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2012-2013
2013-2014
2775.46
2784.52
0.33%
9687
35.54%
7147
Change(%)
Total Investments
12711.94
13561.52
6.68%
Total Deposits
16543.54
19230.19
16.24%
Daily Deposits
509.56
1004.10
97.05%
Total Advances
3301.18
4664.00
41.28%
Interset Income
1461.68
1796.86
22.93%
22307.04
23838.92
6.87%
Total Assets/Liabilities
PROFITABILITY:
The Bank continued to deliver a steady growth in
both business and earnings, in the midst of
staggering economic growth. The deposits of the
Bank have increased substantially showing a growth
of 16.24% and the Daily Deposits almost doubled
since last year. Despite a challenging year marked by
slow growth, persistent inflation, currency volatility
and high interest rates we managed a profit of at
`46.47 Lacs for the Financial Year 2013-2014.
Operating Incomes have increased by 23.01% while
the non operating income has shown a considerable
increase to `165.38 Lacs.
DEPOSITS:
The total deposits of the Bank for the Financial Year
2013-2014 stands at `19230.19 Lacs which is up by
16.24% compared to last year. The success of the
Advances
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2013-14
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SHARE CAPITAL:
The share capital of the Bank stands at `2784.51
Lacs as on 31st March 2014. The share membership
of the Bank has increased from 7147 members to
9687 members as on 31.03.2014. The total nominal
members of the Bank were 2138 as on 31.03.2013
which have increased to 2514 as on 31.03.2014.
INVESTMENTS:
The Bank ensures adequate liquidity position before
deploying funds so that liquidity is not adversely
affected. The Bank also fulfills the prescribed CRR
and SLR Norms from time to time. The Bank has
invested the excess money in SLR securities under
AFS category of investment. All investments are
done after an analytical study of the market and
considering the ALM Buckets. The Bank ensures that
there is no negative mismatch in the first two
buckets which shows that the liquidity of bank is
st
adequate. As on 31 March, 2014, the book value of
investments made in various Central and State
Government amounts to `13561.52 lacs which
comprises of `4772.44 lacs in Government approved
securities.
AUDITORS:
The Bank is guided by a strong policy framework
with robust internal control guidelines and a
supervisory system to overview the day to day
functioning of the operations. A well informed
Internal Audit team comprising of vigilant officers
supervises the daily functioning at the Branch level
and the Head Office. The Bank has also appointed
various Concurrent Auditors for various Branches
and Information System Auditor in tune with the RBI
Guidelines. The External auditors alongwith the
Internal auditors ensure a stringent compliance of
Bank policies and guidelines.
STATUTORY COMPLIANCE:
The Board of Directors informed the members that
during the Financial Year 2013-2014, the Bank
complied with all the Statutory provisions and all the
prescribed monthly, quarterly and yearly returns
were submitted to the Reserve Bank of India and the
Registrar of Co-operative Societies without delay.
The Bank has also adopted the various XBRL format
of reporting as prescribed by RBI for filing of the
monthly, quarterly and annual returns. There was no
violation of any statutory or regulatory compliance
prescribed by Reserve Bank of India.
Based on norms of Audit Classification of Primary
(Urban) Co-operative Bank HCBL Co-operative
Bank Limited is awarded as grade A for the
Financial Year 2013-2014.
BOARD OF DIRECTORS:
The Board of Directors of the Bank is a fine blend of
professionals in different fields of accounting, law,
finance, banking and insurance. The various
decisions and policies implemented in the Bank are
subject to the various rounds of discussion and
analytical study by the Directors, who lend their rich
experience and expertise, in the best interest of the
Bank. Presently, the Board is headed by Shri Anil
Vikram Singh as the Chairman and Shri Ram Sudhar as
the Vice Chairman. There are 12 elected Directors
and two co-opted directors having remarkable
professional experience and expertise.
S.No.
