.A -- -- -- -- 25.00 N.A
contracts (25.00) (NA) -- -- -- -- (25.00) (NA)
Dividend N.A N.A N.A N.A 715.67 N.A -- -- -- -- 715.67 N.A
received (313.34) N.A -- -- -- -- (313.34) N.A
*As compiled and certified by the management.
(Figures in brackets relate to previous year)
**The transactions with the subsidiaries and certain associates have not been disclosed in view of para-9 of AS-18 'Related Party Disclosure', which exempts state controlled
enterprises from making any disclosures pertaining to their transactions with other related parties, which are also state controlled.
155
19. Accounting for Leases - AS 19
Financial Leases:
a. Original value of assets acquired on
financial lease and included in other fixed
assets (including furniture and fixture): `41.65 lakhs.
The amount of depreciation provided
upto 31.03.2012thereon: ` 34.60 lakhs.
The written down value as on 31.03.2012 ` 7.05 lakhs
b. Minimum Lease Payment due not later than one year:
Min. Lease Payment ` 5.49 lakhs
Present value of Min. Lease Payment ` 5.49 lakhs
Intt. Included in Min. Lease payment ` 1.56 lakhs
c. Minimum Lease Payment due later than one year but
not later than five years:
Min. Lease Payment ` 5.49 lakhs
Present value of Min. Lease Payment ` 5.49 lakhs
Interest included in Min. Lease payment ` 1.56 lakhs
d. Minimum Lease Payment due later than five years: NIL
e. Information on operating lease is not ascertained.
20. AS 20 - Earnings Per Share
Item 31.03.2012 31.03.2011
A EPS - Basic / Diluted (In `) 154.02 140.60
B Amount used as numerator Profit after tax
(` In '000) 48842044 44334953
C Nominal value of share `. 10/- each `. 10/- each
D Weighted average number of equity shares
used as the denominator 317107500 315319044
21. AS 22- Accounting for taxes on Income
The Bank has recognized deferred tax assets and liability as
per accounting policy no. 7. Major components of which are
set out below:
(Amount ` in Crore )
Particulars As on As on
31.03.2012 31.03.2011
Deferred Tax Assets
Provision for Leave encashment 444.81 400.50
Pension & Gratuity 0.10 0.00
Statutory Liability u/s 43B 1.29 1.41
Total 446.20 401.91
Deferred Tax Liabilities
Depreciation on fixed assets 28.12 28.88
Total 28.12 28.88
Deferred Tax Assets (Net) 418.08 373.03
The deferred tax assets ` .45.05 crores is credited to Profit and
Loss Account.
+v. ¤º¸ºr ¤ f¬q ¬=rr¤ª, ¬=rr nrª¤ -+v
f¤-at¤ ¤º¸º
+. l¤·-i¤ ¤º¸º ¤· ni ª: ~|lª-¤| +| n¸n n¸-¤ ~|· ~-¤
~-n ~|lª-¤| n =l-nln- :¤·-i-· ¤ l¤·+=-· =lt-|
` :¡.·· n|º|
-= ¤· l+( ª( n¸-¤r|= +i v|¤¬|- +i ·|lz| ª¡.ºª..º¡.
-+ ` ª:.·º n|º|
ª¡.ºª..º¡. +| ~¤lnlº|- n¸-¤ ` 7.05 n|º|
º|. (+ ¤·| = ~-l¬+ n -¤¸--n =<¤ ¤º¸º| ·|ª-|- ·
-¤¸--n ¤º¸º| ·|ª-|- ` 5.49 n|º|
-¤¸--n ¤º¸º| ·|ª-|- +| ¤-n|- n¸-¤ ` 5.49 n|º|
-¤¸--n ¤º¸º| ·|ª-|- n =l-nln- ·¤|¤ ` 1.56 n|º|
ª. (+ ¤·| = ~l¬+ l+-- · ¤·| = ~-l¬+ n =<¤ -¤¸--n
¤º¸º| ·|ª-|- ·
-¤¸--n ¤º¸º| ·|ª-|- ` 5.49 n|º|
-¤¸--n ¤º¸º| ·|ª-|- +| ¤-n|- n¸-¤ ` 5.49 n|º|
-¤¸--n ¤º¸º| ·|ª-|- n =l-nln- ·¤|¤ ` 1.56 n|º|
·|. -¤¸--n ¤º¸º| ·|ª-|- n =l-nln- ·¤|¤ z|¸-¤
÷. ¤l·-|n- ¤º¸º ¤· =¸--| +| l-¬|·º| -ti t~| t
zo. ¬=rr nrª¤ zo . ¤fa rr¤t =¬ª (;¤tq=¸
nª s+.os.zo+z s+.os.zo++
+ :¤i(=n¸n /--+-':` n| 154.02 140.60
º| +· + ¤z-|-¸ ªº|+ + ª¤ n -¤¤|ª +i
ª: ·|lz| :` t¤|· n| 48842044 44334953
ª. z|¤·| +| ~l+- n¸-¤ ` ¡º/vl- z|¤· ` ¡º/vl- z|¤·
·| n¸-¤¤ª + ª¤ n -¤¤|ª l+( ª(
:l+¤ºi z|¤·| +i ·||l·- ~| =- =º¤| 317107500 315319044
z+. ¬=rr nrª¤-zz . =r¤ ¤t ¤tr ¤ =¤¤ n ¬=rr¤ª
¤+ - nº|| -il- =º¤| + ~-=|· ~|ª·|lª- +· ~|lª-¤| -·||
<¤-|~| +i ¤t-|- +i t l¤=+ vnº| ·|º+ l---lnlº|- t ·
:·|lz| ` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
¤r ¤r
~|ª·|lª- +· ~|lª-¤|
¤º¸ºi -+<i+·º| + ln( v|¤¬|- 444.81 400.50
¤z|- ¤ -¤<|- 0.10 0.00
¬|·| :ª ¤i + ~--ª - =|l¤l¬+ <¤-| 1.29 1.41
¤| ÷ 446.20 401.91
~|ª·|lª- +· <¤-|(
~-n ~|lª-¤| ¤· n¸-¤t|= 28.12 28.88
¤| ÷ 28.12 28.88
~|ª·|lª- +· ~|lª-¤| :z|z| 418.08 373.03
` :·.º· +·|÷ +i ~|ª·|lª- +· ~|lª-¤| n|·| ¤ t|l- º||- n ¤n| +i
ª: t
156
22. AS 28 - Impairment of Assets
A substantial portion of the bank's assets comprise of 'financial
assets' to which Accounting Standard 28 'Impairment of Assets'
is not applicable. In the opinion of the bank, there is no
impairment of its assets (to which the standard applies) to
any material extent as at 31.03.2012 requiring recognition in
terms of the said standard.
23. AS-29 Provisions, Contingent Liabilities and Contingent
Assets
i) Movement of provisions for liabilities*
(`. in crore)
Particulars Salary arrears Legal cases/
under negotiation contingencies
Balance as at 1st April 2011 0.78 27.83
Provided during the period 0.83 5.65
Amounts used during the period 0.00 NIL
Reversed during the period 1.55 4.10
Balance as at 31.03.2012 0.06 29.38
Timing of outflow/uncertainties On actual Outflow on
payment. settlement /
crystallization.
* Excluding provisions for others
ii) Refer Schedule-12 on contingent liabilities
Such liabilities at S.No.(I), (II), (III), (IV), (V) & (VI) are
dependent upon the outcome of Court / arbitration / out of
court settlement, disposal of appeals, the amount being called
up, terms of contractual obligations, devolvement and raising
of demand by concerned parties, respectively. No
reimbursement is expected in such cases.
24. Break up of "Provisions and Contingencies" shown under the
head Expenditure in Profit and Loss Account is as follows
(`. in crore)
Item 31.03.2012 31.03.2011
Provisions for depreciation on investment (net) 235.09 147.45
Provision towards NPAs (net) 2403.10 2003.74
Floating provisions for NPAs (over and above RBI
provisioning norms) 0.00 0.00
Provision towards Standard Assets 509.67 259.20
Provision made towards Income Tax (including
FBT & Wealth Tax) 2152.84 2130.23
Other Provision and Contingencies: 429.39 81.58
Detail: 31.03.2012 / 31.03.2011
Standard Restructured 338.40 70.51
Sale to SC/RC 25.45 5.55
Written off & others 65.54 5.52
Total 5730.09 4622.20
zz. ¬=rr nrª¤ zs . =rfta¤r ¤t =¤=rnr-¤ar
¤+ +i ~|lª-¤| n ¤¤|-- ltª=| l¤·-i¤ ~|lª-¤|' +| t l¤-¤· nº||
n|-+ .º' ~|lª-¤| +i ~¤=|n|-¤-|' n|ª¸ -ti t ¤+ +i ·|¤ n
:- ~|lª-¤| :l¤-¤· n|-+ n|ª¸ t|-| t| +i -+- n|-+ +i z|- +
~¬i- ~¤l-|- ¤t-|- + ln¤ ª¡ n|- .º¡. +| l+=i nt·¤¤¸º|
=in| -+ ~¤=|n|-¤-| -ti t
zs. ¬=rr nrª¤ zv . ¤r¤¤rª, =r¤ftn¤ ª¤arq =rt =r¤ftn¤
=rfta¤r .
i) ª¤ar=r ¤ f¬q ¤r¤¤rªr n rrº-¤z*
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤aª =n=ra ¤t ¤rª¸ªt nrn¬.
¤ra¤ta ¤ =-ana =r¤ftn¤arq
¤aª ¤¤r¤r
¡ ~v n .º¡¡ +| z|·| 0.78 27.83
~¤l¬ + <| ·|- v|¤¬|- 0.83 5.65
~¤l¬ + <| ·|- v¤+- ·|lz|¤| 0.00 z|¸-¤
~¤l¬ + <| ·|- ¤nº| ª¤| 1.55 4.10
ª¡n|- .º¡. +| z|·| 0.06 29.38
¤lt¤| t/~l-z-¤ +| =n¤ ¤|ª-l¤+ ·|ª-|- =n¤|-|/
t|- ¤· ¤l·º|l- ¤·
¤lt¤|t
* ~-¤ + ln( v|¤¬|- +| ¤|÷+·
ii) =r¤ftn¤ ª¤ar=r ¤t =ª=¸¤t-+z ª=r .
+n =º¤| :I| :II| :III| :IV| :V| ¤ :VI| +i (=i <¤-|(
~<|n-i/¤-|º /~<|n-i =n¤|-| + l-·+·|| ~¤in| +i l-¤º|-
n|ªi ¤| ·ti ·|lz| =l¤<|ª- <|l¤·¤| +i z|-| =¤z ¤|lº¤| ,|·| +i
ª¤i n|ª| ¤· +nz|· ~|l>- t (= n|nn| n +|: vl-¤¸l- v·¤|lz|-
-ti t
z+. n|·| ¤ t|l- º||- n ·¤¤ z|i·| + ~--ª- <z||¤ ª¤'' v|¤¬||- ¤
~|+lªn+-|('' +| l¤¤·º| l---lnlº|- t·
:·|lz| ` +·|÷ n|
nª s+.os.zo+z s+.os.zo++
l-¤z|| ¤· n¸-¤t|= t- v|¤¬|- :z|z| 235.09 147.45
~-¤ + ~|lª-¤| + ln( v|¤¬|- :z|z| 2403.10 2003.74
~-¤ + ~|lª-¤| + ln( +n|lºª v|¤¬|- :·||·-i¤
l·¤¤ ¤ + + v|¤¬|- =¤¬i n|-<º÷| + ~n|¤|| 0.00 0.00
n|-+ ~|lª-¤| + ln( v|¤¬|- 509.67 259.20
~|¤+· + ln( v|¤¬|-
¤·¤iºi ~| ·¬-+· =lt-|2152.84 2130.23
~-¤ v|¤¬|- ~| · ~|+lªn+-|(· 429.39 81.58
l¤¤·º| ª¡.ºª..º¡. / ª¡.ºª..º¡¡
n|-+ ¤-·=·l-- 338.40 70.51
(==i/ ~|·=i +| l¤+i 25.45 5.55
¤º¸º º||- ÷|n ª¤ ~|· ~-¤ 65.54 5.52
¬rz 5730.09 4622.20
157
25. Break-up of Floating Provisions is as follows
(`. in crore)
Particulars 31.03.2012 31.03.2011
Opening balance as on 01.04.2011/01.04.2010 1075.36 1075.36
Quantum of floating provisions made during the year NIL NIL
Purpose and amount of draw down made during
the year NIL NIL
Closing balance as on 31.03.2012/31.03.2011 1075.36 1075.36
26. Draw Down from Reserves:
(`. in lacs)
Sr. Reserves Amount Purpose
No. drawn
1. Other reserves 0.25 Payment made during the year for Blocked
Account of Inter Branch Credit entries
pertaining to the period up to 31.03.1999.
2. Revaluation 2123.01 Depreciation on revalued portion of
reserves property.
27. Disclosure of complaints and unimplemented awards of
banking Ombudsman #
a. Customer Complaints
(a) No. of complaints pending at the beginning of the year 336
(b) No. of complaints received during the year 52934
(c) No. of complaints redressed during the year 52969
(d) No. of complaints pending at the end of March 2012 301
b Awards passed by the Banking Ombudsman
(a) No. of unimplemented Awards at the beginning of the year 1
(b) No. of Awards passed by the banking Ombudsman during the year 6
(c) No. of Awards implemented during the year 7
(d) No. of unimplemented Awards at the end of March 2012 0
28. The Bank has issued a Letter of Comfort in respect of its
subsidiary Punjab National Bank (International) Ltd. in UK, to
Financial Services Authority (FSA), the regulator in United
Kingdom, committing that the bank shall provide financial
support to Punjab National Bank (International) Ltd., UK so
that it meets its financial commitments if they fall due.
However, no financial obligation has arisen as on 31st March
2012.
29. Disclosure in respect of Bancassurance Business undertaken
by the bank:
(Amount ` in Crore )
Particulars 31.03.2012 31.03.2011
Details of fees/remuneration received in respect of
Bancassurance Business undertaken by the bank
during the year ended 31.03.2012/31.03.2011
(i) Life Insurance Business: 21.21 6.77
(ii) Non-life Insurance Business: 12.06 6.43
TOTAL 33.27 13.20
zs. ¤¬rfºn ¤r¤¤rªr ¤r f¤¤t¢r fªrªf¬f=ra r.
:·|lz| ` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
º¡.º:..º¡¡/ º¡.º:..º¡º +| v|·l-·|+ z|·| 1075.36 1075.36
¤·| + <| ·|- l+( ª( +n|lºª v|¤¬|-| +i ·|lz| z|¸-¤ z|¸-¤
¤·| + <| ·|- ~|t·º| ,|·| +i ª: +ni :÷| ÷|--|
+i ·|lz| ~|· -ªz¤ z|¸-¤ z|¸-¤
ª¡.ºª..º¡./ª¡.ºª..º¡¡ +| :l-z|·| 1075.36 1075.36
ze. ¤rtf+ra fªf¤ = trfrr fª¤r¬ªr.
:·|lz| ` +·|÷ n|
a. ¤rtf+ra fªf¤ fª¤r¬t n; szr¤
= . trfrr
1. ~-¤ v|·l-|- l-l¬¤| 0.25 ª¡.ºª.¡ººº -+ +i ~¤l¬ + ln( ~ -·
z||º|| +l÷º + ~¤ª¬< º||- + ln( ¤·|
+ <| ·|- l+¤| ª¤| ·|ª-|-
2. ¤-n¸-¤- v|·l-|- 2123.01 =¤l·- + ¤-n¸-¤- ¤|n ·||ª
¤· n¸-¤r|=
zz. frr¤r¤ar =rt ¤f¤n ¬r¤¤r¬ ¤ =f¤fª¢r¤r ¤r fa¤rf-¤a ª
¤tª ¤ =r¤-¤ n ¤¤ºt¤t¢r . #
+. ª|t+ lz|+|¤-
:+| ¤·| + ~|·-·| n nl-¤- lz|+|¤-| +i =º¤| 336
:º|| ¤·| + <|·|- v|-- lz|+|¤-| +i =º¤| 52934
:ª| ¤·| + <| ·|- l-¤º|: ª: lz|+|¤-| +i =º¤| 52969
:·|| n|- .º¡. + ~- n nl-¤- lz|+|¤-| +i =º¤| 301
=r ¤f¤n ¬r¤¤r¬ çrtr fªq nq =f¤fª¢r¤
:+| ¤·| + ~|·-·| n n|ª¸ - l+( ª( ~l¬l-º| ¤| +i =º¤| 1
(º|| ¤·| + <|·|- ¤l+ª n|+¤|n ,|·| ¤|l·- ~l¬l-º|¤| +i =º¤| 6
:ª| ¤·| + <| ·|- n|ª¸ l+( ª( ~l¬l-º| ¤| +i =º¤| 7
:·|| n|- .º¡. + ~- n n|ª¸ - l+( ª( ~l¬l-º|¤| +i =º¤| 0
zs. ¤+ - ¤¸-|:º÷ l+ª÷n n l-¤·|+ ¤·|:-lz|¤n =l¤l=¤ ~·||l·ºi
¤·(=(| +| ¤¸ .+ . lª·|- ~¤-i ~- ·| ªi ¤ ¤|¤ - z|-n ¤ +::-º·-z|-n| lnlnº÷ + =-¤-¬ n (+ -+|-i ~|z¤|=- ¤·| ¤|·i
l+¤| t l¤=n := ¤|- +| ~|z¤|=- l<¤| ª¤| t l+ ¤l< ¤¤|¤
-z|-n ¤+ ::-º·-z|-n| lnlnº÷ ¤¸ +. ~¤-i l¤·-i¤ vl-¤z-|(
¤¸·i - +· ¤|¤| -| ¤+ -= l¤·-i¤ =t|¤-| v<|- +·ª| ¤t·t|n
ª¡ n|- .º¡. +i lª·|l- + ~-=|· (=i l+=i l¤·-i¤ vl-¤z-| +i
lª·|l- -ti -·|·i t
zv. ¤¤ çrtr ¤rtr+r f¤q nq ¤¤ qr¤rt= ¤rtr¤rt ¤ =r¤-¤ n
¤¤ºt¤t¢r
:·|lz| ` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
º¡.º:.º¡./ª¡.ºª..º¡¡ + ¤i- ¤ + (z¤|·=
+|·|¤|· + =-¤-¬ n z|-+/¤|l·>ln+ +
ª¤ v|-- ·|lz| +| l¤¤·º|
(i) ¤i¤- ¤in| +|·|¤|· 21.21 6.77
(ii) ª · ¤i¤- ¤in| +|·|¤|· 12.06 6.43
¬rz 33.27 13.20
158
30. Concentration of Deposits, Advances, Exposures and
NPAs:
(a) Concentration of Deposits:
(Amount ` in Crore )
31.03.2012 31.03.2011
Total Deposits of twenty largest depositors 30062.00 15423.76
Percentage of Deposits of twenty largest depositors
to Total Deposits of the bank 7.92% 4.93%
(b) Concentration of Advances:
(Amount ` in Crore )
31.03.2012 31.03.2011
Total Advances of twenty largest borrowers 46871.58 44887.26
Percentage of Advances of twenty largest borrowers
to Total Advances of the bank 15.73% 18.45%
(c) Concentration of Exposures:
(Amount ` in Crore )
31.03.2012 31.03.2011
Total Exposures of twenty largest borrowers/customers 48640.09 45826.84
Percentage of Exposures to twenty largest
borrowers/customers to Total Exposures of the
bank on borrowers/customers 15.14% 17.65%
(d) Concentration of NPAs:
(Amount ` in Crore )
31.03.2012 31.03.2011
Total Exposure to top four NPA accounts 1359.18 751.87
II. Sector-wise NPAs:
S. Sector Percentage of Percentage of
No. NPAs to NPAs to
Total Advances Total Advances
in that sector in that sector
31.03.2012 31.03.2011
1. Agriculture & allied activities 5.03 3.62%
2. Industry (Micro & small, Medium and Large) 2.86 1.70%
3. Services 3.46 1.44%
4. Personal Loans 2.54 1.90%
III. Movement of NPAs:
(Amount ` in Crore )
Particulars 31.03.2012 31.03.2011
Gross NPAs as on01st April (opening balance) 4379.39 3214.41
Additions (Fresh NPAs) during the year 6671.64 4336.70
Sub-total (A) 11051.03 7551.11
Less:
(i) Upgradations 529.69 409.96
(ii) Recoveries (excluding recoveries made from
upgraded accounts) 1675.43 1170.01
(iii) Write-offs 126.29 1591.75
Sub-total (B) 2331.41 3171.72
Gross NPAs as on31st March (closing balance) (A-B) 8719.62 4379.39
so. ¬nr trfrr¤r , =fn nr , =¢r ¬r f=rnr =r t =ª¬ ¤ =rfta¤r ¤r
¤ -)t¤t¢r.
:+| ¤n| ·|lz|¤| +| +-:i+·º|
:·|lz| ` +·|÷ n|
31.03.2012 31.03.2011
.º =¤= ¤÷ ¤n|+-| ~| +i +n ¤n| ·|lz| 30062.00 15423.76
¤ + +i +n ¤n| ·|lz| +i -n-| n .º =¤= ¤÷
¤n|+-| ~| +i ¤n| ·|lz| +| ¤ l-z|- 7.92% 4.93%
:º|| ~lªn| +| +-:i+·º|
:·|lz| ` +·|÷ n|
31.03.2012 31.03.2011
.º =¤= ¤÷ +lº|¤| + +n ~lª n 46871.58 44887.26
¤+ + +n ~lªn| +i -n-| n .º =¤= ¤÷
+lº|¤| + ~lªn| +| ¤l-z|- 15.73% 18.45%
:ª| +º|| +| +-:i+·º|
:·|lz| ` +·|÷ n|
31.03.2012 31.03.2011
.º =¤= ¤÷ +lº|¤|/ª |t+| +| l<¤| ª¤| +n +º| 48640.09 45826.84
¤ + + +n +º| +i -n-| n .º =¤= ¤÷
+lº|¤|/ª |t+| +| v<·- +º| +| ¤ l-z|- 15.14% 17.65%
:·|| ~-¤+ ~|lª-¤| +| +-:i+·º|
:·|lz| ` +·|÷ n|
31.03.2012 31.03.2011
: =¤| -- ~-¤ + ~|lª- º||-| n +n +º| 1359.18 751.87
II. +r·r¤rt =ª¬¤ =rfta¤r
a. +r·r s= +r·r n ¤¬ s= +r·r n ¤¬
=. =fnnr ¤t a¬ªr =fnnr ¤t a¬ªr
n =ª¬¤ =rfta¤r n =ª¬¤ =rfta¤r
¤r ¤farra ¤r ¤farra
31.03.2012 31.03.2011
¡. +l·| (¤ =t|¤+ ªl-l¤l¬¤| 5.03 3.62%
.. -¤|ª :·¤l·º (¤ n·| n¬¤n ~|· ¤÷| 2.86 1.70%
ª. =¤|( 3.46 1.44%
:. ·¤l+-ª- +º| 2.54 1.90%
III. =ª¬¤ =rfta¤r n rrº-¤z
:·|lz| ` +·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
º¡ ~v n +| =+n ~-¤ + ~|lª-¤| :v|·l-·|+ z|·|| 4379.39 3214.41
¤·| + <| ·|- ¤lz :-¤i ~-¤ + ~|lª-¤|| 6671.64 4336.70
-¤ ¤|÷ :~| 7551.11
·|º|( ·
(i) <¤| ¤·| 529.69 409.96
(ii) ¤=¸ni :l¤- º||-| +| <¤| ¤·| --n t:
¤=¸ni +| ¤|÷+·| 1675.43 1170.01
(iii) ¤º¸º º||- ÷|n ª( :~| 126.29 1591.75
-¤ ¤|÷ :~|| 2331.41 3171.72
ª¡ n|- +| =+n ~-¤+ ~|lª-¤| :~l--n z|·|| :~~|| 8719.62 4379.39
159
IV. Overseas Assets, NPAs and Revenue:
(Amount ` in Crore )
Particulars 31.03.2012 31.03.2011
Total Assets 27574.46 16673.62
Total NPAs 29.75 8.15
Total Revenue 1455.66 965.72
V. Off-balance sheet SPVs sponsored (which are required to
be consolidated as per accounting norms)
Name of the SPV sponsored
Domestic Overseas
NIL NIL
31. Reward Points of Credit Card:
PNB Global Credit Cardholders are rewarded as and when
they make purchase through usage of Credit Card. Reward
Points are generated at the time of usage of Credit Card by
Cardholder at Merchant Establishment. Card holder can
redeem the accumulated reward points. The amount payable
on account of reward points is charged to Profit and Loss
account and credited to Sundry Provision Account on daily
basis because such amount is quantifiable.
Position of outstanding reward points and provision thereon
are as under:
As on As on
31.03.2012 31.03.2011
Balance Reward Points outstanding 50359851 28707118
Provision held for these points (Amount `. in Lacs) 251.80 143.54
32. Disclosure on bouncing of SGL forms in terms of RBI circular
NO. IDMD.DOD.15/11.01.01(B)/2010-11 dated 14th July
2010:
Particulars Amount
NIL NIL
33. Other Notes
a As per RBI guidelines, the Bank has worked out the
amount of inter Branch Credit entries outstanding for
more than 5 years, pertaining to the period up to
31.03.2007, to be transferred to a Blocked Account.
Accordingly, a sum of `.85.92 crores (net of adjustments
since carried out) has been included under "Other
Liabilities-others" in schedule-5.
Claims of `. 0.327 lac has been received during the year
2011-12 against Inter Branch Credit entries Blocked and
transferred to General Reserve, has been met by transfer
from General Reserve `.0.23 lac and to debit of Profit
and Loss Account `. 0.81 lac.
b. Premises include properties amounting to `. 10.86 crores
(Net of Depreciation) (previous year `.10.98 crores)
IV. f¤ªrr ftºra =rfta¤r, =ª¬¤ =rfta¤r =rt tr¬t¤
:·|lz| `+·|÷ n|
f¤¤t¢r s+.os.zo+z s+.os.zo++
+n ~|lª-¤| 27574.46 16673.62
+n ~-¤ + ~|lª-¤| 29.75 8.15
+ n ·|¤ª¤ 1455.66 965.72
V. a¬ª¤·r ¤ =¬r¤r ¤r¤rf¬a f¤rrrr ¤¤r¬ª nrª¤n (f¬ª¤r
¬=rr¤ª nrªª¢zr ¤ =ª=rt =n¤ª =¤f+ra r¸
¤r¤rf¬a f¤rrrr ¤¤r¬ª nrª¤n ¤r ªrn
ªrr n f¤ªrr ftºra
z|¸ -¤ z|¸ -¤
s+. afzº ¤rz ¤rt¤r ¤r ¤tt¤rt =¤
¤¤ +·|i ¤i(-¤i ·n|¤n +l÷º+|÷¬|·+ ~¤- +l÷º +|÷ +| v¤|ª
+·+ º|·i<<|·i +·- t -| --t ¤·ª+|· + ~+ v<|- l+( ¤|- t ¤
~+ --t -¤ lnn- t ¤¤ ¤ l+=i ·¤|¤|l·+ =ª·||- ¤· +l÷º+|÷ +|
v¤|ª +·- t +|÷¬|·+ :- ~+| +| (+·| +· =+-| t ¤·ª+|·
~+| + +|·º| <¤ ·|lz| +| n|·| ¤ t|l- º||- n v·||l·- l+¤| ¤|-| t
~|· <l-+ ~|¬|· ¤· l¤l¤¬ v|¤¬|- º||- n +l÷º l+¤| ¤|-| t +¤|l+
¤t ·|lz| ¤l·n|º|¤|·¤ t|-i t
¤+|¤| ¤·ª+|· ~+| -·|| --+ =¤¬ n l+( ª( v|¤¬|- +i lª·|l-
l---lnlº|- t·
s+.os.zo+z s+.os.zo++
¤r ¤r
¤+|¤| z|·| ¤·ª+|· ~+ 50359851 28707118
:- ~+| + ln( l+¤| ª¤| v|¤¬|- :` n|º| n| 251.80 143.54
32. ·||·-i¤ l·¤¤ ¤+ + ¡: ¤n|: .º¡º + ¤l·¤·| =º¤| ~|:÷i(n÷i.
÷i~|÷i.¡·/¡¡.º¡.º¡. :¤i| .º¡º¡¡ + ~-=|· (= ¤i (n ¤·|n|
+ -+|· ¤|- =-¤-¬i v+ºi+·º| :
l¤¤·º| ·|lz|
z|¸ -¤ z|¸ -¤
ss. =-¤ fºt¤f¢r¤r
+. ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| + ~-=|· ¤+ - ª¡.ºª..ºº
-+ +i · ¤·| = ~l¬+ +i ¤+|¤| ~-·z||º|| +l÷º vl¤l·º¤|
+i ·|lz| +| ~¤ªz º||- n ~-l·- +·- + ln( +|¤ l+¤|
t -<-=|· ` º·.º. +·|÷ +i ·|lz| :l+( ª( =n|¤|¤- +
¤|< +i z|z ·|lz|| +| ~-=¸-i · n ''~-¤ <¤-|( ~-¤''
z|i·| + ~--ª- ~nª = <z||¤| ª¤| t
¤·| .º¡¡¡. + <|·|- ~-· z||º|| ~¤ªz ¤n| vl¤l·º¤| -·||
=|n|-¤ v|·l-|- l-l¬¤| +| ~-l·- ` º.ª. n|º| + =-¤-¬ n
v|-- t( ` º..ª n|º| +i ·|lz| =|n|-¤ v|·l-|- l-l¬¤| =
~-l·- +i ª: -·|| z|·| ª¤¤ º.º¡ n|º| +i ·|lz| n|·| ¤ t|l-
º||- +| ÷l¤º +i ª¤i
º|. ª¤¤ ¡º.º· +·|÷ :n¸-¤r|= ·|º|+·| :l¤¤n ¤·| `¡º.ºº
+·|÷| :n|ª- ¡·.º¡ +·|÷| :l¤¤n ¤·| ¡·.ºº +·|÷| +i
160
{Cost ` 16.01 crores} (previous year `. 15.89 crores)
are awaiting registration of title deeds. Premises include
capital work in progress of `. 113.76 crores (previous
year `.86.09 crores).
c. No provision is considered necessary in respect of
disputed Income Tax and Fringe Benefit Tax demands of
`.1160.87 crores (previous year `. 881.43 crore) as in
the bank's view, duly supported by expert opinion and/
or decision in bank's own appeals on same issues,
additions / disallowances made are not sustainable.
Against these disputed demands, `. 1160.87 crores
(previous year `.881.43 crores) has been paid.
d. During the year the bank has allotted 1,58,40,607 equity
shares of `. 10/- each to LIC of India and 65,25,919 to
Govt of India at a premium of ` 993.69 per share as
determined by the Board in terms of the Chapter VII of
the SEBI Regulations, 2009, as amended from time to
time (the "SEBI ICDR Regulations") on preferential basis.
The total amount received by the bank on this account
is `.2244.91crores which includes `.22.37crores as equity
capital and `.2222.54 crores as premium. Consequently
the Government holding is now 56.10% as compared
to 58% before preferential allotment.
e. Other Reserves- Additions during the year:
Additions in other reserves include Rs.60crores pertaining
to write back of provision created earlier in the year 2008
on the basis of present value towards agriculture debt
waiver relief reversed to General Reserves as per RBI
Guidelines.
f. The Board of Directors has recommended dividend of
`.22 per equity share of `. 10 each (of the paid up capital
of the bank), subject to approval by members.
32. Figures of the previous year have been regrouped /
rearranged/ reclassified wherever necessary.
