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ALLAHABAD BANK
www.allahabadbank.in
-S / contents
JtrMofU r;Ju=l
ANNUAL REPORT
2010-11
{. . / Page No.
{. . / Page No.
02
03-07
08-12
E E xnE E {]
13-26
- II |E]Eh
27-54
fUthvtuhux dJluom { {]
55-78
79
E E k h
80-122
E E J{IE E {]
Auditors Report of the Bank
187-188
vhtuGe
189-190
<B b] i
191-192
10.06.2011
14.05.2011
|vEi |ixv E xH Ex v
{I YJk mkfUv tr; fUe ykr;b r;r:
Last date for receipt of proxy form
186
|{i Ex E B vE E
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Cut off Date for ascertaining the
Shareholders eligibility to get dividend
={li {S B | {j
123-124
bnJvqKo EG YJk il
181-185
Proxy Form
+ E <xx . E J{IE E {]
Corporate Governance
157-180
Basel - II Disclosure
154-156
Financial Statements of
AllBank Finance Ltd.
+ E <xx . E xnE E {]
Directors' Report of AllBank Finance Ltd.
152-153
Financial Statement
Director's Message
Ei k h { J{IE E {]
Auditors Report on Consolidated
125-151
Ei k h
06.06.2011
- III,
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ALLAHABAD BANK
1. su. {. =qqyt
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SHRI J. P. DUA
SHRI D. SARKAR
Executive Director
SHRI M. R. NAYAK
Executive Director
SHRI S. RAMASWAMY
Director
Director
SHRI R.M.CHATURVEDI
Director
SHRI P.V.GUDIREDDY
Director
Director
Director
Director
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J-{IE/AUDITORS
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Chartered Accountants
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Chartered Accountants
Chartered Accountants
Chartered Accountants
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Chartered Accountants
Chartered Accountants
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EEi-700 029
]x - 033 2454-1892/1893
C - 033-24541961
<- : mcscal@cal2.vsnl.net.in
Website : www.mcsdel.com
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Dear Shareholders,
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2.3
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E V Ji B pi v +x E V Jx E
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2.4
2.5
2.6
The Bank has put itself into the orbit of fast growing Public
Sector Banks. The market share of your bank is projected
to grow further this year. The confidence is coming from
the capacity that we have built up over the last few years
like implementation of 100% Core Banking Solution
(CBS), Pan India presence of more than 2400 branches,
introduction of structured products and establishing
Central Retail Banking Boutiques (CRBBs) etc.
3.
3.1
3.2
3.3
3.4
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2010-11 gE 16.69% M VE < +v E
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+v E nx E E O xv Mi 5.99% P]E 5.85%
M<* {] E {xix E l SE @h r +O
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Ec 26.87% gE 31.03.2011 E lli .
2,26,458 Ec iE {S M* E V 31.03.2010
E lli . 1,06,056 Ec E {I 24.36% g E
31.03.2011 E lli . 1,31,887 Ec M<* E
E E @h 31.03.2010 E . 72,437 Ec E {I
30.56% g E 31.03.2011 E lli . 94,571
Ec M*
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E @h E 1.69% E {I 31.03.2011 E 1.74% *
x Bx{B 31.03.2010 E 0.66% E {I 31.03.2011 E
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6. Business
6.1
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Ec i E E +]i EB * {V E +
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10. |tME
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k 24% E r E I J + S 2012 i
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Ex i =iE]i E |l {E |nx E M* {E
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+{x i {i Ex { , { lx + ii Mnx
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n
5 <, 2011
18. Acknowledgement
Before I close, I would like to place on record our deep sense
of gratitude to Government of India and RBI for their unstinted
support and continued guidance. The Board of Directors has
always been supportive and I thank the members of the Board
for their encouragement and guidance. Cordial atmosphere
in the Bank continued during the year and the participation of
rank and file in the business development deserves a word
of appreciation. It is the confidence of 26 million customers
which keeps up our spirits and inspires us to better
performance.
19. Conclusion
As your Bank enters the 147th year of purposeful existence, I
am confident that with the continued support and patronage
of the shareholders, customers, employees and well wishers
as well as the Government of India & Reserve Bank of India,
your bank will continue its march toward excellence and will
be a force to reckon with within the Industry.
+{E
Yours sincerely,
(V.{. n+)
(J. P. Dua)
+vI B |v xnE
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ALLAHABAD BANK
Sx
NOTICE
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1.
2.
Place : Kolkata
Date : 02-05-2011
( J. P. Dua)
Chairman & Managing Director
ltuxTm
NOTES:
1. |C E xH :
1.
2. |vEi |ixv E xH :
2.
APPOINTMENT OF PROXY
3. ={li {S--|u{j :
3.
vE E v i ={li {S--|-{j E {]
E l Mx * vE / |C vE / |vEi |ixv
+xv E < + < nB MB lx { iI E
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4. vE E V] E xn E Vx :
4.
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|Vx E E vE E V] + +xih
mtub, 16 <, 2011 Nwf{U, 10 Vx 2011 iE (nx nx
) n hnde*
5. E Mix :
5. PAYMENT OF DIVIDEND
E + ` E vE u Pi E Mix, n
E< , =x vE E E VBM VxE x:
6. +nk/+nEi
6.
a)
b)
UNPAID/UNCLAIMED DIVIDEND
Vx vE x k 2009-10 iE +{x E n x
E ni =x +xv E V] + ] BV], .
BB ]b E { v n(n) nJ E*
7. +l xx <C]xE CM : (Bx<B)
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7.
<x h E ] E SE { x E l-l
pi E VBM iE <x ] E vE <i E +x
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7.2
8.
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xnx b] { Ex xE E B +x *
E E E b]<Vx i E x xx C]
b{V] . (Bx.B.b.B.) + ] b{V] V (<b)
. (.b.B.B.) E l VEi E{x E { E E *
10
9. +n
+n E h xxx :
i)
ii)
iii)
9. UNCLAIMED SHARES
The details of unclaimed shares are as under:
i)
4461
on 01-04-2010
2010-11 E n x l E Ji + i i
335
ii)
31.03.2011 E lli E/
+n
iii)
Shares outstanding/unclaimed as
-
4126
335
Shares outstanding/unclaimed as
on 31-03-2011
E/+n E v ivE { VV u n
EB Vx iE E M M*
4461
4126
11. vE E EB :
0 BB ]b (x]-<n E)
77/2B, W b
EEi - 700 029
n : 033-2454-1892, 033-2454-1893
C : 033-2454-1961
<- : allahabadbank.grievance@yahoo.co.in
11
14. vE E ii + | |nx Ex E =q
<n E x +{x |vx E, EEi BE xE
Ei EI E l{x E * vE + xE E
|E E i i xxJi {i { < EI {E l{i
E Ei :
14. In order to facilitate quick and efficient service to the shareholders, Allahabad Bank has set up Investors Grievances
Cell at its Head Office, Kolkata. Shareholders and investors may contact this Cell at the under mentioned addresses for any assistance:
|vE
( B ), B + B +x{x +vE
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2 xiV b, EEi - 700001
n J - 033-2242 0899
C x. 033-2210 7424
<- - gmfa@allahabadbank.in
E{x S
M B xE Ei xh EI
|vx E
2 xiV b, EEi - 700001
n J - 033-2242 0878
C x. 033-2210 7424
<- - investors.grievance@ allahabadbank.in
The Company Secretary
Share Deptt. & Investors Grievance Cell
Head Office
2, Netaji Subhas Road, Kolkata- 700 001
Telephone No.033-22420878
Fax No. 033- 22107424
Email-investors.grievance@ allahabadbank.in
15. +x Sx
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ii x E VBM*
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lx : EEi
nxE : 02-05-2011
(V.{. n+)
+vI B |v xnE
Place : Kolkata
Date : 02-05-2011
12
(J. P. Dua)
Chairman & Managing Director
<n E
ALLAHABAD BANK
xnE E {]
+| 2010 S 2011
DIRECTORS REPORT
APRIL 2010 TO MARCH 2011
|vx SS B h
{E +lE {o
E k E] E =k | E x + |vx E
Eh k 2010-11 BE V] + Sxi{h *
< E] E +i Ei E -|< Ij il {E
k V < + < E] E n E +l-l
U MB V +ii: {h E +lE E] =i{z +*
i +l-l = n iE | V iE +i]
k V { + x nx E v +ll
r l*
E P]xG
GLOBAL DEVELOPMENT
P P]xG
DOMESTIC DEVELOPMENT
13
Si + x =SS r E E E EE x*
E P Si (VbB) S V Ei Vb{ |ii E
{ 2008-09 32.2% E ix 2009-10 33.7% *
2009-10 P Si E E n 23.5% * E {V
xh (x) n 2008-09 34.5% E {I 2009-10
36.5% *
The high growth in the savings and investment has been the
growth enabler in recent years. Gross Domestic Saving (GDS),
as percentage of GDP at current market prices has been 33.7%
in 2009-10 as compared to 32.2% in 2008-09. The growth in
household saving rate has been 23.5% in 2009-10. The rate
of Gross Capital Formation (Investment) was 36.5% in 200910 as against 34.5% in 2008-09.
iE x, i+ E =SSi Ei + E i
V +li Sxi E * 2010-11 E +
+| 2010 11.0% E n +E pi <*
+| V< 2010 iE n +E x x E n x
2010 P]E 7.5% M<* Ex |k =] M< +
pi gE n, 2010 9.41%, Vx, 2011
8.23% + , 2011 8.31% M<* < E Ij
xn r x E Vn pi =SS Jt Ei E Eh
g B i { x * lE SEE { +vi pi
S 2011 8.98% E =SSi i { x * iE
x r E J { +{i E Ei E n V
Ei *
V iE +ll E Ij E v , 2010-2011 E nx
xi E Mi v * Exi E v + B< n E
l { r E Eh xi g* VE {h{
{ P] E +* S 2011 E {i E nx xi
37.5% E r nV Ei B 245.9 x B b iE
{S M V +{I +vE * < +v E nx +i
350.3 x B b VE {h{ S 2011
i { P] E +Ec P]E 104.4 x B b
M*
EM + k Ij P]xG
V n v xi v-v n +* 2010-11 pE
xi pi { xjh i xiMi n r E ={ E {
x * i V E u Mi n r Ex +
|h {i ii E E E li E Eh E x +{x
V + @h n E vi E*
i k V E <C] + n p V E
P]xG |i B* E x +{x vx Oh i V
|h{j E V {h + n nx r
nJ M< * { E xM iV +< CE Ji ii
{li E Si E{x x xv i E{E x+ E
i E *
14
i E x +ll E @h ={v Ex J E
xx V J* hVE Ij E k vx E E |
E MM 60% E E { * n +v { E @h 25
S, 2011 E 21.4% E r E l gE . 3938659
Ec M V k 2011 i i W E E M-Jt
@h E 20% E +xxi I +vE * +xSi hVE
E E E V n +v { 15.8% E r <
+ < |E 25 S, 2011 E lli . 5204703
Ec E i { {S M*
2012 E xB
<n E E Ex{nx
{SxMi {h
S 09
Mar09
S 10
(%)
S 11
Mar10
Growth (%)
Mar11
Growth (%)
768.60
1206.33
56.95
1423.11
17.97
1901.15
2548.55
34.05
3054.58
19.86
1328.45
1972.00
48.44
2894.34
46.77
(%)
|vx B +EEiB
Provisions & Contingencies
1132.55
1342.22
18.51
1631.47
21.55
E + / Total Income
8506.65
9885.10
16.20
12385.10
25.29
6605.50
7336.55
11.07
9330.52
27.18
V |b / Interest Spread
E V / Total Deposits
E +O / Total Advances
E / Total Business
E x / Gross Investments
2158.67
2650.48
22.78
4022.47
51.76
84971.79
106055.75
24.81
131887.16
24.36
59443.40
72437.31
21.86
94570.93
30.56
144415.19
178493.06
23.60
226458.09
26.87
30081.35
38680.43
28.59
43544.84
12.58
E (|vx E UcE)
15
Ex{nx ]iB
Performance Highlights
E E E {U E . 1,78,493 Ec E
{I n +v { 26.87% E r ni B .
2,26,458Ec M *
{Sx {U E .2,549 Ec E {I n
+v { 19.86% E r ni B gE . 3,055
Ec { {S M*
x {U E .1,206 Ec E {I n
+v { 17.97% E r ni B 31.03.2011 E
{i k E nx gE .1,423 Ec M*
x V Vx (Bx+<B) {U E 2.94% E {I
gE S 2011 E {i k E nx 3.38%
M*
E E V 1,06,056 Ec gE 1,31,887
Ec M<* n +v {, E V 24.36%
E r < *
E @h .72,437 Ec E {I gE .94,571
Ec M* n +v { E @h 30.56%
E r <*
@h V +x{i {U E 68.93% E {I gE S,
2011 E lli 72.18% M*
k E nx ] @h 29.23% E r E l
.10,082 Ec gE .13,029 Ec M*
M-xv M V + {U E .697Ec E {I
S, 2011 E {i k E nx .857Ec *
Gross NPA to Gross Advances and Net NPA to Net Advances Ratios stood at 1.74% and 0.79% as at March,
2011-end respectively.
{V B +Ii xv
16
k {h /
FINANCIALS
E E i{h +x{i xS nB MB
xnb / Parameters
31.3.09
31.3.10
31.3.11
13.11
13.62
12.96
8.01
8.12
8.57
5.10
5.50
4.39
2.54
2.54
3.31
6.67
5.99
5.85
9.62
8.68
9.19
6.62
5.97
5.83
10.88
10.57
10.50
17.21
27.01
31.85
131.00
151.17
178.64
0.90
1.16
1.11
16.49
22.21
21.04
76.45
78.95
75.67
0.72
0.66
0.79
3.76
5.76
6.70
706
845
1063
V / Of which
] II (%) / Tier II (%)
I Tier I (%)
+i Et xv |b (%)
Spread to Average Working Fund (%)
V E +i Mi (%)
Average Cost of Funds (%)
xv { +i + (%)
Average Yield on Funds (%)
V E +i Mi (%)
Average Cost of Deposits (%)
+O { +i + (%)
E B JB
V Oh
E E E V lli 31.03.2011 E 24.36% E
=Jx r ni B .131887 Ec M<* E Mi
V lli 31.03.2011 E 20.69% gE .44156
Ec M< V E V E 33.70 % *
E x E Mi V Oh { V n + E nx
Si E V + S Ji V Oh +x SB MB*
Si E V Oh +x ( 01.09.2010 31.03.2011) E
nx 1.3 x +vE xB Si Ji J MB + Ji
. 2663.37 Ec E V Oi <*
DEPOSIT MOBILISATION
Total deposits of the Bank showed a significant growth of 24.36
% to Rs. 131887 crores as on 31.3.2011. Low cost deposits
grew by 20.69% to Rs.44156 crores as on 31.3.2011,
constituting 33.70 % of aggregate deposits.
Bank emphasized on low cost deposits mobilization and
observed saving deposits & CASA deposits mobilization
campaign during the year. During the SB mobilization
campaign (from 01.09.10-31.03.11), over 1.3 million new
saving accounts were opened and saving deposit mobilized
to the tune of Rs.2663.37 crores.
17
@h +xVx
CREDIT DEPLOYMENT
E x +x{V +i E E +ii i n * E x
2010-11 E nx +{Ji @h i +x{V +i
.929.16 Ec E E VE 2009-10
.681.35 Ec l* 31.03.2011 E E E E Bx{B +
x Bx{B G: .1674.92 Ec + .736.37 Ec l*
E +O + x +O E Bx{B il x Bx{B
E |ii G: 1.74% + 0.79% * E E |vx EV
+x{i 75.67% *
The Bank attached great importance on recovery of nonperforming assets. The Bank has recovered Rs 929.16 cr from
non performing assets including written off debts during 201011 as against Rs 681.35 cr in 2009-10. The Gross & Net Nonperforming assets of the Bank stood at Rs. 1647.92 crores &
Rs. 736.37 crores as on 31.03.2011 The Gross & Net NPAs
as percentage to gross advances & net advance was 1.74 %
& 0.79 % respectively. The provision coverage ratio of the Bank
stood at 75.67%
VE EM
SOCIAL BANKING
MSME Sector:
18
lli E I + P =t I =t E +
50.68% E ={v Ei B ] I (50%)
E { E M* I, P B v =t (BBB<) Ij
E @h -n- +v { 47.21% E r ni B
31.03.2011 E lli .9771 Ec gE .
14384 Ec M*
<E +iH E x V]BB< E +iMi EB
MB {E H @h E {nM { i +vE n
* 31.03.2011 E lli V]BB< E +iMi
. 896.80 Ec E 26092 |i E E M
+ E 2010-11 E nx V]BB< E +iMi |i
E J E k Ex{nx Ex E E
{ = *
iE 1: |lEi Ij @h /
Ij/VxB
/ Sector / Schemes
/ March 2010
(.Ec )
(. Ec )
Amount
(Rs. crores)
Amount
(Rs. crores)
24279
30764
11567
8340
3227
8188
13387
9808
3579
11990
5091
4524
6150
6077
5387
7547
] I S
Important Ratios
National Goal
EB MB xB =i{n/VxB
E x E +vi =tM E vx + E =i{n E
{ i i |lEi Ij @h E +iMi +xE
SxMi =i{n EB * < M x] E k{h
Vx, +gi (Ex BV]) i +E Cb Vx,
CxE B xM +n i bC]/bE |C]x E
k{h E Vx, B+</Exp E +l V E
xM/BV E l {]] E E +iMi Mn E xh
E Vx, V |Eh <E< E k{h E Vx*
/ March 2011
/March
/ March
2010
2011
40
18
41.29
18.68
42.96
18.20
50
10
62.25
10.46
50.68
10.54
19
I k l+ (BB+<) E E x
E u .218.54 Ec E 18 BB+< Ji
Ei EB MB* 31.03.2011 E lli <x E
.127.93 Ec l*
l
V i E i (BB)
E x BB VE E { ZJb V Ei
E E M V E +lE =ilx E B EM |
E xi Ex { nx V J , 2000 +vE
VxJ 1541 O E EM vB |nx Ex i
JE i E * B]B v BE < EM x
Si E M< V V 12 M E EM vB
|nx Ei * E x S BE E<x bM x S E
* E x - { BB E ` E +Vi E
+ BB E V E E i SS B EM { E
I E BE og S E { l{i E *
l
+Oh E Vx
Ij Mh E (++)
E u |Vi n Ij Oh E * BE =k |n
<n { Oh E E x + n v |n
n Oh E E x * <x nx Ij Oh E x
E @h Vx E +iMi 2010-11 E nx .1681.50
Ec E I E {I .1637.07 Ec ii E 97.36%
I |{i E * <x nx Ij Oh E x +{x
Ex{nx v E V Ji B 2010-11 E nx
. 79.20 Ec E E +Vi E* Si
2009-10 E nx .474.21 Ec E {I 2010-11
gE .553.42 Ec M*
l
17 V 13 =k |n, 2 ZJb il v |n + {S
M E BE-BE V +Oh E ni E +iMi V
@h Vx 2010-11E +iMi .1605.53 Ec E @h
ii E I E 93.31% E *
l
k x
]E ] x, nni+ E v ,
B]BH < EM x + iE JB Jx
V z b E +{xi B +<] li k
x E +iMi E E 2000 + +vE VxJ
2618 O E ni { M V S 2012 iE
EM +=]] JE EM B |nx E Vx * E
u E nx 1046 M E I E {I 1054 M E
E Ei B BSBSb E v ] Eb u xnx
E M *
Financial Inclusion
Bank has been given the responsibility of 2618 villages
having population of 2000 and above where banking
services are to be provided by opening of banking outlet
by March2012 under ICT enabled Financial Inclusion
by adopting various models viz. Biometric Smart Card
solution through Business Correspondents, Mobile
Banking Van fitted with ATM, and opening of Brick &
mortar branches. During the year the Bank had covered
1054 villages against a target of 1046 villages
Transaction by Smart cards through HHD has
commenced.
E{] VE ni
E x BE Vn E{] xME E { VE Eh
+ E E |i +{x E Vii B V E ii
20
E E n +xE ={ EB Vx EU
xxi :
k Ii + @h { Exp
k xnx E V]i+ +Mi Ex i i
vx + E nIi M E k I + @h
{ nx E =q E x + iE ""vx"" xE n
k Ii B @h { Exp J <x BE
EEi ({..) + n n (=.|.) li * 11 +
BB l{i Ex E E |Mi { *
Oh VM |Ih lx(+B<]+<)
Oh + + Ex E P =t l{i Ex
i E B Mn B |nx Ex E B E x
31.03.2011 iE 11 Oh VM |Ih lx
(+B<]+<) l{i EB * E x 2011-12 E nx
+Oh V 10 +x +B<]+< Jx E Vx
x< *
+i] EM :
E +{x +i] 56 |vEi/xq] J+ E
v Si Ei Vx 5 +xi] JB *
31.03.2011 E lli E E xi @h . 2911.23 Ec
l* E xiE E @h | gx i En =` * z
Exp { xiE E l `E +Vi E Vi *
INTERNATIONAL BANKING
The Bank carries out its International business through its
56 authorised/designated branches, which includes 5
international branches. Export credit of the Bank as on
31.03.2011 stood at Rs.2911.23 crore. The bank is taking steps
to increase the credit flow to exporters. Exporters meets are
arranged at various centers
n ={li
l
E E MEM BE n J * MEM J E
31.03.2010 E .1128 Ec E {I 31.03.2011
E gE .3284 Ec M * MEM J x 200910 E .12.63 Ec E {I 2010-11 E nx . 19.01
E +Vi E*
l
Overseas presence
E E xZx, Sx BE |ixv E il xE
nxn E +x E {hEi J Jx i {j * E
n + +vE JB Jx E x+ E {i M
*
] @h
Ei { vx Epi Ei B +{x OE E =iE]
|nx Ex E =q ] @h i E E n 27
+ B 75 ] EM ]E E v {i @h
{nM Sx * S 2011 E lli ] @h E +iMi
E E .13028.96 Ec l VE S, 2010 E
lli . 10082.14 Ec l* E nx 29.23%
E r ni * 2010-11 E nx ] @h E +iMi
ih Mi k E nx .3148.97 Ec E {I
.3868.63 Ec V 22.85% E r ni * 27 Exp
<]x] E v ] @h E +x<x +nx EB MB
* E x x E k{h i +xE |i`i +]<
xi+ E l Zi E +i { n * E x =SS x
RETAIL CREDIT
In order to deliver outstanding service to our customer with
focused attention in a specialized manner, the Bank has
dedicated delivery channel for Retail Lending through its 27
CRBBs & 75 Retail Banking Boutiques (RBBs) across the
country. Total outstanding under Retail Credit as on Mar 2011
stood at Rs. 13028.96 Crore as against Rs. 10082.14 Crore
as on Mar2010. This shows an increase of 29.23 % during
the year. Disbursement under Retail Credit during 2010-11
was Rs. 3868.63 Crore as against Rs.3148.97 Crore during
2009-10 registering a growth of 22.85 %. Online application
of Retail Loans through INTERNET at 27 centers was
introduced. Bank has finalized tie-up with a number of reputed
Automobile manufacturers for financing their vehicles. Bank
21
E +vi +
ii {I =i{n (]{{) (Vx, M-Vx, S+ b)
+ Mi k E .17.57 Ec gE k
2010-11 E nx . 19.69 Ec M< V 12.07% E r
ni * E E E{] vh Zn l x
{ x E E OE + ES i BE l
xi (x { E {h l ES) i E * xi
SEi Mi i r Ih |nx Ex E B V
H + { E B ={v *
VJ |vx
E x 2010-11 i @h VJ i xEEi +vh, V
VJ i +vi +v +vh + {Sx VJ i
xn EiE +vh E +iMi {V {{ii +x{i E Mhx
i -** xnb E Exi E *
OE
RISK MANAGEMENT
The Bank has implemented Basel II norms for calculation of
Capital Adequacy Ratio under Standardized Approach for
Credit Risk, Modified Duration Approach for Market Risk and
Basic Indicator Approach for operational Risk for the year
2010-11.
CUSTOMER SERVICE
Sx |tME
l E x lli 31.03.2011 E +{x J+ B E
Exi E *
l + E b Vx]M J+ E v OE
i +x<x ] @h |M B Ei v <]x]
<] { ={v *
l <]x] <] http://www.allahabadbank.in ix +
+li xn, +OV + M ={v *
l
INFORMATION TECHNOLOGY
l
l
l
l
l
xIh B J{I
E nx { i z b xE iEi
{ EB +Vi E *
V
l
V xi E +iMi z |vx E +x{x xSi
E M , V V +vx E v 3(3) E +iMi
niV E u { V E Vx, xn |{i
{j E =k xn n Vx, x+ i+ E
uE { |Ex, Jx O E uEh +n*
l
V Exx E Ij x Ex{nx E B
E E 2008-09 i V M, M j,
l
OFFICIAL LANGUAGE
23
E E M {jE jh v E V E uE M
{jE |iMi 2009-10 E +iMi i VxE Ij
E B k lx ii lx |{i +*
i V E u +Vi "+J i +i E
xn xv |iMi 2009-10' E "E'
E E |iM E "|l lx" il < |iMi E
"J" E E |iM E "ui lx" |{i
+*
xM V Exx i {E E +iMi V E
=iE] Exx E B E E |vx E E V
b, hb E, nnx E |l, hb E,
Jx> E ui, V b J, cn E ui,
] |Ih Exp nn E ui, il hb E,
nn E ii {E |{i B*
x vx E
l i E E { =x E E E u x {V
E E E i n M* 2010-11 E nx E x
1117 +vE (Y +vE i) + 990 {E
M E ES E i |G + E*
l
E nx |Ih + Ii xh { +ivE n
M * ni {o E +x{ E nx x {V i <xM B |Ih/+vx E +x E{E =zi Sx {
E n M*
|S |
l E x 2010-11 E nx E E U + b {Sx
gx E B ]Vx, b + S{j/{jE+, bM
+n E v ]{ |S +x S*
PUBLICITY ENDEVOURS
l
+xM l B H =t
l
24
vh i E E H =t E{x ""x
{ Vx < E{x ]b"" <bx +V
E, Ex]E E ., b <x]] . B V{x
E{x { E l 30% E <C] vi *
VxB
l
E +x E EM Miv E +iH ] , @h
x, h CE E G, BB il E +n
{ vx Epi EM*
E n i E Vx x *
2010-11 E nx xnE b, b E |vx B J
{I i x G: 15, 22 B 9 ` E E* 2010-11 E
nx xnE {nzi i, vE / xE E
Ei(xh) i, Sx |tME i, vJvc
xMx i, OE i, {v i, VJ
|vx i, xEx i, +ih i,
+]x i + }] G i x G: 5,1, 8,
7,4,1,4,1,18,1 B 2 ` E E*
FUTURE PLANS
xnE b
l
BOARD OF DIRECTORS
l
n{ Sv 30.06.2010 vE xnE E {
<n E r * Sv 1990 i |vx
lx, EEi | (+lE ) E { B
|nx E *
+.B Sin x 14.07.2010 E 3 E +v E
B xn JE h E +iMi E u xi xnE
E { E Oh E* Sin +x E l xn
JE , + =x 26 E +x *
M n x 16.08.2010 E 3 E +v E B
EM xnE E { E Oh E* M n
hV xiE + =x 38 E +x *
E nx n i, E. E. bM B i
VMxn E +{x EE E {i E {Si xnE
b xk B*
25
+
xnE b E E vE/xE E =xE ii lx +
Ih i vxn Y{i Ei * xnE b i W E,
i E il +x xE BV E |i =xE B
E , Mnx il lx E B +{x + H
Ei B =xE ii lx B M E Ex Ei * E
E |i OE u H EB MB ii + E B
=xE vxn Y{i Ei *
ACKNOWLEDGEMENTS
xnE b n SE n E Mnx E x
Ei + xB {nvE E Mi Ei *
xnE b E E E |i =xE {i + E B
x Y{i Ei *
xnE b E B + =xE + ,
(V.{. n+)
+vI B |v xnE
Date : 02.05.2011
Place : Kolkata
26
(J. P. Dua)
Chairman & Managing Director
Eh E {h{, nx E E B +x k lx E x z |E E VJ Vn *
-II Zi E +ii +x + nx <E gi |Vi E Si VJ |vx E H
ij E +Ei E M<* Sxi E E Ex E B E x i V E E - { V
nxn E +x{ z |E E VJ |vx |h x< *
2.
3.
4.
5.
6.
27
RISK MANAGEMENT
1.
Consequent upon globalization, Banks and other financial institutions all over the world are exposed to different
types of risks. The emergence of Basel-II accord and its increasing applicability throughout the world calls for sound
practices in risk management. To cope with the challenges, the Bank has put in place various risk management
practices and processes in line with the guidelines of the Reserve Bank of India issued from time to time.
2.
The Banks risk management objectives broadly covers proper identification, measurement, monitoring / control and
mitigation of the risks towards enhancing and maximizing the shareholders value by addressing appropriate trade
off between an expected reward and potential risk.
3.
The Bank has set up appropriate risk management organization structure. Board Level Sub-Committee known as
Risk Management Committee has been constituted in terms of RBI guidance note on Risk Management System.
The Committee evaluates overall risks faced by the Bank and put in place effective system to identify measure,
monitor and control risk. The committee further integrates various risk management functions at committee level.
i.e., integration through Credit Risk Management Committee (CRMC), Operational Risk Management Committee
(ORMC) and Asset Liability Committee (ALCO).
4.
General Manager (Integrated Risk Management) is looking after functioning of risk management aspect in integrated
manner at Banks Head Office, who is independent of business departments, for implementing best risk management
systems and practices in the Bank.
5.
In line with the guidelines issued by the RBI, the Bank has implemented New Capital Adequacy Framework (BaselII) with effect from March 31, 2008. The Basel-II framework, as referred, is based on three mutually reinforcing
pillars. While Pillar-1 of the revised framework addresses minimum capital requirement for Credit, Market and
Operational risk, Pillar2 (Supervisory Review Process) intends to ensure that the banks have adequate capital to
address all the risks in their business commensurate with Banks risk profile and control environment. As required,
the bank has put in place a Board approved policy on Internal Capital Adequacy Assessment Process (ICAAP).
6.
Pillar-3 refers to Market Discipline. As directed by the RBI, a set of disclosures (both qualitative & quantitative) are
published in Tables DF 1 to DF 10 (annexed) with regard to risk management in the bank, which will enable market
participants to access key information on the scope of application, capital risk exposures, risk assessment processes,
banks risk profile and level of capitalization etc. This would also provide the market participants with the necessary
data to evaluate the performance of the bank in various parameters.
28
h bB - 1
|Vi
MhiE |E]Eh
fU) E E x,V { Sx M *
F) J B xE |Vx i Ex +v {
Mi E {J, E +iMi E{x E
I{i h
i)
V {hi: Ei
ii)
V x{iE +v { Ei
iii)
V P]< M< ; il
iv)
|E]Eh E fS <n E { |V V
E *
b) E E +xM/E E{x + H =t xxx
+xM E{x: E E BE xxJi +xM E{x :
a)
+xM E{x E x
+ E <xx
31.03.2011 E lli
n xMx
i
(%)
100%
E l: E u xxJi n Ij Oh E E |Vi E Vi
*
E E x
n xMx
<n =| Oh E*
35%
n Oh E
35%
(%)
* =k
|n V n {i IO +li Jx> Ij Oh
E + jh Ij Oh E E n E BE x i IO
+li <n =| Oh E 02.03.2010 +ii +*
H =t : E x xxJi H =t E{x B +i
|iiEh x E :
E E x
n xMx
(%)
x { Vx
< E{x ]b
30%
BB+< (<b) .
