Description
The report for the financial year 2011 - 2012 of UCO bank.
ʴɹɪÉ-ºÉÚ SÉÒ / CONTENTS
¨É½þi´É{ÉÚhÉÇ EòɪÉÇGò¨É B´ÉÆ iÉÉ®úÒJÉåå / IMPORTANT PROGRAMME & DATES
·iil·i+ »i-i ·i a+ ºc:::º +l ·iiªl=i,
ªi-i·i ¢·i ·i a+ª·i-i
Date, time & Venue of Annual
General Meeting 2011-12 Œt;& 11.00 A.M.
l ·|| |||·|+ + --|·| -| ·||·|·|-|+
Statutory Central Auditors 02
l |-|· ·|+ ·| ÷-|
Board of Directors 03
l |||·|+ ~|·| ·| + r | ·| ·|-|| ·| +|·| ·| ·||
Notice for AGM and Agenda 04-08
l ||·||·| |||·|··||·
Financial Highlights 09
l ·||·|| -| ·|+ /·| |·||·|+||·| |·| -| ~| »·| ·| -| .·| |.·| +
,|||-|+| |,|| B´ÉÆ |||,
Branch Network/Priority Sector Credit
& RRBs (Table I, II & III) 10
l |-|· ·|+| +| |··|| ·
Directors? Report 11-35
l +|··|| · · ~|·|·||·|-| ·| ·| ·|| |··|| ·
Report on Corporate Governance 36-65
l +|··|| · · ~|·|·||·|-| ·| ·| ·| |·||
-| ·||·|·|-|+| +| ·| ·||·| ·|~|
Auditor?s Certificate on
Corporate Governance 66-68
l | -|-|·|~| 2010-11 / Balance Sheet 2010-11 69-70
l -||·|r||-| -| ·|| / Profit & Loss A/c 71-72
l -| ·|| ·| ·| ·| |·|| ~-| ·| ·||/Schedule to Accounts 73-116
l ·||·| + ·|·· ·||| +| -| ·||·|·|-|+| +| |··|| ·
Auditor?s Report to the President of India 117-118
l -|+·| ·| ||r |||··| / Cash Flow Statement 119-120
l ·||·| -|II ·| +·|+··| / Basel-II Disclosures 121-135
l ·|·| -|| +|·| / Proxy Form 136
l , ·||··| ~|·|· ·| / ECS Mandate 137
l ··||··||| ·|·|| / Attendance Slip 140
-i« / Item ·i ·a ªi . / Page No.
-i« / Item ·i ·a ªi . / Page No.
l |||·|+ ~|·| ·| + º.º r | ·|r|·||||
·| · ·r-| +| ~||·|
Period of Book closure for AGM 2011-12 19.06.2012 ·| to
26.06.2012
l ·|·| -|| +|·| +| ·| ||·| +| ~ ||·| ||·|·|
Last date for receipt of proxy form 21.06.2012
+i·i + -i / Programme iÉÉ®úÒJÉ / Date +i·i + -i / Programme iÉÉ®úÒJÉ / Date
ªÉÚEòÉä ¤ÉéEò
UCO BANK
|ÉvÉÉxÉ EòɪÉÉÇ ±ÉªÉ : 10, Ê´É. jÉè . ¨É. ºÉ®úhÉÒ, EòÉä ±ÉEòÉiÉÉ - 700 001
Head Office : 10, B. T. M. Sarani, Kolkata - 700 001
Bhasha Bhavan Auditorium,
National Library, Belvedere Road
Alipore, Kolkata 700 027
-ii·ii -i·i-i »i l=ci lª·i-i,
-i ºi-i-i -ii¡·i ªl, ·i -i·i l=·iª ªi =,
»-il·i ª, +i -i+i·iitcc cºt
26.06.2012
2
·| ·|· ·||· + ~|·|··|+.||·| ·||· · |·|· |· + |·|··||-|||.| +|·|| -|·|| ·| ·|··|+ +· ·|+.| r
The Shareholders may also contact the following offices of the Registrar in case of need.
·|·|, · ·|r|· |· ·| ··|· ~| + +| ·|·| -| ·|, +| , ·| ·|, +¯¯ ¯.¹
+| ·| · ¯....¹c.+.¯/.+.¯
At Mumbai : Maharastra Chamber of Commerce Lane, Fort, Mumbai - 400 023
Phone 022-2286-2425 / 2427
·| ·| · .., |·|·|·| · |·|·|·| · | ÷ , | ·|·|· , ·| ·| c¯¯ ¯`¯
+| ·| · ¯++.¹`¯`¯¹+/¹++¯
At Chennai : 22, Vijaya Raghavan Rd. T. Nagar, Chennai - 600 017
Phone : 044-2815-1034 / 3445
·|, |·--|| · `¯¯`¯¹ ~··||·|-| ·|·|·|, +·|| ·-| ·|, ·|, |·--|| ``¯ ¯¯`
+| ·| · ¯``+¹¯¯-.¯¯
At New Delhi : 105-108 Arunachal Building, Connaught Place, New Delhi -110 001
Phone : 011-4350-9200
+| -|+|.|| · +-, ·|.||·| ·|·| · | ÷ ,· ·|| |.|·| ·||+ + ·||·|), +| -|+|.|| ¯¯¯ ¯.-
+| ·| · ¯¹¹.+c+¯.¹`/ ¹.
At Kolkata : 49, Jatin Das Road (Opp. Deshapriya Park), Kolkata - 700 029
Phone : 033-2464-7231 / 32
M/s Karvy Computershare Private Limited
(Unit : UCO Bank)
Plot Nos. 17 to 24 Vittalrao Nagar
Madhapur, Hyderabad ? 500 081
Telephone No. (040) 44655000
FAX No. (040)23420814
E.Mail ID [email protected]
Website www.karvycomputershare.com
ªl=iªc iª ¢·i ºi ·iª » ·iªºi ¢=i c/REGISTRAR & SHARE TRANSFER AGENT
·| ·|·| +||| + ··| ···| ·|· ·| |,| · |-||·|· ÷
,,+|, . ·| +| ·| +,
·-|| · -| . ·| º«, ||¸-|·|| -|·|·
·||·||·| ·, r ··|·||· :.. .º
· -||+| -| ·| . ,.«., ««~::...
+ +·| ·| . ,.«., ºº«º.º«
, .·| -| ~|, ÷| c·«c·d.·s©-a·.,.cc·
| ·|·||,· «««.-a·.,cc·c.tc·s·a·c.cc·
=rr |·r|·r+ + -ø|·r -r =rr·rº|=r+ / STATUTORY CENTRAL AUDITORS
-r ·rr·r ¤rr v = +r =r
·|·|·| -| ||+|·
M/s Baweja And Kaul
Chartered Accountants
-r +i aiªl ¢ = + ·i-il
·|·|·| -| ||+|·
M/s Kothari & Co.
Chartered Accountants
-r v=r·r|v v=rr |=rvc =r
·|·|·| -| ||+|·
M/s SBA Associates
Chartered Accountants
-r <r=r ·r ··rr v = v=rr |=rvc =r
·|·|·| -| ||+|·
M/s Dass Gupta & Associates
Chartered Accountants
-r ·r ··rr ºr-rr v = v=rr |=rvc =r
·|·|·| -| ||+|·
M/s Gupta Sharma & Associates
Chartered Accountants
-r ·r < v = + ·r-r|
·|·|·| -| ||+|·
M/s Ved And Company
Chartered Accountants
3
l-i« ºi+ -i =-i /BOARD OF DIRECTORS (AS ON 31.03.2012 +l lª·il·i + »-i ªiiª)
¸ÉÒ ¯ÖÏ ¾ÖßÖ ¸üÖ¾Ö»Öü
ÊxÉnä ¶ÉEò
Shri Pravin Rawal
Director
·|| · |·| ~|||· ·|·||
ÊxÉnä ¶ÉEò
Shri Ram Avtar Sharma
Director
·|| ~··| +| -|
+vªÉIÉ B´ÉÆ |ɤÉÆ vÉ ÊxÉnä ¶ÉEò
Shri Arun Kaul
Chairman & Managing Director
meY bltu s fw Ubth dw Ë;t
ÊxÉnä ¶ÉEò
CA Manoj Kumar Gupta
Director
·||·||| ··|| ·| +·
ÊxÉnä ¶ÉEò
Smt. Uma Shankar
Director
·|| Ym. aà?Nu FhlT
EòɪÉÇ {ÉɱÉEò ÊxÉnä ¶ÉEò
Shri S. Chandrasekharan
Executive Director
·|| ··| ~|· ·|-|·||· |·|·|·|
EòɪÉÇ {ÉɱÉEò ÊxÉnä ¶ÉEò
Shri N. R. Badrinarayanan
Executive Director
.|| ·| ·|||··|·| -| +| ·| ·|| |· ·|
ÊxÉnä ¶ÉEò
Prof. Sebastian Luckose Morris
Director
·|| ~··| +| -|
+vªÉIÉ B´ÉÆ |ɤÉÆ vÉ ÊxÉnä ¶ÉEò
Shri Arun Kaul
Chairman & Managing Director
4
NOTICE
mq alt mq alt mq alt mq alt mq alt
·i ·ii-i +i·ii -i·i . :c, l·i. >i . -i. ªiªºil, +i -i+i·ii tcc cc:
ueac Ott|ce . :c, u. 1. M. 8arao|, kc|sata tcc cc:
By order of the Board
of Directors
(Arun Kaul)
Chairman & Managing
Director
Place: Kolkata
Date: 18th May, 2012
NOTICE is hereby given that the Ninth Annual General Meeting
of the Shareholders of UCO Bank will be held on Tuesday, the
26
th
June, 2012 at 11.00 A.M. at Bhasha Bhavan Auditorium,
National Library, Belvedere Road, Alipore, Kolkata 700 027 to
transact the following business:-
1. To discuss, approve and adopt the Balance Sheet as at
31
st
March 2012, Profit and Loss Account of the Bank for
the year ended on that date, the Report of the Board of
Directors on the working and activities of the Bank for
the period covered by the Accounts and Auditors’ Report
on the Balance Sheet and Accounts.
2. To approve and declare Dividend on Preference and
Equity Shares for the year ended 31
st
March 2012.
·|· ,|·| ·|r ·| ·|-|| ·| ·|||| r |+ ·| +| ·| + + ·| ·|··||·+| +| -|||
|||·|+ ~|·| ·| + ·| ·|-|||·, |·-|| + º~ ·| -|, º.º +| ·| || r -| ...
·|·| ·||·|| ·||-| ~| |÷·| |··|·|, -| ·|-|-| -||,·| ·|, ·| -|| |÷·|· ·| ÷, ~-||·| ·,
+| -|+|||.. .º ·| ~|·|| |·|| +| ·||··|| |·|·|·| |-|·-||-||·|| ·|·|
·|· +|·| ||r| +| ·||··||.
. |·-|| + º ·||·| , º.º +| |··||| + ~-| ·||· | -|-|·|~|, ··||
||·|·| +| ·|·||·| |·| + |-|· ·| + + -||·| ~| · r||-| -| ·| , -| ·|
+| ~||·| + |-|· ·| + + |+·||+-||·|| ·|· |-|· ·|+ ·| ÷-| +| |··|| ·
|·|| | -|-|·|~| ·| -| ·| + ·| ·| ·| ·| -| ·|| ·|·|-|+| +| |··|| · ·|·
·|·|| +·-| ·| ·-r ~ ·||+ | +·-| r |
º. |·-|| + º ·||·| º.º +| ·|·||·| |·| + |-|· , |+|·| ·| ~|·|·||-||
·| ·|·| ·|· -||·|| ·| ~-| ·|| |·| ·| ·|| |·|| +·-| r |
,~··| +| -|,
~··|-| ·| ·| ·| ·|
|-|· ·|+
|-|· ·|+ ·| ÷-| +
~|· ·| ·|
··||-| . +| -|+|||
|·-|| + . º
·|, , º.º
5
NOTES
1. APPOINTMENT OF PROXY
A SHAREHOLDER ENTITLED TO ATTEND AND VOTE AT THE
MEETING, IS ALSO 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. The
proxy form in order to be effective must be received at the
Head Office of the Bank at its Share Section, Finance
Department, at No. 2, India Exchange Place, 3
rd
floor, Kolkata –
700 001 not later than FOUR DAYS before the date of the
Meeting i.e., on or before the closing hours of the Bank on
Thursday, 21
st
June, 2012. An employee or officer of the Bank
cannot be appointed as proxy as per provision of UCO Bank
(Share and Meeting) Regulation 2003.
2. APPOINTMENT OF AUTHORISED REPRESENTATIVE
No person shall be entitled to attend or vote at the meeting as
a duly authorised representative of any body corporate which
is a shareholder of the Bank, 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 Head Office of
the Bank with Share Section , Finance Department, at No. 2,
India Exchange Place, 3
rd
floor, Kolkata – 700 001 not later than
FOUR DAYS before the date of the meeting , i.e., on or before
the closing hours of the Bank on Thursday, 21
st
June, 2012.
The proxy form i f any executed by such authori zed
representative will be effective provided the same is also
deposited with the Bank along with the above documents on
or before the closing hours of the Bank on Thursday, 21
st
June, 2012 at the above mentioned address.
An employee or officer of the Bank cannot be appointed as
authorized representative as per provisions of UCO Bank
(Shares and Meetings) Regulation 2003.
3. ATTENDENCE SLIP CUM ENTRY PASS
For the convenience of the shareholders, Attendance slip-
cum-Entry Pass is annexed to the Annual Report. Shareholders/
Proxy holders /Authorised Representative are requested to fill
in and affix their signatures at the space provided therein and
surrender the same at the venue. Proxy/Authori sed
Representative of shareholders should state in their Attendance
Slip-cum-Entry Pass as ‘Proxy or Authorised Representative’
as the case may be. Shareholders/Proxy holders/Authorised
Representatives must carry a valid Photo identity card like PAN
Card, Election ID, Passport etc with them and will be allowed
entry only after proper identification.
4. CLOSURE OF REGISTER OF SHAREHOLDERS
The Registrar of Shareholders and the Transfer Books of the
Bank will remain closed from Tuesday, the 19
th
June, 2012 to
Tuesday, the 26
th
June, 2012 (both days inclusive) for the
purpose of Annual Book Closure and payment of dividend
declared at the Meeting.
-ii c
:. ·iªi -il +l l-i·i l+·i
·i a+ -i =·ilª·i·i ri -i ¢·i -i·i«i-i +ª-i + l-i¢ r+«iª +i ¡ ºi ·iª·iiª+
»·i-i ·i«-i ·i a+ -i =·ilª·i·i ri -i ¢·i -i·i«i-i +ª-i r ·i l+ªil ·iªi -il +i
l-i·i l+·i +ª-i +i -il r+«iª r »i ª ·ir =i=ªl -irl r l+ ¢ ªii ·iªi -il
·i + +i +i ¡ ºi ·iª·iiª+ rl ri 1 ·|·| -|| +|·| +| ·| ·|||| +·-| + |-|· ·|r
·|-·| r |+ |r ·| + +| ··|+ ·| ·|· ~-| ·||·|, ||·| ||·||·|, º, , |÷·||
·+·|·| ·| ·-| ·|, º·| |-|,+| -|+|||.... ·| ·+| ·| + +| ||·|·| ·|
+·| ·| +·| ·iiª l«-i ·| | ·||-|| ·| ·||·, |·-|| + º ·| -|, º.º +| ·| + +
+|·| ·|·|·| +| ·|·|||·| + ·| | ·| |·| r| ·||· ·| + + |+·|| +·| ·||·| ·||
~|·|+|·| +| ·| +| ·| + ,·| ·|· ~| · ·| + , |||-|·|·|, º..º + ··|·| ·|| +
~-| ·||· ·|·| -|| + -·| ·| |-|·| +| -|r| |+·|| ·|| ·|+|| r
º. ·i il·i+ ·i ·i l·il-il·i +l l-i·i l+·i
+| , ·|| ·||+| ·| + + |+·|| ·| ·|··||·+ |-|·||·|| |-|+|·| + ·|··|+ -·|
·| ·| ||·|+ | ·| |||-||·| + -·| ·| ·| + ·| ··||··|| r| -| ·|| ·||·|-| +·-| +|
|·||+ r+·|· -|r| r| ·|| ·|·||+ ·| ||·|+ | ·| |||-||·| + -·| ·| ··| ·|··|+
-·| ·| |-|·| +| +·-| ||-| ·| +-·| +| ·+ ·| ||, ·|| ··| ·| + + ~··|-|
,|·| ·| ·|||·|| ·|·| ·| || r| , |·|·|·| ·| +-·| ·|||·| |+·|| ·|·|| ·||, ·| + +
·| ·||-| +|·|| -|·| + ·| ·|· ~-| ·||·|, ||·| ||·||·|, º,, |÷·|| ·+·|·| ·| ·-| ·|,º·|
|-|, +| -|+|||.... ·| ·+| ·| + +| ||·|·| ·| +·| ·| +·| ·iiª l«-i
·| | ·||-|| ·| ·||·, |·-|| + º ·| -|, º.º +| ·| + + +|·| ·|·|·| +|
·|·|||·| + ·| | ·| |·| -| r| ·||· · ·| ·| |·|+ | ·| |||-||·| ·|·| |-|··|||·| ·| | +·||
+|·| |·|| ·| ·|||| r| ·||, ·|·| ·|r ··|·| +| ··||| ·| + ·||·| ·+| ·|| ·|· º
·| -|, º.º + +|·| ·|·|·| +| ·|·|||·| + ·| | ·| + +| ·|·|| +· |··|| ·||·
·| + + |+·|| +·| ·||·| ·|| ~|·|+|·| +| ·| +| ·| + ,·| ·|· ~| · ·| + ,
|||-|·|·|, º..º + ··|·| ·|| + ~-| ·||· ·| ||·|+ | ·| |||-||·| + -·| ·|
|-|·| +| -|r| |+·|| ·|| ·|+|| r
º. =·ilª·il·i ·i·ii ªir·i ·i ºi ·iiªi
·| ·|··||·+| +| ·| ||·|| + |-|· |||·|+ |··|| · + ·||·| ··||··||| ·|·||
·|r·| | ·| ·||·| ·| -|·-| |+·|| ·|| ·r| r ·| ·|··||·+| /·|·| -||·||·+| /
·|||·|+ | ·||||-||·|·|| ·| ~-| ·| ·| r |+ | ··| ·|· ~| · ··|·| ··|-|··|
+·|· ·|· ·||-|| ··||-| ·|· ~·|-| r·||-|· +· |·|| ·| + ··|-|
·|· ··| ~··||·|| +· ·| ·|··||·+| + ·|·| -|| /·|||·|+ | ·||||-||·| +|
··||··||| ·|·|| ·|r ·| | ·| ·||·| ·| ·|·|||··||| “·|·| -||” ·|| “·|||·|+ |
·||||-||·|” ·|--||·|| +·-|| ·|||r· ·| ·|··||·+| / ·||·-||·||·+| / ·|||·|+ |
·||||-||·|·|| ·| ~-| ·| ·| r |+ + ·|·|| ~·|-| ·||·| ·| -| +|÷ ,·||·|||
·|r·||-|·|~| ,·||·|·|| · ~||· -||· ~| · ·|r| ·|r·||-| + ·||· r| ·-r ·| | ·|
+| ~-| ·||| ·| ·||··||
+. ºi ·iª·iiª+i + ªl=iªcª +l ·i «l
|||·| + ·||||·| ·| ·| ·| + ·| ·|| |·|| -||·|| ·| + ·| ·|||-| + ·|·|| ·|-||·|
·| ·|-|||·, |·-|| + - ·| -|, º.º ·| ·| ·|-|||· |·-| |+ º~ ·| -|, º.º
,·| -|| |·-| ·||r|, |+ ·| ·|··||·+| +| ·|·|··· ·| ·| + +| ~ |··| ·|r|
·|· ·r·||
6
5. PAYMENT OF DIVIDEND
The Board has recommended (i) Equity Dividend of ` 3/- for the
year 2011-12 for each share for nominal value of `10/-
(ii) Preference Dividend on PNCPS as per terms of issue.
Payment of dividend, if declared by the Shareholders in the
Annual General Meeting, will be paid to those shareholders:-
a) who hold in electronic form, as per the list furnished by
the depositories, i.e., NSDL/CDSL as at the close of
business hours on Monday, 18
th
June, 2012 or
b) who hold in physical form in the Register of Shareholders
as on Monday, 18
th
June, 2012 after giving effect to the
valid transfer requests from the shareholders received
before close of business hours of the Bank on 26
th
June,
2012.
Dividend warrants to such shareholders would be sent by the
Bank through Registrar and Share Transfer Agents viz, M/s
Karvy Computershare Private Limited within 30 days from the
date of declaration of dividend on their registered addresses.
6. UNPAID/UNCLAIMED DIVIDEND
As per section 10B of Banking Companies (Acquisition and
Transfer of Undertaking) Act 1970 any money which is
transferred to unpaid dividend account and remains unpaid/
unclaimed for a period of seven years from the date of such
transfer shall be transferred to “Investor Education and
Protection Fund” established under section 205C(1) of the
Companies Act 1956.
Accordingly the dividend for the year 2003-04 and onward
will be transferred to “Investor Education and Protection Fund”
after seven years from the date on whi ch i t has been
transferred to unpaid dividend account.
Shareholders who have not claimed their dividend upto the
financial year 2010-11 are requested to lodge valid claim(s)
with Registrar and Transfer Agent M/s Karvy Computershare
Private Limited.
7. CHANGE IN ADDRESS/BANK MANDATE AND PAYMENT
OF DIVIDEND THROUGH NECS:
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. M/s.
Karvy Computershare Pvt. Ltd., 17 to 24, Vittal Rao Nagar,
Madhapur, Hyderabad – 500 081, in respect of change of
address, Bank Account details, viz, Name of Bank, Name of
Branch, Account Number, ECS Mandate so that they receive
dividend directly in their account & communication etc. in time,
if not already done. The format for ECS Mandate form is
enclosed in Annual Report.
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
ä -ii-ii ºi +i -i ·i·ii-i
·||÷ -| ,, |-|·-||-||·|·| +| `¨; + ·|| + |·|+ ·| -·| + .|··| + ·| ·|·
r ·| |·| .¨. + |-|¸ ` ¹; + , |+|| -||·|| ·| ,, |-|·| ·| +|
·|·|| + ~-| ·||· ||¸-|·||||¸·| |· ~|·|·||-|| -||·|| ·| +| ·| ··| |·| +| r
·||· |||·| + ~|·| ·| + ·| ·| ·|··||·+| ,|·| -||·|| ·| + ·| ·|||-| +| ·|| ·|·|| +|
·|||| r || ·-| ·|| ·|··||·+| +| ,·|+| ·| ·|||-| |+·|| ·||··||:-
+, ·|| ·|| ·|||·, |·-|| + º ·| -|, º.º +| +|·| ·|·|·| +| ·|·|||·|
·|· |-|-| ·||·||·| ,·||-|| ·-|··|÷|·-|/·||÷|··|·-| ,|·| ·| ·| | ·| ·|| +
~-| ·||· ,-| +· ||-|+ -·| ·| ·| ·|· ·|||·| +·| r , ·||
·|, ·|| º~ ·| -|, º.º +| ·| + + +|·| ·|·|·| +| ·|·|||·| + ·| |
·| ·|··||·+| ·| ·||·| | ·| ~ |··| + ~-| ·| ·| +| ·|·|||| +·-| + ·||·
·|| ·|||·,|·-|| + º ·| -|, º.º +| |··||| + ~-| ·||· ·| ·|··||·+| +
·|·|··· ·| ·|·| -·| ·| ·| ·|· ·|||·| +·| r
·| + ,|·| -||·|| ·| +| ·|| ·|·|| +| ||·|·| + º. |·-| + ·|||· · ·|
·| ·|··||·+| +| -||·|| ·| ||· · ·-|+ ·|·|·· |+ | ·|| ·|· ·|·|·· |· ·|
·| ·|· ~ |··| ··| · ·||-|| ·| . +||| + ··| ···| ·|· ·| |,| · |-||·|· ÷ +
·||·· ·| ·|| ·||··||
c. »«-i / »«i·ii+ ·i -ii-ii ºi
·| ++|·| + ·|-|| ,··|+ ·|| +| ~·| -| ~| · ~ |··|, ~|·||-|·|·| -. +|
·||·| . ·| + ~-| ·||· ·||· +| , ·||·| ~··| -||·|| ·| ·||| ·| ~ ||·|
+| ·|||| r ~| · · ·| ~ |··| +| ||·|·| ·| ·||| |·| +| ~||·| |+
~··| /~·|||+ | ·r|| r || ··| + ·|-|| ~|·||-|·|·| -:~ +| ·||·|
º.: ·|,, + ~·||-| ··|||·|| ?|-|| ·|+ |·|-|| ·| ·| ·-|·| |-||·|? ·|
~ ||·| |+·|| ·||··||
|·-| ·||· |·| º..º.« ~| · ··|+ ~|·| +| -||·|| ·| ~··| -|·|| ·|
·||| ·| ,·|+ ~ |··| +| ·| ·| |·|·| ||·|·| ·| ·||| |·| + ·||· ?|-|| ·|+
|·|-|| ·| ·| ·-|·| |-||·|? ·| ~ ||·| |+·|| ·||··||
|·|-| ·| ·|··||·+| -| ||·||·| |·| º.. |+ -||·|| ·| +| ·||| -|r|
|+·|| r , ·-|·| ~-| · | ·| r |+ | · |·|·· |· ·| ~ |· ·| ··| ·
·| . +||| + ··| ···| ·|· ·| |,| · |-||·|· ÷ + ·||·| | ·| ·|||,| , ·| ·| | +·
t. =i+ ·i·ii / ·i + »l·i« ºi -i ·ilª·i·i -i ¢·i ¢-i¡ ªil¢ªi + -ii··i-i ªi
-ii-ii ºi +i -i ·i·ii-i
+j -i¸ ·i =·i -i ·iilª·i ºi ·iª
·| | -·| ·| ·| ·|· ·||··| +·-| ||-| ·| ·|··||·+| ·| ~-| ·| ·| |+·|| ·||||
r |+ ÷|+ ·|||, ·| + ·|||| |||··| ·|·|| ·| + +| -||·|, ·||·|| +| -||·|,
·|||| ·| ··||, , ·||··| ~|·|· ·| ~||· ·| ·||· || -| r | -| +| ·| ·|-||
·|·|·· |· ·| ·| ·|· ~ |··| · ·| · ·||-|| ·| ·|·| +||| +···| ···| ·|· ·| |.|-|.,
·| º«,||¸-| ·|| -|·|·, ·||·||·| ·, r ··|·||· :.. .º, +| · |||+ |
~·|-|| -||·|| ·| ·||·| ~·|-| ·||| ·| ·| |·| +· ·|+ ~| ·.,·|+| ·| ·|-||
·|·|·| ·r| r| ·| ·|| ·|+ , ·||··| ~|·|· ·| +|·| +| ·| -·| |||·|+
·|||| ·-| ·| ·| -|·-| r
=ij ¡-i +c i l-i+ =·i -i ºi ·iªi +i ·iiªºi
,-| +· | |-|+ -·| ·| ·| ·|··||··| +·-| ||-| |r|||·|+|·| ·|||-|+| ·| ·|r
~-| ·| ·| |+·|| ·|||| r |+ | ·|r ·| |-||··|| +· |+ ~·|-| |-|-| ·||·||·
·||·||·|· + ·||·| ·|||, ·| + +| |||··| ·||-|| ·| + +| -||·|, ·||·|| +|
7
of Bank, Name of Branch, Account Number, ECS Mandate etc.
are duly updated with their Depository Participant so that they
may recei ve di vi dend di rectl y i n thei r account & the
communications, well in time, if not already done.
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 to the shareholder
provided his account is with a branch of a Bank having
all of its branches under Core Banking Solution (CBS)
and NECS Mandate of the Beneficial owners recorded
with their Depository Participant (DP). The shareholders
holding shares in physical form can also avail this facility
by submitting ECS mandate to Registrar & Share
Transfer Agent. This procedure avoids loss of dividend
warrant (s) in transit or otherwise.
8. UNCLAIMED SHARES
Few of the share certificates issued after the Bank’s Initial
Public Offer returned undelivered to our Registrar & Share
Transfer Agents on account of improper address mentioned in
the application forms and subsequent change in addresses of
the shareholders. Bank is yet to receive claim/request from
the bonafide shareholders/owners of such shares. As per the
Listing Agreement, the Bank is required to dematerialize the
shares whi ch remai ned uncl ai med by the bonafi de
shareholders/owners of such shares.
Following are details of the shares unclaimed as on
31.03.2012 :
+ -i ªi . l·i·iªºi ºi ·iª ·iiª +i ºiil-i-i ºi ·iªi
+l ªi =·ii +l ªi =·ii
Sl. Particulars No. of No. of shares
No. shareholders involved
i. |·-|| + ...«.º. +| |··||| +
~-| ·||· ~·|||+ | ·| ·|·
Shares unclaimed as on 01.04.2011 356 55408
ii. |·| º.º + ·| ·|-| ·|||+ ·| /
|r·|||·|+|·| + ·||·| ·| ~ ·||··| ·| ·|·
Shares claimed / transferred to
Beneficiary account during the year 2011-12 58 9158
iii. |·-|| + º..º.º.º +| |··||| +
~-| ·||· ~·|||+ | ·| ·|·
Shares unclaimed as on 31.03.2012 298 46250
The voting rights in respect of the unclaimed shares will remain
frozen till the claim by the rightful owner.
9. COMPULSORY TRADING OF SHARES OF THE BANK IN
DEMATERIALISED (DEMAT) FORM
Pursuant to the directive of SEBI, trading of our Bank Shares in
dematerialised form has been made compulsory for all
investors. ISIN Code Number of the Bank is INE691AO1018
The Bank has entered into an agreement with National
Securities Depository Ltd. (NSDL) and Central Depository
Services (India) Ltd (CDSL) as an issuer Company for
dematerialisation of Bank’s Shares.
-||·|,·|||| ·| ··||, , ·||··| ~|·|· ·| ~||· ~·||| r |||+ | ~·|-||
-||·|| ·| ·||·| ~·|-| ·||| ·| ·| |·| +· ·|+ ~| · ~-·|·|| ,·|+| ·| ·|-||
·|·|·| ·r| ·| ·|| ·|+
ºi ·iª·iiª+ + ·i·ii ·ir -ii c +ª l+ »·i-i =ii·i -i -ii-ii ºi ªii·i ·i i··i
+ª-i r ·i ªi·c l·i ¡-i +c i l-i+ ªi-iiºii ·i-i ·i ºii-il (¢-i¡ ªil¢ªij -iiª·il·i
lª=i·i ·i + øiªi ·i l·i·iil«·i ¢+ ·iql·i r 1 ·ir ªi l·i·ii =-i ºi ·iª·iiª+i +i
=·i-i··i r l=i-i+i =ii·ii ·i ªi ·i + -i r l=iªi+l ªi-il ºii=ii¢ ªil·il¢ªi ªi
=i = l r ¢·i lr·iil·i+iªl -iil-i+i + ¢-i¡ ªil¢ªi »l·i« ºi l-i-i ·ii·iiª ªir-ii·il
(=l·ilj + ·iiªi «=i r 1 -i¸ ·i =·i ªi ºi ·iª·iiªºi +ª-i ·ii-i ºi ·iª·iiª+
ªl=iªc iª ¢·i ºi ·iª » ·iªºi ¢ =i c + ·iiªi ¡ ªil¢ªi »l·i« ºi ·i ª·i ·i +ª
¡ªi ªi l·i·ii +i ·i i··i +ª ªi+·i r 1 ¡ªi ·iql·i ªi -ii-ii ºi ·iiª c + -ii·i -i
=ii -i ·ii »-·i l+ªil ·i +iª +l ril-i ªi ·i·ii =ii ªi+·ii r 1
º. »«i·ii+ ·i ºi ·iª
·| + + ~|· |·|+ ·||| ·||-|+ ·|·||| + ·||· ·||·| + · ·| ·|· ·|·||·|·|~|
·| ·|··||·+| + ~|| ·-| ·|~| ·| ·|--||·|| ·|~| ~·| · ÷|+ ·|| ·|
|·-| ·||· ·||·|||| ·|| +| |·|r ·| r·||· ·|·|·· |· ·| ·| ·|· ~ |··|
··| · + ·||·| ||·|·| -|| · ~|· ·| + +| · ·| ·| ·|·| + ~·|-|| ·| ·|··||·+|
/ ·|||-|+| ·| ·||| / ~-| ·| ·| ·| |·| -|r| r ~| r ·| ·||·|; +·|· +
~-| ·||· ·| + · ·| ·| ·|·| +| ~·| ||+ | ·|| |·|| +· ·|| |·|-|+| ·|||
~·|-|| ·| ·|··||·+| / ·|||-|+| ,|·| ·| ·| | -|r| |+·|| ·|·|| r
l«-ii + º:.cº.ºc:º ·i+ »«i·ii+ ·i ºi ·iªi + l·i·iªºi l-i--i·i +iª r .
~·|||+ | ·| ·|·| + + ·||·|-| ·| ·|r| ·|||-|+ ,|·| ·||| -|r| |+· ·||-|
|+ ·||||·|+|· ~|·; ··| ·||· ·|
s. ·i + + ºi ·iªi +i »l-i·ii·i =·i ªi »-i¸ ·ii+ ·i(l=-i c) =·i -i + ·i
l·i+·i
·||· ||·| ·| ||·| || ~| · |||-|·|·| ·|| ÷ , |· | |· · ·|· |· ·|||-|· ·| +
~-| ·|··| ·| ·|·|| |-|| ·|+| + |-|· ·| + + ·| ·|·| +| + ·|||+ ·|
~·| ||+ | -·| ·| |+·|| ·||-|| ~|-|||·| +· |··|| ·|·|| r ·| + +|
~|, ··|~|, ·-| + · ·| ··|| ~|, ·-|, ~-·..º r
·| + + ·| ·|·| + ~·| ||+··| r | |-|·| ·|-|+|| + ·|-|| + -·| ·| ·|·· |·|
·| ||·| || |-|-||·||·|· |-|. ,·-|··|÷|·-|, ~| · + -|·| |-|-| ·||·||· ·| ||
,·||·|, |-|. ,·||÷|··|·-|, + ·||·| ·| + -| +·|· |+·|| r
8
Request for dematerialisation may be sent through respective
depository participants to our Registrars and Share Transfer
Agent.
10. COPIES OF BALANCE SHEET/ANNUAL REPORT
Shareholders are advised that copies of the Annual Report will
not be distributed at the venue of the Annual General Meeting.
11. SHAREHOLDERS QUERIES
It will be appreciated if shareholders submit their queries, if
any, on the agenda items to be considered at the Meeting
sufficiently in advance to facilitate effective response from
the Bank.
12. COMMUNICATION WITH SHARE TRANSFER AGENTS
Shareholders are requested to intimate changes, if any, in their
registered address or any other particulars through their
Depository Participant in case of DEMAT shares and directly in
case of physical shares to the Registrar and Share Transfer
Agent of the Bank at the following address :
M/S Karvy Computershare Private Limited
Unit : UCO BANK,
Plot No. 17 to 24, Vittalrao Nagar, Madhapur,
Hyderabad – 500 081
Tel : (040) 44655000; Fax : (040)23420814
For on line queries/grievances, shareholders of the Bank may
login on the website of M/s Karvy Computershare Private
Limited i.e., www.karvycomputershare.com and click on
Investor Services page to register their queries/grievances, if
any.
13. SHARE SECTION & INVESTORS GRIEVANCE CELL
In order to faci l i tate qui ck and effi ci ent servi ce to the
shareholders, the Bank has set up Investors Grievance Cell at
its Head Office, Kolkata. Shareholders and investor may contact
this Cell at the under mentioned address for any assistance :
Shri N Purna Chandra Rao, Company Secretary, Share Section
& Investors Grievance Cell, UCO Bank, Head Office : 2, India
Exchange Place (3
rd
Floor), Kolkata – 700 001
Telephone : 033-44557227, Fax : (033) - 22485625
Place: Kolkata
Date: 18.05.2012
·| ·| |·|| |-|-| ·||·||· ·|r·|||·|·|| + ·||··|·| ·| ~·| ||+··| +| ~-| ·| ·|
r·||· ·|·|·· |· ~| · ·| ·|· ~ |··| ··| · + ·||·| ·| ·|| ·|| ·|+|| r
:c. ·i -i-i·i>i/ ·iil·i+ ·i l·i·i «-i +l ·i l·i·ii
·| ·|··||·+| +| ·| |·|| |+·|| ·|||| r |+ |||·|+ ~|·| ·| + + ··|-|
·|· |||·|+ ·| ||| ·-| +| ·| ||·|| ||||·| -|r| +| ·||· ·||
::. ºi ·iª·iiª+i øiªi ·i¸ o·iio
r·| ·| ·|·||| r| ·|| ·||· ·| ·|··||·+ ||||·|·| +|·| ·| || +| ·|·| ·|
·| ·| |·|·| | ··||·, ·||· +| , r| , ·| + ·| ·|·| |·| ·|·|·| ·r| ·| ·| |
+·,|||+ ·|+ +| .|·|||| -·| ·| ·|·| ·|· · -| ·| ·|r |-|·|| r|
1z ºi ·iª » ·iªºi ¢=i ci + ªii·i ·i>ii·iiª
·| ·|··||·+| ·| ~-| ·| ·| |+·|| ·|||| r |+ | ~·|-| ·| ·||+ | ·|| ·||
|+·|| ~-·| ·|+|· + |||··| ·| ·||·|| -|, ·||· +| , r| , ·| ·| ·|| ·| ·|-||
~·| ||+ | ·|·|·| + ·||·|-| ·| ~·|-| |-|-||·||·||· ·|r·||·|| + ·||··|·| ·|
·| ·| | ·| ·|·| + ·||·|-| ·| ·||·| ·| + + ·|·|·· |· ~| · ·| ·|· ~ |··|
··| · +| ,·| ·|| ·|· · .
·| ·|·| +||| + ·| ··| ·|· .||,| |-||·| ÷
·| |-| · ·| +| ·| +
-|| ·| . ¯ ·| .4, ||,-|·|| -|·|·, ·||·||| ·, r ··|·||· ¯¨¨ ¨-
· ··||·| · ,¨4¨) 44ö¯¯¨¨¨, + +·| ,¨4¨).¹4.¨-4
~| -|-||,-| | ··||·;|·|+|·|·| ··| +·-| r ·| ·| + + ·| ·|··||·+ ·| ·|·|
+||| + ·| ··| ·|· .||,| |-||·| ÷ +| | ·|·||,
www.karvycomputershare.com |· -|| ·| ~| -| +· ~| · ~|-||
| ··||·;|·|+|·|·|, ·||· +| , r| , ··| +·-| r ·| |-|| ·|+ ·| || | · |·
|+-|+ +· :
11 ºi ·iª ªi +ºi-i ¢·i l-i·i ºi+ lºi+i·i·i +=i
·| ·|··||·+| +| ·||··| ¸| ·| r·|· ·| || .|·|-| +·-| r ·| ·| + -| ~|-|
.|·||-| +|·|| -|·|, +| -|+|·|| ·| |-|| ·|+ |·|+|·|·| +-| +| ··|||-|| +|
r : ·| ·|··||·+ ¸| |-|| ·|+ |+·|| ·|| .|+|· +| ·|r|·|·|| + |-|¸ ,·|
+-| ·| |-|·-||-||·|·| |·| |· ·| |+ +· ·|+·| r ·
·|| ·-|.·| ·| ·| - ·||, + ·|-|| ·||·|| ,·| ·|· ~-| ·||·| ·| |-|| ·|+ |·|+|·||
+-| ,·| +| ·| +, ·|·||-| +|·|| -|·|, º , |÷·|| ·+·|·| ·| ·-| ·| ,º·| |-|,,
+| -|+||| ....
· ··||·| · ¨¹¹44¯¯¯..¯, + +·| . ,.ºº, ºº«º:~º:
,~··| +| -|,
~··|-| ·| ·| ·| ·|
|-|· ·|+
|-|· ·|+ ·| ÷-| +
~|· ·| ·|
··||-| . +| -|+|||
|·-|| + . º..:.º.º
By Order of the
Board of Directors
(Arun Kaul)
Chairman & Managing
Director
9
* Nughtü fUe mkÏgt fUt Ctrh; ytim;/* Weighted average number of Share
|·r·rººr Þart|cu|ars -rr-r ºcJº -rr-r ºcJJ -rr-r ºcJc -rr-r ºccs -rr-r ºccº -rr-r ºccz -rr-r ºccc
varco ºcJº varco ºcJJ varco ºcJc varco ºccs varco ºccº varco ºccz varco ºccc
+ -r ¤r·r + ¯ + =·r -r ºr q ··rr¤r ¤r·r
Net loterest loccæe as ¯ tc 1cta| loccæe ºs.cº ºJ.ºz ºº.Js Jz.sº ºc.++ ºs.+º ºº.JJ
¤r-rr +| ¤r =r·r -rr·r·r (¯j
Averaqe Ocst ct Deµcs|ts (¯j z.ºc s.z+ c.++ z.ºs c.z+ s.cc s.Js
¤|·r-rr =r ¤r =r·r ¤r·r (¯j
Averaqe Y|e|d co Advaoces (¯j JJ.ºº Jc.cc Jc.Jº Jc.cz s.sc º.cs º.ºc
|-r·r-r ··rr¤r -rr|¤r-r (¯j / Net loterest varq|o (¯j º.zz º.cz º.Js J.sz J.ºz º.sJ º.zº
·r¸ ¤r| ·r·rr ··r·rr (¯j / Oaµ|ta| Adeçuac, (¯j
·rr=r -r-1 / uASët-l JJ.cº JJ.ºz JJ.ºs s.zs Jc.cs JJ.sc JJ.Jº
·rr=r -r-11 / uASët-ll Jº.ºs Jº.zJ Jº.ºJ JJ.sº JJ.cº NA NA
·r|·r ºrr=rr +rº·rrº ( +ºr = <j
uus|oess µer uraoco (< Orcrej JJº.cc JJJ.++ ss.cº ºº.Js cs.Jº cc.cº sº.sc
·r|·r +-r -rrº| +rº·rrº ( +ºr = <j
uus|oess µer ëæµ|c,ee (< Orcrej Jº.+z JJ.ºc s.cJ z.ºº s.ºc +.c+ º.ºz
=r+-r ¤-r¤r + ¤r|=·r ¤-r ·rr·r (¯j / Orcss NÞA Hat|c (¯j º.+º º.Jº J.ss º.ºJ º.sz º.Jz º.ºz
|-r·r-r ¤-r¤r + ¤r|=·r ¤-r ·rr·r (¯j / Net NÞA Hat|c (¯j J.sc J.º+ J.Jz J.Jº J.sº º.J+ º.Jc
¤r|=·r·rr ·rº ·r |·r+-r (¯j / Heturo co Assets (¯j c.cs c.cc c.ºz c.ss c.sº c.+z c.º+
·r|·r ºr ·rº ·rr| -r¸ -·r/ uccs va|ue µer Soare (|o <j s+.zº ºº.cc cs.z+ sc.ºº ºJ.cº ºz.cc º+.ºc
·r|·r ºr·rº ¤¤r-r (< -rj
ëaro|oq Þer Soare (|o <j' 'Js.cº 'J+.ºs Jz.+z 'z.cº s.Jc º.ss º.+c
|«-rr + ºJ.cº.ºcJº +r =r-rr··r z ·r·r +| ¤·r|·r +| |·r-r|·r |·r|ºr·c·rr{
FINANCIAL HIGHLIGHTS FOR 7 YEARS PERIOD ENDED ON 31.03.2012
|«-rr + ºJ.cº.ºcJº +r =r-rr··r z ·r·r +| ¤·r|·r + -rr··r·r¸ ºr +r·r |-r··rr«-r |-r« ºr+
KEY PERFORMANCE INDICATORS FOR 7 YEARS PERIOD ENDED ON 31.03.2012
(fUhtu \ z `. bü / `. in Crore)
+rº·rrº -rr-r« = -rr-r ºcJº -rr-r ºcJJ -rr-r ºcJc -rr-r ºccs -rr-r ºccº -rr-r ºccz -rr-r ºccc
uus|oess Þaraæeters varco ºcJº varco ºcJJ varco ºcJc varco ºccs varco ºccº varco ºccz varco ºccc
+ -r ¤r-rr / 1cta| Deµcs|ts 154004 145278 Jºº+Jc Jccººº zsscs c+ºcc s+s++
+-r ¤|·r-r / 1cta| Advaoces JJzsc+ JccscJ ºººzJ csccs sscºz +z+zJ ºzºJz
+ -r +rº·rrº / 1cta| uus|oess ºzJscº º+sººs ºcszºz JcsºsJ Jºssºc JJºººJ sººcJ
|·r|-r·rr-r / lovestæeot +cJºs +ºJº+ +ºzcc ºssJº º+cºs Jszºs Jsºcº
··rr¤r ¤r·r / loterest |occæe J+cºº JJºzJ ssºc ºJºJ cscs sºJº +ºss
··rr¤r ··r·r / loterest ëxµeod|ture Jczºc zsºc zºcº c+zz scºJ ºcºº ºzºs
|-r·r-r ··rr¤r ¤r·r / Net loterest loccæe ºscº ºº+s ººº+ Jc++ J+ºº Jcss Jscc
·r|º-rr-r-r -rr-r / Oµerat|oq Þrct|t ººJJ ºcss Jzcc Jºcº ss+ s+s zcº
|-r·r-r -rr-r / Net Þrct|t JJcs scz JcJº ssº +Jº ºJc Jsz
=ºr ¤r-rr ¤-r·rr·r / Ored|t Deµcs|t Hat|c zc.ºc cs.ºº cº.Jc cs.sJ cs.cJ zº.Js cs.ºº
ºrr=rr¤r +| =r =·rr / Nc. ct uraocoes ººsc ººcc ºJsº ºccº JscJ Jºsº Jz++
10
·iil-i+i/TABLE — I
+-r Jº.cz.Jscs ºJ |«=r-·rº, Jsºs
=r =·rr =·rr-r/«ºr +| |=·r|·r + ¤-r =rrº +| |=·r|·r + ¤-r =rrº ºJ -rr-r +| |=·r|·r + ¤-r =rrº
Sl. Places/Countries As on As on 31st
No. 18.07.1969 December 1985 2009 2010 2011 2012
1 ·||·| ·| ,··||)\ In India (Domestic) 351 1712 2065 2148 2202 2390
2 ·||·| + ·||r· \ Overseas 6 9 4 4 4 4
3 ·| -||,· ÷ |+·|÷·| \ United Kingdom 1 2 - - - -
4 |·|·||·| · \ Singapore 3 3 2 2 2 2
5 r| ·| +| ·| \ Hong Kong 2 4 2 2 2 2
6 ·||·||~| +| + -| ·| ··|| ,| |·|+,
Total Number of Branches (Global) 357 1721 2069 2152 2206 *2394
7 ||·||· +|· ··| +| ·| ··||
No. of Extension Counters - 80 11 7 4 3
ºii=ii -i c·i+ \ Branch Network
·iil-i+i/TABLE — II
·i·i 2008-09 ªi 2011-12 ·i+ iii·il-i+·iiiii··i =i >i +i l«¢ ·i¢ »l:i-ii +l =i >i·iiª lª·il·i
Sector-wise Position of Priority Sector Advances of the Bank for the Years 2008-09 to 2011-12
·iil-i+i / TABLE — III
l-i--il-il=i·i + »-i ªiiª ·i+i·ii ºi ·i
+-r Balance Outstanding as on
=r =·rr l-i--il-il=i·i +i l·i-i·ii ·iºi -rr-r -rr-r -rr-r -rr-r
Sl. Financing of March March March March
No. 2009 2010 2011 2012
1 .||·||·|+·||.||·| -| ~| ~|·|·| / Priority Sector Advances 25232 27600 28253 28301
2 .||·||·|+·||.||·| -| ~| ~|·|·|;¸¸-|·||·|| / Priority Sector Advances/ANBC (%)* 50.69 43.91 39.16 33.56
3 + |·| -| ~| +| ~|·|·| / Agriculture Advances 11239 14309 11643 9653
4 + |·| -| ~| +| ~|·|·| ; ¸¸-|·||·|| / Agriculture Advances/ANBC (%)* 22.58 22.76 16.14 11.45
5 +·|·|| · |·|| +| ~|·|·| / Advances to Weaker Sections 5973 6733 7496 7861
6 +·|·|| · |·|| +| ~|·|·|;¸¸-|·||·|| / Adv. To Weaker Sections/ANBC (%)* 12.00 10.71 10.39 9.32
7 ¸·|¸·|¸·|, ~|·|·| / MSME Advances 8963 12316 14790 17860
8 |·|-|·| ·| ¸·|¸·|, ~|·|·| / Of Which MSE Advances 6694 9077 11973 13437
,·||·| +·| ÷ < ·| ) (< in Crore)
+-r
=r =·rr
Sl. No.
r-iiª øiªi iii·ii l=i·i =i >il·i :ii-ilºi ·i +i +l =i-ii ·i·ii »l:i-ii +l 11u1zu1z + »-i ªiiª lª·il·i
Position of Deposits & Advances of our sponsored RRBs as on 31.03.2012
1 ·|·|·| · ·||· ·| |·||·| ·| + \ Jaipur Thar Gramin Bank 218 2065 1083
2 +|-|·| ·| |··| ·| + \ Kalinga Gramya Bank 184 1815 1144
3 |·|r|· -| ~||·| ·| |·||·| ·| + \ Bihar Kshetriya Gramin Bank 171 1566 597
4 ·||··|·| ·| ·| ·| |·||·| ·| + \ Paschim Banga Gramin Bank 216 2851 928
5 ·|r|+| ·|-| -| ~||·| ·| |·||·| ·| + \ Mahakaushal Kshetriya Gramin Bank 43 289 100
·ii·i \ Total 832 8586 3852
*|«-rr + ºJ.º.ºcJº +| |=·r|·r + ¤-r =rrº =r-r| ºrr=rr{ =r|·r|{=r =r-r|·r·r r !
*As on 31.3.2012, All the Branches are CBS enabled.
* =r-rr·rr |¤r·r |-r·r-r ·r + =ºr / *Adjusted Net Bank Credit
=r >r|·r ·rr-r|ºr ·r + +r -rr-r ºrr=rr¤r +| =r =·rr + -r ¤r-rr + -r ¤|·r-r
Name of RRB No. of Branches Total Deposits Total Advances
,·||·| +·| ÷ < ·| ) (< in Crore)
|-r<ºr+ -r=-r +| |º·rrc : 2011-12
REPORT OF THE BOARD OF DIRECTORS : 2011-12
1. ir·r ·r-r ·r|º-r-rr {·r |·rº-r ·rºr :
1. ¤r|·r+ ªr-r|=rr 2011-12 :
|·| 2011-12 + ·|·|-| ·|· ||·| ·| ~||·|+ ·|||; ·| |·|·||· ~|,
·||·||| ~·|||··|| ,·|+| ~{|||· -|r| r ||·|+ ~·|||··|| ·|
·|-|·|-|| ~|· |·|·||-| + ||·||| ·|+· +| ·||·||| ~·|||··|| +|
·|||; ·|· ·||·|| .|·||| ·|·| ||·|||+ ·|+-| ··|| ··||· ·| |·|·-|
·|·|+|·||| |·| + 6.9 .|||·|| +| |-|-|| ·| ·|·|+|·||| |·| 2011-12
+| ||·|·| ||·||r| ·| ·||~| 6.1 .|||·|| +| ||; r, |·| 2011-12 ·| 6.9
.|||·|| ·|||; ·· r|-| +| ~-|·||-| r ·|| ~|·|·| .||++-|-| + ~-|·||·
·||.|·.·|+ + 7 .|||·|| {|||-|·||-| ·|
·||·| +·| r ~|·|·| .||++-|-| +
~-| ·||· ·| || -| ·|||-|| ·| | |; +|
||·|·|+· +|·| ·| |||-|·||·| -|~| ·|
r , ·| | |; + +|··| ·|-||· ··||
·|||
|·r.·r.06 |·r.·r.07 |·r.·r.08 |·r.·r.09|·r.·r.10 |·r.·r.11 |·r.·r.12
GDP Growth (per cent) Y-O-Y
ªr+-r < ºr| =··rr< -r ªr ·r |q (per cent) ·r·r -<º -·r·r
I. MANAGEMENT DISCUSSIONS & ANALYSIS:
1. Economic Review 2011-12:
Economic growth throughout the world had seen a sagging phase
during the year 2011-12. Indian economy is not an exception.
Turmoil in global economy, Eurozone’s financial crisis had made
a direct impact on Indian economic growth. Real GDP grew just
6.1 per cent in the third quarter of the fiscal year 2011-12 against
6.9 per cent in the previous fiscal. The rate of growth in 2011-12
is estimated at 6.9per cent, which is marginally lower than the
RBI’s projection of 7per cent as per the Advance Estimates (AE).
The projection of growth as per
Advance Esti mates was
maintained predominantly due to
agriculture and construction.
An important feature in the Indian
economy has been that the
investment activity during the year
2011-12 has slowed down and as
a result the Gross Fixed Capital
Formation (GFCF) for 2011-12 has
slipped to 29.3 per cent, a decline
of almost 4 percentage points over
the last four years’ average.
·||·||| ~·| ||··|| +| ·+ ·|r|·| ·|
||·|·||| |r ·r| |+ |·| 2011-12 +
·|·|-| |-||·| |+||+-||·| ·| +·||
~|, ~|· ,·|+ ·||··||·|·|¬ ·| |·|
2011-12 + |-|· ·|+-| ··|||| ·|·||
|-|·|| ·| ·|·+· 29.3 .|||·|| ·r
·||| ·|| |·|·-| ||· |·| + ~|·|| +|
|-|-|| ·| -|·|·|·| 4 .|||·|| ·||, ·
+| +·|| ··|||| r
=r >r|·r |·r+rªr :
|·| 2011-12 ·| ·|-||: |||-| ·| ·|r + |·+|÷ ··||·-| +| ~-|·||-|
r|-| ~|· ·||·|·||-|| ·| ·|·|·||-|-| ·| ·|||; +| +|+| ·|·|||-|| r|-| +
+|··| ·|·|·| +|·r -|~| ·|+-| ··|| ··||· ·| ~|·||-| 3 .|||·|| ·|||;
r|-| +| ~-|·||-| r
¤r cr |·r+ =··rr<-r ªr¸ -r+r + + ¤-r ªrrº =··rr<-r ªr ·r |q ·| ~-·|· ·|
5.7 .|||·|| +| +·|| ~|, , ·|·||+ -||·|· ·| (6.6 .|||·|| +|) ~·|
|·|-|| r, , |·|||·| .||·| |··||· + ~-|·||· |··|·|· ·| 1.8 .|||·|| +|
+·|| r, ·|-||·|, 2012 ·| ~|·||·|+ ··||·-| ·||+|+ ·|·|·|| ~|+÷|
+ ~-|·||· ··||·-| ·| 1.1.|||·|| +| ·|||; ··| +| ·|, (||-||
··||·-| ·| 6.8 .|||·|| +| ·|||; ··| |+· ·||-| ·| r|-|||-|| ·|-| +
+|··| ·|·|||·||) |·|||·| +·|·|, 2012 ·| ++··| ,|·| ··||·-| ·|
·|||; + -|~| ·| ·--|·|-||| ·|·||· r~| ~|· ··|·| 4.1 .|||·|| +|
·| | |; ··| +| ·|, |·| 2011-12 ·| ·| ·||·|| ·||-| +| ·| ·+· ~| ·|| ·|+
··||·-| ·||+|+ ·| |·| -·· |·| -|·|·|·| 5 .|||·|| +| ||; ·· r|-|
+| ~-|·||-| r
|·| 2011-12 ·| +||-|| ··||·-| ·| +·| ·|||; r|-|, -||r ~|·+
··||·-| ·|· .|||·|·| -|·||· ·||-|, .||+||+ ·|·| + ··||·-| ·| »|·| r|-|
~|· +| |-| + ··||·-| ·| -|+|·|·|+ ·|||; r|-| + +|··| =r-r-r
¤r º =·=r-r-r -|~| ·| -|+|·|·|+ ·|||; (~|·|·| .||++-|-| + ~-|·||·
-2.2 .|||·||) r|-| +| ·|·|||-|| r
Sectoral Developments:
Overall agriculture sector GDP growth for 2011-12 is expected to
be 3 per cent on an average, riding high on record outputs for
rice, wheat and a strong trend in growth in horticulture and animal
husbandry.
IIP output growth showed a massive decline of 5.7 per cent in
October, a sizeable recovery in November (6.6 per cent), with
however a low reported growth in December of 1.8 per cent. In
the month of January, 2012 IIP figures had registered output
growth of 1.1per cent (revised from 6.8per cent due to error in
recording sugar production). However, in the month of
February,2012 factory output growth had shown a significant
improvement by recording 4.1per cent growth. Leaving capital
goods, the IIP Y-O-Y growth rate is estimated to be around 5 per
cent in the year 2011-12.
Mining and quarrying sectors are likely to report negative growth
(-2.2per cent as per AE) for 2011-12 on account of weak coal
output growth, restrictions imposed on iron ore production, decline
in natural gas production and negative growth in crude oil output.
Electricity sector has performed well. It is expected to grow at
8.3 per cent during 2011-12.
Manufacturing and construction have been sluggish during
the first three quarters of 2011-12. The overall growth rate is
expected to be 3.9 per cent and 6.2 per cent respectively.
Manufacturing output, which constitutes about 76per cent of
industrial output, grew 4.0per cent in February compared with an
annual 1.4per cent growth in the previous month. Production of
consumer durable goods shrank 6.7per cent in February from a
year earlier. Consumer goods contracted 0.2per cent during the
same period. Capital goods production, a proxy for investment,
recorded its first growth in six months expanding 10.6per cent
from a year earlier.
Services sector had experienced a strong growth of 9.6per cent
in the first half of the 2011-12 and is expected to grow at 9.4 per
cent for the full year 2011-12.
|·rc ·r -|~| +| |-|·{||·-| ·||«|| ·r| r |·| 2011-12 ·| ,·|·| 8.3
.|||·|| +| ||; r|-| +| ·|·|||-|| r
|·| 2011-12 +| ·|r-|| ||-| ||·|||r|| + ·|·|-| |·r|-r-rr ºr {·r
ªr|--r-rr ºr -|~| ·| ·|·| ·r| r ,-| ·|-|| -|~|| ·| +·|·|: 3.9 .|||·|| ·|
6.2 .|||·|| +| ·|·|·| ·|||; ·· r|-| +| ·|·|||-|| r |||-|·||·| ··||·
·| , ·|| ~|·||·|+ ··||·-| +| -|·|·|·| 76 .|||·|| r, |·|·-| ·|r|-| +|
1.4 .|||·|| |||·|+ ·|||; +| |-|-|| ·| +·|·| ·| 4 .|||·|| ·|||; r,
|·+|+ ·{|·||-| |·|~| + ··||·-| ·| |·|·-| |·| +| |-|-|| ·| +·|·|
·| 6.7 .|||·|| +| +·|| r , ··|| ~||·| ·| ·{|·||-| |·|~| + ··||·-|
·| 0.2 .|||·|| +| +·|| r , {|·||·|| ·||-| + ··||·-| ·| , ·|| |-||·| +|
.||||-||·| r , ·r ·|r|-| ·| ·|r-|| ·|||; ··| +| ·|, ~|· ··|·| |·|·-| |·|
+| |-|-|| ·| 10.6 .|||·|| +| ·|||; r,
ªr ·rr -|~| ·| |·| 2011-12 +| .|·|·| ··||r| ·| 9.6 .|||·|| +| |·|
·|||; r, ~|· |·| 2011-12 ·| ·|· |·| 9.4 .|||·|| +| ·|||; r|-| +|
·|·|||-|| r
|·r< ºr| -r ·r·rr-r :
|·| 2011-12 +| ·|r-|| ··||r|,
||-| ·|||| ·||·| (·||·÷|) + |-|·
·| +·+|-||-| ·| · ·r| ~| · |r
·|+-| · ·|| ··||· +| ~| ·||-| 3.6
.|||·|| (|||·|+) ·r| |·| 2011-
12 ·| 3.6 .|||·|| ||-| ·|||| ·||·|
·r-| +| ~-| ·||-| r |||·|·|
|·|~| ~|· ·||| + |-|||| ·|
|·|| ·| +·|| r|-| + +|··| ··|
+| ||-| ·|||| ·||·| ~- ·|·-|··| ·|·
·| -|·|·|·| ·|·|-|| r| ·||| ~|· |r
|·|·-| |·| + 10.1 |·||-||-| ÷|-|·
·| ·|«+· 19.6 |·||-||-| ÷|-|· r|
·|||, ·|·||+ ~|||| ·| |·| ·||| ·|
||; r,
External Payments:
Current Account Deficit (CAD)
had experienced a critical phase
by averaging at 3.6 per cent
(annualized) of GDP in the first
half of 2011/12. CAD for 2011-12
is projected to be 3.6 per cent.
The country’s current account
deficit (CAD) nearly doubled in
October-December and rose to
$19.6 billion from $10.1 billion a
year earl i er, due to a sharp
sl owi ng i n merchandi se and
servi ces exports, whereas,
imports grew at a rapid pace.
The decline of the rupee vis-à-vis the US dollar was 19 per cent
in the course of April–December 2011. However, there has been
some recovery in the course of January and February 2012, with
the rupee recovering by about 7.5 per cent. In the year 2011-12
the nominal depreciation of rupee against the US dollar was by
about 13 per cent.
Fiscal Deficit & Reserves:
Fiscal deficit in the year 2011-12 is
expected to be 5.9per cent of GDP
while that in 2010-11 was 4.9per cent.
Rising fiscal deficit and short-term
debt levels were the major challenges
for the fiscal policies. Forex reserves
had reduced from USD 304.8 bn in
March,11 to 294.4 bn in March,12. As
on Dec, 2011External debt to GDP
ratio and Short Term debt to total debt
ratio had also increased over the
previous financial year and stood at
20per cent and 23.3per cent,
respectively.
~.|-|-|··|·|· 2011 + ·|·|-| ~·|·|+| ÷|-|· +| |-|-|| ·| ··|| ·| 19
.|||·|| +| |·|·||· ~|, |·|||·|, ·|-||·| ·| +·|·| 2012 + ·|·|-|
|··||| ·| +· ·|·||· ~||| ~|· ··|| + ·|-| ·| -|·|·|·| 7.5 .|||·|| +|
||; r, |·| 2011-12 ·| ~·|·|+| ÷|-|· +| |-|-|| ·| ··|| +|
·||+||+ ·|-|»|·| -|·|·|·| 13 .|||·|| ·||
~.|-|/Apr11 ·|-||, /Jul11 ~- ·|·/Oct11 ·|-||·|/Jan12 ~.|-|/Apr12
44
46
48
50
52
54
=r -rº ·r-rr-r =·r·rr
Dollar vs Rupee
ºr»r+r ·r|·r ·rrcr {·r ¤rº|=r·r|
|·| 2011-12 ·| ·|+-| ··|| ··||· +|
5.9 .|||·|| ·|·|+|·||| ·||·| ·r-| +|
~-|·||-| r ·|·||+ |·| 2010-11 ·| |r
4.9 .|||·|| ·|| ·|·|+|·||| ·||·| ~|·
~-·||||·| ~·| ·| ||; ·|·|+|·||| -||||
+| .|·| ·| | -|| |||| ·|| ||· ·|| ·| -|
~|·|-||||| ·||| 11 + 304.8 |·||-||-|
~·|·|+| ÷|-|· ·| ·|·+· ·||| 12 ·|
294.4 |·||-||-| ~·|·|+| ÷|-|· ·r ·|,
|··|·|· 11 +| |··||| + ~-|·||· ·|+-|
··|| ··||· ~-|·||| +| |-|-|| ·| ||··||
~·| ~|· +-| ~·| ~-|·||| +| |-|-|| ·|
~-·||||·| ~·| ·| ·|| |·|·-| ||·||| |·|
+| |-|-|| ·| ||; r, ~|· | +·|·|: 20
.|||·|| ·| 23.3 .|||·|| r| ·|,
Fiscal deficit (per cent of GDP)
ºr»r+r ·r|·r ·rrcr (ªr+-r < ºr| =··rr< +r ir|·rºr·r )
!
Inflation:
WPI inflation which remained
above 9 per cent for nearly two
years has moderated significantly
to below 7 per cent by March, 2012.
Non-food manufactured products
inflation has dropped from a high
of 8.4 per cent in November,2011
to 4.7 per cent in March, 2012,
actually coming below 5 per cent
for the first time in two years. Much
of the inflationary pressure came
from demand gap in primary foods,
including cereals in the initial
months. Headline inflation has
shown decline since November,
The 10-year benchmark government security yield remained
range-bound during the first half of 2011-12. The 10-year
benchmark yield was at 8.6 per cent on April 13, 2012 as
compared wi th 8.0 per cent at end-March 2011.
Export – Import:
India's exports crossed USD 300 billion in 2011-12. Despite lower
export demand from traditional markets and Eurozone crisis,
outbound shipments grew in new markets of Latin America and
Africa. During the same period imports had shot up by 38 per
cent to USD 485 billion over the previous fiscal mainly due to
high crude oil prices and huge demand for gold and silver. The
maximum imports were of crude oil--USD 150 billion, while gold
and silver contributed to USD 60 billion. India is world's largest
gold importer. Consequently, the trade deficit is estimated to have
wi dened to USD 185 bi l l i on from USD 104.4 bi l l i on i n
2010-11.
Foreign Direct Investment (FDI):
Total flow of financial resources to the commercial sector was
marginally higher at ` 12.7 trillion during 2011-12 as compared
with ` 12.4 trillion during the previous year, mirroring tight liquidity
conditions and higher cost of borrowings from banks, corporates
increased their recourse to non-bank sources, especially foreign
direct investment (FDI) and commercial paper.
|·| 2011-12 +| ·|r-|| ··||r| + ·|·|-| 10 |·||| ·|·+|·| .|||·|||
·| -|-||·| ~|| |-|·|||·| ·||·|| + ·|||· ·r| 10 |·||| ·|·+|·|
.|||·||| ·| -|-||·| ~|| ·||| 2011 + ~| +| |··||| + 8.0 .|||·||
+| |-|-|| ·| 13 ~.|-|,2012 +| |··||| + ~-|·||· 8.6 .|||·|| ·r|
¤r·rr·r-|-r·rr ·r :
·||·| +| |-|||| |·| 2011-12 ·| 300 |·||-||-| ~·|·|+| ÷|-|· ·| ·||
~|·|+ r~| {|··|·|·|| ·||·||· ·| |-|||| +| +·| ·||·| r|-| ~|· |·|·||-|
·|+· + ·|||·|· -||||-| ~·|·|+| ·| ~+|+| + -|· ·||·||·| ·| ·|||
,|·| ·||r· ·||-| ||-| ·||-| ·| | |; r , ··|| ~||·| ·| ·| ·||: +|
|-| + ~|·|+ ·|-| ~|· ·||-| ·| ||·| +| ~|·|+ ·||·| + +|··| |·|·-|
·|·|+|·||| |·| +| |-|-|| ·| ~|||| ·| 38 .|||·|| +| ||; r, ~|·
|r 485 |·||-||-| ~·|·|+| ÷|-|· |+ ·|r| ·||| ~|·|+|·| ~||||
150 |·||-||-| ~·|·|+| ÷|-|· + +| |-| ·| 60 |·||-||-| ~·|·|+|
÷|-|· + ·||-| ·| ||·| +| |+|| ·||| ·||·| ·|·||· +| ·|·|·| ·|·|
·||-| +| ~||||+ ··| r {||··||·|·|¬ ·| ||·||· ·||·| |·| 2010-11
+ 104.4 |·||-||-| ~·|·|+| ÷|-|· +| |-|-|| ·| ·|«+· 185 |·||-||-|
~·|·|+| ÷|-|· r|-| +| ~-|·||-| r
ir··r=r |·r< ºr| |-r·r ºr ({+=|¤r
:
|||·|·| -|~| +| ||·||| ·|·||·|-|| +| +-| .|||r |·|·-| |·| + ` 12.4
|·|-||-| +| |-|-|| ·| ·||·| ·|«+· |·| 2011-12 + ·|·|-| ` 12.07
|·|-||-| ` r| ·||| ·|| +|· -|+·| |-||·| |··||| ~|· ·|+| ·| ·||·
·||·| ·· ·|· ··||· |-||| ·||-|| ··|||| r +|··||·· -|~| -| ·|+ ·| ,|·
·|||, ||·|·|+· .||-| ||··|| |-||·| ·| |||·|·| ·|~| +| ·|r|·| -|+·
~{|-| ||·||| ·|·||·|-|| ·| ||; +|
2011 and more strongly in January, 2012. Wholesale price index-
based inflation, was at 6.95per cent in February after falling to a
two-year low of 6.55per cent in the month of January, 2012. Food
articles inflation, which was 8.1 per cent during April-December,
2011, briefly turned negative in January, 2012 reflecting the
seasonal decline in food prices, particularly of vegetables,
combined with a high base effect. However, it increased sharply
to 6.1 per cent in February and further to 9.9 per cent in March,
2012.
·rr+ -r¸-·r ªr¸-r+r+ (per cent) / WPI (per cent)
+-+c / Comfort 5-5.50
~
.
|
-
|
/
A
p
r
-
3
0
·
|
,
/
M
a
y
-
3
1
·
|
-
|
/
J
u
n
-
3
0
·
|
-
|
|
,
/
J
u
l
-
3
1
~
·
|
·
|
/
A
u
g
-
3
1
|
·
|
|
·
|
·
/
S
e
p
-
3
0
~
-
·
|
·
/
O
c
t
-
3
1
-
|
|
·
|
·
/
N
o
v
-
3
0
|
·
·
|
·
|
·
/
D
e
c
-
3
1
·
|
-
|
|
·
|
/
J
a
n
-
3
1
+
·
|
·
|
/
F
e
b
-
2
9
·
|
|
|
/
M
a
r
-
3
1
-r crª+||·r :
·|| + ·| -| ·| |+| + ·| ·| ·| |·|| ·| -|·+|||
·| , ·|| +·|·| ·| |·| |+ 9 .|||·|| ·|
~|·|+ ·r|, ·--|·|-||| +·|| ~|, ~|·
|r ·|||, 2012 +| |··||| + ~-|·||·
7 .|||·|| ·| ·|| +·| r| ·|, ·||·|·
|||-||·|| ··||· ·| ·|·||·|| ·|-|·+|||
-||·|·, 2011 + 8.4 .|||·|| ·| ·|·+·
·||| , 2012 +| |··||| + ~-|·||· 4.7
.|||·|| ·r ·|, ~|· |·||: ·| |·|| ·|
·|r-|| ·||· |r 5 .|||·|| ·| ·|| +·| r|
·|, ~|·|+|·| ·+|||+|·+ ··||| .||··|
+ ·|r|-|| ·| ~-||·| ·||r| ·| -| ·||· |·| ~|
+| ·||·| ·| ·|r| ·|· ~|· ·| ~||| ·||·|
·|-|·+||| -||·|·, 2011 ·| +·| r|-| -|·|| ~|· ,·|·| ·|·|·| ~|·|+ +·||
·|-||·|, 2012 ·| ~|, ·||+ ·|-| ·||+|+–~|·|||·| ·|-|·+|||
·|-||·|,12 ·| ·| -|·| ·| ·|·|·| +·| ||-|| 6.55 .|||·|| r|-| + ·||· +·|·|
·| 6.95 .|||·|| r| ·|, ·||· |·|~| ·| ·|·||·|| ·|-|·+||| ·| , ·|| ~.|-|
–|··|·|· 2011 + ·|·|-| 8.1 .|||·|| ·||, ·|-||·|, 2012 ·| ·|| ·|·||
·||· |·|~| , ||·|·|+· ·||··||| + ·|-| ·| +·|| r|-| ·| ·| ~|·||·
.|·||| + +|··| +|+| +·|| ~|, |·|||·|, ·|-|·+||| |·|| ·| ·|«+·
+·|·| ·| 6.1 .|||·|| ~| · ·|||, 2012 ·| 9.9 .|||·|| r| ·|,
"
Year-on-year inflation for manufactured goods rose from around
5 per cent in September, 2010 to 8 per cent during September
and October, 2011. In the closing part of FY 2011-12 it had shown
an indication of easing by recording non-food manufacturing
products Y-O-Y inflation as 6.7per cent and 5.7per cent in Jan.and
Feb., 2012, respectively.
-rr |c+ -r||·r :
·||.|·.·|+ -| ·|||,2010 ·| 13 ·||·
.|·|·| -|||| ··| ·| ||; +| r ·|||
2012 +| |··||| + ~-| ·||· |-||-||·|
·|·|||| ·|-| ·| ||·|| + ~·||-| ·| -|·| ·|·
··, .||| ·|-|·|·|· ·· ·| ·||·|||
··|||| ·| ||·|| ·· +·|·|: 8.5
.|||·||,7.5 .|||·|| ·| 9.5 .|||·||
·|| ·||.|·.·|+ -| |·| 2011-12 ·|
~|·|-|| -|+·| |-||·| ~-|·||| 50
~|·||· ~+ (|··|·|· 2011) ~|· 75
~|·||· ~+ (·|-||·| 2012) +| ·|
|+·|| ·| 6 .|||·|| ·| ·|·|+·
4.75 .|||·|| +· |·|| r +·|·|,2012 ·| ·|+ ·· +| 6 .|||·|| ·|
·||·|||| +· 9.5 .|||·|| +· |·|| r |·| 2011-12 ·| ·|||||·|+
|-||-||·| ~-|·||| ·| ·|| 1 .|||·|| +| +·|| (25 .|||·|| ·| 24 .|||·||)
+| ·|, r
·r |+·r ·r|·r|·r|·r·rr :
»r-rrºr|ºr -r ·r |q
·||·||| ·|+| +| ·|·||·||·| ·| 17.4 .|||·|| +| ||; r, ~|· |r ·|«+·
|·| 2011-12 ·| 61.12 |·|-||-| ··|| r| ·||| ·|| ·||.|·.·|+ ,|·|
~-|·|||-|| 17 .|||·|| ·| ~|·|+ r ·|·||+ |·| 2010-11 ·| ·|·||·||·| ·|
16.58 .|||·|| +| ||; r, ·|·||·||·| ·| ||; +| +|··| |·|·-| ·| |·|
·| ~|·|+ ·|·|| |+ ·r| ·| ·|-|·+||| ·· ·| +·|| r|-|| ·||
=ºr ºr|ºr -r ·r |q
~|·|·| ·| 19.3per cent +| ||; r, ~|· |r ·|«+· ` 47.05 |·|-||-|
·. r| ·||| ·|| ||·||| |·| 2011-12 + |-|· ·||.|·.·|+ ,|·| ~-|·|||-|| 16
.|||·|| ·| ~|·|+ r ~|· |·|·| +--|| ·|+ -| ~.|-| 2011 + ~{|-|
|||··| ·| ·|||·|| ·|-||·| + |-|· ~{||-|| -|||| +| ·|·||-|| ·| ~{||-| ~|·|·|
+| ||; + ~-|·||-| +| 18 .|||·|| ·| +·| +·+ |+|| ·|| ·||·|·
~·| ·| ||; |·| 2011-12 + .||··| + 22.1 .|||·|| ·| ·|·+· +·|·|,
2012 ·| 15.4 .|||·|| ·r ·||| ·|| ~||·|+ |+||+-||·| ·| +·|| +|
··|| || r |·|||·| |r ·|«+· ·||| ·| 16.8 .|||·|| r| ·||| ·|| 16
.|||·|| + |-|··|| ~-|·||-| ·| ~|·|+ r
=ºr–»r-rr ¤-r ·rr·r
·||·||| ·||+·| -|~| +| ~ ·|-·|·|| ~-|·||| ·||| , 2011 + 75.7 .|||·||
+| |-|-|| ·| ·|||, 2012 ·| 76.97 .|||·|| r| ·|||
-r cr ¤r·r¸ |·r ({-r 3)
··|-| ·|-| ~|·||| ||-|| ··| 3 ·| ·|||,2012 +| |··||| + ~-|·||· (|·|–
··-|·|) 13.0 .|||·|| +| ||; r, ·|| ·||| ,2011 + ~| +| |··||| +
~-|·||· 16.0 .|||·|| +| ||; ·| +|+| +·| r |+-|r|-| ·|-| ~|·||| ·|
250 ~|·||· ~+ +| ||; r, r ·|| |·| 2011-12 + |-|· |-|·|||·|
15.5 .|||·|| + ·|||-|·||-| ·| +·| r ~|· ·|| ·r·r + ¤|·r+r ºr -rr·r -r
irr·r|-r+ -r-r|-r|·r + -r r·r rr -r ¤r º =ºr +| |-r--r·rº -rr ·r +r <ºrr ·rr
r
Monetary Policy:
RBI has raised the key policy
rates for 13 times since March,
2010. As on March, 2012 under
the Liquidity Adjustment Facility
the Repo, Reverse Repo and
Marginal Standing Facility rates
were 8.5per cent, 7.5per cent and
9.5per cent, respectively. RBI has
reduced the CRR from 6per cent
to 4.75per cent in the year 2011-
12 in two instalments of 50 bps
(Dec., 2011) and 75 bps (Jan.,
2012). Bank Rate has been
changed from 6per cent to 9.5per cent in February,2012. SLR
also was slashed by 1 per cent (25per cent to 24per cent) during
the year 2011-12.
Banking Developments :
Deposit Growth
Deposit growth at Indian banks stood at 17.4per cent to 61.12
trillion rupees in the year 2011-12, which is marginally higher
than the RBI's projection of 17per cent, whereas, the deposit
growth in the year 2010-11 was 16.58per cent. Reason behind
the sign of improvement in growth of deposit was due to soothing
of high inflation rate spread over the last two years.
Credit Growth
Advances grew by 19.3per cent to 47.05 trillion rupees, higher
than the 16per cent projected by the RBI for the financial year
2011-12. The central bank had scaled down its advances growth
projection in its January policy review from 18 per cent announced
in its April, 2011 statement. Non-food credit growth decelerated
from 22.1 per cent at the beginning of 2011-12 to 15.4 per cent
by February, 2012 reflecting slower economic activity. However,
it picked up to 16.8 per cent in March, higher than the indicative
projection of 16 per cent.
Credit-Deposit Ratio
Credit deposit ratio (CD ratio) of Indian Banking sector has stood
up to 76.97per cent in March,, 2012 from 75.7per cent in March,,
2011.
Money Supply (M3)
The Broad Money Supply, i.e., M3 grew by 13.0per cent (y-o-y)
as on March,‘12 – way below its growth of 16.0per cent at end-
March, 2011. The money supply growth at present is 250 bps
lower than its projected trajectory of 15.5per cent set for the year
2011-12, mirroring tightness in primary liquidity and lower
credit demand during most part of the year.
|||-||·|| |·|~| ·| ·|·||·|| |·| -··-|·| ·|-|·+||| |·||·|·, 2010 +
-|·|·|·| 5 .|||·|| ·| ·|«+· |·||·|· ~|· ~-·|·, 2011 ·| 8 .|||·|| r|
·|, ||·||| |·| 2011-12 + ~| ·| ·|-|·+||| ·| +· +·|| ~|, ~|·
·||· |· |||-||·|| ··||· ·| ·| ·|| |·|-··-|·| ·| -|·+||| ·|-||·| ·| +·|·|,
2012 ·| +·|·|: 6.7 .|||·|| ·| 5.7 .|||·|| r| ·|,
¤r+= -r
|º·rªr |º·rr
|º·rr <º
»r-r ¤ir-r
#
-r-r|-r|·r +| |ª·r|·r
{|· |·| 2011-12 ·| |-||-||·| +| |··||||| ·||· + «·| +| ·r| r|-|||+
-||·|· 2011 +| ·|·~|| ·| |-||-||·| ·||·| ·|+| +| |-||-| ·||·| ·|
·||||·| ·|||~| (·-|÷|·|·-|) + (+)/(-) ·+ .|||·|| + ·|||·| ·|· +
·|· r| ·||| ·|-|+ |-||-||·| ·|·||||·|-| ·|||·|| (·-|··+) + ~|·||
·||r· ·| ·|·| ·|, ~|·||-| |-||-| |-||-||·| +| ·||·| ~.|-|-|·||·|·,
2011 + ·|·|-| -|·|·|·| 0.5 |·|-||-| ` ·| ·|«+· +·|·|, 2012 +
·|·|-| -|·|·|·| 1.4 |·|-||-| ` r| ·|, ~|· ·||| , 2012 + ·|·|-| |r ·||·|
~|·| ~|· ·|«+· 1.6 |·|-||-| ` r| ·|, |r ~·||: ·|·+|·| -|+·| ·|·|
+| ·|-|·| ~||··||| +| ··|||| r |-||-||·| +| +·|||· +| +·| +·-|
+ |-|· |··|| ·|+ -| ~|· ~|·|+ |··|· .|+|| +| .||·||·|+ |-||-||·|
·|·-| + |-|· +··| ·|| -||·|·, 2011 ~|· ·|||, 2012 + ·|·|
··|-| + -| -|·|·|·| 1.3 |· |-||-| ` + ·| -| ·||·||· + ·||·||-|-| (~| ··|~| )
|+| ,·|+ ~-|||| ~|·|-|| -|+·| |-||·| ~-|·||| (·||~|·~|·) ·| 125
~|·||· ~+ +| +·|| ~|, (50 ~|·||· ~+ 28 ·|-||·|, 2012 ·| .|·||||
·| 75 ~|·||· ~+ 10 ·|||, 2012 ·| .|·||||) |·|·|+ +-|·|¬ ·| ·|·|
·|, .||·||·|+ |-||-||·| +| ·||·| -|·|·|·| 0.8 |·|-||-| ` r| ·|, ·|·+|·|
-|+·| ·| ·| ·| | - r| +· ,-| ··|||| +| -||·| +·-| +
+-|·|¬ ·| ·-|··+ + ~|·|| ·|·| ·|, |-||-| |-||-||·| +| ·||·|, ·||
30 ·||| , 2012 +| 2.0 |·|-||-| ` |+ ·|r| ·|, ·||, 13 ~.|-|, 2012
+| ,·|·| 0.7 |· |-||-| ` +| ·||·| +·|| r ,
Liquidity Condition
Liquidity conditions remained in a deficit mode throughout 2011-
12. However, beginning November, 2011, the liquidity deficit went
beyond the comfort level of (+)/(-) one per cent of net demand
and time liabilities (NDTL) of banks. Average net injection of
liquidity under the daily liquidity adjustment facility (LAF) increased
from around ` 0.5 trillion during April-September, 2011 to around
` 1.4 trillion during February, 2012 and further to ` 1.6 trillion
during March, 2012, partly reflecting a build-up in government
cash balances. In order to mitigate the liquidity tightness, the
Reserve Bank took steps to inject primary liquidity of a more
durable nature. It conducted open market operations (OMOs)
aggregating around ` 1.3 trillion between November 2011 and
March 2012. Further, the cash reserve ratio (CRR) was reduced
by 125 basis points (50 basis points effective January 28, 2012
and 75 basis points effective March 10, 2012), injecting primary
liquidity of about ` 0.8 trillion. Reflecting these measures,
combined with decline in government cash balances, the net
injection of liquidity under the LAF, which peaked at ` 2.0 trillion
on March 30, 2012, declined sharply to ` 0.7 trillion on April 13,
2012.
2. Economic Outlook 2012-13:
Trend of Global GDP Growth
2. ¤r|·r+ ¡|·c+r ºr 2012-13:
·r |º·r+ ªr+-r < ºr| =··rr< (»r|=|·r|) ªr ·r |q +r ==r
Emerging and developing economies
=--r·r ¤·r ··r·rª·rr{
Advanced economies
|·rº·r/World
=rr ·r: ¤r;{-r{+ ªcr+ ¤-r-rr-r
Source : IMF staff estimates.
=-rº·r| {·r |·r+rªrr--r=r ¤·r··r·rª·rr{
||·|·|-| 2012-13 +| ~||·|+ ·||·|··||| + ·||· ·| ·||+ ¡|··+|·|
~·|-||| r· ·|| ~|·||||·| r ||·|+ |·|-|| +| |·| -|~| ·| ·|«| |-||||
~|· ·||~| +-|| |-|:·|-||~| ·| ·||·| r ||·||| |··||||| |·|·|÷ ·|, r ,
||; +| ·|·|||-||· +·| r| ·|, r, |-|·-|·||·|| ·|| |·|·| ·|« ·|, r | ·||+
··||·-| ·|| ·||·|| r| ·||| r ·| |r 2012 ·| ·|«+· 3.25 .|||·|| r|
·||-| +| ~-|·||-| r ··|·|| ~|· ||+|·||-·|·| ~·|||··||~| +| ·|||;
·|| ·||·|| ·|·-| +| ~|·|+| r +|||+ ·||r·| |||||··| ·|r| ·|·|·| r| ·r|
r ~|· ~|||·+ ·||·| +·| r| ·r| r ·||·|+· ·||+·| -|~| +| r||-||| ~|·
||·||| |··|·|| ·| ·|·| ||||~| -| ~-|+ |·| -|~||| ··|| + ·|||·| ·.|÷
+| ||·|| +· |·|| r , |·|-r|-| | +||,|| .||·| +| ·|| ~||·|+ ·|
·|||-+ ||-||-| +| ··||·|-|| + ·|·|| ·| -|r| ··|| ·|, |·| -|~| ·| ·|+
|-|·|||-| r· |·r ·| ·|||·| r| ·||| |·|·|·| |·||·||-| ·|·-| ·|+ (,·||·||)
+| |~||·||| ·|·|+|-||-| ·|-|||·| ·||·||-|-| (·-|·|~|·~|) +| .|·|||
+·-| +| ~|·|· |·|-|| ·|-| ·||·||· ~|··|· ·r +|||+ ·||·||-|| |-| +|
·|-| ·|«| ·| ~-|+ ··|·|| r, ·||·||· ·|-|~| ·| ·||·|| ~|·|-|-| r~|
Experts are cautiously optimistic regarding the economic outlook
of 2012-13. The global recovery is threatened by intensifying
strains in the euro area and fragilities elsewhere. Financial
conditions have deteriorated, growth prospects have dimmed,
and downside risks have escalated. Global output had also slowed
down and is projected to expand by 3.25 per cent in 2012. Growth
in emerging and developing economies is also apprehended to
slow because of the worsening external environment and a
weakening of internal demand. Specifically, concerns about
banking sector losses and fiscal sustainability widened sovereign
spreads for many euro area countries, which reached highs not
seen since the launch of the Economic and Monetary Union.
Bank funding all but dried up in the euro area, prompting the
European Central Bank (ECB) to offer a three-year Long-Term
Refinancing Operation (LTRO). Currency markets were volatile,
as the Japanese yen appreciated and many emerging market
currencies depreciated significantly. In FY 2012–13, growth in
$
||·||| |·| 2012-13 ·| ··|·|| ~|· ||+|·||-·|·| ~·|||··||~| ·|
~|·||-| 5.75 .|||·|| +| ·|||; +| ~|·|| r ·|| |·| 2010-11 + ·|·|-|
··| 6.75 .|||·|| +| ·|||; ·| |·| 2011-12 r| ~-|·|||-|| 6.25
.|||·|| +| ·|||; ·| +|+| ·||·|| r
-rrº·r|·r ¤·r ··r·rª·rr
|·| 2012-13 ·| ~·|||··|| -|·|·|·| 7.6 .|||·|| ·||; r|-| +| ·|·|||-||
r |·| 2012-13 ·| ·|+-| ··|| ··||· (·||÷|·||) + 1.5 ·| 2.0 .|||·||
~+ ·|·||· +| ···||· +| ·|| ·|+|| r +|·|| |··|·|| ·|| ··|·||·| ·||·|
+| ·||·||-| +··|| +·|·||· ·|-| + +-|·|¬ ·| |-|||| ·||·| +| ·|·|||||
·| ·|·||· ~|-| +| ~|·|| r |·|||·| |-||·| ·| ||·||| ·|||| - ·|-|| ~|· ·|
·| ||·||· -|~| ·| +|+| ·||··||·| ··|· ·|+| r |·|-|+| |+·|·|| ···||·
·|| +| ·|| ·|+|| r
~|·||·-·|·|-|| ··|-|··||| +| ~·|||·||| ··| ·|· ·| ~||·|+ ·||||||·| +
||·||· +| ~|·; +· ·r| r ··|| ·|·|||-|| r |+ +·|| | ·|·+ |-|·||·|
·| |·| 2011-12 r| |-|·|||·| -|-| .||·| |+· ·|| ·|+·| |r ~|·|| +|
·|||| r |+ ·|·+|· .|·|·| ·||-|||·| -|~|| |·|| ·||·||-|-||·|+ +|| -
|-|··||·-| ,-| ·|-|| ·| -|·||| ·|·|-| + |-|· |·| 2012-13 ·| ·|r||+|-||
-|-| |-|·|||·| +··||, ||·|·||: +||-|| -|~| ·| – |||+ |·| 2012-13 ·|
~||·|+ ·||||||·| +| ·|«||| |·|-| ·|+
·|-| ·+|||+ ··||| |·| 2012-13 ·| |·||·|-| ·|-|| ·r·|| ·| |r |·|
2012-13 ·| 5-6 .|||·|| + ~|·|·||·| ·r·|| ~|·|| r |+ ·|·+|· ·||·
·|·|·|| +| +|·||| ·|· +·| -|·|· ··|·|| ~|· -| +|-| ··||·-| ||; +|
.||·|||r| +·-| + |-|·, ·||-+ ||· ~|-|||| ¬ ·| ·| -| r|-| ·|· ·||, +·|-
·|-+·| ·|·||-| ¬ ·| ·| , {||| ·| ·||· ~|||·||r| ·| ··|-··||| -|·|+ +|
+|||-||-| ·||-|·||| +·-| r| ··| ·||+| +··| ·||·|| ·|| ·|«|| ·||·|
~|· ·||·|||-|| ·| ·|·|·||-|-| ··||·| + ··||·-| + ·||·| -||| +· ·|+
|·| 2012-13 r | ||-| ·|||| ·||·| (·||·÷|) 3.0 .|||·|| r| ·|| |·|||·|
·|·+|· ·||·÷| +| ·|·||||·| +| |-|-|| ·| ·|+-| ··|| ··||· (·||÷|·||)
+ 2.0 ·| 2.5 .|||·|| + ·||| ··|-| ~|· |r| |+ ·|||·|| ··|-| +|
.|||·| +··|| ·|·||·|| -|·| + ·|-| ·| |r ~|·|| +| ·|||| r |+ ·|·||
~|·|·|-| +| , ||·|·|+· ,|+|·| + ¬·| ·|, .||·|||r| |+|| ·||··|| ~|·
·| -|·| | ·|·||···|| ~||·|+ |··|·||, ~·|| | ·| -|, |||-|·|| ·· ·| ·|·|+| ·|||
·|·| ·||r| |-||·| ·| ·|||; + |-|· ··|| |··||||| +| ·|·||·| ·||··||
II. 2011-12 ·r + +r +r·r |-r··rr<-r
3. ·r¸ +r +r -r c·r+
{rrº ·r|º+ -r c·r+
·|||, 2012 +| |··||| + ~-|·||· r·||· 8 ·|+-| +|||-||, 36 ~|-|
·| 2394 ·||·||· r |·|-|·| ||· ||··|| ·||·||· , |·|·||·|· ·| r|·|-+|·| ·|
·|-·|, ·|||·|-| r ·|||, 2012 +| |··||| + ~-|·||· ·|+ ·| ||-| ||·||·
·|·-| r |·| 2011-12 + ·|·|-| ·|+ -| ·|-||·||| ·| ||-| |··|| ~·|-|
·| .||||-||·| +|||-|| ·|· +· |·· r
·|+ -| |·| 2011-12 + ·|·|-| 188 ºrr=rr{ =rr -r+º ~·|-| ~|·|-|
·||·||| -|·|+ +| ·|·|·|| |+|| r , |·|·|·| ·||·||~| +| +-| ·|·||
·|||, 2011 +| |-|-|| ·| 2202 ·| ·|||, 2012 ·| 2390 r| ·|, r |·|
2011-12 + ·|·|-| ·||-|| ·|, ·||·||~| ·| ·| 23 |·|·-V ·| 20 |·|·-
VI + -| ·| ·|
emerging and developing economies is expected to be 5.75 per
cent on an average, a significant slowdown from the 6.75 per
cent growth registered during 2010–11and 6.25per cent projected
for the year 2011-12.
Indian Economy:
In the year 2012-13 the economy is likely to grow at around 7.6
per cent. An improvement of 1.5 to 2.0 percentage points of GDP
can be envisioned in 2012-13. Price stability will also normalize
consumption demand. The weaker currency is likely to improve
the prospects for export demand. However, there is a fairly wide
range of outcomes both on investment side, on the financial side
and on the trade front that may be reasonably envisaged.
The inadequacy of infrastructure availability continues to act as
a constraint for the expansion of economic activity across the
country. It is likely that the targets set for 2011-12 in power and
roads may be achieved. Government is expected to set ambitious
targets for 2012-13 for both capacity creation in key infrastructure
areas and operational performance, especially in the coal sector,
so that a fillip is provided to the improvement of economic activity
in 2012-13.
Inflationary pressure will continue to ease through 2012-13 and
will remain around 5-6 per cent for the year 2012-13. It is expected
that the Govt. will have a sharp vigil on food prices and take
proactive measures not only to encourage output increase but
equally, if not even more urgently, to ensure the rollout of an
adequate food logistics network that can do justice to the rising
demand for and output of horticulture and animal husbandry
products.
The Current Account Deficit (CAD) for the year 2012-13 will be
3.0 per cent. Govt. will however, try and limit the CAD over the
medium term to between 2.0 and 2.5 per cent of GDP. On the
capital account side, capital inflows especially that in the form of
equity is expected to be encouraged and improve domestic
conditions for investment and growth, along with fundamental
macroeconomic stability, i.e. prices, exchange rate and fiscal
balances.
II. PERFORMANCE OF THE BANK 2011-12 :
3. UCO’s NETWORK:
BRICK and MORTAR Network:
As of March, 2012 we have 8 Circle Offices, 36 Zones and 2394
branches, which include four overseas branches, two each in
Singapore and Hong Kong. The Bank has three extension
counters as of March,2012. The Bank has closed its two
Representative Offices, at Malaysia and China, during the year
2011-12.
The Bank has strengthened its pan-India network by opening188
branches during the year 2011-12, which takes the total from
2202 in March,2011 to 2390 in March, 2012. Out of the branches
opened duri ng the year 2011-12, 23 were i n
Tier-V and 20 in Tier-VI centres.
%
Specialized Branches:
The Bank has a good network
of speci al i zed branches
catering to the specialized or
specific requirements with
specialized skills. The Bank
had consolidated Flagship
Corporate branches from 9 in
March,, 2011 to 8 in March,,
2012 through merger of 1 FC
branch with general branch or
conversion to general branch
·||·||~| + +|| -|-|··||·-| ·|· ·|r|· ·| ·|r-| |-|·|·|-|| ··|-| + |-|·
·|+ -| |·| 2011-12 + ·|·|-| ·+ ~|· ~|-|, -||·||: {|·| ~|-| ·||·|
|·|·|·| ·|+ + ~|-|| +| +-| ·|·|| ·|||, 2011 +| |-|-|| ·| 35 ·|
·|||, 2012 ·| 36 r| ·|, ,·|+ ~-|||| |·| 2011-12 + ·|·|-| ·+
~|· ·|r|·|·| ·||||||·| |r ·|| |+ ·||~| |··|| ~| ·||·||~| +| ·|·|-|·
~|-| ·| ·|·|, ~|-| ·| ··||-||||·| |+|| ·|||
··|| ·||·||~| +| ·|-|·|·|| ·|·||||· |·||+··| -||| |·|| ·||| r:
To have a better and focussed monitoring over the performance
of the branches the Bank had added one more zone, namely
PUNE zone, in the year 2011-12 which takes the total number of
Zones of the Bank from 35 in March, 2011 to 36 in March,, 2012.
Apart from this, another major development during the year 2011-
12 was the transfer of eight branches in Goa, from Bangalore
Zone to Mumbai Zone.
The Population category-wise classification of domestic branches
is given below:
during the year 2011-12, Similarly Mid Corporate branches also
got reduced from 26 in March, 2011 to 16 in March, 2012 by
merger of 10 MC branches with general branches or conversion
to general branches during the year 2011-12, Five new Asset
Management Branches were opened, at Bhubaneswar, Bhopal,
Chandigarh, Lucknow and Patna, during the year 2011-12 to take
the number from 5 in March, 2011 to 10 in March, 2012. Number
of Service Branches increased from 20 in March, 2011 to 22 in
March, 2012. The Bank has designated 70 Personalised Banking
Branches during the year 2011-12, which increases the total
number of Personalised Banking Branches from 217 in March,
2011 to 287 in March, 2012, to boost CASA. As of March, 2012
there is one Integrated Treasury Management Branch at Mumbai.
The Bank had put serious efforts to strengthen its retail business
by opening 13 new Retail Loan Hubs (RLHs) during the year
2011-12 to increase the total number of RLHs from 26 in March,
2011 to 39 in March,12. Further the Bank has launched 12 SME
Hubs during the year 2011-12. Four new City Back Offices were
opened during the year 2011-12, which takes the total number of
CBOs to 76 as of 31.03.2012 and covers 867 branches. Efforts
are on to strengthen them further to cover all the branches. There
had been 62 ultra-small branches launched, to enhance financial
inclusion in the unbanked regions, during the year 2011-12.
Alternative Delivery Channels:
In terms of expansion of network through alternative delivery
channels i.e. through ATM network, the number of ATMs opened
during the year 2011-12 was 256, thereby reaching a total of 864
as of 31st March, 2012, out of which 551are on-site and 313 are
off-site ATMs. The Bank has introduced OPEX model ATMs during
the year 2011-12. Among the total number of ATMs, 773 are of
CAPEX model and rest 91 are of OPEX model. 165 new CAPEX
model ATMs and the entire 91 OPEX model ATMs were opened
during the financial year 2011-12. The Bank has launched two
Biometric ATMs (Murshidabad & Muzaffarabad), for illiterate and
physically challenged persons, where all Biometric Card Holders
will be able to perform ATM transactions.
|·r-r|·r ·r·r;
·||·||·|;
~;-·|r·|;
·|r·|;
·|r|-|·|·||;
|·r-r|·r ·r·r;
·|r·|;
~;-·|r·|;
·||·||·|;
·|r|-|·|·||;
·|r·|;
~;-·|r·|;
·||·||·|;
·|r|-|·|·||;
µÖÖê Ö / µÖÖê Ö /
|·rºr ·r|+ ·r ºrr=rr{ :
||·| ·||+ | ·-||| + ·||·|
||·|·||+| || ||·|·| ·|¬ ·|| +|
·| ·| +·-| + |-|· ·| + +|
||·| ·||+ | ·||·||~| +| ~·|
-|·|+ r ·|+ -| |·| 2011-12
+ ·|·|-| 1 ·+·|| ·||·||~| +|
·||·||-| ·||·||~| + ·||·| ||-||
+·+ || ·-r ·||·||-| ·||·||~|
·| ·||·|||| +·+ ·||| , 2011
·| 9 }-|·||·|·| +|·||·· ·||·||~| +| ·|·|+-| +· ·||| , 2012 ·| ·-r 8
{|· -|| |·|| ·|| ,·|| .|+|· |·| 2011-12 + ·|·|-| 10 ··|·|| ·||·||~|
+ ·||·||-| ·||·||~| + ·||·| ||-|| || ·-|+ ·||·||-| ·||·||~| ·|
·||·||-| ·| | ·|| ·||| , 2011 ·| 26 ·| ·|·+· ·||| , 2012 ·| 16 r| ·|,
·|| |·| 2011-12 + ·|·|-| ·||-|·|·, ·||·||-|, |÷|·|«, -|·|-|+ ·| ·|·-||
·| ·||| -|, ~||·| .|·|·|-| ·||·||· ·||-|| ·|, |·|·|·| ·-|+| ·|·|| ·|||,
2011 ·| 5 ·| ·||| , 2012 ·| 10 r| ·|, ·||| ·||·||~| +| ·|·|| ·||| ,
2011 ·| 20 ·| ·|«+· ·||| , 2012 ·| 22 r| ·|, ·|+ -| +|·|| +| ·|«|||
·-| r| 287 |||-+ ·||+·| ·||·||~| ·| ·| |·| 2011-12 + ·|·|-| 70
|||-+ ·||+·| ·||·||~| +| -|||·|| |+|| r ·||| , 2012 +| |··||| +
~-|·||· ·+ ·+|+| ··|·| .|·|·|-| ·||·|| ·|·|, ·| r
·|+ -| ~·|-| ·|·-| ||·||| +| ·|·|- +·-| + |-|· ·|·||· .||-| +·
|·| 2011-12 + ·|·|-| 13 -|· ·|·-| -||-| r·| (~|··-|·|) ·||-| |·|·|·|
·-|+| +-| ·|·|| ·|||, 2011 ·| 26 ·| ·|«+· ·|||, 2012 ·| 39 r|
·|, ,·|+ ~-|||| ·|+ -| |·| 2011-12 + ·|·|-| 12 ··|··|·| ··|||·||
|+· r |·| 2011-12 + ·|·|-| ||· -|· |·|·| ·|+ ~||+·| ·||-| ·|·
|·|·|·| ·||·||~| +| +-| ·|·|| 31.03.2012 ·| 76 r| ·|, ~|· ·|| 867
·||·||~| +| +|· +·| r ,-r ~|· ~|·|+ ·|·|- ·|-||-| + .|||·| ·||·|
r |||+ | ·|·|| ·||·||~| +| +|· +· ·|+ ·|+ ·|r| -|~|| ·| ||·|||
·|·|||·|-| +| ||·|| +·-| + |-|· |·| 2011-12 + ·|·|-| 62 ~||--|·|
·||·||· .||··| +| ·|, r
·r +|-·r+ |=|-r·rº| -r -r-r
|+|-·|+ |÷|-||·| |-|-| ~·||| {c|{-r -r c·r+ + ·||·|·| ·| -|·|+ +
||·||· + ·||·|-| ·| |·| 2011-12 + ·|·|-| ·||-| ·|· ··|··| +| ·|·||
256 ·|| |·|·|+ +-|·|¬ ·| 31 ·|||, 2012 +| ,·|+| +-| ·|·|| 864
r| ·|, |·|·|·| ·| 551 ··|··| ~| -|·||,· ·| 313 ~|+·||,· r ·|+ -|
|·| 2011-12 + ·|·|-| ~|·|+·| ·||÷-| ··|··| +| ·|·~|| +| r ··|··|
+| +-| ·|·|| ·| ·| 773 +·|+·| ·||÷-| + ·| ·|·| 91 ~|·|+·| ·||÷-|
+ r 165 -|· +·|+·| ·||÷-| ··|··| ·| ·||· 91 ~| ·| +·| ·|| ÷-| ··|··|
||·||| |·| 2011-12 + ·|·|-| ·||-| ·|· ·| ·|+ -| |-|·-|· ·| ·||·||·+
¬ ·| ·| |-|:·|- ||-|| + |-|· ·| ·||||·||·+ ··|··| (·||·|·|·||· ·|
·|·|++·|·||· ·| ) ··|||·|| |+· r, |·|·|·| ·|·|| ·||||·||·+ +|÷·||·+
··|··| ·| -|-|-·-| +· ·|+·|
&
=··rr< |ª·r|·r;AS ON |ª·r|·r/AS ON ªr·r|q/GROWTH
PRODUCT 31.03.2011 31.03.2012 (|·r-r|·r ·r·r -r /in FY 11-12)
{c|{-r +| ªr =·rr / No of ATMs 608 864 256
·r¸+r ·r|)rr =|·rc +r= / UCO VISA Debit Cards 13.31 -||·|/lac 18.93 -||·|/lac 5.62 -||·|/lac
»rrº| +r= / -rrr / Cards issued / month 42148 50819 8671
;-·r |+·r ir·rr ·r+·rr / e-Banking Users 76,561 1,30,497 53,936
The Bank had taken a step forward towards technological
upgradation by launching Mobile banking during the year 2011-
12. UCO m-Banking is now WAP enabled. As of March,12 the
total number of mobile banking users is 15644. Number of Debit
Card issued during the year 2011-12 was 5.62 lac which takes
the total card number from 13.31 lac to 18.93 lac. E-banking
users has increased by more than 70per cent over the previous
year that takes the total e-banking users from 76,561 in March,,
2011 to 1,30,497 in March,, 2012.
4. BUSINESS PROFILE:
During the year 2011-12, the Bank showed a respectable growth
in all the business parameters. Advances figures had shown a
steady upward growth with global advances growing by 16.85
per cent during the year 2011-12 to reach the level of ` 117504
crore as of March, 2012 from ` 100561 crore as of March, 2011.
Global deposit had also shown a positive growth of 6.01per cent
to reach the level of ` 154003 crore as of March, 2012 from `
145278 crore as of March, 2011. Global business had registered
the volume of ` 271507 crore as of March, 2012 from ` 245839
crore as of March, 2011 by securing a respectable growth of
10.44per cent.
·| + -| |·| 2011-12 + ·| ·|-| ·|| ·||,-| ·| |+·| +| ·| ·~|| +·+ .|| ·| |·|+|
·--||-| +| ~| · +··| ·|«||| ·|| | +| ··| ·| |+·| ~·| ÷·-| ··|| ·|·|·|
r ·|||, 2012 +| |··||| + ~-|·||· -rr ·rr;-r ·r |+·r ··|||·|+||~| +|
+ -| ·| ·|| 15644 r |·| 2011-12 + ·| ·|-| ·||·| |+· ·|·
= |·rc +r= +| ·|·|| 5.62 -||·| ·|| |·|·|·| +-| +|÷ ·|·|| 13.31
-||·| ·| 18.93 -||·| r| ·|, r , -·||+·| ··|||·|+|| |·|·-| |·| +|
|-|-|| ·| 70 .|||·|| ·| ~|·|+ ·|« r |·|·|+ +-|·|¬ ·| +-| ;-·r |+·r
··|||·|+||~| +| ·|·|| ·|||, 2011 +| |-|-|| ·| 76,561 ·| ·|||,
2012 ·| 1,30,497 r| ·|, r
4. +rºr ·rrº = ·rº =rr:
|·| 2011-12 + ·|·|-| ·|+ -| ·|·|| |||·||||+ ·||-||·÷| ·| ·|··||-|·|-|+
||; .|·|·|| +| r ~|·|·| + ~|+·| ·| ·+ ··|||| + ·|·|·|| ||; ··||
·|, |·|·|·| ||·|+ ~|·|·| |·| 2011-12 + ·|·|-| 16.85 .|||·|| ·|
·|«+· ·||| , 2012 ·| 117504 +·|· ` + ·|· |+ ·|r| ·|· ·|| ·||| ,
2011 ·| 100561 +·|· ` ·| | |·|+ ·|·||~| ·| ·|| 6.01 .|||·|| +|
·|+|·|·|+ ||; ··|| ·|, |·|·|·| | ·||| , 2012 ·| 154003 +·|· ` +
·|· |+ ·|r| ·|, ·|| ·||| , 2011 ·| 145278 +·|· ` +| ·|| ||·|+
||·||| 10.44 .|||·|| +| ·|··||-|·|-|+ ·|||; r||·|-| +·| r· ·||| ,
2011 +| 245839 +·|· ` +| |-|-|| ·| ·|||, 2012 ·| 271507 +·|·
` r| ·|||
+.ªr . |·r·rººr |·r-r|·r ·r·r/FY 11 |·r-r|·r ·r·r /FY 12 ·r|q/GROWTH
SL NO. Particulars (` +ºr = -r)/(In ` Cr) ªr-r:r/Absolute(PER CENT)
III | |·|+/GLOBAL
(i) ·|·||·||·|/Deposits 145278 154003 8725 6.01
(ii) ~|·|·|/Advances 100561 117504 16943 16.85
(iii) +-| ||·|||/Total Business 245839 271507 25668 10.44
In case of domestic advances also bank had shown a steady
growth of 15.65per cent to reach the level of ` 107840 crore by
March, 2012. Domestic deposit grew by 4.11per cent and reached
the level of ` 142017 crore by March, 2012. Domestic business
also registered a respectable growth of 8.79per cent to reach
the level of ` 249857 crore as of March, 2012.
·|·-| ~|·|·|| + ·||·|-| ·| ·|| ·|+ -| 15.65 .|||·|| +| ··|||| ||; ··||,
|·|·|·| | ·|||, 2012 ·| 107840 +·|· ` + ·|· |+ ·|r| ·|· ·|·-|
·|·||·||·| 4.11 .|||·|| ·|«| ~| · |r ·||| , 2012 ·| 142017 +·|· ` +
·|· |+ ·|r| ·|, ·|·-| ||·||| ·| ·|| 8.79 .|||·|| +| ·|··||-|·|-|+
||; ··| +| ·|, ~|· | ·||| , 2012 ·| 249857 +·|· ` + ·|· ·|·
·|r| ·|·
'
Per branch domestic business of the Bank has reached ` 105
crore as of March, 2012. Per branch domestic deposits has
reached ` 59 crore in the year 2011-12. Per branch advances
figure has improved from ` 42 crore to ` 45 crore during the year
2011-12.
5. PROFITABILITY:
During the year 2011-12, the Bank had shown a higher growth in
net profit, which increased from ` 907 crore in March, 2011 to
` 1109 crore in March, 2012 by recording a growth of 22.27 per
cent over the previous financial year. The net profit in the year
2011-12 was highest in the history of the Bank. The reason behind
the respectable performance was basically the increase in interest
income from ` 11371 crore in March, 2011 to ` 14632 crore in
March, 2012 by recording a Y-O-Y growth of 28.68 per cent.
Operating profit of the Bank had increased from ` 2695 crore in
March, 2011 to 2811 crore in March, 2012, thereby registering a
y-o-y growth of 4.30 per cent. The declining Y-O-Y growth figure
of operating profit was predominantly due to 42.57 per cent
increase in interest paid during FY 11-12.
+.ªr . |·r·rººr Ê´ÉkÉÒªÉ ´É¹ÉÇ/FY 11 |·r-r|·r ·r·r /FY 12 ·r|q/GROWTH
SL NO. Particulars (` +ºr = -r)/(In ` Cr) ªr-r:r/Absolute(PER CENT)
I | |·|+/DOMESTIC
(i) ·|·||·|·|/Deposits 136415 142017 5602 4.11
(ii) ~|·|·|/Advances 93246 107840 14594 15.65
(iii) +-| ||·|||/Total Business 229661 249857 20196 8.79
During the year 2011-12, the overseas centres of the Bank
performed exceedingly well, with growth in deposits and advances
at 35.24 per cent and 32.11 per cent, respectively to reach the
level of ` 11986 crore and ` 9664 crore, respectively. Overseas
business had shown a sharp upward trend to reach the level of
` 21650 crore and recorded a 33.82 per cent growth during the
financial year 2011-12.
|·| 2011-2012 + ·|·|-| ·|+ + ||··| |··|| +--| +| +|| -|-|·{||·-|
+|+| ~·| ·r| ,-| +--| ·| ·|·||·||·| ~|· ~|·|·| ·| +·|·|: 35.24
.|||·|| ~|· 32.11 .|||·|| +| ·|||; r, ~|· ,-|+| ·||·| +·|·|:
`11986 +·|· ~|· ` 9664 +·|· ·. r| ·|, ||··|| +|·|·||· ·| ~|·|+
||; +| .|||·| ··|| ·|, ~|· ,·|+| ·||·| ` 21650 +·|· + ·|· |+
·|r| ·|, ~|· ||||| |·| 2011-12 + ·|·|-| ,·|·| 33.82 .|||·|| +|
·|||; ··| +| ·|,
+.ªr . |·r·rººr |·r-r|·r ·r·r/FY 11 |·r-r|·r ·r·r /FY 12 ªr·r|q/GROWTH
SL NO. Particulars (` +ºr = -r)/(In ` Cr) ªr-r:r/Absolute (PER CENT)
I I ||··|| / OVERSEAS
(i) ·|·||·||·| / Deposits 8863 11986 3123 35.24
(ii) ~|·|·| / Advances 7315 9664 2349 32.11
(iii) +-| ||·||| / Total Business 16178 21650 5472 33.82
+-r. ªr ./Sr. ¤-r ·rr·r / Ratios -rr-r /Mar'2011 -rr-r/March, 2012
1 ~||·||| ·|· .|||-||·| / Return on Assets (per cent) 0.66 0.69
2 ~|| ~-|·||| +| |-|-|| ·| -||·|| / Cost to Income Ratio (per cent) 43.51 42.24
3 .||| ·| |· ·|r|-·|-| / Book Value per Share (`) 83.16 94.72
4 .||| ·||· ~·|-| / Earnings per Share (`) 14.29 15.02
5 |-||-| ·||·| ·|||·|-| / Net Interest Margin (per cent) 3.07 2.77
-rr··r·r¸ ºr ¤-r ·rr·r / Important Ratios:
·||| ,2012 +| |··||| + ~-|·||· ·|+ +| .||| ·||·|| ··|| +|·|·||·
` 105 +·|· r| ·||| r |·| 2011-12 ·| .||| ·||·|| · ·|| ·|·||·||·|
` 59 +·|· r| ·|, r |·| 2011-12 + ·|·|-| .||| ·||·|| ~|·|·|| +|
·||·| ` 42 +·| · ·| ·|«+· ` 45 +·| · r| ·|,
5. -rr-rir<·rr:
|·| 2011-12 + ·|·|-| ·|+ -| |-||-| -||·| ·| ~|·|+ ·|||; ··||, r ·||
·||| ,11 + ` 907 +·| · +| | -|-|| ·| ·|«+· ·||| 2012 +|
` 1109 +·|· r| ·||| ,·| .|+|· ,·|·| |·|·-| ||||| |·| +| |-|-|| ·|
22.27 .|||·|| +| ·|||; ··| +| ·|, ·|+ + ,||r|·| ·| |·| 2011-12
+| |-||-| -||·| ·||||·|+ ·r| |r ·|··||-|·|-|+ +|| -|-|·{||·-| ·|-||:
·||| ,11 + ` 11371 +·|· +| |-|-|| ·| ·||| , 12 + ` 14632 +·|·
+| ·||·| ~|| ·| ||; r|-| + +|··| r~| ~|· ,·|+ |r| 28.68
.|||·|| +| |·| -··-|·| ·|||; ··| +| ·|, ·|+ +| ·||·||-|-| -||·|
·||| ,11 + ` 2695 +·|· +| |-|-|| ·| ·|«+· ·|||, 12 ·| ` 2811
+·|· ·||| ~|· ,·| .|+|· ,·|·| |·| -··-|·| 4.30 .|||·|| +| ·|||; ··|
+| ·|, {||·||-|-| -||·| +| ·|·|| r, |·|-··-|·| ·|||; ·|-||: |||||
|·| 11-12 + ·| ·|-| .|·| ·||·| ·| 42.57 .|||·|| +| ||; + +|··|
r,
¤|:r-r (` +ºr = -r) / Advaances (` In cr)
»r-rrºr|ºr (` +ºr= -r)/Deposit (` In cr)
+r·r-|-r·{rr<+ ªr + ·r+ / Performance Indicators:
|-r·r-r -rr-r (` +ºr = -r)/Net Profit (` In cr) {r|º-rr-r-r -rr-r (` +ºr = -r) / Operating Profit (` In cr)
|-r·r-r ¤-r»r+ ¤r|ª·r ¤-r·rr·r (per cent)
Net NPA Ratio (per cent)
ªr+-r ¤-r»r + ¤r|ª·r ¤-r ·rr·r (per cent)
Gross NPA Ratio (per cent)
|-r·r-r ··rr»r -rr|»r-r (per cent)
Net Interest Margin (per cent)
¤r·r ¤-r·rr·r +| ·r-r-rr -r -rr-r (per cent)
Cost to Income Ratio (per cent)
6. OPERATIONAL PERFORMANCE:
6.1. Investment:
Gross investment of the Bank has increased from ` 43124 crore
in March, 2011 to ` 46185 crore in March, 2012 by registering a
growth of 7 per cent in the year 2011-12. The Domestic
investments (gross) of the Bank during the year 2011-12 grew by
8.82 per cent from ` 41388 crore as of 31.03.2011 to
` 45038 crore as of 31.03.2012. SLR investment (domestic)
increased by 15 per cent during the year 2011-12 by registering
the level of ` 40102 crore in March,12 from ` 34963 crore in
March, 2011. Non-SLR investment (domestic) declined by 23
per cent from ` 6425 crore in March, 2011 to ` 4936 crore in
March, 2012. Total income has also registered a reasonably good
growth of 15.43per cent over the previous financial year to reach
the level of ` 3474 crore in March, 2012 from ` 3009 crore in
March,2011. Net profit on sale of investment (domestic) had
shown a significant increase of (more than doubled) 115per cent
by recording a level of ` 191 crore in March, 2012 from ` 89
crore in March, 2011.
6.2. Retail and CASA:
The Bank put considerable emphasis on strengthening its retail
portfolio during the year 2011-12. There had been several
initiatives to improve bank’s liability portfolio like several CASA
and Total Freedom campaigns throughout the country, launch of
different deposit schemes, promoting salary account “UCO
Suvidha”, etc. Attractive deposit schemes like RD scheme “UCO
Sowbhagya”, TD scheme “UCO Vasanth Bonanza” were launched
at the later part of 2011-12 to boost the deposit volumes.
In order to improve the asset portfolio of the Bank and improve
credit delivery to the retail customers by cutting down delays in
processing of Retail Loan Applications as also to serve customer
in a better manner, the bank had taken several initiatives during
the year 2011-12. The Bank had opened 13 new Retail Loan
Hubs in the year 2011-12, which takes the total number of RLHs
to 39 as of March, 2012 from 26 as of March, 2011. Several
existing schemes meant for retail customers namely, UCO Home
Loan, UCO Trader, UCO Education, UCO Pension, etc., had been
modified to remain competitive in the market as well as to suit
niche clientele. Gold Loan scheme had been modified and new
UCO Gold Loan Scheme had been launched for financing Retail
Asset Products on 31st January, 2012 under both Priority and
Non-Priority Sectors at all branches. Online application facility
launched since 11th August, 2011 for UCO Home and Car Loans
in addition to existing facility for UCO Education Loan.
6. {r|º-rr-r-r·r·r +r·r-|-r··rr<-r
6.1 |-r·r ºr
·|+ + ·|+-| |-||·| ·| 7 .|||·|| +| ·|||; r, ~|· |r ·|||, 2011
+ ` 43124 +·|· ·| ·|||, 2012 ·| ` 46185 +·|· r| ·||| ·|+ +
··|| |-||·| (·|+-|) ·| |·| 2011-12 + ·|·|-| 8.82 .|||·|| +| ||; r,
~|· |r |·-||+ 31.03.2011 + ` 41388 +·|· +| |-|-|| ·| |·-||+
31.03.2012 +| ` 45038 +·|· r| ·||| ·|||||·|+ |-| |-||·| ~-|·|||
(··|·-|~|·) |-||·| ,··||) ·| |·| 2011-12 + ·|·|-| 15 .|||·|| +| ||;
r, ~|· ,·|·| ·|||,11 + ` 34963 +·|· +| |-|-|| ·| ·|||,12 +|
` 40102 +·|· +| ||; ··| +| ·|, ·|·-·|||||·|+ |-| |-||·| ~-|·|||
(-||-| ··| ·-| ~|·) |-||·| ,··||) ·| +·|| r, ~|· |r ·||| , 11 +
` 6425 +·|· +| |-|-|| ·| ·|||, 12 +| ·|·+· ` 4936 +·|· r|
·||| +-| ~|| + -|~| ·| ·|| |·|·-| ||||| |·| +| |-|-|| ·| 15.43
.|||·|| +| |·||||| ·|||; r, ~|· |r ·||| , 11 + ` 3009 +·|· +|
|-|-|| ·| ·||| , 12 +| ` 3474 +·|· r| ·|, |-||·| +| |·|+| ·| |-||-|
-||·| ·| 115 .|||·|| +| ·--|·|-||| ||; (··|-| ·| ·|| ·||·|) |··||,
·|·| ~| · |r ·||| , 11 + ` 89 +·|· +| |-|-|| ·| ·||| , 11 +| ` 191
+·|· r| ·|,
6.2 |ºc -r {·r +rªrr
·|+ -| |·| 2011-12 + ·|·|-| ~·|-| |··-| ·|||·||·| +| ·|·|·|| +·-| ·|·
+|+| ·||· |·|| ·|+ + ·||| ·|||·||·| +| ·|·||·-| r| ·|· ··| ·| +|·||
~|· ·|·-| |+÷·| + +, ~|·|||-|, |||·|--| ·|·|| ||·|-||~| +| ·|·~||,
“| +| ·| ||·||” | |-| ·|||| .||||| +·-| ·| ·|| +, ·|r-| +| ·|, ·|·||·||·|
+| ·||~|| +| ·|«|-| + |-|· ~|||| ||·|-|| “|+| ·||·||·|”, ·||||·| ·|·||
||·|-|| “|+| |·|| ·||-|-·||” ·|·|| ~|+·|+ ·|·|| ||·|-||· |·| 2011-12
+ ·|·||| ·||·| ·| .||··| +| ·|,
·|+ + ~||·| ·|||·||·| |·|| |··-| ~·| ~||·-|| + .|·|·+··| ·| ||-|·|
+| ~||·| +| +·| +· |··-| ·||r+| +| ~·| ··|-|··| +·-| +| .||+||
·| ·|·||· -||-| |·|| ,·|+ ·||·|-·||·| ·||r+| +| ·||| ·|r|· |·|+ ·|
+·-| + |-|· ·|| ·|+ -| |·| 2011-12 + ·|·|-| +, .|+|· +| ·|r-| +|
·|+ -| |·| 2011-12 ·| 13 -|| |··-| ~·| r·| ·||-| |·|·|·| |··-| ~·|
r·| +| +-| ·|·|| ·||| , 11 + 26 +| |-|-|| ·| ·|||, 12 +| 39 r| ·|,
|··-| ·||r+| + |-|· +, ||··||-| ||·|-||~| , |·|| |+| r|·| -||-|, ·r¸ +r
c =º, ·r¸ +r {= + ºr-r, ·r¸ +r ·r ºr-r ~||· ·| ·|·||·|-| |+|| ·||| r |||+ |
·||·||· ·| .|||··|·||·|+ ·|-|| ·r |·|| | r·||· |||·|·· ·||r+| + |-|·
··||+| r| ·|+ ·||-÷ -||-| ||·|-|| ·| ·||·| ·||·||-| |+|| ·||| r |·||
·|·|| ·||·||~| ·| .||·||·|+||.||·| ·| ·| ·-.||·||·|+||.||·| -|~|| + ~|·||
|··-| ~||·| ··||·| +| |||·|||·|| +·-| r| ·+ -|, |+| ·||-÷ -||-|
||·|-|| |·-||+ 31 ·|-||·|, 2012 +| ·|¬ +| ·|, |+| ·÷+·|-| ~ ·|
+ |-|· ||··||-| ·|||·|| + ~|||·+| |+| r|·| ~|· +|· ~·|| + |-|·
11 ~·|·|, 2011 ·| ~|-|-||,-| ~||·-| +| ·|||·|| .||··| +| ·|, r
22
Bancassurance:
In order to facilitate marketing of Mutual Fund Investments by
the Branches through the Systematic Investment Plan (SIP) route,
auto debit facility has been introduced on 16th January, 2012 in
tie up with Bill Desk as our Aggregator.
The Bank during the year 2011-12, focussed on marketing more
traditional products rather than the single premium products to
increase the fee based income.
6.3. Mid Corporate:
The Bank had given special attention to SME advances and
accordingly a dedicated channel; SME Loan Hubs were launched
at SME concentrated areas. During FY 2011-12, the Bank had
opened 12 SME Loan Hubs at Ahmedabad, Bangalore,
Bhubaneswar, Chandigarh, Chennai, Hyderabad, Jaipur, Kolkata,
Mumbai, Nagpur, New Delhi and Raipur, under Mid Corporate
supervision. These loan processing Hubs take up proposals in
the range of ` 25 lac to ` 25 crore. Total loan sanctioned by the
SME Hubs were ` 1512 crore including renewal and enhancement
as on 31.03.2012.
6.4. Agriculture & Rural business:
Priority Sector Lending
During the year 2011-12, the priority sector advances of the Bank
stood at ` 28301 crore constituting thereby 33.56 per cent of
Adjusted Net Bank Credit (ANBC).
Agricultural Advances
The total agricultural advances of the Bank stood at ` 9653 crore
constituting 11.45 per cent of ANBC. Direct agricultural credit
stood at ` 7632 crore constituting 9.05 per cent of ANBC and
Indirect agriculture credit stood at ` 2021 crore constituting 2.40
per cent of ANBC.
Advances to Weaker Sections
Advances to Weaker Sections stood at ` 7861 crore as of 31st
March, 2012, with percentage to ANBC being 9.32.
Medium, Small & Micro Enterprises (MSME) and Micro &
Small Enterprises (MSE)
The Bank had recorded a phenomenal growth in these sections
with advances under MSME and Micro & Small Enterprises (MSE)
standing at ` 17860 crore and ` 13437 crore, respectively with
growth rates of 20.76 per cent and 12.22 per cent, respectively
over the previous financial year.
Minority Community Advances
Total Minority Community advances of the Bank stood at ` 4113
crore constituting 4.88 per cent of ANBC.
Other Developments
The Bank had organized several credit camps throughout the
country to boost advances related to agriculture business. During
¤Éé EòɶªÉÚ ®å ºÉ
·|||-||·|, |-|| ·| ·|| ·|-|| (¸·|~|, ·||) ·||+·|| + ·||··|·| ·| ·||·||~| ;|·|
··| | ~-| + ÷ |-|| ·| +| ·||+ |·| +| ·| ||·|| · -| + |-|¸ 16 ·|-||·|,
2012 +| r·||· ¸|·|·| · + ¬·| ·| |·|-| ÷ ·+ + ·||·| ·|·|| ÷ +·+ 16
·|-||·|,2012 +| ~| | ÷ ·| ||·|| ·| ¬ +| ·|, r :
|·| 2011-12 + ·| ·|-| ·| + -| ·| -+-~|·|||··| ~|·| +| ·|«|-| + |-|¸
¸+-| ·|||·|·|·| ···||·| + ~-|||| ~|·|+||·|+ ·||· ·||·+ ···||·| +
||·||-| ·|· ·|-| |··||:
ê1 l-i= +iª·ii ª c ·
·| + -| ¸·|¸·|, ~|·|·|| |· ||·| ·| ··||-| |··|| r ·|·|| ·|·-| ·||· ¸·|¸·|,
+ |-·| -| ~|| ·| | ·| ·|·r ·||+·| ¬ | ·| +|·| ··| ¸+ | -|-|, ¸·|¸·|, ~·|
r·| .||· ·| |+¸ ·|¸: ||·||·| |·| .¨. + ·| ·|-| ·| + -| |·|÷
+|·|| · |·| | -|·| + ~ ·|·| ·| ~r·|·|·||·, ·| ·|-| ·, ·| |-| ·|·, | ÷|·|«,
| --| , r ··|·||·, ·|·|| ·, +| -|+|·||, ·| ·|, , -||·|| ·, -|, |·--|| ~| · ·|·|| ·
·| . ¸·|¸·|, ~ ·| r·| ·|| -| : ·| ~·| .|·| ·+··| r·| ` .¯ -||·| ·| `
.¯ +·| ÷ + · ·| ·| ~|-| ||-| .|··|||| |· +|· ||, +··| r : |·-|| +
¹.¨¹..¨. +| |··||·| + ~-| ·||· -|||+··| ¸| | |, +| ·|||·|-| +··|
r ¸ ¸·|¸·|, r·| ;|·| ` ¯. +·| ÷ + + -| ~·| ·| ·||+ ·| |+¸ ·|¸:
ê4 + l·i ¢·i :ii-ilºi ··i·iªii·i ·
iii·il-i+·iiiii··i =i >i =·iiª
|·| .¨. + ·| ·|-| ·| + + .||·||·|+·||.||·| -| ~| ~|·|·|| +| ·||·|
` .-¹¨ +·| ÷ ·r| ·|| ·|·||·|| |·|·| |-||-| ·| + ~ ·| ,¸¸-|·||·||) +|
¹¹.¯ö .||·||·| r :
+ l·i »l:i-i
·| + +| + -| + |·| ~|·|·| ` ·ö¯¹ +·| ÷ ·r| ·|| ·|·||·|| |·|·| |-||-| ·| +
~·| ,¸¸-|·||·||) +| .4¯ .||·|·|·| r| ·|| r : .|··|-| + |·| ~ ·|
`¯ö¹. +·| ÷ ·r| ·|| ·|·||·|| |·|·| |-||-| ·| + ~ ·| ,¸¸-|·||·||) +|
·.¨¯ .||·||·| ·|·|| |·| -| + |·| ~ ·| ` .¨. +·| ÷ ·r| ·|| ·|·||·|| |·|·|
|-||-| ·| + ~·| ,¸¸-|·||·|| +| ..4¨ ·||·|·|·| r| ·|| r :
+-i=ii ª ·i·ii +i »l:i-i
¹ ·||| , .¨. +| |··||·| + ~-| ·||· +·|·|| · |·|| +| ` ¯-ö +·| ÷
+| ~|·|·| |··|| ·|·|| ·|| ·|·||·|| |·|·| |-||-| ·| + ~·| +| ·.¹. .||·|·|·|
r :
-isii -i , -i·i ¢·i ªi¸ =-i =¤-i (¢-i¢ªi¢-i¡ ) ·i·ii ªi¸ =-i ¢·i -i·i =¤-i
(¢-i¢ªi¡ )
,-| -| ~|| ·| ·| + +| ·| | |, ~·||·||··| ·r| ~| · ||·-| ||·||·| |·| +|
·| -|-|| ·| ¸·|¸·|¸·|, ¸| ·| -·| | -|·| ···| ,¸·|¸·|, ) + ~ ·|·| ·| ~|·|·|
+·|·| ` ¯-ö¨ +·| ÷ ¸| `¹4¹¯ +·| ÷ ·r |·|-|+| ·| | |, ··
+·|·| .¨.¯ö .||·|·|·| ·|·|| .... .||·|·|·| ·r|:
»-·iªi =·i+ ªi-i «i·i +i »l:i-i
~-|·| ··|+ ·|·| ·|·|| +| ·| + +| + -| ~|·|·| ` 4¹ +·| ÷ ·r| ·||
¸¸-|·||·|| +| 4.-- ·||·|·|·| r :
»-·i ·il·il·il·i·ii
·| + -| + |·| ·||·||·| ·| ·| ·|| ~|·|·|| +| ·|«|-| + |-|¸ | · · ·| ·| +, ~·|
|·|||· ~|·|| |·|·| |+¸: |·| .¨. + ·| ·|-| ·| + -| |||·||··|+
23
the year 2011-12 the Bank had entered into MOU with different
organizations like Ashok Leyland, Bajaj Auto Ltd., National
Collateral Management Services Ltd., etc. to lend commercial
vehicles and finance farmers against their Storage receipts. The
Bank had put serious emphasis on Govt. sponsored schemes
l i ke PMEGP (Pri me Mi ni ster Empl oyment Guarantee
Programme), SGSY (Swarnajayanti Gram Swarozgar Yojana),
SJSRY (Swarnajayanti Shahari Rozgar Yojana), PMRY (Prime
Minister Rozgar Yojana), SHG (Self Help Group), JLG (Joint
Liability Groups), etc. Gold loan scheme was also revised and
launched with a competitive structure to boost finance under
Priority Sector and Agriculture Business. Famers had been
facilitated with credit facilities through tie-up arrangement with
sugar companies.
6.5. Financial Inclusion:
In compliance with the directions given by the Government of
India and Reserve Bank of India, the Bank had taken up
implementation of the project under ‘Financial Inclusion’. The
Bank had adopted 3-way Approach to implement the Financial
Inclusion Programme which constitutes (i) Brick & Mortar
branches, (ii) UCO Bank on Wheels (Mobile Van) and (iii)
Business Correspondent (BC) Model using ICT-based financial
inclusion.
The Bank had achieved a rare milestone in the field of Financial
Inclusion. During the year 2011-12, the target for the Bank was
to cover 1703 unbanked villages having a population of 2000
plus each. The Bank had covered all the villages within the
stipulated time. In addition to that the bank has covered 107
villages with a population of 1000-2000 each. Thus the Bank has
covered 1810 number of villages; and 639149 number of no –frill
accounts were opened in these villages.
The Bank has 24 “UCO Bank on Wheels” operating in 18 Zones.
Under ICT based BC Model, 47984 Smart cards had been issued
to the customers. To extend business in the field of Financial
Inclusion the Bank had also opened 62 Ultra Small Branches
(UCO MITRA SAKHA) in the unbanked villages under 11 Zones
in compliance with the latest guidelines of Government of India
on Financial Inclusion.
6.6. Recovery:
Financial year 2011-12 has been declared as “YEAR OF
RECOVERY” and there is substantial improvement in Recovery
and Upgradation in NPA accounts during the financial year 2011-
12 over the last year.
||r-|| |· ··||· · -| ·|·|| ·| ÷|··| ··||·| + ¸|·| ·| |+·||-|| +|
||·||| |·|·| +·-| r ·| ~·|| + -| -| ÷, ·|·||·| ~| | |-|., -| ·|-|-| +| -| ·-|
·| -| ·|·| ·|||·| ·| |-|. ·| ·|| |||·|--| ·| ··||~| + ·||·| ·|·|÷|| ·|| -|||-| |·
r··||-|· |+¸: ·| + -| ||¸·|, ·|||| ,.|·||-| ·| ~|| ·| ·|·||· ·||· | +|·| +·|),
¸·|·||¸·|||, ,·|·| ·|·| ·|| ·||·| ·|·| ·|·||· ·|| ·|-||), ¸·|·| ¸·|~|·||,
,·|·| ·|·| ·|| ·|r·| ·| ·|·||· ·|| ·|-||), ||¸·|~|·||, ,.|·||-|·| ~|| ·| ·|·||·
·|| ·|-||), ¸·|¸|·|| ,·|·| ·|r|·|·|| ·|·| r), ·| ¸-|·|| ,·| ·| · · ·|·|| ·|·| r)
·| ·|| ·|·+|·.||·|| |·|·| ·|| ·|-||~| |· ·| ·||··||| | + ·|-| |··||: ·|·| ~ ·|
·|| ·|-|| +| ·|| ·| ·|| |·|·| |+·|| ·|·|| ~| · ··| ,·| .|+|· .||· ·| |+·|| ·|·||
|·|·|·| |r .||·||·|+·||.||·| -| ~| ·|·|| + |·| ·||·||·| + ~ ·|·| ·| ||·||| ·|·|
+| ·||·| ·| ·| +·-| +| ¡|· ·| .||·|·|·|| ··|+ ·|-| ·|+ : ||-|| + ||-|·|| +
·||·| ·|·||÷ ·||··|| + ·||··|·| ·| |+·||-|| +| ~ ·| ·| ||·||¸ ·|-|··|
+·|, ·|, :
6.5 Ê´ÉkÉÒªÉ ºÉ¨ÉÉ´Éä ¶ÉxÉ :
·||··| ·|·+|· ·|·|| ·||··||·| |··|| ·| + ;|·| |·¸ ·|¸ |-|· ·| + ~-| ·||-|-||·|
·| + -| ||·||·| ·|·||| ·|-| + ~ ·|·| ·| ·||··|| ·|-|| +| +|·|| -|·|-| ~|· ·|
|+·|| r : ·| + -| ||·||·| ·|·||| ·|-| +|·| +·| +| +|·|| |-|·| +·-| + |-|¸
3 ·|·+| ,|·+| | ~·|-||·|| r |·|·|·| (i) ||· ·||·+ ·||·||¸ , (ii) |-||·|·||-|
·| +| ·| + (·||·||,-| |-|) ·|·|| (iii) ~|, ·||| ~|·|||··| ||·||·| ·|·||| ·|-|
+| ·|·| · +· ·||·||·|| ·| ·|+| (||·||) ·|| ÷-| ·|||·|-| r :
·| + -| ||·||·| ·|·||| ·|-| + -| ~| ·| · -| ·| +||·|·||-| ··|||·|·| |+·|| r : |·|
2011-12 + ·| ·|-| ·| + -| ·|r -|-·| |-|·|| |··| |+·|| ·|| |+ ·|··| + 2000
·| ~|·|+ ·|-|·| ··||||-| 1703 ·| +-·|r·| ·|| || +| ·| |+·| ·| ||·|| +
·|·|· ·| -||·|| ·||¸: ·| + -| |-|·|| |··| ·|·|·| + ·||·|· ¸ ·| ·|·|| ·|| || +|
·| |+·| ·| ||·|| + ·|·|· ·| -| |-|·||: ,·|+ ~|·||··, ·| + 1000-2000
·|-|·| ··||||-| ·|·|| 107 ·|| || +| ·|| ·| |+·| ·| ||·|| + ·|·|· ·| -||·|| r :
,·| ·|+|· ·| + 1810 ·|| || +| ·| |+·| ·| ||·|| + ·|·|· ·| -||·|| ·|·|| ,-|
·|||| ·| ·|||·|·| ·|||·||||-| 639149 ·||·| ·|| -| ·|¸ r :
·| + + ·||·| 24 “|-||·|·||-| ·| +| ·| +” r ·|| 18 ~ |-|| ·| +|·| +· ·r
r : ~|, ·||| ~|·|||··| ·||·|| ·|| ÷-| + ~ ·|·| ·| ·||r+| +| 47984 ··||
+|÷ ·||·| |+¸ ·|¸: ||·||·| ·|·||| ·|-| + ·| ·| ·| ·| ·|·+|· + -|||-|·|·|
|··|||-|· ·| + ~-| ·||-|-||·| ||·||·| ·|·||| ·|-| + -| ~| ·| +|·| ·||· ·|«|-| +
|-|¸ ·| + -| 11 ~ |-|| + ·| +-·|r·| ·|| || ·| 62 ~|·| -|·| ·||·||¸ (·| +|
|·|~| ·||·||) ·|| -||:
6.6 ´ÉºÉÚ ±ÉÒ :
||·||·| |·| 2011-12 +| “´ÉºÉÚ ±ÉÒ ´É¹ÉÇ” + ¬ ·| ·| ·|| |·|·| |+·|| ·|·|| ·||
~| · |·|·-| |·| +| ·| -|-|| ·| ||·||·| |·| 2011-12 + ·| ·|-| |·| -||/
~-|·| + ~||··| ·||·|| + +| |-·--|·|-| ·| +|+| ·| ·||· r ~|:
Ê´É´É®hÉ per cent ´ÉÞ Êr
Particulars 31.03.2011 31.03.2012 per cent Increase
-|+·| |·| -|| / Cash Recovery 434 658 51.61
+| | ·--|·|-| / Upgradation 226 417 84.51
EÖ ò±É / Total 660 1075 62.88
,< +·| ÷ ·| ) / (< in Crore)
"
|·-||+ 31.03.2012 + ·|·||·| |·| + ·|·|-| ·|, ÷|-| ·|· ·|||| ·| ` 23
+·|· +| |·|-|| +| ·|, |·| 2011-12 + ·|·|-| ·|·|÷|||| |-|·|·|-| +
·||·|·| ·| 5000 ·| ~|·|+ ·|||| ·| ` 104 +·|· +| |·|-|| +| ·|,
·||·| ·|·+|·, ||·| ·|~||-|| + |-|··| + ~-|·||-|-||·| ·|+ -| |·-||+
30.09.2011 +| ·|·||·| ||·||r| +| |··||| + ~-|·||· ~-|·|+ ~||·|||
+| 100 .|||·|| .|·||-|| ~|·|||·| ·|r||-| ~|· |·|-||-| +| +|| ·|·| +·
|-||| r ·|+ -| |r |-|·|| |+|| r |+ ·|+-| .|·|·| ~·|-| -|~|||·|+|· +
~·||-| ` 1.00 +·|· ~|· ··|·| ~|·|+ ·||·| + ~-|·|+ ~||·| ·|||| ·|·
||-·|| ||· ·|· |-|·|·|-|| ··|·| |·|| ~|-| .|·|·| ~|-| ·| ` 10 -||·|
~|· ··|·| ~|·|+ ·||·| + ~-|·|+ ~||·| ·|||| ·|· ||-·|| ¬ ·| ·|
|-|·|· ~|·||· ·|· |-|·|·|-|| ··|·| ·|· |·| + ·|·|-| |·r|=·rr +r-+ |-ªr·r
+ ·||·|·| ·| ~|-||/·|+-|| + |·|-|| ·|·|·|| +|| -|-|··||·-| ·|· ~|||·|+
|-|·|·|-|| ··|| ·|,
|·-||+ 31.03.2012 +| |··||| + ~-|·||· ·||-|·|÷|+· |+ +·-|||-|
+ ¬ ·| ·| 340 ·||·|-|| +| ·|r||-| +| ·|, r |·|| |·||·|-|/·||·||| |··||
·|+ +| |··||· +| ·|, r ·|·||+ |·-||+ 31.03.2011 +| |··||| +
~-|·||· |·-|¬ ·|| ~|+· 134 ·|
|·| + ·|·|-| 359 -||+ ~·|-|| -|·||, ·|, |·|-|·| ` 6.26 +·|· +|
|·|-|| +| ·|, |·|| ` 5.00 -||·| |+ + ·|· ~ ·| ·|||| ·| ||·|·|
·|·|÷|||| + ·||·· ` 30.47 +·|· +| |·|-|| +| ·|, ·|· ~-|·|+
~||·| + ·|||| ·| |·|-|| +| ·+||· |·| +·-| + ···| ·| ,·| ||·|-||
+| ~||·| +| 31.03.2013 |+ ·|«||| ·|||
·||| + ~-|·|+ r|| r| |·| ·|·+·|| +|·||, ·|¬ +| ·|||| r ; |·||
|·-||+ 31.03.2012 +| |··||| + ~-|·||· ·|·+·|| +|·||, + ·||·|·|
·| ` 210 +·|· +| |·|-|| +| ·|,, ·|·||+ |·| 2010-11 ·| ,·| .||+||
·| ` 108 +·| · +| |·| -|| +| ·|, ·||
7. ªr-r·r + {·r ªrºr+|+ººr +r·r +-rr·r
7.1 »rr |=r-r ir·r ·r-r :
|·| 2011-12 + ·|·|-| ·|+ -| ·|||·|·| .|·|·|-| |··|||-|··| + ~|·|| +,
-|, ·|r-|| + |-|· ·|·||· .|||·| |+· |-|·|·|-|| .|·||-|| +| ·|·|·|| +·-|
r| +·|· ·|||·|·| .|·|·|-| +-| ·|-||· ·|· ~|· +-|+| +|÷· ·|··|
.|·||-|| -||·| +| ·|, ··||·+||~| +| ·|¬ ·|·|| ~|··|| + ~|·||· ·|·
|||-+ ··||·+||-||· ·+·|·||·|· +| ·||·| ·||·|| || +| ·|,
·|-|+ ·||-||||·|| |-||-||·| |··||· , |·|÷ ~| |+·| |··|| · |·|| ·|r ~|||·||
|-||-||·| |··||· +| ·|· ~|| +| ·|, |·|| ~-|·||| + ~-|·||· ·-r
·||·|··| .|·|·|-| + ·|·|-| .|·|| |+|| ·||| ||·|||·+ ·|r| ·|· ·||·||·
·|||·|·| +| ·|·|-|| ·|-|+ ~|·||· ·|· ·|+-|||·||+ +| ·|, ·|+-| ·|·
·|· +||·| ·|·|| -||÷-| ~|·|+||·|| +| |·||·|-| ·|·|·|| .||·|-|·| .|·|-|
|+|| ·||| |||+ ~|+·| + ·||+|· +·-| /-|-| +| |+|| ·| ·|·||· r|
·|+
Recovery made in Written-Off accounts during the year ended
31.03.2012 was ` 23 crore. Recovery made during the year 2011-
12 through Compromise settlement is ` 104 crore comprising of
more than 5000 accounts.
The Bank had completed 100per cent system based identification
and collation of NPAs as of the quarter ended 30.09.2011, in
compliance with the directives of Government of India, Ministry
of Finance. The Bank had decided that the Circle Heads would
personally monitor all NPA accounts of `1.00 crore and above
under their jurisdiction and Zonal Heads would personally monitor
NPA accounts of `10 lac and above in the Zone on an on-going’
basis. Periodic Monitoring of recovery performance of Zones/
Circles through VIDEO CONFERENCING had been done
throughout the year.
As on 31.03.2012, 340 cases has been identified as wilful
defaulters and reported to CIBIL/RBI as against the corresponding
figure of 134 as on 31.03.2011.
Number of Lok Adalats conducted during the year was 359 from
which recovery of ` 6.26 crore was achieved; and recovery made
through Special Compromsie Settlement Scheme in small loan
accounts up to ` 5.00 lakh was ` 30.47 crore. The scheme had
been further extended up to 31.03.2013, in order to boost up the
recovery in small NPA accounts.
SARFAESI action being initiated immediately after the account
became NPA; and as on 31.03.2012, total recovery made through
SARFAESI action is ` 210 crore as against ` 108 crore during
2010-11.
7. BOLSTERING ACTIVITIES:
7.1. Risk Management:
During the year 2011-12 the Bank had put serious efforts to take
several new initiatives under the guidelines of Risk Management.
Fraud Risk Management Cell and Centralized Credit Rating
System were put in place to strengthen monitoring system.
Individual Borrower wise Exposure Ceiling based on the
Constitution of the Borrowers had been fixed. Daily Structural
Liquidity Report, Mid Office Report & Dynamic Liquidity Report
were introduced and were being placed to the Top Management
as per schedule. Computation of market risk on the trading book
on a daily basis had been done successfully. Training on CIBIL
for all the nodal officers in the Circle level had been provided to
improve the data acceptance /pulling.
#
7.2. Corporate Communication:
During the year 2011-12, the Bank had taken several initiatives
under the guidance of Corporate Communications through various
media namely electronic media, print media, internet, publicity
material, sponsorship, outdoor media, etc. Widespread publicity
campaigns were carried out for mobilization of CASA deposits,
celebrating Festival Bonanza Offer, launching of new schemes
such as, 'UCO Sunshine Recurring Deposit Scheme, 'UCO
Vasant Bonanza Fixed Deposit', 'UCO Sowbhagya Recurring
Deposit', etc. The Bank also organized "Campaign for Gold Loan",
"Campaign for Advantage UCO - Home Loan and Car Loan" etc.
Payment of State Commercial Tax through the Bank in various
states was one of the achievements during the year 2011-12.
In order to improve the brand name of the Bank, various
campaigns were undertaken for different products through various
jingles on different radio stations. Intensive campaigns were
undertaken by the Bank for popularizing its brand name during
the presentation of Union Finance Budget for the year 2011-12
through Radio jingle and telecast of Bank's promos on different
television channels. Internet advertisement had been organized
through different sites. The Bank had also displayed and installed
banners at the entrance/exit points during various important
activities/happenings like sports, festivals, musical programmes,
etc. in the city of Kolkata to propagate various products and brand
name of the Bank. Sponsorship of Gates, pillars, hoardings to
various Puja Committees, display of 500 banners at various Puja
Committees, distribution of UCO Bank branded T-shirts and caps,
etc. had been arranged to promote different products during Durga
Puja.
The Bank had celebrated its 70th foundation day with the main
function held at Science City on 6th January, 2012. A branded
canter/tableau was flagged off from Head Office and roamed for
7 days in Kolkata. Pamphlets on CASA, Retail loans, Education
Loan, Home Loan were also distributed. School bags, school
stationary were given to 69 needy students on the auspicious
occasion of Foundation Day celebration.
7.2 +rº·rr º c ªr ªr¸ -r-rr
|·| 2011-12 + ·|·|-| ·|+ -| +|··||·· ·|·||-|| + |··|||-|··| +
~|·|| ||||·| ·|||÷|| |·|| ,-|+·||-|+ ·|||÷||, |.|· ·|||÷||, ,··-|·,
.|||·-·||·|·||, .||||·|+|, ·||- ·|||÷|| ~||· + ·||·|·| ·| +, ·|r-|
+| +|·|| ·|·||·||·| + ·|·|r·|, ||r|· ·||-|-·|| ~|+· + ~|||·|-|,
‘| +| ·|-|·||,-| ~|||| ·|·|| || ·|-||, '| +| ·|·| | ·|| -| -·|| ·||||·| ·|·||,
‘|+| ·||·||·| ~|||| ·|·||' ·|·|| -|, ||·|-||~| +| ·|· ~|| + |-|·
||·|+ .|||· ~|·|||-| |-||· ·|· ·|+ -| “·|·| ~ ·| ~|·|||-|”, “|+|
~|||·| ~ ·| ~|· +|· ~ ·| + ¬ ·| ·| |+| ,|·| .|··| -||·| r|
~|·|||-|” ~||· ·|| |-||· |·| 2011-12 + ·|·|-| +, ·|·|| ·| ·|+ +
·||·|·| ·| ·|·| |||·|·| +· +| ·|·|||-| +, ··|-||··||| ·| ·| ·+
··|-||··| ·||
·|+ + ·||÷ -||·| +| .|||·| +| ·|«|-| r| |||·|--| ·|÷|| ···|-|| {|· +,
.|+|· + |·|·|-·| + ·||·|·| ·| |||·|--| .|+|· + ··||·| + |-|· +,
~|·|||-| |-||· ·|· |·| 2011-12 + |-|· +-|| ||·| ·|·|· .|·|||+··|
+ ·|·|-| ·|÷|| |·|·|-| |·|| |||·|--| ·|-|||·|-| |-|-|| ·|· ·|+ +| .|||·
– ·||·|·|| (.||·||·|) + ·-|+|·· + ·||·|·| ·| ~·|-| ·||÷ -||·| +| .|||·|
+| -||+|.|| +·-| r| ·|+ ,|·| ·|r-| ~|·|||-| |-||· ·|· |||·|--|
·||,·| + ·||·|·| ·| ,··-|· ||-||·|-| +| ||··|| +| ·|, ·|+ -| |||·|--|
··||·| |·|| ·|+ + ·||÷ -||·| +| .|||·| + .|||· r| +|-|+||| -|·|·
·| ·|-|-+·, ||r|·, ·|·||| +||+·| ·|·| ·|r|·|·| +||+-||·|| +
·| ·|-| .|| ·| / .|··||-| ··|-|| ·|· ·| -|· .|·|·|| |+· |||·|--| ·| ·|| ·||·|||||
+| ·|·, Ê{É-|·, r||÷·| .|||||·|| +·, +, ·|·|| ·||·||||| + ·|·|| ··|-||
·|· 500 ·|-|· .|·|·|| +·, |+| ·|+ -||·|||+| ·|-·|· ·| ·| ·|| ~||·
||||·| +· ·|+ -| ~·|-| |||·|--| ··||·| +| ·|«||| |·||
·|+ -| ~·|-|| 70 || ··||·|-|| |·|·| ~||||·|| |+|| ~|· ,·|+| ·|·|
·|·||·| r 6 ·|-||·|, 2012 +| ·||, ·| |·|·| ·| ·|-|||| ·||| .|·||-| +||| -||
·| ·+ ·||÷÷ +··/··|-|| +| r·| ÷|÷| |··||+· ·||-|| |+|| ·||| ·||
+|-|+||| ·| 7 |·-|| |+ ·|·|-·|·| +· ~·|-|| ÷||+| .|·|| +·|| ·r|
+|·||, |··-| ~·|, |·|-|| ~·|, ~|||·| ~·| ·|·|·|| ·|·+-|· ||||·| |+·
·|· ··||·|-|| |·|·| ·|·||·|r + ·||·||-|+ ~|·|· ·|· 69 ·|¬·|·|·
||·||·||| +| ·+-| ·|·|, ·+-| ·||·|·|| ·| ·|,
{r¸ »r| ·r·rr ··r·rr / Capital Adequacy (·rrªr -r / Basel II)
|·r·rººr ; Particulars -rr-r / Mar'11 -rr-r / March, 2012
{r¸ »r|·r·r |-r|·r / Capital Fund : ºr|ºr ` +ºr= -r / Amt in ` Cr.
|·|· I / Tier I 7,012 7,891
|·|· I / Tier II 4,266 4,151
+-| / Total (|·|·/Tier I + |·|·/Tier II) 11,278 12,042
Risk Weighted Assets 82,272 97,550
{|·|| ·|||·||| ~-|·||| ; Capital Adequacy Ratio (per cent) 13.71 12.35
|·|·/Tier I (per cent) 8.52 8.09
|·|·/Tier II (per cent) 5.19 4.26
$
=··rr< -rr·r¸ |<-rr +
Products Introduction Date
|+| ,-·÷ 25 ~.| -|, 2011
UCO e-trade 25th April, 2011
~|, ··| ·|| ··| ,|+|-| ·||·||,-| ·|·|||-| ·|||) 22 ·|-||,, 2011
IMPS (Instant Mobile payment service) 22nd July, 2011
|||-+ |+| ||·|| ÷|·|· +|÷ 6 ·|-||·|, 2012
Personalized UCO VISA Debit Card 6th January, 2012
7.3. Information Technology:
The Bank had become fully CBS enabled by February, 2011. As
of March, 2012, all the new branches, CBOs and extension
counters were made CBS enabled. Total number of 843 branches
(100per cent) of Bank sponsored 5 RRB's migrated to CBS.
RTGS/NEFT facility extended to Bank sponsored 5 RRBs.
On the technology front the Bank had held its flag high by taking
several new initiatives during the year 2011-12. Some of these
initiatives are stated below.
Ø Govt. Business Module implemented in all designated
branches.
Ø Two factor Authentication implemented for e-banking
customers.
Ø Anti-Phishing Services implemented to protect customer's
data from going to the wrong hands.
Ø Collection of State Taxes for West Bengal, Orissa, Delhi,
UP made live. In the previous financial year, Maharastra's
tax collection was made live.
Ø Online Payment facility of customs duty is available through
e-Banking.
Ø Instant Fund Transfer to RD and Loan accounts through
e-Banking.
Ø Bulk salary upload facility for Chhattisgarh Govt. activated.
Ø New e-products introduced in the Bank in the current year
is given below:
7.3. ªr¸ -r-rr irr cr |·r+|
+·|·|, 11 |+ ·|+ ·| ·||·||··| .|·||-|| ·|·|||| -||·| r| |+| ·||
·||| , 2012 |+ ·|·|| -|, ·||·||· , ·||·||~| ·| ||·||· ·|·-| ·|| ·||·||··|
.|·||-|| ·| |- r| ·|· ,·| ·||| ·|+ ,|·| .|||||·|| 5 -|~||| ·||·||·|
·|+| +| 843(100 .|||·||) ·||·||· ·||·||··| ·|||·|||- r| ·|, ·|+
,|·| .|||||·|| 5 -|~||| ·||·||·| ·|+| +| ~|··|·||··|/·-|,·+·| ·|||·||
·|| .|·|-| +·|, ·|, r
.||·||·|+| + ·|· ·|· |·| 2011-12 + ·|·|-| ·|+ -| ||||·| -|, ·|r-|
+· ~{|-|| ÷|÷| + || ··|| ,-|·| ·| +| ·|, +· ·|r-| |-|·-||-||·|| r -
Ø ·|·|| -|||·|| ·||·||~| ·| ·|·+|·| ||·||| ·||÷|-| +||||-|| +|
·|,
Ø ,-·||+·| ·||r+| + |-|· 2 |··| .|·||·||+··| +| +|| ·|·| |+||
·|||
Ø r·||· ·||r+| ·| ·|·||·|| ~|+· ·|-|| r|·|| ·| -| ·|· ·||·, ,·||-|·
· ·|-|+|·|·| ·||| +| +|||-||-| |+|| ·|||
Ø {ÉζSÉ¨É ·|·||-|, ~| |··||, |·--|| ·| ··|· .|··| ·| ·|·| +·
·|·|r·| +| +|| ·||+| +· |·|| ·||| |·|·-| ||·||| |·| ·|
·|r|·|·· ·|·| +| +· ·|·|r·| ·||+| |+|| ·||| ·||
Ø ,-·||+·| + ·||·|·| ·| ·||·|| ·|-+ + ~|-| -||,-| ·|·|||-| +|
·|||·|| .||·| r
Ø ,-·||+·| ,|·| ~|||| ·|·|| |·|| ~ ·| ·|||| ·| |+|-| |-||·| ~|··|
+| ·|||·||
Ø ··||·|·|« ·|·| ·|·+|· + |-|· ·||+ ||-| ~{|-||÷ +·-| +|
·|||·|| ||-| +· ·| ·|, r
Ø ||-| ||·| |·| + ·|·|-| ·|+ ,|·| -||·| -|· ,-··||· |-|·-||-||·||
r·-
%
7.4. Operations & Services:
Know Your Customer (KYC) & Anti Money Laundering (AML)
System Based KYC Monitoring has been put in place for KYC
compliance through KYC menu in CBS System. The installation
of AML software for daily processing and monitoring of all
transactions in the Bank to generate (a) Suspicious Transaction
Reports (STRs) and (b) Cash Transaction Reports (CTRs) has
been streamlined further and the Bank is able to effectively
process and monitor all transactions particularly through new
alerts. KYC compliance had been achieved to the extent of
98.29per cent . CTRs, STRs, CCRs and NTRs had been
submitted regularly to FIU-IND, New Delhi.
Customer Service
The Bank continues to attach utmost importance to the customer
service and is constantly reviewing its business practices to
provide the best possible services to the customers.
Top executives of the Bank, during the year 2011-12, interacted
with the customers of the Bank at frequent intervals at different
centres across the country to have complete feedback and
understanding of the needs and grievances of the customers of
the Bank. Apart from this, nodal officers had been appointed at
all the Zonal Offices to look into the grievances. Effective steps
were taken by the Bank to redress grievances of the customers;
and accordingly, the Bank has brought down the number of
customer complaints to a very low level through its prompt
redressal mechanism. The meeting of the Standing Committee
on Customer Service at corporate level of the Bank was held as
per schedule and was attended by senior executives of the Bank
as well as customer representatives.
Transparency had been maintained by the Bank by hosting at
Bank's website: (1) Policies on Customer Grievance Redressal
(2) Cheque Collection, (3) Compensation & (4) Collection Of Dues
and Repossession Of Security.
Awards passed by Banking Ombudsman were being implemented
by the Bank and as of date no Award i s pendi ng for
implementation.
Right to Information (RTI) Act
Under the light of Right to Information (RTI) Act Bank's
commitments for our customers are well defined and published
in the Bank's website. The Bank is in continuous process of
strengthening of review under Right to Information (RTI) Act. The
Bank had designated central and zonal nodal officers to cater to
the queries of different customers and other stake holders
regarding RTI matters. Names and contact details of nodal officers
are mentioned in the Bank's website. As per RTI Act 2005, the
Bank has appointed 36 PIOs and APIOs, one at each Zonal Office
level and two CPIOs and two CAPIOs at Head Office level to
facilitate disposal of RTI applications seeking information and
one Appellate Authority at each Circle Office and Head Office for
disposal of appeals filed under their jurisdiction.
7.4. {r|º-rr-r-r {·r ªr ·rr :
¤{r-r :rrr+ +r »rr-r (+ ·rr; ªr|) {·r ·r-r ºrr·r-r |-r·rrººr ({{-r{-r)
·||·||··| .|·||-|| ·| +|||·|| ·|-| + ·||·|·| ·| +|||·|| ~-|·||-|-| r|
.|·||-|| ~|·|||·| +|||·|| ·||-||·|··| +| ||··|| +· ·| ·|, r ·|+ ·|
·|·|| -|-|-·-| +| ·||-||·|··| |·|| .|·|·+··| +·-| r| ···|·-| ·||+·||·
+| ·|··||·|-|| + +-|·|¬ ·| (+) ·||···| -|-|-·-| |··||·(··|·|~|·) ·|
(·|) -|+· -|-|-·-| |··||· (·||·|~|·) +| ·||·|| +·-|| ·|·-| ·|-|| |·||
·||| r ~|· ·|+ ~·| -|· ·-|· + ·||·|·| ·| ·|·|| -|-|-·-| +| ·||-||·|··|
|·|| .|·|·+··| +· ·|+|| r 98.29 .|||·|| +|||·|| ~-|·||-|-| .||·|
|+|| ·|| |+| r ·+~|,|-~|,·-|÷|, -|, |·--|| +| |-|||·|| ¬ ·| ·|
·||·|~|·, ··|·|~|·, ·||·||~|· ·| ·-|·|~|· .|·|| |+· ·|| ·r r
:rrr+ ªr ·rr
·|+ ·||r+ ·||| +| ~|| ·|r|·|·| ·||-||| r |·|| ~{|-| ·||r+| +|
·|||+·· ·||| .|·|-| +·-| + ···| ·| -|·||||· ~{|-|| ||·||| .|·||-||
+| ·|·||-|| ·|| +·|| ·r|| r
|·| 2011-12 + ·|·|-| ·|+ + ·||r+| +| |·|+|||| |·|| ·-|+| ·|¬ ·||
+| ·|r|· «·| ·| ·|·|÷|-| + |-|· ·|+ + ·| +||·||-|+| -| ·|·|·| ··|
+ |||·|--| +-| ·|· ·||· -·||· ~|·|-| ·|· ·||r+| ·| ||||· ||·|·| |+||
,·|+ ~|||·- ·|·|| ~|-| +|||-||| ·| ·||r+| +| |·|+|||| ·|· ·||-|
·-| + |-|· -||÷-| ~|·|+||·|| +| |-||- |+|| ·||| r ·||r+ |·|+||||
+ |-|·|·|-| + |-|· ·|+ ,|·| .|·|||| ·{||| |+· ·|· ·| |·-|·||· ||·|
|·|+||| |-|·|·|-| .|·||-|| ,|·| ·|+ ·||r+-|·|+|||| +| ·|·|| +| ·|r|
+·| +·-| ·| ·|+-| r~| r ·||r+ ·||| ·|· ··|||| ·||·||| +| ·|·|| ·|+
|-|·|||·| ~-|·||| + ~-|·||· r, ·| ·||r+ .||||-||·||| + ·||·| ||··
+||·||-|+| -| ,-| ·|+| ·| ·||·| |-|||
·|+ -| ~{|-|| | ·|·||,· ·|· (1) ·||r+ |·|+||| |-|||··| -|||| (2) |+
·|·|r·| (3) -|||·||| ·| (4) ·|+||| +| |·|-|| ·| .|||·||| ·|· ·|-|+··||
·| ·|·||·|| |·|| +| ÷|-|+· ·||··|·||| ·|-||· ··|| r
·||+·| -||+·||-| ,|·| ·|||·| |-|·|| ·|+ ,|·| +||||-|| |+· ·|| ·r r
|·|| ~|·| +| ||·|·| ·| ·+ ·|| |-|·|| +|||-||-| r| -||·|| -|r| r
ªr¸ -r-rr +r ¤|·r+rº (¤rºc|¤r; ) ¤|·r|-r·r-r
·||-|| +| ~|·|+|· (~|··|~|, ) ~|·||-||·| + ~|-||+ ·| ·||r+| + .|||
·|+ +| .|||·|;|| ·|·|||| ·||··|||·|| r ~|· |r ·|+ +| |·|·||,· ·|
÷|-| ·| ·|, r ·||-|| +| ~|·|+|· (~|··|~|,) ~|·||-||·| + |r|
·|·||-|| +| ·|¡« +·-| + |-|· ·|+ -|·||||· .|||·|·| r ·|+ ,|·|
+ -|| ·| ~ |-| + -|| ÷-| ~|·|+||·|| +| ·| |-|| +| ~|·|+|· (~|··|~|, )
~|·||-||·| + |r| |||·|--| ·||r+| ·| ~-| |r|·||·+| +| ·|·||·||
·||-|+|·| .|·|-| +·-| + |-|· -|||·|| |+|| ·||| r ·|+ +| |·|·||,· ·|·
-||÷-| ~|·|+||·|| + -||·| ·| ·|·|+ -|·|· |·· ·|· r ·||-|| +|
~|·|+|· (~|··|~|, ) ~|·||-||·|, 2005 + ~-|·||· ·|+ -| .||+ ~|-|
+|||-|| + ·|· ·|· 36 {||~|,~| |·|| ··||~|,~| +| ·| 2 ·||·||~|,~|
|·|| 2 ·||··||~|,~| +| .|·||-| +|||-|| + ·|· ·|· |-||- |+|| r
|·|·|·| ·||-|+|·| .||·| +·-| ·| ·|·||·|| ~|··|~|, ~||·-|| +| |-|·|·|-|
r| ·|+ ,·|+ ·||·| r| .||+ ·||+-| +|||-|| ·| ·-|+ -|~|||·|+|· ·|
~|-|||-| ~|-|| + |-|· |·|| .|·||-| +|||-|| ·| ·|| ~{||-|| + |-|·|·|-|
r| ·+·+ ~{||-| .|||·|+|·| +| |-||- |+|| ·||| r
&
7.5. Credit Monitoring:
The Bank, in order to maintain and improve the quality of assets,
strengthened its Credit Monitoring Mechanism through
implementation of several measures particularly having a Graded
system of monitoring of accounts at various levels by assigning
responsibility of monitoring of accounts based on sanctioned
credit limits with the objective to intensify the credit monitoring
and have focussed attention to critical accounts. In addition, the
bank has also streamlined the information system by directly
obtaining information from the CBS system for facilitating prompt
decision making at various levels. The Bank has envisaged
creation of a pool of dedicated Executives and Officers, with track
record on handling large borrowal accounts & well versed in
handling of credit at the operational level, for undertaking credit
audits.
The Bank has done a commendable work in getting registered
with the Central Registry of Securitization Asset Reconstruction
and Security Interest of India (CERSAI) particulars of security
interest over property created on or before 31/03/2011. Such
registration under Central Registry Rules 2011 under section 20
(1) of the SARFAESI Act 2002 was permitted by the Central
Government with retrospective effect to be completed within
31.03.2012. The Bank could ensure uploading of over 1.17 lac
particulars of security interest over property created on or before
31.03.2011.
7.6. Inspection:
The Bank has a well-established Audit and Inspection Department
that exami nes adherence to the Systems. Bank has a
comprehensive Inspection and Audit Policy for undertaking
Internal Inspections, Concurrent Audit, Revenue Audit, Risk
Based Internal Audit, IS (Information System) Audit and
Management Audit. The guidelines received on various issues
of Internal Control from Reserve Bank of India, Government of
India, Board and Audit Committee of the Board have become
part of the internal control system for better risk management.
During the year 2011-12 the Bank had focussed attention to close
overdue inspection reports outstanding for more than 3 months
by rectification of major/other irregularities. As a result of impetus
taken by the Bank there was no Annual Financial Inspection
Report pending overdue as on March, 2012. The regular branch
inspection report is the most comprehensive feed-back to the
management about compliance of the Bank's systems and
procedure and guidelines at operational level.
One of the major achievements during the year 2011-12 was the
restoration of original rating of downgraded branches. From
December, 2011 to February, 2012 number of Unsatisfactory/
Downgraded branches has decreased due to regular follow up
with Disciplinary Authorities/Controlling Offices and branches to
expedite initiation of RDA and ensure restoration of original rating
of all the downgraded branches. Similarly, status of unsatisfactory
rated branches has been upgraded through fresh inspection within
an interval of 9 months.