·|lz| +i =-¤l·- =n- ¤l·=·| + ln( º|:ºn ÷i÷ +| ¤¤i+·º|
l+( ¤|- +i v-i-|| t ¤l·=·| n ` ¡¡ª.· +·|÷ :l¤¤n
¤·| ` º·.ºº +·|÷| +| ¤¸¤iª- vªl- +|¤ =l-nln- t
ª. ` ¡¡·º.º +·|÷ :l¤¤n ¤·| ` ºº¡.:ª +·|÷ | +i l¤¤|l<-
~|¤+· n|ª -·|| ~-·|ªi n|·| +· n|ª| t- +|: v|¤¬|- +·-|
~|¤z¤+ -ti =n¤| ª¤| +¤|l+ ¤+ +i ·|¤ n -·|| l-¬|·º|
~l¬+|·i ,|·| l+( ª( ¤l·¤¬- / -|n¤¸l·¤| ¤¬ -ti t -·||
:= ¤· l¤z|·|a| +i ·|¤ (¤ ¤+ +i ~¤in| ¤· t( l-º|¤|
+| ·|i ~-=n·|- t :- l¤¤|l<- n|ª| + =<·| n `¡¡·º.º
+·|÷ :l¤¤n ¤·| ` ºº¡.:ª +·|÷| +| ·|ª-|- l+¤| ª¤|
·|. ¤+ - ¤·| + <|·|- =¤i l¤l-¤n .ººº =n¤=n¤ ¤· ¤·||
= z|| l¬- := ¤i ~|: =i÷i~|· l¤l-¤n- + ~·¤|¤ VII +i
z|-|-=|· n÷n ,|·| ¤·|| l-¬|l·- ` ¡º/ vl- z|¤· + ~l+-
n¸-¤ ¤|n ~l¬n|-¤-· ~|¬|· ¤· ` ººª.·º vl- z|¤· +
viln¤n ¤· ¡·º:º·º :l+¤ºi z|¤· ·||·-i¤ ¤i¤- ¤in|
l-ªn +| -·|| ··.·º¡º :l+¤ºi z|¤· ·||·- =·+|· +|
~|¤lº- l+( t ¤l·º||nª¤ª¤ ¤+ +| ` ..::.º¡ +·|÷ v|--
t( l¤=n ` ...ª +·|÷ :l+¤ºi ¤¸¤i ~|· ` .....·: +·|÷
viln¤n + ª¤ n t ¤·nª¤ª¤ ~l¬n|-¤ ~|¤º- = ¤¸¤
=·+|· +i z|¤·¬|l·-| ·º.ºº vl-z|- +i -n-| n ~¤ ··.¡º
vl-z|- t
÷. ~-¤ v|·l-|- ¤·| + <|·|- ¤lz ·
~-¤ v|·l-|- l-l¬¤| +i ¤lz n ` ·º +·|÷ z||lnn t ¤|
·||·-i¤ l·¤¤ ¤+ + l-<z||-=|· +l·| +º| =n|l-- =t|¤-| +
vl- ¤·| .ººº n ¤tn =l¤- l+( ª( v|¤¬|- + ¤-n|- n¸-¤
+ ~|¬|· ¤· =|n|-¤ v|·l-|- l-l¬¤| n vl-nº|- = =¤l¬- t
-. l-<z|+ nº÷n - ` ¡º/ + v·¤+ :l+¤ºi z|¤· ¤· ` ../
+| n|·|| z| ·|| l·|- l+¤| t ¤z|- l+ =<ª¤| ,|·| -=+|
~-n|<- +· l<¤| ¤|¤ :¤+ +i -+-| ¤¸¤i +| ..º vl-z|-|
ª.. ¤t| +ti ~|¤z¤+ =n¤| ª¤| t ª- ¤·| + ~| +÷ | +|
¤-·=n¸t-/¤-·¤¤ª·||/¤-¤ªi+·º| +· ln¤| ª¤| t
161
s+ nr¤, zo+z ¤r =nrta ¤rr ¤ a¬ª-¤·r ¤ =rºr =¬ªª ª¤ªt ¤¤rr f¤¤t¢r-¤·r
Cash Flow Statement Annexed to the Balance Sheet for the year ended 31st March, 2012
(ª¤¤ ` '000) (ª¤¤ ` '000)
2011-12 2010-11
+ =¤¬ zo++ = s+ nr¤ zo+z a¤ ¤t =¤f¤ ¤ f¬q
For the period from 1st April 2011 to 31st March 2012
= ¤ft¤r¬ª ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
A. Cash Flow from Operating Activities
(I) ¤t ¤ ¤r¤ra¸ rrq ¬r+r
Net Profit after Tax 48,842,044 44,334,953
¤|l÷( · +· + ln( ¤ |¤¬|- :~|ª·|lª- +· +| ¤|÷+·|
Add : Provision for Tax (net of deferred tax) 21,528,377 21,302,252
¤tr = ¤¸¤ ¬r+r
Profit before taxes ( i ) 70,370,421 65,637,205
(ii) fªrªf¬f=ra ¤ f¬q =nr¤r¬ª .
Adjustment for :
n¸-¤r|= ¤ ·||· :=+n|
Depreciation Charges (Gross) 3,134,902 2,770,781
·|º|( · ¤-n¸-¤|+- ¤|·l-|- l-l¬ = ~|tl·- ·|lz|
Less : Amount drawn from Revaluation Reserve -212,301 -212,301
~-¤+ ~|lª-¤| + ln( ¤|¤¬|- ~-¤+ ~|lª-¤| -·|| ¤º¸º º||- ÷|n ª(
~z||·¤ +º|| + ¤l- +n|lºª ¤|¤¬|-
Provision for NPAs, Floating Provision towards NPAs & Bad Debts Write Off 23,977,073 20,037,527
n|-+ ~|lª-¤| n ¤-·=·l-- ~|lª-¤| + ln( ¤ |¤¬|-
Provision on Standard Assets & Standard Restructured Accounts 8,480,650 3,297,050
~-¤ ¤ |¤¬|- :z|z|
Other Provisions (net) 923,482 -140,226
l-¤z|| :z|z| ¤· n¸-¤r|¤/:l-n|--| ¤º¸º º||- ÷|n-| ¤|¤¬|-
Depreciation/ (Release), Write off, Provision on Investments (net) 2,391,278 1,719,652
~-·|ªi/~-¤ = n|·||z| :l-¤z| +|¤ +n|¤| :z|z|
Dividend from Subsidiary / Others (Investing Activity) -261,147 -263,422
¤|º÷| = ·¤|¤ :l¤-|i¤- +|¤ +n|¤|
Interest on Bonds (Financing Activity) 9,944,703 9,871,564
~-n ~|lª-¤| +i l¤+i = n|·|/t|l- :z|z|
Profit / Loss on sale of Fixed Assets ( net ) -42,495 -30,519
( ii ) 48,336,145 37,050,106
¤ft¤r¬ª =rfta¤r ¤ ª¤ar=r n ¤ft¤aªr = ¤¸¤ ¤ft¤r¬ª ¬r+r
Operating Profit before Changes in Operating Assets and Liabilities ( i+ii) 118,706,566 102,687,311
(iii) ¤ft¤r¬ª =rfta=r ¤ ª¤ar=r n rrq ¤ft¤aª ¤ f¬q =nr¤r¬ª
Adjustment for net change in Operating Assets and Liabilities
l-¤z|| n +ni / :¤lz|
Decrease / (Increase) in Investments -274,882,345 -172,115,117
~lªn| n +ni / :¤lz|
Decrease / (Increase) in Advances -540,711,883 -575,092,108
~-¤ ~|lª-¤| n +ni / :¤lz|
Decrease / (Increase) in Other Assets -13,677,292 -26,357,406
¤n|·|lz|¤| n ¤lz / :+ni|
Increase / (Decrease) in Deposits 666,897,526 635,689,236
-¬|·| n ¤lz / :+ni|
Increase / (Decrease) in Borrowings 56,745,800 118,273,245
~-¤ <¤-|~| ¤ ¤|¤¬|-| n ¤lz / :+ni|
Increase / (Decrease) in Other Liabilities & Provisions 2,664,192 12,016,657
( iii ) -102,964,002 -7,585,493
162
¤ft¤r¬ªr = s-¤-ª ª¤ªt
Cash generated from Operations ( i+ii+iii) 15,742,564 95,101,818
¤ <-| +· :¤|¤=i +| ¤|÷+·|
Tax Paid (net of refund) -23,854,735 -14,645,153
¤ft¤r¬ª ¤r¤¤¬r¤r = rrq ª¤ªt
Net Cash from Operating Activities (= A ) -8,112,171 80,456,665
=r. fª¤rr ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
B. Cash Flow from Investing Activities
~-n ~|lª-¤| +i º|·i< :l¤+i +| ¤|÷+·|
Purchase of Fixed Assets (net of Sales) -3,725,057 -8,661,533
~-·|lª¤|/=¤+- -¤n|/-|.ª|. ¤+| = ¤|-- n|·||z|
Dividend recd from Subsidiaries / JV / RRBs 261,147 263,422
~-·|lª¤|/=¤+- -¤n|/-|.ª|. ¤+| n l-¤z|
Investment in Subsidaries / JV / RRBs -1,459,499 -2,438,475
fª¤rr ¤r¤¤¬r¤r n ¤¤¤a rrq ª¤ªt
Net Cash used in investing Activities (=r B ) -4,923,409 -10,836,586
n. f¤-rt¤ª ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
C. Cash Flow from Financing Activities
z|¤· ¤¸¤i :¤ iln¤n =lt-|
Share Capital (incl. Premium) 22,449,056 1,840,001
¤|·i / ¤·º| ·i< ¤|º÷ :ºi¤· ¤ ºi¤·|
Bonds (Tier I & Tier II) Issued/Redemption 0 5,000,000
¤|º÷| ¤· ¤<-| ·¤|¤
Interest paid on Bonds -9,944,703 -9,871,564
n|·||z| +| ·|ª-|- / n|·||z| ¤· l-ªln- +·
Payments of Dividends / Corporate tax on Dividend -8,100,554 -4,412,043
f¤-rt¤ª ¤r¤¤¬r¤r = rrq ª¤ªt
Net Cash from Financing Activities (n C ) 4,403,799 (7,443,606)
rr. ª¤ªt aºrr ª¤ªt ar¤r n rrq ¤ft¤aª
D Net Change in Cash and Cash Equivalents ( ¤+=r+n A+B+C ) (8,631,781) 62,176,473
¤rr ¤ =rtr+r n ª¤ªt aºrr ª¤ªt ar¤
Cash and Cash Equivalents at the beginning of the year
-+<i ~| · ·||·-i¤ l·”|¤ ¤ + + ¤|= z|·|
Cash and Balances with Reserve Bank of India 237,768,960 183,275,755
¤+| + ¤|= z|·| ~|· n|ª ¤ ~-¤ =¸--| ¤· ¤|-¤ ¬-
Balances with Banks & Money at Call & Short Notice 59,143,156 296,912,116 51,459,888 234,735,643
¤rr ¤ =a n ª¤ªt aºrr ª¤ªt ar¤
Cash and Cash Equivalents at the end of the year
-+<i ~| · ·||·-i¤ l·”|¤ ¤ + + ¤|= z|·|
Cash and Balances with Reserve Bank of India 184,928,960 237,768,960
¤+| + ¤|= z|·| ~|· n|ª ¤ ~-¤ =¸--| ¤· ¤|-¤ ¬-
Balances with Banks & Money at Call & Short Notice 103,351,375 288,280,335 59,143,156 296,912,116
(8,631,781) 62,176,473
fºt¤¢rt.Notes :-
1 ¤ <-| ¤ ·¤-| +·| :¤|¤=i +| ¤|÷+·| +| ¤l·-|n- +|¤ +n|¤| = -<¸·|¸- n|-| ª¤| t -·|| :-t l-¤z| -·|| l¤-|i¤- +|¤ +n|¤| + n·¤ l¤·|+- -ti l+¤| ª¤| t
Direct taxes paid (net of refund) are treated as arising from operating activities and are not bifurcated between investing and financing activities.
2 ·|º| n l<( ª( =·|i ~|+÷ ''-+<i ¤|n'' <z|| - t
All figures in minus represents "Cash Out Flow"
¤¸¤ ¤·a =/From pre page
163
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--|
nº¤ ¤¤¬+ -¤ nt|¤¤¬+ nt|¤¤¬+
M NANDAKUMAR R R VOORE V K KHANNA
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER
-·|| ~--=¸¤n-¤n ·|+z| =ai
+|¤ ¤|n+ l-<z|+ +|¤ ¤|n+ l-<z|+
USHA ANANTHASUBRAMANIAN RAKESH SETHI
EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR
+ ~|· +|n-
~·¤-| (¤ ¤¤-¬ l-<z|+
K R KAMATH
CHAIRMAN & MANAGING DIRECTOR
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤ª¤|= (÷ ¤|a+ +- ~ln- · (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co.
Chartered Accountants Chartered Accountants Chartered Accountants
¤<i¤ ¤n| ( -º¤i=|¤<|· ¤|=<¤ ¤-¤i
:=|¤<|·| :=|¤<|·| :=|¤<|·|
=<ª¤ = º¤| 088393, (¤·~|·(- 000386(- =<ª¤ = º¤| 061551, (¤·~|·(- 301138: =<ª¤ =º¤| 070468, (¤·~|·(- 000483=i
(Pradeep Verma) (A Chatterjee) (Basudeb Banerjee)
Partner Partner Partner
M No.088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C
+- =|·<| (÷ ¤|·i+ +- ¤|·+· (÷ n¤n<|· +- ¤i (= n|¬¤ ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants
l-·¤- ¤|z|i ¤i (n ~ª¤|n ¤i n|lº|+¤ ¤=|<
:=|¤<|·| :=|¤<|·| :=|¤<|·|
=<ª¤ = º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ = º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ = º¤| 020105, (¤·~|·(- 001907(=
(Niranjan Joshi) (B M Agarwal) (G Manikya Prasad)
Partner Partner Partner
M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place: ª; fªr¬t.New Delhi
rnrtt =r¬ ¤t ft¤rº ¤ =ª=rt.As per our Report of even date
164
AUDITORS' REPORT
To
The President of India
1. We have audited the attached Balance Sheet of Punjab
National bank as at 31st March, 2012, the Profit and Loss
Account and Cash Flow Statement annexed thereto for the
year ended on that date, in which are incorporated the returns
of (i) 20 branches, 23 ZAOs/ZTCs/RSCs/CSC and controlling
offices audited by us (ii) 3894 branches (including 4 foreign
branches and 1 Offshore Banking Unit and 14 other offices)
audited by other auditors and (iii) 1901 branches not subjected
to audit. These unaudited branches account for 1.80% of
advances, 7.72% of deposits, 1.54% of interest income and
6.54% of interest expenses. The branches selected by the
Bank for audit are in accordance with the guidelines issued by
the Reserve Bank of India.
2. These financial statements are the responsibility of the Bank's
management. Our responsibility is to express an opinion on
these financial statements based on our audit.
3. We conducted our audit in accordance with the auditing
standards generally accepted in India. Those standards require
that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of
material misstatements. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing
the accounting principles used and significant estimates made
by the management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
4. The Balance Sheet and Profit and Loss Account have been
drawn up in forms A and B respectively of the Third Schedule
to the Banking Regulation Act, 1949.
5. Emphasis of Matter:
Without qualifying our opinion, we draw attention to Note
No. 16 in Schedule 18 to the financial statements, which
describes deferment of pension and gratuity liability of the
bank to the extent of Rs.1994.19 crores pursuant to the
exemption granted by the Reserve Bank of India to the public
sector banks from application of the provisions of Accounting
Standard (AS) 15, Employee Benefits vide its circular no.
DBOD.BP.BC/80/21.04.018/2010-11 on Re-opening of
Pension Option to Employees of Public Sector Banks and
Enhancement in Gratuity Limits - Prudential Regulatory
Treatment.
6. Subject to the limitations of the audit as indicated in paragraph
1 above and as required by the Banking companies
("Acquisition and Transfer of Undertakings) Act,1970 and also
subject to the limitations of disclosure required therein, we
report that:
a) In our opinion and to the best of our information and
according to the explanations given to us and as shown
by the books of the Bank and in conformity with the
accounting principles generally accepted in India:
¬=rr¤tt+r¤r ¤r ¤fa¤ªª
=¤r n
+rrta ¤ trrº¤fa
¡. tn- ¤¤|¤ -z|-n ¤+ + ª¡ n|- .º¡. + =n·- -n-¤·| ~|·
-+- l-l·| +| =n|-- ¤·| + n|·|t|l- º||- -·|| -=+ =|·| =n·-
-ª<i ¤¤|t l¤¤·º| ¤·| +i nº||¤·i-|| +i t l¤=n :i| tn|· ,|·|
nº||¤·il-|- .º z||º||~| .ª ~|-ln+ nº|| ¤·i-|| +|¤|n¤/~|-ln+
¤lz|-|º| +-</-|·|i¤ ªº|¤· +|n¤/+-<i¤ ªº|¤· +|n¤ ~|· l-¤·|+
+|¤|n¤| :ii| ~-¤ nº|| ¤·i-|+| ,|·| nº||¤·il-|- ªºº: z||º||~|
:: l¤<z|i z||º||~| ~|· ¡ ~|¤·z||· ¤l+ª ¤¸l-º =lt-| -·|| ¡:
~-¤ +|¤|n¤| ~|· :iii| ¡ºº¡ ª· nº||¤·il-|- z||º||~| +i l¤¤l·º|¤|
z||lnn t :- ª · nº||¤·il-|- z||º||~| +i ~lª n| n ¡.ºº% ¤n|·lz|¤|
n ..% ·¤|¤ ~|¤ n ¡.·:% -·|| ·¤|¤ ·¤¤ n ·.·:% ~z| t
¤+ - nº|| ¤·i-|| + ln( z||º||~| +| -¤- ·||·-i¤ l·¤¤ ¤+ ,|·|
¤|·i n|ªl-<z|| + ~-=|· l+¤| t
.. :- l¤-|i¤ l¤¤·º| ¤·|| +i l¤-n<|·i ¤+ ¤¤-¬- +i t tn|·i
l¤-n<|·i :- l¤¤·º| ¤·|| ¤· tn|· ,|·| +i ª: nº|| ¤·i-|| +
~|¬|· ¤· n- ¤+º +·- -+ t
ª. tn- ·||·- n =|n|-¤-· ª¤i|- nº||+- n|-+| + ~-=|· nº||¤·i-||
+i t ¤ n|-+ ¤t ~¤-|| +·- t l+ tn nº||¤·i-|| +i ~|¤|¤-|
-·|| -=+| l-·¤|<- := ¤+|· +· l+ tn l¤-|i¤ l¤¤·º| ¤·|| +
=-¤-¬ n (=| =nl-- ~|z¤|=- lnn ¤|( l+ --n +|: ·|lº -ti
t nº||¤·i-|| n (= =|-¤| +i ¤·i-|º| + -|· ¤· ¤|- +i ¤|-i t
¤| l¤-|i¤ l¤¤·º| ¤·|| n -l-nlº|- ·|lz|¤| -·|| ¤+ºi+·º| + =n·|-
n l<( ¤|- t nº||¤·i-|| n ¤¤-¬- ,|·| -¤¤|ª n n|( ª( nº||+-
l=z| - -·| | -=+ ,| ·| nª| ( ª( =| ·| + ~- n| -| +|
l-¬|·º| -·|| =nª- l¤-|i¤ l¤¤·º| ¤·| +i ¤ª-l- +| n-¤|+- +·-|
·|i z||lnn t tn l¤z¤|= t l+ tn|· ,|·| +i ª: nº||¤·i-|| -
tn|· ~l·|n- +| =nl-- ~|¬|· ¤<|- l+¤| t
:. -n-¤·| ¤ n|·| -·|| t|l- º||-| ¤l+ª l¤l-¤n- ~l¬l-¤n ¡º:º +i
--i¤ ~-=¸-i + +nz|· ¤·|n '(' ~|· ¤i n -¤|· l+( ª( t
·. nt·¤¤¸º| n|nn|·
~¤- n- + =|·| +|: z|- nª|( l¤-| tn l¤-|i¤ l¤¤·º| +i
~-¸=n-i =º¤| ¡º +i lº-¤º|i =º¤| ¡· +i ~|· ·¤|- ~|+l·|-
+·- t l¤=n ¤t +t| ª¤| t l+ ·||·-i¤ l·¤¤ ¤+ ,|·| =|¤¤l-+
-|·| + ¤+| + +n-|l·¤| + ln( ¤z|- l¤+-¤ ¤-· º||n- -·||
-¤<|- =in|~| n ¤lzl¤¤+¤¸º| l¤l-¤|n+ ·¤¤t|· + =-¤-¬ n
-=+ ¤l·¤·| =º¤| ÷i¤i~|÷i ¤i¤i ¤i=i/ºº/.¡.º:.º¡º/.º¡º¡¡
+ ~-=|· nº|| n|-+ ¡· +n-|·i n|·| + ¤|¤¬|-| +| =|¤¤l-+
-|·| + ¤+| ¤· n|ª¸ l+¤ ¤|- = ¤¸º + ¤·nª¤ª¤ ª¤¤ ¡ºº:.¡º
+·|÷ -+ ¤+ +i ¤z|- -·|| -¤<|- <¤-| + ~|ª·|ª- +| --nº|
t
·. -¤¤+- ¤·| ¡ n -l-nlº|- nº||¤·i-|| +i =in|~| + -·|| ¤l+ª
+-¤-i :-¤+n| +| ~¤- -·|| ~-·º|| ~l¬l-¤n ¡ºº ,|·|
¤·||¤l-|- -·|| -=n ~¤l-|- ¤+ºi+·º| =in|~| + ~·¤¬i- tn
¤l-¤l<- +·- t
+. tn|·i =-nl- ¤ =¤|-|n ¤|-+|·i ~|· tn l<( ª( ª-·ºi+·º||
+ ~-=|· ¤ ¤+ +i nº||¤lt¤| n ¤·||¤<lz|- -·|| ·||·- n
=|n|-¤-¤| ª¤i|- nº||+- l=z|--| + ~-ª¤·
165
i. The Balance Sheet read with significant accounting
policies and notes thereon, is a full and fair Balance
Sheet containing the necessary particulars, and is
properly drawn up so as to exhibit a true and fair
view of the state of affairs of the Bank as at 31st
March 2012.
ii. The Profit and Loss Account read with the significant
accounting policies and notes thereon shows a true
balance of the profit for the year covered by the
account; and
iii. The Cash Flow Statement gives a true and fair view
of cash flows for the year covered by the statement.
b) In our opinion the Balance Sheet, Profit & Loss Account
& Cash Flow Statement comply with the applicable
Accounting Standards.
c) We have obtained all the information and explanations,
which to the best of our knowledge and belief were
necessary for the purpose of our audit and have found
them to be satisfactory.
d) The transactions of the Bank, which have come to our
notice, have been within its powers.
e) The returns received from the offices and branches of
the Bank have been found adequate for the purpose of
our audit.
M/s V. K. Verma & Co. M/s Mookherjee Biswas & Pathak
Chartered Accountants Chartered Accountants
FRN 000386N FRN 301138E
(Pradeep Verma) (A. Chatterjee)
Partner Partner
Membership No.088393 Membership No.061551
M/s Amit Ray & Co. M/s Sarda & Pareek
Chartered Accountants Chartered Accountants
FRN 000483C FRN 109262W
(Basudeb Banerjee) (Niranjan Joshi)
Partner Partner
Membership No. 070468 Membership No.102789
M/s Borkar & Muzumdar M/s G. S. Madhava Rao & Co.
Chartered Accountants Chartered Accountants
FRN 101569W FRN 001907S
(B M Agarwal) (G. Manikya Prasad)
Partner Partner
Membership No.033254 Membership No.020105
Place: New Delhi
Date: 09/05/2012
i. º||-| = =-¤l-¬- lº-¤lº|¤| ~|· ¤nº| nº|| l¤l¬ =-¤-·|i
-il-¤| + =|·| ¤la- -n-¤·| (+ ¤¸º| -·|| -l-- -n-¤·|
t l¤=n =·|i ~|¤z¤+ l¤¤·º| l<( ª( t ~|· ¤t :=
-·t = -¤|· l+¤| ª¤| t l+ :=n ¤+ +|¤| +i ª¡
n|- .º¡. +i =ti ~|· -l-- lª·|l- ¤<lz|- t|-i t
ii. º||-| = =-¤l-¬- lº-¤lº|¤| ~|· ¤nº| nº|| l¤l¬ =-¤-·|i
-il-¤| + =|·| ¤la- n|·|t|l- º||- + ~--ª- ¤·| +
n|·| +| =ti z|·| <z||-| t ~|·
iii. -+<i ¤¤|t l¤¤·º| ¤·| -=+ ~--ª- ~|- ¤|ni ~¤l¬
t- =ti ~|· -l-- -+< ¤¤|t <z||-| t
º|. tn|· n- n -n-¤·| n|·| ¤ t|l- nº|| ~|· -+<i ¤¤|t
l¤¤·º| n|ª¸ nº||+·º| n|-+| + ~-=|· t
ª. tn|·i =¤|-|n ¤|-+|·i ~|· l¤z¤|= + ~-=|· nº|| ¤·i-|| +
ln( ¤| ·|i =¸--| ¤ ª¤·ºi+·º| ~|¤z¤+ ·| ¤ tn ¤|-- t|
ª( t ~|· tn- --t =-|·|¤-+ ¤|¤| t
·|. ¤+ + ¤| n-<- tn|·i ¤|-+|·i n ~|( t ¤ ¤+ +i z|l+-¤|
+ ~--ª- t
÷. ¤+ + +|¤|n¤| ¤ z||º||~| = ¤|-- l¤¤l·º|¤| tn|·i nº||
¤·i-|| + ¤¤|¤-|·| ¤¤|-- ¤|: ª: t
|- ¤i + ¤n| (÷ +. |- nº|¤i l¤ª¤|= (÷ ¤|a+
=-<i nº||+|· =-<i nº||+|·
(¤·~|·(- ºººªº·(- (¤·~|·(- ªº¡¡ªº:
:¤<i¤ ¤n||
-º¤i|=|¤<|· =|¤<|·
=<ª¤-| =. 088393 =<ª¤-| =. º·¡··¡
|- ~ln- · (÷ +. |- =|·<| (÷ ¤|·i+
=-<i nº||+|· =-<i nº||+|·
(¤·~|·(- ººº:ºª=i (¤·~|·(- ¡ºº.·.÷·n¤¸
:¤|=<¤ ¤¤-¤i| :l-·¤- ¤|z|i|
=|¤<|· =|¤<|·
=<ª¤-| =. º·º:·º =<ª¤-| =. ¡º.ºº
|- ¤|·+· (¤ n¤n<|· |- ¤i (= n|¬¤ ·|¤ (÷ +.
=-<i nº||+|· =-<i nº||+|·
(¤·~|·(- 101569÷·-¤¸ (¤·~|·(- 001907(=
:¤i. (n. ~ª¤|n| :¤i. n|lº|+¤ ¤=|<|
=|¤<|· =|¤<|·
=<ª¤-| =. ºªª.·: =<ª¤-| =. º.º¡º·
ª·||- · -: l<-ni
l<-|+ · 09/05/2012
168
s+ nr¤, zo+z ¤t ftºrfa ¤ =ª=rt ¤¬r¤ ªrrª¬ ¤¤ ¤r =nf¤a a¬ª-¤·r
CONSOLIDATED BALANCE SHEET OF PUNJAB NATIONAL BANK AS ON 31ST MARCH, 2012
(ª¤¤ +·|÷ n / ` in Crore)
=ª =¸ ¤t s+.os.+z ¤r s+.os.++ ¤r
Schedule As on 31.03.12 As on 31.03.11
¤¸¬t =rt ª¤arq
CAPITAL & LIABILITIES
¤¸¤i 1 339.18 316.81
Capital
¤|·l-|- l-l¬ ~|· ~l¬z|·| 2 28864.66 22297.85
Reserves & Surplus
~-¤|z| lt- 2+/A 331.42 301.29
Minority Interest
¤n|·|lz|¤| 3 384408.22 316231.93
Deposits
-¬|· 4 42645.42 34638.50
Borrowings
~-¤ <¤-|( ~|· ¤|¤¬|- 5 13856.49 12497.43
Other Liabilities and Provisions
¬rz.TOTAL 470445.39 386283.81
=rfta¤r
ASSETS
-+<i ~| · ·||·-i¤ l·¤¤ ¤ + + ¤|= ¤n| z|·| 6 18507.64 23791.19
Cash & Balances with Reserve Bank of India
¤+| + ¤|= ¤n| z|·| ~|· n|ª -·|| ~-¤ =¸--| ¤· ¤|-¤ ¬- 7 11612.25 6300.11
Balances with Banks & Money at call & short notice
l-¤z| 8 125746.34 96911.28
Investments
+º| ~| · ~lª n 9 301346.52 247746.58
Loans & Advances
~-n ~|lª-¤| 10 3217.14 3150.48
Fixed Assets
~-¤ ~|lª-¤| 11 10015.50 8384.17
Other Assets
¬rz.TOTAL 470445.39 386283.81
~|+lªn+ < ¤-|( 12 212421.74 127611.28
Contingent Liabilities
¤=¸ ni + ln( l¤n 16322.79 11981.55
Bills for Collection
¤n=r ¬=rr¤ª ªtfa¤r 17
Significant Accounting Policies
¬=rr fºt¤f¢r¤r 18
Notes on Accounts
¡ = ¡º +i ~-=¸l-¤| =¤l¬- nº|| +| ~l·|-- ~ª t
The Schedules 1 to 18 form an integral part of the Accounts.