27.04%
+xM, E E{x + H =t E i xn JE lx
(+<B+<) E J xE G: 21, 23 + 27 E +x J
h Ei E M *
i V E E nxn E +x E E +B+ E Mhx
i +xM, E E{x + Ci =t EB MB x E
]-I + ]-II {V x { P] M *
{hiE |E]Eh
1
E +xM E r {V E E< + x *
E x H =t +li x { Vx < E{x
]b i xMi , <C] G{x E v . 45.00
Ec E x E V <E E xMi {V E 30% V
E E nxnx VJ |nx E M * i V
E E nxn E +x Ci =t E{x x E E
]-* B ]-** {V x { P] M , CE E E
x i{h x E i +vE , V E x l+ E |nk
{V E 20% +l +vE *
29
Table DF 1
SCOPE OF APPLICATION
Position as on 31.03.2011
Qualitative Disclosures
a)
b)
i)
ii)
iii)
iv)
Country of
Incorporation
Ownership
(%)
India
100%
Country of
Incorporation
Ownership
(%)
India
30%
India
27.04%
QUANTITATIVE DISCLOSURES
30
h bB - 2
{V Sx
31.03.2011 E lli
MhiE |E]Eh
{V Ji E, ]-I +{ ]-II
x E {j {V Ji E J ]i+ E xvx B i
E
{hiE |E]Eh
G .
1
3.
3.1
3.2
3.3
4.
4.1
4.2
4.3
5.
6.
( < Ec )
476.22
7179.79
300.00
58.61
7897.40
4044.77
1000.00
0.00
1000.00
2611.90
0.00
2351.91
58.61
11942.17
+]x
E il
b
( .
Ec )
E{x n
+v
V Mix il
S r
]M
30.03.2009
150.00
9.20%
|i 30 S
BxB<
18.12.2009
150.00
9.08%
|i 18 n
BxB<
E-BB
G-BB+
E-BB
G-BB+
31
+]x
E il
b
( .
Ec )
E{x n
19.03.2009
500.00
9.28%
180
18.12.2009
500.00
8.58%
180
+v
V Mix il
S r
]M
|i 19 S
BxB<
|i 18 n
BxB<
E-BB
G-BB+
E-BB
G-BB+
+]x
E il
b
( .
Ec )
E{x n
31.03.2004
200.00
5.90%
13.03.2006
500.00
29.09.2006
+v
b
(]]Ei)
(Ec )
99
40.00
8.00%
120
400.00
561.90
8.85%
120
561.90
25.09.2007
500.00
10.00%
120
500.00
26.03.2009
400.00
9.23%
120
400.00
04.08.2009
450.00
8.45%
120
450.00
2611.90
2351.90
32
V Mix il
S r
]M
B< E- BB+
BxB< S-BB
E-BB+
13 S + i
+v E
BxB< G-BB+
29 i E BxB< E-BB+
G-BB+
BxB< E-BB+
31 S E
G-BB+
26 S E
BxB< E-BB+
G-BB+
4 +Mi E
BxB< E-BB+
G-BB+
31 S
Table DF 2
CAPITAL STRUCTURE
Position as on 31.03.2011
Qualitative Disclosures
Summary information on the terms and conditions of the main
features of all capital instruments, especially in the case of
capital instruments eligible for inclusion in Tier 1 or in Upper
Tier 2.
SL
No
Quantitative Disclosures
476.22
1.2 reserves;
7179.79
300.00
1.5 amounts deducted from Tier-I capital, including goodwill and investments.
58.61
7897.40
The total amount of Tier-II capital (net of deductions from Tier -II capital)
4044.77
1000.00
0.00
1000.00
2611.90
0.00
2351.91
58.61
11942.17
30.03.2009
BOND
AMT. (in
Rs. Crores)
150.00
18.12.2009
150.00
S.N.
DATE OF
ALLOTMENT
COUPON
RATE
TENOR
INTEREST PAYMENT
DATE
LISTED
9.20%
Perpetual
NSE
CARE- AA
CRISIL- AA+
9.08%
Perpetual
NSE
CARE- AA
CRISIL- AA+
33
RATING
19.03.2009
BOND
AMT. (In
Crores)
500.00
18.12.2009
500.00
S.N.
DATE OF
ALLOTMENT
COUPON
RATE
TENOR
INTEREST PAYMENT
DATE
LISTED
9.28%
180 months
NSE
CARE- AA
CRISIL- AA+
8.58%
180 months
NSE
CARE- AA
CRISIL- AA+
RATING
DATE OF
ALLOTMENT
BOND
AMT. (In
Crores)
COUPON
RATE
TENOR
BOND AMT.
(Discounted)
(in crores)
INTEREST
PAYMENT DATE
LISTED
RATING
1.
31.03.2004
200.00
5.90%
99
months
40.00
31st March
Annual
BSE &
NSE
CARE- AA+
FITCH- AA
2.
13.03.2006
500.00
8.00%
120
months
400.00
NSE
CARE- AA+
CRISIL-AA+
3.
29.09.2006
561.90
8.85%
120
months
561.90
29th September
Annual
NSE
CARE- AA+
CRISIL-AA+
4.
25.09.2007
500.00
10.00%
120
months
500.00
31st March
Annual
NSE
CARE- AA+
CRISIL-AA+
5.
26.03.2009
400.00
9.23%
120
months
400.00
26th March
Annual
NSE
CARE- AA+
CRISIL-AA+
6.
04.08.2009
450.00
8.45%
120
months
450.00
4th August
Annual
NSE
CARE- AA+
CRISIL-AA+
TOTAL
2611.90
2351.90
34
h bB - 3
{V {{ii
MhiE |E]Eh
31.03.2011 E lli
G .
1
3
4
{hiE |E]Eh
VJ |vx i {V +EiB
1.1 xEEi o]Eh E +vvx M
1.2 |iiEh BC{V
V VJ i {V +EiB
(xEEi +v o]Eh)
2.1 V n VJ
2.2 n x VJ(h i)
2.3 <C] VJ
{SxMi VJ i {V +EiB
( EiE o]Eh)
E B ]-I {V +x{i :
4.1 E +B+
4.2 ] I +B+
( < Ec )
7209.10
0.00
460.18
348.90
2.71
108.57
624.95
12.96%
8.57%
35
Table DF 3
CAPITAL ADEQUACY
Position as on 31.03.2011
Qualitative Disclosures
A summary discussion of the Banks approach to assessing the adequacy of its capital to support current and future
activities:
1.
The Reserve Bank of India (RBI) introduced a Risk Asset Ratio System for banks in India as a capital adequacy
measure covering the elements of Credit Risk in April 1992.The Balance sheet assets, non-funded items and other offbalance sheet exposures are assigned prescribed risk weights and banks have to maintain unimpaired minimum
capital funds equivalent to the prescribed ratio on the aggregate of the risk weighted assets on an on going basis.
Banks were advised to ensure capital adequacy at a minimum level of 4% on the aggregated risk weighted assets
including both fund based and non-fund based exposures by 31st March-1993 and 8% by 31st March-1996. The Minimum
level of Capital Adequacy was increased to 9% subsequently. These guidelines together are known as Basel-I guidelines.
2.
On 27th April, 2007, the RBI released the Final Guidelines for implementation of the New Capital Adequacy Framework
under Basel-II. In addition, the RBI issued clarifications on 31st March, 2008 on certain issues related to the subject.
Incorporating some intermittent changes, the RBI released the master circular on Prudential Guidelines on Capital
Adequacy and Market Discipline- New Capital Adequacy Framework on July 01, 2010. These guidelines make clear
distinction between Credit, Market and Operational risks.
3.
In line with the RBI guidelines, the Bank migrated to the New Capital Adequacy Framework (Basel-II) with effect from
31.03.2008. The Bank is continuing with the parallel run of Basel I norms and studying the impact on Banks CRAR on
quarterly basis with a view to ensuring compliance with the guidelines under prudential floor.
4.
Basel-II Framework provides a range of options for determining the capital requirements for Credit Risk, Market Risk
and Operational Risk. In accordance with the RBIs guidelines, the Bank has adopted Standardized Approach (SA) for
Credit Risk, and Basic Indicator Approach (BIA) for Operational Risk to compute capital as on 31st March, 2010 also
like as on 31st March 2008 and 2009.. The Bank continues to apply the Standardized Duration Approach (SDA) for
computing capital requirement for market risks with effect from 31st March, 2008. As such, in addition to maintaining
capital for credit risk and market risk as hitherto, the Bank maintains capital for operational risk from 31.03.2008.
5.
Reserve Bank of India prescribes Banks to maintain a minimum Capital to Risk-weighted Assets Ratio (CRAR) of 9
percent with regard to credit risk, market risk and operational risk on an ongoing basis, as against 8 percent prescribed
in Basel Documents. The total Capital to Risk Weighted Assets Ratio (CRAR) as per Basel II guidelines works to
12.96% as on 31.03.2011. The Tier-I CRAR stands at 8.57% as against RBIs prescription of 6.00%. In computation of
capital for credit risk under Standardized Approach, the Bank has relied upon the data captured from each individual
branch through the CBS system. The Bank has used the credit risk mitigants in computation of capital for credit risk, as
prescribed in the RBI guidelines under Standardized Approach. The data for Operational Risk and Market Risk have
been consolidated at Head Office.
6.
The Bank is continuously evaluating its capital requirement. The capital infusion of < 670 crores by the GoI through
preferential allotment of shares has taken the Govt.s share up to 58%, thus leaving sufficient headroom for the Bank
to mobilize Tier I and Tier II capital to additionally support capital structure and meet the CRAR requirements against
current and future business expansion.
SL
No
1
Quantitative Disclosures
1.2
securitization exposures
7209.10
0.00
2.2
2.3
equity risk
460.18
348.90
2.71
108.57
624.95
4.1
Total CRAR
12.96%
4.2
Tier-I CRAR
8.57%
36
h bB - 4
@h VJ : x |E]Eh
MhiE |E]Eh
31.03.2011 E lli
1.@h VJ
1.1 =v nx E< i E VJ * @h VJ =vEi+ +l |i{I E @h Mhk vi x E x
*
1.2 @h VJ SE VJ OE +l |i{I u =v, ]bM, VM, x{]x B +x k xnx vi |iri+
E { Ex +xSU +Ii E Eh i* @h VJ +i { xnx VJ SE VJ B M VJ
=i{z i *
1.3 @h +xnxEi |vE, E{h x , =tM x , @h VJ ]M |h, VJ +vi |<M, @h
I ij + @h VJ x V ={Eh E |M E u @h VJ |vx E B E Vi * @h VJ E
{E |ii + M] |i Ei B z =tM + Ij Jb x , E{h x + {{i x =SSi
+ VJ x E v xji E Vi *
2. @h VJ |vx xi :
2.1 E E { b u vi +xni BE li @h VJ |vx xi * xi niV M`xiE Sx, E B ni
il |G+ E {i Ei VE v E E x @h VJ E {Sx, ytfUtl Ex nn i +
=xE |vx = Sx E +iMi E Vi V E +{x +vn B VJ xi E +x{ ={H Zi *
2.2 E u Ji @h VJ E xMx E Vi + b u +xni VJ +/BC{V E{ E +x{x E xSi
E Vi * +iE xjh |h E Mhk E xMx E Vi + @h VJ vi q E Ex
i +iE nIi Ei E Vi *
2.3 =k @h VJ |vx |h Ei Ex i E x i{h En =` * @h VJ |vx xi E +iH, E E
{ b u +xni @h xi, x, n VJ |vx xi +n V @h VJ E xMx E +z +M
*
+ z xE +{I+ E +x{x xSi Ei { /+x vE |vE E x xnb, |lEi
Ij xnb, + +Yx + +i MEh nxn, {V {{ii, @h VJ |vx +n v nxn E n
G .
{hiE |E]Eh
4.
<
Ec )
+i
6
7
8
10
11
12
(< Ec )
+M
nx
2-7 nx
6-12
2042.93
5998.39
4174.14
3677.17
16628.69 9481.81
Bx{B E (E)
5.1 +xE
5.2 nMv 1
5.3 nMv 2
5.4 nMv 3
5.5 xMi
x Bx{B
Bx{B +x{i
7.1 E +O E Bx{B
7.2 x +O x Bx{B
Bx{B E Sx (E)
8.1 +l
8.2 r
8.3 E
8.4 <i
Bx{B i |vx E Sx
9.1 +l
9.2 < +v E nx EB MB |vx
9.3 <] +
9.4 +iH |vx E <] E
9.5 <i
+xVE x E
+xVE x i EB MB |vx E
x E i |vx E Sx
12.1 +l
12.2 < +v E nx E M |vx
12.3 <] +
12.4 +iH |vx E <] E
12.5 <i
1-3y
3-5
B
+vE
1647.92
767.79
295.65
186.81
314.76
82.91
736.37
1.74%
0.79%
1221.80
1747.07
1320.95
1647.92
1751.65
800.00
719.90
31.80
863.55
2.40
2.40
251.80
130.85
0.00
84.87
297.78
38
Table DF 4
CREDIT RISK : GENERAL DISCLOSURES
Position as on 31.03.2011
Qualitative Disclosures
1. Credit Risk:
1.1. Lending involves a number of risks. Credit Risk is broadly the probability of losses associated with diminution in
the credit quality of borrowers or counterparties.
1.2. Credit Risk or default risk involves inability or unwillingness of a customer or counterparty to meet commitments
in relation to lending, trading, hedging, settlement and other financial transactions. The Credit Risk is generally
made up of transaction risk or default risk and portfolio risk.
1.3. Credit approving authority, prudential exposure limits, industry exposure limits, credit risk rating system, risk
based pricing, loan review mechanism and Credit Risk Mitigants are the instruments used by the bank for credit
risk management. Credit risk is controlled through segmental exposure limits to various industries and sectors,
prudential exposure and substantial exposure ceilings and risk mitigation by obtaining collateral and guarantees.
2. Credit Risk Management Policies:
2.1 The Bank has put in place a well-structured Credit Risk Management Policy duly approved by the Board. The
Policy document defines organizational structure, role and responsibilities and the processes whereby the Credit
Risks carried by the Bank can be identified, quantified, managed and controlled within the framework which the
Bank considers consistent with its mandate and risk tolerance limits.
2.2 Credit Risk is monitored by the Bank account wise and compliance with the risk limits / exposure cap approved by
the Board is ensured. The quality of internal control system is also monitored and in-house expertise has been
built up to tackle all the facets of Credit Risk.
2.3 The Bank has taken earnest steps to put in place best Credit Risk Management practices. In addition to Credit
Risk Management Policy, the Bank has also framed Board approved Lending Policy, Investment Policy, Country
Risk Management Policy, Recovery Policy etc. which form integral part in monitoring of credit risk and ensures
compliance with various regulatory requirements, more particularly in respect of Exposure norms, Priority Sector
norms, Income Recognition and Asset Classification guidelines, Capital Adequacy, Credit Risk Management
guidelines etc. of RBI/other Statutory Authorities.
2.4 Besides, the Bank has also put in place a Board approved policy on Credit Risk Mitigation & Collateral Management which lays down the details of securities and administration of such securities to protect the interests of the
Bank. These securities act as mitigants against the credit risk to which the Bank is exposed.
3. Architecture and Systems of the Bank:
3.1 A Sub-Committee of Board of Directors termed as Risk Management Committee (RMC) has been constituted to
specifically oversee and co-ordinate Risk Management functions in the bank.
3.2 A Credit Risk Management Committee of executives has been set up to formulate and implement various credit
risk strategies including lending policy and to monitor Banks Risk Management functions on a regular basis.
4. Credit Appraisal / Internal Rating:
4.1 The Bank manages its credit risk through continuous measuring and monitoring of risks at each obligor (borrower) and portfolio level. The Bank has robust internally developed credit risk grading / rating modules and wellestablished credit appraisal / approval processes.
4.2 The internal risk rating / grading modules capture quantitative and qualitative issues relating to management risk,
business risk, industry risk, financial risk and project risk. Besides, such ratings consider transaction specific
credit enhancement features while assessing the overall rating of a borrower. The data on industry risk is constantly updated based on market conditions.
4.3 The rating for every borrower is reviewed. As a measure of robust credit risk management practices, the bank has
implemented a three tier system of credit rating process for the loan proposals sanctioned at Head Office Level
and two tier system at Zonal Office/ Branch level which includes validation of rating independent of credit department. For the proposals falling under the powers of Banks Head Office, the validation of ratings is done at Risk
Management Department.
4.4 The Bank follows a well defined multi layered discretionary power structure for sanction of loans. Credit Grid has
been constituted at Head Office and Field General Managers levels for considering fresh / enhancement proposals. A structure named New Business Group (NBG) headed by CMD has been constituted at Head Office level for
considering in-principle approval for taking up fresh credit proposals above a specified cut-off point. The Bank
has put in place a risk management framework for new products which lay down minimum processing / assessment norms to assess risk in a New Product prior to its introduction.
39
Quantitative Disclosures
SL
No
1
Total gross credit risk exposures, Fund based and Non-fund based separately.
1.1
Fund Based
94570.93
1.2
13788.87
Overseas
2.1.1 Fund Based
2902.98
122.78
Domestic
2.2.1 Fund Based
91667.95
13666.09
41742.00
12079.73
4. Residual contractual maturity breakdown of assets (bucket wise position of assets as on 31.03.2011) (< in crores)
ASSETS
SL
No
5
6
7
10
11
12
Next
day
2-7 ds
Over
8-14 ds
2042.93
5998.39
4174.14
3677.17
16628.69 9481.81
Quantitative Disclosures
Amount of NPAs (Gross)
5.1
Substandard
5.2
Doubtful 1
5.3
Doubtful 2
5.4
Doubtful 3
5.5
Loss
Net NPAs
NPA Ratios
7.1
Gross NPAs to gross advances
7.2
Net NPAs to net advances
Movement of NPAs (Gross)
8.1
Opening balance
8.2
Additions
8.3
Reductions
8.4
Closing balance
Movement of provisions for NPAs
9.1
Opening balance
9.2
Provisions made during the period
9.3
Write-off
9.4
Write-back of excess provisions
9.5
Closing Balance
Amount of Non-Performing Investments
Amount of provisions held for non-performing investments
Movement of provisions for depreciation on investments
12.1 Opening balance
12.2 Provisions made during the period
12.3 Write-off
12.4 Write-back of excess provisions
12.5 Closing balance
40
1-3yrs
3-5yrs
5 years
& Over
Total
h bB - 5
31.03.2011 E lli
x ri :
E E nxnx{, E x 31.03.2008 @h VJ i {V E {Ex E B x< {V {{ii Sx
(BxB) E xEEi o]Eh E +{x * {V E {Ex i E x z +i M E B E u
l|ii VJ xni EB *
2.
Gb] ]M :
{hiE |E]Eh
G .
1
( < Ec )
47492.07
47629.34
38157.55
12118.94
8481.54
2689.86
1. 4 P] M
41
Table DF 5
CREDIT RISK : DISCLOSURES FOR PORTFOLIOS SUBJECT TO THE STANDARDIZED APPROACH
Position as on 31.03.2011
Qualitative Disclosures
1.
General Principle:
In accordance with the RBI guidelines, the Bank has adopted Standardized Approach of the New Capital Adequacy
Framework (NCAF) for computation of capital for credit risk with effect from 31.03.2008. In computation of capital, the
Bank has assigned risk weights to different asset classes as prescribed by the RBI.
2.
Quantitative Disclosures
SL
No
1
For exposure amounts after risk mitigation subject to the standardised approach,
amount of the Banks outstandings (rated and unrated) in the following three major
risk buckets as well as those that are deducted;
1.1
47492.07
1.1
47629.34
1.2
38157.55
1.2
12118.94
1.3
8481.54
1.3
2689.86
1.4
Deducted
42
h bB - 6
6.
7.
G .
E.
J.
31.03.2011 E lli
{hiE |E]Eh
( < Ec )
5257.18
43
Table DF 6
CREDIT RISK MITIGATION : DISCLOSURES FOR STANDARISED APPROACHES
Position as on 31.03.2011
Qualitative Disclosures
1.
A comprehensive policy on valuation of property, plant & machinery, has been approved by the Board.
2.
The collaterals commonly used by the Bank as the risk mitigants comprise of the financial collaterals (i.e., bank deposits,
govt./postal securities, life insurance policies, gold jewellery, units of mutual funds etc.), various categories of movable
and immovable assets/landed properties etc.
3.
Where personal/corporate guarantee is considered necessary, the guarantee is preferably that of the principal members
of the group holding shares in the borrowing company/ flagship Group Company of corporate. It is ensured that their
estimated net worth is substantial enough for them to stand as guarantors.
4.
In line with the regulatory requirements, the Bank has put in place a well-articulated Policy on Credit Risk Mitigation and
Collateral Management duly approved by the Banks Board.
5.
As advised by RBI, the Bank has adopted the comprehensive approach relating to credit risk mitigation under Standardised
Approach, which allows fuller offset of eligible securities against exposures, by effectively reducing the exposure amount
by the value ascribed to the securities. Thus the eligible financial collaterals have been used to reduce the credit
exposure in computation of credit risk capital. In doing so, the Bank has recognised specific securities namely (a) Bank
Deposits (b) Life Insurance Policies (c) NSCs / KVPs (d) Government Securities, in line with the RBI guidelines on the
matter.
6.
Besides, other approved forms of credit risk mitigation are On Balance Sheet Netting and availability of Eligible
Guarantees. On balance sheet netting has been reckoned to the extent of the deposits available against the loans/
advances of the borrower (to the extent of exposure) as per the RBI guidelines. Further, in computation of credit risk
capital, the types of guarantees recognized for mitigation and applicable Risk Weights, in line with RBI Guidelines are
(a) Central Government Guarantee (0%) (b) State Government (20%) (c) CGTMSE (0%) (d) ECGC (20%) (e) Bank
guarantee in form of bills purchased/discounted under Letter of Credit (20% or as per rating of foreign banks).
7.
All types of securities eligible for mitigation are easily realizable financial securities. As such, presently no limit/ceiling
has been prescribed to address the concentration risk in credit risk mitigants recognized by the Bank.
SL
No
(a)
(b)
Quantitative Disclosures
For each separately disclosed credit risk portfolio the total exposure
(after, where applicable, on- or off balance sheet netting) that is covered by
eligible financial collateral after the application of haircuts.
5257.18
For each separately disclosed portfolio the total exposure (after, where applicable, on or off-balance sheet netting) that is covered by guarantees/credit
derivatives (whenever specifically permitted by RBI)
Nil
44
h bB - 7
E.
J.
(M)
G
.
MhiE |E]Eh: EM
P.
E u |iiEi E E BC{V
R.
S.
E +n |iiEi i +|i +i E
U.
E +n =i{z +i E
V.
Z.
xxx E
l
\.
31.3.2011 E {i i E<
|iiEh x*
+|V
( . Ec )
BC{V { E h E +x |ivi +l G EB MB +x ]
|iiEh BC{V*
BC{V { E h E +x + ] |iiEh BC{V
31.03.2011 E lli
G
.
].
`.
b.
f.
46
( < Ec )
Table DF-7
SECURITISATION: DISCLOSURE FOR STANDARDISED APPROACH QUALITATIVE
Position as on 31.03.2011
DISCLOSURES
Qualitative Disclosures
(a) The general qualitative disclosure requirement with respect to securitisation, including
a discussion of:
l
the banks objectives in relation to securitisation activity, including the extent to
which these activities transfer credit risk of the underlying securitised exposures
away from the bank to other entities;
l
the nature of other risks (e.g., liquidity risk) inherent in securitized assets
l
the various roles played by the Bank in the securitization process (e.g., originator,
investor, servicer, provider of credit enhancement, liquidity provider) and an indication of the extent of the Banks involvement in each of them
l
a description of the process in place to monitor changes in the credit and market
risk of securitization exposures (e.g., how the behavior of the underlying assets
impacts securitization exposures as defined in para 5.16.1 of the Master Circular
on NCAF dated 01.07.2009)
l
a description of the Banks Policy governing the use of credit risk mitigation to
mitigate the risks retained through securitization exposures
(b) Summary of the banks accounting policies for securitisation activities, including:
l
Whether the transactions are treated as sales or financings
l
Methods and key assumptions (including inputs) applied in valuing positions retained or purchased
l
Changes in methods and key assumptions from the previous period and impact
of the changes
l
Policies for recognizing liabilities on the balance sheet for arrangements that could
require the Bank to provide financial support for securitised assets.
(c) In the banking book, the names of ECAIs used for securitisations and the types of
securitisation exposure for which each agency is used.
Nil.
Not Applicable
SL
No
(d) The total amount of exposures securitised by the bank
(e) For exposures securitized, losses recognised by the bank during the current period
broken down by exposure type (e.g., credit cards, housing loans, auto loans, etc.
detailed by underlying security)
(f) Amount of assets intended to be securitized within a year
(g) Of (f), amount of assets originated within a year
(h) Total amount of exposures securitized (by exposure type) and unrecognized gain or
losses on sale by exposure type.
(i) Aggregate amount of:
l
Exposures that have been deducted entirely from Tier 1 capital, credit enhancing I/Os deducted from total capital, and other exposures deducted from
total capital (by exposure type).
47
Nil.
SL
No
(k)
Aggregate amount of exposures securitised by the bank for which the bank has
retained some exposures and which is subject to the market risk approach, by
exposure type.
(l) Aggregate amount of:
l on-balance sheet securitisation exposures retained or purchased broken
down by exposure type;
l off-balance sheet securitisation exposures broken down by exposure type.
(m) Aggregate amount of securitisation exposures retained or purchased separately
for:
l securitisation exposures retained or purchased subject to Comprehensive
Risk Measure for specific risk; and
l securitisation exposures subject to the securitisation framework for specific
risk broken down into different risk weight bands.
(n) Aggregate amount of:
l the capital requirements for the securitisation exposures, subject to the
securitisation framework broken down into different risk weight bands.
l securitisation exposures that are deducted entirely from Tier 1 capital, credit
enhancing I/Os deducted from total capital, and other exposures deducted
from total capital(by exposure type).
48
Nil.
h bB - 8
V VJ : { V VJ vi |E]Eh
MhiE |E]Eh
31.03.2011 E lli
(E) V VJ :
1.
4.
5.
{hiE |E]Eh
G .
1.
( < Ec )
V VJ i E {V +EiB
460.18
1.1
V n VJ
1.2
<C] li VJ
2.71
1.3
n x VJ
108.57
348.90
49
Table DF 8
MARKET RISK IN TRADING BOOK
Position as on 31.03.2011
Qualitative Disclosures
a) Market Risk:
1.
Market Risk is defined as the possibility of loss caused by changes/movements in the market variables such as interest
rates, foreign currency exchange rates, equity prices and commodity prices. Banks exposure to Market risk arises from
investments (interest related instruments and equities) in trading book (both AFS and HFT categories) and the Foreign
Exchange positions. The objective of the market risk management is to minimize the impact of losses on earnings and
equity.
2.
3.
The ALM Policy specifically deals with liquidity risk management and interest rate risk management framework. As
envisaged in the policy, Liquidity Risk is managed through GAP analysis, based on residual maturity/behavioral pattern
of assets and liabilities, on a daily basis based on best available data coverage, as prescribed by the RBI. The bank has
put in place mechanism of Short Term Dynamic Liquidity Management and Contingent Funding Plan. Prudential (Tolerance) limits are prescribed for different residual maturity time buckets for efficient Asset Liability Management. Liquidity
profile of the Bank is evaluated through various liquidity ratios.
4.
Interest Rate Risk is managed through use of Gap analysis of rate sensitive assets and liabilities and monitored through
prudential (tolerance) limits. The Bank estimates Earnings at Risk (EaR) periodically against adverse movements in
interest rate (as prescribed in the policy) for assessing the impact on Net Interest Income and Economic Value of Equity
(EVE) with a view to optimize shareholder value.
The Asset Liability Management Committee (ALCO)/Board monitors adherence of prudential limits fixed by the Bank
and determines the strategy in light of market conditions (current and expected) as articulated in the ALM policy. The
Mid Office at the Treasury also monitors adherence of prudential limits on a continuous basis.
Quantitative Disclosures
SL
No
1.
1.2
1.3
460.18
348.90
2.71
108.57
50
h bB - 9
{SxMi VJ : x |E]Eh
31.03.2011 E lli
MhiE |E]Eh
1. {Sx VJ ii{, +{{i + +iE |G+, H |v P]x+ E
Eh x x E VJ * {SxMi VJ Exx VJ {xi hxiE
|iXMi VJ x *
2. E x b u +xni { {SxMi VJ |vx xi x{i E * {SxMi VJ E |vx
Vc < b u +MEi +x xi : (E) +x{x VJ |vx xi (J) n p VJ |vx
xi (M) +{x OE E Vx (E<) + Bx] x xbM (BBB) vi xiMi niV (P)
Sx |tME xii B +{n xh Vx (R) vJvc VJ |vx xi +n >
3. E u +MEi {SxMi VJ |vx xi MXxbfU Sx B {SxMi VJ E |vx i
|G+ E {] E M * < xi E =q {SxMi VJ E | {
xji, {i, +Yi, Ei B Sxi Ex + iE {SxMi x i {SxMi
VJ E { {]M i ni E {] xnx E u E E nx-|inx E VJ |vx
|G {SxMi VJ |h E BEEi Ex * E lu {SxMi VJ E {E B r,
+iE xjE E E v |vi E *
4. E u V +i nxn E +x E x {SxMi VJ i {V E +Ex E B
EiE n]Eh E +{x *
G .
{hiE |E]Eh
1.
2.
51
Table DF 9
OPERATIONAL RISK
Position as on 31.03.2011
Qualitative Disclosures
1. Operational Risk is the risk of loss resulting from inadequate or failed internal processes, people and systems or
from external events. Operational risk includes legal risk but excludes strategic and reputation risks.
2. The Bank has framed Operational Risk Management Policy duly approved by the Board. Supporting policies
adopted by the Board which deal with management of various areas of operational risk are (a) Compliance Risk
Management Policy (b) Forex Risk Management Policy (c) Policy Document on Know Your Customers (KYC) and
Anti Money Laundering (AML) Procedures (d) Business Continuity and Disaster Recovery Policy (e) Fraud Risk
Management Policy etc.
3. The Operational Risk Management Policy adopted by the Bank outlines organization structure and detailed
processes for management of operational risk. The basic objective of the policy is to closely integrate operational
risk management system into the day-to-day risk management processes of the bank by clearly assigning roles
for effectively identifying, assessing, monitoring and controlling / mitigating operational risks and by timely reporting of operational risk exposures, including material operational losses. Operational risks in the Bank are managed through comprehensive and well articulated internal control frameworks.
4. In line with the final guidelines issued by RBI, the Bank has adopted the Basic Indicator Approach for computing
capital for Operational Risk.
Quantitative Disclosures
1.
In line with the final guidelines issued by RBI, the Bank has adopted the Basic Indicator Approach for
computing capital for Operational Risk.
2.
As per the guidelines, the capital for operational risk is equal to 15% of average positive annual Gross Income
of previous three years as defined by RBI. Accordingly, the capital requirement for operational risk as on
31.03.2011 is < 624.95 Crores.
52
h bB - 10
EM E V n VJ (+<++)
31.03.2011 E lli
MhiE |E]Eh
(E)
EM E V n VJ :
1. V n VJ, VJ E B li V V V n {ix E E k li |i Ei * V
n {ix S Vx (+lE o]Eh) E l E E x i (+lE {{C]) {
| {ci * Vx E o]Eh VJ E x V + (Bx+<+<) x V Vx (Bx+<B) E |
E { { V Ei * < |E +lE o]Eh VJ E <C] E +lE (<<) E E {
{ V Ei *
2. E Vn +{EE (Vx o]Eh) B nPEE (+lE o]Eh) {ix r VJ E {Sx
Ei * + { | (Vx o]Eh) E E E BBB { xvi { 100 {B iE +xxE n
Mi B VB{ h E ={M E v { Vi * Vx { <E | E {Ex i {{Mi +i E
n n h Vi + E J M E v xn +v E +v { {ix E | { V
n {ix E 100 {B iE +E Vi * <E {]M +vE +i { n n h E l BB+
B b E E Vi * Mi E Bx+<+< E +v { <x + E xvi E Vi *
3. E u 200 {B E +xxE V n E E Mi B <C] E +lE (+lE o]Eh) { |
E (|ii { ) +Ex E B {{Mi VB{ h E l l +v VB{ h E +{x Vi *
E u +vE VB{ E h BE E Vi ( +i {]M G E ytkfU\zt E +v {) +
<E mqalt BB+/b E n Vi *
4. E u xvi E{h + E +x{x E x]M/I +i ni |vx i (BB+)/b tht E
Vi + V E li (S B |ii) E +v { hxi i E Vi *
{hiE |E]Eh
G .
