IOB Annual Report 2009-2010

ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank
ãò³ãè¾ã ãã¾ããÃÊã¾ã,763,ã¥¥ãã ÔããÊãõ,Þãñ¸ãõ- 600 002 Central Office : 763, Anna Salai, Chennai - 600 002
ÌãããäÓãÃã ãäÀ¹ããñÃ Annual Report 2009-2010

31.03.2010 ¦ãã ãä¶ãªñÍãã ½ãâ¡Êã BOARD OF DIRECTORS AS ON 31.03.2010
Ñããè Ôã..¼ã Shri S A Bhat

ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã Chairman and Managing Director
Ñããè ÌããÃ Êã ½ãªã¶ã Shri Y L Madan
ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã Executive Director
Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã Smt Nupur Mitra
ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã (ãäª¶ããâã 07.12.2009 Ôãñ) Executive Director (from 7.12.2009)
¡ãù.ãäÌã¶ããè¦ãã ãì½ããÀ Dr. Vinita Kumar
¼ããÀ¦ã ÔãÀããÀ ãñ ¶ãããä½ã¦ããè ãä¶ãªñÍãã GOI Nominee Director
Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã Smt.Chitra Chandramouliswaran
¼ãã ãäÀ ºãöã ãñ ¶ãããä½ã¦ããè ãä¶ãªñÍãã RBI Nominee Director
Ñããè ¶ãñÔã¶ã Ñããè£ãÀ¶ã Shri Natesan Sridaran
ã½ãÃããÀ ã½ãÃÞããÀãè ãä¶ãªñÍãã Workmen Employee Director
Ñããè ãñ ãã¶ã¶ª ãì½ããÀ Shri K Ananda Kumar
ããä£ãããÀãè ã½ãÃÞããÀãè ãä¶ãªñÍãã (ãäª¶ããâã 26.03.2010 Ôãñ) Officer Employee Director (from 26.3.2010)
Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã Shri B V Appa Rao
¼ããÀ¦ã ÔãÀããÀ ´ãÀã ¶ãããä½ã¦ã Nominated by the GOI
Ñããè ÔãîÀã ã¨ããè Shri Sooraj Khatri
¼ããÀ¦ã ÔãÀããÀ ´ãÀã ¶ãããä½ã¦ã Nominated by the GOI
Ñããè ãÍããñã ãì½ããÀ ¼ããØãÃÌã Shri Ashok Kumar Bhargava
Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã Shareholder Director
Ñããè ãäÞãÀâããèºã Ôãñ¶ã Shri Chiranjib Sen
Ñããè . ÌãñÊÊã¾ã¶ã Shri A Vellayan
Ñããè ãñ. Ôãì¶ªÀ Àãã¶ã Shri K Sundar Rajan

¹ã ½ãÖã ¹ãÆºãâ£ãã Ìãâ ½ãâ¡Êã ÔããäÞãÌã Deputy General Manager & Board Secretary
Êãñãã ¹ãÀãèàããØã¥ã AUDITORS ÀãäûãÔÈãÀ Ìãâ Íãñ¾ãÀ ãâ¦ãÀ¥ã ãò Registrar & Share Transfer Agent
1. ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ. 1. Om Agarwal & Co. ½ãñÔãÔãÃ ãõãä½ã¾ããñ ãã¹ããóÀñ ÔããäÌãÃÔãñÔã ãäÊã. M/s. Cameo Corporate Services Ltd.
(¾ãîãä¶ã - ãã ããñ ºããè) (Unit-IOB) Subramanian Building,
2. Ìã½ããÃ ñ¥¡ Ìã½ããÃ 2. Varma & Varma
ÔãìºãÆ½ããä¥ã¾ã¶ã ãäºããäÊ¡âØã, ¹ãÖÊããè ½ãâãäûãÊã
3. ¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ôã¶¦ãã¶ã½ã 3. PKF Sridhar & Santhanam I Floor, No.1, Club House Road,
¶ã.1, ãÊãºã ÖãÔã Àãñ¡ Chennai - 600 002
4. ¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã 4. Bhaskaran & Ramesh Þãñ¸ãõ - 600 002
5. ½ã. ¼ããÔãÀ ÀãÌã ñ¥¡ ãâ. 5. M Bhaskara Rao & Co. Tel : 044 - 28460390 (Six Lines)
ñãäÊã¹ããñ¶ã - 044-28460390 (Ö Êãã¶ãò),
6. ãä½ã¦¦ãÊã Øãì¹¦ãã ñ¥¡ ãâ. 6. Mittal Gupta & Co. 28460084, 28460395
28460084, 28460395
¹ãõãÔã- 044-28460129 Fax: 044 - 28460129
Ã-½ãñÊã :[email protected] e- mail : [email protected]
1
ÌãããäÓãÃã ãäÀ¹ããñÃ Annual Report 2009-2010

ãäÌãÓã¾ã-ÌãÔ¦ãì CONTENTS
ãäÌãÓã¾ã-ÌãÔ¦ãì Contents ¹ãðÓ Ôãâ Page No. ãäÌãÓã¾ã-ÌãÔ¦ãì Contents ¹ãðÓ Ôãâ Page No.
ã£¾ãàã ããè ¡ñÔã Ôãñ ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ Êãñãã-¹ãÀãèàãããò ãã ¹ãÆ½ãã¥ã-¹ã¨ã
From the Chairmans desk 4 Auditors Certificate on Corporate Governance 69
Íãñ¾ãÀ£ããÀããò ããñ ÔãîÞã¶ãã ÌãããäÓãÃã Êãñãñ
Notice to Shareholders 9 Annual Accounts 70
¹ããäÀ¥ãã½ã - ã ¢ãÊãã ½ãò ¶ããª ¹ãÆÌããÖ ãäÌãÌãÀ¥ã Ìãâ Êãñãã-¹ãÀãèàãããò ãã ¹ãÆ½ãã¥ã-¹ã¨ã 115
Results at a Glance 13 Cash Flow Statement & Auditors Certificate 117
ãä¶ãªñÍãããò ããè ãäÀ¹ããñÃ Êãñãã-¹ãÀãèàãããò ããè ãäÀ¹ããñÃ

Directors Report 14 Auditors Report 142
¹ãÆºãâ£ã¶ã ãäÌãÞããÀ - ãäÌã½ãÍãÃ ããõÀ ãäÌãÍÊãñÓã¥ã ¹ãÆãùãÔããè ¹ãã½ãÃ 145

Management Discussion and Analysis 20 Proxy Form 146
ÌãÓãÃ 2009-10 ãñ ãäÊã ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ ¹ããäÔ©ããä¦ã ¹ãÞããê

ãä¶ãªñÍãã ½ãâ¡Êã ããè ãäÀ¹ããñÃ Attendance Slip
Report of the Board of Directors on ÃÔããèÔã ããä£ãªñÍã ¹ãã½ãÃ 149
Corporate Governance for the Year 2009-10 37 ECS Mandate Form 150
(In this Annual Report in case of any discrepancy found in Hindi Version, English Version will prevail)
ãäÌã¦¦ããè¾ã ãõÊãñ¥¡À Financial Calendar

ãäÌã¦¦ããè¾ã ÌãÓãÃ 1 ã¹ãÆõÊã 2009 Ôãñ 31 ½ããÞãÃ 2010 ãñ ãäÊã For the Financial Year 1st April 2009 to 31st March 2010
Êãñãã ºãâªãè ããè ¦ããÀãèãò 29. 05.2010 (Íããä¶ãÌããÀ) Ôãñ Book Closure Dates 29.05.2010 (Saturday) to
04.06.2010 (ÍãìãÌããÀ) 04.06.2010 (Friday)
(ªãñ¶ããñâ ãäª¶ã Íãããä½ãÊã Öö) (both days inclusive)
Posting of Annual Report 15.06.2010 to 23.06.2010
ÌãããäÓãÃã ãäÀ¹ããñÃ ãã ¹ãÆñÓã¥ã 15.06.2010 Ôãñ 23.06.2010
Last date for Receipt of
¹ãÆãùãÔããè ¹ãã½ãÃ ããè ¹ãÆããä¹¦ã ãñ
Proxy forms 15.07.2010
ãäÊã ãâãä¦ã½ã ãä¦ããä©ã 15.07.2010 (ØãìÁÌããÀ) 17.00 ºããñ (Thursday) 17:00 Hrs
ÌãããäÓãÃã Ôãã½ãã¶¾ã ºãõã ããè ¦ããÀãèã 20.07.2010 (½ãâØãÊãÌããÀ) ÔãìºãÖ Date of AGM 20.07.2010 (Tuesday)
10.00 ºããñ 10.00 A.M.
Êãã¼ããâÍã ããè ÜããñÓã¥ãã 20.07.2010 (½ãâØãÊãÌããÀ) Declaration of dividend 20.07.2010 (Tuesday)
Êãã¼ããâÍã ãªã¾ãØããè ¦ããÀãèã ããñ ¾ãã ¹ãÀã¶¦ã 30.07.2010 Dividend Payment date
on or after 30.07.2010
Êãã¼ããâÍã ããä£ã¹ã¨ã ¹ãÆñÓã¥ã ããè Ôãâ¼ããÌ¾ã ¦ããÀãèã 30.07.2010 Ôãñ 04.08.2010 Probable Date of Despatch
of Dividend Warrants 30.07.2010 to 04.08.2010
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Íãñ¾ãÀ£ããÀããò ããñ ã¶ãìªñÍã : ããä¦ã ããÌãÍ¾ãã Ìã ¦ã¦ããÊã

1. ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãã ããä£ãØãÆÖ¥ã Ìãâ ãâ¦ãÀ¥ã) ããõÀ ãäÌã¦¦ããè¾ã ÔãâÔ©ããú ãäÌããä£ã (ÔãâÍããñ£ã¶ã) ããä£ããä¶ã¾ã½ã 2006 ããñ 16 10 2006 Ôãñ ¹ãÆ¼ããÌããè Öõ, ¶ãñ ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãã
ããä£ãØãÆÖ¥ã Ìãâ ãâ¦ãÀ¥ã) ããä£ããä¶ã¾ã½ã 1970 ½ãò ãä¶ã½¶ããäÊããäã¦ãã¶ãìÔããÀ ã ¶ãÃ £ããÀã 10 (ºããè) ããñ¡ ªãè Öõ :
¾ããä ª ãä ãÔããè Íãñ ¾ ãÀ£ããÀã ¶ãñ Êãã¼ããâ Í ã ããè Üããñ Ó ã¥ãã ããè ¦ããÀãè ã Ôãñ 30 ãä ª ¶ããò ããè Ôã½ãããä ¹ ¦ã Ôãñ 7 ãä ª ¶ããò ãñ ãâ ª À Êãã¼ããâ Í ã ãã ¶ããªãè ãÀ¥ã / ªãÌãã
¶ãÖãé ãäã¾ãã Öõ ¦ããñ ºãöã ãñ Ëã¼ããâÍã ÞããÊãî ãã¦ãñ ½ãò ã½ãã ñÔããè Àã½ã ããñ ãÊãØã Ôãñ ÌãÓãÃ ãñ ãäÊã ããããñºããè ãã ãª¦¦ã Êãã¼ããâÍã
ãã¦ãã Íããè Ó ãÃ ã Â¹ããè ã ãÊãØã ãã¦ãñ ½ãò ãâ ¦ ããä À ¦ã ãÀ ãä ª ¾ãã ããú ý
ãª¦¦ã Êãã¼ããâÍã ãã¦ãñ ½ãò ãâ¦ããäÀ¦ã ããè Øã¾ããè ããñÃ ¼ããè Àã½ã ãâ¦ãÀ¥ã ããè ¦ããÀãèã Ôãñ Ôãã¦ã ÌãÓããô ããè ãÌããä£ã ãñ ãäÊã ãª¦¦ã ¾ãã ãªãÌãããð¦ã ÀÖ¦ããè
Öõ ¦ããñ Ôãñ ãâ ¹ã¶ããè ããä £ ããä ¶ ã¾ã½ã 1956 ããè £ããÀã 205 (1) (Ôããè ) ãñ ¦ãÖ¦ã Ô©ãããä ¹ ã¦ã ãä ¶ ãÌãñ Í ãã ãä Í ãàãã Ìãâ Ôãì À àãã ãä ¶ ããä £ ã (ãã¹ããè ¹ã) ããñ
ãâ ¦ ããä À ¦ã ãä ã¾ãã ãã¶ãã Öõ ý
ã¦ã: ãäÌã¦¦ããè¾ã ÌãÓãÃ 2000-01, 2001-02, 2002-03 ãñ ãäÊã Êãã¼ããâÍã, ãäÌã¦¦ããè¾ã ÌãÓãÃ 2003-04 ãñ ãäÊã ãâ¦ããäÀ½ã/ãâãä¦ã½ã Êãã¼ããâÍã ããõÀ ÌãÓãÃ 2004-05, 2005-06, 2006-
07, 2007-08 ããõÀ 2008-09 ãñ ãäÊã ãâ¦ããäÀ½ã ãâãä¦ã½ã Êãã¼ããâÍã ¶ãÖãé ãä½ãÊãã Öõ / ãäã¶Öãò¶ãñ Êãã¼ããâÍã ãã ¶ããªãèãÀ¥ã ¶ãÖãé ãäã¾ãã Öõ, ¶ãÔãñ ã¶ãìÀãñ£ã Öõ ãäã Ìãñ ã¹ã¶ãñ ªãÌãñ, ¹ããñãäÊã¾ããò
Ôãâ¾ãã (ããò) ãõÔãñ º¾ããñÀãò ÔããäÖ¦ã ãä¶ãÌãñÍãã Ôãâºãâ£ã ãàã, ãä¥¡¾ã¶ã ããñÌãÀÔããèã ºãöã, ãò³ãè¾ã ãã¾ããÃÊã¾ã,ã¥¥ãã ÔããÊãõ, Þãñ¸ãõ - 600 002 ããñ ¼ãñã ªò ý
2. ¹ããäºÊãã Í¾ãî 2000 ããõÀ ã¶ãìÌã¦ããèÃ Ìãâ ¹ããäºÊãã Í¾ãî 2003 ãñ Ìãã¹ãÔããè ããªñÍã ¹ãÆã¹¦ã ¶ã Öãñ¶ãñ Ôãâºãâ£ããè ½ãã½ãÊããò ãñ ºããÀñ ½ãò ¼ããè Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã Öõ ãäã Ìãñ ã¹ã¶ãñ ªãÌãñ, ¾ããäª ããñÃ
Öãñ, ¦ããñ ããÌãñª¶ã Ôãâ¾ãã ÔããäÖ¦ã ãä¶ãÌãñÍãã Ôãâºãâ£ã ãàã, ãä¥¡¾ã¶ã ããñÌãÀÔããèã ºãöã, ãò³ãè¾ã ãã¾ããÃÊã¾ã,ã¥¥ãã ÔããÊãõ, Þãñ¸ãõ - 600 002 ããñ ¼ãñã ªòý
3. Êãñ ã È ã ãä ¶ ãã Â¹ã ½ãò Íãñ ¾ ãÀ £ããÀ¥ã ãÀ¶ãñ Ì ããÊãñ Íãñ ¾ ãÀ£ããÀããò ´ãÀã ¹ã¦ãñ , ºãö ã ãã¦ãñ ½ãò ¹ããä À Ìã¦ãÃ ¶ ã ¦¾ãããä ª ãõ Ô ãñ ããä £ ãªñ ã ä Í ã¦ã ãä Ì ãÌãÀ¥ããò ½ãò ¹ããä À Ìã¦ãÃ ¶ ã ãñ
ãäÊã Ôãâºãâãä£ã¦ã ¡ãè ¹ããè ããñ Ôãâ¹ããÃ ãÀ¶ãã Öõ, ¶ã ãäã ÀãäãÔÈãÀ Ôãñý ãð¹ã¾ãã ¶ããñ ãÀ Êãò ãäã ÀãäãÔÈãÀ, ¡ãè ¹ããè ´ãÀã 28.05.2010 ¦ãã ¶Öò ãäª Öì ãäÌãÌãÀ¥ã ãñ ãã£ããÀ
¹ãÀ Êãã¼ããâÍã ããä£ã¹ã¨ã (¾ãã ¾ããäª Íãñ¾ãÀ£ããÀã ¶ãñ ÃÔããèÔã ã½ãã ãã ãäÌããÊ¹ã ãäª¾ãã Öãñ ¦ããñ Ôã ããä£ãªñãäÍã¦ã ãã¦ãñ ½ãò ã½ãã ãÀñØãã) ¼ãñãñØãã ý
4. ¹ããñãäÊã¾ããñ ãã Ôã½ãñã¶ã : ¾ãÖ ¹ãã¾ãã Øã¾ãã ãäã ãÃ Íãñ¾ãÀ£ããÀããò ´ãÀã ã Ôãñ ããä£ãã ã©ããÃ¦ã ºãÖìÔãâ¾ãã ½ãò ¹ããñãäÊã¾ããñ Àãñ Ööý Íãñ¾ãÀ£ããÀããò ããñ ¦¦ã½ã ÔãñÌãã ¹ãÆªã¶ã ãÀ¶ãñ Öñ¦ãì Ö½ã Íãñ¾ãÀ£ããÀããò
Ôãñ ã¶ãìÀãñ£ã ãÀ¦ãñ Öö ãäã Ìãñ ¹ããñãäÊã¾ããñ ãñ Ôã½ãñã¶ã Öñ¦ãì ã¹ã¶ãñ Íãñ¾ãÀ ¹ãÆ½ãã¥ã-¹ã¨ããò ããñ Ö½ããÀñ ÀãäãÔÈãÀ ããñ Ìãâ Íãñ¾ãÀ ãâ¦ãÀ¥ã ãñ¥Ôã ããñ ¶ããñ ãäÀãã¡Ã ½ãò ããÌãÍ¾ãã Ôãì£ããÀ Öñ¦ãì ¼ãñã ªòý
Instructions to Shareholders : Most Urgent and Immediate
1. The Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act,
2006, which has come into force on 16 10 2006 has inserted a new section 10(B) in the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970 which provides as under :
Within 7 days from the expiry of 30 days from the date of declaration, if any shareholder has not encashed/claimed
the dividend, such amounts lying in the bank Dividend current account, shall be transferred to a separate account
styled Unpaid Dividend Account of IOB for the year _____
Any money transferred to the Unpaid Dividend account which remains unpaid or unclaimed for a period of seven
years from the date of such transfer, shall be transferred to the Investor Education and Protection Fund (IEPF)established
under section 205(1)(C) of the Companies Act, 1956.
Hence the Shareholders who have not received/encashed the dividend for financial years 2000-01, 2001-02, 2002-03
Interim/Final Dividend 2003-04, Interim / Final Dividend 2004-05, 2005-06, 2006-07, 2007-08 and for the year 2008-09
are requested to send their claim along with details of Folio No.(s) to Investor Relations Cell, Indian Overseas Bank,
Central Office, 763 Anna Salai, Chennai 600 002.
2. Shareholders are also requested to send their claims, if any, in case of non receipt of refund orders in respect of our
Public Issue 2000 and Follow on Public Issue 2003 along with Application Number to Investor Relations Cell, Indian
Overseas Bank, Central Office,763, Anna Salai, Chennai-600 002.
3. The shareholders, who are holding shares in electronic form have to approach only the DP concerned and
not the Registrar for any change in the mandated particulars like change of address, Bank Account, etc.,
Please note that the Registrar would send the dividend warrant (or credit to the mandated account in the case of
shareholders who have opted for ECS credit) based on the particulars furnished by DP to the Registrar as on
28.05.2010.
4. Consolidation of Folios : It has been found that many shareholders maintain more than one folio (ie.) multiple folios.
In order to provide efficient service to shareholders, we request the shareholders to consolidate the folios by forwarding
their share certificates to our Registrar and Share Transfer Agent for necessary corrections in their records.
3
ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã ãã ¹ã¨ã
LETTER FROM THE CHAIRMAN AND MANAGING DIRECTOR
Ñããè Ôã. . ¼ã

ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã
Shri S.A. BHAT
Chairman & Managing Director
ãä¹ãÆ¾ã Íãñ¾ãÀ£ããÀããñ, Dear Shareholders,
I present your Banks Annual Report and financial

ÌãÓãÃ 2009-10 ãñ ãäÊã ãã¹ããñ ºãöã ããè ÌãããäÓãÃã ãäÀ¹ããñÃ ããõÀ ãäÌã¦¦ããè¾ã
statements for the year 2009-10. I would like to
ãäÌãÌãÀ¥ã ¹ãÆÔ¦ãì¦ã ãÀ ÀÖã Öúîý ½ãö ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ãñ ãì ½ãÖ¦Ìã¹ãî¥ãÃ briefly highlight some key issues and performance
ºãã¦ããò ããõÀ ãä¶ãÓ¹ããªã ÔãîÞãããò ¹ãÀ Ôãâàãñ¹ã ½ãò ¹ãÆããÍã ¡ãÊã¶ãã ÞããÖîúØããý indicators of the Bank during the year.
ÌãÓãÃ 2008-09 ãñ ªãõÀã¶ã ¼ããÀ¦ããè¾ã ã©ãÃÌ¾ãÌãÔ©ãã ½ãò ÖìÃ 6.7% Ìãðãä® The Indian economy is estimated to have
recorded a growth in the range of 7.2%-7.5%
ããè ¦ãìÊã¶ãã ½ãò ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã 7.2% - 7.5% ããè Ìãðãä®
during the year 2009-10 as against 6.7% recorded
ÖìÃ Öõ ý ã¹ãÆõÊã 10, 2009 ¦ãã ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã ããÀãäàããä¦ã¾ããú ¾ãî during 2008-09. As on April 10, 2009, Foreign
Ôã ¡ãè 279 ãäºããäÊã¾ã¶ã ÀÖãé, ããñ ãäã Øã¦ã ÌãÓãÃ Ôããè ãÌããä£ã ãñ ãäÊã Exchange Reserves stood at USD 279 billion
20 ¾ãîÔã¡ãè ãäºããäÊã¾ã¶ã ããè ã½ããè ããè ¦ãìÊã¶ãã ½ãâñ 11 ¾ãîÔã¡ãè ãäºããäÊã¾ã¶ã showing an increase of USD 11 billion as against
a decline of USD 20 billion during the
ããè ºãü¤ãñ¦ãÀãè Öõ ý ªñÍããè ½ããâØã ½ãñâ ÌãÔãîÊããè ãñ ½ãÿñ¶ããÀ ãã¾ãã¦ã ½ãñâ Ôãì£ããÀ
corresponding period a year ago. Imports have
Öìãã Öõ, ãã¦ãîºãÀ 2009 Ôãñ ãä¶ã¾ããÃ¦ããò ½ãâñ ºãü¤ãñ¦ãÀãè ÖìÃ Öõ ããñ ºããÖÀãè improved evidencing recovery in domestic
½ããâØã ½ãâñ ¦ãñããè ããñ ªÍããÃ¦ãã Öõ ããõÀ ãìÊã ãä½ãÊãããÀ ãããä©ãÃã ØããÖãè ½ãò demand, exports have turned around since
¦ãñããè ÖìÃ ããñ 2009-10 ããè ªîÔãÀãè ãä¦ã½ããÖãè ½ãò ÍãìÂ Öìãã ý ÌãÓãÃ October 2009 reflecting revival of external demand
and on the whole, economic recovery which
2009-10 ãñ ªãõÀã¶ã ÃãäãÌããè ºããããÀ ÌãõãäÍÌãã ããä¼ã¾ãã¶ã ãñ ÞãÊã¦ãñ
began in the second quarter of 2009-10 is gaining
ãã¶¦ãÀããä¾ãã Ôãì£ããÀãò ãñ Ôãã©ã ãäÔ©ãÀ ÀÖã ý ºããè Ôã Ã ÔãòÔãñãÔã momentum. During 2009-10, equity markets
1.04.2009 ãñ 9902 ããè ¦ãìÊã¶ãã ½ãò 31.03.2010 ããñ 17528 generally remained firm with intermittent
ÀÖã ããñ ÌãÓãÃ ãñ ªãõÀã¶ã 77.01% ããè ºãü¤ãñ¦ãÀãè Öõ ý corrections in line with the global movement. The
BSE Sensex improved by 77.01% during the year
Ôã½ããèàãã£ããè¶ã ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ãñ ãã¾ãÃãä¶ãÓ¹ããª¶ã ããè ãä¶ã½¶ããäÊããäã¦ã from 9902 on 1.04.2009 to 17528 on 31.03.2010.
ãäÌããäÍãÓ¦ããú ÀÖãè Öö : The performance of the Bank during the year
è 31 ½ããÞãÃ 2010 ¦ãã ãã¹ããñ ºãöã ãã ÌãõãäÍÌãã ããÀãñºããÀ
under review :
Á.1,91,577 ãÀãñü¡ ¦ãã ¹ãÖìúÞã Øã¾ãã ããñ ãäã ãä¹ãÊãñ ÌãÓãÃ ãñ è Your Banks global business reached Rs
Á.1,75,925 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò 8.90 % ããä£ãã Öõ ý 1,91,577 crore as at 31st March 2010 resulting
in an increase of 8.90% over last years figure
ie. Rs. 1,75,925 crore
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è ÌãÓãÃ 2009 - 2010 ãñ ªãõÀã¶ã ºãöã ããè ã½ããããò ¶ãñ ÌãÓãÃ ªÀ ÌãÓãÃ è Deposits of the Bank registered a year-on-
year (y-o-y) growth of Rs. 10679 crore
ãã£ããÀ ¹ãÀ Á.10679 ãÀãñü¡ (10.67 %) ããè Ìãðãä® ããñ ªãÃ
(10.67%) during the year 2009-10 and
ãäã¾ãã Öõý ÌãÓãÃ 2008-09 ãñ Á.1,00,116 ãÀãñü¡ ããè ã½ããããò increased from Rs. 1,00,116 crore for the
ããè ¦ãìÊã¶ãã ½ãò ¾ãÖ ºã¤ãÀ Á.1,10,795 ãÀñãü¡ ÀÖãè ý year 2008-09 to Rs. 1,10,795 crore.
è ÌãÓãÃ 2009 - 2010 ãñ ªãõÀã¶ã ÔããÊã ããäØãÆ½ããò ¶ãñ ÌãÓãÃ ªÀ ÌãÓãÃ è Gross Advances registered a y-o-y growth
of Rs.4972 crore (6.56%) and stood at
ãã£ããÀ ¹ãÀ Á.4,972 ãÀãñü¡ ããè (6.56%) Ìãðãä® ªãÃ ãäã¾ãã Öõ
Rs.80,782 crore for the year 2009-10, as
ããõÀ ¾ãÖ Á.80,782 ãÀãñü¡ ÀÖãèý ÌãÓãÃ 2008-09 ãñ ªãõÀã¶ã against Rs.75,810 crore for the year 2008-09.
¾ãÖ Á.75,810 ãÀãñü¡ ©ããý
è Operating Profit for the Bank was Rs. 1,845
è 31.03.2009 ¦ãã ãñ Á. 2,524 ãÀãñü¡ ãñ ºãöã ãñ ¹ããäÀÞããÊã¶ãØã¦ã crore as on 31.03.2010 as against Rs. 2,524
crore as on 31.03.2009.
Êãã¼ã ããè ¦ãìÊã¶ãã ½ãò ¾ãÖ 31.03.2010 ¦ãã Á.1845 ãÀãñü¡
ÀÖãý è Net Profit stood at Rs 707 crore at the end
of the year as against Rs. 1,326 crore for
è ãä¶ãÌãÊã Êãã¼ã Øã¦ã ÌãÓãÃ ãñ Á.1326ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãñ ÌãÓããÄ¦ã the previous year.
¦ãã Á.707 ãÀãñü¡ ÀÖã ý
è Net investments of the Bank increased to
è ÌãÓãÃ 2008-09 ãñ Á.31,215 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò ºãöã ãã Rs. 37,651 crore from Rs. 31,215 crore in
2008-09.
ãä¶ãÌãÊã ãä¶ãÌãñÍã Á.37,651 ãÀãñü¡ ¦ãã ºã¤û Øã¾ããý
è The percentage of priority sector advances
è ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ 40% ½ãã¶ãâª¡ãò ãñ ¹ãÆãä¦ã Ôã½ãã¾ããñãäã¦ã to Adjusted Net Bank Credit was at 40.59%
ãä¶ãÌãÊã ºãöã £ããÀ ããè ¦ãìÊã¶ãã ½ãò ¹ãÆã©ããä½ãã¦ãã àãñ¨ã ããäØãÆ½ããò ãã as against RBI norms of 40%.
¹ãÆãä¦ãÍã¦ã 40.59 % ÀÖãý è The agricultural credit portfolio of the Bank
è Ôã½ããèàãã£ããè¶ã ÌãÓãÃ ½ãò ºãöã ãñ ãðãäÓã £ããÀ ¹ããñÃ¹ããñãäÊã¾ããñ ¶ãñ Á.1,780
registered a growth of Rs. 1,780 crore from
Rs. 10,817 crore to Rs. 12,597 crore in the
ãÀãñü¡ ããè Ìãðãä® ªãÃ ããè Öõ ãäãÔãÔãñ ¾ãÖ Á.10,817 ãÀãñü¡ Ôãñ year under review. The Banks ratio of
ºãü¤ ãÀ Á.12,597 ãÀãñü¡ Öãñ Øã¾ããý Ôã½ãã¾ããñãäã¦ã ãä¶ãÌãÊã ºãöã agricultural advances to Adjusted Net Bank
Credit at 18.77% exceeded the 18% norm.
£ããÀ ããè ¦ãìÊã¶ãã ½ãò ºãöã ãñ ãðãäÓã ããäØãÆ½ã ãã ¹ãÆãä¦ãÍã¦ã 18.77%
The Bank took a number of initiatives to
ÀÖã ããñ ãäã ãä¶ã£ããÃãäÀ¦ã 18% ½ãã¶ãªâ¡ ãã ããä£ãØã½ã¶ã Öõý ºãöã ¶ãñ increase the flow of credit to this sector.
Ôã àãñ¨ã ½ãò £ããÀ ¹ãÆÌããÖ ããñ ºãü¤ã¶ãñ ãñ ãäÊã ãÃ ¹ãÖÊã ãäã ý
è The total exposure of the Bank as on March
è 31 ½ããÞãÃ 2010 ¦ãã Ôã½ãÃ àãñ¨ã ½ãò ºãöã ãã ãìÊã £ããÀ 31, 2010 to SME sector stood at Rs. 11,660
crore. The Bank has executed MOUs with
Á.11,660 ãÀãñü¡ ÀÖãý ºãöã ¶ãñ ããùãñ ãäÀãÍãã ,Ì¾ããÌãÔãããä¾ãã
the private sector for financing of auto
ãä¦ã¹ããäÖ¾ãã ÌããÖ¶ã ,Èã ããõÀ Ì¾ããÌãÔãããä¾ãã ¹ããäÀÌãÖ¶ã ÌããÖ¶ã ãñ rickshaws, commercial three wheelers, trucks
ãäÌã¦¦ã¹ããñÓã¥ã ãñ ãäÊã ãä¶ãããè àãñ¨ã ãñ Ôãã©ã Ôã½ã¢ããõ¦ãã ãã¹ã¶ã ãã and commercial transport vehicles.
ãä¶ãÓ¹ããª¶ã ãäã¾ãã Öõý
è The CD Ratio registered a level of 72.91%
è ãäÀ¹ããñãäÄØã ãÌããä£ã ãñ ãâ¦ã ¦ãã £ããÀ ã½ãã ã¶ãì¹ãã¦ã ¶ãñ 72.91% as at the end of the reporting period.
ãñ Ô¦ãÀ ããñ ÖããäÔãÊã ãÀ ãäÊã¾ããý è The Banks Net Profit as a percentage of
Average Networth as of 31.03.2010 stood at
è 31.03.2010 ¦ãã ãñ ãäÊã ããõÔã¦ã ãä¶ãÌãÊã ½ãîÊ¾ã ããè ¦ãìÊã¶ãã ½ãò 11.97%.
ºãöã ãã ãä¶ãÌãÊã Êãã¼ã 11.97% ÀÖãý
è Total Net Interest Income improved to Rs.
è ãä¹ãÊãñ ÌãÓãÃ ãñ Á.2,870 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò Ôã ãÌããä£ã ãñ 3,168 crore when compared to Rs. 2,870
crore last year, registering a growth of
ªãõÀã¶ã ãìÊã ãä¶ãÌãÊã º¾ããã ãã¾ã ºãü¤ãÀ Á. 3,168 ãÀãñü¡ ¦ãã 10.39%.
¹ãÖìúÞã Øã¾ããè, ããñ ãäã 10.39% ããè Ìãðãä® Öõý
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è ÌãÓãÃ ãñ ãäÊã ãä¶ãÌãÊã º¾ããã ½ãããäãÃ¶ã 2.74% ÀÖã ý è Net Interest Margin stood at 2.74% for the
year.
è ºãöã ããè ãìÊã ãã¾ã Øã¦ã ÌãÓãÃ ãñ Á. 11,237 ãÀãñü¡ ããè ¦ãìÊã¶ãã è The Banks total income stood at Rs. 11,389
½ãñ Ôã ÌãÓãÃ ãñ ãâ¦ã ½ãñâ Á.11,389 ãÀãñü¡ ÀÖãè ý crore as against Rs. 11,237 crore for the
è ¹ãÆãä¦ã ã½ãÃÞããÀãè Ì¾ãã¹ããÀ ãÖãú Á.6.89 ãÀãñü¡ Ôãñ ºãü¤ãÀ Á.7.12

è
previous year.
While the business per employee has

ãÀãñü¡ Öãñ Øã¾ãã, ÌãÖãé ¹ãÆãä¦ã ã½ãÃÞããÀãè Êãã¼ã Øã¦ã ÌãÓãÃ ãñ Á. 5.20
improved from Rs 6.89 crore to Rs. 7.12
Êããã ããè ¦ãìÊã¶ãã ½ãò 2.63 Êããã ÀÖã ý crore, the profit per employee stood at Rs
è ½ããÞãÃ 2010 ¦ãã ÔããÊã ã¶ããÃã ãããäÔ¦ã Á.3,611 ãÀãñü¡ ÀÖãèý

2.63 Lacs as against Rs 5.20 Lacs for the
previous year.
¹ãÆãä¦ãÍã¦ã ãñ Ôãâª¼ãÃ ½ãò 31.03.2009 ãñ 2.54% ãñ ¹ãÆãä¦ã ÔããÊã
ã¶ããÃã ãããäÔ¦ã ã¶ãì¹ãã¦ã 4.47% ÀÖãý ÌãÓãÃ ãñ ªãõÀã¶ã ãä¶ãÌãÊã
è Gross NPA stood at Rs. 3,611 crore in March
2010. In percentage terms, the Gross NPA
ã¶ããÃã ãããäÔ¦ã ã¶ãì¹ãã¦ã 31.03.2009 ãñ 1.33% ããè ¦ãìÊã¶ãã ratio was 4.47% as at 31.03.2010 as against
½ãñ 2.52 % ÀÖã ý 2.54% as at 31.03.2009. Net NPA ratio stood
at 2.52% for the year under review as against
è ÌãÓãÃ 2009-10 ãñ ãäÊã ãä¶ãªñÍãã ½ãâ¡Êã ¶ãñ 35% Êãã¼ããâÍã ããè 1.33% as at 31.03.2009.
ãäÔã¹ãããäÀÍã ããè Öõý è A dividend of 35% has been recommended
by the Board of Directors for the year 2009-10.
31.03.2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ ãäÊã ãã¹ããñ ºãöã ãã ¹ããäÀÞããÊã¶ãØã¦ã
Êãã¼ã 26.91% Ôãñ ãäØãÀãÀ Á. 1845 ãÀñãü¡ Öãñ Øã¾ãã ããõÀ ãä¶ãÌãÊã Your Banks Operating Profit fell by 26.91% to
Rs. 1845 crore and Net Profit fell by 46.68% to
Êãã¼ã 46.68 % Ôãñ ãäØãÀãÀ Á. 707 ãÀãñü¡ ÀÖãý ¾ãÖ ãäØãÀãÌã ã¶¾ã Rs. 707 crore for the year ended 31.03.2010 due
ãã¾ã ãõÔãñ ÈñãÀãè ãã¾ã, ããäØãÆ½ããò ½ãâñ ã½ã Ìãðãä® ããõÀ ãÍããñ£¾ã ¨ãÉ¥ã to fall in other income including treasury income,
ããõÀ Ìãñ¦ã¶ã ÔãâÍããñ£ã¶ã ãñ ãäÊã ÞÞã ¹ãÆãÌã£ãã¶ã ãñ ããÀ¥ã ãã¾ããè ý 2009 lower growth in advances and higher provisioning
½ãâñ ÌãõãäÍÌãã ½ãâªãè ãñ ããÀ¥ã Ö½ããÀñ £ããÀã¦ããÃããò ããè Þãìã¦ãã¶ã àã½ã¦ãã for bad debts and for wage revision. The downturn
in the global economy that was witnessed in 2009
¹ãÆ¼ãããäÌã¦ã ÖìÃ ããõÀ ãÍããñ£¾ã ¨ãÉ¥ã ¹ãÆ½ãìã¦ã: ºãìãä¶ã¾ããªãè ¤ãâÞãñ , ¹ãÆã©ããä½ãã¦ãã has impacted the repayment capacity of our
àãñ¨ã , ããÀãñºããÀãè ãäÌã¦¦¹ããñÓã¥ã ããõÀ ¼ãîÔãâ¹ãªã àãñ¨ããò ½ãñâ Öìãã ý ã¶ããÃã borrowers and bad debts were added mainly in
ãããäÔ¦ã¾ããò ½ãñâ ºãü¤ãñ¦ãÀãè ãñ ããÀ¥ã ã¶ããÃã ãã¦ããò ¹ãÀ º¾ããã ããè Øã¥ã¶ãã the infrastructure, priority sector, trade finance
¶ãÖãé Öãñ Ôãããè ãäãÔããñ ããÀ¥ã º¾ãããØã¦ã ãã¾ã ¹ãÀ ªìÓ¹ãÆ¼ããÌã ¹ãü¡ã ý and real estate sectors. Increase in NPAs also
results in non reckoning of interest on NPA
ãã¹ããñ ºãöã ½ãñâ ãÍããñ£¾ã ¨ãÉ¥ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã 48% Ôãñ ºãü¤ããÀ 54 accounts, adversely affecting interest income.
% ãÀ ãäª¾ãã Øã¾ãã Öõ ããõÀ ãäÔã¦ãâºãÀ 2010 ¦ãã ¾ãÖ 70% ¦ãã ¹ãÖìúÞã¶ãñ Your Bank has increased its provisioning for bad
ããè Ôãâ¼ããÌã¶ãã Öõ ¾ãã ºããª ½ãñâ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãõÔãã ããä£ãªñÍã ªñ¦ãã debts to 54% from 48% and expects to reach
Öãñ ÌãõÔãã Öãññ¶ãñ ããè Ôãâ¼ããÌã¶ãã Öõý the 70% provisioning norm by September 2010
or later as mandated by Reserve Bank of India.
ãâ¦ãÀãÃÓÈãè¾ã Ô¦ãÀ ãñ ºãöã Öãñ¶ãñ ãñ ¶ãã¦ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ As a Bank with international presence, we have
ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ 31 ½ããÞãÃ 2008 Ôãñ ÔãâÍããñãä£ã¦ã ¶ã¾ããè ¹ãîúããèØã¦ã already moved to the revised New Capital
¹ã¾ããÃ¹¦ã¦ãã ¹ãÆ¥ããÊããè -(ºãñÔãÊã ýý) ããñ Ö½ã ã¹ã¶ãã Þãìãñ Öõý ºãñÔãÊã ýý Adequacy Framework (BASEL II) from 31st March
2008 in line with RBI guidelines. CRAR as per
¤ãúÞãñ ãñ ã¶ãìÔããÀ 31.03.2010 ¦ãã ãñ ãäÊã ÔããèããÀããÀ 14.78%
BASEL-II framework as on 31.3.2010 works out
Öõ ããñ ãäã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã 9% ããè ã¹ãñàãã Ôãñ to 14.78% which is above the requirement of 9%
ããä£ãã Öõý prescribed by RBI.
ÔãÖ ºãöãäãâØã àãñ¨ã ½ãâñ ºãöã ãã ½ãì¾ã £¾ãã¶ã Ö½ããÀñ ºããè½ãã ¦¹ããªãò , ÔÌã¥ãÃ In the area of para-banking, focus was directed
on marketing of insurance products, sale of gold
ãäÔããããò ããè ãäºãããè ããõÀ ÔãîÞã¶ãã ¹ãÆãõ²ããñãäØãããè ¾ãìã¦ã ¦¹ããªãò ãñ ãäÌã¹ã¥ã¶ã coins and IT enabled products. Periodic
¹ãÀ ãñãä¶³¦ã ÀÖã ããõÀ Ö½ããÀãè ÍãìÊã ãã£ãããäÀ¦ã ãã¾ã ½ãñâ Ôãì£ããÀ ãÀ¶ãñ ãñ campaigns were conducted at our branches to
ãäÊã Íããããããñâ ½ãò ãä¶ã¾ããä½ã¦ã Â¹ã Ôãñ ããä¼ã¾ãã¶ã ÞãÊãã Øã ý ÍãìÊã improve our fee based income. The fee based
6
ãã£ãããäÀ¦ã ãã¾ã 31.03.2009 ãñ Á. 15.27 ãÀãñü¡ Ôãñ ºãü¤ãÀ ãäª¶ããâã income which was Rs.15.27 crores as on 31/3/
2009 has gone up to Rs.23.47crores as on 31/
31.3.2010 ããñ 23.47 ãÀãñü¡ Öãñ Øã¾ããý ØãõÀ ããèÌã¶ã ºããè½ãã ¦¹ããªãò ãñ
3/2010. The Bank continues with its Corporate
ãäÌã¦ãÀ¥ã Öñ¦ãì 20.12.2008 Ôãñ ãã¹ããñ ºãöã ¶ãñ ¾ãîãä¶ãÌãÔãÃÊã Ôããò¹ããñ ã¶ãÀÊã Agency arrangement entered into, with effect from
âÍ¾ãîÀòÔã ãâ¹ã¶ããè (ÊããÖãºããª ºãöã, ã¥ããÃã ºãöã, ¡ãºãÀ ¶ÌãñÔ½ãò 20.12.2008, with Universal Sompo General
ãã¹ããóÀñÍã¶ã ããõÀ Ôããò¹ããñ ãã¹ãã¶ã âÍ¾ããñÀòÔã âã. ÔããäÖ¦ã ØãõÀ ããèÌã¶ã ºããè½ãã Insurance Company Limited (the Non-Life
Insurance Joint Venture Company of your Bank
Ôãâ¾ãìã¦ã ²ã½ã ãâ¹ã¶ããè) ãñ Ôãã©ã ãã¹ããóÀñ ããä¼ããÀ¥ã Ì¾ãÌãÔ©ãã ãä¶ã¾ã¦ã ããè
with Allahabad Bank, Karnataka Bank, Dabur
Öõ ý Investment Corporation and Sompo Japan
Insurance Inc.) for distribution of non-life insurance
ãÖãú ¦ãã ãäÌãªñÍããè ¹ããäÀÞããÊã¶ããò ãã ½ãã½ãÊãã Öõ,ÌãÖãâ ¦ããñ ºãöã ããè products.
ãäÌãªñÍã ½ãò : ¹ãî¥ãÃÂ¹ãñ¥ã Íããããú Öö - ªãñ ÖãúØãããúØã ½ãò ããõÀ ã -
As regards our overseas operations, we have six
ã ãäÔãâØãã¹ãìÀ, ªãäàã¥ã ããñãäÀ¾ãã, ÑããèÊãâãã ããõÀ ©ããÃÊãö¡ ½ãò ãäÔ©ã¦ã full-fledged overseas branches two in Hong
Ööý ºãî¶ãÊãñ ããõÀ ÔãñÀâØãî¶ã, ãäÔãâØãã¹ãîÀ ½ãò ¹ãÆñÓã¥ã ãò³ ãã¾ãÃÀ¦ã Öö ããõÀ Kong and one each in Singapore, South Korea,
ÑããèÊãâãã ½ãò ã ¹ã Íãããã ¼ããè ãã¾ãÃÀ¦ã Öõý Sri Lanka and Thailand. Remittance Centres
function in Boon Lay and Serangoon, Singapore
Ôããñ ãÊããÌãã Øãì ããâ Ø ã¢ãã, Þããè ¶ ã Ìã ãì ããÊããÊãâ ¹ ãî À , ½ãÊãñ ã ä Í ã¾ãã while an Extension Counter is located in Sri Lanka.
¦ã©ãã Öãñ ãä Þ ã ãä ½ ãâ â Ö ãä Ô ããè , ãä Ì ã¾ã¦ã¶ãã½ã, ãÊã ãÀã½ãã,ªì º ãÃ ½ãò The Banks Representative Offices are located in
ºãö ã ãñ ¹ãÆ ã ä ¦ ããä ¶ ããä £ ã ãã¾ããÃ Ê ã¾ã ½ããõ ãî ª Öö ý ÌãÓãÃ ãñ ªãõ À ã¶ã ºãö ã Guangzhou, China and Kuala Lumpur, Malaysia,
¶ãñ ªì º ãÃ ½ãò ¹ãÆ ã ä ¦ ããä ¶ ã£ã ãã¾ããÃ Ê ã¾ã ããè Íãì Â ãã¦ã ããè Öõ ããõ À Ho Chi Minh City, Vietnam and Al Karama, Dubai.
¹ãÀÌãÀãè 2010 Ôãñ ãã¾ããÃ Ê ã¾ã ¹ãî ¥ ãÃ Â¹ã Ôãñ ãã¾ãÃ À ¦ã Öõ ý During the year, the Bank has opened
Representative Office at Dubai and the office has
become fully operational since February 2010.
½ãÊãñ ã ä Í ã¾ãã ½ãñ ºãö ã ä ãâ Øã ã¶ãì Ó ãâ Ø ããè ããñ Ê ã¶ãñ ãñ ãä Ê ã ºãö ã ¶ãñ
ºãö ã ããù ¹ ã ºãü ¡ ãõ ª ã ããõ À ãã¶£ãÆ ã ºãö ã ãñ Ôãã©ã Ôãâ ¾ ãì ã ¦ ã ¹ãã½ã The Bank has signed a joint venture agreement
ãÀãÀ ¹ãÀ ÖÔ¦ããàãÀ ãä ã¾ãã Öõ ý ã¶ãì Ó ãâ Ø ããè ¶ãñ ½ãÊãñ ã ä Í ã¾ãã ãñ with Bank of Baroda and Andhra Bank to open
a Banking subsidiary in Malaysia. The subsidiary
ãñ ¶³ãè ¾ ã ºãö ã, ºãö ã ¶ãñ Ø ããÀã Ôãñ ÊããÔãò Ô ã ãñ ãä Ê ã ããÌãñ ª ¶ã has applied for license from Bank Negara, the
ãä ã¾ãã Öõ ý Central Bank of Malaysia.
ºãñ Ö ¦ãÀ ããõ ² ããñ ã ä Ø ãã Ôãâ º ãâ £ ã ãã Ôãâ Ì ã®Ã ¶ ã Ö½ããÀñ ºãö ã ãã ½ãì ¾ã Promotion of good industrial relations continues
Êãà¾ã Öõ ý to be an objective of our Bank.
During the year under review, globally, recovery

Ôã½ããè à ãã£ããè ¶ ã ãÌããä £ ã ãñ ªãõ À ã¶ã ã¹ãÆ ¦ ¾ãããä Í ã¦ã ãããä © ãÃ ã ½ãâ ª ãè in the advanced economies from the
ãñ ããÀ¥ã ãã£ãì ã ä ¶ ãã ã©ãÃ Ì ¾ãÌãÔ©ãã ½ãâ ñ ÌãÔãî Ê ããè £ããè ½ ããè ÀÖãè Öõ ý unprecedented economic crisis is slow. In this
Ôã ¹ãðÓ¼ãîãä½ã ½ãñâ ¼ãÀ¦ããè ºããããÀ ã©ãÃÌ¾ãÌãÔ©ããããò ¹ãÀ background Emerging Market Economies
(EMEs)(of which India is one), although facing
½ãì ³ ãÔ¹ããè ã ä ¦ ãããÀãè ( Ã ½ã Ã ) ªºããÌã ÀÖ¶ãñ ãñ ºããÌããî ª ¼ããÀ¦ã
inflationary pressures, are showing significant signs
½ãñ â ÌãÔãî Ê ããè ãñ ãÞñ Ôãâ ãñ ¦ã ãä ª ããÃ ªñ ÀÖñ Öö ý ªñ Í ããè Ô¦ãÀ ¹ãÀ of recovery. In the domestic front, the economic
ãããä © ãÃ ã ¹ãì ¶ ãÃ Ê ãã¼ã ½ãò ÊãØãã¦ããÀ Ôãì £ ããÀ ¼ããÀ¦ããè ¾ ã ã©ãÃ Ì ¾ãÌãÔ©ãã recovery, which shows evidence of sustained
ããõ À Ôããñ ãä Ì ã¦¦ããè ¾ ã àãñ ¨ ã ãñ ÊãÞããè Ê ãñ Öãñ ¶ ãñ ãã ¹ããä À Þãã¾ãã Öõ ý improvement, stands testimony to the resilience
of the Indian economy and its financial sector.
¼ããÀ¦ã ½ãò Ìãõ ã ä Í Ìãã ½ãâ ª ãè ãñ ªì Ó ¹ãÆ ¼ ããÌã ããñ ã½ã ãÀ¶ãñ ½ãâ ñ ¼ããÀ¦ããè ¾ ã
RBIs intervention and regulation was largely
ãä À ãÌãÃ ºãö ã ãã ÖÔ¦ãàãñ ¹ ã ããõ À ãä Ì ããä ¶ ã¾ã½ã¶ã Ì¾ãã¹ãã Â¹ã Ôãñ responsible for mitigating the adverse impact of
ãä ã½½ãñ ª ãÀ Öö ý ¼ããÀ¦ã ãã Ìãð ã ä ® ØãÆ ã ¹ã Ìãõ ã ä Í Ìãã ¹ããä À ÒÍ¾ã Ôãñ the global crisis in India. Indias growth curve is
Êã Öõ ý ãä ¹ ãÀ ¼ããè ÔããÌã£ãã¶ããè ãñ ¦ããõ À ¹ãÀ ¾ãÖ ¶ããñ ãä ã¾ãã in sharp contrast to the overall global scenario.
However on a note of caution, it is imperative
ãã¶ãã Þãããä Ö ãä ã ¾ã²ããä ¹ ã ¼ããÀ¦ã ½ãâ ñ ÌãÔãîÊããè ÜãÀñ Ê ãî ½ããâ Ø ã ´ãÀã
to note that while recovery in India is largely
Ôãâ Þ ãããä Ê ã¦ã Öãñ¶ãñ ããè ã¹ãñàãã Àã¦ãã Öõ ãä ¹ ãÀ ¼ããè Ìãõ ã ä Í Ìãã ¦ããã¦ãñ expected to be driven by domestic demand, the
Ôãìãä¶ããäÍÞã¦ã ãÀ Ôãã¦ããè Öö ãäã ÌãõãäÍÌãã Ìãã¦ããÌãÀ¥ã ½ãñâ forces of globalization could ensure that negative
¶ãããÀã¦½ãã ãä Ì ãããÔã ãñ ããÀ¥ã ¼ããÀ¦ããè ¾ ã ã©ãÃ Ì ¾ãÌãÔ©ãã ¹ãÀ ãÔãÀ developments in the global environment would
7
¹ãü ¡ ñ ý ¡ºÊã¾ãî ¹ããè ãã (©ããñ ã ½ãî Ê ¾ã Ôãî Þ ãããâ ã ) ãä Ô ã¦ãâ º ãÀ 2009 impact the Indian economy. Further, inflation has
accentuated in the last quarter of 2009-10 with
½ãò 0.5% ããè ¦ãì Ê ã¶ãã ½ãâ ñ ½ããÞãÃ 2010 ½ãò 9.9% ÀÖã ãä ãÔãÔãñ
the Whole Sale Price Index accelerating from
ÌãÓãÃ 2009-10 ããè ãããä ãÀãè ãä ¦ ã½ããÖãè ½ãò ½ãì ³ ã ãä Ô ¹ããè ã ä ¦ ã ¹ãÆ º ãÊã 0.5% in September 2009 to 9.9% in March 2010,
ÀÖãè Öõ ý ¹ããä À ¥ãã½ãÔÌãÂ¹ã ¶ããè ã ä ¦ ãØã¦ã ãã£ããÀ ¹ãÀ ¼ããÀ¦ããè ¾ ã ãä À û ãÌãÃ resulting in RBIs policy focus shifting to the
ºãö ã ãã £¾ãã¶ã ½ãì ³ ã Ô¹ããè ã ä ¦ ã ããñ ã½ã ãÀ¶ãñ ããè ããñ À Öãñ containing of inflation.
Øã¾ããý Looking forward, your Bank faces exciting
business opportunities in future. Our inherent
¼ããäÌãÓ¾ã ½ãò ãã¹ããñ ºãöã ãñ ¹ããÔã ¦ÔããÖã¶ãã ãÌãÔãÀ ¼ããè Öö ý Ö½ããÀãè strengths are our potential, our wide network of
ã¶¦ãÃãä¶ããäÖ¦ã Íããäã¦ã Öõ Ö½ããÀãè àã½ã¦ãã, Ö½ããÀã ãäÌãÔ¦ãð¦ã Íãããã ¶ãñÌããÃ branches and our long term vision. These will
ããõÀ Ö½ããÀãè ªãèÜãÃãããäÊãã ÒãäÓý ¶ããñ ããÀ¥ã Ö½ã ¶ã ãÌãÔãÀãò ãã enable us to capitalize on the opportunities and
face the challenges in the Industry so as to
Êãã¼ã ã Ôãã¦ãñ Öö ããõÀ ²ããñØã ½ãâñ ½ããõãîª Þãì¶ããõãä¦ã¾ããò ãã Ôãã½ã¶ãã ãÀ consolidate our market position and deliver our
Ôãã¦ãñ Öö ¦ãããäã ã¹ã¶ãñ ºããããÀ ãäÔ©ããä¦ã ãã Ôã½ãñã¶ã ãÀ Ôããñ ããõÀ Ö½ããÀñ commitment to generate value and returns for
Ôñã £ããÀããñâ ¾ã©ãã ØãÆãÖããò, Íãñ¾ãÀ£ããÀããò ããõÀ ã½ãÃÞãããäÀ¾ããò ãñ ãäÊã our customers, shareholders and employees.
½ãîÊ¾ã ããõÀ Êãã¼ã ãã Ôãðã¶ã ãäã¾ãã ãã Ôããñ ý As always, your Bank relies on the continuing
trust and support of our shareholders and we
ãõÔãã ãäã ãã¹ããã ºãöã ÔãªõÌã ã¹ã¶ãñ Íãñ¾ãÀ£ããÀããò ãñ ãäÌãÍÌããÔã ããõÀ take this opportunity to thank the shareholders
ÔãÖ¾ããñØã ããñ ºã¶ãã Àã¦ãã Öõ,Ôã ãÌãÔãÀ ¹ãÀ ºãöã ãñ ªÍãÃ¶ã ãñ ¹ãÆãä¦ã for their commitment to the Banks vision over
ã¹ã¶ããè ¹ãÆãä¦ãºã®¦ãã ãñ ãäÊã Íãñ¾ãÀ £ããÀããâñ ãñ ¹ãÆãä¦ã ÍãìãØãìûããÀ Ööý the years.
ãã¹ããã , Yours sincerely,
Ôã ¼ã S A BHAT

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Íãñ ¾ ãÀ£ããÀããò ããñ Ôãî Þ ã¶ãã NOTICE TO SHAREHOLDERS
¦ãªá´ãÀã ÔãîÞã¶ãã ªãè ãã¦ããè Öõ ãäã ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ Íãñ¾ãÀ£ããÀããò Notice is hereby given that the TENTH Annual
General Meeting of the shareholders of INDIAN
ããè ªÔãÌããé ÌãããäÓãÃã Ôãã½ãã¶¾ã ºãõã ½ãâØãÊãÌããÀ 20 ãìÊããÃ, 2010 ããñ
OVERSEAS BANK will be held on Tuesday, the 20th
¹ãîÌããÃÖ¶ã 10.00 ºããñ ¶ããÀª Øãã¶ã Ôã¼ãã, (ÔãªáØãìÁ ãã¶ãã¶ãâª ÖãÊã), 314, July 2010 at 10.00 A.M. at Narada Gana Sabha,
ãèãèãñ Àãñ¡, Þãñ¸ãõ - 600 018 ½ãò ãä¶ã½¶ããäÊããäã¦ã ãã¾ããô Öñ¦ãì ãã¾ããñãäã¦ã (Sathguru Gnananda Hall) 314 TTK Road, Chennai
ããè ããØããè ý ½ã 600 018, to transact the following business :
1. To discuss, approve and adopt the Audited
1. 31 ½ããÞãÃ, 2010 ããè ãäÔ©ããä¦ã ã¶ãìÔããÀ ºãöã ãñ ¦ãìÊã¶ã-¹ã¨ã, 31 Balance Sheet of the Bank as at 31st March
½ããÞãÃ, 2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ ãäÊã Êãã¼ã-Öããä¶ã ãã¦ãñ, Êãñãã 2010, Profit and Loss Account of the Bank
for the year ended 31st March 2010, the
ãÌããä£ã ãñ ªãõÀã¶ã ºãöã ãñ ãäã¾ãããÊãã¹ããò ããõÀ ãã¾ãÃ-Ì¾ãÌãÖãÀ ¹ãÀ report of the Board of Directors on the
ãä¶ãªñÍãã ½ãâ¡Êã ããè ãäÀ¹ããñÃ ããõÀ ¦ãìÊã¶ã ¹ã¨ã ¦ã©ãã Êãñããò ¹ãÀ Êãñãã working and activities of the Bank for the
¹ãÀãèàãããò ããè ãäÀ¹ããñÃ ¹ãÀ ÞãÞããÃ ãÀ¶ãã, ã¶ãì½ããñª¶ã ããõÀ ÔÌããèããÀ period covered by the accounts and the
Auditors report on the Balance Sheet and
ãÀ¶ãã ý
Accounts.
2 ãäÌã¦¦ããè¾ã ÌãÓãÃ 2009-10 ãñ ãäÊã Êãã¼ããâÍã ÜããñãäÓã¦ã ãÀ¶ãã ý 2. To declare dividend for the financial year
2009-10.
ãä¶ãªñÍãã ½ãâ¡Êã ãñ ããªñÍãã¶ãìÔããÀ
BY ORDER OF BOARD OF DIRECTORS
Þãñ¶¶ãõ (Ôãû û ¼ã)

Chennai (S A BHAT)
29-05-2010 ã£¾ãàã Ìãâ ¹ãÆºãâ£ã ãä¶ãªñÍãã 29.05.2010 Chairman and Managing Director
¶ããñ NOTES
1. ¹ãÆãùãÔããè ããè ãä¶ã¾ãìãä§ã
1. APPOINTMENT OF PROXY :
ºãõã ½ãò ¹ããäÔ©ã¦ã Öãñ¶ãñ ããõÀ Ìããñ ãÀ¶ãñ ãñ ãäÊã ¹ãã¨ã Íãñ¾ãÀ£ããÀã A SHAREHOLDER ELIGIBLE TO ATTEND AND VOTE,
ÔÌã¾ãâ ã¹ã¶ãñ Ô©ãã¶ã ¹ãÀ ¹ããäÔ©ã¦ã Öãñ¶ãñ ããõÀ Ìããñ ãÀ¶ãñ ãñ ãäÊã IS ENTITLED TO APPOINT A PROXY TO ATTEND
AND VOTE INSTEAD OF HIMSELF / HERSELF AND
ãäãÔããè ¹ãÆããÔããè ããñ ãä¶ã¾ãìã¦ã ãÀ¶ãñ ãñ ãäÊã ¹ãã¨ã Öõ ããõÀ ¹ãÆããÔããè SUCH PROXY NEED NOT BE A SHAREHOLDER
ºãöã ãã Íãñ¾ãÀ£ããÀã Öãñ, ¾ãÖ ûãÂÀãè ¶ãÖãé Öõý OF THE BANK.
ºãÖÀÖãÊã ¹ãÆãä¦ããä¶ããä£ã ããè ãä¶ã¾ãìãä§ã ãñ Ôãâºãâ£ã ½ãò ¹ã¨ã, ºãöã ãñ ãñ¶³ãè¾ã The instrument appointing proxy should,
however be deposited at the Central Office
ãã¾ããÃÊã¾ã (ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã, ãä¶ãÌãñÍãã Ôãâ¹ããÃ ãàã, of the Bank (Indian Overseas Bank, Investor
Êãñãã ãäÌã¼ããØã, ãò³ãè¾ã ãã¾ããÃÊã¾ã, 763 ã¥¥ãã ÔããÊãõ, Þãñ¸ãõ 600 Relations Cell, Accounts Department, Central
002) ½ãò ºãõã ¹ãÆãÀâ¼ã Öãñ¶ãñ ãñ ÞããÀ ãäª¶ã ¹ãÖÊãñ ã©ããÃ¦ãá ØãìÁÌããÀ, Office, 763, Anna Salai, Chennai 600002) not
15 ãìÊããÃ 2010 ããñ ã¹ãÀãÙ¶ã 25.00 ºããñ ¦ãã ¾ãã less than four days before the date fixed for
the meeting i.e. on or before 5.00 p.m. on
¹ãÖÊãñ ã½ãã ãÀ ªñ¶ãã ÞãããäÖý Thursday, 15th July 2010.
2. ¹ãÆããä£ããð¦ã ¹ãÆãä¦ããä¶ããä£ã ããè ãä¶ã¾ãìãä§ã : 2. APPOINTMENT OF AN AUTHORISED
REPRESENTATIVE :
ããñÃ ¼ããè Ì¾ããä§ã ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ Íãñ¾ãÀ£ããÀããò ããè No person shall be entitled to attend or vote
ãäãÔããè ¼ããè ºãõã ½ãò ¦ãºã ¦ãã ¼ããØã Êãñ¶ãñ ãñ ãäÊã ¹ãã¨ã ¶ãÖãé Öãñ at any meeting of the shareholders of Indian
Ôãã¦ãã ¾ãã Ìããñ ¶ãÖãé ªñ Ôãã¦ãã ãºã ¦ãã ãäã Ôãñ ãäãÔããè ãâ¹ã¶ããè ãñ Overseas Bank as the duly authorized
representative of a company unless a copy
ãäÌããä£ãÌã¦ãá ¹ãÆããä£ããð¦ã ¹ãÆãä¦ããä¶ããä£ã ãñ Â¹ã ½ãò ãä¶ã¾ãì§ã ãÀ¦ãñ Öí of the resolution appointing him as a duly
¹ãããäÀ¦ã ÔãâãÊ¹ã ããè Ôã¦¾ã ¹ãÆãä¦ã, ããñ ãäã Ôã ºãõã ãñ ã£¾ãàã ´ãÀã authorized representative, certified to be a
¹ãÆ½ãããä¥ã¦ã ããè Öãñ,ãäãÔã½ãò ¹ãÆãä¦ããä¶ããä£ã ããè ãä¶ã¾ãìãä§ã ãã ÔãâãÊ¹ã ¹ãããäÀ¦ã true copy by the chairman of the meeting
at which it was passed, has been deposited
Öõ, ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ ãò³ãè¾ã ãã¾ããÃÊã¾ã (ãä¥¡¾ã¶ã at the Central Office of the Bank (Indian
9
ããñÌãÀÔããèûã ºãöã, ãä¶ãÌãñÍãã Ôãâ¹ããÃ ãàã, Êãñãã ãäÌã¼ããØã, ãò³ãè¾ã Overseas Bank, Investor Relations Cell,
Accounts Department, Central Office, 763,
ãã¾ããÃÊã¾ã, 763 ã¥¥ãã ÔããÊãõ, Þãñ¸ãõ 600 002) ½ãò ºãõã ããè Anna Salai, Chennai 600002) not less than
ãä¶ã¾ã¦ã ¦ããÀãèã Ôãñ ÞããÀ ãäª¶ã ¹ãÖÊãñ ã©ããÃ¦ã ØãìÁÌããÀ ãäª¶ããâã 15 four days before the date fixed for the
ãì Ê ããÃ 2010 ããñ ã¹ãÀãÙ¶ã 5.00 ºããñ ¦ãã ¾ãã ¹ãÖÊãñ meeting i.e., on or before 5.00 pm on
ã½ãã ¶ãÖãé ããè ãã¦ããè Öõý Thursday, 15th July 2010.
3. No officer or employee of the Bank shall
3. ºãöã ãñ ãäãÔããè ¼ããè ããä£ãããÀãè ã©ãÌãã ã½ãÃÞããÀãè ããñ ãäãÔããè ¼ããè be appointed as Authorised Representative
Íãñ¾ãÀ£ããÀã ãñ ¹ãÆããä£ããð¦ã ¹ãÆãä¦ããä¶ããä£ã ã©ãÌãã ¹ãÆãùãÔããè ãñ Â¹ã ½ãò or proxy of a shareholder.
ãä¶ã¾ãì§ã ¶ãÖãé ãäã¾ãã ããØãã ý 4. ATTENDANCE SLIP-CUM-ENTRY PASS :
4. ¹ããäÔ©ããä¦ã ¹ãÞããê ÔãÖ ¹ãÆÌãñÍã ¹ãÞããê For the convenience of the shareholders,
attendance slip-cum-entry pass is annexed
Íãñ¾ãÀ £ããÀããò ããè ÔãìãäÌã£ãã Öñ¦ãì ¹ããäÔ©ããä¦ã ¹ãÞããèÃÔãÖ ¹ãÆÌãñÍã ¹ããÔã Ôã to this notice. Shareholders/proxy holders/
representatives are requested to affix their
ÔãîÞã¶ãã ãñ Ôãã©ã ÔãâÊãØ¶ã Öõý Íãñ¾ãÀ £ããÀããò/¹ãÆãùãÔããè £ããÀããò/ signature at the space provided therein and
¹ãÆãä¦ããä¶ããä£ã¾ããò Ôãñ ã¶ãìÀãñ£ã Öõ ãäã Ìãñ ¹ãÞããê ½ãò ¹ãÆª§ã ãØãÖ ½ãò ã¹ã¶ãñ surrender the same at the venue. Proxy
ÖÔ¦ããàãÀ ãÀò ããõÀ ºãõã ãñ Ô©ãã¶ã ½ãò ã¼¾ããä¹ãÃ¦ã ãÀò ý ¹ãÆãùãÔããè / holders / representatives should state on the
attendance slip-cum-entry pass as proxy or
¹ãÆãä¦ããä¶ããä£ã £ããÀããò ããñ ¹ããäÔ©ããä¦ã ÔãÖ ¹ãÆÌãñÍã ¹ãÞããê ½ãò ¹ãÆãùãÔããè/ representative as the case may be and
¹ãÆãä¦ããä¶ããä£ã £ããÀã, ããñ ¼ããè ÊããØãî Öãñ, ãâãäã¦ã ãÀ ªñ¶ãã Öõ ããõÀ should have proof of their identity by getting
¶ããñ ¹ããÔã ã¹ã¶ããè ¹ãÖÞãã¶ã ãñ ¹ãÆ½ãã¥ã ÔÌãÂ¹ã Íãñ¾ãÀ£ããÀã ´ãÀã their signature attested by the shareholder.
¶ããñ ÖÔ¦ããàãÀ ããä¼ã¹ãÆ½ãããä¥ã¦ã Öãñ¶ãñ ÞãããäÖ ý 5. CLOSURE OF REGISTER OF SHAREHOLDERS :
5. Íãñ¾ãÀ £ããÀããò ããè ÀãäãÔÀ ããñ ºãâª ãÀ¶ãã The Register of Shareholders and Share
Transfer Books of the Bank will remain closed
Êãã¼ããâÍã ãñ ÿñÍ¾ã ãñ ãäÊã ¹ãã¨ã¦ãã ãä¶ã£ããÃãäÀ¦ã ãÀ¶ãñ ãñ ãäÊã from 29.05.2010 (Saturday) to 4.6.2010
(Friday) (both days inclusive) with cut off date
Íãñ¾ãÀ£ããÀããò ããè ÀãäãÔÀ ããõÀ ºãöã ããè Íãñ¾ãÀ ãâ¦ãÀ¥ã ºããäÖ¾ããú as 28.05.2010 for determining eligibility of
28.05.2010 ¦ãã ããè ã ããù¹ã ¦ããÀãèã ÔããäÖ¦ã, 29.05.2010 shareholders for the purpose of dividend.
(Íããä¶ãÌããÀ) Ôãñ 04.06.2010 (ÍãìãÌããÀ) ¦ãã ºãâª ÀÖòØããè (ªãñ¶ããò Dividend shall be mailed within one month
from the date of Annual General Meeting.
ãäª¶ã Ôããä½½ããäÊã¦ã )ý Êãã¼ããâÍã ÌãããäÓãÃã Ôãã½ãã¶¾ã ºãõã ããè ¦ããÀãèã
Ôãñ ã ½ãÖãè¶ãñ ãñ ãâªÀ ¼ãñã ãäª¾ãã ããØããý 6. BANK MANDATE FOR DIVIDEND OR
ELECTRONIC CLEARING SERVICE (ECS) :
6. Êãã¼ããâÍã ãñ ãäÊã ºãöã-ããä£ãªñÍã ¾ãã ÊãñãÈãùãä¶ãã Ôã½ããÍããñ£ã¶ã a) In order to get protection from fraudulent
ÔããäÌãÃÔã (ÔããèÔã) encashment of warrants, shareholders are
requested to furnish their bank account
ã) Êãã¼ããâÍã ÌããÀâãò ãñ £ããñãã£ãü¡ãè¹ãî¥ãÃ ¶ããªãèãÀ¥ã Ôãñ ºãÞã¶ãñ number, the name of the bank and the
branch where they would like to deposit
ãñ ãäÊã Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã ãäã¾ãã ãã¦ãã Öõ ãäã Ìãñ the dividend warrants for encashment.
¶ããªãèãÀ¥ã ãñ ãäÊã Êãã¼ããâÍã ÌããÀâãò ããñ ãäãÔã ºãöã Íãããã These particulars along with the name
½ãò ã½ãã ãÀÌãã¶ãã ÞããÖ¦ãñ Öö, Ôã ºãöã ãã ¶ãã½ã ããõÀ ã¹ã¶ãñ of the shareholder will be printed on the
ãã¦ãñ ããè Ôãâ¾ãã ãã ÊÊãñã ãÀòý ¾ãñ º¾ããñÀñ, Íãñ¾ãÀ£ããÀã cheque portion of the dividend warrants,
so that these warrants cannot be
ãñ ¶ãã½ã ãñ ãÊããÌãã, Êãã¼ããâÍã ÌããÀâ ãñ Þãñã ÌããÊãñ ãäÖÔÔãñ encashed by anyone else. The above
½ãò ½ãìãä³¦ã ãäã ããúØãñ ¦ãããäã ãäãÔããè ã¶¾ã Ì¾ããä§ã ´ãÀã ¶ã mentioned details should be furnished by
ÌããÀâãò ãã ¶ããªãèãÀ¥ã ¶ã ãäã¾ãã ãã Ôããñý ¾ããäª Íãñ¾ãÀ£ããÀã the first / sole shareholder in case of
shareholders holding shares in physical
ãñ ¹ããÔã ¼ããñãä¦ãã Á¹ã ½ãò Íãñ¾ãÀ Öãñ ¦ããñ ¹ã¾ãìÃ§ã º¾ããñÀñ ¹ãÆ©ã½ã/
form, directly to the share transfer agent
ãÊã Íãñ¾ãÀ£ããÀã ´ãÀã Ôããè£ãñ Íãñ¾ãÀ ã¶¦ãÀ¥ã ãò ããñ quoting the Folio No. and the number
ãäª ãã¶ãñ ÞãããäÖ ãäãÔã½ãò ãäã ¹ããñãäÊã¾ããñ Ôãâ¾ãã ã©ãÌãã ¡ãè¹ããè of shares held on or before 05.07.2010.
ãã¡ãè Ôãâ¾ãã Ìãâ ãÊããâ ãã¡ãè Ôãâ¾ãã ããõÀ £ãããäÀ¦ã If shareholders choose not to submit any
modification, the warrants will be printed
Íãñ¾ãÀãò ããè Ôãâ¾ãã 05.07.2010 ¦ãã ¾ãã ¹ãÖÊãñ ªãè ãã¶ããè based on bank mandate earlier received
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ÞãããäÖý ¾ããäª Íãñ¾ãÀ £ããÀã ããñÃ ããÍããñ£ã¶ã ¹ãÆÔ¦ãì¦ã ãÀ¶ãñ by the Registrar or data downloaded from
NSDL / CDSL as on 28.05.2010 for
ãã Þã¾ã¶ã ¶ãÖãé ãÀ¦ãã, ñÔããè ãäÔ©ããä¦ã ½ãò ¡ãè½ãõ Íãñ¾ãÀ £ããÀããò demat shareholders. This is applicable
ãñ ãäÊã 28.05.2010 ããñ ÀãäãÔÈãÀ ´ãÀã ¹ãÆã¹¦ã ¹ãîÌãÃ ½ãò for all shareholders who have not
ºãöã ãñ ½ãñ¶ã¡ñ ã©ãÌãã ¶ãÔã¡ãèÊã / Ôããè¡ãèÔãÊã Ôãñ submitted ECS mandate(s).
¡ã¶ãÊããñ¡ ãäã Øã ããã¡ãò ¹ãÀ ãã£ãããäÀ¦ã ÌããÀâ ½ãìãä³¦ã b) The Bank is also offering the facility of
ãäã¾ãã ããØããý ¾ãÖ Ôã¼ããè Íãñ¾ãÀ £ããÀããò ¹ãÀ ÊããØãî ÖãñØãã ECS Direct Credit for those shareholders
ãäã¶Öãò¶ãñ ÔããèÔã ããä£ãªñÍã ¹ãÆÔ¦ãì¦ã ¶ãÖãé ãäã¾ãã Öõ ý who maintain accounts with IOB branches
residing in specified cities. This facility
ãã) ºãöã ãä¶ããäªÃÓ ÍãÖÀãò ½ãò ÀÖ¶ãñ ÌããÊãñ Íãñ¾ãÀ£ããÀããò ããñ ããããñºããè could be used by the shareholder instead
of the Bank Mandate system for receiving
ãñ Íããããããò ½ãò ãã¦ãã Àã¦ãñ Öö, ãñ ãäÊã ÃÔããèÔã ¹ãÆ¦¾ãàã the credit of dividend. The ECS Option
ã½ãã ÔãìãäÌã£ãã ¹ãÆªã¶ã ãÀ ÀÖã Öõý Êãã¼ããâÍã ã½ãã ãñ ãäÊã Form is annexed to this report.
ºãöã ããä£ãªñÍã ¹ãÆ¥ããÊããè ãñ ºããã Íãñ¾ãÀ£ããÀããò ´ãÀã Ôã Shareholders are required to give details
of their Account numbers (15 digit) and
ÔãìãäÌã£ãã ãã ¹ãÆ¾ããñØã ãäã¾ãã ãã Ôãã¦ãã Öõý Ôã ãäÀ¹ããñÃ ãñ IFS Code No. of their bank branch in
Ôãã©ã ÃÔããèÔã ãäÌããÊ¹ã ¹ãÆãÂ¹ã ÔãâÊãØ¶ã Öõý Íãñ¾ãÀ£ããÀã their ECS Mandate to facilitate the
ã¹ã¶ãñ ãä¶ããäªÃÓ ãã¦ãñ ½ãò Êãã¼ããâÍã ã¶¦ãÀ¥ã ããè ÔãìãäÌã£ãã ãñ transfer of dividend to their designated
ãäÊã ã¹ã¶ãñ Ã Ôããè Ôã ããä£ãªñÍã ½ãò ã¹ã¶ãã ãã¦ãã Ôãâ. (15 account. For selected Centres, payment
through NEFT/NECS will be effected
ãâã) ããõÀ ã¹ã¶ããè ºãöã Íãããã ããè ããÃ ¹ã Ôã ããñ¡ wherever such facility is available.
Ôãâ¾ãã ãã ãäÌãÌãÀ¥ã ªòý ãä¶ããäªÃÓ ãò³ãò ãñ ãäÊã ãÖãú 7. UNCLAIMED DIVIDEND, IF ANY
¶ãÃ¹ããè / ¶ãÃÔããèÔã ÔãìãäÌã£ãã ãÖãù ãÖãé ¼ããè ¹ãÊãº£ã
The shareholders who have not encashed
Öãñ, ¼ãìØã¦ãã¶ã ¶ããñ ûããäÀ ãäã¾ãã ããØããý their Dividend Warrants / received dividend
from previous years viz. 2000-2001 onwards
7. ãªãÌããè Êãã¼ããâÍã, ¾ããäª ããñÃ are requested to contact the Registrar and
Share Transfer Agent of the Bank for issue
ãä¹ãÊãñ ÌãÓããô ãõÔãñ 2000-2001 Ôãñ ãäã¶ã Íãñ¾ãÀ£ããÀããò ¶ãñ ã¹ã¶ãñ of duplicate.
Êãã¼ããâÍã ÌããùÀ¥ ããñ ¶ãÖãé ¼ãì¶ãã¾ãã/ Êãã¼ããâÍã ¶ãÖãé ¹ãÆã¹¦ã ãäã¾ãã Öõ,
Pursuant to the amendment of The Banking
¶ãÔãñ ã¶ãìÀãñ£ã Öõ ãäã Ìãñ ã¶ãìãäÊããä¹ã ããÀãè ãÀ¶ãñ ãñ ãäÊã ÀãäãÔÈãÀ Companies (Acquisition and Transfer of
Ìãâ Íãñ¾ãÀ ã¶¦ãÀ¥ã ãñ¥ Ôãñ Ôãâ¹ããÃ ãÀòý Undertakings) Act, 1970, Section 10 B
provides that the amount of dividend
ºãöãããÀãè ã½¹ã¶ããè (¹ãã½ããò ãã ããä£ãØãÆÖ¥ã Ìãâ ã¶¦ãÀ¥ã) remaining unpaid or unclaimed for a period
ããä£ããä¶ã¾ã½ã, 1970 ããè £ããÀã 10 ºããè ½ãò Öì ÔãâÍããñ£ã¶ã ãñ ã¶ãìÔããÀ of seven years from the date of transfer to
the Unpaid Dividend Account is required to
ãªãÌããè Êãã¼ããâÍã ãã¦ãñ ½ãò ã¶¦ãÀ¥ã ããè ¦ããÀãèã Ôãñ 7 ÌãÓããô ããè be transferred to the Investor Education and
ãÌããä£ã ãñ ãäÊã ¼ãìØã¦ãã¶ã ¶ã ãäã Øã ¾ãã ãªãÌããè ÍãñÓã Êãã¼ããâÍã Protection Fund (IEPF) established by the
ããè Àã½ã ãâ¹ã¶ããè ããä£ããä¶ã¾ã½ã 1956 ããè £ããÀã 205 Ôããè ãñ ã£ããè¶ã Central Govt. under Section 205C of The
ãñ¶³ ÔãÀããÀ ´ãÀã Ô©ãããä¹ã¦ã ãä¶ãÌãñÍãã ãäÍãàãã Ìãâ ÔãâÀàã¥ã ãä¶ããä£ã Companies Act, 1956 and thereafter no
claim for payment shall lie in respect
(ããÃ Ã ¹ããè ¹ã) ½ãò ã¶¦ããäÀ¦ã ãÀ¶ããè Öõ Ìãâ ã¦ã Ôãâª¼ãÃ ½ãò thereof either to the Bank or to the IEPF.
Ôããñ ºããª ¶ã ¦ããñ ºãöã ããõÀ ¶ã Öãè ããÃ Ã ¹ããè ¹ã ããñ For details of date of transfer to unpaid
¼ãìØã¦ãã¶ã ãÀ¶ãñ ãñ ãäÊã ããñÃ ªãÌãã ºã¶ã¦ãã Öõý ãª¦¦ã ¼ãìØã¦ãã¶ã Dividend A/c year-wise, please refer the
Report of the Board of Directors on
ãã¦ãñ ãñ ÌãÓãÃÌããÀ ¦ããÀãèã ã¶¦ãÀ¥ã ãñ ãäÊã Ôã ÌãããäÓãÃã ãäÀ¹ããñÃ Corporate Governance for the year 2009-10
ãñ ¼ããØã ãã (½ãª 9Ã Ôãã½ãã¶¾ã Íãñ¾ãÀ£ããÀã ÔãîÞã¶ãã - ãª¦¦ã Êãã¼ããâÍã) (Pt. 9e - General Shareholder information -
ÌãÓãÃ 2009-10 ãñ ãäÊã ãã¹ããóÀñ ØãÌã¶ãóâÔã ¹ãÀ ãä¶ãªñÍãã ½ãâ¡Êã Unpaid Dividend), forming part of this Annual
ããè ãäÀ¹ããñÃ ãã Ôãâª¼ãÃ Êòãý Report.
8. CHANGE OF ADDRESS AND DIVIDEND
8. ¹ã¦ãñ ½ãò ¹ããäÀÌã¦ãÃ¶ã ããõÀ Êãã¼ããâÍã ããä£ãªñÍã MANDATE :
In case of shareholders holding shares in
ãäã¶ã Íãñ¾ãÀ£ããÀããò ãñ Íãñ¾ãÀ ¼ããõãä¦ãã Â¹ã ½ãò Öö, ¶ã ½ãã½ãÊããñâ ½ãò, physical form, they are requested to intimate
¶ãÔãñ ã¶ãìÀãñ£ã ãäã¾ãã ãã¦ãã Öõ ãäã Ìãñ ã¹ã¶ãñ ¹ã¦ãñ ½ãò ¹ããäÀÌã¦ãÃ¶ã, to the Registrar and Share Transfer Agent of
11
Êãã¼ããâÍã ããä£ãªñÍã ããõÀ ºãöã, Íãããã ããõÀ ºãöã ãã¦ãã Ôãâ¾ãã ãñ the Bank any change in their address,
dividend mandate and the particulars of the
ãäÌãÌãÀ¥ã, ãäãÔãñ Íãñ¾ãÀ£ããÀã Êãã¼ããâÍã ÌããÀâ ¹ãÀ ãäÊÊããäã¦ã ãÀ¶ãã bank, branch and bank account number
ÞããÖ¦ãñ Öö, ¶ã Ôãºã ããè ãã¶ãããÀãè ãäª¶ããâã 05.07.2010 ¦ãã ¾ãã which the shareholder desires to incorporate
¹ãÖÊãñ ãä¶ã½¶ããäÊããäã¦ã ¹ã¦ãñ ¹ãÀ, ÀãäãÔÈãÀ-Ìã-Íãñ¾ãÀ-ãâ¦ãÀ¥ã ãò on the dividend warrant, on or before
ããñ ¼ãñã ªò: 05.07.2010 at the following address:
Cameo Corporate Services Ltd.
ãõãä½ã¾ããñ ããù¹ããóÀñ ÔããäÌãÃÔãñÔã ãäÊã. (IOB unit)
(ããããñºããè-¾ãîãä¶ã ) 1st floor, Subramanian Building,
¹ãÖÊãã ¦ãÊã, ÔãìºãÆ½ããä¥ã¾ã¶ã ãäºããäÊ¡âØã, No. 1, Club House Road, Chennai 600 002
¶ãâ.1 - ãÊãºã ÖãÔã Àãñ¡, Þãñ¶¶ãõ - 600 002 In case of shareholders holding shares in
Electronic form ie. through Demat account,
Íãñ¾ãÀ ÊãñãÈããä¶ãã ¹ãã½ãÃ ã©ããÃ¦ã ¡ãè½ãõ ãã¦ãñ ãñ ½ãã£¾ã½ã Ôãñ they are requested to intimate to their
Àã¶ãñ ÌããÊãñ ããñ Íãñ¾ãÀ£ããÀã, ã¹ã¶ãñ Êãã¼ããâÍã ÌããÀâ ¦¾ãããäª ¹ãÀ depository participant any change in their
address, dividend mandate and the
ã¹ã¶ãñ ¹ã¦ãñ ½ãò Öí ¹ããäÀÌã¦ãÃ¶ã, Êãã¼ããâÍã ããä£ãªñÍã, ºãöã Íãããã ãñ particulars of the bank, branch and bank
º¾ããñÀãò ããõÀ ºãöã ãã¦ãã Ôãâ¾ãã ½ãò ããñÃ ¹ããäÀÌã¦ãÃ¶ã ãÀÌãã¶ãã ÞããÖ¦ãñ account number which the shareholder
Öö, Ìãñ Ôãããè ÔãîÞã¶ãã ã¹ã¶ãñ ãä¡¹ãããäûãÀãè ¹ãÆãä¦ã¼ããØããè ããñ ªñ ªò desires to incorporate on the dividend
ã¾ããòãäã Êãã¼ããâÍã ãã ãäÌã¦ãÀ¥ã ããõÀ Ôããñ ¼ãìØã¦ãã¶ã ãñ ãäÊã ãäª¶ããâã warrant etc., as the aforesaid information
provided by the Depository as on 28.05.2010
28.05.2010 ããñ ãä¡¹ãããäûãÀãè ´ãÀã ¹ãÊãº£ã ãÀÌããÃ ØãÃ ¹ã¾ãÃì§ã would only be considered for the purpose
ãã¶ãããÀãè ¹ãÀ Öãè ãäÌãÞããÀ ãäã¾ãã ããØãã ý of payment and distribution of dividend.
9. ¹ããñãäÊã¾ããñ ãã Ôã½ãñã¶ã 9. CONSOLIDATION OF FOLIOS :

It has been found that many shareholders
¾ãÖ ¹ãã¾ãã Øã¾ãã Öõ ãäã ãÃ Íãñ¾ãÀ£ããÀã ã Ôãñ ããä£ãã ¹ããñãäÊã¾ããñ maintain more than one folio (ie.) multiple
¾ãã¶ããè ãäÌããäÌã£ã ¹ããñãäÊã¾ããñ Àã¦ãñ Öö ý Íãñ¾ãÀ£ããÀããò ããñ ãìÍãÊã ÔãñÌãã folios. In order to provide efficient service,
¹ãÆªã¶ã ãÀ¶ãñ ¦ã©ãã ñÔãñ ¹ããñãäÊã¾ããñ ãã Ôã½ãñã¶ã ãÀ¶ãñ Öñ¦ãì, Ö½ã we request the shareholders to consolidate
Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã ãÀ¦ãñ Öö ãäã Ìãñ ¹ããñãäÊã¾ããñ ãã Ôã½ãñã¶ã the folios by forwarding their share certificates
to Registrar and Share Transfer Agents for
ãÀò ããõÀ Íãñ¾ãÀ ¹ãÆ½ãã¥ã-¹ã¨ã ããñ ¹ãâããè¾ãã ããõÀ Íãñ¾ãÀ ãâ¦ãÀ¥ã necessary corrections in their records.
ãñ¥ ããñ ¹ãâããè¾ãã ãñ ãäÀãã¡ãô ½ãò ããÌãÍ¾ãã Ôãì£ããÀ Öñ¦ãì ¼ãñãò ý
10. BRIEF PROFILE OF DIRECTORS :
10. ãä¶ãªñÍãããò ãñ Ôãâãäàã¹¦ã ãäÌãÌãÀ¥ã As required under the revised Clause 49 IV
G of the Listing Agreement executed with
Ôãùã ãÔãÞãòããò ãñ Ôãã©ã ãä¶ãÓ¹ãããäª¦ã ãäÊããäÔâØã ãÀãÀ ãñ ¹ããäÀÍããñãä£ã¦ã the Stock Exchanges, brief profile of Directors
ã¥¡ 49 IV ããè ãñ ¦ãÖ¦ã ã¹ãñãäàã¦ãã¶ãìÔããÀ ãã¹ããóÀñ ØãÌã¶ã÷¶Ôã ¹ãÀ are given in the Report on Corporate
ãäÀ¹ããñÃ ½ãò ãä¶ãªñÍãããò ãñ Ôãâãäàã¹¦ã ãäÌãÌãÀ¥ã ãäª Øã Öö ý Governance.
11. REQUEST TO SHAREHOLDERS :
11. Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã
(a) Shareholders are requested to bring their
(ã) Íãñ¾ãÀ£ããÀããò Ôãñ ã¶ãìÀãñ£ã Öõ ãäã Ìãñ ÔãâÊãØ¶ã ÌãããäÓãÃã ãäÀ¹ããñÃ copies of the Annual Report enclosed
ããè ã¹ã¶ããè ¹ãÆãä¦ã¾ããú Ôãã©ã Êãñ¦ãñ ããúý herewith.
(ã) Íãñ¾ãÀ£ããÀã ãð¹ã¾ãã ¶ããñ ãÀò ãäã ºãõã-Ô©ãÊã ½ãò ãäãÔããè (b) Shareholders may kindly note that no
¦ãÀÖ ãñ ¹ãÖãÀ/ãî¹ã¶ã ãäÌã¦ããäÀ¦ã ¶ãÖãé ãäã ããúØãñý gifts / coupons will be distributed at the
venue of the meeting.
ãä¶ãªñÍãã ½ãâ¡Êã ãñ ããªñÍãã¶ãìÔããÀ BY ORDER OF BOARD OF DIRECTORS
Þãñ¶¶ãõ (Ôãû û ¼ã) Chennai (S A BHAT)

29.05.2010 ã£¾ãàã Ìãâ ¹ãÆºãâ£ã ãä¶ãªñÍãã 29.05.2010 Chairman and Managing Director
12
ã ¶ãûãÀ ½ãò AT A GLANCE
Á. ãÀãñü¡ãò ½ãò Rs.in crore
½ããÞãÃ 2010 ½ããÞãÃ 2009

March 2010 March 2009
ÔããÌãÃ¼ããõãä½ãã ã½ãã-ÀããäÍã¾ããú
Global Deposits 1,10,795 1,00,116
ªñÍããè¾ã ã½ãã-ÀããäÍã¾ããú
Domestic Deposits 1,05,434 95,434
ÔããÌãÃ¼ããõãä½ãã ÔããÊã ããäØãÆ½ã

Global Gross Advances 80,782 75,810
ªñÍããè¾ã ÔããÊã ããäØãÆ½ã

Domestic Gross Advances 73,026 68,479
¹ãÆã©ããä½ãã¦ãã àãñ¨ã ããäØãÆ½ã

Priority Sector Advances 27,237 24,294
ãðãäÓã £ããÀ
Agricultural Credit 12,597 10,817
ÔããÊã Êãã¼ã
Gross Profit 1,845 2,524
ãä¶ãÌãÊã Êãã¼ã
Net Profit 707 1,326
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ãä¶ãªñÍãããò ããè ãäÀ¹ããñÃ 2009-10 DIRECTORS REPORT 2009-10
The Board of Directors have great pleasure in
31 ½ããÞãÃ 2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ ãä Ê ã Êãñ ãã ¹ãÀãè ã ä à ã¦ã ¦ãì Ê ã¶ã-¹ã¨ã presenting the Annual Report together with audited
ããõÀ Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ãñ Ôãã©ã Ôãã©ã ºãöã ããè ÌãããäÓãÃã ãäÀ¹ããñÃ ¹ãÆÔ¦ãì¦ã Balance Sheet and Profit and Loss Account of the
ãÀ¦ãñ Öì ãä¶ãªñÍãã ½ã¥¡Êã ããñ ÖÓãÃ ãã ã¶ãì¼ãÌã Öãñ ÀÖã Öõý Bank for the year ended March 31, 2010.
ÌãÓãÃ 2009-10 ãñ ªãõ À ã¶ã ºãö ã ãñ ãä ¶ ãÓ¹ããª¶ã ããñ ãããä © ãÃ ã ½ãâ ª ãè ãñ During 2009-10, the Banks performance is to be
¹ããäÀ¹ãÆñà¾ã ½ãò ªñãã ãã¶ãã Öõý ºãöã ããè ¹ãÆØããä¦ã Ôãâ¦ãìãäÊã¦ã ÀÖãè ããõÀ ããÀãñºããÀ viewed in the backdrop of economic slow down. The
Bank has grown in a balanced manner and crossed
Á.1,90,000 ãÀãñ ü ¡ ããñ ¹ããÀ ãÀ Øã¾ããý ÌãÓãÃ ãñ ªãõ À ã¶ã ºãö ã ¶ãñ the business level of Rs.1,90,000 crore mark. The
ããä£ãã ÊããØã¦ã ããè ã½ããããò ããñ ãã¶ã¹ãîÌãÃã ¦ãã¶ãñ, ÔããØã £ããÀ ãäÌãÔ¦ããÀ¥ã Bank has focused its attention in consciously
ããõÀ ¶ã¹ããè ããè ÌãÔãîÊããè ¹ãÀ £¾ãã¶ã ãòãä³¦ã ãäã¾ããý shedding high cost deposits, cautious credit
expansion and NPA Recovery during the year.
ÌãõãäÍÌãã Ì¾ãÌãÔãã¾ã ãä¶ãÓ¹ããª¶ã
Global Business Performance
ºãöã ããè ÔããÌãÃ¼ããõãä½ãã ã½ããú ããñ ½ããÞãÃ 2008-09 ½ãò Á. 1,00,116
The Banks global deposits went up from
ãÀãñ ü ¡ ©ããè , ÌãÖ ½ããÞãÃ 2009-10 ½ãò 10.67 ¹ãÆ ã ä ¦ ãÍã¦ã ºãü ¤ ãÀ Á. Rs. 1,00,116 crore in 2008-09 to Rs.1,10,795 crore
1,10,795 ãÀãñü¡ ¦ãã Öãñ ØãÄý ÔããÌãÃ¼ããõãä½ãã ÔããÊã ããäØãÆ½ã Á. 75,810 in 2009-10 by 10.67 %. Global gross advances
ãÀãñü¡ Ôãñ 6.56 ¹ãÆãä¦ãÍã¦ã ºãü¤ãÀ Á.80,782 ãÀãñü¡ ¦ãã Öãñ Øãý ãìÊã expanded from Rs. 75,810 crore to Rs. 80,782 crore
ããÀãñºããÀ Á.1,91,577 ãÀãñü¡ ¦ãã ºãü¤ã (8.90 ¹ãÆãä¦ãÍã¦ã ããè Ìãðãä® )ý at 6.56 %. Total business reached Rs. 1,91,577 crore
(growth at 8.90 %).
ãäÌãªñÍããè Íããããú
Overseas Branches
ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ¶ãñ ªìºãÃ ½ãò ¹ãÆãä¦ããä¶ããä£ã ãã¾ããÃÊã¾ã ããñÊãã ããñ ¹ãÀÌãÀãè During the year the Bank has opened Representative
2010 Ôãñ ¹ãî ¥ ãÃ ¦ ã: ¹ããä À ÞããÊã¶ããè ¾ ã Öãñ Øã¾ãã Öõ ý ½ãÊãñ ã ä Í ã¾ãã ½ãò ºãö ã ä ãâ Øã Office at Dubai and the Office has become fully
ã¶ãì Ó ãâ Ø ããè ãã¾ããÃ Ê ã¾ã ããñ Ê ã¶ãñ Öñ ¦ ãì ºãö ã ãã¹ã ºã¡ãõ ª ã Ìã ããâ £ ãÆ ã ºãö ã ãñ operational from February 2010. The Bank signed
Ôãã©ã ºãöã ¶ãñ Ôãâ¾ãìã¦ã ²ã½ã ¹ãÀ ÖÔ¦ããàãÀ ãäãý ã¶ãìÓãâØããè ãã¾ããÃÊã¾ã ¶ãñ the joint venture with Bank of Baroda and Andhra
½ãÊãñãäÍã¾ãã ãñ ãò³ãè¾ã ºãöã, ºãöã ¶ãñØããÀã Ôãñ ÊããÔãòÔã ãñ ãäÊã ããÌãñãäª¦ã Bank to open a Banking subsidiary in Malaysia. The
subsidiary has applied for license from Bank Negara,
ãäã¾ãã Öõý the central bank of Malaysia.
½ããÞãÃ 2010 ããè Ôã½ãããä¹¦ã ¦ãã ºãöã ãñ ãäÌãªñÍã ½ãò 13 ÔãâÔ©ãã¹ã¶ã ÀÖñ, As at the end of March 2010, the Bank had 13
ãäã¶ã½ãò Ôãñ Ö ¹ãî¥ãÃ Íããããú, ( ÖãâØã ããâØã ½ãò ªãñ ããõÀ ãäÔãâØãã¹ãìÀ, ªãäàã¥ã establishments abroad, comprising 6 full-fledged
ããñãäÀ¾ãã, ÑããèÊãâãã ããõÀ ºãöããùã ½ãò ã - ã Íãããã) ÞããÀ ¹ãÆãä¦ããä¶ããä£ã branches (two branches in Hongkong and one each
at Singapore, South Korea, Sri Lanka and Bangkok)
ãã¾ããÃÊã¾ã Öö (ØãìããâØãûãã-Þããè¶ã, ãìããÊããÊãâ¹ãìÀ-½ãÊãñãäÍã¾ãã,Öãñ Þããè ãä½ã¶ã 4 Representative offices (Guangzhou-China, Kuala
ãäÔããè-ãäÌã¾ã¦ã¶ãã½ã ããõÀ ãÊã ãÀ½ãã-ªìºãÃ), ªãñ ãäÌã¹ãÆñÓã¥ã ãò³ Öö (ºãî¶ã Êãñ Lumpur-Malaysia, Ho Chi Minh City-Vietnam and Al
ããõÀ ÔãñÀòØãî¶ã, ãäÔãâØãã¹ãìÀ ) ããõÀ ÑããèÊãâãã ½ãò ã ¹ãÍãããã Öõý karama-Dubai), 2 Remittance Centres (Boonlay and
Serangoon, Singapore) and 1 Extension counter in
ãäÌã¦¦ããè¾ã ãä¶ãÓ¹ããª¶ã Sri Lanka.
ºããããÀ ½ãò ½ãâªãè ãñ ÞãÊã¦ãñ ã½ã ÈñãÀãè Êãã¼ããò ããõÀ ¹ãòÍã¶ã, ØãÆõÞ¾ãìãè ããõÀ Financial Performance
Ìã¦ãÃ½ãã¶ã Ìãñ¦ã¶ã ãä¶ã¹ãã¶ã Ôã½ã¢ããõ¦ãã ¹ãÆãäã¾ãã ãñ ¹ããÍÌãÃ ½ãò ºãöã ãñ ã½ãÃÞãããäÀ¾ããò Global operating profit of the Bank was at
Ôãñ Ôãâºãâãä£ã¦ã Ìãñ¦ã¶ã ¹ããäÀÍããñ£ã¶ã ãñ ãäÊã ºãü¤ãè ÖìÃ ªñ¾ã¦ãã ãñ ããÀ¥ã ÌãÓãÃ Rs.1,845 crore in 2009-10 as against Rs.2,524 crore
2009-10 ½ãò ºãö ã ¶ãñ ÔããÌãÃ ¼ ããõ ã ä ½ ãã ¹ããä À ÞããÊã¶ã Êãã¼ã ½ãò Á. 2,524 mainly due to lower treasury gains in the subdued
ãÀãñü¡ ãñ ½ãìããºãÊãñ Á.1,845 ãÀãñü¡ Êãã¼ã ããäãÃ¦ã ãäã¾ãã Öõý market condition and increased liability for Pension,
Gratuity and wage revision relating to employees of
¹ãÆãÌã£ãã¶ã the Bank in the backdrop of ongoing wage settlement
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ããÀãè ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºãöã ¶ãñ Á.1,138 negotiation process.
ãÀãñü¡ ãã ãìÊã ¹ãÆãÌã£ãã¶ã ãäã¾ãã Ööý Provisions
The Bank has made a total provision of
ãä¶ãÌãÊã Êãã¼ã / Êãã¼ããâÍã Rs.1,138 crore in keeping with the guidelines issued
¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ¹ãìÀã¶ããè ã¶ããÃã ãããäÔ¦ã¾ããò by the RBI.
ãñ ãäÊã Ìãðãä®¦ã ¹ãÆãÌã£ãã¶ããò ããõÀ ã½ã ¹ããäÀÞããÊã¶ãØã¦ã Êãã¼ã ãñ ããÀ¥ã ÌãÓãÃ Net Profit \ Dividend
2008-09 ½ãò Á.1,326 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò ÌãÓãÃ 2009-10 ãñ ãäÊã Net profit of the Bank was at Rs.707 crore for
ºãö ã ãã ãä ¶ ãÌãÊã Êãã¼ã Áû 707 ãÀãñ ü ¡ ÀÖãý ãä ¹ ãÊãñ ÌãÓãÃ ¹ãÆ ª ¦¦ã 45 2009-10 as against Rs.1,326 crore in 2008-09 due
¹ãÆãä¦ãÍã¦ã ãñ Êãã¼ããâÍã ããè ¦ãìÊã¶ãã ½ãò ÌãÓãÃ 2009-10 ãñ ãäÊã 35% ãã to lower operating profit and increased provision for
Êãã¼ããâÍã ¹ãÆÔ¦ãããäÌã¦ã ãäã¾ãã Øã¾ãã Öõý ageing Non Performing Assets as per RBI guidelines.
Dividend for the year 2009-10 is proposed at 35 %
as against 45% paid last year.
14
ãã¾ã Ìã Ì¾ã¾ã ãäÌãÍÊãñÓã¥ã Income and Expenditure Analysis
ºãö ã ããè ãì Êã ãã¾ã ÌãÓãÃ 2008-09 ½ãò Á. 11,237 ãÀãñ ü ¡ Ôãñ ÌãÓãÃ The total income increased to Rs. 11,389 crore in
2009-10 compared to Rs.11,237 crore in 2008-09,
2009-10 ½ãò 1.35% ããè ¶¾ãî ¶ ã¦ã½ã Ìãð ã ä ® ãñ Ôãã©ã ¾ãÖ ºãü ¤ ãÀ with a marginal growth of 1.35% on account of
Á.11,389 ãÀãñ ü ¡ Öì Ã ý Ôããã ¹ãÆ ½ ãì ã ããÀ¥ã ÀÖã È ñ ãÀãè ãã¾ã ½ãò reduction in treasury income by Rs.345 crore over
ãä¹ãÊãñ ÌãÓãÃ ããè ¦ãìÊã¶ãã ½ãò Á.345 ãÀãñü¡ ããè ã½ããè ããõÀ ÔããÌãÃ¼ããõãä½ãã last year and lower growth in credit due to global
ãããä © ãÃ ã ½ãâ ª ãè ãñ ããÀ¥ã £ããÀ ½ãò ã½ã ¹ãÆ Ø ããä ¦ ãý ãì Êã º¾ããã ãã¾ã ½ãò economic recession. The total interest income
6.28 ¹ãÆãä¦ãÍã¦ã ºã¤ãñ¦¦ãÀãè ÖìÃ ããñ ÌãÓãÃ 2008-09 ½ãò Á. 9,641 ãÀãñü¡ increased to Rs. 10,246 crore in 2009-10 from
Rs.9,641 crore in 2008-09 at 6.28%. Interest income
ÀÖãè , ÌãÖ ºãü ¤ ãÀ ÌãÓãÃ 2009-10 ½ãò Á.10,246 ãÀãñ ü ¡ Öãñ ØãÃ ý on Advances increased to Rs. 7660 crore compared
ããäØãÆ½ããò ¹ãÀ ¹ãÆã¹¦ã º¾ããã ãä¹ãÊãñ ÌãÓãÃ ãñ Á.7,660 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò to Rs.7,290 crore in the last year. Interest received
Á.7422 ãÀãñ ü ¡ ¦ãã ºã¤ãý 1 ãì Ê ããÃ 2009 Ôãñ ¹ãÆ ¼ ããÌããè 50 ãã£ããÀ on advances impacted by decline in domestic yield
ãâããò ¹ãÀ ºãòÞã ½ãããÃ ½ãîÊã £ããÀ ªÀ ½ãò ã£ããñ½ãìããè ¹ããäÀÍããñ£ã¶ã ãñ ããÀ¥ã on advances to 10.44 % in 2009-10 from 11.13% in
ããäØãÆ½ããò ¹ãÀ ªñÍããè ¹ãÆãä¦ãÊãã¼ã ÌãÓãÃ 2008-09 ãñ 11.13 ¹ãÆãä¦ãÍã¦ã ããè 2008-09 on account of downward revision in Bench
Mark Prime Lending Rate by 50 basis points effective
¦ãìÊã¶ãã ½ãò ÜããÀ ÌãÓãÃ 2009-10 ½ãò 10.44 ¹ãÆãä¦ãÍã¦ã Öãñ Øã¾ãã, ãäãÔããñ from July 1, 2009.
ããÀ¥ã Ôããã ¹ãÆ ¼ ããÌã ããä Ø ãÆ ½ ããò ¹ãÀ ¹ãÆ ã ¹¦ã º¾ããã ¹ãÀ ã£ããñ ½ ãì ããè ¹ãÆ ¼ ããÌã
¹ãü ¡ ãý The commission and exchange earnings stood at
Rs. 578 crore against Rs.594 crore last year. Profit
ã½ããè Í ã¶ã Ìãâ ãä Ì ããä ¶ ã½ã¾ã ããÃ ¶ ã ãä ¹ ãÊãñ ÌãÓãÃ ãñ Á. 594 ãÀãñ ü ¡ ããè on exchange was at Rs. 127crore as compared to
¦ãìÊã¶ãã ½ãò Ôã ÌãÓãÃ Á.578 ãÀãñü¡ ÀÖãý ½ãì³ã ºããããÀ ½ãò ¦ããÀ-Þãü¤ãÌã ãñ Rs.157 crore due to volatility in the currency market.
The profit on sale of investments was lower at
ããÀ¥ã ãäÌããä¶ã½ã¾ã ¹ãÀ Êãã¼ã Á. 157 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò Á.127 ãÀãñü¡ Rs. 292 crore against Rs. 637 crore last year in the
ÀÖãý ½ãâª ºããããÀ ½ãò ãä¹ãÊãñ ÌãÓãÃ ãä¶ãÌãñÍããò ããè ãäºãããè ¹ãÀ Êãã¼ã ãñ Á. 637 subdued market.
ãÀãñü¡ ãñ ½ãìããºãÊãñ Ôã ÌãÓãÃ Á.292 ãÀãñü¡ ÀÖãý
The increase in interest expenditure was significantly
ÌãÓãÃ ãñ ªãõÀã¶ã ªñÍããè ÔããÌããä£ã ã½ããããò ¹ãÀ ÊãØãã¦ããÀ º¾ããã ªÀ ¹ãì¶ããä¶ãÃ¾ã¦ã¶ã brought down to 4.52 % in 2009-10 from 28.04 % in
Ìã ãã¡Ã-¹ÊãÔã ã½ããããò ½ãò ã½ããè Êãã¶ãñ Ôãñ ÌãÓãÃ 2008-09 ½ãò ºã¤¦ãñ º¾ããã 2008-09, due to conscious shedding of card-plus
deposits and successive interest rate realignment on
Ì¾ã¾ã ããñ 28.04 ¹ãÆãä¦ãÍã¦ã Ôãñ ÌãÓãÃ 2009-10 ½ãò 4.52 ¹ãÆãä¦ãÍã¦ã ¦ãã domestic term deposits during the year. Card- plus
ã½ã ãÀ ãäª¾ãã Øã¾ããý ãìÊã ªñÍããè ã½ããããò ããè ¹ãÆãä¦ãÍã¦ã¦ãã ããè ¦ãìÊã¶ãã ½ãò deposits as percentage to total domestic deposits
ãã¡Ã ãã£ãããä À ¦ã ã½ããããò ããñ ½ããÞãÃ 2009 ãñ 14.10 ¹ãÆ ã ä ¦ ãÍã¦ã ããè significantly came down to 3.82 % at the end of
¦ãìÊã¶ãã ½ãò ½ããÞãÃ 2010 ããè Ôã½ãããä¹¦ã ¦ãã 3.82 ¹ãÆãä¦ãÍã¦ã ¦ãã ã½ã ãäã¾ãã March 2010 compared to 14.10% in March 2009.
Øã¾ããý ¹ããäÀ¥ãã½ãÔÌãÂ¹ã ªñÍããè ã½ããããò ããè ÊããØã¦ã ½ãò ÌãÓãÃ 2008-09 ãñ As a result, the domestic cost of deposits declined
by 51 basis points from 6.87% in 2008-09 to 6.36%
6.87 ¹ãÆãä¦ãÍã¦ã Ôãñ 50 ãã£ããÀ ãâã ¹ãÀ ã½ããè ªãÃ ãÀ¦ãñ Öì ÌãÓãÃ 2009- in 2009-10.
10 ½ãò 6.36 ¹ãÆãä¦ãÍã¦ã ¦ãã Êãã ãäÊã¾ãã Øã¾ããý
Total operating expenses increased to Rs.2,466 crore
²ããñØã Ô¦ãÀ ¹ãÀ ¹ãòÍã¶ã, ØãÆõÞ¾ãìãè ããõÀ Ìã¦ãÃ½ãã¶ã Ìãñ¦ã¶ã ãä¶ã¹ãã¶ã Ôã½ã¢ããõ¦ãã compared to Rs.1,942 crore last year due to increased
¹ãÆãäã¾ãã ãñ ÞãÊã¦ãñ Ìãñ¦ã¶ã ¹ããäÀÍããñ£ã¶ã ãñ ãäÊã ºãü¤ñ ¹ãÆãÌã£ãã¶ããò ãñ ããÀ¥ã provision for pension, gratuity and wage revision
which is under negotiation at the industry level. The
ãìÊã ¹ããäÀÞããÊã¶ãØã¦ã Ì¾ã¾ã ãä¹ãÊãñ ÌãÓãÃ ãñ Á.1,942 ãÀãñü¡ ããè ¦ãìÊã¶ãã non-staff expenditure increased to Rs.731 crore from
½ãò Á.2,466 ãÀãñü¡ ¦ãã ºãü¤ Øã ý ÌãÓãÃ ãñ ªãõÀã¶ã ããä£ãã ½ãîÊ¾ãÖÆãÔã, Rs. 670 crore mainly due to higher depreciation, rent
ãäãÀã¾ãã ããõÀ ãÀãò ãñ ããÀ¥ã ØãõÀ-Ôã¹ã Ì¾ã¾ã Á.670 ãÀãñü¡ Ôãñ Á.731 and taxes during the year. Net Interest Income
ãÀãñü¡ ¦ãã ºã¤ Øã¾ããý ÌãÓãÃ 2009-10 ½ãò ãä¶ãÌãÊã º¾ããã ãã¾ã Á.3,168 increased to Rs. 3,168 crore in 2009-10 with a growth
ãÀãñü¡ ¦ãã ºã¤ ØãÃ ããñ 10.39 ¹ãÆãä¦ãÍã¦ã ããè Ìãðãä® Öõý ºããããÀ ãñ Áã of 10.39 %. Consequently Net Interest Margin was
lower at 2.74% as against 2.84% in last year mainly
ãñ ã¶ãì Ô ããÀ ºãò Þ ã ½ãããÃ ½ãî Ê ã £ããÀ ªÀ ½ãò ã£ããñ ½ ãì ããè ¹ããä À Íããñ £ ã¶ã ãñ due to downward revision in Bench Mark Prime
ããÀ¥ã ãä¶ãÌãÊã º¾ããã ½ãããäãÃ¶ã ãä¹ãÊãñ ÌãÓãÃ 2.84 ¹ãÆãä¦ãÍã¦ã ããè ¦ãìÊã¶ãã ½ãò Lending rate in line with the market. Hence the Banks
2.74 ¹ãÆ ã ä ¦ ãÍã¦ã ã½ã ÀÖã ý ã¦ã: ºãö ã ãã ¹ããä À ÞããÊã¶ãØã¦ã Êãã¼ã ÌãÓãÃ operating profit stood at Rs.1,845 crore for 2009-10
2008-09 ãñ Á.2,524 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò Á.1,845 ãÀãñü¡ ÀÖãý as against Rs.2,524 crore in 2008-09.
¹ãîúããè ¹ã¾ããÃ¹¦ã¦ãã ã¶ãì¹ãã¦ã Capital Adequacy Ratio

The capital adequacy ratio of the Bank improved
ºãõÔãÊã II ½ãã¶ãªâ¡ãò ãñ ã¶ãìÔããÀ ºãöã ãã ¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã ã¶ãì¹ãã¦ã ½ããÞãÃ from 13.20% as at the end of March 2009 to 14.78%
2009 ãñ ãâ¦ã ¦ãã ãñ 13.20% Ôãñ ºãü¤ãÀ ½ããÞãÃ 2010 ãñ ãâ¦ã ¦ãã as at the end of March 2010 as per the Basel II
14.78% Öãñ Øã¾ããý norms.
Íãããã ¶ãñÌããÃ Branch Network
½ããÞãÃ 2010 ãñ ãâ ¦ ã ¦ãã ºãö ã ¶ãñ 65 ¶ãÃ Íããããú ããñ Ê ããé ¦ã©ãã 20 The Bank opened 65 new branches and upgraded
20 extension counters into full-fledged branches in
¹ãÍããããããò ãã ¹ãî¥ãÃ Íããããããò ½ãò ¸ã¾ã¶ã ãäã¾ããý ãäÀ¹ããñãäÄØã ãÌããä£ã ããè the year ended March 2010. Total domestic branch
Ôã½ãããä ¹ ¦ã ¦ãã ªñ Í ããè Íããããããò ãã ¶ãñ ÌããÃ 2,002 ¦ãã ¹ãÖì ú Þ ã Øã¾ããý network reached 2,002 as at the end of the reporting
ã¶ãÔãâ¾ãã Ôã½ãîÖ-ÌããÀ ºãÆñãã¹ã ãñ ãã£ããÀ ¹ãÀ ãìÊã Íããããããò ½ãò Ôãñ 589 year. As regards population group wise break-up,
15
ØãÆ ã ½ããè ¥ ã Íããããú , ããñ ãì Ê ã Íããããããò ãã 29.4% Öõ , 520 ã£ãÃ - rural branches numbered 589 accounting for 29.4%
ÍãÖÀãè (26%)è, 492 ÍãÖÀãè (24.6%) ããõÀ 401 ½ãÖã¶ãØãÀãè¾ã Íããããú of the total branches, semi-urban 520(26%), urban
492(24.6%) and metropolitan 401(20%).
(20%) Öö ý
Customer Service
ØãÆãÖã ÔãñÌãã
The Bank has adopted the Code of Commitment to
ºãö ã ¶ãñ ã¹ã¶ãñ ØãÆ ã Öããò ãñ ãä Ê ã ºãö ã ä ãâ Øã ããñ ¡ Ìã ½ãã¶ãã ºããñ ¡ Ã ããù ¹ ã Banks Customers as drafted by Banking Codes and
ãä ¥ ¡¾ãã (ºããè Ô ããè Ôãºããè ãã) ´ãÀã ¡È ã ¹ã ãä ã Øã ããñ ¡ ããñ ã¹ã¶ãã¾ãã Standards Board of India (BCSBI). The Code has
Öõý ãØãÔ¦ã 2009 ãñ ªãõÀã¶ã ããñ¡ ãã ¹ããäÀÍããñ£ã¶ã ãäã¾ãã Øã¾ããý ØãÆãÖã been revised during August 2009. As part of customer
education Information to Customers Booklet is made
ãäÍãàãã ãñ ¼ããØã ãñ Â¹ã ½ãò ØãÆãÖããò ããñ ãã¶ãããÀãè ¹ãìãäÔ¦ããã Ôã¼ããè Íããããããò available at all branches. Customer Fortnight was
½ãò ¹ãÊãº£ã ãÀÌãã¾ããè Øã¾ããèý ½ãÃ 2009 ½ãò Þã¾ããä¶ã¦ã Íããããããò ½ãò ããõÀ observed in select branches in May 2009 and in all
¶ãÌãâ º ãÀ 2009 ãñ ªãõ À ã¶ã Ôã¼ããè Íããããããò ½ãò ØãÆ ã Öã ¹ããÌãã¡ã ½ã¶ãã¾ãã branches during November 2009.
Øã¾ããý During the year, incorporating certain provisions of
Ôã ÌãÓãÃ ãñ ªãõÀã¶ã ¾ãîÔã¡ãè Þãñã ÌãÔãîÊããè ¶ããèãä¦ã, ØãÆãÖã ÔãñÌãã Ôãñ Ôãâºãâãä£ã¦ã USD Cheque Collection Policy, the Compensation
Policy document related to customer service was
ÀãÖ¦ã ¶ããèãä¦ã ªÔ¦ããÌãñûã ãñ ãì ¹ãÆãÌã£ãã¶ããò ½ãò ÔãâÍããñ£ã¶ã ãäã¾ãã Øã¾ããý amended.
¹ãÆã¹¦ã ØãÆãÖã ãäÍããã¾ã¦ããò ããõÀ ãäã Øã ãä¶ãÌããÀ¥ããò ãñ ãäÌãÌãÀ¥ã ãä¶ã½¶ããâãäã¦ã The details of customer complaints received and
Öö : redressed are given below.
ã ÌãÓãÃ ãñ ¹ãÆãÀâ¼ã ½ãò Êãâãäºã¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã - 47 a. Pending at the beginning of the year - 47
ã ÌãÓãÃ ãñ ªãõÀã¶ã ¹ãÆã¹¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã - 1,291 b. Received during the year - 1291
Øã ÌãÓãÃ ãñ ªãõÀã¶ã ãäã¶ã ãäÍããã¾ã¦ããò ãã ãä¶ãÌããÀ¥ã c. Redressed during the year - 1280
ãäã¾ãã Øã¾ãã ¶ãããè Ôãâ¾ãã - 1,280 d. Pending at the end of the year - 58
Üã ÌãÓãÃ ãñ ãâ¦ã ½ãò Êãâãäºã¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã - 58 During the year 2009-10, 1338 complaints were
ºãÓãÃ 2009-10 ãñ ªãõÀã¶ã, 1338 ãäÍããã¾ã¦ãñâ Ôãâ¼ããÊããè ØãÃ (ãä¹ãÊãñ ÌãÓãÃ handled (including the complaints carried over from
the earlier year) of which 1280 complaints were
ããè ãäÍããã¾ã¦ãñâ ¼ããè Íããä½ãÊã Öõñâ) ãäãÔã½ãò 1280 ãäÍããã¾ã¦ããò ãã ãä¶ã¹ãã¶ã resolved. The redressal rate was 95.67 % .
ãä ã¾ãã Øã¾ããý ãä ¶ ã¹ãã¶ã ªÀ 95.67%ý
Number of awards passed by the Banking
ºãö ã ä ãâ Øã Êããñ ã¹ããÊã ´ãÀã ãä ª Øã ãä ¶ ã¥ãÃ ¾ ããò ããè Ôãâ ¾ãã ããõ À ºãö ã ´ãÀã Ombudsman and implemented by the Bank are as
ãã¾ããÃãä¶Ìã¦ã ãäã Øã ãä¶ã¥ãÃ¾ããò ããè Ôãâ¾ãã ãñ ãäÌãÌãÀ¥ã ãä¶ã½¶ãÌã¦ã Öõ : follows.
a. Unimplemented awards at the beginning of the year - 2
ã ÌãÓãÃ ãñ ¹ãÆãÀâ¼ã ½ãò ãã¾ããÃãä¶Ìã¦ã ¶ã ãäã Øã ãä¶ã¥ãÃ¾ããò ããè Ôãâ¾ãã -2
b. Awards passed by Banking Ombudsman during the year - 1
ã ÌãÓãÃ ãñ ªãõÀã¶ã ºãöãäãâØã Êããñã¹ããÊã ´ãÀã ¹ãããäÀ¦ã ãä¶ã¥ãÃ¾ããò ããè Ôãâ¾ãã -1
Øã ÌãÓãÃ ãñ ªãõÀã¶ã ãã¾ããÃãä¶Ìã¦ã ãä¶ã¥ãÃ¾ããò ããè Ôãâ¾ãã -1 c. Awards implemented during the year - 1
Üã ÞÞã ¶¾ãã¾ããÊã¾ã ½ãò ã¶ãì½ã¦ã ãä¶ã¥ãÃ¾ããò ãñ ¹ãÆãä¦ã ããè Øã¾ããè ã¹ããèÊããò ããè Ôãâ¾ãã - 1 d. Appeal against the awards allowed in the High Cour t - 1
Þã ÌãÓãÃ ãñ ãâ¦ã ½ãò ãã¾ããÃãä¶Ìã¦ã ¶ã ãäã Øã ãä¶ã¥ãÃ¾ããò ããè Ôãâ¾ãã - 1 e. Unimplemented awards at the end of the year - 1
ÌãÓãÃ ãñ ªãõÀã¶ã ØãÆãÖã ÔãñÌãã ãò³, Þãñ¸ãõ ¶ãØãÀ ãäãÔããñ ãäÊã ºãöã Þãñ¸ãõ ¶ãØãÀ Customer Service Centre, Chennai City, for which
the Bank is the Convener, had resolved all the
½ãò Ôãâ¾ããñãã Öõ, ¶ãñ Ôã¼ããè ãäÍããã¾ã¦ããò ãã Ôã½ãã£ãã¶ã ãäã¾ãã Öõý ãäÍããã¾ã¦ãñâ complaints during the year. Customers are provided
¹ãÆã¹¦ã ãÀ¶ãñ Öñ¦ãì ºããÖÀãè ãòÔããè ããè ÔãñÌããú ÊãñãÀ ØããÆÖããò ããñ ãñÊã ¹ãÆãè with the facility of Toll Free Tele-services (No.1800-
ñ Ê ããè Ôããä Ì ãÃ Ô ãñ ã (1800-425-4445) ¹ãÊãº£ã ãÀÌãã¾ããè Øã¾ããè Öõ ý ¶ã 425-4445) by engaging an outside agency for
ãä Í ããã¾ã¦ããò ãã ãä ¶ ã¹ãã¶ã 48 Üãâ ãò ãñ ¼ããè ¦ ãÀ ãä ã¾ãã ãã¦ãã Öõ ý Ôã receiving complaints. These complaints are resolved
ÔãìãäÌã£ãã ãã ¸ã¾ã¶ã 24x7 ½ãã¡ñÊã ãñ Â¹ã ½ãò ãäã¾ãã ãã ÀÖã Öõý within 48 hours. This facility is being upgraded for
24x7 model.
ãäÀñÊã ºãöãäãâØã ããõÀ ãäÌã¹ã¥ã¶ã Retail Banking and Marketing
ããè Ì ã¶ã Ìã Ôãã£ããÀ¥ã ºããè ½ ãã ¦¹ããªãò ¦ã©ãã ºããè ½ ãã Ôãâ º ã® ¦¹ããªãò Ôããä Ö ¦ã Income from fee-based products including Life and
ÍãìÊã ãã£ãããäÀ¦ã ¦¹ããªãò Ôãñ ¹ãÆã¹¦ã ãã¾ã ½ãò ãä¹ãÊãñ ÌãÓãÃ ããè ¦ãìÊã¶ãã ½ãò General Insurance Products and Insurance Linked
53.69 ¹ãÆãä¦ãÍã¦ã ºãü¤ ØãÃý ããèÌã¶ã ºããè½ãã Ôãñ Ôãâºã® ¦¹ããª ãõÔãñ ããããñºããè Products, grew by 53.69 % over the previous year.
ããèÌã¶ã, ããããñºããè ÖñÊ©ã ãñ¾ãÀ ¹ÊãÔã, ÔãìÀàãã ÔããäÖ¦ã ãäÌã²ãã ¾ããñãä¦ã ããñ Life Insurance Linked Products, IOB Jeevan, IOB
Healthcare Plus, Vidya Jyothi with Suraksha
performed well with wider coverage and improved
income.
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ãÞã ºã¤ãÌãã ãä ½ ãÊãã ããõ À ãã¾ã ½ãò ºãü ¤ ãñ ¦ ¦ãÀãè Öì Ã ý Distribution of life policies, as a Corporate Agent of
Life Insurance Corporation of India, witnessed growth
¼ããÀ¦ããè¾ã ããèÌã¶ã ºããè½ãã ãñ ãã¹ããóÀñ ãò ãñ Â¹ã ½ãò ããèÌã¶ã ¹ãããäÊããäÔã¾ããò ãñ both in premium as well as commission. So also
ãäÌã¦ãÀ¥ã ãñ ¦ãÖ¦ã ¹ãÆãèãä½ã¾ã½ã ¦ã©ãã ã½ããèÍã¶ã ªãñ¶ããò ½ãò ãÞãè Ìãðãä® ÖìÃý were the non-life insurance products of Universal
Ôããè ¹ãÆ ããÀ Ôãñ ¾ãî ã ä ¶ ãÌãÔãÃ Ê ã Ôããñ ½ ¹ããñ ã¶ãÀÊã ¶Í¾ããñ À ñ ¶ Ôã ãñ Øãõ À ããè Ì ã¶ã Sompo General Insurance.
ºããè½ãã ¦¹ããªãò ½ãò ¼ããè Ìãðãä® ÖìÃý The income from marketing of life policies, life
insurance linked policies, non-life policies including
ããè Ì ã¶ã ¹ãããä Ê ããä Ô ã¾ããò , ããè Ì ã¶ã ºããè ½ ãã Ôãñ Ôãâ º ã® ¹ãããä Ê ããä Ô ã¾ããò , Øãõ À -ããè Ì ã¶ã health care was Rs.14.28 crore. Income from sale
¹ãããä Ê ããä Ô ã¾ããò ãñ ãä Ì ã¹ã¥ã¶ã Ôãñ Á.14.28 ãÀãñ ü ¡ ããè ãã¾ã Öì Ã ý ÔÌã¥ãÃ of retail gold coins clocked Rs.8.64 crore. Retail
½ãì ³ ãããò ããè ãä À ñ Ê ã ãä º ãããè Ôãñ Á.8.64 ãÀãñ ü ¡ ããè ãã¾ã Öì Ã ý ããÌããÔã Loans grew at 15.5 % over the previous year with
major contribution from Housing Loans.
¨ãÉ¥ããò ãñ ¹ãÆ ½ ãì ã ¾ããñ Ø ãªã¶ã Ôãñ ãä À ñ Ê ã ¨ãÉ¥ã ãä ¹ ãÊãñ ÌãÓãÃ ãñ ½ãì ããºãÊãñ
15.5 ¹ãÆ ã ä ¦ ãÍã¦ã ºãü ¤ ñ ý The following campaigns were conducted during the
year 2009-10.
ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã ãä¶ã½¶ããäÊããäã¦ã ããä¼ã¾ãã¶ã ÞãÊãã Øã :
1. CASA campaign
1 ããÔãã (Ôããè Ôã) ããä ¼ ã¾ãã¶ã 2. Retail Sale of Gold Coins.
2 ÔÌã¥ãÃ ½ãì³ãããò ããè ãäÀñÊã ãäºãããè 3. Marketing of Healthcare Plus Policies.
4. Campaign for Asset Insurance Cover.
3 ÖñÊ©ã ãñ¾ãÀ ¹ÊãÔã ¹ãããäÊããäÔã¾ããò ãã ãäÌã¹ã¥ã¶ã
5. Marketing of Debit Cards.
4 ãããäÔ¦ã ºããè½ãã ãÌãÀ ãñ ãäÊã ããä¼ã¾ãã¶ã 6. Special Tax Saver Campaign
5 ¡ñãäºã ãã¡Ã ãã ãäÌã¹ã¥ã¶ã
There was all round improvement in volume and
6 ãäÌãÍãñÓã õãÔã ºãÞã¦ã ããä¼ã¾ãã¶ã increase in income in the retail-banking segment.
ãäÀñÊã ºãöãäãâØã àãñ¨ã ½ãò Ôã½ãØãÆ Ìãðãä® ÖìÃ ããõÀ ãã¾ã ½ãñâ ¼ããè ºãü¤ãñ¦¦ãÀãè Official Language Policy
Öì Ã ý During the year 2009-10, the Bank has taken all efforts
to implement the Official Language Policy of Government
Àãã¼ããÓãã ¶ããèãä¦ã of India. During the year, 248 Staff members, who did
ÌãÓãÃ 2009-10 ãñ ªãõ À ã¶ã ºãö ã ¶ãñ Àãã¼ããÓãã ¶ããè ã ä ¦ ã ãñ ãã¾ããÃ ¶ Ìã¾ã¶ã ãñ not possess working knowledge of Hindi, were trained
ãäÊã ¹ãîÀñ ¹ãÆ¾ããÔã ãäãý ÌãÓãÃ ãñ ªãõÀã¶ã 248 Ôã¹ã ÔãªÔ¾ããò ããñ, ãäã¶Öò in IOB Praveen and Banking Pragya Courses. 2,809 Staff
members, possessing working knowledge of Hindi, were
ãä Ö ¶ªãè ãã ãã¾ãÃ Ô ãã£ãã ãã¶ã ¹ãÆ ã ¹¦ã ¶ãÖãé Öõ , ããããñ º ããè ¹ãÆ Ì ããè ¥ ã ¦ã©ãã trained in General Hindi Workshops held during the year.
ºãöãäãâØã ¹ãÆãã ¹ãã¿ãã½ã ãã ¹ãÆãäÍãàã¥ã ãäª¾ãã Øã¾ããý ãäÖ¶ªãè ãã ãã¾ãÃÔãã£ãã Rajbhasha Sangoshti was held on September 12, 2009
ãã¶ã ¹ãÆã¹¦ã 2809 Ôã¹ã ÔãªÔ¾ããò ããñ Ôãã½ãã¶¾ã ãäÖ¶ªãè ãã¾ãÃÍããÊããããò ½ãò for heads of Central Office departments to strengthen
¹ãÆãäÍãäãàã¦ã ãäã¾ãã Øã¾ããý ãò³ãè¾ã ãã¾ããÃÊã¾ã ½ãò Àãã¼ããÓãã ãã¾ããÃ¶Ìã¾ã¶ã ããñ the Official Language Implementation in Central Office.
ÔãìÒ¤ ºã¶ãã¶ãñ Öñ¦ãì Ôã¼ããè ãäÌã¼ããØã ¹ãÆ½ãìããò ãñ ãäÊã ãäÔã¦ã½ºãÀ 12, 2009 Minutes of meetings of all board level committees
ããñ Àãã¼ããÓãã ÔãâØããñÓãè ãã ãã¾ããñã¶ã ãäã¾ãã Øã¾ããý were translated in Hindi. As per the directives of
Govt. of India, the Bank has enabled Hindi Unicode
ºããñ ¡ Ã Ô¦ãÀãè ¾ ã Ôã¼ããè ºãõ ããò ãñ ãã¾ãÃ Ì ãð ¦ ¦ã ãã ãä Ö ¶ªãè ½ãò ã¶ãì Ì ããª ãä ã¾ãã font in all Regional Offices and has provided the
Øã¾ããý ¼ããÀ¦ã ÔãÀããÀ ãñ ãä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºãöã ¶ãñ Ôã¼ããè àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò facility of Hindi font Shusha on IOB ONLINE for
½ãò ãäÖ¶ªãè ¾ãîãä¶ãããñ¡ ¹ããù¥ ¹ãÆãä¦ãÓããä¹ã¦ã ãäã¾ãã ããõÀ Ôã¼ããè Íããããããò ½ãò downloading purpose in branches. Bank has also
¡ã¶ãÊããñ ã ä ¡ â Ø ã ãñ ¹ãÆ ¾ ããñ ã¶ã ããè Òãä Ó Ôãñ ãã ããñ ºããè ããù ¶ ãÊãã¶ã ½ãò provided the Banking terminology on IOB ONLINE
for the benefit of staff members. Bank has given
ãäÖ¶ªãè ÍãìÔÖã ¹ããù¥ ããè ÔãìãäÌã£ãã ¼ããè ¹ãÊãº£ã ãÀã¾ããè Øã¾ããè Öõý Ôã¹ã necessary training to 2,445 staff members for the
ãñ ¹ãÆ ¾ ããñ Ø ãã©ãÃ ºãö ã ¶ãñ ããù ¶ ãÊãã¶ã ¹ãÀ ºãö ã ä ãâ Øã ÍãºªãÌãÊããè ¼ããè ¹ãÊãº£ã use of Hindi in computers. Bank has published all
ãÀÌããÃ Öõý ºãöã ¶ãñ 2445 Ôã¹ã ÔãªÔ¾ããò ããñ ãâ¹¾ãîÀãò ¹ãÀ ãäÖ¶ªãè ½ãò the four issues of quarterly Hindi Magazine VANI
ãã¾ãÃ ãÀ¶ãñ ãñ ãäÊã ããÌãÍ¾ãã ¹ãÆãäÍãàã¥ã ãäª¾ããý ºãöã ¶ãñ ¨ãõ½ãããäÔãã ãäÖ¶ªãè in print as well as in digital form. Banks website
¹ããä ¨ ããã Ìãã¥ããè ãñ ÞããÀ ãâ ããò ãã Ôã½ã¾ã ¹ãÀ ¹ãÆ ããÍã¶ã ãä ¡ ãä ãÊã Ìã has been made available in Hindi also.
½ãì³¥ã ãñ Â¹ã ½ãò ãäã¾ããý ºãöã ããè ÌãñºãÔãã ãäÖ¶ªãè ½ãò ¼ããè ¹ãÊãº£ã ãÀÌãã Bank won the First Prize under Indira Gandhi
ªãè ØãÃ Öõý Rajbhasha Shield for the year 2008-09 for
commendable work in the area of Official Language
ÌãÓãÃ 2008-09 ãñ ªãõ À ã¶ã Àãã¼ãããÓãã ãã¾ããÃ ¶ Ìã¾ã¶ã ½ãò ÔãÀãÖ¶ããè ¾ ã ãã¾ãÃ Implementation. Shri S A Bhat, Chairman & Managing
ãÀ¶ãñ ãñ ãäÊã âãäªÀã Øããú£ããè Àãã¼ããÓãã ÍããèÊ¡ ãñ ¦ãÖ¦ã ºãöã ããñ ¹ãÆ©ã½ã Director of the Bank, received this Award from Her
Excellency President of India Smt. Pratibha Devi
¹ãìÀÔããÀ ¹ãÆã¹¦ã Öìããý 14 ãäÔã¦ãâºãÀ 2009 ããñ ¼ããÀ¦ã ãñ ½ãÖã½ããäÖ½ã ÀãÓÈ¹ããä¦ã Singh Patil on September 14, 2009.
½ãÖãñª¾ãã Ñããè½ã¦ããè ¹ãÆãä¦ã¼ãã ªñÌããè ãäÔãâÖ ¹ãããèÊã Ôãñ ºãöã ãñ ã£¾ãàã Ìã ¹ãÆºãâ£ã
ãä¶ãªñÍãã Ñããè Ôã. . ¼ã ¶ãñ ¾ãÖ ¹ãìÀÔããÀ ¹ãÆã¹¦ã ãäã¾ããý Reserve Bank of India awarded Second Prize to the
Bank for Hindi house magazine VANI for the year
¼ããÀ¦ããè ¾ ã ãä À û ãÌãÃ ºãö ã ´ãÀã ºãö ããò ¦ã©ãã ãä Ì ã¦¦ããè ¾ ã Ôãâ Ô ©ããããò ããè Øãð Ö - 2008-09 in the Inter-Bank & Financial Institutions
¹ããä ¨ ãããããò ãñ ãä Ê ã ãã¾ããñ ã ä ã¦ã ¹ãÆ ã ä ¦ ã¾ããñ ã ä Ø ã¦ãã ½ãò ÌãÓãÃ 2008-09 Öñ ¦ ãì Hindi in-house Magazine Competition.
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ºãöã ããè ØãðÖ-¹ããä¨ããã Ìãã¥ããè ããñ ãä´¦ããè¾ã ¹ãìÀÔããÀ ¹ãÆã¹¦ã Öìããý Regional Offices were inspected on Official Language
implementation by Official Language Department,
ãò³ãè¾ã ãã¾ããÃÊã¾ã ãñ Àãã¼ããÓãã ãäÌã¼ããØã ´ãÀã àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ½ãò Àãã¼ããÓãã Central Office and Rajbhasha Shields were awarded
ãã¾ããÃ¶Ìã¾ã¶ã ããè ãäÔ©ããä¦ã Ôãñ Ôãâºãâãä£ã¦ã ãä¶ãÀãèàã¥ã ãäã¾ãã Øã¾ãã ããõÀ Àãã¼ããÓãã to Regional Offices and branches doing good work
ãã¾ããÃ¶Ìã¾ã¶ã ãñ àãñ¨ã ½ãò ãÞã ãã¾ãÃ ãÀ¶ãñ ÌããÊãñ àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ¦ã©ãã in official language implementation.
Íããããããò ããñ Àãã¼ããÓãã ÍããèÊ¡ ¹ãÆªã¶ã ãäã Øãý The drafting and evidence Sub -Committee of
Parliamentary Committee on Official Language had
ÌãÓãÃ ãñ ªãõ À ã¶ã Ôãâ Ô ãªãè ¾ ã Àãã¼ããÓãã Ôããä ½ ããä ¦ ã ããè ããÊãñ ã Ìã Ôããà¾ã ¹ã- discussions with the Chairmen and heads of Banks
Ôããä ½ ããä ¦ ã ¶ãñ Àã¾ã¹ãì À ¶ãØãÀ ããè ¶ãØãÀ Àãã¼ããÓãã ãã¾ããÃ ¶ Ìã¾ã¶ã Ôããä ½ ããä ¦ ã ãñ of Town Official Language Committees at Raipur. The
ã£¾ãàã Ìãâ ÔãªÔ¾ã ºãöããò ãñ ¹ãÆ½ãìããò ãñ Ôãã©ã ÞãÞããÃ ããèý Ö½ããÀñ ºãöã ããè Bank was also invited for discussion and the
committee expressed satisfaction over the
Íãããã ããñ ¼ããè ÞãÞããÃ Öñ¦ãì Íãããä½ãÊã ãäã¾ãã Øã¾ãã ããõÀ Ôããä½ããä¦ã ¶ãñ Ö½ããÀñ ºãöã performance of the Bank at this centre.
ãñ ãã¾ãÃãä¶ãÓ¹ããª¶ã ¹ãÀ Ôãâ¦ãìãäÓ ã¦ããÃ ý
As convener of Chennai Town Official Language
Àãã¼ããÓãã ãäÌã¼ããØã, ØãðÖ ½ãâ¨ããÊã¾ã, ¼ããÀ¦ã ÔãÀããÀ Ôãñ Àãã¼ããÓãã ¶ããèãä¦ã ãñ Implementation Committee, the Bank has received
Ôã¹ãÊã ãã¾ããÃ¶Ìã¾ã¶ã ãñ ãäÊã ÌãÓãÃ 2008-09 Öñ¦ãì Þãñ¸ãõ ¶ãØãÀ Àãã¼ããÓãã the Second Prize for its efforts in implementation of
ãã¾ããÃ¶ãÌã¾ã¶ã Ôããä½ããä¦ã ãñ Ôãâ¾ããñãã ãñ Â¹ã ½ãò ºãöã ¶ãñ ¹ãìªìÞÞãñãäÀ ½ãò ãã¦ãîºãÀ Official Language Policy during the year 2008-09
from Official Language Department, Ministry of Home
9, 2009 ããñ ãã¾ããñ ã ä ã¦ã àãñ ¨ ããè ¾ ã Àãã¼ããÓãã Ôã½½ãñ Ê ã¶ã ½ãò ½ãã¶ã¶ããè ¾ ã Øãð Ö Affairs, Government of India. The Prize was given
Àã¾ã ½ãâ¨ããè Ñããè ãã¾ã ½ããã¶ã Ôãñ ãä´¦ããè¾ã ¹ãìÀÔããÀ ¹ãÆã¹¦ã ãäã¾ããý Ôããä½ããä¦ã by Shri Ajay Makan, Minister of State for Home Affairs,
ããè ããñ À Ôãñ ºãö ã ´ãÀã ÔãªÔ¾ã ºãö ããò / ãä Ì ã¦¦ããè ¾ ã Ôãâ Ô ©ããããò ãñ Ôã¹ã New Delhi on October 9, 2009. On behalf of the
ÔãªÔ¾ããò ãñ ãä Ê ã ªãñ Ôãã½ãã¶¾ã ãä Ö ¶ªãè ãã¾ãÃ Í ããÊããããò , 12 ãâ ¦ ãÀ-ºãö ã committee, the Bank conducted two General Hindi
ãäÖ¶ªãè ¹ãÆãä¦ã¾ããñãäØã¦ããããò, Ôãâ¾ãìã¦ã ãäÖ¶ªãè ½ããÖ Ôã½ããÀãñÖ Ìãâ ãäÖ¶ªãè ¾ãîãä¶ãããñ¡ Workshops, 12 Inter-Bank Hindi competitions, Joint
Hindi Month Celebration function and Hindi Unicode
¹ãÆ ã ä Í ãàã¥ã ãã¾ãÃ ã½ã ãã ãã¾ããñ ã¶ã ãä ã¾ãã Øã¾ããý ãä ª ¶ããâ ã ã¶ãÌãÀãè 8, training programme for the staff members of member
2010 ããñ Ìãñ¦ã¶ã½ãã¶ã IV Ñãñ¥ããè ãñ ¹ãÆºãâ£ãããò ãñ ãäÊã ØãÆãÖã ÔãñÌãã ¹ãÀ banks / Financial Institutions. A special Seminar in
ãäÖ¶ªãè ½ãò ãäÌãÍãñÓã ÔãâØããñÓãè ãã¾ããñãäã¦ã ããè ØãÃý Ôããñ ãÊããÌãã ªãñ ã£ãÃ Hindi on Customer Service for Managers of Scale
ÌãããäÓãÃã ºãõãò ¼ããè ãã¾ããñãäã¦ã ããè ØãÄý IV was held on January 8 ,2010. In addition to this
two half yearly meetings were also conducted.
àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãöã
Regional Rural Banks
ºãöã ´ãÀã ¹ãÆã¾ããñãäã¦ã àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãöããò (ããÀããÀºããè) ¾ã©ãã ¹ããâãä¡¾ã¶ã The Regional Rural Banks (RRBs) sponsored by the
ØãÆã½ã ºãöã ããõÀ ¶ããèÊããâÞãÊã ØãÆã½¾ã ºãöã ¶ãñ ÌãÓãÃ ãñ ªãõÀã¶ã ãÞã ãä¶ãÓ¹ããª¶ã Bank, viz Pandyan Grama Bank and Neelachal
ãäã¾ããý ªãñ¶ããò àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãöããò ¶ãñ ÌãÓãÃ ãñ ªãõÀã¶ã ãä¶ãÌãÊã Êãã¼ã ªãÃ Gramya Bank performed well during the year. Both
ãä ã¾ããý the RRBs recorded net profit during the year.
ãã¹ããóÀñ ØãÌã¶ãó¶Ôã Corporate Governance