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--| -·|| ~---=¤ nº¤- ·|+z| =ai + ~|· +|n-
nº¤ ¤ ¤¬+ -¤ nt|¤ ¤¬+ nt|¤ ¤ ¬+ +|¤ ¤|n+ l-<z|+ +|¤ ¤|n+ l-<z|+ ~·¤-| (¤ ¤ ¤-¬ l-<z|+
M NANDAKUMAR R R VOORE V K KHANNA USHA ANANTHASUBRAMANIAN RAKESH SETHI K R KAMATH
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR CHAIRMAN & MANAGING DIRECTOR
~-·|ª ¤ - ¤=¤i· l=t ¤i ¤i -| ¬·i (n ( ~--n ¤ <i¤ +n|· (n ¤i l=t (n (- ª|¤i-|·| ÷i + l=ªn| =-in ª--|
l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+
ANURAG JAIN JASBIR SINGH B B CHAUDHRY M A ANTULAY PRADEEP KUMAR M P SINGH M N GOPINATH D K SINGLA SUNIL GUPTA
DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR
rnrtt =r¬ ¤t ft¤r º ¤ =ª =rt.As per our Report of even date
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤ª¤|= (÷ ¤|a+ +- ~ln- · (÷ +-¤-i +- =|·<| (÷ ¤|·i+ +- ¤|·+· (÷ n¤¸n<|· +- ¤i (= n|¬¤ ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co. For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Acccountants Chartered Accountants Chartered Acccountants
:¤ <i¤ ¤n| =|¤<|·|
-º¤i =|¤<|·| :¤|=¸<¤ ¤-¤i =|¤<|·| :l-·¤- ¤|z|i=|¤<|·| :¤i (n ~ª ¤|n=|¤<|·| :¤i n|lº|+¤ ¤ =|<=|¤<|·|=<ª¤ =º¤|088393, (¤·~|·(- 000386(- =<ª¤ =º¤| 061551, (¤·~|·(- 301138: =<ª¤ =º¤| 070468, (¤·~|·(- 000483=i =<ª¤ =º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ =º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ =º¤| 020105, (¤·~|·(- 001907(=
(Pradeep Verma-Partner) (A Chatterjee- Partner) (Basudeb Banerjee-Partner) (Niranjan Joshi-Partner) (B M Agarwal-Partner) (G Manikya Prasad-Partner)
M No. 088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place : ª; fªr¬t.New Delhi
169
s+ nr¤, zo+z ¤r =nrta ¤rr ¤r =nf¤a ¬r+r ¤ rrfª =rrar
CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2012
(ª¤¤ +·|÷ n / ` in Crore)
=ª=¸¤t s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
Schedule year ended 31.03.12 year ended 31.03.11
I. =r¤
INCOME
~l¤ - ·¤|¤ 13 37447.31 27551.24
Interest earned
~-¤ ~|¤ 14 4239.51 3655.36
Other Income
¬rz.TOTAL 41686.82 31206.60
II. ª¤¤
EXPENDITURE
º|- l+¤| ª¤| ·¤|¤ 15 23741.40 15506.68
Interest expended
¤l·-|n- º|- 16 7121.91 6449.67
Operating expenses
¤ |¤¬|- ~| · ~|+lªn+-|¤ 5848.70 4734.66
Provisions and Contingencies
¬rz.TOTAL 36712.01 26691.01
~-¤|z| lt- = ¤¸¤ n¸n ¤ =t|¤+ =ª·||~| +| ¤·| + ln( =nl+- z|z n|·| 4974.81 4515.59
Consolidated Net Profit for the year of the parent & subsidiaries before Minority Interest
·|º|(· ~-¤|z| lt- 27.03 21.91
Less : Minority Interest
~-¤|z| lt- + ¤z-|-¸ n¸n ¤ =t|¤+ =ª·||~| +| ¤·| + ln( =nl+- z|z n|·| 4947.78 4493.68
Consolidated Net Profit for the year of the parent & subsidiaries after Minority Interest
=t|¤+ =ª·||~| n ~¤ - +| ~z| :z|z| 77.68 81.05
Share of earnings in Associates (net)
¤·| + ln( =n¸ t +| =n l+- z| z n|·| 5025.46 4574.73
Consolidated Net Profit for the year attributable to the group
¤|÷· =n¸t +| ~|ª n|¤| ª¤| =nl+- n|·| 452.25 359.49
Add : Brought forward consolidated profit attributable to the group
f¤fª¤r ¬ª ¤ f¬q s¤¬ª¤ ¬r+r 5477.71 4934.22
Profit available for Appropriation
f¤fª¤r ¬ª
APPROPRIATIONS
¤|·l-|l-¤| n ~-·º| :z|z|
Transfer to Reserves (Net) :
=|l¤l¬+ ¤ |·l-|- l-l¬ 1291.81 1114.49
Statutory Reserve
¤¸¤i ¤ |·l-|- l-l¬~-¤ 33.43 12.02
Capital Reserve - Others
l-¤z| ·|º ¤· ¤ |·l-|- l-l¬ 0.00 0.00
Investment Fluctuation Reserve
~-¤ ¤ |·l-|- l-l¬ 2688.18 2415.20
Other Reserve
l¤z|·| ¤ |·l-|- l-l¬ 151.45 152.42
Special Reserve
¬r+rrrr ¤t =fra ¬r+rrrr
Dividend Including Dividend Tax
.º¡¡¡. + ln( ¤ ª-|l¤- n|·|| z| 868.78 814.15
Proposed Dividend for 2011-12
~-l·n n|·||z| 0.00 0.00
Interim Dividend
=nl+- -n-¤·| n n ¤|¤| ª¤| ¤n| z|·| 444.06 425.94
Balance carried over to consolidated Balance Sheet
¬rz.TOTAL 5477.71 4934.22
¤l- z|¤· ~¤- :ª¤¤| n| ª· ¤|l·|+i+- 148.17 145.08
Earnings per Share (In Rs.) Non-Annualised
¬=rr ªtfa¤r aºrr ¬=rr fºt¤f¢r¤r
Accounting Policy and Notes on Accounts 18
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--| -·|| ~---=¤ nº¤- ·|+z| =ai + ~|· +|n-
nº¤ ¤ ¤¬+ -¤ nt|¤ ¤¬+ nt|¤ ¤ ¬+ +|¤ ¤|n+ l-<z|+ +|¤ ¤|n+ l-<z|+ ~·¤-| (¤ ¤ ¤-¬ l-<z|+
M NANDAKUMAR R R VOORE V K KHANNA USHA ANANTHASUBRAMANIAN RAKESH SETHI K R KAMATH
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR CHAIRMAN & MANAGING DIRECTOR
~-·|ª ¤ - ¤=¤i· l=t ¤i ¤i -| ¬·i (n ( ~--n ¤ <i¤ +n|· (n ¤i l=t (n (- ª|¤i-|·| ÷i + l=ªn| =-in ª--|
l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+ l-<z|+
ANURAG JAIN JASBIR SINGH B B CHAUDHRY M A ANTULAY PRADEEP KUMAR M P SINGH M N GOPINATH D K SINGLA SUNIL GUPTA
DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR
rnrtt =r¬ ¤t ft¤r º ¤ =ª =rt.As per our Report of even date
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤ª¤|= (÷ ¤|a+ +- ~ln- · (÷ +-¤-i +- =|·<| (÷ ¤|·i+ +- ¤|·+· (÷ n¤¸n<|· +- ¤i (= n|¬¤ ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co. For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Acccountants Chartered Accountants Chartered Acccountants
:¤ <i¤ ¤n| =|¤<|·|
-º¤i =|¤<|·| :¤|=¸<¤ ¤-¤i =|¤<|·| :l-·¤- ¤|z|i=|¤<|·| :¤i (n ~ª ¤|n=|¤<|·| :¤i n|lº|+¤ ¤ =|<=|¤<|·|=<ª¤ =º¤|088393, (¤·~|·(- 000386(- =<ª¤ =º¤| 061551, (¤·~|·(- 301138: =<ª¤ =º¤| 070468, (¤·~|·(- 000483=i =<ª¤ =º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ =º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ =º¤| 020105, (¤·~|·(- 001907(=
(Pradeep Verma-Partner) (A Chatterjee- Partner) (Basudeb Banerjee-Partner) (Niranjan Joshi-Partner) (B M Agarwal-Partner) (G Manikya Prasad-Partner)
M No. 088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place : ª; fªr¬t.New Delhi
170
=ª=¸¤t + - ¤¸¬t
SCHEDULE 1 - CAPITAL
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
¤rf¤¤a
300,00,00,000 :l+¤ºi z|¤· ¤ ·¤+ ª. ¡º +|
Authorised
300,00,00,000 Equity Shares of Rs. 10 each 3000.00 3000.00
¬rtt aºrr =f+rª-r
¤ ·¤+ ª. ¡º + 33,91,78,683 :l+¤ºi z|¤·
Issued & Subscribed
33,91,78,683 Equity Shares of Rs. 10 each 339.18 316.81
¤ª-r
33,91,78,683 :l+¤ºi z|¤· ¤ ·¤+ ª. ¡º +|
:+-< i¤ =·+|· ,|·| ¬|l·- 19,02,76,876 :l+¤ºi z|¤· ¤ ·¤+ ª. ¡º +| z||lnn t |
Paid Up
33,91,78,683 Equity shares of Rs. 10 each 339.18 316.81
(includes 19,02,76,876 Equity Shares of Rs. 10 each
held by Central Government)
¬rz.TOTAL 339.18 316.81
=ª=¸¤t z - ¤rtf+ra fªf¤¤r =rt =f¤rrrr
SCHEDULE 2 - RESERVES & SURPLUS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. =rf¤f¤¤ ¤rtf+ra fªf¤¤r
Statutory Reserves
¤|·l-·|+ z|·|
Opening Balance 5804.71 4690.22
¤·| + <| ·|- ¤lz
Addition during the year 1225.26 1114.49
7029.97 5804.71
II. ¤¸¬tna ¤rtf+ra fªf¤¤r
Capital Reserves
¤¸ ¤ªn¸r¤ª ¤rtf+ra fªf¤
a) Revaluation Reserve
¤|·l-·|+ z|·|
Opening Balance 1475.91 1491.99
¤·| + <| ·|- ¤lz
Addition during the year 1.13 5.16
¤·| + <|·|- +º|l-¤|
:¤l·=-¤l-| + ¤-n¸ -¤- ·||ª ¤· n¸-¤r|=|
Deduction during the year 21.56 21.23
(being depreciation on revalued portion of property) 1455.48 1475.92
=r¸ =-¤
b) Others
¤|·l-·|+ z|·|
Opening Balance 1101.58 1089.57
¤·| + <| ·|- ¤lz
Addition during the year 33.43 12.02
1135.01 1101.59
II.= =n¤ª ¤t ¤¸¬t ¤rtf+ra fªf¤ (rrq¸
A. Capital Reserve on consolidation (Net) 66.53 54.96
III. tr¬t¤ aºrr =-¤ ¤rtf+ra fªf¤¤r
Revenue and other Reserves
¤¸ fª¤rr rrº-¤z ¤rtf+ra fªf¤
a) Investment Fluctuation Reserve
¤|·l-·|+ z|·|
Opening Balance 170.11 170.11
¤·| + <| ·|- ¤lz
Addition during the year 0.00 0.00
·|º|¤· n|·| ¤ t|l- l¤l-¤|¤- nº| n ~-·º|
Less:Transfer to P&L Appropriation A/c 0.00 0.00
170.11 170.11
171
=ª=¸¤t z - ¤rtf+ra fªf¤¤r =rt =f¤rrrr
SCHEDULE 2 - RESERVES & SURPLUS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
º|| ~-¤ ¤|·l-|- l-l¬
b) Other Reserve
¤|·l-·|+ z|·|
Opening Balance 10539.92 8116.78
¤·| + <| ·|- ¤lz
Adding during the year 2807.21 2423.15
l¤z|·| ¤|·l-|- l-l¬ +| ~-l·-
Transferred to Special Reserve 0.00 0.00
·|º|(· l¤¤n ¤·|| = =-¤z =n|¤|¤-
Less: Adjustment related to Prior years 0.00 0.00
·|º|(· =+nº|z|in <¤-| :nº|| n|-+¡·|
Less: Transistory Liability (AS-15) 0.00 0.00
·|º|(· ~-· ~¤ªz º||-| + ln( ·|ª-|-
Less: Payment for Interblocked accounts 0.00 0.00
13347.13 10539.93
ª| l¤l-n¤ ·|º¤· ¤ |·l-|- l-l¬
c. Exchange Fluctuation Reserve
¤|·l-·|+ z|·|
Opening Balance 0.00 1.49
¤|÷· ¤·| + <|·|- ¤lz :z|z|
Add: Addition during the year (Net) 34.94 0.00
·|º|(· ¤·| + <| ·|- ~|t·º| :z|z|
Less: Withdrawn during the year (Net) 0.00 1.49
34.94 0.00
IV. z|¤· ¤ iln¤n
Share Premium
¤|·l-·|+ z|·|
Opening Balance 2193.92 2011.43
¤·| + <| ·|- ¤lz
Addition during the year 2222.57 182.49
4416.49 2193.92
V. l¤z|·| ¤ |·l-|- l-l¬
Special Reserve
¤|·l-·|+ z|·|
Opening Balance 544.58 392.16
¤·| + <| ·|- ¤lz
Addition during the year 151.45 152.42
~-¤ ¤|·l-|- l-l¬ = ~-·º|
Transfer from other reserve 0.00 0.00
696.03 544.58
VI. l¤<z|i n<| ~-·º| ¤|·l-|- l-l¬
Foreign Currency Translation Reserve
¤|·l-·|+ z|·|
Opening Balance -13.81 -6.72
¤·| + <| ·|- ¤lz
Addition during the year 0.00 0.00
¤·| + <|·|- +º|-i
Deduction during the year -82.69 7.09
68.88 -13.81
VII. n|·|t|l- º||- n z|·|
Balance in Profit & Loss Account 444.09 425.94
Total I,II,,III,IV,V,VI, VII ¤r ¬rz 28864.66 22297.85
=ª=¸¤t z= - =r¤rrr fra
SCHEDULE 2A - MINORITY INTEREST
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
-= -|·iº| +| ~-¤|z| lt- ¤¤ n¸n -·|| =t|¤+ =ª·|| +| =¤¬ ~lª-·¤ n ~|¤|
Minority Interest at the date on which the parent subsidiary relationship came into existence 149.25 149.25
¤·¤-i ¤lz
Subsequent increase 182.17 152.04
a¬ª-¤·r ¤t artt=r ¤r =r¤rrr fra
Minority Interest at the date of balance sheet 331.42 301.29
172
=ª=¸¤t s - ¬nrtrfrr¤r
SCHEDULE 3 - DEPOSITS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. nrn ¬nrtrfrr¤r
Demand Deposits
(i) ¤+| =
From Banks 2194.70 2326.12
(ii) ~-¤ =
From Others 26624.10 24806.45
28818.80 27132.57
II. ¤¤a ¤¤ ¬nrtrfrr¤r
Savings Bank Deposits 105910.51 93663.71
III. nt¤rªt ¬nrtrfrr¤r
Term Deposits
~ (i) ¤+| =
A From Banks 14658.86 12078.57
(ii) ~-¤ =
From Others 235020.05 183357.08
249678.91 195435.65
Total I, II & III ¤r ¬rz 384408.22 316231.93
¤ (i) ·||·- n lª·|- z||º||~| +i ¤n|·|lz|¤|
B Deposits of branches in India 370686.28 307245.55
(ii) ·||·- = ¤|t· lª·|- z||º||~| +i ¤n|·|lz|¤|
Deposits of branches outside India 13721.94 8986.38
TOTAL B (i) ¤ & (ii) (=r¸ ¤r ¬rz 384402.22 316231.93
=ª=¸¤t + - s¤rt
SCHEDULE 4 - BORROWINGS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n s¤rt
Borrowings in India
(i) ·||·-i¤ l·¤¤ ¤+
Reserve Bank of India 10757.61 9510.00
(ii) ~-¤ ¤+| =
Other Banks 1473.51 849.14
(iii) ~-¤ =ª·||~| ~|· (¤l=¤| =
Other Institutions and Agencies 3975.45 3953.82
(iv) ¤|º÷ :ºi¤· ºi¤· ª| º| +º| =lt-|
Bonds (including Tier-I, Tier-II, Subordinated Debts) 11442.01 11427.62
II. +rrta = ¤rrt s¤rt
Borrowings outside India 14996.84 8897.92
Total of I, II ¤r ¬rz 42645.42 34638.50
s¤¤¤a ì q¤ ìì n rrrfn¬ ¤fa+r¸a s¤rt
Secured Borrowings included in I & II above 13209.52 10676.24
173
=ª=¸¤t s - =-¤ ª¤arq =rt ¤r¤¤rª
SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. < ¤ l¤n
Bills Payable 2139.02 2098.65
II. ~-· +|¤| n¤ =n|¤|¤- :z|z|
Inter-Office adjustments (net) 56.73 31.60
III. -¤l-- ·¤|¤
Interest accrued 708.44 530.68
IV ~-¤ :¤ |¤¬|-| =lt-|
Others (including Provisions) 10952.30 9836.50
Total of I, II, III, IV, V ¤r ¬rz 13856.49 12497.43
=ª=¸¤t e - ª¤ªt =rt +rrtat¤ ft”r¤ ¤¤ ¤ ¤r= rrrr
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. rrºr n ª¤ªt (f¤ªrrt nªr ªrºr =fra¸
Cash in hand (including foreign currency notes) 1949.91 1737.85
II. +rrtat¤ ft”r¤ ¤¤ ¤ ¤r= rrrr
Balance with Reserve Bank of India
:+| -|n¸ º||- n/(i) In Current Account 16557.73 22053.34
:º|| ~-¤ º||-| n/(ii) In Other Accounts 0.00 0.00
16557.73 22053.34
Total of I & II ¤r ¬rz 18507.64 23791.19
=ª=¸¤t z - ¤¤r ¤ ¤r= ¬nr rrrr, nrn =rt =r¤ =¸¤ªr ¤t ¤rt¤ ¤ª
SCHEDULE 7 - BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n/In India
(i) ¤+| + ¤|= z|·|
Balances with Banks
+| -|n¸ º||-| n
a) In Current Accounts 784.21 481.50
º|| ~-¤ ¤n| º||-| n
b) In Other Deposit Accounts 3082.94 1626.59
3867.15 2108.09
(ii) n|ª ~|· ~-¤ =¸--| ¤· ¤|-¤ ¬-
Money at Call and Short Notice
+| ¤+| + ¤|=
a) with Banks 1255.52 719.60
º|| ~-¤ =ª·||~| + ¤|=
b) with Other Institutions 1717.44 0.00
2972.96 719.60
TOTAL OF i & ii ¤r ¬rz 6840.11 2827.69
II. +rrta = ¤rrt/Outside India
(i) -|n¸ º||-| n
In Current Accounts 1819.77 1810.01
(ii) ~-¤ ¤n| º||-| n
In Other Deposit Accounts 1835.20 1032.60
(iii) n|ª ~|· ~-¤ =¸--| ¤· ¤|-¤ ¬-
Money at Call & Short Notice 1117.17 629.81
¬rz.TOTAL 4772.14 3472.42
GRAND TOTAL of I, II ¤r ¤¬ ¬rz 11612.25 6300.11
174
=ª=¸¤t s - fª¤rr
SCHEDULE 8 - INVESTMENTS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. +rrta n fªrªf¬f=ra n fª¤rr
Investments in India in
(i) =·+|·i ¤l-·|¸l-¤|
Government Securities 102260.54 80676.99
(ii) ~-¤ ~-n|l<- ¤l-·|¸l-¤|
Other Approved Securities 223.27 373.86
(iii) z|¤·
Shares 2617.17 2564.32
(iv) l÷¤-· ~|· ¤|º÷
Debentures and Bonds 8336.73 5493.29
(v) =t|¤+ =ª·||~| n l-¤z| ::l+¤ºi ¤zl- ¤·|
Investment in Associates (on equity method) 712.88 529.98
(vi) ~-¤
:¤¸ºi~|: ~|· -=+ ¤¸l-º·: n ¤|·l-·|+ ¤¸¤i
l¤l·|-- -¤¸-~n ¤·÷ ¤ ¤|lº|l-¤+ ¤·| ~|l< n|
Others 10791.00 6760.84
(Initial Capital in UTI and its units-64;
various Mutual Funds & Commercial Paper etc.)
TOTAL of I ¤r ¬rz 124941.59 96399.28
II. +rrta = ¤rrt fª¤rr
Investments Outside India
(i) =·+|·i ¤l-·|¸l-¤|
Government Securities 286.04 32.02
(ii) =t|¤+ =ª·||~| n l-¤z| ::l+¤ºi ¤zl- ¤·|
Investment in Associates (on equity method) 373.51 40.68
(iii) ~-¤ l-¤z|
Other Investments 145.20 439.30
TOTAL of II ¤r ¬rz 804.75 512.00
III. +rrta n fª¤rr
Investments in India
i) l-¤z|| +| =+n n¸-¤
Gross value of Investments 125483.96 96767.91
ii) ·|º|(· n¸-¤r|= + ln( ¤ |¤¬|-| +| ¤|÷
Less: Aggregate of Provisions for Depreciation 542.37 368.63
iii) z|z l-¤z|
Net Investment 124941.59 96399.28
IV. +rrta = ¤rrt fª¤rr
Investments outside India
i) l-¤z|| +| =+n n¸-¤
Gross value of Investments 804.75 512.00
ii) ·|º|(· n¸-¤r|= + ln( ¤ |¤¬|-| +| ¤|÷
Less: Aggregate of Provisions for Depreciation 0.00 0.00
iii) z|z l-¤z|
Net Investments 804.75 512.00
GRAND TOTAL of (I), (II) ¤r ¤¬ ¬rz 125746.34 96911.28
175
=ª=¸¤t v - =fnn
SCHEDULE 9 - ADVANCES
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
~ (i) º|·i< ~|· ·|-|¤ ª( l¤n
A Bills purchased and discounted 7612.41 7019.95
(ii) -+< -¬|· ~|¤·÷|+º ~| · n|ª ¤· <¤ +º|
Cash Credits, Overdrafts & Loans repayable on demand 144753.99 114888.48
(iii) ni¤|<i +º|
Term Loans 148980.12 125838.15
¬rz.Total 301346.52 247746.58
~| (i) n¸- ~|lª-¤| ,|·| ¤l-·|¸- ::=n ¤ti +º|| ¤· l<( ª¤ ~lªn z||lnn t|
B Secured by tangible assets (Including advances against Book Debts) 259668.91 206057.66
(ii) ¤+/=·+|· +i ª|·ºi ,|·| =·l-|-
Covered by Bank/Government guarantees 17230.65 11671.93
(iii) ~¤l-·|¸-
Unsecured 24446.96 30016.99
¬rz.Total 301346.52 247746.58
; (I) +rrta n fª¤rr
C Advances in India
(i) ¤|·|ln+-| -|·|
Priority Sector 94018.97 80702.15
(ii) =|¤ ¤l-+ -|·|
Public Sector 22672.71 17902.43
(iii) ¤+
Banks 2585.75 13822.05
(iv) ~-¤
Others 157499.20 120597.59
¬rz.Total 276776.63 233024.22
(II) +rrta = ¤rrt =fnn
Advances outside India
(i) ¤+| = ¤|-¤
Due from Banks 18040.21 11092.74
(ii) ~-¤ = ¤|-¤
Due from Others
:+|º|·i< ~| · ·|-|( ª( l¤n
(a) Bills Purchased & Discounted 518.21 466.14
:º||ni¤|<i +º|
(b) Term Loan 3848.16 2584.33
:ª| ~-¤
(c) Others 2163.31 579.15
¬rz.Total 24569.89 14722.36
; I ¤ II ¤r ¤¬ ¬rz GRAND TOTAL ( Total of C I & II) 301346.52 247746.58
176
=ª=¸¤t +o - =¤¬ =rfta¤r
SCHEDULE 10 - FIXED ASSETS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. ¤ft=t :·|¸ln =lt-|
Premises (including Land)
¤·| +i ¡ ~¤ n +i n|ª- ¤·
-At cost as on 1st April of the year 2627.62 2101.59
¤·| + <|·|- ¤lz
-Addition during the year 37.45 517.78
·|º|(· ¤·| + <|·|- +º|l-¤|
Less: Deductions during the year 0.00 0.03
¤-n¸-¤-
-Revaluation 0.00 5.16
·|º|(· ~¤ -+ n¸-¤r|=
Less: Depreciation to date 313.16 281.80
2351.91 2342.70
II. =-¤ =¤¬ =rfta¤r :¤·-i-· ~|· l¤·+=-· =lt-|
Other Fixed Assets (Including Furniture & Fixtures)
¤·| +i ¡ ~¤ n +i n|ª- ¤·
-At cost as on 1st April of the year 2356.28 2067.39
¤·| + <|·|- ¤lz
-Addition during the year 339.22 375.99
·|º|(· ¤·| + <|·|- +º|l-¤|
Less: Deductions during the year 79.76 90.07
·|º|(· ~¤ -+ n¸-¤r|=
Less: Depreciation to date 1792.54 1594.87
823.20 758.44
III ¤rt¤¸ºt =r¤º¤¤t
Computer Software
¤·| +i ¡ ~¤ n +i n|ª- ¤·
-At cost as on 1st April of the year 196.69 180.65
¤·| + <|·|- ¤lz
-Addition during the year 12.90 22.53
¤·| + <|·|- +º|l-¤|
-Deductions during the year 0.23 5.51
·|º|(· ~¤ -+ ¤l·z||l¬-
Less: Amortised to date 167.42 148.49
41.94 49.18
IV ¤º¸º¤r¬t =rfta¤r
Leased Assets
¤·| +i ¡ ~¤ n +i n|ª- ¤·
-At cost as on 1st April of the year 25.24 25.24
¤·| + <|·|- ¤lz
-Addition during the year 0.00 0.00
¤·| + <|·|- +º|l-¤|
-Deductions during the year 0.00 0.00
·|º|(· ~¤ -+ n¸-¤r|=
Less: Depreciation to date 25.15 25.08
0.09 0.16
TOTAL of I, II, III, IV ¤r ¬rz 3217.14 3150.48
177
=ª=¸¤t ++ - =-¤ =rfta¤r
SCHEDULE 11 - OTHER ASSETS
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I. -¤l-- ·¤|¤
Interest accrued 2930.11 2175.14
II. l<¤| ª¤| ~lª n +· / = |- ¤· +|º| ª¤| +· :¤ |¤¬|-| + -¤·|--|
Tax paid in advance / tax deducted at source (net of provisions) 1114.93 876.84
III. nº|-=|nªi ~|· ªº|-¤
Stationery and stamps 8.63 7.35
IV. <|¤| + l-¤º|- t- ¤|-- ª·¤l+ª ~|lª-¤|
Non-banking assets acquired in satisfaction of claims 43.78 41.96
V. ~|ª·|lª- +· ~|lª-¤| :z|z|
Deferred tax asset (net) 432.82 386.15
VI. ~-¤
Others 5485.23 4896.73
Total of I, II, III, IV, V, VI ¤r ¬rz 10015.50 8384.17
=ª=¸¤t +z - =r¤ftn¤ ª¤arq
SCHEDULE 12 - CONTINGENT LIABILITIES
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r s+.os.++ ¤r
As on 31.03.12 As on 31.03.11
I (i) ¤ + :=n¸t| + l¤ªz (= <|¤ l¤-t +º| + ª¤ n -ti n|-| ª¤| t
Claims against the Bank (Group) not acknowledged as debts 250.01 255.02
(ii) ~¤in| =<·|| ~|l< + ~¬i- l¤¤|l<- ~|¤ +· ¤ ·¤|¤ +· n|ª
Disputed income tax and interest tax demands under appeals, references,etc. 1160.87 883.14
II. ~|lz|+ ª¤ = ¤ <-| l-¤z|| + ln( <¤-|(
Liability for partly paid investments 0.01 0.01
III. ¤+|¤| ¤|¤<| l¤l-n¤ =l¤<|~| + +|·º| <¤-|(
Liability on account of outstanding forward exchange contracts 134031.69 67148.33
IV. ª|t+| +i ~|· = <i ª¤i ª|·lº¤|
Guarantees given on behalf of constituents:
(+) ·||·- n
(a) In India 24238.19 20663.05
(º|) ·||·- = ¤|t·
(b) Outside India 18098.76 12390.64
V. ª¤i+l-¤| ¤·a|+- ~|· ~-¤ <|l¤·¤
Acceptances, endorsements and other obligations 34327.30 25908.42
VI. ~-¤ n< l¤-+ ln( ¤ + ~|+lªn+ ª¤ = l¤-n<|· t
Other items for which the Bank (Group) is contingently liable 314.91 362.70
Total of I, II, III, IV, V, VI ¤r ¬rz 212421.74 127611.28
178
=ª=¸¤t +s - =f¬a ª¤r¬
SCHEDULE 13 - INTEREST EARNED
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. ~lªn|/l¤n| ¤· ·¤|¤/¤º¸º|
Interest/discount on Advances/Bills 28975.51 21565.35
II. l-¤z|| = ~|¤
Income on Investments 8172.36 5727.36
III. ·||·-i¤ l·¤¤ ¤ + + ¤|= ¤n|z|·| ~| · ~-¤ ~-· ¤ + l-l¬¤| ¤· ·¤|¤
Intt. on balances with Reserve Bank of India and other Inter-Bank funds 234.09 84.38
IV. ~-¤
Others 65.35 174.15
Total of I, II, III, IV ¤r ¬rz 37447.31 27551.24
=ª=¸¤t ++ - =-¤ =r¤
SCHEDULE 14 - OTHER INCOME
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. +niz|- l¤l-n¤ ~| · <n|ni
Commission, Exchange and Brokerage 2398.80 2067.51
II. ·|¸ln ·|¤- ~| · ~-¤ ~|lª-¤| +i l¤+i = n|·|
Profit on sale of land, buildings and other assets 4.62 3.44
·|º|(· ·|¸ln ·|¤- ~| · ~-¤ ~|lª-¤| +i l¤+i = t|l-
Less: Loss on sale of land, buildings and other assets 0.27 0.48
4.35 2.96
III. -¤¸-~n ¤·÷ = n|·||z| ~|¤
Dividend Income from Mutual Fund 193.08 224.96
IV. l¤<z|i n< | l¤l-n¤ n-<- = n|·|
Profit on Exchange Transaction 594.20 386.00
·|º|(· l¤<z|i n< | l¤l-n¤ n-<- = t|l-
Less: Loss on Exchange Transaction 14.78 2.37
579.42 383.63
V. l-¤z|| +i l¤+i = n|·|
Profit on sale of Investments 408.68 332.32
·|º|(· l-¤z|| +i l¤+i = t|l-
Less: Loss on sale of Investments 75.25 41.15
333.43 291.17
VI. l¤l¤¬ ~|¤
Miscellaneous Income 730.43 685.13
Total of I, II, III, IV, V, VI ¤r ¬rz 4239.51 3655.36
=ª=¸¤t +s - =r¤ f¤¤r n¤r ª¤r¬
SCHEDULE 15 - INTEREST EXPENDED
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. ¤n|·|lz|¤| ¤· ·¤|¤
Interest on Deposits 21529.78 13894.72
II. ·||·-i¤ l·”|¤ ¤+ +/~-· ¤+ -¬|·| ¤· ·¤|¤
Interest on Reserve Bank of India/inter-bank borrowings 496.85 305.06
III. ~-¤
Others 1714.77 1306.90
Total of I, II, III ¤r ¬rz 23741.40 15506.68
179
=ª=¸¤t +z - =rr¤¤ =tºrr=r n =¬ª . rrfª ¤r =rr
SCHEDULE 17 - SHARE OF EARNINGS/LOSS IN ASSOCIATES
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
:+|·||·- n =t|¤+ =ª·||~| n ~¤-| +| ltª=|
(a) Share of Earnings in Associates in India 67.29 72.35
:º||·||·- = ¤|t· =t|¤+ =ª·||~| n ~¤-| +| ltª=|
(b) Share of Earnings in Associates outside India 10.39 8.70
(¤ q¤ =r¸ ¤r ¬rz TOTAL of (a & b) 77.68 81.05
========== ==========
=ª=¸¤t +e - ¤ft¤r¬ª ª¤¤
SCHEDULE 16 - OPERATING EXPENSES
(ª¤¤ +·|÷ n / ` in Crore)
s+.os.+z ¤r =nrta ¤rr s+.os.++ ¤r =nrta ¤rr
year ended 31.03.12 year ended 31.03.11
I. +n-|l·¤| +| ·|ª-|- ~|· --+ ln( ¤|¤¬|-
Payments to and Provisions for employees 4775.14 4493.93
II. l+·|¤| +· ~| · l¤¤ni
Rent, Taxes and Lighting 373.49 316.35
III. n<º| (¤ nº|-=|nªi
Printing and Stationery 61.17 52.39
IV. l¤a|¤- ~|· ¤-|·
Advertisement and Publicity 45.68 44.36
V. ¤ + +i =¤l-| ¤· n¸-¤r|= / ¤l·z||¬-
Depreciation/Amortisation on Bank's property 323.00 285.82
·|º|(· ¤-n¸-¤- ¤|·l-|- l-l¬ = =n|¤|l¤-
Less: Adjusted with Revaluation Reserve 21.23 21.23
301.77 264.59
VI. l-<z|+| +i ¤·i= ·|-| (¤ º|-
Directors' fees, allowances and expenses 1.47 1.61
VII. nº|| ¤·i-|+| +i ¤·i= ~|· º|- :~-·|lª¤| + =|l¤l¬+ nº||¤·i-|+| -·|| z||º||
nº||¤·i-|+| +i ¤·i= ~|· º|- =lt-|
Auditors' fees and expenses (including satutory auditor or subsidiaries, branch
auditors' fees & expenses) 54.19 45.13
VIII. l¤l¬ ¤ ·||·
Law Charges 27.68 19.75
IX. ÷|+ -|· ºni¤·|- ~|l<
Postage, Telegrams, Telephones, etc. 109.84 105.80
X. n·-n- ~| · ·º|·º||¤
Repairs and Maintenance 103.02 85.97
XI. ¤in|
Insurance 316.64 262.17
XII. ~-¤ ·¤¤
Other expenditure 951.82 757.62
Total of I to XII ¤r ¬rz 7121.91 6449.67
180
SCHEDULE 18
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON
ACCOUNTS
1. BASIS OF PREPARATION:
The financial statements have been prepared on the historical
cost basis and conform, in all material aspects to Generally
Accepted Accounting Principles (GAAP) in India which
encompasses applicable statutory provisions, regulatory norms
prescribed by Reserve Bank of India (RBI), Accounting Standards
and pronouncements issued by the Institute of Chartered
Accountants of India (ICAI) and prevailing practices in Banking
industry in India. In respect of Foreign offices, statutory provisions
and practices prevailing in respective countries are complied with.
Use of Estimates
The preparation of financial statements requires the
management to make estimates and assumptions considered
in the reported amount of assets and liabilities (including
contingent liabilities) as of date of the financial statements and
the reported income and expenses for the reporting period.
Management believes that the estimates used in the preparation
of the financial statements are prudent and reasonable.
2. CONSOLIDATION PROCEDURES:
2.1. Consolidated financial statements of the Group (comprising
of 8 Subsidiaries and 11 Associates) have been prepared
on the basis of:
a) Audited financial statements of Punjab National Bank
(Parent/the Bank),
b) Line by line aggregation of like items of assets, liabilities,
income and expenses of subsidiaries with the respective
item of the Parent and after eliminating material intra-
group balances/transactions, unrealized profit/losses and
making necessary adjustments wherever required to
conform to uniform accounting policies, based on data
received from these subsidiaries duly audited by their
respective auditors. The financial statements of the
subsidiaries have been drawn up to the same reporting
date as that of parent i.e. 31st March 2012.
c) Foreign currency translation of overseas subsidiary has
been done as under:
(i) Income and Expenditure - at weighted average rates
prevailing during the year
(ii) Assets and Liabilities - at the year end rates
The resultant foreign currency translation difference,
whether debit/credit, has been included under Reserves
and Surplus - Foreign currency translation reserve.
d) Investments in associates, where the group holds 20% or
more of the voting power have been accounted for using
the equity method in terms of Accounting Standard - 23.
In the absence of full information regarding impact of
differences in accounting policies followed by the parent
=ª=¸¤t +s
¤n=r ¬=rr f¤fªr =¤ªrt ªtfa¤r =rt ¬=rr ¤t fºt¤f¢r¤r
+. ¬=r a¤rt ¤tª ¤r =rªrrt
l¤·-i¤ l¤¤·º| ¤·| ¤·-¤·|ª- n|ª- + ~|·||· ¤· -¤|· l+¤ ª¤ t
-·|| =nª- nt·¤¤¸º| <l·º¤| = ·||·- n =|n|-¤-· ª¤i|- nº||+-
l=z|--| :¤i((¤i| + ~-ª¤ t l¤-n n|ª¸ =|l¤l·|+ v|¤·||-
·||·-i¤ l·¤¤ ¤+ ,|·| l-·||l·- l¤l-¤|n+ n|-<º÷ ·||·-i¤ =-<i
nº||+|· =ª·||- ,|·| ¤|·i nº||+- n|-<º÷ -·|| a|¤- ¤ ·||·- n
¤l+ª -¤|ª n n|¤¸<| v·||( ·|i z||lnn t l¤<z|i +|¤|n¤| +
=-¤-·| n -- -- <z|| n n|ª¸ =|l¤l·|+ v|¤·||-| ~|· v·||~| +|
¤|n- l+¤| ª¤| t
=ªnrªr ¤r s¤¤rn
l¤·-i¤ l¤¤·lº|¤| -¤|· +·- + ln( v¤·|- +| l¤·-i¤ l¤¤·lº|¤| +i
l-l·| +| l·¤|º l+( ª( ~|lª-¤| (¤ <¤-|~| -·|| l·¤|º ~¤l·| +
ln( l·¤|º l+( ª( ~|¤ ~|· ·¤¤ n l¤-|·|·| ~-n|- -·|| ·||·º||(
¤-|- +i ~|¤z¤+-| ¤÷-i t v¤·|- +| l¤z¤|= t l+ l¤·-i¤
l¤¤·lº|¤| -¤|· +·- n -¤¤|ª l+( ª( ~-n|- l¤¤+=-n- ~|·
-+=ª- t
z. =n ¤ª ¤qfa
z.+ =n¸ t :º ~- ·| lª¤| ~| · ¡¡ =t¤| ªi = ª·||( =l-nln- t | +
=n l+- l¤·-i¤ l¤¤·º|¤·| l---lnlº|- + ~|·||· ¤· - ¤|· l+(
ª( t ·
:+| ¤ ¤|¤ - z|-n ¤ + :n¸ n/¤ +| + n º||¤·il-|- l¤·-i¤
l¤¤·º|¤·|
:º|| n¸n ¤+ +i =-¤l-·|- n<| + =|·| =t¤|lª¤| +i n<| +|
~·||-¸ ~|lª-¤| <¤-|~| ~|¤ -·|| ·¤¤| +| ¤·ª¤· ¤l+- <·
¤l+- (+l·|- +·- t( -·|| ~-· =n¸t n-<-| --+ =-¤l-·|-
nº|| ¤·i-|+| ,|·| l¤l·|¤-¸ nº||¤·il-|- v|-- ~|+÷| + ~|·||·
¤· ¤=¸n - t( n|·|/t|l- +| tº|- + ¤z-|-¸ -·|| ¤t| +ti
¤ª·i ·|| ¤t| =n|- nº||+- -il-¤| + ~-ª¤ ~|¤z¤+
=n|¤|¤- +·- + ¤z-|-¸ -¤|· l+( ª( t ~-·|ªi +-¤l-¤|
+ l¤·-i¤ l¤¤·º|¤·| vnº| ¤+ +i l·¤|lºª l-l·| ~·||-¸ ª¡
n|- .º¡. +| ti -¤|· l+( ª(
:ª| l¤<z|i ~-·|ªi + l¤<z|i n:| ~-·º| l---¤-¸ l+( ª( t ·
:i| ~|¤ ¤ ·¤¤ ¤·| + <| ·|- -¤n··| ·||l·- ~| =- <·|
¤·
:ii| ~|lª-¤| ¤ <¤-|( ¤·| + ~- +i <·| ¤·
l¤<z|i n:| ~-·º| + ¤l·º||nª¤ª¤ ~|¤ ~-· +| -|t ¤t
÷l¤º/+l÷º t| v|·l-|l-¤| ~|· ~l·|z|·| + ~·|i- =l-nln-
l+¤| ª¤| t
:·|| ¤t| ¤|lºª ¤|¤· n =n¸t +| .º% ~|· :== ~l·|+ ~z| t
¤t| =t|¤+ =ª·||~| n l-¤z|| +| nº||+- nº||n|-+ .ª
+i z|-|-=|· :l+¤ºi ¤zl- ,|·| l+¤| ª¤| t n¸n ¤+ ~|·
=t|¤+ =ª·||~| ,|·| ~¤-|¤i ª: nº||+- -il- +i l·|---|~|
+ v·||¤ = =-¤l-·|- ¤¸º| ¤|-+|·i +i ~-¤lª·|l- n ¤t| +ti
181
and associates, no adjustments wherever required have
been carried out. In like manner, unrealized profits and
losses resulting from transactions between the parent and
the associates to the extent of the parent's interest in the
associates have not been eliminated. Financial statements
received from these associates form the sole basis for their
incorporation in these consolidated financial statements.