7.7. Vigilance:
The Bank has shifted its focus towards preventive vigilance and
participatory vigilance from punitive vigilance. Extensive training
7.5. = ºr -rr-r|c|º·r:
·|+ -| ~||·||| +| ·|·||·|| +| ·|·||·-| |·|| ··|+ ··|··||| + |-|·
~{|-|| ~ ·| ·||-||·|··| .|·||-|| + ||||·| ·{|||| +| ·|·|·|| |+|| r
|·|·|+ ~|·|| |||·|--| ·|·| ·|· ·|÷÷ .|·||-|| + ·||·|·| ·| ·|||| +|
·||-||·|··| +·-|| |·|·|·| -||·|+ ·|||| ·|· ·||-| +|-| +·| r· ~ ·|
·||-||·|··| +| ·|¡« +·-| + ···| ·| ·||+| ~ ·| ·||·|| ~|·|||·| ·||||
+| ·||-||·|··| +| |·|··|||·| ·||·|-|| ·|||·|-| r ,·|+ ~|||·- ·|+
|||·|--| ·|· ·|· |-|·|| +| .||+|| +| ||:| +·-| + ···| ·| ·||·|
·||·||··| .|·||-|| ·| ·||-|| .||·| +· ·||-|| .|·||-|| +| ·|·-| ·|-|||| r
·|+ ~ ·| ~||÷· +·|-| + ···| ·| ·|· ··||··|||| +| |·|| ·||·||-|-|
+ ·|· ·|· ~ ·| +| ·|||· «·| ·| ·|·||-|-| + |-|· ·|·||·|| +||·||-|+
·| ~|·|+||·|| +| ·|·| + |-|·||·| +·-| + ·||· ·| ||||· +· ·r| r
·|+ -| 31.03.2011 +| || ··|+ ·|| ·||·|| +| ·|, ·|·||·| ·|· .|||·|||
|r| +| ·||-| ·| ··|| r· ·|·-| ·|·|··| ~|+ |·|+|··|,·|·|-| ··|·
|·+··+·|-| ·÷ |·|+|··| ,···· ~|+ ,|÷||(·||,~|···|·~|,) +
·||·| ·|·|··÷ +·|||| r ·|·+|,·|| ~|·||-||·| 2002 +| ·||·| 20(1)
+ ~·||-| +-|| ·|·|··| |-||·| 2011 + ~·||-| ··|| ·|·|··| + ·|·|·| ·|
+-|| ·|·+|· -| ·||+||-|+ .|·||| ·| ·|·|··| +| ~-|·||| .|·|-| +|
|·|·| 31.03.2012 |+ ·|·| +·-|| ·|| |·-||+ 31.03.2012 +| ||
··|+ ·|| |+ ·||·|| .|||·||| |r| ·| ·|·||·|| 1.17 -||·| |||··|| +|
·| + ~·| |+ ~{|-|| ÷ +· | +| r
7.6. |-rº|=rºr :
·|+ +| ~{|-|| -|·|| ·|·|-|| ·| |-|·|-|·| ||·||·| r ·|| .|·||-|| +| ·||-|-|
|+|| ·|| ·r| r || -|r|, ,·|+| ·||| +·|| r .|·|·| -|·||·|·|-||, ·||-||
.|·||-|| -| ·||·|·|-||, ·|| |·|·| ~|·|||·| ~| ||·+ -| ·||·|·|-||, ·|·|·|
-|·||·|·|-||, ·|·|||| -|·||·|·|-||, ~|||·+ |-|·|-|·| +·-| r| ·|+ +|
||·|| |-|·|-|·| ·| -|·||·|·|-|| -|||| ·||·|· r ·||·||| |··|| ·|+,
·||·| ·|·+|·, |-|··|+ ·|÷-| ·| |-|··|+ ·|÷-| +| -|·||·|·|-|| ·||·|||
,|·| |·· ·|· |··|||-|··| ·|r|· ·|||·|·| .|·|·|-| + |-|· ~|||·+ +·|-|
.|·||-|| +| |r··|| ·|-| ·|· r
|·| 2011-12 + ·|·|-| ·|+ -| .|·|·| / ~-| ~|-|||·||||~| +| ·|·||·
+· 3 ·||r ·| ·||·| -||·|| ~||·| +| |-|·|-|·| |··||· +| ·|· +·-|
+ |-|· ·||-| +|-| |+|| ·|+ ,|·| ·{||- .|||·| |+· ·||-| +
+-|·|¬ ·| ·|||, 2012 + ~-|·||· ·+ ·|| |||·|+ ||·||| |-|·|-|·| |··||·
-||·|| -|r| r {||·||-|-| + ·|· ·|· ·|+ +| .|·||-||, .||+|| |·||
|··|||-|··| + ~-|·||-|-| + ·|·|·| ·| |-|||·|| ·||·|| |-|·|-|·| |··||· +
·||·|·| ·| .|·|·|-| +| ||·|+ .|||·||-|| .|·|-| +| ·|||| r
|·| 2011-12 + ·|·|-| .|·|·| ·{|-||··||| ·| +||·|-|·-| ·||·||~| +|
·|-| ·|··| .||·| +·-|| ·r| |··|·|·, 2011 ·| +·|·|, 2012 + ·|·|-|
~-| ·||·||-|+ .|||·|+|·|/|-|| ~|+ +||| -||| ·| |-|||·|| ~-| || -| +
+-|·|¬ ·| ~·|||·|·|-|+/+||·|-|·-| ·||·||~| +| ·|·|| ·| +·|| ~|, r
·||·||~| +| |-|··| |·· ·|· |+ ~|·÷|· +| ·|r-| +| ·||· |·|| ·|·||
+| |·|-|·-| ·||·||· ·| -| · |··| |+· ·| r||·|-| +· ,·|| .|+|· ~·| || ·|·|-|+
+| ·|··|||-|| ·||·||~| +| 9 ·||r + ~|·|-| ·|· |-|·|-|·| +· ·-|+|
· |··| +| + || +· |·|| ·||| r
7.7. ªr·r+ ·rr :
·|+ -| ·÷|·|+ ·||+|| + ··||-| ·|· |-|||·+ ·||+|| |·|| ·||·||·|·|
·||+|| +| ~|· ~{|-|| ·||-| +|-| |+|| r ·|·|| ·|·| ·|· +·||||·||
'
programme had been organized for imparting training of
employees at all level.
A separate 'Investigation Cell' has been carved out to ensure
timely and effective follow up of vigilance complaints. A Fraud
Risk Management Department was also created to monitor and
maintain the centralised data of fraud. Policies regarding field
functionaries have been updated and sensitized to regulatory
requirements and guidelines issued with a view to improve
compliance.
Some of the Preventive Vigilance Measures undertaken during
the year 2011-12 include:
v All withdrawals of money should be informed to the
customers, if possible, through SMS without delay.
v Every large amount of withdrawal should be verified with
supporting documents. Cheque should be examined with
UV & IR rays.
v If post withdrawal balance is negligible, cheque should be
scrutinized.
v No blank cheque should be handed over by the customer
to any unknown person.
7.8.Compliance:
The Bank has emphasised on compliance issues as mandated
by RBI. The Bank had ensured the level of customer service,
functions and rules of deposit, advance, KYC/AML, other services,
prompt submission of statutory/regulatory reports, information
and data asked by RBI, GOI, etc. through a strict compliance
system. During the year 2011-12 the Compliance Policy was
revised, reviewed and the same was adopted by Board of
Directors in its meeting held on 11.5.2011. The revised
Compliance Policy incorporating necessary changes to prevent
deviations from standard norms was circularised to all sections
of the Bank thereafter. Compliance testing of operations at
branches was introduced during the year 2011-12 to render
deficiencies observed and rectified them on the spot to improve
operational efficiency. Critical issues were reported and discussed
at the appropriate level to enhance efficacy of the system.
7.9. Legal Matters:
The Bank had delivered legal advice on various matters referred
to it by all sections of stakeholders. The Bank had focussed on
the expeditious disposal of such matters for enhancing the
efficiency of operational tiers. To ensure this, a continuous
Monitoring System was in place. The Bank had extended its legal
service to cater to the need of recovery issues, personal and
industrial disputes filed by different sources, premises matters,
legal audits, documentations, tribunal requirements, Ombudsman
compliance, etc. Empanelment of good lawyers was done
successfully to set and maintain benchmark for legal issues.
+| .||·|-|·| .|·|-| +·-| + r| ||·|+ .||·|-|·| +||+·| ~||||·|| |+·
·|·
~-|·| ·| ·+ ·|-|·||-| +-| +| ··||·|-|| +| ·|, r |·|·|·| |+ ·||+||
|·|+|||| ·|· ·|·|| ·| |·|| .|·|||| ~-|||| +|·||, +| ·|| ·|+ +·|·
·|||·|·| .|·|·|-| ||·||·| +| ·|·|-| |+|| ·||| r |·|·|·| +·|· ·| ·|·||·||
·|·|| ~|+· +-|+| ·||-||·|··| |·|| ··|··||| |+|| ·|| ·|+ ·||·||~|
·| +|| +·-|||-| ··|+ ·|··|| ·| ·|·||·|| -|||||| +| ~|·|| +· |·||
·||| r |·|| ·-r |-|||·|+-~||·|+||~| + ·||· ·| ·||-|+|·| ·| ·|, r
·| ~-|·||-|-| ·| ·|·||· + ····| ·| |··|||-|··| ·|| ·||·| |+· ·|· r
|·| 2011-12 + ·|·|-| ~{|-||· ·|· |-|||·+ ·||+|| ·{|||| ·| ·| +·
|-|·-||-||·|| r :-
v ||· ·|·|| r|, ·||r+| +| |·|-|| ·· |+· ·|-| + ·|·|| ~|r··| +|
·||-|+|·| ··|··|··| ,|·| ·| ·||·
v ·|·| ·||·| + ·|·|| ~|r··| +| ·|·|·|+ ··|||·| + ·||·|·| ·|
·||||·|| |+|| ·||· |+ +| ·||| ·r¸ ·r| {·r ¤r; ¤rº |+··|| ·|
+| ·||·
v ||· ~|r··| + ·|·||| ·|·| ·||·| -|-| r| || |+ +| ·|||-|| +|
·||·
v +|, ·|| ·||r+ |+·|| ·|| ~-|·||-| ||- +| ~{|-| |+ +| ·||-||
·|--|| -| ·
7.8. ¤-r ·rr-r-r:
·|+ ·||·||| |··|| ·|+ ,|·| |-|·|||·| ~-|·||-|-| + ·|· ·|· ||·|·| ·||-|
· ·r| r ·+ +·| ~-|·||-|-| .|·||-|| + ·||·|·| ·| ·||r+ ·|||, ·|·||,
~|·|·|, +|||·||/···|·-| ·|·|·|| +|| ·| |-||·| |·|| ·||·||| |··|| ·|+
·| ·||·| ·|·+|· ~||· ,|·| ~{||-|| ·|||||·|+ /|-|||·|+ |··||·, ·||-||
·| ~|+· +| ||·| .|·||| +| ·|+ ·||-||·|| +· ·|+| r |·| 2011-
12 + ·|·|-| ~-|·||-|-| -|||| +| ·|·||-|| +| ·|, ·| ··| ·|·|||·|| |+||
·||| |·|| |·-||+ 11.05.2011 +| ·|+ ·| |-|··|+ ·|÷-| -| ··|
·||+|· +· |-||| ··|+ ·|·||| ·|·|||·|| ~-|·||-|-| -|||| ·| ~||·|+
·||·||-|| +| ·|||·|-| +·| r·, |·|·|·| ·||-|+ ·||-|·÷ ·| |||-|-| -| r|,
··| ·|+ + ·|·|| +|||-||| +| ·||·|||-|| |+|| ·||| |·| 2011-12 +
·|·|-| ·||·||-|-| ·-||| ·| ·|·||· -||-| r| ·||, ·|, +|·||| +| ··|| ··||-|
·|· ·· +·-| + |-|· ~-|·||-|-| ·||| +| +|| |+|| ·||| -||·|+ ·|·| +|
|··||· +| ·|, ~|· .|·||-|| ·| ·|·||· +·-| r| ··| ·|· ·{||- ·|· ·|·
||||· ||·|·| ·|| |+|| ·|||
7.9. |·r|·r+ -rr-r-r :
·|+ -| ·|·|| |r|·||·+| ,|·| .||·|| |||·|--| ·||·|-|| ·|· |||·|+ ·|·|·|·|
|·|| r {||·||-|-| ||··|| +| ·-||| ·| ·|·||· -||-| r| ·|+ -| ··|
·||·|-|| + ||·| |-|·|·|-| ·|· ·||-| +|-| |+|| ,·| ·||-||·|| +·-| +
|-|· -|·||||· ·||-||·|··| .|·||-|| .||-|-| ·| r ·|+ -| |·|-|| + ·||·|-| ,
|||·|--| ·|||| ·| ·||· +||·|+ ·| ~|·||·|+ ||||·, ·||··|· + ·||·|-| ,
|||·|+ -| ·||·|·|-||, ··||| ·||+··|, · |,·| -|-| +| ~·| -||, -|| +·||-| ~-| ·||-|-|
·| ·|·||·|| ·||·|-|| ·|· ~{|-|| |||·|+ ·|||· .|·|-| +| |||·|+ ·||·|-| ·|
·+ ·|· ·|-||· ··|-| + |-|· ~· |+|-|| +| ,·|-|-| +·-| +| +||
·|+-|||·||+ |+|| ·|||
!
8. HUMAN RESOURCES MANAGEMENT:
Manpower
The total staff strength of the Bank as on 31st March, 2012 stood
at 23,259 including 112 employees serving overseas, 15 of which
are expatriate officers. The total domestic staff strength of 23,147
comprises of 9059 Officers, 9171 Clerks and 4917 Subordinate
staff.
The percentage of Scheduled castes (4716) and Scheduled Tribes
(1179) in the total domestic staff strength is 25.46. Besides there
are 1309 OBC employees in service of the Bank at the end of FY
11-12 and 1148 employees belong to Minority Communities. Out
of the total work force 14.33per cent constitutes women
employees compared to 13per cent in 2011.
During the year 2011-12 initiatives were taken by the bank for
development of SCs, STs, OBCs, Persons with Disabilities, Ex-
Servicemen and Women; and pre-promotion/recruitment trainings
were imparted to SC/ST candidates as per Government of India
directives.
Recruitment
A total number of 768 Officers have been recruited during the
year 2011-12 which includes 102 SCs, 51 STs and 216 OBCs.
243 of these Officers are Women, 11 are Persons with Disabilities
and 46 belong to Minority Communities. 867 Clerks have also
been recruited during the Year 11-12 which include 134 SCs, 117
STs, and 242 OBCs, 52 Ex-Servicemen, 43 Persons with
Disabilities and 42 Persons belong to Minority Communities.
Moreover the Bank has also initiated the process of recruitment
for 1000 Clerks and 1100 probationary Officers during the year
2012-13.
Promotions
During the year, 8 Executives were promoted to Top Executive
Grade Scale VII. 41 Executives were promoted from Scale-V to
Top Executive Grade Scale-VI and 114 Executives were promoted
from Scale-IV to Scale-V. Besides, 130 Officers were promoted
to Scale-IV, 574 to Scale-III and 1040 to Scale- II. In addition,
under specialist category, 2 Officers were promoted from Scale-
IV to Scale-V, 3 Officers were promoted from Scale-III to Scale-
IV, 12 Officers to Scale-III and 3 Officers to Scale- II.
Further, during the period, 8 Sub-ordinate Staff got promoted to
Clerical Cadre under Graduate channel and process for other 2
channels for promotion to Clerical Cadre is in progress.
Staff Welfare Measures
During Financial Year 2011-12, the Bank has implemented the
following Staff Welfare Measures:
MODIFICATIONS/CHANGES IN THE EXISTING SCHEMES:
1) UCO Diamond Jubilee Prize Scheme - This scheme
has also been extended to the meritorious wards of
permanent subordinate staff members (including PT
Sweepers in scale wages) in recognition of their merits
for securing higher marks in 12th Standard &
Graduation level (10 prizes- i.e. 5 each for 12th
Standard & Graduation).
8. -rr-r·r ªr ªrr·r-r ir·r ·r-r
»r-rºr|+
31 ·|||, 2012 +| ||·|·| +| ·|+ +| +-| ··|+ ·|·|| 23,259 ·||
·-|·| ·| 112 ··|+ ·|··| ||··| ·| +|| +-| ·r r ·| |·|·|·| 15
·|··| -||·-|||-| ~|·|+|·| r ··| ·| +|·| +·-|||-| +-| 23147 ··|+
·|··|| ·| ·| 9059 ~|·|+|·|, 9171 |-||·|+ ·| 4917 ~·||-|··| ··|+
r
··| ·| +|·| +·-|||-| +-| ··|+ ·|··|| ·| ~-|·|||| ·|||| (4716) ·|
~-|·|||| ·|-|·|||| (1179) +| .|||·|| 25.46 r ,·|+ ~|||·- |·|
11-12 + ~| |+ 1309 ~|·||·|| +·|||·| ·|+ +| ·||| ·| r ·| 1148
~-·| ·|·|+ |·| + r +-| ··|+ ·|··|| ·| ·| ·||r-|| ··|+ ·|··||
+| per cent |·|·-| |·| 2011 + 13 .|||·|| +| |-|-|| ·| ,·| |·|
14.33 .|||·|| r
|·| 2011-12 + ·|·|-| ·|+ ,|·| ~·||, ~·|·||, ~|·|·||, |-|··|- ||-,
·||·|| ·||-|+ ·| ·||r-|| +·||||·|| + ||+|·| r| +, ·|r-| |+· ·|·
|·|| ·||·| ·|·+|· + |-|··| + ~-|·|··| ·| ·|·|--||| ·|| /·||| ·||
.||·|-|·| .|·|-| |+· ·|·
-r·ri
|·| 2011-12 + ·|·|-| +-| 768 ~|·|+||·|| +| ·||| +| ·|, |·|·|·|
102 ~·||, 51 ~·|·||, 216 ~|·|·|| + ·| ,-|·| ·| 243 ·||r-||
~|·|+|·|, 11 |-|··|- ||- ·| 46 ~-·| ·|·|+ |·| + ·| ,·|| |·|
867 |-||·|+| +| ·||| +| ·|, |·|·|·| 134 ~·||, 117 ~·|·||, 242
~|·|·||, 52 ·||·|| ·||-|+, 43 |-|··|- ||- ·| 42 ||- ~-·| ·|·|+
|·| + r ,·|+ ~|||·- ·|+ -| |·| 2012-13 + ·|·|-| 1000 |-||·|+
|·|| 1100 {||·||-||·||-| ~|·|+||·|| +| ·||| .||+|| .||··| +· ·| r
{r<r--r|·r·rr
|·| + ·|·|-| 8 +||·||-|+ ·| +||·||-|+ ·|÷ ||-|·||-|- VII ·|, 41
+||·||-|+ ||-|·||-| V ·| ·| +||·||-|+ ·|÷ ||-|·||-| VI ·| ·| 114
+||·||-|+ ||-|·||-| IV ·| ||-|·||-| V ·| ·|·|--|| |+· ·|· ,·|+
~|||·- 130 ~|·|+|·| ||-|·||-| III ·| ||-|·||-| IV ·| , 574 ||-|·||-|
III ·| ·| 1040 ||-|·||-| II ·| ·|·|--|| |+· ·|· ,·|+ ~|||·-
||·|·|-| ·|·|| + ~|·|| 2 ~|·|+|·| ||-|·||-| IV ·| ||-|·||-| V ·|, 3
~|·|+|·| ||-|·||-| III ·| ||-|·||-| IV ·|, 12 ~|·|+|·| ||-|·||-| III ·|
·| 3 ~|·|+|·| ||-|·||-| II ·| {|·|--|| |+· ·|·
,·|+ ~|||·- ,·|| ~||·| ·| 8 ~·||-|··| +·|||·| ·-|||+ |-|-| +
~|·|| |-||·|+ ·||·| ·| ·|·|--|| |+· ·|· ,·|+ ·||·| r| |-||·|+ ·||·|
·| ·|·|--||| + 2 |-|-| +| .||+|| |-| ·r| r
+-r-rrº| +-·rrºr ={rr·r
||·||| |·| 2011-12 + ·|·|-| ·|+ -| |-|·-||-||·|| +·|||·| +-||·|
·{|||| +| +|||-||-| |+| ·|||
·r·r -rr-r ·rr »r-rr -r ªr ºrr ·r-r/{r|º·r·r -r :
1) ªÉÚ EòÉä ½Ò®Eò VɪÉÆ iÉÒ {ÉÖ ®ºEòÉ® ªÉÉä VÉxÉÉ –ºlÉɪÉÒ +vÉÒxɺlÉ º]É¡ò
·|··|| (||-|·||-| ·|·|··| ·|· ~·|+||-|+ ·|+|, +·|||·|
·||r|) + ·|·|||| ·|||-|| +| 12 || +-|| |·|| ·-|||+ ·|·
·|· ·| ~+ .||·| +·-| ·|· ·-|+| ||·||| + ·||-|||-
·|¬ ·| ,·| || ·|-|| ·| ·|||·|-| |+|| ·||| r (10 {|··+|·
~·||| 12 || +-|| |·|| ·-|||+ + |-|· 5-5 {|··+|·)
!
2) Reimbursement of cost of spectacles to the
employees in the age group of 40 years and above
- Increase in amount from `500.00 to `1000.00.
3) Educational assistance to the school/college going
dependent son/daughter of the deceased
employees where no compassionate appointment
has been offered - Financial assistance of ` 5000.00
p.a. has been extended till completion of the Course
of the children.
4) Financial assistance of ` 5000.00 to the mentally
retarded child/ ` 3000/- to physically challenged
child of the employee and one time assistance for
purchase of certain artificial aid/accessories - In
respect of the scheme of financial assistance for
physically challenged & mentally retarded children of
employees, the age bar has been extended from 21
year to 25 years in cases of mentally retarded children
of the employees.
5) Group Mediclaim Insurance Scheme for in-service
employees and their dependents with M/s United
India Insurance Co. Ltd. - Renewed with
enhancement in sum assured from ` 1.50 lac to ` 2.00
lac which has further been enhanced from ` 2.00 lac
to ` 5.00 lac with effect from 31.03.2012 valid up
31.10.2012.
6) Renewal of Group Mediclaim Insurance Scheme
for retired employees and their spouse with M/s
United India Insurance Co. Ltd. - Enhancement in
sum assured from ` 1 lac to ` 2 lac - which is effective
from 31.03.2012 and valid upto 30.03.2013.
NEW SCHEMES
1) Payment of funeral expenses to the family of retired
employees from the staff welfare fund - Scheme for
payment of funeral expenses has also been extended to
fami l y members (spouse/son/daughter) of reti red
employees in the event of death of the retired employee up
to a maximum amount of ` 5000.00 (one time).
2) Bank has decided to initiate a Holiday Home at Shirdi
(Maharasthra).
3) Blood Donation & Preliminary Health Check-up camps have
been organised at Zonal Office levels during the foundation
week of the bank beginning with 6th January - Maximum
permissible expenses were limited to `10000.00 for each
Zone.
Industrial Relations
During the period, the Industrial Relations climate in the Bank
remained healthy and cordial between the Management and the
Unions/ Associations. IR meetings and discussions were held
with Unions / Associations at periodic intervals sharing co-
operative attitude and mutual respect during the financial year
2011-12.
2) 40 ·r·r {·r =ªrªr =·rº + +-r -rr|º·rr + |-r{ -rº-r +|
-rr·r·r +| ir|·r·r¸ |·r – ·||·| `500.00 +| ·|«|+· `1000.00
+·-||
3) »rrr ¤-r + ·rr + ¤r·rrº ·rº |-r·r |+ -rr| <| ·r; r ·r ªr -r ·r+
Eò¨ÉÇ SÉÉÊ®ªÉÉå Eä ò ºEÚ ò±É/+r -r »r -r ·r«-r ·rr-r ¤|r>r·r ·r >r/{r >r| +r
ºr =r|ºr+ ªrrr·r·rr - ` 5000.00 .||| |·| +| ||·||| ·|r||||
·|«|, ·|·||·| r|-| |+ .|·|-| +| ·||··||
4) Eò¨ÉÇ SÉÉ®Ò Eä ò ¨ÉÉxÉʺÉEò = ·r ºÉä VÉc¤ÉÖ Êr ´ÉɱÉä ¤ÉSSÉä EòÉä
`5000.00 / ºrrº||º+ = ·r ªr |-rºr+ ·r--r +r ` 3000.00
+| |·r-r|·r ªrrr·r·rr ·r·rr + o + |>r-r ªrr·r-r / ={r+ººr +|
=rº|< r ·r {+·rrº·r| ªrrr·r·rr – +·||||·|| + ·||·||·+
¬ ·| ·| |-|··|- |·|| ·||-||·|+ ¬ ·| ·| ·|··||; ||-| ·|| +|
||·||| ·|r|||| ||-|| ||·|-|| + ·|·|·| ·| ~|| ·||·|| +|
·||-||·|+ ¬ ·| ·| ·|··||; ||-| ·|| + ·||·|-| ·| 21 |·| ·|
·|«|+· 25 |·| +· |·|| ·||| r
5) ªr ·rrº·r +-r -rr|º·rr {·r =-r+ ¤|r>r·rr + |-r{ -r . ·r -rr;c =
; |=·rr ; º·r¸ º ªr + . |-r. + ªrr·r ªr-r¸ r -r =|+-r -r ·r|-rr ·rr »r-rr
- ·||·||+| ·||·| +| ` 1.50 -||·| ·| ·|«|+· ` 2.00 -||·|
|+|| ·||| |·|·| 31.03.2012 +| ·|-|· ·|«|+· ` 5.00 -||·|
+· |·|| ·||| ·|| 31.10.2012 |+ | ·| r
6) ªr ·rr|-r·r -r +-r -rr|º·rr ·r·rr =-r+ »r|·r-rªrr·r| (ª·rr=»r) +
|-r{ -r. ·r -rr;c = ; |=·rr ; º·rr º ªr + . |-r. + ªrr·r ªr-r¸ r
-r |=+-r -r ·r|-rr ·rr »r-rr +r -r·r|+ººr – ·||·||+| ·||·| +|
`1.00 -rr=r ·| ·|«|+· ` 2.00 -rr=r +·-|| |·|| |r
31.03.2012 ·| .|·|||| ·| 30.03.2013 |+ | ·| ·r ·||
-r; ·rr »r-rr{
1) +·|||·| +-||·| |-||·| ·| ·||||-||·| +·||||·|| + ·||·||· +|
~||·| ·|·+|· + || +| ·|·|||-| – ·||||-||·| +·||||·|| +|
·|| +| ··|| ·| ~|·|+|·| ` 5000.00 (·+·||··||) |+ ·||||-||·|
+·||||·|| + ·||·||· + ·|··|| ({|||-{|-||/{|~|/{|~||) +| ~||·|
·|·+|· + || + |r| ·||·| + ·|·|||-| +| ||·|-||
2) ·|+ -| |·|·÷| (·|r|·|··) ·| ·+ ~|+|·|-·|r ·||-|-| +| |-|·||
|+|| r
3) 6 ·|-||·| ·| ·|¬ r· ·|+ + ··||·|-|| ·|·||r + ·|·|-| ~|-|
+|||-|| ·|· ·|· ·-–·|-| |·|| .||·||·|+ ·||··| ·|| | |·|||·
-|·||· ·|· - ,·|+ |-|· .|| + ~ |-| +| ~|·|+|·|
`10000.00 |+ || +·-| +| ~-| ·||| .|·|-| +| ·|,
¤r cr |·r+ ªr ·r ·r
·|·||-||·||-| ~||·| + ·|·|-| .|·|·|-| |·|| ||-||-||/··|||·||·|-|| + ·|||
~|·||·|+ ·|·|·| +| ·||·|·| ·|··| ·| ·||r|··|·| ·|-|| ·r| ||·||| |·|
2011-12 + ·|·|-| ~|||·|+ ~|·|-| ·|· ||-||-|| / ··|||·||·|-|| + ·||·|
~|·||·|+ ·|·|·| r| ·|+ ·|-||, ·|, |·|| ||||·-||·|·| |+· ·|· |·|·|·|
·+-··|· + .||| ·|r||·||·|+ ··| ~·|-|||| ·||| |·|| ~|···||| .|·|·||
|+|| ·|||
!
Training
During the year 2011-12, a total number of 8,160 participants
comprising of Officers, Clerks and Sub-staff were trained in the
Banks' Central Staff College and five Regional Training Centres
through a total of 18 channels.
Over and above this, 243 Officers were nominated for specialized
training in Credit, IT, Risk management, Forex, and Leadership
programmes to Institutes such as NIBM, IIBM, IDBRT, BIRD,
CAB, NIRD, and FEDAI. 7 Executives attended overseas training
programmes.
9.COMPLIANCE OF OFFICIAL LANGUAGE POLICY:
The Bank has taken proactive steps to implement the Official
Language Policy of Govt. of India and has meticulously taken
steps to comply with the provisions of Official Languages Act
and the Rules made thereunder. The Bank has also taken
appropriate follow-up action to implement the directives as
contained in the Annual programme with regard to the use of
Official Language Hindi issued by Government of India, Ministry
of Home Affairs, Dept. of Official Language and also endeavoured
to achieve various targets prescribed in the said programme.
Bank has also given preferred attention to comply with the
instructions of Financial Services Department, Ministry of Finance
and Reserve Bank of India regarding the use of Hindi in official
work.
Eighty six Hindi Workshops, including workshops for Chief
Officers/ Senior Officers were organised by the Bank for the
Officers and employees to motivate them to do their work in Hindi.
Total 1711 Officers / employees were trained through these Hindi
Workshops. 472 branches were inspected by Official Language
Officers posted at different Zonal Offices, 10 Zonal Offices and 5
depts. of Head Office were also inspected by Official Language
Officers posted at Head Office during the period under review to
evaluate the performance in the area of implementation of Official
Language Policy of Govt. of India and necessary remedial
measures were also taken to remove the deficiencies observed
in such inspections.
The Bank successfully organised various competitions, rendered
editorial assistance to other Public Sector Banks & Financial
Institutions in conducting 'HINDI UNICODE WORKSHOP' & 'Hindi
workshop' under the auspices of different TOLICs. During the
period under review Zonal Office, Lucknow and Zonal Office,
Dharamshala were awarded 1st Prize /Shield and 2nd Prize,
respectively by TOLIC Lucknow and Dharmashala. In addition,
Members of staff of our Bank working at H.O., Kolkata won 10
prizes, Lucknow 6 prizes, Ranchi 2 prizes, Jaipur 2 prizes, Raipur
1 prize, Bhagalpur 1 prize, Ahmedabad 2 prizes, Nagpur 2 prizes,
Chennai 1prize, respectively at various competitions organized
on the occasion of "HINDI DIWAS" under the aegis of different
TOLICs.
"Hindi Month", "Hindi Fortnight", "Hindi Week" were celebrated
enthusiastically at Head Office as well as Zonal Offices, Central
Staff College, Regional Training Centres and Branches. During "
ir|ºr=rºr
|·| 2011-12 + ·|·|-| 8160 .|||·|||·||| +|, |·|-|·| ~|·|+|·|, |-||·|+
·| ~·||-|··| ·||·| + +·|||·| ·|||·|-| ·| , ·|+ + ·|·-| ··|+ +|-|·|
·| ·||| -|~||| .||·|-|·| +-| ·| +-| 18 |-|-|| + ·||·|·| ·| .||·||-||
|+|| ·|||
,·|+ ~|||·- ·-|~|,·||··|, ~|, ~|, ·||··|, ~|, ÷|·||~|··|, ·|÷, +·|,
·-|~|, ~|·÷| |·|| + ÷|, ·| ·| ·| ··||-|| ·| ~·|, ·| |-|| .|| ·| |·|+|, ·|| |·|·|
.|·|·|-|, ||··|| ·|-| |·|| -||| ·|·|·|| ||·|·||+| .||·|-|·| +||+·|| +
|-|· 243 ~|·|+||·|| +| -|||·|| |+|| ·||| 7 +||·||-|+| -| ||··|| ·|
~||||·|| .||·|-|·| +||+·|| ·| ·||·| |-|||
9. ºr»r-rr·rr -r||·r +r ¤-r ·rr-r-r :
·|+ -| ·||·| ·|·+|· +| ·|·|·||·|| -|||| + +|||-||-| + |-|· ·||+|
+··| ·|· |·|| ,·|+ ~·||-| ·|-||· ·|· ·|·|·||·|| ~|·||-||·| ·| |-||·|
+ ··|·|·|| + ~-|·||-|-||·| ·||-|·||+ +|·||, +| ·|+ -| ·||·| ·|·+|·,
·|r ·|~||-||, ·|·|·||·|| ||·||·| ,|·| ·||·| |+· ·|· ·|·|·||·|| |r·| +
.|||·| ·|·|·|| |||·|+ +||+·| ·| |·|||-||r| |-|··|| +| +||||-|| +·-|
r| ·|·|||| ~-|||| +|·||, +| |·|| ·- +||+·| ·| |-|·|||·| |||·|--|
-|-|| +| .||·| +·-| + |-|· ·|··|· +||·|·| ·|| +| ·|+ -| +|||-|||-|
+|| ·| |r·| + .|||·| ·| ·|·||·|| ||·||| ·|||· ||·||·|, ||·| ·|~||-|| |·||
·||·||| |··|| ·|+ + ~-|··| + ~-|·||-|-| ·|· ·|| ||·|·| ·||-| |·||
·|+ ,|·| ~|·|+||·|| ·| +·||||·|| + |-|· |·||·|| |r·| +||·||-||·,
|·|-|·| ·|·| .|·|·|+| /||·· .|·|·|+| + |-|· +||·||-||· ·|||·|-| r ,
~||||·|| +| ·|, |||+ | |r·| ·| ~·|-|| +|| +·-| r| .||·|||r| r|
·|+ ,-| |r·| +||·||-||~| + ·||·|·| ·| +-| 1711 ~|·|+||·||/
+·||||·|| +| .||·||-|| |+|| ·||| ·|·||-||·||-| ~||·| + ·|·|-| ·||·|
·|·+|· +| ·|·|·||·|| -|||| + +|||-||-| + -|~| ·| +|||-|··||·-| +|
·| -|| |+| +·-| r | |||·|--| ~ |-| +||| -||| ·| ·|···| ·|·|·||·|| ~|·|+||·||
,|·| 472 ·||·||·, .|·||-| +|||-|| ·| ·|···| ·|·|·||·|| ~|·|+||·|| ,|·|
10 ~|-| +|||-||| ·| .|·||-| +|||-|| + 5 ||·||·|| + |-|·|-|·| |+·
·|· |·|| ··| |-|·|-|·| ·| ·||, ·|, +|·||| +| ·· +·-| r| ~||·|+
|-|||·+ ··||| ·|| |+· ·|·
·|+ -| |||·|--| -|·|· ·|·|·||·|| +|||-||-| ·||·||||| + ||||·||-| ·| +,
.||||||·|||· ·|+-|||·||+ ~||||·|| +|, ~-| ·|·+|·| -|~| + ·|+| ·|
||·||| ·|··||~| +| ·|| '|r·| ||-|+|÷ +||·||-||' ·| ‘|r·| +||·||-||
~||||·|| +·-| ·| ·|·· +| ·|·||-||·||-| ~||·| + ·|·|-| ~|-| +|||-||,
-|·|-|+ |·|| ~|-| +|||-||, ·|·|·||-|| +| -|·|· ·|·|·||·|| +|||-||-|
·||·|||, -|·|-|+ ·| ·|·|·||-|| ,|·| +·|·|: .|·|·| ·|··+|·/·||-÷ ~|·
|,||| ·|··+|· .|·|-| |+· ·|· ,·|+ ~|||·-, |||·|--| -|·|· ·|·|·||·||
+|||-||-| ·||·||||| + ·|||-|·| ·| |r·| |·|·| + ~|·|· ·|· ~||||·||
+, .||||||·|||~| ·| r·||· ·|+ + .|·||-| +|||-|| ·| +||·| ··|+-
·|··|| -| 10 {|··+|·, -|·|-|+ ·| +||·| ··|+-·|··|| -| 6, ·||| ~|·
·||·|· ·| +||·| ··|+-·|··|| -| +·|·|: 2-2, ·||·|· ·| ·||·|-|·|· ·|
+||·| ··|+-·|··|| -| +·|·|: 1-1, ~r·|·|·||· ·| -||·|·|· ·| +||·|
··|+-·|··|| -| +·|·|: 2-2 ·| |·| ·| +||·| ··|+-·|··|| -| 1
{|··+|· ·|||
.|·||-| +||| -|| |·|| ~ |-| +||| -|||, ·| · -| ··| + +| -| ·|, -| ~||| .||·|-|·|
+-| ~|· ·||·||~| ·| “|r·| ·||r”, “|r·| ·|·|||·|” ·| “|r·| ·|·||r”
··||r·| | + ·|-||· ·|· .|·||-| +||| -|| ·| “|r·| ·||r” + ·| ·|-| +|| ·||-|+| /
!!
Hindi Month " at Head Office, Hindi Competitions and various
Official Language awareness programmes for the Executives/
Officers, Clerks and Sub-Staffs were organised.
During the period under review Our Bank successfully hosted
the meetings of Official Language Implementation Committee of
Financial Services Dept., Ministry of Finance (for Public Sector
Banks and Financial Institutions) and Public Sector Banks under
the auspices of Reserve Bank of India in Kolkata on 16th July,
2011. In view of the requirement to accelerate the pace of
implementation of Official Language Policy of Govt. of India, All
India UCO Bank Official Language Officers' Conference was
organised in Mumbai on 29th and 30th December, 2011.
Various forms / publicity materials / procedural booklets viz. report
of Annual General meeting of Shareholders, Manual of
Instructions and Minutes of various Board Committees were
prepared in bilingual form. Hindi text of the materials for our Bank's
Website was also prepared and in ATM Screen of the Bank
information /guidelines, as the case may be, were made available
in trilingual form i.e. in Regional Language, Hindi and English.
Sufficient amount was allocated by the Bank for the purchase of
classic literary Hindi books, dictionaries, technical glossaries,
Hindi books on computer/banking etc. and famous literary books
in regional languages written by renowned litterateurs.
10.FUTURE PLANS:
The year 2012-13 shall be the year of Retail Banking in both
asset and liability category for the Bank. However, the Bank shall
continue to focus on Recovery. The Bank shall be aiming at
crossing two major milestones such as total business of more
than three lac crore rupees and branch network of more than
2500 by March, 2013. The Bank shall also be focusing on more
leveraging technologies to make the Bank more user friendly by
working through business reengineering processes.
III. BOARD OF DIRECTORS:
11. CORPORATE GOVERNANCE:
The Bank firmly believes in and has consistently practiced good
corporate governance which is woven around its core values of
transparency, professionalism and accountability. By constantly
focussing on these aspects in its day-to-day operations, the Bank
strives to enhance shareholders' value. The Bank being
committed to the principles of good governance, its Board of
Directors has formed various committees of the Board to monitor
every aspect of Bank's business.
The systems and busi ness processes of the Bank are
continuously reviewed at various levels for identifying and
strengthening areas of weaknesses, if any. The Directors of the
Bank believe that good governance is the key to earning trust,
loyalty and goodwill of clients, business associates, employees
and investors and respect from the society at large.
Changes in the Board of Directors
On being appointed by the Government of India, Shri S.
Chandrasekharan took over as the Executive Director of the Bank
w.e.f. 01.10.2011. Shri S. K. Sinha served as the Government
~|·|+||·||, |-||·|+ ·||·| ·| ~·||-|··| ·||·| + +·||||·|| + |-|·
|r·| .||||||·|||· |·|| ·|·|·||·|||| ·||·|¬ +|| +||+·| ~||||·|| |+·
·|·
·|·||-||·||-| ~||·| + ·|·|-| r·||· ·|+ -| +|-|+||| ·| |·-||+ 16 ·|-||,,
2011 +| ||·||| ·|||· ||·||·|, ||·| ·| ~||-|| (·|·+|·| -|~| + ·|+| ~|·
||·||| ·|··||~| + |-|·) |·|| ·||·||| |··|| ·|+ + ||||·||-| ·|
·|·+|·| -|~| + ·|+| +| ·|·|·||·|| +|||-||-| ·||·||| +| ·|+| +|
·| ·|·||-|| ·|+-|||·| | + +| ·||·| ·|·+|· +| ·|·|·||·|| -|||| + +||| -||-|
+| ·||| +| |·| +·-| +| ~·|-|| +| ·||-| ·| ··|| r· |·-||+ 29 ·|
30 |··|·|·, 2011 +| ·|·|, ·| ~|·|-| ·||·||| |+| ·|+ ·|·|·||·||
~|·|+|·| ·|··|-|-| ~||||·|| |+|| ·|||
+, +|·| / .|||· ·||·|·|| / .||+||·|+ ·||·|+|· |·|| ·||··||·+| +
|||·|+ ·||·||-| ~|·||·|-| +| |··||· , ~-|··| ·||·|+|· |·|| |||·|--| ·||÷
·||·||||| +| ·|+| + +|||·| |,·|||·|+ ¬ ·| ·| |||· |+· ·|· r·||·
·|+ +| |·|·||,· +| ·||·|·|| + |r·| ·|| ·|| |||· |+· ·|· |·|| ·|+ +
··|··| ·+|-| ·| ·||-|| / |··|||-|··|, ·|·|| ·|| |··||| r| , ~|·|||·|+ ¬·| ·|
~·||| -|~||| ·||·||, |r·| ~|· ~·|·|| ·| ··|-|··| +·|· ·|· ·|+ ,|·|
|r·| +| ·|·|| ·|||r| +| ·|·|+| , ·|··+|·||, |+-||+| ·|··|||-||| ,
+·|··/·||+·| ~||· ·| ·|·||·|| |r·| ·|·|+| |·|| .||·|; ·|||r|+|·|
,|·| -|~||| ·||·||~| ·| |-||·|| ||·||| ·|||r||+ ·|·|+| +| ·|·|· +
|-|· ·|||·| ·||·| ~|·||·| +| ·|,
10. -rr·r| ·rr »r-rr{ :
|·| 2012-13 +| ·|+ -| ~||·| ·| ·|||· ·|-|| r| ·||·||| ·| |··-|
·||+·| |·| + ¬ ·| ·| |||r-|| |+|| r r|-|||+ ·|+ |·|-|| ·|· -|·||||·
·|-| ·|| ·r·|| ·|+ -| ·||| , 2013 |+ ||-| -||·| +·|· +| +-|
+|·|·||· ·||r| 2500 ·| ~|·|+ ·||·||--|·|+ + ·| ·|r|·|·| +|||·||-|
··|||·|| +·-| +| -|-| |-|·|||·| |+|| r ·|+ .||·||·|+| +| ·--||
+·-| +| ~|· ||·|·| ·|-| ··|| |||+ ||·||· ·|-|||-||·| .||+|| + ·||·|·|
·| +|| +·| r· |r .|||-|-|r|·|| ·|-| ·|+
III. |-r< ºr+ -r =-r :
11. +rº·rr º c ¤|-rºrrªr-r :
··|·| +|··||·· ~|·|·||·|-| ·|· ·|+ +| ~·· ||·||·| r |·|| |r -|·||||·
,·| ·|· ~·|-| +·|| ·r| r |r ·||··|·|||, {|·||· ·||-||·|+|| |·||
·||||·|| ·| + ~·|-| ~|·||··| | ·| -|| ·| ·| ·||| r ~·|-| · -| |·-| ·||·||-|-|
·|·|·|| ,-| ·|r-|~| ·|· |-|·|· ·|-| ·| r· ·|+ ·||··||·+| +| ·||-|||
+| ·|«|-| + |-|· ·|··|· .|||·| +· ·r| r ··|·| ~|·|·||·|-| + |·|;|||
+ .||| ·|+ + ||-||; r|-| + -||| ,·|+ |-|··|+ ·|÷-| -| ·|+-
+|·|·||· + .||+ ·|r-| ·|· |-|·|·|-|| ··|-| + |-|· |-|· ·|+ ·| ÷-| +|
||||·| ·||·||||| +| ·|-| |+|| r
+·|·||· -|~|| , ||· +|, r|, +| ·|r||-| +·-| ~|· ·-r ·|·|·|| +·-| r|
·|+ +| .|·||-||·|| ·| +|·|·||· ·|·|·|| .||+||~| +| -|·||||· ·|·||-||
|||·|--| ·|·| ·|· +| ·|||| r ·|+ + |-|··|+| +| |r ||·||·| r |+
··|·| ~|·|·||·|-| r| ·||r+| , +|·| ·||· ·|r|| |·||| , +·| |||·|| |·|| |-|| ·|+|
+| ~|··||, |-|·| ·| ·||··| |·|| ·|·|·||: ·|·||·| +| ·|··||-| ~|·||
+·-| +| +·|| r
|-r< ºr+ -r =-r -r ·r|º·r·r -r
·||·| ·|·+|· ,|·| |-||- |+· ·||-| + +-|·|¬ ·| ·|| ··|. |--·|·|·-|
-| |·-||+ 01/10/2011 + .|·||| ·| ·|+ + +||·||-|+ |-|··|+ + ¬·| ·|
+||·||· ·|r·| |+|| ·|| ··|.+. |·|-r| -| |·-||+ 10.06.2008 ·|
!"
Nominee Director in the Board from 10.06.2008 to 21.07.2011.
Thereafter, Dr. K. L. Prasad served as the Government Nominee
Director of the Bank from 22.07.2011 to 01.12.2011. With effect
from 02.12.2011, Shri Pravin Rawal has been appointed as
Government Nominee Director. Shri Manoj Kumar Gupta was
appointed as Chartered Accountant Director on 02.08.2011.
Shri Ajai Kumar relinquished the charge of Executive Director of
the Bank on 30.09.2011on his appointment as Chairman &
Managing Director of Corporation Bank. Md. Akhruzzaman who
joined the Board on 14.7.2010, resigned as Director of the Bank
on 18.05.2011. Another Director Shri Jai Dev Gupta resigned from
the Board on 13.06.2011. Shri Sanjeev Jain, on completion of his
tenure ceased to be a Director from 02.03.2012.
Meetings of the Board of Directors
During the financial year 2011-12, the Bank had 15 meetings of
the Board of Directors, 21 meetings of the Management
Committee of the Board, 11 meetings of the Audit Committee of
the Board. The number of meetings of various other Committees
of the Board held during the year 2011-12 are given below.
|·-||+ 21/07/2011 |+ ·||÷ ·| ·||·| ·|·+|· + -|||·||| + ¬·| ·| +||
|+|| |··|·||, ÷|. +.·-|. .|·||· -| |·-||+ 22/07/2011 ·| |·-||+
01/12/2011 |+ ·|+ + ·|·+|·| -|||·||| |-|··|+ + ¬ ·| ·| +||
|+|| ·|| .|||·| ·||-| +| ·|·+|·| -|||·||| |-|··|+ + ¬ ·| ·| |-||-
|+|| ·||| r ·|| ·|-||·| +·||· ·|·|| |·-||+ 02/08/2011 +| ·|-|·|
-| ·||+|· |-|· ·|+ + ¬ ·| ·| |-|| - |+· ·|·
+|·||··|-| ·|+ + ~·|-| ·| .|·|·| |-|··|+ + ¬ ·| ·| |-||- r|-| ·|·
·|| ~·|| +·||· -| |·-||+ 30/09/2011 +| ·|+ + +||·||-|+ |-|··|+
+| ·|· ||·| |·|| ·|| . ~·|···|·|| , |·|-r|-| |·-||+ 14/07/2010 +|
·||÷ ·| +||·||· ·|r·| |+|| ·||, |·-||+ 18/05/2011 +| ·|+ + |-|··|+
+| ·|· ||·| |·|| ·+ ~|· |-|··|+ ·|| ·||·| ·|·|| -| |·-||+ 13/06/
2011 +| ·||÷ ·| ||·|·|~| · |·|| ~·|-|| ·||| ~||·| ·|·| +·-| + ·||·
·|| ·|·||| ·|-| |·-||+ 02/03/2012 ·| |-|··|+ -|r| ·r
|-r< ºr+ -r =-r +| ·r a+
||·||| |·| 2011-12 + ·|·|-| ·|+ + |-|··|+ ·|÷-| +| 15, |-|··|+
·|÷-| +| .|·|·| ·||·||| +| 21 ~|· |-|··|+ ·|÷-| +| -|·||·|·|-|| ·||·|||
+| 11 ·|+| +| ~|||·|-| |+|| ·||| |·| 2011-12 + ·|·|-| |-|··|+
·| ÷-| +| ~-| |||·|--| ·||·||||| ,|·| ~||| |·|| ·| +| +| ·| ·|| |-|·-||-||·||
r :
+-r ªr. ªr|-r|·r +r -rr-r ¤r·rr |»r·r ·r a+r +| ªr =·rr
Sl No. Name of the Committee No. of Meetings held
1. ·|| |·|·| .|·| ·| ·||·|||
Risk Management Committee 4
2. ·||··||·+ |·|+||| |-|||··| ·||·|||
Shareholders' Grievance Redressal Committee 2
3. ·||· ~|··| ·||·|||
Share Transfer Committee 12
4. ·|·| ·||·| +| +·|·| ·|· |-|·|·|-|| ··|-| r| ||·|·| ·||·|||
Special Committee for Monitoring Large-value Frauds 4
5. |-|··|+ ·|÷-| +| ·||r+ ·||| ·||·|||
Customer Service Committee of the Board 4
6. ·|+ +| ·||-|| ·|·||·|-| ·|·|·|| ·|·| +| ·||·|||
Committee on HR-related issuesof the Bank 5
7. |-|··|+ ·|÷-| +| -||·||+-| ·||·|||
Nomination Committee of the Board 2
8. |-|··|+ ·|÷-| +| ·|||··||·|+ ·||·|||
Remuneration Committee of the Board 1
9. |-|··|+ ·|÷-| +| ·| ..|| . .|·| ·|-| ·||·|||
Committee of the Board on IT Management 1
Statement of Directors' Responsibilities
The Directors confirm that in the preparation of the annual
accounts for the year ended March 31, 2012 -
The applicable accounting standards have been followed along
with proper explanation relating to material departures, if any.
The accounting policies framed in accordance with the guidelines
of Reserve Bank of India, were consistently applied.
|-r< ºr+r + =-rº|<r·r··r +r |·r·rººr :
|-|··|+·|·| |r ·||·· +·| r |+ 31 ·||| , 2012 +| ·|·||·| |·| +
|||·|+ -|·| ·| –
||+||-|+ |||-|-| ·|, ||· +|, r|, ·|·||·|| ··||- ··|··|+··| ·||r|
.|||·| -|·||-.|·||-|| ·||-|+ +| .|||·| |+|| ·||| r
·||·||| |··|| ·|+ + |··|||-|··| + ~-|·||· ·|-||, ·|, -|·|| -|||||| +|
·+¬ ·||| ·| -||·| |+|| ·||| r
!#
(Arun Kaul)
Chairman & Managing Director
(~··| +|-|)
~·|-| ·| .|·|·| |-|··|+
|·-||+ : 5 ·|, , 2012
··||-| : +|-|+|||
Dated: 05
th
May, 2012
Place: Kolkata
·||| ~|· |||+·|··|| |-|·|| ~|· .||++-|-| |+· ·|· |||+ ||·||| |·|
+ ~| ·| ·|+ + +|| +| |··||| |·|| |·-||+ 31 ·|||, 2012 +| ·|·||·|
|·| ·| ·|+ + -||·| +| ·||| ~|· ·|r| ·|| ··|· ·|+
·||·| + ·|+| +| ·|||·|| +·-|||-|| .|||·| |||·||| + ··|·|·|| +
~-|·||· ·|||·| -|·|| ~|·|-|·| + ··|-··||| +| ~|· ·|·|||| ·| ·|||·|
·||-| |·|| ·|||; ~|· -|·| ·||| ~|·||· ·|· |||· |+· ·|· r
¤r-rrº
|-|··|+ ·|÷-| ·||÷ + ||||·-||·|·| + ·|·|| ~·|-|| ||·|·|-| ·-| r|
|-|||·||-| +||·||-|+ |-|··|+ ·|| ~·|| +·||· |·|| |-|||·||-| |-|··|+|
-||·||: ·||. ~·|···|·||, ÷|. +.·-|. .|·||·, ·|| ·||·| ·|·||, ·|| ··|.+.
|·|-r| ~|· ·|| ·|·||| ·|-| +| ·||·-·||· .|·|·|| +·|| r
·||÷ -|· |-|··|+| +| ·||·|| +·|| r |·|| ·|+ +| ·|||; ·| ·-|+
·|r·|-| ·|÷||| +| .|||·|| +·|| r |-|··|+·|·| ·||·| ·|·+|·, ·||·|||
|··|| ·|+ |·|| ~-| |-|||·|+ .|||·|+··|| + .||| ·-|+ ·|·|·|-| ~|·
·|r·|-| ·||·|··|-| + |-|· +|-| r
|-|··| ·|÷-| ~-| ||·||| ·|··||~| |·|| ·|·|+| ·|+| +| ·-|+ ·|··|·
·|r||·| + |-|· ·|-|||· -|||·|| +·|| r |-|··|+·|·| |-|·|||-| ·||r+|
+ ·|| ~|·||·| r |·|-r|-| ·|+ ·|· ~|··|| ··|| ~|· ··| -|·||||· ·|·-|·|
|·|| ·|| ÷ ·| + +| ··| + | |-||-|| / ··|| |·|··|-|| |·|| ·| + + ·| |··||·+|
+ ·|·|·|-| + |-|· ·-r ·|| ·|-|||· -|||·|| +·|| r |-|··|+·|·| ·|+ +
.||+ +·|||·| +| ·|·||·|| ·|||-|| +| r||·+ ·|·|r-|| +·| r |·|·|+|
|·|r ·| ·|+ +, +|||·||-| ··|||·|| +· ·|+|
|-|··|+ ·|÷-| + |-|· ~| · ··|+| ~| · ·| ,
Reasonable and prudent judgements and estimates were made
so as to give a true and fair view of the state of affairs of the Bank
at the end of the financial year and of the profit of the Bank for
the year ended March 31, 2012.
Proper and sufficient care was taken for the maintenance of
adequate accounting records in accordance with the provisions
of applicable laws governing banks in India; and the accounts
have been prepared on an on-going basis.
Acknowledgements
The Board of Directors places on record its deep appreciation of
the contributions made to the deliberations of the Board by
outgoing Executive Director, Shri Ajai Kumar and other outgoing
Directors namely, Md. Akhruzzaman, Dr. K. L. Prasad, Shri Jai
Dev Gupta, Shri S. K. Sinha and Shri Sanjeev Jain.
The Board would like to welcome the new Directors and looks
forward to their valuable inputs towards growth of the Bank. The
Directors remain thankful to the Government of India, Reserve
Bank of India and other regulatory authorities for their support
and valuable guidance.
The Board also thanks other Financial Institutions and
correspondent banks for their sincere co-operation. The Directors
express their gratitude to the loyal customers for their trust and
continuous patronage of the Bank. The Board also thanks the
Staff Unions/Associations and shareholders of the Bank for the
support extended by them. The Directors place on record their
deep appreciation of the dedication shown by each employee of
the Bank due to which the Bank could achieve so many
milestones.
For and on behalf of Board of Directors,
36
REPORT ON CORPORATE GOVERNANCE
1. Corporate Governance Philosophy of the Bank :
UCO Bank’s Corporate Governance Philosophy is to maintain
high standards of ethical practices in conduct of its business.
The Bank’s Corporate Governance policies are woven around
the core values of transparency and professionalism. The Bank
constantly endeavors to ensure implementation of best practices
aimed at enhancing the corporate governance that optimize the
value of all its stakeholders and the society, at large.
2. Board of Directors
The constitution of the Board of Directors is governed by the
provisions of the Banking Regulation Act 1949, Banking
Companies (Acquisition & Transfer of Undertakings) Act 1970,
Nationalised Banks (Management & Misc. Provisions) Scheme
1970 and The Banking Companies (Acquisition & Transfer) &
Financial Institutions Laws (Amendment) Act 2006. The
requirements of Corporate Governance as envisaged in the Listing
Agreement with the Stock Exchanges are to be read along with
these statutes.
The Directors are experienced and have requisite expertise in
the field of Banking, Finance, and Management so as to provide
appropriate directions and exercise effective control in the
functioning of the Bank.
2.1 The Chairman & Managing Director and two Executive
Directors are the whole time directors appointed by the Govt.
of India while the other Directors are appointed/nominated
under different sections of 9(3) (a) to 9(3) (h) of the Banking
Companies (Acquisition and Transfer of Undertakings) Act
1970 (hereinafter referred as Act).
Besides, under Section 9(3) (i) of the same Act, the
shareholders of the Bank are entitled to elect three directors
(other than the Central Government) from among
themselves.
+rº·rr º c ¤|-rºrrªr-r ªr ªr·r|·r·r |º·rrc
1. ·r+ +r +rº·rr º c ¤|-rºrrªr-r <ºr-r
·| +| ·| + +| +|··|| · ·ü ~|·|·||·|-| ··| -| ··|+ +|·| ·| |-||r·| ·|
··|·|·| -| |·|+ ·| -·|| +| ·|-||· ··|-|| r : ·| + +| +|·|| · ~|·|·||·|-|
-||||·|| ·||··|·||| ·| ·|||·|||·|+|| + ·|r|·| ·| ·| -·|| ·|· + |-| r
·| + ~|-| ·|·|| |r|·||·+| ¸| ·|·||·| +| ~|·|+|·| ·|r| · -| r |
+|··|| · · ~|·|·||·|-| +| ~| · ~|·|+ ·| ·| ; +·-| + |-|· ~·|-| ·||| ·|·|
·|;|| + +|·|| -|·|-| +| ·| |-||··|| +·-| + ·||| -|·||||· ·|·||·|·| r :
2. |-r<ºr+ -r=-r
|-|· ·|+ ·| ÷-| +| ·|-| ·| ++|·| |||-|·|·|-| ~|·||-|·|·| 1949, ·| ++|·|
+ ·|-|| ,··|+·|| +| ~·| -| ~| · ~ ·|·|) ~|·||-|·|·| 1970, ·|· |·|+ ·| ·| +
,·|·| ·| ~| · ||||·| ··|·| ·|) ·|| ·|-|| 1970 ·|·|| ·| ++|·| + ·|-|| ,~·| -| ~| ·
~ ·|·|) ~| · ||·||·| ·| ··|| |||·| ,·| ·|| ·|-|) ~|·||-|·|·| 2006 + ··|·| ·||
;|·| ·|||·|·| r| ·|| r : +|··|| · · ~|·|·||·|-| ·| ·| ·|| ~||··|+·||~| +| ,·| ·||
|+ ·| + ¸+·|| ·|| + ·||·| ·| ||+·| +·|· ·| |··|| ·|·|| r , ,-|
·| |||·|·|| + ·||·| ·|«| ·||¸:
·| + + |-|· ·|+ ~-| ·||| r ·|·|| ·-r ·| + +| ··|·| · |··|| ·|·|-| +·-|
¸| ·| + +| +|·| ·|||-|| ·|· .|·|||| |-|·| ~|| ··|-| r ·| ·| |+·|, ||·| ~| ·
·|·| ·|-| ~||· + -| ~| ·| ~||··|+ ||·| ·|-|·|| r||·|-| r :
2.1 ~··|-| ¸| ·|·| ·| |-|· ·|+ ~| · ·| +|·| ·||-|+ |-|· ·|+ ·||··| ·|·+|·
;|·| |-|·| · ·| | +||-|+ |-|· ·|+ r ·|·||+ ~-·| |-|· ·|+| +|
·| ++|·| + ·|-|| ,··|+·|| +| ~·| -| ~| · ~ ·|·|) ~|·||-|·|·| 1970
+| ,|·|·| ,·|·| ,·|+ ·|·||·| ~|·||-|·|·| +r| ·|·|| r ) ·||·| 9( 3 )
,+) ·| 9(3) ,·|) ·|+ +| |||·|·| ·||·|~| + ~ ·|·| ·| |-|·| ·/
-||·|| |+·| |+·|| ·|·|| r :
,·|+ ~|·||··, ·· ~|·||-|·|·| +| ·||·| 9(3) ,÷|) + ~·||-| ·|
|-|· ·|+| +| |-||| |-| ·| ·|··||·+ ,+ -- ·|·+|· ·| |·|·|) ;|·| +·
·|+·| r :
37
+·| ·|. |-|· ·|+ +| -||·| ¸| ·|·-||·| ·| +| ·| + + |-|· ·|+ ·| ÷-| +| |·-|| + º..º.º +| |··||·|
|·|·| ·||·||·| ,|·|-| ·||·|·|·|| ) ·| + ~-| ·||· |-|· ·|+| ;|·|
·|···| r ·|||··| ·| +| ·| + + ·| ·|·
Sl. Name & Designation of Date of joining Membership in Board Holding of UCO
No. the Director the office Committee(s) of Bank shares by the
UCO Bank Directors as on 31.03.12
1) ·|| ~··| +|-| ·||··|·||,··|·||·||,
~··|-| ·| ~|···|·||·||,··|··|·-|||·+,·||··|~|·,
·| ·| ·| |-|· ·|+ ·||~|, ·| ·| ·+~|,
Shri Arun Kaul, CSC, MCB,
Chairman & RMCB,SMLVF, CHR,
Managing Director 01.09.2010 CIT&FI —
2) ·|| ·-|.~|·.·|-|-||·|·|·|-| ··||·||, ··|·|·||·||, ··|·||~|··||·||, ·||··|·||,
+|·|| ·||-|+ |-|· ·|+, ··|·||·||, ~|···|·||·||, ··|··|·-|||·+, ·||··|~|·,
·||~|, ·| ·| ·+~|,
Shri N.R. Badrinarayanan ACB,STCB,SGRCB,CSC,MCB,
Executive Director 01.09.2010 RMCB,SMLVF, CHR,CIT&FI —-
3) ·|| ··|. ·|--·| ·|·-| ··||·||, ··|·|·||·||, ··|·||~|··||·||, ·||··|·||,
+|·|| ·||-|+ |-|· ·|+, ··|·||·||, ~|···|·||·||, ··|··|·-|||·+, ·||··|~|·,
·||~|, ·| ·| ·+~|,
Shri S. Chandrasekharan 01.10.2011 ACB,STCB,SGRCB,CSC,MCB,
Executive Director RMCB, SMLVF, CHR,CIT&FI —-
4) ·|| ·| ||·| ·||-| ··||·||,·||··|·||,·-|·||·||,~|··||·||, ~|···|·||·||
·|·+|· + -|||·||| |-|· ·|+ ··|··|·-|||·+,·||··|~|·, ·||~|, ·| ·| ·+~|,
Shri Pravin Rawal ACB,CSC,NCB, RCB, RMCB,
Govt. Nominee Director 02.12.2011 SMLVF, CHR,CIT&FI ——
5) ·||·||| ··|| ·| +·
·||·||·| |··|| ·| + +| -|||·||| |-|· ·|+ ··||·||, ~|··||·||,··|·||·||
Smt. Uma Shankar 30.07.2010 ACB,RCB,MCB, ——
RBI Nominee Director
6) ·|| ·|-|| ·| + ·||· ·| ·|| ··||·||, ·-|·||·||, ··|·||·||, ~|···|·||·||,
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+ ··|··|·-|||·+
Shri Manoj Kumar Gupta ACB,NCB,MCB,RMCB,
Part time Non-Official Director 02.08.2011 SMLVF —-
7) ·|| ·|·| ~|||· ·|·|| , ··|·|·||·||,·||··|·||,·-|·||·||,··|·||·||,
+|·|·||· +·| ·||·| ~|···|·||·||, ·||··|~|·,
|-|· ·|+ ·||~|, ·| ·| ·+~|,
Shri Ram Avtar Sharma, STCB,CSC,NCB,MCB,
Workmen Employees’ RMCB, CHR, —-
Director 15.02.2010 CIT&FI
8) ·| | .·| ·|||···|-| -| +| ·| ·|| |··| ··||·||,··|·|·||·||, ··|·||~|··||·||,
·|·|··||·+ |-|··|+ ·||··|·||,·-|·||·||,~|··||·||,··|·||·||,·||··|~|·,
Prof. Sebastian Luckose Morris, ·||~|, ·| ·| ·+~|,
Shareholder Director 13.07.2010 ACB,STCB,SGRCB,CSC,
NCB,RCB,MCB,CHR,
CIT&FI 100
2.2.0 Composition of the Board of Directors as on
31.3.2012 :
The Board is constituted in accordance with the provisions
of Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970.
2.2.0 |<-rr+ 31.03.2012 +| |ª·r|·r + ¤-rªrrº |-r<ºr+ -r=-r +r
ªr·rc-r :
·| ++|·| + ·|-|| ,··|+·|| +| ~·| -| ~| · ~ ·|·|) ~|·||-|·|·| 1970
+ ··|·| ·|| + ~-| ·||· ·|| ÷ +| ·|-| |+·|| ·|·|| r
+|·| ·| r·| +·-| +| ||·|·|
38
ACB = Audit Committee of the Board, CHR = Committee on HR
related issues of the Bank, CSC = Customer Service Committee,
MCB = Management Committee of the Board, NCB = Nomination
Committee of the Board, RCB = Remuneration Committee of
the Board RMCB = Risk Management Committee of the Board,
SGRCB = Shareholders’ Grievance Redressal Committee of the
Board, STCB = Share Transfer Committee of the Board, SMLVF
= Special Committee of the Board for Monitoring Large Value
Frauds, CIT & FI =Committee on IT & Financial Inclusion.
+·|.·| |-|· ·|+ +| -||·| +|·| ·|r| +| |-|· ·|+ + ·|· ·-|+ +|·| +|-| +
·||·|·| +| ·|·|||··| +| ·| ·|-| ~|·|| |·|·| ·|| ÷
·||·|·| +| ·| +| +| ·|.
|·|-|·| ·||··|·| ·r /
·|| ~|·|| |·|·| r ,
Sl.No. Name of the Director Date of joining Date of No. of Board
cessation of meetings attended/
Directorship held during
his/her tenure.
1. ·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+
Shri Ajai Kumar
Executive Director 01.07.2009 30.09.2011 7/7
2. ·|| ·|·||· + ·||· |·|-r|
·|·+|· + -|||·||| |-|· ·|+
Shri Samir Kumar Sinha
Govt. Nominee Director 10.06.2008 22/07/2011 1/2
3. ·|| + .·-|.·| ·||·
·|·+|· + -|||·||| |-|· ·|+
Shri K.L. Prasad
Govt. Nominee Director 22.07.2011 02.12.2011 6/6
4. ·|| ·|·|· | ·| ·|
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+
Shri Jaidev Gupta
Part time Non-Official Director 04.07.2008 13.06.2011 1/2
5. ·|| ·| ·||| ·| -|
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+
Shri Sanjeev Jain
Part time Non-Official Director 03.03.2009 03.03.2012 14/14
6. ·|| . ~·|···|·||
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+
Md. Akhruzzaman
Part time Non-Official Director 14.07.2010 18.05.2011 1/2
2.2.1 Directors who retired/resigned during the year ended on
31.03.2012
¢ªr|·r| = |-|· ·|+ ·| ÷-| +| -| ·||·|·|-|| ·||·||·|, ªr|¢-r¤rº = ·| + +
·||-|| ·| ·||·|-| ·| ·| ·|| ·| ·| ·| ·| ·| |·|·| ·||·||·|, ªr|¢ªrªr| = ·||r+ ·| ||
·||·||·|, ¢-rªr|·r| = |-|· ·|+ ·| ÷-| +| ·|·| ·| ·||·||·|, ¢-rªr|·r| = |-|· ·|+
·| ÷-| +| -||·|| +-| ·||·||·|, ¤rºªr|·r| = |-|· ·|+ ·| ÷-| +| ·|||··||·|+
·||·||·|, ¤rº¢-rªr|·r| = |-|··|+ ·|÷-| +| ·|||·|·| ·|·|·|-| ·||·||·|,
¢ªr»r|¤rºªr|·r| = |-|· ·|+ ·| ÷-| +| ·| ·|··||·+ |·|+|·|·| |-|||·| ·||·||·|,
¢ªrc|ªr|·r| = |-|· ·|+ ·| ÷-| +| ·| ·|· ~ ·|·| ·||·||·|, ¢ªr¢-r¢-r·r|¢+
= ~|·|+ ·||·| + +·| +| |-|·|·|-|| r ·| |-|· ·|+ ·| ÷-| +| ||·| ·|
·||·||·|, ªr|¤r¡ c| )·r )+¤r¡ = ·| .·| | ·| ||·||·| ·|·||| ·|-| ·||·|||:
z.z.J º..º.º.º +| ·|·||··| |·| + ·| ·|-| ·| |||-|| ·| ; ·||·|·|~| |··
|-|· ·|+
39
2.2.2 The details of the attendance of each Director at the Board
Meetings held during the year, no. of other Board
Committees where he/she is a member or Chairperson
during the year and directorship of other companies/
corporations are furnished hereunder :
|-|· ·|+ +| -||·| ·|| ÷ +| ·||·||·|·|| +| ·| ., ~-·| + |-|| ~||· ,
|·|-|·| ·|···| r |·|-|·| |-|· ·|+ r
Name of Director No. of Meetings Member of Other directorship
Attended/Held (during the Board’s
period of their tenure) Committees (Number)
J;o btl m=ôg / Þreseot uemcers
>r| ¤=ºr +r -r
¤··r=r )·r ·r·r ·r |-r« ºr+
Shri Arun Kaul
Chairman & Managing Director 15/15 6 -
>r| )-r.¤rº.·rc|-rrºr·rºr-r
+r·r ·rr-r+ |-r« ºr+
Shri N.R. Badrinarayanan
Executive Director 15/15 9 -
>r| )ªr.-r-cºr =rº-r
+r·rr ·rr-r+ |-r« ºr+
Shri S. Chandrasekharan
Executive Director 8/8 9 -
·|| ·| ||·| ·||-|
·|·+|· + -|||·||| |-|· ·|+
Shri Pravin Rawal
Govt. Nominee Director 4/5 8 -
·||·||| ··|| ·| +·
·||·||·| |··|| +| -|||·||| |-|· ·|+
Smt. Uma Shankar
RBI Nominee Director 11/15 3 -
·|| ·|-|| ·| + ·||· ·| ·|
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+
Shri Manoj Kumar Gupta
Part time Non-Official Director 9/10 5 -
·|| ·|·| ~|||· ·|·|| ,
+|·|·||· +·| ·||·| |-|· ·|+
Shri Ram Avtar Sharma
Workmen Employees’, Director 14/15 7 -
·|| .·| ·|||···|-| -| +| ·| ·|| |··| ·| ·|·|| ·-|·||
·| ·|··||·+ |-|· ·|+ · | ·||·|·|-| + . ,·||, ·|·||~| ,
~|,|÷·|| · |-|+| ·| ·| ·· ~| +
·+·|-|·|
,~|, ~|, ·|·||~| , ,
Prof. Sebastian Luckose Morris, Gujarat Energy
Shareholder Director 10/15 9 Transmission CO (GETCO)
Idea Telecom Centre of
Excellence
(IITCOE)
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ~·|·|+ ·||·
+|·| ·||-|+ |-|· ·|+
Shri Ajai Kumar
Executive Director 7/7 9 -
+|·| +|-| + ·| ·|-|
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
º.º.º |·| + ·| ·|-| ~|·|| |·|| ·|| ÷ +| ·| +| ·| ·|·| + |-|· ·|+ +|
··||··|||, ~-·| ·|| ÷ ·||·|||·|| +| ·| ··|| |·|-|+ | |·| + ·| ·|-|
·|···| ·r ·|| ~··|-| ·r ·| · ·|| ~-·| + ·||-|·|| / |-|·|·|| + ··|| ·
-||·| |·· ·|· r |·|-|·| | |-|· ·|+ ·r r .
40
2.2.4 Brief profiles of new directors on the Board :
Shri S. Chandrasekharan, Executive Director:
Shri S. Chandrasekharan, 57 years, is the Executive Director of
the Bank with effect from 01.10.2011. Prior to the current
assignment, Shri S Chandrasekharan, was General Manager at
Indian Overseas Bank. He occupied several distinguished
positions in his career spanning around 35 years at Indian
Overseas Bank. Sri S Chandrasekharan has worked extensively
throughout the country and abroad with varied exposure to
corporate credit, international banking and human resource
management.
>r| ªr-r|º + -rrº |ªr-rr
ªrº+rº + -rr|-r·r| |-r« ºr+
Shri Samir Kumar Sinha,
Govt. Nominee Director 1/2 8 -
>r| =r·r« ·r ·r ··r
~ ·| +||-|+ ·| ··|·+|·| |-|· ·|+
Shri Jai Dev Gupta,
Part time Non-official Director 1/2 5 -
>r| ªr =r|·r =r -r ~|, -|| +·| -| ·|· |-|.
~ ·| +||-|+ ·| ··|·+|·| |-|· ·|+ ·| ~·|| + |·|r|· +-|·|
Shri Sanjeev Jain Inox Leisure Ltd &
Part time Non-official Director 14/14 7 Ashok Vihar Club
·|| . ~·|···|·||
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+
Md. Akhruzzaman,
Part time Non-official Director 1/2 2
·|| + .·-|.·| ·||·
·|·+|· + -|||·||| |-|· ·|+
Shri K.L. Prasad
Govt. Nominee Director 6/7 8
|-|· ·|+ +| -||·| ·|| ÷ +| ·||·||·|·|| +| ·| ., ~-·| + |-|| ~||· ,
|·|-|·| ·|···| r |·|-|·| |-|· ·|+ r
Name of Director No. of Meetings Member of Other directorship
Attended/Held (during the Board’s
period of their tenure) Committees (Number)
+|·| +|-| + ·| ·|-|
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
2.2.3 Dates of Board Meetings
During the period of review, 15 Board Meetings were held on
following dates, as against minimum of 6 prescribed under Clause
12 of Nationalised Banks (Management & Miscellaneous
Provisions) Scheme 1970 and minimum of four meetings
stipulated in Clause 49 of Listing Agreement :
29.042011 06.07.2011 26.09.2011 11.11.2011 01.02.2012
17.05.2011 27.07.2011 17.10.2011 03.12.2011 01.03.2012
27.06.2011 05.09.2011 31.10.2011 06.01.2012 26.03.2012
z.z.º ·rr × +| ·r a+r +| ·rrº|=r
·|·||-||·||-| ~||·| + ·| ·|-| ·|·· |·|+ | ·| + ,·| ·| ·|-| ·| ||||·| ··|·| ·|,
·|| ·|-|| -. + ·| ÷ º + ~ |·| | |-|·|| |·| -·| -|·||·| ~ ·| + |·||
·| ·||+··| +·|· + ·| ÷ «- ·| |-|·|| |·| -·| -||·| « ·| +| +| | -|-|| ·|
|-|·-||-||·|| ||·|·|| +| ·|| ÷ +| : ·| + ~|·|| |·|| +| ·|, .
2.2.4|-r<ºr+ -r=-r + -r¢ |-r<ºr+r +r »r|·r-r·r-r :
>r| )ªr.-r-cºr =rº-r , +r·r ·rr-r+ |-r« ºr+ :
·|| ··|.·|--·| ·|·-| , ~|·| : |·| , |·-|| + ....º. ·| ·| + ·|
+|·| ·||-|+ |-|· ·|+ + -·| ·| +|·| ·| r || ·||-| ·|· ·|· ~|-| ·| ·|r-|
·|| ··|.·|--·| ·|·-| , , |÷·|-| ~| |··||·| ·| + ·| ·|r|·| ·| ·|+ ·| ·-r
,|÷·|-| ~||··||·| ·|+ ·| -|·|·|·| º: |·|| |+ |||·|·| ·|·|·| ·|·| ·|· +|·|
+·-| +| ~-| ·|| ·||·| r ·|| ··|.·|--·| ·|·-| +| ·| · · ·| ·| ·| ||· ·|
·| +|·|| · · + |÷·, ~ |··|·· |·| ·| |+·| ·| ·||-|| ·| ·||·|-| ·|·| ·| + ·||·|
r| |||·|·| -| ~|| ·| +|·| +| ||·| ·| ~-| ·|| ·r| r
41
Sri. Pravin Rawal, Director
Sri. Pravin Rawal, Director was appointed as Government
nominee Director on the Board of the Bank by the Government
of India on 02.12.2011. He was Master in Philosophy and a
member of Indian Revenue Service. He worked in various
capacities in Ministry of Finance, Government of India.
Sri. Manoj Kumar Gupta, Director
Sri. Manoj Kumar Gupta, Director has been nominated on the
Board of our Bank as part time director under Chartered
Accountant category. He is a Chartered Accountant and a Law
Graduate. He posses 18 years experience in the field of Audit,
taxation, Company Law etc.
3.0 Committees on the Board:
Pursuant to the instructions/guidelines/directives issued by the
Reserve Bank of India, Government of India, various committees
of directors have been constituted with the objectives of
streamlining the decision making process, effective monitoring
and follow up of various activities falling within the terms of
references of such committees. Particulars of the various standing
committees are as under:
3.1.0 Audit Committee of the Board (ACB):
As per directives of RBI, the Bank constituted the Audit Committee
of the Board with six directors as against minimum of three
directors stipulated in Clause 49 of the Listing Agreements entered
with Stock Exchanges. All the Directors in the committee are
financially literate and Shri Manoj Kumar Gupta, Chairman of
the Committee, is a senior fellow member of the Institute of
Chartered Accountants of India (ICAI).
3.1.1. Primary objectives:
It overseas, reviews and provides directions to the internal audit/
inspection function in the Bank in order to ensure and enhance
the effectiveness of the audit and inspection function as a strong
management tool. In respect of internal audit, the Audit Committee
of the Board reviews the internal inspection/audit function of the
Bank – the system, its quality and effectiveness in terms of the
objectives. As regards external audit, the committee reviews all
the issues raised in the Long Form Audit Report. Besides, it
interacts with the external auditors before finalization of reviewed/
audited accounts with special reference to change in accounting
policies, practices, qualification in the draft audit report and
compliance with the accounting standards. It also addresses all
issues/concerns raised in inspection report of RBI. The committee
also reviews the internal control system, the areas of house
keeping, reconciliation, fraud and other related matters.
·r| ·r·r|ºr ºr·r-r, |-r« ºr+ :
·|| ·|||·| ·||-|, |-|· ·|+ +| |·-|| + .º.º.º. +| ·||·| ·|·+|· +
-|||·||| |-|· ·|+ + -·| ·| ·| + + |-|· ·|+ ·| ÷-| ·| |-|·| +| |+·|| ·|·||
| ··| -| ·||·~| ·| ·-|||+| |· r ~| · ·||·||·| ·|·|·| ·| || + ·|···| ·|
·-r| -| ·||·| ·|·+|· + ||·| ·| ~||-|·| ·| |||·|·| ·|·| ·|· +|·| |+·||
>r| -r-rr =r + -rrº ·r ··r, |-r« ºr+ :
·|| ·|-|| ·| + ·||· ·| ·|, |-|· ·|+ ·|-|·| -| ·||+|· ·| ·|| + ~ |·| | r·||·
·| + + |-|· ·|+ ·| ÷-| ·| ~ ·|+||-|+ |-|· ·|+ + -·| ·| -|||·|| |+· ·|·
r | ·|-|·| -| ·||+|· ·| |||·| ·-|||+ r ·-r -| ·||·|·|-||, +·|·||-|,+ ·|-||
-|| ~||· + -| ~| ·| º |·|| +| ~-| ·|| r
3.0 |-r<ºr+ -r=-r +| ªr|-r|·r·rr :
·||··||·| |··|| ·| +, ·||··| ·|·+|· ;|·| ·||·| ~-| · ·|| ;·||·| ··|| |·|,| ·|| ;
|-|· ·|| + ~-| ·|·| ·| ·| + ·| |-|· ·|+ ·| ÷-| +| |||·|--| ·||·||·|·|| +|
·|-| |+·|| ·|·|| r |·|·|+| ·· ··| |-|| ·| ·||+·|| +| ·| ||· ~| · +|··|·
·|-||-||, ·||·||·|·|| + ||||·|·| ||·|·|| + ~ ·|·| ·| ~|-| ||-| |||·|--| +|·| +-||·||
+| ·|·|||| ·||-|||··| +·-|| ¸| ·-|·|· ~-| |·|| +|· ||, +·-|| r : |||·|--|
··||·|| ·||·||·|·|| + |||·| -||| ··|| ¸ ·|¸ r :
3.1.0 |-r<ºr+ -r=-r +| -r=rr ·rº|=rr ªr|-r|·r (¢ ªr| ·r|) :
·||··||·| |··|| ·| + + |-|· ·||-| ·||· r·||· ·| + -| |-|· ·|+ ·| ÷-| +|
-| ·||·|·|-|| ·||·||·| +| ·|-| |+·|| r |·|·|·| ·| + ¸+·|| ·|| + ·||·|
·| ·|| |·|·| ·| ||+·| +·|· + ·| ÷ 49 ·| |-|·|| |··| -·| -|·|·| ·||-| |-|· ·|+|
+| ·|·|r ·r |-|· ·|+ r : ·||·||·| + ·|·|| |-|· ·|+ ||·||·| ¬ ·| ·| |·||-|·|
r ~| · ·||·||·| + ~··|-| ·|| ·|-|| ·| + ·||· ·| ·|, ·||··||·| ·|-|·|
-| ·||+|· ·| ··||-| ,~|, ·||¸~|, ) + ||·· ~|·|·|···| r :
3.1.1. iii·il-i+ =c º·i ·
·|r ¸+ ·|·|· ·|·| ·|+|·| ·||··|| + ¬ ·| ·| -| ·||·|·|-|| ¸| |-|·|-|| +|
·|·||||·|| +| ·| |-||·|·| +·-| ~| · ·|«|-| r ·| ·| + +| ~| ·||·+ -| ·||·|·|-||;
|-|·|-|| +|·| +| ·|| -||, ·|·||-|| +··|| r ¸| |-|· ·| · ·|| r : ~| ·||·+
-| ·||·|·|-|| + ·| ·| ·| ·| |-|· ·|+ ·| ÷-| +| -| ·||·|·|-|| ·||·||·| ,-| ·· ··||
+ ~-| ·||· ·| + + ~| ·||·+ |-|·|-|| / -| ·||·|·|-|| ·| ·| ·|| +|·| ··|+|
·|||-||, ·| ||·|| ¸| ·|·||||·|| +| ·|·||-|| +··|| r : ·|r| ·|+ ·||r·|
-| ·|||·|-|| +| ·| ·| ·| r , ·||·||·| -|| ·| +|·| ~| |÷ |·|| ·| ·|¸ ·|¸
·|·|| ·| ·| +| ·|·||-|| +··|| r : ,·|+ ~|·||·· ·|r -| ·|||·|-|| |·|| +
·|·|| · ·| -| ·|| +-| -|||·|·|| , .|·||~| , ~ +·| ·| ·||, ~r ·||~| ·| ||·|·| -| ·|·||
-| ·|| +-| ·||-|+ + ~-| ||-|-| + ||·| ·| ·| ··| ·| ·|·||-||+ ·|;-| ·|||·||-|·|
-| ·|| +| ~ |·|·| ¬ | |·¸ ·||-| + | | ·||r ·| -| ·|||·|-|+| + ·||·| ||||·
||·|·| +··|| r : ·|r ·||··||·| |··|| ·| + +| |-|·|-|·| |·|| | ·| ·|¸ ·|¸
·|·|| ·| ·| ;·|·|··||~| + ·| ·| ·| ·| ·|| +|· ||, +··|| r : ·|r ·||·||·| ~| ·||·+
|-|·| ~|·| .|·||-||, ~| ·||·+ -| ·||+|·| , ·|·||·||-|, +| ¸| ~-·| ·| ·| |·|·|
||·|·|| +| ·|| ·|·||-|| +··|| r :
42
|-|· ·|+ +| -||·| ||·||
Name of Director Meetings Attended / Remarks
Held during the tenure
·i·i -ii-i ªi«ª·i;Present Members
·|| ·|-|| ·| + ·||· ·| ·| |·-|| + ....º.º ·| ·|···| ·| |·-|| +
|-|· ·|+ ·| ··||·|| ~··|-| .º..º.º.º ·| ·||·||| + ~··|-|
Shri Manoj Kumar Gupta
Director & Chairman of ACB 3/3 Member from 07.01.2012 and Chairman of the
committee from 03.03.2012
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ··||·|| + ····|
Shri N.R. Badrinarayanan
Executive Director & Member of ACB 11/11 -
·|| ··|. ·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ··||·|| + ····| ....º. ·| ·|···|
Shri S. Chandrasekharan
Executive Director & Member of ACB 5/5 Member from 01.10.2011
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ··||·|| + ····| .º.º.º.º ·| ·|···|
Shri Pravin Rawal
Director & Member of ACB 2/4 Member from 02.12.2012
·||·||| ··|| ·| +·
|-|· ·|+ ·| ··||·|| + ····|
Smt. Uma Shankar,
Director & Member of ACB 10/11 -
·|| .·| ·|||···|-| -| +| ·| ·|| |··|
|-|· ·|+ ·| ··||·|| + ····| .º..º.º.º ·| ·|···|
Shri Sebastian Luckose Morris
Director & Member of ACB 1/1 Member from 03.03.2012
·|| ·|·| ~|||· ·|·||
|-|· ·|+ ·| ··||·|| + ····| .~...º.º ·| ·|···| -|r| ·r
Shri Ram Avtar Sharma
Director and Member of ACB 10/10 Ceased to be member from 06.01.2012
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ·| ·||| ·| -|
|-|· ·|+ ·| ··||·|| ····| .º..º.º.º ·| ·|···| -|r| ·r
Shri Sanjeev Jain
Director & Chairman of ACB 10/10 Ceased to be member from 02.03.2012
·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+ ·| ··||·|| + ····| º...-.º. ·| ·|···| -|r| ·r
Shri Ajai Kumar
Executive Director & Member of ACB 5/5 Ceased to be member from 30.09.2011
·|| ··|.+ .|·|-r|
|-|· ·|+ ··||·|| + ····| º...º. ·| ·|···| -|r| ·r
Shri. S. K Sinha
Director & Member of ACB 1/2 Ceased to be member from 22/07/2011
·|| + .·-|.·| ·||·
|-|· ·|+ ··||·|| + ····| ºº...º. ·| .º.º.º. |+ ·|···| ·r
Shri K.L. Prasad
Director & Member of ACB 4/5 Member from 22.07.2011 to 02.12.2011
3.1.2 Composition of the ACB and number of meetings
attended by the members of ACB during the year 2011-12
3.1.2 ¢ ªr| ·r| +r ªr·rc-r ¤rº ·r·r zcJJ-Jz + «r ºr-r ¢ ªr| ·r| +
ªr<ª·r |»r-r ·r a+r -r =·r|ª·r·r ºr, =-r+| ªr=·rr
+|·| +|-| + ·| ·|-|
|·|-|·| ··||··||
·r /~|·|| |·|| ·| +
43
3.1.3 Dates on which ACB Meetings were held:
During the year under review, 11(eleven) meetings of the
Committee were held vis-a-vis minimum of four meetings in a
year, stipulated in Clause 49 of the Listing Agreement. The
meetings were held on following dates:
3.2.0 Management Committee of the Board (MCB) :
The Committee is constituted as per Provisions of Nationalised
Banks (Management & Miscellaneous Provision) Scheme 1970.
Its members are Chairman & Managing Director, Executive
Directors, Chartered Accountant Director and directors referred
to under clauses (b), (c) of sub-section (3) of Section 9 of Banking
companies (Acquisition & Transfer of Undertaking) Act 1970.,
and two Directors nominated by the Board from amongst the
Directors referred to Clauses (d), (e), (f), (h) and (i) of Section
9(3) of the Banking companies (Acquisition & Transfer of
Undertaking) Act 1970. The Directors nominated by the Board
shall hold office for not more than six months at a time. The
Chairman & Managing Director is the Chairman of MCB.
3.2.1 The objectives of the committee are to consider and
approve: -
i) high value credit/loan, compromise and write off proposals.
ii) high value proposals for capital and revenue expenditure
and those relating to acquisition and hiring of premises
including deviation from prescribed norms for acquisition/
hiring of premises.
iii) Proposal for high value investments in Govt. and other
approved securities including investment in shares/
debentures of companies as well as high value proposals
of underwriting, making donations and
iv) Any other matter of similar nature referred to it by the Board
from time to time.
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
·| +| ·| ·||··||·|;~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·i·i -ii-i ªi«ª·i;Present Members
·|| ~· ·| +| -|,
~··|-| ¸| .|·| ·| |-|· ·|+ ¸| ¸·|·||·|| + ~··|-|
Shri Arun Kaul
CMD & Chairman of MCB 20/20 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ··|·||·|| + ·|···|
Shri N.R. Badrinarayanan
ED & Member of MCB 20/20 -
3.2.2 Composition of the Management Committee (MCB) of
the Board and the number of meetings attended by
the members of MCB during the year 2011-12
3.1.3 ¢ªil·il +l ·i +i + »i·ii =i-i +l ·iiªl=i ·
·| ||+·| +|·| ·||· + ·| ÷ 4· ·| ·|·|||-|·|| |··|¸+ |·| ·| -·| -|·|·| ||·
·| +| + ··||-| ·|· ·|·||-||·||-| |·| + ·| ·|-| ·||·||·| +| ,··||·r, ·| +
~|·|| |·|·| +| ·|, : ·| + |-|·-||-||·|·| ·||·|·|| +| ~|·|| |·|·| +| ·|, ·
29.04.2011 27.07.2011 11.11.2011 29.02.2012
17.05.2011 21.09.2011 21.12.2011 13.03.2012
11.06.2011 31.10.2011 01.02.2012
29.04.2011 27.07.2011 11.11.2011 29.02.2012
17.05.2011 21.09.2011 21.12.2011 13.03.2012
11.06.2011 31.10.2011 01.02.2012
3.2.0 l-i« ºi+ -i =-i +l ii·i ·i ªil-il·i (¢-iªil·il) ·
·||·||·| +| ·|-| ·|· |·|+ ·| ·| + ,.|·| ·| ~| · ||||·| ·|·| ·|) ·|| ·|-|| ·¯¨
+ ·|·| ·|| + ~-| ·||· |+·|| ·|·|| r : ,·|+ ·|···| r ~··|-| ¸| .|·| ·|
|-|· ·|+, +|·| ||-|+ |-|· ·|+·|·|, ·|-|·| -| ·||+|· |-|· ·|+ ~| · ·| ++|·|
+ |-|| ,·|+·|| +| ~·| -| ~| · ~ ·|··|) ~|·||-|·|·|, ·¯¨ +| ·||·| · +|
·|·||·| ,¹) + ·| ÷ ,·|), ,·|) ·| |-||·· |-|· ·|+ ·|·|| ·| ++|·| + |-||
,·|+·|| +| ~·| -| ~| · ~ ·|··| ~|·||-|·|·|, ·¯¨ +| ·||·| · ,¹) +
·| ÷ ,·|), ,÷), ,|), ,·|) ¸| ,÷|) ·| |-||·· |-|· ·|+| ·| ·| |-|· ·|+
·| ÷-| ;|·| -|||·|·| ·| |-|· ·|+: |-|· ·|+ ·| ÷-| ;|·| -|||·|·| |-|· ·|+ ¸+
·||· ·| ·r ·|r|-| ·| ~|·|+ ·|·|·| ·|+ |· |· -|r| ·r ·| : ~··|-| ¸| .|·| ·|
|-|· ·|+ ¸·|·||·|| + ~··|-| r :
3.2.1 ªil-il·i +i =c º·i l-i--il-il=i·i ·iª l·i·iiª +ª-ii »i ª =-r
»-i -ii l«·i +ª-ii r ·
i) ~|·|+ ·||·| + ··||· ; ~ ·|, ·|·|÷|| ·|| ~| · ·|, ·||·| ÷|-|-| + .|··|||:
ii) | ·||·|·| ~| · ·|·|·| ·|·| r ·| ·|·|| ||··|· + ~|·|·|r·| ~| · |+·|¸ |·
-| -| ·| ·| ·| |·|·| ~|·|+ ·||·| + .|··|||, |·|·|·| ||··|· + ~|·|·|r·|;
|+·|¸ |· -| -| r ·| |-|·|| |··| ·||-|· ÷| ·| |||-|-| ·|| ·|||·|-| r :
iii) + ||-|·|| + ·| ·|·| ; |÷·| |·| ·| |-|| ·| ·||r·| ·|·+|·| ·|·|| ~-·|
~-| ·|| |··| .||·|·| |·|·|| ·| ~|·|+ ·||·| +| |-|| ·| +· -| + |-|¸ .|··|||
~| · r|·||·|·|, ·|-| · -| ·| ·| ·|| ~|·|+ ·||·| + .|··||| ¸|
iv) |-|· ·|+ ·| ÷-| ;|·| ·|·|·|·|·|·| |· ··|+ ||·| ·| ·| ·|¸ ,·|| .|+|· +
+| , ~-·| ·||·|-| :
3.2.2 ·ii = +l ii·i ·i ªil-il·i (¢-iªil·il) +i ªi ·ic-i )·r ·r·r zcJJ-Jz
+ «r ºr-r ·rr × +| ·r·r ·r ªr|-r|·r + ªr«ª·rr ørºr =·r|ª·r·r ·r a+r +|
ªr =·rr ·
44
3.2.3 During the period under review, 20 meetings of MCB were
held on following dates :
28.04.2011 09.08.2011 11.11.2011 18.01.2012
16.05.2011 06.09.2011 03.12.2011 02.02.2012
10.06.2011 26.09.2011 13.12.2011 13.02.2012
27.06.2011 17.10.2011 24.12.2011 01.03.2012
28.07.2011 31.10.2011 06.01.2012 13.03.2012
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ··|·||·|| + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
ED & Member of MCB 12/12 Member from 01.10.2011
·||·||| ··|| ·| +·
|-|· ·|+ ·| ··|·||·|| + ·|···|
Smt. Uma Shankar
Director & Member of MCB 14/20 -
·|| ·|-|| ·| + ·||· ·| ·|
|-|· ·|+ ·| ··|·||·|| + ·|···| .~..-.º. ·| ·|···|
Shri Manoj Kumar Gupta
Director & Member of MCB 12/14 Member from 06.09.2011
·|| ~|·.·.·|·||
|-|· ·|+ ·| ··|·||·|| + ·|···| ºº..º. ·| ·|···|
Shri R.A. Sharma
Director & Member of MCB 8/9 Member from 28.11.2011
·||.··|.·-|.·|||··| ....º.º ·| ·|···|
|-|· ·|+ ·| ··|·||·|| + ·|···|
Prof. S.L. Morris
Director & Member of MCB 5/5 Member from 07.01.2012
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+ ·| ··|·||·|| + ·|···| º...-.º. ·| |-|· ·|+ -|r| ·r
Shri Ajai Kumar
ED & Member of MCB 8/8 Ceased to be director from 30.09.2011
·|| ·| ·||| ·| -|
|-|· ·|+ ·| ··|·||·|| + ·|···| .º..º.º.º ·| |-|· ·|+ -|r| ·r
Shri Sanjeev Jain
Director & Member of MCB 19/19 Ceased to be director from 02.03.2012
·|| .~·|···|·||
|-|· ·|+ ·| ··|·||·|| + ·|···| º..:.º. ·| |-|· ·|+ -|r| ·r
Md. Akhruzzaman
Director & Member of MCB 1/2 Ceased to be director from 18.05.2011
·|| ·|·| · | ·| ·|
~ ·|+||-|+ ·| ··|·+|·| |-|· ·|+ º..~.º. ·| |-|· ·|+ -|r| ·r
Shri Jai Dev Gupta,
Part time Non-official Director 3/3 Ceased to be director from 13.06.2011
1z1ªi-il=ii·il-i »·il·i + «i ªi-i l-i--il-il=i·i ·iiªl=ii +i ¢-iªil·il
+l zu ·i a+ »i·ii l=i·i +l ·i¡ ·
45
3.3.0. Risk Management Committee of the Board (RMCB)
3.3.1. The Committee identifies, evaluates, monitors and guides
the Bank on various categories of risks to which the Bank’s
business is exposed and devices, based on periodical
review and monitoring, such strategies as would ensure
stability and efficiency of the National and International
business operations of the Bank. It also supervises and
monitors the functioning of Asset Liability Management
(ALM) System in the Bank.
3.3.2 The composition of RMCB and details of the meetings
held during the year 2011-12 and attendance are as
under :
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·|| ~··| +| -|
~··|-| ·| ·| ·| ·| |-|· ·|+ ·| ~|···|·||·|| + ~··|-|
Shri Arun Kaul
CMD & Chairman of RMCB 4/4 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ~|···|·||·|| + ·|···|
Shri N.R. Badrinarayanan
ED & Member of RMCB 4/4 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ~|···|·||·|| + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
ED & Member of RMCB 2/2 Member from 01.10.2011
·|| ·| ||·| ·||-|
~|···|·||·|| + ·|···| .º.º.º. ·| ·|···|
Shri Pravin Rawal
Member of RMCB 2/2 Member from 02.12.2011
·|| ~|·.·.·|·||
|-|· ·|+ ·| ~|···|·||·|| + ·|···|
Shri R.A. Sharma
Director & Member of RMCB 4/4
·|| ·|-|| ·| + ·||· ·| ·|
|-|· ·|+ ·| ~|···|·||·|| + ·|···| .º..º.º.º ·| ·|···|
Shri Manoj Kumar Gupta
Director & Member of RMCB - Member from 03.03.2012
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ·| ·||| ·| -|
|-|· ·|+ ·| ~|···|·||·|| + ·|···| .º..º.º.º ·| |-|· ·|+ -|r| ·r
Shri Sanjeev Jain
Director & Member of RMCB 4/4 Ceased to be Member from 03.03.2012
·|| ··|.+ .|·|-r|
|-|· ·|+ ·| ~|···|·||·|| + ····| ºº...º. ·| |-|· ·|+ -|r| ·r
Shri. S.K. Sinha
Director & Member of RMCB 1/1 Ceased to be Member from 22.07.2011
·|| + .·-|.·| ·||·
|-|· ·|+ ·| ~|···|·||·|| + ····| ºº...º. ·| .º.º.º. |+ ·|···| ·r
Sri. K.L.Prasad
Director & Member of RMCB 1/1 Member from 22.07.2011 to 02.12.2011
3.3.0. l-i« ºi+ -i =-i +l =ii l=i-i ii·i ·i ªil-il·i (»iª¢-iªil·il) ·
3.3.1. ·|r ·||·||·| ·| + + +|· | ·||· ·| ~|-| ||-|| |||·|--| .|+|· +| ·|| |·|·|| +|
|r||-|, ·| -·|| +-|, |-|·|·|-|| +··|| r ·|·|| ·| + +| ·| ·| |·|·| |··|||-|· ·|
· ·|| r ~| · ~|||·|+ ·|·||-|| ¸| |-|·|·|-|| + ~|·||· |· ¸ ·|| +|·|
-|||·|·|| ·|-||·|| r |·|·|·| ·| + + ·|· |·| ¸| ~ ·|··|· |·| +|· | ·||· +
||·||-|-| ·| ··|||·|·| ~| · ·-|·|| ·| |-||·|·| r| : ·|r ·| + ·| ~||··|
· ·|·|| .|·| ·| ,¸¸-|¸·|) .|·||-|| + |+·||+-||| +| |·| | -|·| ¸| |-|·|·|-||
·|| +··|| r :
3.3.2 »iª¢-iªil·il +i ªi ·ic-i ·i·ii ·r·r zcJJ-Jz + «r ºr-r ¤r·rr |=r·r
·ia+i »i ª =-i-i =·ilª·il·i +i l·i·iªºi l-i--ii-i ªiiª r ·
46
3.3.3 The meetings of RMCB were held on the following
dates :
3.4.0 Shareholders Grievances Redressal Committee
(SGRCB) :
3.4.1. The Committee was constituted under the Chairmanship
of the Non-executive Director for speedy redressal of
shareholder/investors’ complaints/grievances, like, non
receipt of refund orders, share certificate, dividend warrant
etc., with due care and to the satisfaction of the
complainants. All the complaints received during the year
were redressed.
3.4.2 The composition of the SGRCB as on 31
st
March, 2012
and details of the attendance of the members are as
under :
11.06.2011 26.09.2011 13.12.2011 01.03.2012
11.06.2011 26.09.2011 13.12.2011 01.03.2012
-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·i·i -ii-i ªi«ª·i;Present Members
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ¸·|·||~|··||·|| + ~··|-| .º..º.º.º ·| ·|···|
Prof. S.L. Morris,
Director & Chairman of SGRCB - Member from 03.03.2012
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ¸·|·||~|··||·|| + ·|···|
Shri N.R. Badrinarayanan
ED & Member of SGRCB 2/2 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ¸·|·||~|··||·|| + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
ED & Member of SGRCB 1/1 Member from 01.10.2011
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ·| ·||| ·| -|
|-|· ·|+ ·| ¸·|·||~|··||·|| + ·|···| .º..º.º.º ·| |-|· ·|+ -|r| ·r
Shri Sanjeev Jain
Director & Chairman of SGRCB 2/2 Ceased to be member from 03.03.2012
3.4.3 During the year two meetings of SGRCB were held
i.e. on 21.09.2011 and 02.02.2012.
3.5.0. Share Transfer Committee of the Board (STCB) :
3.5.1. The committee has been constituted to approve and effect
transfer/transmission/transposition etc. of Bank’s shares,
held in physical form, as also approval on the requests/
proposals for issuance of duplicate shares in lieu of
originals lost/misplaced/stolen. It is also ensured that all
such requests/proposals for transfer and transmission are
completed within the period stipulated from the date of
submission of the requests for transfer/transmission
complete on all respects.
3.3.3 ¤rº¢-rªr|·r| +| ·r a+ |-r--r|-r|=r·r ·rrº|=rr +r »i·ii l=i·i
+l ·i¡ : :: ::
3.4.0 ºr·rº·rrº+ |ºr+r·r·r |-r·rrººr ªr|-r|·r (¢ªr»r|¤rºªr|·r|)·
3.4.1. ·| ·|··||·+| ;|-|| ·|+| +| |·|+|·|·|| , ·|·||·|-| ||·|·|| ~|· ·|, ·| ·|·
·|·|||·|~|, -||·|| ·| ||· ~||· ·||··| -| r| -| + ·| ·| ·| ·| ·||·|
·|||·||-|| ··|·| r ¸ ·|·|| |·|+|·|·|+·|| +| ·| |· + ~-| ¬ ·|
|·|+|·|·| +| |-|||·| +·-| + |-|¸ ·| ·+|·| ·||-|+ |-|· ·|+ +|
~··|-|·|| ·| ,·| ·||·||·| +| ·|-| |+·|| ·|·||: |·| + ·| ·|-| ·||··|
·|·|| |·|+|·|·|| +| |-|||·| +· |··|| ·|·|| r :
3.4.2 |<-rr+ 11 -rr-r , zu1z +| |ª·r|·r + ¤-rªrrº ¢ªr»r|¤rºªr|·r|
+r ªr·rc-r ·r·rr =+ ªr|-r|·r +| ·ra+r -r ªr<ª·rr +| =·r|ª·r|·r
+r |·r·rººr |-r--rr-rªrrº r : :: ::
3.4.3 ·r·r + <rºr-r ¢ªr»r|¤rºªr|·r| +| <r ·ra+, |<-rr+ 21.09.2011
¢·r 02.02.2012 +r ¤r·rr|»r·r +| ·r;!
3.5.0. |-r<ºr+ -r=-r +| ºr·rº ¤·rººr ªr|-r|·r (¢ªrc|ªr|·r|) )) )) :
3.5.1. ·|r ·||·||·| ·| ·| ¬ | ·| ·|||··| ·| + + ·| ·|·| +| ~ ·|··|;.| ·|·|;
··||-|| ·|· ~||· ~-| ·|| |··| ¸| .|·|||| +·-| ·|·|| ·|| ·|¸ ;·| ·| r|
·|¸;|| ·| r| ·|¸ ·| -| ·| ·|· + ·|·-| ÷ |-|+ ·| ·|· ·||·| +·-| +
.|··|||;~-| ·| ·| +| ~-| ·|| ·-| +·-| + |-|¸ ·||·| +| ·|, r :
~ ·|··| ¸| .| ·|·| + |-|¸ ¸ ·| ·|·|| ~-| ·| ·|;.|··||| +| ~ ·|··|;
.| ·|·| + |-|¸ ~-| ·| ·| +| ·|··| |·| +| ·||·|·| ·| |-|·|| |··| ~||·| +
·||·|· ·| ·| |+·|| ·||-|| ·| |-||·|·| |+·|| ·||·|| r :
47
3.5.2 The composition of the STCB and details of the meetings
attended by its members during the period 2011-12 are
as under:
-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·i·i -ii-i ªi«ª·i/Þreseot uemcers
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ¸·|·|·||·|| + ·|···|
Shri N.R. Badrinarayanan
ED & Member of STCB 12/12 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ¸·|·|·||·|| + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
ED & Member of STCB 7/7 Member from 01.10.2011
·|| ~|·.·.·|·||
|-|· ·|+ ·| ¸·|·|·||·|| + ·|···| .º..º.º.º ·| ·|···|
Shri R.A. Sharma
ED & Member of STCB 1/1 Member from 03.03.2012
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ¸·|·|·||·|| + ·|···|
Shri S.L. Morris
Director & Member of STCB 8/12 -
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ~·|·| + ·||· ~..º.º.·| ··|·|·||·|| + ~··|-| ·|
+|·| ·||-|+ |-|· ·|+ ·| ··|·|·||·|| + ~··|-| º...-.º. ·| |-|· ·|+ -|r| ·r
Shri Ajai Kumar Chairman of STCB from 16.03.2011 and ceased
ED & Chairman of STCB 5/5 to be director from 30.09.2011
·|| ·| ·||| ·| -| ~..º.º. ·| ·|···| + -·| ·| ·|||·|-|
|-|· ·|+ ·| ··|·|·||·|| + ·|···| r · ·| .º..º.º.º ·| |-|· ·|+ -|r| ·r
Shri Sanjeev Jain Inducted as member from 16.03.2011and ceased
Director & Member of STCB 11/12 to be member from 03.03.2012
3.5.3 The meetings of STCB were held on the following
dates :
3.6.0 Remuneration Committee (RCB) :
3.6.1 The whole time directors of the Bank i.e. the Chairman &
Managing Director and the Executive Directors are being
paid remuneration and provided reimbursement of traveling
and halting expenses as per rules framed by Govt. of India
but none of them are paid sitting fees for attending the
Board meetings and other committee meetings of the
Board.
3.6.2 In compliance with the directives of Ministry of Finance,
Government of India, Remuneration Committee of the
Board (RCB) was formed during the year for the sole
purpose of evaluation of the performances of the wholetime
directors of the Bank for payment of “Performance Linked
Incentives”, annually.
29.04.2011 05.09.2011 11.11.2011 02.02.2012
27.06.2011 26.09.2011 03.12.2011 01.03.2012
27.07.2011 17.10.2011 06.01.2012 26.03.2012
29.04.2011 05.09.2011 11.11.2011 02.02.2012
27.06.2011 26.09.2011 03.12.2011 01.03.2012
27.07.2011 17.10.2011 06.01.2012 26.03.2012
3.5.2 ¢ªrc|ªr|·r| +r ªr·rc-r ¢·r =ªr+| ·ra+r -r ªr|-r|·r + ªr<ª·rr
+| =·r|ª·r|·r +r |·r·rººr |-r--rr-rªrrº r : :: ::
3.5.3 ¸·||·||·|| +| ·| + |-|·-||-||·|·| ·||·|·|| +| ~|·|| |·|·| +|
·|, :
1êu ·rrr|º·r|-r+ ªr|-r|·r (¤rºªr|·r|)
1ê1 ·| + + ·| | +||-|+ |-|· ·|+| ·|·|| ~··|-| ¸| ·|·| ·| |-|· ·|+ ·|·||
+|·| ·||-|+ |-|· ·|+| +| ·||··| ·|·+|· ;|·| ·|-||¸ ·|¸ |-|·|·|| + ~-| ·||·
·|||··||·|+ +| ·| ·|·||-| |+·|| ·||·|| r ¸| ·||~|| ·|·|| ~| · ||·|·| ·|·| +|
·||·|·| |·| +| ·||·|| r, ·|· ·| ·-|·| ·| |+·|| +| |-|· ·|+ ·| ÷-| +| ·| +|
·|| |-|· ·|+ ·| ÷-| +| ~-·| ·||·||·|·|| +| ·| +| ·| ··||··|·| r| -| + |-|¸
|+·|| ·| + ·| -+ +| ·| ·|·||-| -|r| |+·|| ·||·|| r :
1êz |·| + ·| ·|-| ·||··| ·|·+|·, ||·| ·| ~||-|·| + |-|· ·|| + ~-| ·||-|-|
·| ·|||··||·|+ ·||·||·| +| ·|-| |+·|| ·|·|| |·|·|+| ¸+·||~| ·· ··| |||·| +
~|·||· ·|· ?+|·| |-|··||·-| ·| · ·|| ··||r-|? + ·| ·|·||-| + |-|¸ ·| + +
·| | +||-|+ |-|· ·|+| + +|·| |-|··||·-| +| ·| -·|| +-| +·-|| r :
48
3.6.3 Composition of the RCB and details of meeting attended
by the members of RCB :
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·r·r -rr-r ªr«ª·r/PRESENT MEMBERS
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ~|··||·|| + ~··|-|
Shri Pravin Rawal
Director and Chairman of RCB 1/1 -
·||·||| ··|| ·| +·
|-|· ·|+ ·| ~|··||·|| +| ·|···| ·|···|
Smt. Uma Shankar
Director and Member of RCB 1/1 -
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ~|··||·|| + ·|···|
Prof. S.L. Morris
Director and Member of RCB 0/1 -
3.6.4 Date of RCB Meeting : 05.09.2011
3.7.0 Special Committee for Monitoring of Large Value
Frauds (SMLVF)
3.7.1 In compliance with the guidelines issued by Reserve Bank
of India, Special Committee for Large Value Frauds has
been constituted with the objective of monitoring and follow
up of frauds involving Rs. 1 crore and above. Chairman &
Managing Director of the Bank acts as the Chairman of
the Committee.
3.7.2 Composition of the SMLVF Committee and details of
the meetings held & attended by the members during
the year 2011-12 :
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·r·r -rr-r ªr«ª·r/PRESENT MEMBERS
·|| ~··| +| -|
~··|-| ·| ·| | ·| |-|· ·|+ ·| ··|··|·-|||·+ + ~··|-|
Shri Arun Kaul
CMD and Chairman of SMLVF 4/4 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ··|··|·-|||·+ + ·|···|
Shri N.R. Badrinarayanan
Executive Director and Member of SMLVF 4/4 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ··|··|·-|||·+ + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
Executive Director and Member of SMLVF 2/2 Member from 01.10.2011
1ê1 ¤rºªr|·r| +r ªr·rc-r ¢·r =ªr+| ·ra+r -r ¤rºªr|·r| + ªr<ª·rr +|
=·r|ª·r|·r +r |·r·rººr : :: ::
º.~.« ~|··||·|| +| ·| + +| ||·|·| : 05.09.2011
º... ¤|·r+ ºr|ºr + +·rc r +| |-r·rºr-r| r ·r |·rºr ·r ªr|-r|·r
(¢ªr¢-r¢-r·r|¢+)
3.7.1 ·||··||·| |··|| ·| + ;|·| ·||·| ·||·| ··|| |·|,| ·|| + ~-| ·||-|-| ·|
~|·|+ ·||·| + +·|| +| |-|·|·|-|| r ·| ||·| ·| ·||·||·| +| ·|-| |+·||
·|·|| r |·|·|+| ·· ··| 1 +·| ÷ ·. ¸| ··|·| ~|·|+ ·||·| + +·|| +|
|-|·|·|-|| ¸| ·-| ·|· ~-| |·|| +|· ||, +·-|| r : ·| + + ~··|-| ¸| ·|·| ·|
|-|· ·|+ ,·| ·||·||·| + ~··|-| r :
3.7.2 ¢ªr¢-r¢-r·r|¢+ +r ªr·rc-r ¤rº ·r·r zcJJ-Jz + «r ºr-r
¤r·rr |=r·r ·r a+r )·r =+ ·ra+r -r ªr<ª·rr +| =·r|ª·r|·r +r |·r·rººr : :: ::
49
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ··|··|·-|||·+ + ·|···| º..º. ·| ·|···|
Shri Pravin Rawal
Director and Member of SMLVF 1/2 Member from 12.11.2011
·|| ·|-|| ·| + ·||· ·| ·|
|-|· ·|+ ·| ··|··|·-|||·+ + ·|···| .º..º.º. ·| ·|···|
Shri Manoj Kumar Gupta
Director and Member of SMLVF 2/2 Member from 02.08.2011
·| | ·|···| / PAST MEMBERS
·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+ ·| ··|··|·-|||·+ + ·|···| .º..-.º. ·| |-|· ·|+ -|r| ·r
Shri Ajai Kumar
Executive Director & Member of SMLVF 2/2 Ceased to be member from 30.09.2011
·|| ··|.+ .|·|-r|
|-|· ·|+ ·| ··|··|·-|||·+.+ ····| ºº...º. ·| ·|···| -|r| ·r
Shri S. K. Sinha
Director & Member of SMLVF 1/1 Ceased to be member from 22.07.2011
·|| + .·-|.·| ·||·
|-|· ·|+ ·| ··|··|·-|||·+ + ····| º..º. ·| ·|···| -|r| ·r
Shri K L Prasad
Director & Member of SMLVF 1/1 Ceased to be member from 12.11.2011
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
3.7.3 During the period under review four meetings of the
Committee were held i.e. on 17.05.2011, 27.07.2011,
13.12.2011 and 01.03.2012.
3.8.0 Nomination Committee of the Board (NCB) :
In compliance with the directives of Reserve Bank of India,
Nomination committee of the Board (NCB) was constituted so
as to undertake the exercise of ‘due diligence’ for determining ‘fit
and proper’ status of the existing elected directors / persons to
be elected as director under Section 9(3)(i) of Banking Companies
(Acquisition & Transfer of Undertakings) Act 1970.
3.8.1 Composition of the NCB and details of the meetings
held and attended by the members of NCB during the
year 2011-12
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·r·r -rr-r ªr«ª·r/PRESENT MEMBERS
>r| ·r·r|ºr ºr·r-r
|-|· ·|+ ·| ·-|·||·|| + ~··|-| .º.º.º. ·| ·|···|
Shri Pravin Rawal
Director & Chairman of NCB - Member from 02.12.2011
·rr .)ªr.)-r.-rr |ºªr
|-|· ·|+ ·| ·-|·||·|| + ·|···|
Prof. S.L. Morris
Director & Member of NCB 1/2 -
3.7.3 ·|·||-||·||-| ~||·| + ·|·|-| ·||·||·| +| ||· ·|+ |·-||+
17.05.2011, 27.07.2011,13.12.2011 ~| · 01.03.2012 +| ~|·|| |·|·|
+| ·|, :
3.8.0 l-i« ºi+ -i =-i +l -ii-ii +-i ªil-il·i (¢-iªil·il) ·
·||··||·| |··|| ·| + ;|·| ·||·| |-|· ·|| + ~-| ·||-|-| ·| ||··||-| |-||| ||·|
|-|· ·|+| ;·| ++|·| + ·|-|| ,··|+·|| +| ~·| -| ~| · ~ ·|·|) ~|·||-|·|·|,
-. +| ·||·| -,º,,, + ~·||-| |-|· ·|+ + ¬ ·| ·| |-||| ||·| |+¸
·||-| ||-| ·||··|| +| ‘·||·| ¸| ·|r|’ |··||·| ~|·|||··| +·-| + |-|¸
‘·|·| ||·| ·|||·||-||’ ·|··| ·||-| +| +|·| +·-| r ·| |-|· ·|+ ·| ÷-| +|
-||·|| +-| ·||·||·| +| ·|-| |+·|| ·|·|| :
3.8.1 ¢-rªr|·r| +r ªr·rc-r ¤rº ·r·r zcJJ-Jz + «r ºr-r =+ ªr|-r|·r +|
·ra+r )·r =-r-r ¢-rªr|·r| + ªr<ª·rr +| =·r|ª·r|·r +r |·r·rººr : :: ::
50
>r| ºr-r ¤·r·rrº ºr-rr
|-|· ·|+ ·| ·-|·||·|| ····|
Shri Ram Avtar Sharma
Director and Member of NCB 2/2 -
>r| -r-rr =r + -rrº ·r ··r
|-|· ·|+ ·| ·-|·||·|| + ·|···| .º..º.º. ·| ·|···|
Shri Manoj Kumar Gupta
Director & Chairman of NCB - Member from 02.08.2011
·| | ·|···|/PAST MEMBERS
>r| ªr =r|·r =r -r
|-|· ·|+ ·| ·-|·||·|| + ·|···| .º..º.º.º ·| |-|· ·|+ -|r| ·r
Shri Sanjeev Jain
Director and member of NCB 2/2 Ceased to be director from 03.03.2012
·|| ··|.+ .|·|-r|
|-|· ·|+ ·| ·-|·||·|| + ~··|-| ºº...º. ·| |-|· ·|+ -|r| ·r
Shri S K Sinha
Director and Chairman of NCB 2/2 Ceased to be director from 22/07/2011
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
Date of Meeting of NCB: During the period under review two
meetings of the committee were held on 02.07.2011 and
05.07.2011.
3.9.0 Customer Service Committee (CSC)
3.9.1 In compliance with the directives issued by Reserve Bank
of India, Customer Service Committee of the Board has
been constituted:
i) to ensure implementation of and adherence to the
recommendations of Committee on Procedures and
Performance Audit of Public Services as well as
compliance with its recommendations;
ii) to bring upon improvement in the level of customer
satisfaction for all categories of clientele at all times;
iii) to consider innovative measures to enhance the quality
of customer service
3.9.2 The Chairman & Managing Director of the Bank is the
Chairman of the Committee.
)-rªr|·r| + ·r a+ +| ·rrº|=r : ·|·||-||·||-| ~||·| + ·| ·|-| ·| .º...º.
·| .:...º. +| ·||·||| +| ·| ·| + ~|·|| |·|·| +| ·|, :
3.9.0 :iir+ ªi ·ii ªil-il·i (ªil¢ªiªil)
3.9.1 ·||··||·| |··|| ·| + ;|·| ·||·| ·||·| ··|| |·|,| ·|| + ~-| ·||-|-| ·|
|-|··|+ ·|÷-| +| ·||r+ ·||| ·||·||·| +| ·|-| |-|·-||-||·|·| r·| |+·||
·|·|| r -
i) ·||| ·||-|+ ·| || +| ·||+·|| ¸| +|·| |-|··||·-| -| ·||·|·|-|| ·||·||·| +|
·| ··| |·|·|| +| +|·|| -|·|-| ¸| ··|+| |·|+||··|| +| ~-| ·||-|-| ·| |-||·|·|
+·-| r ·| ,
ii) ·|· | ·|·|| ·| || + ·||r+| + |-|¸ ·||r+·| |· + ··|· ·| ·| ·||·
-||-| r ·| ,
iii) ·||r+ ·| || +| ·| ||·|| ·| | |, +·-| + |-|¸ -|||-| ··||·|| ·|·
||||· +·-| r ·| :
3.9.2 ·| + + ~··|-| ¸| ·|·| ·| |-|· ·|+ ,·| ·||·||·| + ~··|-| r :
51
3.9.3 Composition of the CSC and details of the meetings
held during the year 2011-12 and attended by the
members of CSC :
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·r·r -rr-r ªr«ª·r/PRESENT MEMBERS
·|| ~··| +| -|
~··|-| ·| ·| ·| ·| |-|· ·|+ ·| ·||··|·|| + ~··|-|
Shri Arun Kaul
CMD & Chairman of CSC 4/4 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ·||··|·|| + ·|···|
Shri N.R. Badrinarayanan
Executive Director and Member of CSC 4/4 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ·||··|·|| + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
Executive Director & Member of CSC 2/2 Member from 01.10.2011
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ·||··|·|| + ~··|-| .º.º.º. ·| ·|···|
Shri Pravin Rawal
Director & Member of CSC 1/2 Member from 02.12.2011
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ·||··|·|| + ·|···| ºº..~.º. ·| ·|···|
Prof S.L. Morris
Director & Member of CSC 1/3 Member from 28.06.2011
·|| ·|·| ~|||· ·|·||
|-|· ·|+ ·| ·||··|·|| ·|···| ºº..~.º. ·| ·|···|
Shri R.A. Sharma
Director & Member of CSC 3/3 Member from 28.06.2011
|·|·-| ·|···|/PAST MEMBERS
·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+ ·| ·||··|·|| + ·|···| ...~.º. ·| ·|···| -|r| ·r
Shri Ajai Kumar
Executive Director & Member of CSC 1/1 Ceased to be member from 10.06.2011
·|| ··|.+ .|·|-r|
|-|· ·|+ ·| ·||··|·|| + ····| ...~.º. ·| ·|···| -|r| ·r
Shri S.K. Sinha
Director & Member of CSC 0/1 Ceased to be member from 10.06.2011
·|| ·|·| · | ·| ·|
|-|· ·|+ ·||··|·|| + ·|···| º..~.º. ·| ·|···| -|r| ·r
Sri J.D.Gupta
Director and Member of CSC 0/1 Ceased to be member from 13.06.2011
·|| . ~·|···|·||
|-|· ·|+ ·| ·||··|·|| + ·|···| º..~.º. ·| ·|···| -|r| ·r
Md. Akhruzzaman
Director and Member of CSC 0/1 Ceased to be member from 18.06.2011
·|| + .·-|.·| ·||·
|-|· ·|+ ·| ·||··|·|| + ····| º..º. ·| ·|···| -|r| ·r
Sri. K. L.Prasad
Director and Member of CSC 1/1 Ceased to be member from 12.11.2011
3.9.3 ªr|¢ªrªr| +r ªr ·rc-r ¤r º ·r·r zcJJJ-Jz + «r ºr-r ¤r·rr |=r·r
·r a+ )·r =+ ªr|-r|·r +| ·ra+r -r ªr|¢ªrªr| + ªr<ª·rr +|
=·r|ª·r|·r +r |·r·rººr :
52
3.9.4 During the period under review, four meetings of the
committee were held i.e. on 17.05.2011, 05.09.2011,
02.02.2012 and 26.03.2012
3.10.0 Committee on HR Related Issues (CHR)
3.10.1 In the light of the directive of Govt. of India on Managerial
Autonomy to the Public Sector Banks (PSB), the Board of
Directors of the Bank is granted with freedom and
responsibility for deciding on managerial issues within the
broad framework of the Government policies. One of the
areas of autonomy relates to framing of HR policies and
procedures.
3.10.2 Objective of the Committee:
i) to decide all Human Resource issues relating to the
Bank including staffing pattern, recruitment, placement,
transfer, training, promotions, pensions etc.
ii) to frame HR policies and procedures for recruitment
including eligibility criteria, mode of selection, levels
of entry etc.
iii) to take decisions on remuneration and compensation
of officers and staff
iv) to lay down policy of accountability and responsibility
of Bank officials
v) to prescribe standards for categorization of branches
3.10.3 Composition of the CHR Committee and details of the
meetings held during the year 2011-12 and attended
by the members of the Committee.
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·r·r -rr-r ªr«ª·r/PRESENT MEMBERS
·|| ~··| +| -|
~··|-| ·| ·| ·| ·| |-|· ·|+ ·| ·||··|~|· + ~··|-|
Shri Arun Kaul
CMD & Chairman of CHR 5/5 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ·||··|~|· + ·|···|
Shri N.R. Badrinarayanan
Executive Director and Member of CHR 5/5 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ·||··|~|· + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
Executive Director and Member of CHR 4/4 Member from 01.10.2011
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ·||··|~|· + ~··|-| .º.º.º. ·| ·|···|
Shri Pravin Rawal
Director & Member of CHR 4/4 Member from 02.12.2011
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ·||··|~|· + ·|···|
Shri S.L. Morris
Director and Member of CHR 3/5 -
·|| ·|·| ~|||· ·|·||
|-|· ·|+ ·| ~|·| |~||| ·|···|
3.9.4 ·|·||-||·||-| ~||·| + ·| ·|-| ·||·||·| +| ·||· ·| + + ·|·|. |·-|| +
17.05.2011, 05.09.2011, 02.02.2012 ~| · 26.03.2012 +| ~|·|| |·|·|
+| ·|, :
3.10.0 -ii-i·i ªi ªii·i-i ªi ·i ·il -i ci ªi ªi ·i l·i·i ªil-il·i (ªil¢·i»iª)
3.10.1 ·|·+|·| -| ~| + ·| +| ,·||··|·||, + |-|¸ ·|·| ·|+|·| ·||·|·|·||
·| ·| ·|| ·||··| ·|·+|· + |-|· ·|| + ~|-|| + ·| ·| + + |-|· ·|+ ·| ÷-| +|
,·| ·||·| +| ·|r ·|·| ~|·|| ·| ·|, r ¸| ··|··||·|·| ·|| ·|| ·|·|| r |+ |r
·|·+|·| -|||·|·|| + ·||·|+ «|| + ·||·|· ·|·|·|+|·| ·|·| ·|· |-||·| -|:
·||·|·|·|| ·| ·| ·| |·|·| ¸+ -| ~| +| ·| ·| ·| ·||-|| ·| ·||·|-| ·| ·| ·| |·|·| -|||·|
¸| |+·|||||·| + |-|·|| | ·| r :
3.10.2 ªr|-r|·r +r =c º·r : :: ::
i) ·|+ «| ||,·|·|| ,|···|||-|,··||-|| ·|··| ,.||·|-|·| , |·| --||·| ,
| ·|-| ~||· ·||r·| ·| + ·| ·| ·| |·|·| ·||-|| ·| ·||·|-| ·| ·| ·|| ·|·||
·| ·| + ·||· ·| |-|·| ·| +·-||
ii) ||~|·|| ·||-|· ÷, |·|-| +| |,|·|, .|| ·| +| ··|· ~||· ·||r·|
·|·|| + |-|¸ ·||-|| ·| ·||·|-| ·| ·| ·|| -|||·| ¸| |+·|||||·| ·|-||-||
iii) ~|·|+||··|| ¸| ·|+ +| ·|||··||·|+ ¸| -||·|·| |·| + ·||· ·|
|-|| ·| -| -||
iv) ·| + + ·|··|||··|| +| ·|||·|· r| ~| · |·|··| ·|·| ·| ·| ·| |·|·| -|||·|
|-|·|| |··| +·-||
v) ·||·||~| + |·||+·| + |-|¸ ·||-|· ÷ |||r·| +·-||
3.10.3 ªr|¢-r¤rº ªr|-r|·r +r ªr·rc-r ¤rº ·r·r zcJJJ-Jz + «r ºr-r
¤r·rr |=r·r ·r a+ )·r =+ ªr|-r|·r +| ·r a+r -r ªr<ª·rr +| =·r|ª·r|·r
+r |·r·rººr
53
Shri Ram Avtar Sharma
Director and Invitee 3/4 -
·r¸ ·r ªr«ª·r/PAST MEMBERS
·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+ ·| ·||··|~|· + ·|···| º...-.º. ·| ·|···| -|r| ·r
Shri Ajai Kumar
Executive Director & Member of CHR 3/3 Ceased to be member from 30.09.2011
·|| ·|·| · | ·| ·|
|-|· ·|+ ·| ·||··|~|· + ·|···| º..~.º. ·| ·|···| -|r| ·r
Sri J. D. Gupta
Director and Member of CHR 1/1 Ceased to be member from 13.06.2011
·|| + .·-|.·| ·||·
|-|· ·|+ ·| ·||··|~|· + ····| º..º. ·| ·|···| -|r| ·r
Sri. K. L.Prasad
Director and Member of CHR 2/2 Ceased to be member from 12.11.2011
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
3.11.0 Committee on IT & Financial Inclusion (CIT &FI)
3.11.1 In order to provide focused attention in matters relating
to technology up gradation and IT initiatives for Financial
Inclusion, the Board of Directors, at its meeting dated
26.06.2009 constituted the Committee on IT & Financial
Inclusion (CIT & FI).
3.11.2.. Composition of the (CIT & FI) and details of the
meeting attended by the members of (CIT & FI) :
3.10.4 During the period under review, five meetings were held
on the following dates :
10.06.2011 06.07.2011 05.09.2011 03.12.2011 26.03.2012
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·|| ~··| +| -|
~··|-| ·| ·| ·| ·| |-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ~··|-|
Shri Arun Kaul
CMD & Chairman of CIT & FI 1/1 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ·|···|
Shri N.R. Badrinarayanan
Executive Director and Member of CIT & FI 1/1 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
Executive Director and Member of CIT & FI 1/1 Member from 01.10.2011
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ~··|-| .º.º.º. ·| ·|···|
3.10.4 ·|·||-||·||-| ~||·| + ·| ·|-| |-|·-||-||·|·| ·||·|·|| +| ·| |·|
·| + ~|·|| |·|·| +| ·|, :
3.11.0 ªr¸ .·r r . )·r |·r-r|·r ªr-rr·r ºr-r (ªr|¤r¡ c| )·r )+¤r¡ j ªr|-r|·r
º.. ·||·||·|+| ··|·|-| ·| ||·||·| ·|·|||·|-| + |-|· ·|·|-|| ·||·||·|+|
·|r-| ·| ·| ·| |·|| ·||·|-|| ·|· ||·| ·| ··||-| · -| r | |-|· ·|+ ·| ÷-| -| |·-|| +
º~..~.º..- +| ·| ·|·| ·| + ·| ·| .·| | . ·| ||·||·| ·|·||| ·|-| ,·||~||·|
·| ·+~|, , ·||·||| +| ·|-| |+·||
º.JJ.z ªr|¤r¡ c| )·r )+ ¤r¡ +r ªr ·rc-r )·r =ªr+| ·r a+r -r ªr«ª·rr
+| =·r|ª·r|·r +r |·r·rººr
54
Shri Pravin Rawal
Director & Member of CIT & FI 1/1 Member from 02.12.2011
·|| ·|·| ~|||· ·|·||
|-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ·|···|
Shri Ram Avtar Sharma
Director & Member of CIT & FI 1/1 -
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ·|···|
Prof. S.L. Morris
Director & Member of CIT & FI 1/1 -
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
During the period under review one meeting of the committee
was held on 13.12.2011
4.0 Shareholders Meetings held during the last three years ;
The details of the General Meetings of the Shareholders held
during the last 3 years :
·| + +| -||·| ·||·|·| ¸| |·-| ·|·|·| ··||-|
Name of the meeting Date and Day Time Venue
~| |||·|+ ~|·| ·| + º ·| -||, , º..- ... ·|·| , ··-| ·|| -|-| +-·|·-| ·| ··,
·-|| + ·||, º., ·||-· -| +,
+| -|+||| .. .~
6
th
Annual 3
rd
July 2009 11.00 A.M Eastern Zonal
General Meeting Cultural Centre, Block 1B,
201, Salt Lake, Kolkata - 700106
~·||·||··| ·||·||-·| ~|·| ·| + º ·||·| , º.. .º. ·|·| ·| |-|||·|·| , |·· ·· · r|-|,
, ·| |+·| ·|··|| ·· |·,
+| -|+||| .. .º
Extra Ordinary 2
nd
March, 2010 11.30 A.M. University Institute Hall,
General Meeting 7, Bankim Chatterjee St.,
Kolkata –700 073
|| |||·|+ ~|·| ·| + º ·| -||, , º.. ... ·|·| , ··-| ·|| -|-| +-·|·-| ·| ··,
·-|| + ·||, º., ·||-· -| +,
+| -|+||| .. .~
7
th
Annual 12
th
July, 2010 11.00 A. M Eastern Zonal Cultural Centre,
General Meeting Block 1B, 201, Salt Lake,
Kolkata – 700106
~·||·||··| ·||·||-·| ~|·| ·| + ·||·| , º. ... ·|·| -| ·|-|-| -||,·| ·| ~| |÷·| |··|·|,
·| -|| |÷·|· ·| ÷, ~-||·| ·,
+| -|+||| .. .º
Extra ordinary 17
th
March, 2011 11.00 A.M National Library Auditorium,
General Meeting Belvedere Road, Alipore,
Kolkata 700 027
º|| |||·|+ ~|·| ·| + « ·| -||, , º. ... ·|·| , ··-| ·|| -|-| +-·|·-| ·| ··,
·-|| + ·||, º., ·||-· -| +,
+| -|+||| ...~
8
th
Annual 14
th
July, 2011 11.00 A.M. Eastern Zonal Cultural Centre,
General Meeting Block 1B, 201, Salt Lake,
Kolkata - 700106
~·||·||··| ·||·||-·| ~|·| ·| + ºº ·||·| , º.º ... ·|·| -| ·|-|-| -||,·| ·| ~| |÷·| |··|·|,
·| -|| |÷·|· ·| ÷, ~-||·| ·,
+| -|+||| .. .º
Extra ordinary 23
rd
March, 2012 11.00 A.M National Library Auditorium,
General Meeting Belvedere Road, Alipore,
Kolkata 700 027
4.0 |·ro-r ·r|-r ·r·rr + <rºr-r ¤r·rr|»r·r ºr·rº·rrº+r +| ·ra+ ·
|·|·-| ·||-| |·|| + ·| ·|-| ~|·|| |·|·| ·| ·|··||·+| +| ~|·| ·| +| + ··|| ·
,·| ·|+|· r :
·|·||-||·||-| ~||·| + ·| ·|-| |·-|| + º.º.º. +| ·||·||| +| ·+
·| + ~|·|| |·|| +| ·|,
55
4.1.1 Attendance of the Directors in the last Annual General
Meeting :
The last i.e. 8
th
Annual General Meeting was held on 14
th
July,
2011 at Eastern Zonal Cultural Centre, Block 1B, 201, Salt Lake,
Kolkata – 700106. Shri. Arun Kaul, Chairman & Managing
Director, Shri Ajai Kumar, Executive Director, Shri N R
Badrinarayanan, Executive Director and Shri Sanjeev Jain,
Director attended the meeting.
4.1.2 New Directors on the Board after the last Annual General
Meeting :
Shri. Shri S. Chandrasekharan, Executive Director, Sri. K.L
Prasad, Director, Shri Pravin Rawal, Director and Shri Manoj
Kumar Gupta, Director, became the members of the Board
subsequent to the date of the last Annual General Meeting held
on 14
th
July, 2011.
4.1.3 Special Resolutions passed during last three years
i) In the Extra Ordi nary General Meeti ng of the
shareholders held on 2/3/2010, a special Resolution
was passed in terms of which the shareholders of the
Bank accorded its approval to the Board enabling it,
interalia, to issue and allot not exceeding 6(six) crore
Equity Shares of face value of `10/- each, in one or
more trenches by way of Public Issue, Preferential
Issue and/ or Private Placement.
ii) In the Extra Ordi nary General Meeti ng of the
shareholders held on 17th March, 2011, a special
resol uti on was passed i n terms of whi ch the
shareholders of the Bank accorded its approval to the
Board enabling it, interalia, to issue and allot upto
7,90,00,000 equity shares on preferential basis to
Government of India. Bank had allotted 7,81,57,479
equity shares of ` 10/- each on 25.03.2011 at ` 120.27
per share determined in accordance with Regulations
76 (1) of SEBI ICDR Regulations, 2009.
iii) In the Extra Ordi nary General Meeti ng of the
shareholders held on 23
rd
March, 2012, a special
resol uti on was passed i n terms of whi ch the
shareholders of the Bank accorded their approval to
the Board enabling it, interalia, to issue and allot upto
6,06,13,407 equity shares to Government of India and
3,13,75,874 equi ty shares to Li fe Insurance
Corporation of India on preferential basis. Bank had
allotted 58,18,887 equity shares to Government of
India and 3,13,75,874 equity shares to LIC of India on
30.03.2012 at an issue price of ` 82.49 per share
determined in accordance with Regulations 76 (1) of
SEBI ICDR Regulations, 2009.
iv) No special resolution was passed through postal ballot
since IPO.
5.0 Disclosures :
The Bank is governed under the Banking Regulations Act 1949,
Banking Companies (Acquisition & Transfer of Undertaking) Act
1970, Nationalised Banks (Management & Miscellaneous
Provisions) Scheme 1970 and The Banking Companies
(Acqui si ti on & Transfer) & Fi nanci al Insti tuti ons Laws
(Amendment) Act 2006. Reserve Bank of India, has clarified that
for Listed Public Sector Banks, Clause 49 of the Listing Agreement
will apply only to the extent that it does not violate the relative
statutes applicable to them and the guidelines issued by
Government of India/Reserve Bank of India from time to time in
this regard.
4.1.1 |·ro-r| ·rr|·r+ ¤r-r ·ra+ -r |-r<ºr+r +| =·r|ª·r|·r
|·|·-||, ·||-|| º || |||·| + ~|·| ·| + « ·| -||, , º. +| , ·-|
·|| -|-| +-|·-| ·| ·, ·-||+ ·|| º., ·||- -| + |·||, +| -|+|·||
...~ ·| ·| ·|--| r , ·|| |·|·|·| ·|| ~··| +| -|, ~··|-| ¸| ·|·| ·|
|-|· ·|+, ·|| ~·|·| + ·||·, +|·| ·||-|+ |-|· ·|+, ·|| ·-|.~|·.·|-|-||·|·|·|-| ,
+|·| ·||-|+ |-|· ·|+, ¸| ·|| ·| ·||| ·| -|, |-|· ·|+ -| ·||·| |-|·|| :
4.1.2 |·ro-r| ·rr|·r + ¤r-r ·r a+ + ·rr< |-r< ºr+ -r =-r -r ºrr|-r-r -r¢
|-r< ºr+
|·-|| + « ·|-||,, º. +| ~|·|| |·|·| |·|·-|| |||·| + ~|·| ·| + +|
·||·|·| + ·||· ·|| ··|.·|--·| ·|·-| , +|·| ·||-|+ |-|· ·|+, ·|| + .·-|.·| ·||·,
|-|· ·|+, ·|| ·| ||·| ·||-|, |-|· ·|+ ~| · ·|| ·|-|| ·| + ·||· ·| ·|, |-|· ·|+
·|| ÷ + ·|···| r ¸:
4.1.3 |·ro-r ·r|-r ·r·rr + <rºr-r ·rr|º·r |·rºr·r ªr+-·r
i) |·-|| + º ·||| , º.. +| ~|·|| |·|·| ·| ·|··||·+| +| ~·||·||·| ~|·|
·| + ·| ¸+ ||·| ·| ·| +-·| ·|||··| |+·|| ·|·|| |·|·|+| ·|·|| + ~-| ·||· ·| +
+ ·| ·|··||·+| -| |-|· ·|+ ·| ÷-| ;|·|, ~-·| ·||·|| + ·||·|·||·|, ·||| ·||-|+
|-|·| ·| + ¬ | ·| ~|·|·||-|| |-|·| ·| ~| · ; ·|| |-|·|| ·|| · |· ·| ·|· ~|·| -|
~|·||· ·|· ·|| ¸+ ·|| +, |r··|| ·| ./ ` ·| ·| + + ~ |+| ·| -·| ·|·
~ ,·r, +·| ÷ ·. ·| ~-||·|+ + ·| ·|·, |-|·| |·|·| ¸| ~|·| |·| |+¸ ·||-|
+| ~-| ·|| ·-| |+·|| :
ii) |·-|| + ·||| , º. +| ~|·|| |·|·| ·| ·|··||·+| +| ~·||·||·| ~|·|
·| + ·| ¸+ ||·| ·| ·| +-·| ·|||··| |+·|| ·|·|| |·|·|+| ·|·|| + ~-| ·||· ·| +
+ ·| ·|··||·+| -| |-|· ·|+ ·| ÷-| ;|·| ~-·| ·|||| + ·||·| ·||·|, ~|·|·||-·|
~|·||· |· ·||·| ·|·+|· +| ¯,·¨,¨¨,¨¨¨ ,|+|·| ·| ·|· |-|·| |·|·| ¸|
~|·| |·| |+¸ ·||-| +| ~-| ·|| ·-| |+·||: ·| + -| ·| ·|| ~|, ·||÷|~|· +
|||-|·|·| , º..- + |||-|·|·| ~ ,, + ~-| ·||· º..º ` ·| || ·| ·|·
·| -·| ·|· |·-|| + º:..º.º. +| ·| ·| + . / ` + ,º,:,«-
,|+|·| ·| ·|· ~|·| |·| |+·
iii) |·-|| + ºº ·||| , º.º +| ~|·|| |·|·| ·| ·|··||·+| +| ~·||·||·| ~|·|
·| + ·| ¸+ ||·| ·| ·| +-·| ·|||··| |+·|| ·|·|| |·|·|+| ·|·|| + ~-| ·||· ·| +
+ ·| ·|··||·+| -| |-|· ·|+ ·| ÷-| ;|·| ~-·| ·|||| + ·||·|·||·|, ~|·|·||-·|
~|·||· |· ·||·| ·|·+|· +| ö,¨ö,¹,4¨¯ , |+|·| ·| ·|· ·| ·||·||·|
·|||-| ·||·|| |-|·|·| +| º,º,:,º« ,|+|·| ·| ·|· |-|·| |·|·| ¸| ~|·| |·|
|+¸ ·||-| +| ~-| ·|| ·-| |+·||: ·| + -| ·| ·|| / ·||÷|~|· + |||-|·|·|, º..-
+ |||-|·|·| ~ ,, + ~-| ·||· ºº.«- ` ·| || ·| ·|· ·| -·| ·|· |·-|| +
º...º.º.º +| ·||·| ·|·+|· +| ¯-,-,--¯ , |+|·| ·| ·|· ·|
·||·||·| ·|||-| ·||·|| |-|·|·| +| º,º,:,º« ,|+|·| ·| ·|· ~|·| |·|
|+·
iv) ~|, ·||~| + ~|· ·| ·| r| ÷|+ ,|·| ·||·|~| ·| ·|-| + ·||·|-| ·| +| , ||·| ·|
·| +-·| ·|||·| -|r| |+·|| ·|·|| ·||
5.0 ir+c|+ººr :
·| + , ·| ++|·| |||-|·|·|-| ~|·||-|·|·| 1949, ·| ++|·| + ·|-|| ,··|+·|| +|
~·| -| ~| · ~ ·|·|) ~|·||-|·|·| 1970,·|·· |·|+ | ·| + ,·|·|·| ~|· ||||·|
··|·| ·|) ·|| ·|-|| 1970 ·|·|| ·| ++|·| + ·|-|| ,~·| -| ~| · ~ ·|·|) ~| ·
||·||·| ·| ··|| |||·| ,·| ·|| ·|-|) ~|·||-|·|·| 2006 ;|·| ·|||·|·| r| ·|| r :
·||··||·| |··|| ·| + -| ··|· |+·|| r |+ ·| ||·|, ·|·+|·| -| ~| + ·| +|
+ |-|¸ ·| ||+·| +·|· +| ·| ÷ 49 ··|| ·||·|| ·|+ -||·| r| ·|| |+ |r
·-|·|· -||·| ·| ·| |·|·| +|-| -| ¸| ,·| ·| ·| ·| ·| ·||··| ·|·+|·/·||··||·|
|··|| ·| + ;|·| ·|·|·|-·|·|·| ·|· ·||·| ·||·| ··|| |·|,| ·|| +| ~|·|+·||
-|r| +··|| r :
56
5.1 Remuneration of Directors :
Other than “Productivity Linked Incentives” payable to the whole
time directors, the remuneration of the Chairman & Executive
Director is fixed by the Central Government. The Bank does not
pay any remuneration to the part time directors except sitting
fees at the following rates.
For Board Meeting : ` 10,000/- per sitting
For Committee Meeting : ` 5,000/- per sitting
5.2 Disclosure of Material Transactions and Pecuniary
relationship:
Other than those in the normal course of banking business, the
Bank has not entered into any materially significant transaction
with its promoters, directors or the management etc. that may
have potential conflict with the interest of the Bank at large. There
was no pecuniary relationship or transactions of the non-executive
director vis-à-vis the Bank during the year.
In compliance of the Code of Conduct for Directors and Senior
Management of the Bank, Directors do not take part in the
deliberations of the Board and its sub-committees when the
matters relating to them or their relatives are discussed.
5.3 Proceeds from Public Issues etc.
During the financial year ended on 31st March, 2012, the Bank
did not raise any Equity Shares by way of Public/Right Issue.
Bank allotted 58,18,887 equity shares to Government of India
and 3,13,75,874 equity shares to LIC of India on 30.03.2012 on
preferential basis at an issue price of ` 82.49 per share
determined in accordance with Regulations 76 (1) of SEBI ICDR
Regulations, 2009. Bank had received ` 258,81,95,846.26 from
LIC of India and ` 47,99,99,988.63 from Government of India
against allotment of above equity shares. The funds so received
by the Bank were utilized/would be utilized for augmenting Bank’s
working capital resources and expansion of banking assets.
5.4 The Bank has formulated a Code of Conduct for the Board of
Directors and Senior Management on the lines of draft circulated
by Indian Bank’s Association. The text of the same is available
on the website of the Bank www.ucobank.com All the Directors
and Senior Management have affirmed their compliance of Code
of Conduct during the period under review.
5.5 During the year, there is no instance of non-compliance,
penalties, strictures imposed on the Bank by the Stock Exchanges
or SEBI or any other statutory/regulatory authority on any matter
related to Capital Markets transactions.
6.0 Compliance Status of the “Non-Mandatory Requirements”
of the Revised Clause 49 of the Listing Agreement with Stock
Exchanges :
Regarding compliance to “Non-Mandatory Requirements” of
Revised Clause 49 of the Listing Agreements with Stock
Exchanges, which are suggestive in nature, the Bank has
complied with the provision regarding Training of the Members
of the Board.
5.1 |-r<ºr+r +r ·rr|º·r|-r+ :
·| | +||-|+ |-|· ·|+| +| · ·| ?···||·+·|| ·| · ·|| ··||r-| ·||·|? +
~|·||·· ~··|-| ¸| +|·| ·||-|+ |-|· ·|+ +| ·|||··||·|+ + -|·| ·|·+|·
;|·| ·|·| |+·|| ·||·|| r : ·| + ~ ·|+||-|+ |-|· ·|+| +| |-|·-||-||·|·| ··|
·|· ·| + ·| -+ + ~|·||·· +| , ·|||··||·|+ ·|·|-| -|r| +··|| r -
|-|· ·|+ ·| ÷-| +| ·| + + |-|¸ : ·||·| ·| + `10000/-
·||·||·| +| ·| + + |-|¸ : ·||·| ·|+ ` 5000/-
5.2 -rr··r·r¸ºr -r-r<-r ·r·rr ¤r|·r+ ªr·r·r +r ir+c|+ººr :
·| |+·| +|·| ·||· + ·||·||-·| ~-| +·| + ~|·||·· ·| + -| ~·|-| ·||·| +| ,
|-|· ·|+| ·|| ·|·| ·|-| ~||· + ·||·| +| , ¸ ·|| ·|||·|+ ·--| ·|-||·| -| -|· -|
-|r| |+·|| r ·|| ·| + + ·||·|+ |r·|| ·|· ·| ·||||·| ·| + ·| ·| +· ·|+ :
|·| + ·| ·|-| ·| + + ·||··| -·| ·| ·| ·-+|·| ·||-|+ |-|· ·|+ +| +| , ~||·| +
·| ·| ·| ·|| -| -|· -| -|r| ·||:
·| + + |-|· ·|+| ·|·|| ||·· ·|·| ·|-| + |-|¸ ~|||· ·| |r·|| ·| ~-| ·||-|-|
·| |-|· ·|+·||, |-|· ·|+ ·| ÷-| ·|| ··|+| ··|·||·||·|·|| +| ·-| ·| +| ·|
r| -| ||-| ||||·||·|·| ·| ·||·| -|r| -| ·| r |·|-|·| |-|· ·|+·|| ·|| ·-|+
-||·| ·|·| ·| ·| ·| |·|·| ·||·|-|| ·|| ||| +| ·||·|| r :
5.3 ªrr·r»r|-r+ |-r·r-r ¤r|< ªr irr··r ºr|ºr
|·-|| + 31 ·|||, 2012 +| ·|·||··| ||·||·| |·| + ·| ·|-| ·| + -| ·||| ·||-|+
/~|·|+|· |-|·| ·| + ¬ ·| ·| , |+|| ·| ·|· ·||·| +·+ +| , ·||·| -|r|
·| |, : ·| + -| ·| ·|| ~|, ·||÷|~|· + |||-|·|·|, º..- + |||-|·|·|
~ ,, + ~-| ·||· ` ºº.«- ·| || ·| ·|· ·| -·| ·|· ~|·|·||-·| ~|·||· ·|· |·-|| +
º...º.º.º +| ·||·| ·|·+|· +| ¯-,-,--¯ ,|+|·| ·| ·|· ·| ·||·||·|
·|||-| ·||·|| |-|·|·| +| º,º,:,º« , |+|·| ·| ·|· |-|·| |·|·| ¸| ~|·| |·| |+·
·| + +| ··|·| +| , |+|·| ·| ·|·| + ~|·| ·-| + ·|·| ·| ·||·||·| ·|||-| ·||·||
|-|·|·| ·| ` º:º,º,-:,º«~.º~ ·| ·||·| ·|·+|· ·| ` «,--,--,--º.~º
·| |·| r ~| ·| + -| ·| |·| ·+| ·||·| +| ··|·|| ·| ·| + + +|·| +|·| ·| ·|| ·| ·||·|-||
·| ·| + + ~||·|·|| +| ·|« |-| + |-|· |+·|| +· ·||
5.4 ·| + -| ·||··||·| ·| + ·| ·| ;|·| ·||·|||-|·| ÷ |+ + ~-| ·||· |-|· ·|+
·| ÷-| ¸| ||·· ·|·| ·|-| + |-|¸ ~||·| ·| |r·|| ·| ·||· +| r : ··|+| ·||
·| + +| | ·|·||, www.ucobank.com ·|· ··|-|··| r : ·|·|| |-|· ·|+|
¸| ||·· ·|·| ·|-| -| ·|·||-||·||-| ~||·| + ·| ·|-| ~|||· ·| |r·|| + ~-| ·||-|-|
+| ·| |· +| r :
5.5 |·| + ·| ·|-| ·| ·|| ·||·||· ·| ·| ·| |·|·| -| -|· -| ·| ·| ·|| |+·|| ·||·|-| ·|
·| + ¸+·|| ·| ·|| ·| ·|| ·|| |+·|| ~-·| ·|| |||·|+/|-|·||·|+ ·|||·|+·|
;|·| ·| + ·|· +| , ·| ·-~-| ·||-|-| +| ~|·| ·|, · ÷, ~|-| ·| -|r| -|·||·|| ·|·||
r :
6.0 ªcr+ ¢+ªr-r»rr + ªrr·r ªr¸-r|+ººr +ºrº + ªrºrr|·r·r =r= 49 +l
“·r º- -- --¤|-r·rr·r ¤·r =rr“ + ¤-r·rr-r-r +| |ª·r|·r
·| + ¸+·|| ·|| + ·||·| ·| ||+·| +·|· + ·| ·|| |·|·| ·| ÷ 49 +| ?·| ·
~|-|||·| ~·| -||? + ~-| ·||-|-| + ·| ·| ·| ·| , ·|| ·|| + |·|+ ·|¬ ·| + r ,
·| + -| |-|· ·|+ ·| ÷-| + ·|···|| +| ·||·|-|| + ·||· ·| ·|||·||-| +|
~-| ·||-|-| |+·|| r :
57
6.1 The Bank has identified all related parties and
transactions with Directors during the year 2011-12 and
position as on 31
st
March, 2012 are as follows :
·|·| ·| ·|·| ·|-| +||·| + ~||·| |||·| ·||·|
Key Management Personnel Period Items Amount
>r| ¤=ºr +r -r cJ.c+.zcJJ ªr ºJ.cº.zcJz ·rr|º>r|-r+,
¤··r=r )·r ·r ·r ·r |-r« ºr+ ·r|º-r|··r·rr )·r ·rr ·ªrrr-r
=r-rr
Shri Arun Kaul 01.04.2011 to 31.03.2012 Remuneration,
CMD perquisites & Incentive 14.61
Deposits 25.36
·r¸ +r ·r + + ºr ·rºr -r |-r·r ºr ºr¸ -·r
Investments in UCO Shares Nil
·rr··r ··rr=r
Interest Received 1.76
=·rrº ºr¸ -·r
Borrowings Nil
>r| )-r.¤rº. ·rc|-rrºr·rºr-r cJ.c+.zcJJ ªr ºJ.cº.zcJz ·rr|º>r|-r+,·r|º-r|··r·rr )·r
+r·r ·rr-r+ |-r« ºr+ ·rr ·ªrrr-r
=r-rr
Shri N.R. Badrinarayanan 01.04.11 to 31.03.12 Remuneration,
ED perquisites & Incentive 12.58
Deposits 10.71
·r¸ +r ·r + + ºr ·rºr -r |-r·r ºr ºr¸ -·r
Investments in UCO Shares Nil
·rr··r ··rr=r
Interest Received 0.24
=·rrº ºr¸ -·r
Borrowings Nil
>r| )ªr.-r cºr =rº-r cJ.Jc.zcJJ ªr ºJ.cº.zcJz ·rr|º>r|-r+,·r|º-r|··r·rr )·r
+r·r ·rr-r+ |-r« ºr+ ·rr ·ªrrr-r
=r-rr
Shri S. Chandrasekharan 01.10.2011 to 31.03.2012 Remuneration,
ED perquisites & Incentive 6.16
Deposits 0.90
·r¸ +r ·r + + ºr ·rºr -r |-r·r ºr ºr¸ -·r
Investments in UCO Shares Nil
·rr··r ··rr=r
Interest Received 0.01
=·rrº ºr¸ -·r
Borrowings Nil
>r| ¤=r·r + -rrº cJ.c+.zcJJ ªr ºc.cs.zcJJ ·rr|º>r|-r+,·r|º-r|··r·rr )·r
-r¸ ·r·r¸ ·r +r·r ·rr-r+ |-r« ºr+ ·rr ·ªrrr-r
=r-rr
Shri Ajai Kumar, EX-ED 01.04.11 to 30.09.2011 Remuneration,
perquisites & Incentive 6.42
Deposits 12.82
·r¸ +r ·r + + ºr ·rºr -r |-r·r ºr ºr¸ -·r
Investments in UCO Shares Nil
·rr··r ··rr=r
Interest Received 1.19
=·rrº
Borrowings
,-||·| `. ·|) / (`. in lakhs)
6.1 ·r+ -r ·r·r 2011-12 + <rºr-r ªr-r| ªr·r|·r·r ·rr|c·rr ¤rº |-r<ºr+r
+ ªrr·r |+¢ ·r¢ -r -r< -r +| ·rr-rr-r +| r ¤r º 31 -rr-r , 2012 ·r+
+| |ª·r|·r |-r--r ir+rº ªr r :
58
+ ·r-r| +r -rr-r ªr ·r ·r +| ·r + |·r ªr |·r·rr¤r +r |·r·rººr ºJ.cº.zcJz +| |ª·r|·r + ¤-r ªrrº ªr |·r·rr +| ·r + |·r
)·r ·r+r·rr ºr ·r
Name of the company Nature of Relationship Details of the facilities Nature of facility and Balance outstanding
as on 31.03.2012
,+·| ÷ ` ·| , / (` in Crores)
M/s. Parabolic Drugs
Ltd., Chandigarh
Shri Pranav Gupta,
Director of the
Company is son of
Shri Jai Dev Gupta,
Director.
The Company is enjoying
credit facilities from our
Sector 17B Branch,
Chandigarh.
Term Loan : 25.21
Cash Credit : 14.98
Packing Credit : 16.02
Inland Bills
Discounting : 3.96
Cheque Purchasing : 0.24
Letter of Credit : 48.82
Bank Guarantee : 1.00
7.0 Means of Communication :
7.1 The information about the operational and financial
performance of the Bank are communicated to the Stock
Exchanges, where the securities of the Bank are listed
immediately on the date of Board meeting approving/reviewing
the financial statements of the Bank, besides posting of quarterly/
hal f-yearl y/annual fi nanci al resul ts i n Bank’s websi te
(www.ucobank,com). Such results are also made public through
press releases/advertisements as well as by presentation made
to the representatives from print and electronic media and other
interested members of the public.
7.2 As per the Listing Agreement with the stock exchanges
Unaudited but Reviewed financial results of the Bank for the
quarters ended on 30.06.2011, 30.09.2011, 31.12.2011 and
31.03.2012 were published within the prescribed time limit in
widely circulated dailies.
8.0 General Shareholders Information:
8.1.0 Annual General Meeting (AGM) of the Shareholders :
Before the Initial Public Offer, as the entire Equity Capital of the
Bank was held by the Govt. of India, no Annual General Meeting
was held till 2002-03. Subsequent to IPO, the Bank has been
holding Annual General Meetings of the shareholders every year,
as prescribed in the statute and within the stipulated time limit.
The details of last three general meetings of the shareholders
have been indicated under point no.4.0.
8.2.0 Listing on Stock Exchanges :
The equity shares of the Bank are listed on the following stock
exchanges :
+·| ·|. ·| + ¸+·|| ·|| + -||·| ·| + + ·| ||·|, |+¸ ·||-| +| ·||·|·|
Sl.No. Name of the Stock Exchanges Stock Code Date of listing
1. -| ·|-|-| ·| + ¸+·|| ·| ~|+ , |÷·|| |-|. ·| +| ·| +
National Stock Exchange of India Limited UCO BANK 09.10.2003
2. ·| ·|, ·| + ¸+·|| ·| |-|.
Bombay Stock Exchange Limited 532505 09.10.2003
The Bank has also issued 1823000 Perpetual Non Cumulative
Preference Shares (PNCPS) of nominal value of ` 1 lac each to
the Govt. of India which are unlisted securities.
·| ·|·| ·| ·|·|| |-|+ ÷ ··|
|-|.,·|÷|·|«
·|| ·| ·|| ·| ·|, + ·|-||
+ |-|· ·|+ ·|| ·|| ·|·|
· | ·| ·| ,|-|· ·|+ +
·| ~| r
+ ·|-|| r·||·| ·|| ·||·||,
·| ÷|·|« ·| »·| ·| ||·|| ·| |·|
+· ·r| r
·||·||·| »·| . º:.º
-|+·| »·| . «.-º
·| |+·| »·| . ~..º
~ |· ·||·| |·|-| ·| -||, . º.-~
·| + ·|·|· . ..º«
·||·| ·|~| . «º.ºº
·| + ·||· ·| . ...
7.0 ªr -rrº + ªrr·r-r :
7.1 ·| + + ·||·||-|-| ¸| ||·||·| +|·| |-|··||·-| ·| ·| ·| |·|·| ·| |-||¸ ¸ ·|
·| + ¸+·|| ·|| +| , ·|r| ·| + +| ·||·|·| |·|·|| +| ·| ||·|, |+·|| ·|·|| r ,
·| + + |||·| + ||·||·| |||·| +| ~-| ·|| ·-| / ·|·||-|| ·|| ÷ ;|·| |+¸
·||-| +| ·||·|·| +| ·|··| ·|+ +| |·|·||r|/ ··||r|/ |||·|+ ||·||·|
·||·||·| ·| + +| | ·|·||, (www.ucobank.com) ·| |·¸ ·||-| + ~|·||··
·| ·||·|| r : ·| + + ¸ ·| ·||·||·| +| ·| ·| ||-||··|·||/ ||-||·|-|| + ·||··|·|
·| ·||| ·||-|+ +·-| + ·||·| r| |·| ¸| ,-| + | |-|+ ·|||÷·|| + ·||·||-||·|·||
¸| ~-·| |r·|·|, ·||··|| + ·|·|-| ·|| ·|··| ·| |+·|| ·||·|| r :
7.2 ·|+ ¸+·|| ·|| + ·||·| ·| ||+··| +·|· + ~-| ·||· ¹¨.¨ö..¨,
¹¨.¨·..¨, ¹....¨ ¸| ¹.¨¹..¨. +| ·|·||·| |·|·||r| +
·| + + ~-| ·|||·||-|·| |+·| ·|·||-||+ ·| ||·||·| ||··||·| |-|·|| |··| ·|·|·| ·||·|| +
·||·|· ·|||+ ··|· |· ||·|||-|·| ·|·||||· |~|| ·| .|+||·|·| |+¸ ·|¸ :
8. 0 8. 0 8. 0 8. 0 8. 0 ªrr·rrººr ºr·rº·rrº+r + |-r¢ ªr¸-r-rr :
8.1.0 ºr·rº·rrº+r +| ·rr|·r+ ¤r-r ·ra+ (¢»r|¢-r) )) )) :
| |+ .||· |·|+ ·||| ·||-|+ .|··||| ·| |r-| ·| + +| + -| , |+|| | ·||
·||··| ·|·+|· ;|·| ·|||··| ·||, ~·|· 2002-03 ·|+ +| , |||·| + ~|·|
·| + ~|·|| |·|·| -|r| +| ·|, : .||· |·|+ ·||| ·||-|+ .|··||| + ·||· ·| +
·| |||·| ·| ·|·|||||r·| ~| · |-|·|| |··| ·|·|·|·||·|| + ·||·|· .||·||·| ·| ·|··||·+|
+| |||·| + ~|·| ·| + ~|·|| |·|·| +· ·r| r : ·| ·|··||·+| +| |·|·-||
||-| ~|·| ·| +| + ||·| | |||··| ·|· ·| . 4.0 + ~ ·|·| ·| |·¸ ·|¸ r :
º.z.c ªcr+ ¢+ªr-r»rr -r ªr¸-r|+ººr .
·| + + , |+|| ·| ·|·| +| |-|·-||-||·|·| ·|+ ¸+·|| ·|| ·| ·| ||·|, |+·||
·|·|| r :
·| + -| -||·| ` ·|··| + + ·|| + |·|+ ·| -·|||-| ººº.. ·|·||·||·|
~·| |·|| ~|·|·||-|| ·| ·|· ·|| ·||··| ·|·+|· +| ·||·| |+¸ r ·|| ~·| ||·|,
·||·|·| |·| r :
59
The trading of the Bank’s shares commenced on 09.10.2003.
The monthly high/low quotations and volume of the share trading
in The National Stock Exchange of India Ltd. (NSE), Bombay
Stock Exchange Ltd. (BSE) during the financial year 2011-12
were as follows :
8.3.0 Market price data/price performance of Bank’s share : º.º.. ·r+ + ºr·rº + ·rr»rrº- -- ---r¸-·r ¤r+= / / / / / -r¸-·r +| |ª·r|·r .
·| + + ·| ·|·| +| +·|||+·| |·-|| + ·.¨..¨¨¹ +| ·| ¬ r ~|: ||·||·|
|·| .¨. + ·| ·|-| · -| ·|-|-| ·|+ ¸+·|| ·| ~| + , |÷·|| |-|.
,¸-|¸·|, ), ·| ·|, ·|+ ¸+·|| ·| |-|. ,·||¸·|, ) ·| +·|||+·| |+¸ ·|¸
·| ·|·| +| ·|||·|+ ·|;|-|·-| ·||| ~| · ||··||·| |-|·-||-| ·||· ·r| ·
MOVEMENT OF SHARE PRICE VS NIFTY
|-r+c| +| ·r-r-rr -r ºr·rº -r¸-·r +r =·rrº-r«r·r
N
I
F
T
Y
S
H
A
R
E
P
R
I
C
E
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
NIFTY ·r¸+r ·r+ UCO BANK
~
·
|
-
|
·
|
,
·
|
-
|
·
|
-
|
|
,
~
·
|
·
·
|
|
·
|
·
|
·
|
·
~
·
·
|
·
-
|
|
·
|
·
|
·
·
|
·
|
·
·
|
-
|
·
|
·
|
+
·
·
|
·
|
·
|
|
|
º
r
·
r
º
-
r
¸-
·
r
r
l
Ü
x
e
MOVEMENT OF SHARE PRICE VS BANKEX
·r++ªr +| ·r-r-rr -r ºr·rº -r¸-·r +r =·rrº-r«r·r
B
A
N
K
E
X
S
H
A
R
E
P
R
I
C
E
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
º
r
·
r
º
-
r
¸-
·
r
~
·
|
-
|
·
|
,
·
|
-
|
·
|
-
|
|
,
~
·
|
·
·
|
|
·
|
·
|
·
|
·
~
·
·
|
·
-
|
|
·
|
·
|
·
·
|
·
|
·
·
|
-
|
·
|
·
|
+
·
·
|
·
|
·
|
|
|
·
r
+
+
ª
r
·r++ªr Bankex ·r¸+r ·r+ UCO BANK
60
·||r / Month ·| ·|, ·|+ ¸+·|| ·| / B.S.E -| ·|-|-| ·|+ ¸+·|| ·| / N.S.E
·| (`.) |-|·-| (`.) ||··||| ·| (`.) |-|·-| (`.) ||··|||
High(`.) Low(`.) Volume High(`.) Low(`.) Volume
~·| -|/Apr-11 121.85 103.60 10030063 120.15 104.45 58100397
·|,May-11 105.00 92.30 9817246 100.95 93.50 56586904
·| -|/Jun-11 101.75 86.90 3247819 100.10 87.90 24312433
·| -||,/Jul-11 98.10 84.50 5486174 97.85 84.90 33362628
~·|··|/Aug-11 86.40 62.20 4368244 84.40 64.70 28676844
|·|·| ·|·/Sep-11 75.50 63.25 6220137 73.50 65.35 35666791
~··|·/Oct-11 76.40 60.90 5015801 75.25 61.75 27883496
-|| ·|·/Nov-11 77.40 57.35 7559958 75.10 58.15 36440353
|··| ·|·/Dec-11 65.85 45.25 6947858 64.75 45.55 39823056
·|-||·|/ Jan-12 70.00 44.80 9264970 68.80 47.05 47820866
+·|·|/Feb-12 95.00 67.55 16761574 90.10 71.35 78140664
·|||/Mar-12 90.00 73.70 9956745 87.90 74.50 52640597
The Listing Fees have already been paid to the respective Stock
Exchanges.
8.4.0 iil·i ºi ·iª »i +=i / Per Share Data
-ii-i« = / Parameter 31.03.2011 31.03.2012
~ |+·| ·| -·| ,`) / Face Value (`) 10 10
·||·||· ·||| ,`) / Market Quotation (`) 107 ,¸-|¸·|, ·| ) (at NSE) 79.15 ,¸-|¸·|, ·| ) (at NSE)
·||·| ·| ·|· ~·| -| ,`) / Earning Per Share (`) 14.29 15.02
-||·|| ·| / Dividend (%) 30% 30%
8.5.0 Dematerialisation of the Shares
8.5.1 The equity shares of the Bank are available for trading
compulsorily in Demat form. The Bank has entered into an
agreement with NSDL and CDSL for dematerialisation of shares.
Shareholders can get their shares dematerialised with their
Depository Participants maintaining their account either with
NSDL or CDSL. The ISIN Code for the Bank’s equity share is
INE691A01018. The ISIN Code for Bank’s Preference Shares
i.e. PNCPS is INE691A04012.
The Annual Custodial Fees (2011-2012) for the securities have
been paid to NSDL and CDSL respectively.
8.5.2 Particulars of share in physical form & Demat held by
Shareholders as on 31
st
March, 2012
|||·| ·| ·|··||·+| +| ·| ··|| ·| ·|·| +| ·| ··|| ·| ·|· +| + -| ·| ··|| + ·||·|·|·| + ¬·| ·|
Particulars No. of Shareholders No. of Shares As % to Total No. of Shares
·|·| / Physical 81024 49834315 23.26
¸-|¸·|÷|¸-| / NSDL 193553 164588482 55.57
·||÷|¸·|¸-| / CDSL 73756 450289443 21.17
·rr ·r / Total : 348333 664712240 100.00
·| ·| |·|·| ·|+ ¸+·|| ·|| +| ·| ||+··| ·| -+ +| ·| ·|·||-| +· |··|| ·|·||
r :
8.5.0 ºi ·iªi +i »-i¸ ·ii+ªºi
8.5.1 ·| + + , |+|| ·| ·|· ~|-|||·| ¬ ·| ·| ÷|·| ¬ ·| ·| +·|-||+·|
|+¸ ·||-| r ·| ··|-|··| r : ·| ·|·| + ~·| ·||+·| + |-|¸ ·| + -| ¸-|¸·|÷|¸-|;
·||÷|¸·|¸-| + ·||·| +·|· |+·|| r : ·| ·|··||·+ ¸-|¸·|÷|¸-| ·|| ·||÷|¸·|¸-|
·| ·||·|| ··|-| ||-| |-|-| ·||·||· ·|r·|||·|·|| + ·||·| ~|-| ·| ·|·| +| ~·| ·||+·|
+·|| ·|+·| r : ·| + + , |+|| ·| ·|·| +| ~|, ¸·|~|, ¸-| + ~|, ¸-|, 691¸
01018 r : ·| + + ~|·|·||-|| ·| ·|· ·||-|| ·||¸-|·||·||¸·| +| ~|, ¸·|~|, ¸-|
+ ~|, ¸-|, ö·¸¨4¨. r :
·||·|·| |·|·|| + |-|¸ |||·| + ~|·|·-|| ·| -+ (2011-2012) +| ·| ·|·||-|
|-|-| ·||·||·| , ·||-|| ¸-|¸·|÷|¸-| ¸| ·||÷|¸·|¸-| +| |+·|| ·|| | +| r :
8.5.2 l«-ii + 31-rr-r 2012 +| l=·il·i + »-i =iiª ºi ·iª·iiª+i øiªi
-i¸ ·i ¢·i »-i¸ ·i = ·i -i ·iilª·i ºi ·iªi +i l·i·iªºi :
61
8.5.3 The Bank is functioning as a Depository Participant (D.P)
of National Securities Depository Ltd. (NSDL) through D.N. Road
Branch, Mumbai. The D.P. Services have since been extended
to cover wide range of customers through select branches namely,
India Exchange Place Branch, Kolkata, Ashram Road Branch,
Ahmedabad, Parliament Street Branch, New Delhi and KG Road
Branch, Bangalore, Chennai (Main) Branch and Banjara Hills
Branch, Hyderabad.
8.5.4 The Bank has not issued any GDRs/ADRs/Warrants or
any convertible instruments during the period under review.
8.6.0 Corporate Benefits/Dividend History
|·| ·· ,%) ·||·| ·| ·|· (`.) ·|··|;· ·| + -| ·||·| (`.·|)
Years Rate (%) Per Share (`.) Total Amount Paid/Payable (in `.)
2003-04 8 0.80 63,94,88,000
2004-05 10 1.00 79,93,60,000
2005-06 - - -
2006-07
,~ ·||··| ¸| ~ |·|·|) / (interim & final) 10 1.00 79,93,60,000
2007-08 10 1.00 79,93,60,000
2008-09 10 1.00 34,93,60,000
2009-10 15 1.50 82,40,49,405
2010-11 30 3.00 1,88,25,52,437
8.6.1 Transfer of Unpaid/Unclaimed Dividend amount to Investor
Education and Protection Fund (IEPF)
The Banki ng Compani es (Acqui si ti on and Transfer of
Undertaki ng) Act 2006 and Fi nanci al Insti tuti on Laws
(Amendment) Act 2006 which came into effect from 17
th
October
2006 provide that any dividend declared by the Bank before the
commencement of Act and to be declared in future and remaining
unpaid/unclaimed within a period of six months should be
transferred to Unclaimed Dividend Account. The Act also provides
that the dividend so transferred to Unclaimed Dividend Account
and remaining unpaid for seven years from the date of such
transfer shall be transferred to Investors Education & Protection
Fund established under sub-section (1) of Section 205C of the
Companies Act 1956.
Accordingly, the unpaid dividends for the year 2003-04,
2004-05, 2006-07, 2007-08, 2008-09, 2009-10 and 2010-11 have
already been transferred to “Unclaimed Dividend Account – UCO
Bank” maintained with UCO Bank, Banjara Hills, Hyderabad
Branch.
