2013 PDF

ANNUAL REPORT
2012-13
PDF processed with CutePDF evaluation edition www.CutePDF.com
` 251
.
( ): , , .
, , ,
,
.. .
Bank contributed ` 251.00 lakhs towards Chief Minister's Relief
Fund (Drought 2013) for Drought Relief.
Seen in photo (L-R): Shri. S. Bharatkumar, General Manager,
Planning, Shri Narendra Singh, C & MD, Shri Prithviraj
Chavan, Chief Minister, Maharashtra, Shri. P. M. Khan,
General Manager, Mumbai City Zone.
,
. . `` ''
(, )
( : 100% 98.4% )
.
Chairman and Managing Director, Mr Narendra Singh and
Executive Director, Mr. C VR Rajendran, felicitating two Maha
Bank Meritorious Scholarship awardees Ms Payal Vilas Chavat
from Varvand Dist Pune and Ms Isha Anirudha Patankar, who
secured 100% and 98.4% marks respectively.
, ` 2.00 .
( ): ,
, , ,
, , . ,
.
Bank donated ` 2.00 lakhs to Shri Apang Vikas Mandal
Saswad.
Seen in photo (L-R): Shri Balasaheb Zende, Founder, Shri
Apang Vikas Mandal Saswad, Shri Shashikant Mukim, Branch
Manager, Saswad branch, Shri. S. Bharatkumar, General
Manager, Planning & Shri Sanjay Rudra, Zonal Manager, Pune
East Zone.
Annual Report 2012-13
INDEX
.
Contents
No.
Page No.
1.
Board of Directors
2.
General Managers
3.
hilw
Progress at a glance
4.
Statement of Chairman & Managing Director
5.
il il }
Directors Report
16
d
0DQDJHPHQW'LVFXVVLRQDQG$QDO\VLV

ilil
3HUIRUPDQFHLQ

dh
2UJDQLVDWLRQDQG6XSSRUW6\VWHP

wilil
6RFLDO%DQNLQJ

ilil wh wh
,PSRUWDQW6FKHPHV3URMHFWVRIWKH%DQN

wil
&RUSRUDWH6RFLDO5HVSRQVLELOLW\

d ilw
/HDG%DQN6FKHPH

ilil lfdwh
6XEVLGLDULHV-RLQW9HQWXUHVDQG6SRQVRUHG,QVWLWXWLRQV

wilil
,PSOHPHQWLRQRI2IFLDO/DQJXDJH3ROLF\

il il w ilil
'LUHFWRUV5HVSRQVLELOLW\6WDWHPHQW

il
&KDQJHVLQWKH%RDUGRI'LUHFWRUV

d
$FNQRZOHGJHPHQWV

6.
il}ilil }
Report of the Board of Directors on Corporate Governance
44
7.
Balance Sheet
62

n
3URW /RVV$FFRXQW

n
6LJQLFDQW$FFRXQWLQJ3ROLFLHV

n }
1RWHVRQ$FFRXQWV

11.
il il
6WDWHPHQWRI&DVK)ORZ

12.
nil il }
$XGLWRUV5HSRUW

13.
il
Consolidated Financial Statement
115
STATUTORY AUDITORS

nil

nil
e

nil

N. Kumar Chhabra & Co.

&KDUWHUHG$FFRXQWDQWV
&KDQGLJDUK
DSP & Associates

1HZ'HOKL
Kirtane & Pandit

3XQH

m fvgj
nil
hf
m fvgj
nil
ilil
fvgj
nil

J C Bhalla & Co.

1RLGD83
G Basu & Co.

.RONDWD
Singh Ray Mishra & Co.

%KXEDQHVKZDU
{fgjm PROGRESS AT A GLANCE

(ìl (` in crores)
2010-11
2011-12
2012-13

il ìl %XVLQHVV3HU(PSOR\HH`FURUH

il ` n 3URW3HU(PSOR\HHÒDNK

dd d 5HWXUQRQ$YHUDJH$VVHWV

ildwildd *URVV13$5DWLR

dwildd 1HW13$5DWLR

d 3URYLVLRQ&RYHUDJH5DWLR

wd &UHGLW'HSRVLW5DWLR

hh ilil 3ULRUL\&UHGLWWR$GMXVWHG1HW%DQN&UHGLW

w 3DLGXS&DSLWDO
d 5HVHUYHV
gjm Total Deposits
% *URZWK
ilw ilild &$6$6KDUHLQ7RWDO'HSRVLWV
Advances
% *URZWK
nd 5HWDLO$GYDQFHV
Priority Sector Advances
il $JULFXOWXUH
il $JULFXOWXUH'LVEXUVDO
Micro and Small Enterprises
dnil il d $GYDQFHVWR0LQRULW\6HFWLRQV
dwdwwil il d $GYDQFHVWR6&67&OLHQWV
Export Credit
ild 7RWDO,QFRPH
il 7RWDO([SHQGLWXUH
2SHUDWLQJ3URW
1HW3URW
nd il n 1XPEHURI%UDQFKHV
h}hil n 1XPEHURI$70V
6HOI+HOS*URXSV1R
(%) Key Performance Ratios (%)

w d,, &DSLWDO$GHTXDF\5DWLR%DVHO,,
d` (DUQLQJ3HU6KDUH`
` %RRN9DOXH3HU6KDUH`
dd &RVWWR,QFRPH5DWLR
: '',
mz
gjmgj gjgj
gjb gjbj
r gjbxxgj

10th Annual General Meeting of
Bank of Maharashtra
held on 14th June 2013, at
+HDG2IFH/RNPDQJDO
Shivaji Nagar, Pune,
Chairman and Managing
'LUHFWRUV$GGUHVV

Shri Narendra Singh
Chairman & Managing Director
il
Dear Shareholders,
dililil ilil dilil h

il h dil il il il } il h d
il il il } n
dil d dil d e
il iled dild
il dil d l il w il il
il il
,KDYHJUHDWSOHDVXUHLQZHOFRPLQJ\RXWRWKH7HQWK$QQXDO*HQHUDO
0HHWLQJ RI \RXU %DQN DQG SODFLQJ EHIRUH \RX WKH$QQXDO 5HSRUW RI
\RXU %DQN IRU WKH QDQFLDO \HDU 7KH 'LUHFWRUV
5HSRUW DQG
WKH $XGLWHG )LQDQFLDO 6WDWHPHQWV IRU WKH \HDU HQGHG VW 0DUFK
DUH DOUHDG\ ZLWK \RX DQG ZLWK \RXU SHUPLVVLRQ , WDNH WKHP
DVUHDG$WWKHRXWVHW,ZRXOGOLNHWRWKDQN\RXIRU\RXUFRQWLQXRXV
WUXVW VXSSRUW DQG SDWURQDJH ZKLFK KDV HQDEOHG WKH %DQN SURJUHVV
WKURXJKWKHFKDOOHQJLQJVLWXDWLRQV
%HIRUH , GHOLEHUDWH RQ WKH %DQN
V SHUIRUPDQFH , ZRXOG OLNH WR WRXFK
XSRQ WKH HFRQRPLF DQG EDQNLQJ HQYLURQPHQW LQ ZKLFK \RXU %DQN
SHUIRUPHGGXULQJWKH\HDU
ililil il dilil il~

ilwild dilil ilil
Macroeconomic Environment in FY 13
| rb~gj{z
(FRQRPLF DFWLYLWLHV LQ PDMRU JOREDO HFRQRPLHV LQ VKRZHG

GLYHUJHQW JURZWK SDWKV 7KH 86 HFRQRP\ FRQVROLGDWHG WKH VORZ
UHFRYHU\ IURP WKH SUHYLRXV \HDU -DSDQHVH HFRQRP\ QRW RQO\ VWRSSHG
FRQWUDFWLQJ EXW VKRZHG SHU FHQW H[SDQVLRQ LQ WKH IXOO \HDU 2Q WKH
RWKHUKDQGWKH(XURSHDQHFRQRPLHVVKRZHGFRQVLGHUDEOHGHFHOHUDWLRQ
LQ HFRQRPLF JURZWK PRVWO\ EHFDXVH RI UHFHVVLRQDU\ FRQGLWLRQV LQ
WKH (XUR DUHDV 6ORZGRZQ LQ WKH (PHUJLQJ 0DUNHW DQG 'HYHORSLQJ
(FRQRPLHV ('(V FRQWLQXHG LQ ZKLFK ZDV PRUH SURQRXQFHG LQ
&KLQDDQG,QGLD$OOLQDOOJOREDORXWSXWJURZWKVORZHGGRZQWRSHU
FHQWLQIURPSHUFHQWLQ
n il dd dil

h~ f hhde
wil d il}il il il il
e d il ilild
dilil e f wdilild
w w ild dilne
ilf il ilil e
il dil il il
w il il fil
il il }il e
n w ililfdd n e
,QGLD
V HFRQRPLF JURZWK UDWH VORZHG WR TXDUWHU ORZ LQ WKLUG TXDUWHU
RI)<WRSHUFHQW*URZWKUDWHLQ*URVV'RPHVWLF3URGXFW*'3
IRU WKH IXOO \HDU GHFHOHUDWHG WR SHU FHQW LQ )< IURP SHU FHQW
LQ )< 7KH VORZGRZQ ZDV VHHQ LQ DOO PDMRU VHFWRUV OLNH DJULFXOWXUH
PDQXIDFWXULQJFRQVWUXFWLRQDQGQDQFLDOVHUYLFHV
ilililil dil e l ililw

h ilile
'RPHVWLFLQDWLRQDVPHDVXUHGWKURXJKZKROHVDOHSULFHLQGH[VRIWHQHG
GXULQJWKH\HDUWRWKHOHYHORILQ0DUFK

ilw il il dil
ilile ild ilild
dil il d d
ilililil n}hd f
dil fil
+LW E\ WKH ZHDN JOREDO GHPDQG H[SRUWV VKRZHG QHJDWLYH \HDU RQ \HDU
JURZWKLQPRVWSDUWRIWKH\HDU,PSRUWVH[SDQGHGE\PRUHWKDQSHU
FHQW PRVWO\ GXH WR LQFUHDVH LQ LPSRUW RI RLO DQG JROG &XUUHQW DFFRXQW
GHFLW &$' UHDFKHG WKH DOO WLPH KLJK RI SHU FHQW RI *'3 LQ WKLUG
TXDUWHURIGXHWRQHJDWLYHJURZWKLQH[SRUWVLQPRVWSDUWRIWKH
\HDUDQGULVLQJRLODQGJROGLPSRUWV
gj
dilililil il w il
n ilil
ilil
Banking Scenario
,Q YLHZ RI WKH VORZHU HFRQRPLF JURZWK GHSRVLW JURZWK ZDV RQO\
SHU FHQW LQ HQG0DUFK 1RQIRRG FUHGLW H[SDQVLRQ DOVR VORZHG
GRZQ WR SHU FHQW LQ 0DUFK IURP DERXW SHU FHQW LQ WKH
EHJLQQLQJRIWKH\HDU
il fil
f il il h w il d wil il il
d il d dd il il d
h d il d hhd il h il il
il eil dl w il n w dhd il
` ilfile
/LTXLGLW\FRQGLWLRQUHPDLQHGPRVWO\XQGHUSUHVVXUHWKURXJKRXWWKH\HDU
,Q RUGHU WR IDFLOLWDWH DYDLODELOLW\ RI DGHTXDWH IXQGV IRU WKH SURGXFWLYH
VHFWRU WKH 5HVHUYH %DQN ORZHUHG WKH &55 RI 6&%V FXPXODWLYHO\ E\
ESV RQ WKUHH RFFDVLRQV DQG WKH VWDWXWRU\ OLTXLGLW\ UDWLR 6/5 E\
ESV GXULQJ WKH \HDU ,Q DGGLWLRQ WR WKDW WKH 5HVHUYH %DQN LQMHFWHG
OLTXLGLW\ WR WKH WXQH RI ` ELOOLRQ WKURXJK RSHQ PDUNHW RSHUDWLRQ
202
gjgjgj
dild iln dilililil
ilil
Performance of the Bank

1RZ , SODFH EHIRUH \RX DQ DQDO\VLV RI WKH SHUIRUPDQFH RI \RXU %DQN
GXULQJWKH\HDURQPDMRUSDUDPHWHUV
Business
dilililililil ` ilil

il w il hil ` ilil
7KH WRWDO EXVLQHVV RI \RXU %DQN UHDFKHG D OHYHO RI ` FURUH
DV RQ IURP ` FURUH DV RQ UHFRUGLQJ D
JURZWKRI
il il il w il ` il il

il h il ` il e il
w d w ~ il
wil f il w il e il w
il w ilw ililf
hil
7KH WRWDO GHSRVLWV LQFUHDVHG WR ` FURUH DV RQ IURP
` FURUH DV RQ VKRZLQJ D JURZWK RI 7KH
ORZ FRVW GHSRVLWV LH FXUUHQW DQG VDYLQJV GHSRVLWV JUHZ E\
RYHU WKH SUHYLRXV \HDU ZKLOH WKH KLJK FRVW EXON GHSRVLWV KDYH GHFOLQHG
E\ 7KH VKDUH RI ORZ FRVW FXUUHQW DQG VDYLQJV GHSRVLWV WR WRWDO
GHSRVLWVDWZDVRQHRIWKHKLJKHVWLQWKH%DQNLQJ,QGXVWU\
7KH *URVV $GYDQFHV LQFUHDVHG WR ` FURUH DV RQ
from ` FURUH DV RQ UHJLVWHULQJ D JURZWK RI DOPRVW

ildil ` ilil w

il hil il ` il
ilildilililililililh ilil
&KDLUPDQ 0DQDJLQJ'LUHFWRU([HFXWLYH'LUHFWRUDQG'LUHFWRUVRQWKH%RDUGDQGVHQLRUH[HFXWLYHVRIWKH%DQNRQWKHGDLV
ilild wilil h
6KDUHKROGHUVUHJLVWHULQJWRDWWHQGWKH$QQXDO*HQHUDO0HHWLQJ
il il w d il w il

il
7KH &UHGLW 'HSRVLW 5DWLR RI WKH %DQN DV RQ VWRRG DW
DVDJDLQVWDVRQ
ildililil fil dil

il ` ilil il ` il
n ` il il ` il
3URGXFWLYLW\ RI \RXU %DQN KDV LPSURYHG VXEVWDQWLDOO\ GXULQJ WKH \HDU
%XVLQHVV SHU (PSOR\HH KDV JURZQ WR ` FURUH DV RQ
from ` FURUH DV RQ DQG WKH %XVLQHVV SHU %UDQFK WR
` FURUHIURP` FURUH
,QFRPHDQG(DUQLQJV
b{~bm
7KHWRWDOLQFRPHLQFUHDVHGWR` FURUHGXULQJWKH\HDUHQGHG
IURP ` FURUH IRU WKH \HDU HQGHG
VKRZLQJ D JURZWK RI 'XULQJ WKLV SHULRG WKH LQWHUHVW LQFRPH
on advances increased to ` FURUH IURP ` FURUH
UHJLVWHULQJDJURZWKRI
il il il il d ` il w

il il h il `
il e ild wdil w il h
` il il ` il e
wd~ ` il w il
il w il ` il e
7KH 1HW ,QWHUHVW ,QFRPH ZDV ` FURUH IRU WKH \HDU HQGHG
DV DJDLQVW ` FURUH IRU WKH SUHYLRXV \HDU VKRZLQJ
DJURZWKRI
dililil wdnwil ~il

~ ` il w il il
w il h ` il eilddil ilh
dilil f w il hdlf
d hhh il il e d eim} il e} e il
ililnw ~ il ` il
il ` il
7KH QRQLQWHUHVW LQFRPH RI \RXU %DQN IURP FRUH RSHUDWLRQV H[FOXGLQJ
WUHDVXU\ WUDGLQJ SURWV LQFUHDVHG WR ` FURUH IRU WKH \HDU
HQGHG IURP ` FURUH IRU WKH SUHYLRXV \HDU VKRZLQJ
D JURZWK RI 7R LPSURYH WKH IHH EDVHG LQFRPH \RXU %DQN
IRFXVHG RQ WKH GLVWULEXWLRQ RI WKLUG SDUW\ SURGXFWV OLNH GHSRVLWRU\
VHUYLFHV LQVXUDQFHPXWXDO IXQG SURGXFWV $6%$ HFROOHFWLRQ RI WD[HV
DQG HWUDGLQJ RI HTXLW\ HWF 7KH SURW IURP WKH WUHDVXU\ RSHUDWLRQV
improved to ` FUIURP` FURUHLQWKHSUHYLRXV\HDU
il ` il w

il d il w il h
` il e f il h n il d d
d}l il
7KH 2SHUDWLQJ SURWV KDYH VKRZQ D UHPDUNDEOH ULVH IURP ` 1,515.24

FURUH IRU WKH \HDU HQGHG WR ` FURUH IRU WKH \HDU
HQGHG UHJLVWHULQJ D KHDOWK\ JURZWK RI RQ <R<
EDVLV7KHPDMRUFRQWULEXWLQJIDFWRUVIRUWKLVDFKLHYHPHQWDUHJURZWKLQ
RWKHULQFRPHDQGUHODWLYHO\VORZJURZWKLQVWDIIH[SHQGLWXUH

dililil ` ilw ild
hil ` il
7KH 1HW 3URW RI \RXU %DQN IRU WKH \HDU HQGHG ZDV
` FURUH DV DJDLQVW ` FURUH IRU WKH SUHYLRXV \HDU
VKRZLQJJURZWKRIRQ<R<EDVLV
{bm
il w n e d il il h il
ilhil w il w il
il il e
Cost, Yield & Margin

7KH \HDU ZLWQHVVHG FRQVLVWHQW KDUGHQLQJ RI WKH LQWHUHVW UDWHV DQG LW
ZDV D FKDOOHQJH IRU WKH EDQNV WR FRQWURO FRVW RI UHVRXUFHV7KH FRVW RI
GHSRVLWVZKLFKZDVIRUWKH\HDUHQGHGLQFUHDVHGWR
IRUWKH\HDUHQGHG
d il dil il il l il

ilw il d fild d il il il
eild dw ~
ilil e
2Q WKH RWKHU KDQG WKH GLIFXOW HFRQRPLF FRQGLWLRQV ZHDNHQHG SULFLQJ
SRZHU RI EDQNV DQG UHVWULFWHG SDVV RQ RI WKH FRVW WR ERUURZHUV $V D
UHVXOWWKH\LHOGRQDGYDQFHVRQO\PDUJLQDOO\URVHWRIRUWKH\HDU
HQGHGIURPIRUWKHSUHYLRXV\HDU
dwild dhilw ilil

dil deil filhn il
$ UREXVW FUHGLW PRQLWRULQJ V\VWHP DQG VXEVWDQWLDO UHFRYHU\ LQ QRQ

SHUIRUPLQJ DVVHWV KDV HQDEOHG WKH %DQN WR NHHS XS WKH DVVHW TXDOLW\
DQGLWVSURGXFWLYLW\
il wwhdeh
7KH 1HW ,QWHUHVW 0DUJLQ 1,0 IRU WKH \HDU HQGHG VWRRG DW

d dil w ililil

n ~ }l } il il il
il
7KH FRVW WR LQFRPH UDWLR FDPH GRZQ WR DV RQ IURP
DV RQ ZKLFK ZDV PDLQO\ GXH WR FRQVLGHUDEOH VORZ
JURZWKLQVWDIIFRVWRYHUWKHSUHYLRXV\HDU
b{b{
il d filil ddh
hil w d d e d d
e} dil w il il e
dweh il ` ile `
edilil ` n il ` nd
n ` n il ` nd
2WKHU3URWDELOLW\5DWLRV
$ VRXQG IRXQGDWLRQ LQGLFDWLQJ WKH JDLQV RQ WKH SURGXFWLYLW\ IURQW ZDV
UHHFWHG LQ YDULRXV SURWDELOLW\ UDWLRV DV DW 5HWXUQ RQ
$VVHWV 52$ IRU WKH \HDU ZDV KLJKHU E\ EDVLV SRLQWV DQG VWRRG
DW DV DJDLQVW IRU WKH SUHYLRXV \HDU (DUQLQJ SHU 6KDUH
(36 LPSURYHG WR ` IURP ` RI WKH SUHYLRXV \HDU 3URW SHU
(PSOR\HHJUHZIURP` ODNKVWR` ODNKVDQG3URWSHU%UDQFK
from ` ODNKVWR` ODNKGXULQJWKLVSHULRG

il dwil d il il h d h n
ilfilhhil il h il
dil il e fil} il il dil il il il dwil
d il il il il il il
il dwil d il il il
il il il il ilw d
Asset Quality
'XULQJ WKH \HDU LW ZDV D FKDOOHQJH IRU WKH EDQNLQJ LQGXVWU\ WR PDLQWDLQ
DVVHW TXDOLW\ E\ FRQWDLQLQJ WKH LQFLGHQFH RI 13$ , DP KDSS\ WR LQIRUP
\RXWKDW\RXU%DQNKDVGRQHH[FHSWLRQDOO\ZHOORQWKLVIURQW7KHJURVV
QRQSHUIRUPLQJ DVVHWV RI \RXU %DQN GHFOLQHG IURP RI JURVV
EDQNFUHGLWDVRQWRDVRQ7KHQHWQRQ
SHUIRUPLQJ DVVHWV FDPH GRZQ IURP RI WKH QHW EDQN FUHGLW DV RQ
ild hil
6KDUHKROGHUVSDUWLFLSDWLQJLQWKH$QQXDO*HQHUDO0HHWLQJ
10
ilililfilil
7RS0DQDJHPHQW([HFXWLYHVHHQGXULQJWKHWK$QQXDO*HQHUDO0HHWLQJ
il il il w il dil

ililil
WR DV RQ 7KH 3URYLVLRQ &RYHUDJH 5DWLR
DWDVRQDJDLQVWDVRQUHHFWV
EXLOWLQVWUHQJWKRIWKH%DODQFH6KHHWRI\RXU%DQN
m {{b{
ilil ` ilil ` il
ileim} dilil ddd}ilh
w il ` ililew il d il
il ,, il w d w il
il
Capital Adequacy Ratio

'XULQJ WKH \HDU WKH %DQN KDV DOORWWHG FURUH HTXLW\ VKDUHV
RI 5V HDFK DW D SUHPLXP RI ` SHU VKDUH RQ 3UHIHUHQWLDO
EDVLV WR *RYHUQPHQW RI ,QGLD DPRXQWLQJ WR ` FURUH :LWK WKLV
FDSLWDO LQIXVLRQ DQG UHWHQWLRQ RI SURW WKH FDSLWDO DGHTXDF\ UDWLR
VWRRG DW DV RQ LQ WHUPV RI %DVHO ,, DV DJDLQVW
PLQLPXPSUHVFULEHGE\5%,
ilhil ilil d `

il il il dil il e dil
'LYLGHQG
7KH %RDUG RI 'LUHFWRUV KDYH UHFRPPHQGHG D GLYLGHQG RI ` SHU
VKDUH LH IRU WKH \HDU , UHTXHVW WKH VKDUHKROGHUV WR
approve the same.
mlx
dil il il il d wn il il
f dil d fil il il h hil kl
il w il w h w
il il ,, il d ,, il d d
,,, il il h f }il il il il h
il e
5LVN0DQDJHPHQW
<RXU %DQN KDV SXW LQ SODFH DGHTXDWH V\VWHPV DQG SURFHGXUHV
IRU LGHQWLI\LQJ PHDVXULQJ DQG PDQDJLQJ ULVNV DV SHU WKH ODLG GRZQ
UHJXODWRU\ QRUPV 7KH %DQN LV %DVHO ,, FRPSOLDQW LQ WHUPV RI WKH 1HZ
&DSLWDO $GHTXDF\ )UDPHZRUN JXLGHOLQHV LVVXHG E\ 5%, 7LPHOLQHV DUH
GUDZQ WR HQVXUH LPSOHPHQWDWLRQ RI $GYDQFHG $SSURDFK XQGHU %DVHO ,,
DQGIRUIXUWKHUSUHSDUDWLRQIRU%DVHO,,,

il dil il e nh d il w il
il ilil ilnh e nh w
l e ilhh}hdilhhw d
il il h eil dl il w il
d ilild nh dil
Branch Network & Delivery Channels

'XULQJ WKH \HDU \RXU %DQN KDV DGGHG QHZ EUDQFKHV WDNLQJ WKH
QHW ZRUN RI EUDQFKHV WR DV RQ 7KHVH EUDQFKHV DUH
VSUHDGRYHUVWDWHVDQGXQLRQWHUULWRULHV'XULQJWKH\HDUQHZ
$70V ZHUH DGGHG PDNLQJ WKH WRWDO %HVLGHV WKH %DQN KDV VHW XS
0DKDEDQN *UDP 6HYD .HQGUDV DQG 8OWUD 6PDOO %UDQFKHV LQ
YLOODJHVXQGHU)LQDQFLDO,QFOXVLRQ3URMHFW
11
il il il f il il h il il il }l

f il f w il e}} il hhhl
il ilil il il il }il e} } il
d}whhehl} il de il e
he wdenndhhh}il
e}dednd efwe
il il w il w il }
ilil nh ilil}ililddililil
il d ililhdehd
il
Technology

il il il eile il dil d
il h le il il il il
il il il fil il il h
il ilil dil
il il il dil il il
il d dil ilkl il dw
il il ilil eilkl
il ililhil ile ilil wh e
ildil
Human Resource Management

n }il il d nh d
w h il il dild il il
il il il il d d il
wililil} ilhw
ililwil ilil} ildw
d w e e f il
Priority Sector lending and Financial Inclusion
7KH %DQN KDV RQH RI WKH EHVW WHFKQRORJ\ SODWIRUPV IRU HQKDQFLQJ WKH
VWDQGDUGV RI FXVWRPHU VHUYLFH 7KH WHFKQRORJ\ HQDEOHG SURGXFWV OLNH
,QWHUQHW %DQNLQJ 6063KRQH %DQNLQJ &HQWUDOL]HG &KHTXH 3URFHVVLQJ
6\VWHP &KHTXH 7UXQFDWLRQ 6\VWHP ,QVWD 'HELW &DUGV VWUDLJKW
WKURXJKSURFHVVLQJIRU57*61()72QOLQH7D[FROOHFWLRQHSD\PHQW
IDFLOLWLHV H)' RQOLQH 6% DFFRXQW RSHQLQJ $6%$ H7UDGLQJ RQ
6WRFNV RQOLQH DSSOLFDWLRQ IRU HGXFDWLRQ DQG KRXVLQJ ORDQV DQG
H/RXQJH LQ VHOHFW EUDQFKHV KDYH DGGHG VLJQLFDQWO\ WR WKH FXVWRPHU
VHUYLFH VWDQGDUGV $OO WKH EUDQFKHV RI WKH VSRQVRUHG 5HJLRQDO 5XUDO
%DQN 55% 0DKDUDVKWUD *UDPLQ %DQN DUH DOVR XQGHU WKLV &RUH
%DQNLQJ 1HWZRUN <RXU %DQN ZDV DZDUGHG ,62 &HUWLFDWLRQ IRU
0DQDJHPHQWRIWKH,QIRUPDWLRQ6HFXULW\RI,76HUYLFHV
7KH %DQN KDV D FRPSUHKHQVLYH +50 SROLF\ DLPLQJ DW SURYLGLQJ QHHG
EDVHG PDQSRZHU WR DOO RSHUDWLRQDO DQG DGPLQLVWUDWLYH XQLWV HQKDQFLQJ
DQGQHWXQLQJWKHKXPDQVNLOOVRQDQRQJRLQJEDVLVIRUHYHUFKDQJLQJ
MRESUROHVDQGSODQQLQJFDUHHUSURJUHVVLRQDQGZHOIDUHRIHPSOR\HHV
'XULQJ WKH \HDU WKH %DQN UHFUXLWHG RIFHUV DQG FOHUNV
RIFHUV LQ GLIIHUHQW JUDGHV ZHUH SURPRWHG 7KH %DQN KDV EHHQ
FRQGXFWLQJ GLIIHUHQW LQKRXVH DQG H[WHUQDO WUDLQLQJ SURJUDPPHV RQ DQ
RQJRLQJ EDVLV 'XULQJ WKH \HDU HPSOR\HHV DFURVV WKH FDGUHV
SDUWLFLSDWHG LQ VXFK SURJUDPPHV 7KH %DQN KDV SXW LQ SODFH YDULRXV
ZHOIDUH VFKHPHV IRU WKH EHQHW RI WKH HPSOR\HHV 7KH LQGXVWULDO
UHODWLRQVGXULQJWKH\HDUKDYHEHHQFRUGLDO
$OPRVW RI RXU EUDQFK QHWZRUN LH EUDQFKHV SUHFLVHO\
LV DFURVV UXUDO DQG VHPL XUEDQ FHQWUHV ZKLFK KDV EHHQ FDWHULQJ WR
WKH QHHGV RI WKH UXUDO SRSXODFH DQG SULRULW\ VHFWRUV 7KH RXWVWDQGLQJ
DGYDQFHV XQGHU SULRULW\ VHFWRU DV RI FRQVWLWXWHG RI
WKH$GMXVWHG1HW%DQN&UHGLWDVDJDLQVWWKHVWLSXODWHG7KH%DQN
LV &RQYHQRU RI WKH 6WDWH /HYHO %DQNHUV
&RPPLWWHH IRU 0DKDUDVKWUD
DQG KDV WKH /HDG %DQN UHVSRQVLELOLW\ IRU GLVWULFWV LQ 0DKDUDVKWUD
QDPHO\$XUDQJDEDG-DOQD0XPEDL&LW\0XPEDL6XEXUE1DVLN3XQH
ild ilil il il il

'LUHFWRUVDQGWRS0DQDJHPHQW([HFXWLYHV'XULQJWKH'LVFXVVLRQLQ%RDUGPHHWLQJ
12

d w il il f w w il il
il il il ililil
6DWDUDDQG7KDQHSOD\LQJDNH\UROHLQPRQLWRULQJFUHGLWRZWRSULRULW\
sectors in the state.
w il d il dil il

il il il h e e il
wn il w ,,ild
il ,ild ileil il
il il
%\ \RXU %DQN KDV WDNHQ EDQNLQJ VHUYLFHV WR WKH GRRUVWHSV
LQ XQEDQNHG YLOODJHV XQGHU WKH )LQDQFLDO ,QFOXVLRQ 3URMHFW ,Q
RI WKHVH YLOODJHV SRSXODWLRQ LV EHORZ ZKLFK ZHUH WDNHQ XS
LQ 3KDVH,, DSDUW IURP YLOODJHV WDNHQ XS LQ 3KDVH, 'XULQJ WKH
\HDU SHRSOH RI WKHVH XQEDQNHG YLOODJHV ZHUH EURXJKW LQWR WKH
EDQNLQJIROG
{mgj{
dil il d ilil wd il il il w
ilw il dilile il
dil il il w wd il il il il
h} wiln n il ` nil
il
&RUSRUDWH6RFLDO5HVSRQVLELOLW\
il il ilf il CCil

~CCil il~il il
ilf il il ~ il ~il
edililild il d ilil d
il
)RU HQFRXUDJLQJ VWXGHQWV DQ DQQXDO VFKRODUVKLS VFKHPH QDPHG

0DKDEDQN0HULWRULRXV6FKRODUVKLSZDVLQVWLWXWHGLQ,QWKHUVW
\HDU VFKRODUVKLSV ZHUH DZDUGHG WR PHULWRULRXV VWXGHQWV DFURVV
WKHFRXQWU\ZKRKDYHSDVVHGWK6WDQGDUGLQDFDGHPLF\HDU
<RXU %DQN ZLOO FRQWLQXH UHFRJQL]LQJ DQG VXSSRUWLQJ WKH \RXQJ FLWL]HQV
RIWKHFRXQWU\LQUHDOL]LQJWKHLUGUHDPV
w il ilililhil
CCil il d il CC ilil
il il h ilil e w il
w il il d d il h
ililwilil
hilil w ililhil
w il il wd il wil il
hildwildilh
5XUDO 'HYHORSPHQW &HQWHUV DW +DGDSVDU DQG %KLJZDQ LQ 3XQH 'LVWULFW
RI 0DKDUDVKWUD DQG 0DKDEDQN $JULFXOWXUDO 5HVHDUFK DQG 5XUDO
'HYHORSPHQW )RXQGDWLRQ D WUXVW HVWDEOLVKHG E\ WKH %DQN XQGHUWDNH
YDULRXV GHYHORSPHQWDO DFWLYLWLHV IRU WKH EHQHW RI IDUPHUV DQG WKH UXUDO
VHFWRU 6HYHQ 0DKDEDQN 6HOI (PSOR\PHQW 7UDLQLQJ ,QVWLWXWHV SURYLGH
YRFDWLRQDO WUDLQLQJ WR WKH UXUDO \RXWK DQG ZRPHQ 7KH *UDPLQ 0DKLOD
9D %DODN 9LNDV 0DQGDO LV DQ 1*2 IRUPHG IRU WKH EHQHW RI 6HOI
+HOS *URXSV 7KH %DQN KDV DOVR RSHQHG )LQDQFLDO /LWHUDF\ &UHGLW
&RXQVHOLQJ &HQWHUV LQ VL[ OHDG GLVWULFWV IRU FUHDWLQJ DZDUHQHVV DERXW
YDULRXVEDQNLQJVFKHPHVDPRQJFRPPRQPDVV
il il il il il il

il h il d d il il ilw il il il
dil ilil il d il il
wd il il
7KH%DQNKDVDOVRH[WHQGHGDVVLVWDQFHWRYDULRXVLQVWLWXWLRQVSURMHFWV
HQJDJHG LQ ROG DJH KRPHV PHGLFDO IDFLOLWLHV IRU WKH SRRU ZRUNLQJ IRU
WKH FDXVH RI WKH SK\VLFDOO\ FKDOOHQJHG FKLOGUHQ GHYHORSPHQW RI WULEDO
SRSXODWLRQ KHOSLQJ ZLGRZV DQG FKLOGUHQ RI WKH IDUPHUV ZKR FRPPLWWHG
VXLFLGHGXHWRLQGHEWHGQHVVDQGWKHOLNH
<RXU %DQN IRQGO\ UHFRJQL]HV LWV VRFLDO UHVSRQVLELOLW\ ZLWK LWV YDULRXV
ZHOIDUH SURMHFWV LPSOHPHQWHG IRU WKH EHQHW RI WKH QHHG\ VHFWLRQV
RI WKH VRFLHW\ 'XULQJ WKLV \HDU \RXU %DQN FRQWULEXWHG ` ODNK
WRZDUGV &KLHI 0LQLVWHU
V 5HOLHI )XQG IRU GURXJKW UHOLHI WR WKH VWDWH RI
0DKDUDVKWUD WR KHOS JRYHUQPHQW LQLWLDWLYHV IRU DJULFXOWXUH DQG ZDWHU
SURMHFWV
( )
dil il w il w }il himw il
} ildil

Corporate Governance
<RXU %DQN LV FRPSO\LQJ ZLWK &RUSRUDWH *RYHUQDQFH JXLGHOLQHV LVVXHG
E\5HVHUYH%DQNRI,QGLDDQGVSHFLHGE\/LVWLQJ$JUHHPHQWZLWKVWRFN
H[FKDQJHV
gjgj
} himwim} h }} il il il hil d
il il il
dilil il e w il n
Subsidiaries
c
ilil il il
New Initiatives
7KH0DKDUDVKWUD([HFXWRU 7UXVWHH&R3YW/WGLVWKHRQO\VXEVLGLDU\
RI WKH %DQN DQG LW LV HQJDJHG LQ SURYLGLQJ VHUYLFHV LQ WKH DUHD RI
WUXVWHHVKLS EXVLQHVV PDQDJHPHQW H[HFXWLRQ RI ZLOOV JXDUGLDQVKLS RI
PLQRU
VSURSHUWLHVHWF
'XULQJWKH\HDUWKH%DQNKDVWDNHQVHYHUDOEXVLQHVVLQLWLDWLYHV
'RRU 6WHS %DQNLQJ KDV EHHQ VWDUWHG ZLWK FDVK DQG FKHFN SLFNXS
IDFLOLW\IRU+LJK1HWZRUWKDQG&RUSRUDWHFXVWRPHUV
il il il h f } h il il il il

dil e
kl il h il

hhhe ililh
il n il dl

dilh n w h
%DQN KDV VHW XS 060( &HOOV DW 3XQH +\GHUDEDG 'HOKL DQG
Chandigarh for faster loan processing.
$GGHG PRUH WKDQ PLOOLRQ QHZ FXUUHQW DQG VDYLQJV DFFRXQWV DSDUW
IURPPRUHWKDQPLOOLRQ%DVLF6DYLQJV$FFRXQWV
13
Awards and Accolades

3HUIRUPDQFH RI WKH %DQN KDV EHHQ UHFRJQL]HG E\ YDULRXV LQGHSHQGHQW
DJHQFLHV,QWKH%DQNZDVDZDUGHG
ilililil hw il

ililil nililhh
} il il
h }} d wil il il
il
ew}}ilil} d
hd il dee il d
hd il il n d il
hil
ililgdledde il}il}
d
hhl ilwililil ildil

%HVW %DQN LQ &XVWRPHU )ULHQGOLQHVV
E\
7KH 6XQGD\
6WDQGDUG

%HVW 3XEOLF 6HFWRU %DQN ZLWK $VVHW 4XDOLW\
E\
'XQ
%UDGVWUHHW

7KH*UHDWHVW&RUSRUDWH/HDGHUV$ZDUG
E\
,QGLD
V*UHDWHVWFRP

&KDQJH $JHQW /HDGHUVKLS $ZDUG
E\
,3( LQ :RUOG +5'
&RQJUHV
V

0RVWFDULQJFRPSDQLHVRI,QGLD
E\WKH
:RUOG&65&RQJUHVVRQ
:RUOG&65'D\

35&,&RUSRUDWH&ROODWHUDO$ZDUG
E\
35&,,1',$

7KLUG%HVW%DQNXQGHU368
E\
6)%&.HUDOD

ilildiln e il dil
dil il il n w il il
il il iln iln}ilil il
w hh}h h nd h}hil
il w
Looking Ahead (2013-14)

,Q WKH \HDU WKH %DQN ZLOO OLNH WR FRQVROLGDWH RQ WKH UP
SODWIRUP ODLG VR IDU <RXU %DQN WDUJHWV WR FURVV WKH EXVLQHVV OHYHO RI
7ZR /DNK 7KLUW\ 7KRXVDQG &URUH 5XSHHV E\ 0DUFK 3ODQV DUH LQ
SODFH WR WDNH EUDQFK QHWZRUN EH\RQG DQG HQVXUH DQ $70 DW DOO
EUDQFKHV RI WKH %DQN E\ LQVWDOOLQJ QHZ $70V GXULQJ WKH FXUUHQW
\HDU
b
il il d il il fil
il h d ily l il il il
il fil il h il
d il il w il 6(%, d
il il il d l il n
il il d d il h
w il il d il
il h fil d l il il g e e
fil il il h il
il e ilil
Acknowledgment
, ZRXOG WDNH WKLV RSSRUWXQLW\ WR H[SUHVV P\ JUDWLWXGH WR VKDUHKROGHUV
FXVWRPHUV DQG RWKHU VWDNH KROGHUV IRU WKHLU WUXVW VXSSRUW DQG
SDWURQDJH , DOVR WKDQN PHPEHUV RI WKH %RDUG IRU WKHLU YDOXDEOH
JXLGDQFH DQG VXSSRUW$ORQJ ZLWK P\ FROOHDJXHV RQ WKH %RDUG , SODFH
RQ UHFRUG P\ VLQFHUH WKDQNV WR *RYHUQPHQW RI ,QGLD 5%, 6(%, DQG
RWKHU 5HJXODWRU\$XWKRULWLHV , DOVR DFNQRZOHGJH FRQWULEXWLRQV PDGH E\
$XGLWRUV/HJDO$GYLVRUV&RQVXOWDQWVDQG&RUUHVSRQGHQWVDQGYDOXDEOH
VXSSRUWRIYDULRXV6WDWH*RYHUQPHQWV%DQNV)LQDQFLDO,QVWLWXWLRQVDQG
0HGLD $V LW KDV DOZD\V EHHQ WKH DFKLHYHPHQWV LQ WKH \HDU
QDUUDWHG DERYH ZHUH GXH WR WKH GHGLFDWLRQ DQG FRPPLWPHQW RI DOO P\
FROOHDJXHVLQWKH%DQNDQG,VLQFHUHO\WKDQNHYHU\RQHRIWKHP
d il eil

il il il il h dil w
il dililil e ge w ilhdil
dildil
Conclusion
%HIRUH , FRQFOXGH , ZRXOG OLNH WR HPSKDVL]H WKDW LQ LWV QDQFLDO
UHVXOWV IRU WKH \HDU WKH %DQN KDV UHHFWHG VWURQJ QDQFLDO
IXQGDPHQWDOV UHTXLUHG IRU VXVWDLQHG JURZWK , VHHN \RXU FRQWLQXHG
VXSSRUWDQGSDWURQDJHWRWDNH\RXU%DQNWRQHZKHLJKWV
dil
7KDQN\RXYHU\PXFK

w

dh il
3XQH
14th-XQH
14
(Narendra Singh)
&KDLUPDQ 0DQDJLQJ'LUHFWRU
15
Directors Report
16
DIRECTORS REPORT
31 2013 -

.
Your Directors have great pleasure in presenting before you the Annual
5HSRUW RI WKH %DQN DORQJ ZLWK WKH DXGLWHG %DODQFH 6KHHW 3URW /RVV
Account and the Report on Business and Operations for the year ended
March 31, 2013.
1.
1.1 2012-13 :
- 2012-13
. ,
dil il wil iml } ilh h f il
e wn il~ il h d il

il il l w il d il
ililhim wddlil
ildilf ililf dildd
ililill il ililw l
d n w n d il d il d
fl d il il il il d n n il il
dklil il w il il dd wil
il il il f dd w il il il
d}wilil ill ililil
1.
MANAGEMENT DISCUSSION AND ANALYSIS:
1.1
Economic scenario 2012-13

The global economic environment in the year 2012-13 was challenging
with the spillover of last years looming at large. However, downside tail
risks have receded in 2012-13 because of the supportive policy action
LQ WKH HXUR DUHD DQG WKH PHDVXUHV WR WDFNOH VFDO FOLII LQ 86 *URZWK
rate of the fastest growing economy was also impacted but it continues
to remain the global powerhouse, directly accounting for about a third
of global growth. Japans economy stopped contracting in Q4 of 2012.
Among BRICS countries, growth accelerated in Brazil and South Africa.
*URZWK LQ HPHUJLQJ GHYHORSLQJ HFRQRPLHV ERWWRPHG GXH WR JOREDO
KHDGZLQGV *OREDO ,QDWLRQ VFHQDULR UHPDLQHG EHQLJQ DV GHPDQG
remained weak and improved supply prospects in key commodities such
as oil and food also restrained commodity price pressures. International
QDQFLDOPDUNHWVWUHVVPRGHUDWHGJUHDWO\IROORZLQJDJJUHVVLYHPRQHWDU\
HDVLQJ E\ PDMRU FHQWUDO EDQNV DV DOVR SROLF\ LQLWLDWLYHV RQ VFDO
FRQVROLGDWLRQLQWKHHXURDUHDHFRQRPLHVHQFRXUDJLQJFDSLWDORZVLQWR
emerging economies.
,
il wil}ilw il} w dhd
dil il e w il il il
e ilwildwililw il il
dh } il kl f e d e
. ,
d il il il w d dil wil
iml il il wil il il ~ il f
dil d ild w ne
dehhled il il d
il e d eilil il
.
d il