2.2. The difference between cost to the Group of its investment in
the subsidiaries and the group's portion of the equity of the
subsidiaries is recognized as Goodwill/Capital reserve.
2.3. Minority interest in the net assets of consolidated subsidiaries
consist of:
a) The amount of equity attributable to the minority at the
date on which investments in a subsidiary is made, and
b) The minority share of movements in equity since date of
parent-subsidiary relationship came into existence.
A. SIGNIFICANT ACCOUNTING POLICIES FOLLOWED BY THE
PARENT
3. METHOD OF ACCOUNTING:
The Financial Statements have been prepared on the going
concern basis with accrual concept and in accordance with
the accounting policies and practices consistently followed
unless otherwise stated.
4. FIXED ASSETS:
4.1. Fixed assets are stated at historical cost except those premises,
which have been revalued. The appreciation on revaluation is
credited to revaluation reserve and incremental depreciation
attributable to the revalued amount is deducted there-from.
4.2. Depreciation on Assets:
a) Depreciation on assets (including land where value is
not separable) is provided on straight-line method based
on estimated life of the asset.
b) Depreciation on assets has been provided at the rates
furnished below:
In %
Type of Asset Rate of
Depreciation
Land acquired on perpetual lease where no lease period
is mentioned Nil
Land acquired on lease where lease period is mentioned Over lease period
Buildings
• Constructed on free hold land and on leased land, where lease
period is above 40 years 2.50%
• Constructed on leased land where lease period is below 40
years Over lease period
Furniture and fixtures - Steel articles 5.00%
Furniture and fixtures - wooden articles 10.00%
Mattresses 20.00%
Mobile Phone Instruments 33.33%
Machinery, electrical and miscellaneous articles 15.00%
Motor cars and cycles 15.00%
Computers, ATMs and related items 33.33%
Computer Application Software - Intangible Assets
• Up to ` 5,000 Charged to Revenue
• Others 20.00%
~|¤z¤+ ·|| +|: =n|·||- -ti l+¤| ª¤| t :=i v+|· n¸n
¤+/-=+i =nl+- ~-·|lª¤| ~|· -=+i =t|¤+ =ª·||~| +
¤i- t( n-<-| + ¤l·º||nª¤ª¤ ¤=¸ni - t( n|·|/t|l- -·||
=t|¤+ =ª·||~| n ¤+ + lt- +i =in| -+ -ti tº|( ª( t
:- =t|¤+ =ª·||~| = v|-- l¤·-i¤ l¤¤·º| ¤·| :- =nl+-
l¤¤·º| ¤·| n --+ =l-nln- t|- + ln( (+n ~|·||· ¤--
t ¤ ~-n|- ¤|ª-l¤+ lª·|l- = l·|-- t| =+- t
z.z ~-·|ªi +-¤l-¤| n :=+ l-¤z| + =n¸t +i n|ª- -·|| ~-·|lª¤| n
:l+¤ºi + =n¸t + ·||ª + ¤i- + ~-· +| l¤·-i¤ l¤¤·º|¤·| n
º¤|l-/¤¸¤i v|·l-|- l-l·| n|-| ª¤| t
z.s =nl+- ~-·|ªi +i z|z ~|lª-¤| n ~-¤|z| lt- n l---lnlº|-
z||lnn t
+| ~-·|ªi n l¤= l-l·| +| l-¤z| l+¤| ª¤| t -= l-l·| +|
~-¤|z| lt- +| <¤ :l+¤ºi +i ·|lz| -·||
º|| n¸n ¤+ -·|| ~-·|ªi + n·¤ =¤·| ¤-- +i -|·iº| = :l+¤ºi
z|¤· + =-|n-| n ~-¤|z| +| ltª=|
(=¸ ¤n=r ¤¤ çrtr =¤ªr; n; ¤n=r ¬=rr¤ª ªtfa¤r
s. ¬=rr¤ª ¤qfa
nº| -¤l-- ·||·º|| + =|·| l-·--· +|·|¤|· + ~|·||· ¤· -·|| ~-¤·||
-l-nlº|- +| ¤|÷+· nº||+- -il-¤| -·|| ==ª- ~-¤|ln- v·||~|
+ ~-=|· -¤|· l+( ª( t
+. =¤¬ =rfta¤r
:.¡ l¤- ¤l·=·| +| ¤-n¸-¤- t| -+| t --t ¤|÷+· ~-n ~|lª-¤| +|
--+i ¤·-¤·|ª- n|ª- ¤· l<º||¤| ¤|-| t ¤-n¸-¤- ¤· t: ¤lz +|
¤-n¸-¤- ¤|·l-|- l-l¬ n ¤n| l+¤| ¤|-| t ~|· ¤-n¸-¤- ·|lz| n
~|·|-¤ ¤·-| t~| n¸-¤r|= -=n = +n +· l<¤| ¤|-| t
+.z =rfta¤r ¤t n¸r¤çr=
:+| ~|lª-¤| :·|¸ln =lt- ¤t| +in- ~nª - +i ¤| =+-i t||
¤· n¸-¤r|= + ln( v|¤·||- ~|lª- +i v·¤|lz|- ~|¤ + ~|·||·
¤· =i·|i ·º|| ¤zl- + ~-=|· l+¤| ¤|-| t
:º|| (=i ~|lª-¤| ¤· n¸-¤r|= l---lnlº|- <·| ¤· v<|- l+¤| ª¤|
t ·
:% n|
=rfta ¤r ¤¤rt n¸r¤çr=
ªt
¤ln¤|<i ¤º¸º ¤· ni ª: ·|¸ln ¤t| ¤º¸º +i ~¤l·|
+| --nº| -ti t z|¸-¤
¤º¸º + ~|·||· ¤· ni ª: ·|¸ln ¤t| ¤º¸º +i ~¤l·| +| --nº| t ¤º¸º +i ~¤l·| ¤·
·|¤-
• +it|-÷ ~|· ¤º¸º +i ·|¸ln ¤· l-ln- ¤t| ¤º¸º +i
~¤l·| :º ¤·| = ~l·|+ t ..·º%
• ¤º¸º +i ·|¸ln ¤· l-ln - ¤t| ¤º¸º +i ~¤l·| :º ¤·| =
+n t ¤º¸ º +i ~¤l·| ¤·
¤·-i -· ~| · l¤·+-= ªºin ¤ª-( ·.ºº%
¤·-i -· ~| · l¤·+-= n+÷i +i ¤ª-( ¡º.ºº%
ªª .º.ºº%
n|¤|:n ¤·|- -¤+·º| ªª.ªª%
nz|i-·i l¤¤ni +i ~| · l¤l¤·| ¤ª-( ¡·.ºº%
n|º· +|· (¤ =|:+n ¡·.ºº%
+--¤¸º· (ºi(n ~|· =¤l·|- ¤ª-( ªª.ªª%
+--¤¸º· ~-v¤|ª =|¤·¸º¤¤· ~n¸- ~|lª-¤|
• ª¤¤ ·ººº/ -+ ·|¤ª¤ n v·||l·-
• ~-¤ .º.ºº%
182
c) Assets taken over from erstwhile New Bank of India and
Nedungadi Bank Ltd are depreciated based on their
estimated life based on broad groups / categories instead
of individual assets.
d) Depreciation on additions to assets is provided from the
month in which the asset is put to use and in case of
assets sold/disposed of during the year, up to the month
preceding the month in which it is sold/disposed of.
5. ADVANCES:
5.1. Advances are classified as performing and non-performing
assets and provisions are made in accordance with prudential
norms prescribed by RBI.
5.2. Advances are stated net of provisions in respect of non-
performing assets.
5.3. Offices outside India / Offshore Banking Units:
a) Advances are classified under categories in line with those
of Indian Offices.
b) Provisions in respect of advances are made as per the
local law requirements or as per the norms of RBI,
whichever is higher.
5.4 Financial Assets sold are recognized as under:
a) In case the sale is at a price lower than the Net Book
Value (NBV) the shortfall is charged to the Profit and
Loss Account.
b) In case the sale is at a price higher than the NBV, the
surplus provision is retained to meet shortfall/loss on
account of sale of other non-performing financial assets.
5.5 For restructured/rescheduled advances, provisions are made
in accordance with guidelines issued by RBI.
6. INVESTMENTS
6.1 Investments are classified into six categories as stipulated in form
A of the third schedule to the Banking Regulation Act, 1949.
6.2 Investments have been categorized into "Held to Maturity",
"Available for Sale" and "Held for Trading" in terms of RBI
guidelines. Securities acquired by the Bank with an intention
to hold till maturity is classified under "Held to Maturity".
6.3 The securities acquired by the Bank with an intention to trade
by taking advantage of short-term price/ interest rate
movements are classified under "Held for Trading".
6.4 The securities, which do not fall within the above two
categories, are classified under "Available for Sale".
6.5 Transfer of securities from one category to another is carried
out at the lower of acquisition cost/book value/market value
on the date of transfer. The depreciation, if any, on such
transfer is fully provided for.
6.6 In determining acquisition cost of an investment
a. Brokerage / commission received on subscription is
deducted from the cost of securities.
:ª| ¤¸¤¤-i -¤¸ ¤+ ~|¤· :l÷¤| -·|| -<ª÷i ¤+ ln. = ~l¤-
~|lª-¤| + n|nn n v·¤|lz|- ~|¤ ~nª~nª ~|lª- +
=¤·| n ~|+- + ª·||- ¤· n|º -|· ¤· =n¸t|/v¤ª| + ln(
~|+i ª¤i t
:·|| ~|lª-¤| n t( ¤l·¤·|-| + n|nn n n¸-¤r|= +| v|¤·||- --+
v¤|ª n ~|- + n|t = ~|· ¤·| + <|·|- ¤-i/l-¤º| <i ª:
~|lª-¤| + n|nn n v|¤·||- l¤= n|t n ~|lª- ¤-i/l-¤º|:
ª: t -=+ ¤¸¤ n|t -+ l+¤| ª¤| t
s. =fnn
·.¡ ~¤+ ~|· ~-¤+ ~|lª-¤| + ª¤ n ~lªn| ~|· --+ ¤|¤¬|-
·||·-i¤ l·¤¤ ¤+ ,|·| l-¬|l·- l¤¤+i n|-<÷| + ~-=|· l+¤| ¤|-|
t
·.. ~lªn| +i -= ·|lz| +| <z||¤| ¤|-| t ¤| ~-¤+ ~|lª-¤| + ln(
¤|¤¬|- -·|| --+ =¤¬ n ·¤|¤ +| ~n|-¤ +·-/l-nl-¤- ·¤|¤
·|º|- + ¤z-|-¸ z|·| ¤--i t
·.ª ·||·- + ¤|t· +|¤|n¤/~¤-ºi¤ ¤l+ª :+|:¤| ·
+ ~lªn| +| ¤ªi+·º| -- =¤ª| n l+¤| ª¤| t ¤=| ·||·-i¤
+|¤|n¤| + ln( t
º| ~lªn| + =-¤-·| n v|¤·||- ª·||-i¤ +|-¸-i ~¤-||~| +
~-=|· ~·|¤| ·||·-i¤ l·¤¤ ¤+ + n|-<º÷| + ~-=|· ¤| ·|i
~l·|+ t l+( ª( t
·.: ¤-i ª¤i l¤·-i¤ ~|lª-¤| + n|nn n l---¤-¸ ¤t-|- t|ªi ·
+. ¤l< z|z ¤tin¸-¤ = +n n¸-¤ ¤· l¤+i t|-i t -| -= ~--·
+| n|·| ¤ t|l- º||- n ¤·||l·- l+¤| ¤|-| t
º|. ¤l< l¤+i z|z ¤tin¸-¤ = ~l·|+ n¸-¤ ¤· t|-i t -| ~l·|z|·|
v|¤·||- +| ¤-| +· ·º|| ¤|-| t -|l+ ~-¤ ~-¤+ l¤·-i¤
~|lª-¤| +i l¤+i + +|·º| ¤| +ni/t|l- t| -= ¤¸·| l+¤| ¤|
=+
·.· ~lªn| + ¤-ªa-/¤-=¸-i¤z- + n|nn n ·||·-i¤ l·¤¤ ¤+ +
n|ªl-<z|| + ~-=|· v|¤·||- l+( ¤|- t
e. fª¤rr
·.¡ l-¤z|| +| ¤l+ª l¤l-¤n- ~l·|l-¤n ¡º:º +i -i=·i ~-=¸-i +
¤·|n ( n ¤·||l-l<·º ¤t >lº|¤| n ¤ªi|- l+¤| ª¤| t
·.. ·||.l·. ¤+ + n|ªl-<z|| + ~-ª¤ l-¤z|| +| ''¤l·¤+¤-| -+ ·º|
ª('' ''l¤+i t- -¤n··|'' -·|| ''·¤|¤|· t- ·º| ª('' >lº|¤| n
¤ªi|- l+¤| ª¤| t ¤+ ,|·| ¤l·¤+¤-| -+ ·º| ¤|- +i nz|| =
~l¤- vl-·|¸l-¤| +| ''¤l·¤+¤-| -+ ·º|i ª:'' >º|i n ·º|| ª¤| t
·.ª ¤+ ,|·| ~-¤|¤l·| + n¸-¤/·¤|¤ <· v¤l·-¤| +| n|·| -a|- t(
·¤|¤|· t- ·º| ¤|- +i nz|| = ~l¤- vl-·|¸l-¤| +| ''·¤|¤|· t- ·º|
ª('' l-¤z|| n ¤ªi|- l+¤| ª¤| t
·.: ¤| vl-·|¸l-¤| -¤¤+- <|-| >lº|¤| n -ti ~|-i --t ''l¤+i t-
-¤n··|'' >º|i + ~·|i- ¤ªi|- l+¤| ª¤| t
·.· (+ >º|i = <¸=·i >º|i n vl-·|¸l-¤| + ~-·º| ~-·º| +i l-l·| +|
~l·|ªtº| n|ª-/¤tin¸-¤/¤|¤|· n¸-¤ ¤| ·|i +n t| ¤· l+¤| ª¤|
t ¤l< +|: n¸-¤r|= t| -| (= ~-·º| ¤· -=+ ln( ¤¸º| v|¤·||-
l+¤| ¤|-| t
·.· l+=i l-¤z| +i ~l·|ªtº| n|ª- +| l-·||l·- +·- n
+. =¤lª+-z|- ¤· v|-- <n|ni/+niz|- vl-·|¸l-¤| +i n|ª- =
+|ºi ª¤i t
183
b. Brokerage, commission etc. paid in connection with
acquisition of securities are treated as revenue expenses.
c. Interest accrued up to the date of acquisition of securities
i.e. broken - period interest is excluded from the
acquisition cost and the same is accounted in interest
accrued but not due account.
6.7 Investments are valued as per RBI/ FIMMDA guidelines, on
the following basis:
i. Held to Maturity
" Investments under " Held to Maturity " category are carried
at acquisition cost. Wherever the book value is higher than
the face value/redemption value, the premium is
amortized over the remaining period to maturity.
" Investments in subsidiaries/joint ventures/associates are
valued at carrying cost less diminution, other than
temporary, in nature.
" investments in sponsored regional rural banks are valued
at carrying cost.
" Investment in venture capital is valued at carrying cost.
ii. Available for Sale and Held for Trading -
Type of investment Basis of valuation
* Govt. Securities
" Central Govt. Securities At market prices/YTM as published by Fixed
Income Money Market And Derivatives
Association of India (FIMMDA)
" State Govt. Securities On appropriate yield to maturity basis as per
FIMMDA/RBI guidelines.
* Securities guaranteed by Central/ On appropriate yield to maturity basis as
State Government, PSU Bonds per FIMMDA/RBI guidelines
(not in the nature of advances)
* Treasury Bills At carrying cost
* Equity shares At market price, if quoted, otherwise at break
up value of the Shares as per latest Balance
Sheet (not more than one year old),
otherwise at Re.1 per company
* Preference shares At market price, if quoted or on appropriate
yield to maturity basis not exceeding
redemption value as per RBI/FIMMDA
guidelines.
* Bonds and debentures At market price, if quoted, or on appropriate
(not in the nature of advances) yield to maturity basis as per RBI/FIMMDA
guidelines.
* Units of mutual funds As per stock exchange quotation, if quoted;
at repurchase price/NAV, if unquoted
* Commercial paper At carrying cost
* Certificate of Deposits At carrying cost.
* Security receipts of ARCIL At net asset value of the asset as declared
by ARCIL
* Venture Capital Funds At net asset value (NAV) declared by the VCF
* Other Investments At carrying cost less diminution in value.
(if any)
The above valuation in category of Available for Sale and
Held for Trading are done scrip wise and depreciation/
appreciation is aggregated for each classification. Net
depreciation for each classification if any is provided for, while
net appreciation is ignored.
º|. vl-·|¸l-¤| + ~l·|ªtº| + =-¤-·| n =<·- <n|ni +niz|-
~|l< ·|¤ª¤ ·¤¤| + ª¤ n =n¤i ¤|-i t
ª. vl-·|¸l-¤| + ~l·|ªtº| +i l-l·|¤| -+ -¤l-- ·¤|¤ ~·||-¸
º|l÷- ~¤l·| ·¤|¤ ~l·|ªtº| n|ª- = ~nª +· l<¤| ª¤| t
~|· -= ·¤|¤ ·¤¤ + ª¤ n n|-| ª¤| t vl-·|¸l-¤| +i l¤+i
¤· v|-- º|l÷- ~¤l·| ·¤|¤ +| ·¤|¤ ~|¤ n|-| ª¤| t
·. ·||.l·. ¤+/(¤· ~|: (n (n ÷i ( + l<z||l-<z||-=|· l-¤z| +|
n¸-¤- l---lnlº|- ~|¬|· ¤· l+¤| ¤|-| t ·
i¸ ¤ft¤¤¤ar a¤ t=r nq .
• ¤l·¤+¤-| -+ ·º| ª( ¤ª n n¸ -¤- ~¤ - n|ª- ¤· l+¤|
¤|-| t ¤t| ¤tin¸ -¤ ~ l+-/¤l·¤+¤-| n¸ -¤ = ~l·|+ t
¤t| viln¤n ¤l·¤+¤-| +i z| ·| ~¤l·| n ¤l·z|| l·|- l+¤|
¤|-| t
• ~-·|lª¤|/=¤+- -¤n|/=t|¤+ =ª·||~| n l+( ª( l-¤z| +|
n¸-¤|+- ·º||¤ n|ª- n = n¸-¤r|= :~ª·||¤i + ~l-l·+-|
·|º|+· l+¤| ¤|-| t
• v|¤|l¤- -|·|i¤ ª|niº| ¤+| n l+( ª( l-¤z| +| n¸-¤|+-
·º||¤ n|ª- ¤· l+¤| ¤|-| t
• -¤n ¤¸¤i n l-¤z|| +| n¸-¤|+- ·º||¤ n|ª- ¤· l+¤| ¤|-| t
ii¸ f¤at ra s¤¬ªªr aºrr ª¤r¤rt ra t=r nq .
fª¤ rr ¤r ¤¤rt n¸ r¤r ¤ª ¤r =rªrrt
* =·+|·i vl-·|¸l-¤|
• +:i¤ =·+|· +i vl-·|¸l-¤| l¤·+=÷ :-+n n-i n|l+ º (º÷ ÷l·¤lº·=
(=|l=(z|- ~|¤· :l÷¤|
¤·~|n(n÷i(| ,|·|v+|lz|- ¤|¤|· n¸-¤/¤l·¤+¤-| v|l-- ~|·||· ¤·
• ·|-¤ =·+|· +i vl-·|¸l-¤| (¤·~|
n(n÷i(/·||.l·. ¤+ n|ª l-<z|| +~-=|· -¤¤+- ¤l·¤+¤-| v|l-- ~|·||· ¤·
* +:i¤/·|-¤ =·+|· ,|·| ª|·ºiz|<| (¤·~|
n(n÷i(/·||.l·. ¤+ n|ª l-<z|| +vl-·|¸l-¤| =|¤ ¤l-+ -|·| + -¤+n| ~-=|· -¤¤+- ¤l·¤+¤-| v|l-- ~|·||· ¤·
+ ¤|º÷ :~lª n| +i v|l- + -ti|
* º¤·i l¤n ·º||¤ n|ª- ¤·
* :l+¤ºi z|¤· ¤|¤|· n¸-¤ ¤· ¤l< -z- t| ~-¤·|| -¤i--n
-n-¤·| :¤| (+ ¤·| = ¤·|-| - t|| +
~-=|· z|¤·| + ¤ + ~¤ n¸-¤ ¤· ~-¤·|| vl-
+ ¤-i ª. ¡/
* ~l·|n|- z|¤· ¤|¤|· n¸-¤ ¤· ¤l< -z- t| ~·|¤|
(¤·~|
n (n÷i( n|ª l-<z|| + ~-=|·-¤¤+- ¤l·¤+¤-| v|l-- ~|·||· ¤· l+- z||·|-
n¸-¤ = ~-l·|+
* ¤·|¤·| ~|· l÷¤-· ¤|¤|· n¸-¤ ¤· ¤l< -z- t| ~·|¤|
:~lªn| +i v|l- + -ti| (¤·~|
n(n÷i( n|ª l-<z|| + ~-=|·-¤¤+- ¤l·¤+¤-| v|l-- ~|·||· ¤·
* -¤¸-~n ¤·º÷| + ¤¸l-º ªº|+ (+=-¤ + ·||¤ + ~-=|· ¤l< -z-
t|/¤l< -z- - t| -| ¤-º|·i< n¸-¤ ¤·/(-(¤i
¤·
* ¤|lº|l-¤+ ¤¤· ·º||¤ n|ª- ¤·
* ¤n| vn|º| ¤·| ·º||¤ n|ª- ¤·
* (~|·=i~|: (n +i vl-·|¸l- ·=i< (~|·=i~|: (n ,|·| +i ª: ·||·|º|| + ~-=|·
~|lª- + z|z ~|lª- n¸-¤ ¤·
* ¤-· + l¤ºn ¤·÷ ¤-· + l¤ºn ¤·÷ ,|·| +i ª: ·||·|º|| +
~-=|· z|z ~|lª- n¸-¤ ¤·
-(¤i|* ~-¤ l-¤z| ·º||¤ n|ª- n = r|= ·|º|+·
l¤+i t- -¤n··| -·|| ·¤|¤|· t- ·º| ª( ¤ª n -¤¤+- n¸-¤|+-
lª+¤ ¤|· l+¤| ¤|-| t -·|| v·¤+ >º|i n n¸-¤r|=/¤lz ¤ª¤|· +i
¤|-i t ¤¤l¤ z|z n¸-¤r|= ·¤¤lª·|- l+¤| ¤|-| t -·||l¤ z|z ¤lz
<z||¤i -ti ¤|-i
184
6.8 Investments are subject to appropriate provisioning/de-
recognition of income, in line with the prudential norms of
Reserve Bank of India for NPI classification. The depreciation/
provision in respect of non-performing securities is not set
off against the appreciation in respect of the other performing
securities.
6.9 Profit or loss on sale of investments in any category is taken
to Profit and Loss account but, in case of profit on sale of
investments in "Held to Maturity" category, an equivalent
amount is appropriated to "Capital Reserve Account".
6.10 Securities repurchased/resold under buy back arrangement
are accounted for at original cost.
6.11 The derivatives transactions are undertaken for trading or
hedging purposes. Trading transactions are marked to market.
As per RBI guidelines, different category of swaps are valued
as under:
6.11.1 Hedge Swaps
Interest rate swaps which hedges interest bearing asset or
liability is accounted for on accrual basis except the swap
designated with an asset or liability that is carried at market
value or lower of cost in the financial statement.
Gain or losses on the termination of swaps are recognized
over the shorter of the remaining contractual life of the swap
or the remaining life of the asset/liabilities.
6.11.2 Trading Swaps
Trading swap transactions are marked to market with changes
recorded in the financial statements.
6.12. Foreign currency options:
Foreign currency options written by the bank with a back-to-
back contract with another bank is not marked to market
since there is no market risk.
Premium received is held as a liability and transferred to the
Profit and Loss Account on maturity/cancellation.
7 TRANSLATION OF FOREIGN CURRENCY TRANSACTIONS
& BALANCES:
7.1. Except advances of erstwhile London branches which are
accounted for at the exchange rate prevailing on the date of
parking in India, all other monetary assets and liabilities,
guarantees, acceptances, endorsements and other obligations
are translated in Indian Rupee equivalent at the exchange
rates prevailing at the end of the year as per Foreign Exchange
Dealers' Association of India (FEDAI) guidelines.
7.2. Non-monetary items other than fixed assets are translated at
exchange rate prevailing on the date of transaction.
7.3. Forward exchange contracts are translated at the year end
rates notified by FEDAI and the resultant Gain/loss on
evaluation is taken to profit & Loss Account.
7.4. Income and expenditure items are accounted for at the
exchange rate prevailing on the date of transaction.
·.º ·||.l·. ¤+ + (-.¤i.~|:. ¤ªi+·º| + l¤¤+i n|-<÷| + ~-ª¤
l-¤z|| ¤· -¤¤+- v|¤·||-i+·º| -·|| ~|¤ ~n|-¤i+·º| n|ª¸ l+¤
¤|- t ~lª n| + ª¤ n ~-¤ + vl-·|¸ l-¤| + = ¤z n n¸ -¤r|=/v|¤·||-
~-¤ ~¤+ vl-·|¸l-¤| + =¤·| n ¤lz + =n-| =n¤- -ti l+¤|
ª¤| t
·.º l+=i ·|i >º|i + l-¤z|| + l¤+i = t( n|·|/t|l- +| n|·| ¤ t|l-
º||- n n ¤|¤| ¤|-| t l+- ¤l·¤+¤-| t- ·º| ª¤ >º|i + l-¤z||
+i l¤+i = t( n|·| + n|nn n =n--¤ ·|lz| ¤¸¤i v|·l-|- l-l·|
º||- n l¤l-¤|l¤- +i ¤|-i t
·.¡º ¤|¤= º|·i< ·¤¤ª·|| + ~--ª- ¤-º|·i<i ª¤i/¤-· ¤-i ª¤i vl-·|¸l-¤|
+| --+i n¸n n|ª- ¤· ln¤| ¤|-| t
·.¡¡ n-<- ~·|¤| vl-·-|| + v¤|¤- = ·¤·¤-- :÷l·¤lº·¤| n-<-
l+( ª( t ·¤|¤|l·+ n-<- ¤|¤|· n¸-¤ ¤· t ·||·-i¤ l·¤¤ ¤+ +
l<z||l-<z||-=|· ~<n|¤<ni +i l¤l·|-- >lº|¤| +| l---¤-¸ n¸-¤-
l+¤| ª¤| t ·
e.++.+ ¤fat+rr =ª¬r¤ª¬t
·¤|¤ <· ~<n|¤<ni ¤| ·¤|¤ ¤|t+ ~|lª- ~·|¤| < ¤-| +i vl-·-||
+·-| t -¤-¤ ~|·||· ¤· n º|| l+- l+¤| ¤|-| t l+=i ~|lª- ~·|¤|
< ¤-| + =|·| ~l·|lt- ~<n|¤<ni +| ¤| ÷ +· ¤| l¤·-i¤ l¤¤·º|i n
¤|¤|· n¸ -¤ ~·|¤| +n +in- ~·|¤| ¤|¤|· n¸ -¤ ¤· ni ¤|-i t
~<n|¤<ni +i =n|l-- ¤· n|·| ~·|¤| t|l-¤| +| ~<n|¤<ni +
-¤¸--· ¤+|¤| =l¤<|ª- ¤i¤- ~·|¤| ~|lª-/<¤-| +i z|·| ~¤l·| ¤·
n|-¤-| <i ¤|-i t
e.++.z ª¤r¤rft¤ =ª¬r¤ª¬t
·¤|¤|l·+ ~<n|¤<ni n-<- l·+|÷ l+( ª( ¤l·¤--| =lt- l¤·-i¤
l¤¤·lº|¤| n ¤|¤|· n¸-¤ +i -n-| n l-lr- l+¤| ¤|-| t
e.+z f¤ªrrt n)r f¤¤r¤
l+=i ~-¤ ¤+ + =|·| ¤+ º¸ ¤+ +º+º + =|·| ¤+ ,|·| lnlº|-
l¤<z|i n:| l¤+-¤ ¤|¤|· n¸-¤ ¤· -ti t +¤|l+ :=n ¤|¤|· ¤|lº|n
-ti t
v|-- viln¤n +| < ¤-| + ª¤ n ·º|| ª¤| t ~| · ¤l·¤+¤-|/l-·ª-i+·º|
¤· n|·| ¤ t|l- º||- n ~--l·- l+¤| ª¤| t
z. f¤ªrrt n)r = =¤fªra ¬ª-ªªr ¤r ¤ft¤aª =rt rrrr
.¡ ¤¸¤¤-i n<- lª·|- z||º||~| + ~lªn| +| ¤|÷+· l¤-+| ·||·- n
~-·º| +i l-l·| +| n|ª¸ l¤l-n¤ <·| + ~|·||· ¤· ¤l·¤-- l+¤| ª¤|
t ·||·-i¤ l¤<z|i n:| ·¤|¤|·i =·| :¤·÷|:| + n|ªl-<z|| + ~-=|·
¤·| +i =n|l-- ¤· l¤l-n¤ <·| + ~|·||· ¤· n|l:+ ~|lª-¤| n -·||
<¤-|~| ª|·lº¤| ª¤i|l-¤| ¤·a|+-| ¤ ~-¤ <|l¤·¤| +| =n--¤
·||·-i¤ ª¤¤ n ¤l·¤l-- l+¤| ª¤| t
.. ~-n ~|lª-¤| = :-· ª·n|l:+ n<| +| ¤l·¤-- n-<- +i l-l·|
+| v·||¤i l¤l-n¤ <·| ¤· l+¤| ¤|-| t
.ª ¤|¤<| l¤l-n¤ = l¤<|~| +| ·||·-i¤ l¤< z|i n :| ·¤|¤|l·+ = ·| ,|·| ¤·| +
~ - n ~l·|=¸ l-- l¤l-n¤ <· ¤· ¤l·¤l- - l+¤| ¤|-| t ~| · ¤·nª¤ª¤
n¸ -¤| +- ¤· t ( n|·|/t|l- +| n|·| ¤ t|l- º||- n l<º||¤| ¤|-| t
.: ~|¤ -·|| ·¤¤ +i n< n-<- +i -|·iº| +| v-ln- l¤<z|i l¤l-n¤
<· ¤· ¤l·¤l-- +i ¤|-i t
185
7.5. Offices outside India / Offshore Banking Units:
7.5.1. Operations of foreign branches and off shore banking
units are classified as "Non-integral foreign operations"
and operations of representative offices abroad are
classified as "integral foreign operations".
7.5.2. Foreign currency transactions of integral foreign
operations and non-integral foreign operations are
accounted for as prescribed by AS-11.
7.5.3. Exchange Fluctuation on Profit/Loss of non-integral
operations are credited/debited to exchange
fluctuation reserve.
8. TAXES ON INCOME:
Current tax is determined on the amount of tax payable in
respect of taxable income for the year and accordingly
provision for tax is made.
The deferred tax charge or credit is recognized using the tax
rates that have been enacted or substantially enacted by the
Balance Sheet date. In terms of Accounting Standard 22 issued
by ICAI, provision for deferred tax liability is made on the
basis of review at each Balance Sheet date and deferred tax
assets are recognized only if there is virtual certainty of
realization of such assets in future. Deferred tax assets/
liabilities are reviewed at each Balance Sheet date based on
developments during the year.
9. EMPLOYEE BENEFITS:
9.1. PROVIDENT FUND:
Provident fund is a defined contribution scheme as the Bank
pays fixed contribution at pre-determined rates. The
obligation of the Bank is limited to such fixed contribution.
The contributions are charged to Profit & Loss A/c.
9.2. GRATUITY:
Gratuity liability is a defined benefit obligation and is provided
for on the basis of an actuarial valuation made at the end of
the financial year. The scheme is funded by the bank and is
managed by a separate trust.
9.3. PENSION:
Pension liability is a defined benefit obligation and is provided
for on the basis of an actuarial valuation made at the end of
the financial year. The scheme is funded by the bank and is
managed by a separate trust.
9.4. COMPENSATED ABSENCES:
Accumulating compensated absences such as Privilege Leave
(PL) and Sick Leave (including un-availed casual leave) is
provided for based on actuarial valuation.
9.5. OTHER EMPLOYEE BENEFITS:
Other Employee benefits such as Leave Fare Concession (LFC),
Silver jubilee award, Medical Benefits etc. are provided for
based on actuarial valuation.