º:º ·| + ~|-|| ÷|.¸-|.·| ÷ ·||·||, ·| ·|, + ·||·¸ ·|· |·| .||·|·| |·|
|-|-| ||·||· |-||·| ÷ ,¸-|¸·|÷|¸-|) + |-|-| ||·||· ·|r·||·|| ,÷|.||.) +
¬ | ·| +|·| +· ·r| r : ÷|.||. ·| || |-|·-||-||·|·| ·r ~|·||·· ·||·||~|
·|·||, |÷·|| ¸+·|| ·| -| ·| ·||·||, +| -|+|·||, ~|·|·| ·| ÷ ·||·||, ~r·|·|·||·,
·| ·|· ·||·| ·||·||, -|, |·--||, + .·||. ·| ÷ ·||·||, ·| ·|-| ·, | --| ,·| ··|)
·||·||, | --| ·|·|| ·| ·||·| |r-·| ·||·||, r ··|·||· ·| ·|-|··| +·|, ·|, r
|·|·|·| ~|·|+||·|+ ·||r+ ··|+| -||·| ·| ·|+ :
º:« ·| + -| ·|·||-||·||-| ~||·| + ·| ·|-| +| , ·||÷|~|·;¸÷|~|·;||·
·|| +| , ||·|·| -||·| |-|·|·| ·||·| -|r| +| r :
8.6.0 +i·ii ª c -ii-i / -ii-ii ºi ·iª ·iªi
8.6.1 |-r·r ºr+·rr |ºr=rr v·r =r º=rr |-r|·r (¤r; ; ·r|v+) -r ¤<-r;<r·rr
º|r·r =rr-rr ºr ºr|ºr +r ¤ ·rººr
·| ++|·| + |-|| ,·|+·|| +| ~·| -| ~| · ~ ·|··|) ~|·||-|·|·|, .¨¨ö ¸|
¯ ~· ·|·, .¨¨ö ·| .|·|||| ||·||·| ·| ··||-| |||·| ,·| ·|| ·|-|) ~|·||-|·|·|
.¨¨ö ·| ·|r ·|·| |·|·| r |+ ·· ~|·||-|·|·| + .||· ·| r| -| ·| |r-| ·| +
;|·| ·|| |·|·| ·|| ·|||··| ·| ·|| |·|·| |+¸ ·||-| ||-| ~| · ·r ·|r|-| +| ~||·|
+ ·||·|· ~··|;·|||·|r·| ·r-| ||-| |+·|| ·|| -||·|| ·| +| ·|||·|r·|
-||·|| ·| ·||·| ·| ~ ·||··| +· |··|| ·||¸: ·· ~|·||-|·|·| ·| ·|r ·||
·|·| |·|·| r |+ ·|||·|r·| -||·|| ·| ·||·| ·| ,·| .|+|· ~ ·||··| ~| · ¸ ·|
~ ·|··| +| ·||·|·| ·| ·||·| |·| ·|+ ~··| ·r-| ||-| -||·|| ·| +| + ·|-||
~|·||-|·|·|, ·¯ö +| ·||·| .¨¯ ·| +| ·|·||·| ,) + ~·||-| ··||||·|
|-|| ·|+ |·|-|| ¸| ·| ·-|| |-||·| ·| ~ ·||··| +· |··|| ·||¸:
·|·-| ·||· |·| .¨¨¹¨4, .¨¨4¨¯, .¨¨ö¨¯ ,.¨¨¯¨-, .¨¨-
¨·, .¨¨·.¨¨ ·| +| ~··| -||·|| ·|, ·| ·||·| |r-·|,
r ··|·||· ·||·|| ·| ··| ·|¸ “·|||·|r·| -||·|| ·| ·||·|| ·| +| ·| +’’ ·|
~ ·||··| +· |··|| ·|·|| r :
62
The details of such unpaid dividend as on 31
st
March, 2012 are
as under :
|·| ~··| -||·|| ·| ||· +| ·| ··|| ·||·| (`.)
Year No. of Dividend Warrants Unpaid Amounts (`.)
2003-04 29930 4026298
2004-05 29471 5164642
2006-07 40061 6777532
2007-08 51983 8391246
2008-09 54631 8865069
2009-10 49490 11486079
2010-11 51504 23984532
8.7.0 Share Transfer System & Redressal of Investor’s
Grievances :
The Bank takes every care to ensure that all valid requests for
Transfer of Shares are duly complied within the period of one
month from the date of lodgement of the completed forms. The
Board of Directors has constituted the Share Transfer Committee
to consider Transfer/Transmission and requests for issuance of
duplicate Shares. The Bank has also constituted Shareholder’s
Grievance Redressal Committee to review the status of redressal
of Shareholder’s grievances and related matters. The status of
Shareholder’ Complaints as on 31.03.2012 is as under:
1. ~·| -|. +| |··||·| + ~·| ·||· -| |·|·| |·|+|·|·|
Pending complaints as on 1
st
April, 2011 01
2. ºº +| ·|·||··| |·| + ·| ·|·| ·| |··| |·|+|·|·|
Complaints received during the year ended on 31.03.2012 2674
3. ºº +| ·|·||··| |·| + ·| ·|·| |·|·||· ·|· |·|+|·|·|
Complaints disposed off during the year ended on 31.03.2012 2675
4. ºº| +| |··||·| + ~·| ·||· -| |·|·| |·|+|·|·|
Complaints pending as on 31.03.2012 ·| ··| / Nil
8.8.0 Registrars and Share Transfer Agent :
M/s. Karvy Computershare Pvt. Ltd., Hyderabad has been
appointed by the Bank as its Registrars and Share Transfer Agent.
All communications regarding change of address, change of
mandate, transfer of shares etc. may be addressed to them in
their following address:
M/s. Karvy Computershare Private Ltd.
(Unit : UCO Bank)
Plot Nos. 17 to 24 Vittal Rao Nagar
Madhapur, Hyderabad – 500 081
Telephone No. (040)23420815 to 0824, Ext- 14.
Fax No. (040)23420814
E.Mail ID : [email protected]
Website www.karvycomputershare.com
|·-|| + ¹ ·||| , .¨. +| |··||·| + ~-| ·||· ~··| -||·|| ·| +| |||··|
|-|·-||-| ·||· r ·
8.7.0 ºi ·iª » ·iªºi iiºii-i| ¢·i l-i·i ºi+i +| lºi+i·i·ii +i l-i·iiªºi
·| + ·|r ·| |-||·|·| +·-| + |-|¸ r· ·|·r +| ·|||·||-|| ·|··|·|| r |+
·| ·|·| + ~ ·|··| + |-|¸ ·|·|| | ·| ~-| ··|| +| |-|||-| | ·| ¬ | ·| ·|·
+|·|| + ·|·|| |+¸ ·||-| +| ·||·|·| ·| ¸+ ·||r + ·||·|· |||·||·| +·
|··|| ·||¸: |-|· ·|+ ·| ÷-| -| ·| ·|·| + ~ ·|··|;.| ·|·| ¸| ÷ |-|+ ·| ·|·
·||·| +·-| + ~-| ·| ·| |· ||||· +·-| + |-|¸ ·| ·|· ~ ·|··| ·||·||·| +|
·|-| |+·|| r : ·| + -| ·| ·|··||·+| +| |·|+|·|·|| ¸| ·-|·| ·| ·| |·|·|
·||·|-|| +| |··||·| +| ·|·||-|| +·-| + |-|¸ ·| ·|··||·+ |·|+|·|·| |-|||··|
·||·||·| +| ·|| ·|-| |+·|| r : |·-|| + ¹.¨¹..¨. +| |··||·| +
~-| ·||· ·| ·|··||·+| +| |·|+|·|·|| +| |||··| |-|·-||-| ·||· r
8.8.0 ªl=i=c iª »i ª ºi ·iª » ·iªºi ¢=i c :
·| + ;|·| ·| ·|·| +||| + ·| · ·| ·|· .||.|-|., r ··|·||· +| ~|-|| ·|·|· |·
~| · ·| ·|· ~ ·|··| ¸·| |-|·| · |+·|| ·|·|| r : |·| ·| ||·|·| -|, ~|·|· ·| ·|
||·|·| -|, ·| ·|·| + ~ ·|··| ~||· ·| ·| ·| |·|·| ·|·|| |~||||· ·-|·| ·-|+
|-|·-||-||·|·| |·| |· |+¸ ·||¸ ·
·| ·|·| +||| + ·| ··| ·|· .||.|-|.
,,+|, · ·| +| ·| +)
·|-|| -|. 17 ·| 24, ||,-|·|| -|·|·
·||·||·|·, r ··|·||· - 500 081
-||+| -| ·|. (040) 2342 0815 ·| 0824 ·|+, ¸+·| ·|-| - 14
+ +·| ·|. (040) 23420814
, .-·| -| ~|, ÷| : [email protected]
| ·|·||, www.karvycomputershare.com
63
9.0 Shareholding Pattern As on 31.03.2012
ºi ·iª·iiª+i +| ·i ºi| ·iiª+i +| =i ·iilª·i ºi ·iªi +| =i =·ii ; l+·ic| +i%
Category of Shareholders No. of holders No. of shares held % of equity
~/A. .||·| +; .||·| + ·|·| rþ/ Promoter/Promoter Group
·||··| ·|·+|· / Govt. of India 1 433336366 65.19
~|;B. ·|||·||-|+ ·|·|··|||··|| / B. Public Shareholding
1. =r =·rrv / Institutions
+;a. ··| | ~-| + ÷ / Mutual Funds 12 2617132 0.39
·|;b. ||·||·| ·| ··||¸ ;·| + / Financial Institutions/Banks 18 1267940 0.19
·|;c. ·||·|| +||-|·|| / Insurance Companies 17 93696759 14.10
·|;d. ||· ·|| ·| ··||·|·| |-|| ·|+ / Foreign Institutional Investors 77 23074512 3.47
2. ·r º=r =·rrv / Non-Institutions
+;a. +||| · |-|+|·| / Bodies Corporate 2102 21930515 3.30
·|;b. | ·||·+ ·|||··|| / Individuals holding
i. -||·| ` ·|+ ·|| + |·|+ ·| ·|· | ·||
Nominal share capital upto `1 lac 343944 74168007 11.17
ii. -||·| ` ·| ~|·|+ ·|| + |·|+ ·| ·|· | ·||
Nominal share capital above ` 1 lac 284 10840929 1.63
·|;c. -·||·| / Trust 20 483770 0.07
·|;d. ·|·||·|| ·|-| ·|···| / Clearing Members 249 1145349 0.17
÷;e. ~|-|||·|| ·||··||·| / Non-Resident Indians 1599 2150961 0.32
·rr ·r/ TOTAL 348333 664712240 100.00
9.1 Distribution of Shareholding as on 31.3.2012
·| || ,·||·| `. ·| ) ·| ·|··||·+| +| ·| . + -| ·| ·|··||·+| +| % + -| ·| ·|·| +| ·| . + -| ·| ·|·| +| %
Category No. of Share % to the total No. of Total % to the total
(Amt. in `.) Holders Shareholders Shares Shares
·| / From ·|+ / To
1 5000 324306 93.10 435767150 6,55
5001 10000 13887 3.99 112789980 1.70
10001 20000 5971 1.70 90172360 1.36
20001 30000 1559 0.45 40068200 0.60
30001 40000 730 0.21 26126910 0.39
40001 50000 482 0.14 23114150 0.35
50001 100000 753 0.22 54994220 0.83
100001 ·| ~|·|+;And above 645 0.19 5864089430 88.22
·rr ·r/ TOTAL 348333 100.00 6647122400 100.00
9.0 |·-|| + 31.03.2012 +| |··||·| + ~-| ·||· ·| ·|··|||··|| +| ·|¬ ·|:
9.1 l«-ii + 31.3.2012 +| l=·il·i + »-i =iiª ºi ·iª·iilª·ii +i l·i·iªºi:
10.0 Address for correspondence with Bank :
For any assistance regarding dematerialisation of shares, transfer
of shares, change of address, non-receipt of dividend, issuance
of duplicate share certificates etc., the investors can mail their
request/complaint to the Bank in the following address :
Telephone No. 44557227
Fax No. (033) 2248-5625
E.Mail Address :
[email protected]
Website : www.ucobank.com
10.0 ·i + + =ii·i ·i>ii-iiª +i ·i·ii :
·| ·|·| + ~·| ·||+·|, ·| ·|·| + ~ ·|·|, ·|·| ·| ·||·|·| -|, -||·|| ·| ·||··| -|
r| -| , ÷ |·-|+ ·| ·|· ·|·|||·|~| ·||·| |+¸ ·||-| ~||· ·| ·| ·| |·|·| |+·||
·|+|· +| ·|r|·|·|| + |-|¸ |-|| ·|+ ~·|-|| ~-| ·| ·|;|·|+|·|·| ·| + + ·||·|
|-|·-||-||·|·| ·|·| ·|· ·| ·| ·|+·| r ·
·|| ··|·| ·| | -·||
+ ·|-|| ·||||
·| +| ·| + : ·|·||-| +|·|| -|·|
||·| ||·||·|
. , |÷·|| ¸+·|| ·| ·-| ·|,
·||·|·| ·|-|, +| -|+|·||-700 001
-||+| -| ·| 44557227
+ +·| ·|. (033) 2248-5625
,-·| -| ·|·|| :
[email protected]
| ·|·||, : www.ucobank.com
Shri N Purna Chandra Rao
Company Secretary
UCO Bank : Head Office
Finance Department
2, India Exchange Place,
3
rd
Floor, Kolkata – 700 001
64
»i·iiª ªi lr·ii + »-i ·ii-i-ii·i ·ii ·iºii
DECLARATION ON COMPLIANCE WITH CODE OF CONDUCT
·| + ·| |·|· ·|+ ·| ÷-| + ·|·|| ·|···|| ·| ·| + + ·||| | ·| ·| ·|·| ~| + |-|· ~|||· ·| |r·|| |·|·|| |··| +| r ·| ·|r ·| + +| | ·|·||, ·|· ··|-|··| r
|·|· ·|+ ·| ÷-| + ·|···|| ·| +| · ·| ·| ·|·| ·| |··|| + ºº +| |··||·| + ~·| ·||· ~|||· ·| |r·|| + ~·| ·||-|·| +| ·| |· +| r
The Bank has laid down a Code of Conduct for all the Board members and Core Management of the Bank and which is posted on the
website of the Bank. The Board members and Core Management have affirmed compliance with the Code of Conduct as on 31.03.2012
For UCO Bank
(Arun Kaul)
Chairman & Managing Director
10.1 Exclusive e-mail ID for Investors’ Complaints :
In compliance with the SEBI guidelines, a dedicated e-mail
ID has been created for any complaints by the Investors/
Shareholders regarding UCO Bank Equity Shares/Payment
of Dividends etc. Any complaint by the Investors shall
be responded expeditiously along with necessary action
taken by the Compl i ance Offi cer. The e-mai l ID i s:
[email protected]. The e-mail ID is also been
posted in the website of the Bank.
11.0 Auditors Report on Corporate Governance
As required under Clause 49 of the Listing Agreement with the
Stock Exchanges, the Audit Certificate on Corporate Governance
for year 2011-12 issued by the Statutory Central Auditors is
submitted to the Board of Directors and the same is part & parcel
of the Corporate Governance Report 2011-12. (Anneuxre - 1)
12.0 CEO & CFO CERTIFICATE
The Certificate of CEO & CFO under Clause 49 of the Listing
Agreement is submitted to the Board of Directors and the same
is part & parcel of the Corporate Governance Report 2011-12.
(Anneuxre - 2)
For and on behalf of the Board of Directors
(Arun Kaul)
Chairman & Managing Director
10.1 l-i·i ºi+i +| lºi+i·i·i + l-i¢ l·iºi ·i ; - -- ---i -i »i; =| :
·||··||·| .||·|·| |·| ~| · |||-|·|·| ·|| ÷ + ·||·| ··|| |·|,| ·|| + ~-| ||-|-| ·|
·| +| ·| + , |+|| ·| ·|·;-||·|| ·| + ·| ·|·||-| ~||· + ·| ·| ·| ·| |-|| ·|+| ;
·| ·|··||·+| +| |+·|| |·|+|·|·| + |-|¸ ¸+ |||·|· , ·| -| ~|, ÷| ·| ·||·
|+·|| ·|·|| r : |-|| ·|+| +| |+·|| ·|| |·|+|·|·| +| ·|-· ·| ·|-· ··|·
|·¸ ·||-| + ·||·| r| ~-| ||-|-| ~|·|+|·| ;|·| ~||··|+ +|· ||, +|
·||¸·||: |||·|· , ·| -| ~|, ÷| |-|·-||-| ·||· r ·
[email protected] , -·| -| ~|, ÷| ·| + + | ·|·||, ·| ·||
··| |+·|| ·|·|| r :
11.0 +i·ii ª c »l-iºii=i-i ·iª -i =ii·iª|=i+i +| lª·ii c
· |+ ¸+·|| ·|| + ·||·| ·| ||+·| +·|· + ·| ÷ 49 + ~·||-| ·|·||·| |-|·|
·|| |||·|+ + --|·| -| ·||·|·|-|+| ;|·| |·| 2011-12 + |-|¸ +|·|| ·
~|·|·||·|-| ·|· -| ·||·|·||-|·| ·|·|||·|~| |·|· ·|+ ·| ÷-| +| ·| ··| ·| |+·||
·|·|| r ~| · ·|r +|·|| · ~|·|·||·|-| |··|| 2011-12 +| ~|·|·| ~ ·| r :
,~-| -|·-|+-1)
12.0 =i|; »i ¢·i =i|¢+»i +i ii-iiºi·i>i
·| ||+··| +·|· + ·| ÷ 4· + ~·||-| ·||, ~| ¸| ·||¸+~| +| .|·||·||~|
|-|· ·|+ ·| ÷-| + ·|·|-| .|··| ·| |+·|| ·||·|| r ~| · ·|r +||| · ~|·|·||·|-|
|·|| .¨. +| ~|·|·| ~ ·| r : ,~-| -|·-|+-2)
|-|· ·|+ ·| ÷-| + |-|¸ ~| · ··|+| ~| · ·|
(»=ºi +i -i)
~··|-| ¸| ·|·| ·| |-|· ·|+
+ ·| ·| +| ·| +
(»=ºi +i -i)
~··|-| ¸| ·|·| ·| |-|· ·|+
··||-| / Place: +| -|+|·|| / Kolkata
·||·|·| / Dated: 05
th
·|,/ May, 2012
65
~-| -|·-|+-I
+i·ii ª c »l-iºii=i-i =i =i ·i l·i·i -i =ii·iª|=i+ +i ii-iiºi·i>i
|-|· ·|+ ·| ÷-|,
·| +| ·| +,
·|·||-| +|·|| -|·|,
10, ||.~|.·|. ·|·||
+| -|+|·||-700001
r·|-| |||·|--| ·|+ ¸+·|| ·|| + ·||·| |+¸ ·|¸ ·| ||+·| +·|· + ·| ÷ 49 ·| ·|·|||||-||· · 31 ·|||, 2012 +| ·|·||··| |·| + |-|¸ ·| +| ·| + ;|·|
+|·|| · ~|·|·||·|-| +| ·|·|| + ~-| ·||-|-| +| ·|| | +| r :
+|·|| · ~|·|·||·|-| +| ·|·|| + ~-| ·||-|-| +| |·|··| ·|·| ·|·| ·|-| +| r : r·||·| ·|| | +|·|| · ~|·|·||·|-| +| ·|·|| +| ~-| ·||-|-| ·| |-||·|·| +·-| r ·| ·| +
;|·| ~·|-||, ·|, |+·|||||·| ~| · ··|+ +|·|| -|·|-| ·|+ r| ·|||·|·| ·r|: ·|r -| ·|| -| ·||·|·|-|| ~| · -| r| ·| + + ||·||·| |||·| + ·||· ·| ·|·| +|
~|·|·||· r :
·| + ;|·| ·|||··| ~|·|-| ·|| ~| · ···||| ·|| + ·||· ·| r·||·| ·|·||-|| ·|·|| r·| ·| ·|, ·| |-|| ¸| ··|·|+·| + ~|·||· ·|· r·||·| ·|·| ·| ·|·|| r·||·|
·||| ·|·| ·||-|+|·| + ~|·||· ·|· ~| · r·| |·¸ ·|¸ ··|·|+·| + ~-| ·||· r·| ·|r ·|·||||·| +··| r |+ ·| + -| ··|·| · ·| ||+·| +·|· ·| ·|·|||||-||· ·
+|·|| · ~|·|·||·|-| +| ·|·|| +| ~-| ·||-|-| ··| r· ·|+ |+·|| r |+ | ·||.|·.·| + + |··|||-|· ·|| +| ~|·|+·|| -|r| +··| r :
r·| ·|r +|·|·| +··| r |+ ·| ·|··||·+/|-|| ·|+ |·|+|·|·| ·||·||·| ;|·| ·|||··| ~|·|-| ·|| + ~-| ·||· ··|·|| ·| -·||·||-|·| ·| -| |·|·| º ·||·|-|| + ~|·||··
|·-|| + º ·||| , +| |··||·| + ~-| ·||· ·| + + ||·, +| , ·|| |-|| ·|+ |·|+|·|·| ¸+ ·||r ·| ~|·|+ ·|·|·| ·| -| |·|·| -|r| r :
r·| ~|·| ·|r ·|| +|·|·| +··| r |+ ·|r ~-| ·||-|-| ·| + + +|·| ·| ·||·-| ·| ·|·| ·|-| +| ·-|·|| ·|| ·|·||||·|| r·| ·| + +| ·|||| -||·|·|··|| + ·||· ·| +| ,
~|·||·|-| -|r| r :
+ ·| +| |·| ¸ ÷ + ·|-||
·|-|·| -| ·||+|·
·| ·||·|·| ·| ºº,
(·|-|·| -| ·||+|· ·|| ·|·| ·|·|·||)
·||·||·|·
·|···|·|| ·|.15289
+ ·| ·||| ·|| ¸ ÷ +| -|
·|-|·| -| ·||+|·
·| ·||·|·| ·| :ºº«··|
(·|-|·| -| ·||+|· ·||·|·| + ·| )
·||·||·|·
·|···|·|| ·|.090758
+ ·| ··|·||· ··|| |·|· ·|
·|-|·| -| ·||+|·
·| ·||·|·| ·| ººº~,
(·|-|·| -| ·||+|· ¸·|.·| ·|| ·||··||·|)
·||·||·|·
·|···|·|| ·|.11517
+ ·| | · ¸ ÷ + ·|-||
·|-|·| -| ·||+|·
·| ·||·|·| ·| -··|
(·|-|·| -| ·||+|· ·| ·|| ·| ··||)
·||·||·|·
·|···|·|| ·|.098551
+ ·| ·|·|·| ··|| ¸ ÷ ··|| |·|· ·|
·|-|·| -| ·||+|·
·| ·||·|·| ·| ··|
(·|-|·| -| ·||+|· ·|·|| |·|·-|)
·||·||·|·
·|···|·|| ·|. 504111
+ ·| ·| ··|| ·|·|| ¸ ÷ ··|| |·|· ·|
·|-|·| -| ·||+|·
·| ·||·|·| ·| «~~··|
(·|-|·| -| ·||+|· ||-|·| ·|·|+)
·||·||·|·
·|···|·|| ·|. 087262
··||-| : +| -|+|·||
|·-|| + : 5 ·|,, 2012
66
Anneuxre - I
Auditor’s Certificate on Corporate Governance
For Baweja And Kaul
Chartered Accountants
Registration No. 005834N
(CA Samvit K. Gurtoo)
Partner
Membership No. 090758
For Kothari & Co.
Chartered Accountants
Registration No 301178E
(CA Gautam Banerjee)
Partner
Membership No. 15289
For SBA Associates
Chartered Accountants
Registration No. 308136E
(CA S. Mukhopadhyay)
Partner
Membership No. 11517
For Dass Gupta & Associates
Chartered Accountants
Registration No. 000112N
(CA Raaja Jindal)
Partner
Membership No. 504111
For Gupta Sharma & Associates
Chartered Accountants
Registration No. 001466N
(CA Vinay Saraf)
Partner
Membership No. 087262
For Ved And Company
Chartered Accountants
Registration No. 012019N
(CA Pooja Gupta)
Partner
Membership No. 098551
Place: Kolkata
Dated: 05
th
May, 2012
To
The Board of Directors,
UCO Bank
Head Office,
10, B.T. M. Sarani
Kolkata – 700 001
We have examined the compliance of conditions of Corporate Governance by UCO Bank for the year ended 31
st
March, 2012, as
stipulated in clause 49 of the Listing Agreements entered into with various Stock Exchanges.
The compliance of the 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 conditions of Corporate Governance.
It is neither an audit nor an expression of opinion of the Financial Statements of the Bank.
On the basis of our review of records and documents maintained by the Bank and the information and explanations given us, in our
opinion and to the best of our information and according to explanations given to us, we certify that the Bank has complied with the
conditions of Corporate Governance as stipulated in the above mentioned listing agreements to the extent these do not violate RBI
guidelines.
We state that no investor grievance is pending for a period exceeding one month as on 31
st
March, 2012 against the Bank as per the
records maintained by the Shareholders/Investors Grievance Committee.
We further state that such compliance is neither an assurance as to the future viability of the Bank for the efficiency or effectiveness
with which the management has conducted the affairs of the Bank.
67
~-| -|·-|+-II
|-|· ·|+ ·| ÷-|
·| +| ·| +
·|·||-| +|·|| -|·|
+| -|+|·||
l·i·i·i : =ci + ¢+=i-i =i + =ii·i =i¸ -i|+ªºi +ªiª + =i = 4a + =·i- -- --=i = V + »-i ·ii-i-i -i =i|; »i ;=i|¢+»i +i ii-iiºi ·i>i
·|r| ··|,
·· + ~-| ·||-|-| ·| r·| |-|·-| ·|+|· ·| ·|·||||·| +··| r :
+) r·|-| ·| + + |·| + ||·||·| |||·| ·|·|| -|+·| ·|||r |||·| +| ·|·||-|| +| r ~| · r·||·| ·||| ·|·| ·||-|+|·| ¸| ||·||·| +
~-| ·||·
i. ,-| |||·|| ·| +| , ·|||·|+ ~·|··| |||·| ~ ·||| · -|r| r ·|| |+·|| ·|||·|+ ·|··| +| ·| ÷| -|r| ·|·|| r ·|| +| , ·||·|+ |||·|
~ ·||| · -|r| r,
ii. ·| ·| -|| |||·| ·| + + |+·||+-||·|| +| ·|r| ¸| ·||·| ·||·,··| ·|··| ·| +··| r ~| · ·| ||··||-| -| ·|| +-| ·||-|+| (·|| |||·|+ + -|·|
-| ·||·|·|-|+| ,|·| ·| ··| ·| -| ·||·|·|-|| |··|| |··|| + :: ·| ·|·|| ·|--||·|·| ···|- +| ·| ÷ +· ), -||·| |||·|·|| ¸| |||-|·|·||
+ ~-| ·||-|-| ·| r :
·|) r·||·| ·||| ·|·| ·||-|+|·| ¸| ||·||·| + ~-| ·||· |·| 2011-12 + ·| ·|-| ·| + ;|·| ¸ ·|| +| , -| -|· -| -|r| |+·|| ·|·|| r ·|| +·|·| | ,
~|-|·||·|·| r ·|| ·| + +| ~|||· ·| |r·|| +| ~|·|+·|| +··|| r :
·|) r·| ~| ·||·+ |-|·| ~|| ··|||·|·| +·-| ¸| ·|-||¸ ··|-| +| ··|··||·|·| ·||+|· +··| r ·|·|| r·|-| ·| + +| ~| ·||·+ |-|·| ~|| ·|||-|| +|
·|·|||| ··||·+·|| +| ·| -·|| +-| |+·|| r :
·|) r·|-| -| ·||·|·|-|+| +| |-|·-||-||·|·| ·| ~|·|·| +·|·|| r :
i. |·| 2011-12 + ·| ·|-| ~| ·||·+ |-|·| ~|| ·| ·--| ·|-||·| ·||·|·| -|
ii. |·| + ·| ·|-| -| ·|| +-| -|||·|·|| ·| ·--| ·|-||·| ·||·|·| -| ·|·|| ··|+| ·|+|+·| ||·||·| |||·| ·| ·| ·| |·|·| -|| ·| |+·|| ·|·|| r ; ~| ·
iii. r·||·| ·||-|+|·| ·| ~|¸ ·--| ·|-||·| +·| + ·||·|-| ~| · ··|·| ·|·| ·|-| ·|| ·| + +| ~| ·||·+ |-|·| ~|| ·|||-|| ·| ·--| ·|-||·| ·| |·|+|
~·| +·-| ||-| |+·|| +·| ||·| +| ,·||· +| , r| , ~ ·|·| ··|·||:
·||·|·|,
,~··| +| -|)
~··|-| ¸| .|·| ·| |-|· ·|+
,·| ··| +|·| ||-|+ ~|·|+|·|)
,~|· ·| ·||r··|)
·|r|.|·|·|+ ,||·|)
,·| ··| ||·| ~|·|+|·|)
··||-| : +| -|+|·||
|·-|| + · : ·|, .
68
To
The Board of Directors
UCO Bank
Head Office
Kolkata
Sub: CEO/CFO Certification in compliance to Sub Clause V of Clause 49 of the Listing Agreement with Stock Exchange
Sirs,
In compliance to above, we certify as under:
a) We have reviewed the financial statements and cash flow statement of the Bank for the year 2011-12 and to the best of our
knowledge and belief
i. these statements do not contain any materially untrue statement or omit any material fact or contain statement that
might be misleading;
ii. these statements together present a true and fair view of the Bank’s affairs and are in compliance with existing
accounting standards, (except AS-9 as commented by the Statutory Central Auditors, in their Audit Report dated
05.05.2012), applicable laws and regulations.
b) There are to the best of our knowledge and belief no transaction enter into by the Bank during the year 2011-12 which are
fraudulent, irregular or violating of Bank’s Code of Conduct.
c) We accept responsibility for establishing and maintaining internal control and we have evaluated effectiveness of the
internal control systems of the Bank.
d) We have indicated to the auditors :
i. significant changes in internal control during the year 2011-12;
ii. significant changes in accounting policies during the year and the same have been disclosed in the notes to the
financial statements; and
iii. instances of significant fraud which we have become aware and the involvement therein, if any, of the management or
an employee having a significant roles in the Bank’s internal control system.
Anneuxre - II
Yours faithfully,
(Arun Kaul)
Chairman & Managing Director
(Chief Executive Officer)
(R Prabaharan)
General Manager (Finance)
(Chief Financial Officer)
Date : 05
th
May, 2012
69
vq â se YJk =u l=trhgtk »-i ªi¸ ·il 111zu1z 111zu11
+l lª·il·i +l lª·il·i
CAPITAL AND LIABILITIES Schedule As on As on
31.3.2012 31.3.2011
< <
| ·||
Capital 1 2487 71 22 2450 51 75
~|·|-||·|·|| ~| · ~|·|·| ·|
Reserves & Surplus 2 6125 72 11 4968 70 48
|-|-||
Deposits 3 154003 48 97 145277 60 18
··||·
Borrowings 4 12901 42 20 5474 77 38
~-·| · -|·||··|| ~| · ·|||·||-|
Other Liabilities & Provisions 5 4980 05 41 5226 85 53
·ii ·i /TOTAL 180498 39 91 163398 45 32
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000’s omitted)
11 -ii·i , zu1z +l lª·il·i + »-i ªiiª ·i -i-i·i>i
BALANCE SHEET AS ON 31ST MARCH, 2012
+ ·i ·ii·i =ii ¢ = +i -i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 005834¸-|
For Baweja And Kaul
Chartered Accountants
Registration No. 005834N
,·|-|·| -| ·||+|· ·||·|·| Eä ò. MÉÖ ]Ú )
·||·||·|·
·|···|·|| ·|.090758
(CA Samvit K. Gurtoo)
Partner
Membership No. 090758
+ ·i +i aiªl ¢ = + ·i-il
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 301178,
For Kothari & Co.
Chartered Accountants
Registration No 301178E
,·|-|·| -| ·||+|· MÉÉèiÉ¨É ¤ÉxÉVÉÔ)
·||·||·|·
·|···|·|| ·|.15289
(CA Gautam Banerjee)
Partner
Membership No. 15289
+ ·i ¢=i·i|¢ ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 308136,
For SBA Associates
Chartered Accountants
Registration No. 308136E
,·|-|·| -| ·||+|· BºÉ. ¨ÉÖJÉÉä{ÉÉvªÉɪÉ)
·||·||·|·
·|···|·|| ·| .11517
(CA S. Mukhopadhyay)
Partner
Membership No. 11517
+ ·i «i=i ·i ··ii ¢ = ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 000112¸-|
For Dass Gupta & Associates
Chartered Accountants
Registration No. 000112N
,·|-|·| -| ·||+|· ®ÉVÉÉ ËVÉn±É)
·||·||·|·
·|···|·|| ·|.504111
(CA Raaja Jindal)
Partner
Membership No. 504111
+ ·i ·i ··ii ºi-ii ¢ = ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 001466¸-|
For Gupta Sharma & Associates
Chartered Accountants
Registration No. 001466N
,·|-|·| -| ·||+|· Ê´ÉxÉªÉ ºÉ®É¡ò)
·||·||·|·
·|···|·|| ·|.087262
(CA Vinay Saraf)
Partner
Membership No. 087262
+ ·i ·i « ¢ = + ·i-i|
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 012019¸-|
For Ved And Company
Chartered Accountants
Registration No. 012019N
,·|-|·| -| ·||+|· {ÉÚ VÉÉ MÉÖ {iÉÉ)
·||·||·|·
·|···|·|| ·|.098551
(CA Pooja Gupta)
Partner
Membership No. 098551
Kolkata, the 5th May, 2012
+| -|+|·||, 05 ¨É<Ç, 2012
70
11 -ii·i , zu1z +l lª·il·i + »-i ªiiª ·i -i-i·i>i (sthe)
BALANCE SHEET AS ON 31ST MARCH, 2012 (CONTD.)
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000’s omitted)
»ilª·i·ii »-i ªi¸ ·il 111zu1z 111zu11
+l lª·il·i +l lª·il·i
ASSETS Schedule As on As on
31.3.2012 31.3.2011
< <
»ilª·i·ii / ASSETS
-|+·| ~| · ·||··||·| |··|| ·| + ·| ~|·|·| ·|
Cash and Balances with Reserve Bank of India 6 7811 52 92 10404 02 62
·| + ·| ~|·|·| ·| ~| · ·|| ·| ¸| ~-| ·| |-|| |· ·|.· · ·||·
Balances with Banks and Money at Call and Short Notice 7 5792 15 54 6576 40 56
|-|| ·|
Investments 8 45771 49 52 42927 28 29
~|·|·|
Advances 9 115540 01 02 99070 81 36
|··|· ~||··|·||
Fixed Assets 10 801 54 98 738 87 15
~-·| ~||··|·||
Other Assets 11 4781 65 93 3681 05 34
·ii·i / TOTAL 180498 39 91 163398 45 32
~|+|··|+ · ·|||·
Contingent Liabilities 12 48527 21 93 51371 14 11
Bills for Collection ; ·|·||r··| + |-|¸ |·|-| - 3547 47 43 2641 01 40
·| ||·| ·||-|
|-|· ·|+
PRAVIN RAWAL
Director
·|-.| ·-| · +·
|-|· ·|+
SMT. UMA SHANKAR
Director
~··· +| -|
~··|-| ¸| .|·| ·| |-|· ·|+
ARUN KAUL
Chairman & Managing Director
¸·.¸-|.- ||··
|-|· ·|+
S.L. MORRIS
Director
--| ¬ + -|· · -.|
|-|· ·|+
MANOJ KUMAR GUPTA
Director
~|·. ¸. ·-|
|-|· ·|+
R. A. SHARMA
Director
¸·. ·-·· ··-
+|·| ||-|+ |-|· ·|+
S. CHANDRASEKHARAN
Executive Director
¸-. ~|·. ··|-|·|··-
+|·| ||-|+ |-|· ·|+
N.R.BADRINARAYANAN
Executive Director
~|·. ·-|-··
--|·· -+
R. PRABAHARAN
General Manager
·|. ¬|. ¬| ·|
·· --|·· -+
P. G. JOSHI
Deputy General Manager
71
11 -ii·i , zu1z +i ªi-ii··i ·i·i + l-i¢ -ii-i »i ª ril-i -i =ii
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2012
»-i ªi¸ ·il 111zu1z 111zu11
+i ªi-ii··i ·i·i +i ªi-ii··i ·i·i
Schedule Year Ended Year Ended
31.3.2012 31.3.2011
< <
I. »i·i /INCOME
~|·|·| ··||·| /Interest Earned 13 14632 37 15 11370 80 24
~-·| ~|·| /Other Income 14 965 55 51 925 41 35
·ii ·i / TOTAL 15597 92 66 12296 21 59
II. ··i·i /EXPENDITURE
·|·| |+·|| ·|·|| ··||·| ;Interest Expended 15 10730 27 03 7525 88 58
·|··|-|- ·· /Operating Expenses 16 2056 23 48 2075 36 67
·| ||·||-| ~| · ~|+|··|+ ·|·| /Provisions & Contingencies 1702 74 77 1788 42 30
·ii ·i / TOTAL 14489 25 28 11389 67 55
III. -ii-i/ril-i / PROFIT / LOSS
|·| +| |-||-| -||·|/,r||-|) / Net Profit/(Loss) for the Year 1108 67 38 906 54 04
~·| |-||| -||·|/,r||-|, / Profit/(Loss) Brought Forward 1685 17 03 1348 98 04
·ii ·i / TOTAL 2793 84 41 2255 52 08
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000’s omitted)
Kolkata, the 5th May, 2012
+| -|+|·||, 05 ¨É<Ç, 2012
+ ·i ·ii·i =ii ¢ = +i -i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 005834¸-|
For Baweja And Kaul
Chartered Accountants
Registration No. 005834N
,·|-|·| -| ·||+|· ·||·|·| Eä ò. MÉÖ ]Ú)
·||·||·|·
·|···|·|| ·|.090758
(CA Samvit K. Gurtoo)
Partner
Membership No. 090758
+ ·i +i aiªl ¢ = + ·i-il
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 301178,
For Kothari & Co.
Chartered Accountants
Registration No 301178E
,·|-|·| -| ·||+|· MÉÉèiÉ¨É ¤ÉxÉVÉÔ)
·||·||·|·
·|···|·|| ·|.15289
(CA Gautam Banerjee)
Partner
Membership No. 15289
+ ·i ¢=i·i|¢ ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 308136,
For SBA Associates
Chartered Accountants
Registration No. 308136E
,·|-|·| -| ·||+|· BºÉ. ¨ÉÖJÉÉä{ÉÉvªÉɪÉ)
·||·||·|·
·|···|·|| ·| .11517
(CA S. Mukhopadhyay)
Partner
Membership No. 11517
+ ·i «i=i ·i ··ii ¢ = ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 000112¸-|
For Dass Gupta & Associates
Chartered Accountants
Registration No. 000112N
,·|-|·| -| ·||+|· ®ÉVÉÉ ËVÉn±É)
·||·||·|·
·|···|·|| ·|.504111
(CA Raaja Jindal)
Partner
Membership No. 504111
+ ·i ·i ··ii ºi-ii ¢ = ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 001466¸-|
For Gupta Sharma & Associates
Chartered Accountants
Registration No. 001466N
,·|-|·| -| ·||+|· Ê´ÉxÉªÉ ºÉ®É¡ò)
·||·||·|·
·|···|·|| ·|.087262
(CA Vinay Saraf)
Partner
Membership No. 087262
+ ·i ·i « ¢ = + ·i-i|
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 012019¸-|
For Ved And Company
Chartered Accountants
Registration No. 012019N
,·|-|·| -| ·||+|· {ÉÚ VÉÉ MÉÖ {iÉÉ)
·||·||·|·
·|···|·|| ·|.098551
(CA Pooja Gupta)
Partner
Membership No. 098551
72
11 -ii·i , zu1z +i ªi-ii··i ·i·i + l-i¢ -ii-i »i ª ril-i -i =ii (sthe)
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2012 (CONTD.)
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000’s omitted)
IV. rJrlgtusl/ APPROPRIATIONS
·|| |||·|+ ~|·|-||| ·| ~ |··|/Transfer to Statutory Reserves 277 16 85 226 63 51
·| ·|| ~|·|-||| ·| ~ |··|/Transfer to Capital Reserves 7 86 21 4 94 19
·| ·||||| -||·|| ·|/Proposed Dividend 342 19 15 290 52 15
.|··||||·| -||·|| ·| |· +·;Tax on Proposed Dividend 55 51 20 48 25 20
~|·|·| ·| ·|| ~|·| ·| -|-||~| ·| -| ·||·|| ·|·|| r
Balance Carried over to Balance Sheet 2111 11 00 1685 17 03
·ii ·i /TOTAL 2793 84 41 2255 52 08
-i =·i -i =ii -ill·i·ii / Principal Accounting Policies 17
-i =i + ªi ·i ·i -i lc··iºil/ Notes on Accounts 18
·| -| ¸| -·| -||+ ·| , ·| ¸· / Basic & Diluted EPS <15.02 <14.29
r·||·| ·|·||·-|| |+·| |·|| + ~-| ·||·
~-| ·| || ·| - -| ·| + ~|·|·| ~ ·| r
The Schedules 1 to 18 form an integral part of the accounts
as per our Report of even date
»-i ªi¸ ·il 111zu1z 111zu11
+i ªi-ii··i ·i·i +i ªi-ii··i ·i·i
Schedule Year Ended Year Ended
31.3.2012 31.3.2011
< <
·| ||·| ·||-|
|-|· ·|+
PRAVIN RAWAL
Director
·|-.| ·-| · +·
|-|· ·|+
SMT. UMA SHANKAR
Director
~··· +| -|
~··|-| ¸| .|·| ·| |-|· ·|+
ARUN KAUL
Chairman & Managing Director
¸·.¸-|.- ||··
|-|· ·|+
S.L. MORRIS
Director
--| ¬ + -|· · -.|
|-|· ·|+
MANOJ KUMAR GUPTA
Director
~|·. ¸. ·-|
|-|· ·|+
R. A. SHARMA
Director
¸·. ·-·· ··-
+|·| ||-|+ |-|· ·|+
S. CHANDRASEKHARAN
Executive Director
¸-. ~|·. ··|-|·|··-
+|·| ||-|+ |-|· ·|+
N.R.BADRINARAYANAN
Executive Director
~|·. ·-|-··
--|·· -+
R. PRABAHARAN
General Manager
·|. ¬|. ¬| ·|
·· --|·· -+
P. G. JOSHI
Deputy General Manager
73
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< < < <
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
¤-r =r¸ -r| 1 ·r¸ ¤r|
Schedule 1 — CAPITAL
·rr|·r+ ·r ·r¸ ¤r| Authorised Capital
. ··. + < ìº- + :,..,..,... : |+·.·| -. ·.·
75,00,00,000 Equity Shares of < 10/- each 750 00 00 750 00 00
225,000 ·| ·||·||·| ~·| |·||
225,000 Perpetual Non-Cumulative
.|··| + ,..,.../ < + ~|·|·||-|| ·| ·|·
Preference Shares of < 1,00,000/- each 2250 00 00 3000 00 00 2250 00 00 3000 00 00
|-r·r |-r·r, ¤|-r«-r ·r ir«-r ·r¸ ¤r|
Subscribed, Issued and Paid up Capital
·|·| + < ìº- + ··.+:.ì...+º (·..:·.ì:.+:º) , |+|·| ·| ·|·
66,47,12,240 (62,75,17,479 ) Equity Shares of < 10/- each 664 71 22 627 51 75
(+ -- ·|·+|· ;|·| ·|||··| 4¹,¹¹,¹ö,¹öö
,4.,¯¯,¯,4¯·) ·| ·|· ,·|·| ·|||·|-| r ¦
[includes 43,33,36,366 (42,75,17,479) shares
held by Central Govt.]
~|·|·||-|| ·| ·|· ?Àgu fU < 1,00,000 fu U ,ºº,º.. (,ºº,º..)
Ju rbgt=e ymk·|ge ,+ -- ·|·+|· ;|·| ·|||··|)
1,82,300 (1,82,300) Perpetual
Non-Cumulative Preference Shares
of< 1,00,000/- each 1823 00 00 2487 71 22 1823 00 00 2450 51 75
(Entirely Held by Central Govt.)
·rr ·r /TOTAL 2487 71 22 2450 51 75
74
I. =rr |·r|·r+ ¤rº|=r|·r·rr Statutory Reserves:
~·|·| ·|Opening Balance 1170 76 32 944 12 81
|·| + ·| ·|-| ·||·|·| -|Addition during the year 277 16 85 226 63 51
1447 93 17 1170 76 32
1447 93 17 1170 76 32
II. ·r¸ ¤r| ¤rº|=r|·r·rr Capital Reserves :
~, ·| ·||·|| ·| ||·|
a) Capital Gain
~·|·| ·| Opening Balance 1 17 00 1 17 00
~|, |-|| ·| /b) Investment :
~·|·| ·| Opening Balance 281 03 58 276 09 39
-||·| ~| · r||-| -| ·| ·| ~ |··|
Transfer from Profit & Loss Account 7 86 21 4 94 19
288 89 79 281 03 58
288 89 79 281 03 58
< |=·rº ¤r|=·r·rr +r ·r -r-r¸ -·r-r
c) Revaluation of Fixed Assets :
~·|·| ·| Opening Balance 584 09 62 576 79 54
|·| + ·| ·|-| ·||·|·| -|/Addition during the year 23 90 12 -
607 99 74 576 79 54
|·| +| ·|·|||·| ·|· ·|| ·| ·| ·· ·|· ||· ·||
·||·||~| mu mkckr"; ·|·||·|| ·|-|
Adjustment on account of Foreign
branches at rates as at year end. 25 21 24 15 73 26
633 20 98 592 52 80
·||··|· +| |·|+ | ·|· +·| ||
Deduction on sale of premises - 8 43 18
633 20 98 584 09 62
|·| +| ·|·|||·| |+ ·| -|·| -·|-| +
+|··| ~|-|·|·| +| ·|·||·|| ·|-|
Depreciation upto year end
on revaluation adjusted 139 09 12 133 31 74
494 11 86 450 77 88
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< < < <
¤-r =r¸ -r| z ¤rº|=r|·r·rr ¤r º ¤|·rºr ·r
Schedule 2 — RESERVES & SURPLUS
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
75
III. ·| ·|· ·| ||·|·|·| /Share Premium
~·|·| ·| / Opening Balance 901 84 25 40 00 00
JMo fu U =ti htl vrhJ"o l
Addition during the year 269 62 48 861 84 25
1171 46 73 901 84 25
IV. ·|·|·| ·| ~-·| ~|·|-|||·|| /
Revenue & Other Reserves
~/ a) ·||·||-·| ~|·|-||| / General Reserve :
~·|·| ·| /Opening Balance 399 73 03 399 73 03
-||·| ~| · r||-| -| ·| ·| ~ |··|
Transfer from Profit & Loss Account - -
|||-|·||-| ·||··|« || ~|·|-||| ·| ~ |··|
Transfer from Investment Fluctuation Reserve - -
399 73 03 399 73 03
399 73 03 399 73 03
~|) ||· ·|| ·| -| ~ |··| ~|·|-|||
b) Foreign Currency Translation Reserve
~·|·| ·|/Opening Balance 78 21 39 52 02 25
·|| ÷ .|||-|·|·| ··| | -| ·|| ·| ~ |··|
Add: Transfer from Exchange Suspense A/c 133 08 14 26 19 14
|·| + ·| ·|-| ·||·|·| -|/Addition during the year - -
211 29 53 78 21 39
|·| + ·| ·|-| +·| ||/Deduction during the year - -
211 29 53 78 21 39
V. -||·| ·| ·| /Balance of Profit
~·|·| ·| / Opening Balance 1685 17 03 1348 98 04
-||·| ~| · r||-| -| ·| ·| ~ |··|
Transfer from Profit & Loss Account 425 93 97 336 18 99
2111 11 00 1685 17 03
·rr·r ( l =r v ·r+j / TOTAL(I to V) 6125 72 11 4968 70 48
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
¤-r =r¸ -r| z ¤rº|=r|·r·rr ¤r º ¤|·rºr ·r (sthe)
Schedule 2 — RESERVES & SURPLUS (Contd.)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< < < <
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
76
¤-r =r¸ -r| a |-r=r ·r
Schedule 3 — DEPOSITS
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
¤.A. I. -rr·r |-r=r·r /Demand Deposits
i) ·|+| ·|/From Banks 583 15 47 212 84 73
ii) ~-·| ·| /From Others 7497 48 87 7459 89 12
II. ·r-r·r ·r+ |-r=r·r/Savings Bank Deposits 26322 35 05 24358 39 23
III. +r|-r+ |-r=r ·r/Term Deposits
i) ·| +| ·| /From Banks 17544 53 24 14233 15 08
ii) ~-·| ·| /From Others 102055 96 34 99013 32 02
·rr ·r /TOTAL(I, II & III) 154003 48 97 145277 60 18
¤r.B. i) ·||·| ·| ·||·||~| + |-|-| ·| Deposits of Branches in India 142016 95 57 136414 49 26
ii) ·||·| + ·||r· +| ·||·||~| + |-|-| ·|
Deposits of Branches outside India 11986 53 40 8863 10 92
·rr ·r /TOTAL 154003 48 97 145277 60 18
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
¤-r =r¸ -r| 4 =·rrº
Schedule 4 — BORROWINGS
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
I. -rrº·r -r =·rrº /Borrowings in India
i) ·||·||·| |··|| ·| +/Reserve Bank of India 6715 00 00 -
ii) ~-·| ·| +/Other Banks 13 68 15 21
iii) *~-·| ·| ··||· ~| · ~|·|+··|
* Other Institutions and Agencies 5246 48 54 5143 31 44
II. -rrº·r + ·rrrº =·rrº /Borrowings outside India 939 79 98 331 30 73
·rr·r (l {·r llj / TOTAL (I & II) 12901 42 20 5474 77 38
=·|· | ~| · || ·| ·|||·|-| ·| ||·| | ··||·
Secured borrowings included in I & II above 871 48 54 768 31 44
,·|·| ·|||·|-| r /* Includes
|·|÷·|| | -||| ·|/SIDBI Refinance 150 00 00 150 00 00
-||·||÷ | -||| ·|/NABARD Refinance 321 65 48 618 31 44
¸-|¸|·|| | -||| ·|;NHB Refinance - -
·|| ·| ~·|/Subordinated Debt 2375 00 00 2375 00 00
+ |·| |·|· || ·|| ·÷/Upper Tier II Bond 1620 00 00 1620 00 00
~|Ro||÷|~|Ro/IPDI 380 00 00 380 00 00
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
77
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
I. ·| · ·| |·|-| / Bills Payable 247 76 76 253 52 27
II. ~ |· +|·|| -|·| ·|·||·|| ·|-| ,·| ;,
Inter Office Adjustments (Net) 234 58 34 172 27 69
III. ·|| · ·| | ··||·|/Interest Accrued 732 24 36 774 10 60
IV. ~-·| ,,·|·| ·| ||·||-| ·|||·|-| r ,/
* Others(including provisions) 3765 45 95 4026 94 97
·rr ·r /TOTAL 4980 05 41 5226 85 53
* ,·|·| ·|||·|-| r /* Includes
·||-|+ ~||·|·|| + ·|·| ·| ·| ||·||-|/Provision on Standard Assets 502 73 49 396 37 59
I. r|·|-|+·| ,,·|·| ||· ·|| +· ·|| -|| · ·||··||-|| r ,
Cash in hand(including Foreign 308 40 47 237 34 93
Currency Notes)
II. ·||·||·| |··|| ·| + ·| ~||·| ·|/
Balances with Reserve Bank of India
i) ·..·. ..·. -. In Current Accounts 7503 12 45 10166 67 69
ii) ¬·. ..·.. -. In Other Accounts - -
·.. ·. (ì ¸·. ìì)/TOTAL(I & II) 7811 52 92 10404 02 62
¤-r =r¸ -r| ä ¤-·r « -r«r|º·rr ¤r º irr·r·rr-r
Schedule 5 — OTHER LIABILITIES & PROVISIONS
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
¤-r =r¸ -r| ê -rrº·r|·r |º)r·r ·r + -r -r+«| ¤r º ¤|·rºr ·r
Schedule 6 — CASH & BALANCES
WITH RESERVE BANK OF INDIA
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
78
¤-r =r¸ -r| ¨ ·r +r -r ¤|·rºr ·r ¤r º -rr ·r {·r ¤-·r =r¸ -r-rr ·rº ir|·r« ·r ºr|ºr
Schedule 7 — BALANCES WITH BANKS AND
MONEY AT CALL AND SHORT NOTICE
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
(ººº +. ÷. : |··.. ·.·.. - )
(000’s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
I. -rrº·r -r / In India
i) ·| +| ·| ~||·| ·|/Balances with Banks
+, ·||-| ·||| ·|
a) In Current Accounts 48 57 82 96 28 60
·|, ~-·| |-|-| ·| ·|||| ·|
b) In Other Deposit Accounts
ii) ·|| ·| ·| ~-·| ·| ·|-|| ·|· ·|||· ·| ·||·| - 50 00 00
Money at Call and Short Notice
+, ·| +| + ·||·|
a) With Banks 3500 00 00 5033 20 94
·|, ~-·| ·| ··||~| + ·||·|
b) With Other Institutions - -
·rr·r (| {·r ||j/ TOTAL(i &ii) 3548 57 82 5179 49 54
II. -rrº·r + ·rrrº /Outside India
i) ·||-| ·||| ·| /In Current Accounts 390 90 98 692 74 90
ii) ~-·| |-|-| ·| ·|||| ·|
In Other Deposit Accounts 510 46 94 156 20 04
iii) btâ d YJk yÖv mq alt-vh ?r;=u g htrN
Money at Call and Short Notice 1342 19 80 547 96 08
·rr ·r (i,ii {·r iii) / TOTAL(i,ii & iii) 2243 57 72 1396 91 02
+ -r ·rr ·r (I {·r IIj /GRAND TOTAL(I&II) 5792 15 54 6576 40 56
79
I. -rrº·r -r |-r--r|-r|=r·r -r |·r|-r·rr-r/ Investments in India in
i) ·|·+|·| ·|||·| ||·|| /Government Securities 39842 05 52 34651 09 34
ii) ~-·| ~-| ·|| |·| ·|||·| ||·|| /Other Approved Securities 72 30 77 84 38 47
iii) ·| ·|·/Shares 388 09 42 460 68 43
iv) |÷·| ·|· yti h ·| ·|·|~|/Debentures and Bonds 2452 84 20 2131 17 43
v) ~-| ·| ·|| ~| · / ·|| ·| ·| +| ···|/Subsidiaries and/or Joint Ventures 247 47 51 174 67 50
vi) yàg (Rk r=ht rJfUtm vºt ögaw yÖt VUk z, yth ytRo ze YVU,
me. ve. YVU. yth. Yl. ytr=)
Others (Indira Vikas Patra, Mutual 1625 96 71 3698 39 20
Fund, RIDF, C.P. FRN etc.)
·rr ·r/TOTAL 44628 74 13 41200 40 37
II. -rrº·r + ·rrrº |-r--r|-r|=r·r -r |·r|-r·rr-r/ Investments outside India in
i) ·|·+|·| ·| ||·| ||·|| ,,-|·| ··||-||·| ·| ||·|+··| ·|||·|-| r ,
Government Securities(including Local Authorities) 972 52 27 1275 04 39
ii) ~-·|/Others
+/a) ·| ·|·/Shares - -
·|/b) |÷·| ·|·/Debentures 1 31 1 14
·|/c)~-·| ,·+~|··-| ~||·,/Other Investments (FRN etc.) 170 21 81 451 82 39
·rr ·r/TOTAL 1142 75 39 1726 87 92
+ -r ·rr·r(l {·r llj'/GRAND TOTAL(I & II)* 45771 49 52 42927 28 29
I. ·||·| ·| /IN INDIA 45038 34 34 409 60 21 44628 74 13 41388 26 39 187 86 02 41200 40 37
II. ·||·| + ·||r·
OUTSIDE INDIA 1147 07 04 4 31 65 1142 75 39 1736 17 17 9 29 25 1726 87 92
·rr ·r/TOTAL 46185 41 38 413 91 86 45771 49 52 43124 43 56 197 15 27 42927 28 29
|||-|·||-| ·| ~|-|·|·|/~-|·| + |||-|·||-| r | ·| ||·||-| /
** DEPRECIATION ON INVESTMENTS / PROVISION FOR NON-PERFORMING INVESTMENTS
¤-r =r¸ -r| ê |·r|-r·rr-r
Schedule 8 — INVESTMENTS
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
~|-|·|·|/ Yl ve ytRo ·| ||·||-| +| ·||·| +| ·|·|+· / * Net of Depreciation / NPI Provision
|·.|.·... ·.+·. -. ··. ¬·.-.·.. -. · -. ··. ·.+·. -. ··. ¬·.-.·.. -. · -. ··.
..·.·... ..·.·...
INVESTMENTS Gross Value Depreciation/ Net Value Gross Value Depreciation/ Net Value
Provision ** Provision **
< < < < < <
31.3.2012 +| |··.|·. + ¬. ·..· 31.3.2011 +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
(ººº +. ÷. : |··.. ·.·.. - )
(000’s omitted)
80
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
y/A. (i) + ·| |+· ·|· ~| · |·|||+|· ·|· ·| ·|||-| |+· ·|· |·|-|
Bills Purchased and Discounted 7546 22 87 3807 06 62
(ii) ·| +÷ ··||·, ~| |·÷ |+· ~| · ·|| ·| ·|· ·| ||·| · ·| ··||·
Cash Credits, Overdrafts and Loans repayable on demand 34214 63 58 31460 35 99
(iii) ·||||·| ··||· /Term Loans 73779 14 57 63803 38 75
·rr ·r/TOTAL 115540 01 02 99070 81 36
yt/B. (i) ·| | ~||·|·|| ,|·| ·| ||·| |/Secured by Tangible Assets 79869 19 86 73479 00 26
,·|r| »·| + ·|·| ·| ~|·| ·| ·||r|,
(includes advances against book debts)
(ii) ·| +/·|·+|·| ·|·||·| ||·|| ,|·| ·| ·|-||/
Covered by Bank/Govt. Guarantees 8034 42 43 11359 72 84
(iii) ~·|||·| |/Unsecured 27636 38 73 14232 08 26
·rr ·r/TOTAL 115540 01 02 99070 81 36
R/C. I. ·||·| ·| ~|·| ·|/ Advances in India -
(i) ?t:rbfU;t -| ~|/Priority Sectors 28924 55 09 24089 66 64
(ii) ·||| ·||-|+ -| ~|/Public Sector 16510 85 34 17472 81 35
(iii) ·| +/Banks 15 26 45 24 78 21
(iv) ~-·|/Others 60486 38 60 50186 25 80
·rr ·r/TOTAL 105937 05 48 91773 52 00
II. ·||·| + ·||r· ~|·| ·|/Advances outside India -
(i) ·| +| ·| ŒtËg/Due from Banks - -
(ii) ~-·| ·| ŒtËg/Due from Others
,+, + ·| |+· ·|· ~| · |·|||+|· ·|· ·| ·|||-| |+· ·|· |·|-|
(a) Bills Purchased and Discounted 1895 04 67 2065 14 27
,·|, ·||·| |r+ ··||·
(b) Syndicated loans 1370 31 77 1222 57 19
,·|, ~-·|
(c) Others 6337 59 10 4009 57 90
·rr ·r/TOTAL 9602 95 54 7297 29 36
fwUÖt gtud (R-1YJk R-11)/GRAND TOTAL (C.I & C.II) 115540 01 02 99070 81 36
¤-r =r¸ -r| a ¤|:r-r
Schedule 9 — ADVANCES
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
81
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
I. ·r|º=rº/Premises
·| | ||| |·| + º ·||·| +| |··||| + ~-| ·||· -||·|| ·|·
At cost as on 31st March of the preceding year 143 21 42 133 97 83
|·| + ~ | ·| ·|·||-|| ··| ·|· ||· ·| |··|| ·||·||~| ·| ·| ·| |·||
~| +÷| ·| ·||·|| -| + +|··| ·|·||·|| ·|-|
Adjustment on account of conversion of figures
relating to Foreign branches at rates as at year end 14 29 57 8 84 03
157 50 99 142 81 86
|·| + ·| ·|-| ·||·|·| -| / ·|·||·|| ·|-|
Additions/adjustments during the year 37 81 39 56
JMo fu U =ti htl fUxti r|gtâ 157 88 80 143 21 42
Deduction during the year 36 67 -
157 52 13 143 21 42
~|·| +| ||·|·| |+ ·| -|·| -·|-| + +|··| ·||·|·| -|
·| -|·| -·|-| ~|·|-||| ·| ·|·||
Additions to date on account of revaluation
credited to Revaluation Reserve 633 20 98 584 06 95
790 73 11 727 28 37
rlvxtl nu ;w "trh; ytrô;gtü bü yk ;hK
Transferred to Assets Held for Disposal - 36 67
790 73 11 726 91 70
~·|-| ~|-|·|·|/Depreciation to date 201 96 37 186 58 34
·rr·r / TOTAL 588 76 74 540 33 36
II. ~-·| |··|· ~||··|·|| ,,-|·| +-|||· ~| · |++·||· ·|||·|-| r)
| | |·|| |·| + ~ ·| +| |··||·| + ~-| ·||· -||·|·| |·
Other Fixed Assets(including Furniture & Fixtures)
At cost as on 31st March of the preceding year 787 21 16 690 48 06
|·| + ~ | +| |··||| + ~-| ·||· ·| ·||-|| ··| ·|· ||· ·| |··||
·||·||~| ·| ·| ·| |·|| ~| +÷| ·| ·||·|| -| + +|··| ·|·||·|| ·|-|
Adjustment on account of conversion of figures
relating to Foreign branches at rates as at year end 5 07 41 2 65 88
792 28 57 693 13 94
|·| + ·| ·|-| ·||·|·| -| /Additions during the year 89 51 52 99 87 46
881 80 09 793 01 40
|·| + ·| ·|-| +·| ||·|| /Deductions during the year 2 28 87 5 80 24
879 51 22 787 21 16
~·|-| ~|-|·|·|/Depreciation to date 666 72 98 590 24 26
·rr ·r/TOTAL 212 78 24 196 96 90
III. rlvxtl nu ;w "trh; ytrô;gtk /Assets Held for Disposal
Nw õ cne bq Ög gt Nw õ Jmq Öte gtu Ég bq Ög vh, Rlbü mu stu Ce fUb ntu
At Net Book Value or Net Realisable
Value whichever is less
y/A. vrhmh/Premises - 36 67
yt/B. yàg rô:h ytrô;gtk /Other Fixed Assets - -
·rr ·r/TOTAL - 36 67
IV. ·||-| ·| ·|| ·| +·| /Capital Work in Progress - 120 22
·rr ·r/TOTAL - 120 22
+ -r ·rr ·r (I,II ¤r º III+IV) /GRAND TOTAL (I,II & III+IV) 801 54 98 738 87 15
¤-r =r¸ -r| 1o |=·rº ¤r|=·r·rr ;Schedule 10 — FIXED ASSETS
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
82
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
I. ·| + + ||·; ·|| |·|-r »·| +
-·| ·| ·||+|· -|r| |+·|| ·|·|| r
Claims against the Bank 69 65 97 71 63 71
not acknowledged as debts
II. ~ ·||· ·|··| |-|| ·|| + |-|· · ·|||/
Liability for partly paid Investments 8 79 50 19 54 50
III. ·|+|·|| ||·|·| |||-|·|·| ·| ||·|~| +| ·||·|| · -|·|·|
Liability on account of outstanding 30550 69 88 28073 79 88
Forward Exchange Contracts
IV. ·| ·|·+| +| ~| · ·| ·| ·|, ·|·||·| ||·|| /
Guarantees given on behalf of
Constituents -
+, ·||·| ·|
a) In India 7687 73 77 8529 10 99
·|, ·||·| + ·||r·
b) Outside India 187 39 88 99 64 48
V. ·|||·|r·|, ·|·| +-| ~| · ~-·| ·||··|||·
Acceptances, Endorsements 6581 13 33 6129 24 07
and other obligations
VI. ~-·| ·|· |·|-|+ |-|· ·| + ~|+|··|+ -·| ·| ·|·|| r
Other items for which the Bank is 3441 79 60 8448 16 48
contingently liable
·rr ·r / TOTAL 48527 21 93 51371 14 11
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
~ |·+|·|| -|·| ·|·||·|| ·|-| ,·| ;,
I. Inter-Office Adjustments (Net) - -
II. ·| |=T·| | ··||·|/Interest Accrued 971 44 35 788 21 52
III. ~|·| ·| -·| ·| ·| ··| +·/·|| | ·|· +|·| ·|·|| +·
Tax paid in advance/Tax deducted at source 1274 40 66 908 05 99
IV. -| ·|-| ·||·|·| | yti h ··| ·|/Stationery and Stamps 7 16 61 6 44 04
V. ·||| +| | |·· ·| ·||·| +| ·|, ·| ··| ++|·| ~||·|·||
Non-Banking Assets acquired in satisfaction of claims - -
VI. ~|··||·|·| +· ||··| ||·|·|| / Deferred Tax Assets 193 37 00 114 44 00
VII. ~-·|/Others 2335 27 31 1863 89 79
·rr ·r/TOTAL 4781 65 93 3681 05 34
¤-r =r¸ -r| 11 ¤-·r ¤r|=·r·rr
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
Schedule 11— OTHER ASSETS
¤-r =r¸ -r| 1z ¤r+|=-r+ « -r«r|º·rr
Schedule 12 — CONTINGENT LIABILITIES
83
ªì.ª..ºì. +r =r-rr··r ·r·r ªì.ª..ºìì +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< <
I. +·||·|-|, |||-|·|·| ~| · ·-||-|| ,·| ;,
Commission, Exchange and Brokerage (Net) 237 93 61 250 86 38
II. |||-|·||-|| + ||+ ·| ·|· -||·|
Profit on Sale of Investments 198 84 76 92 69 14
·|·|J . |||-|·||-|| + ||+·| ·|· r||-|
Less: Loss on Sale of Investments 3 06 41 195 78 35 1 01 94 91 67 20
III. ·| |·|, ·||-| ~| · ~-·| ~||·|·|| + ||+·| ·|· -||·|
Profit on Sale of Land, Buildings and Other Assets 91 09 5 33
·|·|J . ·| |·|, ·||-| ~| · ~-·| ~||·|·|| + ||+·| ·|· r||-|
Less: Loss on Sale of Land, Buildings and Other
Assets - 91 09 - 5 33
IV. ||· ·|| ·| -| ·| ·||r|·| ·|· -||·|
Profit on Exchange Transactions 139 77 92 114 57 95
·|·|J . ||· ·|| ·| -| ·| ·||r|·| ·|· r||-|
Less: Loss on Exchange Transactions 24 48 09 115 29 83 1 75 52 112 82 43
V. ·||·|/||· ·| ·| ··|||·|| ~-| ·| |·|·|| /+ ·||-|·|| ~| ·/·||
·| ·| +| ···|| ·| -||·|| ·| ~||· + -·| ·| ~|·|| ~|·|
Income earned by way of Dividends, etc. from Subsi-
diaries/Companies and/or Joint Ventures abroad/in India 8 89 22 7 41 28
VI. ?fUeKo ytg / Miscellaneous Income 406 73 41 462 58 73
·rr·r / TOTAL 965 55 51 925 41 35
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2012
¤-r =r¸ -r| 14 ¤-·r ¤r·r
Schedule 14 — OTHER INCOME
ªì.ª..ºì. +r =r-rr··r ·r·r ªì.ª..ºìì +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< <
I. ~|·| ·|| /|·|-|| ·|· ··||·|/·|,| / Interest/Discount on Advances/Bills 11382 96 71 8505 39 38
II. |||-|·||-|| ·|· ~|·| / Income on Investments 3156 34 56 2700 13 30
III. ·||·||·| |··|| ·| + + ·||·| ~||·| ·| ~| · ~-·|
~ |··| + |-||·|·|| ·|· ··||·|
Interest on Balances with Reserve Bank
of India and other Inter-Bank Funds 54 71 79 124 23 53
IV. ¤-·r/Others 38 34 09 41 04 03
·rr ·r /TOTAL 14632 37 15 11370 80 24
¤-r =r¸ -r| 1a ¤|¤r·r ··rr¤r / Schedule 13 — INTEREST EARNED
(ººº +. ÷. : |··.. ·.·.. - )(000?s omitted)
(ººº +. ÷. : |··.. ·.·.. - )(000?s omitted)
a1 -rr-r , zo1z +r =r-rr··r ·r·r + |-r{ -rr-r ¤r º rr|-r -r =rr
84
(ººº +. ÷. : |··.. ·.·.. - )(000?s omitted)
ªì.ª..ºì. +r =r-rr··r ·r·r ªì.ª..ºìì +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< <
I. |-|-| ·|| ·|· ··||·| / Interest on Deposits 9948 20 03 6842 42 67
II. ·||·||·| |··|| ·| +/~ |··| + ··||·| ·|· ··||·|
Interest on Reserve Bank of
India/Inter-Bank Borrowings 275 45 71 180 81 75
III. ~-·| /Others 506 61 29 502 64 16
·rr ·r /TOTAL 10730 27 03 7525 88 58
¤-r =r¸ -r| 1ä ··r·r |+·rr ·r·rr ··rr¤r
Schedule 15 — INTEREST EXPENDED
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2012
¤-r =r¸ -r| 1ê ·r|º-rr-r-r ··r·r
Schedule 16 — OPERATING EXPENSES
(ººº +. ÷. : |··.. ·.·.. - )(000?s omitted)
ªì.ª..ºì. +r =r-rr··r ·r·r ªì.ª..ºìì +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< <
I. +·| ·|||··|| +| ·| ·|||-| ~| · ·-|+ |-|· ·|||·||-|
Payments to and provisions for employees 1383 06 22 1480 11 82
II. rfUhtgt, +· ~| · ·| ·|-||/Rent, Taxes and Lighting 122 77 53 105 72 22
III. ·| -·| ~| · -| ·|-|·||·|·||/Printing & Stationery 26 69 29 21 36 47
IV. ||-||·|-| ~| · ·| ·||·/Advertisement and Publicity 24 00 80 21 68 22
V. ·| + +| ·| ·||·| ·|· ~|-|·|·|/
Depreciation on Bank’s Property 78 12 28 80 55 06
VI. |-|· ·|+| +| +|·|, ·|·| ~| · ·|·|
Directors’ fees, allowances and expenses 77 52 67 24
VII. -| ·|| ·|·|-|+| +| +|·| ~| · ·|·|,·||·||-| ·||·|·|-|+| ·||r|,
Auditors’ fees and expenses
(including Branch Auditors) 24 72 87 23 53 63
VIII. |||·| ·| ·||·/Law Charges 13 22 55 6 23 85
IX. ÷|+ ·|r·| -|, ||·, · -||+| -| ~||·/
Postages, Telegrams, Telephones, etc. 37 24 61 34 83 24
X. ·|···|| ~| · ~-| ·-|·|/Repairs and Maintenance 6 62 38 6 46 30
XI. ·||·||/Insurance 115 09 92 100 92 00
XII. ~-·| ·|·|/Other Expenditure 223 87 51 193 26 62
·rr ·r /TOTAL 2056 23 48 2075 36 67
a1 -rr-r , zo1z +r =r-rr··r ·r·r + |-r{ -rr-r ¤r º rr|-r -r =rr
85
1. ÃÖÖ´ÖÖµÖ / GENERAL
1.1 ||·||·| |||··|, ·| ·|| ~-·|·|| +|·|·| |+·|| ·|·|| r ··|+ |·|||·|, ‘-||·|+|·| +|·| ·||·||-|| ·| ··||’ +| ·| +-|-|| |· |· |·|·|·| -||·|·| ~|·||· |·
·| ·||· |+·| ·||·| r ~| · | ·||··||·| |··|| ·| + ,·||.|·.·| +) + |-|· ·|| ·||r·| ·||·||-·|·|· ·||··| ·| ·||+ ·| -| ·|| |·|,| ·|| , .|||-|·| |,|·|·|| ·|·||
·|| |||·|+ ·|·| ·|| + ~-| ¬ | r| ·| r :
The financial statements are prepared under ‘going concern’ concept on historical cost basis, except as otherwise stated, and
conform to Generally Accepted Accounting Principles (GAAP) in India, the prevailing practices and statutory provisions includ-
ing directives of Reserve Bank of India (RBI).
2. l·i« ºil -i øi «ª -i ·ilª·i·i -i +i ii-ii·i / EFFECT OF CHANGES IN FOREIGN EXCHANGE RATE
2.1 l·i« ºil -i øi +i -i -i« -i / FOREIGN CURRENCY TRANSACTIONS
i) ||· ·|| ·| -| ·| -| -|· -| +| ·||·|·| +| |·|| |·| ·| -| ~| · ||· ·|| ·| -| + ·||| |||-|·|·| ·· -||·| +·+ |·|| |·| ·| -| ·| .||· |·|+ |r||-| |· ||· ·||
·| -| -| -|· -| |·+|÷ |+·| ·||·| r :
Foreign currency transactions are recorded on initial recognition in the reporting currency by applying to the foreign currency
amount the exchange rate between the reporting currency and the foreign currency on the date of transaction.
ii) ||· ·|| ·| -| ·|| |-+ ·|·| +| |·|| ·||··||·| ||· ·|| ·| -| ·||||·| ·| ·| ,¸+, ÷|¸~|, ) +| ·| · r||·|· ·· +| ·|·|| ·| +·+ +| ·||·|| r :
Foreign currency monetary items are reported using the Foreign Exchange Dealers Association of India (FEDAI) closing spot
rate.
iii) ||· ·|| ·| -| ·| ··|| |-+ ·|·| +|, ·|| |· |·|·|·| -||·|·| ~|·||· |·|+| + |-|¸ ·|-|··| +·|, ·||·|| r , |·|| -| -|· -| +| ·||·|·| +| |||-|·|·| ··
+| ·|·|| ·| +·+ +| ·||·|| r :
Foreign currency non-monetary items, which are carried in terms at historical cost, are reported using the exchange rate at the
date of the transaction.
iv) ||· ·|| ·| -| ·| ·| -·|| |+·| ~|+|··|+ · ·|·||~| +| |·|| ·||··||·| ||· ·|| ·| -| ·||||·| ·| ·| +| ·| · r||·|· ·· +| ·|·|| ·| +·+ +| ·||·|| r :
Contingent Liabilities denominated in foreign currency are reported using the FEDAI closing spot rates.
v) ·|| |-+ ·|·| + |-|||-| |· ¸ ·|| ··| |· ··|--| r| -| ||-| ~ ·|· +| , ·|| .||· ·| ·| |·+|÷ +| ·|·|| ··| ·| |·|--| r , ··| ~||·| ·| ~|·| ·|| ·|·|
·||-|| ·||·|| r |·|·|·| | ··|--| r| ·| r :
Exchange differences arising on settlement of monetary items at rates different from those at which they were initially recorded
are recognised as income or as expense in the period in which they arise.
vi) ·|+|·|| ||· ·|| ·| -| ·| ||·| ¸| |·|-| +| | -|·| -·|-| ·||··||·| ||· ·|| ·| -| ·||||·| ·| ·| +| ··| + ~-| ·||· |+·|| ·||·|| r ~| · ||··||·|| -||·|;r||-|
+| .|··| + ·||r + ~ ·| ·| ·|·|·| ·| -| ·||·|| ·||·|| r :
Outstanding foreign exchange contracts and bills are revalued as per FEDAI Rates and the resultant gain/loss is taken to
revenue at the end of each month.
2.2. l·i« ºil ·ilª·ii-i-i /FOREIGN OPERATIONS
·| + +| ||· ·| |··|·| ·||·||~| ~| · .||·||-||·| +|·|| -|·|| +| ·| ··|·||+|-|·| ||·||-|-| + ¬ | ·| |·||+ ·| |+·|| ·|·|| r :
Foreign Branches and representative offices of the Bank have been classified as Non-integral Operations.
»«-ii·i«-il / Translation
i) ·|| |-+ ¸| ·| ··|| |-+ ||· ·|| ·| -| ||··| ||·|·|| ¸| · ·|·||~| ·|·|| ·| ··|·||+|-|·| ||· ·|| ||·||-|-| +| ~|+|··|+ · ·|·||~| +| ·| -|-||~| +|
·||·|·| +| ·||··||·| ||· ·|| ·| -| ·||||·| ·| ·| ;|·| ~|·|·| ||·| ·| · |||-|·|·| ··| |· ||··|·| |+·|| ·||·|| r :
Both monetary and non-monetary foreign currency assets and liabilities including contingent liabilities of non-integral foreign
operations are translated at closing exchange rates notified by FEDAI at the balance sheet date.
ii) ·| ··|·||+|-|·| ||· ·|| ||·||-|-| ·| ·| ·|| ~|·| ¸| ·|·| +| |·|·||r| ~| ·|·| ·| · ··| |· ||··|·| |+·|| ·||·|| r :
Income and expenditure of non-integral foreign operations are translated at quarterly average closing rates.
iii) ·| ··|·||+|-|·| ||· ·|| ||·||-|-| ·| |-||-| |-|| ·| |· ··|--| |||-|·|·| ~ ·|· +| |-||-| |-|| ·| + |-|||-| ·|+ ||· ·|| ·| -| ||··|·| ~|·|-||·| ·|
·| ||·| |+·|| ·||·|| r :
»-i ªi¸ ·il 1¨ -i =·i -i =ii -ill·i·ii
Schedule 17 - PRINCIPAL ACCOUNTING POLICIES
86
Exchange differences arising on net investment in non-integral foreign operations are accumulated in Foreign Currency Trans-
lation Reserve until the disposal of the net investment.
3. l·il-i·ii-i/INVESTMENTS
3.1 |||-|·||-| +| ·||-| ·| |·|·|| ·| |·||+ ·| |+·|| ·||·|| r , ·|·|| ||·|+|·|| ·|+ ·|||··|, ||+·| r ·| ·|-|··| ¸| +·|||+·| + |-|¸ ·|||··| ·|·|| ··|+
·||· ·-r ·|·+|·| .||·|·| |·|·|| , ~-·| ~-| ·|| |··| .||·|·| |·|·|| , ·| ·|·| , |÷·| |·| ¸| ·|| ÷| , ~-| ·| ·|| ¸| ·| ·| · ···| ~| · ~-·| ·| |·||+ ·| |+·|| ·||·||
r :
Investments are classified into three categories viz. Held to Maturity, Available for Sale and Held for Trading and are further
classified into Investments in Government Securities, Other Approved Securities, Shares, Debentures & Bonds, Subsidiaries
and Joint Ventures and Others.
3.2 (i) ||·|+|·|| ·|+ ·|||··| + ¬ | ·| |·||+ ·| |||-|·||-| +| -||·|·| ~|·||· |· ~|·| -| ·||·|| ·||·|| r : ·|r| -||·|·| ~ |+·| ·| -·| ·| ~|·|+ r| ·|| r |r|
.|||·|·|·| +| ||·|+|·|| +| ·| ·| ~||·| ·|+ + |-|¸ .|·|||| ··||·| ·· |,|·| + ~-| ·||· ||··|| |·|·| |+·|| ·||·|| r : ||+·| ·| r ¸ -||·| +| |r-|
-||·|r||-| -| ·| ·| |-|·|| ·||·|| r ~| · ··|+ ·||· +· +| ·| ÷+· ··|+| |||-|·|| ·|-| | ·|| ~|·|-||·| -| ·| ·| |+·|| ·||·|| r : ||+·| ·| r , r||-|
+| -||·|r||-| -| ·| |· ·|||··| |+·|| ·||·|| r :
Investments classified as Held to Maturity are carried at cost. Wherever the cost is higher than the face value, the premium is
amortised over the remaining period of maturity as per effective interest rate method. Profit on sale is initially taken to Profit
and Loss Account and then appropriated to Capital Reserve Account net of taxes. Loss on sale is charged to the Profit and
Loss Account.
(ii) ||+·| r ·| ·|-|··| + ¬ | ·| |·||+ ·| |||-|·||-| +| ·||·||· ·| -·| + ¬ | ·| ~ |+·| |+·|| ·||·|| r : .|··| + |·||+··| r ·| ·| -·|| |, ; ·| -·|»|·|
+| ·|·| |·|-| |·+|||· |+·|| ·||·|| r : r|-|| |+ .|··| + |·||+··| ·| ·| ·| |·|·| ·| , ·| -·|»|·| +| -||·|r||-| -| ·| |· ·|||··| |+·|| ·||·|| r , |· ·|
|+·|| ·|| |·||+··| ·| ·| ·| |·|·| ·| , ·| -·|| |, +| -|·|·~ ·|·| |+·|| ·||·|| r : ,-| |||-|·||-| +| ·| -|-||~| ·| ·| -·|»|·| ·||+· ··|| ·|| ·||·|| r :
Investments classified as Available for Sale, are marked to market. Scrip-wise appreciation/depreciation is aggregated for
each classification. While net depreciation in respect of each classification is charged to Profit & Loss Account, net apprecia-
tion in respect of any classification is ignored. These investments are shown, net of depreciation, in the Balance Sheet.
(iii) +·|||+·| + |-|¸ ·|||··| + ¬ | ·| |·||+ ·| |||-|·||-| +| ·||·||· ·| -·| + ¬ | ·| ~ |+·| |+·|| ·||·|| r : ·| -·|| |, ; ·| -·|»|·| +| ·|·| |·|-|
|·+|||· |+·|| ·||·|| r : r|-|| |+ .|··| + |·||+··| ·| ·| ·| |·|·| ·| , ·| -·|»|·| +| -||·|r||-| -| ·| |· ·|||··| |+·|| ·||·|| r , |· ·| |+·|| ·||
|·||+··| ·| ·| ·| |·|·| ·| , ·| -·|| |, +| -|·|·~ ·|·| |+·|| ·||·|| r : ,-| |||-|·||-| +| ·| -|-||~| ·| ·| -·|»|·| ·||+· ··|| ·|| ·||·|| r :
Investments classified as Held for Trading are marked to market. Scrip-wise appreciation/depreciation is aggregated for each
classification. While net depreciation in respect of each classification is charged to Profit & Loss Account, net appreciation in
respect of any classification is ignored. These investments are shown, net of depreciation, in the Balance Sheet.
3.3 ·|·| · ·||-| ·| |·|·|| ·| ·| |+·|| ·| ·|||·|-| ¸ ·|| .||·|·| |·|·|| + ·||·|-| ·| , ·|r| ··||·| ; ·| -|·|-| ·¨ |·-|| ·| ~|·|+ ~||·| + |-|¸ ·|+|·|| r , ~|·|
+| |r||-| -|r| +| ·||·|| ~| · | ·| |||-|·||-| + ·| -·| |· ||| +| ·| ·||-|· ÷| + ~-| ·||· ·|·| ||·| .|||·||-| |+·|| ·||·|| r :
In respect of securities, included in any of the above three categories where interest/ principal is in arrears for more than 90
days, income is not recognized and appropriate provision on the value of such Investments is made as per prudential norms.
3.4 -| ~||·| ·||·||·| ·| +| , |||·||··|+ |~|| ·|·|| ·|·| |·|-| ·| |||-|·||-| +| ·| -·|-| ··|||-||·|·| |· |+·|| ·||·|| r :
Investments in Regional Rural Banks, Commercial Papers and Treasury Bills are valued at carrying cost.
3.5 +·|||+·| ; |-||·· ·|||||-| |||-|·||-| + ·| ·| ·| ·| ·||·||· +|·|·| ·| + ¸+·|| ·|| ·| ·|-|··| |-||·· ·||| ·| |-|·|| ·||·|| r : ·|·+|·| .||·|·| |·|·||
+| ·| -·|-| ·||·||· +|·|·| |· ·|| |++·÷ , +·| ·|-|| ·||+ ¸ ÷ ÷ |·| |·| ¸·|| |·|¸·|-| ~| + , |÷·|| ,¸+~|, ¸·|¸·|÷|¸) ¸| .||,·|·| ÷|-|·
¸·|| |·|¸·|-| ~| + , |÷·|| ,||÷|¸~|, ) ;|·| ·| ·| · ¬ | ·| ·|| |·|·| ·| -·| |· |+·|| ·||·|| r :
In respect of traded/quoted Investments, Market price is taken from the quotes available in the stock exchanges. Government
securities are valued at Market price or price declared by Primary Dealers Association of India (PDAI) jointly with Fixed Income
Money Market and Derivatives Association of India (FIMMDA).
3.6 ~·| |-|·|·|| |· ·| |÷·| ~||·| + |-|¸ .|··|; .||·| ··||·| +| ··||·| ·|·| ; ~|·| + ¬ | ·| ·||-|| ·||·|| r ~| · ,·| -||·|·| ; |·|+| .||·|+-| ·|
~|||·|·| |+·|| ·||·|| r :
Broken period interest paid / received on debt instruments is treated as interest expense/income and is excluded from cost/
sale consideration.
3.7 ·| + ;|·| .||·|·| |·|+··| ; | -||-|·|| ·| + |-|| +| ·| || ·|·|| ||·||·| ||··| ||·|·|| +| ·||·|·| .||·|·| |·|+··| ; | -||-|·|| ·| + |-|| ;|·| ·||·| .||·|·| |·|
··||·| +| ·| -·|-| .||·|·| |·| ··||· + ·|| |-| ·| -·| ~| · ||·||·| ||··| ||·|·|| + |-||-| ·|r| ·| -·| ·| |-|·-|·|· |· |+·|| ·||·|| r : |||-|·||-| +| ·|·| ·
¬ | ·| ·|·|||-|·|| |··| ·| -·| |· ·||r·|| ·| ~|·| -| ·||·|| ·||·|| r ~| · ||+·|; |·| -|| +| , ·||· +| , r| , |||-|·||-| ·| ·||·|| ·||·|| r ·|·|| |-||-|
·|r| ·| -·| ··|| ·|| ·||·|| r :
Security receipts issued by securitisation / reconstruction company (SC/RC) in respect of financial assets sold by the Bank to
the SC/RC are valued at the lower of the redemption value of the security receipt and the Net Book Value of the financial
assets. The Investment is carried in the books at the price determined as above and the sale / realization if any, is reduced from
Investment and the net book value is shown.
87
·||.|·. ·| + ;|·| |||r·| ·| ··|| |||·|+ |-||-||·| ~-| ||·| |||-|·||-| ·| |||-|·||-| |· -||·| ·| -·|, |·||+··| ¸| ~-·| ·||-|· ÷ .||·|·| |·|+··| ; | -||-|·|| ·|
+ |-|| ;|·| ·||·| .||·|·| |·| ··||· ·| ·| + + |||-|·||-| |· -||·| |+·| ·||·| r :
The value, classification and other norms applicable to investment in non-SLR Investments prescribed by RBI are applied to
Bank’s investment in Security Receipts issued by SC/RC.
4. ··ii=i «ª ª·ii·i /INTEREST RATE SWAPS
4.1 ·|||| ·||··|| + |-|¸ |+¸ ·|¸ ··||·| ·· ·||| -| -|· -| +| ·|·|-|| ·||·| ~|·||· |· +| ·||·|| r ·|·|| +·|||+·| ·| ·| ·|| -| -|· -| + ·||·||·
·| -·| +| ·||r·|| ·| ~ |+·| |+·|| ·||·|| r ·|·|| |-||-| ·| -·|»|·| + |-|¸, ·||· +| , r| , .|||·||-| |+·|| ·||·|| r , ·|·||+ ·| -·|| |, +| , ·||· r| ,
-|·|·~ ·|·| |+·|| ·||·|| r :
The Interest Rate Swap transactions undertaken for hedging are accounted for on accrual basis and transactions for trading
are marked to market and net depreciation, if any, is provided for, whereas appreciation if any is ignored.
4.2 ·|||| ·||··|| + |-|¸ |+¸ ·|¸ ·|·||·| ··||·| ·· ·||| |· -||·| ·|| r||-| +| ~|··||·|·| ··|| ·||·|| r ~| · ··|+| |r||-| ·||| +| ·| ||·|·|·|
·| ·| ~||·| ~·||| ~||··| ·|| · -|·|·| +| ·| ·| ~||·|, ,-|·| ·| ·|| ·|| +·| r| , ·| +| ·||·|| r :
Gain or loss on terminated interest rate swap transactions undertaken for hedging is deferred and recognized over the shorter
of the remaining contractual life of the swap or remaining life of the asset or liability.
4.3 +·|||+·| ·||| ·| ·| ·| |·|·| ~|·| ~| · ·|·| +| |r||-| |-|||-| +| ·|·|·| +| +| ·||·|| r :
Income and expenses relating to the trading swaps are recognized on the settlement date.
4.4 +·|||+·| ·||| +| ·|·|||·| |· r ¸ -||·| ·|| r||-| +| ·| · ·| ~|·| ·|| ·|·| + ¬ | ·| |·+|÷ |+·|| ·||·|| r :
Gain or losses on the termination of the trading swaps are recorded as income or expense immediately.
5. l·i« ºil -i øi +ªiª / FOREIGN EXCHANGE CONTRACTS
·|+|·|| ||·|·| ||· ·|| ·| -| ·| ||·|~| +| | -|·| -·|-| ·||r + ~ ·| + ~-| ·||· .|··| + ·||r ||·|·| ·| |r·|| +| ||·|+|·|| +| ·||·|·| |· ~|·|||··| -||·|
+ ÷|, ·· |· |+·|| ·||·|| r ¸| ··|+ +-|·|¬ | r ¸ -||·|;r||-| +| .|··| + ·||r + ~ ·| ·| -||·| ¸| r||-| ·| -| ·||·|| ·||·|| r :
Outstanding forward exchange contracts are revalued every month as per month end FEDAI rates applicable based on matu-
rity date of the forward contracts and the resultant gain/loss is taken to profit and loss at the end of the each month.
6. »l:i-i/ADVANCES
6.1 ~ ·| ¸| ~|·|·| +| ~·| + ¸| ~-|·| + ~||··| + ¬ | ·| |·||+··| ·||··||·| |··|| ·| + ;|·| ·||·| ·||·| ··|| |·|,| ·| + ~|·||· |· |+·|| ·||·||
r : ·||··| ·| ~-|·| + ~|·|·|| +| |-|·|| ··| ||| +| ·| ·||-|· ÷| + ~-| ·||· |+·|| ·||·|| r ~| · ·||··||·| |-|·|| ·| ~·| ·||· | |-|·|·| ·| .||·| ; .||·|
|· ||||· +·-| + ·||· ·-r ‘~|·||-|+, ‘·| |···| ¸| ‘r||-| ~||··|·|| ·| |·||+ ·| +·+ .|||·||-| |+¸ ·||·| r ·|·|| ~|·|·| +| ·--| ·| .|||·||-|
+| ·||-| + ·||· |+·|| ·||·|| r :
Loans and advances are classified as performing and non-performing based on the guidelines issued by the RBI. Non-Per-
forming advances in India are ascertained as per the Prudential Norms and provisions are made upon classifying the same into
‘Sub-Standard’, ‘Doubtful’ and ‘Loss’ assets after considering the claims Received/Receivable from ECGC and advances are
stated after netting of provisions.
6.2 ||· ·| |··|·| ·||·||~| + ~-|·| + ~|·|·|| + |-|¸ .|||·||-| ··||-||·| ~| -||~| ·|| ·||··||·| |··|| ·| + + ·||·| ··|| |·|,| ·|| + , ,-|·| ·| ·|| ·|| ~|·|+
r| , ~-| ·||· |+·|| ·||·|| r :
Provision on Non-performing advances of foreign branches is made on the basis of local requirements or RBI guidelines
whichever is higher.
6.3 ·||-|+ ||··| ||·|·|| + |-|¸ ·||·||-·| .|||·||-| | |·|+ || +| |-|·|| ~|·||· |· |+·|| ·||·|| r :
A general provision on Standard Assets is made on global portfolio basis.
6.4 ~|-| ·| -|| ·|, + -|·| ·|·+|· +| ·||· | ~| · ·| + ;|·| ·|·|· |+¸ ·|¸ ||· +| ·||·|·|, ·|r| ·|·+|· |-|·|+··| -|r| +··|| r , · ·|·||·|·|| +|
|+ ·||-|| ·||·|| r :
In respect of Central Government Guarantees invoked and suit filed by the bank, wherever the Government does not repudiate,
the dues are considered good.
6.5 ·|·|÷|| ·|| ¸| |-|||-| ·| ·| ·|| .|··|||| + ·||·|-| ·| | ·| |·| -|| + ·||· ·|, ·||·| ÷|-| ·||·| r :
In respect of Compromise and Settlement Proposals, write-off is done on complete realisation.
6.6 ·||·| +| ~ ·|·|· ||| +| ·| ·|, ·||·| ÷|-|-| +| +|·| ·|-|·| .|||·|+|·| + ~-| ·|| ·-| + ·||· ·||·|-||···||·|-|| ~|·||· |· ~.||·|·| ·| ~ ·| + |-|¸
|+·|| ·||·|| r :
Partial prudential write off of accounts is done upto unsecured portion level on a case to case basis on approval by the
Competent Authority.
88
7. »·i-i »ilª·i·ii /FIXED ASSETS
7.1 ~|-| ~||··|·|| +| |-|·|| ··| |· |·|·|·| -||·|·| ~|·||· |· ; | -|·| |-·|·| ·||·| ·| ·| ·| ||·| ·| -·|»|·| +| ·||+· |+·|| ·||·|| r : | -|·| -·|-| ·| .||·|
~|·|·| ·| +| | -|·| -·|-| ~|·|-||·| ·| ·|·|| |+·|| ·||·|| r :
Fixed assets are stated at historical cost/revalued amount less accumulated depreciation. Surplus arising on revaluation is
credited to Revaluation Reserve.
7.2 ~|-| ~||··|·|| + ~|·|·|r·| r ·| |+¸ ·|¸ ~|·|·| ·| ·|·||-| ; ~| |·|+ ·| ·|·||-| ~-·| ~||··|·|| ·| ·|||·|-| |+¸ ·||·| r :
Advance payments/part payments made towards acquisition of fixed assets are included under other Assets.
7.3 ·||··| ·| ||··|· ,~||·||··| ; ~| ·|++ ·| ·| |·| +| -||·|·| ·||r·|) ·|·|| ~-·| ~|-| ~||··|·|| |· ,+ ·| ·| +| ·| ÷+·) ·| -·|»|·| +| .|||·||-|
+ |-|| ~|·||-|·|·|, ·¯ö +| ~-| ·| || XIV ·| |||r·| ··| |· ·| -·|»||·|·| ·| -·| |,|·| + ~-| ·||· |+·|| ·||·|| r : ·||. |·. ·| + + |··|||-|· ·|
+ ~-| ·||· + ·| ·| |· ·| -·|»|·| ·||·|| +| ·|| .|·||-|| + ~|·||· |· ¹¹.¹¹% +| ·· ·| |+·|| ·||·|| r : ·| -·|»|·| +| .|||·||-| ¹¨ |·|·| ·|·
·|+ |+¸ ·|¸ ||·|·| -| + |-|¸ | ·| ·· |· ·|·|| ··|+ ·||· |+¸ ·|¸ ||·|·| -| + |-|¸ ~|·|| ·· |· |+·|| ·||·|| r :
Depreciation on Premises (including cost of land wherever inseparable/not segregated) and other fixed assets (excluding
computers) in India is provided on written down value method at the rates prescribed in Schedule XIV to the Companies Act,
1956. Depreciation on computers is provided at the rate of 33.33% on Straight Line Method in terms of RBI guidelines.
Depreciation is provided at full rate on additions made upto 30
th
September and at half the rate on additions made thereafter.
7.4 ·||··| + ·||r· |··|·| ~|-| ~||··|·|| +| ·||·|·| ·| -·|»|·| +| .|||·||-| ·| ·| |·|·| · ·| +| ··||-||·| |||·| + ~-| ·||· ·||·|| +| ·|| .|·||-|| ;
·| -·|»||·|·| ·| -·| |,|·| + ~|·||· |· |+·|| ·||·|| r :
Depreciation in respect of fixed assets situated outside India is provided on straight line/written down value method as per the
local laws of respective country.
7.5 | -|·| -·|-| ·| ··|--| ~|·||·· ·| -·|»|·| +| ·|·| ·|-| | -|·| -·|-| ~|·|-||·| + .||·| |+·|| ·||·|| r :
Additional depreciation arising out of revaluation is set off against Revaluation Reserve.
7.6 |,|·| ·| ·| ||·|·|| +| ·||·|·| |,| .|||·|·|·| +| |, +| ~||·| ·|+ ||··|| |·|·| |+·|| ·||·|| r :
In respect of leasehold properties, the lease premium is amortized over the period of the lease.
8. +-i ·iiªl lr·i-ii-i/EMPLOYEE BENEFITS
8.1 »-·ii·il·i +-i ·iiªl lr·i-ii-i /Short Term Employee Benefits
+·| ||·| ;|·| .|·|-| +| ·|, ·| || + ¸|·| ·| . ·||r +| ·| ||||·| + ·| ·|-| +·| |||··|| +| |||+··|| ·| ||·||, ~|+|··|+ · ,| ~||· ~-||||·|
+·| ||·| |r·|-||·| ~·| ; ·|·|| |+·|| ·||·|| r :
The short-term employee benefits, such as medical benefits, casual leave etc. which are paid/credited in exchange for the
services rendered by employees are recognised during the 12 month period when the employee renders the service.
8.2 «l·ii ·il·i +-i ·iiªl lr·i-ii-i/Long Term Employee Benefits
·| || |·| ·| |r·|-||·|;Post Employment Benefits
~)/A) |-|·|| |··| ~ ·|·|-| ·|| ·|-||/Defined Contribution Plan
·|||··| |-||·| ·| ·|| |-|·|| |··| ~ ·|·|-| ·|| ·|-|| ·| ~ ·|·|-| +| -||·|r||-| -| ·|| |· ·|||··| |+·|| ·||·|| r : |·|-| +·| |||··|| -| | ·|-| |r·|-||·| +|
||+-| -|r| |-|·|| r ·-|+| ·|||··| |-||·| ~ ·|·|-| ·| + ;|·| |-|·|| |··| · +| |+·|| ·||·|| r :
Contribution to Defined Contribution Schemes such as Provident Fund etc., are charged to the Profit & Loss Account as and
when incurred. In respect of certain employees who have not opted for Pension Benefits, Provident Fund Contributions are
made to a Trust administered by the Bank.
~|)/B) l-i·ii lª·i lr·i-ii-i ·ii =i-ii/Defined Benefit Plan
+. ·| + ;|·| |-|·|| |··| |r·|-||·| ·|| ·|-|| + ~ ·|·| ·| ·||·|-| ¸| | ·|-| ·|| ·|-|| +| ||·||-|-| |+·|| ·||·|| r :
a. The bank operates gratuity and pension schemes which are defined benefit plans.
·|. ·| + ·|·|| ||~| +·| |||··|| +| ·|·|-| .|·|-| +··|| r : ,·|+ ~ ·|·| ·| ·-| ·|·|| +·| |||··|| +| ·| |||-|| |·| |·, -|| +·| + ·| ·|-| ·| ··| |·, ·||
-|| +·| +| ·|·|||·| |· ¸+·| ··| ·||·|;¸+·||··|| ·| ·|·||-| ,·| .|+|· |+·|| ·||·|| r i) ¨,¨¨,¨¨¨ ·. +| ~|·|+·|·| ·||·|| + ~··|·||-| ·| ||
+ .|··| + | ·| |·| + |-|¸ ii) ¯ |·-|| +| | ·|-| ,·| -| + ÷|¸) ·|| iii) ·| || + .|··| + | ·| |·| + |-|¸ ¯ |·-|| +| | ·|-| ,+ |-| ·| -| | ·|-|),
,-|·| ·| ·|| ·|| ~|·|+ r| : || | |·| ; ··| |·| +| ·| || ,·|·|| .|·|| ··|) | ·| +·-| + ·|·| ·| ·|r -||·| .|·|-| |+·|| ·||·|| r : ·|·| ~| ·||¬ ·||·|| |++
;|·| |-|·||·|·| ~ ·|·|-| |· |+¸ ·|¸ ·| -·|| +-| + ~|·||· |· ·| + -·|||·|·|| ;|·| ·| |||-|·| |-||·| ·| |||·|+ ~ ·|·|-| +··|| r :
b. The Bank provides for gratuity to all eligible employees. The benefit is in the form of lump sum/one time payment to vested
employees on retirement, on death while in employment, or on termination of employment, for an amount equivalent to i) 15
days salary (Basic+DA) payable for each completed year of service, subject to a maximum amount of Rs.10,00,000 or ii) 15
days salary (Basic only) for each completed year of service ,whichever is higher. Vesting occurs upon completion of five years/
ten years (as applicable) of service. The Bank makes annual contributions to a fund administered by Trustees based on an
independent external actuarial valuation carried out at regular intervals.
89
·|. ·| + ·|·|| ||~| +·| |||··|| + |-|¸ | ·|-| +| .|||·||-| +··|| r : |-|·|·||-| ·||· ·|r -||·| ||~| +·| |||··|| +| ·| |||-|| |·| |·, -|| +·| + ·| ·|-| ·| ··|
|·, ·|| -|| +·| +| ·|·|||·| |·, ·| ·|| |+ ,·| |||-|·|·| ·| .|||·||-| r , ·|||·|+ ·| ·|·||-| + ¬ | ·| |+·|| ·||·|| r : |-|·|·||-| ·||· |||·|--| ··|· |·
·|r -||·| .|·|-| |+·|| ·||·|| r : | ·|-| + ¨% .||·|·||r +| ·· ·| ~ ·|·|-| + ~-|||| ·|·| ~| ·||¬ ·||·|| |++ ;|·| |-|·||·|·| ~ ·|·|-| |· |+¸ ·|¸
·| -·|| +-| + ~|·||· |· ·| + -·|||·|·|| ;|·| ·| |||-|·| |-||·| ·| ~|·||·· |||·|+ ~ ·|·|-| +··|| r :
c. The Bank provides for pension to all eligible employees. The benefit is in the form of monthly payments as per rules and regular
payments to vested employees on retirement, on death while in employment, or on termination of employment as provided
under regulation. Vesting occurs at different stages as per rules. The Bank makes additional annual contributions to funds
administered by trustees based on an independent external actuarial valuation carried out at regular intervals besides monthly
contribution @ 10% of pay per month.
·|. |-|·|| |··| .|·| ||·|| .|·|-| |+¸ ·||-| -||·|·| +| ~|·||··| ·||·|| |++ ·| -·|| +-| ;|·| .|| ·| + ÷ ·| |-| + |÷ ·| ·|÷ ~|·||· |· |+·|| ·||·|| r ·||
·||·||··|·|·|| ·| -|-||~| +| ·||·|·| +| |+·|| ·||·|| r : |-||-| · ·|·|| +| ~|··||·|·| -|r| |+·|| ·||·|| r ~| · ··| ·|·+|-| -||·|r||-| -| ·| ·| ·||-·|·||
·| ·||·|| r :
d. The cost of providing defined benefits is determined by actuarial valuation using the projected unit credit method which is
normally carried out at each balance sheet date. Net liabilities are immediately recognised in the statement of profit and loss
and are not deferred.
¡/C) »-·i «l·ii ·il·i +-i ·iiªl lr·i-ii-i/Other Long Term Employee benefits
+;a. ·| + + ·|·|| ||~| +·| ||·| .||·|+|·|··|+ ~-| ||··||·| ¸| · ,| ·||~|| |··||·|·| + r+·|· r : ,·| .|+|· + ·|·|| ||·| +·| ||·| |r·|-||·| -||·|·| +|
|-||·| ·| + ;|·| ~| ·||·+ ¬| ·| .|·|-| +| ·||·|| r :
All eligible employees of the bank are entitled to compensated absences; leave travel concession. The costs of such long term
employee benefits are internally funded by the Bank.
·|;b. ,·| .|+|· + ~-·| |-|·|| |··| ·|·|| ||·| |r·|-||·| .|·|-| +·-| +| -||·|·| +| ~|·||··| ·||·|| |++ ·| -·|| +-| ;|·| .|| ·| + ÷ ·| |-| + |÷ ·| ·|÷ ~|·||·
|· |+·|| ·||·|| r ·|| ·||·||··|·|·|| ·| -|-||~| +| ·||·|·| +| |+·|| ·||·|| r : |·| ·| || -||·|·| +| ~|··||·|·| -|r| |+·|| ·||·|| r ~| · ··| ·|·+|-|
-||·|r||-| -| ·| ·| ·||-·|·|| ·| ·||·|| r :
The cost of providing these other long term benefits is determined by actuarial valuation using the projected unit credit method
which is normally carried out at each balance sheet date. Past service cost is immediately recognised in the statement of profit
and loss and is not deferred.
·|;c. | ·| +||-|+ |-|· ·|+| +| ·| |||-|| |·| + |·||·| ·| || |·| ·| |||+··|| ·| ||·|| + ¬ | ·| |||+··|| ·| ||·|| .|·|-| +| ·||·|| r : -||·|·| +| ~|+-|-|
¸| |-|·|| ··| ·||·|| |++ ·| -·|| +-| ;|·| .|| ·| + ÷ ·| |-| + |÷ ·| ·|÷ ~|·||· |· |+·|| ·||·|| r ~| · ¸ ·|| ·| -·|| +-| ·| |||-|| |·| + ·||·|·||·|
| ·| +||-|+ |-|· ·|+| + |-|¸ ·| -|-||~| +| ·||·|·| +| |+·|| ·||·|| r : ,·| · ·|·|| +| ·|·+|-| -||·|r||-| -| ·| ·| ·||-·|·|| ·| ·||·|| r ~| · ,·|
~|··||·|·| -|r| ··|| ·||·|| r :
Medical benefits are extended to full time Directors, after their retirement as post retirement medical benefits. The cost is
ascertained and determined by actuarial valuation using the projected unit credit method and such valuation is carried out at
balance sheet date for retired as well as in service full time Directors. The liability is immediately recognized in the statement
of profit & loss and not deferred.
¸¸·| ¯ +·| ||·| |r·|-||·| ,·| ·|| |·|·| .¨¨¯) ·| ·|||·|·| ·| ·|| ·|-| ·|·|| ··|·| ·| ·| |·|·| ·||·| ··|| |·|,| ·| ·| ·| ·|| -|| + ~-| ·||· ·| + -| ··| · ·|·||
+| ·| -|-|| ·| ·| +·|·|+|-||-| · ·|·|| ·| | |, +| ||··|| |·|·| +·-| +| |-|·|·| |+·|| r |·|-|+| |r||-| ·|·| +|-||-| +·| ||·| |r·|-||·| ·|·|| | ·|-|,
·|·|-|, · ,| +| -|+·|+··|, ·||·||·| · | ¸-|¸+·||;¸-||·|| ~||· +| ·||·|·| ¹.¨¹..¨¨¯ +| |··||·| + ~-| ·||· ·| ·|| ·|-| | | ¸¸·|¯
+ ~-| ·||· ||·||·| |·| .¨¨¯¨- ·| ·||·|| · ·|| ~|·||· |· ¯ |·|| ·|+ ·|·| + ¬ | ·| +| ·|, :
In terms of Limited Revision to AS-15 Employee Benefits (Revised 2005) and guidance note thereon, the Bank has decided to
amortise the increase in transitional liability over the liability that could have been recognised as per the pre revised AS-15 as
on 31.03.2007 in respect of long term employee benefits like Pension, Gratuity, Leave Encashment, Sick Leave, LFC/LTC,
etc., as an expense on a straight-line basis over 5 years from financial year 2007-08.
''·|·+|·| -| ~| + ·| +| + +·| |||··|| + |-|¸ | ·|-| ||+-| |+· ·| ·| ¬ +·-|| ~| · ·|·|-| ·||·|| ·| | |,||| +| ·| |||-|·||·|+ ·|||·'' +
·| ·| ·| ·| ·||··||·| |··|| ·| + + ||·|~| +·|| +.÷|·||~| ÷|.·||||. ·||·||.-¨;..¨4.¨-;.¨¨ |·-|| + ¨·.¨...¨ ·| |··| ·|¸ |··||
|-|· ·|| + ~-| ·||· ·| + -| |-|·-||-||·|·| + +|··| ~|·||·· · ·|·|| +| ||··|| |·|·| +·-| +| |-|·| ·| |+·|| r
In accordance with the guidelines given by Reserve Bank of India vide its Circular No. DBOD.BP.BC.80/21.04.018/2010-11
dated 09.02.2011 on “Re-opening of Pension Option to Employees of Public Sector Banks and Enhancement in Gratuity Limits
– Prudential Regulatory Treatment”, Bank has decided to amortize the additional liability on account of –
+;a) |·|-| ||··||-| +·| |||··|| -| |r-| | ·|-| +| ||+-| -|r| |··|| ·|| ·-|+ |-|¸ | ·|-| +| ||+-| |+· ·| ·| ¬ +·-| , ~| ·
Re-opening of pension option for existing employees who did not opt for pension earlier; and
·|;b) ||·||·| |·| .¨¨ ·| || | |·| +| ~||·| ·|+ ·||·||· ·|| ~|·||· |· ·|·| + ¬ | ·| ·|·|-| ·| ·|·| ~|·||-|·|·|, ·¯. ·| ·| ·|| ·|-| + ~-| ·|··|
·| ¨.¨¨ -||·| < +| ||·|·| ·||·|| + ~-| ·||· ,¹.¯¨ -||·| < ·| ·|«|+·) ||··||-| +·| |||··|| +| ·|·|-| +| ·| ·|·||-| +·-| + +|··|:
Payment of gratuity to existing employees as per the enhanced limit of <10.00 lakhs (increased from < 3.50 lakhs) pursuant to
90
the amendment of the Payment of Gratuity Act, 1972, as an expense on a straight line basis over a period of five years from
the financial year 2010 -11.
9. ªi=iª·i +l ·ir·ii-i/REVENUE RECOGNITION
9.1 ~-·|·|| +|·|·| + |·|||·| ~|·| ¸| ·|·| +| ·|·| +| ·||·| ~|·||· |· |r·||·| ·| |-|·|| ·||·|| r :
Items of Income and Expenditure are accounted for on accrual basis, except as otherwise stated.
9.2 |-|·-||-||·|·| ·|·| + |-|¸ ~|·| +| |r||-| |·| -|| ~|·||· |· +| ·||·|| r ·
Income for the following items are recognised on realization basis:
~a) ·||.|·.·| + + ·||·| ··|| |·|,| ·|| + ~-| ·||· ~-|·| + ~||··|·|| ·| ~|·|;Income from non-performing assets in terms of RBI guidelines.
~|b) ·||·| |+¸ ·|¸ ·||·||~| ~| · ·||· |·|| |· ~|·|·| +·||·|-|/Commission earned on Letter of Credit and Guarantees issued.
10. »i·i ·iª +ª/TAXES ON INCOME
||-| +· +| |-|·|| ··| |·| +| +· ·|| ··| ~|·| +| ·||·|·| · ·| +· +| ·||·| |· |+·|| ·||·|| r ~| · ·|·-| ·||· -·| -|·|·| ||+-|| +· ·||r·| +· +
|-|¸ .|||·||-| |+·|| ·||·|| r :
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 including Minimum Alternate Tax (MAT).
~|·|·| ||·| -| ·|| ·||-|+ .. +| ·|·|| + ~-| ·||· ~|··||·|·| +· ~||··| ·|| · ·|·|| +| |r||-| ·| -|-||~| +| ·||·|·| ·|+ .|·|·|·| ·|| ·|·|·|·
.|·|·|·| +· +| ··| +| .|·|| ·| +·+ +| ·||·|| r : ~|··||·|·| +· ~||··|·|| ; · -|·||··|| +| ·|·||-|| |·| + ·| ·|-| r , ·||·||||·|·|| + ~|·||· |·
.|··| + ·| -|-||~| +| ·||·|·| +| +| ·||·|| r :
The deferred tax asset or liability is recognised using the tax rates that have been enacted or substantially enacted by the
Balance Sheet date, in terms of notified Accounting Standard 22. Deferred Tax Assets/Liabilities are reviewed at each
Balance Sheet date based on developments during the year.
11. »ilª·i·ii +l »-i=i +·ii/IMPAIRMENT OF ASSETS
·|·| +·|| ·|| ·|-||~| ·|| |··||·|·|| ·| r ¸ ||·|·| -| + +|··| ¸ ·|| -|·| |+ |+·|| ~||··| +| ··|··||| ·||·| +| |·| -|| -|r| r| ·|+·|| r , ·|·|
~-|·| +·|| + ~|+-|-| r ·| ~|-| ~||··|·|| +| ·|·||-|| +| ·||·|| r : ·|||··| ~| · ·|·|| ·| +| ·||-| ||-|| ~||··|·|| +| |·| -|| ·|| ··|·|| +| ~|+-|-|
|+·|| ~||··| +| ··|··||| ·||·| +| ·| -|-|| ·| ~||··| ;|·| ··|--| r| -| ||-| ~|·||·|| |-||-| ·|,|+ ·| -|+·| .|||r ·| +·+ |+·|| ·||·|| r : ·||·
¸ ·|| ~||··|·|| +| ~-|·| + ·||-|| ·||·|| r ·|| ··|+| ~-|·| +·|| +| ~|+-|-| ~||··| + ··|··||| +| ··| ·||·| ·| |+·|| ·||·|| r ·|| ~||··|
+ ·||·| ·| -·| ·| ~|·|+ r| ·|| r :
Fixed Assets are reviewed for impairment whenever events or changes in circumstances warrant that the carrying amount of
an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying
amount of an asset to future net discounted cash flows expected to be generated by the asset. If such assts are considered to
be impaired, the impairment to be recognised is measured by the amount by which the carrying amount of the asset exceeds
the fair value of the asset.
12. iil·i ºi ·iª »=i -i/EARNINGS PER SHARE
·| + ¸¸·| .¨ –'.||·| ·| ·|· ~·| -|', + ~-| ·||· .||·| ·| ·|· ·| -| ~| · -·| -||+ ·| ~·| -| +| |·|| +··|| r : .||·| ·| ·|· ·| -| ~·| -| +| |-|·|| ··| +·
|·||·| |-||-| -||·| ·|·|| ~|·|·||-|| ·| ·|·| |· -||·|| ·| +| |·| ·| ·|+|·|| , |+|| ·| ·|·| +| ~| ·|·| ·|||··|| ·| ·||·| · +· |+·|| ·||·|| r :
The Bank reports basic and diluted earnings per share in accordance with AS 20 – ‘Earnings per Share’. Basic earnings per
share computed by dividing the net profit after tax and dividend on preferential shares by weighted average number of equity
shares outstanding for the year.
.||·| ·| ·|· ~·| -| ·| +·|| ··| ·| ·||·| +·|| +| .|+ +··|| r ·|| |·| + ·| ·|-| .||·|·| |·| ·|| , |+|| ·| ·|· ·||·| +·-| r ·| ~-·| ·| ||·| ·||·|
·|| ||·||·|·| +·-| |· r| ·|| r : .||·| ·| ·|· ~·| -| ·| +·|| +| |-|·|| ··| |·| + ~ ·| ·| ·|+|·|| , |+|| ·| ·|·| +| ~| ·|·| ·|||··| ·| ··|| ~| · +·|
r| -| ||-| ·| ·||·| , |+|| ·| ·|·| +| ·|·|| ·| +· |+·|| ·||·|| r :
Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue equity shares
were exercised or converted during the year. Diluted earnings per share are computed using the weighted average number of
equity shares and dilutive potential equity shares outstanding at year end.
13. iii·i·ii-i, »i+lª-i+ « ·i·ii¢ ¢·i »i+lª-i+ »ilª·i ªi ·i ·il -i =ii l·il·i
ACCOUNTING FOR PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
~|, ·||¸~|, ;|·| ,·| ·| ·| ·| ·| ·||·| ¸¸·| .· “.|||·||-|, ~|+|··|+ · ·|·||~| ¸| ~|+|··|+ ~||··|·|| ” + ~-| ¬| ·| + .|||·||-| +| |r||-| ·|·||
+··|| r ·|·| ~·||·| +| |+·|| ·|-|| + +-|·|¬| ··|+| |·| ·||-| ·||·|·| r| , ·| ·|| r |+ ~||·|+ -||·| +| ·||--||r·| +·-| ||-| ·| ·||·|-|| +|
·||r·| ·|-| ·||·|·| +| |-|||-| +·-| r ·| ~| |-|·| r| , ~| · ·|·| ·||·|·| +| ·||·| +| ||·|·|-||·| .||++-|-| |+·|| ·|| ·|+ :
In conformity with AS 29, “Provisions, Contingent Liabilities and Contingent Assets” issued in this regard by the ICAI, the Bank
recognises provisions only when it has a present obligation as a result of a past event, it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation and when a reliable estimate of the amount of
the obligation can be made.
~|+|··|+ ~||··|·|| +| |-|·|| ··| ||·||·| |||··|| ·| -|r| |+·|| ·||·|| +·|| |+ ,·|+ +-|·|¬ | ··| ~|·| +| |-|·|| ··| r| ·|| |·|·| +·|| ·|| |·| -||
-|r| ·|| ·|+·||:
Contingent Assets are not recognised in the financial statements as this may result in the recognition of income that may never
be realized.
91
»-i ªi¸ ·il / SCHEDULE 18
-i =i + ªi ·i ·i -i lc··ilºi·ii / NOTES ON ACCOUNTS
-i«/Items ¹.¨¹.. +| |··||·| ¹.¨¹. +| |··||·|
As on 31.03.12 As on 31.03.11
(i) ·||~|·¸~|· ,%)·||·| -| I / CRAR (%) – Basel I 11.03 11.87
(ii) ·||~|·¸~|·|·|· I |·|| ,%) / CRAR - Tier I capital (%) 7.23 7.38
(iii) ·||~|·¸~|·|·|· II |·|| ,%) / CRAR - Tier II Capital (%) 3.80 4.49
(iv) ·||~|·¸~|· ,%)·||·| -| II / CRAR (%) – Basel II 12.35 13.71
(v) ·||~|·¸~|·|·|· I |·|| ,%) / CRAR - Tier I capital (%) 8.09 8.52
(vi) ·||~|·¸~|·|·|· II | ·|| ,%) CRAR - Tier II Capital (%) 4.26 5.19
(vii) ·||··| ·|·+|· +| ·| ·|··|||··|| +| .||·|·|·|
Percentage of the shareholding of the Government of India 65.19 68.13
(viii) |·|· II |·|| + ¬ | ·| ·||, ·|, ·|| ·| ~ ·| +| ·||·| ,+·| ÷ ` ·|)
Amount of subordinated debt raised as Tier-II capital 2375.00 2375.00
(` in Crore)
(ix) ~|· |·|·II | ·|| + ¬ | ·| ·| |, ·|, ·||·| ,+·| ÷ ` ·|)
,|·|-|·| ·| ||· ·|| ·| -| ··||· ·||·|·|| )
Amount raised as Upper Tier-II Capital (` in Crore) 1620.00 1620.00
(Of which borrowings in foreign currency) 0.00 0.00
(x) |·|·I ·||·|·||·| ~ ·| |-|·|·| + ¬ | ·| ·||, ·|, ·||·| ,+·|÷ ` ·|)
Amount raised as Tier-I Perpetual Debt Instruments 380.00 380.00
(` in Crore)
(xi) |·|·I | ·|| + ¬ | ·| ·| |, ·|, ·| ·||·||·| ~·| |·|| ~|·|·||-|| ·| ·|·
,||¸-|·||||¸·|) +| ·||·|
Amount of Perpetual Non Cumulative Preference Share (PNCPS) 1823.00 1823.00
raised as Tier I Capital
a) During the year, Bank allotted 58,18,887 equity Shares
to Government of India at an issue price of ` 82.49 per
Share and received ` 47,99,99,988.63 against allotment
of the above equity Shares. Out of this, ` 5,81,88,870
i s transferred to Share Capi tal Account and
` 42,18,11,118.63 towards Share Premium Account.
b) During the year, Bank also allotted 3,13,75,874 equity
Shares to LIC of India at an issue price of ` 82.49 per
share and received ` 258,81,95,846.26 against allotment
of the above equity Shares. Out of this, ` 31,37,58,740
i s transferred to Share Capi tal Account and
` 227,44,37,106.26 towards Share Premium Account.
2.0 Investments
2.1 The Details of investments and the movement of
provisions held towards depreciation on the investments/
Non Performing Investments of the Bank is given below:
+) |·| + ·| ·|-| ·| + -| ·||··| ·|·+|· +| ` -..4· .||·| ·| ·|· +
|-|·| ·| ·| -·| |· ¯-,-,--¯ , |+|| ·| ·|· ~|·| |·| |+¸ ~| · ·+·|
, |+|| ·| ·|·| + ~|·| -| + ·|·-| ` 4¯,··,··,·--.ö¹ +| ·||·| .||·|
+|: ,·|·| ·| ` ¯,-,--,-¯¨ ·| ·|· | ·|| ·||·| ·| ·|·||
` 4.,-,,-.ö¹ ·| ·|· .|||·|·|·| ·||·| ·| ~ ·||··| |+¸ ·|¸ r :
=i) |·| + ·| ·|-| ·| + -| ·||··||·| ·|||-| ·||·|| |-|·|·| +| ` -..4· .||·|
·| ·|· + |-|·| ·| ·| -·| |· ¹,¹,¯¯,-¯4 , |+|| ·| ·|· ~|·| |·| |+¸ r
~| · ,·| ~|·| -| + ·|·-| ` .¯-,-,·¯,-4ö..ö +| ·||·| .||·| +|
r : ,·|·| ·| ` ¹,¹¯,¯-,¯4¨ ·| ·|· | ·|| ·||·| ·| ·|·||
` ..¯,44,¹¯,¨ö..ö ·| ·|· .|||·|·|·| ·||·| ·| ~ ·||··| |+¸ ·|¸ r :
zu l-i·i ºi
z1 ·| + + |-|| ·| ¸| |-|| ·| |· ·| -·|»|·|;~-|·| + |-|| ·| + .||·| |+¸
·|¸ .|||·||-| + ··||·|«|| + ··|| · |-|·-||-| ·||· r ·
,·||·| +·| ÷ ` ·| );(Amount in ` Crore)
1. ·i¸ =i| / Capital
1.1 ·i¸ =i| ·i·ii ··i·ii »-i ·ii·i;Capital Adequacy Ratio
92
·i·i + «i ªi-i ·i·i + «i ªi-i ·i·i + «i ªi-i 11 -ii·i zu1z
-·i¸ -i·i-i ·i+i·ii »l·i+·i-i ·i+i·ii « l-i+ »i =i·i +i ·i+i·ii
·i+i·ii
Minimum Minimum Daily Outstanding
outstanding outstanding Average as on 31
st
during the year during the year outstanding March 2012
during the year
· || + ~ ·|·| ·| ·| || ·|, .||·|·| |·|
Securities sold under Repos 0.00 0.00 0.00 0.00
i) ·|·+|·| .||·|·| |·|;Government securities
ii. +|·|| · ~·| .||·|·| |·|
|·|·| · || + ~ ·|·| ·| ·|·|·| ·|, .||·|·| |·|
Corporate debt securities
Securities purchased under 0.00 0.00 0.00 0.00
reverse Repos
i) ·|·+|·| .||·|·| |·|;Government securities
ii) +|·|| · ~·| .||·|·| |·|
Corporate debt securities
-i«/Items ¹.¨¹.. +| |··||·| ¹.¨¹. +| |··||·|
As on 31.03.12 As on 31.03.11
(1) |-|| ·| +| ·| -·|;Value of Investments
(i) |-|| ·| +| ·|+-| ·| -·|;Gross Value of Investments
(a) ·||··| ·| ;In India 45038.34 41388.26
(b) ·||··| + ·||r·/ Outside India 1147.07 1736.17
(ii) ·| -·|»|·|;¸-|||~|, r ·| .|||·||-|;Provisions for Depreciation/NPI
(a) ·||··| ·| ;In India 409.60 187.86
(b) ·||··| + ·||r·/Outside India 4.32 9.29
(iii) |-|| ·| +| |-||-| ·| -·| /Net Value of Investments
(a) ·||··| ·| ;In India 44628.74 41200.40
(b) ·||··| + ·||r·/Outside India 1142.75 1726.88
(2) |-|| ·| |· ·| -·|»|·|;¸-|||~|, + .||·| |+¸ ·|¸ .|||·||-| +| ··||·|«||
Movement of provisions held towards depreciation on investments/NPI.
(i) .||· |·|+ ·| ·| / Opening balance 197.15 178.43
(ii) ·|| ÷ · |·| + ·| ·|-| |+·|| ·|·|| .|||·||-|
Add: Provisions made during the year 338.76 191.55
: ||·||-|-| -||·| +| ·||·| r ¸
By reduction of Operating Profit 4.45
: |||-|·|·| ~ ·|· + ·||·¸
By Exchange Difference 1.57
(iii) ·||¸ · |·| + ·| ·|-| ·|, ·||·| ÷|-|| ·|·||; | -|·| |+·| |+·|| ·|·||
~|·||·+·| .|||·||-|
Less: Write-off/ write-back of excess provisions during the year 128.01 172.83
(iv) ~ |·|·| ·| ·|;Closing balance 413.92 197.15
,·||·| +·| ÷ ` ·| );(Amount in ` Crore)
2.2 ª ·ii -i -i« -i ; Repo Transactions
,·||·| +·| ÷ ` ·| );(Amount in ` Crore)
93
·| . ·||·|+·|| ·||·| |-|·|| ·||· |· ·|·|· ‘|-|| ·| ·| ·|| ·| |-|·-|’ ‘· |·| ·| ,·|·’ ‘~·| ||·|·|’
~|·| -| +| ·||·|| .||·|·| |·|·|| +| ·||·|| .||·|·| |·|·|| +| ·||·|| .||·|·| |·|·|| +| ·||·||
No. Issuer Amount Extent of Extent of Extent of Extent of
Private ‘Below ‘Unrated’ ‘Unlisted’
Placement Investment Securities Securities
Grade’
Securities
(1) (2) (3) (4) (5) (6) (7)
(i) ·|.-| .+ ·|+·| / PSUs 224.11 28.64 0.00 166.21 0.84
(ii) ||·||·| ·| ··||¸ / FIs 1830.66 1650.36 183.26 486.14 569.53
(iii) ·| + / Banks 536.70 484.96 2.00 19.83 185.59
(iv) |-|·|| + |-|| / Private Corporates 977.85 747.17 86.59 330.67 151.78
(v) ~-| ·| ·||;·| ·| +·| ···|;Subsidiaries/ Joint Ventures 249.61 249.61 0.00 249.61 249.61
(vi) ~-·| ;Others 1302.11 251.12 0.00 1114.63 1292.35
(vii) =·i ·ii ·i ,i) ·| ,vi) ·|+
Sub Total (i to vi) 5121.04 3411.86 271.85 2367.09 2449.70
(viii) ·||¸ ·| -·|»|·| + .||·| |+·|| ·|·|| .|||·||-|
Less Provision held towards depreciation 226.69 0.00 0.00 0.00 4.32
(ix) ·|| ·| / Total (vii-viii) 4894.35 3411.86 271.85 2367.09 2445.38
(ii) »-i=i + ·i ªªii l·il·i+ ·i-il-il·i »-i ·ii·i l-i·i ºi / Non performing Non-SLR investments
|||··| / Particulars 31.03.2012
~·|·| ·| / Opening balance 12.31
|·| + ·| ·|-| ||·|·| -| /Additions during the year 90.76
|·| + ·| ·|-| +| |·|·|| / Reductions during the year 1.19
~ |·|·| ·| ·| / Closing balance 101.88
|+¸ ·|¸ + -| .|||·||-| / Total provisions held 52.90
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
2.3 ·i ª ªii l·il·i+ ·i-il-il·i »-i ·ii·i l-i·i ºi ªi l·i-ii·i/Non-SLR Investment Portfolio
(i) ·i ª ªii l·il·i+ ·i-il-il·i »-i ·ii·i l-i·i ºi + =iiªl+·ii »i +l ªi ª·i-ii/ Issuer composition of Non SLR investments
2.4 l·il-i·i ·i lºi·ii +l iil·i-i¸ l·i·ii -i l+¢ ·i¢ l-i·i ºi +i ªi+-i -i¸ -·i l-i--ii-i ªiiª r ·
The gross value of Investments held in different categories of securities is as under:
l·i·iªºi / Particulars 31.3.2012 31.3.2011
||·|+|·|| ·|+ ·|||··|;Held to Maturity
· .||·| ·| ·|| ;-exempted category 1597.27 1384.20
~-·|;-others 31539.23 26700.53
|·|+| r ·| ·|-|··|;Available for Sale 12870.05 15039.66
+·|||+·| r ·| ·|||··|;Held for Trading 178.86 0.04
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
2.5 Sale and transfers to/from HTM Category
The value of sales and transfers of securities to/from HTM
category has not exceeded 5% of the book value of investments
held in HTM category at the beginning of the year.
zä ¢·icl¢-i ·i ºil +i /ªi l·i+l ¢·i » ·iªºi
¸||¸·| ·| ·|| +| ;·| |·|+| ¸| ~ ·|··| +| ·| -·| |·| + ~|· ·| ·| ¸||¸·|
·| ·|| ·| ··| ·|¸ |-|| ·| + ·|r| ·| -·| + 5% ·| ~|·|+ -|r| r ~| r :
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
94
During the financial year 2011-12 there was transfer of securities
from ‘Available for Sale’ (AFS) to Held to Maturity (HTM) category
of ` 3529.69 Crores with the approval of Board of Directors
(BOD) at the beginning of the year. Depreciation amounting to
` 45.14 Crore on account of such transfer has been charged to
Profit and Loss Account.
3.0 ··i ··i--i / Derivatives
3.1 ·ii·i«i «ª +ªiª/··ii=i «ª ª·ii·i / Forward Rate Agreement/ Interest Rate Swap
3.2 l·il-i-i·i ··ii·iiª ··ii=i «ª ··i ··i·i / Exchange Traded Interest Rate Derivatives:
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
·|· / Items 2011-12 2010-11
i) ·||| +·|· +| ~|-| ·|||-|+ ·| -|·|-|
The notional principal of swap agreements 3300.00 4075.00
ii) +·|· + ~ ·|·| ·| +|· · |||·|| ;|·| ~|-|
·||·|·|| +| | ·| +·-| ·| | + |+¸ ·||-| |· ·|, ·||-| ||-|| r||-|
Losses which would be incurred if counter parties failed to
fulfill their obligations under the agreements 16.54 10.51
iii) ·||| ·| ·|||·|-| r| -| |· ·| + ;|·| ~| |-|·| ·| |||·|+
Collateral required by the bank upon entering into swaps 0.00 0.00
iv) ·||| ·| ··|·| ~ ·| ·|| |·|·| +| ·| + -·|
Concentration of credit risk arising from the swaps 0.00 0.00
v) ·||| ·|r| +| ·||·| ·| -·|
The fair value of the swap book 0.23 -3.03
+·| ·| . |||··| ·||·|
S.No. Particulars Amount
(i) |·| + ·| ·|-| .||· ·| |+¸ ·|¸ |||-|·|·| ·||||· ··||·| ·· ·| ·|·| +| ~|-| ·|||-|+ ·| -|
·||·| ,|-|·|·|||·)
Notional principal amount of exchange traded interest rate derivatives
undertaken during the year (instrument-wise)
+) \ a)
·|) \ b)
·|) \ c)
(ii) |·-|| + ¹ ·||| .¨ +| |··||·| + ~-| ·||· ·|+|·|| |||-|·|·| ·||||· ··||·| ·· ·| ·|·| +|
~|-| ·|||-|+ ·| -| ·||·| ,|-|·|·|||·)
Notional principal amount of exchange traded interest rate derivatives
outstanding as on 31
st
March 2011(instrument-wise) 0.00
+) \ a)
·|) \ b)
·|) \ c)
(iii) ¸ ·| |||-|·|·| ·||||· ··||·| ·· ·| ·|·| +| ~|-| ·|||-|+ ·| -| ·||·| ,|-|·|·|||·) ·|| ·|+|·|| r
|· ·| "~··| ·| .|·||||" -|r| r
Notional principal amount of exchange traded interest rate derivatives 0.00
outstanding and not "highly effective" (instrument-wise)
+) \ a)
·|) \ b)
·|) \ c)
(iv) ¸ ·| |||-|·|·| ·||||· ··||·| ·· ·| ·|·| +| · |-|+ ·||·||· ·| -·| ,|-|·|·|||·) ·|| ·|+|·|| r
|· ·| "~··| ·| .|·||||" -|r| r
Mark-to-market value of exchange traded interest rate derivatives
outstanding and not “highly effective” (instrument-wise)
+) \ a)
·|) \ b)
·|) \ c)
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
|·| + ~|· ·| ·| |-|· ·|+ ·| ÷-| + ~-| ·|| ·-| + |·||·| ||··||·| |·|
.¨. + ·| ·|-| ` ¹¯.·.ö· +·| ÷ +| ~ ·|··| '|·|+| + |-|¸
·|-|··|' ,¸¸+¸·) ·| ·|| ·| ||·|+|·|| ·|+ ··|-| r ·| ' ,¸·-|¸-) ·|·||
·| |+·|| ·|·||: ,·| ~ ·|··| |· ` 4¯.4 +·| ÷ +| ·| -·|»|·| -||·| ¸|
r||-| ·||·| ·| ·||·|| ·|·||:
95
3.3 Disclosures on risk exposure in derivatives
a) Qualitative Disclosures
i) The Structure and organization for management of risk in
derivatives trading:
The organization structure consists of Investment Wing at
the Corporate level which report to the Executive Directors
and Chairman & Managing Director and ultimately to the
Board. Risk Management Department is informed of the
transactions as and when they take place.
ii) The scope and nature of risk measurement, risk reporting
and risk monitoring systems:
a) The Interest Rate Swap (IRS) transactions
undertaken by the Bank are for hedging and
trading purposes. Derivative as a product is also
offered to the customer as per RBI norms. Such
transactions are undertaken as per policies of
the bank formulated based on RBI guidelines.
b) The risk is measured in the interest rate derivative
transactions depending on the movement of
benchmark interest rates for the remaining life
of the interest rate swap contracts. All interest
rate derivative transactions are included for the
purpose of ri sk measurement. The ri sk i s
evaluated and reports are placed to the CMD/
ED daily and Board periodically. Risk is monitored
based on the mark to market position of the
interest rate derivative transactions.
(iii) Policies for hedging and /or mitigating risk and strategies
and processes for monitoring the continuing effectiveness
of hedges/ mitigants:
IRS is undertaken on the actual interest bearing underlying
assets or liabilities. The notional principal amount and
maturity of the hedge does not exceed the value and
maturity of underlying asset/liability. The risk is monitored
on the mark to market basis of the outstanding interest
rate swap contracts and accordingly the effectiveness of
the hedge is determined.
Collateral required upon entering into IRS is Nil. Notional
principal amount of IRS multiplied by the relevant
conversion factor and the respective risk weight of the
counter party has been taken into account for determining
the capital requirements.
11 ··i ··i--i -i =ºi =ii l=i-i +i ii+cl+ªºi
+) ·i ºii·-i+ ?fUxefUhK
,i) ·| ·|--| -| -|· -| ·| ·|| |·|·| .|·| ·| +| ·| ·|-|| ~| · ·|-|·
·| ·|-||··|+ «|| + ~ ·|·| ·| +|·|| · ··|· |· |-|| ·| ·+ ·| r ·||
+|·| ||-|+ |-|· ·|+, ~··|-| ¸| .|·| ·| |-|· ·|+ ·|·|| ~ ·|·|· |-|· ·|+
·| ÷-| +| |·|| +··|| r : -| -|· -| + ·|·|·| ·-|+ ·||· ·| ·|| |·|·| .|·| ·|
||·||·| +| ·| ||·| |+·|| ·||·|| r :
,ii) ·|| |·|·| ·|||, ·|| |·|·| ·| |-|| ~| · ·|| |·|·| |-|·|·|-|| .|·|||-|·|| +| -| ~|
~| · ·|¬ |·
+) ·| + ;|·| |+¸ ··||·| ·· ·||| ,~|, ~|· ¸·|) ·| ·| ·||
-| -|· -| + |-| ·|||| ·||··|| ¸| +·|||+·| + .|·|| ·|-||·|
|+¸ ·||·| r : · |-+| +| · .·.| ·.·|· + ¬· -
-|.|·. · + + -|-· ÷| + ~- ·|· |·¸ ¬|. - i ·
-| -· - ·||.|·.·| + + |··|||-|· ·|| + ~|·||· |· ·|-||,
·|, ·| + +| -|||·|·|| + ~-| ·||· |+¸ ·||·| r :
,·|) ··||·| ·· ·||| ·| ||·|~| +| ·| ·| ~||·| + |-|¸
·| |·||+ ··||·| ··| + ··||·|«|| + ~|·||· |· ··||·|
·· ·| ·|-| -| -|· -| +| ·|| |·|·| ·|||| ·||·|| r : ·|| |·|·|
+| ·||| + .|·|| ·|-||·| ·|·|| ··||·| ·· ·| ·|--| -| -|· -|
+| ·|||·|-| |+·|| ·||·|| r : ·|| |·|·| +| ·| -·|| +-|
|+·|| ·||·|| r ·|·|| |·|| ~..|.|-|.;+|.|-|. + ·|·|-|
.||·||·-| ~| · |-|· ·|+ ·| ÷-| + ·|·|-| ~|||·|+ ¬ | ·|
.|··| ·| +| ·||·|| r : ··||·| ·· ·| ·|--| -| -|· -| +|
·||+ ·||+ |··||·| + ~|·||· |· ·|| |·|·| |· |-|·|·|-||
··|| ·||·|| r :
,iii) ·|| |·|·| ·| ·|||| ~| ·;·|| ··|+ ·|·|-| + |-|¸ -|||·|·|| ·|·|| ·||||
·||··||;.|·||·|+| +| |-|· ·|· .|·||||·|| |· |-|·|·|-|| ··|-| +| +|·| -|||·|
¸| .||+·||·
||··| ||·|·|| ·|| · ·|·||~| + ||··|||+ ··||·| ·||· + |-|¸ ··||·| ·· ·|||
|+·|| ·||·|| r : ~|-| ·|||-|+ ·| -|·|-| ~| · ·|||| +| ||·|+|·|| |-||r·|
||··| ||·|;· ·|·|| + ·| -·| ~| · ||·|+|·|| ·| ~|·|+ -|r| r| ·|| r : ·|+|·||
··||·| ·· ·||| ·| ||·|~| +| ·||+ ·||+ |··||·| + ~|·||· |· ·|| |·|·|
|· |-|·|·|-|| ··|| ·||·|| r ·|·|| ·|·-| ·||· ·|||| +| .|·||||·|| |-|·|| |··| +|
·||·|| r :
··||·| ·· ·||| +·-| |· ~| |-|·| · ·||· + ·| -·| r : | ·|| ~| -||
~|·|||··| +·-| + |-|¸ ·| ·| ·|·| ||·|·| -|+|·+ ·| ·| ·|| +| ·|, ··||·|
·· ·||| +| ~|-| ·|||-|+ ·| -| ·||·| ~| · .||·|||| +| ·| ·| |·|·| ·|| |·|·|
·|||··|| +| |r·||·| ·| -| |-|·|| ·|·|| r :
96
c) Other Disclosures for Interest Rate Swaps
The Bank has undertaken fixed to floating and floating to
fixed interest rate swaps on underlying assets and liabilities.
The loss of income on the above IRS will be ` 16.54 Crore
(`10.51 Crore), in case counter-parties fail to fulfill their
obligations. There is no concentration of credit risk arising
from IRS transactions undertaken as the counter-parties
are banks and the exposure is within the exposure limit
permitted.
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
+.·| . |||··|
Sl.No.Particulars 2011-12 2010-11
·| -| ·| ·|·| ··||·| ·· ·| ·|·| ·| -| ·| ·|·| ··||·| ·· ·| ·|·|
Currency Interest rate Currency Interest rate
Derivatives derivatives Derivatives derivatives
1 ·| ·|·| ,~|-| ·|||-|+ ·| -|·|-| ·||·|)
Derivatives (Notional Principal Amount) 27793.69 3300.00 28,258.60 4,075.00
+)/a) ·|||| + |-|¸ / For hedging 27793.69 150.00 28,258.60 150.00
·|)/b) +·||:|+·| + |-|¸ /For trading 0.00 3150.00 0.00 3,925.00
2 ·||+÷ ·||+ |··||·| /
Marked to Market Positions
+)/a) ~||··| ,+) / Asset (+) 84.04 0.23 23.43 0.00
·|)/b) · ·|·|| ,) \ Liability (-) 3.84 0.00 3.99 3.03
3 ~·| ¸+·|| ·|· \ Credit Exposure 988.20 35.29 853.14 45.76
4 ··||·| ·· ·| ¸+ .||·|·|·| ||·|·| -| +| ·| ·||||·| .|·||| ,¨¨*||||¨)
Likely impact of one percentage change
in Interest rate (100*PV01)
+)\ a) ·|||| ·| ·|·| |· \ on hedging derivatives
~|·|+·|·| \ Maximum NA -9.61 NA -8.79
-·| -|·|·| \ Minimum NA -1.19 NA 1.88
·|)\b) +·||:|+·| ·| ·|·| |· \ on trading derivatives
~|·|+·|·| \Maximum NA 0.36 NA -6.66
-·| -|·|·| \ Minimum NA 0.10 NA 0.60
5 |·| + ·| ·|-| ¨¨*||||¨ + ~|·|+·|·| ~| · -·| -|·|·| |-|·-||-||·|·| |· ||¸ ·|¸
Maximum and Minimum of 100*PV01 observed during the year
·||||·||··|| |· \ on hedging
~|·|+·|·| \ Maximum NA -7.76 NA -5.04
-·| -|·|·| \ Minimum NA 1.93 NA 0.99
+·||:|+·| |· \ on trading
~|·|+·|·| \ Maximum NA 0.30 NA -3.74
-·| -|·|·| \ Minimum NA 0.28 NA 3.93
·i) ··ii=i «ª ª·ii·i + l-i¢ »-·i ii+c-i
·| + -| |-||r·| ||··| ||·|·|| ~| · · ·|·||~| |· |··|· ·| ~|··|· ~| · ~|··|·
·| |·.|· ··||·| ·· ·| ·|--| |-|¸ r : ·||· +|· · |||·|| -| ~|-| ·||·|·|
| · -|r| |+¸ ·|| ·|·| +·| ··||·| ·· ·||| |· `ö.¯4 +·| ÷ ,`¨.¯
+·| ÷) +| -| +·||-| r| ·||: ··||·| ·· ·||| + ·| ·| ·| ·| |+¸ ·|¸ -| -|· -|
·| ~ ·| ·|| |·|·| +| ·| + --·| -|r| r ~| r +·|| |+ +|· · ||| ·| + r
~| · ¸+·||| ·|· ~-| ·|·| ¸+·||| ·|· ·||·|| + ·||·|· r :
=i)/b) ii-ii>ii·-i+ ii+cl+ªºi Quantitative Disclosures
97
| -|·| ·||·| ·||-|+ ~|·|·|
Standard advances restructured ··||·+·|| ~| +| ·| ··|| / No. of Borrowers 2 1141 10466
·|+|·|| ·||·| / Amount outstanding 140.95 98.01 792.70
··||·| , ·||·| ·| -·| ·| »|·|)
Sacrifice (diminution in the fair value) 0.00 1.66 0.79
| -|·| ·||·| ~|·||-|+ ~|·|·|
Sub-Standard advances restructured ··||·+·|| ~| +| ·| ··|| /No. of Borrowers 0.00 3 52
·|+|·|| ·||·| / Amount outstanding 0.00 11.84 1.20
··||·| , ·||·| ·| -·| ·| »|·|)
Sacrifice (diminution in the fair value) 0.00 0.00 0.00
| -|·| ·||·| ·| |···| ~|·|·|
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 2 1144 10518
·|+|·|| ·||·| / Amount outstanding 140.95 109.85 793.90
··||·| , ·||·| ·| -·| ·| »|·|)
Sacrifice (diminution in the fair value) 0.00 1.66 0.79
4.0 ·ilªªi ·il-i ·i ºi·i··ii / Asset Quality
4.1 »-i=i + ·ilªªi ·il-i / Non-Performing Asset
-i« \ Items 2011-12 2010-11
(i) |-||-| ~|·|·| +| ·|-|-|| ·| |-||-| ~-|·|+ ||··|||·| ,%) / Net NPAs to Net Advances (%) 1.96 1.84
(ii) ~-|·| + ||··| ||·| ,·|+-|) +| ··||·|«|| / Movement of NPAs (Gross)
,+);(a) 1 ~ .|-| +| |··||·| + ~-| ·||· ·|+-| ~-|·| + ||··| ||·| / Gross NPAs as on 1st April 3150.36 1666.43
,·|)/(b) |·| + ·| ·|-| ||·|·| -| / Additions during the year 2401.16 2729.91
-|, ~-|·|+ ||··|||·|; (Fresh NPAs) Plus Exchange Differances
,~);(A) ·|·|| ·| / Sub-total 5551.52 4396.34
,·|);(c) ·||| / Less:
(1) +| | ·--|·|-| / Upgradations 416.66 225.91
(2) |·| -|| ,·| ÷ ·|«|¸ ·|¸ ·||·| ·| +| ·|, |·| -|| +| ·| ÷+·)
Recoveries (excluding recoveries made from upgraded accounts) 658.11 433.70
(3) ·|,| ·||·|| / Write-Offs 390.55 586.37
,~|);(B) ·|·|| ·| / Sub-total 1465.32 1245.98
,·|)/(d) ¹ ·||| +| |··||·| + ~-| ·||· ·|+-| ~-|·| + ||··| ||·| ,~~|)/Gross NPAs as on 31st March (A-B) 4086.20 3150.36
(iii) |-||-| ~-|·| + ||··| ||·| +| ··||·|«|| / Movement of Net NPAs
,+);(a) ~·| ·| ·| / Opening balance 1824.55 966.28
,·|)/(b) ~|·|·| ·|·| ; Closing balance 2263.94 1824.55
(iv) ~-|·| + ||··| ||·| + |-|¸ .|||·||-| ·| ··||·|«|| ,·||-|+ ||··| ||·|·|| + |-|¸ .|||·||-| +| ·| ÷+·)
Movement of provisions for NPAs (excluding provisions on standard assets)
,+);(a) ~·| ·| ·| / Opening balance 1281.29 687.36
,·|);(b) |·| + ·| ·|-| |+¸ ·|¸ .|||·||-| ,|||-|·|·| ~ ·|· ~| · .||·|-| ·|-| +| ·| ÷+·)
Provisions made during the year (including exchange difference and write back)* 759.83 1180.30
* Exchange Differance is of ` 0.38 Crores.
,·|);(c) ·|, ·||·| ÷|-|-|| / Write-off 390.55 586.37
,·|);(d) ~ |·|·| ·| ·| / Closing balance 1650.57 1281.29
4.2 ·i -iªi ªl·i·i =rr·rr +r |·r·rººr/Particulars of Accounts Restructured
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
CDR SME Debt
Mechanism Restructuring Others
·||÷|~|· .|·||-|| ¸·|¸·|, ~ ·| +| | -|·| ·|-||
~-·|
98
4.3 »ilª·i ·i -iªi ª·i-ii + l-i¢ iil·i-i¸ l·i+ªºi/·i -iªi ª·i-ii + ·i-il +i ·i ·il ·i¡ l·i-il·i »ilª·i·ii + ··ii ª
Details of financial assets sold to Securitization / Reconstruction Companies for Asset Reconstruction
|||··| / Item 2011-2012 2010-11
(i) ·||·|| +| ·| ··|| / No. of accounts 2 62
(ii) ¸·| ·||; ~|· ·|| +| ·| | ·|¸ ·||·|| +| + -| ·| -·| ,.|||·||-| +| ·| ÷+·)
Aggregate value (net of provisions) of accounts sold to SC/RC 11.54 23.17
(iii) + -| .||·|+-| / Aggregate consideration 16.49 34.44
(iv) ·| | + |·|| ·| ~ ·||··| ·||·|| +| ·|||·| |·| -| ·|¸ ~|·||·+·| ·||·|+-|
Additional consideration realized in respect of accounts transferred in earlier years 0.00 0.00
(v) |-||-| ·|r| ·| -·| ·| ~|·|+ + -| -||·|-r||-|
Aggregate gain/loss over net book Value 4.95 11.26
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
4.4 =iªl«l ·i¡ /·i ·il ·i¡ »-i=i + l·i-il·i »ilª·i·ii + ··ii ª / Details of Non performing financial assets purchased/sold
»/A. =iªl«l ·i¡ »-i=i + l·i-il·i »ilª·i·ii + ··ii ª /Details of Non performing financial assets purchased:
l·i·iªºi / Particulars 2011-12 2010-11
,+) |·| + ·| ·|-| ·|·|· ·|¸ ·||·|| +| ·| ··||
1) (a) No. of accounts purchased during the year ·| -·|;Nil ·| -·|;Nil
,·|);(b) + -| ·|+|·||/Aggregate Outstanding —- —-
2. ,+);(a) ·|·| · ·| ·| |·| + ·| ·|-| | -|·| ·||·| ·||·|| +| ·| ··||
Of these, number of accounts restructured during the year —- —-
,·|);(b) + -| ·|+|·||;Aggregate Outstanding —- ——
»i/B. ·i ·il ·i¡ »-i=i + l·i-il·i »ilª·i·ii + ··ii ª /Details of Non performing financial assets sold:
l·i·iªºi / Particulars 2011-12 2010-11
1. ·|| ·|¸ ·||·|| +| ·|··|| / No. of Accounts sold 2 62
2. + -| ·|+|·|| /Aggregate Outstanding 17.70 97.13
3. + -| .||·|+-| .||·| /Aggregate consideration received 16.49 34.44
·|· /Item 2011-12 2010-11
·||-|+ ~||··|·|| r ·| .|||·||-| /Provisions towards Standard Assets 502.73 396.38
4.5 -ii-i+ »l:i-i ·iª iii·i·ii-i/Provisions on Standard Assets
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
5.0 +iªi ·iiª »-i ·ii·i /Business Ratios
·|· /Items 2011-12 2010-11
(i) +|·| +|·| |-||·| +| ·| -|-|| ·| ··||·| ~|·| +| .||·|·|·| / Interest Income as a percentage to Working Funds 9.07 8.25
(ii) +|·| +|·| |-||·| +| ·| -|-|| ·| ··||·| ·|· ~|·| +| .||·|·|·|
Non-interest income as a percentage to Working Funds 0.60 0.67
(iii) +|·| +|·| |-||·| +| ·| -|-|| ·| ||·||-|-| -||·| +| .||·|·|·|;Operating Profit as a percentage to Working Funds 1.74 1.96
(iv) ~||··|·|| |· ~|·| /Return on Assets 0.69 0.66
(v) .||·| +·| ||·| +|·| ·||· ,·|·|| | ~|·|·|) / Business (Deposits plus advances) per employee 11.64 +·| ÷;Cr. 10.69 +·| ÷;Cr.
(vi) .||·| +·| ||·| -||·| / Profit per employee 5.09 -||·|;lakh 4.19 -||·|;lakh
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
99
7.0 ¢+ªi·ii =iª/Exposure:
7.1 -i¸ - -- --ªi ·i«i =i >i +i =ºi/Exposure to Real Estate Sector
·| ·||/Category 2011-12 2010-11
»/a) ii··i=i ¢+ªi·ii =iª / Direct exposure
(i) ¸ ·|| ~|||·||·| ·| ||·| +| ·| ·|+ ··|+· |·¸ ·|¸ | ·| ·|· .||·|·| ·| ··||· ·|| ··||·+·|| + ··|-| ·| r ·||
r| ·|| ·|| ·|| |+·|¸ |· ·| ·|, r| ,.||·||·|+·|| .||·| -| ~| ~|·|·| ·| ·|||·|-| +·-| ·|| ··| | ·||·+ ~|||·|
~ ·| | ·|+·|· .|·|·|·| |+¸ ·||¸ )
Residential Mortgages – Lending fully secured by mortgages on residential 4562.44 5038.54
property that is or will be occupied by the borrower or that is rented;
(Individual housing loans eligible for inclusion in priority sector advances may 3161.08 3203.08
be shown separately );
(ii) |||·||··|+ ··|||· ·| |·| +| ,+|·|| -|·| ·||-|, + +· ·||-|| ··||-|, ·|r ·· ·||·| |||·||··|+ ||··|·,
·|r ||·||· ~|||·||·| ·||-|, ·|r |+·|¸ ||-| |||·||··|+ ||··|·, ··| ·| ·|| | ·|· r|··| + |-| ·||-|| ··||-|,
·| |·| ~|·|·|r·|, ||+|·| ¸| |||-|·|| ·|, ~||·) ·| ·|+ ··|+· |·¸ ·|¸ .||·|·| ·| ··||·: ¸+·||| ·|· ·| ·| ·|-||·|
~|·|||··| ,¸-|¸+·||) ·||·|| ·|| ·|||·|-| r :
Commercial Real Estate – Lending secured by mortgages on commercial 4522.79 5228.90
real estate’s (office buildings, retail space, multi-purpose commercial premises,
multi-family residential buildings, multi-tenanted commercial premises, industrial
or warehouse space, land acquisition, development and construction, etc.).
Exposure would also include non-fund based (NFB) limits;
(iii)·| ·|+ ·|·||·|·| .||·|·| |·| ,¸·|·||¸·|) ¸| ~-·| .||·|·| ·| ~·| ·| |-|| ·|
Investments in Mortgage Backed Securities (MBS) and other securitized
exposures –
+;a.~|||·||·| ; Residential, 7.93 5.25
·|;b.|||·||··|+ ··|||· ·| |·| ; Commercial Real Estate. 0.00 0.00
»i/b) ~.|··|-| ~·|;Indirect Exposure 2019.38 1917.81
·|· |·| ~|||·| ·| + ,¸-|¸|·||) ¸| r|·|·|·| +|,-| ·| + ||-|·||
,¸|¸+·||) +| |-||·| ~|·|||··| ¸| ·| ·|-||·| ~|·|||··| ~·|
Fund based and non-fund based exposures on National Housing
Bank (NHB) and Housing Finance Companies (HFCs).
-i¸ ªi ·i«i =i >i +i + -i =ºi (»+»i)/Total Exposure to Real Estate Sector (a+b) 11112.54 12190.50
6.0 Asset Liability Management - Maturity-pattern of certain items of asset and liabilities as on 31.3.2012
PARTICULARS Day 1 2 to 7 8 to 14 15 to 28 29 days Over 3 Over 6 Over 1 Over 3 Over 5 Total
days days days and up to months months year and years and years
3 months and up to and up up to up to
6 months to 1 year 3 years 5 years
·|·||/Deposits 305.46 5053.25 3504.38 4644.06 39279.33 12086.48 40565.18 13985.48 2442.65 32137.22 154003.49
~|·| ·|/Advances 1442.44 1708.89 1791.53 1494.69 9480.38 8992.83 12556.03 32697.62 12942.31 34397.32 117504.05
|·||·|
Investments 4813.75 1200.42 982.31 1070.56 8974.54 2448.55 9826.72 5048.82 1296.62 10523.12 46185.41
··||·/Borrowings 7139.01 203.50 0.00 152.62 508.75 170.83 98.31 782.89 660.88 3184.63 12901.42
||· ·|| ·| -|
~||··|·||
Foreign
Currency
Assets 960.87 1391.37 426.48 588.26 4101.62 2436.79 3757.76 1348.10 328.23 1141.68 16481.16
||· ·|| ·| -|
··|·||·
Foreign
Currency
Liabilities 69.83 1827.06 400.76 558.29 3540.21 2765.66 1426.89 3358.67 291.23 2242.56 16481.16
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
|·· |··| ·| º ·| : ·| - |··| º ·||r ·| ~ ·||r ·| |·| ·| º |·| ·| : |·| ·| + -|
|··| « |··| º ·| º ~|·|+ ·| ~|·|+ ·| ~|·|+ ·| ~|·|+ ·| ~|·|+
·|+ ·|+ |··| ·||r -| +· ~ -| +· -| +· º -| +· :
·|+ ·|+ ·||r ·|+ |·| ·|+ |·| ·|+ |·| ·|+
êu »ilª·i « ·i·ii ii·i ·i l«-ii + 11u1zu1z +i »ilª·i·ii ¢·i « ·i·ii»i +l + o -i«i +l ·ilª·i+·i·ii +i ª·i= ·i
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
100
7.2 ·i¸ =il ·ii=iiª +i ¢+ªi·ii =iª/Exposure to Capital Market
>rºr|/Particulars 2011-12 2010-11
(i) , |+|| ·| ·|· ¸ ·| ||·|·| -||·| ·|| ÷, ||·|·| -||·| |÷·| |· ~| · , |+|| ~|·|·| ·| ··| | ~-| + ÷ + ·| |-||
·| .|··|-| |-|| ·|, |·|·|+| ~|·||··| ·| |-||·| +| | ·| ·|· |-|| ·| +||| · ~·| ·| -| |+·|| ·|·|| r| ,
Direct investment in equity shares, convertible bonds, convertible debentures 525.13 503.64
and units of equity-oriented mutual funds the corpus of which is not exclusively
invested in corporate debt;
(ii) ·| ·|·| ,~|, ||~| ;, ¸·|~| || ·||r·|), ||·|·| -||·| ·|| ÷| , ||·|·| -||·| |÷·| |·| ~| · , |+|| ~|·|·| ·|
··| | ~-| + ÷ + ·| |-|| ·| |-|| ·| r ·| ·||··|| +| ·| ·|·;·|| ÷;|÷·| |· ·|| ~-·| .||·|·| |·|·|| + .||·|
·|| |-|·| ·| ~|·||· |· ~|·|·|,
advances against shares / bonds / debentures or other securities or on clean 0.02 0.12
basis to individuals for investment in shares (including IPOs/ESOPs), convertible
bonds, convertible debentures, and units of equity-oriented mutual funds;
(iii) |+-r| ~-·| .|·|| ·|-| + |-|¸ ~|·|·|, ·|r| ·| ·|· ·|| ||·|·| -||·| ·|| ÷ ·|| ||·|·| -||·| |÷·| |· ·||
, |+|| ~|·|·| ·| ··| | ~-| + ÷ + ·| |-|| +| .||·||·|+ .||·|·| |·| ·||-|| ·||·|| r ,
advances for any other purposes where shares or convertible bonds or 0.00 0.00
convertible debentures or units of equity oriented mutual funds are taken as
primary security;
(iv) |+-r| ~-·| .|·|| ·|-| + |-|¸ ··| ·||·|| ·|+ ~|·|·|, ·|| ·| ·|· ·|| ||·|·| -||·| ·|| ÷ ·|| ||·|·| -||·|
|÷·| |· ·|| , |+|| ~|·|·| ·| ··| | ~-| + ÷ + ·| |-|| +| ·| ||·| |+ .||·|·| |·| ;|·| .||·|·| ·| r| ·||-|| ·|r|
·| ·|·;||·|·| -||·| ·|| ÷, ||·|·| -||·| |÷·| |·;, |+|| ~|·|·| ·| ··| | ~-| + ÷ + ·| |-| ·| |·|--| .||·||·|+
.||·|·| |·| ~|·|·| +| | ·| ·|·r ·| ·|-|·| -| +··|| r| ,
advances for any other purposes to the extent secured by the collateral security 0.00 86.39
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;
(v) ·| ·|· ·-||-|| +| |·¸ ·||-| ||-| .||·|·| ·| ¸| ~|.|·|·| ·| ~|·|·| ·|·|| ·| ·|· ·-||-|| ¸| ·| ·|·
·| ·| -|-|+·|| ~| +| ~| · ·| ·||·| ·||· |,
secured and unsecured advances to stockbrokers and guarantees issued on 113.20 133.20
behalf of stockbrokers and market makers;
(vi) ·| ·||·|-| ·| |-| +| .|··||·|| ·| -|, + ||-|·|| +| , |+|| ·| .||·| + + ~ ·|·|-| +| | ·| +·-| + |-|¸
·| ·|·;·|| ÷;|÷·| |· ·|| ~-·| .||·|·| |·|·|| + .||·| ·|| |-|·| ·| ~|·||· |· + ||-|·|| +| ·| ·||+ ·| ~·|,
loans sanctioned to corporate against the security of shares /bonds/ debentures 0.00 0.00
or other securities or on clean basis for meeting promoter’s contribution to the
equity of new companies in anticipation of raising resources;
(vii) .|··|||·|·| , |+|| .|||r;|-|·| ·| + .||·| + ||-|·|| +| |·¸ ·|¸ | ·+ ~·|,
bridge loans to companies against expected equity flows/issues; 0.00 0.00
(viii) ·| ·|· ·|| ||·|·| -||·| ·|| ÷ ·|| ||·|·| -||·| |÷·| |· ·|| , |+|| ~|·|·| ·| ··| | ~-| + ÷ + ·| |-|| +
.||·||·|+ |-|·| ·| +| ·|||·| ·| +| ;|·| +| ·|, r|·||·|·| .||·|·|,·||,
underwriting commitments taken up by the banks in respect of primary issue of shares 0.00 0.00
or convertible bonds or convertible debentures or units of equity oriented mutual funds;
(ix) ·|||·|-| |÷·| + |-|¸ ·| ·|· ·-||-|| +| ||··||| ·|·|/financing to stockbrokers for margin trading; 0.00 0.00
(x ) | |· + ||-| + ÷ ,·|·|· |+ ·| ¸| ~·|·|· |+ ·| ·| -|| ) ·|·|| ~·|
all exposures to Venture Capital Funds (both registered and unregistered) 194.50 194.50
·i¸ =il ·ii=iiª +i + -i ¢+ªi·ii =iª /Total exposure to Capital Market 832.85 917.85
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
101
Based on the total assets of the Bank as on 31.03.2012, the
provision requirement on account of Country Exposure is Rs.
Nil. The Bank has taken a stock of its exposure in countries other
than the home country as on 31st March, 2012. The Bank's net
funded exposure in each country is below 1% of its assets.
7.4 Details of Single Borrower Limit (SBL), Group Borrower
Limit (GBL) exceeded by the bank.
A. Single Borrower Limit exceeded by the Bank:
B.Group Borrower Limit exceeded by the Bank - NIL
7.5 Unsecured Advances
|||·|;Particulars 31.03.2012 +| l=·il·i + »-i =iiª/As at 31st March 2012
·| + + + -| ~|.|·|·| ·| ~|·|·|
Total Unsecured Advances of the Bank 27636.39
(+) |·|-|·| ·| ~·|·| ·||·|·||·|·|| ·|·|| ·|,·|, -||,·| ·|, ·|||·|+|·
~||· ·|· ·||· + ·||·| ·|+|·|| ~|·|·| +| ·||·|
a) Of which amount of advances outstanding against charge
over intangible securities such as rights,licences,authority etc |-|· +;NIL
(·|) ¸ ·|| ~·| ·| ·||·|·| |·|·|| +| ~|-| ·|||-|+ ·| -·|
b) The estimated value of such intangible securities -||·| -|r|;Not Applicable
Risk Category Exposure (net) as at
31
st
March 2012
Provision held as at
31
st
March 2012
Exposure (net) as at
31
st
March 2011
Provision held as at
31
st
March 2011
-|·|··|;Insignificant ºº:«-º ºº«:
+·|;Low ::º: ~º~
·||·||-·|;Moderate º:- º:º
~|·|+;High -º ~º
~··||·|+;Very High º
·|||·|·|;Restricted
~·|·|·;Off-credit
+-iTotal «---º: º::ºº
7.3 =ii l=i-i ·i ºil·iiª + c l ¢+ªi·ii =iª / Risk Categary wise Country Exposure
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
=ii l=i-i 31 -ii·i, 2012 +l lª·il·i + 31 -ii·i, 2012 +l lª·il·i 31 -ii·i, 2011 +l 31 -ii·i, 2011 +l lª·il·i +
·i ºil lª·i·i + »-i ªiiª »-i ªiiª l+·ii ·i·ii lª·il·i + »-i ªiiª = ºi (l-i·i-i) »-i ªiiª l+·ii ·i·ii
= ºi (l-i·i-i) iii·i·ii-i iii·i·ii-i
|·-|| + ¹.¨¹..¨. +| |··||·| + ~-| ·||· ·| + +| + -| ~||··|·|| +
~|·||· |· + | ¸+·||| ·|· + ·|· ·| .|||·||-| ·| -·| r : ·| + -| ¹ ·|||
.¨. +| |··||·| + ~-| ·||· ~|-| · ·| ·| |·|--| · ·|| ·| |·¸ ·|¸ ~·|| +|
·|| | +| r : .|··| + · ·| ·| ·| + +| |-||-| |-||·|+ ¸+·||| ·|· ··|+|
~||··|·|| + ¯ ·| +·| r :
¨4 ·i + øiªi »l·i+l-i·i ¢+-i =·iiª+·ii =ºi ªil-ii (¢ªi·il¢-i),
ªi-i¸ r =·iiª+·ii =ºi ªil-ii (=il·il¢-i) + ··ii ª
(») ·i + øiªi »l·i+l-i·i ¢+-i =·iiª+·ii =ºi ªil-ii
Sl. No Name of the
Borrower
Exposure
Ceiling
Limit
sanctioned
Period during
which
limit exceeded
Amount exceeded
during the
period in col.5
Board sanction
details
Position as
on 31.03. 12
1 2 3 4 5 6 7 8
·| -·|;NIL ·| -·|;NIL ·| -·|;NIL ·| -·|;NIL ·| -·|;NIL ·| -·|;NIL ·| -·|;NIL ·| -·|;NIL
+-rr+ =·rrº+·rr ¢+ªi·ii =iª +| =r=·r|+·r ¤·r|·r,|¤r=r+ +r -r-r s -r =|--r|=r·r ·rr = +| ºJ.cº.Jº +
+r -rr-r =--r·r-r =r|-rr =ºr =r|-rr «r ºr-r =ºr =r|-rr ¤·r|·r + «r ºr-r |¤r·r-r| =r =·r|+ |·r ¤-r =rrº |=·r|·r
+r ¤|·r+-rºr r ¤r ºr|ºr +r ¤|·r+-rºr r ¤r +r ··rr ºr
(»i) ·i + øiªi »l·i+l-i·i ªi-i¸ r =·iiª+·ii ªil-ii l-iª +
¨ä »lii·i-i¸ ·i »l:i-i
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
102
8.2. Disclosure of penalties imposed by RBI.
Reserve Bank of India has not imposed any penalty on the
Bank u/s 46(4) of the Banking regulation Act, 1949
9.0. Disclosures Requirement as per Accounting Standards:
9.1 There is no material "prior period item" included in Profit &
Loss account required to be disclosed as per AS - 5 issued
by ICAI read with RBI guidelines.
9.2 Revenue Recognition
Commission earned on Letter of Credit and Guarantees
issued are recognised on realization basis as per Bank's
accounting policy which is not in accordance with AS-9.
However, the amount is insignificant.
9.3 AS - 15 -Employee Benefits
Provision for Employee Benefits viz. Pension, Gratuity,
Leave Encashment, Sick Leave, LFC/LTC, medical benefits
to retired and in service Directors and their family members
etc. has been made as per Revised Accounting Standard
(AS) -15. In terms of Limited Revision to AS-15 Employee
Benefits (Revised 2005) and guidelines notes thereon, the
Bank has decided to recognise the increase in transitional
liability over the liability that could have been recognised
as per the Pre Revised AS-15 as on 31.03.2007 as an
expense on a straight-line basis over 5 years from financial
year 2007-08. Accordingly, ` 88.69 Crore has been charged
to Profit and Loss Account towards amortisation of the
increase in liability. There is no unamortized portion as at
the end of the financial year 2011-2012 in this regard.
During the last financial year, the Bank reopened the
Pension option for such of its employees who had not opted
for Pension scheme earlier. The Bank in result incurred an
additional liability of ` 507.84 Crore due to the same. In the
last financial year too, the limit of Gratuity payable to the
employees was enhanced to pursuant to the amendment
of Gratuity Act, 1972. As a result the liability of Bank was
also increased by ` 292.51 Crore. As per RBI guidelines as
enumerated in circular no. DBOD. BP.BC. 80.21.04. 018/
2010-11 dated 09.02.2011, the Bank decided to amortise
the entire expenditure ` 800.35 Crore in five years beginning
from financial year 2010-11. Accordingly a sum of `160.07
Crore (` 160.07 Crore) is charged to Profit and Loss A/C in
terms of the requirements of the above RBI Circular. The
balance amount of ` 480.21 Crore (` 640.28 Crore) is carried
forward.