1.
2.
V n {ix
1.00%
V n {ix
2.00%
( . Ec )
VJ { +M
33.83
+lE {ix
11.02%
53
Table DF 10
INTEREST RATE RISK IN THE BANKING BOOK (IRRBB)
Position as on 31.03.2011
Qualitative Disclosures
(a) Interest Rate Risk in the Banking Book:
1.
Interest Rate Risk is the risk which affects the banks financial condition due to changes in the market interest rates.
Changes in interest rates affect both the current earnings (earnings perspective) as also the net worth of the Bank
(economic value perspective). The risk from earnings perspective can be measured as impact in the Net Interest
Income (NII) or Net Interest Margin (NIM). Similarly, the risk from economic value perspective can be measured in the
Economic Value of Equity (EVE).
2.
The Bank identifies the risks associated with the changing interest rates in short term (Earnings perspective) and long
term (Economic value perspective). The impact on income (Earnings perspective) is measured through use of Gap
analysis by applying notional rate shock up to 100 bps as prescribed in Banks ALM Policy. For the calculation of
impact on earnings, the Traditional Gap is taken from the Interest Rate Sensitivity Statement and based on the remaining period from the midpoint of a particular bucket and the impact for change in interest rate up to 100 bps is arrived at.
The same is reported to ALCO & Board along with the Interest Rate Sensitivity Statement periodically. The limits are
fixed on the net worth.
3.
The bank has adopted Traditional Gap Analysis combined with Duration Gap Analysis for assessing the impact on the
Economic Value of Equity (Economic Value perspective) by applying a notional interest rate shock of 200 bps. The
Duration Gap Analysis is calculated by the bank once in a month (based on the Last Reporting Friday data) and is
reported to ALCO and Board.
4.
The Asset Liability Management Committee (ALCO) / Board monitors/reviews adherence of prudential limits fixed by
the bank and determine the strategy in light of the market condition (current and future).
(Amount < in Crores)
SL
No.
1.
2.
Quantitative Disclosures
Earning at Risk
1.00%
33.83
2.00%
11.02%
54
Eh{tu] Mxx { {]
1. Eh{tu] Mxx E nx :
<n E E Eh{tu] xi, Eh{tu] Mxx E og rxi
{ +vi * +l-l E Vi, ] |lEi+ il
Eh{tu] E E l l vE E i E +ivE x
ni * E +{x i Miv E Ij =iE]i Ex
E B =SS xiE , {ni il +xi o]Eh
Ji * E J{x il { {]i E l k +i]
|Si xnb E +x{x E B |ir V E E OE
il vE E E {{ M* E xxJi
E v Eh{tu] =iE]i Ex Si *
l
n E Exx fS il xiE E ri E +vx
vE E x xB Jx*
l
+{x OE E k |nx Ex*
l
+{x OE il ES, xE + V E +x iE
E B BE J B l li i Ex*
l
V E M E B x{I B x x xSi
Ex E B G |vx xSi Ex*
2. xnE b
2.1 xnE b E M`x EM x +vx 1949, EM
E{x (={G E +Vx B +ih) +vx 1970 il
]Ei E (|vx B |Eh |vx) Vx 1970 u
i i * xnEMh b E x{hi E vi il
ii +x |nx Ei V E E nI B x{I
xn |{i i *
2.
Board of Directors
i)
ii)
Workmen
iii)
55
q
q
q
q
q
q
q
q
q
q
q
q
q
b E |vx i (B+b)
b E J{I i (B)
VJ |vx i (+B)
xnE E {nzi i (b{)
vE/xE E Ei i (B+<V)
Sx |tME ={i (+<]B)
vJvc xMx i (BB)
OE i (B)
{v i ({.)
xEx i (x. )
+ih i (B])
}] G i (B{)
+]x i (BB)
q
q
q
q
q
q
q
q
q
q
q
q
q
1.
2.
3.
4.
{nx
Name
Designation
6.
7.
8.
xH E il
10.
11.
12.
+x b<C]{
E .
Date of
Membership
No of other
appointment
of other Board
Directorship(s)
& Committees
+vI B |v xnE
04-12-2009*
10
Shri D. Sarkar
B. +. xE
Executive Director
E{E xnE
07-12-2009
Executive Director
22-01-2010
B.
E u xi xnE
b. E
E{E xnE
i Ei J
E u xi xnE
30-07-2010
10-06-2008
Shri R.M.Chaturvedi
14-07-2010
{. . Mbd
Shri P.V.Gudireddy
28-04-2008
b. E-=W-Wx +
16-08-2010
b. xi EVM
vE xnE
30-06-2008
Shareholders Director
12-06-2009
03-06-2010
+. B. Sin
xn JE xnE
+x b i
E ni
V.{. n+
Shri S. Ramaswamy
5.
M n
EM xnE
n E E{
vE xnE
n{ Sv
vE xnE
Shareholders Director
* e su. ve. =qyt 07-11-2007 mu 03-12-2009 ;fU cfU fuU fUtgovttfU rl=uNfU :u
* Shri J.P. Dua was the Executive Director of the Bank from 07-11-2007 to 03-12-2009
56
x] :
(i) b E E< xnE 10 +vE i E n x
=x i E{x , VxE xnE , {S J
i/vE Ei i +vE i E +vI
x *
Note:
E< xnE BE n E in x *
2.5 k 2010-11 E nx E E b xH/
xSi E E Oh Ex xnE E {S
xxx :
2.5.1 B. , E u xi xnE
B. x 1982 < W E V<x E*
=xx < E Ij E + Exp E z {n
{ E E* =xx E E Sz<, {,xM{ B jxp E
Ij E E E * ix , Exp E,
< J |vE(VB), B V] xjh E {n {
Ei * <E { E B Iu{ E Ij xnE (+b)
E { jxp Ei l*
nxE 30.07.2010 <n E i xnE
Ei * BB E l hV xiE il =xx .B.B.
E bE t +i] E xi BB E
* ]x B nxj S Ji * =xx x vx
E B E EM i E *
2.5.2 +.B,Sin, E u xi xn JE
xnE
Sin +x E l hV xiE il xn JE E
E E * =x x EM, Sx] EM, |VC] b],
bEx, b+, |<] <C] bM, |VC] ]< {]
i Ex + E{] =v ={v Ex E v E{]
{ |nx Ex 26 E {E +x *
Sin ix +.B. Sin Bhb E{x, xn
JE x EM B E{] ]C E {v
{ ={v E *
Sin x E xn JE h E +xiMi +EE ME xnE E { ix E +v E B nxE
14.07.2010 E E Oh E*
2.5.3 M n, EM xnE
M n hV E xiE * =xx <n E 1973
V<x E + ix |vx E, Jx O M
E E {n { Ei *
M n BE +SU H E l-l +J i E EM
P E ii E ES n E <xn xx xi *
ix , +J i <n E ES x i
(B+<B<) E S, +J i E ES P
( B+<<B) E H S, M |xi E ES P ({<B)
E S + <n E EM xx (Bb)({..) E
S E {n B *
n B+<<B E + i |ixv b E n E
{ + i EM { M` M x i E +
Mn E n E SE *
(ii)
(i)
(ii)
57
n x nxE 16.08.2010 ix E +v E B E E
xnE b EM ES xn E { E *
2.5.4 n{ Sv , vE xnE
n{ Sv x 1976 =SSi hfU (|l h ) E l
EEi t +lj B.B. + 1985 x<
n E V lunh t +lj {BS.b.
E * Sv 1990 EEi E i |v lx
| ( +lj ) E { Ei *
] B +i] {jE+ =xE +xE J |Ei B
Vx '={Ii i x< n< i Ex i + B
b' { J M J xxi , VE |Ex <]xx
Vx + ]CxV Bhb M<Vx x *
Sv x i W E, i +tME E E, i
E hV B =tM j H ] E EG
(Bxb{), xE, l M`x (bBS+), Vx i
{ni E { +{x B |nx E * =xx xji H
E { +xE +i] x M Vx |J
(i) V '<b V =l +E BEbE ; B {
bM',(ii) Vx '+<]Bb/Bx]Bb =b ]';
(iii) bxE 'Ih, xxh B nIi xh |h E +lj
i E x]E { 'C E'; E t
x E <]CS+ |{] i xB o]Eh { x*
Sv x nxE 03-06-2010 E E xnE b vE
xnE E { E B 29-06-2011 iE E EM *
3. 2010-11 E nx +Vi b / i E ` E E
h
xnE
E x
Name
of Director
B
B
{v x.
B i i
B
]
B
{
B
B
BOARD
MCB
ACB
RMC
DPC
SIGC ITSC
FMC
CSC
Remu.
Com.
Nom
Com
STC
15
22
18
15
22
18
13
20
17
15
15
11
FPC SAC
i VMxn E
Smt. Joginder Kaur *
B +<
+< V ] B
{. . Mbd
Shri P.V.Gudireddy
b
{
b. E =W Wx +
Dr. Shakeel-Uz- Zaman Ansari
+
B
i Ei J
Smt Sukriti Likhi
B
B
B
n i
Shri Mohammad Tahir*
B
B
B
B.+. xE
Shri M.R. Nayak
b. E
Shri D. Sarkar
V.{. n+
Shri J.P. Dua
B.
Shri S. Ramaswamy
58
f{Uk0
mk0
S.N.
xnE
E x
Name
of Director
B
B
B
B
B
B
+
B
b
{
B +<
+< V ] B
B
B
{v x.
B i i
B
]
B
{
B
B
BOARD
MCB
ACB
RMC
DPC
SIGC ITSC
FMC
CSC
Remu.
Com.
Nom
Com
STC
15
15
11
10
11
10
11
FPC SAC
+. B. Sin
10
Shri R.M.Chaturvedi
n E E{
11
b. xi EVM
12
n{ Sv
13
E. E. bM*
15
M n
Shri K. K. Dogra*
`E E il
b xnE E J
={li xnE E J
Date of meeting
16-04-2010
11
10
30-04-2010
11
09
18-05-2010
11
10
10-06-2010
12
09
26-06-2010
12
10
22&23-07-2010
13
13
28-08-2010
14
13
24-09-2010
14
13
21-10-2010
14
13
10
15-11-2010
14
13
11
11-12-2010
14
11
12
14-01-2011
13
13
13
28-01-2011
13
10
14
18-02-2011
12
10
15
28-03-2011
12
10
4. b E i
4.1.1 b E |vx i
k j, i E E nxn E l {`i ]Ei
E (|vx B |Eh |vx) Vx 1970 E Jb-13 E +x
b E |vx i E M`x E M*
4.
59
1. V.{. n+
2.
3.
4.
5.
b. E
B.+ xE
B.
V B. Sin
6. {. . Mbd
+vI B |v xnE
E{E xnE
E{E xnE
E u xi xnE
xn JE xnE
2. Shri D. Sarkar
Executive Director
Executive Director
4. Shri S. Ramaswamy
Chartered Accountant
Director
+EE M E xnE
7. M n
EM xnE
8. b. xi EVM vE xnE
Shareholders Director
`E E il
b E |vx i E xnE E .
={li xnE E .
Date of Meeting
09-04-2010
16-04-2010
30-04-2010
18-05-2010
09-06-2010
26-06-2010
17-07-2010
22-07-2010
10-08-2010
28-08-2010
13-09-2010
24-09-2011
11-10-2010
20-10-2010
15-11-2010
01-12-2010
20-12-2010
14-01-2011
27-01-2011
17-02-2011
14-03-2011
28-03-2011
60
7
7
7
7
6
7
7
8
7
8
7
8
7
7
7
7
7
8
7
7
7
7
4.2
4. B.
5. V B. Sin
E u xi xnE
xn JE xnE
4. Shri S.Ramaswamy
6. n E E{
vE xnE
Executive Director
Executive Director
Government Nominee
Director
RBI Nominee Director
4.2.3 J{I i E E :
J{I i E J E E E k {]M |h E Ex
B =E I Ex iE h E ii, {{ii B xi
xSi E* b E I |ii EB Vx { i |vx
E l E k {h E I Ei *
J{I i xn ni il E E +iMi M`x, {Sx il The Audit Committee provides direction and oversees the
+iE J{I + xIh E Mhk xjh i E E i operations of total audit function of the Bank including the
operation and quality control of internal audit and
J{I E E {Sx E { Ih Ei il E E vE/ organization,
inspection within the Bank and follow up on the Statutory/
J{I B E E xIh { +xi E < Ei *
External audit of the Bank and RBI inspections.
i +iE xjh |h E {{ii, +iE J{I M The Committee also reviews the adequacy of internal control
E Sx, <E ]M {]x E I Ei il E i{h system, structure of internal audit department, its staffing
xE { +iE J{IE/xIE E l S- + pattern and discussion with the internal auditors/Inspectors
=x { +xi E< Ei * <E +iH E E k on any significant finding and follow-up action thereon. It further
reviews the financial and risk management policies of the Bank.
B VJ |vx xi E I Ei *
vE J{I E , J{I i E/i k J Regarding Statutory Audit, the Audit Committee interacts with
+ {] E +i { nx { Exp vE J{IE E l the Central Statutory Auditors before finalization of Annual/
Financial Accounts and Reports. It also follows up
S- Ei * M J{I {] (BBB+) {] Quarterly
on various issues raised in the Long Form Audit Report (LFAR).
=`B MB z q { +xi E < Ei *
4.2.4 Details of Meeting
4.2.4 ` E E h 01.04.2010 31.03.2011 E nx xxJi il E During the period 01.04.2010 to 31.03.2011, 9 meetings of
the Audit committee of the Board were held as detailed below.
b E J{I i E 9 ` E +Vi E M<:
`E E il
b E J{I E xnE E .
={li xnE E .
Date of Meeting
09-04-2010
30-04-2010
16-07-2010
22&23-07-2010
13-09-2010
21-10-2010
16-11-2010
28-01-2011
04-03-2011
61
4.3 VJ |vx i :
4.3.1 b E VJ |vx i :
i V E E nxn E +x 04 S, 2003 E b
E VJ |vx i E M` x E M B - {
<E {xM` x E M *
4.3.2 b E VJ |vx i E P]x :
1. V.{. n+
+vI B |v xnE
2. b. E
3. B.+ xE
4. V B. Sin
E{E xnE
E{E xnE
xn JE xnE
5. b. E =W Wx + +EE M E xnE
2. Shri D. Sarkar
Executive Director
3. Shri M. R. Nayak
Executive Director
Chartered Accountant
Director
5. Dr. Shakeel-Uz-Zaman
Ansari
6. n E E{
vE xnE
7. n{ Sv
vE xnE
Kapila
Shareholders Director
Shareholders Director
4.3.4 `E E h -
`E E il
18-05-2010
b E VJ
|vx i E
xnE E .
7
={li xnE
E .
Date of Meeting
18-05-2010
24-09-2010
24-09-2010
01-12-2010
01-12-2010
04-03-2011
04-03-2011
62
3. Shri S.Ramaswamy
xnE {nz i
i E xnE
E .
={li xnE
E .
16-04-2010
16-04-2010
26-06-2010
26-06-2010
24-09-2010
24-09-2010
01-12-2010
01-12-2010
28&29-03-2011
28&29-03-2011
Date of Meeting
4.5 vE/xE E Ei i
4.5.1 E x vE + xE E Ei E xh E
|Vxl i: 04 S, .2003 E vE/xE E Ei
(xh) i E M` x E * i E - { {xM` x
E M*
1. b. E
E{E xnE
2. B.+. xE
E{E xnE
3. b. E-=W-Wx-+ +EE M E xnE
1. Shri D. Sarkar
Executive Director
Executive Director
4. b. xi EVM
Shareholders
Director
vE xnE
63
4.5.3 vE/xE E Ei i E E
4.5.4 ` E E h
`E E il
vE/xE E
Ei i E
xnE E .
24-09-2010
={li xnE
E .
Date of Meeting
No. of Directors
No. of Directors
on the Shareholders
attended
/ Investors Grievance
Committee
24-09-2010
4.6
+vI B |v
xnE
2. b. E
3. B.+. xE
4. i Ei J
E{E xnE
E{E xnE
E u xi xnE
5. n E E{
6. b. xi EVM
vE xnE
vE xnE
7. n{ Sv
vE xnE
2. Shri D. Sarkar
Executive Director
3. Shri M. R. Nayak
Executive Director
Government Nominee
Director
Shareholders Director
Shareholders Director
Shareholders Director
64
6
7
7
7
7
7
7
7
5
5
6
7
5
6
5
6
18-05-2010
21-06-2010
10-08-2010
13-09-2010
11-10-2010
15-11-2010
01-12-2010
18-02-2011
6
7
7
7
7
7
7
7
5
5
6
7
5
6
5
6
2. i Ei J
E u xi xnE
3. {. . Mbd
+EE M E xnE
4. n E E{
vE xn E
16-04-2010
18-05-2010
22-07-2010
24-09-2010
16-11-2010
18-02-2011
28-03-2011
b E vJvc
xMx i E
xnE E .
3
3
5
5
5
4
4
Shareholders Director.
4.7.4 `E E h
01.04.2010 31.03.2011 E n x vJvc xMx i E
7 ` E xxx +Vi E M< rslfUt rJJhK rlltkrfU; *
`E E il
={li xnE
E .
Date of meeting
16-04-2010
18-05-2010
22-07-2010
24-09-2010
16-11-2010
18-02-2011
28-03-2011
3
3
4
4
4
3
4
65
3
3
4
4
4
3
4
4.8 OE i
4.8.1 xnE b x 9 i 2004 E +Vi ` E
i V E E Mx E nxE 14 +Mi,2004 E {j E
+x{x OE i E M` x E, + Rmu -
{ {xM`i E M * i E M`x < =q E M
iE ii +v { OE E Mhk v V E*
4.8.2 OE i E P]x
1. V.{. n+
+vI B |v xnE
1. Shri J. P. Dua
2.
3.
4.
5.
E{E xnE
E{E xnE
EM xnE
vE xnE
2. Shri D. Sarkar
Executive Director
Executive Director
Workmen EmployeeDirector
Shareholders Director
b. E
B.+. xE
M n
n{ Sv
4.8.1 In compliance with RBI letter dated August 14, 2004, the
Board of Directors at its meeting held on September 9, 2004
constituted Customer Service Committee and reconstituted
the same from time to time. The committee has been
constituted with a view to bring out improvements in the quality
of customer service in the Bank on a continuous basis.
4.8.4 ` E E h
01.04.2010 31.03.2011 E n x i E 4 `E xxJi
il E +Vi E M< rslfUt rJJhK rlltkrfU; nuui-
`E E il
Date of meeting
OE i E
xnE E .
={li xnE
E .
10-06-2010
10-08-2010
6
7
6
7
01-12-2010
17-02-2011
10-06-2010
10-08-2010
01-12-2010
17-02-2011
4.9 {v i
i E, k j, +lE E M, EM |M E
nxE 9 S 2007 E +vSx B. . 20/1/2005-++<
E +x VxE Ij E E E {hEE xnE E x{nx
r |ix E {j M i E I + MhiE {]
v + h + {U E nx z +x{x {]
vi SE { +vi Ex{nx Ex ]C i
i jiE {] E b u |{i E M * Ex{nx
E Ex b E ={ i- {v i u E VBM
V E u xi xnE, E u xi xnE
il n +x xnE M*
66
E u xi xnE
E u xi xnE
+EE M E
xnE
vE xnE
4. n E E{
i E +vIi i Ei J, E u xi xnE
u E M<*
4.9.3. {v mrbr; E fUtgo
Ex{nx kr |ix E |Vxl vqKofUtrtfU rl=uNfUt
fuU fUtgorlvt=l E bqgtkfUl fUhlt>
4.9.4. ciXfU fUt rJJhK
01.04.2010 mu 31.03.2011 ;fU mrbr; fUe 1 ciXfU nwRko`E E il
Shareholders Director.
16-07-2010
Date of meeting
16-07-2010
4.10 xEx i
4.10.1 i V E E nxE 1 x 2007 E {jE
b+b . .. 47/29.32.001/2007-08 E +x
21.04.2008 E b E xEx i E M`x E M*
1. i Ei J
2. V B. Sin
E u xi xnE
xn JE xnE
+EE M E xnE
i E +vIi i Ei J, E u xi xnE
u E M<*
4.10.3 xEx i E E
xEx i E +vx E v 9(3)(i) E +iMi Vn
xSi xnE/xnE E { xSi x H E
M B =Si i E Si iEi E l xvh Ex E
|G { Ex i *
4.10.4 ` E E h
01.04.2010 31.03.2011 E n x i E BE `E +Vi
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28-05-2010
b E xEx
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E .
4
28-05-2010
67
4.11 +ih i
4.11.1 E x +ih i E M`x E VE |Vx
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Ei < E iE i x * i E { {xM` x E M *
4.11.2 +ih i E P]x
31.03.2011 E lli i E M` x xxx l :
1. V.{. n+
+vI B |v xnE
2. b. E
3. B.+. xE
E{E xnE
E{E xnE
4. M n
EM xnE
5. n{ Sv
vE xnE
i E +vIi V.{. n+, +vI B |v xnE u E
M<*
4.11.3 +ih i E E
1. Shri J. P. Dua
2. Shri D. Sarkar
Executive Director
Executive Director
Shareholders Director
`E E il
b E +ih i E xnE E J
={li xnE E .
Date of meeting
07-04-2010
18-05-2010
26-06-2010
10-07-2010
29-07-2010
10-08-2010
28-08-2010
15-09-2010
30-09-2010
21-10-2010
15-11-2010
01-12-2010
28-12-2010
14-01-2011
27-01-2011
14-02-2011
04-03-2011
23-03-2011
4
4
4
4
4
4
5
5
5
5
5
5
4
5
5
5
5
5
3
4
4
3
3
4
5
4
4
5
4
5
4
5
5
3
5
4
68
4.12 }] G i
4.12.1 E E b x nxE 22.01.2010 E {z +{x ` E
, E i n(Bx+), <, M, Sz< B M]
+ }] E G vi E nJJ E B }]
G i E M`x E V xxEi xnE 1. b. E
2. n E E{
E{E xnE
vE xnE
3. b. i EVM
vE xnE
4. E.E. bM
+vE xi xnF
4.12.2 `E E h
nxE 01.04.2010 31.03.2011E +v E nx i E
` E E h xxi `E E iJ
09-04-2010
16-04-2010
}] G i E
xnE E .
2
3
Executive Director
Shareholders Director
Shareholders Director
Officers Nominee Director
={li xnE
E .
Date of Meeting
09-04-2010
16-04-2010
2
3
No. of Directors on
the Flat Purchase
Committee
of Board
No. of Directors
attended
2
3
2
3
2. Shri D. Sarkar
Executive Director
Executive Director
4. Shri Deveshwar
Kumar Kapila
4.13.3 +]x i E E
Shareholders Director
i E B E B E B |vEi E M V
+vx +]x E +v { i E E <C] E
xM B +]x il ] ]E BCSV B < ]E BCSV
= Sr Ex i +E
4.13.4 `E E h
nxE 01.04.2010 31.03.2011E +v E nx i E
` E E h xxi -
69
`E E iJ
31-03-2011
Date of Meeting
|ix
Basic
Dearness
Allowance
Arrear
Incentives
Total
926385.00
364853.75
47489.50
698493.00
2037221.25
797550.00
314112.50
40885.00
204795.00
1357342.50
797550.00
314112.50
37362.42
122877.00
1271901.92
0.00
0.00
0.00
460274.00
460274.00
0.00
0.00
0.00
217260.00
217260.00
2521485.00
993078.75
125736.92
1703699.00
5343999.67
/ Existing Directors
V.{. n+ (+.|.x.)
Shri J.P. Dua ( CMD)
3.
M< k
Vn xnE
2.
Sl
Name
No.
1.
No. of Directors
attended
31-03-2011
5. xnE E {v
M-E{E xnE E j B k i n Vx
{v i V E E { i E u EB
MB xh E +x |nx E V *
5.1 2010-11 E nx E E {hEE xnE +li
+vI B |v xnE B E{E xnE E Mix EB MB
ix E h xxx :
G x
No. of Directors on
the Share Allotment
Committee of Board
b. E (E.x)
B.+. xE (E.x.)
i{ xnE / Ex-Directors
4.
E. +. Ei (.{ +.|.x.)
5.
E. E. +O,
(.{. E{E xnE)
E / TOTAL
At present the Bank does not have stock option plan for its
directors.
6.1 E E Mi ix E vh `E E h xxx
:
70
`E E {
`E E iJ
lx
Nature of Meeting
Venue
|Vx
Purpose
U` E vh
`E
16 Vx 2008
{x 10.30 V
<]x Vx ES x],
1-201, C]-***, ]
E ],
EEi -700 106
31.03.2008 E {i i E E
ix{j, -x J, J u E
E M< +v i E E GE{ E v
xn E b E {] il J B
ix {j { J{IE E {] { SS,
+xnx + +MEh il <C]
{ Pi Ex*
Monday, 16 th June,
2008, 10.30 A.M.
i E vh
`E
15 Vx 2009
{x 10.30 V
<]x Vx ES x],
1-201, C]-***, ]
E ],
EEi -700 106
Seventh
Annual
General Meeting
31.03.2009 E {i i E E
ix{j, -x J, J u E
E M< +v i E E GE{ E v
xn E b E {] il J B
ix {j { J{IE E {] { SS,
+xnx + +MEh il <C]
{ Pi Ex, EEk ]E
BCSV . E E <C] E
SUE { +Sr Ex + +EE
H { BE vE xnE E xSi
Ex E +xnx*
+` E vh
`E
M 10 Vx 2010
{x 10.30 V
<]x Vx ES x],
1-201, C]-***, ]
E ],
EEi -700 106
Eighth Annual
General Meeting
71
31.03.2010 E lli E E ix
{j, 31 S 2010 E {i i E
E x J, J+ u E E M<
+v i E E G E{ E v
xnE b E {] il J+ B
ix{j { J{IE E {] { SS,
+xnx + +MEh, <C] {
Pi Ex + +EE H {
BE vE xnE E xSi Ex E
+xnx*
To discuss, approve & adopt the Balance
Sheet of the Bank as at 31-03-2010,
Profit & Loss Account of the Bank for the
year ended 31st March, 2010, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts, the
Auditors Report, to Declare Dividend on
Equity shares, and to elect one shareholders director in casual vacancy.
6.2 E< E{ +` E vh ` E {i x
E M l*
6.3 k 2010-11 E nx {]t ] u E< E{
{i x E M* il{, nxE 23.03.2011E {z E E
vE E +vh x ` E BE E{ {i
E M E E |] +li i E ]{i (i E) E
+vx +]x E +v { . 669,99,99,886 E i .
217 E | { |i 10/- E n { 29515418
E xM B +]x E +xnx Ei B BE E{ {i E
M*
6.4 10.06.2010 E +Vi {U E vh ` E
xxJi xnE ={li l*
V.{. n+
+vI B |v xnE
b. E
E{E xnE
B.+ xE
n i
{. . Mbd
E{E xnE
E u xi xnE
+EE M E xnE
n E E{
vE xnE
Shri D. Sarkar
Executive Director
Executive Director
Shri P. V. Gudireddy
Shri Deveshwar
Kumar Kapila
Shareholders Director.
n{ Sv
vE xnE
Shareholders Director.
E. E. bM
7. |E]Eh
+vE xi xnE
7. Disclosures:
E x x EM EB Vx E <i +{x
|]/xnE, |vx + =xE v +n E l E< B
i{h xnx x EB Vx Oi: E E i E l
]E E x *
E x {V V vi i +{I+ E +x{x E
il +x ]E BCSV +l vE/xE |vEh
u {U ix E { E< +lnb x M M +
x <E +Sx E M< *
E V ExW ={v il E E E
EE E J{I i x x x E M *
|vx SS + h {] xnE {] E + *
72
+{I
+x{x
REQUIREMENT
COMPLIANCE
8. |h E v
E |tME + S v E =zx + E V E
x E xi + <E l E x +{x
ivE E =xE v +x SxB |nx Ex E +Ei
E E E * E =x i ]E BCSV E i/
U/E k {h |i Ei V E E Sr
* <x vE +{I E +x BE ] S {j il
BE EEi li Guteg CtMt fuU S {j |Ei E
Vi * 2010-2011 E n x i k {h <xx
BC| (+OV) Vx ]hbb (+OV) bBxB x (+OV)
il +xxn V {jE (M) i +Oh S{j |Ei
rfUY dY :u* {h E E E <] www.allahabadbank.in
{ |ni E M*
E/lMi xE E EB MB |Vx]x E E <]
www.allahabadbank.in { nB MB *
9. vE i vh Sx
9.1 x E vh `E E h
8. Means of Communication:
The Bank appreciates the benefit accruing to the society with
the advent and advancement of technology and means of
communications and further recognized the need of keeping
its stakeholders informed of the events of their interest. The
quarterly/half yearly/ annual financial results of the Bank are
informed to all the Stock Exchanges where the shares of the
Bank are listed. These are published in one national newspaper
and one regional language newspaper based at Kolkata as
per statutory requirement. During the year 2010-11, the
quarterly financial results were published in leading
newspapers namely Financial Express(English), Business
Standard (English), DNA Money (English) and Aanand Bazaar
Patrika (Bengali). The results are also displayed on the web
site of the Bank www.allahabadbank.in.
The presentation made to the analysts/institutional investors
are hosted on the Banks Website www.allahabadbank.in
9. General Shareholders Information:
9.1 Particulars of 9th Annual General Meeting
nx + nxE
G, 10 Vx, 2011
{x 10.30
Time
10.30 A.M.
lx
<]x Vx ES ],
+< -201, C]-***, ] E ], EEi - 700106
Venue
E E k +| S * xxJi iJ E {i
+v i i {h E +xnx
30
30
31
31
Vx, 2011
i 2011
n 2011
S 2012
V<, 2011 E +i
+H, 2011 E +i
Vx 2012 E +i
J{Ii E J
yit- < 2012
End of July,2011
September 30,2011
End of October,2011
9.3 E CV E iJ ( B BVB)
73
9.5 ]M
9.5 Listing
9.5.1 ]E BCSV ]M
]E BCSV
]E Eb
]M E il
Date of Listing
Stock Exchange
Stock Code
xx ]E BCSV (BxB<)
BBE
ALBK
27.11.2002
532480
27.11.2002
/Month
=SS
High
(Rs)
+|
<
Vx
V<
+Mi
i
+H
x
n
Vx
BxB<
The annual listing fee for the financial year 2011-12 has already
been remitted to the above Stock Exchanges.
9.5.2 Compliance Officer
Shri A.B. Bhattacharjee General Manager (F&A)& CFO has
been designated as the Compliance Officer for complying with
various provisions of SEBI, other statutory authorities and
Listing Agreements with Stock Exchanges.
9.6 Market Price Data:
The monthly high and low quotations and the volume of shares
traded on National Stock Exchange (NSE) and Bombay Stock
Exchange (BSE) during the Financial year 2010-11 were as
follows:
/NSE
xx
Low
(Rs)
Qty.
(Nos)
=SS
High
(Rs)
B<
xx
Low
(Rs)
/BSE
Qty.