The Bank prides itself on its diligence in ensuring
ãä¶ã¾ãã½ãã ¹ãÆããä£ããããäÀ¾ããò ´ãÀã ãä¶ã£ããÃãäÀ¦ã ½ãã¶ãªâü¡ãò ãñ ã¶ãì¹ããÊã¶ã ããñ ºãöã compliance with norms laid down by regulatory
ÔããÌã£ãã¶ããè Ôãñ Ôãìãä¶ããäÍÞã¦ã ãÀ ÀÖã Öõý ºãöã Ôã ºãã¦ã ããè ããÌãÍ¾ãã¦ãã ¹ãÀ authorities. The Bank lays emphasis on the need
ºãÊã ªñ ÀÖã Öõ ãä ã Ôãâ À Þã¶ããããò ããõ À ¹ãÆ ã ä ã¾ããããò ããñ Ì¾ãÌããä Ô ©ã¦ã Àã¶ãã for ensuring that structures and processes are put
Ôãìãä¶ããäÍÞã¦ã ãäã¾ãã ãã ¦ãããäã ºãöã ã¹ã¶ããè ¹ãÆÍããÔãããè¾ã ãäã½½ãñªããäÀ¾ããò ããñ in place to help in fulfilling its governance
¹ãîÀã ãÀ Ôããòý ãÞñ ¹ãÆÍããÔã¶ã ããñ ¹ãÆÌããä¦ãÃ¦ã ãÀ¶ãñ ããõÀ ¦¦ã½ã Ì¾ãÌãÖãÀãò, responsibilities. The Board recognizes its role in
promoting good governance and in creating a
¹ãÆãäã¾ããããò Ìãâ ¶ãõãä¦ãã¦ããããò ããè Â¹ãÀñãã Ôãðãäã¦ã ãÀ¶ãñ ½ãò ºãöã ã¹ã¶ããè framework of best practices, processes and ethics
¼ãîãä½ããã ããñ ¼ãÊããè-¼ããúãä¦ã Ôã½ã¢ã¦ãã Öõ, ãäãÔãÔãñ ãäã ¶ãõãä¦ãã ½ãã¶ãã¦ãã ãã to observe and foster high ethical standards.
¹ããÊã¶ã Ìã ¹ããñÓã¥ã ãäã¾ãã ãã Ôããòý
The Bank has laid down a well-defined Code of
ºãöã ¶ãñ Ôãì¹ããäÀ¼ãããäÓã¦ã ããÞãÀ¥ã ÔãâãäÖ¦ãã ºã¶ããÃ Öõ ãäãÔã½ãò Ã½ãã¶ãªãÀãè, ºãöã Conduct, which address issues of integrity, conflict
of interest and confidentiality and stress the need
ãäÖ¦ããò ããè Ààãã ããõÀ Øããñ¹ã¶ããè¾ã¦ãã ãñ ºããÀñ ½ãò ÊÊãñã Öõý Ôãã©ã Öãè ºãöã
for ethical conduct, which is the basis of good
ãÞñ ããÞãÀ¥ã ããè ããÌãÍ¾ãã¦ãã ¹ãÀ ºãÊã ªñ¦ãã Öõ ããñ ãÞñ ØãÌã¶ãôÔã ãã governance. This Code of Conduct is applicable to
ãã£ããÀ Öõý ¾ãÖ ããÞãÀ¥ã ÔãâãäÖ¦ãã ½ãâ¡Êã ãñ Ôã¼ããè ÔãªÔ¾ããò ããõÀ ºãöã ãñ all the members of the Board and Senior Management
ÌããäÀÓ ¹ãÆºãâ£ã¶ã (¾ãã¶ããè ½ãÖã ¹ãÆºãâ£ãããò) ¹ãÀ ÊããØãî Öãñ¦ããè Öõý (i.e. General Managers) of the Bank.
ãä ãÔããè ¼ããè ããÃ ¦ã©ãã Ôããñ ãä ¶ ãÌãñ Í ãããò / Ôñ ã£ããÀããò ãñ ºããè Þ ã ãä Þ ã¦ã High standards of reporting and disclosure are
essential for proper accountability between an entity
ãÌããºãªñÖãè ãñ ãäÊã ÞÞã ãäÀ¹ããñãäÄØã ããõÀ ¹ãÆããèãÀ¥ã ã¹ãñãäàã¦ã Öãñ¦ãã Öõý and its investors/stakeholders. Thus, the Bank
¹ãÆ ããè ãÀ¥ã ããõ À ãä Ì ã¦¦ããè ¾ ã ãä À ¹ããñ ã ä Ä Ø ã ããè Ôã¦¾ããä ¶ ãÓã ããõ À Ôã½ã¾ãºã®¦ãã facilitates and adopts good Corporate Governance
ããñ Ôãì ã ä ¶ ããä Í Þã¦ã ãÀ¶ãñ Ôãâ º ãâ £ ããè ã¹ã¶ããè ¹ãÆ ã ä ¦ ãºã®¦ãã ãñ ´ãÀã ºãö ã ãÞñ by its commitment to ensuring timeliness and integrity
ãã¹ããóÀñ ØãÌã¶ãôÔã ããñ ã¹ã¶ãã¦ãã Öõ ããõÀ Ôãñ ºãã£ãã ½ãì¦ã Àã¦ãã Öõ, ¦ãããäã of disclosures and financial reporting so as to keep
¹ããÀªãäÍãÃ¦ãã Ìã Ôãàã½ã¦ãã ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ãäÊã ã¹ã¶ãñ ãä¶ãÌãñÍãããò Ìã investors and stakeholders adequately informed to
ensure transparency and efficiency.
18
Ôñã£ããÀããò ããñ ¹ã¾ããÃ¹¦ã ãã¶ãããÀãè Ôãñ ÊãõÔã Àã Ôããòý Pursuant to Clause 49 of the Listing Agreement,
ÔãîÞããèºã® ãÀãÀ ãñ ã¥¡ 49 ãñ ã¶ãìÔããÀ ¹ãÆºãâ£ã¶ã ÞãÞããÃ ããõÀ ãäÌãÍÊãñÓã¥ã Management Discussion & Analysis Report, Report on
Corporate Governance as well as Certificate by the
ãäÀ¹ããñÃ, ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ ãäÀ¹ããñÃ ãñ Ôãã©ã-Ôãã©ã ãã¹ããóÀñ ØãÌã¶ãó¶Ôã auditors regarding compliance of the conditions of
ãñ ã£ããè¶ã ãã¶ãñÌããÊããè Íã¦ããô ãñ ã¶ãì¹ããÊã¶ã ãñ Ôãâºãâ£ã ½ãò Êãñãã ¹ãÀãèàãããò Corporate Governance, form part of this Annual Report.
ãã ¹ãÆ½ãã¥ã ¹ã¨ã ¼ããè Ôã ÌãããäÓãÃã ãäÀ¹ããñÃ ãã ã ¼ããØã Öõý
Board of Directors
ãä¶ãªñÍãã ½ãâ¡Êã Shri G. Narayanan, Executive Director, demitted office
Ñããè ããè. ¶ããÀã¾ã¥ã¶ã, ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã 31 ãã¦ãîºãÀ 2009 ããñ ã¹ã¶ãñ on October 31, 2009. Smt. Nupur Mitra assumed
charge as one more Executive Director on December
¹ãª Ôãñ ÔãñÌãã-ãä¶ãÌãð¦¦ã Öìý Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã ¶ãñ 7 ãäªÔãâºãÀ 2009 ããñ 7, 2009 . Shri M. Ravindra Vikram, Director under
ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã ãñ Â¹ã ½ãò ãã¾ãÃ¼ããÀ Ôãâ¼ããÊãã Öõý ºãöãããÀãè ãâ¹ã¶ããèã section 9 (3) (g) of the Banking Companies
(¹ãã½ããò ãã ããä £ ãØãÆ Ö ¥ã Ìãâ ãâ ¦ ãÀ¥ã) ããä £ ããä ¶ ã¾ã½ã 1970 - Ôã¶ãªãè (Acquisition and Transfer of Undertakings) Act 1970
Êãñ ããããÀ ÌãØãÃ ããè £ããÀã 9 (3) (ããè ) ãñ ¦ãÖ¦ã Ñããè ÀÌããè ¶ ³ ãä Ì ãã½ã, - Chartered Accountant Category, demitted office as
director on October 10, 2009 on completion of his
ãä¶ãªñÍãã ¶ãñ ¦ããè¶ã ÌãÓãÃ ãñ ãã¾ãÃããÊã ããè Ôã½ãããä¹¦ã ãñ ºããª ãã¦ãîºãÀ, 10, tenure of three years.
2009 ããñ ãä¶ãªñÍãã ãñ Â¹ã ½ãò ã¹ã¶ãã ¹ãª ¦¾ããØã ãäª¾ããý
The Government of India nominated Shri Sooraj
¼ããÀ¦ã ÔãÀããÀ ¶ãñ Ñããè ÔãîÀã ã¨ããè ããñ ãâÍããããäÊãã ØãõÀ- ÔãÀããÀãè ãä¶ãªñÍãã Khatri as a part-time non-official Director for a second
term of three years with effect from October 26, 2009.
ãñ Â¹ã ½ãò ãäª¶ããâã 26 ãã¦ãîºãÀ 2009 Ôãñ ¦ããè¶ã ÌãÓãÃ ãñ ãã¾ãÃããÊã ãñ
ãäÊã ªîÔãÀãè ºããÀ ¶ãããä½ã¦ã ãäã¾ãã Öõý Shri J. D. Sharma, presently President of the Indian
Overseas Bank Officers Association (IOBOA)
Ñããè ãñ.¡ãè.Íã½ããÃ ¶ãñ, ããñ Ìã¦ãÃ½ãã¶ã ½ãò ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ããä£ãããÀãè demitted office as Officer Employee Director on
ÔãâÜã (ããããñºããèããñ) ãñ ã£¾ãàã Öö, 30 ¶ãÌãâºãÀ 2009 ããñ ããä£ãããÀãè November 30, 2009 . The Government of India
nominated Shri K. Ananda Kumar, presently
ã½ãÃÞããÀãè ãä¶ãªñÍãã ãñ Â¹ã ½ãò ã¹ã¶ãã ãã¾ããÃÊã¾ã ¦¾ããØã ãäª¾ããý ÔãÀããÀ ¶ãñ General Secretary of IOBOA, as Officer Employee
Ñããè ãñ. ãã¶ãâª ãì½ããÀ ããñ ããñ Ìã¦ãÃ½ãã¶ã ãò ããããñºããèããñ ½ãò ½ãÖã ÔããäÞãÌã Director for a period of three years with effect from
Öö, ããä£ãããÀãè ã½ãÃÞããÀãè ãä¶ãªñÍãã ãñ Â¹ã ½ãò ½ããÞãÃ 26, 2010 Ôãñ ¦ããè¶ã March 26, 2010.
ÌãÓãÃ ããè ãÌããä£ã ãñ ãäÊã ¶ãããä½ã¦ã ãäã¾ããý The Board of Directors place on record the valuable
contributions made by the erstwhile Directors and
ãä ¶ ãªñ Í ãã ½ãâ ¡ Êã ¼ãî ¦ ã¹ãî Ì ãÃ ãä ¶ ãªñ Í ãããò ãñ ºãÖì ½ ãî Ê ¾ã ¾ããñ Ø ãªã¶ã ããñ ãä À ãã¡Ã extend a warm welcome to the new Directors.
ãÀ¦ãã Öõ ããõÀ ¶ã ãä¶ãªñÍãããò ãã ÖããäªÃã ÔÌããØã¦ã ãÀ¦ãã Öõý
Acknowledgements
ãã¼ããÀãñãäã¦ã The Board of Directors place on record their gratitude
ãä¶ãªñÍãã ½ãâ¡Êã ã¹ã¶ãñ ºãÖì½ãîÊ¾ã ØãÆãÖããò, Íãñ¾ãÀ£ããÀããò, ã¶¾ã Ôñã£ããÀããò to the valued customers, shareholders, other
ããõÀ ¼ããÀ¦ã ½ãò ããõÀ ãäÌãªñÍã ½ãò ãäÔ©ã¦ã ºãöã ãñ Ôãâ¹ããÃã¦ããÃããò ããñ, ¶ããñ stakeholders and correspondents of the Bank in India
and abroad, for their goodwill, patronage and support.
Ôãì¶ãã½ã, ÔãâÀàã¥ã ããõÀ Ôã½ã©ãÃ¶ã ãñ ãäÊã ã¹ã¶ãã ãã¼ããÀ ¹ãÆã ãÀ¦ãã Öõý
The Board of Directors acknowledge with gratitude
ãä¶ãªñÍãã ½ãâ¡Êã, ¼ããÀ¦ã ÔãÀããÀ, ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã, ¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã the valuable guidance and cooperation received from
Ìãâ ãäÌããä¶ã½ã¾ã ºããñ¡Ã, Ôãùã ãÔÞãòã, ãäÌããä¼ã¸ã Àã¾ã ÔãÀããÀãò Ìãâ ãäÌã¦¦ããè¾ã the Government of India, Reserve Bank of India,
ÔãâÔ©ããããò ´ãÀã ¹ãÆª¦¦ã ½ãîÊ¾ãÌãã¶ã ÔãÖ¾ããñØã ããñ ãäÀããù¡Ã ãÀ¦ãã Öõý ãä¶ãªñÍãã Securities and Exchange Board of India, Stock
Exchanges, various State Governments and Financial
½ãâ¡Êã ÖãâØãããâØã ½ããõãä³ã ¹ãÆããä£ãããÀãè, ãäÔãâØãã¹ãìÀ ½ããõãä³ã ¹ãÆããä£ãããÀãè, ãäÌã¦¦ããè¾ã Institutions. The Board is also thankful to the Hong
¹ã¾ãÃ Ì ãñ à ããè Ôãñ Ì ããú , ããñ ã ä À ¾ãã, Ñããè Ê ãâ ãã ãñ ãò ³ãè ¾ ã ºãö ã, Þããè ¶ ã ºãö ã ä ãâ Øã Kong Monetary Authority, Monetary Authority of
ÀñØ¾ãîÊãñÀãè ã½ããèÍã¶ã, ºãöã ¶ãñØããÀã, ½ãÊãñãäÍã¾ãã, ºãöã ããù¹ã ©ããÊãö¡ ããõÀ Singapore, Financial Supervisory Services - Korea,
Ôñ ºãöã ããù¹ã ãäÌã¾ã¦ã¶ãã½ã ããõÀ Ôãñ¶ÈÊã ºãöã ããù¹ã ¾ãîÃ ãñ ¹ãÆãä¦ã ¼ããè Central Bank of Sri Lanka, China Banking Regulatory
Commission, Bank Negara - Malaysia, Bank of
¶ããñ ÔãÖ¾ããñØã ãñ ãäÊã ãã¼ããÀãè Öõý Thailand, State Bank of Vietnam and Central Bank
of UAE for their support.
ãä¶ãªñÍããØã¥ã ºãÖì¦ã ãìÍã Öö ãäã ã½ãÃÞããÀãè ÔãâÜã Ìãâ ããä£ãããÀãè ÔãâÜã ãñ
ÔãããÀã¦½ãã ÒãäÓããñ¥ã ãñ ããÀ¥ã ããõ²ããñãäØãã Ôãâºãâ£ã ºãÖì¦ã ÔããõÖãªÃ¹ãî¥ãÃ Industrial relations in the Bank have been cordial
due to the positive attitude of the Employees Union
Öö ý ãä ¶ ãªñ Í ãã ½ãâ ¡ Êã Ôã¹ã ÔãªÔ¾ããò ãñ ¹ãÆ ã ä ¦ ã ¶ããñ ¾ããñ Ø ãªã¶ã ãñ ãä Ê ã and Officers Association. The Board of Directors
ÔãÀãÖ¶ãã Ì¾ãã¦ã ãÀ¦ãã Öõý expresses their appreciation of the contribution made
by the members of the staff.
ãä¶ãªñÍãã ½ãâ¡Êã ãñ ãäÊã ¦ã©ãã Ôãããè ããñÀ Ôãñ
For and on behalf of the Board of Directors
Þãñ ¸ ãõ Ôã. . ¼ã Chennai S. A. BHAT

29 ã¹ãÆ õ Ê ã 2010 ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã April 29, 2010 Chairman and Managing Director
19
¹ãÆ º ãâ £ ã¶ã ÞãÞããÃ Ìãâ ãä Ì ãÍÊãñ Ó ã¥ã MANAGEMENT DISCUSSION AND ANALYSIS
ãããä©ãÃã ¹ããäÀÌãñÍã Economic Environment
¼ããÀ¦ããè¾ã ã©ãÃÌ¾ãÌãÔ©ãã ½ãò ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã 7.2% ããè Ìãðãä® Indian economy recorded 7.2% growth during
2009-10. Agriculture was impacted by the poor
ªãÃ ããè ØãÃý ãÀãºã ½ãã¶ãÔãî¶ã ãã ¹ãÆ¼ããÌã ãðãäÓã ¹ãÀ ¹ãü¡ãý ¹ãÀâ¦ãì Àºããè ããè monsoon but the impact could be muted by better
¹ãÔãÊããò ½ãò ãÞñ ¦¹ããª¶ã Ôãñ Ôã ¹ãÆ¼ããÌã Ôãñ ºãÀã ãã Ôãããý ÌãÓãÃ ãñ performance in the Rabi season. Industrial growth
¹ãÆ©ã½ã 9 ½ãÖãè¶ããò ½ãò ²ããñØã ããè Ìãðãä® 8.6% ÀÖãèý ãã¾ãã¦ã Ìã ãä¶ã¾ããÃ¦ã ãñ in the first nine months of the financial year was
àãñ¨ã ½ãò Ôããè ãÌããä£ã ½ãò ÌãõãäÍÌãã Ôãâã ãñ ããÀ¥ã ããÃ ½ãâªãè Ôãñ ãÞãè 8.6%. During the same period, exports and imports
ØããÖãè ãñ Ôãâãñ¦ã Ööý showed signs of recovery from the slowdown caused
by the global crisis.
ºãöãäãâØã ¹ããäÀÌãñÍã Banking Environment
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ¶ãñ ã¹ã¶ããè ÌããäÓãÃã ¶ããèãä¦ã ½ãò Àñ¹ããñ ªÀ ½ãò Êã ¹ã The Reserve Bank of India, in its Annual Policy,
ãñ ã£ããè ¶ ã 5.0 % Ôãñ 4.75% ¾ãã¶ããè 25 ºãñ ã ä Ô ãÔã ¹Ìããâ ããè ã½ããè reduced Repo Rate under the LAF by 25 basis points
Üããñ Ó ã¥ãã ããè ý ãä À ÌãÔãÃ Àñ ¹ ããñ ªÀ ½ãò ¼ããè 3.5% Ôãñ 3.25% ¾ãã¶ããè 25 from 5.0% to 4.75%. Reverse Repo Rate was also
ºãñãäÔãÔã ¹Ìããâ ããè ã½ããè ããè ÜããñÓã¥ãã ããè ØãÃý ¶ãÌãâºãÀ 7 ,2009 ãñ brought down by 25 basis points from 3.5% to 3.25%.
From the fortnight beginning November 7, 2009, the
¹ããÌããü ¡ ñ Ôãñ ¼ããÀ¦ããè ¾ ã ãä À û ãÌãÃ ºãö ã ¶ãñ Ôã Êã ããÀ ããñ 25 % ¾ãã¶ããè RBI raised SLR to the pre-crisis level of 25%. CRR
Ôãâã ¹ãîÌãÃ Ô¦ãÀ ¹ãÀ Àã¶ãñ ããè ÜããñÓã¥ãã ããèý ¹ãÀÌãÀãè 2010 ½ãñâ Ôããè ããÀ was increased from 5.0% to 5.75% in two stages in
ããÀ ããñ ªãñ ÞãÀ¥ããò ½ãñ 5.0% Ôãñ 5.75 % ¦ãã ºãü ¤ ã¾ãã Øã¾ããý ½ãì ³ ã February 2010. As an anti-inflation measure, the RBI
Ô¹ããèãä¦ã Ôãñ ãä¶ã¹ãã¶ãñ ãñ ¹ãã¾ã ãñ ¦ããõÀ ¹ãÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ¶ãñ 19 hiked the repo rate from 4.75% to 5.0% and reverse
½ããÞãÃ 2010 ããñ Àñ¹ããñ Àñ 4.75%Ôãñ 5.0 % ããõÀ ãäÀÌãÔãÃ Àñ¹ããñ ªÀ ããñ repo from 3.25% to 3.50% on March 19, 2010.
3.25% Ôãñ ºãü ¤ ããÀ 3.50% ãÀ ãä ª ¾ããý The year traversed from easy money policy to tight
policy regime in the second half of the year and it
ÌãÓãÃ ããè ªîÔãÀãè ½ããÖãé ãñ ªãõÀã¶ã ããÔãã¶ã ½ããõãä³ã ¶ããèãä¦ã Ôãñ ããä¶ã ½ããõãä³ã is likely to continue in 2010-11 as could be inferred
¶ããèãä¦ã ½ãò ãã¶ãñ ãã ªãõÀ ÀÖã ããõÀ 2010-11 ãñ ªãõÀã¶ã ¼ããè Ôããñ ºã¶ãñ from the Annual Policy 2010-11 wherein the RBI has
ÀÖ¶ãñ ããè Ôãâ¼ããÌã¶ãã Öõ ã¾ããòãäã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ¶ãñ ã¹ã¶ãñ ÌãããäÓãÃã raised Repo Rate and Reverse Repo Rate by further
¶ããèãä¦ã 2010-11 ½ãò Àñ¹ããñ ªÀ ããõÀ ãäÀÌãÔãÃ Àñ¹ããñ ªÀ ããñ ããõÀ 25 ºãñãäÔãÔã 25 basis points to 5.25% and 3.75% respectively.
CRR was also hiked by 25 basis points to 6.0%.
¹Ìããâ ºãü¤ããÀ ã½ãÍã: 5.25% ããõÀ 3.75% ãÀ¶ãñ ããè ÜãñãÓã¥ãã ããèý
Ôããè ããÀ ããÀ ããñ ¼ããè 25 ºãñãäÔãÔã ¹ÌããÃâ ºãü¤ããÀ 6.0% ãÀ ãäª¾ãã THE BANKS OPERATIONS
Øã¾ããý Deposits
Aggregate domestic deposits of the Bank increased
ºãö ã ãñ ¹ããä À ÞããÊã¶ã from Rs.95,434 crore in March 2009 to Rs.1,05,434
ã½ãã ÀããäÍã¾ããú crore in March 2010 at a growth rate of 10.48%.
ºãöã ããè ÜãÀñÊãî ã½ããâ 10.48% ããè Ìãðãä® ªÀ Ôãñ ½ããÞãÃ 2009 ãñ Á. Domestic core deposits of the Bank registered a
significant growth of 24.89% over March 2009 due
95,434 ãÀãñ ü ¡ Ôãñ ºãü ¤ ãÀ ½ããÞãÃ 2010 ½ãò Á.1,05,434 ãÀãñ ü ¡ Öãñ to conscious shedding of high cost term deposits.
ØãÃý ÞÞã ÊããØã¦ã ÔããÌããä£ã ã½ããããò ãñ ¹ãÆãä¦ã ÔãÞãñ¦ã ÀÖ¶ãñ ãñ ããÀ¥ã ºãöã
ããè ããñÀ ã½ãã ½ãò ½ããÞãÃ 2009 Ôãñ 24.89% ããè ÊÊãñã¶ããè¾ã Ìãðãä® Credit
Öì Ã ý Domestic Gross advances rose from the level of
Rs.68,480 crore in March 2009 to Rs.73,026 crore
£ããÀ in March 2010 despite adverse market condition on
account of global economic slow down.
ÌãõãäÍÌãã ãããä©ãÃã ½ãâªãè ãñ ããÀ¥ã ¹ãÆãä¦ããîÊã ºããããÀ ãäÔ©ããä¦ã¾ããò ãñ ºããÌããîª
ºãöã ããè ÔããÊã ÜãÀñÊãî ã½ããâ ½ããÞãÃ 2009 ãñ Á. 68,480 ãÀãñü¡ Ôãñ Priority Sector Credit
ºãü¤ãÀ ½ããÞãÃ 2010 ½ãò Á. 73,026 ãÀãñü¡ Öãñ ØãÃý As per the guidelines of RBI, achievement under
Priority Sector for the year 2009-2010 is computed
¹ãÆã©ããä½ãã¦ãã àãñ¨ã £ããÀ taking the Adjusted Net Bank Credit (ANBC) of
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãã-ãä¶ãªóÍããò ãñ ã¶ãìÔããÀ ¹ãÆã©ããä½ãã¦ãã àãñ¨ã ãñ March 2009 as the base. For the year ended March
2010, the percentage of Priority Sector advances to
ã¶¦ãØãÃ¦ã ÌãÓãÃ 2009-10 ãñ ãäÊã ¹ãÊããäº£ã¾ããò ããè Øã¥ã¶ãã ½ããÞãÃ 2009 Adjusted Net Bank Credit was at 40.59 %, the
ããñ ãã£ããÀ ½ãã¶ããÀ Ôã½ãã¾ããñ ã ä ã¦ã Êãñ ãã ¹ãÀãè ã ä à ã¦ã ãä ¶ ãÌãÊã ºãö ã £ããÀ quantum being Rs. 27,237 crore. Thus the Bank
(¶ãºããèÔããè) ããñ ÊãñãÀ ããè ãã¦ããè Öõý ½ããÞãÃ 2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ fulfilled the stipulated norm of 40% under Priority
ãä Ê ã ¹ãÆ ã ©ããä ½ ãã¦ãã àãñ ¨ ã £ããÀ ããè ¹ãÆ ã ä ¦ ãÍã¦ã¦ãã ããõ À Ôã½ãã¾ããñ ã ä ã¦ã ãä ¶ ãÌãÊã Sector credit.
£ããÀ ãã ã¶ãì ¹ ãã¦ã 40.59% ÀÖãè ý ¹ãÆ ½ ãã¨ãã Á.27,237 ÀÖãè ý ã¦ã: SME
ºãöã ¶ãñ ¹ãÆã©ããä½ãã¦ãã ÔãñÌãã £ããÀ ãñ ãä¶ããäªÃÓ Êãà¾ã 40% ããñ ¹ãîÀã ãäã¾ããý The Bank extended credit of Rs.11,660 crore to SME
Sector as at the end of March 2010. This includes
ÊãÜãì ½ã£¾ã½ã ²ã½ã advances to Micro and Small enterprises to the tune
½ããÞãÃ 2010 ãñ ãâ¦ã ¦ãã ºãöã ¶ãñ Ôã ½ã Ã àãñ¨ã ½ãò Á. 11,660 ãÀãñû¡ of Rs.9,659 crore which forms part of Priority Sector
20
ãã ¨ãÉ¥ã ãä Ì ã¦ããä À ¦ã ãä ã¾ããý Ôã½ãò Ôãî à ½ã Ìã ÊãÜãì ²ã½ããò ããñ ãä ª ¾ãã Øã¾ãã Credit. The Bank increased its advance to SME Sector
Á. 9,659 ãÀãñü¡ ãã ¨ãÉ¥ã ¼ããè Íãããä½ãÊã Öõ ããñ ¹ãÆã©ããä½ãã¦ãã £ããÀ ãã by 24.10% surpassing the mandatory requirement
of 20%.
ãäÖÔÔãã Öõý ºãöã ¶ãñ 20% ãñ ããä¶ãÌãã¾ãÃ ããÌãÍ¾ãã¦ããããò ããñ ¹ããÀ ãÀ¦ãñ
Öì 24.10% ãã ããäØãÆ½ã Ôã ½ã Ã àãñ¨ã ½ãò ãäª¾ããý The Bank was awarded Chief Ministers trophy for
good performance in lending to Micro Enterprises
¦ããä½ãÊã ¶ãã¡ì ½ãò Ôãîà½ã ²ã½ããò ããñ £ããÀ ªñ¶ãñ ãñ ºãñÖ¦ãÀ ãä¶ãÓ¹ããª¶ã ãñ ãäÊã in Tamil Nadu. The Bank was in second position
ºãöã ããñ ½ãì¾ã ½ãâ¨ããè ããè Èã¹ããè ¹ãÆã¹¦ã ÖìÃý ¦ããä½ãÊã ¶ãã¡ì Àã¾ã ½ãò ¹ããè ½ã among all banks in implementation of PMEGP
Programme in Tamil Nadu State. The Bank
Ã ããè ¹ããè ãã¾ãÃã½ã ãñ ãã¾ããÃ¶Ìã¾ã¶ã ½ãò ºãöã Ôã¼ããè ºãöããò ½ãò ªîÔãÀñ Ô©ãã¶ã ¹ãÀ sanctioned more than 700 projects in the state of
ÀÖãý 2009-10 ãñ ªãõ À ã¶ã ºãö ã ¶ãñ ¦ããä ½ ãÊã ¶ãã¡ì Àã¾ã ½ãò 700 Ôãñ Tamil Nadu during 2009-10, which resulted in creation
ããä£ãã ¹ããäÀ¾ããñã¶ããããñâ ããñ ½ãâãîÀãè ªãè ãäãÔããñ ããÀ¥ã ¦ããÀãèºã¶ã 9,900 of over 9,900 jobs.
ÀãñãØããÀãò ãã Ôãðã¶ã Öìããý To help speedy revival of potentially viable sick SME
Ôãâ¼ããÌ¾ã Â¹ã Ôãñ Ôãàã½ã ÁØ¥ã Ôã ½ã Ã ãã¾ããò ãñ ¦ããèÌãÆ ¹ãì¶ãÁããèÌã¶ã units, Nursing and Rehabilitation Policy for SME
Sector was formulated and implemented. The policy
ãñ ãäÊã, Ôã ½ã Ã àãñ¨ã ãñ ãäÊã ¶ããäÔãÄØã ããõÀ ¹ãì¶ãÌããÃÔã ¶ããèãä¦ã ºã¶ããÃ ØãÃ is more liberal and various concessions are available
ããõÀ ãã¾ããÃãä¶Ìã¦ã ããè ØãÃý ¾ãÖ ¶ããèãä¦ã ããä£ãã ªãÀ Öõ ããõÀ Ôãàã½ã ãã¾ããò under the policy for viable units for restarting their
ããñ ¹ããäÀÞãããäÊã¦ã ãÀ¶ãñ ãñ ãäÊã ¶ããèãä¦ã ãñ ¦ãÖ¦ã ãäÌããä¼ã¸ã ãäÀ¾ãã¾ã¦ãò ¹ãÊãº£ã operations. To facilitate smooth and hassle free flow
Öö ý Ôãî à ½ã Ìã ÊãÜãì ²ã½ããò , ããñ ½ã£¾ã½ã Ìã ºãü ¡ ñ ²ã½ããò ããè ¦ãì Ê ã¶ãã ½ãñ of credit to Micro and Small Enterprises, who face
many disadvantages as compared to Medium and
ããä£ãã ãÔãìãäÌã£ãã ãã Ôãã½ã¶ãã ãÀ¦ãñ Öö, ããñ ãä¶ãºããÃ£ã ããõÀ ¢ãâ¢ã ½ãìã¦ã Large Enterprises, Separate Loan Policy for MSE
¨ãÉ¥ã ¹ãÆÌããÖ ÔãìÊã¼ã ºã¶ãã¶ãñ ãñ ãäÊã, ½ã Ôã Ã àãñ¨ã ãñ ãäÊã ¹ãð©ãã ¨ãÉ¥ã Sector was formulated and implemented. The policy
¶ããèãä¦ã ºã¶ããÃ ããõÀ ÊããØãî ããè ØãÃý ¶ããèãä¦ã ãã ããñÀ ½ãÔãÃ ããñ ¨ãÉ¥ããò ãã emphasises sanction of timely and adequate amount
¹ã¾ããÃ¹¦ã ããõÀ Ôã½ã¾ã Ôãñ ½ãâãîÀãè ªñ¶ãñ ¹ãÀ Öõý Ôããñ ãÊããÌãã Ôã½ãò Ôã¼ããè of credit to MSEs. Thrust is given to sanction
¹ãã¨ã ½ãã½ãÊããò ãñ ãäÊã Á. 1 ãÀãñü¡ ¦ãã ãñ Ôãâ¹ãããäÍÌãÃã ÀãäÖ¦ã ¨ãÉ¥ããò ããè collateral-free loans up to Rs.1 Crore, in all eligible
cases.
½ãâãîÀãè ¹ãÀ ¼ããè ããñÀ ãäª¾ãã Øã¾ãã Öõý
The Bank continued the implementation of relief
ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã ¼ããè ºãöã ¶ãñ Ôã ½ã Ã àãñ¨ã ãñ ãäÊã ãñãä¡ package for SME sector during 2009-10 also. Various
¹ãõãñã ãñ ãã¾ããÃ¶Ìã¾ã¶ã ããñ ããÀãè Àããý Üããè ÖìÃ º¾ããã ªÀ ããñ Íãããä½ãÊã concessions including reduced rates of interest were
ãÀ¦ãñ Öí ãäÌããä¼ã¸ã ãäÀ¾ãã¾ã¦ãò ããÀãè Àããè ØãÃý Ôã¼ããè àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ¹ãÀ continued. SME Facilitation centres were activated
at all Regional Offices. Large number of SME borrowal
Ôã ½ã Ã ÔãìãäÌã£ãã ãñ¶³ ºã¶ãã Øãý ÌãÓãÃ ãñ ªãõÀã¶ã ºãü¡ãè Ôãâ¾ãã ½ãò Ôã accounts was restructured during the year.
½ã ÆÃ £ããÀ ãã¦ããò ããè ¹ãì¶ãÔãÄÀÞã¶ãã ããè ØãÃý
All lending to MSME were exempted from Minimum
½ã Ôã ½ã Ã ããñ ãäª Øã Ôã¼ããè £ããÀ ¶¾ãî¶ã¦ã½ã º¾ããã ªÀ ãÊããã Ôãñ Interest Rate clause to enable them to get the benefit
½ãìã¦ã Àãã Øã¾ãã ¦ãããäã ºãöã ãñ ºããè ¹ããè Êã ããÀ Üã¶ãñ ¹ãÀ Ìãñ º¾ããã ªÀ ½ãò of interest rate reduction whenever banks BPLR is
reduced.
ã½ããè ãã Êãã¼ã ¹ãã Ôããòý
The Bank signed MOU with Bajaj Auto Ltd., on
ãããñ ãäÀãÍãã ããõÀ ã½ããäÍãÃ¾ãÊã ãä¦ã¹ããäÖ¾ãã ÌããÖ¶ã ãñ ãäÊã ãäºã¶ãã Ôãâ¹ãããäÍÃÌãã April 9, 2009 and TVS Motor Company Limited, on
¹ãÆãä¦ã¼ãîãä¦ã / ¦ãð¦ããè¾ã ¹ãàã ØããÀâãè ãñ ¦ãñããè Ôãñ ãäÌã¦¦ã¹ããñÓã¥ã ãÀ¶ãñ ãñ ãäÊã June 3, 2009 for financing auto rickshaws and
ºãöã ¶ãñ ºãããã ãããñ ãäÊããä½ãñ¡ Ôãñ ã¹ãÆõÊã 9, 2009 ããñ ããõÀ ãè Ìããè commercial three wheelers in a speedy manner,
without requirement of collateral security/third party
Ôã ½ããñÔãÃ ãâ¹ã¶ããè ãäÊããä½ãñ¡ Ôãñ ãäª¶ããâã 3 ãî¶ã , 2009 ããñ ÔãÖ½ããä¦ã guarantee. More than 3,500 loans were sanctioned
ãã¹ã¶ã ¹ãÀ ÖÔ¦ããàãÀ ãä ã¾ããý ÌãÓãÃ 2009-10 ãñ ªãõ À ã¶ã Ôã Øãããñ ü ¡ under this tie-up arrangements during 2009-10,
Ì¾ãÌãÔ©ãã ãñ ã¶¦ãØãÃ ¦ ã 3500 Ôãñ ããä £ ãã ¨ãÉ¥ã ½ãâ ãî À ãä ã Øã ý Ôã enhancing flow of credit to transport operators in
ããÀ¥ã Ôãîà½ã ²ã½ã àãñ¨ããò ½ãò ¹ããäÀÌãÖ¶ã ããñ ¨ãÉ¥ããò ãã ¹ãÆÌããÖ ºãü¤ãý ºãöã ¶ãñ Micro Enterprises Sector. On November 5, 2009, the
ãäª¶ããâã 5 ¶ãÌãâºãÀ, 2009 ããñ ãäÍã¾ãã ½ããñÀ ÌããÔãÃ ãäÊããä½ãñ¡ Ôãñ Èã Bank signed MoU with Asia Motor Works Ltd., for
financing trucks and commercial transport vehicles
ããõ À Ì¾ããÌãÔãããä ¾ ãã ÌããÖ¶ããò ãñ ãä Ì ã¦¦ã¹ããñ Ó ã¥ã ãñ ãä Ê ã ããõ À ãä ª ¶ããâ ã 22 and on March 22, 2010 with TATA Motors Limited
½ããÞãÃ 2010 ããñ ãã ½ããñ ÔãÃ ãä Ê ããä ½ ãñ ¡ ãñ Ôãã©ã ããÔãã¶ã Íã¦ããô ããõ À for financing commercial transport vehicles on easy
ãä ¶ ãºãâ £ ã¶ããò ¹ãÀ Ì¾ããÌãÔãããä ¾ ãã ÌããÖ¶ããò ãñ ãä Ì ã¦¦ã¹ããñ Ó ã¥ã ãñ ãä Ê ã ÔãÖ½ããä ¦ ã terms and conditions.
ãã¹ã¶ã ¹ãÀ ÖÔ¦ããàãÀ ãäã¾ããý Agriculture
ãð ãä Ó ã Agricultural credit registered a growth of
Rs. 1,780 crore from Rs.10,817 crore in March 2009
ãð ãä Ó ã ¨ãÉ¥ããñ â ½ãò ½ããÞãÃ 2009 ãñ Á. 10,817 ãÀãñ ü ¡ ½ãò Á. 1,780 and reached Rs. 12,597 crore in March 2010. The
ãÀãñü¡ ããè ºãü¤¦ã ªãÃ ããè ØãÃ ããõÀ ¾ãÖ Á. 12,597 ãÀãñü¡ ¹ãÀ ¹ãÖìúÞã Banks ratio of agricultural advances to Adjusted Net
Øã¾ããý ºãöã ãã ãðãäÓã ããäØãÆ½ã ããõÀ Ôã½ãã¾ããñãäã¦ã ãä¶ãÌãÊã ºãöã £ããÀ ãã Bank Credit stood at 18.77% exceeding the required
ã¶ãì ¹ ãã¦ã 18.77% ÀÖã ããñ 18%ãñ ã¹ãñ ã ä à ã¦ã ½ãã¶ãª¥¡ Ôãñ ããä £ ãã norm of 18%.
Öõý The Bank disbursed Rs. 13,327 crore under Special
Agricultural Credit Plan (SACP) as against the target
ºãöã ¶ãñ ãäÌãÍãñÓã ãðãäÓã £ããÀ ¾ããñã¶ãã (Ôã Ôããè ¹ããè) ãñ ¦ãÖ¦ã Á. 12,780 of Rs. 12,780 crore during the year. The increase in
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ãÀãñ ü ¡ ãñ Êãà¾ã ãñ ¹ãÆ ã ä ¦ ã Á. 13,327 ãÀãñ ü ¡ ãã Ôãâ ã ä Ì ã¦ãÀ¥ã ãä ã¾ããý disbursement of credit to agricultural sector over the
¼ããÀ¦ã ÔãÀããÀ ´ãÀã ãä¶ã£ããÃãäÀ¦ã ãäÌãÍãñÓã ¹ãã½ãÃ £ããÀ ¹ãõãñã ãñ ¦ãÖ¦ã 30% last years disbursement was 30.35%, as against 30%
mandated by the Govt. of India under Special Farm
ãñ ¹ãÆãä¦ã ãðãäÓã àãñ¨ã ãñ ãäÊã ÔãâãäÌã¦ããäÀ¦ã ¨ãÉ¥ã 30.35% ÀÖãý Credit Package.
ãäãÔãã¶ã ãñãä¡ ãã¡Ã ¾ããñã¶ãã ( ãñ Ôããè Ôããè ) Kisan Credit Card Scheme( KCC )
ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ¶ãñ ãìÊã 2,03,757 ãñ Ôããè Ôããè ããÀãè ãäã¾ããý ½ããÞãÃ The Bank issued 2,03,757 KCCs during the year.
The total number of cards cumulatively issued by
2010 ããñ ºãöã ´ãÀã ããÀãè ãìÊã ãã¡Ã ããè Ôãâ¾ãã 19,19,155 ÀÖãèý the Bank as at the end of March 2010 stood at
19,19,155.
Ôãîà½ã ãäÌã¦¦ã¹ããñÓã¥ã
Micro Finance
ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ¶ãñ Á.706.92 ãÀñãü¡ ãñ ãñãä¡ ãã Êãñ ãñ Ôãã©ã
During the year, the Bank credit-linked 68,112 Self
68,112 ÔÌã¾ãâ ÔãÖ¾ã¦ãã ªÊããò ãã Ôãâ ¾ ããñ ã¶ã ãä ã¾ããý ½ããÞãÃ 2010 ããè Help Groups (SHGs )with a credit outlay of Rs.706.92
Ôã½ãããä¹¦ã ¦ãã ºãöã ´ãÀã £ããÀ ¹ãÆª¦¦ã ÔÌã¾ãâ ÔãÖã¾ã¦ãã ªÊããò ããè ãìÊã Ôãâ¾ãã crore. The cumulative number of SHGs credit-linked
½ããÞãÃ 2009 ¦ãã ãñ 292507 Ôãñ (ãä Ì ã¦ããä À ¦ã Àã½ã Á. 2162.68 by the Bank increased from 2,92,507 (amount
disbursed Rs.2,162.68 crore) as at the end of March
ãÀãñ ü ¡ ) Ôãñ ºãü ¤ ãÀ 360619 (ãä Ì ã¦ããä À ¦ã Àã½ã Á. 2869.60 ãÀãñ ü ¡ ) 2009 to 3,60,619 SHGs (amount disbursed
Öãñ ØãÃ ý Rs.2,869.60 crore) as of March 2010.
ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ¶ãñ ¶ããºãã¡Ã ãñ Ôãîà½ã ãäÌã¦¦ã ãäÌãããÔã Ìãâ ãäãÌããè ãä¶ããä£ã During the year, the Bank contributed Rs.1.16 crore
towards NABARDs Micro Finance Development &
ãñ ãäÊã Á. 1.16 ãÀãñü¡ ãã ¾ããñØãªã¶ã ãäã¾ãã Öõý Equity Fund.
ã¶ãÑããè ºããè½ãã ¾ããñã¶ãã (ãñ ºããè ÌããÃ) Janashree Bima Yojana (JBY)
ãñ ºããè ÌããÃ ã Ôãã½ãããä ãã Ôãì À àãã ¾ããñ ã¶ãã Öõ ããñ Øããú Ì ããò Ìã ÍãÖÀãò ½ãò JBY is a Social Security Scheme to provide life
ØãÀãè º ããè Àñ ãã ãñ ¶ããè Þ ãñ ÀÖ ÀÖñ ØãÀãè º ããñ â ãñ ãä Ê ã ããè Ì ã¶ã ºããè ½ ãã ¹ãÊãº£ã insurance cover to the rural and urban poor living
below the poverty line. The Bank, in association with
ãÀã¦ãã Öõ ý ºãö ã ¶ãñ ¼ããÀ¦ããè ¾ ã ããè Ì ã¶ã ºããè ½ ãã ãä ¶ ãØã½ã ãñ Ôãã©ã ãä ½ ãÊããÀ LIC of India, launched the scheme to cover women
½ããä Ö Êãã ÔÌã¾ãâ ÔãÖã¾ã¦ãã Ôã½ãî Ö ãñ ÔãªÔ¾ããò ããñ Íãããä ½ ãÊã ãÀ¶ãñ ãñ ãä Ê ã Self Help Group members. During 2009-10, the Bank
¾ããñã¶ãã ¹ãÆãÀâ¼ã ããè Öõý ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã ºãöã ¶ãñ Ôã ¾ããñã¶ãã ãñ covered 42,791 women members belonging to 3,854
¦ãÖ¦ã 3,854 ÔÌã¾ãâ ÔãÖã¾ã¦ãã Ôã½ãî Ö ãò ãñ 42,791 ½ããä Ö Êãã ÔãªÔ¾ããò ããñ SHGs under the scheme.
ºããè½ãã ãäªÊãã¾ãã Öõý Credit flow to Women
½ããäÖÊããããò ããñ ¨ãÉ¥ã ¹ãÆÌããÖ As on March 31, 2010, Banks credit to women
amounted to Rs.3,529.69 crore constituting 5.26%
31 ½ããÞãÃ 2010 ¦ãã ½ããä Ö Êããããò ããñ ªãè ØãÃ ºãö ã ããè £ããÀ Àããä Í ã of the Banks Adjusted Net Bank Credit, as against
Á. 3,529.69 ãÀãñü¡ Öãñ ØãÃ, ããñ 5 ¹ãÆãä¦ãÍã¦ã ãñ ãä¶ã£ããÃãäÀ¦ã ½ãã¶ãª¥¡ the norm of 5%.
ããè ¦ãìÊã¶ãã ½ãñâ ºãöã ãñ Ôã½ãã¾ããñãäã¦ã ãä¶ãÌãÊã £ããÀ ãã 5.26 ¹ãÆãä¦ãÍã¦ã ÀÖã Lead Bank Scheme
Öõý The Bank has Lead Bank responsibility in twelve
districts in Tamil Nadu and one district in Kerala.
ãØãÆ¥ããè ºãöã ¾ããñã¶ãã The Bank is also the Convenor of State Level Bankers
Committee of Tamil Nadu. During the year under
¦ããä½ãÊã ¶ãã¡ì ãñ ºããÀÖ ãäãÊããò ããõÀ ãñÀÊã ãñ ã ãäãÊãñ ½ãò ãØãÆ¥ããè ºãöã review, as Convenor of State Level Bankers
ãã ¦¦ãÀªããä¾ã¦Ìã ºãöã ¹ãÀ Öõý ºãöã ¦ããä½ãÊã¶ãã¡ì Àã¾ã Ô¦ãÀãè¾ã ºãöãÀ Ôããä½ããä¦ã Committee, Tamil Nadu, the Bank conducted three
ãã Ôãâ¾ããñãã ¼ããè Öõý ÌãÓãÃ ãñ ªãõÀã¶ã ¦ããä½ãÊã ¶ãã¡ì ãñ Ôãâ¾ããñãã ãñ Â¹ã ½ãò SLBC Meetings and one State Level Review Meeting.
ºãöã ¶ãñ ¦ããè¶ã Ôã Êã ºããè Ôããè ºãõããò ããõÀ ã Àã¾ã Ô¦ãÀãè¾ã Ôã Êã ºããè In addition, the Bank convened Special SLBC
Meetings on Special Package for MSME, Auto &
Ôããè ããè ºãõã ãã ãã¾ããñã¶ã ãäã¾ããý Ôããñ ãÊããÌãã ºãöã ¶ãñ ½ã Ôã ½ã Housing Sectors. Special Bankers Meeting was
Ã , ãããñ ããõÀ ããÌããÔã àãñ¨ã ãñ ãäÊã ãäÌãÍãñÓã Ôã Êã ºããè Ôããè ºãõããò ãã convened on Credit Linking of Panchayat Level
ãã¾ããñã¶ã ãäã¾ããý ãä¦ãÁ¹ãìÀ ãñ ÀâØãÀñã ãñ ÔãâÜã ããñ ÀãÖ¦ã ¹ãõãñã , Öã©ã Ôãñ Federations, Scheme for Rehabilitation of Manual
½ãõÊãã ¤ãñ¶ãñ ÌããÊããñâ (Ôã ããÀ ½ã Ôã ) ãñ ¹ãì¶ãÌããÃÔã ¾ããñã¶ãã, ¹ãâÞãã¾ã¦ã Scavengers (SRMS) and on the Relief Package for
Tiruppur Dyers Association. Senior level officials from
Ô¦ãÀãè ¾ ã Ôãâ Ü ããò ããñ £ããÀ Ôãñ ããñ ü ¡ ¶ãñ ãñ ãä Ê ã ãä Ì ãÍãñ Ó ã ºãö ãÀ ºãõ ã ãã member Banks and Government of Tamil Nadu
ãã¾ããñã¶ã ãäã¾ãã Øã¾ããý ÔãªÔ¾ã ºãöã Ôãñ ããõÀ ¦ããä½ãÊã ¶ãã¡ì Àã¾ã ÔãÀããÀ participated in the above meetings.
ãñ ÌããäÀÓ Ô¦ãÀ ãñ ããä£ããããäÀ¾ããò ¶ãñ ¹ã¾ãìÃã¦ã ºãõããò ½ãò ¼ããØã ãäÊã¾ããý Corporate Social Responsibility
ãã¹ããóÀñ Ôãã½ãããäãã ªããä¾ã¦Ìã The Bank has, always, supported worthy social
causes and endeavours. During the year, the
ºãöã ÔãªõÌã ½ãîÊ¾ãÌãã¶ã Ôãã½ãããäãã ãäÖ¦ããò ããõÀ ¹ãÆ¾ããÔããò ããñ Ôã½ã©ãÃ¶ã ªñ¦ãã ÀÖã Bank contributed Rs. one crore each to two
Öõý ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ¶ãñ ½ãã¶ã¶ããè¾ã ½ãì¾ã ½ãâ¨ããè ÀãÖ¦ã ããñÓã ½ãò ªãñ Àã¾ããò states, viz., Andhra Pradesh and Karnataka,
towards the respective Chief Ministers Relief
ãã¶£ãÆ ¹ãÆªñÍã ããõÀ ã¶ããÃã ãñ ºããü¤ ¹ããèãäü¡¦ããò ããè ÀãÖ¦ã ãñ ãäÊã ¹ãÆ¦¾ãñã Funds to give relief to the flood affected people
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Àã¾ã ããñ ã ã ãÀãñü¡ ãã ¾ããñØãªã¶ã ãäª¾ããý Ôããñ ãÊããÌãã ºãöã ¶ãñ ºãü¡ñ in these two states. Apart from these, the Bank
also made donations to other organizations
¹ãõ½ãã¶ãñ ¹ãÀ Ôã½ãããÔãñÌããè ÔãâÔ©ããããò ããñ ¼ããè ªã¶ã ãäª¾ããý
serving the community at large.
Íããäã¦ã ãä¥¡¾ã¶ã ããñÌãÀÔããèã ºãöã ãäÞãª½ºãÀ½ã Þãñãäá¾ããÀ ½ãñ½ããñãäÀ¾ãÊã Sakthi Indian Overseas Bank Chidambaram Chettiar
È Ô Memorial Trust
Ñããè ½ã Ôããè ãè ½ã ãäÞãªâºãÀ½ã Þãñãäá¾ããÀ - ºãöã ãñ ÔãâÔ©ãã¹ãã ãñ Ô½ãÀ¥ã The Trust, set up jointly by the Management of the
½ãò ºãö ã ãñ ¹ãÆ º ãâ £ ã¶ã , ãä ¥ ¡¾ã¶ã ããñ Ì ãÀÔããè ã ºãö ã ããä £ ãããÀãè Ôãâ Ü ã ããõ À Bank, Indian Overseas Bank Officers Association and
ããäãÊã ¼ããÀ¦ããè¾ã ããñÌãÀÔããèã ºãöã ã½ãÃÞããÀãè ÔãâÜã ´ãÀã ÈÔ ããè Ô©ãã¹ã¶ãã All India Overseas Bank Employees Union, to
perpetuate the memory of Banks Founder Shri
Ôãâ¾ãìã¦ã Â¹ã Ôãñ ããè ØãÃ ããñ ½ããäÖÊããããò ããñ Ôãã½ãããäãã Ìã ãããä©ãÃã ããä£ãããÀ M.Ct.M. Chidambaram Chettiar, continued to provide
¹ãÆªã¶ã ãÀ¶ãñ Öñ¦ãì ¶ãããè Ì¾ããÌãÖããäÀã ãìÍãÊã¦ãã ½ãò Ôãì£ããÀ ãÀ¶ãñ Öñ¦ãì ¶Öò entrepreneurial development training to women
²ã½ããè ãäÌãããÔã ¹ãÆãäÍãàã¥ã ªñ ÀÖã Öõý thereby empowering them socially and financially.
È Ô ¶ãñ ãä Ì ãÍãñ Ó ããÀ ½ããä Ö Êããããò ãñ ãä Ê ã ãä Ì ããä ¼ ã¸ã ãñ ¶³ãò ¹ãÀ 44 ²ã½ããè The Trust has so far conducted 44 Entrepreneurial
Development Programmes (EDPs) exclusively for
ãäÌãããÔã ãã¾ãÃã½ã (Ã ¡ãè ¹ããè) ãã¾ããñãäã¦ã ãäã Öö, ãäãÔã½ãò 1601 ½ããäÖÊããâ women at various centres, benefiting 1,601 women.
Êãã¼ãããä¶Ìã¦ã ÖìÃ Ööý ¶ã ½ããäÖÊãã ²ããä½ã¾ããò ããõÀ ÔÌã¾ãâ ÔãÖã¾ã¦ãã Ôã½ãîÖãñâ ãñ For the women entrepreneurs and Self Help Groups,
¦¹ããªãò ããè ¹ãÆªÍãÃ¶ããè ÔãÖ ãäºãããè ãñ ãäÊã ãì Íããããããò ½ãò ãã ããñ IOB Sakthi Bazaars were organized at many
ºããè Íããäã¦ã ºããããÀ ãã¾ããñãäã¦ã ãäã Øãý branches, for exhibition cum sale of their products.
ãã ããñ ºããè Ôã½¹ãî¥ãÃ ¹ããäÀ¾ããñã¶ãã - Ôãâ¹ãî¥ãÃ ØãÆã½ã ãäÌãããÔã ¹ããäÀ¾ããñã¶ãã IOB-Sampoorna Project A Total Village
Development Project
ºãöã ¶ãñ ¹ãî¥ãÃ ØãÆã½ããè¥ã ãäÌãããÔã ãñ ÿñÍ¾ã Ôãñ ¦ããä½ãÊã ¶ãã¡ì ãñ ãä¦ãÁÌãÊÊãîÀ
The Bank launched an innovative rural development
ãä ãÊãñ ãñ ãì ¦¦ã½ºããã½ã Ìãâ ¹ã¡î À ØãÆ ã ½ã ½ãò , ¶ããØã¹ããä á ¥ã½ã ãä ãÊãñ ãñ project aiming at Total Village Development called
ãã½ãñÍÌãÀ½ã ØãÆã½ã ½ãò ¦ã©ãã ããñ¾ã½ºã¦¦ãîÀ ãäãÊãñ ãñ ªããäÊã¾ãîÀ ØãÆã½ã ½ãò ãã ããñ IOB-Sampoorna in Kuthambakkam and Padur
ºããè Ôãâ¹ãî¥ãÃ ¶ãã½ãã ØãÆã½ããè¥ã ãäÌãããÔã ¹ããäÀ¾ããñã¶ãã ¹ãÆãÀâ¼ã ããèý ããããñºããè- Villages in Tiruvallur District, Kameshwaram village
Ôãâ¹ãî¥ãÃ ã ãäÌããäÍãÓ ¹ããäÀ¾ããñã¶ãã Öõ ãäãÔã½ãò ØãÆã½ããè¥ã ã¶ãÔãâ¾ãã ãñ Ôã½ãØãÆ in Nagapattinam District, Dhaliyur Village in
ãäÌãããÔã ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ Öñ¦ãì ØããúÌããò ½ãò ã¶ãñã ããèãäÌãããããò ãñ ãäÊã Coimbatore District and Innambur village in Thanjavur
District of Tamil Nadu. IOB-Sampoorna is an unique
ÍãìÁãã¦ããè ¹ãÆ¾ããÔããò ããñ Íãããä½ãÊã ãäã¾ãã Øã¾ãã Öõý Project encompassing several livelihood initiatives
in the villages to ensure all-inclusive growth of rural
Ôã½ãò £ããÀ ¦ã©ãã ØãõÀ £ããÀ ÔãâÜãã ãõÔãñ ãäÌã¦¦ããè¾ã Ôã½ããÌãñÍã¶ã, ããÀãñºããÀ population.
ãÀñÔ¹ãâã¡ñ¶ ½ããù¡Êã ãñ ¦ãÖ¦ã ºãã¾ããñ½ãñãäÈã Ô½ããÃ ãã¡Ã ÔããäÖ¦ã ãã ãè
ãã£ãããä À ¦ã ºãö ã ä ãâ Øã ¹ããä À ÞããÊã¶ã, Ìãð à ããÀãñ ¹ ã¥ã ¦ã©ãã Ôãã½ãããä ãã Ìã¶ãÀãñ ¹ ã¥ã, It comprises credit and non-credit components such
as Financial Inclusion, I.T. enabled banking operations
ãÊããÍã¾ããò ããè Ôã¹ããÃ, ÖñÊ©ã ãñ¾ãÀ, ãâ¹¾ãîÀ ããõÀ ºããè¹ããè ããñ ½ãò ¾ãìÌãããò ãñ with Bio-metric Smart Cards under Business
ããõ Í ãÊã ¹ãÆ ã ä Í ãàã¥ã, ØãÆ ã ½ããè ¥ ã ããÀãñ º ããÀãè Ôãâ Ô ãã£ã¶ã ããÔããñ ã ä Ô ãÄ Ø ã, Øãõ À Correspondent model, Tree Planting and Social
¹ããÀâ¹ããäÀã ããÃ ÔãâÌã£ãÃ¶ã Ìãâ ØãÆã½ããè¥ã ¹ã¾ãÃ¶ã Íãããä½ãÊã Ööý Forestry, Cleaning Water Bodies, Health Care, Skill
Training for youth in computer, Rural Business
ØãÆã½ããè¥ã ÔÌã ÀãñãØããÀ ¹ãÆãäÍãàã¥ã ÔãâÔ©ãã¶ã (ããÀ Ôã Ã ãè ããÃ ) Process Outsourcing, Promotion of non-conventional
ØãÆ ã ½ããè ¥ ã ãä Ì ãããÔã ½ãâ ¨ ããÊã¾ã ,¼ããÀ¦ã ÔãÀããÀ ´ãÀã ããÀãè ãä ª Íãããä ¶ ãªó Í ããò ãñ energy and Rural Tourism.
ã¶ãìÔããÀ ºãöã ¶ãñ ãäãÔãã¶ããò , Ôã Þã ããè ãñ ÔãªÔ¾ããò , Ôã ããè Ôã ÌããÃ Rural Self Employment Training Institutes (RSETIs)
ãñ ¦ãÖ¦ã Êãã¼ã¼ããñ ã ä Ø ã¾ããò , ãä Í ããä à ã¦ã ºãñ À ãñ ãØããÀ ¾ãì Ì ãããò , ããÀãè Ø ãÀãò ããõ À In line with the guidelines issued by Ministry of Rural
ØãÀãèºã ÌãØãÃ ãñ Êãã¼ã¼ããñãäØã¾ããò ããñ ¹ãÆãäÍãàã¥ã ªñ¶ãñ ãñ ãäÊã ãä¦ãÁã¶ãâ¦ã¹ãìÀ½ã Development, Govt of India, Bank had set up RSETIs
(ãñÀÊã Àã¾ã ) , ãä¦ãÁ¶ãñÊãÌãñãäÊã , ¦ãâããÀ ããõÀ ãä¦ãÁãäÞÞã (¦ããä½ãÊã ¶ãã¡ì at Thiruvananthapuram (Kerala State), Tirunelveli,
Àã¾ã) ½ãò ããÀ Ôã Ã ãè ãã ããè Ô©ãã¹ã¶ãã ããè Öõý Thanjavur and Trichy (Tamilnadu State) to provide
training to farmers, members of SHGs, beneficiaries
ºãöã ´ãÀã (¶ããºãã¡Ã ¦ã©ãã ãä¥¡¾ã¶ã ºãöã ãñ Ôãã©ã Ôãâ¾ãìã¦ã Â¹ã Ôãñ) ããÀõãìü¡ãè under SGSY, Educated Unemployed Youths, Artisans
(ãäÍãÌãØãâØãã ãäãÊãã, ¦ããä½ãÊã¶ãã¡ì) ½ãò ã ØãÆã½ããè¥ã ãñ¶³ ããè Ô©ãã¹ã¶ãã ããè and Beneficiaries belonging to weaker sections.
ØãÃ ©ããè ý ¶ã ãä ãÊããò ½ãò ºãö ã ãØãÆ ¥ ããè ºãö ã ãã ªããä ¾ ã¦Ìã ãä ¶ ã¼ãã ÀÖã Öõ ý One Rural Training Centre was set up by the Bank
Ôã½ããèàãã£ããè¶ã ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ¶ãñ ¶ã ¹ãÆãäÍãàã¥ã ÔãâÔ©ãã¶ããñâ ãñ ½ãã£¾ã½ã Ôãñ (jointly with NABARD and Indian Bank) at Karaikudi
142 ¹ãÆãäÍãàã¥ã ãã¾ãÃã½ã ÞãÊãããÀ ãìÊã 3,322 ¹ãÆãäÍãàãìããñâ ããñ ¹ãÆãäÍãàã¥ã (Sivaganga District, Tamil Nadu). The Bank has Lead
Bank responsibility in these Districts. During the year
¹ãÆªã¶ã ãäã¾ããý under review, through these Training Institutes, the
ãäÌã¦¦ããè¾ã ÔããàãÀ¦ãã ããõÀ £ããÀ ããâãäÔããäÊãâØã ãñ¶³ ( ¹ã Êã Ôããè Ôããè Bank conducted 142 training programmes benefiting
3,322 trainees.
Ôããè) ãõÔãñ Ô¶ãñÖã
Financial Literacy and Credit Counselling Centres
Ôã½ããèàãã£ããè¶ã ÌãÓãÃ ãñ ªãõÀã¶ã ãã½ã ã¶ã¦ãã ½ãò ãäÌã¦¦ããè¾ã ãäÍãàãã ããõÀ ããØãÂã¦ãã (FLCCC) viz., SNEHA
Êãã¶ãñ ãñ ÿñÍ¾ã Ôãñ ºãöã ¶ãñ ¶ããØãÀããñãäÌãÊã ããõÀ ãä¦ãÁãäÞÞã ½ãñ ªãñ ¹ã Êã
With a view to promoting financial education and
Ôããè Ôããè Ôããè ããè Ô©ãã¹ã¶ãã ããèý ¶ã ãñ¶³ãò ½ãñ ØãÆã½ããè¥ã ããõÀ ÍãÖÀãè ÊããñØããò ããñ awareness among general public the Bank set up
two FLCCCs at Nagercoil and Trichy during the year
23
ãäÌããä¼ã¸ã ãäÌã¦¦ããè¾ã ¦¹ããªãò/ ããõ¹ãÞãããäÀã ãäÌã¦¦ããè¾ã àãñ¨ã Ôãñ ¹ãÊãº£ã ÔãñÌããããò under review. These centres will educate the people
in rural and urban areas with regard to various
ããè ãã¶ãããÀãè ªãè ããØããè, Ì¾ããäã¦ãØã¦ã Â¹ã Ôãñ ãããÀ ãäÌã¦¦ããè¾ã ããâãäÔããäÊãâØã
financial products / services available from formal
ÔãñÌãã ªãè ããØããè ããõÀ ããÃªãÀãò ããñ ããÃ ããâãäÔããäÊãâØã ÔãñÌãã ªãè ããØããèý financial sector, provide face-to-face financial
counselling services and offer debt counselling to
ãäÌã¦¦ããè¾ã Ôã½ããÌãñÍã¶ã indebted individuals.
¹ãîÌãÃ ½ãò ºãöãäãâØã ããè Ì¾ãÌãÔ©ãã Ôãñ ¶ã ãìü¡ñ ÊããñØããñâ ããñ ºãöãäãâØã Ì¾ãÌãÔ©ãã Ôãñ Financial Inclusion
ããñü¡¶ãñ Öñ¦ãì ºãöã ¶ãñ 2,06,162 ¶ããñ ãä¹ãÆÊã ºãÞã¦ã ºãöã ãã¦ãñ ããñÊãñ ããõÀ In order to bring hitherto excluded people under
Ôãã£ããÀ¥ã ¹ãÆ ¾ ããñ ã¶ã Öñ ¦ ã 16,930 ãñ ãä ¡ ãã¡Ã ãä Ì ã¦ããä À ¦ã ãä ãý banking fold during the year under review, Bank has
opened 2,06,162 No-frills SB accounts and granted
ÊããñØããò ¦ãã ºãöã ããè ÔãìãäÌã£ããâ ¹ãÖìúÞãã¶ãñ ãñ ãäÊã ºãöã ¶ãñ 6 Àã¾ããò Ìã ã 16,930 General Purpose Credit Cards.
ÔãâÜã ÍãããäÔã¦ã ¹ãÆªñÍã ½ãò ãìÊã 33 Íããããããò ( 18 àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ) ½ãò To increase the outreach of banking services the
Ô½ããÃ ãã¡Ã ºãöãäãâØã ¹ãÆãÀâ¼ã ãäã¾ããý ØãÆã½ããè¥ã ÊããñØã ºãã¾ããñ ½ãñãäÈã ãã¡Ã ãã Bank introduced Smart Card Banking in 33 Branches
¹ãÆ¾ããñØã ãÀãñ ÖÔ¦ãÞãããäÊã¦ã ãä¡ÌããÔã Ôãñ ØããúÌã ½ãò Öãè ºãöãäãâØã ããÀãñºããÀ ãã (18 Regions) across 6 States and one Union Territory.
Êãñ¶ã ªñ¶ã ãÀ Ôãã¦ãñ Ööý ãÀñÔã¹ããâ¡ò ´ãÀã ØãÆãÖããò ãñ ÜãÀ ¹ãÀ Öãè ÔãñÌããããò Rural people can transact banking business at the
village itself with the use of bio-metric smart cards
ããè Ôãì ¹ ãì ª Ã Ø ããè ããè ãã¦ããè Öõ ý Ô©ãã¶ããè ¾ ã ¼ããÓãã ½ãò ¹ãÆ ¾ ãì ã ¦ ã ¾ãñ ãä ¡ ÌããÔãñ Ô ã through Hand Held Devices. Business
ããäÍããäàã¦ããò ãñ ãäÊã ¾ãîãÀ ¹ãÆò¡Êããè Öõý Ôã½ããèàãã£ããè¶ã ÌãÓãÃ ãñ ªãõÀã¶ã 3,504 Correspondents deliver the services at the door step
ºãã¾ããñ½ãñãäÈã ãã¡Ã ããÀãè ãäã Øãý of the customers. The devices are voice - enabled
in vernacular language and user friendly for illiterates.
ãðãäÓã £ããÀ ½ãã¹ããè ããõÀ ¨ãÉ¥ã ÀãÖ¦ã ¾ããñã¶ãã 2008 3,504 biometric smart cards were issued during the
year under review.
¼ããÀ¦ã ÔãÀããÀ ãñ ½ãã¶ã¶ããè¾ã ãäÌã¦¦ã ½ãâ¨ããè ããè ãðãäÓã ½ãã¹ããè ããõÀ ¨ãÉ¥ã ÀãÖ¦ã
Agricultural Debt Waiver and Debt Relief Scheme
¾ããñã¶ãã 2008 ãñ ¦ãÖ¦ã ºãöã ¶ãñ 3.07 Êããã ãññ Ìã Ôããè½ããâ¦ã ãðÓãããñò ãñ 2008
Á. 580.89 ãÀãñü¡ ãñ Ôãã©ã-Ôãã©ã 68,000 ã¶¾ã ¹ãã¨ã ãðÓãããò ããñ Á.
Agricultural Debt Waiver and Debt Relief Scheme
133.00 ãÀãñü¡ ããè ¨ãÉ¥ã ½ãã¹ããè ãñ ãäÊã ¹ãÖÞãã¶ãã Öõ ããñ ãìÊã ãä½ãÊãããÀ 2008 was announced by the Honble Union Finance
ã½ãÍã: 3.75 Êããã ãðÓãã Ìã Á. 713.89 ãÀãñü¡ ©ããèý Minister, Govt. of India. Under the scheme, the Bank
has identified 3.07 lac Small and Marginal Farmers
ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã Ôãñ ½ãã¹ããè ªãÌãã Àã½ã ãñ Â¹ã ½ãò Á.371.98 eligible for waiver to the tune of Rs.580.89 crores
ãÀãñü¡ ããè ¹ãÆãä¦ã¹ãîãä¦ãÃ ¹ãÆã¹¦ã ããèý ã¶¾ã 68,000 ãðÓãããò (ããñ¹ã) ½ãò Ôãñ and 68,000 other farmers eligible for Relief of
Rs.133.00 crores totaling 3.75 lac farmers and
46,000 ã¶¾ã ãðÓãããò ¶ãñ ã¹ã¶ãñ ãäÖÔÔãñ ãã ¼ãìØã¦ãã¶ã ãäã¾ãã ããõÀ ºãöã ¶ãñ Rs.713.89 crores respectively.
¹ãÆãÀâãä¼ãã Â¹ã ½ãò Á. 83.16 ãÀãñü¡ ãã ªãÌãã ãäã¾ããý ã¶¾ã ãðÓãããò ãñ
ãäÖÔÔãñ ãñ ¼ãìØã¦ãã¶ã ããè ãâãä¦ã½ã ãä¦ããä©ã ºãü¤ããÀ 30.06.2010 ãÀ ªãè ØãÃ Bank received an amount of Rs.371.98 crores from
Reserve Bank of India , as the reimbursement of
Öõý waiver claim amount. Out of 68,000 Other Farmers
(OF) 46,000 other farmers, paid their share and Bank
ããñ ã ä ã½ã ¹ãÆ º ãâ £ ã¶ã has made a preliminary claim of Rs.83.16 crore. The
ãäª¶ããâã 31 ½ããÞãÃ 2008 Ôãñ ºãöã ¶ãñ ¶ãÃ ¹ãîúããè ¹ã¾ããÃ¹¦ã¦ãã ¹ãÆñ½ãÌããÃ (ºãñÔãÊã last date for payment of other farmers share is
extended upto June 30,2010.
II) ããñ ã¹ã¶ãã ãäÊã¾ãã Öõý ¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ´ãÀã Ôã¼ããè Ìãããä¥ããä¾ãã
ºãöããò ããñ ãäª Øã ã¶ãìªñÍããò ãñ ã¶ãìÔããÀ ºãöã £ããÀ ããñãäã½ã ¹ãîúããè ãñ Risk Management
¹ããäÀãÊã¶ã ãñ ãäÊã ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã (Ôã ) ããõÀ ¹ããäÀÞããÊã¶ãã¦½ãã The Bank has adopted the New Capital Adequacy
Framework (Basel-II) with effect from March 31, 2008.
ããñãäã½ã ãñ ãäÊã ãã£ããÀ¼ãî¦ã Ôãâãñ¦ãã ÒãäÓããñ¥ã (ºããèãã) ããõÀ ºããããÀ In line with Reserve Bank of Indias instructions to
ããñãäã½ã ãñ ãäÊã ¹ãúîããèØã¦ã ã¹ãñàããããò ãñ ãäÊã ½ãã¶ãããèãð¦ã ãÌããä£ã ÒãäÓããñ¥ã all commercial banks, the Bank is adopting
(Ôã¡ãè) ããñ ã¹ã¶ãã ÀÖã Öõý Ôã Ôãâºãâ£ã ½ãò ºãöã ãäÌããä¶ã¾ãã½ãã ã¹ãñàããããò Standardised Approach (SA) for computation of Credit
ãã ¹ãî¥ãÃ ã¶ãì¹ããÊã¶ã ãÀ ÀÖã Öõý Risk Capital, Basic Indicator Approach (BIA) for
calculating the capital for Operational Risk and the
Standardised Duration Approach (SDA) for computing
ããØãñ , ºãö ã ºãñ Ô ãÊã-II ¹ãÆ ñ ½ãÌããÃ ãñ ¦ãÖ¦ã ãä Ê Êããä ã¦ã ã¹ã¶ããè ããñ ã ä ã½ã capital requirement for market risks. The Bank is in
¹ãÆºãâ£ã¶ã ¹ãÆ¥ããÊããè ¸ã¦ã ãÀ¶ãñ Ìãâ ã¹ã¶ããè ãã¾ãÃ¹ãÆ¥ãããäÊã¾ããò ããñ ¸ã¦ã ÔÌãÂ¹ã compliance with the regulatory requirement in this
½ãò ºãªÊã¶ãñ ããè ¹ãÆãäã¾ãã ½ãò Öõý regard.
Further, the Bank is in the process of upgrading its
risk management systems and practices for migrating
to the advanced approaches envisaged under the
Basel-II Framework.
24
ã¶ãì¹ããÊã¶ã ãã¾ãÃ Compliance Function
ãä ¦ ã½ããÖãè ãã£ããÀ ¹ãÀ Øãõ À -ã¶ãì ¹ ããÊã¶ã ãñ Ôãâ ãñ ¶³¥ã ãñ ãä ¶ ã£ããÃ À ¥ã ´ãÀã In order to arrive at the Compliance Risk by
ascertaining the concentration of non-compliance, the
ã¶ãì ¹ ããÊã¶ã ããñ ã ä ã½ã ¦ãã ¹ãÖì ú Þ ã¶ãñ ãñ ãä Ê ã Íããããããò ½ãò ã¶ãì ¹ ããÊã¶ã ãñ system of verification of level of compliance in
Ô¦ãÀ ãñ Ôã¦¾ãã¹ã¶ã ããè ¹ãÆ¥ããÊããè ããñ ã ¦ãâ¨ã ããè ¦ãÀÖ ¹ã¾ããñØã ãäã¾ãã ãã¦ãã branches is used as a tool. An official of a branch
Öõý Íãããã ãã ã ããä£ãããÀãè ªîÔãÀãè Íãããã ½ãò ½ãîÊã ½ãã½ãÊãñ, ããñ ÞÞã would verify the level of compliance in core issues
Ìãâ ½ã£¾ã½ã ããñãäã½ã ãñ ¦ãÖ¦ã ãã¦ãñ Öö, ãñ ã¶ãì¹ããÊã¶ã Ô¦ãÀ ããè ãä¦ã½ããÖãè in another branch which are of High and Medium
risk on quarterly basis. The overall Compliance Risk
ãã£ããÀ ¹ãÀ ããúÞã ãÀñØããý Íããããããò ½ãò ãìÊã ã¶ãì¹ããÊã¶ã ããñãäã½ã, ããñ in branches, which was at 4.69 % as on December
31 ãä ª Ôã½ºãÀ, 2008 ããñ 4.69% ©ãã, ãä ª ¶ããâ ã 31-12-2009 ããñ 31, 2008 has been brought down to 3.95 % as on
ÜããÀ 3.95% Öãñ Øã¾ããý ãäÌãªñÍããè Íããããããò Ìãâ ¹ãÆãä¦ããä¶ããä£ã ãã¾ããÃÊã¾ããò December 31, 2009. The Self Assessment procedure
ãñ ãäÊã ÍãìÂ ããè Øã¾ããè ÔÌã-ãä¶ã£ããÃÀ¥ã ¹ãÆãäã¾ãã ¼ããè ãäÌããä¶ã¾ãã½ãã ã¶ãì¹ããÊã¶ã introduced for overseas branches and Representative
Offices also serves as an effective tool for Regulatory
Þãñã ãäÊãÔ ãñ ãäÊã ã ¹ãÆ¼ããÌããè ¦ãâ¨ã ããè ¦ãÀÖ ãã½ã ãÀ¦ãã Öõý ½ãì³ã Compliance Check List. The compliance self
ãä ¦ ãããñ À ãè , ãñ ¶³ãè ¾ ã Ôã½ããÍããñ £ ã¶ã Øãð Ö Ìãâ ãä ¡ ¹ããù ã ä û ãÀãè Ôãñ Ì ãã Íãããã ãñ assessment procedure introduced for Currency
ãäÊã ÍãìÂ ããè Øã¾ããè ã¶ãì¹ããÊã¶ã Ìãâãä¶ã£ããÃÀ¥ã ¹ãÆãäã¾ãã Ôãñ ¶ã ãã¾ããÃÊã¾ããò Chests, Central Clearing Offices and Depository
½ãò ã¶ãì¹ããÊã¶ã ãñ Ô¦ãÀ ½ãò Ôãì£ããÀ Öìãã Öõý Service branch has improved the level of compliance
in these offices.
ÌãÔãîÊããè ¹ãÆºãâ£ã¶ã Recovery Management
1) ãã¶ãããÀãè ºããú¶ãã, 2) ããä¼ã¹ãÆñÀ¥ã / ÔãÖ¾ããñØã, 3) ¶ãÃ ããõÀ ¶ãÌããñ¶½ãñÓããè Many pro-active efforts were initiated such as 1)
¾ããñã¶ããããò ãñ ããäÀ ããä£ãããÀ Ôããö¹ã¶ãñ ããõÀ ¹ãÆØããä¦ã ãã ¹ãÆºããñ£ã¶ã ãÀ¶ãñ dissemination of information 2) motivation/support 3)
ãõÔãñ ãÃ Ôããäã¾ã ¹ãã¾ã ÍãìÂ ãäãý ¶ã ¹ãã¾ããò Ôãñ ¹ããäÀÞããÊã¶ãã¦½ãã Ô¦ãÀ empowerment through new and innovative schemes
and 4) monitoring of progress. These measures
¹ãÀ ÔãããÀã¦½ãã ¹ãÆ¼ããÌã ¹ãü¡ã Ìãâ ¶ã¹ããè ¹ãÆºãâ£ã¶ã ãñ ¦ãÖ¦ã ãã¹ããè Ôãì£ããÀ infused positive outlook at the operational level and
Öìããý ¶ã ¹ãã¾ããò ½ãò Ôããä½½ããäÊã¦ã Öö - there was a perceptible improvement under NPA
Management. The measures include
ã. Ôã¼ããè ¹ãã¨ã ½ãã½ãÊããò ½ãò ÔãÀ¹ããÔããè ãñ ¦ãÖ¦ã 100% ããÀÃ Ì ããÃ ¹ãÀ
ããñ À ý a) Emphasis on 100% action under SARFAESI in
all eligible cases
ã. ãã¦ããò ããñ ã²ã¦ã¶ã ãÀ¶ãñ ãñ ãäÊã ãä¶ã¾ã¦ã Àã½ã ããè ÌãÔãîÊããè ¹ãÀ b) Emphasis on recovery of critical amount towards
ããñ À ý upgrading the accounts
Øã. ãññ ½ãîÊ¾ã ãñ ãã¦ããò (ããñãèÔã-ÔãÌããè) ãñ ãäÊã ã ºããÀØããè c) Launching of One Time Settlement Scheme for
Small Value Accounts (OTS-SVA), which
ãä ¶ ã¹ãã¶ã ¾ããñ ã¶ãã ããè Íãì Â ãã¦ã, ãä ãÔã¶ãñ Íãããã ¹ãÆ ½ ãì ããò ããñ delegated Discretionary powers to Branch Heads.
ãä Ì ãÌãñ ãããä £ ãããÀ ããè Íããä ã ¦ ã ¹ãÆ ª ã¶ã ããè Öõ ý ¾ãÖ ¾ããñ ã¶ãã The Scheme was in force from 19.10.2009 to
ãä ª ¶ããâ ã 19-10-2009 Ôãñ 31-03-2010 ¦ãã ÊããØãî ©ããè ý 31.03.2010.
Üã. ãä ª ¶ããâ ã 01-02-2010 Ôãñ 31-07-2010 ¦ãã Ôã¹ã ãñ ãä Ê ã d) Launching of recovery contest to staff from
01.02.2010 to 31.07.2010, which provided
ÌãÔãîÊããè ¹ãÆãä¦ã¾ããñãäØã¦ãã ããè ÍãìÂãã¦ã, ãäãÔã½ãò Ôã¹ãÊã ãä¶ãÓ¹ããªããò ããñ payment of Cash incentive to successful
¶ããª ¹ãÆãñ¦ÔããÖ¶ã ãñ ¼ãìØã¦ãã¶ã ãã ¹ãÆãÌã£ãã¶ã ©ããý performers.
ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ¶ãñ Á.787 ãÀãñü¡ ããè ÌãÔãîÊããè ããè ãäãÔã½ãò ºãáñ ãã¦ãñ During the year, the Bank made substantial recovery
of Rs.787 crore including recovery from written-off
½ãò ¡ãÊãñ Øã ãã¦ãñ ¼ããè Íãããä½ãÊã Ööý ÌãÓãÃ ãñ ªãõÀã¶ã Á.435 ãÀãñü¡ ãñ accounts. NPAs to the extent of Rs. 435 crore were
ã¶ããÃã ãã¦ããò ãã ¼ããè ¸ã¾ã¶ã ãäã¾ãã Øã¾ããý also upgraded during the year.
ÔãîÞã¶ãã ãñ ããä£ãããÀ ããä£ããä¶ã¾ã½ã ãñ ¦ãÖ¦ã ¾ãããäÞãããããò ãã ãä¶ã¹ããÀã Disposal of petitions received under RTI Act
ÌãÓãÃ 2009-10 ãñ ªãõ À ã¶ã Ôãî Þ ã¶ãã ãñ ããä £ ãããÀ ããä £ ããä ¶ ã¾ã½ã ãñ ¦ãÖ¦ã The Bank received 1,421 petitions seeking information
under RTI Act during the year 2009-10. All the
ãã¶ãããÀãè ½ããú Ø ã¦ãñ Öì ºãö ã ããñ 1,421 ¾ãããä Þ ãããú ¹ãÆ ã ¹¦ã Öì Ã ý Ôã¼ããè requests were duly replied within the specified period
ã¶ãìÀãñ£ããò ãã ãÌããºã ãä¶ã£ããÃãäÀ¦ã Ôã½ã¾ã Ôããè½ãã ã©ããÃ¦ãÁ.30 ãäª¶ããò ãñ ¼ããè¦ãÀ of 30 days. Eligible petitions (85%) were positively
ãäª¾ãã Øã¾ããý ¹ãã¨ã ¾ãããäÞãããããò (85%) ¹ãÀ ÔãããÀã¦½ãã ãÌããºã ãäª¾ãã Øã¾ãã replied and the balance applications were found
ããõÀ ÍãñÓã ããÌãñª¶ã ½ããâØãñ Øã ãäÌãÌãÀ¥ã ãñ ãäÊã ã¹ãã¨ã ¹ãã Øãý ineligible for the requested details.
First Appellate Authority received 122 first appeals,
¹ãÆ©ã½ã ã¹ããèÊããè¾ã ¹ãÆããä£ãããÀãè ´ãÀã 122 ¹ãÆ©ã½ã ã¹ããèÊã ¹ãÆã¹¦ã ãäã Øã, ããñ which were not satisfied with the reply of Central
ãñ ¶³ãè ¾ ã ã¶ã Ôãî Þ ã¶ãã ããä £ ãããÀãè ãñ ¦¦ãÀ Ôãñ Ôãâ ¦ ãì Ó ¶ãÖãé ©ãñ ý ¶ã Public Information Officer. These appeals were duly
ã¹ããèÊããò ãã ãä¶ã¹ãã¶ã ããä£ããä¶ã¾ã½ããò ãñ ¹ãÆãÌã£ãã¶ããò ãñ ã¶ãìÔããÀ ãäã¾ãã Øã¾ããý disposed as per the due provisions of the Act.
½ãã¶ã¶ããè¾ã ãñ¶³ãè¾ã ÔãîÞã¶ãã ãã¾ããñØã ãñ Ôã½ãàã 19 ã¹ããèÊã ¾ãããäÞãããããò ããñ 19 Appeal petitions were escalated as Second
Appeal before the Honble Central Information
ãä´¦ããè¾ã ã¹ããèÊã ãñ Â¹ã ½ãò Àãã Øã¾ããý ½ãã¶ã¶ããè¾ã ãñ¶³ãè¾ã ÔãîÞã¶ãã ãã¾ããñØã Commission. All 19 Appeals were disposed by the
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ãñ ´ãÀã Ôã¼ããè 19 ã¹ããèÊããò ãã ãä¶ã¹ããÀã ãäã¾ãã Øã¾ããý ããã ããè ¦ããÀãèã Honble CIC. Bank had maintained favourable
¦ãã ããè Ôã¼ããè 54 ãä´¦ããè¾ã ã¹ããèÊããò ¹ãÀ ºãöã ããñ ã¶ãìãîÊã ãä¶ã¥ãÃ¾ã ¹ãÆã¹¦ã decisions in all the 54 Second Appeals decided till
date.
Öìý
Industrial Rehabilitation
ããõ²ããñãäØãã ¹ãì¶ãÌããÃÔã Number of cases under BIFR/AAIFR as at March 31,
31 ½ããÞãÃ 2010 ¦ãã ºããè ããÃ ¹ãããÀ / ããÃ ¹ãããÀ ãñ ¦ãÖ¦ã 27 2010 were 27 with an exposure of Rs. 153.36 crore.
½ãã½ãÊãñ ©ãñ ãä ãÔã½ãò Á.153.36 ãÀãñ ü ¡ ãñ £ããÀ ©ãñ ý ¶ã½ãò Ôãñ ãì Êã Of this 7 accounts for Rs. 74.78 crore were standard
and performing. Out of NPA accounts, recovery in 6
Á.74.78 ãÀãñü¡ ãñ 7 ãã¦ãñ ½ãã¶ãã Ìãâ ããÃã ©ãñý ã¶ããÃã ãã¦ããò ½ãò cases amounting to Rs. 4.53 crore was made and
Ôãñ 6 ½ãã½ãÊããò ½ãò Á.4.53 ãÀãñü¡ ããè ÌãÔãîÊããè ããè Øã¾ããè Ìãâ ºããèããÃ¹ãããÀ one standard account under BIFR reference with an
Ôãâª¼ãÃ ãñ ¦ãÖ¦ã Á.3.23 ãÀãñü¡ ãñ ããñãäã½ã ÌããÊãñ ã ½ãã¶ãã ãã¦ãñ ããñ exposure of Rs. 3.23 crore was also closed. During
ºãâª ãÀ ãäª¾ãã Øã¾ããý ÌãÓãÃ ãñ ªãõÀã¶ã, Á.11.38 ãÀãñü¡ ãñ 3 ãã¦ãñ ããñ the year, 3 accounts with an aggregate exposure of
Rs. 11.38 crore were brought out of SICA purview,
ÔãããÃÔããè ãñ ªã¾ãÀñ Ôãñ ºããÖÀ ãä¶ãããÊãã Øã¾ãã, ªãñ ãã¦ããò ããñ ÔãÀ¹ããÔããè two accounts through SARFAESI action and one
ããÀÃ Ì ããÃ ãñ ´ãÀã Ìãâ ã ãã¦ãã ããñ ºããè ããÃ ¹ãããÀ ãñ ´ãÀã ãä ¶ ãØãÃ ¦ ã account by winding up order passed by BIFR.
ããªñÍã ãñ ããäÀ ºã¶ª ãäã¾ãã Øã¾ããý Corporate Debt Restructuring
ããù¹ããñÃÀñ ¨ãÉ¥ã ¹ãì¶ã: ÔãâÀÞã¶ãã As on March 31, 2010, the number of restructured
borrowal accounts under CDR mechanism was 12
31-03-2010 ¦ãã Ôããè¡ãèããÀ ¦ãâ¨ã ãñ ¦ãÖ¦ã ¹ãì¶ã: ÔãâÀãäÞã¦ã £ããÀ ãã¦ããò and the total outstanding was Rs. 335.60 crore (9
ããè Ôãâ ¾ãã 12 ©ããè Ìãâ ãì Êã ºããã¾ãã Á.335.60 ãÀãñ ü ¡ (31-03- cases with an outstanding of Rs. 176.05 crore
2009 ¦ãã Á.176.05 ãÀãñ ü ¡ ºããã¾ãã ãñ 9 ½ãã½ãÊãñ ) ©ãã, ãä ãÔã½ãò outstanding as on 31.3. 2009) of which 10 accounts
Á.285.66 ãÀãñü¡ ãñ 10 ãã¦ãñ ½ãã¶ãã Ñãñ¥ããè Ìãâ Á.49.94 ãÀãñü¡ ãñ for Rs. 285.66 crore are under standard category
and 2 accounts for Rs. 49.94 crore are sub-standard.
2 ãã¦ãñ ãÌã½ãã¶ãã Ñãñ¥ããè ãñ Ööý ÌãÓãÃ ãñ ªãõÀã¶ã Á.173.88 ãÀãñü¡ ãñ During the year, 3 new standard accounts entered
ãì Êã £ããÀ Ôããä Ö ¦ã 3 ¶ã ½ãã¶ãã ãã¦ãñ Ôããè ¡ ãè ããÀ ¹ãÆ ¥ ããÊããè ½ãò Íãããä ½ ãÊã CDR mechanism with total exposure of Rs. 173.88
Öìý ãÌã½ãã¶ãã ãã¦ããò ããè ÌãÔãîÊããè Öñ¦ãì ¹ãÆ¾ããÔã ããÀãè Öõý crore . Efforts are on for recovery of sub-standard
accounts.
ãä¶ãÌãñÍã Investments
ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã ãä¶ãÌãñÍã ½ãò Ìãðãä® ¹ãÆÔ¦ãì¦ã: ÔããâãäÌããä£ãã ¦ãÀÊã¦ãã The growth in investments during the year 2009-10
ã¹ãñàããããò ½ãò Ìãðãä® ãñ ããÀ¥ã ããè ããñ ãäã, ¹ãÆ½ãìã¦ã: ºãöã ããè ã½ããããò ½ãò was mainly driven by the increase in Statutory
Ìãðãä® ãñ ¹ããäÀ¥ãã½ã ÔÌãÂ¹ã ©ããèý ãä¹ãÊãñ ÌãÓãÃ ããè ¦ãìÊã¶ãã ½ãò 20.65% ããè Liquidity requirements resulting mainly out of Deposit
growth of the bank. Gross Domestic Investments as
Ìãðãä® ªãÃ ãÀ¦ãñ Öì ãäª¶ããâã 31-03-2009 ¦ãã Á.30,497.19 ãÀãñü¡ of March 31, 2010 stood at Rs. 36,795.09 crore as
ãñ ½ãì ããºãÊãñ ãä ª ¶ããâ ã 31-03-2010 ¦ãã ÔããÊã ÜãÀñ Ê ãî ãä ¶ ãÌãñ Í ã Â. against Rs. 30,497.19 crore as on 31.03.2009
36795.09 ãÀãñ ¡ ÀÖãè ý ÌãÓãÃ ãñ ªãõ À ã¶ã ÔãÊãããÀ ¹ãÆ ã ä ¦ ã¼ãî ã ä ¦ ã ½ãò registering a growth of 20.65% over the previous
Á.5,516.11 ãÀãñ ü ¡ ¾ãã 20.67% ããè Ìãð ã ä ® ªãÃ ããè Øã¾ããè ãºã ãä ã year. Investments in SLR securities registered a
growth of Rs.5,516.11 crore or 20.67% during the
ØãõÀ-ÔãÊãããÀ ãä¶ãÌãñÍã ½ãò Á.709.21 ãÀãñü¡ ¾ãã 18.62% ããè Ìãðãä® year while Non SLR Investments increased by
Öì Ã ý Rs.709.21 crore or 18.62%.
ÌãÓãÃ 2009-2010 ãñ ªãõÀã¶ã, Á.1,001.46 ãÀãñü¡ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú, During the year 2009-10, securities for Rs.1,001.46
ãäºãããè ãñ ãäÊã ¹ãÊãº£ã (¹ãÔã) Ôãñ ¹ããäÀ¹ããã ½ãò Àããè (Þããè½ã) crore were transferred from Available for Sale (AFS)
to Held to Maturity (HTM) segment, Rs.2,216.70 crore
ÔãñØã½ãò ½ãò ãâ¦ããäÀ¦ã ããè ØãÃ Á.2,216.70 ãÀãñü¡ ããñ ¹ããäÀ¹ããã ½ãò Àããè from Held to Maturity (HTM) to Available for Sale
(Þããè½ã) Ôãñ ãäºãããè ãñ ãäÊã ¹ãÊãº£ã ½ãò (¹ãÔã) ½ãò ãâ¦ããäÀ¦ã ããè (AFS). As on 31.03.2010, the SLR securities held in
Øã¾ããèý 31-03-2010 ¦ãã, Þããè½ã ½ãò £ãããäÀ¦ã ÔãÊãããÀ ¹ãÆãä¦ã¼ãîãä¦ã¾ããú HTM stood at 22.39% of DTL against the limit of
¼ããÀ¦ããè ¾ ã ãä À û ãÌãÃ ºãö ã ´ãÀã ãä ¶ ã£ããÃ ã ä À ¦ã 25% Ôããè ½ ãã ãñ ¹ãÆ ã ä ¦ ã 31-03- 25% prescribed by Reserve Bank of India, compared
to 22.62% as on 31.03.2009.
2009 ¦ãã 22.62% ããè ¦ãì Ê ã¶ãã ½ãò 22.39% ÀÖãè ý
The market was volatile and the Bank continued to
ºããããÀ ããä Ô ©ãÀ ©ãã ããõ À ºãö ã ¶ãñ ¹ãî À ñ ÌãÓãÃ ½ãò ãä ¶ ã¾ã¦ã ãã¾ã ¹ãÆ ã ä ¦ ã¼ãî ã ä ¦ ã¾ããò trade both in Fixed Income Securities and Equities
ããõÀ ÃãäãÌããè Íãñ¾ãÀãò ½ãò ã¹ã¶ãã Ì¾ãã¹ããÀ ºã¶ãã Àããý ÌãÓãÃ 2008-09 throughout the year. Total turnover (Book Value) in
the secondary market reached Rs.65,790 crore during
ãñ ªãõÀã¶ã Á.83,581 ãÀãñü¡ ããè ¦ãìÊã¶ãã ½ãò ÌãÓãÃ 2009-10 ½ãò ãä´¦ããè¾ãã the year 2009-10 as against Rs.83,581 crore during
ºããããÀ ½ãò ããÀãñ º ããÀ ãä ã Øã Íãñ ¾ ãÀãò ãì Êã ¹ã¥¾ããÌã¦ãÃ (ºãÖãè ½ãî Ê ¾ã) the year 2008-09. Total profit on sale of securities
Á.65,790 ãÀãñü¡ ÀÖãý ÌãÓãÃ 2009-10 ½ãò ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããè ãäºãããè Ôãñ amounted to Rs. 291.86 crore during the year
¹ãÆã¹¦ã ãìÊã Êãã¼ã Á.291.86 ãÀãñü¡ ©ãã ãºã ãäã ÌãÓãÃ 2008-09 ½ãò ¾ãÖ 2009-10 as against Rs. 636.83 crores during the
year 2008-09. Return on total investments (excluding
636.83 ãÀãñ ü ¡ ©ããý ãì Êã ãä ¶ ãÌãñ Í ããò ¹ãÀ ¹ãÆ ã ä ¦ ãÊãã¼ã (¹ãÆ ã ä ¦ ã¼ãî ã ä ¦ ã¾ããò Ìã Profit on Sale of Securities & including amortisation)
¹ããäÀÍããñ£ã¶ã ããè ãäºãããè ¹ãÀ Êãã¼ã ããñ ãñü¡ãÀ) ÌãÓãÃ 2008-09 ãñ 7.37% decreased from 7.37% in 2008-09 to 6.85% in
ããè ¦ãìÊã¶ãã ½ãò ÌãÓãÃ 2009-10 ½ãò ÜããÀ 6.85% Öãñ Øã¾ããý 2009-10.
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ºãö ã ¶ãñ Á¹ã¾ãã ºããããÀ ªÀ ÔÌãõ ¹ ã ½ãò Ì¾ãã¹ããÀ Íãì Â ãä ã¾ãã ããõ À 31-03- The Bank started trading in Rupee interest rate swap
2010 ããñ ºããã¾ãã Á.25 ãÀãñü¡ ©ããý ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã ºãöã ¶ãñ and the outstanding as on 31.03.2010 was
Rs. 25 crore. During the year 2009-10, the Bank
ã¹ã¶ããè ãããäÔ¦ã¾ããò ããõÀ ªñ¾ã¦ããããò ãñ ÖñãäãâØã ãñ ¹ãÆãä¦ã ããñÃ ¶ã¾ãã Á¹ã¾ãã has not entered into any fresh rupee interest rate
º¾ããã ªÀ ÔÌãõ¹ã ¶ãÖãé ãäã¾ãã Öõ Êãñãäã¶ã ¹ãÖÊãñ Ôãñ ãäÊã Øã ÔÌãõ¹ã Á.750 swaps towards hedging its assets and liabilities but
ãÀãñ ü ¡ ããè Àã½ã ãñ ãä Ê ã ¹ããä À ¹ãã Ì ã Öãñ Øã Öö ý 31-03-2009 ããñ swaps already taken matured for a sum of Rs.750
Á.1,800 ãÀãñü¡ ãñ ¹ãÆãä¦ã ºãöã ´ãÀã £ãããäÀ¦ã ãìÊã Á¹ã¾ãñ º¾ããã ªÀ ÔÌãõ¹ã crore during the year. The total Rupee interest rate
31-03-2010 ããñ Á.1,075 ãÀãñ ü ¡ ÀÖãý swaps held by the Bank as on 31.03.2010 is
Rs. 1075 crore as against Rs 1800 crore as on
¹ããùÀñãÔã ¹ããäÀÞããÊã¶ã 31.03.2009.
ÌãõãäÍÌãã ½ãâªãè ãñ ããÀ¥ã ¾ã²ããä¹ã ¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ããò ¹ãÀ ºãìÀã ¹ãü¡ã ãä¹ãÀ ¼ããè Forex Operations
ºãö ã ¶ãñ ÌãÓãÃ 2008-09 ãñ ªãõ À ã¶ã Á.3,02,696.52 ãÀãñ ü ¡ ããè Despite the global recession that badly hit the Indian
¦ãìÊã¶ãã ½ãò 2009-10 ½ãò Á.3,11,619.04 ãÀãñü¡ ¦ãã ã¹ã¶ãñ ¹ããùÀñãÔã exports, the Bank managed to increase its forex turn
ãìÊã ãäºãããè (Ì¾ãã¹ããÀãè Ìãâ ãâ¦ãÀ ºãöã) ããñ ºãü¤ã¾ããý Ôããè ãÌããä£ã ãñ over (merchant and interbank) from Rs.3,02,696.52
crore during 2008-09 to Rs.3,11,619.04 crore during
ªãõ À ã¶ã ÔÌã¥ãÃ ãä Ô ãã ãñ ããè ãì ª Àã ãä º ãããè 614.252 ãä ã.ØãÆ ã . Ôãñ ºãü ¤ ãÀ 2009-10. The retail sales of gold coins rose from
928.440 ãä ã.ØãÆ ã . Öãñ Øã¾ããè ý 614.252 Kgs to 928.440 Kgs during the same period.
ºãöã ¶ãñ ããñÀ ºãöãäãâØã ¹Êãñ¹ããù½ãÃ ããè ÔãìãäÌã£ãã ¹ãÆªã¶ã ãÀ¦ãñ Öì ãäÌããä¼ã¸ã The Bank has started centralization of submission
ãäÌããä¶ã¾ãã½ãã ãäÀ¶ãÃÔã ããè ¹ãÆÔ¦ãìãä¦ã ãñ Ôãâãñ¶³ãèãÀ¥ã ããè ÍãìÁãã¦ã ããè, of various regulatory returns leveraging the core-
ãäãÔãÔãñ ããúãü¡ãò ããè ãÂ¹ã¦ãã ½ãò Ôãì£ããÀ Öìããý ããñÀ ºãöãäãâØã ¹Êãñ¹ãã½ãÃ banking platform thus improving the data integrity.
The connectivity established between the core banking
Ìãâ ããñÌãÀÔããèûã Íããããããò ½ãò Ôãâ¹ããÃ Ô©ãããä¹ã¦ã Öãñ¶ãñ Ôãñ ¼ããÀ¦ã ½ãò ºãöã ãñ platform and the overseas branches has eliminated
ãã¦ãã £ããÀããò ããñ ã¹ã¶ãñ ãäÌãªñÍããè ãã¾ããÃÊã¾ããò Ôãñ ¼ãñãñ Øã¾ãñ £ã¶ã ¹ãÆñÓã¥ããò ½ãò the delivery time in respect of overseas remittances
ãâ¦ãÀ¥ã Ôã½ã¾ã ½ãò ã½ããè ãã¾ããèý Ôããñ ¹ããäÀ¥ãã½ãÔÌãÂ¹ã, Êãã¼ãããä©ãÃ¾ããò ãñ emanating from its overseas offices to Banks
ãã¦ãñ ½ãò ¹ãÆñãäÓã¦ã ÀããäÍã ¦ã¦ããÊã ã½ãã Öãñ ãã¦ããè Öõý account holders in India. As a result, beneficiaries
get instantaneous credit of the remitted amount.
ãäÌãªñÍããè ãã¾ããÃÊã¾ããò ããñ ¹ãÆªã¶ã ãäã¾ãñ Øã¾ãñ ããñÀ ºãöãäãâØã ¹Êãñ¹ããù½ãÃ ½ãò ããä¼ãØã½ã The access to the core-banking platform provided
ãñ ããÀ¥ã ããä¶ãÌããÔããè ØãÆãÖããò ããñ ºãöã ããè Ôã¼ããè ãäÌãªñÍããè Íããããããò ½ãò to the overseas office has improved the service
¦ã¦ããÊã ÍãñÓã ¹ãî¦ãã Ìãâ ãã¦ããò ãñ ãäÌãÌãÀ¥ã ¹ãÆã¹¦ã ãÀ¶ãñ Ôãâºãâ£ããè ÔãñÌãã ãñ standards to the NRI clients with instantaneous
½ãã¶ãããò ½ãò Ôãì£ããÀ Öìãã Öõý balance enquiries and generation of statement of
accounts at all the overseas offices of the bank.
ããä¶ãÌããÔããè ãã¦ãã ããñÊã¶ãñ ããñ ÈñãÀãè (ãäÌãªñÍããè) ½ãò ¶ãããÀÃ ¹ãÆããñÓ ½ãò
Opening of NRI account has been centralized at the
Ôãâãñãä¶³¦ã ãäã¾ãã Øã¾ãã Öõý ãäÌããä¼ã¸ã ãäÌãªñÍããè ãã¾ããÃÊã¾ããò Ôãñ ãã¦ãã ããñÊã¶ãñ NRI cell at Treasury (Foreign). The account opening
ãñ ¹ãÆ¹ã¨ã ããñ ¶ãããÀããÃ ¹ãÆããñÓ ½ãò ããä¨ã¦ã ãäã¾ãã ãã¦ãã Öõ Ìãâ ØãÆãÖã forms from various overseas offices are pooled at
ãñ ¹ãÔãâªãèªã Íãããã ããè ºããäÖ¾ããò ½ãò ãã¦ãñ ããñÊãñ ãã¦ãñ Öö Ìãâ ãäºã¶ãã ãäÌãÊã½ºã the NRI cell and accounts opened in the books of
ãñ ¶Öò ¶ãããÀããÃ ãäã, ãäãÔã½ãò ¹ããÔã ºãìã, Þãñã ºãìã, ãè½ã ãã¡Ã the branch of the clients choice and an NRI kit
Ìãâ ãä¹ã¶ã ½ãñÊãÀ Àãñ Øã¾ãñ Öö, ¹ãÆªã¶ã ãäã¾ãñ ãã¦ãñ Ööý comprising of the pass book, cheque book, ATM card
and the Pin mailer is issued without loss of time.
Ôãâ¹ããÃ ã¦ããÃ ºãöã, ãäã¶ããã ºãöã ãñ Ôãã©ã Á¹ã¾ãã ãã¦ãã Öõ, ããñ ã¹ã¶ãñ ãã¦ããò The correspondent banks maintaining rupee account
¦ãã ¹ãÖì ú Þ ã¶ãñ ãñ ãä Ê ã Ìãâ ã¹ã¶ãñ ¼ãì Ø ã¦ãã¶ã Ôãâ º ãâ £ ããè ãä ¶ ãªó Í ããò Ìãâ ã¹ã¶ãñ with the bank have been provided a web-based
¡Èã¹ããò ããè ¹ããäÀãäÔ©ããä¦ã ÔããäÖ¦ã ããúÞã Öñ¦ãì Ìãñºã ãã£ãããäÀ¦ã ÔãìãäÌã£ãã ¹ãÆªã¶ã facility to access their account and check the status
ããè Øã¾ããè Öõý of their payment instructions including payment of
their drafts.
¹ãÃ¡ãèããÃ ãñ ªãäàã¥ã ¹ãÆ¼ããØã ãñ ã£¾ãàã ãñ Â¹ã ½ãò ºãöã ¶ãñ ÔãªÔ¾ã As Chairman of the southern chapter of FEDAI, the
ºãöããò ããè ãä¦ã½ããÖãè ºãõã ãã ãã¾ããñã¶ã ãäã¾ãã, ãÖãú ¹ããùÀñãÔã ããÀãñºããÀ Ôãñ Bank conducted the quarterly meetings of the member
Ôãâºãâãä£ã¦ã ½ãã½ãÊããò ¹ãÀ ÞãÞããÃ ããè ØãÃý banks where issues pertaining to the forex business
were deliberated.
ºãöã ¶ãñ ãØãÔ¦ã 2009 Ìãâ ¹ãÀÌãÀãè 2010 ãñ ªãõÀã¶ã ãäÌããä¼ã¸ã ãä¶ã¾ããÃ¦ããñ¶½ãìããè
Ôãâ Ø ã¶ããò , ãõ Ô ãñ Ã Ô ããè ããè Ô ããè , ããâ ã ä Ô ãÊã ¹ããù À Êãñ ª À ã Ô ã¹ããñ Ã Ô ã, The Bank conducted the meetings of the sub-
committee of the State Level Bankers Committee for
¹ãããÃÃããñ, ÃÃ¹ããèÔããè ãããäª ããè Ôããäã¾ã ÔãÖ¼ãããäØã¦ãã Ôãñ ãä¶ã¾ããÃ¦ããò ãñ Exports during August 2009 and February 2010 with
ãäÊã Àã¾ã Ô¦ãÀãè¾ã ºãöãÔãÃ Ôããä½ããä¦ã ããè ¹ã-Ôããä½ããä¦ã ããè ºãõããò ãã ã¾ããñã¶ã active participation from various export-oriented
ãäã¾ããý ºãöã ¶ãñ ¹ãããÃÃããñ ãñ Ôãã©ã ãä½ãÊããÀ ½ãªìÀõ ½ãò ã ãä¶ã¾ããÃ¦ã organizations such as ECGC, Council for Leather
ããØãÂã¦ãã ãã¾ãÃã½ã ãã¾ããñãäã¦ã ãäã¾ããý Exports, FIEO, EEPC, etc. The Bank in association
with FIEO organized an export awareness programme
¹ããùÀñãÔã ãäã¾ãã-ãÊãã¹ããò Ôãñ ¦¹ã¸ã Öãñ¶ãñ ÌããÊãñ Ôã¼ããè ããñãäã½ããò ããñ Ôããè½ãã at Madurai.
ÔããäÖ¦ã Ôããä½½ããäÊã¦ã ãÀ¦ãñ Öì ºããñ¡Ã ãñ ´ãÀã Ôã½ãìãäÞã¦ã ¦ãÀãèãñ Ôãñ ã¶ãì½ããñãäª¦ã A comprehensive Risk Management Policy, with limits
ã Ôã½ãØãÆ ããñ ã ä ã½ã ¹ãÆ º ãâ £ ã¶ã ¶ããè ã ä ¦ ã ÊããØãî Öõ ý ºããñ ¡ Ã ãñ ´ãÀã Ôã½ãì ã ä Þ ã¦ã duly approved by the Board, covering all risks arising
¦ãÀãèãñ Ôãñ ã¶ãì½ããñãäª¦ã ½ãì³ãÌããÀ ãäª¶ã ãñ / Àããä¨ã ãñ ããñãäã½ããò ãã ªõãä¶ãã out of forex activities, is in place. Currency-wise Day-
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ãã£ããÀ ¹ãÀ ¹ãÆ º ããñ £ ã¶ã ãä ã¾ãã ãã ÀÖã Öõ ý £ããÀ ããñ ã ä ã½ã, ãÊã-Ôããõ ª ã Light/Overnight exposures, duly approved by the
Ôããè½ãã Ìãâ Öããä¶ã-Àãñ£ã Ôããè½ããããò (¹ãÆãä¦ã Ôããõªã / ¹ãÆãä¦ã Ì¾ãã¹ããÀãè ¹ãÆãä¦ã ãäª¶ã) Board, are being monitored on daily basis. Counter-
party limits to cover the credit exposure, single-deal
ããñ ãÌãÀ ãÀ¶ãñ ãñ ãäÊã ¹ãÆãä¦ã-¹ãããê Ôããè½ããããò ãã ¹ãÆ¼ããÌããè Â¹ã Ôãñ ¹ãÆºããñ£ã¶ã limit and stop-loss limits (per deal /per dealer per
ãäã¾ãã ãã ÀÖã Öõý day) are being monitored effectively.
ãñ ãä ¡ ãã¡Ã Credit Card
ºãöã ãã ã¹ã¶ãã ÌããèÔãã ¾ãìã¦ã ãñãä¡ ãã¡Ã ã¹ã¶ãñ ØãÆãÖããò ããè ããÌãÍ¾ãã¦ããããò The Banks own Visa enabled Credit Card is catering
ããñ ¹ãîÀã ãÀ ÀÖã Öõ Ìãâ ãìÊã ¹ã¥¾ããÌã¦ãÃ ½ãò ãä¹ãÊãñ ÌãÓãÃ ããè ¦ãìÊã¶ãã ½ãò to the requirements of its clientele and the turnover
has increased by 26.23% over last year and the net
26.23% ããè Ìãð ã ä ® Öì Ã Ìãâ ãä ¶ ãÌãÊã ãã½ãª¶ããè Á.291.70 Êããã Öõ
earnings is Rs. 291.70 lakhs - an increase of 14%.
Ìãâ Ôã½ãò 14% ããè Ìãð ã ä ® ªãÃ ããè ØãÃ ý ÌãÓãÃ ãñ ªãõ À ã¶ã, ÀããÔÌã During the year, on a revenue sharing model, a tie
ãäÖÔÔãñªãÀãè ¹ãÆãä¦ãªÍãÃ ãñ ãã£ããÀ ¹ãÀ ØãÆãÖããò ãñ Ì¾ãã¹ãããäÀã ¹ãÆãä¦ãÓã¶ããò ½ãò up was made to venture into Card Acquiring
ãäºãããè ãä½ãÃ¶ãÊÔã ãñ¶³ Ô©ãããä¹ã¦ã ãÀ ãã¡Ã ¹ãÆã¹¦ã ãÀ¶ãñ ãñ Ì¾ãã¹ããÀ Ôãâºãâ£ããè business by deploying Point of Sale terminals at
²ã½ã ãñ ãäÊã ã Ôã½ã¢ããõ¦ãã ãäã¾ãã Øã¾ããý ããÔãã ã½ããããò ããñ ÔãìÒü¤ clients merchant establishments. This would serve
as a tool to build up CASA deposits and 500
ãÀ¶ãñ ½ãò Ôãããè ½ãÖ¦Ìã¹ãî¥ãÃ ¼ãîãä½ããã ÖãñØããè Ìãâ 500 ãä½ãÃ¶ãÊÔã ¹ãÖÊãñ Öãè
terminals have already been installed. The Internet
Ô©ãããä ¹ ã¦ã ãä ã¾ãã ãã Þãì ãã Öõ ý â À¶ãñ ¼ãì Ø ã¦ãã¶ã Øãñ Ìãñ (ããÃ ¹ ããè ããè ) , Payment Gateway (IPG), which was also launched
ãäãÔãñ Ã-ããù½ãÔãÃ ¼ãìØã¦ãã¶ã ããñ Êããñããä¹ãÆ¾ã ºã¶ãã¶ãñ ãñ ãäÊã ÍãìÂ ãäã¾ãã Øã¾ãã to popularize E-commerce payment, is gaining
©ãã, ÌãÖ ãºã Øããä¦ã ããÃ Öõý momentum.
Ì¾ãã¹ããÀãè ºãöãäãâØã Merchant Banking

ºãö ã ¶ãñ ãä ¡ ºãò Þ ãÀ ¶¾ããÔããè , ãä ¶ ãØãÃ ½ ããò ãñ ãä Ê ã ÌãÔãî Ê ããè ã¦ããÃ ºãö ãÀ ããõ À The Bank continues to act as Debenture Trustee,
Collecting Bankers to Issues and Dividend/Interest
Êãã¼ããâÍã / º¾ããã ãªãã¦ããÃ ºãöãÀ ãñ Â¹ã ½ãò ã¹ã¶ããè ¼ãîãä½ããã ããñ ããÀãè Paying Banker. During the year, the Bank decided
Àããý ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ¶ãñ ãä¶ã¥ãÃ¾ã ãäÊã¾ãã ãäã to
i) ¶ã¾ãñ ¦ããõÀ ¹ãÀ ÍãìÂ ãäã Øã ããÃ¹ããèããñ ¹ãÆãäã¾ãã Ôãºããè (ãÌãÁ® i) act as Collecting Bankers for the newly
ÀããäÍã¾ããò ãñ ´ãÀã Ôã½ããä©ãÃ¦ã ã¶ãì¹ãÆ¾ããñØã) ãñ ãäÊã ÌãÔãîÊããèã¦ããÃ ºãöã introduced IPO process ASBA (Applications
ãñ Â¹ã ½ãò ãã½ã ãÀ¶ããý Supported by Blocked Amounts).
ii) ¼ãìØã¦ãã¶ã ãÀ¶ãñ ÌããÊãñ ºãöãÔãÃ ãñ Â¹ã ½ãò Êãã¼ããâÍã / º¾ããã ÌããÀâ ãñ ii) change the procedure for handling Dividend/
Interest Warrants as Paying Bankers. Necessary
¹ãÆºãâ£ã¶ã Öñ¦ãì ¹ãÆãäã¾ãã ããñ ºãªÊãòý Ôããñ ãäÊã ããÌãÍ¾ãã computer programme for this has been
ãâ¹¾ãîÀ ¹ãÆãñØãÆã½ã ãäÌãããäÔã¦ã ãäã Øã Öö Ìãâ Ôããã Ôã¹ãÊã¦ãã¹ãîÌãÃã developed and successfully tested.
¹ãÀãèàã¥ã ãäã¾ãã Øã¾ãã Öõý
Depository Operations
ãä¶ãàãñ¹ããØããÀ ¹ããäÀÞããÊã¶ã The Bank is a Depository Participant of NSDL and
ºãö ã ¶ãÔã¡ãè Êã ãã ãä ¶ ãàãñ ¹ ããØããÀ ¹ãÆ ã ä ¦ ã¼ããØããè Öõ Ìãâ 56 Ôãñ Ì ãã ãñ ¶³ is extending depository related services through 56
service centre branches (including the controlling
Íããããããò (Þãñ¸ãõ ãäÔ©ã¦ã ãä¶ã¾ãâ¨ã¥ãã¦ããÃ ãä¶ãàãñ¹ããØããÀ Íãããã ÔããäÖ¦ã) ãñ ããäÀ Chennai Depository branch), of which 14 branches
ãä¶ãàãñ¹ã Ôãâºãâ£ããè ÔãñÌããú ¹ãÆªã¶ã ãÀ ÀÖã Öõ, ãäãÔã½ãò 14 Íããããú Þãñ¸ãõ ½ãò, are in Chennai, 25 in Mumbai and the remaining in
25 Íããããú ½ãì½ºãÃ ½ãò Ìãâ ÍãñÓã ã¶¾ã ¶ãØãÀãò ½ãò Ööý other cities.
¨ãÉ¥ã Ôã½ãîÖ¶ã ãã¾ãÃãÊãã¹ã Loan Syndication Activities:
ºãöã ãñ Ì¾ãã¹ããÀãè ºãöãäãâØã ¹ãÆ¼ããØã ãñ ¨ãÉ¥ã Ôã½ãîÖ¶ã ¡ñÔã ¶ãñ ¨ãÉ¥ã Ôã½ãîÖ¶ã Loan Syndication Desk of the Merchant Banking
Division of the Bank took advantage of the benefits
ãäã¾ãã-ãÊãã¹ã Ôãñ ¹ãÆã¹¦ã Êãã¼ã ãã ¹ãîÀã ¹ã¾ããñØã ãäã¾ãã Öõý ºãöã ¶ãñ ¼ããÀ¦ã ½ãò arising out of syndication activity. The Bank has acted
¦ã©ãã ãäÌãªñÍã ½ãò ªñÍããè¾ã Ìãâ ãäÌãªñÍããè ½ãì³ã ½ãò ãâ¹ããä¶ã¾ããò ããñ ã½ãÍã: ¼ããÀ¦ããè¾ã as Lead Arranger/Co-Lead Arranger for loans to
Á¹ã¾ãñ Ìãâ ¾ãîÔã ¡ãùÊãÀ ½ãò ¨ãÉ¥ã ¹ãÊãº£ã ãÀã¶ãñ ½ãò ãØãÆ¥ããè Ì¾ãÌãÔ©ãã¹ãã Companies in India and abroad both in INR and
/ ÔãÖ ãØãÆ¥ããè Ì¾ãÌã¾ãÔ©ãã¹ãã ããè ¼ãîãä½ããã ãä¶ã¼ããÃ Öõý ÌãÓãÃ ãñ ªãõÀã¶ã, USD respectively. During the year, the Bank achieved
ºãöâã ¶ãñ Á.645 ãÀãñü¡ ãñ ãä½ã¾ããªãè ¨ãÉ¥ã Üãã ÔããäÖ¦ã ºãü¡ñ Ôã½ãîÖ¶ã Öñ¦ãì financial closure for a large syndication proposal with
a term loan component of Rs.645 crores. Tie-up with
ãäÌã¦¦ããè¾ã ãÊããñãÀ ¹ãÆã¹¦ã ãäã¾ãã Öõý Á.1,475 ãÀãñü¡ ãñ ¨ãÉ¥ã Üãã ãñ other banks in respect of another syndication
ãäÊã ã ããõÀ Ôã½ãîÖ¶ã ¹ãÆÔ¦ããÌã ãñ Ôãâºãâ£ã ½ãò ã¶¾ã ºãöããò ãñ Ôãã©ã Øãºãâ£ã¶ã proposal for a debt component of Rs.1,475 crores is
ããè ¹ãÆãäã¾ãã ¹ãÆØããä¦ã ¹ãÀ Öõý under progress.
ÔãÀããÀãè Êãñãã Government Accounts
¹ãÆ¦¾ãàã ãÀ ÌãÔãîãäÊã¾ããú Direct Tax Collections
ºãöã 354 Íããããããò ãñ ããäÀ ããù¶ã Êãã¶ã õãÔã ããããä¶âØã ãäÔãÔ½ã The Bank is authorised to collect Income Tax and
(ããñÊããèÔã)Ôãñ ¼ããõãä¦ãã ÞããÊãã¶ããò ããè ÔÌããèãðãä¦ã ´ãÀã ãã¾ããÀ ããõÀ other Direct Taxes through On Line Tax Accounting
System (OLTAS) in 354 branches. The Bank is given
ã¶¾ã ¹ãÆ¦¾ãàã ãÀ ããè ÌãÔãîÊããè ãñ ãäÊã ¹ãÆããä£ããð¦ã Öõý ºãöã ããñ ¹ãÆ¦¾ãàã ãÀ All India Authorisation to receive e-Payment of Direct
ãã ÔãâØãÆÖ¥ã Ã-¼ãìØã¦ãã¶ã ãñ ããäÀ ÔÌããèããÀ ãÀ¶ãñ ãñ ãäÊã ããäãÊã ¼ããÀ¦ããè¾ã Taxes and it has been implemented since 2007.
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Ô¦ãÀ ¹ãÀ ¹ãÆããä£ããð¦ã ãäã¾ãã Øã¾ãã Öõ ããõÀ ÌãÓãÃ 2007 Ôãñ Ôãñ ãã¾ããÃãä¶Ìã¦ã Gemini Circle Branch, Chennai is functioning as e-
ãäã¾ãã Øã¾ãã Öõý ãñãä½ã¶ããè ÔããäãÃÊã Íãããã, Þãñ¸ãõ, ¹ãÆ¦¾ãàã ãÀ ÔãâØãÆÖ¥ã ãñ Focal Point Branch for Direct Tax collections. TAN
data quality is 99.41% and PAN data quality is
ãäÊã Ã-¹ããñãÊã ¹ããâ Íãããã ãñ ¦ããõÀ ¹ãÀ ãã¾ãÃ ãÀ ÀÖãè Öõý õ¶ã ¡ãã 98.35%.
ã Ì ãããä Ê ããè 99.41% Ìãâ ¹ãõ ¶ ã ¡ãã ã Ì ãããä Ê ããè 98.35% Öõ ý
Indirect Tax Collections
ã¹ãÆ¦¾ãàã ãÀ ÔãâØãÆÖ¥ã The Bank is authorised to receive Indirect Taxes
ºãöã ããñ 217 Íããããããò ¹ãÀ ÊãñãÈãùãä¶ãã Êãñããâã¶ã ¹ãÆ¥ããÊããè ãñ ããäÀ through Electronic Accounting System in Excise and
¦¹ããª ÍãìÊã ããõÀ ÔãñÌãã ãÀ (ÃÔãããÃÃÔããè) ãõÔãñ ã¹ãÆ¦¾ãàã ãÀ Service Tax (EASIEST) in 217 branches. The Bank
¹ãÆã¹¦ã ãÀ¶ãñ ãñ ãäÊã ¹ãÆããä£ããð¦ã ãäã¾ãã Øã¾ãã Öõý ºãöã ããñ ¦¹ããª ÍãìÊã is given all-India authorization to receive e-payment
of Excise and Service Taxes which has been
ããõ À Ôãñ Ì ãã ãÀ ããè Ã - ¹ãñ ½ ãñ ¶ ¹ãÆ ã ¹¦ã ãÀ¶ãñ ãñ ãä Ê ã ããä ãÊã ¼ããÀ¦ããè ¾ ã implemented since December 2006. Haddows Road
¹ãÆããä£ããÀ¥ã ¹ãÆã¹¦ã Öìãã Öõ ãäãÔããã ãã¾ããÃ¶Ìã¾ã¶ã ãäªÔã½ºãÀ 2006 Ôãñ Öãñ Branch, Chennai is functioning as e-Focal Point
ÀÖã Öõý Öõ¡ãñã Àãñ¡ Íãããã, Þãñ¸ãõ, ãñ¶³ãè¾ã ¦¹ããª ÍãìÊã ÔãâØãÆÖ¥ã ãã Branch for collection of Central Excise and Nariman
Ã-¹ããñãÊã ¹ããâ Íãããã ãñ Â¹ã ½ãò Ìãâ ¶ãÀãè½ã¶ã ¹Ìããâ Íãããã, ½ãì½ºãÃ ããñ Point Branch, Mumbai is functioning as e-Focal Point
ÔãñÌãã ãÀ ãõÔãñ ã¹ãÆ¦¾ãàã ãÀ ÔãâØãÆÖ¥ã ãñ ãäÊã Ã-¹ããñãÊã ¹Ìããâ Íãããã Branch for Service Tax.
ãñ ¦ããõÀ ¹ãÀ ãã¾ãÃ ãäã¾ãã Øã¾ãã Öõý Payment of Pension
¹ãòÍã¶ã ãã ¼ãìØã¦ãã¶ã The Bank handles payment of Pension in respect of
Central Civil, Defence, Railways, Telecom, State
ºãö ã ãñ ¶³ãè ¾ ã ãä Ô ããä Ì ãÊã, Ààãã, Àñ Ê ãÌãñ , ñ Ê ãããù ½ ã ããõ À Àã¾ã ÔãÀããÀãò , Governments, TNEB, Chennai Port Trust, Employees
ãè ¶ãÃ º ããè , Þãñ ¸ ãõ ¹ããñ Ã È Ô , ã½ãÃ Þ ããÀãè ¼ããä Ì ãÓ¾ã ãä ¶ ããä £ ã Ôãâ Ø ã¶ã ¹ãò Í ã¶ã Provident Fund Organisation Pension, Malaysian
ããõÀ ½ãÊãñãäÍã¾ã¶ã ÔãÀããÀ ¹ãòÍã¶ã ããõÀ ããñ¾ãÊãã ã¶ã¶ã ¼ããäÌãÓ¾ã ãä¶ããä£ã ¹ãòÍã¶ãÀãò Government Pension and Coal Mines Provident
Ôãñ Ôãâºãâãä£ã¦ã ¹ãòÍã¶ã ¼ãìØã¦ãã¶ããò ããñ Ôãâ¼ããÊã¦ãã Öõý Fund Pensioners.
ºãöã ãñ ãñ¶³ãè¾ã ¹ãòÍã¶ã ÔãâÔãã£ã¶ã ãñ¶³ (Ôããè¹ããè¹ããèÔããè) ããè Ô©ãã¹ã¶ãã ããè Öõ The Bank has established Centralised Pension
Processing Centre (CPPC) and Central Civil Pension
Ìãâ ã¶ãÌãÀãè 2009 Ôãñ Ôããè ¹ ããè ¹ ããè Ô ããè ´ãÀã ãñ ¶³ãè ¾ ã ãä Ô ããä Ì ãÊã ¹ãò Í ã¶ã ãã is being paid by CPPC since January 2009. During
¼ãìØã¦ãã¶ã ãäã¾ãã ãã ÀÖã Öõý ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ¶ãñ ò Ìãñ¦ã¶ã ãã¾ããñØã ãñ the year, the Bank completed disbursement of pension
ã¶¦ãØãÃ¦ã ÔãÀããÀ ãñ ãäªÍãã-ãä¶ãªóÍããò ãñ ¦ãÖ¦ã ¹ãòÍã¶ã ºããã¾ãñ ãñ ÔãâãäÌã¦ãÀ¥ã arrears under 6 th Pay Commission for Civil and
¦ã©ãã Ààãã ¹ãòÍã¶ãÀãò ãã ÔãâãäÌã¦ãÀ¥ã ãã¾ãÃ ¹ãîÀã ãäã¾ããý Defence Pensioners, as per Government directives.
È ñ ãÀãè Treasury
¦ããä ½ ãÊã ¶ãã¡ì ÔãÀããÀ ãã È ñ ãÀãè Ì¾ãã¹ããÀ 9 Íããããããò ½ãò Ìãâ ü ¡ ãè Ô ãã Treasury Business of the Government of Tamil Nadu
ÔãÀããÀ ãã ÈñãÀãè Ì¾ãã¹ããÀ 1 Íãããã ½ãò ÞãÊã ÀÖã Öõý ÖãÊã ½ãò, ¦ããä½ãÊã¶ãã¡ì is conducted in 9 branches and Government of Orissa
in 1 branch. Recently, Valliyoor Branch (Tirunelveli
ããè Ìããä Ê Êã¾ãî À Íãããã (ãä ¦ ãÁ¶ãñ Ê ãÌãñ Ê ããè àãñ ¨ ã) Ìãâ ¹¹ããñ ª ì ½ ã Ìãñ ¶ ¡È ã ¶ã Region) and Eppodum Vendran Branch (Tuticorin
(¦ãî¦ããèããñÀãè¶ã àãñ¨ã) Íãããã ããñ ÈñãÀãè Ì¾ãã¹ããÀ ãÀ¶ãñ ãñ ãäÊã ¹ãÆããä£ããð¦ã Region) in Tamil Nadu have also been authorised
ãäã¾ãã Øã¾ãã Öõý by the RBI to conduct treasury business.
ã¶¾ã ÔãÀããÀãè Ì¾ãã¹ããÀ Other Government Business
ºãöã ¼ããÀ¦ã ÔãÀããÀ ããè ºãÞã¦ã ¾ããñã¶ããããò, ãõÔãñ ÌããäÀÓ ¶ããØããäÀã ºãÞã¦ã The Bank actively participates in the Government of
¾ããñã¶ãã 2004, ãäÀãäÊã¹ã ºããù¥¡, ãäÌãÍãñÓã ã½ãã ¾ããñã¶ãã Ìãâ Êããñã ¼ããäÌãÓ¾ã India Savings Schemes like Senior Citizens Savings
Scheme 2004, Relief Bond, Special Deposit Scheme,
ãä¶ããä£ã ½ãò Ôããäã¾ã¦ãã¹ãîÌãÃã ¼ããØã Êãñ¦ãã Öõý ¦ããä½ãÊã¶ãã¡ì ½ãò 42 Íããããããñâ and Public Provident Fund. Post Office collection
¹ãÀ ¡ãã ÜãÀ ÔãâØãÆÖ¥ã ãã¦ãã ãã ã¶ãìÀàã¥ã ãäã¾ãã ãã¦ãã Öõý Account is maintained in 42 branches in Tamil Nadu.
½ãì³ã ãä¦ãããñÀãè Currency Chest
ºãöã ããè ãìÊã 34 ½ãì³ã ãä¦ãããñãäÀ¾ããú Ööý ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã ããõÀ The Bank has 34 Currency Chests; which includes
ªãñ ½ãì³ã ãä¦ãããñÀãè ÃÀãñ¡ (ÃÀãñ¡ àãñ¨ã) Ìãâ Øãã¹ããä¦ã¶ãØãÀ (ºãÆÚã¹ãìÀ àãñ¨ã) ½ãò Two Currency Chests opened at Erode (Erode
ããñ Ê ãñ Øã¾ãñ ý Region) and Gajapathinagar (Berhampur Region)
during 2009-10.
ãâ¦ãÀ Íãããã Ôã½ãã£ãã¶ã Inter Branch Reconciliation
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãä¶ãªóÔãã¶ãìÔããÀ ããºããèããÀ ãã¦ããò ãñ Ôã¼ããè ¶ãã½ãñ The Reserve Bank of India directive stipulates that
ããõÀ ã½ãã ¹ãÆãäÌããäÓ¾ããò ãã 6 ½ããÖ ããè ãÌããä£ã ½ãò Ôã½ãã£ãã¶ã/ãä¶ãÀÔã¶ã ãäã¾ãã all debit and credit entries in the IBR accounts are
ãã¶ãã ã¹ãñãäàã¦ã Öõý ºãöã Ôã½ãã£ãã¶ã Þãã ããñ ã½ã ãÀ¶ãñ, ã½¹ããÔã ããõÀ ½ããâØã required to be reconciled / eliminated within a period
¡Èã¹ããò ããè ¶ãã½ãñ ¹ãÆãäÌããäÓ¾ããò ããñ 15 ãäª¶ããò ½ãò ãä¶ãÀÔã¶ã ãÀ¶ãñ ½ãò Ôã¹ãÊã of 6 months. The Bank has significantly reduced the
ÀÖãý ºãöã ¾ãÖ ¼ããè Ôãìãä¶ããäÍÞã¦ã ãÀ¦ãã Öõ ãäã ããñÃ ¼ããè ãä¶ããä£ã ãâ¦ãÀ¥ã ããõÀ reconciliation cycle, elimination of the COMPASS and
Demand Draft debit entries to 15 days. Besides, the
¦ããÀ ãâ ¦ ãÀ¥ã ¹ãÆ ã ä Ì ããä Ó ã ½ãÖãè ¶ ãñ Ôãñ ããä £ ãã ãÌããä £ ã ãñ ãä Ê ã ºããã¾ãã Bank ensures that no funds transfer and telegraphic
¶ãÖãé Öõ ý transfer entry is outstanding for more than one month.
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ãä ¶ ãÀãè à ã¥ã Inspection
ãä ¶ ãÀãè à ã¥ã ÌãÓãÃ 2009-10 ãñ ªãõ À ã¶ã ãñ ¶³ãè ¾ ã ãã¾ããÃ Ê ã¾ã ãã ãä ¶ ãÀãè à ã¥ã, Central Office Inspection, along with EDP Audit and
NIPSA, was carried out in 1,633 branches during
Ã ¡ ãè ¹ ããè Êãñ ãã-¹ãÀãè à ãã ¦ã©ãã ãä ¶ ã¹ãÔãã Ôããä Ö ¦ã 1,633 Íããããããò ½ãò ãä ã¾ãã the year 2009-10. Since all branches were converted
Øã¾ããý Þãîúãäã Ôã¼ããè Íããããú ÔããèºããèÔã Öãñ ØãÃ Öö, ã¦ã: Ôã¼ããè Íããããããò to CBS, inspection was conducted in all the
ãã ããù¶ãÊãã¶ã ãä¶ãÀãèàã¥ã ãäã¾ãã Øã¾ããý ãä¶ãÀãèàã¥ã ããè Øã¾ããè Íããããããò ½ãò Ôãñ branches on-line. Out of the branches inspected, 451
451 Íããããããò ãã Ñãñ¥ããè-ãä¶ã£ããÃÀ¥ã ãÞã ãäª¾ãã Øã¾ããý branches were rated as Good.
Ôã ãÌããä£ã ãñ ªãõÀã¶ã ¹ãÆãä¦ããä¶ããä£ã ãã¾ããÃÊã¾ããò ããñ Íãããä½ãÊããÀ ÖãâØã ããâØã, Inspection of Hong Kong, Singapore, Seoul, Bangkok
and Colombo branches including Representative
ãäÔãâØãã¹ãìÀ, ÔããñÊã, ºãöããùã Ìã ããñÊãâºããñ Íããããããò ãã ¼ããè ãä¶ãÀãèàã¥ã ãäã¾ããý Offices were also conducted during the period.
àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ´ãÀã Íããããããò ½ãò ãÊ¹ãããÊããè¶ã ãä¶ãÀãèàã¥ã ãäã¾ãã Øã¾ããý Regional Offices carried out periodical Short
Ôã ãÌããä£ã ãñ ªãõÀã¶ã 41 àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ããõÀ ãò³ãè¾ã ãã¾ããÃÊã¾ã ãñ Inspection of Branches. Management Audit of all 41
34 ãäÌã¼ããØããò ½ãò ¹ãÆºãâ£ã¶ã Êãñãã ¹ãÀãèàãã ¼ããè ¹ãîÀãè ããè ØãÃý ºãöã ãñ ããÀãñºããÀ Regional Offices and 34 Central Office Departments
ãñ ã½ã Ôãñ ã½ã 50% ããñ ¹ãîÀã ãÀ¶ãñ ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªÃñÍããò was also conducted during this period. Total of 336
branches were brought under Concurrent Audit
ããñ ¹ããÀ ãÀ¦ãñ Öì 58.23% ãñ ã½ãã ããÀãñ º ããÀ ããõ À 74.78% ãñ covering 58.23% of Deposits and 74.78% of
ããäØãÆ½ããò ÌããÊããè ãìÊã 336 Íããããããò ããñ Ôã½ãÌã¦ããê Êãñãã-¹ãÀãèàãã ãñ ¦ãÖ¦ã Advances, thereby exceeding RBI guidelines of
Êãã¾ãã Øã¾ããý 1,419 Íããããããò ½ãò ÀããÔÌã Êãñ ãã-¹ãÀãè à ãã ããõ À 334 covering at-least 50% of Banks Business. Revenue
Íããããããò ½ãò ¶ã½ãî¶ãã ããúÞã Êãñãã-¹ãÀãèàãã ããè ØãÃý Þãìãä¶ãâªã ãã£ããÀ ¹ãÀ Audit was carried out in 1,419 branches and Test
754 ãã¦ããò ããè Ôãùã Êãñãã-¹ãÀãèàãã ããè ØãÃý Check Audit in 334 branches. Stock Audit was
conducted for 754 accounts on selective basis.
Ôã¼ããè 1633 Íããããããò ½ãò ããñ ã ä ã½ã ãã£ãããä À ¦ã ããâ ¦ ããä À ã Êãñ ãã-¹ãÀãè à ãã Risk Based Internal Audit (RBIA) was conducted in
(ããÀºããèãã) ããè ØãÃ, ãÖãú ãò³ãè¾ã ãã¾ããÃÊã¾ã ´ãÀã ãä¶ãÀãèàã¥ã ãäã¾ãã the 1633 branches, where CO Inspection was carried
Øã¾ãã ©ããý àãñ¨ã ããè ããñãäã½ã ãã£ãããäÀ¦ã Â¹ãÀñãã ºã¶ãããÀ ããÀºããèãã ãñ out. Management Audit of Regional Offices was also
¦ãÖ¦ã àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ½ãò ¹ãÆºãâ£ã¶ã Êãñãã-¹ãÀãèàãã ¼ããè ããè ØãÃý conducted under RBIA by preparing Risk Profile of
the Regions.
Ôã¼ããè 41 àãñ ¨ ããè ¾ ã ã½¹¾ãî À ãñ ¶³ãò , ã ãä ¶ ãàãñ ¹ ããØããÀ Íãããã Ìãâ 321 Information Systems (IS) Audit was conducted in all
Íããããããò, ãäãÔã½ãò 4 ã¹ãÌããªÔÌãÂ¹ã ºãðÖ¦ã Íããããú Ìãâ 96 ã¹ãÌããªÔÌãÂ¹ã the 41 Regional Computer Centres, one Depository
ºãü ¡ ãè Íããããú ããõ À 221 ºãÖì ¦ ã ºãü ¡ ãè Íããããú Ôããä ½ ½ããä Ê ã¦ã Öö , Ôãî Þ ã¶ãã branch and 321 branches, consisting of 4
¹ãÆ¥ããÊããè (ããÔã) Êãñãã ¹ãÀãèàãã ããè ØãÃý ¾ããñØ¾ã ºããÖÀãè Êãñãã-¹ãÀãèàãããò Exceptionally Extra Large, 96 Exceptionally Large and
´ãÀã ÔãîÞã¶ãã ¹ãÆ¥ããÊããè ããè Ôã½ããèàãã / ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ãñ ãäÌã¼ããØããò ããè 221 Very Large branches. Information Systems Review
/ Audit of CO-Departments, viz. Data Centres and
Êãñ ãã ¹ãÀãè à ãã ¾ãã¶ããè ¡ãã ãñ ¶³ Ìã ¡ãè ããÀ Ôãã, ¶ãñ ÌããÃ , ºãö ã ä ãâ Øã DR Site, Network, Core Banking Solution, ATM / Debit
Ôãù Ê ¾ãî Í ã¶ã, ãè ½ã/¡ñ ã ä º ã ãã¡Ã ¹ããä À ÞããÊã¶ã, ããÀãè ããè Ôã/¶ã¹ããè Card operations, RTGS/NEFT Operations, Internet
¹ããäÀÞããÊã¶ã, ãããè ãäÌã¼ããØã ´ãÀã Ôãâ¼ããÊããè ØãÃ ¶À¶ãñ ºãöãäãâØã Ìã ½ããñºããÊã Banking and Mobile Banking handled by Information
ºãöãäãâØã, ãñãä¡ ãã¡Ã ¹ããäÀÞããÊã¶ã, ÈñûãÀãè [ªñÍããè] Ìã [ãäÌãªñÍããè] ¹ããäÀÞããÊã¶ããò Technology Department, Credit Card operations,
ããè Êãñãã-¹ãÀãèàãã ãÀãÃ ØãÃý Treasury (Domestic) and Treasury (Foreign) operations
were conducted by engaging Qualified External
Êãñãã-¹ãÀãèàãã ¹ã Ôããä½ããä¦ã (ÔãÔããè) Auditors.
ãäª¶ããâã 26 ãØãÔ¦ã 2008 ããñ Ôãâ¹ã¸ã ½ãâ¡Êã ããè ºãõã ½ãò Êãñãã-¹ãÀãèàãã Audit Sub Committee (ASC):
¹ã Ôããä½ããä¦ã (ÔãÔããè) ãñ Øã¶ã ãã ã¶ãì½ããñª¶ã ãäã¾ãã Øã¾ããý ãäÌã¦¦ããè¾ã ÌãÓãÃ Board of Directors in the meeting held on
2009-10 ãñ ªãõ À ã¶ã 8 ÔãÔããè ºãõ ãò ãã¾ããñ ã ä ã¦ã ããè ØãÃ ý Êãºããè August 26, 2008 approved the formation of Audit
ããè ÔããèããñããããÀ ãäÀ¹ããñÃ, ÃÃÊãºããè/ãäÌãÍãñÓãã¦ãã¹ãÆã¹¦ã Íããããú/ãäÌãªñÍããè Sub Committee (ASC). During the financial year
2009-10, 8 ASC Meetings were held. The Review of
Íããããú ãäãÔã½ãò àãñ¨ããè¾ã ãã¾ããÃÊã¾ã ãñ ¹ãÆºãâ£ã¶ã Êãñãã-¹ãÀãèàãã, Ôãùã Êãñãã- COIR reports of ELB, EELB/ Specialized Branches/
¹ãÀãèàãã ããè Ôã½ããèàãã/Ôã½ãÌã¦ããê Êãñãã-¹ãÀãèàãã/ñÔ Þãñã Êãñãã-¹ãÀãèàãã/ÀããÔÌã Overseas Branches including Management Audit of
Êãñãã-¹ãÀãèàããããò ããñ Íãããä½ãÊã ãÀ Ôã½ããèàãã ¹ãÀ ÔãÔããè ºãõã ½ãò ÞãÞããÃ Regional Offices, Review of Stock Audit / Concurrent
ããè ØãÃý ããè ØãÃ ããÀÃÌããÃ ãäÀ¹ããñÃ ÔããäÖ¦ã ÔãÔããè ãñ ¹ãÆ½ãìã ãä¶ãÓãÓããô ããñ Audit / Test Check Audit / Revenue Audits were taken
ãä¦ã½ããÖãè ½ãò ã ºããÀ Ôããèºããè ããñ ¹ãÆÔ¦ãì¦ã ãäã¾ãã Øã¾ããý up for discussion in the ASC Meetings. The major
findings of ASC with Action Taken Report was placed
Ôã¦ããÃ ¦ãã to ACB once in a quarter.
ÌãÓãÃ 2009-10 ãñ ªãõ À ã¶ã ºãö ã ´ãÀã Êãâ ã ä º ã¦ã Ôã¦ããÃ ¦ãã ã¶ãì Í ããÔããä ¶ ãã Vigilance
½ãã½ãÊããò ããñ ãñ ¶³ãè ¾ ã Ôã¦ãÃ ã¦ãã ãä Ì ã¼ããØã ´ãÀã ãä ¶ ã£ããÃ ã ä À ¦ã Ôã½ã¾ã-Ôããè ½ ãã ãñ During the year 2009-10, the Bank has taken effective
ãâªÀ ãä¶ã¹ãã¶ãñ ãñ ãäÊã ããÀØãÀ ãª½ã ã Øãý ÌãÓãÃ ãñ ªãõÀã¶ã 133 steps for disposal of pending Vigilance Disciplinary
Ôã¦ããÃ ¦ãã ã¶ãì Í ããÔããä ¶ ãã ½ãã½ãÊããò ããñ ãä ¶ ã¹ãã¾ãã Øã¾ããý ¹ããä À ÞããÊã¶ãã¦½ãã cases within the time frame fixed by Central Vigilance
Commission. During the year 133 vigilance
ããñãäã½ã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã Ìãâ ºãðÖ¦ã ½ãîÊ¾ã ããè £ããñãã£ãü¡ãè ããñ ¹ãÆºããñãä£ã¦ã disciplinary cases were disposed. The operational
Risk Management Committee and the Committee of
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ãÀ¶ãñ ãñ ãäÊã ºããñ¡Ã ããè ãäÌãÍãñÓã Ôããä½ããä¦ã ¶ãñ ããÌããä£ãã ¦ããõÀ ¹ãÀ ãäÀ¹ããñÃ ããè the Board monitoring Large Value Frauds analysed
Øã¾ããè £ããñ ãã£ããä ü ¡ ¾ããò ãã ãä Ì ãÍÊãñ Ó ã¥ã ãä ã¾ãã ããõ À Ôããä ½ ããä ¦ ã ´ãÀã Ôãì ¢ ãã / the frauds reported periodically and observations/
remedial measures made/suggested by the
ºã¦ãã Øã ¹ãÆñàã¥ããò / Ôãì£ããÀã¦½ãã ¹ãã¾ããò ããñ ºãöã ´ãÀã ãã¾ããÃãä¶Ìã¦ã ãäã¾ãã Committee have been implemented by the Bank.
Øã¾ããý ºãöã ¶ãñ ãä¶ãÌããÀã Ôã¦ããÃ¦ãã ãñ ¦ãÖ¦ã Ôããè Ìããè ããñ ãñ ãäÌãÍãñÓã ¹ããäÀ¹ã¨ã During the year, the Bank issued 12 circulars
ã½ã ãñ ã£ããè¶ã ãäÌã¼ããØã ´ãÀã Ôãâ¼ããÊãñ Øã Ôã¦ããÃ¦ãã ã¶ãìÍããÔããä¶ãã ½ãã½ãÊããò (internal) captioned Preventive Vigilance CVOs
ãã ãäÌãÔ¦ãð¦ã ãäÌãÌãÀ¥ã ªñ¦ãñ Öì 12 ¹ããäÀ¹ã¨ã (ããâ¦ããäÀã) ããÀãè ãäãý ªâü¡ special circular elaborating the vigilance disciplinary
Ôãâºãâ£ããè ãäÌãÔ¦ãð¦ã º¾ããõÀñ ÔããäÖ¦ã ããõÀ Ôãû¹ã ÔãªÔ¾ããò ´ãÀã ãäÊã ãã¶ãñ ¾ããñØ¾ã cases handled by the Department. Besides
incorporating the details of punishments awarded,
ãä¶ãÌããÀã Ôã¦ããÃ¦ãã ¹ãã¾ããò ããè ÔãîÞã¶ãã ¼ããè ¶ã ¹ããäÀ¹ã¨ããò ½ãñ ªãè ØãÃý Ôããñ the important preventive measures to be taken by
ãÊããÌãã ½ãì¾ã Ôã¦ããÃ¦ãã ããä£ãããÀãè ããõÀ Þã¾ããä¶ã¦ã àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ½ãò the staff members are also included in these circulars.
ãä Ô ©ã¦ã Ôã¦ããÃ ¦ãã ããä £ ããããä À ¾ããò ´ãÀã ããÌããä £ ãã ãä ¶ ãÀãè à ã¥ã ´ãÀã ºãö ã ¶ãñ Further emphasis has been given by the Bank
ãä ¶ ãÌããÀã Ôã¦ããÃ ¦ãã ¹ãã¾ããò ¹ãÀ ããñ À ãä ª ¾ããý ½ãì ¾ã Ôã¦ããÃ ¦ãã ããä £ ãããÀãè towards Preventive Vigilance measures through
´ãÀã àãñ ¨ ããè ¾ ã ãã¾ããÃ Ê ã¾ããò Ìãâ Íããããããò ãñ ããÌããä £ ãã ªãõ À ñ ãñ ªãõ À ã¶ã periodical Branch inspection by the Chief Vigilance
Officer and also by Vigilance Officers attached to
¹ãÆ¥ãããäÊã¾ããò Ìãâ ãã¾ãÃ¹ã®ãä¦ã¾ããò ãñ ã¶ãì¹ããÊã¶ã ½ãò Ôã¼ããè Ô¦ãÀãò ¹ãÀ Ôãû¹ã- Vigilance Cell at select Regional Offices. The role of
ÔãªÔ¾ããò ããè ¼ãîãä½ããã ãñ ºããÀñ ½ãò ããÔããÀ ãñÌããÔããè ½ãã¶ãªâü¡ãò, ½ãÊã staff at all levels in adherence to Systems and
ãä ª Íãããä ¶ ãªó Í ããò , £ããñ ãã£ãü ¡ ãè ¶½ãì ã àãñ ¨ ããò ãããä ª ¹ãÀ ããñ À ãä ª ¾ãã Øã¾ããý Procedures especially compliance to KYC norms,
¶ãÌãâºãÀ 2009 ½ãò Ôã¦ããÃ¦ãã ããØãÂã¦ãã Ôã¹¦ããÖ ãã ¹ããÊã¶ã ãäã¾ãã Øã¾ããý AML guidelines, fraud prone areas etc., has been
emphasized during periodical visits to Regional
ÔãîÞã¶ãã ¹ãÆãõ²ããñãäØãããè Offices and Branches by Chief Vigilance Officer.
Vigilance Awareness Week was observed in
Íãããã ã½¹¾ãîãèãÀ¥ã November 2009.
ºãö ã ¶ãñ 100% ¶ãñ Ìããä ãÄ Øã ããè Öõ ã ä Ô ã¾ã¦ã ¹ãÆ ã ¹¦ã ããè Öõ ¦ã©ãã 100%
Information Technology
ÔããèºããèÔã ããè ãäÔ©ããä¦ã ¹ãÆã¹¦ã ããè Öõ ãäãÔãÔãñ ÔããèºããèÔã ããè ãìÊã Íããããú
ããõ À ¹ãÍããããú 2018 Öãñ ØãÃ ý Branch Computerisation
The Bank has achieved 100% networking status as well
ãä ª ¶ããâ ã 31.03.2010 ¦ãã 17 ãñ ¶³ãè ¾ ã Ôã½ããÍããñ £ ã¶ã ãã¾ããÃ Ê ã¾ã, 41 as 100% CBS status of branches with a total number of
àãñ ¨ ããè ¾ ã ãã¾ããÃ Ê ã¾ããò Ìãâ 4 ãñ ¶³ãè ¾ ã ãã¾ããÃ Ê ã¾ã ãñ ãä Ì ã¼ããØã ããõ À 6 2018 CBS branches and Extension Counters.
ãä ¶ ãÀãè à ã¥ããÊã¾ããò ããñ Ôããè º ããè Ôã ãñ ¦ãÖ¦ã Êãã¾ãã Øã¾ãã Öõ ý ãä ª ¶ããâ ã As on March 31, 2010, 17 Central Clearing Offices,
02.04.2010 Ôãñ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ãñ ªãñ ããõÀ ãäÌã¼ããØããò ããñ ÔããèºããèÔã 41 Regional Offices and 4 Central Office Departments
ãñ ¦ãÖ¦ã Êãã¾ãã Øã¾ãã Öõý and 6 Inspectorates have been brought under CBS.
2 more Central Office Departments have been
ãä ª ¶ããâ ã 31.03.2009 ¦ãã ãè ½ã ããè ãì Êã Ôãâ ¾ãã 576 (445 brought under CBS, with effect from April 2, 2010.
ããù¶ãÔãã, 115 ããù¹ãÔãã Ìã 16 ÀñÊãÌãñ ãè½ã) Ööý ÌãÓãÃ ãñ ªãõÀã¶ã The total number of ATMs as on 31.03.2009 stood
195 ã¶¾ã ãè ½ããò ããñ ¶ãñ ÌããÃ ãñ ¦ãÖ¦ã Êãã¾ãã Øã¾ãã, ãä ãÔãÔãñ ¾ãÖ at 576 (445 Onsite, 115 Offsite and 16 Railway
Ôãâ¾ãã ºãü¤ãÀ 771 (590 ããù¶ãÔãã, 146 ããù¹ãÔãã Ìã 35 ÀñÊãÌãñ ATMs). During the year, 195 ATMs were brought into
ãè ½ã) Öãñ ØãÃ ý the network taking the total to 771 (590 Onsite, 146
Offsite and 35 Railway ATMs).
ºãöã ãñ ãìÊã 17,67,050 ¡ñãäºã ãã¡Ã Öö, ãäãÔã½ãò 1,75,456 ¶Ôã Bank has a total debit card base of 17,67,050 cards
ãã¡Ã Íãããä½ãÊã Ööý ½ããÞãÃ 2010 ½ããÖ ãñ ªãõÀã¶ã Ö½ããÀñ ãè½ããò ãñ ããäÀ which includes 1,75,456 Insta Cards. The volume of
Á.545.52 ãÀãñü¡ ãã Êãñ¶ãªñ¶ã ãäã¾ãã Øã¾ããý transactions put through our ATMs amounted to
Rs.545.52 crores during the month of March 2010.
31½ããÞãÃ 2010 ¦ãã 771 ãè ½ããò ½ãñ Ôãñ 731 ãè ½ããò ½ãò ãä Ì ããä ¡ ¾ããñ
ãä¶ãØãÀã¶ããè ¹ãÆ¥ããÊããè ããè ÔãìãäÌã£ãã Öõý As on March 31, 2010, 731 ATMs out of 771 have
been provided with Video Surveillance Systems.
ããÀãè ããè Ôã/¶ã¹ããè Ôãñ ãì ü ¡ ãè Íããããããò ããñ ããÀãè ããè Ôã Ìã RTGS / NEFT Networked branches are covered
¶ã¹ããè ¼ãìØã¦ãã¶ã ¹ãÆ¥ããÊããè ãñ ¦ãÖ¦ã ãÀ ãäª¾ãã Øã¾ãã Öõý ÌãÓãÃ ãñ ªãõÀã¶ã under RTGS and NEFT payment systems. During the
ºãö ã ´ãÀã ¼ãì Ø ã¦ãã¶ã ãä ã¾ãã Øã¾ãã Êãã¼ããâ Í ã ¶ã¹ããè ãñ ããä À ¹ãã¨ã year, the dividend paid by the Bank was credited to
Íãñ¾ãÀ£ããÀããò ãñ ãã¦ããò ½ãò ã½ãã ãäã¾ãã Øã¾ããý the eligible shareholders through NEFT.
Internet Banking
âÀ¶ãñ ºãöãäãâØã
Gamut of services have been provided under Internet
â À¶ãñ ºãõ ã ä ãâ Ø ã ãñ ¦ãÖ¦ã ã¶ãñ ã Ôãì ã ä Ì ã£ããâ ¹ãÊãº£ã ãÀãÃ Øã¾ããè Öõ ý banking facility. The number of customers who are
¹ãâããèãð¦ã ØãÆãÖããò ããè Ôãâ¾ãã ããõÀ ¶ããñ ´ãÀã ¶À¶ãñ ãñ ããäÀ Êãñ¶ãªñ¶ããò registered as well as the volume of transactions put
ããè ½ãã¨ãã ½ãò Ôã¦ã¦ã ºãü¤ãñ¦ãÀãè Öãñ ÀÖãè Öõý ¹ãÆªã¶ã ããè ØãÃ ½ãã¶ãã ÔãñÌããããò ãñ through using the Internet is increasing steadily. Apart
ããä¦ããäÀã¦ã ºãöã ¶ãñ Ôãâ¹ãããê ´ãÀã ÌããùÔÈãñ ãã¦ããò ããñ ªñã¶ãñ ããè ÔãìãäÌã£ãã from the standard services offered, Bank has
introduced facility for viewing VOSTRO accounts by
¹ãÆãÀâ¼ã ããè Öõý ãºã ¹ãâããèãð¦ã ¶À¶ãñ ºãöãäãâØã ØãÆãÖã ´ãÀã ã¹ã¶ãñ ¹ãõ¶ã ãã the Correspondents. Viewing of income tax particulars
¹ã¾ããñØã ãÀãñ ¶ãÔã¡ãèÊã Ôãã Ôãñ ãã¾ããÀ ãäÌãÌãÀ¥ã ¾ãã¶ããè ¹ãã½ãÃ 26 from NSDL site by the registered Internet Banking
Ôã ããñ ªñã¶ãñ ããè ÔãìãäÌã£ãã ¹ãÆªã¶ã ããè ØãÃ Öõý Customers, i.e., Form 26 AS view, using their PAN
is now enabled.
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½ããñºããÊã ºãöãäãâØã Mobile Banking
ºãöã ¶ãñ ½ããñºããÊã ºãöãäãâØã ¹ãÆãÀâ¼ã ããè Öõ, ãäãÔããñ ¦ãÖ¦ã ºãöã Ôã¼ããè ¹ãÆããÀ ããè The Bank has introduced Mobile Banking, offering
ÔãñÌããú ¹ãÆªã¶ã ãÀ ÀÖã Öõý ÌãÓãÃ ãñ ªãõÀã¶ã ãäÌããä¼ã¸ã ÔãñÌããú ªãñ ÞãÀ¥ããò ½ãò entire range of services. Various services have been
¹ãÆ ª ã¶ã ããè ØãÃ Öö ý ¹ãÆ © ã½ã ÞãÀ¥ã ½ãò ¹ãî ¦ãã Ôãñ Ì ããú , ãä ¶ ããä £ ã ãâ ¦ ãÀ¥ã offered in two phases during the year. Phase I
includes query services, funds transfer (inter and intra
(ãâ ¦ ãÀ Ìãâ ãâ ¦ ã: ºãö ã) ãã¦ãã ãä Ì ãÌãÀ¥ã ããè Ôãì ã ä Ì ã£ããããò ããñ Íãããä ½ ãÊã banks), statement of accounts. Services like air /
ãäã¾ãã Øã¾ãã Öõý ÖÌããÃ ãÖãã/ ½ãîÌããè ãäããäâØã, ãä¡½ãõ ÔãñÌããú, ãè½ã/ movie ticketing, de-mat services, facility to suspend
¡ñãäºã ãã¡ãô ããñ ãä¶ãÀÔ¦ã ãÀ¶ãñ ¦¾ãããäª ãõÔããè ÔãñÌããããò ããñ ¹ãÀãã Øã¾ãã ATM/Debit Cards, ATM/Branch locator are tested and
ããõÀ ãã¾ããÃãä¶Ìã¦ã ãäã¾ãã Øã¾ãã Öõý implemented.
¼ããÀ¦ããè ¾ ã ãä À û ãÌãÃ ºãö ã ãñ ãä ¶ ãªó Í ããò ãñ ã¶ãì Ô ããÀ Þãñ ã È â ãñ Íã¶ã ¹ãÆ ¥ ããÊããè Cheque Truncation System (CTS) has been launched
(ÔããèãèÔã) ¶ãÔããèããÀ, ãäªÊÊããè ããè 85 Íããããããò ½ãò ¹ãÆãÀâ¼ã ããè ØãÃ Öõý in 85 Branches in NCR, Delhi as per RBI directives.
¹ãñ½ãò ØãñÌãñ Payment Gateway