Name of Director
Remarks
Professional
Director
(Banking)
Professional
Director (Legal)
S.No.
Name of Director
Smt.Putul Dey
Smt.Mithlesh Khare
B.A., Housewife
Shri.Pushkal Singh
Smt.Madhuri Johri
M.A ,Housewife
Smt.Chandana
Chatterjee
10
Smt.Vandana Mehrotra
Remarks
Professional
Director
(Finance
and Insurance)
11
Dr.(Smt.)Pratibha
Thukral
12
13
Shri.K.C.Misra
th
.
manage our banking services, it has in-built
capability of clustering of disk and single point of
control for management of various servers
running in the single chassis. There are various
services controlled by our Data Centre like
Banking application software, ATM applications,
SMS Services, Intranet Banking application etc.
There are various in-house services that are also
running and managed by our data centre to
facilitate the employees of our bank like E-Mail
services which are managed by e-mail server and
personalized data storage facility which is
managed by file server. We are also managing web
server for running our website with our in-house
data centre through Domain Name Server (DNS).
For better security of our bank's network we are
also managing our own Anti-virus Server in the
Data Center. Our Data Center is equipped with
latest networking equipments which is powered
by CISCO. There are various Switches, Routers
and Firewalls which are fully configured and
provide us robust network, so that we are able to
provide better network access to our end users.
n
Innovative Machines: The bank is equipped with
the modern machines based on the modern
technology. The best example is our E-Lobby
which consists of Automated Teller Machines,
MEGA BANKER Machine which is a comprehensive
machine comprising of the Cash collection
machine, Cheque depositor machine, Pass Book
printing and statement printing machines.
Besides, the Bank also uses other machines like
Coin Dispensers, to meet the needs of coins of
customers, cheque deposit machines and pass
book printing machines. A note sorter machine of
the highest make and composition is also used by
the Bank for sorting currency notes.
n
Use of technology for security: As far as security
is concerned, the bank has never compromised
th
NAME OF TOPIC
FACULTY NAME
Nomination Guidelines
Features and Importance of CTS Cheque books Mr.Pramod Kumar SinghMBA, JAIIB
Business Communication skills and business
Mr. Ram Sudhar- M.Com, CAIIB
skills
Diploma in Business & Finance
(Retd.Banker from RBI)
Accounting Entries
10
11
Ratio Analysis
Mr.Mohit Kapoor- CA
12
Basics of Taxation
13
.
the able leadership and guidance of its C.E.OShri Pawan Kapoor and his untiring efforts in
this direction were acknowledged by the Indian
Organisation for Commerce and Industry by
awarding him with the Indian Achievers
Award-2008.
n
The Bank has also won the Banking Frontiers
Award-2011 for Technological Innovations for
implementing the latest and most innovative
technology in its day to day Banking procedures.
n
Our Bank has been awarded the ISO
Certification ISO 9001:2008 Certification for
Quality Management System & ISO 27001:2005
Certification for Information SecurityManagement System. The certification has been
obtained from world's leading certification bodyQuality Austria.
n
Our Bank has also been awarded the
prestigious Excellence Award for Co-operative
Bank Development for the year 2012 awarded
by Global Achievers Foundation. The award is
honoured to selected people and organizations
working incessantly in the Co-operative Sector
and who have taken the lead in the contemporary
banking systems, services and quality
achievements.
n
Banking Frontiers appreciated the Banks
effort in the direction of Financial Inclusion and
the unique concepts of E-Lobby & Banking Mall by
awarding the Bank with the prestigious Best
Alternate Channel Project Award-2012 &
Best Payment Project Award-2012.
QUALITY POLICY:
HCBL Bank believes in optimum satisfaction of our
esteemed customers and contributes to the growth
of customers wealth and overall development of the
country's economy and deliver the best returns to
our shareholders. We look forward towards creating
a model co-operative bank in the country of an
international level and equipped with all the latest
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Sd/(Pawan Kapoor)
Secretary