(Nos)
April 10
177.10
142.45
41255597
177.00
142.00
7984310
May 10
166.80
148.15
25546029
166.40
148.00
3670860
June 10
168.80
156.00
18589429
168.70
156.10
4174825
July 10
196.20
158.25
29713124
195.90
158.40
5310263
Aug 10
220.80
193.00
27579684
220.95
185.95
3049970
Sep 10
238.05
208.25
19627893
236.90
200.00
2796580
Oct 10
261.80
226.25
21341463
261.50
225.00
2912381
Nov 10
271.95
228.28
18890314
270.90
228.05
1697847
Dec 10
253.00
192.50
25068110
255.10
199.00
3470262
Jan 11
232.30
195.65
19068624
232.40
196.50
3980564
Feb 11
217.15
182.85
13903810
225.00
183.00
2610366
Mar 11
183.50
236.30
11746449
240.00
195.00
1600130
74
9.7 B Bb { BxBC x}] E ix E E E 9.7 Performance of Banks share in comparison with the
movement of S & P CNX Nifty is shown hereunder:
Ex{nx xxi :
nxE
BxB< E E E CVM
B Bb { BxBC x}]
Date
01-04-2010
03-05-2010
01-06-2010
01-07-2010
02-08-2010
01-09-2010
01-10-2010
01-11-2010
01-12-2010
03-01-2011
01-02-2011
31-03-2011
143.25
159.55
161.05
160.10
197.85
212.70
233.70
255.15
245.10
230.10
199.15
229.75
5290.50
5222.75
4970.20
5251.40
5431.65
5471.85
6143.40
6117.55
5960.90
6157.60
5417.20
5833.75
9.8 V] B ]x BV]
BB . 77/2A W b, EEi 700 029
V] B ]x BVx] *
9.9 +ih |h
E J
vE J
E |ii
vE E |ii
Category
No of shares
No of holders
Percentage of Shares
Percent of holders
1 to 500
26958496
149568
5.66
88.58
501 to 1000
10080134
14549
2.12
8.62
1001 to 2000
4307141
3025
0.90
1.79
2001 to 3000
1687965
690
0.35
0.41
3001 to 4000
982342
279
0.21
0.17
4001 to 5000
644777
139
0.14
0.08
5001-10000
1587298
221
0.33
0.13
10001-50000
4133415
182
0.87
0.11
50001-100000
100001 and above
E / TOTAL
3192539
40
0.67
0.02
422641311
157
88.75
0.09
476215418
168850
100.00
100.00
9.11 E b]<Vx
{ i E E +x { b] ={v * E
E <C] E +<B+<Bx Eb INE428A01015.
31.03.2011 E lli E E 429196007 ,
b]<V V <C] E 90.12% *
31.03.2011 E lli vE u b] + VE
J MB E h xxx *
75
VE
/PHYSICAL
b] /DEMAT
BxBbB /NSDL
bBB /CDSL
E /TOTAL
vE E J
E J
No of shareholders
No. of shares
% of shareholding
55618
47019411
9.88
83656
175223149
36.79
29576
253972858
53.33
168850
476215418
100.00
vi E
xE +{x +xv/Ei i V] E { +l E
xxLi {i { nV E Ei :
allahabadbank.grievance@yahoo.co.in
E{x S
M B xE Ei EI
<n E, |vx E
2, xiV b
EEi-700 001
]: 033-22420878
C: 033-22107424
<: investors.grievance@allahabadbank.in
Kolkata-700029
Fax : 033-24541961,24747674
Kolkata-700 001
Email: mcscal@cal2.vsnl.net.in OR
Tele: 033-22420878
allahabadbank.grievance@yahoo.co.in
Fax: 033-22107424
BB .
77/2B, V b,
EEi-700029
]: 033-24541893 / 033-24541892
C: 033-24541961, 24747674
<: mcscal@cal2.vsnl.net.in OR
Email: investors.grievance@allahabadbank.in
76
Resolved
Pending as on 31-03-2011
x/Nil
1636
1636
x/Nil
Ei /+xv E .
No. of Complaints/requests
b] =Si Ji +n {c E h xxi :
vE E J
vi E J
<C] E
Description
No. of Holders
% to equity
276215418
58.00
19
60462606
12.70
65
13373604
2.81
11
153140
0.03
157
71706794
15.06
1372
5829446
1.23
794
317465
0.06
166431
48156945
10.11
E /TOTAL
168850
476215418
100.00
i E
Government of India
E{x
Insurance Companies
S+ b/]+<
Mutual Funds/UTI
k lB / E
Financial Institutions/Banks
n lMi xE (n k lB)
Foreign Institutional Investors ( Foreign Financial Institutions)
xMi xE
Bodies Corporate
+x i
ES i x H
77
<B xb] E {] E l Mx V VE
vh Ex vE u V] B +ih BV]
E V VB * b]<V { Jx vE
<B xb] i +{x b{V] {]{] {E E* vE
E Ex { Bx<B E v |{i Ex E E{
{i E V Ei *
13. +S i
E x xnE b + ` |vx EE i |V +S
i i E + < 17.10.2005 E +Vi +{x ` E
b u +MEi E M il E E <] +li
www.allahabadbank.in { ={v *
b E n + ` |vx x E +v { i E
+x{x E {] E + +vI B |v xnE E + E
M< < + E Ph < |inx E + *
Ph
Declaration
E x b E n + E E ` |vx i +S
i xvi E + < E E <] { b *
The Bank has laid down Code of Conduct for all the Board
members and Senior Management Personnel of the Bank
and the same is posted on the Banks website.
b E n + ` |vx x +S i E +x{x E
EH n *
xnE b E B B =xE +
nxE : 02-05-2011
lx: EEi
( V.{. n+)
+vI B |v xnE
Date:
Place:
78
02-05-2011
Kolkata
(J. P. Dua)
Chairman & Managing Director
J{IE E |h{j
Auditors Certificate
<n E E vE E B
x ]E BCSV E l E E Sri E E Jb 49
lxvi E +x 31 S, 2011 E {i i <n
E, EEi E E{] Mx E li E +x{x E
VS E *
E{] Mxx E i E +x{x E Vn |vx E *
VS E{] Mx E i E +x{x xSi Ex
i E E u +{x< M< |G + =E Exx iE i
l* x i J{I + x E E k h {
+i H Ex *
il =k VxE nB MB {]Eh E
+x |hi Ei E E x ={H Sri E
xvi E{] Mx E i E +x{x E +
i V E E nxn E =Px x Ei *
Ex E +x{x x i E E i
i +x + x E E Ex{nx |vx E Ei
B |i *
Ei . ni E {J Bb E.
xn JE
+<B+< {VEh J 110512W
Ei . {.B. Bb BB]
xn JE
+<B+< {VEh J
(Exi V)
vtxolh
ni . 39461
(n{ E +O)
vtxolh
ni . 55420
(B.Bx. E]x)
vtxolh
ni . 22993
(Srikant Jilla)
Partner
Membership No. 39461
(M. N. Venkatesan)
Partner
Membership No 22993
Ei . B.P Bb E{x
xn JE
+<B+< {VEh J
Ei . E. B. +O
xn JE
+<B+< {VEh J
Ei . B.. Vx Bb E.
xn JE
+<B+< {VEh J
302184 E
For M/S S. GHOSE & CO
Chartered Accountants
Firm ICAI Regn. No 302184 E
(Snx S]]{v)
vtxolh
ni . 51254
(Chandan Chattopodhay)
Partner
Membership No. 51254
313085E
302184 E
For M/S K. M. AGARWAL & Co
Chartered Accountants
Firm ICAI Regn. No 853 N
Ei . B.+. xh Bb E.
xn JE
+<B+< {VEh J 002330S
(. {. )
vtxolh
ni . 073009
(E E. {])
vtxolh
ni . 056623
(C.P. Mishra)
Partner
Membership No.073009
79
304012E
< n E
ALLAHABAD BANK
+xS
Particulars
lli
31.03.2011
(< V )
lli
31.03.2010
(< V )
Schedule
As on 31.03.2011
(< in thousand)
As on 31.03.2010
(< in thousand)
1
2
3
4
4,762,154
80,311,712
1,318,871,603
69,181,774
4,467,000
63,062,524
1,060,557,540
54,354,751
39,736,366
1,512,863,609
34,550,315
1,216,992,130
79,009,281
71,837,784
31,264,477
432,470,643
936,248,884
11,482,285
22,388,039
1,512,863,609
563,944,857
39,845,979
19,844,466
384,286,239
716,048,718
11,182,746
13,792,177
1,216,992,130
490,807,906
29,443,736
{V + niB
CAPITAL & LIABILITIES
{V / Capital
|Ii B +v /Reserves & Surplus
V / Deposits
=v / Borrowings
+x niB B |vx / Other Liabilities
and Provisions
E / Total
+i / ASSETS
i W E xEn + +i
Cash and Balances with
Reserve Bank of India
E +i + M il +{ Sx { n vx
+vI B |v xnE
J. P. DUA
Chairman & Managing
Director
b. E
B. +. xE
E{E xnE
E{E xnE
(D. SARKAR)
Executive Director
(M. R. NAYAK)
Executive Director
E |vE (k B J)
A. B. Bhattacharjee
General Manager
(Finance & Accounts
and CFO)
(S. L. JAIN)
Assistant General Manager
(Finance & Accounts)
Ei { B Bb BB]
Ei B. +. xh Bb E.
xn JE / Chartered Accountants
+<B+< V. ./ICAI Regd No: 002330 S
(n{ E +O)
B. B. Vx
Y. ce. Ctatgo
|vE (k B J B B+)
Ei B P Bb E.
Ei E. B. +O Bb E.
{]x /Partner
ni ./ Membership No.-073009
80
(. {. )
(C. P. Mishra)
Ei B. . Vx Bb E.
For M. C. Jain & Co.
xn JE /Chartered Accountants
+<B+< V. ./ICAI Regd No: 304012 E
(E E {])
(Mukesh Ku Patawari)
{]x /Partner
ni ./ Membership No.-056623
< n E
ALLAHABAD BANK
31 S, 2011 E {i i YJk x J
Profit and Loss Account for the year ended 31st March, 2011
{i
+xS
Particulars
Schedule
+ / INCOME
+Vi V /Interest earned
13
+x + /Other income
14
E /Total
II /EXPENDITURE
E M V /Interest expended
15
{Sx /Operating expenses
16
|vx + +EE /Provisions & contingencies
E /Total
III x / Net Profit
+Oxi /Balance brought forward
E /Total
IV xVx / APPROPRIATIONS
vE |Ii E +ih / Transfer to Statutory Reserve
V |Ii fUtu +xih /Transfer to Revenue Reserve
|Ii {V-yg E +ih / Transfer to Capital Reserve - Others
Ii fUtu yk;hK
(ytgfUh yr"rlgb, 1961 E v 36 (I)(viii) fuU ylwmth)
+<+B Ii E/mu yk;hK /
Transfer to Special Reserve (in terms of
Sec 36(I)(viii) of I.T. Act 1961)
+<+B Ii E/mu yk;hK / Transfer to / from IRS Reserve
|ii / Proposed Dividend
{ E / Tax on Dividends
ix {j +Ouxi /Balance carried over to Balance Sheet
E / Total
bnJvqKo tuFt ler;gt/Significant Accouning Policies 17
J { ]{{h/Notes on Accounts
18
r; Nugh ysol (.)/Earnigs per share (Rs.)
( E +Ei . 10/- ) /(Face value of share Rs.10/-)
Basic
Diluted
{i
31.03.2011
(< V )
31.03.2010
(< V )
110,146,917
13,704,127
123,851,044
83,692,002
15,159,023
98,851,025
69,922,242
23,383,021
16,314,730
109,619,993
14,231,051
1,251,984
15,483,035
57,187,209
16,178,316
13,422,229
86,787,754
12,063,271
960,926
13,024,197
3,600,000
4,000,000
NIL
3,050,000
5,500,000
97,821
3,560,000
-61,803
2,857,293
463,524
1,064,021
15,483,035
250,000
NIL
2,456,850
417,542
1,251,984
13,024,197
31.85
31.85
27.01
27.01
+vI B |v xnE
J. P. DUA
Chairman & Managing
Director
b. E
B. +. xE
E{E xnE
E{E xnE
(D. SARKAR)
Executive Director
(M. R. NAYAK)
Executive Director
E |vE (k B J)
A. B. Bhattacharjee
General Manager
(Finance & Accounts
and CFO)
(S. L. JAIN)
Assistant General Manager
(Finance & Accounts)
Ei { B Bb BB]
xn JE / Chartered Accountants
+<B+< V. ./ICAI Regd No:313085 E
(n{ E +O)
Ei B P Bb E.
Ei E. B. +O Bb E.
xn JE /Chartered Accountants
+<B+< V. ./ICAI Regd No: 302184 E
B. B. Vx
Y. ce. Ctatgo
|vE (k B J B B+)
81
Ei B. +. xh Bb E.
For M. R. Narain & Co.
xn JE / Chartered Accountants
+<B+< V. ./ICAI Regd No: 002330 S
(B. Bx. E]x) (M N Venkatesan)
{]x / Partner
ni ./ Membership No.-22993
Ei B. . Vx Bb E.
For M. C. Jain & Co.
xn JE /Chartered Accountants
+<B+< V. ./ICAI Regd No: 0853 N
(. {. )
xn JE /Chartered Accountants
+<B+< V. ./ICAI Regd No: 304012 E
(E E {])
(C. P. Mishra)
(Mukesh Ku Patawari)
{]x /Partner
ni ./ Membership No.-056623
{]x /Partner
ni ./ Membership No.-073009
< n E
ALLAHABAD BANK
xEn | h-{j
Cash Flow Statement
h / Particulars
2010-11
2009-10
110,146,917
83,692,002
+x + / Other Income
P]B /Less:
E nx V { |nk V
Interest paid during the year on Deposit
13,659,647
123,806,564
64,983,235
15,112,202
98,804,204
53,424,137
39,697,750
Vc: / Add:
l +i { /Depreciation on Fixed Assets
E. {Sx Vi xEn
({SxMi +i + ni+ {ix {)
a.
104,680,985
29,600,545
83,024,682
663,897
626,962
19,789,476
16,406,484
J. ni+ r (E) :
b.
V / Deposit
+x niB B |vx / Other Liabilities & Provisions
258,314,063
210,839,654
4,718,039
3,097,106
263,032,102
213,936,760
M. +i E (r) :
c. Decrease (Increase) in Assets:
+O / Advances
xvx / Investments
+x +i / Other Assets
E. {SxMi Miv x xEn | (E+J+M)
-220,200,166
-128,031,084
-48,184,404
-87,775,742
-8,595,688
-276,980,258
694,617
5,841,320
15,231,035
x Miv xEn |
Cash Flow from Investing Activities
l +i E G/x{]x
Sale/disposal of fixed assets
12,748
7,870
-976,183
-720,060
l +i E G /
Purchase of fixed assets
82
-215,112,209
2009-10
-963,435
-712,190
14,827,023
-4,939,008
-2,874,392
6,700,000
4,865,384
-3,763,072
-1,306,542
NIL
11,000,000
NIL
13,713,623
10,795,770
18,591,508
25,314,615
E nx E xEn | (fU+F+d)
P E + xEn + xEn i
D. Cash & Cash equivalent at the beginning of the year
i W E E vtm xEn il +i
Cash & Balances with RBI
71,837,784
51,153,786
E +i + bM il +{ Sx { n vx
Balances with Banks and Money at Call and Short Notice
E / Total
R E +i xEn + xEn i
19,844,466
15,213,849
91,682,250
66,367,635
79,009,281
71,837,784
31,264,477
19,844,466
110,273,758
91,682,250
i W E E vtm xEn + +i
Cash and Balances with RBI
E +i + M il +{ Sx { n vx
Balances with Banks and Money at Call and Short Notice
E / Total
E nx E xEn | (R-P) /
Total Cash Flow during the year (E-D)
xnE / Directors:
B / Sh. S Ramaswamy
i Ei J / Smt Sukriti Likhi
+ B Sin /Sh. R M Chaturvedi
b. E =W-Vx +
18,591,508
+vI B |v xnE
J. P. DUA
Chairman & Managing
Director
b. E
B. +. xE
E{E xnE
E{E xnE
(D. SARKAR)
Executive Director
(M. R. NAYAK)
Executive Director
B. B. Vx
Y. ce. Ctatgo
|vE (k B J B B+)
E |vE (k B J)
A. B. Bhattacharjee
General Manager
(Finance & Accounts
and CFO)
(S. L. JAIN)
Assistant General Manager
(Finance & Accounts)
Ei { B Bb BB]
Ei B. +. xh Bb E.
xn JE / Chartered Accountants
+<B+< V. ./ICAI Regd No: 002330 S
n{ E +O
25,314,615
Ei B P Bb E.
Ei E. B. +O Bb E.
83
. {.
ni
(C. P. Mishra)
{]x /Partner
./ Membership No.-073009
Ei B. . Vx Bb E.
For M. C. Jain & Co.
xn JE /Chartered Accountants
+<B+< V. ./ICAI Regd No: 304012 E
E E {]
(Mukesh Ku Patawari)
{]x /Partner
ni ./ Membership No.-056623
+xS
SCHEDULE
lli
As on
31.03.2011
(< V )
(< in thousand)
+xS 1 - {V
lli
As on
31.03.2010
(< V )
(< in thousand)
SCHEDULE - 1 CAPITAL
30,000,000
30,000,000
2,762,154
2,467,000
2,000,000
2,000,000
4,762,154
4,467,000
i)
16,273,871
13,223,871
ii)
3,600,000
3,050,000
19,873,871
16,273,871
8,686,888
8,733,709
NIL
NIL
NIL
NIL
(44,480)
8,642,408
(46,821)
8,686,888
103,251
103,251
NIL
NIL
fuU mhfUth tht "trh; gufU h. 10/fuU 27,62,1,5,418 <C] ({U 24,67,00,000)
27,62,1,5,418 Equity Shares of Rs.10/- each
held by Central Government
+xS 2 - |Ii + +v
SCHEDULE - 2 RESERVES & SURPLUS
I.
II.
A)
vE |Ii
/ Statutory Reserves
+l / Opening Balance
E nx {vx / Additions during the year
E / Total :
{V |Ii / Capital Reserves
{xEx |Ii / Revaluation Reserves
i) +l / Opening Balance
ii) E nx {vx/Addition during the year
iii) E nx E]i /Deduction during the year
iv) B x J +ih /
Transfer to Profit & Loss Account
E /Total :
B)
C)
E / Total :
E / Total (A+B+C)
84
NIL
NIL
103,251
103,251
3,409,453
3,311,632
NIL
97,821
3,409,453
3,409,453
12,155,112
12,199,592
lli
As on
31.03.2011
(< V )
(< in thousand)
III.
i)
ii)
iii)
IV.
i)
ii)
iii)
V.
lli
As on
31.03.2010
(< V )
(< in thousand)
25,032,478
19,532,478
4,000,000
5,500,000
NIL
NIL
29,032,478
25,032,478
1,150,000
900,000
3,560,000
250,000
4,710,000
1,150,000
(126,265)
5,765
NIL
(21,413)
NIL
(132,031)
(147,678)
(126,266)
80,865
80,865
+l / Opening Balance
E nx {vx /Additon during the year
Deduction/Adj. during the year
E / Total:
+< + B |Ii / I R S RESERVE
+l / Opening Balance
E nx {vx / Additions during the year
E nx E]i/Vx/Deduction during the year
E / Total :
| / Share Premium
+l / Opening Balance
E nx vvx / Additions during the year
E nx E]i / Deduction during the year
E / Total :
B x Ji / Balance in Profit & Loss Account
E / Total :(I+II+III+IV+V+VI+VII+VIII)
85
NIL
NIL
(61,802)
NIL
19,063
80,865
7,200,000
7,200,000
6,404,846
NIL
13,604,846
7,200,000
1,064,021
1,251,984
80,311,712
63,062,524
lli
As on
31.03.2011
(< V )
(< in thousand)
lli
As on
31.03.2010
(< V )
(< in thousand)
+xS 3 - xI{
SCHEDULE - 3 DEPOSITS
i)
ii)
i E li J+ E xI{ /
I.
i)
ii)
II.
III.
E /Total :
479,031
571,433
91,081,202
82,584,031
91,560,233
83,155,464
350,004,265
282,711,836
8,128,535
9,129,294
869,178,570
685,560,946
877,307,105
694,690,240
1,318,871,603
1,060,557,540
1,315,059,908
1,057,736,587
3,811,695
2,820,953
1,318,871,603
1,060,557,540
2,500,000
NIL
+xS 4 - =v
SCHEDULE - 4 BORROWINGS
I.
i)
ii)
iii)
IV)
V)
i =v / Borrowings in India
i W E / Reserve Bank of India
+x E / Other Banks
+x lB B +Eh / Other Institutions and Agencies
Mh xx n @h Ji / Subordinated Innovative
3,121,641
NIL
1,315,113
128,437
3,000,000
3,000,000
10,000,000
10,000,000
26,119,000
27,119,000
46,055,754
40,247,437
23,126,020
14,107,314
69,181,774
54,354,751
NIL
NIL
Mh @h-+{ ] II {V
86
lli
As on
31.03.2011
(< V )
(< in thousand)
lli
As on
31.03.2010
(< V )
(< in thousand)
/ Bills Payable
II. +i E Vx (x) / inter Office Adjustment (Net)
III. ={Si V / Interest Accrued
IV. +lMi E niB /Deferred Tax Liabilities
V. +x (|vx i) / Others (including provisions)
E / Total :
3,871,215
3,942,742
2,426,895
1,853,914
5,459,648
4,107,615
758,635
239,214
27,219,973
24,406,829
39,736,366
34,550,314
+xS 6 - i W E xEn + +i
SCHEDULE - 6 CASH AND BALANCES WITH RESERVE BANK OF INDIA
I. Ec
/ Cash in hand
(n E x] i)(including foreign currency notes)
II. i W E +i /
3,567,098
3,798,799
75,442,183
68,038,984
NIL
NIL
79,009,281
71,837,783
- S Ji / - in Current Account
- +x Ji / - in Other Accounts
E / Total :
+xS 7 - E +i + M il +{ Sx { n vx
SCHEDULE - 7 BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
I. i / In India
i.
a)
2,491,628
3,392,147
1,849,666
2,949,650
9,422,961
NIL
2,400,000
NIL
16,164,255
6,341,797
8,232,612
4,298,178
NIL
NIL
6,867,610
9,204,491
NIL
NIL
15,100,222
13,502,669
31,264,477
19,844,466
II.
i.
ii.
/ with Banks
b) +x l+ / with Other Institutions
E / Total : ( i + ii )
i E / Outside India
E +i / Balances with Banks
a) S Ji / in Current Accounts
b) +x V Ji / in Other Deposit Accounts
M il +{ Sx { =ug vx /
Money at Call and Short Notice
a) E
/ With Banks
b) +x l+ / With Other Institutions
E / Total : ( i + ii )
E / Total :(I+II)
87
lli
As on
31.03.2011
(< V )
(< in thousand)
lli
As on
31.03.2010
(< V )
(< in thousand)
+xS 8 - xvx
SCHEDULE - 8 INVESTMENTS
I. i xvx / Investments in India in
i.
E |ii /Government Securities
ii.
+x +xni |ii / Other Approved Securities
iii.
/ Shares
iv.
bS + v {j / Debentures & Bonds
+xM il/+l H ={G xvx
v.
Investments in Subsidiaries and / or
Joint Ventures
vi.
+x (S+ b, ]+< +n) /
Others ( Mutual Funds, UTI etc. )
E / Total :
xvx / Gross Investments
P]B +I i |vx / Less: Provision for Depreciation
x xvx /Net Investments
III. i E xvx / Investments Outside India
E / Total (I+III) :
II. E
+xS 9 - +O
SCHEDULE - 9 ADVANCES
E/A i. G E MB B xB MB /
Bills purchased and discounted
ii. xEn @h, +b}] + M {
Cash credits, Overdrafts and
loans repayable on demand
iii. n @h /Term Loans
E / Total :
J/B i. i +i u |ii
|in @h
351,035,281
1,188,444
4,400,236
23,633,139
309,829,425
1,382,736
4,690,410
16,242,940
1,172,204
1,172,204
51,041,339
50,968,524
432,470,643
435,448,420
2,977,777
432,470,643
NIL
432,470,643
384,286,239
386,804,276
2,518,037
384,286,239
NIL
384,286,239
40,543,460
21,841,484
405,139,660
490,565,764
936,248,884
298,053,178
396,154,056
716,048,718
776,889,624
575,987,521
34,514,447
124,844,813
936,248,884
17,057,949
123,003,248
716,048,718
307,637,300
147,866,409
NIL
451,715,340
907,219,049
242,793,500
91,478,586
NIL
373,320,079
707,592,165
19,791,067
3,736,156
699,816
7,498,680
680,390
3,342,096
1,040,272
29,029,835
936,248,884
697,911
8,456,553
716,048,718
( @h { +O i)
E/E |ii u Ii
yg
/ Others
E / Total :
E / Total : :(CI+CII)
88
lli
As on
31.03.2011
(< V )
(< in thousand)
lli
As on
31.03.2010
(< V )
(< in thousand)
+xS 10 - l +i
SCHEDULE - 10 FIXED ASSETS
I.
{ ({xEi { i)
9,983,214
9,968,693
NIL
NIL
NIL
9,983,214
279,866
255,242
9,711,495
9,727,972
439,280
394,800
9,272,215
9,333,172
6,505,701
5,808,033
{xx il E
Depreciation to date on revaluation
II.
NIL
9,991,361
E il E
Depreciation to date on book value
vi.
14,521
9,983,214
E nx E]i / Vx /
Deductions/ Adjustment during the year
v.
8,147
9,991,361
E / Total
+x l +i (xS + CS i)
Other Fixed Assets (including Furniture & Fixtures)
i.
ii.
iii.
iv.
v.
89
968,036
705,538
7,473,737
6,513,571
11,717
7,870
7,462,020
6,505,701
(1,030)
NIL
7,460,990
6,505,701
5,250,920
4,656,127
2,210,070
1,849,574
11,482,285
11,182,746
lli
As on
31.03.2011
(< V )
(< in thousand)
lli
As on
31.03.2010
(< V )
(< in thousand)
+xS 11 - +x +i
SCHEDULE - 11 OTHER ASSETS
i.
+i E Vx (x) /
Inter Office Adjustment (Net)
ii.
iii.
NIL
NIL
7,064,690
4,923,149
3,792,894
2,361,894
97,089
82,787
NIL
323
11,433,366
6,424,024
22,388,039
13,792,177
26,550,516
9,372,748
1,600
1,600
399,085,554
370,658,925
(i)
40,947,122
44,293,428
(ii)
4,205,493
4,466,326
92,736,153
61,628,228
418,419
386,651
563,944,857
490,807,906
iv.
v.
vi.
E E r n Vx @h E { E x E M
(+{vx ni +E M i)
Claims against the bank, not acknowledged
as debts (including disputed Income
Tax demands under appeals)
II.
+i: nk x E B ni
Liability for partly paid investments
III.
E n x n+ E Eh ni
Liability on account of outstanding
forward exchange contracts
IV.
V.
i / - In India
i E /-Outside India
|iOh, {`Ex + +x viB
Acceptances, endorsements and other obligations
VI
+x n VxE B E +EE { Vn
Other items for which the Bank is contingently liable
/ Total :
90
{i / Year Ended
31.03.2011
(< V )
(< in thousand)
{i / Year Ended
31.03.2010
(< V )
(< in thousand)
+xS 13 - +Vi V
SCHEDULE 13 - INTEREST EARNED
I)
II)
III)
82,741,766
63,984,654
26,702,663
19,447,617
546,852
251,737
155,636
7,993
110,146,917
83,692,001
7,837,422
6,489,377
1,614,772
7,633,362
-12,382
-1,867,904
-50
-5,607
730,215
484,825
101,897
135,073
+x / Others
E / Total
+xS 14 - +x +
SCHEDULE 14 - OTHER INCOME
I)
II)
iii)
Iv)
, x il +x +i E G {
Profit on Sale of Land, Building and Other Assets (net)
V)
V)
VI)
v + / Miscellaneous Income
E / Total
3,432,253
2,289,897
13,704,127
15,159,023
64,983,234
53,424,137
482,128
397,333
4,456,880
3,365,739
69,922,242
57,187,209
+xS 15 - E M V
SCHEDULE 15 - INTEREST EXPENDED
I)
II)
V { V / Interest on deposits
i W E/+i-E =v { V
Interest on RBI/Inter bank borrowings
III)
+x / Others
E / Total
91
{i / Year Ended
{i / Year Ended
31.03.2011
(< V )
(< in thousand)
(< V )
(< in thousand)
15,576,240
10,113,792
2,018,006
1,765,438
220,040
207,640
358,247
216,379
663,897
626,962
11,975
9,838
179,098
161,429
135,818
69,022
244,822
236,265
412,818
243,667
999,084
789,081
2,562,976
1,738,803
23,383,021
16,178,316
31.03.2010
+xS 16 - {Sx
SCHEDULE 16 - OPERATING EXPENSES
I)
II)
III)
IV)
V)
VI)
VII)
J {IE E +
(J J {IE i)
Auditors fees and expenses
(including branch auditors)
VIII)
IX)
X)
XI)
XII)
v | /Law charges
bE, i, ]x +n / Postages,Telegrams,Telephones etc
i + +xIh / Repairs and maintenance
/ Insurance
+x /Other expenditure
E / Total
92
+xS - 17 i{h J xi
1. J E +v :
(i) k ht fUtu, V +xl =Ji x , J E
{{Mi Mi {{] B ={Si +v { il vE
|vx B xi: E J ri E +x{
x M *
(ii) k h i V E (..E) u + +Yx,
+i MEh, |vxEh il +x vi {
- { V EB MB Mn xn E +x{ * i
xn JE lx u V J xE B =nPh il i
E EM =tM |Si J {ri*
2. n p v xnx :
2.1 i E J+/E i :
i)
(E)
(J)
(M)
(ii)
(E)
1.
Basis of Accounting:
(iii)
93
(ii)
(iii)
n p vi + il n E xnx E nx M
x M n { {ii E Vi *
M] i Ei, {`Ex + +x ni E E
+i b< u Si |Si V n { +E Vi *
3. x :
(i) E E x E i V E E nxn E +x ix
|M l {{Ci iE vi, { i vi, G i
={v il MEi E Vi *
(ii) x E |E]Eh E xxJi U + MEi E
Vi :
(E) E |ii,
(J) +x +xni |ii,
(M) ,
(P) bS B b,
(R) +xM l+/H =t il
(S) +x
(iii) (E) x V E {{Ci iE vi Ex Si , E {{Ci
iE vi E { MEi E Vi *
(J) x V G E il 90 nx i { {xG i
vi E Vi , E { i vi E { MEi E Vi *
3.
(E) +O E B |V i V E E +i MEh B
|vx E E{h xnb E M Ei B +O { E bS/
b E +I*
Investments:
Government Securities,
b)
c)
Shares,
d)
e)
f) Others
(iii) a) Investments that the Bank intends to hold till maturity
are classified as Held to Maturity.
b) Investments that are held principally for resale within 90
days from the date of purchase are classified as Held for
Trading.
94
Ij Oh E x E hFtJ ttd; { Ei E Vi *
(vii)
(viii)
x fUe |{i E Mi :
G< E M< |ii E |ix il Ex
+ ]-Bb E E x *
Ex, n, |ii x-nx E il ]{ b]
x *
(x) x E G |{i /x E B x J +Yi
E Vi * {{Ci iE vi MEh x E G
|{i E i E { B x J
Vi ii{Si < vqkse +Ii Ji xM E Vi *
(xi) x E V E xvh i ]E BCSV E]x
B+<BBbB/{bB+< u |ii n E +{x Vi * B
E]x/n E + V E xvh B+<BBbB/
{bB+< +l i V E u xvi xnb E +x
Si {{Ci |i (<]B) n { E Vi *
(xii) i V E E nxn E +x z h E Jiv E
x xxx E Vi *
(U) V {
V n {, V V +i + ni+ E S Ei , E ={Si
+v { Vi = +i +l ni i xq] { E
Uc E V k h V { +l Mi V E
{ Vi *
{ E xx { x +l x E { E nMi +v +l
+i/ni+ E +v E { +Yi E Vi *
(ix)
(V) ]bM {
]bM { xnx E k h nV {ix E l V
Sxi E Vi *
4. +O
(i) +O i V E u xvi nxn E +x{ ={V
B +x{V +O MEi EB Vi il +x{V +O i
|vx E x E { nB Vi *
(ii) il{, i V E E nxn E +x xE +O
(={V) i EB MB |vx E +x niB B |vx E ii
E Vi *
5. l +i +
(i) Ei{ { E +, Vx =xE {xEi n
M , +x { + +x l +i E =xE {i Mi
{ n Vi *
(ii) xh +v E nx EB MB {VMi E +x +i E
+iMi E Vi *
(iii) +I E |vx, BB{B B E{] E UcE, V i
V E E nxn E +x{ v {ri 33.33% E n
h)
Trading Swaps
Advances:
(i)
Advances are classified as performing and nonperforming as per guidelines prescribed by RBI and are
shown net of provisions for non-performing advances.