Ôã¹ããè ããè ¦ãûãÃ ¹ãÀ ºãöã ¶ãñ ã¹ã¶ãã ¹ãñ½ãò ØãñÌãñ ¹ãÆãÀâ¼ã ãäã¾ãã Öõý ºãöã Bank has launched own Payment Gateway on ASP
Model. Bank has integrated payment of TNEB bills
¶ãñ ØãÆãÖããò ´ãÀã ã¹ã¶ãñ ¡ñãäºã ãã¡Ã ãã ¹ãÆ¾ããñØã ãÀ¦ãñ Öì ãäã ãã¶ãñ ÌããÊãñ
by Banks customers, using their Debit Cards.
ãè¶ãºããè ãäºãÊããò ãñ ¼ãìØã¦ãã¶ã ããñ ããèãð¦ã ãäã¾ãã Öõý ¡ñãäºã ãã¡Ã ãã Integration of Payment of utility bills, like mobile
¹ãÆ ¾ ããñ Ø ã ãÀãñ ½ããñ º ããÊã ¼ãì Ø ã¦ãã¶ã, ºããè ½ ãã ãä ãÔ¦ã ¼ãì Ø ã¦ãã¶ã ¦¾ãããä ª ãõ Ô ãñ payment, insurance premium payment etc., using the
¹ã¾ããñØããè ãäºãÊããò ãñ ¼ãìØã¦ãã¶ã ããñ ããèãð¦ã ãÀ¶ãñ ããè ¹ãÆãäã¾ãã ¹ãÀ ãã¾ãÃ Öãñ debit cards is in process.
ÀÖã Öõ ý
12 branches of erstwhile Swarna Sahakari Bank Ltd,
¦ã¦ããÊããè¶ã ÔãìÌã¥ãÃ ÔãÖããÀãè ºãöã ãäÊã. ¹ãì¥ãñ ããè 12 Íããããããò ããñ ¹ãÖÊãñ Pune have been brought under CBS from day one.
ãäª¶ã Ôãñ Öãè ÔããèºããèÔã ãñ ¦ãÖ¦ã Êãã ãäÊã¾ãã Øã¾ããý 3-way Data-centre has been established to ensure
ºããèÔããè¹ããè ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ãäÊã 3-Ìãñ ¡ãã-Ôãñ¶À Ô©ãããä¹ã¦ã ãäã¾ãã BCP. Primary Data Centre at Chennai, and Command
Centre at Chennai and DR Site at Hyderabad have
Øã¾ãã Öõý Þãñ¸ãõ ½ãò ¹ãÆã½ãÀãè ¡ãã Ôãñ¶À ããõÀ Þãñ¸ãõ ½ãò Öãè ã½ãã¥¡ Ôãñ¶À
been set up. CBS and critical applications are
Ìãâ Öõ ª Àãºããª ½ãò ¡ãè ããÀ Ôãã Ô©ãããä ¹ ã¦ã ãä ã Øã Öö ý Ôããè º ããè Ôã Ìãâ functioning from Data Centre. Primary DC and CC
ããä Êã ã¶ãì ¹ ãÆ ¾ ããñ Ø ã Ìããè Ôã¶ãÊã ¡ãã Ôãñ ¶ À ãñ û ããä À ãã¾ãÃ À ¦ã Öö ý are connected by 1 Giga Dark Fiber Connection,
¹ãÆã©ããä½ãã ¡ãèÔããè Ìãâ ÔããèÔããè1 ãäØãØãã ¡ããÃ ¹ããºãÀ ã¶ãñãÍã¶ã Ôãñ ãìü¡ñ Öö, which ensures synchronous replication. DR Site and
ããñ ããããäÊãã ¹ãÆãä¦ããðãä¦ã ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¦ãã Öõý ¡ãèããÀ Ôãã Ìãâ DC are on asynchronous replication. Automation Tool
ÌããèÔã¶ãÊã ¡ãèÔããè ããããäÊãã ¹ãÆãä¦ããðãä¦ã ¹ãÆªã¶ã ãÀ¦ãñ Ööý ãããñ½ãñãäã is used for automatic fail-over. The network
¹ãñ Êã-ããñ Ì ãÀ ãñ ãä Ê ã ãããñ ½ ãñ Í ã¶ã î Ê ã ãã ¹ãÆ ¾ ããñ Ø ã ãä ã¾ãã ãã¦ãã Öõ ý equipments and hardware used are provided with
¹ãÆ¾ããñØã ãäã¾ãñ ãã¶ãñ ÌããÊãñ ¶ãñÌããÃ Ìã Öã¡ÃÌãñ¾ãÀ ¹ããÀ¥ããò ½ãò ÞÞã ¹ãÊãº£ã¦ãã high availability and complete redundancy (at service
Ìãâ Ôãâ ¹ ãî ¥ ãÃ ¹ã¾ããÃ ¹ ¦ã¦ãã (Ôãñ Ì ãã ¹ãÆ ª ã¦ãã Ô¦ãÀ ¹ãÀ, ½ããè ã ä ¡ ¾ãã Ô¦ãÀ ¹ãÀ Ìãâ provider level, media level and at hardware level).
Öã¡ÃÌãñ¾ãÀ Ô¦ãÀ ¹ãÀ) ãã ¹ãÆãÌã£ãã¶ã Öõý IP Telephones have been provided to all Regional
Offices / Central Office Executives and to Singapore
ãã¹ããè ñ Ê ããè ¹ ããñ ¶ ã Ôã¼ããè àãñ ¨ ããè ¾ ã ãã¾ããÃ Ê ã¾ããò / ãñ ¶³ãè ¾ ã ãã¾ããÃ Ê ã¾ã ãñ Branch. On-line tracking of loan applications has been
ãã¾ãÃ ¹ ããÊãããò Ìãâ ãä Ô ãâ Ø ãã¹ãì À Íãããã ããñ ¹ãÊãº£ã ãÀã Øã Öö ý ¨ãÉ¥ã enabled. Borrower / Applicant can track and know
ããÌãñª¶ã ãñ ãäÊã ããù¶ã Êãã¶ã ÈõãäãâØã ÔãìãäÌã£ãã ¹ãÆªã¶ã ããè ØãÃ Öõý £ããÀã¦ããÃ the status of their loan application.
/ ããÌãñªã Èõã Àã Ôãã¦ãã Öõ ããõÀ ã¹ã¶ãñ ¨ãÉ¥ã ããÌãñª¶ã ããè ãäÔ©ããä¦ã ããè
Overseas Branches Computerisation
ãã¶ã Ôãã¦ãã Öõý
To ensure uniformity of solutions used by Overseas
ãäÌãªñÍããè Íããããããò ãã ã½¹¾ãîÀãèãÀ¥ã Branches, centralised CBS software is now being
ãä Ì ãªñ Í ããè Íããããããò ´ãÀã ¹ãÆ ¾ ããñ ñ Ø ã ãä ã ãã ÀÖñ Ôãù Ê ¾ãî Í ã¶Ôã ½ãò ãÂ¹ã¦ãã used in Singapore, Bangkok and Colombo. The
Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ãäÊã ãäÔãâØãã¹ãìÀ, ºãöããùã Ìãâ ããñÊãâºããñ ½ãò ãºã ãñ¶³ãèãð¦ã system for overseas branches has been established
on hub and spoke model with the hub set up at
ÔããèºããèÔã Ôãã¹ãÌãñãÀ ¹ãÆ¾ããñØã ãäã¾ãã ãã ÀÖã Öõý ãäÌãªñÍããè Íããããããò ãñ Singapore with DR Site at Bangkok. Bangkok Branch
ãäÊã ãäÔãÔ½ã ããñ Öºã ¹ãÀ Ô©ãããä¹ã¦ã ãäã¾ãã Øã¾ãã Öõ Ìã ãäÔãâØãã¹ãìÀ ½ãò Öºã Ôãã is running parallel and would go online by June
ÔããäÖ¦ã Ìã ºãöããùã ½ãò ¡ãèããÀ Ôãã ÔããäÖ¦ã Ô¹ããñã ½ããù¡Êã Ô©ãããä¹ã¦ã ãäã¾ãã 2010. In Colombo, parallel run has been completed
Øã¾ããý ºãöããã Íãããã Ôã½ãã¶¦ãÀ ãã¾ãÃ ãÀ ÀÖãè Öõ ããõÀ ãî¶ã 2010 ¦ãã and Branch is online with effect from April 1, 2010.
ããù¶ãÊãã¶ã Öãñ ããØããèý ããñÊãâºããñ ½ãò Ôã½ãã¶¦ãÀ ãã¾ãÃ (À¶ã) ¹ãîÀã ãÀ ãäÊã¾ãã Reporting and NOSTRO modules are under process
Øã¾ãã Öõ ããõÀ ãäª¶ããâã 01.04.2010 Ôãñ Íãããã ããù¶ãÊãã¶ã Öõý ãäÀ¹ããñãäÄØã of being implemented.
Ìãâ ¶ããÔÈãñ ½ãã¡¿ãîÊÔã ãã¾ããÃãä¶Ìã¦ã Öãñ¶ãñ ãñ ãäÊã ¹ãÆãäã¾ãã£ããè¶ã Öõý Direct online remittance through our Singapore
ãäÔãâØãã¹ãìÀ Íãããã Ôãñ Ö½ããÀãè ¼ããÀ¦ããè¾ã Íããããããò ½ãò ã¶ãìÀãäàã¦ã Êãã¼ãããä©ãÃ¾ããò Branch to the beneficiarys account maintained
ãñ ãã¦ããò ½ãò Ôããè£ãñ ããù¶ãÊãã¶ã ãäÌã¹ãÆñÓã¥ã ããè ÔãìãäÌã£ãã ¹ãÆªã¶ã ãÀ ªãè ØãÃ in our Indian Branches has been enabled. This
facility has been well received by remitters as well
Öõý Ôã ÔãìãäÌã£ãã ããñ ãäÌã¹ãÆñÓãããò Ìãâ Êãã¼ã¼ããñãäØã¾ããò Ôãñ ãÞãè ¹ãÆãä¦ããäã¾ãã as the beneficiaries. This has also brought the
ãä½ãÊããè Öõý Ôã Ôãñ àãñ¨ã ãã ãäÌã¹ãÆñÓã¥ã ããÀãñºããÀ ÔãâØããä¦ã Þãõ¶ãÊã ãñ ¦ãÖ¦ã ãã Remittance Business of the area under organised
Øã¾ãã Öõý channel.
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¶ãñÌããÃ ¶¹ãÆãÔÈãÞãÀ ãñ Ìã¦ãÃ½ãã¶ã Ôãñ ã¹ã ½ãò ¶ããñ¡ Ô¦ãÀ ¹ãÀ ããä¦ããäÀã¦ã¦ãã In the present set up of Network Infrastructure,
redundancy has been achieved at node level in full.
ããñ ¹ãî¥ãÃ¦ã: ¹ãÆã¹¦ã ãÀ ãäÊã¾ãã Øã¾ãã Öõý
From the existing BSNL point-to-point leased line
Íãããã ããõÀ àãñ¨ããè¾ã ¶ãñÌããÃ ¶ããñ¡áÔã ãñ ºããèÞã ½ããõãîªã ºããèÔã¶ãÊã ¹ããâ connections between the branches and the regional
î ¹ããâ Êããèû¡ Êãã¶ã ã¶ãñãÍã¶ã Ôãñ ºãöã ¶ãñ ºããèÔã¶ãÊã ½ã¹ããèÊãÔã- network nodes, the Bank has entered into an MoU
with BSNL under Platinum partner status at
Ìããè¹ããè¶ã ãÊããõ¡ ã¶ãñãäããäÌããè, ããñ ¡ãã Ôãñ¶À Ôãñ Íããããããò ããñ Ôããè£ãñ competitive rates for migrating the leased line links
ããñü¡ñØããè, ãñ ¦ãÖ¦ã Êããè¡ Êãã¶ã ãäÊãâãÔã ½ãò ºãªÊã¶ãñ ãñ ãäÊã ¹ãÆãä¦ãÔ¹ã£ããê under BSNL MPLS-VPN cloud connectivity, which
ªÀãò ¹ãÀ ¹Êãñãä¶ã½ã ¹ããÃ¶ãÀ ÔñÔã ãñ ¦ãÖ¦ã ºããèÔã¶ãÊã ãñ Ôãã©ã Ôã½ã¢ããõ¦ãã would connect the branches directly to the data
centres. Migration process is in progress now.
ãã¹ã¶ã ãäã¾ãã Öõý ã¼ããè ºãªÊããÌã ããè ¹ãÆãäã¾ãã ããÀãè Öõý
ATMs are now outsourced under ATM Managed
ãè ½ã ¹ãÆ º ãâ ã ä £ ã¦ã Ôãñ Ì ããããò ãñ ¦ãÖ¦ã ½ãñ Ô ãÔãÃ ãè Ô ããè º ããè ããÊã ãñ Ôãã©ã services with M/s TCBIL. Vendor is in the process of
taking over the ATMs under the managed services.
ãè½ã ããñ ãºã ããÔããñÔãÃ ãÀ ãäª¾ãã Øã¾ãã Öõý ¹ãÆºãâãä£ã¦ã ÔãñÌããããñâ ãñ As on March 31, 2010, 129 ATMs in 12 regions
¦ãÖ¦ã Ìãñ¶¡À ãè½ããò ããñ ããä£ãØãÆãäÖ¦ã ãÀ¶ãñ ããè ¹ãÆãäã¾ãã ½ãò Öõý ãäª¶ããâã have been brought under the managed services. All
31.03.2010 ¦ãã 12 àãñ¨ããò ãñ 129 ãè½ããò ããñ ¹ãÆºãâãä£ã¦ã ÔãñÌããããò the ATMs of the Bank will be handed over during
ãñ ¦ãÖ¦ã Êãã¾ãã Øã¾ãã Öõý ºãöã ¶ãñ ã¹ã¶ãã ¹ãÖÊãã ½ããñºããÊã ãè½ã Þãñ¸ãõ àãñ¨ã the next three months.
½ãò ¹ãÆãÀâ¼ã ãäã¾ãã Öõý ããè¹ããèããÀÔã ã¶ãñããèãäÌããè ãã ¹ã¾ããñØã ãÀ ãè½ã The Bank has launched its first Mobile ATM in
ãã¾ãÃ ãÀ ÀÖã Öõ ããõÀ ¹ãÆãä¦ããäª¶ã ããõÔã¦ã¶ã 200 Êãñ¶ãªñ¶ã ãÀ ÀÖã Öõý Chennai Region. The ATM is functioning using GPRS
Connectivity and has been functioning successfully
with an average 200 transactions daily.
ãºã ãããè ¹ãÆ¾ããÔããò ½ãò ãäÌã¦¦ããè¾ã Ôã½ããÌãñÍã¶ã ¾ããñã¶ãã ÔãÖºã® ãã¾ããÃ¶Ìã¾ã¶ã
¦ãã¶ããè ã, Þãñ ã ã½ãã ¹ãÆ ¥ ããÊããè (Ôããè ¡ ãè Ôã)/Þãñ ã È â ãñ Íã¶ã ¹ãÆ ¥ ããÊããè New IT initiatives include projects on implementation
Technology aided Financial Inclusion Plan, setting
(Ôããè ãè Ôã) ããõ À Ã - ãä ããä â Ø ã ãõ Ô ããè ãä Ì ãÍãñ Ó ã¦ããããò Ôãñ ¾ãì ã ¦ ã ãä ã¾ããñ Ô ã up of Kiosks with features like Cheque Deposit
Ô©ãããä ¹ ã¦ã ãÀ¶ãñ ããè ¹ããä À ¾ããñ ã¶ããú Íãããä ½ ãÊã ããè ØãÃ Öö ý ããØãñ Ã ããÀ¹ããè - System (CDS)/Cheque Truncation System (CTS) and
Ôã¹ããè Ôãù Ê ¾ãî Í ã¶ã ãã ãã¾ããÃ ¶ Ìã¾ã¶ã ¹ãÆ ã ä ã¾ãã£ããè ¶ ã Öõ , ãä ãÔãÔãñ ãã¹ããó À ñ e-ticketing. Further, implementation of ERP-SAP
solution, which will enable corporate customers to
ØãÆ ã Öã ãä º ãÊã ¼ãì Ø ã¦ãã¶ã, Êãããè / ÊãÔããè ã¶ãì À ãñ £ ã, ¹ã¾ããñ ã ä Ø ã¦ãã ¼ãì Ø ã¦ãã¶ã connect to the banks network directly for straight
ãõÔãñ Êãñ¶ãªñ¶ããò ããñ Ôããè£ãñ ÔãâÔãããä£ã¦ã ãÀ ¹ããúØãñý through processing of transactions like bill payments,
LG/LC requests, utility payments etc., is in the process.
ããñÀñãÊã ãäºãã¶ãñÔã ¶ñãäÊããñ¶Ôã Ôãî ãã¾ããÃãä¶Ìã¦ã ãäã¾ãã ãã ÀÖã Öõý ¾ãÖ
Oracle Business Intelligence Suite is being
ÔãùÊ¾ãîÍã¶ã ¡õÍãºããñ¡Ã Ìãâ îÊÔã ¹ãÊãº£ã ãÀãØãã, ãäãÔãÔãñ ãäÌããä¼ã¸ã ¹ãÆããÀ implemented. This solution will provide dashboards
ããè ãä À ¹ããñ ô ¦ãõ ¾ ããÀ ããè ãã Ôããò Øããè ý ÔãÔãñ ãñ ¶³ãè ¾ ã ãã¾ããÃ Ê ã¾ã, àãñ ¨ ããè ¾ ã and tools, which will enable generation of various
ãã¾ããÃÊã¾ã ãñ ãã¾ãÃ¹ããÊãããò ããõÀ Íãããã ¹ãÆºãâ£ãããò ããñ ¶ã îÊããò ãã ¹ã¾ããñØã reports. This will help the Executives at Central Office,
Regional Office and Branch Managers to use the
ãÀ¦ãñ Öì ãäÀ¹ããñÃ ¦ãõ¾ããÀ ãÀ¶ãñ ½ãò ½ãªª ãä½ãÊãñØããè, ãäã¶ãÔãñ ¶Öò ãäÌãÍÊãñÓã¥ã tools to generate reports that will help them to do
ãÀ¶ãñ ããõÀ ããÀãñºããÀ Ôãñ ãìü¡ñ ãä¶ã¥ãÃ¾ã Êãñ¶ãñ ½ãò ½ãªª ãä½ãÊãñØããèý trend analysis and assist in taking business
decisions.
ã¹ã¶ãñ ´ãÀã ¹ãÆã¾ããñãäã¦ã àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãöã (¹ãããä¥¡¾ã¶ã ØãÆã½ã ºãöã Ìãâ The Bank played the major role in assisting the
¶ããè Ê ããâ Þ ãÊã ØãÆ ã ½¾ã ºãö ã) ãñ ãä Ê ã ãä Ô ãÁÔãñ À ãè , Þãñ ¸ ãõ ½ãò ¡ãã Ôãñ ¶ À Ìãâ Regional Rural Banks sponsored by our Bank
ÖõªÀãºããª ½ãò ãä¡ûããÔÀ ãäÀãÌãÀãè Ôãñ¶À Ô©ãããä¹ã¦ã ãÀ¶ãñ ½ãò ½ãªª ãÀãñ ºãöã (Pandyan Grama Bank and Neelachal Gramya Bank)
¶ãñ ãÖ½ã ¼ãîãä½ããã ãä¶ã¼ããÃ Öõý Öã¡ÃÌãñ¾ãÀ, ¶ãñÌããÃ, ¹ããÀ¥ããò ãñ ¹ãÆã¹ã¥ã to establish their Data Centre at Siruseri, Chennai
and Disaster Recovery Centre at Hyderabad. They
ããõÀ ¶ãñÌããÃ ã¶ãñããèãäÌããè Ô©ãããä¹ã¦ã ãÀ¶ãñ ããè ¹ãÆãäã¾ãã ããñ ãâãä¦ã½ã Â¹ã have been assisted in finalizing the procurement of
ªñ¶ãñ ½ãò ¶ãããè ½ãªª ããè ØãÃ Öõý ªãñ¶ããò ºãöã ããù¶ãÊãã¶ã Öãñ Øã Öö ããõÀ hardware, network equipments and in establishing
¶Öãò¶ãñ ã¹ã¶ããè ãì Íããããããò ããñ ¼ããè ÔããèºããèÔã ãÀ ãäª¾ãã Öõý network connectivity. Both the Banks have gone on
line and brought some of their branches under their
¦ãã¶ããèã ÔãÖºã® ãäÌã¦¦ããè¾ã Ôã½ããÌãñÍã¶ã ¾ããñã¶ãã CBS.
ºãöã ¶ãñ ¹ãÆãä¦ã Íãããã ãñ ÊãØã¼ãØã 1500 Ô½ããÃ ãã¡ãô ãñ ãÌãÀñã ÔããäÖ¦ã Technology Aided Financial Inclusion Plan
¹ãÆ ã Àâ ã ä ¼ ãã Â¹ã Ôãñ ÊãØã¼ãØã 300 Íããããããò ããñ Íãããä ½ ãÊã ãÀ¶ãñ ãñ ãä Ê ã The Bank has launched a technology assisted
smartcard based Financial Inclusion Project to initially
¦ãã¶ããè ã ÔãÖºã® Ô½ããÃ ãã¡Ã ãã£ãããä À ¦ã ãä Ì ã¦¦ããè ¾ ã Ôã½ããÌãñ Í ã¶ã ããè ã cover about 300 branches with a coverage of about
¹ããäÀ¾ããñã¶ãã ¹ãÆãÀâ¼ã ããè Öõý ããÀãñºããÀ Ôãâ¹ããäãÃ¾ããò / ÔãâÌãããäª¾ããò ããè ãä¶ã¾ãìãäã¦ã 1,500 smart cards per branch. Appointment of
Ìãâ Ô½ããÃ ãã¡Ã ããÀãè ãÀ¶ãñ ãñ ãäÊã ½ãñÔãÔãÃ ãèÔããèÔã ãäÊã. ããñ ããÔããñÔãÃ Business correspondents and issuance of smartcards
ãäã¾ãã Øã¾ãã Öõý ÌãÓãÃ ãñ ªãõÀã¶ã ããÀãñºããÀ ãä¶ãÀâ¦ãÀ¦ãã ¾ããñã¶ãã ããõÀ ãã¹ãªã Ôãñ is outsourced to M/s TCS Ltd.
ºãÀ¶ãñ (ºããèÔããè¹ããè/¡ãèããÀ) ãñ ãäÊã ¶ããèãä¦ã, ãããè ¹ãÆã¹ã¥ã ¶ããèãä¦ã, ãããè During the year, various policies like the Business
Continuity Plan and Disaster Recovery (BCP / DR)
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ããÔããñ ã ä Ô ãÃ â Ø ã ¶ããè ã ä ¦ ã ããõ À Ôãî Þ ã¶ãã ¹ãÆ ¥ ããÊããè Ôãì À àãã ¶ããè ã ä ¦ ã ãõ Ô ããè ãä Ì ããä ¼ ã¸ã Policy, IT Procurement Policy, IT Outsourcing Policy
¶ããèãä¦ã¾ããò ããñ ÊããØãî ãäã¾ãã Øã¾ãã Öõý and Information System Security Policy have been
put in place.
¹ããäÀÞããÊã¶ããò ããè ÊããØã¦ã Costing of Operations
ÊããØã¦ã ãàã ºãöã ãñ ãäÊã Êãã¼ã ºãã ¦ãõ¾ããÀ ãÀ¦ãã Öõ ããõÀ Íããããããò ããñ The Costing Cell prepares the profit budget for the
ÔãâãäÌã¦ããäÀ¦ã ãÀ¶ãñ ãñ ãäÊã ¹ãÆ¦¾ãñã àãñ¨ã ããñ Êãã¼ã ºãã ãã ããºãâ¶ã ãÀ¦ãã Bank and allocation of profit budgets to individual
Öõý ºãã ãñ ¹ãÆãä¦ã ºãöã ããè Êãã¼ã¹ãÆª¦ãã ¹ãÀ ããÌããä£ãã Ôã½ããèàãã ¶ããñ ÞÞã Regions for onward distribution to branches.
¹ãÆ º ãâ £ ã¶ã ããñ ¹ãÆ Ô ¦ãì ¦ ã ãä ã¾ãã ãã¦ãã Öõ ý Ôã ¹ãÆ ã ä ã¾ãã ½ãò ¹ããä À ÞããÊã¶ããò ããè Periodical review note on profitability of the bank
vis-à-vis budget are placed to Top Management. In
ÊããØã¦ã Ìã ãã¾ã ãä¶ã½ããÃ¥ã ãã ãä¶ãÀâ¦ãÀ ãã£ããÀ ¹ãÀ ¹ãÆºããñ£ã¶ã ãäã¾ãã ãã¦ãã Öõ this process, cost of operations and income
ããõ À ãÖãú ãÖãé ããÌãÍ¾ãã Öãñ , ÌãÖãú Ôãì £ ããÀã¦½ãã ããÀÃ Ì ããÃ ¹ãÆ ã Àâ ¼ ã ããè generation are monitored on a continuous basis and
ãã¦ããè Öõý ÊããØã¦ã Ìã Êãã¼ã ããÀããò ããñ ããÌããä£ãã Â¹ã Ôãñ ãäÌãÍÊãñãäÓã¦ã ãäã¾ãã corrective actions are initiated wherever necessary.
ãã¦ãã Öõ ããõ À ¾ããä ª ãä Ì ããä Ì ã£ã¦ãã ¹ããÃ ãã¦ããè Öõ , ¦ããñ ÞÞã ¹ãÆ º ãâ £ ã¶ã ããñ Cost and yield factors are analylsed periodically and
ãÌãØã¦ã ãÀã¾ãã ãã¦ãã Öõ ããõÀ ããØãñ ããè ããÀÃÌããÃ ãñ ãäÊã ¦ãìÀâ¦ã Ôãâºãâãä£ã¦ã any major variations are reported to Top Management
besides taking up with concerned regions
àãñ¨ã ãñ Ôãã©ã ãä½ãÊããÀ ããÀÃÌããÃ ããè ãã¦ããè Öõý ãäÌã¦¦ã ½ãâ¨ããÊã¾ã ããñ Ôããö¹ãñ immediately for further action. Statement of Intent
Øã¾ãñ ããÍã¾ãØã¦ã ãäÌãÌãÀ¥ã ½ãò ¹ãîÌãÃ ãã¾ãÃãä¶ãÓ¹ããª¶ã, Ìã¦ãÃ½ãã¶ã ºããããÀ Á¢ãã¶ã submitted to Finance Ministry involves projecting
Ìãâ ¼ããäÌãÓ¾ã ããè Ôãâ¼ããÌ¾ã¦ããããò ¹ãÀ ãã£ãããäÀ¦ã ¹ãÆ½ãìã ¹ãÆãÞãÊããò ãã ãäÌãããÔã growth of key parameters based on past
¹ãÆàãñ¹ã¥ã Íãããä½ãÊã ÀÖ¦ãã Öõý performance, present market trends and future
potentials.
Ôãì À àãã Security
Íããããããò ¦ã©ãã ¹ãÆ Í ããÔããä ¶ ãã ãã¾ããÃ Ê ã¾ããò ½ãò Ôãì À àãã ¹ãã¾ããò ãñ ããÀØãÀ The effective implementation of security measures
ãã¾ããÃ¶Ìã¾ã¶ã Ôãñ ØãÆãÖããò ¦ã©ãã Ôãû¹ã-ÔãªÔ¾ããò ãñ ãäÊã ããÀãñºããÀ ãã ÔãìÀãäàã¦ã at branches and administrative offices ensured a safe
Ìãã¦ããÌãÀ¥ã Ôãìãä¶ããäÍÞã¦ã ãäã¾ãã Øã¾ãã Öõý Ô©ãã¶ããè¾ã ãã¶ãî¶ã Ìã Ì¾ãÌãÔ©ãã ããè environment for business for customers and staff.
ãäÔ©ããä¦ã ããñ £¾ãã¶ã ½ãò ÀããÀ ããÌããä£ãã ¦ããõÀ ¹ãÀ ÔãìÀàãã ¹ãã¾ããò ãã ¹ãì¶ãÀãèàã¥ã The security measures were reviewed periodically
ãä ã¾ãã Øã¾ãã ããõ À Íããããããò ããè Ôãì À àãã ããñ Ôãì Ò ü ¤ ºã¶ãã¶ãñ ãñ ãä Ê ã keeping in view the local law and order situation
and additional steps as necessary were taken to
ããÌãÍ¾ãã¦ãã¶ãìÔããÀ ããä¦ããäÀã¦ã ãª½ã ã Øãý ºãöã ãã¶ã Ìã ½ããÊã ããè strengthen the security measures. The Bank
Ôãì À àãã Ôãì ã ä ¶ ããä Í Þã¦ã ãÀ¶ãñ ãñ ÿñ Í ¾ã Ôãñ Ôãû ¹ ã ãñ ºããè Þ ã Ôãì À àãã Ôãâ º ãâ £ ããè continued to stress on preventive measures for
ããØãÂã¦ãã ¹ãõªã ãÀ¶ãñ ããõÀ ããØã Ôãñ ºãÞããÌã Ôãâºãâ£ããè Ì¾ãÌãÔ©ãã ¦ã©ãã ÔãìÀàãã security and fire fighting arrangements and
ãñ ãäÊã ãä¶ãÌããÀ¥ãã¦½ãã ¹ã¾ããò ¹ãÀ ããñÀ ªñ¦ãã ÀÖãý inculcation of security consciousness among staff to
ensure safety to life and property.
½ãã¶ãÌã ÔãâÔãã£ã¶ã ãäÌãããÔã Human Resources Development
ã½ãÃÞãããäÀ¾ããò ããè Ôãâ¾ãã Staff Strength
31 ½ããÞãÃ 2010 ¦ãã ¼ããÀ¦ã ½ãò 10,252 ããä £ ããããä À ¾ããò , 11,997 The Banks staff strength in India stood at 26,732
ãäÊããä¹ãããò Ìã 4,483 ã£ããè¶ãÔ©ã ã½ãÃÞãããäÀ¾ããò ããñ ãä½ãÊãããÀ ºãöã ãñ ã½ãÃÞãããäÀ¾ããò comprising 10,252 Officers, 11,997 Clerks and 4,483
ããè Ôãâ ¾ãã 26,732 Öõ ý Sub-staff as of March 31, 2010.
Of the total staff strength, 6,421 members belonged
ãì Êã ã½ãÃ Þ ãããä À ¾ããò ½ãò Ôãñ ããã ãñ 6,421, ãããã ãñ 1,473 Ìã
to SC category, 1,473 to ST Category, and 2,282 to
ããä ¹ ãÌã ãñ 2,282 ã½ãÃ Þ ããÀãè Öö ý ã½ãÃ Þ ãããä À ¾ããò ½ãò 5,543 ½ããä Ö Êããú , OBC Category. Staff Strength includes 5,543 Women
1,847 £ãããä½ãÃã ãÊ¹ãÔãâ¾ãã Ôã½ãìªã¾ã, 769 ¼ãî¦ã¹ãîÌãÃ Ôãõãä¶ãã Ìãâ 556 employees, 1,847 employees from Religious minority
ÍããÀãèãäÀã Â¹ã Ôãñ ãäÌããÊããâØã ÔãªÔ¾ã Íãããä½ãÊã Ööý community, 769 ex-servicemen and 556 physically
challenged members.
½ãã¶ãÌã ÔãâÔãã£ã¶ã ¹ãÖÊã
HR Initiative
ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã, ºãöã ¶ãñ 769 ¹ããäÀÌããèàãã ããä£ããããäÀ¾ããò ¦ã©ãã During the year 2009-10, the Bank recruited 98
1040 ãä Ê ããä ¹ ãããò ãñ ãÊããÌãã 98 ãä Ì ãÍãñ Ó ãã ããä £ ããããä À ¾ããò ããè [ 52 Specialist Officers (52 Financial Analysts, 41
ãä Ì ã¦¦ããè ¾ ã ãä Ì ãÍÊãñ Í ãã, 41 ãä Ì ã¹ã¥ã¶ã ¹ãÆ º ã¶£ãã ããõ À 5 ÞãããÀ/ããããÀ Marketing Managers and 5 HR/IR Officers), besides
ããä£ãããÀãè] ¼ã¦ããê ããèý 769 Probationary Officers and 1040 Clerks.
ããä ¼ ã¹ãÆ ñ À ¥ãã Motivation

As a part of staff motivation, Quiz Programme was
Ôã¹ã ããè ããä ¼ ã¹ãÆ ñ À ¥ãã ãñ Â¹ã ½ãò ããä £ ããããä À ¾ããò ¦ã©ãã ¹ãâ Þ ãã ã½ãÃ Þ ããÀãè conducted by Bank both for Officers and Award Staff
ÔãªÔ¾ããò ãñ ãäÊã ¹ãÆÍ¶ã ½ãâÞã ãã¾ãÃã½ã ãã¾ããñãäã¦ã ãäã¾ãã Øã¾ããý Ôã¹ã ããè members. Towards staff motivation and self-
ããä¼ã¹ãÆñÀ¥ãã ããõÀ ÔÌã-ãäÌãããÔã ããñ ÒãäÓ ½ãò Àã ãÀ ½ãã¶ãÌã ÔãâÔãã£ã¶ã ããè development, HR Motivation series on various Human
ããä¼ã¹ãÆñÀ¥ãã ÏãðâãÊãã ãñ ¦ãÖ¦ã ãäÌããä¼ã¸ã ½ãã¶ãÌã ãäÌãããÔããè¾ã ¹ãÖÊãìããò ããñ Developmental aspects is circulated to all Staff
Ôã¼ããè Ôã¹ã ÔãªÔ¾ããò ½ãò ¹ããäÀÞãããäÊã¦ã ãäã¾ãã Øã¾ããý Members.
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¹ãÆ ã ä Í ãàã¥ã Training
½ãã¶ãÌã ¹ãîúããè ããñ ºãÖì½ãìããè ãäÌãããÔã ããè ÒãäÓ Ôãñ Ôã½ãð® ºã¶ãããÀ ¦ãðÓ Keeping in view the mission of the bank to enrich
Human Capital through all-round development aiming
ØãÆãÖã ÔãñÌãã ããõÀ Íãñ¾ãÀ£ããÀããò ããñ ½ãîÊ¾ã Ìããä®Ã¦ã ÔãñÌãã ½ãìÖõ¾ãã ãÀã¶ãñ ãñ at providing excellent customer service & value
ÿñÍ¾ã Ôãñ ºãöãäãâØã ãñ ½ãîÊã¼ãî¦ã àãñ¨ããò ãñ ãÊããÌãã ºãöãäãâØã ãñ Ôã½ãããÊããè¶ã appreciation to shareholders training is imparted on
½ãìÿãò ¹ãÀ ããâ¦ããäÀã ããõÀ ºããÛã ¹ãÆãäÍãàã¥ã ãñ ´ãÀã ¹ãÆãäÍãàã¥ã ¹ãÆªã¶ã ãäã¾ãã contemporary issues of banking apart from basic
ãã¦ãã Öõý ¹ãÆãäÍãàã¥ã ãñ ½ãÖ¦¹ãî¥ãÃ àãñ¨ããò ½ãò ããñãäã½ã ¹ãÆºãâ£ã¶ã, ¦ãã¶ããèããò areas of banking through the internal and external
¦ã©ãã ãâ¹¾ãîÀ ããØãÂã¦ãã ãñ ãÊããÌãã £ããÀ ½ãîÊ¾ããâã¶ã / £ããÀ ¹ãÆºããñ£ã¶ã mode. The focus continued to be on Credit Appraisal/
Credit Monitoring, NPA Management & Recovery in
Ìã ¹ã¾ãÃÌãñàã¥ã, ã¶ããÃã ãããäÔ¦ã¾ããò ãã ¹ãÆºãâ£ã¶ã ããõÀ ÌãÔãîÊããè ¹ãÀ ¼ããè ããñÀ addition to Risk Management and Computer
ãäª¾ãã ãã¶ãã ããÀãè Àãã Øã¾ããý Ôããñ ãÊããÌãã ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã, ¹ãÆã©ããä½ãã¦ãã awareness. Apart from the above, training was also
£ããÀ, ãñÌããÃÔããè / ½ã Êã, ºããè Ôããè Ôã ºããè ããÃ, Ôã½ãÃ/Ôãîà½ã given in Foreign Exchange, Priority Credit, KYC/ AML,
ãäÌã¦¦ããè¾ã ããõÀ ØãÆã½ããè¥ã £ããÀ , ÔãîÞã¶ãã ¹ãÆãõ²ããñãäØãããè ¦¹ããª ¹ãÀ ¹ãÆãäÍãàã¥ã BCSBI, SME /Micro Finance & Rural Credit, IT
ãäª¾ãã Øã¾ããý ãä¶ãÀãèàãããò ãñ ãäÊã ãã¾ãÃã½ã ,ãä¶ãÌããÀã Ôã¦ããÃ¦ãã , ÔãÖã¾ãã Products. Programme for Inspectors, Preventive
Vigilance, Management Development programme for
½ãÖã ¹ãÆºãâ£ãããò ããõÀ ½ãì¾ã ¹ãÆºãâ£ãããò ãñ ãäÊã ¹ãÆºãâ£ã¶ã ãäÌãããÔã ãã¾ãÃã½ã AGMs & Chief Managers were also conducted.
¼ããè ÞãÊãã¾ãã Øã¾ããý
Induction programme for newly recruited probationary
¶ã ¦ããõ À ¹ãÀ ¼ã¦ããê ãä ã Øã ¹ããä À Ìããè à ãã£ããè ¶ ã ããä £ ããããä À ¾ããò ãñ ãä Ê ã officers were conducted apart from Orientation
ããñãäÀ¾ãâñÍã¶ã ãã¾ãÃã½ã ããõÀ ¹ãÆãè ã¶ã¹ãÀ½ãñÍã¶ã ãã¾ãÃã½ã ãñ ãÊããÌãã ¶ã programme & Pre Confirmation Programme for
¹ããäÀÌããèàãã£ããè¶ã ããä£ããããäÀ¾ããò ãñ ãäÊã â¡ãÍã¶ã ãã¾ãÃã½ã ¼ããè ÞãÊãã Øãý Probationary Officers.
Pre Promotion Training for SC/ST members who are
ãäÌããä¼ã¸ã Ôã¹ã ¹ãÆãäÍãàã¥ã ãñ¶³ãò ¹ãÀ ¹ãâÞãã Ôã¹ã Ôãñ ãäÊããä¹ãã ÔãâÌãØãÃ ½ãò eligible for promotion from Sub Staff to Clerical cadre
¹ãªãñ ¸ ããä ¦ ã Öñ ¦ ãì ¹ãã¨ã ã ãã / ã ã ãã ÔãªÔ¾ããò ãñ ãä Ê ã ¹ãªãñ ¸ ããä ¦ ã ¹ãî Ì ãÃ was conducted at various Staff Training Centres.
ãã¾ãÃã½ã ÞãÊãã Øãý Special emphasis was given on programmes like
Marketing of the banks products, SME Finance,
Íããããããò ãñ ÔãìÞããÂ ÔãâÞããÊã¶ã ãñ ãäÊã àãñ¨ã ãäÌãÍãñÓã ãã¾ãÃã½ã ããõÀ Ô©ãã¶ã Marketing of CASA & Ancillary Services, apart from
¹ãÀ ãã¾ãÃã½ã ãñ ãÊããÌãã Ö½ããÀñ ºãöã ãñ ¦¹ããªãò ãã ãäÌã¹ã¥ã¶ã , Ôã ½ã Ã Region specific programmes & on location programme
ãäÌã¦¦ã¹ããñÓã¥ã , ããÔãã ããõÀ ã¶ãìÓãâØããè ÔãñÌããããò ãñ ãäÌã¹ã¥ã¶ã ãõÔãñ ãã¾ãÃã½ããò for efficient handling of branches. Session on
¹ãÀ ãäÌãÍãñÓã ããñÀ ãäª¾ãã Øã¾ããý Ôã¹ã ¹ãÆãäÍãàã¥ã ½ãÖããäÌã²ããÊã¾ã ããõÀ Ôã¹ã Compliance Policies, Official Language
¹ãÆ ã ä Í ãàã¥ã ãñ ¶³ ¹ãÀ ÞãÊãã ãã ÀÖñ Ôãã½ãã¶¾ã ¹ãÆ ã ä Í ãàã¥ã ãã¾ãÃ ã½ããò ½ãñ Implementation and Preventive Vigilance were
included in the general training programmes
ã¶ãì¹ããÊã¶ã ¶ããèãä¦ã¾ããò , Àãã¼ããÓãã ãã¾ããÃ¶Ìã¾ã¶ã ããõÀ ãä¶ãÌããÀã Ôã¦ããÃ¦ãã ¹ãÀ conducted at Staff Training College and Staff Training
Ôã¨ã Íãããä ½ ãÊã ãä ã Øãý ¶ã ¼ãÀ¦ãñ àãñ ¨ ããò ¹ãÀ Íããããããò / àãñ ¨ ããè ¾ ã Centres. Training slots were allotted to different Central
ãã¾ããÃÊã¾ããò ¹ãÀ ½ãì¾ã ãã¾ãÃã¦ããÃããò ããñ ¹ãÆãäÍãàã¥ã ãñ ããäÀ Ôãàã½ã ºã¶ãã¶ãñ Office Departments for organising ad-hoc
ãñ ãäÊã ¦ãª©ãÃ ãã¾ãÃã½ã ÞãÊãã¶ãñ ãñ ãäÊã ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ãñ ãäÌã¼ããØããò programmes to enable them to train key functionaries
ããñ ¹ãÆãäÍãàã¥ã ÔÊããù ããºãâãä¦ã ãäã Øãý at Branches/ Regional Offices on new emerging
areas.
ÌãÓãÃ ãñ ªãõ À ã¶ã Ôãñ Ì ãããä ¶ ãÌãð ¦ ¦ã Öãñ ¶ ãñ ÌããÊãñ ããä £ ããããä À ¾ããò Ìã ¹ãâ Þ ãã Ôã¹ã The Pre Retirement counseling programme was
ÔãªÔ¾ããò ãñ ãä Ê ã ¹ãÆ ã è ãä À ã¾ãÀ½ãò ããâ ã ä Ô ããä Ê ãâ Ø ã ãã¾ãÃ ã½ã ÞãÊãã Øãý conducted for Officers and Award Staff Members who
ºãö ã ¶ãñ Ôãñ Ì ãããä ¶ ãÌãð ¦ ¦ã ãã¾ãÃ ¹ ããÊãããâ ñ ããè Ôãñ Ì ããâ Ôãâ ã ä Ì ãªã ¹ãÀ Êããé ãä ãÔãÔãñ retired during the year. Bank has engaged the
¶ããñ ã¶ãì¼ãÌããò, ãã¶ã ããõÀ ºãöãäãâØã ãñ ãäÌããäÌã£ã ãã¾ãã½ããò ããè ãäÌãÍãñÓãã¦ãã services of retired executives on contract basis in
training system to derive the benefit of their
ãã Êãã¼ã ã¾ãã ãã Ôããñý experience, knowledge and expertise in various
ãã¾ãÃ¹ããÊãããò ããñ ãäÌãªñÍããè ¹ãÆãäÍãàã¥ã ãñ ãäÊã ¶ãããä½ã¦ã ãäã¾ãã Øã¾ãã ãäãÔãÔãñ facets of banking.
ºãöãäãâØã ããõÀ ¹ãÆãõ²ããñãäØãããè ¹ãÀ ã¶¦ãÀÀãÓÈãè¾ã ¹ããäÀ¹ãÆñà¾ããò ããñ ¹ãÆã¹¦ã ãäã¾ãã ãã Executives were nominated for overseas training to
Ôããñ ããõÀ ã¶¾ã ¹ãÆãä¦ã¼ãããäØã¾ããò ½ãò ¶ããñ ã¶ãì¼ãÌã Ìã ãäÌãÍãñÓãã¦ãã ããñ ºããâã acquire international perspective on banking &
technology and share their expertise and experience
ãã Ôããñý with other participants.
Ã Êããä¶ãÄØã ãñ ã ¼ããØã ãñ Â¹ã Ôã¹ã ããÊãñã ´ãÀã ¹ããñÃÊã ÊããâÞã ãäã¾ãã As a part of E-Learning ,a portal was launched by
Øã¾ãã ¦ãããäã ºãöãäãâØã ¹ããäÀÞããÊã¶ã ãñ ãäÌããä¼ã¸ã àãñ¨ããñâ ½ãñâ Ã-Ôã¨ã ¹ãÆªã¶ã ãäã¾ãã Staff College , to serve as a vehicle for providing
ãã Ôããñý e-lessons on different areas of banking operations.
Internal Training
ããâ¦ããäÀã ¹ãÆãäÍãàã¥ã
The internal training system comprises of a Staff
ããâ¦ããäÀã ¹ãÆãäÍãàã¥ã ¹ãÆ¥ããÊããè ½ãò ã Ôãû¹ã ½ãÖããäÌã²ããÊã¾ã, 9 Ôãû¹ã ¹ãÆãäÍãà¥ã College, 9 Staff Training Centres and one Rural
ãò³ ¦ã©ãã ã ØãÆã½ããè¥ã ºãöãäãâØã ¹ãÆãäÍãàã¥ã ãò³ Íãããä½ãÊã Ööý 995 ãã¾ãÃã½ããò Banking Training Centre. Internal training was
ãã ãã¾ããñã¶ã ãÀãñ ãìÊã 15,613 Ôãû¹ã ããñ ããâ¦ããäÀã ¹ãÆãäÍãàã¥ã ãäª¾ãã imparted to 15,613 staff comprising of 8,548 Officers,
Øã¾ãã ãäãÔã½ãò 8548 ããä£ãããÀãè, 5915 ãäÊããä¹ãã ããõÀ 1150 ã£ããè¶ãÔ©ã 5,915 Clerical and 1,150 Sub-staff by conducting 995
programmes. Of the total staff trained 3,205 belonged
Ôãû¹ã Íãããä½ãÊã ©ãñ ý ¹ãÆãäÍããäàã¦ã ãìÊã Ôãû¹ã ½ãò 3,205 ã ãã ãñ ããõÀ to SC, and 1,104 belonged to ST.
1,104 ã ã ãã ãñ ©ãñ ý
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ºããÖÀãè ¹ãÆãäÍãàã¥ã Ìã ãäÌãªñÍã ½ãò ¹ãÆãäÍãàã¥ã External Training and Overseas Training
ºãöã ¶ãñ ¹ãÆãä¦ãÓã¦½ãã ºããÛã ÔãâÔ©ããããò ´ãÀã ãã¾ããñãäã¦ã ¹ãÆãäÍãàã¥ã ãã¾ãÃã½ããò The Bank had also deputed 48 Executives and
270 Officers for training programmes conducted by
½ãò 48 ãã¾ãÃ¹ããÊãããò ããõÀ 270 ããä£ããããäÀ¾ããò ããñ ¹ãÆãä¦ããä¶ã¾ãìã¦ã ãäã¾ããý reputed external institutes. Apart from these 8
¶ããñ ãÊããÌãã 8 ãã¾ãÃ¹ããÊãããò Ìãâ 6 ããä£ããããäÀ¾ããò ããñ ãäÌãªñÍã ½ãò ¹ãÆãäÍãàã¥ã executives and 6 officers were deputed for training
ãñ ãäÊã ¹ãÆãä¦ããä¶ã¾ãìã¦ã ãäã¾ãã Øã¾ããý abroad.
àãñ û ØãÆãû ºãöã ãñ Ôãû¹ã-ÔãªÔ¾ããò ããñ ¹ãÆãäÍãàã¥ã Training for Staff of RRBs
ºãöã ¶ãñ ¶ããèÊããÞãÊã ØãÆã½¾ã ºãöã ¦ã©ãã ¹ããâãä¡¾ã¶ã ØãÆã½ãã ºãöã ãñ 508 Ôãû¹ã- The Bank had also trained 508 staff members of
Neelachal Gramya Bank and Pandyan Grama Bank
ÔãªÔ¾ããò ããñ 33 ¹ãÆãäÍãàã¥ã ãã¾ãÃã½ããò ½ãò ¹ãÆãäÍããäàã¦ã ãäã¾ããý ãìÊã ¹ãÆãäÍããäàã¦ã through 33 Training Programmes. Of the total staff
Ôãû¹ã-ÔãªÔ¾ããò ½ãò ã¶ãìÔãîãäÞã¦ã ãããä¦ã ãñ 88 ¦ã©ãã ã¶ãìÔãîãäÞã¦ã ã¶ããããä¦ã trained 88 belonged to SC and 3 belonged to ST .
ãñ 3 ÔãªÔ¾ã ©ãñý
Prospects
Ôãâ¼ããÌã¶ããâ The year 2010-11 is expected to witness improved
ÌãÓãÃ 2010-11 ½ãò ãããä©ãÃã ãä¶ãÓ¹ããª¶ã ãñ ºãü¤¶ãñ, ãä¶ã¾ããÃ¦ã ½ããâØã ½ãò Ìãðãä® economic performance, revival of export demand and
more conducive global economic environment. All
Öãñ¶ãñ ããõÀ ÌãõãäÍÌãã ãããä©ãÃã ¹ããäÀÌãñÍã ½ãò ããõÀ ããä£ãã Ôã½ãã¶ãìãîÊã Ìãã¦ããÌãÀ¥ã these positive features are expected to strengthen
¦¹ã¸ã Öãñ¶ãñ ããè ã¹ãñàãã ããè ãã¦ããè Öõý ¶ã Ôã¼ããè ÔãããÀã¦½ãã ¹ãÖÊãìããò Ôãñ the economy and launch it on a higher growth path
½½ããèª ããè ãã¦ããè Öõ ãäã Ìãñ ã©ãÃÌ¾ãÌãÔ©ãã ããñ Ôãìªðü¤ ãÀòØãñ ããõÀ ããØãã½ããè in the subsequent years.
ÌãÓããô ½ãò Ôãñ ããä£ãã ãäÌãããÔã ããè ããñÀ ãØãÆÔãÀ ãÀòØãñý
36
ÌãÓãÃ 2009-10 ãñ ãäÊã ãã¹ããóÀñ ØãÌã¶ãôÔã ¹ãÀ ãä¶ãªñÍãã REPORT OF THE BOARD OF DIRECTORS ON
CORPORATE GOVERNANCE
½ãâ¡Êã ããè ãäÀ¹ããñÃ FOR THE YEAR 2009-10
ã. ããä£ãªñÍãã¦½ãã ããÌãÍ¾ãã¦ããú A. MANDATORY REQUIREMENTS:
1. BANKS PHILOSOPHY ON CODE OF
1 . ØãÌã¶ãó¶Ôã ããñ¡ ¹ãÀ ºãöã ãã ªÍãÃ¶ã GOVERNANCE:
ããù¹ããóÀñ ØãÌã¶ãó¶Ôã ÔãÌãÃ-½ãÖ¦Ìã¹ãî¥ãÃ ÔãâÀÞã¶ãã¦½ãã ¤ãúÞãã ¹ãÆªã¶ã ãÀ¦ãã Öõ, Corporate Governance provides the all-important
ãäãÔãÔãñ ãäãÔããè ¼ããè ÔãâØã¶ã ãñ ÿñÍ¾ããò ããñ ãä¶ããäÍÞã¦ã ãäã¾ãã ãã¦ãã Öõ ããõÀ structure through which the objectives of an
organization are set as well as determines the means
Ôãñ ¹ãÆã¹¦ã ãÀ¶ãñ Ìã Ôããñ ãã¾ãÃ-ãä¶ãÓ¹ããª¶ã ¹ãÀ ãä¶ãØãÀã¶ããè Àã¶ãñ ãã ½ããØãÃ of attaining those objectives and monitoring
ãä¶ããäÍÞã¦ã ãäã¾ãã ãã¦ãã Öõý ÔÌãÔ©¾ã ããù¹ããóÀñ ØãÌã¶ãó¶Ôã ãã ÿñÍ¾ã ããù¹ããóÀñ performance. The primary objective of sound corporate
ãã¾ãÃ-ãä¶ãÓ¹ããª¶ã ããñ ºãñÖ¦ãÀ ºã¶ãã¶ãñ ããõÀ ªãèÜããÃÌããä£ã Íãñ¾ãÀ£ããÀã ½ãîÊ¾ã governance is to contribute to improved corporate
¦¹ã¶¶ã ãÀ¶ãñ ããè ãäã½½ãñªãÀãè ½ãò ã¹ã¶ãã §ãÀªããä¾ã¦Ìã ¹ãÆªã¶ã ãÀ¶ãã Öãñ¦ãã performance and accountability in creating long term
Öõý shareholder value.
The Bank has been scrupulously ensuring
ºãöã Ôã¼ããè àãñ¨ããò ½ãò ãäÌããä¶ã¾ãã½ãã ¹ãÆããä£ããããäÀ¾ããò ´ãÀã ãä¶ã£ããÃãäÀ¦ã ½ãã¶ãª¥¡ãò compliances with norms laid down by regulatory
ãñ ã¶ãì¹ããÊã¶ã ããñ ãäºã¶ãã Þãîã Ôãìãä¶ããäÍÞã¦ã ãÀ ÀÖã Öõý ºãöã Ö½ãñÍãã Öãè authorities in all areas. The Bank has always been
ãÞñ ããù¹ããóÀñ ØãÌã¶ãó¶Ôã ããñ ã¹ã¶ãã¶ãñ ããõÀ ¹ããÊã¶ã ãÀ¶ãñ ½ãò Ôããäã¾ã ÀÖã proactive in adopting as well as practicing good
Corporate Governance. The Board recognizes
Öõý ºããñ¡Ã £ã¶ã Ìãâ Õããñ¦ããò ãñ Ôãðã¶ã, ÔãâÀàã¥ã Ìãâ ¶Öò ºãü¤ã¶ãñ ãñ ãäÊã its accountability to all stakeholders of the Bank
ºãöâã ãñ Ôã¼ããè ãäÖ¦ã£ããÀããò ãñ ¹ãÆãä¦ã ã¹ã¶ããè ãäã½½ãñªããäÀ¾ããò ããñ ¹ãÖÞãã¶ã¦ãã for creating, protecting and enhancing wealth and
Öõ ããõÀ ¶Öò Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ Ìãâ ¹ããÀªÍããê ¦ãÀÖ Ôãñ ã¹ã¶ãñ ãã¾ãÃ-ãä¶ãÓ¹ããª¶ã resources for the Bank and reporting to them
ããè ãäÀ¹ããñÃ ªñ¦ãã Öõý ºãöã ããñ ¾ãÖ ¹ãÆ¾ããÔã ãÀ¶ãã ÞãããäÖ ãäã ããù¹ããóÀñ on its performance in a timely and transparent
ØãÌã¶ãó¶Ôã ããñ ºãü¤ã¶ãñ ãñ ãäÊã ¦ãðÓ ÔãªãÞããÀ ãã ãã¾ããÃ¶Ìã¾ã¶ã Ôãìãä¶ããäÍÞã¦ã manner. It is the Banks endeavour to ensure the
implementation of best practices for the purpose
ãÀò, ãäãÔãÔãñ Íãñ¾ãÀ£ããÀããò ããñ ¼ããè Êãã¼ã ¹ãÖìúÞãñý of enhancing corporate governance and in turn
ºãöã Ôã½ãØãÆ ØãÌã¶ãó¶Ôã ¹ãÆãäã¾ãã ããè ¹ãÆ¼ããÌããããäÀ¦ãã ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ, benefiting shareholder interests.
¹ãÆ¼ããÌãããÀãè ãäÌã§ããè¾ã ãäÀ¹ããñãäÄØã Ìã ¹ãÆã¶ã ½ãã¶ãª¥¡ ãñ ÀãÀããÌã ããñ The Bank appreciates its fiduciary duty and
responsibility for ensuring the effectiveness of its overall
Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ããõÀ ÞÞã ¶ããèãä¦ã ½ãã¶ãããò ãã ¹ããÊã¶ã ãÀ¶ãñ ãñ ã¹ã¶ãñ governance process, for ensuring the maintenance
¶¾ããÔããè¾ã ã¦ãÃÌ¾ã ããõÀ ãäã½½ãñªããäÀ¾ããò ããè ÔãÀãÖ¶ãã ãÀ¦ãã Öõý of effective financial reporting and disclosure norms
and adherence to high ethical standards.
Ö½ããÀãè ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¶ããèãä¦ã¾ããú ãä¶ã½¶ããäÊããäã¦ã ãäÔã®ãâ¦ããò ¹ãÀ ãã£ãããäÀ¦ã
Öõý The Banks Corporate Governance policies are
based on the following principles:
⇒ ãã¶ãî¶ã ãã ãàãÀÍã: ã¶ãì¹ããÊã¶ã Öãñ ý ⇒ Satisfy the law both in letter and in spirit
⇒ ¹ããÀªÍããê ÀÖ¶ãã ããõÀ ÞÞã ¹ãÆããèãÀ¥ã Ô¦ãÀ ºã¶ãã Àã¶ãã ý ⇒ Be transparent and maintain a high degree
of disclosure levels.
⇒ ºãöã ãã ããâ¦ããäÀã ãã½ãããã ãõÔãñ ÞãÊã¦ãã Öõ Ôããñ ºããÀñ ½ãò ºããÖÀ ⇒ Communicate externally in a truthful manner
ÔãÖãè ãã¶ãããÀãè ªñ¶ãã ý about how the bank is run internally
⇒ Comply with laws of all the countries in which
⇒ ãäã¶ã ªñÍããò ½ãò ºãöã ãã½ã ãÀ ÀÖã Öõ ¶ã Ôã¼ããè ªñÍããò ãñ ãã¶ãî¶ã ãã
the Bank operates
ã¶ãì¹ããÊã¶ã ãÀ¶ããý
⇒ Realise that management is only the trustee
⇒ ¾ãÖ Ôã½ã¢ã¶ãã ãäã ¹ãÆºãâ£ã¶ã ã¶ã¦ãã ããè ãä¶ããä£ã¾ããò ãã ãñÌãÊã ¶¾ããÔããè and custodian of the public funds and not
ããõÀ ÔãâÀàãã Öõ ¶ã ãäã Ôããã ÔÌãã½ããè ý the owner
The Banks existing corporate vision: To be a
ºãöã ããè Ìã¦ãÃ½ãã¶ã ãã¹ããóÀñ ÒãäÓ: Êãã¼ã Ìã Ìãðãä® ãñ àãñ¨ã ½ãò ÔãºãÔãñ ããØãñ Leader in terms of Profit and Growth and also
ÀÖãÀ ØãÆãÖããò ããñ ÔãìÀãäàã¦ã ¦ã©ãã ¶ãõãä¦ãã ºãöãäãâØã ÔãñÌããú ¹ãÆªã¶ã ãÀ¶ããý providing Safe & Ethical Banking Services to
ºãöã ã¹ã¶ãñ ÔãâÔãã£ã¶ããò Ìã ¹ãÆºãÊã¦ãã ããõÀ À¥ã¶ããèãä¦ã¾ããò Ôãñ Ôã ÒãäÓ ããñ Customers. The Bank will continue to focus its
¹ãÆã¹¦ã ãÀ¶ãã ããÀãè ÀãñØãã ý resources, strengths and strategies to achieve this
vision.
37
2. ãä ¶ ãªñ Í ãã ½ãâ ¡ Êã 2. BOARD OF DIRECTORS:
ã. Ôãâ À Þã¶ãã a. Composition:

ºãöã ãñ ããÀãñºããÀ ãã ãã¾ãÃ¼ããÀ ãä¶ãªñÍãã ½ãâ¡Êã ¹ãÀ Öõý ã£¾ãàã Ìã ¹ãÆºãâ£ã The business of the Bank is vested with the Board
ãä¶ãªñÍãã ¦ã©ãã ªãñ ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã ½ãâ¡Êã ãñ ¹ã¾ãÃÌãñàã¥ã, ãä¶ãªñÃÍã¶ã of Directors. The CMD and two EDs function
ããõÀ ãä¶ã¾ãâ¨ã¥ã ½ãò ãã½ã ãÀ¦ãñ Ööý ãä¶ãªñÍãã ½ãâ¡Êã ½ãò 31.03.2010 under the superintendence, direction and control
of the Board. The strength as on 31.03.2010 is
¦ãã ºããÀÖ ÔãªÔ¾ã ÀÖñ, ãäã¶ã½ãò ¦ããè¶ã ãã¾ãÃ¹ããÊãã ¹ãî¥ãÃ ãããäÊãã ãä¶ãªñÍãã twelve directors comprising three whole time
Öö Ìã ¶ããõ ØãõÀ ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã Öö ãäãÔã½ãò ¦ããè¶ã ãä¶ãªñÍãã Íãñ¾ãÀ Directors and nine non-executive Directors, which
£ããÀããò ´ãÀã ¶ããñ ãäÖ¦ããò ãñ ãäÌããä£ãÌã¦ã ¹ãÆãä¦ããä¶ããä£ã¦Ìã ãñ ãäÊã Þãì¶ãñ Øã includes three directors elected by the
Ööý shareholders to duly represent their interest.
ã . ãäÌã§ããè¾ã ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã ãã¾ãÃÀ¦ã ãä¶ãªñÍãããò b. Particulars of directors who held office
ãñ ãäÌãÌãÀ¥ã during the financial year 2009-2010:
ã.Ôãâ. ãä¶ãªñÍãã ãã ¶ãã½ã ¹ãª¶ãã½ã ãä¶ãªñÍãã¦ãã ãã ãä¶ã¾ãìãäã¦ã ããè
ÌãÓãÃ ãñ ªãõÀã¶ã Sl Name of the Director Designation Nature of Date of Retirement/
No Directorship Appointment demission of
ÔÌãÂ¹ã ¦ããÀãèã ÔãñÌãã ãä¶ãÌãð¦¦ã /
office during
ãã¾ãÃããÊã ããè the year
Ôããä½ããä¦ã
1 Ñããè Ôã ¼ã ã£¾ãàã Ìã ¹ãÆºãâ£ã ãã¾ãÃ¹ããÊãã / 04.06.2007 - 01 Shri S A Bhat Chairman & Executive / 04.06.2007
ãä¶ãªñÍãã ¹ãî¥ãÃãããäÊãã Managing Whole Time
Director
2 Ñããè ããè ¶ããÀã¾ã¥ã¶ã ãã¾ãÃ¹ããÊãã ãã¾ãÃ¹ããÊãã / 07.11.2007 31.10.2009 02 Shri G Narayanan Executive Executive / 07.11.2007 31.10.2009 -
ãä¶ãªñÍãã ¹ãî¥ãÃãããäÊãã ããñ ÔãñÌãããä¶ãÌãð§ã Director Whole Time Retired
3 Ñããè ÌããÃ Êã ½ãªã¶ã ãã¾ãÃ¹ããÊãã ãã¾ãÃ¹ããÊãã / 16.05.2008 - 03 Shri Y L Madan Executive Executive / 16.05.2008
ãä¶ãªñÍãã ¹ãî¥ãÃãããäÊãã Director Whole Time
4 Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã ãã¾ãÃ¹ããÊãã ãã¾ãÃ¹ããÊãã / 07.12.2009 - 04 Smt.NupurMitra Executive Executive /
ãä¶ãªñÍãã ¹ãî¥ãÃãããäÊãã Director Whole Time 07.12.2009
5 ¡ãù.ãäÌã¶ããè¦ãã ãì½ããÀ ÔãÀããÀãè ¶ãããä½ã¦ããè ÔãÀããÀãè 10.06.2008 - 05 Dr. Vinita Kumar Govt. Nominee Official
ãä¶ãªñÍãã ØãõÀ-ãã¾ãÃ¹ããÊãã Director Non Executive 10.06.2008
6 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã ¼ãã ãäÀ ºãöã ãñ ØãõÀ ãã¾ãÃ¹ããÊãã 27.02.2007 - 06 Smt. Chitra Chandramouliswaran RBI Nominee Non Executive 27.02.2007
Director
¶ãããä½ã¦ããè ãä¶ãªñÍãã
07 Shri N Sridaran Workmen Non Executive 20.04.2007
7 Ñããè ¶ã Ñããè£ãÀ¶ã ã½ãÃããÀ ã½ãÃÞããÀãè ØãõÀ ãã¾ãÃ¹ããÊãã 20.04.2007 - Employee
ãä¶ãªñÍãã Director
8 Ñããè ãñ ¡ãè Íã½ããÃ ããä£ãããÀãè ã½ãÃÞããÀãè ØãõÀ ãã¾ãÃ¹ããÊãã 09.03.2006 30.11.2009 08 Shri J D Sharma Officer Non Executive 09.03.2006 30.11.2009
ãä¶ãªñÍãã ããñ ãã¾ããÃÊã¾ã Employee demitted office
¦¾ããØã ãäª¾ãã Director
9 Ñããè. ãñ ãã¶ãâª ãì½ããÀ ããä£ãããÀãè ØãõÀ ãã¾ãÃ¹ããÊãã 26.03.2010 - 09 Shri K. Ananda Kumar Officer
ã½ãÃÞããÀãè ãä¶ãªñÍãã Employee
Director Non Executive 26.03.2010 -
10 Ñããè ½ã ÀÌããé³ ãäÌãã½ã Ôã¶ãªãè ÊãñãããÀ ØãõÀ ãã¾ãÃ¹ããÊãã 11.10.2006 10.10.2009 10 Shri M. Ravindra Vikram Chartered Non Executive 11.10.2006 10.10.2009
ãä¶ãªñÍãã / ããñ ãã¾ããÃÊã¾ã Accountant demitted office
ãâÍããããäÊãã ¦¾ããØã ãäª¾ãã Director
ØãõÀ ÔãÀããÀãè Part time
Non official
11 Ñããè ºããè Ìããè ã¹¹ãã ÀãÌã ãä¶ãªñÍãã / ØãõÀ ãã¾ãÃ¹ããÊãã 29.08.2008 -
ãâÍããããäÊãã 11 Shri B V Appa Rao Director/ Non Executive 29.08.2008
ØãõÀ ÔãÀããÀãè Part-time
Non Official
12 Ñããè ÔãîÀã ã¨ããè ãä¶ãªñÍãã / ØãõÀ ãã¾ãÃ¹ããÊãã 26.10.2009 - 12 Shri Sooraj Khatri Director / Non Executive 26.10.2009 -
ãâÍããããäÊãã Part-time
ØãõÀ ÔãÀããÀãè Non Official
13 Ñããè ãñ ¼ããØãÃÌã Íãñ¾ãÀ£ããÀã ØãõÀ ãã¾ãÃ¹ããÊãã 08.12.2008 - 13 Shri A.K. Bhargava Shareholder
ãä¶ãªñÍãã Director Non Executive 08.12.2008
14 ¡ãù. ãäÞãÀâããèºã Ôãñ¶ã Íãñ¾ãÀ£ããÀã ØãõÀ ãã¾ãÃ¹ããÊãã 08.12.2008 - 14 Dr. Chiranjib Sen Shareholder
15 Ñããè ÌãñÊÊãõ¾ã¶ã Íñã¾ãÀ£ããÀã ØãõÀ ãã¾ãÃ¹ããÊãã 08.12.2008 - 15 Shri A Vellayan Shareholder

38
ºãöã ãñ ãä¶ãªñÍãããò ãã ¹ãÆãñ¹ããÊã ã¶ãìºãâ£ã ½ãò ãäª¾ãã Profile of Directors of the Bank is enclosed
Øã¾ãã Öõ ý as an Annexure.
It is declared that none of the directors are related
¾ãÖ Üããñ ã ä Ó ã¦ã ãä ã¾ãã ãã¦ãã Öõ ãä ã ããñ Ã ¼ããè ãä ¶ ãªñ Í ãã ã ªî Ô ãÀñ to each other or related to any of the employees
ãñ ãä À Í¦ãñ ª ãÀ ¶ãÖãé Öö ¾ãã ºãö ã ãñ ãä ãÔããè ã½ãÃ Þ ããÀãè ãñ ãä À Í¦ãñ ª ãÀ of the bank.
¶ãÖãé Öö ý
The Board has adopted a Code of Conduct for
½ãâ¡Êã ¶ãñ ãä¶ãªñÍãããò ããõÀ Ôã¼ããè ½ãÖã¹ãÆºãâ£ãããò ãñ ãäÊã ããÞãÀ¥ã ÔãâãäÖ¦ãã Directors and all the General Managers and a
declaration has been obtained from the CMD
ã¹ã¶ããÃ Öõ ããõÀ ã.Ìã.¹ãÆ.ãä¶ã Ôãñ Ôã ããÍã¾ã ããè ÜããñÓã¥ãã ¹ãÆã¹¦ã ããè ØãÃ Öõ
confirming their compliance with the Code of
ãäãÔã½ãò ÔãâãäÖ¦ãã ã¶ãì¹ããÊã¶ã ããè ¹ãìãäÓ ããè ØãÃ Öõ ããõÀ Ôã ãäÀ¹ããñÃ ãñ Ôãã©ã Conduct and is attached to this report.
ÔãâÊãØ¶ã Öõý
Shri K Sundar Rajan, Deputy General Manager,
ºããñ¡Ã ÔãñÌãã ãäÌã¼ããØã Ôãñ ãìü¡ñ Ñããè ãñ ÔãìâªÀ Àãã¶ã, ¹ã ½ãÖã ¹ãÆºãâ£ãã ãÖÃ¦ãã a qualified Company Secretary, attached to Board
¹ãÆã¹¦ã ãâ¹ã¶ããè ÔããäÞãÌã Öõâ ããõÀ ¡ãù ØããâØãìÊããè Ôããä½ããä¦ã ããè ãäÔã¹ãããäÀÍããò ãñ Services Department, is also the Secretary to the
Board, in accordance with the recommendations
ã¶ãìÔããÀ Ìãñ ºããñ¡Ã ãñ ¼ããè ÔããäÞãÌã Öõâ ý of the Dr. Ganguly Committee.
Øã. ãä¶ãªñÍãã ½ãâ¡Êã ããè ºãõãò c. Meetings of the Board:
ºãõã ããè ¦ããÀãèã Ìã Ô©ãã¶ã ããõÀ ãã¾ãÃÔãîÞããè Ôã¼ããè ãä¶ãªñÍãããò ããñ Ôã½ã¾ã The date and place of the meeting as well as
ÀÖ¦ãñ ÔãîãäÞã¦ã ããè ãã¦ããè Öõý ãä¶ãªñÍãããò ããñ ãã¾ãÃÔãîÞããè ãñ Ôã¼ããè ½ãªãò ¹ãÀ the agenda papers are advised to all Directors
ããä¦ããäÀã¦ã ÔãîÞã¶ãã ¹ãÆã¹¦ã ãÀ¶ãñ ããè ÔãìãäÌã£ãã ¹ãÊãº£ã Öõý ºãöã ãñ well in advance. The Directors have access to
all additional information on the agenda.
ãã¾ãÃ¹ããÊãããò ããñ ¼ããè ãä¶ãªñÍãã ½ãâ¡Êã ããè ºãõããò ½ãò ãã½ãâãä¨ã¦ã ãäã¾ãã Executives of the Bank are also invited to attend
ãã¦ãã Öõ ¦ãããäã Ìãñ ããÌãÍ¾ãã Ô¹ãÓãèãÀ¥ã ¹ãÆªã¶ã ãÀ Ôããòý Ôã½ããèàãã ÌãÓãÃ the Board meetings to provide necessary
ãñ ªãõÀã¶ã ãä¶ãªñÍãã ½ãâ¡Êã ããè ã½ã-Ôãñ-ã½ã ãä¦ã½ããÖãè ½ãò ã ºãõã ãñ clarifications. During the year under review, the
ãäÖÔããºã Ôãñ, ÌãÓãÃ ½ãò ¶¾ãî¦ã½ã : ºããÀ ãã¾ããñãäã¦ã ãäã ãã¶ãñ ããè ¦ãìÊã¶ãã ½ãò, meetings of the Board were held 12 times as
against the requirement of holding meetings at
12 ºãõãò ÖìÃ ý
least once a quarter with a minimum of six times
l ãäÌã§ããè¾ã ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã ãä¶ã½¶ããäÊããäã¦ã ¦ããÀãèããò Ìãâ a year.
Ô©ãã¶ããò ½ãò 12 ºããÀ ½ãâ¡Êã ããè ºãõãò ãã¾ããñãäã¦ã ããè ØãÃâ : l During the financial year 2009-10, the Board
meetings were held 12 times on the following
ã.Ôãâ . ºãõ ã ããè ¦ããÀãè ã Ô©ãã¶ã dates and places :
1 04.05.2009 Þãñ¸ãõ SL NO. DATE OF MEETING PLACE HELD

2 13.06.2009 Þãñ¸ãõ 01 04.05.2009 Chennai
3 05.07.2009 Þãñ¸ãõ 02 13.06.2009 Chennai
4 29.07..2009 ãäªÊÊããè 03 05.07.2009 Chennai
5 18.08.2009 Þãñ¸ãõ 04 29.07.2009 Delhi
6 22.09.2009 Þãñ¸ãõ 05 18.08.2009 Chennai
7 29.10.2009 Þãñ¸ãõ 06 22.09.2009 Chennai
8 29.11.2009 ããñÊããã¦ãã 07 29.10.2009 Chennai
08 29.11.2009 Kolkata
9 04.01.2010 Þãñ¸ãõ
09 04.01.2010 Chennai
10 28.01.2010 Þãñ¸ãõ
10 28.01.2010 Chennai
11 24.02.2010 ãäªÊÊããè
11 24.02.2010 Delhi
12 30.03.2010 ½ãì½ºãÃ 12 30.03.2010 Mumbai
l Ôã¼ããè ºãõãò ãäÞã¦ã ããñÀ½ã ãñ Ôãã©ã Ô©ããäØã¦ã ãäã ãäºã¶ãã ãã¾ããñãäã¦ã · All the meetings were conducted with proper
ããè ØãÄý quorum and without any adjournments.
l ½ãâ¡Êã ããè §ã ºãõããò ããõÀ ãäª¶ããâã 04.07.2009 ããñ ãã¾ããñãäã¦ã · Attendance of the directors at the above
ãä¹ãÊããè ããè½ã ½ãò ãä¶ãªñÍãããò ããè ¹ããäÔ©ããä¦ã ¶ããèÞãñ ªãè Øã¾ããè Öõ : Board meetings and last AGM held on
04.07.2009 are furnished below:
39
ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ¼ããØã Êããè ãä¹ãÊããè ããè½ã ½ãò Sl. Name of Director Number of Attendance in
ØãÃ ºãõããò ¹ããäÔ©ããä¦ã No. Board Meetings the last AGM
ããè Ôãâ¾ãã attended/Held
1 Ñããè Ôã. . ¼ã, ã Ìã ¹ãÆ ãä¶ã 12/12 Öãâù 01 Shri. S A Bhat, CMD 12 / 12 Yes
2 Ñããè ããè. ¶ããÀã¾ã¥ã¶ã 07/07 Öãú 02 Shri G Narayanan 07 / 07 Yes
03 Shri Y L Madan 10 / 12 No
3 Ñããè ÌããÃ. Êã. ½ãªã¶ã 10/12 ¶ãÖãé
04 Smt. Nupur Mitra 04/04 Appointed after
4 Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã 04/04 ããè½ã ããè ¦ããÀãèã ãñ ºããª ãä¶ã¾ãìã¦ã the date of AGM
5 ¡ãù. ãäÌã¶ããè¦ãã ãì½ããÀ 07/12 ¶ãÖãé 05 Dr. Vinita Kumar 07/12 No
6 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 11/12 ¶ãÖãé 06 Smt. Chitra Chandramouliswaran 11/12 No
7 Ñããè ¶ã. Ñããè£ãÀ¶ã 12/12 Öãú 07 Shri N Sridaran 12/12 Yes
08 Shri J D Sharma 07/07 Yes
8 Ñããè ãñ. ¡ãè. Íã½ããÃ 07/07 Öãú 09 Shri.K.Ananda Kumar 01/01 Appointed after
9 Ñããè.ãñ ãã¶ãâª ãì½ããÀ 01/01 ããè½ã ããè ¦ããÀãèã ãñ ºããª ãä¶ã¾ãìã¦ã the date of AGM
10 Ñããè ½ã. ÀÌããé³ ãäÌãã½ã 06/06 Öãú 10 Shri M. Ravindra Vikram 06/06 Yes
11 Ñããè ÔãîÀã ã¨ããè 06/06 ããè½ã ããè ¦ããÀãèã ãñ ºããª ãä¶ã¾ãìã¦ã 11 Shri Sooraj Khatri 06/06 Appointed after
the date of AGM
12 Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã 11/12 Öãú
12 Shri B V Appa Rao 11/12 Yes
13 Ñããè . ãñ. ¼ããØãÃÌã 11/12 Öãú 13 Shri A K Bhargava 11/12 Yes
14 ¡ãù. ãäÞãÀâããèºã Ôãñ¶ã 09/12 ¶ãÖãé 14 Dr. Chiranjib Sen 09/12 No
15 Ñããè . ÌãñÊÊãõ¾ã¶ã 03/12 Öãú 15 Shri A Vellayan 03/12 Yes
Üã. ã¶¾ã ½ã¥¡Êã ¾ãã ½ã¥¡Êã Ôããä½ããä¦ã¾ããò ããè Ôãâ¾ãã ãäã¶ã½ãò d. Number of other Boards or Board
ãä¶ãªñÍãã ã ÔãªÔ¾ã ã£¾ãàã Öö : committees in which the Director is a
member / Chairperson:
ãä¶ãªñÍãã ãã ¶ãã½ã ã¶¾ã ãâ¹ããä¶ã¾ããò ããè Ôãâ¾ãã Ôããä½ããä¦ã¾ããò ããè Ôãâ¾ãã
Name of the Director Number of other companies Number of
(ãä¶ãããè ãâ¹ããä¶ã¾ããò ããñ ãñ¡ãÀ) ãäãÔã½ãò Ìãñ ÔãªÔ¾ã Öö
(excluding private companies) Committees
ãäã¶ã½ãò Ìãñ ÔãªÔ¾ã /ã£¾ãàã Öö (ãã ããñ ºããè ããñ ãñ¡ãÀ) in which he/she (other than IOB)
(ÌãõããäÊ¹ãã / ¶ãããä½ã¦ã is a member/Chairperson in which
ãä¶ãªñÍãã ããñ ãñ¡ãÀ ºããñ¡ of the Board (excluding a member
alternate/ nominee director)
Ñããè ãñ ¼ããØãÃÌã 03 - ÔãªÔ¾ã 01- ã£¾ãàã
02 - ÔãªÔ¾ã Shri A.K. Bhargava 03 Member 01 - Chairman
Ñããè ÌãñÊÊãõ¾ã¶ã 02 - ã£¾ãàã 06 - ÔãªÔ¾ã 02 - Member
Shri A Vellayan 02 - Chairman 06 - Member
01 - ÔãªÔ¾ã 01 - Member
¡ãù.ãäÞãÀâããèºã Ôãñ¶ã 01 - ÔãªÔ¾ã Íãî¶¾ã Dr. Chiranjib Sen 01 - Member Nil
e. Membership in Committees:
¡. Ôããä½ããä¦ã¾ããò ½ãò ÔãªÔ¾ã¦ãã:
None of the directors on the Board is a member in
½ãâ¡Êã ãñ ãä¶ãªñÍãããò ½ãò Ôãñ ããñÃ ¼ããè 10 Ôããä½ããä¦ã¾ããò Ôãñ ããä£ãã ½ãò ÔãªÔ¾ã more than 10 committees or acts as a Chairman of
¶ãÖãé Öõâ ¾ãã Ôã¼ããè ãâ¹ããä¶ã¾ããò ½ãò, ãäãÔã½ãò Ìãñ ãä¶ãªñÍãã Öö ¹ããúÞã Ôããä½ããä¦ã¾ããò Ôãñ more than five committees across all companies in
ããä£ãã ½ãò ã£¾ãàã ãñ Â¹ã ½ãò ¹ãªÔ©ã ¶ãÖãé Öö ý (ÔãîÞããèºã® ãÀãÀ ãñ which he is a director. (For the purpose of reckoning
the limit in terms of clause 49(1)(C) of the listing
ã¥¡ 49(1) (Ôããè ) ããè Íã¦ããô ãñ ã¶ãìÔããÀ Ôããè½ãã ããè Øã¥ã¶ãã ãñ ÿñÍ¾ã
agreement, the chairmanship/membership of the Audit
Ôãñ, Êãñãã-¹ãÀãèàãã ¦ã©ãã Íãñ¾ãÀ £ããÀã ãäÍããã¾ã¦ã Ôããä½ããä¦ã ããè ã£¾ãàã¦ãã/ Committee and the Shareholders Grievance
ÔãªÔ¾ã¦ãã ¹ãÀ Öãè ãäÌãÞããÀ ãäã¾ãã Øã¾ãã Öõ ý Committee alone have been considered).
3. ½ãâ¡Êã ããè Ôããä½ããä¦ã¾ããú: 3. COMMITTEES OF THE BOARD:
ãä¶ã¥ãÃ¾ã ¹ãÆãäã¾ãã ½ãò ÔãìãäÌã£ãã ¦ãñããè Êãã¶ãñ ãñ ãäÊã ½ãâ¡Êã ¶ãñ ãä¶ã½¶ããäÊããäã¦ã In order to facilitate the decision-making process,
Board has constituted the following committees
Ôããä½ããä¦ã¾ããâ Øããä¦ã ããè Öö ããõÀ ¶Öò ãäÌãÍãñÓã ããä£ãããÀ ¼ããè ãäª Öö ý ÖÀ and delegated specific powers to them. The
ºãõã ãñ ãã¾ãÃÌãð§ã Ôããä½ããä¦ã ããè ãØãÊããè ºãõã ãñ Ôã½ãàã ¹ãìãäÓ Öñ¦ãì minutes of each meeting are subsequently placed
¹ãÆÔ¦ãì¦ã ãäã ãã¦ãñ Öö ¦ã©ãã ã¶ãì½ããñª¶ã ãäã Øã¾ãñ ãã¾ãÃÌãð§ã ããñ ãä¶ãªñÍãã before the next meeting of the committee for
½ãâ¡Êã ãñ Ôã½ãàã ÔãîÞã¶ãã©ãÃ ½ãâ¡Êã ºãõã ½ãò ¹ãÆÔ¦ãì¦ã ãäã¾ãã ãã¦ãã Öõ ý confirmation and the minutes thus approved, are
placed before the Board Meeting for their
information.
40
l 3.1 ½ãâ¡Êã ããè ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã (½ã Ôããè ºããè) l 3.1 Management Committee of the Board
(MCB):
½ãâ¡Êã ããè ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã ãã Øã¶ã ÀãÓÈãè¾ããð¦ã ºãöã (¹ãÆºã¶£ã¶ã Ìã
MCB is constituted as per the provisions of the
ãäÌããäÌã£ã ¹ãÆãÌã£ãã¶ã) ¾ããñã¶ãã 1970 ãñ ¹ãºãâ£ããò ãñ ã¶ãìÔããÀ ãäã¾ãã Øã¾ãã Nationalized Banks (Management and
Öõý ½ãÔããèºããè ãñ ãä¶ã½¶ãã¶ãìÔããÀ ãã¾ãÃ Ìãâ ã¦ãÃÌ¾ã Öö : Miscellaneous Provisions) Scheme, 1970. The
functions and duties of the MCB are as under:
ã. £ããÀ ¹ãÆÔ¦ããÌããò ããñ ÔÌããèãð¦ã ãÀ¶ãã (ãä¶ããä£ã ãã£ãããäÀ¦ã ããõÀ ØãõÀ
ãä¶ããä£ã ãã£ãããäÀ¦ã) a. Sanctioning of credit proposals (funded and
non funded)
ã. ¨ãÉ¥ã ããõÀ º¾ããã Ôã½ã¢ããõ¦ãã/ºãáñ ãã¦ãñ ½ãò ¡ãÊã¶ãñ ãñ ¹ãÆÔ¦ããÌã b. Loan and Interest Compromise / Write off
Øã. ¹ãîâããè Ìãâ ÀããÔÌã Ì¾ã¾ã ãñ ã¶ãì½ããñª¶ã ãñ ãäÊã ¹ãÆÔ¦ããÌã proposals
c. Proposals for approval of capital and revenue
Üã. ¹ããäÀÔãÀ ãäãÀã ¹ãÀ Êãñ¶ãñ ããõÀ ããä£ãØãÆÖ¥ã ãñ Ôãâºãâ£ã ½ãò ¹ãÆÔ¦ããÌã, expenditure
¹ããäÀÔãÀ ãñ ãäãÀã¾ãñ ãñ ãäÊã Ìã ããä£ãØãÆÖ¥ã ãñ ãäÊã ½ãã¶ãª¥¡ãò ãñ d. Proposals relating to acquisition and hiring
Ì¾ããä¦ãã½ã ÔããäÖ¦ã of premises, including deviation from norms
for acquisition and hiring of premises.
Þã. Ìããª/ã¹ããèÊã ªã¾ãÀ ãÀ¶ãã, ¶ã¹ãÀ ¹ãÆãä¦ãÌããª ãÀ¶ãã ¦¾ãããäª
e. Filing of suits / appeals, defending them etc.
. ÔãÀããÀãè ããõÀ ã¶¾ã ã¶ãì½ããñãäª¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò, ãâ¹ããä¶ã¾ããò ãñ Íãñ¾ãÀãò f. Investments in Government and other
ããõÀ ãä¡ºãñâÞãÀãò ½ãò Öã½ããèªãÀãè ÔããäÖ¦ã ãä¶ãÌãñÍã ãÀ¶ãã approved securities, shares and debentures
of companies, including underwriting.
ã. ªã¶ã g. Donations
¢ã. ã¶¾ã ããñÃ ãäÌãÓã¾ã ããñ ºããñ¡Ã ´ãÀã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã ããñ Ôããö¹ãã Øã¾ãã h. Any other matter referred to the Management
Öãñ Committee by the Board.
Items (a) to (g) will be in respect of proposals
½ãª (ã) Ôãñ (ã), ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã ãñ ãäÌãÌãñãããä£ãããÀ beyond the discretionary powers of CMD.
ãñ ¹ãÀñ ¹ãÆÔ¦ããÌããò ãñ Ôãâºãâ£ã ½ãò Öõý
The committee met 23 times during the year.
Ôããä½ããä¦ã ÌãÓãÃ ãñ ªãõÀã¶ã 23 ºããÀ ãä½ãÊããèý Ôã¼ããè ºãõãò ãäÞã¦ã ¹ããñÀ½ã ãñ All the meetings were conducted with proper
Ôãã©ã Ô©ããäØã¦ã ãäã ºãØãõÀ ãã¾ããñãäã¦ã ããè ØãÃâý quorum and without any adjournments.
ãäª¶ããâã 01.04.2009 Ôãñ 31.03.2010 ¦ãã ããè ãÌããä£ã ãñ ªãõÀã¶ã The Members who held office during the period
01.04.2009 to 31.03.2010 and the details of
Ôããä½ããä¦ã ããè ºãõããò ãñ º¾ããõÀñ ããõÀ ¹ãÆ¦¾ãñã ÔãªÔ¾ã ´ãÀã Ôããñ ãã¾ãÃããÊã number of meetings attended during their tenure
ãñ ªãõÀã¶ã ºãõããò ½ãò ¹ããäÔ©ããä¦ã ããè Ôãâ¾ãã ãä¶ã½¶ããäÊããäã¦ã Öõ : by each committee member are as under:
ã. Ôãâ. ãä¶ãªñÍãã ãã ¶ãã½ã ¹ãª ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò Sl. Name of Director Position Tenure of membership Number of
No. From To Meetings
Ôãñ ¦ãã ¹ããäÔ©ããä¦ã attended
1 Ñããè Ôã ¼ã ã Ìã ¹ãÆ ãä¶ã ã£¾ãàã 04.06.2007 23/23 1. Shri S.A. Bhat, CMD Chairman 04.06.2007 23/ 23
2 Ñããè ããè ¶ããÀã¾ã¥ã¶ã ÔãªÔ¾ã 07.11.2007 31.10.2009 14/14 2. Shri G. Narayanan Member 07.11.2007 31.10.2009 14/14
3 Ñããè ÌããÃ.Êã.½ãªã¶ã ÔãªÔ¾ã 16.05.2008 21/23 3. Shri Y L Madan Member 16.05.2008 21/23
4 Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã ÔãªÔ¾ã 07.12.2009 06/07 4. Smt. Nupur Mitra Member 07.12.2009 06/07
5 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã ÔãªÔ¾ã 12.07.2007 21/23 5. Smt. Chitra Chandramouliswaran Member 12.07.2007 21/23
6 Ñããè ½ã ÀÌããè¶³ ãäÌãã½ã ÔãªÔ¾ã 11.10.2006 10.10.2009 11/12 6. Shri M. Ravindra Vikram Member 11.10.2006 10.10.2009 11/12
7 Ñããè .ãñ.¼ããØãÃÌã ÔãªÔ¾ã 01.12.2008 31.05.2009 7. Shri A.K. Bhargava Member 01.12.2008 31.05.2009
01.12.2009 31.05.2010 10/11 01.12.2009 31.05.2010 10/11
8 ¡ãù ãäÞãÀâããèºã Ôãñ¶ã ÔãªÔ¾ã 08.12.2008 07.06.2009 7. Dr. Chiranjib Sen Member 08.12.2008 07.06.2009
08.12.2009 07.06.2010 08/11 08.12.2009 07.06.2010 08/11
9 Ñããè ¶ã.Ñããè£ãÀ¶ã ÔãªÔ¾ã 22.03.2009 21.09.2009 10/11 8. Shri N. Sridaran Member 22.03.2009 21.09.2009 10/11
10 Ñããè ºããè.Ìããè.ã¹¹ãã ÀãÌã ÔãªÔ¾ã 01.06.2009 30.11.2009 10/12 9. Shri B.V. Appa Rao Member 01.06.2009 30.11.2009 10/12
11 Ñããè ÌãñÊÊã¾ã¶ã ÔãªÔ¾ã 08.06.2009 07.12.2009 00/12 10. Shri A. Vellayan Member 08.06.2009 07.12.2009 00/12
11. Shri Sooraj Khatri Member 29.10.2009 28.04.2010 09/10
12 Ñããè ÔãîÀã ã¨ããè ÔãªÔ¾ã 29.10.2009 28.04.2010 09/10
41
l 3.2 ½ãâ¡Êã ããè Êãñãã ¹ãÀãèàãã Ôããä½ããä¦ã (Ôããèºããè) l 3.2 Audit Committee of the Board (ACB):
The Audit committee of the Board has been
½ãâ¡Êã ããè Êãñãã ¹ãÀãèàãã Ôããä½ããä¦ã ¼ããÀ¦ããè¾ã ãäÀûüãÌãÃ ºãöã /¼ããÀ¦ã ÔãÀããÀ ãñ constituted by the Board of Directors as per
ã¶ãìªñÍããò ãñ ã¶ãìÔããÀ ãä¶ãªñÍãã ½ãâ¡Êã ¯ãÀã Øããä¦ã ããè Øã¾ããè Öõý Ôããä½ããä¦ã instructions of the Reserve Bank of India/GOI and
½ãò : ÔãªÔ¾ã Öö- ªãñ ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã, ÔãÀããÀãè ãä¶ãªñÍãã, ¼ããÀ¦ããè¾ã consists of six members comprising of two EDs,
ãäÀûãÌãÃ ºãöã ãä¶ãªñÍãã, ªãñ ØãõÀ ÔãÀããÀãè ãä¶ãªñÍãã ãäã¶ã½ãò Ôãñ ã Ôã¶ãªãè Government director, RBI director, two non-official
directors of which one is a Chartered Accountant
ÊãñããããÀ Öõ ããõÀ ¼ããÀ¦ã ÔãÀããÀ ãñ ¹ããäÀ¹ã¨ã, ãäª¶ããâã 18.02.2008 and non-official Chartered Accountant director
ããè Íã¦ããô ãñ ã¶ãìÔããÀ ºãöãããÀãè ãâ¹ã¶ããèû(¹ãã½ããò ãã ããÃ¶ã ããõÀ ãâ¦ãÀ¥ã) nominated under section 9(3)(g) of the Banking
ããä£ããä¶ã¾ã½ã 1970/1980 ããè £ããÀã 9(3) (ããè) ãñ ¦ãÖ¦ã ¶ãããä½ã¦ã ÔãÀããÀãè Companies (Acquisition and Transfer of
àãñ¨ã ãñ ºãöããò ããñ ½ãâ¡Êã ããè Êãñãã ¹ãÀãèàãã Ôããä½ããä¦ã ½ãò ØãõÀ-ÔãÀããÀãè Undertakings) Act, 1970/1980 in terms of GOI
Circular dated 18.02.2008 advising Public Sector
Ôã¶ãªãè ÊãñããããÀ ããñ Íãããä½ãÊã ãÀ¶ãñ Öñ¦ãì ÔãîãäÞã¦ãã¶ãìÔããÀ ã ØãõÀ Banks to include such Director in the Audit
ãããä£ããããäÀã Ôã¶ãªãè ÊãñããããÀ Öõý Committee of the Board.
½ãâ¡Êã Êãñãã ¹ãÀãèàãã Ôããä½ããä¦ã ãñ ãã¾ãÃ Ìã ã§ãÃÌ¾ã ãä¶ã½¶ãã¶ãìÔããÀ Öõâ The delegated functions and duties of the ACB
are as under:
l ºãöã ½ãò Ôã½ãØãÆ Êãñãã ¹ãÀãèàãã ãã¾ãÃ ãñ ¹ããäÀÞããÊã¶ã ããè ªñã-Àñã ⇒ To provide direction as also oversee the
ãÀ¶ãã ããõÀ ½ããØãÃªÍãÃ¶ã ªñ¶ããý Ôã½ãØãÆ Êãñãã ¹ãÀãèàãã ãäã¾ãããÊãã¹ããò ½ãò operation of the total audit
ºãöã ãã ããâ¦ããäÀã ãä¶ãÀãèàã¥ã Ìã Êãñãã ¹ãÀãèàãã ãã ÔãâØã¶ã, Øãì¥ãÌã§ãã function in the Bank. Total audit function will
ãä¶ã¾ãâ¨ã¥ã Ìã ¹ããäÀÞããÊã¶ã ãÀ¶ãã ããõÀ ºãöã ¦ã©ãã ¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã imply the organization, operationalisation and
quality control of the internal audit and
ãñ ãä¶ãÀãèàã¥ã ãñ ÔããâãäÌããä£ãã /ºããÖÀãè Êãñãã¹ãÀãèàãã ãã ã¶ãìÌã¦ãÃ¶ã inspection within the Bank and follow up on
ãÀ¶ãã the statutory / external audit of the Bank
and inspections of RBI.
l ºãöã ½ãò Öãñ¶ãñÌããÊãñ ããâ¦ããäÀã ãä¶ãÀãèàã¥ã/Êãñãã¹ãÀãèàãã ããè Ôã½ããèàãã
⇒ To review the internal inspection / audit
ãÀ¶ãã ã¶ãìÌã¦ãÃ¶ã ãñ Ôãâª¼ãÃ ½ãò ¹ãÆ¥ããÊããè, Ôãããè Øãì¥ãÌã§ãã ¦ã©ãã function in the Bank the system, its quality
¹ãÆ¼ããÌãã¦½ãã¦ãã ããè Ôã½ããèàãã ãÀ¶ãã ããõÀ ãäÌããäÍãÓ ¦ã©ãã ºãÖì¦ã ºã¡ãè and effectiveness in terms of follow-up and
Íããããããò ããõÀ ãÔãâ¦ããñÓãã¶ãã ÀñãåØãÌããÊããè Ôã¼ããè Íããããããò ããè also the inspection reports of specialized and
Ôã½ããèàãã ãÀ¶ãã extra large branches and all branches with
unsatisfactory ratings
l ãã¾ãÃããÀãè àãñ¨ããò ãñ ã¶ãì¹ããÊã¶ã ããä£ããããäÀ¾ããò Ôãñ ã£ãÃ ÌãããäÓãÃã ⇒ To obtain and review half yearly reports
ãäÀ¹ããñô ¹ãÆã¹¦ã ãÀ¶ãã Öõ ããõÀ Ôãããè Ôã½ããèàãã ãÀ¶ãã from the Compliance Officers of the functional
areas
l ÔããâãäÌããä£ãã Êãñãã ¹ãÀãèàãã ããè ãäÀ¹ããñÃ ¦ã©ãã ÊããúØã ¹ãã½ãÃ Êãñãã-¹ãÀãèàãã
⇒ To review and follow up on the report of
ãäÀ¹ããñÃ (Êãû¹ãããÀ) ½ãò ã Øã Ôã¼ããè ½ãªãò ¹ãÀ ã¶ãìÌã¦ãÃ¶ã the statutory audits, and all the issues raised
¦ã©ãã Ôã½ããèàãã ãÀ¶ãã ããõÀ ÌãããäÓãÃã/ãäÌã§ããè¾ã ãäÌãÌãÀ¥ããò ¦ã©ãã ãäÀ¹ããñãô in the Long Form Audit Report (LFAR) and
ããñ ãâãä¦ã½ã Â¹ã ªñ¶ãñ Ôãñ ¹ãÖÊãñ ºããÖÀãè Êãñãã ¹ãÀãèàãããò ãñ Ôãã©ã interact with the external auditors before the
ãäÌãÞããÀ ãäÌã½ãÍãÃ ãÀ¶ãã finalization of the annual / quarterly financial
statements and reports.
l ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ããè ãä¶ãÀãèàã¥ã ãäÀ¹ããñãô ½ãò ã Øã Ôã¼ããè ⇒ To review and follow up all the issues /
½ãã½ãÊããò /ãäÞãâ¦ããã¶ãã ãäÌãÓã¾ããò ããè Ôã½ããèàãã Ìãâ ã¶ãìÌã¦ãÃ¶ã ãÀ¶ãã concerns raised in the Inspection reports of
RBI.
¾ãÖ Ôããä½ããä¦ã ãäÌãÍãñÓããÀ ãä¶ã½¶ããäÊããäã¦ã ºãã¦ããò ¹ãÀ ¼ããè £¾ãã¶ã ªñ¦ããè Öõ
This committee specially focuses on the follow-
⇒ ã¶¦ãÀ - Íãããã Ôã½ãâã¶ã ãã¦ãñ up of:
⇒ Inter Branch Adjustment Accounts
⇒ ã¶¦ãÀ-ºãöã ¦ã©ãã ¶ããñÔÈãñ ãã¦ããò ½ãò Êãâºããè ãÌããä£ã Ôãñ ãÔã½ãâãäã¦ã
Êãâãäºã¦ã ¹ãÆãäÌããäÓ¾ããú ⇒ Unreconciled long outstanding entries in Inter
Bank Accounts and Nostro Accounts
42
⇒ ãäÌããä¼ã¸ã Íããããããò ½ãò ºããäÖ¾ããò ãñ ãä½ãÊãã¶ã ½ãò ºããã¾ãñ ãã Ôã½ãâã¶ã ⇒ Arrears in balancing of books at various
branches
⇒ £ããñãã£ããä¡¾ããò Ìãâ Ì¾ãÌãÔ©ãã Ôãâºãâ£ããè ã¶¾ã Ôã¼ããè ¹ãÆ½ãìã àãñ¨ã ⇒ Frauds and all other major areas of house
keeping,
Ôãùã ãÔãÞãòã ½ãò ÔãîÞããèºã® ¼ããÀ¦ããè¾ã Ìãããä¥ããä¾ãã ºãöããò ããñ ¼ããÀ¦ããè¾ã
ãäÀûãÌãÃ ºãöã ´ãÀã ããÀãè Ôãñºããè Ôããä½ããä¦ã ããè Íã¦ããô ãñ ã¶ãìÔããÀ ãã¹ããóÀñ The following additional role functions/powers have
been entrusted to ACB in terms of SEBI
ØãÌã¶ãôÔã ãääªÍãããä¶ãªóÍããò ¹ãÀ ½ãâ¡Êã ããè Êãñãã-¹ãÀãèàãã Ôããä½ããä¦ã ããñ ãä¶ã½¶ããäÊããäã¦ã
Committee on Corporate Governance guidelines
ããä¦ããäÀ§ã ãã¾ãÃ /Íããäã¦ã¾ããú Ôããö¹ãñ Øã : issued by RBI to Indian Commercial Banks listed
on stock exchanges:
l Ôããä½ããä¦ã ãñ ã£ããè¶ã ãäãÔããè ¼ããè Øããä¦ããäÌããä£ã ããè ããúÞã ¹ãü¡¦ããÊã ãÀ¶ããý
l To investigate any activity within its terms
l ãäãÔããè ¼ããè ã½ãÃÞããÀãè Ôãñ ãã¶ãããÀãè ¹ãÆã¹¦ã ãÀ¶ãã ý of reference.
l ºããÖÀ Ôãñ ãäÌããä£ãã ¾ãã ã¶¾ã Ì¾ããÌãÔãããä¾ãã ÔãÊããÖ ¹ãÆã¹¦ã ãÀ¶ãã ý l To seek information from any employee.
l To obtain outside legal or other professional
l ãÁÀ¦ã ¹ãü¡¶ãñ ¹ãÀ Ôãâºãâãä£ã¦ã ãäÌãÓã¾ã ½ãò ãäÌãÍãñÓãã¦ãã ÌããÊãñ ºããÖÀãè advice.
Ì¾ããäã¦ã¾ããò ããñ ãã½ãâãä¨ã¦ã ãÀ¶ããý l To secure attendance of outsiders with
relevant expertise, if it considers necessary.
Êãñãã-¹ãÀãèàãã Ôããä½ããä¦ã ãñ ãã¾ããñÄ ½ãò ¼ããè ãäÌã²ã½ãã¶ã ãã¾ããô ãñ ããä¦ããäÀ§ã
ãä¶ã½¶ããäÊããäã¦ã ãã¾ãÃ ¼ããè Íãããä½ãÊã Öâõ: The role of the Audit Committee shall also include
the following in addition to the existing role
l ãâ¹ã¶ããè ããè ãäÌã§ããè¾ã ãäÀ¹ããñãäÄØã ¹ãÆ¥ããÊããè ¹ãÀ ÒãäÓ Àã¶ãã ¦ã©ãã Ôãããè function:
ãäÌã§ããè¾ã ãã¶ãããÀãè ãã ¹ãÆããèãÀ¥ã ãÀ¶ãã ¦ãããäã ¾ãÖ Ôãìãä¶ããäÍÞã¦ã l Overseeing of the companys financial
ãäã¾ãã ãã Ôããñ ãäã ãäÌã§ããè¾ã ãäÌãÌãÀ¥ã ÔãÖãè, ¹ãÆ¾ããÃ¹¦ã ¦ã©ãã ãäÌãÍÌãÔã¶ããè¾ã reporting process and the disclosure of its
Öõ ý financial information to ensure that the financial
statements are correct, sufficient and
l ÊãñãããÀ¥ã ¶ããèãä¦ã¾ããò Ìã ããÞãÀ¥ããò ¹ãÀ ããñÀ ªñ¦ãñ Öí, ÊãñãããÀ¥ã credible.
½ãã¶ãããò ãã ã¶ãì¹ããÊã¶ã ããõÀ ã¶¾ã ãã¶ãî¶ããè ãÂÀ¦ããò ããñ ¹ãîÀã l Reviewing with the Management the financial
ãÀ¦ãñ Öí ãäÌã§ããè¾ã ãäÌãÌãÀ¥ããò ãã ¹ãì¶ãÀãèàã¥ã ãÀ¶ãñ ãñ Ôãã©ã ãäÌã¦¦ããè¾ã statements with special emphasis on
accounting policies and practices,
ãäÌãÌãÀ¥ããò ãñ ¹ãÆºãâ£ã¶ã ããè Ôã½ããèàãã ý compliance of accounting standards and
other legal requirements concerning the
l ãã¶¦ããäÀã ãä¶ã¾ãâ¨ã¥ã ¹ãÆ¥ããÊããè ããè ¹ã¾ããÃ¹¦ã¦ãã ããè Ôã½ããèàãã ¹ãÆºãâ£ã¶ã, financial statements.
ºããÖÀãè Ìãâ ããâ¦ããäÀã Êãñãã ¹ãÀãèàãããò ãñ Ôãã©ã ãÀ¶ãã ý
l Reviewing with the Management, external and
l ½ãÖ¦Ìã¹ãî¥ãÃ ÔÌãÂ¹ã ãñ ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ã ¹ãÆ¥ããÊããè ããè ãäÌã¹ãÊã¦ãã internal auditors, the adequacy of internal
¾ãã ããä¶ã¾ããä½ã¦ã¦ãã ¾ãã £ããñãã£ãü¡ãè Ôãâºãâ£ããè ÔãâªñÖã¦½ãã ½ãã½ãÊããò ½ãò control systems.
ããâ¦ããäÀã Êãñãã¹ãÀãèàãããò ´ãÀã ããè ØãÃ ããâ¦ããäÀã ããúÞã ãñ ¹ããäÀ¥ãã½ããò l Reviewing the findings of any internal
ãã ¹ãì¶ãÀãèàã¥ã ãÀ ½ãã½ãÊãñ ããñ ºããñ¡Ã ããñ ãäÀ¹ããñÃ ãÀ¶ããý investigations by the internal auditors into
matters where there is suspected fraud or
l Êãñãã-¹ãÀãèàãã ÍãìÁ Öãñ¶ãñ Ôãñ ¹ãÖÊãñ Êãñãã-¹ãÀãèàãã ãã ÔÌãÂ¹ã ããõÀ irregularity or a failure of internal control
systems of a material nature and reporting
ãäÌãÔ¦ããÀ ãñ ºããÀñ ½ãò ºããÖÀãè Êãñãã ¹ãÀãèàãããò ãñ Ôãã©ã ÞãÞããÃ ãÀ¶ãñ ãñ the matter to the Board.
Ôãã©ã-Ôãã©ã Êãñãã-¹ãÀãèàãã ãñ ºããª ãäãÔããè ãäÞãâ¦ããã¶ãã àãñ¨ã ãã ¹ã¦ãã
l Discussing with external auditors before the
ÊãØãã¶ãñ ãñ ãäÊã ÞãÞããÃ ãÀ¶ãã ý
commencement of audit the nature and scope
of audit as well as having post audit
l ãâ¹ã¶ããè ããè ãäÌã§ããè¾ã ¦ã©ãã ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã¾ããò ããè Ôã½ããèàãã
discussion to ascertain any area of concern.
ãÀ¶ãã ý
l Reviewing the companys Financial and Risk
Management Policies.
43
ÌãÓãÃ ãñ ªãõÀã¶ã Ôããä½ããä¦ã ãäª¶ããâã 06.04.2009, 04.05.2009, The committee met 10 times during the year on
29.07.2009, 26.08.2009, 19.09.2009, 29.10.2009, 06.04.2009, 04.05.2009, 29.07.2009, 26.08.2009,
19.09.2009, 29.10.2009, 05.12.2009, 15.12.2009,
05.12.2009, 15.12.2009, 28.01.2010 Ìãâ 24.02.2010 28.01.2010 and 24.02.2010.
ããñ 10 ºããÀ ãä½ãÊããèý
All the meetings were conducted with proper
Ôã¼ããè ºãõãò ãäÞã¦ã ¹ããñÀ½ã ãñ Ôãã©ã Ô©ããäØã¦ã ãäã ºãØãõÀ ãã¾ããñãäã¦ã ããè quorum and without any adjournments.
ØãÃâý The members who held office during the period
01.04.2009 to 31.03.2010 and the particulars of
ãäª¶ããâã 01.04.2009 Ôãñ 31.03.2010 ¦ãã ããè ãÌããä£ã ãñ ªãõÀã¶ã
the number of meetings attended by them during
Ôããä½ããä¦ã ããè ºãõããò ãñ º¾ããõÀñ ããõÀ ¹ãÆ¦¾ãñã ÔãªÔ¾ã ´ãÀã Ôããñ ãã¾ãÃããÊã the year are as under:
ãñ ªãõÀã¶ã ºãõããò ½ãò ¹ããäÔ©ããä¦ã ããè Ôãâ¾ãã ãä¶ã½¶ããäÊããäã¦ã Öõý
Sl. Name of Director Position Tenure of membership Number of
ã. Ôãâ. ãä¶ãªñÍãã ãã ¶ãã½ã ¹ãª ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò No. From To Meetings
attended
Ôãñ ¦ãã ¹ããäÔ©ããä¦ã
1. Shri M. Ravindra Vikram Chairman 08.12.2007 10.10.2009 04/05
1 Ñããè ½ã.ÀÌããé³ ãäÌãã½ã ã£¾ãàã 08.12.2007 10.10.2009 04/05
2 Shri G. Narayanan Member 07.11.2007 31.10.2009 06/06
2 Ñããè ããè ¶ããÀã¾ã¥ã¶ã ÔãªÔ¾ã 07.11.2007 31.10.2009 06/06
3 Shri Y L Madan Member 16.05.2008 09/10
3 Ñããè ÌããÃ Êã ½ãªã¶ã ÔãªÔ¾ã 16.05.2008 09/10
4 Smt. Nupur Mitra Member 07.12.2009 03/03
4 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã ÔãªÔ¾ã 07.12.2009 03/03
5. Dr. Vinita Kumar Member 10.06.2008 09/10
5 ¡ãù.ãäÌã¶ããè¦ãã ãì½ããÀ ÔãªÔ¾ã 10.06.2008 09/10 6. Smt. Chitra Chandramouliswaran Member 27.02.2007 09/10
6 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã ÔãªÔ¾ã 27.02.2007 09/10 7. Shri A Vellayan Member 09.12.2008 08.12.2010 02/10
7 Ñããè . ÌãñÊÊãõ¾ã¶ã ÔãªÔ¾ã 09.12.2008 08.12.2010 02/10 8. Shri B.V. Appa Rao Member/ 11.10.2009 28.08.2011 05/05
8 Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã Ôããèºããè ããè 11.10.2009 28.08.2011 05/05 Chairman
¹ãÆ¦¾ãñã ºãõã elect at each
½ãò ãä¶ãÌããÃãäÞã¦ã meeting of ACB
ÔãªÔ¾ã/ ã£¾ãàã
l 3.3 Risk Management Committee:
l 3.3 ããñ ã ä ã½ã ¹ãÆ º ãâ £ ã¶ã Ôããä ½ ããä ¦ ã The Chairman of the committee is the CMD of
Ôã Ôããä½ããä¦ã ãñ ã£¾ãàã ºãöã ãñ ã.Ìã.¹ãÆ.ãä¶ã Ööý Ôããä½ããä¦ã 1.4.2009 the Bank. The committee met 6 times during
the period 01.04.2009 to 31.03.2010. Number of
Ôãñ 31.3.2010 ãñ ºããèÞã 6 ºããÀ ãä½ãÊããèý ¹ãÆ¦¾ãñã ÔãªÔ¾ã ´ãÀã ºãõããò ½ãò Meetings attended by each Committee Member
¹ããäÔ©ããä¦ã ãñ º¾ããõÀñ ãä¶ã½¶ãÌã¦ã Öö: during the year:
ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò Sl. Name of Director Tenure of membership Number of
Ôãñ ¦ãã ¹ããäÔ©ããä¦ã No. From To Meetings
attended
1 Ñããè Ôã. . ¼ã 04.06.2007 6/6
1. Shri S. A. Bhat 04.06.2007 6/6
2 Ñããè ããè. ¶ããÀã¾ã¥ã¶ã 01.12.2007 31.10.2009 3/3
2. Shri G. Narayanan 01.12.2007 31.10.2009 3/3
3 Ñããè ÌããÃ.Êã.½ãªã¶ã 16.05.2008 4/6 3. Shri Y L Madan 16.05.2008 4/6
4 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã 07.12.2009 3/3 4. Smt. Nupur Mitra 07.12.2009 3/3
5 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 27.02.2007 6/6 5. Smt. Chitra Chandramouliswaran 27.02.2007 6/6
6 Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã 08.12.2008 6/6 6. Shri B V Appa Rao 08.12.2008 6/6
l 3.4 ºãü ¡ ãè ½ãî Ê ¾ãÌããÊããè £ããñ ãã£ããä ¡ ¾ããò ãñ ãä Ê ã ¹ãÆ º ããñ £ ã¶ã l 3.4 Committee For Monitoring Large Value
Frauds:
Ôãâ º ãâ £ ããè Ôããä ½ ããä ¦ ã
The Chairman of the committee is the CMD of
Ôããä½ããä¦ã ãñ ã£¾ãàã ºãöã ãñ ã.Ìã.¹ãÆ.ãä¶ã. Ööý Ôããä½ããä¦ã 01.04.2009 the Bank. The committee met once during the
Ôãñ 31.03.2010 ããè ãÌããä£ã ãñ ªãõÀã¶ã ã ºããÀ ãä½ãÊããèý ÌãÓãÃ ãñ period 01.04.2009 to 31.03.2010. Number of
ªãõÀã¶ã Ôããä½ããä¦ã ãñ ¹ãÆ¦¾ãñã ÔãªÔ¾ã ´ãÀã ¼ããØã ãäÊã ºãõããò ããè Ôãâ¾ãã ý meetings attended by each member of the
committee during the year:
44
ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò Sl. Name of Director Tenure of membership Number of
Ôãñ ¦ãã ¹ããäÔ©ããä¦ã No. From To Meetings
attended
1 Ñããè Ôã.. ¼ã 04.06.2007 1/1 1. Shri S. A . Bhat 04.06.2007 1 / 1
2 Ñããè ÌããÃ.Êã.½ãªã¶ã 29.11.2008 1/1 2. Shri Y L Madan 29.11.2008 1 / 1
3 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã 07.12.2009 1/1 3. Smt. Nupur Mitra 07.12.2009 1 / 1
4 ¡ãù.ãäÌã¶ããè¦ãã ãì½ããÀ 10.06.2008 1/1 4. Dr. Vinita Kumar 10.06.2008 1 / 1
5 Ñããè. .ãñ. ¼ããØãÃÌã 29.11.2009 1/1 5. Shri A.K. Bhargava 29.11.2009 1 / 1
6 Ñããè . ÌãñÊÊãõ¾ã¶ã 29.11.2009 0/1 6 Shri A Vellayan 29.11.2009 0 / 1
3.5 ØãÆãÖã ÔãñÌãã Ôããä½ããä¦ã l 3.5 Customer Service Committee:

Ôããä½ããä¦ã ãñ ã£¾ãàã ºãöã ãñ ã.Ìã.¹ãÆ.ãä¶ã. Ööý 01.04.2009 Ôãñ the Bank. The committee met 3 times during
31.03.210 ããè ãÌããä£ã ãñ ªãõÀã¶ã Ôããä½ããä¦ã 3 ºããÀ ãä½ãÊããè ý ÌãÓãÃ ãñ the period 01.04.2009 to 31.03.2010. Number of
ªãõÀã¶ã Ôããä½ããä¦ã ãñ ¹ãÆ¦¾ãñã ÔãªÔ¾ã ´ãÀã ¼ããØã ãäÊã ºãõããò ããè Ôãâ¾ãã : meetings attended by each member of the
ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò
Ôãñ ¦ãã ¹ããäÔ©ããä¦ã Sl. Name of Director Tenure of membership Number of
1 Ñããè Ôã. . ¼ã 04.06.2007 3/3 attended
2 Ñããè ããè. ¶ããÀã¾ã¥ã¶ã 02.01.2008 31.10.2009 2/2 1. Shri S. A. Bhat 04.06.2007 3 / 3
3 Ñããè ÌããÃ. Êã. ½ãªã¶ã 16.05.2008 3/3 2. Shri G. Narayanan 02.01.2008 31.10.2009 2 / 2
4 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã 07.12.2009 1/1 3. Shri Y L Madan 16.05.2008 3/ 3