2012-13 .
l }dl il }il il w il il il
il d il e il d
w il il il h n il h ~
f ilh wil il il il w il
w il il e d il f e il il
d e d il e d
dl}dlilklil dde
f e dd il d e dil

il il il nil il d d il d
2012-13 5.0
il d~~ il ilf il
il e nl il f de } il e
il il l f nl d il d d
~ ildd il } dilf
~ il e d l il d
lil}ile
fhhil il w eld

d }ile l h
d w il il d f~ d fil
The year opened wherein number of developed economies, especially

in Europe, had already fallen into a double-dip recession, while those
facing sovereign debt distresses moved into even deeper recession.
Many developed economies were caught in downward spiral dynamics
with high unemployment, weak aggregate demand compounded by
VFDO DXVWHULW\ DQG KLJK SXEOLF GHEW EXUGHQV 'HYHORSLQJ HFRQRPLHV
could not remain aloof from the developments around them. However,
in the later part of the year, there were some signs of hope. Two of
the biggest achievements of the past year were namely averting the
EUHDNXS RI HXUR DUHD DQG VFDO FRQWUDFWLRQ GXH WR WKH VFDO FOLII LQ 86
0RUHRYHU86H[SHULHQFHGVRPHVLJQVRIUHFRYHU\LQWKHKRXVLQJVHFWRU
In terms of International Monetary Fund - World Economic Outlook
(IMF-WEO) the global economy grew at the rate of 3.2 per cent in the
year 2012 and is projected to grow at 3.3 per cent in the year 2013.
On domestic front, Indian economy bottomed in the year 2012-13, after
achieving 6.2 percent in 2011-12. The decline in the growth rate may
EH DQDO\]HG IURP WKH YLHZSRLQW RI FODVVLFDO LQDWLRQJURZWK WUDGH RII
Indian economy grew at the rate of 6.7 per cent in the wake of global
UHFHVVLRQ LQ WKH \HDU *RYHUQPHQW 5HVHUYH %DQN RI ,QGLD
provided the desired stimulus for maintaining the growth momentum,
which ensured a pickup in growth in the years 2009 to 2011. However,
the stimulus also led to overheating of the economy. As a result, Indian
HFRQRP\H[SHULHQFHGLQFUHDVHLQWKHSULFHVOHDGLQJWRWKHYLFLRXVF\FOH
RILQDWLRQJURZWKWUDGHRII
Among emerging economies, only China and Indonesia are growing
faster than India. As per the advance estimates of Central Statistical
Organization, Indian Economy grew by 5.0 percent in the year 2012-13
ZLWK QR VHFWRU UHPDLQLQJ XQDIIHFWHG 5DEL SURGXFWLRQ LV H[SHFWHG WR EH
better than a year ago. However, it may not fully offset the decline in
kharif output. The second advance estimates of crop production (kharif
DQG UDEL IRU LQGLFDWH GHFOLQH RI SHUFHQW LQ UHODWLRQ WR QDO
HVWLPDWHV RI SUHYLRXV \HDU *URZWK LQ LQGXVWULDO SURGXFWLRQ GHFHOHUDWHG
to 0.9 per cent during 2012-13 (April-February) from 3.5 per cent in the
corresponding period of the previous year.
17
,Q YLHZ RI WKH VWHSV WDNHQ KHDGOLQH LQDWLRQ PRGHUDWHG WR DQ DYHUDJH
RI SHU FHQW LQ ZLWK WKH \HDUHQG LQDWLRQ UHFRUGLQJ DW
SHU FHQW 1RWZLWKVWDQGLQJ WKH PRGHUDWLRQ LQ RYHUDOO LQDWLRQ HOHYDWHG
il il dw il il il w g n l

il il ilil l il~ il de
hflililildilildl}illnn
lilil dil eil
il dilhwild
IRRG SULFH LQDWLRQ ZDV D VRXUFH RI XSVLGH SUHVVXUH WKURXJK WKH \HDU
owing to the unusual spike in vegetable prices in April 2012 followed by
rise in cereal prices on account of the delayed monsoon. Even as WPI
LQDWLRQ HDVHG UHWDLO LQDWLRQ DV PHDVXUHG E\ WKH QHZ FRQVXPHU SULFH
LQGH[ DYHUDJHG SHU FHQW GXULQJ ODUJHO\ GULYHQ E\ IRRG
LQDWLRQ *RYHUQPHQW VWDUWHG ZLWK WKH UHIRUPV LQ IXHO SULFHV ZKLFK ZLOO
pay back in the long run.
2012-13
w il il f il il d il dil

dil w d il il
il ~ il il w il il
d f hhhl h w ~
il fn il h e
il il il il h w il il d
wil il il d il d h d il
dhhd h il il il eil dl
w il n w dhd il il n il
hil file
Performance of Indian Banking Industry in 2012-13

ildild hil }il e w

w il il ilil kl il il~ g
il d il il n
il il dil d il d
il n il e w w il il
ililild ilw wn} d il il
.
Money supply (M3) growth was noted at 13.3 per cent by end-March
2013, slightly above the RBI revised indicative trajectory of 13.0 per
cent. Non - food credit growth decelerated from 18.2 per cent at the
beginning of 2012-13 and remained close to 16.0 per cent for the major
part of the year. By March 2013, non-food credit growth dropped to
14.0 percent, lower than the RBI indicative projection of 16.0 per cent,
UHHFWLQJVRPHULVNDYHUVLRQDQGPXWHGGHPDQG
dil il il f d

ild dlil dil w
}ilgfld ilhildl n il hhil
ilile
Bank credit to all major sectors in 2012-13 showed positive growth with
DQ H[FHSWLRQ RI PHGLXP LQGXVWULHV LQ WKH LQGXVWU\ VHFWRU VKLSSLQJ DQG
professional services in the services sector and consumer durables and
advances against shares and bonds in the personal loans sector.
il hhil ildilil d

il n n n il
il n d f il il d e il h h
il ilfe
Industry remained the dominant sector accounting for around 41 per

cent of total credit disbursed by the banks, followed by services sector
at around 21 per cent. While food credit, primarily advanced for food
SURFXUHPHQW KDV XFWXDWHG FUHGLW WR WKH DJULFXOWXUH DQG DOOLHG VHFWRU
has grown after Q3 of 2011-12.
/LTXLGLW\ UHPDLQHG XQGHU SUHVVXUH WKURXJKRXW WKH \HDU EHFDXVH RI

persistently high government cash balances with the Reserve Bank of
India (RBI) and elevated incremental credit to deposit ratio for much
RI WKH \HDU 7KH QHW DYHUDJH OLTXLGLW\ ERUURZLQJV E\ WKH %DQNV XQGHU
WKH GDLO\ OLTXLGLW\ DGMXVWPHQW IDFLOLW\ /$) ZDV DW ` 730 billion during
WKH UVW KDOI RI WKH \HDU ZKLFK LQFUHDVHG VLJQLFDQWO\ WR ` 1,012 billion
GXULQJ WKH VHFRQG KDOI ,Q RUGHU WR DOOHYLDWH OLTXLGLW\ SUHVVXUHV WKH
Reserve Bank lowered the CRR of SCBs cumulatively by 75 bps on
WKUHHRFFDVLRQVDQGWKHVWDWXWRU\OLTXLGLW\UDWLR6/5E\ESVGXULQJ
WKH \HDU $GGLWLRQDOO\ WKH 5HVHUYH %DQN LQMHFWHG OLTXLGLW\ WR WKH WXQH
of ` 1,546 billion through open market operation (OMO) purchase of
*RYHUQPHQW6HFXULWLHV
dil w il il d il il

hh ililwilnil il
il deil wildwnw d dd
d ile il il il
il il d ildd d dd il
ile illilil}dwilillil
il d f d il il il d
dd il e gw il il il d}
ilil il eilildf}il} ilil f
il d il il
il d il h w d il dd
il d f il
d 5 .
Outlook
il dil ~ il

dil ilhile ilfhw il
w h il il~ il w
il ilhil f il dil
dililillilil
.
18
7KH LPSDFW RI VHTXHVWUDWLRQ LQ WKH 86 RQ WKH JOREDO HFRQRP\ LV OLNHO\
to be muted in view of legislation initiated to avert the debt ceiling.
Nevertheless, lead indicators point to sluggish global growth. Political
economy risks that block or delay credible and determined policy
actions in advanced economies (AEs) are inhibiting recovery. For
Emerging Developing Economies (EDEs), risks of spillovers from AEs
UHPDLQ VLJQLFDQW :KLOH JOREDO LQDWLRQDU\ SUHVVXUHV DUH OLNHO\ WR EH
subdued, given still large output gaps, several EDEs could potentially
face the threat of elevated energy prices. However IMFs latest World
(FRQRPLF 2XWORRN :(2 UHSRUW IRUHFDVWV UHDO JOREDO *'3 JURZWK WR
ULVH WR SHU FHQW LQ IURP SHU FHQW SURMHFWHG IRU *URZWK
LQ HPHUJLQJ PDUNHW DQG GHYHORSLQJ HFRQRPLHV LV H[SHFWHG WR UHPDLQ
UREXVWVWUHQJWKHQLQJIURPDERXWSHUFHQWLQWRSHUFHQWLQ
2013 and 5 per cent in 2014.
'XULQJ GRPHVWLF HFRQRPLF DFWLYLW\ LV H[SHFWHG WR VKRZ RQO\ D
PRGHVW LPSURYHPHQW RYHU ODVW \HDU $OWKRXJK *RYHUQPHQW KDV WDNHQ
a host of policy reforms which would provide impetus to the growth
dynamics, but a lot is dependent on global cues. RBI has for 2013-14
SURMHFWHGD*'3JURZWKDWSHUFHQWDQG:3,LQDWLRQLVH[SHFWHGWR
be range bound around 5.5 per cent during 2013-14.
il d d }il
il d il h
n ilhilf dildf
dil dil ilwndil eim} il}
il il il il d d w
il il l f il d h il
dwilil il ilw d
n d
2.
2012-13
7KH SHUIRUPDQFH RI WKH QDQFLDO VHFWRU LQ ,QGLD ZLOO EH LQXHQFHG
by both short-term and long-term factors. In the long run, a strong
growth in global output will be essential for sustaining investment
activities across the globe, including India. In the short run, factors like
H[SHFWDWLRQ RI KLJKHU UHODWLYH UHWXUQV ULVN SHUFHSWLRQ RI LQYHVWRUV DQG
JOREDO OLTXLGLW\ ZLOO GHFLGH WKH OHYHO RI RZ RI IXQGV WR WKH GRPHVWLF
HTXLW\ PDUNHW &RQVLVWHQW ZLWK WKH JURZWK SURMHFWLRQV LQDWLRQ
threshold RBI has projected M3 growth for 2013-14 at 13.0 per cent,
aggregate deposits of Scheduled Commercial Banks (SCBs) at 14.0 per
cent and growth in non food credit at 15.0 per cent.
2.
PERFORMANCE OF YOUR BANK 2012-13
2.1
2.1
` ilil
il w il hil ` il
2.2
m
ilil ilw il il ` ililil

il il ` il e
ililw il e d

` il e il il il w n il
w il il w il wil
ilil hil
&XUUHQW 6DYLQJV %DQN &$6$ GHSRVLWV LQFUHDVHG E\ SHU FHQW
and stood at ` 38,476 crore as on 31.03.2013. Share of CASA deposits
in total deposits of your Bank stood at 40.79 per cent as on 31.03.2013
which is one of the highest among Public Sector Banks.
2.3
Credit Deployment
The Bank has put in place a lending policy in conformity with the
JXLGHOLQHVLVVXHGE\5%,DQGDOVRWKHOHQGLQJQRUPVRIWKH*RYHUQPHQW
RI ,QGLD ,W HPSKDVL]HV RQ TXDOLWDWLYH FUHGLW JURZWK DQG HQVXUHV
FRPSOLDQFH ZLWK UHJXODWRU\ UHTXLUHPHQWV DV ZHOO DV WKH SUXGHQWLDO
H[SRVXUHOLPLWV
il il f d w il w

ildil f il
-
.
31.03.2012 ` il il il

il il ` il h f fn d
eil w il fn }il il il
ilfil d dilil w il il
f il il w d w

il il
il fh h wil il

.
il}}il ildlilil il

ilil ile
ildil w il h ` il il `
il h d d d wn il il}
ililh hilw
Deposits
Total deposits of the Bank stood at ` 94,337 crore, up by 23.27 per
cent over the level of ` 76,529 crore as at the end of March 2012.
}zbm
Business
Total business of your Bank stood at ` 1,70,734 crore as on
31.03.2013, as compared to ` 1,33,508 crore a year ago, registering a
year-on-year growth of 27.88 per cent.
*URVV DGYDQFHV RI WKH %DQN LQFUHDVHG IURP ` 56,979 crore as on

31.3.2012 to ` 76,397 crore as on 31.3.2013 with growth of 34.08 per
cent. Passionate service orientation coupled with speedier sanctions
and customer centric approach enabled the Bank in registering a robust
credit growth much above the banking industry average during the year
2012-13.
With a higher Credit growth, the Credit deposit ratio (CDR) as on
31.3.2013 stood at 80.98 per cent as against 74.45 per cent as on
31.03.2012.
Several steps have been taken for improving credit delivery mechanism
whereby the turnaround time is brought down without compromising the
RYHUDOOTXDOLW\RIFUHGLW
The Mid corporate vertical which has been created over two years
ago, has been functioning successfully and contributing to the robust
credit growth of the Bank. During the year 2012-13, the credit under this
segment has increased from ` 7963 crore to ` 11472 crore registering
growth of 44%. Mid corporate shall continue to be one of the thrust
areas for the Bank in future for increasing yield on advances and
dispersion of credit risk.
2.3.1 Sectoral Deployment of Credit
}z gj}m

d il il il il il

h n il il il il
il il d il il il
d wd il il d w n }
dilild ildilillil w
19
:KLOH QDQFLQJ WR YDULRXV VHJPHQWV RI WKH HFRQRP\ WKH %DQN KDV
HQGHDYRXUHG WR PDLQWDLQ D GLYHUVLHG FUHGLW SRUWIROLR ZLWK D YLHZ WR
ensuring credit dispersion across sectors. The Bank has continued its
efforts to support core, manufacturing and priority sectors, as well as
infrastructure projects, which serve to drive economic growth. This focus
of the Bank will continue in future, in line with the national economic
growth priorities.
ilil fdw
.
.

m{}z
f
31.03.2013
gj gj
`

gj

31.03.2012
gj gj
`

Industry wise credit deployment as on 31.03.2013 is as under:
gj

Sr.
No.
L dil

LL
}e

LLL }

LY }

v

YL ew
YLL
YLLL df

il

hhhe

d

wil

d il n il } il il wil

dildn il il il
dh ilhw ilh
il il hhhd} w w il d
} d il e w il nd
dilild
f n il il d dil dil d

ilh }ilnil il w
ildililw
Industry
Outstanding as on
31.03.2012
` in crore
Percentage to
total
credit
outstanding
41,307.25
54.49% 31,603.21
55.46%
12,223.59
16.13%
7,755.14
13.61%
Of which
i.
Infrastructure
ii.
Chemicals, Dyes,
Paints etc
1,387.15
1.83%
1,704.72
2.99%
Petroleum
1,552.71
2.05%
769.86
1.35%

iii.
LY ,URQ 6WHHO
Y 1%)&V 7UDGLQJ

vi.
Engineering
2,496.14
3.29%
1,768.28
3.10%
vii. Construction
318.29
0.42%
337.78
0.59%
9018.10
11.90%
5,114.63
8.98%
viii. Other Industries

2
Agriculture
MSME
Housing
Education
([SRUWV
7
Commercial Real Estate
7,378.35
9.73%
6,089.23
10.69%
16,788.21
22.15%
8,630.81
15.15%
6,578.23
8.68%
5,056.34
8.87%
551.59
0.73%
489.28
0.86%

3,551.63
4.69%
927.41
1.63%
2.3.2 Credit Administration and Monitoring
2.3.2
Credit deployed
Outstanding Percenas on
tage to
31.03.2013
total
` in crore
credit
outstanding
For the view point of keeping a close track of advance portfolio,

Bank has put in place systems whereby, early warning signals are
captured from the Core Banking Solutions (CBS), on daily basis
for close monitoring of stressed accounts on near real time basis.
System generated SMS alerts are sent to the customers to pre-empt
GHOLQTXHQF\ $Q LQWHJUDWHG ZHEEDVHG UHSRUWLQJ KDV EHHQ LQWURGXFHG
in the Bank to enable instant communication between branches/Zones/
+HDG2IFHIRUHIIHFWLYHPRQLWRULQJRIFUHGLWSRUWIROLR
2.4
7KH FUHGLW TXDOLW\ RI ERUURZDO DFFRXQWV LV IXUWKHU PRQLWRUHG WKURXJK
SHULRGLFDODVVHWSHUIRUPDQFHUHYLHZFUHGLWDXGLWV VWRFNDXGLWV7LPHO\
rescheduling of repayment terms is undertaken in deserving cases.
2.4
Asset Performance
During the Financial Year (FY) 2012-13, total cash recovery in NPAs was
` 411.23 crore (last year ` FURUH 2I WKLV UHFRYHU\ LQ /HGJHU
balance was ` 198.73 crore (` 248.91 crore), recovery in written off
accounts was ` 156.77 crore (` 96.01 crore) and recovery in cases of
unapplied interest was ` 55.73 crore (` 34.53 crore). This was besides
up gradation of NPAs to the tune of ` 105.19 crore (` 109.02 crore).
ildwildil` il~
` ilew` il` il
}} n hn ` il` ildhh
wil ` il` ilil e `
il` ilil dwild il il}fil ild
nd ilil fild il } il il

d l il d ile d d} il d il
ile il f e
This years achievement was possible due to intensive follow up adopted

by the branches with the defaulting borrowers through letters, notices,
UHFRYHU\ FDPSV /RN $GDODWDV DFWLRQV XQGHU 6$5)$(6, DQG WKURXJK
DRTs.
` n il il w ~} dil il dwil d hh

d il d il dl d
il hhdil ilw eil nil ee
il fil ildd il
` il ` il il il il il il il
hhd il il
To address and improve recovery in small sized NPAs having ledger

balances upto ` 10.00 lakh, the Bank established additional 5 Micro
$VVHW5HFRYHU\&HOOV0$5&VDW=RQDORIFHVWKHUHE\PDNLQJWRWDO
MARCs. The recovery performance through this vertical was encouraging
with MARCs recovering ` 210.53 crore (` 244.75 crore). The share
of recovery of MARCs in total cash recovery of the bank was 51.20%
(64.50 per cent).
20
` n il il w dwil

d hil}d}hwil w ne
w il d dwil d ~ il ` il il
` ilil e
The Bank continued during this FY a special One Time Settlement (OTS)
scheme for recovery in NPA accounts having ledger balance up to ` 5.00
lakh. The total recovery in NPAs under this scheme was ` 66.73 crore as
against ` 59.54 crore in the previous year.
il il il il dwil d d d d

il il e il dwil
d d il il il il
ildwilddililil ilile il
.
2.5
7KH *URVV 13$ UDWLR RI WKH %DQN KDV LPSURYHG WR SHU FHQW GXULQJ
WKHQDQFLDO\HDUIURPSHUFHQWDVRI6LPLODUO\WKHUDWLR
of Net NPAs stood at 0.52 per cent as on 31.03.2013 as against 0.84 per
cent a year ago. The NPA ratios of the Bank are much better than not only
of the peer Banks but also of many large Banks.
2.5
Foreign Exchange Business and Export Finance

During the year 2012-13, the Bank has achieved merchant turnover
of ` 30,437 crore (` 25,430 crore) and an inter-bank turnover of
` 4,14,162 crore (` FURUH DQG HDUQHG )RUH[ SURW RI ` 60.41
crore (` FURUH 7KH RXWVWDQGLQJ H[SRUW FUHGLW DV RQ VW 0DUFK
2013 was ` 1908.31 crore as against ` 873.04 crore as on 31st March
7KH 7UHDVXU\ ,QWHUQDWLRQDO %DQNLQJ %UDQFK DW 0XPEDL $
Category branch) and 33 B-Category branches across the country cater
to the International business needs of the customers of the Bank. In
order to provide prompt service to Non Resident Indian (NRI) Clients,
%DQN KDV D 15, &HOO DW 'HFFDQ *\PNKDQD %UDQFK 3XQH ZKLFK
provides online remittance facilities for its NRI customers.
2012-13 ` il ` il il d

` il ` il il d il d il
d il ` il il dw il
il il ` il il il
ìlile nwdd}ilnh
n d l nh il il d}
dild il il d il hdde
il ilf il imilwnn hdde
il il d il d d hdde il il de h
file
2.6
2.6
The net investments of the Bank stood at ` 31,430.31crore as on

31.03.2013 as compared to ` 26,031.36 crore as on 31.03.2012.
Investments under Held to Maturity (HTM) category consist of 81.75 per
cent while Available for Sale (AFS) comprised 16.99 per cent of total
investment portfolio as on 31.03.2013. The net interest income from
investment activity increased to ` 2,231.28 crore from ` 1,708.57 crore
during the last year, a growth of 30.59 per cent.
31.03.2012 ` il il

` il il il il il
imilh}h ildil
wilkl fhhlhil il
e w d ` il w e il
ìl e eilil w e
2.7
Investments
2.7
w il h h ` il il

il il il il f ` il il
il ilf ` ilil
Borrowings
The borrowings of the Bank as on 31.03.2013 stood at ` 12,877.49
FURUH LQFOXGLQJ UHQDQFH DYDLOHG IURP 5%, 1$%$5' DQG 6,'%, WR WKH
H[WHQW RI ` 4,213.62 crore. The total borrowings as at 31.03.2012 were
` 6,944.75 crore.
2.8
2.8
il il wil il hw} il ` il il

ilil ild il ilhild
.
Merchant Banking
The Bank handled 122 issues of Commercial Paper amounting to
` 19,509 crore for its clients as an issuing and paying agent during the
year and earned a commission income of ` 18.97 lakh.
2.9
2.9
Depository Services
il il h } hh il

} n e w n
il wil il il d nd f il il
nh e il } il il } n n il e}} il
n il n il h il hh il il
ehhde f il il il d
fil d il ilhe}de}d
im}w } d il il
im}w}dim}w} wil
.
The Bank is Depository Participant (DP) of Central Depository Services

RI ,QGLD /WG &'6/ VLQFH 6HSWHPEHU $FFRXQW OHYHO TXHULHV
related to Demat account balances etc. are available at the 131
LGHQWLHG EUDQFKHV RI WKH %DQN$OO WKH EUDQFKHV RI WKH %DQN FDQ RSHQ
Demat account through the Demat Cell of Mumbai. The Bank also
SURYLGHV IUHH ($6, IDFLOLW\ WKURXJK &'6/ WR YLHZ DFFRXQW SRVLWLRQ
through internet. Query compliance facility is available at Maha Seva
(Customer Care Centre). The Bank has added tie up with two Share
%URNLQJ &RPSDQLHV LH 5HOLDQFH 6HFXULWLHV /WG DQG 9HQWXUD 6HFXULWLHV
/WG IRU 0DKDHWUDGH 2QOLQH 6KDUH 7UDGLQJ 6HUYLFHV IRU LWV FXVWRPHUV
DORQJZLWKH[LVWLQJ5HOLJDUH6HFXULWLHV/WG
} il d h il il w il h il w eim} w il

d n h } n il il h il nn ~}
.
In order to add new customers in its fold under Demat, Bank is offering
waiver in annual maintenance charges for the Demat Accounts opened
XQGHU5DMLY*DQGKL(TXLW\6FKHPHIRUWKUHH\HDUV
21
2.10 -
il}hw ildilil nh e}ee

il } d w il kl w w
f il kl il il il il
w d w w
232 " "
ileildd il ililil
df}}hlde il
ililil wwnil ilh ` 1

w il
m m
d il il
hilw' '
m}im '~m'fil
il il w il h

` il d w ` il il il dw
.
2.10 Bancassurance
All the branches of the Bank are authorized to sell life and non-life
LQVXUDQFHSURGXFWVRI/LIH,QVXUDQFH&RUSRUDWLRQRI,QGLDDQG8QLWHG,QGLD
,QVXUDQFH &R /WG XQGHU FRUSRUDWH DJHQF\ DUUDQJHPHQWV UHVSHFWLYHO\
7KH %DQN KDV VROG 1RQOLIH ,QVXUDQFH 3ROLFLHV DQG /LIH
,QVXUDQFH SROLFLHV GXULQJ WKH \HDU 7KH /,& DFFUHGLWHG
branches of the Bank as Bima Bank, besides 22 Zones which were
declared as BIMA banks. The Bank collected highest per outlet FPI.
The Bank offers three group insurance schemes namely Maha Suraksha
Deposit Scheme a life insurance cover of ` 1 lakh for deposit account
KROGHUV Maha Grih Suraksha a mortgage redemption insurance
VFKHPH IRU WKRVH ZKR DUH DYDLOLQJ +RPH /RDQV DQG Maha Swasthya
Yojana Scheme, a Family Floater Mediclaim Policy for its customers.
The Bank earned a commission of ` 6.58 crore for life insurance,
showing growth of 59 per cent and ` 3.75 crore for non-life insurance
business during the year 2012-13.
2.11 Mutual Fund Activity
2.11
The Bank has a tie-up with 25 AMCs (Asset Management Companies)

for selling Mutual Fund products. The mutual fund business mobilized
by the Bank earned commission income of ` 41.30 lakh during the year.
il d l f il kl il h hh d il

il il il d l w} d il
` nil ilddwil
2.12 Government Business
2.12
nd il il il h

de ildilil hil
ìlililild
il il il il il

d }il il il il il f n w il
ilil dilhdd ilildwil
ilil il}}eilil ilil
il w eil il d il d
w ilil il }dil
ilhil il il e
ddil } }il d h e

il nd ililf} il e }ilil ilh
il ileil dil}} ilil
h f
il il il e il h d il e d

wdhh il } w il il il il
deilf} ilwil wililwil
il il il}il d w il } il il f
nd ilf}}il h il
The Bank has started processing and crediting monthly pension

SD\PHQWVRIPRUHWKDQ&HQWUDO*RYHUQPHQW'HIHQFH5DLOZD\
and Telecom pensioners at Central Pension Processing Cell (CPPC),
Pune. The processing and payment for new PPOs/ corrigendum PPOs
0DVWHU 'DWD EDVH IRU &HQWUDO *RYHUQPHQW SHQVLRQHUV HWF DUH EHLQJ
handled by CPPC. This facilitates faster and accurate payment of
SHQVLRQ DV ZHOO DV TXLFN VHWWOHPHQW RI IXQGV E\ 5%, 7LPHO\ FRPSODLQW
redressal system has also been established for pension complaints.
m b
'XULQJ WKH \HDU FKDOODQV RI 'LUHFW 7D[HV ZHUH
FROOHFWHG VLPLODUO\ FKDOODQV RI ,QGLUHFW WD[HV ZHUH FROOHFWHG
by the branches. Total commission to the tune of ` 3.20 crore was
UHFHLYHGRQ7D[FROOHFWLRQEXVLQHVV
7KH XQLTXH IDFLOLW\ RI 'LUHFW ,QGLUHFW 7D[HV 9$7 FROOHFWLRQ RI
Maharashtra is provided by the Bank, at the branch counter in all
EUDQFKHV WKURXJK 0DKD HVHYD VHUYLFHV (SD\PHQW RI 7D[HV IDFLOLW\
available for net banking customers is also available for Direct / Indirect
7D[HV9$7SD\PHQWVIRU*RYWRI0DKDUDVKWUD
7KH WD[ SD\PHQW IDFLOLW\ KDV EHHQ LQWURGXFHG IRU HSD\PHQW RI FXVWRP
GXW\ WKH 0DKDUDVKWUD 6WDWH WD[HV DUH FROOHFWHG WKURXJK LQWHJUDWLRQ LQ
*RYW 5HYHQXH$FFRXQWLQJ 6\VWHP *5$6 ERWK RQOLQH DQG DFURVV WKH
counters. The Bank has added Karnataka and Delhi states for collection
RI VWDWH *RYHUQPHQW FRPPHUFLDO WD[HV %DQN LV RIIHULQJ LWV VHUYLFHV LQ
9$7&ROOHFWLRQLQ83LQDOOEUDQFKHV
2.13 Non Interest Income
il dw ìlil w dil

31.03.2013 ` il il w d e
il il kl il ~ilw d
` il il e e il ~ il
e eil }} n ddd
fw dil
The non-interest income stood at ` 912.00 crore for the year ended
31.03.2013 as against ` 640.67 crore for the year ended 31.03.2012.
1RQLQWHUHVW LQFRPH RWKHU WKDQ SURW IURP VDOH RI LQYHVWPHQW
increased by ` 139.50 crore in the FY 2012-13, showing a growth of
22.19% over previous year. The Bank has received higher non interest
LQFRPH IURP UHFRYHU\ LQ ZULWWHQ RII DFFRXQWV IRUH[ EXVLQHVV DQG RWKHU
miscellaneous income.
bb{
,QFRPH([SHQGLWXUHDQG3URWDELOLW\
` il il ` ilil ee

il ilil e
The total income of the Bank grew from ` 7,854.63 crore to

` 10,525.43 crore indicating a growth of 34.00 per cent during the year.
22
d}il
7KHGHWDLOHGLQFRPHH[SHQGLWXUHFRPSRQHQWVDUHDVXQGHU
(` in crore)
` il
d wilf}
d
dilf wdw
wd
w d
ild
ww
f w
wn
}ln
}ln
ilw n
iln

dililh
2012-13

2011-12

(%)

2012-13
2011-12
Variation
(per cent)
Interest / discount on
advances / bills
7,298.50
5,490.63
32.93
Income on investments
2,231.28
1,708.57
30.59

Interest on interbank lending

RWKHU,QWHUHVW

Total interest income
9,613.43
7,213.96
33.26
Non-interest income
912.00
640.67
42.35
10,525.43
7,854.63
34.00
5,879.25
4,293.81
36.92
700.83
403.07
73.87
,QWHUHVWH[SHQGLWXUH

6WDIIH[SHQVHV

Total Income
Interest on deposits
Interest on borrowings
1RQVWDIIH[SHQVHV
7RWDO1RQLQWHUHVWH[SHQVHV

7RWDO([SHQVHV

2SHUDWLQJ3URW

Provisions and Contingencies
1,389.18
1,084.41
28.10

2012-13
2011-12
1HW3URW
2.15 :
d`
d ild
d d
eim} d
`
n` n
il ` n
nilìl
il ilìl
dilil
il wd
dilil il
w d
mm{{
dilil il

dilil ilil
}ln

} ` il
dhd,,
w },dhd,,
Particulars
2.15 Financial ratios
22012-13

2011-12

3.22

EPS (`)
11.88
7.59
Cost to Income Ratio (per cent)
45.54
52.02
Return on assets (per cent)
0.74
0.55
5HWXUQRQHTXLW\SHUFHQW

Book value per share (`)
67.10
54.06
3URWSHU%UDQFK` in lakh)
43.95
27.11
3URWSHUHPSOR\HH` in lakh)
5.59
3.12
Business per Branch (` in crore)
98.80
84.02
Business per employee (` in crore)
12.56
9.67
9.33
9.22
Interest Income as per cent to Average

Working Funds

3.10

Particulars
Non Interest income as per cent to

Average Working Funds
0.88
0.82
Net Interest Margin (per cent)
3.10
3.22
2SHUDWLQJ3URWDVSHUFHQWWR$YHUDJH
Working Funds
2.08
1.94
6WDII([SHQVHVDVDSHUFHQWWR$YHUDJH
Working Funds

1.15
1.42
Dividend (per cent)
23.00
22.00
Net worth (` Crore)
5,026.57
3,775.42
CRAR (%) (Basel II)
12.59
12.43
7.57
8.31
Of which, Tier I CRAR (%) (Basel II)

2.16 Capital from Government of India
{gj m
` il ` il il

il eim} w dd ild}il
il w eim} w il il
il il e
23
'XULQJ WKH \HDU WKH %DQN UHFHLYHG HTXLW\ VKDUH FDSLWDO DPRXQWLQJ WR
` 406.00 crore (including share premium of ` 334.12 crore) from
*RYHUQPHQW RI ,QGLD *2, WKURXJK DOORWPHQW RI VKDUHV RQ SUHIHUHQWLDO
EDVLV :LWK FDSLWDO LQIXVLRQ WKH VKDUH KROGLQJ RI *2, LQ HTXLW\ VKDUH
capital increased to 81.24 per cent as on 31.03.2013.
ilil },,w ddhdil il

` ilil },,f
2.17 Networth
2.17
The Banks Net worth increased from ` 3,775.42 crore as on

31.03.2012 to ` 5,026.57 crore as on 31.03.2013.
31.03.2012 ` il il il

` il e
2.18 Capital Adequacy Ratio
m {{b{
'XULQJ WKH \HDU WKH %DQN DOVR UDLVHG /RZHU7LHU ,, ERQGV DPRXQWLQJ WR
` 1000.00 crore @ 9.00 per cent p.a. to augment Tier II capital and CRAR.
il il il il w d ,, il d

w il il il
},w d,,ild
7KH &DSLWDO$GHTXDF\ 5DWLR RI WKH %DQN VWRRG DW SHU FHQW DV RQ
31.03.2013, against the minimum 9 per cent prescribed by RBI in terms
RI %DVHO ,, QRUPV 7KH 7LHU , FDSLWDO DGHTXDF\ UDWLR VWRRG DW SHU
cent under Basel II.
2.19 Dividend
2.19
il il ilhil

.
3.
The Board of Directors have proposed a dividend of 23 per cent for the
year ended 31.03.2013.
3.
3.1
3.1
il il e nh n w il il il il d il

il nilil iln}il
ilnh n}ilw l
den}il il ilnwh d}
ildil ffililil il ynh
n il il }
.
ilil nd ilil

31.3.2012
ORGANISATION AND SUPPORT SYSTEM

Branch Expansion
During the year, the Bank opened 139 new branches, the largest
QXPEHU RI EUDQFKHV RSHQHG E\ WKH %DQN LQ D QDQFLDO \HDU VLQFH
inception. As on 31.03.2013, the total branch network comprised
of 1728 branches spread over 29 states and 2 union territories. The
branch network includes specialized branches in the areas of foreign
H[FKDQJH JRYHUQPHQW EXVLQHVV WUHDVXU\ LQWHUQDWLRQDO EDQNLQJ
LQGXVWULDO QDQFH VPDOOVFDOH LQGXVWU\ DQG KLWHFK DJULFXOWXUH SHQVLRQ
SD\PHQW SHQVLRQ SURFHVVLQJ UHWDLO FUHGLW 6HOI +HOS *URXSV DQG DVVHW
recovery.
31.03.2013
$UHD ZLVH FODVVLFDWLRQ RI EUDQFKHV DV RQ LV JLYHQ LQ WKH
table below:
..

d

gjmv
6U1R &ODVVLFDWLRQ
$VRQ
$VRQ
Rural
546
591

6HPL8UEDQ

8UEDQ

Metropolitan
423
436

Total
1589
1728
3.2
3.2
Human Resources Management

The Bank has put in place a comprehensive HRM Policy that provides
WKHURDGPDSIRUDFTXLULQJDSSURSULDWH QHHGEDVHGKXPDQUHVRXUFHV
its development through training, job enrichment, reward and recognition
for better performance, career progression, welfare and retention.
il il il dil d f

ilil ilililh
w il e il il il il
n eilil w e
ilil dil il il ilil

il il l il
hhwh ,, d dil il dil il d il

e ildil f ilhh
il fil}il il il

d il d~ ilil ilhil wh
nd}lil il nd il }l
il il il il wh dw dww
il d il fil}il il nil
dilil }l ilil
To recognize outstanding performance in Banking activities and to

motivate others to perform better, various schemes like Better Managed
Branch/ Region trophy, cash incentives to all staff of Best Performing
%UDQFKHV HWF DUH LQ YRJXH LQ WKH %DQN 7KH H[FHOOHQW SHUIRUPLQJ
branch in disbursement of advances to SC/ST community is awarded a
Rolling Trophy in name of Bharat Ratna Dr. Babasaheb Ambedkar.
, ,
l il il n
During the year, 946 employees ceased to be in service on account of

retirement, resignation, termination and death.
24
'XULQJ WKH \HDU WKH %DQN UHFUXLWHG SUREDWLRQDU\ RIFHUV7KH %DQN
also recruited 329 Clerks during the year.
,QWHU VFDOH SURPRWLRQV RI RIFHUV ZHUH FDUULHG RXW IRU SURPRWLRQV WR
6FDOHV 00*6 ,, DQG DERYH7RWDO RIFHUV ZHUH SURPRWHG WR KLJKHU
scales in the year 2012-13.
il }l il il il il

wh il il il il h il il d}
il}}wd ililw
f il f il il wh il il

dil il
The Bank has endeavoured to promote a healthy industrial relations

FOLPDWH WKURXJK IDLU WUDQVSDUHQW DQG UP KDQGOLQJ RI LQGXVWU\ UHODWHG
matters.
, .
ilil il dwdwwdil
il il il il il il il
d il il il il il
n il dil ilh d e f il h d
il dwdwwililh ildil
il d il il d il fil
il dwdwwdhewhhil
dil il dw il e d il dw
.
The Bank has been complying with the reservation policy of

*RYHUQPHQW RI ,QGLD 6SHFLDO &HOOV DW +HDG 2IFH DQG DOO =RQDO 2IFHV
are functioning to monitor the implementation of the reservation policies
DQG WR UHGUHVV JULHYDQFHV RI 6&672%& 3K\VLFDOO\ FKDOOHQJHG
HPSOR\HHV DV ZHOO DV H[VHUYLFHPHQ 7KH %DQN KDV GHVLJQDWHG &KLHI
/LDLVRQ 2IFHU DW +HDG 2IFH DQG KDV VHW XS 6&67 &HOOV DW HDFK
RI LWV =RQDO 2IFHV IRU WKH SXUSRVH 'XULQJ WKH \HDU SHULRGLFDO
meetings were held with SC/ST/OBC Employees Association to discuss
implementation of reservation policy and other constitutional safe guards
and also to facilitate involvement in business growth. Similar meetings
were also held at Zonal level.
ilil il nil

..
7KH %DQN KDV EHHQ DOORFDWLQJ XS WR SHU FHQW RI LWV QHW SURW WRZDUGV
various schemes for the welfare of staff including retired staff. The
welfare schemes are administered by a Central Welfare Committee
FRQVLVWLQJRIPDQDJHPHQW HPSOR\HHVUHSUHVHQWDWLYHV
The number of employees belonging to different categories is as under:
Sr.
No.