(i)
95
(v)
(vi)
6. +i +i (E{] }])
(i) E{] i }], V ] }] E x E{] {Si
x Ei, r b E +z M , il +S +i
x Vi * V }] b E +z +M x E{]
}] E +i +i x VBM*
(ii)
b |{i E{] }] E i +i +i x VM V
}] E /Mi . 10.00 J +vE * < |E E
+i +i =xE G +v E nx +vEi 10 E
+v iE {vi E Vi *
(i)
7. ES :
(i)
6.
E x ES E v +{x ni+ E xi i
i xn JE lx u V J xE
15(vi)- ES M E *
7.
Employee Benefits:
(i)
Gratuity:
Pension (ABRPR):
96
M. +E E i (BB)
v ES E |nx E Vi + < =tM
Zi/+b E +x - { lvi x E
+x Vx E +iMi l{i vi ES E {
E n E v EB MB j E |i{i *
M xvE Vx + E +{x Vx E +iMi +E E
i ni E v |vx EE x E +v {
Ei * x |iE i E +xni EE u
E Vi * BB vi Mix E E -x Ji
E Vi *
P. +E xEnEh
E BB v E ={M Ex ES E E S
E E +vEi 30 nx E vE +E E xEnEh
E +xi |nx Ei * xk +l i x { ES E
Ji V vE +E, +vEi 240 nx fuU xEnEh E
+xi n Vi * ES u iM{j nx E
xEnEh E vE +E E 50% + +vEi 120
nx iE i * M xvE Vx + E < Vx E
+iMi +E xEnEh ni E v |vx EE x
E +v { Ei x E +xni EE u E
Vi * B +E xEnEh E Mix E E -x Ji
E Vi *
c.
d. Leave Encashment:
The Bank permits encashment of Privilege Leave balance to
it employees availing LFC facility, up to the maximum limit of
30 days leave in a block of four years of service. Encashment
of privilege leave standing to the credit of an employee is also
permitted in case of retirement or death subject to a maximum
of 240 days. In case of resignation from the service by an
employee, such encashment is restricted to 50% of the balance
of privilege leave subject to a maximum of 120 days. It is a
non-funded scheme and the Bank maintains a provision on
account of its leave encashment liability under the Scheme
on the basis of actuarial valuation, which is conducted by
approved Actuary . Payment of such leave encashment is
made through the Profit and Loss Account.
e. Sick Leave:
R. U]]
E E ES u SEi +v { U]] { S
Vx =i{z E +EEi i +{x ni+ fuU B |vx
Ei V |Si i/x E +x +xY * M
xvE Vx + E <E |vx EE x E +v
{ Ei V E +xni EE u E Vi *
(iii)
(iv)
(v)
+{v ES E = E x J +]]Ei
E { +Yi E Vi V vi
B |nx E Vi *
8. + + E +Yx
xxJi E + +- E ={S +v { E Vi
8.
+x{V +i E { MEi +O { V il +x +
E E j iE +xvi E Vi *
ii) + E E { { V |{i + + V E E Mhx
vi E xvh +vE u +n V EB Vx
E Vi *
9. {]]
E u |{i EB E ={Si +v { -x J +Yi
E Vi *
{Sx {]] { M< +i i {]] E Mix -x
J E { +Yi E Vi *
i)
(i)
Interest and Other Income on advances classified as nonperforming assets are recognized to the extent realized.
97
10. |i +Vx
|i <C] E + b<]b +Vx E {] i
xn JE lx u V J xE 20 |i +Vx
fUu ylwmth fUe st;e ni> |i <C] E +Vx E Mhx
+v i E <C] E i +i J x +
E M EE E Vi * |i <C] b<]b +Vx E
Mhx <C] E i +i J + E nx
E b<] <C] ht E |M E E Vi *
11. Evx
(i) E i |vx S (xxi E{E E (]) i) +
+lMi nx E i E Vi * E M + { S
E E |vx, |V E n + E x E |M EE
E Vi * J xE 22 E +x{x : i E xn
JE lx u V ""+ { E i J"",
+i E Eh =i{z +lMi E +i + niB, V
{i +v |iix E M , ix {j E il iE
xB MB n x Vx E x + E n E
|M EE +Yi E Vi * +lMi E +i i
iE +Yi x E Vi V iE E 'i xSi'
x VB E {{i E M + ={v M V
+lMi E +i E VBM*
(ii) xxi E{E E (]) V E +i E { i x
VBM V B {] |h E E{x +-E +vx
1961 E ii xn] +v E +n x E E Mix
E nM*
11. Taxation
(i)
i xn JE lx u V J xE 29
|vx, '+EE niB B +EE +i' E +x{
E |vx i +Yi Ei V E {U P]x E
{h{ ix ni =i{z i +
E +lE vx E | ni E
vx i +{Ii M + V ni E E
x +xx E V Ei *
E)
J)
(i)
(ii)
98
i)
ii)
iii)
x E +lE vx E |
ni E vx i +{Ii M +l
ni E E x +xx x E V Ei
* B ni E +EE ni+ E { nV E
Vi * <xE xi +i { xvh E Vi
+ ni E E = M E B |vx E Vi
VE B +lE vx E | ,
=x +ii +vh {li E UcE V ni E
E x +xx x E V Ei *
k h +EE +i E +Yi x E
M CE <E {h{ B + E +Yx
Ei V E x V Ei*
i)
ii)
99
+xS-18 J ]{{h
1.
(i)
(ii)
2.
(i)
(ii)
. . . E xn E +x, V E nxE 17 S,
1998 E =xE bB.+.BB.423.22.04.001/
97-98 , 330 J+ E v z CiMi
B +CiMi J {x +i, V E .141.39
Ec x @h , E 2000 B 2004 E nx
|vx E E lxii E n M l B ""+EE
J-x"" J M l* .. x nxE 09 n,
2010 E +{x bB.+.BB. . 8002/22.04.001/
2010-11 E +x <x 330 J+ E, B
J+ E { , ix { E E i h
{] x Ex E +xi n *
3. ni z xE xh { S Ex E n
+E i (+lMi E i) E u . 1822.95 Ec
({U . 1315.35 Ec) E |vx {{i x M*
(ii)
4.
(i)
2.
(ii)
(iii)
3.
4.
100
V Jb E +M Mi ={v x , B +I
E Jb il x E Mi { |i E M *
(iii) V Mi ={v x {]] +v i {]]vi
{ | E {vx Mi +v { +l +Ji
{ E M ni*
(iv) xxEi {k i {VEh E +{SEiB { E
Vx :E. 1990 + 1998 E nx EEi B x G:
29 + 10 ] 2 + {k Fhe=e dR
VxE Mi . 0.86 Ec ({U . 0.86
Eb) *
J. +xn E, x< n BE {]]vi {k VE
Mi .0.09 Ec ({U . 0.23 Ec) *
+i +i i +x +i E h xxx *
(v)
(ii)
(v)
h / Particulars
+l / Opening Balance
E nx Vc / Additions during the year
E nx {vi / Amortized during the year
<i / Closing Balance
5.
5.
/ Current Year
Mi
/ Previous Year
20.05
12.38
19.19
10.04
3.65
2.37
35.59
20.05
(iv) V
The Bank has not made any financing for margin trading
during the year and also not securitised any assets.
7.
101
8.1.
E E nxn E +x |E]Eh/
8.1
{V/
(< Ec )
Capital
h
Particulars
/(<in crore)
Mi
Current Year
Previous Year
12.96
13.62
8.57
8.12
4.39
5.50
58.00
iv)
v)
x / NIL
55.23
150.00
x / NIL
500.00
i)
ii)
iii)
+{ ]-** V E =M M<
vi)
8.2. x / Investments
(< Ec )
h
Particulars
(1)
/ (<in crore)
Mi
Current Year
Previous Year
x E / Value of Investments
x E E / Gross Value of Investments
(a) i / In India
(b) i / Outside India
(ii) +I i |vx / Provisions for Depreciation
(a) i / In India
(b) i / Outside India,
(iii) x E x / Net Value of Investments
(a) i / In India
(b) i / Outside India,
x { +I E { vi |vx E Sx
(i)
(2)
43544.84
x /NIL
297.78
38680.43
x /NIL
251.80
x /NIL
x /NIL
43247.06
x /NIL
38428.63
x /NIL
251.80
130.85
430.30
0.00
84.87
297.78
178.50
251.80
(< Ec )
E nx
+vEi E
E nx
nxE +i E
Minimum
outstanding
during the year
Maximum
outstanding
during the year
Daily Average
outstanding
during the year
/(<in crore)
lli
31.03.2011
As on
31.03.2011
450.00
4500.00
725.25
0.00
0.00
0.00
0.00
0.00
75.00
2000.00
51.71
0.00
0.00
0.00
0.00
0.00
/
Securities purchased under reverse repos
(i) E |ii /Govt. Securities
102
. VEi
xV {]
E mebt
""+x ]b""
""+x ]b""
|ii E mebt |ii E mebt
No. Issuer
Amount
Extent of
Private
Placement
Extent of Below
Investment
Grade Securities
Extent of
Unrated
Securities
Extent of
Unlisted
Securities
(1) (2)
(i)
(ii)
(iii)
(iv)
(v)
(3)
(4)
(5)
(6)
(7)
{B / PSUs
k lB / FIs
E / Banks
|<] E{]
917.01
450.64
193.59
917.01
450.64
193.59
0.00
0.00
0.00
0.00
0.00
0.00
52.82
31.83
0.00
Private Corporate
1473.65
1305.83
0.00
167.82
129.27
117.22
5123.76
8275.87
0.00
5123.76
7990.83
0.00
102.69
102.69
0.00
0.00
167.82
117.22
0.00
331.14
+xM lB
H =t
Subsidiaries / Joint
Ventures
(vi) +x/Others
={E/ Sub-total
i E
M |vx
/ Total
297.78
49.93
7978.09
/ Shares
bS B xb / Debentures and Bonds
+xM B H =t / Subsidiaries and Joint Ventures
+x / Others
E /Total
ii) M-x{nE M-BB+ x/Non performing Non-SLR investments
h
i)
ii)
iii)
iv)
Particulars
581.64
2453.25
117.22
5123.76
8275.87
S
Current Year
Previous Year
4.04
0.00
2.00
2.04
2.04
6.04
0.00
2.00
4.04
4.04
8.3
8.3.1
(iii)
/(<in crore)
Mi
Current Year
Previous Year
500
500
x /NIL
x /NIL
Banking
Banking
(56.02)
(43.69)
Particulars
(i)
(ii)
(< Ec )
(iv)
{ x @h VJ { ExpEh
(v)
103
] + {Vx E b x{ni Ei VE b
+ ]bM E xnx E xMx Ei il +M +iH
{lx i i = =SSi |vE E VxE
Vi * b + {E ={Eh l, B]B, B+, ExC]
B {vi E v nxE +v { xnx i k
VJ E { Ei * +Ec E {]M VJ |vx
M E E Vi V +i B ni |vx vi xnE
E i E VJ |< +Mi Ei * E +
|i{I {] i b E x{] Ei *
The Front Office takes positions and executes the deals while
the Mid Office monitors the transactions in the trading book
and deviations of excesses, if any, are brought to the notice of
higher authorities. The Mid office also measures the financial
risk for transactions on a daily basis through measurement
tools such as MTM, VAR, Convexity and modified durations.
The figures are reported to Risk Management division, which
appraises the risk profile to the Assets and Liability
Management committee. The Back office settles all the deals
with counter parties.
E +i +l ni E { xq] {, V V
+l Mi E +l k h V { E
Vi , E UcE V +i +l ni+ E |iI
Ex V n { E |ni +v { Jr E Vi
* { {i x { +l P] E { E nMi
EE +l +i/ni+ E EE E { Ei
E Vi * xnx E |i{I {] E B fUthvtuhux lB
il E Vx b +xni BC{V + E +n
* + +Yx, | B bE=] E B i W E,
b< B B+<BBbB u - { V nxn E
+xh E Vi *
Sl No
Particulars
(i)
(ii)
(iii)
(iv)
(v)
(< Ec )
/(<in crore)
Ex
b<]
V n
b<]
Currency
Derivatives
Interest rate
derivatives
x /NIL
x /NIL
x /NIL
500.00
500.00
x /NIL
x /NIL
x /NIL
x /NIL
x /NIL
(56.02)
x /NIL
x /NIL
x /NIL
0.27
0.00
x /NIL
x /NIL
0.27
0.00
E nx { M
100*PV01 E
+vEi B xxi
104
Items
(i)
(ii)
(iii)
(iv)
Current Year
Previous Year
0.79
0.66
1221.80
1078.25
1747.07
1238.15
(1320.95)
(1094.60)
1647.92
1221.80
470.15
422.11
940.97
407.94
674.75
(359.90)
736.37
470.15
751.65
641.64
800.00
830.21
688.10
(720.20)
(P) <i
863.55
751.65
8.4.2 |vx
BB< @h
+x
SME Debt
Others
Total
{xMXi
{xMXi
Mechanism
Restructuring
Restructuring
14
590.35
1508
263.11
14389
1637.31
15911
2490.76
47.00
3.40
27.97
78.37
2
36.74
166
34.78
672
216.77
840
288.28
4.55
0.56
2.56
7.67
151
19.40
511
16.57
662
35.97
0.61
0.41
1.02
16
627.08
1825
317.28
15572
1870.65
17413
2815.01
51.55
4.57
30.94
87.06
8.4.3 @h
{xMXi
xE +O
=vEi+ E J / No of Borrowers
E / Amount Outstanding
+viM (=Si )
Standard Advances
Restructured
{xMXi
+xE +O
=vEi+ E J / No of Borrowers
E / Amount Outstanding
+viM (=Si )
Sub-standard Advances
Restructured
{xMXi nMv
+O
Doubtful Advances
Restructured
/ Total
=vEi+ E J / No of Borrowers
E / Amount Outstanding
+viM (=Si )
Sacrifice (diminution in the fair value)
=vEi+ E J / No of Borrowers
E / Amount Outstanding
+viM (=Si )
Sacrifice (diminution in the fair value)
105
(< Ec )
/(<in crore)
8.4.4
Details of financial assets sold to Securitisation / Reconstruction Company for Asset Reconstruction:.
n/
Items
i)
ii)
Current Year
Previous Year
101
21.05
21.05
0.00
84.79
4.95
0.00
4.95
84.79
Ji E J / No. of Accounts
B / + E S M Ji E E (|vx P]E)
Mi +ii E M Ji E M +iH |i
v)
8.4.5
h
Particulars
Current Year
Previous Year
1
21.05
26.00
xE +i { |vx /
8.4.6
h
Particulars
xE +i E B |vx /
9.
101
0.00
84.79
+x{i
Particulars
(ii)
Current Year
Previous Year
362.57
280.98
/ Business Ratios:
h
(i)
Mi
Current Year
Previous Year
E xv E |iii E { V +
Interest Income as a percentage to Working Funds
8.56%
8.02%
E xv E |iii E { M-V +
E xv E |iii E { {SxMi
1.07%
1.45%
(iii)
2.37%
2.44%
(iv)
1.11%
1.16%
10.63
8.45
0.0670
0.0576
(v)
|i ES (V il +O) (. Ec )
(vi)
106
10. +i
(< Ec )
/(<in crore)
n p
{{Ci {]x
Maturity Pattern
Foreign Currency
(]< E])
+O
=v
+i
niB
(Time buckets)
Deposits
Advances
Investments
Borrowings
Assets
Liabilities
1nx / Day 1
2 7 nx / 2 to 7 days
8 14 nx / 8 to 14 days
15 28 nx / 15 to 28 days
29 nx 3
29 days to 3 months
974.46
404.33
34.38
4418.58
827.82
283.28
379.06
3650.98
1688.89
39.15
8.91
690.78
1238.09
3136.24
2588.54
547.65
133.78
696.31
297.22
30498.44
7967.20
581.84
949.89
1634.98
1557.34
8479.81
8237.92
371.51
1455.89
550.43
1264.57
15612.44
8229.57
557.96
44.37
723.85
210.49
57094.61
32880.19
3836.86
200
82.41
56.73
5330.60
12567.77
6785.08
300.00
387.18
385.93
2691.00
18232.65
30243.73
3411.90
496.28
133.23
131887.16
93624.88
43247.06
6918.18
5262.22
5143.60
3 +vE + 6 iE
Over 3 months and up to 6 months
6 +vE + 1 iE
Over 6 months and up to 1 year
1 +vE + 3 iE
Over 1 year and up to 3 years
3 +vE + 5 iE
Over 3 years and up to 5 years
5 +vE
Over 5 years
E / Total
11.
11.1
BC{V / Exposures:
{n Ij E BC{V / Exposure to Real Estate Sector:
h / Category
(E) |iI BC{V / A) Direct exposure
(i) vE - / Residential Mortgages
(< Ec )
S
/(<in crore)
Mi
Current Year
Previous Year
3676.00
3197.75
3330.00
2981.31
3831.00
2312.28
4.84
3.60
6.36
4.49
- V |lEi Ij @h +O x i {j HMi + @h
(ii)
-of which individual housing loans eligible for inclusion in priority sector advance
hVE -{n / Commercial Real Estate
vE u li |ii (BB) B +x |iiEi BC{V x Investments in Mortgage Backed Securities (MBS) and other securitised
exposures
E. / a. Residential
J. hVE -{n / b. Commercial Real Estate.
107
(< Ec )
S
h /
Category
/(<in crore)
Mi
Current Year
Previous Year
1105.00
8620.44
1130.67
6651.55
V BC{V
G . /
n /
Sl.No.
Item
(I)
(< Ec )
S
(III)
(IV)
(V)
696.74
0.00
0.00
Advances for any other purpose where shares or convertible bonds or convertible
debentures or units of equity-oriented mutual fund are taken as primary security;
0.58
x /Nil
Advances for any other purposes to the extent secured by collateral security of shares
or convertible bonds or convertible debentures or units of equity-oriented mutual funds
i.e. where the primary security other than shares/convertible bonds/convertible
debentures/units of equity-oriented mutual fund does not fully cover the advances;
0.00
151.58
]E E E |ii B +|ii +O il ]E E B E] E E + V M] *
Secured and unsecured advances to stock brokers and guarantees issued on
behalf of stock brokers and market makers;
(VI)
(VII)
S+ b E x] E v E u M< n |iri
+l <C] =xJ
Vx ]bM i ]E E E k{h /
105.00
x /
{V V E E BC{V
108
129.00
NIL
x /
NIL
33.73
x /
NIL
(IX)
Mi
/(<in crore)
x /
NIL
x /
NIL
x /
NIL
x /
NIL
4.73
1.50
827.67
978.82
11.3
VJ
h
31.03.2011 E
BC{V (x)
Risk
Category
Exposure (net)
as on 31.03.2011
xMh / Insignificant
E / Low
v / Moderate
+vE / High
i +vE / Very High
|ivi / Restricted
+-Gb] / Off-credit
11.4
E
vi |vx
31.03.2010 E
BC{V (x)
Provision held
as on 31.03.2011
Exposure (net)
as on 31.03.2010
31.03.2011
x
x
x
x
x
x
x
1022.38
664.26
41.72
43.81
0.05
0.00
8.92
E / Total
(< Ec )
/NIL
/NIL
/NIL
/NIL
/NIL
/NIL
/NIL
E
vi |vx
31.03.2010
Provision held
as on 31.03.2010
x
x
x
x
x
x
x
1090.44
739.09
195.89
0.54
25.28
1.47
8.84
x /NIL
1781.14
/(<in crore)
/NIL
/NIL
/NIL
/NIL
/NIL
/NIL
/NIL
x /NIL
2061.55
BE BC{V
Ei
31.03.2011 E lli E
Name of Borrower
Sanctioned Limit
Outstanding Balance as on
31.03.2011
2591.30
2530.96
=.|. { E{x .
U.P. Power Corporation Ltd.
+|ii +O/
h
11.5
Current Year
Previous Year
Unsecured Advance:
Particulars
a)
b)
1700.58
12484.48
12300.32
589.62
691.68
v / Miscellaneous:
11.6.1 E nx +E i E M |vx E / Amount of Provisions made for Income tax during the year:
(< Ec ) /(<in crore)
h
S
Mi
11.6
Particulars
Current Year
Previous Year
455.66
554.24
51.94
11.05
E E E V c VEi+ E V E |ii
Percentage of Deposits of twenty largest depositors to Total Deposits of the bank
109
9.97%
+O E Exph
12.2
/ Concentration of Advances:
c =vi+ E E +O
12521.82
E E E +O c =vEi+ E +O E |ii
Percentage of Advances to twenty largest borrowers to Total Advances of the bank
13.37%
12.3
Bx{B E Exph /
13.58%
Concentration on NPAs
S Bx{B Ji E BC{V (E) / Total Exposure to top four NPA accounts (Gross)
Ij Bx{B /
12.5
G .
Ij
Sl. No.
Sector
1
2
3
4
12.6
14592.97
296.55
Sector-wise NPAs
< Ij E +O
Bx{B E |ii
Percentage of NPAs to Total
Advances in that sector
4.06
0.77
4.29
1.29
h/ Particulars
1 +| 2010 E E Bx{B (+l) E nx r (xB Bx{B)
(< Ec )
/(<in crore)
1221.80
1747.07
2968.87
1647.92
12.7
n +i Bx{B + V /
325.13
275.92
719.90
1320.95
h/ Particulars
E +i / Total Assets
E Bx{B / Total NPAs
E V / Total Revenue
3629.79
0.94
72.44
110
12.8
13.
E nx E |{i + :
Vx + M-Vx { |{i Ex: .
17.82
Ec
Particulars
Current Year
Previous Year
130.84
(102.44)
800.00
830.21
81.81
2.85
455.66
554.24
51.94
11.05
12.34
(44.35)
98.88
90.67
1631.47
1342.22
(a)
(b)
(c)
(d)
(e)
(f)
(g)
14.2
h/ Particulars
(a)
2010-11
2009-10
48.00
48.00
x /NIL
x /NIL
x /NIL
x /NIL
48.00
48.00
+l |vx Ji +l /
Opening Balance in Floating Provision Account
(b)
(c)
(d)
E nx E M +l |vx E {h
E nx b b=x E E B |Vx
+l |vx Ji <i
Mi
15.
J xE E +x{ +x{x
E x i xn JE lx u V xxH J xE (BB) E +x{x E + B J xE E |vx
E +x xxJi |E]Eh EB Vi *
Compliance with Accounting Standards
The Bank has complied with the following Accounting Standards (AS) issued by the Institute of Chartered Accountants of
India and the following disclosures are made in accordance with the provisions of such Accounting Standards:
111
16.1
J xE 5 +v i x +l x, { +v n + J xi {ix:
Accounting Standard 5- Net Profit or Loss for the period, prior period items and changes in accounting policies:
{ +v vi + + xxx
2010-11
2009-10
1.29
(9.34)
4.01
3.03
(2.72)
(12.37)
16.2
16.3.1.The Bank adopted Accounting Standard 15(Revised)Employee Benefits, issued by Institute of Chartered
Accountants of India, for recognition of its liabilities in
respect of employee benefits, viz, Pension (New),
Pension (Old), Gratuity, Leave Encashment, LFC and
Sick Leave w.e.f. 1st April 2007.
112
i xn JE lx u V J xE
15(vi) xvi ri +
Vx E |E / TYPE OF PLAN
xvr / Funded
M-xvr / Unfunded
{x
+E
(B<{+)
OS]
xEnEh
BB +E
Pension
Gratuity
Leave
Encashment
LFC
Sick Leave
8.5%
8.5%
8.5%
8.5%
8.5%
4%
1%
4%
1%
4%
1%
0.00
1%
4%
1%
8%
8%
0.00
0.00
0.00
(ABEPR)
i n / Discount Rate
ix E gi n
Vx +i { + E |ii n
E) vi E ix {ix :
A) Change in the present value of Obligation:
(< Ec )
h / Particulars
/ (< In crore)
Vx E |E / TYPE OF PLAN
xvr / Funded
M-xvr / Unfunded
{x
+E
(B<{+) OS]
xEnEh
BB
+E
Pension
Gratuity
Leave
Encashment
LFC
Sick Leave
(ABEPR)
a) E + {+
PVO at the beginning of the year
C.Y.
P.Y.
686.82
614.69
419.72
390.75
103.50
97.68
14.14
11.47
21.51
19.81
b) V Mi
Interest cost
C.Y.
P.Y.
52.38
47.60
32.83
30.12
7.25
7.05
0.44
0.37
1.83
1.58
c) S Mi
Current Service Cost
C.Y.
P.Y.
527.48
66.30
25.10
15.51
20.12
3.70
0.00
0.00
4.94
1.80
d) |nk
Benefits Paid
C.Y.
P.Y.
(141.27)
(39.34)
(67.00)
(28.43)
(36.30)
(19.23)
(17.98)
(13.64)
0.00
0.00
C.Y.
P.Y.
1453.37
(2.43)
188.55
11.78
34.67
14.30
24.01
15.94
3.71
(1.69)
C.Y.
P.Y.
2578.77
686.82
599.20
419.72
129.24
103.49
20.61
14.14
31.99
21.51
e)
vi { EE x/ (+)
Actuarial Loss/ (Gain) on Obligation
f) E +i {+
PVO at the close of the year
113
J) Vx {k E =Si {ix
h / Particulars
Pension
Gratuity
Leave
Encashment
LFC
Sick Leave
(ABEPR)
a)
E +i
Vx +i E =Si
Fair Value of Plan Assets at the
beginning of year
C.Y.
P.Y.
686.82
614.69
419.72
390.75
C.Y.
54.95
33.58
P.Y.
49.17
31.26
C.Y.
1131.51
52.51
Employers Contribution
P.Y.
50.78
21.58
|nk
C.Y.
(141.27)
(67.00)
Benefits Paid
P.Y.
(39.34)
(28.43)
EE (x)/+
C.Y.
49.60
(0.33)
Actuarial (Loss)/Gain
P.Y.
11.52
4.57
C.Y.
1781.59
438.48
P.Y.
686.82
419.72
Vx +i { iE |i
C.Y.
57.00
28.28
P.Y.
53.08
31.91
b) Vx
+i |ii |i
e)
E +nx
+i E =Si
f)
g)
M) x EE x / (+ ) / C
h / Particulars
Gratuity
Leave
Encashment
LFC
Sick Leave
(ABEPR)
(+)
b) Vx +i { EE x/(+)
Actuarial loss / (gain) on
Plan assets (C)
c) x EE (x)/+
Net Actuarial loss / (gain)
d) +v +Yi EE (x)/+
Actuarial loss / (gain) recognized
in the period
e)
/ (< In crore)
Vx E |E / TYPE OF PLAN
xvr / Funded
M-xvr / Unfunded
{x
+E
(B<{+) OS]
xEnEh
BB
+E
Pension
a) vi { EE x /
Actuarial loss / (gain) on
obligation (B)
(< Ec )
+x+Yi EE x
Unrecognised actuarial loss
C.Y.
P.Y.
1453.37
(2.43)
188.55
11.78
34.67
14.30
24.01
15.94
3.71
(1.69)
C.Y.
P.Y.
(49.60)
(11.52)
0.33
(4.57)
0.00
0.00
0.00
0.00
0.00
0.00
C.Y.
P.Y.
1403.77
(13.95)
188.88
7.21
34.67
14.30
24.01
15.94
3.71
(1.69)
C.Y.
P.Y.
1403.77
(13.95)
188.88
7.21
34.67
14.30
24.01
15.94
3.71
(1.69)
C.Y.
P.Y.
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
114
D) ;wtlvt
(< Ec )
h / Particulars
/ (< In crore)
Vx E |E / TYPE OF PLAN
xvr / Funded
M-xvr / Unfunded
{x
+E
(B<{+) OS]
xEnEh
BB
+E
Pension
Gratuity
(ABEPR)
Leave
Encashment
LFC
Sick Leave
E) E +i {i
vi E ix
a)Present value of defined benefit
C.Y.
2578.77
599.20
129.24
20.61
31.99
P.Y.
686.82
419.72
103.49
14.14
21.51
C.Y.
P.Y.
1781.59
686.82
438.48
419.72
0.00
0.00
0.00
0.00
0.00
0.00
C.Y.
P.Y.
797.18
0.00
160.72
0.00
62.04
25.04
24.45
16.31
10.48
1.70
P]B :/Less:
J) E {i { Vx
+i E =Si
b)Fair value of Plan Assets at
close of the Year
ix {j +Yi M-xvr
x ni /(+i)
c) Unfunded Net Liability/ (Asset)
recognized in Balance Sheet
R ) B x Ji +Yi :
E) Expenses recognized in Profit & Loss account
(< Ec )
h / Particulars
Vx E |E / TYPE OF PLAN
xvr / Funded
M-xvr / Unfunded
{x
+E
(B<{+) OS]
xEnEh
BB
+E
Pension
Gratuity
Leave
Encashment
LFC
Sick Leave
(ABEPR)
E) S Mi
/ (< In crore)
C.Y.
P.Y.
527.48
66.30
25.10
15.51
20.12
3.70
0.00
0.00
4.94
1.80
C.Y.
P.Y.
52.38
47.60
32.83
30.12
7.25
7.05
0.44
0.37
1.83
1.58
C.Y.
P.Y.
54.95
49.17
33.58
31.26
0.00
0.00
0.00
0.00
0.00
0.00
C.Y.
1403.77
188.88
34.67
24.01
3.71
P.Y.
13.95
(7.21)
(14.30)
(15.94)
1.69
R) x
C.Y.
1928.69
213.23
62.04
24.45
10.48
P.Y.
50.78
21.58
25.04
16.31
1.70
J) V Mi
b) Interest Cost
M) Vx +i { |ii +
c) Expected return on Plan Assets
P) +Yi x EE
x/ (+)
115
S) ix {j +Yi ni+ E Sx :
F) Movements in the Liability recognized in the Balance Sheet
(< Ec )
/ (< In crore)
Vx E |E / TYPE OF PLAN
xvr / Funded
M-xvr / Unfunded
{x
+E
(B<{+) OS]
xEnEh
BB
+E
h / Particulars
Pension
Gratuity
Leave
Encashment
LFC
Sick Leave
(ABEPR)
E) +l x ni
C.Y.
0.00
0.00
0.00
0.00
0.00
P.Y.
0.00
0.00
0.00
0.00
0.00
J) x
C.Y.
1928.69
213.23
62.04
24.45
10.48
P.Y.
50.78
21.58
25.05
16.31
1.70
M) +n E M +nx
C.Y.
(1131.51)
(52.51)
0.00
0.00
0.00
c) Contribution paid
P.Y.
(50.78)
(21.58)
0.00
0.00
0.00
M) <i x ni
C.Y.
797.18
160.72
62.04
24.45
10.48
P.Y.