4. Smt. Nupur Mitra 07.12.2009 1 / 1
5 ¡ãù. ãäÌããä¶ã¦ãã ãì½ããÀ 10.06.2008 2/3
5. Dr. Vinita Kumar 10.06.2008 2/ 3
6 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 27.02.2007 3/3
6. Smt. Chitra Chandramouliswaran 27.02.2007 3 / 3
7 Ñããè ¶ã. Ñããè£ãÀ¶ã 20.04.2007 3/3
7. Shri N. Sridaran 20.04.2007 3 / 3
8 Ñããè ãñ. ¡ãè. Íã½ããÃ 09.03.2006 25.09.2009 2/2 8. Shri J.D. Sharma 09.03.2006 25.09.2009 2 / 2
9 Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã 30.01.2009 3/3 9. Shri B V Appa Rao 30.01.2009 3/ 3
l 3.6 ã¶ãìÍããÔããä¶ãã ½ãã½ãÊããò ããè Ôã½ããèàãã Öñ¦ãì l 3.6 Committee For Review Of Disciplinary
Cases:
Ôããä½ããä¦ã
Ôããä ½ ããä ¦ ã ãñ ã£¾ãàã ºãö ã ãñ ã.Ìã.¹ãÆ . ãä ¶ ã. Öö ý 01.04.2009 the Bank. The committee met 4 times during
Ôãñ 31.03.2010 ããè ãÌããä £ ã ãñ ªãõ À ã¶ã Ôããä ½ ããä ¦ ã 4 ºããÀ ãä ½ ãÊããè the period 01.04.2009 to 31.03.2010. Number
ý ÌãÓãÃ ãñ ªãõ À ã¶ã Ôããä ½ ããä ¦ ã ãñ ¹ãÆ ¦ ¾ãñ ã ÔãªÔ¾ã ´ãÀã ¼ããØã ãä Ê ã of meetings attended by each member of the
ºãõ ããò ããè Ôãâ ¾ãã : committee during the year:
Sl. Name of Director Tenure of membership Number of
ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò
attended
1 Ñããè Ôã. . ¼ã 04.06.2007 4/4 1. Shri S. A. Bhat 04.06.2007 4 / 4
2 Ñããè ããè. ¶ããÀã¾ã¥ã¶ã 01.12.2007 31.10.2009 2/2 2. Shri G. Narayanan 01.12.2007 31.10.2009 2 / 2
3 Ñããè ÌããÃ. Êã. ½ãªã¶ã 16.05.2008 4/4 3. Shri Y L Madan 16.05.2008 4 / 4
4 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã 07.12.2009 2/2 4. Smt. Nupur Mitra 07.12.2009 2 / 2
5 ¡ãù. ãäÌããä¶ã¦ãã ãì½ããÀ 10.06.2008 3/4 5. Dr. Vinita Kumar 10.06.2008 3/ 4
6 Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 27.02.2007 4/4 6. Smt. Chitra Chandramouliswaran 27.02.2007 4 / 4
45
l 3.7 Ôãâ¹ããÃã¦ããÃ ãã¦ããò ããè Ô©ãã¹ã¶ãã ãñ ãäÊã l 3.7 Committee For Establishment Of
Ôããä½ããä¦ã Correspondent Accounts:
Ôããä½ããä¦ã ãñ ã£¾ãàã ºãöã ãñ ã.Ìã.¹ãÆ.ãä¶ã. Ööý 01.04.2009 Ôãñ the Bank. The committee met 2 times during
31.03.2010 ããè ãÌããä£ã ãñ ªãõÀã¶ã Ôããä½ããä¦ã 2 ºããÀ ãä½ãÊããè ý ÌãÓãÃ ãñ the period 01.04.2009 to 31.03.2010. Number of
ªãõÀã¶ã Ôããä½ããä¦ã ãñ ¹ãÆ¦¾ãñã ÔãªÔ¾ã ´ãÀã ¼ããØã ãäÊã ºãõããò ããè Ôãâ¾ãã : meetings attended by each member of the
ã.Ôãâ.ãù ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò
Ôãñ ¦ãã ¹ããäÔ©ããä¦ã Sl. Name of Director Tenure of membership Number of
1. Ñããè Ôã. . ¼ã 04.06.2007 2/2 attended
2. Ñããè ããè. ¶ããÀã¾ã¥ã¶ã 01.12.2007 31.10.2009 1/1 1. Shri S. A Bhat 04.06.2007 2 / 2
3. Ñããè ÌããÃ. Êã. ½ãªã¶ã 30.05.2008 2/2 2. Shri G. Narayanan 01.12.2007 31.10.2009 1 /1
4. Ñããè . ãñ. ¼ããØãÃÌã 09.12.2008 2/2 3. Shri Y L Madan 30.05.2008 2 / 2
5. Ñããè ºããè. Ìããè. ã¹¹ãã ÀãÌã 09.12.2008 2/2 4. Shri A.K. Bhargava 09.12.2008 2 / 2
5. Shri B V Appa Rao 09.12.2008 2 / 2
l 3.8 ¹ãããä À Ñããä ½ ãã Ôããä ½ ããä ¦ ã
l 3.8 REMUNERATION COMMITTEE:
ºãöã ãñ ¹ãî¥ãÃãããäÊãã ãä¶ãªñÍãããò ããñ ªñ¾ã ¹ãããäÀÑããä½ãã (ãã¾ãÃ-ãä¶ãÓ¹ããª¶ã Ôãñ Remuneration (excluding performance linked
ãüì¡ñ ¹ãÆãñ¦ÔããÖ¶ã ããñ ãñü¡ãÀ) ãñ ºããÀñ ½ãò ãò³ ÔãÀããÀ ´ãÀã ãä¶ã¥ãÃ¾ã incentive) payable to the whole time directors is
ãäÊã¾ãã ãã¦ãã Öõý ºãöã ãñ ã¶¾ã ãä¶ãªñÍãããò ããñ ãò³ ÔãÀããÀ ãñ ãä¶ãªóÍããò ãñ decided by the Central Government. The Bank
½ãì¦ãããäºãã ºãöã ãñ ÍãìÊã ãñ ãÊããÌãã ºãöã ´ãÀã ããñÃ ã¶¾ã ¹ãããäÀÑããä½ãã does not pay any remuneration to other directors
except sitting fees as per directives of Central
¶ãÖãé ãäª¾ãã ãã¦ãã Öõý Government.
¼ããÀ¦ã ÔãÀããÀ, ãäÌã¦¦ã ½ãâ¨ããÊã¾ã (ºãöãäãâØã ¹ãÆ¼ããØã) ¹ã¨ã ¹ã.Ôãâ.20/01/ A Remuneration Committee, a Sub-Committee of the
2005-ºããèããñ-1, ãäª¶ããâã 09.03.2007 ãñ ã¶ãìÔããÀ ¼ããÀ¦ã ÔãÀããÀ Board of Directors, has been constituted for evaluating
ãñ ãäªÍãã-ãä¶ãªóÍãã¶ãìÔããÀ ºãöã ãñ ¹ãî¥ãÃ ãããäÊãã ãä¶ãªñÍãããñâ ããñ ÔãÀããÀãè the performance in terms of government guidelines
ãäªÍãã-ãä¶ãªóÍããò ãñ ã¶ãìÂ¹ã ãä¶ãÓ¹ããª¶ã ãã ½ãîÊ¾ããâã¶ã Ìãâ ãã¾ãÃ-ãä¶ãÓ¹ããª¶ã and to recommend payment of performance-linked
incentives to the whole time directors of the Bank,
¹ãÆãñ¦ÔããÖ¶ã ãã ¼ãìØã¦ãã¶ã ãÀ¶ãñ ããè ãäÔã¹ãããäÀÍã ãÀ¶ãñ Öñ¦ãì ãä¶ãªñÍãã ½ãâ¡Êã in terms of Government of India, Ministry of Finance
ããè ¹ã Ôããä½ããä¦ã ¹ãããäÀÑããä½ãã Ôããä½ããä¦ã Øããä¦ã ããè ØãÃ Öõý (Banking Division) letter F. No. 20 / 1 / 2005 BO-
I dated 09.03.2007.
Ôããä½ããä¦ã ãñ ÔãªÔ¾ã ãä¶ã½¶ã ¹ãÆããÀ Öö :
The members of the Committee are :-
1. Ñããè ½ã.ÀÌããè¶³ ãäÌãã½ã - ã£¾ãàã
1. Shri M Ravindra Vikram Chairman
2. ¡ãù. ãäÌã¶ããè¦ãã ãì½ããÀ 2. Dr. Vinita Kumar
3. Ñããè½ã¦ããè. ãäÞã¨ãã Þã¶³½ããõÊããèÍÌãÀ¶ã 3. Smt. Chitra Chandramouliswaran
4. Ñããè . ãñ. ¼ããØãÃÌã 4. Shri A.K. Bhargava
Ôããä½ããä¦ã ãäª¶ããâã 04.05.2009 ããñ ã ºããÀ ãä½ãÊããè ããõÀ Ôããä½ããä¦ã ãñ The Committee met once on 04.05.2009 and all
Ôã¼ããè ÔãªÔ¾ããò ¶ãñ ºãõã ½ãò ¼ããØã ãäÊã¾ãã ý members of the Committee have attended the
meeting.
l 3.9 ¶ãã½ããâã¶ã Ôããä½ããä¦ã l 3.9 NOMINATION COMMITTEE :
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ¶ãñ ã¹ã¶ãñ ¹ããäÀ¹ã¨ã Ôãâª¼ãÃ ¡ãèºããèããñ¡ãè Ôãâ. ºããè Ôããè RBI, vide circular ref: DBOD. No. BC. No.47 /
Ôãâ.47 / 29.39.001 / 2007-08 ãäª¶ããâã 01.11.2007 ½ãò ãäª¶ããâã 29.39.001 / 2007-08 dated 01 11 2007, pursuant
16.10.2006 Ôãñ ¹ãÆ¼ããÌããè ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãñ ããä£ãØãÆÖ¥ã to the amendment in The Banking Companies
¦ã©ãã ãâ¦ãÀ¥ã) ããä£ããä¶ã¾ã½ã 1970 ½ãò Öì ÔãâÍããñ£ã¶ã ãñ ã¶ãìÔããÀ ãä¶ãªñÍãããò (Acquisition and Transfer of Undertakings) Act,
1970 effective 16.10.2006, has issued necessary
ããè ãä¶ã¾ãìãäã¦ã ãÀ¦ãñ Ôã½ã¾ã ¾ããñØ¾ã ¦ã©ãã ãäÞã¦ã ÖõãäÔã¾ã¦ã ãããäª ãä¶ã¥ãÃ¾ã guidelines for determining the authority, manner/
Êãñ¶ãñ ãñ ¹ãÆããä£ãããÀ, ¹ã®ãä¦ã / ãã¾ãÃãäÌããä£ã ¦ã©ãã ½ããâ¶ãª¥¡-ãñ ãä¶ã£ããÃÀ¥ã ãñ procedure and criteria for deciding the Fit and
ãäÊã ããÌãÍ¾ãã ãäªÍããä¶ãªóÍã ãäª Ööý Proper status etc., while appointing the Directors.
46
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãõâã ¶ãñ ãºã ãä¶ãªñÍã ãäª¾ãã Öõ ãäã ¾ããñØ¾ã ¦ã©ãã ãäÞã¦ã RBI has directed that the Fit and Proper criteria,
½ãã¶ãª¥¡ ããñ ãºã Ôãñ Þãì¶ãñ Øã ãä¶ãªñÍãããò (Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã) - as of now, be made applicable to the elected
directors (Shareholder directors) both present
ªãñ¶ããò Ìã¦ãÃ½ãã¶ã ¦ã©ãã ¼ããäÌãÓ¾ã ½ãò ¼ããè ÊããØãî ãäã¾ãã ããý and future.
Ôããä½ããä¦ã ãäÞã¦ã Ôã½ã¾ã ¹ãÀ Øããä¦ã ããè ããØããèý The committee would be constituted at an
appropriate time.
4. Íãñ ¾ ãÀ£ããÀããò ããè Ôããä ½ ããä ¦ ã¾ããú
4. SHAREHOLDERS COMMITTEES:
ã. Íãñ ¾ ãÀ£ããÀã ãä Í ããã¾ã¦ã Ôããä ½ ããä ¦ ã
a. Shareholders Grievance Committee:
ãäª¶ããâã 25.11.2008 ããñ ãã¾ããñãäã¦ã ÆÃããè½ã ½ãò Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãããò
The Shareholders Grievance Committee,
ãñ Þãì¶ããÌã ãñ ºããª ã¹ãÆõÊã 2001 ããñ Øããä¦ã Íãñ¾ãÀ£ããÀããò ããè ãäÍããã¾ã¦ã constituted in April 2001, was last reconstituted
Ôããä½ããä¦ã ãã ãâãä¦ã½ã ºããÀ ¹ãì¶ãØãÃ¶ã ãä¶ãªñÍãã ½ãâ¡Êã ¶ãñ Ôã½ããèàãã£ããè¶ã ÌãÓãÃ by the Board on 29.12.2008, consequent to the
ãñ ªãõÀã¶ã ãäª¶ããâã 29.12.2008 ããñ ãäã¾ããý election of Shareholder Directors at the EGM held
on 25.11.2008.
ã¼ããè Ôããä½ããä¦ã ãñ ã£¾ãàã Ñããè .ÌãñÊÊã¾ã¶ã Öö ããõÀ ã¶¾ã ÔãªÔ¾ã ãä¶ãªñÍãã
At present, the Chairman of the Committee is
½ãâ¡Êã ´ãÀã ¶ãããä½ã¦ã ªãñ ãä¶ãªñÍãã Öö ý 01.04.2009 Ôãñ 31.03.2010
Shri A Vellayan and the other members are two
¦ãã ããè ãÌããä£ã ãñ ªãõÀã¶ã Ôããä½ããä¦ã 4 ºããÀ ãä½ãÊããèý Ôã¼ããè ºãõãò ãäÞã¦ã directors nominated by the Board. The committee
ããñÀ½ã ãñ Ôãã©ã Ô©ããäØã¦ã ãäã ºãØãõÀ ãã¾ããñãäã¦ã ããè ØãÄý Ôããä½ããä¦ã ãñ met 4 times during the period 01.04.2009 to
¹ãÆ¦¾ãñã ÔãªÔ¾ã ´ãÀã ºãõããò ½ãò ¹ããäÔ©ããä¦ã ãñ º¾ããõÀñ ãä¶ã½¶ãÌã¦ã Öö- 31.03.2010. All the meetings were conducted with
proper quorum and without any adjournments.
ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ºãõããò ½ãò The number of meetings attended by each
committee member during the year is as follows:
1. Ñããè .ÌãñÊÊã¾ã¶ã 08.12.2008 2/4
2. Ñããè ããè.¶ããÀã¾ã¥ã¶ã 01.04.2008 31.10.2009 2/2 No. From To Meetings
attended
3. Ñããè ÌããÃ.Êã.½ãªã¶ã* 29.05.2008 1/1
1. Shri A.Vellayan 08.12.2008 2/4
4. Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã** 07.12.2009 1/1 2. Shri G Narayanan 01.04.2008 31.10.2009 2/2
5. ¡ãù.ãäÞãÀâããèºã Ôãñ¶ã 08.12.2008 3/4 3. Shri Y L Madan* 29.05.2008 1/1
4. Smt. Nupur Mitra** 07.12.2009 1/1
* Ñããè ããè. ¶ããÀã¾ã¥ã¶ã, ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã ´ãÀã Íãñ¾ãÀ£ããÀããò ããè 5. Dr. Chiranjib Sen 08.12.2008 3/4
ãäÍããã¾ã¦ã Ôããä½ããä¦ã ããè ºãõã ½ãò ã¶ãì¹ããäÔ©ã¦ã ÀÖ¶ãñ ¾ãã ¼ããØã Êãñ¶ãñ ½ãò
* Appointed to attend meetings as a member
ãÔã½ã©ãÃ Öãñ¶ãñ ¹ãÀ Ôããä½ããä¦ã ãñ ÔãªÔ¾ã ãñ Â¹ã ½ãò ¼ããØã Êãñ¶ãñ Öñ¦ãì ãä¶ã¾ãìã¦ã of the Shareholders Grievance Committee In the
ãäã¾ãã Øã¾ããý absence or inability of Shri G Narayanan, ED to
attend meetings.
** Ñããè ÌããÃ.Êã.½ãªã¶ã, ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã ´ãÀã Íãñ¾ãÀ£ããÀããò ããè
ãäÍããã¾ã¦ã Ôããä½ããä¦ã ããè ºãõã ½ãò ã¶ãì¹ããäÔ©ã¦ã ÀÖ¶ãñ ¾ãã ¼ããØã Êãñ¶ãñ ½ãò ** Appointed to attend meetings as a member
ãÔã½ã©ãÃ Öãñ¶ãñ ¹ãÀ Íãñ¾ãÀ£ããÀããò ããè ãäÍããã¾ã¦ã Ôããä½ããä¦ã ãñ ÔãªÔ¾ã ãñ Â¹ã of the Shareholders Grievance Committee in the
absence or inability of Shri Y.L.Madan, ED to
½ãò ¼ããØã Êãñ¶ãñ Öñ¦ãì ãä¶ã¾ãìã¦ã ãäã¾ãã Øã¾ããý attend meetings.
Íãñ¾ãÀ£ããÀã ãäÍããã¾ã¦ã Ìã ¶ããñ ãä¶ãÌããÀ¥ã Ôãâºãâ£ããè ¹ãÆ¥ããÊããè ãããäª ½ãò The Shareholders Grievance Committee
ÀãäãÔÈãÀ ãñ ãã¾ããÃÊã¾ã ½ãò ã¹ã¶ããÃ ãã¶ãñÌããÊããè ¹ã®ãä¦ã ãã ããÌããä£ãã appointed a Practicing Company Secretary, Shri
ãâ¦ãÀãÊããò ½ãò ããúÞã ãÀ¶ãñ ãñ ãäÊã ÔãããäÞããäÌãã Êãñãã ¹ãÀãèàãã ãÀ¶ãñ ãñ V Suresh, to undertake the Secretarial Audit in
the office of the Registrar, at periodical intervals
ãäÊã Íãñ¾ãÀ£ããÀã ãäÍããã¾ã¦ã Ôããä½ããä¦ã ¶ãñ Ñããè Ìããè. ÔãìÀñÍã, ãã¾ãÃÀ¦ã ãâ¹ã¶ããè to verify the methodology followed by them
ÔããäÞãÌã ããè ãä¶ã¾ãìãä§ã ããèý Ôããä½ããä¦ã ããè ¹ãÆ¦¾ãñã ºãõã ½ãò ¶ãããè ãä¦ã½ããÖãè involving Shareholders Grievances & Redressal
ãäÀ¹ããñãô ¹ãÀ ãäÌãÞããÀ ãäã¾ãã Øã¾ãã Öõý system etc. The committee considers his quarterly
reports at every meeting.
ã. Íãñ¾ãÀ ãâ¦ãÀ¥ã Ôããä½ããä¦ã
b. Share Transfer Committee:
Íãñ¾ãÀ ãâ¦ãÀ¥ã Ôããä½ããä¦ã ½ãò ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã ¾ãã ¶ãããè
Share Transfer Committee consists of the Chairman
ã¶ãì¹ããäÔ©ããä¦ã ½ãò ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã, Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã ããõÀ ½ãâ¡Êã and Managing Director or in his absence the
47
´ãÀã ¶ãããä½ã¦ã ã ãä¶ãªñÍãã Ööý Ôããä½ããä¦ã Íãñ¾ãÀ ãâ¦ãÀ¥ã, ÈãâÔããä½ãÍã¶ã, Executive Director, one shareholder Director and
¡îãä¹Êããñ Íãñ¾ãÀ ¹ãÆ½ãã¥ã ¹ã¨ããò ããñ ãä¶ãØãÃ¦ã ãÀ¶ãñ, ÈãâÔã¹ããñãäÔãÍã¶ã, ¡ãè one Director nominated by the Board. The
committee deals with all matters connected with
½ãñ/ Àãè½ãñ ãããäª ããñ Ôãâ¼ããÊã¦ããè Öõý Ôããä½ããä¦ã ÌãÓãÃ ãñ ªãõÀã¶ã 23 ºããÀ share transfers, transmission, issue of duplicate
ãä½ãÊããè ããõÀ ºãõãò ãäÞã¦ã ããñÀ½ã ãñ Ôãã©ã Ô©ããäØã¦ã ãäã ºãØãõÀ ãã¾ããñãäã¦ã share certificates, transposition, demat / remat
ããè ØãÃý etc., The committee met 23 times during the year
and all the meetings were conducted with proper
ÌãÓãÃ ãñ ªãõÀã¶ã Ôããä½ããä¦ã ãñ ¹ãÆ¦¾ãñã ÔãªÔ¾ã ´ãÀã ºãõããò ½ãò ¹ããäÔ©ããä¦ã ãñ quorum and without any adjournments.
º¾ããõÀñ ãä¶ã½¶ãÌã¦ã Öö-
The number of meetings attended by each
ã.Ôãâ. ãä¶ãªñÍãããò ãñ ¶ãã½ã ÔãªÔ¾ã¦ãã ããè ãÌããä£ã ¼ããØã ãäÊã committee member during the year is as under:
Ôãñ ¦ãã ºãõããò ããè Ôãâ.
1. Ñããè ããè.¶ããÀã¾ã¥ã¶ã 01.04.2008 31.10.2009 11/11 No. From To Meetings
attended
2. Ñããè ÌããÃ.Êã.½ãªã¶ã* 29.05.2008 11/11
1 Shri G Narayanan 01.04.2008 31.10.2009 11 / 11
3. Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã** 07.12.2009 01/01
2 Shri Y L Madan * 29.05.2008 11/ 11
4. Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 29.10.2009 29.03.2010 10/10
3 Smt. Nupur Mitra** 07.12.2009 01/ 01
5. Ñããè .ÌãñÊÊã¾ã¶ã 08.12.2008 04.05.2009 02/02
4 Smt Chitra Chandramouliswaran 29.10.2009 29.03.2010 10 / 10
6. Ñããè ãñ.¡ãè.Íã½ããÃ 09.03.2006 25.09.2009 09/10 5 Shri A Vellayan 08.12.2008 04.05.2009 02 / 02
7 ¡ãù.ãäÞãÀâããèºã Ôãñ¶ã 04.05.2009 16/21 6 Shri J. D. Sharma 09.03.2006 25.09.2009 09 / 10
8 Ñããè ãñ. ãã¶ã¶ª ãì½ããÀ 30.03.2010 01/01 7 Dr. Chiranjib Sen 04.05.2009 16 / 21
8 Shri K. Ananda Kumar 30.03.2010 01 / 01
* ã. Ìã. ¹ãÆ. ãä¶ã. ¾ãã Ñããè ããè. ¶ããÀã¾ã¥ã¶ã, ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã
*Appointed to act as Chairman of the Share
´ãÀã ºãõã ½ãò ã¶ãì¹ããäÔ©ã¦ã ÀÖ¶ãñ ¾ãã ¼ããØã Êãñ¶ãñ ½ãò ãÔã½ã©ãÃ Öãñ¶ãñ ¹ãÀ Transfer Committee In the absence or inability
Íãñ¾ãÀ ãâ¦ãÀ¥ã Ôããä½ããä¦ã ããè ã£¾ãàã¦ãã ãÀ¶ãñ Öñ¦ãì ãä¶ã¾ãìã¦ã ãäã¾ãã of CMD or Shri G Narayanan, ED to attend
Øã¾ããý meetings.
**ã. Ìã. ¹ãÆ. ãä¶ã. ¾ãã Ñããè ÌããÃ.Êã.½ãªã¶ã, ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã **Appointed to act as Chairman of the Share
Transfer Committee In the absence or inability
´ãÀã ºãõã ½ãò ã¶ãì¹ããäÔ©ã¦ã ÀÖ¶ãñ ¾ãã ¼ããØã Êãñ¶ãñ ½ãò ãÔã½ã©ãÃ Öãñ¶ãñ ¹ãÀ
of Shri.Y.L.Madan, ED to attend meetings.
Íãñ¾ãÀ ãâ¦ãÀ¥ã Ôããä½ããä¦ã ããè ã£¾ãàã¦ãã ãÀ¶ãñ Öñ¦ãì ãä¶ã¾ãìã¦ã ãäã¾ãã
Øã¾ããý The Share Transfer Committee appointed a
Practicing Company Secretary, Shri V. Suresh,
Íãñ¾ãÀ ãâ¦ãÀ¥ã Ôããä½ããä¦ã ¶ãñ Íãñ¾ãÀ ãâ¦ãÀ¥ã, ÈãâÔããä½ãÍã¶ã, Ôã½ãñã¶ã, to undertake the Secretarial Audit in the office
ãäÔ¹Êã, ¡îãä¹Êããñ ¹ãÆ½ãã¥ã¹ã¨ã ããÀãè ãÀ¶ãã ãããäª ãñ Ôãâºãâ£ã ½ãò of the Registrar, to verify the methodology
followed by them involving share transfer,
ã¹ã¶ããÃ ØãÃ ¹ã®ãä¦ã ããè ããúÞã ãÀ¶ãñ ãñ ãäÊã ÀãäãÔÈãÀ ãñ ãã¾ããÃÊã¾ã transmission, consolidation, split, issue of
½ãò ÔãããäÞããäÌãã Êãñãã¹ãÀãèàãã ãÀ¶ãñ ãñ ãäÊã ãã¾ãÃÀ¦ã ãâ¹ã¶ããè ÔããäÞãÌã duplicate certificates etc., His assignment
Ñããè Ìããè. ÔãìÀñÍã ããñ ãä¶ã¾ãì§ã ãäã¾ããý ¶ããã ãã¾ãÃ 01.01.2005 Ôãñ commenced on 01.01.2005 and his fortnightly
ããÀâ¼ã Öìãã ããõÀ ¶ãããè ¹ãããäàãã ãäÀ¹ããñÃ ¹ãÀ Ôããä½ããä¦ã ããè ÖÀ ºãõã reports are considered at every meeting of the
½ãò ãäÌãÞããÀ ãäã¾ãã Øã¾ãã ý ãâ¦ãÀ¥ã ãã ããñÃ ¼ããè ã¶ãìÀãñ£ã ã ½ããÖ Committee. No request for transfer is pending
for more than one month.
Ôãñ ããä£ãã Êãâãäºã¦ã ¶ãÖãé Öõý
c. Compliance Officer :
Øã. ã¶ãì ¹ ããÊã¶ã ããä £ ãããÀãè :
In terms of clause 47 of the listing agreement,
ÔãîÞããèºã® ã¶ãìºãâ£ã ãñ ã¥¡ 47 ãñ ã¶ãìÔããÀ Ñããè ãñ. Ôãì¶ªÀ Àãã¶ã, ¹ã Shri K Sundar Rajan, Deputy General Manager
½ãÖã ¹ãÆºãâ£ãã ¦ã©ãã ãâ¹ã¶ããè ÔããäÞãÌã, ¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã Ìãâ ãäÌããä¶ã½ã¾ã and Company Secretary is the Compliance Officer
for the purpose of complying with the various
ºããñ¡Ã, Ôãùã ãÔÞãòã ãããäª ãñ ãäÌããä¼ã¸ã ¹ãÆãÌã£ãã¶ããò ãã ¹ããÊã¶ã ãÀ¶ãñ ãñ
provisions of SEBI, Stock Exchanges etc.
ÿñÍ¾ã Ôãñ ã¶ãì¹ããÊã¶ã ããä£ãããÀãè Öö ý
48
Üã. Íãñ ¾ ãÀ£ããÀããò ããè ãä Í ããã¾ã¦ãò d. Shareholders Complaints :
ÌãÓãÃ ãñ ªãõÀã¶ã ¹ãÆã¹¦ã Ìã ªîÀ ããè ØãÃ ¦ã©ãã ãäÌãÞããÀã£ããè¶ã ãäÍããã¾ã¦ããò ããè Number of complaints received, resolved and
pending during the year:
Ôãâ¾ãã
SL NATURE OF COMPLAINT PENDING RECEIVED REDRESSED PENDING
ã.Ôãâ. ãäÍããã¾ã¦ã ããè ¹ãÆãðãä¦ã 01.04.2009 ¹ãÆã¹¦ã ãä¶ã¹ããÃ Øã¾ããè ãäª¶ããâã No. AS ON AS ON
¦ãã Êãâãäºã¦ã ãäÍããã¾ã¦ããò ãäÍããã¾ã¦ããò 31.03.2010 01.04.2009 31.03.2010
ããè Ôãâ¾ãã ããè Ôãâ¾ãã ¦ãã Êãâãäºã¦ã
ãäÍããã¾ã¦ããò 01 Non receipt of refund
ããè Ôãâ¾ãã order and Share certificates Nil 25 25 Nil
1. Ìãã¹ãÔããè ããªñÍã ããõÀ Íãñ¾ãÀ 02 Non receipt of Dividend Nil 1104 1104 Nil
¹ãÆ½ãã¥ã ¹ã¨ã ¹ãÆã¹¦ã ¶ã Öãñ¶ãã Íãî¶¾ã 25 25 Íãî¶¾ã 03 Complaints to SEBI /
Stock Exchanges and
2. Êãã¼ããâÍã ¹ãÆã¹¦ã ¶ã Öãñ¶ãã Íãî¶¾ã 1104 1104 Íãî¶¾ã Consumer Redressal Forum 01 30 31 Nil
3. Ôãñºããè / Ôãùã ãÔãÞãòããò ããõÀ 04 Miscellaneous (complaints
ØãÆãÖã ãäÍããã¾ã¦ã ãä¶ãÌããÀ¥ã ¹ããñÀ½ã reg. change of address,
ããè ãäÍããã¾ã¦ãò 01 30 31 Íãî¶¾ã bank mandate,
demat requests etc.) Nil 57 57 Nil
4. ãäÌããäÌã£ã (¹ã¦ãñ ½ãò ¹ããäÀÌã¦ãÃ¶ã ,
Total 01 1216 1217 Nil
ºãöã ããä£ãªñÍã , ¡ãè½ãõ ã¶ãìÀãñ£ã
ãããäª Ôãñ Ôãâºãâãä£ã¦ã ãäÍããã¾ã¦ãò ) Íãî¶¾ã 57 57 Íãî¶¾ã e. In terms of clause 47(f) of the listing agreement
ãìÊã 01 1216 1217 Íãî¶¾ã we have advised the shareholders that an exclusive
e-mail ID - [email protected] has been
ü¡ ÔãîÞããèºã® ãÀãÀ ãñ ã¥¡ 47( ¹ã ) ãñ ã¶ãìÔããÀ Ö½ã¶ãñ Íãñ¾ãÀ£ããÀããñò allotted and our Deputy General Manager and
Company Secretary Shri K Sundar Rajan, is also the
ããñ Ôãî ã ä Þ ã¦ã ãä ã¾ãã Öõ ãä ã ã¶¾ã Ã ½ãñ Ê ã ãã ¡ãè
Compliance Officer for the purpose of registering and
[email protected] ªãè ØãÃ Öõ ããõÀ Ö½ããÀñ ¹ã redressal of complaints by investors. We have
½ãÖã¹ãÆºãâ£ãã ããõÀ ãâ¹ã¶ããè ÔããäÞãÌã Ñããè ãñ Ôãì¶ªÀ Àãã¶ã ããñ ãä¶ãÌãñÍãããò ´ãÀã displayed this email ID and other relevant details
ãäÍããã¾ã¦ããò ããñ ªãÃ ãÀ¶ãñ ããõÀ ãä¶ãÌããÀ¥ã ãÀ¶ãñ ãñ ãäÊã ãäÌãÍãñÓã Â¹ã Ôãñ prominently on our website. The Investor Relations
ã¶ãì¹ããÊã¶ã ããä£ãããÀãè ãñ Â¹ã ½ãñ ¼ããè ¶ãããä½ã¦ã ãäã¾ãã Øã¾ãã Öõ ý Ö½ã¶ãñ ¾ãÖ Cell headed by an Assistant General Manager handles
the redressal of investor complaints.
Ã ½ãñÊã ããÃ ¡ãè ããõÀ ã¶¾ã Ôãâºãâãä£ã¦ã º¾ããõÀñ ¹ãÆ½ãìã¦ãã Ôãñ ã¹ã¶ããè ÌãñºãÔãã
¹ãÀ ¹ãÆªãäÍãÃ¦ã ãäã Öõâý ÔãÖã¾ãã ½ãÖã ¹ãÆºãâ£ãã ããñ ãä¶ãÌãñÍãã Ôãâ¹ããÃ ãàã 5. Other Committees:
ãñ ¹ãÆ½ãìã Öö ãä¶ãÌãñÍãã Ôãâºãâ£ããè ãäÍããã¾ã¦ããò ãã ãä¶ãÌããÀ¥ã ãÀ¦ãñ Ööý There are various other committees such as Asset
Liability Management Committee, Investment
5. ã¶¾ã Ôããä ½ ããä ¦ ã¾ããâ Review Committee, Top Management Committee
comprising CMD, ED and GMs along with
ãäÌããä¼ã¸ã ã¶¾ã Ôããä½ããä¦ã¾ããâ ãõÔãñ ãããäÔ¦ã ªñ¾ã¦ãã ¹ãÆâºãâ£ã¶ã Ôããä½ããä¦ã , ãä¶ãÌãñÍã Department executives, which have been
¹ãì¶ãÀãèàã¥ã Ôããä½ããä¦ã , ÞÞã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã ½ãò ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã constituted for the day to day functioning, review
ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã ½ãÖã¹ãÆºãâ£ãããò ãñ Ôãã©ã ãäÌã¼ããØã ãã¾ãÃ¹ããÊãã Íãããä½ãÊã and monitoring of various aspects of business.
Öö , ãäãÔãñ ªõãä¶ãã ãã¾ããô ¦ã©ãã ããÀãñºããÀ ãñ ãäÌããä¼ã¸ã ¹ãÖÊãìããò ããè Ôã½ããèàãã 6. GENERAL BODY MEETING:
ãä¶ãØãÀã¶ããè ¦ã©ãã ¹ãÆºããñ£ã¶ã ãÀ¶ãñ ãñ ãäÊã Øããä¦ã ãäã¾ãã Øã¾ãã Öõâý
a. Location and time where last three General
6. Ôãã½ãã¶¾ã Ôã¼ãã ããè ºãõãò Body Meetings were held:
Sl. Nature of Date, Day and Venue
ã. Ô©ãã¶ã Ìã Ôã½ã¾ã ãÖãùâ ãä¹ãÊããè ¦ããè¶ã ºãõãñâ ãã¾ããñãäã¦ã ããè ØãÃ : No. Meeting time of Meeting
ã.Ôãâ. ºãõã ãã ºãõã ããè ¦ããÀãèã, Ô©ãã¶ã 1 7th AGM 12 06 2007 Tuesday Narada Gana Sabha
¹ãÆããÀ ãäª¶ã Ìã Ôã½ã¾ã 10.00 A.M. 314 TTK Road,
1 7 Ìããé ããè ½ã 12.06.2007, ½ãâØãÊãÌããÀ, ¶ããÀª Øãã¶ã Ôã¼ãã Chennai 600 018
10.00 ºããñ 314 ãè ãè ãñ Àãñ¡ , Þãñ¸ãõ 600018 2 8th AGM 14 06 2008 Saturday Narada Gana Sabha
2 8 Ìããèñ ããè ½ã 14.06.2008, Íããä¶ãÌããÀ, ¶ããÀª Øãã¶ã Ôã¼ãã 11.00 A.M. 314 TTK Road,
11.00 ºããñ 314 ãè ãè ãñ Àãñ¡ , Þãñ¸ãõ 600018 Chennai 600 018
3 9 Ìããé ããè ½ã 04.07.2009 Íããä¶ãÌããÀ , ¶ããÀª Øãã¶ã Ôã¼ãã 3 9th AGM 04 07 2009 Saturday Narada Gana Sabha
11.00 ºããñ 314 ãè ãè ãñ Àãñ¡ , Þãñ¸ãõ 600018 11.00 A.M. 314 TTK Road,
Chennai 600 018
49
ã. ãä¹ãÊãñ ¦ããè¶ã ããè ½ã ½ãñ ããñÃ ãäÌãÍãñÓã ÔãâãÊ¹ã ¹ãããäÀ¦ã ¶ãÖãé ãäã b. No special resolutions were put through in
Øã ý the last three AGMs
c. There was no postal ballot exercise.
Øã. ããñÃ ¡ãã ½ã¦ãªã¶ã ¶ãÖãé ©ãã ý
d. Location and time where Extra Ordinary
Üã. Ô©ãã¶ã Ìã Ôã½ã¾ã ãÖãú ãÔãã£ããÀ¥ã Ôãã½ãã¶¾ã ºãõãò ãã¾ããñãäã¦ã ÖìÄ : General Body Meetings were held:
ã.Ôãâ. ºãõã ãã ºãõã ããè ¦ããÀãèã, Ô©ãã¶ã Sl. Nature of Date, Day and Venue
¹ãÆããÀ ãäª¶ã Ìã Ôã½ã¾ã No. Meeting time of Meeting
1 ¹ãÖÊããè Ã ããè ½ã 07.12.2002Íããä¶ãÌããÀ , Àã¶ããè Ôããè¦ãõ ÖãÊã 1 1st EGM 07.12.2002 Saturday Rani Seethai Hall
11.00 A.M. 603, Anna Salai,
ÔãìºãÖ 11.00 ºããñ 603 ã¥¥ãã ÔããÊãõ , Þãñ¸ãõ 600 006
Chennai 600 006
2 ªîÔãÀãè Ã ããè ½ã 30.11.2005, ºãì£ãÌããÀ , Àã¶ããè Ôããè¦ãõ ÖãÊã 2 2nd EGM 30.11.2005 Wednesday Rani Seethai Hall
ÔãìºãÖ 11.00 ºããñ 603 ã¥¥ãã ÔããÊãõ , Þãñ¸ãõ 600 006 11.00 A.M. 603, Anna Salai,
Chennai 600 006
3 ¦ããèÔãÀãè Ã ããè ½ã 25.11.2008 ½ãâØãÊãÌããÀ, ¶ããÀª Øãã¶ã Ôã¼ãã
3 3rd EGM 25.11.2008 Tuesday Narada Gana Sabha
ÔãìºãÖ 11.00 ºããñ 314 ãè ãè ãñ Àãñ¡ , Þãñ¸ãõ 600 018 11.00 A.M. 314 TTK Road,
Chennai 600 018
7. ¹ãÆ ããè ãÀ¥ã 7. DISCLOSURES:
ã. ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã Ìã ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãããò ãã ¹ãããäÀÑããä½ãã a. The remuneration of the Chairman &
ãñ¶³ ÔãÀããÀ ´ãÀã ãä¶ã¾ã¦ã ãäã¾ãã ãã¦ãã Öõý ÌãÓãÃ 2009-10 ãñ Managing Director and the Executive
ãäÊã ¹ãî¥ãÃãããäÊãã ãä¶ãªñÍãããò ããñ ¹ãÆª¦¦ã ¹ãããäÀÑããä½ãã ãñ ãäÌãÌãÀ¥ã Directors is fixed by the Central Government.
Details of remuneration paid to Whole Time
ãä¶ã½¶ãÌã¦ã Öö : Directors during the year 2009-10 are as
follows :
ã. Ôãâ . ¶ãã½ã ¹ãª¶ãã½ã ¹ãããäÀÑããä½ãã ãã Àã½ã
ãäÌãÌãÀ¥ã (Á.) Sl. Name Designation Details of Amount
No. Remuneration (Rs.)
1 Ñããè Ôã. . ¼ã ã Ìã ¹ãÆ ãä¶ã Ìãñ¦ã¶ã Ìã ¼ã¦¦ãñ , 16,41,058.00
1. Shri S A Bhat CMD Salary & 16,41,058.00
ºããã¾ãñ ÔããäÖ¦ã
Allowances
ãä¶ãÓ¹ããª¶ã ¹ãÆãñ¦ÔããÖ¶ã 7,00,000.00
including arrears
2 Ñããè ÌããÃ. Êã .½ãªã¶ã ãã¾ãÃ¹ããÊãã Ìãñ¦ã¶ã Ìã ¼ã¦¦ãñ, 12,00,254.09 Performance
ãä¶ãªñÍãã ºããã¾ãñ ÔããäÖ¦ã Incentive 7,00,000.00
ãä¶ãÓ¹ããª¶ã ¹ãÆãñ¦ÔããÖ¶ã 4,82,192.00 2. Shri Y L Madan ED Salary & 12,00,254.09
Allowances
Including Arrears
3 Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã ãã¾ãÃ¹ããÊãã Ìãñ¦ã¶ã Ìã ¼ã¦¦ãñ, 3,14,222.57
ãä¶ãªñÍãã Performance
Incentive 4,82,192.00
4 Ñããè ããè. ¶ããÀã¾ã¥ã ãã¾ãÃ¹ããÊãã Ìãñ¦ã¶ã Ìã ¼ã¦¦ãñ, 8,54,028.00
3. Smt. Nupur Mitra ED Salary &
ãä¶ãªñÍãã ºããã¾ãñ ÔããäÖ¦ã Allowances 3,14,222.57
(ÔãñÌãã ãä¶ãÌãð¦¦ã) ãä¶ãÓ¹ããª¶ã ¹ãÆãñ¦ÔããÖ¶ã 5,50,000.00
4. Shri G Narayanan ED (Retired) Salary & 8,54,028.00
5 Ñããè . Ìããè . ªìØããü¡ñ ãã¾ãÃ¹ããÊãã Ìãñ¦ã¶ã ºããã¾ãã 8,00,720.99 Allowances
ãä¶ãªñÍãã including arrears
(ÔãñÌãã ãä¶ãÌãð¦¦ã) Performance

Incentive 5,50,000.00
6 Ñããè ããÀ ¶ããØã¹¹ã¶ã ãã¾ãÃ¹ããÊãã Ìãñ¦ã¶ã ºããã¾ãã 72,302.63
ãä¶ãªñÍãã 5. Shri A V Dugade ED (Retired) Salary Arrears 8,00,720.99
(ÔãñÌãã ãä¶ãÌãð¦¦ã ) 6. Shri A R Nagappan ED (Retired) Salary Arrears 72,302.63
50
ºãöã ÔÌã¦ãâ¨ã ãä¶ãªñÍãããò ããñ ããñÃ ¹ãããäÀÑããä½ãã ¶ãÖãé ªñ¦ãã , ¼ããÀ¦ã ÔãÀããÀ The Bank does not pay any remuneration to the
Independent Directors excepting sitting fees as
ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ãñÌãÊã ¹ãÆãä¦ã¼ãããäØã¦ãã ÍãìÊã ãäª¾ãã ãã¦ãã Öõ per the Govt. of India guidelines, for Board
¾ã©ãã ºããñ¡Ã ããè ºãöããò ãñ ãäÊã ¹ãÆãä¦ã ºãõã Á. 5000/- ããõÀ Ôããä½ããä¦ã Meetings Rs. 5000/- per meeting and for
ããè ºãõããò ãñ ãäÊã ¹ãÆãä¦ã ºãõã Á. 2500/- ãäª¾ãã ãã¦ãã Öõ ý Committee meetings Rs. 2500/- per meeting.
b. Disclosures as to Related Party Transactions
ã. ¹ãÆºãâ£ã¶ã ãñ ¹ãÆ½ãìã Ì¾ããäã¦ã¾ããò ¾ãã¶ããè ¹ãî¥ãÃãããäÊãã ãä¶ãªñÍãã Ôãñ of Key Managerial Personnel ie. Whole Time
Ôãâºãâãä£ã¦ã ¹ãããê Êãñ¶ãªñ¶ã ãñ ¹ãÆã¶ã ããè ã®ÃÌãããäÓãÃã ãã£ããÀ ¹ãÀ Directors are being reviewed on a half yearly
Ôã½ããèàãã ½ãââ¡Êã ããè Êãñãã ¹ãÀãèàãã Ôããä½ããä¦ã ´ãÀã ããè ãã¦ããè Öõ ý basis by the Audit Committee of the Board.
c. There are no significant related party
Øã. ºãöã ãñ ãä¶ãªñÍãããò , ¹ãÆºãâ£ã¶ã ¶ãããè ã¶ãìÓãâØããè ãã¾ããò ¾ãã Ôãâºãâãä£ã¾ããò transactions of the Bank with its subsidiaries,
ãããäª ãñ Ôãã©ã ºãöã ãñ ñÔãñ ããñÃ ½ãÖ¦Ìã¹ãî¥ãÃ ¹ãããê Êãñ¶ãªñ¶ã ¶ãÖãé directors, management or their relatives etc
Öõâ ãäã¶ãÔãñ ºãöã ãñ ãäÖ¦ããò ¹ãÀ ¹ãÆãä¦ããîÊã ¹ãÆ¼ããÌã ¹ãü¡¦ãã Öãñ ý that would have potential conflict with the
interests of the Bank at large.
Üã. Ôãã ãÔãÞãòããò /Ôãñºããè / ãäãÔããè ã¶¾ã ÔããâãäÌããä£ãã ¹ãÆããä£ãããÀãè d. No penalties were imposed or strictures
´ãÀã 31.03.2010 ããñ Ôã½ãã¹¦ã ãä¹ãÊãñ ¦ããè¶ã ÌãÓããó ãñ ªãõÀã¶ã passed on us by Stock Exchanges/SEBI
/any statutory authority on any matter related
¹ãîâããè ºããããÀ Ôãâºãâ£ããè ãäãÔããè ¼ããè ãäÌãÓã¾ã ¹ãÀ ºãöã ¹ãÀ ¶ã ¦ããñ ª¥¡ to capital markets during the last three years
ÊãØãã¾ãã Øã¾ãã ããõÀ ¶ã Öãè ããÊãñãÞã¶ãã ããè ØãÃ Öõ ý ended 31 03 2010.
e. Presently the Bank does not have a Whistle
Þã. ãä¹ãÊãÖãÊã ºãöã ããè Þãñ¦ããÌã¶ããè ¶ããèãä¦ã ¶ãÖãé Öõ ý ãä¹ãÀ ¼ããè Êãñãã
Blower policy. However no persons have been
¹ãÀãèàãã Ôããä½ããä¦ã Ôãñ ãä½ãÊã¶ãñ Ôãñ ãäãÔããè ããñ ½ã¶ãã ¶ãÖãé ãäã¾ãã Øã¾ããý denied access to the Audit Committee.
. ºãöã ¶ãñ ÀãÓÈãè¾ããð¦ã ºãöããò ãñ ãäÊã ¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã/ ¼ããÀ¦ã f. The Bank has complied with all the
mandatory requirements to the extent
ÔãÀããÀ ´ãÀã Ôã½ã¾ã Ôã½ã¾ã ¹ãÀ ããÀãè ÔããâãäÌããä£ãã / ãäªÍãããä¶ãªóÍããò / provided for in the statutes/guidelines/
ãä¶ãªñÍããò ½ãò ªãè ØãÃ Ôã¼ããè ããä£ãªñÍãã¦½ãã ã¹ãñàããããò ãã ¹ããÊã¶ã directives issued from time to time by the
ãäã¾ãã Öõ ý RBI/Government of India to the nationalized
banks.
ã. ØãõÀ-ããä£ãªñÍãã¦½ãã ã¹ãñàããããò ããñ Ôãâºãâãä£ã¦ã ½ãªãò ãñ Ôãã½ã¶ãñ ãäÀ¹ããñÃ g The Non Mandatory requirements have
½ãò ãäª ã¶ãìÔããÀ ã¹ã¶ãã¾ãã Øã¾ãã Öõý been adopted as stated in this report
against the relevant items.
¢ã. ºãöã ãñ ãä¶ãªñÍãã ½ãâ¡Êã ããñ ÔãîÞããèºã® ãÀãÀ ãñ ã¥¡ 49 ãñ h. The Certificate of CEO and CFO under clause
¦ãÖ¦ã Ôããèããñ ¦ã©ãã Ôããè¹ãããñ ãã ¹ãÆ½ãã¥ã-¹ã¨ã ¹ãÆÔ¦ãì¦ã ãÀ ãäª¾ãã 49 of the listing agreement has been
Øã¾ãã Öõ ããõÀ Ôã ãäÀ¹ããñÃ ½ãò ã ¹ãÆãä¦ã ÔãâÊãØ¶ã Öõý submitted to the Board of Directors of the
Bank and a copy is attached to this report.
. ÔãîÞããèºã® ãÀãÀ ãñ ã¥¡ 49 ãñ ã¶ãìÔããÀ ÌãÓãÃ 2009-10 ãñ i. In terms of clause 49 of the listing
ãäÊã ºãöã ½ãò ããÀ¹ããñÀñ ØãÌã¶ãôÔã ¹ãÀ ÔããâãäÌããä£ãã ãò³ãè¾ã Êãñãã¹ãÀãèàãããò agreement, a certificate has been obtained
Ôãñ ¹ãÆ½ãã¥ã-¹ã¨ã ¹ãÆã¹¦ã ãäã¾ãã Øã¾ãã Öõ ããõÀ Ôã ãäÀ¹ããñÃ ãñ Ôãã©ã from the statutory central auditors on
corporate governance in the Bank for the
ÔãâÊãØ¶ã ãäã¾ãã Øã¾ãã Öõý year 2009-10 and the same is annexed to
this report.
8. Ôãâ¹ãñÆÓã¥ã ãñ ½ãã£¾ã½ã
8. MEANS OF COMMUNICATION:
ã. ºãöã ãñ ãä¦ã½ããÖãè ãÊãñãã ãäÌã§ããè¾ã ¹ããäÀ¥ãã½ã ãä¶ãªñÍãã ½ãâ¡Êã ´ãÀã a. The quarterly un-audited financial results of
ã¶ãì½ããñãäª¦ã ãäã ãã¦ãñ Öö ããõÀ Ôãñ ãä¶ã¾ã¦ã Ôã½ã¾ã ãñ ã¶ªÀ ¶ã the Bank are approved by the Board of
Ôã¼ããè Ôãùã ãÔãÞãòããò ããñ ¹ãÆÔ¦ãì¦ã ãÀ ãäª¾ãã ãã¦ãã Öõ ãÖãâ ºãöã Directors and the same are submitted within
the stipulated period to all the stock
ãñ Íãñ¾ãÀ ÔãîÞããèºã® Öö ý ºãöã Ôã¼ããè Íãñ¾ãÀ £ããÀããò ããñ ½ããÖãè exchanges where the Banks shares are listed.
¹ããäÀ¥ãã½ã ¼ãñã¦ãã ÀÖã Öõ ý The Bank has been sending half yearly results
to all the shareholders.
51
ã. ÔãîãäÞãºã® ãÀãÀ ãñ ã¥¡ 41 ãñ ½ãì¦ãããäºãã ãä¦ã½ããÖãè ãäÌã§ããè¾ã ¹ããäÀ¥ãã½ã b. The quarterly financial results are published
in a national daily and a regional vernacular
ÀãÓÈãè¾ã ªõãä¶ãã Ôã½ããÞããÀ ¹ã¨ã ããõÀ àãñ¨ããè¾ã Ô©ãã¶ããè¾ã ªõãä¶ãã Ôã½ããÞããÀ daily in terms of Clause 41 of the listing
¹ã¨ã ½ãò ¹ãÆãããäÍã¦ã ãäã Øã¾ãñ Öö ¦ã©ãã ¹ãÆããÍã¶ã ãÀ¶ãñ ããè ¦ããÀãèã Ìã agreement. The details and dates of
ãäÌãÌãÀ¥ã ãä¶ã½¶ãã¶ãìÔããÀ Öö : publication are as under:
Ôã½ãã¹¦ã ãâ Ø ãÆ ñ ããè àãñ ¨ ããè ¾ ã ¹ãÆããÍã¶ã Quarter English Regional Date of
ãä ¦ ã½ããÖãè ªõãä¶ãã ªõãä¶ãã ããè ãä¦ããä©ã ended Daily Daily publication
31.03.2009 ª ãåÖªì - ãäª¶ããÀ¶ã 05.05.2009 31.03.2009 The Hindu - Dinakaran (Tamil) 05 05 2009
ãäºãûã¶ãñÔã Êãã¶ã (¦ããä½ãÊã) Business Line
30.06.2009 ª ¹ã¶ãã¶ããäÍã¾ãÊã ãäª¶ã½ãÊãÀ 30.07.2009 30.06.2009 The Financial Dinamalar (Tamil) 30 07 2009
ãÔ¹ãÆñÔã (¦ããä ½ ãÊã) Express
30.09.2009 ª ãåÖªì - ãäª¶ã ¦ãâªãè 30.10.2009 30.09.2009 The Hindu - Dinathanthi (Tamil) 30 10 2009
ãä º ãû ã¶ãñ Ô ã Êãã¶ã (¦ããä ½ ãÊã) Business Line
31.12.2009 ª ãåÖªì - ãäª¶ããÀ¶ã 29.01.2010 31.12. 2009 The Hindu - Dinakaran (Tamil) 29 01 2010
ãäºãûã¶ãñÔã Êãã¶ã (¦ããä½ãÊã) Business Line
c. The quarterly results are also being displayed

Øã. ãä¦ã½ããÖãè ¹ããäÀ¥ãã½ã ºãöã ãñ ÌãñºãÔãã www.iob.com ½ãò ¼ããè on the Banks web-site www.iob.com.
¹ãÆªãäÍãÃ¦ã ãäã ãã ÀÖñ Ööý
9. GENERAL SHAREHOLDER INFORMATION:
9. Ôãã½ãã¶¾ã Íãñ ¾ ãÀ£ããÀã Ôãî Þ ã¶ãã a. AGM: Date, Time and Venue:
ã. ããè½ã: ¦ããÀãèã, Ôã½ã¾ã ããõÀ Ô©ãã¶ã: Date 20.07.2010
ãäª¶ããâã 20.07.2010 Time 10.00 A.M.
Ôã½ã¾ã ÔãìºãÖ 10.00 ºããñ Venue Narada Gana Sabha
Ô©ãã¶ã ¶ããÀª Øãã¶ã Ôã¼ãã (Sathguru Gnanananda Hall)
314 TTK Road,Chennai 600 018
(ÔãªáØãìÁ ãã¶ãã¶ãâª ÖãùÊã)
314 ãèãèãñ Àãñ¡, Þãñ¸ãõ 600 018 b. Financial Year:
ã. ãä Ì ã¦¦ããè ¾ ã ÌãÓãÃ : 01st April 2009 to 31st March 2010

1 ã¹ãÆõÊã 2009 Ôãñ 31 ½ããÞãÃ 2010 c. Date of Book Closure:
Øã. ºãÖãè ºãâª ãÀ¶ãñ ããè ¦ããÀãèã: 29.05.2010 to 04.06.2010 (Both days
inclusive) for determining eligibility for the
Êãã¼ããâÍã ãñ ¹ãÆ¾ããñã¶ã Öñ¦ãì ¹ãã¨ã¦ãã ãä¶ã£ããÃãäÀ¦ã ãÀ¶ãñ ãñ ãäÊã purpose of dividend.
29.05. 2010 Ôãñ 04.06.2010(ªãñ¶ããò ãäª¶ã Íãããä½ãÊã Öö) d. Dividend Payment Date:
Üã. Êãã¼ããâÍã ¼ãìØã¦ãã¶ã ¦ããÀãèã: On or after 30.07.2010 subject to declaration
of dividend by shareholders.
30.07.2010 ããñ ¾ãã Ôããñ ºããª Íãñ¾ãÀ£ããÀããò ´ãÀã Êãã¼ããâÍã
ããè ÜããñÓã¥ãã ããè Íã¦ãÃ ¹ãÀ e. Unpaid Dividend:
Ý ãª§ã Êãã¼ããâ Í ã : The Banking Companies (Acquisition and

Transfer of Undertakings) and Financial
16 10 2006 Ôãñ ¹ãÆ¼ããÌããè ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãã Institutions Laws (Amendment) Act, 2006
ããä£ãØãÆÖ¥ã ¦ã©ãã ãâ¦ãÀ¥ã) ¦ã©ãã ãäÌã¦¦ããè¾ã ÔãâÔ©ããú ãäÌããä£ã (ÔãâÍããñ£ã¶ã) which has come into force on 16 10 2006,
ããä£ããä¶ã¾ã½ã 2006 ½ãò ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãñ ããä£ãØãÆÖ¥ã has inserted a new section 10(B) in the
Banking Companies (Acquisition and Transfer
¦ã©ãã ãâ¦ãÀ¥ã) ããä£ããä¶ã¾ã½ã 1970 ½ãò 10 (ºããè) ¶ãã½ãã ã ¶ãÃ
of Undertakings) Act 1970 which provides
£ããÀã ããñü¡ ªãè ØãÃ Öõ ãäãÔã½ãò ãä¶ã½¶ããäÊããäã¦ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã Öõ: as under:
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⇒ ÜããñÓã¥ãã ããè ¦ããÀãèã Ôãñ 30 ãäª¶ããò ãñ ºããª 7 ãäª¶ããò ãñ ãâªÀ, ¾ããäª ⇒ Within 7 days from the expiry of 30 days
from the date of declaration, if any
ãäãÔããè Íãñ¾ãÀ£ããÀã ¶ãñ Êãã¼ããâÍã ãã ¶ããªãèãÀ¥ã / ªãÌãã ¶ãÖãé ãäã¾ãã shareholder has not encashed /claimed the
Öãñ, ñÔããè Àã½ã ããñ ºãöã ãñ ÞããÊãî ãã¦ãñ ½ãò ¹ãü¡ãè Öõ, Ôãñ .........ÌãÓãÃ dividend, such amounts lying in the bank
ãñ ãäÊã ãã ããñ ºããè ãñ ãª¦¦ã Êãã¼ããâÍã ãã¦ãñ ¶ãã½ãã ãÊãØã current account, have to be transferred to a
ãã¦ãñ ½ãò ãâ¦ããäÀ¦ã ãäã¾ãã ãã¶ãã Öõý separate account styled Unpaid Dividend
Account of IOB for the year _____
⇒ ãª¦¦ã Êãã¼ããâÍã ãã¦ãñ ããñ ãâ¦ããäÀ¦ã ããñÃ ¼ããè Àã½ã ããñ Ôã ¹ãÆããÀ ⇒ Any money transferred to the Unpaid Dividend
ãñ ãâ¦ãÀ¥ã ããè ¦ããÀãèã Ôãñ Ôãã¦ã ÌãÓãÃ ããè ãÌããä£ã ãñ ãäÊã ãª¦¦ã account which remains unpaid or unclaimed
¾ãã ãªãÌããè ¹ãü¡ãè Öö, ¦ããñ Ôãñ ãâ¹ã¶ããè ããä£ããä¶ã¾ã½ã 1956 ãñ 205(1) for a period of seven years from the date of
such transfer, shall be transferred to the
(Ôããè) ãñ ¦ãÖ¦ã Ô©ãããä¹ã¦ã ãä¶ãÌãñÍãã ãäÍãàãã ¦ã©ãã ÔãâÀàã¥ã ãä¶ããä£ã ããñ Investor Education and Protection Fund
ãâ¦ããäÀ¦ã ãÀ ªñ¶ãã Öõý established under Sec 205(1)(C) of the
Companies Act 1956.
¦ãªá¶ãìÔããÀ ãä¹ãÊãñ ÌãÓããô ãñ ãª¦¦ã Êãã¼ããâÍããò ããñ ããããñºããè ãñ ãª¦¦ã
Accordingly, the unpaid dividend of previous
Êãã¼ããâÍã ãã¦ããò ããñ ãâ¦ããäÀ¦ã ãÀ ãäª¾ãã Øã¾ãã Öö ããõÀ ã¦ã: Ôã ¹ãÆããÀ ããè years has been transferred to Unpaid Dividend
ãâ¦ãÀ¥ã ÀããäÍã ããñ ããñ ãâ¦ãÀ¥ã ããè ¦ããÀãèã Ôãñ Ôãã¦ã ÔããÊã ããè ãÌããä£ã Account/s of IOB as follows and hence such
¦ãã ãª¦¦ã ¾ãã ãªããäÌã¦ã Öö, ãä¶ãÌãñÍãã ãäÍãàãã ¦ã©ãã ÔãâÀàã¥ã ãä¶ããä£ã ½ãò monies which remain unpaid or unclaimed for a
period of seven years from the date of such
ãâ¦ããäÀ¦ã ãÀ ãäª¾ãã ããØãã :
transfer shall be transferred to the Investor
Êãã¼ããâ Í ã ãª¦¦ã Êãã¼ããâ Í ã ãã¦ãñ Education and Protection Fund :
ããñ ãâ¦ããäÀ¦ã ãÀ¶ãñ ããè ¦ããÀãèã Dividend for Date of Transfer
2000-01 08.12.2006 to Unpaid Dividend A/c

2000-01 08.12.2006
2001-02 05.12.2006
2001-02 05.12.2006
2002-03 05.12.2006
2002-03 05.12.2006
2003-04(ãã) 04.12.2006
2003-04 (I) 04.12.2006
2003-04(¹ã) 04.12.2006
2003-04 (F) 04.12.2006
2004-05(ãã) 09.12.2006
2004-05 (I) 09.12.2006
2004-05(¹ã) 05.12.2006
2004-05 (F) 05.12.2006
2005-06 04.12.2006
2005-06 04.12.2006
2006-07 13.07.2007 2006-07 13.07.2007
2007-08 19.07.2008 2007-08 19.07.2008
2008-09 11.08.2009 2008-09 11.08.2009
Þã. ºãöã ãñ Íãñ¾ãÀ ãä¶ã½¶ããäÊããäã¦ã Ôãùã ãÔãÞãòããò ½ãò ÔãîÞããè f. The Banks shares are listed on the
ºã® ãäã Øã Öö: following stock exchanges:
Ôãã ãÔãÞãòã ãã ¶ãã½ã Ôãùã ããñ¡ Name of the Stock Exchange Stock Code
½ã³ãÔã Ôãùã ãÔãÞãòã** ããããñºããè Madras Stock Exchange Ltd.** IOB
½ãìâºãÃ Ôãùã ãÔãÞãòã 532388 Bombay Stock Exchange Ltd. 532388

National Stock Exchange
¶ãñÍã¶ãÊã Ôãùã ãÔãÞãòã ããããñºããè Ãã¾ãî Ã ºããèÃ ºããèãè
ãã¹ã âãä¡¾ãã ãäÊããä½ãñ¡ of India Ltd. IOB EQ AE BE BT
53
** ãäª¶ããâã 14 ãî¶ã 2008 ããñ ãã¾ããñãäã¦ã 8Ìããé ÌãããäÓãÃã Ôãã½ãã¶¾ã ** The shareholders of our Bank at the 8th Annual
ºãõã ½ãò ºãöã ãñ Íãñ¾ãÀ£ããÀããò ¶ãñ ºãöã ãñ Íãñ¾ãÀãò ããñ ½ã³ãÔã Ôãùã General Meeting held on 14th June, 2008 had
unanimously passed a resolution approving the
ãÔÞãòã ãäÊããä½ãñ¡ ããè ÔãîÞããèºã®¦ãã Ôãñ Öã Êãñ¶ãñ ãñ Ôãâºãâ£ã ½ãò ÔãÌãÃÔã½½ã¦ã delisting of the Banks shares from Madras Stock
ÔãâãÊ¹ã ¹ãããäÀ¦ã ãäã¾ããý ¦ãª¶ãìÔããÀ ºãõâã Íãñ¾ãÀãñâ ããñ Öã ªñ¶ãñ ãñ ãäÊã Exchange Limited. An application for delisting
½ãÔãÃ ããñ 2008 ½ãò ããÌãñª¶ã ãäª¾ãã Øã¾ãã Öõ ããõÀ Ìãñ Ôããã ÔãâÔãã£ã¶ã of the Banks shares has accordingly been
ãÀ ÀÖñ Öõâý submitted to MSE in 2008 and the same is being
processed by MSE.
½ã³ãÔã Ôãùã ãÔãÞãòã ãñ ãÊããÌãã Ôãã ãÔãÞãòããò ããñ ÌãÓãÃ 2009-
Annual listing fee for the year 2009-10 has been
10 ãñ ãäÊã ÔãîÞããèºã® ãÀ¶ãñ Öñ¦ãì ÌãããäÓãÃã ÍãìÊã ãä¶ã£ããÃãäÀ¦ã ªñ¾ã ¦ããÀãèããò paid to the stock exchanges except Madras
ãñ ãâªÀ ãäª¾ãã Øã¾ãã ÖõýÞãîúãäã ½ã³ãÔã Ôãùã ãÔãÞãòã , Þãñ¸ãõ ãñ ¹ããÔã Stock Exchange within the prescribed due dates.
Ö½ããÀã ÔãîÞããè Ôãñ Öã¶ãñ Ôãâºãâ£ããè ããÌãñª¶ã ã¼ããè ¼ããè Êãâãäºã¦ã Öõ , ÌãÓãÃ As our delisting application is still pending with
2009- 10 ãñ ãäÊã ÔãîÞããèºã® ãÀ¶ãñ Öñ¦ãì ÌãããäÓãÃã ÍãìÊã ãã ¼ãìØã¦ãã¶ã Madras Stock Exchange, Chennai, Annual Listing
Fee for the year 2009-10 has been paid on
ãäª¶ããâã 31.03.2010 ããñ ãÀ ãäª¾ãã Øã¾ãã Öõ ý 31.03.2010.
¹ãÆ ã ãä £ ããð ¦ã ¹ãî ú ããè ½ãò ºãü ¤ ãñ ¦ ãÀãè Increase in Authorised Capital:
ºãöãããÀãè ãâ¹ã¶ããè (¹ãã½ããò ãã ããä£ãØãÆÖ¥ã ¦ã©ãã ãâ¦ãÀ¥ã ) ããä£ããä¶ã¾ã½ã Pursuant to Section 3 (2-A) of the Banking
1970/1980 ããè £ããÀã 3(2) ãñ ã¶ãì¹ããÊã¶ã ½ãò ¼ããÀ¦ã ÔãÀããÀ ¶ãñ Companies (Acquisition and Transfer of
ã¹ã¶ããè ããä£ãÔãîÞã¶ãã Ôã ããñ Ôãâ 3123 ããõÀ Ôã ããñ Ôãâ 3124 ãäª¶ããâãäã¦ã Undertakings) Act, 1970/1980, the Government
of India has, vide GOI Notification S.O. No. 3123
10 ¶ãÌãâºãÀ 2009 ãñ ´ãÀã ÀãÓÈãè¾ããð¦ã ºãöããò ½ãñ ¹ãÆããä£ããð¦ã ¹ãîúããè ããñ Á. and S.O. No. 3124 dated November 10, 2009,
1500 ãÀãñü¡ Ôãñ ºãü¤ãÀ Á. 3000 ãÀñãü¡ ãÀ ãäª¾ãã Øã¾ãã Öõ ý ã¦ã: increased the Authorised Capital of Nationalised
10 ¶ãÌãâºãÀ 2009 Ôãñ Ö½ããÀñ ºãöã ããè ¹ãÆããä£ããð¦ã ¹ãîúããè Á. 1500 ãÀãñü¡ Banks from Rs. 1500 crores to Rs. 3000 crores.
Ôãñ ºãü¤ãÀ Á. 3000 ãÀñãü¡ Öãñ Øã¾ããè ý Thus with effect from November 10, 2009, our
Banks Authorised Capital of Rs. 1500 crores
. ºããããÀ ½ãîÊ¾ããò ãñ ããúã¡ñ stands increased to Rs. 3000 crores.
ãÌããä£ã ½ããÖ ¶ãñÍã¶ãÊã Ôãùã ãÔãÞãòã ºããâºãñ Ôãùã ãÔãÞãòã g. Market price data:
ÞÞã(Á) ãä¶ã½¶ã (Á) ÞÞã (Á) ãä¶ã½¶ã (Á) Period - National Stock Exchange Bombay Stock Exchange
Month High (Rs) Low (Rs) High (Rs) Low (Rs)
ã¹ãÆõÊã 2009 72.00 45.00 72.00 45.15
½ãÃ 2009 92.95 59.30 92.90 59.75 Apr 2009 72.00 45.00 72.00 45.15
May 2009 92.95 59.30 92.90 59.75
ãî¶ã 2009 97.30 78.25 98.00 78.50
Jun 2009 97.30 78.25 98.00 78.50
ãìÊããÃ 2009 92.00 75.30 91.70 75.10
Jul 2009 92.00 75.30 91.70 75.10
ãØãÔ¦ã 2009 91.35 77.95 91.75 78.00
Aug 2009 91.35 77.95 91.75 78.00
ãäÔã¦ã½ºãÀ 2009 129.15 83.20 128.80 84.00
Sep 2009 129.15 83.20 128.80 84.00
ãã¦ãîºãÀ 2009 140.90 100.00 141.00 100.00
Oct 2009 140.90 100.00 141.00 100.00
¶ãÌã½ºãÀ 2009 122.90 97.00 123.15 97.05
Nov 2009 122.90 97.00 123.15 97.05
ãäªÔã½ºãÀ 2009 121.00 105.25 121.00 105.00 Dec 2009 121.00 105.25 121.00 105.00
ã¶ãÌãÀãè 2010 116.40 88.20 116.50 88.70 Jan 2010 116.40 88.20 116.50 88.70
¹ãÀÌãÀãè 2010 94.80 81.35 95.10 84.80 Feb 2010 94.80 81.35 95.10 84.80
½ããÞãÃ 2010 96.30 84.00 96.50 86.95 Mar 2010 96.30 84.00 96.50 86.95
2009-10 ãñ ªãõÀã¶ã Ôãâºãâãä£ã¦ã Ôãùã ãÔÞãñããñâ ½ãò ºãöã ãñ Íãñ¾ãÀãò ãã Figures in bold represent the high / low price of
ÞÞã / ãä¶ã½¶ã ããè½ã¦ããò ãñ ããúã¡ñ Ô¹ãÓ ãàãÀãò ½ãò ãäª Øã Öö ý the Banks shares during the year 2009-10 on
the respective Stock Exchanges.
54
01-04-2009 Ôãñ 31-03-2010 ãñ ªãõÀã¶ã ºããèÔãÃ ÔãòÔãñãÔã Equity performance in comparison to BSE
ããè ¦ãìÊã¶ãã ½ãò ÃãäãÌããè ãä¶ãÓ¹ããª¶ã SENSEX during 01.04.2009 to 31.03.2010
01-04-2009 Ôãñ 31-03-2010 ãñ ªãõÀã¶ã ¶ãÔãÃ ãä¶ãü¹ããè ããè

Equity performance in comparison to NSE Nifty
¦ãìÊã¶ãã ½ãò ÃãäãÌããè ãä¶ãÓ¹ããª¶ã during 01.04.2009 to 31.03.2010
55
¢ã. ÀãäãÔÈãÀ ããõÀ ãâ¦ãÀ¥ã ãñ¥: i. Registrar & Transfer agent:
½ãñÔãÔãÃ ãñãä½ã¾ããñ ãã¹ããóÀñ ÔããäÌãÃÔãñûã ãäÊã. M/s. Cameo Corporate Services Ltd.
(Unit-IOB) Subramanian Building, I Floor
(¾ãîãä¶ã - ãã ããñ ºããè) ÔãìºãÆ½ããä¥ã¾ã¶ã ãäºããäÊ¡âØã, ¹ãÖÊããè ½ãâãäûãÊã
No.1 Club House Road
¶ã.1, ãÊãºã ÖãÔã Àãñü¡ Þãñ¸ã - 600 002
Chennai-600 002
ñãäÊã¹ããñ¶ã - 28460395, 28460084, ¹ãõãÔã- 28460129 Tel: 044-28460395; 28460084 Fax: 28460129
Ã.½ãñÊã : [email protected] e-mail:[email protected]
ã. Íãñ¾ãÀ ãâ¦ãÀ¥ã ¹ãÆ¥ããÊããè: j. Share Transfer System:
ãâ¦ãÀ¥ã, ¹ãÆñÓã¥ã, Ô©ãã¶ããâ¦ãÀ¥ã, ¡îãä¹Êããñ Íãñ¾ãÀ ¹ãÆ½ãã¥ã ¹ã¨ã ããÀãè Our bank has a Sub-Committee of the Board
ãÀ¶ãã, ãäÌã¼ããã¶ã, Ôã½ãñã¶ã, Àãè½ãñ, ¶ãã½ã ¹ããäÀÌã¦ãÃ¶ã ãããäª ãñ ãäÊã for considering the requests received from
shareholders for transfer, transmission,
Íãñ¾ãÀ£ããÀããò Ôãñ ¹ãÆã¹¦ã ã¶ãìÀãñ£ããò ¹ãÀ ãäÌãÞããÀ ãÀ¶ãñ ãñ ãäÊã Ö½ããÀñ transposition, issuance of duplicate share
ºãöã ½ãâñ ºããñ¡Ã ããè ã ¹ã Ôããä½ããä¦ã Öõý ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã certificates, splitting, consolidation, remat, name
¾ãã ¶ãããè ØãõÀ ÖããäûãÀãè ½ãò ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã Ôããä½ããä¦ã ãñ ã£¾ãàã change etc. The Chairman and Managing Director
ÖãòØãñý Íãñ¾ãÀ£ããÀã ãä¶ãªñÍãã (¡ãù . ãäÞãÀâããèºã Ôãñ¶ã) ããõÀ ºããñ¡Ã or in his absence the Executive Director is
Chairman of the Committee. The other members
´ãÀã ¶ãããä½ã¦ã ãä¶ãªñÍãã (Ñããè ãã¶ãâª ãì½ããÀ) Ôããä½ããä¦ã ãñ ã¶¾ã of the committee are: a Shareholder Director (Dr.
ÔãªÔ¾ã Ööý Chiranjib Sen) and a Director nominated by the
Board (Shri K Ananda Kumar).
. 31.03.2010 ¦ãã Íãñ¾ãÀ£ããÀ¥ã ãã ãäÌã¦ãÀ¥ã:
k. Distribution of shareholding as on 31.03.2010:
ã. Ôãâ. Ñãñ ¥ ããè Íãñ¾ãÀãò ããè Ôãâ¾ãã Íãñ¾ãÀ£ããÀ¥ã
ãã % Sl. Category No. of Shares % of share
No holding
¹ãÆÌãÃ¦ãã ãã £ããÀ¥ã PROMOTERS HOLDING
1. ¼ããÀ¦ã ÔãÀããÀ 333600000 61.23 1 Government of India 333600000 61.23
¹ã ¾ããñØã 333600000 61.23 Sub-Total 333600000 61.23
ØãõÀ-¹ãÆÌã¦ãÃã ãã £ããÀ¥ã NON-PROMOTERS HOLDING
2. ÔãâÔ©ããØã¦ã ãä¶ãÌãñÍãã 2 Institutional Investors
ã. ½¾ãîÞãìãÊã ¹ã¥¡áÔã, 3085335 0.57 A Mutual funds and UTI 3085335 0.57
Ìãâ ¾ãîãä¶ã ÈÔ ããù¹ã ãä¥¡¾ãã
B Banks, Financial Institutions 27123191 4.98
ã. ºãöã Ìã ãäÌã§ããè¾ã ÔãâÔ©ããú 27123191 4.98
C Insurance Companies 43398235 7.97
Øã. ºããè½ãã ãâ¹ããä¶ã¾ããú 43398235 7.97
D Foreign Institutional Investors 46099394 8.46
Üã. ãäÌãªñÍããè ÔãâÔ©ããØã¦ã ãä¶ãÌãñÍãã 46099394 8.46
Sub-Total 119706155 21.98
¹ã ¾ããñØã 119706155 21.98
3 OTHERS
3. ã¶¾ã
A Private Corporate Bodies 11264365 2.07
ã. ãä¶ãããè ¶ãõØã½ã ãä¶ããã¾ã 11264365 2.07
B Individuals 74612990 13.70
ã. Ìãõ¾ããäã¦ãã 74612990 13.70
C Others 5616490 1.02
Øã. ã¶¾ã 5616490 1.02
Sub-total 91493845 16.79
¹ã ¾ããñØã 91493845 16.79
GRAND TOTAL 544800000 100.00
ãìÊã ¾ããñØã 544800000 100.00
56
. 31.03.2010 ¦ãã ãäÌã¦ãÀ¥ã ã¶ãìÔãîÞããè : l. Distribution schedule as on 31.03.2010
Íãñ¾ãÀ Íãñ¾ãÀ£ããÀããò ããè ¹ãÆ¦¾ãñã Á.10 ãñ Íãñ¾ãÀ ½ãîÊ¾ã ãìÊã Ôãâ No. of % to total no. Shareholding in Share % to total
£ããÀããò ããè ãìÊã Ôãâ.ãã % ãâãäã¦ã ½ãîÊ¾ã ãñ (ãâãäã¦ã ½ãîÊ¾ã) ãã % share of share terms of nominal Amount
Ôãâ¾ãã Íãñ¾ãÀãò ããè ãìÊã holders holders value of Rs.10/- (Face Value)
Íãñ¾ãÀ£ãããäÀ¦ãã
204593 87.17 Upto 5000 363251070 6.67
204593 87.17 Upto 5000 363251070 6.67
21073 8.98 5001 10000 177231840 3.25
21073 8.98 5001 10000 177231840 3.25
5861 2.50 10001 20000 83602520 1.53
5861 2.50 10001 20000 83602520 1.53
1174 0.50 20001 30000 29452770 0.54
1174 0.50 20001 30000 29452770 0.54
542 0.23 30001 40000 19442150 0.36 542 0.23 30001 40000 19442150 0.36
342 0.15 40001 50000 16126110 0.30 342 0.15 40001 50000 16126110 0.30
526 0.22 50001 100000 38506560 0.71 526 0.22 50001 100000 38506560 0.71
586 0.25 100001 and above 4720386980 86.64 586 0.25 100001 and above 4720386980 86.64
234697 100.00 TOTAL 5448000000 100.00 234697 100.00 TOTAL 5448000000 100.00
¡. 31.03.2010 ¦ãã ãäÌãªñÍããè Íãñ¾ãÀ £ããÀ¥ã m. Foreign Shareholding as on 31.03.2010

Sl Category As on 31 03 2009 As on 31 03 2010
ã½ã ÔãâÌãØãÃ 31 03 2009 ¦ãã 31 03 2010 ¦ãã
Ôãâ. Íãñ¾ãÀãò ããè Ôãâ ãìÊã ¹ãîúããè Íãñ¾ãÀãò ããè Ôãâ ãìÊã ¹ãîúããè No No of shares % To No of shares % To
ããè ¦ãìÊã¶ãã ããè ¦ãìÊã¶ãã total total
½ãò % ½ãò % capital capital
01 ãäÌãªñÍããè ÔãâÔ©ããØã¦ã ãä¶ãÌãñÍãã 1 Foreign Institutional

(¹ã ãã ãã) 42710024 7.84 46099394 8.46 Investors (FIIs) 42710024 7.84 46099394 8.46
02 ããñ Ôããè ºããè 48000 0.01 48000 0.01 2 OCBs 48000 0.01 48000 0.01
03 ããä¶ãÌããÔããè 3645120 0.67 4433117 0.81 3 NRIs 3645120 0.67 4433117 0.81
Total 46403144 8.52 50580511 9.28
ãìÊã 46403144 8.51 50580511 9.28
As detailed in the above table, the total foreign
ã¦ã ÔããÀ¥ããè ½ãñâ Ìããä¥ãÃ¦ãã¶ãìÔããÀ 31.03.2010 ¦ãã ãìÊã ãäÌãªñÍããè Íãñ¾ãÀ£ããÀ¥ã (ããä¶ãÌããÔããè, shareholding (FIIs, OCBs, NRIs) as at 31.03.2010
ããñ Ôããè ºããè, ãäÌãªñÍããè ÔãâÔ©ããØã¦ã ãä¶ãÌãñÍãã) 9.28% ©ãã ããñ ãäã ºãöã ããè ãìÊã ¹ãÆª¦¦ã ¹ãîú ããè was 9.28% which is within the stipulated level of
ãñ 20% ãñ ãä¶ã£ããÃãÀä ¦ã Ô¦ãÀ ãñ ãâªÀ Öõý 20% of the total paid up capital of the Bank.\
¤ . 31.03.2010 ¦ãã ºãöã ãñ ¹ããúÞã ÔãÌããóÞÞã Íãñ¾ãÀ£ããÀã n. Top five shareholders of the bank as on
31.03.2010:
ã½ã Íãñ¾ãÀ£ããÀããò ãã ¶ãã½ã £ãããäÀ¦ã Íãñ¾ãÀãò ãìÊã £ããÀ¥ã
Sl Name of the Shareholders No of % of total
Ôãâ ããè Ôãâ ãã %
No shares held holding
1 ¼ããÀ¦ã ãñ ½ãÖã½ããäÖ½ã ÀãÓÈ¹ããä¦ã -
1 HE The President of India -
¼ããÀ¦ã ÔãÀããÀ 333600000 61.23
The Government of India 333600000 61.23
2 ¼ããÀ¦ããè¾ã ããèÌã¶ã ºããè½ãã ãä¶ãØã½ã 39648523 7.28
2 Life Insurance Corporation of India 39648523 7.28
3 ¼ããÀ¦ããè¾ã ããèÌã¶ã ºããè½ãã ãä¶ãØã½ã -
3 LIC of India Market Plus 10632813 1.95
½ãããó ¹ÊãÔã 10632813 1.95
4 Citigroup Global Markets
4 ãäÔããè ØãÆî¹ã ØÊããñºãÊã ½ãããóáÔã Mauritius Private Limited 7734840 1.42
½ãããäÀãäÍã¾ãÔã ¹ãÆãÌãñ ãäÊããä½ãñ¡ 7734840 1.42 5 Life Insurance Corporation of India
5 ¼ããÀ¦ããè¾ã ããèÌã¶ã ºããè½ãã ãä¶ãØã½ã - Profitplus 6515555 1.20
¹ãÆãùãä¹ã ¹ÊãÔã 6515555 1.20
o. Dematerialization of shares:
¥ã. Íãñ¾ãÀ ¹ãÆ½ãã¥ã-¹ã¨ããò ãã ã½ãîãä¦ãÃãÀ¥ã : The shares of the Bank are under compulsory
ºãöã ãñ Íãñ¾ãÀ ããä¶ãÌãã¾ãÃ ã½ãîãä¦ãÃãÀ¥ã ãñ ã£ããè¶ã Öö ý ºãöã Íãñ¾ãÀãò ãñ demat trading. The Bank has joined as a member
of the depository services with National Securities
ã½ãîãä¦ãÃãÀ¥ã ãñ ãäÊã ããÀãèã¦ããÃ ãâ¹ã¶ããè ãñ Â¹ã ½ãò ºãöã ÀãÓÈãè¾ã ¹ãÆãä¦ã¼ãîãä¦ã
57
ãä¡¹ããùãäãÀãè. ãäÊã. (¶ã Ôã ¡ãè Êã) ããõÀ ãñ¶³ãè¾ã ãä¡¹ããùãäãÀãè ÔãñÌããâùâ Depository Limited (NSDL) and Central Depository
(¼ããÀ¦ã) ãäÊã. (Ôããè ¡ãè Ôã Êã) ½ãòñ ÔãªÔ¾ã ãñ Â¹ã ½ãò Íãããä½ãÊã Öõý Íãñ¾ãÀ Services (India) Limited (CDSL) as an issuer
company for dematerialization of the Banks
£ããÀã ¶ãÔã¡ãèÊã ¾ãã Ôããè¡ãèÔãÊã ãäãÔããè ãñ ¼ããè Ôãã©ã ã¹ã¶ãñ Íãñ¾ãÀãò shares. Shareholders can get their shares
ãã ã½ãîãä¦ãÃãÀ¥ã ãÀã Ôãã¦ãñ Öõý ãä¡¹ããùãäãÀãè ÔãñÌãã ¶ãñ ºãöã ããñ dematerialized with either NSDL or CDSL. The
ãä¶ã½¶ããäÊããäã¦ã ãã Ôã ãã ¶ã ããñ¡ ããºãâãä¦ã ãäã¾ãã Öõ-ãã¶ãÃ depository services have allotted the following
565 01014ý ISIN code to the Bank: INE565A01014.
31.03.2010 ¦ãã 54.48 ãÀãñü¡ ÃãäãÌããè Íãñ¾ãÀãò ½ãñâ Ôãñ, 50.80 As on 31.3.2010, out of 54.48 crore equity shares,
50.80 crore shares or 93.25% are held by the
ãÀãñü¡ Íãñ¾ãÀ ¾ãã 93.25% Íãñ¾ãÀ£ããÀããò ãñ ¹ããÔã ¡ãè½ãñ Â¹ã ½ãò Öõ ããõÀ shareholders in Demat form (of which Government
3.68 ãÀãñü¡ Íãñ¾ãÀ ¾ãã 6.75% ¼ããõãä¦ãã Â¹ã ½ãò Öö (ãäãÔã½ãò Ôãñ ¼ããÀ¦ã of India holds 33.36 crore shares aggregating
ÔãÀããÀ 33.36 ãÀãñü¡ Íãñ¾ãÀ £ãããäÀ¦ã ãÀ¦ãã Öõ ããñ ãäã ããõÔã¦ã¶ã 61.23% to 61.23% - GOIs shareholding was dematerialized
Öõý ¼ããÀ¦ã ÔãÀããÀ ããè Íãñ¾ãÀ£ãããäÀ¦ãã ½ããÞãÃ 2008 ½ãò ã½ãîãä¦ãÃãð¦ã ããè in March 2008) and 3.68 crore shares or 6.75%
are in physical form.
ØãÃý)
p. Outstanding GDRs/ADRs/Warrants or any
¦ã. ºããã¾ãã ããè ¡ ãè ããÀ/¡ãè ããÀ/ÌããÀ¥ ¾ãã ã¶¾ã ããñ Ã
convertible instruments, conversion date
¹ããäÀÌã¦ãÃ¶ããè¾ã ãäÊãã¦ã, ¹ããäÀÌã¦ãÃ¶ã ããè ¦ããÀãèã Ìã ÃãäãÌããè and likely impact on equity:
¹ãÀ Ôããã Ôãâ ¼ ããÌ¾ã ¹ãÆ ¼ ããÌã:
The bank has not issued any GDRs /ADRs /
ºãöã ¶ãñ ããñÃ ããè¡ãèããÀ/¡ãèããÀ/ÌããÀ¥ ¾ãã ããñÃ ¹ããäÀÌã¦ãÃ¶ããè¾ã ãäÊãã¦ãò Warrants or any convertible instruments.
ããÀãè ¶ãÖãé ããè Öõý q. The bank has raised non-convertible bonds
©ã. ºãö ã ¶ãñ Ôã½ã¾ã Ôã½ã¾ã ¹ãÀ ÌãÞã¶ã-¹ã¨ããò ãñ Â¹ã ½ãò in the nature of promissory notes from time
ã¹ãÆ¦¾ããÌã¦ãÃ¶ããè¾ã ºããù¥¡ ã¨ã ãäã Öõ:31-03-2010 ¦ãã to time. The details of such bonds
outstanding as on 31.03.2010 are as follows:
ñÔãñ ºããã¾ãã ºããù¥¡ãò ãñ ãäÌãÌãÀ¥ã ãä¶ã½¶ãã¶ãìÔããÀ Öâõ:
Series Date of Size Tenor Coupon Redemption
ã½ã ããºãâ ¶ã ããè ããããÀ ãÌããä £ ã ãî ¹ã¶ã ¹ãÆ ¦ ¾ããÌã¦ãÃ ¶ ã Allotment(Rs in crores)(In Months) (%) Date
¦ããÀãè ã (Á.ãÀãñ ¡ ãò ½ãò )(½ãÖãè¶ããò ½ãò) ( % ) ããè ¦ããÀãè ã
Tier II
ã¾ãÀ ýý v 01.03.2004 200.00 120 06.00 01 03.2014
v 01.03.2004 200.00 120 06.00 01 03.2014 vi 26.07.2004 200.00 120 06.40 26.07.2014
vi 26.07.2004 200.00 120 06.40 26.07.2014 vii 08.01.2005 150.00 123 07.25 08.04.2015
vii 08.01.2005 150.00 123 07.25 08.04.2015 viii 16.09.2005 200.00 123 07.40 16.12.2015
viii 16.09.2005 200.00 123 07.40 16.12.2015 ix 09.01.2006 250.00 123 07.70 09.04.2016
ix 09.01.2006 250.00 123 07.70 09.04.2016 x 13.03.2006 300.00 120 08.00 13.03.2016
x 13.03.2006 300.00 120 08.00 13.03.2016 xi 26.07.2006 500.00 120 09.10 26.07.2016
xi 26.07.2006 500.00 120 09.10 26.07.2016 xii 22.08.2008 300.00 120 10.85 22.08.2018
xii 22.08.2008 300.00 120 10.85 22.08.2018 xiii 24.08.2009 290.00 120 8.48 24.08.2019
xiii 24.08.2009 290.00 120 8.48 24.08.2019 BhoB ** 20.03.2004 36.00 87 07.00 20.06.2011
ºããèÞãããñºããè **20.03.2004 36.00 87 07.00 20.06.2011 Upper Tier II Call Option date
ÞÞã ã¾ãÀ II ½ããúØã ãäÌããÊ¹ã ¦ããÀãèã i 05.09.2006 500.00 @180 9.24 @05.09.2016
i 05.09.2006 500.00 @180 9.24 @05.09.2016 ii 17.09.2008 655.30 @180 11.05 @17.09.2018
ii 17.09.2008 655.30 @180 11.05 @17.09.2018 iii 01.09.2009 510.00 @180 8.80 @01.09.2019
iii 01.09.2009 510.00 @180 8.80 @01.09.2019 Tier I (Perpetual) Call Option date
ã¾ãÀ 1 (ºãñãä½ã¾ããªãè) ½ããúØã ãäÌããÊ¹ã ¦ããÀãèã i 31.03.2006 200.00 @Perpetual 09.30 @31.03.2016
i 31.03.2006 200.00 @ ºãñãä½ã¾ããªãè 09.30 @31.03.2016 ii 18.05.2006 200.00 @Perpetual 09.15 @18.05.2016
ii 18.05.2006 200.00 @ ºãñãä½ã¾ããªãè 09.15 @18.05.2016 iii 30.09.2006 80.00 @Perpetual 09.20 @30.09.2016
iii 30.09.2006 80.00 @ ºãñãä½ã¾ããªãè 09.20 @30.09.2016 iv 29.09.2009 300.00 @Perpetual 09.30 @29.09.2019
iv 29.09.2009 300.00 @ ºãñãä½ã¾ããªãè 09.30 @29.09.2019 TOTAL 4871.30
ãì Ê ã 4871.30
@Call option available at the end of 10 years (with the
@ 10 ÌãÓãÃ ãñ ãâ¦ã ½ãò ½ããúØã ãäÌããÊ¹ã ¹ãÊãº£ã Öõ (¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ãñ ¹ãîÌããÃ¶ãì½ããñª¶ã ãñ prior approval of RBI). If the call option is not exercised,
Ôãã©ã)ý ¾ããäª ½ããúØã ãäÌããÊ¹ã ãã ¹ãÆ¾ããñØã ¶ãÖãé ãäã¾ãã ãã ÀÖã Öõ ¦ããñ ãî¹ã¶ã ªÀ ããñ 50 ºããè¹ããèÔã the coupon rate will be stepped up by 50 bps.
¦ãã ºãü¤ã¾ãã ããØãã ý
58
**ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ Ôãã©ã ¼ããÀ¦ã ããñÌãÀÔããèûã ºãöã ãñ ãäÌãÊã¾ã¶ã ** Being Tier II Bonds issued by Bharat Overseas
ãñ ¹ãÊãÔÌãÂ¹ã ¼ããÀ¦ã ããñÌãÀÔããèûã ºãöã ãäÊããä½ãñ¡ (ºããèÞãããñºããè) ´ãÀã Bank Ltd.(Bhob) , since taken over by IOB
consequent to merger of Bhob with IOB. The
ããÀãè ãäã Øã ã¾ãÀ II ºããù¥¡ ããããñºããè ´ãÀã ããä£ãØãðÖãè¦ã ãäã present outstanding as on 31.03.2010, is after
Øãý 31-03-2010 ¦ãã Ìã¦ãÃ½ãã¶ã ºããã¾ãã ã¦ã ãä¶ãØãÃ½ã ½ãò ãäÌãÊã¾ã¶ã ãñ setting off our investment of Rs. 4 cr in the
Ôã½ã¾ã Á.4 ãÀãñü¡ ãñ Ö½ããÀñ ãä¶ãÌãñÍã ãã Ôã½ãâã¶ã ãÀ¶ãñ ãñ ºããª Öõý said issue, at the time of the merger.
ª. ¹ã¨ããÞããÀ ãÀ¶ãñ ãã ¹ã¦ãã: r. Address for Correspondence:
Íãñ¾ãÀãò ãñ ã¶¦ãÀ¥ã, Êãã¼ããâÍã ¼ãìØã¦ãã¶ã ããõÀ ãä¶ãÌãñÍãããò Ôãñ Ôãâºãâãä£ã¦ã Share transfers, dividend payment and all other
investor related activities are attended to and
ã¶¾ã Ôã¼ããè ãäã¾ãããÊãã¹ã ÀãäãÔÈãÀ Ìã Íãñ¾ãÀ ã¶¦ãÀ¥ã ãñ¶ ½ãñÔãÔãÃ processed at the office of M/s. Cameo Corporate
ãñãä½ã¾ããñ ããù¹ããóÀñ ÔãñÌããâ ãäÊã. ãñ ãã¾ããÃÊã¾ã ½ãò ãäã ãã¦ãñ Öö ý Íãñ¾ãÀ£ããÀã Services Ltd., Registrars & Share Transfer agents.
ã¹ã¶ãñ ã¶¦ãÀ¥ã ãäÌãÊãñã ããõÀ ã¶¾ã ããñÃ ¼ããè ªÔ¦ããÌãñã, ãäÍããã¾ã¦ãò Shareholders may lodge the transfer deeds and
ãä¶ã½¶ããäÊããäã¦ã ¹ã¦ãñ ¹ãÀ ªãÃ ãÀ Ôãã¦ãñ Öö ý any other documents, grievances and complaints
at their address:
½ãñÔãÔãÃ ãñãä½ã¾ããñ ãã¹ããóÀñ ÔããäÌãÃÔãñÔã ãäÊã. M/s. Cameo Corporate Services Ltd.
(¾ãîãä¶ã - ãã ããñ ºããè) ÔãìºãÆ½ããä¥ã¾ã¶ã ãäºããäÊ¡âØã, I ½ãâãäûãÊã (Unit-IOB) Subramanian Building, I Floor
¶ã.1, ãÊãºã ÖãÔã Àãñü¡, Þãñ¸ãõ- 600 002 No.1 Club House Road, Chennai-600 002
ñãäÊã¹ããñ¶ã - 044 - 28460395, 28460084, ¹ãõãÔã- 28460129 Tel: 044-28460395; 28460084 Fax: 28460129
Ã.½ãñÊã : : [email protected] email:[email protected]
The Bank has an Investor Relations Cell at its
ºãöã ãñ ãä¶ã½¶ããäÊããäã¦ã ¹ã¦ãñ ¹ãÀ Íãñ¾ãÀ£ããÀããò ããè ãäÍããã¾ã¦ããò ãñ Central Office, to deal with the services and
ãä¶ã¹ãã¶ã ãñ ãäÊã ããõÀ ¶ãããè ÔãñÌãã ãñ ãäÊã ºãöã ½ãò ãä¶ãÌãñÍãã complaints of the shareholders at the following
Ôãâºãâ£ã ãàã Öõý address:

ãä¶ãÌãñÍãã Ôãâºãâ£ã ãàã Investor Relations Cell
ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã, 763 ã¥¥ãã ÔããÊã, Þãñ¸ãõ -600 002 Central Office, 763, Anna Salai
Chennai-600 002
ñãäÊã¹ããñ¶ã : 044 - 28519491, 28415702, 28889392 Tel: 044-28519491, 28415702, 28889392
¹ãõãÔã : 044 - 28585675 Fax : 044-28585675
Ã.½ãñÊã : [email protected] email: [email protected]
[email protected] [email protected]
B. NON MANDATORY REQUIREMENTS:
ºããè. Øãõ À -ããä £ ãªñ Í ãã¦½ãã ã¹ãñ à ããú
Non Mandatory Requirements Our Adoption
ØãõÀ-ããä£ãªñÍãã¦½ãã ã¹ãñàããú ºãöã ´ãÀã ã¹ã¶ããÃ ØãÃ
ºããñ¡Ã ãâ¹ã¶ããè ãñ ãÞãó ¹ãÀ ØãõÀ- Þãîúãäã Ö½ããÀñ ºãöã ãñ ã£¾ãàã ¦ã©ãã The Board Since the Chairman and
ãã¾ãÃ¹ããÊãã ã£¾ãàã ´ãÀã ã ¹ãÆºãâ£ãã ãä¶ãªñÍãã Ö½ããÀñ ºãöã ãñ Maintenance of an office Managing Director in our
ãã¾ããÃÊã¾ã ãã ÀãÀããÌã by a non executive Bank is an Executive
ãã¾ãÃ¹ããÊãã ã£¾ãàã Öãñ¦ãñ Öö, ã¦ã: Chairman at the Chairman, this clause is
¾ãÖ ã¥¡ Ö½ããÀñ ãäÊã ÊããØãî ¶ãÖãé ÖãñØããý companys expense not applicable to us
¹ãããäÀÑããä½ãã Ôããä½ããä¦ã ¹ãî ¥ ãÃ ãããä Ê ãã ãä ¶ ãªñ Í ãããò ããñ ªñ ¾ ã R e m u n e r a t i o n Remuneration payable to
¹ãããäÀÑããä½ãã ãã ãä¶ã¥ãÃ¾ã ãò³ ÔãÀããÀ Committee the whole time directors
ãñ ´ãÀã ãäÊã¾ãã ãã¦ãã Öõ ããõÀ ºãöã ØãõÀ- is decided by the Central
Government and the
ãä¶ãªñÍãããò ããñ ãäÔããäâØã ¹ããèÔã ãñ ãÊããÌãã Bank does not pay any
ããñÃ ¹ãããäÀÑããä½ãã ¶ãÖãé ªñ¦ãã Öõý ºããñ¡Ã remuneration to other
ããè ãäª¶ããâã 22-03-2007 ããñ Ôãâ¹ã¸ã directors except sitting
fees as per guidelines of
Central Govt.
59
ÖìÃ ºãõã ½ãò ãäª Øã ãäÌãÌãÀ¥ããò ãñ The Board in its meeting
ã¶ãìÔããÀ (¹ãõÀã 3.8 ªñãò) ãä¶ãªñÍãã held on 22.03.2007, has
set up a Remuneration
½ãâ ¡ Êã ããè ã ¹ã Ôããä ½ ããä ¦ ã Committee as per details
¹ãããäÀÑããä½ãã Ôããä½ããä¦ã Øããä¦ã ããè ØãÃ furnished hereinbefore
Öõý (refer para 3.8).
Íãñ¾ãÀ£ããÀããò ãñ ããä£ãããÀ Ôã¼ããè Íãñ ¾ ãÀ£ããÀããò ããñ ½ããÖãè Shareholders Rights All the shareholders are
provided with the Half
¹ããäÀ¥ãã½ããò ããõÀ ÌãããäÓãÃã ãäÀ¹ããñÃ ããè
Yearly results and Annual
ÔãîÞã¶ãã ¹ãÊãº£ã ãÀãÃ ãã¦ããè Öõ ý Report.
ããùãä¡ ãÖÃ¦ãã ã¹ãÆãä¦ãºãâãä£ã¦ã ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ããò ããè Audit Qualification Constant efforts are being
¹ãÆ¥ããÊããè ããè ããñÀ ºãü¤¶ãñ ãñ ãäÊã made to move towards a
ãä¶ãÀ¶¦ãÀ ¹ãÆ¾ããÔã ãäã ãã ÀÖñ Ööý regime of unqualified
financial statements.
ºããñ¡Ã ãñ ÔãªÔ¾ããò ããñ ¹ãÆãäÍãàã¥ã ãä¶ãªñÍãããò ããñ ¹ãÆãä¦ããäÓ¦ã ¹ãÆãäÍãàã¥ã Training of Board The Board members are
ÔãâÔ©ããããò ½ãò ¹ãÆãäÍãàã¥ã ãã¾ãÃã½ã Öñ¦ãì Members imparted training by
¶ãããä½ã¦ã ãäã¾ãã ãã¦ãã Öõ ý ¹ãÆ¦¾ãñã nominating them for
ãä¶ãªñÍãã ããñ ¶ããñ / ¶ãããè ¼ãîãä½ããã training programmes at
¦ã©ãã ãäã½½ãñªããäÀ¾ããò ããõÀ ½ãÖ¦Ìã¹ãî¥ãÃ reputed training institutes.
Each director is provided
½ãã½ãÊããò ¹ãÀ Ôãâ¹ãî¥ãÃ ãäÌãÌãÀ¥ã ªñ¦ãñ Öì with a reference manual
Ôãâª¼ãÃ ½ãõ¶ãìãÊã ãäª¾ãã Øã¾ãã Öõ ý detailing his or her roles
and responsibilities and
ØãõÀ-ãã¾ãÃ¹ããÊãã ºããñ¡Ã ãñ ÔãªÔ¾ããò Ö½ããÀñ ºãöã ½ãò ØãõÀ-ãã¾ãÃ¹ããÊãã ºããñ¡Ã matters of importance.
ãñ ½ãîÊ¾ããâã¶ã ããè ãã¾ãÃãäÌããä£ã ãñ ÔãªÔ¾ããò ãñ ½ãîÊ¾ããâã¶ã ããè ããñÃ
Mechanism for The Bank does not have
ãã¾ãÃãäÌããä£ã ¹ãÊãº£ã ¶ãÖãé Öõ Þãîúãäã evaluating non such mechanism, as
Ìã¦ãÃ½ãã¶ã ½ãò ¾ãÖ Ö½ã ¹ãÀ ÊããØãî ¶ãÖãé Öõý executive Board presently it is not
Members applicable to us.
ãä Ì ããä Ô ãÊã ºÊããñ ãÀ ¹ããù ã ä Ê ãÔããè Ìã¦ãÃ½ãã¶ã ½ãò ºãöã ãñ ¹ããÔã ããñÃ Þãñ¦ããÌã¶ããè Whistle Blower Policy Presently the Bank does
(Þãñ¦ããÌã¶ããè ¶ããèãä¦ã) ¶ããèãä¦ã (ãäÌããäÔãÊã ºÊããñãÀ ¹ããùãäÊãÔããè) ¶ãÖãé not have a Whistle Blower
policy. However no
Öõý ããùãä¡ Ôããä½ããä¦ã Ôãñ Ôãâ¹ããÃ ãÀ¶ãñ persons have been
Ôãñ ãäãÔããè ¼ããè Ì¾ããäã¦ã ããñ ½ã¶ãã ¶ãÖãé denied access to the
ãäã¾ãã Øã¾ãã Öõ ý Audit Committee.
ãä¶ãªñÍãã ½ãâ¡Êã ãñ ãäÊã Ìãâ ¶ãããè ããñÀ Ôãñ For and on behalf of the Board of Directors
Þãñ¶¶ãõ (Ôãû û ¼ã) Chennai (S A BHAT)

29 ã¹ãÆõÊã 2010 ã£¾ãàã Ìãâ ¹ãÆºãâ£ã ãä¶ãªñÍãã 29th April 2010 Chairman and Managing Director
60
ÌãÓãÃ 2009-10 ãñ ãäÊã ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ ãä¶ãªñÍãã ANNEXURE TO REPORT OF
½ãâ¡Êã ããè ãäÀ¹ããñÃ ãñ ãäÊã ã¶ãìºãâ£ã THE BOARD OF DIRECTORS ON CORPORATE
GOVERNANCE FOR THE YEAR 2009-10
ãä ¶ ãªñ Í ãããò ãã ããè Ì ã¶ã ¹ããä À Þã¾ã
DIRECTORS PROFILE
01 ¶ãã½ã Ñããè Ôã..¼ã 01 Name Shri S. A. Bhat
ãã¾ãì ããõÀ ã¶½ã-ãä¦ããä©ã 59 ÌãÓãÃ - 20.10.1950 Age and Date of Birth 59 years - 20.10.1950
¾ããñØ¾ã¦ãã ºããè.ÔãÔããè (ãã¶ãÔãÃ), Ôããèããããºããè ¼ããØã 1 Qualification B.Sc (Hons.) CAIIB Part I
ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 04.06.2007 Date of Appointment 04.06.2007
Ìã¦ãÃ½ãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the
Ôã½ãããä¹¦ã ããè ¦ããÀãèã 31.10.2010 Current term 31.10.2010
Experience Having 38 years of banking experience.
ã¶ãì¼ãÌã ºãöãäãâØã ½ãò 38 ÌãÓããô ãã ã¶ãì¼ãÌã Öõý ÌãÓãÃ 1972 ½ãò
Joined Bank of India as Probationary
¹ããäÀÌããèàãã£ããè¶ã ããä£ãããÀãè ãñ Â¹ã ½ãò ºãöã ããù¹ã ãä¥¡¾ãã Officer in 1972. He took over as
½ãò ¼ã¦ããê Öìý 2 ¹ãÀÌãÀãè 2006 ããñ ¾ãîããñ ºãöã ãñ Executive Director of UCO Bank on 2nd
ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã ãñ Â¹ã ½ãò ãã¾ãÃ¼ããÀ ØãÆÖ¥ã ãäã¾ãã February 2006 and held this position
ããõÀ ããããñºããè ½ãò Ìã¦ãÃ½ãã¶ã ãã¾ãÃ¼ããÀ ØãÆÖ¥ã ãÀ¶ãñ ¦ãã till his present assignment at IOB. He
Ôã ¹ãª ¹ãÀ ÀÖñý ºãöãäãâØã ãñ Ôã¼ããè àãñ¨ããò ½ãò ªñÍããè ããõÀ has vast experience across the entire
ãäÌãªñÍããè ¹ããäÀÞããÊã¶ããò ½ãò ãäÌããä¼ã¸ã ¹ãªãò ¹ãÀ ãã¹ãããñ Ì¾ãã¹ãã gamut of banking in various capacities
ã¶ãì¼ãÌã Öõý ãäÌããä¼ã¸ã Ôããä½ããä¦ã¾ããò, ãõÔãñ ¦ãã¶ããèããè in domestic and overseas operations.
ÔãÊããÖããÀ Ôããä½ããä¦ã, ºãñÔãÊã II ãñ ãäÊã ãäÔ¾ããäÀâØã He has made many contributions to
the Banking Industry, as a member of
ØãÆì¹ã, ãä¶ã¾ããÃ¦ãããò ãñ ãäÊã ¨ãÉ¥ã ÔãÊããÖããÀ ¹ãÆ¥ããÊããè ¹ãÀ
several committees such as the
Ôããä½ããä¦ã ããõÀ Êã½ã ãñ ¹ããäÀÍããñ£ã¶ã ãñ ãäÊã ãã¾ãÃ Technical Advisory Committee,
ªÊã ãñ ÔãªÔ¾ã ãñ Â¹ã ½ãò ãã¹ã¶ãñ ºãöãäãâØã ²ããñØã ããñ Steering Group for Basel II, Committee
ãÃ ¾ããñØãªã¶ã ãäª Ööý ¾ãñ Ôã¼ããè Ôããä½ããä¦ã¾ããâ ¼ããÀ¦ããè¾ã on Credit Advisory System for
ãäÀûãÌãÃ ºãöã ´ãÀã Øããä¦ã ããè ØãÃ ©ããéý ºãñÔãÊã II ãñ Exporters, and Working Group for
ãã¾ããÃ¶Ìã¾ã¶ã ãñ ãäÊã ãã¾ãÃ¹ã®ãä¦ã ¦ãõ¾ããÀ ãÀ¶ãñ ãñ revision of ALM, all of which were
ãäÊã ¼ããÀ¦ããè¾ã ºãöã ÔãâÜã ããè Ôããä½ããä¦ã ½ãò ¼ããè ãã¹ã Íãããä½ãÊã constituted by Reserve Bank of India.
©ãñý ºãöã ããù¹ã ãä¥¡¾ãã ½ãò ã¹ã¶ããè ãã¾ããÃÌããä£ã ãñ He was also on the Indian Banks
ªãõÀã¶ã ãã¹ã ÔããèÔããèãã, ããÊã ¥¡ ¹ãÔã Associations Committee for drawing
Road Map for implementation of Basel
¦ã©ãã ¥¡ãñ ãããä½ºã¾ãã ºãöã ãñ ãäÊã ¶ãããä½ã¦ããè ãä¶ãªñÍãã
II. During his tenure in Bank of India,
©ãñ ý he was nominee director for STCI, IL
ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãî¶¾ã & FS and Indo Zambia Bank.
Shareholding in IOB Nil
ã¶¾ã ãä¶ãªñÍãã¦ãã ¾ãîãä¶ãÌãÔãÃÊã Ôããñ½¹ããñ ã¶ãÀÊã âÍ¾ããñÀñ¶Ôã ãâ.ãäÊã. ½ãò
ããããñºããè ãñ ¶ãããä½ã¦ããè ãä¶ãªñÍãã Other Directorships Nominee Director of IOB in Universal
Sompo General Insurance Co. Ltd.
02 ¶ãã½ã Ñããè ÌããÃ Êã ½ãªã¶ã 02 Name Shri Y L Madan

¾ããñØ¾ã¦ãã ½ã.ÔãÔããè.,½ã ºããè , Ôããèããããºããè Qualification M.Sc.,MBA, CAIIB
ã¶ãì¼ãÌã ºãöãäãâØã ½ãò 37 ÌãÓããô ãã ã¶ãì¼ãÌã Öõý ãã¹ã¶ãñ 1973 ½ãò Experience Having 37 years of banking experience.
ãñ¶ãÀã ºãöã ½ãò ¹ãÆãäÍãàãì ããä£ãããÀãè ãñ Â¹ã ½ãòñ ãã¾ãÃ He joined Canara Bank in 1973 as
¹ãÆãÀâ¼ã ãäã¾ãã ããõÀ 35 ÌãÓããô ãã ã¶ãì¼ãÌã Öõ ý ãã¹ã¶ãñ Officer Trainee and has 35 years of
experience there. He served mostly in
ããä£ãã¦ãÀ ¹ãâããºã ãñ ¦¦ãÀãè àãñ¨ããò, ÖãäÀ¾ãã¥ãã, Þã¥¡ãèØã¤,
northern areas of Punjab, Haryana,
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ãäºãÖãÀ, ãäªÊÊããè ½ãò ãã¾ãÃ ãäã¾ããý ãã¹ã¶ãñ ªãñÖã, ã¦ããÀ Chandigarh, Bihar, Delhi and had a
½ãò ãñ¶ãÀã ºãöã ãñ ¹ãÆºã¶£ã¶ãã£ããè¶ã ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã posting at Overseas Exchange
ãâ¹ã¶ããè ½ãò ãã¾ãÃ ãäã¾ããý ãã¹ã¶ãñ ãñ¶ãÀã ºãöã ¹ãÆãäÍãàã¥ã Company in Doha, Qatar, managed by
ãñ¶³, ½ãìâºãÃ ½ãò ã ÌãÓãÃÃ ¦ãã Ôãâãã¾ã ÔãªÔ¾ã ãñ Â¹ã Canara Bank. He had a one year stint as
Faculty in Canara Bank Training Centre,
½ãò ãã¾ãÃ ãäã¾ããý ãã¹ã ãñ¶ãÀã ºãöã ½ãò ãã¦ãîºãÀ 2003
Mumbai. He was General Manager in
Ôãñ ãã ããñ ºããè ½ãò ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã ããè ãä¶ã¾ãìãäã¦ã Canara Bank from October 2003 until
¦ãã ½ãÖã ¹ãÆºã¶£ãã ãñ Â¹ã ½ãò ãã¾ãÃÀ¦ã ÀÖñý his appointment in IOB as its Executive
ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãî¶¾ã Director.
ã¶¾ã ãä¶ãªñÍãã¦ãã Íãî¶¾ã
Other Directorships Nil
03 ¶ãã½ã Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã 03 Name Smt. Nupur Mitra

¾ããñØ¾ã¦ãã ºããèÔãÔããè, ÊãÊãºããè Qualification B.Sc., L.L.B.
ã¶ãì¼ãÌã ºãöãäãâØã ½ãò 34 ÌãÓããô ãã ã¶ãì¼ãÌã Öõý ãã¹ã¶ãñ ÌãÓãÃ 1975 Experience Having 34 years of experience in
½ãò ºãöã ããù¹ã ãä¥¡¾ãã ½ãò Ôããè£ããè ¼ã¦ããê ããä£ãããÀãè ãñ banking field. She joined Bank of India
in 1975 as Direct Recruit Officer. She
Â¹ã ½ãò ãã¾ãÃ¼ããÀ Ôãâ¼ããÊããý ãã¹ã¶ãñ Íããããããò ããõÀ
served in various capacities at Branches
ãâÞãÊã ãã¾ããÃÊã¾ã ½ãò ãäÌããä¼ã¸ã ¹ãªãò ¹ãÀ ãã¾ãÃ ãäã¾ãã Öõý and Zonal Offices. She moved over to
ÌãÓãÃ 2001 ãñ ½ã£¾ã ½ãò ãã¹ã Êãâª¶ã Íãããã ãñ ¹ãÆ½ãìã head London Branch in mid 2001 and
ãñ Â¹ã ½ãò ãäÌãªñÍã ØãÄ ããõÀ ºããª ½ãò ¾ãîÀãñ¹ã ãñ ¹ããäÀÞããÊã¶ããò thereafter she was Chief Executive of
ãñ ãäÊã ½ãì¾ã ãã¾ãÃ¹ããÊãã ãñ Â¹ã ½ãò ÀÖãéý Ìãã¹ãÔã Europe Operations. Back in India, she
¼ããÀ¦ã ãããÀ ãã¹ã ºãöã ãñ ½ãâìºãÃ ããõÀ Þãâ¡ãèØãü¤ ãâÞãÊããò headed the Mumbai and Chandigarh
ããè ¹ãÆ½ãìã ÀÖãéý ºãöã ããù¹ã âãä¡¾ãã ãñ ãã¹ããóÀñ Zones of the Bank. She was General
ãã¾ããÃÊã¾ã ½ãò ãã¹ã ½ãÖã ¹ãÆºãâ£ãã ãñ Â¹ã ½ãò ÀÖãé, ãÖãú Manager at the Corporate Office of Bank
ãã¹ã¶ãñ ãã ããñ ºããè ½ãò ãã¾ãÃ¹ããÊãã ãñ Â¹ã ½ãò ãä¶ã¾ãìã¦ã of India, in charge of Credit, SME, Retail
Banking (Deposit & Advances), Card
Öãñ¶ãñ ¦ãã £ããÀ, Ôã½ãÃ, ãäÀñÊã ºãöãäãâØã (ã½ãã Ìã
Products, Public Relations, Depository
ããäØãÆ½ã), ãã¡Ã ¦¹ããªãò, ã¶ã Ôãâ¹ããÃ, ãä¡¹ããùãäûãÀãè Services etc. until her appointment in
ÔãñÌããããò ãããäª ãã ãã¾ãÃ¼ããÀ Ôãâ¼ããÊããý IOB as its Executive Director.
ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãî¶¾ã Shareholding in IOB Nil
ã¶¾ã ãä¶ãªñÍãã¦ãã Íãî¶¾ã Other Directorships Nil
04 ¶ãã½ã ¡ãù. ãäÌã¶ããè¦ãã ãì½ããÀ 04 Name Dr. Vinita Kumar

¼ããÀ¦ã ÔãÀããÀ ããè ¶ãããä½ã¦ããè GoI Nominee
ãã¾ãì ããõÀ ã¶½ã-ãä¦ããä©ã Age and Date of Birth 55 years - 25.12.1954

55 ÌãÓãÃ - 25.12.1954
Qualification Ph.D, M.A.(Eco), Indian Economic
¾ããñØ¾ã¦ãã ¹ããèÞã.¡ãè, ½ã.. (ã©ãÃÍããÔ¨ã), ¼ããÀ¦ããè¾ã ãããä©ãÃã Service (1977)
ÔãñÌããú (1977)
Date of Appointment 10.06.2008
ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 10.06.2008 Date of expiry of the
Ìã¦ãÃ½ãã¶ã ãã¾ããÃÌããä£ã ããè Current term Until further orders from Govt.
Ôã½ãããä¹¦ã ããè ¦ããÀãèã ÔãÀããÀ Ôãñ ããØãñ ããªñÍã ãä½ãÊã¶ãñ ¦ãã Experience She is presently Economic Advisor,
Depar tment of Financial Services,
ã¶ãì¼ãÌã Ôã½¹ãÆãä¦ã ãã¹ã ¼ããÀ¦ã ÔãÀããÀ , ãäÌã¦¦ã ½ãâ¨ããÊã¾ã ãñ ãããä©ãÃã Ministry of Finance, GOI. She held the
ÔãñÌããú ãäÌã¼ããØã ½ãò ãããä©ãÃã ÔãÊããÖããÀ Ööý ãã¹ã Ìãããä¥ã¾ã position of Additional Economic
ãäÌã¼ããØã ½ãò ã¹ãÀ ãããä©ãÃã ÔãÊããÖããÀ ÀÖ Þãìããè Öõý Advisor, Dept. of Commerce. She has
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ãã¹ã ªãñ ¹ãìÔ¦ãããòñ ããè Êãñãäããã Öö - (1) ããñ¶ããùãä½ãã authored two books (1) Economic
ØãÆãñ©ã ¥¡ ÂÀÊã ¹ããùÌããê : ª ãä¥¡¾ã¶ã ãÔã¹ããèãäÀ¾ãâÔã Growth and Rural Poverty:The Indian
(1960-65) (2) Êããä¶ãÄØã î Íãñ¾ãÀ : ãÔã¹ããèãäÀ¾ãâÔãñÔã Experience (1960-65) and (2)
¥¡ ãäÀ¹ãÊãñãÍãâÔã ããù¶ã ¹ããèããÀ ¥¡ ã½¾ãîãä¶ããè Learning to Share: Experiences and
Reflections on PRA and Community
¹ãããäÃãäÔã¹ãñÍã¶ãý
Participation
05 ¶ãã½ã Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 05 Name Smt. Chitra Chandramouliswaran

¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ¶ãããä½ã¦ããè RBI Nominee
¾ããñØ¾ã¦ãã Qualification M.Sc., CAIIB.,

½ã .ÔãÔããè, Ôããèããããºããè
ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã Date of Appointment 27.02.2007
27.02.2007
Date of expiry of the
Ìã¦ãÃ½ãã¶ã ãã¾ããÃÌããä£ã ããè
Current term Until further orders from Govt.,
Ôã½ãããä¹¦ã ããè ¦ããÀãèã ÔãÀããÀ Ôãñ ããØãñ ããªñÍã ãã¶ãñ ¦ãã
Experience Joined RBI in 1967 and has worked in
ã¶ãì¼ãÌã ãã¹ã ÌãÓãÃ 1967 ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ½ãò ¼ã¦ããê ÖìÄ various capacities in IECD, DBOD and
ããõÀ ãã¹ã¶ãñ ãò³ãè¾ã ãã¾ããÃÊã¾ã, ½ãìâºãÃ ½ãò ããÔããè¡ãè, Foreign Exchange (Exchange Control)
¡ãèºããèããñ¡ãè ããõÀ ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã (ãäÌããä¶ã½ã¾ã ãä¶ã¾ãâ¨ã¥ã) Departments and RBIs Central Office
ãäÌã¼ããØããò ½ãò ãäÌããä¼ã¸ã ¹ãªãò ¹ãÀ ãã½ã ãäã¾ãã Öõý ãã¹ã ÌãÓãÃ in Mumbai. She retired as Chief General
2004 ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ½ãì¾ã ½ãÖã ¹ãÆºãâ£ãã Manager of Reserve Bank of India in
ãñ Â¹ã ½ãò ÔãñÌãããä¶ãÌãð¦¦ã ÖìÃ Öö ý 2004.

06 ¶ãã½ã Ñããè ¶ã.Ñããè£ãÀ¶ã 06 Name Shri N. Sridaran

ã½ãÃããÀ ãä¶ãªñÍãã Workmen Director
¾ããñØ¾ã¦ãã ÔãÔãÊãÔããè Qualification SSLC
ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 20-04-2007 Date of Appointment 20.04.2007
Ôã½ãããä¹¦ã ããè ¦ããÀãèã 19-04-2010 Current term 19.04.2010
ã¶ãì¼ãÌã 02-05-1972 ½ãò ºãöã ½ãò ¼ã¦ããê Öìý ããããñºããè ½ãò Experience Joined the Bank on 02.05.1972. Having
37 ÌãÓããô Ôãñ ããä£ãã ã¶ãì¼ãÌã Öõý ãã¹ã ããããñºããè ½ãò 37 years experience in IOB, he is at
present a special cadre assistant in IOB.
ãä¹ãÊãÖãÊã ãäÌãÍãñÓã ÔãÖã¾ãã ¹ãÆÌãØãÃ ½ãò Ööý
Shareholding in IOB 100 shares
ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã 100 Íãñ¾ãÀ
07 ¶ãã½ã Ñããè ãñ. ãã¶ãâª ãì½ããÀ 07 Name Shri K. Ananda Kumar

ããä£ãããÀãè ã½ãÃÞããÀãè ãä¶ãªñÍãã Officer Employee Director
¾ããñØ¾ã¦ãã ºããè.ããù½ã, .Ôããè.., Ôããèããããºããè Qualification B Com., A.C.A., CAIIB
26.03.2010 Date of Appointment 26.03. 2010

ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã
25.03.2013 ¦ãã ¾ãã ãã.ããñ.ºããè ãñ ããä£ãããÀãèè ãñ Â¹ã ½ãò Date of expiry of the 25.03.2013 or until he ceases to be an
Current term officer of IOB or until further orders.
Ôã½ãããä¹¦ã ããè ¦ããÀãèã ¶ããñ ãã¾ãÃããÊã ããè Ôã½ãããä¹¦ã ¦ãã ¾ãã ãØãÊãñ ããªñÍã ¦ãã
Experience Joined the Bank on 14.12.1981.
ã¶ãì¼ãÌã ºãöã ½ãò 14.12.1981 ããñ ¼ã¦ããê Öìý ãã.ããñ.ºããè
Possesses 28 years experience. At
½ãò 28 ÌãÓããô ãã ã¶ãì¼ãÌã Öõý ãã¹ã ãã.ããñ.ºããè ½ãò
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ÌããäÀÓ ¹ãÆºãâ£ãã ãñ ¹ãª ¹ãÀ Ööý present a Senior Manager in IOB.
ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã 2400 Shareholding in IOB 2400 shares
08 ¶ãã½ã Ñããè ºããè Ìããè ã¹¹ãã ÀãÌã 08 Name Shri B V Appa Rao
ãâÍããããäÊãã ØãõÀ ÔãÀããÀãè Part Time Non Official
¾ããñØ¾ã¦ãã ºããè.ãã½ã, ¹ãÔããè Qualification B.Com., FCA
ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 29 08 2008 Date of Appointment 29 08 2008
Ôã½ãããä¹¦ã ããè ¦ããÀãèã 28 08 2011 Current term 28 08 2011
ã¶ãì¼ãÌã 1980 ½ãò Ôã¶ãªãè ÊãñããããÀ ããè ¾ããñØ¾ã¦ãã ¹ãÆã¹¦ã ãÀ Ñããè Experience A qualified Chartered Accountant in
ºããè Ìããè ã¹¹ãã ÀãÌã ¶ãñ ¦ã¦ããÊã ãã¶£ãÆã ºãöã ½ãò ã 1980, Shri B V Appa Rao, joined Andhra
Bank as Officer and served for 6 years.
ããä£ãããÀãè ãñ Â¹ã ½ãò ÔãñÌãã ¹ãÆãÀâ¼ã ãÀãñ 6 ÌãÓãÃ ãã¾ãÃ
Leaving Andhra Bank, he joined M/s
ãäã¾ããý Ôããñ ¹ãÍÞãã¦ã ãã¹ã¶ãñ ãã¶£ãÆ ¹ãÆªñÍã ãñ ½ãñÔãÔãÃ The Andhra Sugars Limited of Andhra
ª ãã¶£ãÆã ÍãìØãÔãÃ ãäÊããä½ãñ¡ ããù¹ã ãã¶£ã ¹ãÆªñÍã ½ãò Pradesh in the Senior Management and
ÌããäÀÓ ¹ãÆºã¶£ã¶ã ½ãò 7 ÌãÓããô ¦ãã ÔãñÌãã ããèý Ìã¦ãÃ½ãã¶ã ½ãò served for 7 years. He is presently a
ãã¹ã ÌãÓãÃ 1994 ½ãò ØãìâîÀ ½ãò ¹ãÆãÀâ¼ã ½ãñÔãÔãÃ ºããè Ìããè Senior Par tner in M/s. B V Rao
ÀãÌã ãÔããñãäÍã¾ãñáÔã, ÞããÃ¡Ã ããâòÔãá ½ãò ÌããäÀÓ Associates, Chartered Accountants,
Ôãã¢ãñªãÀ Öõý Guntur started in the year 1994.
09 ¶ãã½ã Ñããè ÔãîÀã ã¨ããè 09 Name Shri Sooraj Khatri

ãâÍããããäÊãã, ØãõÀ ÔãÀããÀãè Part Time Non Official
ãã¾ãì ããõÀ ã¶½ã-ãä¦ããä©ã 54 ÌãÓãÃ - 06.08.1955 Age and Date of Birth 54 years 06.08.1955
ºããèÔãÔããè, ÊãÊãºããè, Ñã½ã ãäÌããä£ã ½ãò ãä¡¹Êããñ½ãã Qualification B.Sc., L.L.B., Dip. In Labour Law
¾ããñØ¾ã¦ãã

ã¶ãì¼ãÌã ÀããÔ©ãã¶ã ÞÞã ¶¾ãã¾ããÊã¾ã ½ãò ãäÌããä£ã Ôãñ Ôãâºãâãä£ã¦ã ¡Ìããñ Experience Practicing legal profession as an
Advocate in Rajasthan High Court. He
Ööý ãã¹ã ã ¹ã¨ãããÀ, Ôãâ¹ããªã ããõÀ ¹ãÆããÍãã ¼ããè
is also a Journalist, Editor and Publisher.
Öö ý
ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãî¶¾ã
ã¶¾ã ãä¶ãªñãäÍãã¦ãã Íãî¶¾ã
10 ¶ãã½ã Ñããè ãÍããñã ãì½ããÀ ¼ããØãÃÌã 10 Name Shri Ashok Kumar Bhargava
ãã¾ãì ããõÀ ã¶½ã-ãä¦ããä©ã 66 ÌãÓãÃ - 10-5-1943 Age and Date of Birth 66 years - 10.05.1943
¾ããñØ¾ã¦ãã ºããè .ããù½ã, ÊãÊãºããè, Ôããèããããºããè Qualification B.Com, L L B., CAIIB
ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 08 12 2008 Date of Appointment 08.12.2008

Ôã½ãããä¹¦ã ããè ¦ããÀãèã 07 12 2011 Current term 07.12.2011
Experience Retired as General Manager of Punjab
ã¶ãì¼ãÌã ¹ãâããºã ¶ãñÍã¶ãÊã ºãöã ãñ ½ãÖã ¹ãÆºãâ£ãã ãñ Â¹ã ½ãò
National Bank. A professional banker
ÔãñÌãããä¶ãÌãð¦¦ã Öìý 40 ÌãÓããô ãã ã¶ãì¼ãÌã Àã¶ãñ ÌããÊãñ
with 40 years of experience. He is at
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Ì¾ããÌãÔãããä¾ãã ºãöãÀý Ìã¦ãÃ½ãã¶ã ½ãò ¹ãÆºãâ£ã¶ã ããõÀ ãäÌã¦¦ããè¾ã present a Management and Financial
ÔãÊããÖããÀ Ööý Consultant.
Shareholding in IOB 500 shares
ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã 500 Íãñ¾ãÀ
Other Directorships SMS Power Generation Limited
ã¶¾ã ãä¶ãªñÍãã¦ãã Ôã½ãÔã ¹ããÌãÀ ã¶ãÀñÍã¶ã ãäÊããä½ãñ¡
Delhi Assam Roadways Corporation
ãäªÊÊããè ãÔã½ã Àãñ¡Ìãñûã ãã¹ããóÀñÍã¶ã ãäÊããä½ãñ¡ Limited
ÈãâÔãÀõÊã ÊãããäããäÔãÔã ãäÊããä½ãñ¡ Transrail Logistics Limited
11 ¶ãã½ã ¡ãù. ãäÞãÀâããèºã Ôãñ¶ã 11 Name Dr. Chiranjib Sen

ãã¾ãì ããõÀ ã¶½ã-ãä¦ããä©ã 63 ÌãÓãÃ - 29 09 1946 Age and Date of Birth 63 years - 29.09.1946
¾ããñØ¾ã¦ãã ½ã (ã©ãÃÍããÔ¨ã), ¹ããèÞã.¡ãè Qualification M.A(Econ), Ph D
Ôã½ãããä¹¦ã ããè ¦ããÀãèã 07 12 2011 Current term 07.12.2011
ã¶ãì¼ãÌã ãä¥¡¾ã¶ã âÔãè¿ãî ããù¹ã ½ãñ¶ãñã½ãñ¥, ºãöØãÊãîÀ ½ãò Experience Professor of Economics in the Indian
ããñ¶ããñãä½ããÔã ãñ ¹ãÆãñ¹ãñÔãÀ Öö ããõÀ ¼ããÀ¦ã ããõÀ ãäÌãªñÍã Institute of Management, Bangalore and
½ãò ÊãØã¼ãØã 13 ãäÌãÍÌããäÌã²ããÊã¾ããò ½ãò ããä¦ããä©ã ¹ãÆãñ¹ãñÔãÀ a visiting Professor of about 13
universities in India and abroad.
Öö ý
150 Shareholding in IOB 150 shares
ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã
ãì³ñ½ãìã ãã¾ã¥ãÃ ããñÀ ãâ¹ã¶ããè ãäÊã. Other Directorships Kudremukh Iron Ore Company Limited
ã¶¾ã ãä¶ãªñÍãã¦ãã
12 ¶ãã½ã Ñããè ÌãñÊÊã¾ã¶ã 12 Name SHRI A VELLAYAN

ãã¾ãì ããõÀ ã¶½ã-ãä¦ããä©ã 56 ÌãÓãÃ - 09 01 1953 Age and Date of Birth 56 years - 09.01.1953
¾ããñØ¾ã¦ãã ºããè .ããù½ã, ¾ãî.ãñ ãñ ÌãããäÌãÃã ãäºãã¶ãñÔã ÔãîÊã Qualification B.Com, Masters in Business Studies,
ãäÌãÍÌããäÌã²ããÊã¾ã Ôãññ ãäºãã¶ãñÔã Ô¡ãèÔã ½ãò Ô¶ãã¦ãããñ¦¦ãÀ University of Warwick Business School,
ãäã¾ããý UK

Date of expiry of the
Current term 07.12.2011
Ôã½ãããä¹¦ã ããè ¦ããÀãèã 07 12 2011
Experience A Management graduate from the
ã¶ãì¼ãÌã ¾ãî.ãñ ½ãò ÌãããäÌãÃã ãäºãã¶ãñÔã ÔãîÊã ãäÌãÍÌããäÌã²ããÊã¾ã University of Warwick Business School
Ôãñ ¹ãÆºã¶£ã¶ã Ô¶ãã¦ãã ããõÀ ºããä½ãÄØãÖã½ã, ¾ãî.ãñ ãñ in UK and a diploma holder in Industrial
Ô¶ã ãäÌãÍÌããäÌã²ããÊã¾ã Ôãñ ããõ²ããñãäØãã ¹ãÆÍããÔã¶ã Administration from the University of
½ãò ãä¡¹Êããñ½ãã ¹ãã¾ããèý ãã¹ã ½ãìÁØã¹¹ãã ØãÆì¹ã Ôãñ ãì¡ñ Aston, Birmingham, UK. He is
Öö ããñ ã ãäºãã¶ãñÔã ÔãâØã¶ã Öõ ¦ã©ãã Ôããã ¹ãÆ£ãã¶ã associated with the Murugappa group,
ãã¾ããÃ Ê ã¾ã Þãñ ¸ ãõ ½ãò Öõ ý Ôã Ôã½ãî Ö ãã ¹ãÆ ½ ãì ã a business conglomerate
ãã¾ãÃ à ãñ ¨ ã ããÀãñ º ããÀ ãñ ãä Ì ããä ¼ ã¸ã àãñ ¨ ã ãõ Ô ãñ headquar tered in Chennai, with
âããèãä¶ã¾ããäÀâØã, ãºãÆñãäÔãÌÔã, ãäÌã¦¦ã, Ôãã½ãã¶¾ã ºããè½ãã, interests in diverse areas of business
including Engineering, Abrasives,
Ôãããä ãÊÔã, Íãì Ø ãÀ, ¹ãã½ãÃ ¶¹ãì á Ô ã, ÌãÃ À ã,
Finance, General Insurance, Cycles,
ÌãðàããÀãñ¹ã¥ã, ãõÌã ¦¹ããª ããõÀ ¶¾ãîÈãÔ¾ãîãäãÊÔã Sugar, Farm Inputs, Fer tilizers,
Öõ ý Ñããè Ìãñ Ê Êã¾ã¶ã Ã ããÃ ¡ ãè ¹ãõ À ãè (ãä ¥ ¡¾ãã) Plantations, Bio-products and
ãä Ê ããä ½ ãñ ¡ ããõ À ããñ À ½ãâ ¡ Êã ¹ããä Ã Ê ãããÔãÃ Nutraceuticals. Shri Vellayan is the
ãäÊããä½ãñ¡ ¶ãã½ãã ªãñ ÔããÌãÃããä¶ãã àãñ¨ã ããè ãâ¹ããä¶ã¾ããò Chairman of two Public Limited
ãñ ã£¾ãàã Öö ý Ôããñ ãÊããÌãã ãã¹ã ã¶ãñã Companies viz. EID Parry (India)
¹ãÆãä¦ããäÓ¦ã ÔããÌãÃããä¶ãã ãäÊããä½ãñ¡ ãâ¹ããä¶ã¾ããò ãñ Limited and Coromandel International
½ãâ¡Êã ½ãò ¼ããè ãã¾ãÃÀ¦ã Ööý Limited and is also on the Board of
several reputed Public Limited
companies.
65
Ñããè ÌãñÊÊã¾ã¶ã ªãäàã¥ã ¼ããÀ¦ããè¾ã Þãõ½ºãÀ ããù¹ã ãã½ãÔãÃ Shri Vellayan is the President for
ããõÀ â¡ÔÈãè ãñ ã£¾ãàã Öö ý ãã¹ã ãä¹ããããè, Southern Indian Chamber of
ãäªÊÊããè Ìãâ ¹ããêÊããûãÀ ÔããñãäÔãÍã¶ã ããù¹ã Commerce & Industry and a member
âãä¡¾ãã ãñ ãã¾ãÃ¹ããÊãã Ôããä½ããä¦ã ãñ ÔãªÔ¾ã Öõâý of the Executive Committee of FICCI,
Delhi and The Fertiliser Association of
India.
ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã 100 Íãñ¾ãÀ Shareholding in IOB 100 shares
ã¶¾ã ãä¶ãªñÍãã¦ãã ÃããÃ¡ãè ¹ãõÀãè (ãä¥¡¾ãã) ãäÊããä½ãñ¡ Other Directorships EID Parry (India) Limited
ããñÀ½ãâ¡Êã âÀ¶ãñÍãÊã¶ã ãäÊã. Coromandel International Limited
Cholamandalam MS General Insurance
ÞããñÊã½ãâ¡Êã½ã ½ã Ôã ã¶ãÀÊã âÍ¾ãîÀòÔã ãâ¹ã¶ããè ãäÊããä½ãñ¡
Co. Ltd.
ã¶ããñãäÀ¾ãã ãõãä½ããÊÔã ¥¡ â¡ÔÈãèã ãäÊããä½ãñ¡ Kanoria Chemicals & Industries Limited
ãä¥¡¾ã¶ã ¹ããññãÍã ãäÊããä½ãñ¡ Indian Potash Limited
Àãñãã ºãã©ãÂ½ã ¹ãÆãñ¡ñãáÔã ¹ãÆãÌãñ ãäÊã. Roca Bathroom Products Private
Limited
ãäÔãÊãÀãñ¡ ÍãìØãÀ ¹ãÆãÌãñ ãäÊããä½ãñ¡
Silkroad Sugar Private Limited
¹ãõÀãè ¶¹ãÆãÔÈãÞãÀ ãâ¹ã¶ããè ¹ãÆãÌãñ ãäÊããä½ãñ¡ Parry Infrastructure Company Private
ãä¶ããä½ã¦ãã ÔããñÊ¾ãîÍã¶Ôã ¹ãÆãÌãñ ãäÊããä½ãñ¡ Limited
Nimita Solutions Private Limited
¹ããñÔãÀ ¹ãÆãÌãñ ãäÊããä½ãñ¡, ããñÖ¸ãñÔãºãØãÃ, ªãäàã¥ã
ããä¹ãÆãã Foskor Private Limited, Johannesburg,
South Africa
Ôããè¹ãÊã ½ããõãäÀÍãÔã ãäÊããä½ãñ¡
CFL Mauritius Limited
¹ãõÀãè ã½ãñãäÀãã âã., ¾ãîÔã Parry America Inc. USA
66
¦ããÀ /Telegram : INDOSEAS
ñÊããè¹ããñ¶ã/Telephone : 28519491, 28415702
Ã-½ãñÊã/E-Mail : [email protected]
¹ãõãÔã/Fax : 044-28523372/28585675
ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã

Indian Overseas Bank
ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã, ¹ããñ.ºããù. ¶ãâ.3765, 763, ã¥¥ãã ÔããÊãõ, Þãñ¶¶ãõ 600 002
Central Office: P.B.No.: 3765, 763, Anna Salai, Chennai 600 002
Üããñ Ó ã¥ãã DECLARATION
This is to confirm that the Bank has laid down