1.
Women
Category of Employees
No. of
Employees
Percentage
to total
3378
24.85
181
1.33

il

ilil

2.
Physically Challenged

dwil

3.
SC Employees
2680
19.72

dwwil

4.
ST Employees
1010
7.45

d~ wil

5.
OBC Employees
1210
8.90
il ild}n hfil wil

.
5RVWHUV KDYH EHHQ PDLQWDLQHG DV SHU *RYHUQPHQW JXLGHOLQHV DQG DUH
regularly inspected/ checked.
Training Activities:
The Bank has a training system which facilitates attention to regular

SHULRGLF DVVHVVPHQW RI VNLOO JDSV DW YDULRXV OHYHOV LQ UHODWLRQ WR H[LVWLQJ
DQG HPHUJLQJ EXVLQHVV RSSRUWXQLWLHV 6NLOO EXLOGLQJ LQ FUHGLW IRUH[
customer relationship management, marketing of products and services,
credit monitoring and recovery, risk management, technology based
banking, branch management, complying with statutory, legal and policy
UHTXLUHPHQWV DQG SUHYHQWLYH YLJLODQFH UHFHLYHG VSHFLDO DWWHQWLRQ GXULQJ
the year.
il il f h il d il d

il d il il w
il lim il f d il
wn ilil d il n
il il il dild il d il il
eil il
hhe } f il il w

.
7KH WUDLQLQJ SURJUDPPHV ZHUH DOVR KHOG RQ WKUXVW DUHDV OLNH QDQFLQJ
60(VUHWDLOOHQGLQJDJULFXOWXUHQDQFHDQGUXUDOGHYHORSPHQW
ilil wil

.
ilililil il dil il
.
7KH %DQN KDV DQ DSH[ 7UDLQLQJ &ROOHJH DW 3XQH ZLWK WKUHH WUDLQLQJ
establishments operating under it, one each at Mumbai, Nagpur and
3XQH ,QIRUPDWLRQ 7HFKQRORJ\ 7UDLQLQJ ,QVWLWXWH DQG &RPSXWHU /DEV
WUDLQ WKH 2IFHUV DQG VWDII WR XWLOL]H LQIRUPDWLRQ WHFKQRORJ\ IRU HIIHFWLYH
FXVWRPHUVHUYLFHDQGHIFLHQWEDFNRIFHIXQFWLRQV
il il h
The highlights of training activity during the year are as under:
il ilkl h h w ilkl

dil ilhilklil ilhdilkld
.
383 training programs were conducted during the year out of

ZKLFKZHUHIRURIFHUVIRUFOHUNVDQGIRUVXEVWDII
dil il d d il il

il ilkl
Total of 7739 staff members participated in various training

SURJUDPV FRQVLVWLQJ RI RIFHUV FOHUNV DQG VXE
staff.
il d w d d ww d

.
A total of 1233 SCs, 428 STs and 1557 women employees were
trained during the year.
1605
.
During the year, 1605 employees were trained in Information

Technology.
25
il d lilhh
HPSOR\HHV ZHUH GHSXWHG WR GLIIHUHQW H[WHUQDO WUDLQLQJ

establishments.
d} il ilil il il

.
([HFXWLYHVZHUHGHSXWHGWR7UDLQLQJ,QVWLWXWHVRXWVLGH,QGLDIRU
,QWHUQDWLRQDO([SRVXUH
e w il dw dww il il h

ilkldwilhh
6 programmes for pre-promotional training to SC/ST employees

were conducted during May-June 2012. Total 158 candidates
attended the training.
il il il h

ilkl dw ilh h n il d
wilkl dwilhh
4 programs on pre-retirement counselling were conducted for the

employees retiring during the year. Besides lecture on investment
planning, health check up of participants were also arranged.
ililil f d il

ill il dw il e
272 .
7UDLQLQJ WKURXJK 9LGHR &RQIHUHQFH ZDV FRQGXFWHG RQ FUHGLW

appraisal, alternate business channel products, and marketing and
WD[SD\PHQWV,QWRWDOHPSOR\HHVSDUWLFLSDWHGLQWKHVHWUDLQLQJ
programmes.
3.3
3.3
Technology Initiatives
il il h d d

ilil il il dil e
il w il il lil
il il kl il d il
d ilh h d il h il il
. 502 37
dil il w il h h}h il il il h
il ild
nddililil
il il il il }l il d il il il
"" .
il il il h }il il f d
d il n h il il }il
f l h } }il d e}
}il d il kl il e il il

ddililil il wkl
e kl il hil il nd il f f
il il h d w w hh d w
.
hil dil } ,,, } } d w} il } il il e

w} il e} il il lil il
w il d}il ililw }f
il il ilwililwililil~h il
w ~ w} il e} il il il il
w}il ilile}il il il
il w
A state-of-art Tier III Data Centre and Disaster Recovery (DR) Centre
has been set up. The implementation of Near DR Site has also been
successfully completed, which would ensure to achieve the Banks Zero
'DWD/RVV2EMHFWLYHLQWKHHYHQWRIDQ\XQWRZDUGLQFLGHQW7KH%DQNLV
one of the few Public Sector Banks to implement Near DR Site over last
WZR \HDUV 7KH HIFDF\ RI 1HDU 6LWH LV WHVWHG WZLFH D \HDU GXULQJ '5
Drills conducted by the Bank.
h}h}il il il il n hild h}h

. 2012-13 37
dilw il hd h}h}ilil il
ild h}hd il
With the rising popularity of the ATM/Debit cards, the Bank intends
WR H[SDQG LWV $70 1HWZRUN ,Q WKLV GLUHFWLRQ GXULQJ WKH \HDU
%DQN H[SDQGHG LWV $70 1HWZRUN IURP WR UHJLVWHULQJ DQ
increase of more than 37 per cent. In the ensuing year, it is proposed to
increase the ATM base further.
hil ~ il il il h f il il f il hil

d h}h w il il e dil e
il il de h}hilwimilkl h
dil}
With a view to provide integrated technology services under one roof,

%DQN KDV LPSOHPHQWHG RQH PRUH $70 *DOOHU\ DW 6KLYDML 1DJDU 3XQH
7KH JDOOHU\ HPEUDFHV WKH QHZ WHFKQRORJ\ DQG SURYLGHV$70V &KHTXH
'HSRVLW 0DFKLQH &RLQ 9HQGLQJ 0DFKLQH DQG 6HOI 8SGDWLQJ 3DVVERRN
Printer.
d} } il il h il il d } il il h

hde ililililil il}il
.
The year 2012-2013 has been a momentous one for the Bank. The
Bank has been actively participating for successfully implementing
the technology initiatives such as Aadhaar Enabled Payment System,
Aadhaar Payment Bridge System, Rupay Kisan Card, Interbank Mobile
Payment System (IMPS), IT enabled Financial Inclusion and also
LPSOHPHQWLQJ WHFKQRORJ\ IRU SDUWLFLSDWLQJ LQ WKH 'LUHFW %HQHW 7UDQVIHU
LQLWLDWLYHV ODXQFKHG E\ WKH *RYHUQPHQW RI ,QGLD 'XULQJ WKH \HDU %DQN
H[SDQGHG LWV $70 1HWZRUN IURP WR $70V UHJLVWHULQJ DQ
increase of more than 37 per cent. Bank has been in the forefront of
7HFKQRORJ\LQ%XVLQHVV UHODWHGDFWLYLWLHV
26
%DQN KDV LWV RZQ &RUSRUDWH 1HWZRUN 0$+$1(7 ZLWK DOO %UDQFKHV
=RQDO 2IFHV 7UDLQLQJ &ROOHJHV &HQWHUV DQG +HDG 2IFH
interconnected and working under Core Banking Platform. Its robust
VHFXUH 1HWZRUN 7HFKQRORJ\ $UFKLWHFWXUH HQVXUHV VHDPOHVV VHUYLFHV
WR WKH FXVWRPHUV :LWK D YLHZ WR IXUWKHU HQKDQFLQJ WKH DYDLODELOLW\
reliability of the network, during the year Bank initiated the process
of migration of the network to highly redundant and reliable Multi
3URWRFRO /DEHO 6ZLWFKLQJ 03/6 931 9LUWXDO 3ULYDWH 1HWZRUN
based architecture. With this, Bank is sure that the Banks new network
is scalable so as to serve customers even better and introduce more
customer centric applications. The migration process is underway. As
a part of this process, the Bank has also pioneered in implementing
QLFKH QHWZRUN WHFKQRORJLHV VXFK DV * &'0$ HWF DV EDFN XS
communication media to ensure high availability to the branches.
%DQN KDV FROODERUDWHG ZLWK 9,6$ IRU ,QWHUQDWLRQDO 'HELW &DUGV DQG ZLWK
13&, IRU 5XSD\ 'HELW &DUGV %DQN KDV DOVR EHHQ WKH UVW %DQN WR
ODXQFK5XSD\.LVDQ'HELW&DUGD*RYHUQPHQWRI,QGLDLQLWLDWLYH
h } d
eim}il d il h il }} kl }l
il e il } eim}il d il
` 1.00
.
The paymHQWDQGVHWWOHPHQWV\VWHPVYL]57*6DQG1()7DUHUXQQLQJ
on robust platform facilitating straight-through-processing (STP) model.
,Q RUGHU WR SURPRWH HWUDQVDFWLRQV SRSXODUL]H WKH XVDJH RI 1()7
Transactions, Bank waived service charges on NEFT transactions up to
` 1.00 lakh.
ilil w h}h d}wh hehl} e}} il e

ileheil il ilhil
ilil dileilil il
il w il e il il h wd
w ilililil w
The Bank is also taking special efforts to encourage transactions

WKURXJK DOWHUQDWH FKDQQHOV VXFK DV $70 57*6 1()7 ,QWHUQHW
Banking, Mobile Banking, ECS etc. More than 30 per cent transactions
are carried out by customers through these alternate channels. Bank is
constantly pursuing efforts to enhance usage of these channels through
various incentive schemes which have been implemented during the
year.
e}} il }l il il il il de

f de eil d w
il il d h f ile e d il w
hhilil}n il n il il e
il e}} il d

il f il il il hil il hil il
h de } il h }e il il il
.
As a part of the effort to respond to the ever evolving information

security trends and the responsibility to enhance security features in
the Internet Banking facility, the feature of One Time Password (OTP)
KDV EHHQ LPSOHPHQWHG IRU EHQHFLDU\ UHJLVWUDWLRQ DQG RQOLQH PHUFKDQW
payments.
ililfeil
il il dl } il il il
h il il wilwil il h ilh
Bank has robust Information Security Management System (ISMS)

framework in place. Its information security policy statement being:
Bank of Maharashtra is committed to protect and safeguard the critical
information of all stakeholders in order to ensure secure business
RSHUDWLRQV
il d l il h il il eil }

} w} il } h h w il
il n il dehd d il
il il dehd il h
.
In order to strengthen the ISMS framework further, Bank had gone for
,62 &HUWLFDWLRQ IRU LWV ,7 GLYLVLRQ LQFOXGLQJ 'DWD &HQWUH
'LVDVWHU 5HFRYHU\ &HQWUH DQG &%6 3URMHFW 2IFH %DQN KDV HQVXUHG
FRQWLQXDWLRQRIWKH,62FHUWLFDWLRQIRUWKH\HDU
il ; d il il h

il il il e il il il
,
dkl n il
e il il il h dl w
nwklil w dh w il
ild f h} lh} }wh
Bank has set up captive Security Operations Centre (SOC) for

PRQLWRULQJ &ULWLFDO ,7 ,QIUDVWUXFWXUH RQ [ EDVLV 7KH 62& VKDOO
enable the Bank to effectively address security threats by constant,
proactive monitoring of security events and meet the compliance
UHTXLUHPHQWV 7KLV KDV HQDEOHG WKH %DQN WR DXWRPDWH WKH YXOQHUDELOLW\
discovery process by constantly analyzing the logs generated by the
core IT security and application infrastructure. The other services which
are under implementation are Anti-Phishing, Anti-Trojan services.

n n d e w il d n n w dil de
h ilil ildhhhe ile d
f il il d n dild il il h
d n d il h de d il il h
il e
9DULRXV IDFLOLWLHV DUH SURYLGHG WKURXJK RXU ,QWHUQHW %DQNLQJ SODWIRUP IRU
IDFLOLWDWLQJRQOLQHSD\PHQWRIWD[HVXWLOLW\ELOOSD\PHQWVRQOLQHVKRSSLQJ
HFRPPHUFH UDLOZD\ UHVHUYDWLRQ /,& SUHPLXP SD\PHQW HWF DQG
IDFLOLW\ IRU YLHZLQJ WD[ FUHGLW VWDWHPHQW $6 DQG 'HPDW DFFRXQW ZLWK
the Bank.
As a part of Customer Initiatives, during this year Bank implemented

many online facilities to customers for opening of savings bank accounts
and also accounts under New Pension Scheme. Bank also provided
facility for submitting applications online for various credit facilities
LQFOXGLQJ +RXVLQJ (GXFDWLRQ 9HKLFOH 060( DQG DQ\ RWKHU /RDQ
SURGXFW *HQHULF DSSOLFDWLRQ WR DFFRPPRGDWH DQ\ RWKHU FUHGLW IDFLOLW\
UHTXLUHPHQWRIWKHFXVWRPHU
il wil l h de il il

il il }il il il e il fn il h il
h wd il il ilhh il
d ilkl il dw il e
ilklile}}ililil w
wil h il d il
wil il eeil d~
d il eil il e e d il
deilililkl ildw ild
dwil il
In order to spread cyber security awareness amongst the customers,

and encourage safe online banking, Bank is proud to state that
VSHFLDO WUDLQLQJ SURJUDPV RQ &\EHU 6HFXULW\ ,7 $FW ZHUH FRQGXFWHG
IRU RXU FXVWRPHUV LQ 'HOKL -DLSXU =RQHV ,Q WKLV WUDLQLQJ YDOXDEOH
input on security check-points while operating Internet Banking facility
UHODWHG ,7 $FW SURYLVLRQV ZDV LPSDUWHG E\ SUDFWLFLQJ F\EHU VHFXULW\
SURIHVVLRQDOV 7KH WUDLQLQJV ZHUH ZHOO UHFHLYHG DSSUHFLDWHG E\ WKH
customers. Based on the feedback received, it is proposed to conduct
such training programs at other locations as well during this year.
il d e il} il d

w il il il hil}il }hil
il .
27
&KHTXH 7UXQFDWLRQ 6\VWHP &76 KDV EHHQ VXFFHVVIXOO\ LPSOHPHQWHG

LQ DOO WKH FHQWUHV XQGHU 6RXWKHUQ *ULG FRYHULQJ PDMRU FHQWUHV OLNH
Chennai, Bangalooru, Coimbatore, Chandigarh, Puducherry, Cochin and
Thiruvananthapuram.
il h n h d w il d il h

il il lililililil wd
w d wil w ~ e il d
d il h d
il iln wil w ilild
ilklddilililhil
ilil
ill il il il e il

ililililil dilil il
il h il w e
d il de il }il
hdehil wil dwn
ilkl dw il w il d il dil
il ill nd il il h il
wil hilnil file e
il nd d il } d il w

ilil il il ililw ildil
wildil} ilwil
d il~ il dl il il il ilil il

w n il il il h il il il
.
il w il } il il nh

2011
dild il il ilhil ilil
ilil ilne il ilhf

il il
Bank has successfully implemented the technology for Aadhaar Seeding

of the CBS accounts and Aadhaar Payment Bridge System. The
UHPLWWDQFHVIRUGLUHFWEHQHWWUDQVIHU'%7XQGHUYDULRXV*2,VFKHPHV
such as Annashree, Janani Suraksha Yojana, Student Scholarships etc.
are regularly being received and seamlessly credited to the accounts
RI WKH EHQHFLDULHV 7KH WHFKQRORJ\ LQIUDVWUXFWXUH LV VHW XS IRU WKH
LPSOHPHQWDWLRQRI'LUHFW%HQHW7UDQVIHU'%7SURJUDPRI*RYHUQPHQW
of India and the Aadhaar Enabled Payment System.
7KH 9LGHR &RQIHUHQFLQJ LQIUDVWUXFWXUH ZDV DXJPHQWHG GXULQJ WKH
\HDU 7KH LQIUDVWUXFWXUH LV H[WHQVLYHO\ XVHG E\ IXQFWLRQDO GHSDUWPHQWV
LQ +HDG 2IFH IRU LQWHUDFWLQJ ZLWK =RQDO 2IFHV WKDW KDV IDFLOLWDWHG
speedy decisions by the management and also reduced operational
FRVWV %DQN KDV DOVR HVWDEOLVKHG FRQQHFWLYLW\ ZLWK 1,%0 VXFFHVVIXOO\
FRQGXFWHGWUDLQLQJSURJUDPRQ5LVN0DQDJHPHQWLQZKLFKRIFLDOVIURP
YDULRXV =RQHV SDUWLFLSDWHG IURP DFURVV WKH FRXQWU\ 9LGHR &RQIHUHQFLQJ
facility is provided at one branch in each District Centre covering 227
Branches.
%DQN KDV LQVWDOOHG 6HOI 8SGDWH 3DVV %RRN 3ULQWLQJ PDFKLQHV DQG
&KHTXH 'HSRVLW 0DFKLQHV DW VHOHFW EUDQFKHV %DQN KDV FRPPHQFHG
issuance of bar coded passbooks to customers which can be used in
WKH6HOI8SGDWH3DVV%RRN3ULQWLQJPDFKLQHV
%DQN KDV FHQWUDOL]HG VRPH RI LWV EDFN RIFH IXQFWLRQV UHODWLQJ WR WKH
statements and returns thereby enabling the branch personnel to
concentrate more on business development and customer service.
$OO WKH EUDQFKHV RI 0DKDUDVKWUD *UDPLQ %DQN WKH 5HJLRQDO 5XUDO
%DQN VSRQVRUHG E\ WKH %DQN DUH ZRUNLQJ XQGHU &%6 VLQFH DUH
implementing various initiatives to be in tune to meet the demands of
customers and business development.
Bank proposes to take up following new IT Initiatives during 2013-14.
Branch Transformation Initiatives with focus on greater

SURGXFWLYLW\ EHWWHU FXVWRPHU H[SHULHQFH DFURVV GHOLYHU\ FKDQQHOV
improved sales performance, HR initiatives for talent management
VXFFHVVLRQSODQQLQJDQGEHWWHUFDSLWDOHIFLHQF\
fil il il d f

kl il h d dkl
wdw n
w il d f il
.
Implementation of Automated Data Flow (ADF) as mandated by

Reserve Bank of India.
ilildh}hh } il dh}hdh il

6XEVWDQWLDOO\LQFUHDVHWKH$70EDVH ZRUNWRZDUGV3URFXUHPHQW
RI%DQNV2ZQ$706ZLWFKDQG3D\PHQW*DWHZD\
n il il h ilil }il il il

.
,PSOHPHQW 7ZR )DFWRU %LRPHWULF$XWKHQWLFDWLRQ IRU %UDQFK 6WDII

Biometric Authentication for Customer payments.
e l il il il il d f

il iln eild
Integrated/versatile Mobile Banking application that can work with

variety of mobile phones and provide secure transactions.
&XVWRPHU&HQWULF,QLWLDWLYHVWDNHQE\WKH%DQN
The Bank has pursued high standards of customer service to ensure
customer satisfaction throughout the year.
3.4
il il h n il h il il il f

.
ilddil ilil il il il

il il d il d hhe il il il d
il d il il il il d
w il n il il il d
wild il il} ililwilh
.
il}il il ilhilil ilil

il il il il h il il il il
dilil ildil ilil
il ilil dil
d
As member of the Banking Codes and Standards Board of India

(BCSBI), Bank has adopted the Code of Banks Commitment
to Customers and Banks Code of Commitment to SMEs. Duly
GRFXPHQWHG SROLFLHV DSSURYHG E\ WKH %RDUG RQ 'HSRVLWV &ROOHFWLRQ
RI &KHTXHV LQVWUXPHQWV 5HGUHVVDO RI *ULHYDQFHV &RPSHQVDWLRQ
and Operational Procedure for settlement of claims of Deceased
'HSRVLWRUV DUH LQ SODFH 7KHVH SROLFLHV DUH GLVSOD\HG RQ %DQN
V
website.
The Committee of the Board on Customer Service meets periodically
WR PRQLWRU WKH TXDOLW\ RI FXVWRPHU VHUYLFH UHGUHVVDO RI FXVWRPHU
grievances to ensure customer satisfaction. The Standing Committee on
&XVWRPHU 6HUYLFH DW +HDG 2IFH DQG =RQDO /HYHO &XVWRPHU 6HUYLFH
&RPPLWWHHV DW DOO WKH =RQDO RIFHV DOVR PHHW UHJXODUO\ WR DGGUHVV DQG
review various customer related matters to take steps for improvement
on an ongoing basis.
28
nd il il il wil il

d il il il il nd
il il il w il il il d d f il
fil d ilh w il il il il
il il h il il il il il il
ild dil ilililil
dilil il
dilil il} il il il
il e h h d il

il nl ililil
Customer Service Committees at all the branches are formed and a

cross section of customers representing depositors, Corporates,
businessmen, senior citizens are invited to attend the Customer Service
PHHWLQJV DW %UDQFK=RQDO+HDG 2IFH OHYHO WR KDYH IHHGEDFN DQG
VXJJHVWLRQVRQVFKHPHVSURGXFWVDQGVHUYLFHV)XOOHGJHGJULHYDQFHV
redressal machinery is in place to respond promptly to customer
JULHYDQFHV &RPSODLQW 0DQDJHPHQW &HOOV DUH RSHUDWLYH DW +HDG 2IFH
DQG DOO =RQDO 2IFHV RI WKH %DQN 7KH &RPPLWWHH RI WKH %RDUG RQ
Customer Service and Standing Committee on Customer Service at
+HDG 2IFH PRQLWRU WKH SURJUHVV RI UHGUHVVDO RI FXVWRPHU JULHYDQFHV
regularly.
il ilw il il h h

il h fil dil il il h e}}
dilil
7KH %DQN KDV LPSOHPHQWHG DOO PDMRU UHFRPPHQGDWLRQV RI *RLSRULD

Committee, Dr.S.S.Tarapore Committee and Damodaran Committee
relating to customer service.
The Bank has in place internet based mechanism for lodging the
complaint or to give suggestions/ feedback on services by the
customers and for providing acknowledgement and status of their
feedback/ complaint.
il l il hil l il w il

wil il w
ildhde ile ddw
il d nd dd il d il e ile
il il filwil
%DQN KDV SULQWHG IROGHU FDOOHG 0\ )ROGHU FRQWDLQLQJ DOO FXVWRPHU
service policies, information on service charges, guidelines on
*RYHUQPHQW 6FKHPDWLF /RDQV 2PEXGVPDQ DQG %&6%, FRGHV
The same is printed in Marathi, Hindi and English and supplied to all
branches and Zones for making the same available to all customers on
demand.
ililwil
6WDQGDUGL]HG3XEOLF*ULHYDQFHV5HGUHVVDO6\VWHP
ililh e

il d ilh h ilil w il il il
kl il il d dw
wil hilm}ilil
%DQN LV LQ SURFHVV RI LPSOHPHQWLQJ 6WDQGDUGL]HG 3XEOLF *ULHYDQFHV

5HGUHVVDO 6\VWHP 63*56 LQWURGXFHG E\ *2, 02) 'HSDUWPHQW
of Financial Services, New Delhi on 11.06.2012. I T Department and
3ODQQLQJ 'HSDUWPHQW LQ +HDG 2IFH DUH GHYHORSLQJ ,Q +RXVH VRIWZDUH
IRU,QWHJUDWHG3XEOLF*ULHYDQFHV6\VWHP
il ildewil ililil
il il ildew}il il ilil

il il e deil d
Installation of Kiosk Machine for online registration of complaints:

.LRVN 0DFKLQH DUUDQJHPHQW KDV EHHQ PDGH DW +HDG 2IFH WR HQDEOH
the customers to register on line complaints/suggestions, and its
operation has started w.e.f. 14.03.2013.
b gj gj mfxxzz
3.5
KYC/AML
il il il d ilhhhhl} e

il d il il hhh il d hl} f
il il d il d f il il il
ileilhil nilfh
7KH%DQNKDV%RDUGDSSURYHG.<&$0/&)73ROLF\LQSODFH7KHVDLG
Policy is the foundation on which the Banks implementation of KYC
QRUPV $0/ VWDQGDUGV DQG &)7 PHDVXUHV LV EDVHG 7KH IXOO .<&
compliance entails staff education as well as customer education for
which the following measures are taken by the Bank.
il il il il e} il w il il d

il eil il wilil ilhilil il
- .
A comprehensive list of KYC documents is uploaded on the Banks

ZHE VLWH IRU WKH EHQHW RI FXVWRPHUV 5HJXODU WUDLQLQJ VHVVLRQV
DUH FRQGXFWHG RQ .<&$0/&)7 JXLGHOLQHV DW WKH %DQNV WUDLQLQJ
establishments to sensitize the employees.
mlx
3.6
l w} w} d il il wn w il

ilil il w ilil ild
wn d f il d il d il
il e il n wn f d wn il
ild
Risk Management
Banks are faced with a variety of risks while conducting day to day
banking operations. Bank has its Risk Management Frame work in
DFFRUGDQFH ZLWK WKH 5%, *XLGHOLQHV DQG EHQFKPDUNV LWVHOI DJDLQVW WKH
industry best practices. This enables the Bank to identify measure,
PRQLWRUDQGPDQDJHULVNHIFLHQWO\
il il il wn d il

il d il il wn dil il d
il il il wn dh
il d dh f wn
dh w wn hdh wn
ddh d hhd
il e il d il il d
ilil ililildile il
.
The Board of Directors of the Bank reviews all Risk Management

Policies and Strategies and establishes control systems in line with the
Banks aggregate Risk Appetite. The Board of Directors is supported
by the Risk Management Committee of the Board (RMC) and RMC
is supported by sub-committees known as Credit Risk Management
Committee (CRMC), Market Risk Management Committee (MRMC),
Operational Risk MDQDJHPHQW &RPPLWWHH 250& DQG $VVHW /LDELOLW\
0DQDJHPHQW &RPPLWWHH $/&2 7KHVH &RPPLWWHHV DUH KHDGHG E\
&KDLUPDQ DQG 0DQDJLQJ 'LUHFWRU DQG ([HFXWLYH 'LUHFWRU DQG *HQHUDO
Managers are the members of the Committees.
29
mlx{
Risk Management Policies
il ildwn il

LwnLLwwnLLLd
LY wn Y YL df}
YLL dw YLLL L[ wn il
ilil il f d il [ dil w
kldehh
Bank has put in place various Board approved Risk Management

Policies viz. (i) Credit Risk Management Policy, (ii) Market Risk
0DQDJHPHQW 3ROLF\ LLL $VVHW /LDELOLW\ 0DQDJHPHQW LY 2SHUDWLRQDO
Risk Management Policy, (v) Stress Testing Policy, (vi) Outsourcing
Policy, (vii) Business Continuity Planning Policy, (viii) Disclosure Policy,
L[ 8WLOLVDWLRQ RI &UHGLW 5LVN 0LWLJDWLRQ 7HFKQLTXHV DQG &ROODWHUDO
0DQDJHPHQW 3ROLF\ DQG [ ,QWHUQDO &DSLWDO $GHTXDF\ $VVHVVPHQW
Process (ICAAP).
}zmlx
wn il fil il fil il eil il

lildfil ilfilil
.
wnilwnhilddil wn
il w il dil d
il d il il
Credit Risk Management

Credit risk is the possibility of a loss being incurred as the result of
D ERUURZHU RU FRXQWHUSDUW\ IDLOLQJ WR PHHW LWV QDQFLDO REOLJDWLRQV
RU DV D UHVXOW RI GHWHULRUDWLRQ LQ WKH FUHGLW TXDOLW\ RI WKH ERUURZHU RU
counterparty. The Credit Risk Management process forms an integral
part of overall risk management of the Bank. The Bank has constituted
Credit Risk Management Committee (CRMC) which reviews the policies,
procedures and systems relating to credit administration and monitoring,
at periodic intervals.
il wn il h il f

wn il il e
ilil dil il
f wn d il il il il h il ,,

dild il d dil il wn } lil
ddhl d f il fil il }
.
7KH%DQNKDVSXWLQSODFHFRPSUHKHQVLYH/HQGLQJ3ROLF\/RDQ5HYLHZ
Policy and Credit Risk Management Policy for credit risk management.
The policies prescribe various guidelines, procedures, standards and
SUXGHQWLDOH[SRVXUHQRUPV
To evaluate the risk perception in a lending proposition, the Bank has
put in place an in-house developed Credit Risk Rating Framework
&55) IRU UDWLQJ RI H[LVWLQJ DV ZHOO DV HQWU\ OHYHO ERUURZHUV LQ YDULRXV
asset classes, as desired under Basel II. In house developed rating
PRGHO LV DOVR LQ XVH WR UDWH 1RQ6/5 ,QYHVWPHQWV 7KH %DQN XWLOL]HV
industry risk rating from reputed credit rating agency and incorporates
the industry risk score in the Credit Risk Rating Models. These models
DUH SHULRGLFDOO\ YDOLGDWHG E\ LQGHSHQGHQW H[SHUWV WR HQVXUH WKH HIFDF\
and relevance.
il}ilhhd il }ilh il

w il } hw f wn } il f il
dwn} fwndililh}il
ildilil ilhy e
ildil ililw
w il il d wn il d

il il } il ilh}
ilh wn il il w il il d il il h
nw d} il }de
dilhw }ilil wnd
.
il hil d il fild il wn kl il

eild,,dild ilkl ilil d
il d il } } dl il il h wn d
illil ilddildil e
The Bank has undertaken migration analysis of credit risk rating

of borrowers over a time horizon and probability of default has been
HVWLPDWHGLQOLQHZLWK%DVHO,,UHTXLUHPHQWV7RDFKLHYHULVNUHWXUQWUDGH
off, risk based pricing framework has been implemented and reviewed
periodically.
wnililhildil ndil
The Bank undertakes following studies periodically to assess Credit

Risk:
f ildil ild
&RPSOLDQFHWR3UXGHQWLDO1RUPVDVSHU/HQGLQJ3ROLF\
Credit Portfolio Review
Assessment of Credit Concentration Risk
4XLFN0RUWDOLW\RI/RDQVDQG$GYDQFHV
Country Risk Management
7KH %DQN KDV SUHVFULEHG WKUHVKROG UDWLQJV IRU HQWU\ OHYHO H[SRVXUHV
with a view to building up credit portfolio within the risk appetite and
DFKLHYHV WKH SURW SODQ :LWK D YLHZ WR VHSDUDWLQJ WKH &UHGLW 5LVN
0DQDJHPHQW IXQFWLRQ IURP FUHGLW VDQFWLRQLQJ &UHGLW$SSURYDO *ULGV DUH
VHWXSDWYDULRXVOHYHOVDQGDW7UHDVXU\ ,QWHUQDWLRQDO%DQNLQJ'LYLVLRQ
(TIBD), Mumbai, which assess the risk perception through a committee
approach.
wwnil
dd il}
wn
$JJUHJDWHH[SRVXUHRQRWKHUEDQNV
w}
Stress Test Report
Findings of these studies are placed before the Credit Risk

Management Committee (CRMC), Risk Management Committee (RMC)
and the Board on periodical basis.
ed ilw il dildwnwn

ilililw
30
mmlx
Market Risk Management
w deim} dilil

ilil wwn ilil ddw d
.
Market Risk is the risk to the Bank resulting from adverse movements in
PDUNHW SULFHV GXH WR FKDQJHV LQ LQWHUHVW UDWHV IRUHLJQ H[FKDQJH UDWHV
DQG HTXLW\ SULFH 7KH FKDQJHV LPSDFW WKH %DQNV HDUQLQJV DQG FDSLWDO
DQGFDQKDYHUDPLFDWLRQVRQWKH%DQNVOLTXLGLW\DQGSURWDELOLW\
ilil hililwwn w ildw

wn il il d d il~ il }
wnilil d il ilil
hdh il kld il wil il w
wn wn eim} wn d wn il
wn ildildil}il}d
,,, }il e
Bank has its separate Market Risk Management Committee which

UHYLHZV 050 3ROLF\ RQ UHJXODU EDVLV DQG UHSRUWV PRGLFDWLRQV LI DQ\
WR WKH 5LVN 0DQDJHPHQW &RPPLWWHH WKH %RDUG IRU DSSURYDO 7KH
Banks MRM Policy aims to set out the broad processes i.e. by which
WKH %DQN ZLOO LGHQWLI\ ULVNV LQ WKH DUHDV RI ,QWHUHVW 5DWH 5LVN )RUH[
5LVN (TXLW\ 3ULFH 5LVN DQG 2SWLRQV 5LVN 5HSRUWLQJ IUDPHZRUN KDV
been prescribed for internal reporting, Regulatory reporting and Pillar III
disclosures.
mmlx
Interest Rate Risk Management
w wn h wn w w il w il il

il ilw eilwdil
il ilil dd} il
,
e il dil il il il eim} il w
he il il w wn il fl
il w e kl
dw

dil
ilwilwwnililhn
ilil
Interest rate risk is the risk where changes in market interest rates
DIIHFW D EDQNV QDQFLDO SRVLWLRQ &KDQJHV LQ LQWHUHVW UDWHV LPSDFW D
EDQNVHDUQLQJVLHUHSRUWHGSURWVWKURXJKFKDQJHVLQLWV1HW,QWHUHVW
,QFRPH 1,, DQG DOVR LPSDFW D EDQNV 0DUNHW 9DOXH RI (TXLW\ 09( RU
Net Worth through changes in the economic value of its rate sensitive
assets, liabilities and off-balance sheet positions. The interest rate
risk, when viewed from these two perspectives, is known as earnings
perspective and economic value perspective, respectively.
Accordingly, Bank uses the following tools to manage interest rate risk:
7UDGLWLRQDO *DS $QDO\VLV 7*$ ZKLFK LV XQGHUWDNHQ WKURXJK WKH

SUHSDUDWLRQ RI ,QWHUHVW 5DWH 6HQVLWLYH *DS 5HSRUWV RQ D PRQWKO\
basis.
il}whw ildw

} il w
wn dw w il il w d

w il il d e d wn h d
wn d wn w wn wn
dwn}
Earning at Risk is based on Calculation of impact on NII due to

1% change in interest rates. It also takes into account Basis Risk,
Embedded Option Risk, Yield Cure Risk, Net Interest Position
Risk, Price Risk and Reinvestment Risk.
ddwhw eim} ilwhe w

il il d w wn il il il
ilil
'XUDWLRQ *DS $QDO\VLV '*$ ZKLFK IRFXVHV RQ WKH EDQNV

H[SRVXUH WR LQWHUHVW UDWH ULVN LQ EDQNLQJ ERRN ,55%% LQ WHUPV
RI VHQVLWLYLW\ RI 0DUNHW 9DOXH RI LWV (TXLW\ 09( WR LQWHUHVW UDWH
movements.
wwnil hil hhlhhhl}

d d il f h d il
fh il
Considering the interest rate risk in the portfolio, the Bank has set
XSSHU OLPLWV RI 0RGLHG 'XUDWLRQ IRU$)6+)7 FDWHJRU\ DQG DOVR
the upper limit for total investment portfolio.
9DOXH DW 5LVN 9D5 IRU WUHDVXU\ SRVLWLRQV LV FDOFXODWHG IRU 'D\
'D\VDQG'D\VIRU&RQGHQFH/HYHO
nw wnhdilil

dilhililw
il d il il wil il il

d w e il il il h d
dwd il w il il
wwndwnildil d
wn d il il il d
w d w il il d il
dilil d ililil il
il d d d
wn w wn il d ,,, d il
dddwdd
w dwil} }il e
wn il wn wn h h

f il ilw
wniln il h

, ,
d e} f il h
dil h d il h e d il d
il w
7KH %DQN KDV FRQVWLWXWHG $VVHW /LDELOLW\ 0DQDJHPHQW &RPPLWWHH

$/&2 ZKLFK PHHWV DW UHJXODU LQWHUYDOV WR UHYLHZ WKH LQWHUHVW UDWH
VFHQDULRV OLTXLGLW\ SRVLWLRQV LQ WKH EDQNLQJ ERRN HWF 7KH $/&2
PDQDJHV DQG VXSHUYLVHV /LTXLGLW\ 5LVN WKURXJK UHYLHZ RI UDWHV RI
LQWHUHVW RQ GHSRVLWV DGYDQFHV $/&2 DOVR PRQLWRUV DGKHUHQFH
to various risk limits and determines the business strategy in light of
SUHYDLOLQJ LQWHUHVW UDWH VFHQDULR DQG OLTXLGLW\ SRVLWLRQ LQ WKH PDUNHW ZLWK
DYLHZ WRRSWLPL]LQJ SURWDQG RYHUDOO EDODQFH VKHHWPDQDJHPHQW ZKLOH
managing interest rate risk.
7KH$/03ROLF\ZKLFKLVUHYLHZHGDQQXDOO\DQGDSSURYHGE\WKH%RDUG
SUHVFULEHV WKH SDUDPHWHUV IRU PDQDJHPHQW RI /LTXLGLW\ 5LVN ,QWHUHVW
Rate Risk, Basel III Compliance and lays down Strategies for Asset
/LDELOLW\ 3ULFLQJ 3URW 3ODQQLQJ DQG *URZWK 3URMHFWLRQV )XQGLQJ DQG
Capital Planning and Regulatory Reporting Framework.
Investment Risk is managed through the prescriptions made in the
,QYHVWPHQW0DQDJHPHQW3ROLF\ ,QYHVWPHQW5LVN0DQDJHPHQW3ROLF\
0DQDJHPHQW RI )RUHLJQ ([FKDQJH 5LVN SUXGHQWLDO OLPLWV IRU RSHQ

IRUHLJQ H[FKDQJH SRVLWLRQ DJJUHJDWH JDS SRVLWLRQ 'D\OLJKW OLPLW
Overnight limLW 1HW RSHQ RYHUQLJKW SRVLWLRQ 6WRS ORVV OLPLW /LPLW IRU
XQGHUWDNLQJ VZDSVLQYHVWPHQW ERUURZLQJ RYHUVHDV LQWHUEDQN H[SRVXUH
limits etc. have been put in place. These limits are monitored regularly.
31
n d d il d il d il

il im d il
wn il dil il w il w il
ddwildil il
w
{mlx
wn dil kl l }d il

d l il f il wn il il f
il d dn il il d
wn il ilil ilil}
IRU PDWXULW\ PLVPDWFKHV E\ UHYLHZLQJ VWUXFWXUDO OLTXLGLW\ SRVLWLRQ RQ

GDLO\ EDVLV DQG VKRUW WHUP G\QDPLF OLTXLGLW\ RQ IRUWQLJKWO\ EDVLV %DQN
LV FRQGXFWLQJ EHKDYLRUDO VWXGLHV LQ *$3 DQDO\VLV 6WUHVV WHVWLQJ LV
undertaken periodically.
Operational Risk Management

2SHUDWLRQDO ULVN LV WKH ULVN RI ORVV UHVXOWLQJ IURP LQDGHTXDWH RU IDLOHG
LQWHUQDO SURFHVVHV SHRSOH RU V\VWHPV RU IURP H[WHUQDO HYHQWV
%DQNV SULPDU\ DLP LV WKH HDUO\ LGHQWLFDWLRQ UHFRUGLQJ DVVHVVPHQW
monitoring, prevention and mitigation of operational risks, as well as
wn ddh wn

il il h il il ddh
wn il d il n wn
ilil ildde d dhh il n
h dil il wn il d dil
d il il il wn il
wn il fil il d f il
n e il wn il d
il f il fil il f
ilwnil ilwilwn
il ilwn il
il w il ilwil ildf}
il e w w fyilfil
ddf} wnil il
timely and meaningful management reporting.

The Operational Risk Management Committee (ORMC) meets regularly
WR UHYLHZ WKH PDWWHUV UHODWHG WR RSHUDWLRQDO ULVN 8QGHU WKH 2SHUDWLRQDO
Risk Management Framework and ORM Policy, Bank is identifying,
measuring,
monitoring
and
controlling/mitigating
operational
risks
by analyzing historical loss data, Risk and Control Self-Assessment

Surveys (RCSAs) and Key Risk Indicators (KRIs). The Bank has put in
place policy on Business Continuity Planning. A policy on outsourcing is
DOVRIRUPXODWHGZKLFKIDFLOLWDWHVXVHRIH[SHUWLVHDYDLODEOHLQWKHPDUNHW
ZLWKDGHTXDWHVDIHJXDUGVDJDLQVWULVNDVVRFLDWHGZLWKRXWVRXUFLQJ
8QGHU WKH 5LVN EDVHG VXSHUYLVLRQ 5LVN 3UROH 7HPSODWH FRYHULQJ YH
EXVLQHVVULVNVDQGWZRFRQWUROULVNVDUHSUHSDUHGRQTXDUWHUO\EDVLVDQG
submitted to RBI.
wn d il d d wn le }} il

il wn d wn ilh w
w ilil ilhw
Rating of the branches is being done under Risk-based Internal Audit

5%,$DQGWKHSRVLWLRQLVUHYLHZHGHYHU\TXDUWHU
wn d dil n il d nd il } il w

dil il il w
Implementation of Basel II
7KH /LTXLGLW\ 5LVN LV PHDVXUHG DQG PDQDJHG WKURXJK *DS DQDO\VLV
7KH %DQN LV %DVHO ,, FRPSOLDQW LQ WHUPV RI WKH 1HZ &DSLWDO $GHTXDF\
-II
Framework (Basel II) guidelines issued by RBI. Bank has adopted
w il w h w lil ,, il il

d il ,, dl w il il h
w il il il d il ilil }il wn il
hilild}ilwwnilhdilil}il
wnilhd,,ilddild
ildwnil ilhd}
hw il } il f il w il d
wnilildil
.
Standardized Approach for Credit Risk, Standardized Measurement

Approach for Market Risk and Basic Indicator Approach for Operational
5LVN DV SHU 5%, JXLGHOLQHV IRU FDSLWDO DGHTXDF\ FRPSXWDWLRQ ([WHUQDO
credit ratings from approved rating agencies are used for risk weighting
RI FRUSRUDWH H[SRVXUHV DV UHTXLUHG XQGHU %DVHO ,, %DQN KDV DOVR SXW
LQ SODFH D 3ROLF\ RQ 'LVFORVXUH 3ROLF\ RQ 8WLOL]DWLRQ RI &UHGLW 5LVN
0LWLJDWLRQ 7HFKQLTXHV &ROODWHUDO 0DQDJHPHQW DQG 3ROLF\ RQ 6WUHVV
Testing approved by the Board.
7KH %DQN KDV HYROYHG %RDUG DSSURYHG LQWHUQDO &DSLWDO $GHTXDF\

$VVHVVPHQW 3URFHVV ,&$$3 ZKLFK FRYHUV LGHQWLFDWLRQ DQG
il ddilw ilklil il

wil d ,, il il dild il
wndwnwwndwnil ~il
wnil d ilil w ilil,,
il dild il il} il
. 31 2013
.
measurement of risks other than Pillar 1 risks (i.e. Credit Risk, Market
5LVN 2SHUDWLRQDO5LVNWRPHHWWKHUHTXLUHPHQWVRI3LOODURI%DVHO,,
norms. The Bank has adhered to disclosure norms as stipulated in the
JXLGHOLQHVRI5%,WRPHHW3LOODUUHTXLUHPHQWVRI%DVHO,,7KH\HDUHQG
disclosures as on March 31, 2013 are part of the Annual Report and
also displayed on the Banks website.
dil m}d d il il e

w il il w il il } il
d ,,ilildw ilil l
dehhilf,,ildil}ililhwn
ild ilhh ildhimdh
w } l}ilhilw
,QKRXVH VRIWZDUH &UHGLW ,QIRUPDWLRQ DQG 0RQLWRULQJ 6\VWHP &,06

LV XVHG IRU FRPSXWDWLRQ RI &DSLWDO$GHTXDF\ XQGHU %DVHO ,, IUDPHZRUN
in line with RBI Master Circular on implementation of New Capital
$GHTXDF\ )UDPHZRUN GDWHG &,06 LV XVHG IRU JHQHUDWLQJ
credit risk statements for Standardised Approach under Basel II,
VWDWHPHQW RI XQDYDLOHG SRUWLRQ RI FUHGLW IDFLOLWLHV DQG FDSLWDO DGHTXDF\
UHSRUWLQ([WHQVLEOH%XVLQHVV5HSRUWLQJ/DQJXDJH;%5/IRUPDW
32
,, d wn f il d il d f

}il il il il w d wn il h
.
For implementation of the advanced approaches under the Basel II

framework and industry best practices in risk management, the Bank
has appointed consultants for Credit, Market and Operational Risk.
il ,, il f }il w wn d w

d il f }il wn hldedh
hdedh wn ilil d f }il
}hh hhh w wn dil }il dehh il
.
The Bank will enhance its Risk and Capital Management capabilities
by migrating to the Advanced Approaches of the Basel II framework.
Advanced approaches include Foundation and Advanced Internal
5DWLQJV %DVHG $SSURDFK ),5%$ $,5%$ IRU &UHGLW 5LVN
6WDQGDUGL]HGDQG$GYDQFHG0HDVXUHPHQW$SSURDFK76$ $0$IRU
Operational Risk and Internal Models Approach (IMA) for Market Risk.
il il il ,, il wil

il e ild d il
il il wn il ild d y il
il}filw
Improvement in awareness of Basel II norms amongst the employees

is ensured through training. Knowledge and skill levels of risk
PDQDJHPHQW WHDP DW +HDG 2IFH DUH FRQVWDQWO\ XSJUDGHG WKURXJK
H[SRVXUHWRH[WHUQDOWUDLQLQJVZRUNVKRSVDQGVHPLQDUV
Implementation of Basel III
III
w il ,,,w ilililhe
il w ilh d
.
w il il ,,, L il il il wn

il dl il il f d LL d
hd d d hhlhd il il
d il il il il d il w d w
ilfilil il ildh
n w il w il
dililil dilwh
w ilw ilhh,,,il ililil

il h il il f d d il
d}il}ilwh
5%, KDV LVVXHG *XLGHOLQHV RQ ,PSOHPHQWDWLRQ RI %DVHO ,,, &DSLWDO
5HJXODWLRQV LQ ,QGLD RQ QG 0D\ 7KHVH *XLGHOLQHV ZLOO EHFRPH
effective from April 1, 2013 in a phased manner.
%DVHO,,,JXLGHOLQHVRI5%,KDYHDOVRLQWURGXFHGLDPLQLPXP/HYHUDJH
Ratio of 4.5 per cent as an additional standard of riskiness of a Banks
EDODQFH VKHHW LL /LTXLGLW\ VWDQGDUGV E\ ZD\ RI WZR OLTXLGLW\ UDWLRV
QDPHO\ /LTXLGLW\ &RYHUDJH 5DWLR /&5 DQG 1HW 6WDEOH )XQGLQJ 5DWLR
(NSFR). During the parallel run between January, 2013 and January,
EDQNVZLOOVWULYHWRPDLQWDLQDPLQLPXP/HYHUDJH5DWLRRISHU
FHQW7KHUHJXODWRU\OHYHUDJHUDWLRUHTXLUHPHQWVZRXOGEHSUHVFULEHGE\
RBI after a parallel becomes effective from Jan. 1, 2018.
%DQN LV KDYLQJ DGHTXDWH 0,6 IRU LPSOHPHQWDWLRQ RI WKH %DVHO ,,,
guidelines issued by RBI and reporting/ disclosures will be done as per
periodicity prescribed.
3.7
Internal Control Systems
3.7
Inspection & Concurrent Audit:

:
wn il d il il il f il il il h
il nildililfdh
:
w il l il d il h il il dil
il il il il h il nd il dil nd il
il w il il il d il h il
dil il hil d nd
il wnddilndil d wnd
dilnddehil dil
n il il ildd il

il
w ilil ilil
n n ddle} il

d il il
,QWHUQDO$XGLWRIEUDQFKHV
Inspection of more than 63 per cent of total branches was conducted
so as to cover more than 62 per cent of the business of the bank while
complying with the Jilani Committee recommendations. Complying with
WKH5%,*XLGHOLQHVWKH%DQNKDVDOVRVWDUWHG5LVN%DVHG,QWHUQDO$XGLW
of the branches w.e.f. 01.01.2013 on standalone basis as against the
conventional internal inspection and RBIA being done on parallel basis
earlier.
During the year, the Bank has implemented some strategic decisions so
as to strengthen the internal control system such as,
il il dil il w il h il~

il il ililw il
7KH ,QVSHFWLRQ DQG$XGLW V\VWHP YDULRXV PHDVXUHV RI LQWHUQDO FRQWURO

DUH DGRSWHG E\ WKH %DQN WR HQVXUH LGHQWLFDWLRQ DVVHVVPHQW DQG
mitigations of operational risks.
2Q WKH VSRW UHFWLFDWLRQ RI DWOHDVW SHU FHQW LUUHJXODULWLHV GXULQJ
the course inspection itself in the branches.
Implementation of Document mechanization system.
Initiating the process of Web Based application system so as to

improve Branch Inspection, Concurrent Audit system and Off-site
surveillance.
diln il w ilhilil l

.
The Bank is prepared to implement Seth Committee Recommendations

so as to strengthen the Internal Audit System.
ilil ildil ililn ilh

il dw il w il f
l h h wn il f h d n
il h dwn il fil ilil
fil ilil dilwil
During the year, the Bank also organized conference of all Inspecting
2IFLDOV DQG +HDGV RI ,QVSHFWLRQ &HOOV VR DV WR XSGDWH WKHP RQ
policies, procedures, business environment, opportunities and
challenges for banks, emerging areas of risks and their role in alerting
WKH 7RS 0DQDJHPHQW RI H[LVWLQJ DQG LPSHQGLQJ ULVNV DW EUDQFKHV DQG
RIFHV
33
Surprise Inspection:
il l il d nd il f wn

ilhnd dililil
Surprise inspection of 91 branches, focusing mainly on high risk

DUHDV ZDV DOVR FDUULHG RXW LQ SXUVXDQFH RI *KRVK &RPPLWWHH
recommendations.
Concurrent Audit:
wnddilnw ilw ildil

d il il } il il dl il il d
.
The Bank also ensured concurrent audit of its branches and departments
which covered business of 51 per cent of aggregate deposit and 74.29
per cent of total advances in addition to business covered in RBIA.
Income & Expenditure Audit:
:
d il d il fil il il h dl

il dilhnd il dnil e
il dil il d ilnil e
,QFRPH ([SHQGLWXUH $XGLW IRU WKH SHULRG IURP 2FWREHU WR
September 2012 was carried out at 995 branches to identify and
UHFRYHU LQFRPH OHDNDJH LI DQ\ +DOI \HDUO\ H[SHQVHV DXGLW RI DOO WKH
=RQDORIFHVZDVFDUULHGRXWGXULQJWKH\HDU
Management audit:
dil dilil il dil

kl fil ilil ilhnil e
)RU DVVHVVLQJ WKHLU HIIHFWLYHQHVV RI =RQDO 2IFHV DQG GLIIHUHQW

GHSDUWPHQWV LQ WKH +HDG 2IFH LQ WHUPV RI VXSHUYLVLRQ DQG FRQWURO
0DQDJHPHQW $XGLW RI =RQDO RIFHV DQG GHSDUWPHQWV DW +HDG
2IFHZDVFDUULHGRXWGXULQJWKH\HDU
gjbxgj xgjbx{m gjgjz
RBI Inspection under Section 35 of the Banking Regulation Act:
il d il il d w il il

.
The Bank was also subject to RBI inspection under Sec.35 of the
Banking Regulation Act. Besides that two branches were also inspected
during the year.
AML:
%DQN KDV DOVR UHYLHZHG WKH $0/ SDUDPHWHUV DV SHU ,%$ JXLGHOLQHV
DQG 3UHYHQWLRQ RI $QWL 0RQH\ /DXQGHULQJ $FW ,Q RUGHU WR LPSURYH WKH
HIFDF\RIWKH$0/V\VWHPLWLVSURSRVHGWRKDYHFHQWUDOL]HG$0/FHOO
3.8
Vigilance
9LJLODQFH DFWLYLW\ LQ WKH %DQN LV DQ LQWHJUDO SDUW RI WKH PDQDJHULDO
IXQFWLRQ ,WV REMHFWLYH LV WR HQKDQFH WKH OHYHO RI PDQDJHULDO HIFLHQF\
HIIHFWLYHQHVV DQG WR HQVXUH D SURSHU FOLPDWH IRU DQ HIFLHQW
DGPLQLVWUDWLRQZKHUHRIFLDOVFDQSHUIRUPWKHGXWLHVZLWKRXWDQ\IHDURU
IDYRXU 9LJLODQFH LQ WKH %DQN LV PDLQWDLQLQJ D SURSHU EDODQFH EHWZHHQ
H[LELOLW\DQGDFFRXQWDELOLW\
3UHYHQWLYH 9LJLODQFH LV WKH PRVW LPSRUWDQW DVSHFW RI YLJLODQFH :LWK D
view to improve functioning at all levels, the Bank has taken several
necessary steps.
)UDXG 5LVN 0DQDJHPHQW 3ROLF\ RQ SUHYHQWLRQ GHWHFWLRQ FODVVLFDWLRQ

and reporting of frauds including action to be taken, has been adopted
by the Bank and circulated for the guidance and use of the branches
DQGHOGIXQFWLRQDULHV
C dl him h}} dl h il

il il d il
h n il dl il il ilil il
il ilililh nildil fil }il C
ilh}ilfil}d
il
9LJLODQFH 0DQXDO KDV EHHQ LVVXHG E\ WKH EDQN DQG YDULRXV DVSHFWV RI
vigilance and other related issues have been dwelt upon for information
DQGQHFHVVDU\DFWLRQRIWKHHOGIXQFWLRQDULHV
ilww wil il ilhh ild

il h w } il e } il il
ilild ilChil} dlw
}l}e}

2Q 1$7,21$/ 9,*,/$1&( (;&(//(1&( $:$5' )25

IRU WKH FDVH VWXG\ 6KDGRZ RI ([FHOOHQFH $QWHFHGHQWV RI D 3YW
/WG &RPSDQ\ ZDV DZDUGHG DW WKH KDQGV RI 6KUL 3UDGHHS .XPDU +RQ
&KLHI9LJLODQFH&RPPLVVLRQHUWRWKH*HQHUDO0DQDJHU &KLHI9LJLODQFH
2IFHUDQGKLVWHDP
2Q WK$XJXVW WKH 9LJLODQFH 6WXG\ &LUFOH 0XPEDL &KDSWHU KDV
given 2nd prize for best case study submitted by the Bank in respect of
REWDLQLQJ RI 9LVD E\ IUDXGXOHQW PHDQV 7KH FDVH VWXG\ ZDV WLWOHG DV $
&DVH6WXG\RI*RRG3XUSRVHEXWZLWK)UDXGXOHQW,QWHQWLRQV
3.9
Compliance
il il il h d il

il il d il il
ililh ilhililil
ililwh
3.8
il il il d d eil f il

il d il il d il il h f
ilil w dil d il il d
ililil ililil dw ilf
.
ww il }filfililil dfil }
il il w il il h ww wn
il il h f il ilild
.
3.9

w il il il d il d e
d n d dil il n d ilil
il il ilil
il d il d il il f
The Bank has put in place a Compliance Policy, based on the

guidelines of Reserve Bank of India. The Compliance Department,
KHDGHG E\ WKH &KLHI &RPSOLDQFH 2IFHU PRQLWRUV WKH FRPSOLDQFH
functions. It ensures the implementation of the statutory/regulatory
34
il n dil d il w il

d il il wil il h dil}l il
hdwilkl dhilil
guidelines coming into force from time to time. The status of compliance
is placed for review to the Top Management / Audit Committee of
the Board periodically. To improve the awareness on the compliance
functions in the Bank, sessions are appropriately included in various
WUDLQLQJSURJUDPPHVDUUDQJHGIRUWKHRIFHUVVWDIIPHPEHUV
3.10
0DUNHWLQJ 3XEOLFLW\
ilil il ilildwil

eild~ililf il
dil ilkl il w il w il il
il n}lildwil
il il }il il il }il l}
fd
Bank in association with Indian Banks Association conducted

BANCON-2012 at Pune. Event was widely publicized throughout the
country. Bank also sponsored many programs like supply of Fans water
SXULHUV HWF WR 5XUDO *RYW 3ULPDU\ 6FKRROV 'ULQNLQJ ZDWHU WDQNV WR
=LOOD 3DULVKG 6DWDUD XQGHU UXUDO SXEOLFLW\ DQG :DWHU 7DQNHU WR 1DJDU
3DULVKDG6KULUDPSXU3XQH)HVWLYDO0XVLF)HVWLYDOHWFIRUSXEOLFL]LQJ
Banks brand image and various Banks products.
3.11
3.11 Citizens Charter
il il dil il il e dil

il ililil il ilfnildilil
.
dilw} dimil il ilhw
ililildil il ilil

mgjgj
4.
SOCIAL BANKING
4.1
4.1
Priority Sector Lending
,WKDVEHHQWKHFRQVWDQWHQGHDYRURIWKH%DQNWRIDFLOLWDWHHTXLWDEOHDQG
sustainable economic development by timely and hassle-free availability
of credit for productive purposes to Small and Marginal Farmers, Micro
6PDOO (QWHUSULVHV 5HWDLO 7UDGHUV 3URIHVVLRQDO 6HOI (PSOR\HG
Women Entrepreneurs and entrepreneurs from economically weaker
sections.
The Bank has adopted the Charter since 2000-01, which details the
duties and responsibilities of the Bank towards its customers. The
Charter is displayed at all the branches and at the website and has
been updated from time to time. The Bank has also adopted a Citizen
&KDUWHURI5%,RQH[FKDQJHRIQRWHVDQGFRLQV
ilil il dililh f

l}il wlf dil
ilwil fl il filw d
fil hddilililwh
31 2013 ` il
ilw wilil
The outstanding advances under Priority Sector as of 31st March

2013 aggregate to ` 24719.36 crore, constituting 43.20 per cent of the
Adjusted Net Bank Credit.
2012 ` il il il

w il e wil dil e
The rise in Priority Sector Advances in absolute terms is ` 5520.36

crore over previous year March 2012, resulting into growth of 28.75 per
cent on y-o-y basis.
4.2
ilildil ilhil ` il

il ilh il il il il d d
il e e w il il il eil
` il
4.2
Agriculture
The Bank disbursed ` 3237.88 crore for agriculture and allied activities
during the year 2012-13. The total outstanding advances to agriculture
sector have shown a growth of 30.93 per cent on y-o-y basis, to reach a
level of ` 7972.50 crore as on 31.03.2013.
ild il ilhil il il fil

h nd ilhwil ilkldwilh
The Bank undertook awareness/sensitization programmes for all the

branches for increasing advances to agriculture by providing hassle free
credit to farmers.
4.2.1
0DKDEDQN.LVDQ&UHGLW&DUG0.&&
e w il il dw il w eil

lil d w il w il il il il
il kl} il w ilh il hil
il il il ` il wil
de
This scheme gained popularity especially in rural areas where it is

being propagated successfully and vigorously. The Bank has issued
WRWDO .LVDQ &UHGLW &DUGV WR IDUPHUV &UHGLW RZ WR 0.&&
EHQHFLDULHV KDV LQFUHDVHG WR ` 3,019.42 crore as on 31.03.2013,
resulting into growth of 47.63 per cent on y-o-y basis.
4.3
4.3 ()
Micro and Small Enterprises (MSE)

SMEs are recognized as a major growth engine for the Indian economy.
They generate opportunities for direct and indirect employment by
facilitating use of natural resources and local skills to stem the tide
of migration to urban areas and promote low investment enterprises.
Finance is made available to viable enterprises at an attractive and low
UDWH RI LQWHUHVW 2Q OLQH HQTXLU\ SRUWDO LV PDGH DYDLODEOH RQ WKH %DQN
V
website during the year.
h f il d il il il d w

fil f il il d il dil
il ilhildilil ilfil hh
dwildil dilililwf
ilh h il il il e} d e ~~ } f
.
35
il il h il h h il

d il d d f d e} il il
d~} f ilil il il d df il
.
The Bank KDV DGRSWHG 6LPSOLHG /RDQ $SSOLFDWLRQ IRU 06(V DQG WKH
VDPH LV GLVSOD\HG RQ WKH %DQN
V ZHEVLWH 7KH %DQN KDV DOVR DGRSWHG
%DQN
V &RGH RI &RPPLWPHQW WR 0LFUR DQG 6PDOO (QWHUSULVH DQG LW LV
GLVSOD\HGRQWKH%DQN
VZHEVLWH
h f il ilil f il ` ilil

w il il ` il il e e il
dil e
4.3.1 Maha-Entrepreneur
4.3.1 -
8QGHU WKH VFKHPH WKH %DQN LV SURYLGLQJ IRU VXSSRUWLQJ 60(V LQ UXUDO
DUHDV QDQFH XS WR ` 100.00 lakh to Micro and Small Enterprises
ZLWKRXW&ROODWHUDO6HFXULW\DQGRU7KLUG3DUW\*XDUDQWHH
il il h f il } w il

d e w il n il il } l d
illililwilw}hhe ild
il il il il w il d fild il
` il il w ilh il }
wildilw
$FFRXQWV XQGHU WKH VFKHPH DUH FRYHUHG XQGHU &UHGLW *XDUDQWHH )XQG
6FKHPH IRU 0LFUR 6PDOO DQG 0HGLXP (QWHUSULVHV RI *RYHUQPHQW RI
India. The Bank is bearing the entire guarantee fee and 50 per cent
RI DQQXDO VHUYLFH IHH ZKLFK LV WR EH SDLG WR WKH 7UXVW XQGHU &*706(
The Bank sanctioned loans of ` 764.35 crore to 9,534 borrowers under
this scheme up to March 2013. During the current FY, coverage under
&UHGLW*XDUDQWHH)XQG6FKHPHKDVLQFUHDVHGE\SHUFHQW
gjgj {z mfmf
5.
IMPORTANT SCHEMES/PROJECTS OF THE BANK
5.1
Credit Flow to Retail Sector
e w il d h f il il d d }

il } ilildilnilfil

5.1
The Bank is providing retail loans to salaried persons, professionals,

businessmen and pensioners for purchase of consumer durables, two/
four wheeler vehicles and also for other personal needs.
il l d il fl h

d dlildild }f
.
5.1.1 Centralized processing of retail loans
5.1.1
7KH %DQN
V OHQGLQJ WR 0LFUR DQG 6PDOO (QWHUSULVHV ZKLFK ZDV DW WKH
level of ` 8,630.82 crore as at 31.03.2012, increased to ` 11,288.91
crore as at 31.03.2013, which translates into a y-o-y growth of 30.80 per
cent.
The Bank has opened 15 Retail Assets Branches and 18 Retail

3URFHVVLQJ &HQWHUV FRYHULQJ DOO WKH =RQHV IRU KDVVOH IUHH DQG TXDOLW\
disbursement of retail loans.
il d l}il il h d

}dnh d}ililh
gjz }zm
0DKDEDQN*ROG/RDQ6FKHPH
d il il hil

, , , ,
e w il dild il il h w il
.
dild il il h il il il
wil l}ilfdil
gjrb}zm
0DKDEDQN7RS8S/RDQ6FKHPH
il il d ild il dl il h il

il il}d w il hl}il
fildil

il il d w il d d il
fild
7KH %DQN KDV LQ SODFH +RXVLQJ /RDQ 6FKHPH WR PHHW WKH QHHGV RI DOO
economic segments including NRIs. Financing housing sector in rural
and urban parts of India is a thrust area.
The Banks lending to housing sector has grown by 34.05 percent
during the year to reach the level of ` 6,578.24 crore as at 31.03.2013.
7KH %DQN LV DOVR LPSOHPHQWLQJ *ROGHQ -XELOHH 5XUDO +RXVLQJ 6FKHPH
RI WKH *RYHUQPHQW RI ,QGLD LQ UXUDO DUHDV KDYLQJ SRSXODWLRQ QRW
H[FHHGLQJ %DQN KDV ODXQFKHG RQOLQH IDFLOLW\ IRU DSSO\LQJ IRU
housing loan during the year, which has evoked good response.
ililild il e dil

ilililh ild
ililil w dwililil
ilil d dilhded
il w
2QH SHU FHQW ,QWHUHVW 6XEYHQWLRQ RQ +RXVLQJ /RDQ XS WR ` 15.00
Lakh
5.2.1. ` l{gjgjb}z fgj{{gjmb

,Q RUGHU WR H[WHQG DGGLWLRQDO FUHGLW VXSSRUW WR RXU UHJXODU KRXVLQJ
ORDQ ERUURZHUV %DQN KDV ODXQFKHG DQRWKHU QHZ 5HWDLO /RDQ SURGXFW
0DKDEDQN7RS8SORDQVFKHPHZHI
+RXVLQJORDQWRSXEOLF
bm{gj b}z
*ROGRUQDPHQWV DUHWKHWUDGLWLRQDO DQG LQKHULWHG IRUPRIVDYLQJV DPRQJ

WKH SHRSOH LQ ,QGLD %HLQJ RQH RI WKH PRVW OLTXLG DQG SUHFLRXV DVVHW
it serves as a dependable and acceptable form of security to raise
ORDQV IRU PHHWLQJ LPPHGLDWH QDQFLDO QHHGV IRU EXVLQHVV DJULFXOWXUDO
consumption purposes such as marriage, medical, educational
H[SHQVHV HWF :LWK D YLHZ WR PHHW WKH UHTXLUHPHQW RI RXU FXVWRPHUV
%DQN KDV ODXQFKHG D QHZ 5HWDLO /RDQ SURGXFW 0DKDEDQN *ROG /RDQ
6FKHPHZHI
ilil ildil ` nilild

il fild il il il w d il ` 25.00
. ilwildfild il
ilileil
36
$VSHU*2,JXLGHOLQHV%DQNKDVSURYLGHGSHUFHQWLQWHUHVWVXEYHQWLRQ
to borrowers, who availed housing loans upto ` 15.00 lakh, with cost
of project upto ` 25.00 lakh. During the year 2012-13, 4262 number of
borrowers EHQHWHGXQGHUWKHVFKHPHWRWKHH[WHQWRI` 5.28 crore.
b zgj}zm

5.3
il il h il ~ il f il il

d il d il w il il il
il ililil ` ilw ~ ilh
h il him il w il il h de d il il
fil
5.4
5.4
il d il dil d il il h

. -
ill hil ~d w de
ynd ildil
il il il il w

il il ` ilil
.
Model Educational Loan scheme

With the objective of ensuring that all deserving students get opportunity
to pursue higher education, the Bank implemented a Model Educational
/RDQ 6FKHPH$V RI 0DUFK WKH %DQN KDG OHQW ` 551.59 crore to
27,149 students. The Bank has provided the facility of submission of
application for education loan through web-access (on line) also.
Micro Finance
The Bank has always recognized the importance of credit to rural and
XUEDQ SRRU IRU WDNLQJ HFRQRPLF DFWLYLW\ 7KH 6+*V KDYH SURYHG WR EH
effective instruments for empowerment of women. Bank has specialized
6+*EUDQFKHVLQDOOVL[OHDGGLVWULFWVDQG*RUHJDRQ0XPEDL
$V RQ WKHUH ZHUH 6+*V IRUPHG E\ WKH %DQN RXW
RI ZKLFK 6+*V KDYH EHHQ OLQNHG ZLWK WKH EDQN FUHGLW ZLWK
outstanding of ` 169.89 crore as on March 2013.
$VVLVWDQFHWR6&67EHQHFLDULHV
bmbmm~ gj {

7KH %DQN KDV EHHQ DFWLYHO\ H[WHQGLQJ QDQFH WR 6&67 EHQHFLDULHV
WKURXJK YDULRXV VFKHPHV 7RWDO QDQFH DV RQ WR 6&67
EHQHFLDULHV VWRRG DW ` 1,160.67 crore, constituting 24.73 per cent of
advances to weaker sections.
5.6
Advances to Minority Community
$ VSHFLDO FHOO KDV EHHQ VHW XS DW +HDG 2IFH WR UHYLHZ HQVXUH
VPRRWK RZ RI &UHGLW WR PLQRULW\ FRPPXQLW\ $V RI 0DUFK WKH
outstanding advances to minority communities were at ` 1871.39 crore
WREHQHFLDULHV
ilwdildwdwwilkl
il ilildwdww il il
` ililw ilw il d il
5.6
dnil il il il d eil

il ilhilililil hilililil
2013 ` ililw
.
'RRU6WHSEDQNLQJ6HUYLFHV
5.7
Bank has introduced Door Step Banking Services for its High End
Customers and the services include Corporate and Retail Cash pickup
DQG GHOLYHU\ &KHTXH &ROOHFWLRQ 6HUYLFHV DW FOLHQWV 'RRUVWHS 7KH
Service has been initially introduced in Mumbai and Pune on Pilot basis
in the current year.
il d il il ililh ildil d

d il il il il} h n il d il
.
5.8 -
5.8
hde il il w il d il il

d} kl} il il il il } h
il il ilw ilil d il il
il w ilh
BOM SBI International Credit Card

Bank is offering Co-branded International Credit Card to its customer
under tie-up arrangement with SBI Cards. The card is offered in two
variants viz. Platinum and gold card. As on 31st March 2013, the
outstanding number of Cards issued to its customer is 16603.
5.9
5.9
Retail Sale of Gold Coins
il d il imil il nkl dil

dil il il imil imilhilh
} }w hh n w d eil d
.
~ imildh
il ~il kl dil eil ildil il
%DQN KDV LQWURGXFHG UHWDLO 6DOH RI *ROG &RLQ RQ RQ LWV
)RXQGDWLRQ 'D\ DQG KDV VROG NJ RI *ROG &RLQV LQ )< 7KH *ROG
Coin is procured from MKS mint (Switzerland) S.A and is of 999.9 per
FHQW SXULW\ DQG FRPHV &HUWLSDFN ZLWK LQWHUQDWLRQDO DVVD\ FHUWLFDWLRQ
%DQN KDV ,QWURGXFHG *ROG &RLQ LQ JP JP JP DQG JP ZLWK
GHLW\ DQG ZLWKRXW GHLW\ EDU IRU JP JP VWDQGDUG7KH SULFLQJ LV
kept competitive with other banks.
il d wdil w hil il dil deil

ilil dimd imilil
n il ilil ~} il w nd
il d wildn n il ilil
Bank has introduced Maha Swarna RD scheme for one year term
with monthly installment not less than ` 600 p.m. and customers get
a concession of ` SHU JP RQ WKH SXUFKDVH RI *ROG &RLQ RXW RI WKH
maturity proceed. All branches are authorised to open Mahaswarna RD
scheme.
rm

}wilhilhhhild il wil
nh n d w nd il ~il hhh il
dh il wil } w n n il h
defile e
1DWLRQDO3HQVLRQ6\VWHP6ZDYODPEDQ

37
%DQN LV UHJLVWHUHG ZLWK 16'/ DV 323 IRU 1DWLRQDO 3HQVLRQ 6\VWHP
EUDQFKHV LH EUDQFKHV H[FOXGLQJ EUDQFKHV OLNH 6HUYLFH EUDQFK
$VVHW5HFRYHU\DUHUHJLVWHUHGZLWK16'/DV323632QOLQHIDFLOLW\WR
open NPS A/c is provided.
il}welwilhhldhilwil
nnhhe}de}dlil hhhil
wil ilnh ilil wilil
il il}wil wil
2XU%DQNLVUHJLVWHUHGDVDJJUHJDWRUZLWK3)5'$IRU136/LWH6FKHPH
3XQH 0DLQ %UDQFK LV UHJLVWHUHG ZLWK 16'/ DV 136 /LWH RYHUVLJKW
RIFH 1/22 EUDQFKHV DUH UHJLVWHUHG DV FROOHFWLRQ FHQWUHV LQ
March 2013. Bank is creating awareness on NPS among various
customers.
tmv
5.11 Tie Up
5.11.1ffbcfgjfvmfmrgj

il } }il il dl e hhdeh il
w il w il hhdeh il w hw} il
il il il il } e}
il il h d il il wil d f e} il h
.
5.11.1 Empanelment as lead Generation agent for SHCIL.

Bank has entered into tie up arrangement with Stock Holding
&RUSRUDWLRQ RI ,QGLD /WG 6+&,/ LQ 0DKDUDVKWUD ZKHUHLQ %DQN LV
HPSDQHOOHG ZLWK 6+&,/ DV WKH OHDG JHQHUDWLRQ DJHQW 7KH EDQN UROH
is to popularize e-stamping system across Maharashtra and provide
LQIRUPDWLRQ WR FXVWRPHUV DQG JXLGH FXVWRPHUV WR 6+&,/ RIFH IRU WKHLU
e-stamp business.
5.11.2 '''' ''2''

il d il ilhf}l }e
il dil ilh}edl ilwil
5.11.25HPLW,QGLDE\7LPHVRIPRQH\
Bank has tie up with timesofmoney for introducing remit India an online
platform for remittance of funds by NRI customers.
5.11.3bcbcbfrfbfrcbj gj{r

il d e}}ilil ilheil df
fil ilhdededh}hdh}edl ilw
.
5.11.3 Payment Gateway of IBIBO, ATOM, Times of Money

Bank has tie up with IBIBO, ATOM and timesofmoney for facilitating
e-commerce and utility bill payment facility to its internet banking
customers.
5.11.4

il hdd il ilehdw
wwlilwil
5.11.4(&60DQGDWHDQG'LUHFW'HELW6\VWHP
%DQN KDV WLHG XS ZLWK %DMDM )LQDQFH /WG IRU (&6 0DQGDWH YHULFDWLRQ
of Fresh Mandate and Direct debit system of PDCs.
5.11.5

ilil d ilwil w ilil nd
d il h il il il il e
ilhililklil~ ilde
. 5
.
5.11.5 Online Fee Collection

{mgj{
il w wd il h il il il il h il
} w il n n il n il
.
6.
il } il w il d il il

il il n il w n }} il
il }} il w e w il il ilil
e w il dhl } e il d
l }} il }} w h}h il
}} d il il wil w d hw
d d il w il il e il
f
Bank has entered into tie up with various Institutions during the year
where bank is getting commission on collection of fees for Institute from
%UDQFKHV7KH%DQNLVFROOHFWLQJRQOLQHIHHFROOHFWLRQIRU0XPEDL8QLYHUVLW\
IURP WKH VWXGHQWV DSSHDULQJ IRU H[WHUQDO HGXFDWLRQDO SURJUDPPH 7KH
0XPEDL8QLYHUVLW\VHOHFWHG%DQNIURPWKHJURXSRI%DQNV
CORPORATE SOCIAL RESPONSIBILITY
Bank contributed ` /DNK WRZDUGV &KLHI 0LQLVWHUV 5HOLHI )XQG IRU
GURXJKW UHOLHI WR WKH VWDWH RI 0DKDUDVKWUD WR KHOS *RYHUQPHQW LQLWLDWLYHV
for agriculture and water projects.
The Rural Development Centres at Hadapsar and Bhigwan in
Pune District of Maharashtra have been undertaking various rural
GHYHORSPHQWDO DFWLYLWLHV IRU WKH EHQHW RI IDUPHUV YL] /DE WR /DQG
Project, Re-development of Saline Soils, Soil Testing etc. Bank has
HVWDEOLVKHG 6RLO 7HVWLQJ /DE 67/ WKURXJK 0$5'() 7UXVW DW 5'&
%KLJZDQLQDVVRFLDWLRQZLWK5&)/WG0XPEDL,QWKHODEVDPSOHVRIVRLO
ZDWHUDUHWHVWHGDQGFRXQVHOLQJLVGRQH)DUPHUVIURPWKHGLVWULFWVRI
3XQH$KPHGQDJDU6RODSXUDQG6DWDUDDUHWDNLQJEHQHWRIWKHODE
A Trust viz. Mahabank Agricultural Research and Rural Development
Foundation (MARDEF) established by the Bank, undertakes various
projects and village improvement programmes. MARDEF is imparting
WUDLQLQJ WR IDUPHUV RQ YDULRXV VXEMHFWV LQ DJULFXOWXUH HJ 'DLU\ *RDW
rearing, best practices in farming, application of fertilizers, agriculture
credit schemes, etc. MARDEF Trust has implemented 105 training
SURJUDPPHV IRU IDUPHUV DW 5'& %KLJZDQ +DGDSVDU DQG KDV
EHQHWHGIDUPHUVIURP$SULOWR0DUFK
il il il d d il lf l

il il il ilkl d wh
ldildil nfil ilfilwd
il wil e w il il il il
l}} ddilil ilkl
ililhd ililh
The Bank has established Seven Mahabank Self Employment Training

Institutes (MSETI) for providing training to rural youth and women
WR HQDEOH WKHP WR DFTXLUH VNLOOV IRU VHOIHPSOR\PHQW WKURXJK VPDOO
business enterprises. The Institute has centers located at Pune, Nagpur,
Aurangabad, Amravati, Jalna, Thane and Nasik. The Institute has so far
imparted training to 9449 educated unemployed youth, with a settlement
rate of 71 per cent.
il d d il ~} il f il

w ildwil ilhilw
h} il il il d
d w il il d il
d il il hilil
38
il il whh hil

il il d
f il il il kl il
il il il il
f il il il
n dfil dil
*UDPLQ 0DKLOD 9D %DODN 9LNDV 0DQGDO *09%90 DQ 1*2 IRUPHG
by Bank of Maharashtra and National Institute of Bank Management is
actively involved in formation, nurturing, training and ensuring linkage
RI 6+*V WR %DQN &UHGLW 7KH *09%90 DOVR KHOSV 6+*V LQ PDUNHWLQJ
SURGXFWV RI 6+*V WKURXJK RXWOHWV HVWDEOLVKHG LQ 3XQH &LW\ XQGHU WKH
QDPH 6$9,75, 7KH *09%90 JXLGHV DQG DFWLYHO\ KHOSV 6+*V IRU
VHOHFWLRQDQGSXUFKDVHRIUDZPDWHULDOVDQGTXDOLW\SURGXFWLRQ
il il wd il wil f il il h ~ d w

il d w h
hlhil ilil
7KH%DQNKDVRSHQHG)/&&FHQWHUVLQ6L[/HDG'LVWULFWVQDPHO\3XQH
1DVLN $XUDQJDEDG 6DWDUD -DOQD 7KDQH IRU FUHDWLQJ DZDUHQHVV
about banking schemes.
wil il il il il d

il dilh ilwn ilh
il il h w il il ~ il
ildil ilh il wn
il }il ililnililh
h d n n h n h d n n
nd n h
ilil il il fil il il

.

ww il ild
il il ilh}il ww}}
il ilh ililw il

ilhililh
w ilh}} ilw ildw
il w il il n il }il w ~ il

il ~il
il il il il d

il w il il h } l w il n d ~
ililhilil ` il
.
ilild ilh eilh

d h w il h n il wil il
d dw dil il
f hn il d il w il ilh
dwilil

bz gjm
As a part of corporate social responsibility, Bank has implemented

)LQDQFLDO ,QFOXVLRQ 3ODQ IRU H[WHQGLQJ EDQNLQJ VHUYLFHV LQ VHUYLFH DUHD
villages with population below 2000 for the period 2013-2016 with
DSSURYDO RI %RDUG 'XULQJ ODVW \HDU DV SHU H[WHQVLRQ RI 6ZDEKLPDQ
Bank has covered 569 villages with population between 1600 to
2000 for FI purpose. During 2012-13, total enrolments made are 1.64
ODNK ODNK DFFRXQWV KDYH EHHQ RSHQHG E\ %&$V DQG ODNK
Basic Savings Deposit Bank accounts have been opened by the
branches.
%DQN KDV KHOSHG YDULRXV 1*2V GXULQJ WKH \HDU H[WHQGLQJ QDQFLDO
VXSSRUW WR DFTXLUH QHFHVVDU\ LQSXWV IRU FDUU\LQJ WKHLU DFWLYLWLHV 7KHVH
include the following:
)L[LQJRIDUWLFLDOOLPEVWRWKHQHHG\SDWLHQWV
'LHVHO *HQHUDWRU VHW IRU WKH VFKRRO PHDQW IRU SK\VLFDOO\

challenged children
%XLOGLQJ FODVVURRP .LQGHUJDUWHQ HTXLSPHQWV IRU WKH QHHG\

mentally retarded and cerebral palsy children, cancer patients and
Old age home.
Conducting cancer detection camps in slums for the needy.
Bank awarded Mahabank meritorious scholarships to 309 meritorious

VWXGHQWVGLVWULFW ZLVH DOO RYHU ,QGLD ZKHUHYHU %DQN KDV H[LVWLQJ EUDQFK
network.
Bank contributed ` HDFK IRU *RYHUQPHQW DLGHG SULPDU\
VFKRROV IRU LPSURYLQJ WKH EDVLF IDFLOLWLHV VXFK DV ZDWHU SXULHU IRU
drinking water, Electric fans and construction of toilets for improving
hygiene.
Moreover Bank has always stood for the cause of society by
contributing at large for improving medical facilities, vocational training,
basic amenities etc. Bank is also helping emerging sports persons at
EXGGLQJ VWDJH E\ VSRQVRUVKLSV DQG SURYLGLQJ QDQFLDO DVVLVWDQFH WR
bring the glory to the Nation and contributing to social cause.
bz gjm

} w il d w d w il e e
f d ililfilile
e f w il d il il il il il f il il
~ il ew ilhwh
il w d d il il e il il w il
d w il d ilil ilil
il ilil
m{gj{

il} w wililwilwil
il il il il w il w il
dw ilwwd ilil
il il il dw il
il ildwilil hililildwil
w il il il il l il eil
d} iln il edhh nl
il f il h d w il il il
39
7.
LEAD BANK SCHEME
7.1
Lead Bank Scheme
%DQN KDV /HDG %DQN UHVSRQVLELOLW\ LQ HLJKW GLVWULFWV RI 0DKDUDVKWUD
State viz. Aurangabad, Jalna, Nasik, Mumbai City, Mumbai suburb,
3XQH 6DWDUD 7KDQH 7KH UHVSRQVLELOLW\ RI ZRUNLQJ DV OHDG EDQN LQ
the districts of Mumbai and Mumbai Suburb Districts was given to bank
GXULQJ WKH ODVW QDQFLDO \HDU7KH DFKLHYHPHQW RI$QQXDO &UHGLW 3ODQ LQ
the districts where bank was working as lead bank was 144 per cent of
the targets allotted to the districts as of March 2013.
7.2
State Level Bankers Committee
%DQN LV WKH &RQYHQHU RI 6WDWH /HYHO EDQNHUV &RPPLWWHH 6/%& IRU
the State of Maharashtra. Quarterly meetings are held regularly to
oversee the implementation of State Annual Credit Plan, Priority Sector
OHQGLQJ QDQFLDO LQFOXVLRQ DQG *RYHUQPHQW 6SRQVRUHG 6FKHPHV LQ WKH
6WDWH ,Q DGGLWLRQ WR IRXU TXDUWHUO\ PHHWLQJV D VSHFLDO 6/%& PHHWLQJ
was convened, the focus of which was kept on lending to agriculture
and particularly for crops. The same was chaired by the Chief Minister
RI 0DKDUDVKWUD 7KH &KDLUPDQ 6/%& WRRN WZR H[FOXVLYH PHHWLQJV RI
/HDG 'LVWULFW 0DQDJHUV WR ERRVW XS OHQGLQJ GXULQJ .KDULI VHDVRQ DQG
to review other important issues. As a result, banks in Maharashtra
dwileill} il lil

ild d
dil d il il h

f il il d il il w il h w }
w il e il w e} }
nd il il l d il il il il
ilh fil d} il
de} d il il h il il h } il il il
il wn dld}ilh
w il il wil il w d il il

.
d il d klil il h ilh w d
il il il dw il e eil dl il
w il d eil il n il
il f w nh n h}h il d
il h f il il il il h d
.
achieved 102 per cent of crop loan targets showing 31 per cent rise on
y-o-y basis.
$V 6/%& &RQYHQHU VWDWH VSHFLF QDQFLDO LQFOXVLRQ 3ODQ 6ZDEKLPDQ

was drawn for 4292 unbanked villages (having population over 2000)
LQ WKH 6WDWH RI 0DKDUDVKWUD IRU H[WHQGLQJ EDQNLQJ VHUYLFHV 7KH EDQNV
in the state achieved 100 per cent coverage of the allotted villages for
SURYLGLQJEDQNLQJVHUYLFHVWKURXJKEULFN PRUWDUEUDQFKHVDSSRLQWPHQW
of Business correspondents and kiosk type models. Additional 2852
villages with population between 1600 to 2000, were allotted to banks in
Maharashtra for providing ICT based doorstep banking services.
$VFRQYHQHUVRI6/%&%DQNLVDOVRFRRUGLQDWLQJZLWKDOOPHPEHUEDQNV
LQ LPSOHPHQWLQJ 'LUHFW %HQHW 7UDQVIHU $V &RQYHQHU EDQN KDV WDNHQ
special emphasis on opening of accounts and seeding of Aadhaar
QXPEHUV RI WKH EHQHFLDULHV 7KH PHHWLQJV ZHUH FDOOHG ZLWK 'LVWULFW
collectors and with member banks apart from regularly writing to all the
concerned about the progress of the scheme and its importance. Bank
has also taken the lead in monitoring the progress for making available
the delivery channels such as opening of branches, installation of ATMs
and providing the services of Business correspondent.
7.3
Registrar for Aadhaar (UIDAI)

The Bank is non-state Registrar for enrolment of Aadhaar (A 12
GLJLW XQLTXH LGHQWLFDWLRQ QXPEHU WR UHVLGHQW RI ,QGLD IRU WKH 8QLTXH
,GHQWLFDWLRQ$XWKRULW\RI,QGLD8,'$,
bxbcvfbcgjfmr

il d il h dil il } klil il

dwil ilh}ililwil il
h}}w}
Bank has completed the enrolment process on pilot basis at Pune,

Mumbai and Thane for issuance of Aadhaar successfully with enrolment
of 56,781 residents. Bank has further accelerated the process and
has appointed enrolment agencies for issuance of Aadhaar in 10
clusters. These agencies have completed more than one lakh Aadhaar
enrolments.
il e il } klil w il

il h kl il il lil w il il
kl d e d w il il h il
hw il lil ehw hiln dildilil
.
The functionality of linking of Aadhaar number to bank account number

is also made available by Bank to open Aadhaar Enabled Bank
Accounts (AEBA). This will enable the account holders to receive
*RYHUQPHQW IXQGV EHQHWV GLUHFWO\ WR WKHLU EDQN DFFRXQWV %DQN KDV
seeded around 7 lakhs Aadhar numbers to their accounts.
d il n heh n il h il n il d klil

il il ililfile e e nilil
d n il il il n d
klil il filn w ilil il
)LQDQFLDO,QFOXVLRQSODQ6ZDEKLPDQ
|m
dilnn il dild

h h f il d il il
il n ilil d
ilfil il
il il il d} n il

f il de} w il
il il il
il il wn f ile
il il il il il
w il d il d il l n
wil `
Swabhiman movement facilitates opening of bank accounts, provide

QHHG EDVHG FUHGLW UHPLWWDQFH IDFLOLWLHV DQG KHOS WR SURPRWH QDQFLDO
literacy in rural India using various models and technologies including
branchless models through Business Correspondents (BC) / Customer
Service Providers (CSPs).
il ildwd ildil w

ililn il dwil ililwh
ew w nd il il
eilililhwil ililnhd
fil n il d klil il d
nd n n il il wil f il il
ilhhe n ilhhm}
, ilw ile e d
y h h n il il w il il
d iln il dklil il w il
40
%DQN KDV EHHQ LPSOHPHQWLQJ ,7 HQDEOHG QDQFLDO LQFOXVLRQ IRU

providing branchless banking in all the unbanked villages allotted to
our bank. Bank has covered 1215 villages (phase-I) under Swabhiman
through 1133 Customer Service Providers (CSPs) and 569 villages
having population below 2000 (phase-II). During year 2012-13 bank
KDV HQUROOHG FXVWRPHUV WKURXJK %& DJHQWV DW WKH HQG RI
March 2013 we are having 19,54,047 no frill accounts with balance of
` 1,07,72,94,420/-
*RYW RI ,QGLD KDV GHFLGHG WR LPSOHPHQW WKH VFKHPH RI 'LUHFW &DVK
7UDQVIHU RI VXEVLGLHV LQ QRWLHG VFKHPHV GLUHFWO\ WR WKH %DQN
DFFRXQW RI WKH EHQHFLDU\ LQ GLVWULFWV 2XW RI WKHVH GLVWULFWV ZH
are operating in 33 districts with 395 branches. For implementing the
VDPH DOO WKH EHQHFLDULHV RI WKH VFKHPH VKRXOG KDYH EDQN DFFRXQWV
DQG WKHLU DFFRXQWV DUH UHTXLUHG WR EH VHHGHG ZLWK $DGKDDU 1XPEHUV
of WKH EHQHFLDULHV 7KH DFFRXQW RSHQLQJ LV LQ SURJUHVV LQ DOO WKH
branches. Every effort has been made for creating awareness among
WKH SHRSOH VLJQ ERDUGV DUH GLVSOD\HG DW SURPLQHQW SODFHV SDPSKOHWV
were distributed, Davandis (Munadi) are made in villages on weekly
bazaar days, and advertisements have been given in local news papers.
Branch staff has been sensitized for implementation of the project
DV ZHOO DV IRU OLQNLQJ RI $DGKDDU QXPEHU WR EHQHFLDULHV DFFRXQWV
n n il we h d il il n n il h

wilil
opening of accounts of Aadhaar enrollees who have given consent to

open the account with our bank.
il ildilililn w ilhil

hilnildnd il } w d
nil
As on 31st March 2013 our bank has 41,21,253 accounts with 4,83,239
accounts seeded with Aadhaar number in 33 DCT districts, through 395
branches under one family one account.

gjgj |jdbm{~f
8.1

} ilhililwilw il il
dwiln} w ilil ilnh
il il w } w il w w
.
2012-2013
il il il dl } d } il
fil d il d w wn d d
il wil il h ` il h e il
}ilil ~ il d wil il
` il
351 .
} il e nh n ddnh n il w
.
ilklild d} il de} d

il d d il il
d h il l il h d n n h
.
ililililhilil h fil ilil
` n il il w w il
d w il il il d }
il d d il ilil wn
il h f il w il
} il d nd w il h
.
8.
SUBSIDIARIES/JOINT VENTURES AND SPONSORED INSTITUTIONS
8.1
Performance of Regional Rural Bank
0DKDUDVKWUD *UDPLQ %DQN 0*% LV D 5HJLRQDO 5XUDO %DQN VSRQVRUHG