.· l¤<z|i z||º||(/~¤-ºi¤ ¤l+ª :+|:¤| ·
.·.¡ l¤<z|i z||º|| ~|· ~¤-ºi¤ ¤l+ª ¤¸l-º + ¤l·-|n-| +| ''ª·
=n|+ln- l¤<z|i ¤l·-|n-|'' n ¤ªi|- l+¤| ª¤| t ~|·
l¤<z| n vl-l-l·| +|¤|n¤| + ¤l·-|n-| +| ''=n|+ln-
l¤<z|i ¤l·-|n-|'' + ª¤ n ¤ªi|- l+¤| ª¤| t
.·.. =n|+ln- l¤<z|i ¤l·-|n-| + l¤<z|i n:| n-<-| ~|· ª·
=n|+ln- l¤<z|i ¤l·-|n-| +| nº||+- n|-+¡¡ ,|·| l+¤
ª¤ l-·||·º| + ~-=|· l+¤| ª¤| t
.·.ª ª· =n|+ln- ¤l·-|n-| + n|·| t|l- +| l¤l-n¤ ·|º¤·
v|·l-|- l-l·| n ¤n|/·|º| l+¤| ª¤| t
s. =r¤ ¤t ¤t
¤·| + ln( +· ¤| ·¤ ~|¤ + =-¤-·| n = < ¤ +· +i ·|lz| ¤· -|n¸
+· +| l-·|| ·º| t| -| t -·|| -<- =|· +· + ln( v|¤·||- l+¤|
¤|-| t
~|ª·|lª- +· v·||· ~·|¤| +l÷º +i ¤t-|- -- +· <·| +| :ª-n|n
+·- t( +i ¤|-i t ¤| -n-¤·| l-l·| ,|·| ~l·|l-¤ln- l+( ª(
~·|¤| ¤ª--· ~l·|l-¤ln- l+( ª( ~|: =i ( ~|: ,|·| ¤|·i
nº||+- n|-+ .. +i z|-|·|i- ~|ª·|lª- +· <¤-| + ln( v|¤·||-
v·¤+ -n-¤·| l-l·| ¤· =ni-|| + ~|·||· ¤· l+¤| ¤|-| t ~|·
~|ª·|lª- +· ~|lª-¤| +¤n -·|i n|-¤ t|-i t ¤¤ (=i ~|lª-¤| +i
·|l¤·¤ n ¤=¸ni t|-| ¤|ª-¤ n =l-lz-- t|-| t ~|ª·|lª- +·
~|lª-¤|/<¤-|~| +i ¤-·i-|| ¤·| + <|·|- t: vªl- + ~|·||· ¤·
v·¤+ -n-¤·| l-l·| +| +i ¤|-i t
v. ¤n¤rtt ¬r+r .
v.+ +rf¤r¤ fªfªr
·|l¤·¤ l-l·| (+ =¤l··||l·|- ~z|<|- ¤|¤-| t ~|· ¤+ ¤¸¤ l-·||l·-
<·| ¤· l-lz-- ~z|<|- +| ·|ª-|- +·-| t ¤+ +| <|l¤·¤ (=
l-lz-- ~z|<|- -+ =iln- t ¤ ~z|<|- ¤·| + n|·| ¤ t|l- º||-
n v·||l·- l+( ¤|- t
v.z s¤ªrª
-¤<|- < ¤-| (+ = ¤l··||l·|- n|·| <|l¤·¤ t ~| · l¤·-i¤ ¤·| +
~ - n l+( ª( ¤in| l++ n¸ -¤| +- + ~|·||· ¤· l<¤| ¤|-| t
¤t ¤| ¤-| ¤ + ,|·| l¤·- ¤| l·|- t ~| · (+ ~nª º ªº ,|·| -n|:
¤|-i t
v.s ¤rrª
¤ z|- < ¤-| (+ = ¤l··||l·|- n|·| <|l¤·¤ t ~| · l¤·-i¤ ¤·| +
~ - n l+( ª( ¤in| l++ n¸ -¤| +- + ~|·||· ¤· l<¤| ¤|-| t
¤t ¤| ¤-| ¤ + ,|·| l¤·- ¤| l·|- t ~| · (+ ~nª º ªº ,|·| -n|:
¤|-i t
v.+ +rfa¤¸t¤ =ª¤ftºrfa¤r
-¤l-- -|l-¤¸·+ ~-¤lª·|l-¤| ¤= ~l¤- ¤lº¸º¤| ~|· ¤in|·i +i
¤lº¸º¤| :~v¤+- ~|+lªn+ ¤lº¸º¤|| ¤in|l++ n¸-¤|+- ~|·||· ¤·
<i ¤|-i t
v.s =-¤ ¤n¤rtt ¬r+r
~-¤ +n -|·i n|·| ¤ = ¤ º¸ ºi l+·|¤| l·¤|¤- l=-¤· ¤ ¤ni
~¤|÷ l-l+·=| n|·| :·¤|l< ¤in| l++ n¸ -¤| +- + ~|·||· ¤·
l+( ¤|- t
186
9.6. In respect of overseas branches and offices, the benefits in
respect of employees other than those on deputation are
accounted for as per laws prevailing in the respective
countries.
10. IMPAIRMENT OF ASSETS:
Impairment loss, if any, is recognized in accordance with the
accounting standard issued in this regard by ICAI and
impairment loss on any re-valued asset is treated as a
revaluation decrease.
11. REVENUE RECOGNITION
11.1 Income/expenditure (other than items referred to in
paragraph 11.4) is generally accounted for on accrual basis.
11.2 Income on non-performing assets is recognized on realisation
as per RBI guidelines.
11.3 Recovery in non-performing advances is appropriated first
towards recorded interest and thereafter towards (i) arrears
of instalments in term loans and (ii) principal irregularity in
other accounts. However, recovery in suit filed (including
accounts where recovery is under SARFEASI Act), decreed
accounts and compromise cases is first appropriated towards
principal or as per terms of decree/settlement.
11.4 Commission (excluding on Government Business), interest
on overdue bills, exchange, locker rent, income from merchant
banking transactions, dividend income and insurance claims
are accounted for on realization/settlement.
11.5 Income from interest on refund of income tax is accounted
for in the year the order is passed by the concerned authority.
12. OTHERS:
Interest on unpaid and unclaimed matured term deposits are
accounted for at savings bank rate.
NOTES ON ACCOUNTS
1. The subsidiaries considered in the preparation of the
consolidated financial statements are:
(in %)
Name of the Country of % Voting power
Subsidiary Company incorporation held as at
31st March, 31st March,
2012 2011
1. PNB Gilts Limited* India 74.07 74.07
2. PNB Housing Finance Limited* India 74.00 74.00
3. Punjab National Bank United
(International) Ltd. Kingdom 100.00 100.00
4. PNB Investment Services Ltd. India 100.00 100.00
5. Druk PNB Bank Ltd. Bhutan 51.00 51.00
6. PNB Life Insurance Co. Ltd. India 88.00 88.00
7. PNB Insurance Broking Pvt Ltd India 81.00 81.00
8. JSC SB PNB Kazakhstan Kazakhastan 84.375 63.64
* The financial statements of these companies are subject to receipt of report on completion
of Supplementary Audit by the Comptroller & Auditor General of India, under section 619(3)
of the Companies Act, 1956.
º.· l¤< z|i z||º||~| ~| · +|¤| n¤| + =-¤-·| n vl-l-¤ l+- ¤· ª¤
+n -|l·¤| +| ¤| ÷ +· ~-¤ +n -|l·¤| + =-¤-·| n n|·|| +|
=-¤l-·|- < z|| n v-ln- +|-¸ -| + ~- =|· lt=|¤ n ln¤|
¤|-| t
+o. =rfta¤r ¤t =¤=rnr-¤ar
~¤=|n|-¤ t|l-¤| ¤l< t +i ~|: =i(~|: ,|·| := = ¤ ·| n ¤|·i
n º|| +- n|-+ + ~- =|· ¤t-|- +i ª¤i t ~| · ¤ -n ¸ -¤| l+-
~|lª-¤| ¤· ~-¤ + t|l-¤| +| ¤ -n ¸ -¤- lª·|¤º + ª¤ n n|-|
ª¤| t
++. tr¬t¤ nr-¤ar
¡¡.¡ ~|¤/·¤¤ :¤·| ¡¡.: n =<l·|- n<| = l·|--| +| =|n|-¤-· -¤-¤
~|·||· ¤· nº||l+- l+¤| ¤|-| t
¡¡.. ·||·-i¤ l·¤¤ ¤+ + n|ªl-<z|| + ~-=|· ~-¤+ ~|lª-¤| =¤·|i
~|¤ +| --+i ¤=¸ni t|- ¤· n|-¤-| <i ¤|-i t
¡¡.ª ~-¤+ ~lªn| n ¤=¸n +i ª¤i ·|lz| +| ¤tn ·¤|¤ l¤=n ~n|-¤
l+¤| ª¤| ·¤|¤/nl-¤- ·¤|¤ -·|| <¤ ·¤|¤ z||lnn t + =¤·| n
-·|| -·¤z-|-¸ :i| ni¤|<i +º|| +i ¤+|¤| l+ª-| -·|| :ii| ~-¤
º||-| n n¸n·|- +i ~l-¤ln--| n l¤l-¤|l¤- l+¤| ¤|-| t ¤t·t|n
<|¤· l+¤ ª¤ <|¤| :-- º||-| =lt- l¤-n =¤·=i ~l·|l-¤n +
~--ª- ¤=¸ni t: t|| l÷+i v|-- º||-| -·|| =n¤|-| + n|nn| n
¤=¸ni +| ¤tn n¸n·|- n ~·|¤| l÷+i =n¤|- +i z|-| + ~-=|·
l¤l-¤|l¤- l+¤| ¤|-| t
¡¡.: +niz|- :=·+|·i +|·|¤|· ¤· ¤|÷+·| ~l-<¤ l¤n| ¤· ·¤|¤
l¤l-n¤ n|+· l+·|¤ n-º ¤l+ª n-<-| = v|-- ~|¤ -¤¸-~n
¤·÷| ¤· n|·||z| ~|¤ ~|· ¤in| <|¤| +| ¤=¸ni/l-¤º|- ¤· nº||l+-
l+¤| ¤|-| t
¡¡.· ~|¤+· + l·¤·÷| ¤· ·¤|¤ + ª¤ n v|-- ~|¤ +| =¤l·|-
v|l·|+|l·¤| ,|·| ¤|l·- ~|<z| + ¤·| n nº||l+- l+¤| ¤|-| t
+z. =-¤
¤l·¤+¤ ln¤|<i ¤n| ·|lz|¤| ¤· ~<·- ·¤|¤ -·|| l¤-| <|¤ +i ·|lz|¤|
+| nº||+- ¤-- ¤+ <·| ¤· l+¤| ¤|-| t
¬=rr ¤t fºt¤f¢r¤r
¡. =nl+- l¤·-i¤ l¤¤·º|¤·|| n l¤- ~-·|lª¤| ¤· l¤-|· l+¤| ª¤| t
¤ l---lnlº|- t ·
:% n|
=ªrrnt ¤r ªrn ¤rr nfaa r; fªrªf¬f=ra fafºr¤r ¤r
ªrrfta ¤farra narfªr¤rt
31.03.2012 31.03.2011
1. ¤i(-¤i lª-º= lnlnº÷* ·||·- 74.07 74.07
2. ¤i(-¤i t|-l=ª ¤·|:-= lnlnº÷* ·||·- 74.00 74.00
3. ¤¤|¤ -z|-n ¤+ ¤¸.+.
::º·-z|-n| lnlnº÷ 100.00 100.00
4. ¤i(-¤i :-¤ªºnº =l¤=¤ lnlnº÷ ·||·- 100.00 100.00
5. ÷+ ¤i(-¤i ¤+ ln. ·|¸º|- 51.00 51.00
6. ¤i(-¤i ¤i¤- ¤in| +. ln. ·||·- 88.00 88.00
7. ¤i(-¤i ¤in| ¤|l+ª v|. ln. ·||·- 81.00 81.00
8. ¤(==i (=¤i ¤i(-¤i +¤|lº|ª-|- +¤|lº|ª-|- 84.375 63.64
* :- +|¤| n¤| + l¤·-i¤ l¤¤·º| ¤·| +-¤-i ~l·|l-¤n ¡º·· +i ·||·| ·¡º :ª| + ~--ª -
·||·- + l-¤-·|+ (¤ nt|n º||¤·i-|+ ,|·| ~- ¤¸ ·+ n º||¤·i-|| ¤¸ ·i t| - ¤· l·¤| º +i v|l-- +
~·¤·|i- t
187
2. Associates considered in consolidated financial statements
are as under:
(in %)
Name of the Country of Proportion of ownership
Associate Company incorporation percentage as at
31st March, 31st March,
2012 2011
1. Madhya Bihar Gramin Bank India 35 35
2. Haryana Gramin Bank India 35 35
3. Himachal Gramin Bank India 35 35
4. Punjab Gramin Bank India 35 35
5. Rajasthan Gramin Bank India 35 35
6. Sarva UP Gramin Bank India 35 35
7. Assets Care & Reconstruction
Enterprise Ltd. India 30 30
8. Everest Bank Ltd. Nepal 20 20
9. Principal PNB Asset
Management Co. Pvt. Ltd. India 30 30
10. Principal Trustee Co. Pvt. Ltd. India 30 30
11. India Factoring & Finance
Solutions Pvt Ltd. India 30 30
Footnote:
2.1 Everest Bank Ltd. follows accounting year different from that
of the Parent.
2.2 The bank's share in the following Associates have been
considered in the accounts on the basis of un-audited financial
statements received for the year 2011-12
a) Principal Trustee Co. Pvt. Ltd.
b) Principal PNB Asset Management Co. Pvt. Ltd.
c) Assets Care Enterprises Ltd.
d) Everest Bank Ltd. Nepal
2.3 During the year ended 31.03.2012, the bank's stake in JSC
SB PNB Kazakhistan has increased from 63.64% to 84.375%
2.4 The break-up of Capital Reserve/Goodwill is as follows:-
(` in Crores)
Particulars As on As on
31.03.2012 31.03.2011
Goodwill 0.23 0.23
Capital Reserves 66.76 55.19
Goodwill (Net) 0.00 0.00
Capital Reserve on Consolidation 66.53 54.96
2.5 Bank during the year raised as Perpetual bonds/
subordinated debt as Tier I and Tier II Capital respectively
as under:
(` in Crores)
Particulars As on As on
31.03.2012 31.03.2011
Amount of subordinated debt raised as Lower
Tier-II Capital during the year NIL NIL
Amount of subordinated debt raised as Upper
Tier-II Capital during the year NIL 500.00
Amount of perpetual bonds raised as
Tier-I Capital during the year NIL NIL
.. =nl+- l¤·-i¤ l¤¤·º| ¤·|| + ln( l---lnlº|- =t¤|ªi =ª·||~| ¤·
l¤-|· l+¤| ª¤| t ·
:% n|
=r¤r nt ¤r¤ªt ¤r ªrn f¤= ª rr fªrªf¬f=ra fafºr¤r
n nfaa r; ¤r t¤rfn-¤ ¤r ¤farra
31.03.2012 31.03.2011
1. n·¤ l¤t|· ª|niº| ¤+ ·||·- 35 35
2. tl·¤|º|| ª|niº| ¤+ ·||·- 35 35
3. ltn|-n ª|niº| ¤+ ·||·- 35 35
4. ¤¤|¤ ª|niº| ¤+ ·||·- 35 35
5. ·|¤ª·||- ª|niº| ¤+ ·||·- 35 35
6. =¤ ¤¸¤i ª|niº| ¤+ ·||·- 35 35
7. ~=º= +¤· (º÷ l·+ªº+z|-
(-º·v|:¤ ln. ·||·- 30 30
8. (¤·ªº ¤+ lnlnº÷ -¤|n 20 20
9. lvl=¤n ¤i(-¤i (=º
n-¤nº +. v|. ln. ·||·- 30 30
10. lvl=¤n ºªºi +. v|. ln. ·||·- 30 30
11. :l÷¤| ¤·+ºl·ª (÷ ¤·|:-|=
=|-¤¸z|¤ v|. ln. ·||·- 30 30
¤rª fºt¤¢rt
..¡ (¤·ªº ¤+ lnlnº÷ +| nº||+- ¤·| tn|· ¤+ = l·|-- t
... ¤·| .º¡¡¡. + ln( l---lnlº|- =t¤|ªi +-¤l-¤| = v|-- ª·
nº||¤·il-|- l¤·-i¤ l¤¤·º| ¤·|| + ~|·||· ¤· nº|| n ¤+ + z|¤·
+ l¤·|¤ n l¤-|· l+¤| ª¤| t
+. lvl=¤n ºªºi +-¤-i v|.ln.
º|. lvl=¤n ¤i(-¤i ~=º n-¤nº +-¤-i v|.ln.
ª. ~=º¸= +¤· (º·v|:l¤¤ ln.
·|. (¤·ªº ¤+ ln. -¤|n
..ª ª¡.ºª..º¡. +| =n|-- ¤·| + <| ·|- ¤ + - ¤ (==i (=¤i ¤i(-¤i
+¤ |lº|ª-|- ¤ + n ·ª.·:% = ¤· |+· º:.ª·% ·|lz| <| ¤ ¤· nª|: t
..: ¤¸¤i v|·l-|- l-l·|/=|º| +| l¤¤·º| l---lnlº|- t ·
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
¤t ftºrfa ¤t ftºrfa
=|º| 0.23 0.23
¤¸¤i v|·l-|- l-l·| 66.76 55.19
=|º| :z| z| 0.00 0.00
=n+- ¤· ¤¸¤i v|·l-|- l-l·| 66.53 54.96
z.e ¤rr ¤ ªrtrª ¤¤ ª ¤fn¤rªt ¤ªr¤·r.nr¢r sªrrtr ¤ =¤ n
anrr. ºt¤t-ì =rt ºt¤t-ìì ¤¸¬t fªrª¤a¸ ¬ºr; rì
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
¤r ¤r
¤·| + <|·|- n|~· ºi¤· ¤¸¤i + ª¤ n
¤º|: ª: ª|º| +º| +i ·|lz| z|¸-¤ z|¸-¤
¤·| + <|·|- ~¤· ºi¤· ¤¸¤i + ª¤ n
¤º|: ª: ª|º| +º| +i ·|lz| z|¸-¤ 500.00
¤·| + <|·|- ºi¤· ¤¸¤i + ª¤ n
¤º|: ª: ¤ln¤|<i ¤·|¤·|| +i ·|lz| z|¸-¤ z|¸-¤
188
3 The capital adequacy ratio (Basel I and Basel II) of the
bank group is:
Basel I Basel II
31.03.2012 31.03.2011 31.03.2012 31.03.2011
CRAR (%) 12.30% 12.29% 13.12% 13.01%
CRAR - Tier I capital (%) 8.96% 8.33% 9.56% 8.82%
CRAR - Tier II capital (%) 3.34% 3.96% 3.56% 4.19%
4. Disclosures required by Accounting Standards
4.1 AS 5 - Prior Period and Change in Accounting Policy
There were no material prior period income/expenditure items
requiring disclosure under AS-5.
4.2 AS 6 - Depreciation accounting
Break up of total depreciation for the year for each class of assets
(` in Crores)
Particulars (Class of Assets) Year ended Year ended
31.03.2012 31.03.2011
Premises 10.19 8.26
Other fixed assets 273.52 235.98
Leased assets 0.07 0.06
Computer software 18.63 20.29
Total 301.77 264.59
4.3 AS 9 - Revenue Recognition
The income which has been accounted on realization basis
are not considered to be material.
4.4 AS 11- Changes in foreign exchange rates:
Movement of Exchange Fluctuation Reserve
(` in Crores)
Particulars Amount
Balance as at 1st April 2011 0.00
Credited during the period 1.4.11 to 31.03.2012 34.94
Withdrawn during the period 0.00
Balance as at 31.03.2012 34.34
4.5 AS 15 - Employees Benefits:
ADOPTION OF AS - 15(R):
The Bank has adopted Accounting Standard 15(R) - Employee
Benefits, issued by the Institute of Chartered Accountants of
India (ICAI), with effect from 1st April 2007.
The Bank recognizes in its books of accounts the liability arising
out of Employee Benefits as the sum of the present value of
obligation as reduced by fair value of plan assets on the Balance
Sheet date.
In case of Other Long term employee benefits (LFC, Sick leave,
Silver Jubilee Award etc.) the transitional liability outstanding
for these benefits as on 01.04.2011 was ` 43.60 crores. The
same has been charged to Profit & Loss account during the
current year.
ª. ¤ + =n¸ t +| ¤¸ ¤i ¤¤| ---| ~- ¤|- :¤ =n ~| · ¤ =n| l---lnlº|-
t ·
¤=¬-ì ¤=¬-ìì
31.03.2012 31.03.2011 31.03.2012 31.03.2011
=i~|·(~|· (%) 12.30% 12.29% 13.12% 13.01%
=i~|·(~|· ºi¤· ¤¸¤i (%) 8.96% 8.33% 9.56% 8.82%
=i~|·(~|· ºi¤· ¤¸¤i (%) 3.34% 3.96% 3.56% 4.19%
+. ¬=rr nrª¤r çrtr =¤f+ra ¤¤ºt¤t¢r
+.+ ¬=rr nrª¤-s ¤¸¤ =¤fªr =rt ¬=rr¤ª ªtfa n ¤ft¤aª
nº|| n|-+· + ~·|i- +|: nt·¤¤¸º| ¤¸¤~¤l·| ~|¤/·¤¤ +|
v+ºi+·º| ~¤l-|- -ti t
+.z ¬=rr nrª¤ e . n¸r¤çr= ¬=rr f¤fªr
¤·| n ~|lª-¤| + v·¤+ ¤ª + ln( l+( ª( n¸-¤r|= +| ·¤|·|
:` +·|÷ n|
f¤¤t¢r (=rfta v¢rt¸ 31.03.2012 31.03.2011
¤r =nrta ¤rr ¤r =nrta ¤rr
¤l·=· 10.19 8.26
~-¤ ~-n ~|lª-¤| 273.52 235.98
¤º¸º ¤|ni ~|lª-¤| 0.07 0.06
+--¤¸º· =|º¤¤· 18.63 20.29
¤|÷ 301.77 264.59
+.s ¬=rr nrª¤ v - tr¬t¤ ¤r¤rª
l¤= ~|¤ +| ¤=¸ni + ~|·||· ¤· nº||l+- l+¤| ª¤| t -=
nt·¤¤¸º| -ti n|-| ª¤| t
+.+ ¬=rr nrª¤ ++ - f¤ªrrt f¤fªn¤ ªtr n ¤ft¤aª .
l¤<z|i l¤l-n¤ --|· -·|¤ l-l·| +i ·|º¤·
:` +·|÷ n|
f¤¤t¢r trfrr
º¡ ~v n .º¡¡ +| z|·| 0.00
º¡.º:..º¡¡ = ª¡.ºª..º¡. +i ~¤l·| n l+¤| ª¤| +l÷º 34.94
~¤l·| + <| ·|- ~|tl·- 0.00
ª¡.ºª..º¡. +| z|·| 34.34
+.s ¬=rr nrª¤-+s ¤n¤rtt ¬r+r .
¬=rr nrª¤-+s (=rrrfªra¸ ¤r =nt¤t¢r .
¤+ - º¡.º:..ºº = ·||·-i¤ =-<i nº||+|· =ª·||- ,|·| ¤|·i nº||
n|-+¡· :=z||l·|-| +n-|·i n|·| +| ~ªi+|· l+¤| t
¤+ - nº||¤lt¤| n -n-¤·| l-l·| +| ¤|¤-| ~|lª-¤| + -l--
n¸-¤ +| ·|º|+· <¤-| + ¤-n|- n¸-¤ +i ·|lz| + ª¤ n +n-|·i
n|·|| = ~|¤i <¤-| +| n|-¤ l+¤| t
~-¤ <i·||¤l·| +n-|·i n|·|
n(¤·=i ¤in|·i +i ¤º¸ºi l=-¤·¤¤ni ~¤|÷ :·¤|l<| t|- +i lª·|l- n º¡.º:..º¡¡ +| :- n|·|| +
ln( ¤+|¤| =+nº| <¤-| ` :ª.·º +·|÷ ·|i -|n¸ ¤·| + <|·|- :=
n|·| ¤ t|l- º||- n v·||l·- l+¤| ¤| -+| t
189
OPENING OF PENSION OPTION TO EMPLOYEES AND
ENHANCEMENT IN GRATUITY LIMITS
During the year 2010-11 the Bank reopened the pension
option for such of its employees who had not opted for the
pension scheme earlier. As a result of exercise of which by
33982 employees, the bank has incurred a liability of `2757.65
crores. Further during the year 2010-11 the limit of gratuity
payable to the employees of the banks was also enhanced
pursuant to the amendment to the Payment of Gratuity Act,
1972. As a result the gratuity liability of the Bank has increased
by `566.00 crores. These Liabilities were calculated on the
basis of actuarial valuation..
In terms of the requirements of the Accounting Standard (AS)
15, Employee Benefits, the entire of ` 3323.65 crores.
(` 2757.65 cr. + ` 566.00 cr.) were required to be charged to
the Profit and Loss Account. However, the RBI has issued a
circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated 9th
February 2011, on "Re-opening of Pension Option to Employees
of Public Sector Banks and Enhancement in Gratuity Limits-
Prudential Regulatory Treatment". In accordance with the
provisions of the said Circular, the Bank had charged off ` 664.73
crores representing one-fifth of ` 3323.65 crores to Profit &
Loss Account for this year (` 664.73 crore already charged in
previous year). In terms of the requirements of the aforesaid
RBI circular, the balance amount carried forward, i.e. ` 1994.19
crores. (` 3323.65 cr- ` 1329.46 cr.) does not include any liability
relating to separated/retired employees. Such balance amount
carried forward has been grouped in Schedule 5 under head
"Others" and correspondingly in Schedule 11 under 'Others' and
will be charged off in subsequent years.
DISCLOSURE IN ACCORDANCE WITH AS-15(R):
In line with the accounting policy and as per the Accounting
Standard - 15(R), the summarized position of post employment
benefits are recognized in the Profit & Loss A/c and Balance
Sheet as under:
I Principal Actuarial Assumption at the Balance sheet
date (expressed as weighted averages)
(in %)
Acturial Assumptions Pension Gratuity Leave Encashment
(Funded) (Funded) (Unfunded)
31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011 31.03.2012
Discount Rate 8.45% 8.80% 8.17% 8.60% 8.17% 8.60%
Expected Return on
Plan Assets 8.56% 8.61% 8.59% 8.61% - -
Rate of Escalation In salary 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Attrition Rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
¤n¤rft¤r ¤ f¬q ¤rrª f¤¤r¤ =rr¬ªr aºrr s¤ªrª =tnr n
¤ fq
¤·| .º¡º¡¡ + <|·|- ¤+ - ~¤- -- +n-|l·¤| + ln( ¤z|-
l¤+-¤ º||n l<¤| l¤-t|- ¤tn ¤z|-¤|¤-| + ~--ª- l¤+-¤ -ti
l<¤| ·|| := l¤+-¤ +| v¤|ª l+¤ ¤|- + ¤·nª¤ª¤ ªªºº.
+n-|l·¤| + +|·º| ¤+ +i <¤-| ª¤¤ .·.·· +·|÷ t: t :=+
~n|¤| ¤·| .º¡º¡¡ + <|·|- -¤<|- ·|ª-|- ~l·|l-¤n ¡º. n
=z||·|- + ¤·nª¤ª¤ +n-|l·¤| +| <¤ -¤<|- +i ¤+ +i =in| ·|i
¤· ª¤i ·|i :=+ ¤·nª¤ª¤ ¤+ +i -¤<|- <¤-| n ···.ºº +·|÷
+i ¤lz t: :- <¤-|~| +i ªº|-| ¤in|l++ n¸-¤|+- + ~|·||· ¤·
+i ¤|-i t
n º|| n|-+¡· +n -|·i n|·| +i ~¤ -||~| + ~- =|· ª¤¤
ªª.ª.·· +·| ÷ +i =nª ·|lz| :ª¤¤ .·.·· +·| ÷ - ª¤¤ ···.
ºº +·| ÷ | n|·| ¤ t|l- º||- n v·||l·- l+¤| ¤|-| ~¤ l-|- ·||
¤t·t|n ·||·-i¤ l·¤¤ ¤+ - ''=|¤¤l-+ -|·| + ¤+| + +n-|l·¤|
+ ln( ¤ z|- l¤+-¤ ¤ -· º|| n-| -·|| -¤<|- =in|~| n ¤ lz
l¤¤ +¤¸ º| l¤l-¤|n+ = ·¤¤t|·'' l¤·|¤ ¤· l<-| + º ¤··¤·i .º¡¡
+| ¤l·¤·| = º¤| ÷i¤i~| ÷i.¤i¤i.÷i=i.ºº/.¡.º:.º¡º/.º¡º¡¡ ¤|·i
l+¤| t -+- ¤l·¤·| + v|¤·||-| + ~- =|· ¤ + - ª¤¤ ªª.ª.··
+·| ÷ + ¤| -¤ ltª= + ¤·|¤· +i ·|lz| ª¤¤ ··:.ª +·| ÷ +|
¤·| + n|·| ¤ t|l- º||- n v·||l·- l+¤| ·|| :` ··:.ª +·| ÷
l¤¤n ¤·| ¤ ·||l·- l+( ¤| - + t | ·||·-i¤ l·¤ ¤ ¤ + + -¤¤ +-
¤l·¤·| +i ~¤ -||~| + ~- =|· ~|ª n ¤|¤i ª¤i z| ·| ·|lz| ~·|| -¸
` ¡ºº:.¡º +·| ÷ :` ªª.ª.·· +·| ÷ ` ¡ª.º.:· +·| ÷ | +i
·|lz| n ~nª t (/= ¤|l-¤ ·- +n -|l·¤| = =-¤z +| : < ¤-| z||lnn
-ti t ~|ª n ¤|¤i ª¤i ( =i z| ·| ·|lz| +| ~- =¸ -i· + ''~-¤''
z|i·| -·|| ~- =¸ -i ¡¡ + '~-¤' z|i·| + ~--ª - =n¸ t n ·º||
¤|¤ ª| ~| · ¤·¤-i ¤·|| n -= ¤ ·||l·- l+¤| ¤|¤ ª|
¬=rr nrª¤-+s (=rrrfªra¸ ¤ =ª=rt ¤¤ºt¤t¢r
nº||+- -il- + ~-ª¤ -·|| nº|| n|-+ ¡· :=z||l·|-| + ~-=|·
+n-|·i n|·| + ¤|< +i =|··|¸- lª·|l- + ~-=|· n|·|| +| n|·| ¤
t|l- º||- ¤ -n-¤·| n l---lnlº|- ª¤ = n|-| ¤|-| t ·
I a ¬ª¤·r fafºr ¤r f¤ f=¤¬ ¤tnr f¤¤ ªrrt¢rrq (ªrrfta =r =a
¤ =¤ n ª¤¤a¸
:% n|
¤tnrf¤¤ ªrrt¢rrq ¤rrª s¤ªrª øº¸ºt ª¤ªt¤t¢r
(fªfªr¤¸ (fªfªr¤¸ (n tfªfªr¤¸
31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011 31.03.2012
l÷ª+|-º <· 8.45% 8.80% 8.17% 8.60% 8.17% 8.60%
¤|¤-| ~|lª-¤| +
vl-¤·n +i = ·||l¤- <· 8.56% 8.61% 8.59% 8.61% - -
¤-- ¤lz <· 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
r|= (Attrition) <· 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
190
II Changes in the present value of the obligations (PVO)
Reconciliation of Opening and closing balances
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 01.04.2011 10590.72 2398.74 1033.40
Interest Cost 876.69 188.56 79.55095
Current Service Cost 1352.10 142.53 34.7016
Benefits paid (431.27) (181.69) (119.50)
Actuarial loss / (gain) on obligations
(Balancing Figure) (719.44) 8.06 73.94
Present value of Obligation, 31.03.2012 11668.83 2556.20 1102.09
III Changes in the Fair Value of Plan Assets-
Reconciliation of opening and closing balances:
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
FAIR value of Plan Assets, 01.04.2011 8449.60 1945.94 -
Expected return on Plan assets 771.39 172.27 -
Contributions 1555.27 300.86 118.59
Benefits Paid (431.27) (181.69) (119.50)
Acturial (loss) / gain on Plan Assets
(Balancing Figure) (153.08) (21.07) (0.91)
FAIR value of Plan Assets, 31.03.2012 10191.91 2216.31 -
IV Actual Return on Plan Assets
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Expected return on Plan Assets 771.39 172.27 -
Acturial (loss) / gain on Plan Assets (153.08) (21.07) -
Actual Return on Plan Assets 618.31 151.20 -
V Net Actuarial (Gain) / loss Recognized
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Actuarial (loss) / gain on obligations 719.44 8.06 73.94
Actuarial (loss) / gain on Plan Assets 153.08 21.07 0.91
Net Actuarial (gain) or loss recognized in year (566.36) 29.13 74.85
II ªrf¤-¤r ¤ ¤anrª n¸r¤ n ¤ft¤aª-=ºr aºrr ;fa rrrrr ¤r
=nrªrrª
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
<|l¤·¤ +| ¤- n|- n¸-¤ º¡.º:..º¡¡ 10590.72 2398.74 1033.40
·¤|¤ n|ª- 876.69 188.56 79.55095
-|n¸ =¤| n|ª- 1352.10 142.53 34.7016
v<·- n|·| (431.27) (181.69) (119.50)
<|l¤·¤| ¤· ¤in|l++ t|l-/:n|·||
:lnn|- l+( ª( ~|+÷| (719.44) 8.06 73.94
<|l¤·¤ +| ¤- n|- n¸-¤ ª¡.ºª..º¡. 11668.83 2556.20 1102.09
III. ¤r¬ªr =rfta¤r ¤ sf¤a n¸r¤ n ¤ft¤aª- =ºr aºrr ;fa
rrrrr ¤r =nrªrrª
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
¤|¤-| ~|lª-¤| +| -l-- n¸-¤ º¡.º:..º¡¡ 8449.60 1945.94 -
¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n 771.39 172.27 -
¤ + ,|·| ~z|<|- +n -|·i 1555.27 300.86 118.59
v<·- n|·| (431.27) (181.69) (119.50)
¤|¤-| ~|lª-¤| ¤· ¤in|l++ :t|l-|/n|·|
:lnn|- l+( ª( ~|+÷| (153.08) (21.07) (0.91)
¤|¤-| ~|lª-¤| +| -l-- n¸-¤ ª¡.ºª..º¡. 10191.91 2216.31 -
IV. ¤r¬ªr =rfta¤r ¤t ¤rtaf¤¤ ¤fa¤·¬
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n 771.39 172.27 -
¤|¤-| ~|lª-¤| ¤· ¤in|l++ :t|l-|/n|·| (153.08) (21.07) -
¤|¤-| ~|lª-¤| ¤· ¤|ª-l¤+ vl-¤·n 618.31 151.20 -
V. nr-¤ ¤tnrf¤¤ (¬r+r¸.rrfª
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
<|l¤·¤ ¤· ¤in|l++ :t|l-|/n|·| 719.44 8.06 73.94
¤|¤-| ~|lª-¤| ¤· ¤in|l++ :t|l-|/n|·| 153.08 21.07 0.91
n|-¤ z|z ¤in|l++ :n|·|| ~·|¤| t|l- (566.36) 29.13 74.85
191
VI Amount recognized in Balance Sheet and related
analysis
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 31.03.2012 11668.83 2556.20 1102.09
FAIR value of Plan Assets, 31.03.2012 10191.91 2216.31 0
Difference 1476.92 339.89 1102.09
Unrecognized Past Service cost -
vested benefits - Carried Forward (1654.59) (339.60) 0
Negative amount determined under
Paragraph 55 of AS-15 (R) (177.67) - -
Present value of available future refunds
and reductions in future contributions 177.67 - -
Asset recognized as per Limit under
paragraph 59 (b) of AS-15 ( R ) 177.67 - -
Liability Recognized in the Balance Sheet - 0.29 1102.09
VII. Expenses recognized in the Profit & Loss A/c
(Amount ` in Crore)
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Current Service Cost 1352.10 142.53 34.70
Interest Cost 876.69 188.56 79.55
Expected return on Plan assets (771.39) (172.27) 0
Net Actuarial (gain) or loss recognized
in year (566.33) 29.13 74.84
Past Service Cost- (vested benefits)
Recognized 551.53 113.20 0
Expense Recognised in Statement of
Profit & Loss 1442.60 301.15 189.10
VIII Movement in Net Liability to be recognized in Balance
Sheet
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Opening Net Liability (65.00) 0 1033.40
Expense 1442.60 301.15 189.10
Contributions Paid (1555.27) (300.86) (118.59)