8. Miscellaneous
8.1 Amount of Provision made for Income Tax
l·i·iªºi;Particulars 31.03.2012 31.03.2011
~|·|+· + |-|¸ ·|||·||-|;Provision for Income Tax
·||··| ·| ;In India 316.08 316.78
·||··| + ·||r·/Outside India 17.77 7.34
(·||·| +·| ÷ ` ·| )/(Amount in ` Crore)
8. 8. 8. 8. 8. l·il·i·i
8. 1 8. 1 8. 1 8. 1 8. 1 »i·i+ª + l-i¢ l+¢ ·i¢ iii·i·ii-i +| ªilºi
8. 2 8. 2 8. 2 8. 2 8. 2 -ii. .. .. lª. .. .. ·i + øiªi »l·iªi l·i·i ºiil=·i·ii +i ii+c-i
·||··||·| |··|| ·| + -| ·| |+·| |||-|·|·|-| ~|·||-|·|·| 1949 +| ·||·|
46( 4) + ~·||-| ·| + ·|· +| , ·|||··| ~|·|·| |·|·| -|r| +| r :
9. 0 9. 0 9. 0 9. 0 9. 0 -i =ii -ii-i+ + »-i =iiª ii+c-i »·i =ii»
9. 1 9. 1 9. 1 9. 1 9. 1 -||·|-r||-| -| ·| ·| +| , ?~||·| ·|| ·|·? ·|||·|-| -|r| |+·|| ·|·||
r , |·|·| ·||. |·. ·| + + |··|||-|· ·|| + ·||·| ·||·| ~|, ·||¸~|,
;|·| ·||·| ¸¸·|-5 + ~-|·||· ·|+|·| |+·|| ·||-|| ~·||-|·| r:
9. 2 9. 2 9. 2 9. 2 9. 2 ªi=i=·i +i -ii-·i·ii
·||·| |+¸ ·|¸ ·||·|-·|~| ¸| ·||· |·|| ·|· ~|·|·| +·||·|-| ·| + +|
-| ·|| -|||·| + ~-| ·||· |·| -|| ~|·||· ·|· ··| +| ·||·|| r , ·||
¸¸·|-9 + ~-| ·||· -|r| r : r|-|| |+, ,·|+| ·||·| -|·|·| r :
9. 3 9. 3 9. 3 9. 3 9. 3 ¢¢=i – –– –– 15 15 15 15 15 – –– –– +-i -iiª| lr·i-ii-i
+·| ||·| |r·|-||·| ·||-|| ·| ·|-|, ··|·|-|, · ,| +| -|+·|+·|,
·||·||·| · ,|, ¸-|¸+·||/ ¸-||·||, ·| |||-|| ··| ¸| ·| ||··| |-|· ·|+|
~||· ·|·|| ·-|+ ·||·||· + ·|···|| + |-|¸ |||+··|| ·| ||·||,
~||· r ·| ·| ·|| |·|·| -| ·|| ·||-|+ (¸¸·|-15) + ~-| ·||· ·|||·||-|
|+·|| ·|·|| r : ¸¸·|-15 +·| ||·| |r·|-||·| (·|·||·|·|||·|·| 2005) ·|
|+¸ ·|¸ ·|||·|·| ·| ·|| ·|-| ~| · ··|·| ·| ·| |·|·| |··|||-|· ·| + ~-| ·||·
|-|·|·| |+¸ ·|¸ · ·|·|| ·| ·| + -| | |, +| r , |·|·| |·-|| + 31.03.2007
+| ·| | ·| ·|| |·|·| ¸¸·|-15 ·| ||··||·| |·| 2007-08 ·| ·||| |·||
·|+ |+¸ ·||-| ||-| ·|·| + ¬ ·| ·| ·||-·|·|| · -| +| |-|| ·| |+·||
·|·|| r : ·|·-| ·||·, · ·|·|| ·| | |, +| ·||··|| ·|-| +·-| + |-|¸ -||·|-
r||-| ·||·| +| `88.69 +·| ÷ ·| ·|||··| |+·|| ·|·|| r : ||··||·| |·|
2011-12 +| ·|·|||··| ·|· ,·|·| ·| ·| |·|·| +| , ~·||··|| |·|·| ~ ·|
-|r| r :
|·|·-| ||··||·| |·| + ·| ·|-| ·| + -| ¸ ·| +·| |||··|| + |-|¸ ·| ·|-|
+| ||+-·| |+· ·| ·| ¬ |+·|| r , |·|-r|-| ·|| ·| ·|·|-| ·||·|-|| +
|-|¸ ||+-·| -|r| |··|| ·||: ,·|+ +|·| ·| + +| ` 507.84
+·| ÷ +| ~|·||·+·| · ·|·|| +| |r-| +·-|| ·|÷| r : |·|·-| ||··||·|
|·| ·| ·|| +·| |||··|| +| |·¸ ·||-| ||-| ··|·|-| +| ·||·|| +|
··|·|-| ~|·||-|·|·|, 1972 ·| ·| ·|| ·|-| + ~-| ·||· ·| ·|| |·|·| |+·||
·|·|| ·||: ,·|+ +|·| ·|| ·| + +| · ·|·|| ·| ` 292.51 +·| ÷ +|
| | , r , : ·| | ··| | ·| | ··| | · | + + · | | ·· | ~| + ·| | +
÷|·||~| ÷|.·||·||.·|||.80.21.04.018/2010-11 |·-|| + 09. 02. 2011
+ |-|· ·|| + ~-| ·||·, ·| + -| ` 800. 35 +·| ÷ +| ,·| ·| ·| ·||·|
+| ||··||·| |·| 2010-11 ·| ·||· ·| +·+ ·|| | |·|| ·| ·||··|| |·|·|
+·-| +| |-|| ·| |+·||: ,·|| ·|+|· ·||··||·| |··|| ·| + + ·+·|
·||··|~| +| ~·| -||~| + ~-| ·||· ` 160.07 +·| ÷ (`160.07
+·| ÷) +| ·||·| ·| -||·|-r||-| ·||·| +| ·||·|| ·|·|| r : ·| ·|
`480.21 +·| ÷ (`640.28 +·| ÷) +| ·||·| +| ~·|·|||··| |+·||
·|·|| r :
103
|-||·|+;FUNDED ~|-||·|+;UNFUNDED
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| |-|· ·|+| +|
-|+·|+·| ¸-||·|| · ,| |||+··|| ·|·| ||·||
Pension Gratuity Leave LFC/ LTC Sick Leave Med. Benefits to
Encashment Directors
·||· |·|+ ·||·|·|
Opening Obligation 3066.66 744.64 252.24 22.51 7.55 0.17
||-| ·| || -||·|·|
Current Service Cost 178.22 33.37 41.96 --- 2.04 0.00
··||·| -||·|·|
Interest Cost 260.66 59.12 21.44 1.91 0.64 0.02
·|···| |r·|-||·|
Benefit Paid (324.73) (98.16) --- --- --- ------
·||·|| |++ r||-|/( -||·|)
Actuarial Loss/(Gain) 69.84 81.10 (34.54) 0.87 (2.05) 0.10
~ |·|·| ·||·|·|
Closing Obligation 3250.65 820.07 281.10 25.29 8.18 0.29
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
` 160.07 +·| ÷ (`160.07 +·| ÷) + ~|·||·+·| `584.17 +·| ÷
( ` 461. 84 +·| ÷) +| ·||·| ||-| |·| +| · ·|·||~| + ¬ ·| ·|
-||·|-r||-| ·||·| ·| ·||, ·|, r , |·|·|·| +·| ||·| |r·|-||·| ·|
·| ·| |·|·| · ·|·||~ ·|||·|-| r :
In addition to ` 160.07 Crore (` 160.07 Crore), an amount
of ` 584.17 Crore (` 461.84 Crore) which includes liability
for the employees benefits, has been charged to Profit and
Loss Account towards current year's liabilities.
iiiª l-i+ ¢·i » l·i-i «il·i··i- -- --ºi ·i +i l-i-ii-i : / Reconciliation of opening and closing balances of obligations:
iiiª l-i+ ¢·i » l·i-i ·ii =i-ii »il=·i ºi ·i +i l-i-ii-i / Heccoc|||at|co ct cµeo|oq aod c|cs|oq ca|aoces ct µ|ao assets:
(·||·| +·| ÷ ` ·| )/(` in Crore)
·| ·|-|;Pension ··|·|-|;Gratuity
·|| ·|-|| ~||··| +| ·||· |·|+ ·| -·|
Opening Value of Plan Assets 2316.81 450.27
·|| ·|-|| ~||··| ·|· ·|··|||·|·| ·||·|+-|
Expected Return on Plan Assets 210.60 43.22
~ ·|·|-|
Contributions 892.27 406.49
·|···| |r·|-||·|
Benefits Paid (324.73) (98.16)
·||·|| |++ -||·|/( r||-|)
Actuarial Gain/(Loss) (139.70) 16.41
·|| ·|-|| ~||··| +| ~ |·|·| ·| -·|
Closing Value of Plan Assets 2955.25 818.23
104
-ii-i- -- --ril-i -i =ii l·i·iªºi -i -ii-·i·ii iii··i ··i·i;Expenses Recognized in Statement of Profit & Loss Account
(·||·| +·| ÷ ` ·|)/(` in Crore)
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| · ,| |-|· ·|+|
-|+·|+·| ¸-||·|| +| |||+··||
·|·| ||·||
Pension Gratuity Leave LFC / LTC Sick Medical
Encashment Leave Benefits
to Directors
||-| ·| || -||·|·|
Current Service Cost 178.22 33.37 41.96 --- 2.04 ---
··||·| -||·|·|
Interest Cost 260.66 59.12 21.44 1.91 0.64 0.02
·| | ·| ||~| +| -||·|·|
Past Service Cost ----
·|| ·|-|| ~||··| ·|· ·|··|||·|·| ·||·|+-|
Expected Return on Plan Asset (210.60) (43.22) --- --- --- ---
|·| ·| ·||-·|·|| ·||··| ·| ,
·||·|||++ r||-|/( -||·|)
Net Actuarial Loss/ (Gain)
Recognized in the Year 209.54 64.69 (34.54) 0.87 (2.05) 0.10
-||·|-r||-| |||·| ·| ·||-·|·|| ·||··| ·|·|
Expenses Recognized in
Statement of Profit/Loss 437.82 113.96 28.86 2.78 0.63 0.12
=i-ii·ii-i+ ·i ·i|-ii l++ -ii-i/ // // ril-i;Actuarial Gain/Loss Reconciled
(·||·| +·| ÷ ` ·| )/(` in Crore)
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| · ,| |-|· ·|+|
-|+·|+·| ¸-||·|| +| |||+··||
·|·| ||·||
Pension Gratuity Leave LFC / LTC Sick Medical
Encashment Leave Benefits
to Directors
|·| + |-|¸ ·||·|| |++ r||-|/
(-||·|)- ·||·|·|
Actuarial Loss/(Gain)
for the Year - Obligation 69.84 81.10 (34.54) 0.87 (2.05) 0.10
|·| + |-|¸ ·||·|| |++ -||·|/
(r||-|) – ·|| ·|-|| ~||··|
Actuarial Gain/(Loss)
for the Year - Plan Asset (139.70) 16.41 --- --- --- ---
|·| + |-|¸ + -| r||-|/( -||·|)
Total Loss /(Gain) for the Year 209.54 64.69 (34.54) 0.87 (2.05) 0.10
·||·|||++ r||-|/( -||·|)
|·| ·| ·||-·|·|| ·||··|
Actuarial Loss/(Gain)
Recognised in the Year 209.54 64.69 (34.54) 0.87 (2.05) 0.10
105
=i ºii ·i-i- -- --·i¸ ·i ¢¢=i- 15 - 15 - 15 - 15 - 15 « -i«iª| =i »l·i+ =i +-iºi+i-i|-i « -i«iª| ( (( ((=ii·il·i =ºi) )) )) ( (( ((·i·i 2007- 08 2007- 08 2007- 08 2007- 08 2007- 08 =i iiiª -i +ª 2011- 12 2011- 12 2011- 12 2011- 12 2011- 12 ·i+ 5 55 55 ·i·ii -i ·ilªºii l·i·i l+¢
=ii-i r ·i ) )) ))/Transitional Liability (TL) in excess of Pre-revised AS-15 liability ( to be amortised in 5 years commencing from the
year 2007-08 and ended on 2011-12)
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| · ,| |-|· ·|+|
-|+·|+·| ¸-||·|| +| |||+··||
·|·| ||·||
Pension Gratuity Leave LFC / LTC Sick Medical
Encashment Leave Benefits
to Directors
·| ·|| ·|-|-·| | ¸¸·|-15 · -|·|·|
·| ~|·|+ ·| +·||+|-||-| · -|·|·|
Transitional Liability (TL)
in excess of Pre-revised AS-15 liability 293.18 66.92 56.54 20.79 6.00 ---
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
·| ·|-| ··|·|-|
Pension Gratuity
· ·|·||~| ·| ·| ·|| ·|-| ·| ·||||·|
Liability subjected to amortization 507.84 292.51
-||·|-r||-| |||·| ·| ·||-·|·|| ·||··| ·| ·|| ·|-|-·||
¸¸·|-15 · ·|·|| ·| ~|·|+ ·| +·||+|-||-|
· ·|·|| +| 1/ 5 ·||·| ·||··|| |·|·| ·||·|
Amortisation amount being 1/5th
of Transitional Liability in excess of
Pre-Revised AS-15 liability recognized
in Statement of Profit / Loss 58.64 13.40 11.29 4.16 1.20 ---
·| ·|-| + |-|¸ |;·||·| ||+-·| r ·| · ·|·||
·| | |, ~| · ·| ||··| +·| |||··|| +| ·|||·|
··|·|-| ·||·|| ·| ||, +| 1/ 5 ·||·|
·||··|| |·|·| ·||·|
Amortised amount being 1/5th of
increase in liabilities for second
option for pension and enhancement
of gratuity limit in respect of employees
in service 101.57 58.50 --- --- --- ---
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| · ,| |-|· ·|+|
-|+·|+·| ¸-||·|| +| |||+··||
·|·| ||·||
Pension Gratuity Leave LFC / LTC Sick Medical
Encashment Leave Benefits
to Directors
31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 +i =i ·iiª·i +-i -iilª·ii +i ·i ºi-i + l-i¢ lø·i|·i l·i+-·i « -i ·i·ii =·i«i-i =i|-ii +i ` 3. 5 3. 5 3. 5 3. 5 3. 5 -ii=i =i ·i«i+ª ` 10 10 10 10 10 -ii=i ·i lq +ª-i r ·i
« ·i·ii -i ·i lq »i ª ( (( ((·i·i 2010- 11 2010- 11 2010- 11 2010- 11 2010- 11 =i iiiª -i +ª 5 55 55 ·i·ii -i ·ilªºiil·i·i l+¢ =ii-i r·i ) )) ))
Increase in liabilities for second option for Pension and enhancement of gratuity limit from ` 3.5 lacs to ` 10 lacs in respect
of employees in service as on 31.03.2011 (To be amortized in 5 years commencing from the year 2010-11)
106
·i -i-i- -- --·i>i -i -ii-·i·ii iii··i ªilºi;Amounts Recognized in the Balance Sheet
(·||·| +·| ÷ ` ·| )/(Amount in ` Crore)
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| · ,| |-|· ·|+|
-|+·|+·| ¸-||·|| +| |||+··||
·|·| ||·||
Pension Gratuity Leave LFC / LTC Sick Medical
Encashment Leave Benefits
to Directors
31. 03. 2012 +| |··||·| + ~-| ·||·
·||·|·| +| |·| ·||-| ·| -·|
Present Value of Obligations
as at 31.03.2012 3250.65 820.07 281.10 25.29 8.18 0.29
31. 03. 2012 +| |··||·| + ~-| ·||· ·|| ·|-||
~||··|·|| +| ·||·| ·| -·|/ ·|||·||-| +| ·||·|
Fair Value of Plan Assets/Amount
of Provision held as at 31.03.2012 2955.25 818.23 252.24 22.51 7.55 0.17
·| -|-|-·|~| ·| ·||-·|·|| ·||··| |-||-|
· -|·|·|/( ~||··|)
Net Liability/(Asset) recognized
in the Balance Sheet 295.40 1.84 28.86 2.78 0.63 0.12
+ -- ·|·+|· +| ·||·|·| |·|·|| · ·|··| ·|·+|· +| ·||·|·| |·|·||
Central Government & State Government Securities 43.98
·||| ·||-|+ -| ~| + ··|+·| + ·|| ÷ ~||·
PSU Bonds etc. 42.06
||·|·| ·|·|| |-|· +
Special Deposit NIL
~-·| ~||··|·||
Other Assets 13.96
+ -|;Total 100.00%
Investment Details:
a) Investment with LIC of India for Gratuity Fund - 100%
b) Major Categories of Plan assets as percentage of Fair Value
in respect of Pension Fund
l-i·i ºi + ··ii ª
(+) ··|·|-| |-||·| + |-|¸ ·||··||·| ·|||-| ·||·|| |-|·|·| ·| |-|| ·|-100%
(·|) ·| ·|-| |-||·| +| ·|||·| ·||·| ·| -·| + ·||·|·|·| + ¬·| ·| ·|| ·|-||
~||··|·|| +| ·|·| ·| ·| ||·||
-i¸ -i ·i|-ii l++ »-i -ii-i/Þr|oc|µa| Actuar|a| Assuæµt|cos :
·| ··| ·· ·|||-|+|;Mortality Rate Table ·|||-| ·||·|| |-|·|·|;LIC(1994-96)
~|·|||·|·|| ~|·| ;Superannuation Age 60 |·| ;60 Years
·|·|·|·| | ·| |||-|| |·| ~| · ||+-|| ·|·||;Early Retirement & Disablement 10 ·||·||·| ·||·| r·||·/10 Per Thousand Per Annum
45 |·| +| ~|·| ·| ~|·|+ + 6/ 6 Above age 45
29 ¸| 45 |·| + ·||| + 3/ 3 between 29 and 45
29 |·| ·| +·| ~|·| + 1/ 1 below age 29
|··||·|·|| ··/Discount Rate 8.50 %
·| -|·+||·| ··/Inflation Rate 5.00 %
·|| ·|-|| ~||··| ·|· ·||·|+-|;Return on Plan Asset 9.09% ( ·| ·|-| r ·| ;For Pension )
9.60% ( ··|·|-| r ·|/For Gratuity )
·| ·| ·||+·| ·|||-|;Remaining Working Life 9 |·| ;Years
·|·| +·| ·| ~|/Formula Used ~-| ·|||-|·| ·| |-| + + |÷ ·||,·|;Projected Unit Credit Method
107
(·||·| +·| ÷ ` ·| )/(Amount in ` Crore)
·|·| +|··|| · / r| -|·| -| ·| |+·| |· -| ·| |+·| ~-·| ·| |+·| ·||·||-|-| ·|| ·|
Business Treasury Corporate/Wholesale Retail Banking Other Banking Total
Segment Banking Operations
|||·| ||-| |·| ||-| |·| |·|·-| |·| ||-| |·| |·|·-| |·| ||-| |·| |·|·-| |·| ||-| |·| |·|·-| |·|
Particulars Current Previous Current Previous Current Previous Current Previous Current Previous
Year Year Year Year Year Year Year Year Year Year
·||·||·|
Result 367.61 334.22 489.09 379.57 240.44 178.12 53.12 52.65 1150.26 944.56
~-||·| |·|
·|·|
Unallocated 0.00 0.00
Expenses
·||·||-|-| -||·|
Operating
Profit 2811.42 2694.96
~|·|+·
Income Tax 41.59 38.02
~·||·||-·|
-||·|/ r||-|
Extraordinary 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit/Loss
|-||-| -||·|
Net Profit 1108.67 906.54
~-·| ·| |-||
Other
Information
·| ·|·|
~||··|·||
Segment 61288.83 61387.33 92303.48 79515.98 26906.09 22495.14 0.00 0.00 180498.40 163398.45
Assets
~-||·| |·|
~||··|·||
Unallocated 0.00 0.00
assets
+ -| ~||··|·||
Total Assets 180498.40 163398.45
·| ·|·|
· ·|·||¸
Segment 50799.85 49019.18 100425.06 89156.74 29273.49 25222.53 0.00 0.00 180498.40 163398.45
Liabilities
~-||·| |·|
· ·|·||¸
Unallocated 0.00 0.00
Liabilities
+ -| · ·|·||¸
Total 180498.40 163398.45
Liabilities
9.4 =i ·i-i c lª·ii lc·i/Segment Reporting
-ii·i- -- --» +iªi ·iiª =i ·i-i c/Part A: Business Segment
108
9.5 Related Party Disclosures:
a) Key Management Personnel
i) Chairman and Managing Director
Shri Arun Kaul (From 01.09.2010)
ii) Executive Directors
Shri Ajai Kumar ( Till 30.09.2011)
Shri N.R. Badrinarayanan (From1-9-2010)
Shri S. Chandrasekharan (From 01.10.2011)
b) Transactions with Key Management Personnel
(·||·| -||·| ` ·|)/ (Amount in ` lakh)
·|·| ·| ·|·| ·|-| +||·|+ ~||·| ·|· ·||·|
Key Management Period Items Amount
Personnel
·|| ~· | +| -| 01. 04. 2011 ·| ·|||··||·|+,
~··|-| ¸| ·|·| ·| |-|· ·|+ 31. 03. 2012 ·||·-||··|·|| ¸| ·|| ··||r-|
Shri Arun Kaul 01.04.2011 to Remuneration, 14.61
CMD 31.03.2012 perquisites & Incentive
·|·||;Deposits 25.36
·| +| ·| + + ·| ·|· ·| |-|| ·| (·| .)
Investments in UCO Shares 0.00
·||··| ··||·| /Interest Received 1.76
··||·/Borrowings 0.00
·|| ¸-|.~|·. ·|-|-||·|·||-| 01. 04. 2011 ·| ·|||··||·|+,
+|·| ·||-|+ |-|· ·|+ 31. 03. 2012 ·|+ ·||·-||··|·|| ¸| ·|| ··||r-|
Shri N.R. Badrinarayanan 01.04.2011 to Remuneration, perquisites
ED 31.03.2012 & Incentive 12.58
·|·||;Deposits 10.71
·| +| ·| + + ·| ·|· ·| |-|| ·| (·| .)
Investments in UCO Shares 0.00
·||··| ··||·|/Interest Received 0.24
··||·/Borrowings 0.00
·|| ¸·|. |--·| ·|·- 01. 10. 2011 ·| ·|||··||·|+,
+|·| ·||-|+ |-|· ·|+ 31. 03. 2012 ·|+ ·||·-||··|·|| ¸| ·|| ··||r-|
Shri S. Chandrasekharan 01.10.2011 to Remuneration,
ED 31.03.2012 perquisites & Incentive 6.16
·|·||;Deposits 0.90
-ii·i- -- --»i : :: :: -ii ·ii l-i+ =i ·i-i c / Part B: Geographic segment
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
|||·|;Particulars · ·||;Domestic ~ ·|··|· |·|;International ·|| ·|;Total
||-| |·| |·|·-| |·| ||-| |·| |·|·-| |·| ||-| |·| |·|·-| |·|
Current Year Previous Year Current Year Previous Year Current Year Previous Year
·|·|·|;Revenue 15294.66 12042.33 303.26 253.88 15597.92 12296.21
~||··|·|| ;Assets 167351.10 153268.46 13147.30 10129.99 180498.40 163398.45
9.5 =i ·i l·i·i ·iici ?fUxefUhK·
+) ii-i =i ii·i ·i-i +il-i+
|j »··i=i ¢·i ii·i ·i l-i« ºi+
·|| ~·| +| -| (|·. 01.09.2010 ·|)
||j +i·i ·ii-i+ l-i« ºi+·iºi
·|| ~·|·| + ·||· (|·. 30.09.2011 ·|+)
·|| ¸-|.~|·. ·|-|-||·|·||-| (|·. 01.09.2010 ·|)
·|| ¸·|. |--·| ·|·-| (|·. 01.10.2011 ·|)
·|) ii-i =i ii·i ·i-i +il-i+i + =ii·i -i -i-« -i
( .)
Investments in UCO Shares 0.00
/Interest Received 0.01
0 0 . 0 s g n i w o r r o B /
01.04.2011 ,
30.09.2011
Shri Ajai Kumar, EX-ED 01.04.2011 Remuneration,
2 4 . 6 e v i t n e c n I & s e t i s i u q r e p 1 1 0 2 . 9 0 . 0 3 o t
2 8 . 2 1 s t i s o p e D
( .)
Investments in UCO Shares 0.00
/Interest Received 1.19
0 0 . 0 s g n i w o r r o B /
As compiled and certified by the management
Key Management Period Items Amount
Personnel
c) Associates
Regional Rural Banks sponsored by the Bank are as under:
i) Jaipur Thar Gramin Bank
ii) Kalinga Gramya Bank
iii) Bihar Kshetriya Gramin Bank
iv) Mahakaushal Gramin Bank
v) Paschim Banga Gramin Bank
d) The transactions with Associates have not been disclosed
in view of Para -9 of the 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 Enterprises
9.6 . EARNINGS PER SHARE (EPS):
Basic & Diluted EPS after Extra-ordinary item: ` 15.02 per
share
·i) =ir·ii ·i|
·| + ;|·| ·||·|| |·|·| -| ~||·| ·||·||| ·| + |-|·-||-| ·||· r
, ·|·|·| · ·||· ·||·||| ·| +
, +|-|·| ·||··| ·| +
, |·|r|· -| ~||·| ·||·||| ·| +
», ·|r|+| ·|-| ·||·||| ·| +
», ·|··- ·|·| ·||·||| ·|+
·i) ·|r·|| |·|·|| + ·||·| -| -|-· -| +| ·|+-| ¸¸·|-18, ‘‘ ·|·||·|·| ·|||
·|+-| + ·| ·|-9 + ·|· -|·|· -|r| |+·|| ·|·|| r +·|| |+ ··|·|
·|··| |-|·| |~|·| ···|| +| ¸ ·|| ~-·| ·| ·| |·|·| ·|||·|| + ·||·|, ·||
·|·| ·|··| |-|·| |~|·| ···| r, |+¸ ·||-| ||-| -| -|-· -| ·| ·| ·|| ·|+-|
+·-| ·| · |··|| ·|·|| r :
9.6. iil·i ºi ·iª »=i -i (; ·i|¢=i):
~·||·||·| ·|· + ·||· ·| -| ¸| ÷|,-| ÷ ·||·| ·| ·|· ~·| -|· ·||·| ·| ·|·
` 15.02
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
31.3.2012 31.3.2011
, |+|| ·| ·|··||·+| + |-|¸ ··|-|··| +·
+ ·||· |-||-| -||·| (+·| ÷ ` ·| )
Net profit (` in crore) after tax
available for equity shareholders 942.73 787.29
, |+|| ·| ·|·| +| ·| ··||
Number of equity shares 66,47,12,240 62,75,17,479
·|| |·|·|·|||··| , |+|| ·| ·|·| +| ·| ··||
Weighted Number of equity shares 62,77,20,729 55,08,58,911
·||·| ·| ·|· ·|| + |·|+ ·| -·| (·||·| ` ·| )
Nominal Value per Share (Amount in `) 10.00 10.00
·||·| ·| ·|· ·| |·|+ ¸| ÷|,-| ÷ ~·| -| (·||·| ` ·|)
Basic & Diluted Earnings per Share (Amount in `) 15.02 14.29
iil·i ºi ·iª »=i -i (; ·i|¢=i) +i ·ilª+-i-i / Calculation of EPS
110
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
|||·| |·-|| + 31. 03. 2012 +| |·-|| + 31. 03. 2011 +|
|··||·| + ~-| ·||· |··||·| + ~-| ·||·
Particulars As on 31.03.2012 As on 31.03.2011
»i=·il·i·i +ª »il=·i·ii ;Deferred Tax Assets
~|·| -| ·||, ·|, r||-|/Carried forward loss 397.26 258.23
· ,| + -|+·|+·| + |-|¸ ·|||·||-|;Provision for leave encashment 91.22 83.79
·||·| ·| -·| ·| »|·|/Diminution in fair value 65.01 61.01
| ·|-| ·| ·|| ·|-| + |-|¸ ·|||·||-|/ ¸¸·|-15/ Provision for wage revision/AS-15 11.65 165.79
·||-|+ ~||··|·|| + |-|¸ ·|||·||-|;Provision for Standard Assets 154.73 ----
~|-| ~||··|·|| ·|· ·| -·|»|·|/Depreciation on Fixed Assets 14.60 9.94
+·|/ ~|+|··|+ · ·|·|| ~||· + |-|¸ ·|||·||-|Provision for Fraud/Contingent liability etc. 28.70 26.83
·ii ·i·/TOTAL : 763.17 605.59
(·||·| +·| ÷ ` ·| )/(Amount in ` Crore)
|||·| |·-|| + 31. 03. 2012 +| |·-|| + 31. 03. 2011 +|
|··||·| + ~-| ·||· |··||·| + ~-| ·||·
Particulars As on 31.03.2012 As on 31.03.2011
»i=·il·i·i +ª « ·i·ii¢ ;Deferred Tax Liabilities
¸¸·|-15 + ~-| ·||· +·| ||·| |r·|-||·| +| ~·||··|| |·|·| ~ ·|
Unamortized portion of employees 155.83 29.46
benefit as per AS-15
·||r·|| ¸| ~|·| +· + ·||| |-|| ·| ·| -·| ·| ~ ·|·
Difference in Investment valuations 413.98 461.70
between books and Income Tax
·ii·i·/TOTAL: 569.81 491.16
»i=·il·i·i +ª »il=·i·ii ( (( ((l-i·i-i) )) ))/Deferred Tax Assets (Net) 193.36 114.43
9.7 As the Bank does not have Subsidiaries or controlling
interest in Associates/Joint Ventures, AS 21 relating to
Consolidated Financial Statements, AS 23 relating to
Accounting for Investments in Associates in Consolidated
Financial Statements and AS 27 relating to Financial
Reporting of Interest in Joint Ventures issued by the ICAI
are not applicable to the Bank.
9.8 Taxes on Income
a) During the year net amount of ` 78.93 Crore (` 30.51 Crore)
has been recognised as Deferred Tax Asset as per
accounting standard AS-22. However, DTA on carried
forward loss as per return to the extent of ` 120.51 Crore
(` 371.27 Crore) has gone for appeal, has not been
recognised on account of prudence.
9.7 | |+ ·|r·|| |·|·|| / ·| ·| +·| ···|| ·| ·| + +| ·|r·|| ·|| ·|| |-|·| ~|+
|r·| -|r| r , ~·|· ~|, ·||¸~|, ;|·| ·||·| ·|·| |+·| ||··||·| |||·|
·| ·| ·| |·|·| ¸¸·| 21, ·|·| |+·| ||··||·| |||·| ·| ·|r·|| |·|·|| ·|
|-|| ·| + |-|¸ -| ·|| ·| ·| ·| |·|·| ¸¸·| 23 ~| · ·| ·| +·| ···|| ·|
|r·| +| ||··||·| |··|| |·| ·| ·| ·| |·|·| ¸¸·| 27 ·| + ·|· -||·| -|r|
r :
9.8 »i·i ·iª +ª
+) |·| + ·| ·|-| -| ·|| ·||-|+ ¸¸·|-22 + ~-| ·||· ` 78.93 +·| ÷
(`30.51 +·| ÷) +| |-||-| ·||·| +| ·|r||-| ÷ +÷ +·| ¸·| +
¬ ·| ·| +| ·|, r : ·|·|||·|, |·-| + ~-| ·||· ~|·| -| ·||, ·|,
`120.51 +·| ÷ (`371.27 +·| ÷) +| r||-| ·|· ÷ +÷ +·| ¸·|
+ |-|¸ ~·||-| +| ·|, r, -| |+-| ||| +·| | ·||-|· ÷| + ~-| ·||·
··| ·||+|· -|r| |+·|| ·|·|| r :
111
b) In accordance with the "Guidance Note on Accounting for
credit available in respect of MAT under the Income Tax
Act, 1961" issued by the ICAI, the MAT credit for the current
year amounting to ` 292.26 Crore (` 286.10 crore) has been
credi ted to P&L Account under "Provi si ons and
Contingencies" by debiting MAT credit entitlement Account
since the management is of the opinion that the MAT credit
can be set off during the specified period as per the
Provisions of the Income Tax Act, 1961.
9.9 Intangible assets
Fixed Assets include computer software, which has been
considered as intangible assets as per AS-26 issued by
the ICAI. The movement in software asset is given below:
·|) ~|, ·||¸~|, ;|·| ·||·| ‘‘~|·|+· ~|·||-|·|·|, 1961 + ~·||-|
-·| -|·|·| ¸+| ·|· +· +| ·||·|·| ··|-|··| ~| r ·| -| ·|| ·| ·| ·||
|··|||-|· ·| -|| '+ ~-| ·||· ||-| |·| + |-|¸ ` 292.26 +·| ÷
(` 286.10 +·| ÷) + -·| -|·|·| ¸+| ·|· +· ~| +| -||·| ¸|
r||-| -| ·|| ·| ‘‘ ·|||·||-| ¸| ~|+|··|+·||¸ ' + ~·||-| ·|·|| |+·||
·|·|| r ~| · ··|+ |-|¸ -·| -|·|·| ¸+| ·|· +· ~| r+·|·| -| ·||
+| -||·| ÷|-|| ·|·|| r +·|| |+ ·|·| ·|-| +| ·|r ·|·| r |+ ~|·|+·
~|·||-|·|·|, 1961 + ··|·| ·|| + ~-| ·||· |||-||·· ~||·| +
·| ·|-| -·| -|·|·| ¸+| ·|· +· ~| +| ·|·| |·|·| |+·|| ·|| ·|+·|| r :
9. 9 9. 9 9. 9 9. 9 9. 9 »-i¸ ·i »il=·i·ii
~|-| ~||··|·|| ·| + ··| · ·||+| ·|· ·|||·|-| r |·|·| ~|, ·||¸~|, ;|·|
·||·| ¸¸·|-26 + ~-| ·||· ~·| ·| ~||··|·|| ·||-|| ·|·|| r : ·||+| ·|·
~||··| +| ··||·-|«|| -||| |··|| ·|·|| r ·
l·i·iªºi l«-ii + 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 +| l«-ii + 31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 +|
l=·il·i + »-i =iiª l=·il·i + »-i =iiª
Particulars As on 31.03.2012 As on 31.03.2011
|·| + ·||· ·| ·| ·|+-| ·-|| +
Gross Block at the beginning of the year 36.03 29.09
|·| + ·| ·|-| ·||·|·| -|;Addition during the year 5.11 6.94
·||¸ ~·| ·| ~||··|·|| +| ||·|| |-| ·| | ·|· ·||··|| |·|·|
Less: Retirement of intangibles fully amortised 19.76 0.00
·|| ·|;Total 21.38 36.03
·||¸ ~· ·|.. ·||··|| ·|-| (·-| ~||··|·|| +|
|-||-| ·||·| |·|-|+| ~·| ·| ·|·||-| |+·|| ·|·||)
Less: Amortization up to date
(Net of amount on assets retired) 13.70 26.58
·||¸ ~·|·||·||-·| r||-|
Less: Impairment Loss 0.00 0.00
|·| + ~ ·| ·| |-||-| ·-|| +
Net Block at the end of the year 7.68 9.45
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
·ilªºii ·i-i l«-ii + 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 +| l«-ii + 31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 +|
l=·il·i + »-i =iiª l=·il·i + »-i =iiª
Amortization As on 31.03.2012 As on 31.03.2011
·||· |·|+ ·| ·| Opening balance 26.58 17.45
·|| ÷ ~·|·||·||-·| r||-|;Add: Impairment Loss 0.00 0.00
·|| ÷ |·| + ·| ·|-| ·||-·| ·||··|| ·|-|
Add: Amortization recognised during the year 0.00 9.13
·||¸ ||·|| ||·| ~||··|·|| ·|· |||-|·|| ·|-|
Less: Appropriation on assets retired 12.88 0.00
~ |·|·| ·| ·| /Closing Balance 13.70 26.58
112
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
-ii-i- -- --ril-i -i =ii -i ··i·i ºi|·i + »·i|-i «lºi·i -ii-i¸ ·i·i -i l·io-i ·i·i
‘ ‘‘ ‘‘iii·i·ii-i ¢·i »i+l=-i+·ii»i +i l·i·-i ·iºi
Break up of 'Provisions and Contingencies shown under Current Previous
the head Expenditure in Profit and Loss Account Year Year
|-|| ·| ·|· ·| -·|»|·| + |-|¸ ·|||·||-|;Provision for depreciation on Investment 215.30 191.55
~-|·| + ~||··| + |-|¸ ·|||·||-|/Provision towards NPA 759.45 1180.65
¸-·|~|, + |-|¸ ·|||·||-|/Provision towards NPI 40.59 -0.78
·||-|+ ~||··|·|| + |-|¸ ·|||·||-|;Provision towards Standard Assets 102.01 67.85
+·|·||-| + |-|¸ ·|||·||-|
~-·| ·|||·||-| ¸| ~|+|··|+·||¸ (··|| · ·||r·|)
Provision towards Taxation 333.85 324.12
Other Provision and Contingencies (with details)
|||·|+ ·||·|-| / ~|+|··|+·||¸ / +·| / Legal Cases / Contingencies/Frauds -.29 5.89
·||·| ·| -·| ·| »|·| / Diminution in Fair Value 27.02 -0.71
~|··||·|·| +· ~||··|·||/Deferred Tax Assets -78.93 -30.51
-·| -|·|·| ¸+| ·|· +· ~| / MAT Credit -292.26 -286.10
·|+|·|| | ·|-| ·| -|·|-|| / Arrear Wage Revision 0.00 13.00
||||·| ·|||·||-| / Miscellaneous Provision 596.02 323.47
·ii ·i / Total 1702.76 1788.43
10.2 Contingent Liabilities
a) Such liabilities as mentioned at Serial No. (I) of Schedule
12 of Balance Sheet are dependent upon the judgement of
court, arbitration award, 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 and necessary provision is
made where claim against the Bank is tenable.
b) Based on various appellate decisions on identical issues /
pending approval of Committee on Disputes for pursuing
appeals, disputed demand of Income Tax, Penalty, Interest
and Interest Tax amounting to ` 90.91 Crore (` 10.66 Crore)
has been shown in Schedule 12 under Contingent Liability.
No provision has been considered necessary by the
9.10 Impairment of Assets
In view of the absence of the indication of material
impairment within the meaning of clause 5 to clause 13 of
Accounting Standard-28 "Impairment of Assets", no
impairment of fixed assets is required in respect of current
financial year.
10.0 Additional disclosures:
10.1 Provisions & Contingencies
9.10 »il=·i·ii +| »-i=i +·ii
-| ·|| ·||-|+ – 28 ‘‘~||··|·|| +| ~-|·| +·|| + ·| ÷ 5 ·| ·| ÷ 13
·|+ + ~·|| -·|·| ·| ·|||·|+ ~-|·| +·|| + -|-|| -|r| |··||, · -|
+| ·||·| +| ··||-| ·| ··|·| r ¸ ||-| ||··||·| |·| +| ·||·|·| ~|-|
~||··|·|| +| ~-|·| +·|| ~·| |-|·| -|r| r :
10.0 »l·ilª+·i ii+c-i·
10.1 iii·i·ii-i ¢·i »i+l=-i+·ii¢
10. 2 10. 2 10. 2 10. 2 10. 2 »i+l=-i+ « ·i·ii¢
+) ·| -|-|-·|~| +| ~-| ·| || 12 + +·| ·|. (1) ·| ·|·||·|--||·|·|
· ·|·||¸ +·|·|· -·||·||-|·| + |-|| ·|, ·||··|··|·| ·|||, -·||·||-|·|
·| ·|· |-|·||·|, ~·||-| + |-|·||-|, ·|| ·|| ·|, ·||·|, ·| ||·|·|·|
·||·|·| +| ·|·| , -·||·|·| r| -| ~| · ·| ·| |·|·| ·|||·|| ;|·| +| ·|,
·|| ·| ·|· |-|·| · +··|| r ·|·|| ·|r| ·| + + ||¬ , ·||| ·|+ ·| ·|·|
r| ·|| ··| |··||·| ·| ~||··+ ·|||·||-| |+·|| ·||·|| r :
·|) ·|·||-| ·| ·| ·|· |||·|--| ~·||-|| |-|| ·| + ~|·||· ·|·/ ||||· ·|·|·||
·||·||·| + ~-| ·|| ·-| +| -| |·|·| ··|·| r ¸ ~·||-| ·|· +|· ||, +·-|
r ·| ~|·|+· +| |||||··| ·|| ·|, ·|||··|, ` 90. 91 +·| ÷
( ` 10. 66 +·| ÷) + ··||·| ¸| ··||·| +· +| ~-| ·| || 12 ·|
~|+|··|+ · ·|·|| + ~·||-| ·|·|·| |+·|| ·|·|| r : ·|·| ·|-| ;|·|
,·|+| ·|||·||-| |+·|| ·||-|| ~||··|+ -|r| ·|·|÷|| ·|·|| r +·|| |+
113
Management as the matters are pending for appeal before
various competent Authorities and payments/adjustment of
`35.65 Crore (` 10.65 crore) has been included in Other
Assets in Schedule 11.
10.3 Floating Provisions
Nil
10.4 Draw Down From Reserves
There is no draw down from Reserves.
10.5 Disclosure of Complaints
A) Customer Complaints:
·| ·||·|-| |||·|--| ·|-|·| ·|||·|+||··|| + ·|·|-| ~·||-| + |-|¸
-| |·|·| r ~| · ` 35. 65 +·| ÷ ( ` 10. 65 +·| ÷) + ·| ·|·||-|/
·|·||·|| ·|-| +| ~-| ·| || 11 ·| ~-·| ~||··|·|| ·| ·|||·|-| |+·|| ·|·||
r :
10. 3 10. 3 10. 3 10. 3 10. 3 »=·ii·i| iii·i·ii-i
·| -·|
10. 4 10. 4 10. 4 10. 4 10. 4 =·i·ii ·i + +iªºi »iªl=il·i·ii -i +-i|
··|·|| ·| + +|·| ~|·|-||·|·|| ·| +| , +·|| -|r| r , r :
10. 5 10. 5 10. 5 10. 5 10. 5 lºi+i·i·ii +i ?fUxefUhK
») )) )) :iir+- -- --lºi+i·i·i :
+ |·| + ·||· ·| ·| -| |·|·| |·|+|·|·|| +| ·| ··||
A No. of complaints pending at the beginning of the year 203
·| |·| + ·| ·|-| ·||··| |·|+|·|·|| +| ·| ··|| ( 2011- 12)
B No. of complaints received during the year (2011-12) 3303
·| |·| + ·| ·|-| |-|·||, ·|, |·|+|·|·|| +| ·| ··|| ( 2011- 12)
C No. of complaints redressed during the year (2011-12) 3110
·| ·|||, 2012 +| ·|·||··| |·| + ~ ·| ·| -| |·|·| |·|+|·|·|| +| ·| ··||
D No. of complaints pending at the end of the year March, 2012 396
+ |·| + ·||· ·| ·| +|·||| -|·| -|r| |+¸ ·|¸ ~||÷ +| ·| ··||
a No. of unimplemented awards at the beginning of the year 8
·| |·| + ·| ·|-| ·| |+·| -|| +·||-| ;|·| ·|||··| ~||÷ +| ·| ··||
b No. of Awards passed by the Banking Ombudsman during the year 17
·| |·| + ·| ·|-| +|·||| -|·| ~||÷ +| ·| ··||
c No. of Awards implemented during the year 23
·| |·| + ~ ·| ·| +|·||| -|·| -|r| |+¸ ·|¸ ~||÷ +| ·| ··||
d No. of unimplemented Awards at the end of the year* 2
* 2 cases are subjudice,
B) Age wise classification of pending complaints as on
31.03.12
»i) )) )) l«-ii + 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 +| l=·il·i + »-i =iiª -i l·i·i lºi+i·i·ii +i
»·il·i·iiª ·i·ii+ªºi
30 30 30 30 30 l«-i ·i+ 31 31 31 31 31 l«-i =i -i +ª 3 33 33 -iir =i »l·i+ =i 6 66 66 -iir =i »l·i+ ·i+ ·ii ·i
3 33 33 -iir ·i+ -i +ª 6 66 66 -iir ·i+
Upto 30 days 31 days to > 3 months to > 6 months Total
3 months 6 months
96 122 80 98 396
C) Awards passed by the Banking Ombudsman:
)) )) ·i l+·i -ii +·ii-i øiªi ·iilª·i »·ii= ·
2 ·||·|-| ||||·|·||-| r,
10.6 Disclosure of Letter of Comforts
The Bank issues Letter of Comforts on behalf of its various
constituents against the credit limits sanctioned to them. In
the opinion of Management, no significant financial impact
and cumulative financial obligations have been assessed
under LOCs issued by the Bank in the past, during the
current year and still outstanding. Brief details of LOCs
issued by the Bank are as follows:
10. 6 10. 6 10. 6 10. 6 10. 6 -i +i ·i| »i·ii=i-i ·i>i +i ?fUxefUhK
·| + ~·|-| |||·|--| ·||r+| +| ~| · ·| ·-|+| ·| ·||+ ·| ~| ·||·|| + ·||·|
| +| ·|| ~|·||·|-| ·|~| ·||·| +··|| r : ·|·| ·|-| +| ·|·| ·| ·| + ;|·| ·|r-|
¸| ||-| |·| + ·| ·|-| ·||·| |+¸ ·|¸ ~| · |+-|r|-| ·|+|·|| | +| ·||
~|·||·|-| ·|~| + ~·||-| |+·|| ·|||·|+ ||··||·| ·|·||| ·|·|| ·| |·|| ||··||·|
·||··|·|| +| ~-| ·||-| -|r| |+·|| ·|·|| r : ·| + ;|·| ·||·| |+¸ ·|¸ | +| ·||
~|·||·|-| ·|~| + ·| |-|··| ··|| · |-|·-||-| ·||· r
114
10.8 Income from Bancassurance
Bank is a Corporate Agent of Life Insurance Corporation of
India for Bancassurance Life and Reliance General
Insurance Company Ltd for Bancassurance Non-Life
business. Details of income from Bancassurance is given
below:
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
+iªi ·iiª +i ii+iª ªilºi
Type of Business Amount
-||,+ +|·| ·||·
Life Business 5.90
-|| -|--||,+ +|·| ·||·
Non Life Business 2.27
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
|·| 2011- 12 + ·| ·|-| ·||·| |+¸ ·|¸ | +| ·|| ~|·||·|-| ·|~|
1 Letter of Comforts issued during the year 2011-12 5544.71
|·| 2011- 12 + ·| ·|-| ·||··|+|/ ·· |+¸ ·|¸ | +| ·|| ~|·||·|-| ·|~|
2 Letter of Comforts matured/cancelled during the year 2011-12 5686.84
|·-|| + 31. 03. 2012 +| |··||·| + ~-| ·||· ·|+|·|| | +| ·|| ~|·||·|-| ·|~|
3 Letter of Comforts outstanding as on 31.03.2012 3888.83
10.7 Provisioning Coverage Ratio
The provision coverage as on 31.03.2012 works out to 54.39
% (51.60%).
10. 7 10. 7 10. 7 10. 7 10. 7 iii·i·ii-i|+ªºi +·iª =i »-i ·ii·i
|·-|| + 31. 03. 2012 +| |··||·| + ~-| ·||· ·|||·||-| +|· ·| 54. 39%
,:~¯, r :
10. 8 10. 8 10. 8 10. 8 10. 8 cî fUtëgq hü m =i »i·i
·| +, · +|··¸ · · -||,+ +|·| ·||· + |-|¸ ·||··||·| ·|||-| ·||·||
|-|·|·| ~| · · +|··¸ · · -|| -|--||,+ + |-|¸ |·-||·| ·| ·| -|·-| , ·· · ·|
+ ·|-|| |-|. +| +|··|| · ¸·| - r : · +|··¸ · · +|·| ·||· ·| ~|·| +
··|| · |-|·-||-| ·||· r
(·||·| +·| ÷ ` ·|)/Amount in ` Crore)
·||·| ~··||·|+ ·|÷ ·|·||+·|| ~| +| + -| ·|·||·||·|·||
Total Deposits of twenty largest depositors 20525.02
·| + +| + -| ·|·||·||·|·|| +| ·| -|-|| ·| ·||·| ~··||·|+ ·|÷ ·|·||+·|| ~| +| ·|·||·||·|·|| +| ·||·|·|·|
Percentage of Deposits of twenty largest depositors to total Deposits of the bank 13.33%
10. 9 10. 9 10. 9 10. 9 10. 9 =i-ii, ,, ,, »l:i-i, ,, ,, =ºi +i =i + rºi
+) )) )) =i-iiªilºi·ii +i =i + rºi
10.9 Concentration of Deposits, Advances, Exposures
a) Concentration of Deposits
b) Concentration of Advances
=i) )) )) »l:i-ii +i =i + rºi
(·||·| +·| ÷ ` ·|)/Amount in ` Crore)
·||·| ~··||·|+ ·|÷ ··||·+·|| ~| +| + -| ~|·|·|
Total advances to twenty largest borrowers 33416.51
·| + + + -| ~|·|·| +| ·| -|-|| ·| ·||·| ~··||·|+ ·|÷ ··||·+·|| ~| + ~|·|·| +| ·||·|·|·|
Percentage of advances to twenty largest borrowers to total advances of the Bank 25.09 %
c) Concentration of Exposures ·i) )) )) =ºi +i =i + rºi
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
·||·| ~··||·|+ ·|÷ ··||·+·|| ~| / ·||r+| +| |·¸ ·|¸ + -| ~|
Total exposure to twenty largest borrowers/ customers 33590.61
·| + + ··||·+·|| ~|/ ·||r+| +| |·¸ ·|¸ + -| ~| +| ·| -|-|| ·|
·||·| ~··||·|+ ·|÷ ··||·+·|| ~| / ·||r+| +| |·¸ ·|¸ ~| +| ·||·|·|·|
Percentage of exposures to twenty largest borrowers/customers to total
exposure of the Bank on borrowers/customers 24.32%
115
10.10 Concentration of NPAs
10. 10 10. 10 10. 10 10. 10 10. 10 »-i=i + »il=·i·ii +i =i + rºi
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
··||·;Particulars 2011-12 2010-11
||· ·|÷ ~-|·| + ~||··| ·||·|| +| |·¸ ·|¸ + -| ~|
Total Exposure to top four NPA accounts 927.64 597.22
10. 11 10. 11 10. 11 10. 11 10. 11 =i >i·iiª »-i=i + »il=·i·ii
10.11 Sector wise NPAs
+. .. ..=i . .. .. =i >i =+·i =i >i +i l«¢ ·i¢ + -i »l:i-i +| ·i -i-ii -i
»-i=i + »il=·i·ii +i iil·iºi·i
Sl.No. Sector Percentage of NPAs to Total
Advances in that Sector
+ |·| ¸| ·| ·|, +|·| +-||·|
1 Agriculture & allied activities 6.47
··| ·| (·| -·| ¸| -|·| ) ·|÷||-| ¸| ·|÷
2 Industry (Micro & small)
Medium and Large 3.85
·| || -| ~|
3 Services 6.07
| ·||·+ ~|
4 Personal Loans 2.92
(·||·| +·| ÷ ` ·|)/Amount in ` Crore)
··|| ·/Particulars
|·-|| + 01. 04. 2011 +| |··||·| + ~-| ·||· ·|+-| ~-|·| + ~||··|·||
(·||· |·|+ ·| ·|)
Gross NPAs as on 01.04.2011
(Opening Balance) 3150.36
|·| + ·| ·|-| ·||·|·| -| (-|, ~-|·| + ~||··|·|| )
|||-|·|·| ~ ·|· ·|| ÷+·
Additions (Fresh NPAs) during the year
plus Exchange Difference* 2401.16
··| ·|| ·| (~)/Sub Total (A) 5551.52
·||¸ /Less:
(i) ·| ÷ ·--·|-|;Upgradations 416.66
(ii) |·| -|| (·|÷ ·|«|¸ ·|¸ ·||·|| ·| +| ·|, |·|-|| +| ·|÷+·)
Recoveries (excluding recoveries
made from upgraded accounts) 658.11
(iii) ·|, ·||·| ÷|-|-||;Write-offs 390.55
··|·|| ·| ,~|,/Sub total (B) 1465.32
|·-|| + 31 ·|||, 2012 +| |··||·| + ~-| ·||· ·|+-| ~-|·| + ~||··|·|| ,~ |·|·| ·| ·|, ,~ - ~|,
Gross NPAs as on 31st March 2012 (Closing Balance) (A-B) 4086.20
10.12 Movement of NPAs
10. 12 10. 12 10. 12 10. 12 10. 12 »-i=i + »il=·i·ii +| ·ic- -- --·i«
|||-|·|·| ~ ·|· ` 8. 52 +·| ÷ *Exchange Difference ` 8.52 Crores
116
10.16 Reconciliation:
Reconciliation of entries outstanding has been drawn upto
31.03.2012 in case of Inter-Branch Accounts and in
Inter-Bank Accounts. Elimination of entries outstanding in
Inter-Bank Accounts including Reserve Bank of India, State
Bank of India, NOSTRO Accounts etc. and in Inter-Branch
Accounts viz. drafts, suspense, branch adjustment, clearing
transactions, fund transfers, telegraphic transfers, balances
pertaining to advances paid for acquisition of assets, sundry
creditors etc. is in progress. In the opinion of the
management, consequential effect of the above on the
revenue/assets/liabilities will not be material.
10.17 Fixed Assets
a) Bank had revalued on few occasions in the past, its
premises by independent qualified valuers and the excess
of fair market value over the original cost was credited to
revaluation reserve. As on date aggregate amount of
revaluation reserve (net of revaluation relating to assets
disposed of) is ` 633.21 Crore (` 584.09 Crore) and
depreciation on the revalued portion charged to the above
revaluation reserve (net of depreciation relating to assets
disposed of) is ` 139.09 Crore (` 133.32 Crore).
b) Premises include revalued Assets with written down value
of ` 2.44 Crores (` 2.58 Crores ) in respect of which
documentation/ registration is pending.
c) Estimated amount of contracts (net of advance) remaining
to be executed on capital account and not provided for
` 11.90 Crore (` 6.36 Crore)
10.18 Break up of provision held against non-performing
advances into facility-wise, security-wise and sector-wise
is not ascertained. The same is deducted on estimated
basis from gross advances in the various categories to
arrive at the balance of net advances as stated in Schedule
9 of the Balance Sheet.
10.19 The bracketed figures indicate previous year's figures.
Previ ous year' s fi gures have been re-grouped /
re-arranged / re-casted wherever considered necessary.
(·||·| +·| ÷ ` ·|)/Amount in ` Crore)
l·i·iªºi;Particulars 2011-12 2010-11
+ -| ~||··|·||/Total Assets 13147.30 10129.99
+ -| ~-|·| + ~||··|·|| ;Total NPA's 66.49 60.19
+ -| ·|·|·|;Total revenue 303.27 253.88
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
·| ·|-|;Pension ··|·|-|;Gratuity ·|| ·|;Total
31. 03. 2012 + ~-| ·||· ~·||··|| |·|·| ·| ·|-|
Unamortised Portion as on 31.03.2012 304.70 175.51 480.21
10.13 Overseas Assets, NPA's and Revenue
10. 13 10. 13 10. 13 10. 13 10. 13 l·i« ºi l=·i·i »il=·i·ii , ,, ,, »-i=i + »il=·i·ii »i ª ªi=i=·i
10.14 Off-balance Sheet SPVs sponsored
Bank has not sponsored any SPVs.
10.15 Unamortised Pension and Gratuity Liabilities.
10. 14 10. 14 10. 14 10. 14 10. 14 ·i -i-i ·i>i =i ;·iª iii·ii l=i·i ¢=i·i|·i|
·| + -| |+·|| ¸·|·|||| +| ·||·|| |·|·| -|r| |+·|| r :
10. 15 10. 15 10. 15 10. 15 10. 15 »·ilªºii l·i·i ·i ºi-i »i ª =·i«i-i « ·i·ii¢
10. 16 10. 16 10. 16 10. 16 10. 16 l-i-ii-i
|·-|| + 31. 03. 2012 ·|+ ~ ·|·-·||·|| -| ·|| ~| · ~ ·|·-·| + -| ·||
+ ·||·|-| ·| ·|+|·|| ·||||··|| +| |·|-||-| +· |-|·|| ·|·|| r :
·||··||·| |··|| ·| +, ·||··||·| · ·| +, ·| + -|| · | -| ·|| ~||·
·||r·| ~ ·|·-·| + -| ·|| ~| · ÷ |+, ·| ·| -| ·||, ·||·|| ·|·||·|| ·|-|,
·|·||·|| ·|-| ·| ·| ·|| -| -|-· -|, |-||·| ~ ·|·|, ·||· ~ ·|·|, ~||··|·|| +
~|·|·|r| r ·| ·|···| ~|·|·| ·| ·| ·| |·|·| ·| ·|, ||||·| -| -|·|· ·| ·|
~ ·|·-·||·|| -| ·|| ·| ·|+|·|| ·||||··|| + |·|-||-| +| +|·| ·|·||·|
·|· r : ·|·| ·|-| +| ·|·| ·| ·|·|·|/ ~||··|·|| / · ·|·||~| ·|· ··|+|
+| , ·|||·|+ ·|·||| -|r| ·|÷ ·||:
10. 17 10. 17 10. 17 10. 17 10. 17 »-i-i =i ·il-i·ii
+, ·| + -| ·| | ·| +|·|·|·| ~|·|·| ·|· ~·|-| ·||··|·| +| ·| -|·| -·|-|
·|·| ~| ~r ·||·||··| -¸ -·| ++| ;|·| +·|·|| ·|| ~| · ·-|+| ·| -|
-||·|·| +| ·| -|-|| ·| ~|·|+ ·||·| ·||·||· ·| -·| +| ·| -|·| -·|-|
~|·|-||·| ·| ·|·|| |+·|| ·|·|| ·||: ~|·| +| ·||·|·| ·| ·| -|·| -·|-|
~|·|-||·| +| ,|·|+| +| ·|, ~||··|·|| ·| ·| ·| |·|·| ·| -|·| -·|-| +|
·| ÷+·, + -| ·||·| `633. 21 +·| ÷ , `584. 09 +·| ÷, r
~| · ··|·| +·| ·| -|·| -·|-| ~|·|-||·| ,|·|+| +| ·|, ~||··|·|| ·|
·| ·| |·|·| ·| -|·| -·|-| +| ·| ÷+·, ·|· ·|||··| · -- ¸ |-·. ~ ·| ·|·
·| -·|»|·| `139. 09 +·| ÷ , `133. 32 +·| ÷, r :
·|, ·||··|·| ·| `2. 44 +·| ÷ , `2. 58 +·| ÷, + ·| -·|»||·|·| ·| -·|
+| ~||··|·|| ·|||·|-| r , |·|-|+| ·|||·| ·|-| ·||+·|/ ·|·|· |+·|
+| +|·| -| |·|·| r :
·|, ·| ·||·|·| -| ·|| ·|· |·|-| ·| ||·|~| +| ,~|·|·| +| ·| ÷+·,
|-|··||·-| |+·|| ·||-|| ·| ·| r , ·-|+| ~-| ·|||-|·| ·||·| `11. 90
+·| ÷ , `6. 36 +·| ÷, r |·|·|+| ·|||·||-| -|r| |+·|| ·|·|| r :
10. 18 10. 18 10. 18 10. 18 10. 18 ~-|·| + ~|·|·|| + ·| ||·||||·, ·||·|·||·|||· ¸| -|~|||· ·|||·||-|
+| ||·-| ·|| -|r| |+·|| ·||·|| r : ·| ·|| |+ ·| -|-|-·|~| +|
~-| ·| || 9 ·| +r| ·|·|| r, |-||-| ~|·|·|| ·| ~|-| ·|||-|+ ~|·||·
·|· ·-|+| +| ·|| +| ·||·|| r :
10. 19 10. 19 10. 19 10. 19 10. 19 +| ·+| ·| |·|·-| |·| + ~| +÷ |·¸ ·|¸ r : ·|r| ·||
·|¬ ·| ·|·|÷|| ·|·|| r , |·|·-| |·| + ~| +÷| +| ·| -|: ·|·| r|+ ·|/
||-·|··|/ |-|·|| |··| |+·|| ·|·|| r :
%
-r=rr·rº|=r+r +| |º·rrc
AUDITORS’ REPORT
=i·ii -i
-iiª·i + ªi·c ·il·i
To
The President of India,
1. r·|-| ·|+| ·|+ + |·-||+ 31 ·||| , 2012 + ·|-|·-| ·|-|-|-{|~| ·|·|| ··|+ ·||·| ·{||·|, ··|| ·||·|·| +| ·|·||··| |·| + -||·|-r||-| -|·| ·|·||
-|+·| ·|||r |||·| +| -| ·||·|·|-|| +| r, |·|·|·| r·||· ;|·| -| ·||·|·||-|·| 20 ·||·||~| ¸| ¸+ +| ·| ·||·||, ~-·| -| ·||·|·|-|+| ;|·| -| ·||·|·||-|·|
1511 ·||·||~| (5 ·||| ·||·||~| ·||r·|) ·|·|| ||··|| ··||-||·| -|·||·|·|-|+| ;|·| -|·||·|·||-|·| ||··| |··|·| 4 ·||·||~| +| |||·||·|| ·|||·|-|
r: ·|+ -| r·||· ~|· ~-·| -|·||·|·|-|+| ;|·| -|·||·|·||-|·| ·||·||~| +| |·|-| ·|··||·| |··|| ·|+ ;|·| ·||·| |··|||-|··|| + ~-|·||· |+·|| r:
·| -|-|-{|~| ~| · -||·|-r||-| -| ·| ·| 856 ·||·||~| (17 ·| || ·||·||~| ·||r·|) +| |||·||·|| ·|| ·|||·|-| r , |·|-|+| -| ·||·|·|-|| -|r| +| ·|, r : ,-|
·| ·--| ·||·|·||-|·| ·||·||~| +| ·||·||·|·| ·| + + + -| ~|·|·| ·| 1.77%, ·|·||·||·| ·| 11.38%, ··||·| ~|·| ·| 1.69% ¸| ··||·| ·|·| ·| 10.21%
r : ,-| ||·||·| |||·|| +| ·||·|·| ·| + + ·|·| ·|-| ·|· r : r·||·| ·||·|·| r·||·| -| ·||·|·|-|| + ~|·||· ·|· ,-| ||·||·| |||·|| ·|· ~{|-|| ·|·| · -||
r :
We have audited the attached Balance Sheet of UCO Bank as at 31
st
March, 2012 and also the Profit and Loss Account and the
cash flow statement annexed thereto for the year ended on that date in which are incorporated the returns of 20 branches and
one Treasury Branch audited by us, 1511 branches (including 5 Service Branches) audited by other auditors and 4 foreign
branches audited by overseas local auditors. The branches audited by us and those audited by other auditors have been selected
by the Bank in accordance with the guidelines issued by the Reserve Bank of India. Also, incorporated in the Balance Sheet and
the Profit and Loss Account are the returns from 856 branches (including 17 Service Branches). These unaudited branches
account for 1.77% of Total Advances, 11.38% of Total Deposits, 1.69% of Interest Income and 10.21% of Total Interest Expenses
of the Bank. 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.
2. r·|-| ·||··| ·| ·||·||-·|·|: ·||+ ·| -| ·||·|·|-|| ·||-|+| + ~-| ·||· -| ·||·|·|-|| +| r : ,-| ·||-|+| +| ·|r ~{| -|| r |+ r·| -| ·||·|·|-|| +|
·|| ·|-||·|, ¬ ·| ·| ,·| ·|+|· ·| ·|--| +· |+ r·| ·| |··| ·|·| ¬ ·| ·| ~|·|··| r| ·|+ |+ ||·||·| |||·| ·|||·|+ ·|-|·| ·| |-|| ·| ·| ·
r : |+·|| -| ·||·|·|-|| ·| ||·||·| |||·|| ·| ·|--||·|·| ·||·| ¸| ·|+|+·| + ·|·|·| -| ·| ·||-·| +| ·|| | -|·| -|| ~|·||· ·|· |+·|| ·||-||
·|||·|-| r : |+·|| -| ·||·|·|-|| ·| ·|·| · -| ·|| ·| ·| ·|| |·|,| ·|| ·|·|| ·|·| ·|-| ;|·| |+¸ ·|¸ ·|r·|·| | ~|+-|-|| +| |-|·|| ·| +·-|| ~| · ·|·|·|
||·||·| |||·| + ·|··| ·||+·| +| ·| -·|| +-| +·-|| ·|| ·|||·|-| r : r·| ||·||·| r |+ r·||·| ·|·| +| ·| |··| · ~|·||· ·||--||r·| r :
We have 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 mis-statement. 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. ·{|·| · ·| ·| 1 ·| ·|--||·|·| -| ·||·|·|-|| +| ·||·||~| + ~··|·||-| ~| · ·| ++|·| + ·|-|| (·{|+·|| +| ~·| -| ~| · ~ ·|·|) ~|·||-|·|·|, 1970
+| ~{| -|| + ~-| ·||· ¸| ··|·| ~{| |-|·| ·|+|+·| +| ·||·||~| + ~·||-| ·r·| r ¸, r·| ·|r |··|| +··| r |+ :
Subject to limitations of the audit indicated in paragraph 1 above and as required by the Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1970 and subject to the limitation of disclosures required therein, we report that:
+) ·| ++|·| |||-|·|·|-| ~|·||-|·|·|, 1949 +| ·| ·||·| ~-| ·| || + +| ·| ‘¸ ~| · ·|| ·| +·|·|: ·| -|-|-{|~| ¸| -||·| ~| · r||-| -| ·|| ·|··| ·| |+¸ ·|¸
r :
a) The Balance Sheet and the Profit and Loss Account have been drawn up in Forms ‘A’ and ‘B’ respectively of the Third
Schedule to the Banking Regulation Act, 1949.
·|) r·|-| ¸ ·|| ·|·|| ·| |-||¸ ¸| ··|·|+·| ·||··| |+¸ r ·|| r·||·| ·||| ·|·| ·||-|+|·| ~| · ||·||·| + ~-| ·||· r·||·| -| ·||·|·|-|| + ·|·|| ·|-||·|
~||··|+ ·| ·|·|| r·|-| ·-r ·| ·|| ·|·|-|+ ·||·|| r :
b) 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.
·|) r·||·| ·||-|+|·| ·| ~|¸ ·| + + ·|·|| ·| ·||r|· ·| + +| ·||··|| + ·||·|· r :
c) The transactions of the Bank which have come to our notice have been within the powers of the Bank.
·|) ·| + +| ·||·||~|/|-|·| ~|+ +|·|| -|·|| ·|·|| ||· ·| |··|·| +|·|| -|·|| ·| ·||··| |||·||·|| r·||·| -| ·||·|·|-|| + ·|·|| ·|-||·| ·|·|| ··| ·||, ·|, r :
d) The returns received from the Branches/ Controlling and Overseas offices of the Bank have been found adequate for the
purpose of our audit.
÷) r·| ~ ·|·-·| + -| -|-· -| ·| ·| ·|| ·|+|·|| ·||||··|| + ·|·||·||-| ·|·|| ·-|+ ·|·||·|| ·|-| + +|·| -| ·|| ·|· ·|÷-| ||-| ·|·||| + ·| ·| ·| ·| ~{|-|| ·|·|
· -| ·| ~·|·|·| r : (· ·| ~-| ·| || 18 +| |··||| ·|. 10.16)
e) We are unable to express an opinion on the effect on the accounts if any due to non reconciliation and adjustment of
outstanding entries in inter-branch transactions (refer to Note No. 10.16 of Schedule 18)
&
SÉ) -|+·| ~|·||· ·|· +|·|·|·| ~|·| +| -| ·|| +-| ·||··||·| ·|-|·| -| ·||+|· ·| ··||-| ;|·| ·||·| ‘·|·|·| +| ·|r||-| ·| ·| ·| |·|·| -| ·|| ·||-|+- 9
+ ~-| ·||· -|r| |+·|| ·|·|| r : ¸ ·|| ~|·| +| ·|·||~|| |-||·|·| -|r| +| ·|| ·|+| r :
f ) Accounting of commission earned on letter of credit and guarantee issued is on cash basis which is not in accordance with
Accounting Standard- 9 on ‘Revenue Recognition’ issued by the Institute of Chartered Accountants of India. The quantum of
such income has not been ascertained.
·) ~-| ·| || 18 +| |··||| ·|. 1.1 ·| ·|·||·|--||·|·| ·| ·|| ·|·|| ··|·|| ¸| ~-·| ~-| ·||·| ·{|·| · ·| ·| (÷) ~| · (|) ·| +| ·|, |··|| + ~··|·||-|
r :
g) Capital Adequacy and Other Ratios disclosed in Note No. 1.1 of Schedule 18 are subject to the effects of the observations
in para (e) and (f) above.
4. ·{|·| · ·| ·| 3 (÷) ·| (·) ·|+ ¸| ·| ··| -| ·|| -|||·|·|| + ·||·| ·||:·| ~| · +·|·|: ~-| ·| || 17 ¸| 18 + ~-| ·||· -| ·|| ·|· |··|||·|| ·|·
r·||· ~|-|| +-| + ~··|·||-| r·| ~|·| ·|r |··|| +··| r |+:
Subject to our observations in Para 3 (e ) to (g) above and read with Principal Accounting Policies and Notes on Accounts
as per Schedules 17 and 18 respectively, we further report that:
r·||·| ·|·| ·| ·|·|| r·||·| ·||| ·|·| ·||-|+|·| ¸| r·| |·¸ ·|¸ ·|·|| ·| + +| ·||r·|| ·| ··|| ¸ ·|¸ ··|·|+·| + ~-| ·||· ||·||·| |||·| ·{|·| ·
·| ·| 3 (|) ·| ·|--||·|·| +|·|·|| +| ·| ÷+· ·||··| ·| ·||·||-·|·|: ·||+ ·| -| ·|| -|||·|·|| + ~-| ¬ ·| r ·|·||:
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, the financial statements are in conformity with the accounting principles generally accepted in India except to
the extent stated in Para 3 (f) above and :
(i) ·| ·|, |··|||·|| + ·||·| ·||:·| ·| -|-|-{|~| ·|r| ¸| ·| ··|· ·| -|-|-{|~| r |·|·|·| ·|·|| ~||··|+ |||·| ~ ·|||· r ~| · ··| ·|·| ||·|
¬ ·| ·| ,·| ·|+|· ·|··|·| |+·|| ·|·|| r |+ |r 31 ·|||, 2012 +| |··||·| + ~-| ·||· ·| + + +|·| +| ·|r| ~| · ~| · ·| ··|· |··||·|
·|·|·|·| +··|| r :
The Balance Sheet, read with the notes thereon is a true and fair Balance Sheet containing all the necessary
particulars, is properly drawn up so as to exhibit a true and fair view of the state of affairs of the Bank as on 31
st
March, 2012 ;
(ii) -||·| ~| · r||-| -| ·|| ·{|·| · -|| + ·||·| ·||:·| ·|r| -||·| ·| ·| ·|·|·|·| +··|| r; ~| ·
The Profit and Loss Account, read with the notes thereon shows a true balance of Profit ; and
(iii) -|+·| ·|||r |||·| ·· ·||·|·| +| ·|·||··| |·| ·| -|+·| ·|||r +| ·|r| ¸| ·| ··|· |··||·| ··|| ·|| r :
the Cash Flow Statement gives a true and fair view of the cash flows for the year ended on that date.
··||-| / Place: EòÉä ±ÉEòÉiÉÉ / Kolkata
·||·|·| / Dated: 05
th
·|, / May, 2012
+ ·i ·ii·i =ii ¢ = +i -i
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 005834BxÉ
For Baweja And Kaul
Chartered Accountants
Registration No. 005834N
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ºÉΨ´ÉiÉ + . ·| Ç)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ . 090758
(CA Samvit K. Gurtoo)
Partner
Membership No. 090758
+ ·r +r arº| { × + ·r-r|
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 301178<Ç
For Kothari & Co.
Chartered Accountants
Registration No 301178E
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ·||·|·| ·|-|·||)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ. 15289
(CA Gautam Banerjee)
Partner
Membership No. 15289
+ ·i ¢=i·i|¢ ¢=ii l=i¢c =i
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 308136<Ç
For SBA Associates
Chartered Accountants
Registration No. 308136E
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ¸·|. ·|·||·||··||·|)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ . 11517
(CA S. Mukhopadhyay)
Partner
Membership No. 11517
+ ·i «i=i ·i ··ii ¢ = ¢=ii l=i¢c =i
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 000112BxÉ
For Dass Gupta & Associates
Chartered Accountants
Registration No. 000112N
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ·|·|| |·|·-|)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ. 504111
(CA Raaja Jindal)
Partner
Membership No. 504111
+ ·i ·i ··ii ºi-ii ¢ = ¢=ii l=i¢c =i
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 001466BxÉ
For Gupta Sharma & Associates
Chartered Accountants
Registration No. 001466N
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ||-|·| ·|·|+)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ . 087262
(CA Vinay Saraf)
Partner
Membership No. 087262
+ ·i ·i « ¢ = + ·i-i|
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 012019BxÉ
For Ved And Company
Chartered Accountants
Registration No. 012019N
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ·| ·|| ·| ··||)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ. 098551
(CA Pooja Gupta)
Partner
Membership No. 098551
119
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000?s omitted)
a1 -rr-r , zo1z +r =r-rr··r ·r·r +r -r+«| ir·rrr |·r·rººr
STATEMENT OF CASH FLOW FOR THE YEAR
ENDED 31ST MARCH, 2012.
a1azo1z +r =r-rr··r ·r·r a1azo11 +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< < < <
¤ ·r|º-rr-r-r +r·r +-rr·rr =r -r+«| ir·rrr
A. Cash flow from operating activities :
+· || |-||-| -||·| ;Net Profit before taxes 11502638 9445604
=r-rr·rr ¤r-r / Adjustments for :
~|-| ~||·.|·|| ·|· ~·|-|·|·| r ·| ; Depreciation on fixed assets 781228 805506
|·|·| ·| ·|· ~·|-|·|·| r·| ;Depreciation on investments 2558900 1907700
~·|| ··| } Ktü +| ·| ·||·| ÷|-|-| /
~-|·| + ~||··|·|| +| ·||·|·| .|||·||-| r ·|
Bad debts written off / Provision in respect of
non-performing assets 7563200 11806500
·||-|+ ~||··|·|| fu U rÖtY .|||·||-| r·| / Provision for Standard Assets 1020100 678500
~-·| ·|·| fu U rÖtY .|||·||-| r·|/ Provision for other items 5469500 3111400
~|-| ~||··|·|| +| |·|+| |· ,-||·|); r||-| r ·| ;(Profit)/Loss on sale of fixed assets (9109) (533)
·|| ·| ~·| |· ··||·| fu U ·| ·|·||-|;.|||·||-| r ·| ,,·| ~-|·| ··|| dgt)
Payment/provision for interest on subordinated debt (treated separately) 1979851 1978145
~-| ·| |·|·|| ;~-·| ·| .||·| -||·|| ·| r ·| ,,·| ~-|·| ··|| dgt)
Dividend received from subsidiaries/others (treated separately) (88922) (74128)
|·|·-II ·|| ÷| ·| .||·| ··||·| r ·| ,,·| ~-|·| ··|| dgt)
Interest received from Tier-II Bonds (treated separately) (93914) (361336)
~|,·||÷ |~|, ·|· ·| · ·| ··||·| r ·| ,,·| ~-|·| · || dgt·
Interest paid on IPDI (treated separately) 358286 357550
~·|· | ·|· º ~·| |-||.|| ·|· ·| ··| ··||·| r ·| ,,·| ~-|·| · || dgt·
Interest paid on Upper Tier-2 Debt Instruments (treated separately) 1472224 1469200
=·i·ii ·i /Sub-total 32513982 31124108
·||| · .|··| .|··|-| +·/Less: Direct Tax Paid (3680000) (3500000)
28833982 27624108
=r-rr·rr ¤r-r /Adjustments for :
|·|·| ·| ·| ,·| |¸·/+·|| r .| / (Increase)/Decrease in investments (31001023) 4033808
~|·| ·| ·| ,·| |¸·/+·|| r .| /(Increase)/Decrease in advances (172255166) (177469298)
~··| ~||·.|·|| ·| ,·| |¸·/+·|| r .| /(Increase)/Decrease in other assets (11006059) (12018997)
··||· ·| ·| |¸/,+·||· r .| /Increase/(Decrease) in borrowings 74266482 (7890667)
·|·|| ·| ·| |¸/,+·||· r .| /Increase/(Decrease) in deposits 87258879 228620513
~··| · ·|·||··|| ··| ·| |·|·||·| ·| ·| |¸/,+·||· r .|
Increase/(Decrease) in other liabilities & provisions (6282812) 15401320
·r|º-rr-r-r |+·rr+-rr·rr =r |-r·r-r -r+«| ir·rrr (¤)
Net cash flow from operating activities (A) (30185717) 78300787
120
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000?s omitted)
a1 -rr-r , zo1z +r =r-rr··r ·r·r +r -r+«| ir·rrr |·r·rººr (¤rrº|)
STATEMENT OF CASH FLOW FOR THE YEAR
ENDED 31ST MARCH, 2012. (Contd.)
a1azo1z +r =r-rr··r ·r·r a1azo11 +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< < < <
¤r |-r·r ºr |+·rr+-rr·rr =r -r+«| ir·rrr
B. Cash flow from investing activities :
~|-| ~||··|·|| +| ·|·|· /Purchase of fixed assets (886911) (1012891)
~|-| ~||··|·|| +| |·|+|;|-|||-| ; Sale/disposal of fixed assets 35663 58557
~-| ·| |·|·|| ;~-·| ·| .||·| -||·|| ·| ;Dividend received from subsidiaries/others 88922 74128
|·|·-II ·|| ÷| ·| .||·| ··||·| ;Interest received from Tier-II Bonds 93914 361336
|-r·r ºr fUtgo+-rr·rr =r |-r·r-r -r+«| ir·rrr (¤r)
Net cash flow from investing activities (B) (668412) (518870)
¡ |·r-r·rr ·rºr +r·r +-rr·rr =r -r+«| ir·rrr;
C. Cash flow from financing activities :
||¸-|·||||¸·| + |-|·|·| ·| .||·| ·||·|;Proceeds from issue of PNCPS 0 6730000
, |+|| ·| ·|·| +| ~|·|·||-|| |-|·| ·|;Preferential issue of Equity Shares 371947 781575
,|+|| ·|·|·| + |-|·|·| |· ·|·|· .|||·|·|·| ;Share Premium on issue of Equity Shares 2696248 8618425r
.|··| -||·|| ·|;Dividend Paid (3387735) (1486179)
~|, ||÷|~|, |· .|··| ··||·| ;Interest paid on IPDI (358286) (357550)
~|· |·|·. ~·| |-|·|·|| |· .|··| ··||·|;Interest paid on Upper T-2 Debt Instruments (1472224) (1469200)
·|| ·| ~·| |· .|··| ··||·|;Interest paid on subordinated debts (1979851) (1978145)
l·i-i·ii ·iºi +i·i +-ii·rr ªi |-r·r-r -i+«l ·i·iir (¡)
Net cash flow from financing activities ( C ) (4129901) 10838926
-i+«l »i ª -i+«l ªi-i·i -·i -i |-r·r-r ·i lq (¤+¤r+ ¡)
Net increase in cash & cash equivalents (A+B+C) (34984030) 88620843
|·|· ·|| ·| -| +| ·|·|« + |-|· ·|·||·|| ·|·|/Adjustment for Foreign Exchange Fluctuation 1216558 140167
-i+«l »i ª -i+«l ªi-i·i -·i -i |-r·r-r ·i lq/Net increase in cash & cash equivalents (33767472) 88761010
+ -iºi· : »·i -i ºc:: »i ª ºc:c +l lª·il·i + »-i ªiiª -i+«l ¢·i -i+«l ªi-i·i -·i
Cash and cash equivalents as at April 1,2011 & 2010 respectively 169804318 81043308
+ -iºi· º: -ii·i ºc:º »i ª ºc:: +l lª·il·i + »-i ªiiª -i+«l ¢·i -i+«l ªi-i·i -·i
Cash and cash equivalents as at March 31,2012 & 2011 respectively 136036846 169804318
¡ ·r·r + ¤rº -r -r -r+«| ¤r º -r+«| =r-r·r -·r
D. Cash and Cash Equivalents at the beginning of the Year
r|·| ·| -|+·| ,||· ·|| ·| -| -|| ¸| ·|·| ·||r·|)
Cash in Hand (including foreign currency notes and gold) 2373493 2355086
·||··||·| |··|| ·| + ·| ·|·||·||·|·|| ;Balance with Reserve Bank of India 101666769 70072208
·| +| ·| ·|·||·||·|·|| ·|·|| ·|| ·| ~| · ~-| ·| |-|| |· .||·|· ·| ·||·|;
Balance with Banks and Money at Call and Short Notice 65764056 8616014
169804318 81043308
= ·r·r + ¤ ·r -r -r+«| ¤r º -r+«| =r-r·r -·r
E. Cash and Cash Equivalents at the end of the Year
r|·| ·| -|+·| ,||· ·|| ·| -| -|| ¸| ·|·| ·||r·|)
Cash in Hand (including foreign currency notes and gold) 3084047 2373493
·||··||·| |··|| ·| + ·| ·|·||·||·|·|| ;Balance with Reserve Bank of India 75031245 101666769
·| +| ·| ·|·||·||·|·|| ·|·|| ·|| ·| ~| · ~-| ·| |-|| |· .||·|· ·| ·||·|
Balance with Banks and Money at Call and Short Notice 57921554 65764056
136036846 169804318
121
·i ªi-iII ii+cl+ªºi/BASEL-II DISCLOSURES
·rr|-r+r ×|)+ -z
TABLE DF-2
·r¸ =r| ªr º-r-rr
Capital Structure
·i ºii·-i+ ii+cl+ªºi
Qualitative Disclosures
(+) ªi-il ·i¸ =il l-i=i·ii +l ªi¸ ·i-ii, ªi =i ·i -i
(a) Summary information of all Capital instruments
1 ¡ l+·icl ·i¸ =il ·.||·||·|+·|| ·| , |+|| + ~|·| -| + ~|·||· |· |·| + ·| ·|-| , |+|| ·| ·|· | ·|| +| ·|· ·| ·| + +| ·||··| ·|·+|· ·| < 4- +·| ÷
¸| ·||··||·| ·|||-| ·||·|| |-|·|·| ·| < .¯-.-. +·| ÷ .||·| r ¸ r : |-|·| ·| ·| -·| < -..4· .||·| ·| ·|· r : + -| ·||·| ·| ·| <¹¯.· +·| ÷ ·| ·|· | ·||
~| · < .ö·.ö¹ +·| ÷ ·| ·|· .|||·|·|·| ·||·| ·| ~ ·||··| |+·|| ·|·||: ·| -|| |·|· | ·|| ·| ·|||·|-| +·-| ·|| ··| r :
1. Equity Capital: During the year, Bank received capital infusion of < 48 crore from Govt. of India and < 258.82 crore from Life
Insurance Corporation of India towards equity share capital on the basis of preferential allotment of equity. The issue price is < 82.49
per share. Of the total amount < 37.19 crore is transferred to Share capital and < 269.63 crore towards Share premium accounts.
Both are eligible for inclusion in Tier –I capital.
2. lc·iª1 ·i¸ =il -i ºiil-i-i +ª-i ·ii ··i ·i l-i·ii«l »ªi ·i·il »l·i-ii-i ºi ·iª (·il¢-iªil·il¢ªi)
Perpetual Non-Cumulative Preference Shares (PNCPS) eligible for inclusion in Tier-1 Capital
·| + + ||·| <-.¹ +·| ÷ + ||¸-|·|||| r ·|| ¹.¨¹..¨. +| |··||·| + ~-| ·||· | ·| ·|·r ·| ·||··| ·|·+|· ;|·| ~|·|···| r : ·| ||¸-|·||||¸·|
·| |·|·||·| .|+ |·| + r ·|| |||·| + ~··||·|| + |-| ·| |·||+ ·| · || ·· + ¬| ·| ||·||·|·| +··| r ¸ ¨¨ ·||||¸·| ·.| ÷ ·||r·| ·| ·| |·|·| ·||·|·| +| -||·|
· || ·· |· |||·|+ ~|·||· |· | -||-|·|| |··| |+¸ ·||¸ ·| :
The Bank is having <1823 crore of PNCPSs which is fully subscribed by Govt of India as on 31.03.2012. These PNCPSs are in
perpetual nature carrying an annual floating coupon bench-marked to Repo rate plus spread of 100 bps which will be reset annually
based on the prevailing Repo rate on the relevant date.
3. lc·iª1 ·i¸ =il -i ºiil-i-i +ª-i ·ii ··i -i·ii --i ·il ·i l-i·ii«l =ºi l-i=i·i
Innovative Perpetual Debt Instruments eligible for inclusion in Tier-1 Capital
·| + -| | ·|| |·|| ·|·|| +| ~| · ·|·|·| ·| +·-| ~| · ·| + + ·|·|| ||·| ·| ·||·|-|| +| ·|«|-| + |-|¸, |·|· | ·|| +| ·|«|-| r ·| ~·| ·|+ <¹-¨ +·| ÷
+ .|| -|| .|+ |·| + ~.||·|·| ·| ~||·|·| -||·| ~-| ·| ·|| ·| |·|·||·| ·|| ÷ ·||·| |+¸ r : ·| ·|| ÷ ~·| ·| ¬| ·| ·||·| |+¸ ·|¸ ·| ~| · ·| · |·| ¸·| |·|·|| ;|·|
,-|+| · |·| +| ·|, ·||, ·|| “¸¸” ¸| “¸¸” |· |··|· ·|-|| r, r: .||·| ·||÷ ~|+·| ·|-·| ¸| |-|·|·| ·|-·| <¨,¨¨,¨¨¨; +·| ÷ ·|| ~| · -·| -|·|·|
~|| ·-| ~|+|· ¸+ ·|| ÷ ¸| ,·|+ ·||· ¸+ ·|| ÷ + ·| ·|·| + ¬| ·| ·||: +| , | ~| ·|-| -|r| ·|| |· ·| ·||··||·| |··|| ·| + + | | ~-| ·|| ·-| ·|
~|·| -| +| ~|-| ·|||-|+ ·||·|·| ·| ¨ |·| +| ·|·|||·| |· ·|·|·| -·| |· +| -| ~| ·|-| ||··||-| r ·|·|| ~|·| -| +| ~|-| ·|||-|+ ·||·|·| ·| ¨ |·||
+| ·|·|||·| |· +| -| ~| ·|-| +| .|·|| ·| -| |+¸ ·||-| +| ··|| ·| ¨ |·| + ·||· · |~| + |-| +| ~| ·|-| ·|| ·|| ·| · r : ·||··||·| |··|| ·| + +
·||-|· ÷| + ~-| ·||· ··||r| ~|·||· |· ··||·| |··|| ·||·|| r : ·| -| ·|-|-| ·| + ¸+·|| ·| ~| + , |÷·|| |-||·| ÷ ,¸-|¸·|, ) + ·|| + ~·| ·||·||·
,÷·-|·| ÷|¸·|) ·| ·|·| ·| ·| ||·|, r :
The Bank has so far raised Unsecured Non-Convertible Subordinated Perpetual Bonds in the nature of Promissory Notes to the tune
of < 380.00 crore for augmenting the Tier-I Capital for strengthening the Capital Adequacy and enhancing long term resources of the
Bank. The Bonds were issued in Dematerialized Form and rated by two rating agencies carry ‘AA-’ and ‘AA’ stable. Face Value and
Issue Price per bond is < 10,00,000/- and minimum application size was one bond and in multiples of one bond thereafter. There was
no put option, but call option is there at par at the end of 10
th
year from the deemed dates of allotment with the prior approval of RBI
and step up coupon after ten years if call option is not exercised at the end of 10
th
year from the deemed date of allotment. The interest
is to be paid semi-annually subject to RBI norms. These are listed on the Wholesale Debt Market (WDM) segment of the National Stock
Exchange of India Limited (NSE).
122
4. lc·iªz ·i¸ =il -i ºiil-i-i +ª-i ·ii ··i »-i ·i ·il »·iª lc·iªz =ºi l-i=i·i
Subordinated Upper Tier-2 Debt Instruments eligible for inclusion in Tier-2 Capital
·| + -| ~|-|| | ·|| |·|| ·|·|| +| ~| · ·|·|·| ·| +·-| ~| · ·| + + ·|·|| ||·| ·| ·||·|-|| +| ·|«|-| + |-|¸, |·|·. | ·|| ·|«|-| r ·| ~·| ·|+ <ö.¨
+·| ÷ + .|| -|| ¬ | ·| ~.||·|·| ·| .||·|· ·| ~||·|·| -||·| ~-| ·| ·|| ~|· |·|·. ·|| ÷ ·||·| |+¸ r : ·|| ÷ ~·| ·| ¬ | ·| ·||·| |+¸ ·|¸ ·| ~| · ·| · |·|
¸·| |·|·|| ;|·| ,-|+| · |·| +| ·|, ·||, ·|| “¸¸ |··|·” ¸| “¸-|¸¸ |··|·”: .||·| ·|| ÷ ~ |+·| ·| -·| ¸| |-|·| ·| ·| -·|< ¨,¨¨,¨¨¨; +·| ÷, ~| ·
-·| -|·|·| ~|| ·-| ~|+|· ¸+ ·|| ÷ ~| · ··|+ ·||· ¸+ ·|| ÷ + ·| ·|·| + ¬| ·| ·|·| |+·|| ·|·|| ·||: +| , | ~| ·|-| -|r| ·|| |· ·| ~|·| -| +|
~|-| ·|||-|+ ·||·|·| ·| ¨ |·| +| ·|·|||·| |· ·|·|·| -·| |· +| -| ~| ·|-| ||··||-| r : ·||··||·| |··|| ·| + + ·||-|· ÷| + ~-| ·||· ··||r| ~|·||· |·
··||·| |··|| ·||·|| r : ||·|+|·|| + ·|·||| |r |-| |· ~|· |·|·. |-|·|·|| |· | ·|| |·| |·|·|| r ·| ||·||·| ·| · .||·| r| ·|| r , ·| ·|| |+ ·|·| |||·| ~-| ·| ·|| ~·|
+| | ·| ~||·| + ~ |·|·| | || |·| ·| r| ·|| r : ·| -| ·|-|-| ·| + ¸+·|| ·| ~| + , |÷·|| |-||·| ÷ + ·|| + ~·| ·||·||· ·| ·|·| ·| ·| ||·|, r :
The Bank has so far raised Unsecured Redeemable Non-Convertible Subordinated Upper Tier -II Bonds in the nature of Promissory
Notes to the tune of <1620.00 crore for augmenting the Tier – II Capital for strengthening the Capital Adequacy and enhancing long
term resources of the Bank. The Bonds were issued in Dematerialized Form and the ratings of two rating agencies carry ‘AA’ Stable
and ‘LAA Stable’. Face Value and Issue Price per bond is <10,00,000/- and minimum application size was one bond and in multiples
of one bond thereafter. There was no put option, but call option is there at par at the end of 10
th
year from deemed date of allotment.
The interest is to be paid semi-annually subject to RBI norms. The Upper Tier –II instruments are subjected to progressive discount
for capital adequacy purposes as they approach maturity as in the case of long term subordinated debt over the last five years of
their tenor. These are listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited.
5. lc·iªz ·i¸ =il -i ºiil-i-i +ª-i ·ii ··i »-i ·i ·il (-ii »ª lc·iªz) =ºi l-i=i·i
Subordinated (Lower Tier-2) Debt Instruments eligible for inclusion in Tier-2 Capital
·| + -| ~|-|| | ·|| |·|| ·|·|| +| ~| · ·|·|·| ·| +·-| ~| · ·| + + ·|·|| ||·| ·| ·||·|-|| +| ·|«|-| + |-|¸, |·|·. | ·|| ·|«|-| r ·| ~·| ·|+ < .-.¯.¯
+·|÷ + .||-|| ¬| ·| ~.||·|·|·| ~||·|·|-||·| ~-|·|·|| -||~· |·|·. ·||÷ ·||·| |+¸ r: <4¯¨.¯ +·| ÷ + .|·|·| ·||-| +·| ,|·-|| +
¹¨.¨ö..¨¨ö +| <¯¨.¯ +·| ÷ + +·|1, |·-|| + ¨¯.¨4..¨¨¯ +| <¯¨.¨¨ +·| ÷ + +·|. ¸| |·-|| + ¨-.¨¯..¨¨- +|
<¯¨.¨¨ +·| ÷ + +·|¹ ·|| ||·| r ¸) |r-| r| ·|| ||·| r| | + r : ·| ·| ·|| ÷ ~·| ·| ¬| ·| r| r ,-|+| · |·| ·| · |·| ¸·| |·|·|| ;|·| +| ·|, ·||,
·|| “¸¸ |··|·” ¸| “¸-|¸¸ |··|·” r: +| , | ~| ·|-| ~| · +| -| ~ |·|-| -|r| ·||: | || ·|+|·|| +·|| + |-|¸ |||·| + ·|·|| ·| ·| +·|| + |-|¸ ··||r|
~|·||· |· ··||·| |··|| ·||·|| r : ,-|+| ||·|+|·|| |··|· r ~| · ||·|+|·|| + ·|·||| |r |-| |· ,-| |· ||·||·| ·| · .||·| r| ·|| r : |·|-| |-|·|·||
+| .||· |·|+ ||·|+|·|| ~||·| | || |·| ·| +·| r , ·|| |·|-|+ ||·|+| r| -| ·| ¸+ |·| ·| ·| r , ·-r |·|· II | ·|| + |r··| + ¬| ·| ·|||·|-| -|r|
|+·|| ·||·|| r : ,-r -| ·|-|-| ·| + ¸+·|| ·| ~ |+ , |÷·|| |-||·| ÷ + ·|| + ~·| ·||·||· ·| ·|·| ·| ·| ||·|, |+·|| ·|·|| r : ·| -| ·|-|-| ·| + ¸+·|| ·|
~| + , |÷·|| |-||·| ÷ + ·|| + ~·| ·||·||· ·| ·|·| ·| ·| ||·|, r :
The Bank has so far raised Unsecured Non convertible subordinated Tier-II Bonds in the nature of Promissory Notes to the tune of
< 2825.15 crore for augmenting the Tier – II Capital for strengthening the Capital Adequacy and enhancing long term resources of the
Bank. The first three series aggregating < 450.15 crore have already been redeemed (< 150.15 crore Series I redeemed on
30.06.2006, < 150.00 crore Series II redeemed on 07.04.2007 and < 150.00 crore Series III redeemed on 08.05.2008 respectively).
The outstanding bonds are in Dematerialized Form and the rating by two rating agencies carry ‘AA+’ stable and ‘LAA+ Stable’. There
was no put option and no call option. The interest is to be paid on annual basis in case of five series outstanding and for the remaining
series interest is to be paid semi annually. These carry fixed maturity and as they approach maturity they are subjected to
progressive discount. Instruments with an initial maturity of less than five years or with a remaining maturity of one year are not to
be included as part of Tier – II Capital. These are listed on the wholesale Debt Market segment of the National Stock Exchange of India
Limited.
123
·r -rr>rr·-r+ ·r +c|+ººr / Quantitative Disclosures
(=r/b) |c·rº l ·r¸ =r| / Tier-1 Capital 7890.76
··|·| ·| / Of which -
·| ··| ·| ·|| / Paid-up Capital 664.71
~|·|-|·| |·||·| / Reserves :
·| ·|· ·| ||·|·|·| / Share Premium 1171.47
·| ·|| ~|·|-|·| |·||·| / Capital Reserve 290.07
·|| |||·|+ ~|·|-|·| |·||·| / Statutory Reserve 1447.93
·||·||··| ~|·|-|·| |·||·| / General Reserve 399.73
.||·|·|||··| ~|·|·| ·| /Surplus Retained 2111.11
·||| ··| ·|| ·| ·||·||·| ~·| |-|·|·| / Innovative Perpetual Debt Instruments 380.00
·| ·||·||·| ~ ·||·|| ~|·|·||-|| ·| ·|· / Perpetual Non-Cumulative Preference Shares 1823.00
|·|·| ·| ·|| ·| +| ·|| +| ·|, ·||·|. |·|·|·| ·||·| ·| |·|| ·| ·|||·|-| r
Amounts deducted from Tier-I Capital including Goodwill & Investment 397.26
(·|/c) |·|· ·| ·|| +| + -| ·||·| ,|·|· ·| ·|| ·| +| ·|| |+· ·||·| + ·||· ·||| ·||·|,
The total amount of Tier-2 Capital (Net of deductions from Tier-2 Capital) 4151.46
(·|/d) ~·| ·| ·||·|·| |-|·|·| ·|| ~·|· |·|· ·| ·|| ·| ·|||·|-| +·-| ·|| ··| r
Debt Capital Instruments eligible for inclusion in Upper Tier-2 Capital :
+ -| ·|+|·|| ·||·| / Total amount outstanding 1620.00
|·|·|·| ·| ||-| |·| + ·| ·|·| ·| |, ·|, ·||·|
Of which amount raised during the current year 0.00
·| ·||·|·| |·||·| + ¬·| ·| ·||·| ·||·| ·||··| ·||·|
Amount eligible to be reckoned as Capital Funds 1620.00
(÷/e) ·|| ·| ~·| ·|| -|| ~· |·|· ·| ·|| ·| ·|||·|-| |+· ·||·| ·||··| r
Subordinated Debt eligible for inclusion in Lower Tier-2 Capital :
+ -| ·|+|·|| ·||·|/Total amount outstanding 2375.00
|·|·|·| ·| ||-| |·| + ·| ·|·| ·| |, ·|, ·||·|
Of which amount raised during the current year 0.00
|·| + ·| ·|·| ·|| ||·| ·||·|/Redeemed during the year 0.00
·| ·||·|·| |·||·| + ¬·| ·| ·||·| ·||·| ·||··| ·||·|
Amount eligible to be reckoned as Capital Funds 1775.00
(|/f) ·| ·|| ·| ~··| +| |·|·|| . ·||· +| , r| / Other deductions from Capital, if any Nil
(· / g) + -| ·||··| ·| ·||/Total eligible Capital 12042.22
,+·| ÷ < ·| ;< In Crore,
124
·rr|-r+r ×| )+ -º
TABLE DF-3
·r¸ =r| ·r·rr ··r·rr
Capital Adequacy
·i ºii·-i+ ii+cl+ªºi / Qualitative Disclosure
(+) ||··||-| |+·||+-||·|| ¸| ·|||| |+·||+-||·|| +| ·|·||·|·| +·-| r ·| ~·| |-|·| |||·|--| ·| ·||·|·| |-|·|·|| +| ·||·| +·-| + |-|¸ ·| + +|
·|| ·|-|| ·| |-|· ·|+ ·| ÷-| +| ·|·|·|-·|·|·| ·|· ~|·|·| +·|·|| ·||·|| r : |-|· ·|+ ·| ÷-| ;|·| ,·|+| ~|||·|+ ·|·||-|| ·|| +| ·||·|| r :
(a) Board is apprised periodically of Bank’s plan for raising different Capital instruments needed for supporting current activities
and future activities. This is also reviewed periodically by the Board.
ii-ii>ii·-i+ ii+cl+ªºi / Quantitative Disclosure
,·|) ~·| ·|| |·|·| + |-|¸ | ·||·|·| ~||··|+·||·
·||-|+|+ ·| ¡|·+| ·| + ~··|·||-| || +| |-|·||
(b) Capital requirements for Credit Risk :
Portfolio subject to Standardized Approach 7750.73
.||·|·| |·|+··| ¸+·||| ·|·
Securitisation Exposures ·| -·|/Nil
,·|) ·||·||· ·|| |·|·| + |-|¸ | ·||·|·| ~||··|+·||·
·||-|+|+ ·| ~||·| ¡|·+| ·|
··||·| ·· ·|| |·|·|
||· ·|| ·| -| ·|| |·|·| ,·|·| ·||r·|)
, |+|| ·|| |·|·|
(c) Capital requirements for Market Risk :
Standardized Duration Approach 502.58
Interest Rate Risk 403.06
Foreign Exchange Risk (including Gold) 2.25
Equity Risk 97.27
,·|) ||·||-|-|·|·| ·|| |·|·| + |-|¸ | ·||·|·| ~||··|+·||·
·| |-|·||·| ·| |+ ¡|·+| ·|
(d) Capital requirements for Operational Risk : 526.25
Basic Indicator Approach
,÷) ·|| ·| ·|·|| |·|· | ·|| ~-| ||·|
(e) Total and Tier-1 Capital Ratio 12.35%
8.09%
·||| | ·|·| |+·| ·|·| r + |-|¸ ; For the top consolidated group -||·| -|r| ;Not Applicable
·--| ·|-||·| ·| + ·|r|·|+ + ||-|·|| + |-|¸ ,«| || |·|·| .|+|· -||·|
r| ·|| r ··|+ ~|·||· |· ~|-| ~|| ·| |··|·| ·|| ·|·|·| |+·|)
For significant bank subsidiaries (stand alone or sub-consolidated depending -||·| -|r| ;Not Applicable
on how the Framework is applied)
,+·| ÷ < ·| / < in crore)
125
·rr|-r+r ×|)+ -+
TABLE DF-4
=ºr =rr |=r-r
Credit Risk
1) l·io-ii ·i+i·ii ¢·i »-i=i + =ii·i (-i =ii +-i ii·ii =i-i r ·i )
Past Due and Impaired Accounts (for accounting purpose):
|-|· ·|+ ·| ÷-| ;|·| |||·||·| ~-| ·|| |··| ·| + +| ~-|·| + ~||··| .|·| ·| -|||·| + ~-| ·||· |+·|| ~||··| +| |-|·-|| |+·| |··||·| ·| ||·-|| ·|+|·||/
~-|·| + ~||··| ·||-|| ·||·|| r
In terms of Bank’s NPA Management Policy duly approved by the Board of Directors, an asset is treated as Past due/impaired asset
where –
i. ·||·||·| ~ ·| + ·||·|-| ·| ··||·| ~| ·;·|| ·| -| ·|-| +| |+··| ·¨ |·-|| ·| ~|·|+ ·|·|·| ·|+ ·|+|·|| ·r·|| r :
Interest and/or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.
ii. ~| |·÷ |+;-|+·| ~ ·| + ·||·|-| ·| -||| ·| |·¸ ·|¸ | ·| + ~-| ·||· ·||·|| ·¨ |·-|| ·| ~|·|+ ·|·|·| ·|+ ~|-|·||·|·|·r·|| r :
The account remains ‘out of order’ for a period of more than 90 days as given in para below, in respect of an overdraft/cash
credit (OD/CC).
iii. ·|·|· ·|¸ ¸| ·| -||¸ ·|¸ |·|-| + ·||·|-| ·| |·|-| ·¨ |·-|| ·| ~|·|+ ·|·|·| ·|+ ·|+|·|| ·r·|| r :
The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted,
iv. ~-||||·| +| +·|-|| + |-|¸ ·| -| ·|-| +| |+··| ·|| ··| |· ··||·| ·| +·|-|| + ·|| ·|·| ·|+ ·|+|·|| ·r·|| r :
The installment of principal or interest thereon remains overdue for two crop seasons for short duration crops.
v. ·|·|| ||·| +| +·|-|| + |-|¸ ·| -| ·|-| +| |+··| ·|| ··| |· ··||·| ¸+ +·|-| + ·|| ·|·| ·|+ ·|+|·|| ·r·|| r :
The installment of principal or interest thereon remains overdue for one crop season for long duration crops.
|+·|| ·||·| +| ~|-|·||·|·| ·||-|| ·||·|| r ·|·| ; An account is considered out of order when
i. ·|+|·|| ·| ·| -||·||·||· ·||+ ·| ·||·||~|r··| ~|·|+|· ·| ~|·|+ ·|-|| ·r·|| r , ·|| ·||·| +| ~|-|·||·|·| ·||-|| ·||·|| r :
The outstanding balance remains continuously in excess of the sanctioned limit/drawing power; the account is treated as out
of order.
ii. ·|+|·|| ·| ·| -|·||·||· ·||+ ·| ·||·||~|r··| ~|·|+|· ·| +·| r| ·|| r |+ ·| -|·||·||· ·¨ |·-|| ·|+ +| , ·||·| ·|·|| -|r| +| ·||·|| r ·|| ·|·|| +| ·|, ·||·| -||·| |+¸
·|¸ ··||·| + |-|¸ | ·| -|r| r| ·|| r :
The balance outstanding is less than the sanctioned limit/drawing power but there are no credits continuously for 90 days or the
credits are not sufficient to cover the interest debited.
2) ·i + +l = ºi =ii l=i-i ii·i ·i -ill·i/ Bank’s Credit Risk Management Policy:
·| + +| ~·| ·|| |·|·| .|·| ·| |,|·| |-|· ·|+ ·| ÷ -| ;· | |||·||·| ~-| ·|| |··| -|||·|·|·| |-|· ·|| |· ~|·|||· ·| r , |·|-|·| ~-·| ·||·|| + ·||·| ·||·| |-|·-||-||·|·| ·|||·|-| r ·
Bank’s Credit Risk Management practices are based on policy directives duly approved by the Board which, inter-alia, encom
passes the following:
i. ~ ·| ·|| |·|·| ~|·|·|r·| +|·| -|||·| ¸| -|||·|·|| ; Credit Risk acquisition – strategies & policies,
ii. ~ ·| ~-| ·|| ·-| .||+·||;Credit approval processes.
iii. ~ ·| ·|| |·|·| |-|·|·|-|| .||+·||;Credit Risk monitoring processes.
iv. ~ ·| ·|| |·|·| |-|·| ~|·| .||+·||; Credit Risk control processes.
~| ·|| |·|·| + ·|·| ·| +| ·||·| |·|··| ·|·| |-|· ·|+ ·| ÷-| +| r| ·|| r ~| · |-|· ·|+ ·| ÷-| +| ·|| |·|·| ·|·| ·| ·||·||·| ~| ·|| |·|·| ·|·| ·| ¸| |··|| |·|
r ·| |··|||-|· ·| |-|·|| |··| +·-| + |-|¸ ···|··|·|| r ~| · |r -|||·| + ~-| ¬·| ~| ·|| |·|·| ·|·| ·| ·||+·||, ||| +·| | ·||·|| +| |-|·|| ·| ·|·|| ··|+|
·|·|·|-·|·|·| ·|· ·|·||-|| ¸| ·|||·|·| + ·||·||+ +| ·|,«·|| ·||-|·||·| +··|| r: ~| ·|||·|·| ·|·|·| ·||·||·| ~| -|||·| ¸| ·||+·|| ·| ·|·||·|·| ·|·| +|
|-|·||-| ·|·|| ·| · ·| + + ~|·||· ·|· ~| ·|| |·|·| + ||·-| ·||, |-|·|·|-|| ·|·|| |-|·| ~|| r ·| ··|··|·|| r :
·rºrr·-r+ ir+c|+ººr / Qualitative Disclosure:
126
|·||·| ~|·|||··| ·| ·|·||·| ~|·|||··|
Fund Based Non-Fund Based
,+, + -| ·|+-| ~·| ·+·|·|| ·|·
a) Total Gross Credit Exposure 117,504.07 14,456.27
·|, ~ ·|| +| ·|| ·|| |-|+ ·| ||·|··|
b) Geographical Distribution of Exposure
||· ·|| / Overseas 9,664.17 978.02
· ·|| / Domestic 107,839.90 13,478.25
1111z +i ii-ii>ii·-i+ ii+cl+ªºi (ªi-il ªilºi·ii +ªi = -i )/
Quantitative Disclosures (all amount in < Cr) as on 31.3.2012
,+·| ÷ < ·| ;< In Crore)
Board of Directors has over all responsibility for management of Credit risk and Risk Management Committee of the Board is
responsible for setting up guidelines for Credit Risk Management and reporting, ensuring that Credit Risk Management processes
conform to the policy, setting up prudential limit and its periodical review and ensuring robustness of risk modules. Credit Risk
Management Committee is responsible to deal with issues relating to Credit policy and procedures and to analyze monitoring and
control credit risk on bank wide basis.
·| + +| ~| ·|| |·|·| ·|·| ·| ||·||·| ·| + ;|·| |-|·|| |··| ·|| |·|·| ·||-|· ÷| ~| · ||| +·| | ~| ·||·|| +| -||·| +·|-| ~| · ··|+ ~-| ·||-|-| +| |-|·|·|-||
+··|| r : ·|r ||·||·| ·|| |·|·| ·| -·|| +-| ·|,|·| +| |-|·|| ·| ·|·|| ~| ·| ||·||·| +| ·| ||··|| +| |-|·|·|-||, ·|·|··||~| +| ·|r||-| ·|·|| ~| |·|| +|
·| ·||· ~| · ·| ||·||·| ·| -·|| +-| ·||r·| ,·| ·|·|| ·|-| r ·| ¸·|~|, ¸·| +| ||+|·| ·|| +··|| r : ~| ·|| |·|·| ·|·| ·| ||·||·| +| ~| ·| ·||·|-| ¸| ~|
|-|·|·|-|| ||·||·| ·| ~-|·| ¸+ ·|·| ~| ·|··|| r :
Credit Risk Management Department of the Bank enforces and monitors compliance of the risk parameters and prudential limits set
by the Bank. They also lay down risk assessment system, monitor quality of loan portfolio, identify problems and correct deficiencies,
develop MIS for the purpose including portfolio evaluation. Credit Risk Management Department is independent of Credit Processing
& Credit Monitoring Departments.
~| ·|| |·|·| +| ·| -·|| +-| ~ ·| ·||·|| + ·| ·|||-|·|| ··| + ·||··|·| ·| |+·|| ·||·|| r : ·| + ·| .¯ -||·| ·. ·| ~|·|+ + ¸+·||| ·|· ||-| ·|·|| ·||·||
+ ·| ·|| |-|·|| ··| + |-|¸ ,·|| ·|-||·|·| ~ ·|| +| ·| ÷+·) ¸+ |,|·| ||··||-| r : ·| + ·| ·|| |-|·|| ··| ·||,·| ·|-| +| ··||-| ··|·|| r ·|·|| ··|-| ·|·||
·| ·|| |-|·|| ··| + |-|¸ ~| ·||·+ | + ·· ||+|·|·| +| r : | + ··| +| |-|·|| ··| ··||||·| ·| ·|| |-|·|| ··| ¸·| |·|·|| +| | + ··| + ·||·| ·|| |+·|| ·||·||
r :
Assessment of Credit Risk is done through rating of credit accounts. The bank has a system of rating all accounts (excepting those
under schematic lending) having exposure of above < 25 lacs. Bank tracks rating migration and has developed internal default rates
across rating. The mapping of default rates is also carried out with default rate of established rating agencies.
·| +, ·|r| +r| ·| ·|| ~| · ~·| |-|·| r| ·|| r , ··|·| +·| ·| ·|||·| + ·|| ·||· |+·|| ~| + ·||··|·| ·| ~ ·| ·||·|| ·| ·| ÷ ·|| |·|·|| +| +·| +·-| +| r·
·| ·|| +| |·|·| +··|| r : ,·|+ ~|·||·+·| |·|-| ·|·|| ¸| |-|·| ·|-|| + ~·||-| ~ ·| ·||+ ·| |+¸ ·||·| r, | ·|| ~ ·| ·| ·| ÷ ·|| |·|·|| +| +·| +·-|
·| ·|r|·|+ r| ·| r : ·|| |·|·|| +| +·| +·-| ·| ·||·|| +| |-|·||·|·| |-|·|·|-|| ¸| |-|·| ~|| ·|| ·|r|·|+ r| ·| r : ·|| |·|·|| +| +·| +·-| + |-|¸ ·| +
-| ·||· ¸| -|·| ···|| + |-|¸ |-|·|| ·| ~ ·| ·||· | |-|·|·| ¸| ~ ·| ·||· | |-||·| -·||·| ·| ·|| ··| ·||·|| +| ~||··|+ ·||·|| ·|| +·||·|| r :
The bank makes all possible efforts to mitigate risks associated with credit accounts through suitable collaterals or guarantors
wherever it is considered feasible and desirable. In addition to that, terms and conditions under which credit is sanctioned also go
a long way to mitigate risks associated with credit. Regular monitoring and control of accounts also add to the risk mitigation. In order
to mitigate risk, the Bank has taken necessary cover for eligible accounts from Export Credit Guarantee Corporation and Credit
Guarantee Fund Trust for Micro and Small Enterprises.
·i ºii·-i+ ii+cl+ªºi / Qualitative Disclosure
127
,+·| ÷ < ·| ;< In Crore)
(·i) 11 -ii·i zu1z +i = ºii +i =¤i ·i·iiª ªi l·i·iªºi
c) Industry type distribution of Exposures as on 31
st
March 2012
=ur ·r
+r ×
|-r|·r ¤r·rr|º·r
¢+ªi·ii =iª
·r º-|-r|·r
¤r·rr|º·r
¢+ªi·ii =iª
+ -r
Industry Industry Name Fund based Non-Fund Total
Code Exposure based
Exposure
1 +| ·|-|| /Coal 1,120.17 523.39 1,643.56
2 ·|·|·| /Mining 569.89 15.49 585.38
3 -|| r| ·| ,··||·| /Iron and Steel 10,797.37 2,139.46 12,936.83
4 ~··| ·||·| ·| ·||·| ···||· /Other Metal & Metal Products 1,457.68 645.93 2,103.61
5 ·|·|| , ·|||·|·||··| +|·| /All Engineering 2,949.08 3,054.27 6,003.35
5.1 ,·|·| ·| ,-| + | |·|+ /Of which Electronic 1,311.60 82.71 1,394.31
6 ||· ·| /Electricity 3,010.66 220.60 3,231.26
7 ·| ·|| |·~| /Cotton Textiles 3,235.97 227.95 3,463.92
8 ·| |·~| /Jute Textiles 21.66 0.73 22.39
9 ~··| |·~| /Other Textiles 3194.54 192.41 3,386.95
10 ||·|| /Sugar 512.51 29.73 542.24
11 ||·| /Tea 676.49 4.40 680.89
12 ·||· ·| ·| ·+··|/Food Processing 2,139.65 69.47 2,209.12
13 |·|··||·| ·| -| ·| |·|··||·|/Vegetable Oils and Vanaspati 331.11 119.17 450.28
14 ·|··||+ ·| ·|··||+ ···||·/Tobacco and Tobacco Products 179.80 0.45 180.25
15 +|·|·| ·| +|·|·| ···||·/Paper and Paper Products 570.12 16.48 586.60
16 ··|÷ ·| ··|÷ ···||·/Rubber and Rubber Products 293.47 43.22 336.69
17 ··||·|·|. ÷|,·|. ·| ·| ~||·/Chemicals, Dyes, Paints, etc. 2,022.53 168.85 2,191.38
17.1 ,·|·| ·| ·| ·+/Of which Fertilisers 110.73 2.05 112.78
17.2 ,·|·| ·| ·| | ··||·|·|/Of which Petro-Chemicals 304.38 18.25 322.63
17.3 ,·|·| ·| ~| ·|·| ·| +·|| ··| |+-·|/Of which Drugs and Pharmaceuticals 989.31 20.42 1,009.73
18 ·||·| /Cement 565.96 60.03 625.99
19 |·| ·| |·| ···||·/Leather and Leather Products 169.92 9.02 178.94
20 ···| ·| ·|||r·|·|/Gems and Jewellary 627.60 39.35 666.95
21 |||·|·|| ·| /Construction 2,719.51 2,419.12 5,138.63
22 ·| | |-|·|·|/Petroleum 1,647.08 9.97 1,657.05
23 ~| | ·|| ·||,-|. + ·||r·|/Automobiles including Trucks 1,294.67 308.01 1,602.68
24 + ··| · ·|| +| ·|·/Computer Software 476.66 80.75 557.41
25 ·| |·|·||·| ·| ||·||· /Infrastructure 28,535.77 3,349.24 31,885.01
25.1 ,·|·| ·| |·|·|-||/Of which Power 14,778.87 1,923.44 16,702.31
25.2 ,·|·| ·| · ··| ||·/Of which Telecommunications 3,446.86 385.50 3,832.36
25.3 ,·|·| ·| ·|÷ + ·| ·| ···||r/Of which Roads and Ports 6,643.16 819.74 7,462.90
26 ~··| ··| ·|/Other Industries 1,999.04 162.36 2,161.40
27 ··|·||·+·|| /NBFCs 12,887.90 26.73 12,914.63
=ur ·r ·rr ·r / INDUSTRY TOTAL 84006.81 13936.58 97,943.39
=ur ·r +r -rr-r
128
(·i)(d) »ilª·i·ii +l »·iºi ·i ªi l·i«i·-i+ ·ilª·i+·i·ii +l ªi-iil··i / Residual contractual maturity breakdown of assets
1 day 2 to 7
days
8 to 14
days
15 to 28
days
29 days to
3 months
Over 3
months &
upto 6
months
Over 6
months &
upto 1
year
Over 1
year &
upto 3
years
Over 3
years &
upto 5
years
Over 5
years
Total
1 l«-i z ªi ¨
l«-i
·i+
ë ªi 14
l«-i
·i+
1ä ªi zë
l«-i
·i+
1 -iir ªi
»l·i+
·iª ·i ê
-iir ·i+
za l«-i
ªi 1 -iir
·i+
ê -iir ªi
»l·i+
·iª ·i 1
·i·i ·i+
1 ·i·i
ªi
»l·i+
·iª ·i 1
·i·i ·i+
1 ·i·i ªi
»l·i+
·iª ·i ä
·i·i ·i+
ä ·i·i
ªi
»l·i+
·ii ·i
,+·| ÷ < ·| ;< In Crore)
·|·|| ; Deposits 305.46 5053.25 3504.38 4644.06 39279.33 12086.48 40565.18 13985.48 2442.65 32137.22 154003.49
~|·|·| ;Advance
·|+-|;Gross 1442.44 1708.89 1791.53 1494.69 9480.38 8992.83 12556.03 32697.62 12942.31 34397.32 117504.05
|-|| ·|;Investment 4813.75 1200.42 982.31 1070.56 8974.54 2448.55 9826.72 5048.82 1296.62 10523.12 46185.41
~·|;Borrowing 7139.01 203.50 0.00 152.62 508.75 170.83 98.31 782.89 660.88 3184.63 12901.42
||· ·|| ·| -|
~||··|·||
Foreign
Currency
-Asset 960.87 1391.37 426.48 588.26 4101.62 2436.79 3757.76 1348.10 328.23 1141.68 16481.16
||· ·|| ·| -|
· ·|·||/· ·|·||¸
Foreign
Currency-
Liability/ 69.83 1827.06 400.76 558.29 3540.21 2765.66 1426.89 3358.67 291.23 2242.56 16481.16
Liabilities
|||··|
Particulars
·i ºii·-i+ ii+cl+ªºi /Qualitative disclosures:
|-|·-||-||·|·| ·| ·|| |-|·|| ·+ ¸·| |·|·|| ;|·| |+¸ ·|¸ ~·| ·| ·|||-|·|| ··| +| ·|·|| ·| ·||-|+ ¡|·+| ·| + ~·||-| r·||· ~ ·| ·||·|| + ·|| |·|·| ·|||··||
r ·| |+·|| ·||·|| r ·
Credit rating accorded by the following credit rating agencies has been used in assigning risk weights to our credit accounts under
standardized approach:
1) ·||¸~|·, ;CARE 2) ·||~|·~|, ¸·|~|, ¸-|;CRISIL 3) ¸+~|, |·||¸|;FITCH 4) ~|, ·||~|·¸;ICRA
,|·| +·| ·| ·| ||·|,;Listed in alphabetical order)
· ,·| .|·|| ·|-| r ·| ·|·|| ·| +| ·|, ~ ·| ·| ·|| |-|·|| ·+ ¸·| |·|·|| ·| +| , ||·|·| -| -|r| |+·|| ·|·|| r :
There has been no change in the credit rating agencies used for the purpose.
· ·| ·|||-|·|| ·+ ¸·| |·|·|| -| +||| · ¸+·||| ·|· +| ·| ·|||-|·|| ··| |+·|| r ; Rating agencies have rated corporate exposures.
· + |· ·|--||·|·| ·| ·|| |-|·|| ·+ ¸·| |·|·|| ;|·| .|··| ·||| ·||-|+ |-|·| ·| +| ·| ·|| |· ~|·|||··| ·||·|| +| ·| ·|||-|·|| ··| +·-| ·| ·| + -| ·||··||·|
|··|| ·| + + ·||·· ||·|~| ~|··||~|, ;.¨.;ö÷|·||~| ÷|. ·| . ·||||. ·||·||. ;..¨ö.¨¨;.¨¨ |·-|| + ·| -||, .¨
·| |·¸ ·|¸ |··|||-|· ·|| +| ||-|-| |+·|| r :
In assigning rating to accounts based on public issue rating given by the above mentioned rating agencies, followed
thebank has guidelines of Reserve Bank of India communicated vide their Master circular RBI/2011-12/61
DBOD.No.BP.BC.11/ 21.06.001 / 2010-11 dated July 1, 2011.
·rr|-r+r ×|)+ -s TABLE DF-5
= ºi =ii l=i-i : :: :: -ii-i+ ¡l·c+i ºi + »··i·il-i ªi l·i-ii·i +i ii+cl+ªºi
Credit Risk : Disclosures for Portfolio subject to the Standardised Approach
·r -rr>rr·-r+ ·r +c|+ººr;Quantitative disclosures :
-ii-i+ ¡l·c+i ºi -i =ii l=i-i +i +-i +ª-i + ·ii« ¢+ªi·ii =iª
Exposure after risk mitigation in Standardized Approach:
¯ ·| +·| +| ·|| |·|·| ·||·/Below 100% Risk Weight 66,840.82
¯ ·|| |·|·| ·||· /100% Risk Weight 35,424.79
¯ ·| ~|·|+ +| ·|| |·|·| ·||·/More than 100% Risk Weight 14,102.87
+| ·|| /Deductions 12,131.92
·ii ·i / Total 1,16,368.48
,+·| ÷ < ·| ;< In Crore)
129
·rr|-r+r ×|)+ -c
TABLE DF-6
=ºr =rr |=r-r ·r ºr-r-r
Credit Risk Mitigation
·i ºii·-i+ ii+cl+ªºi / Qualitative disclosures :
(~) ·| -|-| ·|~| ~| · ··|+ ,·|· + ·|·||·|| ·|-| +| ··|·|| ·| |·|·| ·||·|| ·|+ ·| + ;|·| |+·|| ·||·|| r ··|+| ·| |+ ·|·|| ··|+ |-|¸ -|||·| ¸|
·||+·|| ~ | ·|| |·|·| ·|·|·|-| ·|+-||+ ·| -|-| ·|~| + ·|·||·|| ·|-| ·| ·| ·||
(a) Policies and processes for, and an indication of the extent to which the bank makes use of, on and off balance
sheet netting
= ºi =ii l=i-i iiºi-i-i ·i+-il+ - ·i -i-i ·i>i + ªi-ii·ii =i-i ªi ·i ·il / Credit risk mitigation techniques- On Balance Sheet netting
·| + ,·| ·|·| + ~··|·||-| |-||-| ~ ·| ¸+·||| ·|· + ~|·||· |· | ·|| ~||··|+·|| +| ·|·|-|| +··|| r |+-
The Bank computes capital requirements on the basis of net credit exposure subject to the conditions that the bank
i) ·| + + ·||·| ·|r |-|·+·| |-|+|-|-| +| ¸+ ·| |||·|·| |||·|+ ~|·||· r |+ ||r +|· ··||| |·|||-|·|| ~·||| ·||·|-| ~-|·| r ~·||| -|r|,
·|··| + ·| ·|·| -| ~|||·|+|· ·| -|| |·| ·|| ~| +·| |·| +·|· ·||·| -||·| r :
has a well founded legal basis for concluding that the netting or off setting agreement is enforceable in each relevant
jurisdiction regardless of whether the counterparty is insolvent or bankrupt;
ii) ·| + |+·|| ·|| ·|·|·| ··|| +|· ··||| + ~ |;~|·|·| ¸| ·|·||·||·|·|| +| |-|·|| |··| +· ·|+·|| r ·|| -| |·| ·||··|| + ~··|·||-| r :
is able any time to determine loans/advances and deposits with the same counterparty that are subject to the netting
arrangement;
iii) ·| + |-||-| ~|·||· ·|· ·| ·|·| ¸+·|·|| ·|·| ·|· |-|·|·|-|| ··|·|| r ~| · ·-|·|· |-|·| ~|| +··|| r , ~ || ~| · ~|·|·|| +| ¸+·|·|| ·|· + ¬ ·| ·| ·||-||
·||·|| r ~| · ·|·||·||·| +| ·| ·||·| |+ ·||·|·| |·| + ¬ ·| ·| ·||-|| ·||·|| r :
monitors and controls the relevant exposures on a net basis; Loans and advances are treated as exposure and deposits are
treated as collaterals.
= ºi =ii l=i-i iiºi-i-i ·i+-il+-·iiª cl /Credit risk mitigation techniques- Guarantees
i) ·rrº c| +r ir··r=r, ª·r·c, ¤·r|º·r·r -r|·r {·r ºr·r º|r·r rr -rr -rr|r{/Guarantees should be direct, explicit, irrevocable and unconditional.
ii) ·||·|··||·|-| ·||··|| -||·| +| ·||¸·||: ,·| ·|+|· +|· ··||| +| ·| -|-|| ·| +·| ·|| |·|·| ·||· ||-|| + ·|-|| ;|·| ·||·| ·||· | ·| ·| ·|| ·||· +·|
r| ·|| +·|| |+ +|· ··||| ¸+·|·|| ·|· + ·| ·|-|·| ~ ·| ·| ·||· |+·|| +| ·|| |·|·| ·||· ·|·|-| · |·|·| r ·|·||+ ~·|·|-|·| ~ ·| ·| ·| -| +|· ··|||
+| ·|| |·|·| ·||· ·||·|·|||··| r :
Substitution approach will be applied. Thus guarantees issued by entities with lower risk weight than the counterparty will lead
to reduce capital charge since the protected portion of the counterparty exposure is assigned the risk weight of the guarantor,
whereas the uncover portion retain the risk weight of the underlying counterparty.
iii) ·||· | + |-|¸ ·||·||-|-| ~·| -||¸ ~|··| ·| ·| +| ·||-|| |||r¸;Operational requirement for guarantees must be met.
iv) ·|| ··| ·||· |+·|| ~| (+|· · ·||· |+·||~|) +| ·| ||;Range of eligible guarantors (counter guarantors)
|-|·-||-||·|·| ·| ··|| ;|·| |·¸ ·|¸ ~ | ·| ·-|| +| ·||-·|·|| ·| ·||¸·||;Credit protection given by the following entities will be recognized:
+;a) ·|·+|·, ·|·+|·| + |-|| ,·||~|, ¸·|, ~|, ¸·|¸+, ·| ·| ||·|-| ·| -| ·| +, ¸·|·||÷|, ¸·|·||·||·|| ~| · ·||·|||¸·|¸·|, ), ·| + ¸| +|· ·||| +|
·| -|-|| ·| +·| ·|| |·|·| ·||· ||-| .||·||·|+ ·||||·|,
Sovereigns, sovereign entities (including BIS, IMF, European Central Bank, MBDs, SCGC and CGTSME), Banks and Primary
dealers with a lower risk weights than the counter party;
·|;b) ‘¸¸’ ·|| ··|·| ·| r·|· · |·| ||-|| ~-·| + ·||-|·|| : ,·|·| ·| -|, ·|r|·|+ ¸| ·| ·|, + ·||-|·|| ;|·| |··|| ·|·|| ·||· | +|· ··| |··||·| ·| ·|||·|-|
r| ·||, ·|·| ·-|+| ·|| |·|·| ·||· ·||··|·||·||·| ·| +·| r| :
Other entities rated AA- better. This would include guarantee covered provided by parent, subsidiary and affiliated companies
when they have a lower risk weight than the obligor.
130
v) ·| ·|-|·| ~ ·| ·| ·| ·-|| ·|·|·|| +| ·|| |·|·| ·||· ·|·|-| · |·|·| r ;Protected portion is assigned the risk weight of the protection provider.
(~|;b) ªr ·rr|·r+ -r¸ -·rr +-r {·r ir·r ·r + |-r{ ·rq|·r {·r ir|+·rr;Policies and processes for collateral valuation and Management
·||· ·| ·||·| +| |·|+| + |-|¸ ·|··| ·| |+·|| ·||·|| r ·|| ¸+ ·| +· + ¬ ·| ·| r·| ·| ·||·| + ··| ·||·||· ·| -·| +| ··||-| ·| ··|·| r , |·|·|+| ···||· + ·|| ·| +|
·||·|| r : ·| -·|| +-| ~||··| ·| -·|| +-| ·|,|·| ;|·| |+·|| ·||·|| r, ·|| ·||·|·| |·| + ¬ ·| ·| -|| ·||-| ||-|| ·| ·| ~||··|·|| + ·||·||· ·| -·| +| ··||-| ·| ··|·|| r :
As a banker we are concerned with market value of the property that can be expected from a buyer if the property is put to
sale. So valuation is made by Asset Valuation Methodology which takes into consideration the market value of tangible assets
taken as security.
l·il-i--i ii+iª +l iil·i-i¸ l·i·ii + -i¸ -·ii +-i +l ·iql·i / Method of valuation of various types of securities:
(i) -i¸ l-i ¢·i -i·i-i +i -i¸ -·ii +-i/Valuation of land and building
·| + +| ||-| ·| || ·| ·|||·|-| ·| ·||+ ·| ·| -·|| ++| ;|·| ·|·|| ·| -·| ·||·|·|| +| ·| -·|| +-| |+·|| ·||¸: ·| |·| +| ·| -·| ~-|·| ·| -|·||·|| ·||¸·|| ~| ·
-|·|··|||-|+| |-|+|·|| ·||r·| ·|·+|·| ·|||·|+·|| ;|·| ··| ·| -·|| +-|| ·| ··|+| ·| -|-|| +| ·||¸·||: ··| ·| |·| ·|· |+¸ ·|¸ |-|·|| | +|·| +| ·| -·|| +-|
~-|·| ·| |+·|| ·||¸·|| ·|·|| ··| ·| ·||·| +| ·||·|| +·|-| ·|· -|·||¸ ·|¸ ·| -·| ·| ··|+| ·| -|-|| +| ·||¸·||:
All landed properties must be valued by Registered valuers who are in the current empanelled list of bank. The value of the land will
be assessed separately and would be compared with valuation on record by Govt. Authorities including Municipal Bodies. Construc-
tion on the said land would be valued separately and compared with value of insurance taken to cover the said property.
|-|·-||-||·|·| ·|·| +| ··||-| ·| ··|| ·||¸·||;The following points are taken into consideration:
i) |-|·|| ·| +| .|+ |·| ; Nature of construction
ii) ·||-| +| ~|·| ·|·|| ··|+| ||··||-| ·|·|·| ·|| ; Age of the building and its present strength
iii) |+·|·|| ·| r| -| ||-|| ~|·| ; Rental yield
iv) |-|·|| |··|;.|··| +· +| ·||·| ; Tax amount assessed/paid
v) ·| |·| ¸| ·||-| +| -| ~| ; Area of land and building
vi) |-|·|| ·| +| -||·|·| ; Cost of construction
vii) ·|·|r +| ·| -·| ; Value of site
(ii) =i ·i-i ªi ·il-i·ii +i -i¸ -·ii +-i / Valuation of Movable properties:
,|··| ·||+·|/|·|·|| ··|| ·|, ~||··|·|| +| ·| -·|| +-| +··| ·|·|·| ·| -·|| +-| +| ~|·||· ·||·|+ ·| |·¸ ·|¸ ·| -·| ·|| ·||·||· ·| -·| +| , ,-|·| ·| ·|| ·||
+·| r|, ··||-| ·| ··|| ·||¸:
In valuation of hypothecated/pledged assets, basis of valuation is invoice price or market price whichever is lower.
(iii) ºr ·rºr +r -r¸ -·rr +-r: :: ::/ Valuation of shares:
·||·||· ·| -·| +| ·||·+-|-| |-|·-| ·|+|· ·| |+·|| ·||·|| r :/Market value is calculated as below:
,+) ·|·|· +| ·|| ·| ·| ·||·||· ·| -·|
a) Current market price of the share
b) ||·-| ¯. ·|·||r + ·| ·|-| .||·|·| |·| + ·|·|·| ¸| |-|·-|·|·| ·| -·|| ·| ·| ·|| ·|| +·| r| ··|+| ~| ·|·|: ··| | ~-| + ÷ + ·| |-| + ·||·|-|
·| ,~-| ·|| |··| ·| || ·| + |-| ·||·· ·| ·|·| +| ·|||·|-| |+·|| ·|·|| r ) |-||-| ~||··| ·| -·| ,¸-|¸·||);| -|+ ·| +|·|·| ·|| ·||·||· ·| -·| ·| ·| ·||
·|| +·| r| , +| |-|·|| ·||¸:
Average of high and low prices of security during last 52 weeks whichever is lower. In case of units of mutual funds (only
Master Share has been included in the approved list) Net Asset Value (NAV)/Repurchase price or the market price, whichever
is less, has to be taken.
(iv) {-r ¤r; ªr| ·rr |-rªr| +r -r¸ -·rr +-r;Valuation of LIC Policy:
·rr |-rªr| +r ·r·r -rr-r ¤-·r·r ºr -r¸ -·r / Present surrender value of the policy.
·|| ·|| ·||·|·| |·| -|| ·||·|| r|, ,·| ·||·| +| ··||-| ··|| ·||¸ |+ ··| ·|·|| ··| ¬·| ·| ·|·|||··| |+·|| ·|·|| r ~| · ·|·|| ~||··|+ |||·|+ ~| ·||||·+·||¸
·| ·| +| ·|, r ·|||+ ~|·||·| |··||·| ·| ·| r| -| ·|· ··| |·|-|| |+·|| +|-||, + |·| -|| ·|| ·|+ : ,·|+ ~|·||·+·| ~|·|·| + ||··||-| ·r-| ·|+ ·||·|·| |·|
·|· -|·||·||· |-|·|·|-|| ··|-|| ·|¬ ·| r :
Whatever security is obtained, care should be taken to see that it is adequately charged and all necessary legal formalities are
completed so that it can be realized without any difficulty, whenever an emergency arises. Moreover, during the lifetime of an
advance constant watch over the security is necessary.
131
(·r/c) ·r+ ørºr |-r{ »rr-r ·rr-r ir-r=r ªr·rr|·r+ |-r--r|-r|=r·r r :/ :/ :/ :/ :/ Main types of collateral taken by Bank are –
i) ·| |·| ¸| ·||-| ·| ·|| ··|||· ·| ||·|·|| +| ·|||··|+ ·| ·|+;·|·|· |+ ·| ·| ·|+
Equitable Mortgage/ Registered Mortgage of immovable properties like land and building.
ii) ·| ·| ~| ¸| ·|·||-|·|, +-|||·;·| ÷-||· ·| ·|| ·| ·|·| ~||··|·|| +| ¡|··| ·|-|
Hypothecation of movable fixed assets like plant & machinery furniture/fixtures.
iii) ·| ·|·| ;|÷·| |·| ;, |+||·|| ;··| | ~-| + ÷ ·| |-|| +| |·|·|| ··|-||
Pledge of shares/debentures/equities/units of Mutual Funds
iv) ¸-|~|, ·|| |||-|·|| +| ·|·|-| · ·|-|
Assignment of LIC Policies
v) ·| + +| ~|-|| ·||||·| ·|·|| ··||·| |· ·|r·|||·|+|· / Lien over Bank’s own Fixed Deposit receipts
vi) ¸-|¸·|·||;+ |||| +| |·|·|| ··|-|| ; Pledge of NSCs/KVPs
(·i) ii-i =i ii+iª + ·iiª cl+·ii +i= cª·iici ¢·i =-i+l = ºi ºii ·i=i-i·ii
(d) The main types of guarantor counterparty and their credit worthiness
·||·||-·|·|· ·| + |-|·-||-||·|·| .|+|· + ·||· |+·|| +|· ·||| -| -| r ·| ~-| ·| ·| +··|| r ·
Normally Bank insists on following types of guarantor counterparty-
i) ·||·||·|·| ;·| ·| ·| |· |-|· ·|+| ;~-·| |-|+|·| +| | ·||·+ ·||· |,
Personal guarantee of partners/non-professional directors/third parties,
ii) +||| · ·||· |;Corporate Guarantee
iii) ·|··| ·|·+|· +| ·||· |;Guarantees of State Government
·| + ~·|-| ·|||| + ·| ·| -|;·||·+ + ·|-|| ·| ··| |··||·| ·| ·||· | ·||··| +· ·|+·|| r ·|·| ~ | ·| ||·|| ··|| ·|·| r + ··||·+·|| ·| |-|| +| ·|·|-|
+| ·||·|| r :
The bank may also obtain guarantees at its discretion from parent/holding Company when credit facilities are extended to borrowing
units in the same group.
·|·| | ·||·+ ·||· | ·|| ·|| ·||·|| r ·|| ·||· +| ~-| ·|||-|·| ~·| -|·|·|| + ~| ||··|·| | ~-| ·||·| +| ··||-| ·| ··|| ·||¸:
When personal guarantees are warranted, they should bear reasonable proportion to the estimated worth of the person.
(=;e) irºr-r-r + -r|·rº = ºr »rr |=r-r ªr + cºr + ·rrº -r ªr¸ -r-rr: :: ::
Information about credit risk concentrations within the mitigation taken –
~| ·|| |·|·| +| +·| +·-| r ·| ¸+·|·|| ·|· +| ·| | ·|: ·|| ~ ·|·|: -|+·|, ·||·|·| |·| ·|| ··|| +|· ··||| ·| ·|·||·||·|·|| , |+·|| ·| ·||·| ·|-| +| ·||· |
;|·| + --|+ ·| |+·|| ·||·|| r :
In order to mitigate the credit risks, exposures are collateralized in whole or in part by cash, securities, deposits from the same
counterparty, guarantee of a third party.
·||·||· ·| -·| ·| ··||·-|«|| + +|·| ·||·||· ·|| |·|·| ···|--| r| ·|| r , |·|·| |·|+| ·| ||·|, ··|·|| +·|| +| ||··|·|| ·||, ||·|·|| ·|·|· ·|·| ¸| ~| |
+·|· + ·||··|·| ·| +·| |+·|| ·||·|| r :
Market risks arise from movements in market prices which are mitigated through sales contacts, consumer financing, buy back
clause and deficiency agreement.
ii-ii>ii·-i+ ii+cl+ªºi / Quantitative disclosure:
·||-|+ ¡|·+| ·| + ~·||-| r ·|·+ +| -||·| +·-| + ·||· ·|| ··| ||··||·| ·| |||·|+| ;|·| + -| <¹·¹...· +·| ÷ + ¸+·||| ·|· +| ·| ·|-|·| |+·||
·|·||:
Total exposure covered by eligible financial collaterals after application of haircut under standardized approach- < 13932.29 cr.
132
·rr|-r+r ×|)+ -º
TABLE DF-8
+·il·i+·i ·ilr·ii -i ·ii=iiª =ii l=i-i
Market Risk in Trading Book
l-i--il-il=i·i + l-i¢ ·i¸ =il +l »i·iº·i+·ii / Capital requirements for :
··||·| ·· ·|| |·|·|;Interest Rate Risk 403.06
, |+|| |··||·| ·|| |·|·|;Equity Position Risk 97.27
||· ·|| ·| -| ·|| |·|·|;Foreign Exchange Risk 2.25
,+·| ÷ < ·| ; < In Crore)
·i ºii·-i+ ii+cl+ªºi / Qualitative disclosures :
1. =c º·r {·r -r||·r·rr ; Objective & Policies:
|-|| ·| ~| · ||· ·|| ·| -| |-|·|·|| ·| ·||·||· ·|| |·|·| +| ·|||·|·| +·-| r ·| : ,·|+ |-|¸ ·| + -| · ·|| ~| · ||· ·|| ·||·||~| r ·| ·|| ÷ ;|·| ~-| ·|| |··|
-|||·|·|| ~|-||, r :
To limit the market risk in Investment and Forex instruments. For this the Bank adopted policies approved by the Board for
Domestic as well as Overseas Branches.
2. +r·r-r||·r {·r ir|+·rr ; Strategies and Processes:
·ir -ill·i ¢+ªi·ii =iª ·iª l·il-i--i ªil-ii»i +i iii·i·ii-i +ª·il r ! l·i« ºi lª·i·i + -øi + l-i¢ »-i -ii l«·i -ill·i + »-i ªiiª l·i« ºi lª·i·i + -øi
+l ª·ii-il·i ¢¢-iªil»i ªil-il·i +i·i -ill·i »i ª iil+·ii ·iª ··ii-i « ·il r !
Policy provides various limits on exposures. Local ALCO Committee of overseas centers takes care of strate-
gies and processes as per approved policy for overseas centers.
3. ªi ·i l·i·i =ii l=i-i ii·i ·i +i·i +l ªi ª·i-ii ¢·i ªi ·ia-i·
Structure and organization of the relevant risk management function:
|-r·r ºr ªr ªr ·r |·r·r |-rºr ·r +r·rr º c |-r·r ºr ªr|-r|·r ørºr |-r{ »rr·r r ! ;ªr ªr|-r|·r -r +r·r ·rr-r+ |-r< ºr+ ·r +-r ·r|ºr·r +r·rr º c =ºr, ,, ,, |-r=
+r·rr º c, ,, ,, |·r··r {·r +r ·r ºrr=rr, ,, ,, -r ·r; + -rrrir·r ·r+·rºr ºrr|-r-r r ! |·r< ºr |ª·r·r + cr ·rº + cr + -r =·r +r·r ·rr-r+r + ¤·r|-r ª·rr-r|·r
ªr|-r|·r |-r< ºr+ -r =-r ørºr ¤-r -rr |<·r -rr·r <ºri |ªrqr ·rr + ¤-r ªrrº |-rºr ·r -r ·r| r ! ·r + -r +ar º +r·rr ·-r+ ¤-r·rr·r r ·r + c ¤r |+ªr, ,, ,,
|-r= ¤r |+ªr {·r ·r + ¤r |+ªr +r·r º·r r ! »rr |=r-r ir·r ·r |·r-rr·r, ,, ,, ir·rr-r +r·rr -r·r ªr-r:r ªr |·r-rr·r + |-r{ |-r= ¤r |+ªr + =·r -r +r·r
+º·rr r!
Investment decisions are taken by Corporate Investment Committee comprising of Executive Director, General
Managers of Flagship Corporate Credit, Mid Corporate, Finance and Treasury Branch, Mumbai. At overseas
centers local committee under Chief Executives of the centers takes decision as per guidelines approved by
the Board. The Bank has front office, mid office and back office for strict functional segregation. Risk Manage-
ment Department at Head Office performs the function of mid office for overall portfolio.
4. »rr |=r-r +| |º·rr| c·r ¤r º/ ·rr -rr·r ·rq|·r +r +r·r=r>r {·r ª·r=·r
The scope and nature of risk reporting and/or measurement system:
· ·|| ¸| ||· ·|| ·||·||~| ;|·| |·¸ ·|¸ ·| + ~| +| ·| ·| |||·| ·|·|·|-·|·|·| ·|· ·|·||-| +|·|| -|·| +| ·| ·|| ·||·|| r : ·|| |·|·|| + ·| -·|| +-|
+ ·||·| |·|·||r| ~|·||· ·|· |··|| |·| ·|| +| ·||·|| r : ·| + ;|·| ·|·| +| ·|, |||·|--| ||| +·| | ¸| ~-·| ·||·||~| ·| |+·|| ·|·r + |||-|-|
+| ·| |-|| ·|| ~||··|+ ~-| ·|| ·-| r ·| ·|·||-| +|·|| -|·| +| ·| ·||·|| r :
Periodic Reporting of full details of Bank’s exposure undertaken by the domestic and overseas branches are sent to Head
Office. Quarterly reporting with evaluation of risks are also made. Any breaches from various prudential and other limits fixed
by the Bank are also referred to H.O for necessary approval.
5. »rr|=r-rr ªr ·r-rr·r ¤rº/ // // ·rr =ªr +-r +º-r + |-r{ -r||·r·rr {·r ·r-rr·r/ // // +-r| +| ¤-r·rº·r ir-rr·r+r|º·rr ·rº |-r·rºr-r| º=r-r r·r +r·r-r||·r {·r ir|+·rr{ : :: ::
Policies for hedging and/or mitigating risk and strategies and processes for monitoring the continuing effec-
tiveness of hedge/s mitigants:
·| + +| -|||·| r |+ ||· ·|| ·| -| ·| -|·|·|·| ·|·||-| |··||·| ·|-||¸ ··|| ·||¸: ·|·|||·|, ·| ·| |·|·| +· |·|·|| ·| |·-|·|·|, ·|·|·|· ·| ·|| |||·|--|
·||·||~| ·|·|| ·|·|·| ¬·|·|| ·| ·| + + ·||··||·| ¬·|·|| ·| ·|·|·|· +| ·| +·| |··||·| ·||·|| +| |-|·|| ·| |+·|| ·|·|| r ~| · ··|+| |-|·|·|-||
·|·|·|-·|·|·| ·|· +| ·||-| ||-|| |··|| |·| + ~|·||· ·|· +| ·||·|| r :
The Bank’s policy is to maintain near square position in Forex. However various limits like daylight, overnight in respective
currencies as well as overnight open position limit in Indian rupees for the Bank as a whole have been fixed and the same is
monitored through periodic reporting.
ii-ii>ii·-i+ ii+cl+ªºi / Quntitative disclosures :
133
·i ºii·-i+ ii+cl+ªºi· / Qualitative Disclosure:
·| + -| |-|·-||-||·|·| + |-|¸ ·|,|·|, ·||+·|| ¸| |-|·|·|-|| ·||··|| +|·|·| +| r
The Bank has put in place systems, processes and monitoring mechanism for -
• ·|·|| ·|r·|·| | ···||·|, |+·||+-||·||, ·||+·||~| ~| · ·|,|·|·|| ·| ||··||-| ·||·||-|-|·|·| ·|| |·|·|| +| ·|r||-| ·|·|| ·| -·|| +-|
Identification and assessment of operational Risks inherent in all material products, activities, processes and systems,
• ·||·||-|-|·|·| ·|| |·|·| ·|| +|,-| ·|·|| r||-| + ·||··| -·| ·| ·|r·|·| | ¸+·|·|| ·|· ·|· |-|·|·|-|| ··|-|| ·|·|| ||·· ·|·| ·|-| ¸| |-|· ·|+ ·| ÷-|
+| ~||··|+ ·| |-||¸ ·|·|-| +·-||
Monitoring operational risk profiles and material exposure to losses and reporting pertinent information to Senior Manage-
ment and Board of Directors.
• ·|r·|·| | ·||·||-|-|·|·| ·|| |·|·|| +| |-|·| |~|·| +·-| ·|·|| +·| +·-| r ·| -|||·|·|| , ·||+·||~| ¸| +|·| ·|||-|| +| |-|·|| | +·-||
Framing policies, processes and procedures to control and mitigate material operational risk.
||·||-|-|·|·| ·|| |·|·| .|·| ·| + |-|¸ ·| ·|-||··|+ «| || |-|·-| .|+|· ·| r
The Organizational set up for operational risk management is as follows:
• |-|· ·|+ ·| ÷-| ; The Board of Directors
• |-|· ·|+ ·| ÷-| +| ·|| |·|·| .|·| ·| ·||·||·| ,~|·¸·|·||·||); Risk Management Committee of the Board (RMCB)
• ||·||-|-|·|·| ·|| |·|·| .|·| ·| ·||·||·| ,·||~| ~|·¸·|);Committee for Operational Risk Management (CORM)
• ||·||-|-|·|·| ·|| |·|·| .|·| ·| +-| ,~| ~|·¸·|·||);Operational Risk Management Cell (ORMC)
• +|··||· ||·||-|-|·|·| ·|| |·|·| .|·| ·|+ ,·||~| ~|·¸·|);Business Operational Risk Managers (BORM)
• ||·||-|-|·|·| ·|| |·|·| .|·| ·| ||·| ·|-| ,~| ~|·¸·|¸·|);Operational Risk Management Specialists (ORMS)
• ·|||·|·| .|·|·| ||·||·|;Risk Management Department
|-|· ·|+ ·| ÷-| ·|·|| ···||·|, |+·||+-||·||, ·||+·||~| ¸| ·|,|·|·|| ·| ·||·||-|-|·|·| ·|| |·|·| + ·|·| ·| r ·| ·||·||-|-|·|·| ·|| |·|·| ·|·| ·| «| ||, ~| ·
··|+ +|·|| -|·|-| ¸| -|||·|·||, ·||+·||~| ¸| +|·| ·||||-|·|| +| ~-| ·|| ·-| +··|| r :
Board of Directors approves Operational Risk Management framework, implementation and policies, processes and procedures for
managing operational risk in all products, activities, processes and systems.
·|| |·|·| +| ·| |-|| ~| · ; ·|| ·||| |,|·| +| +|·| -| ~| ¸| ·|¬| ;Scope and nature of Risk Reporting and/or measurement system:
·| ·| r|·| +| ·||-| ||-|| |·|| ~| · ·-|+| ~|||·|+·|| |-|·-||-| ·||· r ;The reports that are collected and the periodicity is as follows:
ªr =·rr |º·rr c +r -rr-r ¤r·r|·r+·rr
No. Name of the Report Frequency
1 +| +| |||·|+ ·|·||-|| |||·|+
Annual Review of frauds Yearly
2 ~||·| + · ÷ -|·||-| +| |||··| |||·| +
Details of levy of penalties Yearly
3 ·|·||-|| +| ~-| ||-|-| |||·| +
Compliance of reviews Yearly
4 ·||·||·| ·| ·||||· ~| · ·| ·|-| ,| - .|+|· ¸| ··|· +
~-| ·||· ||·-| |·|·| r||-| ~| +÷|
Loss Data analyzed business line-wise and as per Basel event types and levels. ··||r|;Half yearly
5 .|·|||~|||·|+·|| ||·-| ·|·| ·| | +·|;Impact-frequency analysis matrix ··||r|;Half yearly
6 ||, ·|, ~| · |·| -|| ·|, ·|·|·| r||-|;Revenue leakage detected and recovered |·|·||r|;Quarterly
7 |||·|·| -| ·|||·|-|| |·|| | +| ·| ·||· ~|-|·||·|·|·||~| +| ·||· ||·||-|-|·|·| ·|| |·|·| ·| ·| ·|| |·|·||r|
Gist of serious irregularities in various audit reports – operational risk related Quarterly
·rr|-r+r ×|)+ - s
TABLE DF - 9
·r|º-rr-r-r·r·r =rr |=r-r
Operational Risk
134
·| + +| ··|||·|·| -|||·|·|| ¸| ·||+·||~| +| ·|·|| ··|·|| + ·|·| ~| ·| -·|| +-| ¸| ~-| ·||-|-| r ·| |-|· ·|· |-|·|·|-|| + ~ ·| + ¬·| ·| ·|·|| ··| ~| ·||·+
-| ·||·|·|-|| +| ·||·|| r : |-|· ·|+ ·| ÷-| +| -| ·||·|·|-|| ·||·||·| -| ·||·|·|-|| +|·| +·| + +|·| -| ~| ¸| ~|||·|+·|| ·| |-||·|·| +··|| r : |-|·|-|| ||·||·|
~| ·||·+ +|·| +| ||+|·| ¸| ·|·| | -|| +··|| r :
In order to provide independent assessment of adequacy of and compliance with, bank’s established policies and procedures
adequate internal audit coverage is in place as a part of ongoing monitoring. The Audit committee of the Board ensures the scope and
frequency of the audit programme. The Inspection department develops and oversees the internal function.
·|·|| ||··||·| ||·||·||/ +|·| ·||· ,+|,·|| +| ·| ||·| |+·|| ·|·|| r |+ | ~|·¸·|÷| +| -|, ·||·||||·|·|| , -|, ·|r-|| , ···||·| ¸| ·||·||-|-|·|·|
·||·|·| -|| + ·||· ·| ·| ·| ·|·r ~|·|·| +·|¸ ·|||+ |+·|| ·|| ~|· |·|+ |··||·| ·| ·|·|| ·| ·| |·|·| ·|| |·|·|| +| ·|r||-| +| ·|| ·|+ :
All financial departments/business units have been informed to keep the RMD fully informed of new developments, initiatives,
products and operational changes to identify all associated risks at an early stage.
·| + -| |||·|--| r||-| ,| - ·|+|· ¸| ·||·||·| ·| ||·|| + ~·||-| (·||·|-|II + ~-| ·||·) ·| ·| ·|·| ·||·||-|-| ·|| |·|·| r||-| ~| +÷| + ·| ·|r| +| +|·|
·||· ·| |+·|| r ·|||+ ·||·||-|-|·|·| ·|| |·|·| + +|·| ·| ·|| ~||··|+·|| +| ~|+-|-| +·-| + |-|¸ ¸+ ·|| ÷-| +| ||+|·| |+·|| ·|| ·|+ :
The Bank has commenced collection of relevant operational risk loss data under different loss event types as also different business
lines (as per Basel-II) to develop a model to estimate capital requirement on account of operational risk.
||·||-|-|·|·| ·|| |·|·| | ·|| |-|·|| ··| + |-|¸ ·| + -| ·| |-|·||·| ·| + ·|+ ¡|·+| ·| +| ·|·|| ·| |+·|| r , |·|·|+| ||·+-|-|| ·||··||·| |··|| ·| + ;|·|
“| ·|| |·|| ·|·|| ¸| ·||·||· ~-| ·||·|-| |· ||| +| ·| ·||·| ··|| |·|,| ·|–-|¸ | ·|| |·|| ·|·|| «| | +| +|·|| -|·|-|”, ||·|·| |· ·-|+ |~| |·-|| + .¯
~.| -|, .¨¨¯ ·| |-||r·| r :
For operational risk capital assessment the Bank used Basic Indicator approach as envisaged by Reserve bank of India in their
communication dated 27th April, 2007 on the subject “Prudential guidelines on capital adequacy and market discipline – Implementation
of New Capital Adequacy Framework”.
135
·i ºii·-i+ ii+cl+ªºi/Qualitative disclosure:
·| + -| ~|-|| ~||··| · ·|·|| .|·| ·| -|||·| ·| ·||· +| r ·|| ·| ||+·| +| ·||r·|| ·| ··||·| ·· ·|| |·|·| ·| ·| ·| |·|·| ·| ·| +| |-|||-| +··|| r : ·| + ||-|
||··||·| |·| +| ·| ·| ~||·| ~| · ·||·| r| ¸+ |·| +| ~||·| + |-|¸ ·|| |·|·| |· ~·| -| ,, ¸~|·) + .|·|| ·|-| ¸| ~|+-|-| r ·| ·||··||·| |··|| ·| +
;|·| |·¸ ·|¸ |··|||-|· ·|| + ~-| ·||· ··||·| ·· ~|··|··|| + ·||· ·| .|··| + ·||r |||··| ·| ·||· +··|| r : ·| + ·||··||·| |··|| ·| + ;|·| ,·| .|·|| ·|-|
r ·| |·¸ ·|¸ |··|||-|· ·|| + ~-| ·||· ||··|| |·|·| ~||·| +| |||··| ·|| .|··| + ·|r|-| ·| ·||· +··|| r ~| · ~||·| ~|·|||··| ¡|·+| ·| + ~ ·|·| ·| ··||·|
·· ·| ¨¨ ~|·||· ~ +| + ||·|·| -| + |-|¸ , |+|| ·| ||·|·| -| ,·||-|| -| |·| ) +| ~|+-|-| +··|| r : ·| -|| r| |||··|| +| ·|·||-|| ·| + +| |-|· ·|+
·| ÷-| +| ~||··| · ·|·|| .|·| ·| ·||·||·|;·|| |·|·| .|·| ·| ·||·||·| ;|·| +| ·||·|| r :
Bank has in place Asset Liability Management policy that addresses issues related to Interest rate risk in Banking Book. Bank draws
every month statement of Interest Rate sensitivity in accordance with the guidelines given by Reserve Bank of India for the purpose
and estimates of Earnings at Risk (EaR) for the remaining period of the current financial year and as well as over one year horizon.
Bank also draws every month statement of modified duration in accordance with the guidelines given for this purpose by Reserve
bank of India and estimates change in the Equity (i.e. Net Worth) for 100bps change in the interest rate under Duration Based
Approach. Both the statements are reviewed by Bank’s Asset Liability Management Committee and Risk management Committee of
the Board.
ii-ii>ii·-i+ ii+cl+ªºi (11 -ii·i , zu11 +l lª·il·i + »-i ªiiª)
Quantitative disclosures : (As on 31st March, 2012)
1) ¨¨ ~|·||· ~ + + |-|·-|·||·|| ,+ ·| ·||·||) ·· ·|| + + |-|¸
~·| -| ·| ~-| ·|||-|·| | |, ,»|·|)
1) Estimated increase (decline) in earnings for
Downward (upward) rate shock of 100 basis point < 2.63 +·| ÷;Cr.
2) ¨¨ ~|·||· ~ + + |-|·-|·||·|| ,+ ·| ·||·||) ·· ·|| + + |-|¸
~||·| + ·| -·| ·| ~-| ·|||-|·| | |, ,»|·|)
Estimated increase (decline) in economic value for
Downward (upward) rate shock of 100 basis point 9.95% of Equity
·rr|-r+r ×|)+ -Jc
TABLE DF-10
·r |+·r ·r|r·rr -r ··rr=r «º =rr |=r-r (¤r¡ ¤rº¤rº·r|·r|j
Interest Rate Risk in the Banking Books (IRRBB)
,+·| ÷ < ·| ;< In Crore)
136
UCO Bank
Head Office : 10, B. T. M, Sarani Kolkata - 700 001
Proxy Form
(To be filled in and signed by the Shareholder)
Ninth Annual General Meeting
Dated June 26
th
, 2012
Regd. folio No.
(if not Dematerialised)
DP ID No.
Client ID No.
(if Dematerilesed)
I/We _________________________________ resi dent/s of __________________________________ i n the di stri ct of
______________________ in the state of _______________ being a share holder/shareholders of UCO Bank, Kolkata hereby appoint
Shri /Smt. __________________________ resi dent of ________________________________ i n the di stri ct of
_____________________________ in the state of _________________________ or failing him, Shri/Smt. _____________________
resident of ____________________________ in the district of ___________________________ in the state of _________________
as my/or our proxy to vote for me/us and on my/our behalf at the Ninth Annual General Meeting of the shareholders of UCO Bank, to be
held on Tuesday the 26
th
June 2012 at 11.00 A.M. at Bhasha Bhavan Auditorium, National Library, Belvedere Road, Alipore, Kolkata-
700 027 and at any adjournment thereof.
2012
Signature of first named / sole Shareholder
Re. 1/-
Revenue
Stamp
Instructions for Signing the Proxy form:
1. No instruments of proxy shall be valid unless,
(a) In the case of an individual shareholder, it is signed by him/her or his/her attorney, duly authorised in writing;
(b) In the case of joint holder, it is signed by the shareholder first named in the register or his/her attorney, duly authorised in writing;
(c) In the case of a body corporate signed by its officer or an attorney duly authorised in writing,
2. An instrument of proxy shall be sufficiently signed by any shareholder, who is, for any reason, unable to write his/her name, if his/her
mark is affixed thereto, and attested by a judge, Magistrate, Registar or Sub-Registrar of Assurance or other Government Gazetted
Officer or an Officer of UCO 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 the power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited at the Head Office
of UCO Bank, Finance Dept. (Share Section), 2, India Exchange Place, 3rd floor, Kolkata-700 001 not less than FOUR DAYS
before the date of the Annual General Meeting i.e., on or before the closing hours of Thursday, the 21
st
June, 2012.
4. No instrument of Proxy shall be valid unless it is as per Form "B" and is duly stamped.
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 Annual General Meeting to
which such instrument relates.
8. No person shall be appointed duly authorised representative or a proxy who is an officer or an employee of UCO Bank.
Form "B"
Signed this day of
Signature of Proxy
Name :
Address :
137
UCO BANK
ELECTRONIC CLEARING SERVICES (ECS) ? MANDATE FORM
Date :
M/S. Karvy Computershare Private Ltd
Plot No. 17 to 24, Vittalrao Nagar,
Madhapur,
Hyderabad ? 500 081
Dear Sirs,
Re : ECS Mandate
With reference to above, I/We are pleased to exercise the option for Electronic Clearing Services
(ECS) and furnish hereunder the particulars of bank account to receive payments through Electronic
Clearing Services :
Folio Number
Name of the Bank (Full Name)
Name of the Branch
Full address of the Bank
9 digit code number appearing on the
MICR Band of the cheque supplied by the Bank
Account Type (Savings/Current/Cash Credit)
Account Number (as appearing on the
cheque book)
(Please attach a photo copy of a cheque of your bank duly cancelled for ensuring accuracy of
the bank name, branch and code number.)
I/We hereby declare that the particulars given above are correct and complete. If the transaction
is delayed because of incomplete or incorrect information, I/we would not hold the Company/
Registrar responsible. I/we agree to discharge the responsibility expected of me as a participant
under the Scheme.
Folio No. Name(s) of the Registered Holder Signature of the First holder
138
··| -| +|- -·|-|· «·- ·| · ¬-| «·- - ·- ·
ì. +| , +·| -| |-|¬ « + + --| -| ·| ¬« + -
(+)|+·| |-+ · ·+|·+ + +|+-| + ·+ | ·+ | · ··-| ¦|·| -·|-|· --| |¬· |-||¬ ¬+ + ·-+ ¬+ · +||++ |+| ·| -| ;
,¬) · - +|·+ + +|+-| + ·|¬··· + +·+ -||+ · ·+|·+ | ·+ | · ··-| ¦|·| -·|-|· --| -| |¬· |-||¬ ¬+ + ·-+ ¬+
· +||++ |+| ·| -| ;
,·) |+·| |-·|+ |-+| + +|+-| + ·+ ·|++|·| | ·+ | · ··-| ¦|·| -·|-|· --| -| |¬· |-||¬ ¬+ + ·-+ ¬+ · +||++
|+| ·| -|
:. +| , +·| -| |-|¬ |+·| | · · ·+|·+ ¦|·| +| · ¬+ · -·|-|· ·+÷| ¬||·| ¬| |+·| +|·· · ·+-| -|+ |-|¬- + ·-+ - | ·+| |·- - ·+·
· |+ |+| ¬|| - ·| · |+·| ·||+|·, ||++|·|, «|+| ·|¬·· |· | +·|¬·· |· | ·· ··+|·| ·|¬+|·| ·|++|·| | ¸ +| « + + |+·| ·|++|·|
¦|·| ·- ++||· |+| ¬|| -
·. +·| -| +|+ ·| ·
,+)+ ·|·-|+| | +||++|· ,| +| , -| ) |¬·+ ·+|- - -·|-|· |+| ·| - , ··|
,¬) + ·|·-|+| | +||++|· +| |+ | ·| +| ¬| |+·| -| ··| +|·-|+ | ||++|·| ¦|·| ++||· -| , ¸ +| « +, ++|- +|| -|, |·| |+|·
,· · ·- +|·) ., , |÷·|| ·+·|·| ·| ·-| ·|, | -|, +| -|+||- :ºº ººì + +|· ||+ + ·|+ « + +| |·|¬ · ++ · ++ ·|· |- +¸ |-| · ·|·.
|- |+ :ì ·| ·|, :ºì: + +| ·+ +| ·+||-| +· | ·+ + --| ¬+| +| ¬||
+. +| , +| +·| -| |-|¬ « + + --| -| ·| ¬«+ +|- «| + ·- ·|· ·| · ·-+ ¬+ · ··| |+ - -|
·. « + + +|· ¬+| +| ·, +·| -| |-|¬ ·+|· -··| | · |+ -| ·|
-. |+-+ | ~|·|+|·· ||-| + +- + +|- +| ·, +·| -| |-|¬ + +|+-| + |+ · ·-|++ +|+ |-·+|| |+| ¬||·|
:. |¬· · ·||·+ - +·| -| |-|·|·| |-·+|| +| - - · ||+ + ·|+ « + + |-· ¬+ · +|- +·- +| -+|· --| -| ·| |¬·· - |-|¬ · «||
-
·. +| , +| | ·| |- ·-+ ¬+ · +|||+ +||-|| | +·| -| + ¬+ + |- - --| |+| ¬||·| ¬| ¸ +| « + +| ·||+|·| | ++ ·|·| -
|ÉvÉÉxÉ EòɪÉÉÇ ±ÉªÉ : 10, Ê´É. jÉè . ¨É. ºÉ®úhÉÒ, EòÉä ±ÉEòÉiÉÉ - 700001
··| -| +|-
,· ·+|·+ ¦|·| +· | -·|-|· |+| ¬|- - )
-|| |||·|+ ~|·| ·| ~+
|-| + 26 ·| ·|, 2012
·|¬·· |+ +| |-|| ·
,| ·+¸ | + --| - )
| +| +-·|- ·
· |-+ +| +-·|- ·
,| ·+¸ | + - )
+ |-+, , |-|·|, |¬-||,·|·,
¬| ¸ +| « + +||+ · ·+|·+ -¸ | - , | ¦|·| ·||·|+| ,
|-|·| __________________________, |¬-|| , ·|·, +| | -+| ·- +|··| +ü
·||·|+| , |-|·| , |¬-|| , ·|·
+| + ·-||·, |-| + :- ·| ·|, :ºì: +| ìì.ºº «¬ +¸ | - - + +|+| +- ·| |·| |·+, - ·--| -||,« ·|, « - |· ·| , ·-||+ ·, +| -|+||- :ººº::
+ | ·+ «-| |+·| ·· ··|- +· ·|| |¬ +| ¬|- |-|| ¸ +| « + + · ·+|·+| +| xÉ´ÉÓ ||- « ·|- « « + + · |-+|· |-|| ·| · + ·||
-+|·| ·| · · +|- +·- - ·+-| +·| -| |- - +·||+·||-¸ |+· -
1 /- < +|
··||
|·+·
+ :ºì: + +|
+·| -| + -·|-·
-|+
+|
+ ·+ -||+||++|·| ··+|·+ + -·|-·
|·|¬ +| -·|-· |+| ·|
+|- "«|"
139
·i¸ +i ·i +
;-i +c i l-i+ ªi-iiºii ·i-i ªi ·ii¢ (; ªil¢ªij »l·i« ºi +i-i
|··|| +
·| +||| + ··| ··| ·|· ·| | |-|
·-|| ·| ·| «. ||,-|·|| ·|·|·.
·||·||·| ·.
Æî ü ¤ü ¸ü Ö²ÖÖ¤ü - 500081
|·| ·| ·|r| ··|.
||·|·| ; ªil¢ªi »l·i« ºi
··|·| +·| + ·| ··| ·| ·| /r·| ·|r·| ,-| + | |·|+ ·|·||·|| ·|·| ·| || ,, ·||··|, + ||+-·| +| ·| ·|| ·| +··|| r /+··| r ~| ·
,-| + | |·|+ ·|·||·|| ·|·| ·| || + ·||·· ·| ·|·||·| ·| |··| +··| + |-|· ·| + ·||·| +| |||··| ·||| ·| ··| ·| +· ·r| r /+· ·r r
+| |-|·|| ·|
·| + +| ·||·| ,·| ·| ·||·|,
·||·|| +| ·||·|
·| + +| ·| ·| ·|·||
·| + ,|·| ~|·| |··| | + + ··|~|, ·||~|· ·|,|
·|· ·|--||·|·| - ~ +| +| + ·| ··||
·||·| +| ·| +|·,·||·|/||-| /·|+·| ~·|,
·||·|| ·| ··|| ,| + ·| + ·|· ·|·||·|--||·|·|,
,+ ·|·|| ·| + +| ·||·|.·||·|| ·| + ·| ··|| +| ||·| ,·|| ·| |·||·|·| +··| + |-|· |||·||·| |·|···| |+· ·|· ~·|·| ·| + + | + +| |+
·| ·| +·| ·| |·| ·| -|··| +· ,
- -- :-+ ·· · ·ª +·|/+·· - +·· - + ¬· ·) ·) ···ª -·· )· ª - + ·· ~ ª · ~-·· - · + +·ª - · - · · - · - · - -- +
·-· · + -···· - --·¬ ·--·¬ ·-·|| · - -- -+· · + ~· ---· + · - - :- --- ~ -· ···· + · - +· + +··
+· ·+·| - +·· - +
+| |-|·|| ·| ·|·|· |+ ·| ·||·+ +| ,+ , ·||·| ·| ·|·| ·||·+ + r··||-|·
140
· ·+|·+| |+·| -|, +||-|+| · ·- ·| + |+| ¬|| - |+ ·+|+- + + · - ,· +|··| +·| ·-+ · +·| +· -·|-· +· +· +· + · +·| |-|
· · +| · ·+|·+| |+·| -||+||-|+| +| |+· +· || ¬||·| |¬· « + ·-|- + ·+- +|· ·¬ |+· +| ·|·+| ·+÷ ¬|- +· ·||·- ·.|+-|
¬| · + +·|· + · +| ·- +| | ¬||·| |+·| +| +|·|··| + ·+|+- + + ·¦|· +· +| , |·-|+ · +|··| +·| ·-+ · +·| ¬|·| --| |+| ¬||·|
Wvrô:r; vaeo / Attendance Slip
,+ · +· ·+ ¬+| +· ) / (To be surrendered at the time of entry)
Shareholders/Proxy representatives are requested to produce this Attendance Slip-cum-Entry Pass signed, for admission to
meeting hall. The Entry Pass portion will be handed back to the shareholders/proxy/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.
Under no circumstances, will any duplicate Attendance Slip-cum-Entry Pass be issued at the entrance to the meeting hall.
gqfUtu cîfU / UCO Bank
|ÉvÉÉxÉ EòɪÉÉÇ ±ÉªÉ : 10, Ê´É. jÉè . ¨É. ºÉ®úhÉÒ, EòÉä ±ÉEòÉiÉÉ - 700001
Head Office : 10, B. T. M. Sarani Kolkata - 700 001
r=ltk fU : ´ÖÓ Ö»Ö¾ÖÖ¸ü, 26 ?Öæ Ö 2012, vq Jo tnT l 11.00 csu
··|- & ·||·|| ·||-| ~||÷·||··|·|, -|·|-|-| -||,·|·|, ·|-||÷·|· ·| ÷, ~-||·|·, +| -|+|| - 700 027
Date : Tuesday, 26th June, 2012 at 11.00 a.m.
Venue : Bhasha Bhavan Auditorium,National Library,Belvedere Road, Alipore, Kolkata - 700 027
I hereby record my presence at the Ninth Annual General Meeting of the Bank
-| · « + + ·+ +| , +-|·|+-|· +¸ +- --| || ¬|| · + +| · -|·- ||+ + |·+| · +| ·+-| +| ·|· -|||
Note : No gift/gift coupons will be distributed at the meeting. Please bring your copy of the enclosed Annual Report.
·| ¸·|· ;|·| ·| + +| -||| |||·|+ ~|·| ·| + ·| ~|-|| ·||··||·| ··| +·|·|| -¸ :
Wvrô:r; vaeo / Entry Pass
,+ · +· ·+ ¬+| +· ) / (To be surrendered at the time of entry)
Name of the Shareholder/
Proxy/Representative present
| ·||+ ·| +| |-||/|+|·|, | / ·||r+
|r||-| ·| ··||
Regd. Folio / DPID/Client ID No.
·| ·|·| +| ·| ··||
Number of Shares
r··||-|·
Signature
·| ·|··||·+/+·| -|/+|··
+||-|+ +| -||·|
Name: (in BLOCK Letter)
Member/Proxy
+| |-|·|| / ·||r+ |r||-| ·| ··||
Folio / Client ID No.
·| ·|·| +| ·| ··||
Number of Shares
r··||-|·
Signature
·· +·| ·| +|
-|+ ·+·· ·-·| +
· ·+|·+|+·| -||+|||+ +||-|| + -·|-·
Signature of
Shareholder/Proxy/ Authorised Representaive
Dated 26
th
June 2012
|-| + 26 ¬¸ -2012
doc_837691770.pdf
The report for the financial year 2011 - 2012 of UCO bank.
ʴɹɪÉ-ºÉÚ SÉÒ / CONTENTS
¨É½þi´É{ÉÚhÉÇ EòɪÉÇGò¨É B´ÉÆ iÉÉ®úÒJÉåå / IMPORTANT PROGRAMME & DATES
·iil·i+ »i-i ·i a+ ºc:::º +l ·iiªl=i,
ªi-i·i ¢·i ·i a+ª·i-i
Date, time & Venue of Annual
General Meeting 2011-12 Œt;& 11.00 A.M.
l ·|| |||·|+ + --|·| -| ·||·|·|-|+
Statutory Central Auditors 02
l |-|· ·|+ ·| ÷-|
Board of Directors 03
l |||·|+ ~|·| ·| + r | ·| ·|-|| ·| +|·| ·| ·||
Notice for AGM and Agenda 04-08
l ||·||·| |||·|··||·
Financial Highlights 09
l ·||·|| -| ·|+ /·| |·||·|+||·| |·| -| ~| »·| ·| -| .·| |.·| +
,|||-|+| |,|| B´ÉÆ |||,
Branch Network/Priority Sector Credit
& RRBs (Table I, II & III) 10
l |-|· ·|+| +| |··|| ·
Directors? Report 11-35
l +|··|| · · ~|·|·||·|-| ·| ·| ·|| |··|| ·
Report on Corporate Governance 36-65
l +|··|| · · ~|·|·||·|-| ·| ·| ·| |·||
-| ·||·|·|-|+| +| ·| ·||·| ·|~|
Auditor?s Certificate on
Corporate Governance 66-68
l | -|-|·|~| 2010-11 / Balance Sheet 2010-11 69-70
l -||·|r||-| -| ·|| / Profit & Loss A/c 71-72
l -| ·|| ·| ·| ·| |·|| ~-| ·| ·||/Schedule to Accounts 73-116
l ·||·| + ·|·· ·||| +| -| ·||·|·|-|+| +| |··|| ·
Auditor?s Report to the President of India 117-118
l -|+·| ·| ||r |||··| / Cash Flow Statement 119-120
l ·||·| -|II ·| +·|+··| / Basel-II Disclosures 121-135
l ·|·| -|| +|·| / Proxy Form 136
l , ·||··| ~|·|· ·| / ECS Mandate 137
l ··||··||| ·|·|| / Attendance Slip 140
-i« / Item ·i ·a ªi . / Page No.