E\RXU%DQNKDYLQJLWV+HDG2IFHDW1DQGHG0DKDUDVKWUDVWDWH7RWDO
no of branches as on 31.3.2013 stood at 351 in its area of operation
covering 16 out of 33 districts of Maharashtra State.
'XULQJ WKH \HDU DV SHU *2, SROLF\ 0*% KDV UHFHLYHG
recapitalization support of ` 13.32 crore for improving Capital to Risk
Asset Ratio (CRAR) from all stake holder in the proportion of their share
KROGLQJ RI LH *RYHUQPHQW RI ,QGLD %DQN RI 0DKDUDVKWUD
DQG *RYHUQPHQW RI 0DKDUDVKWUD UHVSHFWLYHO\ 7KXV WRWDO DPRXQW RI
recapitalisation received during the last three years (i.e. from 2010-11
onwards) stands at ` 104.00 crore from all stake holders.
$OO EUDQFKHV FRQWUROOLQJ RIFHV DUH QRZ XQGHU &%6 'XULQJ WKLV
\HDU0*%RSHQHGQHZEUDQFKHVDQGSODQVWRRSHQIXUWKHUPRUH
8QGHU)LQDQFLDO,QFOXVLRQSURJUDPPHDOODOORWWHGYLOODJHVDUHFRYHUHG
under ICT based model. Integration with service provider has been
FRPSOHWHG DQG WKH %& KDV VWDUWHG RSHUDWLRQV IRU 0*% E\ DSSRLQWLQJ
%&$VDQG RSHQLQJ RIDFFRXQWV 0*%KDV DOVR QDOLVHG FRPPHUFLDO WLH
up at a total project cost of ` 608.75 lakh with Technical service provider
IRUSURYLGLQJEDFNHQGWHFKQLFDOVHUYLFHVWRLPSOHPHQWQDQFLDOLQFOXVLRQ
$V SHU 5%, JXLGHOLQHV 0*% KDV SUHSDUHG D QDQFLDO LQFOXVLRQ SODQ IRU
providing banking services in villages with less than 2,000 population
LQ WKH QH[W WKUHH \HDUV LH WR 0*% LV UHDG\ ZLWK WKH 1()7
functionality for general public for all its branches since Nov. 2011.
'XULQJ WKLV \HDU 0*% KDV JURZQ E\ SHU FHQW LQ WRWDO
deposits and 38.09 per cent in advances. It has achieved all the
YH 62, WDUJHWV IRU WKH \HDU 7KH SRVLWLRQ RI WDUJHWV DQG
achievement are as under:-
il } il il w il

d il e il d
31.03.2012

31.03.2013

Parameter
As of
31.03.2013
Performance of RRBs
w

'HSRVLW*URZWKLQSHUFHQW

d

$GYDQFH*URZWKLQSHUFHQW

Branches under CBS (Nos.)
339
351

3URWSHUHPSOR\HH`LQ/DNK

No. of loss making branches

(being 12 months old or more)
38
18
hildnh n
il ` n

dild
r fgkmgkrfzvrr gj rgj

il il il h f il il h il dl } il
d il } himwim} h }} il }il
il e h

As of
31.03.2012
,
w wil ilild
h} il h d il

41
8.2
The Maharashtra Executor & Trustee Company Pvt. Ltd. (METCO)
7KH 0DKDUDVKWUD ([HFXWRU 7UXVWHH &RPSDQ\ 3YW /WG 0(7&2 WKH

100% subsidiary of Bank of Maharashtra was established in 1946 with
DQDLPWRSURYLGHVHUYLFHVDX[LOLDU\WREDQNLQJVXFKDV
ConsulWDWLRQ'UDIWLQJ ([HFXWLRQRIZLOO
Consultation, Drafting and Management of Private Trusts / Public

Trusts
0DQDJHPHQWRILQYHVWPHQWV KRXVHSURSHUWLHVDVDWWRUQH\
*XDUGLDQVKLSRIPLQRUVSURSHUW\
il n kl ilh

-
il d e d eil n

.
il il il il d h w

il w d wil il n e il
w e il n e il il il d d
il iln e
il h d il n il

d il w d il d il
il il il il d
.

m{gjgj
il il w il il fn
f il
wil f wdilil

il il d il il il
il ilil wilil il il
il fn il il il
il ilil e dlil
il w il w il

e il il il h il
ilileilwil
wild wilil
d dilil il il
d d il n il w il

n w il il
.
il wnil d ililil

dil w ildww il
il ilw ilil il il fl
.
il w il il il f

il h h il il il il } d
il il ililil ilil
wil ilde ilil e
lil
w il d il d
ilil f ilildwilw
n }lf
il e w il il wil e

il dilild e
Consultation for sale/purchase of property
)LOLQJRI,7D[5HWXUQVIRULQGLYLGXDOV
7KH&RPSDQ\LVORFDWHGDW3XQHKDYLQJLWVEUDQFKXQLWVDW3XQH9DVKL
Mumbai, Thane and Nagpur.
During 2012-13, company could get new assignments for management
RI DGGLWLRQDO 7UXVWV EULQJLQJ WRWDO 3XEOLF 3ULYDWH7UXVWV XQGHU
RXU IROG IRU PDQDJHPHQW 'XULQJ WKH \HDU DGGLWLRQDO :,//6 ZHUH
DGGHGPDNLQJWRWDO:,//6LQRXUFXVWRG\IRUH[HFXWLRQ
At present, the Company manages properties both movable and
immovable of 121 clients under the Power of Attorney. The Company
also acts as the Trustees in respect of 146 policies under Married
:RPHQV 3URSHUW\ $FW DQG DV &RXUW DSSRLQWHG *XDUGLDQ RI PLQRUV
property in 6 cases.
9.
IMPLEMENTION OF OFFICIAL LANGUAGE POLICY

During the year 2012-13, the Bank has made various remarkable
DFKLHYHPHQWVLQWKHHOGRI2IFLDO/DQJXDJHLPSOHPHQWDWLRQ
7KH 7KLUG 6XE&RPPLWWHH RI &RPPLWWHH RI 3DUOLDPHQW RQ 2IFLDO

/DQJXDJH LQVSHFWHG RXU -DEDOSXU =RQDO 2IFH RQ DQG
6RODSXU =RQDO 2IFH RQ IRU WKH LPSOHPHQWDWLRQ RI 2IFLDO
/DQJXDJH 3ROLF\ RI *RYHUQPHQW RI ,QGLD DQG DOVR IRU SURJUHVVLYH
use of Hindi. It is noteworthy to mention that Honble Members of the
&RPPLWWHH H[SUHVVHG WKHLU VDWLVIDFWLRQ IRU WKH LQLWLDWLYHV WDNHQ E\ RXU
Bank in respect of progressive use of Hindi.
7RZQ 2IFLDO /DQJXDJH ,PSOHPHQWDWLRQ &RPPLWWHH 72/,& 0XPEDL

was awarded 2nd Prize for better use of Hindi for the year 2011-12 by
*RYHUQPHQWRI,QGLD0LQLVWU\RI+RPH$IIDLUV5DMEKDVKD9LEKDJ%DQN
is the Convener of the committee.
=RQDO2IFH$PUDYDWLZDVDZDUGHGQG3UL]HIRUEHWWHUXVHRI+LQGLE\
WKH72/,&$PUDYDWL
Raopura Baroda branch of Ahmedabad Zone, was awarded 2nd Prize in
%UDQFK&DWHJRU\IRUEHWWHUXVHRI+LQGLE\WKH72/,&%DURGD
6WDWH /HYHO VHPLQDU LQ +LQGL RQ 5LVN 0DQDJHPHQW ZDV DUUDQJHG E\
%DQN RQ WK -DQXDU\ DW +HDG 2IFH IRU H[HFXWLYHV DQG VHQLRU
RIFHUVRI%DQNVDQG)LQDQFLDO,QVWLWXWLRQV0U.&0LVKUD([*HQHUDO
Manager, Reserve Bank of India, delivered an effective lecture on the
subject in Hindi.
'U 0/ *XSWD 'HSXW\ 'LUHFWRU 5HJLRQDO ,PSOHPHQWDWLRQ 2IFH

'HSDUWPHQW RI 2IFLDO /DQJXDJH 0LQLVWU\ RI +RPH$IIDLUV YLVLWHG +HDG
2IFH RQ WK -XO\ DQG LQVSHFWHG WKH SURJUHVVLYH XVH RI +LQGL
DW +HDG 2IFH +H H[SUHVVHG SOHDVXUH DW WKH LPSOHPHQWDWLRQ RI 2/
3ROLF\ RI *RYHUQPHQW RI ,QGLD LQ %DQN DQG WKH LQLWLDWLYHV WDNHQ E\ WKH
Bank.
+LQGL.DYL6DPPHODQZDVDUUDQJHGDWRXU+HDG2IFHRQWKHRFFDVLRQ
RI +LQGL 'D\ LQ WKH SUHVHQFH RI RXU &KDLUPDQ 0DQDJLQJ 'LUHFWRU
which was attended by a large number of staff,
7KH %DQN LV WKH FRQYHQHU IRU 7RZQ 2IFLDO /DQJXDJH ,PSOHPHQWDWLRQ
&RPPLWWHH 72/,& LQ 3XQH 0XPEDL DQG 6RODSXU %L$QQXDO 0HHWLQJV
of these committees were held as per schedule.
il} wilwilwilil il

ile de il dd il il
.
7KH %DQN LV DOVR D &RQYHQHU RI 6WDWH /HYHO %DQNHUV &RPPLWWHH
(Rajbhasha) for the state of Maharashtra. Annual Meeting of the
committee for the year was held as per schedule and prizes were
awarded to the member Banks and Financial Institutions.
ilil e kl ilil wh

il ilf wh nd ilkl
.
9DULRXV VFKHPHV RI WKH %DQN ZHUH GLVSOD\HG LQ +LQGL RQ WKH VFUHHQ DW
5HFHSWLRQ RI +HDG 2IFH RQ FRQWLQXRXV EDVLV 9DULRXV VFKHPHV IRU WKH
use of customers were also displayed on the screens at branches.
w il il il d il

ilil il h hil il dw il il e
ilwil
$ VHPLQDU LQ +LQGL ZDV DUUDQJHG E\ 72/,& 3XQH IRU WKH H[HFXWLYHV RI
the Member Banks and Financial Institutions of Pune City. Our Bank is
the convener of this Committee.
w d il il }
ildwilw il
$Q HORFXWLRQ FRPSHWLWLRQ LQ +LQGL ZDV DUUDQJHG E\ -DLSXU =RQDO 2IFH
at Tilak Teachers Training School, where about 125 trainee teachers
have participated in the competition.
42
dilwilil
il }ilildwil
gj gj m gjgj~

31.03.2013
il
ile d fil f }il il

.
w ilil ildn il e d

fil d ilile ilhh fil
fil}il

ilhfdil hhddhh
il il il il il ild

ndnn ilhfd ed
dn ilhh
11.
+LQGL7\SLQJ&RPSHWLWLRQLQ8QLFRGHZDVDUUDQJHGE\+\GHUDEDG=RQDO
2IFHXQGHUWKHDXVSLFHVRI72/,&+\GHUDEDG
10.
DIRECTORS RESPONSIBILITY STATEMENT
7KH 'LUHFWRUV FRQUP WKDW LQ WKH SUHSDUDWLRQ RI WKH DQQXDO DFFRXQWV IRU
the year ended 31.03.2013:
11.
ilil nh
wilwe il
hil ilwe il
dil ilwe ilil lil

.
The applicable accounting standards of the Institute of Chartered

Accountants of India, have been followed along with proper
H[SODQDWLRQUHODWLQJWRPDWHULDOGHSDUWXUHVLIDQ\
The accounting policies framed in accordance with the guidelines

of the Reserve Bank of India, are consistently applied and proper
GLVFORVXUHVDUHPDGHIRUFKDQJHVLIDQ\
Reasonable and prudent judgment and estimates were made so

as to give a true and fair view of the state of affairs of the Bank
DW WKH HQG RI WKH QDQFLDO \HDU DQG WKH SURW RI WKH %DQN IRU WKH
year.
3URSHUDQGVXIFLHQWFDUHZDVWDNHQIRUPDLQWHQDQFHRIDGHTXDWH
accounting records in accordance with the provisions of applicable
ODZVJRYHUQLQJEDQNVLQ,QGLDDQG
The accounts have been prepared on a going concern basis.
CHANGES IN THE BOARD OF DIRECTORS

During the year 2012-13, the following changes took place in the Board
of Directors:
wildilil ilil
.
6KUL 93 %KDUGZDM FHDVHG WR EH WKH 'LUHFWRU ZHI WK -XO\
2012.
Shri A.K. Pandit resigned from the Directorship w.e.f. 17th July
2012.
Shri Ateesh Singh was appointed as Director w.e.f. 20th July 2012.
Dr. Rajkumar Agrawal was elected as Director w.e.f. 28th

December 2012.
The Board of Directors place on record their sincere appreciation for the
valuable contribution made by the outgoing Directors.
il il hhil il
12.

il il il il w il
d himw il d il il il
}ilhimw dhh h ilh
il il hh d hh
d il il il il il d
ilililyildlil
12.
ACKNOWLEDGMENTS:
7KH %RDUG RI 'LUHFWRUV ZLVKHV WR H[SUHVV VLQFHUH JUDWLWXGH WR WKH
*RYHUQPHQW RI ,QGLD WKH 5HVHUYH %DQN RI ,QGLD WKH 6HFXULWLHV DQG
([FKDQJH %RDUG RI ,QGLD ,QVXUDQFH 5HJXODWRU\ DQG 'HYHORSPHQW
$XWKRULW\,QGLDQ%DQNV$VVRFLDWLRQDQG6WRFN([FKDQJHVDQG&'6/IRU
WKHLU YDOXDEOH DGYLFH DQG VXSSRUW WR WKH FXVWRPHUV DQG VKDUHKROGHUV
IRU WKHLU SDWURQDJH WR WKH FRUUHVSRQGHQWV DQG DVVRFLDWHV IRU WKHLU FR
RSHUDWLRQDQGWRDOOWKHPHPEHUVRIVWDIIRI0DKDEDQN)DPLO\IRUWKHLU
unstinted commitment and contribution to the overall development of the
Bank.
ililhdfil d
il
For and on behalf of the Board of Directors
( )
dil
Pune
Date: 14.06.2013
43
(Narendra Singh)
Chairman and Managing Director
REPORT OF THE BOARD OF DIRECTORS ON

CORPORATE GOVERNANCE FOR THE YEAR 2012-13
2012-13

1.
1.
:

il il dild il il d ~il
. , ,
il d w il il il il h
il il il} il il il
w dilfil}il il il
d il wil il il il h d
ilil dililflil
il il il dil il d il il il il
ilil ililfilhn
Bank of Maharashtra recognizes the principles and importance of

Corporate Governance and has been complying with not only the
statutory requirements, but also has voluntarily formulated and
adhered to a set of strong Corporate Governance practices. The
Bank has always strived hard to best serve the interest of all its
stakeholders including shareholders, customers, Government and
society at large. The Bank's philosophy on Corporate Governance is
to bestow high standard of transparency, fairness and accountability for
performance at all levels and to ensure and achieve excellence through
professionalism, social responsiveness, sound business practices and
RSWLPXP HIFLHQF\ 7KLV LQ WXUQ HQDEOHV WKH %DQN WR PDLQWDLQ D KLJK
level of business ethics to maximize the shareholders value and to
protect their interest.
2.
2.1 ( )
il d d }il il d
wil ild
2.
2.2
Sr.
No.
Name
Position held

dil
Shri Narendra Singh
Chairman and
Managing Director
In terms of section 7(2) of the Banking Companies (Acquisition and

Transfer of Undertakings) Act 1970, the general superintendence,
direction and management of the business of the Bank vest with the
Board of Directors. The responsibilities of the Board include formulation
of policies, new initiatives, performance review, supervision over
5HJXODWRU\ DQG 6WDWXWRU\ FRPSOLDQFHV E\ WKH %DQN GHOHJDWLQJ QDQFLDO
powers to various functionaries and exercising overall supervision,
DFFRUGLQJ QDQFLDO VDQFWLRQV EH\RQG WKH SRZHUV GHOHJDWHG WR YDULRXV
functional authorities of the Bank.
The composition of Board of Directors of the Bank as on 31st March,
2013 is as under:
il ilililil

..
Board of Directors:
2.1. The composition of the Board is governed by the provisions of the

Banking Companies (Acquisition and Transfer of Undertakings)
Act, 1970, Banking Regulation Act, 1949 and Nationalized Banks
(Management and Miscellaneous Provisions) Scheme, 1970.
2.2 ( ) 1970 7(2)

il il d il il il il d il
.
ile ilil il ildil
ilh h il il d il il il il
il il w dil il w il d il il
ililil il wdil il e w il
dil il
Banks philosophy on Corporate Governance:
31.03.2013 -

-
/
No. of equity
No.of
No. of Directorshares of membership ship held in
the Bank
in Sub
other Companies
held as on Committees
i.e. Other
31.03.2013 of the Bank than the Bank
No.of Membership/
Chairman ship held
in Sub Committees
of the Board
in Other Companies

Nil
Nil
Nil
( / )
Remarks (nature of appointment in the Bank /
other Companies)
01.02.2012
dilil l
Appointed as the Chairman and Managing
Director of the Bank w.e.f. 01.02.2012 by the
Central Government
dw ililil
Shri C.VR. Rajendran Executive Director
Nil

Nil
01.03.2012
ilililil l
d il dl } himwim} h }} il
il ild
Appointed as the Executive Director w.e.f.
01.03.2012 by the Central Government
He is also the Chairman of the Board of The
Maharashtra Executor and Trustee Company
Pvt. Ltd.
d
Shri Ateesh Singh
ililil
il
Director (Non Executive)
Government Nominee

Nil
44
Nil
Nil
20.07.2012
.
Nominated as a Director w.e.f. 20.07.2012 by
the Central Government
..
Sr.
No.
Name
ilw
Ms. Kamala Rajan
Position held
ililil
w il
RBI Nominee
h}
Dr. Dinesh S. Patel
ililil
ilil
31.03.2013 -

-
/
No. of equity
No.of
No. of Directorshares of membership ship held in
the Bank
in Sub
other Companies
held as on Committees
i.e. Other
31.03.2013 of the Bank than the Bank
No.of Membership/
Chairman ship held
in Sub Committees
of the Board
in Other Companies

Nil

Nil
Nil


Shareholder Director

10
il
Shri Shirish D.
ililil
ililil
Dhanak

Representing Workmen
employees
il
ililil
Dr. Naresh Kumar

Drall
d
ililil
Shri Ramesh
Chandra Agrawal

Dr. Sunil U.
Deshpande
ililil
dil il il

5HSUHVHQWLQJ2IFHU
employees
Nil
( / )
Remarks (nature of appointment in the Bank /
other Companies)
30.07.2010
.
il il il

il il il il il
Re-elected as a Director by shareholders of

the Bank other than the Central Government,
w.e.f. 01.02.2011

Nil
il il il ilil

il ilil l
Nil
Nil
Appointed as a Workmen Employee Director

w.e.f. 21.07.2010 by the Central Government
Nil
Nil
05.05.2011


Nil
Nil
Nil
il il il il il

.
wild ililil

Dr. Rajkumar Agrawal ilil


2.3 (2012-13) /

hil il il fkl il d d d d
il L il d il l il d il
hililil hf ilwe il
.
wil ilil fkl ildddd

il ildilililwil
il d il h il il il il
we il
d il il we il il il fkl il d
dddil ildilil
.
wil d il il il il il fkl il
ddddil Lildil
wilildilhilililil
Nil
Nil
Nil
Nil
2.3
19.12.2011
dil il il il
.
5HQRPLQDWHGDV2IFHU(PSOR\HH'LUHFWRU
w.e.f. 19.12.2011 by the Central Government.
il il il il

ilil ilil
Elected as a Director by shareholders of the
Bank other than the Central Government,
w.e.f. 28.12.2012
Appointment / Cessation of Directors during the year (2012-13):

Shri A.K. Pandit elected as Shareholder Director for a period of three
years on 01st February, 2011 under section 9 (3) (i) of the Banking
Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980,
resigned w.e.f. 17th July 2012.
Shri V.P. Bhardwaj, nominated as Director for a period of three years on
10th June 2008 by the Central Government under section 9 (3) (b) of
the Banking Companies (Acquisition and Transfer of Undertakings) Act,
1970/1980, ceased to be a Director on 20th July 2012 .
Shri Ateesh Singh was appointed by the Central Government as
Director on 20th July 2012 under section 9 (3) (b) of the Banking
Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980
until further orders.
Dr. Rajkumar Agrawal was elected as Shareholder Director w.e.f. 28th
December 2012 under section 9 (3) (i) of the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970/1980 for a period
upto 31st January, 2014.
45
3UROH of Directors appointed during the Financial year 2012-13
2.4 2012-13
2.4.1 Shri Ateesh Singh
2.4.1
Name
Shri Ateesh Singh
hlh w w
}}}e
Address
Ministry of Finance, DFS, 3rd Floor, Jeevan

Deep Building,10, Parliament Street, New
Delhi 110 001
wil

Date of Birth
05.05.1969
d

Age
43 years
il
h d d ded}h

)
4XDOLFDWLRQ
%$ +RQV (FRQRPLFV ,576,QGLDQ 5DLOZD\

7UDIF6HUYLFHV

lil il
( )
d il il d il
20.07.2012

Nature of appointment Appointed as a Director w.e.f. 20.07.2012 by

as Director
the Central Government u/s 9 (3) (b) of the
Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970 until further
orders
d
d il

Experience

il
Directorship or Committee Nil

Positions held in other
Companies
vmgjb
2.4.2 Dr. Rajkumar Agrawal
.wild
Name
Dr. Rajkumar Agrawal
w hil w

il~~
Address
15,1st Floor, Ekatma Parisar, Rajbandhan

Maidan, Behind Navbharat Press, Raipur 492 001 (Chhattisgarh)
wil

Date of Birth
02.03.1957
d

Age
55 years
il
ilhlhh
4XDOLFDWLRQ
%&RP)&$3K'

lil il
( )
dil deild
il il il w il
il d il h il il il
il
Nature of appointment
as Director
Elected as Shareholder Director w.e.f.

28.12.2012 u/s 9 (3) (i) of the Banking
Companies (Acquisition and Transfer of
Undertakings) Act, 1970/1980, for a period
upto 31st January 2014.
d
~ dil nil

n d il il w wil
il il il il dil
ilil dilild
Experience
Engaged in practice of Chartered Accountancy,

Audit and Finance for over 25 years. Over 5
\HDUV H[SHULHQFH DV 1RQ2IFLDO 'LUHFWRU RQ
the board of PSU Banks.

il
Directorship or Committee Nil

Positions held in other
Companies
2.5
2.5
Sr. Divisional Operational Manager of Delhi

and Ambala Divisions.
Board Meetings:
During the Financial Year 2012-13, 13 meetings were held on the
following dates as against minimum of 6 meetings prescribed under
Clause 12 of the Nationalized Banks (Management and Miscellaneous
Provisions) Scheme, 1970.
il il il il n il il

e wil}ililh il wil
nildild
05.05.12
26.05.12 25.06.12 21.07.12 25.08.12 06.10.12 23.10.12
05.05.12
26.05.12 25.06.12 21.07.12 25.08.12 06.10.12 23.10.12
23.11.12
22.12.12 10.01.13 22.01.13 19.03.13 30.03.13
23.11.12
22.12.12 10.01.13 22.01.13 19.03.13 30.03.13
46
il fl il d il d il il il f il

The details of attendance of the Directors at the aforesaid Board

Meetings held during their respective tenure are as under:
Name of the Director
4.
Meetings held
during their
tenure
Meetings
attended
Shri Narendra Singh
01.04.2012 to 31.03.2013
13
13
Shri C.VR. Rajendran
01.04.2012 to 31.03.2013
13
12
Shri V.P. Bhardwaj
01.04.2012 to 20.07.2012
04
03
07
Shri Ateesh Singh
20.07.2012 to 31.03.2013
09
07

Ms. Kamala Rajan
01.04.2012 to 31.03.2013
13
10
il

Shri A.K. Pandit
01.04.2012 to 17.07.2012
03
02
h}
il

Dr. D.S. Patel
01.04.2012 to 31.03.2013
13
10
hil
il

Shri S.D. Dhanak
01.04.2012 to 31.03.2013
13
12
hil
il

Dr. N.K. Drall
01.04.2012 to 31.03.2013
13
13
..
01.04.2012 31.03.2013
13
13
Shri R.C. Agrawal
01.04.2012 to 31.03.2013
13
13
h
il

Dr. S.U. Deshpande
01.04.2012 to 31.03.2013
13
12
dild
il

Dr. R.K. Agrawal
28.12.2012 to 31.03.2013
04
04
01.04.2012 31.03.2013
13
13
dw
il

w
il

20.07.2012 31.03.2013
09
ilw
il
hil
2.6

il il d n il

himw il il il il n il d d il e
fl d il il e} ZZZEDQNRIPDKDUDVKWUDLQ n e
il il ildil }il
3.
Period
2.6
The Code of Conduct for Board of Directors and Senior Management

Personnel i.e. Core Management team comprising Chief General
Manager and all General Managers, has been approved by the Board
of Directors in compliance with Clause 49 of the Listing Agreement with
Stock Exchanges. The said Code of Conduct is posted on the Banks
website www.bankofmaharashtra.in. All the Board Members and Senior
0DQDJHPHQW3HUVRQQHOKDYHVLQFHDIUPHGWKHFRPSOLDQFHRIWKHFRGH
:
il il il il il il w il
d w il il w
e w ililf

dil

dw
ililil
Code of Conduct
Annual General Meeting:

The Annual General Meeting of the shareholders of the Bank was held
RQ 0RQGD\ WKH WK -XQH DW$SSDVDKHE -RDJ +DOO +HDG 2IFH
Lokmangal, 1501, Shivajinagar, Pune-411005 where following Directors
were present.
01
Shri Narendra Singh
02
Executive Director

h}
ilil
03
Dr. D.S. Patel

hil
ililil
04
Dr. N. K. Drall

dd
ililil
05
Shri R.C. Agrawal

h
dil il il

'U68'HVKSDQGH
2IFHU(PSOR\HH'LUHFWRU

il n ilil dilil
dil ilwil
4.
The Board has constituted the following committees and delegated

powers in different functional areas.
4.1

}il il d w il il d
ilil ~ilil
ilil dil
4.1
n }} n il il w

im} dil dil
ild
Management Committee:
The Management Committee (MC) of the Board is constituted with six
members as per provisions of the Nationalized Banks (Management and
Miscellaneous Provisions) Scheme, 1970. Functions and duties of the
Management Committee are as under:
il il w

Committees of Board:
47
a)
Sanction of credit and investment proposals,
b)
Sanction of loan compromise / write off proposals,
c)
Approve proposals relating to acquiring of premises/ quarters and
d)
Any other matter referred by the Board.
il il

L

The composition of the Committee as on 31st March 2013 is as under:
Shri Narendra Singh
Chairman
Member
Ms. Kamala Rajan
Member
LL
dw
ii
LLL
ilw
iii
Member
Member
LY
hil
iv Shri S.D. Dhanak
Y
dd
v.
vi Dr. R.K. Agrawal
YL
dild
26.05.12
25.06.12
21.07.12
25.08.12
24.09.12
23.11.12
22.12.12
10.01.13
22.01.13
19.03.13
30.03.13
23.10.12

Member
The Committee met 13 times during the period under review on the
following dates:
ddilil ilnil e

05.05.12
Shri R.C. Agrawal
05.05.12
26.05.12
25.06.12
21.07.12
25.08.12
24.09.12
23.11.12
22.12.12
10.01.13
22.01.13
19.03.13
30.03.13
23.10.12
The details of attendance of the Directors at the aforesaid meetings of

the Committee held during their respective tenure are as under:
Name of the
Director
Period
Meetings held
during their
tenure on the
committee
Meetings
Attended
01.04.2012 31.03.2013
13
13
Shri Narendra Singh
01.04.2012 to 31.03.2013
13
13
dw
il

Shri C.VR. Rajendran 01.04.2012 to 31.03.2013
13
12
ilw
il

Ms. Kamala Rajan
01.04.2012 to 31.03.2013
13
09
hil
il

Shri. A. K. Pandit
01.04.2012 to 17.07.2012
02
02
h}
il

Dr. D. S. Patel
26.03.2012 to 25.09.2012
06
04
hil
il
19.12.2012 31.03.2013

Shri. S. D. Dhanak
23.01.2012 to 22.07.2012
19.12.2012 to 31.03.2013
09
09
hil
il

Dr. N.K. Drall
21.07.2012 to 31.03.2013
08
08
h
il

Dr. S. U. Deshpande
19.06.2012 to 18.12.2012
06
05
dd
il

. . .
23.01.2013 31.03.2013
02
02
Shri R.C. Agrawal
06.10.2012 to 31.03.2013
07
07
Dr. R.K. Agrawal
23.01.2013 to 31.03.2013
02
02
4.2

w ilil ildilil n
hilililwil
il il nhilil nil
il nn il il n
il il d il il dil h dil n
il w il
ilil ilnild
n dil n il il n il
d il } dil n il il d
il il il il n
d nd d y nd dwil
kl nd il } il il
dn w n } n d
dil n il e ill il }
nd n ililn dil
ildil
il n d dil il d
w il il il il }
ilfil il
il n il n n
ildilhhil dw ililildil
.
4.2. Audit Committee of the Board

Pursuant to the directives of Reserve Bank of India, Audit Committee of
Board of Directors (ACB) is constituted. The delegated functions of the
Committee are as under:
48
a)
ACB provides direction as also oversees the operation of the

total audit function of the Bank. Total audit function implies the
organization, operationalisation and quality control of internal audit
and inspection within the Bank and follow up on the statutory /
external audit of the Bank and inspection of RBI.
b)
As regards internal audit, ACB reviews the internal inspection/

audit function in the Bank adequacy of the system, its quality
and effectiveness in terms of follow up. ACB also reviews
inspection reports of specialized and extra large branches and all
branches with unsatisfactory ratings.
F
,W VSHFLFDOO\ IRFXVHV RQ WKH IROORZ XS RI ,QWHU %UDQFK
Adjustment Accounts, Un-reconciled long outstanding entries in
Inter Bank Accounts and Nostro Accounts, Position of balancing
of books at various branches, frauds and all other major areas of
house keeping.
d)
ACB obtains and reviews quarterly reports from the Compliance

2IFHU UHODWLQJ WR LPSOHPHQWDWLRQ RI YDULRXV *RYHUQPHQW DQG 5%,
guidelines.
e)
ACB monitors the work done under concurrent audit, statutory

audit and compliance of RBI inspection.
ilnnilillildild
ildililnd}ildil
ilnil il il l n
}hhlhdfhhildil
f)
il il

L dd
d
LL dw
LLL d

LY ilw
Y hil
The composition of the Committee as on 31st March, 2013 is as under:
il il n il il e il il il

il
Shri R.C. Agrawal
Chairman
ii.
Member
iii.
Shri Ateesh Singh
Member
iv.
Ms. Kamala Rajan
Member
v.
Dr.N.K.Drall
Member
During the year, the ACB met 10 times and the dates of the meetings
are as under:
26.05.12
24.06.12
21.07.12
25.08.12
05.05.12
26.05.12
24.06.12
21.07.12
25.08.12
06.10.12
23.10.12
23.11.12
22.01.13
19.03.13
06.10.12
23.10.12
23.11.12
22.01.13
19.03.13

The details of attendance of the Directors at the meetings of the

Committee held during their respective tenure are as under:
Meetings held
during their
tenure on the
committee
Meetings
Attended
01.04.2012 to 31.03.2013
10
10
01.04.2012 to 31.03.2013
10
09

Shri. V. P. Bhardwaj
01.04.2012 to 20.07.2012
04
03
Shri Ateesh Singh
20.07.2012 to 31.03.2013
06
05
01.04.2012 31.03.2013
10
10
Shri R. C. Agrawal
dw il

..
w
il

d
il

ilw
il

hil
il

hil
il

Name of the
Director
Period
Ms. Kamala Rajan
01.04.2012 to 31.03.2013
10
07
Shri. A.K. Pandit
01.04.2012 to 17.07.2012
03
02
Dr. N.K. Drall
21.07.2012 to 31.03.2013
06
06
Mrs. M.P. Devadhar, Company Secretary, acts as the Secretary to ACB.
hil il nil il

il il
4.3
Risk Management Committee of the Board:

The Risk Management Committee of the Board has been constituted
with four Directors as members of the Committee as per the guidelines
issued by Reserve Bank of India to devise a policy and strategy for
Integrated Risk Management containing various risk exposures of the
Bank including the credit risk.
gjvgj mlx{

w ilw ild ilil wn
ilile il
wnw wnililwn
il il hdil
i.
05.05.12
ACB approves the appointment of Statutory Central Auditors and

DOVRLQWHUDFWVZLWKWKH6WDWXWRU\&HQWUDO$XGLWRUVEHIRUHQDOL]DWLRQ
of the annual / half-yearly /quarterly accounts and reports. It also
follows up all the issues raised in the Long Form Audit Report
(LFAR).
il il

L
d
LL dw
LLL hil
LY dd
i.
Shri Narendra Singh
Chairman
ii.
Member
iii.
Dr. N.K. Drall
Member
iv.
Shri R.C. Agrawal
Member
The Committee met 08 times during the year as under.
ilwnil ile
04.05.12 26.05.12 25.06.12 20.07.12 25.08.12 23.11.12 22.01.13 18.03.13
04.05.12 26.05.12 25.06.12 20.07.12 25.08.12 23.11.12 22.01.13 18.03.13

Committee held during their respective tenure are as under:

dw
hil
dd
hil
il
il
il
il
il

Name of the
Director

Shri Narendra Singh
49
Period
Meetings held
during their
tenure on the
committee
Meetings
Attended
01.04.2012 to 31.03.2013
08
07
Shri C. VR. Rajendran 01.04.2012 to 31.03.2013
08
08
Shri. S. D. Dhanak
01.04.2012 to 20.07.2012
05
05
Shri R. C. Agrawal
01.04.2012 to 31.03.2013
08
08
Dr. N.K. Drall
21.07.2012 to 31.03.2013
04
04
4.4

il} il d }il himw il h }
il il d il d l d
e il dil il il il
}il ilililililh
}eild wfl d
il il
The Committee also considered various matters pertaining to share

transfers. During the year, the Committee approved share transfers,
WUDQVPLVVLRQ RI VKDUHV DQG LVVXDQFH RI GXSOLFDWH VKDUH FHUWLFDWHV E\
adopting resolutions by circulation thrice in a month.
L
h}
LL dw
i.
Dr. D.S. Patel
Chairman
ii.
Member
iii.
Shri S.D. Dhanak
Member
iv.
Dr. S.U. Deshpande
Member
LLL hil
LY h
ilil ile
06.10.12
The Committee met 4 times during the year as under:
23.11.12
18.03.12
25.06.12

h}

il

06.10.12
23.11.12
18.03.12
The details of attendance of the directors at the meetings of the

Committee held during their respective tenures are as under:
Meetings held
during their
tenure on the
committee
Meetings
Attended
01.04.2012 to 31.03.2013
04
04
Name of the
Director

Dr. D. S. Patel
Period
dw il

Shri C.VR. Rajendran 01.04.2012 to 31.03.2013
04
03
hil
il

Shri S.D.Dhanak
21.07.2012 to 31.03.2013
03
03
h
il

Dr. S.U. Deshpande
01.04.2012 to 31.03.2013
04
04
The position of complaints received and resolved during the year is as

under:
ild}e e il il n

il il il n
ilil il n
il}e e il il n
il il il n

il il } ilhile d
ilil il il il d}ilhimwildil

hil il ililddil il
Number of complaints pending as on 01.04.2012
Number of complaints received during the year
582
Number of complaints resolved during the year
582
Number of complaints pending as on 31.03.2013
There were no pending applications for conversion of shares in physical

form to Demat form.
Mrs. M.P. Devadhar, Company Secretary has been designated as the
&RPSOLDQFH 2IFHU RI WKH %DQN LQ UHVSHFW RI FRPSOLDQFH WR WKH VWRFN
exchanges and investor grievances of the Bank.
d mm gj { {

w ilild ildil e
il w f ww il il
ilnil ` ilh f dilil ww il h
il
Investors and Shareholders Grievances and Share Transfer

Committee:
In compliance with SEBI guidelines on Corporate Governance as well
as Clause 49 of the Listing Agreement, the Committee was constituted
to look into the redressal of investors and shareholders grievances
regarding transfer of shares, non-receipt of refund orders, share
FHUWLFDWHV GLYLGHQG ZDUUDQWV HWF 'U ' 6 3DWHO 1RQ ([HFXWLYH
Director is the Chairman of the Committee as required in the said
clause.
d il il

d il } d il} w il il
d ilild hil
25.06.12
4.4
4.5
Special Committee to Monitor Large Value Frauds:

As per the directions of Reserve Bank of India, the Committee,
FRPSULVLQJ RI YH 'LUHFWRUV DV PHPEHUV ZDV FRQVWLWXWHG WR PRQLWRU
large value frauds. The major functions of the Committee include
monitoring and review of all the frauds of ` 1.00 crore and above.
il il
L

i.
Shri Narendra Singh
Chairman
LL
dw
ii.
Shri C. VR. Rajendran
Member
iii.
Shri Ateesh Singh
Member
iv.
Dr. D. S. Patel
Member
v.
Shri R.C. Agrawal
Member
LLL
d
LY h}
Y
dd
50
ilil ile

01.04.2012 31.03.2013
04
04
dw 01.04.2012 31.03.2013
04
04
w il

20.07.2012 31.03.2013
03
02
h}
il

hil il

. . 21.07.2012 31.03.2013
03
03
26.05.12
25.08.12
22.12.12
19.03.13
26.05.12
4.6

d il il h
w ililil hililil
ildil ile il il
wilhililil eil

4.6
il il

L
d
LL dw
LLL d
LY ilw
06.10.12
22.12.12
w
il

Shri Narendra Singh
01.04.2012 to 31.03.2013
04
04
01.04.2012 to 31.03.2013
04
04
Shri. V. P. Bhardwaj
01.04.2012 to 20.07.2012
01
01
Shri Ateesh Singh
20.07.2012 to 31.03.2013
03
02
Dr. D. S. Patel
01.04.2012 to 31.03.2013
04
03
Dr. N. K. Drall
01.04.2012 to 20.07.2012
01
01
Shri R.C. Agrawal
21.07.2012 to 31.03.2013
03
03
Directors Promotion Committee:

A Committee of Directors consisting of Chairman and Managing Director
and the nominee Directors of Government of India and Reserve Bank of
India has been formed for dealing with the promotions at senior level.
The Committee also deals with review of vigilance disciplinary cases
and departmental enquiries, for which the Executive Director is also
associated with this committee.
i.
Shri Narendra Singh
Chairman
ii.
Member
iii.
Shri Ateesh Singh
Member
iv.
Ms. Kamala Rajan
Member

06.10.12
22.12.12
30.03.13
The details of attendance of the Directors at the aforesaid Committee

meetings are as under:
Name of the
Director
Period
Meetings held
during their
tenure on the
committee
Meetings
Attended
Shri Narendra Singh
01.04.2012 to 31.03.2013
04
04
01.04.2012 to 31.03.2013
04
03

Shri.V. P. Bhardwaj
01.04.2012 to 20.07.2012
01
01
Shri Ateesh Singh
21.07.2012 to 31.03.2013
03
03
Ms. Kamala Rajan
01.04.2012 to 31.03.2013
04
04
03
03
ilw
il

4.7
Customer Service Committee:

As per the directions of the RBI, the Committee was constituted to
review a feed-back on quality of customer service in the Bank and
to have innovative measures for enhancing the quality of customer
service by bringing about on-going improvements in the systems and
procedures of the Bank.
il il

L
d
LL dw
LLL hil

LY hil
Y h
ilil ile
22.12.12
Meetings
Attended

21.07.2012 31.03.2013
06.10.12
Meetings held
during their
tenure on the
committee
04
25.06.12
Period
26.05.12
4.7

w il il il d il il il il
d il il d il il il d

ilhilil
Name of the
Director
30.03.13

01.04.2012 31.03.2013
04
dw il
19.03.13

22.12.12
The composition of the Committee as on 31st March 2013 is as under.
ilil ile
26.05.12
25.08.12

Committee held during their respective tenures are as under:
i.
Shri Narendra Singh
Chairman
ii.
Member
iii.
Shri S.D. Dhanak
Member
iv.
Dr. N.K. Drall
Member
v.
Dr. S.U. Deshpande
Member

18.03.12
25.06.12
51
06.10.12
22.12.12
18.03.12


01.04.2012 31.03.2013
04
03
dw 01.04.2012 31.03.2013
04
02
hil
il

hil
il

hil
2013
03
03
h
il

4.8
4.8

ililil il il il ilh
il il w
il w hil dd il il
ilil e ililil il il
.
.

hh
}}

dil
il
dil
(01.02.2012 31.03.2012 )
hw
ililil

il
d ililil
w
31.03.2012 )

Period
Meetings held
during their
tenure on the
committee
Meetings
Attended
Shri Narendra Singh
01.04.2012 to 31.03.2013
04
03
01.04.2012 to 31.03.2013
04
02
Shri. A. K. Pandit
01.04.2012 to 17.07.2012
01
00
Shri S.D. Dhanak
21.07.2012 to 31.03.2013
03
03
Dr. N.K. Drall
21.07.2012 to 31.03.2013
03
03
Dr. S.U. Deshpande
01.04.2012 to 31.03.2013
04
04
Remuneration Committee:
The Committee was constituted to evaluate the performance of whole
time Directors for approving the performance-linked incentive payable
to them. The Committee comprised of four members, namely Shri V.P.
Bhardwaj, Ms. Kamala Rajan, Dr.N.K.Drall and Shri R.C.Agrawal. The
Committee met on 21.07.2012 and approved the performance linked
incentive payable to the whole time Directors as under:
Sr.
No.
2011-12

(`)
`
Name of the
Director
`
4.9.

w il il il d il il fl d
f il w il d f d il il h il il
ililil

il il

L d

LL hil

LLL dd

il il il e
il d il } il d il fl d
.

fimil il f

21.07.2012 31.03.2013
02
02
hil
il

.. 01.04.2012 31.03.2013
02
02
4.9
Name
Performance Linked
Incentives for the
FY 2011-12 (`)
Designation
01
Shri A. S.
Bhattacharya
Chairman and
Managing Director
(01.04.2011 to 31.01.2012)
` 5,83,333.00
02
Shri Narendra
Singh
Chairman and
Managing Director
(01.02.2012 to 31.03.2012)
` 1,16,667.00
03
Shri M.G.
Sanghvi
Executive Director
(01.04.2011 to 28.02.2012)
` 5,04,167.00
04
Shri C.VR.
Rajendran
Executive Director
(01.03.2012 to 31.03.2012)
` 45,833.00
Nomination Committee:
In terms of RBI guidelines, the Committee was constituted to examine
DQGDFFRUGWDQGSURSHUVWDWXVLQUHVSHFWRIWKHHOHFWHGGLUHFWRUV7KH
Committee comprised of three non- executive directors.
The composition of Nomination Committee as on March 31, 2013 is as
under:
i.
Shri Ateesh Singh
ii. Dr. N. K. Drall
iii. Shri R. C. Agrawal
The Committee met on 23.10.2012 and 27.12.2012 and noted the
GHFODUDWLRQV OHG E\ WKH HOHFWHG GLUHFWRU DQG DFFRUGHG W DQG SURSHU
status to both of them.
Name of the
Director
4.10

il w il
il il wd il il il il
d il il ilil

il il
L dw
d
LL hil
LLL h
Period
Meetings held
during their
tenure
Meetings
Attended
Shri Ateesh Singh
21.07.2012 to 31.03.2013
02
02
Dr. N.K. Drall
01.04.2012 to 31.03.2013
02
02
Shri R.C. Agrawal
01.04.2012 to 31.03.2013
02
02
4.10 Technology Committee

The Technology Committee of the Board was constituted in the Bank to
deal with all aspects of IT Governance including choosing the right IT
strategy and monitoring implementation of all strategic IT plans.
The composition of the Committee as on March 31, 2013 is as under:
i.
ii.
iii.
52
Shri. C.VR. Rajendran

Dr. N.K. Drall
Dr. S.U. Deshpande
Chairman
Member
Member
ilil ile
26.05.12
24.06.12
24.09.12
18.03.13
26.05.12

dw il

hil
il

hil
il

h il


Shri. A.K. Pandit
Dr. N.K. Drall
Dr. S.U. Deshpande
gj m gj gj cgkr d gj gj d gj

il
L
d
LL h}
LLL hil

ilil ile il e
4.12

h il il il kl hl
kl dh h h il il il d il
il e ilild il
.

il
L
d
LL dw
LLL d

ilil ile
22.12.2012
24.06.12
24.09.12
18.03.13

Meetings held
Name of the
during their
Meetings
Period
Director
tenure
Attended
01.04.2012 to 31.03.2013
01.04.2012 to 17.07.2012
21.07.2012 to 31.03.2013
01.04.2012 to 31.03.2013
04
02
02
04
04
01
02
04
4.11 Committee for supporting candidates in election for Director in

Companies where the Bank has equity
The composition of the Committee is as under
i.
Shri Narendra Singh
Chairman
ii.
Dr D.S. Patel
Member
iii.
Dr N.K. Drall
Member

1RFRPPLWWHHPHHWLQJZDVKHOGGXULQJWKHQDQFLDO\HDU
4.12 Committee for Monitoring Recovery
The committee is formed as per the direction of Government of India
vide letter No F No 7/112/2012-BOA dated 21st November 2012 from
Department of Financial Services. The Committee was formed on
23.11.2012 for monitoring the recovery on monthly basis.
The
i.
ii.
iii.
composition of the Committee is as under

Shri Narendra Singh
Chairman
Member
Shri Ateesh Singh
Member

22.12.2012
30.03.2013

Meetings are as under:
30.03.2013
fimil il f

23.11.2012 31.03.2013
02
02
dw il

23.11.2012 31.03.2013
02
02
4.13

}ilildw ild
il dilill il il
` ililild}} n
il il dil ilh h il d il

L dil
LL ililil
LLL il
LY ilil
Y il h
YL iln
YLL ilwn

ilil ile
Name of the
Director
Period
Meetings held
during their
tenure
Meetings
Attended
Shri Narendra Singh
23.11.2012 to 31.03.2013
02
02
23.11.2012 to 31.03.2013
02
02
Shri Ateesh Singh
23.11.2012 to 31.03.2013
02
02
4.13 Credit Approval Committee

The Credit Approval Committee of the Board was constituted on
10th February 2012 following the amendment to Nationalized Banks
(Management and Miscellaneous Provisions) Scheme, 1970/80. The
Committee is vested with the powers of the Board with regard to credit
proposals up to ` 250.00 crore and loan compromise/write off proposals.
In terms of the provisions, the constitution of the Committee is as
follows.
i.
ii.
Executive Director
iii.
General Manager, Credit
iv.
General Manager, Credit Priority
v.
General Manager, Recovery and Legal Services.
vi.
General Manager, Financial Management & Accounts
vii. General Manager, Integrated Risk Management
The Committee met 49 times during the year on the dates given below.
Sr.No
Date
Sr.No
Date
01
02
03
04
05
06
07
09.04.12
18.04.12
21.04.12
30.04.12
10.05.12
14.05.12
21.05.12
08
09
10
11
12
13
14
30.05.12
07.06.12
09.06.12
18.06.12
21.06.12
26.06.12
06.07.12
15
16
17
18
19
20
21
09.07.12
16.07.12
27.07.12
04.08.12
06.08.12
10.08.12
16.08.12
01
02
03
04
05
06
07
09.04.12
18.04.12
21.04.12
30.04.12
10.05.12
14.05.12
21.05.12
08
09
10
11
12
13
14
30.05.12
07.06.12
09.06.12
18.06.12
21.06.12
26.06.12
06.07.12
53
Sr.No
15
16
17
18
19
20
09.07.12
16.07.12
27.07.12
04.08.12
06.08.12
10.08.12
Date
21
16.08.12
Sr.No
Date
Sr.No
Date
Sr.No
22
27.08.12
31
12.10.12
40
26.12.12
22
27.08.12
31
12.10.12
40
26.12.12
23
03.09.12
32
16.10.12
41
29.12.12
23
03.09.12
32
16.10.12
41
29.12.12
24
10.09.12
33
22.10.12
42
07.01.13
24
10.09.12
33
22.10.12
42
07.01.13
25
13.09.12
34
05.11.12
43
21.01.13
25
13.09.12
34
05.11.12
43
21.01.13
26
15.09.12
35
09.11.12
44
30.01.13
26
15.09.12
35
09.11.12
44
30.01.13
27
20.09.12
36
19.11.12
45
07.02.13
27
20.09.12
36
19.11.12
45
07.02.13
28
25.09.12
37
07.12.12
46
21.02.13
28
25.09.12
37
07.12.12
46
21.02.13
29
27.09.12
38
13.12.12
47
28.02.13
29
27.09.12
38
13.12.12
47
28.02.13
30
04.10.12
39
15.12.12
48
15.03.13
30
04.10.12
39
15.12.12
48
15.03.13
49
26.03.13
49
26.03.13

01.04.2012 31.03.2013
49
49
dw il


Name of the
Director
eil nilil h

L il
LL iln
LLL ilwn
LY ilildl
Y il dl
Meetings
Attended
49
49
01.04.2012 to 31.03.2013
49
47
The meetings were also attended by the following executives.

i)
General Manager, Credit,
ii)
General Manager, Financial Management & Accounts
iii)
General Manager, Integrated Risk Management.
iv)
General Manager (Credit) Priority- - As per requirement
v)
General Manager, Recovery - As per requirement.
5.

il il d il d il il fkl il
d d d d d }il il d
w il d d il d ilil
ilililililil ilililil
il il } l d il n il ~il
il ililil
5.
ilililil il il}l

ililil ililildw
il il il dilil il il ile } l
ilil hilil filil il
ilhile }ld il e

h}
hil
hil
dd
h
dild
Meetings held
during their
tenure
01.04.2012 to 31.03.2013
4.14 Other Committees:
.