Closing Net Liability (Liability recognized
in B/S in current period (177.67) 0.29 1103.91
VI. a¬ª¤·r n nr-¤ trfrr =rt =¤q f¤r¬rr¢r .
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
<|l¤·¤| +| ¤- n|- n¸-¤ ª¡.ºª..º¡. 11668.83 2556.20 1102.09
¤|¤-| ~|lª-¤| +| -l-- n¸-¤ ª¡.ºª..º¡. 10191.91 2216.31 0
~-· 1476.92 339.89 1102.09
~n|-¤ l¤ª- =¤| n|ª-
ª · l-lt- n|·| ~|ª n ¤|¤| ª¤| (1654.59) (339.60) 0
nº||n|-+ ¡· :=z||l·|-| + ¤ ·| ··
+ ~-ª - -+|·|·n+ ·|lz| (177.67) - -
-¤n··| ·||¤i +º| -i ~| · ¤|¤=i +
~z|<|- +| ¤- n|- n¸-¤ 177.67 - -
nº|| n|-+ ¡· :=z||l·|-| + ¤ ·| ·º º|
+ ~--ª- n|-¤ ~|lª-¤| 177.67 - -
-n-¤·| n n|-¤ <¤-| - 0.29 1102.09
VII. ¬r+r ¤ rrfª =rra n nr-¤ ª¤¤
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
-|n¸ =¤| n|ª- 1352.10 142.53 34.70
·¤|¤ n|ª- 876.69 188.56 79.55
¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n (771.39) (172.27) 0
¤·| n z|z n|-¤ ¤in|l++ :n|·||
~·|¤| t|l- (566.33) 29.13 74.84
n|-¤ l¤ª- =¤| n|ª-
:l-lt- n|·|| 551.53 113.20 0
n|·| ¤ t|l- l¤¤·º|i n
n|-¤ ·¤¤ 1442.60 301.15 189.10
VIII. a¬ª¤·r n rrq nr-¤ ª¤ar n rrº-¤z
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
v|·l-·|+ z|z <¤-| (65.00) 0 1033.40
·¤¤ 1442.60 301.15 189.10
v<·- ~z|<|- (1555.27) (300.86) (118.59)
~l-n z|z <¤-| :-|n¸ ~¤l·| n
-n-¤·| n n|-¤ <¤-|| (177.67) 0.29 1103.91
192
IX Amount for the current Period
(Amount ` in Crore )
Particulars Pension Gratuity Leave
(Funded) (Funded) Encashment
(Unfunded)
Present value of Obligation, 31.03.2012 11668.83 2556.20 1102.09
FAIR value of Plan
Assets, 31.03.2012 10191.91 2216.31 0
Surplus / (Deficit) (1476.92) (339.89) (1102.09)
Experience Adjustments in Plan
Liabilities -(loss) / Gain 22.29 75.90 (99.65)
Experience Adjustments in Plan
Assets (loss) / gain (153.08) (21.07) (1.82)
X Major Categories of Plan Assets (as percentage of
Total Plan Assets)
(In Percentage)
Particulars Pension Gratuity
(Funded) (Funded)
Government Of India Securities 23.33 22.22
State Govt Securities 25.49 28.94
High Quality Corporate Bonds 25.23 28.36
Equity Shares of listed companies 0.00 0.00
Property 0.00 0.00
Special deposit scheme 8.80 0.00
Funds managed by Insurer 0.00 6.87
Other- Bank Deposits and CDs 17.15 13.61
TOTAL 100.00 100.00
XI BEST ESTIMATE OF CONTRIBUTION DURING NEXT
YEAR
(Amount ` in Crore )
Particulars Pension Gratuity
(Funded) (Funded)
Bank's best estimate of Contribution during next year 1200.00 250.00
XII Other Long Term employee benefits (Unfunded)
(Amount ` in Crore )
Particulars Leave Silver Sick Leave
Fare Jublee including
concession Bonus casual leave
(unfunded) (Unfunded) (Unfunded)
Present Value of Obligation 119.56 12.80 219.88
Opening Balance of Transitional Liability 18 1.80 24
Transitional Liability recognized in the year 18 1.8 24
Closing Balance Of Transitional Liability 0 0 0
Liability Recognized in balance Sheet 119.56 12.80 219.90
IX. ¤anrª =¤fªr ¤ f¬q trfrr
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª øº¸ºt
(fªfªr¤¸ (fªfªr¤¸ ª¤ªt¤t¢r
(ntfªfªr¤¸
<|l¤·¤| +| ¤- n|- n¸-¤ ª¡.ºª..º¡. 11668.83 2556.20 1102.09
¤|¤-| ~|lª-¤| +| -l--
FAIR n¸-¤ ª¡.ºª..º¡. 10191.91 2216.31 0
~l·|z|·|/:·||º|| (1476.92) (339.89) (1102.09)
¤|¤-| <¤-|~| ¤· =·||l¤-
=n|¤|¤- :t|l-|/n|·| 22.29 75.90 (99.65)
¤|¤-| ~|lª-¤| ¤· =·||l¤-
=n|¤|¤- :t|l-|/n|·| (153.08) (21.07) (1.82)
X. ¤r¬ªr =rfta¤r ¤t ¤n=r vf¢r¤r (¤¬ ¤r¬ªr =rfta¤r ¤
¤farra ¤ =¤ n¸
:%|
f¤¤t¢r ¤rrª s¤ªrª
(fªfªr¤¸ (fªfªr¤¸
·||·- =·+|· +i vl-·|¸l-¤| 23.33 22.22
·|-¤ =·+|·| +i vl-·|¸l-¤| 25.49 28.94
--- ªº|¤·-| ¤|n +|¤|·º ¤|º÷ 25.23 28.36
=¸-i¤z +-¤l-¤| + :l+¤ºi z|¤· 0.00 0.00
=¤l·- 0.00 0.00
l¤z|·| ¤n| ¤|¤-|( 8.80 0.00
¤in|+·- | ,|·| v¤l·|- l-l·|¤| 0.00 6.87
~-¤ ¤ + ¤n|·|lz|¤| -·|| ¤n|vn|º|¤·| 17.15 13.61
¬rz 100.00 100.00
XI. =rnrnt ¤rr ¤ ªrtrª =rrªrª ¤r vraan =ªnrª
:·|lz| ` +·|÷ n|
f¤¤t¢r ¤rrª s¤ªrª
(fªfªr¤¸ (fªfªr¤¸
~|ª|ni ¤·| + <| ·|- ~z|<|- +| ¤ + +| >·a-n ~-n|- 1200.00 250.00
XII. =-¤ ªtrrr¤fªr ¤n¤rtt ¬r+r (ntfªfªr¤¸
:·|lz| ` +·|÷ n|
f¤¤t¢r ø º¸ ºt f=¬¤t =r¤ftn¤
ª¤ªt¤t¢r ¬¤¬t øº¸ºt =fra
(ntfªfªr¤¸ ¤rª= ¤tnrtt ¤t
(ntfªfªr¤¸ øº¸ºt
(ntfªfªr¤¸
<|l¤·¤ +| ¤-n|- n¸-¤ 119.56 12.80 219.88
=+nº|z|in <¤-| +| v|·l-·|+ z|·| 18 1.80 24
¤·| + <|·|- n|-¤ =+nº|z|in <¤-| 18 1.8 24
=+nº|z|in <¤-| +| ~l-n z|·| 0 0 0
-n-¤·| n n|-¤ <¤-| 119.56 12.80 219.90
193
XIII Basis of Actuarial Assumption Considered
Particulars Basis of assumption
Discount rate Discount rate has been determined by reference to
market yields on the balance sheet date on Government
Bonds of term consistent with estimated term of the
obligations as per para 78 of AS15R.
Expected rate of return The expected return on plan assets is based on market
on plan assets expectations, at the beginning of the period, for returns
over the entire life of the related obligation.
Rate of escalation in salary The estimates of future salary increases considered in
actuarial valuations taking into account inflation,
seniority, promotion and other relevant factors
mentioned in paras 83-91 and 120(I) of AS15R.
Attrition rate Attrition rate has been determined by reference to past
and expected future experience and includes all types
of withdrawals other than death but including those due
to disability.
4.6 SEGMENT REPORTING FOR THE YEAR ENDED 31ST
MARCH 2012
(As compiled by the management and relied upon by
Auditors)
( ` in Lacs)
S. Particulars YEAR ENDED YEAR ENDED
No. 31.03.2012 31.03.2011
(Audited) (Audited)
(Consolidated) (Consolidated)
i. Segment Revenue
a) Treasury 874484 651345
b) Corporate/Wholesale Banking 1934958 1402132
c) Retail Banking 1267031 986559
d) Other Banking Operations 92209 80624
Total 4168682 3120660
ii. Segment Results
a) Treasury 87716 78745
b) Corporate/Wholesale Banking 650427 532636
c) Retail Banking 424137 365407
d) Other Banking Operations 22677 29683
Total 1184957 1006471
iii. Unallocated Expenses 102606 81445
iv. Operating Profit 1082351 925026
v. Provision for Tax 219648 217861
vi. Extraordinary Items – –
vii. Share of Earnings in Associates (Net) 7768 8105
viii. Minority Interest 2703 2191
ix. Net Profit 502546 457473
Other Information:
x. Segment Assets
a) Treasury 13305485 9925690
b) Corporate/Wholesale Banking 22865776 18771848
c) Retail Banking 9635206 8969263
d) Other Banking Operations 879556 606953
Sub Total 46686023 38273754
e) Unallocated Assets 358516 354627
Total Assets 47044539 38628381
XIII. f¤¤rt ¤t n¤t ¤tnrf¤¤ ªrrt¢rr=r ¤r =rªrrt
f¤¤t¢r ªrrt¢rr ¤r =rªrrt
l÷ª+|-º <· =z||l·|- nº|| n|-+ =º¤| ¡· + ~-=|· <|l¤·¤ +i
~-n|l-- z|- + ~-ª¤ =·+|·i ¤·| ¤·|| ¤· -n-¤·| +i
l-l·| +| ¤|¤|· v|l--¤| + =<·| ,|·| l-lz--¸ l÷ªº|-º <·
-¤ +i ª: t
¤|¤-| ~|lª-¤| + vl-¤·n ¤|¤-| ~|lª-¤| ¤· =·||l¤- vl-¤·n <· =¤l·|- <|l¤·¤ +i
+i =·||l¤- <· ¤¸·i ~|¤ + l·º-| + ln( ~¤l·| + ~|·-·| n ¤|¤|·
=·||¤-|~| ¤· ~|·||l·- t
¤-- n ¤lz +i <· ·||¤i ¤-- ¤lz + ~-n|-| + ln( +n -|·i ¤|¤|· n
~|¤¸l- (¤ n|ª ¤= =¤z ·|º+| ntª|: ¤l··a-| ¤<|--l-
~|l< ¤· ¤in|l++ n¸-¤|+- ¤· =z||l·|- nº|| n|-+ =º¤|
¡· + ¤ ·| =º¤| ºªº¡ ~| · ¡.º :I|+ ~-=|· l¤-|·
l+¤| ª¤| t
r|= <· l-+|=i <· +| l-·|| ·º| l¤¤n ~| · =·||l¤- ·||¤i ~-·|¤|
=<·| ,|·| l+¤| ª¤| t ~|· -=n n·¤ +| ¤|÷+· l+-
~z|+--| + +|·º| t: ~-¤ =·|i v+|· +i l-+|l=¤|
=l-nln- t
+.e s+ nr¤ zo+z ¤r =nrta ¤rr ¤ f¬q =r¢z¤rt ft¤rfºn
:v¤-·|- ,|·| -¤|· +i ª¤i -·|| nº||¤·i-|+| ,|·| -= ¤· l¤z¤|=
l+¤| ª¤||
:·|lz| n|º| ` n|
a. f¤¤t¢r 31.03.2012 31.03.2011
=. ¤r =nrta ¤rr ¤r =nrta ¤rr
(¬=rr¤ttf+ra¸ (¬=rr¤ttf+ra¸
(=n f¤a¸ (=n f¤a¸
i. =r z¤rt tr¬t¤
+| º¤·i 874484 651345
º|| +|¤|·º/t|n=n ¤l+ª 1934958 1402132
ª| l·ºn ¤l+ª 1267031 986559
·|| ~-¤ ¤ l+ª ¤l·-|n- 92209 80624
¤|÷ 4168682 3120660
ii. =r z¤rt ¤ft¢rrn
+| º¤·i 87716 78745
º|| +|¤|·º/t|n=n ¤l+ª 650427 532636
ª| l·ºn ¤l+ª 424137 365407
·|| ~-¤ ¤ l+ª ¤l·-|n- 22677 29683
¤|÷ 1184957 1006471
iii. ª · ~|¤lº- ·¤¤ 102606 81445
iv. ¤l·-|n- n|·| 1082351 925026
v. +· t- v|¤·||- 219648 217861
vi. ~=|·||·º| n< – –
vii. =t|¤+ =ª·||~| n ~¤-| +| ~z| 7768 8105
viii. ~-¤|z| lt- 2703 2191
ix. z|z n|·| 502546 457473
=-¤ =¸ ¤ªr
x. =r z¤rt =rfta¤r
+| º¤·i 13305485 9925690
º|| +|¤|·º/t|n=n ¤l+ª 22865776 18771848
ª| l·ºn ¤l+ª 9635206 8969263
·|| ~-¤ ¤ l+ª ¤l·-|n- -¤ ¤|÷ 879556 606953
s¤ ¬rz 46686023 38273754
÷| ª· ~|¤lº- ~|lª-¤| 358516 354627
+ n ~|lª-¤| 47044539 38628381
194
xi. =r z¤rt ª ¤arq
+| º¤·i 12397032 9396516
º|| +|¤|·º/t|n=n ¤l+ª 21721637 17892955
ª| l·ºn ¤l+ª 9059396 8395543
·|| ~-¤ ¤ l+ª ¤l·-|n- -¤ ¤|÷ 827953 577553
s¤ ¬rz 44006018 36262567
÷| ª· ~|¤lº- <¤-|( 118137 104348
+n <¤-|( 44124155 36366915
-|º · l¤¤ni ~¤l·| + ~|+÷| +| ¤·||¤z¤+ ·¤¤ ~|¤º- + ~|·||· n ¤l·¤- - +· ¤-· =n¸t-/¤-·
>º|i¤z l+¤| ª¤| t
nr ¢r =r z
-¸l+ ·||·- + ¤|t· +| n- <- ¡º% +i v|·l-·|+ =in| = +n t ~-· ª| º| º|÷¤|· =¸--| l<¤| ¤|-|
~¤l-|- -ti t
+.z +rrtat¤ =ªªt ¬=rr¤rt =tºrrª çrtr ¬rtt =rrrfªra ¬=rr nrª¤ -
+s ¤ =ª=rt ¤¤ºt¤t¢r
=¤l·|- ¤|lº¤| + -|n -·|| ¤+ + =|·| --+ =¤·|
n=¤ ¤¤ªrª ¤rfn¤ .
+. >i + ~|· +|n- ~·¤-| (¤ v¤·| l-<z|+
º|. >i (n ¤i. º|+=|n +|¤¤|n+ l-<z|+ :.º.º·..º¡¡ -+|
ª. >i ·|+z| =ai +|¤¤|n+ l-<z|+
·|. >in-i -·|| ~- -= ¤ nº¤- +|¤ ¤|n+ l-< z|+ :¡º.º..º¡¡ = |
=ªrrfn¤r .
i| ¤i(-¤i lª-º= lnlnº÷
ii| ¤i(-¤i t|-l=ª ¤·|:-|= lnlnº÷
iii| ¤¤|¤ -z|-n ¤+ ::º·-z|-n| lnlnº÷ ¤¸.+.
iv| ¤i(-¤i :-¤ªºnº =l¤=¤ lnlnº÷
v| ÷+ ¤i(-¤i ¤+ lnlnº÷
vi| ¤i(-¤i :z¤|·= ¤|l+ª v|:¤º lnlnº÷
vii| ¤i(-¤i ¤i¤- ¤in| +-¤-i lnlnº÷
viii| ¤(==i (=¤i ¤i(-¤i +¤|lº|ª-|-
=r¤rnt =tºrrq
i| (¤·ªº ¤+ ln.
ii| lvl=¤n ¤i(-¤i ~=º n-¤nº +-¤-i v|.ln.
iii| lvl=¤n ºªºi +-¤-i v|.ln.
iv| ~=º= +¤· (º÷ l·+ªº+z|-¤ (º·v|:¤ ln.
v| :l÷¤| ¤·+ºl·ª (º÷ ¤·|:-|= =|-¤¸z|¤ v|.ln.
vi| n·¤ l¤t|· ª|niº| ¤+ ¤º-|
vii| tl·¤|º|| ª|niº| ¤+ ·|t-+
viii| ltn|-n ª|niº| ¤+ nº÷i
ix| ¤¤|¤ ª|niº| ¤+ +¤¸··|n|
x| ·|¤ª·||- ª|niº| ¤+ ~n¤·
xi| =¤ ¤¸¤i ª|niº| ¤+ n·a
xi. Segment Liabilities
a) Treasury 12397032 9396516
b) Corporate/Wholesale Banking 21721637 17892955
c) Retail Banking 9059396 8395543
d) Other Banking Operations 827953 577553
Sub Total 44006018 36262567
e) Unallocated Liabilities 118137 104348
Total Liabilities 44124155 36366915
Note: Figures of the previous period have been re-grouped / reclassified wherever necessary
on change in basis of allocation of expenditure
Secondary Segment :
As the operations outside India are less than the threshold limit of 10%, secondary
segment information has not been required to be furnished.
4.7 Disclosure of Related Parties as per AS -18 issued by ICAI
Names of the related parties and their relationship with the
Bank:
Key Management Personnel:
i) Shri K. R. Kamath, Chairman & Managing Director
ii) Shri M.V. Tanksale, Executive Director (upto 28.06.2011)
iii) Shri Rakesh Sethi, Executive Director
iv) Ms. Usha Ananthasubramanian (w.e.f. 19.07.2011)
Subsidiaries
i) PNB Gilts Ltd.
ii) PNB Housing Finance Ltd.
iii) Punjab National Bank (International) Ltd., UK
iv) PNB Investment Services Ltd
v) Druk PNB Bank Ltd.
vi) PNB Insurance Broking Pvt Ltd.
vii) PNB Life Insurance Company Ltd.
viii) JSC SB PNB Kazakhstan
Associates:
i) Everest Bank Limited
ii) Principal PNB Asset Management Company Pvt. Ltd.
iii) Principal Trustee Company Private Limited
iv) Assets Care & Reconstructions Enterprise Ltd.
v) India Factoring & Finance Solutions Pvt Ltd
vi) Madhya Bihar Gramin Bank, Patna
vii) Haryana Gramin Bank, Rohtak
viii) Himachal Gramin Bank, Mandi
ix) Punjab Gramin Bank, Kapurthala
x) Rajasthan Gramin Bank, Alwar
xi) Sarva UP Gramin Bank, Meerut
195
=¤fªra ¤rfº¤r = ¬ª ªª*
nª. n¸¬** =ªrrfn¤r ** =r¤rnt.=¤¤a n=¤ ¤¤ªrª n=¤ ¤¤ªrª ¤rn
=¤fªra (t¤rfn-¤ =ºr¤r sun ¤rfn¤ ¤rfn¤r ¤
¤rºt fª¤·r¢r ¤ =ª=rt¸ ftraªrt
2011-12 =fªr¤an 2011-12 =fªr¤an 2011-12 =fªr¤an 2011-12 =fªr¤an 2011-12 =fªr¤an 2011-12 =fªr¤an
¤¤r¤r ¤¤r¤r ¤¤r¤r ¤¤r¤r ¤¤r¤r ¤¤r¤r
trfrr trfrr trfrr trfrr trfrr trfrr
¤|l·>ln+ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- 58.03 n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 58.03 58.03
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- (59.42) n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (59.42) (59.42)
-·||· n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- - - - -
¤n|·|lz|¤| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 2364.72 10461.30 59.37 67.45 0.54 5.52 2424.63 10534.27
(6.11) (7639.98) (19.12) (36.93) (0.41) (0.75) (25.64) (7677.66)
¤n|·|lz|¤| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 4298.21 4298.21 4298.21 4298.21
+| l-¤| ¤- (00.00) (2428.94) (00.00) (2428.94)
~lªn n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 36917.21 37815.72 0.00 0.00 0.00 0.00 36917.21 37815.72
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (12770.62) (13752.76) (0.00) (0.46) (0.00) (0.00) (12770.62) (13753.22)
z|¤· ¤¸¤i n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 9407.00 n|ª¸ -ti 5.33 n|ª¸ -ti -- -- 9412.33 n|ª¸ -ti
n l-¤z| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (7907.00) (n|ª¸ -ti) -- -- -- -- (7907.00) (n|ª¸ -ti)
+º| ¤·|| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- -- -- -- -- -- --
n l-¤z| n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (0.00) (0.00) -- -- -- -- -- --
ª·l-l·|+ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (0.00) (0.00) -- -- -- -- -- --
vl-¤z-|(
-¤·||ª +i ª: -- -- -- -- -- -- -- -- -- -- -- --
nil¤ª/t|¤·
¤-¤ ·¤¤ª·||(
v|¤·||- +i ª: -- -- -- -- -- -- -- -- -- -- -- --
nil¤ª/t|¤·
¤-¤ ·¤¤ª·||(
~-n ~|lª-¤| -- -- -- -- -- -- -- -- -- -- -- --
+| +¤
~-n ~|lª-¤| -- -- -- -- -- -- -- -- -- -- -- --
+i l¤+i
-¤·||ª +i ª: -- -- -- -- -- -- -- -- -- -- -- --
nil¤ª/t|¤·
¤-¤ ·¤¤ª·||(
v<·- ·¤|¤ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 106.73 n|ª¸ -ti 1.99 n|ª¸ -ti 0.04 n|ª¸ -ti 107.60 n|ª¸ -ti
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (193.10) (n|ª¸ -ti) (0.45) (n|ª¸ -ti ) (0.02) (n|ª¸ -ti) (193.10) (n|ª¸ -ti)
v|-- ·¤|¤ n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 1670.13 n|ª¸ -ti -- -- -- -- 1670.13 n|ª¸ -ti
n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti (523.02) (n|ª¸ -ti) -- -- -- -- (523.02) (n|ª¸ -ti)
=¤|( v|-- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- n|ª¸ -ti -- -- -- -- -- n|ª¸ -ti
+·-|
=¤|( v<|- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti -- -- -- -- -- -- -- --
+·-| (0.46) (n|ª¸ -ti) -- -- -- -- (0.46) (n|ª¸ -ti)
v¤ ·|- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 25.00 n|ª¸ -ti -- -- -- -- 25.00 n|ª¸ -ti
=l¤<|( (25.00) (n|ª¸ -ti) -- -- -- -- (25.00) (n|ª¸ -ti)
v|-- n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti n|ª¸ -ti 715.67 n|ª¸ -ti -- -- -- -- 715.67 n|ª¸ -ti
n|·||z| (313.34) n|ª¸ -ti -- -- -- -- (313.34) n|ª¸ -ti
* v¤-·|- ,|·| - ¤|· -·|| vn|lº|-
:+|·a+| n l<( ª( ~|+÷ l¤¤n ¤·| + t|
** ~-·|lª¤| ~| · +¤ =t¤|ªi =ª·||~| + =|·| t( n-<- +| v+ºi+·º| nº|| n|-+ ¡º ''=-¤l-·|- ¤|ºi v+ºi+·º|'' + ¤ ·| º + nª-¤· -ti l+¤| ª¤| t ¤| ·|-¤ ,|·| l-¤l·|- -¤n|
+| --+i (=i ~-¤ =-¤l-·|- ¤|lº¤| = n-<- n = l+=i = =-¤l-·|- =¸--| <- = ¤¸º <-| t ¤| ·|-¤ ,|·| l-¤l·|- t|
196
Transactions with Related Parties*
Items/ Parent** Subsidiaries** Associates/ Key Management Relatives of Key Total
Related (as per ownership Jt ventures Personnel Management
Party or control) Personnel
2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum 2011-12 Maximum
amount amount amount amount amount amount
outstanding outstanding outstanding outstanding outstanding outstanding
Remuneration N.A N.A N.A N.A -- -- 58.03 NA NA NA 58.03 58.03
N.A N.A N.A N.A -- -- (59.42) NA NA NA (59.42) (59.42)
Borrowings N.A N.A N.A N.A -- -- - - - -
Deposits N.A N.A N.A N.A 2364.72 10461.30 59.37 67.45 0.54 5.52 2424.63 10534.27
(6.11) (7639.98) (19.12) (36.93) (0.41) (0.75) (25.64) (7677.66)
Placement of N.A N.A N.A N.A 4298.21 4298.21 4298.21 4298.21
Deposits (00.00) (2428.94) (00.00) (2428.94)
Advances N.A N.A N.A N.A 36917.21 37815.72 0.00 0.00 0.00 0.00 36917.21 37815.72
N.A N.A N.A N.A (12770.62) (13752.76) (0.00) (0.46) (0.00) (0.00) (12770.62) (13753.22)
Investments in N.A N.A N.A N.A 9407.00 N.A 5.33 N.A -- -- 9412.33 N.A
share capital N.A N.A N.A N.A (7907.00) (N.A) -- -- -- -- (7907.00) (N.A)
Investments in N.A N.A N.A N.A -- -- -- -- -- -- -- --
debentures N.A N.A N.A N.A (0.00) (0.00) -- -- -- -- -- --
Non funded N.A N.A N.A N.A (0.00) (0.00) -- -- -- -- -- --
Commitments
Leasing/HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
availed
Leasing/HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
provided
Purchase of -- -- -- -- -- -- -- -- -- -- -- --
fixed assets
Sale of -- -- -- -- -- -- -- -- -- -- -- --
Fixed Assets
Leasing/HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
availed
Interest paid N.A N.A N.A N.A 106.73 N.A 1.99 NA 0.04 NA 107.60 N.A
N.A N.A N.A N.A (193.10) (N.A) (0.45) (NA) (0.02) (NA) (193.10) (N.A)
Interest received N.A N.A N.A N.A 1670.13 N.A -- -- -- -- 1670.13 N.A
N.A N.A N.A N.A (523.02) (NA) -- -- -- -- (523.02) (NA)
Receiving of N.A N.A N.A N.A -- NA -- -- -- -- -- NA
Services
Rendering of N.A N.A N.A N.A -- -- -- -- -- -- -- --
Services (0.46) (NA) -- -- -- -- (0.46) (NA)
Management N.A N.A N.A N.A 25.00 N.A -- -- -- -- 25.00 N.A
contracts (25.00) (NA) -- -- -- -- (25.00) (NA)
Dividend N.A N.A N.A N.A 715.67 N.A -- -- -- -- 715.67 N.A
received (313.34) N.A -- -- -- -- (313.34) N.A
*As compiled and certified by the management.
(Figures in brackets relate to previous year)
**The transactions with the subsidiaries and certain associates have not been disclosed in view of para-9 of AS-18 'Related Party Disclosure', which exempts state controlled enterprises from making
any disclosures pertaining to their transactions with other related parties, which are also state controlled.
197
+.s ¤º¸ºr ¤ f¬q ¬=rr¤ª - ¬=rr nrª¤ +v
f¤-at¤ ¤º¸º .
+| l¤·-i¤ ¤º¸º ¤· ni ª: ~|lª-¤| +| v|·l-·|+
n¸-¤ ~|· ~-¤ ~-n ~|lª-¤|
:¤·-i-· ¤ l¤·+=-· =lt-| · ` :¡.·· n|º|
:= ¤· ª¡.ºª..º¡. -+ v|¤·||-
+i ª: n¸-¤r|= +i ·|lz| · ` ªº..º n|º|
ª¡.ºª..º¡. +| ~¤lnlº|- n¸-¤ · ` ..ª n|º|
º|| (+ ¤·| = ~-l·|+ n -¤¸--n =<¤ ¤º¸º| ·|ª-|- ·
-¤¸--n ¤º¸º| ·|ª-|- · ` ..ª n|º|
-¤¸--n ¤º¸º| ·|ª-|- +| ¤-n|- n¸-¤ · ` ¡.¡ n|º|
-¤¸--n ¤º¸º| ·|ª-|- n =l-nln- ·¤|¤ · ` ¡..º n|º|
ª| (+ ¤·| = ~l·|+ l+-- · ¤·| = ~-l·|+ n <¤ -¤¸--n ¤º¸º|
·|ª-|- ·
-¤¸--n ¤º¸º| ·|ª-|- · ` º.ºº n|º|
-¤¸--n ¤º¸º| ·|ª-|- +| ¤-n|- n¸-¤ · ` º.ºº n|º|
-¤¸--n ¤º¸º| ·|ª-|- n =l-nln- ·¤|¤ · ` º.ºº n|º|
·|| · ¤·| + ¤|< <¤ -¤¸--n ¤º¸º| ·|ª-|- · z|¸-¤
÷| ¤l·-|n- ¤º¸º ¤· =¸--| +| l-·||·º| -ti t~| t
+.v ¬=rr nrª¤ zo . ¤fa rr¤t =¬ª
:`|
f¤¤t¢r 31.03.2012 31.03.2011
¤r ¤r
vl- z|¤· ~¤ -
n¸ n 148.71 145.08
--|- * 148.71 145.08
+· + ¤z-|-¸ ~z| :-¤¸n·º·| + ª¤ n
-¤¤|ª +i ª: ·|lz| (` +·|÷ n) 5025.46 4574.73
z|¤·| +| ~l+- n¸-¤ 10/- vl- z|¤· 10/- vl- z|¤·
t· :l÷-|ln-º·| + ª¤ n -¤¤|ª l+( ª(
:l+¤ºi z|¤·| +i ·||l·- ~| =- =º¤| 33,91,78,683 31,53,19,044
* +|: --|- =·||·¤ z|¤· -ti t
+.+o ¬=rr nrª¤ - zz . =r¤ ¤t ¤tr ¤ =¤ªr n ¬=rr¤ª
~|ª·|lª- +· ~|lª-¤| -·|| <¤-|~| + vnº| ·|º+ l---lnlº|- t ·
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
¤t ftºrfa ¤t ftºrfa
=rtºrfna ¤t =rfta¤r
~z||·¤ (¤ =l<··| +º|| + ln( v|¤·||- 10.52 9.39
¤º¸ºi -+<i+·º| + ln( v|¤·||- 445.34 400.91
¤z|- ¤ -¤<|- + ln( v|¤·||- 0.10 0.00
·||·| :ª ¤i + ~--ª - =|l¤l·|+ <¤-| 1.82 1.41
~-¤ 3.52 3.27
¤|÷ 461.30 414.98
=rtºrfna ¤t ª¤arq
~-n ~|lª-¤| ¤· n¸-¤r|= 28.48 28.83
·||·| :ª ¤i + ~--ª - =|l¤l·|+ <¤-|( 0.00 0.00
~-¤ 0.00 0.00
¤|÷ 28.48 28.83
=rtºrfna ¤t =rfta¤r.(ª¤ar¸ - rrq 432.82 386.15
4.8. Accounting for Leases - AS 19
Financial Leases:
a. Original value of assets acquired on financial
lease and included in other fixed assets
(including furniture and fixture): ` 41.65 lakhs.