-i« / Item ·i ·a ªi . / Page No.
l |||·|+ ~|·| ·| + º.º r | ·|r|·||||
·| · ·r-| +| ~||·|
Period of Book closure for AGM 2011-12 19.06.2012 ·| to
26.06.2012
l ·|·| -|| +|·| +| ·| ||·| +| ~ ||·| ||·|·|
Last date for receipt of proxy form 21.06.2012
+i·i + -i / Programme iÉÉ®úÒJÉ / Date +i·i + -i / Programme iÉÉ®úÒJÉ / Date
ªÉÚEòÉä ¤ÉéEò
UCO BANK
|ÉvÉÉxÉ EòɪÉÉÇ ±ÉªÉ : 10, Ê´É. jÉè . ¨É. ºÉ®úhÉÒ, EòÉä ±ÉEòÉiÉÉ - 700 001
Head Office : 10, B. T. M. Sarani, Kolkata - 700 001
Bhasha Bhavan Auditorium,
National Library, Belvedere Road
Alipore, Kolkata 700 027
-ii·ii -i·i-i »i l=ci lª·i-i,
-i ºi-i-i -ii¡·i ªl, ·i -i·i l=·iª ªi =,
»-il·i ª, +i -i+i·iitcc cºt
26.06.2012
2
·| ·|· ·||· + ~|·|··|+.||·| ·||· · |·|· |· + |·|··||-|||.| +|·|| -|·|| ·| ·|··|+ +· ·|+.| r
The Shareholders may also contact the following offices of the Registrar in case of need.
·|·|, · ·|r|· |· ·| ··|· ~| + +| ·|·| -| ·|, +| , ·| ·|, +¯¯ ¯.¹
+| ·| · ¯....¹c.+.¯/.+.¯
At Mumbai : Maharastra Chamber of Commerce Lane, Fort, Mumbai - 400 023
Phone 022-2286-2425 / 2427
·| ·| · .., |·|·|·| · |·|·|·| · | ÷ , | ·|·|· , ·| ·| c¯¯ ¯`¯
+| ·| · ¯++.¹`¯`¯¹+/¹++¯
At Chennai : 22, Vijaya Raghavan Rd. T. Nagar, Chennai - 600 017
Phone : 044-2815-1034 / 3445
·|, |·--|| · `¯¯`¯¹ ~··||·|-| ·|·|·|, +·|| ·-| ·|, ·|, |·--|| ``¯ ¯¯`
+| ·| · ¯``+¹¯¯-.¯¯
At New Delhi : 105-108 Arunachal Building, Connaught Place, New Delhi -110 001
Phone : 011-4350-9200
+| -|+|.|| · +-, ·|.||·| ·|·| · | ÷ ,· ·|| |.|·| ·||+ + ·||·|), +| -|+|.|| ¯¯¯ ¯.-
+| ·| · ¯¹¹.+c+¯.¹`/ ¹.
At Kolkata : 49, Jatin Das Road (Opp. Deshapriya Park), Kolkata - 700 029
Phone : 033-2464-7231 / 32
M/s Karvy Computershare Private Limited
(Unit : UCO Bank)
Plot Nos. 17 to 24 Vittalrao Nagar
Madhapur, Hyderabad ? 500 081
Telephone No. (040) 44655000
FAX No. (040)23420814
E.Mail ID [email protected]
Website www.karvycomputershare.com
ªl=iªc iª ¢·i ºi ·iª » ·iªºi ¢=i c/REGISTRAR & SHARE TRANSFER AGENT
·| ·|·| +||| + ··| ···| ·|· ·| |,| · |-||·|· ÷
,,+|, . ·| +| ·| +,
·-|| · -| . ·| º«, ||¸-|·|| -|·|·
·||·||·| ·, r ··|·||· :.. .º
· -||+| -| ·| . ,.«., ««~::...
+ +·| ·| . ,.«., ºº«º.º«
, .·| -| ~|, ÷| c·«c·d.·s©-a·.,.cc·
| ·|·||,· «««.-a·.,cc·c.tc·s·a·c.cc·
=rr |·r|·r+ + -ø|·r -r =rr·rº|=r+ / STATUTORY CENTRAL AUDITORS
-r ·rr·r ¤rr v = +r =r
·|·|·| -| ||+|·
M/s Baweja And Kaul
Chartered Accountants
-r +i aiªl ¢ = + ·i-il
·|·|·| -| ||+|·
M/s Kothari & Co.
Chartered Accountants
-r v=r·r|v v=rr |=rvc =r
·|·|·| -| ||+|·
M/s SBA Associates
Chartered Accountants
-r <r=r ·r ··rr v = v=rr |=rvc =r
·|·|·| -| ||+|·
M/s Dass Gupta & Associates
Chartered Accountants
-r ·r ··rr ºr-rr v = v=rr |=rvc =r
·|·|·| -| ||+|·
M/s Gupta Sharma & Associates
Chartered Accountants
-r ·r < v = + ·r-r|
·|·|·| -| ||+|·
M/s Ved And Company
Chartered Accountants
3
l-i« ºi+ -i =-i /BOARD OF DIRECTORS (AS ON 31.03.2012 +l lª·il·i + »-i ªiiª)
¸ÉÒ ¯ÖÏ ¾ÖßÖ ¸üÖ¾Ö»Öü
ÊxÉnä ¶ÉEò
Shri Pravin Rawal
Director
·|| · |·| ~|||· ·|·||
ÊxÉnä ¶ÉEò
Shri Ram Avtar Sharma
Director
·|| ~··| +| -|
+vªÉIÉ B´ÉÆ |ɤÉÆ vÉ ÊxÉnä ¶ÉEò
Shri Arun Kaul
Chairman & Managing Director
meY bltu s fw Ubth dw Ë;t
ÊxÉnä ¶ÉEò
CA Manoj Kumar Gupta
Director
·||·||| ··|| ·| +·
ÊxÉnä ¶ÉEò
Smt. Uma Shankar
Director
·|| Ym. aà?Nu FhlT
EòɪÉÇ {ÉɱÉEò ÊxÉnä ¶ÉEò
Shri S. Chandrasekharan
Executive Director
·|| ··| ~|· ·|-|·||· |·|·|·|
EòɪÉÇ {ÉɱÉEò ÊxÉnä ¶ÉEò
Shri N. R. Badrinarayanan
Executive Director
.|| ·| ·|||··|·| -| +| ·| ·|| |· ·|
ÊxÉnä ¶ÉEò
Prof. Sebastian Luckose Morris
Director
·|| ~··| +| -|
+vªÉIÉ B´ÉÆ |ɤÉÆ vÉ ÊxÉnä ¶ÉEò
Shri Arun Kaul
Chairman & Managing Director
4
NOTICE
mq alt mq alt mq alt mq alt mq alt
·i ·ii-i +i·ii -i·i . :c, l·i. >i . -i. ªiªºil, +i -i+i·ii tcc cc:
ueac Ott|ce . :c, u. 1. M. 8arao|, kc|sata tcc cc:
By order of the Board
of Directors
(Arun Kaul)
Chairman & Managing
Director
Place: Kolkata
Date: 18th May, 2012
NOTICE is hereby given that the Ninth Annual General Meeting
of the Shareholders of UCO Bank will be held on Tuesday, the
26
th
June, 2012 at 11.00 A.M. at Bhasha Bhavan Auditorium,
National Library, Belvedere Road, Alipore, Kolkata 700 027 to
transact the following business:-
1. To discuss, approve and adopt the Balance Sheet as at
31
st
March 2012, Profit and Loss Account of the Bank for
the year ended on that date, the Report of the Board of
Directors on the working and activities of the Bank for
the period covered by the Accounts and Auditors’ Report
on the Balance Sheet and Accounts.
2. To approve and declare Dividend on Preference and
Equity Shares for the year ended 31
st
March 2012.
·|· ,|·| ·|r ·| ·|-|| ·| ·|||| r |+ ·| +| ·| + + ·| ·|··||·+| +| -|||
|||·|+ ~|·| ·| + ·| ·|-|||·, |·-|| + º~ ·| -|, º.º +| ·| || r -| ...
·|·| ·||·|| ·||-| ~| |÷·| |··|·|, -| ·|-|-| -||,·| ·|, ·| -|| |÷·|· ·| ÷, ~-||·| ·,
+| -|+|||.. .º ·| ~|·|| |·|| +| ·||··|| |·|·|·| |-|·-||-||·|| ·|·|
·|· +|·| ||r| +| ·||··||.
. |·-|| + º ·||·| , º.º +| |··||| + ~-| ·||· | -|-|·|~|, ··||
||·|·| +| ·|·||·| |·| + |-|· ·| + + -||·| ~| · r||-| -| ·| , -| ·|
+| ~||·| + |-|· ·| + + |+·||+-||·|| ·|· |-|· ·|+ ·| ÷-| +| |··|| ·
|·|| | -|-|·|~| ·| -| ·| + ·| ·| ·| ·| -| ·|| ·|·|-|+| +| |··|| · ·|·
·|·|| +·-| ·| ·-r ~ ·||+ | +·-| r |
º. |·-|| + º ·||·| º.º +| ·|·||·| |·| + |-|· , |+|·| ·| ~|·|·||-||
·| ·|·| ·|· -||·|| ·| ~-| ·|| |·| ·| ·|| |·|| +·-| r |
,~··| +| -|,
~··|-| ·| ·| ·| ·|
|-|· ·|+
|-|· ·|+ ·| ÷-| +
~|· ·| ·|
··||-| . +| -|+|||
|·-|| + . º
·|, , º.º
5
NOTES
1. APPOINTMENT OF PROXY
A SHAREHOLDER ENTITLED TO ATTEND AND VOTE AT THE
MEETING, IS ALSO 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. The
proxy form in order to be effective must be received at the
Head Office of the Bank at its Share Section, Finance
Department, at No. 2, India Exchange Place, 3
rd
floor, Kolkata –
700 001 not later than FOUR DAYS before the date of the
Meeting i.e., on or before the closing hours of the Bank on
Thursday, 21
st
June, 2012. An employee or officer of the Bank
cannot be appointed as proxy as per provision of UCO Bank
(Share and Meeting) Regulation 2003.
2. APPOINTMENT OF AUTHORISED REPRESENTATIVE
No person shall be entitled to attend or vote at the meeting as
a duly authorised representative of any body corporate which
is a shareholder of the Bank, 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 Head Office of
the Bank with Share Section , Finance Department, at No. 2,
India Exchange Place, 3
rd
floor, Kolkata – 700 001 not later than
FOUR DAYS before the date of the meeting , i.e., on or before
the closing hours of the Bank on Thursday, 21
st
June, 2012.
The proxy form i f any executed by such authori zed
representative will be effective provided the same is also
deposited with the Bank along with the above documents on
or before the closing hours of the Bank on Thursday, 21
st
June, 2012 at the above mentioned address.
An employee or officer of the Bank cannot be appointed as
authorized representative as per provisions of UCO Bank
(Shares and Meetings) Regulation 2003.
3. ATTENDENCE SLIP CUM ENTRY PASS
For the convenience of the shareholders, Attendance slip-
cum-Entry Pass is annexed to the Annual Report. Shareholders/
Proxy holders /Authorised Representative are requested to fill
in and affix their signatures at the space provided therein and
surrender the same at the venue. Proxy/Authori sed
Representative of shareholders should state in their Attendance
Slip-cum-Entry Pass as ‘Proxy or Authorised Representative’
as the case may be. Shareholders/Proxy holders/Authorised
Representatives must carry a valid Photo identity card like PAN
Card, Election ID, Passport etc with them and will be allowed
entry only after proper identification.
4. CLOSURE OF REGISTER OF SHAREHOLDERS
The Registrar of Shareholders and the Transfer Books of the
Bank will remain closed from Tuesday, the 19
th
June, 2012 to
Tuesday, the 26
th
June, 2012 (both days inclusive) for the
purpose of Annual Book Closure and payment of dividend
declared at the Meeting.
-ii c
:. ·iªi -il +l l-i·i l+·i
·i a+ -i =·ilª·i·i ri -i ¢·i -i·i«i-i +ª-i + l-i¢ r+«iª +i ¡ ºi ·iª·iiª+
»·i-i ·i«-i ·i a+ -i =·ilª·i·i ri -i ¢·i -i·i«i-i +ª-i r ·i l+ªil ·iªi -il +i
l-i·i l+·i +ª-i +i -il r+«iª r »i ª ·ir =i=ªl -irl r l+ ¢ ªii ·iªi -il
·i + +i +i ¡ ºi ·iª·iiª+ rl ri 1 ·|·| -|| +|·| +| ·| ·|||| +·-| + |-|· ·|r
·|-·| r |+ |r ·| + +| ··|+ ·| ·|· ~-| ·||·|, ||·| ||·||·|, º, , |÷·||
·+·|·| ·| ·-| ·|, º·| |-|,+| -|+|||.... ·| ·+| ·| + +| ||·|·| ·|
+·| ·| +·| ·iiª l«-i ·| | ·||-|| ·| ·||·, |·-|| + º ·| -|, º.º +| ·| + +
+|·| ·|·|·| +| ·|·|||·| + ·| | ·| |·| r| ·||· ·| + + |+·|| +·| ·||·| ·||
~|·|+|·| +| ·| +| ·| + ,·| ·|· ~| · ·| + , |||-|·|·|, º..º + ··|·| ·|| +
~-| ·||· ·|·| -|| + -·| ·| |-|·| +| -|r| |+·|| ·|| ·|+|| r
º. ·i il·i+ ·i ·i l·il-il·i +l l-i·i l+·i
+| , ·|| ·||+| ·| + + |+·|| ·| ·|··||·+ |-|·||·|| |-|+|·| + ·|··|+ -·|
·| ·| ||·|+ | ·| |||-||·| + -·| ·| ·| + ·| ··||··|| r| -| ·|| ·||·|-| +·-| +|
|·||+ r+·|· -|r| r| ·|| ·|·||+ ·| ||·|+ | ·| |||-||·| + -·| ·| ··| ·|··|+
-·| ·| |-|·| +| +·-| ||-| ·| +-·| +| ·+ ·| ||, ·|| ··| ·| + + ~··|-|
,|·| ·| ·|||·|| ·|·| ·| || r| , |·|·|·| ·| +-·| ·|||·| |+·|| ·|·|| ·||, ·| + +
·| ·||-| +|·|| -|·| + ·| ·|· ~-| ·||·|, ||·| ||·||·|, º,, |÷·|| ·+·|·| ·| ·-| ·|,º·|
|-|, +| -|+|||.... ·| ·+| ·| + +| ||·|·| ·| +·| ·| +·| ·iiª l«-i
·| | ·||-|| ·| ·||·, |·-|| + º ·| -|, º.º +| ·| + + +|·| ·|·|·| +|
·|·|||·| + ·| | ·| |·| -| r| ·||· · ·| ·| |·|+ | ·| |||-||·| ·|·| |-|··|||·| ·| | +·||
+|·| |·|| ·| ·|||| r| ·||, ·|·| ·|r ··|·| +| ··||| ·| + ·||·| ·+| ·|| ·|· º
·| -|, º.º + +|·| ·|·|·| +| ·|·|||·| + ·| | ·| + +| ·|·|| +· |··|| ·||·
·| + + |+·|| +·| ·||·| ·|| ~|·|+|·| +| ·| +| ·| + ,·| ·|· ~| · ·| + ,
|||-|·|·|, º..º + ··|·| ·|| + ~-| ·||· ·| ||·|+ | ·| |||-||·| + -·| ·|
|-|·| +| -|r| |+·|| ·|| ·|+|| r
º. =·ilª·il·i ·i·ii ªir·i ·i ºi ·iiªi
·| ·|··||·+| +| ·| ||·|| + |-|· |||·|+ |··|| · + ·||·| ··||··||| ·|·||
·|r·| | ·| ·||·| ·| -|·-| |+·|| ·|| ·r| r ·| ·|··||·+| /·|·| -||·||·+| /
·|||·|+ | ·||||-||·|·|| ·| ~-| ·| ·| r |+ | ··| ·|· ~| · ··|·| ··|-|··|
+·|· ·|· ·||-|| ··||-| ·|· ~·|-| r·||-|· +· |·|| ·| + ··|-|
·|· ··| ~··||·|| +· ·| ·|··||·+| + ·|·| -|| /·|||·|+ | ·||||-||·| +|
··||··||| ·|·|| ·|r ·| | ·| ·||·| ·| ·|·|||··||| “·|·| -||” ·|| “·|||·|+ |
·||||-||·|” ·|--||·|| +·-|| ·|||r· ·| ·|··||·+| / ·||·-||·||·+| / ·|||·|+ |
·||||-||·|·|| ·| ~-| ·| ·| r |+ + ·|·|| ~·|-| ·||·| ·| -| +|÷ ,·||·|||
·|r·||-|·|~| ,·||·|·|| · ~||· -||· ~| · ·|r| ·|r·||-| + ·||· r| ·-r ·| | ·|
+| ~-| ·||| ·| ·||··||
+. ºi ·iª·iiª+i + ªl=iªcª +l ·i «l
|||·| + ·||||·| ·| ·| ·| + ·| ·|| |·|| -||·|| ·| + ·| ·|||-| + ·|·|| ·|-||·|
·| ·|-|||·, |·-|| + - ·| -|, º.º ·| ·| ·|-|||· |·-| |+ º~ ·| -|, º.º
,·| -|| |·-| ·||r|, |+ ·| ·|··||·+| +| ·|·|··· ·| ·| + +| ~ |··| ·|r|
·|· ·r·||
6
5. PAYMENT OF DIVIDEND
The Board has recommended (i) Equity Dividend of ` 3/- for the
year 2011-12 for each share for nominal value of `10/-
(ii) Preference Dividend on PNCPS as per terms of issue.
Payment of dividend, if declared by the Shareholders in the
Annual General Meeting, will be paid to those shareholders:-
a) who hold in electronic form, as per the list furnished by
the depositories, i.e., NSDL/CDSL as at the close of
business hours on Monday, 18
th
June, 2012 or
b) who hold in physical form in the Register of Shareholders
as on Monday, 18
th
June, 2012 after giving effect to the
valid transfer requests from the shareholders received
before close of business hours of the Bank on 26
th
June,
2012.
Dividend warrants to such shareholders would be sent by the
Bank through Registrar and Share Transfer Agents viz, M/s
Karvy Computershare Private Limited within 30 days from the
date of declaration of dividend on their registered addresses.
6. UNPAID/UNCLAIMED DIVIDEND
As per section 10B of Banking Companies (Acquisition and
Transfer of Undertaking) Act 1970 any money which is
transferred to unpaid dividend account and remains unpaid/
unclaimed for a period of seven years from the date of such
transfer shall be transferred to “Investor Education and
Protection Fund” established under section 205C(1) of the
Companies Act 1956.
Accordingly the dividend for the year 2003-04 and onward
will be transferred to “Investor Education and Protection Fund”
after seven years from the date on whi ch i t has been
transferred to unpaid dividend account.
Shareholders who have not claimed their dividend upto the
financial year 2010-11 are requested to lodge valid claim(s)
with Registrar and Transfer Agent M/s Karvy Computershare
Private Limited.
7. CHANGE IN ADDRESS/BANK MANDATE AND PAYMENT
OF DIVIDEND THROUGH NECS:
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. M/s.
Karvy Computershare Pvt. Ltd., 17 to 24, Vittal Rao Nagar,
Madhapur, Hyderabad – 500 081, in respect of change of
address, Bank Account details, viz, Name of Bank, Name of
Branch, Account Number, ECS Mandate so that they receive
dividend directly in their account & communication etc. in time,
if not already done. The format for ECS Mandate form is
enclosed in Annual Report.
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
ä -ii-ii ºi +i -i ·i·ii-i
·||÷ -| ,, |-|·-||-||·|·| +| `¨; + ·|| + |·|+ ·| -·| + .|··| + ·| ·|·
r ·| |·| .¨. + |-|¸ ` ¹; + , |+|| -||·|| ·| ,, |-|·| ·| +|
·|·|| + ~-| ·||· ||¸-|·||||¸·| |· ~|·|·||-|| -||·|| ·| +| ·| ··| |·| +| r
·||· |||·| + ~|·| ·| + ·| ·| ·|··||·+| ,|·| -||·|| ·| + ·| ·|||-| +| ·|| ·|·|| +|
·|||| r || ·-| ·|| ·|··||·+| +| ,·|+| ·| ·|||-| |+·|| ·||··||:-
+, ·|| ·|| ·|||·, |·-|| + º ·| -|, º.º +| +|·| ·|·|·| +| ·|·|||·|
·|· |-|-| ·||·||·| ,·||-|| ·-|··|÷|·-|/·||÷|··|·-| ,|·| ·| ·| | ·| ·|| +
~-| ·||· ,-| +· ||-|+ -·| ·| ·| ·|· ·|||·| +·| r , ·||
·|, ·|| º~ ·| -|, º.º +| ·| + + +|·| ·|·|·| +| ·|·|||·| + ·| |
·| ·|··||·+| ·| ·||·| | ·| ~ |··| + ~-| ·| ·| +| ·|·|||| +·-| + ·||·
·|| ·|||·,|·-|| + º ·| -|, º.º +| |··||| + ~-| ·||· ·| ·|··||·+| +
·|·|··· ·| ·|·| -·| ·| ·| ·|· ·|||·| +·| r
·| + ,|·| -||·|| ·| +| ·|| ·|·|| +| ||·|·| + º. |·-| + ·|||· · ·|
·| ·|··||·+| +| -||·|| ·| ||· · ·-|+ ·|·|·· |+ | ·|| ·|· ·|·|·· |· ·|
·| ·|· ~ |··| ··| · ·||-|| ·| . +||| + ··| ···| ·|· ·| |,| · |-||·|· ÷ +
·||·· ·| ·|| ·||··||
c. »«-i / »«i·ii+ ·i -ii-ii ºi
·| ++|·| + ·|-|| ,··|+ ·|| +| ~·| -| ~| · ~ |··|, ~|·||-|·|·| -. +|
·||·| . ·| + ~-| ·||· ·||· +| , ·||·| ~··| -||·|| ·| ·||| ·| ~ ||·|
+| ·|||| r ~| · · ·| ~ |··| +| ||·|·| ·| ·||| |·| +| ~||·| |+
~··| /~·|||+ | ·r|| r || ··| + ·|-|| ~|·||-|·|·| -:~ +| ·||·|
º.: ·|,, + ~·||-| ··|||·|| ?|-|| ·|+ |·|-|| ·| ·| ·-|·| |-||·|? ·|
~ ||·| |+·|| ·||··||
|·-| ·||· |·| º..º.« ~| · ··|+ ~|·| +| -||·|| ·| ~··| -|·|| ·|
·||| ·| ,·|+ ~ |··| +| ·| ·| |·|·| ||·|·| ·| ·||| |·| + ·||· ?|-|| ·|+
|·|-|| ·| ·| ·-|·| |-||·|? ·| ~ ||·| |+·|| ·||··||
|·|-| ·| ·|··||·+| -| ||·||·| |·| º.. |+ -||·|| ·| +| ·||| -|r|
|+·|| r , ·-|·| ~-| · | ·| r |+ | · |·|·· |· ·| ~ |· ·| ··| ·
·| . +||| + ··| ···| ·|· ·| |,| · |-||·|· ÷ + ·||·| | ·| ·|||,| , ·| ·| | +·
t. =i+ ·i·ii / ·i + »l·i« ºi -i ·ilª·i·i -i ¢·i ¢-i¡ ªil¢ªi + -ii··i-i ªi
-ii-ii ºi +i -i ·i·ii-i
+j -i¸ ·i =·i -i ·iilª·i ºi ·iª
·| | -·| ·| ·| ·|· ·||··| +·-| ||-| ·| ·|··||·+| ·| ~-| ·| ·| |+·|| ·||||
r |+ ÷|+ ·|||, ·| + ·|||| |||··| ·|·|| ·| + +| -||·|, ·||·|| +| -||·|,
·|||| ·| ··||, , ·||··| ~|·|· ·| ~||· ·| ·||· || -| r | -| +| ·| ·|-||
·|·|·· |· ·| ·| ·|· ~ |··| · ·| · ·||-|| ·| ·|·| +||| +···| ···| ·|· ·| |.|-|.,
·| º«,||¸-| ·|| -|·|·, ·||·||·| ·, r ··|·||· :.. .º, +| · |||+ |
~·|-|| -||·|| ·| ·||·| ~·|-| ·||| ·| ·| |·| +· ·|+ ~| ·.,·|+| ·| ·|-||
·|·|·| ·r| r| ·| ·|| ·|+ , ·||··| ~|·|· ·| +|·| +| ·| -·| |||·|+
·|||| ·-| ·| ·| -|·-| r
=ij ¡-i +c i l-i+ =·i -i ºi ·iªi +i ·iiªºi
,-| +· | |-|+ -·| ·| ·| ·|··||··| +·-| ||-| |r|||·|+|·| ·|||-|+| ·| ·|r
~-| ·| ·| |+·|| ·|||| r |+ | ·|r ·| |-||··|| +· |+ ~·|-| |-|-| ·||·||·
·||·||·|· + ·||·| ·|||, ·| + +| |||··| ·||-|| ·| + +| -||·|, ·||·|| +|
7
of Bank, Name of Branch, Account Number, ECS Mandate etc.
are duly updated with their Depository Participant so that they
may recei ve di vi dend di rectl y i n thei r account & the
communications, well in time, if not already done.
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 to the shareholder
provided his account is with a branch of a Bank having
all of its branches under Core Banking Solution (CBS)
and NECS Mandate of the Beneficial owners recorded
with their Depository Participant (DP). The shareholders
holding shares in physical form can also avail this facility
by submitting ECS mandate to Registrar & Share
Transfer Agent. This procedure avoids loss of dividend
warrant (s) in transit or otherwise.
8. UNCLAIMED SHARES
Few of the share certificates issued after the Bank’s Initial
Public Offer returned undelivered to our Registrar & Share
Transfer Agents on account of improper address mentioned in
the application forms and subsequent change in addresses of
the shareholders. Bank is yet to receive claim/request from
the bonafide shareholders/owners of such shares. As per the
Listing Agreement, the Bank is required to dematerialize the
shares whi ch remai ned uncl ai med by the bonafi de
shareholders/owners of such shares.
Following are details of the shares unclaimed as on
31.03.2012 :
+ -i ªi . l·i·iªºi ºi ·iª ·iiª +i ºiil-i-i ºi ·iªi
+l ªi =·ii +l ªi =·ii
Sl. Particulars No. of No. of shares
No. shareholders involved
i. |·-|| + ...«.º. +| |··||| +
~-| ·||· ~·|||+ | ·| ·|·
Shares unclaimed as on 01.04.2011 356 55408
ii. |·| º.º + ·| ·|-| ·|||+ ·| /
|r·|||·|+|·| + ·||·| ·| ~ ·||··| ·| ·|·
Shares claimed / transferred to
Beneficiary account during the year 2011-12 58 9158
iii. |·-|| + º..º.º.º +| |··||| +
~-| ·||· ~·|||+ | ·| ·|·
Shares unclaimed as on 31.03.2012 298 46250
The voting rights in respect of the unclaimed shares will remain
frozen till the claim by the rightful owner.
9. COMPULSORY TRADING OF SHARES OF THE BANK IN
DEMATERIALISED (DEMAT) FORM
Pursuant to the directive of SEBI, trading of our Bank Shares in
dematerialised form has been made compulsory for all
investors. ISIN Code Number of the Bank is INE691AO1018
The Bank has entered into an agreement with National
Securities Depository Ltd. (NSDL) and Central Depository
Services (India) Ltd (CDSL) as an issuer Company for
dematerialisation of Bank’s Shares.
-||·|,·|||| ·| ··||, , ·||··| ~|·|· ·| ~||· ~·||| r |||+ | ~·|-||
-||·|| ·| ·||·| ~·|-| ·||| ·| ·| |·| +· ·|+ ~| · ~-·|·|| ,·|+| ·| ·|-||
·|·|·| ·r| ·| ·|| ·|+
ºi ·iª·iiª+ + ·i·ii ·ir -ii c +ª l+ »·i-i =ii·i -i -ii-ii ºi ªii·i ·i i··i
+ª-i r ·i ªi·c l·i ¡-i +c i l-i+ ªi-iiºii ·i-i ·i ºii-il (¢-i¡ ªil¢ªij -iiª·il·i
lª=i·i ·i + øiªi ·i l·i·iil«·i ¢+ ·iql·i r 1 ·ir ªi l·i·ii =-i ºi ·iª·iiª+i +i
=·i-i··i r l=i-i+i =ii·ii ·i ªi ·i + -i r l=iªi+l ªi-il ºii=ii¢ ªil·il¢ªi ªi
=i = l r ¢·i lr·iil·i+iªl -iil-i+i + ¢-i¡ ªil¢ªi »l·i« ºi l-i-i ·ii·iiª ªir-ii·il
(=l·ilj + ·iiªi «=i r 1 -i¸ ·i =·i ªi ºi ·iª·iiªºi +ª-i ·ii-i ºi ·iª·iiª+
ªl=iªc iª ¢·i ºi ·iª » ·iªºi ¢ =i c + ·iiªi ¡ ªil¢ªi »l·i« ºi ·i ª·i ·i +ª
¡ªi ªi l·i·ii +i ·i i··i +ª ªi+·i r 1 ¡ªi ·iql·i ªi -ii-ii ºi ·iiª c + -ii·i -i
=ii -i ·ii »-·i l+ªil ·i +iª +l ril-i ªi ·i·ii =ii ªi+·ii r 1
º. »«i·ii+ ·i ºi ·iª
·| + + ~|· |·|+ ·||| ·||-|+ ·|·||| + ·||· ·||·| + · ·| ·|· ·|·||·|·|~|
·| ·|··||·+| + ~|| ·-| ·|~| ·| ·|--||·|| ·|~| ~·| · ÷|+ ·|| ·|
|·-| ·||· ·||·|||| ·|| +| |·|r ·| r·||· ·|·|·· |· ·| ·| ·|· ~ |··|
··| · + ·||·| ||·|·| -|| · ~|· ·| + +| · ·| ·| ·|·| + ~·|-|| ·| ·|··||·+|
/ ·|||-|+| ·| ·||| / ~-| ·| ·| ·| |·| -|r| r ~| r ·| ·||·|; +·|· +
~-| ·||· ·| + · ·| ·| ·|·| +| ~·| ||+ | ·|| |·|| +· ·|| |·|-|+| ·|||
~·|-|| ·| ·|··||·+| / ·|||-|+| ,|·| ·| ·| | -|r| |+·|| ·|·|| r
l«-ii + º:.cº.ºc:º ·i+ »«i·ii+ ·i ºi ·iªi + l·i·iªºi l-i--i·i +iª r .
~·|||+ | ·| ·|·| + + ·||·|-| ·| ·|r| ·|||-|+ ,|·| ·||| -|r| |+· ·||-|
|+ ·||||·|+|· ~|·; ··| ·||· ·|
s. ·i + + ºi ·iªi +i »l-i·ii·i =·i ªi »-i¸ ·ii+ ·i(l=-i c) =·i -i + ·i
l·i+·i
·||· ||·| ·| ||·| || ~| · |||-|·|·| ·|| ÷ , |· | |· · ·|· |· ·|||-|· ·| +
~-| ·|··| ·| ·|·|| |-|| ·|+| + |-|· ·| + + ·| ·|·| +| + ·|||+ ·|
~·| ||+ | -·| ·| |+·|| ·||-|| ~|-|||·| +· |··|| ·|·|| r ·| + +|
~|, ··|~|, ·-| + · ·| ··|| ~|, ·-|, ~-·..º r
·| + + ·| ·|·| + ~·| ||+··| r | |-|·| ·|-|+|| + ·|-|| + -·| ·| ·|·· |·|
·| ||·| || |-|-||·||·|· |-|. ,·-|··|÷|·-|, ~| · + -|·| |-|-| ·||·||· ·| ||
,·||·|, |-|. ,·||÷|··|·-|, + ·||·| ·| + -| +·|· |+·|| r
8
Request for dematerialisation may be sent through respective
depository participants to our Registrars and Share Transfer
Agent.
10. COPIES OF BALANCE SHEET/ANNUAL REPORT
Shareholders are advised that copies of the Annual Report will
not be distributed at the venue of the Annual General Meeting.
11. SHAREHOLDERS QUERIES
It will be appreciated if shareholders submit their queries, if
any, on the agenda items to be considered at the Meeting
sufficiently in advance to facilitate effective response from
the Bank.
12. COMMUNICATION WITH SHARE TRANSFER AGENTS
Shareholders are requested to intimate changes, if any, in their
registered address or any other particulars through their
Depository Participant in case of DEMAT shares and directly in
case of physical shares to the Registrar and Share Transfer
Agent of the Bank at the following address :
M/S Karvy Computershare Private Limited
Unit : UCO BANK,
Plot No. 17 to 24, Vittalrao Nagar, Madhapur,
Hyderabad – 500 081
Tel : (040) 44655000; Fax : (040)23420814
For on line queries/grievances, shareholders of the Bank may
login on the website of M/s Karvy Computershare Private
Limited i.e., www.karvycomputershare.com and click on
Investor Services page to register their queries/grievances, if
any.
13. SHARE SECTION & INVESTORS GRIEVANCE CELL
In order to faci l i tate qui ck and effi ci ent servi ce to the
shareholders, the Bank has set up Investors Grievance Cell at
its Head Office, Kolkata. Shareholders and investor may contact
this Cell at the under mentioned address for any assistance :
Shri N Purna Chandra Rao, Company Secretary, Share Section
& Investors Grievance Cell, UCO Bank, Head Office : 2, India
Exchange Place (3
rd
Floor), Kolkata – 700 001
Telephone : 033-44557227, Fax : (033) - 22485625
Place: Kolkata
Date: 18.05.2012
·| ·| |·|| |-|-| ·||·||· ·|r·|||·|·|| + ·||··|·| ·| ~·| ||+··| +| ~-| ·| ·|
r·||· ·|·|·· |· ~| · ·| ·|· ~ |··| ··| · + ·||·| ·| ·|| ·|| ·|+|| r
:c. ·i -i-i·i>i/ ·iil·i+ ·i l·i·i «-i +l ·i l·i·ii
·| ·|··||·+| +| ·| |·|| |+·|| ·|||| r |+ |||·|+ ~|·| ·| + + ··|-|
·|· |||·|+ ·| ||| ·-| +| ·| ||·|| ||||·| -|r| +| ·||· ·||
::. ºi ·iª·iiª+i øiªi ·i¸ o·iio
r·| ·| ·|·||| r| ·|| ·||· ·| ·|··||·+ ||||·|·| +|·| ·| || +| ·|·| ·|
·| ·| |·|·| | ··||·, ·||· +| , r| , ·| + ·| ·|·| |·| ·|·|·| ·r| ·| ·| |
+·,|||+ ·|+ +| .|·|||| -·| ·| ·|·| ·|· · -| ·| ·|r |-|·|| r|
1z ºi ·iª » ·iªºi ¢=i ci + ªii·i ·i>ii·iiª
·| ·|··||·+| ·| ~-| ·| ·| |+·|| ·|||| r |+ | ~·|-| ·| ·||+ | ·|| ·||
|+·|| ~-·| ·|+|· + |||··| ·| ·||·|| -|, ·||· +| , r| , ·| ·| ·|| ·| ·|-||
~·| ||+ | ·|·|·| + ·||·|-| ·| ~·|-| |-|-||·||·||· ·|r·||·|| + ·||··|·| ·|
·| ·| | ·| ·|·| + ·||·|-| ·| ·||·| ·| + + ·|·|·· |· ~| · ·| ·|· ~ |··|
··| · +| ,·| ·|| ·|· · .
·| ·|·| +||| + ·| ··| ·|· .||,| |-||·| ÷
·| |-| · ·| +| ·| +
-|| ·| . ¯ ·| .4, ||,-|·|| -|·|·, ·||·||| ·, r ··|·||· ¯¨¨ ¨-
· ··||·| · ,¨4¨) 44ö¯¯¨¨¨, + +·| ,¨4¨).¹4.¨-4
~| -|-||,-| | ··||·;|·|+|·|·| ··| +·-| r ·| ·| + + ·| ·|··||·+ ·| ·|·|
+||| + ·| ··| ·|· .||,| |-||·| ÷ +| | ·|·||,
www.karvycomputershare.com |· -|| ·| ~| -| +· ~| · ~|-||
| ··||·;|·|+|·|·|, ·||· +| , r| , ··| +·-| r ·| |-|| ·|+ ·| || | · |·
|+-|+ +· :
11 ºi ·iª ªi +ºi-i ¢·i l-i·i ºi+ lºi+i·i·i +=i
·| ·|··||·+| +| ·||··| ¸| ·| r·|· ·| || .|·|-| +·-| r ·| ·| + -| ~|-|
.|·||-| +|·|| -|·|, +| -|+|·|| ·| |-|| ·|+ |·|+|·|·| +-| +| ··|||-|| +|
r : ·| ·|··||·+ ¸| |-|| ·|+ |+·|| ·|| .|+|· +| ·|r|·|·|| + |-|¸ ,·|
+-| ·| |-|·-||-||·|·| |·| |· ·| |+ +· ·|+·| r ·
·|| ·-|.·| ·| ·| - ·||, + ·|-|| ·||·|| ,·| ·|· ~-| ·||·| ·| |-|| ·|+ |·|+|·||
+-| ,·| +| ·| +, ·|·||-| +|·|| -|·|, º , |÷·|| ·+·|·| ·| ·-| ·| ,º·| |-|,,
+| -|+||| ....
· ··||·| · ¨¹¹44¯¯¯..¯, + +·| . ,.ºº, ºº«º:~º:
,~··| +| -|,
~··|-| ·| ·| ·| ·|
|-|· ·|+
|-|· ·|+ ·| ÷-| +
~|· ·| ·|
··||-| . +| -|+|||
|·-|| + . º..:.º.º
By Order of the
Board of Directors
(Arun Kaul)
Chairman & Managing
Director
9
* Nughtü fUe mkÏgt fUt Ctrh; ytim;/* Weighted average number of Share
|·r·rººr Þart|cu|ars -rr-r ºcJº -rr-r ºcJJ -rr-r ºcJc -rr-r ºccs -rr-r ºccº -rr-r ºccz -rr-r ºccc
varco ºcJº varco ºcJJ varco ºcJc varco ºccs varco ºccº varco ºccz varco ºccc
+ -r ¤r·r + ¯ + =·r -r ºr q ··rr¤r ¤r·r
Net loterest loccæe as ¯ tc 1cta| loccæe ºs.cº ºJ.ºz ºº.Js Jz.sº ºc.++ ºs.+º ºº.JJ
¤r-rr +| ¤r =r·r -rr·r·r (¯j
Averaqe Ocst ct Deµcs|ts (¯j z.ºc s.z+ c.++ z.ºs c.z+ s.cc s.Js
¤|·r-rr =r ¤r =r·r ¤r·r (¯j
Averaqe Y|e|d co Advaoces (¯j JJ.ºº Jc.cc Jc.Jº Jc.cz s.sc º.cs º.ºc
|-r·r-r ··rr¤r -rr|¤r-r (¯j / Net loterest varq|o (¯j º.zz º.cz º.Js J.sz J.ºz º.sJ º.zº
·r¸ ¤r| ·r·rr ··r·rr (¯j / Oaµ|ta| Adeçuac, (¯j
·rr=r -r-1 / uASët-l JJ.cº JJ.ºz JJ.ºs s.zs Jc.cs JJ.sc JJ.Jº
·rr=r -r-11 / uASët-ll Jº.ºs Jº.zJ Jº.ºJ JJ.sº JJ.cº NA NA
·r|·r ºrr=rr +rº·rrº ( +ºr = <j
uus|oess µer uraoco (< Orcrej JJº.cc JJJ.++ ss.cº ºº.Js cs.Jº cc.cº sº.sc
·r|·r +-r -rrº| +rº·rrº ( +ºr = <j
uus|oess µer ëæµ|c,ee (< Orcrej Jº.+z JJ.ºc s.cJ z.ºº s.ºc +.c+ º.ºz
=r+-r ¤-r¤r + ¤r|=·r ¤-r ·rr·r (¯j / Orcss NÞA Hat|c (¯j º.+º º.Jº J.ss º.ºJ º.sz º.Jz º.ºz
|-r·r-r ¤-r¤r + ¤r|=·r ¤-r ·rr·r (¯j / Net NÞA Hat|c (¯j J.sc J.º+ J.Jz J.Jº J.sº º.J+ º.Jc
¤r|=·r·rr ·rº ·r |·r+-r (¯j / Heturo co Assets (¯j c.cs c.cc c.ºz c.ss c.sº c.+z c.º+
·r|·r ºr ·rº ·rr| -r¸ -·r/ uccs va|ue µer Soare (|o <j s+.zº ºº.cc cs.z+ sc.ºº ºJ.cº ºz.cc º+.ºc
·r|·r ºr·rº ¤¤r-r (< -rj
ëaro|oq Þer Soare (|o <j' 'Js.cº 'J+.ºs Jz.+z 'z.cº s.Jc º.ss º.+c
|«-rr + ºJ.cº.ºcJº +r =r-rr··r z ·r·r +| ¤·r|·r +| |·r-r|·r |·r|ºr·c·rr{
FINANCIAL HIGHLIGHTS FOR 7 YEARS PERIOD ENDED ON 31.03.2012
|«-rr + ºJ.cº.ºcJº +r =r-rr··r z ·r·r +| ¤·r|·r + -rr··r·r¸ ºr +r·r |-r··rr«-r |-r« ºr+
KEY PERFORMANCE INDICATORS FOR 7 YEARS PERIOD ENDED ON 31.03.2012
(fUhtu \ z `. bü / `. in Crore)
+rº·rrº -rr-r« = -rr-r ºcJº -rr-r ºcJJ -rr-r ºcJc -rr-r ºccs -rr-r ºccº -rr-r ºccz -rr-r ºccc
uus|oess Þaraæeters varco ºcJº varco ºcJJ varco ºcJc varco ºccs varco ºccº varco ºccz varco ºccc
+ -r ¤r-rr / 1cta| Deµcs|ts 154004 145278 Jºº+Jc Jccººº zsscs c+ºcc s+s++
+-r ¤|·r-r / 1cta| Advaoces JJzsc+ JccscJ ºººzJ csccs sscºz +z+zJ ºzºJz
+ -r +rº·rrº / 1cta| uus|oess ºzJscº º+sººs ºcszºz JcsºsJ Jºssºc JJºººJ sººcJ
|·r|-r·rr-r / lovestæeot +cJºs +ºJº+ +ºzcc ºssJº º+cºs Jszºs Jsºcº
··rr¤r ¤r·r / loterest |occæe J+cºº JJºzJ ssºc ºJºJ cscs sºJº +ºss
··rr¤r ··r·r / loterest ëxµeod|ture Jczºc zsºc zºcº c+zz scºJ ºcºº ºzºs
|-r·r-r ··rr¤r ¤r·r / Net loterest loccæe ºscº ºº+s ººº+ Jc++ J+ºº Jcss Jscc
·r|º-rr-r-r -rr-r / Oµerat|oq Þrct|t ººJJ ºcss Jzcc Jºcº ss+ s+s zcº
|-r·r-r -rr-r / Net Þrct|t JJcs scz JcJº ssº +Jº ºJc Jsz
=ºr ¤r-rr ¤-r·rr·r / Ored|t Deµcs|t Hat|c zc.ºc cs.ºº cº.Jc cs.sJ cs.cJ zº.Js cs.ºº
ºrr=rr¤r +| =r =·rr / Nc. ct uraocoes ººsc ººcc ºJsº ºccº JscJ Jºsº Jz++
10
·iil-i+i/TABLE — I
+-r Jº.cz.Jscs ºJ |«=r-·rº, Jsºs
=r =·rr =·rr-r/«ºr +| |=·r|·r + ¤-r =rrº +| |=·r|·r + ¤-r =rrº ºJ -rr-r +| |=·r|·r + ¤-r =rrº
Sl. Places/Countries As on As on 31st
No. 18.07.1969 December 1985 2009 2010 2011 2012
1 ·||·| ·| ,··||)\ In India (Domestic) 351 1712 2065 2148 2202 2390
2 ·||·| + ·||r· \ Overseas 6 9 4 4 4 4
3 ·| -||,· ÷ |+·|÷·| \ United Kingdom 1 2 - - - -
4 |·|·||·| · \ Singapore 3 3 2 2 2 2
5 r| ·| +| ·| \ Hong Kong 2 4 2 2 2 2
6 ·||·||~| +| + -| ·| ··|| ,| |·|+,
Total Number of Branches (Global) 357 1721 2069 2152 2206 *2394
7 ||·||· +|· ··| +| ·| ··||
No. of Extension Counters - 80 11 7 4 3
ºii=ii -i c·i+ \ Branch Network
·iil-i+i/TABLE — II
·i·i 2008-09 ªi 2011-12 ·i+ iii·il-i+·iiiii··i =i >i +i l«¢ ·i¢ »l:i-ii +l =i >i·iiª lª·il·i
Sector-wise Position of Priority Sector Advances of the Bank for the Years 2008-09 to 2011-12
·iil-i+i / TABLE — III
l-i--il-il=i·i + »-i ªiiª ·i+i·ii ºi ·i
+-r Balance Outstanding as on
=r =·rr l-i--il-il=i·i +i l·i-i·ii ·iºi -rr-r -rr-r -rr-r -rr-r
Sl. Financing of March March March March
No. 2009 2010 2011 2012
1 .||·||·|+·||.||·| -| ~| ~|·|·| / Priority Sector Advances 25232 27600 28253 28301
2 .||·||·|+·||.||·| -| ~| ~|·|·|;¸¸-|·||·|| / Priority Sector Advances/ANBC (%)* 50.69 43.91 39.16 33.56
3 + |·| -| ~| +| ~|·|·| / Agriculture Advances 11239 14309 11643 9653
4 + |·| -| ~| +| ~|·|·| ; ¸¸-|·||·|| / Agriculture Advances/ANBC (%)* 22.58 22.76 16.14 11.45
5 +·|·|| · |·|| +| ~|·|·| / Advances to Weaker Sections 5973 6733 7496 7861
6 +·|·|| · |·|| +| ~|·|·|;¸¸-|·||·|| / Adv. To Weaker Sections/ANBC (%)* 12.00 10.71 10.39 9.32
7 ¸·|¸·|¸·|, ~|·|·| / MSME Advances 8963 12316 14790 17860
8 |·|-|·| ·| ¸·|¸·|, ~|·|·| / Of Which MSE Advances 6694 9077 11973 13437
,·||·| +·| ÷ < ·| ) (< in Crore)
+-r
=r =·rr
Sl. No.
r-iiª øiªi iii·ii l=i·i =i >il·i :ii-ilºi ·i +i +l =i-ii ·i·ii »l:i-ii +l 11u1zu1z + »-i ªiiª lª·il·i
Position of Deposits & Advances of our sponsored RRBs as on 31.03.2012
1 ·|·|·| · ·||· ·| |·||·| ·| + \ Jaipur Thar Gramin Bank 218 2065 1083
2 +|-|·| ·| |··| ·| + \ Kalinga Gramya Bank 184 1815 1144
3 |·|r|· -| ~||·| ·| |·||·| ·| + \ Bihar Kshetriya Gramin Bank 171 1566 597
4 ·||··|·| ·| ·| ·| |·||·| ·| + \ Paschim Banga Gramin Bank 216 2851 928
5 ·|r|+| ·|-| -| ~||·| ·| |·||·| ·| + \ Mahakaushal Kshetriya Gramin Bank 43 289 100
·ii·i \ Total 832 8586 3852
*|«-rr + ºJ.º.ºcJº +| |=·r|·r + ¤-r =rrº =r-r| ºrr=rr{ =r|·r|{=r =r-r|·r·r r !
*As on 31.3.2012, All the Branches are CBS enabled.
* =r-rr·rr |¤r·r |-r·r-r ·r + =ºr / *Adjusted Net Bank Credit
=r >r|·r ·rr-r|ºr ·r + +r -rr-r ºrr=rr¤r +| =r =·rr + -r ¤r-rr + -r ¤|·r-r
Name of RRB No. of Branches Total Deposits Total Advances
,·||·| +·| ÷ < ·| ) (< in Crore)
|-r<ºr+ -r=-r +| |º·rrc : 2011-12
REPORT OF THE BOARD OF DIRECTORS : 2011-12
1. ir·r ·r-r ·r|º-r-rr {·r |·rº-r ·rºr :
1. ¤r|·r+ ªr-r|=rr 2011-12 :
|·| 2011-12 + ·|·|-| ·|· ||·| ·| ~||·|+ ·|||; ·| |·|·||· ~|,
·||·||| ~·|||··|| ,·|+| ~{|||· -|r| r ||·|+ ~·|||··|| ·|
·|-|·|-|| ~|· |·|·||-| + ||·||| ·|+· +| ·||·||| ~·|||··|| +|
·|||; ·|· ·||·|| .|·||| ·|·| ||·|||+ ·|+-| ··|| ··||· ·| |·|·-|
·|·|+|·||| |·| + 6.9 .|||·|| +| |-|-|| ·| ·|·|+|·||| |·| 2011-12
+| ||·|·| ||·||r| ·| ·||~| 6.1 .|||·|| +| ||; r, |·| 2011-12 ·| 6.9
.|||·|| ·|||; ·· r|-| +| ~-|·||-| r ·|| ~|·|·| .||++-|-| + ~-|·||·
·||.|·.·|+ + 7 .|||·|| {|||-|·||-| ·|
·||·| +·| r ~|·|·| .||++-|-| +
~-| ·||· ·| || -| ·|||-|| ·| | |; +|
||·|·|+· +|·| ·| |||-|·||·| -|~| ·|
r , ·| | |; + +|··| ·|-||· ··||
·|||
|·r.·r.06 |·r.·r.07 |·r.·r.08 |·r.·r.09|·r.·r.10 |·r.·r.11 |·r.·r.12
GDP Growth (per cent) Y-O-Y
ªr+-r < ºr| =··rr< -r ªr ·r |q (per cent) ·r·r -<º -·r·r
I. MANAGEMENT DISCUSSIONS & ANALYSIS:
1. Economic Review 2011-12:
Economic growth throughout the world had seen a sagging phase
during the year 2011-12. Indian economy is not an exception.
Turmoil in global economy, Eurozone’s financial crisis had made
a direct impact on Indian economic growth. Real GDP grew just
6.1 per cent in the third quarter of the fiscal year 2011-12 against
6.9 per cent in the previous fiscal. The rate of growth in 2011-12
is estimated at 6.9per cent, which is marginally lower than the
RBI’s projection of 7per cent as per the Advance Estimates (AE).
The projection of growth as per
Advance Esti mates was
maintained predominantly due to
agriculture and construction.
An important feature in the Indian
economy has been that the
investment activity during the year
2011-12 has slowed down and as
a result the Gross Fixed Capital
Formation (GFCF) for 2011-12 has
slipped to 29.3 per cent, a decline
of almost 4 percentage points over
the last four years’ average.
·||·||| ~·| ||··|| +| ·+ ·|r|·| ·|
||·|·||| |r ·r| |+ |·| 2011-12 +
·|·|-| |-||·| |+||+-||·| ·| +·||
~|, ~|· ,·|+ ·||··||·|·|¬ ·| |·|
2011-12 + |-|· ·|+-| ··|||| ·|·||
|-|·|| ·| ·|·+· 29.3 .|||·|| ·r
·||| ·|| |·|·-| ||· |·| + ~|·|| +|
|-|-|| ·| -|·|·|·| 4 .|||·|| ·||, ·
+| +·|| ··|||| r
=r >r|·r |·r+rªr :
|·| 2011-12 ·| ·|-||: |||-| ·| ·|r + |·+|÷ ··||·-| +| ~-|·||-|
r|-| ~|· ·||·|·||-|| ·| ·|·|·||-|-| ·| ·|||; +| +|+| ·|·|||-|| r|-| +
+|··| ·|·|·| +|·r -|~| ·|+-| ··|| ··||· ·| ~|·||-| 3 .|||·|| ·|||;
r|-| +| ~-|·||-| r
¤r cr |·r+ =··rr<-r ªr¸ -r+r + + ¤-r ªrrº =··rr<-r ªr ·r |q ·| ~-·|· ·|
5.7 .|||·|| +| +·|| ~|, , ·|·||+ -||·|· ·| (6.6 .|||·|| +|) ~·|
|·|-|| r, , |·|||·| .||·| |··||· + ~-|·||· |··|·|· ·| 1.8 .|||·|| +|
+·|| r, ·|-||·|, 2012 ·| ~|·||·|+ ··||·-| ·||+|+ ·|·|·|| ~|+÷|
+ ~-|·||· ··||·-| ·| 1.1.|||·|| +| ·|||; ··| +| ·|, (||-||
··||·-| ·| 6.8 .|||·|| +| ·|||; ··| |+· ·||-| ·| r|-|||-|| ·|-| +
+|··| ·|·|||·||) |·|||·| +·|·|, 2012 ·| ++··| ,|·| ··||·-| ·|
·|||; + -|~| ·| ·--|·|-||| ·|·||· r~| ~|· ··|·| 4.1 .|||·|| +|
·| | |; ··| +| ·|, |·| 2011-12 ·| ·| ·||·|| ·||-| +| ·| ·+· ~| ·|| ·|+
··||·-| ·||+|+ ·| |·| -·· |·| -|·|·|·| 5 .|||·|| +| ||; ·· r|-|
+| ~-|·||-| r
|·| 2011-12 ·| +||-|| ··||·-| ·| +·| ·|||; r|-|, -||r ~|·+
··||·-| ·|· .|||·|·| -|·||· ·||-|, .||+||+ ·|·| + ··||·-| ·| »|·| r|-|
~|· +| |-| + ··||·-| ·| -|+|·|·|+ ·|||; r|-| + +|··| =r-r-r
¤r º =·=r-r-r -|~| ·| -|+|·|·|+ ·|||; (~|·|·| .||++-|-| + ~-|·||·
-2.2 .|||·||) r|-| +| ·|·|||-|| r
Sectoral Developments:
Overall agriculture sector GDP growth for 2011-12 is expected to
be 3 per cent on an average, riding high on record outputs for
rice, wheat and a strong trend in growth in horticulture and animal
husbandry.
IIP output growth showed a massive decline of 5.7 per cent in
October, a sizeable recovery in November (6.6 per cent), with
however a low reported growth in December of 1.8 per cent. In
the month of January, 2012 IIP figures had registered output
growth of 1.1per cent (revised from 6.8per cent due to error in
recording sugar production). However, in the month of
February,2012 factory output growth had shown a significant
improvement by recording 4.1per cent growth. Leaving capital
goods, the IIP Y-O-Y growth rate is estimated to be around 5 per
cent in the year 2011-12.
Mining and quarrying sectors are likely to report negative growth
(-2.2per cent as per AE) for 2011-12 on account of weak coal
output growth, restrictions imposed on iron ore production, decline
in natural gas production and negative growth in crude oil output.
Electricity sector has performed well. It is expected to grow at
8.3 per cent during 2011-12.
Manufacturing and construction have been sluggish during
the first three quarters of 2011-12. The overall growth rate is
expected to be 3.9 per cent and 6.2 per cent respectively.
Manufacturing output, which constitutes about 76per cent of
industrial output, grew 4.0per cent in February compared with an
annual 1.4per cent growth in the previous month. Production of
consumer durable goods shrank 6.7per cent in February from a
year earlier. Consumer goods contracted 0.2per cent during the
same period. Capital goods production, a proxy for investment,
recorded its first growth in six months expanding 10.6per cent
from a year earlier.
Services sector had experienced a strong growth of 9.6per cent
in the first half of the 2011-12 and is expected to grow at 9.4 per
cent for the full year 2011-12.
|·rc ·r -|~| +| |-|·{||·-| ·||«|| ·r| r |·| 2011-12 ·| ,·|·| 8.3
.|||·|| +| ||; r|-| +| ·|·|||-|| r
|·| 2011-12 +| ·|r-|| ||-| ||·|||r|| + ·|·|-| |·r|-r-rr ºr {·r
ªr|--r-rr ºr -|~| ·| ·|·| ·r| r ,-| ·|-|| -|~|| ·| +·|·|: 3.9 .|||·|| ·|
6.2 .|||·|| +| ·|·|·| ·|||; ·· r|-| +| ·|·|||-|| r |||-|·||·| ··||·
·| , ·|| ~|·||·|+ ··||·-| +| -|·|·|·| 76 .|||·|| r, |·|·-| ·|r|-| +|
1.4 .|||·|| |||·|+ ·|||; +| |-|-|| ·| +·|·| ·| 4 .|||·|| ·|||; r,
|·+|+ ·{|·||-| |·|~| + ··||·-| ·| |·|·-| |·| +| |-|-|| ·| +·|·|
·| 6.7 .|||·|| +| +·|| r , ··|| ~||·| ·| ·{|·||-| |·|~| + ··||·-|
·| 0.2 .|||·|| +| +·|| r , {|·||·|| ·||-| + ··||·-| ·| , ·|| |-||·| +|
.||||-||·| r , ·r ·|r|-| ·| ·|r-|| ·|||; ··| +| ·|, ~|· ··|·| |·|·-| |·|
+| |-|-|| ·| 10.6 .|||·|| +| ·|||; r,
ªr ·rr -|~| ·| |·| 2011-12 +| .|·|·| ··||r| ·| 9.6 .|||·|| +| |·|
·|||; r, ~|· |·| 2011-12 ·| ·|· |·| 9.4 .|||·|| +| ·|||; r|-| +|
·|·|||-|| r
|·r< ºr| -r ·r·rr-r :
|·| 2011-12 +| ·|r-|| ··||r|,
||-| ·|||| ·||·| (·||·÷|) + |-|·
·| +·+|-||-| ·| · ·r| ~| · |r
·|+-| · ·|| ··||· +| ~| ·||-| 3.6
.|||·|| (|||·|+) ·r| |·| 2011-
12 ·| 3.6 .|||·|| ||-| ·|||| ·||·|
·r-| +| ~-| ·||-| r |||·|·|
|·|~| ~|· ·||| + |-|||| ·|
|·|| ·| +·|| r|-| + +|··| ··|
+| ||-| ·|||| ·||·| ~- ·|·-|··| ·|·
·| -|·|·|·| ·|·|-|| r| ·||| ~|· |r
|·|·-| |·| + 10.1 |·||-||-| ÷|-|·
·| ·|«+· 19.6 |·||-||-| ÷|-|· r|
·|||, ·|·||+ ~|||| ·| |·| ·||| ·|
||; r,
External Payments:
Current Account Deficit (CAD)
had experienced a critical phase
by averaging at 3.6 per cent
(annualized) of GDP in the first
half of 2011/12. CAD for 2011-12
is projected to be 3.6 per cent.
The country’s current account
deficit (CAD) nearly doubled in
October-December and rose to
$19.6 billion from $10.1 billion a
year earl i er, due to a sharp
sl owi ng i n merchandi se and
servi ces exports, whereas,
imports grew at a rapid pace.
The decline of the rupee vis-à-vis the US dollar was 19 per cent
in the course of April–December 2011. However, there has been
some recovery in the course of January and February 2012, with
the rupee recovering by about 7.5 per cent. In the year 2011-12
the nominal depreciation of rupee against the US dollar was by
about 13 per cent.
Fiscal Deficit & Reserves:
Fiscal deficit in the year 2011-12 is
expected to be 5.9per cent of GDP
while that in 2010-11 was 4.9per cent.
Rising fiscal deficit and short-term
debt levels were the major challenges
for the fiscal policies. Forex reserves
had reduced from USD 304.8 bn in
March,11 to 294.4 bn in March,12. As
on Dec, 2011External debt to GDP
ratio and Short Term debt to total debt
ratio had also increased over the
previous financial year and stood at
20per cent and 23.3per cent,
respectively.
~.|-|-|··|·|· 2011 + ·|·|-| ~·|·|+| ÷|-|· +| |-|-|| ·| ··|| ·| 19
.|||·|| +| |·|·||· ~|, |·|||·|, ·|-||·| ·| +·|·| 2012 + ·|·|-|
|··||| ·| +· ·|·||· ~||| ~|· ··|| + ·|-| ·| -|·|·|·| 7.5 .|||·|| +|
||; r, |·| 2011-12 ·| ~·|·|+| ÷|-|· +| |-|-|| ·| ··|| +|
·||+||+ ·|-|»|·| -|·|·|·| 13 .|||·|| ·||
~.|-|/Apr11 ·|-||, /Jul11 ~- ·|·/Oct11 ·|-||·|/Jan12 ~.|-|/Apr12
44
46
48
50
52
54
=r -rº ·r-rr-r =·r·rr
Dollar vs Rupee
ºr»r+r ·r|·r ·rrcr {·r ¤rº|=r·r|
|·| 2011-12 ·| ·|+-| ··|| ··||· +|
5.9 .|||·|| ·|·|+|·||| ·||·| ·r-| +|
~-|·||-| r ·|·||+ |·| 2010-11 ·| |r
4.9 .|||·|| ·|| ·|·|+|·||| ·||·| ~|·
~-·||||·| ~·| ·| ||; ·|·|+|·||| -||||
+| .|·| ·| | -|| |||| ·|| ||· ·|| ·| -|
~|·|-||||| ·||| 11 + 304.8 |·||-||-|
~·|·|+| ÷|-|· ·| ·|·+· ·||| 12 ·|
294.4 |·||-||-| ~·|·|+| ÷|-|· ·r ·|,
|··|·|· 11 +| |··||| + ~-|·||· ·|+-|
··|| ··||· ~-|·||| +| |-|-|| ·| ||··||
~·| ~|· +-| ~·| ~-|·||| +| |-|-|| ·|
~-·||||·| ~·| ·| ·|| |·|·-| ||·||| |·|
+| |-|-|| ·| ||; r, ~|· | +·|·|: 20
.|||·|| ·| 23.3 .|||·|| r| ·|,
Fiscal deficit (per cent of GDP)
ºr»r+r ·r|·r ·rrcr (ªr+-r < ºr| =··rr< +r ir|·rºr·r )
!
Inflation:
WPI inflation which remained
above 9 per cent for nearly two
years has moderated significantly
to below 7 per cent by March, 2012.
Non-food manufactured products
inflation has dropped from a high
of 8.4 per cent in November,2011
to 4.7 per cent in March, 2012,
actually coming below 5 per cent
for the first time in two years. Much
of the inflationary pressure came
from demand gap in primary foods,
including cereals in the initial
months. Headline inflation has
shown decline since November,
The 10-year benchmark government security yield remained
range-bound during the first half of 2011-12. The 10-year
benchmark yield was at 8.6 per cent on April 13, 2012 as
compared wi th 8.0 per cent at end-March 2011.
Export – Import:
India's exports crossed USD 300 billion in 2011-12. Despite lower
export demand from traditional markets and Eurozone crisis,
outbound shipments grew in new markets of Latin America and
Africa. During the same period imports had shot up by 38 per
cent to USD 485 billion over the previous fiscal mainly due to
high crude oil prices and huge demand for gold and silver. The
maximum imports were of crude oil--USD 150 billion, while gold
and silver contributed to USD 60 billion. India is world's largest
gold importer. Consequently, the trade deficit is estimated to have
wi dened to USD 185 bi l l i on from USD 104.4 bi l l i on i n
2010-11.
Foreign Direct Investment (FDI):
Total flow of financial resources to the commercial sector was
marginally higher at ` 12.7 trillion during 2011-12 as compared
with ` 12.4 trillion during the previous year, mirroring tight liquidity
conditions and higher cost of borrowings from banks, corporates
increased their recourse to non-bank sources, especially foreign
direct investment (FDI) and commercial paper.
|·| 2011-12 +| ·|r-|| ··||r| + ·|·|-| 10 |·||| ·|·+|·| .|||·|||
·| -|-||·| ~|| |-|·|||·| ·||·|| + ·|||· ·r| 10 |·||| ·|·+|·|
.|||·||| ·| -|-||·| ~|| ·||| 2011 + ~| +| |··||| + 8.0 .|||·||
+| |-|-|| ·| 13 ~.|-|,2012 +| |··||| + ~-|·||· 8.6 .|||·|| ·r|
¤r·rr·r-|-r·rr ·r :
·||·| +| |-|||| |·| 2011-12 ·| 300 |·||-||-| ~·|·|+| ÷|-|· ·| ·||
~|·|+ r~| {|··|·|·|| ·||·||· ·| |-|||| +| +·| ·||·| r|-| ~|· |·|·||-|
·|+· + ·|||·|· -||||-| ~·|·|+| ·| ~+|+| + -|· ·||·||·| ·| ·|||
,|·| ·||r· ·||-| ||-| ·||-| ·| | |; r , ··|| ~||·| ·| ·| ·||: +|
|-| + ~|·|+ ·|-| ~|· ·||-| ·| ||·| +| ~|·|+ ·||·| + +|··| |·|·-|
·|·|+|·||| |·| +| |-|-|| ·| ~|||| ·| 38 .|||·|| +| ||; r, ~|·
|r 485 |·||-||-| ~·|·|+| ÷|-|· |+ ·|r| ·||| ~|·|+|·| ~||||
150 |·||-||-| ~·|·|+| ÷|-|· + +| |-| ·| 60 |·||-||-| ~·|·|+|
÷|-|· + ·||-| ·| ||·| +| |+|| ·||| ·||·| ·|·||· +| ·|·|·| ·|·|
·||-| +| ~||||+ ··| r {||··||·|·|¬ ·| ||·||· ·||·| |·| 2010-11
+ 104.4 |·||-||-| ~·|·|+| ÷|-|· +| |-|-|| ·| ·|«+· 185 |·||-||-|
~·|·|+| ÷|-|· r|-| +| ~-|·||-| r
ir··r=r |·r< ºr| |-r·r ºr ({+=|¤r
:|||·|·| -|~| +| ||·||| ·|·||·|-|| +| +-| .|||r |·|·-| |·| + ` 12.4
|·|-||-| +| |-|-|| ·| ·||·| ·|«+· |·| 2011-12 + ·|·|-| ` 12.07
|·|-||-| ` r| ·||| ·|| +|· -|+·| |-||·| |··||| ~|· ·|+| ·| ·||·
·||·| ·· ·|· ··||· |-||| ·||-|| ··|||| r +|··||·· -|~| -| ·|+ ·| ,|·
·|||, ||·|·|+· .||-| ||··|| |-||·| ·| |||·|·| ·|~| +| ·|r|·| -|+·
~{|-| ||·||| ·|·||·|-|| ·| ||; +|
2011 and more strongly in January, 2012. Wholesale price index-
based inflation, was at 6.95per cent in February after falling to a
two-year low of 6.55per cent in the month of January, 2012. Food
articles inflation, which was 8.1 per cent during April-December,
2011, briefly turned negative in January, 2012 reflecting the
seasonal decline in food prices, particularly of vegetables,
combined with a high base effect. However, it increased sharply
to 6.1 per cent in February and further to 9.9 per cent in March,
2012.
·rr+ -r¸-·r ªr¸-r+r+ (per cent) / WPI (per cent)
+-+c / Comfort 5-5.50
~
.
|
-
|
/
A
p
r
-
3
0
·
|
,
/
M
a
y
-
3
1
·
|
-
|
/
J
u
n
-
3
0
·
|
-
|
|
,
/
J
u
l
-
3
1
~
·
|
·
|
/
A
u
g
-
3
1
|
·
|
|
·
|
·
/
S
e
p
-
3
0
~
-
·
|
·
/
O
c
t
-
3
1
-
|
|
·
|
·
/
N
o
v
-
3
0
|
·
·
|
·
|
·
/
D
e
c
-
3
1
·
|
-
|
|
·
|
/
J
a
n
-
3
1
+
·
|
·
|
/
F
e
b
-
2
9
·
|
|
|
/
M
a
r
-
3
1
-r crª+||·r :
·|| + ·| -| ·| |+| + ·| ·| ·| |·|| ·| -|·+|||
·| , ·|| +·|·| ·| |·| |+ 9 .|||·|| ·|
~|·|+ ·r|, ·--|·|-||| +·|| ~|, ~|·
|r ·|||, 2012 +| |··||| + ~-|·||·
7 .|||·|| ·| ·|| +·| r| ·|, ·||·|·
|||-||·|| ··||· ·| ·|·||·|| ·|-|·+|||
-||·|·, 2011 + 8.4 .|||·|| ·| ·|·+·
·||| , 2012 +| |··||| + ~-|·||· 4.7
.|||·|| ·r ·|, ~|· |·||: ·| |·|| ·|
·|r-|| ·||· |r 5 .|||·|| ·| ·|| +·| r|
·|, ~|·|+|·| ·+|||+|·+ ··||| .||··|
+ ·|r|-|| ·| ~-||·| ·||r| ·| -| ·||· |·| ~|
+| ·||·| ·| ·|r| ·|· ~|· ·| ~||| ·||·|
·|-|·+||| -||·|·, 2011 ·| +·| r|-| -|·|| ~|· ,·|·| ·|·|·| ~|·|+ +·||
·|-||·|, 2012 ·| ~|, ·||+ ·|-| ·||+|+–~|·|||·| ·|-|·+|||
·|-||·|,12 ·| ·| -|·| ·| ·|·|·| +·| ||-|| 6.55 .|||·|| r|-| + ·||· +·|·|
·| 6.95 .|||·|| r| ·|, ·||· |·|~| ·| ·|·||·|| ·|-|·+||| ·| , ·|| ~.|-|
–|··|·|· 2011 + ·|·|-| 8.1 .|||·|| ·||, ·|-||·|, 2012 ·| ·|| ·|·||
·||· |·|~| , ||·|·|+· ·||··||| + ·|-| ·| +·|| r|-| ·| ·| ~|·||·
.|·||| + +|··| +|+| +·|| ~|, |·|||·|, ·|-|·+||| |·|| ·| ·|«+·
+·|·| ·| 6.1 .|||·|| ~| · ·|||, 2012 ·| 9.9 .|||·|| r| ·|,
"
Year-on-year inflation for manufactured goods rose from around
5 per cent in September, 2010 to 8 per cent during September
and October, 2011. In the closing part of FY 2011-12 it had shown
an indication of easing by recording non-food manufacturing
products Y-O-Y inflation as 6.7per cent and 5.7per cent in Jan.and
Feb., 2012, respectively.
-rr |c+ -r||·r :
·||.|·.·|+ -| ·|||,2010 ·| 13 ·||·
.|·|·| -|||| ··| ·| ||; +| r ·|||
2012 +| |··||| + ~-| ·||· |-||-||·|
·|·|||| ·|-| ·| ||·|| + ~·||-| ·| -|·| ·|·
··, .||| ·|-|·|·|· ·· ·| ·||·|||
··|||| ·| ||·|| ·· +·|·|: 8.5
.|||·||,7.5 .|||·|| ·| 9.5 .|||·||
·|| ·||.|·.·|+ -| |·| 2011-12 ·|
~|·|-|| -|+·| |-||·| ~-|·||| 50
~|·||· ~+ (|··|·|· 2011) ~|· 75
~|·||· ~+ (·|-||·| 2012) +| ·|
|+·|| ·| 6 .|||·|| ·| ·|·|+·
4.75 .|||·|| +· |·|| r +·|·|,2012 ·| ·|+ ·· +| 6 .|||·|| ·|
·||·|||| +· 9.5 .|||·|| +· |·|| r |·| 2011-12 ·| ·|||||·|+
|-||-||·| ~-|·||| ·| ·|| 1 .|||·|| +| +·|| (25 .|||·|| ·| 24 .|||·||)
+| ·|, r
·r |+·r ·r|·r|·r|·r·rr :
»r-rrºr|ºr -r ·r |q
·||·||| ·|+| +| ·|·||·||·| ·| 17.4 .|||·|| +| ||; r, ~|· |r ·|«+·
|·| 2011-12 ·| 61.12 |·|-||-| ··|| r| ·||| ·|| ·||.|·.·|+ ,|·|
~-|·|||-|| 17 .|||·|| ·| ~|·|+ r ·|·||+ |·| 2010-11 ·| ·|·||·||·| ·|
16.58 .|||·|| +| ||; r, ·|·||·||·| ·| ||; +| +|··| |·|·-| ·| |·|
·| ~|·|+ ·|·|| |+ ·r| ·| ·|-|·+||| ·· ·| +·|| r|-|| ·||
=ºr ºr|ºr -r ·r |q
~|·|·| ·| 19.3per cent +| ||; r, ~|· |r ·|«+· ` 47.05 |·|-||-|
·. r| ·||| ·|| ||·||| |·| 2011-12 + |-|· ·||.|·.·|+ ,|·| ~-|·|||-|| 16
.|||·|| ·| ~|·|+ r ~|· |·|·| +--|| ·|+ -| ~.|-| 2011 + ~{|-|
|||··| ·| ·|||·|| ·|-||·| + |-|· ~{||-|| -|||| +| ·|·||-|| ·| ~{||-| ~|·|·|
+| ||; + ~-|·||-| +| 18 .|||·|| ·| +·| +·+ |+|| ·|| ·||·|·
~·| ·| ||; |·| 2011-12 + .||··| + 22.1 .|||·|| ·| ·|·+· +·|·|,
2012 ·| 15.4 .|||·|| ·r ·||| ·|| ~||·|+ |+||+-||·| ·| +·|| +|
··|| || r |·|||·| |r ·|«+· ·||| ·| 16.8 .|||·|| r| ·||| ·|| 16
.|||·|| + |-|··|| ~-|·||-| ·| ~|·|+ r
=ºr–»r-rr ¤-r ·rr·r
·||·||| ·||+·| -|~| +| ~ ·|-·|·|| ~-|·||| ·||| , 2011 + 75.7 .|||·||
+| |-|-|| ·| ·|||, 2012 ·| 76.97 .|||·|| r| ·|||
-r cr ¤r·r¸ |·r ({-r 3)
··|-| ·|-| ~|·||| ||-|| ··| 3 ·| ·|||,2012 +| |··||| + ~-|·||· (|·|–
··-|·|) 13.0 .|||·|| +| ||; r, ·|| ·||| ,2011 + ~| +| |··||| +
~-|·||· 16.0 .|||·|| +| ||; ·| +|+| +·| r |+-|r|-| ·|-| ~|·||| ·|
250 ~|·||· ~+ +| ||; r, r ·|| |·| 2011-12 + |-|· |-|·|||·|
15.5 .|||·|| + ·|||-|·||-| ·| +·| r ~|· ·|| ·r·r + ¤|·r+r ºr -rr·r -r
irr·r|-r+ -r-r|-r|·r + -r r·r rr -r ¤r º =ºr +| |-r--r·rº -rr ·r +r <ºrr ·rr
r
Monetary Policy:
RBI has raised the key policy
rates for 13 times since March,
2010. As on March, 2012 under
the Liquidity Adjustment Facility
the Repo, Reverse Repo and
Marginal Standing Facility rates
were 8.5per cent, 7.5per cent and
9.5per cent, respectively. RBI has
reduced the CRR from 6per cent
to 4.75per cent in the year 2011-
12 in two instalments of 50 bps
(Dec., 2011) and 75 bps (Jan.,
2012). Bank Rate has been
changed from 6per cent to 9.5per cent in February,2012. SLR
also was slashed by 1 per cent (25per cent to 24per cent) during
the year 2011-12.
Banking Developments :
Deposit Growth
Deposit growth at Indian banks stood at 17.4per cent to 61.12
trillion rupees in the year 2011-12, which is marginally higher
than the RBI's projection of 17per cent, whereas, the deposit
growth in the year 2010-11 was 16.58per cent. Reason behind
the sign of improvement in growth of deposit was due to soothing
of high inflation rate spread over the last two years.
Credit Growth
Advances grew by 19.3per cent to 47.05 trillion rupees, higher
than the 16per cent projected by the RBI for the financial year
2011-12. The central bank had scaled down its advances growth
projection in its January policy review from 18 per cent announced
in its April, 2011 statement. Non-food credit growth decelerated
from 22.1 per cent at the beginning of 2011-12 to 15.4 per cent
by February, 2012 reflecting slower economic activity. However,
it picked up to 16.8 per cent in March, higher than the indicative
projection of 16 per cent.
Credit-Deposit Ratio
Credit deposit ratio (CD ratio) of Indian Banking sector has stood
up to 76.97per cent in March,, 2012 from 75.7per cent in March,,
2011.
Money Supply (M3)
The Broad Money Supply, i.e., M3 grew by 13.0per cent (y-o-y)
as on March,‘12 – way below its growth of 16.0per cent at end-
March, 2011. The money supply growth at present is 250 bps
lower than its projected trajectory of 15.5per cent set for the year
2011-12, mirroring tightness in primary liquidity and lower
credit demand during most part of the year.
|||-||·|| |·|~| ·| ·|·||·|| |·| -··-|·| ·|-|·+||| |·||·|·, 2010 +
-|·|·|·| 5 .|||·|| ·| ·|«+· |·||·|· ~|· ~-·|·, 2011 ·| 8 .|||·|| r|
·|, ||·||| |·| 2011-12 + ~| ·| ·|-|·+||| ·| +· +·|| ~|, ~|·
·||· |· |||-||·|| ··||· ·| ·| ·|| |·|-··-|·| ·| -|·+||| ·|-||·| ·| +·|·|,
2012 ·| +·|·|: 6.7 .|||·|| ·| 5.7 .|||·|| r| ·|,
¤r+= -r
|º·rªr |º·rr
|º·rr <º
»r-r ¤ir-r
#
-r-r|-r|·r +| |ª·r|·r
{|· |·| 2011-12 ·| |-||-||·| +| |··||||| ·||· + «·| +| ·r| r|-|||+
-||·|· 2011 +| ·|·~|| ·| |-||-||·| ·||·| ·|+| +| |-||-| ·||·| ·|
·||||·| ·|||~| (·-|÷|·|·-|) + (+)/(-) ·+ .|||·|| + ·|||·| ·|· +
·|· r| ·||| ·|-|+ |-||-||·| ·|·||||·|-| ·|||·|| (·-|··+) + ~|·||
·||r· ·| ·|·| ·|, ~|·||-| |-||-| |-||-||·| +| ·||·| ~.|-|-|·||·|·,
2011 + ·|·|-| -|·|·|·| 0.5 |·|-||-| ` ·| ·|«+· +·|·|, 2012 +
·|·|-| -|·|·|·| 1.4 |·|-||-| ` r| ·|, ~|· ·||| , 2012 + ·|·|-| |r ·||·|
~|·| ~|· ·|«+· 1.6 |·|-||-| ` r| ·|, |r ~·||: ·|·+|·| -|+·| ·|·|
+| ·|-|·| ~||··||| +| ··|||| r |-||-||·| +| +·|||· +| +·| +·-|
+ |-|· |··|| ·|+ -| ~|· ~|·|+ |··|· .|+|| +| .||·||·|+ |-||-||·|
·|·-| + |-|· +··| ·|| -||·|·, 2011 ~|· ·|||, 2012 + ·|·|
··|-| + -| -|·|·|·| 1.3 |· |-||-| ` + ·| -| ·||·||· + ·||·||-|-| (~| ··|~| )
|+| ,·|+ ~-|||| ~|·|-|| -|+·| |-||·| ~-|·||| (·||~|·~|·) ·| 125
~|·||· ~+ +| +·|| ~|, (50 ~|·||· ~+ 28 ·|-||·|, 2012 ·| .|·||||
·| 75 ~|·||· ~+ 10 ·|||, 2012 ·| .|·||||) |·|·|+ +-|·|¬ ·| ·|·|
·|, .||·||·|+ |-||-||·| +| ·||·| -|·|·|·| 0.8 |·|-||-| ` r| ·|, ·|·+|·|
-|+·| ·| ·| ·| | - r| +· ,-| ··|||| +| -||·| +·-| +
+-|·|¬ ·| ·-|··+ + ~|·|| ·|·| ·|, |-||-| |-||-||·| +| ·||·|, ·||
30 ·||| , 2012 +| 2.0 |·|-||-| ` |+ ·|r| ·|, ·||, 13 ~.|-|, 2012
+| ,·|·| 0.7 |· |-||-| ` +| ·||·| +·|| r ,
Liquidity Condition
Liquidity conditions remained in a deficit mode throughout 2011-
12. However, beginning November, 2011, the liquidity deficit went
beyond the comfort level of (+)/(-) one per cent of net demand
and time liabilities (NDTL) of banks. Average net injection of
liquidity under the daily liquidity adjustment facility (LAF) increased
from around ` 0.5 trillion during April-September, 2011 to around
` 1.4 trillion during February, 2012 and further to ` 1.6 trillion
during March, 2012, partly reflecting a build-up in government
cash balances. In order to mitigate the liquidity tightness, the
Reserve Bank took steps to inject primary liquidity of a more
durable nature. It conducted open market operations (OMOs)
aggregating around ` 1.3 trillion between November 2011 and
March 2012. Further, the cash reserve ratio (CRR) was reduced
by 125 basis points (50 basis points effective January 28, 2012
and 75 basis points effective March 10, 2012), injecting primary
liquidity of about ` 0.8 trillion. Reflecting these measures,
combined with decline in government cash balances, the net
injection of liquidity under the LAF, which peaked at ` 2.0 trillion
on March 30, 2012, declined sharply to ` 0.7 trillion on April 13,
2012.
2. Economic Outlook 2012-13:
Trend of Global GDP Growth
2. ¤r|·r+ ¡|·c+r ºr 2012-13:
·r |º·r+ ªr+-r < ºr| =··rr< (»r|=|·r|) ªr ·r |q +r ==r
Emerging and developing economies
=--r·r ¤·r ··r·rª·rr{
Advanced economies
|·rº·r/World
=rr ·r: ¤r;{-r{+ ªcr+ ¤-r-rr-r
Source : IMF staff estimates.
=-rº·r| {·r |·r+rªrr--r=r ¤·r··r·rª·rr{
||·|·|-| 2012-13 +| ~||·|+ ·||·|··||| + ·||· ·| ·||+ ¡|··+|·|
~·|-||| r· ·|| ~|·||||·| r ||·|+ |·|-|| +| |·| -|~| ·| ·|«| |-||||
~|· ·||~| +-|| |-|:·|-||~| ·| ·||·| r ||·||| |··||||| |·|·|÷ ·|, r ,
||; +| ·|·|||-||· +·| r| ·|, r, |-|·-|·||·|| ·|| |·|·| ·|« ·|, r | ·||+
··||·-| ·|| ·||·|| r| ·||| r ·| |r 2012 ·| ·|«+· 3.25 .|||·|| r|
·||-| +| ~-|·||-| r ··|·|| ~|· ||+|·||-·|·| ~·|||··||~| +| ·|||;
·|| ·||·|| ·|·-| +| ~|·|+| r +|||+ ·||r·| |||||··| ·|r| ·|·|·| r| ·r|
r ~|· ~|||·+ ·||·| +·| r| ·r| r ·||·|+· ·||+·| -|~| +| r||-||| ~|·
||·||| |··|·|| ·| ·|·| ||||~| -| ~-|+ |·| -|~||| ··|| + ·|||·| ·.|÷
+| ||·|| +· |·|| r , |·|-r|-| | +||,|| .||·| +| ·|| ~||·|+ ·|
·|||-+ ||-||-| +| ··||·|-|| + ·|·|| ·| -|r| ··|| ·|, |·| -|~| ·| ·|+
|-|·|||-| r· |·r ·| ·|||·| r| ·||| |·|·|·| |·||·||-| ·|·-| ·|+ (,·||·||)
+| |~||·||| ·|·|+|-||-| ·|-|||·| ·||·||-|-| (·-|·|~|·~|) +| .|·|||
+·-| +| ~|·|· |·|-|| ·|-| ·||·||· ~|··|· ·r +|||+ ·||·||-|| |-| +|
·|-| ·|«| ·| ~-|+ ··|·|| r, ·||·||· ·|-|~| ·| ·||·|| ~|·|-|-| r~|
Experts are cautiously optimistic regarding the economic outlook
of 2012-13. The global recovery is threatened by intensifying
strains in the euro area and fragilities elsewhere. Financial
conditions have deteriorated, growth prospects have dimmed,
and downside risks have escalated. Global output had also slowed
down and is projected to expand by 3.25 per cent in 2012. Growth
in emerging and developing economies is also apprehended to
slow because of the worsening external environment and a
weakening of internal demand. Specifically, concerns about
banking sector losses and fiscal sustainability widened sovereign
spreads for many euro area countries, which reached highs not
seen since the launch of the Economic and Monetary Union.
Bank funding all but dried up in the euro area, prompting the
European Central Bank (ECB) to offer a three-year Long-Term
Refinancing Operation (LTRO). Currency markets were volatile,
as the Japanese yen appreciated and many emerging market
currencies depreciated significantly. In FY 2012–13, growth in
$
||·||| |·| 2012-13 ·| ··|·|| ~|· ||+|·||-·|·| ~·|||··||~| ·|
~|·||-| 5.75 .|||·|| +| ·|||; +| ~|·|| r ·|| |·| 2010-11 + ·|·|-|
··| 6.75 .|||·|| +| ·|||; ·| |·| 2011-12 r| ~-|·|||-|| 6.25
.|||·|| +| ·|||; ·| +|+| ·||·|| r
-rrº·r|·r ¤·r ··r·rª·rr
|·| 2012-13 ·| ~·|||··|| -|·|·|·| 7.6 .|||·|| ·||; r|-| +| ·|·|||-||
r |·| 2012-13 ·| ·|+-| ··|| ··||· (·||÷|·||) + 1.5 ·| 2.0 .|||·||
~+ ·|·||· +| ···||· +| ·|| ·|+|| r +|·|| |··|·|| ·|| ··|·||·| ·||·|
+| ·||·||-| +··|| +·|·||· ·|-| + +-|·|¬ ·| |-|||| ·||·| +| ·|·|||||
·| ·|·||· ~|-| +| ~|·|| r |·|||·| |-||·| ·| ||·||| ·|||| - ·|-|| ~|· ·|
·| ||·||· -|~| ·| +|+| ·||··||·| ··|· ·|+| r |·|-|+| |+·|·|| ···||·
·|| +| ·|| ·|+|| r
~|·||·-·|·|-|| ··|-|··||| +| ~·|||·||| ··| ·|· ·| ~||·|+ ·||||||·| +
||·||· +| ~|·; +· ·r| r ··|| ·|·|||-|| r |+ +·|| | ·|·+ |-|·||·|
·| |·| 2011-12 r| |-|·|||·| -|-| .||·| |+· ·|| ·|+·| |r ~|·|| +|
·|||| r |+ ·|·+|· .|·|·| ·||-|||·| -|~|| |·|| ·||·||-|-||·|+ +|| -
|-|··||·-| ,-| ·|-|| ·| -|·||| ·|·|-| + |-|· |·| 2012-13 ·| ·|r||+|-||
-|-| |-|·|||·| +··||, ||·|·||: +||-|| -|~| ·| – |||+ |·| 2012-13 ·|
~||·|+ ·||||||·| +| ·|«||| |·|-| ·|+
·|-| ·+|||+ ··||| |·| 2012-13 ·| |·||·|-| ·|-|| ·r·|| ·| |r |·|
2012-13 ·| 5-6 .|||·|| + ~|·|·||·| ·r·|| ~|·|| r |+ ·|·+|· ·||·
·|·|·|| +| +|·||| ·|· +·| -|·|· ··|·|| ~|· -| +|-| ··||·-| ||; +|
.||·|||r| +·-| + |-|·, ·||-+ ||· ~|-|||| ¬ ·| ·| -| r|-| ·|· ·||, +·|-
·|-+·| ·|·||-| ¬ ·| ·| , {||| ·| ·||· ~|||·||r| ·| ··|-··||| -|·|+ +|
+|||-||-| ·||-|·||| +·-| r| ··| ·||+| +··| ·||·|| ·|| ·|«|| ·||·|
~|· ·||·|||-|| ·| ·|·|·||-|-| ··||·| + ··||·-| + ·||·| -||| +· ·|+
|·| 2012-13 r | ||-| ·|||| ·||·| (·||·÷|) 3.0 .|||·|| r| ·|| |·|||·|
·|·+|· ·||·÷| +| ·|·||||·| +| |-|-|| ·| ·|+-| ··|| ··||· (·||÷|·||)
+ 2.0 ·| 2.5 .|||·|| + ·||| ··|-| ~|· |r| |+ ·|||·|| ··|-| +|
.|||·| +··|| ·|·||·|| -|·| + ·|-| ·| |r ~|·|| +| ·|||| r |+ ·|·||
~|·|·|-| +| , ||·|·|+· ,|+|·| + ¬·| ·|, .||·|||r| |+|| ·||··|| ~|·
·| -|·| | ·|·||···|| ~||·|+ |··|·||, ~·|| | ·| -|, |||-|·|| ·· ·| ·|·|+| ·|||
·|·| ·||r| |-||·| ·| ·|||; + |-|· ··|| |··||||| +| ·|·||·| ·||··||
II. 2011-12 ·r + +r +r·r |-r··rr<-r
3. ·r¸ +r +r -r c·r+
{rrº ·r|º+ -r c·r+
·|||, 2012 +| |··||| + ~-|·||· r·||· 8 ·|+-| +|||-||, 36 ~|-|
·| 2394 ·||·||· r |·|-|·| ||· ||··|| ·||·||· , |·|·||·|· ·| r|·|-+|·| ·|
·|-·|, ·|||·|-| r ·|||, 2012 +| |··||| + ~-|·||· ·|+ ·| ||-| ||·||·
·|·-| r |·| 2011-12 + ·|·|-| ·|+ -| ·|-||·||| ·| ||-| |··|| ~·|-|
·| .||||-||·| +|||-|| ·|· +· |·· r
·|+ -| |·| 2011-12 + ·|·|-| 188 ºrr=rr{ =rr -r+º ~·|-| ~|·|-|
·||·||| -|·|+ +| ·|·|·|| |+|| r , |·|·|·| ·||·||~| +| +-| ·|·||
·|||, 2011 +| |-|-|| ·| 2202 ·| ·|||, 2012 ·| 2390 r| ·|, r |·|
2011-12 + ·|·|-| ·||-|| ·|, ·||·||~| ·| ·| 23 |·|·-V ·| 20 |·|·-
VI + -| ·| ·|
emerging and developing economies is expected to be 5.75 per
cent on an average, a significant slowdown from the 6.75 per
cent growth registered during 2010–11and 6.25per cent projected
for the year 2011-12.
Indian Economy:
In the year 2012-13 the economy is likely to grow at around 7.6
per cent. An improvement of 1.5 to 2.0 percentage points of GDP
can be envisioned in 2012-13. Price stability will also normalize
consumption demand. The weaker currency is likely to improve
the prospects for export demand. However, there is a fairly wide
range of outcomes both on investment side, on the financial side
and on the trade front that may be reasonably envisaged.
The inadequacy of infrastructure availability continues to act as
a constraint for the expansion of economic activity across the
country. It is likely that the targets set for 2011-12 in power and
roads may be achieved. Government is expected to set ambitious
targets for 2012-13 for both capacity creation in key infrastructure
areas and operational performance, especially in the coal sector,
so that a fillip is provided to the improvement of economic activity
in 2012-13.
Inflationary pressure will continue to ease through 2012-13 and
will remain around 5-6 per cent for the year 2012-13. It is expected
that the Govt. will have a sharp vigil on food prices and take
proactive measures not only to encourage output increase but
equally, if not even more urgently, to ensure the rollout of an
adequate food logistics network that can do justice to the rising
demand for and output of horticulture and animal husbandry
products.
The Current Account Deficit (CAD) for the year 2012-13 will be
3.0 per cent. Govt. will however, try and limit the CAD over the
medium term to between 2.0 and 2.5 per cent of GDP. On the
capital account side, capital inflows especially that in the form of
equity is expected to be encouraged and improve domestic
conditions for investment and growth, along with fundamental
macroeconomic stability, i.e. prices, exchange rate and fiscal
balances.
II. PERFORMANCE OF THE BANK 2011-12 :
3. UCO’s NETWORK:
BRICK and MORTAR Network:
As of March, 2012 we have 8 Circle Offices, 36 Zones and 2394
branches, which include four overseas branches, two each in
Singapore and Hong Kong. The Bank has three extension
counters as of March,2012. The Bank has closed its two
Representative Offices, at Malaysia and China, during the year
2011-12.
The Bank has strengthened its pan-India network by opening188
branches during the year 2011-12, which takes the total from
2202 in March,2011 to 2390 in March, 2012. Out of the branches
opened duri ng the year 2011-12, 23 were i n
Tier-V and 20 in Tier-VI centres.
%
Specialized Branches:
The Bank has a good network
of speci al i zed branches
catering to the specialized or
specific requirements with
specialized skills. The Bank
had consolidated Flagship
Corporate branches from 9 in
March,, 2011 to 8 in March,,
2012 through merger of 1 FC
branch with general branch or
conversion to general branch
·||·||~| + +|| -|-|··||·-| ·|· ·|r|· ·| ·|r-| |-|·|·|-|| ··|-| + |-|·
·|+ -| |·| 2011-12 + ·|·|-| ·+ ~|· ~|-|, -||·||: {|·| ~|-| ·||·|
|·|·|·| ·|+ + ~|-|| +| +-| ·|·|| ·|||, 2011 +| |-|-|| ·| 35 ·|
·|||, 2012 ·| 36 r| ·|, ,·|+ ~-|||| |·| 2011-12 + ·|·|-| ·+
~|· ·|r|·|·| ·||||||·| |r ·|| |+ ·||~| |··|| ~| ·||·||~| +| ·|·|-|·
~|-| ·| ·|·|, ~|-| ·| ··||-||||·| |+|| ·|||
··|| ·||·||~| +| ·|-|·|·|| ·|·||||· |·||+··| -||| |·|| ·||| r:
To have a better and focussed monitoring over the performance
of the branches the Bank had added one more zone, namely
PUNE zone, in the year 2011-12 which takes the total number of
Zones of the Bank from 35 in March, 2011 to 36 in March,, 2012.
Apart from this, another major development during the year 2011-
12 was the transfer of eight branches in Goa, from Bangalore
Zone to Mumbai Zone.
The Population category-wise classification of domestic branches
is given below:
during the year 2011-12, Similarly Mid Corporate branches also
got reduced from 26 in March, 2011 to 16 in March, 2012 by
merger of 10 MC branches with general branches or conversion
to general branches during the year 2011-12, Five new Asset
Management Branches were opened, at Bhubaneswar, Bhopal,
Chandigarh, Lucknow and Patna, during the year 2011-12 to take
the number from 5 in March, 2011 to 10 in March, 2012. Number
of Service Branches increased from 20 in March, 2011 to 22 in
March, 2012. The Bank has designated 70 Personalised Banking
Branches during the year 2011-12, which increases the total
number of Personalised Banking Branches from 217 in March,
2011 to 287 in March, 2012, to boost CASA. As of March, 2012
there is one Integrated Treasury Management Branch at Mumbai.
The Bank had put serious efforts to strengthen its retail business
by opening 13 new Retail Loan Hubs (RLHs) during the year
2011-12 to increase the total number of RLHs from 26 in March,
2011 to 39 in March,12. Further the Bank has launched 12 SME
Hubs during the year 2011-12. Four new City Back Offices were
opened during the year 2011-12, which takes the total number of
CBOs to 76 as of 31.03.2012 and covers 867 branches. Efforts
are on to strengthen them further to cover all the branches. There
had been 62 ultra-small branches launched, to enhance financial
inclusion in the unbanked regions, during the year 2011-12.
Alternative Delivery Channels:
In terms of expansion of network through alternative delivery
channels i.e. through ATM network, the number of ATMs opened
during the year 2011-12 was 256, thereby reaching a total of 864
as of 31st March, 2012, out of which 551are on-site and 313 are
off-site ATMs. The Bank has introduced OPEX model ATMs during
the year 2011-12. Among the total number of ATMs, 773 are of
CAPEX model and rest 91 are of OPEX model. 165 new CAPEX
model ATMs and the entire 91 OPEX model ATMs were opened
during the financial year 2011-12. The Bank has launched two
Biometric ATMs (Murshidabad & Muzaffarabad), for illiterate and
physically challenged persons, where all Biometric Card Holders
will be able to perform ATM transactions.
|·r-r|·r ·r·r;
·||·||·|;
~;-·|r·|;
·|r·|;
·|r|-|·|·||;
|·r-r|·r ·r·r;
·|r·|;
~;-·|r·|;
·||·||·|;
·|r|-|·|·||;
·|r·|;
~;-·|r·|;
·||·||·|;
·|r|-|·|·||;
µÖÖê Ö / µÖÖê Ö /
|·rºr ·r|+ ·r ºrr=rr{ :
||·| ·||+ | ·-||| + ·||·|
||·|·||+| || ||·|·| ·|¬ ·|| +|
·| ·| +·-| + |-|· ·| + +|
||·| ·||+ | ·||·||~| +| ~·|
-|·|+ r ·|+ -| |·| 2011-12
+ ·|·|-| 1 ·+·|| ·||·||~| +|
·||·||-| ·||·||~| + ·||·| ||-||
+·+ || ·-r ·||·||-| ·||·||~|
·| ·||·|||| +·+ ·||| , 2011
·| 9 }-|·||·|·| +|·||·· ·||·||~| +| ·|·|+-| +· ·||| , 2012 ·| ·-r 8
{|· -|| |·|| ·|| ,·|| .|+|· |·| 2011-12 + ·|·|-| 10 ··|·|| ·||·||~|
+ ·||·||-| ·||·||~| + ·||·| ||-|| || ·-|+ ·||·||-| ·||·||~| ·|
·||·||-| ·| | ·|| ·||| , 2011 ·| 26 ·| ·|·+· ·||| , 2012 ·| 16 r| ·|,
·|| |·| 2011-12 + ·|·|-| ·||-|·|·, ·||·||-|, |÷|·|«, -|·|-|+ ·| ·|·-||
·| ·||| -|, ~||·| .|·|·|-| ·||·||· ·||-|| ·|, |·|·|·| ·-|+| ·|·|| ·|||,
2011 ·| 5 ·| ·||| , 2012 ·| 10 r| ·|, ·||| ·||·||~| +| ·|·|| ·||| ,
2011 ·| 20 ·| ·|«+· ·||| , 2012 ·| 22 r| ·|, ·|+ -| +|·|| +| ·|«|||
·-| r| 287 |||-+ ·||+·| ·||·||~| ·| ·| |·| 2011-12 + ·|·|-| 70
|||-+ ·||+·| ·||·||~| +| -|||·|| |+|| r ·||| , 2012 +| |··||| +
~-|·||· ·+ ·+|+| ··|·| .|·|·|-| ·||·|| ·|·|, ·| r
·|+ -| ~·|-| ·|·-| ||·||| +| ·|·|- +·-| + |-|· ·|·||· .||-| +·
|·| 2011-12 + ·|·|-| 13 -|· ·|·-| -||-| r·| (~|··-|·|) ·||-| |·|·|·|
·-|+| +-| ·|·|| ·|||, 2011 ·| 26 ·| ·|«+· ·|||, 2012 ·| 39 r|
·|, ,·|+ ~-|||| ·|+ -| |·| 2011-12 + ·|·|-| 12 ··|··|·| ··|||·||
|+· r |·| 2011-12 + ·|·|-| ||· -|· |·|·| ·|+ ~||+·| ·||-| ·|·
|·|·|·| ·||·||~| +| +-| ·|·|| 31.03.2012 ·| 76 r| ·|, ~|· ·|| 867
·||·||~| +| +|· +·| r ,-r ~|· ~|·|+ ·|·|- ·|-||-| + .|||·| ·||·|
r |||+ | ·|·|| ·||·||~| +| +|· +· ·|+ ·|+ ·|r| -|~|| ·| ||·|||
·|·|||·|-| +| ||·|| +·-| + |-|· |·| 2011-12 + ·|·|-| 62 ~||--|·|
·||·||· .||··| +| ·|, r
·r +|-·r+ |=|-r·rº| -r -r-r
|+|-·|+ |÷|-||·| |-|-| ~·||| {c|{-r -r c·r+ + ·||·|·| ·| -|·|+ +
||·||· + ·||·|-| ·| |·| 2011-12 + ·|·|-| ·||-| ·|· ··|··| +| ·|·||
256 ·|| |·|·|+ +-|·|¬ ·| 31 ·|||, 2012 +| ,·|+| +-| ·|·|| 864
r| ·|, |·|·|·| ·| 551 ··|··| ~| -|·||,· ·| 313 ~|+·||,· r ·|+ -|
|·| 2011-12 + ·|·|-| ~|·|+·| ·||÷-| ··|··| +| ·|·~|| +| r ··|··|
+| +-| ·|·|| ·| ·| 773 +·|+·| ·||÷-| + ·| ·|·| 91 ~|·|+·| ·||÷-|
+ r 165 -|· +·|+·| ·||÷-| ··|··| ·| ·||· 91 ~| ·| +·| ·|| ÷-| ··|··|
||·||| |·| 2011-12 + ·|·|-| ·||-| ·|· ·| ·|+ -| |-|·-|· ·| ·||·||·+
¬ ·| ·| |-|:·|- ||-|| + |-|· ·| ·||||·||·+ ··|··| (·||·|·|·||· ·|
·|·|++·|·||· ·| ) ··|||·|| |+· r, |·|·|·| ·|·|| ·||||·||·+ +|÷·||·+
··|··| ·| -|-|-·-| +· ·|+·|
&
=··rr< |ª·r|·r;AS ON |ª·r|·r/AS ON ªr·r|q/GROWTH
PRODUCT 31.03.2011 31.03.2012 (|·r-r|·r ·r·r -r /in FY 11-12)
{c|{-r +| ªr =·rr / No of ATMs 608 864 256
·r¸+r ·r|)rr =|·rc +r= / UCO VISA Debit Cards 13.31 -||·|/lac 18.93 -||·|/lac 5.62 -||·|/lac
»rrº| +r= / -rrr / Cards issued / month 42148 50819 8671
;-·r |+·r ir·rr ·r+·rr / e-Banking Users 76,561 1,30,497 53,936
The Bank had taken a step forward towards technological
upgradation by launching Mobile banking during the year 2011-
12. UCO m-Banking is now WAP enabled. As of March,12 the
total number of mobile banking users is 15644. Number of Debit
Card issued during the year 2011-12 was 5.62 lac which takes
the total card number from 13.31 lac to 18.93 lac. E-banking
users has increased by more than 70per cent over the previous
year that takes the total e-banking users from 76,561 in March,,
2011 to 1,30,497 in March,, 2012.
4. BUSINESS PROFILE:
During the year 2011-12, the Bank showed a respectable growth
in all the business parameters. Advances figures had shown a
steady upward growth with global advances growing by 16.85
per cent during the year 2011-12 to reach the level of ` 117504
crore as of March, 2012 from ` 100561 crore as of March, 2011.
Global deposit had also shown a positive growth of 6.01per cent
to reach the level of ` 154003 crore as of March, 2012 from `
145278 crore as of March, 2011. Global business had registered
the volume of ` 271507 crore as of March, 2012 from ` 245839
crore as of March, 2011 by securing a respectable growth of
10.44per cent.
·| + -| |·| 2011-12 + ·| ·|-| ·|| ·||,-| ·| |+·| +| ·| ·~|| +·+ .|| ·| |·|+|
·--||-| +| ~| · +··| ·|«||| ·|| | +| ··| ·| |+·| ~·| ÷·-| ··|| ·|·|·|
r ·|||, 2012 +| |··||| + ~-|·||· -rr ·rr;-r ·r |+·r ··|||·|+||~| +|
+ -| ·| ·|| 15644 r |·| 2011-12 + ·| ·|-| ·||·| |+· ·|·
= |·rc +r= +| ·|·|| 5.62 -||·| ·|| |·|·|·| +-| +|÷ ·|·|| 13.31
-||·| ·| 18.93 -||·| r| ·|, r , -·||+·| ··|||·|+|| |·|·-| |·| +|
|-|-|| ·| 70 .|||·|| ·| ~|·|+ ·|« r |·|·|+ +-|·|¬ ·| +-| ;-·r |+·r
··|||·|+||~| +| ·|·|| ·|||, 2011 +| |-|-|| ·| 76,561 ·| ·|||,
2012 ·| 1,30,497 r| ·|, r
4. +rºr ·rrº = ·rº =rr:
|·| 2011-12 + ·|·|-| ·|+ -| ·|·|| |||·||||+ ·||-||·÷| ·| ·|··||-|·|-|+
||; .|·|·|| +| r ~|·|·| + ~|+·| ·| ·+ ··|||| + ·|·|·|| ||; ··||
·|, |·|·|·| ||·|+ ~|·|·| |·| 2011-12 + ·|·|-| 16.85 .|||·|| ·|
·|«+· ·||| , 2012 ·| 117504 +·|· ` + ·|· |+ ·|r| ·|· ·|| ·||| ,
2011 ·| 100561 +·|· ` ·| | |·|+ ·|·||~| ·| ·|| 6.01 .|||·|| +|
·|+|·|·|+ ||; ··|| ·|, |·|·|·| | ·||| , 2012 ·| 154003 +·|· ` +
·|· |+ ·|r| ·|, ·|| ·||| , 2011 ·| 145278 +·|· ` +| ·|| ||·|+
||·||| 10.44 .|||·|| +| ·|··||-|·|-|+ ·|||; r||·|-| +·| r· ·||| ,
2011 +| 245839 +·|· ` +| |-|-|| ·| ·|||, 2012 ·| 271507 +·|·
` r| ·|||
+.ªr . |·r·rººr |·r-r|·r ·r·r/FY 11 |·r-r|·r ·r·r /FY 12 ·r|q/GROWTH
SL NO. Particulars (` +ºr = -r)/(In ` Cr) ªr-r:r/Absolute(PER CENT)
III | |·|+/GLOBAL
(i) ·|·||·||·|/Deposits 145278 154003 8725 6.01
(ii) ~|·|·|/Advances 100561 117504 16943 16.85
(iii) +-| ||·|||/Total Business 245839 271507 25668 10.44
In case of domestic advances also bank had shown a steady
growth of 15.65per cent to reach the level of ` 107840 crore by
March, 2012. Domestic deposit grew by 4.11per cent and reached
the level of ` 142017 crore by March, 2012. Domestic business
also registered a respectable growth of 8.79per cent to reach
the level of ` 249857 crore as of March, 2012.
·|·-| ~|·|·|| + ·||·|-| ·| ·|| ·|+ -| 15.65 .|||·|| +| ··|||| ||; ··||,
|·|·|·| | ·|||, 2012 ·| 107840 +·|· ` + ·|· |+ ·|r| ·|· ·|·-|
·|·||·||·| 4.11 .|||·|| ·|«| ~| · |r ·||| , 2012 ·| 142017 +·|· ` +
·|· |+ ·|r| ·|, ·|·-| ||·||| ·| ·|| 8.79 .|||·|| +| ·|··||-|·|-|+
||; ··| +| ·|, ~|· | ·||| , 2012 ·| 249857 +·|· ` + ·|· ·|·
·|r| ·|·
'
Per branch domestic business of the Bank has reached ` 105
crore as of March, 2012. Per branch domestic deposits has
reached ` 59 crore in the year 2011-12. Per branch advances
figure has improved from ` 42 crore to ` 45 crore during the year
2011-12.
5. PROFITABILITY:
During the year 2011-12, the Bank had shown a higher growth in
net profit, which increased from ` 907 crore in March, 2011 to
` 1109 crore in March, 2012 by recording a growth of 22.27 per
cent over the previous financial year. The net profit in the year
2011-12 was highest in the history of the Bank. The reason behind
the respectable performance was basically the increase in interest
income from ` 11371 crore in March, 2011 to ` 14632 crore in
March, 2012 by recording a Y-O-Y growth of 28.68 per cent.
Operating profit of the Bank had increased from ` 2695 crore in
March, 2011 to 2811 crore in March, 2012, thereby registering a
y-o-y growth of 4.30 per cent. The declining Y-O-Y growth figure
of operating profit was predominantly due to 42.57 per cent
increase in interest paid during FY 11-12.
+.ªr . |·r·rººr Ê´ÉkÉÒªÉ ´É¹ÉÇ/FY 11 |·r-r|·r ·r·r /FY 12 ·r|q/GROWTH
SL NO. Particulars (` +ºr = -r)/(In ` Cr) ªr-r:r/Absolute(PER CENT)
I | |·|+/DOMESTIC
(i) ·|·||·|·|/Deposits 136415 142017 5602 4.11
(ii) ~|·|·|/Advances 93246 107840 14594 15.65
(iii) +-| ||·|||/Total Business 229661 249857 20196 8.79
During the year 2011-12, the overseas centres of the Bank
performed exceedingly well, with growth in deposits and advances
at 35.24 per cent and 32.11 per cent, respectively to reach the
level of ` 11986 crore and ` 9664 crore, respectively. Overseas
business had shown a sharp upward trend to reach the level of
` 21650 crore and recorded a 33.82 per cent growth during the
financial year 2011-12.
|·| 2011-2012 + ·|·|-| ·|+ + ||··| |··|| +--| +| +|| -|-|·{||·-|
+|+| ~·| ·r| ,-| +--| ·| ·|·||·||·| ~|· ~|·|·| ·| +·|·|: 35.24
.|||·|| ~|· 32.11 .|||·|| +| ·|||; r, ~|· ,-|+| ·||·| +·|·|:
`11986 +·|· ~|· ` 9664 +·|· ·. r| ·|, ||··|| +|·|·||· ·| ~|·|+
||; +| .|||·| ··|| ·|, ~|· ,·|+| ·||·| ` 21650 +·|· + ·|· |+
·|r| ·|, ~|· ||||| |·| 2011-12 + ·|·|-| ,·|·| 33.82 .|||·|| +|
·|||; ··| +| ·|,
+.ªr . |·r·rººr |·r-r|·r ·r·r/FY 11 |·r-r|·r ·r·r /FY 12 ªr·r|q/GROWTH
SL NO. Particulars (` +ºr = -r)/(In ` Cr) ªr-r:r/Absolute (PER CENT)
I I ||··|| / OVERSEAS
(i) ·|·||·||·| / Deposits 8863 11986 3123 35.24
(ii) ~|·|·| / Advances 7315 9664 2349 32.11
(iii) +-| ||·||| / Total Business 16178 21650 5472 33.82
+-r. ªr ./Sr. ¤-r ·rr·r / Ratios -rr-r /Mar'2011 -rr-r/March, 2012
1 ~||·||| ·|· .|||-||·| / Return on Assets (per cent) 0.66 0.69
2 ~|| ~-|·||| +| |-|-|| ·| -||·|| / Cost to Income Ratio (per cent) 43.51 42.24
3 .||| ·| |· ·|r|-·|-| / Book Value per Share (`) 83.16 94.72
4 .||| ·||· ~·|-| / Earnings per Share (`) 14.29 15.02
5 |-||-| ·||·| ·|||·|-| / Net Interest Margin (per cent) 3.07 2.77
-rr··r·r¸ ºr ¤-r ·rr·r / Important Ratios:
·||| ,2012 +| |··||| + ~-|·||· ·|+ +| .||| ·||·|| ··|| +|·|·||·
` 105 +·|· r| ·||| r |·| 2011-12 ·| .||| ·||·|| · ·|| ·|·||·||·|
` 59 +·|· r| ·|, r |·| 2011-12 + ·|·|-| .||| ·||·|| ~|·|·|| +|
·||·| ` 42 +·| · ·| ·|«+· ` 45 +·| · r| ·|,
5. -rr-rir<·rr:
|·| 2011-12 + ·|·|-| ·|+ -| |-||-| -||·| ·| ~|·|+ ·|||; ··||, r ·||
·||| ,11 + ` 907 +·| · +| | -|-|| ·| ·|«+· ·||| 2012 +|
` 1109 +·|· r| ·||| ,·| .|+|· ,·|·| |·|·-| ||||| |·| +| |-|-|| ·|
22.27 .|||·|| +| ·|||; ··| +| ·|, ·|+ + ,||r|·| ·| |·| 2011-12
+| |-||-| -||·| ·||||·|+ ·r| |r ·|··||-|·|-|+ +|| -|-|·{||·-| ·|-||:
·||| ,11 + ` 11371 +·|· +| |-|-|| ·| ·||| , 12 + ` 14632 +·|·
+| ·||·| ~|| ·| ||; r|-| + +|··| r~| ~|· ,·|+ |r| 28.68
.|||·|| +| |·| -··-|·| ·|||; ··| +| ·|, ·|+ +| ·||·||-|-| -||·|
·||| ,11 + ` 2695 +·|· +| |-|-|| ·| ·|«+· ·|||, 12 ·| ` 2811
+·|· ·||| ~|· ,·| .|+|· ,·|·| |·| -··-|·| 4.30 .|||·|| +| ·|||; ··|
+| ·|, {||·||-|-| -||·| +| ·|·|| r, |·|-··-|·| ·|||; ·|-||: |||||
|·| 11-12 + ·| ·|-| .|·| ·||·| ·| 42.57 .|||·|| +| ||; + +|··|
r,
¤|:r-r (` +ºr = -r) / Advaances (` In cr)
»r-rrºr|ºr (` +ºr= -r)/Deposit (` In cr)
+r·r-|-r·{rr<+ ªr + ·r+ / Performance Indicators:
|-r·r-r -rr-r (` +ºr = -r)/Net Profit (` In cr) {r|º-rr-r-r -rr-r (` +ºr = -r) / Operating Profit (` In cr)
|-r·r-r ¤-r»r+ ¤r|ª·r ¤-r·rr·r (per cent)
Net NPA Ratio (per cent)
ªr+-r ¤-r»r + ¤r|ª·r ¤-r ·rr·r (per cent)
Gross NPA Ratio (per cent)
|-r·r-r ··rr»r -rr|»r-r (per cent)
Net Interest Margin (per cent)
¤r·r ¤-r·rr·r +| ·r-r-rr -r -rr-r (per cent)
Cost to Income Ratio (per cent)
6. OPERATIONAL PERFORMANCE:
6.1. Investment:
Gross investment of the Bank has increased from ` 43124 crore
in March, 2011 to ` 46185 crore in March, 2012 by registering a
growth of 7 per cent in the year 2011-12. The Domestic
investments (gross) of the Bank during the year 2011-12 grew by
8.82 per cent from ` 41388 crore as of 31.03.2011 to
` 45038 crore as of 31.03.2012. SLR investment (domestic)
increased by 15 per cent during the year 2011-12 by registering
the level of ` 40102 crore in March,12 from ` 34963 crore in
March, 2011. Non-SLR investment (domestic) declined by 23
per cent from ` 6425 crore in March, 2011 to ` 4936 crore in
March, 2012. Total income has also registered a reasonably good
growth of 15.43per cent over the previous financial year to reach
the level of ` 3474 crore in March, 2012 from ` 3009 crore in
March,2011. Net profit on sale of investment (domestic) had
shown a significant increase of (more than doubled) 115per cent
by recording a level of ` 191 crore in March, 2012 from ` 89
crore in March, 2011.
6.2. Retail and CASA:
The Bank put considerable emphasis on strengthening its retail
portfolio during the year 2011-12. There had been several
initiatives to improve bank’s liability portfolio like several CASA
and Total Freedom campaigns throughout the country, launch of
different deposit schemes, promoting salary account “UCO
Suvidha”, etc. Attractive deposit schemes like RD scheme “UCO
Sowbhagya”, TD scheme “UCO Vasanth Bonanza” were launched
at the later part of 2011-12 to boost the deposit volumes.
In order to improve the asset portfolio of the Bank and improve
credit delivery to the retail customers by cutting down delays in
processing of Retail Loan Applications as also to serve customer
in a better manner, the bank had taken several initiatives during
the year 2011-12. The Bank had opened 13 new Retail Loan
Hubs in the year 2011-12, which takes the total number of RLHs
to 39 as of March, 2012 from 26 as of March, 2011. Several
existing schemes meant for retail customers namely, UCO Home
Loan, UCO Trader, UCO Education, UCO Pension, etc., had been
modified to remain competitive in the market as well as to suit
niche clientele. Gold Loan scheme had been modified and new
UCO Gold Loan Scheme had been launched for financing Retail
Asset Products on 31st January, 2012 under both Priority and
Non-Priority Sectors at all branches. Online application facility
launched since 11th August, 2011 for UCO Home and Car Loans
in addition to existing facility for UCO Education Loan.
6. {r|º-rr-r-r·r·r +r·r-|-r··rr<-r
6.1 |-r·r ºr
·|+ + ·|+-| |-||·| ·| 7 .|||·|| +| ·|||; r, ~|· |r ·|||, 2011
+ ` 43124 +·|· ·| ·|||, 2012 ·| ` 46185 +·|· r| ·||| ·|+ +
··|| |-||·| (·|+-|) ·| |·| 2011-12 + ·|·|-| 8.82 .|||·|| +| ||; r,
~|· |r |·-||+ 31.03.2011 + ` 41388 +·|· +| |-|-|| ·| |·-||+
31.03.2012 +| ` 45038 +·|· r| ·||| ·|||||·|+ |-| |-||·| ~-|·|||
(··|·-|~|·) |-||·| ,··||) ·| |·| 2011-12 + ·|·|-| 15 .|||·|| +| ||;
r, ~|· ,·|·| ·|||,11 + ` 34963 +·|· +| |-|-|| ·| ·|||,12 +|
` 40102 +·|· +| ||; ··| +| ·|, ·|·-·|||||·|+ |-| |-||·| ~-|·|||
(-||-| ··| ·-| ~|·) |-||·| ,··||) ·| +·|| r, ~|· |r ·||| , 11 +
` 6425 +·|· +| |-|-|| ·| ·|||, 12 +| ·|·+· ` 4936 +·|· r|
·||| +-| ~|| + -|~| ·| ·|| |·|·-| ||||| |·| +| |-|-|| ·| 15.43
.|||·|| +| |·||||| ·|||; r, ~|· |r ·||| , 11 + ` 3009 +·|· +|
|-|-|| ·| ·||| , 12 +| ` 3474 +·|· r| ·|, |-||·| +| |·|+| ·| |-||-|
-||·| ·| 115 .|||·|| +| ·--|·|-||| ||; (··|-| ·| ·|| ·||·|) |··||,
·|·| ~| · |r ·||| , 11 + ` 89 +·|· +| |-|-|| ·| ·||| , 11 +| ` 191
+·|· r| ·|,
6.2 |ºc -r {·r +rªrr
·|+ -| |·| 2011-12 + ·|·|-| ~·|-| |··-| ·|||·||·| +| ·|·|·|| +·-| ·|·
+|+| ·||· |·|| ·|+ + ·||| ·|||·||·| +| ·|·||·-| r| ·|· ··| ·| +|·||
~|· ·|·-| |+÷·| + +, ~|·|||-|, |||·|--| ·|·|| ||·|-||~| +| ·|·~||,
“| +| ·| ||·||” | |-| ·|||| .||||| +·-| ·| ·|| +, ·|r-| +| ·|, ·|·||·||·|
+| ·||~|| +| ·|«|-| + |-|· ~|||| ||·|-|| “|+| ·||·||·|”, ·||||·| ·|·||
||·|-|| “|+| |·|| ·||-|-·||” ·|·|| ~|+·|+ ·|·|| ||·|-||· |·| 2011-12
+ ·|·||| ·||·| ·| .||··| +| ·|,
·|+ + ~||·| ·|||·||·| |·|| |··-| ~·| ~||·-|| + .|·|·+··| ·| ||-|·|
+| ~||·| +| +·| +· |··-| ·||r+| +| ~·| ··|-|··| +·-| +| .||+||
·| ·|·||· -||-| |·|| ,·|+ ·||·|-·||·| ·||r+| +| ·||| ·|r|· |·|+ ·|
+·-| + |-|· ·|| ·|+ -| |·| 2011-12 + ·|·|-| +, .|+|· +| ·|r-| +|
·|+ -| |·| 2011-12 ·| 13 -|| |··-| ~·| r·| ·||-| |·|·|·| |··-| ~·|
r·| +| +-| ·|·|| ·||| , 11 + 26 +| |-|-|| ·| ·|||, 12 +| 39 r| ·|,
|··-| ·||r+| + |-|· +, ||··||-| ||·|-||~| , |·|| |+| r|·| -||-|, ·r¸ +r
c =º, ·r¸ +r {= + ºr-r, ·r¸ +r ·r ºr-r ~||· ·| ·|·||·|-| |+|| ·||| r |||+ |
·||·||· ·| .|||··|·||·|+ ·|-|| ·r |·|| | r·||· |||·|·· ·||r+| + |-|·
··||+| r| ·|+ ·||-÷ -||-| ||·|-|| ·| ·||·| ·||·||-| |+|| ·||| r |·||
·|·|| ·||·||~| ·| .||·||·|+||.||·| ·| ·| ·-.||·||·|+||.||·| -|~|| + ~|·||
|··-| ~||·| ··||·| +| |||·|||·|| +·-| r| ·+ -|, |+| ·||-÷ -||-|
||·|-|| |·-||+ 31 ·|-||·|, 2012 +| ·|¬ +| ·|, |+| ·÷+·|-| ~ ·|
+ |-|· ||··||-| ·|||·|| + ~|||·+| |+| r|·| ~|· +|· ~·|| + |-|·
11 ~·|·|, 2011 ·| ~|-|-||,-| ~||·-| +| ·|||·|| .||··| +| ·|, r
22
Bancassurance:
In order to facilitate marketing of Mutual Fund Investments by
the Branches through the Systematic Investment Plan (SIP) route,
auto debit facility has been introduced on 16th January, 2012 in
tie up with Bill Desk as our Aggregator.
The Bank during the year 2011-12, focussed on marketing more
traditional products rather than the single premium products to
increase the fee based income.
6.3. Mid Corporate:
The Bank had given special attention to SME advances and
accordingly a dedicated channel; SME Loan Hubs were launched
at SME concentrated areas. During FY 2011-12, the Bank had
opened 12 SME Loan Hubs at Ahmedabad, Bangalore,
Bhubaneswar, Chandigarh, Chennai, Hyderabad, Jaipur, Kolkata,
Mumbai, Nagpur, New Delhi and Raipur, under Mid Corporate
supervision. These loan processing Hubs take up proposals in
the range of ` 25 lac to ` 25 crore. Total loan sanctioned by the
SME Hubs were ` 1512 crore including renewal and enhancement
as on 31.03.2012.
6.4. Agriculture & Rural business:
Priority Sector Lending
During the year 2011-12, the priority sector advances of the Bank
stood at ` 28301 crore constituting thereby 33.56 per cent of
Adjusted Net Bank Credit (ANBC).
Agricultural Advances
The total agricultural advances of the Bank stood at ` 9653 crore
constituting 11.45 per cent of ANBC. Direct agricultural credit
stood at ` 7632 crore constituting 9.05 per cent of ANBC and
Indirect agriculture credit stood at ` 2021 crore constituting 2.40
per cent of ANBC.
Advances to Weaker Sections
Advances to Weaker Sections stood at ` 7861 crore as of 31st
March, 2012, with percentage to ANBC being 9.32.
Medium, Small & Micro Enterprises (MSME) and Micro &
Small Enterprises (MSE)
The Bank had recorded a phenomenal growth in these sections
with advances under MSME and Micro & Small Enterprises (MSE)
standing at ` 17860 crore and ` 13437 crore, respectively with
growth rates of 20.76 per cent and 12.22 per cent, respectively
over the previous financial year.
Minority Community Advances
Total Minority Community advances of the Bank stood at ` 4113
crore constituting 4.88 per cent of ANBC.
Other Developments
The Bank had organized several credit camps throughout the
country to boost advances related to agriculture business. During
¤Éé EòɶªÉÚ ®å ºÉ
·|||-||·|, |-|| ·| ·|| ·|-|| (¸·|~|, ·||) ·||+·|| + ·||··|·| ·| ·||·||~| ;|·|
··| | ~-| + ÷ |-|| ·| +| ·||+ |·| +| ·| ||·|| · -| + |-|¸ 16 ·|-||·|,
2012 +| r·||· ¸|·|·| · + ¬·| ·| |·|-| ÷ ·+ + ·||·| ·|·|| ÷ +·+ 16
·|-||·|,2012 +| ~| | ÷ ·| ||·|| ·| ¬ +| ·|, r :
|·| 2011-12 + ·| ·|-| ·| + -| ·| -+-~|·|||··| ~|·| +| ·|«|-| + |-|¸
¸+-| ·|||·|·|·| ···||·| + ~-|||| ~|·|+||·|+ ·||· ·||·+ ···||·| +
||·||-| ·|· ·|-| |··||:
ê1 l-i= +iª·ii ª c ·
·| + -| ¸·|¸·|, ~|·|·|| |· ||·| ·| ··||-| |··|| r ·|·|| ·|·-| ·||· ¸·|¸·|,
+ |-·| -| ~|| ·| | ·| ·|·r ·||+·| ¬ | ·| +|·| ··| ¸+ | -|-|, ¸·|¸·|, ~·|
r·| .||· ·| |+¸ ·|¸: ||·||·| |·| .¨. + ·| ·|-| ·| + -| |·|÷
+|·|| · |·| | -|·| + ~ ·|·| ·| ~r·|·|·||·, ·| ·|-| ·, ·| |-| ·|·, | ÷|·|«,
| --| , r ··|·||·, ·|·|| ·, +| -|+|·||, ·| ·|, , -||·|| ·, -|, |·--|| ~| · ·|·|| ·
·| . ¸·|¸·|, ~ ·| r·| ·|| -| : ·| ~·| .|·| ·+··| r·| ` .¯ -||·| ·| `
.¯ +·| ÷ + · ·| ·| ~|-| ||-| .|··|||| |· +|· ||, +··| r : |·-|| +
¹.¨¹..¨. +| |··||·| + ~-| ·||· -|||+··| ¸| | |, +| ·|||·|-| +··|
r ¸ ¸·|¸·|, r·| ;|·| ` ¯. +·| ÷ + + -| ~·| ·| ·||+ ·| |+¸ ·|¸:
ê4 + l·i ¢·i :ii-ilºi ··i·iªii·i ·
iii·il-i+·iiiii··i =i >i =·iiª
|·| .¨. + ·| ·|-| ·| + + .||·||·|+·||.||·| -| ~| ~|·|·|| +| ·||·|
` .-¹¨ +·| ÷ ·r| ·|| ·|·||·|| |·|·| |-||-| ·| + ~ ·| ,¸¸-|·||·||) +|
¹¹.¯ö .||·||·| r :
+ l·i »l:i-i
·| + +| + -| + |·| ~|·|·| ` ·ö¯¹ +·| ÷ ·r| ·|| ·|·||·|| |·|·| |-||-| ·| +
~·| ,¸¸-|·||·||) +| .4¯ .||·|·|·| r| ·|| r : .|··|-| + |·| ~ ·|
`¯ö¹. +·| ÷ ·r| ·|| ·|·||·|| |·|·| |-||-| ·| + ~ ·| ,¸¸-|·||·||) +|
·.¨¯ .||·||·| ·|·|| |·| -| + |·| ~ ·| ` .¨. +·| ÷ ·r| ·|| ·|·||·|| |·|·|
|-||-| ·| + ~·| ,¸¸-|·||·|| +| ..4¨ ·||·|·|·| r| ·|| r :
+-i=ii ª ·i·ii +i »l:i-i
¹ ·||| , .¨. +| |··||·| + ~-| ·||· +·|·|| · |·|| +| ` ¯-ö +·| ÷
+| ~|·|·| |··|| ·|·|| ·|| ·|·||·|| |·|·| |-||-| ·| + ~·| +| ·.¹. .||·|·|·|
r :
-isii -i , -i·i ¢·i ªi¸ =-i =¤-i (¢-i¢ªi¢-i¡ ) ·i·ii ªi¸ =-i ¢·i -i·i =¤-i
(¢-i¢ªi¡ )
,-| -| ~|| ·| ·| + +| ·| | |, ~·||·||··| ·r| ~| · ||·-| ||·||·| |·| +|
·| -|-|| ·| ¸·|¸·|¸·|, ¸| ·| -·| | -|·| ···| ,¸·|¸·|, ) + ~ ·|·| ·| ~|·|·|
+·|·| ` ¯-ö¨ +·| ÷ ¸| `¹4¹¯ +·| ÷ ·r |·|-|+| ·| | |, ··
+·|·| .¨.¯ö .||·|·|·| ·|·|| .... .||·|·|·| ·r|:
»-·iªi =·i+ ªi-i «i·i +i »l:i-i
~-|·| ··|+ ·|·| ·|·|| +| ·| + +| + -| ~|·|·| ` 4¹ +·| ÷ ·r| ·||
¸¸-|·||·|| +| 4.-- ·||·|·|·| r :
»-·i ·il·il·il·i·ii
·| + -| + |·| ·||·||·| ·| ·| ·|| ~|·|·|| +| ·|«|-| + |-|¸ | · · ·| ·| +, ~·|
|·|||· ~|·|| |·|·| |+¸: |·| .¨. + ·| ·|-| ·| + -| |||·||··|+
23
the year 2011-12 the Bank had entered into MOU with different
organizations like Ashok Leyland, Bajaj Auto Ltd., National
Collateral Management Services Ltd., etc. to lend commercial
vehicles and finance farmers against their Storage receipts. The
Bank had put serious emphasis on Govt. sponsored schemes
l i ke PMEGP (Pri me Mi ni ster Empl oyment Guarantee
Programme), SGSY (Swarnajayanti Gram Swarozgar Yojana),
SJSRY (Swarnajayanti Shahari Rozgar Yojana), PMRY (Prime
Minister Rozgar Yojana), SHG (Self Help Group), JLG (Joint
Liability Groups), etc. Gold loan scheme was also revised and
launched with a competitive structure to boost finance under
Priority Sector and Agriculture Business. Famers had been
facilitated with credit facilities through tie-up arrangement with
sugar companies.
6.5. Financial Inclusion:
In compliance with the directions given by the Government of
India and Reserve Bank of India, the Bank had taken up
implementation of the project under ‘Financial Inclusion’. The
Bank had adopted 3-way Approach to implement the Financial
Inclusion Programme which constitutes (i) Brick & Mortar
branches, (ii) UCO Bank on Wheels (Mobile Van) and (iii)
Business Correspondent (BC) Model using ICT-based financial
inclusion.
The Bank had achieved a rare milestone in the field of Financial
Inclusion. During the year 2011-12, the target for the Bank was
to cover 1703 unbanked villages having a population of 2000
plus each. The Bank had covered all the villages within the
stipulated time. In addition to that the bank has covered 107
villages with a population of 1000-2000 each. Thus the Bank has
covered 1810 number of villages; and 639149 number of no –frill
accounts were opened in these villages.
The Bank has 24 “UCO Bank on Wheels” operating in 18 Zones.
Under ICT based BC Model, 47984 Smart cards had been issued
to the customers. To extend business in the field of Financial
Inclusion the Bank had also opened 62 Ultra Small Branches
(UCO MITRA SAKHA) in the unbanked villages under 11 Zones
in compliance with the latest guidelines of Government of India
on Financial Inclusion.
6.6. Recovery:
Financial year 2011-12 has been declared as “YEAR OF
RECOVERY” and there is substantial improvement in Recovery
and Upgradation in NPA accounts during the financial year 2011-
12 over the last year.
||r-|| |· ··||· · -| ·|·|| ·| ÷|··| ··||·| + ¸|·| ·| |+·||-|| +|
||·||| |·|·| +·-| r ·| ~·|| + -| -| ÷, ·|·||·| ~| | |-|., -| ·|-|-| +| -| ·-|
·| -| ·|·| ·|||·| ·| |-|. ·| ·|| |||·|--| ·| ··||~| + ·||·| ·|·|÷|| ·|| -|||-| |·
r··||-|· |+¸: ·| + -| ||¸·|, ·|||| ,.|·||-| ·| ~|| ·| ·|·||· ·||· | +|·| +·|),
¸·|·||¸·|||, ,·|·| ·|·| ·|| ·||·| ·|·| ·|·||· ·|| ·|-||), ¸·|·| ¸·|~|·||,
,·|·| ·|·| ·|| ·|r·| ·| ·|·||· ·|| ·|-||), ||¸·|~|·||, ,.|·||-|·| ~|| ·| ·|·||·
·|| ·|-||), ¸·|¸|·|| ,·|·| ·|r|·|·|| ·|·| r), ·| ¸-|·|| ,·| ·| · · ·|·|| ·|·| r)
·| ·|| ·|·+|·.||·|| |·|·| ·|| ·|-||~| |· ·| ·||··||| | + ·|-| |··||: ·|·| ~ ·|
·|| ·|-|| +| ·|| ·| ·|| |·|·| |+·|| ·|·|| ~| · ··| ,·| .|+|· .||· ·| |+·|| ·|·||
|·|·|·| |r .||·||·|+·||.||·| -| ~| ·|·|| + |·| ·||·||·| + ~ ·|·| ·| ||·||| ·|·|
+| ·||·| ·| ·| +·-| +| ¡|· ·| .||·|·|·|| ··|+ ·|-| ·|+ : ||-|| + ||-|·|| +
·||·| ·|·||÷ ·||··|| + ·||··|·| ·| |+·||-|| +| ~ ·| ·| ||·||¸ ·|-|··|
+·|, ·|, :
6.5 Ê´ÉkÉÒªÉ ºÉ¨ÉÉ´Éä ¶ÉxÉ :
·||··| ·|·+|· ·|·|| ·||··||·| |··|| ·| + ;|·| |·¸ ·|¸ |-|· ·| + ~-| ·||-|-||·|
·| + -| ||·||·| ·|·||| ·|-| + ~ ·|·| ·| ·||··|| ·|-|| +| +|·|| -|·|-| ~|· ·|
|+·|| r : ·| + -| ||·||·| ·|·||| ·|-| +|·| +·| +| +|·|| |-|·| +·-| + |-|¸
3 ·|·+| ,|·+| | ~·|-||·|| r |·|·|·| (i) ||· ·||·+ ·||·||¸ , (ii) |-||·|·||-|
·| +| ·| + (·||·||,-| |-|) ·|·|| (iii) ~|, ·||| ~|·|||··| ||·||·| ·|·||| ·|-|
+| ·|·| · +· ·||·||·|| ·| ·|+| (||·||) ·|| ÷-| ·|||·|-| r :
·| + -| ||·||·| ·|·||| ·|-| + -| ~| ·| · -| ·| +||·|·||-| ··|||·|·| |+·|| r : |·|
2011-12 + ·| ·|-| ·| + -| ·|r -|-·| |-|·|| |··| |+·|| ·|| |+ ·|··| + 2000
·| ~|·|+ ·|-|·| ··||||-| 1703 ·| +-·|r·| ·|| || +| ·| |+·| ·| ||·|| +
·|·|· ·| -||·|| ·||¸: ·| + -| |-|·|| |··| ·|·|·| + ·||·|· ¸ ·| ·|·|| ·|| || +|
·| |+·| ·| ||·|| + ·|·|· ·| -| |-|·||: ,·|+ ~|·||··, ·| + 1000-2000
·|-|·| ··||||-| ·|·|| 107 ·|| || +| ·|| ·| |+·| ·| ||·|| + ·|·|· ·| -||·|| r :
,·| ·|+|· ·| + 1810 ·|| || +| ·| |+·| ·| ||·|| + ·|·|· ·| -||·|| ·|·|| ,-|
·|||| ·| ·|||·|·| ·|||·||||-| 639149 ·||·| ·|| -| ·|¸ r :
·| + + ·||·| 24 “|-||·|·||-| ·| +| ·| +” r ·|| 18 ~ |-|| ·| +|·| +· ·r
r : ~|, ·||| ~|·|||··| ·||·|| ·|| ÷-| + ~ ·|·| ·| ·||r+| +| 47984 ··||
+|÷ ·||·| |+¸ ·|¸: ||·||·| ·|·||| ·|-| + ·| ·| ·| ·| ·|·+|· + -|||-|·|·|
|··|||-|· ·| + ~-| ·||-|-||·| ||·||·| ·|·||| ·|-| + -| ~| ·| +|·| ·||· ·|«|-| +
|-|¸ ·| + -| 11 ~ |-|| + ·| +-·|r·| ·|| || ·| 62 ~|·| -|·| ·||·||¸ (·| +|
|·|~| ·||·||) ·|| -||:
6.6 ´ÉºÉÚ ±ÉÒ :
||·||·| |·| 2011-12 +| “´ÉºÉÚ ±ÉÒ ´É¹ÉÇ” + ¬ ·| ·| ·|| |·|·| |+·|| ·|·|| ·||
~| · |·|·-| |·| +| ·| -|-|| ·| ||·||·| |·| 2011-12 + ·| ·|-| |·| -||/
~-|·| + ~||··| ·||·|| + +| |-·--|·|-| ·| +|+| ·| ·||· r ~|:
Ê´É´É®hÉ per cent ´ÉÞ Êr
Particulars 31.03.2011 31.03.2012 per cent Increase
-|+·| |·| -|| / Cash Recovery 434 658 51.61
+| | ·--|·|-| / Upgradation 226 417 84.51
EÖ ò±É / Total 660 1075 62.88
,< +·| ÷ ·| ) / (< in Crore)
"
|·-||+ 31.03.2012 + ·|·||·| |·| + ·|·|-| ·|, ÷|-| ·|· ·|||| ·| ` 23
+·|· +| |·|-|| +| ·|, |·| 2011-12 + ·|·|-| ·|·|÷|||| |-|·|·|-| +
·||·|·| ·| 5000 ·| ~|·|+ ·|||| ·| ` 104 +·|· +| |·|-|| +| ·|,
·||·| ·|·+|·, ||·| ·|~||-|| + |-|··| + ~-|·||-|-||·| ·|+ -| |·-||+
30.09.2011 +| ·|·||·| ||·||r| +| |··||| + ~-|·||· ~-|·|+ ~||·|||
+| 100 .|||·|| .|·||-|| ~|·|||·| ·|r||-| ~|· |·|-||-| +| +|| ·|·| +·
|-||| r ·|+ -| |r |-|·|| |+|| r |+ ·|+-| .|·|·| ~·|-| -|~|||·|+|· +
~·||-| ` 1.00 +·|· ~|· ··|·| ~|·|+ ·||·| + ~-|·|+ ~||·| ·|||| ·|·
||-·|| ||· ·|· |-|·|·|-|| ··|·| |·|| ~|-| .|·|·| ~|-| ·| ` 10 -||·|
~|· ··|·| ~|·|+ ·||·| + ~-|·|+ ~||·| ·|||| ·|· ||-·|| ¬ ·| ·|
|-|·|· ~|·||· ·|· |-|·|·|-|| ··|·| ·|· |·| + ·|·|-| |·r|=·rr +r-+ |-ªr·r
+ ·||·|·| ·| ~|-||/·|+-|| + |·|-|| ·|·|·|| +|| -|-|··||·-| ·|· ~|||·|+
|-|·|·|-|| ··|| ·|,
|·-||+ 31.03.2012 +| |··||| + ~-|·||· ·||-|·|÷|+· |+ +·-|||-|
+ ¬ ·| ·| 340 ·||·|-|| +| ·|r||-| +| ·|, r |·|| |·||·|-|/·||·||| |··||
·|+ +| |··||· +| ·|, r ·|·||+ |·-||+ 31.03.2011 +| |··||| +
~-|·||· |·-|¬ ·|| ~|+· 134 ·|
|·| + ·|·|-| 359 -||+ ~·|-|| -|·||, ·|, |·|-|·| ` 6.26 +·|· +|
|·|-|| +| ·|, |·|| ` 5.00 -||·| |+ + ·|· ~ ·| ·|||| ·| ||·|·|
·|·|÷|||| + ·||·· ` 30.47 +·|· +| |·|-|| +| ·|, ·|· ~-|·|+
~||·| + ·|||| ·| |·|-|| +| ·+||· |·| +·-| + ···| ·| ,·| ||·|-||
+| ~||·| +| 31.03.2013 |+ ·|«||| ·|||
·||| + ~-|·|+ r|| r| |·| ·|·+·|| +|·||, ·|¬ +| ·|||| r ; |·||
|·-||+ 31.03.2012 +| |··||| + ~-|·||· ·|·+·|| +|·||, + ·||·|·|
·| ` 210 +·|· +| |·|-|| +| ·|,, ·|·||+ |·| 2010-11 ·| ,·| .||+||
·| ` 108 +·| · +| |·| -|| +| ·|, ·||
7. ªr-r·r + {·r ªrºr+|+ººr +r·r +-rr·r
7.1 »rr |=r-r ir·r ·r-r :
|·| 2011-12 + ·|·|-| ·|+ -| ·|||·|·| .|·|·|-| |··|||-|··| + ~|·|| +,
-|, ·|r-|| + |-|· ·|·||· .|||·| |+· |-|·|·|-|| .|·||-|| +| ·|·|·|| +·-|
r| +·|· ·|||·|·| .|·|·|-| +-| ·|-||· ·|· ~|· +-|+| +|÷· ·|··|
.|·||-|| -||·| +| ·|, ··||·+||~| +| ·|¬ ·|·|| ~|··|| + ~|·||· ·|·
|||-+ ··||·+||-||· ·+·|·||·|· +| ·||·| ·||·|| || +| ·|,
·|-|+ ·||-||||·|| |-||-||·| |··||· , |·|÷ ~| |+·| |··|| · |·|| ·|r ~|||·||
|-||-||·| |··||· +| ·|· ~|| +| ·|, |·|| ~-|·||| + ~-|·||· ·-r
·||·|··| .|·|·|-| + ·|·|-| .|·|| |+|| ·||| ||·|||·+ ·|r| ·|· ·||·||·
·|||·|·| +| ·|·|-|| ·|-|+ ~|·||· ·|· ·|+-|||·||+ +| ·|, ·|+-| ·|·
·|· +||·| ·|·|| -||÷-| ~|·|+||·|| +| |·||·|-| ·|·|·|| .||·|-|·| .|·|-|
|+|| ·||| |||+ ~|+·| + ·||+|· +·-| /-|-| +| |+|| ·| ·|·||· r|
·|+
Recovery made in Written-Off accounts during the year ended
31.03.2012 was ` 23 crore. Recovery made during the year 2011-
12 through Compromise settlement is ` 104 crore comprising of
more than 5000 accounts.
The Bank had completed 100per cent system based identification
and collation of NPAs as of the quarter ended 30.09.2011, in
compliance with the directives of Government of India, Ministry
of Finance. The Bank had decided that the Circle Heads would
personally monitor all NPA accounts of `1.00 crore and above
under their jurisdiction and Zonal Heads would personally monitor
NPA accounts of `10 lac and above in the Zone on an on-going’
basis. Periodic Monitoring of recovery performance of Zones/
Circles through VIDEO CONFERENCING had been done
throughout the year.
As on 31.03.2012, 340 cases has been identified as wilful
defaulters and reported to CIBIL/RBI as against the corresponding
figure of 134 as on 31.03.2011.
Number of Lok Adalats conducted during the year was 359 from
which recovery of ` 6.26 crore was achieved; and recovery made
through Special Compromsie Settlement Scheme in small loan
accounts up to ` 5.00 lakh was ` 30.47 crore. The scheme had
been further extended up to 31.03.2013, in order to boost up the
recovery in small NPA accounts.
SARFAESI action being initiated immediately after the account
became NPA; and as on 31.03.2012, total recovery made through
SARFAESI action is ` 210 crore as against ` 108 crore during
2010-11.
7. BOLSTERING ACTIVITIES:
7.1. Risk Management:
During the year 2011-12 the Bank had put serious efforts to take
several new initiatives under the guidelines of Risk Management.
Fraud Risk Management Cell and Centralized Credit Rating
System were put in place to strengthen monitoring system.
Individual Borrower wise Exposure Ceiling based on the
Constitution of the Borrowers had been fixed. Daily Structural
Liquidity Report, Mid Office Report & Dynamic Liquidity Report
were introduced and were being placed to the Top Management
as per schedule. Computation of market risk on the trading book
on a daily basis had been done successfully. Training on CIBIL
for all the nodal officers in the Circle level had been provided to
improve the data acceptance /pulling.
#
7.2. Corporate Communication:
During the year 2011-12, the Bank had taken several initiatives
under the guidance of Corporate Communications through various
media namely electronic media, print media, internet, publicity
material, sponsorship, outdoor media, etc. Widespread publicity
campaigns were carried out for mobilization of CASA deposits,
celebrating Festival Bonanza Offer, launching of new schemes
such as, 'UCO Sunshine Recurring Deposit Scheme, 'UCO
Vasant Bonanza Fixed Deposit', 'UCO Sowbhagya Recurring
Deposit', etc. The Bank also organized "Campaign for Gold Loan",
"Campaign for Advantage UCO - Home Loan and Car Loan" etc.
Payment of State Commercial Tax through the Bank in various
states was one of the achievements during the year 2011-12.
In order to improve the brand name of the Bank, various
campaigns were undertaken for different products through various
jingles on different radio stations. Intensive campaigns were
undertaken by the Bank for popularizing its brand name during
the presentation of Union Finance Budget for the year 2011-12
through Radio jingle and telecast of Bank's promos on different
television channels. Internet advertisement had been organized
through different sites. The Bank had also displayed and installed
banners at the entrance/exit points during various important
activities/happenings like sports, festivals, musical programmes,
etc. in the city of Kolkata to propagate various products and brand
name of the Bank. Sponsorship of Gates, pillars, hoardings to
various Puja Committees, display of 500 banners at various Puja
Committees, distribution of UCO Bank branded T-shirts and caps,
etc. had been arranged to promote different products during Durga
Puja.
The Bank had celebrated its 70th foundation day with the main
function held at Science City on 6th January, 2012. A branded
canter/tableau was flagged off from Head Office and roamed for
7 days in Kolkata. Pamphlets on CASA, Retail loans, Education
Loan, Home Loan were also distributed. School bags, school
stationary were given to 69 needy students on the auspicious
occasion of Foundation Day celebration.
7.2 +rº·rr º c ªr ªr¸ -r-rr
|·| 2011-12 + ·|·|-| ·|+ -| +|··||·· ·|·||-|| + |··|||-|··| +
~|·|| ||||·| ·|||÷|| |·|| ,-|+·||-|+ ·|||÷||, |.|· ·|||÷||, ,··-|·,
.|||·-·||·|·||, .||||·|+|, ·||- ·|||÷|| ~||· + ·||·|·| ·| +, ·|r-|
+| +|·|| ·|·||·||·| + ·|·|r·|, ||r|· ·||-|-·|| ~|+· + ~|||·|-|,
‘| +| ·|-|·||,-| ~|||| ·|·|| || ·|-||, '| +| ·|·| | ·|| -| -·|| ·||||·| ·|·||,
‘|+| ·||·||·| ~|||| ·|·||' ·|·|| -|, ||·|-||~| +| ·|· ~|| + |-|·
||·|+ .|||· ~|·|||-| |-||· ·|· ·|+ -| “·|·| ~ ·| ~|·|||-|”, “|+|
~|||·| ~ ·| ~|· +|· ~ ·| + ¬ ·| ·| |+| ,|·| .|··| -||·| r|
~|·|||-|” ~||· ·|| |-||· |·| 2011-12 + ·|·|-| +, ·|·|| ·| ·|+ +
·||·|·| ·| ·|·| |||·|·| +· +| ·|·|||-| +, ··|-||··||| ·| ·| ·+
··|-||··| ·||
·|+ + ·||÷ -||·| +| .|||·| +| ·|«|-| r| |||·|--| ·|÷|| ···|-|| {|· +,
.|+|· + |·|·|-·| + ·||·|·| ·| |||·|--| .|+|· + ··||·| + |-|· +,
~|·|||-| |-||· ·|· |·| 2011-12 + |-|· +-|| ||·| ·|·|· .|·|||+··|
+ ·|·|-| ·|÷|| |·|·|-| |·|| |||·|--| ·|-|||·|-| |-|-|| ·|· ·|+ +| .|||·
– ·||·|·|| (.||·||·|) + ·-|+|·· + ·||·|·| ·| ~·|-| ·||÷ -||·| +| .|||·|
+| -||+|.|| +·-| r| ·|+ ,|·| ·|r-| ~|·|||-| |-||· ·|· |||·|--|
·||,·| + ·||·|·| ·| ,··-|· ||-||·|-| +| ||··|| +| ·|, ·|+ -| |||·|--|
··||·| |·|| ·|+ + ·||÷ -||·| +| .|||·| + .|||· r| +|-|+||| -|·|·
·| ·|-|-+·, ||r|·, ·|·||| +||+·| ·|·| ·|r|·|·| +||+-||·|| +
·| ·|-| .|| ·| / .|··||-| ··|-|| ·|· ·| -|· .|·|·|| |+· |||·|--| ·| ·|| ·||·|||||
+| ·|·, Ê{É-|·, r||÷·| .|||||·|| +·, +, ·|·|| ·||·||||| + ·|·|| ··|-||
·|· 500 ·|-|· .|·|·|| +·, |+| ·|+ -||·|||+| ·|-·|· ·| ·| ·|| ~||·
||||·| +· ·|+ -| ~·|-| |||·|--| ··||·| +| ·|«||| |·||
·|+ -| ~·|-|| 70 || ··||·|-|| |·|·| ~||||·|| |+|| ~|· ,·|+| ·|·|
·|·||·| r 6 ·|-||·|, 2012 +| ·||, ·| |·|·| ·| ·|-|||| ·||| .|·||-| +||| -||
·| ·+ ·||÷÷ +··/··|-|| +| r·| ÷|÷| |··||+· ·||-|| |+|| ·||| ·||
+|-|+||| ·| 7 |·-|| |+ ·|·|-·|·| +· ~·|-|| ÷||+| .|·|| +·|| ·r|
+|·||, |··-| ~·|, |·|-|| ~·|, ~|||·| ~·| ·|·|·|| ·|·+-|· ||||·| |+·
·|· ··||·|-|| |·|·| ·|·||·|r + ·||·||-|+ ~|·|· ·|· 69 ·|¬·|·|·
||·||·||| +| ·+-| ·|·|, ·+-| ·||·|·|| ·| ·|,
{r¸ »r| ·r·rr ··r·rr / Capital Adequacy (·rrªr -r / Basel II)
|·r·rººr ; Particulars -rr-r / Mar'11 -rr-r / March, 2012
{r¸ »r|·r·r |-r|·r / Capital Fund : ºr|ºr ` +ºr= -r / Amt in ` Cr.
|·|· I / Tier I 7,012 7,891
|·|· I / Tier II 4,266 4,151
+-| / Total (|·|·/Tier I + |·|·/Tier II) 11,278 12,042
Risk Weighted Assets 82,272 97,550
{|·|| ·|||·||| ~-|·||| ; Capital Adequacy Ratio (per cent) 13.71 12.35
|·|·/Tier I (per cent) 8.52 8.09
|·|·/Tier II (per cent) 5.19 4.26
$
=··rr< -rr·r¸ |<-rr +
Products Introduction Date
|+| ,-·÷ 25 ~.| -|, 2011
UCO e-trade 25th April, 2011
~|, ··| ·|| ··| ,|+|-| ·||·||,-| ·|·|||-| ·|||) 22 ·|-||,, 2011
IMPS (Instant Mobile payment service) 22nd July, 2011
|||-+ |+| ||·|| ÷|·|· +|÷ 6 ·|-||·|, 2012
Personalized UCO VISA Debit Card 6th January, 2012
7.3. Information Technology:
The Bank had become fully CBS enabled by February, 2011. As
of March, 2012, all the new branches, CBOs and extension
counters were made CBS enabled. Total number of 843 branches
(100per cent) of Bank sponsored 5 RRB's migrated to CBS.
RTGS/NEFT facility extended to Bank sponsored 5 RRBs.
On the technology front the Bank had held its flag high by taking
several new initiatives during the year 2011-12. Some of these
initiatives are stated below.
Ø Govt. Business Module implemented in all designated
branches.
Ø Two factor Authentication implemented for e-banking
customers.
Ø Anti-Phishing Services implemented to protect customer's
data from going to the wrong hands.
Ø Collection of State Taxes for West Bengal, Orissa, Delhi,
UP made live. In the previous financial year, Maharastra's
tax collection was made live.
Ø Online Payment facility of customs duty is available through
e-Banking.
Ø Instant Fund Transfer to RD and Loan accounts through
e-Banking.
Ø Bulk salary upload facility for Chhattisgarh Govt. activated.
Ø New e-products introduced in the Bank in the current year
is given below:
7.3. ªr¸ -r-rr irr cr |·r+|
+·|·|, 11 |+ ·|+ ·| ·||·||··| .|·||-|| ·|·|||| -||·| r| |+| ·||
·||| , 2012 |+ ·|·|| -|, ·||·||· , ·||·||~| ·| ||·||· ·|·-| ·|| ·||·||··|
.|·||-|| ·| |- r| ·|· ,·| ·||| ·|+ ,|·| .|||||·|| 5 -|~||| ·||·||·|
·|+| +| 843(100 .|||·||) ·||·||· ·||·||··| ·|||·|||- r| ·|, ·|+
,|·| .|||||·|| 5 -|~||| ·||·||·| ·|+| +| ~|··|·||··|/·-|,·+·| ·|||·||
·|| .|·|-| +·|, ·|, r
.||·||·|+| + ·|· ·|· |·| 2011-12 + ·|·|-| ·|+ -| ||||·| -|, ·|r-|
+· ~{|-|| ÷|÷| + || ··|| ,-|·| ·| +| ·|, +· ·|r-| |-|·-||-||·|| r -
Ø ·|·|| -|||·|| ·||·||~| ·| ·|·+|·| ||·||| ·||÷|-| +||||-|| +|
·|,
Ø ,-·||+·| ·||r+| + |-|· 2 |··| .|·||·||+··| +| +|| ·|·| |+||
·|||
Ø r·||· ·||r+| ·| ·|·||·|| ~|+· ·|-|| r|·|| ·| -| ·|· ·||·, ,·||-|·
· ·|-|+|·|·| ·||| +| +|||-||-| |+|| ·|||
Ø {ÉζSÉ¨É ·|·||-|, ~| |··||, |·--|| ·| ··|· .|··| ·| ·|·| +·
·|·|r·| +| +|| ·||+| +· |·|| ·||| |·|·-| ||·||| |·| ·|
·|r|·|·· ·|·| +| +· ·|·|r·| ·||+| |+|| ·||| ·||
Ø ,-·||+·| + ·||·|·| ·| ·||·|| ·|-+ + ~|-| -||,-| ·|·|||-| +|
·|||·|| .||·| r
Ø ,-·||+·| ,|·| ~|||| ·|·|| |·|| ~ ·| ·|||| ·| |+|-| |-||·| ~|··|
+| ·|||·||
Ø ··||·|·|« ·|·| ·|·+|· + |-|· ·||+ ||-| ~{|-||÷ +·-| +|
·|||·|| ||-| +· ·| ·|, r
Ø ||-| ||·| |·| + ·|·|-| ·|+ ,|·| -||·| -|· ,-··||· |-|·-||-||·||
r·-
%
7.4. Operations & Services:
Know Your Customer (KYC) & Anti Money Laundering (AML)
System Based KYC Monitoring has been put in place for KYC
compliance through KYC menu in CBS System. The installation
of AML software for daily processing and monitoring of all
transactions in the Bank to generate (a) Suspicious Transaction
Reports (STRs) and (b) Cash Transaction Reports (CTRs) has
been streamlined further and the Bank is able to effectively
process and monitor all transactions particularly through new
alerts. KYC compliance had been achieved to the extent of
98.29per cent . CTRs, STRs, CCRs and NTRs had been
submitted regularly to FIU-IND, New Delhi.
Customer Service
The Bank continues to attach utmost importance to the customer
service and is constantly reviewing its business practices to
provide the best possible services to the customers.
Top executives of the Bank, during the year 2011-12, interacted
with the customers of the Bank at frequent intervals at different
centres across the country to have complete feedback and
understanding of the needs and grievances of the customers of
the Bank. Apart from this, nodal officers had been appointed at
all the Zonal Offices to look into the grievances. Effective steps
were taken by the Bank to redress grievances of the customers;
and accordingly, the Bank has brought down the number of
customer complaints to a very low level through its prompt
redressal mechanism. The meeting of the Standing Committee
on Customer Service at corporate level of the Bank was held as
per schedule and was attended by senior executives of the Bank
as well as customer representatives.
Transparency had been maintained by the Bank by hosting at
Bank's website: (1) Policies on Customer Grievance Redressal
(2) Cheque Collection, (3) Compensation & (4) Collection Of Dues
and Repossession Of Security.
Awards passed by Banking Ombudsman were being implemented
by the Bank and as of date no Award i s pendi ng for
implementation.
Right to Information (RTI) Act
Under the light of Right to Information (RTI) Act Bank's
commitments for our customers are well defined and published
in the Bank's website. The Bank is in continuous process of
strengthening of review under Right to Information (RTI) Act. The
Bank had designated central and zonal nodal officers to cater to
the queries of different customers and other stake holders
regarding RTI matters. Names and contact details of nodal officers
are mentioned in the Bank's website. As per RTI Act 2005, the
Bank has appointed 36 PIOs and APIOs, one at each Zonal Office
level and two CPIOs and two CAPIOs at Head Office level to
facilitate disposal of RTI applications seeking information and
one Appellate Authority at each Circle Office and Head Office for
disposal of appeals filed under their jurisdiction.
7.4. {r|º-rr-r-r {·r ªr ·rr :
¤{r-r :rrr+ +r »rr-r (+ ·rr; ªr|) {·r ·r-r ºrr·r-r |-r·rrººr ({{-r{-r)
·||·||··| .|·||-|| ·| +|||·|| ·|-| + ·||·|·| ·| +|||·|| ~-|·||-|-| r|
.|·||-|| ~|·|||·| +|||·|| ·||-||·|··| +| ||··|| +· ·| ·|, r ·|+ ·|
·|·|| -|-|-·-| +| ·||-||·|··| |·|| .|·|·+··| +·-| r| ···|·-| ·||+·||·
+| ·|··||·|-|| + +-|·|¬ ·| (+) ·||···| -|-|-·-| |··||·(··|·|~|·) ·|
(·|) -|+· -|-|-·-| |··||· (·||·|~|·) +| ·||·|| +·-|| ·|·-| ·|-|| |·||
·||| r ~|· ·|+ ~·| -|· ·-|· + ·||·|·| ·| ·|·|| -|-|-·-| +| ·||-||·|··|
|·|| .|·|·+··| +· ·|+|| r 98.29 .|||·|| +|||·|| ~-|·||-|-| .||·|
|+|| ·|| |+| r ·+~|,|-~|,·-|÷|, -|, |·--|| +| |-|||·|| ¬ ·| ·|
·||·|~|·, ··|·|~|·, ·||·||~|· ·| ·-|·|~|· .|·|| |+· ·|| ·r r
:rrr+ ªr ·rr
·|+ ·||r+ ·||| +| ~|| ·|r|·|·| ·||-||| r |·|| ~{|-| ·||r+| +|
·|||+·· ·||| .|·|-| +·-| + ···| ·| -|·||||· ~{|-|| ||·||| .|·||-||
+| ·|·||-|| ·|| +·|| ·r|| r
|·| 2011-12 + ·|·|-| ·|+ + ·||r+| +| |·|+|||| |·|| ·-|+| ·|¬ ·||
+| ·|r|· «·| ·| ·|·|÷|-| + |-|· ·|+ + ·| +||·||-|+| -| ·|·|·| ··|
+ |||·|--| +-| ·|· ·||· -·||· ~|·|-| ·|· ·||r+| ·| ||||· ||·|·| |+||
,·|+ ~|||·- ·|·|| ~|-| +|||-||| ·| ·||r+| +| |·|+|||| ·|· ·||-|
·-| + |-|· -||÷-| ~|·|+||·|| +| |-||- |+|| ·||| r ·||r+ |·|+||||
+ |-|·|·|-| + |-|· ·|+ ,|·| .|·|||| ·{||| |+· ·|· ·| |·-|·||· ||·|
|·|+||| |-|·|·|-| .|·||-|| ,|·| ·|+ ·||r+-|·|+|||| +| ·|·|| +| ·|r|
+·| +·-| ·| ·|+-| r~| r ·||r+ ·||| ·|· ··|||| ·||·||| +| ·|·|| ·|+
|-|·|||·| ~-|·||| + ~-|·||· r, ·| ·||r+ .||||-||·||| + ·||·| ||··
+||·||-|+| -| ,-| ·|+| ·| ·||·| |-|||
·|+ -| ~{|-|| | ·|·||,· ·|· (1) ·||r+ |·|+||| |-|||··| -|||| (2) |+
·|·|r·| (3) -|||·||| ·| (4) ·|+||| +| |·|-|| ·| .|||·||| ·|· ·|-|+··||
·| ·|·||·|| |·|| +| ÷|-|+· ·||··|·||| ·|-||· ··|| r
·||+·| -||+·||-| ,|·| ·|||·| |-|·|| ·|+ ,|·| +||||-|| |+· ·|| ·r r
|·|| ~|·| +| ||·|·| ·| ·+ ·|| |-|·|| +|||-||-| r| -||·|| -|r| r
ªr¸ -r-rr +r ¤|·r+rº (¤rºc|¤r; ) ¤|·r|-r·r-r
·||-|| +| ~|·|+|· (~|··|~|, ) ~|·||-||·| + ~|-||+ ·| ·||r+| + .|||
·|+ +| .|||·|;|| ·|·|||| ·||··|||·|| r ~|· |r ·|+ +| |·|·||,· ·|
÷|-| ·| ·|, r ·||-|| +| ~|·|+|· (~|··|~|,) ~|·||-||·| + |r|
·|·||-|| +| ·|¡« +·-| + |-|· ·|+ -|·||||· .|||·|·| r ·|+ ,|·|
+ -|| ·| ~ |-| + -|| ÷-| ~|·|+||·|| +| ·| |-|| +| ~|·|+|· (~|··|~|, )
~|·||-||·| + |r| |||·|--| ·||r+| ·| ~-| |r|·||·+| +| ·|·||·||
·||-|+|·| .|·|-| +·-| + |-|· -|||·|| |+|| ·||| r ·|+ +| |·|·||,· ·|·
-||÷-| ~|·|+||·|| + -||·| ·| ·|·|+ -|·|· |·· ·|· r ·||-|| +|
~|·|+|· (~|··|~|, ) ~|·||-||·|, 2005 + ~-|·||· ·|+ -| .||+ ~|-|
+|||-|| + ·|· ·|· 36 {||~|,~| |·|| ··||~|,~| +| ·| 2 ·||·||~|,~|
|·|| 2 ·||··||~|,~| +| .|·||-| +|||-|| + ·|· ·|· |-||- |+|| r
|·|·|·| ·||-|+|·| .||·| +·-| ·| ·|·||·|| ~|··|~|, ~||·-|| +| |-|·|·|-|
r| ·|+ ,·|+ ·||·| r| .||+ ·||+-| +|||-|| ·| ·-|+ -|~|||·|+|· ·|
~|-|||-| ~|-|| + |-|· |·|| .|·||-| +|||-|| ·| ·|| ~{||-|| + |-|·|·|-|
r| ·+·+ ~{||-| .|||·|+|·| +| |-||- |+|| ·||| r
&
7.5. Credit Monitoring:
The Bank, in order to maintain and improve the quality of assets,
strengthened its Credit Monitoring Mechanism through
implementation of several measures particularly having a Graded
system of monitoring of accounts at various levels by assigning
responsibility of monitoring of accounts based on sanctioned
credit limits with the objective to intensify the credit monitoring
and have focussed attention to critical accounts. In addition, the
bank has also streamlined the information system by directly
obtaining information from the CBS system for facilitating prompt
decision making at various levels. The Bank has envisaged
creation of a pool of dedicated Executives and Officers, with track
record on handling large borrowal accounts & well versed in
handling of credit at the operational level, for undertaking credit
audits.
The Bank has done a commendable work in getting registered
with the Central Registry of Securitization Asset Reconstruction
and Security Interest of India (CERSAI) particulars of security
interest over property created on or before 31/03/2011. Such
registration under Central Registry Rules 2011 under section 20
(1) of the SARFAESI Act 2002 was permitted by the Central
Government with retrospective effect to be completed within
31.03.2012. The Bank could ensure uploading of over 1.17 lac
particulars of security interest over property created on or before
31.03.2011.
7.6. Inspection:
The Bank has a well-established Audit and Inspection Department
that exami nes adherence to the Systems. Bank has a
comprehensive Inspection and Audit Policy for undertaking
Internal Inspections, Concurrent Audit, Revenue Audit, Risk
Based Internal Audit, IS (Information System) Audit and
Management Audit. The guidelines received on various issues
of Internal Control from Reserve Bank of India, Government of
India, Board and Audit Committee of the Board have become
part of the internal control system for better risk management.
During the year 2011-12 the Bank had focussed attention to close
overdue inspection reports outstanding for more than 3 months
by rectification of major/other irregularities. As a result of impetus
taken by the Bank there was no Annual Financial Inspection
Report pending overdue as on March, 2012. The regular branch
inspection report is the most comprehensive feed-back to the
management about compliance of the Bank's systems and
procedure and guidelines at operational level.
One of the major achievements during the year 2011-12 was the
restoration of original rating of downgraded branches. From
December, 2011 to February, 2012 number of Unsatisfactory/
Downgraded branches has decreased due to regular follow up
with Disciplinary Authorities/Controlling Offices and branches to
expedite initiation of RDA and ensure restoration of original rating
of all the downgraded branches. Similarly, status of unsatisfactory
rated branches has been upgraded through fresh inspection within
an interval of 9 months.
7.7. Vigilance:
The Bank has shifted its focus towards preventive vigilance and
participatory vigilance from punitive vigilance. Extensive training
7.5. = ºr -rr-r|c|º·r:
·|+ -| ~||·||| +| ·|·||·|| +| ·|·||·-| |·|| ··|+ ··|··||| + |-|·
~{|-|| ~ ·| ·||-||·|··| .|·||-|| + ||||·| ·{|||| +| ·|·|·|| |+|| r
|·|·|+ ~|·|| |||·|--| ·|·| ·|· ·|÷÷ .|·||-|| + ·||·|·| ·| ·|||| +|
·||-||·|··| +·-|| |·|·|·| -||·|+ ·|||| ·|· ·||-| +|-| +·| r· ~ ·|
·||-||·|··| +| ·|¡« +·-| + ···| ·| ·||+| ~ ·| ·||·|| ~|·|||·| ·||||
+| ·||-||·|··| +| |·|··|||·| ·||·|-|| ·|||·|-| r ,·|+ ~|||·- ·|+
|||·|--| ·|· ·|· |-|·|| +| .||+|| +| ||:| +·-| + ···| ·| ·||·|
·||·||··| .|·||-|| ·| ·||-|| .||·| +· ·||-|| .|·||-|| +| ·|·-| ·|-|||| r
·|+ ~ ·| ~||÷· +·|-| + ···| ·| ·|· ··||··|||| +| |·|| ·||·||-|-|
+ ·|· ·|· ~ ·| +| ·|||· «·| ·| ·|·||-|-| + |-|· ·|·||·|| +||·||-|+
·| ~|·|+||·|| +| ·|·| + |-|·||·| +·-| + ·||· ·| ||||· +· ·r| r
·|+ -| 31.03.2011 +| || ··|+ ·|| ·||·|| +| ·|, ·|·||·| ·|· .|||·|||
|r| +| ·||-| ·| ··|| r· ·|·-| ·|·|··| ~|+ |·|+|··|,·|·|-| ··|·
|·+··+·|-| ·÷ |·|+|··| ,···· ~|+ ,|÷||(·||,~|···|·~|,) +
·||·| ·|·|··÷ +·|||| r ·|·+|,·|| ~|·||-||·| 2002 +| ·||·| 20(1)
+ ~·||-| +-|| ·|·|··| |-||·| 2011 + ~·||-| ··|| ·|·|··| + ·|·|·| ·|
+-|| ·|·+|· -| ·||+||-|+ .|·||| ·| ·|·|··| +| ~-|·||| .|·|-| +|
|·|·| 31.03.2012 |+ ·|·| +·-|| ·|| |·-||+ 31.03.2012 +| ||
··|+ ·|| |+ ·||·|| .|||·||| |r| ·| ·|·||·|| 1.17 -||·| |||··|| +|
·| + ~·| |+ ~{|-|| ÷ +· | +| r
7.6. |-rº|=rºr :
·|+ +| ~{|-|| -|·|| ·|·|-|| ·| |-|·|-|·| ||·||·| r ·|| .|·||-|| +| ·||-|-|
|+|| ·|| ·r| r || -|r|, ,·|+| ·||| +·|| r .|·|·| -|·||·|·|-||, ·||-||
.|·||-|| -| ·||·|·|-||, ·|| |·|·| ~|·|||·| ~| ||·+ -| ·||·|·|-||, ·|·|·|
-|·||·|·|-||, ·|·|||| -|·||·|·|-||, ~|||·+ |-|·|-|·| +·-| r| ·|+ +|
||·|| |-|·|-|·| ·| -|·||·|·|-|| -|||| ·||·|· r ·||·||| |··|| ·|+,
·||·| ·|·+|·, |-|··|+ ·|÷-| ·| |-|··|+ ·|÷-| +| -|·||·|·|-|| ·||·|||
,|·| |·· ·|· |··|||-|··| ·|r|· ·|||·|·| .|·|·|-| + |-|· ~|||·+ +·|-|
.|·||-|| +| |r··|| ·|-| ·|· r
|·| 2011-12 + ·|·|-| ·|+ -| .|·|·| / ~-| ~|-|||·||||~| +| ·|·||·
+· 3 ·||r ·| ·||·| -||·|| ~||·| +| |-|·|-|·| |··||· +| ·|· +·-|
+ |-|· ·||-| +|-| |+|| ·|+ ,|·| ·{||- .|||·| |+· ·||-| +
+-|·|¬ ·| ·|||, 2012 + ~-|·||· ·+ ·|| |||·|+ ||·||| |-|·|-|·| |··||·
-||·|| -|r| r {||·||-|-| + ·|· ·|· ·|+ +| .|·||-||, .||+|| |·||
|··|||-|··| + ~-|·||-|-| + ·|·|·| ·| |-|||·|| ·||·|| |-|·|-|·| |··||· +
·||·|·| ·| .|·|·|-| +| ||·|+ .|||·||-|| .|·|-| +| ·|||| r
|·| 2011-12 + ·|·|-| .|·|·| ·{|-||··||| ·| +||·|-|·-| ·||·||~| +|
·|-| ·|··| .||·| +·-|| ·r| |··|·|·, 2011 ·| +·|·|, 2012 + ·|·|-|
~-| ·||·||-|+ .|||·|+|·|/|-|| ~|+ +||| -||| ·| |-|||·|| ~-| || -| +
+-|·|¬ ·| ~·|||·|·|-|+/+||·|-|·-| ·||·||~| +| ·|·|| ·| +·|| ~|, r
·||·||~| +| |-|··| |·· ·|· |+ ~|·÷|· +| ·|r-| +| ·||· |·|| ·|·||
+| |·|-|·-| ·||·||· ·| -| · |··| |+· ·| r||·|-| +· ,·|| .|+|· ~·| || ·|·|-|+
+| ·|··|||-|| ·||·||~| +| 9 ·||r + ~|·|-| ·|· |-|·|-|·| +· ·-|+|
· |··| +| + || +· |·|| ·||| r
7.7. ªr·r+ ·rr :
·|+ -| ·÷|·|+ ·||+|| + ··||-| ·|· |-|||·+ ·||+|| |·|| ·||·||·|·|
·||+|| +| ~|· ~{|-|| ·||-| +|-| |+|| r ·|·|| ·|·| ·|· +·||||·||
'
programme had been organized for imparting training of
employees at all level.