0.00
0.00
25.05
16.31
1.70
P]B / Less:
U) ]] u xB J MB x E |ii :
(%)/(in %)
h
Particulars
{x (B<{+)
OS]
Pension (ABEPR)
Gratuity
Mi
Current Year
Previous Year
Mi
Current Year
Previous Year
21.35
33.97
31.08
36.58
37.37
23.37
30.20
20.89
39.58
40.34
38.56
41.72
0.85
1.57
0.16
0.17
+x x / Other Investment
0.85
0.75
0.0
0.64
16.3.5 E nx E x +{x B ES E B {x E
E{ J n Vxx <n E (ES)
{x x 1995 E +iMi{ {x E E{ x
n l* < |G E {h{ 11557 ES x
E{ n + E E .708.07 Ec E ni =`x
{c* <E +iH E nx E ES E n
OS] E E OS] Mix +vx 1972 vx
E g n M<* <E {h{ E E OS] ni
.39.63 Ec g M<*
J xE (BB) 15 E +x ES , .747.70
Ec E {h E (+li n {x E{ i .708.07
Ec + OS] r E { .39.63 Ec)
-x Ji |i E Vx +{Ii * il{
i V E x VxE Ij E E E ES
i {x E{ {x: Jx + OS] r-
16.3.5. During the year, the Bank reopened the pension for
such of its employees who did not opt for the pension
scheme under Allahabad Bank (Employees) Pension
Regulations 1995 earlier. As a result of exercise of
which by 11557 employees, the Bank has incurred a
liability of <708.07 Crore. Further, during the year, the
limit of gratuity payable to the employees of the Bank
was also enhanced pursuant to the amendment to the
Payment of Gratuity Act, 1972. As a result, the gratuity
liability of the Bank has increased by < 39.63 Crore.
116
G . x
No.
Name
{nx
{v
Designation
Remuneration
{U
Current Year
Previous Year
20.37
21.70
Sl.
b. E
Shri D. Sarkar
3
B. +. xE
E{E xnE
Executive Director
13.57
2.48
Shri M. R. Nayak
Executive Director
12.72
1.92
{ xnE / Ex Directors
1
E. +. Ei
Shri K. R. Kamath
2
E{E xnE
i{ +vI B |v xnE
E. E. +O
i{ E{E xnE
4.60
17.69
Shri K K Agarwal
Ex-Executive Director
2.17
14.31
117
J)
+xM E{x :
i)
+E <xx ]b ({h i )
M) H =t :
i)
b) Subsidiary:
i) All Bank Finance Limited (wholly owned)
c) Joint Venture:
BB+<(<b) .
x { Vx < E{x ]b
P) BB] :
i)
<n { Oh E*
ii)
ii)
d) Associates:
i) Allahabad U.P. Gramin Bank
n Oh E
+ E <xx . E E 100% , x {
Vx < E{x 30% E B ={Ci n Ij
Oh E E E 35% E
e)
(< Ec )
h / Particulars
+Vi + /Income Earned
|nk | / Insurance Premium Paid
/ (< in Crores)
/ Current Year
Mi / Previous Year
7.42
5.49
6.57
2.98
i)
Total of future minimum lease payments under noncancellable operating leases for each of the following
periods:
(< Ec )
Vn {]] +v / Existing Lease Period
n
S
118
/ (< in Crores)
/Amount Payable
/ Current Year
Mi / Previous Year
32.96
36.11
110.25
29.99
94.66
37.13
ii)
iii)
iv)
ix {j E iJ E xi x E Ex ={ {]] E
+iMi |{i EB Vx |ii xxi ={ {]] E
Mix E M : x
ii)
vi +v i B x E h +Yi {]]
Mix : . 66.20 Ec
iii)
vi +v i B x E h +Yi |{i
(+l |{) ={-{]] E Mix :x
iv)
B)
Financial Lease:
J) k {]] :
E E { k {]] E +iMi E< {k x *
16.8
G .
Sl.
No.
h
Particulars
E.
|i + b<]b +Vx
S /
Current Year
Mi /
Previous Year
31.85
27.01
(<)
|i + b<]b +Vx E Mhx / Calculation of Basic and Diluted Earning Per Share
G . h
Sl.
No.
Particulars
E.
Net Profit for the year attributable to Equity Share holders (< in Crores)
J.
<C] E i +i J
M.
P.
|i xx
S /
Current Year
Mi /
Previous Year
1423.11
1206.33 Cr.
44,67,80,864
44,67,00,000
31.85
27.01
10/-
10/-
16.10 + { E i J - J xE (BB) 22
E nx +lMi E i E Vx E { . 51.94
Ec(x) ({U x x . 11.06 Ec) E B
x Ji x J M* ix {j E iJ E lli
+lMi E +i / ni+ E J P]E ix{j E il E
+x xxi :
119
h
Particulars
of the Year
E |
At the beginning
(< Ec )
/ (< In crore)
Vx
Vc/(P]B)
E {i {
Adjustment
Add / (Less)
At the close of
the Year
Mi
Current Yr.
Previous Yr.
x/NIL
x/NIL
x/NIL
x/NIL
x/NIL
1.23
0.65
3.45
0.58
4.69
1.23
3.66
6.99
(3.65)
(3.33)
3.66
x/NIL
2.12
(2.12)
x/NIL
4.89
9.76
(0.20)
(4.87)
4.69
4.89
0.00
1.34
(1.34)
0.00
held as Investments
28.81
21.29
51.74
7.52
80.55
28.81
E / Total
28.81
22.63
51.74
6.18
80.55
28.81
23.92
12.87
51.94
11.05
75.86
23.92
+lMi E +i
Mi
Mi
+E xEnEh i |vx
Provision for Leave Encashment
+E i |vx
Provision for Sick Leave
x / NIL
BB i |vx
Provision for LFC
E / Total
+lMi E niB
Deferred Tax Liabilities
+S +i E
Depreciation of Fixed Assets
x E { vi |ii {
={Si rfkU;w +n V
Interest Accrued but not due on securities
120
Particulars
(< Ec )
/ (< In crore)
Mi /
Current Year
Previous Year
863.55
751.65
297.78
251.80
362.57
280.98
1747.08
1291.42
75.86
23.92
26.04
26.04
1112.19
641.76
4485.07
3267.57
/ Total
18. EM
85
2025
2032
78
(a) E + Exi x E M +vxh E J/No. of unimplemented awards at the beginning of the year
(b) E nx EM E{ u {i E M +vxh E J
No. of awards passed by Banking Ombudsman during the year
(c) E nx Exi E M +vxh E J / No. of awards implemented during the year
(d) E +i Exi x E M +vxh E J/No. of unimplemented awards at the end of the year
19.
121
/ Current Year
1464.57
2
16
15
3
20.
21.
22.
23.
24.
25.
+EE niB :
ix {j E +xS 12 E G J (I) (VI) l
=Ji B niB G: x/+]x/x
E x{]x E {h, +{ E x{]x, M E M<
, nMi vi+ E i, P]xG + vi
{IE u E M< M { x *
{VMi Ji { x{nx i n E +xxi
VE |vx x E M (+O E x) .
41.84 Ec ({U 38.67 Ec)*
+x|V +i E +iMi vi |vx E Ij E+{
E E +O +xxi +v { P] n M
iE ix {j E +xS 9 lH x +O E
xE E*
E x + E +vx, 1961 E v 36 (1) (viii) E
+x] |Ii . 356.00 Ec E E
lxii E * < , . 239.00 Ec S k
B 117.00 Ec {U k vi *
E x . 285.73 Ec (. 6 |i ) E
|ii E , V E EM x +vx, 1949
E v 53 E ii <E | x E iJ E i
E u V E Vx +vSx E +vvx *
V +E Z M {U E +Ec E {x:i
+l {x:MEi E M *
25.
122
J{IE E {]
AUDITORS REPORT
To
i E ]{i
1. x <n E E 31 S, 2011 E {i E ix
{j, = iJ E Mx B x J il xEn |
h E J{I E * =H k h xxEi
Ji EB MB :
i)
ii)
iii)
iv)
u J{Ii 20 JB B 46 b E;
+x J{IE u J{Ii 1970 JB;
lx J{IE u J{Ii BE n J
Sx BE +J{Ii |ixv E B 424 JB
VxE h E J |vE u |hi E Vx
* <x +J{Ii J+ 1.07% +O, 4.37%
V, 0.64% V + + 3.80% V xi *
i)
(ii)
(iii)
xEn | h, h u = iJ E {i
i xEn | E B =Si U |ii Ei *
8. ix {j il B x J EM x +vx
1949 E ii +xS E G: E il J i
EB MB *
9. ={H {O 1 =Ji J{I E + E
+v { B EE E{x (={G E +Vx B +ih)
+vx, 1970 u l +{Ii il = |E] + E
+vx x] J 2(i), 2(ii) + 2(iii) (+xS-18) E
+x +i J Ji |] E x/vx
+ E il x] Ji +i E x + vx E
v ;
{] Ei E:
(E) x SxB B {]Eh |{i EB V
k VxE B E +x J{I
E |Vxl +E l il x =x iVxE {
*
(J) VxE +B E E xnx E E +vE E
+iMi *
(M) E E E il J+ |{i h
J{I E B {{i {< M< *
10. ix {j, -x J + xEn |
h |V J xE E +x{ *
(iii) The Cash Flow Statement gives a true and fair view of
the cash flows for the year ended on that date.
8. The Balance Sheet and the Profit and Loss Account have
been drawn up in Form A and B respectively of the Third
Schedule to the Banking Regulation Act, 1949.
9. Subject to the limitations of the audit indicated in paragraph
1 above and as required by the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970, and
also subject to the limitations of disclosure required therein
and subject to Notes No.2 (i), 2(ii) & 2(iii) (Schedule 18)
regarding balancing / reconciliation of unmatched entries
in inter branch accounts and balancing/ reconciliation of
Balances with Banks and NOSTRO accounts;
We report that:
(a) We have obtained all the information and explanations,
which to the best of our knowledge and belief were
necessary for the purposes of our audit and have found
the same to be satisfactory.
(b) The transactions of the Bank, which have come to our
notice, have been within the powers of the Bank.
(c) The returns received from the Offices and Branches of
the Bank have been found adequate for the purpose of
our audit.
10. In our opinion, the Balance Sheet, Profit and Loss Account
and Cash Flow Statement comply with the applicable
accounting standards.
Ei . ni E {J Bb E.
xn JE
+<B+< {VEh J 110512W
Ei . {.B. Bb BB]
xn JE
+<B+< {VEh J
(Exi V)
vtxolh
ni . 39461
(n{ E +O)
vtxolh
ni . 55420
(B.Bx. E]x)
vtxolh
ni . 22993
(Srikant Jilla)
Partner
Membership No. 39461
(M. N. Venkatesan)
Partner
Membership No 22993
(Snx S]]{v)
vtxolh
ni . 51254
(. {. )
vtxolh
ni . 073009
(E E. {])
vtxolh
ni . 056623
(Chandan Chattopodhay)
Partner
Membership No. 51254
(C.P. Mishra)
Partner
Membership No.073009
Ei . B.P Bb E{x
xn JE
+<B+< {VEh J
302184 E
313085E
124
Ei . B.+. xh Bb E.
xn JE
+<B+< {VEh J 002330S
Ei . B.. Vx Bb E.
xn JE
+<B+< {VEh J
304012E
< n E
ALLAHABAD BANK
+xS
lliAS ON
SCHEDULE
31.03.2011
AS ON
31.03.2010
1
2
2A
3
4
5
476.22
8,257.21
1,31,882.16
6,918.18
4,074.15
151,607.92
446.70
6,517.27
1,06,050.74
5,435.48
3,503.92
121,954.11
7,901.34
7,183.85
7
8
3,139.89
43,500.45
1,999.00
38,637.57
93,625.85
71,608.15
PARTICULARS
10
1,160.17
1,131.35
11
2,280.22
1,394.19
NIL
NIL
NIL
151,607.92
NIL
121,954.11
56,394.48
49,080.79
3,984.60
2,944.37
lli
12
+vI B |v xnE
J. P. DUA
Chairman & Managing
Director
b. E
B. +. xE
E{E xnE
E{E xnE
(D. SARKAR)
Executive Director
(M. R. NAYAK)
Executive Director
E |vE (k B J)
A. B. Bhattacharjee
General Manager
(Finance & Accounts
and CFO)
(S. L. JAIN)
Assistant General Manager
(Finance & Accounts)
Ei { B Bb BB]
Ei B. +. xh Bb E.
xn JE / Chartered Accountants
+<B+< V. ./ICAI Regd No: 002330 S
(n{ E +O)
B. B. Vx
Y. ce. Ctatgo
|vE (k B J B B+)
Ei B P Bb E.
Ei E. B. +O Bb E.
{]x /Partner
ni ./ Membership No.-073009
125
(. {. )
(C. P. Mishra)
Ei B. . Vx Bb E.
For M. C. Jain & Co.
xn JE /Chartered Accountants
+<B+< V. ./ICAI Regd No: 304012 E
(E E {])
(Mukesh Ku Patawari)
{]x /Partner
ni ./ Membership No.-056623
< n E
ALLAHABAD BANK
Consolidated Profit & Loss Account for the year ended 31st March, 2011
+xS
PARTICULARS
I.
II.
xi
SCHEDULES
+ /INCOME
+Vi V / Interest Earned
+x + / Other Income
E / TOTAL
/ EXPENDITURE
E M V / Interest Expended
{Sx / Operating Expenses
|vx + +EE /Provisions & Contingencies
E / TOTAL
+xM +/x E +
/ Year ended
31.03.2011
13
14
11,082.53
1,363.97
12,446.50
8,377.18
1,539.96
9,917.14
15
16
6,991.60
2,406.88
1,634.22
11,032.70
5,718.16
1,653.89
1,344.38
8,716.43
25.73
27.75
1,439.53
-
1,228.46
-
1,439.53
1,228.46
261.77
1,701.30
360.00
746.59
217.72
1,446.18
332.08
287.44
262.63
1,701.30
32.22
261.77
1,446.18
27.50
r i Ei /(x) /
Ei ix {j +Oxi
(M. R. NAYAK)
Executive Director
B. B. Vx
Y. ce. Ctatgo
|vE (k B J B B+)
E |vE (k B J)
A. B. Bhattacharjee
General Manager
(Finance & Accounts
and CFO)
(S. L. JAIN)
Assistant General Manager
(Finance & Accounts)
Ei { B Bb BB]
Ei B. +. xh Bb E.
xn JE / Chartered Accountants
+<B+< V. ./ICAI Regd No: 002330 S
(n{ E +O)
B. +. xE
E{E xnE
305.00
591.97
Ei B P Bb E.
Ei E. B. +O Bb E.
{]x /Partner
ni ./ Membership No.-073009
126
(. {. )
(C. P. Mishra)
Ei B. . Vx Bb E.
For M. C. Jain & Co.
xn JE /Chartered Accountants
+<B+< V. ./ICAI Regd No: 304012 E
(E E {])
(Mukesh Ku Patawari)
{]x /Partner
ni ./ Membership No.-056623
< n E
ALLAHABAD BANK
Ei xEn | h
Consolidated Cash Flow Statement for the year ending 31st March, 2011
2010-11
2009-10
11,082.53
+x + / Other Income
P]B: / Less:
E nx V { |nk V /
1,381.71
8,371.95
12,464.24
1,521.71
9,893.66
6,497.70
5,341.86
E
a.
4,041.10
Vc: / Add:
l +i { / Depreciation on Fixed Assets
{Sx Vi xEn
({SxMi +i + ni+ {ix {)
10,538.80
2966.04
8,307.90
66.64
62.78
1,992.08
1,648.54
J. ni+ r (E)
b.
V / Deposits
+x niB B |vx / Other Liabilities & Provisions
M. +i E (r)
c.
25,831.42
525.59
21084.21
26,357.01
342.06
21,426.27
+O / Advances
x / Investments
+x +i / Other Assets
{SxMi Miv x xEn | (E+J+M)
(22,017.70)
(12,805.95)
(4,862.88)
(8,802.31)
(886.05)
(27,766.63)
71.10
(21,537.16)
582.46
1537.65
x Miv xEn |
Cash Flow from Investing Activities
127
2.65
0.94
(98.10)
(72.08)
2010-11
E E | { V
2009-10
(95.45)
(71.14)
1,482.70
(493.90)
486.54
(376.30)
670.00
(287.44)
(130.66)
1100.00
1,371.36
1,079.58
1,858.37
2,546.09
7,183.85
5,115.38
1,999.00
9,182.85
1,521.38
6,636.76
7,901.33
7,183.85
3,139.89
11,041.22
1,990.00
9,182.85
1,858.37
2,546.09
E + xEn + xEn i
i W E E vtm xEn il
E + M il +{ Sx { n vx
R
E
E +i xEn + xEn i
i W E E vtm xEn +
Cash and Balances with RBI
E + M il +{ Sx { n vx
Balances with Banks and Money
at Call and Short Notice
E / Total
E n x E xEn | (R-P)
Total Cash Flow during the year (E-D)
xnE / Directors:
B / Sh. S Ramaswamy
i Ei J / Smt Sukriti Likhi
+ B Sin /Sh. R M Chaturvedi
b. E =W-Vx +
+vI B |v xnE
J. P. DUA
Chairman & Managing
Director
b. E
B. +. xE
E{E xnE
E{E xnE
(D. SARKAR)
Executive Director
(M. R. NAYAK)
Executive Director
E |vE (k B J)
A. B. Bhattacharjee
General Manager
(Finance & Accounts
and CFO)
(S. L. JAIN)
Assistant General Manager
(Finance & Accounts)
Ei { B Bb BB]
Ei B. +. xh Bb E.
xn JE / Chartered Accountants
+<B+< V. ./ICAI Regd No: 002330 S
(n{ E +O)
B. B. Vx
Y. ce. Ctatgo
|vE (k B J B B+)
Ei B P Bb E.
Ei E. B. +O Bb E.
{]x /Partner
ni ./ Membership No.-073009
128
(. {. )
(C. P. Mishra)
Ei B. . Vx Bb E.
For M. C. Jain & Co.
xn JE /Chartered Accountants
+<B+< V. ./ICAI Regd No: 304012 E
(E E {])
(Mukesh Ku Patawari)
{]x /Partner
ni ./ Membership No.-056623
+xS
SCHEDULE
lli / As on
31.03.2011
(< Ec )
(< in Crore)
Particulars
lli
/ As on
31.03.2010
(< Ec )
(< in Crore)
+xS 1 - {V
SCHEDULE 1 - CAPITAL
3,000.00
3,000.00
476.22
446.70
476.22
446.70
476.22
446.70
476.22
446.70
1,987.39
1,627.39
1,214.93
1,219.96
+xS 2 - |Ii + +v
SCHEDULE 2 - RESERVES & SURPLUS
70.31
70.31
1,360.48
720.00
3,361.48
2,617.84
262.62
261.77
8,257.21
6,517.27
Minority interest at the date on which the parent subsidiary relationship came into existence
NIL
NIL
NIL
NIL
NIL
NIL
+xS 2B - +{JE V
SCHEDULE 2A - MINORITIES INTEREST
129
+xS
SCHEDULE
lli / As on
31.03.2011
(< Ec )
(< in Crore)
Particulars
lli
/ As on
31.03.2010
(< Ec )
(< in Crore)
+xS 3 - xI{
SCHEDULE 3 - DEPOSITS
47.90
9,108.12
57.14
8,258.40
35,000.43
28,271.18
812.85
912.93
86,912.86
68,551.09
131,882.16
106,050.74
131,500.99
105,768.64
381.17
282.10
131,882.16
106,050.74
250.00
312.17
131.51
12.84
300.00
1,000.00
2,611.90
2,312.60
6,918.18
300.00
1,000.00
2,711.90
1,410.74
5,435.48
387.12
242.69
544.72
75.86
2,823.76
4,074.15
394.28
185.39
410.07
23.97
2,490.21
3,503.92
356.79
379.95
7,544.55
6,803.90
7,901.34
7,183.85
+xS 4 - =v
SCHEDULE 4 - BORROWINGS
I.
i =v / Borrowings in India
(I) i W E / Reserve Bank of India
(ii) +x E / Other banks
(iii) +x lB B +Eh / Other institutions and agencies
(iv) Mh xx n @h Ji/
n / Bills payable
+i-Ex Vx (x) / Inter -office adjustments (net)
={Si V / Interest accrued
+lMi E niB / Deferred Tax Liabilities
+x (|vx i) / Others (including provisions)
E / Total
+xS 6 - i W E xEn +
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
I. Ec (n E x] mrn;)/
Cash in hand (including foreign currency notes)
II.
(i)
130
+xS
SCHEDULE
lli / As on
31.03.2011
(< Ec )
(< in Crore)
Particulars
lli
/ As on
31.03.2010
(< Ec )
(< in Crore)
+xS - 7 E +i + M il +{ Sx { n vx
SCHEDULE 7 - BALANCES WITH BANKS AND MONEY AT CALL & SHORT NOTICE
i / In India
(i) E +i / Balances with banks
(a) S Ji / In Current accounts
(b) +x V Ji / In Other Deposit accounts
(ii) M il +{ Sx { n vx / Money at call and short notice
(a) E / With banks
(b) +x lyt / With other institutions
E / Total (i & ii)
II. i E / Outside India
(a) S Ji / In Current account
(b) +x V Ji / In Other Deposit accounts
(c) M il +{ Sx { n vx / Money at call and short notice
E / Total
E M / Grand Total (I & II)
I.
+xS 8 - xvx
SCHEDULE 8 - INVESTMENTS
I. i xvx / Investment in India in
(i) E |ii / Government securities
(ii) +x +xni |ii / Other approved securities
(iii) / Shares
(iv) bS + v {j / Debentures and Bonds
(v) +xrdgt xvx / Investment in Associates
(vi) +x (gwawyt VUzTm gqxeytRo ytr=) / Others (Mutual Funds, UTI etc)
II.
E /Total
i E xvx / Investments outside India in
(i) E |iigtk (lx trvfUhKtuk i)
+xrdgt xvx
Investment in Associates
(iii) +x xvx / Other Investments
E /Total
E M / Grand Total (I) & (II)
III. i xvx / Investment in India
(i) xvx E E / Gross value of Investments
(ii) +I i E |vx / Aggregate of Provisions for Depreciation
(iii) x xvx / Net Investment
(iv) i E xvx / Investment outside India
(i) xvx E E / Gross value of Investments
(ii) +I i E |vx / Aggregate of Provisions for Depreciation
(iii) x xvx / Net Investment
131
255.85
341.06
191.72
303.96
942.30
3.71
240.00
1,629.87
648.73
823.26
429.82
686.76
920.45
1,510.02
1,350.27
3,139.89
1,999.00
35,139.73
120.04
445.53
2,395.28
226.38
5,173.49
31,023.12
138.27
474.72
1,649.74
199.57
5,152.15
43,500.45
38,637.57
43,500.45
38,637.57
43,802.01
301.56
43,500.45
38,893.50
255.93
38,637.57
+xS
SCHEDULE
lli / As on
31.03.2011
(< Ec )
(< in Crore)
Particulars
lli
/ As on
31.03.2010
(< Ec )
(< in Crore)
+xS 9 - +O
SCHEDULE 9 - ADVANCES
@h / Term loans
E /Total
J/B. i +i u |ii/ Secured by tangible assets
( @h { +O i) / (includes advances against book debts)
(ii) E/E |ii u Ii /
Covered by Bank/ Government Guarantees
(iii) Vxi / Unsecured
E / Total
M/C. I. i +O / Advances in India
(I) |lEi |{i Ij / Priority sector
(ii) VxE Ij / Public sector
(iii) E / Banks
(iv) +x / Others
E / Total
P/D. II. i E +O / Advances outside India
(I) E =ug / Due from banks
(ii) +x =ug / Due from others
(y/a) Jn + xB MB / Bills purchased & discounted
(yt/b) bE] @h / Syndicated Loans
(R/c) +x / Others
E / Total
E M /Grand Total
+xS 10 - l +i
4,054.35
2,184.15
40,513.97
29,805.32
49,057.53
39,618.68
93,625.85
71,608.15
77,689.18
57,599.15
3,451.45
12,485.22
1,705.80
12,303.20
93,625.85
71,608.15
30,763.73
24,279.35
14,786.64
9,147.86
45,172.50
37,335.29
90,722.87
70,762.50
1,979.10
69.98
373.62
68.04
749.87
334.21
104.03
69.78
2,902.98
845.65
93,625.85
71,608.15
1,002.61
0.81
1.20
72.07
930.15
-
999.93
1.45
65.00
936.38
1.11
658.74
99.40
1.45
529.69
586.87
72.19
0.84
467.90
227.00
190.32
{ / Premises
{i E 31 S fUe r:r; fuU ylwmth Mi {
I.
{i E 31 S E li E +x Mi {
At cost as on 31st March of the preceding year
E nx {vx / Additions during the year
E nx E]i / Deductions during the year
+V E iJ iE +I / Depreciation to date
E / Total II
132
+xS
SCHEDULE
lli / As on
31.03.2011
(< Ec )
(< in Crore)
Particulars
lli
/ As on
31.03.2010
(< Ec )
(< in Crore)
7.30
3.23
0.75
0.86
Vx i E nx {vx
Additions during the year including adjustments
|vx i E nx E]i
Deductions during the year including provisions
+V E iJ iE +I / Depreciation to date
E /Total IIIA
E / Total ( I, IA, II & IIA )
III. {V -- |Mi E ({]] { n M< +i) |vx E x
Capital- Work - in - progress ( Leased Assets ) net of Provisions
+xS 11 - +x +i
0.11
5.16
0.90
2.89
3.08
1,160.04
1,130.89
0.13
0.46
1,160.17
1,131.35
710.42
495.04
386.54
239.41
9.71
8.28
VI.
VII.
0.03
0.26
1,173.29
2,280.22
0.77
650.66
1,394.19
2,655.05
937.27
0.16
0.16
39,908.56
37,065.89
4,094.71
4,429.34
420.54
446.63
9,273.62
6,162.82
E E r n Vx @h E { E x E M
Claims against the bank not acknowledged as debts
II.
III.
IV.
V.
VI.
+x n VxE B E +EE { Vn
Other items for which the Bank is contingently liable
E /Total
Oh i
133
41.84
38.68
56,394.48
3,984.60
49,080.79
2,944.37
+xS
SCHEDULE
{i / Year Ended
h
Particulars
31.03.2011
(< Ec )
(< in Crore)
{i /Year Ended
31.03.2010
(< Ec )
(< in Crore)
+xS 13 - +Vi V B
SCHEDULE 13 - INTEREST AND DIVIDENDS EARNED
I.
II.
III.
IV.
+x / Others
E /Total
8,274.18
6,398.47
2,679.45
1,951.22
54.74
25.17
74.16
2.32
11,082.53
8,377.18
778.95
649.97
0.30
0.03
(0.04)
(0.59)
+xS 14 - +x +
SCHEDULE 14 - OTHER INCOME
I.
II.
P]B: , x il +x +i E G { x
Less: Loss on sale of land, buildings and other assets
III.
IV.
V.
VI.
VII.
58.13
(9.64)
765.52
(186.79)
(0.01)
263.34
1,539.96
+xS 15 - E M V
SCHEDULE 15 - INTEREST EXPENDED
I.
II.
V { V / Interest on deposits
i W E/+i-E =v { V
6,497.70
+x /Others
E / Total
134
5,341.86
48.21
39.73
445.69
336.57
6,991.60
5,718.16
+xS
SCHEDULE
{i / Year Ended
h
Particulars
31.03.2011
(< Ec )
(< in Crore)
{i /Year Ended
31.03.2010
(< Ec )
(< in Crore)
+xS 16 - {Sx
SCHEDULE 16 - OPERATING EXPENSES
I.
II.
III.
IV.
V.
V.
(J) {]]
VII.
VIII.
IX.
X.
XI.
XII.
XIII.
1,020.82
201.97
179.73
22.02
21.47
35.85
24.65
66.64
65.14
+i { +I/
1,558.97
v | / Law charges
bE, i, ]x +n / Postage, telegrams, telephones, etc.
i + +xIh / Repairs and maintenance
/ Insurance
J E {vx, n E< / Amortisation of Goodwill, if any
+x / Other expenditure
E /Total
1.32
1.05
17.94
16.16
13.70
11.77
24.52
23.70
41.33
25.11
93.34
75.93
329.28
188.36
2,406.88
1,653.89
+xS 17 - + E +
SCHEDULE 17 - Share of Earnings
x / Name
n Oh E / Sharda Gramin Bank
FlQ Ij Oh E / Lucknow Kshetriya Gramin Bank
jh Ij Oh E / Triveni Kshetriya Gramin Bank
<n { Oh E / Allahabad UP Gramin Bank
E / TOTAL
Rttntct= cfU fUt ykN / Allahabad Banks share
{U vi Vx / Adjustment relating to earlier years
E nx Vi / Considered during the year
135
9.02
7.37
36.03
20.69
70.20
13.82
79.22
77.91
27.72
27.27
(1.99)
0.48
25.73
27.75
Ei J+ vi |ME
J J xi
1. x
(E) k h, V +xl =Ji x , J E {{Mi
Mi {{] B ={Si +v { il vE |vx
B xi: E J ri E +x{ x +
|ii E M *
(J) k h + +Yx, +i MEh, |vxEh
il +x vi - { V i V
E (++<) E n xn E {] Ei * i
xn JE lx u V J xE B =nPh
B i EM =tM |Si J *
2. Ex |G:
(i) E, <E +xM + BB] E Ei k h,
i xn JE lx u V J xE, vi
xE |vE u V xnxn + xi
Ei J ri B i |Si xi V iE
+xl =Ji x +x{x Ex E +x i{h
{+ E l i EB MB *
(ii)
xxJi +xM E J xE 21 Ei k h
E +x Ei E M :
1.
Basis of Accounting:
(i)
Consolidation procedure:
(i)
E{x E x
n /x
Country / Residence
Relationship
+ E <x ]b
+xM
India
Subsidiary
(iii)
xxJi BB] + H =t i xn JE
lx u V J xE 23 Ei k h
BB] x E J B J xE 27, H
=t i E k {]M E +x Ei EB
MB *
i i
Ownership Interest
100%
100%
l E x
n/x
i i
Country / Residence
Relationship
Ownership Interest
n Oh E
|Vi E
India
Sponsor Bank
<n { Oh E
|Vi E
India
Sponsor Bank
x { Vx < E{x ]b
BB]
India
Joint Venture
BB+< (<b)
India
35%
35%
30%
mkgw; Wb
Joint Venture
136
27.04 %
3. i{h J xi E |E]Eh
=Ji EM xi Ji: E l vi * E E BE
+xM V V C * S] E E { {VEi +
BE BB] E{x V M-Vx M *
+xM + BB] E{x =xE xE u xvi
J xi E {x Ei * <x +M xn] x E
M CE Oi: k h E {|I x i{h
x *
3.
4. n p r x-nx :
4.1 i JB / E
(i) n J+ E IIxx-<]O x +{xII E {
MEi E M ni il =xE k h E xxx
|ni E M ni*
l
pE B M-pE +i B niB il +EE niB
x BCSV b BBx + <b (b<) u
|iE i E {i { n Vx +i {] n {*
4.