Ôã ºãã¦ã ããè ¹ãìãäÓ ããè ãã¦ããè Öõ ãäã ºãöã ¶ãñ ½ãâ¡Êã ãñ
a Code of Conduct for all the Board Members
Ôã¼ããè ÔãªÔ¾ããò ããõÀ ºãöã ãñ ÌããäÀÓ ¹ãÆºãâ£ã¶ã (¾ãã¶ããè ½ãÖã
and Senior Management (ie. General
¹ãÆºãâ£ãããò) ãñ ãäÊã ããÞããÀ ÔãâãäÖ¦ãã ãä¶ã£ããÃãäÀ¦ã ããè Öõ ããõÀ Managers) of the Bank and the said code is
Ôãñ ºãöã ãñ ÌãñºãÔãã ¹ãÀ ¡ãÊã ãäª¾ãã Øã¾ãã Öõ ý ½ãâ¡Êã posted on the website of the Bank. The Board
ãñ ÔãªÔ¾ããò ããõÀ ÌããäÀÓ ¹ãÆºãâ£ã¶ã ¶ãñ ããÞããÀ ÔãâãäÖ¦ãã ãã Members and Senior Management have
ã¶ãì¹ããÊã¶ã ãÀ¶ãñ ããè ¹ãìãäÓ ããè Öõ ý affirmed compliance with the Code of Conduct.
ãð¦ãñ ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã For Indian Overseas Bank
(Ôã.. ¼ã) (
S. A. Bhat )
67
29 ã¹ãÆ õ Ê ã 2010 29th April 2010
ãä ¶ ãªñ Í ãã ½ãâ ¡ Êã THE BOARD OF DIRECTORS
ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã INDIAN OVERSEAS BANK
31 03 2010 ããñ Ôã½ãã¹¦ã 12 ½ãÖãè¶ããò ãñ ãäÊã ºãöã ãñ ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ã Financial Statements of the Bank for the 12 months ended
31.03.2010-Clause 49-V of the Listing Agreement with
Ôãù ã ã Ô Þãò ããò ãñ Ôãã©ã Ôãî Þ ããè º ã® ãÀãÀ ãã ã¥¡ 49-V Ôããè Ã ããñ the Stock Exchanges - CEO/CFO Certification
Ôããè¹ãããñ ãã ¹ãÆ½ãã¥ããèãÀ¥ã
In terms of Clause 49 of the Listing Agreement, we certify
ÔãîÞããèºã® ãÀãÀ ãñ ã¥¡ 49 ãñ ã¶ãìÔããÀ Ö½ã ¹ãÆ½ãããä¥ã¦ã ãÀ¦ãñ Öö ãäã: that:
ã Ö½ããÀãè ãã¶ãããÀãè ããõÀ ãäÌãÍÌããÔã ãñ ã¶ãìÔããÀ Ö½ã¶ãñ ã¦ã ÌãÓãÃ ãñ a. We have reviewed financial statements and the cash
ãäÊã ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ããò ããõÀ ¶ããª ¹ãÆÌããÖ ãäÌãÌãÀ¥ã ããè Ôã½ããèàãã flow statement for the year and to the best of our
knowledge and belief :
ããè Öõ :
i. These statements do not contain any materially
i. ¶ã ãäÌãÌãÀ¥ããò ½ãò ããñÃ ¼ããè ãäÌãÌãÀ¥ã ãäÌãÓã¾ã ããè ÒãäÓ Ôãñ ØãÊã¦ã untrue statement or omit any material fact or
¶ãÖãé Öõ ¾ãã ¶ã½ãò ããñÃ ¼ããè ¦ã©¾ã ãñü¡ã ¶ãÖãé Øã¾ãã Öõ ¾ãã ¼ãÆ½ã contain statements that might be misleading;
¹ãõªã ãÀ¶ãñÌããÊãñ º¾ããñÀñ Íãããä½ãÊã ¶ãÖãé Öö ;
ii. These statements together present a true and
ii. ¾ãñ Ôã¼ããè ãäÌãÌãÀ¥ã ºãöã ãñ ãäã¾ãããÊãã¹ããò ¹ãÀ Ôã¦¾ã ããõÀ ÔãÖãè fair view of the Banks affairs and are in
ãäÔ©ããä¦ã ¹ãÆÔ¦ãì¦ã ãÀ¦ãñ Öö ããõÀ ¾ãñ Ìã¦ãÃ½ãã¶ã ÊãñãããÀ¥ã ½ãã¶ãããò, compliance with existing accounting standards,
¹ãÆ¼ããÌããè ãã¶ãî¶ããò ããõÀ ãäÌããä¶ã¾ã½ããò ãñ ã¶ãìÔããÀ Öö ý applicable laws and regulations.
b. There are, to the best of our knowledge and belief,
ã Ö½ããÀãè ãã¶ãããÀãè Ìãâ ãäÌãÍÌããÔã ãñ ã¶ãìÔããÀ ºãöã ¶ãñ ÌãÓãÃ ãñ ªãõÀã¶ã no transactions entered into by the Bank during
ñÔãñ ããñÃ Êãñ¶ãªñ¶ã ¶ãÖãé ãäã Öö ããñ £ããñãã¹ãî¥ãÃ, ØãõÀãã¶ãî¶ããè Öãò ¾ãã the year which are fraudulent, illegal or violative of
ºãöã ããè ããÞããÀ ÔãâãäÖ¦ãã ãã ÊÊãâÜã¶ã ãÀ¦ãñ Öãò ý the Banks Code of Conduct.
Øã Ö½ã ãäÌã¦¦ããè¾ã ãäÀ¹ããñãäÄØã ãñ ãäÊã ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ã Ô©ãããä¹ã¦ã ãÀ¶ãñ c. We accept responsibility for establishing and
ããõ À ºã¶ãã Àã¶ãñ ããè ãä ã½½ãñ ª ãÀãè Êãñ ¦ ãñ Öö ¦ã©ãã Ö½ã¶ãñ ãä Ì ã¦¦ããè ¾ ã maintaining internal controls for financial reporting
ãäÀ¹ããñãäÄØã Ôãñ Ôãâºãâãä£ã¦ã ºãöã ããè ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ã ¹ãÆ¥ããÊããè ããè and that we have evaluated the effectiveness of
¹ãÆ¼ããÌããããäÀ¦ãã ãã ½ãîÊ¾ããâã¶ã ãäã¾ãã Öõ ããõÀ ¶ã ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ããò internal control systems of the Bank pertaining to
financial reporting and we have disclosed to the
ããè ÀÞã¶ãã ¾ãã ¹ããä À ÞããÊã¶ã ½ãò ¾ããä ª ããñ Ã ããä ½ ã¾ããâ Öãò , ãä ãÔãããè auditors and the Audit Committee, deficiencies in
ãã¶ãããÀãè Ö½ãò Öõ ããõÀ ¶Öò Ôãì£ããÀ¶ãñ ãñ Ôãâºãâ£ã ½ãò Ö½ããÀñ ´ãÀã ãäã the design or operation of such internal controls, if
Øã ¹ãã¾ããò ¾ãã ¹ãÆÔ¦ãããäÌã¦ã ¹ãã¾ããò ããè ãã¶ãããÀãè Ö½ã¶ãñ Êãñãã¹ãÀãèàãããò any, of which we are aware and the steps we have
ããõÀ Êãñãã¹ãÀãèàãã Ôããä½ããä¦ã ããñ ªãè Öõ ý taken or propose to take to rectify these deficiencies.
Üã Ö½ã¶ãñ Êãñãã¹ãÀãèàãããò ããõÀ Êãñãã¹ãÀãèàãã Ôããä½ããä¦ã ããñ ãä¶ã½¶ããäÊããäã¦ã d. We have indicated to the auditors and the Audit
ãã¶ãããÀãè ªãè Öõ : Committee
i ÌãÓãÃ ãñ ªãõÀã¶ã ãäÌã¦¦ããè¾ã ãäÀ¹ããñãäÄØã ¹ãÀ ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ã ½ãò i. Significant changes in internal control over
financial reporting during the year;
½ãÖ¦Ìã¹ãî¥ãÃ ¹ããäÀÌã¦ãÃ¶ã ãäã¾ãã ãã¶ãã,
ii. Significant changes in accounting policies during
ii ÌãÓãÃ ãñ ªãõÀã¶ã ÊãñãããÀ¥ã ¶ããèãä¦ã¾ããò ½ãò Öì ½ãÖ¦Ìã¹ãî¥ãÃ ¹ããäÀÌã¦ãÃ¶ã the year and the same have been disclosed in
ããõÀ ¶Öò ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ã ãñ ¶ããñáÔã ½ãò ¹ãÆã ãäã¾ãã Øã¾ãã the notes to the financial statements; and
ããõ À
iii. Instances of significant fraud of which we have
iii ½ãÖ¦Ìã¹ãî ¥ ãÃ £ããñ ãã£ããä ü ¡ ¾ããò ããè ñ Ô ããè Üã¶ããâ ãä ã¶ãããè Ö½ãò become aware and the involvement therein, if
ãã¶ãããÀãè Öõ ããõ À ãä ã¶ã½ãò ¹ãÆ º ãâ £ ã¶ã ¾ãã ã½ãÃ Þ ããÀãè ¾ããä ª ããñ Ã any, of the management or an employee having
Íãããä ½ ãÊã Öõ ããñ ãä Ì ã¦¦ããè ¾ ã ãä À ¹ããñ ã ä Ä Ø ã ¹ãÀ ºãö ã ããè ãã¶¦ããä À ã a significant role in the Banks internal control
system over financial reporting.
ãä¶ã¾ãâ¨ã¥ã ¹ãÆ¥ããÊããè ½ãò ½ãÖ¦Ìã¹ãî¥ãÃ ¼ãîãä½ããã ãä¶ã¼ãã¦ãã Öõý
(ºããè.Ôã.ãñÍãÌã½ãîãä¦ãÃ ) (Ôã. .¼ã) (B.S. KESHAVA MURTHY) (S.A. BHAT)

½ãÖã ¹ãÆºãâ£ãã Ìãâ Ôããè¹ãããñ ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã General Manager & CFO Chairman & Managing Director
68
ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ Êãñãã AUDITORS CERTIFICATE
ON CORPORATE GOVERNANCE
¹ãÀãèàãããò ãã ¹ãÆ½ãã¥ã-¹ã¨ã
To the Shareholders of
Þãñ¸ãõ ãñ Íãñ¾ãÀ£ããÀããñâ ããñ Chennai
We have examined the compliance of conditions
Ö½ã¶ãñ 31.03.2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ ãäÊã ãä¥¡¾ã¶ã ããñÌãÀÔããèûã of Corporate Governance by Indian Overseas
ºãöã, Þãñ¸ãõ ´ãÀã ãã¹ããóÀñ ØããÌã¶ãó¶Ôã ããè Íã¦ããô ãñ ã¶ãì¹ããÊã¶ã ãã ¹ãÀãèàã¥ã Bank, Chennai for the year ended 31.03.2010,
ãäã¾ãã ãõÔãã ãäã Ôãùã ãÔãÞãòã / ãÔãÞãòããò ãñ Ôãã©ã ãä¥¡¾ã¶ã ããÌãñÀÔããèûã as stipulated in clause 49 of the Listing Agreement
of Indian Overseas Bank with stock exchange(s).
ºãöã ãñ ÔãîÞããèºã® ãÀãÀ ãñ ã¥¡ 49 ½ãò ãä¶ã£ããÃãäÀ¦ã ãäã¾ãã Øã¾ãã Öõý
The compliance of conditions of Corporate
ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ããè Íã¦ããô ãã ã¶ãì¹ããÊã¶ã ¹ãÆºãâ£ã¶ã ããè ãäã½½ãñªãÀãè Öõý Governance is the responsibility of the
management. Our examination was limited to
Ö½ããÀã ¹ãÀãèàã¥ã ãã¹ããóÀñ ¹ãÆºãâ£ã¶ã ããè Íã¦ããô ãñ ã¶ãì¹ããÊã¶ã ããñ Ôãìãä¶ããäÍÞã¦ã procedures and implementation thereof, adopted
ãÀ¶ãñ ãñ ãäÊã ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ´ãÀã ã¹ã¶ããÃ ØãÃ ¹ãÆãäã¾ããããò by Indian Overseas Bank for ensuring the
ããõÀ ¶ããñ ãã¾ããÃ¶Ìã¾ã¶ã ¦ãã Ôããèãä½ã¦ã ©ããý ¾ãÖ ¶ã ¦ããñ Êãñãã ¹ãÀãèàãã Öõ ¶ã compliance of the conditions of Corporate
Governance. It is neither an audit nor an
Öãè ¾ãÖ ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ããò ¹ãÀ ããä¼ã½ã¦ã expression of opinion on the financial statements
Ì¾ãã¦ã ãÀ¦ãã Öõý of Indian Overseas Bank.
On the basis of records and documents
ºãöã ´ãÀã Àãò Øã ãäÀãã¡ãô ããõÀ ªÔ¦ããÌãñããò Ìãâ Ö½ãò ªãè ØãÃ ÔãîÞã¶ãã maintained by the Bank, the information provided
ããõÀ ãäª Øã Ô¹ãÓãèãÀ¥ã ãñ ãã£ããÀ ¹ãÀ, Ö½ã ¹ãÆ½ãããä¥ã¦ã ãÀ¦ãñ Öö ãäã to us and according to the explanations given
ºãöã ´ãÀã ã¦ã ÔãîÞããèºã® ãÀãÀ ½ãò ãä¶ã£ããÃãäÀ¦ã ãã¹ããóÀñ ØããÌã¶ãó¶Ôã Ôãâºãâ£ããè to us, we certify that the Bank has complied
Íã¦ããô ãã ã¶ãì¹ããÊã¶ã ãäã¾ãã Øã¾ãã Öõý with the conditions of Corporate Governance as
stipulated in the above mentioned Listing
Agreement.
Ö½ã ÔãîãäÞã¦ã ãÀ¦ãñ Öö ãäã ÀãäãÔÈãÀ ããõÀ Íãñ¾ãÀ ãâ¦ãÀ¥ã ãñ¶ãò ´ãÀã Àãñ
Øã ãäÀãã¡ãô ãñ ã¶ãìÔããÀ ºãöã ãñ ãäÌãÁ® ãäãÔããè ¼ããè ãä¶ãÌãñÍãã ããè ããñÃ We state that no investor grievance is pending
for a period exceeding one month against the
¼ããè ãäÍããã¾ã¦ã ã ½ãÖãè¶ãñ Ôãñ ¾ããªã ãÌããä£ã ãñ ãäÊã Êãâãäºã¦ã ¶ãÖãé Öõý Bank as per the records maintained by the
Registrar and Share Transfer Agent.
ããØãñ Ö½ã ÔãîãäÞã¦ã ãÀ¶ãã ÞããÖ¦ãñ Öö ãäã ñÔãã ã¶ãì¹ããÊã¶ã ¶ã ¦ããñ ºãöã ããè
We further state that such compliance is neither
¼ããÌããè Ì¾ãÌãÖã¾ãÃ¦ãã ãã ããÍÌããÔã¶ã Öõ ¶ã Öãè ¹ãÆºãâ£ã¶ã ããè ªàã¦ãã ¾ãã an assurance as to the future viability of the Bank
¹ãÆ¼ããÌãã¦½ãã¦ãã ãã, ãäãÔãÔãñ ãäã ¹ãÆºãâ£ã¶ã ¶ãñ ºãöã ãñ ãã¾ãÃãÊãã¹ã Ôãâ¹ã¸ã nor the efficiency or effectiveness with which the
ãäã Ööý management has conducted the affairs of the
Bank.
ãð¦ãñ ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ. ãð¦ãñ Ìã½ããÃ ñ¥¡ Ìã½ããÃ ãð¦ãñ ¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ôãâ¦ãã¶ã½ã For Om Agarwal & Co For Varma & Varma For PKF Sridhar & Santhanam
Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Chartered Accountants Chartered Accountants Chartered Accountants
(ãñ.Ôããè.Øãì¹¦ãã) (ãñ.½ã.Ôãìãì½ããÀ¶ã) (ãè.Ìããè.ºããÊãÔãìºãÆ½ããä¥ã¾ã¶ã) (K. C. Gupta) (K. M. Sukumaran) (T.V. Balasubramanian)
Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ Partner Partner Partner
Ôã.Ôãâ . 072936 Ôã.Ôãâ . 015707 Ôã.Ôãâ . 027251 M.No. 072936 M.No. 015707 M.No. 027251
¹ãããÀ¶ã Ôãâ . 000971Ôããè ¹ãããÀ¶ã Ôãâ . 004532Ôã ¹ãããÀ¶ã 003990Ôã FRN 000971C FRN 004532S FRN 003990S
ãð¦ãñ ¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã ãð¦ãñ ½ã. ¼ããÔãÀ ÀãÌã ñ¥¡ ãâ. Ôã ãð¦ãñ ãä½ã¦¦ãÊã Øãì¹¦ãã ñ¥¡ ãâ. For Bhaskaran & Ramesh For M. Bhaskara Rao & Co For Mittal Gupta & Co
(ãñ.ÀâØãÀãã¶ã) (ãñ.ããÀ.À¦¶ã½ã) (ºããè.Êã.Øãì¹¦ãã) (J. Rangharajan) (K. R. Ratnam) (B. L. Gupta)
Ôã.Ôãâ . 024327 Ôã.Ôãâ . 002316 Ôã.Ôãâ . 073794 M.No. 24327 M.No. 002316 M.No. 073794
¹ãããÀ¶ã 000462Ôã ¹ãããÀ¶ã 000459Ôã ¹ãããÀ¶ã 001874Ôããè FRN 000462S FRN 000459S FRN 001874C
Ô©ãã¶ã : Þãñ¸ãõ Place: Chennai

ãä ª ¶ããâ ã: 29.04.2010 Date: 29.04.2010
69
31.3.2010 ããè ãäÔ©ããä¦ã ãñ ã¶ãìÔããÀ ¦ãìÊã¶ã-¹ã¨ã
BALANCE SHEET AS AT 31.03.2010 (Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîãäÞã¾ããú 31.03.2010 31.03.2009

SCHEDULES 31.03.2010 31.03.2009
ªñ¾ã¦ããú LIABILITIES
¹ãîúããè Capital 01 544 80 00 544 80 00
ããÀãäàããä¦ã¾ããú ããõÀ ããä£ãÍãñÓã Reserves and Surplus 02 6979 78 31 6606 16 33
ã½ãã ÀããäÍã¾ããú Deposits 03 110794 71 10 100115 88 96
£ããÀ Borrowings 04 8982 20 19 10494 58 24
ã¶¾ã ªñ¾ã¦ããúú Ìã ¹ãÆãÌã£ãã¶ã Other Liabilities & Provisions 05 3794 89 98 3311 96 34
ããñ ü ¡ TOTAL 131096 39 58 121073 39 87
ãããäÔ¦ã¾ããú ASSETS
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ¾ãÖãú ¶ããªãè Cash & Balances with
ããõÀ ããä¦ãÍãñÓã Reserve Bank of India 06 7666 44 72 5940 44 42
ºãöããò ½ãò ããä¦ãÍãñÓã ããõÀ ½ããúØã ¹ãÀ ¦ã©ãã Balances with Banks
ãÊ¹ã ÔãîÞã¶ãã ¹ãÀ ¹ãÆã¹¦ã £ã¶ã and Money at Call and Short Notice 07 2158 19 35 4981 45 75
ãäÌããä¶ã£ãã¶ã Investments 08 37650 56 27 31215 43 87
ããäØãÆ½ã Advances 09 79003 92 57 74885 27 26
ãäÔ©ãÀ ãããäÔ¦ã¾ããú Fixed Assets 10 1699 56 55 1709 85 96
ã¶¾ã ãããäÔ¦ã¾ããú Other Assets 11 2917 70 12 2340 92 61
ããñ ü ¡ TOTAL 131096 39 58 121073 39 87
Ôã½ãããäÑã¦ã ªñ¾ã¦ããú Contingent Liabilities 12 39340 50 50 38379 26 22

ÔãâØãÆÖ¥ã ãñ ãäÊã ãäºãÊã Bills for Collection 3205 14 84 3505 07 48
½ãîÊã ÊãñãããÀ¥ã ¶ããèãä¦ã¾ããú Significant Accounting Policies 17
Êãñããò ¹ãÀ ãä¹¹ããä¥ã¾ããú Notes on Accounts 18
ã¶ãìÔãîãäÞã¾ããú ¦ãìÊã¶ã-¹ã¨ã ãã ã ããä¼ã¸ã ãâØã Öõ ý Schedules Form Part of the Balance Sheet
Ôã..¼ã S. A. BHAT
ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã Chairman & Managing Director
¶ãî¹ãìÀ ãä½ã¨ãã NUPUR MITRA
ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã Executive Director Ôã½ã ãä¦ããä©ã ããè Ö½ããÀãè ãäÀ¹ããñÃ ãñ ûããäÀ
VIDE OUR REPORT OF EVEN DATE
ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã Chitra Chandramouliswaran ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ. OM AGARWAL & CO ¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã BHASKARAN & RAMESH
ãñ. ãã¶ãâª ãì½ããÀ K. Ananda Kumar ãñ.Ôããè. Øãì¹¦ãã K.C. GUPTA ãñ ÀâØãÀãã¶ã J.RANGHARAJAN
ºããè.Ìããè.ã¹¹ãã ÀãÌã B.V. Appa Rao Ôãã¢ãñªãÀ Partner Ôãã¢ãñªãÀ Partner
ÔãîÀã ã¨ããè Sooraj Khatri Ôã.Ôãâ.072936 M.No. 072936 Ôã.Ôãâ.024327 M.No. 024327
.ãñ.¼ããØãÃÌã A.K. Bhargava
¹ãããÀ¶ã 000971Ôããè FRN 000971C ¹ãããÀ¶ã 000462Ôã FRN 000462S
.ÌãñÊÊã¾ã¶ã A. Vellayan Ìã½ããÃ ñ¥¡ Ìã½ããÃ VARMA & VARMA ½ã. ¼ããÔãÀ ÀãÌã ñ¥¡ ãâ. M. BHASKARA RAO & CO
ãñ.½ã.Ôãìãì½ããÀ¶ã KM SUKUMARAN ãñ.ããÀ.À¦¶ã½ã K.R. RATNAM
Ôãã¢ãñªãÀ Partner Ôãã¢ãñªãÀ Partner
Ôã.Ôãâ.015707 M.No. 015707 Ôã.Ôãâ.002316 M.No. 002316
¹ãããÀ¶ã 004532Ôã FRN 004532S ¹ãããÀ¶ã 000459Ôã FRN 000459S
ãä¶ãªñÍããØã¥ã DIRECTORS
¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ôã¶¦ãã¶ã½ã PKF SRIDHAR & SANTHANAM ãä½ã¦¦ãÊã Øãì¹¦ãã ñ¥¡ ãâ. MITTAL GUPTA & CO
ãè.Ìããè.ºããÊãÔãìºãÆ½ããä¥ã¾ã¶ã T.V. BALASUBRAMANIAN ºããè.Êã.Øãì¹¦ãã B.L. GUPTA
Þãñ¸ãõ Chennai ¹ãããÀ¶ã 003990Ôã FRN 003990S ¹ãããÀ¶ã 001874Ôããè FRN 001874C
29.04.2010 29.04.2010
Ôã¶ãªãè ÊãñããããÀØã¥ã CHARTERED ACCOUNTANTS
70
31.3.2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ ãäÊã Êãã¼ã Ìã Öããä¶ã ãã¦ãã
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2010 (Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîãäÞã¾ããú 31.03.2010 31.03.2009
ããñ Ôã½ãã¹¦ã ÌãÓãÃ ããñ Ôã½ãã¹¦ã ÌãÓãÃ
YEAR ENDED YEAR ENDED
SCHEDULES 31.03.2010 31.03.2009
ãã¾ã INCOME
ããäãÃ¦ã º¾ããã Interest earned 13 10245 77 35 9641 40 33
ã¶¾ã ãã¾ã Other income 14 1143 25 37 1595 83 08
ããñü¡ TOTAL 11389 02 72 11237 23 41
Ì¾ã¾ã EXPENDITURE
Ì¾ã¾ã ãäã¾ãã Øã¾ãã º¾ããã Interest expended 15 7077 90 95 6771 81 35
¹ããäÀÞããÊã¶ã Ì¾ã¾ã Operating expenses 16 2466 49 71 1941 69 43
¹ãÆãÌã£ãã¶ã ããõÀ ããããäÔ½ãã Ì¾ã¾ã ( ãä¶ãÌãÊã ) Provisions & Contingencies (Net) 1137 65 91 1197 93 47
ããñü¡ TOTAL 10682 06 57 9911 44 25
Êãã¼ã / Öããä¶ã PROFIT / LOSS

ÌãÓãÃ ãñ ãäÊã ãä¶ãÌãÊã Êãã¼ã Net Profit for the year 706 96 15 1325 79 16
ãØãÆ¶ããè¦ã Êãã¼ã/Öããä¶ã Profit /Loss brought forward 0 0
ããñü¡ TOTAL 706 96 15 1325 79 16
ãäÌããä¶ã¾ããñã¶ã APPROPRIATIONS
ÔããâãäÌããä£ãã ããÀãäàã¦ã ãä¶ããä£ã ½ãò ãâ¦ãÀ¥ã Transfer to Statutory Reserve 212 10 00 398 00 00
ÀããÔÌã Ìãâ ã¶¾ã ããÀãäàã¦ã ãä¶ããä£ã¾ããò ½ãò ãâ¦ãÀ¥ã Transfer to Revenue and Other Reserves 127 59 03 9 66 34
¹ãîúããè ããÀãäàã¦ã ãä¶ããä£ã ½ãò ãâ¦ãÀ¥ã Transfer to Capital Reserve 144 18 51 606 30 33
ãäÌãÍãñÓã ããÀãäàã¦ã ãä¶ããä£ã ½ãò ãâ¦ãÀ¥ã Transfer to Special Reserve 0 25 00 00
¹ãÆÔ¦ãããäÌã¦ã ãâãä¦ã½ã Êãã¼ããâÍã (Êãã¼ããâÍã ãÀ ÔããäÖ¦ã) Proposed Final Dividend (including Dividend Tax) 223 08 61 286 82 49
¦ãìÊã¶ã-¹ã¨ã ½ãò ãØãÆñãäÓã¦ã Balance amount of profit carried over to
Êãã¼ã ããè ÍãñÓã ÀããäÍã Balance Sheet 0 0
ããñü¡ TOTAL 706 96 15 1325 79 16
¹ãÆãä¦ã Íãñ¾ãÀ ããÃ¶ã (Á.) Earning per share (Rs.) 12.98 24.34
ã¶ãìÔãîãäÞã¾ããú Êãã¼ã-Öããä¶ã ãã¦ãñ ãñ ããä¼ã¸ã ãâØã Öõâý Schedules Form Part of the Profit & Loss Account
Ôã..¼ã S. A. BHAT
ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã Chairman & Managing Director
¶ãî¹ãìÀ ãä½ã¨ãã NUPUR MITRA Ôã½ã ãä¦ããä©ã ããè Ö½ããÀãè ãäÀ¹ããñÃ ãñ ûããäÀ
VIDE OUR REPORT OF EVEN DATE
ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã Chitra Chandramouliswaran ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ. OM AGARWAL & CO ¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã BHASKARAN & RAMESH
ãñ. ãã¶ãâª ãì½ããÀ K. Ananda Kumar ãñ.Ôããè. Øãì¹¦ãã K.C. GUPTA ãñ ÀâØãÀãã¶ã J.RANGHARAJAN
ºããè.Ìããè.ã¹¹ãã ÀãÌã B.V. Appa Rao Ôãã¢ãñªãÀ Partner Ôãã¢ãñªãÀ Partner
ÔãîÀã ã¨ããè Sooraj Khatri Ôã.Ôãâ.072936 M.No. 072936 Ôã.Ôãâ.024327 M.No. 024327
.ãñ.¼ããØãÃÌã A.K. Bhargava
¹ãããÀ¶ã 000971Ôããè FRN 000971C ¹ãããÀ¶ã 000462Ôã FRN 000462S
.ÌãñÊÊã¾ã¶ã A. Vellayan Ìã½ããÃ ñ¥¡ Ìã½ããÃ VARMA & VARMA ½ã. ¼ããÔãÀ ÀãÌã ñ¥¡ ãâ. M. BHASKARA RAO & CO
ãñ.½ã.Ôãìãì½ããÀ¶ã KM SUKUMARAN ãñ.ããÀ.À¦ã¶ã½ã K.R. RATNAM
¹ãããÀ¶ã 004532Ôã FRN 004532S ¹ãããÀ¶ã 000459Ôã FRN 000459S
ãä¶ãªñÍããØã¥ã DIRECTORS
¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ôã¶¦ãã¶ã½ã PKF SRIDHAR & SANTHANAM ãä½ã¦¦ãÊã Øãì¹¦ãã ñ¥¡ ãâ. MITTAL GUPTA & CO
ãè.Ìããè.ºããÊãÔãìºãÆ½ããä¥ã¾ã¶ã T.V. BALASUBRAMANIAN ºããè.Êã.Øãì¹¦ãã B.L. GUPTA
Þãñ¸ãõ Chennai ¹ãããÀ¶ã 003990Ôã FRN 003990S ¹ãããÀ¶ã 001874Ôããè FRN 001874C
29.04.2010 29.04.2010
Ôã¶ãªãè ÊãñããããÀØã¥ã CHARTERED ACCOUNTANTS
71
ã¶ãìÔãîãäÞã¾ããú SCHEDULES
(Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè-1 SCHEDULE - 1 31.03.2010 ¦ãã 31.03.2009 ¦ãã
¹ãîúããè CAPITAL As at 31.03.2010 As at 31.03.2009
¹ãÆããä£ããð¦ã ¹ãîúããè AUTHORISED CAPITAL
¹ãÆ¦¾ãñã Á.10/- ãñ 300,00,00,000 ÃãäãÌããè Íãñ¾ãÀ 300,00,00,000 Equity
(Øã¦ã ÌãÓãÃ ¹ãÆ¦¾ãñã Á.10/- ãñ 150,00,00,000 ÃãäãÌããè Shares of Rs.10/- each
Íãñ¾ãÀ) (Previous year 150,00,00,000
equity shares of Rs.10/-each) 3000 00 00 1500 00 00
ãä¶ãØãÃãä½ã¦ã, ããä¼ãª§ã Ìã ¹ãÆª¦¦ã ¹ãîúããè ISSUED, SUBSCRIBED &
PAID UP CAPITAL
¹ãÆ¦¾ãñã Á.10/- ãñ 54,48,00,000 ÃãäãÌããè Íãñ¾ãÀ 54,48,00,000 Equity Shares of Rs.10/- each
(Ôã½ãò ¼ããÀ¦ã ÔãÀããÀ ´ãÀã £ãããäÀ¦ã ¹ãÆ¦¾ãñã Á.10/- ãñ (Includes 33,36,00,000 shares of Rs.10/- each
33,36,00,000 Íãñ¾ãÀ Íãããä½ãÊã Öõâ) held by Government of India) 544 80 00 544 80 00

ããÀãäàããä¦ã¾ããú Ìã ããä£ãÍãñÓã RESERVES & SURPLUS As at 31.03.2010 As at 31.03.2009
I. Íãñ¾ãÀ ¹ãÆãèãä½ã¾ã½ã I. SHARE PREMIUM 140 00 00 140 00 00
I I . ÔããâãäÌããä£ãã ããÀãäàããä¦ã¾ããú II. STATUTORY RESERVE
ã©ãÍãñÓã Opening balance 1919 85 57 1521 85 57
ããñ¡ò : ¹ããäÀÌã£ãÃ¶ã Add: Additions 212 10 00 398 00 00
¾ããñØã -II TOTAL -II 2131 95 57 1919 85 57
I I I . ¹ãîúããè ããÀãäàããä¦ã¾ããú III. CAPITAL RESERVE
ã. ¹ãì¶ã½ãîÃÊ¾ããâã¶ã ããÀãäàããä¦ã¾ããú A. Revaluation Reserve
ã©ãÍãñÓã Opening Balance 1209 56 88 113 97 06
Add : Additions 1123 55 41
ããñ¡ò : ¹ããäÀÌã£ãÃ¶ã Less: Deductions / Depreciation * 33 96 48 27 95 59
Üããú: ããõãä¦ã¾ããú / ½ãîÊ¾ã-ÖÆãÔã*
¾ããñØã-ã TOTAL - A 1175 60 40 1209 56 88
ãã. ãä¶ãÌãñÍããò ããè ãäºãããè ¹ãÀ B. On sale of Investments
ããñü¡ò : ¹ããäÀÌã£ãÃ¶ã Add: Additions 142 57 77 537 79 93
¾ããñØã-ãã TOTAL - B 845 28 44 702 70 67
. ã¶¾ã C. Others
¾ããñØã - TOTAL - C 148 53 06 146 92 32
¾ããñØã -III(ã,ãã,) TOTAL - III (A,B,C) 2169 41 90 2059 19 87
I V . ÀããÔÌã Ìã ã¶¾ã ããÀãäàããä¦ã¾ããú IV. REVENUE & OTHER RESERVES
(i) ã¶¾ã ÀããÔÌã ããÀãäàããä¦ã¾ããú (i) Other Revenue Reserves
Üããú: ããõ¦ããè Less: Deduction 2 97 54
¾ããñØã -(i) TOTAL - (i) 2322 99 62 2193 53 55
(ii) ãäÌãÍãñÓã ããÀãäàããä¦ã¾ããú (ii) Special Reserve
ããñü¡ò : ¹ããäÀÌã£ãÃ¶ã Add: Additions 0 25 00 00
¾ããñØã -(ii) TOTAL - (ii) 126 60 00 126 60 00
(iii) ãäÌãªñÍããè ½ãì³ã Â¹ããâ¦ãÀ¥ã ããÀãäàããä¦ã ãä¶ããä£ã (iii) Foreign Currency Translation Reserve
ããñü¡ò : ¹ããäÀÌã£ãÃ¶ã Add : Additions 0 138 47 28
Üããú: ããõ¦ããè Less : Deducation 78 16 12 0
¾ããñØã-(iii) Total - (iii) 88 81 22 166 97 34
¾ããñØã - IV (i,ii Ìã iii) TOTAL - IV (i, ii & iii) 2538 40 84 2487 10 89
¾ããñØã (I,II, III Ìã IV ) TOTAL ( I, II , III & IV) 6979 78 31 6606 16 33
* 31.3.2010 ¦ãã ãäÌãªñÍããè Íããããããò Ôãñ Ôãâºãâãä£ã¦ã ããúã¡ãò ½ãò ¦ã¦ããÊããè¶ã ½ãì³ã- ãäÌããä¶ã½ã¾ã ªÀ Ôãñ ãäã Øã ¹ããäÀÌã¦ãÃ¶ããò ãñ ããÀ¥ã Öí Ôã½ãã¾ããñã¶ã Íãããä½ãÊã Öõ ý
* Includes adjustment on account of conversion of figures relating to foreign branches at the rate of exchange as at 31.03.2010
72
ã¶ãìÔãîãäÞã¾ããú (ããÀãè)
SCHEDULES (Contd.)
(Á.000 ½ãò) (Rs. in 000s)
ãä¶ãàãñ¹ã DEPOSITS As at 31.03.2010 As at 31.03.2009
ã. I. ½ããúØã ãä¶ãàãñ¹ ã A. I. DEMAND DEPOSITS

i) ºãöããò Ôãñ i) From Banks 362 10 77 66 00 66
ii) ã¶¾ããò Ôãñ ii) From Others 9249 20 20 8064 66 94
¾ããñØã -I TOTAL - I 9611 30 97 8130 67 60
I I . ºãÞã¦ã ºãö ã ãä ¶ ãàãñ ¹ ã II. SAVINGS BANK DEPOSITS 26450 89 07 22156 44 41

III. ãããä Ê ãã ãä ¶ ãàãñ ¹ ã III. TERM DEPOSITS
i) ºãöããò Ôãñ i) From Banks 1980 71 00 1559 68 08
ii) ã¶¾ããò Ôãñ ii) From Others 72751 80 06 68269 08 87
¾ããñØã - III TOTAL - III 74732 51 06 69828 76 95
¾ããñØã - ã (I,II & III) TOTAL - A ( I,II & III ) 110794 71 10 100115 88 96
ãã. I) ¼ããÀ¦ã ããè Íããããããò ½ãò ãä¶ãàãñ¹ã B. I) Deposits of branches in India 105434 42 70 95433 72 84
II) ¼ããÀ¦ã ãñ ºããÖÀ ããè Íããããããò ½ãò ãä¶ãàãñ¹ã II) Deposits of branches outside India 5360 28 40 4682 16 12
¾ããñØã - ãã TOTAL - B 110794 71 10 100115 88 96

ãäÊã¾ãñ Øã¾ãñ £ããÀ BORROWINGS As at 31.03.2010 As at 31.03.2009
I. ¼ããÀ¦ã ½ãò ãäÊã Øã £ããÀ I. BORROWINGS IN INDIA

¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã Ôãñ Reserve Bank of India 0 0
ºãöããò Ôãñ Banks 4 15
ã¶¾ã ÔãâÔ©ããú ããõÀ ããä¼ããÀ¥ã Other Institutions & Agencies 1268 45 57 3086 47 37
¶ãÌããñ¶½ãñÓãããÀãè Ôã¦ã¦ã ¨ãÉ¥ã ãäÊãã¦ã (ããÃ¹ããè¡ãèããÃ) Innovative Perpetual Debt Instruments (IPDI) 780 00 00 480 00 00
Hybrid Debt Capital Instruments
ºãã¥¡ ãñ Â¹ã ½ãò ûããÀãè ãä½ãÑã ¨ãÉ¥ã ¹ãîúããè ãäÊãã¦ãò
issued as Bonds 1665 30 00 1155 30 00
Øããõ¥ã ¨ãÉ¥ã Subordinated Debt 2426 00 00 2311 00 00
¾ããñØã - I TOTAL - I 6139 75 61 7032 77 52
II. ¼ããÀ¦ã ãñ ºããÖÀ Ôãñ ãäÊã Øã £ããÀ II. BORROWINGS OUTSIDE INDIA 2842 44 58 3461 80 72
¾ããñØã (I Ìã II) TOTAL ( I & II) 8982 20 19 10494 58 24
I I I . ¹ãÀ I Ìã II ½ãò Ôããä½½ããäÊã¦ã ¹ãÆãä¦ã¼ãî¦ã £ããÀ III. Secured borrowings

included in I & II above 500 00 38 925 01 67

ã¶¾ã ªñ¾ã¦ãã¾ãò Ìã ¹ãÆãÌã£ãã¶ã OTHER LIABILITIES & PROVISIONS As at 31.03.2010 As at 31.03.2009
I. Ôãâªñ¾ã ãäºãÊã I. Bills Payable 665 65 01 692 66 64

II. ãâ¦ãÀ-ãã¾ããÃÊã¾ã Ôã½ãã¾ããñã¶ã (ãä¶ãÌãÊã) II. Inter Office Adjustments ( Net) 0 0
III. ¹ãÆãñªá¼ãî¦ã º¾ããã III. Interest Accrued 219 41 85 200 06 67
IV. ã¶¾ã (Ôã½ãò ¹ãÆãÌã£ãã¶ã Ôããä½½ããäÊã¦ã Öõ) IV. Others ( including provisions) 2909 83 12 2419 23 03
¾ããñØã TOTAL 3794 89 98 3311 96 34
73
SCHEDULES (Contd.)
(Á.000 ½ãò) (Rs. in 000s)
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ¾ãÖãú ¶ããªãè CASH AND BALANCES WITH As at 31.03.2010 As at 31.03.2009
ããõÀ ÍãñÓã RESERVE BANK OF INDIA
I. Öã©ã ½ãò ¶ããªãè (Ôã½ãò ãäÌãªñÍããè ½ãì³ã ¶ããñ ããõÀ I. Cash on hand ( including Foreign
ãè½ã ¶ããª Ôããä½½ããäÊã¦ã Öõ) currency notes & ATM cash) 640 32 73 679 96 93
II. ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ Ôãã©ã II. Balances with Reserve Bank of India
i) ÞããÊãî ãã¦ãñ ½ãò ãä¦ãÍãñÓã i) in Current Account 6996 11 99 5260 47 49
ii) ã¶¾ã ãã¦ããò ½ãò ãä¦ãÍãñÓã ii) in Other Accounts
¾ããñØã TOTAL 7666 44 72 5940 44 42

ºãöããò ½ãò ÍãñÓã ããõÀ ½ããúØã ¹ãÀ ¦ã©ãã BALANCES WITH BANKS AND As at 31.03.2010 As at 31.03.2009
ãÊ¹ã ÔãîÞã¶ãã ¹ãÀ ¹ãÆã¹¾ã £ã¶ã MONEY AT CALL AND SHORT NOTICE
I. ¼ããÀ¦ã ½ãò I. In India
i) ºãöããò ½ãò ÍãñÓã i) Balances with banks
ã. ÞããÊãî ãã¦ãñ ½ãò a) In Current Accounts 168 25 34 212 07 03
ã. ã¶¾ã ã½ãã ãã¦ããò ½ãò b) In Other Deposit Accounts 731 88 04 2778 79 42
ii) ½ããúØã ¹ãÀ ¦ã©ãã ãÊ¹ã ÔãîÞã¶ãã ¹ãÀ ¹ãÆã¹¾ã £ã¶ã ii) Money at Call and Short Notice
ã. ºãöããò ãñ Ôãã©ã a) With banks 539 00 00 1145 00 00
ã. ã¶¾ã ÔãâÔ©ããããò ãñ Ôãã©ã b) With other institutions 0 0
¾ããñØã -I TOTAL - I 1439 13 38 4135 86 45
II. ¼ããÀ¦ã ãñ ºããÖÀ II. Outside India
ã . ÞããÊãî ãã¦ãñ ½ãò a) In Current Accounts 351 17 98 199 67 86
ã. ã¶¾ã ã½ãã ãã¦ããò ½ãò b) In Other Deposit Accounts 194 11 19 440 77 58
Øã. ½ããúØã ¹ãÀ ¦ã©ãã ãÊ¹ã ÔãîÞã¶ãã ¹ãÀ ¹ãÆã¹¾ã £ã¶ã c) Money at Call and Short Notice 173 76 80 205 13 86
¾ããñØã -II TOTAL - II 719 05 97 845 59 30
¾ããñØã (I Ìã II) TOTAL ( I & II) 2158 19 35 4981 45 75
74
SCHEDULES (Contd.)
(Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè- 8 SCHEDULE - 8 31.03.2010 ¦ãã 31.03.2009 ¦ãã
ãäÌããä¶ã£ãã¶ã INVESTMENTS As at 31.03.2010 As at 31.03.2009
I. ¼ããÀ¦ã ½ãò ãäÌããä¶ã£ãã¶ã I. INVESTMENTS IN INDIA

i) ÔãÀããÀãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú i) Government Securities 32052 77 66 26455 58 11
ii) ã¶¾ã ã¶ãì½ããñãäª¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããú ii) Other Approved Securities 105 73 10 176 43 58
iii) Íãñ¾ãÀ iii) Shares 407 39 96 321 64 13
iv) ãä¡ºãòÞãÀ ããõÀ ºãâ£ã-¹ã¨ã iv) Debentures and Bonds 1973 22 84 1647 97 36
v) Ôãâ¾ãìã¦ã ²ã½ã v) Joint Ventures 28 50 00 28 50 00
vi) ã¶¾ã - ¼ããÀ¦ããè¾ã ¾ãîãä¶ã ÈÔ vi) Others - Units of Unit Trust of India,
ãñ ¾ãîãä¶ã Ìãâ ã¶¾ã ½¾ãîÞãìãÊã ¹ãâ¡ ããõÀ Investments in other Mutual Funds 2053 44 99 1611 84 59
Ìãããä¥ããä¾ãã ¹ã¨ã ½ãò ãäÌããä¶ã£ãã¶ã & Commercial Paper
¾ããñØã - I TOTAL - I 36621 08 55 30241 97 77
I I . ¼ããÀ¦ã ãñ ºããÖÀ ãäÌããä¶ã£ãã¶ã* II. INVESTMENTS OUTSIDE INDIA*

i) ÔãÀããÀãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú i) Government Securities 860 96 24 801 84 45
(Ôã½ãò Ô©ãã¶ããè¾ã ¹ãÆããä£ããÀ¥ã Ôããä½½ãÊã¦ã Öõâ ) (including Local Authorities)
ii) ã¶¾ã ii) Others
ã) Íãñ¾ãÀ a. Shares 8 36 29 11 11 68
ã) ãä¡ºãòÞãÀ ããõÀ ºãâ£ã-¹ã¨ã b. Debentures & Bonds 115 34 15 160 49 97
Øã) ã¶¾ã c. Others 44 81 04 0
¾ããñØã - II TOTAL - II 1029 47 72 973 46 10
¾ããñØã (I Ìã II) TOTAL ( I & II ) 37650 56 27 31215 43 87
¼ããÀ¦ã ½ãò ÔããÊã ãäÌããä¶ã£ãã¶ã Gross Investments in India 36795 09 39 30497 19 25

Üããú : ½ãîÊ¾ãÖÆãÔã Less: Depreciation 174 00 84 255 21 48
ãä¶ãÌãÊã ãäÌããä¶ã£ãã¶ã Net Investments 36621 08 55 30241 97 77
¼ããÀ¦ã ãñ ºããÖÀ ÔããÊã ãäÌããä¶ã£ãã¶ã* Gross Investments Outside India* 1086 15 98 1056 45 92
Üããú : ½ãîÊ¾ãÖÆãÔã Less: Depreciation 56 68 26 82 99 82
ãä¶ãÌãÊã ãäÌããä¶ã£ãã¶ã Net Investments 1029 47 72 973 46 10
ãìÊã ãä¶ãÌãÊã ãäÌããä¶ã£ãã¶ã Total Net Investments 37650 56 27 31215 43 87
* 31.3.2010 ¦ãã ãäÌãªñÍããè Íããããããò Ôãñ Ôãâºãâãä£ã¦ã ããúãü¡ãò ãã ½ãì³ã-ãäÌããä¶ã½ã¾ã ªÀ ¹ãÀ ¹ããäÀÌã¦ãÃ¶ããò ãñ ããÀ¥ã Ôã½ãã¾ããñã¶ã ÔããäÖ¦ã ý
* Including adjustment on account of conversion of figures relating to foreign branches at the rate of exchange as at 31.3.2010
75
SCHEDULES (Contd.)
(Á.000 ½ãò) (Rs. in 000s)
ããäØãÆ½ã ADVANCES As at 31.03.2010 As at 31.03.2009
ã. i) ã¾ã ãäã Øã Ìã ãä½ã§ããèããñ Øã ãäºãÊã A. i) Bills Purchased & Discounted 4792 86 96 4490 94 59
ii) ¶ããªãè £ããÀ, ããñÌãÀ¡Èã¹ã ããõÀ ½ããúØã ii) Cash Credits, Overdrafts and
¹ãÀ ¹ãÆãä¦ãÔãâªñ¾ã £ããÀ Loans repayable on demand 34294 97 99 30862 66 93
iii) ÔããÌããä£ã £ããÀ iii) Term Loans 39916 07 62 39531 65 74
¾ããñØã TOTAL 79003 92 57 74885 27 26
ãã. i) ½ãî¦ãÃ ãããäÔ¦ã¾ããò ´ãÀã ¹ãÆãä¦ã¼ãî¦ã* B. i) Secured by Tangible Assets* 63258 46 98 63200 22 58
*ºãÖãèØã¦ã ¨ãÉ¥ããò ãñ ¹ãÆãä¦ã ããäØãÆ½ããò ÔããäÖ¦ã * includes advances against Book Debts
ii) ºãöã / ÔãÀããÀãè ØããÀâãä¾ããò ´ãÀã ÔãâÀãäàã¦ã ii) Covered by Bank/Government Guarantees 4210 36 57 3889 69 19
iii) ã¹ãÆãä¦ã¼ãî¦ã iii) Unsecured 11535 09 02 7795 35 49
¾ããñØã TOTAL 79003 92 57 74885 27 26
. I) ¼ããÀ¦ã ½ãò ããäØãÆ½ã C. I) Advances in India
i) ¹ãÆã©ããä½ãã¦ãã àãñ¨ã i) Priority Sector 27237 22 48 24294 08 00
ii) ÔããÌãÃããä¶ãã àãñ¨ã ii) Public Sector 5778 46 12 5905 78 75
iii) ºãöã iii) Banks 547 36 15 210 55 00
iv) ã¶¾ã iv) Others 37764 17 72 37205 08 17
¾ããñØã TOTAL 71327 22 47 67615 49 92
II) ¼ããÀ¦ã ãñ ºããÖÀ ããäØãÆ½ã II) Advances Outside India
i) ºãöããò Ôãñ Íããñ£¾ã i) Due from Banks 108 17 90 398 29 75
ii) ã¶¾ããò Ôãñ Íããñ£¾ã ii) Due from Others
ã) ã¾ã ãäã Øã Ìã ãä½ã§ããèããñ Øã ãäºãÊã a) Bills Purchased &
Discounted 3412 79 90 2908 23 77
ã) ÔãâÜãºã® £ããÀ b) Syndicated Loans 2024 82 11 1782 11 17
Øã) ã¶¾ã c) Others 2130 90 19 2181 12 65
¾ããñØã TOTAL 7676 70 10 7269 77 34
¾ããñØã (Øã - I Ìã II ) TOTAL (C-I & II) 79003 92 57 74885 27 26
76
SCHEDULES (Contd.)
(Á.000 ½ãò) (Rs. in 000s)
ãäÔ©ãÀ ãããäÔ¦ã¾ããú FIXED ASSETS As at 31.03.2010 As at 31.03.2009
I. ¹ããäÀÔãÀ I. Premises
1.4.2009 ¦ãã ÊããØã¦ã /¹ãì¶ã : At cost / revalued amount as on 1.4.2009 1611 66 27 464 26 03
½ãîÊ¾ããâãäã¦ã Àã½ã ¹ãÀ
ÌãÓãÃ ãñ ªãõÀã¶ã ¹ããäÀÌã£ãÃ¶ã* Additions during the year * 35 74 22 1173 85 13

1647 40 49 1638 11 16
ÌãÓãÃ ãñ ªãõÀã¶ã ããõãä¦ã¾ããú* Deductions during the year* 9 02 00 26 44 89
1638 38 49 1611 66 27
ãªá¾ã¦ã¶ã ½ãîÊ¾ãÖÆãÔã Depreciation to date 159 71 98 117 12 43

¾ããñØã -I TOTAL - I 1478 66 51 1494 53 84
I I . ¹ãîúããèØã¦ã ÞããÊãî ãã¾ãÃ II. Capital work in progress 7 67 28 13 07 04
¾ããñØã - II TOTAL - II 7 67 28 13 07 04
I I I . ã¶¾ã ãäÔ©ãÀ ãããäÔ¦ã¾ããú III. Other Fixed Assets

(Ôã½ãò ¹ã¶ããêÞãÀ ããõÀ ãä¹ããÞãÀ Ôããä½½ããäÊã¦ã Öõ) (including Furniture & Fixtures)
1.4.2009 ããè ãäÔ©ããä¦ã ãñ ã¶ãìÔããÀ ÊããØã¦ã ¹ãÀ At cost as on 1.4.2009 741 07 99 638 53 95
ÌãÓãÃ ãñ ªãõÀã¶ã ¹ããäÀÌã£ãÃ¶ã * Additions during the year * 122 65 90 193 67 09
863 73 89 832 21 04
ÌãÓãÃ ãñ ªãõÀã¶ã ããõãä¦ã¾ããú* Deductions during the year* 41 59 80 91 13 05

822 14 09 741 07 99
ãªá¾ã¦ã¶ã ½ãîÊ¾ãÖÆãÔã Depreciation to date 608 91 33 538 82 91

TOTAL - III 213 22 76 202 25 08
¾ããñØã- III
¾ããñØã (I, II & III) Total ( I, II & III ) 1699 56 55 1709 85 96
* 31.3.2010 ¦ãã ãäÌãªñÍããè Íããããããò Ôãñ Ôãâºãâãä£ã¦ã ããúãü¡ãò ãã ½ãì³ã-ãäÌããä¶ã½ã¾ã ªÀ ¹ãÀ ¹ããäÀÌã¦ãÃ¶ããò ãñ ããÀ¥ã Ôã½ãã¾ããñã¶ã ÔããäÖ¦ã ý
* including adjustment on account of conversion of figures relating to foreign branches at the rate of exchange as at 31.3.2010
77
SCHEDULES (Contd.)
(Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè- 11 SCHEDULE - 11 31.03.2010 ¦ãã 31.03.2009 ¦ãã
ã¶¾ã ãããäÔ¦ã¾ããú OTHER ASSETS As at 31.03.2010 As at 31.03.2009
i) ãâ¦ãÀ ãã¾ããÃÊã¾ã Ôã½ãã¾ããñã¶ã (ãä¶ãÌãÊã) i) Inter Office Adjustments ( Net) 128 00 34 197 88 86
ii) ¹ããäÞã¦ã º¾ããã ii) Interest Accrued 1040 32 16 891 19 54
iii) ããäØãÆ½ã Â¹ã Ôãñ Ôãâª§ã ãÀ / iii) Tax paid in advance /
Ô¨ããñ¦ã ¹ãÀ ããã Øã¾ãã ãÀ Tax deducted at source 962 40 54 761 29 24
iv) Êãñã¶ã - Ôãã½ãØãÆãè ããõÀ Ôõ½¹ã iv) Stationery & Stamps 6 74 15 6 88 99
v) ªãÌããò ããè Ôãâ¦ãìãäÓ ½ãò ¹ãÆã¹¦ã ããè ØãÃ v) Non Banking Assets acquired in
ØãõÀ-ºãöãããÀãè ãããäÔ¦ã¾ããú satisfaction of claims 1 55 07 1 54 84
vi ã¶¾ã vi) Others 778 67 86 482 11 14
¾ããñ Ø ã TOTAL 2917 70 12 2340 92 61
ã¶ãìÔãîÞããè 12 SCHEDULE - 12 31.03.2010 ¦ãã 31.03.2009 ¦ãã

Ôã½ãããäÑã¦ã ªããä¾ã¦Ìã CONTINGENT LIABILITIES As at 31.03.2010 As at 31.03.2009
i) ºãöã ãñ ãäÌãÁ® ªãÌãñ ãäã¶Öò ¨ãÉ¥ã ãñ Â¹ã ½ãò i) Claims against the Bank not
ÔÌããèããÀ ¶ãÖãé ãäã¾ãã Øã¾ãã Öõ acknowledged as debts 78 22 30 74 51 29
ii) ãâÍã¦ã: Ôãâª§ã ãäÌããä¶ã£ãã¶ããò ãñ ãäÊã ªããä¾ã¦Ìã ii) Liability for partly paid investments 11 60 28 24 50
iii) ºããã¾ãã Ìãã¾ãªã ãäÌããä¶ã½ã¾ã ÔãâãäÌãªãããò ãñ iii) Liability on account of outstanding
ºããºã¦ã ªããä¾ã¦Ìã forward exchange contracts 15631 41 67 15442 01 76
iv) ÔãâÜãããò ããè ããñÀ Ôãñ ªãè Øã¾ããè ØããÀâãä¾ããú iv) Guarantees given on behalf of constituents
ã. ¼ããÀ¦ã ½ãò a) In India 8445 29 69 8044 63 48
ã. ¼ããÀ¦ã ãñ ºããÖÀ b) Outside India 247 02 75 271 90 26
v) ÔãããÀ, ¹ãðÓãâã¶ã ããõÀ ã¶¾ã ºãã£¾ã¦ããú v) Acceptances, Endorsements &
Other obligations 8047 64 96 7334 74 75
vi) ã¶¾ã ½ãªò ãäã¶ããñ ãäÊã ºãöã vi) Other items for which the bank is
Ôã½ãããäÑã¦ã Â¹ã Ôãñ ªã¾ããè Öõ contingently liable
ã. ãäÌãÌããªØãÆÔ¦ã ãã¾ã-ãÀ ªãÌãñ/ a. Disputed IT demand /
ã¹ããèÊã ãñ ã£ããè¶ã ½ãã½ãÊãñ cases under appeal 406 92 42 639 15 47
ã. ã¶¾ã b. Others
i. ¹ãîúããè Êãñããò ¹ãÀ ãä¶ãÓ¹ãããäª¦ã ãäã ãã¶ãñ ÌããÊãñ i) Estimated amount of contracts remaining
ÍãñÓã ÔãâãäÌãªãããò ããè ã¶ãì½ãããä¶ã¦ã ÀããäÍã to be executed on capital accounts 30 77 63 37 57 94
ii. ãÀñâÔããè ÔÌãõ¹ã ãñ ¦ãÖ¦ã ºãöã ããè ªñ¾ã¦ããú ii) Banks liability under currency swaps 2776 81 65 2240 33 05
iii ãäã Øã º¾ããã ªÀ ÔÌãõ¹ã (¾ãîÔã¡ãè) iii) Interest rate swaps under taken (USD) 1932 60 37 1756 41 88
iv. º¾ããã ªÀ ÔÌãõ¹ã (¼ãã.Á.) iv) Interest rate swaps ( INR ) 1075 00 00 1800 00 00
v. ½ãì³ã ãäÌããÊ¹ã ãñ ¦ãÖ¦ã ºãöã ããè ªñ¾ã¦ãã v) Banks Liability under Currency Options 78 19 20 0
vi. ãñãä¡ ãä¡¹ããÊ ÔÌãõ¹ã vi) Credit Default Swaps 551 97 30 675 12 64
vii. ãâ¦ãÀ ºãöã ÔãÖ¼ãããäØã¦ãã ¹ãÆ½ãã¥ã-¹ã¨ã vii) Inter bank Participation Certificate 0 0
viii. ÔÌã¥ãÃ ãñ ¦ãÖ¦ã ºãöã ããè ªñ¾ã¦ãã viii) Banks Liability under Gold 34 48 96 34 59 20
¾ããñ Ø ã TOTAL 39340 50 50 38379 26 22
78
SCHEDULES (Contd.)
(Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè- 13 SCHEDULE - 13 31.03.2010 31.03.2009

ããäãÃ¦ã º¾ããã INTEREST EARNED Year Ended Year Ended
31.03.2010 31.03.2009
i) ããäØãÆ½ããò / ãäºãÊããò ¹ãÀ ¹ãÆã¹¦ã º¾ããã / ºãáã i) Interest / discount on advances / bills 7659 48 17 7289 55 32
ii) ãäÌããä¶ã£ãã¶ããò ¹ãÀ ãã¾ã ii) Income on investments 2381 60 10 2156 31 60
iii) ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãä¦ãÍãñÓããò iii) Interest on Balances with
ããõÀ ã¶¾ã ãâ¦ãÀ-ºãöã ãä¶ããä£ã¾ããò ¹ãÀ º¾ããã Reserve Bank of India
and Other Inter-Bank Funds 192 60 64 168 19 83
iv) ã¶¾ã iv) Others 12 08 44 27 33 58
¾ããñØã TOTAL 10245 77 35 9641 40 33
ã¶ãìÔãîÞããè 14 SCHEDULE - 14 31.03.2010 31.03.2009

ã¶¾ã ãã¾ã ããñ Ôã½ãã¹¦ã ÌãÓãÃ ããñ Ôã½ãã¹¦ã ÌãÓãÃ
OTHER INCOME Year Ended Year Ended
31.03.2010 31.03.2009
i) ã½ããèÍã¶ã, ãäÌããä¶ã½ã¾ã ããõÀ ªÊããÊããè i) Commission, Exchange and Brokerage 577 70 31 593 78 01
ii) ãäÌããä¶ã£ãã¶ããò ãñ ãäÌãã¾ã ¹ãÀ Êãã¼ã (ãä¶ãÌãÊã) ii) Profit on Sale of Investments (Net) 291 85 67 636 64 80
iii) ãäÌããä¶ã£ãã¶ããò ãñ ¹ãì¶ã½ãÃîÊ¾ããâã¶ã ¹ãÀ Êãã¼ã (ãä¶ãÌãÊã) iii) Profit on Revaluation of Investments (Net) -53 33 17 -117 23 89
iv) ¼ãîãä½ã, ¼ãÌã¶ããò ããõÀ ã¶¾ã ãããäÔ¦ã¾ããò ãñ iv) Profit on sale of land,buildings
ãäÌãã¾ã ¹ãÀ Êãã¼ã (ãä¶ãÌãÊã) and other assets (Net) 1 60 74 68 50 40
v) ãäÌããä¶ã½ã¾ã ÔãâÌ¾ãÌãÖãÀãñâ ¹ãÀ Êãã¼ã (ãä¶ãÌãÊã) v) Profit on exchange transactions (Net) 127 04 26 157 34 36
vi) ãäÌããäÌã£ã ãã¾ã vi) Miscellaneous Income 198 37 56 256 79 40
¾ããñØã TOTAL 1143 25 37 1595 83 08
79
SCHEDULES (Contd.)
(Á.000 ½ãò) (Rs. in 000s)
ã¶ãìÔãîÞããè- 15 SCHEDULE - 15 31.03.2010 31.03.2009

ãÞãÃ ãäã¾ãã Øã¾ãã º¾ããã INTEREST EXPENDED Year Ended Year Ended
31.03.2010 31.03.2009
i) ã½ããããò ¹ãÀ º¾ããã i) Interest on Deposits 6271 78 76 5955 83 04

ii) ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã / ãâ¦ãÀ- ºãöã ii) Interest on Reserve Bank of India /
£ããÀãò ¹ãÀ º¾ããã Inter-Bank Borrowings 412 74 25 502 88 96
iii) ã¶¾ã iii) Others 393 37 94 313 09 35
¾ããñØã TOTAL 7077 90 95 6771 81 35
ã¶ãìÔãîÞããè 16 SCHEDULE - 16 31.03.2010 31.03.2009

¹ããäÀÞããÊã¶ã Ì¾ã¾ã OPERATING EXPENSES Year Ended Year Ended
31.03.2010 31.03.2009
i) ã½ãÃÞãããäÀ¾ããò ããñ ¼ãìØã¦ãã¶ã ããõÀ i) Payments to and provisions for employees 1734 74 90 1271 84 21
¶ããñ ãäÊã ¹ãÆãÌã£ãã¶ã
ii) ¼ããü¡ã, ãÀ ããõÀ ÀãñÍã¶ããè ii) Rent, Taxes and Lighting 204 47 48 206 41 47
iii) ½ãì³¥ã ããõÀ Êãñã¶ã-Ôãã½ãØãÆãè iii) Printing and Stationery 15 46 19 15 58 38
iv) ãäÌããã¹ã¶ã ããõÀ ¹ãÆÞããÀ iv) Advertisement and Publicity 35 82 57 26 94 74
v) ºãöã ããè Ôãâ¹ããä§ã ¹ãÀ ½ãîÊ¾ãÖÆãÔã v) Depreciation on Banks property
(¹ãîúããè ããÀãäàããä¦ã¾ããò Ôãñ ãâ¦ããäÀ¦ã (Net of depn. transferred
ãÌãàã¾ã¥ã ããè ãä¶ãÌãÊã ÀããäÍã) from Capital Reserve) 111 75 94 100 94 20
vi) ãä¶ãªñÍãããò ããè ¹ããèÔã, ¼ã§ãñ ããõÀ ãÞãÃ vi) Directors fees, allowances and expenses 73 47 89 72
vii) Êãñãã-¹ãÀãèàãããò ããñ ¹ãÆª§ã ÍãìÊã ¦ã©ãã Ì¾ã¾ã vii) Auditors fees and expenses 17 83 31 19 81 57
(Íãããã Êãñãã - ¹ãÀãèàãããò ÔããäÖ¦ã) (including Branch auditors)
viii) ãäÌããä£ã ¹ãÆ¼ããÀ viii) Law charges 5 42 91 6 53 68
ix) ¡ãã ½ãÖÔãîÊã, ¦ããÀ, ñÊããèû¹ããñ¶ã ãããäª ix) Postages, telegrams, telephones, etc. 15 87 59 14 83 87
x) ½ãÀ½½ã¦ã ããõÀ ã¶ãìÀàã¥ã x) Repairs and Maintenance 8 55 83 7 85 79
xi) ºããè½ãã xi) Insurance 113 94 11 89 33 06
xii) ã¶¾ã ãã¾ã xii) Other Expenditure 201 85 41 180 68 74
¾ããñØã TOTAL 2466 49 71 1941 69 43
80
ã¶ãìÔãîÞããè -17 SCHEDULE 17
¹ãÆ ½ ãì ã Êãñ ããâ ã¶ã ¶ããè ã ä ¦ ã¾ããú SIGNIFICANT ACCOUNTING POLICIES

1. General
1. Ôãã½ãã¶¾ã
¾ãÖãú Ôã Ôãñ ããØãñ ãºã ¦ãã ãäã ã¶¾ã©ãã ¶ã ºã¦ãã¾ãã Øã¾ãã Öãñ, ãäÌã§ããè¾ã ãäÌãÌãÀ¥ã The financial statements have been prepared
on historical cost basis unless otherwise
ñã¦ä ãÖããäÔãã ÊããØã¦ã ãñ ãã£ããÀ ¹ãÀ ããõÀ ããØãñ Øããä¦ã½ãã¶ã ¹ãÆã¦ä ãÓã¶ã ãÌã£ããÀ¥ãã ãñ stated and further on the assumption of going
ã¶ãì½ãã¶ã ¹ãÀ ¦ãõ¾ããÀ ãäã Øã Öö ý concern concept.
2. ãã¾ã ãã ããä¼ããã¶ã 2. Revenue Recognition
2.1 ¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã ãäÌãÌãñã¹ãî¥ãÃ ½ãã¶ãª¥¡ãò ãñ 2.1 Income is recognized on accrual basis on
½ãì¦ãããäºãã ããÃã ãããäÔ¦ã¾ããò ¹ãÀ ¹ããäÞã¦ã ãã£ããÀ ¹ãÀ ããõÀ ã¶ããÃã performing assets and on realization basis
in respect of non-performing assets as per
ãããäÔ¦ã¾ããò ãñ ½ãã½ãÊãñ ½ãò ØããÖãè ãñ ãã£ããÀ ¹ãÀ ãã¾ã ãã ããä¼ããã¶ã the prudential norms prescribed by Reserve
ãäã¾ãã Øã¾ãã Öõ ý ã¶ããÃã ãããäÔ¦ã¾ããò ½ãò ÌãÔãîÊããè ãã Ôã½ãâã¶ã, Ìããª Bank of India. Recovery in Non Performing
ªã¾ãÀ ãã¦ããò Ìãâ ã ºããÀØããè ãä¶ã¹ãã¶ã ãã¦ããò ããñ ãñü¡ãÀ ºããããè Assets is first appropriated towards interest
and the balance, if any, towards principal,
½ãã½ãÊããò ½ãò ¹ãÖÊãñ º¾ããã ãñ ãäÊã ããõÀ ÍãñÓã ãØãÀ Öãñ, ¦ããñ ½ãîÊã
except in the case of Suit Filed Accounts
Àûã½ã ãñ ãäÊã ãäã¾ãã Øã¾ãã Öõ ý and accounts under One Time Settlement.
2.2 ãÀãèªñ Øã ãäºãÊããò/ºãâ£ãã-Ôã½ããä©ãÃ¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ¹ãÀ º¾ããã, ã½ããèÍã¶ã 2.2 Interest on bills purchased/Mortgage Backed
(Ôããã ¹ã¨ã / ØããÀâãè¹ã¨ã/ÔãÀããÀãè ããÀãñºããÀ ããñ ãñ¡ãÀ), ãäÌããä¶ã½ã¾ã, Securities, commission (except on Letter of
Credit/Letter of Guarantee/Government
ÊããùãÀ ãäãÀã¾ãã ããõÀ Êãã¼ããâÍã ããñ ¶ãããè ØããÖãè ãñ ãã£ããÀ ¹ãÀ Business), Exchange, Locker Rent and
ãäÖÔããºã ½ãò ãäÊã¾ãã Øã¾ãã Öõý Dividend are accounted for on realization
basis.
2.3 ºãÖí½ãîÊ¾ã £ãã¦ãìããò ããè ¹ãÀñÓã¥ã ãäºãããè Ôãñ ÖíÃ ãã¾ã ããñ ãäºãããè ¹ãîÀãè
2.3 Income from consignment sale of precious
Öãñ¶ãñ ãñ ºããª ã¶¾ã ãã¾ã ãñ Â¹ã ½ãò ãäÖÔããºã ½ãò ãäÊã¾ãã Øã¾ãã Öõ ý metals is accounted for as Other Income
after the sale is complete.
2.4 ãÞããóâ ããñ ¹ãÞã¾ã ãã£ããÀ ¹ãÀ ãäÖÔããºã ½ãò ãäÊã¾ãã Øã¾ãã Öõ, ãäÔãÌãã¾ã
¦ãºã ãºã Ôãñ ã¶¾ã©ãã ãäÊÊããäã¦ã ãäã¾ãã Øã¾ãã Öãñ ý 2.4 Expenditure is accounted for on accrual basis,
except otherwise stated.
2.5 ¹ããäÀ¹ããÌã ÔããÌããä£ã ã½ããããò ãñ ½ãã½ãÊãñ ½ãò, ã½ããããò ãã ¶ãÌããèãÀ¥ã 2.5 In case of matured Term Deposits, interest
ãÀ¦ãñ Ôã½ã¾ã º¾ããã ãã ¹ããäÀãÊã¶ã ãäã¾ãã ãã¦ãã Öõý ãä¶ããäÓã¾ã ºãÞã¦ã is accounted for as and when deposits are
ºãöã ãã¦ãñ, ãªãÌããè ºãÞã¦ã ºãöã ãã¦ãñ Ìãâ ãªãÌããè ½ããè¾ããªãè ã½ããããò renewed. In respect of Inoperative Savings
ãñ ½ãã½ãÊããò ½ãò º¾ããã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ Bank Accounts, unclaimed Savings Bank
accounts and unclaimed Term Deposits,
ãã£ããÀ ¹ãÀ ¹ããäÞã¦ã ãäã¾ãã ãã¦ãã Öõý interest is accrued as per RBI guidelines.
2.6 Ìããª ªã¾ãÀ ãã¦ããò ½ãò ãã¶ãî¶ããè ãÞããô ããñ Êãã¼ã-Öããä¶ã ãã¦ãñ ½ãò ãäÊããã 2.6 Legal expenses in respect of Suit Filed
ãã¦ãã Öõ ý ñÔãñ ãã¦ããò ½ãò ÌãÔãîÊããè Öãñ ãã¶ãñ ¹ãÀ Ôãñ ãã¾ã ½ãò ãäÊã¾ãã Accounts are charged to Profit and Loss
Account. Such amount when recovered is
ãã¦ãã Öõ ý
treated as income.
2.7 ãäÌãªñÍããè Íããããããò ãñ ½ãã½ãÊããò ½ãò, ãã¾ã ããõÀ Ì¾ã¾ã ãã ããä¼ããã¶ã/ 2.7 In respect of foreign branches, Income &
ãäÖÔããºã Ôãâºãâãä£ã¦ã ªñÍããò ½ãò ÊããØãî Ô©ãã¶ããè¾ã ãã¶ãî¶ã ãñ ã¶ãìÔããÀ ãäã¾ãã Expenditure are recognized / accounted for
Øã¾ãã Öõ ý as per local laws of the respective countries.
3. Foreign exchange Transactions of Indian
3. ¼ããÀ¦ããè ¾ ã ¹ããä À ÞããÊã¶ããò ãñ ãä Ì ãªñ Í ããè ãä Ì ããä ¶ ã½ã¾ã Êãñ ¶ ãªñ ¶ ã Operations
3.1 ¶ããùÔÈãñ Ìãâ Ôããè¾ãî ¡ãùÊãÀ ãã¦ããò ãñ ÍãñÓã, ãâãä¦ã½ã ªÀãò ¹ãÀ ãäªãã 3.1 Balances in NOSTRO and ACU Dollar
Øã¾ãñ Öö ý û¹ãÔããè¶ãããÀ/ÃÃû¹ãÔããè / ããÀû¹ãÔããè/ û¹ãÔããè (Ôã¼ããè accounts are stated at closing rates. FCNR/
ãäÌãªñÍããè ½ãì³ã ã½ããú ¦ã©ãã ¶ã¹ãÀ ¹ããäÞã¦ã º¾ããã) ããõÀ ¹ããèÔããèû¹ãÔããè EEFC/RFC/FCA (all foreign currency deposits
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/ ¡ºãÊ¾ãîÔããèû¹ãÔããè /ãèÊãû¹ãÔããè / û¹ãÔããèÊã (Ôã¼ããè ãäÌãªñÍããè including interest accrued thereon) and
PCFC/WCFC/TLFC/FCL (all foreign currency
½ãì³ã £ããÀ ) ããñ ãä¦ã½ããÖãè ãñ ãâãä¦ã½ã Ôã¹¦ããÖ ãñ ãäÊã ÊããØãî ¹ãñ¡ãÃ
lendings) are stated at the FEDAI weekly
ããè Ôãã¹¦ãããäÖã ããõÔã¦ã¶ã ªÀ ãñ ã¶ãìÔããÀ ãäªãã¾ãã Øã¾ãã Öõ ý ã¶¾ã average rate applicable for the last week of
ãããäÔ¦ã¾ããò, ªñ¾ã¦ããããò ããõÀ ãäÌãªñÍããè ½ãì³ãããò ½ãò ½ãîÊ¾ã-ÌãØããêãð¦ã the quarter. Other Assets, Liabilities and
ºããã¾ãã Ìãã¾ãªã ÔãâãäÌãªãããò ããñ Êãñ¶ãªñ¶ã ããè ¦ããÀãèã ããè ¹ãÆÞããäÊã¦ã Outstanding Forward Contracts denominated
in foreign currencies are stated at the rates
ªÀãò ¹ãÀ ãäªãã¾ãã Øã¾ãã Öõý on the date of transaction.
Ôã¼ããè ãããäÔ¦ã¾ããò, ªñ¾ã¦ããããò ¦ã©ãã û¹ãñ¡ãÃ ´ãÀã ÔãîãäÞã¦ã ÌãÓããÄ¦ã ããè Profit/Loss on valuation of all assets, liabilities
ãäÌããä¶ã½ã¾ã-ªÀãò ãñ ã¶ãìÔããÀ ºããã¾ãã Ìãã¾ãªã ãäÌããä¶ã½ã¾ã ÔãâãäÌãªãããò ãñ and outstanding forward exchange contracts
½ãîÊ¾ããâã¶ã ¹ãÀ Êãã¼ã-Öããä¶ã ããñ ÀããÔÌã ãñ ãâ¦ãØãÃ¦ã Êãñ ãäÊã¾ãã Øã¾ãã at year-end exchange rates advised by FEDAI
is taken to revenue with corresponding net
Öõ, ãäãÔã ½ãò Ôã½ã¶ãìÂ¹ã ãä¶ãÌãÊã Ôã½ãã¾ããñã¶ããò ããñ, ¶ããùÔÈãñ ,Ìãâ adjustments retained in Other Liabilities and
Ôããè¾ãî ¡ãùÊãÀ ãã¦ããñâ ãñ ½ãã½ãÊããò ããñ ãñü¡ ãÀ ãÖãú ¾ãñ ãã¦ãñ Provisions/ Other Assets Account except
ããä¶¦ã½ã ªÀãñâ ¹ãÀ Ôã½ãã¾ããñãäã¦ã Öãñ ãã¦ãñ Öö, ã¶¾ã ªñ¾ã¦ããú ¦ã©ãã in case of NOSTRO and ACU Dollar accounts
¹ãÆãÌã£ãã¶ã/ ã¶¾ã ãããäÔ¦ã¾ããò ãñ ãã¦ãñ ½ãò ºã¶ãã Àãã Øã¾ãã Öõ ý where the accounts stand adjusted at the
closing rates.
3.2. ãäÌãªñÍããè ½ãì³ãããò ½ãò ½ãîÊ¾ãÌãØããèÃãð¦ã ¼ããÀ¦ããè¾ã ¹ããäÀÞããÊã¶ããò ããè ØããÀâãä¾ããò 3.2 Acceptances, Endorsements and other
ÔããäÖ¦ã ÔÌããèãðãä¦ã, ¹ãðÓãâã¶ã ¦ã©ãã ã¶¾ã ºãã£¾ã¦ããããò ããñ ãä¦ã½ããÖãè ãñ obligations including guarantees of Indian
ãâãä¦ã½ã Ôã¹¦ããÖ ãñ ãäÊã ÊããØãî ¹ãñ¡ãÃ ããè Ôãã¹¦ãããäÖã ããõÔã¦ã¶ã ªÀ operations denominated in foreign currencies
are stated at the FEDAI weekly average rate
ãñ ã¶ãìÔããÀ ãäªãã¾ãã Øã¾ãã Öõ ý applicable for the last week of the quarter.
3.3. ãã¾ã ããõÀ Ì¾ã¾ã Ôãâºãâ£ããè ½ãªãò ããñ, Êãñãã-ºããäÖ¾ããò ½ãò, ¶ããñ Êãñ¶ãªñ¶ã 3.3 Income and Expenditure items are translated
ãäã ãã¶ãñ ããè ¦ããÀãèã ããñ ÊããØãî ãäÌããä¶ã½ã¾ã ªÀ ¹ãÀ ãäªãã¾ãã Øã¾ãã at the exchange rate ruling on the date of
incorporating the transaction in the books
Öõý of account.
4. ãä Ì ãªñ Í ããè Íããããããò ãñ ãä Ì ã§ããè ¾ ã ãä Ì ãÌãÀ¥ããò ãã 4. Translation of the Financial Statements of
Â¹ããâ ¦ ãÀ¥ã Foreign Branches
ãäÌãªñÍããè Íããããããò ããè ãããäÔ¦ã¾ããò Ìãâ ªñ¾ã¦ããããò ãã Â¹ããâ¦ãÀ¥ã ããñ Assets and Liabilities of Foreign branches
ÌãÓããÄ¦ã ããä¶¦ã½ã ªÀ ÊãñãããÀ¥ã ½ãòñ ½ãã¶ãª¥¡ 11 ãã ã¶ãì¹ããÊã¶ã are translated at the year-end closing rate
in compliance with Accounting Standard 11
ãÀ¦ãñ Öí ãäã¾ãã Øã¾ãã ããõÀ ÔãÔãñ ¹ãÆã¹¦ã ãìÊã Êãã¼ã / Öããä¶ã ããñ ãºã and the net gain/ loss arising out of this is
¦ãã ãä¶ãÌãÊã ãä¶ãÌãñÍã ãã ãä¶ã¹ãã¶ã ¶ãÖãé Öãñ¦ãã ¦ãºã ¦ãã ãäÌãªñÍããè ½ãì³ã kept under Foreign Currency Translation
Â¹ãã¶¦ãÀ¥ã ãäÀûãÌãÃ ãñ ¦ãÖ¦ã Àãã ããØãã ý Reserve until the disposal of the net
investment.
5. ãä ¶ ãÌãñ Í ã 5. Investments
5.1 ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ããÀãè ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ¼ããÀ¦ã ½ãò
5.1 Investments in India are classified into Held
ãäã¾ãñ Øã ãä¶ãÌãñÍã ããñ Ì¾ãã¹ããÀ ãñ ãäÊã £ãããäÀ¦ã, ãäºãããè ãñ for Trading, Available for Sale and Held
ãäÊã ¹ãÊãº£ã ããõÀ ¹ããäÀ¹ããÌã¦ãã ¦ãã £ãããäÀ¦ã ¹ãÆÌãØããô ½ãò ÌãØããêãð¦ã to Maturity categories in line with the
ãäã¾ãã Øã¾ãã Öõ ý ¶ã ãä¶ãÌãñÍããò ãñ ½ãîÊ¾ããâã¶ã ããõÀ ¹ãÆããèãÀ¥ã ããñ guidelines from Reserve Bank of India.
ãä¶ã½¶ã ãäÊããäã¦ã 6 ÌãØããóâ ½ãò ãäªãã¾ãã Øã¾ãã Öõ : Valuation and disclosures of Investments are
made under six classifications viz.,
ã) ÔãÀããÀãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú (Àã¾ã ÔãÀããÀ ããèñ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ÔããäÖ¦ã) a) Government securities (including State
ã) ã¶¾ã ã¶ãì½ããñãäª¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããú Government securities),
Øã) Íãñ¾ãÀ b) Other Approved securities,
c) Shares,
Üã) ºããù¥¡áÔã Ìãâ ãä¡ºãòÞãÀ
d) Bonds & Debentures,
¡.) ÔãÖã¾ãã/Ôãâ¾ãì§ã ¹ãã½ã e) Subsidiaries / Joint ventures,
Þã) ½¾ãîÞãìãÊã ¹ãâ¡ ¾ãîãä¶ã Ìã ã¶¾ã f) Units of Mutual Funds and Others.
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5.2. ½¾ãîÞãìãÊã ¹ã¥¡ ãñ ¾ãîãä¶ããò Ôãñ ãã¾ã ããõÀ ãÖãú º¾ããã/½ãîÊã£ã¶ã 5.2 Interest on Investments, where interest /
90 ãäª¶ã Ôãñ ¼ããè ããä£ãã ãäª¶ããò Ôãñ ºããã¾ãã Öõ, ÌãÖãú ãä¶ãÌãñÍããò ¹ãÀ principal is in arrears for more than 90 days
and income from units of Mutual Funds is
º¾ããã ããè ¹ãÖÞãã¶ã ãäÌãÌãñã¹ãî¥ãÃ ½ãã¶ãª¥¡ãò ãñ ã¶ãìÔããÀ ¶ããªãè ãã£ããÀ recognised on cash basis as per prudential
¹ãÀ ããè ØãÃ Öõý norms.
5.3 ãä¶ãÌãñÍããò ãã ½ãîÊ¾ããâã¶ã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ããÀãè ãä¶ã½¶ããäÊããäã¦ã 5.3 Valuation of Investments is done in
ãäªÍãã-ãä¶ãªóÍããò ãñ ã¶ãìÔããÀ ãäã¾ãã Øã¾ãã Öõ: accordance with the guidelines issued by
Reserve Bank of India as under:-
5.3.1 Ì¾ãã¹ããÀ ãñ ãäÊã £ãããäÀ¦ã :- Ì¾ããäã¦ãØã¦ã Íãñ¾ãÀãò ããñ Ôã ÌãØãÃ
5.3.1. Held for Trading:- Individual scrips under
(ªãèÜãÃ Ìãâ ÊãÜãì ªãñ¶ããò - Ôã½ãâã¶ã ãäã ãäºã¶ãã) ãñ ¦ãÖ¦ã ½ãîÊã ÊããØã¦ã this category (both long and short-not to
¹ãÀ £ãããäÀ¦ã ãäã¾ãã ãã¦ãã Öõ ý ¶ããã ½ãîÊ¾ããâã¶ã, ãÖãú ãÖãé ¼ããè be netted off) are held at original cost. The
ÊããØãî Öãñ, ºããûããÀ ªÀãò ¹ãÀ ªõãä¶ãã ã¶¦ãÀãÊããò ½ãò ãäã¾ãã ãã¦ãã Öõ ; ¾ãã same is valued at daily basis at market rate,
¹ã ãã ½ã ½ã ¡ãè ´ãÀã ÜããñãäÓã¦ã ããè½ã¦ããò ¹ãÀ ããõÀ Ôã ÌãØãÃ wherever available, or as per the prices
ãñ ã¶¦ãØãÃ¦ã ¹ãÆ¦¾ãñã ÌãØãÃ ½ãò ãä¶ãÌãÊã ½ãîÊ¾ã ÖãÆÔã, ¾ããäª ããñÃ Öõ, ããñ declared by FIMMDA and in respect of each
classification under this category, net
ãã¾ã ½ãò ¹ãÆ¼ãããäÀ¦ã ãäã¾ãã ãã¦ãã Öõ ããõÀ ãä¶ãÌãÊã Ìãðãä®, ¾ããäª ããñÃ depreciation, if any, is charged to revenue
Öõ, ããñ ¶ãûãÀâªãã ãäã¾ãã ãã¦ãã Öõ ý and net appreciation, if any, is ignored.
5.3.2 ãäºãããè ãñ ãäÊã ¹ãÊãº£ã :- Ôã ÌãØãÃ ½ãò Ì¾ããäã¦ãØã¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò 5.3.2. Available for Sale:- Individual securities
ããñ ãä¦ã½ããÖãè ãâ¦ãÀãÊã ¹ãÀ ºããããÀ ½ãîÊ¾ã ããñ ºãÖãè ½ãò ãâãäã¦ã ãäã¾ãã under this category are marked to market
at quarterly intervals. Central Government
ãã¦ãã Öõ ý ãñ ¶³ ÔãÀããÀ ããè ¹ãÆ ã ä ¦ ã¼ãî ã ä ¦ ã¾ããò ããñ ,
securities are valued at market rates declared
¹ã.ãã.½ã.½ã.¡ãè.. ´ãÀã ÜããñãäÓã¦ã ½ãããó ªÀ ¹ãÀ ½ãîÊ¾ããâãäã¦ã by FIMMDA. State Government, other
ãäã¾ãã ãã¦ãã Öõ ý Àã¾ã ÔãÀããÀ, ã¶¾ã ã¶ãì½ããñãäª¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò Approved securities and Debentures / bonds
ããõÀ ãä¡ºãòÞãÀãò / ºããù¥¡ãò ãã ½ãîÊ¾ããâã¶ã ¹ãÆãä¦ã¹ãÊã Àñãã, £ããÀ are valued as per the yield curve, credit
ã¾ã-ãäÌãã¾ã ªÀãò ÌããÀ ¦ã©ãã ¹ã.ãã.½ã.½ã.¡ãè. ´ãÀã ¹ãÆÔ¦ãããäÌã¦ã spread rating-wise and other methodologies
suggested by FIMMDA. Quoted equity
ã¶¾ã ¦ãÀãèûããò ãñ ã¶ãìÔããÀ Öãñ¦ãã Öõ ý ããññ¡ ãäãÌããè Íãñ¾ãÀãò ããñ shares are valued at market rates, Unquoted
ºããûããÀ ªÀ ¹ãÀ ½ãîÊ¾ããâãäã¦ã ãäã¾ãã ãã¦ãã Öõ, ã¶ãããññ¡ ãäãÌããè equity shares and Units of Venture Capital
Íãñ¾ãÀãò ããñ ¹ãÊãº£ã ¶ãÌããè¶ã¦ã½ã ¦ãìÊã¶ã-¹ã¨ã Ôãñ ¹ãÆã¹¦ã ãã¶ãããÀãè ãñ Funds are valued at book value/NAV
ãã£ããÀ ¹ãÀ ºãìã ÌãõÊ¾ãî / ¶ãÌããè ¹ãÀ ½ãîÊ¾ããâãäã¦ã ãäã¾ãã ãã¦ãã Öõ ascertained from the latest available balance
ã¶¾ã©ãã Á.1/- ¹ãÆãä¦ã ã½¹ã¶ããè /¹ã¥¡ ãñ ãã£ããÀ ¹ãÀ ½ãîÊ¾ããâãäã¦ã sheet, otherwise the same is valued at Re.1/
- per Company/Fund.
ãäã¾ãã ãã¦ãã Öõ ý
Treasury Bills and Commercial Papers and
ÈñûãÀãè ãäºãÊããò ããõÀ Ìãããä¥ããä¾ãã ¹ã¨ã ããõÀ ã½ããããò ãñ ¹ãÆ½ãã¥ã ¹ã¨ã Certificate of Deposits are valued at carrying
ããñ ÀããÌã ÊããØã¦ã ¹ãÀ ½ãîÊ¾ããâãäã¦ã ãäã¾ãã ãã¦ãã Öõý ½¾ãìÞãìÌãÊã ¹ã¥¡ cost. Units held in Mutual fund schemes
¾ããñã¶ãã ½ãò £ãããäÀ¦ã ¾ãîãä¶ããò ããñ ¹ãÊãº£ã ºããûããÀ ½ãîÊ¾ã ¾ãã ãäÀ¹ãÞãóûã are valued at Market Price or Repurchase
price or Net Asset Value in that order
½ãîÊ¾ã ¾ãã ¶ãñ Ôãñ ÌãõÊ¾ãî ¹ãÀ ½ãîÊ¾ããâãäã¦ã ãäã¾ãã ãã¦ãã Öõý
depending on availability.
¹ããè¡ãèãã / ¹ããã½ã½ã¡ãè ´ãÀã ãñ¶³ãè¾ã ÔãÀããÀ ããè Valuation of Preference shares is made on
¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ãäÊã Ìãããè½ã ªÀ ãñ ¹ãÀ ¹ã¾ãìã¦ã ½ãîÊ¾ã ºã¤ãõ¦ãÀãè YTM basis with appropriate mark up over
ãñ Ôãã©ã ããä£ã½ãã¶ã¦ãã Íãñ¾ãÀãò ãã ½ãîÊ¾ããâã¶ã Ìãããè½ã ãñ ãã£ããÀ the YTM rates for Central Govt. Securities
¹ãÀ ããÌããä£ãã Â¹ã Ôãñ ãäã¾ãã Øã¾ãã Öõý put out by the PDAI / FIMMDA periodically.
Based on the above valuations under each
¹ã¾ãìÃã¦ã ½ãîÊ¾ããâã¶ã ãñ ãã£ããÀ ¹ãÀ ¹ãÆ¦¾ãñã ÌãØããêãÀ¥ã ãñ ¦ãÖ¦ã
classification, net depreciation, if any, is
ãä¶ãÌãÊã ½ãîÊ¾ã ÖÆãÔã, ¾ããäª ããñÃ Öõ, ããñ ãäª¾ãã ããØãã ããõÀ ãä¶ãÌãÊã provided for and net appreciation, if any is
Ìãðãä® ¾ããäª ããñÃ Öõ, ããñ ¶ããÀâªãã ãäã¾ãã ããØããý ½ãìÊ¾ããâã¶ã ãñ ignored. The book value of the individual
ããÀ¥ã Ôãñ Ì¾ããäã¦ãØã¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ºãÖãè ½ãîÊ¾ã ½ãò ããñÃ ºãªÊããÌã securities would not undergo any change
¶ãÖãé ÖãñØããý due to valuation.
5.3.3. Held to Maturity:- Such investments are
5.3.3 ¹ããäÀ¹ããÌã¦ãã ãñ ãäÊã £ãããäÀ¦ã :-ñÔãñ ãä¶ãÌãñÍããò ããñ ããä£ãØãÆÖ¥ã carried at acquisition cost/ amortized cost.
ÊããØã¦ã / ¹ããäÀÍããñ£ã¶ã ÊããØã¦ã ¹ãÀ ãäÊã¾ãã ãã¦ãã Öõ ý ¹ãÆ¦¾ãñã ¹ãÆãä¦ã¼ãîãä¦ã
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ãñ ãâãäã¦ã ½ãîÊ¾ã ãñ ¹ãÀ ããä£ãØãÆÖ¥ã ÊããØã¦ã ½ãò ¾ããäª ããä£ãã¦ãã The excess, if any, of acquisition cost over
the face value of each security is amortized
Öãñ, Ôãñ ¹ããäÀ¹ããÌã¦ãã ãñ ÍãñÓã ãÌããä£ã ¹ãÀ ¹ããäÀÍããñãä£ã¦ã ãäã¾ãã ãã¦ãã
over the remaining period of maturity.
Öõý ã¶ãìÓãâØããè, ÔãÖ¾ããñØããè ããõÀ ¹ãÆã¾ããñãäã¦ã ÔãâÔ©ããããò ããõÀ ããñãäã½ã Investments in subsidiaries, associates and
¹ãîúããè ãä¶ããä£ã ãñ ¾ãîãä¶ããò ½ãò ãä¶ãÌãñÍããò ããñ ÀããÌã ÊããØã¦ã ¹ãÀ ½ãîÊ¾ããâãäã¦ã sponsored Institutions and Units of Venture
ãäã¾ãã ãã¦ãã Öõ ý Capital Funds are valued at carrying cost.
5.4 Investments are subject to appropriate
5.4 ¶ã.¹ããè. ÌãØããêãÀ¥ã ãñ ãäÊã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ºã¶ãã provisioning / de-recognition of income, in
Øã ãäÌãÌãñã¹ãî¥ãÃ ½ãã¶ãª¥¡ãò ãñ ã¶ãìÔããÀ ãä¶ãÌãñÍã ãäÞã¦ã ¹ãÆãÌã£ãã¶ã / line with the prudential norms prescribed by
ãã¾ã ããè ã¶ããä¼ããã¶ã ãñ ã£ããè¶ã Öõ ý ããäØãÆ½ããò ãñ Â¹ã ½ãò ãä¡ºãòÞãÀãò Reserve Bank of India for NPA classification.
/ ºããù¥¡ãò ããñ ÌãØããêãÀ¥ã ãÀ¶ãñ ãñ ãäÊã ¶Öãé Ôãã½ãã¶¾ã ãäÌãÌãñã¹ãî¥ãÃ Debentures / bonds in the nature of advances
are also subject to usual prudential norms
½ãã¶ãª¥¡ãò ããñ ÊããØãî ãäã¾ãã ãã¦ãã Öõ ããõÀ ¦ãª¶ãìÔããÀ ¹ãÆãÌã£ãã¶ã ãäã¾ãã and accordingly provided for, wherever
ãã¦ãã Öõ ý appropriate.
5.5 ãäãÔããè ¼ããè ÌãØãÃ ½ãò ãä¶ãÌãñÍããò ãñ ãäÌãã¾ã Ôãñ Öãñ¶ãñ ÌããÊãñ Êãã¼ã / Öããä¶ã 5.5 Profit / Loss on sale of Investments in any
category is taken to Profit and Loss account.
ããñ Êãã¼ã / Öããä¶ã ãã¦ãñ ½ãò ãäÊããã ãã¦ãã Öõý “¹ããäÀ¹ããÌã¦ãã ãñ ãäÊã In case of profit on sale of investments in
£ãããäÀ¦ã ÌãØãÃ ½ãò ãä¶ãÌãñÍããò ãñ ãäÌãã¾ã ããè ãã¾ã ãñ ½ãã½ãÊãñ ½ãò, ã Held to Maturity category, an equivalent
Ôã½ãã¶ã ÀããäÍã ¹ãîúããè ããÀãäàã¦ã ãã¦ãñ ½ãò ãäÌããä¶ã¾ããñãäã¦ã ããè ãã¦ããè amount is appropriated to Capital Reserve
Öõý Account.
5.6 Incentive / Front-end fees, etc. received on
5.6 ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ãäÊã ãâÍãªã¶ã Â¹ã ½ãò ¹ãÆã¹¦ã ¹ãÆãñ¦ÔããÖ¶ã / ¹ãÆ¥- subscription to securities are taken to Profit
¥¡-¹ããèÔã ãããäª ããñ Êãã¼ã-Öããä¶ã ãã¦ãñ ½ãò ãäÊããã ãã¦ãã Öõý and Loss account.
5.7 ãäÌãªñÍããè Íããããããò ´ãÀã £ãããäÀ¦ã ãä¶ãÌãñÍããò ãã ÌãØããêãÀ¥ã Ìãâ ½ãîÊ¾ããâã¶ã 5.7 Investments held by Overseas Branches are
classified and valued as per guidelines issued
Ôãâºãâãä£ã¦ã ãäÌããä¶ã¾ãã½ãã ¹ãÆããä£ããããäÀ¾ããò ´ãÀã ããÀãè ãäªÍãããä¶ãªóÍããò ãñ by the respective regulatory authorities.
ã¶ãìÔããÀ ãäã¾ãã ãã¦ãã Öõý
6. Advances
6. ããäØãÆ½ã 6.1 Advances have been classified as Standard,
6.1 ããäØãÆ½ããò ããñ ½ãã¶ãã, ãÌã-½ãã¶ãã, ÔãâªñÖãÔ¹ãª ããõÀ Öããä¶ã- Sub-standard, Doubtful and Loss assets
ã¶ãã ãããäÔ¦ã¾ããú ½ãò ÌãØããêãð¦ã ãäã¾ãã Øã¾ãã Öõ ããõÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ and provisions for possible losses on such
advances are made as per prudential norms
ºãöã ´ãÀã ããÀãè ãäÌãÌãñã¹ãî¥ãÃ ½ãã¶ãª¥¡ãò ãñ ã¶ãìÔããÀ ããõÀ Ôã½ã¾ã- issued by Reserve Bank of India and also
Ôã½ã¾ã ¹ãÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãä¶ãªñÍããò ãñ ã¶ãìÔããÀ ñÔãñ ããäØãÆ½ããò as per the directives of Reserve Bank of India
¹ãÀ Ôãâ¼ããÌ¾ã Öããä¶ã¾ããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ãäã¾ãã Øã¾ãã Öõý ãäÌãªñÍããè from time to time. In case of overseas
Íããããããò ãñ Ôãâºãâ£ã ½ãò, Ôãâºãâãä£ã¦ã ªñÍããò ãñ ãäÌããä¶ã¾ã½ããò ãñ ãã£ããÀ branches, the provision is made on the
respective countrys regulations or as per
¹ãÀ ¹ãÆãÌã£ãã¶ã ºã¶ãã¾ãã ãã¦ãã Öõ ¾ãã ãä¹ãÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ norms of Reserve Bank of India whichever
½ãã¶ãªâ¡ ¹ãÀ, ããñ ¼ããè ÞÞã¦ãÀ Öãñý is higher.
6.2 ûØãõÀ-ãä¶ãÓ¹ããªã ãããäÔ¦ã¾ããò ãñ ãäÊã ºãöã ¶ãñ ãäÌãÌãñã ¹ãî¥ãÃ ½ãã¶ãª¥¡ãò 6.2 The Bank holds floating provision for non-
performing advances over and above the
Ôãñ ããä£ãã ããõÀ ¹ãÀ ãÔ©ããÃ ¹ãÆãÌã£ãã¶ã ãÀ Àãã Öõý ãäÌããä¼ã¸ã prudential norms. Such floating provisions
ãÌããä£ã¾ããò ¹ãÀ ºã¶ãã Øã ãÔ©ããÃ ¹ãÆãÌã£ãã¶ããò ããñ Êãñãã-ãÌããä£ã ãñ built over different periods would not be used
ªãõÀã¶ã ãäãÔããè Êãã¼ã ¾ãã Ôã½ãããÀãè Êãã¼ããâÍã ãñ ãäÊã ¹ãÆ¾ããñØã ½ãò ¶ãÖãé for any profit or dividend equalisation across
Êãã¾ãã ããØããý accounting periods.
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6.3. ½ãã¶ãã ãããäÔ¦ã¾ããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã : 6.3 Provisions on Standard Assets:
ããäØãÆ½ã ãã ¹ãÆããÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ Type of Advance Provision made as per
ãäªÍãããä¶ãªóÍããò ãñ ãã£ããÀ ¹ãÀ ¹ãÆãÌã£ãã¶ã RBI Guidelines
ã) ãðãäÓã Ìãâ Ôã½ãÃ àãñ¨ã ãñ ¹ãÆ¦¾ãàã ããäØãÆ½ã 0.25% a) Direct Advances to Agriculture &
SME Sector 0.25%
ãã) Ìãããä¥ã¾ãã Ô©ããÌãÀ Ôãâ¹ãªã àãñ¨ã ãñ ããäØãÆ½ã 1% b) Advances to Commercial Real Estate Sector 1%
(ã) Ìãâ (ãã) ½ãò ¶ãÖãé ããñü¡ñ Øã Ôã¼ããè All other advances not included in
ã¶¾ã ããäØãÆ½ã 0.40% (a) & (b) 0.40%
¹ãÀ ªãè ØãÃ ã¹ãñàããããò Ôãñ ããä£ãã ¾ãã ¹ãÀ ¾ããäª ½ãã¶ãã ããäØãÆ½ããò Provision held, if any for Standard Advances,
over and above the requirements stated
ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ãäª Øã Öö ¦ããñ Ìãñ ¼ããäÌãÓ¾ã ½ãò ½ãã¶ãã ããäØãÆ½ããò ãñ above would continue to be held for future
¹ãÆãÌã£ãã¶ã ã¹ãñàããããò ãñ ãäÊã Àãñã ãäÊã¾ãã ããØãã ããõÀ ¶Öò Êãã¼ã- requirements of Provision towards Standard
Öããä¶ã ãã¦ãñ ½ãò ¶ãÖãé ¡ãÊãã ããØããý Advances and shall not bereversed to Profit
& Loss a/c.
6.4. ½ãã¶ãã ããäØãÆ½ããò ãñ ãäÊã ãäã Øã Ôãã½ãã¶¾ã ¹ãÆãÌã£ãã¶ããò ããñ ãñü¡ãÀ
6.4 Advances are stated net of provisions except
ããäØãÆ½ããò ããñ ¹ãÆãÌã£ãã¶ããò ãñ ãä¶ãÌãÊã ãñ Â¹ã ½ãò ãäªãã¾ãã Øã¾ãã Öõý general provisions for standard advances.
7. ÔÌã¥ãÃ - ããÀãñ º ããÀ 7. Gold Business
ÔÌã¥ãÃ ãñ ã¾ã-ãäÌãã¾ã ãñ ããä¦ããäÀã¦ã ã¶¾ã Êãñ¶ã-ªñ¶ããò ããè Øã¥ã¶ãã Transactions in Gold other than purchase and
¹ãÆÞããäÊã¦ã ããÊ¹ããä¶ãã ªÀ ¹ãÀ ããè ãã¦ããè Öõý sale are accounted for at prevalent notional
rates.
8. ¡ñ ã ä À Ìãñ ã ä ÌÔã 8. Derivatives
8.1. º¾ããã ÔããäÖ¦ã ãããäÔ¦ã¾ããò / ªñ¾ã¦ããããò ããè ¹ãÆãä¦ãÀàãã ããõÀ Ì¾ãã¹ããÀ 8.1 The Bank enters into Interest Rate Swaps in
ÿñÍ¾ã ãñ ãäÊã ºãöã ¶ãñ º¾ããã ªÀ ãäÌããä¶ã¾ã½ã¶ã ããÀâ¼ã ãäã¾ãã Öõý order to hedge interest bearing assets /
liabilities, and for trading purposes.
8.2. º¾ããã ªÀ ãäÌããä¶ã¾ã½ã ããñ ¹ãÆãä¦ãÀàãã ÿñÍ¾ã Ôãñ ÔãâãìãäÞã¦ã ãäã Øã Öâõ 8.2 In respect of Interest Rate Swaps which are
ãñ Ôãâºãâ£ã ½ãò ¹ãÆã¹¾ã / ªñ¾ã ãä¶ãÌãÊã Àã½ã ããè ¹ãÖÞãã¶ã ¹ããäÞã¦ã ãã£ãÀ contracted for hedging purposes, the net
¹ãÀ ããè ØãÃ Öõý Ôã ãäÌããä¶ã¾ã½ã ãñ Ôã½ãã¹ã¶ã ¹ãÀ Öì Êãã¼ã ã©ãÌãã amount receivable / payable is recognized
Öããä¶ã ããñ ããÔ©ããäØã¦ã ãäã¾ãã Øã¾ãã Öõ ããõÀ Ôãããè ¹ãÖÞãã¶ã ãäÌããä¶ã¾ã½ã¶ã on accrual basis. Gains or losses on
termination on swaps are deferred and
ããè ºãÞããè ÖìÃ ÔãâãäÌãªã¦½ãã ãÌããä£ã Ôãñ ¹ãÀ ã©ãÌãã ãããäÔ¦ã / recognized over the remaining contractual
ªñ¾ã¦ãã ããè ºãÞããè ÖìÃ ãÌããä£ã, Ôã½ãò Ôãñ ããñ ¼ããè ¹ãÖÊãñ Öãñ, ãñ life of the swaps or the remaining life of the
ãã£ããÀ ¹ãÀ ããè ØãÃ Öõý ñÔãñ º¾ããã ªÀ ãäÌããä¶ã¾ã½ã¶ã ããñ ºãÖãè ½ãîÊ¾ã assets/ liabilities, whichever is earlier. Such
½ãò ãâãäã¦ã ãäã¾ãã Øã¾ãã Öõ, ¹ãÀâ¦ãì Ôããñ ¹ãÊãÔÌãÂ¹ã ¹ãÆã¹¦ã Êãã¼ã ¾ãã Interest rate swaps are marked to market,
Öããä¶ã ããñ ½ãã¶¾ã¦ãã ¶ãÖãé ªãè ãã¦ããè, ã¹ãÌããª Ìãñ ½ãã½ãÊãñ Öö, ãÖãú but the resultant gain or loss is not
recognized, except where the swap is
ãäÌããä¶ã¾ã½ã ñÔããè ãããäÔ¦ã / ªñ¾ã¦ãã ãñ Ôãã©ã ¶ãããä½ã¦ã ãäã¾ãã ãã¦ãã Öõ ããñ designated with an asset/ liability which is
Ôããè ¦ãÀÖ ºãÖãè ½ãîÊ¾ã ½ãò ãâãäã¦ã ãäã¾ãã Øã¾ãã Öãñ, ãäãÔããñ ¹ãÊãÔÌãÂ¹ã also marked to market, in which case, the
¹ãÆã¹¦ã Öãñ¶ãñ ÌããÊãñ Êãã¼ã ¾ãã Öããä¶ã ããñ ã£ããñØã¦ã ãããäÔ¦ã / ªñ¾ã¦ãã ãñ resulting gain or loss is recorded as an
ºããûããÀ ½ãîÊ¾ã ããè Öª ¦ãã Ôã½ãã¾ããñãäã¦ã ãÀ¶ãñ ãñ Â¹ã ½ãò ªãÃ ãäã¾ãã adjustment to the market value of the
underlying asset / liability.
Øã¾ãã Öãñý
8.3 Trading Swaps outstanding at the year end
8.3. ²ããñØã ½ãò ¹ãÆÞããäÊã¦ã ½ãâûãîãäÀ¦ã Ôãã½ãã¶¾ã ¹ã®ãä¦ã ãñ ã¶ãìÔããÀ ÌãÓããÄ¦ã are marked to market as per the generally
¹ãÀ ÍãñÓã Ì¾ãã¹ããÀ ãäÌããä¶ã¾ã½ã¶ã ãñ ½ãîÊ¾ã ãã ºãÖãè ½ãò ãâãäã¦ã ãäã¾ãã accepted practices prevailing in the industry
Øã¾ãã ããõÀ ºããûããÀ ªÀ ¹ãÀ ÖìÃ ¹ããäÀÌã¦ãÃ¶ã ããñ Êãã¼ã - Öããä¶ã ãã¦ãã ½ãò and the changes in the market value are
recognized in the Profit & Loss Account.
ãäÊããã Øã¾ããý ¶ã ãäÌããä¶ã¾ã½ããò Ôãñ Ôãâºãâãä£ã¦ã ãã¾ã Ìãâ Ì¾ã¾ã ããñ Income and expenses relating to these swaps
ãä¶ã¹ãã¶ã ¦ããÀãèã ¹ãÀ ¹ãÖÞãã¶ãã Øã¾ããý Ì¾ãã¹ããÀ ãäÌããä¶ã¾ã½ã¶ã ãñ Ôã½ãã¹ã¶ã are recognized on the settlement date.
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¹ãÀ Öì Êãã¼ã - Öããä¶ã ããñ ãã¾ã ¾ãã Ì¾ã¾ã ãñ Â¹ã ½ãò ªãÃ ãäã¾ãã Gains or losses on termination of the trading
Øã¾ããý swaps are recorded as income or expenses.
9 . ãÞãÊã ãããäÔ¦ã¾ããú 9. Fixed Assets
9.1 ¹ãì¶ã½ãÃîÊ¾ããâãäã¦ã ¹ããäÀÔãÀãò ããñ ãñü¡ãÀ Ô©ããÃ ãããäÔ¦ã¾ããò ããñ ñãä¦ãÖããäÔãã 9.1 Fixed Assets except revalued premises are
stated at historical cost and are broadly
ÊããØã¦ã ¹ãÀ ãäªãã¾ãã Øã¾ãã Öõ ããõÀ ãä¶ã½¶ããäÊããäã¦ã ÍããèÓããô ãñ ¦ãÖ¦ã
classified/ grouped under the following heads:
ºãðÖ¦ã Â¹ã Ôãñ ÌãØããêãð¦ã / Ôã½ãîÖºã® ãäã¾ãã Øã¾ãã Öõ:
i) Premises.
i. ¹ããäÀÔãÀ
ii. ¹ãÆãäã¾ãã£ããè¶ã ¹ãîâããè ii) Capital Work-in-progress.
iii. ã¶¾ã ãÞãÊã ãããäÔ¦ã¾ããú ãäãÔã½ãò iii) Other Fixed Assets including
a) £ãã¦ãì ¹ã¶ããêÞãÀ a) Metal Furniture.
b) Êããü¡ãè ãñ ¹ã¶ããêÞãÀ b) Wooden Furniture.
c) ÊãñãäãÈãÊã ¹ããÀ¥ã
c) Electrical Installation.
d) ÌããÖ¶ã
d) Vehicles.
e) ã½¹¾ãîÀ* Íãããä½ãÊã Öö
e) Computers.*
* ¹ãáñÌããÊãñ ããõÀ ¹ãî¥ãÃ ÔÌãããä½ã¦Ìã ÌããÊãñ Ô©ãã¶ã ãñ ãäÌãããÔã ããè ÊããØã¦ã
* ATMs along with cost of development of the
ÔããäÖ¦ã ãè½ã, ã½¹¾ãîÀ ÔãÖã¾ãã ¹ããÀ¥ã ãõÔãñ ¾ãî¹ããèÔã, ºãõÀãè leasehold and freehold sites, computer
ãããäª ããõÀ ¶ãããè ¹ãÆãä¦ãÔ©ãã¹ã¶ã ããè ÊããØã¦ã ããñ ã½¹¾ãîÀ ÍããèÓãÃ ãñ peripherals like UPS, Batteries, etc and their
¦ãÖ¦ã ¹ãîúããèãð¦ã ãäã¾ãã Øã¾ãã Öõý replacement costs are capitalized under the
head computers.
9.2 ½ãîÊ¾ãÖÆãÔã ãã ¹ããäÀãÊã¶ã ¹ãÆºãâ£ã¶ã ´ãÀã ¹ã¾ãì§ã Ôã½ã¢ããè ØãÃ
9.2 Depreciation is provided on straight-line
ãä¶ã½¶ããäÊããäã¦ã ªÀãò ¹ãÀ Ôããè£ããè Àñãã ¹ãªá£ããä¦ã ãñ ã¶ãìÔããÀ ãäã¾ãã method at the rates considered appropriate
Øã¾ãã Öõ : by the Management as under:
¹ããäÀÔãÀ 2.5 % Premises 2.50 %
û¹ã¶ããêÞãÀ 10 % Furniture 10 %
ÊãñãäãÈãÊã ¹ããÀ¥ã,
Electrical Installations,
ÌããÖ¶ã Ìã ãã¾ããÃÊã¾ããè¶ã Ôããã-Ôãã½ãã¶ã 20% Vehicles & Office Equipments 20 %
ã½¹¾ãîÀ 33 1/3 %
Computers 33 1/3 %
ããäØ¶ãÍãã½ãã ¾ãâ¨ã 100 %
Fire Extinguishers 100 %
Ô©ããÃ ãããäÔ¦ã¾ããò ãñ ¹ãì¶ã½ãÃîÊ¾ããâãäã¦ã ¼ããØã ¹ãÀ ½ãîÊ¾ãÖÆãÔã ããñ
Depreciation on revalued portion of the fixed
¹ãì¶ã½ãîÃÊ¾ããâã¶ã ããÀãäàã¦ã ãä¶ããä£ã ãã¦ãñ Ôãñ ãä¶ãããÊããÀ Êãã¼ã-Öããä¶ã assets is withdrawn from revaluation reserve
ãã¦ãñ ½ãò ã½ãã ãÀ ãäª¾ãã Øã¾ãã Öõ ý and credited to profit and loss account.
9.3 ããä£ãØãÆÖ¥ã / ¹ãì¶ã½ãÃîÊ¾ããâã¶ã ããè ¦ããÀãèã ãã ãäÊãÖãûã ãäã ãäºã¶ãã 9.3 Depreciation is provided for the full year
½ãîÊ¾ãÖÆãÔã ãã ¹ãÆãÌã£ãã¶ã ¹ãîÀñ ÔããÊã ãñ ãäÊã ãäã¾ãã Øã¾ãã Öõ ý irrespective of the date of acquisition /
revaluation.
9.4 ãÖãú ãÊãØã-ãÊãØã ÊããØã¦ããò ãã ã¶ãì½ãã¶ã ¶ãÖãé ÊãØãã¾ãã ãã Ôãã¦ãã
9.4 Depreciation is provided on Land and
©ãã, ÌãÖãú ¼ãîãä½ã ããõÀ ¼ãÌã¶ã ¹ãÀ ½ãîÊ¾ãÖÆãÔã ãã ¹ãÆãÌã£ãã¶ã Ôã½ãØãÆ Â¹ã Building as a whole where separate costs
½ãò ãäã¾ãã Øã¾ãã Öõ ý are not ascertainable.
9.5 ¹ãáñ ÌããÊããè Ôãâ¹ããä§ã¾ããò ãñ ½ãã½ãÊãñ ½ãò ¹ãáñ ããè ãÌããä£ã ãñ ªãõÀã¶ã 9.5 In respect of leasehold properties, premium
¹ãÆãèãä½ã¾ã½ã ãã ¹ããäÀÍããñ£ã¶ã ãäã¾ãã Øã¾ãã Öõ ý is amortised over the period of lease.
9.6 ãäÌãªñÍããè Íããããããò ããè Ô©ãã¾ããè ãããäÔ¦ã¾ããò ¹ãÀ ½ãîÊ¾ãÖÆãÔã ãñ ãäÊã 9.6 Depreciation on Fixed Assets of foreign
branches is provided as per the applicable
Ôãâºãâãä£ã¦ã ªñÍã ½ãò ÊããØãî ãã¶ãî¶ã ãñ ã¶ãìÔããÀ ¹ãÆãÌã£ãã¶ã ãäã¾ãã Øã¾ãã laws of the respective countries.
Öõý

86
10. Ôãû ¹ ã-Ôãì ã ä Ì ã£ããú 10. Staff Benefits
10.1. ¹ãªã¶ã Ìã ¹ãòÍã¶ã ªñ¾ã¦ããããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ÌããÔ¦ããäÌãã ãã£ããÀ 10.1 Provision for gratuity and pension liability is
¹ãÀ ãäã¾ãã Øã¾ãã Öõ ããõÀ Ôãñ ã¶ãì½ããñãäª¦ã ¹ãªã¶ã Ìãâ ¹ãòÍã¶ã ãä¶ããä£ã made on actuarial basis and contributed to
approved Gratuity and Pension Fund.
½ãò ãâÍãªããä¶ã¦ã ãäã¾ãã Øã¾ãã Öõ ý ÊãñãããÀ¥ã ½ãã¶ãã 15 ãã
Provision for encashment of accumulated
ã¶ãì¹ããÊã¶ã ãÀ¦ãñ Öí ÔãñÌãããä¶ãÌãðãä§ã ¾ãã ã¶¾ã©ãã ¹ãÀ Ôãâªñ¾ã ìáãè leave payable on retirement or otherwise is
¶ããªãèãÀ¥ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ÌãÓãÃ ãñ ãâ¦ã ½ãò ÌããÔ¦ããäÌãã ½ãîÊ¾ã made on actuarial valuation at the year-end,
¹ãÀ ãäã¾ãã Øã¾ãã Öõ ý in compliance with Accounting Standard 15.
10.2 In respect of overseas branches gratuity is
10.2. ãäÌãªñÍããè Íããããããò ãñ ½ãã½ãÊãñ ½ãò ¹ãªã¶ã ãã ãäÖÔããºã Ôãâºãâãä£ã¦ã accounted for as per laws prevailing in the
ªñÍã ½ãò ÊããØãî ãã¶ãî¶ã ãñ ã¶ãìÔããÀ ãäã¾ãã Øã¾ãã Öõ ý respective countries.
11. ãä¶ãÌãÊã Êãã¼ã / Öããä¶ã 11. Net Profit / Loss

Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ½ãò ¹ãÆã ãä¶ãÌãÊã Êãã¼ã / Öããä¶ã ãä¶ã½¶ããäÊããäã¦ã Net Profit / Loss disclosed in the Profit and
ãñ ºããª Öõ û: Loss Account is after:
i. ãã¾ã ããõÀ £ã¶ã ¹ãÀ ãÀãò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã i) Provision for taxes on income and wealth
ii. ½ãã¶ãã ããäØãÆ½ããò ãñ ãäÊã Ôãã½ãã¶¾ã ¹ãÆãÌã£ãã¶ã ããõÀ ã¶ããÃã ii) Provision for non-performing advance and
general provision for Standard Advances
ãããäÔ¦ã¾ããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã
iii. ãä¶ãÌãñÍããò ¹ãÀ ½ãîÊ¾ãÖÆãÔã / ¹ããäÀÍããñ£ã¶ã / ¹ãÆãÌã£ãã¶ã iii) Depreciation/Amortisation/ provision on
investments
iv. ã¶¾ã ãäÀÌããûããè ããõÀ ããÌãÍ¾ãã ¹ãÆãÌã£ãã¶ã
iv) Other usual and necessary provisions
12. ãÀã£ãã¶ã ãñ ãä Ê ã ¹ãÆ ã Ìã£ãã¶ã 12. Provision for Taxation
i. ãÀãò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ã¶ãì½ãããä¶ã¦ã ãÀ ªñ¾ã¦ãã ãñ ãã£ããÀ I) Provision for Taxes has been made on
¹ãÀ ãäã¾ãã Øã¾ãã Öõ ãäãÔã½ãò ÊãñãããÀ¥ã ½ãã¶ãª¥¡ 22 ãñ the basis of estimated tax liability which
ã¶ãì¹ããÊã¶ã ½ãò, ããÔ©ããäØã¦ã ãÀ ãñ ãäÊã ãäã Øã Ôã½ãã¾ããñã¶ã includes adjustments for Deferred Tax in
compliance with Accounting Standard 22.
Íãããä½ãÊã Öö ý
ii) Securities Transactions Tax is charged to
ii. ¹ãÆãä¦ã¼ãîãä¦ã Êãñ¶ãªñ¶ã ãÀ ããñ Êãã¼ã-Öããä¶ã ãã¦ãñ ãñ ãäÊã ¹ãÆ¼ãããäÀ¦ã Profit & Loss Account.
ãäã¾ãã ãã¦ãã Öõý
87
ã¶ãìÔãîÞããè 18 Schedule 18
Êãñ ããò ¹ãÀ ãä ¹¹ããä ¥ ã¾ããú NOTES ON ACCOUNTS
1. Ôã½ãã¾ããñ ã¶ã 1. Reconciliation
ãâ¦ãÀ-ºãöã ããõÀ ãâ¦ãÀ-Íãããã Êãñ¶ãªñ¶ããò ãã Ôã½ãã¾ããñã¶ã 31 ½ããÞãÃ, Reconciliation of inter-bank and inter-branch
transactions has been completed up to 31st
2010 ¦ãã ¹ãîÀã ãÀ ãäÊã¾ãã Øã¾ãã Öõ ý ºããã¾ãã ¹ãÆãäÌããäÓ¾ããò ãñ March 2010. Steps for elimination of
ãäÌãÊããñ¹ã¶ã ãã ãã¾ãÃ ããÀãè Öõ ý Þãîâãäã ãäÌãÊããñãä¹ã¦ã ããè ãã¶ãñ ÌããÊããè ºããã¾ãã outstanding entries are in progress. Since
¹ãÆãäÌããäÓ¾ããú ¦ã¶ããè ½ãÖ¦Ìã¹ãî¥ãÃ ¶ã Öãñ¶ãñ ãñ ããÀ¥ã ãäãÔããè ¹ãÆããÀ ãñ ¹ãÆãä¦ãØãã½ããè the outstanding entries to be eliminated are
insignificant, no material consequential effect
¹ãÆ¼ããÌã ããè ã¹ãñàãã ¶ãÖãé ããè ãã¦ããèý
is anticipated.
2. ãä ¶ ãÌãñ Í ã 2. Investments:-
2.1 ¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºãöã ãñ ãä¶ãÌãñÍã 2.1 In accordance with RBI guidelines, the
¹ããñÃ¹ããñãäÊã¾ããñ (ªñÍããè)ããñ ¦ããè¶ã ¹ãÆÌãØããô ½ãò ÌãØããêãð¦ã ãäã¾ãã Øã¾ãã Öõ, Investments Portfolio of the bank (domestic)
ããñ Ôã ¹ãÆããÀ Öõ : has been classified into three categories, as
given below: -
¹ãÆÌãØãÃ ÔããÊã ºãÖãè ½ãîÊ¾ã ãìÊã ãä¶ãÌãñÍããò Category Gross Book Value Percentage to
(Á. ãÀãñü¡ãò ½ãò ) ãã ¹ãÆãä¦ãÍã¦ã (Rs. in crore) Total Investments
31.03.2010 31.03.2009 31.03.2010 31.03.2009 31.03.2010 31.03.2009 31.03.2010 31.03.2009
¹ããäÀ¹ããÌã¦ãã ãñ ãäÊã £ãããäÀ¦ã 25520.35 22901.12 69.36 75.09 Held to Maturity 25520.35 22901.12 69.36 75.09
ãäºãããè ãñ ãäÊã ¹ãÊãº£ã 11263.35 7596.07 30.61 24.91 Available for Sale 11263.35 7596.07 30.61 24.91
Held for Trading 11.39 Nil 0.03 Nil
Èñãä¡âØã ãñ ãäÊã £ãããäÀ¦ã 11.39 Íãî¶¾ã 0.03 Íãî¶¾ã
2.2 SLR Securities under Held to Maturity
2.2 ¹ããäÀ¹ããÌã¦ãã ãñ ãäÊã £ãããäÀ¦ã ãñ ¦ãÖ¦ã ÔãÊãããÀ ¹ãÆãä¦ã¼ãîãä¦ã¾ããú accounted for 22.39% of banks Demand and
¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã 25 % ããè Ôããè½ãã ãñ ãâªÀ Time liabilities as at the end of March 2010,
which is within the ceiling of 25% stipulated
Öõâ ããñ ½ããÞãÃ 2010 ããè Ôã½ãããä¹¦ã ¦ãã ºãöã ããè ½ããâØã Ìã ÔããÌããä£ã
by RBI.
ªñ¾ã¦ããããò ãã 22.39% ÀÖãèâ ý
2.3 In respect of Held to Maturity category of
2.3 ¹ããäÀ¹ããÌã¦ãã ãñ ãäÊã £ãããäÀ¦ã ¹ãÆÌãØãÃ ãñ ãä¶ãÌãñÍããò ãñ Ôãâºãâ£ã ½ãò Investments, premium of Rs.114.47 crores was
amortised during the year (Previous year
Á.114.47 ãÀãñü¡ ãñ ¹ãÆãèãä½ã¾ã½ã (ãä¹ãÊãñ ÌãÓãÃ Á.222.61 ãÀãñü¡) Rs.222.61 crores).
ãã Ôã ÌãÓãÃ ãñ ªãõÀã¶ã ¹ããäÀÍããñ£ã¶ã ãÀ ãäª¾ãã Øã¾ãã Öõ !
2.4 Securities of face value of Rs.100 crores
2.4 Ôã½ã¢ããõ¦ãã ØããÀâãè ãä¶ããä£ã ãñ ¹ãÆãä¦ã Á.100 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãÃ (previous year Rs.100 crores) towards
Settlement Guarantee Fund and securities for
Á.100 ãÀãñü¡) ãñ ãâãäã¦ã ½ãîÊ¾ã ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããõÀ Rs. 4855 crores (previous year Rs.2200 crores)
Ôãâ¹ãããäÍÌãÃããèãð¦ã £ããÀ ããõÀ ¨ãÉ¥ã ºãã£¾ã¦ããããò ãñ ¦ãÖ¦ã £ããÀ ãñ towards collateral for borrowing under
ãäÊã Ôãâ¹ãããäÍÌãÃã ãñ ¹ãÆãä¦ã Á.4855 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãÃ Á.2200 Collateralised Borrowing and Lending
Obligations have been kept with Clearing
ãÀãñü¡) ãñ ãâãäã¦ã ½ãîÊ¾ã ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããñ ãäãÊã¾ããäÀâØã ãã¹ããóÀñÍã¶ã
Corporation of India Ltd.
ãã¹ã âãä¡¾ãã ãäÊã. ½ãò Àãã Øã¾ãã Öõý
2.5 Shares under Investments in Schedule 8
2.5 ã¶ãìÔãîÞããè 8 ½ãò ãä¶ãÌãñÍããò ãñ ¦ãÖ¦ã Íãñ¾ãÀãò ½ãò Á. 21,89,07,080/- (ãä¹ãÊãñ includes Rs.21,89,07,080/- (Previous year
Rs.21,89,07,080/-) being advance towards
ÌãÓãÃ Á 21,89,07,080/-) ãñ Íãñ¾ãÀ Íãããä½ãÊã Öö, ããñ ããºãâ¶ã
share capital in Regional Rural Banks pending
ãñ Êãâãäºã¦ã ÀÖ¦ãñ àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãöããò ½ãò Íãñ¾ãÀ ¹ãîúããè ãñ ¹ãÆãä¦ã allotment of shares.
ããäØãÆ½ã Â¹ã ½ãò Ööý
88
3. ããäØãÆ½ã 3. Advances
3.1 The Classification for advances and provisions
3.1 ããäØãÆ½ããò ãã ÌãØããêãÀ¥ã Ìãâ Ôãâ¼ãããäÌã¦ã Öããä¶ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã
for possible Loss has been made as per
¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ´ãÀã ããÀãè ¹ãÆãÌã£ãã¶ããèãÀ¥ã Ôãâºãâ£ããè ½ãã¶ãªâ¡ãò prudential norms issued by Reserve Bank
ãñ ã¶ãìÔããÀ ãäã¾ãã Øã¾ãã ý of India.
3.2 Claims pending settlement and claims yet
3.2 ØããÀâãè ÔãâÔ©ããããò ãñ ¾ãÖãú ãä¶ã¹ããÀñ ãñ ãäÊã Êãâãäºã¦ã Ìã ªã¾ãÀ ãäã to be lodged with Guarantee Institutions
ãã¶ãñ ÌããÊãñ ñÔãñ ªãÌããò, ãäã¶ãããè Íããããããò ¶ãñ ¹ãÖÞãã¶ã ããè Öõ, ¹ãÀ identified by the branches have been
¹ãÆãÌã£ãããä¶ãã ã¹ãñàããããò ãñ ãäÊã ãäÌãÞããÀ ãäã¾ãã Øã¾ãã Öõ Ôã ãã£ããÀ considered for provisioning requirements on
¹ãÀ ãäã ñÔãñ ªãÌãñ Ìãõ£ã Ìã ÌãÔãîÊããè¾ããñØ¾ã Ööý the basis that such claims are valid and
recoverable.
3.3 ãããäÔ¦ã ÌãØããêãÀ¥ã ããõÀ ãã¾ã ããè ¹ãÖÞãã¶ã ãñ ªáªñÍ¾ã Ôãñ 3.3 In assessing the realisability of certain
ãì ããäØãÆ½ããò ããè ØããÖãè ããè ãäÔ©ããä¦ã ãã ãä¶ã£ããÃÀ¥ã ãÀ¶ãñ ãñ advances, the estimated value of security,
Central Government guarantees and
ãä Ê ã ¹ãÆ ã ä ¦ ã¼ãî ã ä ¦ ã ãñ ã¶ãì ½ ãããä ¶ ã¦ã ½ãî Ê ¾ã, ãò ³ ÔãÀããÀ ããè
subsequent conduct/ recoveries have been
ØããÀâãä¾ããò ããõÀ ºããª ãñ ããÞãÀ¥ã/ÌãÔãîãäÊã¾ããò ããñ £¾ãã¶ã ½ãò considered for the purpose of asset
Àãã Øã¾ãã Öõ ý classification and income recognition.
3.4 The classification of advances, as certified
3.4 ãÊãñãã-¹ãÀãèãäàã¦ã Íããããããò ãñ Ôãâºãâ£ã ½ãò ããäØãÆ½ããò ãã ÌãØããêãÀ¥ã
by the Branch Managers have been
Íãããã ¹ãÆºãâ£ãããò ´ãÀã ãäã Øã ¹ãÆ½ãã¥ã¶ã ãñ ã¶ãìÔããÀ Öãè ãäã¾ãã incorporated, in respect of unaudited
Øã¾ãã Öõ ý branches.
3.5 The Bank has a floating provision of Rs.
3.5 ºãöã ããè ãäÌã¦¦ããè¾ã ãäÔ©ãÀ¦ãã ããñ ½ããºãî¦ã ãÀ¶ãñ ããè ÒãäÓ Ôãñ 171.36 Crores (Previous Year Rs.171.36
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã ¶¾ãî¶ã¦ã½ã ¹ãÆãÌã£ãã¶ã Ôãñ Crores) in respect of Gross Non-performing
¹ãÀ ÔããÊã ã¶ããÃã ããäØãÆ½ããò ãñ Ôãºãâ£ã ½ãò ºãöã ãñ ¹ããÔã Á. Advances over and above the minimum
171.36 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãÃ 171.36 ãÀãñ¡ ) ãã ããäÔ©ãÀ provision prescribed by RBI with a view to
strengthening the financial stability of the
¹ãÆãÌã£ãã¶ã Öõý Bank.
4 ãÞãÊã ãããäÔ¦ã¾ããú 4. Fixed Assets
4.1 ÌãÓãÃ 2008-09 ãñ ªãõÀã¶ã ºãöã ¶ãñ ã¹ã¶ããè ãäÌãªñÍããè Íããããããò Ôãñ 4.1 During the year 2008-09, the bank has
revalued its premises (land and buildings)
¦ãÀ ã¹ã¶ãñ ¹ããäÀÔãÀãò (¼ãîãä½ã ããõÀ ¼ãÌã¶ã ) ãã ¹ãì¶ã½ãîÃÊ¾ããâã¶ã ãäã¾ãã
other than those at overseas branches and
ããõÀ ãããäÔ¦ã¾ããò ãñ ãäÌã²ã½ãã¶ã ÀããÌã ½ãîÊ¾ã ½ãò Á.1123.55 ãÀãñü¡ added an amount of Rs. 1123.55 crores to
ããñ ü ¡ ãä ª ¾ãã Öõ ý ãããä Ô ¦ã¾ããò ãã ¹ãì ¶ ã½ãî Ã Ê ¾ããâ ã¶ã ¹ãÆ ã ãä £ ããð ¦ã the existing carrying value of assets. The
½ãîÊ¾ããâã¶ãã¦ããÃããòñ ´ãÀã ãäã¾ãã Øã¾ãã Öõý revaluation has been done by approved
valuers.
4.2 ãì ãã¶ãî¶ããè ããõÀ ã¶¾ã ããõ¹ãÞãããäÀã¦ããú Êãâãäºã¦ã ÀÖ¦ãñ ã 4.2 Pending completion of certain legal and
¹ããäÀÔãÀ ãñ Ôãâºãâ£ã ½ãò ÔÌã¦Ìã ãäÌãÊãñããò ãã ãä¶ãÓ¹ããª¶ã/¹ãâããèãÀ¥ã ºãöã other formalities, title deeds have not been
ãñ ¹ãàã ½ãò ¶ãÖãé Öãñ ¹ãã¾ãã Öõ, ãäãÔãããè Àã½ã Á.4.16 ãÀãñü¡ executed / registered in favour of the Bank
in respect of one premises amounting to Rs.
(ãä¹ãÊãñ ÌãÓãÃ : Ôã½¹ããä¦ã¾ããú - Â. 8.35 ãÀãñü¡) Öõ ý 4.16 crores (previous year six properties
Rs.8.35 crores).
4.3 ÌãÓãÃ ãñ ªãõÀã¶ã ãÞãÊã ãããäÔ¦ã ããè ãäºãããè ¹ãÀ Êãã¼ã ãñ Á.1.61
4.3 A sum of Rs.1.61 crores being profit on sale
ãÀãñü¡ ããè Àã½ã ããñ 31.03.2010 ¦ãã ¹ãîâããè ããÀãäàã¦ããè ½ãò
of Fixed Assets during the year has been
ãäÌããä¶ã¾ããñãäã¦ã ãäã¾ãã Øã¾ãã Öõý appropriated to Capital Reserve as on
31.03.2010.
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5. Á¹ã¾ãã º¾ããã ªÀ ÔÌãõ¹ã 5. Rupee Interest Rate Swap:
An amount of Rs.4.69crores (previous year
¹ãÆãä¦ãÀàãã Öñ¦ãì ãäÊã Øã Á¹ã¾ãã º¾ããã ÔÌãõ¹ã ãñ ãä¶ãÀÔã¶ã ¹ãÀ Á.4.69 Rs.8.83 crores) is kept in deferred income
ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãÃ 8.83 ãÀãñü¡) ããè Àã½ã ããñ Êãã¼ããò ãñ ããÀ¥ã on account of gains on termination of Rupee
interest Rate swaps taken for hedging and
ãããäÔ©ãØã¦ã ãã¾ã ½ãò Àãã Øã¾ãã Öõ ããõÀ Ôãñ ÔÌãõ¹ã ããè ÔãâãäÌãªãØã¦ã would be recognized over the remaining
ÍãñÓã ãÌããä£ã ¾ãã ãããäÔ¦ã¾ããò / ªñ¾ã¦ããããò ããè ãÌããä£ã, ããñ ¼ããè ¹ãÖÊãñ contractual life of swap or life of the assets/
Öãñ, ãñ ãäÊã ½ãã¶¾ã¦ãã ªãè ããØããèý liabilities, whichever is earlier.
6. Capital and Reserves:
6. ¹ãî â ããè Ìãâ ããÀãä à ããä ¦ ã¾ããú
6.1 During the year, the Bank has raised Tier II
6.1 ÌãÓãÃ ãñ ªãõÀã¶ã ºãöã ¶ãñ ãä¶ã½¶ã / ÞÞã ã¾ãÀ II ºããù¥¡ ããÀãè ãÀãñ Capital amounting to Rs.800.00 Crores
Á.800.00 ãÀãñü¡ Àã½ã (ãä¹ãÊãñ ÌãÓãÃ Á 955.30ãÀãñü¡ ) ããè (previous year Rs.955.30 Crores) by issue
of Lower / Upper Tier II Bonds.
ã¾ãÀ II ¹ãîâããè ã¨ã ããèý
6.2 The Bank also raised Rs.300 Crores (Previous
6.2 ºãöã ¶ãñ ã¾ãÀ 1 ãñ Â¹ã ½ãò Íãããä½ãÊã ãÀ¶ãñ Öñ¦ãì ¹ãã¨ã Ô©ããÃ ºããù¥¡ Year Nil) by way of Perpetual Bonds eligible
ãñ Â¹ã ½ãò Á 300.00 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãÃ - Íãî¶¾ã ) ã¨ã for inclusion as Tier I Capital.
ãäãý 7. Taxes
Taking into consideration the decisions of
7. ãÀ Appellate Authorities, judicial pronouncements
and the opinion of tax experts, no provision
ã¹ããèÊãã¦ããÃ ¹ãÆããä£ããããäÀ¾ããò ãñ ãä¶ã¥ãÃ¾ããò, ¶¾ãããä¾ãã ÔãâÜããñÓã¥ããããò ããõÀ
has been considered necessary in respect
ãÀ-ãäÌãÍãñÓãããò ããè Àã¾ã ¹ãÀ ãã¹ããè ãäÌãÞããÀ ãÀ¶ãñ ãñ ºããª, ãã¾ã ãÀ of disputed and other demands of income
Ôãñ Ôãâºãâãä£ã¦ã Á.406.92 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãÃ Á.639.15 ãÀãñü¡) tax amounting to Rs.406.92 crores (previous
ããè ãäÌãÌãããäª¦ã Àã½ã ããõÀ ã¶¾ã ½ããúØããò ãñ Ôãâºãâ£ã ½ãò ãäãÔããè ¹ãÆããÀ year Rs.639.15 crores)
ãã ¹ãÆãÌã£ãã¶ããèãÀ¥ã ãÀ¶ãã ããÌãÍ¾ãã ¶ãÖãé Ôã½ã¢ãã Øã¾ãã ý 8. Salaries
The bank holds a provision of Rs.406 Crores
8. Ìãñ ¦ ã¶ã as at 31.03.2010 towards arrears of salaries
for the period from November 2007 to March
31 03 2010 ¦ãã ºãöã ãñ ¹ããÔã ¶ãÌã½ºãÀ 2007 Ôãñ ½ããÞãÃ 2010 2010 on an estimated basis. Provision made
¦ãã ããè ãÌããä£ã ãñ ãäÊã ã¶ãì½ãããä¶ã¦ã ãã£ããÀ ¹ãÀ Ìãñ¦ã¶ã ãñ ºããã¾ããò during the year on this account is Rs.202
ãñ ãäÊã Á.406 ãÀãñü¡ ãã ¹ãÆãÌã£ãã¶ã £ãããäÀ¦ã Öõ ý Ôã ÌãÓãÃ ãñ crores (including Rs.34 Crores relating to
ªãõÀã¶ã Ôã ãã¦ãñ ½ãò Á 202 ãÀãñü¡ ãã ¹ãÆãÌã£ãã¶ã (ãä¹ãÊãñ ÌãÓãÃ ãñ previous year).
Á.34 ãÀãñü¡ ããñ ãä½ãÊãã ãÀ) ãäã¾ãã Øã¾ãã Öõý 9. Profit and Loss Account
The profit for the year includes an amount
9. Êãã¼ã Ìã Öããä ¶ ã ãã¦ãã of Rs 4.89 Crores, representing amount
Ôã ÌãÓãÃ ãñ ãäÊã Êãã¼ã ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãä¶ãªñÍããò ãñ transferred from Blocked Nostro Accounts as
per RBI directives. The amount has been
ã¶ãìÔããÀ ºÊããùã ãäã Øã ¶ããÔÈãñ ãã¦ããò Ôãñ Á. 4.89 ãÀãñü¡ appropriated to Other Revenue Reserves.
Íãããä½ãÊã Öõ ý Ôã Àã½ã ãã ãäÌããä¶ã¾ããñã¶ã ã¶¾ã ÀããÔÌã ããÀãäàããä¦ã¾ããò
10. Agricultural Debt Waiver and Debt Relief
½ãò ãäã¾ãã Øã¾ãã ý Scheme 2008
10 ãðãäÓã ¨ãÉ¥ã ½ãã¹ããè ããõÀ ¨ãÉ¥ã ÀãÖ¦ã ¾ããñã¶ãã 2008 10.1 In terms of Agricultural Debt Waiver and Debt
Relief Scheme 2008, framed by the
10.1 ¼ããÀ¦ã ÔãÀããÀ ´ãÀã ¦ãõ¾ããÀ ãðãäÓã ¨ãÉ¥ã ½ãã¹ããè ããõÀ ¨ãÉ¥ã ÀãÖ¦ã Government of India, the Bank has received
¾ããñã¶ãã 2008 ããè Íã¦ããô ãñ ã¶ãìÔããÀ Á.580.88 ãÀãñü¡ ããè Rs. 371.97 crores towards 1 st and 2 nd
installment from Reserve Bank of India on
¨ãÉ¥ã ÀãÖ¦ã ããè ¹ãã¨ã Àã½ã ½ãò Ôãñ ºãöã ããñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã Ôãñ
account of loans to small and marginal
ÊãÜãì Ìãâ Ôããè½ãã¶¦ã ãðÓãããò ããñ ¨ãÉ¥ããò ãñ ãäÊã ¹ãÖÊããè Ìã ªîÔãÀãè farmers, out of the amount eligible for debt
ãäãÔ¦ã ãñ ãäÊã Á.371.97 ãÀãñü¡ ããè Àã½ã ¹ãÆã¹¦ã ÖìÃ Öõý waiver of Rs.580.88 crores.
90
10.2 ã¦ã ¾ããñã¶ãã ãñ ¦ãÖ¦ã ¼ããÀ¦ã ÔãÀããÀ Ôãñ ºããã¾ãã Á.208.91 10.2 The balance amount due from the
Government of India under the above
ãÀãñü¡ ããè ÍãñÓã Àã½ã ¡ãè¡ºÊ¾ãî ããõÀ ¡ãèããÀÔã 2008 ãñ scheme amounting to Rs.208.91 crores is
ãäÊã ¼ããÀ¦ã ÔãÀããÀ Ôãñ ¹ãÆã¹¾ã ªãÌãñ ãñ Â¹ã ½ãò ªÍããÃÃ ØãÃ Öõ ããõÀ shown as Claim Receivable from Government
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ¹ããäÀ¹ã¨ã ããè ã¶ãìÔãîÞããè 9 ½ãò ããäØãÆ½ããò ãñ of India for ADW&DRS 2008 and included
¦ãÖ¦ã Íãããä½ãÊã ããè ØãÃ Öõý under advances in Schedule 9 as per Reserve
Bank of India circular.
11 Ñããè ÔãìÌã¥ãÃ ÔãÖããÀãè ºãöã ãäÊããä½ãñ¡ 11 Shree Suvarna Sahakari Bank Ltd
ÞããÊãî ãäÌã¦¦ããè¾ã ÌãÓãÃ ½ãò ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ¦ã©ãã ã¶¾ã During the current financial year, the Bank
has taken over specific assets and liabilities
¹ãÆããä£ããããäÀ¾ããò ãñ ã¶ãì½ããñª¶ã Ôãñ 19.05.2009 ããñ ããÀãñºããÀ Ôã½ãããä¹¦ã of M/s. Shree Suvarna Sahakari Bank Ltd.,
ãñ Ôã½ã¾ã Ôãñ ½ãñÔãÔãÃ Ñããè ÔãìÌã¥ãÃ ÔãÖããÀãè ºãöã ãäÊããä½ãñ¡, ¹ãì¥ãñ Pune (which was under moratorium), with
(ããñ ¹ãÖÊãñ ããä£ãÔ©ãØã¶ã ½ãò ©ãã )ããè ãäÌããäÍãÓ ãããäÔ¦ã¾ããò Ìã ªñ¾ã¦ããããò effect from the close of business on 19.05.2009
with the approval of RBI and other
ããñ Êãñ ãäÊã¾ãã Öõ ý ããä©ã¦ã ¦ããÀãèã ¦ãã Êããè Øã¾ããè ãããäÔ¦ã¾ããò Ôãñ authorities. The deficit representing excess
ããä£ãã ªñ¾ã¦ããããò ããè Á 246.52 ãÀãñü¡ ããè Üããã Àã½ã ããñ of liabilities over assets taken over as on
¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ´ãÀã ã¶ãì½ã¦ã ã¶ãìÔããÀ ¦ããè¶ã ÌãÓããô ½ãò ãã½ãñãäÊã¦ã the said date amounting to Rs.246.52 crore
ãäã¾ãã ãã¶ãã Öõ ý ºãöã ¶ãñ Üããñ ããè ã ãä¦ãÖãÃ Àã½ã ããñ Á has to be absorbed over a period of three
years, as permitted by Reserve Bank of India.
82.17 ãÀãñü¡ Öõ, ããññ Ìã¦ãÃ½ãã¶ã ÌãÓãÃ ãñ ªãõÀã¶ã ãã½ãñãäÊã¦ã ãäã¾ãã ý The Bank has absorbed one-third of the
Üããñ ããè ÍãñÓã Á 164.35 ãÀãñü¡ Àã½ã 31. 03. 2012 Ôãñ deficit, amounting to Rs.82.17 crores during
¹ãÖÊãñ ãã½ãñãäÊã¦ã ãÀ Êããè ããØããè ý the current year. The balance of deficit
amounting to Rs.164.35 crore will be
ããä ¦ ããä À ã ¦ ã ¹ãÆ ããè ãÀ¥ã absorbed before 31.03.2012.
ADDITIONAL DISCLOSURES
¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ãñ ½ããÔÀ ¹ããäÀ¹ã¨ã ãäª¶ããâã 01 07 2009 ½ãò
In accordance with the guidelines issued by
ãäª ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ãä¶ã½¶ããäÊããäã¦ã ããä¦ããäÀã¦ã
Reserve Bank of India vide Master Circular
¹ãÆããèãÀ¥ã ãäã ãã¦ãñ Öö: dated 1.07.2009, the following additional
disclosures are made :-
1. ¹ãî â ããè
1. Capital:
(Á.ãÀãñü¡ ½ãò) (Rs. In Crore)
ã Ôãâ ãäÌãÌãÀ¥ã 2009-10 2008-09 S.No. Particulars 2009-10 2008-09
i ÔããèããÀããÀ(%) (ºãñÔãÊã I) 14.26% 12.70% i) CRAR (%) (Basel I) 14.26% 12.70%
ii ÔããèããÀããÀ ã¾ãÀ I ¹ãîâããè (%) 8.36% 7.58% ii) CRAR - Tier I Capital (%) 8.36% 7.58%
iii ÔããèããÀããÀ ã¾ãÀ II ¹ãîâããè (%) 5.90% 5.12% iii) CRAR - Tier II Capital (%) 5.90% 5.12%
iv ¼ããÀ¦ã ÔãÀããÀ ããè Íãñ¾ãÀ£ãããäÀ¦ãã iv) Percentage of shareholding of