Period
Shri Narendra Singh
4.14

} il il il dw
ilil il il~ d w d hil
f dil il h kl
f f n
e

Date
There are also other Committees of executives viz., Asset Liability

Management Committee (ALCO), Premises Committee, High Power IT
Committee, System & Procedure Committee, Investment Committee,
Top Management Committee, High Level Credit Committee and Audit
&RPPLWWHH RI ([HFXWLYHV IRU UHYLHZLQJ IXQFWLRQLQJ LQ YDULRXV VSHFLF
areas and giving operational directions/sanctions.
Remuneration of Directors:
The Bank is governed by the Banking Regulations Act, 1949, Banking
Companies (Acquisition and Transfer of Undertakings) Act, 1970 and
Nationalised Banks (Management & Miscellaneous Provisions) Scheme,
1970. The remuneration of the Chairman and Managing Director and
WKH ([HFXWLYH 'LUHFWRU LV [HG E\ WKH &HQWUDO *RYHUQPHQW 7KH %DQN
does not pay any remuneration to the Non Executive Directors except
IURP VLWWLQJ IHHV DV [HG E\ WKH *RYHUQPHQW RI ,QGLD DQG WUDYHO
expenses, on actual basis.
The total Sitting Fee paid to the Non-Executive Directors during the year
2012-13 is as under: (No sitting fee is payable to whole time directors
DQG GLUHFWRU UHSUHVHQWLQJ *RYHUQPHQW RI ,QGLD DQG 2IFLDO 'LUHFWRU
representing Reserve Bank of India). Shri A. K. Pandit, Shareholder
Director was not paid sitting fees for the Board / Committee meetings as
per his instructions.
(`)

1170000
Sr. No.
Name of the Director

Dr. D. S. Patel
155000
02
Shri S. D. Dhanak
215000
03
Dr. N.K. Drall
260000
04
Shri R.C. Agrawal
285000
05
Dr. S. U. Deshpande
205000
06
Dr. R.K. Agrawal

Total
54
Amount Paid (`)
01
50000
1170000
6.
~ il dw il il il il il il

6.
General Body Meetings:
6.1
Details of General Body Meetings of shareholders held during the last

three years are given below: :
Nature
Date & Time
Venue
Purpose
il
d
weil
w
dwildl}il
w
ilhniln il d
dil
Seventh Annual
General Meeting
At 10.00 a.m. on
9th July 2010
Appasaheb Joag Hall, Bank of Maharashtra,

Lokmangal, 1501, Shivajinagar Pune-411 005.
Adoption of audited Annual accounts and

declaration of dividend for the year 2009-10.
dd
il
w
dwildl}
ilw
ilil eim} ildd}il

ild
Extraordinary
At 10.00 a.m. on
Appasaheb Joag Hall. Bank of Maharashtra,
Approval of Preferential Allotment of equity shares to
General Meeting
23rd March 2011
Government of India by Special Resolution
d il
d
wil
w
dwildl}
ilw
ilhniln il d
dil
Eighth Annual
General Meeting
At 11.30 a.m. on
27th June 2011

Lokmangal, 1501, Shivajinagar Pune - 411 005

dd
il
w
dwildl}il
w
ildhde il eim} ildd}

il ild
Extraordinary
General Meeting
At 10.30 a.m. on
26th March 2012

Approval of Preferential Allotment of equity shares to

Government of India and LIC of India by Special Resolution
il
d
wil
w
dwildl}
ilw
ilhniln il d
dil
Ninth Annual Annual

General Meeting
At 10.30 a.m. on
25th June 2012

Lokmangal, 1501, Shivajinagar Pune - 411 005

dd
il
w
dwildl}il
w
ildhde il eim} ildd}

il ild
Extraordinary
General Meeting
At 10.30 a.m. on
18th March 2013

Approval of preferential allotment of equity shares to

Government of India and LIC of India by Special Resolution
dil il il ile d
6.2. No special resolution was passed in any of the Annual General

Meetings.
il il}ilhilil

dd ddd ilhw
hililil ililfhl
il ilhilil il il hililil
il ilhilw il ililil il d
ildwil w w nil dw il wil
d d il il il il fkl il d

d d d il L il il d il il hil
il il il l il h wil d il il hil
.
ildl} dililild

ililil ilil il il ilil hillil
dilhil ilddflil
fil il ililil
fililililw il
fl il il fl il w il

dwil w ililil il dilil
.
6.3
The Ministry of Finance, Government of India had sent an authorized

representative of President of India, to attend the Annual General
Meetings and Extraordinary General Meetings of the Bank.
6.4
Extraordinary General Meeting of the shareholders of the Bank, which

was convened on 10th January 2013, for conducting election of one
director from amongst the shareholders other than Central Government,
WR OO WKH YDFDQF\ FDXVHG E\ WKH UHVLJQDWLRQ RI 6KUL $. 3DQGLW RQ
17.07.2012,did not take place for the reason as below:
In response to the notice of EGM, the Bank received one valid
nomination of Dr Rajkumar Agrawal as against the vacancy of
one shareholder Director in terms of Section 9(3)(i) of the Banking
Companies (Acquisition and Transfer of Undertakings) Act, 1970.
In pursuance of the Regulation 66 of the Bank of Maharashtra (Shares
and Meetings) Regulations, 2004, since the Bank had one vacancy
RI 'LUHFWRU WR EH OOHG LQ IURP DPRQJVW WKH VKDUHKROGHUV RWKHU WKDQ
Central Government, and only one valid nomination was received, the
candidate nominated as above, is deemed to have been elected to
DVVXPHWKHRIFHRIWKH6KDUHKROGHU'LUHFWRUZHI'HFHPEHU
DQGKLVWHUPRIRIFHZLOOEHXSWRVW-DQXDU\
In view of the above, the Extraordinary General Meeting of the
shareholders of the Bank scheduled to be held on Thursday,
10th January 2013 for the purpose of the aforesaid election was
CANCELLED.
7.
il il il ~il il il ilil
il il il il d e il h ile
fn wililil ile
.
55
7.
Disclosures:
7.1
Other than those in the normal course of banking business, the Bank
KDV QRW HQWHUHG LQWR DQ\ PDWHULDOO\ VLJQLFDQW WUDQVDFWLRQV ZLWK LWV
Promoters / Directors, Management, their subsidiaries, or relatives, etc.
WKDWPD\KDYHSRWHQWLDOFRQLFWZLWKWKHLQWHUHVWVRIWKH%DQNDWODUJH
il il il il dl il fil
klil hl dehw d il w
ilfilklilhldehw
il hl deh } il
n f d dild il f il
ilwilfildilw
d ilfilwildililil
il il w w dild il
ililil }ilhimwil dil
il ildw w il
ilfil ilhilile
7.2
During the year under review, the Bank has complied with all mandatory
requirements, to the extent applicable, as provided in the revised
Clause 49 of the Listing Agreement, as advised by SEBI vide its circular
SEBI / CFD / DIL / CG / 1 / 2004/12/10 dated 29th October 2004 and
later amended vide its circulars SEBI / CFD / DIL / CG / 1 / 2006 /
13 dated 13th January, 2006 and Cir/CFD/DIL/10/2010 dated 16th
December 2010, to the extent they do not violate the statutes under
which the Bank is constituted and guidelines or directives issued by the
relevant regulatory authorities.
7.3
During the year under review, the Bank has complied with all
requirements regarding capital market related matters. No penalties
were imposed nor were strictures passed against the Bank by
Regulatory authorities, viz. SEBI, Stock Exchanges or any other
statutory authorities for non-compliance of any law, guidelines and
directives or any matter related to Capital Market.
7.4
The Management Discussion and Analysis forms part of the Board of

Directors Report.
7.5
Compliance with Clause 49 of the Listing Agreement
d il il } ild

} ilnild

il wil filnil d dild il

dil dd dild ilil ilfh
The Bank has complied with all the mandatory requirements of Clause
49 to the extent applicable and has also taken steps to comply with
other non mandatory requirements.
nd dild ildil

L ilil il il il il il
dilhililildilil
il e d f
LL
LLL
Following non-mandatory requirements are complied with:
il il

il d d il il w
il } l h le h
e dwdil il il
.

d il il d il dehde
e dw
eim} ilim } h
il
hil

il il il il } l h
le hhlhdhhe dw
h iln
il il

.. 01.02.2013 03.02.2013
wilf
file
deh dw
dh}
il
.

il il il il
ded} il il h ilkl il
.
d ww wn il hil il
d
il n
8.

il il dil d il il il
d il w dw il il hil } il
hil il il il w il il il
e}ZZZEDQNRIPDKDUDVKWUDLQ filw
il il il dilil il n

.

w

t
} }e
il
il
il
bm
lehim
w}
lehim
we
i)
Remuneration Committee is formed for approving the payment

of performance linked incentive to the executive directors. Last
meeting was held on 21.07.2012 and all the members were
present.
ii)
Training of Board members:
iii)
'U 1DUHVK .XPDU 'UDOO DQG 6KUL 5DPHVK &KDQGUD $JUDZDO

ZHUH QRPLQDWHG WR WKH &RQIHUHQFH RI 1RQRIFLDO 'LUHFWRUV
organized by Centre for Advanced Financial Research and
Learning (CAFRAL), RBI, Mumbai on 29th June 2012.
6KUL $WHHVK 6LQJK ZDV QRPLQDWHG WR WKH 'LUHFWRUV &RQFODYH

- Towards Value adding Board organized by IMI, Mumbai, on
28/29 September 2012.
'U 1DUHVK .XPDU 'UDOO ZDV QRPLQDWHG WR WKH &RQIHUHQFH RQ
Heads/ Members of ACB organized by Center For Advanced
Financial Research And Learning (CAFRAL), RBI, Mumbai on
05.11.2012.
6KUL 5& $JUDZDO ZDV QRPLQDWHG WR WKH %RDUG 2ULHQWDWLRQ

Programme' conducted by Institute of Public Enterprises,
Osmania Unversity, Campus at New Delhi, (IPE) from
01.02.2013 to 03.02.2013.
'U 1DUHVK .XPDU 'UDOO ZDV QRPLQDWHG WR WKH SURJUDPPH

for Independent Directors at IDRBT from 18.02.2013 to
19.02.2013.
Whistle Blower policy is made a part of the Fraud Risk

Management Policy approved by the Board.
8.
Means of Communication:
7KH TXDUWHUO\ KDOI \HDUO\ DQG DQQXDO QDQFLDO UHVXOWV RI WKH %DQN DUH
duly approved by the Board and published in at least one national Daily
in English and one local daily in Marathi. The results are simultaneously
displayed on the Banks website www.bankofmaharashtra.in
During the year, quarterly /half yearly /annual results of the Bank were
published in the following newspapers.
Period Ended

June 2012
56
Name of the daily
Date of
publication
Marathi
English
Maharashtra
Times
The Financial
Express
23.07.2012
September 2012
Sakal
Business Standard
24.10.2012
December 2012
Sakal
The Financial Express 23.01.2013
March 2013
Sakal
Business Lines
30.04.2013
9. :
}ilhimw il

e }il himw he d }il himw dl e
hhe il il il kl il
he
Shareholder Information:
9.1
Details of listing of shares on Stock Exchanges:

The Banks shares are listed on The Bombay Stock Exchange Ltd.
(BSE) and National Stock Exchange of India Limited (NSE) since
12.04.2004. The scrip codes are as under:

hhe
9.
ileim 0$+$%$1.(4
9.2
ildil
il} il
il ilil
ilil
9.3 ()

w

MAHABANK - EQ
Particulars of the Tenth Annual General Meeting:

Board Meeting for considering
Accounts and Dividend
il
klilwil
wildl}d
wilw
411 005

il
( )

9.3

d

l
nil
e
9.4
9.4

hh e w} h }l hw} 57$ il
ddd il il nndil il w
ilw d il n fildnd
dilwil h dd il w}h }lhw}il d
n ilililh w ilil
mrf rjfmr
gjf
hh}
eile ildl}
dlklilil
w
we
}l
lim
eXGD\BPFV#\DKRRLQ
ildl}
ilh
ilw

l
lim
e LQYHVWRUBVHUYLFHV#

PDKDEDQNFRLQ
29.04.2013
Date, Time and Venue of

Tenth AGM.
At 10.30 am on Friday, the14th

June 2013, at Appasaheb Joag Hall
Bank of Maharashtra, Lokmangal,
1501, Shivajinagar Pune-411 005.
Posting of Annual Report
20.05.2013
Dates of Book Closure
01.06.2013 to 14.06.2013
(Both days inclusive)
Date of payment of dividend
13.07.2013
Financial Calendar (Tentative):

Approval of Quarterly
Results for period ending
Tentative Time
30th June 2013
Before 14th August 2013
30th September 2013
Before 14th November 2013
31st December 2013
Before 14th February 2014
31st March 2014
Audited Annual Results before

15th May 2014
Share Transfer System and assistance to the Investors and

Shareholders:
Share transfer and all other investor related matters are attended to
DQGSURFHVVHGDWWKHRIFHRIWKH%DQNV5HJLVWUDUDQG7UDQVIHU$JHQWV
(RTA), M/s. MCS Limited, Mumbai. The shareholders, who hold their
shares in physical forms, may lodge their transfer deeds and any other
documents, grievances and complaints to the RTA or alternatively to
Investor Services Department of the Bank at the following addresses:
9.5
cgkrgjxcf

ehweilil ildnilwild
il il fil il n w il w il d
il il il il n il f il
w ehw il
532525
NSE
The annual listing fee for the year 2013-14 has been paid to the Stock
Exchanges.
fl}ilhimw il ilililil

wil
n
ilil il
ild
ilild

BSE
Registrar & Transfer Agent:
Investor Services Department:
MCS Limited,
(Unit: Bank of Maharashtra)
2IFH1R*URXQG)ORRU
Kashiram Jamnadas Bldg,
5, P.D Mello Road,
(Ghadiyal Godi), Masjid (E),
Mumbai 400 009.
Tel: (022) 2372 6253-56
Fax:(022) 2372 6252
e-mail: uday_mcs@yahoo.in
Bank of Maharashtra,
Investor Services Department
/RNPDQJDO6KLYDMLQDJDU
Pune 411 005
Tel: (020)2551 1360
Fax (020) 2553 3246
e-mail: investor_services@
mahabank.co.in
Electronic Clearing Services (ECS):

ECS is a novel method of payment of dividend/interest etc. where
the amount due to investor can be directly credited to his/ her Bank
account. The Bank offers this service to its shareholders with an option
to avail the facility at the following fortythree centers, where ECS credit
Clearing System is operative.
Agra, Ahmedabad, Amritsar, Aurangabad, Baroda, Bengaluru,
Bhubaneshwar, Bhopal, Chandigarh, Coimbatore, Chennai, Dehradun,
Guwahati, Gwalior, Hyderabad, Indore, Jaipur, Jallandhar, Jamnagar,
Jammu, Kanpur, Kolhapur, Kolkata, Lucknow, Ludhiana, Madurai,
d d d d

il}ilil}e
w w w w il il ng
57
e il e w } wil}

fwn}}
Mangalore, Mumbai, Nagpur, Nasik, New Delhi, Panaji, Patna, Pune,

Rajkot, Raipur, Solapur, Surat, Thiruvananthpuram, Tirupur, Udupi,
Vijayawada, Visakhapatnam.
fl il il il il eh d l il

il e il f il l il } il
il e l il w} d d hw} il
w d} n h l w}
}}il wwhehil il ilil
il ild e~ il ilil
The Shareholders residing at any of the above centers may avail of this
IDFLOLW\E\OOLQJLQWKH(&6PDQGDWHIRUP7KHIRUPLVHQFORVHGZLWKWKH
Annual Report, which may be sent to the Registrars & Transfer Agent in
case of shares held in physical mode and to the respective Depository
Participants (DPs) in respect of the shares held in dematerialized mode.
The option to receive dividend through ECS may be discontinued at any
time, at the instance of the shareholder.
9.6

il h } il ilil il
il} ilildililhw}
il fl ililil
9.6
gjvrbcm

il il il d } klkl il il
il }il il h il w} im}w
w}w 16'/ } w} e &'6/
il ilh il il eim} il d} dehdeh il
,1($ il h il d l il
dw} il il e
9.7
The Shareholders who have not encashed the dividend warrants for the
QDQFLDO \HDUV
2009-10, 2010-11 and 2011-12 may contact the Registrar / Bank on
the above address for revalidation of the warrants and for necessary
assistance.
Particulars of shares held by the shareholders as on 31st March 2013

are as under:

il
}
ilhhh

nhh

dmv

179605
100.00
661475934
il
il
No. of shareholders
Category
Number of
shareholders
Physical *
No. of shares
Percentage
Number of
shares
Percentage
50616
28.18
78995331
11.94
Demat:

100.00
1.
NSDL
93729
52.19
106042001
16.03
2.
CDSL**
35260
19.63
476438602
72.03
Sub-total
128989
71.82
582480603
88.06
Grand Total
179605
100.00
661475934
100.00
(* includes 7,18,83,852 shares held by the Government of India)

(** Including 46,55,06,455 shares held by the Government of India)
mvrgjgj gj

w}h il n
Month
Dematerialisation of shares:
Shares of the Bank are traded compulsorily in Demat form only.
The Bank has entered into agreements with both the Depositories
viz. National Securities Depositories Limited (NSDL) and Central
Depository Services (India) Limited (CDSL) for dematerialization of the
Banks shares. The ISIN code allotted to the Banks Equity Shares is
INE457A01014. The Annual Custody fees for the year 2013-14 have
been paid to the depositories as per SEBI guidelines.
il il il

Unpaid Dividends:
9.8
Market Price data / price performance of Bank's Shares:

(Market Price data in Rupees and Volume in number of Shares):
BSE
gk SENSEX
NSE
High
Low
Volume
High
Low
Volume
High Low
April, 12
55.90
49.25
784046
56.00
50.05
2446412
17664
17010
e May
56.35
46.10
798496
57.00
45.55
2348805
17432
15810
w June
54.75
48.20
1122291
54.75
48.25
3464144
17448
15749
we July
51.25
45.10
638788
51.00
44.90
2198375
17631
16598
August
47.00
42.90
346182
47.90
42.80
848621
17973
17027
September
50.40
43.05
679549
50.85
43.05
2513199
18870
17251
dl October
53.75
49.00
3638048
53.90
46.50
9774813
19137
18393
November
56.70
50.00
2107084
56.55
50.00
4186552
19373
18256
December
62.00
56.00
1445033
61.80
55.90
5008404
19612
19149
w January, 13
66.20
56.00
2266290
66.20
49.85
8308170
20204
19509
February
60.00
52.10
925936
59.25
52.15
1562936
19967
18794
March
54.80
46.40
610801
54.40
46.40
1806617
19755
18568
58
9.9
dil
d

ilil dil
ilil ~il
9.9
31.3.2012

31.3.2013

Particulars
31.3.2013
10/-
10/-
EPS (`)
7.59
11.88
22
23*
Book Value (`)
54.06
67.10
Dividend Pay out (excluding

GLYLGHQGWD[DVRIQHWSURW

*Subject to approval of Shareholders
9.10

il il

il

g

gj

9.10 Distribution of shareholding:

The distribution of shareholding, as on 31.3.2013 is as under:
%

No. of Shares
9.11
31.03.2013 31.03.2012

31.03.2013

%
il

il
il

dl}de

,
d d
il

il

w l

No. of
Shareholders
No. of
shares
% to total
% to
total
Up to 500
1,67,745
93.40
2,18,06,710
501 -1000
6,983
3.89
56,96,542
0.86
1001-2000
2,803
1.56
42,21,255
0.64
2001-3000
724
0.40
18,61,210
0.28
3001-4000
325
0.18
11,64,488
0.18
3.30
0.17
4001-5000
238
0.13
11,23,301
5001-10000
411
0.23
30,07,162
0.45
Above 10000*
376
0.21
62,25,95,266
94.12
1,79,605
100.00
66,14,75,934
100.00
Total
[* Includes 53,73,90,307 shares held by the Government of India]
il il

31.3.2012
Face Value (`)
Dividend (%)
il ildild
mv
Per Share Data:
9.11 Shareholding Pattern:

The shareholding pattern of the Banks shares as on 31.3.2013 and
31.03.2012 was as under:
As on 31.03.2013
31.3.2012

%

No. of
shares held
Govt. of India
53,73,90,307
Banks/Financial
Institutions / Insurance
Companies

Category of
shareholder
As on 31.03.2012
% to total
holding
No. of
% to total
shares held holding
81.24 46,55,06,455
78.95
6,12,52,812
9.26
6,44,70,862
Mutual Funds/ UTI
56,14,655
0.85
12,06,470
0.20
FIIs, NRIs and OCBs
57,56,331
0.87
53,65,721
0.91
Domestic Companies
69,25,356
1.05
72,04,077
1.22
6.73
4,58,38,497
7.78
100.00 58,95,92,082
100.00
Indian Public / Resident

individuals
Total
4,45,36,473
66,14,75,934
10.94
9.12 Allotment of equity shares to Government of India on preferential

allotment basis
As approved by Special Resolution in the Extraordinary General
Meeting of the Shareholders of the Bank, held on 18th March 2013,
7,18,83,852 equity shares of ` 10/- each for cash at a premium of
` 46.48 per share aggregating ` 405,99,99,960.96 were issued and
allotted to the Government of India, on preferential allotment basis in
March 2013.
{gjgj bxbrbxcgkr gjbr

il il il il il il e d d
il il d il h il ` il `
` ilhilil d
d}d w h d}ilhh
9.13 Green Initiatives in communication to the shareholders:
9.13

il h il} il d il il
kl hkl il il kl
il il eim}il w il d
eil d il h il il il w w d
il il d e de il d il w il il il
il w eim}il w il dil
The Ministry of Corporate Affairs, vide its communications No.

17/95/2011 CL-v/Cir No.17 dated 21.04.2011 and No. 18/95/2011,
dated 29.04.2011 has allowed sending the communications to the
shareholders by electronic mode, as matter of Green Initiative. Falling
in line with this, the Bank has sent letters/mails to the shareholders,
requesting them to inform/update their email Ids to enable the Bank
to send the notices/communications/documents to the shareholders by
electronic mode. This is done periodically from then and as and when
59
w d w il il hwh ewh il } il h

} w w il w il il
ililil il ddil il il
eim}il w e
notices for AGM, EGM and Annual Reports are sent to shareholders.
Recently, the notices of the Extraordinary General Meeting of the
shareholders of the Bank, held on 18th March 2013 were sent to 50,495
shareholders by electronic mode.
&HUWLFDWH'HFODUDWLRQRIWKH&KDLUPDQDQG0DQDJLQJ'LUHFWRU
il ilil } ilnild il

il d il il il il il h d il
ildilil e} il e
il il il il d il il il
il il ildilil
I declare that the Board has laid down the Code of Conduct for all Board
Members and Senior Management Personnel of the Bank in compliance with
clause 49 of the Listing Agreement. The Code of Conduct is posted on the
website of the Bank.
I further declare that all Board members and Senior Management Personnel
RI WKH %DQN KDYH DIUPHG WKHLU FRPSOLDQFH ZLWK WKH &RGH RI &RQGXFW GXULQJ
the year ended 31st March 2013.
For Bank of Maharashtra
il ildl}

il

nil
hd im}

m fvgj
nil
im}
h
f
( )
dh il

nil
nil
l
lwklil dl ilw

- 411 004
e
m fvgj
nil
d
f
ilil
Place :
Date :
fvgj
nil
hddilil}
}imd

N Kumar Chhabra & Co.

Chartered Accountants
SCO 1094-95, Sector 22-B
Chandigarh 160 022
DSP & Associates

Chartered Accountants,
783, Desh Bandhu Gupta
Road, Near Faiz Road
Crossing, Karol Bagh,
New Delhi 110 005
Kirtane & Pandit

Sangati, 73/2/2,
Bhakti Marg,
Off Law College Road
Pune 411 004
J C Bhalla & Co.

B/5 Sector 6,
Noida,
U.P. - 201301
G. Basu & Co.

3,Chowringhee Approach,
Basu House
Kolkata -700 072
Singh Ray Mishra & Co

Sr 31, Ashok Market,
Station Square,
Bhubaneshwar-751 001.
We have examined the compliance of conditions of Corporate Governance

by Bank of Maharashtra for the year ended on 31.3.2013 as stipulated
vide clause 49 of the Listing Agreement entered by the Bank with Stock
Exchanges, to the extent applicable.
} il il} il

w }h}ild~ il il}il
himw ildil il dil wil
il} il il d il w il il w fil
il h il il w il il} il il
dil ilhdilil
d } wil h }il d il d
il il il fl } h}
il}ilil dil
il il il ililil ilil ilil
n dnildhil w
il ileild ilil il
il il ilil il d il il il
.

nil
hldhh

kl
gj{ m fvgj
nil
hldhe
fmgj

kl
(Narendra Singh)
$XGLWRUV&HUWLFDWHWRWKH6KDUHKROGHUVRI%DQNRI0DKDUDVKWUD
gjbjr gjxgj { lgj gjz}
. .
nil
hldhh

kl
gj{ m fvgj
nil
hldhh
fmt

kl

il d
Pune
29.04.2013
The Compliance of conditions of Corporate Governance is the responsibility

of the Management. Our examination was limited to the procedures and
implementation thereof, adopted by the Bank for ensuring the compliance
of the conditions of Corporate Governance. It is neither an audit nor an
H[SUHVVLRQRIRSLQLRQRQWKHQDQFLDOVWDWHPHQWVRIWKH%DQN
In our opinion and to the best of our information and according to the
explanations given to us and the representations made by the Directors
and Management, we certify that the Bank has complied with the norms
of Corporate Governance as stipulated in the above-mentioned Listing
Agreement.
We state that no investor grievance was pending for a period exceeding one
month as at 31st March 2013 against the Bank as per the records maintained
by the Bank.
We further state that such compliance is neither an assurance to the future
YLDELOLW\ RI WKH %DQN QRU WKH HIFLHQF\ RU HIIHFWLYHQHVV ZLWK ZKLFK WKH
management has conducted the affairs of the Bank.

nil
hldh

kl

nil
hldhe
fgj
kl
For N. Kumar Chhabra & Co

FRN 000837N
For DSP & Associates

FRN 6791N
For Kirtane & Pandit

FRN 105215W
CA Ashish Chhabra
Partner
Membership No. 507083
CA Arvind Singhal
Partner
CA Sandeep D.Welling
Partner
Membership No 044576
For J.C. Bhalla & Co

FRN 001111N
For G. Basu & Co

FRN 301174E
For Singh Ray Mishra & Co

FRN 318121E
CA Rajesh Sethi
Partner
CA Manoj Kumar Das

Partner
CA Saunak Ray
Partner
Place :
Dated :
60
Pune
29 April 2013
61
31 2013
BALANCE SHEET AS ON 31ST MARCH 2013
(` w
(` in thousands)
31 2013
( )
31 2012
( )
As on 31st March, 2013

(Current Year)

(Previous Year)
1249,47,59
1177,59,21
5147,46,23
3545,06,66
Schedule
m f { CAPITAL AND LIABILITIES

w Capital
d dd Reserves & Surplus
w Deposits
f Borrowings
dh Other Liabilities & Provisions
94336,93,18
76528,65,08
12877,48,82
6944,75,04
3341,44,74
2941,32,62
116952,80,56
91137,38,61
5265,29,08
4535,47,72
Balances with Banks, Money at call & short notice
907,55,45
1208,77,87
Investments
d Advances
d Fixed Assets
dd Other Assets
31430,31,40
26031,35,83
mv TOTAL
b{ ASSETS
il dw il d
Cash and Balances with Reserve Bank of India
il dd
75470,77,79
56059,76,44
10
1429,47,44
600,65,41
11
2449,39,40
2701,35,34
116952,80,56
91137,38,61
24361,75,56
18788,85,69
2548,99,73
2044,61,87
mv TOTAL
Contingent Liabilities
Bills for Collection
n 6LJQLFDQWDFFRXQWLQJSROLFLHV
n } Notes on Accounts
12

18
fimd n ildd The Schedules referred to above form an integral part of the Balance Sheet
bm
C VR RAJENDRAN
NARENDRA SINGH
ililil
dh il
EXECUTIVE DIRECTOR
CHAIRMAN & MANAGING DIRECTOR
vmgjb
vfv
bb
vgj
Dr RAJKUMAR AGRAWAL
Dr S U DESHPANDE
R C AGRAWAL
Dr NARESH KUMAR DRALL
il
il
il
il
DIRECTOR
DIRECTOR
DIRECTOR
DIRECTOR
fv xgj
vvfr
gjm
S D DHANAK
Dr. D S PATEL
MS KAMALA RAJAN
il
il
il
DIRECTOR
DIRECTOR
DIRECTOR
{
z
b{r
gj
V P SRIVASTAVA
V. SUBRAMANIAN
ATUL BHATIA
B.K. PIPARAIYA
il n
fil n
il n
nil
Asstt. General Manager, FM&A
Dy. General Manager, FM&A
General Manager, FM&A
Chief General Manager

il d
Place : Pune
Date
: 29th April, 2013
62
gj { gjl

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2013
(` w
(` in thousands)
31 2013
( )
31 2012
( )
Year ended
31st March, 2013
(Current Year)
Year ended
31st March, 2012
(Previous Year)
9613,43,21
912,00,07
7213,96,44
640,66,61
10525,43,28
7854,63,05
6580,08,48
1796,64,28
1389,18,56
4696,87,51
1642,51,51
1084,41,15
9765,91,32
7423,80,17
759,51,96
445,35,38
430,82,88
365,44,51
,35
1204,87,34
796,27,74
189,87,99
20,62,54
445,35,38
150,00,00
16,11,47
49,98,00
152,13,95
34,35,02
146,42,99
1204,87,34
11.88
107,70,72
2,54,20
25,00,00
55,86,00
129,71,03
30,10,41
445,35,38
796,27,74
7.59
Schedule
b INCOME
dww Interest earned
dd Other Income
I.
13
14
mv TOTAL
EXPENDITURE
ilw Interest expended
Operating Expenses
ddililh Provisions & contingencies
mv TOTAL
PROFIT/LOSS
ilh 1HW3URWIRUWKH\HDU
w d $GG3URWEURXJKWIRUZDUG
w Add : Drawing from Revenue Reserve
mv TOTAL
APPROPRIATIONS
ildil d Transfer to Statutory Reserve
w dil d Transfer to Capital Reserve
wdil d Transfer to Revenue Reserve
dil d Transfer to Special Reserve
dil d Transfer to Investment Reserve
hh Proposed dividend (PNCPS)
eim} Proposed dividend (Equity)
il Tax on Dividend
il d w Balance carried over to Balance Sheet
mv TOTAL
dwilil e (`) Earning per share (Basic & Diluted) (`)
II.
15
16

fimd n ildd 7KH6FKHGXOHVUHIHUUHGWRDERYHIRUPDQLQWHJUDOSDUWRIWKH3URW /RVV$FFRXQW

il} ild AS PER OUR REPORT OF EVEN DATE ATTACHED.
gj{fgjsfvgj
gj{vffvbfr
gj{gj{fvv{
gj{mfvgj
gj{mfvgj
gj{fvgj
For N.Kumar Chhabra & Co.
For J C Bhalla & Co.
For G Basu & Co.
For Singh Ray Mishra & Co.
hldhh
hldhh
hldh
hldhh
hldhe
hldhe
FRN : 000837N
FRN : 006791N
FRN: 105215W
FRN : 001111N
FRN : 301174E
FRN : 318121E
nil
nil
nil
nil
nil
nil
fbs
fb
fv
fmt
fmgj
fgj
CA Ashish Chhabra
CA Arvind Singhal
CA Sandeep D Welling
CA Rajesh Sethi
CA Manoj Kumar Das
CA Saunak Ray
Partner
Partner
Partner
Partner
Partner
Partner
kl
kl
kl
kl
kl
kl
Membership No.: 507083

il d
Place : Pune
Date
: 29th April, 2013
63
(` w
(` in thousands)
b m
SCHEDULE 1 : CAPITAL
31 2013 ( )
31 2012 ( )
As on 31st March, 2013 (Current Year)
As on 31st March, 2012 (Previous Year)
3000,00,00
3000,00,00
xgj{m Authorised Capital

` ileim} 300,00,00,000 Equity Shares of ` 10 each
mb| Issued & Subscribed
` il eim}
66,14,75,934 Equity Shares (Previous year 58,95,92,082) of ` 10/- each

il Opening Balance
il Additions during the year
|m Paid Up Capital
589,59,21
71,88,38
661,47,59
481,71,26
107,87,95
589,59,21
il ilil
a.
Held by Central Government

` il eim}
53,73,90,307 (Previous year 46,55,06,455) Equity shares of ` 10/- each
537,39,03
465,50,65
124,08,56
124,08,56
n wd
b.
Held by the Public & Others

` il eim}
12,40,85,627 (Previous year 12,40,85,627) Equity Shares of ` 10/- each
}h d} Less: Allotment money due
661,47,59
661,47,59
588,00,00
588,00,00
589,59,21
589,59,21
bx
Perpetual Non Cumulative Preference Shares
ilil ` il d
5880 Perpetual Non Cumulative Preference Shares of ` 10,00,000/each held by Central Government
588,00,00
mv TOTAL
1249,47,59
(` w
b b{ bbx
SCHEDULE 2 : RESERVES AND SURPLUS
(` in thousands)

I.
31 2013 ( )
31 2012 ( )
xgjb{ STATUTORY RESERVE

il Opening Balance
il Addition during the year
m{b{ CAPITAL RESERVE
il Opening Balance
i)
ii)
ilil Deduction during the year
iii)
SHARE PREMIUM
il Opening Balance
i)
ii)
mbb{ REVENUE AND OTHER RESERVES
gj mb{ a) REVENUE RESERVE
il Opening Balance
i)
ii)
iii)
l b{ b) SPECIAL RESERVE
il Opening Balance
i)
ii)
iii)
b{ c) REVALUATION RESERVE
il Opening Balance
i)
ii)
iii)
b{l{ d) INVESTMENT RESERVE ACCOUNT
il Opening Balance
i)
ii)
iii)
l{ BALANCE IN PROFIT & LOSS ACCOUNT
mv TOTAL ,,,,,,,9f 9 (I, II, III, IV & V)
828,27,67
189,87,99
i)
ii)
II.
III.
IV.
V.
588,00,00
1177,59,21
1018,15,66
720,56,95
107,70,72
828,27,67
119,18,00
20,62,54
139,80,54
116,63,80
2,54,20
119,18,00
928,02,42
334,11,61
1262,14,03
430,80,74
497,21,68
928,02,42
1201,55,83
756,20,80
,35
756,20,45
243,00,00
68,00,00
25,00,00
93,00,00
1120,25,71
443,54,56
2,10,91
70,62,73
375,02,74
756,20,45
445,35,38
93,00,00
150,00,00
375,02,74
1181,27,53
436,04,56
16,11,47
16,11,47
146,42,99
5147,46,23
64
445,35,38
3545,06,66
(` w
b m
SCHEDULE 3 : DEPOSITS
(` in thousands)
.A. I.
II.
III.
lB. (i)
(ii)
m DEMAND DEPOSITS

i)
il From Banks
ii)
d From others
{gjm SAVINGS BANK DEPOSITS
m TERM DEPOSITS
i)
il From Banks
ii)
d From others
mv TOTAL ,,,f ,,, (I, II & III)
nd il w Deposits of Branches in India
ilil nd il w
31 2013
( )
31 2012
( )

(Current Year)

(Previous Year)
394,17,67
58,69,12
10791,43,91
11185,61,58
8392,77,98
27289,93,55
180,44,44
45,33,27
55680,93,61
55861,38,05
Deposits of Branches outside India
mv TOTAL
44851,72,57
76528,65,08
94336,93,18
76528,65,08
94336,93,18
76528,65,08
(` w
SCHEDULE 4 : BORROWINGS
(` in thousands)
{ dx BORROWINGS IN INDIA

i)
w il Reserve Bank Of India
ii)
dil Other Banks
iii)
dd dhw Other Institutions and Agencies
iv)
df Other Borrowings
il n dede
a)
44897,05,84
94336,93,18
b dx
I.
8451,47,10
23180,12,14
31 2013
( )
31 2012
( )

(Current Year)

(Previous Year)
600,00,00
Innovative Perpetual Debt Instruments (IPDI)
3170,00,00
3563,00,00
4939,17,07
825,80,21
295,00,00
295,00,00
1250,00,00
1250,00,00
n il w ilw w n
II.
III.
b)
Hybrid Debt Capital Instruments issued as Bonds
c)
Subordinated Debt Bonds
1555,00,00
12202,17,07
{gjdx BORROWINGS OUTSIDE INDIA

mv TOTAL ,f ,, (I & II)
955,00,00
448,94,83
12877,48,82
6944,75,04
d|j,,, m{ dx

SECURED BORROWINGS INCLUDED IN I & II ABOVE
(` w
b b{f bx
SCHEDULE 5 : OTHER LIABILITIES AND PROVISIONS
(` in thousands)
I.
II.
III.
IV.
6495,80,21
675,31,75
Bills Payable
dilw,QWHURIFHDGMXVWPHQWVQHW
fw Interest Accrued
de Others (including provisions) :
i)
ild Provision against standard assets
ii)
dh Other liabilities (including provisions)
mv TOTAL ,,,,,,f ,9 (I, II, III & IV)
31 2013
( )
31 2012
( )

(Current Year)

(Previous Year)
415,27,14
409,11,91
66,82,54
340,62,41
283,48,32
416,21,89
2102,50,76
261,34,66
2518,72,65
3341,44,74
65
1987,37,73
2248,72,39
2941,32,62
(` w
b gj b{m gj bx

SCHEDULE 6 : CASH AND BALANCES WITH RESERVE BANK OF INDIA
I.
31 2013
( )
31 2012
( )

(Current Year)