A separate 'Investigation Cell' has been carved out to ensure
timely and effective follow up of vigilance complaints. A Fraud
Risk Management Department was also created to monitor and
maintain the centralised data of fraud. Policies regarding field
functionaries have been updated and sensitized to regulatory
requirements and guidelines issued with a view to improve
compliance.
Some of the Preventive Vigilance Measures undertaken during
the year 2011-12 include:
v All withdrawals of money should be informed to the
customers, if possible, through SMS without delay.
v Every large amount of withdrawal should be verified with
supporting documents. Cheque should be examined with
UV & IR rays.
v If post withdrawal balance is negligible, cheque should be
scrutinized.
v No blank cheque should be handed over by the customer
to any unknown person.
7.8.Compliance:
The Bank has emphasised on compliance issues as mandated
by RBI. The Bank had ensured the level of customer service,
functions and rules of deposit, advance, KYC/AML, other services,
prompt submission of statutory/regulatory reports, information
and data asked by RBI, GOI, etc. through a strict compliance
system. During the year 2011-12 the Compliance Policy was
revised, reviewed and the same was adopted by Board of
Directors in its meeting held on 11.5.2011. The revised
Compliance Policy incorporating necessary changes to prevent
deviations from standard norms was circularised to all sections
of the Bank thereafter. Compliance testing of operations at
branches was introduced during the year 2011-12 to render
deficiencies observed and rectified them on the spot to improve
operational efficiency. Critical issues were reported and discussed
at the appropriate level to enhance efficacy of the system.
7.9. Legal Matters:
The Bank had delivered legal advice on various matters referred
to it by all sections of stakeholders. The Bank had focussed on
the expeditious disposal of such matters for enhancing the
efficiency of operational tiers. To ensure this, a continuous
Monitoring System was in place. The Bank had extended its legal
service to cater to the need of recovery issues, personal and
industrial disputes filed by different sources, premises matters,
legal audits, documentations, tribunal requirements, Ombudsman
compliance, etc. Empanelment of good lawyers was done
successfully to set and maintain benchmark for legal issues.
+| .||·|-|·| .|·|-| +·-| + r| ||·|+ .||·|-|·| +||+·| ~||||·|| |+·
·|·
~-|·| ·| ·+ ·|-|·||-| +-| +| ··||·|-|| +| ·|, r |·|·|·| |+ ·||+||
|·|+|||| ·|· ·|·|| ·| |·|| .|·|||| ~-|||| +|·||, +| ·|| ·|+ +·|·
·|||·|·| .|·|·|-| ||·||·| +| ·|·|-| |+|| ·||| r |·|·|·| +·|· ·| ·|·||·||
·|·|| ~|+· +-|+| ·||-||·|··| |·|| ··|··||| |+|| ·|| ·|+ ·||·||~|
·| +|| +·-|||-| ··|+ ·|··|| ·| ·|·||·|| -|||||| +| ~|·|| +· |·||
·||| r |·|| ·-r |-|||·|+-~||·|+||~| + ·||· ·| ·||-|+|·| ·| ·|, r
·| ~-|·||-|-| ·| ·|·||· + ····| ·| |··|||-|··| ·|| ·||·| |+· ·|· r
|·| 2011-12 + ·|·|-| ~{|-||· ·|· |-|||·+ ·||+|| ·{|||| ·| ·| +·
|-|·-||-||·|| r :-
v ||· ·|·|| r|, ·||r+| +| |·|-|| ·· |+· ·|-| + ·|·|| ~|r··| +|
·||-|+|·| ··|··|··| ,|·| ·| ·||·
v ·|·| ·||·| + ·|·|| ~|r··| +| ·|·|·|+ ··|||·| + ·||·|·| ·|
·||||·|| |+|| ·||· |+ +| ·||| ·r¸ ·r| {·r ¤r; ¤rº |+··|| ·|
+| ·||·
v ||· ~|r··| + ·|·||| ·|·| ·||·| -|-| r| || |+ +| ·|||-|| +|
·||·
v +|, ·|| ·||r+ |+·|| ·|| ~-|·||-| ||- +| ~{|-| |+ +| ·||-||
·|--|| -| ·
7.8. ¤-r ·rr-r-r:
·|+ ·||·||| |··|| ·|+ ,|·| |-|·|||·| ~-|·||-|-| + ·|· ·|· ||·|·| ·||-|
· ·r| r ·+ +·| ~-|·||-|-| .|·||-|| + ·||·|·| ·| ·||r+ ·|||, ·|·||,
~|·|·|, +|||·||/···|·-| ·|·|·|| +|| ·| |-||·| |·|| ·||·||| |··|| ·|+
·| ·||·| ·|·+|· ~||· ,|·| ~{||-|| ·|||||·|+ /|-|||·|+ |··||·, ·||-||
·| ~|+· +| ||·| .|·||| +| ·|+ ·||-||·|| +· ·|+| r |·| 2011-
12 + ·|·|-| ~-|·||-|-| -|||| +| ·|·||-|| +| ·|, ·| ··| ·|·|||·|| |+||
·||| |·|| |·-||+ 11.05.2011 +| ·|+ ·| |-|··|+ ·|÷-| -| ··|
·||+|· +· |-||| ··|+ ·|·||| ·|·|||·|| ~-|·||-|-| -|||| ·| ~||·|+
·||·||-|| +| ·|||·|-| +·| r·, |·|·|·| ·||-|+ ·||-|·÷ ·| |||-|-| -| r|,
··| ·|+ + ·|·|| +|||-||| +| ·||·|||-|| |+|| ·||| |·| 2011-12 +
·|·|-| ·||·||-|-| ·-||| ·| ·|·||· -||-| r| ·||, ·|, +|·||| +| ··|| ··||-|
·|· ·· +·-| + |-|· ~-|·||-|-| ·||| +| +|| |+|| ·||| -||·|+ ·|·| +|
|··||· +| ·|, ~|· .|·||-|| ·| ·|·||· +·-| r| ··| ·|· ·{||- ·|· ·|·
||||· ||·|·| ·|| |+|| ·|||
7.9. |·r|·r+ -rr-r-r :
·|+ -| ·|·|| |r|·||·+| ,|·| .||·|| |||·|--| ·||·|-|| ·|· |||·|+ ·|·|·|·|
|·|| r {||·||-|-| ||··|| +| ·-||| ·| ·|·||· -||-| r| ·|+ -| ··|
·||·|-|| + ||·| |-|·|·|-| ·|· ·||-| +|-| |+|| ,·| ·||-||·|| +·-| +
|-|· -|·||||· ·||-||·|··| .|·||-|| .||-|-| ·| r ·|+ -| |·|-|| + ·||·|-| ,
|||·|--| ·|||| ·| ·||· +||·|+ ·| ~|·||·|+ ||||·, ·||··|· + ·||·|-| ,
|||·|+ -| ·||·|·|-||, ··||| ·||+··|, · |,·| -|-| +| ~·| -||, -|| +·||-| ~-| ·||-|-|
·| ·|·||·|| ·||·|-|| ·|· ~{|-|| |||·|+ ·|||· .|·|-| +| |||·|+ ·||·|-| ·|
·+ ·|· ·|-||· ··|-| + |-|· ~· |+|-|| +| ,·|-|-| +·-| +| +||
·|+-|||·||+ |+|| ·|||
!
8. HUMAN RESOURCES MANAGEMENT:
Manpower
The total staff strength of the Bank as on 31st March, 2012 stood
at 23,259 including 112 employees serving overseas, 15 of which
are expatriate officers. The total domestic staff strength of 23,147
comprises of 9059 Officers, 9171 Clerks and 4917 Subordinate
staff.
The percentage of Scheduled castes (4716) and Scheduled Tribes
(1179) in the total domestic staff strength is 25.46. Besides there
are 1309 OBC employees in service of the Bank at the end of FY
11-12 and 1148 employees belong to Minority Communities. Out
of the total work force 14.33per cent constitutes women
employees compared to 13per cent in 2011.
During the year 2011-12 initiatives were taken by the bank for
development of SCs, STs, OBCs, Persons with Disabilities, Ex-
Servicemen and Women; and pre-promotion/recruitment trainings
were imparted to SC/ST candidates as per Government of India
directives.
Recruitment
A total number of 768 Officers have been recruited during the
year 2011-12 which includes 102 SCs, 51 STs and 216 OBCs.
243 of these Officers are Women, 11 are Persons with Disabilities
and 46 belong to Minority Communities. 867 Clerks have also
been recruited during the Year 11-12 which include 134 SCs, 117
STs, and 242 OBCs, 52 Ex-Servicemen, 43 Persons with
Disabilities and 42 Persons belong to Minority Communities.
Moreover the Bank has also initiated the process of recruitment
for 1000 Clerks and 1100 probationary Officers during the year
2012-13.
Promotions
During the year, 8 Executives were promoted to Top Executive
Grade Scale VII. 41 Executives were promoted from Scale-V to
Top Executive Grade Scale-VI and 114 Executives were promoted
from Scale-IV to Scale-V. Besides, 130 Officers were promoted
to Scale-IV, 574 to Scale-III and 1040 to Scale- II. In addition,
under specialist category, 2 Officers were promoted from Scale-
IV to Scale-V, 3 Officers were promoted from Scale-III to Scale-
IV, 12 Officers to Scale-III and 3 Officers to Scale- II.
Further, during the period, 8 Sub-ordinate Staff got promoted to
Clerical Cadre under Graduate channel and process for other 2
channels for promotion to Clerical Cadre is in progress.
Staff Welfare Measures
During Financial Year 2011-12, the Bank has implemented the
following Staff Welfare Measures:
MODIFICATIONS/CHANGES IN THE EXISTING SCHEMES:
1) UCO Diamond Jubilee Prize Scheme - This scheme
has also been extended to the meritorious wards of
permanent subordinate staff members (including PT
Sweepers in scale wages) in recognition of their merits
for securing higher marks in 12th Standard &
Graduation level (10 prizes- i.e. 5 each for 12th
Standard & Graduation).
8. -rr-r·r ªr ªrr·r-r ir·r ·r-r
»r-rºr|+
31 ·|||, 2012 +| ||·|·| +| ·|+ +| +-| ··|+ ·|·|| 23,259 ·||
·-|·| ·| 112 ··|+ ·|··| ||··| ·| +|| +-| ·r r ·| |·|·|·| 15
·|··| -||·-|||-| ~|·|+|·| r ··| ·| +|·| +·-|||-| +-| 23147 ··|+
·|··|| ·| ·| 9059 ~|·|+|·|, 9171 |-||·|+ ·| 4917 ~·||-|··| ··|+
r
··| ·| +|·| +·-|||-| +-| ··|+ ·|··|| ·| ~-|·|||| ·|||| (4716) ·|
~-|·|||| ·|-|·|||| (1179) +| .|||·|| 25.46 r ,·|+ ~|||·- |·|
11-12 + ~| |+ 1309 ~|·||·|| +·|||·| ·|+ +| ·||| ·| r ·| 1148
~-·| ·|·|+ |·| + r +-| ··|+ ·|··|| ·| ·| ·||r-|| ··|+ ·|··||
+| per cent |·|·-| |·| 2011 + 13 .|||·|| +| |-|-|| ·| ,·| |·|
14.33 .|||·|| r
|·| 2011-12 + ·|·|-| ·|+ ,|·| ~·||, ~·|·||, ~|·|·||, |-|··|- ||-,
·||·|| ·||-|+ ·| ·||r-|| +·||||·|| + ||+|·| r| +, ·|r-| |+· ·|·
|·|| ·||·| ·|·+|· + |-|··| + ~-|·|··| ·| ·|·|--||| ·|| /·||| ·||
.||·|-|·| .|·|-| |+· ·|·
-r·ri
|·| 2011-12 + ·|·|-| +-| 768 ~|·|+||·|| +| ·||| +| ·|, |·|·|·|
102 ~·||, 51 ~·|·||, 216 ~|·|·|| + ·| ,-|·| ·| 243 ·||r-||
~|·|+|·|, 11 |-|··|- ||- ·| 46 ~-·| ·|·|+ |·| + ·| ,·|| |·|
867 |-||·|+| +| ·||| +| ·|, |·|·|·| 134 ~·||, 117 ~·|·||, 242
~|·|·||, 52 ·||·|| ·||-|+, 43 |-|··|- ||- ·| 42 ||- ~-·| ·|·|+
|·| + r ,·|+ ~|||·- ·|+ -| |·| 2012-13 + ·|·|-| 1000 |-||·|+
|·|| 1100 {||·||-||·||-| ~|·|+||·|| +| ·||| .||+|| .||··| +· ·| r
{r<r--r|·r·rr
|·| + ·|·|-| 8 +||·||-|+ ·| +||·||-|+ ·|÷ ||-|·||-|- VII ·|, 41
+||·||-|+ ||-|·||-| V ·| ·| +||·||-|+ ·|÷ ||-|·||-| VI ·| ·| 114
+||·||-|+ ||-|·||-| IV ·| ||-|·||-| V ·| ·|·|--|| |+· ·|· ,·|+
~|||·- 130 ~|·|+|·| ||-|·||-| III ·| ||-|·||-| IV ·| , 574 ||-|·||-|
III ·| ·| 1040 ||-|·||-| II ·| ·|·|--|| |+· ·|· ,·|+ ~|||·-
||·|·|-| ·|·|| + ~|·|| 2 ~|·|+|·| ||-|·||-| IV ·| ||-|·||-| V ·|, 3
~|·|+|·| ||-|·||-| III ·| ||-|·||-| IV ·|, 12 ~|·|+|·| ||-|·||-| III ·|
·| 3 ~|·|+|·| ||-|·||-| II ·| {|·|--|| |+· ·|·
,·|+ ~|||·- ,·|| ~||·| ·| 8 ~·||-|··| +·|||·| ·-|||+ |-|-| +
~|·|| |-||·|+ ·||·| ·| ·|·|--|| |+· ·|· ,·|+ ·||·| r| |-||·|+ ·||·|
·| ·|·|--||| + 2 |-|-| +| .||+|| |-| ·r| r
+-r-rrº| +-·rrºr ={rr·r
||·||| |·| 2011-12 + ·|·|-| ·|+ -| |-|·-||-||·|| +·|||·| +-||·|
·{|||| +| +|||-||-| |+| ·|||
·r·r -rr-r ·rr »r-rr -r ªr ºrr ·r-r/{r|º·r·r -r :
1) ªÉÚ EòÉä ½Ò®Eò VɪÉÆ iÉÒ {ÉÖ ®ºEòÉ® ªÉÉä VÉxÉÉ –ºlÉɪÉÒ +vÉÒxɺlÉ º]É¡ò
·|··|| (||-|·||-| ·|·|··| ·|· ~·|+||-|+ ·|+|, +·|||·|
·||r|) + ·|·|||| ·|||-|| +| 12 || +-|| |·|| ·-|||+ ·|·
·|· ·| ~+ .||·| +·-| ·|· ·-|+| ||·||| + ·||-|||-
·|¬ ·| ,·| || ·|-|| ·| ·|||·|-| |+|| ·||| r (10 {|··+|·
~·||| 12 || +-|| |·|| ·-|||+ + |-|· 5-5 {|··+|·)
!
2) Reimbursement of cost of spectacles to the
employees in the age group of 40 years and above
- Increase in amount from `500.00 to `1000.00.
3) Educational assistance to the school/college going
dependent son/daughter of the deceased
employees where no compassionate appointment
has been offered - Financial assistance of ` 5000.00
p.a. has been extended till completion of the Course
of the children.
4) Financial assistance of ` 5000.00 to the mentally
retarded child/ ` 3000/- to physically challenged
child of the employee and one time assistance for
purchase of certain artificial aid/accessories - In
respect of the scheme of financial assistance for
physically challenged & mentally retarded children of
employees, the age bar has been extended from 21
year to 25 years in cases of mentally retarded children
of the employees.
5) Group Mediclaim Insurance Scheme for in-service
employees and their dependents with M/s United
India Insurance Co. Ltd. - Renewed with
enhancement in sum assured from ` 1.50 lac to ` 2.00
lac which has further been enhanced from ` 2.00 lac
to ` 5.00 lac with effect from 31.03.2012 valid up
31.10.2012.
6) Renewal of Group Mediclaim Insurance Scheme
for retired employees and their spouse with M/s
United India Insurance Co. Ltd. - Enhancement in
sum assured from ` 1 lac to ` 2 lac - which is effective
from 31.03.2012 and valid upto 30.03.2013.
NEW SCHEMES
1) Payment of funeral expenses to the family of retired
employees from the staff welfare fund - Scheme for
payment of funeral expenses has also been extended to
fami l y members (spouse/son/daughter) of reti red
employees in the event of death of the retired employee up
to a maximum amount of ` 5000.00 (one time).
2) Bank has decided to initiate a Holiday Home at Shirdi
(Maharasthra).
3) Blood Donation & Preliminary Health Check-up camps have
been organised at Zonal Office levels during the foundation
week of the bank beginning with 6th January - Maximum
permissible expenses were limited to `10000.00 for each
Zone.
Industrial Relations
During the period, the Industrial Relations climate in the Bank
remained healthy and cordial between the Management and the
Unions/ Associations. IR meetings and discussions were held
with Unions / Associations at periodic intervals sharing co-
operative attitude and mutual respect during the financial year
2011-12.
2) 40 ·r·r {·r =ªrªr =·rº + +-r -rr|º·rr + |-r{ -rº-r +|
-rr·r·r +| ir|·r·r¸ |·r – ·||·| `500.00 +| ·|«|+· `1000.00
+·-||
3) »rrr ¤-r + ·rr + ¤r·rrº ·rº |-r·r |+ -rr| <| ·r; r ·r ªr -r ·r+
Eò¨ÉÇ SÉÉÊ®ªÉÉå Eä ò ºEÚ ò±É/+r -r »r -r ·r«-r ·rr-r ¤|r>r·r ·r >r/{r >r| +r
ºr =r|ºr+ ªrrr·r·rr - ` 5000.00 .||| |·| +| ||·||| ·|r||||
·|«|, ·|·||·| r|-| |+ .|·|-| +| ·||··||
4) Eò¨ÉÇ SÉÉ®Ò Eä ò ¨ÉÉxÉʺÉEò = ·r ºÉä VÉc¤ÉÖ Êr ´ÉɱÉä ¤ÉSSÉä EòÉä
`5000.00 / ºrrº||º+ = ·r ªr |-rºr+ ·r--r +r ` 3000.00
+| |·r-r|·r ªrrr·r·rr ·r·rr + o + |>r-r ªrr·r-r / ={r+ººr +|
=rº|< r ·r {+·rrº·r| ªrrr·r·rr – +·||||·|| + ·||·||·+
¬ ·| ·| |-|··|- |·|| ·||-||·|+ ¬ ·| ·| ·|··||; ||-| ·|| +|
||·||| ·|r|||| ||-|| ||·|-|| + ·|·|·| ·| ~|| ·||·|| +|
·||-||·|+ ¬ ·| ·| ·|··||; ||-| ·|| + ·||·|-| ·| 21 |·| ·|
·|«|+· 25 |·| +· |·|| ·||| r
5) ªr ·rrº·r +-r -rr|º·rr {·r =-r+ ¤|r>r·rr + |-r{ -r . ·r -rr;c =
; |=·rr ; º·r¸ º ªr + . |-r. + ªrr·r ªr-r¸ r -r =|+-r -r ·r|-rr ·rr »r-rr
- ·||·||+| ·||·| +| ` 1.50 -||·| ·| ·|«|+· ` 2.00 -||·|
|+|| ·||| |·|·| 31.03.2012 +| ·|-|· ·|«|+· ` 5.00 -||·|
+· |·|| ·||| ·|| 31.10.2012 |+ | ·| r
6) ªr ·rr|-r·r -r +-r -rr|º·rr ·r·rr =-r+ »r|·r-rªrr·r| (ª·rr=»r) +
|-r{ -r. ·r -rr;c = ; |=·rr ; º·rr º ªr + . |-r. + ªrr·r ªr-r¸ r
-r |=+-r -r ·r|-rr ·rr »r-rr +r -r·r|+ººr – ·||·||+| ·||·| +|
`1.00 -rr=r ·| ·|«|+· ` 2.00 -rr=r +·-|| |·|| |r
31.03.2012 ·| .|·|||| ·| 30.03.2013 |+ | ·| ·r ·||
-r; ·rr »r-rr{
1) +·|||·| +-||·| |-||·| ·| ·||||-||·| +·||||·|| + ·||·||· +|
~||·| ·|·+|· + || +| ·|·|||-| – ·||||-||·| +·||||·|| +|
·|| +| ··|| ·| ~|·|+|·| ` 5000.00 (·+·||··||) |+ ·||||-||·|
+·||||·|| + ·||·||· + ·|··|| ({|||-{|-||/{|~|/{|~||) +| ~||·|
·|·+|· + || + |r| ·||·| + ·|·|||-| +| ||·|-||
2) ·|+ -| |·|·÷| (·|r|·|··) ·| ·+ ~|+|·|-·|r ·||-|-| +| |-|·||
|+|| r
3) 6 ·|-||·| ·| ·|¬ r· ·|+ + ··||·|-|| ·|·||r + ·|·|-| ~|-|
+|||-|| ·|· ·|· ·-–·|-| |·|| .||·||·|+ ·||··| ·|| | |·|||·
-|·||· ·|· - ,·|+ |-|· .|| + ~ |-| +| ~|·|+|·|
`10000.00 |+ || +·-| +| ~-| ·||| .|·|-| +| ·|,
¤r cr |·r+ ªr ·r ·r
·|·||-||·||-| ~||·| + ·|·|-| .|·|·|-| |·|| ||-||-||/··|||·||·|-|| + ·|||
~|·||·|+ ·|·|·| +| ·||·|·| ·|··| ·| ·||r|··|·| ·|-|| ·r| ||·||| |·|
2011-12 + ·|·|-| ~|||·|+ ~|·|-| ·|· ||-||-|| / ··|||·||·|-|| + ·||·|
~|·||·|+ ·|·|·| r| ·|+ ·|-||, ·|, |·|| ||||·-||·|·| |+· ·|· |·|·|·|
·+-··|· + .||| ·|r||·||·|+ ··| ~·|-|||| ·||| |·|| ~|···||| .|·|·||
|+|| ·|||
!
Training
During the year 2011-12, a total number of 8,160 participants
comprising of Officers, Clerks and Sub-staff were trained in the
Banks' Central Staff College and five Regional Training Centres
through a total of 18 channels.
Over and above this, 243 Officers were nominated for specialized
training in Credit, IT, Risk management, Forex, and Leadership
programmes to Institutes such as NIBM, IIBM, IDBRT, BIRD,
CAB, NIRD, and FEDAI. 7 Executives attended overseas training
programmes.
9.COMPLIANCE OF OFFICIAL LANGUAGE POLICY:
The Bank has taken proactive steps to implement the Official
Language Policy of Govt. of India and has meticulously taken
steps to comply with the provisions of Official Languages Act
and the Rules made thereunder. The Bank has also taken
appropriate follow-up action to implement the directives as
contained in the Annual programme with regard to the use of
Official Language Hindi issued by Government of India, Ministry
of Home Affairs, Dept. of Official Language and also endeavoured
to achieve various targets prescribed in the said programme.
Bank has also given preferred attention to comply with the
instructions of Financial Services Department, Ministry of Finance
and Reserve Bank of India regarding the use of Hindi in official
work.
Eighty six Hindi Workshops, including workshops for Chief
Officers/ Senior Officers were organised by the Bank for the
Officers and employees to motivate them to do their work in Hindi.
Total 1711 Officers / employees were trained through these Hindi
Workshops. 472 branches were inspected by Official Language
Officers posted at different Zonal Offices, 10 Zonal Offices and 5
depts. of Head Office were also inspected by Official Language
Officers posted at Head Office during the period under review to
evaluate the performance in the area of implementation of Official
Language Policy of Govt. of India and necessary remedial
measures were also taken to remove the deficiencies observed
in such inspections.
The Bank successfully organised various competitions, rendered
editorial assistance to other Public Sector Banks & Financial
Institutions in conducting 'HINDI UNICODE WORKSHOP' & 'Hindi
workshop' under the auspices of different TOLICs. During the
period under review Zonal Office, Lucknow and Zonal Office,
Dharamshala were awarded 1st Prize /Shield and 2nd Prize,
respectively by TOLIC Lucknow and Dharmashala. In addition,
Members of staff of our Bank working at H.O., Kolkata won 10
prizes, Lucknow 6 prizes, Ranchi 2 prizes, Jaipur 2 prizes, Raipur
1 prize, Bhagalpur 1 prize, Ahmedabad 2 prizes, Nagpur 2 prizes,
Chennai 1prize, respectively at various competitions organized
on the occasion of "HINDI DIWAS" under the aegis of different
TOLICs.
"Hindi Month", "Hindi Fortnight", "Hindi Week" were celebrated
enthusiastically at Head Office as well as Zonal Offices, Central
Staff College, Regional Training Centres and Branches. During "
ir|ºr=rºr
|·| 2011-12 + ·|·|-| 8160 .|||·|||·||| +|, |·|-|·| ~|·|+|·|, |-||·|+
·| ~·||-|··| ·||·| + +·|||·| ·|||·|-| ·| , ·|+ + ·|·-| ··|+ +|-|·|
·| ·||| -|~||| .||·|-|·| +-| ·| +-| 18 |-|-|| + ·||·|·| ·| .||·||-||
|+|| ·|||
,·|+ ~|||·- ·-|~|,·||··|, ~|, ~|, ·||··|, ~|, ÷|·||~|··|, ·|÷, +·|,
·-|~|, ~|·÷| |·|| + ÷|, ·| ·| ·| ··||-|| ·| ~·|, ·| |-|| .|| ·| |·|+|, ·|| |·|·|
.|·|·|-|, ||··|| ·|-| |·|| -||| ·|·|·|| ||·|·||+| .||·|-|·| +||+·|| +
|-|· 243 ~|·|+||·|| +| -|||·|| |+|| ·||| 7 +||·||-|+| -| ||··|| ·|
~||||·|| .||·|-|·| +||+·|| ·| ·||·| |-|||
9. ºr»r-rr·rr -r||·r +r ¤-r ·rr-r-r :
·|+ -| ·||·| ·|·+|· +| ·|·|·||·|| -|||| + +|||-||-| + |-|· ·||+|
+··| ·|· |·|| ,·|+ ~·||-| ·|-||· ·|· ·|·|·||·|| ~|·||-||·| ·| |-||·|
+ ··|·|·|| + ~-|·||-|-||·| ·||-|·||+ +|·||, +| ·|+ -| ·||·| ·|·+|·,
·|r ·|~||-||, ·|·|·||·|| ||·||·| ,|·| ·||·| |+· ·|· ·|·|·||·|| |r·| +
.|||·| ·|·|·|| |||·|+ +||+·| ·| |·|||-||r| |-|··|| +| +||||-|| +·-|
r| ·|·|||| ~-|||| +|·||, +| |·|| ·- +||+·| ·| |-|·|||·| |||·|--|
-|-|| +| .||·| +·-| + |-|· ·|··|· +||·|·| ·|| +| ·|+ -| +|||-|||-|
+|| ·| |r·| + .|||·| ·| ·|·||·|| ||·||| ·|||· ||·||·|, ||·| ·|~||-|| |·||
·||·||| |··|| ·|+ + ~-|··| + ~-|·||-|-| ·|· ·|| ||·|·| ·||-| |·||
·|+ ,|·| ~|·|+||·|| ·| +·||||·|| + |-|· |·||·|| |r·| +||·||-||·,
|·|-|·| ·|·| .|·|·|+| /||·· .|·|·|+| + |-|· +||·||-||· ·|||·|-| r ,
~||||·|| +| ·|, |||+ | |r·| ·| ~·|-|| +|| +·-| r| .||·|||r| r|
·|+ ,-| |r·| +||·||-||~| + ·||·|·| ·| +-| 1711 ~|·|+||·||/
+·||||·|| +| .||·||-|| |+|| ·||| ·|·||-||·||-| ~||·| + ·|·|-| ·||·|
·|·+|· +| ·|·|·||·|| -|||| + +|||-||-| + -|~| ·| +|||-|··||·-| +|
·| -|| |+| +·-| r | |||·|--| ~ |-| +||| -||| ·| ·|···| ·|·|·||·|| ~|·|+||·||
,|·| 472 ·||·||·, .|·||-| +|||-|| ·| ·|···| ·|·|·||·|| ~|·|+||·|| ,|·|
10 ~|-| +|||-||| ·| .|·||-| +|||-|| + 5 ||·||·|| + |-|·|-|·| |+·
·|· |·|| ··| |-|·|-|·| ·| ·||, ·|, +|·||| +| ·· +·-| r| ~||·|+
|-|||·+ ··||| ·|| |+· ·|·
·|+ -| |||·|--| -|·|· ·|·|·||·|| +|||-||-| ·||·||||| + ||||·||-| ·| +,
.||||||·|||· ·|+-|||·||+ ~||||·|| +|, ~-| ·|·+|·| -|~| + ·|+| ·|
||·||| ·|··||~| +| ·|| '|r·| ||-|+|÷ +||·||-||' ·| ‘|r·| +||·||-||
~||||·|| +·-| ·| ·|·· +| ·|·||-||·||-| ~||·| + ·|·|-| ~|-| +|||-||,
-|·|-|+ |·|| ~|-| +|||-||, ·|·|·||-|| +| -|·|· ·|·|·||·|| +|||-||-|
·||·|||, -|·|-|+ ·| ·|·|·||-|| ,|·| +·|·|: .|·|·| ·|··+|·/·||-÷ ~|·
|,||| ·|··+|· .|·|-| |+· ·|· ,·|+ ~|||·-, |||·|--| -|·|· ·|·|·||·||
+|||-||-| ·||·||||| + ·|||-|·| ·| |r·| |·|·| + ~|·|· ·|· ~||||·||
+, .||||||·|||~| ·| r·||· ·|+ + .|·||-| +|||-|| ·| +||·| ··|+-
·|··|| -| 10 {|··+|·, -|·|-|+ ·| +||·| ··|+-·|··|| -| 6, ·||| ~|·
·||·|· ·| +||·| ··|+-·|··|| -| +·|·|: 2-2, ·||·|· ·| ·||·|-|·|· ·|
+||·| ··|+-·|··|| -| +·|·|: 1-1, ~r·|·|·||· ·| -||·|·|· ·| +||·|
··|+-·|··|| -| +·|·|: 2-2 ·| |·| ·| +||·| ··|+-·|··|| -| 1
{|··+|· ·|||
.|·||-| +||| -|| |·|| ~ |-| +||| -|||, ·| · -| ··| + +| -| ·|, -| ~||| .||·|-|·|
+-| ~|· ·||·||~| ·| “|r·| ·||r”, “|r·| ·|·|||·|” ·| “|r·| ·|·||r”
··||r·| | + ·|-||· ·|· .|·||-| +||| -|| ·| “|r·| ·||r” + ·| ·|-| +|| ·||-|+| /
!!
Hindi Month " at Head Office, Hindi Competitions and various
Official Language awareness programmes for the Executives/
Officers, Clerks and Sub-Staffs were organised.
During the period under review Our Bank successfully hosted
the meetings of Official Language Implementation Committee of
Financial Services Dept., Ministry of Finance (for Public Sector
Banks and Financial Institutions) and Public Sector Banks under
the auspices of Reserve Bank of India in Kolkata on 16th July,
2011. In view of the requirement to accelerate the pace of
implementation of Official Language Policy of Govt. of India, All
India UCO Bank Official Language Officers' Conference was
organised in Mumbai on 29th and 30th December, 2011.
Various forms / publicity materials / procedural booklets viz. report
of Annual General meeting of Shareholders, Manual of
Instructions and Minutes of various Board Committees were
prepared in bilingual form. Hindi text of the materials for our Bank's
Website was also prepared and in ATM Screen of the Bank
information /guidelines, as the case may be, were made available
in trilingual form i.e. in Regional Language, Hindi and English.
Sufficient amount was allocated by the Bank for the purchase of
classic literary Hindi books, dictionaries, technical glossaries,
Hindi books on computer/banking etc. and famous literary books
in regional languages written by renowned litterateurs.
10.FUTURE PLANS:
The year 2012-13 shall be the year of Retail Banking in both
asset and liability category for the Bank. However, the Bank shall
continue to focus on Recovery. The Bank shall be aiming at
crossing two major milestones such as total business of more
than three lac crore rupees and branch network of more than
2500 by March, 2013. The Bank shall also be focusing on more
leveraging technologies to make the Bank more user friendly by
working through business reengineering processes.
III. BOARD OF DIRECTORS:
11. CORPORATE GOVERNANCE:
The Bank firmly believes in and has consistently practiced good
corporate governance which is woven around its core values of
transparency, professionalism and accountability. By constantly
focussing on these aspects in its day-to-day operations, the Bank
strives to enhance shareholders' value. The Bank being
committed to the principles of good governance, its Board of
Directors has formed various committees of the Board to monitor
every aspect of Bank's business.
The systems and busi ness processes of the Bank are
continuously reviewed at various levels for identifying and
strengthening areas of weaknesses, if any. The Directors of the
Bank believe that good governance is the key to earning trust,
loyalty and goodwill of clients, business associates, employees
and investors and respect from the society at large.
Changes in the Board of Directors
On being appointed by the Government of India, Shri S.
Chandrasekharan took over as the Executive Director of the Bank
w.e.f. 01.10.2011. Shri S. K. Sinha served as the Government
~|·|+||·||, |-||·|+ ·||·| ·| ~·||-|··| ·||·| + +·||||·|| + |-|·
|r·| .||||||·|||· |·|| ·|·|·||·|||| ·||·|¬ +|| +||+·| ~||||·|| |+·
·|·
·|·||-||·||-| ~||·| + ·|·|-| r·||· ·|+ -| +|-|+||| ·| |·-||+ 16 ·|-||,,
2011 +| ||·||| ·|||· ||·||·|, ||·| ·| ~||-|| (·|·+|·| -|~| + ·|+| ~|·
||·||| ·|··||~| + |-|·) |·|| ·||·||| |··|| ·|+ + ||||·||-| ·|
·|·+|·| -|~| + ·|+| +| ·|·|·||·|| +|||-||-| ·||·||| +| ·|+| +|
·| ·|·||-|| ·|+-|||·| | + +| ·||·| ·|·+|· +| ·|·|·||·|| -|||| + +||| -||-|
+| ·||| +| |·| +·-| +| ~·|-|| +| ·||-| ·| ··|| r· |·-||+ 29 ·|
30 |··|·|·, 2011 +| ·|·|, ·| ~|·|-| ·||·||| |+| ·|+ ·|·|·||·||
~|·|+|·| ·|··|-|-| ~||||·|| |+|| ·|||
+, +|·| / .|||· ·||·|·|| / .||+||·|+ ·||·|+|· |·|| ·||··||·+| +
|||·|+ ·||·||-| ~|·||·|-| +| |··||· , ~-|··| ·||·|+|· |·|| |||·|--| ·||÷
·||·||||| +| ·|+| + +|||·| |,·|||·|+ ¬ ·| ·| |||· |+· ·|· r·||·
·|+ +| |·|·||,· +| ·||·|·|| + |r·| ·|| ·|| |||· |+· ·|· |·|| ·|+ +
··|··| ·+|-| ·| ·||-|| / |··|||-|··|, ·|·|| ·|| |··||| r| , ~|·|||·|+ ¬·| ·|
~·||| -|~||| ·||·||, |r·| ~|· ~·|·|| ·| ··|-|··| +·|· ·|· ·|+ ,|·|
|r·| +| ·|·|| ·|||r| +| ·|·|+| , ·|··+|·||, |+-||+| ·|··|||-||| ,
+·|··/·||+·| ~||· ·| ·|·||·|| |r·| ·|·|+| |·|| .||·|; ·|||r|+|·|
,|·| -|~||| ·||·||~| ·| |-||·|| ||·||| ·|||r||+ ·|·|+| +| ·|·|· +
|-|· ·|||·| ·||·| ~|·||·| +| ·|,
10. -rr·r| ·rr »r-rr{ :
|·| 2012-13 +| ·|+ -| ~||·| ·| ·|||· ·|-|| r| ·||·||| ·| |··-|
·||+·| |·| + ¬ ·| ·| |||r-|| |+|| r r|-|||+ ·|+ |·|-|| ·|· -|·||||·
·|-| ·|| ·r·|| ·|+ -| ·||| , 2013 |+ ||-| -||·| +·|· +| +-|
+|·|·||· ·||r| 2500 ·| ~|·|+ ·||·||--|·|+ + ·| ·|r|·|·| +|||·||-|
··|||·|| +·-| +| -|-| |-|·|||·| |+|| r ·|+ .||·||·|+| +| ·--||
+·-| +| ~|· ||·|·| ·|-| ··|| |||+ ||·||· ·|-|||-||·| .||+|| + ·||·|·|
·| +|| +·| r· |r .|||-|-|r|·|| ·|-| ·|+
III. |-r< ºr+ -r =-r :
11. +rº·rr º c ¤|-rºrrªr-r :
··|·| +|··||·· ~|·|·||·|-| ·|· ·|+ +| ~·· ||·||·| r |·|| |r -|·||||·
,·| ·|· ~·|-| +·|| ·r| r |r ·||··|·|||, {|·||· ·||-||·|+|| |·||
·||||·|| ·| + ~·|-| ~|·||··| | ·| -|| ·| ·| ·||| r ~·|-| · -| |·-| ·||·||-|-|
·|·|·|| ,-| ·|r-|~| ·|· |-|·|· ·|-| ·| r· ·|+ ·||··||·+| +| ·||-|||
+| ·|«|-| + |-|· ·|··|· .|||·| +· ·r| r ··|·| ~|·|·||·|-| + |·|;|||
+ .||| ·|+ + ||-||; r|-| + -||| ,·|+ |-|··|+ ·|÷-| -| ·|+-
+|·|·||· + .||+ ·|r-| ·|· |-|·|·|-|| ··|-| + |-|· |-|· ·|+ ·| ÷-| +|
||||·| ·||·||||| +| ·|-| |+|| r
+·|·||· -|~|| , ||· +|, r|, +| ·|r||-| +·-| ~|· ·-r ·|·|·|| +·-| r|
·|+ +| .|·||-||·|| ·| +|·|·||· ·|·|·|| .||+||~| +| -|·||||· ·|·||-||
|||·|--| ·|·| ·|· +| ·|||| r ·|+ + |-|··|+| +| |r ||·||·| r |+
··|·| ~|·|·||·|-| r| ·||r+| , +|·| ·||· ·|r|| |·||| , +·| |||·|| |·|| |-|| ·|+|
+| ~|··||, |-|·| ·| ·||··| |·|| ·|·|·||: ·|·||·| +| ·|··||-| ~|·||
+·-| +| +·|| r
|-r< ºr+ -r =-r -r ·r|º·r·r -r
·||·| ·|·+|· ,|·| |-||- |+· ·||-| + +-|·|¬ ·| ·|| ··|. |--·|·|·-|
-| |·-||+ 01/10/2011 + .|·||| ·| ·|+ + +||·||-|+ |-|··|+ + ¬·| ·|
+||·||· ·|r·| |+|| ·|| ··|.+. |·|-r| -| |·-||+ 10.06.2008 ·|
!"
Nominee Director in the Board from 10.06.2008 to 21.07.2011.
Thereafter, Dr. K. L. Prasad served as the Government Nominee
Director of the Bank from 22.07.2011 to 01.12.2011. With effect
from 02.12.2011, Shri Pravin Rawal has been appointed as
Government Nominee Director. Shri Manoj Kumar Gupta was
appointed as Chartered Accountant Director on 02.08.2011.
Shri Ajai Kumar relinquished the charge of Executive Director of
the Bank on 30.09.2011on his appointment as Chairman &
Managing Director of Corporation Bank. Md. Akhruzzaman who
joined the Board on 14.7.2010, resigned as Director of the Bank
on 18.05.2011. Another Director Shri Jai Dev Gupta resigned from
the Board on 13.06.2011. Shri Sanjeev Jain, on completion of his
tenure ceased to be a Director from 02.03.2012.
Meetings of the Board of Directors
During the financial year 2011-12, the Bank had 15 meetings of
the Board of Directors, 21 meetings of the Management
Committee of the Board, 11 meetings of the Audit Committee of
the Board. The number of meetings of various other Committees
of the Board held during the year 2011-12 are given below.
|·-||+ 21/07/2011 |+ ·||÷ ·| ·||·| ·|·+|· + -|||·||| + ¬·| ·| +||
|+|| |··|·||, ÷|. +.·-|. .|·||· -| |·-||+ 22/07/2011 ·| |·-||+
01/12/2011 |+ ·|+ + ·|·+|·| -|||·||| |-|··|+ + ¬ ·| ·| +||
|+|| ·|| .|||·| ·||-| +| ·|·+|·| -|||·||| |-|··|+ + ¬ ·| ·| |-||-
|+|| ·||| r ·|| ·|-||·| +·||· ·|·|| |·-||+ 02/08/2011 +| ·|-|·|
-| ·||+|· |-|· ·|+ + ¬ ·| ·| |-|| - |+· ·|·
+|·||··|-| ·|+ + ~·|-| ·| .|·|·| |-|··|+ + ¬ ·| ·| |-||- r|-| ·|·
·|| ~·|| +·||· -| |·-||+ 30/09/2011 +| ·|+ + +||·||-|+ |-|··|+
+| ·|· ||·| |·|| ·|| . ~·|···|·|| , |·|-r|-| |·-||+ 14/07/2010 +|
·||÷ ·| +||·||· ·|r·| |+|| ·||, |·-||+ 18/05/2011 +| ·|+ + |-|··|+
+| ·|· ||·| |·|| ·+ ~|· |-|··|+ ·|| ·||·| ·|·|| -| |·-||+ 13/06/
2011 +| ·||÷ ·| ||·|·|~| · |·|| ~·|-|| ·||| ~||·| ·|·| +·-| + ·||·
·|| ·|·||| ·|-| |·-||+ 02/03/2012 ·| |-|··|+ -|r| ·r
|-r< ºr+ -r =-r +| ·r a+
||·||| |·| 2011-12 + ·|·|-| ·|+ + |-|··|+ ·|÷-| +| 15, |-|··|+
·|÷-| +| .|·|·| ·||·||| +| 21 ~|· |-|··|+ ·|÷-| +| -|·||·|·|-|| ·||·|||
+| 11 ·|+| +| ~|||·|-| |+|| ·||| |·| 2011-12 + ·|·|-| |-|··|+
·| ÷-| +| ~-| |||·|--| ·||·||||| ,|·| ~||| |·|| ·| +| +| ·| ·|| |-|·-||-||·||
r :
+-r ªr. ªr|-r|·r +r -rr-r ¤r·rr |»r·r ·r a+r +| ªr =·rr
Sl No. Name of the Committee No. of Meetings held
1. ·|| |·|·| .|·| ·| ·||·|||
Risk Management Committee 4
2. ·||··||·+ |·|+||| |-|||··| ·||·|||
Shareholders' Grievance Redressal Committee 2
3. ·||· ~|··| ·||·|||
Share Transfer Committee 12
4. ·|·| ·||·| +| +·|·| ·|· |-|·|·|-|| ··|-| r| ||·|·| ·||·|||
Special Committee for Monitoring Large-value Frauds 4
5. |-|··|+ ·|÷-| +| ·||r+ ·||| ·||·|||
Customer Service Committee of the Board 4
6. ·|+ +| ·||-|| ·|·||·|-| ·|·|·|| ·|·| +| ·||·|||
Committee on HR-related issuesof the Bank 5
7. |-|··|+ ·|÷-| +| -||·||+-| ·||·|||
Nomination Committee of the Board 2
8. |-|··|+ ·|÷-| +| ·|||··||·|+ ·||·|||
Remuneration Committee of the Board 1
9. |-|··|+ ·|÷-| +| ·| ..|| . .|·| ·|-| ·||·|||
Committee of the Board on IT Management 1
Statement of Directors' Responsibilities
The Directors confirm that in the preparation of the annual
accounts for the year ended March 31, 2012 -
The applicable accounting standards have been followed along
with proper explanation relating to material departures, if any.
The accounting policies framed in accordance with the guidelines
of Reserve Bank of India, were consistently applied.
|-r< ºr+r + =-rº|<r·r··r +r |·r·rººr :
|-|··|+·|·| |r ·||·· +·| r |+ 31 ·||| , 2012 +| ·|·||·| |·| +
|||·|+ -|·| ·| –
||+||-|+ |||-|-| ·|, ||· +|, r|, ·|·||·|| ··||- ··|··|+··| ·||r|
.|||·| -|·||-.|·||-|| ·||-|+ +| .|||·| |+|| ·||| r
·||·||| |··|| ·|+ + |··|||-|··| + ~-|·||· ·|-||, ·|, -|·|| -|||||| +|
·+¬ ·||| ·| -||·| |+|| ·||| r
!#
(Arun Kaul)
Chairman & Managing Director
(~··| +|-|)
~·|-| ·| .|·|·| |-|··|+
|·-||+ : 5 ·|, , 2012
··||-| : +|-|+|||
Dated: 05
th
May, 2012
Place: Kolkata
·||| ~|· |||+·|··|| |-|·|| ~|· .||++-|-| |+· ·|· |||+ ||·||| |·|
+ ~| ·| ·|+ + +|| +| |··||| |·|| |·-||+ 31 ·|||, 2012 +| ·|·||·|
|·| ·| ·|+ + -||·| +| ·||| ~|· ·|r| ·|| ··|· ·|+
·||·| + ·|+| +| ·|||·|| +·-|||-|| .|||·| |||·||| + ··|·|·|| +
~-|·||· ·|||·| -|·|| ~|·|-|·| + ··|-··||| +| ~|· ·|·|||| ·| ·|||·|
·||-| |·|| ·|||; ~|· -|·| ·||| ~|·||· ·|· |||· |+· ·|· r
¤r-rrº
|-|··|+ ·|÷-| ·||÷ + ||||·-||·|·| + ·|·|| ~·|-|| ||·|·|-| ·-| r|
|-|||·||-| +||·||-|+ |-|··|+ ·|| ~·|| +·||· |·|| |-|||·||-| |-|··|+|
-||·||: ·||. ~·|···|·||, ÷|. +.·-|. .|·||·, ·|| ·||·| ·|·||, ·|| ··|.+.
|·|-r| ~|· ·|| ·|·||| ·|-| +| ·||·-·||· .|·|·|| +·|| r
·||÷ -|· |-|··|+| +| ·||·|| +·|| r |·|| ·|+ +| ·|||; ·| ·-|+
·|r·|-| ·|÷||| +| .|||·|| +·|| r |-|··|+·|·| ·||·| ·|·+|·, ·||·|||
|··|| ·|+ |·|| ~-| |-|||·|+ .|||·|+··|| + .||| ·-|+ ·|·|·|-| ~|·
·|r·|-| ·||·|··|-| + |-|· +|-| r
|-|··| ·|÷-| ~-| ||·||| ·|··||~| |·|| ·|·|+| ·|+| +| ·-|+ ·|··|·
·|r||·| + |-|· ·|-|||· -|||·|| +·|| r |-|··|+·|·| |-|·|||-| ·||r+|
+ ·|| ~|·||·| r |·|-r|-| ·|+ ·|· ~|··|| ··|| ~|· ··| -|·||||· ·|·-|·|
|·|| ·|| ÷ ·| + +| ··| + | |-||-|| / ··|| |·|··|-|| |·|| ·| + + ·| |··||·+|
+ ·|·|·|-| + |-|· ·-r ·|| ·|-|||· -|||·|| +·|| r |-|··|+·|·| ·|+ +
.||+ +·|||·| +| ·|·||·|| ·|||-|| +| r||·+ ·|·|r-|| +·| r |·|·|+|
|·|r ·| ·|+ +, +|||·||-| ··|||·|| +· ·|+|
|-|··|+ ·|÷-| + |-|· ~| · ··|+| ~| · ·| ,
Reasonable and prudent judgements and estimates were made
so as to give a true and fair view of the state of affairs of the Bank
at the end of the financial year and of the profit of the Bank for
the year ended March 31, 2012.
Proper and sufficient care was taken for the maintenance of
adequate accounting records in accordance with the provisions
of applicable laws governing banks in India; and the accounts
have been prepared on an on-going basis.
Acknowledgements
The Board of Directors places on record its deep appreciation of
the contributions made to the deliberations of the Board by
outgoing Executive Director, Shri Ajai Kumar and other outgoing
Directors namely, Md. Akhruzzaman, Dr. K. L. Prasad, Shri Jai
Dev Gupta, Shri S. K. Sinha and Shri Sanjeev Jain.
The Board would like to welcome the new Directors and looks
forward to their valuable inputs towards growth of the Bank. The
Directors remain thankful to the Government of India, Reserve
Bank of India and other regulatory authorities for their support
and valuable guidance.
The Board also thanks other Financial Institutions and
correspondent banks for their sincere co-operation. The Directors
express their gratitude to the loyal customers for their trust and
continuous patronage of the Bank. The Board also thanks the
Staff Unions/Associations and shareholders of the Bank for the
support extended by them. The Directors place on record their
deep appreciation of the dedication shown by each employee of
the Bank due to which the Bank could achieve so many
milestones.
For and on behalf of Board of Directors,
36
REPORT ON CORPORATE GOVERNANCE
1. Corporate Governance Philosophy of the Bank :
UCO Bank’s Corporate Governance Philosophy is to maintain
high standards of ethical practices in conduct of its business.
The Bank’s Corporate Governance policies are woven around
the core values of transparency and professionalism. The Bank
constantly endeavors to ensure implementation of best practices
aimed at enhancing the corporate governance that optimize the
value of all its stakeholders and the society, at large.
2. Board of Directors
The constitution of the Board of Directors is governed by the
provisions of the Banking Regulation Act 1949, Banking
Companies (Acquisition & Transfer of Undertakings) Act 1970,
Nationalised Banks (Management & Misc. Provisions) Scheme
1970 and The Banking Companies (Acquisition & Transfer) &
Financial Institutions Laws (Amendment) Act 2006. The
requirements of Corporate Governance as envisaged in the Listing
Agreement with the Stock Exchanges are to be read along with
these statutes.
The Directors are experienced and have requisite expertise in
the field of Banking, Finance, and Management so as to provide
appropriate directions and exercise effective control in the
functioning of the Bank.
2.1 The Chairman & Managing Director and two Executive
Directors are the whole time directors appointed by the Govt.
of India while the other Directors are appointed/nominated
under different sections of 9(3) (a) to 9(3) (h) of the Banking
Companies (Acquisition and Transfer of Undertakings) Act
1970 (hereinafter referred as Act).
Besides, under Section 9(3) (i) of the same Act, the
shareholders of the Bank are entitled to elect three directors
(other than the Central Government) from among
themselves.
+rº·rr º c ¤|-rºrrªr-r ªr ªr·r|·r·r |º·rrc
1. ·r+ +r +rº·rr º c ¤|-rºrrªr-r <ºr-r
·| +| ·| + +| +|··|| · ·ü ~|·|·||·|-| ··| -| ··|+ +|·| ·| |-||r·| ·|
··|·|·| -| |·|+ ·| -·|| +| ·|-||· ··|-|| r : ·| + +| +|·|| · ~|·|·||·|-|
-||||·|| ·||··|·||| ·| ·|||·|||·|+|| + ·|r|·| ·| ·| -·|| ·|· + |-| r
·| + ~|-| ·|·|| |r|·||·+| ¸| ·|·||·| +| ~|·|+|·| ·|r| · -| r |
+|··|| · · ~|·|·||·|-| +| ~| · ~|·|+ ·| ·| ; +·-| + |-|· ~·|-| ·||| ·|·|
·|;|| + +|·|| -|·|-| +| ·| |-||··|| +·-| + ·||| -|·||||· ·|·||·|·| r :
2. |-r<ºr+ -r=-r
|-|· ·|+ ·| ÷-| +| ·|-| ·| ++|·| |||-|·|·|-| ~|·||-|·|·| 1949, ·| ++|·|
+ ·|-|| ,··|+·|| +| ~·| -| ~| · ~ ·|·|) ~|·||-|·|·| 1970, ·|· |·|+ ·| ·| +
,·|·| ·| ~| · ||||·| ··|·| ·|) ·|| ·|-|| 1970 ·|·|| ·| ++|·| + ·|-|| ,~·| -| ~| ·
~ ·|·|) ~| · ||·||·| ·| ··|| |||·| ,·| ·|| ·|-|) ~|·||-|·|·| 2006 + ··|·| ·||
;|·| ·|||·|·| r| ·|| r : +|··|| · · ~|·|·||·|-| ·| ·| ·|| ~||··|+·||~| +| ,·| ·||
|+ ·| + ¸+·|| ·|| + ·||·| ·| ||+·| +·|· ·| |··|| ·|·|| r , ,-|
·| |||·|·|| + ·||·| ·|«| ·||¸:
·| + + |-|· ·|+ ~-| ·||| r ·|·|| ·-r ·| + +| ··|·| · |··|| ·|·|-| +·-|
¸| ·| + +| +|·| ·|||-|| ·|· .|·|||| |-|·| ~|| ··|-| r ·| ·| |+·|, ||·| ~| ·
·|·| ·|-| ~||· + -| ~| ·| ~||··|+ ||·| ·|-|·|| r||·|-| r :
2.1 ~··|-| ¸| ·|·| ·| |-|· ·|+ ~| · ·| +|·| ·||-|+ |-|· ·|+ ·||··| ·|·+|·
;|·| |-|·| · ·| | +||-|+ |-|· ·|+ r ·|·||+ ~-·| |-|· ·|+| +|
·| ++|·| + ·|-|| ,··|+·|| +| ~·| -| ~| · ~ ·|·|) ~|·||-|·|·| 1970
+| ,|·|·| ,·|·| ,·|+ ·|·||·| ~|·||-|·|·| +r| ·|·|| r ) ·||·| 9( 3 )
,+) ·| 9(3) ,·|) ·|+ +| |||·|·| ·||·|~| + ~ ·|·| ·| |-|·| ·/
-||·|| |+·| |+·|| ·|·|| r :
,·|+ ~|·||··, ·· ~|·||-|·|·| +| ·||·| 9(3) ,÷|) + ~·||-| ·|
|-|· ·|+| +| |-||| |-| ·| ·|··||·+ ,+ -- ·|·+|· ·| |·|·|) ;|·| +·
·|+·| r :
37
+·| ·|. |-|· ·|+ +| -||·| ¸| ·|·-||·| ·| +| ·| + + |-|· ·|+ ·| ÷-| +| |·-|| + º..º.º +| |··||·|
|·|·| ·||·||·| ,|·|-| ·||·|·|·|| ) ·| + ~-| ·||· |-|· ·|+| ;|·|
·|···| r ·|||··| ·| +| ·| + + ·| ·|·
Sl. Name & Designation of Date of joining Membership in Board Holding of UCO
No. the Director the office Committee(s) of Bank shares by the
UCO Bank Directors as on 31.03.12
1) ·|| ~··| +|-| ·||··|·||,··|·||·||,
~··|-| ·| ~|···|·||·||,··|··|·-|||·+,·||··|~|·,
·| ·| ·| |-|· ·|+ ·||~|, ·| ·| ·+~|,
Shri Arun Kaul, CSC, MCB,
Chairman & RMCB,SMLVF, CHR,
Managing Director 01.09.2010 CIT&FI —
2) ·|| ·-|.~|·.·|-|-||·|·|·|-| ··||·||, ··|·|·||·||, ··|·||~|··||·||, ·||··|·||,
+|·|| ·||-|+ |-|· ·|+, ··|·||·||, ~|···|·||·||, ··|··|·-|||·+, ·||··|~|·,
·||~|, ·| ·| ·+~|,
Shri N.R. Badrinarayanan ACB,STCB,SGRCB,CSC,MCB,
Executive Director 01.09.2010 RMCB,SMLVF, CHR,CIT&FI —-
3) ·|| ··|. ·|--·| ·|·-| ··||·||, ··|·|·||·||, ··|·||~|··||·||, ·||··|·||,
+|·|| ·||-|+ |-|· ·|+, ··|·||·||, ~|···|·||·||, ··|··|·-|||·+, ·||··|~|·,
·||~|, ·| ·| ·+~|,
Shri S. Chandrasekharan 01.10.2011 ACB,STCB,SGRCB,CSC,MCB,
Executive Director RMCB, SMLVF, CHR,CIT&FI —-
4) ·|| ·| ||·| ·||-| ··||·||,·||··|·||,·-|·||·||,~|··||·||, ~|···|·||·||
·|·+|· + -|||·||| |-|· ·|+ ··|··|·-|||·+,·||··|~|·, ·||~|, ·| ·| ·+~|,
Shri Pravin Rawal ACB,CSC,NCB, RCB, RMCB,
Govt. Nominee Director 02.12.2011 SMLVF, CHR,CIT&FI ——
5) ·||·||| ··|| ·| +·
·||·||·| |··|| ·| + +| -|||·||| |-|· ·|+ ··||·||, ~|··||·||,··|·||·||
Smt. Uma Shankar 30.07.2010 ACB,RCB,MCB, ——
RBI Nominee Director
6) ·|| ·|-|| ·| + ·||· ·| ·|| ··||·||, ·-|·||·||, ··|·||·||, ~|···|·||·||,
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+ ··|··|·-|||·+
Shri Manoj Kumar Gupta ACB,NCB,MCB,RMCB,
Part time Non-Official Director 02.08.2011 SMLVF —-
7) ·|| ·|·| ~|||· ·|·|| , ··|·|·||·||,·||··|·||,·-|·||·||,··|·||·||,
+|·|·||· +·| ·||·| ~|···|·||·||, ·||··|~|·,
|-|· ·|+ ·||~|, ·| ·| ·+~|,
Shri Ram Avtar Sharma, STCB,CSC,NCB,MCB,
Workmen Employees’ RMCB, CHR, —-
Director 15.02.2010 CIT&FI
8) ·| | .·| ·|||···|-| -| +| ·| ·|| |··| ··||·||,··|·|·||·||, ··|·||~|··||·||,
·|·|··||·+ |-|··|+ ·||··|·||,·-|·||·||,~|··||·||,··|·||·||,·||··|~|·,
Prof. Sebastian Luckose Morris, ·||~|, ·| ·| ·+~|,
Shareholder Director 13.07.2010 ACB,STCB,SGRCB,CSC,
NCB,RCB,MCB,CHR,
CIT&FI 100
2.2.0 Composition of the Board of Directors as on
31.3.2012 :
The Board is constituted in accordance with the provisions
of Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970.
2.2.0 |<-rr+ 31.03.2012 +| |ª·r|·r + ¤-rªrrº |-r<ºr+ -r=-r +r
ªr·rc-r :
·| ++|·| + ·|-|| ,··|+·|| +| ~·| -| ~| · ~ ·|·|) ~|·||-|·|·| 1970
+ ··|·| ·|| + ~-| ·||· ·|| ÷ +| ·|-| |+·|| ·|·|| r
+|·| ·| r·| +·-| +| ||·|·|
38
ACB = Audit Committee of the Board, CHR = Committee on HR
related issues of the Bank, CSC = Customer Service Committee,
MCB = Management Committee of the Board, NCB = Nomination
Committee of the Board, RCB = Remuneration Committee of
the Board RMCB = Risk Management Committee of the Board,
SGRCB = Shareholders’ Grievance Redressal Committee of the
Board, STCB = Share Transfer Committee of the Board, SMLVF
= Special Committee of the Board for Monitoring Large Value
Frauds, CIT & FI =Committee on IT & Financial Inclusion.
+·|.·| |-|· ·|+ +| -||·| +|·| ·|r| +| |-|· ·|+ + ·|· ·-|+ +|·| +|-| +
·||·|·| +| ·|·|||··| +| ·| ·|-| ~|·|| |·|·| ·|| ÷
·||·|·| +| ·| +| +| ·|.
|·|-|·| ·||··|·| ·r /
·|| ~|·|| |·|·| r ,
Sl.No. Name of the Director Date of joining Date of No. of Board
cessation of meetings attended/
Directorship held during
his/her tenure.
1. ·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+
Shri Ajai Kumar
Executive Director 01.07.2009 30.09.2011 7/7
2. ·|| ·|·||· + ·||· |·|-r|
·|·+|· + -|||·||| |-|· ·|+
Shri Samir Kumar Sinha
Govt. Nominee Director 10.06.2008 22/07/2011 1/2
3. ·|| + .·-|.·| ·||·
·|·+|· + -|||·||| |-|· ·|+
Shri K.L. Prasad
Govt. Nominee Director 22.07.2011 02.12.2011 6/6
4. ·|| ·|·|· | ·| ·|
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+
Shri Jaidev Gupta
Part time Non-Official Director 04.07.2008 13.06.2011 1/2
5. ·|| ·| ·||| ·| -|
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+
Shri Sanjeev Jain
Part time Non-Official Director 03.03.2009 03.03.2012 14/14
6. ·|| . ~·|···|·||
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+
Md. Akhruzzaman
Part time Non-Official Director 14.07.2010 18.05.2011 1/2
2.2.1 Directors who retired/resigned during the year ended on
31.03.2012
¢ªr|·r| = |-|· ·|+ ·| ÷-| +| -| ·||·|·|-|| ·||·||·|, ªr|¢-r¤rº = ·| + +
·||-|| ·| ·||·|-| ·| ·| ·|| ·| ·| ·| ·| ·| |·|·| ·||·||·|, ªr|¢ªrªr| = ·||r+ ·| ||
·||·||·|, ¢-rªr|·r| = |-|· ·|+ ·| ÷-| +| ·|·| ·| ·||·||·|, ¢-rªr|·r| = |-|· ·|+
·| ÷-| +| -||·|| +-| ·||·||·|, ¤rºªr|·r| = |-|· ·|+ ·| ÷-| +| ·|||··||·|+
·||·||·|, ¤rº¢-rªr|·r| = |-|··|+ ·|÷-| +| ·|||·|·| ·|·|·|-| ·||·||·|,
¢ªr»r|¤rºªr|·r| = |-|· ·|+ ·| ÷-| +| ·| ·|··||·+ |·|+|·|·| |-|||·| ·||·||·|,
¢ªrc|ªr|·r| = |-|· ·|+ ·| ÷-| +| ·| ·|· ~ ·|·| ·||·||·|, ¢ªr¢-r¢-r·r|¢+
= ~|·|+ ·||·| + +·| +| |-|·|·|-|| r ·| |-|· ·|+ ·| ÷-| +| ||·| ·|
·||·||·|, ªr|¤r¡ c| )·r )+¤r¡ = ·| .·| | ·| ||·||·| ·|·||| ·|-| ·||·|||:
z.z.J º..º.º.º +| ·|·||··| |·| + ·| ·|-| ·| |||-|| ·| ; ·||·|·|~| |··
|-|· ·|+
39
2.2.2 The details of the attendance of each Director at the Board
Meetings held during the year, no. of other Board
Committees where he/she is a member or Chairperson
during the year and directorship of other companies/
corporations are furnished hereunder :
|-|· ·|+ +| -||·| ·|| ÷ +| ·||·||·|·|| +| ·| ., ~-·| + |-|| ~||· ,
|·|-|·| ·|···| r |·|-|·| |-|· ·|+ r
Name of Director No. of Meetings Member of Other directorship
Attended/Held (during the Board’s
period of their tenure) Committees (Number)
J;o btl m=ôg / Þreseot uemcers
>r| ¤=ºr +r -r
¤··r=r )·r ·r·r ·r |-r« ºr+
Shri Arun Kaul
Chairman & Managing Director 15/15 6 -
>r| )-r.¤rº.·rc|-rrºr·rºr-r
+r·r ·rr-r+ |-r« ºr+
Shri N.R. Badrinarayanan
Executive Director 15/15 9 -
>r| )ªr.-r-cºr =rº-r
+r·rr ·rr-r+ |-r« ºr+
Shri S. Chandrasekharan
Executive Director 8/8 9 -
·|| ·| ||·| ·||-|
·|·+|· + -|||·||| |-|· ·|+
Shri Pravin Rawal
Govt. Nominee Director 4/5 8 -
·||·||| ··|| ·| +·
·||·||·| |··|| +| -|||·||| |-|· ·|+
Smt. Uma Shankar
RBI Nominee Director 11/15 3 -
·|| ·|-|| ·| + ·||· ·| ·|
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+
Shri Manoj Kumar Gupta
Part time Non-Official Director 9/10 5 -
·|| ·|·| ~|||· ·|·|| ,
+|·|·||· +·| ·||·| |-|· ·|+
Shri Ram Avtar Sharma
Workmen Employees’, Director 14/15 7 -
·|| .·| ·|||···|-| -| +| ·| ·|| |··| ·| ·|·|| ·-|·||
·| ·|··||·+ |-|· ·|+ · | ·||·|·|-| + . ,·||, ·|·||~| ,
~|,|÷·|| · |-|+| ·| ·| ·· ~| +
·+·|-|·|
,~|, ~|, ·|·||~| , ,
Prof. Sebastian Luckose Morris, Gujarat Energy
Shareholder Director 10/15 9 Transmission CO (GETCO)
Idea Telecom Centre of
Excellence
(IITCOE)
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ~·|·|+ ·||·
+|·| ·||-|+ |-|· ·|+
Shri Ajai Kumar
Executive Director 7/7 9 -
+|·| +|-| + ·| ·|-|
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
º.º.º |·| + ·| ·|-| ~|·|| |·|| ·|| ÷ +| ·| +| ·| ·|·| + |-|· ·|+ +|
··||··|||, ~-·| ·|| ÷ ·||·|||·|| +| ·| ··|| |·|-|+ | |·| + ·| ·|-|
·|···| ·r ·|| ~··|-| ·r ·| · ·|| ~-·| + ·||-|·|| / |-|·|·|| + ··|| ·
-||·| |·· ·|· r |·|-|·| | |-|· ·|+ ·r r .
40
2.2.4 Brief profiles of new directors on the Board :
Shri S. Chandrasekharan, Executive Director:
Shri S. Chandrasekharan, 57 years, is the Executive Director of
the Bank with effect from 01.10.2011. Prior to the current
assignment, Shri S Chandrasekharan, was General Manager at
Indian Overseas Bank. He occupied several distinguished
positions in his career spanning around 35 years at Indian
Overseas Bank. Sri S Chandrasekharan has worked extensively
throughout the country and abroad with varied exposure to
corporate credit, international banking and human resource
management.
>r| ªr-r|º + -rrº |ªr-rr
ªrº+rº + -rr|-r·r| |-r« ºr+
Shri Samir Kumar Sinha,
Govt. Nominee Director 1/2 8 -
>r| =r·r« ·r ·r ··r
~ ·| +||-|+ ·| ··|·+|·| |-|· ·|+
Shri Jai Dev Gupta,
Part time Non-official Director 1/2 5 -
>r| ªr =r|·r =r -r ~|, -|| +·| -| ·|· |-|.
~ ·| +||-|+ ·| ··|·+|·| |-|· ·|+ ·| ~·|| + |·|r|· +-|·|
Shri Sanjeev Jain Inox Leisure Ltd &
Part time Non-official Director 14/14 7 Ashok Vihar Club
·|| . ~·|···|·||
~ ·| +||-|+ ·| · ·|·+|·| |-|· ·|+
Md. Akhruzzaman,
Part time Non-official Director 1/2 2
·|| + .·-|.·| ·||·
·|·+|· + -|||·||| |-|· ·|+
Shri K.L. Prasad
Govt. Nominee Director 6/7 8
|-|· ·|+ +| -||·| ·|| ÷ +| ·||·||·|·|| +| ·| ., ~-·| + |-|| ~||· ,
|·|-|·| ·|···| r |·|-|·| |-|· ·|+ r
Name of Director No. of Meetings Member of Other directorship
Attended/Held (during the Board’s
period of their tenure) Committees (Number)
+|·| +|-| + ·| ·|-|
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
2.2.3 Dates of Board Meetings
During the period of review, 15 Board Meetings were held on
following dates, as against minimum of 6 prescribed under Clause
12 of Nationalised Banks (Management & Miscellaneous
Provisions) Scheme 1970 and minimum of four meetings
stipulated in Clause 49 of Listing Agreement :
29.042011 06.07.2011 26.09.2011 11.11.2011 01.02.2012
17.05.2011 27.07.2011 17.10.2011 03.12.2011 01.03.2012
27.06.2011 05.09.2011 31.10.2011 06.01.2012 26.03.2012
z.z.º ·rr × +| ·r a+r +| ·rrº|=r
·|·||-||·||-| ~||·| + ·| ·|-| ·|·· |·|+ | ·| + ,·| ·| ·|-| ·| ||||·| ··|·| ·|,
·|| ·|-|| -. + ·| ÷ º + ~ |·| | |-|·|| |·| -·| -|·||·| ~ ·| + |·||
·| ·||+··| +·|· + ·| ÷ «- ·| |-|·|| |·| -·| -||·| « ·| +| +| | -|-|| ·|
|-|·-||-||·|| ||·|·|| +| ·|| ÷ +| : ·| + ~|·|| |·|| +| ·|, .
2.2.4|-r<ºr+ -r=-r + -r¢ |-r<ºr+r +r »r|·r-r·r-r :
>r| )ªr.-r-cºr =rº-r , +r·r ·rr-r+ |-r« ºr+ :
·|| ··|.·|--·| ·|·-| , ~|·| : |·| , |·-|| + ....º. ·| ·| + ·|
+|·| ·||-|+ |-|· ·|+ + -·| ·| +|·| ·| r || ·||-| ·|· ·|· ~|-| ·| ·|r-|
·|| ··|.·|--·| ·|·-| , , |÷·|-| ~| |··||·| ·| + ·| ·|r|·| ·| ·|+ ·| ·-r
,|÷·|-| ~||··||·| ·|+ ·| -|·|·|·| º: |·|| |+ |||·|·| ·|·|·| ·|·| ·|· +|·|
+·-| +| ~-| ·|| ·||·| r ·|| ··|.·|--·| ·|·-| +| ·| · · ·| ·| ·| ||· ·|
·| +|·|| · · + |÷·, ~ |··|·· |·| ·| |+·| ·| ·||-|| ·| ·||·|-| ·|·| ·| + ·||·|
r| |||·|·| -| ~|| ·| +|·| +| ||·| ·| ~-| ·|| ·r| r
41
Sri. Pravin Rawal, Director
Sri. Pravin Rawal, Director was appointed as Government
nominee Director on the Board of the Bank by the Government
of India on 02.12.2011. He was Master in Philosophy and a
member of Indian Revenue Service. He worked in various
capacities in Ministry of Finance, Government of India.
Sri. Manoj Kumar Gupta, Director
Sri. Manoj Kumar Gupta, Director has been nominated on the
Board of our Bank as part time director under Chartered
Accountant category. He is a Chartered Accountant and a Law
Graduate. He posses 18 years experience in the field of Audit,
taxation, Company Law etc.
3.0 Committees on the Board:
Pursuant to the instructions/guidelines/directives issued by the
Reserve Bank of India, Government of India, various committees
of directors have been constituted with the objectives of
streamlining the decision making process, effective monitoring
and follow up of various activities falling within the terms of
references of such committees. Particulars of the various standing
committees are as under:
3.1.0 Audit Committee of the Board (ACB):
As per directives of RBI, the Bank constituted the Audit Committee
of the Board with six directors as against minimum of three
directors stipulated in Clause 49 of the Listing Agreements entered
with Stock Exchanges. All the Directors in the committee are
financially literate and Shri Manoj Kumar Gupta, Chairman of
the Committee, is a senior fellow member of the Institute of
Chartered Accountants of India (ICAI).
3.1.1. Primary objectives:
It overseas, reviews and provides directions to the internal audit/
inspection function in the Bank in order to ensure and enhance
the effectiveness of the audit and inspection function as a strong
management tool. In respect of internal audit, the Audit Committee
of the Board reviews the internal inspection/audit function of the
Bank – the system, its quality and effectiveness in terms of the
objectives. As regards external audit, the committee reviews all
the issues raised in the Long Form Audit Report. Besides, it
interacts with the external auditors before finalization of reviewed/
audited accounts with special reference to change in accounting
policies, practices, qualification in the draft audit report and
compliance with the accounting standards. It also addresses all
issues/concerns raised in inspection report of RBI. The committee
also reviews the internal control system, the areas of house
keeping, reconciliation, fraud and other related matters.
·r| ·r·r|ºr ºr·r-r, |-r« ºr+ :
·|| ·|||·| ·||-|, |-|· ·|+ +| |·-|| + .º.º.º. +| ·||·| ·|·+|· +
-|||·||| |-|· ·|+ + -·| ·| ·| + + |-|· ·|+ ·| ÷-| ·| |-|·| +| |+·|| ·|·||
| ··| -| ·||·~| ·| ·-|||+| |· r ~| · ·||·||·| ·|·|·| ·| || + ·|···| ·|
·-r| -| ·||·| ·|·+|· + ||·| ·| ~||-|·| ·| |||·|·| ·|·| ·|· +|·| |+·||
>r| -r-rr =r + -rrº ·r ··r, |-r« ºr+ :
·|| ·|-|| ·| + ·||· ·| ·|, |-|· ·|+ ·|-|·| -| ·||+|· ·| ·|| + ~ |·| | r·||·
·| + + |-|· ·|+ ·| ÷-| ·| ~ ·|+||-|+ |-|· ·|+ + -·| ·| -|||·|| |+· ·|·
r | ·|-|·| -| ·||+|· ·| |||·| ·-|||+ r ·-r -| ·||·|·|-||, +·|·||-|,+ ·|-||
-|| ~||· + -| ~| ·| º |·|| +| ~-| ·|| r
3.0 |-r<ºr+ -r=-r +| ªr|-r|·r·rr :
·||··||·| |··|| ·| +, ·||··| ·|·+|· ;|·| ·||·| ~-| · ·|| ;·||·| ··|| |·|,| ·|| ;
|-|· ·|| + ~-| ·|·| ·| ·| + ·| |-|· ·|+ ·| ÷-| +| |||·|--| ·||·||·|·|| +|
·|-| |+·|| ·|·|| r |·|·|+| ·· ··| |-|| ·| ·||+·|| +| ·| ||· ~| · +|··|·
·|-||-||, ·||·||·|·|| + ||||·|·| ||·|·|| + ~ ·|·| ·| ~|-| ||-| |||·|--| +|·| +-||·||
+| ·|·|||| ·||-|||··| +·-|| ¸| ·-|·|· ~-| |·|| +|· ||, +·-|| r : |||·|--|
··||·|| ·||·||·|·|| + |||·| -||| ··|| ¸ ·|¸ r :
3.1.0 |-r<ºr+ -r=-r +| -r=rr ·rº|=rr ªr|-r|·r (¢ ªr| ·r|) :
·||··||·| |··|| ·| + + |-|· ·||-| ·||· r·||· ·| + -| |-|· ·|+ ·| ÷-| +|
-| ·||·|·|-|| ·||·||·| +| ·|-| |+·|| r |·|·|·| ·| + ¸+·|| ·|| + ·||·|
·| ·|| |·|·| ·| ||+·| +·|· + ·| ÷ 49 ·| |-|·|| |··| -·| -|·|·| ·||-| |-|· ·|+|
+| ·|·|r ·r |-|· ·|+ r : ·||·||·| + ·|·|| |-|· ·|+ ||·||·| ¬ ·| ·| |·||-|·|
r ~| · ·||·||·| + ~··|-| ·|| ·|-|| ·| + ·||· ·| ·|, ·||··||·| ·|-|·|
-| ·||+|· ·| ··||-| ,~|, ·||¸~|, ) + ||·· ~|·|·|···| r :
3.1.1. iii·il-i+ =c º·i ·
·|r ¸+ ·|·|· ·|·| ·|+|·| ·||··|| + ¬ ·| ·| -| ·||·|·|-|| ¸| |-|·|-|| +|
·|·||||·|| +| ·| |-||·|·| +·-| ~| · ·|«|-| r ·| ·| + +| ~| ·||·+ -| ·||·|·|-||;
|-|·|-|| +|·| +| ·|| -||, ·|·||-|| +··|| r ¸| |-|· ·| · ·|| r : ~| ·||·+
-| ·||·|·|-|| + ·| ·| ·| ·| |-|· ·|+ ·| ÷-| +| -| ·||·|·|-|| ·||·||·| ,-| ·· ··||
+ ~-| ·||· ·| + + ~| ·||·+ |-|·|-|| / -| ·||·|·|-|| ·| ·| ·|| +|·| ··|+|
·|||-||, ·| ||·|| ¸| ·|·||||·|| +| ·|·||-|| +··|| r : ·|r| ·|+ ·||r·|
-| ·|||·|-|| +| ·| ·| ·| r , ·||·||·| -|| ·| +|·| ~| |÷ |·|| ·| ·|¸ ·|¸
·|·|| ·| ·| +| ·|·||-|| +··|| r : ,·|+ ~|·||·· ·|r -| ·|||·|-|| |·|| +
·|·|| · ·| -| ·|| +-| -|||·|·|| , .|·||~| , ~ +·| ·| ·||, ~r ·||~| ·| ||·|·| -| ·|·||
-| ·|| +-| ·||-|+ + ~-| ||-|-| + ||·| ·| ·| ··| ·| ·|·||-||+ ·|;-| ·|||·||-|·|
-| ·|| +| ~ |·|·| ¬ | |·¸ ·||-| + | | ·||r ·| -| ·|||·|-|+| + ·||·| ||||·
||·|·| +··|| r : ·|r ·||··||·| |··|| ·| + +| |-|·|-|·| |·|| | ·| ·|¸ ·|¸
·|·|| ·| ·| ;·|·|··||~| + ·| ·| ·| ·| ·|| +|· ||, +··|| r : ·|r ·||·||·| ~| ·||·+
|-|·| ~|·| .|·||-||, ~| ·||·+ -| ·||+|·| , ·|·||·||-|, +| ¸| ~-·| ·| ·| |·|·|
||·|·|| +| ·|| ·|·||-|| +··|| r :
42
|-|· ·|+ +| -||·| ||·||
Name of Director Meetings Attended / Remarks
Held during the tenure
·i·i -ii-i ªi«ª·i;Present Members
·|| ·|-|| ·| + ·||· ·| ·| |·-|| + ....º.º ·| ·|···| ·| |·-|| +
|-|· ·|+ ·| ··||·|| ~··|-| .º..º.º.º ·| ·||·||| + ~··|-|
Shri Manoj Kumar Gupta
Director & Chairman of ACB 3/3 Member from 07.01.2012 and Chairman of the
committee from 03.03.2012
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ··||·|| + ····|
Shri N.R. Badrinarayanan
Executive Director & Member of ACB 11/11 -
·|| ··|. ·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ··||·|| + ····| ....º. ·| ·|···|
Shri S. Chandrasekharan
Executive Director & Member of ACB 5/5 Member from 01.10.2011
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ··||·|| + ····| .º.º.º.º ·| ·|···|
Shri Pravin Rawal
Director & Member of ACB 2/4 Member from 02.12.2012
·||·||| ··|| ·| +·
|-|· ·|+ ·| ··||·|| + ····|
Smt. Uma Shankar,
Director & Member of ACB 10/11 -
·|| .·| ·|||···|-| -| +| ·| ·|| |··|
|-|· ·|+ ·| ··||·|| + ····| .º..º.º.º ·| ·|···|
Shri Sebastian Luckose Morris
Director & Member of ACB 1/1 Member from 03.03.2012
·|| ·|·| ~|||· ·|·||
|-|· ·|+ ·| ··||·|| + ····| .~...º.º ·| ·|···| -|r| ·r
Shri Ram Avtar Sharma
Director and Member of ACB 10/10 Ceased to be member from 06.01.2012
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ·| ·||| ·| -|
|-|· ·|+ ·| ··||·|| ····| .º..º.º.º ·| ·|···| -|r| ·r
Shri Sanjeev Jain
Director & Chairman of ACB 10/10 Ceased to be member from 02.03.2012
·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+ ·| ··||·|| + ····| º...-.º. ·| ·|···| -|r| ·r
Shri Ajai Kumar
Executive Director & Member of ACB 5/5 Ceased to be member from 30.09.2011
·|| ··|.+ .|·|-r|
|-|· ·|+ ··||·|| + ····| º...º. ·| ·|···| -|r| ·r
Shri. S. K Sinha
Director & Member of ACB 1/2 Ceased to be member from 22/07/2011
·|| + .·-|.·| ·||·
|-|· ·|+ ··||·|| + ····| ºº...º. ·| .º.º.º. |+ ·|···| ·r
Shri K.L. Prasad
Director & Member of ACB 4/5 Member from 22.07.2011 to 02.12.2011
3.1.2 Composition of the ACB and number of meetings
attended by the members of ACB during the year 2011-12
3.1.2 ¢ ªr| ·r| +r ªr·rc-r ¤rº ·r·r zcJJ-Jz + «r ºr-r ¢ ªr| ·r| +
ªr<ª·r |»r-r ·r a+r -r =·r|ª·r·r ºr, =-r+| ªr=·rr
+|·| +|-| + ·| ·|-|
|·|-|·| ··||··||
·r /~|·|| |·|| ·| +
43
3.1.3 Dates on which ACB Meetings were held:
During the year under review, 11(eleven) meetings of the
Committee were held vis-a-vis minimum of four meetings in a
year, stipulated in Clause 49 of the Listing Agreement. The
meetings were held on following dates:
3.2.0 Management Committee of the Board (MCB) :
The Committee is constituted as per Provisions of Nationalised
Banks (Management & Miscellaneous Provision) Scheme 1970.
Its members are Chairman & Managing Director, Executive
Directors, Chartered Accountant Director and directors referred
to under clauses (b), (c) of sub-section (3) of Section 9 of Banking
companies (Acquisition & Transfer of Undertaking) Act 1970.,
and two Directors nominated by the Board from amongst the
Directors referred to Clauses (d), (e), (f), (h) and (i) of Section
9(3) of the Banking companies (Acquisition & Transfer of
Undertaking) Act 1970. The Directors nominated by the Board
shall hold office for not more than six months at a time. The
Chairman & Managing Director is the Chairman of MCB.
3.2.1 The objectives of the committee are to consider and
approve: -
i) high value credit/loan, compromise and write off proposals.
ii) high value proposals for capital and revenue expenditure
and those relating to acquisition and hiring of premises
including deviation from prescribed norms for acquisition/
hiring of premises.
iii) Proposal for high value investments in Govt. and other
approved securities including investment in shares/
debentures of companies as well as high value proposals
of underwriting, making donations and
iv) Any other matter of similar nature referred to it by the Board
from time to time.
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
·| +| ·| ·||··||·|;~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·i·i -ii-i ªi«ª·i;Present Members
·|| ~· ·| +| -|,
~··|-| ¸| .|·| ·| |-|· ·|+ ¸| ¸·|·||·|| + ~··|-|
Shri Arun Kaul
CMD & Chairman of MCB 20/20 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ··|·||·|| + ·|···|
Shri N.R. Badrinarayanan
ED & Member of MCB 20/20 -
3.2.2 Composition of the Management Committee (MCB) of
the Board and the number of meetings attended by
the members of MCB during the year 2011-12
3.1.3 ¢ªil·il +l ·i +i + »i·ii =i-i +l ·iiªl=i ·
·| ||+·| +|·| ·||· + ·| ÷ 4· ·| ·|·|||-|·|| |··|¸+ |·| ·| -·| -|·|·| ||·
·| +| + ··||-| ·|· ·|·||-||·||-| |·| + ·| ·|-| ·||·||·| +| ,··||·r, ·| +
~|·|| |·|·| +| ·|, : ·| + |-|·-||-||·|·| ·||·|·|| +| ~|·|| |·|·| +| ·|, ·
29.04.2011 27.07.2011 11.11.2011 29.02.2012
17.05.2011 21.09.2011 21.12.2011 13.03.2012
11.06.2011 31.10.2011 01.02.2012
29.04.2011 27.07.2011 11.11.2011 29.02.2012
17.05.2011 21.09.2011 21.12.2011 13.03.2012
11.06.2011 31.10.2011 01.02.2012
3.2.0 l-i« ºi+ -i =-i +l ii·i ·i ªil-il·i (¢-iªil·il) ·
·||·||·| +| ·|-| ·|· |·|+ ·| ·| + ,.|·| ·| ~| · ||||·| ·|·| ·|) ·|| ·|-|| ·¯¨
+ ·|·| ·|| + ~-| ·||· |+·|| ·|·|| r : ,·|+ ·|···| r ~··|-| ¸| .|·| ·|
|-|· ·|+, +|·| ||-|+ |-|· ·|+·|·|, ·|-|·| -| ·||+|· |-|· ·|+ ~| · ·| ++|·|
+ |-|| ,·|+·|| +| ~·| -| ~| · ~ ·|··|) ~|·||-|·|·|, ·¯¨ +| ·||·| · +|
·|·||·| ,¹) + ·| ÷ ,·|), ,·|) ·| |-||·· |-|· ·|+ ·|·|| ·| ++|·| + |-||
,·|+·|| +| ~·| -| ~| · ~ ·|··| ~|·||-|·|·|, ·¯¨ +| ·||·| · ,¹) +
·| ÷ ,·|), ,÷), ,|), ,·|) ¸| ,÷|) ·| |-||·· |-|· ·|+| ·| ·| |-|· ·|+
·| ÷-| ;|·| -|||·|·| ·| |-|· ·|+: |-|· ·|+ ·| ÷-| ;|·| -|||·|·| |-|· ·|+ ¸+
·||· ·| ·r ·|r|-| ·| ~|·|+ ·|·|·| ·|+ |· |· -|r| ·r ·| : ~··|-| ¸| .|·| ·|
|-|· ·|+ ¸·|·||·|| + ~··|-| r :
3.2.1 ªil-il·i +i =c º·i l-i--il-il=i·i ·iª l·i·iiª +ª-ii »i ª =-r
»-i -ii l«·i +ª-ii r ·
i) ~|·|+ ·||·| + ··||· ; ~ ·|, ·|·|÷|| ·|| ~| · ·|, ·||·| ÷|-|-| + .|··|||:
ii) | ·||·|·| ~| · ·|·|·| ·|·| r ·| ·|·|| ||··|· + ~|·|·|r·| ~| · |+·|¸ |·
-| -| ·| ·| ·| |·|·| ~|·|+ ·||·| + .|··|||, |·|·|·| ||··|· + ~|·|·|r·|;
|+·|¸ |· -| -| r ·| |-|·|| |··| ·||-|· ÷| ·| |||-|-| ·|| ·|||·|-| r :
iii) + ||-|·|| + ·| ·|·| ; |÷·| |·| ·| |-|| ·| ·||r·| ·|·+|·| ·|·|| ~-·|
~-| ·|| |··| .||·|·| |·|·|| ·| ~|·|+ ·||·| +| |-|| ·| +· -| + |-|¸ .|··|||
~| · r|·||·|·|, ·|-| · -| ·| ·| ·|| ~|·|+ ·||·| + .|··||| ¸|
iv) |-|· ·|+ ·| ÷-| ;|·| ·|·|·|·|·|·| |· ··|+ ||·| ·| ·| ·|¸ ,·|| .|+|· +
+| , ~-·| ·||·|-| :
3.2.2 ·ii = +l ii·i ·i ªil-il·i (¢-iªil·il) +i ªi ·ic-i )·r ·r·r zcJJ-Jz
+ «r ºr-r ·rr × +| ·r·r ·r ªr|-r|·r + ªr«ª·rr ørºr =·r|ª·r·r ·r a+r +|
ªr =·rr ·
44
3.2.3 During the period under review, 20 meetings of MCB were
held on following dates :
28.04.2011 09.08.2011 11.11.2011 18.01.2012
16.05.2011 06.09.2011 03.12.2011 02.02.2012
10.06.2011 26.09.2011 13.12.2011 13.02.2012
27.06.2011 17.10.2011 24.12.2011 01.03.2012
28.07.2011 31.10.2011 06.01.2012 13.03.2012
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ··|·||·|| + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
ED & Member of MCB 12/12 Member from 01.10.2011
·||·||| ··|| ·| +·
|-|· ·|+ ·| ··|·||·|| + ·|···|
Smt. Uma Shankar
Director & Member of MCB 14/20 -
·|| ·|-|| ·| + ·||· ·| ·|
|-|· ·|+ ·| ··|·||·|| + ·|···| .~..-.º. ·| ·|···|
Shri Manoj Kumar Gupta
Director & Member of MCB 12/14 Member from 06.09.2011
·|| ~|·.·.·|·||
|-|· ·|+ ·| ··|·||·|| + ·|···| ºº..º. ·| ·|···|
Shri R.A. Sharma
Director & Member of MCB 8/9 Member from 28.11.2011
·||.··|.·-|.·|||··| ....º.º ·| ·|···|
|-|· ·|+ ·| ··|·||·|| + ·|···|
Prof. S.L. Morris
Director & Member of MCB 5/5 Member from 07.01.2012
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+ ·| ··|·||·|| + ·|···| º...-.º. ·| |-|· ·|+ -|r| ·r
Shri Ajai Kumar
ED & Member of MCB 8/8 Ceased to be director from 30.09.2011
·|| ·| ·||| ·| -|
|-|· ·|+ ·| ··|·||·|| + ·|···| .º..º.º.º ·| |-|· ·|+ -|r| ·r
Shri Sanjeev Jain
Director & Member of MCB 19/19 Ceased to be director from 02.03.2012
·|| .~·|···|·||
|-|· ·|+ ·| ··|·||·|| + ·|···| º..:.º. ·| |-|· ·|+ -|r| ·r
Md. Akhruzzaman
Director & Member of MCB 1/2 Ceased to be director from 18.05.2011
·|| ·|·| · | ·| ·|
~ ·|+||-|+ ·| ··|·+|·| |-|· ·|+ º..~.º. ·| |-|· ·|+ -|r| ·r
Shri Jai Dev Gupta,
Part time Non-official Director 3/3 Ceased to be director from 13.06.2011
1z1ªi-il=ii·il-i »·il·i + «i ªi-i l-i--il-il=i·i ·iiªl=ii +i ¢-iªil·il
+l zu ·i a+ »i·ii l=i·i +l ·i¡ ·
45
3.3.0. Risk Management Committee of the Board (RMCB)
3.3.1. The Committee identifies, evaluates, monitors and guides
the Bank on various categories of risks to which the Bank’s
business is exposed and devices, based on periodical
review and monitoring, such strategies as would ensure
stability and efficiency of the National and International
business operations of the Bank. It also supervises and
monitors the functioning of Asset Liability Management
(ALM) System in the Bank.
3.3.2 The composition of RMCB and details of the meetings
held during the year 2011-12 and attendance are as
under :
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·|| ~··| +| -|
~··|-| ·| ·| ·| ·| |-|· ·|+ ·| ~|···|·||·|| + ~··|-|
Shri Arun Kaul
CMD & Chairman of RMCB 4/4 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ~|···|·||·|| + ·|···|
Shri N.R. Badrinarayanan
ED & Member of RMCB 4/4 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ~|···|·||·|| + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
ED & Member of RMCB 2/2 Member from 01.10.2011
·|| ·| ||·| ·||-|
~|···|·||·|| + ·|···| .º.º.º. ·| ·|···|
Shri Pravin Rawal
Member of RMCB 2/2 Member from 02.12.2011
·|| ~|·.·.·|·||
|-|· ·|+ ·| ~|···|·||·|| + ·|···|
Shri R.A. Sharma
Director & Member of RMCB 4/4
·|| ·|-|| ·| + ·||· ·| ·|
|-|· ·|+ ·| ~|···|·||·|| + ·|···| .º..º.º.º ·| ·|···|
Shri Manoj Kumar Gupta
Director & Member of RMCB - Member from 03.03.2012
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ·| ·||| ·| -|
|-|· ·|+ ·| ~|···|·||·|| + ·|···| .º..º.º.º ·| |-|· ·|+ -|r| ·r
Shri Sanjeev Jain
Director & Member of RMCB 4/4 Ceased to be Member from 03.03.2012
·|| ··|.+ .|·|-r|
|-|· ·|+ ·| ~|···|·||·|| + ····| ºº...º. ·| |-|· ·|+ -|r| ·r
Shri. S.K. Sinha
Director & Member of RMCB 1/1 Ceased to be Member from 22.07.2011
·|| + .·-|.·| ·||·
|-|· ·|+ ·| ~|···|·||·|| + ····| ºº...º. ·| .º.º.º. |+ ·|···| ·r
Sri. K.L.Prasad
Director & Member of RMCB 1/1 Member from 22.07.2011 to 02.12.2011
3.3.0. l-i« ºi+ -i =-i +l =ii l=i-i ii·i ·i ªil-il·i (»iª¢-iªil·il) ·
3.3.1. ·|r ·||·||·| ·| + + +|· | ·||· ·| ~|-| ||-|| |||·|--| .|+|· +| ·|| |·|·|| +|
|r||-|, ·| -·|| +-|, |-|·|·|-|| +··|| r ·|·|| ·| + +| ·| ·| |·|·| |··|||-|· ·|
· ·|| r ~| · ~|||·|+ ·|·||-|| ¸| |-|·|·|-|| + ~|·||· |· ¸ ·|| +|·|
-|||·|·|| ·|-||·|| r |·|·|·| ·| + + ·|· |·| ¸| ~ ·|··|· |·| +|· | ·||· +
||·||-|-| ·| ··|||·|·| ~| · ·-|·|| ·| |-||·|·| r| : ·|r ·| + ·| ~||··|
· ·|·|| .|·| ·| ,¸¸-|¸·|) .|·||-|| + |+·||+-||| +| |·| | -|·| ¸| |-|·|·|-||
·|| +··|| r :
3.3.2 »iª¢-iªil·il +i ªi ·ic-i ·i·ii ·r·r zcJJ-Jz + «r ºr-r ¤r·rr |=r·r
·ia+i »i ª =-i-i =·ilª·il·i +i l·i·iªºi l-i--ii-i ªiiª r ·
46
3.3.3 The meetings of RMCB were held on the following
dates :
3.4.0 Shareholders Grievances Redressal Committee
(SGRCB) :
3.4.1. The Committee was constituted under the Chairmanship
of the Non-executive Director for speedy redressal of
shareholder/investors’ complaints/grievances, like, non
receipt of refund orders, share certificate, dividend warrant
etc., with due care and to the satisfaction of the
complainants. All the complaints received during the year
were redressed.
3.4.2 The composition of the SGRCB as on 31
st
March, 2012
and details of the attendance of the members are as
under :
11.06.2011 26.09.2011 13.12.2011 01.03.2012
11.06.2011 26.09.2011 13.12.2011 01.03.2012
-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·i·i -ii-i ªi«ª·i;Present Members
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ¸·|·||~|··||·|| + ~··|-| .º..º.º.º ·| ·|···|
Prof. S.L. Morris,
Director & Chairman of SGRCB - Member from 03.03.2012
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ¸·|·||~|··||·|| + ·|···|
Shri N.R. Badrinarayanan
ED & Member of SGRCB 2/2 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ¸·|·||~|··||·|| + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
ED & Member of SGRCB 1/1 Member from 01.10.2011
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ·| ·||| ·| -|
|-|· ·|+ ·| ¸·|·||~|··||·|| + ·|···| .º..º.º.º ·| |-|· ·|+ -|r| ·r
Shri Sanjeev Jain
Director & Chairman of SGRCB 2/2 Ceased to be member from 03.03.2012
3.4.3 During the year two meetings of SGRCB were held
i.e. on 21.09.2011 and 02.02.2012.
3.5.0. Share Transfer Committee of the Board (STCB) :
3.5.1. The committee has been constituted to approve and effect
transfer/transmission/transposition etc. of Bank’s shares,
held in physical form, as also approval on the requests/
proposals for issuance of duplicate shares in lieu of
originals lost/misplaced/stolen. It is also ensured that all
such requests/proposals for transfer and transmission are
completed within the period stipulated from the date of
submission of the requests for transfer/transmission
complete on all respects.
3.3.3 ¤rº¢-rªr|·r| +| ·r a+ |-r--r|-r|=r·r ·rrº|=rr +r »i·ii l=i·i
+l ·i¡ : :: ::
3.4.0 ºr·rº·rrº+ |ºr+r·r·r |-r·rrººr ªr|-r|·r (¢ªr»r|¤rºªr|·r|)·
3.4.1. ·| ·|··||·+| ;|-|| ·|+| +| |·|+|·|·|| , ·|·||·|-| ||·|·|| ~|· ·|, ·| ·|·
·|·|||·|~|, -||·|| ·| ||· ~||· ·||··| -| r| -| + ·| ·| ·| ·| ·||·|
·|||·||-|| ··|·| r ¸ ·|·|| |·|+|·|·|+·|| +| ·| |· + ~-| ¬ ·|
|·|+|·|·| +| |-|||·| +·-| + |-|¸ ·| ·+|·| ·||-|+ |-|· ·|+ +|
~··|-|·|| ·| ,·| ·||·||·| +| ·|-| |+·|| ·|·||: |·| + ·| ·|-| ·||··|
·|·|| |·|+|·|·|| +| |-|||·| +· |··|| ·|·|| r :
3.4.2 |<-rr+ 11 -rr-r , zu1z +| |ª·r|·r + ¤-rªrrº ¢ªr»r|¤rºªr|·r|
+r ªr·rc-r ·r·rr =+ ªr|-r|·r +| ·ra+r -r ªr<ª·rr +| =·r|ª·r|·r
+r |·r·rººr |-r--rr-rªrrº r : :: ::
3.4.3 ·r·r + <rºr-r ¢ªr»r|¤rºªr|·r| +| <r ·ra+, |<-rr+ 21.09.2011
¢·r 02.02.2012 +r ¤r·rr|»r·r +| ·r;!
3.5.0. |-r<ºr+ -r=-r +| ºr·rº ¤·rººr ªr|-r|·r (¢ªrc|ªr|·r|) )) )) :
3.5.1. ·|r ·||·||·| ·| ·| ¬ | ·| ·|||··| ·| + + ·| ·|·| +| ~ ·|··|;.| ·|·|;
··||-|| ·|· ~||· ~-| ·|| |··| ¸| .|·|||| +·-| ·|·|| ·|| ·|¸ ;·| ·| r|
·|¸;|| ·| r| ·|¸ ·| -| ·| ·|· + ·|·-| ÷ |-|+ ·| ·|· ·||·| +·-| +
.|··|||;~-| ·| ·| +| ~-| ·|| ·-| +·-| + |-|¸ ·||·| +| ·|, r :
~ ·|··| ¸| .| ·|·| + |-|¸ ¸ ·| ·|·|| ~-| ·| ·|;.|··||| +| ~ ·|··|;
.| ·|·| + |-|¸ ~-| ·| ·| +| ·|··| |·| +| ·||·|·| ·| |-|·|| |··| ~||·| +
·||·|· ·| ·| |+·|| ·||-|| ·| |-||·|·| |+·|| ·||·|| r :
47
3.5.2 The composition of the STCB and details of the meetings
attended by its members during the period 2011-12 are
as under:
-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·i·i -ii-i ªi«ª·i/Þreseot uemcers
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ¸·|·|·||·|| + ·|···|
Shri N.R. Badrinarayanan
ED & Member of STCB 12/12 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ¸·|·|·||·|| + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
ED & Member of STCB 7/7 Member from 01.10.2011
·|| ~|·.·.·|·||
|-|· ·|+ ·| ¸·|·|·||·|| + ·|···| .º..º.º.º ·| ·|···|
Shri R.A. Sharma
ED & Member of STCB 1/1 Member from 03.03.2012
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ¸·|·|·||·|| + ·|···|
Shri S.L. Morris
Director & Member of STCB 8/12 -
·r¸ ·r ªr«ª·r / PAST MEMBERS
·|| ~·|·| + ·||· ~..º.º.·| ··|·|·||·|| + ~··|-| ·|
+|·| ·||-|+ |-|· ·|+ ·| ··|·|·||·|| + ~··|-| º...-.º. ·| |-|· ·|+ -|r| ·r
Shri Ajai Kumar Chairman of STCB from 16.03.2011 and ceased
ED & Chairman of STCB 5/5 to be director from 30.09.2011
·|| ·| ·||| ·| -| ~..º.º. ·| ·|···| + -·| ·| ·|||·|-|
|-|· ·|+ ·| ··|·|·||·|| + ·|···| r · ·| .º..º.º.º ·| |-|· ·|+ -|r| ·r
Shri Sanjeev Jain Inducted as member from 16.03.2011and ceased
Director & Member of STCB 11/12 to be member from 03.03.2012
3.5.3 The meetings of STCB were held on the following
dates :
3.6.0 Remuneration Committee (RCB) :
3.6.1 The whole time directors of the Bank i.e. the Chairman &
Managing Director and the Executive Directors are being
paid remuneration and provided reimbursement of traveling
and halting expenses as per rules framed by Govt. of India
but none of them are paid sitting fees for attending the
Board meetings and other committee meetings of the
Board.
3.6.2 In compliance with the directives of Ministry of Finance,
Government of India, Remuneration Committee of the
Board (RCB) was formed during the year for the sole
purpose of evaluation of the performances of the wholetime
directors of the Bank for payment of “Performance Linked
Incentives”, annually.
29.04.2011 05.09.2011 11.11.2011 02.02.2012
27.06.2011 26.09.2011 03.12.2011 01.03.2012
27.07.2011 17.10.2011 06.01.2012 26.03.2012
29.04.2011 05.09.2011 11.11.2011 02.02.2012
27.06.2011 26.09.2011 03.12.2011 01.03.2012
27.07.2011 17.10.2011 06.01.2012 26.03.2012
3.5.2 ¢ªrc|ªr|·r| +r ªr·rc-r ¢·r =ªr+| ·ra+r -r ªr|-r|·r + ªr<ª·rr
+| =·r|ª·r|·r +r |·r·rººr |-r--rr-rªrrº r : :: ::
3.5.3 ¸·||·||·|| +| ·| + |-|·-||-||·|·| ·||·|·|| +| ~|·|| |·|·| +|
·|, :
1êu ·rrr|º·r|-r+ ªr|-r|·r (¤rºªr|·r|)
1ê1 ·| + + ·| | +||-|+ |-|· ·|+| ·|·|| ~··|-| ¸| ·|·| ·| |-|· ·|+ ·|·||
+|·| ·||-|+ |-|· ·|+| +| ·||··| ·|·+|· ;|·| ·|-||¸ ·|¸ |-|·|·|| + ~-| ·||·
·|||··||·|+ +| ·| ·|·||-| |+·|| ·||·|| r ¸| ·||~|| ·|·|| ~| · ||·|·| ·|·| +|
·||·|·| |·| +| ·||·|| r, ·|· ·| ·-|·| ·| |+·|| +| |-|· ·|+ ·| ÷-| +| ·| +|
·|| |-|· ·|+ ·| ÷-| +| ~-·| ·||·||·|·|| +| ·| +| ·| ··||··|·| r| -| + |-|¸
|+·|| ·| + ·| -+ +| ·| ·|·||-| -|r| |+·|| ·||·|| r :
1êz |·| + ·| ·|-| ·||··| ·|·+|·, ||·| ·| ~||-|·| + |-|· ·|| + ~-| ·||-|-|
·| ·|||··||·|+ ·||·||·| +| ·|-| |+·|| ·|·|| |·|·|+| ¸+·||~| ·· ··| |||·| +
~|·||· ·|· ?+|·| |-|··||·-| ·| · ·|| ··||r-|? + ·| ·|·||-| + |-|¸ ·| + +
·| | +||-|+ |-|· ·|+| + +|·| |-|··||·-| +| ·| -·|| +-| +·-|| r :
48
3.6.3 Composition of the RCB and details of meeting attended
by the members of RCB :
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·r·r -rr-r ªr«ª·r/PRESENT MEMBERS
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ~|··||·|| + ~··|-|
Shri Pravin Rawal
Director and Chairman of RCB 1/1 -
·||·||| ··|| ·| +·
|-|· ·|+ ·| ~|··||·|| +| ·|···| ·|···|
Smt. Uma Shankar
Director and Member of RCB 1/1 -
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ~|··||·|| + ·|···|
Prof. S.L. Morris
Director and Member of RCB 0/1 -
3.6.4 Date of RCB Meeting : 05.09.2011
3.7.0 Special Committee for Monitoring of Large Value
Frauds (SMLVF)
3.7.1 In compliance with the guidelines issued by Reserve Bank
of India, Special Committee for Large Value Frauds has
been constituted with the objective of monitoring and follow
up of frauds involving Rs. 1 crore and above. Chairman &
Managing Director of the Bank acts as the Chairman of
the Committee.
3.7.2 Composition of the SMLVF Committee and details of
the meetings held & attended by the members during
the year 2011-12 :
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·r·r -rr-r ªr«ª·r/PRESENT MEMBERS
·|| ~··| +| -|
~··|-| ·| ·| | ·| |-|· ·|+ ·| ··|··|·-|||·+ + ~··|-|
Shri Arun Kaul
CMD and Chairman of SMLVF 4/4 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ··|··|·-|||·+ + ·|···|
Shri N.R. Badrinarayanan
Executive Director and Member of SMLVF 4/4 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ··|··|·-|||·+ + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
Executive Director and Member of SMLVF 2/2 Member from 01.10.2011
1ê1 ¤rºªr|·r| +r ªr·rc-r ¢·r =ªr+| ·ra+r -r ¤rºªr|·r| + ªr<ª·rr +|
=·r|ª·r|·r +r |·r·rººr : :: ::
º.~.« ~|··||·|| +| ·| + +| ||·|·| : 05.09.2011
º... ¤|·r+ ºr|ºr + +·rc r +| |-r·rºr-r| r ·r |·rºr ·r ªr|-r|·r
(¢ªr¢-r¢-r·r|¢+)
3.7.1 ·||··||·| |··|| ·| + ;|·| ·||·| ·||·| ··|| |·|,| ·|| + ~-| ·||-|-| ·|
~|·|+ ·||·| + +·|| +| |-|·|·|-|| r ·| ||·| ·| ·||·||·| +| ·|-| |+·||
·|·|| r |·|·|+| ·· ··| 1 +·| ÷ ·. ¸| ··|·| ~|·|+ ·||·| + +·|| +|
|-|·|·|-|| ¸| ·-| ·|· ~-| |·|| +|· ||, +·-|| r : ·| + + ~··|-| ¸| ·|·| ·|
|-|· ·|+ ,·| ·||·||·| + ~··|-| r :
3.7.2 ¢ªr¢-r¢-r·r|¢+ +r ªr·rc-r ¤rº ·r·r zcJJ-Jz + «r ºr-r
¤r·rr |=r·r ·r a+r )·r =+ ·ra+r -r ªr<ª·rr +| =·r|ª·r|·r +r |·r·rººr : :: ::
49
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ··|··|·-|||·+ + ·|···| º..º. ·| ·|···|
Shri Pravin Rawal
Director and Member of SMLVF 1/2 Member from 12.11.2011
·|| ·|-|| ·| + ·||· ·| ·|
|-|· ·|+ ·| ··|··|·-|||·+ + ·|···| .º..º.º. ·| ·|···|
Shri Manoj Kumar Gupta
Director and Member of SMLVF 2/2 Member from 02.08.2011
·| | ·|···| / PAST MEMBERS
·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+ ·| ··|··|·-|||·+ + ·|···| .º..-.º. ·| |-|· ·|+ -|r| ·r
Shri Ajai Kumar
Executive Director & Member of SMLVF 2/2 Ceased to be member from 30.09.2011
·|| ··|.+ .|·|-r|
|-|· ·|+ ·| ··|··|·-|||·+.+ ····| ºº...º. ·| ·|···| -|r| ·r
Shri S. K. Sinha
Director & Member of SMLVF 1/1 Ceased to be member from 22.07.2011
·|| + .·-|.·| ·||·
|-|· ·|+ ·| ··|··|·-|||·+ + ····| º..º. ·| ·|···| -|r| ·r
Shri K L Prasad
Director & Member of SMLVF 1/1 Ceased to be member from 12.11.2011
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
3.7.3 During the period under review four meetings of the
Committee were held i.e. on 17.05.2011, 27.07.2011,
13.12.2011 and 01.03.2012.
3.8.0 Nomination Committee of the Board (NCB) :
In compliance with the directives of Reserve Bank of India,
Nomination committee of the Board (NCB) was constituted so
as to undertake the exercise of ‘due diligence’ for determining ‘fit
and proper’ status of the existing elected directors / persons to
be elected as director under Section 9(3)(i) of Banking Companies
(Acquisition & Transfer of Undertakings) Act 1970.
3.8.1 Composition of the NCB and details of the meetings
held and attended by the members of NCB during the
year 2011-12
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·r·r -rr-r ªr«ª·r/PRESENT MEMBERS
>r| ·r·r|ºr ºr·r-r
|-|· ·|+ ·| ·-|·||·|| + ~··|-| .º.º.º. ·| ·|···|
Shri Pravin Rawal
Director & Chairman of NCB - Member from 02.12.2011
·rr .)ªr.)-r.-rr |ºªr
|-|· ·|+ ·| ·-|·||·|| + ·|···|
Prof. S.L. Morris
Director & Member of NCB 1/2 -
3.7.3 ·|·||-||·||-| ~||·| + ·|·|-| ·||·||·| +| ||· ·|+ |·-||+
17.05.2011, 27.07.2011,13.12.2011 ~| · 01.03.2012 +| ~|·|| |·|·|
+| ·|, :
3.8.0 l-i« ºi+ -i =-i +l -ii-ii +-i ªil-il·i (¢-iªil·il) ·
·||··||·| |··|| ·| + ;|·| ·||·| |-|· ·|| + ~-| ·||-|-| ·| ||··||-| |-||| ||·|
|-|· ·|+| ;·| ++|·| + ·|-|| ,··|+·|| +| ~·| -| ~| · ~ ·|·|) ~|·||-|·|·|,
-. +| ·||·| -,º,,, + ~·||-| |-|· ·|+ + ¬ ·| ·| |-||| ||·| |+¸
·||-| ||-| ·||··|| +| ‘·||·| ¸| ·|r|’ |··||·| ~|·|||··| +·-| + |-|¸
‘·|·| ||·| ·|||·||-||’ ·|··| ·||-| +| +|·| +·-| r ·| |-|· ·|+ ·| ÷-| +|
-||·|| +-| ·||·||·| +| ·|-| |+·|| ·|·|| :
3.8.1 ¢-rªr|·r| +r ªr·rc-r ¤rº ·r·r zcJJ-Jz + «r ºr-r =+ ªr|-r|·r +|
·ra+r )·r =-r-r ¢-rªr|·r| + ªr<ª·rr +| =·r|ª·r|·r +r |·r·rººr : :: ::
50
>r| ºr-r ¤·r·rrº ºr-rr
|-|· ·|+ ·| ·-|·||·|| ····|
Shri Ram Avtar Sharma
Director and Member of NCB 2/2 -
>r| -r-rr =r + -rrº ·r ··r
|-|· ·|+ ·| ·-|·||·|| + ·|···| .º..º.º. ·| ·|···|
Shri Manoj Kumar Gupta
Director & Chairman of NCB - Member from 02.08.2011
·| | ·|···|/PAST MEMBERS
>r| ªr =r|·r =r -r
|-|· ·|+ ·| ·-|·||·|| + ·|···| .º..º.º.º ·| |-|· ·|+ -|r| ·r
Shri Sanjeev Jain
Director and member of NCB 2/2 Ceased to be director from 03.03.2012
·|| ··|.+ .|·|-r|
|-|· ·|+ ·| ·-|·||·|| + ~··|-| ºº...º. ·| |-|· ·|+ -|r| ·r
Shri S K Sinha
Director and Chairman of NCB 2/2 Ceased to be director from 22/07/2011
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
Date of Meeting of NCB: During the period under review two
meetings of the committee were held on 02.07.2011 and
05.07.2011.
3.9.0 Customer Service Committee (CSC)
3.9.1 In compliance with the directives issued by Reserve Bank
of India, Customer Service Committee of the Board has
been constituted:
i) to ensure implementation of and adherence to the
recommendations of Committee on Procedures and
Performance Audit of Public Services as well as
compliance with its recommendations;
ii) to bring upon improvement in the level of customer
satisfaction for all categories of clientele at all times;
iii) to consider innovative measures to enhance the quality
of customer service
3.9.2 The Chairman & Managing Director of the Bank is the
Chairman of the Committee.
)-rªr|·r| + ·r a+ +| ·rrº|=r : ·|·||-||·||-| ~||·| + ·| ·|-| ·| .º...º.
·| .:...º. +| ·||·||| +| ·| ·| + ~|·|| |·|·| +| ·|, :
3.9.0 :iir+ ªi ·ii ªil-il·i (ªil¢ªiªil)
3.9.1 ·||··||·| |··|| ·| + ;|·| ·||·| ·||·| ··|| |·|,| ·|| + ~-| ·||-|-| ·|
|-|··|+ ·|÷-| +| ·||r+ ·||| ·||·||·| +| ·|-| |-|·-||-||·|·| r·| |+·||
·|·|| r -
i) ·||| ·||-|+ ·| || +| ·||+·|| ¸| +|·| |-|··||·-| -| ·||·|·|-|| ·||·||·| +|
·| ··| |·|·|| +| +|·|| -|·|-| ¸| ··|+| |·|+||··|| +| ~-| ·||-|-| ·| |-||·|·|
+·-| r ·| ,
ii) ·|· | ·|·|| ·| || + ·||r+| + |-|¸ ·||r+·| |· + ··|· ·| ·| ·||·
-||-| r ·| ,
iii) ·||r+ ·| || +| ·| ||·|| ·| | |, +·-| + |-|¸ -|||-| ··||·|| ·|·
||||· +·-| r ·| :
3.9.2 ·| + + ~··|-| ¸| ·|·| ·| |-|· ·|+ ,·| ·||·||·| + ~··|-| r :
51
3.9.3 Composition of the CSC and details of the meetings
held during the year 2011-12 and attended by the
members of CSC :
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·r·r -rr-r ªr«ª·r/PRESENT MEMBERS
·|| ~··| +| -|
~··|-| ·| ·| ·| ·| |-|· ·|+ ·| ·||··|·|| + ~··|-|
Shri Arun Kaul
CMD & Chairman of CSC 4/4 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ·||··|·|| + ·|···|
Shri N.R. Badrinarayanan
Executive Director and Member of CSC 4/4 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ·||··|·|| + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
Executive Director & Member of CSC 2/2 Member from 01.10.2011
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ·||··|·|| + ~··|-| .º.º.º. ·| ·|···|
Shri Pravin Rawal
Director & Member of CSC 1/2 Member from 02.12.2011
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ·||··|·|| + ·|···| ºº..~.º. ·| ·|···|
Prof S.L. Morris
Director & Member of CSC 1/3 Member from 28.06.2011
·|| ·|·| ~|||· ·|·||
|-|· ·|+ ·| ·||··|·|| ·|···| ºº..~.º. ·| ·|···|
Shri R.A. Sharma
Director & Member of CSC 3/3 Member from 28.06.2011
|·|·-| ·|···|/PAST MEMBERS
·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+ ·| ·||··|·|| + ·|···| ...~.º. ·| ·|···| -|r| ·r
Shri Ajai Kumar
Executive Director & Member of CSC 1/1 Ceased to be member from 10.06.2011
·|| ··|.+ .|·|-r|
|-|· ·|+ ·| ·||··|·|| + ····| ...~.º. ·| ·|···| -|r| ·r
Shri S.K. Sinha
Director & Member of CSC 0/1 Ceased to be member from 10.06.2011
·|| ·|·| · | ·| ·|
|-|· ·|+ ·||··|·|| + ·|···| º..~.º. ·| ·|···| -|r| ·r
Sri J.D.Gupta
Director and Member of CSC 0/1 Ceased to be member from 13.06.2011
·|| . ~·|···|·||
|-|· ·|+ ·| ·||··|·|| + ·|···| º..~.º. ·| ·|···| -|r| ·r
Md. Akhruzzaman
Director and Member of CSC 0/1 Ceased to be member from 18.06.2011
·|| + .·-|.·| ·||·
|-|· ·|+ ·| ·||··|·|| + ····| º..º. ·| ·|···| -|r| ·r
Sri. K. L.Prasad
Director and Member of CSC 1/1 Ceased to be member from 12.11.2011
3.9.3 ªr|¢ªrªr| +r ªr ·rc-r ¤r º ·r·r zcJJJ-Jz + «r ºr-r ¤r·rr |=r·r
·r a+ )·r =+ ªr|-r|·r +| ·ra+r -r ªr|¢ªrªr| + ªr<ª·rr +|
=·r|ª·r|·r +r |·r·rººr :
52
3.9.4 During the period under review, four meetings of the
committee were held i.e. on 17.05.2011, 05.09.2011,
02.02.2012 and 26.03.2012
3.10.0 Committee on HR Related Issues (CHR)
3.10.1 In the light of the directive of Govt. of India on Managerial
Autonomy to the Public Sector Banks (PSB), the Board of
Directors of the Bank is granted with freedom and
responsibility for deciding on managerial issues within the
broad framework of the Government policies. One of the
areas of autonomy relates to framing of HR policies and
procedures.
3.10.2 Objective of the Committee:
i) to decide all Human Resource issues relating to the
Bank including staffing pattern, recruitment, placement,
transfer, training, promotions, pensions etc.
ii) to frame HR policies and procedures for recruitment
including eligibility criteria, mode of selection, levels
of entry etc.
iii) to take decisions on remuneration and compensation
of officers and staff
iv) to lay down policy of accountability and responsibility
of Bank officials
v) to prescribe standards for categorization of branches
3.10.3 Composition of the CHR Committee and details of the
meetings held during the year 2011-12 and attended
by the members of the Committee.
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·r·r -rr-r ªr«ª·r/PRESENT MEMBERS
·|| ~··| +| -|
~··|-| ·| ·| ·| ·| |-|· ·|+ ·| ·||··|~|· + ~··|-|
Shri Arun Kaul
CMD & Chairman of CHR 5/5 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ·||··|~|· + ·|···|
Shri N.R. Badrinarayanan
Executive Director and Member of CHR 5/5 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ·||··|~|· + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
Executive Director and Member of CHR 4/4 Member from 01.10.2011
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ·||··|~|· + ~··|-| .º.º.º. ·| ·|···|
Shri Pravin Rawal
Director & Member of CHR 4/4 Member from 02.12.2011
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ·||··|~|· + ·|···|
Shri S.L. Morris
Director and Member of CHR 3/5 -
·|| ·|·| ~|||· ·|·||
|-|· ·|+ ·| ~|·| |~||| ·|···|
3.9.4 ·|·||-||·||-| ~||·| + ·| ·|-| ·||·||·| +| ·||· ·| + + ·|·|. |·-|| +
17.05.2011, 05.09.2011, 02.02.2012 ~| · 26.03.2012 +| ~|·|| |·|·|
+| ·|, :
3.10.0 -ii-i·i ªi ªii·i-i ªi ·i ·il -i ci ªi ªi ·i l·i·i ªil-il·i (ªil¢·i»iª)
3.10.1 ·|·+|·| -| ~| + ·| +| ,·||··|·||, + |-|¸ ·|·| ·|+|·| ·||·|·|·||
·| ·| ·|| ·||··| ·|·+|· + |-|· ·|| + ~|-|| + ·| ·| + + |-|· ·|+ ·| ÷-| +|
,·| ·||·| +| ·|r ·|·| ~|·|| ·| ·|, r ¸| ··|··||·|·| ·|| ·|| ·|·|| r |+ |r
·|·+|·| -|||·|·|| + ·||·|+ «|| + ·||·|· ·|·|·|+|·| ·|·| ·|· |-||·| -|:
·||·|·|·|| ·| ·| ·| |·|·| ¸+ -| ~| +| ·| ·| ·| ·||-|| ·| ·||·|-| ·| ·| ·| |·|·| -|||·|
¸| |+·|||||·| + |-|·|| | ·| r :
3.10.2 ªr|-r|·r +r =c º·r : :: ::
i) ·|+ «| ||,·|·|| ,|···|||-|,··||-|| ·|··| ,.||·|-|·| , |·| --||·| ,
| ·|-| ~||· ·||r·| ·| + ·| ·| ·| |·|·| ·||-|| ·| ·||·|-| ·| ·| ·|| ·|·||
·| ·| + ·||· ·| |-|·| ·| +·-||
ii) ||~|·|| ·||-|· ÷, |·|-| +| |,|·|, .|| ·| +| ··|· ~||· ·||r·|
·|·|| + |-|¸ ·||-|| ·| ·||·|-| ·| ·| ·|| -|||·| ¸| |+·|||||·| ·|-||-||
iii) ~|·|+||··|| ¸| ·|+ +| ·|||··||·|+ ¸| -||·|·| |·| + ·||· ·|
|-|| ·| -| -||
iv) ·| + + ·|··|||··|| +| ·|||·|· r| ~| · |·|··| ·|·| ·| ·| ·| |·|·| -|||·|
|-|·|| |··| +·-||
v) ·||·||~| + |·||+·| + |-|¸ ·||-|· ÷ |||r·| +·-||
3.10.3 ªr|¢-r¤rº ªr|-r|·r +r ªr·rc-r ¤rº ·r·r zcJJJ-Jz + «r ºr-r
¤r·rr |=r·r ·r a+ )·r =+ ªr|-r|·r +| ·r a+r -r ªr<ª·rr +| =·r|ª·r|·r
+r |·r·rººr
53
Shri Ram Avtar Sharma
Director and Invitee 3/4 -
·r¸ ·r ªr«ª·r/PAST MEMBERS
·|| ~·|·| + ·||·
+|·| ·||-|+ |-|· ·|+ ·| ·||··|~|· + ·|···| º...-.º. ·| ·|···| -|r| ·r
Shri Ajai Kumar
Executive Director & Member of CHR 3/3 Ceased to be member from 30.09.2011
·|| ·|·| · | ·| ·|
|-|· ·|+ ·| ·||··|~|· + ·|···| º..~.º. ·| ·|···| -|r| ·r
Sri J. D. Gupta
Director and Member of CHR 1/1 Ceased to be member from 13.06.2011
·|| + .·-|.·| ·||·
|-|· ·|+ ·| ·||··|~|· + ····| º..º. ·| ·|···| -|r| ·r
Sri. K. L.Prasad
Director and Member of CHR 2/2 Ceased to be member from 12.11.2011
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
3.11.0 Committee on IT & Financial Inclusion (CIT &FI)
3.11.1 In order to provide focused attention in matters relating
to technology up gradation and IT initiatives for Financial
Inclusion, the Board of Directors, at its meeting dated
26.06.2009 constituted the Committee on IT & Financial
Inclusion (CIT & FI).
3.11.2.. Composition of the (CIT & FI) and details of the
meeting attended by the members of (CIT & FI) :
3.10.4 During the period under review, five meetings were held
on the following dates :
10.06.2011 06.07.2011 05.09.2011 03.12.2011 26.03.2012
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
·|| ~··| +| -|
~··|-| ·| ·| ·| ·| |-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ~··|-|
Shri Arun Kaul
CMD & Chairman of CIT & FI 1/1 -
·|| ·-|.~|·.·|-|-||·|·|·|-|
+|·| ·||-|+ |-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ·|···|
Shri N.R. Badrinarayanan
Executive Director and Member of CIT & FI 1/1 -
·|| ··|.·|--·| ·|·-|
+|·| ·||-|+ |-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ·|···| ....º. ·| ·|···|
Shri S. Chandrasekharan
Executive Director and Member of CIT & FI 1/1 Member from 01.10.2011
·|| ·| ||·| ·||-|
|-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ~··|-| .º.º.º. ·| ·|···|
3.10.4 ·|·||-||·||-| ~||·| + ·| ·|-| |-|·-||-||·|·| ·||·|·|| +| ·| |·|
·| + ~|·|| |·|·| +| ·|, :
3.11.0 ªr¸ .·r r . )·r |·r-r|·r ªr-rr·r ºr-r (ªr|¤r¡ c| )·r )+¤r¡ j ªr|-r|·r
º.. ·||·||·|+| ··|·|-| ·| ||·||·| ·|·|||·|-| + |-|· ·|·|-|| ·||·||·|+|
·|r-| ·| ·| ·| |·|| ·||·|-|| ·|· ||·| ·| ··||-| · -| r | |-|· ·|+ ·| ÷-| -| |·-|| +
º~..~.º..- +| ·| ·|·| ·| + ·| ·| .·| | . ·| ||·||·| ·|·||| ·|-| ,·||~||·|
·| ·+~|, , ·||·||| +| ·|-| |+·||
º.JJ.z ªr|¤r¡ c| )·r )+ ¤r¡ +r ªr ·rc-r )·r =ªr+| ·r a+r -r ªr«ª·rr
+| =·r|ª·r|·r +r |·r·rººr
54
Shri Pravin Rawal
Director & Member of CIT & FI 1/1 Member from 02.12.2011
·|| ·|·| ~|||· ·|·||
|-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ·|···|
Shri Ram Avtar Sharma
Director & Member of CIT & FI 1/1 -
·||.··|.·-|.·|||··|
|-|· ·|+ ·| ·||~|, ·| ·| ·+~|, + ·|···|
Prof. S.L. Morris
Director & Member of CIT & FI 1/1 -
|-|· ·|+ +| -||·| +|·| +|-| + ·| ·|-| ||·||
|·|-|·| ·||··|·| ·r ; ~|·|| |·|·|
·| +
Name of Director Meetings Attended / Remarks
Held during the tenure
During the period under review one meeting of the committee
was held on 13.12.2011
4.0 Shareholders Meetings held during the last three years ;
The details of the General Meetings of the Shareholders held
during the last 3 years :
·| + +| -||·| ·||·|·| ¸| |·-| ·|·|·| ··||-|
Name of the meeting Date and Day Time Venue
~| |||·|+ ~|·| ·| + º ·| -||, , º..- ... ·|·| , ··-| ·|| -|-| +-·|·-| ·| ··,
·-|| + ·||, º., ·||-· -| +,
+| -|+||| .. .~
6
th
Annual 3
rd
July 2009 11.00 A.M Eastern Zonal
General Meeting Cultural Centre, Block 1B,
201, Salt Lake, Kolkata - 700106
~·||·||··| ·||·||-·| ~|·| ·| + º ·||·| , º.. .º. ·|·| ·| |-|||·|·| , |·· ·· · r|-|,
, ·| |+·| ·|··|| ·· |·,
+| -|+||| .. .º
Extra Ordinary 2
nd
March, 2010 11.30 A.M. University Institute Hall,
General Meeting 7, Bankim Chatterjee St.,
Kolkata –700 073
|| |||·|+ ~|·| ·| + º ·| -||, , º.. ... ·|·| , ··-| ·|| -|-| +-·|·-| ·| ··,
·-|| + ·||, º., ·||-· -| +,
+| -|+||| .. .~
7
th
Annual 12
th
July, 2010 11.00 A. M Eastern Zonal Cultural Centre,
General Meeting Block 1B, 201, Salt Lake,
Kolkata – 700106
~·||·||··| ·||·||-·| ~|·| ·| + ·||·| , º. ... ·|·| -| ·|-|-| -||,·| ·| ~| |÷·| |··|·|,
·| -|| |÷·|· ·| ÷, ~-||·| ·,
+| -|+||| .. .º
Extra ordinary 17
th
March, 2011 11.00 A.M National Library Auditorium,
General Meeting Belvedere Road, Alipore,
Kolkata 700 027
º|| |||·|+ ~|·| ·| + « ·| -||, , º. ... ·|·| , ··-| ·|| -|-| +-·|·-| ·| ··,
·-|| + ·||, º., ·||-· -| +,
+| -|+||| ...~
8
th
Annual 14
th
July, 2011 11.00 A.M. Eastern Zonal Cultural Centre,
General Meeting Block 1B, 201, Salt Lake,
Kolkata - 700106
~·||·||··| ·||·||-·| ~|·| ·| + ºº ·||·| , º.º ... ·|·| -| ·|-|-| -||,·| ·| ~| |÷·| |··|·|,
·| -|| |÷·|· ·| ÷, ~-||·| ·,
+| -|+||| .. .º
Extra ordinary 23
rd
March, 2012 11.00 A.M National Library Auditorium,
General Meeting Belvedere Road, Alipore,
Kolkata 700 027
4.0 |·ro-r ·r|-r ·r·rr + <rºr-r ¤r·rr|»r·r ºr·rº·rrº+r +| ·ra+ ·
|·|·-| ·||-| |·|| + ·| ·|-| ~|·|| |·|·| ·| ·|··||·+| +| ~|·| ·| +| + ··|| ·
,·| ·|+|· r :
·|·||-||·||-| ~||·| + ·| ·|-| |·-|| + º.º.º. +| ·||·||| +| ·+
·| + ~|·|| |·|| +| ·|,
55
4.1.1 Attendance of the Directors in the last Annual General
Meeting :
The last i.e. 8
th
Annual General Meeting was held on 14
th
July,
2011 at Eastern Zonal Cultural Centre, Block 1B, 201, Salt Lake,
Kolkata – 700106. Shri. Arun Kaul, Chairman & Managing
Director, Shri Ajai Kumar, Executive Director, Shri N R
Badrinarayanan, Executive Director and Shri Sanjeev Jain,
Director attended the meeting.
4.1.2 New Directors on the Board after the last Annual General
Meeting :
Shri. Shri S. Chandrasekharan, Executive Director, Sri. K.L
Prasad, Director, Shri Pravin Rawal, Director and Shri Manoj
Kumar Gupta, Director, became the members of the Board
subsequent to the date of the last Annual General Meeting held
on 14
th
July, 2011.
4.1.3 Special Resolutions passed during last three years
i) In the Extra Ordi nary General Meeti ng of the
shareholders held on 2/3/2010, a special Resolution
was passed in terms of which the shareholders of the
Bank accorded its approval to the Board enabling it,
interalia, to issue and allot not exceeding 6(six) crore
Equity Shares of face value of `10/- each, in one or
more trenches by way of Public Issue, Preferential
Issue and/ or Private Placement.
ii) In the Extra Ordi nary General Meeti ng of the
shareholders held on 17th March, 2011, a special
resol uti on was passed i n terms of whi ch the
shareholders of the Bank accorded its approval to the
Board enabling it, interalia, to issue and allot upto
7,90,00,000 equity shares on preferential basis to
Government of India. Bank had allotted 7,81,57,479
equity shares of ` 10/- each on 25.03.2011 at ` 120.27
per share determined in accordance with Regulations
76 (1) of SEBI ICDR Regulations, 2009.
iii) In the Extra Ordi nary General Meeti ng of the
shareholders held on 23
rd
March, 2012, a special
resol uti on was passed i n terms of whi ch the
shareholders of the Bank accorded their approval to
the Board enabling it, interalia, to issue and allot upto
6,06,13,407 equity shares to Government of India and
3,13,75,874 equi ty shares to Li fe Insurance
Corporation of India on preferential basis. Bank had
allotted 58,18,887 equity shares to Government of
India and 3,13,75,874 equity shares to LIC of India on
30.03.2012 at an issue price of ` 82.49 per share
determined in accordance with Regulations 76 (1) of
SEBI ICDR Regulations, 2009.
iv) No special resolution was passed through postal ballot
since IPO.
5.0 Disclosures :
The Bank is governed under the Banking Regulations Act 1949,
Banking Companies (Acquisition & Transfer of Undertaking) Act
1970, Nationalised Banks (Management & Miscellaneous
Provisions) Scheme 1970 and The Banking Companies
(Acqui si ti on & Transfer) & Fi nanci al Insti tuti ons Laws
(Amendment) Act 2006. Reserve Bank of India, has clarified that
for Listed Public Sector Banks, Clause 49 of the Listing Agreement
will apply only to the extent that it does not violate the relative
statutes applicable to them and the guidelines issued by
Government of India/Reserve Bank of India from time to time in
this regard.
4.1.1 |·ro-r| ·rr|·r+ ¤r-r ·ra+ -r |-r<ºr+r +| =·r|ª·r|·r
|·|·-||, ·||-|| º || |||·| + ~|·| ·| + « ·| -||, , º. +| , ·-|
·|| -|-| +-|·-| ·| ·, ·-||+ ·|| º., ·||- -| + |·||, +| -|+|·||
...~ ·| ·| ·|--| r , ·|| |·|·|·| ·|| ~··| +| -|, ~··|-| ¸| ·|·| ·|
|-|· ·|+, ·|| ~·|·| + ·||·, +|·| ·||-|+ |-|· ·|+, ·|| ·-|.~|·.·|-|-||·|·|·|-| ,
+|·| ·||-|+ |-|· ·|+, ¸| ·|| ·| ·||| ·| -|, |-|· ·|+ -| ·||·| |-|·|| :
4.1.2 |·ro-r| ·rr|·r + ¤r-r ·r a+ + ·rr< |-r< ºr+ -r =-r -r ºrr|-r-r -r¢
|-r< ºr+
|·-|| + « ·|-||,, º. +| ~|·|| |·|·| |·|·-|| |||·| + ~|·| ·| + +|
·||·|·| + ·||· ·|| ··|.·|--·| ·|·-| , +|·| ·||-|+ |-|· ·|+, ·|| + .·-|.·| ·||·,
|-|· ·|+, ·|| ·| ||·| ·||-|, |-|· ·|+ ~| · ·|| ·|-|| ·| + ·||· ·| ·|, |-|· ·|+
·|| ÷ + ·|···| r ¸:
4.1.3 |·ro-r ·r|-r ·r·rr + <rºr-r ·rr|º·r |·rºr·r ªr+-·r
i) |·-|| + º ·||| , º.. +| ~|·|| |·|·| ·| ·|··||·+| +| ~·||·||·| ~|·|
·| + ·| ¸+ ||·| ·| ·| +-·| ·|||··| |+·|| ·|·|| |·|·|+| ·|·|| + ~-| ·||· ·| +
+ ·| ·|··||·+| -| |-|· ·|+ ·| ÷-| ;|·|, ~-·| ·||·|| + ·||·|·||·|, ·||| ·||-|+
|-|·| ·| + ¬ | ·| ~|·|·||-|| |-|·| ·| ~| · ; ·|| |-|·|| ·|| · |· ·| ·|· ~|·| -|
~|·||· ·|· ·|| ¸+ ·|| +, |r··|| ·| ./ ` ·| ·| + + ~ |+| ·| -·| ·|·
~ ,·r, +·| ÷ ·. ·| ~-||·|+ + ·| ·|·, |-|·| |·|·| ¸| ~|·| |·| |+¸ ·||-|
+| ~-| ·|| ·-| |+·|| :
ii) |·-|| + ·||| , º. +| ~|·|| |·|·| ·| ·|··||·+| +| ~·||·||·| ~|·|
·| + ·| ¸+ ||·| ·| ·| +-·| ·|||··| |+·|| ·|·|| |·|·|+| ·|·|| + ~-| ·||· ·| +
+ ·| ·|··||·+| -| |-|· ·|+ ·| ÷-| ;|·| ~-·| ·|||| + ·||·| ·||·|, ~|·|·||-·|
~|·||· |· ·||·| ·|·+|· +| ¯,·¨,¨¨,¨¨¨ ,|+|·| ·| ·|· |-|·| |·|·| ¸|
~|·| |·| |+¸ ·||-| +| ~-| ·|| ·-| |+·||: ·| + -| ·| ·|| ~|, ·||÷|~|· +
|||-|·|·| , º..- + |||-|·|·| ~ ,, + ~-| ·||· º..º ` ·| || ·| ·|·
·| -·| ·|· |·-|| + º:..º.º. +| ·| ·| + . / ` + ,º,:,«-
,|+|·| ·| ·|· ~|·| |·| |+·
iii) |·-|| + ºº ·||| , º.º +| ~|·|| |·|·| ·| ·|··||·+| +| ~·||·||·| ~|·|
·| + ·| ¸+ ||·| ·| ·| +-·| ·|||··| |+·|| ·|·|| |·|·|+| ·|·|| + ~-| ·||· ·| +
+ ·| ·|··||·+| -| |-|· ·|+ ·| ÷-| ;|·| ~-·| ·|||| + ·||·|·||·|, ~|·|·||-·|
~|·||· |· ·||·| ·|·+|· +| ö,¨ö,¹,4¨¯ , |+|·| ·| ·|· ·| ·||·||·|
·|||-| ·||·|| |-|·|·| +| º,º,:,º« ,|+|·| ·| ·|· |-|·| |·|·| ¸| ~|·| |·|
|+¸ ·||-| +| ~-| ·|| ·-| |+·||: ·| + -| ·| ·|| / ·||÷|~|· + |||-|·|·|, º..-
+ |||-|·|·| ~ ,, + ~-| ·||· ºº.«- ` ·| || ·| ·|· ·| -·| ·|· |·-|| +
º...º.º.º +| ·||·| ·|·+|· +| ¯-,-,--¯ , |+|·| ·| ·|· ·|
·||·||·| ·|||-| ·||·|| |-|·|·| +| º,º,:,º« ,|+|·| ·| ·|· ~|·| |·|
|+·
iv) ~|, ·||~| + ~|· ·| ·| r| ÷|+ ,|·| ·||·|~| ·| ·|-| + ·||·|-| ·| +| , ||·| ·|
·| +-·| ·|||·| -|r| |+·|| ·|·|| ·||
5.0 ir+c|+ººr :
·| + , ·| ++|·| |||-|·|·|-| ~|·||-|·|·| 1949, ·| ++|·| + ·|-|| ,··|+·|| +|
~·| -| ~| · ~ ·|·|) ~|·||-|·|·| 1970,·|·· |·|+ | ·| + ,·|·|·| ~|· ||||·|
··|·| ·|) ·|| ·|-|| 1970 ·|·|| ·| ++|·| + ·|-|| ,~·| -| ~| · ~ ·|·|) ~| ·
||·||·| ·| ··|| |||·| ,·| ·|| ·|-|) ~|·||-|·|·| 2006 ;|·| ·|||·|·| r| ·|| r :
·||··||·| |··|| ·| + -| ··|· |+·|| r |+ ·| ||·|, ·|·+|·| -| ~| + ·| +|
+ |-|¸ ·| ||+·| +·|· +| ·| ÷ 49 ··|| ·||·|| ·|+ -||·| r| ·|| |+ |r
·-|·|· -||·| ·| ·| |·|·| +|-| -| ¸| ,·| ·| ·| ·| ·| ·||··| ·|·+|·/·||··||·|
|··|| ·| + ;|·| ·|·|·|-·|·|·| ·|· ·||·| ·||·| ··|| |·|,| ·|| +| ~|·|+·||
-|r| +··|| r :
56
5.1 Remuneration of Directors :
Other than “Productivity Linked Incentives” payable to the whole
time directors, the remuneration of the Chairman & Executive
Director is fixed by the Central Government. The Bank does not
pay any remuneration to the part time directors except sitting
fees at the following rates.
For Board Meeting : ` 10,000/- per sitting
For Committee Meeting : ` 5,000/- per sitting
5.2 Disclosure of Material Transactions and Pecuniary
relationship:
Other than those in the normal course of banking business, the
Bank has not entered into any materially significant transaction
with its promoters, directors or the management etc. that may
have potential conflict with the interest of the Bank at large. There
was no pecuniary relationship or transactions of the non-executive
director vis-à-vis the Bank during the year.
In compliance of the Code of Conduct for Directors and Senior
Management of the Bank, Directors do not take part in the
deliberations of the Board and its sub-committees when the
matters relating to them or their relatives are discussed.
5.3 Proceeds from Public Issues etc.
During the financial year ended on 31st March, 2012, the Bank
did not raise any Equity Shares by way of Public/Right Issue.
Bank allotted 58,18,887 equity shares to Government of India
and 3,13,75,874 equity shares to LIC of India on 30.03.2012 on
preferential basis at an issue price of ` 82.49 per share
determined in accordance with Regulations 76 (1) of SEBI ICDR
Regulations, 2009. Bank had received ` 258,81,95,846.26 from
LIC of India and ` 47,99,99,988.63 from Government of India
against allotment of above equity shares. The funds so received
by the Bank were utilized/would be utilized for augmenting Bank’s
working capital resources and expansion of banking assets.
5.4 The Bank has formulated a Code of Conduct for the Board of
Directors and Senior Management on the lines of draft circulated
by Indian Bank’s Association. The text of the same is available
on the website of the Bank www.ucobank.com All the Directors
and Senior Management have affirmed their compliance of Code
of Conduct during the period under review.
5.5 During the year, there is no instance of non-compliance,
penalties, strictures imposed on the Bank by the Stock Exchanges
or SEBI or any other statutory/regulatory authority on any matter
related to Capital Markets transactions.
6.0 Compliance Status of the “Non-Mandatory Requirements”
of the Revised Clause 49 of the Listing Agreement with Stock
Exchanges :
Regarding compliance to “Non-Mandatory Requirements” of
Revised Clause 49 of the Listing Agreements with Stock
Exchanges, which are suggestive in nature, the Bank has
complied with the provision regarding Training of the Members
of the Board.
5.1 |-r<ºr+r +r ·rr|º·r|-r+ :
·| | +||-|+ |-|· ·|+| +| · ·| ?···||·+·|| ·| · ·|| ··||r-| ·||·|? +
~|·||·· ~··|-| ¸| +|·| ·||-|+ |-|· ·|+ +| ·|||··||·|+ + -|·| ·|·+|·
;|·| ·|·| |+·|| ·||·|| r : ·| + ~ ·|+||-|+ |-|· ·|+| +| |-|·-||-||·|·| ··|
·|· ·| + ·| -+ + ~|·||·· +| , ·|||··||·|+ ·|·|-| -|r| +··|| r -
|-|· ·|+ ·| ÷-| +| ·| + + |-|¸ : ·||·| ·| + `10000/-
·||·||·| +| ·| + + |-|¸ : ·||·| ·|+ ` 5000/-
5.2 -rr··r·r¸ºr -r-r<-r ·r·rr ¤r|·r+ ªr·r·r +r ir+c|+ººr :
·| |+·| +|·| ·||· + ·||·||-·| ~-| +·| + ~|·||·· ·| + -| ~·|-| ·||·| +| ,
|-|· ·|+| ·|| ·|·| ·|-| ~||· + ·||·| +| , ¸ ·|| ·|||·|+ ·--| ·|-||·| -| -|· -|
-|r| |+·|| r ·|| ·| + + ·||·|+ |r·|| ·|· ·| ·||||·| ·| + ·| ·| +· ·|+ :
|·| + ·| ·|-| ·| + + ·||··| -·| ·| ·| ·-+|·| ·||-|+ |-|· ·|+ +| +| , ~||·| +
·| ·| ·| ·|| -| -|· -| -|r| ·||:
·| + + |-|· ·|+| ·|·|| ||·· ·|·| ·|-| + |-|¸ ~|||· ·| |r·|| ·| ~-| ·||-|-|
·| |-|· ·|+·||, |-|· ·|+ ·| ÷-| ·|| ··|+| ··|·||·||·|·|| +| ·-| ·| +| ·|
r| -| ||-| ||||·||·|·| ·| ·||·| -|r| -| ·| r |·|-|·| |-|· ·|+·|| ·|| ·-|+
-||·| ·|·| ·| ·| ·| |·|·| ·||·|-|| ·|| ||| +| ·||·|| r :
5.3 ªrr·r»r|-r+ |-r·r-r ¤r|< ªr irr··r ºr|ºr
|·-|| + 31 ·|||, 2012 +| ·|·||··| ||·||·| |·| + ·| ·|-| ·| + -| ·||| ·||-|+
/~|·|+|· |-|·| ·| + ¬ ·| ·| , |+|| ·| ·|· ·||·| +·+ +| , ·||·| -|r|
·| |, : ·| + -| ·| ·|| ~|, ·||÷|~|· + |||-|·|·|, º..- + |||-|·|·|
~ ,, + ~-| ·||· ` ºº.«- ·| || ·| ·|· ·| -·| ·|· ~|·|·||-·| ~|·||· ·|· |·-|| +
º...º.º.º +| ·||·| ·|·+|· +| ¯-,-,--¯ ,|+|·| ·| ·|· ·| ·||·||·|
·|||-| ·||·|| |-|·|·| +| º,º,:,º« , |+|·| ·| ·|· |-|·| |·|·| ¸| ~|·| |·| |+·
·| + +| ··|·| +| , |+|·| ·| ·|·| + ~|·| ·-| + ·|·| ·| ·||·||·| ·|||-| ·||·||
|-|·|·| ·| ` º:º,º,-:,º«~.º~ ·| ·||·| ·|·+|· ·| ` «,--,--,--º.~º
·| |·| r ~| ·| + -| ·| |·| ·+| ·||·| +| ··|·|| ·| ·| + + +|·| +|·| ·| ·|| ·| ·||·|-||
·| ·| + + ~||·|·|| +| ·|« |-| + |-|· |+·|| +· ·||
5.4 ·| + -| ·||··||·| ·| + ·| ·| ;|·| ·||·|||-|·| ÷ |+ + ~-| ·||· |-|· ·|+
·| ÷-| ¸| ||·· ·|·| ·|-| + |-|¸ ~||·| ·| |r·|| ·| ·||· +| r : ··|+| ·||
·| + +| | ·|·||, www.ucobank.com ·|· ··|-|··| r : ·|·|| |-|· ·|+|
¸| ||·· ·|·| ·|-| -| ·|·||-||·||-| ~||·| + ·| ·|-| ~|||· ·| |r·|| + ~-| ·||-|-|
+| ·| |· +| r :
5.5 |·| + ·| ·|-| ·| ·|| ·||·||· ·| ·| ·| |·|·| -| -|· -| ·| ·| ·|| |+·|| ·||·|-| ·|
·| + ¸+·|| ·| ·|| ·| ·|| ·|| |+·|| ~-·| ·|| |||·|+/|-|·||·|+ ·|||·|+·|
;|·| ·| + ·|· +| , ·| ·-~-| ·||-|-| +| ~|·| ·|, · ÷, ~|-| ·| -|r| -|·||·|| ·|·||
r :
6.0 ªcr+ ¢+ªr-r»rr + ªrr·r ªr¸-r|+ººr +ºrº + ªrºrr|·r·r =r= 49 +l
“·r º- -- --¤|-r·rr·r ¤·r =rr“ + ¤-r·rr-r-r +| |ª·r|·r
·| + ¸+·|| ·|| + ·||·| ·| ||+·| +·|· + ·| ·|| |·|·| ·| ÷ 49 +| ?·| ·
~|-|||·| ~·| -||? + ~-| ·||-|-| + ·| ·| ·| ·| , ·|| ·|| + |·|+ ·|¬ ·| + r ,
·| + -| |-|· ·|+ ·| ÷-| + ·|···|| +| ·||·|-|| + ·||· ·| ·|||·||-| +|
~-| ·||-|-| |+·|| r :
57
6.1 The Bank has identified all related parties and
transactions with Directors during the year 2011-12 and
position as on 31
st
March, 2012 are as follows :
·|·| ·| ·|·| ·|-| +||·| + ~||·| |||·| ·||·|
Key Management Personnel Period Items Amount
>r| ¤=ºr +r -r cJ.c+.zcJJ ªr ºJ.cº.zcJz ·rr|º>r|-r+,
¤··r=r )·r ·r ·r ·r |-r« ºr+ ·r|º-r|··r·rr )·r ·rr ·ªrrr-r
=r-rr
Shri Arun Kaul 01.04.2011 to 31.03.2012 Remuneration,
CMD perquisites & Incentive 14.61
Deposits 25.36
·r¸ +r ·r + + ºr ·rºr -r |-r·r ºr ºr¸ -·r
Investments in UCO Shares Nil
·rr··r ··rr=r
Interest Received 1.76
=·rrº ºr¸ -·r
Borrowings Nil
>r| )-r.¤rº. ·rc|-rrºr·rºr-r cJ.c+.zcJJ ªr ºJ.cº.zcJz ·rr|º>r|-r+,·r|º-r|··r·rr )·r
+r·r ·rr-r+ |-r« ºr+ ·rr ·ªrrr-r
=r-rr
Shri N.R. Badrinarayanan 01.04.11 to 31.03.12 Remuneration,
ED perquisites & Incentive 12.58
Deposits 10.71
·r¸ +r ·r + + ºr ·rºr -r |-r·r ºr ºr¸ -·r
Investments in UCO Shares Nil
·rr··r ··rr=r
Interest Received 0.24
=·rrº ºr¸ -·r
Borrowings Nil
>r| )ªr.-r cºr =rº-r cJ.Jc.zcJJ ªr ºJ.cº.zcJz ·rr|º>r|-r+,·r|º-r|··r·rr )·r
+r·r ·rr-r+ |-r« ºr+ ·rr ·ªrrr-r
=r-rr
Shri S. Chandrasekharan 01.10.2011 to 31.03.2012 Remuneration,
ED perquisites & Incentive 6.16
Deposits 0.90
·r¸ +r ·r + + ºr ·rºr -r |-r·r ºr ºr¸ -·r
Investments in UCO Shares Nil
·rr··r ··rr=r
Interest Received 0.01
=·rrº ºr¸ -·r
Borrowings Nil
>r| ¤=r·r + -rrº cJ.c+.zcJJ ªr ºc.cs.zcJJ ·rr|º>r|-r+,·r|º-r|··r·rr )·r
-r¸ ·r·r¸ ·r +r·r ·rr-r+ |-r« ºr+ ·rr ·ªrrr-r
=r-rr
Shri Ajai Kumar, EX-ED 01.04.11 to 30.09.2011 Remuneration,
perquisites & Incentive 6.42
Deposits 12.82
·r¸ +r ·r + + ºr ·rºr -r |-r·r ºr ºr¸ -·r
Investments in UCO Shares Nil
·rr··r ··rr=r
Interest Received 1.19
=·rrº
Borrowings
,-||·| `. ·|) / (`. in lakhs)
6.1 ·r+ -r ·r·r 2011-12 + <rºr-r ªr-r| ªr·r|·r·r ·rr|c·rr ¤rº |-r<ºr+r
+ ªrr·r |+¢ ·r¢ -r -r< -r +| ·rr-rr-r +| r ¤r º 31 -rr-r , 2012 ·r+
+| |ª·r|·r |-r--r ir+rº ªr r :
58
+ ·r-r| +r -rr-r ªr ·r ·r +| ·r + |·r ªr |·r·rr¤r +r |·r·rººr ºJ.cº.zcJz +| |ª·r|·r + ¤-r ªrrº ªr |·r·rr +| ·r + |·r
)·r ·r+r·rr ºr ·r
Name of the company Nature of Relationship Details of the facilities Nature of facility and Balance outstanding
as on 31.03.2012
,+·| ÷ ` ·| , / (` in Crores)
M/s. Parabolic Drugs
Ltd., Chandigarh
Shri Pranav Gupta,
Director of the
Company is son of
Shri Jai Dev Gupta,
Director.
The Company is enjoying
credit facilities from our
Sector 17B Branch,
Chandigarh.
Term Loan : 25.21
Cash Credit : 14.98
Packing Credit : 16.02
Inland Bills
Discounting : 3.96
Cheque Purchasing : 0.24
Letter of Credit : 48.82
Bank Guarantee : 1.00
7.0 Means of Communication :
7.1 The information about the operational and financial
performance of the Bank are communicated to the Stock
Exchanges, where the securities of the Bank are listed
immediately on the date of Board meeting approving/reviewing
the financial statements of the Bank, besides posting of quarterly/
hal f-yearl y/annual fi nanci al resul ts i n Bank’s websi te
(www.ucobank,com). Such results are also made public through
press releases/advertisements as well as by presentation made
to the representatives from print and electronic media and other
interested members of the public.
7.2 As per the Listing Agreement with the stock exchanges
Unaudited but Reviewed financial results of the Bank for the
quarters ended on 30.06.2011, 30.09.2011, 31.12.2011 and
31.03.2012 were published within the prescribed time limit in
widely circulated dailies.
8.0 General Shareholders Information:
8.1.0 Annual General Meeting (AGM) of the Shareholders :
Before the Initial Public Offer, as the entire Equity Capital of the
Bank was held by the Govt. of India, no Annual General Meeting
was held till 2002-03. Subsequent to IPO, the Bank has been
holding Annual General Meetings of the shareholders every year,
as prescribed in the statute and within the stipulated time limit.
The details of last three general meetings of the shareholders
have been indicated under point no.4.0.
8.2.0 Listing on Stock Exchanges :
The equity shares of the Bank are listed on the following stock
exchanges :
+·| ·|. ·| + ¸+·|| ·|| + -||·| ·| + + ·| ||·|, |+¸ ·||-| +| ·||·|·|
Sl.No. Name of the Stock Exchanges Stock Code Date of listing
1. -| ·|-|-| ·| + ¸+·|| ·| ~|+ , |÷·|| |-|. ·| +| ·| +
National Stock Exchange of India Limited UCO BANK 09.10.2003
2. ·| ·|, ·| + ¸+·|| ·| |-|.
Bombay Stock Exchange Limited 532505 09.10.2003
The Bank has also issued 1823000 Perpetual Non Cumulative
Preference Shares (PNCPS) of nominal value of ` 1 lac each to
the Govt. of India which are unlisted securities.
·| ·|·| ·| ·|·|| |-|+ ÷ ··|
|-|.,·|÷|·|«
·|| ·| ·|| ·| ·|, + ·|-||
+ |-|· ·|+ ·|| ·|| ·|·|
· | ·| ·| ,|-|· ·|+ +
·| ~| r
+ ·|-|| r·||·| ·|| ·||·||,
·| ÷|·|« ·| »·| ·| ||·|| ·| |·|
+· ·r| r
·||·||·| »·| . º:.º
-|+·| »·| . «.-º
·| |+·| »·| . ~..º
~ |· ·||·| |·|-| ·| -||, . º.-~
·| + ·|·|· . ..º«
·||·| ·|~| . «º.ºº
·| + ·||· ·| . ...
7.0 ªr -rrº + ªrr·r-r :
7.1 ·| + + ·||·||-|-| ¸| ||·||·| +|·| |-|··||·-| ·| ·| ·| |·|·| ·| |-||¸ ¸ ·|
·| + ¸+·|| ·|| +| , ·|r| ·| + +| ·||·|·| |·|·|| +| ·| ||·|, |+·|| ·|·|| r ,
·| + + |||·| + ||·||·| |||·| +| ~-| ·|| ·-| / ·|·||-|| ·|| ÷ ;|·| |+¸
·||-| +| ·||·|·| +| ·|··| ·|+ +| |·|·||r|/ ··||r|/ |||·|+ ||·||·|
·||·||·| ·| + +| | ·|·||, (www.ucobank.com) ·| |·¸ ·||-| + ~|·||··
·| ·||·|| r : ·| + + ¸ ·| ·||·||·| +| ·| ·| ||-||··|·||/ ||-||·|-|| + ·||··|·|
·| ·||| ·||-|+ +·-| + ·||·| r| |·| ¸| ,-| + | |-|+ ·|||÷·|| + ·||·||-||·|·||
¸| ~-·| |r·|·|, ·||··|| + ·|·|-| ·|| ·|··| ·| |+·|| ·||·|| r :
7.2 ·|+ ¸+·|| ·|| + ·||·| ·| ||+··| +·|· + ~-| ·||· ¹¨.¨ö..¨,
¹¨.¨·..¨, ¹....¨ ¸| ¹.¨¹..¨. +| ·|·||·| |·|·||r| +
·| + + ~-| ·|||·||-|·| |+·| ·|·||-||+ ·| ||·||·| ||··||·| |-|·|| |··| ·|·|·| ·||·|| +
·||·|· ·|||+ ··|· |· ||·|||-|·| ·|·||||· |~|| ·| .|+||·|·| |+¸ ·|¸ :
8. 0 8. 0 8. 0 8. 0 8. 0 ªrr·rrººr ºr·rº·rrº+r + |-r¢ ªr¸-r-rr :
8.1.0 ºr·rº·rrº+r +| ·rr|·r+ ¤r-r ·ra+ (¢»r|¢-r) )) )) :
| |+ .||· |·|+ ·||| ·||-|+ .|··||| ·| |r-| ·| + +| + -| , |+|| | ·||
·||··| ·|·+|· ;|·| ·|||··| ·||, ~·|· 2002-03 ·|+ +| , |||·| + ~|·|
·| + ~|·|| |·|·| -|r| +| ·|, : .||· |·|+ ·||| ·||-|+ .|··||| + ·||· ·| +
·| |||·| ·| ·|·|||||r·| ~| · |-|·|| |··| ·|·|·|·||·|| + ·||·|· .||·||·| ·| ·|··||·+|
+| |||·| + ~|·| ·| + ~|·|| |·|·| +· ·r| r : ·| ·|··||·+| +| |·|·-||
||-| ~|·| ·| +| + ||·| | |||··| ·|· ·| . 4.0 + ~ ·|·| ·| |·¸ ·|¸ r :
º.z.c ªcr+ ¢+ªr-r»rr -r ªr¸-r|+ººr .
·| + + , |+|| ·| ·|·| +| |-|·-||-||·|·| ·|+ ¸+·|| ·|| ·| ·| ||·|, |+·||
·|·|| r :
·| + -| -||·| ` ·|··| + + ·|| + |·|+ ·| -·|||-| ººº.. ·|·||·||·|
~·| |·|| ~|·|·||-|| ·| ·|· ·|| ·||··| ·|·+|· +| ·||·| |+¸ r ·|| ~·| ||·|,
·||·|·| |·| r :
59
The trading of the Bank’s shares commenced on 09.10.2003.
The monthly high/low quotations and volume of the share trading
in The National Stock Exchange of India Ltd. (NSE), Bombay
Stock Exchange Ltd. (BSE) during the financial year 2011-12
were as follows :
8.3.0 Market price data/price performance of Bank’s share : º.º.. ·r+ + ºr·rº + ·rr»rrº- -- ---r¸-·r ¤r+= / / / / / -r¸-·r +| |ª·r|·r .
·| + + ·| ·|·| +| +·|||+·| |·-|| + ·.¨..¨¨¹ +| ·| ¬ r ~|: ||·||·|
|·| .¨. + ·| ·|-| · -| ·|-|-| ·|+ ¸+·|| ·| ~| + , |÷·|| |-|.
,¸-|¸·|, ), ·| ·|, ·|+ ¸+·|| ·| |-|. ,·||¸·|, ) ·| +·|||+·| |+¸ ·|¸
·| ·|·| +| ·|||·|+ ·|;|-|·-| ·||| ~| · ||··||·| |-|·-||-| ·||· ·r| ·
MOVEMENT OF SHARE PRICE VS NIFTY
|-r+c| +| ·r-r-rr -r ºr·rº -r¸-·r +r =·rrº-r«r·r
N
I
F
T
Y
S
H
A
R
E
P
R
I
C
E
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
NIFTY ·r¸+r ·r+ UCO BANK
~
·
|
-
|
·
|
,
·
|
-
|
·
|
-
|
|
,
~
·
|
·
·
|
|
·
|
·
|
·
|
·
~
·
·
|
·
-
|
|
·
|
·
|
·
·
|
·
|
·
·
|
-
|
·
|
·
|
+
·
·
|
·
|
·
|
|
|
º
r
·
r
º
-
r
¸-
·
r
r
l
Ü
x
e
MOVEMENT OF SHARE PRICE VS BANKEX
·r++ªr +| ·r-r-rr -r ºr·rº -r¸-·r +r =·rrº-r«r·r
B
A
N
K
E
X
S
H
A
R
E
P
R
I
C
E
A
p
r
-
1
1
M
a
y
-
1
1
J
u
n
-
1
1
J
u
l
-
1
1
A
u
g
-
1
1
S
e
p
-
1
1
O
c
t
-
1
1
N
o
v
-
1
1
D
e
c
-
1
1
J
a
n
-
1
2
F
e
b
-
1
2
M
a
r
-
1
2
º
r
·
r
º
-
r
¸-
·
r
~
·
|
-
|
·
|
,
·
|
-
|
·
|
-
|
|
,
~
·
|
·
·
|
|
·
|
·
|
·
|
·
~
·
·
|
·
-
|
|
·
|
·
|
·
·
|
·
|
·
·
|
-
|
·
|
·
|
+
·
·
|
·
|
·
|
|
|
·
r
+
+
ª
r
·r++ªr Bankex ·r¸+r ·r+ UCO BANK
60
·||r / Month ·| ·|, ·|+ ¸+·|| ·| / B.S.E -| ·|-|-| ·|+ ¸+·|| ·| / N.S.E
·| (`.) |-|·-| (`.) ||··||| ·| (`.) |-|·-| (`.) ||··|||
High(`.) Low(`.) Volume High(`.) Low(`.) Volume
~·| -|/Apr-11 121.85 103.60 10030063 120.15 104.45 58100397
·|,May-11 105.00 92.30 9817246 100.95 93.50 56586904
·| -|/Jun-11 101.75 86.90 3247819 100.10 87.90 24312433
·| -||,/Jul-11 98.10 84.50 5486174 97.85 84.90 33362628
~·|··|/Aug-11 86.40 62.20 4368244 84.40 64.70 28676844
|·|·| ·|·/Sep-11 75.50 63.25 6220137 73.50 65.35 35666791
~··|·/Oct-11 76.40 60.90 5015801 75.25 61.75 27883496
-|| ·|·/Nov-11 77.40 57.35 7559958 75.10 58.15 36440353
|··| ·|·/Dec-11 65.85 45.25 6947858 64.75 45.55 39823056
·|-||·|/ Jan-12 70.00 44.80 9264970 68.80 47.05 47820866
+·|·|/Feb-12 95.00 67.55 16761574 90.10 71.35 78140664
·|||/Mar-12 90.00 73.70 9956745 87.90 74.50 52640597
The Listing Fees have already been paid to the respective Stock
Exchanges.
8.4.0 iil·i ºi ·iª »i +=i / Per Share Data
-ii-i« = / Parameter 31.03.2011 31.03.2012
~ |+·| ·| -·| ,`) / Face Value (`) 10 10
·||·||· ·||| ,`) / Market Quotation (`) 107 ,¸-|¸·|, ·| ) (at NSE) 79.15 ,¸-|¸·|, ·| ) (at NSE)
·||·| ·| ·|· ~·| -| ,`) / Earning Per Share (`) 14.29 15.02
-||·|| ·| / Dividend (%) 30% 30%
8.5.0 Dematerialisation of the Shares
8.5.1 The equity shares of the Bank are available for trading
compulsorily in Demat form. The Bank has entered into an
agreement with NSDL and CDSL for dematerialisation of shares.
Shareholders can get their shares dematerialised with their
Depository Participants maintaining their account either with
NSDL or CDSL. The ISIN Code for the Bank’s equity share is
INE691A01018. The ISIN Code for Bank’s Preference Shares
i.e. PNCPS is INE691A04012.
The Annual Custodial Fees (2011-2012) for the securities have
been paid to NSDL and CDSL respectively.
8.5.2 Particulars of share in physical form & Demat held by
Shareholders as on 31
st
March, 2012
|||·| ·| ·|··||·+| +| ·| ··|| ·| ·|·| +| ·| ··|| ·| ·|· +| + -| ·| ··|| + ·||·|·|·| + ¬·| ·|
Particulars No. of Shareholders No. of Shares As % to Total No. of Shares
·|·| / Physical 81024 49834315 23.26
¸-|¸·|÷|¸-| / NSDL 193553 164588482 55.57
·||÷|¸·|¸-| / CDSL 73756 450289443 21.17
·rr ·r / Total : 348333 664712240 100.00
·| ·| |·|·| ·|+ ¸+·|| ·|| +| ·| ||+··| ·| -+ +| ·| ·|·||-| +· |··|| ·|·||
r :
8.5.0 ºi ·iªi +i »-i¸ ·ii+ªºi
8.5.1 ·| + + , |+|| ·| ·|· ~|-|||·| ¬ ·| ·| ÷|·| ¬ ·| ·| +·|-||+·|
|+¸ ·||-| r ·| ··|-|··| r : ·| ·|·| + ~·| ·||+·| + |-|¸ ·| + -| ¸-|¸·|÷|¸-|;
·||÷|¸·|¸-| + ·||·| +·|· |+·|| r : ·| ·|··||·+ ¸-|¸·|÷|¸-| ·|| ·||÷|¸·|¸-|
·| ·||·|| ··|-| ||-| |-|-| ·||·||· ·|r·|||·|·|| + ·||·| ~|-| ·| ·|·| +| ~·| ·||+·|
+·|| ·|+·| r : ·| + + , |+|| ·| ·|·| +| ~|, ¸·|~|, ¸-| + ~|, ¸-|, 691¸
01018 r : ·| + + ~|·|·||-|| ·| ·|· ·||-|| ·||¸-|·||·||¸·| +| ~|, ¸·|~|, ¸-|
+ ~|, ¸-|, ö·¸¨4¨. r :
·||·|·| |·|·|| + |-|¸ |||·| + ~|·|·-|| ·| -+ (2011-2012) +| ·| ·|·||-|
|-|-| ·||·||·| , ·||-|| ¸-|¸·|÷|¸-| ¸| ·||÷|¸·|¸-| +| |+·|| ·|| | +| r :
8.5.2 l«-ii + 31-rr-r 2012 +| l=·il·i + »-i =iiª ºi ·iª·iiª+i øiªi
-i¸ ·i ¢·i »-i¸ ·i = ·i -i ·iilª·i ºi ·iªi +i l·i·iªºi :
61
8.5.3 The Bank is functioning as a Depository Participant (D.P)
of National Securities Depository Ltd. (NSDL) through D.N. Road
Branch, Mumbai. The D.P. Services have since been extended
to cover wide range of customers through select branches namely,
India Exchange Place Branch, Kolkata, Ashram Road Branch,
Ahmedabad, Parliament Street Branch, New Delhi and KG Road
Branch, Bangalore, Chennai (Main) Branch and Banjara Hills
Branch, Hyderabad.
8.5.4 The Bank has not issued any GDRs/ADRs/Warrants or
any convertible instruments during the period under review.
8.6.0 Corporate Benefits/Dividend History
|·| ·· ,%) ·||·| ·| ·|· (`.) ·|··|;· ·| + -| ·||·| (`.·|)
Years Rate (%) Per Share (`.) Total Amount Paid/Payable (in `.)
2003-04 8 0.80 63,94,88,000
2004-05 10 1.00 79,93,60,000
2005-06 - - -
2006-07
,~ ·||··| ¸| ~ |·|·|) / (interim & final) 10 1.00 79,93,60,000
2007-08 10 1.00 79,93,60,000
2008-09 10 1.00 34,93,60,000
2009-10 15 1.50 82,40,49,405
2010-11 30 3.00 1,88,25,52,437
8.6.1 Transfer of Unpaid/Unclaimed Dividend amount to Investor
Education and Protection Fund (IEPF)
The Banki ng Compani es (Acqui si ti on and Transfer of
Undertaki ng) Act 2006 and Fi nanci al Insti tuti on Laws
(Amendment) Act 2006 which came into effect from 17
th
October
2006 provide that any dividend declared by the Bank before the
commencement of Act and to be declared in future and remaining
unpaid/unclaimed within a period of six months should be
transferred to Unclaimed Dividend Account. The Act also provides
that the dividend so transferred to Unclaimed Dividend Account
and remaining unpaid for seven years from the date of such
transfer shall be transferred to Investors Education & Protection
Fund established under sub-section (1) of Section 205C of the
Companies Act 1956.
Accordingly, the unpaid dividends for the year 2003-04,
2004-05, 2006-07, 2007-08, 2008-09, 2009-10 and 2010-11 have
already been transferred to “Unclaimed Dividend Account – UCO
Bank” maintained with UCO Bank, Banjara Hills, Hyderabad
Branch.