Government of India 61.23% 61.23%
ããè ¹ãÆãä¦ãÍã¦ã¦ãã 61.23% 61.23%
v) Amount raised by issue of IPDI 300.00 Nil
v ãã¹ããè¡ãèãã ãñ ãä¶ãØãÃ½ã¶ã Ôãñ ããä¨ã¦ã Àã½ã 300.00 Íãî¶¾ã
vi) Amount raised by issue of Upper
Vi ¹ãÆÌãÀ ã¾ãÀ II ãäÊãã¦ããò ãñ ãä¶ãØãÃ½ã¶ã Ôãñ
Tier II instruments 800.00 955.30
ããä¨ã¦ã Àã½ã 800.00 955.30
91
2. ãä¶ãÌãñÍã : 2. Investments:
2.1 ãä¶ãÌãñÍããò ãã ½ãîÊ¾ã 2.1 Value of Investments

( Á ãÀãñ¡ ½ãò ) (Rs. in Crore)
31.03.2010 31.03.2009 31.03.2010 31.03.2009
I. ãä¶ãÌãñÍããò ãã ÔããÊã ½ãîÊ¾ã (i) Gross Value of Investments
i) ¼ããÀ¦ã ½ãò 36795.09 30497.19 (a) In India 36795.09 30497.19
ii) ¼ããÀ¦ã ãñ ºããÖÀ 1086.16 1056.46 (b) Outside India 1086.16 1056.46
II. ½ãîÊ¾ãÖÆãÔã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã (ii) Provision for Depreciation
III. ãä¶ãÌãñÍããò ãã ãä¶ãÌãÊã ½ãîÊ¾ã (iii) Net value of Investments
2.2 - ¼ãìØã¦ãã¶ã Öñ¦ãì ¹ããäÀ¹ããÌã ÖìÃ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ÔããäÖ¦ã ãä¶ãÌãñÍããò ¹ãÀ ½ãîÊ¾ãÖÆãÔã 2.2 Movement of Provision held towards
depreciation on Investments including securities
ãñ ¹ãÆãä¦ã £ãããäÀ¦ã ¹ãÆãÌã£ãã¶ããò ãã ¹ãÆÞãÊã¶ã matured for payment
(Á. ãÀãñü¡ ½ãò)
(Rs. In Crore)
2009-10 2008-09 2009-10 2008-09
i. ããÀâãä¼ãã ÍãñÓã 342.82 314.41 (i) Opening Balance 342.82 314.41
ii. ããñ¡ò :ÌãÓãÃ ãñ ªãõÀã¶ã ãäã Øã ¹ãÆãÌã£ãã¶ã 141.08 253.23 (ii) ADD Provisions made during the year 141.08 253.23
iii. Üããú : ÌãÓãÃ ãñ ªãõÀã¶ã ãäã Øã 249.33 224.82 (iii) LESS Write off/Write Back of excess
ããä£ãã ¹ãÆãÌã£ãã¶ããò ãã provisions during the year 249.33 224.82
ºãáñ ãã¦ãñ ¡ãÊã¶ãã / ¹ãì¶ãÀãâã¶ã ãÀ¶ãã (iv) Closing Balance 234.57 342.82
iv. Ôã½ãã¹ã¶ã ÍãñÓã 234.57 342.82 2.3 Repo transactions:

(Rs in Crore)
2.3 ãäÀ¹ããñ Êãñ¶ãªñ¶ããò
Particulars Minimum Maximum Daily Average As on
(Á ãÀãñü¡ ½ãò) outstanding outstanding outstanding March 31
during the year during the year during the year
ãäÌãÌãÀ¥ã ÌãÓãÃ ãñ ªãõÀã¶ã ÌãÓãÃ ãñ ªãõÀã¶ã
ÌãÓãÃ ãñ ªãõÀã¶ã 31 ½ããÞãÃ ¦ãã 09-10 08-09 09-10 08-09 09-10 08-09 2010 2009
¶¾ãî¶ã¦ã½ã ºããã¾ãã ããä£ãã¦ã½ã ºããã¾ãã
ªõãä¶ãã ããõÔã¦ã ãñ ãäÊã
Securities sold
ºããã¾ãã
09-10 08-09 09-10 08-09 09-10 08-09 2010 2009 under Repos (LAF) 120.00 245.00 595.00 3500.00 222.40 575.68 Nil 245.00
ãäÀ¹ããñ ãñ ¦ãÖ¦ã ºãñÞããè Securities sold

Øã¾ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú
under Repos
(Êã¹ã) 120.00 245.00 595.00 3500.00 222.40 575.68 Íã¶î ¾ã 245.00
(Inter Bank) 4.93 5.51 159.23 375.08 15.64 40.89 Nil Nil
ãäÀ¹ããñ ãñ ¦ãÖ¦ã ºãñÞããè
Øã¾ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú Securities
(ãâ¦ãÀ-ºãöã) 4.93 5.51 159.23 375.08 15.64 40.89 Íã¶î ¾ã Íã¶î ¾ã Purchased under
reverse repo (LAF) 300.00 50.00 7800.00 4700.00 2927.33 307.12 Nil Nil
ãäÀÌãÔãÃ ãäÀ¹ããñ ãñ ¦ãÖ¦ã
ãÀãèªãè Øã¾ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú Securities
(Êã¹ã) 300.00 50.00 7800.00 4700.00 2927.33 307.12 Íã¶î ¾ã Íã¶î ¾ã Purchased under
ãäÀÌãÔãÃ ãäÀ¹ããñ ãñ ¦ãÖ¦ã reverse repo

ãÀãèªãè Øã¾ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú (Inter Bank) Nil 189.98 Nil 698.74 Nil 38.86 Nil Nil
(ãâ¦ãÀ-ºãöã) Íã¶î ¾ã 189.98 Íã¶î ¾ã 698.74 Íã¶î ¾ã 38.36 Íã¶î ¾ã Íã¶î ¾ã
92
2.4 ØãõÀ - ÔãÊãããÀ ãä¶ãÌãñÍã ¹ããñÃ¹ããñãäÊã¾ããñ 2.4 Non-SLR Investment Portfolio
ØãõÀ-ÔãÊãããÀ ãä¶ãÌãñÍããò ããè ããÀãèã¦ããÃ-ÌããÀ ÔãâÀÞã¶ãã Issuer Composition Of Non-SLR Investments

(Rs. in crore)
(Á ãÀãñü¡ ½ãò)
No Issuer Amount Extent of Extent of Extent of Extent of
Ôãâ û ããÀãèã¦ããÃ Àã½ã ãä¶ãããè ãä¶ãÌãñÍã ãñ ØãõÀ ãÔãîãäÞã¦ã Private below Unrated Unlisted
Placement Investment Securities Securities
¹ÊãñÔã½ãò ãã ã½ã Ñãñ¥ããè ããè ªÍãâãä ã¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããú grade
ãäÌãÔ¦ããÀ ¹ãÆãä¦ã¼ãîãä¦ã¾ããú ¹ãÆãä¦ã¼ãîãä¦ã¾ããú ãã ãäÌãÔ¦ããÀ Securities
(1) (2) (3) (4) (5) (6) (7)
(1) (2) (3) (4) (5) (6) (7)
1 ÔããÌãÃããä¶ãã àãñ¨ã ãñ ¹ãã½ã 623.51 595.33 0.00 9.00 15.29 1 PSUs 623.51 595.33 0.00 9.00 15.29
2 FIs 253.48 233.00 0.00 18.21 18.21
2 ãäÌã¦¦ããè¾ã ÔãâÔ©ããú 253.48 233.00 0.00 18.21 18.21
3 Banks 2578.73 2569.25 0.00 0.00 0.00
3 ºãöã 2578.73 2569.25 0.00 0.00 0.00
4 Private Corporates 783.19 650.01 0.00 84.76 114.55
4 ãä¶ãããè ãã¹ããóÀñ 783.19 650.01 0.00 84.76 114.55
5 Subsidiaries /
5 ã¶ãìÓãâØããè / Ôãâ¾ãìã¦ã ²ã½ã 28.50 28.50 0.00 0.00 0.00 Joint Ventures 28.50 28.50 0.00 0.00 0.00
6 ã¶¾ã 196.39 182.60 0.00 45.26 0.00 6 Others 196.39 182.60 0.00 45.26 0.00
7 ½ãîÊ¾ãÖÆãÔã Öñ¦ãì £ãããäÀ¦ã ¹ãÆãÌã£ãã¶ã *127.33 xxx xxx xxx xxx 7 Provision held
ãìÊã 4591.13 4258.69 0.00 157.23 148.05 towards depreciation*127.33 XXX XXX XXX XXX
Total 4591.13 4258.69 0.00 157.23 148.05
* ã¶ããÃã ãä¶ãÌãñÍããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã Ìã ¹ãì¶ãÔãÄÀãäÞã¦ã ãä¶ãÌãñÍããò ¹ãÀ
* Exclusive of provision for non-performing investments
º¾ããã ãñ ¦¾ããØã ããñ ãñü¡ãÀ and interest sacrifice on restructured investments.
2.5 ã¶ããÃã ØãõÀ ÔãÊãããÀ ãä¶ãÌãñÍã 2.5 Non Performing Non SLR Investments
(Á ãÀãñü¡ ½ãò) (Rs. In Crore)
ãäÌãÌãÀ¥ã Àã½ã Particulars Amount
1 ã¹ãÆõÊã 2009 ¦ãã ãã ããÀâãä¼ãã ÍãñÓã 16.83 Opening Balance as on 1st April 2009 16.83
1 ã¹ãÆõÊã Ôãñ ÌãÓãÃ ãñ ªãõÀã¶ã ããñ¡ 0.00 Additions during the year since 1st April 0.00
¹ã¾ãÃìã¦ã ÌãÓãÃ ãñ ªãõÀã¶ã ããõãä¦ã¾ããú 12.72 Reductions during the above period 12.72
31 03 2010 ¦ãã ãã ãâãä¦ã½ã ÍãñÓã 4.11 Closing Balance as on 31st March 2010 4.11
ãì Êã £ãããä À ¦ã ¹ãÆ ã Ìã£ãã¶ã 4.11 Total Provisions held 4.11
3. DERIVATIVES:
3. ¡ñ ã ä À Ìãñ ã ä ÌÔã :
3.1 Forward Rate Agreement / Interest Rate Swap
3.1 Ìãã¾ãªã ªÀ ãÀãÀ / º¾ããã ªÀ ÔÌãõ¹ã
(Rs. in Crore)
(Á.ãÀãñ¡ ½ãò)
PARTICULARS 2009-10 2008-09
Rupee FX Total Rupee FX Total
ãäÌãÌãÀ¥ã 2009-10 2008-09 Exposure Exposure Exposure Exposure
Á¹ã¾ãã ¹ã ãÔã ãìÊã Á¹ã¾ãã ¹ããÔã ãìÊã
ããñãäã½ã ããñãäã½ã ããñãäã½ã ããñãäã½ã i) The notional
principal of swap
agreements 1075.00 1932.60 3007.60 1800.00 1756.42 3556.42
i) ÔÌãõ¹ã ãÀãÀãò ããè
ããÊ¹ããä¶ãã ½ãîÊã Àã½ã 1 0 7 5 . 0 0 1 9 3 2 . 6 0 3 0 0 7 . 6 0 1 8 0 0 . 0 01 7 5 6 . 4 2 3 5 5 6 . 4 2 ii) Losses which
would be incurred
ii) ãÀãÀãò ãñ ¦ãÖ¦ã ¾ããäª if counter-parties
ããâÀ ¹ãããê ã¹ã¶ããè failed to fulfil their
ºãã£¾ã¦ãã ããñ ¹ãîÀã ãÀ¶ãñ ½ãò obligations under
ãÔã¹ãÊã Öãñ¦ããè Öõ ¦ããñ ÔãÔãñ the agreements 23.92 9.16 33.08 54.33 66.58 120.91
Öãñ¶ãñ ÌããÊããè Öããä¶ã 23.92 9.16 33.08 54.33 66.58 120.91 iii) Collateral required
by the bank upon
iii) ÔÌãõ¹ã ãÀ¶ãñ ¹ãÀ ºãöã ´ãÀã entering into swaps Nil Nil Nil Nil Nil Nil
ã¹ãñãäàã¦ã Ôãâ¹ãããäÍÌãÃã ¹ãÆãä¦ã¼ãîãä¦ã Íãî¶¾ã Íãî¶¾ã Íãî¶¾ã Íãî¶¾ã Íãî¶¾ã Íãî¶¾ã
iv) Concentration of
iv) ÔÌãõ¹ã Ôãñ ¦¹ã¸ã ¨ãÉ¥ã credit risk arising
ããñãäã½ã ¹ãÀ ãò³ãèãÀ¥ã Íãî¶¾ã Íãî¶¾ã Íãî¶¾ã Íãî¶¾ã Íãî¶¾ã Íãî¶¾ã from the swap Nil Nil Nil Nil Nil Nil
v) ÔÌãõ¹ã ºãÖãè ãã ãäÞã¦ã ½ãîÊ¾ã 13.88 -7.94 5.94 26.07 -9.98 16.09 v) The fair value of the
swap book 13.88 -7.94 5.94 26.07 -9.98 16.09
93
3.2 ãä Ì ããä ¶ ã½ã¾ã Ì¾ãã¹ããÀ º¾ããã ªÀ ¡ñ ã ä À Ìãñ ã ä ÌÔã 3.2 Exchange Traded Interest Rate Derivatives
(Á.ãÀãñ¡ ½ãò) (Rs. In crore)
ã½ã Ôãâ ãäÌãÌãÀ¥ã Àã½ã S. No. Particulars Amount
(i) Notional principal amount of exchange

i) ÌãÓãÃ ãñ ªãõÀã¶ã ãäÌããä¶ã½ã¾ã Ì¾ãã¹ããÀ º¾ããã ªÀ ¡ñãäÀÌãñãäÌÔã
traded interest rate derivatives
ããè ããÊ¹ããä¶ãã ½ãîÊã Àã½ã (ãäÊãã¦ãÌããÀ) Íãî¶¾ã
undertaken during the year
(instrument wise) Nil
ii) 31 ½ããÞãÃ 2010 ¦ãã ºããã¾ãã ãäÌããä¶ã½ã¾ã Ì¾ãã¹ããÀ º¾ããã ªÀ
¡ñãäÀÌãñãäÌÔã ããè ããÊ¹ããä¶ãã ½ãîÊã Àã½ã (ãäÊãã¦ãÌããÀ) Íãî¶¾ã (ii) Notional principal amount of exchange
traded interest rate derivatives outstanding
as on 31st March 2010 (instrument wise) Nil
iii) ºããã¾ãã ãäÌããä¶ã½ã¾ã Ì¾ãã¹ããÀ º¾ããã ªÀ ¡ñãäÀÌãñãäÌÔã ããè
ããÊ¹ããä¶ãã ½ãîÊã Àã½ã ããõÀ ããñ ÞÞã ¹ãÆ¼ããÌããè (iii) Notional principal amount of exchange
¶ãÖãé Öõ (ãäÊãã¦ãÌããÀ) Íãî¶¾ã traded interest rate derivatives outstanding
and not highly effective (instrument wise) Nil
iv) ãäÌããä¶ã½ã¾ã Ì¾ãã¹ããÀ ãäã Øã º¾ããã ªÀ ¡ñãäÀÌãñãäÌÔã (iv) Mark-to-market value of exchange traded
ºããã¾ãã ãñ ºããããÀ ½ãîÊ¾ã ããñ ºãÖãèØã¦ã ½ãîÊ¾ã ½ãò ãâãäã¦ã interest rate derivatives outstanding and not
ãÀ¶ãã ããõÀ ããñ ÞÞã ¹ãÆ¼ããÌããè ¶ãÖãé Öõ (ãäÊãã¦ãÌããÀ) Íãî¶¾ã highly effective (instrument wise) Nil
3.3 DISCLOSURES ON RISK EXPOSURE IN

3.3 ¡ñãäÀÌãñãäÌÔã ½ãò ããñãäã½ã ãÔã¹ããñûãÀ ¹ãÀ ¹ãÆããèãÀ¥ã
DERIVATIVES
3.3.1 Øãì¥ãã¦½ãã ¹ãÆããèãÀ¥ã 3.3.1 Qualitative Disclosure
ÈñãÀãè (ãäÌãªñÍããè) Treasury (Foreign)

The Bank uses Interest Rate Swaps (IRS),
ºãöã, ºãöãäãâØã ºãÖãè ½ãò º¾ããã ªÀ ããñãäã½ã ããõÀ ½ãì³ã ããñãäã½ã ããñ Currency Swaps and Options for hedging
ã½ã ãÀ¶ãñ ãñ ÿñÍ¾ã Ôãñ ¹ãÆãä¦ãÀàãã ãñ ãäÊã º¾ããã ªÀ ÔÌãõ¹ã (ãã purpose to mitigate interest rate risk and
ããÀ Ôã), ½ãì³ã ÔÌãõ¹ã Ìã ãìÊãñ ºããûããÀ ãã ¹ãÆ¾ããñØã ãÀ¦ãã Öõý ºãöã currency risk in banking book. The Bank also
offers these products to corporate clients to
ãã¹ããóÀñ ØãÆãÖããò ããñ ¾ãñ ¦¹ããª ¼ããè ¹ãÊãº£ã ãÀã¦ãã Öõ ¦ãããäã Ìãñ enable them to manage their own currency
ã¹ã¶ããè Öãè ½ãì³ã ããõÀ º¾ããã ªÀ ããñãäã½ã ãã ¹ãÆºãâ£ã¶ã ãÀ Ôããñý and interest rate risk. Such transactions are
Ôã ¦ãÀÖ ãñ Êãñ¶ãªñ¶ã ØãÆãÖããò Ìã ºãöããò ãñ Ôãã©ã Öãè Àãñ ãã¦ãñ Öõâ entered only with Clients and Banks having
agreements in place.
ãäã¶ããñ ãÀãÀ ãäÌã²ã½ãã¶ã Öö ý
a) The Risk Management Policies of the Bank
ã) ãäÌãªñÍããè £ããÀ / û¹ã Ôããè ¶ã ããÀ [ºããè] ¹ããñÃû¹ããñãäÊã¾ããñ / ãããäÔ¦ã allows using of derivative products to hedge
ªñ¾ã¦ãã ãñ ãÔãâ¦ãìÊã¶ã ãñ ããÀ¥ã º¾ããã / ãäÌã¶ã½ã¾ã ªÀãò ½ãò ¦¹ã¸ã the risk in Interest / Exchange rates that arise
Öãñ¶ãñ ÌããÊããè ããñãäã½ã ããè ¹ãÆãä¦ãÀàãã ãñ ãäÊã ¡ñãäÀÌãñãäÌÔã ¦¹ããªãò on account of overseas borrowing / FCNR
(B) portfolio / the asset liability mis-match,
ãã ¹ãÆ¾ããñØã ãÀ¶ãñ ãñ ãäÊã ãäÌãªñÍããè Íããããããò ãããäª ãñ ãä¶ããä£ã¾ã¶ã for funding overseas branches etc., and also
Öñ¦ãì ºãöã ããè ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã¾ããú ã¶ãì½ããä¦ã ªñ¦ããè Öö ããõÀ to offer derivative products on back-to-back
Ôãã©ã Öãè ¾ãñ ¡ñãäÀÌãñãäÌã ¦¹ããª ªì¦ãÀ¹ãã ãã£ããÀ ¹ãÀ ØãÆãÖããò ããñ basis to customers.
¹ãÊãº£ã ãÀã¶ãñ ããè ã¶ãì½ããä¦ã ªñ¦ããè Öõâý b) The Bank has a system of evaluating the
derivatives exposures separately and placing
ãã) ¡ñãäÀÌãñãäÌÔã ãÔ¹ãü¹ããñãÀ ãã ½ãîÊ¾ããâã¶ã ãÀ¶ãñ ãñ ãäÊã ºãöã ãñ appropriate credit lines for execution of
¹ããÔã ã ãÊãØã ¹ãÆ¥ããÊããè Öõ ããõÀ Ì¾ããäã¦ãØã¦ã ØãÆãÖããò ããè ãä¶ãÌãÊã derivative transactions duly reckoning the Net
Ôããã Ìãâ ¹ãÆãä¦ã¼ãîãä¦ã Ôã½ã©ãÃ¶ã ããñ ¹ãî¥ãÃ Â¹ã Ôãñ Øã¥ã¶ãã ½ãò Êãñ¦ãñ Öì Worth and security backing of individual
¡ñãäÀÌãñãäÌã Êãñ¶ã-ªñ¶ã ãñ ãä¶ãÓ¹ããª¶ã ãñ ãäÊã Ôã½ãìãäÞã¦ã £ããÀ Ñãñãä¥ã¾ããú clients.
¹ãÆÔ¦ãì¦ã ãÀ¶ãñ ããè ¼ããè ¹ãÆ¥ããÊããè Öõý c) The Bank has set in place appropriate control
systems to assess the risks associated in
) ºãöã ¶ãñ ¹ãÆãä¦ãÀàãã ãäÊãã¦ããò ãñ Â¹ã ½ãò ¡ñãäÀÌãñãäÌÔã ãñ ¹ã¾ããñØã Ôãñ using derivatives as hedge instruments and
ãì¡ñ ããñãäã½ã ããñ ãä¶ã£ããÃãäÀ¦ã ãÀ¶ãñ ãñ ãäÊã ãäÞã¦ã ãä¶ã¾ãâ¨ã¥ã proper risk reporting systems are in place
94
¹ãÆ¥ãããäÊã¾ããò ãã Øã¶ã ãäã¾ãã Öõ ããõÀ ¡ñãäÀÌãñãäÌã Êãñ¶ãªñ¶ã Ôãñ Ôãâºãâãä£ã¦ã to monitor all aspects relating to derivative
Ôã¼ããè ¹ãàããò ãñ ¹ãÆºããñ£ã¶ã ãñ ãäÊã ãäÞã¦ã ããñãäã½ã ãäÀ¹ããñãäÄØã ¹ãÆ¥ãããäÊã¾ããú transactions. The Derivative transactions were
undertaken only with counterparties well
¹ãÊãº£ã ãÀÌããÃ Öö ý ¹ãÆ¦¾ãñã ¹ãÆãä¦ã¹ãàããè ¹ãããê ãñ ãäÊã ¹ã¾ãìã¦ã within the exposure limit approved by
£ããÀ ½ãâãîÀãèã¦ããÃ ¹ãÆããä£ããããäÀ¾ããò ´ãÀã ã¶ãì½ããñãäª¦ã ããñãäã½ã Ôããè½ãã appropriate credit sanctioning authorities for
ãñ ãâªÀ ¡ñãäÀÌãñãäÌã Êãñ¶ã-ªñ¶ã Öãè ãäÔã¹ãÃ ¹ãÆãä¦ã¹ãàããè ¹ãããê ãñ Ôãã©ã each counter party.
ãäã Øãý d) The Bank has set necessary limits in place
for using derivatives and its position is
Ã) ºãöã ¶ãñ ¡ñãäÀÌãñãäÌÔã ãñ ¹ãÆ¾ããñØã ãñ ãäÊã ããÌãÍ¾ãã Ôããè½ããú ¦ã¾ã continuously monitored.
ããè Öö ããõÀ ¶ãããè ãäÔ©ããä¦ã ãã ãä¶ãÀâ¦ãÀ ¹ãÆºããñ£ã¶ã ãäã¾ãã ãã¦ãã Öõ ý
e) The Bank has a system of continuous
monitoring and appraisal of resultant
) ºãöã ãñ ¹ããÔã ããÌãÍ¾ãã ã¶ãìÌã¦ããê ããÀÃÌããÃ ÍãìÂ ãÀ¶ãñ ãñ ãäÊã
exposures across the administrative hierarchy
¹ãÆÍããÔããä¶ãã ¹ãªã¶ãìã½ã ½ãò ¹ããäÀ¥ãã½ããè ãÔã¹ããñûãÀ ãñ ½ãîÊ¾ããâã¶ã Ìã for initiation of necessary follow up actions.
ãä¶ãÀâ¦ãÀ ¹ãÆºããñ£ã¶ã ãÀ¶ãñ ããè ¼ããè ¹ãÆ¥ããÊããè Öõ ý
f) Derivatives are used by the Bank to hedge
the Banks Balance Sheet and offered to
) ºãöã ãñ ¦ãìÊã¶ã ¹ã¨ã ããè ¹ãÆãä¦ãÀàãã ãÀ¶ãñ ããõÀ ãã¹ããóÀñ ØãÆãÖããò ãã select corporate clients on back-to-back
¹ããÀÔ¹ããäÀã ãã£ããÀ ¹ãÀ Þã¾ã¶ã ãÀ¶ãñ ãñ ãäÊã ºãöã ´ãÀã ¡ñãäÀÌãñãäÌÔã basis. In respect of hedge transactions the
ãã ¹ãÆ¾ããñØã ãäã¾ãã ãã¦ãã Öõ ý ¹ãÆãä¦ãÀàãã Êãñ¶ãªñ¶ããò ãñ Ôãâºãâ£ã ½ãò value and maturity of hedges has not
¹ãÆãä¦ãÀàãã ãñ ½ãîÊ¾ã Ìã ¹ããäÀ¹ããã ¶ãñ ½ãîÊãã£ããÀ ããñ ¹ããÀ ¶ãÖãé ãäã¾ããý exceeded that of the underlying exposure.
In respect of back-to-back transactions the
¹ããÀÔ¹ããäÀã Êãñ¶ãªñ¶ããò ãñ Ôãâºãâ£ã ½ãò ØãÆãÖããò ãñ Ôãã©ã ãñ Êãñ¶ãªñ¶ã, transactions with clients are fully matched
ºãöã ãñ ããâÀ ¹ãããê Êãñ¶ãªñ¶ããò Ôãñ ¹ãî¥ãÃ¦ã: ½ãñÊã ãäã Øã Öö ããõÀ with counter party bank transactions and there
ã¶ããÀãäàã¦ã ãÔã¹ããñûãÀ ¶ãÖãé Öö ý is no uncovered exposure.
g) The income from such derivatives are
¨ãÉ) Ôã ¹ãÆããÀ ãñ ¡ñãäÀÌãñãäÌÔã Ôãñ Öãñ¶ãñ ÌããÊããè ãã¾ã ããñ ¹ããäÀÍããñãä£ã¦ã amortised and taken to Profit and Loss
ãäã¾ãã Øã¾ãã Öõ ããõÀ Ôãñ ÔãâãäÌãªã ããè ãÌããä£ã ãñ ªãõÀã¶ã ¹ããäÞã¦ã ãñ Account on accrual basis over the life of the
ãã£ããÀ ¹ãÀ Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ½ãò ãäÊã¾ãã Øã¾ãã Öõ ý ¦ãìÊã¶ã ¹ã¨ã Öñ¦ãì contract. In case of early termination of
swaps undertaken for Balance Sheet
ãäã Øã ÔÌãõ¹ã ãñ ÍããèÜãÆ ãä¶ãÀÔã¶ã ãñ ½ãã½ãÊãñ ½ãò ñÔãñ Êãã¼ã ãñ management, income on account of such
ããÀ¥ã ¹ãÆã¹¦ã ãã¾ã ããè ¹ãÖÞãã¶ã ÔÌãõ¹ã ããè ÍãñÓã ÔãâãäÌãªã¦½ãã ãÌããä£ã gains would be recognised over the remaining
¾ãã ãããäÔ¦ã¾ããò / ªñ¾ã¦ããããò ããè ãÌããä£ã, ããñ ¼ããè ã½ã Öãñ, ãñ contractual life of the swap or life of the
assets / liabilities whichever is lower. In case
ãã£ããÀ ¹ãÀ ããè ããØããè ý ØãÆãÖããò ãñ ãäÊã ªì¦ãÀ¹ãã ãã£ããÀ ¹ãÀ of early termination of derivatives undertaken
ãäÊã Øã ¡ñãäÀÌãñãäÌÔã ãñ ÍããèÜãÆ ãä¶ãÀÔã¶ã ãñ Ôãâºãâ£ã ½ãò ¹ãÆã¹¦ã Öãñ¶ãñÌããÊããè for customers on a back-to-back basis,
ãã¾ã ããè ¹ãÖÞãã¶ã ãä¶ãÀÔã¶ã ãñ ãã£ããÀ ¹ãÀ ããè ããØããè ý income on account of such things will be
recognised on termination.
) Ôã¼ããè ¹ãÆãä¦ãÀàãã Êãñ¶ãªñ¶ã ¹ãÞã¾ã¶ã ãñ ãã£ããÀ ¹ãÀ ¹ããäÀããäÊã¦ã ãäã h) All the hedge transactions have been
Øã Öö ý ºããã¾ãã ÔãâãäÌãªãããò ãã ½ãîÊ¾ããâã¶ã ºããûããÀ ½ãîÊ¾ã ããñ ºãÖãè accounted on accrual basis. Valuations of
½ãò ãâãäã¦ã ãÀ¶ãñ ãñ ãã£ããÀ ¹ãÀ ãäã¾ãã Øã¾ãã ý ¡ñãäÀÌãñãäÌÔã ½ãò the outstanding contracts are done on Mark
to Market basis. The Bank has duly approved
Êãñ¶ãªñ¶ã ãÀ¶ãñ ãñ ãäÊã ºãöã ãñ ¹ããÔã ãäÌããä£ãÌã¦ã ã¶ãì½ããñãäª¦ã ããñãäã½ã Risk Management and Accounting procedures
¹ãÆºãâ£ã¶ã ããõÀ Êãñããâã¶ã ¶ããèãä¦ã ¹ãÊãº£ã Öõ ý for dealing in Derivatives.
ñ) ¡ñãäÀÌãñãäÌÔã Êãñ¶ãªñ¶ã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ i) The derivative transactions are conducted in
accordance with the guidelines of Reserve
ã¶ãìÔããÀ ãäã ãã¦ãñ Ööý Bank of India.
ÈñûãÀãè - (ªñÍããè¾ã) Treasury (Domestic)
ºãöã, ÔãÀããÀãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ½ãò º¾ããã ªÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ The Bank uses the Rupee Interest Rate
Swaps (IRS) for hedging purpose to mitigate
ãñ ÿñÍ¾ã Ôãñ ¹ãÆãä¦ãÀàãã Öñ¦ãì ããõÀ Øããõ¥ã ¨ãÉ¥ããò Ìã ÔããÌããä£ã ã½ããããò interest rate risk in Govt. Securities and to
ããè ÊããØã¦ã ã½ã ãÀ¶ãñ ãñ ãäÊã Á¹ã¾ãã º¾ããã ªÀ ÔÌãõ¹ã (ããããÀÔã) reduce the cost of Subordinated Debt and
95
ãã ¹ãÆ¾ããñØã ãÀ¦ãã Öõý Ôããñ ããä¦ããäÀã¦ã ºããñ¡Ã ´ãÀã ã¶ãì½ããñãäª¦ã term deposits. In addition, the bank also
enters into rupee interest rate swaps for
¶ããèãä¦ã ãñ ã¶ãìÔããÀ Èñãä¡âØã ãñ ãäÊã ºãöã Á¹ã¾ãã º¾ãããªÀ ÔÌãõ¹ã ããñ trading purposes as per the policy duly
ã¹ã¶ãã¦ãã Öõ ý ÔÌãõ¹ã Êãñ¶ãªñ¶ã ãñÌãÊã ¶Öãé ºãöããò ãñ Ôãã©ã ãäã approved by the Board. Swap transactions
ãã¦ãñ Öõ ãäã¶ããñ ¹ããÔã ããÔã¡ãè ãÀãÀ ãäÌã²ã½ãã¶ã Öõý are entered only with Banks having ISDA
agreements in place.
ã. ºãöã ½ãò ããñãäã½ã ¹ãÆºãâ£ã¶ã ãñ ãäÊã ¹ã¾ãìã¦ã ¤ãúÞãã ããõÀ ÔãâØã¶ã a) The Bank has put in place an appropriate
¹ãÊãº£ã Öõ ãäãÔã½ãò ÈñûãÀãè ãäÌã¼ããØã, ºããñ¡Ã ããè ãããäÔ¦ã ªñ¾ã¦ãã ¹ãÆºãâ£ã¶ã structure and organization for management
Ôããä½ããä¦ã ããõÀ ããñãäã½ã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã Íãããä½ãÊã Öõ ý of risk which includes Treasury Department,
Asset Liability Management Committee and
ã. ¡ñãäÀÌãñãäÌã Êãñ¶ãªñ¶ããò ½ãò ºããããÀ ããñãäã½ã (º¾ããã ªÀãò ½ãò ¹ãÆãä¦ããîÊã Risk Management Committee of the Board.
ÔãâÞãÊã¶ã ãñ ããÀ¥ã ¦¹ã¸ã ), £ããÀ ããñãäã½ã (Ôãâ¼ãããäÌã¦ã ããâÀ b) Derivative transactions carry Market Risk
¹ãããê Þãîã¶ãñ Ôãñ ¦¹ã¸ã ), ¦ãÀÊã¦ãã ããñãäã½ã ( Ôãã½ãã¶¾ã ½ãîÊ¾ã ¹ãÀ (arising from adverse movement in interest
rates), credit risk (arising from probable
Êãñ¶ãªñ¶ã ãä¶ãÓ¹ãããäª¦ã ãÀ¶ãñ Öñ¦ãì ¾ãã ãä¶ããä£ã¾ã¶ã ããè ãÂÀ¦ããò ããè ¹ãîãä¦ãÃ counter party failure), liquidity risk (arising
ãÀ¶ãñ Ôãñ Þãîã¶ãñ ¹ãÀ ¦¹ã¸ã), ¹ããäÀÞããÊã¶ãØã¦ã ããñãäã½ã, ãäÌããä¶ã¾ãã¦½ãã from failure to meet funding requirements or
ããñãäã½ã ããõÀ ¹ãÆãä¦ãÓã ããñãäã½ã Íãããä½ãÊã ÀÖ¦ãã Öõ ý ºãöã ¶ãñ execute the transaction at a reasonable
¡ñãäÀÌãñãäÌÔã ãã ¹ãÆ¾ããñØã ãÀ¶ãñ ½ãò ãä¶ããäÖ¦ã ããñãäã½ã ãã ½ãîÊ¾ããâã¶ã price), operational risk, regulatory risk and
reputation risk. The Bank has laid down
ãÀ¶ãñ ãñ ãäÊã ¹ã¾ãìã¦ã ãä¶ã¾ãâ¨ã¥ã ¹ãÆ¥ãããäÊã¾ããú Ô©ãããä¹ã¦ã ãÀ Àããè Öõâ policies, set in place appropriate control
ããõÀ ¡ñãäÀÌãñãäÌã Êãñ¶ãªñ¶ããò Ôãñ Ôãâºãâãä£ã¦ã Ôã¼ããè ¹ãàããò ãã ¹ãÆºããñ£ã¶ã systems to assess the risks associated in
ãÀ¶ãñ Öñ¦ãì ãäÞã¦ã ããñãäã½ã ÔãîÞã¶ãã ¹ãÆ¥ããÊããè ããõÀ Ôãñ ã½ã ãÀ¶ãñ using derivatives and proper risk reporting
and mitigation systems are in place to
ããè ¹ãÆ¥ããÊããè ¹ãÊãº£ã ãÀÌããÃ Öõý ããããÀÔã Êãñ¶ãªñ¶ã ãñÌãÊã monitor all risks relating to derivative
ºãöããò ãñ Ôãã©ã ¹ãÆãä¦ã ¹ãããê ãñ Â¹ã ½ãò ãäã ãã¦ãñ Öö ããõÀ ¾ãñ ÖÀ ¹ãÆãä¦ã transactions. The IRS transactions were
¹ãããê ãñ ãäÊã ºãöã ãñ ºããñ¡Ã ´ãÀã ã¶ãì½ããñãäª¦ã £ããÀ Ôããè½ãã ãñ undertaken with only Banks as counter party
and well within the exposure limit approved
ã¶ªÀ Öãñ¦ãñ Ööý by the Board of the Bank for each counter
party.
Øã. ºãöã ¡ñãäÀÌãñãäÌÔã ãã ¹ãÆ¾ããñØã ¹ãÆãä¦ãÀàãã Ìãâ Èñãä¡âØã ãñ ãäÊã ãÀ¦ãã
Öõ ý ºãöã ½ãò ¡ñãäÀÌãñãäÌÔã ãñ ãäÊã ã¶ãì½ããñãäª¦ã ¶ããèãä¦ã ¹ãÊãº£ã Öõ c) Derivatives are used by the Bank for trading
and hedging. The bank has an approved
ããõÀ ºãöã ¶ãñ ¡ñãäÀÌãñãäÌÔã ãã ¹ãÆ¾ããñØã ãÀ¶ãñ ãñ ãäÊã ããÌãÍ¾ãã policy in force for derivatives and has set
Ôããè½ããâ ãä¶ã¾ã¦ã ããè Öõâ ããõÀ Ôãããè ãäÔ©ããä¦ã ãã ãä¶ã¾ããä½ã¦ã Â¹ã Ôãñ necessary limits for the use of derivatives and
¹ãÆºããñ£ã¶ã ãäã¾ãã ãã¦ãã Öõý ãñÌãÊã ªì¦ãÀ¹ãã ãã£ããÀ ¹ãÀ ¹ãÆ¾ãìã¦ã the position is continuously monitored. The
value and maturity of the hedges which are
¹ãÆãä¦ãÀàããããò ã©ãÌãã ºãöã ãñ ¦ãìÊã¶ã-¹ã¨ã ããè ¹ãÆãä¦ãÀàãã ãã ½ãîÊ¾ã Ìã
used only as back to back or to hedge
¹ããäÀ¹ããã ¶ãñ ãÔ¹ãüãñãÀ ãñ ½ãîÊãã£ããÀ ãã ããä£ãØã½ã¶ã ¶ãÖãè ãäã¾ãã Öõý banks Balance Sheet has not exceeded that
of the underlying exposure.
Ý. ¡ñãäÀÌãñãäÌÔã ãñ ãäÊã ÊãñãããÀ¥ã ¶ããèãä¦ã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ
d) The Accounting Policy for derivatives has
ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ã¶ãìÔãîÞããè 17 - ½ãÖ¦Ìã¹ãî¥ãÃ ÊãñãããÀ¥ã been drawn up in accordance with RBI
¶ããèãä¦ã¾ããú (¶ããèãä¦ã Ôãâ 8) ½ãò ¹ãÆã ãäã ã¶ãìÔããÀ ¦ãõ¾ããÀ ããè ØãÃ Öõâý guidelines, as disclosed in Schedule 17
Significant Accounting Policies (Policy No.8).
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3.3.2 ½ãã¨ãã¦½ãã ¹ãÆããèãÀ¥ã (Á.ãÀãñü¡ ½ãò) 3.3.2 Quantitative Disclosures (Rs. in Crore)
S. PARTICULARS CURRENCY INTEREST RATE
ãûÔãâû ãäÌãÌãÀ¥ã ½ãì³ã ¡ñãäÀÌãñãäÌÔã º¾ããã ªÀ NO. DERIVATIVES DERIVATIVES
¡ñãäÀÌãñãäÌÔ
(i) Derivatives (Notional
i. ¡ñãäÀÌãñãäÌÔã Principal Amount)
(ããÊ¹ããä¶ãã ½ãîÊã Àã½ã) a) For Hedging 2620.98 1998.85
ã. ¹ãÆãä¦ãÀàãã ãñ ãäÊã 2620.98 1998.85 b) For Trading 155.84 1008.75
ã. Ì¾ãã¹ããÀ ãñ ãäÊã 155.84 1008.75
(ii) Marked to Market Positions
ii. ºããããÀ ½ãîÊ¾ã ããñ ºãÖãè ½ãò
a) Asset (+) 245.79 0.47
ãâãäã¦ã ãÀ¶ãñ ããè ãäÔ©ããä¦ã
b) Liability (-) 47.19 39.69
ã. ãããäÔ¦ã¾ããú (+) 245.79 0.47
ã. ªñ¾ã¦ããú(-) 47.19 39.69 (iii) Credit Exposure 506.99 99.16
iii. £ããÀ ãÔ¹ããñãÀ 506.99 99.16 (iv) Likely impact of one
iv. º¾ããã ªÀ ½ãò Ôãâ¼ãããäÌã¦ã ã percentage change in
¹ãÆãä¦ãÍã¦ã ãñ ¹ããäÀÌã¦ãÃ¶ã ãã ¹ãÆ¼ããÌã interest rate (100*PV01)
(100*¹ããèÌããè01) a) on hedging derivatives 75.64 42.31
ã. ¹ãÆãä¦ãÀàãã ¡ñãäÀÌãñãäÌÔã ¹ãÀ 75.64 42.31 b) on trading derivatives 12.05 69.43
ã. Ì¾ãã¹ããÀ ¡ñãäÀÌãñãäÌÔã ¹ãÀ 12.05 69.43
v) Maximum and Minimum of
v. ÌãÓãÃ ãñ ªãõÀã¶ã ¹ããñ Øã 100*¹ããèÌããè01 100*PV01 observed during the year
ãã ¶¾ãî¶ã¦ã½ã ããõÀ ããä£ãã¦ã½ã a) on hedging Maximum 75.64 Maximum 29.78
ã. ¹ãÆãä¦ãÀàãã ¹ãÀ ããä£ãã¦ã½ã 75.64 ããä£ãã¦ã½ã 29.78 Minimum 23.24 Minimum 0.00
¶¾ãî¶ã¦ã½ã 23.24 ¶¾ãî¶ã¦ã½ã 0.00
ã. Ì¾ãã¹ããÀ ¹ãÀ ããä£ãã¦ã½ã 12.05 ããä£ãã¦ã½ã 41.81 b) on trading Maximum 12.05 Maximum 41.81
¶¾ãî¶ã¦ã½ã 8.04 ¶¾ãî¶ã¦ã½ã 0.00 Minimum 8.04 Minimum 0.00
4. ASSET QUALITY:
4. ãããä Ô ¦ã Øãì ¥ ãÌã¦¦ãã
4.1.1 Non-Performing Assets (NPAs)
4.1.1 ã¶ããÃã ãããäÔ¦ã¾ããú (¶ã¹ããè) (Rs. In Crore)
(Á.ãÀãñü¡ ½ãò)
2009-10 2008-09
2009-10 2008-09 i) Net NPA to Net Advances(%) 2.52 1.33
i. ãä¶ãÌãÊã ¶ã¹ããè ããè ¦ãìÊã¶ãã ½ãò ii) Movement of NPAs (Gross)
ãä¶ãÌãÊã ããäØãÆ½ã (%) 2.52 1.33 a) Opening Balance 1923.41 996.95
ii. ¶ã¹ããè ããè ¹ãÆÞãÊã¶ã (ÔããÊã) b) Additions during the year 3126.83 2261.85
ã. ¹ãÆãÀâãä¼ãã ÍãñÓã 1923.41 996.95 c) Reductions during the year 1439.16 1335.39
ã. ÌãÓãÃ ãñ ªãõÀã¶ã ¹ããäÀÌã£ãÃ¶ã 3126.83 2261.85 d) Closing Balance 3611.08 1923.41
Øã. ÌãÓãÃ ãñ ªãõÀã¶ã ããõãä¦ã¾ããú 1439.16 1335.39
Üã. Ôã½ãã¹ã¶ã ÍãñÓã 3611.08 1923.41 iii) Movement of Net NPAs
a) Opening Balance 999.14 363.20
iii. ¶ã¹ããè ããè ¹ãÆÞãÊã¶ã
b) Additions during the year 2097.21 1971.33
ã ¹ãÆãÀâãä¼ãã ÍãñÓã 999.14 363.20
c) Reductions during the year 1101.38 1335.39
ã ÌãÓãÃ ãñ ªãõÀã¶ã ¹ããäÀÌã£ãÃ¶ã 2097.21 1971.33
Øã ÌãÓãÃ ãñ ªãõÀã¶ã ããõãä¦ã¾ããú 1101.38 1335.39 d) Closing Balance 1994.97 999.14
Üã Ôã½ãã¹ã¶ã ÍãñÓã 1994.97 999.14 iv) Movement of Provisions for NPAs
iv. ¶ã¹ããè ããè ¹ãÆÞãÊã¶ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã (excluding provisions on standard assets)
(½ãã¶ãã ãããäÔ¦ã¾ããò ¹ãÀ ¹ãÆãÌã£ãã¶ããò ããñ ãñ¡ãÀ ) a) Opening balance 752.04 569.94
ã. ¹ãÆãÀâãä¼ãã ÍãñÓã 752.04 569.94 b) Provisions made during the year 1183.66 365.50
ã. ÌãÓãÃ ãñ ªãõÀã¶ã ãäã Øã ¹ãÆãÌã£ãã¶ã 1183.66 365.50 c) Write-off/Write-back of
Øã. ºãáñ ãã¦ãñ ½ãò ¡ãÊãñ Øã / excess provisions 571.91 183.40
¹ãì¶ãÀãâãäã¦ã ããä¦ããäÀã¦ã ¹ãÆãÌã£ãã¶ã 571.91 183.40
d) Closing balance 1363.79 752.04
Üã. Ôã½ãã¹ã¶ã ÍãñÓã 1363.79 752.04
97
4.1.2 ¹ãÆ ã Ìã£ãã¶ã ãÌãÀñ û ã ã¶ãì ¹ ãã¦ã: 4.1.2 Provision Coverage Ratio
¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ 31.03.2010 The Provision Coverage Ratio (PCR)
¦ãã ¹ããäÀããäÊã¦ã ¹ãÆãÌã£ãã¶ã ãÌãÀñã ãã ã¶ãì¹ãã¦ã (¹ããèÔããèããÀ) computed as per the RBI guidelines stood
53.97 % ÀÖãý at 53.97% as on 31.03.2010.
4.2. ¹ãì¶ãÔãÄÀãäÞã¦ã ãã¦ããò ãñ ãäÌãÌãÀ¥ã 4.2 Particulars of Accounts Restructured

(Á.ãÀãñü¡ ½ãòâ) (Rs. In Crore)
Ôããè¡ãèããÀ Ôã½ãÃ/¨ãÉ¥ã ã¶¾ã CDR SME/Debt
¹ãÆ¥ããÊããè ¹ãì¶ãÔãÄÀÞã¶ãã Mechanism Restructuring Others
¹ãì¶ãÔãÄÀãäÞã¦ã ½ãã¶ãã £ããÀã¦ããÃããò ããè Ôãâ. 10 1401 6626 Standard No. of Borrowers 10 1401 6626
ããäØãÆ½ã ºããã¾ãã Àã½ã 285.66 791.38 5745.00 advances Amount outstanding 285.66 791.38 5745.00
¦¾ããØã restructured Sacrifice
(ãäÞã¦ã ½ãîÊ¾ã ½ãò ã½ããè) 11.47 9.00 50.71 (diminution in
the fair value) 11.47 9.00 50.71
¹ãì¶ãÔãÄÀãäÞã¦ã £ããÀã¦ããÃããò ããè Ôãâ. 2 96 290 Sub standard No. of Borrowers 2 96 290
ãÌã½ãã¶ãã ããäØãÆ½ã ºããã¾ãã Àã½ã 49.94 14.41 32.80 advances Amount outstanding 49.94 14.41 32.80
¦¾ããØã restructured Sacrifice (diminution
(ãäÞã¦ã ½ãîÊ¾ã ½ãò ã½ããè) 0.30 - - in the fair value) 0.30 - -
¹ãì¶ãÔãÄÀãäÞã¦ã £ããÀã¦ããÃããò ããè Ôãâ. - 16 67 Doubtful No. of Borrowers - 16 67

ÔãâãäªØ£ã ããäØãÆ½ã ºããã¾ãã Àã½ã - 9.96 64.18 advances Amount outstanding - 9.96 64.18
¦¾ããØã restructured Sacrifice (diminution
(ãäÞã¦ã ½ãîÊ¾ã ½ãò ã½ããè) - - - in the fair value) - - -
ãìÊã £ããÀã¦ããÃããò ããè Ôãâ. 12 1513 6983 TOTAL No. of Borrowers 12 1513 6983
ºããã¾ãã Àã½ã 335.60 815.75 5841.98 Amount outstanding 335.60 815.75 5841.98
¦¾ããØã Sacrifice (diminution
(ãäÞã¦ã ½ãîÊ¾ã ½ãò ã½ããè) 11.77 9.00 50.71 in the fair value) 11.77 9.00 50.71
4.3 ¹ããä À Ôãâ ¹ ããä ¦ ¦ã ¹ãì ¶ ããä ¶ ãÃ ½ ããÃ ¥ ã ãñ ãä Ê ã ¹ãÆ ã ä ¦ ã¼ãî ã ä ¦ ããÀ¥ã/ 4.3 Details of Financial Assets sold to
¹ãì ¶ ã:Ôãâ À Þã¶ãã ãâ ¹ã¶ããè ããñ ºãñ Þ ããè ØãÃ ãä Ì ã¦¦ããè ¾ ã ãããä Ô ¦ã¾ããò Securitisation / Reconstruction Company,
for Asset reconstruction
ãñ ãä Ì ãÌãÀ¥ã
(Á. ãÀãñü¡ ½ãò) (Rs. in crore)
Particulars 2009-10 2008-09

ãäÌãÌãÀ¥ã 2009-10 2008-09
(i) No. of accounts Nil 1
(i) ãã¦ããò ããè Ôãâ¾ãã Íãî¶¾ã 1
(ii) Aggregate value (net of provisions)
(ii) Ôã Ôããè / ããÀ Ôããè ããñ ãäÌãã¾ã ãäã of accounts sold to SC/RC Nil Nil
Øã ãã¦ããò ãã Ôã½ãñãäã¦ã ½ãîÊ¾ã
[ ¹ãÆãÌã£ãã¶ããò ãã ãä¶ãÌãÊã ] Íãî¶¾ã Íãî¶¾ã (iii) Aggregate consideration Nil 1.94
(iv) Additional consideration realized
(iii) Ôã½ãñãäã¦ã ¹ãÆãä¦ã¹ãÊã Íãî¶¾ã 1.94
in respect of accounts transferred
(iv) Øã¦ã ÌãÓããô ½ãò ãâ¦ããäÀ¦ã ãã¦ããò ãñ Ôãâºãâ£ã in earlier years Nil Nil
½ãò ØããÖãè ãäã Øã ããä¦ããäÀã¦ã ¹ãÆãä¦ã¹ãÊã Íãî¶¾ã Íãî¶¾ã (v) Aggregate gain/loss over net
book value Nil 1.94
(v) ãä¶ãÌãÊã ºãÖãè-½ãîÊ¾ã ¹ãÀ ãìÊã ¾ããñØã Êãã¼ã/Öããä¶ã Íãî¶¾ã 1.94
98
4.4 ã¶¾ã ºãöããò Ôãñ ã¾ã / ãäÌãã¾ã ããè ØãÃ ã¶ããÃã ãäÌã¦¦ããè¾ã 4.4 Details of non-performing financial assets
purchased/sold from other banks
ãããä Ô ¦ã¾ããò ãã ãä Ì ãÌãÀ¥ã
4.4.1 Details of non-performing financial assets
4.4.1 ã¾ã ããè ØãÃ ã¶ããÃã ãäÌã¦¦ããè¾ã ãããäÔ¦ã¾ããò ãã ãäÌãÌãÀ¥ã purchased:
(Rs. in crore)
ãäÌãÌãÀ¥ã 2009-10 2008-09 Particulars 2009-10 2008-09
1û [ã] ÌãÓãÃ ãñ ªãõÀã¶ã ã¾ã ãäã Øã 1 (a) No. of accounts purchased
ãã¦ããò ããè Ôãâ¾ãã Íãî¶¾ã Íãî¶¾ã during the year Nil Nil
[ã] Ôã½ãñãäã¦ã ºããã¾ãã Íãî¶¾ã Íãî¶¾ã (b) Aggregate outstanding Nil Nil
2û [ã] ÌãÓãÃ ãñ ªãõÀã¶ã ¶ã½ãò Ôãñ ¹ãì¶ã: 2 (a) Of these, number of accounts
ÔãâÀãäÞã¦ã ãã¦ããò ããè Ôãâ¾ãã Íãî¶¾ã Íãî¶¾ã restructured during the year Nil Nil
[ã] Ôã½ãñãäã¦ã ºããã¾ãã Íãî¶¾ã Íãî¶¾ã (b) Aggregate outstanding Nil Nil
4.4.2 Details of non-performing financial assets

4.4.2. ãäÌãã¾ã ããè ØãÃ ã¶ããÃã ãäÌã¦¦ããè¾ã ãããäÔ¦ã¾ããò ãã ãäÌãÌãÀ¥ã
sold:
(Rs. in crore)
1 û ãäÌãã¾ã ãäã Øã ãã¦ãñ Íãî¶¾ã Íãî¶¾ã 1. No. of accounts sold Nil Nil
2 û Ôã½ãñãäã¦ã ºããã¾ãã Íãî¶¾ã Íãî¶¾ã 2. Aggregate outstanding Nil Nil
3 û ¹ãÆã¹¦ã Ôã½ãñãäã¦ã ¹ãÆãä¦ã¹ãÊã Íãî¶¾ã Íãî¶¾ã 3. Aggregate consideration received Nil Nil
4.5 ½ãã¶ãã ãããä Ô ¦ã¾ããò ¹ãÀ ¹ãÆ ã Ìã£ãã¶ã 4.5 Provisions on Standard Asset
½ãã¶ãã ãããäÔ¦ã¾ããò ãñ ¹ãÆãä¦ã ¹ãÆãÌã£ãã¶ã 440.24 359.95 Provisions towards Standard Assets 440.24 359.95
5. ããÀãñºããÀ ã¶ãì¹ãã¦ã 5 BUSINESS RATIOS
(i) ããõÔã¦ã ãã¾ãÃããÀãè ãä¶ããä£ã¾ããò ãñ (i) Interest Income as a percentage

¹ãÆãä¦ã ¹ãÆãä¦ãÍã¦ã ãñ Â¹ã ½ãò º¾ããã ãã¾ã 8.85% 9.67% to Average Working Funds 8.85% 9.67%
(ii) ãã¾ãÃããÀãè ãä¶ããä£ã¾ããò ãñ ¹ãÆãä¦ã ¹ãÆãä¦ãÍã¦ã (ii) Non Interest Income as
ãñ Â¹ã ½ãò º¾ãããñ¦ãÀ ãã¾ã 0.99% 1.60% a percentage to Working Funds 0.99% 1.60%
(iii) ãã¾ãÃããÀãè ãä¶ããä£ã¾ããò ãñ ¹ãÆãä¦ã ¹ãÆãä¦ãÍã¦ã (iii) Operating Profit as a percentage
ãñ Â¹ã ½ãò ¹ããäÀÞããÊã¶ãã¦½ãã Êãã¼ã 1.59% 2.53% to Working Funds 1.59% 2.53%
(iv) ããõÔã¦ã ãããäÔ¦ã¾ããò Ôãñ Êãã¼ã 0.53% 1.17% (iv) Return on Avg. Assets 0.53% 1.17%
(v) ¹ãÆãä¦ã ã½ãÃÞããÀãè ããÀãñºããÀ (v) Business (Deposits plus advances)

(ã½ããú + ããäØãÆ½ã ) (Á. ãÀãñü¡ ½ãò) 7.120 6.895 per Employee (Rs. in crore) 7.120 6.895
(vi) ¹ãÆãä¦ã ã½ãÃÞããÀãè Êãã¼ã (Á. ãÀãñü¡ ½ãò) 0.0263 0.0520 (vi) Profit per employee (Rs. in crore) 0.0263 0.0520
99
6 ASSET LIABILITY MANAGEMENT:
Maturity pattern of certain items of assets and liabilities as on March 31, 2010
(Rs. in crore)
Day 2 to 7 8 to 14 15 to 28 29 days >3m to >6m to > 1yr to >3 yrs to > 5 yrs TOTAL
1 days days days to 3mnth 6 mnth 1 yr 3 yrs 5 yrs
Deposits 1600.03 2340.35 3461.44 1606.05 9617.84 19815.50 20943.86 44648.08 1882.16 4879.40 110794.71
Advances (Gross) 2847.29 4202.46 7445.38 1690.45 4984.56 3808.50 5674.82 29147.41 9488.39 11493.22 80782.48
Investments (Gross) 334.22 1719.42 1616.22 1221.05 2135.58 4111.75 6339.30 11438.16 1103.89 7861.67 37881.26
Borrowings 57.56 330.10 384.23 46.43 138.36 162.28 991.62 2036.33 400.00 4435.29 8982.20
Foreign Currency
Assets 789.47 193.27 647.36 510.95 2652.75 1244.03 2056.90 1347.90 611.18 1067.13 11120.94
Foreign Currency
Liabilities 465.37 217.98 518.79 441.89 2067.25 1861.85 2771.81 1370.30 253.55 1395.12 11363.91
6. ãããä Ô ¦ã ªñ ¾ ã¦ãã ¹ãÆ º ãâ £ ã¶ã

½ããÞãÃ 31, 2010 ¦ãã ãñ ãäÊã ãããäÔ¦ã¾ããò Ìã ªñ¾ã¦ããããò ããè ãì ½ãªãò ããè ¹ããäÀ¹ããÌã¦ãã ãã ¹ãÆãä¦ã½ãã¶ã
1 ãäª¶ã 2 Ôãñ 7 8 Ôãñ 14 15 Ôãñ 28 29 ãäª¶ããò Ôãñ 3 ½ããÖ Ôãñ 6 ½ããÖ Ôãñ 1 ÌãÓãÃ Ôãñ 3 ÌãÓãÃ Ôãñ 5 ÌãÓãÃ Ôãñ ãìÊã
ãäª¶ã ãäª¶ã ãäª¶ã 3 ½ããÖ ããä£ãã Ìã ããä£ãã Ìã ããä£ãã Ìã ããä£ãã Ìã ããä£ãã
6 ½ããÖ ¦ãã 1 ÌãÓãÃ ¦ãã 3 ÌãÓãÃ ¦ãã 5 ÌãÓãÃ ¦ãã
ã½ããú 1600.03 2340.35 3461.44 1606.05 9617.84 19815.50 20943.86 44648.08 1882.16 4879.40110794.71
ããäØãÆ½ã (ÔããÊã) 2847.29 4202.46 7445.38 1690.45 4984.56 3808.50 5674.82 29147.41 9488.39 11493.22 80782.48
ãä¶ãÌãñÍã (ÔããÊã) 334.22 1719.42 1616.22 1221.05 2135.58 4111.75 6339.30 11438.16 1103.89 7861.67 37881.26
£ããÀ 57.56 330.10 384.23 46.43 138.36 162.28 991.62 2036.33 400.00 4435.29 8982.20
ãäÌãªñÍããè ½ãì³ã ãããäÔ¦ã¾ããú 789.47 193.27 647.36 510.95 2652.75 1244.03 2056.90 1347.90 611.18 1067.13 11120.94
ãäÌãªñÍããè ½ãì³ã ªñ¾ã¦ããú 465.37 217.98 518.79 441.89 2067.25 1861.85 2771.81 1370.30 253.55 1395.12 11363.91
100
7. ÔãâÌãñª¶ãÍããèÊã àãñ¨ããò ããñ £ããÀ [ºãöã ´ãÀã ¹ãÆ½ãããä¥ã¦ãã¶ãìÔããÀ] 7 LENDING TO SENSITIVE SECTOR (As
certified by the Bank)
7.1 Ô©ããÌãÀ Ôãâ¹ãªã àãñ¨ã ããñ ¨ãÉ¥ã
7.1 Exposure to Real Estate Sector
(Rs in crore)
¹ãÆ Ì ãØãÃ 2009-10 2008-09
Category 2009-10 2008-09
ã) ¹ãÆ¦¾ãàã ¨ãÉ¥ã ûããñãäã½ã
(a) Direct Exposure
i) ãäÀÖãÍããè ºãâ£ãã
£ããÀã¦ããÃ ããè Ôã ãäÀÖãÍããè i) Residential Mortgages -
Ôãâ¹ããä¦¦ã ¹ãÀ ºãâ£ãã ´ãÀã ¹ãî¥ãÃ¦ã: Lending fully secured by
¹ãÆãä¦ã¼ãî¦ã £ããÀ ãäãÔã½ãò £ããÀã¦ããÃ mortgages on residential
ãìª ÀÖ¦ãã Öõ ¾ãã ÀÖ¶ãñ ÌããÊãã Öõ property that is or will be
occupied by the borrower
¾ãã ãäãÔãñ ãäãÀã ¹ãÀ ãäª¾ãã ããØãã 3162.22 3900.36
or that is rented; 3162.22 3900.36
ãäã¶ã½ãò Ôãñ ¹ãÆã©ããä½ãã¦ãã àãñ¨ã ãñ Out of which, Individual housing
¦ãÖ¦ã ÌãØããêãÀ¥ã ãñ ãäÊã ¹ãã¨ã loans eligible to be classified
Ìãõ¾ããäã¦ãã ããÌããÔã ¨ãÉ¥ã 2240.13 3027.34 under Priority Sector 2240.13 3027.34
ii) Ìãããä¥ããä¾ãã Ô©ããÌãÀ-Ôãâ¹ãªã Ìãããä¥ããä¾ãã ii) Commercial Real Estate -
Ô©ããÌãÀ Ôãâ¹ãªãããò ¹ãÀ ºãâ£ãã ´ãÀã ¹ãÆãä¦ã¼ãî¦ã Lending secured by mortgages
£ããÀ (ãã¾ããÃÊã¾ã ¼ãÌã¶ã, ãñãè-½ããñãè ãØãÖ, on commercial real estates
ºãÖì-ÿñÍããè¾ã Ìãããä¥ããä¾ãã ¹ããäÀÔãÀ, (office buildings, retail space,
ºãÖìãäÌã£ã-¹ããäÀÌããÀ ãäÀÖãÍããè ¼ãÌã¶ã, ºãÖìãäÌã£ã multi purpose commercial
ãäãÀã ¹ãÀ ãäª¾ãã Öìãã Ìãããä¥ããä¾ãã ¹ããäÀÔãÀ, premises, multi-family residential
buildings, multi-tenanted commercial
ããõ²ããñãäØãã ¾ãã Ìãñ¾ãÀÖãÔã ãØãÖ, ÖãñÊã,
premises, industrial or warehouse
¼ãîãä½ã ããä£ãØãÆÖ¥ã, ãäÌãããÔã Ìã ãä¶ã½ããÃ¥ã ãããäª) space, hotels, land acquisition,
£ããÀ ûããñãäã½ã ½ãò ØãõÀ-ãä¶ããä£ã ãã£ãããäÀ¦ã development and construction etc.)
(¶ã¹ãºããè) Ôããè½ããú Ôããä½½ãäÊã¦ã Öö ý 7100.57 5819.07 Exposure includes non-fund
based (NFB) limits; 7100.57 5819.07
iii) ºãâ£ãã ´ãÀã Ôã½ããä©ãÃ¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ½ãò
ãä¶ãÌãñÍã ããõÀ ã¶¾ã ¹ãÆ¦¾ãã¼ãî¦ã £ããÀ ûããñãäã½ã - iii) Investments in Mortgage Backed
ã. ãäÀÖãÍããè 0.32 0.63 Securities and other securitised exposures -
ã. Ìãããä¥ããä¾ãã Ô©ããÌãÀ Ôãâ¹ãªã a. Residential 0.32 0.63
Øã. ã¶¾ã 15.00 -- b. Commercial Real estate
c. Others 15.00 --
ãã) ã¹ãÆ¦¾ãàã ¨ãÉ¥ã ûããñãäã½ã: ÀãÓÈãè¾ã ããÌããÔã
(b) Indirect Exposure: Fund based and
ºãöã (¶ãÞãºããè) ããõÀ ããÌããÔã ãäÌã¦¦ã
non-fund based exposures on
ãâ¹ããä¶ã¾ããò (Þã¹ãÔããè) ¹ãÀ ãä¶ããä£ã ãã£ãããäÀ¦ã
National Housing Bank (NHB) and
ããõÀ ØãõÀ-ãä¶ããä£ã ãã£ãããäÀ¦ã £ããÀ ûããñãäã½ã 949.10 751.71 Housing Finance Companies (HFCs) 949.10 751.71
Ô©ããÌãÀ Ôãâ¹ãªã ¹ãÆÌãØãÃ ããñ ãìÊã ¨ãÉ¥ã ûããñãäã½ã 11227.21 12219.17 Total Exposure to Real Estate Sector 11227.21 12219.17
7.2 ¹ãîúããè ºããûããÀ ããñ ¨ãÉ¥ã ûããñãäã½ã 7.2 Exposure to Capital Market:
(Á. ãÀãñü¡ ½ãò ) (Rs in crore)
ãäÌãÌãÀ¥ã 2009-10 2008-09 Category 2009-10 2008-09

(i) direct investment made in equity
i) ¶ã ÃãäãÌããè Íãñ¾ãÀãò, ¹ããäÀÌã¦ãÃ¶ãÍããèÊã ºããú¡ãò, shares, convertible bonds, convertible
¹ããäÀÌã¦ãÃ¶ãÍããèÊã ãä¡ºãòÞãÀãò ããõÀ ÃãäãÌããè ¶½ãìã debentures and units of equity
½¾ãîÞãìãÊã ¹ãâ¡ãò ããè ãã¾ããò ½ãò ãäã¾ãã Øã¾ãã oriented mutual funds the corpus of
which is not exclusively invested in
¹ãÆ¦¾ãàã ãä¶ãÌãñÍã, ãäã¶ãããè ãä¶ããä£ã ãã ãä¶ãÌãñÍã ãäÌããäÍãÓ¦ã: corporate debt; 348.80 396.82
ãã¹ããóÀñ ¨ãÉ¥ã ½ãò ¶ãÖãé ãäã¾ãã Øã¾ãã Öõ; 348.00 396.82
101
(Á. ãÀãñü¡ ½ãò ) (Rs in crore)
ãäÌãÌãÀ¥ã 2009-10 2008-09 Category 2009-10 2008-09

ii) Íãñ¾ãÀãò (ãã¹ããèããñ / ÃÔãããñ¹ããè ÔããäÖ¦ã), (ii) advances against shares/bonds/
¹ããäÀÌã¦ãÃ¶ãÍããèÊã ºããú¡ãò ããõÀ ¹ããäÀÌã¦ãÃ¶ãÍããèÊã debentures or other securities or
on clean basis to individuals for
ãä¡ºãòÞãÀãò ããõÀ ÃãäãÌããè ¶½ãìã ½¾ãîÞãìãÊã investment in shares
¹ãâ¡ãò ããè ¾ãîãä¶ããò ½ãò ãä¶ãÌãñÍã ãñ ãäÊã (including IPOs/ESOPs),
Ì¾ããäã¦ã¾ããò ããñ Íãñ¾ãÀãò / ºããú¡ãò / ãä¡ºãòÞãÀãò ¾ãã ã¶¾ã convertible bonds, convertible
¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ¹ãÆãä¦ã ¾ãã ãä¶ãºãÄ£ã ãã£ããÀ ¹ãÀ ããäØãÆ½ã; 10.81 18.94 debentures and units of
equity-oriented mutual funds. 10.81 18.94
iii) ãäãÔããè ã¶¾ã ¹ãÆ¾ããñã¶ã Öñ¦ãì ãäª Øã Ìãñ ããäØãÆ½ã,
(iii) advances for any other purposes where
ãÖãù Íãñ¾ãÀãò ¾ãã ¹ããäÀÌã¦ãÃ¶ãÍããèÊã ºããú¡ãò ¾ãã shares or convertible bonds or
¹ããäÀÌã¦ãÃ¶ãÍããèÊã ãä¡ºãòÞãÀãò ¾ãã ÃãäãÌããè ¶½ãìã convertible debentures or units of
½¾ãîÞãìãÊã ¹ãâ¡ãñ ããè ¾ãîãä¶ããò ããñ equity oriented mutual funds are
¹ãÆ£ãã¶ã ¹ãÆãä¦ã¼ãîãä¦ã ãñ Â¹ã ½ãò ãäÊã¾ãã ãã¦ãã Öõ; 896.26 812.72 taken as primary security; 896.26 812.72
iv) ãÖãú Íãñ¾ãÀãò / ¹ããäÀÌã¦ãÃ¶ãÍããèÊã ºããú¡ãò / (iv) advances for any other purposes to the
extent secured by the collateral
¹ããäÀÌã¦ãÃ¶ãÍããèÊã ãä¡ºãòÞãÀãò / ÃãäãÌããè ¶½ãìã ½¾ãîÞãìãÊã security of shares or convertible
¹ãâ¡ ããè ¾ãîãä¶ããò Ôãñ ¦ãÀ ¹ãÆ£ãã¶ã ¹ãÆãä¦ã¼ãîãä¦ã bonds or convertible debentures or units
ããäØãÆ½ããò ããñ ¹ãîÀãè ¦ãÀÖ Ôãñ ãÌãÀ ¶ãÖãè ãÀ¦ããè, of equity oriented mutual funds ie.
ÌãÖãú Íãñ¾ãÀãò ¾ãã ¹ããäÀÌã¦ãÃ¶ãÍããèÊã ºããú¡ãò ¾ãã ¹ããäÀÌã¦ãÃ¶ãÍããèÊã where the primary security other than
ãä¡ºãòÞãÀãò ¾ãã ÃãäãÌããè ¶½ãìã ½¾ãîÞãìãÊã ¹ãâ¡ ããè shares/convertible bonds/ convertible
debentures/ units of equity oriented
¾ãîãä¶ããò ããñ Ôãâ¹ãããäÍÌãÃã ¹ãÆãä¦ã¼ãîãä¦ã ´ãÀã ¹ãÆ¦¾ãã¼ãî¦ã mutual funds does not fully cover
ãÀ ãäã¶Öãè ã¶¾ã ÿñÍ¾ããò ãäã ãäÊã ¹ãÆª¦¦ã ããäØãÆ½ã; Íãî¶¾ã Íãì¶¾ã the advances; Nil Nil
v) Ôãùã ºãÆãñãÀ ããñ ãäª Øã ¹ãÆãä¦ã¼ãî¦ã Ìã ã¹ãÆãä¦ã¼ãî¦ã (v) secured and unsecured advances
ããäØãÆ½ã ããõÀ Ôãùã ºãÆãñãÀ ããõÀ ½ãããó ½ãñãÔãÃ to stockbrokers and guarantees
ããè ããñÀ Ôãñ ããÀãè ããè ØãÃ ØããÀâãä¾ããú; 141.89 175.43 issued on behalf of stockbrokers
and market makers; 141.89 175.43
vi) ÔãâÔãã£ã¶ããò ããñ ãìã¶ãñ ããè ã¹ãñàãã Ôãñ ¶ãÃ ãâ¹ããä¶ã¾ããò
(vi) loans sanctioned to corporates against
ããè ÃãäãÌããè ½ãò ¹ãÆÌã¦ãÃã ãñ ãâÍãªã¶ã ããñ ¹ãîÀã ãÀ¶ãñ the security of shares/bonds/debentures
ãñ ãäÊã Íãñ¾ãÀãò / ºããú¡ãò / ãä¡ºãòÞãÀãò ¾ãã ã¶¾ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò or other securities or on clean basis for
ããè ¹ãÆãä¦ã¼ãîãä¦ã ãñ ¹ãÆãä¦ã ¾ãã ãä¶ãºãÃ¶£ã ãã£ããÀ ¹ãÀ meeting promoters contribution to the
ãã¹ããóÀñáÔã ããñ ½ãâãîÀ ¨ãÉ¥ã; Íãî¶¾ã 250.00 equity of new companies in
anticipation of raising resources; Nil 250.00
vii) ¹ãÆ¦¾ãããäÍã¦ã ÃãäãÌããè ¹ãÆÌããÖ /
(vii) bridge loans to companies against
ãä¶ãØãÃ½ããò ¹ãÀ ãâ¹ããä¶ã¾ããò ããñ ¹ãîÀã ¨ãÉ¥ã; Íãî¶¾ã Íãî¶¾ã
expected equity flows / issues; Nil Nil
viii) Íãñ¾ãÀãò ¾ãã ¹ããäÀÌã¦ãÃ¶ãÍããèÊã ºããú¡ãò ¾ãã ¹ããäÀÌã¦ãÃ¶ãÍããèÊã (viii) underwriting commitments taken up by
ãä¡ºãòÞãÀãò ¾ãã ÃãäãÌããè ¶½ãìã ½¾ãìÞ¾ãìãÊã ¹ãâ¡ ããè the banks in respect of primary issue of
¾ãîãä¶ããò ãñ Ôãâºãâ£ã ½ãò ºãöããò ´ãÀã ããè Øã¾ããè shares or convertible bonds or convertible
ã£ããñãäÊããäã¦ã ¹ãÆãä¦ãºã®¦ããú; Íãî¶¾ã Íãî¶¾ã debentures or units of equity
oriented mutual funds; Nil Nil
ix) ½ãããäãÃ¶ã Èñãä¡âØã ãñ ãäÊã Ôãùã ºãÆãñãÀãò
(ix) financing to stockbrokers
ããñ ãäÌã¦¦ã ¹ãÆªã¶ã ãÀ¶ãã; 0.42 Íãî¶¾ã
for margin trading; 0.42 Nil
x) ²ã½ã ¹ãîâããèØã¦ã ãä¶ããä£ã¾ããò (¹ãâããèãð¦ã Ìã ã¹ãâããèãð¦ã ªãñ¶ããò Öãè) (x) all exposures to Venture Capital Funds
ãñ ¹ãÆãä¦ã Ôã¼ããè ¨ãÉ¥ã ûããñãäã½ã; 314.71 116.96 (both registered and unregistered) 314.71 116.96
¹ãîâããè ºããããÀ ããñ ãìÊã £ããÀ ûããñãäã½ã 1712.89 1770.87 Total Exposure to Capital market 1712.89 1770.87
102
7.3 ããñãäã½ã ¹ãÆÌãØãÃ-ÌããÀ ªñÍãØã¦ã ¨ãÉ¥ã ûããñãäã½ã 7.3 Risk Category-wise Country Exposure:
(Á. ãÀãñü¡ ½ãò) (Rs in crore)
ããñãäã½ã ÌãØãÃ 31.3.2010 31.3.2010 31.3.2009 31.3.2009
Risk Category Exposure Provision Exposure Provision
¦ãã ¦ãã ¦ãã ¦ãã
(net) as at held as at (net) as at held as at
ãä¶ãÌãÊã ããäØãÆ½ã £ãããäÀ¦ã ¹ãÆãÌã£ãã¶ã ãä¶ãÌãÊã ããäØãÆ½ã £ãããäÀ¦ã ¹ãÆãÌã£ãã¶ã
31.3.2010 31.3.2010 31.3.2009 31.3.2009
(ãä¶ãÌãÊã)
Insignificant 6196.37 3.43 7219.74 2.93
ã½ãÖ¦Ìã¹ãî¥ãÃ 6196.37 3.43 7219.74 2.93
Low 1988.30 Nil 2012.35 Nil
ã½ã 1988.30 Íãî¶¾ã 2012.35 Íãî¶¾ã
Moderate 1545.76 Nil 1305.87 Nil
Ôãã½ãã¶¾ã 1545.76 Íãî¶¾ã 1305.87 Íãî¶¾ã
High 5.92 Nil 17.39 Nil
ÞÞã 5.92 Íãî¶¾ã 17.39 Íãî¶¾ã
ÞÞã¦ãÀ 0.80 Íãî¶¾ã 5.78 Íãî¶¾ã Very High 0.80 Nil 5.78 Nil
¹ãÆãä¦ãºãâãä£ã¦ã 0.00 Íãî¶¾ã 1.27 Íãî¶¾ã Restricted 0.00 Nil 1.27 Nil
£ããÀ-¦ãÀ 0.00 Íãî¶¾ã 0.00 Íãî¶¾ã Off-credit 0.00 Nil 0.00 Nil
ãìÊã 9737.15 3.43 10562.40 2.93 Total 9737.15 3.43 10562.40 2.93
7.4 Details of Single Borrower Limit (SGL),

7.4 ºãöã ´ãÀã ããä£ãØããä½ã¦ã ãÊã £ããÀã¦ããÃ Ôããè½ãã (ÔãããèÊã), Group Borrower Limit (GBL) exceeded by
Ôã½ãîÖ £ããÀã¦ããÃ Ôããè½ãã (ããèºããèÊã) ãñ ãäÌãÌãÀ¥ã the bank:
¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªôÍããò ããõÀ 2010 ãñ ãäÊã Ö½ããÀñ As per RBI guidelines and terms of Loan
Policy Document of our Bank for 2010, the
ºãöã ãñ ¨ãÉ¥ã ¶ããèãä¦ã ªÔ¦ããÌãñã ããè Íã¦ããô ãñ ã¶ãìÔããÀ ãÊã £ããÀã¦ããÃ permissible level of Single Borrower exposure
¨ãÉ¥ã ûããñãäã½ã Ôããè½ãã ãã ã¶ãì½ãñ¾ã Ô¦ãÀ Á.1557.04 ãÀãñü¡ ceiling is Rs. 1557.04 crores (15% of Capital
(¹ãîâããèØã¦ã ãä¶ããä£ã¾ããò ãã 15%)Öõ ããõÀ Ôã½ãîÖ £ããÀã¦ããÃ Ôããè½ãã ãñ funds) and Rs. 4152.11 crores for Group
Borrower limit (40% of Capital funds)
ãäÊã Á.4152.11 ãÀãñü¡ (¹ãîâããèØã¦ã ãä¶ããä£ã¾ããò ãã 40%) Öõý
(Rs. In crore)
Sl. Name of Exposure Limit Period Amount Board Position
ã. £ããÀã¦ããÃ ¨ãÉ¥ã ½ãâãîÀ ÌãÖ ãÌããä£ã Ôã ãÌããä£ã ºããñ¡Ã ããè 31.03.2010 No. the Ceiling Sanctioned during Outstanding sanction as on
Ôãâ. ãã ¶ãã½ã ããñãäã½ã ããè ãäãÔã ªãõÀã¶ã ããè ºããã¾ãã ½ãâãîÀãè ãñ ¦ãã ãñ ãäÊã Borrower which during the details 31.03.2010
Ôããè½ãã ØãÃ Ôããè½ãã ãã Àã½ã ãäãÔã ãäÌãÌãÀ¥ã ºããã¾ãñ ããè limit period limit outstanding
Ôããè½ãã ããä£ãØã½ã¶ã ªãõÀã¶ã Ôããè½ãã ãäÔ©ããä¦ã exceeded exceeded
Öìãã ãã ããä£ãØã½ã¶ã
Öìãã 1. Indian 1557.04 FB 1650.00 Not Not Permitted FB: Credit Balance
Farmers & NFB 350.00 exceeded applicaple to consider NFB: 123.52
1 . ¼ããÀ¦ããè¾ã 1557.04 ¹ãºããè ããä£ãØã½ã¶ã ¶ãÖãé ÊããØãî ¶ãÖãé Á.2076.05 ¹ãºããè : Fertilisers Credit
ãðÓãã Ìã 1650.00 ãÀãñü¡ ¦ãã ãñ ã½ãã ÍãñÓã Company facilities
ÌãÃÀã ¶ã¹ãºããè ãäÊã £ããÀ ¶ã¹ãºããè : Ltd. upto Rs.
ãâ¹ã¶ããè 350.00 ÔãìãäÌã£ããããò 123.52
ãäÊããä½ãñ¡ ¹ãÀ ãäÌãÞããÀ (IFFCO) 2076.05
(û¹ãããñ) ãÀ¶ãññ ãñ Crores
ãäÊã ã¶ãì½ããä¦ã
2. Emmar 89.80 224.50 Amount NA 22.09.09 NIL
2 . ½½ããÀ 89.80 224.50 Àã½ã ã¼ããè ÊããØãî ¶ãÖãé 22-09-09 Íãî¶¾ã Properties (USD 20 (USD 50 yet to be
¹ãÆãù¹ããêÔã (¾ãîÔã¡ãè (¾ãîÔã¡ãè ÔãâãäÌã¦ããäÀ¦ã PJSC, mio) mio) disbursed
¹ããèãñÔãÔããè, 20 ãä½ã¾ããñ) 50 ãä½ã¾ããñ) ããè ãã¶ããè Öõ Singapore
ãäÔãâØãã¹ãìÀ
3. Government 89.80 157.15 2009-10 157.15 22.09.09 157.15
3 . ÑããèÊãâãã 89.80 157.15 2009-10 157.15 22-09-09 157.15
ÔãÀããÀ - (¾ãîÔã¡ãè (¾ãîÔã¡ãè (¾ãîÔã¡ãè (¾ãîÔã¡ãè of Sri Lanka (USD 20 (USD 35 (USD 35 (USD 35
ÑããèÊãâã¶ã 20 ãä½ã¾ããñ) 35 ãä½ã¾ããñ) 35 ãä½ã¾ããñ) 35 ãä½ã¾ããñ) investment mio) mio) mio) mio)
¡ñÌãñÊã¹ã½ãò in Sri Lankan
ºããù¶¡áÔã, Development
ããñÊã½ºããñ ½ãò Bonds, Colombo
ãä¶ãÌãñÍã
4. Olam 89.80 179.60 2009-10 179.60 29.10.09 180.81
4 . ããñÊã½ã 89.80 179.60 2009-10 179.60 29-10-09 180.81 International (USD 20 (USD 40 (USD 40 (USD 40.27
¶À¶ãñ Í ã¶ãÊã(¾ãîÔã¡ãè (¾ãîÔã¡ãè (¾ãîÔã¡ãè (¾ãîÔã¡ãè
Pte Ltd., mio) mio) mio) mio)
¹ãÆãÌãñ 20 ãä½ã¾ããñ) 40 ãä½ã¾ããñ) 40 ãä½ã¾ããñ) 40.27 ãä½ã¾ããñ)
ãäÊããä½ãñ¡, Singapore
ãäÔãâØãã¹ãìÀ
103
8. ãäÌããäÌã£ã 8. MISCELLANEOUS
8.1 ÌãÓãÃ ãñ ªãõÀã¶ã ãã¾ã ãÀ ãñ ãäÊã ãäã Øã ¹ãÆãÌã£ãã¶ããò ããè 8.1 Amount of provisions made for Income Tax
during the year:
Àã½ã (Á. ãÀãñü¡ ½ãò)
(Rs. in crore)
2009-10 2008-09 2009-10 2008-09
ãã¾ã ãÀ ãñ ãäÊã ¹ãÆãÌã£ãã¶ã (ãä¶ãÌãÊã) 45.94 698.20 Provision for Income Tax (net) 45.94 698.20
ãä¶ã½¶ã¦ã½ã ÌãõããäÊ¹ãã ãÀ (½ãõ) Provision for Minimum
ãñ ãäÊã ¹ãÆãÌã£ãã¶ã 250.74 --- Alternate Tax (MAT) 250.74
½ãõ £ããÀ ¹ãã¨ã¦ãã (250.74) --- MAT Credit Entitlement (250.74)
ã¶ãìÓãâØããè Êãã¼ã ãÀ ãñ ãäÊã ¹ãÆãÌã£ãã¶ã --- 12.94 Provision for Fringe Benefit Tax - 12.94
8.2 ¼ããÀ¦ããè ¾ ã ãä À ãÌãÃ ºãö ã ´ãÀã ÊãØãã Øã ãì ½ ããÃ ¶ ãñ ãã 8.2 Disclosure of Penalties imposed by RBI:
NIL
¹ãÆããèãÀ¥ã : Íãî¶¾ã
8.3 Provisions and Contingencies Break-up
8.3 ¹ãÆãÌã£ãã¶ã Ìãâ ããããäÔ½ãã¦ããú - ºãÆñã ã¹ã
(Rs. in crore)
Break up of Provisions and 2009-10 2008-09
Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ½ãò Ì¾ã¾ã 2009-10 2008-09
Contingencies shown under
ÍããèÓãÃ ãñ ¦ãÖ¦ã ªÍããÃ Øã the head Expenditure in
¹ãÆãÌã£ãã¶ã Ìã ããããäÔ½ãã¦ããããò Profit and Loss Account
ãã ºãñÆãã¹ã
Provisions for depreciation
ãä¶ãÌãñÍã ¹ãÀ ½ãîÊ¾ãÖÆãÔã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã -120.02 1.07 on Investment -120.02 1.07
ã¶ããÃã ãããäÔ¦ã¾ããò ãñ ¹ãÆãä¦ã ¹ãÆãÌã£ãã¶ã 919.46 365.50 Provision towards NPA 919.46 365.50
½ãã¶ãã ãããäÔ¦ã¾ããò ãñ ¹ãÆãä¦ã ¹ãÆãÌã£ãã¶ã 6.01 47.40
Provision towards Standard Assets 6.01 47.40
ãã¾ããÀ (¹ãºããèãè, ããÔ©ããäØã¦ã
ãÀ Ìã Ôãâ¹ããä¦¦ã ãÀ ÔããäÖ¦ã) Provision made towards Income Tax
ãñ ¹ãÆãä¦ã ãäã¾ãã Øã¾ãã ¹ãÆãÌã£ãã¶ã 271.99 628.51 (incl FBT, Deferred Tax & Wealth Tax) 271.99 628.51
ã¶¾ã ¹ãÆãÌã£ãã¶ã Ìã ããããäÔã¦ããú 60.22 155.45 Other Provision and Contingencies 60.22 155.45
ãìÊã 1137.66 1197.93 TOTAL 1137.66 1197.93
8.4 ãÔ©ãã¾ããè ¹ãÆ ã Ìã£ãã¶ã 8.4 Floating Provisions

ãä Ì ãÌãÀ¥ã 2009-10 2008-09 Particulars 2009-10 2008-09
ã) ãÔ©ãã¾ããè ¹ãÆãÌã£ãã¶ããò ãñ ãã¦ãñ (a) Opening balance in the
½ãò ããÀâãä¼ãã ÍãñÓã 171.36 259.92 floating provisions account 171.36 259.92
ã) Êãñããâã¶ã ÌãÓãÃ ½ãò ãäã Øã ãÔ©ãã¾ããè (b) The quantum of floating
¹ãÆãÌã£ãã¶ããò ããè ¹ãÆ½ãã¨ãã Íãî¶¾ã Íãî¶¾ã provisions made in the
accounting year Nil Nil
Øã) Êãñããâã¶ã ÌãÓãÃ ãñ ªãõÀã¶ã ããè ØãÃ
(c) Amount of draw down made
ãä¶ããããäÔã¾ããò ããè Àã½ã Íãî¶¾ã 88.56 during the accounting year Nil 88.56
Üã) ãÔ©ãã¾ããè ¹ãÆãÌã£ãã¶ããò ãñ ãã¦ãñ (d) Closing balance in the floating
½ãò ãâãä¦ã½ã ÍãñÓã 171.36 171.36 provisions account 171.36 171.36
104
8.5 ãä Í ããã¾ã¦ããò ãã ¹ãÆ ããè ãÀ¥ã 8.5 Disclosure of complaints
8.5.1 Customer Complaints
8.5.1 ØãÆãÖããò ããè ãäÍããã¾ã¦ãò
(a) No. of complaints pending at the
(ã) ÌãÓãÃ ãñ ¹ãÆãÀâ¼ã ½ãò Êãâãäºã¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã 47 beginning of the year 47
(b) No. of complaints received
(ã) ÌãÓãÃ ãñ ªãõÀã¶ã ¹ãÆã¹¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã 1291 during the year 1291
(Øã) ÌãÓãÃ ãñ ªãõÀã¶ã ãä¶ãÌãããäÀ¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã 1280 (c) No. of complaints redressed
during the year 1280
(Üã) ÌãÓãÃ ãñ ãâ¦ã ½ãò Êãâãäºã¦ã ãäÍããã¾ã¦ããò ããè Ôãâ¾ãã 58
(d) No. of complaints pending at the
8.5.2 ºãöãäãâØã Êããñã¹ããÊã ´ãÀã ¹ãããäÀ¦ã ããä£ããä¶ã¥ãÃ¾ã end of the year 58
8.5.2 Awards passed by the Banking
(ã) ÌãÓãÃ ãñ ¹ãÆãÀâ¼ã ½ãò ã-ãã¾ããÃãä¶Ìã¦ã ããä£ããä¶ã¥ãÃ¾ããò Ombudsman
ããè Ôãâ¾ãã 2
(a) No. of unimplemented Awards at the
(ã) ÌãÓãÃ ãñ ªãõÀã¶ã ºãöãäãâØã Êããñã¹ããÊã ´ãÀã ¹ãããäÀ¦ã beginning of the year 2
ããä£ããä¶ã¥ãÃ¾ããò ããè Ôãâ¾ãã 1 (b) No. of Awards passed by the Banking
(Øã) ÌãÓãÃ ãñ ªãõÀã¶ã ãã¾ããÃãä¶Ìã¦ã ããä£ããä¶ã¥ãÃ¾ããò ããè Ôãâ¾ãã 1 Ombudsmen during the year 1
(c) No. of Awards implemented during the year 1
(Üã) ÞÞã ¶¾ãã¾ããÊã¾ã ½ãò ããä£ããä¶ã¥ãÃ¾ããò ãñ ãäÌãÁ®
ã¶ãì½ã¦ã ã¹ããèÊããò ããè Ôãâ¾ãã 1 (d) Appeal against the awards allowed
in the High Court 1
(Þã) ÌãÓãÃ ãñ ãâ¦ã ½ãò ã-ãã¾ããÃãä¶Ìã¦ã ããä£ããä¶ã¥ãÃ¾ããò
ããè Ôãâ¾ãã 1 (e) No. of unimplemented Awards at the
end of the year 1
8.6 Þãì ããõ ¦ ããè ããÍÌããÔã¶ã-¹ã¨ã (Êãããñ Ô ããè ) 8.6 Letters of Comfort (LoC)
ÌãÓãÃ ãñ ªãõÀã¶ã ããÀãè ãäã Øã Þãìããõ¦ããè ããÍÌããÔã¶ã-¹ã¨ã 1 Letters of Comfort issued during the year One
½ãîÊ¾ããâãäã¦ã ãäÌã¦¦ããè¾ã ¹ãÆ¼ããÌã Íãî¶¾ã Assessed Financial Impact Nil
ÔãâÞã¾ããè ½ãîÊ¾ããâãäã¦ã ãäÌã¦¦ããè¾ã ºãã£¾ã¦ããâ Íãî¶¾ã Cumulative Assessed Financial Obligations Nil
ÌãÓãÃ 2009-10 ãñ ªãõÀã¶ã ºãöã ¶ãñ ã Þãìããõ¦ããè ããÍÌããÔã¶ã ¹ã¨ã During the year 2009-10, the Bank has issued
(ÊãããñÔããè) Ôã ÌãÞã¶ã ãñ Ôãã©ã ããÀãè ãäã¾ãã Öõ ãäã ÌãÖ ã¹ã¶ããè a Letter of Comfort (LoC) undertaking to
ºãöããã Íãããã ãñ Ôã½ºã¶£ã ½ãò 12% ãñ ¶¾ãî¶ã¦ã½ã ÔããèããÀããÀ maintain a minimum CRAR of 12% in respect
of Bangkok branch.
ããñ ºã¶ãã ÀãñØããý
There is no other LoC issued by the Bank
ãäÊÊããäã¦ã ãñ ãÊããÌãã ããõÀ ããñÃ ÊãããñÔããè ¶ãÖãé Öõ ãäãÔãñ ºãöã other than the one mentioned above
¶ãñ ããÀãè ãäã¾ãã Öõ ããõÀ ½ãîÊ¾ããâã¶ã ãñ ã¶ãìÔããÀ 31-03-2010 ¦ãã and as assessed there is no financial impact
ãñ ãäÊã Ôã ÊãããñÔããè ãñ ããÀ¥ã ããñÃ ãäÌã¦¦ããè¾ã ¹ãÆ¼ããÌã ¶ãÖãé Öõý on account of this LoC as on 31.03.2010
8.7 ã¹ãÆ¦¾ãã¼ãî¦ã ããäØãÆ½ã (ºãöã ´ãÀã ¹ãÆ½ãããä¥ã¦ã ã¶ãìÔããÀ) 8.7 Unsecured Advances (As certified by the
Bank)
(Á.ãÀãñü¡ ½ãò)
(Rs. In crore)
ãìÊã Àã½ã ãäãÔããñ ãäÊã ããä£ãããÀãò ¹ãÀ ¹ãÆ¼ããÀ, Total amount for which intangible
ÊããÔãòÔã ¹ãÆããä£ããÀ¥ã ãããäª ãõÔããè ã½ãî¦ãÃ securities such as charge over
¹ãÆãä¦ã¼ãîãä¦ã¾ããú Êããè Øã¾ããè Öö 1292.01 the rights, licences authority, etc.,
has been taken 1292.01
Ôã ¹ãÆããÀ ããè ã½ãî¦ãÃ Ôãâ¹ãããäÍÌãÃã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò Estimated value of such
ãã ã¶ãì½ãããä¶ã¦ã ½ãîÊ¾ã 7218.87 intangible collateral 7218.87
105
8.8 ºãöãÍ¾ãîÀ¶Ôã ããÀãñºããÀ (Á.ãÀãñü¡ ½ãò) 8.8 Bancassurance Business (Rs. In crore)
¹ãÆã¹¦ã ÍãìÊã/¹ãããäÀÑããä½ãã 14.38 Fees / Remuneration Received 14.38

9. DISCLOSURES IN TERMS OF
9 Êãñããâã¶ã ½ãã¶ãããò ãñ ãä¶ãºãâ£ã¶ããò ãñ ã¶ãìÔããÀ ACCOUNTING STANDARDS
¹ãÆããèãÀ¥ã: 9.1 Accounting Standard 15 Employee
Benefits
9.1 Êãñããâã¶ã ½ãã¶ãã 15 - ã½ãÃÞããÀãè Êãã¼ã
i) The Bank had adopted Accounting
i) ºãöã ¶ãñ 01 ã¹ãÆõÊã 2007 Ôãñ ¼ããÀ¦ããè¾ã Ôã¶ãªãè ÊãñããããÀ Standard 15 (Revised) Employees
ÔãâÔ©ãã¶ã ´ãÀã ããÀãè ã½ãÃÞããÀãè Êãã¼ã Ôãâºãâ£ããè Êãñããâã¶ã Benefits issued by the Institute of
Chartered Accountants of India, with effect
½ãã¶ãã 15 (¹ããäÀÍããñãä£ã¦ã ) ããñ ã¹ã¶ãã¾ãã ©ããý from 1st April 2007.
ii) Ôã ÌãÓãÃ ãñ ÍãìÁãã¦ã ½ãò ã½ãÃÞããÀãè ¹ãòÍã¶ã ãñ ãäÊã ã¶ããä¼ãã ii) The balance of unrecognised Transitional
Ôãâã½ã¥ãããÊããè¶ã ªñ¾ã¦ãã ãã ÍãñÓã Á.267 ãÀãñü¡ (ãä¹ãÊãñ Liability on account of Employee Pension
amounted to Rs.267 Crores (previous year
ÌãÓãÃ ãñ ãäÊã Á.356 ãÀãñü¡) Öõý 31-03-2010 ããñ Rs.356 Crores) at the beginning of this
Ôã½ãã¹¦ã ÞããÊãî ÌãÓãÃ ãñ ãä Ê ã Á.89 ãÀãñ ü ¡ ããè Àããä Í ã year. A sum of Rs. 89 Crores (previous
(ãä¹ãÊãñ ÌãÓãÃ Á.89 ãÀãñü¡) Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ããñ year Rs. 89 Crores) has been charged
to Profit & Loss Account of the current
¹ãÆ¼ãããäÀ¦ã ããè Øã¾ããè Öõý Á.178 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãÃ year ended 31.03.2010. The balance
Á.267 ãÀãñü¡) ããè ÍãñÓã ã¶ããä¼ãã ªñ¾ã¦ãã ããñ ããØãñ Êãñ Unrecognized Liability of Rs.178 crores
ãã¾ãã ãã ÀÖã Öõ ¦ãããäã Ôãñ ãØãÊãñ ªãñ ÌãÓããô ½ãò ¹ãÆ¼ãããäÀ¦ã (previous year Rs.267 crores) is being
ãäã¾ãã ãã Ôããñý carried forward to be charged off in the
next two years
iii. Êãñ ããâ ã¶ã ½ãã¶ãã -15(¹ããä À Íããñ ã ä £ ã¦ã) ãñ ã¶ãì Ô ããÀ iii) The summarized position of Post-
ã¹ãñãäàã¦ã Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ããõÀ ¦ãìÊã¶ã ¹ã¨ã ½ãò ¹ãÖÞãã¶ãñ employment benefits and long term
employee benefits recognized in the Profit
Øã ãä¶ã¾ããñã¶ã-¦¦ãÀ Êãã¼ããò Ìã ªãèÜãÃããÊããè¶ã ã½ãÃÞããÀãè Êãã¼ããò
& Loss Account and Balance Sheet as
ããè ÔããÀãâÍãØã¦ã ãäÔ©ããä¦ã ãä¶ã½¶ãÌã¦ã Öõ: required in accordance with Accounting
Standard15 (Revised) are as under:
(ã) ¹ããä À ¼ãããä Ó ã¦ã Êãã¼ã ¾ããñ ã¶ããú
(a) Defined Benefit Schemes:
ºãã£¾ã¦ããããò ãñ Ìã¦ãÃ½ãã¶ã ½ãîÊ¾ããò ½ãò ¹ããäÀÌã¦ãÃ¶ã Changes in the present value of the obligations
(Á. ãÀãñü¡ ½ãò ) (Rs. in crore)
¹ãòÍã¶ã ØãõÞ¾ãìãè ãÌãããÍã PENSION GRATUITY LEAVE

(ãä¶ããä£ãã) (ãä¶ããä£ãã) ¶ããªãèãÀ¥ã ENCASHMENT
(ØãõÀ ãä¶ããä£ãã) (Funded) (Funded) (Un Funded)
2010 2009 2010 2009 2010 2009
2010 2009 2010 2009 2010 2009
Present Value of
ÌãÓãÃ ãñ ããÀâ¼ã ½ãò obligation as at
ºãã£¾ã¦ããããò ãã the beginning of
Ìã¦ãÃ½ãã¶ã ½ãîÊ¾ã 1709.90 1572.27 507.34 466.18 254.00 247.83 the year 1709.90 1572.27 507.34 466.18 254.00 247.83
º¾ããã ÊããØã¦ã 136.79 117.92 39.26 36.37 18.48 18.96 Interest Cost 136.79 117.92 39.26 36.37 18.48 18.96
Current Service Cost 31.10 28.57 26.91 25.83 15.22 14.96
Ìã¦ãÃ½ãã¶ã ÔãñÌãã ÊããØã¦ã 31.10 28.57 26.91 25.83 15.22 14.96
Benefits Paid (104.43) (73.60) (33.20) (23.21) (15.13) (21.63)
¹ãÆª¦¦ã Êãã¼ã (104.43) (73.60) (33.20) (23.21) (15.13) (21.63)
Actuarial loss/
ºãã£¾ã¦ããããò ¹ãÀ ÌããÔ¦ããäÌãã (gain) on
¶ãìãÔãã¶ã / (Êãã¼ã) 276.11 64.74 (17.03) 2.17 (8.22) (6.12) Obligations 276.11 64.74 (17.03) 2.17 (8.22) (6.12)
Present Value of
ÌãÓãÃ ãñ ãâ¦ã ½ãò ºãã£¾ã¦ããããò Obligation at
ãã Ìã¦ãÃ½ãã¶ã ½ãîÊ¾ã 2049.47 1709.90 523.28 507.34 264.35 254.00 year end 2049.47 1709.90 523.28 507.34 264.35 254.00
106
¾ããñã¶ãã ãããäÔ¦ã ãñ ãäÞã¦ã ½ãîÊ¾ã ½ãò ¹ããäÀÌã¦ãÃ¶ã Change in Fair Value of Plan Asset
(Á. ãÀãñ¡ü ½ãò ) (Rs. in crores)
¹ãòÍã¶ã ØãõÞ¾ãìãè ãÌãããÍã
PENSION GRATUITY LEAVE
2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009
ÌãÓãÃ ãñ ããÀâ¼ã ½ãò Fair Value of Plan
¾ããñã¶ãã ãããäÔ¦ã Assets at the
ãã ãäÞã¦ã ½ãîÊ¾ã @ 1709.90 1572.27 507.34 466.18 0.00 0.00 beginning of
the year @ 1709.90 1572.27 507.34 466.18 0.00 0.00
¾ããñã¶ãã ãããäÔ¦ã
Expected return
¹ãÀ ¹ãÆ¦¾ãããäÍã¦ã Êãã¼ã 115.43 91.22 55.58 43.02 0.00 0.00 on Plan Assets 115.43 91.22 55.58 43.02 0.00 0.00
ãä¶ã¾ããñã¦ãã ãã Employers
ãâÍãªã¶ã 366.12 192.91 180.00 11.00 15.13 21.63 contribution 366.12 192.91 180.00 11.00 15.13 21.63
¹ãÆª¦¦ã Êãã¼ã (104.43) (73.60) (33.20) (23.21) (15.13) (21.63) Benefit Paid (104.43) (73.60) (33.20) (23.21) (15.13) (21.63)
ºãã£¾ã¦ããããò ¹ãÀ Actuarial loss/

ÌããÔ¦ããäÌãã (gain) on
¶ãìãÔãã¶ã / (Êãã¼ã) (92.05) (72.90) (33.66) 10.35 0.00 0.00 Obligations (92.05) (72.90) (33.66) 10.35 0.00 0.00
ÌãÓãÃ ãñ ãâ¦ã ½ãò Fair Value of

Plan Asset at
¾ããñã¶ãã ãããäÔ¦ã ãã the end of
ãäÞã¦ã ½ãîÊ¾ã @ 1994.97 1709.90 676.06 507.34 0.00 0.00 the year @ 1994.97 1709.90 676.06 507.34 0.00 0.00
@ Ôãâã½ã¥ãããÊããè¶ã ªñ¾ã¦ãã ÔããäÖ¦ã - ã¦ã ¶ããñ Ôãâ-9.1(ii) ªñãò @ including transitional liability See Note 9.1(ii) above
¦ãìÊã¶ã - ¹ã¨ã ½ãò ¹ãÖÞãã¶ããè Øã¾ããè Àã½ã Amount recognised in Balance Sheet
¹ãòÍã¶ã ØãõÞ¾ãìãè ãÌãããÍã
2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009
ÌãÓãÃ ãñ ãâ¦ã ¦ãã Estimated Present

ºãã£¾ã¦ããããò ãã value of obligations
ã¶ãì½ãããä¶ã¦ã as at the end
Ìã¦ãÃ½ãã¶ã ½ãîÊ¾ã 2049.97 1709.90 523.28 507.34 264.35 254.00 of the year 2049.97 1709.90 523.28 507.34 264.35 254.00
ÌãÓãÃ ãñ ãâ¦ã ¦ãã Actual Fair value

¾ããñã¶ãã ãããäÔ¦ã of Plan Assets
ãã ÌããÔ¦ããäÌãã as at the end
ãäÞã¦ã ½ãîÊ¾ã 1816.97 1442.90 676.06 507.34 0.00 0.00 of the year 1816.97 1442.90 676.06 507.34 0.00 0.00
ããä¶ããä£ãã ãä¶ãÌãÊã Un-funded

ªñ¾ã¦ãã 232.50* 267.00(141.46)** - 264.35 254.00 Net Liability 232.50* 267.00(141.46)** - 264.35 254.00
* Includes unrecognized transitional liability

* Á¹ã¾ãñ 178 ãÀãñü¡ ããè ã¶ããä¼ãã Ôãâã½ã¥ãããÊããè¶ã ªñ¾ã¦ãã Íãããä½ãÊã carried forward Rs.178 crores.
Öõ, ãäãÔãñ ããØãñ Êãñ ãã¾ãã Øã¾ãã Öõý
** This represent the Present Value of future
** ¾ãÖ Ôã 15 ããÀ ãñ ¹ãõÀã 59(ºããè) ãñ ¦ãÖ¦ã Á.152.78 ãÀãñü¡ reduction of Rs.152.78 crores under Para
59(b) of AS15R.
ããè ¼ããäÌãÓ¾ãØã¦ã ã½ããè ãñ Ìã¦ãÃ½ãã¶ã ½ãîÊ¾ã ããñ ªÍããÃ¦ãã Öõý
107
Êãã¼ã Ìã Öããä¶ã ½ãò ¹ãÖÞãã¶ãã Øã¾ãã Ì¾ã¾ã Expenses Recognised in Profit & Loss
¹ãòÍã¶ã ØãõÞ¾ãìãè ãÌãããÍã PENSION GRATUITY LEAVE
(Funded) (Funded) (Un Funded)
(ØãõÀ ãä¶ããä£ãã)
2010 2009 2010 2009 2010 2009
2010 2009 2010 2009 2010 2009
Current Service
Ìã¦ãÃ½ãã¶ã ÔãñÌãã ÊããØã¦ã 31.10 28.57 26.91 25.83 15.22 14.96 Cost 31.10 28.57 26.91 25.83 15.22 14.96
º¾ããã ÊããØã¦ã 136.79 117.92 39.26 36.37 18.48 18.96 Interest Cost 136.79 117.92 39.26 36.37 18.48 18.96
Expected return
¾ããñã¶ãã ãããäÔ¦ã ¹ãÀ on Plan Asset (115.43) (91.22) (55.58) (43.02) 0.00 0.00
¹ãÆ¦¾ãããäÍã¦ã Êãã¼ã (115.43) (91.22) (55.58) (43.02) 0.00 0.00
Net Actuarial
ÌãÓãÃ ½ãò ¹ãÖÞãã¶ãã Øã¾ãã (Gain)/Loss
recognised in
ãä¶ãÌãÊã ÌããÔ¦ããäÌãã
the year 368.16 137.64 16.63 (8.18) (8.22) (6.12)
(Êãã¼ã) / Öããä¶ã 368.16 137.64 16.63 (8.18) (8.22) (6.12)
Effect of limit
Ôã15ããÀ ãñ as per AS15R 11.32
ã¶ãìÔããÀ Ôããè½ãã ãã ¹ãÆ¼ããÌã ----- ----- 11.32 ----- ----- ----- Total expenses
recognised in
Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ½ãò Profit & Loss
¹ãÖÞãã¶ãã Øã¾ãã ãìÊã Ì¾ã¾ã 420.62 192.91 38.54 11.00 25.48 27.80 Account 420.62 192.91 38.54 11.00 25.48 27.80
¹ãòÍã¶ã Ìã ØãÆõÞ¾ãìãè ¶¾ããÔã ´ãÀã ã¶ãìÀãäàã¦ã ãä¶ãÌãñÍã ¹ãÆãä¦ãÍã¦ã¦ãã : Investment percentage maintained by Pension
& Gratuity Trust
¹ãòÍã¶ã ¶¾ããÔã (%) ØãÆõÞ¾ãìãè ¶¾ããÔã (%) Pension Trust (%) Gratuity Trust (%)
2010 2009 2010 2009 2010 2009 2010 2009
ã. ¨ãÉ¥ã ãäÊãã¦ãò a) Debt Instruments
Central Government
ãñ¶³ ÔãÀããÀ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú 18.67 25.53 18.89 27.32
Securities 18.67 25.53 18.89 27.32
Àã¾ã ÔãÀããÀ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú 31.25 16.17 29.51 18.17 State Government
¹ããèÔã¾ãì ½ãò ãä¶ãÌãñÍã * 40.92 50.41 38.51 43.97 Securities 31.25 16.17 29.51 18.17
Investment in PSU* 40.92 50.41 38.51 43.97
ã¶¾ã ãä¶ãÌãñÍã 9.15 7.89 13.10 10.54
Other Investments 9.15 7.89 13.10 10.54
ã. ÃãäãÌããè ãäÊãã¦ã Íãî¶¾ã Íãî¶¾ã Íãî¶¾ã Íãî¶¾ã b) Equity Instruments Nil Nil Nil Nil
* ÔããÌãÃããä¶ãã àãñ¨ã ãñ ¹ãã½ããò ½ãò ãä¶ãÌãñÍã ãñ ãâ¦ãØãÃ¦ã Ôã ºãöã ããè ¹ãòÍã¶ã ãä¶ããä£ã ½ãò Á.99.50 * Investments in PSU includes own Fixed Deposits
ãÀãñü¡ (17.36%) ããõÀ ØãÆñÞ¾ãìãè ãä¶ããä£ã ½ãò Á.0.05 ãÀãñü¡ (0.02%) ããè ãìª ããè of this Bank Rs.99.50 Crores (17.36%) in Pension
ãä½ã¾ããªãè ã½ããâ Íãããä½ãÊã Ööý Fund and Rs.0.05 Crores (0.02%) in Gratuity Fund.
¦ãìÊã¶ã-¹ã¨ã ããè ¦ããÀãèã ¦ãã ½ãîÊã ÌããÔ¦ããäÌãã ã¶ãì½ãã¶ã (¼ãããäÀ¦ã Principal actuarial assumptions at the Balance
Sheet Date (expressed as weighted average)
ããõÔã¦ã ãñ Â¹ã ½ãò ããä¼ãÌ¾ãã¦ã)
¹ãòÍã¶ã ØãõÞ¾ãìãè ãÌãããÍã ENCASHMENT
(ãä¶ããä£ãã) (ãä¶ããä£ãã) ¶ããªãèãÀ¥ã (Funded) (Funded) (Un Funded)
(ØãõÀ ãä¶ããä£ãã) 2010 2009 2010 2009 2010 2009
2010 2009 2010 2009 2010 2009
Discount Rate 8.00% 7.50% 8.00% 7.50% 8.00% 7.50%
ºãáã ªÀ 8.00% 7.50% 8.00% 7.50% 8.00% 7.50% Expected rate
¾ããñã¶ãã ãããäÔ¦ã¾ããò of return on
Plan Assets 8.00% 9.23% 9.57% 9.57% 0% 0%
¹ãÀ ¹ãÆ¦¾ãããäÍã¦ã Êãã¼ã ªÀ 8.00% 9.23% 9.57% 9.57% 0% 0%
Expected Rate of
Ìãñ¦ã¶ã Ìãðãä® ããè ¹ãÆ¦¾ãããäÍã¦ã ªÀ 4% 5% 4% 5% 4% 5% Salary increase 4% 5% 4% 5% 4% 5%
ã¹ã¶ãã¾ããè Øã¾ããè ¹ãÆãäã¾ãã ¹ãÆàãñã¹ä ã¦ã ããÃ ¹ãÆàãñã¹ä ã¦ã ããÃ ¹ãÆàãñã¹ä ã¦ã ããÃ Method used Projected Projected Projected
unit credit unit credit unit credit
£ããÀ £ããÀ £ããÀ
Actual return on Plan Assets: Gratuity Rs. 21.92 Crores (Previous
¾ããñã¶ãã ãããäÔ¦ã¾ããò ¹ãÀ ÌããÔ¦ããäÌãã Êãã¼ã: ØãÆõÞ¾ãìãè Á.21.92 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãÃ Á.53.37 ãÀãñü¡) Year Rs.53.37Crores)
108
ã¶ãì ¼ ãÌãØã¦ã Ôã½ãâ ã¶ã Experience Adjustments
ãäÌãÌãÀ¥ã ØãÆõÞ¾ãìãè ãÌãããÍã ¶ããªãèãÀ¥ã Particulars Gratuity (Funded) Leave Encashment
(ãä¶ããä£ãã) (ØãõÀ ãä¶ããä£ãã) (Un funded)
2010 2009 2010 2009 2010 2009 2010 2009
¾ããñã¶ãã ãããäÔ¦ã¾ããò ¹ãÀ Experience adjustment

ã¶ãì¼ãÌãØã¦ã Ôã½ãâã¶ã on Plan assets
(Loss)/Gain (33.66) 10.35 Nil Nil
(Öããä¶ã) / Êãã¼ã (33.66) 10.35 Íãî¶¾ã Íãî¶¾ã
Experience adjustment
¾ããñã¶ãã ªñ¾ã¦ããããò ¹ãÀ on Plan Liabilities
ã¶ãì¼ãÌãØã¦ã Ôã½ãâã¶ã (Loss)/Gain (21.67) 10.52 (9.30) 8.87
(Öããä¶ã) / Êãã¼ã (21.67) 10.52 (9.30) 8.87
The estimates of future salary increases,
ÌããÔ¦ããäÌãã ½ãîÊ¾ããâã¶ã ãñ ¦ãÖ¦ã ¼ããÌããè Ìãñ¦ã¶ã Ìãðãä® ãñ ã¶ãì½ãã¶ããò ½ãò, considered in actuarial valuation, take into
account actual return on plan assets, inflation,
¾ããñã¶ãã ãããäÔ¦ã¾ããò ¹ãÀ ÌããÔ¦ããäÌãã Êãã¼ã, ½ãì³ãÔ¹ããèãä¦ã, ÌãÀãè¾ã¦ãã, ¹ãªãñ¸ããä¦ã seniority, promotion and other relevant factors,
ããõÀ ã¶¾ã Ôãâºãâãä£ã¦ã ããÀããò ¾ã©ãã ã½ãÃÞããÀãè ºããûããÀ ½ãò ½ããúØã Ìã ãã¹ãîãä¦ãÃ such as supply and demand in employee market.
ããñ ãäÖÔããºã ½ãò ãäÊã¾ãã Øã¾ãã Öõý The provision made on account of expected
increase in salary levels of employees for the
31-03-2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ ãäÊã ã½ãÃÞãããäÀ¾ããò ãñ Ìãñ¦ã¶ã Ô¦ãÀãò ½ãò year ended 31.03.2010 is Rs.168 crores, forming
¹ãÆ¦¾ãããäÍã¦ã Ìãðãä® ãñ ããÀ¥ã ãäã Øã ¹ãÆãÌã£ãã¶ã ããè Àã½ã Á.168 ãÀãñü¡ an aggregate provision of Rs.406 crores, which
Öõ, ãäãÔãÔãñ Á.406 ãÀãñü¡ ãã Ôã½ãñãäã¦ã ¹ãÆãÌã£ãã¶ã ºã¶ã¦ãã Öõ, ãäãÔãñ is considered adequate for meeting the
incremental liability.
Ìãðãä®ÍããèÊã ªñ¾ã¦ãã ããñ ¹ãîÀã ãÀ¶ãñ ãñ ãäÊã ¹ã¾ããÃ¹¦ã ½ãã¶ãã Øã¾ãã Öõý
In respect of overseas branches, disclosures if
ãäÌãªñÍããè Íããããããò ãñ Ôãâºãâ£ã ½ãò ã½ãÃÞããÀãè Êãã¼ã ¾ããñã¶ãã ãñ ãäÊã ¾ããäª any, required for Employee Benefit Schemes are
ããñÃ ¹ãÆããèãÀ¥ã ã¹ãñãäàã¦ã Öõ ¦ããñ ÔãîÞã¶ãã ãñ ã¼ããÌã ½ãò ¾ãÖ ¶ãÖãé Öõý not made in the absence of information.
(b) The financial assumptions considered for the
(ã) ¹ããäÀãÊã¶ããò ãñ ãäÊã ãäã Øã ãäÌã¦¦ããè¾ã ã¶ãì½ãã¶ã ãä¶ã½¶ãÌã¦ã Öõ calculations are as under:-
ºãáã ªÀ : ºãáã ªÀ ããñ ½ãîÊ¾ããâã¶ã ããè ¦ããÀãèã (¦ãìÊã¶ã - ¹ã¨ã Discount Rate: - The discount rate has been
ãäª¶ããâãäã¦ã 31.03.2010) ÔãÀããÀãè ºããú¡ãò ¹ãÀ ºããããÀ Êãã¼ã ãñ chosen by reference to market yield on
government bonds as on the date of
Ôãâª¼ãÃ ½ãò ¦ã¾ã ãäã¾ãã Øã¾ãã Öõ ý valuation. (Balance sheet date 31.03.2010)
¹ãÆ¦¾ãããäÍã¦ã Êãã¼ã ªÀ: ¹ãòÍã¶ã Ìã ìáãè ãñ ¶ããªãèãÀ¥ã ãñ Ôãâºãâ£ã ½ãò Expected Rate of Return: In case of Pension
and Leave Encashment, the expected rate
¹ãÆ¦¾ãããäÍã¦ã Êãã¼ã ªÀ ããñ ÔãÀããÀãè ºããú¡ ¹ãÀ Êãã¼ã ãñ ãã£ããÀ ¹ãÀ ¦ã¾ã
of return is taken on the basis of yield on
ãäã¾ãã Øã¾ãã Öõý ØãÆõÞ¾ãìãè ãñ Ôãâºãâ£ã ½ãò ÌããÔ¦ããäÌãã Êãã¼ã ããñ ãäÊã¾ãã government bonds. In case of gratuity, the
Øã¾ãã Öõ ý actual return has been taken.
Salary Increase: On the basis of past data.
Ìãñ¦ã¶ã Ìãðãä® : Øã¦ã ¡ãã ãñ ãã£ããÀ ¹ãÀ ý
(c) Banks best estimate expected to be paid
(Øã) ãØãÊãñ ãäÌã¦¦ããè¾ã ÌãÓãÃ ½ãò ã¹ãñãäàã¦ã ãªã¾ãØããè ÌããÊãñ ØãÆõÞ¾ãìãè ãñ ãäÊã in next Financial Year for Gratuity is Nil.
ºãöã ãã ÔãÌããó¦¦ã½ã ãããÊã¶ã Íãî¶¾ã Öõý (d) The contribution on account of Defined
Contribution Scheme Provident Fund
(Üã) ¹ããäÀ¼ãããäÓã¦ã ãâÍãªã¶ã ¾ããñã¶ãã - ¼ããäÌãÓ¾ã ãä¶ããä£ã ãñ ããÀ¥ã Öãñ¶ãñÌããÊãñ Rs.716.16 Crores (previous year Rs. 620.25
ãâÍãªã¶ã ããè ÀããäÍã Öõ Á.716.16 ãÀãñü¡ (ãä¹ãÊãñ ÌãÓãÃ - Crores).
Á.620.25 ãÀãñü¡)ý
109
9.2 Accounting Standard 17 Segment Reporting
The bank has adopted Reserve Bank of Indias revised guidelines issued in April 2007 on Segment
Reporting in terms of which the reportable segments have been divided into Treasury, Corporate/
Wholesale Banking, Retail Banking and Other Banking Operations.
Part A: Business Segments
Business Segments Treasury Corporate/Wholesale Retail Banking Other Banking TOTAL
Banking Operations
Particulars 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09
Revenue 2892.04 2917.86 4862.74 4487.28 3269.72 3288.83 350.84 447.42 11375.34 11141.39
Result 33.29 310.44 901.06 1145.66 975.14 766.74 -78.36 205.22 1831.13 2428.06
Unallocated Income - - - - - - 13.68 95.84
Unallocated Expenses 0.19 0.18
Operating
Profit/Loss 1844.62 2523.72
Income Taxes 271.99 628.51
Provisions & Contingencies 783.50 569.42
Extraordinary profit / loss - - - - - - (82.17) -
Net Profit 706.96 1325.79
OTHER INFORMATION
Segment Assets 41385.24 35306.77 52492.03 39708.52 33759.65 43396.01 2076.97 1835.54 129713.89 120246.84
Unallocated Assets 1382.50 826.56
Total assets 131096.39 121073.40
Segment Liabilities 36982.33 29271.97 51131.13 39280.99 33523.92 30689.07 1526.60 14378.49 123163.98 113620.52
Unallocated Liabilities 407.83 301.88
Total Liabilities 123571.81 113922.40
9.2 Êãññããâã¶ã ½ãã¶ãã 17 - ã¥¡ ãäÀ¹ããñãäÄØã

ã¥¡ ãäÀ¹ããñãäÄØã ãñ ãäÊã ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ã¹ãÆõÊã 2007 ½ãò ããÀãè ÔãâÍããñãä£ã¦ã ãäªÍãããä¶ãªóÍããò ããñ ã¹ã¶ãã¾ãã Öõ, ãäãÔããñ ã¶ãìÔããÀ ãäÀ¹ããñÃ ãäã ãã¶ãñ ÌããÊãñ ã¥¡ãò ããñ ÈñûãÀãè,
ããù¹ããóÀñ / ©ããñã ºãöãäãâØã, ãäÀñÊã ºãöãäãâØã Ìã ã¶¾ã ºãöãäãâØã ¹ããäÀÞããÊã¶ããò ½ãò ÌãØããêãð¦ã ãäã¾ãã Öõý
¼ããØã : ããÀãñºããÀ ã¥¡ (Á. ãÀãñü¡ ½ãò)
ããÀãñºããÀ ã¥¡ Èûñ ãÀãè ãã¹ããóÀñ / ©ããñã ºãöãäãâØã ãäÀñÊã ºãöãäãâØã ã¶¾ã ºãöãäãâØã ¹ããäÀÞããÊã¶ã ãìÊã
ãäÌãÌãÀ¥ã 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09
ÀããÔÌã 2892.04 2917.86 4862.74 4487.28 3269.72 3288.83 350.84 447.42 11375.34 11141.39
¹ããäÀ¥ãã½ã 33.29 310.44 901.06 1145.66 975.14 766.74 -78.36 205.22 1831.13 2428.06
ã¶ããºãâãä¦ã ãã¾ã - - - - - - 13.68 95.84
ã¶ããºãâãä¦ã Ì¾ã¾ã 0.19 0.18
¹ããäÀÞããÊã¶ãØã¦ã Êãã¼ã/Öããä¶ã 1844.62 2523.72
ãã¾ã ãÀ 271.99 628.51
¹ãÆãÌã£ãã¶ã Ìã ããããäÔ½ãã¦ããú 783.50 569.42
ãÔãã£ããÀ¥ã Êãã¼ã / Öããä¶ã - - - - - - (82.17) -
ãä¶ãÌãÊã Êãã¼ã 706.96 1325.79
ã¶¾ã ÔãîÞã¶ãã
ã¥¡ÌããÀ ãããäÔ¦ã¾ããú 41385.24 35306.77 52492.03 39708.52 33759.65 43396.01 2076.97 1835.54 129713.89 120246.84
ã¶ããºãâãä¦ã ãããäÔ¦ã¾ããú 1382.50 826.56
ãìÊã ãããäÔ¦ã¾ããú 131096.39 121073.40
ã¥¡ÌããÀ ªñ¾ã¦ããú 36982.33 29271.97 51131.13 39280.99 33523.92 30689.07 1526.60 14378.49 123163.98 113620.52
ã¶ããºãâãä¦ã ªñ¾ã¦ããâ 407.83 301.88
ãìÊã ªñ¾ã¦ããâ 123571.81 113922.40
110
¼ããØã ã - ¼ããõØããñãäÊãã ã¥¡ Part B - Geographic segments
ªñÍããè ã¶¦ãÀÀãÓÈãè¾ã ãìÊã Domestic International Total
2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09
ÀããÔÌã 10928.21 10655.40 460.81 513.33 11389.02 11168.73* Revenue 10928.21 10655.40 460.81 513.33 11389.02 11168.73*
ãããä Ô ¦ã¾ããú 121744.12 113595.78 9352.27 7477.62 131096.39 121073.40 Assets 121744.12 113595.78 9352.27 7477.62 131096.39 121073.40
*Ôã½ãò Á.68.50 ãÀãñ ü ¡ ããè ã¹ãÌããªÔÌãÂ¹ã ½ãªò Íãããä ½ ãÊã ¶ãÖãé Öõ ý * Does not include exceptional items of Rs. 68.50 crores.
9.3 Êãñããâã¶ã ½ãã¶ãã 18 - Ôãâºãâãä£ã¦ã ¹ãããê ¹ãÆããèãÀ¥ã 9.3 Accounting Standard 18- Related Party
Disclosures
Ôãâºãâãä£ã¦ã ¹ãããäÃ¾ããò ãñ ¶ãã½ã Ìã ºãöã ãñ Ôãã©ã ¶ããã Ôãâºãâ£ã Names of the related parties and their
relationship with the bank
1 ½ãîÊã ÔãâÔ©ãã ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã
1 Parent Indian Overseas Bank
2 ÔãÖ¾ããñØããè ÔãâÔ©ããú ¹ãããä¥¡¾ã¶ã ØãÆã½ãã ºãöã
2 Associates Pandyan Grama Bank
¶ããèÊããÞãÊã ØãÆã½¾ã ºãöã
Neelachal Gramya Bank
3 ã¶ãìÓãâãäØã¾ããú ããñÃ ¶ãÖãé 3. Subsidiaries None
4 Ôãâ¾ãìã¦ã¦ã: ãä¶ã¾ãâãä¨ã¦ã ¾ãìãä¶ãÌãÔãÃÊã Ôããñ½¹ããñ ã¶ãÀÊã 4 Jointly controlled Universal Sompo General
ããÃ ¶Í¾ãìÀñ¶Ôã ãâ¹ã¶ããè ãäÊããä½ãñ¡ entity Insurance Co. Ltd.
5 ¹ãÆ ½ ãì ã ¹ãÆ º ã¶£ã¶ã ¹ãªããä £ ãããÀãè 5 Key Management Personnel
ã½ã ¶ãã½ã ¹ãª¶ãã½ã ¹ãããäÀÑããä½ãã* Sl. Name Designation Remuneration*

Ôãâ. Àã½ã (Á.) No. Amount (Rs.)
1 Ñããè Ôã.. ¼ã ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã 23,41,058 1. Shri S.A. Bhat Chairman &
Managing Director 23,41,058
2 Ñããè ÌããÃ.Êã.½ãªã¶ã ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã 16,82,445 2. Shri Y.L. Madan Executive Director 16,82,445
3 Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã 3,14,223 3. Smt. Nupur Mitra Executive Director 3,14,223
4 Ñããè ããè.¶ããÀã¾ã¥ã¶ã ¹ãîÌãÃ ãã¾ãÃ¹ããÊãã ãä¶ãªñÍãã 14,04,027 4. Shri G. Narayanan Ex-ED 14,04,027
* ¹ãããäÀÑããä½ãã ½ãò Ìãñ¦ã¶ã Ìã ¼ã¦¦ãñ, Ìãñ¦ã¶ã ºããã¾ãã, ãä¶ãÓ¹ããª¶ãØã¦ã ¹ãÆãñ¦ÔããÖ¶ã ÀããäÍã, * Remuneration Includes salary & allowances, salary arrears,
ìáãè ¼ãì¶ããÃ ºããã¾ãã ããõÀ ØãÆõÞ¾ãìãè ºããã¾ãã Íãããä½ãÊã Ööý performance incentives, leave encashment arrears and gratuity arrears.
¶ããñ: Êãñããâã¶ã ½ãã¶ãã-18 ½ãò “Ôãâºãâãä£ã¦ã ¹ãããê ¹ãÆããèãÀ¥ã” ãñ ¹ãõÀã 9 ãñ Note: The transactions with associates / joint ventures have not
½ãÿñ¶ããÀ ÔãÖ¾ããñØããè ÔãâÔ©ããããò / Ôãâ¾ãìã¦ã ²ã½ããò ãñ Ôãã©ã Êãñ¶ã-ªñ¶ããò ããñ ¹ãÆã been disclosed in view of Para 9 of Accounting Standard 18
¶ãÖãé ãäã¾ãã Øã¾ãã Öõ, ããñ Àã¾ã ´ãÀã ãä¶ã¾ãâãä¨ã¦ã ²ã½ããò ããñ, ¶ã ã¶¾ã Ôãâºãâãä£ã¦ã Related Par ty Disclosures, which exempts state controlled
¹ãããäÃ¾ããò ãñ Ôãã©ã ã¹ã¶ãñ Êãñ¶ã-ªñ¶ããò Ôãñ ãì¡ñ ¹ãÆããèãÀ¥ã ãÀ¶ãñ Ôãñ î ªñ¦ãã Öõ, enterprises from making any disclosure pertaining to their transactions
ããñ Àã¾ã ´ãÀã Öãè ãä¶ã¾ãâãä¨ã¦ã ²ã½ã Öõ ããõÀ Ôããè Êãñããâã¶ã ½ãã¶ãã ãñ ¹ãõÀã 5 ½ãò with other related parties which are also state controlled enterprises
ãäÊÊããäã¦ã Öõ ãäã ¾ããäª Ôãâºãâãä£ã¦ã ¹ãããê ãñ ãäãÔããè ¹ãÆÌãØãÃ ½ãò ãñÌãÊã ã Öãè ããÃ and Para 5 of the same Accounting Standard states that no
Öõ ¦ããñ ¹ãÆããèãÀ¥ã ããè ããÌãÍ¾ãã¦ãã ¶ãÖãé Öõý disclosure is required if there is only one entity in any category of
related par ty.
9.4 Êãñããâã¶ã ½ãã¶ãã 20 - ¹ãÆãä¦ã Íãñ¾ãÀ ããÃ¶ã 9.4 Accounting Standard 20 Earning Per Share
ãä Ì ãÌãÀ¥ã 2009-10 2008-09 Particulars 2009-10 2008-09
ÃãäãÌããè Íãñ¾ãÀ£ããÀããò ãñ ãäÊã ãÀ ãñ ºããª Net Profit after Tax available for
¹ãÊãº£ã ãä¶ãÌãÊã Êãã¼ã (Á. ãÀãñü¡ ½ãò) 706.96 1325.79 Equity Shareholders (Rs. In Crore) 706.96 1325.79
¼ãããäÀ¦ã ããõÔã¦ã Weighted Average Number of

ÃãäãÌããè Íãñ¾ãÀãò ããè Ôãâ¾ãã 54,48,00,000 54,48,00,000 Equity Shares 54,48,00,000 54,48,00,000
½ãîÊã ¦ã©ãã ã½ã ããè ÖìÃ ¹ãÆãä¦ã Íãñ¾ãÀ ããÃ¶ã 12.98 24.34 Basic & Diluted Earnings Per Share Rs. 12.98 Rs. 24.34
¹ãÆãä¦ã Íãñ¾ãÀ ãã ¶ãã½ã ½ãã¨ã ½ãîÊ¾ã 10.00 10.00 Nominal value per Equity Share Rs. 10.00 Rs. 10.00
111
9.5 Êãñ ããâ ã¶ã ½ãã¶ãã 21 - Ôã½ãñ ã ä ã¦ã ãä Ì ã¦¦ããè ¾ ã ãä Ì ãÌãÀ¥ã 9.5 Accounting Standard 21 - Consolidated
(Ôããè¹ãÔã) Financial Statements (CFS)
Þãîúãäã ããñÃ ã¶ãìÓãâØããè ÔãâÔ©ãã ¶ãÖãé Öõ, ÔããäÊã ãäãÔããè Ôã½ãñãäã¦ã As there is no subsidiary, no consolidated
ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ã ããè ¹ãÆÔ¦ãìãä¦ã ããÌãÍ¾ãã ¶ãÖãé Ôã½ã¢ããè ØãÃý financial statement is considered necessary.
9.6 Accounting Standard 22: Accounting for
9.6 Êãñããâã¶ã ½ãã¶ãã 22 : ãã¾ã ¹ãÀ ãÀãò ãñ ãäÊã Êãñãã Taxes on Income
ÌãÓãÃ ãñ ªãõÀã¶ã, ºãöã ¶ãñ Á.226.21 ãÀãñü¡ ããè ããÔ©ããäØã¦ã ãÀ The Bank has accounted for Deferred Tax
ªñ¾ã¦ãã (ãä¹ãÊãñ ÌãÓãÃ ããè ããÔ©ãäØã¦ã ãÀ ãããäÔ¦ã ÀÖãè Á.82.74 Liability of Rs.226.21 crores during the year
ãÀãñü¡) ããñ ãäÖÔããºã ½ãò ãäÊã¾ãã Öõý ºãöã ãñ ¹ããÔã Á.169.12 (Previous year Deferred Tax Asset of Rs.82.74
crores). The Bank has outstanding net
ãÀãñü¡ ããè ºããã¾ãã ãä¶ãÌãÊã ããÔ©ããäØã¦ã ãÀ ªñ¾ã¦ãã Öõ (ãä¹ãÊãñ ÌãÓãÃ deferred tax liability of Rs.169.12 crores
ããè ããÔ©ããäØã¦ã ãÀ ªñ¾ã¦ãã Á.57.09 ãÀãñü¡ ÀÖãè)ý ããÔ©ããäØã¦ã (Previous year Deferred Tax Asset of Rs.57.09
ãÀ ãããäÔ¦ã¾ããò ããõÀ ªñ¾ã¦ããããò ãã ¹ãÆ½ãìã ½ãªãò ½ãò ºãÆñãã¹ã ãä¶ã½¶ãÌã¦ã crores). The breakup of deferred tax assets
and liabilities into major items is given below:
ãäª¾ãã Øã¾ãã Öõ:
(Á.ãÀãñü¡ ½ãò) Rs. in crore
31-03-2010 31-03-2009 31.03.2010 31.03.2009
¡ãèãè ¡ãèãèÊã ¡ãèãè ¡ãèãèÊã DTA DTL DTA DTL
Depreciation on Investments 388.74 67.43
ãä¶ãÌãñÍããò ¹ãÀ ½ãîÊ¾ãÖÆãÔã 388.74 67.43
Depreciation on Fixed Assets 7.46 15.66
ãÞãÊã ãããäÔ¦ã¾ããò ¹ãÀ ½ãîÊ¾ãÖãÔã 7.46 15.66
ã½ãÃÞããÀãè Êãã¼ã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã 138.41 129.07 Provision for Employee Benefits 138.41 129.07
£ããñãã£ããä¡¾ããò ãñ ãäÊã ¹ãÆãÌã£ãã¶ã 9.23 8.63 Provision for Frauds 9.23 8.63
ã¶¾ã 64.52 2.48 Others 64.52 2.48
ãìÊã 219.62 388.74 140.18 83.09 Total 219.62 388.74 140.18 83.09
ãä¶ãÌãÊã ¡ãèãè/¡ãèãèÊã 169.12 57.09 Net DTA / DTL 169.12 57.09
9.7 Êãñããâã¶ã ½ãã¶ãã 26 - ã½ãî¦ãÃ ãããäÔ¦ã¾ããâ 9.7 Accounting Standard 26 Intangible