(Previous Year)
514,55,25
503,55,06
il e il }

Cash in hand (including foreign currency notes)
II.
(` in thousands)
w il d
Balances with Reserve Bank of India
i)
ii)
n In Current Accounts
dn In other Accounts
4750,73,83
4031,92,66
4750,73,83
5265,29,08
4535,47,72
(` w
b gj bxb{~bx
SCHEDULE 7 : BALANCES WITH BANKS AND MONEY AT CALL & SHORT NOTICE
I.
4031,92,66
(` in thousands)
31 2013
( )
31 2012
( )

(Current Year)

(Previous Year)
{ In India
il d Balances with Banks in
il n
i)
(a)
Current Accounts
61,42,65
381,01,76
n dwn
(b)
ii)
Other Deposit Accounts
815,18,55
876,61,20
15,18,55
396,20,31
d Money at call and short notice

il il il
(a)
With Banks
n dd il
(b)
With Other Institutions
mv TOTAL Lf LL (i & ii)

II.
876,61,20
396,20,31
{gj Outside India

gj bx Balances with Banks in
il n
(a)
Current Accounts
30,94,25
812,57,56
n dwn
(b)
Other Deposit Accounts
d
(c)
Money at Call & Short Notice
mv TOTAL
mv GRAND TOTAL ,f ,, (I & II)
66
30,94,25
812,57,56
30,94,25
812,57,56
907,55,45
1208,77,87
(` w
b
SCHEDULE 8 : INVESTMENTS
(` in thousands)
.A. I.
31 2013
( )
31 2012
( )

(Current Year)

(Previous Year)
25373,29,69
20643,83,96
175,46,46
210,65,55
1171,46,99
944,45,97
73,42,11
68,76,11
Investments in India in
il il
a)
Government Securities
nww il
(inclusive of treasury bills & zero coupon bonds)
n dd
b)
Other approved securities
c)
Shares
d
d)
Debentures and Bonds
il dlf
e)
Subsidiaries and / or Joint Ventures
f)
Others
i)
}dedl il}
ii)
w &HUWLFDWHRI'HSRVLWV
wil Commercial Papers
} PTCs
dde hld R I D F & Others
Units of U T I / Mutual funds
iii)
iv)
v)
28,32,06
30,59,42
872,33,81
1045,18,21
9,72,60
53,26,25
5,50,88
15,01,96
3720,76,80
mv TOTAL
II.
4636,66,15
3019,58,40
4163,64,24
31430,31,40
26031,35,83
Investments outside India
mv TOTAL
31430,31,40
26031,35,83
gjmv GRAND TOTAL (I & II)

nB. d il
a)
Gross Investments in India
31497,72,70
26198,26,56
65,37,99
165,63,25
}h
Less: Depreciation on Investment
}h
Less: Provisions for Investment
2,03,31
31430,31,40
1,27,48
26031,35,83

Net Investment
ilil
b)
Gross Investments outside India
mv TOTAL bf (a & b)
67
31430,31,40
26031,35,83
31430,31,40
26031,35,83
(` w
b b
SCHEDULE 9 : ADVANCES
(` in thousands)
ilA.
31 2013
( )
31 2012
( )

(Current Year)

(Previous Year)
i)
}}iln h
ii)
ildm}d
Cash Credits, Overdrafts & Loans repayable on demand
27857,77,03
iii)
Term Loans
mv TOTAL
45664,31,68
Bills purchased and discounted
nB. i)
1948,69,08
1489,69,90
19481,62,53
75470,77,79
35088,44,01
75470,77,79
56059,76,44
56059,76,44
d
Secured by tangible assets
d
(includes advances against Book Debts)
ii)
Covered by Bank / Government Guarantees

iii)
C.
I.
II.
64456,05,85
45450,23,07
58,56,10
7,19,91
ilil
d Unsecured
mv TOTAL
10956,15,84
75470,77,79
10602,33,46
75470,77,79
d Advances in India
i)
il Priority Sector
ii)
wil Public Sector
iii)
il Banks
iv)
d Others
d Advances outside India
mv TOTAL ,f ,, (C.I & C.II)
24339,55,60
18850,37,64
12787,04,06
13216,97,50
271,52,71
38072,65,42
68
56059,76,44
56059,76,44
,10,98
75470,77,79
23992,30,32
56059,76,44
75470,77,79
56059,76,44
(` w
b ~b{
SCHEDULE 10 : FIXED ASSETS
(` in thousands)
31 2013
( )
31 2012
( )

(Current Year)

(Previous Year)
Premises
1.
il il ild
I.
At cost as on 31st March of the preceding year
592,12,41
643,25,24
35,54,79
,4,29
il~ ilililil
e il
(includes increase in the value on account of
revaluation of certain premises in earlier years)
2.
3.
il Addition during the Period

ililil
Addition on account of revaluation during the year
4.
ilil Deduction during the Period
5.
d Depreciation to date
1181,27,53
2,10,91
1808,94,73
645,40,44
486,91,13
53,28,03
1322,03,60
II.
107,79,23
592,12,41
1214,24,37
2WKHU)L[HG$VVHWVLQFOXGLQJIXUQLWXUHDQG[WXUHV
1.
il il ild

730,73,92
2.
dil Addition during the Period
129,72,89
72,52,00
860,46,81
749,13,44
dilil Deduction during the Period

4.
676,61,44
18,12,27
18,39,52
842,34,54
730,73,92
627,11,47
215,23,07
1429,47,44
SCHEDULE 11 : OTHER ASSETS
IV.
V.
31 2012
( )

(Current Year)

(Previous Year)
371,79,64
754,32,54
585,48,92
Tax paid in advance / tax deducted at source
723,83,94
855,61,84
5,01,93
5,31,18
966,20,99
883,13,76
2449,39,40
2701,35,34
n d} Stationery and Stamps

il} dwild
d Others *
mv TOTAL ,,,,,,,99f 9, (I, II, III, IV, V & VI)
31 2013
( )
dilw ,QWHURIFHDGMXVWPHQWVQHW
fw Interest accrued
d ilil}il
Non-banking assets acquired in satisfaction of claims

VI.
162,60,46
600,65,41
(` in thousands)
III.
568,13,46
(` w
b bb{
I.
438,04,95
b~b{ c jjgk
3.
II.
154,07,46
} d ` il dild `
* Note : Others include Net Deferred Tax Assets of ` 41,45,43 (Previous Period ` 261,85,96)
69
(` w
b bgjgj{
SCHEDULE 12 : CONTINGENT LIABILITIES
(` in thousands)
I.
31 2013
( )
31 2012
( )

(Current Year)

(Previous Year)
1181,54,34
1175,57,05
13628,90,10
9865,17,63
ilil w il il il

Claims against the Bank not acknowledged as debts
II.
III.
dil ilh Liability for partly paid investments

ild il
Liability on account of outstanding forward exchange contracts*
IV.
}il il d
Guarantees given on behalf of constituents
V.
il (a) In India

n il (b) Outside India
ililddh
Acceptances,endorsements and obligations
VI.
d wil il f
Other items for which Bank is contigently liable
5656,57,00
1177,15,86
4834,78,66
6833,72,86
740,57,84
2717,58,26
5575,36,50
1772,74,51
400,00,00
24361,75,56
18788,85,69
d il kl n ilil h

Contingent liabilities in respect of forward exchange contracts include both sale and purchase contracts
(` w
b bm{m
SCHEDULE 13 : INTEREST EARNED
(` in thousands)
I.
II.
III.
d w}} Interest / Discount on Advances / Bills

w Interest on Investments
}h il Less : Amortisation of Investments
w ilil dddil w
31 2013 ( )
31 2012 ( )
Year ended 31st March, 2013

(Current Year)

(Previous Year)
7298,49,90
2263,27,95
32,00,27
Interest on balances with Reserve Bank of India & other inter bank funds
IV.
d Others
5490,62,67
1739,22,16
2231,27,68
30,64,74
81,70,38
1,51,94
1,95,25
13,24,41
9613,43,21
7213,96,44
(` w
b bb
SCHEDULE 14 : OTHER INCOME
(` in thousands)
I.
II.
III.
IV.
1708,57,42
ild Commission, exchange, and brokerage

ilkl 3URWRQVDOHRILQYHVWPHQWV
}h il kl Less : Loss on sale of Investments
il 3URWRQUHYDOXDWLRQRI,QYHVWPHQWV
}h il Less: Loss on revaluation of Investments
ddd ilkl
31 2013 ( )
31 2012 ( )

(Current Year)

(Previous Year)
491,33,75
154,79,81
10,84,68
3URWRQVDOHRIODQGEXLOGLQJVDQGRWKHUDVVHWV
143,95,13
,64,16
455,07,28
31,80,22
19,67,87
12,12,35
,68,98
}h ddd ilkl
V.
Less : Loss on sale of land, buildings and other assets

3URWRQ([FKDQJH7UDQVDFWLRQV
}h Less: Loss on Exchange Transactions
,75,26
60,41,78
,5
VI.
lfilil e il dwd
VII.
Income earned by way of dividends etc. from subsidiaries/

companies and/or Joint Ventures abroad/in India
d Miscellaneous Income
4,99,08
211,41,48
3,31,22
126,31,44
mv TOTAL ,,,,,,,999,f 9,, (I, II, III, IV, V, VI & VII)
912,00,07
640,66,61
70
-,11,10
60,41,73
,59,48
43,81,48
,6,66
,9,50
43,74,82
(` w
b gjm
SCHEDULE 15 : INTEREST EXPENDED
(` in thousands)
I.
II.
III.
31 2013 ( )
31 2012 ( )

(Current Year)

(Previous Year)
5879,25,28
4293,80,71
Interest on Reserve Bank of India / inter-bank borrowings
312,27,28
120,05,42
d Others
388,55,92
283,01,38
6580,08,48
4696,87,51
w w Interest on deposits

w ildilf w
mv TOTAL ,,,f ,,, (I, II & III)
(` w
b
SCHEDULE 16 : OPERATING EXPENSES
(` in thousands)
I.
115,88,69
18,65,16
14,22,02
16,22,17
17,87,62
73,92,99
65,66,08
,75,30
,71,45
13,20,43
11,90,45
9,89,24
8,72,47
29,72,54
22,48,32
39,87,66
33,70,57
77,47,30
69,20,05
196,35,13
169,12,06
1796,64,28
1642,51,51
il il l d

Directors fees, allowances and expenses
VII.
132,74,67
ilil
Depreciation on Banks property
VI.
1113,01,73
yd
Advertisement and publicity
V.
1187,81,69
dn
Printing and stationery
IV.

(Previous Year)
ild
Rent, taxes and lighting
III.
31 2012 ( )

(Current Year)
il il dfil

Payments to and provisions for employees
II.
31 2013 ( )
nil il ld

Auditors fees and expenses
e nnil il ld

VIII.

Law Charges
IX.
ild}ld
Postage, Telegrams, Telephones, etc.
X.
dd
Repairs and maintenance
XI.
Insurance
XII.
d
Other expenditure
mv TOTAL ,,,,,,,999,9,,9,,,,;;;,f ;,, (I,II,III,IV,V,VI,VII,VIII,IX,X,XI & XII)
71
17 -
SCHEDULE 17 SIGNIFICANT ACCOUNTING POLICIES
1.
1.
7KHQDQFLDOVWDWHPHQWVDUHSUHSDUHGXQGHUWKHKLVWRULFDO
FRVW FRQYHQWLRQV H[FHSW DV RWKHUZLVH VWDWHG DQG FRQIRUP
WR WKH *HQHUDOO\ $FFHSWHG $FFRXQWLQJ 3ULQFLSOHV *$$3
ZKLFK LQFOXGH VWDWXWRU\ SURYLVLRQV SUDFWLFHV SUHYDLOLQJ
ZLWKLQ WKH %DQNLQJ ,QGXVWU\ LQ ,QGLD WKH UHJXODWRU\
5HVHUYH %DQN RI ,QGLD 5%, JXLGHOLQHV $FFRXQWLQJ
6WDQGDUGV JXLGDQFH QRWHV LVVXHG E\ ,QVWLWXWH RI
&KDUWHUHG$FFRXQWDQWVRI,QGLD,&$,
h il ~il w d fn

d ild ilh h d d
n whh w il d il
f dilw ilil
nil dehde w n il
} il
il il il d il}
d d d il } il il il
d d h il } il e
imil d d il wh il
il il il l imil il d
il
7KH SUHSDUDWLRQ RI QDQFLDO VWDWHPHQWV UHTXLUHV WKH

PDQDJHPHQW WR PDNH HVWLPDWHV DQG DVVXPSWLRQV
FRQVLGHUHGLQWKHUHSRUWHGDPRXQWRIDVVHWVDQGOLDELOLWLHV
LQFOXGLQJ FRQWLQJHQW OLDELOLWLHV DV RI WKH GDWH RI QDQFLDO
VWDWHPHQWV DQG UHSRUWHG LQFRPH DQG H[SHQVHV IRU WKH
SHULRG XQGHU UHSRUW 0DQDJHPHQW LV RI WKH YLHZ WKDW WKH
HVWLPDWHV XVHG LQ WKH SUHSDUDWLRQ RI QDQFLDO VWDWHPHQWV
DUHSUXGHQWDQGUHDVRQDEOH
h il ~il wil fn ~ il

wdil fdnil
5HYHQXH DQG FRVWV DUH DFFRXQWHG IRU RQ DFFUXDO EDVLV
H[FHSWDVVWDWHGLQSDUDEHORZ
7KH DFFRXQWLQJ SROLFLHV ZLWK UHJDUG WR 5HYHQXH
5HFRJQLWLRQ ,QYHVWPHQWV DQG$GYDQFHV DUH LQ FRQIRUPLW\
ZLWK WKH SUXGHQWLDO DFFRXQWLQJ QRUPV LVVXHG E\ 5HVHUYH
%DQNRI,QGLDIURPWLPHWRWLPH
w d d n
w il il n il
d
2.
ACCOUNTING CONVENTIONS:
2.
FOREIGN EXCHANGE TRANSACTIONS:
il le
il h il il d d
ilililil d d il
le il d
il d fil
iln il
7KH IRUHLJQ FXUUHQF\ WUDQVDFWLRQV DUH WUDQVODWHG DW WKH

ZHHNO\ DYHUDJH FORVLQJ UDWHV IRU WKH SUHFHGLQJ ZHHN DV
SXEOLVKHG E\ )RUHLJQ ([FKDQJH 'HDOHUV
$VVRFLDWLRQ RI
,QGLD)('$,5HYDOXDWLRQRIIRUHLJQFXUUHQF\DVVHWVDQG
OLDELOLWLHV DV RQ %DODQFH 6KHHW GDWH LV GRQH DW WKH FORVLQJ
H[FKDQJH UDWH SXEOLVKHG E\ )('$, DQG WKH UHVXOWDQW
SURWORVVLVDFFRXQWHGIRULQWKH3URW /RVV$FFRXQW
ilild hh d

il il le f ile
e fil } im il
fil il w il
le il ildn
2XWVWDQGLQJ )RUZDUG ([FKDQJH &RQWUDFWV DUH VWDWHG DW

FRQWUDFWHG UDWHV DQG UHYDOXHG DV RQ %DODQFH 6KHHW GDWH
DW WKH H[FKDQJH UDWHV SXEOLVKHG E\ )('$, IRU VSHFLHG
PDWXULWLHV 7KH UHVXOWLQJ SURWORVV LV UHFRJQL]HG LQ WKH
3URW /RVV $FFRXQW LQ DFFRUGDQFH ZLWK 5%, )('$,
*XLGHOLQHV
w } n dilild

il le il ile e d

&RQWLQJHQW /LDELOLWLHV RQ DFFRXQW RI *XDUDQWHHV DQG

/HWWHUV RI &UHGLW LVVXHG LQ IRUHLJQ FXUUHQF\ DUH VWDWHG
LQ WKH %DODQFH 6KHHW DW WKH FORVLQJ H[FKDQJH UDWHV
SXEOLVKHGE\)('$,
3.
3.
INVESTMENTS:
w il il il d il il h

il
$V SHU 5HVHUYH %DQN RI ,QGLD JXLGHOLQHV WKH LQYHVWPHQWV DUH
FODVVLHGDQGYDOXHGDVXQGHU
il ililhh
,QYHVWPHQWVDUHFODVVLHGLQWKHIROORZLQJFDWHJRULHV
il imil
D
+HOGWRPDWXULW\
n kl ilhf
E
$YDLODEOHIRUVDOH
F
+HOGIRUWUDGLQJ
ilh
$OO WKH VHFXULWLHV DUH IXUWKHU FODVVLHG LQ WKH IROORZLQJ VL[
FODVVLFDWLRQV
il~ ilil e

il il
D
*RYHUQPHQW6HFXULWLHV
n dd
E
2WKHUDSSURYHGVHFXULWLHV
72

F
6KDUHV

G
'HEHQWXUHVDQGERQGV
H
6XEVLGLDULHVDQG-RLQW9HQWXUHV
I
2WKHUV &RPPHUFLDO 3DSHUV 0XWXDO )XQG 8QLWV

5XUDO,QIUDVWUXFWXUH'HYHORSPHQW)XQGVHWF
ilil lf
dwildl}ddehle
il d il il il il d fil
il il il il d hil
il d hil d il il
w d il
wh dile ililw
dilw
%DQNGHFLGHVWKHFDWHJRU\RIHDFKLQYHVWPHQWDWWKHWLPH
RIDFTXLVLWLRQDQGFODVVLHVWKHVDPHDFFRUGLQJO\6KLIWLQJ
RIVHFXULWLHVIURPRQHFDWHJRU\WRDQRWKHULVGRQHRQFHLQ
D\HDUZLWKWKHDSSURYDORI%RDUGRI'LUHFWRUVDWWKHOHDVW
RIDFTXLVLWLRQFRVWERRNYDOXHPDUNHWYDOXHRQWKHGDWH
RI VKLIWLQJ 7KH GHSUHFLDWLRQ LI DQ\ RQ VXFK VKLIWLQJ LV
SURYLGHGIRUDQGWKHERRNYDOXHRIWKHVHFXULW\LVFKDQJHG
DFFRUGLQJO\
3.4 /
3.4 REPO / Reverse REPO

il il} d il nil il h

w il}hilnilklil d
d il n il
ililf f il
il d e il il d w n
d il d n e il
il 2012-13 /
/ : .d
wil ildwndil nil

3.5 :
3.5 Valuation of investments:
.
L
7KH%DQNKDVDGRSWHGWKH8QLIRUP$FFRXQWLQJ3URFHGXUH
SUHVFULEHG E\ WKH 5%, IRU DFFRXQWLQJ RI PDUNHW 5HSR DQG
5HYHUVH 5HSR WUDQVDFWLRQV 5HSR DQG 5HYHUVH 5HSR
7UDQVDFWLRQV DUH WUHDWHG DV &ROODWHUDOL]HG %RUURZLQJ
/HQGLQJ 2SHUDWLRQV ZLWK DQ DJUHHPHQW WR UHSXUFKDVH
RQ WKH DJUHHG WHUPV 6HFXULWLHV VROG XQGHU 5HSR DUH
FRQWLQXHG WR EH VKRZQ XQGHU LQYHVWPHQW DQG 6HFXULWLHV
SXUFKDVHG XQGHU 5HYHUVH 5HSR DUH QRW LQFOXGHG LQ
,QYHVWPHQW 2XWVWDQGLQJ REPO / Reverse REPO is
disclosed as borrowing / lending respectively from
FY 2012-13. &RVWV DQG UHYHQXHV DUH DFFRXQWHG IRU DV
LQWHUHVWH[SHQGLWXUHLQFRPHDVWKHFDVHPD\EH
a.
Held to Maturity:
L
im il il il

w il dil dil
il im il d il
w
6HFXULWLHV XQGHU WKH FDWHJRU\

+HOG WR 0DWXULW\

DUH YDOXHG DW FRVW :KHUHYHU WKH FRVW LV KLJKHU
WKDQ WKH IDFH YDOXH WKH SUHPLXP LV DPRUWL]HG
RYHUWKHUHPDLQLQJSHULRGRIPDWXULW\
LL ,Q FDVH RI RWKHU LQYHVWPHQWV XQGHU +HOG WR

0DWXULW\ FDWHJRU\ ZKHUH WKH FRVW SULFH LV OHVV
WKDQ WKH IDFH YDOXH WKH GLIIHUHQFH LV LJQRUHG
,Q FDVH RI LQYHVWPHQWV LQ VXEVLGLDULHV DQG
MRLQW YHQWXUHV SHUPDQHQW GLPLQXWLRQ LQ YDOXH
LV UHFRJQL]HG DQG SURYLGHG IRU ,QYHVWPHQW LQ
55%VLVYDOXHGDWFDUU\LQJFRVW
LL im il il d d il

w dil il d
il il d l
f il } il
dfililil
ililnil
LLL 2Q VDOH RI LQYHVWPHQWV LQ WKLV FDWHJRU\ D

WKH QHW SURW LV LQLWLDOO\ WDNHQ WR SURW DQG ORVV
DFFRXQW DQG WKHUHDIWHU QHW RI DSSOLFDEOH WD[HV
DQG VWDWXWRU\ UHVHUYH LV DSSURSULDWHG WR WKH
&DSLWDO5HVHUYHDFFRXQWDQGEWKHQHWORVVLV
FKDUJHGWRWKHSURWDQGORVVDFFRXQW
LLL e il kl il il

n n il d fil
il il il w
il d n il
n il
. :
b.
Available for Sale:
7KH LQGLYLGXDO VHFXULWLHV XQGHU WKLV FDWHJRU\ DUH

PDUNHG WR PDUNHW &HQWUDO *RYHUQPHQW VHFXULWLHV
DUHYDOXHGDWPDUNHWUDWHVGHFODUHGE\)L[HG,QFRPH
0RQH\ 0DUNHW DQG 'HULYDWLYHV $VVRFLDWLRQ RI ,QGLD
>),00'$@ 6WDWH *RYHUQPHQW VHFXULWLHV RWKHU
DSSURYHG VHFXULWLHV 'HEHQWXUHV DQG %RQGV DUH
YDOXHG DV SHU WKH \LHOG FXUYH DYHUDJH FUHGLW VSUHDG
UDWLQJ DQG PHWKRGRORJ\ VXJJHVWHG E\ ),00'$
4XRWHG6KDUHVDUHYDOXHGDWPDUNHWUDWHV8QTXRWHG
e ildlil ilwil

dil il il il il il
d w h l
w il w il il d
dh illd
kl d l e e
il il} ilh h il w il
il} ilh h il f
73
il d il
f h il ìl
il
nw d wil il n

il d l n il w
n d d fil f il
dekl il
kl f il f il d fl il il

d
L
VKDUHV DUH YDOXHG DW ERRN YDOXH DVFHUWDLQHG IURP

WKH ODWHVW DYDLODEOH %DODQFH 6KHHW DQG LQ FDVH WKH
ODWHVW %DODQFH 6KHHW LV QRW DYDLODEOH WKH VDPH LV
YDOXHGDW`SHUFRPSDQ\
7UHDVXU\ ELOOV DQG FRPPHUFLDO SDSHUV DUH YDOXHG DW

FDUU\LQJFRVW0XWXDO)XQG,QVWUXPHQWVDUHYDOXHGDW
PDUNHWUDWHRUUHSXUFKDVHSULFHRUQHWDVVHWYDOXHLQ
WKDWRUGHUGHSHQGLQJRQWKHLUDYDLODELOLW\
%DVHG RQ WKH DERYH YDOXDWLRQ XQGHU HDFK RI VL[VXE

FODVVLFDWLRQVXQGHUC$YDLODEOHIRU6DOH

L
dil il d e

LL ,I LW UHVXOWV LQ GHSUHFLDWLRQ WKH VDPH LV FKDUJHG

WR 3URW /RVV DFFRXQW DQG FUHGLWHG WR
3URYLVLRQ IRU 'HSUHFLDWLRQ RQ ,QYHVWPHQW $)6
XQGHU WKH KHDG 3URYLVLRQ &RQWLQJHQFLHV
XQGHUOLDELOLW\
LL dil f n il
il d il d d
dililh il d il h
hhlhil wil
LLL 7KH ERRN YDOXH RI VHFXULWLHV LV QRW FKDQJHG

DIWHU UHYDOXDWLRQ H[FHSW DV UHTXLUHG E\ WKH 5%,
JXLGHOLQHV
LLL w il il il d dil

il ~il il il
d
LY 3URW RU /RVV RQ VDOH RI LQYHVWPHQW LQ WKLV

FDWHJRU\ LV DFFRXQWHG IRU LQ WKH 3URW DQG ORVV
DFFRXQW
LY e il kl hdil

n
.
c.
- :
L
,ILWUHVXOWVLQDSSUHFLDWLRQWKHVDPHLVLJQRUHG
Held for Trading :

L
e il d lil il

il eil w d
l il il d il d
il e il d il il il
ile il n
il d il d
hhl} il w il
d ile
w il il il d il e
dd il ~il il il

7KH LQGLYLGXDO VFULSV XQGHU WKLV FDWHJRU\

DUH KHOG DW RULJLQDO FRVW 7KH VDPH LV YDOXHG
DW PRQWKO\ LQWHUYDOV DW PDUNHW UDWHV RU DV SHU
WKH SULFHV GHFODUHG E\ ),00'$ DQG LQ UHVSHFW
RI HDFK FODVVLFDWLRQ XQGHU WKLV FDWHJRU\
QHW GHSUHFLDWLRQ LI DQ\ LV FKDUJHG WR SURW
DQG ORVV DFFRXQW DQG FUHGLWHG WR 3URYLVLRQ
RQ 'HSUHFLDWLRQ RQ ,QYHVWPHQW +)7 XQGHU
OLDELOLW\ 1HW DSSUHFLDWLRQ LI DQ\ LV LJQRUHG 7KH
ERRN YDOXH RI WKH VHFXULWLHV LV QRW FKDQJHG
DIWHU UHYDOXDWLRQ H[FHSW DV UHTXLUHG E\ WKH 5%,
JXLGHOLQHV
LL 3URW RU ORVV RQ VDOH RI LQYHVWPHQW LQ WKLV

FDWHJRU\ LV DFFRXQWHG IRU LQ WKH 3URW DQG /RVV
DFFRXQW
LL e il kl h il

n nil
G
7KH QRQSHUIRUPLQJ LQYHVWPHQWV DUH LGHQWLHG

DQG GHSUHFLDWLRQ SURYLVLRQ LV PDGH DV SHU 5%,
JXLGHOLQHV
il dw il f w l

e eim}d il ~il w e d
il il
H
&RVWV VXFK DV EURNHUDJH IHHV HWF LQFXUUHG DW

WKH WLPH RI DFTXLVLWLRQ RI VHFXULWLHV H[FHSW HTXLW\
SUHIHUHQFH VKDUHV ZKHUH LW LV WUHDWHG DV FRVW RI
DFTXLVLWLRQDUHUHFRJQL]HGDVH[SHQVHV
~
f.
Interest Rate Swaps:
dwil il d il d w

ilil ildil
w
L
il
L
9DOXDWLRQ
il wwddd ilhw
il w dil il

D +HGJLQJ 6ZDSV ,QWHUHVW 5DWH 6ZDSV

IRU KHGJLQJ DVVHWV DQG OLDELOLWLHV DUH QRW
PDUNHGWRPDUNHW
n klklklklf w
il wdilil
E 7UDGLQJ 6ZDSV ,QWHUHVW 5DWH 6ZDS IRU

WUDGLQJSXUSRVHLVPDUNHGWRPDUNHW
74
LL } dilnil
LL $FFRXQWLQJRILQFRPHRQGHULYDWLYHGHDOV
D +HGJLQJ 6ZDSV ,QFRPH LV DFFRXQWHG
IRU RQ UHDOL]DWLRQ EDVLV ([SHQGLWXUH LI
DQ\ LV DFFRXQWHG IRU RQ DFFUXDO EDVLV LI
DVFHUWDLQDEOH
il w d il nil il d

il ile n d fil
il w il fil n } il il
il fdil
E 7UDGLQJ 6ZDSV ,QFRPH RU H[SHQGLWXUH

LV DFFRXQWHG IRU RQ UHDOL]DWLRQ EDVLV RQ
VHWWOHPHQWGDWH
n klkldn il ild

} ililil nil
LLL $FFRXQWLQJ RI JDLQ RU ORVV RQ WHUPLQDWLRQ RI

VZDSV
LLL diln
il w h il
il il il il d
nd il d w il il
dilhilil
D +HGJLQJ 6ZDSV $Q\ JDLQ RU ORVV RQ WKH

WHUPLQDWHG VZDS LV UHFRJQL]HG RYHU WKH
VKRUWHU RI D WKH UHPDLQLQJ FRQWUDFWXDO OLIH
RI WKH VZDS RU E WKH UHPDLQLQJ OLIH RI WKH
DVVHWOLDELOLW\
n klkl il
il il il

4.
E 7UDGLQJ 6ZDSV $Q\ JDLQ RU ORVV RQ

WHUPLQDWHG VZDS LV UHFRJQL]HG DV LQFRPH
RUH[SHQVHVLQWKH\HDURIWHUPLQDWLRQ
4.
$GYDQFHV VKRZQ DUH QHW RI ZULWH RIIV SURYLVLRQV PDGH
IRU QRQSHUIRUPLQJ DVVHWV FODLPV VHWWOHG ZLWK WKH FUHGLW
JXDUDQWHHLQVWLWXWLRQVDQGUHGLVFRXQWV
d d il il w il

}il ildil
&ODVVLFDWLRQ RI DGYDQFHV DQG SURYLVLRQV DUH PDGH LQ

DFFRUGDQFH ZLWK WKH SUXGHQWLDO QRUPV SUHVFULEHG E\ 5%,
IURPWLPHWRWLPH
dwild ilhil dd il

3URYLVLRQ IRU SHUIRUPLQJ DVVHWV LV VKRZQ XQGHU WKH KHDG
2WKHUOLDELOLWLHVDQGSURYLVLRQV
n il d il f

dilhw ilil ild
d il
,Q UHVSHFW RI 5HVFKHGXOHG 5HVWUXFWXUHG DFFRXQWV

SURYLVLRQ IRU GLPLQXWLRQ LQ IDLU YDOXH RI UHVWUXFWXUHG
DGYDQFHV LV PDGH LQ SUHVHQW YDOXH EDVLV DV SHU 5%,
JXLGHOLQHV
il il hdil

il hil kl il kl il
e e il il d n
kl dil dil
ilil e d il kl
}il filwh
5.
ADVANCES:
h h d }} n dwil d ilh h

} }h h d w }

,Q FDVH RI QDQFLDO DVVHWV VROG WR $VVHWV 5HFRQVWUXFWLRQ
&RPSDQ\ $5& 6HFXULWL]DWLRQ FRPSDQ\ 6& LI WKH VDOH
LV DW SULFH ORZHU WKDQ WKH QHW ERRN YDOXH WKH VKRUW IDOO
LV GHELWHG WR SURW DQG ORVV DFFRXQW ,I WKH VDOH YDOXH LV
KLJKHU WKDQ WKH QHW ERRN YDOXH WKH VXUSOXV SURYLVLRQ LV
QRWUHYHUVHGEXWZLOOEHXWLOL]HGWRPHHWWKHGHFLWORVVRQ
DFFRXQWRIVDOHRIRWKHUQDQFLDODVVHWV
5.
FIXED ASSETS AND DEPRECIATION:

3UHPLVHV DQG 2WKHU )L[HG $VVHWV DUH DFFRXQWHG IRU DW
FRVWH[FHSWIRUFHUWDLQSUHPLVHVZKLFKZHUHUHYDOXHGDQG
VWDWHGDWUHYDOXHGDPRXQW
il wil il w il

il ~ild h dd
il nil
il il il ~il d
~ il ~il il
il dil d ;,9 d
wil e il il dil
ildfil
'HSUHFLDWLRQ RQ [HG DVVHWV RWKHU WKDQ WKRVH UHIHUUHG LQ
SDUDEHORZLVSURYLGHGIRURQWKHGLPLQLVKLQJ
EDODQFH PHWKRG DW WKH UDWHV VSHFLHG LQ 6FKHGXOH ;,9
WR WKH &RPSDQLHV $FW H[FHSW LQ FDVH RI UHYDOXHG
DVVHWVLQUHVSHFWRIZKLFKKLJKHUGHSUHFLDWLRQLVSURYLGHG
RQ WKH EDVLV RI HVWLPDWHG XVHIXO OLIH RI WKHVH UHYDOXHG
DVVHWV
il} n il il

il w il il il d d il
wh il} m}d
h}hdh
2Q FRPSXWHUV GHSUHFLDWLRQ LV SURYLGHG DW WKH UDWH RI
RQ 6WUDLJKW /LQH 0HWKRG VR DV WR ZULWH GRZQ
WKH DVVHW YDOXH LQ WKUHH \HDUV WR 5XSHH 2QH DV SHU 5%,
JXLGHOLQHV &RPSXWHUV LQFOXGH VRIWZDUHV $70V DQG 836
DOVR
5.4 ` il il d il

n il il il w il

2Q )L[HG $VVHWV KDYLQJ RULJLQDO FRVW EHORZ `

GHSUHFLDWLRQ LV SURYLGHG IRU DW DSSOLFDEOH UDWHV LQVWHDG RI
SURYLGLQJGHSUHFLDWLRQLQWKH\HDURISXUFKDVH
75

iln e d ilhil

il}e e e ilil
ile il
'HSUHFLDWLRQ LV SURYLGHG IRU IXOO \HDU LQ UHVSHFW RI DVVHWV
SXUFKDVHGGXULQJWKH\HDU1RGHSUHFLDWLRQLVSURYLGHGRQ
DVVHWVVROGGLVFDUGHGGXULQJWKH\HDU
d il dil il

il fn ilh d d il
d il d e
ilwil
il d ilil eil
dildil
'HSUHFLDWLRQ UHODWLQJ WR UHYDOXHG DPRXQW RYHU DQG

DERYH WKH FRVW RI WKH UHYDOXHG DVVHWV LV SURYLGHG RQ
GLPLQLVKLQJ EDODQFH PHWKRG RYHU WKH UHVLGXDO OLIH RI WKH
[HG DVVHWV DV VWDWHG LQ SDUD DQG DGMXVWHG DJDLQVW
WKH 5HYDOXDWLRQ 5HVHUYH 5HYDOXDWLRQ UHVHUYH RQ IXOO\
GHSUHFLDWHG SURSHUWLHV LV DPRUWL]HG RQ WKH EDVLV RI WKHLU
UHVLGXDOOLIHDVFHUWLHGE\DSSURYHGYDOXHUV
}} il}}d nhhh

il
/HDVHKROG ODQG FRVW LV DPRUWL]HG RYHU WKH SHULRG RI OHDVH
RQ6WUDLJKW/LQH0HWKRG6/0
6.
mbxz
$OOUHYHQXHVDQGFRVWVDUHDFFRXQWHGIRURQDFFUXDOEDVLV
H[FHSW WKH IROORZLQJ LWHPV ZKLFK DUH DFFRXQWHG IRU RQ
FDVKEDVLV
il il ~ilw il dnilw

dil fdnil
il w il w ilh h il
il d dwil d il d d
h w
D
,QWHUHVW RQ $GYDQFHV DQG ,QYHVWPHQWV LGHQWLHG DV

1RQ3HUIRUPLQJ $VVHWV DFFRUGLQJ WR WKH SUXGHQWLDO
QRUPVLVVXHGE\5%,IURPWLPHWRWLPH
n il d } n il il il

ildlililild
E
,QFRPH IURP FRPPLVVLRQ YL] RQ *XDUDQWHHV /HWWHU

RI &UHGLW *RYHUQPHQW EXVLQHVV %DQFDVVXDUDQFH
0XWXDO)XQGEXVLQHVVDQG/RFNHU5HQW
n hw ddilhw
F
,QWHUHVW IRU RYHUGXH SHULRG RQ ELOOV SXUFKDVHG DQG

ELOOVGLVFRXQWHG
G
,QVXUDQFHFODLPV
H
5HPXQHUDWLRQRQ'HEHQWXUH7UXVWHH%XVLQHVV
~ klil
I
/RDQ3URFHVVLQJ)HHV
w
il il d
J
e}}ilil }} d

ilil
,QFRPH IURP 0HUFKDQW %DQNLQJ 2SHUDWLRQV DQG

8QGHUZULWLQJ&RPPLVVLRQ
K
7UDQVDFWLRQ SURFHVVLQJ IHHV UHFHLYHG RQ XWLOLW\ ELOO

SD\VHUYLFHVWKURXJKLQWHUQHWEDQNLQJ
il
w il il il d d w

w il w il il il il
ilil fdil il
ililil

REVENUE RECOGNITION
3XUVXDQW WR 5%, JXLGHOLQHV WKH LQWHUHVW SD\DEOH RQ

RYHUGXH WHUP GHSRVLW LV SURYLGHG RQ DFFUXDO EDVLV DW
6DYLQJ%DQNUDWHHIIHFWLYHIURPGDWHRI5%,FLUFXODUGDWHG
DQGWKHEDODQFHDWWKHWLPHRIUHQHZDO
gj b
d w d d wd il d d
ilhhdilhw dil n il
d w dwd ilil d
il il f il d il
deile wildilililil
il ililildil n
8.
il d d il ile il

nililnild il ild
nil dehde d il
w il w w h n w ilw

xbgjgj{bbgjgjb{
nil il il dilil d

dilildildil ilil il
wil }ililfil fd
il il } il dil l il
76
7.
EMPLOYEES BENEFITS:
'HQHG &RQWULEXWLRQ 3ODQ 7KH FRQWULEXWLRQ SDLG SD\DEOH

XQGHU GHQHG FRQWULEXWLRQ EHQHW VFKHPHV DUH FKDUJHG WR
SURWDQGORVVDFFRXQW
'HQHG%HQHW3ODQV%DQNVOLDELOLWLHVWRZDUGVGHQHGEHQHW
VFKHPHV DUH GHWHUPLQHG RQ WKH EDVLV RI DQ DFWXDULDO YDOXDWLRQ
PDGH DW WKH HQG RI QDQFLDO \HDU $FWXDULDO JDLQV DQG ORVVHV
DUHUHFRJQL]HGLQWKH3URWDQG/RVVDFFRXQW
8.
IMPAIRMENT OF ASSETS:
,PSDLUPHQW ORVVHV LI DQ\ RQ [HG DVVHWV LQFOXGLQJ 5HYDOXHG

$VVHWV DUH UHFRJQL]HG LQ DFFRUGDQFH ZLWK $FFRXQWLQJ
6WDQGDUG ,PSDLUPHQW RI $VVHWV LVVXHG E\ WKH ,QVWLWXWH RI
&KDUWHUHG $FFRXQWDQWV RI ,QGLD ,&$, DQG FKDUJHG WR SURW
DQGORVVDFFRXQW
9.
PROVISIONS
CONTINGENT
CONTINGENT ASSETS:
$V SHU WKH $FFRXQWLQJ 6WDQGDUG 3URYLVLRQV &RQWLQJHQW

/LDELOLWLHV DQG &RQWLQJHQW $VVHWV LVVXHG E\ ,&$, WKH %DQN
UHFRJQL]HV SURYLVLRQV RQO\ ZKHQ LW KDV D SUHVHQW REOLJDWLRQ
DV D UHVXOW RI D SDVW HYHQW LW LV SUREDEOH WKDW DQ RXWRZ RI
LIABILITIES
AND
UHVRXUFHV HPERG\LQJ HFRQRPLF EHQHWV ZLOO EH UHTXLUHG

WR VHWWOH WKH REOLJDWLRQ DQG ZKHQ D UHOLDEOH HVWLPDWH RI WKH
DPRXQWRIWKHREOLJDWLRQFDQEHPDGH
il dil w il il il d

wil
dilil d il il imil

eililh dil il w il e
&RQWLQJHQW DVVHWV DUH QRW UHFRJQL]HG LQ WKH QDQFLDO

VWDWHPHQWV VLQFH WKLV PD\ UHVXOW LQ WKH UHFRJQLWLRQ RI WKH
LQFRPHWKDWPD\QHYHUEHUHDOL]HG
xf bgjgj{f
10. NET PROFIT, PROVISIONS AND CONTINGENCIES:
dilild il f w il

il w d il }} n il il h
d il d il d il h
dililh d
7KH 1HW 3URW GLVFORVHG LV DIWHU PDNLQJ WKH 3URYLVLRQV

DQG &RQWLQJHQFLHV ZKLFK LQFOXGH DGMXVWPHQW WR WKH YDOXH
RI LQYHVWPHQWV ZULWH RII RI EDG GHEWV SURYLVLRQ IRU WD[DWLRQ
LQFOXGLQJ GHIHUUHG WD[ SURYLVLRQ IRU DGYDQFHV DQG
FRQWLQJHQFLHVRWKHUV
11. :
11. INCOME TAX:
ilil il dilildd

ililh nililnil
il il d il d n d il d
d il il il d d il d h d
il il e d il d d d w
il il w il d d n
dil
dilillwdf wil

dil
7KH SURYLVLRQ IRU WD[ IRU WKH \HDU FRPSULVHV OLDELOLW\ WRZDUGV
&XUUHQW ,QFRPH 7D[ :HDOWK 7D[ DQG 'HIHUUHG 7D[ 7KH
GHIHUUHG WD[ DVVHW OLDELOLW\ LV UHFRJQL]HG VXEMHFW WR WKH
FRQVLGHUDWLRQ RI SUXGHQFH WDNLQJ LQWR DFFRXQW WKH WLPLQJ
GLIIHUHQFHV EHWZHHQ WKH WD[DEOH LQFRPH DQG DFFRXQWLQJ
LQFRPH LQ WHUPV RI WKH $FFRXQWLQJ 6WDQGDUG LVVXHG E\
,&$, 7KH HIIHFW RI FKDQJH LQ WD[ UDWHV RQ GHIHUUHG WD[ DVVHWV
DQGOLDELOLWLHVLVUHFRJQL]HGLQWKHSURWDQGORVVDFFRXQWLQWKH
SHULRGRIDSSOLFDELOLW\RIWKHFKDQJH
,QWHUHVWLQFRPHRQUHIXQGRI,QFRPH7D[LVDFFRXQWHGIRULQWKH
\HDUWKHRUGHULVSDVVHGE\WKHFRQFHUQHGDXWKRULW\
7KHGHPDQGUDLVHGE\WKH,QFRPH7D[DXWKRULWLHVLQFOXGLQJWKH
LQWHUHVW WKHUHRQ LV SURYLGHG IRU ZKHQ WKH GHPDQG LV XSKHOG LQ
WKHVHFRQGDSSHDOLHE\,7$7
dil il fe e w ww f

f f il d f d il d
de}h}
{bm
12. EARNINGS PER SHARE
eim} d dw il } nil

dehde w n il hh dw
il d il e dw d il eim}
il d n il il il e
dilileim} dd
eim} il n il f il eim} dw il
il e
77
%DVLF DQG 'LOXWHG HDUQLQJV SHU HTXLW\ VKDUH DUH UHSRUWHG LQ
DFFRUGDQFH ZLWK WKH $FFRXQWLQJ 6WDQGDUG $6 (DUQLQJV
3HU6KDUHLVVXHGE\,&$,%DVLF(DUQLQJVSHUVKDUHLVDUULYHG
E\ GLYLGLQJ QHW SURW E\ WKH ZHLJKWHG DYHUDJH QXPEHU RI
HTXLW\ VKDUHV RXWVWDQGLQJ IRU WKH SHULRG 7KH GLOXWHG HDUQLQJV
SHU HTXLW\ VKDUH DUH FRPSXWHG XVLQJ WKH ZHLJKWHG DYHUDJH
QXPEHU RI HTXLW\ VKDUHV DQG GLOXWLYH SRWHQWLDO HTXLW\ VKDUHV
RXWVWDQGLQJGXULQJWKHSHULRG