º:º ·| + ~|-|| ÷|.¸-|.·| ÷ ·||·||, ·| ·|, + ·||·¸ ·|· |·| .||·|·| |·|
|-|-| ||·||· |-||·| ÷ ,¸-|¸·|÷|¸-|) + |-|-| ||·||· ·|r·||·|| ,÷|.||.) +
¬ | ·| +|·| +· ·r| r : ÷|.||. ·| || |-|·-||-||·|·| ·r ~|·||·· ·||·||~|
·|·||, |÷·|| ¸+·|| ·| -| ·| ·||·||, +| -|+|·||, ~|·|·| ·| ÷ ·||·||, ~r·|·|·||·,
·| ·|· ·||·| ·||·||, -|, |·--||, + .·||. ·| ÷ ·||·||, ·| ·|-| ·, | --| ,·| ··|)
·||·||, | --| ·|·|| ·| ·||·| |r-·| ·||·||, r ··|·||· ·| ·|-|··| +·|, ·|, r
|·|·|·| ~|·|+||·|+ ·||r+ ··|+| -||·| ·| ·|+ :
º:« ·| + -| ·|·||-||·||-| ~||·| + ·| ·|-| +| , ·||÷|~|·;¸÷|~|·;||·
·|| +| , ||·|·| -||·| |-|·|·| ·||·| -|r| +| r :
8.6.0 +i·ii ª c -ii-i / -ii-ii ºi ·iª ·iªi
8.6.1 |-r·r ºr+·rr |ºr=rr v·r =r º=rr |-r|·r (¤r; ; ·r|v+) -r ¤<-r;<r·rr
º|r·r =rr-rr ºr ºr|ºr +r ¤ ·rººr
·| ++|·| + |-|| ,·|+·|| +| ~·| -| ~| · ~ ·|··|) ~|·||-|·|·|, .¨¨ö ¸|
¯ ~· ·|·, .¨¨ö ·| .|·|||| ||·||·| ·| ··||-| |||·| ,·| ·|| ·|-|) ~|·||-|·|·|
.¨¨ö ·| ·|r ·|·| |·|·| r |+ ·· ~|·||-|·|·| + .||· ·| r| -| ·| |r-| ·| +
;|·| ·|| |·|·| ·|| ·|||··| ·| ·|| |·|·| |+¸ ·||-| ||-| ~| · ·r ·|r|-| +| ~||·|
+ ·||·|· ~··|;·|||·|r·| ·r-| ||-| |+·|| ·|| -||·|| ·| +| ·|||·|r·|
-||·|| ·| ·||·| ·| ~ ·||··| +· |··|| ·||¸: ·· ~|·||-|·|·| ·| ·|r ·||
·|·| |·|·| r |+ ·|||·|r·| -||·|| ·| ·||·| ·| ,·| .|+|· ~ ·||··| ~| · ¸ ·|
~ ·|··| +| ·||·|·| ·| ·||·| |·| ·|+ ~··| ·r-| ||-| -||·|| ·| +| + ·|-||
~|·||-|·|·|, ·¯ö +| ·||·| .¨¯ ·| +| ·|·||·| ,) + ~·||-| ··||||·|
|-|| ·|+ |·|-|| ¸| ·| ·-|| |-||·| ·| ~ ·||··| +· |··|| ·||¸:
·|·-| ·||· |·| .¨¨¹¨4, .¨¨4¨¯, .¨¨ö¨¯ ,.¨¨¯¨-, .¨¨-
¨·, .¨¨·.¨¨ ·| +| ~··| -||·|| ·|, ·| ·||·| |r-·|,
r ··|·||· ·||·|| ·| ··| ·|¸ “·|||·|r·| -||·|| ·| ·||·|| ·| +| ·| +’’ ·|
~ ·||··| +· |··|| ·|·|| r :
62
The details of such unpaid dividend as on 31
st
March, 2012 are
as under :
|·| ~··| -||·|| ·| ||· +| ·| ··|| ·||·| (`.)
Year No. of Dividend Warrants Unpaid Amounts (`.)
2003-04 29930 4026298
2004-05 29471 5164642
2006-07 40061 6777532
2007-08 51983 8391246
2008-09 54631 8865069
2009-10 49490 11486079
2010-11 51504 23984532
8.7.0 Share Transfer System & Redressal of Investor’s
Grievances :
The Bank takes every care to ensure that all valid requests for
Transfer of Shares are duly complied within the period of one
month from the date of lodgement of the completed forms. The
Board of Directors has constituted the Share Transfer Committee
to consider Transfer/Transmission and requests for issuance of
duplicate Shares. The Bank has also constituted Shareholder’s
Grievance Redressal Committee to review the status of redressal
of Shareholder’s grievances and related matters. The status of
Shareholder’ Complaints as on 31.03.2012 is as under:
1. ~·| -|. +| |··||·| + ~·| ·||· -| |·|·| |·|+|·|·|
Pending complaints as on 1
st
April, 2011 01
2. ºº +| ·|·||··| |·| + ·| ·|·| ·| |··| |·|+|·|·|
Complaints received during the year ended on 31.03.2012 2674
3. ºº +| ·|·||··| |·| + ·| ·|·| |·|·||· ·|· |·|+|·|·|
Complaints disposed off during the year ended on 31.03.2012 2675
4. ºº| +| |··||·| + ~·| ·||· -| |·|·| |·|+|·|·|
Complaints pending as on 31.03.2012 ·| ··| / Nil
8.8.0 Registrars and Share Transfer Agent :
M/s. Karvy Computershare Pvt. Ltd., Hyderabad has been
appointed by the Bank as its Registrars and Share Transfer Agent.
All communications regarding change of address, change of
mandate, transfer of shares etc. may be addressed to them in
their following address:
M/s. Karvy Computershare Private Ltd.
(Unit : UCO Bank)
Plot Nos. 17 to 24 Vittal Rao Nagar
Madhapur, Hyderabad – 500 081
Telephone No. (040)23420815 to 0824, Ext- 14.
Fax No. (040)23420814
E.Mail ID : [email protected]
Website www.karvycomputershare.com
|·-|| + ¹ ·||| , .¨. +| |··||·| + ~-| ·||· ~··| -||·|| ·| +| |||··|
|-|·-||-| ·||· r ·
8.7.0 ºi ·iª » ·iªºi iiºii-i| ¢·i l-i·i ºi+i +| lºi+i·i·ii +i l-i·iiªºi
·| + ·|r ·| |-||·|·| +·-| + |-|¸ r· ·|·r +| ·|||·||-|| ·|··|·|| r |+
·| ·|·| + ~ ·|··| + |-|¸ ·|·|| | ·| ~-| ··|| +| |-|||-| | ·| ¬ | ·| ·|·
+|·|| + ·|·|| |+¸ ·||-| +| ·||·|·| ·| ¸+ ·||r + ·||·|· |||·||·| +·
|··|| ·||¸: |-|· ·|+ ·| ÷-| -| ·| ·|·| + ~ ·|··|;.| ·|·| ¸| ÷ |-|+ ·| ·|·
·||·| +·-| + ~-| ·| ·| |· ||||· +·-| + |-|¸ ·| ·|· ~ ·|··| ·||·||·| +|
·|-| |+·|| r : ·| + -| ·| ·|··||·+| +| |·|+|·|·|| ¸| ·-|·| ·| ·| |·|·|
·||·|-|| +| |··||·| +| ·|·||-|| +·-| + |-|¸ ·| ·|··||·+ |·|+|·|·| |-|||··|
·||·||·| +| ·|| ·|-| |+·|| r : |·-|| + ¹.¨¹..¨. +| |··||·| +
~-| ·||· ·| ·|··||·+| +| |·|+|·|·|| +| |||··| |-|·-||-| ·||· r
8.8.0 ªl=i=c iª »i ª ºi ·iª » ·iªºi ¢=i c :
·| + ;|·| ·| ·|·| +||| + ·| · ·| ·|· .||.|-|., r ··|·||· +| ~|-|| ·|·|· |·
~| · ·| ·|· ~ ·|··| ¸·| |-|·| · |+·|| ·|·|| r : |·| ·| ||·|·| -|, ~|·|· ·| ·|
||·|·| -|, ·| ·|·| + ~ ·|··| ~||· ·| ·| ·| |·|·| ·|·|| |~||||· ·-|·| ·-|+
|-|·-||-||·|·| |·| |· |+¸ ·||¸ ·
·| ·|·| +||| + ·| ··| ·|· .||.|-|.
,,+|, · ·| +| ·| +)
·|-|| -|. 17 ·| 24, ||,-|·|| -|·|·
·||·||·|·, r ··|·||· - 500 081
-||+| -| ·|. (040) 2342 0815 ·| 0824 ·|+, ¸+·| ·|-| - 14
+ +·| ·|. (040) 23420814
, .-·| -| ~|, ÷| : [email protected]
| ·|·||, www.karvycomputershare.com
63
9.0 Shareholding Pattern As on 31.03.2012
ºi ·iª·iiª+i +| ·i ºi| ·iiª+i +| =i ·iilª·i ºi ·iªi +| =i =·ii ; l+·ic| +i%
Category of Shareholders No. of holders No. of shares held % of equity
~/A. .||·| +; .||·| + ·|·| rþ/ Promoter/Promoter Group
·||··| ·|·+|· / Govt. of India 1 433336366 65.19
~|;B. ·|||·||-|+ ·|·|··|||··|| / B. Public Shareholding
1. =r =·rrv / Institutions
+;a. ··| | ~-| + ÷ / Mutual Funds 12 2617132 0.39
·|;b. ||·||·| ·| ··||¸ ;·| + / Financial Institutions/Banks 18 1267940 0.19
·|;c. ·||·|| +||-|·|| / Insurance Companies 17 93696759 14.10
·|;d. ||· ·|| ·| ··||·|·| |-|| ·|+ / Foreign Institutional Investors 77 23074512 3.47
2. ·r º=r =·rrv / Non-Institutions
+;a. +||| · |-|+|·| / Bodies Corporate 2102 21930515 3.30
·|;b. | ·||·+ ·|||··|| / Individuals holding
i. -||·| ` ·|+ ·|| + |·|+ ·| ·|· | ·||
Nominal share capital upto `1 lac 343944 74168007 11.17
ii. -||·| ` ·| ~|·|+ ·|| + |·|+ ·| ·|· | ·||
Nominal share capital above ` 1 lac 284 10840929 1.63
·|;c. -·||·| / Trust 20 483770 0.07
·|;d. ·|·||·|| ·|-| ·|···| / Clearing Members 249 1145349 0.17
÷;e. ~|-|||·|| ·||··||·| / Non-Resident Indians 1599 2150961 0.32
·rr ·r/ TOTAL 348333 664712240 100.00
9.1 Distribution of Shareholding as on 31.3.2012
·| || ,·||·| `. ·| ) ·| ·|··||·+| +| ·| . + -| ·| ·|··||·+| +| % + -| ·| ·|·| +| ·| . + -| ·| ·|·| +| %
Category No. of Share % to the total No. of Total % to the total
(Amt. in `.) Holders Shareholders Shares Shares
·| / From ·|+ / To
1 5000 324306 93.10 435767150 6,55
5001 10000 13887 3.99 112789980 1.70
10001 20000 5971 1.70 90172360 1.36
20001 30000 1559 0.45 40068200 0.60
30001 40000 730 0.21 26126910 0.39
40001 50000 482 0.14 23114150 0.35
50001 100000 753 0.22 54994220 0.83
100001 ·| ~|·|+;And above 645 0.19 5864089430 88.22
·rr ·r/ TOTAL 348333 100.00 6647122400 100.00
9.0 |·-|| + 31.03.2012 +| |··||·| + ~-| ·||· ·| ·|··|||··|| +| ·|¬ ·|:
9.1 l«-ii + 31.3.2012 +| l=·il·i + »-i =iiª ºi ·iª·iilª·ii +i l·i·iªºi:
10.0 Address for correspondence with Bank :
For any assistance regarding dematerialisation of shares, transfer
of shares, change of address, non-receipt of dividend, issuance
of duplicate share certificates etc., the investors can mail their
request/complaint to the Bank in the following address :
Telephone No. 44557227
Fax No. (033) 2248-5625
E.Mail Address :
[email protected]
Website : www.ucobank.com
10.0 ·i + + =ii·i ·i>ii-iiª +i ·i·ii :
·| ·|·| + ~·| ·||+·|, ·| ·|·| + ~ ·|·|, ·|·| ·| ·||·|·| -|, -||·|| ·| ·||··| -|
r| -| , ÷ |·-|+ ·| ·|· ·|·|||·|~| ·||·| |+¸ ·||-| ~||· ·| ·| ·| |·|·| |+·||
·|+|· +| ·|r|·|·|| + |-|¸ |-|| ·|+ ~·|-|| ~-| ·| ·|;|·|+|·|·| ·| + + ·||·|
|-|·-||-||·|·| ·|·| ·|· ·| ·| ·|+·| r ·
·|| ··|·| ·| | -·||
+ ·|-|| ·||||
·| +| ·| + : ·|·||-| +|·|| -|·|
||·| ||·||·|
. , |÷·|| ¸+·|| ·| ·-| ·|,
·||·|·| ·|-|, +| -|+|·||-700 001
-||+| -| ·| 44557227
+ +·| ·|. (033) 2248-5625
,-·| -| ·|·|| :
[email protected]
| ·|·||, : www.ucobank.com
Shri N Purna Chandra Rao
Company Secretary
UCO Bank : Head Office
Finance Department
2, India Exchange Place,
3
rd
Floor, Kolkata – 700 001
64
»i·iiª ªi lr·ii + »-i ·ii-i-ii·i ·ii ·iºii
DECLARATION ON COMPLIANCE WITH CODE OF CONDUCT
·| + ·| |·|· ·|+ ·| ÷-| + ·|·|| ·|···|| ·| ·| + + ·||| | ·| ·| ·|·| ~| + |-|· ~|||· ·| |r·|| |·|·|| |··| +| r ·| ·|r ·| + +| | ·|·||, ·|· ··|-|··| r
|·|· ·|+ ·| ÷-| + ·|···|| ·| +| · ·| ·| ·|·| ·| |··|| + ºº +| |··||·| + ~·| ·||· ~|||· ·| |r·|| + ~·| ·||-|·| +| ·| |· +| r
The Bank has laid down a Code of Conduct for all the Board members and Core Management of the Bank and which is posted on the
website of the Bank. The Board members and Core Management have affirmed compliance with the Code of Conduct as on 31.03.2012
For UCO Bank
(Arun Kaul)
Chairman & Managing Director
10.1 Exclusive e-mail ID for Investors’ Complaints :
In compliance with the SEBI guidelines, a dedicated e-mail
ID has been created for any complaints by the Investors/
Shareholders regarding UCO Bank Equity Shares/Payment
of Dividends etc. Any complaint by the Investors shall
be responded expeditiously along with necessary action
taken by the Compl i ance Offi cer. The e-mai l ID i s:
[email protected]. The e-mail ID is also been
posted in the website of the Bank.
11.0 Auditors Report on Corporate Governance
As required under Clause 49 of the Listing Agreement with the
Stock Exchanges, the Audit Certificate on Corporate Governance
for year 2011-12 issued by the Statutory Central Auditors is
submitted to the Board of Directors and the same is part & parcel
of the Corporate Governance Report 2011-12. (Anneuxre - 1)
12.0 CEO & CFO CERTIFICATE
The Certificate of CEO & CFO under Clause 49 of the Listing
Agreement is submitted to the Board of Directors and the same
is part & parcel of the Corporate Governance Report 2011-12.
(Anneuxre - 2)
For and on behalf of the Board of Directors
(Arun Kaul)
Chairman & Managing Director
10.1 l-i·i ºi+i +| lºi+i·i·i + l-i¢ l·iºi ·i ; - -- ---i -i »i; =| :
·||··||·| .||·|·| |·| ~| · |||-|·|·| ·|| ÷ + ·||·| ··|| |·|,| ·|| + ~-| ||-|-| ·|
·| +| ·| + , |+|| ·| ·|·;-||·|| ·| + ·| ·|·||-| ~||· + ·| ·| ·| ·| |-|| ·|+| ;
·| ·|··||·+| +| |+·|| |·|+|·|·| + |-|¸ ¸+ |||·|· , ·| -| ~|, ÷| ·| ·||·
|+·|| ·|·|| r : |-|| ·|+| +| |+·|| ·|| |·|+|·|·| +| ·|-· ·| ·|-· ··|·
|·¸ ·||-| + ·||·| r| ~-| ||-|-| ~|·|+|·| ;|·| ~||··|+ +|· ||, +|
·||¸·||: |||·|· , ·| -| ~|, ÷| |-|·-||-| ·||· r ·
[email protected] , -·| -| ~|, ÷| ·| + + | ·|·||, ·| ·||
··| |+·|| ·|·|| r :
11.0 +i·ii ª c »l-iºii=i-i ·iª -i =ii·iª|=i+i +| lª·ii c
· |+ ¸+·|| ·|| + ·||·| ·| ||+·| +·|· + ·| ÷ 49 + ~·||-| ·|·||·| |-|·|
·|| |||·|+ + --|·| -| ·||·|·|-|+| ;|·| |·| 2011-12 + |-|¸ +|·|| ·
~|·|·||·|-| ·|· -| ·||·|·||-|·| ·|·|||·|~| |·|· ·|+ ·| ÷-| +| ·| ··| ·| |+·||
·|·|| r ~| · ·|r +|·|| · ~|·|·||·|-| |··|| 2011-12 +| ~|·|·| ~ ·| r :
,~-| -|·-|+-1)
12.0 =i|; »i ¢·i =i|¢+»i +i ii-iiºi·i>i
·| ||+··| +·|· + ·| ÷ 4· + ~·||-| ·||, ~| ¸| ·||¸+~| +| .|·||·||~|
|-|· ·|+ ·| ÷-| + ·|·|-| .|··| ·| |+·|| ·||·|| r ~| · ·|r +||| · ~|·|·||·|-|
|·|| .¨. +| ~|·|·| ~ ·| r : ,~-| -|·-|+-2)
|-|· ·|+ ·| ÷-| + |-|¸ ~| · ··|+| ~| · ·|
(»=ºi +i -i)
~··|-| ¸| ·|·| ·| |-|· ·|+
+ ·| ·| +| ·| +
(»=ºi +i -i)
~··|-| ¸| ·|·| ·| |-|· ·|+
··||-| / Place: +| -|+|·|| / Kolkata
·||·|·| / Dated: 05
th
·|,/ May, 2012
65
~-| -|·-|+-I
+i·ii ª c »l-iºii=i-i =i =i ·i l·i·i -i =ii·iª|=i+ +i ii-iiºi·i>i
|-|· ·|+ ·| ÷-|,
·| +| ·| +,
·|·||-| +|·|| -|·|,
10, ||.~|.·|. ·|·||
+| -|+|·||-700001
r·|-| |||·|--| ·|+ ¸+·|| ·|| + ·||·| |+¸ ·|¸ ·| ||+·| +·|· + ·| ÷ 49 ·| ·|·|||||-||· · 31 ·|||, 2012 +| ·|·||··| |·| + |-|¸ ·| +| ·| + ;|·|
+|·|| · ~|·|·||·|-| +| ·|·|| + ~-| ·||-|-| +| ·|| | +| r :
+|·|| · ~|·|·||·|-| +| ·|·|| + ~-| ·||-|-| +| |·|··| ·|·| ·|·| ·|-| +| r : r·||·| ·|| | +|·|| · ~|·|·||·|-| +| ·|·|| +| ~-| ·||-|-| ·| |-||·|·| +·-| r ·| ·| +
;|·| ~·|-||, ·|, |+·|||||·| ~| · ··|+ +|·|| -|·|-| ·|+ r| ·|||·|·| ·r|: ·|r -| ·|| -| ·||·|·|-|| ~| · -| r| ·| + + ||·||·| |||·| + ·||· ·| ·|·| +|
~|·|·||· r :
·| + ;|·| ·|||··| ~|·|-| ·|| ~| · ···||| ·|| + ·||· ·| r·||·| ·|·||-|| ·|·|| r·| ·| ·|, ·| |-|| ¸| ··|·|+·| + ~|·||· ·|· r·||·| ·|·| ·| ·|·|| r·||·|
·||| ·|·| ·||-|+|·| + ~|·||· ·|· ~| · r·| |·¸ ·|¸ ··|·|+·| + ~-| ·||· r·| ·|r ·|·||||·| +··| r |+ ·| + -| ··|·| · ·| ||+·| +·|· ·| ·|·|||||-||· ·
+|·|| · ~|·|·||·|-| +| ·|·|| +| ~-| ·||-|-| ··| r· ·|+ |+·|| r |+ | ·||.|·.·| + + |··|||-|· ·|| +| ~|·|+·|| -|r| +··| r :
r·| ·|r +|·|·| +··| r |+ ·| ·|··||·+/|-|| ·|+ |·|+|·|·| ·||·||·| ;|·| ·|||··| ~|·|-| ·|| + ~-| ·||· ··|·|| ·| -·||·||-|·| ·| -| |·|·| º ·||·|-|| + ~|·||··
|·-|| + º ·||| , +| |··||·| + ~-| ·||· ·| + + ||·, +| , ·|| |-|| ·|+ |·|+|·|·| ¸+ ·||r ·| ~|·|+ ·|·|·| ·| -| |·|·| -|r| r :
r·| ~|·| ·|r ·|| +|·|·| +··| r |+ ·|r ~-| ·||-|-| ·| + + +|·| ·| ·||·-| ·| ·|·| ·|-| +| ·-|·|| ·|| ·|·||||·|| r·| ·| + +| ·|||| -||·|·|··|| + ·||· ·| +| ,
~|·||·|-| -|r| r :
+ ·| +| |·| ¸ ÷ + ·|-||
·|-|·| -| ·||+|·
·| ·||·|·| ·| ºº,
(·|-|·| -| ·||+|· ·|| ·|·| ·|·|·||)
·||·||·|·
·|···|·|| ·|.15289
+ ·| ·||| ·|| ¸ ÷ +| -|
·|-|·| -| ·||+|·
·| ·||·|·| ·| :ºº«··|
(·|-|·| -| ·||+|· ·||·|·| + ·| )
·||·||·|·
·|···|·|| ·|.090758
+ ·| ··|·||· ··|| |·|· ·|
·|-|·| -| ·||+|·
·| ·||·|·| ·| ººº~,
(·|-|·| -| ·||+|· ¸·|.·| ·|| ·||··||·|)
·||·||·|·
·|···|·|| ·|.11517
+ ·| | · ¸ ÷ + ·|-||
·|-|·| -| ·||+|·
·| ·||·|·| ·| -··|
(·|-|·| -| ·||+|· ·| ·|| ·| ··||)
·||·||·|·
·|···|·|| ·|.098551
+ ·| ·|·|·| ··|| ¸ ÷ ··|| |·|· ·|
·|-|·| -| ·||+|·
·| ·||·|·| ·| ··|
(·|-|·| -| ·||+|· ·|·|| |·|·-|)
·||·||·|·
·|···|·|| ·|. 504111
+ ·| ·| ··|| ·|·|| ¸ ÷ ··|| |·|· ·|
·|-|·| -| ·||+|·
·| ·||·|·| ·| «~~··|
(·|-|·| -| ·||+|· ||-|·| ·|·|+)
·||·||·|·
·|···|·|| ·|. 087262
··||-| : +| -|+|·||
|·-|| + : 5 ·|,, 2012
66
Anneuxre - I
Auditor’s Certificate on Corporate Governance
For Baweja And Kaul
Chartered Accountants
Registration No. 005834N
(CA Samvit K. Gurtoo)
Partner
Membership No. 090758
For Kothari & Co.
Chartered Accountants
Registration No 301178E
(CA Gautam Banerjee)
Partner
Membership No. 15289
For SBA Associates
Chartered Accountants
Registration No. 308136E
(CA S. Mukhopadhyay)
Partner
Membership No. 11517
For Dass Gupta & Associates
Chartered Accountants
Registration No. 000112N
(CA Raaja Jindal)
Partner
Membership No. 504111
For Gupta Sharma & Associates
Chartered Accountants
Registration No. 001466N
(CA Vinay Saraf)
Partner
Membership No. 087262
For Ved And Company
Chartered Accountants
Registration No. 012019N
(CA Pooja Gupta)
Partner
Membership No. 098551
Place: Kolkata
Dated: 05
th
May, 2012
To
The Board of Directors,
UCO Bank
Head Office,
10, B.T. M. Sarani
Kolkata – 700 001
We have examined the compliance of conditions of Corporate Governance by UCO Bank for the year ended 31
st
March, 2012, as
stipulated in clause 49 of the Listing Agreements entered into with various Stock Exchanges.
The compliance of the 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 conditions of Corporate Governance.
It is neither an audit nor an expression of opinion of the Financial Statements of the Bank.
On the basis of our review of records and documents maintained by the Bank and the information and explanations given us, in our
opinion and to the best of our information and according to explanations given to us, we certify that the Bank has complied with the
conditions of Corporate Governance as stipulated in the above mentioned listing agreements to the extent these do not violate RBI
guidelines.
We state that no investor grievance is pending for a period exceeding one month as on 31
st
March, 2012 against the Bank as per the
records maintained by the Shareholders/Investors Grievance Committee.
We further state that such compliance is neither an assurance as to the future viability of the Bank for the efficiency or effectiveness
with which the management has conducted the affairs of the Bank.
67
~-| -|·-|+-II
|-|· ·|+ ·| ÷-|
·| +| ·| +
·|·||-| +|·|| -|·|
+| -|+|·||
l·i·i·i : =ci + ¢+=i-i =i + =ii·i =i¸ -i|+ªºi +ªiª + =i = 4a + =·i- -- --=i = V + »-i ·ii-i-i -i =i|; »i ;=i|¢+»i +i ii-iiºi ·i>i
·|r| ··|,
·· + ~-| ·||-|-| ·| r·| |-|·-| ·|+|· ·| ·|·||||·| +··| r :
+) r·|-| ·| + + |·| + ||·||·| |||·| ·|·|| -|+·| ·|||r |||·| +| ·|·||-|| +| r ~| · r·||·| ·||| ·|·| ·||-|+|·| ¸| ||·||·| +
~-| ·||·
i. ,-| |||·|| ·| +| , ·|||·|+ ~·|··| |||·| ~ ·||| · -|r| r ·|| |+·|| ·|||·|+ ·|··| +| ·| ÷| -|r| ·|·|| r ·|| +| , ·||·|+ |||·|
~ ·||| · -|r| r,
ii. ·| ·| -|| |||·| ·| + + |+·||+-||·|| +| ·|r| ¸| ·||·| ·||·,··| ·|··| ·| +··| r ~| · ·| ||··||-| -| ·|| +-| ·||-|+| (·|| |||·|+ + -|·|
-| ·||·|·|-|+| ,|·| ·| ··| ·| -| ·||·|·|-|| |··|| |··|| + :: ·| ·|·|| ·|--||·|·| ···|- +| ·| ÷ +· ), -||·| |||·|·|| ¸| |||-|·|·||
+ ~-| ·||-|-| ·| r :
·|) r·||·| ·||| ·|·| ·||-|+|·| ¸| ||·||·| + ~-| ·||· |·| 2011-12 + ·| ·|-| ·| + ;|·| ¸ ·|| +| , -| -|· -| -|r| |+·|| ·|·|| r ·|| +·|·| | ,
~|-|·||·|·| r ·|| ·| + +| ~|||· ·| |r·|| +| ~|·|+·|| +··|| r :
·|) r·| ~| ·||·+ |-|·| ~|| ··|||·|·| +·-| ¸| ·|-||¸ ··|-| +| ··|··||·|·| ·||+|· +··| r ·|·|| r·|-| ·| + +| ~| ·||·+ |-|·| ~|| ·|||-|| +|
·|·|||| ··||·+·|| +| ·| -·|| +-| |+·|| r :
·|) r·|-| -| ·||·|·|-|+| +| |-|·-||-||·|·| ·| ~|·|·| +·|·|| r :
i. |·| 2011-12 + ·| ·|-| ~| ·||·+ |-|·| ~|| ·| ·--| ·|-||·| ·||·|·| -|
ii. |·| + ·| ·|-| -| ·|| +-| -|||·|·|| ·| ·--| ·|-||·| ·||·|·| -| ·|·|| ··|+| ·|+|+·| ||·||·| |||·| ·| ·| ·| |·|·| -|| ·| |+·|| ·|·|| r ; ~| ·
iii. r·||·| ·||-|+|·| ·| ~|¸ ·--| ·|-||·| +·| + ·||·|-| ~| · ··|·| ·|·| ·|-| ·|| ·| + +| ~| ·||·+ |-|·| ~|| ·|||-|| ·| ·--| ·|-||·| ·| |·|+|
~·| +·-| ||-| |+·|| +·| ||·| +| ,·||· +| , r| , ~ ·|·| ··|·||:
·||·|·|,
,~··| +| -|)
~··|-| ¸| .|·| ·| |-|· ·|+
,·| ··| +|·| ||-|+ ~|·|+|·|)
,~|· ·| ·||r··|)
·|r|.|·|·|+ ,||·|)
,·| ··| ||·| ~|·|+|·|)
··||-| : +| -|+|·||
|·-|| + · : ·|, .
68
To
The Board of Directors
UCO Bank
Head Office
Kolkata
Sub: CEO/CFO Certification in compliance to Sub Clause V of Clause 49 of the Listing Agreement with Stock Exchange
Sirs,
In compliance to above, we certify as under:
a) We have reviewed the financial statements and cash flow statement of the Bank for the year 2011-12 and to the best of our
knowledge and belief
i. these statements do not contain any materially untrue statement or omit any material fact or contain statement that
might be misleading;
ii. these statements together present a true and fair view of the Bank’s affairs and are in compliance with existing
accounting standards, (except AS-9 as commented by the Statutory Central Auditors, in their Audit Report dated
05.05.2012), applicable laws and regulations.
b) There are to the best of our knowledge and belief no transaction enter into by the Bank during the year 2011-12 which are
fraudulent, irregular or violating of Bank’s Code of Conduct.
c) We accept responsibility for establishing and maintaining internal control and we have evaluated effectiveness of the
internal control systems of the Bank.
d) We have indicated to the auditors :
i. significant changes in internal control during the year 2011-12;
ii. significant changes in accounting policies during the year and the same have been disclosed in the notes to the
financial statements; and
iii. instances of significant fraud which we have become aware and the involvement therein, if any, of the management or
an employee having a significant roles in the Bank’s internal control system.
Anneuxre - II
Yours faithfully,
(Arun Kaul)
Chairman & Managing Director
(Chief Executive Officer)
(R Prabaharan)
General Manager (Finance)
(Chief Financial Officer)
Date : 05
th
May, 2012
69
vq â se YJk =u l=trhgtk »-i ªi¸ ·il 111zu1z 111zu11
+l lª·il·i +l lª·il·i
CAPITAL AND LIABILITIES Schedule As on As on
31.3.2012 31.3.2011
< <
| ·||
Capital 1 2487 71 22 2450 51 75
~|·|-||·|·|| ~| · ~|·|·| ·|
Reserves & Surplus 2 6125 72 11 4968 70 48
|-|-||
Deposits 3 154003 48 97 145277 60 18
··||·
Borrowings 4 12901 42 20 5474 77 38
~-·| · -|·||··|| ~| · ·|||·||-|
Other Liabilities & Provisions 5 4980 05 41 5226 85 53
·ii ·i /TOTAL 180498 39 91 163398 45 32
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000’s omitted)
11 -ii·i , zu1z +l lª·il·i + »-i ªiiª ·i -i-i·i>i
BALANCE SHEET AS ON 31ST MARCH, 2012
+ ·i ·ii·i =ii ¢ = +i -i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 005834¸-|
For Baweja And Kaul
Chartered Accountants
Registration No. 005834N
,·|-|·| -| ·||+|· ·||·|·| Eä ò. MÉÖ ]Ú )
·||·||·|·
·|···|·|| ·|.090758
(CA Samvit K. Gurtoo)
Partner
Membership No. 090758
+ ·i +i aiªl ¢ = + ·i-il
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 301178,
For Kothari & Co.
Chartered Accountants
Registration No 301178E
,·|-|·| -| ·||+|· MÉÉèiÉ¨É ¤ÉxÉVÉÔ)
·||·||·|·
·|···|·|| ·|.15289
(CA Gautam Banerjee)
Partner
Membership No. 15289
+ ·i ¢=i·i|¢ ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 308136,
For SBA Associates
Chartered Accountants
Registration No. 308136E
,·|-|·| -| ·||+|· BºÉ. ¨ÉÖJÉÉä{ÉÉvªÉɪÉ)
·||·||·|·
·|···|·|| ·| .11517
(CA S. Mukhopadhyay)
Partner
Membership No. 11517
+ ·i «i=i ·i ··ii ¢ = ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 000112¸-|
For Dass Gupta & Associates
Chartered Accountants
Registration No. 000112N
,·|-|·| -| ·||+|· ®ÉVÉÉ ËVÉn±É)
·||·||·|·
·|···|·|| ·|.504111
(CA Raaja Jindal)
Partner
Membership No. 504111
+ ·i ·i ··ii ºi-ii ¢ = ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 001466¸-|
For Gupta Sharma & Associates
Chartered Accountants
Registration No. 001466N
,·|-|·| -| ·||+|· Ê´ÉxÉªÉ ºÉ®É¡ò)
·||·||·|·
·|···|·|| ·|.087262
(CA Vinay Saraf)
Partner
Membership No. 087262
+ ·i ·i « ¢ = + ·i-i|
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 012019¸-|
For Ved And Company
Chartered Accountants
Registration No. 012019N
,·|-|·| -| ·||+|· {ÉÚ VÉÉ MÉÖ {iÉÉ)
·||·||·|·
·|···|·|| ·|.098551
(CA Pooja Gupta)
Partner
Membership No. 098551
Kolkata, the 5th May, 2012
+| -|+|·||, 05 ¨É<Ç, 2012
70
11 -ii·i , zu1z +l lª·il·i + »-i ªiiª ·i -i-i·i>i (sthe)
BALANCE SHEET AS ON 31ST MARCH, 2012 (CONTD.)
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000’s omitted)
»ilª·i·ii »-i ªi¸ ·il 111zu1z 111zu11
+l lª·il·i +l lª·il·i
ASSETS Schedule As on As on
31.3.2012 31.3.2011
< <
»ilª·i·ii / ASSETS
-|+·| ~| · ·||··||·| |··|| ·| + ·| ~|·|·| ·|
Cash and Balances with Reserve Bank of India 6 7811 52 92 10404 02 62
·| + ·| ~|·|·| ·| ~| · ·|| ·| ¸| ~-| ·| |-|| |· ·|.· · ·||·
Balances with Banks and Money at Call and Short Notice 7 5792 15 54 6576 40 56
|-|| ·|
Investments 8 45771 49 52 42927 28 29
~|·|·|
Advances 9 115540 01 02 99070 81 36
|··|· ~||··|·||
Fixed Assets 10 801 54 98 738 87 15
~-·| ~||··|·||
Other Assets 11 4781 65 93 3681 05 34
·ii·i / TOTAL 180498 39 91 163398 45 32
~|+|··|+ · ·|||·
Contingent Liabilities 12 48527 21 93 51371 14 11
Bills for Collection ; ·|·||r··| + |-|¸ |·|-| - 3547 47 43 2641 01 40
·| ||·| ·||-|
|-|· ·|+
PRAVIN RAWAL
Director
·|-.| ·-| · +·
|-|· ·|+
SMT. UMA SHANKAR
Director
~··· +| -|
~··|-| ¸| .|·| ·| |-|· ·|+
ARUN KAUL
Chairman & Managing Director
¸·.¸-|.- ||··
|-|· ·|+
S.L. MORRIS
Director
--| ¬ + -|· · -.|
|-|· ·|+
MANOJ KUMAR GUPTA
Director
~|·. ¸. ·-|
|-|· ·|+
R. A. SHARMA
Director
¸·. ·-·· ··-
+|·| ||-|+ |-|· ·|+
S. CHANDRASEKHARAN
Executive Director
¸-. ~|·. ··|-|·|··-
+|·| ||-|+ |-|· ·|+
N.R.BADRINARAYANAN
Executive Director
~|·. ·-|-··
--|·· -+
R. PRABAHARAN
General Manager
·|. ¬|. ¬| ·|
·· --|·· -+
P. G. JOSHI
Deputy General Manager
71
11 -ii·i , zu1z +i ªi-ii··i ·i·i + l-i¢ -ii-i »i ª ril-i -i =ii
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2012
»-i ªi¸ ·il 111zu1z 111zu11
+i ªi-ii··i ·i·i +i ªi-ii··i ·i·i
Schedule Year Ended Year Ended
31.3.2012 31.3.2011
< <
I. »i·i /INCOME
~|·|·| ··||·| /Interest Earned 13 14632 37 15 11370 80 24
~-·| ~|·| /Other Income 14 965 55 51 925 41 35
·ii ·i / TOTAL 15597 92 66 12296 21 59
II. ··i·i /EXPENDITURE
·|·| |+·|| ·|·|| ··||·| ;Interest Expended 15 10730 27 03 7525 88 58
·|··|-|- ·· /Operating Expenses 16 2056 23 48 2075 36 67
·| ||·||-| ~| · ~|+|··|+ ·|·| /Provisions & Contingencies 1702 74 77 1788 42 30
·ii ·i / TOTAL 14489 25 28 11389 67 55
III. -ii-i/ril-i / PROFIT / LOSS
|·| +| |-||-| -||·|/,r||-|) / Net Profit/(Loss) for the Year 1108 67 38 906 54 04
~·| |-||| -||·|/,r||-|, / Profit/(Loss) Brought Forward 1685 17 03 1348 98 04
·ii ·i / TOTAL 2793 84 41 2255 52 08
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000’s omitted)
Kolkata, the 5th May, 2012
+| -|+|·||, 05 ¨É<Ç, 2012
+ ·i ·ii·i =ii ¢ = +i -i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 005834¸-|
For Baweja And Kaul
Chartered Accountants
Registration No. 005834N
,·|-|·| -| ·||+|· ·||·|·| Eä ò. MÉÖ ]Ú)
·||·||·|·
·|···|·|| ·|.090758
(CA Samvit K. Gurtoo)
Partner
Membership No. 090758
+ ·i +i aiªl ¢ = + ·i-il
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 301178,
For Kothari & Co.
Chartered Accountants
Registration No 301178E
,·|-|·| -| ·||+|· MÉÉèiÉ¨É ¤ÉxÉVÉÔ)
·||·||·|·
·|···|·|| ·|.15289
(CA Gautam Banerjee)
Partner
Membership No. 15289
+ ·i ¢=i·i|¢ ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 308136,
For SBA Associates
Chartered Accountants
Registration No. 308136E
,·|-|·| -| ·||+|· BºÉ. ¨ÉÖJÉÉä{ÉÉvªÉɪÉ)
·||·||·|·
·|···|·|| ·| .11517
(CA S. Mukhopadhyay)
Partner
Membership No. 11517
+ ·i «i=i ·i ··ii ¢ = ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 000112¸-|
For Dass Gupta & Associates
Chartered Accountants
Registration No. 000112N
,·|-|·| -| ·||+|· ®ÉVÉÉ ËVÉn±É)
·||·||·|·
·|···|·|| ·|.504111
(CA Raaja Jindal)
Partner
Membership No. 504111
+ ·i ·i ··ii ºi-ii ¢ = ¢=ii l=i¢c =i
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 001466¸-|
For Gupta Sharma & Associates
Chartered Accountants
Registration No. 001466N
,·|-|·| -| ·||+|· Ê´ÉxÉªÉ ºÉ®É¡ò)
·||·||·|·
·|···|·|| ·|.087262
(CA Vinay Saraf)
Partner
Membership No. 087262
+ ·i ·i « ¢ = + ·i-i|
·|-|·| -| ·||+|·
| ·||·|-| ·| ··|| 012019¸-|
For Ved And Company
Chartered Accountants
Registration No. 012019N
,·|-|·| -| ·||+|· {ÉÚ VÉÉ MÉÖ {iÉÉ)
·||·||·|·
·|···|·|| ·|.098551
(CA Pooja Gupta)
Partner
Membership No. 098551
72
11 -ii·i , zu1z +i ªi-ii··i ·i·i + l-i¢ -ii-i »i ª ril-i -i =ii (sthe)
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2012 (CONTD.)
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000’s omitted)
IV. rJrlgtusl/ APPROPRIATIONS
·|| |||·|+ ~|·|-||| ·| ~ |··|/Transfer to Statutory Reserves 277 16 85 226 63 51
·| ·|| ~|·|-||| ·| ~ |··|/Transfer to Capital Reserves 7 86 21 4 94 19
·| ·||||| -||·|| ·|/Proposed Dividend 342 19 15 290 52 15
.|··||||·| -||·|| ·| |· +·;Tax on Proposed Dividend 55 51 20 48 25 20
~|·|·| ·| ·|| ~|·| ·| -|-||~| ·| -| ·||·|| ·|·|| r
Balance Carried over to Balance Sheet 2111 11 00 1685 17 03
·ii ·i /TOTAL 2793 84 41 2255 52 08
-i =·i -i =ii -ill·i·ii / Principal Accounting Policies 17
-i =i + ªi ·i ·i -i lc··iºil/ Notes on Accounts 18
·| -| ¸| -·| -||+ ·| , ·| ¸· / Basic & Diluted EPS <15.02 <14.29
r·||·| ·|·||·-|| |+·| |·|| + ~-| ·||·
~-| ·| || ·| - -| ·| + ~|·|·| ~ ·| r
The Schedules 1 to 18 form an integral part of the accounts
as per our Report of even date
»-i ªi¸ ·il 111zu1z 111zu11
+i ªi-ii··i ·i·i +i ªi-ii··i ·i·i
Schedule Year Ended Year Ended
31.3.2012 31.3.2011
< <
·| ||·| ·||-|
|-|· ·|+
PRAVIN RAWAL
Director
·|-.| ·-| · +·
|-|· ·|+
SMT. UMA SHANKAR
Director
~··· +| -|
~··|-| ¸| .|·| ·| |-|· ·|+
ARUN KAUL
Chairman & Managing Director
¸·.¸-|.- ||··
|-|· ·|+
S.L. MORRIS
Director
--| ¬ + -|· · -.|
|-|· ·|+
MANOJ KUMAR GUPTA
Director
~|·. ¸. ·-|
|-|· ·|+
R. A. SHARMA
Director
¸·. ·-·· ··-
+|·| ||-|+ |-|· ·|+
S. CHANDRASEKHARAN
Executive Director
¸-. ~|·. ··|-|·|··-
+|·| ||-|+ |-|· ·|+
N.R.BADRINARAYANAN
Executive Director
~|·. ·-|-··
--|·· -+
R. PRABAHARAN
General Manager
·|. ¬|. ¬| ·|
·· --|·· -+
P. G. JOSHI
Deputy General Manager
73
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< < < <
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
¤-r =r¸ -r| 1 ·r¸ ¤r|
Schedule 1 — CAPITAL
·rr|·r+ ·r ·r¸ ¤r| Authorised Capital
. ··. + < ìº- + :,..,..,... : |+·.·| -. ·.·
75,00,00,000 Equity Shares of < 10/- each 750 00 00 750 00 00
225,000 ·| ·||·||·| ~·| |·||
225,000 Perpetual Non-Cumulative
.|··| + ,..,.../ < + ~|·|·||-|| ·| ·|·
Preference Shares of < 1,00,000/- each 2250 00 00 3000 00 00 2250 00 00 3000 00 00
|-r·r |-r·r, ¤|-r«-r ·r ir«-r ·r¸ ¤r|
Subscribed, Issued and Paid up Capital
·|·| + < ìº- + ··.+:.ì...+º (·..:·.ì:.+:º) , |+|·| ·| ·|·
66,47,12,240 (62,75,17,479 ) Equity Shares of < 10/- each 664 71 22 627 51 75
(+ -- ·|·+|· ;|·| ·|||··| 4¹,¹¹,¹ö,¹öö
,4.,¯¯,¯,4¯·) ·| ·|· ,·|·| ·|||·|-| r ¦
[includes 43,33,36,366 (42,75,17,479) shares
held by Central Govt.]
~|·|·||-|| ·| ·|· ?Àgu fU < 1,00,000 fu U ,ºº,º.. (,ºº,º..)
Ju rbgt=e ymk·|ge ,+ -- ·|·+|· ;|·| ·|||··|)
1,82,300 (1,82,300) Perpetual
Non-Cumulative Preference Shares
of< 1,00,000/- each 1823 00 00 2487 71 22 1823 00 00 2450 51 75
(Entirely Held by Central Govt.)
·rr ·r /TOTAL 2487 71 22 2450 51 75
74
I. =rr |·r|·r+ ¤rº|=r|·r·rr Statutory Reserves:
~·|·| ·|Opening Balance 1170 76 32 944 12 81
|·| + ·| ·|-| ·||·|·| -|Addition during the year 277 16 85 226 63 51
1447 93 17 1170 76 32
1447 93 17 1170 76 32
II. ·r¸ ¤r| ¤rº|=r|·r·rr Capital Reserves :
~, ·| ·||·|| ·| ||·|
a) Capital Gain
~·|·| ·| Opening Balance 1 17 00 1 17 00
~|, |-|| ·| /b) Investment :
~·|·| ·| Opening Balance 281 03 58 276 09 39
-||·| ~| · r||-| -| ·| ·| ~ |··|
Transfer from Profit & Loss Account 7 86 21 4 94 19
288 89 79 281 03 58
288 89 79 281 03 58
< |=·rº ¤r|=·r·rr +r ·r -r-r¸ -·r-r
c) Revaluation of Fixed Assets :
~·|·| ·| Opening Balance 584 09 62 576 79 54
|·| + ·| ·|-| ·||·|·| -|/Addition during the year 23 90 12 -
607 99 74 576 79 54
|·| +| ·|·|||·| ·|· ·|| ·| ·| ·· ·|· ||· ·||
·||·||~| mu mkckr"; ·|·||·|| ·|-|
Adjustment on account of Foreign
branches at rates as at year end. 25 21 24 15 73 26
633 20 98 592 52 80
·||··|· +| |·|+ | ·|· +·| ||
Deduction on sale of premises - 8 43 18
633 20 98 584 09 62
|·| +| ·|·|||·| |+ ·| -|·| -·|-| +
+|··| ~|-|·|·| +| ·|·||·|| ·|-|
Depreciation upto year end
on revaluation adjusted 139 09 12 133 31 74
494 11 86 450 77 88
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< < < <
¤-r =r¸ -r| z ¤rº|=r|·r·rr ¤r º ¤|·rºr ·r
Schedule 2 — RESERVES & SURPLUS
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
75
III. ·| ·|· ·| ||·|·|·| /Share Premium
~·|·| ·| / Opening Balance 901 84 25 40 00 00
JMo fu U =ti htl vrhJ"o l
Addition during the year 269 62 48 861 84 25
1171 46 73 901 84 25
IV. ·|·|·| ·| ~-·| ~|·|-|||·|| /
Revenue & Other Reserves
~/ a) ·||·||-·| ~|·|-||| / General Reserve :
~·|·| ·| /Opening Balance 399 73 03 399 73 03
-||·| ~| · r||-| -| ·| ·| ~ |··|
Transfer from Profit & Loss Account - -
|||-|·||-| ·||··|« || ~|·|-||| ·| ~ |··|
Transfer from Investment Fluctuation Reserve - -
399 73 03 399 73 03
399 73 03 399 73 03
~|) ||· ·|| ·| -| ~ |··| ~|·|-|||
b) Foreign Currency Translation Reserve
~·|·| ·|/Opening Balance 78 21 39 52 02 25
·|| ÷ .|||-|·|·| ··| | -| ·|| ·| ~ |··|
Add: Transfer from Exchange Suspense A/c 133 08 14 26 19 14
|·| + ·| ·|-| ·||·|·| -|/Addition during the year - -
211 29 53 78 21 39
|·| + ·| ·|-| +·| ||/Deduction during the year - -
211 29 53 78 21 39
V. -||·| ·| ·| /Balance of Profit
~·|·| ·| / Opening Balance 1685 17 03 1348 98 04
-||·| ~| · r||-| -| ·| ·| ~ |··|
Transfer from Profit & Loss Account 425 93 97 336 18 99
2111 11 00 1685 17 03
·rr·r ( l =r v ·r+j / TOTAL(I to V) 6125 72 11 4968 70 48
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
¤-r =r¸ -r| z ¤rº|=r|·r·rr ¤r º ¤|·rºr ·r (sthe)
Schedule 2 — RESERVES & SURPLUS (Contd.)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< < < <
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
76
¤-r =r¸ -r| a |-r=r ·r
Schedule 3 — DEPOSITS
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
¤.A. I. -rr·r |-r=r·r /Demand Deposits
i) ·|+| ·|/From Banks 583 15 47 212 84 73
ii) ~-·| ·| /From Others 7497 48 87 7459 89 12
II. ·r-r·r ·r+ |-r=r·r/Savings Bank Deposits 26322 35 05 24358 39 23
III. +r|-r+ |-r=r ·r/Term Deposits
i) ·| +| ·| /From Banks 17544 53 24 14233 15 08
ii) ~-·| ·| /From Others 102055 96 34 99013 32 02
·rr ·r /TOTAL(I, II & III) 154003 48 97 145277 60 18
¤r.B. i) ·||·| ·| ·||·||~| + |-|-| ·| Deposits of Branches in India 142016 95 57 136414 49 26
ii) ·||·| + ·||r· +| ·||·||~| + |-|-| ·|
Deposits of Branches outside India 11986 53 40 8863 10 92
·rr ·r /TOTAL 154003 48 97 145277 60 18
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
¤-r =r¸ -r| 4 =·rrº
Schedule 4 — BORROWINGS
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
I. -rrº·r -r =·rrº /Borrowings in India
i) ·||·||·| |··|| ·| +/Reserve Bank of India 6715 00 00 -
ii) ~-·| ·| +/Other Banks 13 68 15 21
iii) *~-·| ·| ··||· ~| · ~|·|+··|
* Other Institutions and Agencies 5246 48 54 5143 31 44
II. -rrº·r + ·rrrº =·rrº /Borrowings outside India 939 79 98 331 30 73
·rr·r (l {·r llj / TOTAL (I & II) 12901 42 20 5474 77 38
=·|· | ~| · || ·| ·|||·|-| ·| ||·| | ··||·
Secured borrowings included in I & II above 871 48 54 768 31 44
,·|·| ·|||·|-| r /* Includes
|·|÷·|| | -||| ·|/SIDBI Refinance 150 00 00 150 00 00
-||·||÷ | -||| ·|/NABARD Refinance 321 65 48 618 31 44
¸-|¸|·|| | -||| ·|;NHB Refinance - -
·|| ·| ~·|/Subordinated Debt 2375 00 00 2375 00 00
+ |·| |·|· || ·|| ·÷/Upper Tier II Bond 1620 00 00 1620 00 00
~|Ro||÷|~|Ro/IPDI 380 00 00 380 00 00
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
77
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
I. ·| · ·| |·|-| / Bills Payable 247 76 76 253 52 27
II. ~ |· +|·|| -|·| ·|·||·|| ·|-| ,·| ;,
Inter Office Adjustments (Net) 234 58 34 172 27 69
III. ·|| · ·| | ··||·|/Interest Accrued 732 24 36 774 10 60
IV. ~-·| ,,·|·| ·| ||·||-| ·|||·|-| r ,/
* Others(including provisions) 3765 45 95 4026 94 97
·rr ·r /TOTAL 4980 05 41 5226 85 53
* ,·|·| ·|||·|-| r /* Includes
·||-|+ ~||·|·|| + ·|·| ·| ·| ||·||-|/Provision on Standard Assets 502 73 49 396 37 59
I. r|·|-|+·| ,,·|·| ||· ·|| +· ·|| -|| · ·||··||-|| r ,
Cash in hand(including Foreign 308 40 47 237 34 93
Currency Notes)
II. ·||·||·| |··|| ·| + ·| ~||·| ·|/
Balances with Reserve Bank of India
i) ·..·. ..·. -. In Current Accounts 7503 12 45 10166 67 69
ii) ¬·. ..·.. -. In Other Accounts - -
·.. ·. (ì ¸·. ìì)/TOTAL(I & II) 7811 52 92 10404 02 62
¤-r =r¸ -r| ä ¤-·r « -r«r|º·rr ¤r º irr·r·rr-r
Schedule 5 — OTHER LIABILITIES & PROVISIONS
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
¤-r =r¸ -r| ê -rrº·r|·r |º)r·r ·r + -r -r+«| ¤r º ¤|·rºr ·r
Schedule 6 — CASH & BALANCES
WITH RESERVE BANK OF INDIA
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
78
¤-r =r¸ -r| ¨ ·r +r -r ¤|·rºr ·r ¤r º -rr ·r {·r ¤-·r =r¸ -r-rr ·rº ir|·r« ·r ºr|ºr
Schedule 7 — BALANCES WITH BANKS AND
MONEY AT CALL AND SHORT NOTICE
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
(ººº +. ÷. : |··.. ·.·.. - )
(000’s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
I. -rrº·r -r / In India
i) ·| +| ·| ~||·| ·|/Balances with Banks
+, ·||-| ·||| ·|
a) In Current Accounts 48 57 82 96 28 60
·|, ~-·| |-|-| ·| ·|||| ·|
b) In Other Deposit Accounts
ii) ·|| ·| ·| ~-·| ·| ·|-|| ·|· ·|||· ·| ·||·| - 50 00 00
Money at Call and Short Notice
+, ·| +| + ·||·|
a) With Banks 3500 00 00 5033 20 94
·|, ~-·| ·| ··||~| + ·||·|
b) With Other Institutions - -
·rr·r (| {·r ||j/ TOTAL(i &ii) 3548 57 82 5179 49 54
II. -rrº·r + ·rrrº /Outside India
i) ·||-| ·||| ·| /In Current Accounts 390 90 98 692 74 90
ii) ~-·| |-|-| ·| ·|||| ·|
In Other Deposit Accounts 510 46 94 156 20 04
iii) btâ d YJk yÖv mq alt-vh ?r;=u g htrN
Money at Call and Short Notice 1342 19 80 547 96 08
·rr ·r (i,ii {·r iii) / TOTAL(i,ii & iii) 2243 57 72 1396 91 02
+ -r ·rr ·r (I {·r IIj /GRAND TOTAL(I&II) 5792 15 54 6576 40 56
79
I. -rrº·r -r |-r--r|-r|=r·r -r |·r|-r·rr-r/ Investments in India in
i) ·|·+|·| ·|||·| ||·|| /Government Securities 39842 05 52 34651 09 34
ii) ~-·| ~-| ·|| |·| ·|||·| ||·|| /Other Approved Securities 72 30 77 84 38 47
iii) ·| ·|·/Shares 388 09 42 460 68 43
iv) |÷·| ·|· yti h ·| ·|·|~|/Debentures and Bonds 2452 84 20 2131 17 43
v) ~-| ·| ·|| ~| · / ·|| ·| ·| +| ···|/Subsidiaries and/or Joint Ventures 247 47 51 174 67 50
vi) yàg (Rk r=ht rJfUtm vºt ögaw yÖt VUk z, yth ytRo ze YVU,
me. ve. YVU. yth. Yl. ytr=)
Others (Indira Vikas Patra, Mutual 1625 96 71 3698 39 20
Fund, RIDF, C.P. FRN etc.)
·rr ·r/TOTAL 44628 74 13 41200 40 37
II. -rrº·r + ·rrrº |-r--r|-r|=r·r -r |·r|-r·rr-r/ Investments outside India in
i) ·|·+|·| ·| ||·| ||·|| ,,-|·| ··||-||·| ·| ||·|+··| ·|||·|-| r ,
Government Securities(including Local Authorities) 972 52 27 1275 04 39
ii) ~-·|/Others
+/a) ·| ·|·/Shares - -
·|/b) |÷·| ·|·/Debentures 1 31 1 14
·|/c)~-·| ,·+~|··-| ~||·,/Other Investments (FRN etc.) 170 21 81 451 82 39
·rr ·r/TOTAL 1142 75 39 1726 87 92
+ -r ·rr·r(l {·r llj'/GRAND TOTAL(I & II)* 45771 49 52 42927 28 29
I. ·||·| ·| /IN INDIA 45038 34 34 409 60 21 44628 74 13 41388 26 39 187 86 02 41200 40 37
II. ·||·| + ·||r·
OUTSIDE INDIA 1147 07 04 4 31 65 1142 75 39 1736 17 17 9 29 25 1726 87 92
·rr ·r/TOTAL 46185 41 38 413 91 86 45771 49 52 43124 43 56 197 15 27 42927 28 29
|||-|·||-| ·| ~|-|·|·|/~-|·| + |||-|·||-| r | ·| ||·||-| /
** DEPRECIATION ON INVESTMENTS / PROVISION FOR NON-PERFORMING INVESTMENTS
¤-r =r¸ -r| ê |·r|-r·rr-r
Schedule 8 — INVESTMENTS
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
~|-|·|·|/ Yl ve ytRo ·| ||·||-| +| ·||·| +| ·|·|+· / * Net of Depreciation / NPI Provision
|·.|.·... ·.+·. -. ··. ¬·.-.·.. -. · -. ··. ·.+·. -. ··. ¬·.-.·.. -. · -. ··.
..·.·... ..·.·...
INVESTMENTS Gross Value Depreciation/ Net Value Gross Value Depreciation/ Net Value
Provision ** Provision **
< < < < < <
31.3.2012 +| |··.|·. + ¬. ·..· 31.3.2011 +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
(ººº +. ÷. : |··.. ·.·.. - )
(000’s omitted)
80
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
y/A. (i) + ·| |+· ·|· ~| · |·|||+|· ·|· ·| ·|||-| |+· ·|· |·|-|
Bills Purchased and Discounted 7546 22 87 3807 06 62
(ii) ·| +÷ ··||·, ~| |·÷ |+· ~| · ·|| ·| ·|· ·| ||·| · ·| ··||·
Cash Credits, Overdrafts and Loans repayable on demand 34214 63 58 31460 35 99
(iii) ·||||·| ··||· /Term Loans 73779 14 57 63803 38 75
·rr ·r/TOTAL 115540 01 02 99070 81 36
yt/B. (i) ·| | ~||·|·|| ,|·| ·| ||·| |/Secured by Tangible Assets 79869 19 86 73479 00 26
,·|r| »·| + ·|·| ·| ~|·| ·| ·||r|,
(includes advances against book debts)
(ii) ·| +/·|·+|·| ·|·||·| ||·|| ,|·| ·| ·|-||/
Covered by Bank/Govt. Guarantees 8034 42 43 11359 72 84
(iii) ~·|||·| |/Unsecured 27636 38 73 14232 08 26
·rr ·r/TOTAL 115540 01 02 99070 81 36
R/C. I. ·||·| ·| ~|·| ·|/ Advances in India -
(i) ?t:rbfU;t -| ~|/Priority Sectors 28924 55 09 24089 66 64
(ii) ·||| ·||-|+ -| ~|/Public Sector 16510 85 34 17472 81 35
(iii) ·| +/Banks 15 26 45 24 78 21
(iv) ~-·|/Others 60486 38 60 50186 25 80
·rr ·r/TOTAL 105937 05 48 91773 52 00
II. ·||·| + ·||r· ~|·| ·|/Advances outside India -
(i) ·| +| ·| ŒtËg/Due from Banks - -
(ii) ~-·| ·| ŒtËg/Due from Others
,+, + ·| |+· ·|· ~| · |·|||+|· ·|· ·| ·|||-| |+· ·|· |·|-|
(a) Bills Purchased and Discounted 1895 04 67 2065 14 27
,·|, ·||·| |r+ ··||·
(b) Syndicated loans 1370 31 77 1222 57 19
,·|, ~-·|
(c) Others 6337 59 10 4009 57 90
·rr ·r/TOTAL 9602 95 54 7297 29 36
fwUÖt gtud (R-1YJk R-11)/GRAND TOTAL (C.I & C.II) 115540 01 02 99070 81 36
¤-r =r¸ -r| a ¤|:r-r
Schedule 9 — ADVANCES
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
81
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
I. ·r|º=rº/Premises
·| | ||| |·| + º ·||·| +| |··||| + ~-| ·||· -||·|| ·|·
At cost as on 31st March of the preceding year 143 21 42 133 97 83
|·| + ~ | ·| ·|·||-|| ··| ·|· ||· ·| |··|| ·||·||~| ·| ·| ·| |·||
~| +÷| ·| ·||·|| -| + +|··| ·|·||·|| ·|-|
Adjustment on account of conversion of figures
relating to Foreign branches at rates as at year end 14 29 57 8 84 03
157 50 99 142 81 86
|·| + ·| ·|-| ·||·|·| -| / ·|·||·|| ·|-|
Additions/adjustments during the year 37 81 39 56
JMo fu U =ti htl fUxti r|gtâ 157 88 80 143 21 42
Deduction during the year 36 67 -
157 52 13 143 21 42
~|·| +| ||·|·| |+ ·| -|·| -·|-| + +|··| ·||·|·| -|
·| -|·| -·|-| ~|·|-||| ·| ·|·||
Additions to date on account of revaluation
credited to Revaluation Reserve 633 20 98 584 06 95
790 73 11 727 28 37
rlvxtl nu ;w "trh; ytrô;gtü bü yk ;hK
Transferred to Assets Held for Disposal - 36 67
790 73 11 726 91 70
~·|-| ~|-|·|·|/Depreciation to date 201 96 37 186 58 34
·rr·r / TOTAL 588 76 74 540 33 36
II. ~-·| |··|· ~||··|·|| ,,-|·| +-|||· ~| · |++·||· ·|||·|-| r)
| | |·|| |·| + ~ ·| +| |··||·| + ~-| ·||· -||·|·| |·
Other Fixed Assets(including Furniture & Fixtures)
At cost as on 31st March of the preceding year 787 21 16 690 48 06
|·| + ~ | +| |··||| + ~-| ·||· ·| ·||-|| ··| ·|· ||· ·| |··||
·||·||~| ·| ·| ·| |·|| ~| +÷| ·| ·||·|| -| + +|··| ·|·||·|| ·|-|
Adjustment on account of conversion of figures
relating to Foreign branches at rates as at year end 5 07 41 2 65 88
792 28 57 693 13 94
|·| + ·| ·|-| ·||·|·| -| /Additions during the year 89 51 52 99 87 46
881 80 09 793 01 40
|·| + ·| ·|-| +·| ||·|| /Deductions during the year 2 28 87 5 80 24
879 51 22 787 21 16
~·|-| ~|-|·|·|/Depreciation to date 666 72 98 590 24 26
·rr ·r/TOTAL 212 78 24 196 96 90
III. rlvxtl nu ;w "trh; ytrô;gtk /Assets Held for Disposal
Nw õ cne bq Ög gt Nw õ Jmq Öte gtu Ég bq Ög vh, Rlbü mu stu Ce fUb ntu
At Net Book Value or Net Realisable
Value whichever is less
y/A. vrhmh/Premises - 36 67
yt/B. yàg rô:h ytrô;gtk /Other Fixed Assets - -
·rr ·r/TOTAL - 36 67
IV. ·||-| ·| ·|| ·| +·| /Capital Work in Progress - 120 22
·rr ·r/TOTAL - 120 22
+ -r ·rr ·r (I,II ¤r º III+IV) /GRAND TOTAL (I,II & III+IV) 801 54 98 738 87 15
¤-r =r¸ -r| 1o |=·rº ¤r|=·r·rr ;Schedule 10 — FIXED ASSETS
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
82
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
I. ·| + + ||·; ·|| |·|-r »·| +
-·| ·| ·||+|· -|r| |+·|| ·|·|| r
Claims against the Bank 69 65 97 71 63 71
not acknowledged as debts
II. ~ ·||· ·|··| |-|| ·|| + |-|· · ·|||/
Liability for partly paid Investments 8 79 50 19 54 50
III. ·|+|·|| ||·|·| |||-|·|·| ·| ||·|~| +| ·||·|| · -|·|·|
Liability on account of outstanding 30550 69 88 28073 79 88
Forward Exchange Contracts
IV. ·| ·|·+| +| ~| · ·| ·| ·|, ·|·||·| ||·|| /
Guarantees given on behalf of
Constituents -
+, ·||·| ·|
a) In India 7687 73 77 8529 10 99
·|, ·||·| + ·||r·
b) Outside India 187 39 88 99 64 48
V. ·|||·|r·|, ·|·| +-| ~| · ~-·| ·||··|||·
Acceptances, Endorsements 6581 13 33 6129 24 07
and other obligations
VI. ~-·| ·|· |·|-|+ |-|· ·| + ~|+|··|+ -·| ·| ·|·|| r
Other items for which the Bank is 3441 79 60 8448 16 48
contingently liable
·rr ·r / TOTAL 48527 21 93 51371 14 11
(ººº +. ÷. : |··.. ·.·.. - )
(000?s omitted)
ªì.ª..ºì. +| |··.|·. + ¬. ·..· ªì.ª..ºìì +| |··.|·. + ¬. ·..·
As on 31.3.2012 As on 31.3.2011
< <
~ |·+|·|| -|·| ·|·||·|| ·|-| ,·| ;,
I. Inter-Office Adjustments (Net) - -
II. ·| |=T·| | ··||·|/Interest Accrued 971 44 35 788 21 52
III. ~|·| ·| -·| ·| ·| ··| +·/·|| | ·|· +|·| ·|·|| +·
Tax paid in advance/Tax deducted at source 1274 40 66 908 05 99
IV. -| ·|-| ·||·|·| | yti h ··| ·|/Stationery and Stamps 7 16 61 6 44 04
V. ·||| +| | |·· ·| ·||·| +| ·|, ·| ··| ++|·| ~||·|·||
Non-Banking Assets acquired in satisfaction of claims - -
VI. ~|··||·|·| +· ||··| ||·|·|| / Deferred Tax Assets 193 37 00 114 44 00
VII. ~-·|/Others 2335 27 31 1863 89 79
·rr ·r/TOTAL 4781 65 93 3681 05 34
¤-r =r¸ -r| 11 ¤-·r ¤r|=·r·rr
a1 -rr-r , zo1z +| |=·r|·r + ¤-r =rrº ·r -r-r·r>r
BALANCE SHEET AS ON 31ST MARCH, 2012
Schedule 11— OTHER ASSETS
¤-r =r¸ -r| 1z ¤r+|=-r+ « -r«r|º·rr
Schedule 12 — CONTINGENT LIABILITIES
83
ªì.ª..ºì. +r =r-rr··r ·r·r ªì.ª..ºìì +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< <
I. +·||·|-|, |||-|·|·| ~| · ·-||-|| ,·| ;,
Commission, Exchange and Brokerage (Net) 237 93 61 250 86 38
II. |||-|·||-|| + ||+ ·| ·|· -||·|
Profit on Sale of Investments 198 84 76 92 69 14
·|·|J . |||-|·||-|| + ||+·| ·|· r||-|
Less: Loss on Sale of Investments 3 06 41 195 78 35 1 01 94 91 67 20
III. ·| |·|, ·||-| ~| · ~-·| ~||·|·|| + ||+·| ·|· -||·|
Profit on Sale of Land, Buildings and Other Assets 91 09 5 33
·|·|J . ·| |·|, ·||-| ~| · ~-·| ~||·|·|| + ||+·| ·|· r||-|
Less: Loss on Sale of Land, Buildings and Other
Assets - 91 09 - 5 33
IV. ||· ·|| ·| -| ·| ·||r|·| ·|· -||·|
Profit on Exchange Transactions 139 77 92 114 57 95
·|·|J . ||· ·|| ·| -| ·| ·||r|·| ·|· r||-|
Less: Loss on Exchange Transactions 24 48 09 115 29 83 1 75 52 112 82 43
V. ·||·|/||· ·| ·| ··|||·|| ~-| ·| |·|·|| /+ ·||-|·|| ~| ·/·||
·| ·| +| ···|| ·| -||·|| ·| ~||· + -·| ·| ~|·|| ~|·|
Income earned by way of Dividends, etc. from Subsi-
diaries/Companies and/or Joint Ventures abroad/in India 8 89 22 7 41 28
VI. ?fUeKo ytg / Miscellaneous Income 406 73 41 462 58 73
·rr·r / TOTAL 965 55 51 925 41 35
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2012
¤-r =r¸ -r| 14 ¤-·r ¤r·r
Schedule 14 — OTHER INCOME
ªì.ª..ºì. +r =r-rr··r ·r·r ªì.ª..ºìì +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< <
I. ~|·| ·|| /|·|-|| ·|· ··||·|/·|,| / Interest/Discount on Advances/Bills 11382 96 71 8505 39 38
II. |||-|·||-|| ·|· ~|·| / Income on Investments 3156 34 56 2700 13 30
III. ·||·||·| |··|| ·| + + ·||·| ~||·| ·| ~| · ~-·|
~ |··| + |-||·|·|| ·|· ··||·|
Interest on Balances with Reserve Bank
of India and other Inter-Bank Funds 54 71 79 124 23 53
IV. ¤-·r/Others 38 34 09 41 04 03
·rr ·r /TOTAL 14632 37 15 11370 80 24
¤-r =r¸ -r| 1a ¤|¤r·r ··rr¤r / Schedule 13 — INTEREST EARNED
(ººº +. ÷. : |··.. ·.·.. - )(000?s omitted)
(ººº +. ÷. : |··.. ·.·.. - )(000?s omitted)
a1 -rr-r , zo1z +r =r-rr··r ·r·r + |-r{ -rr-r ¤r º rr|-r -r =rr
84
(ººº +. ÷. : |··.. ·.·.. - )(000?s omitted)
ªì.ª..ºì. +r =r-rr··r ·r·r ªì.ª..ºìì +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< <
I. |-|-| ·|| ·|· ··||·| / Interest on Deposits 9948 20 03 6842 42 67
II. ·||·||·| |··|| ·| +/~ |··| + ··||·| ·|· ··||·|
Interest on Reserve Bank of
India/Inter-Bank Borrowings 275 45 71 180 81 75
III. ~-·| /Others 506 61 29 502 64 16
·rr ·r /TOTAL 10730 27 03 7525 88 58
¤-r =r¸ -r| 1ä ··r·r |+·rr ·r·rr ··rr¤r
Schedule 15 — INTEREST EXPENDED
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2012
¤-r =r¸ -r| 1ê ·r|º-rr-r-r ··r·r
Schedule 16 — OPERATING EXPENSES
(ººº +. ÷. : |··.. ·.·.. - )(000?s omitted)
ªì.ª..ºì. +r =r-rr··r ·r·r ªì.ª..ºìì +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< <
I. +·| ·|||··|| +| ·| ·|||-| ~| · ·-|+ |-|· ·|||·||-|
Payments to and provisions for employees 1383 06 22 1480 11 82
II. rfUhtgt, +· ~| · ·| ·|-||/Rent, Taxes and Lighting 122 77 53 105 72 22
III. ·| -·| ~| · -| ·|-|·||·|·||/Printing & Stationery 26 69 29 21 36 47
IV. ||-||·|-| ~| · ·| ·||·/Advertisement and Publicity 24 00 80 21 68 22
V. ·| + +| ·| ·||·| ·|· ~|-|·|·|/
Depreciation on Bank’s Property 78 12 28 80 55 06
VI. |-|· ·|+| +| +|·|, ·|·| ~| · ·|·|
Directors’ fees, allowances and expenses 77 52 67 24
VII. -| ·|| ·|·|-|+| +| +|·| ~| · ·|·|,·||·||-| ·||·|·|-|+| ·||r|,
Auditors’ fees and expenses
(including Branch Auditors) 24 72 87 23 53 63
VIII. |||·| ·| ·||·/Law Charges 13 22 55 6 23 85
IX. ÷|+ ·|r·| -|, ||·, · -||+| -| ~||·/
Postages, Telegrams, Telephones, etc. 37 24 61 34 83 24
X. ·|···|| ~| · ~-| ·-|·|/Repairs and Maintenance 6 62 38 6 46 30
XI. ·||·||/Insurance 115 09 92 100 92 00
XII. ~-·| ·|·|/Other Expenditure 223 87 51 193 26 62
·rr ·r /TOTAL 2056 23 48 2075 36 67
a1 -rr-r , zo1z +r =r-rr··r ·r·r + |-r{ -rr-r ¤r º rr|-r -r =rr
85
1. ÃÖÖ´ÖÖµÖ / GENERAL
1.1 ||·||·| |||··|, ·| ·|| ~-·|·|| +|·|·| |+·|| ·|·|| r ··|+ |·|||·|, ‘-||·|+|·| +|·| ·||·||-|| ·| ··||’ +| ·| +-|-|| |· |· |·|·|·| -||·|·| ~|·||· |·
·| ·||· |+·| ·||·| r ~| · | ·||··||·| |··|| ·| + ,·||.|·.·| +) + |-|· ·|| ·||r·| ·||·||-·|·|· ·||··| ·| ·||+ ·| -| ·|| |·|,| ·|| , .|||-|·| |,|·|·|| ·|·||
·|| |||·|+ ·|·| ·|| + ~-| ¬ | r| ·| r :
The financial statements are prepared under ‘going concern’ concept on historical cost basis, except as otherwise stated, and
conform to Generally Accepted Accounting Principles (GAAP) in India, the prevailing practices and statutory provisions includ-
ing directives of Reserve Bank of India (RBI).
2. l·i« ºil -i øi «ª -i ·ilª·i·i -i +i ii-ii·i / EFFECT OF CHANGES IN FOREIGN EXCHANGE RATE
2.1 l·i« ºil -i øi +i -i -i« -i / FOREIGN CURRENCY TRANSACTIONS
i) ||· ·|| ·| -| ·| -| -|· -| +| ·||·|·| +| |·|| |·| ·| -| ~| · ||· ·|| ·| -| + ·||| |||-|·|·| ·· -||·| +·+ |·|| |·| ·| -| ·| .||· |·|+ |r||-| |· ||· ·||
·| -| -| -|· -| |·+|÷ |+·| ·||·| r :
Foreign currency transactions are recorded on initial recognition in the reporting currency by applying to the foreign currency
amount the exchange rate between the reporting currency and the foreign currency on the date of transaction.
ii) ||· ·|| ·| -| ·|| |-+ ·|·| +| |·|| ·||··||·| ||· ·|| ·| -| ·||||·| ·| ·| ,¸+, ÷|¸~|, ) +| ·| · r||·|· ·· +| ·|·|| ·| +·+ +| ·||·|| r :
Foreign currency monetary items are reported using the Foreign Exchange Dealers Association of India (FEDAI) closing spot
rate.
iii) ||· ·|| ·| -| ·| ··|| |-+ ·|·| +|, ·|| |· |·|·|·| -||·|·| ~|·||· |·|+| + |-|¸ ·|-|··| +·|, ·||·|| r , |·|| -| -|· -| +| ·||·|·| +| |||-|·|·| ··
+| ·|·|| ·| +·+ +| ·||·|| r :
Foreign currency non-monetary items, which are carried in terms at historical cost, are reported using the exchange rate at the
date of the transaction.
iv) ||· ·|| ·| -| ·| ·| -·|| |+·| ~|+|··|+ · ·|·||~| +| |·|| ·||··||·| ||· ·|| ·| -| ·||||·| ·| ·| +| ·| · r||·|· ·· +| ·|·|| ·| +·+ +| ·||·|| r :
Contingent Liabilities denominated in foreign currency are reported using the FEDAI closing spot rates.
v) ·|| |-+ ·|·| + |-|||-| |· ¸ ·|| ··| |· ··|--| r| -| ||-| ~ ·|· +| , ·|| .||· ·| ·| |·+|÷ +| ·|·|| ··| ·| |·|--| r , ··| ~||·| ·| ~|·| ·|| ·|·|
·||-|| ·||·|| r |·|·|·| | ··|--| r| ·| r :
Exchange differences arising on settlement of monetary items at rates different from those at which they were initially recorded
are recognised as income or as expense in the period in which they arise.
vi) ·|+|·|| ||· ·|| ·| -| ·| ||·| ¸| |·|-| +| | -|·| -·|-| ·||··||·| ||· ·|| ·| -| ·||||·| ·| ·| +| ··| + ~-| ·||· |+·|| ·||·|| r ~| · ||··||·|| -||·|;r||-|
+| .|··| + ·||r + ~ ·| ·| ·|·|·| ·| -| ·||·|| ·||·|| r :
Outstanding foreign exchange contracts and bills are revalued as per FEDAI Rates and the resultant gain/loss is taken to
revenue at the end of each month.
2.2. l·i« ºil ·ilª·ii-i-i /FOREIGN OPERATIONS
·| + +| ||· ·| |··|·| ·||·||~| ~| · .||·||-||·| +|·|| -|·|| +| ·| ··|·||+|-|·| ||·||-|-| + ¬ | ·| |·||+ ·| |+·|| ·|·|| r :
Foreign Branches and representative offices of the Bank have been classified as Non-integral Operations.
»«-ii·i«-il / Translation
i) ·|| |-+ ¸| ·| ··|| |-+ ||· ·|| ·| -| ||··| ||·|·|| ¸| · ·|·||~| ·|·|| ·| ··|·||+|-|·| ||· ·|| ||·||-|-| +| ~|+|··|+ · ·|·||~| +| ·| -|-||~| +|
·||·|·| +| ·||··||·| ||· ·|| ·| -| ·||||·| ·| ·| ;|·| ~|·|·| ||·| ·| · |||-|·|·| ··| |· ||··|·| |+·|| ·||·|| r :
Both monetary and non-monetary foreign currency assets and liabilities including contingent liabilities of non-integral foreign
operations are translated at closing exchange rates notified by FEDAI at the balance sheet date.
ii) ·| ··|·||+|-|·| ||· ·|| ||·||-|-| ·| ·| ·|| ~|·| ¸| ·|·| +| |·|·||r| ~| ·|·| ·| · ··| |· ||··|·| |+·|| ·||·|| r :
Income and expenditure of non-integral foreign operations are translated at quarterly average closing rates.
iii) ·| ··|·||+|-|·| ||· ·|| ||·||-|-| ·| |-||-| |-|| ·| |· ··|--| |||-|·|·| ~ ·|· +| |-||-| |-|| ·| + |-|||-| ·|+ ||· ·|| ·| -| ||··|·| ~|·|-||·| ·|
·| ||·| |+·|| ·||·|| r :
»-i ªi¸ ·il 1¨ -i =·i -i =ii -ill·i·ii
Schedule 17 - PRINCIPAL ACCOUNTING POLICIES
86
Exchange differences arising on net investment in non-integral foreign operations are accumulated in Foreign Currency Trans-
lation Reserve until the disposal of the net investment.
3. l·il-i·ii-i/INVESTMENTS
3.1 |||-|·||-| +| ·||-| ·| |·|·|| ·| |·||+ ·| |+·|| ·||·|| r , ·|·|| ||·|+|·|| ·|+ ·|||··|, ||+·| r ·| ·|-|··| ¸| +·|||+·| + |-|¸ ·|||··| ·|·|| ··|+
·||· ·-r ·|·+|·| .||·|·| |·|·|| , ~-·| ~-| ·|| |··| .||·|·| |·|·|| , ·| ·|·| , |÷·| |·| ¸| ·|| ÷| , ~-| ·| ·|| ¸| ·| ·| · ···| ~| · ~-·| ·| |·||+ ·| |+·|| ·||·||
r :
Investments are classified into three categories viz. Held to Maturity, Available for Sale and Held for Trading and are further
classified into Investments in Government Securities, Other Approved Securities, Shares, Debentures & Bonds, Subsidiaries
and Joint Ventures and Others.
3.2 (i) ||·|+|·|| ·|+ ·|||··| + ¬ | ·| |·||+ ·| |||-|·||-| +| -||·|·| ~|·||· |· ~|·| -| ·||·|| ·||·|| r : ·|r| -||·|·| ~ |+·| ·| -·| ·| ~|·|+ r| ·|| r |r|
.|||·|·|·| +| ||·|+|·|| +| ·| ·| ~||·| ·|+ + |-|¸ .|·|||| ··||·| ·· |,|·| + ~-| ·||· ||··|| |·|·| |+·|| ·||·|| r : ||+·| ·| r ¸ -||·| +| |r-|
-||·|r||-| -| ·| ·| |-|·|| ·||·|| r ~| · ··|+ ·||· +· +| ·| ÷+· ··|+| |||-|·|| ·|-| | ·|| ~|·|-||·| -| ·| ·| |+·|| ·||·|| r : ||+·| ·| r , r||-|
+| -||·|r||-| -| ·| |· ·|||··| |+·|| ·||·|| r :
Investments classified as Held to Maturity are carried at cost. Wherever the cost is higher than the face value, the premium is
amortised over the remaining period of maturity as per effective interest rate method. Profit on sale is initially taken to Profit
and Loss Account and then appropriated to Capital Reserve Account net of taxes. Loss on sale is charged to the Profit and
Loss Account.
(ii) ||+·| r ·| ·|-|··| + ¬ | ·| |·||+ ·| |||-|·||-| +| ·||·||· ·| -·| + ¬ | ·| ~ |+·| |+·|| ·||·|| r : .|··| + |·||+··| r ·| ·| -·|| |, ; ·| -·|»|·|
+| ·|·| |·|-| |·+|||· |+·|| ·||·|| r : r|-|| |+ .|··| + |·||+··| ·| ·| ·| |·|·| ·| , ·| -·|»|·| +| -||·|r||-| -| ·| |· ·|||··| |+·|| ·||·|| r , |· ·|
|+·|| ·|| |·||+··| ·| ·| ·| |·|·| ·| , ·| -·|| |, +| -|·|·~ ·|·| |+·|| ·||·|| r : ,-| |||-|·||-| +| ·| -|-||~| ·| ·| -·|»|·| ·||+· ··|| ·|| ·||·|| r :
Investments classified as Available for Sale, are marked to market. Scrip-wise appreciation/depreciation is aggregated for
each classification. While net depreciation in respect of each classification is charged to Profit & Loss Account, net apprecia-
tion in respect of any classification is ignored. These investments are shown, net of depreciation, in the Balance Sheet.
(iii) +·|||+·| + |-|¸ ·|||··| + ¬ | ·| |·||+ ·| |||-|·||-| +| ·||·||· ·| -·| + ¬ | ·| ~ |+·| |+·|| ·||·|| r : ·| -·|| |, ; ·| -·|»|·| +| ·|·| |·|-|
|·+|||· |+·|| ·||·|| r : r|-|| |+ .|··| + |·||+··| ·| ·| ·| |·|·| ·| , ·| -·|»|·| +| -||·|r||-| -| ·| |· ·|||··| |+·|| ·||·|| r , |· ·| |+·|| ·||
|·||+··| ·| ·| ·| |·|·| ·| , ·| -·|| |, +| -|·|·~ ·|·| |+·|| ·||·|| r : ,-| |||-|·||-| +| ·| -|-||~| ·| ·| -·|»|·| ·||+· ··|| ·|| ·||·|| r :
Investments classified as Held for Trading are marked to market. Scrip-wise appreciation/depreciation is aggregated for each
classification. While net depreciation in respect of each classification is charged to Profit & Loss Account, net appreciation in
respect of any classification is ignored. These investments are shown, net of depreciation, in the Balance Sheet.
3.3 ·|·| · ·||-| ·| |·|·|| ·| ·| |+·|| ·| ·|||·|-| ¸ ·|| .||·|·| |·|·|| + ·||·|-| ·| , ·|r| ··||·| ; ·| -|·|-| ·¨ |·-|| ·| ~|·|+ ~||·| + |-|¸ ·|+|·|| r , ~|·|
+| |r||-| -|r| +| ·||·|| ~| · | ·| |||-|·||-| + ·| -·| |· ||| +| ·| ·||-|· ÷| + ~-| ·||· ·|·| ||·| .|||·||-| |+·|| ·||·|| r :
In respect of securities, included in any of the above three categories where interest/ principal is in arrears for more than 90
days, income is not recognized and appropriate provision on the value of such Investments is made as per prudential norms.
3.4 -| ~||·| ·||·||·| ·| +| , |||·||··|+ |~|| ·|·|| ·|·| |·|-| ·| |||-|·||-| +| ·| -·|-| ··|||-||·|·| |· |+·|| ·||·|| r :
Investments in Regional Rural Banks, Commercial Papers and Treasury Bills are valued at carrying cost.
3.5 +·|||+·| ; |-||·· ·|||||-| |||-|·||-| + ·| ·| ·| ·| ·||·||· +|·|·| ·| + ¸+·|| ·|| ·| ·|-|··| |-||·· ·||| ·| |-|·|| ·||·|| r : ·|·+|·| .||·|·| |·|·||
+| ·| -·|-| ·||·||· +|·|·| |· ·|| |++·÷ , +·| ·|-|| ·||+ ¸ ÷ ÷ |·| |·| ¸·|| |·|¸·|-| ~| + , |÷·|| ,¸+~|, ¸·|¸·|÷|¸) ¸| .||,·|·| ÷|-|·
¸·|| |·|¸·|-| ~| + , |÷·|| ,||÷|¸~|, ) ;|·| ·| ·| · ¬ | ·| ·|| |·|·| ·| -·| |· |+·|| ·||·|| r :
In respect of traded/quoted Investments, Market price is taken from the quotes available in the stock exchanges. Government
securities are valued at Market price or price declared by Primary Dealers Association of India (PDAI) jointly with Fixed Income
Money Market and Derivatives Association of India (FIMMDA).
3.6 ~·| |-|·|·|| |· ·| |÷·| ~||·| + |-|¸ .|··|; .||·| ··||·| +| ··||·| ·|·| ; ~|·| + ¬ | ·| ·||-|| ·||·|| r ~| · ,·| -||·|·| ; |·|+| .||·|+-| ·|
~|||·|·| |+·|| ·||·|| r :
Broken period interest paid / received on debt instruments is treated as interest expense/income and is excluded from cost/
sale consideration.
3.7 ·| + ;|·| .||·|·| |·|+··| ; | -||-|·|| ·| + |-|| +| ·| || ·|·|| ||·||·| ||··| ||·|·|| +| ·||·|·| .||·|·| |·|+··| ; | -||-|·|| ·| + |-|| ;|·| ·||·| .||·|·| |·|
··||·| +| ·| -·|-| .||·|·| |·| ··||· + ·|| |-| ·| -·| ~| · ||·||·| ||··| ||·|·|| + |-||-| ·|r| ·| -·| ·| |-|·-|·|· |· |+·|| ·||·|| r : |||-|·||-| +| ·|·| ·
¬ | ·| ·|·|||-|·|| |··| ·| -·| |· ·||r·|| ·| ~|·| -| ·||·|| ·||·|| r ~| · ||+·|; |·| -|| +| , ·||· +| , r| , |||-|·||-| ·| ·||·|| ·||·|| r ·|·|| |-||-|
·|r| ·| -·| ··|| ·|| ·||·|| r :
Security receipts issued by securitisation / reconstruction company (SC/RC) in respect of financial assets sold by the Bank to
the SC/RC are valued at the lower of the redemption value of the security receipt and the Net Book Value of the financial
assets. The Investment is carried in the books at the price determined as above and the sale / realization if any, is reduced from
Investment and the net book value is shown.
87
·||.|·. ·| + ;|·| |||r·| ·| ··|| |||·|+ |-||-||·| ~-| ||·| |||-|·||-| ·| |||-|·||-| |· -||·| ·| -·|, |·||+··| ¸| ~-·| ·||-|· ÷ .||·|·| |·|+··| ; | -||-|·|| ·|
+ |-|| ;|·| ·||·| .||·|·| |·| ··||· ·| ·| + + |||-|·||-| |· -||·| |+·| ·||·| r :
The value, classification and other norms applicable to investment in non-SLR Investments prescribed by RBI are applied to
Bank’s investment in Security Receipts issued by SC/RC.
4. ··ii=i «ª ª·ii·i /INTEREST RATE SWAPS
4.1 ·|||| ·||··|| + |-|¸ |+¸ ·|¸ ··||·| ·· ·||| -| -|· -| +| ·|·|-|| ·||·| ~|·||· |· +| ·||·|| r ·|·|| +·|||+·| ·| ·| ·|| -| -|· -| + ·||·||·
·| -·| +| ·||r·|| ·| ~ |+·| |+·|| ·||·|| r ·|·|| |-||-| ·| -·|»|·| + |-|¸, ·||· +| , r| , .|||·||-| |+·|| ·||·|| r , ·|·||+ ·| -·|| |, +| , ·||· r| ,
-|·|·~ ·|·| |+·|| ·||·|| r :
The Interest Rate Swap transactions undertaken for hedging are accounted for on accrual basis and transactions for trading
are marked to market and net depreciation, if any, is provided for, whereas appreciation if any is ignored.
4.2 ·|||| ·||··|| + |-|¸ |+¸ ·|¸ ·|·||·| ··||·| ·· ·||| |· -||·| ·|| r||-| +| ~|··||·|·| ··|| ·||·|| r ~| · ··|+| |r||-| ·||| +| ·| ||·|·|·|
·| ·| ~||·| ~·||| ~||··| ·|| · -|·|·| +| ·| ·| ~||·|, ,-|·| ·| ·|| ·|| +·| r| , ·| +| ·||·|| r :
Gain or loss on terminated interest rate swap transactions undertaken for hedging is deferred and recognized over the shorter
of the remaining contractual life of the swap or remaining life of the asset or liability.
4.3 +·|||+·| ·||| ·| ·| ·| |·|·| ~|·| ~| · ·|·| +| |r||-| |-|||-| +| ·|·|·| +| +| ·||·|| r :
Income and expenses relating to the trading swaps are recognized on the settlement date.
4.4 +·|||+·| ·||| +| ·|·|||·| |· r ¸ -||·| ·|| r||-| +| ·| · ·| ~|·| ·|| ·|·| + ¬ | ·| |·+|÷ |+·|| ·||·|| r :
Gain or losses on the termination of the trading swaps are recorded as income or expense immediately.
5. l·i« ºil -i øi +ªiª / FOREIGN EXCHANGE CONTRACTS
·|+|·|| ||·|·| ||· ·|| ·| -| ·| ||·|~| +| | -|·| -·|-| ·||r + ~ ·| + ~-| ·||· .|··| + ·||r ||·|·| ·| |r·|| +| ||·|+|·|| +| ·||·|·| |· ~|·|||··| -||·|
+ ÷|, ·· |· |+·|| ·||·|| r ¸| ··|+ +-|·|¬ | r ¸ -||·|;r||-| +| .|··| + ·||r + ~ ·| ·| -||·| ¸| r||-| ·| -| ·||·|| ·||·|| r :
Outstanding forward exchange contracts are revalued every month as per month end FEDAI rates applicable based on matu-
rity date of the forward contracts and the resultant gain/loss is taken to profit and loss at the end of the each month.
6. »l:i-i/ADVANCES
6.1 ~ ·| ¸| ~|·|·| +| ~·| + ¸| ~-|·| + ~||··| + ¬ | ·| |·||+··| ·||··||·| |··|| ·| + ;|·| ·||·| ·||·| ··|| |·|,| ·| + ~|·||· |· |+·|| ·||·||
r : ·||··| ·| ~-|·| + ~|·|·|| +| |-|·|| ··| ||| +| ·| ·||-|· ÷| + ~-| ·||· |+·|| ·||·|| r ~| · ·||··||·| |-|·|| ·| ~·| ·||· | |-|·|·| ·| .||·| ; .||·|
|· ||||· +·-| + ·||· ·-r ‘~|·||-|+, ‘·| |···| ¸| ‘r||-| ~||··|·|| ·| |·||+ ·| +·+ .|||·||-| |+¸ ·||·| r ·|·|| ~|·|·| +| ·--| ·| .|||·||-|
+| ·||-| + ·||· |+·|| ·||·|| r :
Loans and advances are classified as performing and non-performing based on the guidelines issued by the RBI. Non-Per-
forming advances in India are ascertained as per the Prudential Norms and provisions are made upon classifying the same into
‘Sub-Standard’, ‘Doubtful’ and ‘Loss’ assets after considering the claims Received/Receivable from ECGC and advances are
stated after netting of provisions.
6.2 ||· ·| |··|·| ·||·||~| + ~-|·| + ~|·|·|| + |-|¸ .|||·||-| ··||-||·| ~| -||~| ·|| ·||··||·| |··|| ·| + + ·||·| ··|| |·|,| ·|| + , ,-|·| ·| ·|| ·|| ~|·|+
r| , ~-| ·||· |+·|| ·||·|| r :
Provision on Non-performing advances of foreign branches is made on the basis of local requirements or RBI guidelines
whichever is higher.
6.3 ·||-|+ ||··| ||·|·|| + |-|¸ ·||·||-·| .|||·||-| | |·|+ || +| |-|·|| ~|·||· |· |+·|| ·||·|| r :
A general provision on Standard Assets is made on global portfolio basis.
6.4 ~|-| ·| -|| ·|, + -|·| ·|·+|· +| ·||· | ~| · ·| + ;|·| ·|·|· |+¸ ·|¸ ||· +| ·||·|·|, ·|r| ·|·+|· |-|·|+··| -|r| +··|| r , · ·|·||·|·|| +|
|+ ·||-|| ·||·|| r :
In respect of Central Government Guarantees invoked and suit filed by the bank, wherever the Government does not repudiate,
the dues are considered good.
6.5 ·|·|÷|| ·|| ¸| |-|||-| ·| ·| ·|| .|··|||| + ·||·|-| ·| | ·| |·| -|| + ·||· ·|, ·||·| ÷|-| ·||·| r :
In respect of Compromise and Settlement Proposals, write-off is done on complete realisation.
6.6 ·||·| +| ~ ·|·|· ||| +| ·| ·|, ·||·| ÷|-|-| +| +|·| ·|-|·| .|||·|+|·| + ~-| ·|| ·-| + ·||· ·||·|-||···||·|-|| ~|·||· |· ~.||·|·| ·| ~ ·| + |-|¸
|+·|| ·||·|| r :
Partial prudential write off of accounts is done upto unsecured portion level on a case to case basis on approval by the
Competent Authority.
88
7. »·i-i »ilª·i·ii /FIXED ASSETS
7.1 ~|-| ~||··|·|| +| |-|·|| ··| |· |·|·|·| -||·|·| ~|·||· |· ; | -|·| |-·|·| ·||·| ·| ·| ·| ||·| ·| -·|»|·| +| ·||+· |+·|| ·||·|| r : | -|·| -·|-| ·| .||·|
~|·|·| ·| +| | -|·| -·|-| ~|·|-||·| ·| ·|·|| |+·|| ·||·|| r :
Fixed assets are stated at historical cost/revalued amount less accumulated depreciation. Surplus arising on revaluation is
credited to Revaluation Reserve.
7.2 ~|-| ~||··|·|| + ~|·|·|r·| r ·| |+¸ ·|¸ ~|·|·| ·| ·|·||-| ; ~| |·|+ ·| ·|·||-| ~-·| ~||··|·|| ·| ·|||·|-| |+¸ ·||·| r :
Advance payments/part payments made towards acquisition of fixed assets are included under other Assets.
7.3 ·||··| ·| ||··|· ,~||·||··| ; ~| ·|++ ·| ·| |·| +| -||·|·| ·||r·|) ·|·|| ~-·| ~|-| ~||··|·|| |· ,+ ·| ·| +| ·| ÷+·) ·| -·|»|·| +| .|||·||-|
+ |-|| ~|·||-|·|·|, ·¯ö +| ~-| ·| || XIV ·| |||r·| ··| |· ·| -·|»||·|·| ·| -·| |,|·| + ~-| ·||· |+·|| ·||·|| r : ·||. |·. ·| + + |··|||-|· ·|
+ ~-| ·||· + ·| ·| |· ·| -·|»|·| ·||·|| +| ·|| .|·||-|| + ~|·||· |· ¹¹.¹¹% +| ·· ·| |+·|| ·||·|| r : ·| -·|»|·| +| .|||·||-| ¹¨ |·|·| ·|·
·|+ |+¸ ·|¸ ||·|·| -| + |-|¸ | ·| ·· |· ·|·|| ··|+ ·||· |+¸ ·|¸ ||·|·| -| + |-|¸ ~|·|| ·· |· |+·|| ·||·|| r :
Depreciation on Premises (including cost of land wherever inseparable/not segregated) and other fixed assets (excluding
computers) in India is provided on written down value method at the rates prescribed in Schedule XIV to the Companies Act,
1956. Depreciation on computers is provided at the rate of 33.33% on Straight Line Method in terms of RBI guidelines.
Depreciation is provided at full rate on additions made upto 30
th
September and at half the rate on additions made thereafter.
7.4 ·||··| + ·||r· |··|·| ~|-| ~||··|·|| +| ·||·|·| ·| -·|»|·| +| .|||·||-| ·| ·| |·|·| · ·| +| ··||-||·| |||·| + ~-| ·||· ·||·|| +| ·|| .|·||-|| ;
·| -·|»||·|·| ·| -·| |,|·| + ~|·||· |· |+·|| ·||·|| r :
Depreciation in respect of fixed assets situated outside India is provided on straight line/written down value method as per the
local laws of respective country.
7.5 | -|·| -·|-| ·| ··|--| ~|·||·· ·| -·|»|·| +| ·|·| ·|-| | -|·| -·|-| ~|·|-||·| + .||·| |+·|| ·||·|| r :
Additional depreciation arising out of revaluation is set off against Revaluation Reserve.
7.6 |,|·| ·| ·| ||·|·|| +| ·||·|·| |,| .|||·|·|·| +| |, +| ~||·| ·|+ ||··|| |·|·| |+·|| ·||·|| r :
In respect of leasehold properties, the lease premium is amortized over the period of the lease.
8. +-i ·iiªl lr·i-ii-i/EMPLOYEE BENEFITS
8.1 »-·ii·il·i +-i ·iiªl lr·i-ii-i /Short Term Employee Benefits
+·| ||·| ;|·| .|·|-| +| ·|, ·| || + ¸|·| ·| . ·||r +| ·| ||||·| + ·| ·|-| +·| |||··|| +| |||+··|| ·| ||·||, ~|+|··|+ · ,| ~||· ~-||||·|
+·| ||·| |r·|-||·| ~·| ; ·|·|| |+·|| ·||·|| r :
The short-term employee benefits, such as medical benefits, casual leave etc. which are paid/credited in exchange for the
services rendered by employees are recognised during the 12 month period when the employee renders the service.
8.2 «l·ii ·il·i +-i ·iiªl lr·i-ii-i/Long Term Employee Benefits
·| || |·| ·| |r·|-||·|;Post Employment Benefits
~)/A) |-|·|| |··| ~ ·|·|-| ·|| ·|-||/Defined Contribution Plan
·|||··| |-||·| ·| ·|| |-|·|| |··| ~ ·|·|-| ·|| ·|-|| ·| ~ ·|·|-| +| -||·|r||-| -| ·|| |· ·|||··| |+·|| ·||·|| r : |·|-| +·| |||··|| -| | ·|-| |r·|-||·| +|
||+-| -|r| |-|·|| r ·-|+| ·|||··| |-||·| ~ ·|·|-| ·| + ;|·| |-|·|| |··| · +| |+·|| ·||·|| r :
Contribution to Defined Contribution Schemes such as Provident Fund etc., are charged to the Profit & Loss Account as and
when incurred. In respect of certain employees who have not opted for Pension Benefits, Provident Fund Contributions are
made to a Trust administered by the Bank.
~|)/B) l-i·ii lª·i lr·i-ii-i ·ii =i-ii/Defined Benefit Plan
+. ·| + ;|·| |-|·|| |··| |r·|-||·| ·|| ·|-|| + ~ ·|·| ·| ·||·|-| ¸| | ·|-| ·|| ·|-|| +| ||·||-|-| |+·|| ·||·|| r :
a. The bank operates gratuity and pension schemes which are defined benefit plans.
·|. ·| + ·|·|| ||~| +·| |||··|| +| ·|·|-| .|·|-| +··|| r : ,·|+ ~ ·|·| ·| ·-| ·|·|| +·| |||··|| +| ·| |||-|| |·| |·, -|| +·| + ·| ·|-| ·| ··| |·, ·||
-|| +·| +| ·|·|||·| |· ¸+·| ··| ·||·|;¸+·||··|| ·| ·|·||-| ,·| .|+|· |+·|| ·||·|| r i) ¨,¨¨,¨¨¨ ·. +| ~|·|+·|·| ·||·|| + ~··|·||-| ·| ||
+ .|··| + | ·| |·| + |-|¸ ii) ¯ |·-|| +| | ·|-| ,·| -| + ÷|¸) ·|| iii) ·| || + .|··| + | ·| |·| + |-|¸ ¯ |·-|| +| | ·|-| ,+ |-| ·| -| | ·|-|),
,-|·| ·| ·|| ·|| ~|·|+ r| : || | |·| ; ··| |·| +| ·| || ,·|·|| .|·|| ··|) | ·| +·-| + ·|·| ·| ·|r -||·| .|·|-| |+·|| ·||·|| r : ·|·| ~| ·||¬ ·||·|| |++
;|·| |-|·||·|·| ~ ·|·|-| |· |+¸ ·|¸ ·| -·|| +-| + ~|·||· |· ·| + -·|||·|·|| ;|·| ·| |||-|·| |-||·| ·| |||·|+ ~ ·|·|-| +··|| r :
b. The Bank provides for gratuity to all eligible employees. The benefit is in the form of lump sum/one time payment to vested
employees on retirement, on death while in employment, or on termination of employment, for an amount equivalent to i) 15
days salary (Basic+DA) payable for each completed year of service, subject to a maximum amount of Rs.10,00,000 or ii) 15
days salary (Basic only) for each completed year of service ,whichever is higher. Vesting occurs upon completion of five years/
ten years (as applicable) of service. The Bank makes annual contributions to a fund administered by Trustees based on an
independent external actuarial valuation carried out at regular intervals.
89
·|. ·| + ·|·|| ||~| +·| |||··|| + |-|¸ | ·|-| +| .|||·||-| +··|| r : |-|·|·||-| ·||· ·|r -||·| ||~| +·| |||··|| +| ·| |||-|| |·| |·, -|| +·| + ·| ·|-| ·| ··|
|·, ·|| -|| +·| +| ·|·|||·| |·, ·| ·|| |+ ,·| |||-|·|·| ·| .|||·||-| r , ·|||·|+ ·| ·|·||-| + ¬ | ·| |+·|| ·||·|| r : |-|·|·||-| ·||· |||·|--| ··|· |·
·|r -||·| .|·|-| |+·|| ·||·|| r : | ·|-| + ¨% .||·|·||r +| ·· ·| ~ ·|·|-| + ~-|||| ·|·| ~| ·||¬ ·||·|| |++ ;|·| |-|·||·|·| ~ ·|·|-| |· |+¸ ·|¸
·| -·|| +-| + ~|·||· |· ·| + -·|||·|·|| ;|·| ·| |||-|·| |-||·| ·| ~|·||·· |||·|+ ~ ·|·|-| +··|| r :
c. The Bank provides for pension to all eligible employees. The benefit is in the form of monthly payments as per rules and regular
payments to vested employees on retirement, on death while in employment, or on termination of employment as provided
under regulation. Vesting occurs at different stages as per rules. The Bank makes additional annual contributions to funds
administered by trustees based on an independent external actuarial valuation carried out at regular intervals besides monthly
contribution @ 10% of pay per month.
·|. |-|·|| |··| .|·| ||·|| .|·|-| |+¸ ·||-| -||·|·| +| ~|·||··| ·||·|| |++ ·| -·|| +-| ;|·| .|| ·| + ÷ ·| |-| + |÷ ·| ·|÷ ~|·||· |· |+·|| ·||·|| r ·||
·||·||··|·|·|| ·| -|-||~| +| ·||·|·| +| |+·|| ·||·|| r : |-||-| · ·|·|| +| ~|··||·|·| -|r| |+·|| ·||·|| r ~| · ··| ·|·+|-| -||·|r||-| -| ·| ·| ·||-·|·||
·| ·||·|| r :
d. The cost of providing defined benefits is determined by actuarial valuation using the projected unit credit method which is
normally carried out at each balance sheet date. Net liabilities are immediately recognised in the statement of profit and loss
and are not deferred.
¡/C) »-·i «l·ii ·il·i +-i ·iiªl lr·i-ii-i/Other Long Term Employee benefits
+;a. ·| + + ·|·|| ||~| +·| ||·| .||·|+|·|··|+ ~-| ||··||·| ¸| · ,| ·||~|| |··||·|·| + r+·|· r : ,·| .|+|· + ·|·|| ||·| +·| ||·| |r·|-||·| -||·|·| +|
|-||·| ·| + ;|·| ~| ·||·+ ¬| ·| .|·|-| +| ·||·|| r :
All eligible employees of the bank are entitled to compensated absences; leave travel concession. The costs of such long term
employee benefits are internally funded by the Bank.
·|;b. ,·| .|+|· + ~-·| |-|·|| |··| ·|·|| ||·| |r·|-||·| .|·|-| +·-| +| -||·|·| +| ~|·||··| ·||·|| |++ ·| -·|| +-| ;|·| .|| ·| + ÷ ·| |-| + |÷ ·| ·|÷ ~|·||·
|· |+·|| ·||·|| r ·|| ·||·||··|·|·|| ·| -|-||~| +| ·||·|·| +| |+·|| ·||·|| r : |·| ·| || -||·|·| +| ~|··||·|·| -|r| |+·|| ·||·|| r ~| · ··| ·|·+|-|
-||·|r||-| -| ·| ·| ·||-·|·|| ·| ·||·|| r :
The cost of providing these other long term benefits is determined by actuarial valuation using the projected unit credit method
which is normally carried out at each balance sheet date. Past service cost is immediately recognised in the statement of profit
and loss and is not deferred.
·|;c. | ·| +||-|+ |-|· ·|+| +| ·| |||-|| |·| + |·||·| ·| || |·| ·| |||+··|| ·| ||·|| + ¬ | ·| |||+··|| ·| ||·|| .|·|-| +| ·||·|| r : -||·|·| +| ~|+-|-|
¸| |-|·|| ··| ·||·|| |++ ·| -·|| +-| ;|·| .|| ·| + ÷ ·| |-| + |÷ ·| ·|÷ ~|·||· |· |+·|| ·||·|| r ~| · ¸ ·|| ·| -·|| +-| ·| |||-|| |·| + ·||·|·||·|
| ·| +||-|+ |-|· ·|+| + |-|¸ ·| -|-||~| +| ·||·|·| +| |+·|| ·||·|| r : ,·| · ·|·|| +| ·|·+|-| -||·|r||-| -| ·| ·| ·||-·|·|| ·| ·||·|| r ~| · ,·|
~|··||·|·| -|r| ··|| ·||·|| r :
Medical benefits are extended to full time Directors, after their retirement as post retirement medical benefits. The cost is
ascertained and determined by actuarial valuation using the projected unit credit method and such valuation is carried out at
balance sheet date for retired as well as in service full time Directors. The liability is immediately recognized in the statement
of profit & loss and not deferred.
¸¸·| ¯ +·| ||·| |r·|-||·| ,·| ·|| |·|·| .¨¨¯) ·| ·|||·|·| ·| ·|| ·|-| ·|·|| ··|·| ·| ·| |·|·| ·||·| ··|| |·|,| ·| ·| ·| ·|| -|| + ~-| ·||· ·| + -| ··| · ·|·||
+| ·| -|-|| ·| ·| +·|·|+|-||-| · ·|·|| ·| | |, +| ||··|| |·|·| +·-| +| |-|·|·| |+·|| r |·|-|+| |r||-| ·|·| +|-||-| +·| ||·| |r·|-||·| ·|·|| | ·|-|,
·|·|-|, · ,| +| -|+·|+··|, ·||·||·| · | ¸-|¸+·||;¸-||·|| ~||· +| ·||·|·| ¹.¨¹..¨¨¯ +| |··||·| + ~-| ·||· ·| ·|| ·|-| | | ¸¸·|¯
+ ~-| ·||· ||·||·| |·| .¨¨¯¨- ·| ·||·|| · ·|| ~|·||· |· ¯ |·|| ·|+ ·|·| + ¬ | ·| +| ·|, :
In terms of Limited Revision to AS-15 Employee Benefits (Revised 2005) and guidance note thereon, the Bank has decided to
amortise the increase in transitional liability over the liability that could have been recognised as per the pre revised AS-15 as
on 31.03.2007 in respect of long term employee benefits like Pension, Gratuity, Leave Encashment, Sick Leave, LFC/LTC,
etc., as an expense on a straight-line basis over 5 years from financial year 2007-08.
''·|·+|·| -| ~| + ·| +| + +·| |||··|| + |-|¸ | ·|-| ||+-| |+· ·| ·| ¬ +·-|| ~| · ·|·|-| ·||·|| ·| | |,||| +| ·| |||-|·||·|+ ·|||·'' +
·| ·| ·| ·| ·||··||·| |··|| ·| + + ||·|~| +·|| +.÷|·||~| ÷|.·||||. ·||·||.-¨;..¨4.¨-;.¨¨ |·-|| + ¨·.¨...¨ ·| |··| ·|¸ |··||
|-|· ·|| + ~-| ·||· ·| + -| |-|·-||-||·|·| + +|··| ~|·||·· · ·|·|| +| ||··|| |·|·| +·-| +| |-|·| ·| |+·|| r
In accordance with the guidelines given by Reserve Bank of India vide its Circular No. DBOD.BP.BC.80/21.04.018/2010-11
dated 09.02.2011 on “Re-opening of Pension Option to Employees of Public Sector Banks and Enhancement in Gratuity Limits
– Prudential Regulatory Treatment”, Bank has decided to amortize the additional liability on account of –
+;a) |·|-| ||··||-| +·| |||··|| -| |r-| | ·|-| +| ||+-| -|r| |··|| ·|| ·-|+ |-|¸ | ·|-| +| ||+-| |+· ·| ·| ¬ +·-| , ~| ·
Re-opening of pension option for existing employees who did not opt for pension earlier; and
·|;b) ||·||·| |·| .¨¨ ·| || | |·| +| ~||·| ·|+ ·||·||· ·|| ~|·||· |· ·|·| + ¬ | ·| ·|·|-| ·| ·|·| ~|·||-|·|·|, ·¯. ·| ·| ·|| ·|-| + ~-| ·|··|
·| ¨.¨¨ -||·| < +| ||·|·| ·||·|| + ~-| ·||· ,¹.¯¨ -||·| < ·| ·|«|+·) ||··||-| +·| |||··|| +| ·|·|-| +| ·| ·|·||-| +·-| + +|··|:
Payment of gratuity to existing employees as per the enhanced limit of <10.00 lakhs (increased from < 3.50 lakhs) pursuant to
90
the amendment of the Payment of Gratuity Act, 1972, as an expense on a straight line basis over a period of five years from
the financial year 2010 -11.
9. ªi=iª·i +l ·ir·ii-i/REVENUE RECOGNITION
9.1 ~-·|·|| +|·|·| + |·|||·| ~|·| ¸| ·|·| +| ·|·| +| ·||·| ~|·||· |· |r·||·| ·| |-|·|| ·||·|| r :
Items of Income and Expenditure are accounted for on accrual basis, except as otherwise stated.
9.2 |-|·-||-||·|·| ·|·| + |-|¸ ~|·| +| |r||-| |·| -|| ~|·||· |· +| ·||·|| r ·
Income for the following items are recognised on realization basis:
~a) ·||.|·.·| + + ·||·| ··|| |·|,| ·|| + ~-| ·||· ~-|·| + ~||··|·|| ·| ~|·|;Income from non-performing assets in terms of RBI guidelines.
~|b) ·||·| |+¸ ·|¸ ·||·||~| ~| · ·||· |·|| |· ~|·|·| +·||·|-|/Commission earned on Letter of Credit and Guarantees issued.
10. »i·i ·iª +ª/TAXES ON INCOME
||-| +· +| |-|·|| ··| |·| +| +· ·|| ··| ~|·| +| ·||·|·| · ·| +· +| ·||·| |· |+·|| ·||·|| r ~| · ·|·-| ·||· -·| -|·|·| ||+-|| +· ·||r·| +· +
|-|¸ .|||·||-| |+·|| ·||·|| r :
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 including Minimum Alternate Tax (MAT).
~|·|·| ||·| -| ·|| ·||-|+ .. +| ·|·|| + ~-| ·||· ~|··||·|·| +· ~||··| ·|| · ·|·|| +| |r||-| ·| -|-||~| +| ·||·|·| ·|+ .|·|·|·| ·|| ·|·|·|·
.|·|·|·| +· +| ··| +| .|·|| ·| +·+ +| ·||·|| r : ~|··||·|·| +· ~||··|·|| ; · -|·||··|| +| ·|·||-|| |·| + ·| ·|-| r , ·||·||||·|·|| + ~|·||· |·
.|··| + ·| -|-||~| +| ·||·|·| +| +| ·||·|| r :
The deferred tax asset or liability is recognised using the tax rates that have been enacted or substantially enacted by the
Balance Sheet date, in terms of notified Accounting Standard 22. Deferred Tax Assets/Liabilities are reviewed at each
Balance Sheet date based on developments during the year.
11. »ilª·i·ii +l »-i=i +·ii/IMPAIRMENT OF ASSETS
·|·| +·|| ·|| ·|-||~| ·|| |··||·|·|| ·| r ¸ ||·|·| -| + +|··| ¸ ·|| -|·| |+ |+·|| ~||··| +| ··|··||| ·||·| +| |·| -|| -|r| r| ·|+·|| r , ·|·|
~-|·| +·|| + ~|+-|-| r ·| ~|-| ~||··|·|| +| ·|·||-|| +| ·||·|| r : ·|||··| ~| · ·|·|| ·| +| ·||-| ||-|| ~||··|·|| +| |·| -|| ·|| ··|·|| +| ~|+-|-|
|+·|| ~||··| +| ··|··||| ·||·| +| ·| -|-|| ·| ~||··| ;|·| ··|--| r| -| ||-| ~|·||·|| |-||-| ·|,|+ ·| -|+·| .|||r ·| +·+ |+·|| ·||·|| r : ·||·
¸ ·|| ~||··|·|| +| ~-|·| + ·||-|| ·||·|| r ·|| ··|+| ~-|·| +·|| +| ~|+-|-| ~||··| + ··|··||| +| ··| ·||·| ·| |+·|| ·||·|| r ·|| ~||··|
+ ·||·| ·| -·| ·| ~|·|+ r| ·|| r :
Fixed Assets are reviewed for impairment whenever events or changes in circumstances warrant that the carrying amount of
an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying
amount of an asset to future net discounted cash flows expected to be generated by the asset. If such assts are considered to
be impaired, the impairment to be recognised is measured by the amount by which the carrying amount of the asset exceeds
the fair value of the asset.
12. iil·i ºi ·iª »=i -i/EARNINGS PER SHARE
·| + ¸¸·| .¨ –'.||·| ·| ·|· ~·| -|', + ~-| ·||· .||·| ·| ·|· ·| -| ~| · -·| -||+ ·| ~·| -| +| |·|| +··|| r : .||·| ·| ·|· ·| -| ~·| -| +| |-|·|| ··| +·
|·||·| |-||-| -||·| ·|·|| ~|·|·||-|| ·| ·|·| |· -||·|| ·| +| |·| ·| ·|+|·|| , |+|| ·| ·|·| +| ~| ·|·| ·|||··|| ·| ·||·| · +· |+·|| ·||·|| r :
The Bank reports basic and diluted earnings per share in accordance with AS 20 – ‘Earnings per Share’. Basic earnings per
share computed by dividing the net profit after tax and dividend on preferential shares by weighted average number of equity
shares outstanding for the year.
.||·| ·| ·|· ~·| -| ·| +·|| ··| ·| ·||·| +·|| +| .|+ +··|| r ·|| |·| + ·| ·|-| .||·|·| |·| ·|| , |+|| ·| ·|· ·||·| +·-| r ·| ~-·| ·| ||·| ·||·|
·|| ||·||·|·| +·-| |· r| ·|| r : .||·| ·| ·|· ~·| -| ·| +·|| +| |-|·|| ··| |·| + ~ ·| ·| ·|+|·|| , |+|| ·| ·|·| +| ~| ·|·| ·|||··| ·| ··|| ~| · +·|
r| -| ||-| ·| ·||·| , |+|| ·| ·|·| +| ·|·|| ·| +· |+·|| ·||·|| r :
Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue equity shares
were exercised or converted during the year. Diluted earnings per share are computed using the weighted average number of
equity shares and dilutive potential equity shares outstanding at year end.
13. iii·i·ii-i, »i+lª-i+ « ·i·ii¢ ¢·i »i+lª-i+ »ilª·i ªi ·i ·il -i =ii l·il·i
ACCOUNTING FOR PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
~|, ·||¸~|, ;|·| ,·| ·| ·| ·| ·| ·||·| ¸¸·| .· “.|||·||-|, ~|+|··|+ · ·|·||~| ¸| ~|+|··|+ ~||··|·|| ” + ~-| ¬| ·| + .|||·||-| +| |r||-| ·|·||
+··|| r ·|·| ~·||·| +| |+·|| ·|-|| + +-|·|¬| ··|+| |·| ·||-| ·||·|·| r| , ·| ·|| r |+ ~||·|+ -||·| +| ·||--||r·| +·-| ||-| ·| ·||·|-|| +|
·||r·| ·|-| ·||·|·| +| |-|||-| +·-| r ·| ~| |-|·| r| , ~| · ·|·| ·||·|·| +| ·||·| +| ||·|·|-||·| .||++-|-| |+·|| ·|| ·|+ :
In conformity with AS 29, “Provisions, Contingent Liabilities and Contingent Assets” issued in this regard by the ICAI, the Bank
recognises provisions only when it has a present obligation as a result of a past event, it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation and when a reliable estimate of the amount of
the obligation can be made.
~|+|··|+ ~||··|·|| +| |-|·|| ··| ||·||·| |||··|| ·| -|r| |+·|| ·||·|| +·|| |+ ,·|+ +-|·|¬ | ··| ~|·| +| |-|·|| ··| r| ·|| |·|·| +·|| ·|| |·| -||
-|r| ·|| ·|+·||:
Contingent Assets are not recognised in the financial statements as this may result in the recognition of income that may never
be realized.
91
»-i ªi¸ ·il / SCHEDULE 18
-i =i + ªi ·i ·i -i lc··ilºi·ii / NOTES ON ACCOUNTS
-i«/Items ¹.¨¹.. +| |··||·| ¹.¨¹. +| |··||·|
As on 31.03.12 As on 31.03.11
(i) ·||~|·¸~|· ,%)·||·| -| I / CRAR (%) – Basel I 11.03 11.87
(ii) ·||~|·¸~|·|·|· I |·|| ,%) / CRAR - Tier I capital (%) 7.23 7.38
(iii) ·||~|·¸~|·|·|· II |·|| ,%) / CRAR - Tier II Capital (%) 3.80 4.49
(iv) ·||~|·¸~|· ,%)·||·| -| II / CRAR (%) – Basel II 12.35 13.71
(v) ·||~|·¸~|·|·|· I |·|| ,%) / CRAR - Tier I capital (%) 8.09 8.52
(vi) ·||~|·¸~|·|·|· II | ·|| ,%) CRAR - Tier II Capital (%) 4.26 5.19
(vii) ·||··| ·|·+|· +| ·| ·|··|||··|| +| .||·|·|·|
Percentage of the shareholding of the Government of India 65.19 68.13
(viii) |·|· II |·|| + ¬ | ·| ·||, ·|, ·|| ·| ~ ·| +| ·||·| ,+·| ÷ ` ·|)
Amount of subordinated debt raised as Tier-II capital 2375.00 2375.00
(` in Crore)
(ix) ~|· |·|·II | ·|| + ¬ | ·| ·| |, ·|, ·||·| ,+·| ÷ ` ·|)
,|·|-|·| ·| ||· ·|| ·| -| ··||· ·||·|·|| )
Amount raised as Upper Tier-II Capital (` in Crore) 1620.00 1620.00
(Of which borrowings in foreign currency) 0.00 0.00
(x) |·|·I ·||·|·||·| ~ ·| |-|·|·| + ¬ | ·| ·||, ·|, ·||·| ,+·|÷ ` ·|)
Amount raised as Tier-I Perpetual Debt Instruments 380.00 380.00
(` in Crore)
(xi) |·|·I | ·|| + ¬ | ·| ·| |, ·|, ·| ·||·||·| ~·| |·|| ~|·|·||-|| ·| ·|·
,||¸-|·||||¸·|) +| ·||·|
Amount of Perpetual Non Cumulative Preference Share (PNCPS) 1823.00 1823.00
raised as Tier I Capital
a) During the year, Bank allotted 58,18,887 equity Shares
to Government of India at an issue price of ` 82.49 per
Share and received ` 47,99,99,988.63 against allotment
of the above equity Shares. Out of this, ` 5,81,88,870
i s transferred to Share Capi tal Account and
` 42,18,11,118.63 towards Share Premium Account.
b) During the year, Bank also allotted 3,13,75,874 equity
Shares to LIC of India at an issue price of ` 82.49 per
share and received ` 258,81,95,846.26 against allotment
of the above equity Shares. Out of this, ` 31,37,58,740
i s transferred to Share Capi tal Account and
` 227,44,37,106.26 towards Share Premium Account.
2.0 Investments
2.1 The Details of investments and the movement of
provisions held towards depreciation on the investments/
Non Performing Investments of the Bank is given below:
+) |·| + ·| ·|-| ·| + -| ·||··| ·|·+|· +| ` -..4· .||·| ·| ·|· +
|-|·| ·| ·| -·| |· ¯-,-,--¯ , |+|| ·| ·|· ~|·| |·| |+¸ ~| · ·+·|
, |+|| ·| ·|·| + ~|·| -| + ·|·-| ` 4¯,··,··,·--.ö¹ +| ·||·| .||·|
+|: ,·|·| ·| ` ¯,-,--,-¯¨ ·| ·|· | ·|| ·||·| ·| ·|·||
` 4.,-,,-.ö¹ ·| ·|· .|||·|·|·| ·||·| ·| ~ ·||··| |+¸ ·|¸ r :
=i) |·| + ·| ·|-| ·| + -| ·||··||·| ·|||-| ·||·|| |-|·|·| +| ` -..4· .||·|
·| ·|· + |-|·| ·| ·| -·| |· ¹,¹,¯¯,-¯4 , |+|| ·| ·|· ~|·| |·| |+¸ r
~| · ,·| ~|·| -| + ·|·-| ` .¯-,-,·¯,-4ö..ö +| ·||·| .||·| +|
r : ,·|·| ·| ` ¹,¹¯,¯-,¯4¨ ·| ·|· | ·|| ·||·| ·| ·|·||
` ..¯,44,¹¯,¨ö..ö ·| ·|· .|||·|·|·| ·||·| ·| ~ ·||··| |+¸ ·|¸ r :
zu l-i·i ºi
z1 ·| + + |-|| ·| ¸| |-|| ·| |· ·| -·|»|·|;~-|·| + |-|| ·| + .||·| |+¸
·|¸ .|||·||-| + ··||·|«|| + ··|| · |-|·-||-| ·||· r ·
,·||·| +·| ÷ ` ·| );(Amount in ` Crore)
1. ·i¸ =i| / Capital
1.1 ·i¸ =i| ·i·ii ··i·ii »-i ·ii·i;Capital Adequacy Ratio
92
·i·i + «i ªi-i ·i·i + «i ªi-i ·i·i + «i ªi-i 11 -ii·i zu1z
-·i¸ -i·i-i ·i+i·ii »l·i+·i-i ·i+i·ii « l-i+ »i =i·i +i ·i+i·ii
·i+i·ii
Minimum Minimum Daily Outstanding
outstanding outstanding Average as on 31
st
during the year during the year outstanding March 2012
during the year
· || + ~ ·|·| ·| ·| || ·|, .||·|·| |·|
Securities sold under Repos 0.00 0.00 0.00 0.00
i) ·|·+|·| .||·|·| |·|;Government securities
ii. +|·|| · ~·| .||·|·| |·|
|·|·| · || + ~ ·|·| ·| ·|·|·| ·|, .||·|·| |·|
Corporate debt securities
Securities purchased under 0.00 0.00 0.00 0.00
reverse Repos
i) ·|·+|·| .||·|·| |·|;Government securities
ii) +|·|| · ~·| .||·|·| |·|
Corporate debt securities
-i«/Items ¹.¨¹.. +| |··||·| ¹.¨¹. +| |··||·|
As on 31.03.12 As on 31.03.11
(1) |-|| ·| +| ·| -·|;Value of Investments
(i) |-|| ·| +| ·|+-| ·| -·|;Gross Value of Investments
(a) ·||··| ·| ;In India 45038.34 41388.26
(b) ·||··| + ·||r·/ Outside India 1147.07 1736.17
(ii) ·| -·|»|·|;¸-|||~|, r ·| .|||·||-|;Provisions for Depreciation/NPI
(a) ·||··| ·| ;In India 409.60 187.86
(b) ·||··| + ·||r·/Outside India 4.32 9.29
(iii) |-|| ·| +| |-||-| ·| -·| /Net Value of Investments
(a) ·||··| ·| ;In India 44628.74 41200.40
(b) ·||··| + ·||r·/Outside India 1142.75 1726.88
(2) |-|| ·| |· ·| -·|»|·|;¸-|||~|, + .||·| |+¸ ·|¸ .|||·||-| +| ··||·|«||
Movement of provisions held towards depreciation on investments/NPI.
(i) .||· |·|+ ·| ·| / Opening balance 197.15 178.43
(ii) ·|| ÷ · |·| + ·| ·|-| |+·|| ·|·|| .|||·||-|
Add: Provisions made during the year 338.76 191.55
: ||·||-|-| -||·| +| ·||·| r ¸
By reduction of Operating Profit 4.45
: |||-|·|·| ~ ·|· + ·||·¸
By Exchange Difference 1.57
(iii) ·||¸ · |·| + ·| ·|-| ·|, ·||·| ÷|-|| ·|·||; | -|·| |+·| |+·|| ·|·||
~|·||·+·| .|||·||-|
Less: Write-off/ write-back of excess provisions during the year 128.01 172.83
(iv) ~ |·|·| ·| ·|;Closing balance 413.92 197.15
,·||·| +·| ÷ ` ·| );(Amount in ` Crore)
2.2 ª ·ii -i -i« -i ; Repo Transactions
,·||·| +·| ÷ ` ·| );(Amount in ` Crore)
93
·| . ·||·|+·|| ·||·| |-|·|| ·||· |· ·|·|· ‘|-|| ·| ·| ·|| ·| |-|·-|’ ‘· |·| ·| ,·|·’ ‘~·| ||·|·|’
~|·| -| +| ·||·|| .||·|·| |·|·|| +| ·||·|| .||·|·| |·|·|| +| ·||·|| .||·|·| |·|·|| +| ·||·||
No. Issuer Amount Extent of Extent of Extent of Extent of
Private ‘Below ‘Unrated’ ‘Unlisted’
Placement Investment Securities Securities
Grade’
Securities
(1) (2) (3) (4) (5) (6) (7)
(i) ·|.-| .+ ·|+·| / PSUs 224.11 28.64 0.00 166.21 0.84
(ii) ||·||·| ·| ··||¸ / FIs 1830.66 1650.36 183.26 486.14 569.53
(iii) ·| + / Banks 536.70 484.96 2.00 19.83 185.59
(iv) |-|·|| + |-|| / Private Corporates 977.85 747.17 86.59 330.67 151.78
(v) ~-| ·| ·||;·| ·| +·| ···|;Subsidiaries/ Joint Ventures 249.61 249.61 0.00 249.61 249.61
(vi) ~-·| ;Others 1302.11 251.12 0.00 1114.63 1292.35
(vii) =·i ·ii ·i ,i) ·| ,vi) ·|+
Sub Total (i to vi) 5121.04 3411.86 271.85 2367.09 2449.70
(viii) ·||¸ ·| -·|»|·| + .||·| |+·|| ·|·|| .|||·||-|
Less Provision held towards depreciation 226.69 0.00 0.00 0.00 4.32
(ix) ·|| ·| / Total (vii-viii) 4894.35 3411.86 271.85 2367.09 2445.38
(ii) »-i=i + ·i ªªii l·il·i+ ·i-il-il·i »-i ·ii·i l-i·i ºi / Non performing Non-SLR investments
|||··| / Particulars 31.03.2012
~·|·| ·| / Opening balance 12.31
|·| + ·| ·|-| ||·|·| -| /Additions during the year 90.76
|·| + ·| ·|-| +| |·|·|| / Reductions during the year 1.19
~ |·|·| ·| ·| / Closing balance 101.88
|+¸ ·|¸ + -| .|||·||-| / Total provisions held 52.90
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
2.3 ·i ª ªii l·il·i+ ·i-il-il·i »-i ·ii·i l-i·i ºi ªi l·i-ii·i/Non-SLR Investment Portfolio
(i) ·i ª ªii l·il·i+ ·i-il-il·i »-i ·ii·i l-i·i ºi + =iiªl+·ii »i +l ªi ª·i-ii/ Issuer composition of Non SLR investments
2.4 l·il-i·i ·i lºi·ii +l iil·i-i¸ l·i·ii -i l+¢ ·i¢ l-i·i ºi +i ªi+-i -i¸ -·i l-i--ii-i ªiiª r ·
The gross value of Investments held in different categories of securities is as under:
l·i·iªºi / Particulars 31.3.2012 31.3.2011
||·|+|·|| ·|+ ·|||··|;Held to Maturity
· .||·| ·| ·|| ;-exempted category 1597.27 1384.20
~-·|;-others 31539.23 26700.53
|·|+| r ·| ·|-|··|;Available for Sale 12870.05 15039.66
+·|||+·| r ·| ·|||··|;Held for Trading 178.86 0.04
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
2.5 Sale and transfers to/from HTM Category
The value of sales and transfers of securities to/from HTM
category has not exceeded 5% of the book value of investments
held in HTM category at the beginning of the year.
zä ¢·icl¢-i ·i ºil +i /ªi l·i+l ¢·i » ·iªºi
¸||¸·| ·| ·|| +| ;·| |·|+| ¸| ~ ·|··| +| ·| -·| |·| + ~|· ·| ·| ¸||¸·|
·| ·|| ·| ··| ·|¸ |-|| ·| + ·|r| ·| -·| + 5% ·| ~|·|+ -|r| r ~| r :
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
94
During the financial year 2011-12 there was transfer of securities
from ‘Available for Sale’ (AFS) to Held to Maturity (HTM) category
of ` 3529.69 Crores with the approval of Board of Directors
(BOD) at the beginning of the year. Depreciation amounting to
` 45.14 Crore on account of such transfer has been charged to
Profit and Loss Account.
3.0 ··i ··i--i / Derivatives
3.1 ·ii·i«i «ª +ªiª/··ii=i «ª ª·ii·i / Forward Rate Agreement/ Interest Rate Swap
3.2 l·il-i-i·i ··ii·iiª ··ii=i «ª ··i ··i·i / Exchange Traded Interest Rate Derivatives:
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
·|· / Items 2011-12 2010-11
i) ·||| +·|· +| ~|-| ·|||-|+ ·| -|·|-|
The notional principal of swap agreements 3300.00 4075.00
ii) +·|· + ~ ·|·| ·| +|· · |||·|| ;|·| ~|-|
·||·|·|| +| | ·| +·-| ·| | + |+¸ ·||-| |· ·|, ·||-| ||-|| r||-|
Losses which would be incurred if counter parties failed to
fulfill their obligations under the agreements 16.54 10.51
iii) ·||| ·| ·|||·|-| r| -| |· ·| + ;|·| ~| |-|·| ·| |||·|+
Collateral required by the bank upon entering into swaps 0.00 0.00
iv) ·||| ·| ··|·| ~ ·| ·|| |·|·| +| ·| + -·|
Concentration of credit risk arising from the swaps 0.00 0.00
v) ·||| ·|r| +| ·||·| ·| -·|
The fair value of the swap book 0.23 -3.03
+·| ·| . |||··| ·||·|
S.No. Particulars Amount
(i) |·| + ·| ·|-| .||· ·| |+¸ ·|¸ |||-|·|·| ·||||· ··||·| ·· ·| ·|·| +| ~|-| ·|||-|+ ·| -|
·||·| ,|-|·|·|||·)
Notional principal amount of exchange traded interest rate derivatives
undertaken during the year (instrument-wise)
+) \ a)
·|) \ b)
·|) \ c)
(ii) |·-|| + ¹ ·||| .¨ +| |··||·| + ~-| ·||· ·|+|·|| |||-|·|·| ·||||· ··||·| ·· ·| ·|·| +|
~|-| ·|||-|+ ·| -| ·||·| ,|-|·|·|||·)
Notional principal amount of exchange traded interest rate derivatives
outstanding as on 31
st
March 2011(instrument-wise) 0.00
+) \ a)
·|) \ b)
·|) \ c)
(iii) ¸ ·| |||-|·|·| ·||||· ··||·| ·· ·| ·|·| +| ~|-| ·|||-|+ ·| -| ·||·| ,|-|·|·|||·) ·|| ·|+|·|| r
|· ·| "~··| ·| .|·||||" -|r| r
Notional principal amount of exchange traded interest rate derivatives 0.00
outstanding and not "highly effective" (instrument-wise)
+) \ a)
·|) \ b)
·|) \ c)
(iv) ¸ ·| |||-|·|·| ·||||· ··||·| ·· ·| ·|·| +| · |-|+ ·||·||· ·| -·| ,|-|·|·|||·) ·|| ·|+|·|| r
|· ·| "~··| ·| .|·||||" -|r| r
Mark-to-market value of exchange traded interest rate derivatives
outstanding and not “highly effective” (instrument-wise)
+) \ a)
·|) \ b)
·|) \ c)
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
|·| + ~|· ·| ·| |-|· ·|+ ·| ÷-| + ~-| ·|| ·-| + |·||·| ||··||·| |·|
.¨. + ·| ·|-| ` ¹¯.·.ö· +·| ÷ +| ~ ·|··| '|·|+| + |-|¸
·|-|··|' ,¸¸+¸·) ·| ·|| ·| ||·|+|·|| ·|+ ··|-| r ·| ' ,¸·-|¸-) ·|·||
·| |+·|| ·|·||: ,·| ~ ·|··| |· ` 4¯.4 +·| ÷ +| ·| -·|»|·| -||·| ¸|
r||-| ·||·| ·| ·||·|| ·|·||:
95
3.3 Disclosures on risk exposure in derivatives
a) Qualitative Disclosures
i) The Structure and organization for management of risk in
derivatives trading:
The organization structure consists of Investment Wing at
the Corporate level which report to the Executive Directors
and Chairman & Managing Director and ultimately to the
Board. Risk Management Department is informed of the
transactions as and when they take place.
ii) The scope and nature of risk measurement, risk reporting
and risk monitoring systems:
a) The Interest Rate Swap (IRS) transactions
undertaken by the Bank are for hedging and
trading purposes. Derivative as a product is also
offered to the customer as per RBI norms. Such
transactions are undertaken as per policies of
the bank formulated based on RBI guidelines.
b) The risk is measured in the interest rate derivative
transactions depending on the movement of
benchmark interest rates for the remaining life
of the interest rate swap contracts. All interest
rate derivative transactions are included for the
purpose of ri sk measurement. The ri sk i s
evaluated and reports are placed to the CMD/
ED daily and Board periodically. Risk is monitored
based on the mark to market position of the
interest rate derivative transactions.
(iii) Policies for hedging and /or mitigating risk and strategies
and processes for monitoring the continuing effectiveness
of hedges/ mitigants:
IRS is undertaken on the actual interest bearing underlying
assets or liabilities. The notional principal amount and
maturity of the hedge does not exceed the value and
maturity of underlying asset/liability. The risk is monitored
on the mark to market basis of the outstanding interest
rate swap contracts and accordingly the effectiveness of
the hedge is determined.
Collateral required upon entering into IRS is Nil. Notional
principal amount of IRS multiplied by the relevant
conversion factor and the respective risk weight of the
counter party has been taken into account for determining
the capital requirements.
11 ··i ··i--i -i =ºi =ii l=i-i +i ii+cl+ªºi
+) ·i ºii·-i+ ?fUxefUhK
,i) ·| ·|--| -| -|· -| ·| ·|| |·|·| .|·| ·| +| ·| ·|-|| ~| · ·|-|·
·| ·|-||··|+ «|| + ~ ·|·| ·| +|·|| · ··|· |· |-|| ·| ·+ ·| r ·||
+|·| ||-|+ |-|· ·|+, ~··|-| ¸| .|·| ·| |-|· ·|+ ·|·|| ~ ·|·|· |-|· ·|+
·| ÷-| +| |·|| +··|| r : -| -|· -| + ·|·|·| ·-|+ ·||· ·| ·|| |·|·| .|·| ·|
||·||·| +| ·| ||·| |+·|| ·||·|| r :
,ii) ·|| |·|·| ·|||, ·|| |·|·| ·| |-|| ~| · ·|| |·|·| |-|·|·|-|| .|·|||-|·|| +| -| ~|
~| · ·|¬ |·
+) ·| + ;|·| |+¸ ··||·| ·· ·||| ,~|, ~|· ¸·|) ·| ·| ·||
-| -|· -| + |-| ·|||| ·||··|| ¸| +·|||+·| + .|·|| ·|-||·|
|+¸ ·||·| r : · |-+| +| · .·.| ·.·|· + ¬· -
-|.|·. · + + -|-· ÷| + ~- ·|· |·¸ ¬|. - i ·
-| -· - ·||.|·.·| + + |··|||-|· ·|| + ~|·||· |· ·|-||,
·|, ·| + +| -|||·|·|| + ~-| ·||· |+¸ ·||·| r :
,·|) ··||·| ·· ·||| ·| ||·|~| +| ·| ·| ~||·| + |-|¸
·| |·||+ ··||·| ··| + ··||·|«|| + ~|·||· |· ··||·|
·· ·| ·|-| -| -|· -| +| ·|| |·|·| ·|||| ·||·|| r : ·|| |·|·|
+| ·||| + .|·|| ·|-||·| ·|·|| ··||·| ·· ·| ·|--| -| -|· -|
+| ·|||·|-| |+·|| ·||·|| r : ·|| |·|·| +| ·| -·|| +-|
|+·|| ·||·|| r ·|·|| |·|| ~..|.|-|.;+|.|-|. + ·|·|-|
.||·||·-| ~| · |-|· ·|+ ·| ÷-| + ·|·|-| ~|||·|+ ¬ | ·|
.|··| ·| +| ·||·|| r : ··||·| ·· ·| ·|--| -| -|· -| +|
·||+ ·||+ |··||·| + ~|·||· |· ·|| |·|·| |· |-|·|·|-||
··|| ·||·|| r :
,iii) ·|| |·|·| ·| ·|||| ~| ·;·|| ··|+ ·|·|-| + |-|¸ -|||·|·|| ·|·|| ·||||
·||··||;.|·||·|+| +| |-|· ·|· .|·||||·|| |· |-|·|·|-|| ··|-| +| +|·| -|||·|
¸| .||+·||·
||··| ||·|·|| ·|| · ·|·||~| + ||··|||+ ··||·| ·||· + |-|¸ ··||·| ·· ·|||
|+·|| ·||·|| r : ~|-| ·|||-|+ ·| -|·|-| ~| · ·|||| +| ||·|+|·|| |-||r·|
||··| ||·|;· ·|·|| + ·| -·| ~| · ||·|+|·|| ·| ~|·|+ -|r| r| ·|| r : ·|+|·||
··||·| ·· ·||| ·| ||·|~| +| ·||+ ·||+ |··||·| + ~|·||· |· ·|| |·|·|
|· |-|·|·|-|| ··|| ·||·|| r ·|·|| ·|·-| ·||· ·|||| +| .|·||||·|| |-|·|| |··| +|
·||·|| r :
··||·| ·· ·||| +·-| |· ~| |-|·| · ·||· + ·| -·| r : | ·|| ~| -||
~|·|||··| +·-| + |-|¸ ·| ·| ·|·| ||·|·| -|+|·+ ·| ·| ·|| +| ·|, ··||·|
·· ·||| +| ~|-| ·|||-|+ ·| -| ·||·| ~| · .||·|||| +| ·| ·| |·|·| ·|| |·|·|
·|||··|| +| |r·||·| ·| -| |-|·|| ·|·|| r :
96
c) Other Disclosures for Interest Rate Swaps
The Bank has undertaken fixed to floating and floating to
fixed interest rate swaps on underlying assets and liabilities.
The loss of income on the above IRS will be ` 16.54 Crore
(`10.51 Crore), in case counter-parties fail to fulfill their
obligations. There is no concentration of credit risk arising
from IRS transactions undertaken as the counter-parties
are banks and the exposure is within the exposure limit
permitted.
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
+.·| . |||··|
Sl.No.Particulars 2011-12 2010-11
·| -| ·| ·|·| ··||·| ·· ·| ·|·| ·| -| ·| ·|·| ··||·| ·· ·| ·|·|
Currency Interest rate Currency Interest rate
Derivatives derivatives Derivatives derivatives
1 ·| ·|·| ,~|-| ·|||-|+ ·| -|·|-| ·||·|)
Derivatives (Notional Principal Amount) 27793.69 3300.00 28,258.60 4,075.00
+)/a) ·|||| + |-|¸ / For hedging 27793.69 150.00 28,258.60 150.00
·|)/b) +·||:|+·| + |-|¸ /For trading 0.00 3150.00 0.00 3,925.00
2 ·||+÷ ·||+ |··||·| /
Marked to Market Positions
+)/a) ~||··| ,+) / Asset (+) 84.04 0.23 23.43 0.00
·|)/b) · ·|·|| ,) \ Liability (-) 3.84 0.00 3.99 3.03
3 ~·| ¸+·|| ·|· \ Credit Exposure 988.20 35.29 853.14 45.76
4 ··||·| ·· ·| ¸+ .||·|·|·| ||·|·| -| +| ·| ·||||·| .|·||| ,¨¨*||||¨)
Likely impact of one percentage change
in Interest rate (100*PV01)
+)\ a) ·|||| ·| ·|·| |· \ on hedging derivatives
~|·|+·|·| \ Maximum NA -9.61 NA -8.79
-·| -|·|·| \ Minimum NA -1.19 NA 1.88
·|)\b) +·||:|+·| ·| ·|·| |· \ on trading derivatives
~|·|+·|·| \Maximum NA 0.36 NA -6.66
-·| -|·|·| \ Minimum NA 0.10 NA 0.60
5 |·| + ·| ·|-| ¨¨*||||¨ + ~|·|+·|·| ~| · -·| -|·|·| |-|·-||-||·|·| |· ||¸ ·|¸
Maximum and Minimum of 100*PV01 observed during the year
·||||·||··|| |· \ on hedging
~|·|+·|·| \ Maximum NA -7.76 NA -5.04
-·| -|·|·| \ Minimum NA 1.93 NA 0.99
+·||:|+·| |· \ on trading
~|·|+·|·| \ Maximum NA 0.30 NA -3.74
-·| -|·|·| \ Minimum NA 0.28 NA 3.93
·i) ··ii=i «ª ª·ii·i + l-i¢ »-·i ii+c-i
·| + -| |-||r·| ||··| ||·|·|| ~| · · ·|·||~| |· |··|· ·| ~|··|· ~| · ~|··|·
·| |·.|· ··||·| ·· ·| ·|--| |-|¸ r : ·||· +|· · |||·|| -| ~|-| ·||·|·|
| · -|r| |+¸ ·|| ·|·| +·| ··||·| ·· ·||| |· `ö.¯4 +·| ÷ ,`¨.¯
+·| ÷) +| -| +·||-| r| ·||: ··||·| ·· ·||| + ·| ·| ·| ·| |+¸ ·|¸ -| -|· -|
·| ~ ·| ·|| |·|·| +| ·| + --·| -|r| r ~| r +·|| |+ +|· · ||| ·| + r
~| · ¸+·||| ·|· ~-| ·|·| ¸+·||| ·|· ·||·|| + ·||·|· r :
=i)/b) ii-ii>ii·-i+ ii+cl+ªºi Quantitative Disclosures
97
| -|·| ·||·| ·||-|+ ~|·|·|
Standard advances restructured ··||·+·|| ~| +| ·| ··|| / No. of Borrowers 2 1141 10466
·|+|·|| ·||·| / Amount outstanding 140.95 98.01 792.70
··||·| , ·||·| ·| -·| ·| »|·|)
Sacrifice (diminution in the fair value) 0.00 1.66 0.79
| -|·| ·||·| ~|·||-|+ ~|·|·|
Sub-Standard advances restructured ··||·+·|| ~| +| ·| ··|| /No. of Borrowers 0.00 3 52
·|+|·|| ·||·| / Amount outstanding 0.00 11.84 1.20
··||·| , ·||·| ·| -·| ·| »|·|)
Sacrifice (diminution in the fair value) 0.00 0.00 0.00
| -|·| ·||·| ·| |···| ~|·|·|
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 2 1144 10518
·|+|·|| ·||·| / Amount outstanding 140.95 109.85 793.90
··||·| , ·||·| ·| -·| ·| »|·|)
Sacrifice (diminution in the fair value) 0.00 1.66 0.79
4.0 ·ilªªi ·il-i ·i ºi·i··ii / Asset Quality
4.1 »-i=i + ·ilªªi ·il-i / Non-Performing Asset
-i« \ Items 2011-12 2010-11
(i) |-||-| ~|·|·| +| ·|-|-|| ·| |-||-| ~-|·|+ ||··|||·| ,%) / Net NPAs to Net Advances (%) 1.96 1.84
(ii) ~-|·| + ||··| ||·| ,·|+-|) +| ··||·|«|| / Movement of NPAs (Gross)
,+);(a) 1 ~ .|-| +| |··||·| + ~-| ·||· ·|+-| ~-|·| + ||··| ||·| / Gross NPAs as on 1st April 3150.36 1666.43
,·|)/(b) |·| + ·| ·|-| ||·|·| -| / Additions during the year 2401.16 2729.91
-|, ~-|·|+ ||··|||·|; (Fresh NPAs) Plus Exchange Differances
,~);(A) ·|·|| ·| / Sub-total 5551.52 4396.34
,·|);(c) ·||| / Less:
(1) +| | ·--|·|-| / Upgradations 416.66 225.91
(2) |·| -|| ,·| ÷ ·|«|¸ ·|¸ ·||·| ·| +| ·|, |·| -|| +| ·| ÷+·)
Recoveries (excluding recoveries made from upgraded accounts) 658.11 433.70
(3) ·|,| ·||·|| / Write-Offs 390.55 586.37
,~|);(B) ·|·|| ·| / Sub-total 1465.32 1245.98
,·|)/(d) ¹ ·||| +| |··||·| + ~-| ·||· ·|+-| ~-|·| + ||··| ||·| ,~~|)/Gross NPAs as on 31st March (A-B) 4086.20 3150.36
(iii) |-||-| ~-|·| + ||··| ||·| +| ··||·|«|| / Movement of Net NPAs
,+);(a) ~·| ·| ·| / Opening balance 1824.55 966.28
,·|)/(b) ~|·|·| ·|·| ; Closing balance 2263.94 1824.55
(iv) ~-|·| + ||··| ||·| + |-|¸ .|||·||-| ·| ··||·|«|| ,·||-|+ ||··| ||·|·|| + |-|¸ .|||·||-| +| ·| ÷+·)
Movement of provisions for NPAs (excluding provisions on standard assets)
,+);(a) ~·| ·| ·| / Opening balance 1281.29 687.36
,·|);(b) |·| + ·| ·|-| |+¸ ·|¸ .|||·||-| ,|||-|·|·| ~ ·|· ~| · .||·|-| ·|-| +| ·| ÷+·)
Provisions made during the year (including exchange difference and write back)* 759.83 1180.30
* Exchange Differance is of ` 0.38 Crores.
,·|);(c) ·|, ·||·| ÷|-|-|| / Write-off 390.55 586.37
,·|);(d) ~ |·|·| ·| ·| / Closing balance 1650.57 1281.29
4.2 ·i -iªi ªl·i·i =rr·rr +r |·r·rººr/Particulars of Accounts Restructured
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
CDR SME Debt
Mechanism Restructuring Others
·||÷|~|· .|·||-|| ¸·|¸·|, ~ ·| +| | -|·| ·|-||
~-·|
98
4.3 »ilª·i ·i -iªi ª·i-ii + l-i¢ iil·i-i¸ l·i+ªºi/·i -iªi ª·i-ii + ·i-il +i ·i ·il ·i¡ l·i-il·i »ilª·i·ii + ··ii ª
Details of financial assets sold to Securitization / Reconstruction Companies for Asset Reconstruction
|||··| / Item 2011-2012 2010-11
(i) ·||·|| +| ·| ··|| / No. of accounts 2 62
(ii) ¸·| ·||; ~|· ·|| +| ·| | ·|¸ ·||·|| +| + -| ·| -·| ,.|||·||-| +| ·| ÷+·)
Aggregate value (net of provisions) of accounts sold to SC/RC 11.54 23.17
(iii) + -| .||·|+-| / Aggregate consideration 16.49 34.44
(iv) ·| | + |·|| ·| ~ ·||··| ·||·|| +| ·|||·| |·| -| ·|¸ ~|·||·+·| ·||·|+-|
Additional consideration realized in respect of accounts transferred in earlier years 0.00 0.00
(v) |-||-| ·|r| ·| -·| ·| ~|·|+ + -| -||·|-r||-|
Aggregate gain/loss over net book Value 4.95 11.26
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
4.4 =iªl«l ·i¡ /·i ·il ·i¡ »-i=i + l·i-il·i »ilª·i·ii + ··ii ª / Details of Non performing financial assets purchased/sold
»/A. =iªl«l ·i¡ »-i=i + l·i-il·i »ilª·i·ii + ··ii ª /Details of Non performing financial assets purchased:
l·i·iªºi / Particulars 2011-12 2010-11
,+) |·| + ·| ·|-| ·|·|· ·|¸ ·||·|| +| ·| ··||
1) (a) No. of accounts purchased during the year ·| -·|;Nil ·| -·|;Nil
,·|);(b) + -| ·|+|·||/Aggregate Outstanding —- —-
2. ,+);(a) ·|·| · ·| ·| |·| + ·| ·|-| | -|·| ·||·| ·||·|| +| ·| ··||
Of these, number of accounts restructured during the year —- —-
,·|);(b) + -| ·|+|·||;Aggregate Outstanding —- ——
»i/B. ·i ·il ·i¡ »-i=i + l·i-il·i »ilª·i·ii + ··ii ª /Details of Non performing financial assets sold:
l·i·iªºi / Particulars 2011-12 2010-11
1. ·|| ·|¸ ·||·|| +| ·|··|| / No. of Accounts sold 2 62
2. + -| ·|+|·|| /Aggregate Outstanding 17.70 97.13
3. + -| .||·|+-| .||·| /Aggregate consideration received 16.49 34.44
·|· /Item 2011-12 2010-11
·||-|+ ~||··|·|| r ·| .|||·||-| /Provisions towards Standard Assets 502.73 396.38
4.5 -ii-i+ »l:i-i ·iª iii·i·ii-i/Provisions on Standard Assets
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
5.0 +iªi ·iiª »-i ·ii·i /Business Ratios
·|· /Items 2011-12 2010-11
(i) +|·| +|·| |-||·| +| ·| -|-|| ·| ··||·| ~|·| +| .||·|·|·| / Interest Income as a percentage to Working Funds 9.07 8.25
(ii) +|·| +|·| |-||·| +| ·| -|-|| ·| ··||·| ·|· ~|·| +| .||·|·|·|
Non-interest income as a percentage to Working Funds 0.60 0.67
(iii) +|·| +|·| |-||·| +| ·| -|-|| ·| ||·||-|-| -||·| +| .||·|·|·|;Operating Profit as a percentage to Working Funds 1.74 1.96
(iv) ~||··|·|| |· ~|·| /Return on Assets 0.69 0.66
(v) .||·| +·| ||·| +|·| ·||· ,·|·|| | ~|·|·|) / Business (Deposits plus advances) per employee 11.64 +·| ÷;Cr. 10.69 +·| ÷;Cr.
(vi) .||·| +·| ||·| -||·| / Profit per employee 5.09 -||·|;lakh 4.19 -||·|;lakh
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
99
7.0 ¢+ªi·ii =iª/Exposure:
7.1 -i¸ - -- --ªi ·i«i =i >i +i =ºi/Exposure to Real Estate Sector
·| ·||/Category 2011-12 2010-11
»/a) ii··i=i ¢+ªi·ii =iª / Direct exposure
(i) ¸ ·|| ~|||·||·| ·| ||·| +| ·| ·|+ ··|+· |·¸ ·|¸ | ·| ·|· .||·|·| ·| ··||· ·|| ··||·+·|| + ··|-| ·| r ·||
r| ·|| ·|| ·|| |+·|¸ |· ·| ·|, r| ,.||·||·|+·|| .||·| -| ~| ~|·|·| ·| ·|||·|-| +·-| ·|| ··| | ·||·+ ~|||·|
~ ·| | ·|+·|· .|·|·|·| |+¸ ·||¸ )
Residential Mortgages – Lending fully secured by mortgages on residential 4562.44 5038.54
property that is or will be occupied by the borrower or that is rented;
(Individual housing loans eligible for inclusion in priority sector advances may 3161.08 3203.08
be shown separately );
(ii) |||·||··|+ ··|||· ·| |·| +| ,+|·|| -|·| ·||-|, + +· ·||-|| ··||-|, ·|r ·· ·||·| |||·||··|+ ||··|·,
·|r ||·||· ~|||·||·| ·||-|, ·|r |+·|¸ ||-| |||·||··|+ ||··|·, ··| ·| ·|| | ·|· r|··| + |-| ·||-|| ··||-|,
·| |·| ~|·|·|r·|, ||+|·| ¸| |||-|·|| ·|, ~||·) ·| ·|+ ··|+· |·¸ ·|¸ .||·|·| ·| ··||·: ¸+·||| ·|· ·| ·| ·|-||·|
~|·|||··| ,¸-|¸+·||) ·||·|| ·|| ·|||·|-| r :
Commercial Real Estate – Lending secured by mortgages on commercial 4522.79 5228.90
real estate’s (office buildings, retail space, multi-purpose commercial premises,
multi-family residential buildings, multi-tenanted commercial premises, industrial
or warehouse space, land acquisition, development and construction, etc.).
Exposure would also include non-fund based (NFB) limits;
(iii)·| ·|+ ·|·||·|·| .||·|·| |·| ,¸·|·||¸·|) ¸| ~-·| .||·|·| ·| ~·| ·| |-|| ·|
Investments in Mortgage Backed Securities (MBS) and other securitized
exposures –
+;a.~|||·||·| ; Residential, 7.93 5.25
·|;b.|||·||··|+ ··|||· ·| |·| ; Commercial Real Estate. 0.00 0.00
»i/b) ~.|··|-| ~·|;Indirect Exposure 2019.38 1917.81
·|· |·| ~|||·| ·| + ,¸-|¸|·||) ¸| r|·|·|·| +|,-| ·| + ||-|·||
,¸|¸+·||) +| |-||·| ~|·|||··| ¸| ·| ·|-||·| ~|·|||··| ~·|
Fund based and non-fund based exposures on National Housing
Bank (NHB) and Housing Finance Companies (HFCs).
-i¸ ªi ·i«i =i >i +i + -i =ºi (»+»i)/Total Exposure to Real Estate Sector (a+b) 11112.54 12190.50
6.0 Asset Liability Management - Maturity-pattern of certain items of asset and liabilities as on 31.3.2012
PARTICULARS Day 1 2 to 7 8 to 14 15 to 28 29 days Over 3 Over 6 Over 1 Over 3 Over 5 Total
days days days and up to months months year and years and years
3 months and up to and up up to up to
6 months to 1 year 3 years 5 years
·|·||/Deposits 305.46 5053.25 3504.38 4644.06 39279.33 12086.48 40565.18 13985.48 2442.65 32137.22 154003.49
~|·| ·|/Advances 1442.44 1708.89 1791.53 1494.69 9480.38 8992.83 12556.03 32697.62 12942.31 34397.32 117504.05
|·||·|
Investments 4813.75 1200.42 982.31 1070.56 8974.54 2448.55 9826.72 5048.82 1296.62 10523.12 46185.41
··||·/Borrowings 7139.01 203.50 0.00 152.62 508.75 170.83 98.31 782.89 660.88 3184.63 12901.42
||· ·|| ·| -|
~||··|·||
Foreign
Currency
Assets 960.87 1391.37 426.48 588.26 4101.62 2436.79 3757.76 1348.10 328.23 1141.68 16481.16
||· ·|| ·| -|
··|·||·
Foreign
Currency
Liabilities 69.83 1827.06 400.76 558.29 3540.21 2765.66 1426.89 3358.67 291.23 2242.56 16481.16
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
|·· |··| ·| º ·| : ·| - |··| º ·||r ·| ~ ·||r ·| |·| ·| º |·| ·| : |·| ·| + -|
|··| « |··| º ·| º ~|·|+ ·| ~|·|+ ·| ~|·|+ ·| ~|·|+ ·| ~|·|+
·|+ ·|+ |··| ·||r -| +· ~ -| +· -| +· º -| +· :
·|+ ·|+ ·||r ·|+ |·| ·|+ |·| ·|+ |·| ·|+
êu »ilª·i « ·i·ii ii·i ·i l«-ii + 11u1zu1z +i »ilª·i·ii ¢·i « ·i·ii»i +l + o -i«i +l ·ilª·i+·i·ii +i ª·i= ·i
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
100
7.2 ·i¸ =il ·ii=iiª +i ¢+ªi·ii =iª/Exposure to Capital Market
>rºr|/Particulars 2011-12 2010-11
(i) , |+|| ·| ·|· ¸ ·| ||·|·| -||·| ·|| ÷, ||·|·| -||·| |÷·| |· ~| · , |+|| ~|·|·| ·| ··| | ~-| + ÷ + ·| |-||
·| .|··|-| |-|| ·|, |·|·|+| ~|·||··| ·| |-||·| +| | ·| ·|· |-|| ·| +||| · ~·| ·| -| |+·|| ·|·|| r| ,
Direct investment in equity shares, convertible bonds, convertible debentures 525.13 503.64
and units of equity-oriented mutual funds the corpus of which is not exclusively
invested in corporate debt;
(ii) ·| ·|·| ,~|, ||~| ;, ¸·|~| || ·||r·|), ||·|·| -||·| ·|| ÷| , ||·|·| -||·| |÷·| |·| ~| · , |+|| ~|·|·| ·|
··| | ~-| + ÷ + ·| |-|| ·| |-|| ·| r ·| ·||··|| +| ·| ·|·;·|| ÷;|÷·| |· ·|| ~-·| .||·|·| |·|·|| + .||·|
·|| |-|·| ·| ~|·||· |· ~|·|·|,
advances against shares / bonds / debentures or other securities or on clean 0.02 0.12
basis to individuals for investment in shares (including IPOs/ESOPs), convertible
bonds, convertible debentures, and units of equity-oriented mutual funds;
(iii) |+-r| ~-·| .|·|| ·|-| + |-|¸ ~|·|·|, ·|r| ·| ·|· ·|| ||·|·| -||·| ·|| ÷ ·|| ||·|·| -||·| |÷·| |· ·||
, |+|| ~|·|·| ·| ··| | ~-| + ÷ + ·| |-|| +| .||·||·|+ .||·|·| |·| ·||-|| ·||·|| r ,
advances for any other purposes where shares or convertible bonds or 0.00 0.00
convertible debentures or units of equity oriented mutual funds are taken as
primary security;
(iv) |+-r| ~-·| .|·|| ·|-| + |-|¸ ··| ·||·|| ·|+ ~|·|·|, ·|| ·| ·|· ·|| ||·|·| -||·| ·|| ÷ ·|| ||·|·| -||·|
|÷·| |· ·|| , |+|| ~|·|·| ·| ··| | ~-| + ÷ + ·| |-|| +| ·| ||·| |+ .||·|·| |·| ;|·| .||·|·| ·| r| ·||-|| ·|r|
·| ·|·;||·|·| -||·| ·|| ÷, ||·|·| -||·| |÷·| |·;, |+|| ~|·|·| ·| ··| | ~-| + ÷ + ·| |-| ·| |·|--| .||·||·|+
.||·|·| |·| ~|·|·| +| | ·| ·|·r ·| ·|-|·| -| +··|| r| ,
advances for any other purposes to the extent secured by the collateral security 0.00 86.39
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;
(v) ·| ·|· ·-||-|| +| |·¸ ·||-| ||-| .||·|·| ·| ¸| ~|.|·|·| ·| ~|·|·| ·|·|| ·| ·|· ·-||-|| ¸| ·| ·|·
·| ·| -|-|+·|| ~| +| ~| · ·| ·||·| ·||· |,
secured and unsecured advances to stockbrokers and guarantees issued on 113.20 133.20
behalf of stockbrokers and market makers;
(vi) ·| ·||·|-| ·| |-| +| .|··||·|| ·| -|, + ||-|·|| +| , |+|| ·| .||·| + + ~ ·|·|-| +| | ·| +·-| + |-|¸
·| ·|·;·|| ÷;|÷·| |· ·|| ~-·| .||·|·| |·|·|| + .||·| ·|| |-|·| ·| ~|·||· |· + ||-|·|| +| ·| ·||+ ·| ~·|,
loans sanctioned to corporate against the security of shares /bonds/ debentures 0.00 0.00
or other securities or on clean basis for meeting promoter’s contribution to the
equity of new companies in anticipation of raising resources;
(vii) .|··|||·|·| , |+|| .|||r;|-|·| ·| + .||·| + ||-|·|| +| |·¸ ·|¸ | ·+ ~·|,
bridge loans to companies against expected equity flows/issues; 0.00 0.00
(viii) ·| ·|· ·|| ||·|·| -||·| ·|| ÷ ·|| ||·|·| -||·| |÷·| |· ·|| , |+|| ~|·|·| ·| ··| | ~-| + ÷ + ·| |-|| +
.||·||·|+ |-|·| ·| +| ·|||·| ·| +| ;|·| +| ·|, r|·||·|·| .||·|·|,·||,
underwriting commitments taken up by the banks in respect of primary issue of shares 0.00 0.00
or convertible bonds or convertible debentures or units of equity oriented mutual funds;
(ix) ·|||·|-| |÷·| + |-|¸ ·| ·|· ·-||-|| +| ||··||| ·|·|/financing to stockbrokers for margin trading; 0.00 0.00
(x ) | |· + ||-| + ÷ ,·|·|· |+ ·| ¸| ~·|·|· |+ ·| ·| -|| ) ·|·|| ~·|
all exposures to Venture Capital Funds (both registered and unregistered) 194.50 194.50
·i¸ =il ·ii=iiª +i + -i ¢+ªi·ii =iª /Total exposure to Capital Market 832.85 917.85
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
101
Based on the total assets of the Bank as on 31.03.2012, the
provision requirement on account of Country Exposure is Rs.
Nil. The Bank has taken a stock of its exposure in countries other
than the home country as on 31st March, 2012. The Bank's net
funded exposure in each country is below 1% of its assets.
7.4 Details of Single Borrower Limit (SBL), Group Borrower
Limit (GBL) exceeded by the bank.
A. Single Borrower Limit exceeded by the Bank:
B.Group Borrower Limit exceeded by the Bank - NIL
7.5 Unsecured Advances
|||·|;Particulars 31.03.2012 +| l=·il·i + »-i =iiª/As at 31st March 2012
·| + + + -| ~|.|·|·| ·| ~|·|·|
Total Unsecured Advances of the Bank 27636.39
(+) |·|-|·| ·| ~·|·| ·||·|·||·|·|| ·|·|| ·|,·|, -||,·| ·|, ·|||·|+|·
~||· ·|· ·||· + ·||·| ·|+|·|| ~|·|·| +| ·||·|
a) Of which amount of advances outstanding against charge
over intangible securities such as rights,licences,authority etc |-|· +;NIL
(·|) ¸ ·|| ~·| ·| ·||·|·| |·|·|| +| ~|-| ·|||-|+ ·| -·|
b) The estimated value of such intangible securities -||·| -|r|;Not Applicable
Risk Category Exposure (net) as at
31
st
March 2012
Provision held as at
31
st
March 2012
Exposure (net) as at
31
st
March 2011
Provision held as at
31
st
March 2011
-|·|··|;Insignificant ºº:«-º ºº«:
+·|;Low ::º: ~º~
·||·||-·|;Moderate º:- º:º
~|·|+;High -º ~º
~··||·|+;Very High º
·|||·|·|;Restricted
~·|·|·;Off-credit
+-iTotal «---º: º::ºº
7.3 =ii l=i-i ·i ºil·iiª + c l ¢+ªi·ii =iª / Risk Categary wise Country Exposure
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
=ii l=i-i 31 -ii·i, 2012 +l lª·il·i + 31 -ii·i, 2012 +l lª·il·i 31 -ii·i, 2011 +l 31 -ii·i, 2011 +l lª·il·i +
·i ºil lª·i·i + »-i ªiiª »-i ªiiª l+·ii ·i·ii lª·il·i + »-i ªiiª = ºi (l-i·i-i) »-i ªiiª l+·ii ·i·ii
= ºi (l-i·i-i) iii·i·ii-i iii·i·ii-i
|·-|| + ¹.¨¹..¨. +| |··||·| + ~-| ·||· ·| + +| + -| ~||··|·|| +
~|·||· |· + | ¸+·||| ·|· + ·|· ·| .|||·||-| ·| -·| r : ·| + -| ¹ ·|||
.¨. +| |··||·| + ~-| ·||· ~|-| · ·| ·| |·|--| · ·|| ·| |·¸ ·|¸ ~·|| +|
·|| | +| r : .|··| + · ·| ·| ·| + +| |-||-| |-||·|+ ¸+·||| ·|· ··|+|
~||··|·|| + ¯ ·| +·| r :
¨4 ·i + øiªi »l·i+l-i·i ¢+-i =·iiª+·ii =ºi ªil-ii (¢ªi·il¢-i),
ªi-i¸ r =·iiª+·ii =ºi ªil-ii (=il·il¢-i) + ··ii ª
(») ·i + øiªi »l·i+l-i·i ¢+-i =·iiª+·ii =ºi ªil-ii
Sl. No Name of the
Borrower
Exposure
Ceiling
Limit
sanctioned
Period during
which
limit exceeded
Amount exceeded
during the
period in col.5
Board sanction
details
Position as
on 31.03. 12
1 2 3 4 5 6 7 8
·| -·|;NIL ·| -·|;NIL ·| -·|;NIL ·| -·|;NIL ·| -·|;NIL ·| -·|;NIL ·| -·|;NIL ·| -·|;NIL
+-rr+ =·rrº+·rr ¢+ªi·ii =iª +| =r=·r|+·r ¤·r|·r,|¤r=r+ +r -r-r s -r =|--r|=r·r ·rr = +| ºJ.cº.Jº +
+r -rr-r =--r·r-r =r|-rr =ºr =r|-rr «r ºr-r =ºr =r|-rr ¤·r|·r + «r ºr-r |¤r·r-r| =r =·r|+ |·r ¤-r =rrº |=·r|·r
+r ¤|·r+-rºr r ¤r ºr|ºr +r ¤|·r+-rºr r ¤r +r ··rr ºr
(»i) ·i + øiªi »l·i+l-i·i ªi-i¸ r =·iiª+·ii ªil-ii l-iª +
¨ä »lii·i-i¸ ·i »l:i-i
,·||·| +·| ÷ `. ·| ) / (Amount in ` Crore)
,·||·| +·| ÷ ` ·| ) / (Amount in ` Crore)
102
8.2. Disclosure of penalties imposed by RBI.
Reserve Bank of India has not imposed any penalty on the
Bank u/s 46(4) of the Banking regulation Act, 1949
9.0. Disclosures Requirement as per Accounting Standards:
9.1 There is no material "prior period item" included in Profit &
Loss account required to be disclosed as per AS - 5 issued
by ICAI read with RBI guidelines.
9.2 Revenue Recognition
Commission earned on Letter of Credit and Guarantees
issued are recognised on realization basis as per Bank's
accounting policy which is not in accordance with AS-9.
However, the amount is insignificant.
9.3 AS - 15 -Employee Benefits
Provision for Employee Benefits viz. Pension, Gratuity,
Leave Encashment, Sick Leave, LFC/LTC, medical benefits
to retired and in service Directors and their family members
etc. has been made as per Revised Accounting Standard
(AS) -15. In terms of Limited Revision to AS-15 Employee
Benefits (Revised 2005) and guidelines notes thereon, the
Bank has decided to recognise the increase in transitional
liability over the liability that could have been recognised
as per the Pre Revised AS-15 as on 31.03.2007 as an
expense on a straight-line basis over 5 years from financial
year 2007-08. Accordingly, ` 88.69 Crore has been charged
to Profit and Loss Account towards amortisation of the
increase in liability. There is no unamortized portion as at
the end of the financial year 2011-2012 in this regard.
During the last financial year, the Bank reopened the
Pension option for such of its employees who had not opted
for Pension scheme earlier. The Bank in result incurred an
additional liability of ` 507.84 Crore due to the same. In the
last financial year too, the limit of Gratuity payable to the
employees was enhanced to pursuant to the amendment
of Gratuity Act, 1972. As a result the liability of Bank was
also increased by ` 292.51 Crore. As per RBI guidelines as
enumerated in circular no. DBOD. BP.BC. 80.21.04. 018/
2010-11 dated 09.02.2011, the Bank decided to amortise
the entire expenditure ` 800.35 Crore in five years beginning
from financial year 2010-11. Accordingly a sum of `160.07
Crore (` 160.07 Crore) is charged to Profit and Loss A/C in
terms of the requirements of the above RBI Circular. The
balance amount of ` 480.21 Crore (` 640.28 Crore) is carried
forward.