The amount of depreciation provided
upto 31.03.2012thereon: ` 39.28 lakhs.
The written down value as on 31.03.2012:
` 2.37 lakhs
b. Minimum Lease Payment due not later than one year:
Min. Lease Payment ` 2.37 lakhs
Present value of Min. Lease Payment ` 1.17 lakhs
Intt. Included in Min. Lease payment ` 1.20 lakhs
c. Minimum Lease Payment due later than one year but
not later than five years:
Min. Lease Payment ` 0.00 lakhs
Present value of Min. Lease Payment ` 0.00 lakhs
Interest included in Min. Lease payment ` 0.00 lakhs
d. Minimum Lease Payment due later than five years: NIL
e. Information on operating lease is not ascertained
4.9 AS 20 - Earnings Per Share
(`)
Particulars As on As on
31.03.2012 31.03.2011
Earning per Share
Basic 148.71 145.08
Diluted * 148.71 145.08
Amount used as numerator Profit
after tax (` In Crores) 5025.46 4574.73
Nominal value of shares 10/- per share 10/- per share
Weighted average number of equity shares
used as the denominator 33,91,78,683 31,53,19,044
* There are no diluted potential shares.
4.10 AS 22 - Accounting for Taxes on Income
Major components of deferred tax assets and liability are set
out below:
(` in Crore )
Particulars As on As on
31.03.2012 31.03.2011
Deferred Tax Assets
Provision for bad & doubtful debts 10.52 9.39
Provision for leave encashment 445.34 400.91
Provision for Pension & Gratuity 0.10 0.00
Statutory Liabilities u/s 43B 1.82 1.41
Others 3.52 3.27
Total 461.30 414.98
Deferred Tax Liabilities
Depreciation on fixed assets 28.48 28.83
Statutory Liabilities u/s 43B 0.00 0.00
Others 0.00 0.00
Total 28.48 28.83
Deferred Tax Assets/ (Liability) - Net 432.82 386.15
198
¤i(-¤i t|-l=ª ¤·|:-= lnlnº÷ + =-¤-·| n ·||·-i¤ =-<i nº||+|·
=ª·||- +i l¤z|·|a =n|t+|· =lnl- + n- n ¤t ~¤l-|- t l+
+-¤-i ~|¤+· ~l·|l-¤n ¡º·¡ +i ·||·| ª· :¡| :viii| + ~--ª -
=l¤- +i ª¤i l¤z|·| v|·l-|- l-l·| ¤· ~|ª·|lª- +· <¤-| + ln(
v|¤·||- +| =¤- +· -¸l+ ¤t n- ¤|·¤+|·i -ti t -·|| t|-l=ª
l¤·-i¤ +-¤l-¤| + ¤i- n -n ·ti ¤-n|- v·|| + ~-=|· +-¤-i
- (=| v|¤·||- -ti l+¤| t
+.++ ¬=rr nrª¤ zs . =rfta¤r ¤r =ª¬ª (;r¤¤tnº¸
¤+ +i ~|lª-¤| n ¤¤|-- ltª=| l¤·-i¤ ~|lª-¤| +| t l¤-¤· nº||
n|-+ .º ''~||lª-¤| +| ~-¤-'' n|ª¸ -ti t ¤+ +i ·|¤ n :=+i
~|lª-¤| :l¤-¤· n|-+ n|ª¸ t|-| t| +i -+- n|-+ +i z|- +
~·|i- ~¤l-|- ¤t-|- + ln¤ ª¡ n|- .º¡. +| l+=i nt·¤¤¸º|
=in| -+ ~-¤+ -ti t
+.+z ¬=rr nrª¤ zv . ¤r¤ªrrª, =r¤ftn¤ ª¤arq =rt =r¤ftn¤
=rfta¤r .
i. ª¤ar=r ¤ f¬q ¤r¤ªrrªr n rrº-¤z*
:` +·|÷ n|
f¤¤t¢r ¤aª =n=ra ¤t ¤ra¤ta ¤rª¸ªt nrn¬.
¤ =-ana ¤aª ¤¤r¤r =r¤ftn¤arq
¡ ~v n .º¡¡ +| z|·| 0.78 27.83
~¤l·| + <| ·|- v|¤·||- 0.83 5.65
~¤l·| + <| ·|- v¤+- ·|lz|¤| 0.00 0.00
~¤l·| + <| ·|- ¤nºi ª¤i ·|lz| 1.55 4.10
ª¡ n|- .º¡. +| z|·| 0.06 29.38
¤ltª n-/~l-lz---| +| =n¤ ¤|ª-l¤+ ·|ª-|- =n¤| -|
t|- ¤· ~·|¤| ¤l·º|l-
¤· ¤ltªn-
* ~-¤ + ln( v|¤·||- +| ¤|÷+·
ii. ¬r+r ¤ rrfª =rra n ª¤¤ rrtrr ¤ =-ana fª=rrq nq
´´¤r¤ªrrªr ¤ =r¤ftn¤ar=r'' ¤r f¤¤t¢r fªrªf¬f=ra r .
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
¤r =nrta ¤rr ¤r =nrta ¤rr
l-¤z| ¤· n¸-¤r|= + ln( v|¤·||- 235.09 162.72
~-¤ + ~|lª-¤| + ln( v|¤·||- 2478.04 2049.23
~-¤ + ~|lª-¤| + ln( +n|lºª v|¤·||-
:·||·-i¤ l·¤¤ ¤ + + v|¤·||-i+·º|
n|-<º÷| = ~l·|+| 0.00 0.00
n|-+ ~|lª-¤| + ln( v|¤·||- 509.67 262.52
~|¤+· + ln( l+¤| ª¤| v|¤·||-
¤· ¤i ºi -·|| =¤<|+· =lt-| 2196.49 2178.61~-¤ v|¤·||- (¤ ~|+lªn+-|( 429.41 81.58
¬rz 5848.70 4734.66
In respect of PNB Housing Finance Ltd., as per the opinion
of the expert advisory committee of the ICAI, the company
is required to create provision of the deferred tax liability on
special reserve created and maintained under section-36(1)
(viii) of the Income Tax Act 1961. Since the opinion is not
binding and also as per prevalent practice amongst Housing
Finance Companies, the company has not made such
provision.
4.11AS 28 - Impairment of Assets
A substantial portion of the bank's assets comprise of 'financial
assets' to which Accounting Standard 28 'Impairment of Assets'
is not applicable. In the opinion of the bank, there is no
impairment of its assets (to which the standard applies) to
any material extent as at 31st March 2012 requiring
recognition in terms of the said standard.
4.12AS 29 - Provisions, Contingent Liabilities and Contingent
Assets
i. Movement of provisions for liabilities*
(`. in crore)
Particulars Salary arrears Legal cases/
under negotiation contingencies
Balance as at 1st April 2011 0.78 27.83
Provided during the year 0.83 5.65
Amounts used during the year 0.00 0.00
Reversed during the year 1.55 4.10
Balance as at 31st March 2012 0.06 29.38
Timing of outflow/uncertainties On actual Outflow on
payment. settlement or
crystallization.
* Excluding provisions for others
ii Break up of "Provisions and Contingencies" shown
under the head Expenditure in Profit and Loss
Account is as follows:
(` in Crore )
Particulars Year ended Year ended
31.03.2012 31.03.2011
Provisions for depreciation on investment 235.09 162.72
Provision towards NPAs 2478.04 2049.23
Floating provisions for NPAs
(over and above RBI
provisioning norms) 0.00 0.00
Provision towards Standard Assets 509.67 262.52
Provision made towards Income Tax
(including FBT & Wealth Tax) 2196.49 2178.61
Others Provision & Contingencies 429.41 81.58
Total 5848.70 4734.66
199
+.+s ¤¬rfºn ¤r¤ªrrªr ¤r f¤¤t¢r fªrªf¬f=ra r .
:` +·|÷ n|
f¤¤t¢r 31.03.2012 31.03.2011
º¡.º:..º¡¡/º¡.º:..º¡º +| v|·l-·|+ z|·| 1075.36 1075.36
¤·| + <| ·|- l+¤ ª¤ +n|lºª v|¤·||- +i n|·|| NIL NIL
¤·| + <| ·|- ~|tl·- ·|lz| +| -ªz¤ NIL NIL
ª¡.ºª..º¡. / ª¡.ºª..º¡¡ +| ~l--n z|·| 1075.36 1075.36
+.++ =r¤ftn¤ ª¤ar=r ¤t =ª=¸¤t +z ª=r
(=i <¤-|( -¤|¤|n¤/¤-|º/-¤|¤|n¤ = ¤|t· =n¤|-| ~¤in| +
l-¤º|- -·|| n|ªi ª¤i ·|lz| =l¤<|ª- <|l¤·¤| +i z|-| =¤z ¤|lº¤|
,|·| +i ª¤i -·|| -a|¤i ª¤i n|ª| ¤· +nz|· ~|·||l·- t (= n|nn|
n +|: vl-¤¸l- v·¤|lz|- -ti t
:.¡· ¤+ - ~¤-i ~-·|ªi ¤¤|¤ -z|-n ¤+ ::º·-z|-n| ln. ¤¸.+. +
=-¤-·| n ¤¸.+. lª·|- l-¤·|+ ¤·|:-lz|¤n =l¤= ~·||l·ºi
¤·.(=.(.| +| -+|-i ~|z¤|=- ¤·| ¤|·i l+¤| t l+ ¤+ ¤¤|¤ -z|-n ¤+
::º·-z|-n| ln. ¤¸.+. +| l¤·-i¤ =t|¤-| v<|- +·ª| -|l+ ¤l<
-=+i +|: l¤·-i¤ <-<|·i t| -| ¤t -= ¤¸·| +· =+ ¤t·t|n ª¡
n|- .º¡. -+ (=i +|: l¤·-i¤ <-<|·i -ti t: t
s. =-¤ fºt¤f¢r¤r
+. ¤l·=·| n ` ¡º.º· +·|÷ :n¸-¤r|= ·|º|+·| :l¤¤n ¤·| `
¡º.ºº +·|÷| {n|ª- ` ¡·.º¡ +·|÷} :l¤¤n ¤·| ` ¡·.ºº
+·|÷| + ¤l·=· t l¤-+ ª¤|ln·¤ l¤nº|| +| ¤¤i+·º| l+¤|
¤|-| t ¤l·=·| n ` ¡¡ª.· +·|÷ +| ¤¸¤iª- vªl- +|¤
=l-nln- t :l¤¤n ¤·| ` º·.ºº +·|÷|
º|. ¤·| + <|·|- n¸n ¤+ - =n¤=n¤ ¤· =z||l·|- =¤i l¤l-¤n
.ººº + ~·¤|¤ VII :=¤i ~|: =i ÷i ~|· l¤l-¤n| +
~-=|· l-<z|+ nº÷n ,|·| l+¤ ª¤ l-º| ¤| + ~-ª¤ ~l·|n|-¤
~|·||· ¤· ` ¡º/ +| v·¤+ :l+¤ºi z|¤· ` ººª.·º v·¤+
z|¤· + viln¤n ¤· ·||·- =·+|· +| ··.·º¡º z|¤· -·||
·||·-i¤ ¤i¤- ¤in| l-ªn +| ¡·º:º·º z|¤· ~|¤lº- l+(
(=| l+¤ ¤|- = ¤+ +| +n ¤¸¤i ·|lz| ` ..::.º¡ +·|÷
v|-- t: ~|· ¤l·º||nª¤ª¤ =·+|· +i z|¤··||l·-| ~l·|n|-¤-|
~|¤º- ¤¸¤ ·º.ºº% = ·|º+· ~¤ ··.¡º% t| ª¤i
ª. l-<z|+ n÷n - ` ¡º/ + v·¤+ :l+¤ºi z|¤· ¤· ª¤¤ ../
+| n|·||z| :¤+ +i -+-| ¤¸¤i +| ..º%| =ª-- l+¤| t
¤z|- l+ =<ª¤| ,|·| -=+| ~-n|<- +· l<¤| ¤|¤
·. ¤t| +ti ~|¤z¤+ =n¤| ª¤| t ª- ¤·| :=i ~¤l·| + ~- ª¤
~| +÷ | +| ¤ -· =n¸ t-/¤ -· ·¤¤ª·||/¤ -· ¤ªi +·º| +· ln¤|
ª¤| t
4.13Break-up of Floating Provisions is as follows:
(` in Crore )
Particulars 31.03.2012 31.03.2011
Opening balance as on 01.04.2011/01.04.2010 1075.36 1075.36
Quantum of floating provisions made during the year NIL NIL
Purpose and amount of draw down made during
the year NIL NIL
Closing balance as on 31.03.2012/31.03.2011 1075.36 1075.36
4.14 Refer Schedule-12 on Contingent Liabilities
Such liabilities are dependent upon, the outcome of Court/
arbitration/out of court settlement, disposal of appeals, and
the amount being called up, terms of contractual obligations,
devolvement and raising of demand by concerned parties,
respectively. No reimbursement is expected in such cases.
4.15 The Bank has issued a Letter of Comfort in respect of its
subsidiary Punjab National Bank (International) Ltd. in UK, to
Financial Services Authority (FSA), the regulator in United
Kingdom, committing that the bank shall provide financial
support to Punjab National Bank (International) Ltd., UK so
that it meets its financial commitments if they fall due. However,
no financial obligation has arisen as on 31st March 2012.
5. Other Notes
a. Premises include properties amounting to ` 10.86 crores
(Net of Depreciation) (previous year `10.98 crores) {Cost
` 16.01 crores} (previous year ` 15.89 crores) awaiting
registration of title deeds. Premises include capital work in
progress of ` 113.76 crores (previous year ` 86.09 crores).
b During the year the parent bank has allotted 1,58,40,607
equity shares of ` 10/- each to LIC of India and 65,25,919
to Govt of India at a premium of ` 993.69 per share as
determined by the Board in terms of the Chapter VII of
the SEBI Regulations, 2009, as amended from time to
time (the "SEBI ICDR Regulations") on preferential basis.
The total amount of capital received by the bank on this
account is ` 2244.91crores and consequently the
Government holding is now 56.10% as compared to
58% before preferential allotment
c. The Board of Directors has recommended a dividend of
` 22 per equity share of ` 10 each (220% of the paid
up capital of the bank), subject to approval by members.
6. Figures of the corresponding previous year have been
regrouped/ rearranged/reclassified wherever considered
necessary.
200
s+ nr¤, zo+z ¤r =nrta ¤rr ¤ a¬ª-¤·r ¤ =rºr =¬ªª =nf¤a ª¤ªt ¤¤rr f¤¤t¢r-¤·r
Consolidated Cash Flow Statement Annexed to the Balance Sheet for the year ended 31st March, 2012
(ª¤¤ +·|÷ n) (` in crore)
2011-12 2010-11
+ =¤¬ zo++ = s+ nr¤ zo+z a¤ ¤t =¤f¤ ¤ f¬q
For the period from 1st April 2011 to 31st March 2012
= ¤ft¤r¬ª ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
A. Cash Flow from Operating Activities
(I) ¤t ¤ ¤r¤ra¸ rrq ¬r+r
Net Profit after Tax 4,974.81 4,515.59
¤|l÷( · =t¤|ªi +¤l-¤| n ~¤ - +| ~z|
Add : Share of earning in Associates 77.68 81.05
~-¤|z| lt- = ¤¸¤ z|z n|·|
Net Profit before Minority Interest 5,052.49 4,596.64
¤|l÷( · +· + ln( ¤ |¤¬|- :~|ª·|lª- +· +| ¤|÷+·|
Add : Provision for Tax (net of deferred tax) 2,196.48 2,178.61
¤tr = ¤¸¤ ¬r+r
Profit before taxes ( i ) 7,248.97 6,775.25
(ii) fªrªf¬f=ra ¤ f¬q =nr¤r¬ª .
Adjustment for :
n¸-¤r|= ¤ ·||· :=+n|
Depreciation Charges (Gross) 323.00 285.82
·|º|( · ¤-n¸-¤|+- ¤|·l-|- l-l¬ = ~|tl·- ·|lz|
Less : Amount drawn from Revaluation Reserve -21.23 -21.23
~-¤+ ~|lª-¤| + ln( ¤|¤¬|- ~-¤+ ~|lª-¤| -·|| ¤º¸º º||- ÷|n ª(
~z||·¤ +º|| + ¤l- +n|lºª ¤|¤¬|-
Provision for NPAs, Floating Provision towards NPAs & Bad Debts Write Off 2,932.51 2,041.81
n|-+ ~|lª-¤| n ¤-·=·l-- ~|lª-¤| + ln( ¤ |¤¬|-
Provision on Standard Assets & Standard Restructured Accounts 848.63 329.71
~-¤ ¤ |¤¬|- :z|z|
Other Provisions (net) 92.35 -10.46
l-¤z|| :z|z| ¤· n¸-¤r|=/:l-n|--| ¤|¤¬|-
Depreciation/ (Release), Write off, Provision on Investments (net) 235.09 187.23
~-·|ªi/~-¤ = n|·||z| :l-¤z| +|¤ +n|¤| :z|z|
Dividend from Subsidiary / Others (Investing Activity) 0.00 0.00
¤|º÷| = ·¤|¤ :l¤-|i¤- +|¤ +n|¤|
Interest on Bonds (Financing Activity) 994.47 987.16
~-n ~|lª-¤| +i l¤+i = n|·|/t|l- :z|z|
Profit / Loss on sale of Fixed Assets (net) -4.35 -2.96
( ii ) 5,400.47 3,797.08
¤ft¤r¬ª =rfta¤r ¤ ª¤ar=r n ¤ft¤aªr = ¤¸¤ ¤ft¤r¬ª ¬r+r
Operating Profit before Changes in Operating Assets and Liabilities ( i+ii) 12,649.44 10,572.33
(iii) ¤ft¤r¬ª =rfta=r ¤ ª¤ar=r n rrq ¤ft¤aª ¤ f¬q =nr¤r¬ª
Adjustment for net change in Operating Assets and Liabilities
l-¤z|| n +ni / :¤lz|
Decrease / (Increase) in Investments -28,632.10 -17,829.37
~lªn| n +ni / :¤lz|
Decrease / (Increase) in Advances -56,844.25 -58,677.55
~-¤ ~|lª-¤| n +ni / :¤lz|
Decrease / (Increase) in Other Assets -1,401.90 -2,615.24
¤n|·|lz|¤| n ¤lz / :+ni|
Increase / (Decrease) in Deposits 68,176.30 64,774.27
-¬|·| n ¤lz / :+ni|
Increase / (Decrease) in Borrowings 7,992.53 11,238.13
201
~-¤ <¤-|~| ¤ ¤|¤¬|-| n ¤lz / :+ni|
Increase / (Decrease) in Other Liabilities & Provisions 516.14 1,414.54
( iii ) -10,193.28 -1,695.22
¤ft¤r¬ªr = s-¤-ª ª¤ªt
Cash generated from Operations ( i+ii+iii) 2,456.16 8,877.11
¤ <-| +· :¤|¤=i +| ¤|÷+·|
Tax Paid (net of refund) -2,481.24 -1,516.45
¤ft¤r¬ª ¤r¤¤¬r¤r = rrq ª¤ªt
Net Cash from Operating Activities (= A ) -25.08 7,360.66
=r. fª¤rr ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
B. Cash Flow from Investing Activities
~-n ~|lª-¤| +i º|·i< :l¤+i +| ¤|÷+·|
Purchase of Fixed Assets (net of Sales) -385.31 -896.79
~-·|lª¤|/=¤+- -¤n|/-|.ª|. ¤+| = ¤|-- n|·||z|
Dividend recd from Subsidiaries / JV / RRBs 0.00 0.00
~-·|lª¤|/=¤+- -¤n|/-|.ª|. ¤+| n l-¤z|
Investment in Subsidaries / JV / RRBs -11.73 -15.26
fª¤rr ¤r¤¤¬r¤r n ¤¤¤a rrq ª¤ªt
Net Cash used in investing Activities (=r B ) -397.04 -912.05
n. f¤-rt¤ª ¤r¤¤¬r¤r = ª¤ªt ¤¤rr
C. Cash Flow from Financing Activities
z|¤· ¤ iln¤n =lt- ¤¸¤i
Capital Incl Share Premium 2,244.94 184.00
¤|·i / ¤·º| ·i< ¤|º÷ :ºi¤· ¤ ºi¤·|
Bonds (Tier I & Tier II) Issued/Redemption 14.39 637.43
¤|º÷| ¤· ¤<-| ·¤|¤
Interest paid on Bonds -994.47 -987.16
n|·||z| +| ·|ª-|- / n|·||z| ¤· l-ªln- +·
Payments of Dividends / Corporate tax on Dividend -814.15 -442.27
~-¤ +º|
Other Loans 0.00 0.00
f¤-rt¤ª ¤r¤¤¬r¤r = rrq ª¤ªt
Net Cash from Financing Activities (n C ) 450.71 -608.00
rr. ª¤ªt aºrr ª¤ªt ar¤r n rrq ¤ft¤aª
D Net Change in Cash and Cash Equivalents ( ¤+=r+n A+B+C ) 28.59 5,840.61
¤rr ¤ =rtr+r n ª¤ªt aºrr ª¤ªt ar¤
Cash and Cash Equivalents at the beginning of the year
-+<i ~| · ·||·-i¤ l·”|¤ ¤ + + ¤|= z|·|
Cash and Balances with Reserve Bank of India 23,791.19 18,334.78
¤+| + ¤|= z|·| ~|· n|ª ¤ ~-¤ =¸--| ¤· ¤|-¤ ¬-
Balances with Banks & Money at Call & Short Notice 6,300.11 30,091.30 5,915.91 24,250.69
¤rr ¤ =a n ª¤ªt aºrr ª¤ªt ar¤
Cash and Cash Equivalents at the end of the year
-+<i ~| · ·||·-i¤ l·”|¤ ¤ + + ¤|= z|·|
Cash and Balances with Reserve Bank of India 18,507.64 23,791.19
¤+| + ¤|= z|·| ~|· n|ª ¤ ~-¤ =¸--| ¤· ¤|-¤ ¬-
Balances with Banks & Money at Call & Short Notice 11,612.25 30,119.89 6,300.11 30,091.30
28.59 5,840.61
fºt¤¢rt.Notes :-
1 ¤ <-| ¤ ·¤-| +·| :¤|¤=i +| ¤|÷+·| +| ¤l·-|n- +|¤ +n|¤| = -<¸·|¸- n|-| ª¤| t -·|| :-t l-¤z| -·|| l¤-|i¤- +|¤ +n|¤| + n·¤ l¤·|+- -ti l+¤| ª¤| t
Direct taxes paid (net of refund) are treated as arising from operating activities and are not bifurcated between investing and financing activities.
2 ·|º| n l<( ª( =·|i ~|+÷ ''-+<i ¤|n'' <z|| - t
All figures in minus represents "Cash Out Flow"
¤¸¤ ¤·a =/From pre page
202
(n --< +n|· ~|· ~|· ¤¸· ¤i + º|--|
nº¤ ¤¤¬+ -¤ nt|¤¤¬+ nt|¤¤¬+
M NANDAKUMAR R R VOORE V K KHANNA
CHIEF MANAGER DY. GENERAL MANAGER GENERAL MANAGER
-·|| ~---=¤nº¤- ·|+z| =ai
+|¤¤|n+ l-<z|+ +|¤¤|n+ l-<z|+
USHA ANANTHASUBRAMANIAN RAKESH SETHI
EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR
+ ~|· +|n-
~·¤-| (¤ ¤¤-¬ l-<z|+
K R KAMATH
CHAIRMAN & MANAGING DIRECTOR
+- ¤i + ¤n| (÷ +-¤-i +- nº|¤i l¤z¤|= (÷ ¤|a+ +- ~ln- ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For V K Verma & CO. For Mookherjee Biswas & Pathak For Amit Ray & Co.
Chartered Accountants Chartered Accountants Chartered Accountants
¤<i¤ ¤n| ( -º¤i=|¤<|· ¤|=¸<¤ ¤-¤i
:=|¤<|·| :=|¤<|·| :=|¤<|·|
=<ª¤ = º¤| 088393, (¤·~|·(- 000386(- =<ª¤ = º¤| 061551, (¤·~|·(- 301138: =<ª¤ = º¤| 070468, (¤·~|·(- 000483=i
(Pradeep Verma) (A Chatterjee) (Basudeb Banerjee)
Partner Partner Partner
M No.088393, FRN 000386N M No. 061551, FRN 301138E M No. 070468, FRN 000483C
+- =|·<| (÷ ¤|·i+ +- ¤|·+|· (÷ n¤¸n<|· +- ¤i (= n|¬¤| ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|· =-<i nº||+|·
For Sarda & Pareek For Borkar & Muzumdar For G S Madhava Rao & Co.
Chartered Accountants Chartered Accountants Chartered Accountants
l-·¤- ¤|z|i ¤i (n ~ª¤|n ¤i n-i+¤| ¤=|<
:=|¤<|·| :=|¤<|·| :=|¤<|·|
=<ª¤ = º¤| 102789, (¤·~|·(- 109262÷·-¤¸ =<ª¤ = º¤| 33254, (¤·~|·(- 101569÷·-¤¸ =<ª¤ = º¤| 020105, (¤·~|·(- 001907(=
(Niranjan Joshi) (B M Agarwal) (G Manikya Prasad)
Partner Partner Partner
M No. 102789, FRN 109262W M No. 33254, FRN 101569W M No. 020105, FRN 001907S
fªªr ¤.Date : 09.05.12
tºrrª.Place: ª; fªr¬t.New Delhi
rnrtt =r¬ ¤t ft¤rº ¤ =ª=rt.As per our Report of even date
203
AUDITORS' REPORT ON
CONSOLIDATED FINANCIAL STATEMENTS
To,
The Board of Directors of Punjab National Bank,
1. We have audited the attached Consolidated Balance Sheet of Punjab
National Bank (PNB Group) as at 31st March, 2012, the Consolidated
Profit and Loss Account and the Consolidated Cash flow for the year
ended on that date annexed thereto. These financial statements are
the responsibility of the management of the PNB Group and have
been prepared by them on the basis of separate financial statements
and other financial information regarding components. Our
responsibility is to express an opinion on these financial statements
based on our audit.
2. We conducted our audit in accordance with the auditing standards
generally accepted in India. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatements. An audit
includes examining on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates
made by the management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
3. We did not audit the financial statements of the subsidiaries viz. (i)
PNB Gilts Limited (ii) PNB Housing Finance Limited (iii) Punjab National
Bank (International) Limited (iv) PNB Investment Services Limited (v)
Druk PNB Bank Ltd. (vi) PNB Principal insurance Broking Pvt. Ltd.
(vii) Principal PNB Life Insurance Company Ltd. (viii) JSC SB PNB
Kazakastan whose financial statement reflect total assets of `14429.01
crores as at 31st March, 2012 and total revenues of ` 1183.13 crores
for the year then ended on 31st March 2012. These financial
statements and other financial information have been audited by their
respective auditors whose reports have been furnished to us and our
opinion is based solely on the reports of the said auditors.
4. Emphasis of Matter:
Without qualifying our opinion, we draw attention to note No. 4.5 in
Schedule 18 to the financial statement, which describes deferment
of pension and gratuity liability of the bank to the extent of ` 1994.19
crores pursuant to the exemption granted by the Reserve Bank of
India to the public sector banks from the application of the provisions
of Account Standard (AS) 15, Employee Benefits vide its circular no.
DBOD. BP.BC/80/21.04.018/2010-11 ON Re-opening of Pension
Option to Employees of Public Sector Banks and Enhancement in
Gratuity Limits –Prudential Regulatory Treatment.
5. a) We did not audit the financial statements of the regional rural
banks, and other associates of the Bank, where the bank’s share
of profits (net) are ` 77.67 crores for the year ended 31st March,
2012.
b) Our opinion is based on the audited financial statements of all
regional rural banks audited by respective auditors as well as
certain un-audited estimated financial data and the un-audited
financial statements of other associates stated in footnote (2.2)
to note No. 2 to Notes on accounts in Schedule 18.
c) in the absence of full information regarding impact of difference
in accounting policies followed by the parent and associates
(including RRBs), no adjustments, wherever required have been
carried out. Regional Rural Banks (Associates) have not followed
Accounting Standard 15 (Revised) for certain employee’s
benefits but have accounted for the same on the adhoc/pay on
you go basis. In like manner, unrealized profits and losses
¬=rr¤tt+r¤r ¤r ¤fa¤ªª
=¤r n
fªªrr¤ nz¬ ¤¬r¤ ªrrª¬ ¤¤
¡. tn- ¤¤|¤ -z|-n ¤+ :¤i(-¤i =n¸t| + ª¡ n|- .º¡. + =n·-
-n-¤·| ~|· -+- l-l·| +| =n|-- ¤·| + =nl+- n|·|t|l- º||- -·||
-+<i v¤|t +i nº||¤·i-|| +i t :- l¤·-i¤ l¤¤·º| ¤·|| +i l¤-n<|·i
¤¤|¤ -z|-n ¤+ =n¸t v¤-·|- +i t -·|| ¤ l¤¤·º| ~¤- ·|º+| + =-¤-·|
n --+ ,|·| ~nª l¤·-i¤ l¤¤·º|| ~|· ~-¤ l¤·-i¤ =¸--| + ~|·||· ¤·
-¤|· l+¤ ª¤ t tn|·i l¤-n<|·i :- l¤¤·º| ¤·|| ¤· tn|· ,|·| +i ª: nº||
¤·i-|| + ~|·||· ¤· n- v+º +·- -+ t
.. tn- ·||·- n =|n|-¤-· ª¤i|- nº||+- n|-+| + ~-=|· nº||¤·i-|| +i t
¤ n|-+ ¤t ~¤-|| +·- t l+ tn nº||¤·i-|| +i ~|¤|¤-| -·|| -=+|
l-·¤|<- := v+|· +· l+ tn l¤·-i¤ l¤¤·º|¤·|| + =-¤-·| n (=|
=nl-- ~|z¤|=- lnn ¤|( l+ --n +|: ¤÷i ªn- =¸--| -ti <i ª¤i t
nº|| ¤·i-|| n (= =|-¤| +i ¤·i-|º| + -|· ¤· ¤|- +i ¤|-i t ¤| l¤·-i¤
l¤¤·º|¤·|| n -l-nlº|- ·|lz|¤| -·|| v+ºi+·º| + =n·|- n l<( ¤|- t
nº||¤·i-|| n v¤·|- ,|·| -¤¤|ª n n|( ª( nº||+- l=z|- -·|| -=+ ,|·|
nª|( ª( =|·|+ ~-n|-| +| l-·||·º| -·|| =nª- l¤·-i¤ l¤¤·º|¤·| +i
vª-l- +| n¸-¤|+- +·-| ·|i z||lnn t tn l¤z¤|= t l+ tn|· ,|·| +i
ª: nº||¤·i-|| - tn|· ~l·|n- +| =nl-- ~|·||· v<|- l+¤| t
ª. tn- :- ~- ·| lª¤| -|n-· i| ¤i(-¤i lª-º= lnlnº ÷ ii| ¤i(-¤i t|-l= ª
¤· |:- = ln. iii| ¤ ¤|¤ - z|-n ¤ + :: º·- z|-n| lnlnº ÷ vi| ¤i(-¤i
:-¤ ªºn º =l¤ = ¤ ln. v| ÷ + ¤i(-¤i ¤ + lnlnº ÷ vi| ¤i(-¤i lv l=¤n
: z¤| · = ¤ | l+ ª v|. ln. vii| lv l=¤n ¤i(-¤i n|: ¤· : z¤| · = +-¤-i ln. -·||
viii| ¤ (==i (=¤i ¤i(-¤i +¤ |lº|ª-|- + l¤·-i¤ l¤¤·º|| +i n º|| ¤·i-||
-ti +i l¤-+ l¤·-i¤ l¤¤·º|| n ª¡ n|- .º¡. +| =n|-- ¤·| + ln( ª¤¤
¡::.º.º¡ +·| ÷ +i + n ~|lª-¤| -·|| ª¤¤ ¡¡ºª.¡ª +·| ÷ +| + n ·|¤ª¤
<z|| ¤| ª¤| t :- l¤·-i¤ l¤¤·º|| -·|| ~-¤ =¸ --|~| +i --+ =-¤l-·|- n º||
¤·i-|+| ,|·| n º|| ¤·i-|| +i ª¤i ~| · -·= ¤ ·|i l·¤| º| n vª- - +i ª¤i ~| ·
tn|·| n- -- n º|| ¤·i-|+| +i l·¤| º| ¤· ti ~|·||l·- t
:. nt·¤¤¸º| n|nn| ·
~¤- n- + =|·| +|: z|- nª|( l¤-| tn l¤·-i¤ l¤¤·º| +i ~-=¸-i =º¤|
¡º +i lº-¤º|i =º¤| :.· +i ~|· ·¤|- ~|+l·|- +·- t l¤=n ¤t +t|
ª¤| t l+ ·||·-i¤ l·¤¤ ¤+ ,|·| =|¤¤l-+ -|·| + ¤+| + +n-|l·¤| +
ln( ¤z|- l¤+-¤ ¤-· º||n- -·|| -¤<|- =in|~| n ¤lz l¤¤+¤¸º|
l¤l-¤|n+ ·¤¤t|· + =-¤-·| n -=+ ¤l·¤·| =º¤| ÷i¤i~|÷i. ¤i¤i.