(ii)
l
(iii)
(ii)
{h x +i E -x tuJ M *
V n b< u vi i E {i { +vSi
i +i +i n { {ii E Vi *
{h x +i E BE +M Ji n p
]x V J Vi *
n li |ixv E E {Sx E II<]O x
+{xII E { MEi E M il =xE k
h E Mhx xxx E Vi :
pE +i B niB, M], Ei, {Ex il
+x |iriB b< E nxnx |iE i E +i
|Si {] x n { i { +E Vi *
M-pE n xnx E il { |Si x n { +E
Vi *
V n E Mhx xnx E il { |Si x n
{ E Vi *
4.2 i JB
(i) n p S +i +l ni (BBx+ Vx,
<<B Vx, +B Vx +n E +xiMi Oi
V i) il E n x n E
i n p { P (B<bB+<) u l Si
i yk; E n { {ii E M *
137
n x n E {xEx { {h /x il
x] Ji B < b B +< E nxn E +x V B
MB *
(ii) n p vi + + E n E xnx E
iJ E |Si x n E |M E {ii E
Vi *
(iii) Ei, {XEx + M] i +x ni E
|iE i E +i b< u Si |Si n { +E
Vi *
5. x
(i) E E x E i V E E nxn E +x
ix |M l '{{Ci iE vi', '{ i vi',
'G i ={v' il MEi E Vi *
(ii) =Ci ix h E +xiMi x E |E]Eh E +M
xxJi U MEi E Vi :
(1) E |ii,
(2) +x +xni |ii,
(3) ,
(4) bS B b,
(5) +xM l+/H =t il
(6) +x
(iii)
(iv)
(E) x V E {{Ci iE vi Ex Si , E
{{Ci iE vi E { MEi E i *
(J) x V G E il 90 nx i {
{xG i vi E Vi , E { i vi E
{ MEi E Vi *
(M) x V =Ci nx h MEi x , E G
i ={v E { MEi E Vi *
(P) x E G E = {{Ci iE vi,
i vi +l G E B ={v E { MEi
E Vi B h ii{Si E }]M xE
nxn E +x{ E Vi *
(R) +xME, Ci =t il M x E
{{Ci i vi E { MEi E Vi *
{{Ci i J M E +iMi MEi (Ij Oh E
E +) x +vOh Mi { B MB * +M +vOh
Mi +Ei +vE i i +iH E
{{Ci E +v { {vi E Vi YJk rlltuU
fuU rY tJ"tl rfUgt st;t ni*
bxS / b E E V +O E { Z Vi
+i MEh E E E{h xnb il +O
i |V |vxEh E |M Ei B*
Investments:
(i)
(ii)
1.
Government Securities,
2.
3.
Shares,
4.
5.
6.
Others
+xM / H =t x E +l E UcE
tm>
(v) {
i J M E { MEi x E E
+i { G{ {xEx E Vi il {h
138
x E {Sx E Vi B x +vx,
n E< , E |iE MEh E +iMi vx x J
Vi* +M-+M G{ E >{ l=Ji
{xEx E l x ni *
(vi) G i ={v E { MEi x E i +i
{ E] G{ +Ei E Vi il {h x
E {Sx E Vi + x +vx, n
E< , E |iE MEh E +iMi vx x J Vi*
+M-+M G{ E >{ l=Ji {xEx
E l x ni *
(vii) Ij Oh E x E xvh vi Mi E
{ E Vi *
(viii) +xi{nE |ii (V V / 90 nx +vE E
B E ) Ev + E {Sx x E Vi il
|ii E i +i MEh E E{h
xnb E |M Ei B ={H |vx EB Vi il
B E +x =i{nE |ii vi +vx
Ii{i x E Vi*
(ix)
(x)
(xi)
x E +vOh E Mi:
l
+nk |ii E |{i |ix / Ex
il |E E E x *
l
Ex, n, |ii xnx E il ]{ b] E
UcE*
-x tuJ x E G { -x E {Sx E
Vi * {{Ci nu;w J B M E ii x E G
{ E E E { -x Ji
Vi il ii{Si {V tIi Ji xM E
Vi *
x E V E {i Mx E B, ]E BCSV
E]x +l B.+<.B.B.b.B. / {.b.B.+<. u n
M< n E +{x Vi * < |E E E]x / n E
+ B.+<.B.B.b.B / {.b.B.+<. u lxvi
I{{Ci vh |iI E mbwra; |M Ei B V n
E {i M Vi *
E E r=Ntrl=uNo t fuU +x z h E i{ E
xxx E Vi :
V i{
V n {, V V +i + ni+ E S Ei
, E = +i +l ni i xq] { E UcE V
k rhg V { +l Mi V
E { Vi , ={Si +v { Vi
*
{ E xx x +l x E { E nMi
+v +l +i / ni+ E +v E { +Yi
E Vi *
(xii)
]bM {
]bM { x-nx E k rhg nV {ix E l
W Sxi E Vi *
(x)
Hedge Swaps
Trading Swaps
139
6. +O :
(i) ..E u l-xvi nxn E +x +i E
+VE il +xVE E { MEi E M il Wn
+xVE +O i |vx E x { nJ M *
(ii) il{ ..E E nxn E +x xE +O (=i{nE)
i EB MB |vx E +x niB B |vx
E M *
7. l +i /
(i)
{h i il {]] { B MB { i +x +S
+i E {{Mi Mi i< M< , Ei{ { E Uc E
VxE {xEx i< M< * {xx i +i E
Sx |hr {ri E +v { E Vi * {xx {{i
xx E Vi iE < |E |{i E + ix
{j E il { V Vn +i x * E E EU
{ E =Si lE =i-Sf nJ Vi * +iB,
- x E +Ei E Vi * il{, {
E =x n i {xx - x E Vi, VxE =Si
E +i{h {ix i *
(ii) +x
+i E +xiMi xh +v E nx B MB
{VMi E E M *
6.
Advances:
(i)
Advances are classified as performing and nonperforming as per guidelines prescribed by RBI and are
shown net of provisions for non-performing advances.
(i)
(ii)
8.
(i)
Gi B MB E{] }] E E i +MS
+i E { Z M , V }] E / Mi
. 10 J +vE * Yume ydtuah ytr;gt fUt vrhNtu"l
10 JMo fUe yr"fU;b yJr" fuU yg"el, WmfUe CtJe ytgw
;fU rfUgt st;t ni>
9. ES :
(i) ES E E v +{x ni+ E +Yx i
E x i xn JE lx u V J xE
15(vi) ES E |M E *
(ii)
9.
Employee Benefits:
(i)
(ii)
140
(ii)
(iii)
(iv)
(v)
10. V +Yx :
xxJi E UcE + il E J ={Si +v {
E M :
(i) +x{V +i E { MEi +O { V il
+x + E iE x M *
(ii)
(iii)
+ E il V E E { { V + E,
vi E xvh +vE u {i +n E i J
E M *
VUtutuyptl mtJosrlfU rldob fUtu yt:rd; htsJ gg btlt
Vi ni ytih Rmu vtka JMtu b vrhNtur"; rfUgt Vi ni*
(ii)
10.
Revenue Recognition :-
Interest and Other Income on advances classified as nonperforming assets are recognized to the extent realized.
(ii)
11. {]]
11.
Lease
141
(ii)
E)
J)
i)
+l
ii)
iii)
i xn JE lx u V J xE 29
'|vx, +EE niB B +EE +i' E +x{
E |vx i +Yi Ei V E {U P]x E
{h{ ix ni =i{z i +
E +lE vx E | ni E
vx i +{Ii M + V ni E E
x +xx E V Ei *
xxJi E B |vx +Yi x E M :
{U P]x+ =i{z E< i ni + VE
+ii = P]x E x +l x x { x EM
+l E B +xSi P]xB V {hi E E
xjh x *
E< ix ni V {U P]x+ =i{z + =
+Yi x E M CE :
x E +lE vx E |
ni E vx i +{Ii M
b)
i)
or
ni E E x +xx x E V Ei
* B ni E +EE ni+ E { nV E
Vi * <xE xi +i { xvh E Vi
+ ni E E = M E B |vx E Vi
VE B +lE vx E | ,
=x +ii +vh {li E UcE V ni E
E x +xx x E V Ei *
k h +EE +i E +Yi x E
M CE <E {h{ B + E +Yx
Ei V E x V Ei*
ii)
iii)
142
Ei k h {
J ]{{h
1. (i)
(ii)
2. (i)
(ii)
EU J+ V, +O B x] Ji E v h
E i/Ji E x/vx E E |Mi { * =H Ij
< {{i |Mi E qxV |vx E +i E E E J
{ vx E |, +M i, iiE x M * ={H Ij
{{i |Mi E nJi B |vx E x E E E Ji
{ vx E |, n , i{h x M*
. . . E xn E +x, V E nxE 17 S,
1998 E =xE bB.+.BB.423.22.04.001/
97-98 , 330 J+ E v z CiMi
B +CiMi J {x +i, V E .141.39
Ec x @h , E 2000 B 2004 E nx
|vx E E lxii E n M l B ""+EE
J-x"" J M l* .. x nxE 09 n,
2010 E +{x bB.+.BB. . 8002/
22.04.001/2010-11 E +x <x 330 J+ E B
J+ E { ix { E E i h
{] x Ex E +xi n *
(iii)
3. ni z xE xh { S Ex E n
+E i E u .1834.76 Ec ({U . 1322.93
Ec) (+lMi E i) E |vx {{i x M*
4. (i)
1. (i)
3.
143
{ E Vi * {xEx E Eh . 4.45 Ec
(Mi . 4.68 Ec) E +iH E {V
+Ii +ii E +xS .14 n (vii) +x
+ E +iMi v + n M *
V Jb E Mi ={v x , B +I
Jb il x E Mi { xvi E M *
(ii)
(iii)
+i +i i +x +i E h xxi
a.
b.
c.
h /
Particulars
+l \ Opening Balance
E nx {vx \ Additions during the year
E nx {vi \ Amortized during the year
<i \ Closing Balance
5. (i)
(ii)
(iii)
5. (i)
2010-11
2009-10
20.05
12.38
19.19
10.04
3.65
2.37
35.59
20.05
, {ix bS il <C] Vc S+ b/
S E{] b E x] i E {I +O
E x . 770.89 Ec (Mi . 849.82 Ec)
*
i V E E nxn E +x . 9.78 Ec
(Mi . 228.70 Ec) E , V E b ]
S] h |ii E G x E
x , E {V |Ii Ji +ii E M *
144
(iv)
6.
7.
8.
6. The Bank has not made any financing for margin trading
during the year and also not securitised any assets.
E x i xn JE lx u V xxH
J xE (BB) E +x{x E il B J
xE E |vx E +x xxH |E]Eh E V
*
8.1 J xE 5 : ""+v i x +l x, { E
n il J xi''
8.1.
{ vi + + E h xxx :
h /
Particulars
+ \ Income
\ Expenditure
x / Net
2010-11
2009-10
1.29
(9.34)
4.01
3.03
(2.72)
(12.37)
8.2.
The Bank adopted Accounting Standard 15(Revised)Employee Benefits, issued by Institute of Chartered
Accountants of India, for recognition of its liabilities in
respect of employee benefits, viz, Pension (New),
Pension (Old), Gratuity, Leave Encashment, LFC and
Sick Leave w.e.f. 1st April 2007.
8.3.
145
{nx
Sl. No.
Name
Designation
31.3.2011 fUtu
1
V. {. =qyt
b. E
Shri D. Sarkar
3
B. +. xE
Shri M. R. Nayak
{v /
Remuneration
2010-11
2009-10
20.37
21.70
Executive Director
13.57
2.48
+vI B |v xnE
E xnE
E xnE
Executive Director
12.72
1.92
13.03
11.62
/ Ex Directors
E. +. Ei
Shri K. R. Kamath
2
|n +EE
. {. xnE
1
8.5.
Shri J. P. Dua
2
8.4.
i{ +vI B |v xnE
E. E. +O
i{ +vI B |v xnE
4.60
17.69
Shri K K Agarwal
Ex-Executive Director
2.17
14.31
146
h \
2010-11
2009-10
7.42
5.49
6.57
2.98
Subsidiary:
+E <xx ]b ({h i )
H =t :
i)
i)
i)
Joint Venture:
x { Vx <xx E{x .
i)
BB+<(<b) .
BB] :
ii)
i)
ii)
<n { Oh E*
n Oh E
i)
i)
i)
The total of future minimum lease payments under noncancelable operating leases for each of the following
periods:
Rent payable for unexpired lease period as on 31.03.2011
iii)
ix {j E iJ E xi x E Ex ={ {]] E
+iMi |{i EB Vx |ii xxi ={ {]]
E Mix E M : x ({U : x)
vi +v i B x E h +Yi {] ]
Mix : . 60.75 Ec ({U .48.58 Ec)
2009-10
32.96
36.11
110.25
94.66
29.99
37.13
147
iv)
vi +v i B x E h +Yi
|{i(+l |{) ={-{]] E Mix :x ({U :
x)
J) k {]] :
E E { k {]] E +iMi E< {k x *
8.6. |i +Vx : J xE (BB)20:
G .
Sl No.
Particulars
2009-10 i
2008-09 i
32.22
Rs. 27.50
|i + b<]b +Vx
Basic and Diluted Earning Per Share (Rs.)
8.7. + { E i J - J xE (BB) 22
8.7.
E nx +lMi E i E Vx E { . 51.88
Ec(x) ({U x x . 11.10 Ec) E B
x Ji sbt rfUgt M* ix {j E iJ E lli
+lMi E +i / ni+ E J P]E ix{j E il E
+x xxi :
h /
Particulars
E |
Vx Vc/(P])
E +i
At the beginning
of the Year
Adjustment
Add/(Less)
At the close
of the Year
attq JMo
d; JMo
attq JMo
d; JMo
attq JMo
d; JMo
C. Yr.
Pr. Yr.
C. Yr.
Pr. Yr.
C. Yr.
Pr. Yr.
Nil
Nil
Nil
Nil
Nil
Nil
1.23
0.65
3.46
0.58
4.69
1.23
3.66
6.99
(3.65)
(3.33)
0.00
3.66
Nil
2.12
Nil
(2.12)
Nil
Nil
0.54
0.54
(0.54)
0.00
0.00
0.54
5.43
10.30
(0.73)
(4.87)
4.69
5.43
Nil
1.34
Nil
(1.34)
Nil
Nil
28.81
21.29
51.74
7.52
80.55
28.81
U]] i |vx /
Provision for Sick Leave
x E { vi |ii { ={Si Ei +n V
Interest Accrued but not due on securities
held as Investments
+x / Others
E / Total
+lMi E niB (x) /
0.59
0.54
(0.59)
0.05
0.00
0.59
29.40
23.17
51.15
6.23
80.55
29.40
23.97
12.87
51.88
11.10
75.86
23.97
148
8.8 k +i E { E E +i E {{i + {
J xE (BB) 28 <{] + B] |V x
* |vx E =H xE E +x 31.03.2011 E
E E +x +i E< <{] x + =Ci
xE E +x +Yx i E< i{h i x
8.9
E lli
rJJhK /
Particulars
As on 31.03.2011
As on 31.03.2010
(a)
]V
Corporate/
wholesale
security
Treasury
attq JMo
rJJhK/Particulars
htsJ/Revenue
vrhKtb/Result
tJ"tl/Provisions
vrhattl ttC
fUthvtuhux/:tufU
r;Cqr;gtk
751.65
251.80
280.98
1294.24
23.22
26.04
641.76
3269.69
rhxut crfUkd
yg crfUkd
gJmtg
fwUt
Retail Banking
Other Banking
Operation
Total
Pr.Yr.
Cr.Yr.
Pr.Yr.
Cr.Yr.
Pr.Yr.
Cr.Yr.
Pr.Yr.
Cr.Yr.
Pr.Yr.
2983.70
2608.47
5746.27
4276.43
3311.65
2766.23
430.61
293.76
12472.23
9944.89
261.07
140.30
1164.49
1080.39
1320.78
1114.57
327.41
237.58
3073.75
2572.84
1123.84
776.61
1949.91
1796.23
510.38
567.77
Operating Profit
d; JMo
Cr.Yr.
1439.53
1228.46
Other Information:
FkzJth ytr;gtk
Segment Assets
321.57
1148.23
149
1117.91
Jb
Business
Segments
fUthvtuhux/:tufU
r;Cqr;gtk
Corporate/
wholesale
security
Treasury
attq JMo
rJJhK/Particulars
fwUt ytr;gtk
Cr.Yr.
fwUt
Retail Banking
Cr.Yr.
yg crfUkd
gJmtg
rhxut crfUkd
Pr.Yr.
Cr.Yr.
Total
Cr.Yr.
Pr.Yr.
Total assets
Cr.Yr.
d; JMo
Pr.Yr.
151607.92 121954.11
FkzJth =ug;tYk
Segment liabilities
0 142874.49 114990.14
8733.43
6963.97
fwUt =ug;tYk
Total liabilities
151607.92 121954.11
htsJ/Revenue
ytr;gtk/Assets
Dhutq
yk;hhtx[eg
Domestic
International
d; JMo
attq JMo
d; JMo
attq JMo
d; JMo
Cr.Yr.
Pr.Yr.
Cr.Yr.
Pr.Yr.
Cr.Yr.
Pr.Yr.
12401.21
9895.83
71.02
49.06
12472.23
9944.89
147978.13
120139.03
3629.79
1815.08
151607.92
121954.11
]V {Sx
o Treasury Operations,
E{]/lE EM
] EM
o Retail Banking
+x EM
ME Jb E (E) P + (J)+i] Jb MEi
E M *
vE +{I+ +vE BB+ |ii x
+ M BB+ |ii x E ] V {Sx
x x M *
o
l
Total
attq JMo
Jb Sx { ]{{h :
l
E Jb v Vb , +i + ni+ E
vi Jb E +]i E Vi + V E< n v
Jb E |ii x Ei =x |vi E +x{i
+]i E M *
Geographical segment has been classified as (a) Domestic and (b) International.
Investment in SLR securities in excess of statutory requirements and investment in non-SLR securities have been
considered as investment for Treasury Operations.
Expenses, assets and liabilities directly attributed to particular segment are allocated to the relative segment and
wherever the items are not directly attributable to specific
segment the same has been allocated in proportion to
business managed.
150
9. +EE niB:
9. Contingent Liabilities
z +{ |vEh E I i E v
ni +E V E{x E . 8.00 Ec ({U
12.09 Ec ) E E |{i x E x * 31.03.2011
E lli .8.89 Ec ({U .7.80 Ec) E
+O E, i { E] MB E + |{ +E b
E { n< M< * Exvh + +{ E
z Sh Vx i i *
E{x E r @h E { +Ei x EB MB n:
.11.76 Ec ({U .11.76 Ec)
10. + E <x . E v xx x E
+nx, . .. n< u 13.05.1992 E + E
<x . E { MB E E E {I {k
E {h +ih x M * inx, E {nM E
iJ E E x M + =E n =x
{ Pi i ={S + +vE { <E E *
WvgwoU yt=uN fuU vrhKtbJv Nughtuk fuU ysol fUtu nPv
rlJuN btlt dgt>
151
,
xnE b
<n E
1. x lli 31 S, 2011 E <n E (E), <E +xM + BB] () E Mx ix{j il = iJ E
{i i Ei B x J + Ei lfU=e Jtn rJJhKe E VS E V xxJi :
i)
u J{I EB MB E E J{Ii J*
ii) +x J{IE u J{Ii BE +xM + n BB] E J{Ii J + n H =tbt E +J{Ii
J*
<x k h E =kni E E |vx E + <x |vx u {lE k h il <E P]E vi +x k
Sx+ E +v { i E M *
2. ni +{x J{I E +v { <x k h { +{x H Ex * x i xi& E J xE
E +x +{x J {I E * <x xE E +{I E < v Si +x |{i Ex i J {I E E C
k h xvi k {]M fS E +x i EB MB B +r h H * J{I {Ih +v {
E li Ex I E VS il k h |E]Eh * J{I |H J ri E Ex il |vx
u EB MB =Jx |CEx E l O k h E Ex i * E J{I
+i E ` +v *
3. x xxJi E k h E J{I x E :
i)
BE +xM VE k h lli 31 S 2011 E . 54.09 Ec E E +i il = iJ E {i
. 5.80 Ec E E V ni * <x k h E +x J {IE u {Ii E M VE {]
|ii E M< il V iE +xM E v E v , +i =H J {IE E {] { {
i +vi *
ii) BB] n Ij Oh E (+) , VE k h lli 31 S 2011 E . 7364.16 Ec
E E +i il = iJ E {i . 482.69 Ec E E V ni * <x k h E +x J
{IE u {Ii E M VE {] |ii E M< il V iE +xM E v E v ,
+i =H J {IE E {] { { i +vi * BE H =tb E{x, V E{x +J{Ii
VE E +i .448.62 Ec + E V h. 217.84 Ec *
iii) BE H =t V BE +i {xxh E{x VE k h +J{Ii + lli 31 S 2011 E . 126.39
Ec E E +i il = iJ E {i . 17.88 Ec E E V ni *
4. {] Ei E i xn JE lx u V J xE 21 Ei k h + J xE 23 Ei
k h B] x E J il J xE 27 H =t i E k {]M E +{I+ B i
W E E +{I+ E +x E |vx u Ei k h i EB MB *
5. n EB x , +xS 18 E x] . 16.3.5 E + vx+Ei Ei V VxE Ij E E E
ES i {x E{ {x: Jx { i W E u +{x nxE 09.02.2011 E {{j . b+b.{. / 80/
21.04.018/2010-11 E v |nx E M< U] E +x BB 15 ES E |vx E VxE E { M Ex
v . 598.16 Ec iE E r E Eh {x ni B OS] ni lMi EB Vx E i *
6. J{I E +v { il {lE k h E v +x J{IE E {] { S Ex il uFt rxvrKgt fuU +vvx
y:ot; ltux mk. 2 (i), 2 (ii) ytih 2 (iii) yk;h NtFt Ft;t fUe cub
u rJrgt fUu ;wl/CEx, WU ltux b g:tJrKo; rJrCt uFtNeMtu b
cfUtgt rJrgt fuU ;wl/CEx ytih vx fuU J {I {] E vx JE +i E:
(i) Ei ix{j lli 31 S 2011 E E Ei li E B x{I U ni ; B
(ii) Ei B x J = iJ E {i i E |Sx E Ei {h E B x{I U
ni *
(iii) Ei xEn | h-{j, h-{j E +v i E xEn | E B x{I U ni *
Ei . ni E {J Bb E.
xn JE
+<B+< {VEh J 110512W
(Exi V)
vtxolh
ni . 39461
Ei . B.P Bb E{x
xn JE
+<B+< {VEh J
(Snx S]]{v)
vtxolh
ni . 51254
302184 E
Ei . {.B. Bb BB]
xn JE
+<B+< {VEh J
(n{ E +O)
vtxolh
ni . 55420
313085E
152
Ei . B.+. xh Bb E.
xn JE
+<B+< {VEh J 002330S
(B.Bx. E]x)
vtxolh
ni . 22993
Ei . B.. Vx Bb E.
xn JE
+<B+< {VEh J
(E E. {])
vtxolh
ni . 056623
304012E
(Srikant Jilla)
Partner
Membership No. 39461
(M.N. Venkatesan)
Partner
Membership No. - 22993
(Chandan Chattopadhay)
Partner
Membership No. 51254
Place : Kolkata
Date : 2nd May, 2011
(C.P.Mishra)
Partner
Membership No. 73009
(Mukesh Kr Patawari)
Partner
Membership No.056623
153
DIRECTORS REPORT
k {h
FINANCIAL RESULTS
During the year under review, your company earned profit after
tax of Rs.2,79,50,799 as against Rs. 7,14,92,466 in the
previous year. The summary of the financial results is as
follows:
( <)/( in <)
E V \ Gross Revenue
E \ Total Expenses
E { \ Profit Before tax (PBT)
E i |vx \ Provision for tax
E {Si \ Profit after tax
31.03.2011
31.03.2010
5,79,91,192
1,44,39,506
4,35,51,686
1,10,00,000
2,79,50,799
10,69,33,627
1,06,25,793
9,63,07,834
2,48,00,000
7,14,92,466
DIVIDEND
31 S, 2011 E {i i xnE x E E
x E*
{Sx
k 2010-11 E` V n, ii E E, pi
r il ESS i E Ei < r E |iE | Oi
* <x ]-+lE EE E +E , xv E Mi Si
x * Sxn VxE Ij ={G |i E
+{I <C] E |lE V n * Oi: V n
+li x + <x r V E +{EE
V * < {o x E{x E +{EE =v, hVE
{j E xM E V xv |{i Ex E B v E n* B
+{I E Vi E S k EU + E B
V n >S x M*
OPERATIONS
154
S E B n]Eh
E{x E n]Eh S k +{x ] | +{x
Miv =Jx r Ex E V E @h cEx
xM |vx, x Miv B +x E +vi B l
iExE +lE i +vx |VC] Ex B +x *
nxn E +x{x
ES E h
xnEMh
BOARD OF DIRECTORS
(E) b ` E
2010-11 E nx b E {S ` E < + Vx b E
n x M
E{] Mxx
xnE / Director
V.{. n+ Shri J. P. Dua
b. E Shri D Sarkar
{. E. M{i Shri P. K. Gupta
b. xM{i Shri D. Sengupta
+. V. Shri R. G. Sharma
B. E. SGi (24.08.2010 E xk)
`E E J
`E ={li
No. of meetings
Meetings attended
155
5
5
5
5
5
5
4
3
1
4
1
5
3
5
1
4
3
5
(J) J i
J i E b E n {. E. M{i, +. V ,
B. . ]]S x E nx 4 `E E* J i E
EIj E{x +vx 1956 E +x. 292-B E +iMi *
xnE E ni E h
E) 31 S 2011 E {i k E E J E i
Sx v Si {]Eh E l M J
xE E {x E M
J) xnE x B J xi E Sx B <x Mi {
M E B xh |CEx EB V HMi
B E{h Ivx i E{x E B x{I
ZE B < +v E nx +{E E{x E +l
x E li |ii E V E*
M) xnE x vJvc B +x +xii+ E Ex B
=xE {i Mx E B il E{x E +i E Ii
Ex i E{x +vx, 1956 E |vx E +x
{{i J +J E JJ i Si B {{i
vx J *
P) xnE x 31 S 2011 E {i i + ii
|i`x +v { E J i EB *
a)
b)
c)
d)
J{IE
AUDITORS
J{IE E {] { |vx E =k
GENERAL
(|n +EE)
(V.{. n+)
|v xnE B <+
+vI
(Prasad Akolkar)
MD & CEO
156
(J. P. Dua)
Chairman
+E <xx ]b
AllBank Finance Limited
31 S, 2011 E ix-{j
BALANCE SHEET AS AT 31st March, 2011
+xS / Schedule
I.
I.
II.
1
2
3
xv E i / SOURCES OF FUNDS
vE E xv / Shareholders Funds
{V / Capital
Ii B +v / Reserves and Surplus
E /Total
xv E x / APPLICATION OF FUNDS
l +i / Fixed Assets
E E / Gross Block
P]B : / Less : Depreciation
x E / Net Block
x / Investments
S +i, @h B +O
31.03.2011
31.03.2010
(<)
(<)
150,000,000
150,000,000
323,634,572
295,890,615
473,634,572
445,890,615
C
50,909,927
51,176,500
33,312,130
D
33,451,355
17,597,797
17,725,145
348,786,706
334,240,825
57,632
53,322,369
56,164,475
17,593,334
17,043,656
103,626,149
100,864,115
174,599,484
174,072,246
7,699,009
6,534,534
59,650,406
73,613,067
67,349,415
80,147,601
107,250,069
93,924,645
473,634,572
445,890,615
ix-{j il E {] ni
b E B B E +
Ei b Bb
For De & Bose
xn JE
Chartered Accountants
i b / Subrata De
{]x / Partner
m=g;t mkgt/ Membership No.54962
VUbo vksefUhK mkgt / Firm Registration No. 302175E
V.{. n+ / J. P. Dua
+vI / Chairman
{. E. M{i / P. K. Gupta
xnE / Director
157
+E <xx ]b
AllBank Finance Limited
31 S, 2011 E {i E x J
Profit and Loss Account for the year ended 31st March, 2011
+xS
31.03.2011
Schedule
+ / INCOME
baux crfUkd ytg / Merchant Banking Income
gwS+ b Jih EV / MF Distribution Brokerage
rlJuN ytg / Investment Income
|{i V / Interest Received
+x + / Other Income
/ EXPENDITURE
EE { / Personnel Expenses
|xE B +x / Administration & Other Expenses
+I / Depreciation
fUh vqJo ttC / Profit Before Tax
Evx nu;w tJ"tl / Provision for Taxation
- S E / - Current Tax
+ E Vx / Income Tax Adjustment
E {Si / Profit After Tax
+Oxi / Balance Brought Forward
+Oxi / Balance Caried Forward
i{h J xi / Significant Accounting Policies
J rxvrKgtk / Notes on Accounts
E {i
31.03.2010
E {i
Year ended
Year ended
31.03.2011
31.03.2010
<
<
10,783,144
7,000,000
15,643,869
58,160,085
23,242,336
34,216,288
6,259,849
5,696,482
2,061,994
1,860,772
57,991,192
106,933,627
4,917,491
3,403,627
9,326,189
7,058,497
195,826
163,669
14,439,506
10,625,793
43,551,686
96,307,834
11,000,000
24,800,000
(4,600,887)
(15,368)
27,950,799
71,492,466
294,830,362
223,337,896
322,781,161
294,830,362
18.63
47.66
P
Q
+ |i (+Ei |i . 100)
Earnings per Share [ Face value < 100 each ]
B b<]b + |i (+xS gq E x] 5 E n )
Basic and Diluted Earnings per Share [ Refer to Note 5 on Schedule Q ]
={H ni +xS -x J E +z +M *
The Schedules referred to above form an integral part of Profit and Loss Account.
-x J il E {] ni *
This is the Profit and Loss Account referred to in our report of even date
b E B B E +
Ei b Bb
For De & Bose
xn JE
Chartered Accountants
i b / Subrata De
{]x / Partner
m=g;t mkgt / Membership No.54962
VUbo vksefUhK mkgt / Firm Registration No. 302175E
V.{. n+ / J. P. Dua
+vI / Chairman
{. E. M{i / P. K. Gupta
xnE / Director
158
+E <x ]b
AllBank Finance Limited
31 S, 2011 E {i i xEn | h
Cash Flow Statement for the year ended 31 st March, 2011
2010-11
2009-10
<
<
43,551,686
96,307,834
E { x
Net Profit before Tax
Vx / Adjusted for :
/ Depreciation
V + / Interest Income
+-S+ b / Dividend Income - Mutual Fund
+- / Dividend Income - Shares
Bx{B i |vx + +{Ii x /
Provision for NPA no longer required
195,826
163,669
(23,872,813)
(16,673,832)
(5,364,971)
(6,558,693)
(28,650)
(278,500)
(1,681,929)
(1,278,142)
(76,988)
(6,750)
i |vx + +{Ii x /
Provision for Expenses no longer required
x +{ i |vx + +{Ii x /
Provision for Diminution in Investment no longer required
(26,809)
8,654
428,842
165,075
(153,863)
16,349,564)
(2,880)
26,360
x E G { /
Profit on sale of Investments
l +i E G { /
Profit on sale of Fixed Assets
(30,977,614)
105,307
(40,283,037)
E {V {ix { {Sx
Operating Profit before Working Capital Changes
Vx / Adjusted for :
]b + +x |{ / Trade and Other Receivables
@h B +O / Loans and Advances
]b B +x n / Trade and Other Payables
{Sx +Vi xEn /
12,574,072
8,580,137
(2,440,410)
1,799,241
1,069,250
159
56,024,797
(1,891,634)
11,448,628
4,729,408
397,364
24,022,700
56,422,16
33,970,816
19,063,762
(9,948,116)
37,358,399
2010-11
2009-10
<
<
J. x Miv xEn |
B CASH FLOW FROM INVESTING ACTIVITIES
l +i E Jn / Purchase of Fixed Assets
(71,098)
(843,034)
5,500
5,607,983
-
42,295,925
(1,687,575)
(20,000,000)
(40,000,000)
(50,000,000)
16,170,004
9,644,153
28,650
278,500
5,364,971
6,471,533
l +i E G |{i +M
S+ b x |{i +M (x)
Proceeds from Investments of Mutual Fund (Net)
x / Investment in Shares
+{ix bxS x
Investment in Non-Convertible Debentures
7,106,010
(33,840,498)
(2,842,106)
3,517,901
6,164,475
2,646,574
3,322,369
6,164,475
5,349
5,675
3,317,020
6,158,800
3,322,369
-
6,164,475
-
M k Miv xEn |
C CASH FLOW FROM FINANCING ACTIVITIES
k Miv x xEn
1.
x]: / Note :
xEn + xEn i xx
Cash and Cash Equivalents comprise :
Ec / Cash in hand
+xSi E E / Bank Balance with Schedule Banks :
S Ji / in Current Account
b E B B E +
Ei b Bb
For De & Bose
xn JE
Chartered Accountants
i b / Subrata De
{]x / Partner
m=g;t mk. / Membership No.54962
VUbo vksefUhK mkgt / Firm Registration No. 302175E
V.{. n+ / J. P. Dua
+vI / Chairman
{. E. M{i / P. K. Gupta
xnE / Director
160
J E Ctd E { +xS
+E <xx .