8. Miscellaneous
8.1 Amount of Provision made for Income Tax
l·i·iªºi;Particulars 31.03.2012 31.03.2011
~|·|+· + |-|¸ ·|||·||-|;Provision for Income Tax
·||··| ·| ;In India 316.08 316.78
·||··| + ·||r·/Outside India 17.77 7.34
(·||·| +·| ÷ ` ·| )/(Amount in ` Crore)
8. 8. 8. 8. 8. l·il·i·i
8. 1 8. 1 8. 1 8. 1 8. 1 »i·i+ª + l-i¢ l+¢ ·i¢ iii·i·ii-i +| ªilºi
8. 2 8. 2 8. 2 8. 2 8. 2 -ii. .. .. lª. .. .. ·i + øiªi »l·iªi l·i·i ºiil=·i·ii +i ii+c-i
·||··||·| |··|| ·| + -| ·| |+·| |||-|·|·|-| ~|·||-|·|·| 1949 +| ·||·|
46( 4) + ~·||-| ·| + ·|· +| , ·|||··| ~|·|·| |·|·| -|r| +| r :
9. 0 9. 0 9. 0 9. 0 9. 0 -i =ii -ii-i+ + »-i =iiª ii+c-i »·i =ii»
9. 1 9. 1 9. 1 9. 1 9. 1 -||·|-r||-| -| ·| ·| +| , ?~||·| ·|| ·|·? ·|||·|-| -|r| |+·|| ·|·||
r , |·|·| ·||. |·. ·| + + |··|||-|· ·|| + ·||·| ·||·| ~|, ·||¸~|,
;|·| ·||·| ¸¸·|-5 + ~-|·||· ·|+|·| |+·|| ·||-|| ~·||-|·| r:
9. 2 9. 2 9. 2 9. 2 9. 2 ªi=i=·i +i -ii-·i·ii
·||·| |+¸ ·|¸ ·||·|-·|~| ¸| ·||· |·|| ·|· ~|·|·| +·||·|-| ·| + +|
-| ·|| -|||·| + ~-| ·||· |·| -|| ~|·||· ·|· ··| +| ·||·|| r , ·||
¸¸·|-9 + ~-| ·||· -|r| r : r|-|| |+, ,·|+| ·||·| -|·|·| r :
9. 3 9. 3 9. 3 9. 3 9. 3 ¢¢=i – –– –– 15 15 15 15 15 – –– –– +-i -iiª| lr·i-ii-i
+·| ||·| |r·|-||·| ·||-|| ·| ·|-|, ··|·|-|, · ,| +| -|+·|+·|,
·||·||·| · ,|, ¸-|¸+·||/ ¸-||·||, ·| |||-|| ··| ¸| ·| ||··| |-|· ·|+|
~||· ·|·|| ·-|+ ·||·||· + ·|···|| + |-|¸ |||+··|| ·| ||·||,
~||· r ·| ·| ·|| |·|·| -| ·|| ·||-|+ (¸¸·|-15) + ~-| ·||· ·|||·||-|
|+·|| ·|·|| r : ¸¸·|-15 +·| ||·| |r·|-||·| (·|·||·|·|||·|·| 2005) ·|
|+¸ ·|¸ ·|||·|·| ·| ·|| ·|-| ~| · ··|·| ·| ·| |·|·| |··|||-|· ·| + ~-| ·||·
|-|·|·| |+¸ ·|¸ · ·|·|| ·| ·| + -| | |, +| r , |·|·| |·-|| + 31.03.2007
+| ·| | ·| ·|| |·|·| ¸¸·|-15 ·| ||··||·| |·| 2007-08 ·| ·||| |·||
·|+ |+¸ ·||-| ||-| ·|·| + ¬ ·| ·| ·||-·|·|| · -| +| |-|| ·| |+·||
·|·|| r : ·|·-| ·||·, · ·|·|| ·| | |, +| ·||··|| ·|-| +·-| + |-|¸ -||·|-
r||-| ·||·| +| `88.69 +·| ÷ ·| ·|||··| |+·|| ·|·|| r : ||··||·| |·|
2011-12 +| ·|·|||··| ·|· ,·|·| ·| ·| |·|·| +| , ~·||··|| |·|·| ~ ·|
-|r| r :
|·|·-| ||··||·| |·| + ·| ·|-| ·| + -| ¸ ·| +·| |||··|| + |-|¸ ·| ·|-|
+| ||+-·| |+· ·| ·| ¬ |+·|| r , |·|-r|-| ·|| ·| ·|·|-| ·||·|-|| +
|-|¸ ||+-·| -|r| |··|| ·||: ,·|+ +|·| ·| + +| ` 507.84
+·| ÷ +| ~|·||·+·| · ·|·|| +| |r-| +·-|| ·|÷| r : |·|·-| ||··||·|
|·| ·| ·|| +·| |||··|| +| |·¸ ·||-| ||-| ··|·|-| +| ·||·|| +|
··|·|-| ~|·||-|·|·|, 1972 ·| ·| ·|| ·|-| + ~-| ·||· ·| ·|| |·|·| |+·||
·|·|| ·||: ,·|+ +|·| ·|| ·| + +| · ·|·|| ·| ` 292.51 +·| ÷ +|
| | , r , : ·| | ··| | ·| | ··| | · | + + · | | ·· | ~| + ·| | +
÷|·||~| ÷|.·||·||.·|||.80.21.04.018/2010-11 |·-|| + 09. 02. 2011
+ |-|· ·|| + ~-| ·||·, ·| + -| ` 800. 35 +·| ÷ +| ,·| ·| ·| ·||·|
+| ||··||·| |·| 2010-11 ·| ·||· ·| +·+ ·|| | |·|| ·| ·||··|| |·|·|
+·-| +| |-|| ·| |+·||: ,·|| ·|+|· ·||··||·| |··|| ·| + + ·+·|
·||··|~| +| ~·| -||~| + ~-| ·||· ` 160.07 +·| ÷ (`160.07
+·| ÷) +| ·||·| ·| -||·|-r||-| ·||·| +| ·||·|| ·|·|| r : ·| ·|
`480.21 +·| ÷ (`640.28 +·| ÷) +| ·||·| +| ~·|·|||··| |+·||
·|·|| r :
103
|-||·|+;FUNDED ~|-||·|+;UNFUNDED
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| |-|· ·|+| +|
-|+·|+·| ¸-||·|| · ,| |||+··|| ·|·| ||·||
Pension Gratuity Leave LFC/ LTC Sick Leave Med. Benefits to
Encashment Directors
·||· |·|+ ·||·|·|
Opening Obligation 3066.66 744.64 252.24 22.51 7.55 0.17
||-| ·| || -||·|·|
Current Service Cost 178.22 33.37 41.96 --- 2.04 0.00
··||·| -||·|·|
Interest Cost 260.66 59.12 21.44 1.91 0.64 0.02
·|···| |r·|-||·|
Benefit Paid (324.73) (98.16) --- --- --- ------
·||·|| |++ r||-|/( -||·|)
Actuarial Loss/(Gain) 69.84 81.10 (34.54) 0.87 (2.05) 0.10
~ |·|·| ·||·|·|
Closing Obligation 3250.65 820.07 281.10 25.29 8.18 0.29
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
` 160.07 +·| ÷ (`160.07 +·| ÷) + ~|·||·+·| `584.17 +·| ÷
( ` 461. 84 +·| ÷) +| ·||·| ||-| |·| +| · ·|·||~| + ¬ ·| ·|
-||·|-r||-| ·||·| ·| ·||, ·|, r , |·|·|·| +·| ||·| |r·|-||·| ·|
·| ·| |·|·| · ·|·||~ ·|||·|-| r :
In addition to ` 160.07 Crore (` 160.07 Crore), an amount
of ` 584.17 Crore (` 461.84 Crore) which includes liability
for the employees benefits, has been charged to Profit and
Loss Account towards current year's liabilities.
iiiª l-i+ ¢·i » l·i-i «il·i··i- -- --ºi ·i +i l-i-ii-i : / Reconciliation of opening and closing balances of obligations:
iiiª l-i+ ¢·i » l·i-i ·ii =i-ii »il=·i ºi ·i +i l-i-ii-i / Heccoc|||at|co ct cµeo|oq aod c|cs|oq ca|aoces ct µ|ao assets:
(·||·| +·| ÷ ` ·| )/(` in Crore)
·| ·|-|;Pension ··|·|-|;Gratuity
·|| ·|-|| ~||··| +| ·||· |·|+ ·| -·|
Opening Value of Plan Assets 2316.81 450.27
·|| ·|-|| ~||··| ·|· ·|··|||·|·| ·||·|+-|
Expected Return on Plan Assets 210.60 43.22
~ ·|·|-|
Contributions 892.27 406.49
·|···| |r·|-||·|
Benefits Paid (324.73) (98.16)
·||·|| |++ -||·|/( r||-|)
Actuarial Gain/(Loss) (139.70) 16.41
·|| ·|-|| ~||··| +| ~ |·|·| ·| -·|
Closing Value of Plan Assets 2955.25 818.23
104
-ii-i- -- --ril-i -i =ii l·i·iªºi -i -ii-·i·ii iii··i ··i·i;Expenses Recognized in Statement of Profit & Loss Account
(·||·| +·| ÷ ` ·|)/(` in Crore)
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| · ,| |-|· ·|+|
-|+·|+·| ¸-||·|| +| |||+··||
·|·| ||·||
Pension Gratuity Leave LFC / LTC Sick Medical
Encashment Leave Benefits
to Directors
||-| ·| || -||·|·|
Current Service Cost 178.22 33.37 41.96 --- 2.04 ---
··||·| -||·|·|
Interest Cost 260.66 59.12 21.44 1.91 0.64 0.02
·| | ·| ||~| +| -||·|·|
Past Service Cost ----
·|| ·|-|| ~||··| ·|· ·|··|||·|·| ·||·|+-|
Expected Return on Plan Asset (210.60) (43.22) --- --- --- ---
|·| ·| ·||-·|·|| ·||··| ·| ,
·||·|||++ r||-|/( -||·|)
Net Actuarial Loss/ (Gain)
Recognized in the Year 209.54 64.69 (34.54) 0.87 (2.05) 0.10
-||·|-r||-| |||·| ·| ·||-·|·|| ·||··| ·|·|
Expenses Recognized in
Statement of Profit/Loss 437.82 113.96 28.86 2.78 0.63 0.12
=i-ii·ii-i+ ·i ·i|-ii l++ -ii-i/ // // ril-i;Actuarial Gain/Loss Reconciled
(·||·| +·| ÷ ` ·| )/(` in Crore)
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| · ,| |-|· ·|+|
-|+·|+·| ¸-||·|| +| |||+··||
·|·| ||·||
Pension Gratuity Leave LFC / LTC Sick Medical
Encashment Leave Benefits
to Directors
|·| + |-|¸ ·||·|| |++ r||-|/
(-||·|)- ·||·|·|
Actuarial Loss/(Gain)
for the Year - Obligation 69.84 81.10 (34.54) 0.87 (2.05) 0.10
|·| + |-|¸ ·||·|| |++ -||·|/
(r||-|) – ·|| ·|-|| ~||··|
Actuarial Gain/(Loss)
for the Year - Plan Asset (139.70) 16.41 --- --- --- ---
|·| + |-|¸ + -| r||-|/( -||·|)
Total Loss /(Gain) for the Year 209.54 64.69 (34.54) 0.87 (2.05) 0.10
·||·|||++ r||-|/( -||·|)
|·| ·| ·||-·|·|| ·||··|
Actuarial Loss/(Gain)
Recognised in the Year 209.54 64.69 (34.54) 0.87 (2.05) 0.10
105
=i ºii ·i-i- -- --·i¸ ·i ¢¢=i- 15 - 15 - 15 - 15 - 15 « -i«iª| =i »l·i+ =i +-iºi+i-i|-i « -i«iª| ( (( ((=ii·il·i =ºi) )) )) ( (( ((·i·i 2007- 08 2007- 08 2007- 08 2007- 08 2007- 08 =i iiiª -i +ª 2011- 12 2011- 12 2011- 12 2011- 12 2011- 12 ·i+ 5 55 55 ·i·ii -i ·ilªºii l·i·i l+¢
=ii-i r ·i ) )) ))/Transitional Liability (TL) in excess of Pre-revised AS-15 liability ( to be amortised in 5 years commencing from the
year 2007-08 and ended on 2011-12)
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| · ,| |-|· ·|+|
-|+·|+·| ¸-||·|| +| |||+··||
·|·| ||·||
Pension Gratuity Leave LFC / LTC Sick Medical
Encashment Leave Benefits
to Directors
·| ·|| ·|-|-·| | ¸¸·|-15 · -|·|·|
·| ~|·|+ ·| +·||+|-||-| · -|·|·|
Transitional Liability (TL)
in excess of Pre-revised AS-15 liability 293.18 66.92 56.54 20.79 6.00 ---
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
·| ·|-| ··|·|-|
Pension Gratuity
· ·|·||~| ·| ·| ·|| ·|-| ·| ·||||·|
Liability subjected to amortization 507.84 292.51
-||·|-r||-| |||·| ·| ·||-·|·|| ·||··| ·| ·|| ·|-|-·||
¸¸·|-15 · ·|·|| ·| ~|·|+ ·| +·||+|-||-|
· ·|·|| +| 1/ 5 ·||·| ·||··|| |·|·| ·||·|
Amortisation amount being 1/5th
of Transitional Liability in excess of
Pre-Revised AS-15 liability recognized
in Statement of Profit / Loss 58.64 13.40 11.29 4.16 1.20 ---
·| ·|-| + |-|¸ |;·||·| ||+-·| r ·| · ·|·||
·| | |, ~| · ·| ||··| +·| |||··|| +| ·|||·|
··|·|-| ·||·|| ·| ||, +| 1/ 5 ·||·|
·||··|| |·|·| ·||·|
Amortised amount being 1/5th of
increase in liabilities for second
option for pension and enhancement
of gratuity limit in respect of employees
in service 101.57 58.50 --- --- --- ---
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| · ,| |-|· ·|+|
-|+·|+·| ¸-||·|| +| |||+··||
·|·| ||·||
Pension Gratuity Leave LFC / LTC Sick Medical
Encashment Leave Benefits
to Directors
31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 +i =i ·iiª·i +-i -iilª·ii +i ·i ºi-i + l-i¢ lø·i|·i l·i+-·i « -i ·i·ii =·i«i-i =i|-ii +i ` 3. 5 3. 5 3. 5 3. 5 3. 5 -ii=i =i ·i«i+ª ` 10 10 10 10 10 -ii=i ·i lq +ª-i r ·i
« ·i·ii -i ·i lq »i ª ( (( ((·i·i 2010- 11 2010- 11 2010- 11 2010- 11 2010- 11 =i iiiª -i +ª 5 55 55 ·i·ii -i ·ilªºiil·i·i l+¢ =ii-i r·i ) )) ))
Increase in liabilities for second option for Pension and enhancement of gratuity limit from ` 3.5 lacs to ` 10 lacs in respect
of employees in service as on 31.03.2011 (To be amortized in 5 years commencing from the year 2010-11)
106
·i -i-i- -- --·i>i -i -ii-·i·ii iii··i ªilºi;Amounts Recognized in the Balance Sheet
(·||·| +·| ÷ ` ·| )/(Amount in ` Crore)
·| ·|-| ··|·|-| · ,| +| ¸-|¸+·||/ ·||·||·| · ,| |-|· ·|+|
-|+·|+·| ¸-||·|| +| |||+··||
·|·| ||·||
Pension Gratuity Leave LFC / LTC Sick Medical
Encashment Leave Benefits
to Directors
31. 03. 2012 +| |··||·| + ~-| ·||·
·||·|·| +| |·| ·||-| ·| -·|
Present Value of Obligations
as at 31.03.2012 3250.65 820.07 281.10 25.29 8.18 0.29
31. 03. 2012 +| |··||·| + ~-| ·||· ·|| ·|-||
~||··|·|| +| ·||·| ·| -·|/ ·|||·||-| +| ·||·|
Fair Value of Plan Assets/Amount
of Provision held as at 31.03.2012 2955.25 818.23 252.24 22.51 7.55 0.17
·| -|-|-·|~| ·| ·||-·|·|| ·||··| |-||-|
· -|·|·|/( ~||··|)
Net Liability/(Asset) recognized
in the Balance Sheet 295.40 1.84 28.86 2.78 0.63 0.12
+ -- ·|·+|· +| ·||·|·| |·|·|| · ·|··| ·|·+|· +| ·||·|·| |·|·||
Central Government & State Government Securities 43.98
·||| ·||-|+ -| ~| + ··|+·| + ·|| ÷ ~||·
PSU Bonds etc. 42.06
||·|·| ·|·|| |-|· +
Special Deposit NIL
~-·| ~||··|·||
Other Assets 13.96
+ -|;Total 100.00%
Investment Details:
a) Investment with LIC of India for Gratuity Fund - 100%
b) Major Categories of Plan assets as percentage of Fair Value
in respect of Pension Fund
l-i·i ºi + ··ii ª
(+) ··|·|-| |-||·| + |-|¸ ·||··||·| ·|||-| ·||·|| |-|·|·| ·| |-|| ·|-100%
(·|) ·| ·|-| |-||·| +| ·|||·| ·||·| ·| -·| + ·||·|·|·| + ¬·| ·| ·|| ·|-||
~||··|·|| +| ·|·| ·| ·| ||·||
-i¸ -i ·i|-ii l++ »-i -ii-i/Þr|oc|µa| Actuar|a| Assuæµt|cos :
·| ··| ·· ·|||-|+|;Mortality Rate Table ·|||-| ·||·|| |-|·|·|;LIC(1994-96)
~|·|||·|·|| ~|·| ;Superannuation Age 60 |·| ;60 Years
·|·|·|·| | ·| |||-|| |·| ~| · ||+-|| ·|·||;Early Retirement & Disablement 10 ·||·||·| ·||·| r·||·/10 Per Thousand Per Annum
45 |·| +| ~|·| ·| ~|·|+ + 6/ 6 Above age 45
29 ¸| 45 |·| + ·||| + 3/ 3 between 29 and 45
29 |·| ·| +·| ~|·| + 1/ 1 below age 29
|··||·|·|| ··/Discount Rate 8.50 %
·| -|·+||·| ··/Inflation Rate 5.00 %
·|| ·|-|| ~||··| ·|· ·||·|+-|;Return on Plan Asset 9.09% ( ·| ·|-| r ·| ;For Pension )
9.60% ( ··|·|-| r ·|/For Gratuity )
·| ·| ·||+·| ·|||-|;Remaining Working Life 9 |·| ;Years
·|·| +·| ·| ~|/Formula Used ~-| ·|||-|·| ·| |-| + + |÷ ·||,·|;Projected Unit Credit Method
107
(·||·| +·| ÷ ` ·| )/(Amount in ` Crore)
·|·| +|··|| · / r| -|·| -| ·| |+·| |· -| ·| |+·| ~-·| ·| |+·| ·||·||-|-| ·|| ·|
Business Treasury Corporate/Wholesale Retail Banking Other Banking Total
Segment Banking Operations
|||·| ||-| |·| ||-| |·| |·|·-| |·| ||-| |·| |·|·-| |·| ||-| |·| |·|·-| |·| ||-| |·| |·|·-| |·|
Particulars Current Previous Current Previous Current Previous Current Previous Current Previous
Year Year Year Year Year Year Year Year Year Year
·||·||·|
Result 367.61 334.22 489.09 379.57 240.44 178.12 53.12 52.65 1150.26 944.56
~-||·| |·|
·|·|
Unallocated 0.00 0.00
Expenses
·||·||-|-| -||·|
Operating
Profit 2811.42 2694.96
~|·|+·
Income Tax 41.59 38.02
~·||·||-·|
-||·|/ r||-|
Extraordinary 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit/Loss
|-||-| -||·|
Net Profit 1108.67 906.54
~-·| ·| |-||
Other
Information
·| ·|·|
~||··|·||
Segment 61288.83 61387.33 92303.48 79515.98 26906.09 22495.14 0.00 0.00 180498.40 163398.45
Assets
~-||·| |·|
~||··|·||
Unallocated 0.00 0.00
assets
+ -| ~||··|·||
Total Assets 180498.40 163398.45
·| ·|·|
· ·|·||¸
Segment 50799.85 49019.18 100425.06 89156.74 29273.49 25222.53 0.00 0.00 180498.40 163398.45
Liabilities
~-||·| |·|
· ·|·||¸
Unallocated 0.00 0.00
Liabilities
+ -| · ·|·||¸
Total 180498.40 163398.45
Liabilities
9.4 =i ·i-i c lª·ii lc·i/Segment Reporting
-ii·i- -- --» +iªi ·iiª =i ·i-i c/Part A: Business Segment
108
9.5 Related Party Disclosures:
a) Key Management Personnel
i) Chairman and Managing Director
Shri Arun Kaul (From 01.09.2010)
ii) Executive Directors
Shri Ajai Kumar ( Till 30.09.2011)
Shri N.R. Badrinarayanan (From1-9-2010)
Shri S. Chandrasekharan (From 01.10.2011)
b) Transactions with Key Management Personnel
(·||·| -||·| ` ·|)/ (Amount in ` lakh)
·|·| ·| ·|·| ·|-| +||·|+ ~||·| ·|· ·||·|
Key Management Period Items Amount
Personnel
·|| ~· | +| -| 01. 04. 2011 ·| ·|||··||·|+,
~··|-| ¸| ·|·| ·| |-|· ·|+ 31. 03. 2012 ·||·-||··|·|| ¸| ·|| ··||r-|
Shri Arun Kaul 01.04.2011 to Remuneration, 14.61
CMD 31.03.2012 perquisites & Incentive
·|·||;Deposits 25.36
·| +| ·| + + ·| ·|· ·| |-|| ·| (·| .)
Investments in UCO Shares 0.00
·||··| ··||·| /Interest Received 1.76
··||·/Borrowings 0.00
·|| ¸-|.~|·. ·|-|-||·|·||-| 01. 04. 2011 ·| ·|||··||·|+,
+|·| ·||-|+ |-|· ·|+ 31. 03. 2012 ·|+ ·||·-||··|·|| ¸| ·|| ··||r-|
Shri N.R. Badrinarayanan 01.04.2011 to Remuneration, perquisites
ED 31.03.2012 & Incentive 12.58
·|·||;Deposits 10.71
·| +| ·| + + ·| ·|· ·| |-|| ·| (·| .)
Investments in UCO Shares 0.00
·||··| ··||·|/Interest Received 0.24
··||·/Borrowings 0.00
·|| ¸·|. |--·| ·|·- 01. 10. 2011 ·| ·|||··||·|+,
+|·| ·||-|+ |-|· ·|+ 31. 03. 2012 ·|+ ·||·-||··|·|| ¸| ·|| ··||r-|
Shri S. Chandrasekharan 01.10.2011 to Remuneration,
ED 31.03.2012 perquisites & Incentive 6.16
·|·||;Deposits 0.90
-ii·i- -- --»i : :: :: -ii ·ii l-i+ =i ·i-i c / Part B: Geographic segment
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
|||·|;Particulars · ·||;Domestic ~ ·|··|· |·|;International ·|| ·|;Total
||-| |·| |·|·-| |·| ||-| |·| |·|·-| |·| ||-| |·| |·|·-| |·|
Current Year Previous Year Current Year Previous Year Current Year Previous Year
·|·|·|;Revenue 15294.66 12042.33 303.26 253.88 15597.92 12296.21
~||··|·|| ;Assets 167351.10 153268.46 13147.30 10129.99 180498.40 163398.45
9.5 =i ·i l·i·i ·iici ?fUxefUhK·
+) ii-i =i ii·i ·i-i +il-i+
|j »··i=i ¢·i ii·i ·i l-i« ºi+
·|| ~·| +| -| (|·. 01.09.2010 ·|)
||j +i·i ·ii-i+ l-i« ºi+·iºi
·|| ~·|·| + ·||· (|·. 30.09.2011 ·|+)
·|| ¸-|.~|·. ·|-|-||·|·||-| (|·. 01.09.2010 ·|)
·|| ¸·|. |--·| ·|·-| (|·. 01.10.2011 ·|)
·|) ii-i =i ii·i ·i-i +il-i+i + =ii·i -i -i-« -i
( .)
Investments in UCO Shares 0.00
/Interest Received 0.01
0 0 . 0 s g n i w o r r o B /
01.04.2011 ,
30.09.2011
Shri Ajai Kumar, EX-ED 01.04.2011 Remuneration,
2 4 . 6 e v i t n e c n I & s e t i s i u q r e p 1 1 0 2 . 9 0 . 0 3 o t
2 8 . 2 1 s t i s o p e D
( .)
Investments in UCO Shares 0.00
/Interest Received 1.19
0 0 . 0 s g n i w o r r o B /
As compiled and certified by the management
Key Management Period Items Amount
Personnel
c) Associates
Regional Rural Banks sponsored by the Bank are as under:
i) Jaipur Thar Gramin Bank
ii) Kalinga Gramya Bank
iii) Bihar Kshetriya Gramin Bank
iv) Mahakaushal Gramin Bank
v) Paschim Banga Gramin Bank
d) The transactions with Associates have not been disclosed
in view of Para -9 of the 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 Enterprises
9.6 . EARNINGS PER SHARE (EPS):
Basic & Diluted EPS after Extra-ordinary item: ` 15.02 per
share
·i) =ir·ii ·i|
·| + ;|·| ·||·|| |·|·| -| ~||·| ·||·||| ·| + |-|·-||-| ·||· r
, ·|·|·| · ·||· ·||·||| ·| +
, +|-|·| ·||··| ·| +
, |·|r|· -| ~||·| ·||·||| ·| +
», ·|r|+| ·|-| ·||·||| ·| +
», ·|··- ·|·| ·||·||| ·|+
·i) ·|r·|| |·|·|| + ·||·| -| -|-· -| +| ·|+-| ¸¸·|-18, ‘‘ ·|·||·|·| ·|||
·|+-| + ·| ·|-9 + ·|· -|·|· -|r| |+·|| ·|·|| r +·|| |+ ··|·|
·|··| |-|·| |~|·| ···|| +| ¸ ·|| ~-·| ·| ·| |·|·| ·|||·|| + ·||·|, ·||
·|·| ·|··| |-|·| |~|·| ···| r, |+¸ ·||-| ||-| -| -|-· -| ·| ·| ·|| ·|+-|
+·-| ·| · |··|| ·|·|| r :
9.6. iil·i ºi ·iª »=i -i (; ·i|¢=i):
~·||·||·| ·|· + ·||· ·| -| ¸| ÷|,-| ÷ ·||·| ·| ·|· ~·| -|· ·||·| ·| ·|·
` 15.02
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
31.3.2012 31.3.2011
, |+|| ·| ·|··||·+| + |-|¸ ··|-|··| +·
+ ·||· |-||-| -||·| (+·| ÷ ` ·| )
Net profit (` in crore) after tax
available for equity shareholders 942.73 787.29
, |+|| ·| ·|·| +| ·| ··||
Number of equity shares 66,47,12,240 62,75,17,479
·|| |·|·|·|||··| , |+|| ·| ·|·| +| ·| ··||
Weighted Number of equity shares 62,77,20,729 55,08,58,911
·||·| ·| ·|· ·|| + |·|+ ·| -·| (·||·| ` ·| )
Nominal Value per Share (Amount in `) 10.00 10.00
·||·| ·| ·|· ·| |·|+ ¸| ÷|,-| ÷ ~·| -| (·||·| ` ·|)
Basic & Diluted Earnings per Share (Amount in `) 15.02 14.29
iil·i ºi ·iª »=i -i (; ·i|¢=i) +i ·ilª+-i-i / Calculation of EPS
110
(·||·| +·| ÷ ` ·|)/(Amount in ` Crore)
|||·| |·-|| + 31. 03. 2012 +| |·-|| + 31. 03. 2011 +|
|··||·| + ~-| ·||· |··||·| + ~-| ·||·
Particulars As on 31.03.2012 As on 31.03.2011
»i=·il·i·i +ª »il=·i·ii ;Deferred Tax Assets
~|·| -| ·||, ·|, r||-|/Carried forward loss 397.26 258.23
· ,| + -|+·|+·| + |-|¸ ·|||·||-|;Provision for leave encashment 91.22 83.79
·||·| ·| -·| ·| »|·|/Diminution in fair value 65.01 61.01
| ·|-| ·| ·|| ·|-| + |-|¸ ·|||·||-|/ ¸¸·|-15/ Provision for wage revision/AS-15 11.65 165.79
·||-|+ ~||··|·|| + |-|¸ ·|||·||-|;Provision for Standard Assets 154.73 ----
~|-| ~||··|·|| ·|· ·| -·|»|·|/Depreciation on Fixed Assets 14.60 9.94
+·|/ ~|+|··|+ · ·|·|| ~||· + |-|¸ ·|||·||-|Provision for Fraud/Contingent liability etc. 28.70 26.83
·ii ·i·/TOTAL : 763.17 605.59
(·||·| +·| ÷ ` ·| )/(Amount in ` Crore)
|||·| |·-|| + 31. 03. 2012 +| |·-|| + 31. 03. 2011 +|
|··||·| + ~-| ·||· |··||·| + ~-| ·||·
Particulars As on 31.03.2012 As on 31.03.2011
»i=·il·i·i +ª « ·i·ii¢ ;Deferred Tax Liabilities
¸¸·|-15 + ~-| ·||· +·| ||·| |r·|-||·| +| ~·||··|| |·|·| ~ ·|
Unamortized portion of employees 155.83 29.46
benefit as per AS-15
·||r·|| ¸| ~|·| +· + ·||| |-|| ·| ·| -·| ·| ~ ·|·
Difference in Investment valuations 413.98 461.70
between books and Income Tax
·ii·i·/TOTAL: 569.81 491.16
»i=·il·i·i +ª »il=·i·ii ( (( ((l-i·i-i) )) ))/Deferred Tax Assets (Net) 193.36 114.43
9.7 As the Bank does not have Subsidiaries or controlling
interest in Associates/Joint Ventures, AS 21 relating to
Consolidated Financial Statements, AS 23 relating to
Accounting for Investments in Associates in Consolidated
Financial Statements and AS 27 relating to Financial
Reporting of Interest in Joint Ventures issued by the ICAI
are not applicable to the Bank.
9.8 Taxes on Income
a) During the year net amount of ` 78.93 Crore (` 30.51 Crore)
has been recognised as Deferred Tax Asset as per
accounting standard AS-22. However, DTA on carried
forward loss as per return to the extent of ` 120.51 Crore
(` 371.27 Crore) has gone for appeal, has not been
recognised on account of prudence.
9.7 | |+ ·|r·|| |·|·|| / ·| ·| +·| ···|| ·| ·| + +| ·|r·|| ·|| ·|| |-|·| ~|+
|r·| -|r| r , ~·|· ~|, ·||¸~|, ;|·| ·||·| ·|·| |+·| ||··||·| |||·|
·| ·| ·| |·|·| ¸¸·| 21, ·|·| |+·| ||··||·| |||·| ·| ·|r·|| |·|·|| ·|
|-|| ·| + |-|¸ -| ·|| ·| ·| ·| |·|·| ¸¸·| 23 ~| · ·| ·| +·| ···|| ·|
|r·| +| ||··||·| |··|| |·| ·| ·| ·| |·|·| ¸¸·| 27 ·| + ·|· -||·| -|r|
r :
9.8 »i·i ·iª +ª
+) |·| + ·| ·|-| -| ·|| ·||-|+ ¸¸·|-22 + ~-| ·||· ` 78.93 +·| ÷
(`30.51 +·| ÷) +| |-||-| ·||·| +| ·|r||-| ÷ +÷ +·| ¸·| +
¬ ·| ·| +| ·|, r : ·|·|||·|, |·-| + ~-| ·||· ~|·| -| ·||, ·|,
`120.51 +·| ÷ (`371.27 +·| ÷) +| r||-| ·|· ÷ +÷ +·| ¸·|
+ |-|¸ ~·||-| +| ·|, r, -| |+-| ||| +·| | ·||-|· ÷| + ~-| ·||·
··| ·||+|· -|r| |+·|| ·|·|| r :
111
b) In accordance with the "Guidance Note on Accounting for
credit available in respect of MAT under the Income Tax
Act, 1961" issued by the ICAI, the MAT credit for the current
year amounting to ` 292.26 Crore (` 286.10 crore) has been
credi ted to P&L Account under "Provi si ons and
Contingencies" by debiting MAT credit entitlement Account
since the management is of the opinion that the MAT credit
can be set off during the specified period as per the
Provisions of the Income Tax Act, 1961.
9.9 Intangible assets
Fixed Assets include computer software, which has been
considered as intangible assets as per AS-26 issued by
the ICAI. The movement in software asset is given below:
·|) ~|, ·||¸~|, ;|·| ·||·| ‘‘~|·|+· ~|·||-|·|·|, 1961 + ~·||-|
-·| -|·|·| ¸+| ·|· +· +| ·||·|·| ··|-|··| ~| r ·| -| ·|| ·| ·| ·||
|··|||-|· ·| -|| '+ ~-| ·||· ||-| |·| + |-|¸ ` 292.26 +·| ÷
(` 286.10 +·| ÷) + -·| -|·|·| ¸+| ·|· +· ~| +| -||·| ¸|
r||-| -| ·|| ·| ‘‘ ·|||·||-| ¸| ~|+|··|+·||¸ ' + ~·||-| ·|·|| |+·||
·|·|| r ~| · ··|+ |-|¸ -·| -|·|·| ¸+| ·|· +· ~| r+·|·| -| ·||
+| -||·| ÷|-|| ·|·|| r +·|| |+ ·|·| ·|-| +| ·|r ·|·| r |+ ~|·|+·
~|·||-|·|·|, 1961 + ··|·| ·|| + ~-| ·||· |||-||·· ~||·| +
·| ·|-| -·| -|·|·| ¸+| ·|· +· ~| +| ·|·| |·|·| |+·|| ·|| ·|+·|| r :
9. 9 9. 9 9. 9 9. 9 9. 9 »-i¸ ·i »il=·i·ii
~|-| ~||··|·|| ·| + ··| · ·||+| ·|· ·|||·|-| r |·|·| ~|, ·||¸~|, ;|·|
·||·| ¸¸·|-26 + ~-| ·||· ~·| ·| ~||··|·|| ·||-|| ·|·|| r : ·||+| ·|·
~||··| +| ··||·-|«|| -||| |··|| ·|·|| r ·
l·i·iªºi l«-ii + 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 +| l«-ii + 31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 +|
l=·il·i + »-i =iiª l=·il·i + »-i =iiª
Particulars As on 31.03.2012 As on 31.03.2011
|·| + ·||· ·| ·| ·|+-| ·-|| +
Gross Block at the beginning of the year 36.03 29.09
|·| + ·| ·|-| ·||·|·| -|;Addition during the year 5.11 6.94
·||¸ ~·| ·| ~||··|·|| +| ||·|| |-| ·| | ·|· ·||··|| |·|·|
Less: Retirement of intangibles fully amortised 19.76 0.00
·|| ·|;Total 21.38 36.03
·||¸ ~· ·|.. ·||··|| ·|-| (·-| ~||··|·|| +|
|-||-| ·||·| |·|-|+| ~·| ·| ·|·||-| |+·|| ·|·||)
Less: Amortization up to date
(Net of amount on assets retired) 13.70 26.58
·||¸ ~·|·||·||-·| r||-|
Less: Impairment Loss 0.00 0.00
|·| + ~ ·| ·| |-||-| ·-|| +
Net Block at the end of the year 7.68 9.45
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
·ilªºii ·i-i l«-ii + 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 +| l«-ii + 31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 31. 03. 2011 +|
l=·il·i + »-i =iiª l=·il·i + »-i =iiª
Amortization As on 31.03.2012 As on 31.03.2011
·||· |·|+ ·| ·| Opening balance 26.58 17.45
·|| ÷ ~·|·||·||-·| r||-|;Add: Impairment Loss 0.00 0.00
·|| ÷ |·| + ·| ·|-| ·||-·| ·||··|| ·|-|
Add: Amortization recognised during the year 0.00 9.13
·||¸ ||·|| ||·| ~||··|·|| ·|· |||-|·|| ·|-|
Less: Appropriation on assets retired 12.88 0.00
~ |·|·| ·| ·| /Closing Balance 13.70 26.58
112
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
-ii-i- -- --ril-i -i =ii -i ··i·i ºi|·i + »·i|-i «lºi·i -ii-i¸ ·i·i -i l·io-i ·i·i
‘ ‘‘ ‘‘iii·i·ii-i ¢·i »i+l=-i+·ii»i +i l·i·-i ·iºi
Break up of 'Provisions and Contingencies shown under Current Previous
the head Expenditure in Profit and Loss Account Year Year
|-|| ·| ·|· ·| -·|»|·| + |-|¸ ·|||·||-|;Provision for depreciation on Investment 215.30 191.55
~-|·| + ~||··| + |-|¸ ·|||·||-|/Provision towards NPA 759.45 1180.65
¸-·|~|, + |-|¸ ·|||·||-|/Provision towards NPI 40.59 -0.78
·||-|+ ~||··|·|| + |-|¸ ·|||·||-|;Provision towards Standard Assets 102.01 67.85
+·|·||-| + |-|¸ ·|||·||-|
~-·| ·|||·||-| ¸| ~|+|··|+·||¸ (··|| · ·||r·|)
Provision towards Taxation 333.85 324.12
Other Provision and Contingencies (with details)
|||·|+ ·||·|-| / ~|+|··|+·||¸ / +·| / Legal Cases / Contingencies/Frauds -.29 5.89
·||·| ·| -·| ·| »|·| / Diminution in Fair Value 27.02 -0.71
~|··||·|·| +· ~||··|·||/Deferred Tax Assets -78.93 -30.51
-·| -|·|·| ¸+| ·|· +· ~| / MAT Credit -292.26 -286.10
·|+|·|| | ·|-| ·| -|·|-|| / Arrear Wage Revision 0.00 13.00
||||·| ·|||·||-| / Miscellaneous Provision 596.02 323.47
·ii ·i / Total 1702.76 1788.43
10.2 Contingent Liabilities
a) Such liabilities as mentioned at Serial No. (I) of Schedule
12 of Balance Sheet are dependent upon the judgement of
court, arbitration award, 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 and necessary provision is
made where claim against the Bank is tenable.
b) Based on various appellate decisions on identical issues /
pending approval of Committee on Disputes for pursuing
appeals, disputed demand of Income Tax, Penalty, Interest
and Interest Tax amounting to ` 90.91 Crore (` 10.66 Crore)
has been shown in Schedule 12 under Contingent Liability.
No provision has been considered necessary by the
9.10 Impairment of Assets
In view of the absence of the indication of material
impairment within the meaning of clause 5 to clause 13 of
Accounting Standard-28 "Impairment of Assets", no
impairment of fixed assets is required in respect of current
financial year.
10.0 Additional disclosures:
10.1 Provisions & Contingencies
9.10 »il=·i·ii +| »-i=i +·ii
-| ·|| ·||-|+ – 28 ‘‘~||··|·|| +| ~-|·| +·|| + ·| ÷ 5 ·| ·| ÷ 13
·|+ + ~·|| -·|·| ·| ·|||·|+ ~-|·| +·|| + -|-|| -|r| |··||, · -|
+| ·||·| +| ··||-| ·| ··|·| r ¸ ||-| ||··||·| |·| +| ·||·|·| ~|-|
~||··|·|| +| ~-|·| +·|| ~·| |-|·| -|r| r :
10.0 »l·ilª+·i ii+c-i·
10.1 iii·i·ii-i ¢·i »i+l=-i+·ii¢
10. 2 10. 2 10. 2 10. 2 10. 2 »i+l=-i+ « ·i·ii¢
+) ·| -|-|-·|~| +| ~-| ·| || 12 + +·| ·|. (1) ·| ·|·||·|--||·|·|
· ·|·||¸ +·|·|· -·||·||-|·| + |-|| ·|, ·||··|··|·| ·|||, -·||·||-|·|
·| ·|· |-|·||·|, ~·||-| + |-|·||-|, ·|| ·|| ·|, ·||·|, ·| ||·|·|·|
·||·|·| +| ·|·| , -·||·|·| r| -| ~| · ·| ·| |·|·| ·|||·|| ;|·| +| ·|,
·|| ·| ·|· |-|·| · +··|| r ·|·|| ·|r| ·| + + ||¬ , ·||| ·|+ ·| ·|·|
r| ·|| ··| |··||·| ·| ~||··+ ·|||·||-| |+·|| ·||·|| r :
·|) ·|·||-| ·| ·| ·|· |||·|--| ~·||-|| |-|| ·| + ~|·||· ·|·/ ||||· ·|·|·||
·||·||·| + ~-| ·|| ·-| +| -| |·|·| ··|·| r ¸ ~·||-| ·|· +|· ||, +·-|
r ·| ~|·|+· +| |||||··| ·|| ·|, ·|||··|, ` 90. 91 +·| ÷
( ` 10. 66 +·| ÷) + ··||·| ¸| ··||·| +· +| ~-| ·| || 12 ·|
~|+|··|+ · ·|·|| + ~·||-| ·|·|·| |+·|| ·|·|| r : ·|·| ·|-| ;|·|
,·|+| ·|||·||-| |+·|| ·||-|| ~||··|+ -|r| ·|·|÷|| ·|·|| r +·|| |+
113
Management as the matters are pending for appeal before
various competent Authorities and payments/adjustment of
`35.65 Crore (` 10.65 crore) has been included in Other
Assets in Schedule 11.
10.3 Floating Provisions
Nil
10.4 Draw Down From Reserves
There is no draw down from Reserves.
10.5 Disclosure of Complaints
A) Customer Complaints:
·| ·||·|-| |||·|--| ·|-|·| ·|||·|+||··|| + ·|·|-| ~·||-| + |-|¸
-| |·|·| r ~| · ` 35. 65 +·| ÷ ( ` 10. 65 +·| ÷) + ·| ·|·||-|/
·|·||·|| ·|-| +| ~-| ·| || 11 ·| ~-·| ~||··|·|| ·| ·|||·|-| |+·|| ·|·||
r :
10. 3 10. 3 10. 3 10. 3 10. 3 »=·ii·i| iii·i·ii-i
·| -·|
10. 4 10. 4 10. 4 10. 4 10. 4 =·i·ii ·i + +iªºi »iªl=il·i·ii -i +-i|
··|·|| ·| + +|·| ~|·|-||·|·|| ·| +| , +·|| -|r| r , r :
10. 5 10. 5 10. 5 10. 5 10. 5 lºi+i·i·ii +i ?fUxefUhK
») )) )) :iir+- -- --lºi+i·i·i :
+ |·| + ·||· ·| ·| -| |·|·| |·|+|·|·|| +| ·| ··||
A No. of complaints pending at the beginning of the year 203
·| |·| + ·| ·|-| ·||··| |·|+|·|·|| +| ·| ··|| ( 2011- 12)
B No. of complaints received during the year (2011-12) 3303
·| |·| + ·| ·|-| |-|·||, ·|, |·|+|·|·|| +| ·| ··|| ( 2011- 12)
C No. of complaints redressed during the year (2011-12) 3110
·| ·|||, 2012 +| ·|·||··| |·| + ~ ·| ·| -| |·|·| |·|+|·|·|| +| ·| ··||
D No. of complaints pending at the end of the year March, 2012 396
+ |·| + ·||· ·| ·| +|·||| -|·| -|r| |+¸ ·|¸ ~||÷ +| ·| ··||
a No. of unimplemented awards at the beginning of the year 8
·| |·| + ·| ·|-| ·| |+·| -|| +·||-| ;|·| ·|||··| ~||÷ +| ·| ··||
b No. of Awards passed by the Banking Ombudsman during the year 17
·| |·| + ·| ·|-| +|·||| -|·| ~||÷ +| ·| ··||
c No. of Awards implemented during the year 23
·| |·| + ~ ·| ·| +|·||| -|·| -|r| |+¸ ·|¸ ~||÷ +| ·| ··||
d No. of unimplemented Awards at the end of the year* 2
* 2 cases are subjudice,
B) Age wise classification of pending complaints as on
31.03.12
»i) )) )) l«-ii + 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 31. 03. 2012 +| l=·il·i + »-i =iiª -i l·i·i lºi+i·i·ii +i
»·il·i·iiª ·i·ii+ªºi
30 30 30 30 30 l«-i ·i+ 31 31 31 31 31 l«-i =i -i +ª 3 33 33 -iir =i »l·i+ =i 6 66 66 -iir =i »l·i+ ·i+ ·ii ·i
3 33 33 -iir ·i+ -i +ª 6 66 66 -iir ·i+
Upto 30 days 31 days to > 3 months to > 6 months Total
3 months 6 months
96 122 80 98 396
C) Awards passed by the Banking Ombudsman:
)) )) ·i l+·i -ii +·ii-i øiªi ·iilª·i »·ii= ·2 ·||·|-| ||||·|·||-| r,
10.6 Disclosure of Letter of Comforts
The Bank issues Letter of Comforts on behalf of its various
constituents against the credit limits sanctioned to them. In
the opinion of Management, no significant financial impact
and cumulative financial obligations have been assessed
under LOCs issued by the Bank in the past, during the
current year and still outstanding. Brief details of LOCs
issued by the Bank are as follows:
10. 6 10. 6 10. 6 10. 6 10. 6 -i +i ·i| »i·ii=i-i ·i>i +i ?fUxefUhK
·| + ~·|-| |||·|--| ·||r+| +| ~| · ·| ·-|+| ·| ·||+ ·| ~| ·||·|| + ·||·|
| +| ·|| ~|·||·|-| ·|~| ·||·| +··|| r : ·|·| ·|-| +| ·|·| ·| ·| + ;|·| ·|r-|
¸| ||-| |·| + ·| ·|-| ·||·| |+¸ ·|¸ ~| · |+-|r|-| ·|+|·|| | +| ·||
~|·||·|-| ·|~| + ~·||-| |+·|| ·|||·|+ ||··||·| ·|·||| ·|·|| ·| |·|| ||··||·|
·||··|·|| +| ~-| ·||-| -|r| |+·|| ·|·|| r : ·| + ;|·| ·||·| |+¸ ·|¸ | +| ·||
~|·||·|-| ·|~| + ·| |-|··| ··|| · |-|·-||-| ·||· r
114
10.8 Income from Bancassurance
Bank is a Corporate Agent of Life Insurance Corporation of
India for Bancassurance Life and Reliance General
Insurance Company Ltd for Bancassurance Non-Life
business. Details of income from Bancassurance is given
below:
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
+iªi ·iiª +i ii+iª ªilºi
Type of Business Amount
-||,+ +|·| ·||·
Life Business 5.90
-|| -|--||,+ +|·| ·||·
Non Life Business 2.27
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
|·| 2011- 12 + ·| ·|-| ·||·| |+¸ ·|¸ | +| ·|| ~|·||·|-| ·|~|
1 Letter of Comforts issued during the year 2011-12 5544.71
|·| 2011- 12 + ·| ·|-| ·||··|+|/ ·· |+¸ ·|¸ | +| ·|| ~|·||·|-| ·|~|
2 Letter of Comforts matured/cancelled during the year 2011-12 5686.84
|·-|| + 31. 03. 2012 +| |··||·| + ~-| ·||· ·|+|·|| | +| ·|| ~|·||·|-| ·|~|
3 Letter of Comforts outstanding as on 31.03.2012 3888.83
10.7 Provisioning Coverage Ratio
The provision coverage as on 31.03.2012 works out to 54.39
% (51.60%).
10. 7 10. 7 10. 7 10. 7 10. 7 iii·i·ii-i|+ªºi +·iª =i »-i ·ii·i
|·-|| + 31. 03. 2012 +| |··||·| + ~-| ·||· ·|||·||-| +|· ·| 54. 39%
,:~¯, r :
10. 8 10. 8 10. 8 10. 8 10. 8 cî fUtëgq hü m =i »i·i
·| +, · +|··¸ · · -||,+ +|·| ·||· + |-|¸ ·||··||·| ·|||-| ·||·||
|-|·|·| ~| · · +|··¸ · · -|| -|--||,+ + |-|¸ |·-||·| ·| ·| -|·-| , ·· · ·|
+ ·|-|| |-|. +| +|··|| · ¸·| - r : · +|··¸ · · +|·| ·||· ·| ~|·| +
··|| · |-|·-||-| ·||· r
(·||·| +·| ÷ ` ·|)/Amount in ` Crore)
·||·| ~··||·|+ ·|÷ ·|·||+·|| ~| +| + -| ·|·||·||·|·||
Total Deposits of twenty largest depositors 20525.02
·| + +| + -| ·|·||·||·|·|| +| ·| -|-|| ·| ·||·| ~··||·|+ ·|÷ ·|·||+·|| ~| +| ·|·||·||·|·|| +| ·||·|·|·|
Percentage of Deposits of twenty largest depositors to total Deposits of the bank 13.33%
10. 9 10. 9 10. 9 10. 9 10. 9 =i-ii, ,, ,, »l:i-i, ,, ,, =ºi +i =i + rºi
+) )) )) =i-iiªilºi·ii +i =i + rºi
10.9 Concentration of Deposits, Advances, Exposures
a) Concentration of Deposits
b) Concentration of Advances
=i) )) )) »l:i-ii +i =i + rºi
(·||·| +·| ÷ ` ·|)/Amount in ` Crore)
·||·| ~··||·|+ ·|÷ ··||·+·|| ~| +| + -| ~|·|·|
Total advances to twenty largest borrowers 33416.51
·| + + + -| ~|·|·| +| ·| -|-|| ·| ·||·| ~··||·|+ ·|÷ ··||·+·|| ~| + ~|·|·| +| ·||·|·|·|
Percentage of advances to twenty largest borrowers to total advances of the Bank 25.09 %
c) Concentration of Exposures ·i) )) )) =ºi +i =i + rºi
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
·||·| ~··||·|+ ·|÷ ··||·+·|| ~| / ·||r+| +| |·¸ ·|¸ + -| ~|
Total exposure to twenty largest borrowers/ customers 33590.61
·| + + ··||·+·|| ~|/ ·||r+| +| |·¸ ·|¸ + -| ~| +| ·| -|-|| ·|
·||·| ~··||·|+ ·|÷ ··||·+·|| ~| / ·||r+| +| |·¸ ·|¸ ~| +| ·||·|·|·|
Percentage of exposures to twenty largest borrowers/customers to total
exposure of the Bank on borrowers/customers 24.32%
115
10.10 Concentration of NPAs
10. 10 10. 10 10. 10 10. 10 10. 10 »-i=i + »il=·i·ii +i =i + rºi
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
··||·;Particulars 2011-12 2010-11
||· ·|÷ ~-|·| + ~||··| ·||·|| +| |·¸ ·|¸ + -| ~|
Total Exposure to top four NPA accounts 927.64 597.22
10. 11 10. 11 10. 11 10. 11 10. 11 =i >i·iiª »-i=i + »il=·i·ii
10.11 Sector wise NPAs
+. .. ..=i . .. .. =i >i =+·i =i >i +i l«¢ ·i¢ + -i »l:i-i +| ·i -i-ii -i
»-i=i + »il=·i·ii +i iil·iºi·i
Sl.No. Sector Percentage of NPAs to Total
Advances in that Sector
+ |·| ¸| ·| ·|, +|·| +-||·|
1 Agriculture & allied activities 6.47
··| ·| (·| -·| ¸| -|·| ) ·|÷||-| ¸| ·|÷
2 Industry (Micro & small)
Medium and Large 3.85
·| || -| ~|
3 Services 6.07
| ·||·+ ~|
4 Personal Loans 2.92
(·||·| +·| ÷ ` ·|)/Amount in ` Crore)
··|| ·/Particulars
|·-|| + 01. 04. 2011 +| |··||·| + ~-| ·||· ·|+-| ~-|·| + ~||··|·||
(·||· |·|+ ·| ·|)
Gross NPAs as on 01.04.2011
(Opening Balance) 3150.36
|·| + ·| ·|-| ·||·|·| -| (-|, ~-|·| + ~||··|·|| )
|||-|·|·| ~ ·|· ·|| ÷+·
Additions (Fresh NPAs) during the year
plus Exchange Difference* 2401.16
··| ·|| ·| (~)/Sub Total (A) 5551.52
·||¸ /Less:
(i) ·| ÷ ·--·|-|;Upgradations 416.66
(ii) |·| -|| (·|÷ ·|«|¸ ·|¸ ·||·|| ·| +| ·|, |·|-|| +| ·|÷+·)
Recoveries (excluding recoveries
made from upgraded accounts) 658.11
(iii) ·|, ·||·| ÷|-|-||;Write-offs 390.55
··|·|| ·| ,~|,/Sub total (B) 1465.32
|·-|| + 31 ·|||, 2012 +| |··||·| + ~-| ·||· ·|+-| ~-|·| + ~||··|·|| ,~ |·|·| ·| ·|, ,~ - ~|,
Gross NPAs as on 31st March 2012 (Closing Balance) (A-B) 4086.20
10.12 Movement of NPAs
10. 12 10. 12 10. 12 10. 12 10. 12 »-i=i + »il=·i·ii +| ·ic- -- --·i«
|||-|·|·| ~ ·|· ` 8. 52 +·| ÷ *Exchange Difference ` 8.52 Crores
116
10.16 Reconciliation:
Reconciliation of entries outstanding has been drawn upto
31.03.2012 in case of Inter-Branch Accounts and in
Inter-Bank Accounts. Elimination of entries outstanding in
Inter-Bank Accounts including Reserve Bank of India, State
Bank of India, NOSTRO Accounts etc. and in Inter-Branch
Accounts viz. drafts, suspense, branch adjustment, clearing
transactions, fund transfers, telegraphic transfers, balances
pertaining to advances paid for acquisition of assets, sundry
creditors etc. is in progress. In the opinion of the
management, consequential effect of the above on the
revenue/assets/liabilities will not be material.
10.17 Fixed Assets
a) Bank had revalued on few occasions in the past, its
premises by independent qualified valuers and the excess
of fair market value over the original cost was credited to
revaluation reserve. As on date aggregate amount of
revaluation reserve (net of revaluation relating to assets
disposed of) is ` 633.21 Crore (` 584.09 Crore) and
depreciation on the revalued portion charged to the above
revaluation reserve (net of depreciation relating to assets
disposed of) is ` 139.09 Crore (` 133.32 Crore).
b) Premises include revalued Assets with written down value
of ` 2.44 Crores (` 2.58 Crores ) in respect of which
documentation/ registration is pending.
c) Estimated amount of contracts (net of advance) remaining
to be executed on capital account and not provided for
` 11.90 Crore (` 6.36 Crore)
10.18 Break up of provision held against non-performing
advances into facility-wise, security-wise and sector-wise
is not ascertained. The same is deducted on estimated
basis from gross advances in the various categories to
arrive at the balance of net advances as stated in Schedule
9 of the Balance Sheet.
10.19 The bracketed figures indicate previous year's figures.
Previ ous year' s fi gures have been re-grouped /
re-arranged / re-casted wherever considered necessary.
(·||·| +·| ÷ ` ·|)/Amount in ` Crore)
l·i·iªºi;Particulars 2011-12 2010-11
+ -| ~||··|·||/Total Assets 13147.30 10129.99
+ -| ~-|·| + ~||··|·|| ;Total NPA's 66.49 60.19
+ -| ·|·|·|;Total revenue 303.27 253.88
(·||·| +·| ÷ ` ·| )/Amount in ` Crore)
·| ·|-|;Pension ··|·|-|;Gratuity ·|| ·|;Total
31. 03. 2012 + ~-| ·||· ~·||··|| |·|·| ·| ·|-|
Unamortised Portion as on 31.03.2012 304.70 175.51 480.21
10.13 Overseas Assets, NPA's and Revenue
10. 13 10. 13 10. 13 10. 13 10. 13 l·i« ºi l=·i·i »il=·i·ii , ,, ,, »-i=i + »il=·i·ii »i ª ªi=i=·i
10.14 Off-balance Sheet SPVs sponsored
Bank has not sponsored any SPVs.
10.15 Unamortised Pension and Gratuity Liabilities.
10. 14 10. 14 10. 14 10. 14 10. 14 ·i -i-i ·i>i =i ;·iª iii·ii l=i·i ¢=i·i|·i|
·| + -| |+·|| ¸·|·|||| +| ·||·|| |·|·| -|r| |+·|| r :
10. 15 10. 15 10. 15 10. 15 10. 15 »·ilªºii l·i·i ·i ºi-i »i ª =·i«i-i « ·i·ii¢
10. 16 10. 16 10. 16 10. 16 10. 16 l-i-ii-i
|·-|| + 31. 03. 2012 ·|+ ~ ·|·-·||·|| -| ·|| ~| · ~ ·|·-·| + -| ·||
+ ·||·|-| ·| ·|+|·|| ·||||··|| +| |·|-||-| +· |-|·|| ·|·|| r :
·||··||·| |··|| ·| +, ·||··||·| · ·| +, ·| + -|| · | -| ·|| ~||·
·||r·| ~ ·|·-·| + -| ·|| ~| · ÷ |+, ·| ·| -| ·||, ·||·|| ·|·||·|| ·|-|,
·|·||·|| ·|-| ·| ·| ·|| -| -|-· -|, |-||·| ~ ·|·|, ·||· ~ ·|·|, ~||··|·|| +
~|·|·|r| r ·| ·|···| ~|·|·| ·| ·| ·| |·|·| ·| ·|, ||||·| -| -|·|· ·| ·|
~ ·|·-·||·|| -| ·|| ·| ·|+|·|| ·||||··|| + |·|-||-| +| +|·| ·|·||·|
·|· r : ·|·| ·|-| +| ·|·| ·| ·|·|·|/ ~||··|·|| / · ·|·||~| ·|· ··|+|
+| , ·|||·|+ ·|·||| -|r| ·|÷ ·||:
10. 17 10. 17 10. 17 10. 17 10. 17 »-i-i =i ·il-i·ii
+, ·| + -| ·| | ·| +|·|·|·| ~|·|·| ·|· ~·|-| ·||··|·| +| ·| -|·| -·|-|
·|·| ~| ~r ·||·||··| -¸ -·| ++| ;|·| +·|·|| ·|| ~| · ·-|+| ·| -|
-||·|·| +| ·| -|-|| ·| ~|·|+ ·||·| ·||·||· ·| -·| +| ·| -|·| -·|-|
~|·|-||·| ·| ·|·|| |+·|| ·|·|| ·||: ~|·| +| ·||·|·| ·| ·| -|·| -·|-|
~|·|-||·| +| ,|·|+| +| ·|, ~||··|·|| ·| ·| ·| |·|·| ·| -|·| -·|-| +|
·| ÷+·, + -| ·||·| `633. 21 +·| ÷ , `584. 09 +·| ÷, r
~| · ··|·| +·| ·| -|·| -·|-| ~|·|-||·| ,|·|+| +| ·|, ~||··|·|| ·|
·| ·| |·|·| ·| -|·| -·|-| +| ·| ÷+·, ·|· ·|||··| · -- ¸ |-·. ~ ·| ·|·
·| -·|»|·| `139. 09 +·| ÷ , `133. 32 +·| ÷, r :
·|, ·||··|·| ·| `2. 44 +·| ÷ , `2. 58 +·| ÷, + ·| -·|»||·|·| ·| -·|
+| ~||··|·|| ·|||·|-| r , |·|-|+| ·|||·| ·|-| ·||+·|/ ·|·|· |+·|
+| +|·| -| |·|·| r :
·|, ·| ·||·|·| -| ·|| ·|· |·|-| ·| ||·|~| +| ,~|·|·| +| ·| ÷+·,
|-|··||·-| |+·|| ·||-|| ·| ·| r , ·-|+| ~-| ·|||-|·| ·||·| `11. 90
+·| ÷ , `6. 36 +·| ÷, r |·|·|+| ·|||·||-| -|r| |+·|| ·|·|| r :
10. 18 10. 18 10. 18 10. 18 10. 18 ~-|·| + ~|·|·|| + ·| ||·||||·, ·||·|·||·|||· ¸| -|~|||· ·|||·||-|
+| ||·-| ·|| -|r| |+·|| ·||·|| r : ·| ·|| |+ ·| -|-|-·|~| +|
~-| ·| || 9 ·| +r| ·|·|| r, |-||-| ~|·|·|| ·| ~|-| ·|||-|+ ~|·||·
·|· ·-|+| +| ·|| +| ·||·|| r :
10. 19 10. 19 10. 19 10. 19 10. 19 +| ·+| ·| |·|·-| |·| + ~| +÷ |·¸ ·|¸ r : ·|r| ·||
·|¬ ·| ·|·|÷|| ·|·|| r , |·|·-| |·| + ~| +÷| +| ·| -|: ·|·| r|+ ·|/
||-·|··|/ |-|·|| |··| |+·|| ·|·|| r :
%
-r=rr·rº|=r+r +| |º·rrc
AUDITORS’ REPORT
=i·ii -i
-iiª·i + ªi·c ·il·i
To
The President of India,
1. r·|-| ·|+| ·|+ + |·-||+ 31 ·||| , 2012 + ·|-|·-| ·|-|-|-{|~| ·|·|| ··|+ ·||·| ·{||·|, ··|| ·||·|·| +| ·|·||··| |·| + -||·|-r||-| -|·| ·|·||
-|+·| ·|||r |||·| +| -| ·||·|·|-|| +| r, |·|·|·| r·||· ;|·| -| ·||·|·||-|·| 20 ·||·||~| ¸| ¸+ +| ·| ·||·||, ~-·| -| ·||·|·|-|+| ;|·| -| ·||·|·||-|·|
1511 ·||·||~| (5 ·||| ·||·||~| ·||r·|) ·|·|| ||··|| ··||-||·| -|·||·|·|-|+| ;|·| -|·||·|·||-|·| ||··| |··|·| 4 ·||·||~| +| |||·||·|| ·|||·|-|
r: ·|+ -| r·||· ~|· ~-·| -|·||·|·|-|+| ;|·| -|·||·|·||-|·| ·||·||~| +| |·|-| ·|··||·| |··|| ·|+ ;|·| ·||·| |··|||-|··|| + ~-|·||· |+·|| r:
·| -|-|-{|~| ~| · -||·|-r||-| -| ·| ·| 856 ·||·||~| (17 ·| || ·||·||~| ·||r·|) +| |||·||·|| ·|| ·|||·|-| r , |·|-|+| -| ·||·|·|-|| -|r| +| ·|, r : ,-|
·| ·--| ·||·|·||-|·| ·||·||~| +| ·||·||·|·| ·| + + + -| ~|·|·| ·| 1.77%, ·|·||·||·| ·| 11.38%, ··||·| ~|·| ·| 1.69% ¸| ··||·| ·|·| ·| 10.21%
r : ,-| ||·||·| |||·|| +| ·||·|·| ·| + + ·|·| ·|-| ·|· r : r·||·| ·||·|·| r·||·| -| ·||·|·|-|| + ~|·||· ·|· ,-| ||·||·| |||·|| ·|· ~{|-|| ·|·| · -||
r :
We have audited the attached Balance Sheet of UCO Bank as at 31
st
March, 2012 and also the Profit and Loss Account and the
cash flow statement annexed thereto for the year ended on that date in which are incorporated the returns of 20 branches and
one Treasury Branch audited by us, 1511 branches (including 5 Service Branches) audited by other auditors and 4 foreign
branches audited by overseas local auditors. The branches audited by us and those audited by other auditors have been selected
by the Bank in accordance with the guidelines issued by the Reserve Bank of India. Also, incorporated in the Balance Sheet and
the Profit and Loss Account are the returns from 856 branches (including 17 Service Branches). These unaudited branches
account for 1.77% of Total Advances, 11.38% of Total Deposits, 1.69% of Interest Income and 10.21% of Total Interest Expenses
of the Bank. 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.
2. r·|-| ·||··| ·| ·||·||-·|·|: ·||+ ·| -| ·||·|·|-|| ·||-|+| + ~-| ·||· -| ·||·|·|-|| +| r : ,-| ·||-|+| +| ·|r ~{| -|| r |+ r·| -| ·||·|·|-|| +|
·|| ·|-||·|, ¬ ·| ·| ,·| ·|+|· ·| ·|--| +· |+ r·| ·| |··| ·|·| ¬ ·| ·| ~|·|··| r| ·|+ |+ ||·||·| |||·| ·|||·|+ ·|-|·| ·| |-|| ·| ·| ·
r : |+·|| -| ·||·|·|-|| ·| ||·||·| |||·|| ·| ·|--||·|·| ·||·| ¸| ·|+|+·| + ·|·|·| -| ·| ·||-·| +| ·|| | -|·| -|| ~|·||· ·|· |+·|| ·||-||
·|||·|-| r : |+·|| -| ·||·|·|-|| ·| ·|·| · -| ·|| ·| ·| ·|| |·|,| ·|| ·|·|| ·|·| ·|-| ;|·| |+¸ ·|¸ ·|r·|·| | ~|+-|-|| +| |-|·|| ·| +·-|| ~| · ·|·|·|
||·||·| |||·| + ·|··| ·||+·| +| ·| -·|| +-| +·-|| ·|| ·|||·|-| r : r·| ||·||·| r |+ r·||·| ·|·| +| ·| |··| · ~|·||· ·||--||r·| r :
We have 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 mis-statement. 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. ·{|·| · ·| ·| 1 ·| ·|--||·|·| -| ·||·|·|-|| +| ·||·||~| + ~··|·||-| ~| · ·| ++|·| + ·|-|| (·{|+·|| +| ~·| -| ~| · ~ ·|·|) ~|·||-|·|·|, 1970
+| ~{| -|| + ~-| ·||· ¸| ··|·| ~{| |-|·| ·|+|+·| +| ·||·||~| + ~·||-| ·r·| r ¸, r·| ·|r |··|| +··| r |+ :
Subject to limitations of the audit indicated in paragraph 1 above and as required by the Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1970 and subject to the limitation of disclosures required therein, we report that:
+) ·| ++|·| |||-|·|·|-| ~|·||-|·|·|, 1949 +| ·| ·||·| ~-| ·| || + +| ·| ‘¸ ~| · ·|| ·| +·|·|: ·| -|-|-{|~| ¸| -||·| ~| · r||-| -| ·|| ·|··| ·| |+¸ ·|¸
r :
a) The Balance Sheet and the Profit and Loss Account have been drawn up in Forms ‘A’ and ‘B’ respectively of the Third
Schedule to the Banking Regulation Act, 1949.
·|) r·|-| ¸ ·|| ·|·|| ·| |-||¸ ¸| ··|·|+·| ·||··| |+¸ r ·|| r·||·| ·||| ·|·| ·||-|+|·| ~| · ||·||·| + ~-| ·||· r·||·| -| ·||·|·|-|| + ·|·|| ·|-||·|
~||··|+ ·| ·|·|| r·|-| ·-r ·| ·|| ·|·|-|+ ·||·|| r :
b) 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.
·|) r·||·| ·||-|+|·| ·| ~|¸ ·| + + ·|·|| ·| ·||r|· ·| + +| ·||··|| + ·||·|· r :
c) The transactions of the Bank which have come to our notice have been within the powers of the Bank.
·|) ·| + +| ·||·||~|/|-|·| ~|+ +|·|| -|·|| ·|·|| ||· ·| |··|·| +|·|| -|·|| ·| ·||··| |||·||·|| r·||·| -| ·||·|·|-|| + ·|·|| ·|-||·| ·|·|| ··| ·||, ·|, r :
d) The returns received from the Branches/ Controlling and Overseas offices of the Bank have been found adequate for the
purpose of our audit.
÷) r·| ~ ·|·-·| + -| -|-· -| ·| ·| ·|| ·|+|·|| ·||||··|| + ·|·||·||-| ·|·|| ·-|+ ·|·||·|| ·|-| + +|·| -| ·|| ·|· ·|÷-| ||-| ·|·||| + ·| ·| ·| ·| ~{|-|| ·|·|
· -| ·| ~·|·|·| r : (· ·| ~-| ·| || 18 +| |··||| ·|. 10.16)
e) We are unable to express an opinion on the effect on the accounts if any due to non reconciliation and adjustment of
outstanding entries in inter-branch transactions (refer to Note No. 10.16 of Schedule 18)
&
SÉ) -|+·| ~|·||· ·|· +|·|·|·| ~|·| +| -| ·|| +-| ·||··||·| ·|-|·| -| ·||+|· ·| ··||-| ;|·| ·||·| ‘·|·|·| +| ·|r||-| ·| ·| ·| |·|·| -| ·|| ·||-|+- 9
+ ~-| ·||· -|r| |+·|| ·|·|| r : ¸ ·|| ~|·| +| ·|·||~|| |-||·|·| -|r| +| ·|| ·|+| r :
f ) Accounting of commission earned on letter of credit and guarantee issued is on cash basis which is not in accordance with
Accounting Standard- 9 on ‘Revenue Recognition’ issued by the Institute of Chartered Accountants of India. The quantum of
such income has not been ascertained.
·) ~-| ·| || 18 +| |··||| ·|. 1.1 ·| ·|·||·|--||·|·| ·| ·|| ·|·|| ··|·|| ¸| ~-·| ~-| ·||·| ·{|·| · ·| ·| (÷) ~| · (|) ·| +| ·|, |··|| + ~··|·||-|
r :
g) Capital Adequacy and Other Ratios disclosed in Note No. 1.1 of Schedule 18 are subject to the effects of the observations
in para (e) and (f) above.
4. ·{|·| · ·| ·| 3 (÷) ·| (·) ·|+ ¸| ·| ··| -| ·|| -|||·|·|| + ·||·| ·||:·| ~| · +·|·|: ~-| ·| || 17 ¸| 18 + ~-| ·||· -| ·|| ·|· |··|||·|| ·|·
r·||· ~|-|| +-| + ~··|·||-| r·| ~|·| ·|r |··|| +··| r |+:
Subject to our observations in Para 3 (e ) to (g) above and read with Principal Accounting Policies and Notes on Accounts
as per Schedules 17 and 18 respectively, we further report that:
r·||·| ·|·| ·| ·|·|| r·||·| ·||| ·|·| ·||-|+|·| ¸| r·| |·¸ ·|¸ ·|·|| ·| + +| ·||r·|| ·| ··|| ¸ ·|¸ ··|·|+·| + ~-| ·||· ||·||·| |||·| ·{|·| ·
·| ·| 3 (|) ·| ·|--||·|·| +|·|·|| +| ·| ÷+· ·||··| ·| ·||·||-·|·|: ·||+ ·| -| ·|| -|||·|·|| + ~-| ¬ ·| r ·|·||:
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, the financial statements are in conformity with the accounting principles generally accepted in India except to
the extent stated in Para 3 (f) above and :
(i) ·| ·|, |··|||·|| + ·||·| ·||:·| ·| -|-|-{|~| ·|r| ¸| ·| ··|· ·| -|-|-{|~| r |·|·|·| ·|·|| ~||··|+ |||·| ~ ·|||· r ~| · ··| ·|·| ||·|
¬ ·| ·| ,·| ·|+|· ·|··|·| |+·|| ·|·|| r |+ |r 31 ·|||, 2012 +| |··||·| + ~-| ·||· ·| + + +|·| +| ·|r| ~| · ~| · ·| ··|· |··||·|
·|·|·|·| +··|| r :
The Balance Sheet, read with the notes thereon is a true and fair Balance Sheet containing all the necessary
particulars, is properly drawn up so as to exhibit a true and fair view of the state of affairs of the Bank as on 31
st
March, 2012 ;
(ii) -||·| ~| · r||-| -| ·|| ·{|·| · -|| + ·||·| ·||:·| ·|r| -||·| ·| ·| ·|·|·|·| +··|| r; ~| ·
The Profit and Loss Account, read with the notes thereon shows a true balance of Profit ; and
(iii) -|+·| ·|||r |||·| ·· ·||·|·| +| ·|·||··| |·| ·| -|+·| ·|||r +| ·|r| ¸| ·| ··|· |··||·| ··|| ·|| r :
the Cash Flow Statement gives a true and fair view of the cash flows for the year ended on that date.
··||-| / Place: EòÉä ±ÉEòÉiÉÉ / Kolkata
·||·|·| / Dated: 05
th
·|, / May, 2012
+ ·i ·ii·i =ii ¢ = +i -i
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 005834BxÉ
For Baweja And Kaul
Chartered Accountants
Registration No. 005834N
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ºÉΨ´ÉiÉ + . ·| Ç)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ . 090758
(CA Samvit K. Gurtoo)
Partner
Membership No. 090758
+ ·r +r arº| { × + ·r-r|
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 301178<Ç
For Kothari & Co.
Chartered Accountants
Registration No 301178E
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ·||·|·| ·|-|·||)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ. 15289
(CA Gautam Banerjee)
Partner
Membership No. 15289
+ ·i ¢=i·i|¢ ¢=ii l=i¢c =i
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 308136<Ç
For SBA Associates
Chartered Accountants
Registration No. 308136E
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ¸·|. ·|·||·||··||·|)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ . 11517
(CA S. Mukhopadhyay)
Partner
Membership No. 11517
+ ·i «i=i ·i ··ii ¢ = ¢=ii l=i¢c =i
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 000112BxÉ
For Dass Gupta & Associates
Chartered Accountants
Registration No. 000112N
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ·|·|| |·|·-|)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ. 504111
(CA Raaja Jindal)
Partner
Membership No. 504111
+ ·i ·i ··ii ºi-ii ¢ = ¢=ii l=i¢c =i
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 001466BxÉ
For Gupta Sharma & Associates
Chartered Accountants
Registration No. 001466N
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ||-|·| ·|·|+)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ . 087262
(CA Vinay Saraf)
Partner
Membership No. 087262
+ ·i ·i « ¢ = + ·i-i|
ºÉxÉnÒ ±Éä JÉÉEòÉ®
{ÉÆ VÉÒªÉxÉ ºÉÆ JªÉÉ 012019BxÉ
For Ved And Company
Chartered Accountants
Registration No. 012019N
(ºÉxÉnÒ ±Éä JÉÉEòÉ® ·| ·|| ·| ··||)
¦ÉÉMÉÒnÉ®
ºÉnºªÉiÉÉ ºÉÆ. 098551
(CA Pooja Gupta)
Partner
Membership No. 098551
119
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000?s omitted)
a1 -rr-r , zo1z +r =r-rr··r ·r·r +r -r+«| ir·rrr |·r·rººr
STATEMENT OF CASH FLOW FOR THE YEAR
ENDED 31ST MARCH, 2012.
a1azo1z +r =r-rr··r ·r·r a1azo11 +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< < < <
¤ ·r|º-rr-r-r +r·r +-rr·rr =r -r+«| ir·rrr
A. Cash flow from operating activities :
+· || |-||-| -||·| ;Net Profit before taxes 11502638 9445604
=r-rr·rr ¤r-r / Adjustments for :
~|-| ~||·.|·|| ·|· ~·|-|·|·| r ·| ; Depreciation on fixed assets 781228 805506
|·|·| ·| ·|· ~·|-|·|·| r·| ;Depreciation on investments 2558900 1907700
~·|| ··| } Ktü +| ·| ·||·| ÷|-|-| /
~-|·| + ~||··|·|| +| ·||·|·| .|||·||-| r ·|
Bad debts written off / Provision in respect of
non-performing assets 7563200 11806500
·||-|+ ~||··|·|| fu U rÖtY .|||·||-| r·| / Provision for Standard Assets 1020100 678500
~-·| ·|·| fu U rÖtY .|||·||-| r·|/ Provision for other items 5469500 3111400
~|-| ~||··|·|| +| |·|+| |· ,-||·|); r||-| r ·| ;(Profit)/Loss on sale of fixed assets (9109) (533)
·|| ·| ~·| |· ··||·| fu U ·| ·|·||-|;.|||·||-| r ·| ,,·| ~-|·| ··|| dgt)
Payment/provision for interest on subordinated debt (treated separately) 1979851 1978145
~-| ·| |·|·|| ;~-·| ·| .||·| -||·|| ·| r ·| ,,·| ~-|·| ··|| dgt)
Dividend received from subsidiaries/others (treated separately) (88922) (74128)
|·|·-II ·|| ÷| ·| .||·| ··||·| r ·| ,,·| ~-|·| ··|| dgt)
Interest received from Tier-II Bonds (treated separately) (93914) (361336)
~|,·||÷ |~|, ·|· ·| · ·| ··||·| r ·| ,,·| ~-|·| · || dgt·
Interest paid on IPDI (treated separately) 358286 357550
~·|· | ·|· º ~·| |-||.|| ·|· ·| ··| ··||·| r ·| ,,·| ~-|·| · || dgt·
Interest paid on Upper Tier-2 Debt Instruments (treated separately) 1472224 1469200
=·i·ii ·i /Sub-total 32513982 31124108
·||| · .|··| .|··|-| +·/Less: Direct Tax Paid (3680000) (3500000)
28833982 27624108
=r-rr·rr ¤r-r /Adjustments for :
|·|·| ·| ·| ,·| |¸·/+·|| r .| / (Increase)/Decrease in investments (31001023) 4033808
~|·| ·| ·| ,·| |¸·/+·|| r .| /(Increase)/Decrease in advances (172255166) (177469298)
~··| ~||·.|·|| ·| ,·| |¸·/+·|| r .| /(Increase)/Decrease in other assets (11006059) (12018997)
··||· ·| ·| |¸/,+·||· r .| /Increase/(Decrease) in borrowings 74266482 (7890667)
·|·|| ·| ·| |¸/,+·||· r .| /Increase/(Decrease) in deposits 87258879 228620513
~··| · ·|·||··|| ··| ·| |·|·||·| ·| ·| |¸/,+·||· r .|
Increase/(Decrease) in other liabilities & provisions (6282812) 15401320
·r|º-rr-r-r |+·rr+-rr·rr =r |-r·r-r -r+«| ir·rrr (¤)
Net cash flow from operating activities (A) (30185717) 78300787
120
,¨¨¨ +| ·| ÷ |··|| ·|·|| r )
(000?s omitted)
a1 -rr-r , zo1z +r =r-rr··r ·r·r +r -r+«| ir·rrr |·r·rººr (¤rrº|)
STATEMENT OF CASH FLOW FOR THE YEAR
ENDED 31ST MARCH, 2012. (Contd.)
a1azo1z +r =r-rr··r ·r·r a1azo11 +r =r-rr··r ·r·r
Year ended 31.3.2012 Year ended 31.3.2011
< < < <
¤r |-r·r ºr |+·rr+-rr·rr =r -r+«| ir·rrr
B. Cash flow from investing activities :
~|-| ~||··|·|| +| ·|·|· /Purchase of fixed assets (886911) (1012891)
~|-| ~||··|·|| +| |·|+|;|-|||-| ; Sale/disposal of fixed assets 35663 58557
~-| ·| |·|·|| ;~-·| ·| .||·| -||·|| ·| ;Dividend received from subsidiaries/others 88922 74128
|·|·-II ·|| ÷| ·| .||·| ··||·| ;Interest received from Tier-II Bonds 93914 361336
|-r·r ºr fUtgo+-rr·rr =r |-r·r-r -r+«| ir·rrr (¤r)
Net cash flow from investing activities (B) (668412) (518870)
¡ |·r-r·rr ·rºr +r·r +-rr·rr =r -r+«| ir·rrr;
C. Cash flow from financing activities :
||¸-|·||||¸·| + |-|·|·| ·| .||·| ·||·|;Proceeds from issue of PNCPS 0 6730000
, |+|| ·| ·|·| +| ~|·|·||-|| |-|·| ·|;Preferential issue of Equity Shares 371947 781575
,|+|| ·|·|·| + |-|·|·| |· ·|·|· .|||·|·|·| ;Share Premium on issue of Equity Shares 2696248 8618425r
.|··| -||·|| ·|;Dividend Paid (3387735) (1486179)
~|, ||÷|~|, |· .|··| ··||·| ;Interest paid on IPDI (358286) (357550)
~|· |·|·. ~·| |-|·|·|| |· .|··| ··||·|;Interest paid on Upper T-2 Debt Instruments (1472224) (1469200)
·|| ·| ~·| |· .|··| ··||·|;Interest paid on subordinated debts (1979851) (1978145)
l·i-i·ii ·iºi +i·i +-ii·rr ªi |-r·r-r -i+«l ·i·iir (¡)
Net cash flow from financing activities ( C ) (4129901) 10838926
-i+«l »i ª -i+«l ªi-i·i -·i -i |-r·r-r ·i lq (¤+¤r+ ¡)
Net increase in cash & cash equivalents (A+B+C) (34984030) 88620843
|·|· ·|| ·| -| +| ·|·|« + |-|· ·|·||·|| ·|·|/Adjustment for Foreign Exchange Fluctuation 1216558 140167
-i+«l »i ª -i+«l ªi-i·i -·i -i |-r·r-r ·i lq/Net increase in cash & cash equivalents (33767472) 88761010
+ -iºi· : »·i -i ºc:: »i ª ºc:c +l lª·il·i + »-i ªiiª -i+«l ¢·i -i+«l ªi-i·i -·i
Cash and cash equivalents as at April 1,2011 & 2010 respectively 169804318 81043308
+ -iºi· º: -ii·i ºc:º »i ª ºc:: +l lª·il·i + »-i ªiiª -i+«l ¢·i -i+«l ªi-i·i -·i
Cash and cash equivalents as at March 31,2012 & 2011 respectively 136036846 169804318
¡ ·r·r + ¤rº -r -r -r+«| ¤r º -r+«| =r-r·r -·r
D. Cash and Cash Equivalents at the beginning of the Year
r|·| ·| -|+·| ,||· ·|| ·| -| -|| ¸| ·|·| ·||r·|)
Cash in Hand (including foreign currency notes and gold) 2373493 2355086
·||··||·| |··|| ·| + ·| ·|·||·||·|·|| ;Balance with Reserve Bank of India 101666769 70072208
·| +| ·| ·|·||·||·|·|| ·|·|| ·|| ·| ~| · ~-| ·| |-|| |· .||·|· ·| ·||·|;
Balance with Banks and Money at Call and Short Notice 65764056 8616014
169804318 81043308
= ·r·r + ¤ ·r -r -r+«| ¤r º -r+«| =r-r·r -·r
E. Cash and Cash Equivalents at the end of the Year
r|·| ·| -|+·| ,||· ·|| ·| -| -|| ¸| ·|·| ·||r·|)
Cash in Hand (including foreign currency notes and gold) 3084047 2373493
·||··||·| |··|| ·| + ·| ·|·||·||·|·|| ;Balance with Reserve Bank of India 75031245 101666769
·| +| ·| ·|·||·||·|·|| ·|·|| ·|| ·| ~| · ~-| ·| |-|| |· .||·|· ·| ·||·|
Balance with Banks and Money at Call and Short Notice 57921554 65764056
136036846 169804318
121
·i ªi-iII ii+cl+ªºi/BASEL-II DISCLOSURES
·rr|-r+r ×|)+ -z
TABLE DF-2
·r¸ =r| ªr º-r-rr
Capital Structure
·i ºii·-i+ ii+cl+ªºi
Qualitative Disclosures
(+) ªi-il ·i¸ =il l-i=i·ii +l ªi¸ ·i-ii, ªi =i ·i -i
(a) Summary information of all Capital instruments
1 ¡ l+·icl ·i¸ =il ·.||·||·|+·|| ·| , |+|| + ~|·| -| + ~|·||· |· |·| + ·| ·|-| , |+|| ·| ·|· | ·|| +| ·|· ·| ·| + +| ·||··| ·|·+|· ·| < 4- +·| ÷
¸| ·||··||·| ·|||-| ·||·|| |-|·|·| ·| < .¯-.-. +·| ÷ .||·| r ¸ r : |-|·| ·| ·| -·| < -..4· .||·| ·| ·|· r : + -| ·||·| ·| ·| <¹¯.· +·| ÷ ·| ·|· | ·||
~| · < .ö·.ö¹ +·| ÷ ·| ·|· .|||·|·|·| ·||·| ·| ~ ·||··| |+·|| ·|·||: ·| -|| |·|· | ·|| ·| ·|||·|-| +·-| ·|| ··| r :
1. Equity Capital: During the year, Bank received capital infusion of < 48 crore from Govt. of India and < 258.82 crore from Life
Insurance Corporation of India towards equity share capital on the basis of preferential allotment of equity. The issue price is < 82.49
per share. Of the total amount < 37.19 crore is transferred to Share capital and < 269.63 crore towards Share premium accounts.
Both are eligible for inclusion in Tier –I capital.
2. lc·iª1 ·i¸ =il -i ºiil-i-i +ª-i ·ii ··i ·i l-i·ii«l »ªi ·i·il »l·i-ii-i ºi ·iª (·il¢-iªil·il¢ªi)
Perpetual Non-Cumulative Preference Shares (PNCPS) eligible for inclusion in Tier-1 Capital
·| + + ||·| <-.¹ +·| ÷ + ||¸-|·|||| r ·|| ¹.¨¹..¨. +| |··||·| + ~-| ·||· | ·| ·|·r ·| ·||··| ·|·+|· ;|·| ~|·|···| r : ·| ||¸-|·||||¸·|
·| |·|·||·| .|+ |·| + r ·|| |||·| + ~··||·|| + |-| ·| |·||+ ·| · || ·· + ¬| ·| ||·||·|·| +··| r ¸ ¨¨ ·||||¸·| ·.| ÷ ·||r·| ·| ·| |·|·| ·||·|·| +| -||·|
· || ·· |· |||·|+ ~|·||· |· | -||-|·|| |··| |+¸ ·||¸ ·| :
The Bank is having <1823 crore of PNCPSs which is fully subscribed by Govt of India as on 31.03.2012. These PNCPSs are in
perpetual nature carrying an annual floating coupon bench-marked to Repo rate plus spread of 100 bps which will be reset annually
based on the prevailing Repo rate on the relevant date.
3. lc·iª1 ·i¸ =il -i ºiil-i-i +ª-i ·ii ··i -i·ii --i ·il ·i l-i·ii«l =ºi l-i=i·i
Innovative Perpetual Debt Instruments eligible for inclusion in Tier-1 Capital
·| + -| | ·|| |·|| ·|·|| +| ~| · ·|·|·| ·| +·-| ~| · ·| + + ·|·|| ||·| ·| ·||·|-|| +| ·|«|-| + |-|¸, |·|· | ·|| +| ·|«|-| r ·| ~·| ·|+ <¹-¨ +·| ÷
+ .|| -|| .|+ |·| + ~.||·|·| ·| ~||·|·| -||·| ~-| ·| ·|| ·| |·|·||·| ·|| ÷ ·||·| |+¸ r : ·| ·|| ÷ ~·| ·| ¬| ·| ·||·| |+¸ ·|¸ ·| ~| · ·| · |·| ¸·| |·|·|| ;|·|
,-|+| · |·| +| ·|, ·||, ·|| “¸¸” ¸| “¸¸” |· |··|· ·|-|| r, r: .||·| ·||÷ ~|+·| ·|-·| ¸| |-|·|·| ·|-·| <¨,¨¨,¨¨¨; +·| ÷ ·|| ~| · -·| -|·|·|
~|| ·-| ~|+|· ¸+ ·|| ÷ ¸| ,·|+ ·||· ¸+ ·|| ÷ + ·| ·|·| + ¬| ·| ·||: +| , | ~| ·|-| -|r| ·|| |· ·| ·||··||·| |··|| ·| + + | | ~-| ·|| ·-| ·|
~|·| -| +| ~|-| ·|||-|+ ·||·|·| ·| ¨ |·| +| ·|·|||·| |· ·|·|·| -·| |· +| -| ~| ·|-| ||··||-| r ·|·|| ~|·| -| +| ~|-| ·|||-|+ ·||·|·| ·| ¨ |·||
+| ·|·|||·| |· +| -| ~| ·|-| +| .|·|| ·| -| |+¸ ·||-| +| ··|| ·| ¨ |·| + ·||· · |~| + |-| +| ~| ·|-| ·|| ·|| ·| · r : ·||··||·| |··|| ·| + +
·||-|· ÷| + ~-| ·||· ··||r| ~|·||· |· ··||·| |··|| ·||·|| r : ·| -| ·|-|-| ·| + ¸+·|| ·| ~| + , |÷·|| |-||·| ÷ ,¸-|¸·|, ) + ·|| + ~·| ·||·||·
,÷·-|·| ÷|¸·|) ·| ·|·| ·| ·| ||·|, r :
The Bank has so far raised Unsecured Non-Convertible Subordinated Perpetual Bonds in the nature of Promissory Notes to the tune
of < 380.00 crore for augmenting the Tier-I Capital for strengthening the Capital Adequacy and enhancing long term resources of the
Bank. The Bonds were issued in Dematerialized Form and rated by two rating agencies carry ‘AA-’ and ‘AA’ stable. Face Value and
Issue Price per bond is < 10,00,000/- and minimum application size was one bond and in multiples of one bond thereafter. There was
no put option, but call option is there at par at the end of 10
th
year from the deemed dates of allotment with the prior approval of RBI
and step up coupon after ten years if call option is not exercised at the end of 10
th
year from the deemed date of allotment. The interest
is to be paid semi-annually subject to RBI norms. These are listed on the Wholesale Debt Market (WDM) segment of the National Stock
Exchange of India Limited (NSE).
122
4. lc·iªz ·i¸ =il -i ºiil-i-i +ª-i ·ii ··i »-i ·i ·il »·iª lc·iªz =ºi l-i=i·i
Subordinated Upper Tier-2 Debt Instruments eligible for inclusion in Tier-2 Capital
·| + -| ~|-|| | ·|| |·|| ·|·|| +| ~| · ·|·|·| ·| +·-| ~| · ·| + + ·|·|| ||·| ·| ·||·|-|| +| ·|«|-| + |-|¸, |·|·. | ·|| ·|«|-| r ·| ~·| ·|+ <ö.¨
+·| ÷ + .|| -|| ¬ | ·| ~.||·|·| ·| .||·|· ·| ~||·|·| -||·| ~-| ·| ·|| ~|· |·|·. ·|| ÷ ·||·| |+¸ r : ·|| ÷ ~·| ·| ¬ | ·| ·||·| |+¸ ·|¸ ·| ~| · ·| · |·|
¸·| |·|·|| ;|·| ,-|+| · |·| +| ·|, ·||, ·|| “¸¸ |··|·” ¸| “¸-|¸¸ |··|·”: .||·| ·|| ÷ ~ |+·| ·| -·| ¸| |-|·| ·| ·| -·|< ¨,¨¨,¨¨¨; +·| ÷, ~| ·
-·| -|·|·| ~|| ·-| ~|+|· ¸+ ·|| ÷ ~| · ··|+ ·||· ¸+ ·|| ÷ + ·| ·|·| + ¬| ·| ·|·| |+·|| ·|·|| ·||: +| , | ~| ·|-| -|r| ·|| |· ·| ~|·| -| +|
~|-| ·|||-|+ ·||·|·| ·| ¨ |·| +| ·|·|||·| |· ·|·|·| -·| |· +| -| ~| ·|-| ||··||-| r : ·||··||·| |··|| ·| + + ·||-|· ÷| + ~-| ·||· ··||r| ~|·||· |·
··||·| |··|| ·||·|| r : ||·|+|·|| + ·|·||| |r |-| |· ~|· |·|·. |-|·|·|| |· | ·|| |·| |·|·|| r ·| ||·||·| ·| · .||·| r| ·|| r , ·| ·|| |+ ·|·| |||·| ~-| ·| ·|| ~·|
+| | ·| ~||·| + ~ |·|·| | || |·| ·| r| ·|| r : ·| -| ·|-|-| ·| + ¸+·|| ·| ~| + , |÷·|| |-||·| ÷ + ·|| + ~·| ·||·||· ·| ·|·| ·| ·| ||·|, r :
The Bank has so far raised Unsecured Redeemable Non-Convertible Subordinated Upper Tier -II Bonds in the nature of Promissory
Notes to the tune of <1620.00 crore for augmenting the Tier – II Capital for strengthening the Capital Adequacy and enhancing long
term resources of the Bank. The Bonds were issued in Dematerialized Form and the ratings of two rating agencies carry ‘AA’ Stable
and ‘LAA Stable’. Face Value and Issue Price per bond is <10,00,000/- and minimum application size was one bond and in multiples
of one bond thereafter. There was no put option, but call option is there at par at the end of 10
th
year from deemed date of allotment.
The interest is to be paid semi-annually subject to RBI norms. The Upper Tier –II instruments are subjected to progressive discount
for capital adequacy purposes as they approach maturity as in the case of long term subordinated debt over the last five years of
their tenor. These are listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited.
5. lc·iªz ·i¸ =il -i ºiil-i-i +ª-i ·ii ··i »-i ·i ·il (-ii »ª lc·iªz) =ºi l-i=i·i
Subordinated (Lower Tier-2) Debt Instruments eligible for inclusion in Tier-2 Capital
·| + -| ~|-|| | ·|| |·|| ·|·|| +| ~| · ·|·|·| ·| +·-| ~| · ·| + + ·|·|| ||·| ·| ·||·|-|| +| ·|«|-| + |-|¸, |·|·. | ·|| ·|«|-| r ·| ~·| ·|+ < .-.¯.¯
+·|÷ + .||-|| ¬| ·| ~.||·|·|·| ~||·|·|-||·| ~-|·|·|| -||~· |·|·. ·||÷ ·||·| |+¸ r: <4¯¨.¯ +·| ÷ + .|·|·| ·||-| +·| ,|·-|| +
¹¨.¨ö..¨¨ö +| <¯¨.¯ +·| ÷ + +·|1, |·-|| + ¨¯.¨4..¨¨¯ +| <¯¨.¨¨ +·| ÷ + +·|. ¸| |·-|| + ¨-.¨¯..¨¨- +|
<¯¨.¨¨ +·| ÷ + +·|¹ ·|| ||·| r ¸) |r-| r| ·|| ||·| r| | + r : ·| ·| ·|| ÷ ~·| ·| ¬| ·| r| r ,-|+| · |·| ·| · |·| ¸·| |·|·|| ;|·| +| ·|, ·||,
·|| “¸¸ |··|·” ¸| “¸-|¸¸ |··|·” r: +| , | ~| ·|-| ~| · +| -| ~ |·|-| -|r| ·||: | || ·|+|·|| +·|| + |-|¸ |||·| + ·|·|| ·| ·| +·|| + |-|¸ ··||r|
~|·||· |· ··||·| |··|| ·||·|| r : ,-|+| ||·|+|·|| |··|· r ~| · ||·|+|·|| + ·|·||| |r |-| |· ,-| |· ||·||·| ·| · .||·| r| ·|| r : |·|-| |-|·|·||
+| .||· |·|+ ||·|+|·|| ~||·| | || |·| ·| +·| r , ·|| |·|-|+ ||·|+| r| -| ·| ¸+ |·| ·| ·| r , ·-r |·|· II | ·|| + |r··| + ¬| ·| ·|||·|-| -|r|
|+·|| ·||·|| r : ,-r -| ·|-|-| ·| + ¸+·|| ·| ~ |+ , |÷·|| |-||·| ÷ + ·|| + ~·| ·||·||· ·| ·|·| ·| ·| ||·|, |+·|| ·|·|| r : ·| -| ·|-|-| ·| + ¸+·|| ·|
~| + , |÷·|| |-||·| ÷ + ·|| + ~·| ·||·||· ·| ·|·| ·| ·| ||·|, r :
The Bank has so far raised Unsecured Non convertible subordinated Tier-II Bonds in the nature of Promissory Notes to the tune of
< 2825.15 crore for augmenting the Tier – II Capital for strengthening the Capital Adequacy and enhancing long term resources of the
Bank. The first three series aggregating < 450.15 crore have already been redeemed (< 150.15 crore Series I redeemed on
30.06.2006, < 150.00 crore Series II redeemed on 07.04.2007 and < 150.00 crore Series III redeemed on 08.05.2008 respectively).
The outstanding bonds are in Dematerialized Form and the rating by two rating agencies carry ‘AA+’ stable and ‘LAA+ Stable’. There
was no put option and no call option. The interest is to be paid on annual basis in case of five series outstanding and for the remaining
series interest is to be paid semi annually. These carry fixed maturity and as they approach maturity they are subjected to
progressive discount. Instruments with an initial maturity of less than five years or with a remaining maturity of one year are not to
be included as part of Tier – II Capital. These are listed on the wholesale Debt Market segment of the National Stock Exchange of India
Limited.
123
·r -rr>rr·-r+ ·r +c|+ººr / Quantitative Disclosures
(=r/b) |c·rº l ·r¸ =r| / Tier-1 Capital 7890.76
··|·| ·| / Of which -
·| ··| ·| ·|| / Paid-up Capital 664.71
~|·|-|·| |·||·| / Reserves :
·| ·|· ·| ||·|·|·| / Share Premium 1171.47
·| ·|| ~|·|-|·| |·||·| / Capital Reserve 290.07
·|| |||·|+ ~|·|-|·| |·||·| / Statutory Reserve 1447.93
·||·||··| ~|·|-|·| |·||·| / General Reserve 399.73
.||·|·|||··| ~|·|·| ·| /Surplus Retained 2111.11
·||| ··| ·|| ·| ·||·||·| ~·| |-|·|·| / Innovative Perpetual Debt Instruments 380.00
·| ·||·||·| ~ ·||·|| ~|·|·||-|| ·| ·|· / Perpetual Non-Cumulative Preference Shares 1823.00
|·|·| ·| ·|| ·| +| ·|| +| ·|, ·||·|. |·|·|·| ·||·| ·| |·|| ·| ·|||·|-| r
Amounts deducted from Tier-I Capital including Goodwill & Investment 397.26
(·|/c) |·|· ·| ·|| +| + -| ·||·| ,|·|· ·| ·|| ·| +| ·|| |+· ·||·| + ·||· ·||| ·||·|,
The total amount of Tier-2 Capital (Net of deductions from Tier-2 Capital) 4151.46
(·|/d) ~·| ·| ·||·|·| |-|·|·| ·|| ~·|· |·|· ·| ·|| ·| ·|||·|-| +·-| ·|| ··| r
Debt Capital Instruments eligible for inclusion in Upper Tier-2 Capital :
+ -| ·|+|·|| ·||·| / Total amount outstanding 1620.00
|·|·|·| ·| ||-| |·| + ·| ·|·| ·| |, ·|, ·||·|
Of which amount raised during the current year 0.00
·| ·||·|·| |·||·| + ¬·| ·| ·||·| ·||·| ·||··| ·||·|
Amount eligible to be reckoned as Capital Funds 1620.00
(÷/e) ·|| ·| ~·| ·|| -|| ~· |·|· ·| ·|| ·| ·|||·|-| |+· ·||·| ·||··| r
Subordinated Debt eligible for inclusion in Lower Tier-2 Capital :
+ -| ·|+|·|| ·||·|/Total amount outstanding 2375.00
|·|·|·| ·| ||-| |·| + ·| ·|·| ·| |, ·|, ·||·|
Of which amount raised during the current year 0.00
|·| + ·| ·|·| ·|| ||·| ·||·|/Redeemed during the year 0.00
·| ·||·|·| |·||·| + ¬·| ·| ·||·| ·||·| ·||··| ·||·|
Amount eligible to be reckoned as Capital Funds 1775.00
(|/f) ·| ·|| ·| ~··| +| |·|·|| . ·||· +| , r| / Other deductions from Capital, if any Nil
(· / g) + -| ·||··| ·| ·||/Total eligible Capital 12042.22
,+·| ÷ < ·| ;< In Crore,
124
·rr|-r+r ×| )+ -º
TABLE DF-3
·r¸ =r| ·r·rr ··r·rr
Capital Adequacy
·i ºii·-i+ ii+cl+ªºi / Qualitative Disclosure
(+) ||··||-| |+·||+-||·|| ¸| ·|||| |+·||+-||·|| +| ·|·||·|·| +·-| r ·| ~·| |-|·| |||·|--| ·| ·||·|·| |-|·|·|| +| ·||·| +·-| + |-|¸ ·| + +|
·|| ·|-|| ·| |-|· ·|+ ·| ÷-| +| ·|·|·|-·|·|·| ·|· ~|·|·| +·|·|| ·||·|| r : |-|· ·|+ ·| ÷-| ;|·| ,·|+| ~|||·|+ ·|·||-|| ·|| +| ·||·|| r :
(a) Board is apprised periodically of Bank’s plan for raising different Capital instruments needed for supporting current activities
and future activities. This is also reviewed periodically by the Board.
ii-ii>ii·-i+ ii+cl+ªºi / Quantitative Disclosure
,·|) ~·| ·|| |·|·| + |-|¸ | ·||·|·| ~||··|+·||·
·||-|+|+ ·| ¡|·+| ·| + ~··|·||-| || +| |-|·||
(b) Capital requirements for Credit Risk :
Portfolio subject to Standardized Approach 7750.73
.||·|·| |·|+··| ¸+·||| ·|·
Securitisation Exposures ·| -·|/Nil
,·|) ·||·||· ·|| |·|·| + |-|¸ | ·||·|·| ~||··|+·||·
·||-|+|+ ·| ~||·| ¡|·+| ·|
··||·| ·· ·|| |·|·|
||· ·|| ·| -| ·|| |·|·| ,·|·| ·||r·|)
, |+|| ·|| |·|·|
(c) Capital requirements for Market Risk :
Standardized Duration Approach 502.58
Interest Rate Risk 403.06
Foreign Exchange Risk (including Gold) 2.25
Equity Risk 97.27
,·|) ||·||-|-|·|·| ·|| |·|·| + |-|¸ | ·||·|·| ~||··|+·||·
·| |-|·||·| ·| |+ ¡|·+| ·|
(d) Capital requirements for Operational Risk : 526.25
Basic Indicator Approach
,÷) ·|| ·| ·|·|| |·|· | ·|| ~-| ||·|
(e) Total and Tier-1 Capital Ratio 12.35%
8.09%
·||| | ·|·| |+·| ·|·| r + |-|¸ ; For the top consolidated group -||·| -|r| ;Not Applicable
·--| ·|-||·| ·| + ·|r|·|+ + ||-|·|| + |-|¸ ,«| || |·|·| .|+|· -||·|
r| ·|| r ··|+ ~|·||· |· ~|-| ~|| ·| |··|·| ·|| ·|·|·| |+·|)
For significant bank subsidiaries (stand alone or sub-consolidated depending -||·| -|r| ;Not Applicable
on how the Framework is applied)
,+·| ÷ < ·| / < in crore)
125
·rr|-r+r ×|)+ -+
TABLE DF-4
=ºr =rr |=r-r
Credit Risk
1) l·io-ii ·i+i·ii ¢·i »-i=i + =ii·i (-i =ii +-i ii·ii =i-i r ·i )
Past Due and Impaired Accounts (for accounting purpose):
|-|· ·|+ ·| ÷-| ;|·| |||·||·| ~-| ·|| |··| ·| + +| ~-|·| + ~||··| .|·| ·| -|||·| + ~-| ·||· |+·|| ~||··| +| |-|·-|| |+·| |··||·| ·| ||·-|| ·|+|·||/
~-|·| + ~||··| ·||-|| ·||·|| r
In terms of Bank’s NPA Management Policy duly approved by the Board of Directors, an asset is treated as Past due/impaired asset
where –
i. ·||·||·| ~ ·| + ·||·|-| ·| ··||·| ~| ·;·|| ·| -| ·|-| +| |+··| ·¨ |·-|| ·| ~|·|+ ·|·|·| ·|+ ·|+|·|| ·r·|| r :
Interest and/or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.
ii. ~| |·÷ |+;-|+·| ~ ·| + ·||·|-| ·| -||| ·| |·¸ ·|¸ | ·| + ~-| ·||· ·||·|| ·¨ |·-|| ·| ~|·|+ ·|·|·| ·|+ ~|-|·||·|·|·r·|| r :
The account remains ‘out of order’ for a period of more than 90 days as given in para below, in respect of an overdraft/cash
credit (OD/CC).
iii. ·|·|· ·|¸ ¸| ·| -||¸ ·|¸ |·|-| + ·||·|-| ·| |·|-| ·¨ |·-|| ·| ~|·|+ ·|·|·| ·|+ ·|+|·|| ·r·|| r :
The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted,
iv. ~-||||·| +| +·|-|| + |-|¸ ·| -| ·|-| +| |+··| ·|| ··| |· ··||·| ·| +·|-|| + ·|| ·|·| ·|+ ·|+|·|| ·r·|| r :
The installment of principal or interest thereon remains overdue for two crop seasons for short duration crops.
v. ·|·|| ||·| +| +·|-|| + |-|¸ ·| -| ·|-| +| |+··| ·|| ··| |· ··||·| ¸+ +·|-| + ·|| ·|·| ·|+ ·|+|·|| ·r·|| r :
The installment of principal or interest thereon remains overdue for one crop season for long duration crops.
|+·|| ·||·| +| ~|-|·||·|·| ·||-|| ·||·|| r ·|·| ; An account is considered out of order when
i. ·|+|·|| ·| ·| -||·||·||· ·||+ ·| ·||·||~|r··| ~|·|+|· ·| ~|·|+ ·|-|| ·r·|| r , ·|| ·||·| +| ~|-|·||·|·| ·||-|| ·||·|| r :
The outstanding balance remains continuously in excess of the sanctioned limit/drawing power; the account is treated as out
of order.
ii. ·|+|·|| ·| ·| -|·||·||· ·||+ ·| ·||·||~|r··| ~|·|+|· ·| +·| r| ·|| r |+ ·| -|·||·||· ·¨ |·-|| ·|+ +| , ·||·| ·|·|| -|r| +| ·||·|| r ·|| ·|·|| +| ·|, ·||·| -||·| |+¸
·|¸ ··||·| + |-|¸ | ·| -|r| r| ·|| r :
The balance outstanding is less than the sanctioned limit/drawing power but there are no credits continuously for 90 days or the
credits are not sufficient to cover the interest debited.
2) ·i + +l = ºi =ii l=i-i ii·i ·i -ill·i/ Bank’s Credit Risk Management Policy:
·| + +| ~·| ·|| |·|·| .|·| ·| |,|·| |-|· ·|+ ·| ÷ -| ;· | |||·||·| ~-| ·|| |··| -|||·|·|·| |-|· ·|| |· ~|·|||· ·| r , |·|-|·| ~-·| ·||·|| + ·||·| ·||·| |-|·-||-||·|·| ·|||·|-| r ·
Bank’s Credit Risk Management practices are based on policy directives duly approved by the Board which, inter-alia, encom
passes the following:
i. ~ ·| ·|| |·|·| ~|·|·|r·| +|·| -|||·| ¸| -|||·|·|| ; Credit Risk acquisition – strategies & policies,
ii. ~ ·| ~-| ·|| ·-| .||+·||;Credit approval processes.
iii. ~ ·| ·|| |·|·| |-|·|·|-|| .||+·||;Credit Risk monitoring processes.
iv. ~ ·| ·|| |·|·| |-|·| ~|·| .||+·||; Credit Risk control processes.
~| ·|| |·|·| + ·|·| ·| +| ·||·| |·|··| ·|·| |-|· ·|+ ·| ÷-| +| r| ·|| r ~| · |-|· ·|+ ·| ÷-| +| ·|| |·|·| ·|·| ·| ·||·||·| ~| ·|| |·|·| ·|·| ·| ¸| |··|| |·|
r ·| |··|||-|· ·| |-|·|| |··| +·-| + |-|¸ ···|··|·|| r ~| · |r -|||·| + ~-| ¬·| ~| ·|| |·|·| ·|·| ·| ·||+·||, ||| +·| | ·||·|| +| |-|·|| ·| ·|·|| ··|+|
·|·|·|-·|·|·| ·|· ·|·||-|| ¸| ·|||·|·| + ·||·||+ +| ·|,«·|| ·||-|·||·| +··|| r: ~| ·|||·|·| ·|·|·| ·||·||·| ~| -|||·| ¸| ·||+·|| ·| ·|·||·|·| ·|·| +|
|-|·||-| ·|·|| ·| · ·| + + ~|·||· ·|· ~| ·|| |·|·| + ||·-| ·||, |-|·|·|-|| ·|·|| |-|·| ~|| r ·| ··|··|·|| r :
·rºrr·-r+ ir+c|+ººr / Qualitative Disclosure:
126
|·||·| ~|·|||··| ·| ·|·||·| ~|·|||··|
Fund Based Non-Fund Based
,+, + -| ·|+-| ~·| ·+·|·|| ·|·
a) Total Gross Credit Exposure 117,504.07 14,456.27
·|, ~ ·|| +| ·|| ·|| |-|+ ·| ||·|··|
b) Geographical Distribution of Exposure
||· ·|| / Overseas 9,664.17 978.02
· ·|| / Domestic 107,839.90 13,478.25
1111z +i ii-ii>ii·-i+ ii+cl+ªºi (ªi-il ªilºi·ii +ªi = -i )/
Quantitative Disclosures (all amount in < Cr) as on 31.3.2012
,+·| ÷ < ·| ;< In Crore)
Board of Directors has over all responsibility for management of Credit risk and Risk Management Committee of the Board is
responsible for setting up guidelines for Credit Risk Management and reporting, ensuring that Credit Risk Management processes
conform to the policy, setting up prudential limit and its periodical review and ensuring robustness of risk modules. Credit Risk
Management Committee is responsible to deal with issues relating to Credit policy and procedures and to analyze monitoring and
control credit risk on bank wide basis.
·| + +| ~| ·|| |·|·| ·|·| ·| ||·||·| ·| + ;|·| |-|·|| |··| ·|| |·|·| ·||-|· ÷| ~| · ||| +·| | ~| ·||·|| +| -||·| +·|-| ~| · ··|+ ~-| ·||-|-| +| |-|·|·|-||
+··|| r : ·|r ||·||·| ·|| |·|·| ·| -·|| +-| ·|,|·| +| |-|·|| ·| ·|·|| ~| ·| ||·||·| +| ·| ||··|| +| |-|·|·|-||, ·|·|··||~| +| ·|r||-| ·|·|| ~| |·|| +|
·| ·||· ~| · ·| ||·||·| ·| -·|| +-| ·||r·| ,·| ·|·|| ·|-| r ·| ¸·|~|, ¸·| +| ||+|·| ·|| +··|| r : ~| ·|| |·|·| ·|·| ·| ||·||·| +| ~| ·| ·||·|-| ¸| ~|
|-|·|·|-|| ||·||·| ·| ~-|·| ¸+ ·|·| ~| ·|··|| r :
Credit Risk Management Department of the Bank enforces and monitors compliance of the risk parameters and prudential limits set
by the Bank. They also lay down risk assessment system, monitor quality of loan portfolio, identify problems and correct deficiencies,
develop MIS for the purpose including portfolio evaluation. Credit Risk Management Department is independent of Credit Processing
& Credit Monitoring Departments.
~| ·|| |·|·| +| ·| -·|| +-| ~ ·| ·||·|| + ·| ·|||-|·|| ··| + ·||··|·| ·| |+·|| ·||·|| r : ·| + ·| .¯ -||·| ·. ·| ~|·|+ + ¸+·||| ·|· ||-| ·|·|| ·||·||
+ ·| ·|| |-|·|| ··| + |-|¸ ,·|| ·|-||·|·| ~ ·|| +| ·| ÷+·) ¸+ |,|·| ||··||-| r : ·| + ·| ·|| |-|·|| ··| ·||,·| ·|-| +| ··||-| ··|·|| r ·|·|| ··|-| ·|·||
·| ·|| |-|·|| ··| + |-|¸ ~| ·||·+ | + ·· ||+|·|·| +| r : | + ··| +| |-|·|| ··| ··||||·| ·| ·|| |-|·|| ··| ¸·| |·|·|| +| | + ··| + ·||·| ·|| |+·|| ·||·||
r :
Assessment of Credit Risk is done through rating of credit accounts. The bank has a system of rating all accounts (excepting those
under schematic lending) having exposure of above < 25 lacs. Bank tracks rating migration and has developed internal default rates
across rating. The mapping of default rates is also carried out with default rate of established rating agencies.
·| +, ·|r| +r| ·| ·|| ~| · ~·| |-|·| r| ·|| r , ··|·| +·| ·| ·|||·| + ·|| ·||· |+·|| ~| + ·||··|·| ·| ~ ·| ·||·|| ·| ·| ÷ ·|| |·|·|| +| +·| +·-| +| r·
·| ·|| +| |·|·| +··|| r : ,·|+ ~|·||·+·| |·|-| ·|·|| ¸| |-|·| ·|-|| + ~·||-| ~ ·| ·||+ ·| |+¸ ·||·| r, | ·|| ~ ·| ·| ·| ÷ ·|| |·|·|| +| +·| +·-|
·| ·|r|·|+ r| ·| r : ·|| |·|·|| +| +·| +·-| ·| ·||·|| +| |-|·||·|·| |-|·|·|-|| ¸| |-|·| ~|| ·|| ·|r|·|+ r| ·| r : ·|| |·|·|| +| +·| +·-| + |-|¸ ·| +
-| ·||· ¸| -|·| ···|| + |-|¸ |-|·|| ·| ~ ·| ·||· | |-|·|·| ¸| ~ ·| ·||· | |-||·| -·||·| ·| ·|| ··| ·||·|| +| ~||··|+ ·||·|| ·|| +·||·|| r :
The bank makes all possible efforts to mitigate risks associated with credit accounts through suitable collaterals or guarantors
wherever it is considered feasible and desirable. In addition to that, terms and conditions under which credit is sanctioned also go
a long way to mitigate risks associated with credit. Regular monitoring and control of accounts also add to the risk mitigation. In order
to mitigate risk, the Bank has taken necessary cover for eligible accounts from Export Credit Guarantee Corporation and Credit
Guarantee Fund Trust for Micro and Small Enterprises.
·i ºii·-i+ ii+cl+ªºi / Qualitative Disclosure
127
,+·| ÷ < ·| ;< In Crore)
(·i) 11 -ii·i zu1z +i = ºii +i =¤i ·i·iiª ªi l·i·iªºi
c) Industry type distribution of Exposures as on 31
st
March 2012
=ur ·r
+r ×
|-r|·r ¤r·rr|º·r
¢+ªi·ii =iª
·r º-|-r|·r
¤r·rr|º·r
¢+ªi·ii =iª
+ -r
Industry Industry Name Fund based Non-Fund Total
Code Exposure based
Exposure
1 +| ·|-|| /Coal 1,120.17 523.39 1,643.56
2 ·|·|·| /Mining 569.89 15.49 585.38
3 -|| r| ·| ,··||·| /Iron and Steel 10,797.37 2,139.46 12,936.83
4 ~··| ·||·| ·| ·||·| ···||· /Other Metal & Metal Products 1,457.68 645.93 2,103.61
5 ·|·|| , ·|||·|·||··| +|·| /All Engineering 2,949.08 3,054.27 6,003.35
5.1 ,·|·| ·| ,-| + | |·|+ /Of which Electronic 1,311.60 82.71 1,394.31
6 ||· ·| /Electricity 3,010.66 220.60 3,231.26
7 ·| ·|| |·~| /Cotton Textiles 3,235.97 227.95 3,463.92
8 ·| |·~| /Jute Textiles 21.66 0.73 22.39
9 ~··| |·~| /Other Textiles 3194.54 192.41 3,386.95
10 ||·|| /Sugar 512.51 29.73 542.24
11 ||·| /Tea 676.49 4.40 680.89
12 ·||· ·| ·| ·+··|/Food Processing 2,139.65 69.47 2,209.12
13 |·|··||·| ·| -| ·| |·|··||·|/Vegetable Oils and Vanaspati 331.11 119.17 450.28
14 ·|··||+ ·| ·|··||+ ···||·/Tobacco and Tobacco Products 179.80 0.45 180.25
15 +|·|·| ·| +|·|·| ···||·/Paper and Paper Products 570.12 16.48 586.60
16 ··|÷ ·| ··|÷ ···||·/Rubber and Rubber Products 293.47 43.22 336.69
17 ··||·|·|. ÷|,·|. ·| ·| ~||·/Chemicals, Dyes, Paints, etc. 2,022.53 168.85 2,191.38
17.1 ,·|·| ·| ·| ·+/Of which Fertilisers 110.73 2.05 112.78
17.2 ,·|·| ·| ·| | ··||·|·|/Of which Petro-Chemicals 304.38 18.25 322.63
17.3 ,·|·| ·| ~| ·|·| ·| +·|| ··| |+-·|/Of which Drugs and Pharmaceuticals 989.31 20.42 1,009.73
18 ·||·| /Cement 565.96 60.03 625.99
19 |·| ·| |·| ···||·/Leather and Leather Products 169.92 9.02 178.94
20 ···| ·| ·|||r·|·|/Gems and Jewellary 627.60 39.35 666.95
21 |||·|·|| ·| /Construction 2,719.51 2,419.12 5,138.63
22 ·| | |-|·|·|/Petroleum 1,647.08 9.97 1,657.05
23 ~| | ·|| ·||,-|. + ·||r·|/Automobiles including Trucks 1,294.67 308.01 1,602.68
24 + ··| · ·|| +| ·|·/Computer Software 476.66 80.75 557.41
25 ·| |·|·||·| ·| ||·||· /Infrastructure 28,535.77 3,349.24 31,885.01
25.1 ,·|·| ·| |·|·|-||/Of which Power 14,778.87 1,923.44 16,702.31
25.2 ,·|·| ·| · ··| ||·/Of which Telecommunications 3,446.86 385.50 3,832.36
25.3 ,·|·| ·| ·|÷ + ·| ·| ···||r/Of which Roads and Ports 6,643.16 819.74 7,462.90
26 ~··| ··| ·|/Other Industries 1,999.04 162.36 2,161.40
27 ··|·||·+·|| /NBFCs 12,887.90 26.73 12,914.63
=ur ·r ·rr ·r / INDUSTRY TOTAL 84006.81 13936.58 97,943.39
=ur ·r +r -rr-r
128
(·i)(d) »ilª·i·ii +l »·iºi ·i ªi l·i«i·-i+ ·ilª·i+·i·ii +l ªi-iil··i / Residual contractual maturity breakdown of assets
1 day 2 to 7
days
8 to 14
days
15 to 28
days
29 days to
3 months
Over 3
months &
upto 6
months
Over 6
months &
upto 1
year
Over 1
year &
upto 3
years
Over 3
years &
upto 5
years
Over 5
years
Total
1 l«-i z ªi ¨
l«-i
·i+
ë ªi 14
l«-i
·i+
1ä ªi zë
l«-i
·i+
1 -iir ªi
»l·i+
·iª ·i ê
-iir ·i+
za l«-i
ªi 1 -iir
·i+
ê -iir ªi
»l·i+
·iª ·i 1
·i·i ·i+
1 ·i·i
ªi
»l·i+
·iª ·i 1
·i·i ·i+
1 ·i·i ªi
»l·i+
·iª ·i ä
·i·i ·i+
ä ·i·i
ªi
»l·i+
·ii ·i
,+·| ÷ < ·| ;< In Crore)
·|·|| ; Deposits 305.46 5053.25 3504.38 4644.06 39279.33 12086.48 40565.18 13985.48 2442.65 32137.22 154003.49
~|·|·| ;Advance
·|+-|;Gross 1442.44 1708.89 1791.53 1494.69 9480.38 8992.83 12556.03 32697.62 12942.31 34397.32 117504.05
|-|| ·|;Investment 4813.75 1200.42 982.31 1070.56 8974.54 2448.55 9826.72 5048.82 1296.62 10523.12 46185.41
~·|;Borrowing 7139.01 203.50 0.00 152.62 508.75 170.83 98.31 782.89 660.88 3184.63 12901.42
||· ·|| ·| -|
~||··|·||
Foreign
Currency
-Asset 960.87 1391.37 426.48 588.26 4101.62 2436.79 3757.76 1348.10 328.23 1141.68 16481.16
||· ·|| ·| -|
· ·|·||/· ·|·||¸
Foreign
Currency-
Liability/ 69.83 1827.06 400.76 558.29 3540.21 2765.66 1426.89 3358.67 291.23 2242.56 16481.16
Liabilities
|||··|
Particulars
·i ºii·-i+ ii+cl+ªºi /Qualitative disclosures:
|-|·-||-||·|·| ·| ·|| |-|·|| ·+ ¸·| |·|·|| ;|·| |+¸ ·|¸ ~·| ·| ·|||-|·|| ··| +| ·|·|| ·| ·||-|+ ¡|·+| ·| + ~·||-| r·||· ~ ·| ·||·|| + ·|| |·|·| ·|||··||
r ·| |+·|| ·||·|| r ·
Credit rating accorded by the following credit rating agencies has been used in assigning risk weights to our credit accounts under
standardized approach:
1) ·||¸~|·, ;CARE 2) ·||~|·~|, ¸·|~|, ¸-|;CRISIL 3) ¸+~|, |·||¸|;FITCH 4) ~|, ·||~|·¸;ICRA
,|·| +·| ·| ·| ||·|,;Listed in alphabetical order)
· ,·| .|·|| ·|-| r ·| ·|·|| ·| +| ·|, ~ ·| ·| ·|| |-|·|| ·+ ¸·| |·|·|| ·| +| , ||·|·| -| -|r| |+·|| ·|·|| r :
There has been no change in the credit rating agencies used for the purpose.
· ·| ·|||-|·|| ·+ ¸·| |·|·|| -| +||| · ¸+·||| ·|· +| ·| ·|||-|·|| ··| |+·|| r ; Rating agencies have rated corporate exposures.
· + |· ·|--||·|·| ·| ·|| |-|·|| ·+ ¸·| |·|·|| ;|·| .|··| ·||| ·||-|+ |-|·| ·| +| ·| ·|| |· ~|·|||··| ·||·|| +| ·| ·|||-|·|| ··| +·-| ·| ·| + -| ·||··||·|
|··|| ·| + + ·||·· ||·|~| ~|··||~|, ;.¨.;ö÷|·||~| ÷|. ·| . ·||||. ·||·||. ;..¨ö.¨¨;.¨¨ |·-|| + ·| -||, .¨
·| |·¸ ·|¸ |··|||-|· ·|| +| ||-|-| |+·|| r :
In assigning rating to accounts based on public issue rating given by the above mentioned rating agencies, followed
thebank has guidelines of Reserve Bank of India communicated vide their Master circular RBI/2011-12/61
DBOD.No.BP.BC.11/ 21.06.001 / 2010-11 dated July 1, 2011.
·rr|-r+r ×|)+ -s TABLE DF-5
= ºi =ii l=i-i : :: :: -ii-i+ ¡l·c+i ºi + »··i·il-i ªi l·i-ii·i +i ii+cl+ªºi
Credit Risk : Disclosures for Portfolio subject to the Standardised Approach
·r -rr>rr·-r+ ·r +c|+ººr;Quantitative disclosures :
-ii-i+ ¡l·c+i ºi -i =ii l=i-i +i +-i +ª-i + ·ii« ¢+ªi·ii =iª
Exposure after risk mitigation in Standardized Approach:
¯ ·| +·| +| ·|| |·|·| ·||·/Below 100% Risk Weight 66,840.82
¯ ·|| |·|·| ·||· /100% Risk Weight 35,424.79
¯ ·| ~|·|+ +| ·|| |·|·| ·||·/More than 100% Risk Weight 14,102.87
+| ·|| /Deductions 12,131.92
·ii ·i / Total 1,16,368.48
,+·| ÷ < ·| ;< In Crore)
129
·rr|-r+r ×|)+ -c
TABLE DF-6
=ºr =rr |=r-r ·r ºr-r-r
Credit Risk Mitigation
·i ºii·-i+ ii+cl+ªºi / Qualitative disclosures :
(~) ·| -|-| ·|~| ~| · ··|+ ,·|· + ·|·||·|| ·|-| +| ··|·|| ·| |·|·| ·||·|| ·|+ ·| + ;|·| |+·|| ·||·|| r ··|+| ·| |+ ·|·|| ··|+ |-|¸ -|||·| ¸|
·||+·|| ~ | ·|| |·|·| ·|·|·|-| ·|+-||+ ·| -|-| ·|~| + ·|·||·|| ·|-| ·| ·| ·||
(a) Policies and processes for, and an indication of the extent to which the bank makes use of, on and off balance
sheet netting
= ºi =ii l=i-i iiºi-i-i ·i+-il+ - ·i -i-i ·i>i + ªi-ii·ii =i-i ªi ·i ·il / Credit risk mitigation techniques- On Balance Sheet netting
·| + ,·| ·|·| + ~··|·||-| |-||-| ~ ·| ¸+·||| ·|· + ~|·||· |· | ·|| ~||··|+·|| +| ·|·|-|| +··|| r |+-
The Bank computes capital requirements on the basis of net credit exposure subject to the conditions that the bank
i) ·| + + ·||·| ·|r |-|·+·| |-|+|-|-| +| ¸+ ·| |||·|·| |||·|+ ~|·||· r |+ ||r +|· ··||| |·|||-|·|| ~·||| ·||·|-| ~-|·| r ~·||| -|r|,
·|··| + ·| ·|·| -| ~|||·|+|· ·| -|| |·| ·|| ~| +·| |·| +·|· ·||·| -||·| r :
has a well founded legal basis for concluding that the netting or off setting agreement is enforceable in each relevant
jurisdiction regardless of whether the counterparty is insolvent or bankrupt;
ii) ·| + |+·|| ·|| ·|·|·| ··|| +|· ··||| + ~ |;~|·|·| ¸| ·|·||·||·|·|| +| |-|·|| |··| +· ·|+·|| r ·|| -| |·| ·||··|| + ~··|·||-| r :
is able any time to determine loans/advances and deposits with the same counterparty that are subject to the netting
arrangement;
iii) ·| + |-||-| ~|·||· ·|· ·| ·|·| ¸+·|·|| ·|·| ·|· |-|·|·|-|| ··|·|| r ~| · ·-|·|· |-|·| ~|| +··|| r , ~ || ~| · ~|·|·|| +| ¸+·|·|| ·|· + ¬ ·| ·| ·||-||
·||·|| r ~| · ·|·||·||·| +| ·| ·||·| |+ ·||·|·| |·| + ¬ ·| ·| ·||-|| ·||·|| r :
monitors and controls the relevant exposures on a net basis; Loans and advances are treated as exposure and deposits are
treated as collaterals.
= ºi =ii l=i-i iiºi-i-i ·i+-il+-·iiª cl /Credit risk mitigation techniques- Guarantees
i) ·rrº c| +r ir··r=r, ª·r·c, ¤·r|º·r·r -r|·r {·r ºr·r º|r·r rr -rr -rr|r{/Guarantees should be direct, explicit, irrevocable and unconditional.
ii) ·||·|··||·|-| ·||··|| -||·| +| ·||¸·||: ,·| ·|+|· +|· ··||| +| ·| -|-|| ·| +·| ·|| |·|·| ·||· ||-|| + ·|-|| ;|·| ·||·| ·||· | ·| ·| ·|| ·||· +·|
r| ·|| +·|| |+ +|· ··||| ¸+·|·|| ·|· + ·| ·|-|·| ~ ·| ·| ·||· |+·|| +| ·|| |·|·| ·||· ·|·|-| · |·|·| r ·|·||+ ~·|·|-|·| ~ ·| ·| ·| -| +|· ··|||
+| ·|| |·|·| ·||· ·||·|·|||··| r :
Substitution approach will be applied. Thus guarantees issued by entities with lower risk weight than the counterparty will lead
to reduce capital charge since the protected portion of the counterparty exposure is assigned the risk weight of the guarantor,
whereas the uncover portion retain the risk weight of the underlying counterparty.
iii) ·||· | + |-|¸ ·||·||-|-| ~·| -||¸ ~|··| ·| ·| +| ·||-|| |||r¸;Operational requirement for guarantees must be met.
iv) ·|| ··| ·||· |+·|| ~| (+|· · ·||· |+·||~|) +| ·| ||;Range of eligible guarantors (counter guarantors)
|-|·-||-||·|·| ·| ··|| ;|·| |·¸ ·|¸ ~ | ·| ·-|| +| ·||-·|·|| ·| ·||¸·||;Credit protection given by the following entities will be recognized:
+;a) ·|·+|·, ·|·+|·| + |-|| ,·||~|, ¸·|, ~|, ¸·|¸+, ·| ·| ||·|-| ·| -| ·| +, ¸·|·||÷|, ¸·|·||·||·|| ~| · ·||·|||¸·|¸·|, ), ·| + ¸| +|· ·||| +|
·| -|-|| ·| +·| ·|| |·|·| ·||· ||-| .||·||·|+ ·||||·|,
Sovereigns, sovereign entities (including BIS, IMF, European Central Bank, MBDs, SCGC and CGTSME), Banks and Primary
dealers with a lower risk weights than the counter party;
·|;b) ‘¸¸’ ·|| ··|·| ·| r·|· · |·| ||-|| ~-·| + ·||-|·|| : ,·|·| ·| -|, ·|r|·|+ ¸| ·| ·|, + ·||-|·|| ;|·| |··|| ·|·|| ·||· | +|· ··| |··||·| ·| ·|||·|-|
r| ·||, ·|·| ·-|+| ·|| |·|·| ·||· ·||··|·||·||·| ·| +·| r| :
Other entities rated AA- better. This would include guarantee covered provided by parent, subsidiary and affiliated companies
when they have a lower risk weight than the obligor.
130
v) ·| ·|-|·| ~ ·| ·| ·| ·-|| ·|·|·|| +| ·|| |·|·| ·||· ·|·|-| · |·|·| r ;Protected portion is assigned the risk weight of the protection provider.
(~|;b) ªr ·rr|·r+ -r¸ -·rr +-r {·r ir·r ·r + |-r{ ·rq|·r {·r ir|+·rr;Policies and processes for collateral valuation and Management
·||· ·| ·||·| +| |·|+| + |-|¸ ·|··| ·| |+·|| ·||·|| r ·|| ¸+ ·| +· + ¬ ·| ·| r·| ·| ·||·| + ··| ·||·||· ·| -·| +| ··||-| ·| ··|·| r , |·|·|+| ···||· + ·|| ·| +|
·||·|| r : ·| -·|| +-| ~||··| ·| -·|| +-| ·|,|·| ;|·| |+·|| ·||·|| r, ·|| ·||·|·| |·| + ¬ ·| ·| -|| ·||-| ||-|| ·| ·| ~||··|·|| + ·||·||· ·| -·| +| ··||-| ·| ··|·|| r :
As a banker we are concerned with market value of the property that can be expected from a buyer if the property is put to
sale. So valuation is made by Asset Valuation Methodology which takes into consideration the market value of tangible assets
taken as security.
l·il-i--i ii+iª +l iil·i-i¸ l·i·ii + -i¸ -·ii +-i +l ·iql·i / Method of valuation of various types of securities:
(i) -i¸ l-i ¢·i -i·i-i +i -i¸ -·ii +-i/Valuation of land and building
·| + +| ||-| ·| || ·| ·|||·|-| ·| ·||+ ·| ·| -·|| ++| ;|·| ·|·|| ·| -·| ·||·|·|| +| ·| -·|| +-| |+·|| ·||¸: ·| |·| +| ·| -·| ~-|·| ·| -|·||·|| ·||¸·|| ~| ·
-|·|··|||-|+| |-|+|·|| ·||r·| ·|·+|·| ·|||·|+·|| ;|·| ··| ·| -·|| +-|| ·| ··|+| ·| -|-|| +| ·||¸·||: ··| ·| |·| ·|· |+¸ ·|¸ |-|·|| | +|·| +| ·| -·|| +-|
~-|·| ·| |+·|| ·||¸·|| ·|·|| ··| ·| ·||·| +| ·||·|| +·|-| ·|· -|·||¸ ·|¸ ·| -·| ·| ··|+| ·| -|-|| +| ·||¸·||:
All landed properties must be valued by Registered valuers who are in the current empanelled list of bank. The value of the land will
be assessed separately and would be compared with valuation on record by Govt. Authorities including Municipal Bodies. Construc-
tion on the said land would be valued separately and compared with value of insurance taken to cover the said property.
|-|·-||-||·|·| ·|·| +| ··||-| ·| ··|| ·||¸·||;The following points are taken into consideration:
i) |-|·|| ·| +| .|+ |·| ; Nature of construction
ii) ·||-| +| ~|·| ·|·|| ··|+| ||··||-| ·|·|·| ·|| ; Age of the building and its present strength
iii) |+·|·|| ·| r| -| ||-|| ~|·| ; Rental yield
iv) |-|·|| |··|;.|··| +· +| ·||·| ; Tax amount assessed/paid
v) ·| |·| ¸| ·||-| +| -| ~| ; Area of land and building
vi) |-|·|| ·| +| -||·|·| ; Cost of construction
vii) ·|·|r +| ·| -·| ; Value of site
(ii) =i ·i-i ªi ·il-i·ii +i -i¸ -·ii +-i / Valuation of Movable properties:
,|··| ·||+·|/|·|·|| ··|| ·|, ~||··|·|| +| ·| -·|| +-| +··| ·|·|·| ·| -·|| +-| +| ~|·||· ·||·|+ ·| |·¸ ·|¸ ·| -·| ·|| ·||·||· ·| -·| +| , ,-|·| ·| ·|| ·||
+·| r|, ··||-| ·| ··|| ·||¸:
In valuation of hypothecated/pledged assets, basis of valuation is invoice price or market price whichever is lower.
(iii) ºr ·rºr +r -r¸ -·rr +-r: :: ::/ Valuation of shares:
·||·||· ·| -·| +| ·||·+-|-| |-|·-| ·|+|· ·| |+·|| ·||·|| r :/Market value is calculated as below:
,+) ·|·|· +| ·|| ·| ·| ·||·||· ·| -·|
a) Current market price of the share
b) ||·-| ¯. ·|·||r + ·| ·|-| .||·|·| |·| + ·|·|·| ¸| |-|·-|·|·| ·| -·|| ·| ·| ·|| ·|| +·| r| ··|+| ~| ·|·|: ··| | ~-| + ÷ + ·| |-| + ·||·|-|
·| ,~-| ·|| |··| ·| || ·| + |-| ·||·· ·| ·|·| +| ·|||·|-| |+·|| ·|·|| r ) |-||-| ~||··| ·| -·| ,¸-|¸·||);| -|+ ·| +|·|·| ·|| ·||·||· ·| -·| ·| ·| ·||
·|| +·| r| , +| |-|·|| ·||¸:
Average of high and low prices of security during last 52 weeks whichever is lower. In case of units of mutual funds (only
Master Share has been included in the approved list) Net Asset Value (NAV)/Repurchase price or the market price, whichever
is less, has to be taken.
(iv) {-r ¤r; ªr| ·rr |-rªr| +r -r¸ -·rr +-r;Valuation of LIC Policy:
·rr |-rªr| +r ·r·r -rr-r ¤-·r·r ºr -r¸ -·r / Present surrender value of the policy.
·|| ·|| ·||·|·| |·| -|| ·||·|| r|, ,·| ·||·| +| ··||-| ··|| ·||¸ |+ ··| ·|·|| ··| ¬·| ·| ·|·|||··| |+·|| ·|·|| r ~| · ·|·|| ~||··|+ |||·|+ ~| ·||||·+·||¸
·| ·| +| ·|, r ·|||+ ~|·||·| |··||·| ·| ·| r| -| ·|· ··| |·|-|| |+·|| +|-||, + |·| -|| ·|| ·|+ : ,·|+ ~|·||·+·| ~|·|·| + ||··||-| ·r-| ·|+ ·||·|·| |·|
·|· -|·||·||· |-|·|·|-|| ··|-|| ·|¬ ·| r :
Whatever security is obtained, care should be taken to see that it is adequately charged and all necessary legal formalities are
completed so that it can be realized without any difficulty, whenever an emergency arises. Moreover, during the lifetime of an
advance constant watch over the security is necessary.
131
(·r/c) ·r+ ørºr |-r{ »rr-r ·rr-r ir-r=r ªr·rr|·r+ |-r--r|-r|=r·r r :/ :/ :/ :/ :/ Main types of collateral taken by Bank are –
i) ·| |·| ¸| ·||-| ·| ·|| ··|||· ·| ||·|·|| +| ·|||··|+ ·| ·|+;·|·|· |+ ·| ·| ·|+
Equitable Mortgage/ Registered Mortgage of immovable properties like land and building.
ii) ·| ·| ~| ¸| ·|·||-|·|, +-|||·;·| ÷-||· ·| ·|| ·| ·|·| ~||··|·|| +| ¡|··| ·|-|
Hypothecation of movable fixed assets like plant & machinery furniture/fixtures.
iii) ·| ·|·| ;|÷·| |·| ;, |+||·|| ;··| | ~-| + ÷ ·| |-|| +| |·|·|| ··|-||
Pledge of shares/debentures/equities/units of Mutual Funds
iv) ¸-|~|, ·|| |||-|·|| +| ·|·|-| · ·|-|
Assignment of LIC Policies
v) ·| + +| ~|-|| ·||||·| ·|·|| ··||·| |· ·|r·|||·|+|· / Lien over Bank’s own Fixed Deposit receipts
vi) ¸-|¸·|·||;+ |||| +| |·|·|| ··|-|| ; Pledge of NSCs/KVPs
(·i) ii-i =i ii+iª + ·iiª cl+·ii +i= cª·iici ¢·i =-i+l = ºi ºii ·i=i-i·ii
(d) The main types of guarantor counterparty and their credit worthiness
·||·||-·|·|· ·| + |-|·-||-||·|·| .|+|· + ·||· |+·|| +|· ·||| -| -| r ·| ~-| ·| ·| +··|| r ·
Normally Bank insists on following types of guarantor counterparty-
i) ·||·||·|·| ;·| ·| ·| |· |-|· ·|+| ;~-·| |-|+|·| +| | ·||·+ ·||· |,
Personal guarantee of partners/non-professional directors/third parties,
ii) +||| · ·||· |;Corporate Guarantee
iii) ·|··| ·|·+|· +| ·||· |;Guarantees of State Government
·| + ~·|-| ·|||| + ·| ·| -|;·||·+ + ·|-|| ·| ··| |··||·| ·| ·||· | ·||··| +· ·|+·|| r ·|·| ~ | ·| ||·|| ··|| ·|·| r + ··||·+·|| ·| |-|| +| ·|·|-|
+| ·||·|| r :
The bank may also obtain guarantees at its discretion from parent/holding Company when credit facilities are extended to borrowing
units in the same group.
·|·| | ·||·+ ·||· | ·|| ·|| ·||·|| r ·|| ·||· +| ~-| ·|||-|·| ~·| -|·|·|| + ~| ||··|·| | ~-| ·||·| +| ··||-| ·| ··|| ·||¸:
When personal guarantees are warranted, they should bear reasonable proportion to the estimated worth of the person.
(=;e) irºr-r-r + -r|·rº = ºr »rr |=r-r ªr + cºr + ·rrº -r ªr¸ -r-rr: :: ::
Information about credit risk concentrations within the mitigation taken –
~| ·|| |·|·| +| +·| +·-| r ·| ¸+·|·|| ·|· +| ·| | ·|: ·|| ~ ·|·|: -|+·|, ·||·|·| |·| ·|| ··|| +|· ··||| ·| ·|·||·||·|·|| , |+·|| ·| ·||·| ·|-| +| ·||· |
;|·| + --|+ ·| |+·|| ·||·|| r :
In order to mitigate the credit risks, exposures are collateralized in whole or in part by cash, securities, deposits from the same
counterparty, guarantee of a third party.
·||·||· ·| -·| ·| ··||·-|«|| + +|·| ·||·||· ·|| |·|·| ···|--| r| ·|| r , |·|·| |·|+| ·| ||·|, ··|·|| +·|| +| ||··|·|| ·||, ||·|·|| ·|·|· ·|·| ¸| ~| |
+·|· + ·||··|·| ·| +·| |+·|| ·||·|| r :
Market risks arise from movements in market prices which are mitigated through sales contacts, consumer financing, buy back
clause and deficiency agreement.
ii-ii>ii·-i+ ii+cl+ªºi / Quantitative disclosure:
·||-|+ ¡|·+| ·| + ~·||-| r ·|·+ +| -||·| +·-| + ·||· ·|| ··| ||··||·| ·| |||·|+| ;|·| + -| <¹·¹...· +·| ÷ + ¸+·||| ·|· +| ·| ·|-|·| |+·||
·|·||:
Total exposure covered by eligible financial collaterals after application of haircut under standardized approach- < 13932.29 cr.
132
·rr|-r+r ×|)+ -º
TABLE DF-8
+·il·i+·i ·ilr·ii -i ·ii=iiª =ii l=i-i
Market Risk in Trading Book
l-i--il-il=i·i + l-i¢ ·i¸ =il +l »i·iº·i+·ii / Capital requirements for :
··||·| ·· ·|| |·|·|;Interest Rate Risk 403.06
, |+|| |··||·| ·|| |·|·|;Equity Position Risk 97.27
||· ·|| ·| -| ·|| |·|·|;Foreign Exchange Risk 2.25
,+·| ÷ < ·| ; < In Crore)
·i ºii·-i+ ii+cl+ªºi / Qualitative disclosures :
1. =c º·r {·r -r||·r·rr ; Objective & Policies:
|-|| ·| ~| · ||· ·|| ·| -| |-|·|·|| ·| ·||·||· ·|| |·|·| +| ·|||·|·| +·-| r ·| : ,·|+ |-|¸ ·| + -| · ·|| ~| · ||· ·|| ·||·||~| r ·| ·|| ÷ ;|·| ~-| ·|| |··|
-|||·|·|| ~|-||, r :
To limit the market risk in Investment and Forex instruments. For this the Bank adopted policies approved by the Board for
Domestic as well as Overseas Branches.
2. +r·r-r||·r {·r ir|+·rr ; Strategies and Processes:
·ir -ill·i ¢+ªi·ii =iª ·iª l·il-i--i ªil-ii»i +i iii·i·ii-i +ª·il r ! l·i« ºi lª·i·i + -øi + l-i¢ »-i -ii l«·i -ill·i + »-i ªiiª l·i« ºi lª·i·i + -øi
+l ª·ii-il·i ¢¢-iªil»i ªil-il·i +i·i -ill·i »i ª iil+·ii ·iª ··ii-i « ·il r !
Policy provides various limits on exposures. Local ALCO Committee of overseas centers takes care of strate-
gies and processes as per approved policy for overseas centers.
3. ªi ·i l·i·i =ii l=i-i ii·i ·i +i·i +l ªi ª·i-ii ¢·i ªi ·ia-i·
Structure and organization of the relevant risk management function:
|-r·r ºr ªr ªr ·r |·r·r |-rºr ·r +r·rr º c |-r·r ºr ªr|-r|·r ørºr |-r{ »rr·r r ! ;ªr ªr|-r|·r -r +r·r ·rr-r+ |-r< ºr+ ·r +-r ·r|ºr·r +r·rr º c =ºr, ,, ,, |-r=
+r·rr º c, ,, ,, |·r··r {·r +r ·r ºrr=rr, ,, ,, -r ·r; + -rrrir·r ·r+·rºr ºrr|-r-r r ! |·r< ºr |ª·r·r + cr ·rº + cr + -r =·r +r·r ·rr-r+r + ¤·r|-r ª·rr-r|·r
ªr|-r|·r |-r< ºr+ -r =-r ørºr ¤-r -rr |<·r -rr·r <ºri |ªrqr ·rr + ¤-r ªrrº |-rºr ·r -r ·r| r ! ·r + -r +ar º +r·rr ·-r+ ¤-r·rr·r r ·r + c ¤r |+ªr, ,, ,,
|-r= ¤r |+ªr {·r ·r + ¤r |+ªr +r·r º·r r ! »rr |=r-r ir·r ·r |·r-rr·r, ,, ,, ir·rr-r +r·rr -r·r ªr-r:r ªr |·r-rr·r + |-r{ |-r= ¤r |+ªr + =·r -r +r·r
+º·rr r!
Investment decisions are taken by Corporate Investment Committee comprising of Executive Director, General
Managers of Flagship Corporate Credit, Mid Corporate, Finance and Treasury Branch, Mumbai. At overseas
centers local committee under Chief Executives of the centers takes decision as per guidelines approved by
the Board. The Bank has front office, mid office and back office for strict functional segregation. Risk Manage-
ment Department at Head Office performs the function of mid office for overall portfolio.
4. »rr |=r-r +| |º·rr| c·r ¤r º/ ·rr -rr·r ·rq|·r +r +r·r=r>r {·r ª·r=·r
The scope and nature of risk reporting and/or measurement system:
· ·|| ¸| ||· ·|| ·||·||~| ;|·| |·¸ ·|¸ ·| + ~| +| ·| ·| |||·| ·|·|·|-·|·|·| ·|· ·|·||-| +|·|| -|·| +| ·| ·|| ·||·|| r : ·|| |·|·|| + ·| -·|| +-|
+ ·||·| |·|·||r| ~|·||· ·|· |··|| |·| ·|| +| ·||·|| r : ·| + ;|·| ·|·| +| ·|, |||·|--| ||| +·| | ¸| ~-·| ·||·||~| ·| |+·|| ·|·r + |||-|-|
+| ·| |-|| ·|| ~||··|+ ~-| ·|| ·-| r ·| ·|·||-| +|·|| -|·| +| ·| ·||·|| r :
Periodic Reporting of full details of Bank’s exposure undertaken by the domestic and overseas branches are sent to Head
Office. Quarterly reporting with evaluation of risks are also made. Any breaches from various prudential and other limits fixed
by the Bank are also referred to H.O for necessary approval.
5. »rr|=r-rr ªr ·r-rr·r ¤rº/ // // ·rr =ªr +-r +º-r + |-r{ -r||·r·rr {·r ·r-rr·r/ // // +-r| +| ¤-r·rº·r ir-rr·r+r|º·rr ·rº |-r·rºr-r| º=r-r r·r +r·r-r||·r {·r ir|+·rr{ : :: ::
Policies for hedging and/or mitigating risk and strategies and processes for monitoring the continuing effec-
tiveness of hedge/s mitigants:
·| + +| -|||·| r |+ ||· ·|| ·| -| ·| -|·|·|·| ·|·||-| |··||·| ·|-||¸ ··|| ·||¸: ·|·|||·|, ·| ·| |·|·| +· |·|·|| ·| |·-|·|·|, ·|·|·|· ·| ·|| |||·|--|
·||·||~| ·|·|| ·|·|·| ¬·|·|| ·| ·| + + ·||··||·| ¬·|·|| ·| ·|·|·|· +| ·| +·| |··||·| ·||·|| +| |-|·|| ·| |+·|| ·|·|| r ~| · ··|+| |-|·|·|-||
·|·|·|-·|·|·| ·|· +| ·||-| ||-|| |··|| |·| + ~|·||· ·|· +| ·||·|| r :
The Bank’s policy is to maintain near square position in Forex. However various limits like daylight, overnight in respective
currencies as well as overnight open position limit in Indian rupees for the Bank as a whole have been fixed and the same is
monitored through periodic reporting.
ii-ii>ii·-i+ ii+cl+ªºi / Quntitative disclosures :
133
·i ºii·-i+ ii+cl+ªºi· / Qualitative Disclosure:
·| + -| |-|·-||-||·|·| + |-|¸ ·|,|·|, ·||+·|| ¸| |-|·|·|-|| ·||··|| +|·|·| +| r
The Bank has put in place systems, processes and monitoring mechanism for -
• ·|·|| ·|r·|·| | ···||·|, |+·||+-||·||, ·||+·||~| ~| · ·|,|·|·|| ·| ||··||-| ·||·||-|-|·|·| ·|| |·|·|| +| ·|r||-| ·|·|| ·| -·|| +-|
Identification and assessment of operational Risks inherent in all material products, activities, processes and systems,
• ·||·||-|-|·|·| ·|| |·|·| ·|| +|,-| ·|·|| r||-| + ·||··| -·| ·| ·|r·|·| | ¸+·|·|| ·|· ·|· |-|·|·|-|| ··|-|| ·|·|| ||·· ·|·| ·|-| ¸| |-|· ·|+ ·| ÷-|
+| ~||··|+ ·| |-||¸ ·|·|-| +·-||
Monitoring operational risk profiles and material exposure to losses and reporting pertinent information to Senior Manage-
ment and Board of Directors.
• ·|r·|·| | ·||·||-|-|·|·| ·|| |·|·|| +| |-|·| |~|·| +·-| ·|·|| +·| +·-| r ·| -|||·|·|| , ·||+·||~| ¸| +|·| ·|||-|| +| |-|·|| | +·-||
Framing policies, processes and procedures to control and mitigate material operational risk.
||·||-|-|·|·| ·|| |·|·| .|·| ·| + |-|¸ ·| ·|-||··|+ «| || |-|·-| .|+|· ·| r
The Organizational set up for operational risk management is as follows:
• |-|· ·|+ ·| ÷-| ; The Board of Directors
• |-|· ·|+ ·| ÷-| +| ·|| |·|·| .|·| ·| ·||·||·| ,~|·¸·|·||·||); Risk Management Committee of the Board (RMCB)
• ||·||-|-|·|·| ·|| |·|·| .|·| ·| ·||·||·| ,·||~| ~|·¸·|);Committee for Operational Risk Management (CORM)
• ||·||-|-|·|·| ·|| |·|·| .|·| ·| +-| ,~| ~|·¸·|·||);Operational Risk Management Cell (ORMC)
• +|··||· ||·||-|-|·|·| ·|| |·|·| .|·| ·|+ ,·||~| ~|·¸·|);Business Operational Risk Managers (BORM)
• ||·||-|-|·|·| ·|| |·|·| .|·| ·| ||·| ·|-| ,~| ~|·¸·|¸·|);Operational Risk Management Specialists (ORMS)
• ·|||·|·| .|·|·| ||·||·|;Risk Management Department
|-|· ·|+ ·| ÷-| ·|·|| ···||·|, |+·||+-||·||, ·||+·||~| ¸| ·|,|·|·|| ·| ·||·||-|-|·|·| ·|| |·|·| + ·|·| ·| r ·| ·||·||-|-|·|·| ·|| |·|·| ·|·| ·| «| ||, ~| ·
··|+ +|·|| -|·|-| ¸| -|||·|·||, ·||+·||~| ¸| +|·| ·||||-|·|| +| ~-| ·|| ·-| +··|| r :
Board of Directors approves Operational Risk Management framework, implementation and policies, processes and procedures for
managing operational risk in all products, activities, processes and systems.
·|| |·|·| +| ·| |-|| ~| · ; ·|| ·||| |,|·| +| +|·| -| ~| ¸| ·|¬| ;Scope and nature of Risk Reporting and/or measurement system:
·| ·| r|·| +| ·||-| ||-|| |·|| ~| · ·-|+| ~|||·|+·|| |-|·-||-| ·||· r ;The reports that are collected and the periodicity is as follows:
ªr =·rr |º·rr c +r -rr-r ¤r·r|·r+·rr
No. Name of the Report Frequency
1 +| +| |||·|+ ·|·||-|| |||·|+
Annual Review of frauds Yearly
2 ~||·| + · ÷ -|·||-| +| |||··| |||·| +
Details of levy of penalties Yearly
3 ·|·||-|| +| ~-| ||-|-| |||·| +
Compliance of reviews Yearly
4 ·||·||·| ·| ·||||· ~| · ·| ·|-| ,| - .|+|· ¸| ··|· +
~-| ·||· ||·-| |·|·| r||-| ~| +÷|
Loss Data analyzed business line-wise and as per Basel event types and levels. ··||r|;Half yearly
5 .|·|||~|||·|+·|| ||·-| ·|·| ·| | +·|;Impact-frequency analysis matrix ··||r|;Half yearly
6 ||, ·|, ~| · |·| -|| ·|, ·|·|·| r||-|;Revenue leakage detected and recovered |·|·||r|;Quarterly
7 |||·|·| -| ·|||·|-|| |·|| | +| ·| ·||· ~|-|·||·|·|·||~| +| ·||· ||·||-|-|·|·| ·|| |·|·| ·| ·| ·|| |·|·||r|
Gist of serious irregularities in various audit reports – operational risk related Quarterly
·rr|-r+r ×|)+ - s
TABLE DF - 9
·r|º-rr-r-r·r·r =rr |=r-r
Operational Risk
134
·| + +| ··|||·|·| -|||·|·|| ¸| ·||+·||~| +| ·|·|| ··|·|| + ·|·| ~| ·| -·|| +-| ¸| ~-| ·||-|-| r ·| |-|· ·|· |-|·|·|-|| + ~ ·| + ¬·| ·| ·|·|| ··| ~| ·||·+
-| ·||·|·|-|| +| ·||·|| r : |-|· ·|+ ·| ÷-| +| -| ·||·|·|-|| ·||·||·| -| ·||·|·|-|| +|·| +·| + +|·| -| ~| ¸| ~|||·|+·|| ·| |-||·|·| +··|| r : |-|·|-|| ||·||·|
~| ·||·+ +|·| +| ||+|·| ¸| ·|·| | -|| +··|| r :
In order to provide independent assessment of adequacy of and compliance with, bank’s established policies and procedures
adequate internal audit coverage is in place as a part of ongoing monitoring. The Audit committee of the Board ensures the scope and
frequency of the audit programme. The Inspection department develops and oversees the internal function.
·|·|| ||··||·| ||·||·||/ +|·| ·||· ,+|,·|| +| ·| ||·| |+·|| ·|·|| r |+ | ~|·¸·|÷| +| -|, ·||·||||·|·|| , -|, ·|r-|| , ···||·| ¸| ·||·||-|-|·|·|
·||·|·| -|| + ·||· ·| ·| ·| ·|·r ~|·|·| +·|¸ ·|||+ |+·|| ·|| ~|· |·|+ |··||·| ·| ·|·|| ·| ·| |·|·| ·|| |·|·|| +| ·|r||-| +| ·|| ·|+ :
All financial departments/business units have been informed to keep the RMD fully informed of new developments, initiatives,
products and operational changes to identify all associated risks at an early stage.
·| + -| |||·|--| r||-| ,| - ·|+|· ¸| ·||·||·| ·| ||·|| + ~·||-| (·||·|-|II + ~-| ·||·) ·| ·| ·|·| ·||·||-|-| ·|| |·|·| r||-| ~| +÷| + ·| ·|r| +| +|·|
·||· ·| |+·|| r ·|||+ ·||·||-|-|·|·| ·|| |·|·| + +|·| ·| ·|| ~||··|+·|| +| ~|+-|-| +·-| + |-|¸ ¸+ ·|| ÷-| +| ||+|·| |+·|| ·|| ·|+ :
The Bank has commenced collection of relevant operational risk loss data under different loss event types as also different business
lines (as per Basel-II) to develop a model to estimate capital requirement on account of operational risk.
||·||-|-|·|·| ·|| |·|·| | ·|| |-|·|| ··| + |-|¸ ·| + -| ·| |-|·||·| ·| + ·|+ ¡|·+| ·| +| ·|·|| ·| |+·|| r , |·|·|+| ||·+-|-|| ·||··||·| |··|| ·| + ;|·|
“| ·|| |·|| ·|·|| ¸| ·||·||· ~-| ·||·|-| |· ||| +| ·| ·||·| ··|| |·|,| ·|–-|¸ | ·|| |·|| ·|·|| «| | +| +|·|| -|·|-|”, ||·|·| |· ·-|+ |~| |·-|| + .¯
~.| -|, .¨¨¯ ·| |-||r·| r :
For operational risk capital assessment the Bank used Basic Indicator approach as envisaged by Reserve bank of India in their
communication dated 27th April, 2007 on the subject “Prudential guidelines on capital adequacy and market discipline – Implementation
of New Capital Adequacy Framework”.
135
·i ºii·-i+ ii+cl+ªºi/Qualitative disclosure:
·| + -| ~|-|| ~||··| · ·|·|| .|·| ·| -|||·| ·| ·||· +| r ·|| ·| ||+·| +| ·||r·|| ·| ··||·| ·· ·|| |·|·| ·| ·| ·| |·|·| ·| ·| +| |-|||-| +··|| r : ·| + ||-|
||··||·| |·| +| ·| ·| ~||·| ~| · ·||·| r| ¸+ |·| +| ~||·| + |-|¸ ·|| |·|·| |· ~·| -| ,, ¸~|·) + .|·|| ·|-| ¸| ~|+-|-| r ·| ·||··||·| |··|| ·| +
;|·| |·¸ ·|¸ |··|||-|· ·|| + ~-| ·||· ··||·| ·· ~|··|··|| + ·||· ·| .|··| + ·||r |||··| ·| ·||· +··|| r : ·| + ·||··||·| |··|| ·| + ;|·| ,·| .|·|| ·|-|
r ·| |·¸ ·|¸ |··|||-|· ·|| + ~-| ·||· ||··|| |·|·| ~||·| +| |||··| ·|| .|··| + ·|r|-| ·| ·||· +··|| r ~| · ~||·| ~|·|||··| ¡|·+| ·| + ~ ·|·| ·| ··||·|
·· ·| ¨¨ ~|·||· ~ +| + ||·|·| -| + |-|¸ , |+|| ·| ||·|·| -| ,·||-|| -| |·| ) +| ~|+-|-| +··|| r : ·| -|| r| |||··|| +| ·|·||-|| ·| + +| |-|· ·|+
·| ÷-| +| ~||··| · ·|·|| .|·| ·| ·||·||·|;·|| |·|·| .|·| ·| ·||·||·| ;|·| +| ·||·|| r :
Bank has in place Asset Liability Management policy that addresses issues related to Interest rate risk in Banking Book. Bank draws
every month statement of Interest Rate sensitivity in accordance with the guidelines given by Reserve Bank of India for the purpose
and estimates of Earnings at Risk (EaR) for the remaining period of the current financial year and as well as over one year horizon.
Bank also draws every month statement of modified duration in accordance with the guidelines given for this purpose by Reserve
bank of India and estimates change in the Equity (i.e. Net Worth) for 100bps change in the interest rate under Duration Based
Approach. Both the statements are reviewed by Bank’s Asset Liability Management Committee and Risk management Committee of
the Board.
ii-ii>ii·-i+ ii+cl+ªºi (11 -ii·i , zu11 +l lª·il·i + »-i ªiiª)
Quantitative disclosures : (As on 31st March, 2012)
1) ¨¨ ~|·||· ~ + + |-|·-|·||·|| ,+ ·| ·||·||) ·· ·|| + + |-|¸
~·| -| ·| ~-| ·|||-|·| | |, ,»|·|)
1) Estimated increase (decline) in earnings for
Downward (upward) rate shock of 100 basis point < 2.63 +·| ÷;Cr.
2) ¨¨ ~|·||· ~ + + |-|·-|·||·|| ,+ ·| ·||·||) ·· ·|| + + |-|¸
~||·| + ·| -·| ·| ~-| ·|||-|·| | |, ,»|·|)
Estimated increase (decline) in economic value for
Downward (upward) rate shock of 100 basis point 9.95% of Equity
·rr|-r+r ×|)+ -Jc
TABLE DF-10
·r |+·r ·r|r·rr -r ··rr=r «º =rr |=r-r (¤r¡ ¤rº¤rº·r|·r|j
Interest Rate Risk in the Banking Books (IRRBB)
,+·| ÷ < ·| ;< In Crore)
136
UCO Bank
Head Office : 10, B. T. M, Sarani Kolkata - 700 001
Proxy Form
(To be filled in and signed by the Shareholder)
Ninth Annual General Meeting
Dated June 26
th
, 2012
Regd. folio No.
(if not Dematerialised)
DP ID No.
Client ID No.
(if Dematerilesed)
I/We _________________________________ resi dent/s of __________________________________ i n the di stri ct of
______________________ in the state of _______________ being a share holder/shareholders of UCO Bank, Kolkata hereby appoint
Shri /Smt. __________________________ resi dent of ________________________________ i n the di stri ct of
_____________________________ in the state of _________________________ or failing him, Shri/Smt. _____________________
resident of ____________________________ in the district of ___________________________ in the state of _________________
as my/or our proxy to vote for me/us and on my/our behalf at the Ninth Annual General Meeting of the shareholders of UCO Bank, to be
held on Tuesday the 26
th
June 2012 at 11.00 A.M. at Bhasha Bhavan Auditorium, National Library, Belvedere Road, Alipore, Kolkata-
700 027 and at any adjournment thereof.
2012
Signature of first named / sole Shareholder
Re. 1/-
Revenue
Stamp
Instructions for Signing the Proxy form:
1. No instruments of proxy shall be valid unless,
(a) In the case of an individual shareholder, it is signed by him/her or his/her attorney, duly authorised in writing;
(b) In the case of joint holder, it is signed by the shareholder first named in the register or his/her attorney, duly authorised in writing;
(c) In the case of a body corporate signed by its officer or an attorney duly authorised in writing,
2. An instrument of proxy shall be sufficiently signed by any shareholder, who is, for any reason, unable to write his/her name, if his/her
mark is affixed thereto, and attested by a judge, Magistrate, Registar or Sub-Registrar of Assurance or other Government Gazetted
Officer or an Officer of UCO 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 the power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited at the Head Office
of UCO Bank, Finance Dept. (Share Section), 2, India Exchange Place, 3rd floor, Kolkata-700 001 not less than FOUR DAYS
before the date of the Annual General Meeting i.e., on or before the closing hours of Thursday, the 21
st
June, 2012.
4. No instrument of Proxy shall be valid unless it is as per Form "B" and is duly stamped.
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 Annual General Meeting to
which such instrument relates.
8. No person shall be appointed duly authorised representative or a proxy who is an officer or an employee of UCO Bank.
Form "B"
Signed this day of
Signature of Proxy
Name :
Address :
137
UCO BANK
ELECTRONIC CLEARING SERVICES (ECS) ? MANDATE FORM
Date :
M/S. Karvy Computershare Private Ltd
Plot No. 17 to 24, Vittalrao Nagar,
Madhapur,
Hyderabad ? 500 081
Dear Sirs,
Re : ECS Mandate
With reference to above, I/We are pleased to exercise the option for Electronic Clearing Services
(ECS) and furnish hereunder the particulars of bank account to receive payments through Electronic
Clearing Services :
Folio Number
Name of the Bank (Full Name)
Name of the Branch
Full address of the Bank
9 digit code number appearing on the
MICR Band of the cheque supplied by the Bank
Account Type (Savings/Current/Cash Credit)
Account Number (as appearing on the
cheque book)
(Please attach a photo copy of a cheque of your bank duly cancelled for ensuring accuracy of
the bank name, branch and code number.)
I/We hereby declare that the particulars given above are correct and complete. If the transaction
is delayed because of incomplete or incorrect information, I/we would not hold the Company/
Registrar responsible. I/we agree to discharge the responsibility expected of me as a participant
under the Scheme.
Folio No. Name(s) of the Registered Holder Signature of the First holder
138
··| -| +|- -·|-|· «·- ·| · ¬-| «·- - ·- ·
ì. +| , +·| -| |-|¬ « + + --| -| ·| ¬« + -
(+)|+·| |-+ · ·+|·+ + +|+-| + ·+ | ·+ | · ··-| ¦|·| -·|-|· --| |¬· |-||¬ ¬+ + ·-+ ¬+ · +||++ |+| ·| -| ;
,¬) · - +|·+ + +|+-| + ·|¬··· + +·+ -||+ · ·+|·+ | ·+ | · ··-| ¦|·| -·|-|· --| -| |¬· |-||¬ ¬+ + ·-+ ¬+
· +||++ |+| ·| -| ;
,·) |+·| |-·|+ |-+| + +|+-| + ·+ ·|++|·| | ·+ | · ··-| ¦|·| -·|-|· --| -| |¬· |-||¬ ¬+ + ·-+ ¬+ · +||++
|+| ·| -|
:. +| , +·| -| |-|¬ |+·| | · · ·+|·+ ¦|·| +| · ¬+ · -·|-|· ·+÷| ¬||·| ¬| |+·| +|·· · ·+-| -|+ |-|¬- + ·-+ - | ·+| |·- - ·+·
· |+ |+| ¬|| - ·| · |+·| ·||+|·, ||++|·|, «|+| ·|¬·· |· | +·|¬·· |· | ·· ··+|·| ·|¬+|·| ·|++|·| | ¸ +| « + + |+·| ·|++|·|
¦|·| ·- ++||· |+| ¬|| -
·. +·| -| +|+ ·| ·
,+)+ ·|·-|+| | +||++|· ,| +| , -| ) |¬·+ ·+|- - -·|-|· |+| ·| - , ··|
,¬) + ·|·-|+| | +||++|· +| |+ | ·| +| ¬| |+·| -| ··| +|·-|+ | ||++|·| ¦|·| ++||· -| , ¸ +| « +, ++|- +|| -|, |·| |+|·
,· · ·- +|·) ., , |÷·|| ·+·|·| ·| ·-| ·|, | -|, +| -|+||- :ºº ººì + +|· ||+ + ·|+ « + +| |·|¬ · ++ · ++ ·|· |- +¸ |-| · ·|·.
|- |+ :ì ·| ·|, :ºì: + +| ·+ +| ·+||-| +· | ·+ + --| ¬+| +| ¬||
+. +| , +| +·| -| |-|¬ « + + --| -| ·| ¬«+ +|- «| + ·- ·|· ·| · ·-+ ¬+ · ··| |+ - -|
·. « + + +|· ¬+| +| ·, +·| -| |-|¬ ·+|· -··| | · |+ -| ·|
-. |+-+ | ~|·|+|·· ||-| + +- + +|- +| ·, +·| -| |-|¬ + +|+-| + |+ · ·-|++ +|+ |-·+|| |+| ¬||·|
:. |¬· · ·||·+ - +·| -| |-|·|·| |-·+|| +| - - · ||+ + ·|+ « + + |-· ¬+ · +|- +·- +| -+|· --| -| ·| |¬·· - |-|¬ · «||
-
·. +| , +| | ·| |- ·-+ ¬+ · +|||+ +||-|| | +·| -| + ¬+ + |- - --| |+| ¬||·| ¬| ¸ +| « + +| ·||+|·| | ++ ·|·| -
|ÉvÉÉxÉ EòɪÉÉÇ ±ÉªÉ : 10, Ê´É. jÉè . ¨É. ºÉ®úhÉÒ, EòÉä ±ÉEòÉiÉÉ - 700001
··| -| +|-
,· ·+|·+ ¦|·| +· | -·|-|· |+| ¬|- - )
-|| |||·|+ ~|·| ·| ~+
|-| + 26 ·| ·|, 2012
·|¬·· |+ +| |-|| ·
,| ·+¸ | + --| - )
| +| +-·|- ·
· |-+ +| +-·|- ·
,| ·+¸ | + - )
+ |-+, , |-|·|, |¬-||,·|·,
¬| ¸ +| « + +||+ · ·+|·+ -¸ | - , | ¦|·| ·||·|+| ,
|-|·| __________________________, |¬-|| , ·|·, +| | -+| ·- +|··| +ü
·||·|+| , |-|·| , |¬-|| , ·|·
+| + ·-||·, |-| + :- ·| ·|, :ºì: +| ìì.ºº «¬ +¸ | - - + +|+| +- ·| |·| |·+, - ·--| -||,« ·|, « - |· ·| , ·-||+ ·, +| -|+||- :ººº::
+ | ·+ «-| |+·| ·· ··|- +· ·|| |¬ +| ¬|- |-|| ¸ +| « + + · ·+|·+| +| xÉ´ÉÓ ||- « ·|- « « + + · |-+|· |-|| ·| · + ·||
-+|·| ·| · · +|- +·- - ·+-| +·| -| |- - +·||+·||-¸ |+· -
1 /- < +|
··||
|·+·
+ :ºì: + +|
+·| -| + -·|-·
-|+
+|
+ ·+ -||+||++|·| ··+|·+ + -·|-·
|·|¬ +| -·|-· |+| ·|
+|- "«|"
139
·i¸ +i ·i +
;-i +c i l-i+ ªi-iiºii ·i-i ªi ·ii¢ (; ªil¢ªij »l·i« ºi +i-i
|··|| +
·| +||| + ··| ··| ·|· ·| | |-|
·-|| ·| ·| «. ||,-|·|| ·|·|·.
·||·||·| ·.
Æî ü ¤ü ¸ü Ö²ÖÖ¤ü - 500081
|·| ·| ·|r| ··|.
||·|·| ; ªil¢ªi »l·i« ºi
··|·| +·| + ·| ··| ·| ·| /r·| ·|r·| ,-| + | |·|+ ·|·||·|| ·|·| ·| || ,, ·||··|, + ||+-·| +| ·| ·|| ·| +··|| r /+··| r ~| ·
,-| + | |·|+ ·|·||·|| ·|·| ·| || + ·||·· ·| ·|·||·| ·| |··| +··| + |-|· ·| + ·||·| +| |||··| ·||| ·| ··| ·| +· ·r| r /+· ·r r
+| |-|·|| ·|
·| + +| ·||·| ,·| ·| ·||·|,
·||·|| +| ·||·|
·| + +| ·| ·| ·|·||
·| + ,|·| ~|·| |··| | + + ··|~|, ·||~|· ·|,|
·|· ·|--||·|·| - ~ +| +| + ·| ··||
·||·| +| ·| +|·,·||·|/||-| /·|+·| ~·|,
·||·|| ·| ··|| ,| + ·| + ·|· ·|·||·|--||·|·|,
,+ ·|·|| ·| + +| ·||·|.·||·|| ·| + ·| ··|| +| ||·| ,·|| ·| |·||·|·| +··| + |-|· |||·||·| |·|···| |+· ·|· ~·|·| ·| + + | + +| |+
·| ·| +·| ·| |·| ·| -|··| +· ,
- -- :-+ ·· · ·ª +·|/+·· - +·· - + ¬· ·) ·) ···ª -·· )· ª - + ·· ~ ª · ~-·· - · + +·ª - · - · · - · - · - -- +
·-· · + -···· - --·¬ ·--·¬ ·-·|| · - -- -+· · + ~· ---· + · - - :- --- ~ -· ···· + · - +· + +··
+· ·+·| - +·· - +
+| |-|·|| ·| ·|·|· |+ ·| ·||·+ +| ,+ , ·||·| ·| ·|·| ·||·+ + r··||-|·
140
· ·+|·+| |+·| -|, +||-|+| · ·- ·| + |+| ¬|| - |+ ·+|+- + + · - ,· +|··| +·| ·-+ · +·| +· -·|-· +· +· +· + · +·| |-|
· · +| · ·+|·+| |+·| -||+||-|+| +| |+· +· || ¬||·| |¬· « + ·-|- + ·+- +|· ·¬ |+· +| ·|·+| ·+÷ ¬|- +· ·||·- ·.|+-|
¬| · + +·|· + · +| ·- +| | ¬||·| |+·| +| +|·|··| + ·+|+- + + ·¦|· +· +| , |·-|+ · +|··| +·| ·-+ · +·| ¬|·| --| |+| ¬||·|
Wvrô:r; vaeo / Attendance Slip
,+ · +· ·+ ¬+| +· ) / (To be surrendered at the time of entry)
Shareholders/Proxy representatives are requested to produce this Attendance Slip-cum-Entry Pass signed, for admission to
meeting hall. The Entry Pass portion will be handed back to the shareholders/proxy/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.
Under no circumstances, will any duplicate Attendance Slip-cum-Entry Pass be issued at the entrance to the meeting hall.
gqfUtu cîfU / UCO Bank
|ÉvÉÉxÉ EòɪÉÉÇ ±ÉªÉ : 10, Ê´É. jÉè . ¨É. ºÉ®úhÉÒ, EòÉä ±ÉEòÉiÉÉ - 700001
Head Office : 10, B. T. M. Sarani Kolkata - 700 001
r=ltk fU : ´ÖÓ Ö»Ö¾ÖÖ¸ü, 26 ?Öæ Ö 2012, vq Jo tnT l 11.00 csu
··|- & ·||·|| ·||-| ~||÷·||··|·|, -|·|-|-| -||,·|·|, ·|-||÷·|· ·| ÷, ~-||·|·, +| -|+|| - 700 027
Date : Tuesday, 26th June, 2012 at 11.00 a.m.
Venue : Bhasha Bhavan Auditorium,National Library,Belvedere Road, Alipore, Kolkata - 700 027
I hereby record my presence at the Ninth Annual General Meeting of the Bank
-| · « + + ·+ +| , +-|·|+-|· +¸ +- --| || ¬|| · + +| · -|·- ||+ + |·+| · +| ·+-| +| ·|· -|||
Note : No gift/gift coupons will be distributed at the meeting. Please bring your copy of the enclosed Annual Report.
·| ¸·|· ;|·| ·| + +| -||| |||·|+ ~|·| ·| + ·| ~|-|| ·||··||·| ··| +·|·|| -¸ :
Wvrô:r; vaeo / Entry Pass
,+ · +· ·+ ¬+| +· ) / (To be surrendered at the time of entry)
Name of the Shareholder/
Proxy/Representative present
| ·||+ ·| +| |-||/|+|·|, | / ·||r+
|r||-| ·| ··||
Regd. Folio / DPID/Client ID No.
·| ·|·| +| ·| ··||
Number of Shares
r··||-|·
Signature
·| ·|··||·+/+·| -|/+|··
+||-|+ +| -||·|
Name: (in BLOCK Letter)
Member/Proxy
+| |-|·|| / ·||r+ |r||-| ·| ··||
Folio / Client ID No.
·| ·|·| +| ·| ··||
Number of Shares
r··||-|·
Signature
·· +·| ·| +|
-|+ ·+·· ·-·| +
· ·+|·+|+·| -||+|||+ +||-|| + -·|-·
Signature of
Shareholder/Proxy/ Authorised Representaive
Dated 26
th
June 2012
|-| + 26 ¬¸ -2012
doc_837691770.pdf