¤i=i/ºº/.¡.º:.º¡º/.º¡º¡¡ + ~-=|· nº|| n|-+ ¡· +n -|·i n|·| +
v|¤·||-| +| =|¤¤l-+ -|·| + ¤+| ¤· n|ª¸ l+( ¤|- = ¤¸º + ¤·nª¤ª¤
¤+ +i ¤z|- -·|| -¤<|- <¤-| + ¤|< ª¤¤ ¡ºº:.¡º +·|÷ -+ +
~|ª·|ª- +| --nº| t
·. +. tn- ª¡ n|- .º¡. +| =n|-- ¤·| + ln( -| ·|i¤ ª |niº| ¤ +|
-·|| ¤ + +i ~-¤ =t¤| ªi = ª·||~| + l¤·-i¤ l¤¤·º|| +i n º||
¤·i-|| -ti +i t l¤-n ¤ + + n|·| +| ltª=| :z| z| ª¤¤
.· +·| ÷ t
º|. tn|·| n- ~-¤ nº|| ¤·i-|+| ,|·| nº|| ¤·il-|- -|·|i¤ ª|niº| ¤+| +
nº|| ¤·il-|- l¤·-i¤ l¤¤·º|| -·|| +¤ ·|· nº|| ¤·il-|- ~-n|-| -·||
~-=¸-i ¡º n nº|| ¤· lº-¤lº|¤| ¤· lº-¤º|i =º¤| . +i ¤|< lº-¤º|i
:...| n -l-nlº|- ~-¤ =t¤|ªi =ª·||~| + ª· nº|| ¤·il-|-
l¤·-i¤ l¤¤·º|| ¤· ~|·||l·- t
ª. vn º| ¤ + ~| · =t¤| ªi = ª·||~| :-| ·|i¤ ª |niº| ¤ +| =lt-| ,|·|
~¤-|: ª: n º|| +- -il-¤| n l·|---| + v·||¤ = =-¤l-·|- ¤¸ º|
¤|-+|·i + ~·||¤ n ¤t| ~¤ l-|- t +| : =n|·||- -ti l+¤| ª¤|
t -| ·|i¤ ª |niº| ¤ +| :=t¤| ªi = ª·||~| | - + ¤ +n -|·i n|·|| +
ln( n º||n|-+ ¡· := z|| l·|-| -ti ~¤-|¤| t l+ - --t
-<·| /¤ ~| -¤¸ ª| ~|·||· ¤· lt=|¤ n ln¤| t :=i v+|· n¸ n
¤ + -·|| -=+i =n l+- ~- ·| lª¤| ~| · =t¤| lª¤| + ¤i- - ¤=¸ n
204
resulting from transactions between the parent/ its consolidated
subsidiaries and the associates, if any, to the extent of the
parent’s interest in the associates have not been eliminated.
Thereby effect on profit for the year and other consequential
effects could not be ascertained.
d) In respect of PNB Housing Finance Limited, no provision has
been made for deferred tax liability on special reserve of ` 116.01
crore, created and maintained u/s 36(1) (viii) of the Income
Tax Act, 1961 as required by accounting Standard – 22, which
has resulted in understatement of Provision for Deferred Tax
Liability by ` 37.74 crores and overstatement of profits after
tax in the Subsidiary books by ` 4.56 crores (out of which
Group’s share is ` 3.37 crores).
6. Subject to our observations in paragraph 5 above, we report that the
Consolidated Financial Statement have been prepared by the
management of PNB Group in accordance with the requirements of
Accounting Standard-21 (Consolidated Financial Statements) and
Accounting Standard-23, Accounting for Investment in Associates in
Consolidated Financial Statement’ issued by the institute of Chartered
Accounts of India.
7. The Consolidated Balance Sheet and Profit and Loss Account have
been drawn up as per the forms prescribed by Reserve Bank of India
for banks.
8. Subject to our observations in paragraph 5 above and based on our
audit of the bank, consideration of reports of the respective auditors
on separate financial statement of 8 subsidiaries, 6 regional rural banks
and 1 associate and consideration of un-audited financial statements
of 4 associates and of other financial information of subsidiaries and
certain associates and to the best of our information and according
to the explanations given to us, we are of the opinion that the attached
consolidated financial statement give a true and fair view in conformity
with the accounting principles generally accepted in India :
a) In the case of the consolidated balance sheet, of the state of
affairs of the PNB Group as at 31st March, 2012.
b) In the case of the consolidated profit and loss account, of the
profit of the PNB Group for the year ended on that date, and.
c) In the case of the consolidated cash flow statement, of the
cash flow of the PNB group for the year ended on that date.
M/s V. K. Verma & Co. M/s Mookherjee Biswas & Pathak
Chartered Accountants Chartered Accountants
FRN 000386N FRN 301138E
(Pradeep Verma) (A. Chatterjee)
Partner Partner
Membership No.088393 Membership No.061551
M/s Amit Ray & Co. M/s Sarda & Pareek
Chartered Accountants Chartered Accountants
FRN 000483C FRN 109262W
(Basudeb Banerjee) (Niranjan Joshi)
Partner Partner
Membership No. 070468 Membership No.102789
M/s Borkar & Muzumdar M/s G. S. Madhava Rao & Co.
Chartered Accountants Chartered Accountants
FRN 101569W FRN 001907S
(B M Agarwal) (G. Manikya Prasad)
Partner Partner
Membership No.033254 Membership No.020105
Date: 09/05/2012
Place: New Delhi
t ( n|·| ~| · t|l-¤| + ¤l·º||nª¤ª¤ ¤l< n¸ n ¤ + +| +| : v·||¤
¤÷ -| t| -| -= =n|-- -ti l+¤| ª¤| t :=+| n|·| -·|| ·|¤ª¤
¤· v·||¤ a|- -ti t| ¤|¤| t
·|. ¤i(-¤i t|-l=ª ¤·|:-= lnlnº÷ + =-¤-·| n ª¤¤ ¡¡·.º¡ +·|÷
+i l¤z|·| v|·l-|- l-l·|¤| ¤· ~|ª·|lª- +· <¤-| + ln( ~|¤+·
~l·|l-¤n ¡º·¡ +i ·||·| ª· :¡| :viii| + ~·|i- +|: v|¤·||-
=l¤- -ti l+¤| ª¤|/·º|| ª¤| ¤|l+ nº|| n|-+.. + ~-=|·
~¤l-|- ·|| l¤=+ ¤·nª¤ª¤ ª¤¤ ª.: +·|÷ +i ~|ª·|lª- +·
<¤-| t- ª¤¤ :.·· +·|÷ +| n|·| + ¤z-|-¸ v|¤·||- +n ¤-|¤|
ª¤| t :l¤=n = =n¸t +| ltª=| ª¤¤ ª.ª +·|÷ t|
·. -¤¤ +- ¤ ·| · n l<( ª( tn|· n- + ~·|i- tn =¸ l-- +·- t l+
¤i(-¤i =n¸ t v¤-·|- ,|·| =n l+- l¤·-i¤ l¤¤·º| ¤·| ·||·-i¤ =-<i
n º||+|· = ª·||- ,|·| ¤|·i =n l+- l¤¤·º| ¤·|| =-¤-·|i n º|| +- n|-+.¡
n ~¤ -||~| + ~- ª¤ -·|| =n l+- l¤·-i¤ l¤¤·º| ¤·|| n º|| n|-+.ª
=n l+- l¤¤¤·º| ¤·|| n =t¤| ªi +-¤l-¤| n l-¤ z| + n º|| +- +
~- =|· - ¤|· l+( ª( t
. =nl+- -n-¤·| ¤ n|·| -·|| t|l- º||-| ·||·-i¤ l·¤¤ ¤+ ,|·| ¤+| + ln(
l-·||l·- ¤·|n| n -¤|· l+( ª( t
º. -¤¤+- ¤·| · n l<( ª( tn|· n- + ~·|i- -·|| ¤+ +i tn|·i nº|| ¤·i-||
+ ~|·||· ¤· ~|· ~nª l¤·-i¤ l¤¤·º| ¤·|| ¤· =-¤z nº|| ¤·i-|+| +i
l·¤|º| ¤· l¤-|· +·- ¤· -·|| º ~-·|lª¤| ~|· · -|·|i¤ ª|niº| ¤+| ~|·
¡ =t¤|ªi + l¤·-i¤ l¤¤·º| ¤·|| ¤· ~|· : =t¤|lª¤| + ª· nº|| ¤·il-|-
l¤¤·º| ¤·|| ~|· ~-¤ l¤·-i¤ =¸--| ¤· l¤-|· +·- + ¤|< tn|·i =¤|-n
=¸--| ¤ tn l<( ª( ª¤·ºi+·º|| + ~|·||· ¤· tn|·i ·|¤ t l+ =n·-
=nl+- l¤·-i¤ l¤¤·º|¤·| ·||·- n =|n|-¤-· ª¤i|- nº||+- l=z|-| +
~-ª¤ =ti ~|· ª¤·º lª·|l- <z||- t ·
+. =nl+- -n- ¤·| + n|nn n ª¡ n|- .º¡. +i lª·|l- <z||- t(
¤i(-¤i =n¸t +i lª·|l-
º|. =nl+- n|·| ¤ t|l- nº| + n|nn n -+- l-l·| +| ¤i(-¤i =n¸t
+ n|·| +| <z||-| t
ª =nl+- -+<i v¤|t l¤¤·º| ¤·| + n|nn n -+- l-l·| +| ¤i(-¤i
=n¸t +| -+<i v¤|t
n== ¤i + ¤n| (÷ +-¤-i n== nº|¤i l¤ª¤|= (÷ ¤|a+
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ºººªº· (- (¤· ~|· (- ªº¡¡ªº:
:¤<i¤ ¤n||
.-º¤i|=|¤<|· =|¤<|·
=<ª¤-| =. ºººªºª =<ª¤-| =. º·¡··¡
n== ~ln- · (÷ +-¤-i n== =|·<| (÷ ¤|·i+
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ººº:ºª =i (¤· ~|· (- ¡ºº.·.÷·-¤¸
:¤|=<¤ ¤-¤i| :l-·¤- ¤|z|i|
=|¤<|· =|¤<|·
=<ª¤-| =. º:·º =<ª¤-| =. ¡º.ºº
n== ¤|·+· (÷ n¤¸n<|· n== ¤i.(=. n|·|¤ ·|¤ (÷ +-¤-i
=-<i nº||+|· =-<i nº||+|·
(¤· ~|· (- ¡º¡··º÷·-¤¸ (¤· ~|· (- ºº¡ºº(=
:¤¤n|t- ~ª¤|n| :¤i. n|lº|+¤ v=|<|
=|¤<|· =|¤<|·
=<ª¤-| =. ºªª.·: =<ª¤-| =. º.º¡º·
l<-|+ · ºº.º·..º¡.
ª·||- · -: l<-ni
205
¤·rn- ''¤t''
¤r¤=t ¤·rn
(q¤¬.¤ºrn rr¤t¤rt¤ çrtr +rtr =rt rtar+rt f¤¤r ¬rq¸
n/tn ____________________________________________ ·|-¤ _____________________________________ + l¤n|
______________________+|/+i/+ l-¤|=i _______________________ ¤¤|¤ -z|-n ¤+ + z|¤·¬|·+ t|- + -|- (-<¸,|·|
______________________·|-¤ __________________ l¤n| __________________________________ + l-¤|=i
>i/=>i__________________________ +| ~·|¤| --+ -¤lª·|- - t| =+- ¤· _____________________________________
·|-¤ + l¤n| _______________________________________ + l-¤|=i >i/>in-i _____________________________ +|
nªn¤|· fªªr¤ ze ¬¸ª, zo+z ¤r ¤ra. +o.oo ¤¬ ¤¤ ¤ rr¤t¤rt¤r ¤t ++¤t ¤rfrr¤ =rn ¤a¤ n ¬r ¤¬r¤ ªrrª¬ ¤¤ =rfzºrft¤n, ¤-)t¤
tºr¤· ¤r¬¬, s =ztfr¬ trz, f=f¤¬ ¬r;-= fªr¬t - ++oos+ n ~|¤|l¤- t|ªi -·|| -=+ ~l¬ª·|lª- t|- ¤· n·i/tn|·i ~|· = n·/tn|· ln( n-
<- + ln( v|+=i l-¤+- +·-| t¸/+·- t
¤·| .º¡. + _____________ n|= +i _____________ -|·iº| +| tª-|-|l·-
v|+=i + tª-|-|· v·|n ¬||·+ /(+n z|¤·¬||·+ + tª-|-|·
¤r¤=t ¤·rn ¤t rtar+rt ¤tª q¤ ¤taa ¤tª ra =ªªrr
¡. v|+=i <ª-|¤¤ + ¤¬ t|- + ln(
+. ·¤l+-ª- z|¤·¬|·+ + n|nn n -=+ ,|·| tª-|-|· l+( ¤|(ª ¤| l¤l¬¤-¸ lnlº|- ª¤ n ~l¬+- ~º|-i tª-|-|· +·ª|
º|. =¤+- ¬|·+| + n|nn n =<ª¤| + ·l¤ªº· n v·|n -|n + z|¤·¬|·+ ,|·| ¤| -=+ ,|·| lnlº|- ª¤ = ~l¬+- ~º|-i ,|·| tª-|-|· l+¤
¤|(ª
ª. l-ªln- l-+|¤ + n|nn n -=+ ~l¬+|·i ,|·| =|n|-¤ n|t· ¤l< t| -| nª|+· :-t tª-|-|l·- (¤ l-·¤|l<- l+¤| ¤|(ª| ¤| ~-¤·|| lnlº|-
ª¤ = l¤l¬¤-¸ ~l¬+- ~º|-i ,|·| tª-|-|· l+¤ ¤|¤ª
.. v|+=i <ª-|¤¤ l¤= ¤· z|¤·¬|·+ ,|·| ~ª¸a +| l-z||- nª|¤| ª¤| t -·|i ¤¬ n|-| ¤|(ª| ¤¤ -= l+=i ¤¤ nl¤ªºº ·l¤ªº|· ¤| -¤ ·l¤ªº|·
(z¤|·= ,|·| ¤| l+=i ~-¤ =·+|·i ·|¤¤l·|- ~l¬+|·i ,|·| ¤| ¤¤|¤ -z|-n ¤+ + l+=i ~l¬+|·i ,|·| ~l¬vn|lº|- l+¤| ª¤| t|
ª. v|+=i l¤=+ =|·| n
+. nº-|·-|n| ¤| v|l¬+|· ¤·| :¤l< t| -|| l¤=+ ~--ª- := ¤· tª-|-|· l+( ª( t ¤|
º|. -+- nº-|·-|n ¤| v|l¬+|· ¤·| +i vl- l¤= -|º·i ¤| nl¤ªºº ,|·| ~l·|vn|lº|- l+¤| ª¤| t| ¤¤|¤ -z|-n ¤+ z|¤· l¤·||ª l¤-| v·||ª
v¬|- +|¤|n¤ · ==< n|ª -: l<-ni ¡¡ººº¡ + ¤|= ~l¬+-n ¤¬¤|· .º ¤¸- .º¡. :=|¤ ·.ºº ¤¤| -+ ¤n| +·¤| l<¤| ¤|(
:. l¤l¬¤-¸ lº+º nªi v|+=i ti ¤¬ n|-i ¤|¤ªi
·. ¤+ + ¤|= ¤n| v|+=i <ª-|¤¤ ~l-n ¤ ~¤l·¤--i¤ t|ª|
·. ¤l< v|+=i <ª-|¤¤ l¤+-¤ + -|· ¤· <| ·¤l+-¤| +| l<( ª¤ t| -| +¤n (+ ¤·|n +| l-·¤|<- l+¤| ¤|¤ª|
. l¤= z|¤·¬|·+ - v|+=i +| <ª-|¤¤ l-·¤|l<- l+¤| t| ¤t ¤a+ n -= <ª-|¤¤ = =-¤z ¤|º <- +| ¤|·| -ti t|ª|
º. := v+|· l-¤+- v|+=i +| ¤a+ n ¤|n- +| ~l¬+|· -ti t|ª| (= n v|+=i v<|-| +i ~|· = -¤lª·|- t| =+ª| ~|· ¤|º < =+ª|
º. ¤¤|¤ -z|-n ¤+ + l+=i ·|i ~l¬+|·i ¤| +n-|·i +| ¤¬|l-+ ª¤ = v|l¬+- ¤| v|+=i¬|·+ l-¤+- -ti l+¤| ¤| =+-|
=¤| n
+-¤-i =l-¤
¤¤|¤ -z|-n ¤+ v¬|- +|¤|n¤
z|¤· l¤·||ª l¤-| v·||ª
v.+|. · ==< n|ª
-: l<-ni¡¡ººº¡
÷i¤i~|: ÷i =.
ª|t+ ~|:÷i=
:~n¸- z|¤·| + ln(|
·l¤. ¤·|ln¤| -.
:n¸- z|¤·| + ln(|
+ ¤¤|
·=i<i
lº+º
l-¤+|(
206
Form "B"
PROXY FORM
(To be filled in and signed by the Sole/First Shareholder)
I/We ___________________________________________________resident/s of _________________________________ in the District of
_________________________ in the State of _________________________ being a shareholder/s of Punjab National Bank hereby appoint
Sh./Smt. ____________________________ resident of _______________________ or failing him/her, Sh./Smt. _________________________
__________________________ resident of _____________________________________ in the district of ____________________________
in the State of ____________________ as my/our proxy to vote for me/us on my/our behalf at the 11TH ANNUAL GENERAL MEETING
of the shareholders of the Bank to be held on Tuesday, the 26th June, 2012 at 10.00 a.m. at Punjab National Bank Auditorium,
Central Staff College, 8, Underhill Road, Civil Lines, Delhi - 110054 and at any adjournment thereof.
Signed this __________ day of ________________ 2012.
Signature of the Proxy Signature of sole/first shareholder
Revenue
Stamp
INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM
1. No instrument of proxy shall be valid unless,
a. in case of an individual shareholder, it is signed by him/her or by his/her attorney duly authorised in writing,
b. in the case of joint holders, it is signed by the shareholder first named in the Register of Shareholders or by his/her attorney duly
authorised in writing,
c. in the case of a body corporate, it is signed by its authorised officer and executed under its Common Seal, if any, or otherwise
signed by its attorney duly authorised in writing.
2. An instrument of proxy, in which the thumb impression of the shareholder is affixed, will be valid provided it is attested by a Judge,
Magistrate, Registrar or Sub-Registrar of Assurances or any other Government Gazetted Officer or an officer of Punjab National
Bank.
3. The proxy together with:
a. the power of attorney or other authority (if any) under which it is signed or
b. a copy of that power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited at the Share
Department, Finance Division, Punjab National Bank, Head Office: 5, Sansad Marg, New Delhi - 110 001 not later than
Wednesday, the 20th June, 2012 (5.00 p.m.).
4. No proxy shall be valid unless proper revenue stamp is affixed on it.
5. An instrument of proxy deposited with the Bank shall be irrevocable and final.
6. In the case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be executed.
7. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the meeting to which such
instrument relates.
8. The proxy so appointed shall not have any right to speak at the meeting but such proxy can attend & vote on behalf of the grantor.
9. No person shall be appointed as duly authorised representative or a proxy who is an officer or an employee of Punjab National Bank.
To,
The Company Secretary
Punjab National Bank
Share Department, Finance Division
Head Office, 5, Sansad Marg
New Delhi - 110 001
DPID No.
Client ID No.
(For Dematerialised Shares)
Regd. Folio No.
(For Shares in Physical Form)
207
z|¤· l¤·||ª l¤-| v·||ª · ==< n|ª -: l<-ni¡¡ººº¡
::nn · [email protected] ºni.-. º¡¡.ª¡ººº· ¤·+= -. º¡¡.ª··ºº|
;f¤¤ºt rr¤tr ¤t ¬r+rrrr ¤ +rnarª ¤ f¬q ªrrª¬ ;¬¤ºrfª¤ ¤¬t¤ftn =f¤f=¬
(qª;=tq=¸ =rfª ¤ nrª¤n = ;-afzº =f¤ªrr.¤¤ =rra ¤ ª¤rt ¤r ¤·rn
lv¤ z|¤·¬||·+
z|¤·¬|·+| +| v<|- +i ¤|- ¤|ni =¤| n l-·-· =¬|· + ln( tn ~|¤= ~-·|¬ +·- t l+ ~|¤ tn|· z|¤· ~-·º| (¤º (n=i(= ln. :¤¸l-º
¤i(-¤i| (¤··· ~|º|n| ~|¤|lª+ -|·| ¤·¤ -: l<-ni¡¡º º.º +| ~¤- ¤+ º||- +| ~¤-- ·¤|·| l--- ¤·|nº n < -|l+ ~|¤+ º||- n :+l÷º
,|·| n|·||z| ¤n| l+¤| ¤| =+
=¬-¤¤|<
·|¤<i¤
+-¤-i =l-¤
1. ¤·|ln¤| --¤·
2. z|¤·¬|·+ +| -|n
3. (+) z|¤·¬|·+/z|¤·¬|·+| +| ¤-|/¤-
(º|) ºni¤·|-/n|¤|:n --¤·
(ª) :nn ~|:÷i
4. ¤+ º||- +| ·¤|·|
+. ¤+ +| -|n -·|| z||º|| +| -|n
¤-| (¤ <¸··||·| =.
º|. º||-| =. :-+ ¤+ n <z||¤ ~-=|·|
ª. ¤+ (¤ z||º|| +| º ~+| +| +|÷ -.
:¤=| l+ ¤+ ,|·| ¤|·i n|:+· -+ ¤· lnº|| t|
·|. ~|
¤·(==i +|÷nr-¤¤¸¢r . ¤¤¤r =¤ª ¤¤ çrtr ¬rtt tz f¤¤r n¤r =rr¬t ¤¤ ¤r ¤¤ ¤t ¤·rºr¤r¤t s¤a ª¤rt ¤t ¬r¤ ra =¬ªª ¤tì
n (-ª¸¤|·| ·||·|º|| +·-| t¸ l+ -¤·|+- l<¤| ª¤| ·¤|·| ¤¸º| (¤ =ti t ¤l< º|¤+z|- n ~¤¸º| ¤| ªn- =¸--| + +|·º| l¤n-¤ t|-| t ¤| º|¤+z|- ti
-ti t|-i -| n ¤¤|¤ -z|-n ¤+ +| :=+ ln( --|·<|¤i -ti at·|-ª|/at·|-ªi/at·|¤ª
l<-|+ ·
ª·||- · ¬r+rrºrt.¬r+rrfºr¤r ¤ rtar+rt
n¸a =¤ =
¤rfta rr¤tr ¤
rr¤t¤rt¤r ¤ f¬q
208
Share Department, Finance Division, 5, Sansad Marg, New Delhi 110001
(Email : [email protected] Tel. No. 011-23719086, Fax No. 011-23766079)
E-CREDIT MANDATE THROUGH NATIONAL CLEARING SERVICES (NECS)/ BANK ACCOUNT
DETAILS FORM FOR PAYMENT OF DIVIDEND ON THE EQUITY SHARES
Dear Shareholder,
In our continuous endeavour to improve service to Shareholders, we request you to provide us updated bank account particulars to our
Share Transfer Agent - MCS Ltd. (Unit: PNB), F-65, Okhla Industrial Area, Phase I, New Delhi 110020, in the following format, to avail E-
credit of dividend directly in your Bank A/c.
Thanking you,
Yours faithfully
Company Secretary
1. Folio No.
2. Name of Shareholder
3. (a) Address of Shareholder(s)
(b) Telephone/Mobile No.
(c) Email ID
4. Details of Bank Account
A. Name of the Bank &
Address of the Branch with Telephone No.
B. Account Number (as appearing on the cheque book)
C. 9 Digit MICR code number of the Bank and Branch
as appearing on the cheque issued by Bank
D. IFSC Code
IMP : Please attach a blank cancelled cheque or photocopy of a cheque issued by your bank for verification of the above
particulars.
I hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected for reasons beyond
control, I would not hold Punjab National Bank responsible.
Date:
Place: Signature of Beneficial Owner(s)
FOR SHAREHOLDERS
HOLDING SHARES IN
PHYSICAL FORM
209
z|¤· l¤·||ª l¤-| v·||ª · ==< n|ª -: l<-ni¡¡ººº¡
::nn · [email protected] ºni.-. º¡¡.ª¡ººº· ¤·+= -. º¡¡.ª··ºº|
;f¤¤ºt rr¤tr ¤t ¬r+rrrr ¤ +rnarª ¤ f¬q ªrrª¬ ;¬¤ºrfª¤ ¤¬t¤ftn =f¤f=¬
(qª;=tq=¸ ¤ nrª¤n = ;-afzº =f¤ªrr.¤¤ =rra ¤ ª¤rt ¤r ¤·rn
lv¤ z|¤·¬||·+
z|¤·¬|·+| +| v<|- +i ¤|- ¤|ni =¤| n l-·-· =¬|· + ln( tn ~|¤= ~-·|¬ +·- t l+ ~|¤ ~¤- l÷¤|¤iº·i =t·||ªi +| =i¬ -·|| =|·| ti tn|·
z|¤· ~-·º| (¤º (n=i(= ln. :¤¸l-º ¤i(-¤i| (¤··· ~|º|n| ~|¤|lª+ -|·| ¤·¤ -: l<-ni¡¡º º.º +| ~¤- ¤+ º||- +| ~¤-- ·¤|·|
l--- ¤·|nº n < -|l+ ~|¤+ º||- n :+l÷º ,|·| n|·||z| ¤n| l+¤| ¤| =+
=¬-¤¤|<
·|¤<i¤
+-¤-i =l-¤
1. l÷¤|l¤º·i +| -|n
2. ÷i¤i ~|:÷i/ª|t+ ~|:÷i
3. n|·||·|i:¤||/l-¤z|+:+|| +|/+ -|n
4. (+) n|·||·|i:¤||/l-¤z|+:+|| +| ¤-|
(º|) ºni¤·|-/n|¤|:n --¤·
(ª) :nn ~|:÷i
5. ¤+ º||- +| ·¤|·|
+. ¤+ +| -|n
-·|| z||º|| +| ¤-| (¤ <¸··||·| =.
º|. º||-| =. :-+ ¤+ n <z||¤ ~-=|·|
ª. ¤+ (¤ z||º|| +| º ~+| +| +|÷ -.
:¤=| l+ ¤+ ,|·| ¤|·i n|:+· -+ ¤· lnº|| t|
·|. ~|
¤·(==i +|÷nr-¤¤¸¢r . ¤¤¤r =¤ª ¤¤ çrtr ¬rtt tz f¤¤r n¤r =rr¬t ¤¤ ¤r ¤¤ ¤t ¤·rºr¤r¤t s¤a ª¤rt ¤t ¬r¤ ra =¬ªª ¤tì
n (-ª¸¤|·| ·||·|º|| +·-| t¸ l+ -¤·|+- l<¤| ª¤| ·¤|·| ¤¸º| (¤ =ti t ¤l< º|¤+z|- n ~¤¸º| ¤| ªn- =¸--| + +|·º| l¤n-¤ t|-| t ¤| º|¤+z|- ti
-ti t|-i -| n ¤¤|¤ -z|-n ¤+ +| :=+ ln( --|·<|¤i -ti at·|-ª|/at·|-ªi/at·|¤ª
l<-|+ ·
ª·||- · ¬r+rrºrt.(¬r+rrfºr¤r¸ ¤ rtar+rt
zt-nº =¤ =
¤rfta rr¤tr ¤
rr¤t¤rt¤r ¤ f¬q
rr¤t¤rt¤r ¤ f¬q
210
Share Department, Finance Division, 5, Sansad Marg, New Delhi 110001
(Email : [email protected] Tel. No. 011-23719086, Fax No. 011-23766079)
E-CREDIT MANDATE THROUGH NATIONAL CLEARING SERVICES (NECS)/ BANK ACCOUNT
DETAILS FORM FOR PAYMENT OF DIVIDEND ON THE EQUITY SHARES
Dear Shareholder,
In our continuous endeavour to improve service to Shareholders, we request you to provide updated bank account particulars to your
Depository Participant directly and also to our Share Transfer Agent - MCS Ltd. (Unit: PNB), F-65, Okhla Industrial Area, Phase I, New
Delhi-110020, in the following format, to avail E-credit of dividend directly in your Bank A/c.
Thanking you,
Yours faithfully
Company Secretary
1. Name of Depository
2. DP ID / CL ID
3. Beneficial Owner(s)/Investor(s) Name
4. (a) Address of Beneficial Owner(s)/Investor(s)
(b) Telephone/Mobile No.
(c) Email ID
5. Details of Bank Account
A. Name of the Bank &
Address of the Branch with Telephone No.
B. Account Number (as appearing on the cheque book)
C. 9 Digit MICR code number of the Bank and Branch
as appearing on the cheque issued by Bank
D. IFSC Code
IMP
lease attach a blank cancelled cheque or photocopy of a cheque issued by your bank for verification of the above particulars.I hereby declare that the details given above are complete and correct. If the transaction is delayed or not effected for reasons beyond
control, I shall not hold Punjab National Bank responsible.
Date:
Place: Signature of Beneficial Owner(s)
FOR SHAREHOLDERS
HOLDING SHARES IN
DEMAT FORM
211
v¬|- +|¤|n¤· ·|i+|(¤i +|n| -n= -: l<-ni ¡¡º ·º
++¤t ¤rfrr¤ =rn ¤a¤ ra s¤ftºrfa ¤¤t =r ¤¤rr-¤·r
nªn¤|· .· ¤¸- .º¡. =n¤ · v|-· ¡º.ºº ¤¤
ª·||- · ¤¤|¤ -z|-n ¤+ ~|l÷º|l·¤n +-:i¤ ªº|¤· +|n¤
º ~÷·ltn ·|÷ l=l¤n n|:-= l<-ni ¡¡ºº·:
s¤ftºrfa ¤¤t
:-¤lª·|l- + ¤¤i+·º| + =n¤ =¤< +·- t-|
-|n ª¤·º ~-|·| n ¤·|ln¤|/÷i¤i~|:÷i/ª|t+ ~|:÷i =. z|¤·| +i =º¤|
:z|¤·¬|·+/¤|+=i/¤|l¬+- ¤l-l-l¬|
-¤lª·|- z|¤·¬|·+/v|+=i/
v|l¬+- vl-l-l¬ + tª-|-|·
v¬|- +|¤|n¤· ·|i+|(¤i +|n| -n= -: l<-ni ¡¡º ·º
++¤t ¤rfrr¤ =rn ¤a¤ ra s¤ftºrfa ¤¤t =r ¤¤rr-¤·r
nªn¤|· .· ¤¸- .º¡. =n¤ · v|-· ¡º.ºº ¤¤
ª·||- · ¤¤|¤ -z|-n ¤+ ~|l÷º|l·¤n +-:i¤ ªº|¤· +|n¤ º ~÷·ltn ·|÷ l=l¤n n|:-= l<-ni ¡¡ºº·:
¤¤rr ¤r=
:¤a+ + <|·|- ~¤- ¤|= ·º||
-|n ª¤·º ~-|·| n ¤·|ln¤|/÷i¤i~|:÷i/ª|t+ ~|:÷i =. z|¤·| +i =º¤|
:z|¤·¬|·+/¤|+=i/¤|l¬+- ¤l-l-l¬|
-¤lª·|- z|¤·¬|·+/v|+=i/
v|l¬+- vl-l-l¬ + tª-|-|·
¤a+ t|n n v¤z| + ln( z|¤·¬|·+|/v|+=i¬|·+|/v|l¬+- vl-l-l·|¤| = ~-·|¬ t l+ ¤ := -¤lª·|l- ¤-i =t v¤z| ¤|= +| ¤a+ +-| n -¤lª·|l-
+ =n¤ l¤l¬¤-¸ tª-|-|· +·+ vª-- +· v¤z| ¤|= ¤|n| ·||ª z|¤·¬|·+|/v|+=i¬|·+|/v|l¬+- vl-l-l¬¤| +| n|º| l<¤| ¤|(ª| l¤= --t ¤a+ =n|--
t|- -+ ~¤- ¤|= ·º|-| -|lt( l¤·· ·|i ¤l< ~|¤z¤+ =n¤| ª¤| -| v¤z| + ¤|· n l¤·· = =·¤|¤-/¤|- +i ¤| =+-i t
ªrº . +. ¤¤¤r ¤rfrr¤ ft¤rº ¤t ¤fa =¤ª =rºr ¬rqì
z. ¤a¤ ¤ ªrtrª ¤r; s¤rrt.s¤rrt ¤¸¤ª ªrt ¤rº ¬r¤nì
................................................................................................................................................................................................................
212
HEAD OFFICE : 7, Bhikhaiji Cama Place, New Delhi 110607
ATTENDANCE SLIP-CUM-ENTRY PASS FOR 11TH ANNUAL GENERAL MEETING
TUESDAY, THE 26TH JUNE, 2012 AT 10.00 A.M.
AT PUNJAB NATIONAL BANK AUDITORIUM, CENTRAL STAFF COLLEGE,
8, UNDERHILL ROAD, CIVIL LINES, DELHI-110 054
ATTENDANCE SLIP
(To be surrendered at the time of registration of attendance)
NAME IN BLOCK LETTERS FOLIO/DPID&CLIENT ID No. Number of Shares
(Member/Proxy/Authorised Representative)
Signature of Shareholder/Proxy/
Authorised Representative present
HEAD OFFICE : 7, Bhikhaiji Cama Place, New Delhi 110607
11TH ANNUAL GENERAL MEETING
TUESDAY, THE 26TH JUNE, 2012 AT 10.00 A.M.
VENUE: PUNJAB NATIONAL BANK AUDITORIUM, CENTRAL STAFF COLLEGE, 8, UNDERHILL ROAD, CIVIL LINES, DELHI-110 054
ENTRY PASS
(To be retained throughout the meeting)
NAME IN BLOCK LETTERS FOLIO/DPID&CLIENT ID No. Number of Shares
(Member/Proxy/Authorised Representative)
Signature of Shareholder/Proxy/
Authorised Representative present
Shareholders/Proxy holders/Authorised Representatives are requested to produce Attendance slip-cum-Entry pass duly signed, for admission
to the meeting hall. The Entry pass portion will be handed back to the Shareholders/Proxy holders/Authorised Representatives, who
should retain it till the conclusion of the meeting. The admission may, however, be subject to further verification/checks, as may be
deemed necessary.
Note: 1. Please bring your copy of the Annual Report
2. No gift/gift coupons will be distributed at the meeting.
................................................................................................................................................................................................................
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