+xS "B' -- {V
SCHEDULE A - CAPITAL
{V
31.03.2011
31.03.2010
<
<
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000
31.03.2011
31.03.2010
<
<
1,060,253
1,060,253
SHARE CAPITAL
|vEi /
Authorised
xMi, +nk B nk
Issued, Subscribed and Paid Up
(i <n E B <E xi E { )
(All the Shares are held by Allahabad Bank and its nominees )
tIi B +v /
RESERVES AND SURPLUS
x tIi /
General Reserve
J xE - 15 E +xiMi /
206,842
853,411
B x tuFt
161
322,781,161
294,830,362
323,634,572
295,890,615
162
/ Previous Year
Computer Software
fUkvgwxh mtxugh
INTANGIBLE ASSETS
+i +i
(A +B)
51,714,268
42,000
42,000
51,176,500
213,235
48,465,116
51,134,500
Motor Vehicles
]x
17,295,894
609,308
Office Equipments
E ={Eh
xS B CS
{] B x
ASSETS GIVEN ON
LEASE
V { |nk +i
30,346,679
595,043
2,669,384
Motor Vehicles
]x
1,593,556
480,785
843,034
71,098
71,098
71,098
66,643
4,455
Additions
1,380,802
337,671
337,671
337,671
337,671
Adjustments
51,176,500
42,000
42,000
50,909,927
213,235
48,465,116
50,867,927
17,295,894
609,308
30,346,679
595,043
2,402,811
1,322,528
485,240
As at
31.03.2011
E E / GROSS BLOCK
{vx
Vx 31 S 2011 E
Office Equipments
E ={Eh
xS B CS
V E +iH +x +i
01.04.2010 E
As at
01.04.2010
FIXED ASSETS
TANGIBLE ASSETS
bq;o +i
Particulars
Schedule - C
+xS "' -- l +i
J E M E { +xS
34,563,181
8,800
8,800
33,451,355
213,235
31,925,420
33,442,555
3,033,976
574,310
28,103,899
29,581
1,517,135
335,051
Adjustments
163,669
8,800
8,800
195,826
187,026
3,033,976
574,310
28,103,899
86,110
1,369,110
996,274
286,726
31.03.2011 E
As at
31.03.2011
1,275,495 33,451,355
17,600
17,600
335,051 33,312,130
213,235
31,925,420
335,051 33,294,530
56,529
187,026 335,051
106,183
24,314
For the
Period
/ DEPRECIATION
+v
Vx
1,225,142
262,412
31.03.2010 E
As at
31.03.2010
+E <xx .
/ (In <
34,998
2,242,780
565,462
1,152,249
368,414
218,373
As at
31.03.2010
17,725,145
24,400
24,400
17,597,797
33,200
33,200
17,725,145
16,539,696 16,539,696
17,573,397 17,691,945
14,261,918 14,261,918
34,998
2,242,780
508,933
1,033,701
326,254
198,514
As at
31.03.2011
x E /NET BLOCK
31.03.2011 E
31.03.2010 E
(h. )
J E Ctd E { +xS
+E <xx .
+xS b x
SCHEDULE D INVESTMENT
Q U A N T I T Y
BOOK
VALUE
MARKET
VALUE
E lli
E lli E lli
31.03.2010
31.03.2011
E lli
As at
31.03.2011
As at
31.03.2010
As at
31.03.2011
<
As at
31.03.2010
<
n / Rate
10,000,000
10.0153
10,014,098
10,012,300
10.0654
14,533
10.1052
20,492,128
31.03.2011
31.03.2010
E lli
31.03.2011
As at 31.03.2011
<
/ Value
<
+<+<+< |b B B
ICICI Prudential MF
999,880.011
+vE +xi Vx - 1
lMi
Half Yearly Interval Plan -I,
Institutional Dividend
BSbB <E b
496,349.963
5,003,654
+<+<+< |b }C <E {x
189,274.698
20,012,961
2,000,000.000
20,000,000
999,751.871
10,008,616
744420.041
7,503,605
19,986.861
20,013,621
15.018
19,074
]{]x <b +]
] b b
E]E }] M ]
x xV b
]+< ]V Bb]V b
163
J E Ctd E { +xS
+E <xx .
+xS b x
SCHEDULE D INVESTMENT
Q U A N T I T Y
BOOK
VALUE
E lli
E lli E lli
31.03.2010
31.03.2011
E lli
As at
31.03.2011
As at
31.03.2010
As at
31.03.2011
<
As at
31.03.2010
<
31.03.2011
31.03.2010
MARKET
VALUE
E lli
31.03.2011
As at 31.03.2011
n / Rate
<
/ Value
<
i / Quarterly Dividend
]+< ]V Bb]V b
UTI Treasury Advantage Fund
5,186.259
nxE / Daily Dividend
E S x / Total Current Investment
nPv x-+xE]b
G |VC] . /
30,006.905
5,187,369
30,013,330 1,000.2141
5,187,369
35,633,041 122,587,161
85,500
85,500
2,992,500
380,923
380,923
3,809,230
3,809,230
119,700
119,700
1,197,000
1,197,000
58,300
58,300
874,500
874,500
150,000
150,000
1,500,000
1,500,000
25
25
250
250
650,000
650,000
6,500,000
6,500,000
50
50
1,538
1,538
10,000
10,000
851,900
851,900
2,992,500
|i{ ] . /
E <x Bb ] .
. 10/- |iE E <C] , {h nk
Moulik Finance & Resorts Ltd.
Equity Shares of < 10/- each, fully paid
i { . /
Ritesh Polymers Ltd.
EM ] . /
V+ BO EE .
nx M . /
164
J E Ctd E { +xS
+E <xx .
+xS b x
SCHEDULE D INVESTMENT
Q U A N T I T Y
BOOK
VALUE
E lli
E lli E lli
31.03.2010
31.03.2011
E lli
As at
31.03.2011
As at
31.03.2010
As at
31.03.2011
<
As at
31.03.2010
<
31.03.2011
31.03.2010
MARKET
VALUE
E lli
31.03.2011
As at 31.03.2011
n / Rate
/ Value
<
<
x S VM /
New Century Leasing
106,000
106,000
2,507,960
2,507,960
40,000
40,000
757,200
757,200
Regent Chemicals
28,000
28,000
795,200
795,200
25,000
25,000
1,017,500
1,017,500
126,200
126,200
4,181,006
4,181,006
1,400
1,400
2,000,000.000
20,000,000
V] EE /
/
Solar Busiforms
x {xM .
1,400 <C] (x)
S+ b x]
x< B B
B]{ +<BxB] V -Ol
Birla Sunlife MF
FTP Inst Series CX - Growth
10.0294 20,058,800
bB{ EE B B
E - 25 b-Ol
DSP Blackrock MF
Focus 25 Fund - Growth
250,000.000
2,500,000
2,000,000.000 2,000,000.000
20,000,000
10.5110
2,627,750
10.7462
21,492,400
10.0437
19,083,030
BSbB B B
Cb S] {x
13B btao 10 - Ol
Cb S] {x
370 r=l btao 11(4) - Ol
HDFC MF
Fixed Maturity Plan
13M Mar 10 - Growth
20,000,000
1,900,000.000
19,000,000
165
J E Ctd E { +xS
+E <xx .
+xS b x
SCHEDULE D INVESTMENT
Q U A N T I T Y
BOOK
E lli
E lli E lli
31.03.2010
31.03.2011
E lli
As at
31.03.2011
As at
31.03.2010
As at
31.03.2011
<
As at
31.03.2010
<
31.03.2011
VALUE
MARKET
VALUE
E lli
31.03.2010
31.03.2011
As at 31.03.2011
n / Rate
<
/ Value
<
B B
Cb Vx b
XIX - V 11- Ol
Reliance MF
2,000,000.000
20,000,000
10.0508
20,101,600
B+< BB
b] b V
370 r=l - 9 - Ol
SBI MF
2,000,000.000
20,000,000
10.1704
20,340,800
={-M
/ SUB-TOTAL
128,485,784
46,985,784
nPv x-+xE]b
LONG TERM INVESTMENT - Quoted SHARES
B <x .
BCL Financial Services Ltd.
6,400
6,400
64,000
64,000
48,600
48,600
1,944,000
1,944,000
20
1,100
1,100
1,075.00
21,500
2,290
130,049
130,049
97.75
223,848
50,000
1,687,575
1,687,575
25.35
1,267,500
500
500 50,000,000
50,000,000
Not Quoted
30
30 30,000,000
30,000,000
Not Quoted
E ] .
2,290
50,000
bS / DEBENTURES
]] E{] . / Tata Capital Ltd.
. 1,00,000/- |iE E Bx b
NCDs of < 1,00,000/-each
E{]
1,000,000/-
|iE E Bx b
166
J E Ctd E { +xS
+E <xx .
+xS b x
SCHEDULE D INVESTMENT
Q U A N T I T Y
BOOK
VALUE
MARKET
VALUE
E lli
E lli E lli
31.03.2010
31.03.2011
E lli
As at
31.03.2011
As at
31.03.2010
As at
31.03.2011
<
As at
31.03.2010
<
n / Rate
100
100 10,000,000
10,000,000
200
20,000,000
500
500 50,000,000
50,000,000
Not Quoted
500
500 50,000,000
50,000,000
Not Quoted
31.03.2011
E lli
31.03.2010
31.03.2011
As at 31.03.2011
/ Value
<
<
]{] <x E.
Sriram Transport Finance Co. Ltd.
1,000,000/-
Not Quoted
|iE E Bx b
{] <VxM .
1,00,000/-
Not Quoted
|iE E Bx b
b / BONDS
<b <x]ES <x E. .
1,00,000/- |iE E ECi b
India Infrastructure Finance Co.Ltd.
Tax Free Bonds of < 1,00,000/-each
213,826,724 193,826,724
342,312,508 240,812,508
+xS b x
E lli / As at
SCHEDULE D INVESTMENT
vqKo gtud
/ Grand Total
167
BOOK
VALUE
E lli / As at
31.03.2011
31.03.2010
<
<
35,633,041
122,587,161
35,633,041
122,587,161
128,485,784
46,985,784
26,985,770
26,985,771
101,500,014
20,000,013
213,826,724
193,826,724
2,173,073
211,653,651
2,173,073
191,653,651
348,786,706
334,240,825
J E Ctd E { +xS
+E <xx .
lli
/ As on
31.03.2011
lli
/ As on
31.03.2010
<
v nxn
a)
<
/ SUNDRY DEBTORS
U +vE +v E @h
6,005,077
57,632
6,062,709
6,162,896
6,162,896
6,005,077
57,632
6,162,896
-
mkr=" btlu dY
b)
Considered doubtful
+x @h / Other Debts
lli
/ As on
31.03.2011
/ As on
31.03.2010
<
<
5,349
5,675
3,317,020
6,158,800
50,000,000
50,000,000
53,322,369
56,164,475
lli
/ As on
31.03.2011
rfUhtY vh xtfU /
lli
Stock-On-Hire
lli / As on
31.03.2010
<
<
11,911,409
13,435,519
2,523,617
9,387,792
2,720,908
10,714,611
9,387,792
10,714,611
4,795,876
2,655,822
12,430,689
6,867,934
315,769
7,468,900
tg c{tufUhus/Brokerage Receivable
yg/Others
168
51,000
51,000
17,593,334
17,043,656
J E Ctd E { +xS
+E <xx .
lli
+xS "BS' -- @h B +O
lli
/ As on
31.03.2011
/ As on
31.03.2010
<
<
xEn +l {h +l |{i EB Vx
i Vx +O
Advance recoverable in cash or in kind or for
value to be received
1,272,386
1,467,370
200,000
200,000
200,000
200,000
+O +E, i { E] M E
Advance Income Tax , Tax Deducted at Source
101,404,013
96,836,338
90,633
97,033
10,635
1,671,500
101,372
101,372
1,464,000
1,464,000
1,464,000
1,464,000
+vE E @h B @h E ={Si V
Loan to Officers and Interest Accrued on Loans
690,502
103,626,149
100,864,115
lli
lli
/ As on
31.03.2011
S niB /
747,110
/ As on
31.03.2010
<
<
CURRENT LIABILITIES
v xn ( B +x)
Sundry Creditors (Expenses and Others)
7,638,178
60,831
60,831
7,699,009
6,534,534
lli
lli
/ As on
31.03.2011
SCHEDULE J - PROVISIONS
/ As on
31.03.2010
<
|vx / PROVISIONS
6,473,703
338,127
528,552
169
<
220,882
866,679
808,459
1,029,341
51,000
51,000
42,253,862
56,053,862
16,478,865
16,478,864
59,650,406
73,613,067
J E Ctd E { +xS
+E <xx .
+xS "E' -- x +
lli
lli
/ As on
31.03.2011
/ As on
31.03.2010
<
x + / INVESTMENT INCOME
b BJk bS { V
Interest on Bonds and Debentures
+- / Dividend Income - Shares
+ - / Dividend Income -
<
17,691,972
28,650
11,055,891
278,500
S+ b x] ({ x) /
5,364,971
153,863
153,863
6,558,693
16,349,564
(26,360)
16,323,204
2,880
23,242,336
34,216,288
lli
lli
/ As on
31.03.2011
/ As on
31.03.2010
<
<
V + / INTEREST INCOME
n V { V (E)
Interest on Fixed Deposit(Gross)
[ ]bB-618,086
(Mi -
6,180,841
5,617,941
557,989/-)]
+xS "B' -- +x +
79,008
78,541
6,259,849
5,696,482
lli
lli
/ As on
31.03.2011
<
+x + / OTHER INCOME
]x E E M |vx : / Provision written back for :
+x{V +i i / Non Performing Assets
/ Expenses
x +{ / Diminution in Investment
/ As on
31.03.2010
<
1,681,929
76,988
1,278,142
6,750
26,809
v + / Miscellaneous Income
{i +v E n / Prior Period Item
303,077
2,061,994
lli
/ As on
31.03.2011
<
EE Mi / PERSONNEL COST
ix / Salaries
xv +nx B |xE |
Provident Fund Contribution and Admn. Charges
SEi / Medical Expenses
+x /Others
170
(165,075)
(138,266)
103,804
610,342
1,860,772
lli
/ As on
31.03.2010
<
3,572,635
2,552,094
328,562
247,143
769,151
4,917,491
236,091
321,771
293,671
3,403,627
J E Ctd E { +xS
+E <xx .
{i
j B x
fUtN B ti
{iE B {jEB
ph B Jx O
mkJ"ol
bE JS B ]x
- +x / - Others
/ Year ended
31.03.2010
<
533,557
470,794
252,643
273,515
48,254
50,671
159,353
110,552
2,208
9,573
301,484
237,950
13,324
66,202
79,126
404,134
/ Insurance Charges
Y{x B |S
{i
- j B x
|
/ Year ended
31.03.2011
<
40,035
483,260
383,684
423,719
13,128
12,440
314,168
92,459
1,096,035
1,112,029
55,000
62,500
+nx B ni E
/
Subscription and Membership Fee
xnE E `E E E
J{IE E {E
/ Auditors Remuneration
- J{I
- E
/ - Audit Fee
J{I E
- J{IE
25,000
27,575
7,000
7,721
E j B +x +iE J {I E
B { E
B { E
102,342
134,342
100,209
135,505
80,000
22,151
115,166
342,968
330,246
273,694
805,751
3,928
787,702
2,736
55,840
17,957
168,236
273,038
67,405
37,902
3,086,370
1,265,242
1,746,193
8,654
428,842
9,326,189
7,058,497
vE
/ Legal Expenses
xnE E j YJk b `E { /
Directors Travelling and Board Meeting Expenses
E | / Bank Charges
v
/ Miscellaneous Expenses
E Fao
/ Office Expenses
+{Ji Vb +i
l +i E G { x
Loss on disposal of Fixed Assets
J E M E { +xS
+E <xx .
+xS { : i{h J xi
(E) k h i Ex E +v
k h E J xE + E{x +vx, 1956 E
Mi |vx E +x i EB Vi + {{Mi Mi
{{] { +vi * J xi, V iE +xl xn] x ,
+xE + xi: Ei J ri E +x{ * n +
|{ iE x MB + + E J, V iE +xl
xn] x , ={Si +v { E M *
(J) |CEx E |M
k h i Ex i B |vx E +Ei i V B
+xx + |CEx Ei V {] E M< +i + ni+
E E E |i Ei + ix {j E iJ E +EE
ni+ il +i + E nx {] E M< + + E
vi |E]Eh *
+EEi+ E i nV E Vi V < i E x E
ni ={Mi M + = E Si |CEx E V Ei
* V {h Yi/i i = iE {h +
|CEx E +i E +Yi E Vi *
(M) htsJ yrCttl
(i) vxTxt rJtvtuMK&
1.4.2001fUtu gt RmfuU vtt; thkC tuFt yJrD fuU =tihtl mb;
vxTxu fUe yr;gt fUu mkckD b CtJ b ytRo tes vh tuFt
btlfU 19 (YYm-19) ttdq ni> akqrfU fkUvle lu 1.4.2001 fUtu
y:Jt RmfuU vat; fUtuRo tes mkJef]U; lnek fUe y;& YYm19 fkUvle vh gtug ln ni>
(ii) V + E +Yx E il |V n E +v {
M x Vx E E iE +x{i
+v { E Vi *
(iii) + E i +Yi E Vi V <E |{i E
+vE l{i Vi *
(P) yat ytr;gtk
Lease Finance
The Accounting Standard 19 (AS19) on Leases came
into effect in respect of all assets leased during accounting
periods commencing on or after 1.4.2001. Since the
Company has not sanctioned any lease on or after
1.4.2001, the AS19 is not applicable to the Company.
(ii)
172
J E M E { +xS
+E <xx .
Depreciation
(i)
(ii)
(g) Investment
=eDo yJrv fuU rlJuN fUt ttd; vh bqg rlvhK rfUgt st;t
ni> JMo fUe mbtrt vh rlJuN fuU bqg tm nu;w tJvx Yumu
rlJuN fuU bqg b fUbe ntulu vh rfUgt st;t ni>
J E M E { +xS
+E <xx .
(i)
Sundry Debtors
Amount due/ receivable but yet to be received at the end
of the year on account of Lease, Hire Purchase, third
parties etc. are debited to Sundry Debtors Account and
credited to respective income/ assets account.
(j)
Employee Benefits
Employee benefits accrued in the year are for services
rendered by the employees. Contribution to defined
contribution schemes such as Provident fund is
recognized as and when incurred.
Long term employee benefits under defined benefits
scheme such as gratuity and leave encashment are
determined at close of the year at present value of the
amount payable using actuarial techniques.
174
J E M E { +xS
+E <xx .
bqgtkfUl JMo
Assessment Year
ytgfUh
31.03.2010
/ Income-Tax
ytgfUh
2002-03
344.18
2003-04
627.62
620.55
2004-05
70.52
109.79
2005-06
23.44
38.06
2006-07
15.32
29.99
2007-08
55.18
66.47
2008-09
8.07
E / Total
800.15
1,209.04
The change in the figure of the tax liability is due to order passed
against or in favour of ABFL , partly deposited and aggrieved,
preferred appeal.
(b) Claims against the Company not acknowledged as
Debts : ` 1,175.76 lakh. ( Previous Year `1,175.76 lakh)
(c)
2.
2.
175
J E M E { +xS
+E <xx .
3.
+O +E, i { E E]i il |{ +E {
lli 31.03.2011 E ` 888.96 J (31.03.2010 E .
` 779.86 J) * Ex B +{ E z
;ht { Vx i i *
4. +x
+ E +iMi {U +v E n E h
3.
4.
/In ` )
(`
2010-11
EV + /
E / Total
Brokerage Income
2009-10
610,342
610,342
/In ` )
(`
5.
2010-11
2009-10
27,950,799
71,492,466
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
100
100
18.63
47.66
E + <C] E J /
Number of Equity Share at the beginning of the year
E +i <C] E J /
Number of Equity Share at the end of the year
<C] E x
/
Nomi Nominal value of Equity Share `
|i + b<]b +Vx /
7. E.
|v xnE E {v /
6.
ix / Salary
Ex E / House Rent
xv +nx / Contribution to Provident Fund
+x / Other Benefits
OS] i |vx / Provision for Gratuity
U]] |i{i i |vx / Provision for Leave Encashment
E / Total
176
(`
/In ` )
2010-11
2009-10
600,000
600,000
240,000
240,000
72,000
72,000
321,592
221,592
40,820
28,846
28,241
1,302,653
1,162,438
J E M E { +xS
+E <xx .
8. i xn JE lx u V J xE 22 +
{ E i J E +x E{x x +lMi E E
J * E{x E Bx{B + nMv +i { |vx
=i{z c j +lMi E +i * il{ E{h
fM +lMi E ni+ E iE +lMi E
+i E +Yi E M + < |E <E Ji
{ E< | x {c * +lMi E +i + ni+
E h < |E :
8.
31.03.2010 E lli
Particulars
As on 31.03.2010
i @h (|)
31.03.2011 E
lli
(Charge ) / Credit
for the year
As on 31.03.2011
E Eh +lMi E ni
Deferred Tax Liability on account of depreciation
5,402,630
27,580
5,430,210
5,402,630
27,580
5,430,210
9. + + E +{iEi ={v Sx E +x EB
9.
10. i xn JE lx u V J xE
Related Party disclosures as required in terms of Accounting standard ( AS 18 ) Related Party Disclosures
issued by the Institute of Chartered Accountants of India
are as under :
bM E{x
|J |vx EE
Holding Company
2010-11
2009-10
6,180,841
5,617,941
314,791
235,546
256,571
262,111
50,000,000
50,000,000
3,317,020
6,158,800
12,495
177
2010-11
2009-10
1,302,653
1,162,438
59,511
J E M E { +xS
+E <xx .
J E M E { +xS
+E <xx .
/In ` )
2010-11
738,259
118,061
62,843
(19,246)
(371,365)
528,552
and closing balances of fair
( ` /In ` )
2010-11
E | xVi +i E =Si / Fair value of Plan Assets at the beginning of the year
xVi +i { +{Ii |i / Expected return on plan Assets
EE /(x)/Actuarial Gain / (Losses)
ES E +nx / Contributions by Employer
371,365
+n EB MB / Benefits Paid
(371,365)
E +i xVi +i E =Si / Fair value of Plan Assets at year end
c. Reconciliation of fair value of assets and obligations
M. +i + ni E =Si E vx
( ` /In ` )
31st March,2011
528,552
528,552
d.
(`
/In ` )
2010-11
31st March,2011
8.25%
7.00%
18. Previous years figures have been rearranged / regrouped
wherever necessary, to make those comparable with the
corresponding figures for the current year.
Signatories to the Schedules A to Q
V.{. n+ / J. P. Dua
+vI / Chairman
i n
Subrata De
{]x
{. E. M{i / P. K. Gupta
xnE / Director
Partner
179
ix{j B E{x E x {J
BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE
I.
II.
III.
x / Nil
x / Nil
IV.
540,984
E +i / Total Assets
540,984
150,000
+Ii B +v /
323,635
x / NIL
xv E |M / Application of Funds
17,598
107,250
S x /
x / Nil
Accumulated Losses
x / Nil
x / Investments
348,787
v / Misc. Expenditure
x / Nil
14,440
x / Nil
: (+) 43,551
E E n /(x)
Profit/(Loss) After Tax
: (+) 27,951
/ Dividend Rate %
|i + (. )
Earning Per Share (in Rs)
V.
18.63
V.{. n+ / J. P. Dua
+vI / Chairman
{. E. M{i / P. K. Gupta
xnE / Director
lx / Place : EEi / Kolkata
nxE / Dated : 23.04.2011
180
J{IE E {]
muJt
AUDITORS REPORT
TO THE MEMBERS
b m=gdK,
+E <xx ]b,
1.
2.
3.
4.
5.
6.
1.
2.
3.
E{x x i |ii B x b S] E i
25.07.2008 ix E B {VEh |h{j E xEi
E V +{Ii E nE {x: xEi E V Ei
* < { E{x 11.05.2005 iE i V E M
EM k E{x E { {VEi l* E M EM k
E{x E +iMi Miv n E n M< l Ei {U
Miv vi EU Ji + S *
4.
5.
6.
181
J) , V iE E VS {i Si
, E{x u v E +{I E +x{ Si J
J M< *
M) < {] i ix-{j, -x J B xEn
| h E{x E J Ji *
P) < {] E v ix {j, x Ji
+ xEn | h E{x +vx 1956 E v
211 E ={v (3) ni J xE E +x
;
S) il k VxE + nB MB
{]Eh E +x Eli k J YJk stu rfU tuFt
ler;gt fuU mt: vrX; ni il =xE ]{{h V Mx
, E{x +vx 1956 u xvi { VxE
|nx Ei B xi: i Ei J ri
E +x{ + x{I li |ii Ei :
i)
ii)
iii)
i b
{]x
ni . 54962
Ei b Bb
xn JE
VUbo vksefUhK mk. 302175E
i)
Date: 23rdApril,2011
Place : Kolkata
182
Subrata De
Partner.
Membership No. 54962
For & on behalf of
DE & BOSE
Chartered Accountants
Firm Registration No. 302175E
il E {] E { 3
ni +xv
. +E <xx ]b
1.
b. It has been explained that all the assets have not been
physically verified by the management during the year,
but there is a regular program of verification which ,
in our opinion, is reasonable having regard to the size
of the Company and nature of its assets. No material
discrepancies between the book records and the
physical inventory have been noticed.
c. In our opinion and according to the information and
explanations given to us, any substantial part of the
fixed assets has not been disposed of by the Company
during the year.
2.
3.
5.
6.
183
7. E{x E +E il E |Ei E +x
E{x E { xn JE E J {I
Ex E BE +iE |h *
8. Exp E x E{x +vx, 1956 E v 209(1)(P) E
+iMi E{x E Mi Eb B J Jx i xvi x
E *
9. (E) n M< Sx + {]Eh il u VS
EB MB E{x E +J E +x E{x xv,
+ E, E, ={ E il +x iiE vE
n i +ni vE n E Si |vE
E V Ex E xi *
7.
8.
9.
v E x
n E {
E S { n i
+E
+vx, 1961
+E
xvh 2003-04
+<.].B.]. EEi S
Income Tax
Act, 1961
Income Tax
A.Y. 2003-04
+E
+vx, 1961
+E
xvh 2004-05
Income Tax
Act, 1961
Income Tax
A.Y. 2004-05
+ E
xvh 2005-06
+E +H (+{)
Income Tax
Act, 1961
Income Tax
A.Y. 2005-06
Commissioner of Income
Tax ( Appeals )
+E
xvh 2006-07
Income Tax
Act, 1961
Income Tax
A.Y. 2006-07
+E
+vx, 1961
+E
xvh 2007-08
Income Tax
Act, 1961
Income Tax
A.Y. 2007-08
+E
+vx, 1961
+E
xvh 2008-09
Income Tax
Act, 1961
Income Tax
A.Y. 2008-09
627.62
+<.].B.]. EEi S
+E
+vx, 1961
+E
+vx, 1961
(< J )
Amount ( < in lacs )
70.52
23.44
+E +H (+{)
Commissioner of Income
Tax ( Appeals )
15.32
+E +H (+{)
Commissioner of Income
Tax ( Appeals )
55.18
+E +H (+{)
Commissioner of Income
Tax ( Appeals )
8.07
10
11
184
12
13
14
15
16
17
18
19
20
21
c{i b
{]x
ni . 54962
Ei b Bb
xn JE
VUbo vksefUhK mkgt 302175E
Place : Kolkata
Date: 23.04.2011
185
Subrata De
Partner.
Membership No. 54962
For & on behalf of
DE & BOSE
Chartered Accountants
Firm Registration No. 302175E
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Allahabad Bank
Head Office: 2, N. S. Road
Kolkata 700 001
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To
The Board of Directors
Allahabad Bank
This is to certify that
(a) We have reviewed financial statements and the cash flow statement for the year 2010-2011 and that to the best of our
knowledge and belief:
(i)
these statements do not contain any materially untrue statement or omit any material fact or contain statements
that might be misleading.
(ii)
these statements together present a true and fair view of the Banks affairs and are in compliance with existing
accounting standards, applicable laws and regulations.
(b) There are, to the best of our knowledge and belief, no transactions entered into by the Bank during the year which are
fraudulent, illegal or violative of the Banks code of conduct.
(c)
We accept responsibility for establishing and maintaining internal controls for financial reporting and that we have
evaluated the effectiveness of the internal control systems of the Bank pertaining to the financial reporting and we
have disclosed to the auditors and the Audit Committee, deficiencies in the design or operation of such internal
controls of which we are aware and the steps we have taken to rectify the deficiencies.
that no significant changes in internal control over financial reporting has been made during the year 2010-11,
(ii)
that no significant changes in accounting policies has taken place during the year,
(iii) the instances of significant fraud of which we become aware and the involvement therein, if any, of the management or an employee having a significant role in the Banks internal control system over financial reporting.
( J. P. Dua)
Chairman & Managing Director
(A. B. Bhattacharjee)
General Manager ( F & A) & CFO
Place: Kolkata
Date: 02.05.2011
188
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189
Form B
Form of Proxy
( To be filled in and signed by the shareholder member)
I/We resident of in
the district of in the state of
being a share holder(s) of Allahabad Bank,, hereby appoint Shri/Smt.
resident of in the district of
- or failing him/her. Shri/Smt
resident ofin the district of in the state of
as my /our proxy to vote for me/us and on my/our behalf at the Nineth Annual General
Meeting of the Shareholders of the Allahabad Bank to be held on Friday, the 10th June 2011 at 10.30 a.m. Purbashree
Auditorium at Eastern Zonal Cultural Center, Bharatiyam Cultural Multiplex, IB-201, Sector-III, Salt Lake City, Kolkata-700106,
and at any adjournment thereof.
Signed this day of 2011
Please affix
One Rupee
Revenue
Stamp
An instrument of proxy in which the thumb impression of the shareholder is affixed, will be valid provided it is attested by a Judge,
Magistrate, Registrar or Sub-Registrar of assurance or any other Government Gazetted Officer or an Officer of Allahabad Bank.
3. The Proxy together with
(a) the power of attorney or other authority ( if any) under which it is signed or
(b) a copy of that power of Attorney or Authority , certified by a Notary Public or a Magistrate, should be deposited at the Head
Office, Allahabad Bank, not later than FOUR days before the date of Nineth Annual General Meeting, i.e. on or before the
close of business hours on Monday, 6th June, 2011.
4. In case of relevant power of attorney is already registered with Allahabad Bank or its Share Transfer Agent , the registration number
of power of attorney and date of such registration may be mentioned.
5. No proxy shall be valid unless it is duly stamped and signed.
6. An instrument of proxy deposited with the Bank shall be irrevocable and final.
7. In case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be executed.
8. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the Annual General Meeting
to which such instrument relates.
9. No person shall be appointed as duly authorized representative or a proxy who is an officer or an employee of Allahabad Bank.
10. No instrument of proxy shall be valid unless it is in Form B.
190
-----------------------------------------------------------------------------------------------------------------------------------------------------------
ALLAHABAD BANK
H.O: 2, Netaji Subhas Road, Kolkata-700 001
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191
Bank Name
________________________________
B.
________________________________
________________________________
________________________________
D.
________________________________
E.
________________________________
F.
________________________________
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 Allahabad Bank responsible.
Mail to
M/S MCS Limited
Unit: Allahabad Bank
77/2A, Hazra Road
Kolkata-700 029
Please attach a photocopy of a Cheque Leaf or a blank cancelled cheque issued by your bank relating to your above account
for verifying the accuracy of the code numbers.
In case you are holding shares in demat form, kindly send the ECS Mandate to the concerned Depository Participant
directly, in the format prescribed by the DP.
* The Bank Branch should be under CBS for credit of Dividend through ECS
192