Assets
ºãöã ½ãò ¹ãÆ¾ãìã¦ã ã¶ãì¹ãÆ¾ããñØã Ôããù¹ãÌãñ¾ãÀ ããñ ÔÌã¾ãâ Öãè ¦ãõ¾ããÀ ãäã¾ãã The application software in use in the bank
Øã¾ãã Öõ ããõÀ ¾ãÖ ã ÔãìªãèÜãÃ ãÌããä£ã ½ãò ãäÌãããäÔã¦ã Öìãã Öõý ã¦ã: has been developed in-house and has evolved
Ôããù¹ãÌãñ¾ãÀ ããè ÊããØã¦ã ºãöã ãñ ¹ããäÀÞããÊã¶ãã¦½ãã Ì¾ã¾ã ãõÔãñ Ìãñ¦ã¶ã over a period of time. Hence, the costs of
software is essentially part of Banks
ãããäª ãã ããä¶ãÌãã¾ãÃ ãâÍã Öõ ããõÀ Ôãñ Êãã¼ã-Öããä¶ã ãã¦ãññ ãñ Ôãâºãâãä£ã¦ã operational expenses like wages etc. and as
Ì¾ã¾ã ÍããèÓããô ½ãò ¹ãÆ¼ãããäÀ¦ã ãäã¾ãã Øã¾ãã Öõý such are charged to the respective heads
of expenditure in the Profit and Loss Account.
9.8 Êãñããâã¶ã ½ãã¶ãã 27 - Ôãâ¾ãìã¦ã ²ã½ããò ½ãò ãäÖ¦ããò ããè ãäÌã¦¦ããè¾ã
9.8 Accounting Standard 27 Financial
ãä À ¹ããñ ã ä Ä Ø ã Reporting of Interests in Joint Ventures
¾ãì¶ããèÌãÔãÃÊã Ôããñ½¹ããñ ã¶ãÀÊã âÍ¾ããñÀñ¶Ôã ãâ. ãäÊã. ãñ Ôãã©ã Ôãâ¾ãìã¦ã In the case of Joint Venture with Universal
²ã½ã ãñ ½ãã½ãÊãñ ½ãò ºãöã ¶ãñ Á.28.50 ãÀãñü¡ ãã ãä¶ãÌãñÍã ãäã¾ãã Öõ Sompo General Insurance Company Ltd., the
bank has made an investment of Rs.28.50
ããñ ÃãäãÌããè ½ãò 19% Íãñ¾ãÀ Öõý Ôã 27 ãñ ã¶ãìÔããÀ ¹ãÆã crores being 19% share in Equity. Information
ããè ãã¶ãñÌããÊããè ã¹ãñãäàã¦ã ÔãîÞã¶ãã ÔããèãäÊã ¶ãÖãé ¹ãÆÔ¦ãì¦ã ããè ØãÃ Öõ required to be disclosed as per AS 27 has
ãäã 31-03-2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ ãäÊã ¾ãî¶ããèÌãÔãÃÊã Ôããñ½¹ããñ not been furnished since the financials for
the year ended 31.03.2010 of Universal
ã¶ãÀÊã âÍ¾ããñÀñ¶Ôã ãâ. ãäÊã. ãñ ãäÌã¦¦ããè¾ã ããâã¡ãò ããñ ã¼ããè ãâãä¦ã½ã Sompo General Insurance Company Ltd., is
Â¹ã ãäª¾ãã ãã¶ãã Öõý yet to be finalised.
112
9.9 Êãñããâã¶ã ½ãã¶ãã 28 - ãããäÔ¦ã¾ããò ãã ã¶ããÃã Öãñ¶ãã 9.9 Accounting Standard 28 Impairment of
Assets
ºãöã ´ãÀã £ãããäÀ¦ã ãÞãÊã ãããäÔ¦ã¾ããò ããñ ãã¹ããóÀñ ãããäÔ¦ã¾ããú Fixed Assets owned by the Bank are treated
½ãã¶ãã Øã¾ãã Öõ ããõÀ ¾ãñ ããÔããèãã ´ãÀã ããÀãè Ôã 28 ãñ as Corporate Assets and are not Cash
ããäÀ ¹ããäÀ¼ãããäÓã¦ã ã¶ãìÔããÀ ¶ããªãè Ôãðã¶ã ãã¾ããú ¶ãÖãé Ööý Generating Units as defined by AS28 issued
by ICAI. In the opinion of the Management,
¹ãÆºãâ£ã¶ã ãñ ½ã¦ãã¶ãìÔããÀ ºãöã ããè ãäãÔããè ¼ããè ãÞãÊã ãããäÔ¦ã ãã ããñÃ there is no impairment of any of the Fixed
Öããä¶ããÀ¥ã ¶ãÖãé Öõ ý Assets of the Bank.
9.10Êãñ ããâ ã¶ã ½ãã¶ãã 29 - ããããä Ô ½ãã ªñ ¾ ã¦ããããò ããõ À 9.10 Accounting Standard 29 - Provision for
Contingent Liabilities and Contingent
ãããä Ô ¦ã¾ããò ãñ ãä Ê ã ¹ãÆ ã Ìã£ãã¶ã Assets
Ôã Ôãâºãâ£ã ½ãò ¼ããÀ¦ããè¾ã Ôã¶ãªãè ÊãñããããÀãò ããè ÔãâÔ©ãã ´ãÀã ããÀãè The guidelines issued by the Institute of
ãäªÍãããä¶ãªóÍããò ããñ ¹ã¾ãìã¦ã Ô©ãã¶ããò ¹ãÀ Íãããä½ãÊã ãäã¾ãã Øã¾ãã Öõý Chartered Accountant of India in this respect
have been incorporated at the appropriate
10 ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãõã ãñ ¹ããäÀ¹ã¨ã Ôãâ.ããÀºããèããÃ/2009- places.
10/347 ¡ãè º ããè ããñ ¡ ãè . ºããè ¹ ããè . ºããè Ô ããè . Ôãâ . 79/21.04.018/ 10 ADDITIONAL DISCLOSURES PURSUANT
2009-10 ãäª¶ããâãäã¦ã 15-03-2010 ãñ ã¶ãìÔããÀ ããä¦ããäÀã¦ã TO RBI CIRCULAR No. RBI/2009-10/347
DBOD.BP.BC.No.79/21.04.018/2009-10
¹ãÆ ããè ãÀ¥ã DATED 15.03.2010
(Þãîúãäã ãä¶ã½¶ããäÊããäã¦ã ½ãªãò ãñ ¹ãÆããèãÀ¥ã ãã ¾ãÖ ¹ãÖÊãã ÌãÓãÃ Öõ, (Previous years figures have not been
ÔããèãäÊã ãä¹ãÊãñ ÔããÊã ãñ ããâã¡ñ ¹ãÆÔ¦ãì¦ã ¶ãÖãé ãäã Øã Öö) furnished since this is the first year of
disclosure of the following items)
I . ã½ããããò, ããäØãÆ½ããò, ¨ãÉ¥ã ããñãäûã½ããò Ìã ã¶ããÃã ãããäÃÔ¦ã¾ããò I. CONCENTRATION OF DEPOSITS,
ãã ãñ¶³ãèãÀ¥ã ADVANCES, EXPOSURES AND NPAS
Concentration of Deposits
ã½ããããò ãã ãñ¶³ãèãÀ¥ã
ºããèÔã ºãû¡ñ ã½ããã¦ããÃããò ããè ãìÊã ã½ããú 14125 Total Deposits of twenty largest depositors 14125
ºãöã ããè ãìÊã ã½ããããò ããè ¦ãìÊã¶ãã ½ãò ºããèÔã ºãû¡ñ Percentage of Deposits of twenty largest
ã½ããã¦ããÃããò ããè ã½ããããò ãã ¹ãÆãä¦ãÍã¦ã 12.75 deposits to Total Deposits of the bank 12.75
ããäØãÆ½ããò ãã ãñ¶³ãèãÀ¥ã Concentration of Advances
ºããèÔã ºãû¡ñ £ããÀã¦ããÃããò ããñ ¹ãÆª¦¦ã ãìÊã ããäØãÆ½ã 9057 Total Advances to twenty largest borrowers 9057
ºãöã ãñ ãìÊã ããäØãÆ½ããò ããè ¦ãìÊã¶ãã ½ãò ºããèÔã ºãû¡ñ Percentage of Advances of twenty largest
£ããÀã¦ããÃããò ããñ ¹ãÆª¦¦ã ããäØãÆ½ããò ãã ¹ãÆãä¦ãÍã¦ã 11.21 borrowers to Total Advances of the bank 11.21
¨ãÉ¥ã ããñãäã½ããò ãã ãñ¶³ãèãÀ¥ã Concentration of Exposures
ºããèÔã ºãû¡ñ £ããÀã¦ããÃããò / ØãÆãÖããò ããñ ¹ãÆª¦¦ã Total Exposure to twenty largest
¨ãÉ¥ã Ôã½ºã¶£ããè ãìÊã ããñãäã½ã 16727 borrowers / customers 16727
ºãöã ´ãÀã £ããÀã¦ããÃããò / ØãÆãÖããò ããñ ¹ãÆª¦¦ã ¨ãÉ¥ããò Percentage of Exposures of
ãñ ãìÊã ããñãäã½ããò ããè ¦ãìÊã¶ãã ½ãò ºããèÔã ºãû¡ñ twenty largest borrowers/
£ããÀã¦ããÃããò / ØãÆãÖããò ããñ ¹ãÆª¦¦ã ¨ãÉ¥ã Ôã½ºã¶£ããè customers to Total Exposure
ããñãäã½ããò ãã ¹ãÆãä¦ãÍã¦ã 14.08 of the bank on borrowers/ customers 14.08
113
ã¶ããÃã ãããäÔ¦ã¾ããò ãã ãñ¶³ãèãÀ¥ã (Á. ãÀãñü¡ ½ãò) Concentration of NPAs Rs. in crore
ÞÞã ÞããÀ ã¶ããÃã ãã¦ããò Ôãñ Ôã½ºããä¶£ã¦ã ãìÊã ¨ãÉ¥ã ããñãäã½ã 660.48 Total Exposure to top four NPA accounts 660.48
II SECTOR-WISE NPAs
II. ¹ãÆ Ì ãØãÃ - ÌããÀ ã¶ããÃ ã ãããä Ô ¦ã¾ããú
ã½ã Ôãâ. ¹ãÆÌãØãÃ Ôã½ºããä¶£ã¦ã ¹ãÆÌãØãÃ ½ãò Sl. No. Sector Percentage of
ãìÊã ããäØãÆ½ããò ããè NPAs to Total
¦ãìÊã¶ãã ½ãò ã¶ããÃã Advances in
that Sector
ãããäÔ¦ã¾ããò ãã ¹ãÆãä¦ãÍã¦ã
1 ãðãäÓã Ìã Ôã½ºããä¶£ã¦ã Øããä¦ã-ãäÌããä£ã¾ããú 1.33 1 Agriculture & allied activities 1.33
2 ²ããñØã (Ôãîà½ã, ÊãÜãì, ½ã£¾ã½ã Ìã ºã¡ñ) 5.99 2 Industry (Micro & small, Medium and Large) 5.99
3 ÔãñÌããú 4.20 3 Services 4.20
4 Ìãõ¾ããäã¦ãã ¨ãÉ¥ã 3.37 4 Personal Loans 3.37
III MOVEMENT OF NPAs
III. ã¶ããÃã ãããäÔ¦ã¾ããò ãã ÔãâÞãÊã¶ã
ãäÌãÌãÀ¥ã Àã½ã Á.ãÀãñü¡ ½ãò Particulars Amount in Rs.Crores
01.04.2009 ¦ãã ÔããÊã ã¶ããÃã Gross NPAs as on 01-04-2009
ãããäÔ¦ã¾ããú (¹ãÆãÀâãä¼ãã ÍãñÓã) 1923.41 (Opening Balance) 1923.41
ÌãÓãÃ ãñ ªãõÀã¶ã ÔãâÌã£ãÃ¶ã (¶ãÃ ã¶ããÃã ãããäÔ¦ã¾ããú) 3126.83 Additions (Fresh NPAs) during the year 3126.83
¹ã-¾ããñØã (ã) 5050.24 Sub-total (A) 5050.24
Üããú : Less:-
i. ¸ã¾ã¶ã 547.82 (i) Up gradations 547.82
ii. ÌãÔãîãäÊã¾ããú (¸ã¾ã¶ã ãäã Øã ãã¦ããò ½ãò Ôãñ (ii) Recoveries (excluding recoveries
ããè ØãÃ ÌãÔãîãäÊã¾ããò ããñ ãñ¡ãÀ) 502.78 made from upgraded accounts) 502.78
iii. ºãáñ ãã¦ãñ ½ãò ¡ãÊããè ØãÃ Àã½ã 388.56 (iii) Write-offs 388.56
¹ã-¾ããñØã (ãã) 1439.16 Sub-total (B) 1439.16

31-03-2010 ãñ ãäÊã ÔããÊã ã¶ããÃã Gross NPAs as on 31.03.2010
ãããäÔ¦ã¾ããú (Ôã½ãã¹ã¶ã ÍãñÓã) (ã-ãã) 3611.08 (closing balance) (A-B) 3611.08
IV. ãäÌãªñÍããè ãããäÔ¦ã¾ããú, ã¶ããÃã ãããäÔ¦ã¾ããú ããõÀ ÀããÔÌã IV OVERSEAS ASSETS, NPAs AND REVENUE
Particulars Amount in Rs.Crores
ãä Ì ãÌãÀ¥ã Àã½ã Á.ãÀãñ ¡ ãò
Total Assets 9352.27
ãìÊã ãããäÔ¦ã¾ããú 9352.27
Total NPAs 169.41
ãìÊã ã¶ããÃã ãããäÔ¦ã¾ããú 169.41
Total Revenue 460.81
ãìÊã ÀããÔÌã 460.81
V OFF-BALANCE SHEET SPVs SPONSORED (WHICH
V. ¦ãìÊã¶ã ¹ã¨ã ¦ãÀ ¹ãÆã¾ããñãäã¦ã Ôã¹ããèÌããè (ãäã¶ããã Êãñããâã¶ã ARE REQUIRED TO BE CONSOLIDATED AS PER
½ãã¶ãª¥¡ãò ãñ ã¶ãìÔããÀ Ôã½ãñãäã¦ã ãäã¾ãã ãã¶ãã ã¹ãñãäàã¦ã Öõ) ACCOUNTING NORMS)
¹ãÆã¾ããñãäã¦ã Ôã¹ããèÌããè ãã ¶ãã½ã Name of the SPV sponsored

ªñÍããè¾ã ãäÌãªñÍããè Domestic Overseas
Íãî¶¾ã Íãî¶¾ã NIL NIL
11 ¦ãì Ê ã¶ãã¦½ãã ããâ ãü ¡ ñ 11 Comparative Figures
ãä¹ãÊãñ ÌãÓãÃ ãñ ããâãü¡ãò ããñ, ãÖãú ãÖãé ããÌãÍ¾ãã Ôã½ã¢ãã Øã¾ãã, Previous years figures have been regrouped
¹ãì¶ã: Ôã½ãîãäÖ¦ã / ¹ãì¶ãÌ¾ãÃÌããäÔ©ã¦ã ãäã¾ãã Øã¾ããý / rearranged wherever necessary.
114
¶ããª ¹ãÆ Ì ããÖ ãä Ì ãÌãÀ¥ã
31-03-2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ ãäÊã ¶ããª ¹ãÆÌããÖ ãäÌãÌãÀ¥ã
Á. ÖããÀãò ½ãò
31.3.2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ 31.3.2009 ããñ Ôã½ãã¹¦ã ÌãÓãÃ
¹ããä À ÞããÊã¶ãØã¦ã Øããä ¦ ã-ãä Ì ããä £ ã¾ããú
ãã¾ã
ããäãÃ¦ã º¾ããã 102 45 77 35 96 41 40 33
ã¶¾ã ãã¾ã 11 66 27 67 114 12 05 02 15 27 32 68 111 68 73 01
Ì¾ã¾ã Ìã ¹ãÆ ã Ìã£ãã¶ã
¹ãÆª§ã º¾ããã 66 84 71 82 64 67 13 74
¹ããäÀÞããÊã¶ãØã¦ã Ì¾ã¾ã Ìã ¹ãÆãÌã£ãã¶ã 23 54 73 77 90 39 45 59 18 40 75 23 83 07 88 97
¹ããäÀÞããÊã¶ãØã¦ã ªñ¾ã¦ããããò ããõÀ ãããäÔ¦ã¾ããò ½ãò ¹ããäÀÌã¦ãÃ¶ããò ãñ
¹ãÆ¼ããÌã ãñ ¹ãÖÊãñ ¹ããäÀÞããÊã¶ãØã¦ã Øããä¦ã-ãäÌããä£ã¾ããò ¹ãÀ
¶ããª ããè ãä¶ãÌãÊã Ìãðãä®
23 72 59 43 28 60 84 04
¹ããäÀÞããÊã¶ããò Ôãñ ÔããäãÃ¦ã ¶ããªãè Êãã¼ã 23 72 59 43 28 60 84 04
¹ããäÀÞããÊã¶ãØã¦ã ªñ¾ã¦ããããò ããõÀ ãããäÔ¦ã¾ããò Ôãñ ¶ããªãè ºãÖãÌã
¹ããäÀÞããÊã¶ãØã¦ã ªñ¾ã¦ããããò ¹ãÀ ãä¶ãÌãÊã Ìãðãä® / ÖÆãÔã
i) ØãÆãÖããò Ôãñ ãä¶ãàãñ¹ã 106 78 82 15 157 90 30 68
ii) ºãöããò Ìã ãäÌã§ããè¾ã ÔãâÔ©ããããò Ôãñ £ããÀ -24 37 38 05 1 94 63 61
iii) ã¶¾ã ¹ããäÀÞããÊã¶ãØã¦ã ªñ¾ã¦ããâ ããõÀ ¹ãÆãÌã£ãã¶ã -5 62 18 53 -10 98 85 45
76 79 25 57 148 86 08 84
¹ããä À ÞããÊã¶ãØã¦ã ãããä Ô ¦ã¾ããò ¹ãÀ ãä ¶ ãÌãÊã Ìãð ã ä ® /ÖÆ ã Ôã
(i) ãäÌããä¶ã£ãã¶ã 64 88 45 55 27 40 73 03
(ii) ØãÆãÖããò ããñ ããäØãÆ½ã 41 18 65 31 144 83 45 17
(iii) ã¶¾ã ãããäÔ¦ã¾ããú 6 54 93 62 112 62 04 48 2 79 63 80 175 03 82 00
¹ããäÀÞããÊã¶ãØã¦ã ãããäÔ¦ã¾ããò Ôãñ ¹ããäÀÞããÊã¶ãØã¦ã -35 82 78 91 -26 17 73 16
ªñ¾ã¦ããããò ½ãò ãä¶ãÌãÊã Ìãðãä®
¹ããäÀÞããÊã¶ãØã¦ã Øããä¦ã-ãäÌããä£ã¾ããò Ôãñ ¶ããª ¹ãÆÌããÖ (ã) -12 10 19 48 2 43 10 88
ãä Ì ããä ¶ ã£ãã¶ã Ôãâ º ãâ £ ããè Øããä ¦ ã-ãä Ì ããä £ ã¾ããñ â Ôãñ ¶ããª ¹ãÆ Ì ããÖ
(i) ãÞãÊã ãããäÔ¦ã¾ããò ããè ãäºãããè / ãä¶ã¹ãã¶ã 20 94 69 1 42 08 95
(ii) ãÞãÊã ãããäÔ¦ã¾ããò ããè ãÀãèª -1 52 99 69 -2 32 15 56
ãä Ì ããä ¶ ã£ãã¶ã Ôãâ º ãâ £ ããè Øããä ¦ ã-ãä Ì ããä £ ã¾ããò
Ôãñ ãä¶ãÌãÊã ¶ããª ¹ãÆÌããÖ (ãã) -1 32 05 00 -90 06 61
ãä Ì ã¦¦ã¹ããñ Ó ã¥ã Ôãâ º ãâ £ ããè Øããä ¦ ã-ãä Ì ããä £ ã¾ããò Ôãñ ¶ããª ¹ãÆ Ì ããÖ
ãâ ¦ ãÌããÃ Ö
(i) ã¾ãÀ I / ã¾ãÀ II ºããú¡ãò Ôãñ £ã¶ããØã½ã 11 00 00 00 9 55 30 00
115
ºããä Ö ÌããÃ Ö
(i) ã¾ãÀ II ºããú¡ãò Ôãñ Íããñ£ã¶ã 1 75 00 00
(ii) ã¾ãÀ II ¹ãîúããè ¹ãÀ ¹ãÆª§ã º¾ããã 3 93 19 13 3 04 67 61
(iii) ¹ãÆª§ã Êãã¼ããâÍã 2 86 82 49 2 23 08 61
8 55 01 62 5 27 76 22
ãäÌã§ã¹ããñÓã¥ã Ôãâºãâ£ããè Øããä ¦ ã-ãä Ìããä £ ã¾ããò Ôãñ ãä ¶ ãÌãÊã ¶ããª ¹ãÆÌ ããÖ () 2 44 98 38 4 27 53 78
ÌãÓãÃ ãñ ªãõÀã¶ã ãìÊã ¶ããª ¹ãÆÌããÖ (ã+ãã+) -10 97 26 10 5 80 58 05
ÌãÓãÃ ãñ ããÀ½¼ã ½ãò ÍãñÓã
¼ãã.ãäÀ.ºãöã ãñ Ôãã©ã ¶ããªãè Ìã ÍãñÓã 59 40 44 42 91 24 23 28
ºãöããò ãñ Ôãã©ã ÍãñÓã ¦ã©ãã ½ããúØã ³Ì¾ã 49 81 45 75 109 21 90 17 12 17 08 84 103 41 32 12
ÌãÓãÃ ãñ ãâ¦ã ½ãò ÍãñÓã
¼ãã.ãäÀ.ºãöã ãñ Ôãã©ã ¶ããªãè Ìã ÍãñÓã 76 66 44 72 59 40 44 42
ºãöããò ãñ Ôãã©ã ÍãñÓã ¦ã©ãã ½ããúØã ³Ì¾ã 21 58 19 35 98 24 64 07 49 81 45 75 109 21 90 17
ÌãÓãÃ ãñ ªãõÀã¶ã ãìÊã ¶ããª ¹ãÆÌããÖ -10 97 26 10 5 80 58 05
¾ãÖ ãäÌãÌãÀ¥ã ¹ãÆ¦¾ãàã ¹ã®ãä¦ã ãñ ã¶ãìÔããÀ ¦ãõ¾ããÀ ãäã¾ãã Øã¾ãã Öõ ý
ºããè.Ôã.ãñÍãÌã½ãîãä¦ãÃ Ôã..¼ã
½ãÖã ¹ãÆºãâ£ãã ã£¾ãàã Ìã ¹ãÆºãâ£ã ãä¶ãªñÍãã
Êãñãã-¹ãÀãèàãããò ãã ¹ãÆ½ãã¥ã ¹ã¨ã

Ö½ã, ã£ããñÖÔ¦ããÀã¦ããÃ-Øã¥ã, ãä¥¡¾ã¶ã ããñÌãÀÔããèã ºãöã ãñ ÔããâãäÌããä£ãã ãò³ãè¾ã Êãñãã-¹ãÀãèàãããò ¶ãñ 31/03/2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ ãäÊã ºãöã ãñ ã¦ã
¶ããªãè-¹ãÆÌããÖ ãäÌãÌãÀ¥ã ããè ããúÞã ããè Öõ ý ¾ãÖ ãäÌãÌãÀ¥ã Ôãùã ãÔÞãòã ãñ Ôãã©ã ÔãîÞããèºã® ã¥¡ 32 ããè ã¹ãñàããããò ãñ ã¶ãìÂ¹ã Ìã ºãöã ãñ Ôãâºãâãä£ã¦ã ¦ãìÊã¶ã-
¹ã¨ã ããõÀ Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ããñ ãäã ¼ããÀ¦ã ãñ ÀãÓÈ¹ããä¦ã ããñ Ôããè ãä¦ããä©ã ¹ãÀ ªãè Øã¾ããè Ö½ããÀãè ãäÀ¹ããñÃ ´ãÀã ããÌããäÀ¦ã Öõ, ãñ ã¶ãìÔããÀ Ìã Ôã ¹ãÀ ãã£ãããäÀ¦ã
Öõ ý
ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ¹ã¶ããè Ìã½ããÃ ñ¥¡ Ìã½ããÃ ¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ôã¶¦ãã¶ã½ã
¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã ½ã.¼ããÔãÀ ÀãÌã ñ¥¡ ãâ¹ã¶ããè ãä½ã§ãÊã Øãì¹¦ãã ñ¥¡ ãâ¹ã¶ããè
Ô©ãã¶ã : Þãñ¸ãõ
ãäª¶ããâã : 29- 04. 2010
116
Cash Flow Statement
Statement of Cash Flow for the year ended 31.03.2010
(Rs. in 000s)
Year ended 31.03.2010 Year ended 31.03.2009
Operating Activities
Income
Interest Earned 102 45 77 35 96 41 40 33
Other Income 11 66 27 67 114 12 05 02 15 27 32 68 111 68 73 01
Expenditure & Provisions
Interest Paid 66 84 71 82 64 67 13 74
Operating Expenses & Provisions 23 54 73 77 90 39 45 59 18 40 75 23 83 07 88 97
Net Increase of cash on operating activities prior
to the effect of changes in Operating Liabilities & Assets 23 72 59 43 28 60 84 04
Cash Profit generated from Operations 23 72 59 43 28 60 84 04
Cash Flow from operating Liabilities & Assets
Net Increase / Decrease in Operating Liabilities
i) Deposits from Customers 106 78 82 15 157 90 30 68
ii) Borrowings From Banks & Financial Institutions -24 37 38 05 1 94 63 61
iii) Other Operating Liabilities & Provisions -5 62 18 53 -10 98 85 45
76 79 25 57 148 86 08 84
Net increase / decrease in Operating Assets
i) Investments 64 88 45 55 27 40 73 03
ii) Advances to customers 41 18 65 31 144 83 45 17
iii) Other Assets 6 54 93 62 112 62 04 48 2 79 63 80 175 03 82 00
Net Increase in Operating Liabilities over Operating Assets -35 82 78 91 -26 17 73 16
CASH FLOW FROM OPERATING ACTIVITIES (A) -12 10 19 48 2 43 10 88
Cash Flow from Investing Activities
i) Sale / disposal of Fixed Assets 20 94 69 1 42 08 95
ii) Purchase of Fixed Assets -1 52 99 69 -2 32 15 56
NET CASH FLOW FROM INVESTING ACTIVITIES (B) -1 32 05 00 -90 06 61
CASH FLOW FROM FINANCING ACTIVITIES
Inflow
i) Proceeds of Tier I & Tier II Bonds 11 00 00 00 9 55 30 00
Outflow
i) Redemption of Tier II Bonds 1 75 00 00
ii) Interest Paid on Tier II Capital 3 93 19 13 3 04 67 61
iii) Dividend Paid 2 86 82 49 2 23 08 61
8 55 01 62 5 27 76 22
NET CASH FLOW FROM FINANCING ACTIVITIES (C) 2 44 98 38 4 27 53 78
TOTAL CASH FLOW DURING THE YEAR (A) +(B) + (C) -10 97 26 10 5 80 58 05
117
Balances at the Beginning of the year
Cash & Balances with RBI 59 40 44 42 91 24 23 28
Balances with Banks & Money at Call 49 81 45 75 109 21 90 17 12 17 08 84 103 41 32 12
Balances at the end of the year
Cash & Balances with RBI 76 66 44 72 59 40 44 42
Balances with Banks & Money at Call 21 58 19 35 98 24 64 07 49 81 45 75 109 21 90 17
TOTAL CASH FLOW DURING THE YEAR -10 97 26 10 5 80 58 05
This Statement has been made prepared in accordance with Direct Method.
B.S. Keshavamurthy S.A.Bhat

General Manager Chairman & Managing Director
AUDITORS CERTIFICATE
We , the undersigned Statutory Central Auditors of Indian Overseas Bank have verified the above Cash
Flow Statement of the Bank for the year ended 31.03.2010 . The Statement has been prepared in
accordance with the requirement of Clause 32 , of the Listing agreement with the Stock Exchange and
is based on and in agreement with the corresponding Profit and Loss Account and the Balance Sheet
of the Bank, covered by our report of even date to The President of India .
Om Agarwal & Co Varma & Varma PKF Sridhar & Santhanam
Bhaskaran & Ramesh M Bhaskara Rao & Co Mittal Gupta & Co
Place : Chennai
Date : 29.04.2010
118
ããä ¦ ããä À ã ¦ ã ¹ãÆ ããè ãÀ¥ã ADDITIONAL DISCLOSURES
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã, ½ãì½ºãÃ ´ãÀã ããÀãè ãäã Øã ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ In accordance with the guidelines issued by Reserve
Bank of India, Mumbai, under New Capital Adequacy
Ô¦ã½¼ã III ããè ã¹ãñàããããò ãñ ¦ãÖ¦ã ãäª¶ããâã 27-04-2007 ããè ¶ãÃ ¹ãîâããè Framework (Basel II) dated 27.04.2007 under Pillar
¹ã¾ããÃ¹¦ã¦ãã Â¹ãÀñãã (ºãñÔãÊã II) ãñ ¦ãÖ¦ã ãä¶ã£ããÃãäÀ¦ã ¹ãÆãÂ¹ã ãñ ã¶ãìÔããÀ III requirement, the following disclosures are made
ãä¶ã½¶ããäÊããäã¦ã ¹ãÆããèãÀ¥ã ãäã ãã¦ãñ Ööý as per the specified Formats:
RISK MANAGEMENT
ããñ ã ä ã½ã ¹ãÆ º ãâ £ ã¶ã
Banks assume various types of risks in its activities
ãäÌããä¼ã¶¸ã ¹ãÆããÀ ããè ÔãñÌããâ ¹ãÆªã¶ã ãÀ¦ãñ Ôã½ã¾ã ã¹ã¶ããè Øããä¦ããäÌããä£ã¾ããò ½ãò ºãöã while providing different kinds of services. As such,
ãÃ ¹ãÆããÀ ãñ ããñãäã½ã Êãñ¦ãñ Ööý ããñãäã½ã Êãñ¶ãã ºãöãäãâØã ããÀãñºããÀ ãã ããä¼ã¸ã risk taking is an integral part of the banking business.
In the normal course of business, a bank is exposed
ãâØã Öõý Ôãã½ãã¶¾ã ããÀãñºããÀ ãñ ªãõÀã¶ã ºãöã ããñ Ôã ¹ãÆããÀ ãñ £ããÀ ããñãäã½ã, to various risks including Credit Risk, Market Risk
ºããããÀ ããñãäã½ã ããõÀ ¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã ãõÔãñ ããñãäã½ã ã¶ãã ¹ãü¡¦ãã and Operational Risk. With a view to managing such
Öõý ñÔããè ããñãäã½ããò ãã ¹ãÆ¼ããÌããè Â¹ã Ôãñ ¹ãÆºãâ£ã¶ã ãÀ¶ãñ ãñ ãäÊã ããõÀ ã¹ã¶ããè risks efficiently and strengthening its risk management
systems, the bank has put in place various risk
ããñãäã½ã ¹ãÆºãâ£ã¶ã ¹ãÆ¥ãããäÊã¾ããò ããñ ÔãìÒ¤ ãÀ¶ãñ ãñ ãäÊã ºãöã ¶ãñ ãÃ ããñãäã½ã management measures and practices which includes
¹ãÆºã¶£ã¶ã ¹ãã¾ã ããõÀ ¹ã®ãä¦ã¾ããú ¦ãõ¾ããÀ ããè Öö ãäã¶ã½ãò ¶ããèãä¦ã¾ããâ, Ôãã£ã¶ã, ¦ãã¶ããèã, policies, tools, techniques, monitoring mechanism and
management information systems (MIS).
¹ãÆºããñ£ã¶ã ¦ãâ¨ã ããõÀ ¹ãÆºã¶£ã¶ã ÔãîÞã¶ãã ¹ãÆ¥ãããäÊã¾ããú (½ãããÔã) Íãããä½ãÊã Ööý
The Bank, on a continuous basis, aims at enhancing
ºãöã ãä¶ãÀâ¦ãÀ ãã£ããÀ ¹ãÀ ããñãäã½ã ããõÀ ¹ãÆãä¦ãÊãã¼ã ãñ ºããèÞã ¹ã¾ãìã¦ã ¦ããÊã½ãñÊã and maximizing the shareholder values through
¹ãÆã¹¦ã ãÀ¶ãñ ãñ ããäÀ Íãñ¾ãÀ£ããÀããò ãñ ½ãîÊ¾ããò ããñ ããä£ãã¦ã½ã ãÀ¶ãñ ããõÀ achieving appropriate trade off between risks and
returns. The Banks risk management objectives
ºãü¤ã¶ãñ ãã Êãà¾ã Àã¦ãã Öõý ºãöã ãñ ããñãäã½ã ¹ãÆºãâ£ã¶ã ãñ ÿñÍ¾ããò ½ãò ããñãäã½ã broadly covers proper identification, measurement,
ããè ãäÞã¦ã ¹ãÖÞãã¶ã, Ôãñ ½ãã¹ã¶ãã, ¹ãÆºããñ£ã¶ã, ãä¶ã¾ãâ¨ã¥ã ããõÀ Ôããã Íã½ã¶ã monitoring, control and mitigation of the risks with a
ãÀ¶ãã Íãããä½ãÊã Öõ ¦ãããäã ºãöã ããè Ôã½ãØãÆ ããñãäã½ã ãä¹ãÊããùÔã¹ããè ããñ ¹ãÆãä¦ã¹ãããäª¦ã view to enunciate the banks overall risk philosophy.
The risk management strategy adopted by the bank
ãäã¾ãã ãã Ôããñý ºãöã ´ãÀã ã¹ã¶ããÃ ØãÃ ããñãäã½ã ¹ãÆºãâ£ã¶ã À¥ã¶ããèãä¦ã ããñãäã½ããò is based on an understanding of risks and the level
ããè Ô¹ãÓ Ôã½ã¢ã ããõÀ ããñãäã½ã ããè ÌãÖ¶ã àã½ã¦ãã ãñ Ô¦ãÀ ¹ãÀ ãã£ãããäÀ¦ã Öõý of risk appetite of the bank. Risk appetite parameters
are normally expressed in terms of risk limits. Banks
ããñãäã½ã ÌãÖ¶ã àã½ã¦ãã ãñ ½ãã¶ãª¥¡ Ôãã½ãã¶¾ã¦ã: ããñãäã½ã Ôããè½ãã ãñ Â¹ã ½ãò
risk appetite is demonstrated through prescription of
Ì¾ãã¦ã ãäã ãã¦ãñ Ööý ºãöã ããè ããñãäã½ã ÌãÖ¶ã àã½ã¦ãã ããñãäã½ã ¹ãÆºãâ£ã¶ã Ôãñ risk limits in various policies relating to risk
Ôãâºãâãä£ã¦ã ãäÌããä¼ã¸ã ¶ããèãä¦ã¾ããò ½ãò ããñãäã½ã Ôããè½ããããò ãñ ¹ãã¾ããò ãñ ããäÀ ¹ãÆªãäÍãÃ¦ã management.
Öãñ¦ãñ Ööý The bank has set up appropriate risk management
organization structure in the bank. Risk Management
ºãöã ¶ãñ ¹ã¾ãìã¦ã ããñãäã½ã ¹ãÆºãâ£ã¶ã ÔãâØã¶ã Â¹ãÀñãã ºãöã ½ãò Ô©ãããä¹ã¦ã ãÀ Êããè Committee of the Board (RMCB), a sub-committee
Öõý ãä¶ãªñÍãã ½ãâ¡Êã ããè ã ¹ã-Ôããä½ããä¦ã, ããñãäã½ã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã Øããä¦ã of the Board, is constituted which is responsible for
management of credit risk, market risk, operational
ããè ØãÃ Öõ ããñ ºãöã ½ãò ¨ãÉ¥ã ããñãäã½ã, Ì¾ãã¹ããÀ ããñãäã½ã, ¹ããäÀÞããÊã¶ã ããñãäã½ã risk and other risks in the Bank. The bank has also
ããõÀ ã¶¾ã ããñãäã½ããò ãñ ¹ãÆºãâ£ã¶ã ãñ ãäÊã ¦¦ãÀªã¾ããè Öõý ºãöã ¶ãñ £ããÀ constituted internal risk management committees
namely Credit Policy Committee (CPC) for managing
ããñãäã½ã ¹ãÆºã¶£ã¶ã ãñ ãäÊã ¨ãÉ¥ã ¶ããèãä¦ã Ôããä½ããä¦ã (Ôããè¹ããèÔããè), ºããããÀ ããñãäã½ã
credit risk, Asset Liability Management Committee
¹ãÆºã¶£ã¶ã ãñ ãäÊã ãããäÔ¦ã ªñ¾ã¦ãã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã (ÊãÔããèããñ) ããõÀ ¹ããäÀÞããÊã¶ã (ALCO) for managing market risk and Operational
ããñãäã½ã ¹ãÆºã¶£ã¶ã ãñ ãäÊã ¹ããäÀÞããÊã¶ã ããñãäã½ã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã ãñ ¶ãã½ã Ôãñ Risk Management Committee for managing
operational risk.
ããâ¦ããäÀã ããñãäã½ã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã¾ããú ¼ããè Øããä¦ã ããè Ööý
A full fledged Risk Management department is
ºãöã ½ãò ¦ãðÓ ããñãäã½ã ¹ãÆºãâ£ã¶ã ¹ãÆ¥ããÊããè ããõÀ Ì¾ãÌãÖãÀ ãñ §ã½ã ãã¾ããÃ¶Ìã¾ã¶ã functioning at the Banks Central Office, independent
ãñ ãäÊã ºãöã ãñ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ½ãò ã ¹ãî¥ãÃÂ¹ãñ¥ã ããñãäã½ã ¹ãÆºãâ£ã¶ã of the business departments for implementing best
risk management systems and practices in the bank.
ãäÌã¼ããØã ãã¾ãÃÀ¦ã Öõ ããñ ããÀãñºããÀ ãäÌã¼ããØããò Ôãñ ãÊãØã Öõý ºãöã ãñ ½ãÖã ¹ãÆºãâ£ãã A Chief Risk Officer in the rank of General Manager
ããè Ñãñ¥ããè ½ãò ã ½ãì¾ã ããñãäã½ã ããä£ãããÀãè Ôã ãäÌã¼ããØã ãñ ¹ãÆ¼ããÀãè Öö ããñ ºãöã of the bank is in charge of the department who is
responsible for overall supervision on risk
½ãò ããñãäã½ã ¹ãÆºãâ£ã¶ã ¹ãÀ Ôã½ãØãÆ ¹ã¾ãÃÌãñàã¥ã ãñ ãäÊã ¦¦ãÀªã¾ããè Ööý Ôããñ
management in the bank. In addition, the Mid-Office
ããä¦ããäÀã¦ã ÈñÍãÀãè (ªñÍããè¾ã) ããõÀ ÈñÍãÀãè (ãäÌãªñÍããè) ããõÀ £ããÀ Ôã½ã©ãÃ¶ã in Treasury (Domestic) and Treasury (Foreign) and
ÔãñÌãã ãäÌã¼ããØã ¼ããè ããñãäã½ã ¹ãÆºãâ£ã¶ã ãã¾ãÃ ãÀ¦ãñ Öö ããñ ¶ããèãä¦ã¾ããò ãñ ¹ããÊã¶ã / Credit Support Services Dept. also carry out the risk
management functions and monitor the adherence/
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ã¶ãì¹ããÊã¶ã, ããñãäã½ã Ôããè½ãã ¹ãÆñ½ãÌããÃ ããõÀ ãã¶¦ããäÀã ã¶ãì½ããñª¶ããò ãñ ¹ãÆºããñ£ã¶ã compliance to policies, risk limit framework and
internal approvals.
ãñ ãäÊã ãäã½½ãñªãÀ Ööý
The bank has implemented the New Capital Adequacy
ºãöã ¶ãñ 31.03.2008 Ôãñ ¶ãÃ ¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã Â¹ãÀñãã (ºãñÔãÊã II) ããñ Framework (Basel-II) with effect from 31.3.2008 and
ãã¾ããÃãä¶Ìã¦ã ããè Öõ ããõÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã Ôã½ã¾ã Ôã½ã¾ã ¹ãÀ ããÀãè is in compliance with the framework, in line with the
ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìã½ã ½ãò ¦ãõ¾ããÀ Â¹ãÀñãã ãñ ã¶ãìÔããÀ Ôããã ã¶ãì¹ããÊã¶ã guidelines issued by the RBI from time to time. The
Basel-II Framework is based on three mutually
ãäã¾ãã Øã¾ãã Öõý ºãñÔãÊã II ¹ãÆñ½ãÌããÃ ¦ããè¶ã ¹ãÀÔ¹ãÀ ¹ãì¶ãºãÃãäÊã¦ã Ô¦ã½¼ããò ¹ãÀ ãã£ãããäÀ¦ã reinforcing pillars. While the first pillar of the revised
Öõý ¹ããäÀÍããñãä£ã¦ã ¹ãÆñ½ãÌããÃ ãã ¹ãÖÊãã Ô¦ã½¼ã £ããÀ, ºããûããÀ ããõÀ ¹ããäÀÞããÊã¶ã framework addresses the minimum capital
ããñãäã½ã ãñ ãäÊã ¶¾ãî¶ã¦ã½ã ¹ãîâããè ããÌãÍ¾ãã¦ãã ãã Ôã½ãã£ãã¶ã ãÀ¦ãã Öõ ¦ããñ requirement for credit, market and operational risks,
¹ã¾ãÃÌãñàããè ¹ãì¶ãÀãèàã¥ã ¹ãÆãäã¾ãã ãã ªîÔãÀã Ô¦ã½¼ã Ôãìãä¶ããäÍÞã¦ã ãÀ¦ãã Öõ ãäã ã¹ã¶ãñ the second pillar of supervisory review process
ããñãäã½ã ¹ãÆãñ¹ããÊã ããõÀ ãä¶ã¾ãâ¨ã¥ã ¹ããäÀÌãñÍã ãñ ã¶ãìÂ¹ã ã¹ã¶ãñ ããÀãñºããÀ Ôãñ ensures that the bank has adequate capital to
address all the risks in their business commensurate
ãì¡ñ Ôã¼ããè ¹ãÆããÀ ãñ ããñãäã½ããò ããñ Ôãâ¼ããÊã¶ãñ ãñ ãäÊã ºãöã ãñ ¹ããÔã ¾ã©ãñÓ with banks risk profile and control environment. As
¹ãîâããè Öõý ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ããè ã¹ãñàãã ã¶ãìÔããÀ ºãöã ¶ãñ ããâ¦ããäÀã ¹ãîúããè per RBIs requirement, the Bank has put in place a
¹ã¾ããÃ¹¦ã¦ãã ãããÊã¶ã ¹ããäã¾ãã (ããÔããè¹ããè) ¹ãÀ ºããñ¡Ã ´ãÀã ã¶ãì½ããñãäª¦ã ¶ããèãä¦ã Board approved Policy on Internal Capital Adequacy
ããñ ¦ãõ¾ããÀ ãäã¾ãã Öõ ¦ãããäã ªîÔãÀñ Ô¦ãâ¼ã ããè ããÌãÍ¾ãã¦ããããò ããñ ¹ãîÀã ãäã¾ãã ãã Assessment Process (ICAAP) to address second
pillar requirements. This policy aims at assessing
Ôããñý Ôã ¶ããèãä¦ã ãã ÿñÍ¾ã ¹ãÆ©ã½ã Ô¦ãâ¼ã ãñ ããñãäã½ããò ¦ãÖ¦ã ãäÌããä¶ã¾ãã½ãã
all material risks to which the bank is exposed over
ãä¶ã£ããÃÀ¥ããò Ôãñ ããä£ãã Ìã ¹ãÀ ãñ ¶ã Ôã¼ããè ¼ããõãä¦ãã ããñãäã½ããò ãã ½ãîÊ¾ããâã¶ã and above the regulatory prescriptions under the first
ãÀ¶ãã Öõ ããñ ºãöã ããñ ã¶ãñ ¹ãü¡ Ôãã¦ãñ Öö ããõÀ Ôã¦ã¦ã ãã£ããÀ ¹ãÀ ããÌãÍ¾ãã¦ããããò pillar risks, and ensuring adequate capital structure
ããñ ¹ãîÀã ãÀ¶ãñ ãñ ãäÊã ¹ã¾ããÃ¹¦ã ¹ãîâããè ÔãâÀÞã¶ãã Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãã Öõý to meet the requirements on an ongoing basis.
ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÂ¹ã ¦ã¶ããÌã ããâÞã The bank has formulated a Stress Testing framework
in line with the RBI guidelines to assess the potential
Ôãâºãâ£ããè Â¹ãÀñãã ¦ãõ¾ããÀ ããè Öõ ãäãÔãÔãñ ã¹ãÌããªÔÌãÂ¹ã ãäã¶¦ãì Ôãâ¼ããÌ¾ã Üã¶ããããò vulnerability of the organization to exceptional but
ãñ ¹ãÆãä¦ã ÔãâØã¶ã ããè Ôãâ¼ããÌ¾ã ÔãâÌãñª¶ãÍããèÊã ãäÔ©ããä¦ã ãã ¹ã¦ãã ÊãØãã¾ãã ãã Ôããñý plausible events. Stress testing and scenario analysis,
¦ã¶ããÌã ¹ãÀãèàã¥ã ããõÀ ¹ããäÀÒÍ¾ã ãäÌãÍÊãñÓã¥ã, ãäÌãÍãñÓã¦ã: ºãöã ãñ ¼ããõãä¦ãã ããñãäã½ã particularly in respect of the banks material risk
ãÔã¹ããñãÀ ãñ Ôãâºãâ£ã ½ãò, ãããä©ãÃã ½ãâªãè ãñ Ôã½ã¾ã ½ãò ãäãÔããè ¹ããñÃ¹ããñãäÊã¾ããñ ½ãò exposure, enable identification of potential risks
ãä¶ããäÖ¦ã Ôãâ¼ãããäÌã¦ã ããñãäã½ã ããè ¹ãÖÞãã¶ã ãÀ¶ãñ ããõÀ ¦ãª¶ãìÔããÀ Ôããã ãä¶ãÀããÀ¥ã inherent in a portfolio at times of economic recession
and accordingly take suitable steps to address the
ãÀ¶ãñ ãñ ãäÊã ãäÞã¦ã ¹ãã¾ã ãÀ¶ãñ ½ãò ÔãÖã¾ãã Öãñ¦ãã Öõý ¶ããèãä¦ãØã¦ã ¹ãã¾ããò ãñ same. In accordance with the policy prescriptions,
ã¶ãìÔããÀ ºãöã ããÌããä£ãã Â¹ã Ôãñ ºãöã ãñ ¦ãìÊã¶ã-¹ã¨ã ¹ãÀ ãäÌããä¼ã¸ã ¦ã¶ããÌã ¹ãÀãèàã¥ã the bank carries out various stress tests on banks
ãÀ¦ãã Öõ ããõÀ ããÊããñ / ããÀ½ãÔããèºããè / ºããñ¡Ã ããñ ãäÀ¹ããñô ¹ãÆÔ¦ãì¦ã ãÀ¦ãã Öõý balance sheet periodically and place the reports to
ALCO / RMCB / Board.
ºãñÔãÊã II ¹ãÆñ½ãÌããÃ ãã ¦ããèÔãÀã Ô¦ã½¼ã ºããããÀ ã¶ãìÍããÔã¶ã Ôãñ Ôãâºãâãä£ã¦ã Öõý
The third pillar of Basel-II framework refers to market
ºããããÀ ã¶ãìÍããÔã¶ã ãã ÿñÍ¾ã, Ô¦ã½¼ã 1 ãñ ¦ãÖ¦ã ãäÊÊããäã¦ã ¶¾ãî¶ã¦ã½ã ¹ãîâããè discipline. The purpose of market discipline is to
ããÌãÍ¾ãã¦ãã ããõÀ Ô¦ã½¼ã 2 ãñ ¦ãÖ¦ã ãäÊÊããäã¦ã ¹ã¾ãÃÌãñàããè ¹ãì¶ãÀãèàã¥ã ¹ãÆãäã¾ãã complement the minimum capital requirements
ããñ ¹ãîÀã ãÀ¶ãã Öõý Ôã Ôãâª¼ãÃ ½ãò, ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ detailed under Pillar 1 and the supervisory review
ã¶ãìÔããÀ ºãöã ½ãò ããñãäã½ã ¹ãÆºãâ£ã¶ã ãñ ºããÀñ ½ãò ¦ãããäÊããã ¡ãè¹ã1 Ôãñ 10 process detailed under Pillar 2. In this context and
(ÔãâÊãØ¶ã) ½ãò ¹ãÆããèãÀ¥ã (½ãã¨ãã¦½ãã Ìã Øãì¥ãã¦½ãã ªãñ¶ããò) ãã ã Ôãñ as guided by RBI a set of disclosure (both qualitative
and quantitative) are published in DF 1 to 10
¹ãÆãããäÍã¦ã ãäã¾ãã Øã¾ãã Öõ ãäãÔãÔãñ ºããããÀ ãñ ÔãÖ¼ããØããè ã¶ãì¹ãÆ¾ããñØã ããè ØãìâããÍã, (annexed) with regard to risk management in the
¹ãîâããè ããñãäã½ã ãÔã¹ããñãÀ ããñãäã½ã ½ãîÊ¾ããâã¶ã ¹ãÆãäã¾ãã, ºãöã ããè ããñãäã½ã bank, which will enable market participants to assess
¹ãÆãñ¹ããÊã ããõÀ ¹ãîâããèãÀ¥ã ãñ Ô¦ãÀ ãããäª ãñ ºããÀñ ½ãò ½ãÖ¦Ìã¹ãî¥ãÃ ÔãîÞã¶ãã ãã key pieces of information on the (1) Scope of
ãããÊã¶ã ãÀ Ôããò; (1)ã¶ãì¹ãÆ¾ããñØã ããè ØãìâããÍã (¡ãè¹ã-1), (2) ¹ãîâããè application (DF-1), (2) Capital Structure (DF-2), (3)
ÔãâÀÞã¶ãã (¡ãè¹ã-2), (3) ¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã (¡ãè¹ã-3), (4) £ããÀ ããñãäã½ã Capital Adequacy (DF-3), (4) Credit Risk: General
Disclosures (DF-4), (5) Credit Risk: Disclosures for
: Ôãã½ãã¶¾ã ¹ãÆããèãÀ¥ã (¡ãè¹ã-4), (5) £ããÀ ããñãäã½ã : ¹ããñÃ¹ããñãäÊã¾ããñ ãñ Portfolios subject to the Standardised Approach (DF-
ãäÊã ¹ãÆããèãÀ¥ã ºãÍã¦ãó ãäã ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã (¡ãè¹ã-5) (6) £ããÀ 5), (6) Credit Risk Mitigation: Disclosures for
ããñãäã½ã ã½ã ãÀ¶ãã : ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¹ãÆããèãÀ¥ã (¡ãè¹ã-6) Standardised Approaches (DF-6), (7) Securitisation:
(7) ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã: ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ãäÊã ¹ãÆããèãÀ¥ã (¡ãè¹ã- Disclosure for Standardised Approach (DF-7), (8)
7), (8) Èñãä¡âØã ºãìã ½ãò ºããããÀ ããñãäã½ã (¡ãè¹ã-8) (9) ¹ããäÀÞããÊã¶ã Market Risk in Trading Book (DF-8), (9) Operational
Risk (DF-9), and (10) Interest Rate Risk in the
ããñãäã½ã (¡ãè¹ã-9) ããõÀ (10) ºãöãäãâØã ºãìã ½ãò º¾ããã ªÀ ããñãäã½ã (¡ãè¹ã- Banking Book (IRRBB) (DF-10) etc. This would also
10) ãããäªý ÔãÔãñ ºããããÀ ãñ ÔãÖ¼ãããäØã¾ããò ããñ ãäÌããä¼ã¸ã ½ãã¶ãª¥¡ãò ½ãò ºãöã ãñ provide necessary information to the market
ãä¶ãÓ¹ããª¶ã ãã ½ãîÊ¾ããâã¶ã ãÀ¶ãñ ãñ ãäÊã ããÌãÍ¾ãã ãã¶ãããÀãè ¹ãÆã¹¦ã ÖãñØããèý participants to evaluate the performance of the bank
in various parameters.
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¦ãããä Ê ããã ¡ãè ¹ã-1 Table DF 1
ÊããØãî ãÀ¶ãñ ããè ØãìâããÍã Scope of application
Øãì¥ãã¦½ãã ¹ãÆããèãÀ¥ã Ö½ããÀñ ºãöã ¹ãÀ ¹ãÆ¾ããñ¾ã¦ãã Qualitative Disclosures Applicability to Our Bank
ã. ãäãÔã Ôã½ãîÖ ¹ãÀ ¹ãÆñ½ãÌããÃ ÊããØãî Öãñ¦ããè Öõ ºãöã ãäãÔããè ¼ããè ÌãØãÃ ãã a) The name of the top bank The Bank does not
in the group to which the belong to any
Ôã ÌãØãÃ ãñ ÔãÌããóÞÞã ºãöã ãã ¶ãã½ã ÔãªÔ¾ã ¶ãÖãé Öõý Framework applies group.
ã. Ôã½ãîÖ ãñ ã¶ªÀ ãã¾ããò ãñ Ôãâãäàã¹¦ã b) An outline of differences in
the basis of consolidation
ãäÌãÌãÀ¥ã ÔããäÖ¦ã, ÊãñãããÀ¥ã ããõÀ
for accounting and
ãäÌããä¶ã¾ãã½ãã ÿñÍ¾ããò ãñ ãäÊã Ôã½ãñã¶ã regulatory purposes, with a
ãñ ãã£ããÀ ½ãò ã¶¦ãÀ ããè Â¹ãÀñãã (i) ÊããØãî ¶ãÖãéý brief description of the
ããñ ¹ãîÀãè ¦ãÀÖ Ôã½ãñãäã¦ã Öö (ii) ããñ entities within the group (i)
that are fully consolidated
Ôã½ãã¶ãì¹ãããä¦ãã Â¹ã Ôãñ Ôã½ãñãäã¦ã Öö (iii) (ii) that are pro-rata Not Applicable
ãäã¶ã½ãò ããõ¦ããè ããè ØãÃ Öõ (iv) ãäã¶Öò consolidated (iii) that are
Ôã½ãñãäã¦ã ¶ãÖãé ãäã¾ãã Øã¾ãã Öõ ¶ã Öãè given a deduction treatment;
and (iv) that are neither
ããõ¦ããè ããè ØãÃ Öõ (ªã. ãÖãú ãä¶ãÌãñÍã consolidated nor deducted
ããñãäã½ã ¼ãããäÀ¦ã Öõ) (e.g. where the investment is
risk weighted).
½ãã¨ãã¦½ãã ¹ãÆããèãÀ¥ã Quantitative Disclosures
c) The aggregate amount of
Øã. Ôã¼ããè ã¶ãìÓãâØããè ãã¾ããò ½ãò ¹ãîâããè ããè
capital deficiencies in all
ã½ããè ããè ãìÊã Àã½ã Ôã½ãñã¶ã ½ãò Íãããä½ãÊã ÊããØãî ¶ãÖãé subsidiaries not included in
¶ãÖãé Öõ ¾ãã¶ããè ãäã¶ãããè ããõ¦ããè ããè ØãÃ the consolidation i.e. that Not Applicable
Öõ ããõÀ ñÔããè ã¶ãìÓãâØããè ãã¾ããò ãñ ¶ãã½ã are deducted and the
name(s) of such subsidiaries.
Üã. ºããè½ãã ãã¾ããò ½ãò ºãöã ãñ ãìÊã ãäÖ¦ã ããè ¾ãîãä¶ãÌãÔãÃÊã Ôããñ½¹ããñ ã¶ãÀÊã d) The aggregate amounts
¶Í¾ããñÀñ¶Ôã ãâ.ãäÊã. ãõÔãñ (e.g. current book value) of Rs. 28.50 crores by
ããõÔã¦ã Àã½ã (ªãÖÀ¥ã - ÞããÊãî ºãÖãè way of equity
the banks total interests in
½ãîÊ¾ã) ããñ ããñãäã½ã ¼ãããäÀ¦ã Öö ããõÀ ºããè½ãã Ôãâ¾ãìã¦ã ¹ãã½ã ½ãò insurance entities, which subscription in an
¶ããñ ¶ãã½ã, ¶ããñ Íãããä½ãÊã ãäã ãã¶ãñ Ã ã ä ã Ì ããè ããä ¼ ãªã¶ã ãñ are risk-weighted as well insurance JV ie.
ãã ªñÍã ¾ãã ãä¶ãÌããÔã, ÔÌãããä½ã¦Ìã ãäÖ¦ã ãã ûããäÀ Á.28.50 ãÀãñü¡, as their name, their Universal Sompo
country of incorporation or General Insurance
ãâÍã ããõÀ ¾ããäª ããñÃ ãä¼ã¸ã Öõ ¦ããñ ¶ã ããñ ã¹ã¶ããè ãìÊã ããÀãè ããè residence, the proportion Co. Ltd.,
ãã¾ããò ½ãò ½ã¦ãããä£ãããÀ ãã ãäÖÔÔããý ØãÃ ¹ãîâããè ãã 19% ãä¶ãÌãñÍã of ownership interest and, representing 19%
Ôããñ ããä¦ããäÀã¦ã, Ôã ¹ãÆãäã¾ãã ãñ ¹ãÆ¾ããñØã Öõ ý Ôãñ Ôããè ããÀããÀ if different, the proportion of its total issued
of voting power in these capital. The same
ºã¶ãã½ã ããõ¦ããè ãã ¹ãÆ¾ããñØã ãÀ¶ãñ ãã ¹ããäÀãÊã¶ã Ôãñ î Öõý entities.In addition, indicate is excluded from
ãäÌããä¶ã¾ãã½ãã ¹ãîâããè ¹ãÀ ½ãã¨ãã¦½ãã ¹ãÆ¼ããÌã the quantitative impact on CRAR computation.
ªÍããÃâý regulatory capital of using
this method versus using
¦ãããäÊããã ¡ãè¹ã-2 the deduction.
¹ãîâããè ÔãâÀÞã¶ãã Table DF 2
Capital structure
Øãì¥ãã¦½ãã ¹ãÆããèãÀ¥ã Ö½ããÀñ ºãöã ¹ãÀ ¹ãÆ¾ããñ¾ã¦ãã
Qualitative Disclosures Applicability to Our Bank
ã. Ôã¼ããè ¹ãîâããè ãäÊãã¦ããò ããè ãäÌãÍãñÓã¦ããããò ºãöã ¹ãÀ ÊããØãî Öõ Þãîâãäã Ö½ã¶ãñ a) Summary information on Applicable to the
ããè Íã¦ããô ããõÀ ãä¶ãºãâ£ã¶ããò ¹ãÀ ÔããÀ Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ ¹ãî â ããè the terms and conditions of Bank as we raise
ÔãîÞã¶ãã, ãäÌãÍãñÓã¦ã: ã¾ãÀ 1 ¾ãã ÞÞã¦ãÀ ããÌãÍ¾ãã¦ãã ããñ ¹ãîÀã ãÀ¶ãñ the main features of all both Tier I and Tier
capital instruments, II capital from the
ã¾ãÀ 2 ½ãò Ôã½ããÌãñÍã¶ã ãñ ãäÊã ¹ãã¨ã ãñ ãäÊã ºããûããÀ Ôãñ ã¾ãÀ 1 especially in the case of market to meet
¹ãîâããè ãäÊãã¦ããò ãñ ½ãã½ãÊãñ ½ãò Ö ½ ã ã À ñ ããõÀ ã¾ãÀ 2 ¹ãîâããè ãÃ capital instruments eligible increase in capital
ºãöã ¹ãÀ ¹ãÆ¾ããñ¾ã¦ãã Öõý for inclusion in Tier 1 or requirements from
in Upper Tier 2 time to time
121
½ãã¨ãã¦½ãã ¹ãÆããèãÀ¥ã Quantitative Disclosures
b) The amount of Tier 1
ã. ãä¶ã½¶ããäÊããäã¦ã ãñ ãÊãØã Ôãñ ¹ãÆããèãÀ¥ã capital, with separate
ÔããäÖ¦ã ã¾ãÀ 1 ¹ãîâããè ããè Àã½ã: disclosure of:
* ¹ãÆª¦¦ã Íãñ¾ãÀ ¹ãîâããè Á.544.80 ãÀãñü¡ * paid up share capital Rs. 544.80 crore
* ããÀãäàããä¦ã¾ããâ Á.5715.37 ãÀãñü¡ * reserves Rs. 5715.37 crore
* ¶ãÌããñ¶½ãñÓããè ãäÊãã¦ã (ã¾ãÀ 1 ¹ãîâããè Á.780.00 ãÀãñü¡ * innovative instruments Rs. 780.00 crore
(ÌãÓãÃ ãñ ªãõÀã¶ã ã Øã (Perpetual Debt Instrument (raised during the
ºãñãä½ã¾ããªãè ¨ãÉ¥ã ãñ Â¹ã ½ãâñ) year Rs.300Cr)
as Tier 1 capital)
- Á.300 ãÀãñü¡)
* other capital instruments Nil
* ã¶¾ã ¹ãîâããè ãäÊãã¦ãò Íãî¶¾ã
* amounts deducted from Tier Rs. 165.24 crore
* ã¾ãÀ 1 ¹ãîâããè Ôãñ ãããè ØãÃ Àã½ã, Ôããã Á.165.24 ãÀãñü¡ 1 capital, including goodwill
and investments
ããõÀ ãä¶ãÌãñÍã ããñ ãä½ãÊãã ãÀ
c) The total amount of Tier 2 Rs. 4846.28 crore
Øã. ã¾ãÀ 2 ¹ãîâããè ããè ãìÊã Àã½ã (ã¾ãÀ 2 Á.4846.28 ãÀãñü¡ capital (net of deductions Rs. 3942.50 crore
¹ãîâããè Ôãñ ããõãä¦ã¾ããò ãã ãä¶ãÌãÊã) Á.3942.50 ãÀãñü¡ from Tier 2 capital) (at discount) (raised
(ãä¡Ôãããâ ½ãò) (ÌãÓãÃ ãñ during the year
d) Debt capital instruments
Üã. ÞÞã¦ãÀ ã¾ãÀ 2 ¹ãîâããè ½ãò Íãããä½ãÊã ãÀ¶ãñ ªãõÀã¶ã ã Øã - Rs.800.00 crores)
eligible for inclusion in
ãñ ãäÊã ¹ãã¨ã ¨ãÉ¥ã ¹ãîâããè ãäÊãã¦ãò Á.800.00 ãÀãñü¡) Upper Tier 2 capital
* ãìÊã ºããã¾ãã Àã½ã Á.1665.30 ãÀãñü¡ * Total amount outstanding Rs. 1665.30 crores
* ãäãÔã½ãò Ôãñ ÞããÊãî ÌãÓãÃ ãñ ªãõÀã¶ã Êããè ØãÃ Á.510.00 ãÀãñü¡ * Of which amount raised Rs. 510.00 crores
Àã½ã during the current year
* Amount eligible to be Rs. 1665.30 crores

* ¹ãîâããèØã¦ã ãä¶ããä£ã¾ããò ãñ Â¹ã ½ãò ¹ããäÀãÊã¶ã Á.1665.30 ãÀãñü¡ reckoned as capital funds
Öñ¦ãì ¹ãã¨ã Àã½ã
e) Subordinated debt eligible
Þã. ãä¶ã½¶ã¦ãÀ ã¾ãÀ 2 ¹ãîâããè ½ãò Íãããä½ãÊã ãÀ¶ãñ for inclusion in Lower Tier
2 capital
ãñ ãäÊã ¹ãã¨ã Øããõ¥ã ¨ãÉ¥ã
* Total amount outstanding Rs. 2426.00 crores
* ãìÊã ºããã¾ãã Àã½ã Á.2426.00 ãÀãñü¡
* Of which amount raised Rs. 290.00 crores
* Ôã½ãò Ôãñ ÞããÊãî ÌãÓãÃ ãñ ªãõÀã¶ã Êããè ØãÃ Á.290.00 ãÀãñü¡ during the current year
Àã½ã
* Amount eligible to be Rs 2277.20 crores
* ¹ãîâããèØã¦ã ãä¶ããä£ã¾ããò ãñ Â¹ã ½ãò ¹ããäÀãÊã¶ã Á.2277.20 ãÀãñü¡ reckoned as capital funds
Öñ¦ãì ¹ãã¨ã Àã½ã f) Other deductions from Nil
capital, if any
. ¹ãîâããè ½ãò Ôãñ ã¶¾ã ããõãä¦ã¾ããú, ¾ããäª Öãñ Íãî¶¾ã
g) Total eligible capital Rs.11721.20 crores
ã. ãìÊã ¹ãã¨ã ¹ãîâããè Á.11721.20 ãÀãñü¡
122
¦ãããäÊããã ¡ãè¹ã-3 Table DF 3
¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã CAPITAL ADEQUACY
Øãì¥ãã¦½ãã ¹ãÆããèãÀ¥ã: Qualitative disclosures:

A summary discussion of the banks approach to
Ìã¦ãÃ½ãã¶ã ããõÀ ¼ããäÌãÓ¾ãØã¦ã Øããä¦ããäÌããä£ã¾ããò ããñ ãâãã½ã ªñ¶ãñ ãñ ãäÊã ã¹ã¶ããè ¹ãîúããè assessing the adequacy of its capital to support
ããè ¹ã¾ããÃ¹¦ã¦ãã ãã ãããÊã¶ã ãÀ¶ãñ ãñ ãäÊã ºãöã ãñ Áã ããè ÔããÀãâÍãØã¦ã ÞãÞããÃ: current and future activities:
ºãöãäãâØã ¹ã¾ãÃÌãñàã¥ã ¹ãÀ ºãñÔãÊã Ôããä½ããä¦ã ´ãÀã ããÀãè ãäã Øã ¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã Banks in India implemented capital adequacy
measures in April 1992 based on the capital
¹ãÆñ½ãÌããÃ (ºãñÔãÊã I) ããõÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ ããÀãè adequacy framework (Basel-I) issued by the Basel
ãäªÍãããä¶ãªóÍããò ãñ ãã£ããÀ ¹ãÀ ã¹ãÆõÊã 1992 ½ãò ¼ããÀ¦ã ãñ ºãöããò ¶ãñ ¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã Committee on Banking Supervision (BCBS) and the
¹ãã¾ã ãã¾ããÃãä¶Ìã¦ã ãäãý ¾ãñ ¹ãã¾ã ºãöããò ãñ ¹ãîâããè ãã£ããÀ ããñ ½ããºãî¦ã ãÀ¶ãñ guidelines issued by Reserve Bank of India (RBI)
from time to time. Such a measure was taken in
ããõÀ Ôãã©ã Öãè ¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã ºã¶ãã Àã¶ãñ ãñ ½ãã½ãÊãñ ½ãò ã¶¦ãÀÀãÓÈãè¾ã ÑãñÓ
order to strengthen the capital base of banks and at
Ì¾ãÌãÖãÀãò ãã ã¶ãì¹ããÊã¶ã ãÀ¶ãñ ãñ ãäÊã ãäã Øã Ööý ããÀâ¼ã ½ãò ºãñÔãÊã the same time to make it compliant with the
¹ãÆñ½ãÌããÃ £ããÀ ããñãäã½ã ãñ ãäÊã ¹ãîâããè ããè Ôã½ãÔ¾ãã ªîÀ ãÀ¶ãñ ãñ ãäÊã ©ãã international best practices in the matter maintaining
ãäãÔã½ãò ºããª ½ãò ºããããÀ ããñãäã½ã ãñ ãäÊã ¹ãîâããè ããñ Íãããä½ãÊã ãÀ¶ãñ ãñ ãäÊã capital adequacy. Initially the Basel framework
addressed the capital for credit risk, which was
ÔãâÍããñãä£ã¦ã ãäã¾ãã Øã¾ããý ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ããÀãè ãäã ãäªÍãããä¶ãªóÍããò subsequently amended to include capital for market
ãñ ã¶ãìÂ¹ã ºãöã ¶ãñ ÔãâØã¦ã ãäªÍãããä¶ãªóÍããò ãã ã¶ãì¹ããÊã¶ã ãäã¾ããý risk. In line with the guidelines issued by the RBI
the bank was compliant with the relevant guidelines.
ºããª ½ãò ºããèÔããèºããèÔã ¶ãñ 26 ãî¶ã 2004 ããñ ¹ãîâããè ½ãã¶ãããò ããõÀ ¹ãîâããè ½ãã¹ã¶ã
Subsequently the BCBS released the International
ãñ ã¶¦ãÀÀãÓÈãè¾ã Ôã½¹ããäÀÌã¦ãÃ¶ã, ã ¹ããäÀÍããñãä£ã¦ã ¹ãÆñ½ãÌããÃ ããÀãè ãäã¾ããý Convergence of Capital Measurement and Capital
Ì¾ãã¹ãããäÀã Øããä¦ããäÌããä£ã¾ããò ããõÀ ªìØãì¶ãñ Þãîã ¹ãÆ¼ããÌããò ãñ Ì¾ãÌãÖãÀ ããñ Íãããä½ãÊã Standards: A Revised Framework on June 26, 2004.
ãÀ¶ãñ ãñ ãäÊã ¶ãÌãâºãÀ 2005 ½ãò ¹ããäÀÍããñãä£ã¦ã ¹ãÆñ½ãÌããÃ ããñ ã²ã¦ã¶ã ãäã¾ãã Öõ The Revised Framework was updated in November
ããõÀ Ôã ¹ãÆñ½ãÌããÃ ãñ Ì¾ãã¹ãã Â¹ããâ¦ãÀ ããñ ãî¶ã 2006 ½ãò ããÀãè ãäã¾ãã Øã¾ããý 2005 to include trading activities and the treatment
of double default effects and a comprehensive
¶ã ãäªÍãããä¶ãªóÍããò ãñ ãã£ããÀ ¹ãÀ ããõÀ ã¶¦ãÀÀãÓÈãè¾ã ½ãã¶ãããò ãñ Ôãã©ã ãä¶ãÀ¶¦ãÀ¦ãã version of the framework was issued in June 2006.
¦ã©ãã Ôãã½ãâãÔ¾ã ºã¶ãã Àã¶ãñ ããè ÒãäÓ Ôãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ¶ãñ 27 ã¹ãÆõÊã Based on these guidelines and to have consistency
2007 ããñ ãäªÍãããä¶ãªóÍã ããÀãè ãäã ããõÀ ºããª ½ãò ¶ãÃ ¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã (ºãñÔãÊã and be in harmony with international standards, the
RBI has issued guidelines on 27th April 2007 and
II) ¹ãÆñ½ãÌããÃ ãñ ãã¾ããÃ¶Ìã¾ã¶ã ãñ ãäÊã Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ ÔãâÍããñ£ã¶ã ãäã Øãý
subsequent amendments on implementation of the
New Capital Adequacy (Basel-II) Framework from time
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÂ¹ã ºãöã 31-03-2008 Ôãñ to time.
¹ããäÀÍããñãä£ã¦ã (ºãñÔãÊã II) ¹ãÆñ½ãÌããÃ ½ãò ãã Þãìãã Öõ ããõÀ ºãñÔãÊã II ¹ãÆñ½ãÌããÃ ããè
ã¹ãñàããããò ãã ã¶ãì¹ããÊã¶ã ãäã¾ãã Øã¾ãã Öõý Ôããñ ããä¦ããäÀã¦ã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ In line with the RBI guidelines, the Bank had migrated
to the revised (Basel-II) framework from 31.3.2008
ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÂ¹ã ºãöã ¶ãñ ãä¶ã£ããÃãäÀ¦ã ãäÀ¹ããñãäÄØã ¹ãÆãÂ¹ã ãñ and continues to be compliant with the requirements
ããäÀ ºãñÔãÊã - I ¹ãÆñ½ãÌããÃ ãã ¹ãÆ¾ããñØã ããÀãè Àãã Öõý ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ¶ãñ of Basel-II framework. In addition to this, the bank
ããõÀ ããØãñ ÔãîÞã¶ãã ãä½ãÊã¶ãñ ¦ãã Ôã½ãã¶ããâ¦ãÀ ÞããÊã¶ã ããõÀ ãäÌãÌãñã¹ãî¥ãÃ ½ãã¶ãã continues the parallel run of Basel I framework in
terms of the guidelines issued by the RBI through
ããñ ããÀãè Àã¶ãñ Öñ¦ãì ãäª¶ããâãäã¦ã 07 ã¹ãÆõÊã 2010 ãñ ¹ããäÀ¹ã¨ã ãñ ããäÀ prescribed reporting formats. The RBI has issued
ãäªÍãããä¶ãªóÍã ããÀãè ãäã Ööý ºãöã ¶ãñ ¶ã ãäªÍãããä¶ãªóÍããò ãã ¹ãî¥ãÃ¦ã: ã¶ãì¹ããÊã¶ã directions vide their circular dated 7 th April 2010
ãäã¾ãã Öõý continuance of the parallel run and prudential floor
until further advice. The Bank is in full compliance
ºãñÔãÊã II ¹ãÆñ½ãÌããÃ £ããÀ ããñãäã½ã, ºããããÀ ããñãäã½ã ããõÀ ¹ããäÀÞããÊã¶ã ããñãäã½ã with these guidelines.
ãñ ãäÊã ¹ãîâããè ã¹ãñàããããò ãã ãä¶ã£ããÃÀ¥ã ãÀ¶ãñ ãñ ãäÊã ãÃ ãäÌããÊ¹ã ¹ãÆªã¶ã Basel-II Framework provides a range of options for
ãÀ¦ãã Öõý ¾ãÖ ¹ãÆñ½ãÌããÃ ºãöããò ããõÀ ¹ã¾ãÃÌãñàãããò ããñ ã¹ã¶ãñ ¹ããäÀÞããÊã¶ããò ããõÀ determining the capital requirements for credit risk,
ãäÌã¦¦ããè¾ã ºããããÀ ãñ ãäÊã ¹ã¾ãìã¦ã ÒãäÓããñ¥ã Þãì¶ã¶ãñ ããè ã¶ãì½ããä¦ã ¹ãÆªã¶ã market risk and operational risk. The Framework
allows banks and supervisors to select approaches
ãÀ¦ãã Öõý ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ããè ã¹ãñàããããò ãñ ã¶ãìÔããÀ ºãöã ¶ãñ ¹ãîâããè ãã that are most appropriate for their operations and
¹ããäÀãÊã¶ã ãÀ¶ãñ ãñ ãäÊã £ããÀ ããñãäã½ã ãñ ãäÊã ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã financial markets. In accordance with the RBIs
(Ôã), ºããããÀ ããñãäã½ã ãñ ãäÊã ½ãã¶ãã ãÌããä£ã ¹ãÆãñÞã (Ôã¡ãè) ããõÀ requirements, the Bank has adopted Standardised
¹ããäÀÞããÊã¶ã ããñãäã½ã ãñ ãäÊã ½ãîÊã¼ãî¦ã Ôãâãñ¦ãã ÒãäÓããñ¥ã (ºããèãã) ã¹ã¶ãã¾ãã Approach (SA) for credit risk, Standardised Duration
Approach (SDA) for market risks and Basic Indicator
123
Öõý ã¦ã: Ôã Ôãâºãâ£ã ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÂ¹ã Approach (BIA) for Operational Risk to compute
capital. As such, the Bank is maintaining capital for
ºãöã ¶ãñ 31-03-2010 ¦ãã ãñ ãäÊã £ããÀ, ºããûããÀ ããõÀ ¹ããäÀÞããÊã¶ãã¦½ãã
Credit, Market and Operational Risk as on 31.3.2010,
ããñãäã½ã ãñ ãäÊã ¹ãîâããè ºã¶ãã Àããè Öõý in line with the RBI guidelines in this regard.
ºãöã ¶ãñ Ôãâºãâãä£ã¦ã ¡ãã ãñ ãã£ããÀ ¹ãÀ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ½ãò ãä¶ã£ããÃãäÀ¦ã The Bank has computed capital for market risk and
operational risk as per the prescribed guidelines at
ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºããûããÀ ããñãäã½ã ããõÀ ¹ããäÀÞããÊã¶ã ããñãäã½ã ãñ
the banks Central Office, based on the relevant data.
ãäÊã ¹ãîâããè ãã ¹ããäÀãÊã¶ã ãäã¾ãã Öõý ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¦ãÖ¦ã £ããÀ In computation of capital for Credit risk under
ããñãäã½ã ãñ ãäÊã ¹ãîâããè ãã ¹ããäÀãÊã¶ã ãÀ¶ãñ ãñ ãäÊã ºãöã ¶ãñ àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò Standardised Approach, the bank has relied upon
ããõÀ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ½ãò £ãããäÀ¦ã ¹ããñÃ¹ããñãäÊã¾ããñ ãñ ãÊããÌãã ÖÀ Íãããã Ôãñ the borrower-wise data captured from each individual
branch besides portfolios held at Regional Office and
ãäÊã Øã £ããÀã¦ããÃÌããÀ ¡ãã ããñ ãäÊã¾ãã Öõý Ôããñ ãäÊã ºãöã ¶ãñ ÔÌããä¶ããä½ãÃ¦ã Central Office of the bank. For this purpose, the
Ôããù¹ãÌãñ¾ãÀ ¦ãõ¾ããÀ ãäã¾ãã Öõ ããñ Íããããããò ãñ ããäØãÆ½ã ¹ããñÃ¹ããñãäÊã¾ããñ ãñ £ããÀ Bank has developed in-house software, which
ããñãäã½ã ãñ ãäÊã ¹ãîâããè ãã ¹ããäÀãÊã¶ã ãÀ¦ãã Öõ ããõÀ Íããããããò, àãñ¨ããè¾ã enables computation of capital for credit risk of the
ãã¾ããÃÊã¾ããò ¦ã©ãã ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã Ô¦ãÀ ¹ãÀ ããÌãÍ¾ãã ãäÀ¹ããñÃ ãã Ôãðã¶ã advances portfolio of the branches and generation
of the requisite reports at the branches, Regional
ãÀ¦ãã Öõý Ôããèã¦ãã ããõÀ ¹ã¾ããÃ¹¦ã¦ãã Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ãäÊã ¹ãîâããè ¹ããäÀãÊã¶ã Offices and Central Office level. Necessary training
ãñ ãäÌããä¼ã¸ã ¹ãàããò ãñ Ôãâºãâ£ã ½ãò Ôã¹ã ããñ ããÌãÍ¾ãã ¹ãÆãäÍãàã¥ã ãäª¾ãã Øã¾ãã Öõý is imparted to the field staff periodically on various
aspects of capital computation to ensure accuracy
Ôãã½ãã¶¾ã¦ã: ºãöã £ããÀ ããñãäã½ããò ããñ ã½ã ãÀ¶ãñ ãñ ãäÊã ãÃ ¦ãÀÖ ãñ ¹ãã¾ã and adequacy.
ãÀ¦ãñ Ööý ºãöã ¶ãñ ¹ãîâããè ÀãÖ¦ã ¹ãÆã¹¦ã ãÀ¶ãñ ãñ ãäÊã £ããÀ ããñãäã½ã ãñ ãäÊã Banks generally use a number of techniques to
¹ãîâããè ãñ ¹ããäÀãÊã¶ã ½ãò £ããÀ ããñãäã½ã Üãã¶ãñ ãã ¹ãÆ¾ããñØã ãäã¾ãã Öõý £ããÀ mitigate the credit risk to which they are exposed.
ããñãäã½ã ã½ããè, ããñãäã½ã ¼ãããäÀ¦ã ãããäÔ¦ã¾ããò, ¹ãã¨ã ¹ãîâããè ããõÀ ããñãäã½ã ¼ãããäÀ¦ã The Bank has also used the Credit Risk Mitigation
in computation of capital for credit risk in order to
ãããäÔ¦ã ã¶ãì¹ãã¦ã ãñ ¹ãÆãä¦ã ¹ãîâããè (ÔããèããÀããÀ) ¹ããäÀããäÊã¦ã ãÀ¶ãññ ãñ ãäÊã
get capital relief. The Bank has followed the RBI
ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ Ìã¦ãÃ½ãã¶ã ãäªÍãããä¶ãªóÍã ãã ã¶ãìÔãÀ¥ã ãäã¾ãã guidelines in force to arrive at the credit risk
Öõý mitigation, risk weighted assets, eligible capital and
capital to risk weighted assets ratio (CRAR).
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã, ºãñÔãÊã ªÔ¦ããÌãñããò ½ãò ãä¶ã£ããÃãäÀ¦ã 8% ããè ¦ãìÊã¶ãã ½ãò
Reserve Bank of India has prescribed that Banks
ãä¶ãÀ¶¦ãÀ Â¹ã Ôãñ 9% ãñ ããñãäã½ã ¼ãããäÀ¦ã ãããäÔ¦ã ã¶ãì¹ãã¦ã ÔããèããÀããÀ ãñ are required to maintain a minimum capital to risk
¹ãÆãä¦ã ¶¾ãî¶ã¦ã½ã ¹ãîâããè ã¶ãì¹ãã¦ã Àã¶ãñ ãñ ãäÊã ãä¶ã¾ã¦ã ãÀ¦ãã Öõý ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ weighted assets ratio (CRAR) of 9% on an ongoing
ºãöã ¾ãÖ ¼ããè ãä¶ã£ããÃãäÀ¦ã ãÀ¦ãã Öõ ãäã 31.03.2010 ¦ãã £ããÀ ããõÀ ºããûããÀ basis, as against 8% prescribed in the Basel
document. RBI has also prescribed Prudential Floor
ããñãäã½ããò ãñ ãäÊã ºãñÔãÊã I ¹ãÆñ½ãÌããÃ ãñ ½ãì¦ãããäºãã ¹ããäÀããäÊã¦ã ¶¾ãî¶ã¦ã½ã ¹ãîúããè at 80% of minimum capital requirements computed
ã¹ãñàããããò ãã 80% ¹ãÀ ãäÌãÌãñã¹ãî¥ãÃ Ô¦ãÀ Öãñý ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã as per Basel-I Framework for Credit and Market risks
ããÀãè ãäã¾ãã Øã¾ãã ¹ãÆñ½ãÌããÃ ããä¦ããäÀã¦ã Â¹ã Ôãñ 31 ½ããÞãÃ 2010 ¦ãã ¾ãã Ôããñ as on 31.3.2010. The framework issued by RBI
¹ãÖÊãñ 6% ãã ¶¾ãî¶ã¦ã½ã ã¾ãÀ-I ÔããèããÀããÀ ºã¶ãã Àã¶ãñ ãñ ãäÊã ãä¶ã£ããÃÀ¥ã additionally prescribes maintenance of a minimum
Tier-1 CRAR of 6% on or before March 31, 2010.
ãÀ¦ãã Öõý ¶ã ãä¶ã£ããÃÀ¥ããò ãñ ¹ãÆãä¦ã ºãöã ãã ãìÊã ÔããèããÀããÀ ããõÀ ã¾ãÀ-I Against this, the Banks total CRAR and Tier-1 CRAR
ÔããèããÀããÀ ã½ãÍã: 14.78% ããõÀ 8.67% ¹ãÀ Öõ ããñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ stand at 14.78% and 8.67% respectively, which are
ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã ¶¾ãî¶ã¦ã½ã Ô¦ãÀ Ôãñ ãã¹ããè ¹ãÀ Öõý well above the minimum level prescribed by RBI.
The Bank has put in place the policy on Internal
ºãöã ããè Ôã½ãØãÆ ããñãäã½ã ¹ãÆãñ¹ããÊã ãñ Ôã½ãã¶ã ¹ããäÀÍããñãä£ã¦ã ¹ãñ½ãÌããÃ ãñ Ô¦ã½¼ã 2 Capital Adequacy Assessment Process (ICAAP) and
ããÌãÍ¾ãã¦ããããò ãñ ¹ãã¾ã ãñ Â¹ã ½ãò ºãöã ãñ Ôãâºãâãä£ã¦ã ããñãäã½ã ããÀããò ããñ the framework in consideration of the relevant risk
£¾ãã¶ã ½ãò Àã¦ãñ Öì ºãöã ¶ãñ ãã¶¦ããäÀã ¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã ½ãîÊ¾ããâã¶ã ¹ãÆãäã¾ãã ¹ãÀ factors of the bank as a measure towards Pillar 2
requirements of the revised framework commensurate
¶ããèãä¦ã ããõÀ ¹ãÆñ½ãÌããÃ ¦ãõ¾ããÀ ãäã¾ãã Öõý ¶ããèãä¦ã ¦ãõ¾ããÀ ãÀ¦ãñ Ôã½ã¾ã ºãöã ¶ãñ ¼ããÀ¦ããè¾ã
with the banks overall risk profile. In framing the
ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ½ãò ãä¶ã£ããÃãäÀ¦ã ã¹ãñàããããò ããñ £¾ãã¶ã ½ãò Àãã Öõý policy the bank has taken into consideration the
requirements prescribed by RBI in their guidelines.
ãÖãú ¦ãã ¼ããäÌãÓ¾ãØã¦ã Øããä¦ããäÌããä£ã¾ããò ããñ ã¶ããã½ã ªñ¶ãñ ãñ ãäÊã ¹ãîúããè ¹ã¾ããÃ¹¦ã¦ãã
ããè ºãã¦ã Öõ, ÌãÖãú ºãöã ããÀãñºããÀ ããè ¼ããäÌãÓ¾ãØã¦ã Ìãðãä® ããñ £¾ãã¶ã ½ãò Êãñ¦ãñ Öì As regards the adequacy of capital to support the
future activities, the bank draws assessment of
¹ãîúããèØã¦ã ã¹ãñàããããò ãã ããÌããä£ãã ½ãîÊ¾ããâã¶ã ãÀ¦ãã Öõý ºãöã ´ãÀã ã¶ãìÀãäàã¦ã capital requirements periodically taking into account
ããä¦ããäÀã¦ã ÔããèããÀããÀ ¼ããäÌãÓ¾ãØã¦ã Øããä¦ããäÌããä£ã¾ããò ããñ ¹ãîÀã ãÀ¶ãñ ãñ ãäÊã future growth of business. The surplus CRAR
maintained by the bank acts as a buffer to support
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ºã¹ãÀ ãã ãã½ã ãÀ¦ãã Öõý Ôãã©ã Öãè ã¾ãÀ I ããõÀ ã¾ãÀ II ¹ãîâããè ÔãâÜãããò ½ãò the future activities. Moreover, the headroom
available to the bank in the Tier-1 and Tier-2 capital
ºãöã ãñ ¹ããÔã ¹ãÊãº£ã î ¼ããäÌãÓ¾ãØã¦ã ã¹ãñàããããò ããñ ¹ãîÀã ãÀ¶ãñ ãñ ãäÊã
components provides additional capital support to
ããä¦ããäÀã¦ã ¹ãîúããè Ôã½ã©ãÃ¶ã ¹ãÆªã¶ã ãÀ¦ãã Öõý Ôã ¹ãÆããÀ ºãöã ãñ ¹ãîâããè ããñãäã½ã meet the future needs. Thereby, the capital risk of
ãã ¾ã©ãñÓ £¾ãã¶ã Àãã ãã¦ãã Öõý the bank is adequately addressed.
½ãã¨ãã¦½ãã ¹ãÆããèãÀ¥ã Quantitative disclosures

(Á.ãÀãñü¡ ½ãò) (Rs. In Crore)
Capital requirements for credit risk:

£ããÀ ããñãäã½ã ãñ ãäÊã ¹ãîâããè ããÌãÍ¾ãã¦ãã:
Standardised Approach
½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã
Portfolios subject to standardised approach 6232.28
½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ã¶ãìÔããÀ ¹ããñÃ¹ããñãäÊã¾ããñ 6232.28
Securitisation exposures 0.00
¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãÔã¹ããñûãÀ 0.00
Total 6232.28
ãìÊã 6232.28
ºããûããÀ ããñãäã½ã ãñ ãäÊã ¹ãîâããè ããÌãÍ¾ãã¦ãã: Capital requirements for market risk:
Standardised Duration Approach
½ãã¶ãããèãð¦ã ãÌããä£ã ÒãäÓããñ¥ã
Interest rate risk 236.02
º¾ããã ªÀ ããñãäã½ã 236.02
Foreign Exchange risk (including gold) 8.82
ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã ããñãäã½ã (ÔÌã¥ãÃ ãä½ãÊãããÀ) 8.82
Equity risk 149.58
ÃãäãÌããè ããñãäã½ã 149.58
Total 394.42
ãìÊã 394.42
¹ããäÀÞããÊã¶ãØã¦ã ããñãäã½ã ãñ ãäÊã ¹ãîâããè ããÌãÍ¾ãã¦ãã: Capital requirements for operational risk
Basic indicator approach
½ãîÊã Ôãâãñ¦ãã ÒãäÓããñ¥ã
Operational Risk 511.42
¹ããäÀÞããÊã¶ãØã¦ã ããñãäã½ã 511.42
ºãöã ãñ ãäÊã ãìÊã ¹ãîâããè ã¶ãì¹ãã¦ã Total Capital Ratio for the Bank
ãìÊã ÔããèããÀããÀ 14.78% Total CRAR 14.78%
ãìÊã ÔããèããÀããÀ (ãäÌãÌãñã¹ãî¥ãÃ ¹ãÊããñÀ ãñ ã¶ãì¹ãÆ¾ããñØã ãñ ã¶ãìÔããÀ) 14.78% Total CRAR (subject to application of Prudential Floor) 14.78%
ã¾ãÀ 1 ÔããèããÀããÀ 8.67% Tier 1 CRAR 8.67%
¦ãããäÊããã ¡ãè¹ã-4 Table DF-4

CREDIT RISK : GENERAL DISCLOSURES FOR
£ããÀ ããñãäã½ã : Ôã¼ããè ºãöããò ãñ ãäÊã¾ãñ Ôãã½ãã¶¾ã ¹ãÆããèãÀ¥ã
ALL BANKS
£ããÀ ããñãäã½ã Credit Risk:
£ããÀ ããñãäã½ã ãã ¦ãã¦¹ã¾ãÃ £ããÀã¦ããÃããò ¾ãã ¹ãÆãä¦ã¹ããäàã¾ããò ããè ¨ãÉ¥ã Øãì¥ãÌã¦¦ãã Credit Risk is the possibility of losses associated
½ãâñ ÖÆãÔã ÔããäÖ¦ã Íãããä½ãÊã Öããä¶ã¾ããò ããè Ôãâ¼ããÌã¶ãã Ôãñ Öõý ºãöã ãñ ¹ããñÃ¹ããñãäÊã¾ããñ with diminution in the credit quality of borrowers or
½ãò £ããÀ ããñãäã½ã ããä£ãããâÍã¦ã: ºãöã ãñ £ããÀ ãäã¾ãããÊãã¹ããò Ôãñ ¦¹ã¸ã Öãñ¦ãã counter parties. In a Banks portfolio, Credit Risk
arises mostly from lending activities of the Bank if a
Öõ, ã¾ããòãäã £ããÀã¦ããÃ ¨ãÉ¥ãªã¦ãã ãñ ¹ãÆãä¦ã ã¹ã¶ããè ãäÌã¦¦ããè¾ã ºãã£¾ã¦ããããò ããñ ¹ãîÀã borrower is unable to meet its financial obligations
¶ãÖãé ãÀ ¹ãã¦ããý ¾ãÖ £ããÀã¦ããÃ ¾ãã ¹ãÆãä¦ã¹ããäàã¾ããò ããè £ããÀ Øãì¥ãÌã¦¦ãã / Ôããã ½ãò to the lender. It emanates from changes in the credit
Ôãâ¼ããÌ¾ã ¹ããäÀÌã¦ãÃ¶ããò Ôãñ ¦¹ã¸ã Öãñ¦ãã Öõý £ããÀ ããñãäã½ã ½ãò ããâÀ ¹ãããê quality/worthiness of the borrowers or counter parties.
ããñãäã½ã ããõÀ ªñÍã ããñãäã½ã Íãããä½ãÊã Ööý Credit risk includes counterparty risk and country risk.
£ããÀ ÀñãäâØã ããõÀ ½ãîÊ¾ããâã¶ã ¹ãÆãäã¾ãã Credit rating and Appraisal Process:
The Bank manages its credit risk through continuous
ºãöã ¹ãÆ¦¾ãñã £ããÀã¦ããÃ ããõÀ ¹ããñÃ¹ããñãäÊã¾ããñ Ô¦ãÀ ¹ãÀ ããñãäã½ã ãñ ãä¶ãÀ¶¦ãÀ measuring and monitoring of risks at obligor
¹ãÆºããñ£ã¶ã ããõÀ Ôããñ ½ãã¹ã¶ã Ôãñ ã¹ã¶ãñ £ããÀ ããñãäã½ã ãã ¹ãÆºãâ£ã¶ã ãÀ¦ãã Öõý (borrower) and portfolio level. The Bank has a robust
ºãöã ½ãò ½ããºãî¦ã ããâ¦ããäÀã £ããÀ ÀñãäâØã ¹ãÆñ½ãÌããÃ ããõÀ ÔãìÔ©ãããä¹ã¦ã ½ãã¶ãããèãð¦ã internal credit rating framework and well-established
£ããÀ ½ãîÊ¾ããâã¶ã / ã¶ãì½ããñª¶ã ¹ãÆãäã¾ãã Öõý £ããÀ ÀñãäâØã ã ¦¹ãÆñÀã ¹ãÆãäã¾ãã standardized credit appraisal / approval process.
Öõ ããñ ºãöã ãñ ¹ãÆÔ¦ããÌã ½ãò ãä¶ããäÖ¦ã Øãì¥ããò ããõÀ ãÌãØãì¥ããò ãã ½ãîÊ¾ããâã¶ã ãÀ¶ãñ ½ãò Credit rating is a facilitating process that enables
the bank to assess the inherent merits and demerits
ÔãÖã¾ãã Öãñ¦ããè Öõý ¾ãÖ ãä¶ã¥ãÃ¾ã Êãñ¶ãñ ½ãò ÔãÖã¾ãã Ôãã£ã¶ã Öõ ããñ ãäãÔããè £ããÀ of a proposal. It is a decision enabling tool that
125
¹ãÆÔ¦ããÌã ããè ÔÌããèãã¾ãÃ¦ãã ¹ãÀ ãäÌãÞããÀ ãÀ¶ãñ ½ãò ºãöã ããè ÔãÖã¾ã¦ãã ãÀ¦ããè Öõý Ôã helps the bank to take a view on acceptability or
¹ãÆãäã¾ãã ããñ ããõÀ ¼ããè ããä£ãã ãÌãÀñã ªñ¶ãñ ããõÀ Ì¾ãã¹ãã ºã¶ãã¶ãñ ãñ ÿñÍ¾ã Ôãñ otherwise of any credit proposal. In order to widen
the scope and coverage further, the bank has started
ºãöã ¶ãñ ããä¦ããäÀã¦ã ÀñãäâØã ¹ãÆãä¦ã½ãã¶ããò ãã ¹ã¾ããñØã ÍãìÂ ãÀ ãäª¾ãã Öõ ããñ using additional rating models, which were developed
ÔÌããäÌãããäÔã¦ã Ööý Ôã½ãò Á.5 Êããã ããõÀ ÔãÔãñ ããä£ãã ãñ £ããÀ ãã¦ãñ ãÌãÀ in-house. This will cover borrower accounts of Rs.
ãäã¾ãñ ãã¾ãòØãñý 5 lacs and above.
ÀñãäâØã ½ããù¡Êã ¹ãõãÀ Øãì¥ãã¦½ãã ããõÀ ½ãã¨ãã¦½ãã, ²ããñØã ããñãäã½ã, Ì¾ãã¹ããÀ The rating models factor quantitative and qualitative
attributes relating to Risk components such as Industry
ããñãäã½ã, ¹ãÆºãâ£ã¶ã ããñãäã½ã, ãäÌã¦¦ããè¾ã ããñãäã½ã, ¹ããäÀ¾ããñã¶ãã ããñãäã½ã (ãÖãú Risk, Business Risk, Management Risk, Financial
ãÖãé ÊããØãî Öãñ) ããõÀ ÔãìãäÌã£ãã ããñãäã½ã ãããäª Ôãñ Ôãâºãâãä£ã¦ã ããâ¦ããäÀã ÀñãäâØã ãñ Risk, Project risk (where applicable) and Facility Risk
ããÀã Ööý ²ããñØã ããñãäã½ã ãäÌãÓã¾ãã ¾ãÖ ããúã¡ò ºããããÀ ããè ¹ããäÀãäÔ©ããä¦ã¾ããò ãñ etc. The data on industry risk is regularly updated
ãã£ããÀ ¹ãÀ ãä¶ã¾ã½ããä¦ã Â¹ã Ôãñ ã²ã¦ã¶ã ãäã¾ãñ ãã¦ãñ Ööý based on market conditions.
Credit rating as a concept has been well internalized
ã £ããÀ¥ãã ãñ Â¹ã ½ãò £ããÀ ÀñãäâØã ºãöã ãñ ã¶ªÀ ãÞãè ¦ãÀÖ ã¶¦ããä¶ãÃãäÖ¦ã
within the bank. As a measure of robust credit risk
Öãñ Øã¾ãã Öõý ½ããºãî¦ã £ããÀ ããñãäã½ã ¹ãÆºãâ£ã¶ã ¹ãÆãäã¾ãã ãñ ¹ãã¾ã ãñ Â¹ã ½ãò ºãöã management process, the bank has implemented a
¶ãñ ¨ãÉ¥ã ÀñãäâØã ¹ãÆãäã¾ãã ããè ã¾ãÀ ¹ãÆ¥ããÊããè ãã¾ããÃãä¶Ìã¦ã ããè Öõ ãäãÔã½ãò ãä¶ã£ããÃãäÀ¦ã tiered system for validation of credit ratings at
Ô¦ãÀãò ¹ãÀ £ããÀ ÀñãäâØã ãñ Ìãõ£ããèãÀ¥ã ãñ ãäÊã ããñ ÞÞã¦ãÀ ÒãäÓããñ¥ããò ããñ specified levels which is independent of credit
ã¹ã¶ãã¶ãñ ãñ ãäÊã ããÌãÍ¾ãã £ããÀã¦ããÃããò ãñ ãäÊã ãäºã¶ãã ãäãÔããè ¹ãàã¹ãã¦ã ãñ departments, in order to draw unbiased rating for
borrowers necessary for moving to advanced
ÀñãäâØã ãÀ¶ãñ ããè ÒãäÓ Ôãñ £ããÀ ãäÌã¼ããØã ´ãÀã ÔÌã¦ãâ¨ã Â¹ã Ôãñ ãäã¾ãã ãã¦ãã Öõý
approaches. In respect of proposals falling under
ºãöã ãñ ¹ãÆ£ãã¶ã ãã¾ããÃÊã¾ã ãñ ããä£ãããÀ ãñ ã¶ªÀ ãã¶ãñÌããÊãñ ¹ãÆÔ¦ããÌããò ãñ ãäÊã powers of Banks central office, the validations of
ÀñãäâØã ãã Ìãõ£ããèãÀ¥ã ããñãäã½ã ¹ãÆºãâ£ã¶ã ãäÌã¼ããØã ´ãÀã ãäã¾ãã ãã¦ãã Öõý ºãöã ratings are done at Risk Management Dept. The Bank
£ããÀ ãã¦ããò ¹ãÀ º¾ããã ªÀãò ãã ãä¶ã¥ãÃ¾ã ãÀ¶ãñ ãñ ãäÊã £ããÀ ÀñãäâØã ãã ¹ãÆ¾ããñØã uses credit rating for deciding interest rates on
ãÀ¦ãã Öõý £ããÀ ÀñãäâØã ãã Êãã¼ã ¾ãÖ Öõ ãäã ÔãÔãñ ããñãäã½ã ãñ ãã£ããÀ ¹ãÀ borrowal accounts. The advantage of credit rating
is that it enables to rank different proposals based
ãäÌããä¼ã¸ã ¹ãÆÔ¦ããÌããò ãã ¹ãÆÌãØããêãÀ¥ã ãäã¾ãã ãã¦ãã Öõ ããõÀ ã©ãÃ¹ãî¥ãÃ ¦ãìÊã¶ãã ããè ãã
on risk and do meaningful comparisons.
Ôãã¦ããè Öõý
The bank follows a well-defined multi layered
ºãöã ¨ãÉ¥ããò ããõÀ ããäØãÆ½ããò ããè ½ãâãîÀãè ãñ ãäÊã ã ÔãìÔ¹ãÓ ¹ããäÀ¼ãããäÓã¦ã ºãÖì discretionary power structure for sanction of loans
Ô¦ãÀãè¾ã ãäÌãÌãñãããä£ãããÀ ÔãâÀÞã¶ãã ãã ã¶ãìÔãÀ¥ã ãÀ¦ãã Öõý ¶ã / ÔãâÌããä£ãÃ¦ã and advances. Approval Grid has been constituted
¹ãÆÔ¦ããÌããò ¹ãÀ ãäÌãÞããÀ ãÀ¶ãñ ãñ ãäÊã ã¹ãÌããª ÔÌãÂ¹ã ºãü¡ãè Íããããããò / àãñ¨ããè¾ã at all levels covering Exceptionally Large branch /
RO / CO for considering fresh/enhancement proposal.
ãã¾ããÃÊã¾ããò / ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ½ãò Ôã¼ããè Ô¦ãÀãò ¹ãÀ ã¶ãì½ããñª¶ã ãäØãÆ¡ Øããä¦ã The new products introduced by bank are examined
ãäã¾ãã Øã¾ãã Öõý ºãöã ´ãÀã ããÀâ¼ã ãäã Øã ¶ã ¦¹ããªãò ãñ ã¶ãì½ããñª¶ã ãñ ãäÊã by the internal Operational Risk Management
ºããñ¡Ã ããñ ¹ãÆÔ¦ãì¦ã ãÀ¶ãñ ãñ ¹ãÖÊãñ ¶ã½ãò ãä¶ããäÖ¦ã ¹ãÆãäã¾ãã / ããñãäã½ã ãñ ãã£ããÀ Committee (ORMC), Credit Policy Committee/ Asset
¹ãÀ ½ãîÊ¾ããâã¶ã ãÀ¶ãñ ãñ ãäÊã ããâ¦ããäÀã ¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã ¹ãÆºãÆâ£ã¶ã Liability Management Committee depending upon the
type of risks involved in the new product / process
Ôããä½ããä¦ã / £ããÀ ¶ããèãä¦ã Ôããä½ããä¦ã / ãããäÔ¦ã ªñ¾ã¦ãã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã ´ãÀã ããâÞã ãÀ
before being placed to Board for approval. The
Êããè ãã¦ããè Ööý ñÔãñ ¶ã ¦¹ããªãò ãñ ãäÊã ã¶ãìÔãÀ¥ã ããè ãã¶ãñ ÌããÊããè ¹ã®ãä¦ã Ìã system and procedure committee (SAPCO) lays down
¹ãÆãäã¾ãã ãã ãä¶ã£ããÃÀ¥ã ¹ã®ãä¦ã Ìã ¹ãÆãäã¾ãã Ôããä½ããä¦ã (Ôã¹ããèÔããèããñ) ´ãÀã ãäã¾ãã the system and procedure to be followed for such
ãã¦ãã Öõý new products.
£ããÀ ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã¾ããú Credit Risk Management Policies

The bank has put in place a well-structured loan
ºãöã ¶ãñ ºããñ¡Ã ´ãÀã ã¶ãì½ããñãäª¦ã ÔãìÔãâÀãäÞã¦ã ¨ãÉ¥ã ¶ããèãä¦ã ããõÀ £ããÀ ããñãäã½ã policy and credit risk management policy duly
¹ãÆºãâ£ã¶ã ¶ããèãä¦ã ¦ãõ¾ããÀ ããè Öõý Ôã ¶ããèãä¦ã ½ãò ÔãâØã¶ã ããè ÔãâÀÞã¶ãã, ¼ãîãä½ããã ããõÀ approved by Board. The policy document defines
¦¦ãÀªããä¾ã¦Ìã ããõÀ ¶ã ¹ãÆãäã¾ããããò ãã ÊÊãñã Öõ ãÖãú ºãöã ´ãÀã ÌãÖ¶ã ãäã organization structure, role and responsibilities and
ãã¶ãñ ÌããÊãñ ¨ãÉ¥ã ããñãäã½ã ããñ ¹ãÖÞãã¶ãã ãã Ôãã¦ãã Öõ, Ôãããè ½ãã¨ãã ãã processes whereby the Credit Risk carried by the
ã¶ãì½ãã¶ã ÊãØãã¾ãã ãã Ôãã¦ãã Öõ ããõÀ ¹ãÆñ½ãÌããÃ ãñ ãâªÀ ¹ãÆºãâ£ã¶ã ãäã¾ãã ãã Bank can be identified, quantified and managed within
the framework that the Bank considers consistent
Ôãã¦ãã Öõ ãäãÔãñ ºãöã ã¹ã¶ãñ ããä£ãªñÍã ããõÀ ããñãäã½ã ÔãÖ¶ã ãÀ¶ãñ ããè àã½ã¦ãã ãñ with its mandate and risk tolerance. Credit risk is
Ôãã©ã ãä¶ãÀ¶¦ãÀ ããñãäã½ã ½ãã¶ã¦ãã Öõý £ããÀ ããñãäã½ã ãã ¹ãÆºããñ£ã¶ã ºãöã ´ãÀã monitored by the bank on a bank-wide basis and
ºãöãÌããÀ ãã£ããÀ ¹ãÀ ãäã¾ãã ãã¦ãã Öõ ããõÀ ºããñ¡Ã / ããÀ½ãÔããèºããè ´ãÀã ããñãäã½ã compliance with the risk limits approved by Board /
Ôããè½ããããò ãã ã¶ãì¹ããÊã¶ã Ôãìãä¶ããäÍÞã¦ã ãäã¾ãã ãã¦ãã Öõý Ôããè¹ããèÔããè ºãöã ããè RMCB is ensured. The CPC takes into account the
ããñãäã½ã ÌãÖ¶ã àã½ã¦ãã ããñ £¾ãã¶ã ½ãò ÀããÀ ããõÀ ¦ãª¶ãìÔããÀ ÔãìÀàãã, ¦ãÀÊã¦ãã, risk tolerance level of the Bank and accordingly
handles the issues relating to Safety, Liquidity,
ãäÌãÌãñã¹ãî¥ãÃ ½ãã¶ãª¥¡ãò, ãÔã¹ããñûãÀ Ôããè½ããããò Ôãñ Ôãâºãâãä£ã¦ã ½ãã½ãÊããò ããñ Prudential Norms and Exposure limits.
Ôãâ¼ããÊã¦ãã Öõý
126
ºãöã ½ãò ¦ãðÓ £ããÀ ããñãäã½ã ¹ãÆºãâ£ã¶ã Ì¾ãÌãÖãÀ Ô©ãããä¹ã¦ã ãÀ¶ãñ ãñ ãäÊã ¹ãã¾ã The bank has taken earnest steps to put in place
best credit risk management practices in the bank.
ãäã Ööý £ããÀ ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã ¨ãÉ¥ã ãñ ããä¦ããäÀã¦ã ãä¶ãÌãñÍã ¶ããèãä¦ã,
In addition to Loan Policy Credit Risk Management
¹ãÆãä¦ã¹ãàããè ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã ããõÀ ªñÍããè¾ã ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã ãããäª Policy the bank has also framed Investment Policy,
¦ãõ¾ããÀ ããè Öõ ããñ ºãöã ½ãò £ããÀ ããñãäã½ã ãñ ¹ãÆºããñ£ã¶ã ãã ããâ¦ããäÀã ¼ããØã Öõý Counter Party Risk Management Policy and Country
Ôããñ ããä¦ããäÀã¦ã ºãöã ¶ãñ Ôãâ¹ãããäÍÌãÃã ¹ãÆºãâ£ã¶ã ããõÀ £ããÀ ããñãäã½ã ã½ã ãÀ¶ãñ Risk Management Policy etc., which forms integral
part of monitoring of credit risk in the bank. Besides,
ããè ¶ããèãä¦ã ¼ããè ãã¾ããÃãä¶Ìã¦ã ããè ØãÃ Öõ ããñ ºãöã ´ãÀã Ôãã½ãã¶¾ã¦ã: ÔÌããèããÀ ããè the bank has implemented a policy on collateral
ãã¶ãñ ÌããÊããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò (¹ãÆ£ãã¶ã ããõÀ Ôãâ¹ãããäÍÌãÃã) ãñ ãäÌãÌãÀ¥ã ããõÀ ºãöã ãñ management and credit risk mitigation which lays
ãäÖ¦ã ããè Ààãã ãñ ãäÊã ñÔããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ¹ãÆÍããÔã¶ã ãñ ãäÌãÌãÀ¥ã ãä¶ã£ããÃãäÀ¦ã down the details of securities (both prime and
ãÀ¦ããè Öõý ¾ãñ ¹ãÆãä¦ã¼ãîãä¦ã¾ããâ ¶ã £ããÀ ããñãäã½ããò ããñ ã½ã ãÀ¦ããè Öö ããñ ºãöã ããñ collateral) normally accepted by the Bank and
administration of such securities to protect the interest
ÌãÖ¶ã ãÀ¶ãã ¹ãü¡ Ôãã¦ãã Öõý of the bank. These securities act as mitigation
against credit risk to which the bank is exposed.
£ããÀ ãä¶ãØãÀã¶ããè / ¨ãÉ¥ã ¹ãì¶ãÀãèàã¥ã / ¨ãÉ¥ã Êãñãã ¹ãÀãèàãã
Credit Monitoring/Loan Review/Credit Audit
£ããÀ ¹ãÆºããñ£ã¶ã ãäÌã¼ããØã ¨ãÉ¥ã ¹ããñÃ¹ããñãäÊã¾ããñ ããè Øãì¥ãÌã¦¦ãã ããè ãä¶ãØãÀã¶ããè ãÀ¦ãã
The Credit Monitoring Department monitors the quality
Öõ, Ôã½ãÔ¾ããããò ããè ¹ãÖÞãã¶ã ãÀ¦ãã Öõ ããõÀ ããä½ã¾ããò ããñ Ôãì£ããÀ¶ãñ ãñ ãäÊã of loan portfolio, identifies problems and takes steps
ããÌãÍ¾ãã ãª½ã ã¦ãã ÖõýãäÌã¼ããØã ãã ÿñÍ¾ã Öõ ãä¹ãÔãÊã¶ã ½ãò ã½ããè ãÀ¶ãã to correct deficiencies. The objective of the
¦ãããäã ãä¶ãÓ¹ããªã ãã¦ããò ããñ ã¶ããÃã ãã¦ãñ ½ãò ºãªÊã¶ãñ Ôãñ Àãñãã ãã Ôããñ ý department is to minimize slippage of performing
accounts to NPA category. The department is also
ãäÌã¼ããØã ´ãÀã ÔãñØã½ãòñÍã¶ã ´ãÀã ãã¦ããò ããè Ôãîà½ã ãä¶ãØãÀã¶ããè ããè ãã¦ããè Öõ ããõÀ micro monitoring the accounts by segmentation and
ãã¦ããò ãã ªõãä¶ãã ãã£ããÀ ¹ãÀ ã¶ãìÌã¦ãÃ¶ã ãäã¾ãã ãã¦ãã Öõ ¦ãããäã ãä¹ãÔãÊã¶ã ããñ follow up the accounts on a daily basis to minimize
ã½ã ãäã¾ãã ãã Ôããñ ý slippages.
All the borrowal accounts with fund based limit of
Á. 1 ãÀãñü¡ ããõÀ ÔãÔãñ ããä£ãã ãñ ãä¶ããä£ã ãã£ãããäÀ¦ã Ôããè½ããããò ÌããÊãñ Ôã¼ããè
Rs. 1 crore and above are reviewed under Loan
£ããÀ ãã¦ãñ ¨ãÉ¥ã ¹ãì¶ãÀãèàãã ¦ãâ¨ã ãñ ¦ãÖ¦ã ¹ãì¶ãÀãèãäàã¦ã ãäã ãã¦ãñ Öö ããñ ã¶ãÌãã¾ãÃ¦ã: Review Mechanism, which is essentially an off-site
ã ããù¹ã Ôãã Êãñãã ¹ãÀãèàãã ¦ãâ¨ã Öõ ý £ããÀ Êãñãã ¹ãÀãèàãã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ audit mechanism. The credit audit is carried out in
ºãöã ããõÀ Ö½ããÀñ ºãöã ããè £ããÀ ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã ´ãÀã ããÀãè £ããÀ terms of Guidance Note on Credit Risk issued by
Reserve Bank of India and the Credit Risk
ããñãäã½ã ¹ãÀ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ãäã¾ãã ãã¦ãã Öõ ý Management Policy of the Bank.
£ããÀ Êãñãã ¹ãÀãèàãã Ôãñ ºãöã ããñ £ããÀ ãã¦ããò ½ãò ÁØ¥ã¦ãã / ã½ãããñÀãè ãñ The credit audit exercise has helped the bank to
¹ãÆãÀâãä¼ãã Þãñ¦ããÌã¶ããè -Ôãâãñ¦ã ããõÀ ¶ãããè ããä½ã¾ããò ããè ¹ãÖÞãã¶ã ãÀ¶ãñ ½ãò ½ãªª identify deficiencies and early warning signals of
sickness/weakness in borrowal accounts.
ãÀ¦ãã Öõý ããä¶ãÌãã¾ãÃ¦ã: ¾ãÖ ããäØãÆ½ããò ããè Øãì¥ãÌã¦¦ãã ½ãò ãäØãÀãÌã ããñ Àãñã¶ãñ ¦ã©ãã Essentially this is an onsite audit mechanism to
Ôã ¹ãÆããÀ ºãöã ãñ ãäÖ¦ããò ããè Ààãã ãÀ¶ãñ ãñ ãäÊã ã ããù¶ã Ôãã ¹ãÆ¥ããÊããè Öõý prevent deterioration in the quality of advances
thereby protecting the interest of the bank.
ã¶ããÃã ãã¦ããò ãã ÌãØããêãÀ¥ã
Classification of non-performing accounts:
ºãöã ã¶ããÃã ãããäÔ¦ã¾ããò ãñ ÌãØããêãÀ¥ã ãñ ãäÊã Ôã½ã¾ã Ôã½ã¾ã ¹ãÀ ¼ããÀ¦ããè¾ã The bank follows the prudential guidelines issued
ãäÀûãÌãÃ ºãöã ´ãÀã ããÀãè ãäã Øã ãäÌãÌãñã¹ãî¥ãÃ ãäªÍãããä¶ãªóÍããò ãã ¹ããÊã¶ã ãÀ¦ãã by RBI on classification of non-performing assets from
Öõ ããõÀ Ôã½ã¾ã Ôã½ã¾ã ¹ãÀ ããÌãÍ¾ãã¦ãã¶ãìÔããÀ ¹ãÆãÌã£ãã¶ã ãÀ¦ãã Öõ : time to time and makes provisions as required.
127
£ããÀ ãã¦ããò ããè ¹ãì¶ãÔãÄÀÞã¶ãã Restructuring of borrower accounts
The bank has followed RBI guidelines in respect of
¹ãì¶ãÔãÄÀãäÞã¦ã ãã¦ããò ãñ ÌãØããêãÀ¥ã ãñ Ôãâºãâ£ã ½ãò ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ classification of re-structured accounts and makes
ãäªÍãããä¶ãªóÍããò ãã ã¶ãìÔãÀ¥ã ãäã¾ãã Öõ ããõÀ ¹ãÆãÌã£ãã¶ã ãäã¾ãã Öõý provisions as required.
( Á. ãÀãñü¡ãñò ½ãò ) Rs. in Crores
½ãã¨ãã¦½ãã ¹ãÆããèãÀ¥ã Ö½ããÀñ ºãöã ¹ãÀ ¹ãÆ¾ããñ¾ã¦ãã Quantitative Disclosures Applicability to our Bank
ã) ãìÊã ÔããÊã £ããÀ ããñãäã½ã ãÔã¹ããñûãÀ, ãä¶ããä£ã ãä¶ããä£ã ãã£ãããäÀ¦ã 80782.48 a) Total gross credit risk exposures, Fund FB 80782.48
ãã£ãããäÀ¦ã ããõÀ ØãõÀ ãä¶ããä£ã ãã£ãããäÀ¦ã ¹ãð©ãã-¹ãð©ãã ØãõÀ ãä¶ããä£ã ãã£ãããäÀ¦ã 16739.97 based and Non fund based separately NFB 16739.97
ã) ¹ãÆããèãÀ¥ã ãã ¼ããõØããñãäÊãã ãäÌã¦ãÀ¥ã, ãä¶ããä£ã ãã£ãããäÀ¦ã ãä¶ããä£ã ãã£ãããäÀ¦ã ØãõÀ ãä¶ããä£ã ãã£ãããäÀ¦ã b) Geographic distribution of exposures,
Fund based and Non fund based FB NFB
ããõÀ ØãõÀ ãä¶ããä£ã ãã£ãããäÀ¦ã ¹ãð©ãã-¹ãð©ãã separately
l ãäÌãªñÍããè
73025.81 15363.06
l Domestic 73025.81 15363.06
7759.67 1376.91
l ªñÍããè¾ã l Overseas 7759.67 1376.91
Øã) £ããÀ ããñãäã½ã ãã ããõ²ããñãäØãã ¹ãÆããÀ ãã ãäÌã¦ãÀ¥ã, ãä¶ããä£ã ãã£ãããäÀ¦ã c) Industry type distribution of exposures,
ããõÀ ØãõÀ-ãä¶ããä£ã ãã£ãããäÀ¦ã ãÊãØã-ãÊãØã ã¶ãìºãâãä£ã¦ã fund based and non fund based
separately. Annexed
Üã) ãããäÔ¦ã¾ããò ãã ãÌããäÍãÓ ÔãâãäÌãªãØã¦ã ¹ããäÀ¹ããÌã¦ãã ºãÆñã¡ã¶ã ã¶ãìºãâãä£ã¦ã d) Residual contractual maturity breakdown
of assets Annexed
Þã) ¶ã¹ããè (ÔããÊã) ããè ÀããäÍã e) Amount of NPAs (Gross)
l ãÌã½ãã¶ãã 1265.48 l Substandard 1265.48
l ÔãâãäªØ£ã (¡ãè1,¡ãè2,¡ãè3) 2246.84 l Doubtful (D1,D2,D3) 2246.84
l Öããä¶ã 98.76 l Loss 98.76
) ãä¶ãÌãÊã ¶ã¹ããè 1994.97 f) Net NPAs 1994.97

ã) ¶ã¹ããè ã¶ãì¹ãã¦ã g) NPA Ratios
l ÔããÊã ããäØãÆ½ã ãñ ¹ãÆãä¦ã ÔããÊã ¶ã¹ããè 4.47% l Gross NPAs to gross advances 4.47 %
l ãä¶ãÌãÊã ããäØãÆ½ã ãñ ¹ãÆãä¦ã ãä¶ãÌãÊã ¶ã¹ããè 2.52 %

2.52% l Net NPAs to net advances
ã) ¶ã¹ããè ãã ¹ãÆÞãÊã¶ã (ÔããÊã) h) Movement of NPAs (Gross)
l ¹ãÆãÀâãä¼ãã ÍãñÓã 1923.41 l Opening balance 1923.41
l ããñü¡ 3126.83 l Additions 3126.83
Reductions 1439.16
l ÜããÌã 1439.16 l
Closing balance 3611.08

l ããä¶¦ã½ã ÍãñÓã 3611.08 l
) ¶ã¹ããè ãñ ãäÊã ¹ãÆãÌã£ãã¶ããò ãã ¹ãÆÞãÊã¶ã i) Movement of provisions for NPAs
l ¹ãÆãÀâãä¼ãã ÍãñÓã l Opening balance 752.04

752.04
l Provisions made during the period 1183.66
l ãÌããä£ã ãñ ªãõÀã¶ã ãäã Øã ¹ãÆãÌã£ãã¶ã 1183.66
l Write off 571.91
l ºãáñ ãã¦ãñ ½ãò ¡ãÊãã Øã¾ãã 571.91
l Write back of excess provisions -
l ããä¦ããäÀã¦ã ¹ãÆãÌã£ãã¶ããò ãã ¹ãÆãä¦ãÊãñã¶ã -
l Closing balance 1363.79
l ããä¶¦ã½ã ÍãñÓã 1363.79
j) Amount of Non-Performing Investments 4.11
) ã¶ããÃã ãä¶ãÌãñÍããò ããè ÀããäÍã 4.11
k) Amount of provisions held for non-
¡) ã¶ããÃã ãä¶ãÌãñÍããò ãñ ãäÊã ãäã Øã ¹ãÆãÌã£ãã¶ããò ããè 4.11
performing investments
ÀããäÍã 4.11
l) Movement of provisions for depreciation
ü¤) ãä¶ãÌãñÍããò ¹ãÀ ½ãîÊ¾ã ÖÆãÔã ãñ ãäÊã ¹ãÆãÌã£ãã¶ã ãã ¦ããÀ- on investments
Þãü¤ãÌã 342.82
l Opening Balance
l ¹ãÆãÀâãä¼ãã ÍãñÓã 342.82 l Provisions made during the period 141.08
l ãÌããä£ã ãñ ªãõÀã¶ã ãäã Øã ¹ãÆãÌã£ãã¶ã 141.08 l Write-off 0.00
l ºãáñ ãã¦ãñ ½ãò ¡ãÊãã Øã¾ãã 0.00 l Write-back of excess provisions 249.33
l ããâ¦ããäÀã ¹ãÆãÌã£ãã¶ããò ãã ¹ãÆãä¦ãÊãñã¶ã 249.33 234.57
l Closing Balance
l ããä¶¦ã½ã ÍãñÓã 234.57
128
ãããäÔ¦ã¾ããò ãã ãÌããäÍãÓ ÔãâãäÌãªãØã¦ã ¹ããäÀ¹ããÌã¦ãã ºãÆñã¡ã¶ã Residual contractual Maturity break down of Assets
(Á.ãÀãñü¡ãò ½ãò) (Rs. In crores)
ãäª¶ã 1 2-7 ãäª 8-14 ãäª 15-28 29ãäª - 3-6 ½ã 6½ã - 1 >1 Ôãñ > 3 Ôãñ > 5 ÌãÓãÃ Day 1 2-7 D 8-14 D 15-28D 29D-3M 3-6M 6M-1 >1 to 3 >3 to 5 >5 years
Year Years years
ãäª 3 ½ã ÌãÓãÃ 3 ÌãÓãÃ 5 ÌãÓãÃ
4224.27 6844.10 7324.65 2263.97 7795.39 9763.13 13317.47 42139.68 10376.94 77222.11 4224.27 6844.10 7324.65 2263.97 7795.39 9763.13 13317.47 42139.6810376.94 77222.11
ªñÍããè¾ã ¹ããäÀÞããÊã¶ã ãñ ãäÊã ÔããÊã ãããäÔ¦ã¾ããò ããè ãÌãÀñã Covers Gross Assets for domestic operations
²ããñØãÌããÀ ¨ãÉ¥ã ¹ãÆããèãÀ¥ã INDUSTRY WISE EXPOSURES

(Á.ãÀãñü¡ãò ½ãò) (Rs. In Crore)
²ããñØã ãã ¶ãã½ã ºããã¾ãã Industry Name Outstanding

Coal 106.58
ããñ¾ãÊãã 106.58
Mining 469.19
ãã¶ã 469.19
Iron and Steel 4452.25
ÊããõÖ ããõÀ Ô¹ãã¦ã 4452.25
Other Metal and Metal Products 886.35
ã¶¾ã £ãã¦ãì Ìã £ãã¦ãì ¦¹ããª 886.35
All Engineering 2295.28
Ôã¼ããè ¶ããèãä¶ã¾ããäÀâØã 2295.28 Of which Electronics 79.33
Ôã½ãò Ôãñ ÊãñãÈããä¶ããÔã 79.33 Electricity 208.77
ÊãñãäãÈãèãäÔããè 208.77 Cotton Textiles 2915.07
Ôãî¦ããè ÌãÔ¨ã ²ããñØã 2915.07 Jute Textiles 19.91
ãî ÌãÔ¨ã ²ããñØã 19.91 Other Textiles 1302.20
ã¶¾ã ÌãÔ¨ã ²ããñØã 1302.20 Sugar 777.32
Þããè¶ããè 777.32 Tea 19.93
Þãã¾ã 19.93 Food Processing 331.04
ãã²ã ÔãâÔãã£ã¶ã 331.04 Vegetable Oils and Vanaspati 139.03
Ìã¶ãÔ¹ããä¦ã ¦ãñÊã ããõÀ Ìã¶ãÔ¹ããä¦ã 139.03 Tobacco and Tobacco Products 41.59
¦ã½ºãããî ããõÀ ¦ã½ºãããî ¦¹ããª 41.59 Paper and Paper Products 1080.96
ããØãã ããõÀ ããØãã ¦¹ããª 1080.96 Rubber and Rubber Products 466.89
Àºãü¡ ããõÀ Àºãü¡ ¦¹ããª 466.89 Chemicals, Dyes, Paints, etc. 1658.14
ÀÔãã¾ã¶ã, ¡ã, ¹ãñ¶Ôã ãããäª 1658.14 Of which Fertilisers 24.94
¶ã½ãò Ôãñ ÌãÀÃã 24.94 Of which Petro-Chemicals 6.13
¶ã½ãò Ôãñ ¹ãñÈãñ ÀÔãã¾ã¶ã 6.13 Of which Drugs and Pharmaceuticals 100.25
¶ã½ãò Ôãñ ããõÓããä£ã ããõÀ ¹ãã½ããÃÔ¾ãìãäãÊã 100.25 Cement 679.10
Ôããè½ãò 679.10 Leather and Leather Products 209.92
Þã½ãü¡ã ããõÀ Þã½ãü¡ã ²ããñØã 209.92 Gems and Jewellery 286.84
ºãÖì½ãîÊ¾ã À¦¶ã Ìã ãã¼ãîÓã¥ã 286.84 Construction 1963.44
ãä¶ã½ããÃ¥ã 1963.44 Petroleum 521.99
¹ãñÈãñãäÊã¾ã½ã 521.99 Automobiles including trucks 901.44
ããùãñ½ããñºããÊã ãäãÔã½ãò Èã ¼ããè Íãããä½ãÊã Öõ 901.44 Computer Software 162.19
ã½¹¾ãîÀ Ôããùû¹ãÌãñ¾ãÀ 162.19 Infrastructure 9688.44
¶¹ãÆãÔÈãÞãÀ 9688.44 Of which Power 1157.67
¶ã½ãò Ôãñ Íããäã¦ã 1157.67 Of which Telecommunications 1373.27
¶ã½ãò Ôãñ ªîÀ ÔãâÞããÀ 1373.27 Of which Roads & Ports 1293.72
¶ã½ãò Ôãñ Àãñ¡ ããõÀ ¹ããñ¦ã 1293.72 Other Industries 4992.24
ã¶¾ã ²ããñØã 4992.24 NBFCs & Trading 1727.84
¶ãºããè¹ãÔããèÔã ããõÀ Ì¾ãã¹ããÀ 1727.84 Residual Advances to
ÍãñÓã ÔããÊã ããäØãÆ½ããò ãñ ¹ãÆãä¦ã ãÌããäÍãÓ ããäØãÆ½ããò 42478.53 Balance Gross Advances 42478.53
ãìÊã 80782.48 TOTAL 80782.48
129
¦ãããäÊããã ¡ãè ¹ã-5 Table DF-5
£ããÀ ããñãäã½ã: ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ããè Íã¦ãÃ ¹ãÀ ¹ããñÃ¹ããñãäÊã¾ããñ ãñ CREDIT RISK: DISCLOSURES FOR PORTFOLIOS
ãäÊã ¹ãÆããèãÀ¥ã SUBJECT TO THE STANDARDISED APPROACH
£ããÀ ããñãäã½ã : ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ããè Íã¦ãÃ ¹ãÀ ¹ããñÃ¹ããñãäÊã¾ããñ Credit Risk: Disclosures for portfolios subject
ãñ ãäÊã ¹ãÆããèãÀ¥ã to Standardised Approach:
Ôãã½ãã¶¾ã ãäÔã®ã¶¦ã General Principle:
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºãõâã ¶ãñ £ããÀ ããñãäã½ã ãñ In accordance with the RBI guidelines, the Bank has
ãäÊã ¹ãîâããè ãñ ¹ããäÀãÊã¶ã Öñ¦ãì ¶ãÃ ¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã ¹ãÆñ½ãÌããÃ (¶ãÔããè¹ã) ãñ adopted Standardised Approach of the New Capital
Adequacy Framework (NCAF) for computation of
½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ããñ ã¹ã¶ãã ãäÊã¾ãã Öõý ¹ãîúããè ãñ ¹ããäÀãÊã¶ã ½ãò ºãõâã ¶ãñ
capital for credit risk. In computation of capital the
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã ã¶ãìÔããÀ ããñãäã½ã ¼ããÀãò ããñ ãäÌããä¼ã¸ã bank has assigned risk weight to different asset
ãããäÔ¦ã ¹ãÆÌãØããô ½ãò ããºãâãä¦ã ãÀ ãäª¾ãã Öõý classes as prescribed by the RBI.
ºããÖÀãè £ããÀ ÀñãäâØã External Credit Ratings:

Ratings of borrowers by External Credit Rating Agencies
¶ãÃ ¹ãîâããè ¹ã¾ããÃ¹¦ã¦ãã ¹ãÆñ½ãÌããÃ (ºãñÔãÊã II) ãñ ãã¾ããÃ¶Ìã¾ã¶ã ãñ ãäÊã ãäªÍãããä¶ãªóÍããò (ECRA) assumes importance in the light of Guidelines
ããñ ªñã¦ãñ Öì ºããÖÀãè £ããÀ ÀñãäâØã ãñãä¶Ôã¾ããò (ÃÔããèããÀ) ´ãÀã £ããÀã¦ããÃããò for implementation of the New Capital Adequacy
ããè ÀñãäâØã ãã ½ãÖ¦Ìã ºãü¤ Øã¾ãã Öõý ºããÖÀãè ÀñãäâØã ãñ ãã£ããÀ ¹ãÀ ãã¹ããóÀñ / Framework (Basel-II). Exposures on Corporates / PSEs/
¹ããèÔãÃ / ¹ãÆã½ãÀãè ¡ãèÊãÀãò ããñ ãÔã¹ããñûãÀ ããñ ããñãäã½ã ¼ããÀ ããºãâãä¦ã ãäã¾ãã Primary Dealers are assigned with risk weights based
Øã¾ãã Öõý Ôããñ ãäÊã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ¶ãñ ºãöããò ããñ ÞããÀ ªñÍããè¾ã ÃÔããèããÀ on external ratings. For this purpose, the Reserve Bank
of India has permitted Banks to use the ratings of the
ãõÔãñ £ããÀ ãäÌãÍÊãñÓã¥ã Ìãâ ãäÀÔãÞãÃ ãäÊã., ãäããäÔãÊã ãäÊã., ãä¹ãÞã âãä¡¾ãã ããõÀ
four domestic ECRAs viz. Credit Analysis and Research
ããÔããèããÀ ãäÊã., ããè ÀñãäâØã ãã ¹ãÆ¾ããñØã ãÀ¶ãñ ããè ã¶ãì½ããä¦ã ªãè Öõý Ltd, CRISIL Ltd, FITCH India and ICRA Ltd.
¹ã¾ãìÃã¦ã ãäªÍãããä¶ãªóÍããò ããñ £¾ãã¶ã ½ãò Àã¦ãñ Öì ºãöã ¶ãñ ¶ã Ôã¼ããè ºããÖÀãè £ããÀ In consideration of the above, the Bank has decided
ÀñãäâØã ãñãä¶Ôã¾ããò (Ã Ôããè ããÀ )´ãÀã ããºãâãä¦ã ÀñãäâØã ããñ ÔÌããèããÀ ãÀ¶ãñ to accept the ratings assigned by all these ECRAs.
ãã ãä¶ã¥ãÃ¾ã ãäã¾ãã Öõý In order to facilitate the process of external rating
and enabling the customers to solicit external ratings
ºããÖÀãè ÀñãäâØã ããè ¹ãÆãäã¾ãã ½ãò ¦ãñããè Êãã¶ãñ ããõÀ ØãÆãÖããò ããñ ã¹ã¶ãñ ãÔã¹ããñûãÀ
for their exposure smoothly, the bank has taken the
ãñ ãäÊã ÔãÀÊã¦ãã Ôãñ ºããÖÀãè ÀñãäâØã ¹ãÆã¹¦ã ãÀ¶ãñ ½ãò ÔãÖã¾ã¦ãã ¹ãÆªã¶ã ãÀ¶ãñ ããè initiative by entering into separate MOU with all these
ÒãäÓ Ôãñ ºãöã ¶ãñ ¶ã ÞããÀãò £ããÀ ÀñãäâØã ãñãä¶Ôã¾ããò ãñ Ôãã©ã ãÊãØã Ôã½ã¢ããõ¦ãã four credit rating agencies. The agreement provides
ãã¹ã¶ã ãÀ¶ãñ ãñ ãäÊã ããÀÃÌããÃ ããè Öõý Ôã ãÀãÀ Ôãñ ºããÖÀãè £ããÀ ÀñãäâØã for extending concessional fees by the ECRAs for
ãñãä¶Ôã¾ããò ´ãÀã ºãöã ãñ ØãÆãÖããò ããè ÀñãäâØã ãñ ãäÊã ãäÀ¾ãã¾ã¦ããè ÍãìÊã ¹ãÆªã¶ã rating banks customers. The MOUs do not have
ãäã¾ãã ãã¦ãã ÖõýºãÖÀÖãÊã Ôã½ã¢ããõ¦ãã ãã¹ã¶ã ½ãò ñÔãã ããñÃ ãäÌãÍãñÓããèãÀ¥ã ¹ãºãâ£ã any exclusivity clause to deal with. Borrowers at
¶ãÖãé Öõý £ããÀã¦ããÃ ã¹ã¶ãñ ãäÌãÞããÀ Ôãñ ¶ã ÞããÀãò ãñãä¶Ôã¾ããò ½ãò Ôãñ ãäãÔããè ã their option can approach any one or more of the
above ECRAs for their rating. The Bank has only
¾ãã ããä£ãã Ôãñ ã¹ã¶ãñ ãÔã¹ããñûãÀ ããè ÀñãäâØã ãñ ãäÊã ãÖ Ôãã¦ãñ Ööý ºãöã ¶ãñ
used the solicited ratings assigned by any of the
ºããÖÀãè £ããÀ ÀñãäâØã ãñ¶Ôããè ´ãÀã ããºãâãä¦ã ãäãÔããè ¼ããè ãñ¶Ôããè ´ãÀã ãä¶ã£ããÃãäÀ¦ã ECRAs. External ratings assigned fresh or reviewed
ÀñãäâØã ãã ¹ãÆ¾ããñØã ãäã¾ãã Öõý ãä¹ãÊãñ 15 ½ãÖãè¶ããò ãñ ªãõÀã¶ã ªãè ØãÃ ¶ãÃ ¾ãã during the previous 15 months are reckoned for
¹ãì¶ãÀãèãäàã¦ã ÀñãäâØã ããñ Öãè ºãöã ´ãÀã ¹ãîâããè ãñ ããä¼ããÊã¶ã ãñ ãäÊã ãäÖÔããºã ½ãò capital computation by the bank. Wherever a
ãäÊã¾ãã ãã¦ãã Öõý ãÖãâ ãÖãé ãäãÔããè £ããÀã¦ããÃ ããñ ºããÖÀãè £ããÀ ÀñãäâØã ãñ¶Ôããè borrower possesses more than one rating from ECRAs
Ôãñ ã ¾ãã ããä£ãã ÀñãäâØã ãä½ãÊããè Öõ, ÌãÖãâ ¹ãîâããè ãñ ããä¼ããÊã¶ã ãñ ãäÊã the guidelines prescribed by the RBI are followed
as regards to assignment of risk weight for
ããñãäã½ã ¼ããÀ ãñ ããºãâ¶ã ãñ Ôãâºãâ£ã ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãä¶ã£ããÃãäÀ¦ã
computation of capital.
ãäªÍãããä¶ãªóÍããò ãã ã¶ãìÔãÀ¥ã ãäã¾ãã ãã¶ãã Öõý
The bank has a well structured internal credit rating
ãäãÔããè £ããÀã¦ããÃ Ôãñ ãìü¡ãè ÖìÃ £ããÀ ããñãäã½ã ãã ½ãîÊ¾ããâã¶ã ãÀ¶ãñ ãñ ãäÊã mechanism to evaluate the credit risk associated with
ºãöã ½ãò ÔãìÔãâÀãäÞã¦ã ãã¶¦ããäÀã £ããÀ ÀñãäâØã ¹ãÆ¥ããÊããè Öõ ããõÀ ¦ãª¶ãìÔããÀ ¹ãÆÔ¦ããÌããò a borrower and accordingly the systems are in place
for taking credit decision as regards the acceptability
130
ããè ÔÌããèãã¾ãÃ¦ãã ããõÀ ãÔã¹ããñûãÀ ãã Ô¦ãÀ ¦ã©ãã ããè½ã¦ã ãä¶ã£ããÃÀ¥ã ãñ Ôãâºãâ£ã ½ãò of proposals and level of exposures and pricing.
£ããÀ ãä¶ã¥ãÃ¾ã Êãñ¶ãñ ãñ ãäÊã ¼ããè ¹ãÆ¥ããÊããè Öõý ºãÖÀÖãÊã, ¹ãîâããè ¹ããäÀãÊã¶ã ãñ However, such rating cannot be used for application
of risk weight under Standardised Approach of capital
½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¦ãÖ¦ã ããñãäã½ã ¼ããÀ ãñ ã¶ãì¹ãÆ¾ããñØã ãñ ãäÊã Ôã
computation. Accordingly the bank has taken into
¹ãÆããÀ ããè ÀñãäâØã ãã ¹ãÆ¾ããñØã ¶ãÖãé ãäã¾ãã ãã Ôãã¦ããý ¦ãª¶ãìÔããÀ ºãöã ¶ãñ, 31- consideration the borrowers loan exposure credit
03-2010 ¦ãã £ããÀ ããñãäã½ã ãñ ãäÊã ¹ãîâããè ãã ¹ããäÀãÊã¶ã ãÀ¦ãñ Ôã½ã¾ã, ratings assigned by the approved ECRAs while
ºãöã ããè ã¶ãì½ããñãäª¦ã ºããÖÀãè £ããÀ ÀñãäâØã ãñãä¶Ôã¾ããò ´ãÀã ããºãâãä¦ã £ããÀã¦ããÃ computing the capital for credit risk as on 31.03.2010
ããè ¨ãÉ¥ã ãÔã¹ããñûãÀ ÀñãäâØã ããñ ãã¹ããóÀñ ããõÀ ¹ããèÔãÃ ãñ ¦ãÖ¦ã ãäÊã¾ãã Öõý under corporate and PSE segments
ãã¹ããóÀñ / ¹ããèÔãÃ ãñ ãäÌãÍãñÓã ãä¶ãØãÃ½ããò ½ãò ºãöã ãñ ãä¶ãÌãñÍã ãñ ½ãã½ãÊãñ ½ãò In case of banks investment in particular issues of
corporates / PSEs the issue specific rating of the
ã¶ãì½ããñãäª¦ã ºããÖÀãè £ããÀ ÀñãäâØã ãñ¶Ôããè ããè ãäãÔããè ãä¶ãØãÃ½ã ãäÌãÍãñÓã ãñ ãäÊã
approved ECRAs are reckoned and accordingly the
ÀñãäâØã ããñ ÔãâØããä¥ã¦ã ãäã¾ãã ãã¦ãã Öõ ããõÀ ¦ãª¶ãìÔããÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ risk weights have been applied after a corresponding
ãäªÍãããä¶ãªóÍããò ½ãò ªãè ØãÃ ÀñãäâØã ÔãñÊã ããè Ôã½ãÌã¦ããê ãäÌã¦¦ããè¾ã ãäÔ©ããä¦ã ãñ ºããª mapping to rating scale provided in RBI guidelines.
ããñãäã½ã ¼ããÀ ãã ã¶ãì¹ãÆ¾ããñØã ãäã¾ãã ãã¦ãã Öõý
For the purpose of capital computation of overseas
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ãäÌãªñÍã ½ãò ãäª Øã £ããÀãò exposures, ratings assigned by the international
ãñ ¹ãîâããè ¹ããäÀãÊã¶ã ãñ ÿñÍ¾ã Ôãñ ãä¹ãÞã, ½ãî¡ãèÔã ããõÀ Ôö¡¡Ã ¥¡ ¹ãîÀ rating agencies namely Fitch, Moodys and Standard
& Poors is used, whichever is available, as per RBI
ã¶¦ãÀÀãÓÈãè¾ã ÀñãäâØã ãñãä¶Ôã¾ããò, ããñ ¼ããè ¹ãÊãº£ã Öãñ, ´ãÀã ããºãâãä¦ã ÀñãäâØã
guidelines.
ãã ¹ãÆ¾ããñØã ãäã¾ãã Øã¾ãã Öõý
As regards the coverage of exposures in India by
½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¦ãÖ¦ã ¹ãîâããè ãñ ¹ããäÀãÊã¶ã ãñ ã¶ãìÂ¹ã ºããÖÀãè ÀñãäâØã external ratings as relevant for capital computation
´ãÀã ¼ããÀ¦ã ½ãò ãÔã¹ããñûãÀ ãñ ãÌãÀñã ãñ Ôãâºãâ£ã ½ãò ¹ãÆãäã¾ãã ããñ £ããÀã¦ããÃããò under Standardised Approach, the process needs
ãñ ºããèÞã ¹ãÆÞããäÊã¦ã ãäã¾ãã ãã¶ãã Öõ ¦ãããäã ã¹ã¶ãñ ØãÆãÖããò ããè ºãñÖ¦ãÀ ÀñãäâØã ãñ to be popularized among the borrowers so as to
ãäÊã ¹ãÊãº£ã ¹ãîâããè ÀãÖ¦ã ãã Êãã¼ã ã¾ãã ãã Ôããñý £ããÀã¦ããÃããò ããñ ã¹ã¶ãñ take the benefit of capital relief available for better-
rated customers. The borrowers need to consider
ãÀãñºããÀ ãäÌãÔ¦ããÀ ãñ ãäÊã ã ãÌãÔãÀ ãñ Â¹ã ½ãñ ºããÛã ÀñãäâØã ¹ãÀ ãäÌãÞããÀ
the external rating as an opportunity for their business
ãÀ¶ãñ ããè ããÌãÍ¾ãã¦ãã Öö ãäãÔã½ãò ãì Ôã½ã¾ã ÊãØã Ôãã¦ãã Öõý development, which would take some time.
¹ãÆ½ãã¨ãã¦½ãã ¹ãÆããèãÀ¥ã Quantitative Disclosures
ÌãØããêãÀ¥ã ã½ã ãÀ¶ãñ ºããÖÀãè ÀñãäâØã ÀñãäâØã ¶ãÖãé Classification Exposure EAM covered Unrated
ãñ ¹ãÍÞãã¦ã ãñ ã£ããè¶ã ããè ØãÃ after Mitigation under External
ãÔã¹ããñãÀ ããÌããäÀ¦ã (EAM) Rating
(½ã) ½ã ADVANCES/ INVESTMENT
ããä Ø ãÆ ½ ã / ãä ¶ ãÌãñ Í ã Below 100% risk weight 54409.69 10106.55 44303.13
100% ããñãäã½ã ¼ããÀ Ôãñ ã½ã 54409.69 10106.55 44303.13 100% risk weight 41821.57 2541.89 39279.68
100% ããñãäã½ã ¼ããÀ 41821.57 2541.89 39279.68
More than 100% risk weight 9763.98 423.63 9340.35
100% ããñãäã½ã ¼ããÀ Ôãñ ããä£ãã 9763.98 423.63 9340.35
Deducted 0.00 0.00 0.00
Üãã¾ãã Öìãã 0.00 0.00 0.00
Total 105995.24 13072.07 92923.16
ãìÊã 105995.24 13072.07 92923.16
ã¶¾ã ãããä Ô ¦ã¾ããú OTHER ASSETS
100% ããñãäã½ã ¼ããÀ Ôãñ ã½ã 12236.96 0.00 12236.96 Below 100% risk weight 12236.96 0.00 12236.96
100% ããñãäã½ã ¼ããÀ 2995.00 0.00 2995.00 At 100% risk weight 2995.00 0.00 2995.00
100% ããñãäã½ã ¼ããÀ Ôãñ ããä£ãã 40.00 0.00 40.00 More than 100% risk weight 40.00 0.00 40.00
Üãã¾ãã Öìãã 0.00 0.00 0.00
Deducted 0.00 0.00 0.00
ãìÊã 15271.96 0.00 15271.96
Total 15271.96 0.00 15271.96
131
¦ãããäÊããã ¡ãè¹ã - 6 Table DF 6
£ããÀ ããñãäã½ã ã½ã ãÀ¶ãã : ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ãäÊã CREDIT RISK MITIGATION: DISCLOSURES
¹ãÆ ããè ãÀ¥ã FOR STANDARDISED APPROACHES
Øãì ¥ ãã¦½ãã ¹ãÆ ããè ãÀ¥ã Qualitative disclosures:
£ããÀ ããñãäã½ã ã½ã ãÀ¶ãã : ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ãäÊã Credit Risk Mitigation: Disclosures for
¹ãÆ ããè ãÀ¥ã: Standardised Approaches:
£ããÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ¹ãÀ ¶ããèãä¦ã Policy on Credit Risk Mitigation:
In line with the regulatory requirements, the bank
ãäÌããä¶ã¾ãã½ãã ã¹ãñàããããò ãñ ã¶ãìÂ¹ã Ôãâ¹ãããäÍÌãÃã ¹ãÆãä¦ã¼ãîãä¦ã ¹ãÆºãâ£ã¶ã ¦ã©ãã £ããÀ has put in place a well-articulated policy on collateral
ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ãñ ¦ãã¶ããèã ¹ãÀ ºãÖì¦ã Öãè Ô¹ãÓ ¶ããèãä¦ã ºãöã ´ãÀã ºã¶ããÃ management and credit risk mitigation techniques
ØãÃ Öõ ããñ ºãöã ãñ ½ãâ¡Êã ´ãÀã ãäÌããä£ãÌã¦ãá ã¶ãì½ããñãäª¦ã Öõý ¶ããèãä¦ã ½ãò ºãöã ´ãÀã duly approved by the banks Board. The Policy lays
¨ãÉ¥ã ªñ¦ãñ Ôã½ã¾ã Ôãã½ãã¶¾ã¦ã: ÔÌããèããÀ ããè ØãÃ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãñ ¹ãÆããÀ ¦ã©ãã Ôããñ down the type of securities normally accepted by
the bank for lending and administration/monitoring
Ôãã©ã ãìü ¡ñ Öì ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ãñ ºããÀñ ½ãò ÊÊãñã Öõ ¦ãããäã ºãöã ãñ of such securities in order to safeguard/protect the
ãäÖ¦ã ããè ÔãìÀàãã / Ààãã Öãñ ¦ã©ãã ñÔããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ãã ¹ãÆÍããÔã¶ã / ¹ãÆºããñ£ã¶ã ¼ããè interest of the bank so as to minimize the risk
Öãñý associated with it.
The main types of securities (both prime and
ºãöã ´ãÀã ÔÌããèããÀ ããè ØãÃ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò (½ãîÊã ¦ã©ãã Ôãâ¹ãããäÍÌãÃã ªãñ¶ããò) ãñ collateral) accepted by the Bank includes Banks own
¹ãÆ½ãìã ¹ãÆããÀ ½ãò ÔÌã¥ãÃ / ãã¼ãîÓã¥ã, âãäªÀã ãäÌãããÔã ¹ã¨ã, ãäãÔãã¶ã ãäÌãããÔã ¹ã¨ã, deposits, Gold/Ornaments, Indira Vikas Patras, Kisan
10 ÌãÓããê¾ã Ôãã½ãããäãã ÔãìÀàãã ¹ãÆ½ãã¥ã-¹ã¨ã, Íãñ¾ãÀ Ìã ãä¡ºãòÞãÀ, ãñâ³ ¦ã©ãã Àã¾ã Vikas Patras, 10 year Social Security Certificates,
Shares and debentures, Central and State Govt.
ÔãÀããÀ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú, ããèÌã¶ã ºããè½ãã ¹ããùãäÊããäÔã¾ããú, ½¾ãîÞ¾ãìãÊã ¹ãâ¡ ¾ãîãä¶ãò,
securities, Life Insurance Policies, Mutual Fund units,
ãÞãÊã Ôãâ¹ããä¦¦ã¾ããú, Ôãâ¾ãâ¨ã Ìã ½ãÍããè¶ãÀãè, ½ããÊã ¦ã©ãã Ìãããä¥ã¾ã ÌãÔ¦ãìú, ½ããÊã ãñ Immovable Properties, Plant and Machinery, Goods
Öã-ãäÌãÊãñã, ºãÖãèØã¦ã ¨ãÉ¥ã, ÌããÖ¶ã ¦ã©ãã ã¶¾ã ÞãÊã Ôãâ¹ããä¦¦ã¾ããú Íãããä½ãÊã Öö and Merchandise, Documents of Title to Goods, Book
ãäãÔã½ãò ºãöã ããè ã¹ã¶ããè ã½ããú ¼ããè Öö ý ºãöã ¶ãñ ãÞãÊã Ôãâ¹ããä¦¦ã¾ããò ããõÀ Ôãâ¾ãâ¨ã debts, Vehicles and other moveable assets. The
bank has also framed a well-defined policy on
¦ã©ãã ½ãÍããè¶ããäÀ¾ããò ãñ ½ãîÊ¾ããâã¶ã ¹ãÀ ÔãìÔ¹ãÓ ¶ããèãä¦ã ºã¶ããÃ Öõ ããñ ºãöã ãñ ½ãâ¡Êã valuation of immovable properties and Plant and
´ãÀã ãäÌããä£ãÌã¦ãá ã¶ãì½ããñãäª¦ã Öõ ý Machineries duly approved by Board.
½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¦ãÖ¦ã £ããÀ ããñãäã½ã ã½ã ãÀ¶ãã Credit Risk Mitigation under Standardised
Approach:
ã) ¹ãã¨ã ãäÌã¦¦ããè¾ã Ôãâ¹ãããäÍÌãÃã:
(a) Eligible Financial Collaterals:
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ÔãîãäÞã¦ãã¶ãìÔããÀ ºãöã ¶ãñ ½ãã¶ãããèãð¦ã ¹ãÆ¥ããÊããè As advised by RBI, the Bank has adopted the
ãñ ¦ãÖ¦ã £ããÀ ããñãäã½ã ã½ã ãÀ¶ãñ Ôãñ Ôãâºãâãä£ã¦ã Ì¾ãã¹ãã ¹ãÆ¥ããÊããè ã¹ã¶ãã¾ãã comprehensive approach relating to credit risk
Öõ, ãäãÔãÔãñ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ¹ãÀ ãä¶ã¾ã¦ã ½ãîÊ¾ã Ôãñ ¨ãÉ¥ã ÀããäÍã ããñ ¹ãÆ¼ããÌããè mitigation under Standardised Approach, which
allows fuller offset of securities (prime and
¤âØã Ôãñ ã½ã ãÀããñ £ããÀ ããñãäã½ããò ãñ ¹ãÆãä¦ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò (½ãîÊã ¦ã©ãã collateral) against exposures, by effectively
Ôãâ¹ãããäÍÌãÃã) ããñ Ôãâ¹ãî¥ãÃ Â¹ã Ôãñ ããù¹ãÔãñ ãÀ¶ãñ ãñ ãäÊã ã¶ãì½ããä¦ã reducing the exposure amount by the value
¹ãÆã¹¦ã Öãñ¦ããè Öõý ã¦ã: ¹ãã¨ã ãäÌã¦¦ããè¾ã Ôãâ¹ãããäÍÌãÃã ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããñ £ããÀ ascribed to the securities. Thus the eligible
financial collaterals are fully made use of to
ããñãäã½ã ¹ãîúããè ãñ ¹ããäÀãÊã¶ã ½ãò £ããÀ ÀããäÍã ããñ ã½ã ãÀ¶ãñ ãñ ãäÊã reduce the credit exposure in computation of
¹ãîÀã-¹ãîÀã ¹ã¾ããñØã ãäã¾ãã Øã¾ããý ñÔãã ãÀ¦ãñ Ôã½ã¾ã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã credit risk capital. In doing so, in line with RBI
ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÂ¹ã ºãöã ¶ãñ ãäÌããäÍãÓ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ããñ ½ãã¶¾ã¦ãã guidelines, the bank has recognized specific
ãäª¾ãã ãõÔãã ãäã ã) ºãöã ã½ããú ã) ÔÌã¥ãÃ / ãã¼ãîÓã¥ã Øã) ããèÌã¶ã ºããè½ãã securities viz (a) bank deposits (b) gold/
ornaments (c) life insurance policies (d) kisan
¹ããùãäÊãÔããè Üã) ãäãÔãã¶ã ãäÌãããÔã ¹ã¨ã (2 1/2 ÌãÓãÃ ããè Êããùã-¶ã ãÌããä£ã vikas patras (after a lock in period of 2 ½ years).
ãñ ºããª)ý
(b) On/Off Balance Sheet Nettings:
ã) ããù¶ã / ããù¹ã ¦ãìÊã¶ã ¹ã¨ã ¶ãñãäâØÔã: As per Banks policy on utilization of the credit
risk mitigation techniques and collateral
£ããÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ããè ¦ãã¶ããèã ããõÀ Ôãâ¹ãããäÍÌãÃã ¹ãÆºãâ£ã¶ã management, onbalance sheet netting has been
ãñ Ôãªì¹ã¾ããñØã ¹ãÀ ºãöã ããè ¶ããèãä¦ã ãñ ã¶ãìÔããÀ £ããÀã¦ããÃ ãñ ¨ãÉ¥ããò / reckoned to the extent of deposits available
132
ããäØãÆ½ããò ( ¨ãÉ¥ã Ôããè½ãã ¦ãã ããä£ãã¦ã½ã ) ãñ ¹ãÆãä¦ã ããù¶ã ºãõñÊãòÔã Íããè against loans/advances of the borrower
(maximum to the extent of exposure), where bank
¶ãñãäâØã ããè Øã¥ã¶ãã ããè Øã¾ããè Öõ ãÖãú ºãöã ãñ ¹ããÔã ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã
has legally enforceable netting arrangements
´ãÀã ãä¶ã£ããÃãäÀ¦ã ãäÌããä£ãã Â¹ã Ôãñ ¹ãÆÌã¦ãÃ¶ããè¾ã ¶ãñãäâØã Ì¾ãÌãÔ©ãã Öõ ãäãÔã½ãò involving specific lien with proof of
ªÔ¦ããÌãñããèãÀ¥ã ãñ Ôããà¾ããò ãñ Ôãã©ã ØãÆÖ¥ãããä£ãããÀ Íãããä½ãÊã Öõý ñÔãñ documentation as prescribed by RBI. In such
½ãã½ãÊããò ½ãñâ ¹ãîúããè ããè Øã¥ã¶ãã ãä¶ãÌãÊã £ããÀ ãñ ãã£ããÀ ¹ãÀ ããè ãã¦ããè Öõý cases the capital computation is done on the
basis of net credit exposure. In so far as off-
ãÖãú ¦ãã ããù¹ã Ôãã ºãöÊãâÔã Íããè ¶ãñãäâØã ãã Ôãâºã£ã Öõ, ¶ã¹ãÀ balance sheet netting is concerned, these are
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã Ôãñ ãäÌãÍãñÓã Â¹ã Ôãñ ã¶ãì½ããä¦ã ¹ãÆã¹¦ã Öãñ¶ãñ ¹ãÀ, covered by guarantees/credit derivatives
ØããÀâãä¾ããò / ãñãä¡ ¡ñãäÀÌãñãäÌÔã Ôãñ ãÌãÀ ¹ãÆã¹¦ã Öõý Ìã¦ãÃ½ãã¶ã ½ãò ºãöã ½ãò whenever specifically permitted by RBI.
ããñÃ ¼ããè ããù¹ã ÔããÃ ºãõÊãâÔã Íããè ¶ãñãäâØã ¶ãÖãé Öõý Presently, the bank does not have any off-
balance sheet netting.
Øã ) ¹ãã¨ã ØããÀâãä¾ããú: (c) Eligible Guarantees:
Ôãã©ã Öãè, £ããÀ ããñãäã½ã ã½ã ãÀ¶ãñ ãã ã¶¾ã ã¶ãì½ããñãäª¦ã Â¹ã ¹ãã¨ã Besides, other approved form of credit risk
ØããÀâãä¾ããâò ããè ¹ãÊãº£ã¦ãã Öõý £ããÀ ããñãäã½ã ¹ãîúããè ãñ ¹ããäÀãÊã¶ã ½ãò mitigation is availability of Eligible Guarantees.
In computation of credit risk capital the types of
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÂ¹ã ããñãäã½ã ã½ã ãÀ¶ãñ guarantees recognized for taking mitigation, in
ãñ ãäÊã ½ãã¶¾ã ØããÀâãä¾ããò ãñ ¹ãÆããÀ Ôã ¹ãÆããÀ Öö ã) ãò³ ÔãÀããÀ line with RBI guidelines are (a) Central
(0%) ã) Àã¾ã ÔãÀããÀ (20%) Øã) ÔããèããèãèÔããã (0%) Government (0%) (b) State Government (20%),
Üã) ÔããèããèÔããè (20%) Ý) Ôããã-¹ã¨ã ãñ ã£ããè¶ã ãÀãèªñ Øã / ¼ãì¶ãã (c) CGTSI (0%) (d) ECGC (20%) (e) Banks in
Øã ãäºãÊããò ãñ Â¹ã ½ãò ºãöã ØããÀâãè (ªãñ¶ããò ªñÍããè Ìãâ ãäÌãªñÍããè ºãöããò ãñ the form of Bills Purchased/discounted under
Letters of Credit (both domestic and foreign banks
ãäªÍãã-ãä¶ãªóÍã ãñ ã¶ãìÔããÀ) as per guidelines).
ºãöã ¶ãñ £ããÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ãñ ½ãã½ãÊãñ ½ãò ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ The bank has ensured compliance of legal
ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ã ãäÌããä£ãã ãä¶ããäÍÞã¦ã¦ãã ãñ ã¶ãì¹ããÊã¶ã ããñ Ôãìãä¶ããäÍÞã¦ã certainty as prescribed by the RBI in the matter
ãäã¾ãã Öõý of credit risk mitigation.
Concentration risk in credit risk mitigation:

£ããÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ½ãò Ôãâãò³ãèãÀ¥ã ããñãäã½ã
Policies and process are in place indicating the type
½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ¦ãÖ¦ã ¹ãîúããè ããè Øã¥ã¶ãã ãñ ãäÊã ºãöã ´ãÀã ¹ãÆ¾ããñØã ãñ of mitigations the bank use for capital computation
Êãã ãã ÀÖñ ããñãäã½ã ãñ ¹ãÆããÀãò ããñ ªÍããÃ¦ãñ Öì ¶ããèãä¦ã¾ããú Ìãâ ¹ãÆãäã¾ãã ¹ãÆÔ¦ãì¦ã under the Standardised approach. All types of
securities (financial collaterals) eligible for mitigation
Ööý £ããÀ ããñãäã½ã ããñ ã½ã ãÀ¶ãñ ãñ ãäÊã ¹ãã¨ã Ôã¼ããè ¹ãÆããÀ ããè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú are easily realizable financial securities. As such,
ããÔãã¶ããè Ôãñ ØããÖãè ¾ããñØ¾ã ãäÌã¦¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã¾ããú Ööý ÌãÔ¦ãì¦ã: ºãöã ½ãò £ããÀ the bank doesnt envisage any concentration risk in
ããñãäã½ã ã½ã ãÀ¶ãñ ãñ ãäÊã ããñÃ Ôãâãñ¶³ãè¾ããÀ¥ã ããñãäã½ã ¶ãÖãé Öõ ããõÀ credit risk mitigation used and presently no limit/
Ìã¦ãÃ½ãã¶ã ½ãò £ããÀ ããñãäã½ã ã½ã ãÀ¶ãñ ãñ ¦ãÖ¦ã ¹ãÆ¦¾ãñã ¹ãÆããÀ ããè Ôãâ¹ãããäÍÃÌãã ceiling has been prescribed for the quantum of each
type of collateral under credit risk mitigation.
ããè ¹ãÆ½ãã¨ãã ãñ ãäÊã ããñÃ ¨ãÉ¥ã Ôããè½ãã/Ôããè½ãã ãä¶ã£ããÃãäÀ¦ã ¶ãÖãé ããè ØãÃ Öõý
133
(Á. ãÀãñü¡ ½ãò) (Rs. In Crore)

For each separately disclosed credit risk
ãÊãØã Ôãñ ¹ãÆ¦¾ãñã ¹ãÆããèãð¦ã £ããÀ ããñãäã½ã ¹ããñÃ¹ããñãäÊã¾ããñ portfolio, the exposure (after, where
ãñ ãäÊã Öñ¾ãÀã ãñ ã¶ãì¹ãÆ¾ããñØã ãñ ºããª ¹ãã¨ã ãäÌã¦¦ããè¾ã applicable, on or off balance sheet netting)
Ôãâ¹ãããäÌãÍÃã ´ãÀã ãÌãÀ ãäã¾ãñ Øã¾ãñ ãìÊã ããñãäã½ã that is covered by Eligible Financial
(ãÖãú ÊããØãî Öãñ, ããù¶ã ¾ãã ããù¹ã ºãõÊãòÔã Íããè ¶ãñãäâØã ãñ ºããª) 11413.33 Collateral after application of haircuts 11413.33
ÔããÌãÃããä¶ãã àãñ¨ã ãñ ¹ãÆãä¦ãÓã¶ã 157.84 Public Sector Entities 157.84
ãã¹ããóÀñ 3137.33 Corporates 3137.33
ãäÌããä¶ã¾ãã½ãã ãäÀñÊã ¹ããñÃ¹ããñãäÊã¾ããñ (ããÀããÀ¹ããè) 1018.62 Regulatory Retail Portfolio (RRP) 1018.62
ããÌããÔããè¾ã ¹ããäÀÔãâ¹ã¦¦ããè ´ãÀã ÔãìÀãäàã¦ã ªãÌãã 12.29 Claims secured by Residential Property 12.29
Ìãããä¥ããä¾ãã Ô©ããÌãÀ Ôãâ¹ãªã ´ãÀã ÔãìÀãäàã¦ã ªãÌãã 34.29 Claims secured by Commercial Real Estate 34.29
¹ã¼ããñã¦ãã £ããÀ 6753.58 Consumer Credit 6753.58
¹ãîúããèØã¦ã ãäÌã¹ã¥ã¶ã ããñãäã½ã 38.86 Capital Market Exposure 38.86
¶ãºããè¹ãÔããè 3.13 NBFC 3.13
ã¶ãÃãã ãããäÔ¦ã¾ããú - ã) ããÌããÔã ¨ãÉ¥ã 0.09 Non Performing Assets a) Housing Loan 0.09
ã¶ãÃãã ãããäÔ¦ã¾ããú - ãã) ã¶¾ã 28.02 Non Performing Assets b) Others 28.02
ã¶¾ã ãããäÔ¦ã¾ããú - Ôãù¹ã ¨ãÉ¥ã 30.48 Other Assets Staff Loans 30.48
ã¶¾ã ãããäÔ¦ã¾ããú 37.92 Other Assets 37.92
¹ãì¶ãÔãÄÀãäÞã¦ã ãã¦ãã 160.58 Restructured Account 160.58
(Á. ãÀãñü¡ ½ãò) (Rs. In Crore)
ãÊãØã Ôãñ ¹ãÆ¦¾ãñã ¹ãÆããèãð¦ã £ããÀ ããñãäã½ã For each separately disclosed credit risk
portfolio, the total exposure (after, where
¹ããñÃ¹ããñãäÊã¾ããñ ãñ ãäÊã ØããÀâãä¾ããò/£ããÀ Ì¾ãì¦¹ã¸ããò
applicable, on or off balance sheet netting)
(ãºã ã¼ããè ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ãäÌãÍãñÓã Â¹ã Ôãñ that is covered by guarantees / Credit
ã¶ãì½ã¦ã Öãñ) ´ãÀã ãÌãÀ ãäã¾ãñ Øã¾ãñ ãìÊã ¨ãÉ¥ã Derivatives (whenever specifically
(ãÖãú ÊããØãî Öãñ,ããù¶ã ¾ãã ããù¹ã ºãõÊãâÔã Íããè ¶ãñãäâØã ãñ ºããª) 6470.36 permitted by RBI) 6470.36
ÔããÌãÃããä¶ãã àãñ¨ã ããè ãâ¹ã¶ããè 2490.24 Public Sector Entities 2490.24
ãã¹ããóÀñ 3641.12 Corporates 3641.12

ãäÌããä¶ã¾ãã½ãã ãäÀñÊã ¹ããñÃ¹ããñãäÊã¾ããñ (ããÀããÀ¹ããè) 286.03 Regulatory Retail Portfolio (RRP) 286.03
¹ãì¶ãÔãÄÀãäÞã¦ã ãã¦ãã 52.97 Restructured Account 52.97
134
¦ãããäÊããã ¡ãè¹ã 7 Table DF 7
SECURITISATION: DISCLOSURE FOR
¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã : ½ãã¶ãããèãð¦ã ÒãäÓããñ¥ã ãñ ãäÊã ¹ãÆããèãÀ¥ã STANDARDISED APPROACH
Øãì ¥ ãã¦½ãã ¹ãÆ ããè ãÀ¥ã Qualitative Disclosures
ã) ãä¶ã½¶ããäÊããäã¦ã ÞãÞããÃ ããñ Íãããä½ãÊã ãÀ¦ãñ 31.03.2009 ããñ Ôã½ãã¹¦ã a) The general qualitative No securitisation
disclosure requirement with for the year ended
Öì ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãñ Ôãâºãâ£ã ½ãò Ôãã½ãã¶¾ã ÌãÓãÃ ãñ ãä Ê ã ããñ Ã
respect to securitisation, 31.03.2009
Øãì¥ãã¦½ãã ¹ãÆããèãÀ¥ã ã¹ãñàãã ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ¶ãÖãé ãäã¾ãã including a discussion of:
Øã¾ãã Öõý
* ãäÌã²ã½ãã¶ã ¹ãÆãä¦ã¼ãî¦ã ûããñãäã½ããò ãñ £ããÀ * The banks objectives in
relation to securitisation
ûããñãäã½ã ããñ ¾ãñ Øããä¦ããäÌããä£ã¾ããú ãäãÔã Öª activity, including the extent
¦ãã ºãöã Ôãñ ¹ãÀñ ã¶¾ã ãã¾ããò ããñ to which these activities
ãâ¦ããäÀ¦ã ãÀ¦ããè Öö Ôã Öª ¦ãã ¶Öò transfer credit risk of the
underlying securitised
Íãããä½ãÊã ãÀ¦ãñ Öì½ãì ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ããè exposures away from the
Øããä¦ããäÌããä£ã ãñ Ôãâºã£ã ½ãò ºãöã ãã ÿñÍ¾ãý bank to other entities.
* The roles played by the
* ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ¹ãÆãäã¾ãã ½ãò ºãöã ããè
bank in securitisation
¼ãîãä½ããã ããõÀ ÔãÔãñ Ôãâºãâãä£ã¦ã ¹ãÆ¦¾ãñã ãã¾ãÃ process and an indication
½ãò ºãöã ãñ Íãããä½ãÊã Öãñ¶ãñ ãñ ºããÀñ ½ãò ÔãîÞã¶ãã of the extent of the banks
ããõÀ involvement in each of
them, and
* ã¹ã¶ãñ ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãã¾ãÃ ãñ ãäÊã ºãöã * The regulatory capital
´ãÀã ã¹ã¶ãã¾ããè Øã¾ããè ãäÌããä¶ã¾ãã½ãã ¹ãîúããè approach that the bank
follows for its securitisation
ÒãäÓããñ¥ã activities.
ã) ãä¶ã½¶ããäÊããäã¦ã ããñ Íãããä½ãÊã ãÀ¦ãñ Öì b) Summary of the banks

accounting policies for
¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãã¾ããô ãñ ãäÊã ºãöã ´ãÀã securitisation activities,
ã¹ã¶ãã¾ããè ØãÃ Êãñããâã¶ã ¶ããèãä¦ã¾ããò ãã ÔããÀ including :
* Recognition of gain on sale,
* ãäºãããè ¹ãÀ Êãã¼ã ããè ¹ãÖÞãã¶ã ããõÀ
and
* ¹ãÆãä¦ã£ãããäÀ¦ã ãäÖ¦ããò ãñ ½ãîÊ¾ããâã¶ã ãñ ãäÊã * Key assumption for valuing
¹ãÆ½ãìã ¹ãîÌãÃ£ããÀ¥ããú, ãäãÔã½ãò ãä¹ãÊãñ retained interests, including
any significant changes
ãäÀ¹ããñãäÄØã ãÌããä£ã ãñ ºããª ÊÊãñã¶ããè¾ã since the last reporting
¹ããäÀÌã¦ãÃ¶ã ¦ã©ãã ñÔãñ ¹ããäÀÌã¦ãÃ¶ããò ãã ¹ãÆ¼ããÌã period and the impact of
Íãããä½ãÊã Öõ such changes.
c) Names of ECAIs used for

Øã) ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãñ ãäÊã ¹ãÆ¾ããñØã ããè ØãÃ securitisations and the types
Ôããèãã ãñ ¶ãã½ã ããõÀ ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã of securitisation exposure
for which each agency is
ããñãäã½ããò ãñ ¹ãÆããÀ ãäãÔããñ ãäÊã ¹ãÆ¦¾ãñã
used.
ñãòÔããè ãã ¹ãÆ¾ããñØã ãäã¾ãã Øã¾ãã Öõ ý
Quantitative Disclosures
¹ãÆ½ãã¨ãã¦½ãã ¹ãÆããèãÀ¥ã d) the total outstanding Nil
Íãî¶¾ã exposures securitised by
Üã) ºãöã ´ãÀã ¹ãÆãä¦ã¼ãîãä¦ããð¦ã ããõÀ ããñãäã½ã the bank and subject to
¹ãÆããÀãò ãñ ûããäÀ ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ¹ãÆñ½ãÌããÃ securitisation framework by
exposure type.
ãñ Íã¦ããô ãñ ã¶ãìÔããÀ ãìÊã ºããã¾ãã
135
ããñãäã½ã e) For exposures securitised
by the Bank and subject to
thesecuritisation framework.
Ý) ºãöã ´ãÀã ¹ãÆãä¦ã¼ãîãä¦ããð¦ã ãÔã¹ããñãÀ ããõÀ
¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ¹ãÆñ½ãÌããÃ ãñ ã£ããè¶ã Êãã¾ãñ * Amount of impaired/past
due assets securitised; and
Øã¾ãñ ããñããäã½ã
* Losses recognised by the
* ãäÌã¶ãÓ / ¹ãìÀã¶ãñ ªñ¾ã ãããäÔ¦ã¾ããò ããè Bank during the current
¹ãÆãä¦ã¼ãîãä¦ããð¦ã Àã½ã ããõÀ period broken down by
exposure type
* ÞããÊãî ãÌããä£ã ãñ ªãõÀã¶ã ºãöã ´ãÀã f) Aggregate amount of
¹ãÖÞãã¶ããè ØãÃ Öããä¶ã ãäãÔãñ ãÔã¹ããñãÀ ãñ securitisation exposures
¹ãÆããÀ ãñ ã¶ãìÁ¹ã ºããú ªãè ØãÃ Öãñ retained or purchased
broken down by exposure
Þã) ¹ãÆãä¦ã£ãããäÀ¦ã ¾ãã ãÀãèªñ Øã ¹ãÆãä¦ã¼ãîãä¦ããð¦ã type
ãÔã¹ããñãÀ ããè ããõÔã¦ã Àã½ã ãäãÔãñ g) Aggregate amount of
ããñãäã½ã ãñ ¹ãÆããÀ ãñ ã¶ãìÁ¹ã ºããú ªãè securitisation exposures
retained or purchased
ØãÃ Öãñ broken down into a
meaningful number of risk
) ¹ãÆãä¦ã£ãããäÀ¦ã ¾ãã ãÀãèªñ Øã ¹ãÆãä¦ã¼ãîãä¦ããð¦ã weight bands. Exposures
ãÔã¹ããñãÀ ããè ããõÔã¦ã Àã½ã ãäãÔãñ that have been deducted
ããñãäã½ãÌããÊããè ºãö¡ ããè ã©ãÃ¹ãî¥ãÃ Ôãâ¾ãã entirely from Tier 1 capital,
credit enhancing I/Os
½ãò ãã ãäª¾ãã Øã¾ãã Öãñ ý ã¾ãÀ-ý ¹ãîúããèè
deducted from Total Capital,
Ôãñ ¹ãî À ãè ¦ãÀÖ Ôãñ Üãã ãä ª Øã and other exposures
ãÔã¹ããñãÀ, ãìÊã ¹ãîúããè Ôãñ Üãã ãäª deducted from total capital
Øã £ããÀ ºãü¤ã¶ãñ ÌããÊãñ ãã/ ããñ ããõÀ should be disclosed
separately by type of
ãìÊã ¹ãîúããè Ôãñ Üãã Øã ã¶¾ã ããñãäã½ããò underlying exposure type.
ããñ ãã£ããÀ¼ãî¦ã ãÔã¹ããñãÀ ãñ ¹ãÆããÀ ãñ
h) Summary of securitisation
ãã£ããÀ ¹ãÀ ãÊãØã Ôãñ ¹ãÆã ãÀ¶ãã
activity presenting a
ÞãããäÖý comparative position for two
years, as a part of the Notes
ã) ¦ãìÊã¶ã-¹ã¨ã ãñ ãã¦ããò ¹ãÀ ãä¹¹ããä¥ã¾ããò ãñ on Accounts to the balance
ã ¼ããØã ãñ Â¹ã ½ãò ªãñ ÌãÓããÃò ãñ ãäÊã sheet
¦ãìÊã¶ãã¦½ãã ãäÔ©ããä¦ã ¹ãÆÔ¦ãì¦ã ãÀ¶ãñ ÌããÊãñ * Total number and book
¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãã ÔããÀ value of loan assets
securitised by type of
* ¹ãÆãä¦ã¼ãîãä¦ããð¦ã ¨ãÉ¥ã ãããäÔ¦ã¾ããò ããè ãìÊã underlying assets
Ôãâ¾ãã ããõÀ ºãÖãè ½ãîÊ¾ã - ãã£ããÀ¼ãî¦ã * Sale consideration received
ãããäÔ¦ã¾ããò ãñ ¹ãÆããÀ ´ãÀã for the securitised assets
and gain/loss on sale on
* ¹ãÆãä¦ã¼ãîãä¦ããð¦ã ãããäÔ¦ã¾ããò ãñ ãäÊã ¹ãÆã¹¦ã account of securitisation;
ãäºãÆããè Àã½ã ããõÀ ¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ãñ and
ããÀ¥ã ãäºãããè ÖìÃ Öããä¶ã / Êãã¼ã : ããõÀ * Form and quantum
(outstanding value) of
* £ããÀ ÔãâÌã£ãÃ¶ã, ¦ãÀÊã¦ãã Ôã½ã©ãÃ¶ã, ¹ãÀ services provided by way of
¹ãÆãä¦ã¼ãîãä¦ããÀ¥ã ããäÔ¦ã ÔãñÌããú ãããäª ãñ credit enhancement,
liquidity support, post
´ãÀã ªãè ØãÃ ÔãñÌããããò ãã Â¹ã ¦ã©ãã ¹ãÆ½ãã¨ãã securitisation asset
(ºããã¾ãã ½ãîÊ¾ã) servicing, etc
136
Èñãä¡âØã ºãÖãè ½ãò ºããããÀ ããñãäã½ã Market Risk in Trading Book:
Øãì¥ãã¦½ãã ¹ãÆããèãÀ¥ã Qualitative disclosure:
ºããããÀ ããñãäã½ã Market Risk:
Market Risk is defined as the possibility of loss to a
ºããããÀ ããñãäã½ã ÌãÖ Öãñ¦ãã Öõ ãäãÔãÔãñ ºãöã ããñ º¾ããã ªÀò, ãäÌãªñÍããè ½ãì³ã bank in balance sheet position caused by changes/
ãäÌããä¶ã½ã¾ã ªÀò, ÃãäãÌããè ããè½ã¦ãò ¦ã©ãã ¹ã¥¾ã ããè½ã¦ãò ãõÔãñ ºããããÀ ÌãñãäÀ¾ããäºãÊÔã movements in market variables such as interest rate,
´ãÀã ¦¹ã¸ã ¹ããäÀÌã¦ãÃ¶ã / Øããä¦ã ãñ ããÀ¥ã ºãõÊãòÔã Íããè ããè ãäÔ©ããä¦ã ½ãò Öããä¶ã Öãñ¶ãñ foreign currency exchange rate, equity prices and
ããè Ôãâ¼ããÌã¶ãã Öõý ºããããÀ ããñãäã½ã Ôãñ ºãöã ãã ãÔã¹ããñãÀ Èñãä¡âØã ºãìã commodity prices. Banks exposure to market risk
arises from domestic investments (interest related
(¹ãÔã ¦ã©ãã ÖñÞã¹ããè ÌãØããô ªãñ¶ããò ) ½ãò ªñÍããè ãä¶ãÌãñÍããò (º¾ããã Ôãâºãâãä£ã¦ã instruments and equities) in trading book (Both AFS
ãäÊãã¦ããò ¦ã©ãã ÃãäãÌããä¾ããò), ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã ãäÔ©ããä¦ã¾ããò (ºãÖì½ãîÊ¾ã £ãã¦ãìããò and HFT categories), the Foreign Exchange positions
½ãò ãìÊããè ãäÔ©ããä¦ã ¾ããäª ããñÃ Öãñ, ããñ Íãããä½ãÊã ãÀ¦ãñ Öì) ¦ã©ãã Èñãä¡âØã Ôãñ (including open position, if any, in precious metals)
Ôãâºãâãä£ã¦ã ãä¡ÀñÌãñãäºÔã Ôãñ ¦¹ã¸ã Öãñ¦ãã Öõý ºããããÀ ããñãäã½ã ¹ãÆºãâ£ã¶ã ãã ÿñÍ¾ã and trading related derivatives. The objective of the
market risk management is to minimize the impact
ããÃ¶ã ¹ãÀ Öããä¶ã ããõÀ ºããããÀ ããñãäã½ã ½ãò ¦¹ã¸ã ÃãäãÌããè ¹ãîâããè ããñ ã½ã ãÀ¶ãã of losses on earnings and equity capital arising from
Öõ ý market risk.
ºããããÀ ããñãäã½ã ãñ ¹ãÆºãâ£ã¶ã ãñ ãäÊã ¶ããèãä¦ã¾ããú Policies for management of market risk:
The bank has put in place Board approved Market
ºãöã ½ãò ºããããÀ ããñãäã½ã ãã ¹ãÆ¼ããÌã¹ãî¥ãÃ ¹ãÆºãâ£ã¶ã ãäã ãã¶ãñ ãñ ãäÊã ¹ãÆ¼ããÌã
Risk Management Policy and Asset Liability
ºãöã ¶ãñ ºããñ¡Ã ´ãÀã ã¶ãì½ããñãäª¦ã ºããûããÀ ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã ããõÀ ãããäÔ¦ã Management (ALM) policy for effective management
ªñ¾ã¦ãã ¹ãÆºãâ£ã¶ã (Êã½ã) ããñ ÊããØãî ãäã¾ãã Öõý ããñãäã½ã ¹ãÆºãâ£ã¶ã Ôãñ ¼ããè of market risk in the bank. Other policies which
Ôãâºãâãä£ã¦ã ã¶¾ã ¶ããèãä¦ã¾ããú, ãä¶ããä£ã ¹ãÆºãâ£ã¶ã Ìã ãä¶ãÌãñÍã ¶ããèãä¦ã, ¡ñãäÀÌãñãäÌã ¶ããèãä¦ã, also deal with market risk management are Funds
Management and Investment Policy, Derivative Policy,
ãäÌãªñÍããè ¹ããäÀÞããÊã¶ããò ãñ ãäÊã ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã ããõÀ ÔÈñÔã ñãäÔâØã
Risk Management Policy for forex operations, and
¶ããèãä¦ã Ööý ºããããÀ ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã, ºããããÀ ããñãäã½ã ¹ãÆºãâ£ã¶ã ãã¾ããô Stress testing policy. The market risk management
ããõÀ ¹ãÆãäã¾ããããò ãñ ãäÊã ÔãìÔ¹ãÓ ÔãâØã¶ãã¦½ãã Â¹ãÀñãã ãä¶ã£ããÃãäÀ¦ã ãÀ¦ããè Öõ policy lays down well defined organization structure
ãäãÔãÔãñ ºãöã ´ãÀã ÌãÖ¶ã ãäã Øã ããñãäã½ã ãñ ¦ãÖ¦ã Êã½ã ¹ãÆñ½ãÌããÃ ãñ for market risk management functions and processes
whereby the market risks carried by the bank are
ã£ããè¶ã ºãöã ´ãÀã ãäÊã ãã ÀÖñ ºããããÀ ããñãäã½ã ãã ¹ãÖÞãã¶ã, ½ãîÊ¾ããâã¶ã,
identified, measured, monitored and controlled within
ãä¶ãØãÀã¶ããè Ìã ãä¶ã¾ãâ¨ã¥ã ãäã¾ãã Øã¾ããý ºããããÀ ããñãäã½ã ãñ ¹ãÆ¼ããÌããè ¹ãÆºãâ£ã¶ã Öñ¦ãì the ALM framework, consistent with the Banks risk
ããõÀ ãäÞã¦ã ãããäÔ¦ã ªñ¾ã¦ãã ¹ãÆºãâ£ã¶ã ãñ ûããäÀ ºããûããÀ ããñãäã½ã Ôãñ ¹ãÆã¹¾ã Êãã¼ã tolerance. The policies set various risk limits for
¹ãÀ ºãöã ããè ã¹ãñàããããò ãñ ã¶ãìÂ¹ã ¹ããäÀÞããÊã¶ããò ããñ Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ effective management of market risk and ensuring
that the operations are in line with Banks expectation
ãäÊã Ôã ¶ããèãä¦ã ½ãò ãäÌããä¼ã¸ã ããñãäã½ã Ôããè½ããú Øããä¦ã Ööñý ¶ããèãä¦ã ½ãò ºããããÀ
of return to market risk through proper Asset Liability
ããñãäã½ã ãñ ¹ãÆ¼ããÌããè ¹ãÆºããñ£ã¶ã ãñ ãäÊã ãäÀ¹ããñãäÄØã ¹ãÆñ½ãÌããÃ ããñ ¼ããè Ôãâ¼ããÊãã Management. The policies also deal with the
Øã¾ãã Öõý reporting framework for effective monitoring of market
risk.
Êã½ã ¶ããèãä¦ã ½ãò ãäÌãÍãñÓã Â¹ã Ôãñ ¦ãÀÊã¦ãã ããñãäã½ã ¹ãÆºãâ£ã¶ã ¦ã©ãã º¾ããã ªÀ
The ALM policy specifically deals with liquidity risk
ããñãäã½ã ¹ãÆºãâ£ã¶ã ¹ãÆñ½ãÌããÃ ãã ÊÊãñã Öõý ¶ããèãä¦ã ´ãÀã ãäÊÊããäã¦ãã¶ãìÔããÀ management and interest rate risk management
¦ãÀÊã¦ãã ããñãäã½ã ãã ¹ãÆºãâ£ã¶ã, ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ãä¶ã£ããÃãäÀ¦ãã¶ãìÔããÀ framework. As envisaged in the policy, liquidity risk
ÔãîÞã¶ãã ¡ãùã ãÌãÀñã ããè ¦¦ã½ã ¹ãÊãº£ã¦ãã ãñ ãã£ããÀ ¹ãÀ ªõãä¶ãã ãã£ããÀ ¹ãÀ is managed through GAP analysis based on residual
ãããäÔ¦ã ããõÀ ªñ¾ã¦ããããò ãñ ãÌããäÍãÓ ¹ããäÀ¹ããÌã¦ãã / ¹ãÆÌãðãä¦¦ãã¶¾ã ¹ã®ãä¦ã ããñ maturity/behavioral pattern of assets and liabilities
on daily basis based on best available information
ãã£ããÀ ºã¶ãããÀ ããè¹ããè ãäÌãÍãÊãñÓã¥ã ãñ ããäÀ ãäã¾ãã ãã¦ãã Öõý ºãöã ¶ãñ ãÊ¹ããÌããä£ã data coverage as prescribed by RBI. The bank has
Øããä¦ãÍããèÊã ¦ãÀÊã¦ãã ¹ãÆºãâ£ã¶ã ¦ã©ãã ããããäÔ½ãã ãä¶ããä£ã ¾ããñã¶ãã ãã ¹ãã¾ã ºã¶ãã¾ãã put in place mechanism of short-term dynamic liquidity
Öõý ãìÍãÊã ãããäÔ¦ã ªñ¾ã¦ãã ¹ãÆºãâ£ã¶ã ãñ ãäÊã ãäÌããä¼ã¸ã ãÌããäÍãÓ ¹ããäÀ¹ããÌã¦ãã ããñ management and contingent funding plan.
Ôãâ¼ããÊã¶ãñ ãñ ãäÊã ãäÌãÌãñã¹ãî¥ãÃ (ªãÀ¦ãã) Ôããè½ããú ãä¶ã£ããÃãäÀ¦ã ããè ØãÃ Ööý ºãöã Prudential (tolerance) limits are prescribed for different
residual maturity time buckets for efficient asset
ããè ¦ãÀÊã¦ãã ¹ãÆãñ¹ããÊã ããñ ãäÌããä¼ã¸ã ¦ãÀÊã¦ãã ã¶ãì¹ãã¦ããò ãñ ããäÀ ½ãîÊ¾ããâãäã¦ã liability management. Liquidity profile of the bank is
ãäã ãã¦ãñ Ööý ºãöã ¶ãñ ãäÌããä¼ã¸ã ããããäÔ½ãã ¹ãã¾ããò ãã Øã¶ã ãäã¾ãã Öõý ¦ãÀÊã¦ãã evaluated through various liquidity ratios. The bank
ãäÔ©ããä¦ã ½ãò ãäãÔããè ¹ãÆããÀ ãñ ¦ã¶ããÌã ããñ Ôãâ¼ããÊã¶ãñ ãñ ãäÊã ºãöã ªñÍããè ÈñãÀãè has also drawn various contingent measures to deal
´ãÀã ãä¶ããä£ã ãñ Ì¾ãÌããäÔ©ã¦ã ¦ã©ãã ãäÔ©ãÀ ãä¶ã¾ããñã¶ã ãñ ããäÀ ¹ã¾ããÃ¹¦ã ¦ãÀÊã¦ãã ããñ with any kind of stress on liquidity position. Bank
ensures adequate liquidity management by Domestic
Ôãìãä¶ããäÍÞã¦ã ãÀ¦ãã Öõý
137
º¾ããã ªÀ ããñãäã½ã ãã ¹ãÆºãâ£ã¶ã ªÀ ããäÔ©ãÀ ãããäÔ¦ã¾ããò Ìãâ ªñ¾ã¦ããããò ãñ Treasury through systematic and stable funds
planning.
ããè¹ããè ãäÌãÍÊãñÓã¥ã ãñ ¹ãÆ¾ããñØã ãñ ûããäÀ Öãñ¦ãã Öõ ããõÀ Ôãããè ãä¶ãØãÀã¶ããè
ãä¶ã£ããÃãäÀ¦ã ãäÌãÌãñã¹ãî¥ãÃ (£ããÀ¦ãã) Ôããè½ããããò ãñ ûããäÀ Öãñ¦ãã Öõý Íãñ¾ãÀ£ããÀããò Interest rate risk is managed through use of GAP
analysis of rate sensitive assets and liabilities and
ãñ ½ãîÊ¾ã ããñ ºãü¤ã¶ãñ ããè ÒãäÓ Ôãñ ãä¶ãÌãÊã º¾ããã ãã¾ã ããõÀ ÃãäãÌããè ãñ monitored through prudential (tolerance) limits
ãããä©ãÃã ½ãîÊ¾ã ¹ãÀ ¹ãÆ¼ããÌã ããñ ãä¶ã£ããÃãäÀ¦ã ãÀ¶ãñ ãñ ãäÊã ºãöã ããñãäã½ã ¹ãÀ prescribed. The bank estimates earnings at risk and
ããÃ¶ã ¦ã©ãã ½ãããä¡¹ãõ¡ ¡¿ãîÀñÍã¶ã Øãõ¹ã ãã ¹ãÆããÊã¶ã ãÀ¦ãã Öõý modified duration gap periodically for assessing the
impact on Net Interest Income and Economic Value
ãããäÔ¦ã-ªñ¾ã¦ãã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã (ããùÊãããñ) / ºããñ¡Ã, ºãöã ´ãÀã ãä¶ã¾ã¦ã ãäÌãÌãñã¹ãî¥ãÃ of Equity with a view to optimize shareholder value.
Ôããè½ããããò ãñ ã¶ãì¹ããÊã¶ã ãã ¹ãÆºããñ£ã¶ã ãÀ¦ãã Öõ ããõÀ Êã½ã ¶ããèãä¦ã ½ãò Ô¹ãÓ The Asset-Liability Management Committee (ALCO)
ã¶ãìÔããÀ ºããããÀ ãäÔ©ããä¦ã¾ããò (Ìã¦ãÃ½ãã¶ã ¦ã©ãã ¹ãÆ¦¾ãããäÍã¦ã) ãñ ã¶ãìÂ¹ã À¥ã¶ããèãä¦ã / Board monitors adherence of prudential limits fixed
ãä¶ã£ããÃãäÀ¦ã ãÀ¦ãã Öõý ÈñûãÀãè ãäÌã¼ããØã ½ãò ãã¾ãÃÀ¦ã ½ã£¾ã ãã¾ããÃÊã¾ã Ôã½ãîÖ ¼ããè by the Bank and determines the strategy in the light
of the market conditions (current and expected) as
ãäÌãÌãñã¹ãî¥ãÃ Ôããè½ããããò ãñ ã¶ãì¹ããÊã¶ã ããñ ãä¶ãÀâ¦ãÀ Â¹ã Ôãñ ¹ãÆºããñ£ã¶ã ãÀ¦ãã Öõý articulated in the ALM policy. The mid-office of
Treasury monitors adherence to the prudential limits
¹ãÆ½ãã¨ãã¦½ãã ¹ãÆããèãÀ¥ã on a continuous basis.
ã) ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÂ¹ã ¹ãîúããè ãñ ã¶ãìÀàã¥ã ãñ Quantitative Disclosures:
ãäÊã ºãñÔãÊã-ýý ¹ãÆñ½ãÌããÃ ãñ ½ãã¶ãããèãð¦ã ãÌããä£ã ÒãäÓããñ¥ã ãñ ã¶ãìÔããÀ In line with the RBIs guidelines, the Bank has
ºããããÀ ããñãäã½ã ãñ ãäÊã ºãöã ¶ãñ ¹ãîúããè ¹ããäÀããäÊã¦ã ãäã¾ãã Öõý 31.03.2010 computed capital for market risk as per Standardised
¦ãã ºãöã ãñ Èñãä¡âØã ºãìã ½ãò ºããããÀ ããñãäã½ã ãñ ãäÊã ¹ãîúããè ã¹ãñàããú ãä¶ã½¶ã Duration Approach of Basel-II framework for
maintaining capital. The capital requirement for
¹ãÆããÀ Öö:
market risk as on 31.3.2010 in trading book of the
bank is as under:
(Á.ãÀãñü¡ãò ½ãò)
(Rs. In crores)
ºããããÀ ããñãäã½ã ãã ¹ãÆããÀ ããñãäã½ãÌããÊããè ¹ãîúããè
Type of Risk Weighted Capital
ãããäÔ¦ã (ããäÊ¹ã¦ã) ããÌãÍ¾ãã¦ãã Market Risk Asset (Notional) requirement
º¾ããã ªÀ ããñãäã½ã 2622.42 236.02
Interest Rate Risk 2622.42 236.02
ÃãäãÌããè ãäÔ©ããä¦ã ããñãäã½ã 1662.01 149.58
Equity Position Risk 1662.01 149.58
ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã ããñãäã½ã 98.04 8.82
Foreign Exchange Risk 98.04 8.82
ãìÊã 4382.47 394.42
TOTAL 4382.47 394.42
¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã: Operational Risk:
Øãì¥ãã¦½ãã ¹ãÆããèãÀ¥ã:
Qualitative disclosures:
¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã ãã ¦ãã¦¹ã¾ãÃ ã¹ã¾ããÃ¹¦ã ¾ãã ãäÌã¹ãÊã ããâ¦ããäÀã ¹ãÆãäã¾ããããò, Operational Risk is the risk of loss resulting from
ÊããñØããò ¦ã©ãã ¹ãÆ¥ãããäÊã¾ããò ¾ãã ºããÖÀãè Üã¶ããããò ãñ ¹ãÊãÔÌãÂ¹ã Öãñ¶ãñ ÌããÊããè Öããä¶ã inadequate or failed internal processes, people and
ãã ããñãäã½ã Öõý ¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã ½ãò ãäÌããä£ãã ããñãäã½ã Íãããä½ãÊã Öö systems or from external events. Operational risk
includes legal risk but excludes strategic and
½ãØãÀ ¨ãÉ¥ã¶ããèãä¦ã Ìãâ ¹ãÆãä¦ãÓã Ôãâºãâ£ããè ããñãäã½ã Íãããä½ãÊã ¶ãÖãé Öõý reputation risk.
¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã ãñ ¹ãÆºãâ£ã¶ã ¹ãÀ ¶ããèãä¦ã¾ããú: Policies on Management of Operational risk:
ºãöã ¶ãñ ¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã ãã Øã¶ã ãäã¾ãã Öõ ããñ ºãöã ãñ The bank has framed operational risk management
ºããñ¡Ã ´ãÀã ãäÌããä£ãÌã¦ãá ã¶ãì½ããñãäª¦ã Öõý ¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã ãñ ãäÊã ºãöã policy duly approved by the Board. Other policies
ãñ ºããñ¡Ã ´ãÀã ã¹ã¶ãã¾ããè Øã¾ããè ã¶¾ã ¶ããèãä¦ã¾ããú: (ã) ÔãîÞã¶ãã ¹ãÆ¥ããÊããè ÔãìÀàãã adopted by the Board which deal with management
of operational risk are (a) information systems
¶ããèãä¦ã (ã) ¹ããñÀñãÔã ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã (Øã) ã¹ã¶ãñ ØãÆãÖã ããñ ãã¶ãò security policy (b) forex risk management policy (c)
(ãñÌããÔããè) ããõÀ £ã¶ã Íããñ£ã¶ã ãä¶ãÌããÀã (½ãÊã) ãã¾ãÃãäÌããä£ã¾ããò ¹ãÀ ¶ããèãä¦ãØã¦ã Policy document on know your customer (KYC) and
ªÔ¦ããÌãñã (Üã) ããäÌãÀã½ã ãããè ããÀãñºããÀ ¦ã©ãã Ôãâã ãä¶ãÌããÀ¥ã ¾ããñã¶ãã Anti-Money Laundering (AML) procedures (d) IT
Business continuity and disaster recovery plan (IT_BC-
(ãããè-ºããèÔããè-¡ãèããÀ¹ããè) Ý) ã¶ãì¹ããÊã¶ã ¶ããèãä¦ã ããõÀ Þã) ãäÌã¦¦ããè¾ã ÔãñÌããããò
DRP) (e) compliance policy and (f) policy on
ããè ããÔããóãäÔãâØã ¹ãÀ ¶ããèãä¦ãý outsourcing of Financial Services.
138
ºãöã ´ãÀã ã¹ã¶ããÃ ØãÃ ¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã ¹ãÆºãâ£ã¶ã ¶ããèãä¦ã, ¹ããäÀÞããÊã¶ãã¦½ãã The operational risk management policy adopted by
the Bank outlines organization structure and detail
ããñãäã½ã ãñ ¹ãÆºãâ£ã¶ã ãñ ãäÊã ÔãâØã¶ãã¦½ãã ÔãâÀÞã¶ãã ¦ã©ãã ãäÌãÔ¦ãð¦ã ¹ãÆãäã¾ããããò
processes for management of operational risk. The
ããè Â¹ãÀñãã ºã¦ãã¦ããè Öõý ¶ããèãä¦ã ãã ½ãîÊã ÿñÍ¾ã ºãöã ããè ããñãäã½ã ¹ãÆºãâ£ã¶ã basic objective of the policy is to closely integrate
¹ãÆãäã¾ããããò ½ãò ¼ãîãä½ãããããò ãñ Ô¹ãÓ ãä¶ã¾ã¦ã¶ã ãñ ããäÀ ¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã operational risk management processes of the bank
ããñ ¹ãÆ¼ããÌããè ¤âØã Ôãñ ¹ãÖÞãã¶ã¶ãñ, ãä¶ã£ããÃãäÀ¦ã ãÀ¶ãñ, ¹ãÆºããñãä£ã¦ã ãÀ¶ãñ ¦ã©ãã ãä¶ã¾ãâãä¨ã¦ã by clearly assigning roles for effectively identifying
assessing, monitoring and controlling or mitigating
¾ãã ã½ã ãÀ¶ãñ ããõÀ ¼ããõãä¦ãã ¹ããäÀÞããÊã¶ãã¦½ãã Öããä¶ã¾ããò ÔããäÖ¦ã ¹ããäÀÞããÊã¶ãã¦½ãã operational risk and by timely reporting of operational
¨ãÉ¥ã ããñãäã½ããò ããè Ôã½ã¾ã ¹ãÀ ãäÀ¹ããñãäÄØã ãñ ´ãÀã ºãöã ãñ ¹ããäÀÞããÊã¶ãã¦½ãã risk exposures including material operational losses.
ããñãäã½ã ¹ãÆºãâ£ã¶ã ¹ãÆ¥ããÊããè ããñ ããèãð¦ã ãÀ¶ãã Öõý ºãöã ½ãò ¹ããäÀÞããÊã¶ãã¦½ãã Operational risk in the bank are managed through
ããñãäã½ã ããñ Ì¾ãã¹ãã ¦ã©ãã ÔãìÔ¹ãÓ ããâ¦ããäÀã ãä¶ã¾ãâ¨ã¥ã ¹ãÆñ½ãÌããÃ ãñ ´ãÀã comprehensive and well-articulated internal control
framework.
Ôãâ¼ããÊãã ãã¦ãã Öõý
The Bank has got embodied in its Book of Instructions
ºãöã ¶ãñ ã¹ã¶ããè ã¶ãìªñÍã ¹ãìÔ¦ãã ½ãò ãäÌããä¼ã¸ã ¹ããäÀÞããÊã¶ããò ãñ ãäÊã ÔãìÔ¹ãÓ well-defined systems and procedures for various
operations. The bank has issued detailed guidelines
¹ã®ãä¦ã¾ããâ Ìãâ ¹ãÆãäã¾ããâ ºã¶ãã Àããè Ööý ºãöã ¶ãñ ã½¹¾ãîÀãèãð¦ã ¹ããäÀÞããÊã¶ããò ããñ for handling computerized operations and a system
Ôãâ¼ããÊã¶ãñ ãñ ãäÊã ãäÌãÔ¦ãð¦ã ãäªÍãããä¶ãªóÍã ããÀãè ããè Öõ ããõÀ ãä¶ã£ããÃãäÀ¦ã ¹ã®ãä¦ã¾ããòñ of EDP audit is in place to ensure adherence to the
ããõÀ ¹ãÆãäã¾ããããò ãã ¹ããÊã¶ã Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ ãäÊã Ã¡ãè¹ããè Êãñãã ¹ãÀãèàãã laid down systems and procedures. The Bank has
Ô©ãããä¹ã¦ã Öõý ºãöã ½ãò ã½ãÃÞãããäÀ¾ããò ãñ ãäÌããä¼ã¸ã Ô¦ãÀãò ããè ¼ãîãä½ããã ãñ ºããÀñ ½ãò clear guidelines as to the role functions of various
levels of employees. A training system with provision for
Ô¹ãÓ ãäªÍãããä¶ãªóÍã Ööý £ããÀ, ¹ããÀñãÔã ããõÀ ã¶¾ã ãã¾ãÃàãñ¨ããò ½ãò ãäÌãÍãñÓã giving specialized training in credit /forex and other
¹ãÆãäÍãàã¥ã ªñ¶ãñ ãñ ãäÊã ¹ãÆãäÍãàã¥ã ¹ãÆ¥ããÊããè Öõý Ôã¼ããè ã½ãÃÞãããäÀ¾ããò ãñ ãäÊã functional area is in place. Conduct rules and service
ããÞããÀ ãä¶ã¾ã½ã Ìã ÔãñÌãã ãäÌããä¶ã¾ã½ã ¼ããè ¹ãÊãº£ã Ööý regulations for all the employees are also in place.
Various internal and external audit systems are in
ãä¶ã£ããÃãäÀ¦ã ¹ã®ãä¦ã¾ããò ããõÀ ¹ãÆãäã¾ããããò ãã ã¶ãìÔãÀ¥ã Ôãìãä¶ããäÍÞã¦ã ãÀ¶ãñ ãñ place to ensure that laid down systems and
ãäÊã ãäÌããä¼ã¸ã ãã¶¦ããäÀã ããõÀ ºããÛã Êãñãã ¹ãÀãèàãã ¹ãÆ¥ãããäÊã¾ããâ Öö ããõÀ ããä½ã¾ããò procedures are followed and timely actions are
ããñ Ôãì£ããÀ¶ãñ ãñ ãäÊã Ôã½ã¾ã ¹ãÀ ããÀÃÌããÃ ããè ãã¦ããè Öõý initiated for rectifying the deficiencies.
The Bank has put in place compliance policy duly
ºãöã ¶ãñ ºããñ¡Ã ´ãÀã ã¶ãì½ããñãäª¦ã ã¶ãì¹ããÊã¶ã ¶ããèãä¦ã ããñ ã¹ã¶ãã¾ãã Öõý ºãöããò ½ãò approved by Board. In terms of the RBI guidelines
ã¶ãì¹ããÊã¶ã ãã¾ããô ¹ãÀ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ãñ ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ºãöã on compliance functions in banks the bank has
¶ãñ ãñ¶³ãè¾ã ãã¾ããÃÊã¾ã ½ãò ããÀãñºããÀ Ôã½ãîÖ Ôãñ ãÊãØã ã¶ãì¹ããÊã¶ã ãäÌã¼ããØã established separate Compliance Department in
C.O. independent of business group. Compliance
Ô©ãããä¹ã¦ã ãäã¾ãã Öõý ¹ãÆ¦¾ãñã Íãããã / ãäÌã¼ããØã / ãã¾ããÃÊã¾ã ½ãò ã¶ãì¹ããÊã¶ã ãñ Ô¦ãÀ officers are designated in each branch /department/
ããè ãä¶ãØãÀã¶ããè ãñ ãäÊã ã¶ãì¹ããÊã¶ã ããä£ãããÀãè ¹ãª¶ãããä½ã¦ã ãäã Øã Ööý office to monitor the level of compliance. The
ã¶ãì¹ããÊã¶ã Ô¦ãÀ ãñ ½ãîÊ¾ããâã¶ã ãñ ãäÊã ¹ãÆãäã¾ãã Ìã ¹ãÆ¥ãããäÊã¾ããâ ¦ãõ¾ããÀ ããè ØãÃ methodologies and system have been devised and
put in place for assessment of level of compliance.
Ööý ã¶ãì¹ããÊã¶ã ãã¾ããô ãñ ãäÊã ãäÀ¹ããñãäÄØã ¹ãÆ¥ããÊããè ¼ããè ¦ãõ¾ããÀ ããè ØãÃ Öõ ããõÀ Reporting systems on compliance function have been
¹ããÊã¶ã ããè ãã ÀÖãè Öõý devised and put in place.
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ããÀãè ãäã Øã ãâãä¦ã½ã ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ In line with the final guidelines issued by RBI our
bank is adopting the Basic Indicator Approach for
Ö½ããÀã ºãöã ºãñãäÔãã ãä¥¡ãñÀ ÒãäÓããñ¥ã ã¹ã¶ãã ÀÖã Öõý ãäªÍãããä¶ãªóÍããò ãñ computing capital for operational risk. As per the
ã¶ãìÔããÀ, ºãöã ãñ ¹ããÔã ¹ããäÀÞããÊã¶ã ããñãäã½ã ãñ ãäÊã ¹ãîâããè ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ guidelines the banks must hold capital for operational
ºãöã ´ãÀã ºã¦ããÃ ØãÃ ÔãããÀã¦½ãã ÌãããäÓãÃã ÔããÊã ãã¾ã ãñ 15% ãñ ãä¹ãÊãñ risk equal to the average over the previous three
¦ããè¶ã ÌãÓããô ãñ ããõÔã¦ã ãñ ºãÀãºãÀ ããè ¹ãîúããè Öãñ¶ããè ÞãããäÖý years of 15% of positive annual gross income as
defined by RBI.
¹ãÆ½ãã¨ãã¦½ãã ¹ãÆããèãÀ¥ã Quantitative disclosures
In line with final guidelines issued by RBI, our Bank
¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ããÀãè ãâãä¦ã½ã ãäªÍãããä¶ãªôÍããò ãñ ã¶ãìÂ¹ã Ö½ããÀñ ºãöã
has adopted the Basic Indicator Approach for
¶ãñ ¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã ãñ ãäÊã ¹ãîúããè ãñ ¹ããäÀãÊã¶ã Öñ¦ãì ºãñãäÔãã âãä¡ãñÀ computing capital for Operational Risk. As per the
¹ãÆ¥ããÊããè ããñ ã¹ã¶ãã¾ãã Öõý ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÔããÀ ¹ããäÀÞããÊã¶ãã¦½ãã ããñãäã½ã guidelines, the capital for Operational Risk is equal
ãñ ãäÊã ¹ãîúããè, ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ¹ããäÀ¼ãããäÓã¦ã ÔãããÀã¦½ãã ÌãããäÓãÃã to the average over the previous three years of 15%
of positive annual Gross Income as defined by RBI.
ÔããÊã ãã¾ã ãñ 15% ãñ ãä¹ãÊãñ ¦ããè¶ã ÌãÓããô ãñ ããõÔã¦ã ãñ Ôã½ãã¶ã Öõý Ôã As per such estimate, the capital requirement for
¹ãÆããÀ ãñ ¹ãÆãããÊã¶ã ãñ ã¶ãìÔããÀ ãäª¶ããâã 31.03.2010 ¦ãã ¹ããäÀÞããÊã¶ãã¦½ãã Operational Risk as on 31.03.2010 is Rs. 511.42
ããñãäã½ã ãñ ãäÊã ¹ãîúããè ããÌãÍ¾ãã¦ãã Á.511.42 ãÀãñü¡ Öõý crores.
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ºãöãäãâØã ºãÖãè ½ãò º¾ããã ªÀ ããñãäã½ã: Interest rate risk on the Banking Book:
º¾ããã ªÀ ããñãäã½ã ÌãÖ ããñãäã½ã Öãñ¦ãã Öõ ãÖãú ºããããÀ º¾ããã ªÀ ½ãò ¹ããäÀÌã¦ãÃ¶ã Interest rate risk is the risk where changes in the
market interest rates might affect a banks financial
ºãöã ããè ãäÌã¦¦ããè¾ã ãäÔ©ããä¦ã ããñ ¹ãÆ¼ãããäÌã¦ã ãÀ Ôãã¦ãã Öõý º¾ããã ªÀãò ½ãò Öãñ¶ãñÌããÊãñ condition. Changes in interest rates may affect both
¹ããäÀÌã¦ãÃ¶ã ÞããÊãî ããÃ¶ã (¹ããäÀ¹ãÆñà¾ã ããÃ¶ã) ¦ã©ãã ºãöã ãñ ¶ãñÌã©ãÃ (¹ããäÀ¹ãÆñà¾ã the current earnings (earnings perspective) as also
ãããä©ãÃã ½ãîÊ¾ã) ªãñ¶ããò ããñ ¹ãÆ¼ãããäÌã¦ã ãÀ Ôãã¦ãã Öõý ¹ããäÀ¹ãÆñà¾ã ããÃ¶ã ãñ the net worth of the Bank (economic value
ããñãäã½ã ããñ ãä¶ãÌãÊã º¾ããã ãã¾ã (¶ããããã) ¾ãã ãä¶ãÌãÊã º¾ããã ½ãããäãÃ¶ã perspective). The risk from earnings perspective can
(¶ããã½ã) ¹ãÀ ¹ãü¡¶ãñ ÌããÊãñ ¹ãÆ¼ããÌã ãñ ã¶ãìÔããÀ ½ãã¹ãã ãã Ôãã¦ãã Öõý Ôããè be measured as impact on the Net Interest Income
¹ãÆããÀ ¹ããäÀ¹ãÆñà¾ã ãããä©ãÃã ½ãîÊ¾ã ãñ ããñãäã½ã ããñ ÃãäãÌããè ãñ ãããä©ãÃã ½ãîÊ¾ã ½ãò (NII) or Net Interest Margin. Similarly the risk from
economic value perspective can be measured as
Öãñ¶ãñ ÌããÊãñ ÜããÌã Ôãñ ½ãã¹ãã ãã Ôãã¦ãã Öõý drop in Economic Value of Equity.
ãÊ¹ããÌããä£ã (ããÃ¶ã ¹ããäÀ¹ãÆñà¾ã) ¦ã©ãã ªãèÜããÃÌããä£ã ãããä©ãÃã ½ãîÊ¾ã ¹ããäÀ¹ãÆñà¾ã Ôãñ The bank identifies the risks associated with the
ºãöãäãâØã ºãìã ½ãò ããù¶ã ºãõÊãòÔã Íããè ¦ã©ãã ããù¹ã ºãöÊãòÔã Íããè ããñãäã½ããò ¹ãÀ changing interest rates on its on-balance sheet and
¹ããäÀÌã¦ãÃ¶ãÍããèÊã º¾ããã ªÀãò ãñ Ôãã©ã ãìü¡ñ ããñãäã½ããò ããñ ºãöã ¹ãÖÞãã¶ã¦ãã Öõý off-balance sheet exposures in the banking book from
ãã¾ã ¹ãÀ ¹ãÆ¼ããÌã ããñ ºãöã ããè Êã½ã ¶ããèãä¦ã ½ãò ãä¶ã£ããÃãäÀ¦ãã¶ãìÔããÀ 100 ºããè¹ããèÔã a short term (Earnings perspective) and long term
Economic Value Perspective. The impact on income
¹ãÀ ããäÊ¹ã¦ã ªÀ ¹ãÆÜãã¦ã (Íããùã) ããñ ÊããØãî ãÀãñ ããè¹ããè ãäÌãÍÊãñÓã¥ã ãñ ¹ãÆ¾ããñØã
(Earnings Perspective) is measured through use of
Ôãñ ½ãã¹ã¦ãã Öõý ñÔãñ ¹ãÆ¼ããÌããò ãñ ãäÊã ºãöã ãñ ¶ããããã ããè ¹ãÆãä¦ãÍã¦ã¦ãã ãñ GAP analysis by applying notional rate shock upto
ã¶ãìÔããÀ ãäÌãÌãñã¹ãî¥ãÃ Ôããè½ããú ãä¶ã£ããÃãäÀ¦ã ããè ØãÃ Öö ããõÀ Ôããã ¹ãÆºããñ£ã¶ã 100bps as prescribed in the banks ALM Policy.
ããÌããä£ãã Â¹ã ½ãò ãäã¾ãã ãã¦ãã Öõý ããÃ¶ã ¹ãÀ ¹ãÆ¼ããÌã ãñ ¹ããäÀãÊã¶ã ãñ ãäÊã, Prudential limits have been prescribed for such
ªÀ ÔãâÌãñãäª¦ãã ãäÌãÌãÀ¥ã Ôãñ ¹ããÀâ¹ããäÀã ããè¹ããè ããñ ãäÊã¾ãã ãã¦ãã Öõ ããõÀ ãäÌãÍãñÓã impacts as a percentage of NII of the bank and the
ãÌããä£ã ãñ ½ã£¾ã Ôãñ ÍãñÓã Ôã½ã¾ããÌããä£ã ãñ ãã£ããÀ ¹ãÀ º¾ããã ªÀ ½ãò 100 ºããè¹ããèÔã same is monitored periodically. For the calculation
of impacts on earnings, the Traditional Gap is taken
¦ãã ãñ ¹ããäÀÌã¦ãÃ¶ã ãñ ¹ãÆ¼ããÌã ããñ ¹ããäÀããäÊã¦ã ãäã¾ãã ãã¦ãã Öõý ªÀ ÔãâÌãñª¶ãÍããèÊã from the Rate sensitivity statement and based on
ãäÌãÌãÀ¥ã Ôãñ ¹ããÀâ¹ããäÀã ããè¹ããè ããñ ãäÊã¾ãã ãã¦ãã Öõ ããõÀ ãäÌãÍãñÓã Ôã½ã¾ããÌããä£ã ãñ the remaining period from the mid point of a particular
ºããèÞã ãñ ¹ããâ Ôãñ ºãÞããè ÖìÃ ãÌããä£ã ãñ ãã£ããÀ ¹ãÀ 100 ºããè¹ããèÔã ¦ãã º¾ããã bucket the impact for change in interest rate upto
ªÀ ½ãò ¹ããäÀÌã¦ãÃ¶ã ãñ ¹ãÆ¼ããÌã ããñ ¹ããäÀããäÊã¦ã ãäã¾ãã ãã¦ãã Öõý Ôããè ããñ ããùÊãããñ 100 bps is arrived at. The same is reported to Board
¦ã©ãã ºããñ¡Ã ããñ ããÌããä£ãã ¦ããõÀ ¹ãÀ ªÀ ÔãâÌãñª¶ãÍããèÊã ãäÌãÌãÀ¥ã ÔããäÖ¦ã ãäÀ¹ããñÃ and ALCO periodically along with the rate sensitivity
ãäã¾ãã ãã¦ãã Öõý ¨ãÉ¥ã Ôããè½ããããò ããñ ãä¹ãÊãñ ÌãÓãÃ ãñ ¶ããããã ãñ ãã£ããÀ ¹ãÀ statement. The limits are fixed on the basis of
previous years NII.
ãä¶ã¾ã¦ã ãäã¾ãã ãã¦ãã Öõý
The bank has adopted traditional gap analysis
ºãöã ¶ãñ ÃãäãÌããè ãñ ãããä©ãÃã ½ãîÊ¾ã (ãããä©ãÃã ½ãîÊ¾ã ¹ããäÀ¹ãÆñà¾ã) ¹ãÀ ¹ãÆ¼ããÌã combined with duration gap analysis for assessing
(¹ãÆãä¦ãÍã¦ã¦ãã ãñ Â¹ã ½ãò) ãñ ãä¶ã£ããÃÀ¥ã ãÀ¶ãñ ãñ ãäÊã 200 ºããè¹ããèÔã ¹ãÀ the impact (as a percentage) on the Economic Value
ããäÊ¹ã¦ã ªÀ ¹ãÆÜãã¦ã ããñ ÊããØãî ãÀãñ ¹ããÀâ¹ããäÀã ããè¹ããè ãäÌãÍÊãñÓã¥ã ããñ ãâ¦ãÀãÊã of Equity (Economic Value Perspective) by applying
ããè¹ããè ãäÌãÍãÊãñÓã¥ã ãñ Ôãã©ã ãä½ãÊãããÀ ã¹ã¶ãã¾ãã Öõý Ôã ¹ãÆ¾ããñã¶ã ãñ ãäÊã a notional interest rate shock of 200 bps. For the
purpose a limit of (+/-) 1% for modified duration
ºãöã ããè Êã½ã ¶ããèãä¦ã ½ãò ¦ãìÊã¶ã ¹ã¨ã ¹ãÀ ããÍããñãä£ã¦ã ãâ¦ãÀãÊã ããè¹ããè ãñ
gap is prescribed in the Banks ALM policy and the
ãäÊã (+/-) 1.00% ããè Ôããè½ãã ãä¶ã£ããÃãäÀ¦ã Öõ ããõÀ Ôãããè ãäÔ©ããä¦ã ããñ ããÌããä£ãã position is monitored periodically. The bank
Â¹ã Ôãñ ¹ãÆºããñãä£ã¦ã ãäã¾ãã ãã¦ãã Öõý ºãöã ããÍããñãä£ã¦ã ¡¿ãîÀñÍã¶ã Øãõ¹ã ããõÀ ÃãäãÌããè calculates Modified Duration Gap and the impact on
¹ãÀ ãããä©ãÃã ½ãîÊ¾ã ¹ãÆ¼ããÌã ãã ¹ããäÀãÊã¶ã ãÀ¦ãã Öõý ãããäÔ¦ã¾ããò, ãä¶ãÌãñÍããò ããõÀ Economic Value of Equity. Assets excluding
ªñ¾ã¦ããããò ããñ ãñ¡ãÀ ªÀ ÔãâÌãñª¶ãÍããèÊã ãäÌãÌãÀ¥ã ãñ ã¶ãìÔããÀ Ôã½ãîÖºã® Öö investment and liabilities are grouped as per rate
ããõÀ ¶ã ãããäÔ¦ã Ìã ªñ¾ã¦ãã Ôã½ãîÖãò ãñ ãäÊã Ôãã½ãã¶¾ã ¹ããäÀ¹ããÌã¦ãã, ãî¹ã¶ã Ìã sensitivity statement and bucket-wise modified
duration is computed for these groups of Assets and
¹ãÆãä¦ã¹ãÊã ½ãã¶ãª¥¡ãò ãã ¹ãÆ¾ããñØã ãÀãñ Ôã½ã¾ãÌããÀ (ºããñ) ããÍããñãä£ã¦ã ãâ¦ãÀãÊã Liabilities using common maturity, coupon and yield
ãã ¹ããäÀãÊã¶ã ãäã¾ãã ãã¦ãã Öõý ãä¶ãÌãñÍã ¹ããñÃ¹ããñãäÊã¾ããñ ãñ ãäÊã ¹ãÆ¦¾ãñã ½ãª ãñ parameters. For investment portfolio the modified
ããÍããñãä£ã¦ã ãâ¦ãÀãÊã ããñ ¹ããäÀããäÊã¦ã ãÀãñ ãäÊã¾ãã ãã¦ãã Öõý ºãöã ½ãò ¡ãèããè¹ããè duration of individual items are computed and taken.
ããñ ½ãÖãè¶ãñ ½ãò ã ºããÀ ¹ããäÀããäÊã¦ã ãäã¾ãã ãã¦ãã Öõ ããõÀ ããùÊããñ ããñ ãäÀ¹ããñÃ The DGAP is calculated by the Bank once a month
ãäã¾ãã ãã¦ãã Öõý and is reported to ALCO.
The Asset-Liability Management Committee (ALCO)
ãããäÔ¦ã-ªñ¾ã¦ãã ¹ãÆºãâ£ã¶ã Ôããä½ããä¦ã (ããùÊããñ) / ºããñ¡Ã ºãöã ´ãÀã ãä¶ã¾ã¦ã ãäÌãÌãñã¹ãî¥ãÃ
/ Board monitors adherence to the prudential limits
Ôããè½ããããò ãñ ã¶ãì¹ããÊã¶ã ãã ¹ãÆºããñ£ã¶ã ãÀ¦ãã Öõ ããõÀ ºããããÀ ãäÔ©ããä¦ã ( ÞããÊãî fixed by the bank and determines the strategy in
¦ã©ãã ¹ãÆ¦¾ãããäÍã¦ã) ããè ÒãäÓ ½ãò À¥ã¶ããèãä¦ã ãä¶ã£ããÃãäÀ¦ã ãÀ¦ãã Öõý the light of market conditions (current and expected)
140
ã) ãä¶ãÌãÊã º¾ããã ãã¾ã (¶ã ãã ãã) ããõÀ ÃãäãÌããè ãñ ãããä©ãÃã ½ãîÊ¾ã The impact of changes of Net Interest Income (NII)
and Economic Value of Equity (EVE) calculated as
(ÃÌããèÃ) ¹ãÀ ¹ããäÀÌã¦ãÃ¶ã ããñ ãäª¶ããâã 31.03.2010 ¦ãã ¹ã¾ãìÃã¦ã ÞãÞããÃ ãñ on 31.03.2010 by applying notional interest rate
ã¶ãìÔããÀ ããäÊ¹ã¦ã º¾ããã ªÀ ¹ãÆÜãã¦ããò ããñ ÊããØãî ãÀãñ ¶ããèÞãñ ãäª¾ãã Øã¾ãã Öõ : shocks as discussed above are as under
(Á. ãÀãñü¡ãò ½ãò) (Rs in crores)
º¾ããã ªÀ ½ãò ããÀ ãñ ãäÊã ããñãäã½ã ¹ãÀ ããÃ¶ã (ããÀ) Change in ALM Policy Earning at Risk (EaR)
¹ããä À Ìã¦ãÃ ¶ ã Êã½ã ¶ããèãä¦ã Ôããè½ãã 26.03.2010 Interest Rate Limit for EaR 26/03/2010
Up to Up to
1 ÌãÓãÃ ¦ãã 5 ÌãÓãÃ ¦ãã
1 year 5 years
0.25% ¹ããäÀÌã¦ãÃ¶ã 135.30 0.25% change 135.30
(ãä¹ãÊãñ ÌãÓãÃ ãñ ¶ã (5% of NII of
ãã ãã ãã 5%) 4.91 13.50 previous year) 4.91 13.50
ãä¹ãÊãñ ÌãÓãÃ ãñ ¶ã (15% of NII of
ÃãäãÌããè ãã ãããä©ãÃã ½ãîÊ¾ã 26.03.2010 ECONOMIC VALUE OF EQUITY 26/3/2010
ããÍããñãä£ã¦ã ¡¿ãîÀñÍã¶ã Øãõ¹ã (¡ãèããè¹ããè) 1.00% MODIFIED DURATION GAP (DGAP) 1.00%
MODIFIED DURATION OF EQUITY (MDE) 9.63%
ãäãÌããè ããè ããÍããñãä£ã¦ã-ãÌããä£ã (½ã¡ãè) 9.63%
FOR A 200 BPS RATE SHOCK THE DROP
200 ºããè¹ããèÔã ªÀ ¹ãÆÜãã¦ã ãñ ãäÊã ÃãäãÌããè ½ãîÊ¾ã ½ãò ÜããÌã 19.26% IN EQUITY VALUE 19.26%
141
Êãñ ãã ¹ãÀãè à ãããò ããè ãä À ¹ããñ Ã AUDITORS REPORT
To
ÔãñÌãã ½ãò
¼ããÀ¦ã ãñ ÀãÓÈ¹ããä¦ã The President of India
1. We have audited the attached Balance Sheet
1. Ö½ã ¶ãñ ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ 31 ½ããÞãÃ 2010 ¦ãã ãñ of Indian Overseas Bank as at 31st March
ÔãâÊãØ¶ã ¦ãìÊã¶ã-¹ã¨ã, Ôããñ ã¶ãìºãâ£ã ½ãò ãäª Øã 31 ½ããÞãÃ 2010 2010, the Profit and Loss Account and Cash
ããñ Ôã½ãã¹¦ã ÌãÓãÃ ãñ Êãã¼ã Ìã Öããä¶ã ãã¦ãñ ããõÀ ¶ãûãªãè ¹ãÆÌããÖ ãäÌãÌãÀ¥ã Flows Statement of the Bank for the year
ããè Êãñãã-¹ãÀãèàãã ããè Öõ, ãäãÔã½ãò Ö½ããÀñ ´ãÀã Êãñãã-¹ãÀãèãäàã¦ã 20 ended 31st March 2010 annexed thereto in
which are incorporated the returns of 20
Íããããããñâ ããõÀ 41 àãñ¨ããè¾ã ãã¾ããÃÊã¾ããò ããè ãäÌãÌãÀãä¥ã¾ããâù ããõÀ ã¶¾ã branches and 41 Regional Offices audited
Êãñãã-¹ãÀãèàãããò ´ãÀã Êãñãã-¹ãÀãèãäàã¦ã 6 ãäÌãªñÍããè Íããããããò ÔããäÖ¦ã by us and 1705 branches including 6
1705 Íããããããò ããè ãäÌãÌãÀãä¥ã¾ããú Íãããä½ãÊã Ööý Ö½ããÀñ ´ãÀã ¦ã©ãã Overseas Branches audited by other auditors.
ã¶¾ã Êãñãã-¹ãÀãèàãããò ´ãÀã Êãñãã-¹ãÀãèãäàã¦ã Íããããããò ãã Þã¾ã¶ã The branches audited by us and those
ºãöã ¶ãñ ¼ããÀ¦ããè¾ã ãäÀûãÌãÃ ºãöã ´ãÀã ûããÀãè ãäªÍãããä¶ãªóÍããò ãñ ã¶ãìÂ¹ã audited by other auditors have been selected
by the Bank in accordance with the guidelines
Öãè ãäã¾ãã Öõý ¦ãìÊã¶ã-¹ã¨ã ããõÀ Êãã¼ã Ìã Öããä¶ã ãã¦ããò ½ãò ã-Êãñãã issued by Reserve Bank of India. Also
¹ãÀãèãäàã¦ã 305 Íããããããò / ãñ¶³ãò Ôãñ ¹ãÆã¹¦ã ãäÌãÌãÀ¥ã Ôããä½½ããäÊã¦ã incorporated in the Balance Sheet and Profit
Ööý ¶ã ã-Êãñãã ¹ãÀãèãäàã¦ã Íããããããò ´ãÀã ããäØãÆ½ã ãñ 1.35%, & Loss Account are the returns from 305
ã½ããããò ãñ 4.99%, º¾ããã ãã¾ã ãñ 2.19% ããõÀ º¾ããã Ì¾ã¾ã branches / centres which have not been
subjected to audit. These unaudited branches
ãñ 2.35% ãã ãâÍãªã¶ã Öõ ý ¶ã ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ããò ããè account for 1.35 % of advances, 4.99 % of
ãäã½½ãñªãÀãè ºãöã ¹ãÆºãâ£ã¶ã ¹ãÀ Öõý ã¹ã¶ãñ Êãñãã ¹ãÀãèàã¥ã ãñ ãã£ããÀ deposits, 2.19% of interest income and 2.35%
¹ãÀ ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ããò ãñ Ôãâºãâ£ã ½ãò ã¹ã¶ããè Àã¾ã ªñ¶ãã Öãè Ö½ããÀãè of interest expenses. These financial
ãäã½½ãñªãÀãè Öõý statements are the responsibility of the Banks
Management. Our responsibility is to express
2. Ö½ã¶ãñ ã¹ã¶ãã Êãñãã ¹ãÀãèàãã ãã¾ãÃ ¼ããÀ¦ã ½ãò Ôãã½ãã¶¾ã¦ã: ÔÌããèãð¦ã an opinion based on our audit.
Êãñãã ¹ãÀãèàãã ½ãã¶ãããò ãñ ã¶ãìÔããÀ ãäã¾ãã Öõý ¶ã ½ãã¶ãããò ãñ ãâ¦ãØãÃ¦ã 2. We conducted our audit in accordance with
¾ãÖ ã¹ãñàãã ããè ãã¦ããè Öõ ãäã Ö½ã ã¹ã¶ããè Êãñãã ¹ãÀãèàãã ããè ¾ããñã¶ãã the auditing standards generally accepted
Ôã ¹ãÆããÀ ºã¶ãã¾ãò ããõÀ ãä¶ãÓ¹ãããäª¦ã ãÀò ãäã Ö½ã Ôã½ãìãäÞã¦ã Â¹ã Ôãñ in India. Those standards require that we plan
Ôã ºããÀñ ½ãò ããÍÌãÔ¦ã Öãñ ãã¾ãò ãäã ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ããò ½ãò ãäÌãÓã¾ã- and perform the audit to obtain reasonable
assurance about whether the financial
ÌãÔ¦ãì Ôãâºãâ£ããè ããñÃ ØãÊã¦ã ãã¶ãããÀãè ¶ãÖãé ªãè ØãÃ Öõý Êãñãã ¹ãÀãèàãã statements are free of material mis-
ãñ ãâ¦ãØãÃ¦ã ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ããò ½ãò ãäªããÃ ØãÃ ÀããäÍã¾ããò ããõÀ ¹ãÆã statements. An audit includes examination on
ããè ØãÃ ºãã¦ããò ãñ Ôã½ã©ãÃ¶ã ½ãò ãäª¾ãñ Øã¾ãñ Ôããà¾ã ããè ¹ãÀãèàã¥ã ãñ ¦ããõÀ a test basis, evidence supporting the amounts
¹ãÀ ããâÞã ããè ãã¦ããè Öõý Êãñãã ¹ãÀãèàãã ãñ ãâ¦ãØãÃ¦ã ¹ãÆºãâ£ã-¦ãâ¨ã ´ãÀã and disclosure in the financial statements.
An audit also includes assessing the
¹ãÆ¾ãì§ã Êãñãã ãäÔã®ã¶¦ããò ¦ã©ãã ¹ãÆ½ãìã ãããÊã¶ããò ãã ãä¶ã£ããÃÀ¥ã ¦ã©ãã
accounting principles used and significant
¹ãÆÔ¦ãì¦ã ãäã¾ãñ Øã¾ãñ Ôã½ãØãÆ ãäÌã¦¦ããè¾ã ãäÌãÌãÀ¥ã ãã ½ãîÊ¾ããâã¶ã ¼ããè ãäã¾ãã estimates made by the management, as well
ãã¦ãã Öõ ý Ö½ãò ãäÌãÍÌããÔã Öõ ãäã Ö½ããÀã Êãñãã ¹ãÀãèàãã ãã¾ãÃ Ö½ããÀñ as evaluating the overall financial statements
ããä¼ã½ã¦ã ãñ ãäÊã ãäÞã¦ã ãã£ããÀ Öõý presentation. We believe that our audit
provides a reasonable basis for our opinion.
3. ¦ãìÊã¶ã-¹ã¨ã ããõÀ Êãã¼ã-Öããä¶ã ãã¦ãñ ºãöãããÀãè ãäÌããä¶ã¾ã½ã¶ã ããä£ããä¶ã¾ã½ã
3. The Balance Sheet and the Profit and Loss
1949 ããè ¦ãð¦ããè¾ã ã¶ãìÔãîÞããè ãñ ã½ãÍã: ¹ãã½ãÃ ããõÀ ¹ãã½ãÃ ºããè ½ãò Account have been drawn up in Forms A
¦ãõ¾ããÀ ãäã Øã Ööý and B respectively of the Third Schedule
to the Banking Regulation Act, 1949.
4. ãä¶ã½¶ããäÊããäã¦ã ããè ããñÀ £¾ãã¶ã ããããäÓãÃ¦ã ãäã¾ãã ãã¦ãã Öõ:
4. Reference is invited to
i. ÀããÔÌã ãñ ããä¼ããã¶ã ãñ Ôãâºãâ£ã ½ãñ âÔãèá¾ãî ããù¹ã ÞããÃ¡Ã i) Significant Accounting Policy No.2.2 and
ãããâòáÔã ããù¹ã âãä¡¾ãã ´ãÀã ããÀãè ãäã Øã ÊãñãããÀ¥ã 2.5 (Schedule 17) regarding revenue
½ãã¶ãª¥¡ - 9 ãñ Ôãã©ã ½ãÖ¦Ìã¹ãî¥ãÃ ÊãñãããÀ¥ã ¶ããèãä¦ã Ôãâ.2.2, recognition which are not in conformity
with Accounting Standard 9 issued by
Ìãâ 2.5 (ã¶ãìÔãîÞããè -17) ½ãñÊã ¶ãÖãé ãã¦ãñ Ööý
142
ii. Êããä½ºã¦ã ªãÌããò ããè ÌãÔãîÊããè ããõÀ/ã©ãÌãã ØããÀâãè ÔãâÔ©ããããò ½ãò the Institute of Chartered Accountants of
India.
ªãÌãñ ã¼ããè ¹ãÆÔ¦ãì¦ã ãäã ãã¶ãñ ãñ Ôãâºãâ£ã ½ãò Êãñããò ¹ãÀ ¶ããñáÔã
(ã¶ãìÔãîÞããè - 18) ããè ¶ããñ Ôãâ¾ãã 3.2ý ii) Note No.3.2 in Notes on Accounts
(Schedule 18) regarding recoverablility
Êãñããò ¹ãÀ ¶ããñáÔã (ã¶ãìÔãîÞããè -18) ½ãò Êãã¼ã Ìã Öããä¶ã ãã¦ãã, of claims pending and / or yet to be
lodged with Guarantee Institutions.
¦ãìÊã¶ã-¹ã¨ã, ¹ãîúããè ¹ã¾ããÃ¹¦ã¦ãã ã¶ãì¹ãã¦ã ããõÀ ããÀãñºããÀ ã¶ãì¹ãã¦ããò
¹ãÀ ¹ãÀ ãäÊÊããäã¦ã ½ãªãò ãñ ¹ãÆ¼ããÌã ãã ¹ã¦ãã ¶ãÖãé ÊãØãã¾ãã The impact of the items stated herein
above on the Profit & Loss Account,
ãã Ôãã¦ãã Öõý Balance Sheet, Capital Adequacy Ratio
and business ratios as stated in Notes
5. ¹ãì¶ã: ÔãâÀãäÞã¦ã ãã¦ããò, ããÀãñºããÀ ã¶ãì¹ãã¦ã, ãããäÔ¦ã¾ããò Ìã ªñ¾ã¦ããããò on Accounts (Schedule-18) is not
ãñ ¹ããäÀ¹ããÌã¦ãã ¹ãõ¶ãÃ , ÔãâÌãñª¶ãÍããèÊã ¹ãÆÌãØããô ããñ ¨ãÉ¥ã ããñãäã½ã, ascertainable.
ã¹ãÆ¦¾ãã¼ãî¦ã ããäØãÆ½ã Ìã ã½ããããò ãã ãñ¶³ãèãÀ¥ã, ããäØãÆ½ã, ¨ãÉ¥ã 5. The additional disclosures made in Note
ããñãäã½ã ããõÀ ã¶ããÃã ãããäÔ¦ã ãñ Ôãâºã¶£ã ½ãò ÔãîÞã¶ãã ãñ ãäÔãÊããäÔãÊãñ No.4.2, 5, 6,7, 8.7 and 10.I to the Notes on
½ãò Êãñããò ¹ãÀ ¶ããñáÔã (ã¶ãìÔãîÞããè 18) ãñ ¶ããñ Ôãâ- 4.2, 5, 6 ,7 Accounts (Schedule 18) with regard to
information in respect of Restructured
8.7 ããõÀ 10.1 ½ãò ãäª Øã ããä¦ããäÀ§ã ¹ãÆã¶ã, ºãöã ´ãÀã ¹ãÆ½ãããä¥ã¦ã Accounts, Business Ratios, Maturity Pattern
ÔãîÞã¶ãã / ãäÀããù¡Ã ¹ãÀ ãã£ãããäÀ¦ã Öö ããõÀ ¶ã ¹ãÀ Ö½ã ¶ãñ ãäÌãÍÌããÔã of Assets and Liabilities, Exposure to
ãäã¾ãã Öõý Sensitive Sectors, Unsecured Advances and
Concentration of Deposits, Advances,
6. ºãöãåãØã ãâ¹ã¶ããè (¹ãã½ããò ãã ããä£ãØãÆÖ¥ã ããõÀ ãâ¦ãÀ¥ã) ããä£ããä¶ã¾ã½ã Exposures and NPAs respectively are based
on the records / information as certified by
1970 ãñ ã¶ãìÔããÀ ããõÀ ºãÍã¦ãó - the Bank and relied upon by us.
i) ã¦ã ¹ããäÀÞñª 1 ½ãò ªÍããÃ¾ãñ Øã¾ãñ Êãñãã¹ãÀãèàãã ããè ¹ããäÀÔããè½ãã, 6. As required by the Banking Companies
(Acquisition and Transfer of Undertakings) Act
ããõÀ Ôã½ãò ããÌãÍ¾ãã ¹ãÆã¶ã ããè Ôããè½ããããò ããñ £¾ãã¶ã ½ãò
1970 and subject to
Àã¦ãñ Öí
i) the limitation of the audit indicated in
ii) ¹ã¾ãìã¦ã ¹ãõÀã 4 Ìãâ 5 ½ãò Ö½ããÀñ ããä¼ã½ã¦ããò ããñ £¾ãã¶ã ½ãò Paragraph 1 above, and the limitation
of disclosure required therein
Àã¦ãñ Öì ããõÀ
ii) our observations in Paragraph 4 & 5
iii) Ôãã½ãã¶¾ã¦ã: ÔÌããèãð¦ã Êãñããâã¶ã ¹ãÆãäã¾ãã ãñ ã¶ãìÔããÀ above, and
Á.246.52 ãÀãñ¡ ããè Ôãâ¹ãî¥ãÃ ã½ããè ããñ ºãáñ ãã¦ãñ ½ãò iii) Note No. 11 in Notes on Accounts
¡ãÊã¶ãñ ãñ ºããã¾ã ¼ããÀ¦ããè¾ã ãäÀãÌãÃ ºãöã ´ãÀã ã¶ãì½ã¦ã ã¶ãìÔããÀ (Schedule 18) regarding the write off of
ã ºãöã ããè ãäÌããäÍãÓ ãããäÔ¦ã¾ããò ããõÀ ªñ¾ã¦ããããò ãñ a sum of Rs 82.17 Crores being one
third of the deficit arising on the takeover
ããä£ãØãÆÖ¥ã Ôãñ ¦¹ã¸ã ã ãä¦ãÖãÃ ã½ããè, ããñ ãäã Á.82.17 of the specific assets and liabilities of a
ãÀãñ¡ Öõ , ããñ ºãáñ ãã¦ãñ ½ãò ¡ãÊãã ãã, ãäãÔããã ãã¦ããò bank as permitted by Reserve Bank of
(ã¶ãìÔãîÞããè 18) Ôãñ ãì¡ãè ãä¹¹ããä¥ã¾ããò ããè ãä¹¹ã¥ããè Ôãâ.11 India as against writing off the entire
deficit of Rs 246.52 Crores as is the
½ãò ÊÊãñã Öõý Generally Accepted Accounting Practice.
Ö½ã ãä¶ã½¶ã ¹ãÆããÀ Ôãñ ãäÀ¹ããñÃ ãÀ¦ãñ Öö: we report as under :
a) In our opinion and to the best of our
ã) Ö½ããÀãè Àã¾ã ããõÀ Ö½ããÀãè ããä£ãã¦ã½ã ãã¶ãããÀãè ãñ ã¶ãìÔããÀ information and according to the
¦ã©ãã Ö½ãò ãäª¾ãñ Øã¾ãñ Ô¹ãÓãèãÀ¥ããò ããõÀ ¼ããÀ¦ã ½ãò Ôãã½ãã¶¾ã¦ã: explanations given to us and as shown
ÔÌããèãð¦ã ÊãñãããÀ¥ã ãäÔã®ãâ¦ããò ãñ ã¶ãìÂ¹ã ã¶ãìÀãäàã¦ã ºãöã by the books of the Bank maintained in
accordance with generally accepted
ããè Êãñãã ºããäÖ¾ããò ½ãò ªÍããÃ¾ãñ Øã¾ãñ ã¶ãìÔããÀ : Accounting Principles in India.
143
i) ¾ãÖ ¦ãìÊã¶ã-¹ã¨ã ¹ãî¥ãÃ Ìãâ ÔãÖãè Öõ ããõÀ Ôã½ãò ããÌãÍ¾ãã i) The Balance Sheet is a full and fair
Balance Sheet containing the
ãã¶ãããÀãè Íãããä½ãÊã Öõ ¦ã©ãã Ôã ¹ãÆããÀ ãäÞã¦ã Â¹ã Ôãñ necessary particulars, and is properly
¦ãõ¾ããÀ ãäã¾ãã Øã¾ãã Öõ ãäã Ôã½ãò ºãöã ãñ 31 ½ããÞãÃ drawn up so as to exhibit a true and
2010 ããè ãäÔ©ããä¦ã ãñ ã¶ãìÔããÀ Ôããñ ãã½ãããã ãã fair view of the affairs of the Bank as
ÔãÖãè ããõÀ ÌããÔ¦ããäÌãã ãäÞã¨ã ¹ãÆªãäÍãÃ¦ã Öãñ¦ãã Öõ ý at 31st March 2010.
ii) The Profit and Loss Account shows
ii. Êãã¼ã Ìã Öããä¶ã ãã¦ãã 31 ½ããÞãÃ 2010 ããñ Ôã½ãã¹¦ã ÌãÓãÃ a true balance of Profit for the year
ãñ Êãã¼ã ãã ÔãÖãè ÍãñÓã ªÍããÃ¦ãã Öõ ããõÀ ended 31st March 2010 and
iii. ¶ããªãè ¹ãÆÌããÖ ãäÌãÌãÀ¥ããè, 31 ½ããÞãÃ, 2010ããñ Ôã½ãã¹¦ã iii) The Cash Flows Statement gives a true
and fair view of the cash flow for the
ÌãÓãÃ ãñ ãäÊã ¶ããªãè ¹ãÆÌããÖ ãã ÔãÖãè Ìãâ ãäÞã¦ã ãäÞã¨ã year ended 31st March 2010.
ªÍããÃ¦ãã Öõý
b) We have obtained all the information and
ã) Ö½ã¶ãñ ã¹ã¶ããè ããä£ãã¦ã½ã ãã¶ãããÀãè ããõÀ ãäÌãÍÌããÔã ãñ ã¶ãìÔããÀ explanations, which to the best of our
knowledge and belief were necessary for
Êãñãã ¹ãÀãèàãã Öñ¦ãì Ôã¼ããè ãã¶ãããÀãè ¦ã©ãã Ô¹ãÓãèãÀ¥ã ¹ãÆã¹¦ã the purpose of our audit and have found
ãäã¾ãñ Öö ããõÀ ¶Öò Ôãâ¦ããñÓãã¶ãã ¹ãã¾ãã Öõ ý the same to be satisfactory.
Øã) ºãöã ãñ ããñ Êãñ¶ãªñ¶ã Ö½ããÀãè ãã¶ãããÀãè ½ãò ãã¾ãñ Öö, Ìãñ ºãöã c) The transactions of the Bank, which have
come to our notice have been within the
ãñ ããä£ãããÀ àãñ¨ã ãñ ãâ¦ãØãÃ¦ã Öãè Ööý
powers of the Bank.
Üã) ºãöã ãñ ãã¾ããÃÊã¾ããò ããõÀ Íããããããò Ôãñ ¹ãÆã¹¦ã ãäÌãÌãÀãä¥ã¾ããú, d) The returns received from the offices and
Ö½ããÀãè Êãñãã-¹ãÀãèàãã ãñ ¹ãÆ¾ããñã¶ããò ãñ ãäÊã ¹ã¾ããÃ¹¦ã ¹ãã¾ããè branches of the Bank have been found
Øã¾ããè Ööý adequate for the purpose of our audit.
ãð¦ãñ ããñ½ã ãØãÆÌããÊã ñ¥¡ ãâ. ãð¦ãñ Ìã½ããÃ ñ¥¡ Ìã½ããÃ ãð¦ãñ ¹ããèãñ¹ã Ñããè£ãÀ ñ¥¡ Ôãâ¦ãã¶ã½ã For Om Agarwal & Co For Varma & Varma For PKF Sridhar &
Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Ôã¶ãªãè ÊãñããããÀØã¥ã Santhanam
Chartered Accountants Chartered Accountants Chartered Accountants
(ãñ.Ôããè.Øãì¹¦ãã) (ãñ.½ã.Ôãìãì½ããÀ¶ã) (ãè.Ìããè.ºããÊãÔãìºãÆ½ããä¥ã¾ã¶ã)
(K.C.GUPTA) (K.M.SUKUMARAN) (T.V.BALASUBRAMANIAN)
Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ Ôãã¢ãñªãÀ
Partner Partner Partner
Ôã.Ôãâ. 072936 Ôã.Ôãâ. 015707 Ôã.Ôãâ. 027251 M.No. 072936 M.No.015707 M.No.027251
¹ãããÀ¶ã Ôãâ.000971Ôããè ¹ãããÀ¶ã Ôãâ. 004532Ôã ¹ãããÀ¶ã 003990Ôã FRN 000971C FRN 004532S FRN 003990S
ãð¦ãñ ¼ããÔãÀ¶ã ñ¥¡ À½ãñÍã ãð¦ãñ ½ã. ¼ããÔãÀ ÀãÌã ñ¥¡ ãâ ãð¦ãñ ãä½ã¦¦ãÊã Øãì¹¦ãã ñ¥¡ ãâ
For Bhaskaran & Ramesh For M Bhaskara Rao & Co For Mittal Gupta & Co
(ãñ.ÀâØãÀãã¶ã) (ãñ.ããÀ.À¦¶ã½ã) (ºããè.Êã.Øãì¹¦ãã) (J.RANGHARAJAN) (K.R.RATNAM) (B.L.GUPTA)

Ôã.Ôãâ.024327 Ôã.Ôãâ.002316 Ôã.Ôãâ.073794 M.No.024327 M. No.002316 M.No.073794
¹ãããÀ¶ã 000462Ôã ¹ãããÀ¶ã 000459Ôã ¹ãããÀ¶ã 001874Ôããè FRN 000462S FRN 000459S FRN 001874C
Ô©ãã¶ã : Þãñ¸ãõ Place: Chennai

ãäª¶ããâã: 29.04.2010 Date: 29.04.2010
144
ãò³ãè¾ã ãã¾ããÃÊã¾ã,763,ã¥¥ãã ÔããÊãõ,Þãñ¸ãõ- 600 002
¹ãã½ãÃ ºããè ¹ãâ ããè ãð ¦ã ¹ããñ ã ä Ê ã¾ããñ Ôãâ.
¹ãÆãùãÔããè ¹ããù½ãÃ (¾ããä ª ºãñ ããØãããè ãð ¦ã ¶ã Öãñ )
(ãäÌããä¶ã¾ã½ã 70 ãã ¹ã-ãäÌããä¶ã¾ã½ã¶ã (iii)) ªñãò ) ¡ãè ¹ ããè ãã¡ãè Ôãâ â :

(Íãñ¾ãÀ£ããÀã ´ãÀã ¼ãÀñ Ìã ÖÔ¦ããàããäÀ¦ã ãäã ãã¶ãñ ãñ ãäÊã) Ôããè Êããã¡ãè Ôãâ . :
½ãö/Ö½ã, ......................................................................................................ãä¶ãÌããÔããè
........................................................................................................................ãäãÊãã
........................................Àã¾ã .............................ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ãñ Íãñ¾ãÀ£ããÀã Öãñ¶ãñ ãñ ¶ãã¦ãñ
¦ãªá´ãÀã Ñããè/Ñããè½ã¦ããè ................................................ãä¶ãÌããÔããè .....................................................
ãäãÊãã .............................................. Àã¾ã ...................................... ããñ, ½ãâØãÊãÌããÀ ãäª¶ããâã 20
ãìÊããÃ 2010 ããñ ¶ããÀª Øãã¶ã Ôã¼ãã, (ÔãªØãìÁ ãã¶ãã¶ã¶ªã ÖãÊã) 314, ãè ãè ãñ Àãñ¡, Þãñ¶¶ãõ - 600 018 ½ãò Öãñ¶ãñ ÌããÊããè ãä¥¡¾ã¶ã
ããñÌãÀÔããèûã ºãöã ãñ Íãñ¾ãÀ£ããÀããò ããè 10Ìããââé ÌãããäÓãÃã Ôãã½ãã¶¾ã ºãõã ããõÀ ÔãÔãñ Ôãâºãâãä£ã¦ã ããñÃ ã¶¾ã Ô©ãØã¶ã Öãñ ¦ããñ Ôã½ãò ½ãì¢ãñ/Ö½ããÀñ
ãäÊã ããõÀ ½ãñÀãè / Ö½ããÀãè ããñÀ Ôãñ Ìããñ ªñ¶ãñ ãñ ãäÊã ¹ãÆãùãÔããè ãñ Â¹ã ½ãò ãä¶ã¾ãì§ã ãÀ¦ãã/ãÀ¦ããè Öâúî/ãÀ¦ãñ Öö ý
ÌãÓãÃ 2010 ãñ ................................... ½ããÖ ãñ .................................... ãäª¶ã ÖÔ¦ããàããäÀ¦ã
¹ã¶³Ö ¹ãõÔãñ ãã

....................
ÀããÔÌã
(¹ãÆãùãÔããèè ãñ ÖÔ¦ããàãÀ) ãäã ãäÞã¹ãããú
¶ãã½ã ......................................
¹ã¦ãã .......................................
....................................... ¹ãÆ©ã½ã ¶ãããä½ã¦ã / ãÊã Íãñ¾ãÀ£ããÀã ãñ ÖÔ¦ããàãÀ
$ ¹ããäÔ©ããä¦ã ¹ãÞããê ÔãÖ ¹ãÆÌãñÍã ¹ããÔã

( ãð¹ã¾ãã Ôã ¹ããäÔ©ããä¦ã ¹ãÞããê ããñ ¼ãÀãÀ ºãõã ãñ ¹ãÆÌãñÍã ´ãÀ ¹ãÀ Ôããõâ¹ã ªò)
Íãñ¾ãÀ£ããÀã ãã ¶ãã½ã Ìã ¹ã¦ãã
............................................................
............................................................
............................................................
£ãããäÀ¦ã Íãñ¾ãÀãò ããè Ôãâ¾ãã : .................................................... ¹ãâããèãð¦ã ¹ããñãäÊã¾ããò Ôãâ ............................
(¾ããäª ºãñããØãûããèãð¦ã ¶ã Öãñ)
¡ãè¹ããè ãã¡ãè Ôãâ .............................. ØãÆãÖã ãã¡ãè Ôãâ : ............................
(¾ããäª ºãñããØãûããèãð¦ã Öõ ¦ããñ)
½ãö 20 ãìÊããÃ 2010 ããñ ÔãìºãÖ 10.00 ºããñ, ¶ããÀª Øãã¶ã Ôã¼ãã, (ÔãªØãìÁ ãã¶ãã¶ã¶ª ÖãÊã) 314, ãèãèãñ Àãñ¡, Þãñ¶¶ãõ - 600 018 ½ãò ãã¾ããñãäã¦ã ºãöã
ããè 10Ìããé ÌãããäÓãÃã Ôãã½ãã¶¾ã ºãõã ½ãò ã¹ã¶ããè ¹ããäÔ©ããä¦ã ªãÃ ãÀ¦ãã ãÀ¦ããè Öîú ý
(Íãñ¾ãÀ£ããÀã / ¹ãÆãùãÔããè £ããÀã / ¹ãÆãä¦ããä¶ããä£ã ãñ ÖÔ¦ããàãÀ)

145
Central Office : 763, Anna Salai, Chennai - 600 002
FORM B
FORM OF PROXY
See Sub-Regulation (iii) of regulation 70
(TO BE FILLED IN AND SIGNED BY THE SHAREHOLDER)
Regd. Folio
No.
(If not
Dematerialised)
D P Id No.
Cl. Id No.
I/We ...................................................................................................................................... resident

of ............................................................................................................................................. in the
district of ................................................................................................................................... in the
State of ........................................................................., being a shareholder / shareholders of Indian
Overseas Bank, hereby appoint Shri/Smt ......................................................................... resident of
................................................................... in the district of .................................................... in the
State of ..................................................... as my/our proxy to vote for me/us and on my / our behalf at
the 10th Annual General Meeting of the shareholders of Indian Overseas Bank to be held on Tuesday, 20th
July 2010 at Narada Gana Sabha, (Sathguru Gnanananda Hall) 314 TTk Road, Chennai - 600 018 and
at any adjournment thereof.
Signed this .................................. day of ...................... 2010.
......................................
Please affix
(Signature of the Proxy) 15 paise
Name ......................................... Revenue
Stamp
Address .........................................
.........................................
$
......................................... Signature of the first named/sole holder
ATTENDANCE SLIP - CUM - ENTRY PASS

(Please fill this attendance slip and hand it over at the entrance of the meeting hall)
Name and address of the shareholder ................................................................................................
...........................................................................................................................................................
No of shares held : ............................................................. Regd Folio No : ......................................
If not dematerialised)
DP ID No: ............................................................... Client Id No: .................................
(If dematerialised)
I hereby record my presence at the 10th Annual General Meeting of the Bank held on 20th July 2010 at
10.00 A.M. at Narada Gana Sabha, (Sathguru Gnanananda Hall) 314, TTK Road, Chennai - 600 018
...............................................................................
(Signature of the shareholder / proxy holder / representative)
146
ãä¡¹ããùãäûãÀãè ÔãñÌããú
¶ãÃ Ôãââ. 47 (¹ãìÀã¶ããè Ôãâ. 22), ÖãùÊÔã Àãñü¡,
Øã½ããñÀ, Þãñ¸ãõ 600 008
¹ããñ¶ã : 044 - 28193617/3618, ¹ãõãÔã : 044-28193619
ã¹ã¶ãñ Íãñ¾ãÀãò ããñ ã½ãî¦ããêãð¦ã Â¹ã ½ãò (ÊãñãÈããä¶ãã ¹ããù½ãÃ) Àãò

ã¹ã¶ãñ Íãñ¾ãÀãò ããñ ¡ãè½ãõ ã¾ããò ãÀò?
v Þãîúãäã Íãñ¾ãÀ ÊãñãÈãä¶ãã ¹ããù½ãÃ ½ãò Öö, ã¦ã: ããñÃ Öããä¶ã, ÞããñÀãè ¾ãã ¶ãìãÔãã¶ã ¶ãÖãé
v ãäãÔããè ¹ãÆããÀ ããè ªñÀãè Ìãâ Ôã½¹ã ÍãìÊã ãñ ãäºã¶ãã Íãñ¾ãÀãò ãã ãâ¦ãÀ¥ã
v Êãã¼ããâÍã/º¾ããã ºãöã ãã¦ãñ ½ãò Ôããè£ãñ ã½ãã ãäã¾ãã ãã ÔããñØãã
v ºããñ¶ãÔã/ÀãáÔã Íãñ¾ãÀ ãã¹ããñ ¡ãè½ãñ ãã¦ãñ ½ãò Ôããè£ãñ ã½ãã Öãñ ããâØãñ
v ¾ããäª ¡ãè½ãñ ãã¦ãñ ½ãò ¹ããäÀÌã¦ãÃ¶ã ãäã¾ãã Øã¾ãã Öõ ¦ããñ Ôã¼ããè ãâ¹ããä¶ã¾ããò ããñ ¹ã¦ãñ Ìãâ ºãöã ãäÌãÌãÀ¥ã ½ãò Öì ¹ããäÀÌã¦ãÃ¶ã ããè ÔãîÞã¶ãã
ÔÌã¦ã: ãä½ãÊã ããØããè
v ¡ãè½ãñ ãã¦ãñ ½ãò Íãñ¾ãÀãò ãñ ¹ãÆ¦¾ãñã ¶ãã½ãñ/ã½ãã ããè ÔãîÞã¶ãã ¹ãã¶ãñ Öñ¦ãì Ôã½ãÔã ÊãÃ ããè ÔãìãäÌã£ãã ¹ãÊãº£ã
v ãã¦ãã £ããÀã ããè ½ãð¦¾ãì Öãñ¶ãñ ¹ãÀ, ¾ããäª ¶ãã½ããâã¶ã ãã ãäÌããÊ¹ã ãäÊã¾ãã Øã¾ãã Öãñ ¦ããñ ãäºã¶ãã ãäãÔããè ¹ãÆããÀ ããè ãü¡Þã¶ã ãñ ¶ãããä½ã¦ããè
ãñ ¡ãè½ãñ ãã¦ãñ ½ãò Íãñ¾ãÀãò ãñ ãâ¦ãÀ¥ã
v ¹ããñÃ¹ããñãäÊã¾ããñ ãñ ½ãîÊ¾ã ½ãò ã¶ãìãîÊã ¹ããäÀÌã¦ãÃ¶ã Öãñ¶ãñ ¹ãÀ ¹ãÆãä¦ããäª¶ã Ôã½ãÔã ãÊãÃ ¹ãÆã¹¦ã ãÀ¶ãã
v ãã¹ã ãäºã¶ãã ÍãìÊã ¶À¶ãñ (ãããä¡¾ããã) ãñ ããäÀ ã¹ã¶ãã ãã¦ãã ªñã Ôãã¦ãñ Öö
v Êãñ¶ãªñ¶ããò/£ãããäÀ¦ããããò ãñ ½ãããäÔãã/ãä¦ã½ããÖãè ãäÌãÌãÀ¥ã ¹ãÆã¹¦ã ãÀ¶ãã
ãä Ì ã²ã½ãã¶ã ã½ãî ãä ¦ ãÃ ãð ¦ã ãã¦ãã£ããÀããò ´ãÀã ¶ããñ ãäã ãã¶ãñ ÌããÊãñ ãäºã¶ªì
v ¾ããäª ãã¦ãñ ããñ ãÌãÁ®/Ô©ããäØã¦ã ãäã¾ãã Øã¾ãã Öõ ¦ããñ Ôã¼ããè ãã¦ãã £ããÀããò ãñ ¹ãõ¶ã ãäÌãÌãÀ¥ã ããè ¹ãÆÔ¦ãìãä¦ã ããñ Ôãìãä¶ããäÍÞã¦ã ãäã¾ãã ããý
ãÌãÁ® ãäã Øã ñÔãñ Íãñ¾ãÀãò ããñ ãã¾ããÀ ¹ãÆããä£ããããäÀ¾ããò ´ãÀã ãìãÃ ãäã ãã¶ãñ ããè Ôãâ¼ããÌã¶ãã Öõý
v ¾ããäª ¹ãÖÊãñ ¶ãã½ããâã¶ã ãñ ãäÌããÊ¹ã ãã ¹ãÆ¾ããñØã ¶ã ãäã¾ãã Øã¾ãã Öãñ, ¦ããñ ¶ãã½ããâã¶ã ãã ãäÌããÊ¹ã ¹ãÆ¾ããñØã ãÀ Êãòý
v ½ãì¹ã¦ã ½ãò Ôã½ãÔã ÔãìãäÌã£ãã ãã Êãã¼ã Êãñ¶ãñ ãñ ãäÊã ã¹ã¶ãã ½ããñºããÊã ¶ã½ºãÀ ¹ãÊãº£ã ãÀãúý
v ¹ãÆ¦¾ãñã ØãÆãÖã ããñ Êãñ¶ãªñ¶ããò/£ãããäÀ¦ããããò ãã ãäÌãÌãÀ¥ã ¹ãÆã¹¦ã ãÀ¶ãñ ãã ããä£ãããÀ Öõ:
½ãããäÔãã - ¾ããäª Ôãâºãâãä£ã¦ã ½ãÖãè¶ãñ ½ãò ã½ã-Ôãñ-ã½ã ã Êãñ¶ãªñ¶ã ãäã¾ãã Øã¾ãã Öãñý
ãä¦ã½ããÖãè - ¾ããäª ãä¦ã½ããÖãè ãñ ªãõÀã¶ã ã ¼ããè Êãñ¶ãªñ¶ã ¶ã ãäã¾ãã Øã¾ãã Öãñý
v ¾ããäª Êãã¼ããâÍã/º¾ããã/Ìãã¹ãÔããè ããªñÍã ÃÔããèÔã ãñ ããäÀ Ôããè£ãñ ã½ãã ¶ã ãäã¾ãã Øã¾ãã Öãñ (ãÖãú ÊããØãî Öãñ) , ¦ããñ ãð¹ã¾ãã ¾ãÖ
Ôãìãä¶ããäÍÞã¦ã ãÀò ãäã ¡ãè½ãñ ãã¦ãñ ½ãò Íãããã ãã ÔãÖãè ½ãããÔããèããÀ ããñ¡ ¹ãÊãº£ã Öõý
v ãºã Ôãì¹ãìªÃØããè ã¶ãìªñÍã ¹ãÞããê ãäãÔããè ¼ããè ÔãñÌãã ãñ¶³ ¹ãÀ ¹ãñÍã ããè ãã Ôãã¦ããè Öõý
147
INDIAN OVERSEAS BANK
DEPOSITORY SERVICES
New No.47 (Old No.22), Halls Road,
Egmore, Chennai 600 008
Phone : 044-28193617/3618 Fax : 044-28193619
KEEP YOUR SHARES IN DEMATERIALISED FORM (ELECTRONIC FORM)
WHY TO DEMAT YOUR SHARES

v No loss, theft or damage to the shares as they are in electronic form
v Transfer of Shares without any delay and stamp duty
v Dividend/Interest can be credited to the bank account directly
v Bonus/Rights shares get credited to your demat account directly
v Change of Address/Bank particulars are communicated to all companies automatically if the
change is effected in the demat account
v Facility available to get SMS alert for each debit / credit of shares in the demat account
v Opting for Nomination ensures hassle-free transfer of shares to the demat account of Nominee
in the event of death of account holder
v Receive daily SMS alert on favourable change in the value of portfolio
v You can view your account through internet (IDeAS) free of charge
v Receive Monthly / Quarterly statement of Transactions / Holdings
POINTS TO BE NOTED BY EXISTING DEMAT ACCOUNT HOLDERS :

v Ensure to submit PAN particulars of all account holders if the status of account is blocked /
suspended. There is a possibility that the shares held in such blocked account are liable
to be attached by Income-Tax Authorities
v Opt for Nomination, if not already opted
v Provide your Mobile number to get SMS alert facility FREE OF COST
v Each client is entitled to receive statement of transactions / holdings:
Monthly If there is atleast one transaction in the respective month
Quarterly If there is no transaction in a quarter
v If Dividends/Interests/Refund Orders are not credited directly through ECS (wherever applicable),
please ensure that correct MICR code of the branch is available in the demat account
v Delivery Instruction Slips can now be tendered at any of the Service Centres
148
¹ãÆñÓãã : ãäª¶ããâã:
ÔãñÌãã ½ãò
½ãñÔãÔãÃ ãõãä½ã¾ããñ ãã¹ããóÀñ ÔããäÌãÃÔãñÔã ãäÊããä½ãñ¡
¾ãîãä¶ã: ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã
ÔãìºãÆ½ããä¥ã¾ã¶ã ãäºããäÊâ¡Øã
¶ã.1 ãÊãºã ÖãÔã Àãñ¡
Þãñ¸ãõ-600002
ãä¹ãÆ¾ã ½ãÖãñª¾ã,
Ôãâª¼ãÃ : ÊãñãÈãùãä¶ãã Ôã½ããÍããñ£ã¶ã ÔãñÌãã (ÃÔããèÔã) ãñ ûããäÀ Êãã¼ããâÍã ãã ¼ãìØã¦ãã¶ã
¹ãÆ©ã½ã £ããÀã ãã ¶ãã½ã (Ô¹ãÓ ãàãÀãò ½ãò)

¹ããñãäÊã¾ããñ Ôãâ.
Íãñ¾ãÀãò ããè Ôãâ¾ãã
ºãöã ãã¦ãñ ãã ¹ãÆããÀ (ãð¹ã¾ãã (a ) ãã ãä¶ãÍãã¶ã ÊãØãã) ºãÞã¦ã ÞããÊãî ¶ããªãè £ããÀ
ãã¦ãã ãã¦ãã ãã¦ãã
ºãöã ãã¦ãã Ôãâ.
ºãöã ãã ¶ãã½ã
Íãããã ãã ¶ãã½ã
ãã¹ãÔãÔããè ããñ¡ *
ºãöã ãã ¹ãîÀã ¹ã¦ãã
ºãöã ´ãÀã ããÀãè ½ãããÔããèããÀ Þãñã ¹ãÀ ãäªããÃ ªñ ÀÖñ ºãöã Ìãâ
Íãããã ããè 9 ãâã ããè ããñ¡ Ôãâ¾ãã (ãð¹ã¾ãã ããñ¡ ããè ¾ã©ãã©ãÃ¦ãã ãñ
Ôã¦¾ãã¹ã¶ã ãñ ãäÊã ã¹ã¶ãñ ã¦ã ãã¦ãñ Ôãñ Ôãâºãâãä£ã¦ã ã¹ã¶ãñ ºãöã ´ãÀã
ããÀãè ããñÀãè ãä¶ãÀÔ¦ã Þãñã ¾ãã Þãñã ããè ã¾ãã¹ãÆãä¦ã ÔãâÊãØ¶ã ãÀò)
½ãì¢ãñ Êãã¼ããâÍã ¼ãìØã¦ãã¶ã ãñ ãäÊã ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ´ãÀã ãºã ¼ããè ÊãñãÈããä¶ãã Ôã½ããÍããñ£ã¶ã ÔãñÌãã ãã¾ããÃãä¶Ìã¦ã ãäã¾ãã ããØãã, ¦ãºã ½ãö Ôã ÔãñÌãã
ãã ¹ã¾ããñØã ãÀ¶ãñ ãñ ãäÊã ÔãÖ½ã¦ã Öîúý
½ãö ¦ãªá´ãÀã ÜããñÓã¥ãã ãÀ¦ãã/ãÀ¦ããè Öîú ãäã ¹ãÀãñã¦ã ãäª¾ãã Øã¾ãã ãäÌãÌãÀ¥ã ÔãÖãè Ìãâ ¹ãî¥ãÃ Öõý ¾ããäª Êãñ¶ãªñ¶ã ½ãò ªñÀãè Öãñ¦ããè Öõ ¾ãã ã¹ãî¥ãÃ ¾ãã ãÔã¦¾ã ãã¶ãããÀãè
ãñ ããÀ¥ã ¹ãîÀã ¶ãÖãé Öãñ¦ãã Öõ, ¦ããñ ½ãö Ôã½ãò ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã/ÀãäãÔÈãÀ ããñ ãäã½½ãñªãÀ ¶ãÖãé ÖÀãúØãã/ ÖÀãúØããèý
½ãö ããØãñ ¼ããè ã¹ã¶ãñ ºãöã, Íãããã Ìãâ ãã¦ãã Ôãâ. ½ãò ãäãÔããè ¼ããè ¹ãÆããÀ ãñ ¹ããäÀÌã¦ãÃ¶ã ããè ÔãîÞã¶ãã ÀãäãÔÈãÀ/ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã ããñ ªñ¶ãñ ãã ÌãÞã¶ã
ªñ¦ãã / ªñ¦ããè Öîúý
* ã¹ã¶ããè Íãããã Ôãñ ¹ãÆã¹¦ã ãÀñâ

(¹ãÆ©ã½ã/ã½ãã¨ã Íãñ¾ãÀ£ããÀã ãñ ÖÔ¦ããàãÀ)
149
From: Date :
To:
M/s. Cameo Corporate Services Limited
Unit : INDIAN OVERSEAS BANK
Subramanian Building
No.1 Club House Road,
Chennai - 600 002.
Dear Sir(s),
Ref: PAYMENT OF DIVIDEND THROUGH ELECTRONIC CLEARING SERVICES (ECS)
Name of First Holder (In Block Letters)

Folio No.
No. of shares
Bank A/c Type Please tick ( ) 4 Savings Current Cash Credit
A/c A/c A/c
Bank Account Number
Name of the Bank
Branch Name
IFSC Code*
Full Address of the Bank
9-Digit Code number & Branch appearing on the

MICR cheque issued by the Bank (Please attach
Photocopy of a cheque or a blank cancelled
cheque issued by your bank relating to your above
account for verifying the accuracy of the code).
I agree to avail of the Electronic Clearing Service, as and when implemented by Indian Overseas Bank for
payment of dividend to me.
I hereby declare that the particulars given above are correct and complete. If the transaction is delayed or
not effected at all for reasons of incomplete or incorrect information, I would not hold Indian Overseas
Bank / Registrar responsible.
I further undertake to inform the Registrar / Indian Overseas Bank of any change in my Bank, Branch
and Account no.
* Obtain from your Branch (Signature of the First / Sole Shareholder)
150

IOB Annual Report 2009-2010

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ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank

ÌãããäÓãÃã ãäÀ¹ããñÃ Annual Report 2009-2010

Ñããè Ôã..¼ã Shri S A Bhat

Ñããè ãñ. Ôãì¶ªÀ Àãã¶ã Shri K Sundar Rajan

ÌãããäÓãÃã ãäÀ¹ããñÃ Annual Report 2009-2010

ãä¶ãªñÍãããò ããè ãäÀ¹ããñÃ Êãñãã-¹ãÀãèàãããò ããè ãäÀ¹ããñÃ

¹ãÆºãâ£ã¶ã ãäÌãÞããÀ - ãäÌã½ãÍãÃ ããõÀ ãäÌãÍÊãñÓã¥ã ¹ãÆãùãÔããè ¹ãã½ãÃ 145

ÌãÓãÃ 2009-10 ãñ ãäÊã ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ ¹ããäÔ©ããä¦ã ¹ãÞããê

ãäÌã¦¦ããè¾ã ãõÊãñ¥¡À Financial Calendar

Íãñ¾ãÀ£ããÀããò ããñ ã¶ãìªñÍã : ããä¦ã ããÌãÍ¾ãã Ìã ¦ã¦ããÊã

Instructions to Shareholders : Most Urgent and Immediate

Ñããè Ôã. . ¼ã

ãä¹ãÆ¾ã Íãñ¾ãÀ£ããÀããñ, Dear Shareholders,

I present your Banks Annual Report and financial

è ¹ãÆãä¦ã ã½ãÃÞããÀãè Ì¾ãã¹ããÀ ãÖãú Á.6.89 ãÀãñü¡ Ôãñ ºãü¤ãÀ Á.7.12

While the business per employee has

è ½ããÞãÃ 2010 ¦ãã ÔããÊã ã¶ããÃã ãããäÔ¦ã Á.3,611 ãÀãñü¡ ÀÖãèý

During the year under review, globally, recovery

ãã¹ããã , Yours sincerely,

Ôã  ¼ã S A BHAT

Þãñ¶¶ãõ (Ôãû û ¼ã)

9. ¹ããñãäÊã¾ããñ ãã Ôã½ãñã¶ã 9. CONSOLIDATION OF FOLIOS :

Þãñ¶¶ãõ (Ôãû û ¼ã) Chennai (S A BHAT)

Á. ãÀãñü¡ãò ½ãò Rs.in crore

½ããÞãÃ 2010 ½ããÞãÃ 2009

ÔããÌãÃ¼ããõãä½ãã ÔããÊã ããäØãÆ½ã

ªñÍããè¾ã ÔããÊã ããäØãÆ½ã

¹ãÆã©ããä½ãã¦ãã àãñ¨ã ããäØãÆ½ã

¹ãîúããè ¹ã¾ããÃ¹¦ã¦ãã ã¶ãì¹ãã¦ã Capital Adequacy Ratio

ãã¹ããóÀñ ØãÌã¶ãó¶Ôã Corporate Governance

Þãñ ¸ ãõ Ôã. . ¼ã Chennai S. A. BHAT

Ì¾ãã¹ããÀãè ºãöãäãâØã Merchant Banking

¹ãñ½ãò ØãñÌãñ Payment Gateway

ããä ¼ ã¹ãÆ ñ À ¥ãã Motivation

ã. Ôãâ À Þã¶ãã a. Composition:

15 Ñããè  ÌãñÊÊãõ¾ã¶ã Íñã¾ãÀ£ããÀã ØãõÀ ãã¾ãÃ¹ããÊãã 08.12.2008 - 15 Shri A Vellayan Shareholder

1 04.05.2009 Þãñ¸ãõ SL NO. DATE OF MEETING PLACE HELD

3.5 ØãÆãÖã ÔãñÌãã Ôããä½ããä¦ã l 3.5 Customer Service Committee:

4 Ñããè½ã¦ããè ¶ãì¹ãîÀ ãä½ã¨ãã 07.12.2009 1/1 3. Shri Y L Madan 16.05.2008 3/ 3

(ÔãñÌãã ãä¶ãÌãð¦¦ã) Performance

c. The quarterly results are also being displayed

ã. ãä Ì ã¦¦ããè ¾ ã ÌãÓãÃ : 01st April 2009 to 31st March 2010

Ý ãª§ã Êãã¼ããâ Í ã : The Banking Companies (Acquisition and

ããñ ãâ¦ããäÀ¦ã ãÀ¶ãñ ããè ¦ããÀãèã Dividend for Date of Transfer

2000-01 08.12.2006 to Unpaid Dividend A/c

½ã³ãÔã Ôãùã ãÔãÞãòã** ããããñºããè Madras Stock Exchange Ltd.** IOB

½ãìâºãÃ Ôãùã ãÔãÞãòã 532388 Bombay Stock Exchange Ltd. 532388

01-04-2009 Ôãñ 31-03-2010 ãñ ªãõÀã¶ã ¶ãÔãÃ ãä¶ãü¹ããè ããè

¡. 31.03.2010 ¦ãã ãäÌãªñÍããè Íãñ¾ãÀ £ããÀ¥ã m. Foreign Shareholding as on 31.03.2010

01 ãäÌãªñÍããè ÔãâÔ©ããØã¦ã ãä¶ãÌãñÍãã 1 Foreign Institutional

ª. ¹ã¨ããÞããÀ ãÀ¶ãñ ãã ¹ã¦ãã: r. Address for Correspondence:

ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank

Þãñ¶¶ãõ (Ôãû û ¼ã) Chennai (S A BHAT)

02 ¶ãã½ã Ñããè ÌããÃ Êã ½ãªã¶ã 02 Name Shri Y L Madan

03 ¶ãã½ã Ñããè½ã¦ããè ¶ãî¹ãìÀ ãä½ã¨ãã 03 Name Smt. Nupur Mitra

04 ¶ãã½ã ¡ãù. ãäÌã¶ããè¦ãã ãì½ããÀ 04 Name Dr. Vinita Kumar

ãã¾ãì ããõÀ ã¶½ã-ãä¦ããä©ã Age and Date of Birth 55 years - 25.12.1954

05 ¶ãã½ã Ñããè½ã¦ããè ãäÞã¨ãã Þãâ³½ããõÊããèÍÌãÀ¶ã 05 Name Smt. Chitra Chandramouliswaran

¾ããñØ¾ã¦ãã Qualification M.Sc., CAIIB.,

ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãî¶¾ã Shareholding in IOB Nil

ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank

ÌãããäÓãÃã ãäÀ¹ããñÃ Annual Report 2009-2010

Ñããè Ôã..¼ã Shri S A Bhat

Ñããè ãñ. Ôãì¶ªÀ Àãã¶ã Shri K Sundar Rajan

ÌãããäÓãÃã ãäÀ¹ããñÃ Annual Report 2009-2010

ãä¶ãªñÍãããò ããè ãäÀ¹ããñÃ Êãñãã-¹ãÀãèàãããò ããè ãäÀ¹ããñÃ

¹ãÆºãâ£ã¶ã ãäÌãÞããÀ - ãäÌã½ãÍãÃ ããõÀ ãäÌãÍÊãñÓã¥ã ¹ãÆãùãÔããè ¹ãã½ãÃ 145

ÌãÓãÃ 2009-10 ãñ ãäÊã ãã¹ããóÀñ ØãÌã¶ãó¶Ôã ¹ãÀ ¹ããäÔ©ããä¦ã ¹ãÞããê

ãäÌã¦¦ããè¾ã ãõÊãñ¥¡À Financial Calendar

Íãñ¾ãÀ£ããÀããò ããñ ã¶ãìªñÍã : ããä¦ã ããÌãÍ¾ãã Ìã ¦ã¦ããÊã

Ñããè Ôã. . ¼ã

ãä¹ãÆ¾ã Íãñ¾ãÀ£ããÀããñ, Dear Shareholders,

I present your Banks Annual Report and financial

è ¹ãÆãä¦ã ã½ãÃÞããÀãè Ì¾ãã¹ããÀ ãÖãú Á.6.89 ãÀãñü¡ Ôãñ ºãü¤ãÀ Á.7.12

è ½ããÞãÃ 2010 ¦ãã ÔããÊã ã¶ããÃã ãããäÔ¦ã Á.3,611 ãÀãñü¡ ÀÖãèý

ãã¹ããã , Yours sincerely,

Ôã ¼ã S A BHAT

Þãñ¶¶ãõ (Ôãû û ¼ã)

9. ¹ããñãäÊã¾ããñ ãã Ôã½ãñã¶ã 9. CONSOLIDATION OF FOLIOS :

Þãñ¶¶ãõ (Ôãû û ¼ã) Chennai (S A BHAT)

Á. ãÀãñü¡ãò ½ãò Rs.in crore

ÔããÌãÃ¼ããõãä½ãã ÔããÊã ããäØãÆ½ã

ªñÍããè¾ã ÔããÊã ããäØãÆ½ã

¹ãÆã©ããä½ãã¦ãã àãñ¨ã ããäØãÆ½ã

¹ãîúããè ¹ã¾ããÃ¹¦ã¦ãã ã¶ãì¹ãã¦ã Capital Adequacy Ratio

ãã¹ããóÀñ ØãÌã¶ãó¶Ôã Corporate Governance

Þãñ ¸ ãõ Ôã. . ¼ã Chennai S. A. BHAT

Ì¾ãã¹ããÀãè ºãöãäãâØã Merchant Banking

¹ãñ½ãò ØãñÌãñ Payment Gateway

ããä ¼ ã¹ãÆ ñ À ¥ãã Motivation

ã. Ôãâ À Þã¶ãã a. Composition:

15 Ñããè ÌãñÊÊãõ¾ã¶ã Íñã¾ãÀ£ããÀã ØãõÀ ãã¾ãÃ¹ããÊãã 08.12.2008 - 15 Shri A Vellayan Shareholder

3.5 ØãÆãÖã ÔãñÌãã Ôããä½ããä¦ã l 3.5 Customer Service Committee:

ã. ãä Ì ã¦¦ããè ¾ ã ÌãÓãÃ : 01st April 2009 to 31st March 2010

Ý ãª§ã Êãã¼ããâ Í ã : The Banking Companies (Acquisition and

ããñ ãâ¦ããäÀ¦ã ãÀ¶ãñ ããè ¦ããÀãèã Dividend for Date of Transfer

½ã³ãÔã Ôãùã ãÔãÞãòã ããããñºããè Madras Stock Exchange Ltd. IOB

½ãìâºãÃ Ôãùã ãÔãÞãòã 532388 Bombay Stock Exchange Ltd. 532388

01-04-2009 Ôãñ 31-03-2010 ãñ ªãõÀã¶ã ¶ãÔãÃ ãä¶ãü¹ããè ããè

¡. 31.03.2010 ¦ãã ãäÌãªñÍããè Íãñ¾ãÀ £ããÀ¥ã m. Foreign Shareholding as on 31.03.2010

01 ãäÌãªñÍããè ÔãâÔ©ããØã¦ã ãä¶ãÌãñÍãã 1 Foreign Institutional

ª. ¹ã¨ããÞããÀ ãÀ¶ãñ ãã ¹ã¦ãã: r. Address for Correspondence:

ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã Indian Overseas Bank

Þãñ¶¶ãõ (Ôãû û ¼ã) Chennai (S A BHAT)

02 ¶ãã½ã Ñããè ÌããÃ Êã ½ãªã¶ã 02 Name Shri Y L Madan

04 ¶ãã½ã ¡ãù. ãäÌã¶ããè¦ãã ãì½ããÀ 04 Name Dr. Vinita Kumar

ãã¾ãì ããõÀ ã¶½ã-ãä¦ããä©ã Age and Date of Birth 55 years - 25.12.1954

ããããñºããè ½ãò Íãñ¾ãÀ£ãããäÀ¦ãã Íãî¶¾ã Shareholding in IOB Nil

06 ¶ãã½ã Ñããè ¶ã.Ñããè£ãÀ¶ã 06 Name Shri N. Sridaran

07 ¶ãã½ã Ñããè ãñ. ãã¶ãâª ãì½ããÀ 07 Name Shri K. Ananda Kumar

¾ããñØ¾ã¦ãã ºããè.ããù½ã, .Ôããè.., Ôããèããããºããè Qualification B Com., A.C.A., CAIIB

ã¶¾ã ãä¶ãªñÍãã¦ãã Íãî¶¾ã Other Directorships Nil

09 ¶ãã½ã Ñããè ÔãîÀã ã¨ããè 09 Name Shri Sooraj Khatri

Ìã¦ãÃ½ãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the

ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 08 12 2008 Date of Appointment 08.12.2008

Ìã¦ãÃ½ãã¶ã ãã¾ããÃÌããä£ã ããè Date of expiry of the

11 ¶ãã½ã ¡ãù. ãäÞãÀâããèºã Ôãñ¶ã 11 Name Dr. Chiranjib Sen

12 ¶ãã½ã Ñããè ÌãñÊÊã¾ã¶ã 12 Name SHRI A VELLAYAN

ãä¶ã¾ãìãäã¦ã ããè ¦ããÀãèã 08 12 2008 Date of Appointment 08.12.2008

ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã

ãð¦ãñ ãä¥¡¾ã¶ã ããñÌãÀÔããèûã ºãöã For Indian Overseas Bank

(ºããè.Ôã.ãñÍãÌã½ãîãä¦ãÃ ) (Ôã. .¼ã) (B.S. KESHAVA MURTHY) (S.A. BHAT)

ã¶ãìÔãîãäÞã¾ããú 31.03.2010 31.03.2009

Ôã½ãããäÑã¦ã ªñ¾ã¦ããú Contingent Liabilities 12 39340 50 50 38379 26 22

ã¶ãìÔãîÞããè-2 SCHEDULE - 2 31.03.2010 ¦ãã 31.03.2009 ¦ãã

ã. I. ½ããúØã ãä¶ãàãñ¹ ã A. I. DEMAND DEPOSITS

I I . ºãÞã¦ã ºãö ã ãä ¶ ãàãñ ¹ ã II. SAVINGS BANK DEPOSITS 26450 89 07 22156 44 41

ã¶ãìÔãîÞããè-4 SCHEDULE - 4 31.03.2010 ¦ãã 31.03.2009 ¦ãã

I. ¼ããÀ¦ã ½ãò ãäÊã Øã £ããÀ I. BORROWINGS IN INDIA

I I I . ¹ãÀ I Ìã II ½ãò Ôããä½½ããäÊã¦ã ¹ãÆãä¦ã¼ãî¦ã £ããÀ III. Secured borrowings

ã¶ãìÔãîÞããè-5 SCHEDULE - 5 31.03.2010 ¦ãã 31.03.2009 ¦ãã

i) ÞããÊãî ãã¦ãñ ½ãò ãä¦ãÍãñÓã i) in Current Account 6996 11 99 5260 47 49

ii) ã¶¾ã ãã¦ããò ½ãò ãä¦ãÍãñÓã ii) in Other Accounts

ã¶ãìÔãîÞããè-7 SCHEDULE - 7 31.03.2010 ¦ãã 31.03.2009 ¦ãã

i) ºãöããò ½ãò ÍãñÓã i) Balances with banks

ã. ÞããÊãî ãã¦ãñ ½ãò a) In Current Accounts 168 25 34 212 07 03

ã. ºãöããò ãñ Ôãã©ã a) With banks 539 00 00 1145 00 00

ã. ã¶¾ã ÔãâÔ©ããããò ãñ Ôãã©ã b) With other institutions 0 0

II. ¼ããÀ¦ã ãñ ºããÖÀ II. Outside India

ã . ÞããÊãî ãã¦ãñ ½ãò a) In Current Accounts 351 17 98 199 67 86