2012-13

Bank of Maharashtra
2012-13
18:
SCHEDULE 18: NOTES ON ACCOUNTS
}il}il hhdil ~ il
1RWH)LJXUHVLQEUDFNHWUHODWHWRSUHYLRXV\HDU
1.
31.03.2013
L wnil w
ild
,
,,
LL wnil
w ild,w
,
,,
LLL wnil
w ild,,w
,
,,
LY ilil il
9 dedewilgeilìl
9, d},,wilgeilìl
9,, },,w ilg e il
ìl
il

v
} ,1($

,,hd;
(`)
(`)
(`)

(`)
(`)
(`)

ODNK

bcfbcf br m v

} ,1($

,,hd9,h
ODNK

} ,1($

,,hd9,
ODNK

LL
&5$57LHU,&DSLWDO
%DVHO,

%DVHO,,

%DVHO,

%DVHO,,

$PRXQWUDLVHGE\LVVXHRI,3',
`LQ&URUH
7KH %DQN KDV UDLVHG HTXLW\ FDSLWDO RI ` 406.00 FURUH LQFOXGLQJ VKDUH
SUHPLXP WKURXJK SUHIHUHQWLDO DOORWPHQW EDVLV WR *RYHUQPHQW RI ,QGLD GXULQJ
WKH\HDU
Particulars
*RYHUQPHQWRI
,QGLD

Date of
Allotment
No. of
Shares
issued

Equity
Share
share premium
capital
(`)
(`)

Total
(`)

7KH %DQN KDV UDLVHG 7LHU ,, FDSLWDO RI ` FURUH GXULQJ WKH \HDU WR
DXJPHQW7LHU,,FDSLWDO
` LQ&URUH
Bond
ISIN
/RZHU
7LHU,,6U;
gj

` LQ&URUH
{

%DVHO,,
YLL $PRXQWUDLVHGE\LVVXHRI2UGLQDU\

7LHU,,LQVWUXPHQW` LQ&URUH
ìl
v
%DVHO,
YL $PRXQWUDLVHGE\LVVXHRI8SSHU

7LHU,,LQVWUXPHQW`LQ&URUH
il n},, imh

ij
.
Y

bcfbcf br m v

&5$5
LY 3HUFHQWDJHRIWKHVKDUHKROGLQJRI

WKH*RYHUQPHQWRI,QGLD

31.03.2012
L
LLL &5$57LHU,,&DSLWDO
il},,w il il ìl il },,w

f e
ìl
31.03.2013
31.03.2012

As on
Items
il ililil dd}dil `

il il ei m} w f e
ìl
Capital:
Date of
Allotment
,1($
No. of
Bond
issued
Per
Bond
(`)
Total
(`)

ODNK

)ROORZLQJ7LHU,,ERQGVZHUHPDWXUHGGXULQJWKH\HDU
` LQ&URUH
Sr.
No.
78
ISIN
Date of
Maturity
No. of
Bond
matured
Per
Bond
(`)
Total
(`)
1. /RZHU
7LHU,,6U9,$
,1($

ODNK

/RZHU
7LHU,,6U9,%
,1($

ODNK

Bond
2.
il il kl im il

kl f

d

il il d w
ilil ild ililil
2.
Investments:
7KH %DQN KDV FODVVLHG WKH LQYHVWPHQW SRUWIROLR LQWR WKUHH FDWHJRULHV
LH +HOG WR 0DWXULW\ $YDLODEOH IRU 6DOH DQG +HOG IRU 7UDGLQJ DQG
YDOXHG WKH LQYHVWPHQWV LQ WHUPV RI WKH 5HVHUYH %DQN RI ,QGLD 5%,
JXLGHOLQHV
7KH 7RWDO ,QYHVWPHQWV RI %DQN DV XQGHU DUH DOO LQ ,QGLD DQG QR
,QYHVWPHQWVDUHRXWVLGH,QGLD
ilililil
ìl
31.03.2013 31.03.2012
(1)
L
ilil

LL
LLL il

{ x{x gj
L il
LL wh ililhh

LLL }eh ilnil

ilhhdil
LY }} n l

`LQ&URUH
Items
(1)
Value of Investments

L *URVV9DOXHRI,QYHVWPHQWV

LL 3URYLVLRQVIRU'HSUHFLDWLRQ

LLL 1HW9DOXHRI,QYHVWPHQWV
(2)
Movement of provisions held

towards depreciation on investments
31.03.2013
31.03.2012

1LO

1LO
1LO

L 2SHQLQJEDODQFH

LL $GG3URYLVLRQVPDGHGXULQJWKH\HDU

LLL /HVV:ULWHEDFNRIH[FHVV
SURYLVLRQVGXULQJWKH\HDU

LY 3URYLVLRQXVHGIRU:ULWH2II
Y dill

Y 3URYLVLRQXVHGZKLOHVKLIWLQJVHFXULWLHV

1LO
YL d

YL &ORVLQJEDODQFH

2.2 bgj{gjx
2.2
Repo Transactions ,QIDFHYDOXHWHUPV
ìl

gj

b{
bxgj{
gj
`LQ&URUH

2013
Particulars
ild
Minimum Maximum Daily average

As on
outstanding outstandoutstandMarch 31,
during the ing during
ing during
2013
year
the year
the year
6HFXULWLHVVROGXQGHUUHSRV
il

il}

L
*RYHUQPHQW
6HFXULWLHV

LL
&RUSRUDWHGHEW
VHFXULWLHV
ildn

1LO
1LO
1LO
1LO
1LO
1LO

1LO
1LO
1LO
1LO
1LO
1LO
1LO
1LO
6HFXULWLHVSXUFKDVHGXQGHU
UHYHUVHUHSRV
il

il}

L
*RYHUQPHQW
6HFXULWLHV

LL
&RUSRUDWHGHEW
VHFXULWLHV
1LO
1LO
1LO
1LO
2.3 ffb gj
2.3
Non-SLR Investment Portfolio
ffb gjgj{
i)
Issuer composition of Non-SLR Investments
)ROORZLQJ LV WKH GLVFORVXUH DV SHU SUXGHQWLDO JXLGHOLQHV RI 5%, RQ
,QYHVWPHQWV 1HW RI 'HSUHFLDWLRQ LQ 1RQ6/5 6HFXULWLHV DV RI

il hhd

w ilil ildil}
79
`LQFURUH
m r

No.
Issuer
Amount
Extent of Private
Placement
Extent of Below
Investment Grade
Securities
Extent of
Unrated
Securities
Extent of
Unlisted
Securities
(1)
(2)
(3)
(4)
(5)
(6)
(7)
il fkl 368V
L
LL
h ),V
LLL il %DQNV

LY w il 3ULYDWH&RUSRUDWH

Y
illf

73.42

73.42

1$
1$
1$
1$
1$
1$

1$
1$
1$
1$
1$
1$
6094.36
(5413.40)
5886.04
(5180.82)
67.95
(58.78)
3.01
(4.98)
50.21
(86.32)
5886.04
(5180.82)
67.95
(58.78)
3.01
(4.98)
50.21
(86.32)
6XEVLGLDULHV-RLQW9HQWXUHV
YL dddehl

2WKHUVLQFOXGLQJ5,')
dmv
SUB TOTAL

ij
bx{{
{{ gj{ {{ gj{

ilh 3URYLVLRQKHOGWRZDUGV

'HSUHFLDWLRQ
L
hde 13,
YLL LL

1LO
1LO
5HVWUXFWXUHG
LLL
Total

6059.97
(5403.04)
ddehldil
5,')5XUDO,QIUDVWUXFWXUH'HYHORSPHQW)XQG
:
L flYYLwililildill
Note:
L ,QYHVWPHQWV DV LQ Y YL DERYH DUH H[HPSWHG IURP FODVVLFDWLRQ DV
SHU5%,JXLGHOLQHV
LL il } il e d
LL
LLL il ` il ` il il ` il `
ililil ililil d
e il il
LLL 7KH WRWDO LQYHVWPHQW RI ` FURUH ` FURUH LQFOXGHV
RQH *2, 2LO %RQG RI ` FURUH ` FURUH 7KH VDPH KDV EHHQ
LQFOXGHGDV*RYW6HFXULWLHVLQ6FKHGXOHWRWKH%DODQFH6KHHW
LL
ii)
ffbbmgj
$PRXQWVUHSRUWHGXQGHUFROXPQV DUHQRWPXWXDOO\H[FOXVLYH
Non performing Non-SLR investments
ìl
`,Q&URUH

il

il

ilil

d

&ORVLQJEDODQFH

gjffgjx

Total provisions held
0.00
0.00
Particulars
80
31.03.2013
31.03.2012
2SHQLQJEDODQFH

$GGLWLRQVGXULQJWKH\HDU

5HGXFWLRQVGXULQJWKH\HDU

w il il il d

im il

il kl h il ` il ` il il il d
ild ilw dil
$VSHU5%,JXLGHOLQHVDQDPRXQWRI`FURUH` &URUHQHWRI

WD[HV DQG VWDWXWRU\ UHVHUYHV EHLQJ SURW RQ VDOH RI LQYHVWPHQW LQ +HOG
WR0DWXULW\FDWHJRU\LVWUDQVIHUUHGWR&DSLWDO5HVHUYH
'XULQJ WKH \HDU %DQN KDV DGMXVWHG SURYLVLRQ IRU GHSUHFLDWLRQ RQ
LQYHVWPHQW RQ DFFRXQW RI GLPLQXWLRQ LQ YDOXH ZKLOH VKLIWLQJ RI VHFXULWLHV
IURP $YDLODEOH IRU 6DOH FDWHJRU\ WR +HOG WR 0DWXULW\ FDWHJRU\
` FURUH1LO&URUHDQGIURP+HOGIRU7UDGLQJFDWHJRU\WR+HOGWR
0DWXULW\FDWHJRU\` FURUH1LO&URUH
2.5 il il

kl il h f

im il

dil ilil de il ` ilil
d
im il

kl il h f
`
ililil il ilwil
7KH %DQN KDV DPRUWL]HG ` FURUH GXULQJ WKH \HDU ` &URUH
IRU VHFXULWLHV FODVVLHG XQGHU +HOG WR 0DWXULW\ FDWHJRU\ DQG WKH
DPRXQWKDVEHHQFKDUJHGWR3URW /RVVDFFRXQWE\UHGXFLQJYDOXHRI
WKHUHVSHFWLYHVHFXULWLHVWRWKDWH[WHQW
il il

im il
il ` il
` ililildilil f
ililil hilil n il
3. :
3.1 gjm
ìl
L
LL

LLL
LY
Y
il ilil
il ildd
il il e
il il d
fwnhilil
n ilf

31.03.2013

ilnilhhhimw
w}ilil
il ilnhimw
w}ilil
f
dilnhimw
w}ilil
f
dilnhimw
w}ilil}il}
2012-13
2011-12

Forward Rate Agreement / Interest Rate Swap

Items
31.03.2013
31.03.2012

1LO
1LO
1LO
1LO
1LO
1LO

L 7KHQRWLRQDOSULQFLSDORIVZDSDJUHHPHQWV
LL /RVVHVZKLFKZRXOGEHLQFXUUHGLI

FRXQWHUSDUWLHVIDLOHGWRIXOOOWKHLU

REOLJDWLRQVXQGHUWKHDJUHHPHQWV
LLL

LY

Y
il dedhhldh ilhilil

dedh hldh il d ` il il d
il il il wil ilil ` il d
w il d il eil il
fl ddeh ìlilil wilh
ddeh ìlilil klklw il
klkl h}hil ìl~ ìl
3.2 fgkmmvrm

ìl
..
DERIVATIVES:
3.1
`LQ&URUH
31.03.2012

3.
&ROODWHUDOUHTXLUHGE\WKH%DQNXSRQ
HQWHULQJLQWRVZDSV
&RQFHQWUDWLRQRIFUHGLWULVNDULVLQJIURP
WKHVZDSV
7KHIDLUYDOXHRIWKHVZDSERRN
7RUHFHLYH7RSD\
7KH %DQN KDV LQ SODFH SROLF\ JXLGHOLQHV IRU ,56 )5$V7KH DSSURYHG FHLOLQJ
IRU,56)5$VLQWHUPVRIQRWLRQDOSULQFLSDOLV` FURUH$VRQVW0DUFK
WKH %DQN KDG RXWVWDQGLQJ VZDSV IRU QRWLRQDO SULQFLSDO ` FURUH
DQG WKH WHUPV RI 6ZDSV DUH WR UHFHLYH [HG LQWHUHVW DQG SD\ RDWLQJ UDWH RU
YLFHYHUVD2XWRIVZDSV2,6VZDSVIRU1RWLRQDO3ULQFLSDORI` FURUH
ZHUHIRUKHGJLQJDQG2,6VZDSVIRUQRWLRQDOSULQFLSDORI`FURUHZHUH
IRU WUDGLQJ SXUSRVH 070 YDOXDWLRQ IRU RXWVWDQGLQJ WUDGLQJ VZDS LV `
FURUH` FURUH
3.2
Exchange Traded Interest Rate Derivatives

`LQ&URUH
S.N.
Particulars
2012-13
2011-12

1RWLRQDOSULQFLSDODPRXQWRIH[FKDQJH
WUDGHGLQWHUHVWUDWHGHULYDWLYHVXQGHUWDNHQ
GXULQJWKH\HDULQVWUXPHQWZLVH
1,/
1,/

1RWLRQDOSULQFLSDODPRXQWRIH[FKDQJH
WUDGHGLQWHUHVWUDWHGHULYDWLYHVRXWVWDQGLQJ
DVRQVW0DUFKLQVWUXPHQWZLVH
1,/
1,/

1RWLRQDOSULQFLSDODPRXQWRIH[FKDQJHWUDGHG
LQWHUHVWUDWHGHULYDWLYHVRXWVWDQGLQJDQGQRW
KLJKO\HIIHFWLYHLQVWUXPHQWZLVH
1,/
1,/

0DUNWRPDUNHWYDOXHRIH[FKDQJHWUDGHG
LQWHUHVWUDWHGHULYDWLYHVRXWVWDQGLQJDQGQRW
KLJKO\HIIHFWLYHLQVWUXPHQWZLVH
1,/
1,/
3.3 vrmlgjr
) :
ilhilil il }ild
ilw wndwwnil
flil ilhil w
w ilh h wn il d
}ilhf
} il wn il il n hil f
ilil w il il il il il } il il
dil w
il d il dn il il f
n w d il il il il d
wn il il il wil n il
d il~hlLL
w il il d kl il d
il}ildilh
3.3
Disclosures on risk exposure in derivatives
A)
Qualitative Disclosure
L
$V D SDUW RI LQYHVWPHQW SROLF\ GHULYDWLYH SROLF\ LV DSSURYHG E\ WKH
%RDUGZKLFKLQFOXGHVPHDVXUHPHQWRIFUHGLW PDUNHWULVN
LL 3ROLF\IRUKHGJLQJDQGSURFHVVHVIRUPRQLWRULQJWKHVDPHDUHLQSODFH
LLL 7KHKHGJHGWUDQVDFWLRQVDUHXQGHUWDNHQIRU%DODQFH6KHHWPDQDJHPHQW
3URSHUV\VWHPIRUUHSRUWLQJDQGPRQLWRULQJRIULVNVLVLQSODFH
LY 5LVN 0DQDJHPHQW RI GHULYDWLYH RSHUDWLRQV LV KHDGHG E\ D 7RS
0DQDJHPHQW ([HFXWLYH ZKR UHSRUWV WR +HDG 2IFH 7KH VZDSV DUH
WUDFNHGRQUHJXODUEDVLV
Y $FFRXQWLQJ 3ROLF\ IRU UHFRUGLQJ KHGJH DQG QRQ KHGJH WUDQVDFWLRQV LV
LQ SODFH ZKLFK LQFOXGHV UHFRJQLWLRQ RI LQFRPH YDOXDWLRQ RI RXWVWDQGLQJ
FRQWUDFWV DQG FUHGLW ULVN PLWLJDWLRQ DV JLYHQ LQ SDUD ILL RI
6FKHGXOHYL]6LJQLFDQW$FFRXQWLQJ3ROLFLHV
YL 7KH %DQN KDV PDGH UHTXLVLWH SURYLVLRQ RQ FUHGLW H[SRVXUH RI GHULYDWLYH
FRQWUDFWV FRPSXWHG DV SHU FXUUHQW H[SRVXUH PHWKRG DV SHU 5%,
JXLGHOLQHV
81
) :
.
.
L }il
il wilh
n ilh
LL >@w
il d
n h
LLL >@
LY w il
d
il w}
n }
Y il n
dild
w

3.4 vrgjx
.

4.
L
LL

LLL

LY

B)

1LO

Quantitative Disclosures
`LQ&URUH
ìl
m
S.
N.
Particulars
Currency
Derivatives
Interest rate
derivatives
L 'HULYDWLYHV

1RWLRQDO3ULQFLSDO$PRXQW

D )RUKHGJLQJ

E )RUWUDGLQJ

LL 0DUNHGWR0DUNHW3RVLWLRQV>@

D $VVHW
E /LDELOLW\
LLL &UHGLW([SRVXUH>@

1LO

LY /LNHO\LPSDFWRIRQHSHUFHQWDJH

FKDQJHLQLQWHUHVWUDWH 39

D RQKHGJLQJGHULYDWLYHV

E RQWUDGLQJGHULYDWLYHV

0D[
0LQ
Y 0D[LPXPDQG0LQLPXPRI

39REVHUYHGGXULQJWKH\HDU
dil dil

dil dil

w}
}

D RQKHGJLQJ

0D[
0LQ

E RQWUDGLQJ

0D[ 0D[

0LQ 0LQ
3.4

160.04
Sr.
No.
,QWHUHVWUDWHGHULYDWLYH

)RUHLJQH[FKDQJHGHULYDWLYH

*ROGFRQWUDFW
Total
Credit
Exposure
Provision as
applicable
to standard
advances as
on 31.03.2013

1LO
1LO
160.04
0.64
31.03.2013
31.03.2012

ASSET QUALITY
4.1 Non-Performing Assets
ìl
31.03.2013

Particulars

4.
4.1 bmgjb{
Standard provision on derivative exposure:

`LQ&URUH
ìl
31.03.2013

x

0.64
d dwild
dwildil
il il
n il
ilil
d
ildwild il
il il
w ewdew}n
ilil
n il
ilil
ild
}ewdew}n
d
dwild il il
ild il ildl
il il
n ililhh
}} n
d

`,Q&URUH
31.03.2012

Particulars
L 1HW13$VWR1HW$GYDQFHV
LL 0RYHPHQWRI13$V*URVV

D 2SHQLQJEDODQFH

E $GGLWLRQVGXULQJWKH\HDU

F 5HGXFWLRQVGXULQJWKH\HDU

G &ORVLQJEDODQFH

LLL 0RYHPHQWRI1HW13$V
D 2SHQLQJEDODQFH
$GG(&*&',&*&6HWWOHGDPRXQW

*URVV2SHQLQJ%DODQFH

E $GGLWLRQVGXULQJWKH\HDU

F 5HGXFWLRQVGXULQJWKH\HDU

G *URVVFORVLQJEDODQFH

/HVV(&*&',&*&6HWWOHGDPRXQW
1HWFORVLQJ%DODQFH

LY 0RYHPHQWRISURYLVLRQVIRU13$V

H[FOXGLQJSURYLVLRQVRQVWDQGDUGDVVHWV

82
D 2SHQLQJEDODQFH

E 3URYLVLRQVPDGHGXULQJWKH\HDU

F :ULWHRII

G &ORVLQJEDODQFH


4.2 b{ z { {{gjz f z gj gj c |

ìl
..
31.03.2013
31.03.2012

n il n

ilil il h

n il ilil

ill

dn il

dll

n il il

4.3 l c bmgj|b{ gj
il iln n il n

n ilil
31.03.2013
4.2
'HWDLOVRIQDQFLDODVVHWVVROGWRVHFXULWL]DWLRQ5HFRQVWUXFWLRQ
Company for Asset Reconstruction
`LQ&URUH
Sr. Particulars
No.
1RRIDFFRXQWV
1LO
1,O

$JJUHJDWHYDOXHQHWRISURYLVLRQVRI

DFFRXQWVVROGWR6&5&

$JJUHJDWHFRQVLGHUDWLRQ

4
$GGLWLRQDOFRQVLGHUDWLRQUHDOL]HGLQUHVSHFW
RIDFFRXQWVWUDQVIHUUHGLQHDUOLHU\HDUV

$JJUHJDWHJDLQORVVRYHUQHWERRNYDOXH

'HWDLOVRIQRQSHUIRUPLQJQDQFLDODVVHWVSXUFKDVHG
`LQ&URUH
Particulars
31.03.2013

D 1RRIDFFRXQWVSXUFKDVHG

GXULQJWKH\HDU
E $JJUHJDWHRXWVWDQGLQJ

il e iln
il n

D 2IWKHVHQRRIDFFRXQWV

UHVWUXFWXUHGGXULQJWKH\HDU

E $JJUHJDWHRXWVWDQGLQJ
n ilil
4.4 c bmgj|b{ gj
il n il n

ilil
ill
4.4
31.03.2013

ìl
31.03.2012

4.5
{{gjz x{gjrgjz
..

2
3

./
il ilwh il n
ilwh il ildild il il
ililil hdddililil il
il

d
n il ild

d
hddildil ilil
il
L ililil

d
LL ililil

d
n il ild
L ililil

d
LL ililil

d
31.03.2012

4.3
ìl
31.03.2012
31.03.2013
31.03.2012
1LO
1LO

1LO
1LO

'HWDLOVRIQRQSHUIRUPLQJQDQFLDODVVHWVVROG
`LQ&URUH
Particulars
31.03.2013
31.03.2012

1RRIDFFRXQWVVROGGXULQJWKH\HDU
1LO
1LO

$JJUHJDWHRXWVWDQGLQJ

$JJUHJDWHFRQVLGHUDWLRQUHFHLYHG

4.5
'LVFORVXUHUHODWLQJWR6HFXULWL]DWLRQ
ìl
`LQ&URUH
S.No.
83
Particulars

1RRI639VVSRQVRUHGE\WKHEDQNIRUVHFXULWLVDWLRQWUDQVDFWLRQV

7RWDODPRXQWRIVHFXULWLVHGDVVHWVDVSHUERRNVRIWKH
639VVSRQVRUHGE\WKHEDQN

7RWDODPRXQWRIH[SRVXUHVUHWDLQHGE\WKHEDQNWRFRPSO\
ZLWK055DVRQWKHGDWHRIEDODQFHVKHHW
D 2IIEDODQFHVKHHWH[SRVXUHV
)LUVWORVV
2WKHUV
E 2QEDODQFHVKHHWH[SRVXUHV
)LUVWORVV
2WKHUV
$PRXQWRIH[SRVXUHVWRVHFXULWLVDWLRQWUDQVDFWLRQVRWKHUWKDQ055
D 2IIEDODQFHVKHHWH[SRVXUHV
L ([SRVXUHWRRZQVHFXULWL]DWLRQV
)LUVWORVV
/RVV
LL ([SRVXUHWRWKLUGSDUW\VHFXULWLVDWLRQV
)LUVWORVV
2WKHUV
E 2QEDODQFHVKHHWH[SRVXUHV
L ([SRVXUHWRRZQVHFXULWLVDWLRQV
)LUVWORVV
2WKHUV
LL ([SRVXUHWRWKLUGSDUW\VHFXULWLVDWLRQV
)LUVWORVV
2WKHUV
No./Amount
1,/
Details r

84
3URYLVLRQWKHUHRQ
WKH)<
RHVWUXFWXUHGVWDQGDUG
DGYDQFHVZKLFKFHDVHWR
DWWUDFWKLJKHUSURYLVLRQLQJ
DQGRUDGGLWLRQDOULVNZHLJKW
DWWKHHQGRIWKH)<DQG
KHQFHQHHGQRWEHVKRZQ
DVUHVWUXFWXUHGVWDQGDUG
DGYDQFHVDWWKHEHJLQQLQJRI
WKHQH[W)<
iln w fild il n

fw d 1RRIERUURZHUV
ild dim
ilil
wnh dh d $PRXQWRXWVWDQGLQJ
il
f
ild il n 3URYLVLRQWKHUHRQ
w
f
VWDQGDUGFDWHJRU\GXULQJ

SubStandard

ful
d x
Doubt-

8SJUDGDWLRQVWRUHVWUXFWXUHG $PRXQWRXWVWDQGLQJ
3URYLVLRQWKHUHRQ
f

$PRXQWRXWVWDQGLQJ
ilil
1RRIERUURZHUV
fild il n
3URYLVLRQWKHUHRQ
f
$PRXQWRXWVWDQGLQJ

il fild il n

il il
1RRIERUURZHUV
d
ilil
GXULQJWKH\HDU
)UHVKUHVWUXFWXULQJ
ile
h
RSHQLQJJXUHV
5HVWUXFWXUHG$FFRXQWV
DVRQ$SULORIWKH)<
ilil
1RRIERUURZHUV
fild il n
$VVHW&ODVVLFDWLRQp
Standard

Standard

Total
gj gj

SubStandard

ful
d x
Doubt-

Standard
gj gj
Total

Others

SubStandard

ful
d x
Doubt

Loss
Under SME Debt Restructuring Mechanism

Loss
Under CDR Mechanism
gj
Type of Restructuring p
: Disclosure of Restructured Accounts:
1 dil
n
ildil
Sl
1R
.
.
4.6

Standard
gj gj
Total

SubStandard

ful
d x
Doubt-

Loss
Total
gj

Total

Loss
ìl `LQFURUH
$VVHW&ODVVLFDWLRQp
GXULQJWKH)<
:ULWHRIIVRIUHVWUXFWXUHG
DFFRXQWVGXULQJWKH)<
85
FORVLQJJXUHV
5HVWUXFWXUHG$FFRXQWV
DVRQ0DUFKRIWKH)<

3URYLVLRQWKHUHRQ
f

$PRXQWRXWVWDQGLQJ
ilil
1RRIERUURZHUV
fild il n
$PRXQWRXWVWDQGLQJ
ilil
1RRIERUURZHUV
fild il
n

SubStandard

ful
d x
Doubt-

Total

Standard
gj gj

ful
([FOXGLQJWKHJXUHVRI6WDQGDUG5HVWUXFWXUHG$GYDQFHVZKLFKGRQRWDWWUDFWKLJKHUSURYLVLRQLQJRUULVNZHLJKWLIDSSOLFDEOH

SubStandard
d x
Doubt-

Standard
gj gj
Total

Loss
Under SME Debt Restructuring Mechanism

Loss
ild il ~ilw fwnw

il il
n
ddil

3URYLVLRQWKHUHRQ
f
UHVWUXFWXUHGDFFRXQWV
ilil
$PRXQWRXWVWDQGLQJ
'RZQJUDGDWLRQVRI
il
n
il }}n
Standard
gj
Under CDR Mechanism
il fild il n

n ilf
1RRIERUURZHUV
Sl
1R
.
.
Type of Restructuring p

SubStandard

Loss

Standard
gj gj
Total

ful
d x
Doubt
Others

SubStandard

Loss
gj

Total

ful
d x
Doubt-
Total
ìl `LQFURUH

4.7 gjb{ { x
ilild
limdild

4.7
31.03.2013

416.22
ìl
31.03.2012

Provisions on Standard Assets as on

`LQ&URUH
Particulars
3URYLVLRQVWRZDUGV6WDQGDUG$GYDQFHV
3URYLVLRQVWRZDUGV6WDQGDUG$VVHWV
)RUH[ )RUZDUG&RQWUDFWV

261.35
Total
il il il d il

il d d d d il d il

31.03.2013
31.03.2012

416.22
261.35
7KH FXPXODWLYH SURYLVLRQ WRZDUGV 6WDQGDUG $VVHWV KHOG E\ WKH %DQN
DV DW WKH \HDUHQG LV LQFOXGHG XQGHU 2WKHU /LDELOLWLHV DQG 3URYLVLRQV LQ
6FKHGXOHWRWKH%DODQFH6KHHW
'HWDLOVRIRDWLQJSURYLVLRQV
b~x gjz

ìl
il d iln il

n n ilil
d
n ild
il e il
d iln
d
31.03.2013

`LQ&URUH
31.03.2012

Items
31.03.2013
31.03.2012
D 2SHQLQJ%DODQFHLQWKHRDWLQJ

SURYLVLRQVDFFRXQW

E 7KHTXDQWXPRIRDWLQJSURYLVLRQV

PDGHLQWKHDFFRXQWLQJ\HDU

F $PRXQWRIGUDZGRZQPDGHGXULQJ

WKHDFFRXQWLQJ\HDU

G &ORVLQJ%DODQFHLQWKHRDWLQJ

SURYLVLRQVDFFRXQW

7KH %DQN LV KDYLQJ JHQHUDO SURYLVLRQ RI ` FURUH ` FURUH
ZKLFK LV XVHG E\ WKH EDQN IRU FRPSXWLQJ WKH SURYLVLRQ FRYHUDJH UDWLR
3&5DVSHU5%,JXLGHOLQHV
il il ` il ` il w il

w ilil ilddd
il lilw
:

ililild ` il` ilil de il
ildil
ìl

2012-13
2011-12

w ilkl

w ilkl

dlfilkl

d

il

Bancassurance Business
5.
5.
`LQ&URUH
31.03.2013
31.03.2012
L ilil wdil

LL ilil w dil

7KHLQFRPHHDUQHGXQGHU%DQFDVVXUDQFHLV`&URUH`FURUH
7KHGHWDLOVRI%DQFDVVXUDQFHLQFRPHLVDVXQGHU
Sl.
No.
Nature of Income
2012-13
2011-12

)RUVHOOLQJOLIHLQVXUDQFHSROLFLHV

)RUVHOOLQJQRQOLIHLQVXUDQFHSROLFLHV

)RUVHOOLQJPXWXDOIXQGSURGXFWV

2WKHUVVSHFLI\
7RWDO

31.03.2013
31.03.2012
L ,QWHUHVW,QFRPHDVDSHUFHQWDJHWR

:RUNLQJ)XQGV

LL 1RQ,QWHUHVW,QFRPHDVDSHUFHQWDJH

WR:RUNLQJ)XQGV

LLL 2SHUDWLQJ3URWDVDSHUFHQWDJHWR

:RUNLQJ)XQGV

LY 5HWXUQRQ$VVHWV

Business Ratios
Particulars
LLL ilil
il

LY
d d

Y
il ilwd

ìl

Y %XVLQHVV'HSRVLWV$GYDQFHV

SHUHPSOR\HH`,Q&URUH

YL 3URWSHU(PSOR\HH` ,Q/DNK

YL il `n
86
b{{x

d dd il il~ il im
b{ b{b gj gjs gj gk{x{
6.
Asset Liability Management:

Maturity pattern of certain items of Assets and Liabilities
ìl
` LQ&URUH
Maturity pattern of certain items of Assets and Liabilities 31.03.2013
2

8

1 day
2 to
7 days
8 to
14 days
15 to
28 days
29 days
Over 3
Over 6
to 3 months to months to
months 6 months
1 year
w 'HSRVLWV

d $GYDQFHV

,QYHVWPHQWV
f %RUURZLQJV
15 29 3 6
1
3

bxgjb bxgjb bxgjb bxgjb
6 1 3 5
5
bxgj
gj
Over 1
year to
3 years
Over 3
years to
5 years
Over
5 years
Total

d
)RUHLJQ&XUUHQF\$VVHWV
h
)RUHLJQ&XUUHQF\/LDELOLWLHV
mb gjm{~bmgjb{

7.1 m gjm
wild il ilw

ilil ilw wild
il ilw il
31.03.2013

7.2 b gjm
fild ilild

ililild fild il
d il
31.03.2013

7.5 }bmgjb{
.
.

ildil
fd
h
lil
Concentration of Deposits
`LQ&URUH
Particulars
7RWDO'HSRVLWVRI7ZHQW\ODUJHVW'HSRVLWRUV
3HUFHQWDJHRI'HSRVLWVRI7ZHQW\ODUJHVW
GHSRVLWRUVWR7RWDO'HSRVLWVRIWKH%DQN

ìl
31.03.2012

31.03.2013

31.03.2012

31.03.2013
31.03.2012

31.03.2013
31.03.2012

31.03.2013
31.03.2012

`LQ&URUH
7RWDO$GYDQFHVRI7ZHQW\ODUJHVWERUURZHUV
3HUFHQWDJHRI$GYDQFHVRI7ZHQW\ODUJHVW
ERUURZHUVWR7RWDO$GYDQFHVRIWKH%DQN

ìl
31.03.2012

Concentration of Exposure
`LQ&URUH
Particulars
7RWDO([SRVXUHWRWZHQW\ODUJHVW
ERUURZHUVFXVWRPHUV
3HUFHQWDJHRI([SRVXUHVRI7ZHQW\ODUJHVW
ERUURZHUVFXVWRPHUVWR7RWDO([SRVXUHRI
WKH%DQNRQERUURZHUVFXVWRPHUV

7.4
31.03.2013

31.03.2013
Concentration of Advances
Particulars
7.3
7.4 bmgjb{ gjm
dwiln il
Concentration of Deposits, Advances, Exposure and NPA
7.1
7.2
7.3 gjm
fild il ilil

fild il ililil
ild fild il il
ilil
ìl
31.03.2012

7.
ìl
31.03.2012

Concentration of NPAs
`LQ&URUH
Particulars
7RWDO([SRVXUHWRWRSIRXU13$DFFRXQWV
7.5
Sector-wise NPAs
`LQ&URUH
ìl
S.
N.
x{}gjgjb
bmgjb gj{{
31.03.2013
31.03.2012

87
Sector
Percentage of NPAs to
Total Advances in that sector
31.03.2013
31.03.2012

$JULFXOWXUH DOOLHGDFWLYLWLHV

,QGXVWU\0LFUR VPDOO0HGLXPDQG/DUJH

6HUYLFHV

3HUVRQDO/RDQV

gjbmgjb gj {{

Movement of Gross NPAs
ìl
dil ildwild dil

il

fwil
}eh
il}f

il}fn e il ~il

}} n e il

fwn

il ildwild diln

7.7 b{bmgjb{ m
ild
ildwild
ilw
`LQ&URUH
Particulars
$GGLWLRQVGXULQJWKH\HDU

6XEWRWDO$

L 8SJUDGDWLRQV

LL 5HFRYHULHVH[FOXGLQJUHFRYHULHVPDGHIURP

XSJUDGHGDFFRXQWV

LLL :ULWHRIIV

6XE7RWDO%

*URVV13$VVRQVW0DUFK&ORVLQJ%DODQFH$%

7.7
Overseas Assets, NPAs and Revenue
ìl
31.03.2013

m{f gj

/HVV
`LQ&URUH
31.03.2012

Particulars
7RWDO$VVHWV
7RWDO13$V
7RWDO5HYHQXH
n ildw ilildil
31.03.2013
31.03.2012

1LO
1LO

Off-balance sheet SPVs sponsored
:KLFKDUHUHTXLUHGWREHFRQVROLGDWHGDVSHUDFFRXQWLQJQRUPV
Name of the SPV sponsored
'RPHVWLF
1,/
8. :

z

()

L dil
w ` nililfil
d d il w
il
il

LL wil
w il il

il }
w wil d
dil il wil
dil }
dildd
dh
(`gjv
31.03.2012

8.
Exposures:

Exposure to Real Estate Sector
(a) Direct exposure

L

n wil

14531.99
10213.98
5HVLGHQWLDO0RUWJDJHV
2XW RI ZKLFK /RDQV XS WR ` ODNK
/HQGLQJIXOO\VHFXUHGE\PRUWJDJHRQ
UHVLGHQWLDO SURSHUW\ WKDW LV RU ZLOO EH
RFFXSLHGE\WKHERUURZHURUWKDWLV
UHQWHG
LL &RPPHUFLDO5HDO(VWDWH
/HQGLQJVHFXUHGE\PRUWJDJHVRQ
FRPPHUFLDO UHDOHVWDWHVRIFHEXLOGLQJV
UHWDLO VSDFH PXOWLSXUSRVH FRPPHUFLDO
SUHPLVHV
PXOWLIDPLO\
UHVLGHQWLDO
EXLOGLQJV PXOWLWHQDQWHG FRPPHUFLDO
SUHPLVHVLQGXVWULDORUZDUHKRXVHVSDFH
KRWHOV ODQG DFTXLVLWLRQ GHYHORSPHQW DQG
FRQVWUXFWLRQHWF([SRVXUHDOVRLQFOXGHV
QRQIXQGEDVHG1)%OLPLWV
LLL ,QYHVWPHQWV LQ 0RUWJDJH %DFNHG
6HFXULWLHV 0%6 DQG RWKHU VHFXUH WL]HG
H[SRVXUHV

il d
1,/
`LQ&URUH

2YHUVHDV
Category
LLL il hh
d
{}gjm{f
()
} d i ld d
il d d
d
Amount
*URVV13$V DVRQVW$SULO2SHQLQJ%DODQFH
31.03.2013
31.03.2012

D
5HVLGHQWLDO
1LO
1LO
E
&RPPHUFLDO5HDO(VWDWH
1LO
1LO

14531.99
10213.98
(b) Indirect Exposure

)XQGEDVHGDQGQRQIXQGEDVHGH[
SRVXUHV RQ 1DWLRQDO +RXVLQJ %DQN
1+% DQG +RXVLQJ )LQDQFH &RPSDQLHV
+)&V
Total Exposure to Real Estate Sector
88
m mgj
Exposure to Capital Market
L

LL

LLL

LY

Y

YL
ei m}
ei m} fndl il }
wil il il
il
l il eim} ded
ehdh
eim} fn d
l il
il dw d
d
d il w d w

eim} fndl il } il
ilil
d il w d w

eim} fn d l il } il
il d w

eim} fn l } e il
d il il il
}il il il w d w
d }il il h il} il il
d w }
31.03.2013
31.03.2012

Particulars

YLLL il il

eim} fn
dlil } il il

e h
L[
w }ilil il
[
f w wildwil
d

m m gj

1LO

LLL $GYDQFHV IRU DQ\ RWKHU SXUSRVHV

ZKHUH VKDUHV RU FRQYHUWLEOH ERQGV RU
FRQYHUWLEOH GHEHQWXUHV RU XQLWV RI HTXLW\
RULHQWHG PXWXDO IXQGV DUH WDNHQ DV

SULPDU\VHFXULW\

1LO
LY $GYDQFHV IRU DQ\ RWKHU SXUSRVHV WR

WKH H[WHQW VHFXUHG E\ WKH FROODWHUDO
VHFXULW\ RU VKDUHV RU FRQYHUWLEOH ERQGV
RU FRQYHUWLEOH GHEHQWXUHV RU XQLWV RI
HTXLW\ RULHQWHG PXWXDO IXQGV LH ZKHUH
WKH SULPDU\ VHFXULW\ RWKHU WKDQ VKDUHV
FRQYHUWLEOH ERQGVFRQYHUWLEOH GHEHQWXUHV
XQLWV RI HTXLW\ RULHQWHG PXWXDO IXQGV

GRHVQRWIXOO\FRYHUWKHDGYDQFHV

6HFXUHG DQG XQVHFXUHG DGYDQFHV WR

VWRFNEURNHUV DQG JXDUDQWHHV LVVXHG
RQ EHKDOI RI VWRFNEURNHUV DQG PDUNHW
PDNHUV

YL /RDQV VDQFWLRQHG WR FRUSRUDWHV DJDLQVW

WKH VHFXULW\ RI VKDUHVERQGVGHEHQWXUHV
RU RWKHU VHFXULWLHV RU RQ FOHDQ EDVLV IRU
PHHWLQJ SURPRWHUV FRQWULEXWLRQ WR WKH
HTXLW\ RI QHZ FRPSDQLHV LQ DQWLFLSDWLRQ

RIUDLVLQJUHVRXUFHV
1LO
1LO
YLL %ULGJH ORDQV WR FRPSDQLHV DJDLQVW

H[SHFWHGHTXLW\RZVLVVXHV
1LO
1LO
YLLL 8QGHUZULWLQJ FRPPLWPHQWV WDNHQ XS

E\ WKH EDQNV LQ UHVSHFW RI SULPDU\
LVVXH RI VKDUHV RU FRQYHUWLEOH ERQGV RU
FRQYHUWLEOH GHEHQWXUHV RU XQLWV RI HTXLW\

RULHQWHGPXWXDOIXQGV
1LO
1,/
L[ )LQDQFLQJ WR VWRFNEURNHUV IRU PDUJLQ

WUDGLQJ
1LO
1LO
[
31.03.2012

()

2663.89
$OO H[SRVXUHV WR 9HQWXUH &DSLWDO )XQGV

ERWKUHJLVWHUHGDQGXQUHJLVWHUHG
Exposure to Capital Market
mlz

il

f
df

YLL d eim} il il

il
31.03.2013
gj x{
x

0.00

$GYDQFHV
DJDLQVW
VKDUHVERQGV
GHEHQWXUHV RU RWKHU VHFXULWLHV RU
RQ FOHDQ EDVLV WR LQGLYLGXDOV IRU
LQYHVWPHQW LQ VKDUHV LQFOXGLQJ ,32V
(623V FRQYHUWLEOH ERQGV FRQYHUWLEOH
GHEHQWXUHV DQG XQLWV RI HTXLW\RULHQWHG
PXWXDOIXQGV
Y
31.03.2013

()

2721.69
31.03.2012

ml
z
31.03.2013
'LUHFW LQYHVWPHQW LQ HTXLW\ VKDUHV

FRQYHUWLEOHERQGVFRQYHUWLEOHGHEHQWXUHV
DQG XQLWV RI HTXLW\RULHQWHG PXWXDO IXQGV
WKH FRUSXV RI ZKLFK LV QRW H[FOXVLYHO\
LQYHVWHGLQFRUSRUDWHGHEW
L
LL
w} il e il il

eim} ilildil ilw}
d
w dd il w
`LQ&URUH
ìl

218.04
268.94
Risk Category wise Country Exposure
ìl
31.03.2012
gj x{
x

0.00
`LQ&URUH
Risk
Category
,QVLJQLFDQW

/RZ

0RGHUDWH

9HU\+LJK

5HVWULFWHG

2IIFUHGLW

2721.69
0.00
2663.89
0.00
+LJK
Total
89
Exposure (net) Provision held Exposure (net) Provision held

as at March
as at March
as at March
as at March
31, 2013
31, 2013
31, 2012
31, 2012
ilhililwn dilil
ilil ild il il dilweilil
kldildile dil
6LQFH%DQNVQHWIXQGHGH[SRVXUHIRUULVNFDWHJRU\ZLVHH[SRVXUHIRUHDFKFRXQWU\
LVOHVVWKDQRIEDQNVWRWDODVVHWVDVRQQRSURYLVLRQLVUHTXLUHGLQ
WHUPVRI5%,&LUFXODU1R'%2'%3%&GDWHG-XO\
gj gj c fgj dxgj{ fmf dxgj{

mfgjz

ilil il lfil fil il
filildildklil
Details of Single Borrower Limit (SBL), Group Borrower Limit

(GBL) exceeded by the Bank.
m{ b

il il w d ` il ` il il
d w d d w ildileile
w il eilil d il il
ilil d ` il ` il
Unsecured Advances:
Provisioning Coverage Ratio:
x
gjbgjgjfgjffxgj gj
2012-13

ìl
2011-12

31.03.2013
31.03.2012

dwild ilhh

ild ilhh

d

hhlhhhl}

dil

dild

dddililh

} nw

iln

dmvgj
7KH EDQN KDV FRPSXWHG WKH 3URYLVLRQLQJ &RYHUDJH 5DWLR 3&5 DV
UHTXLUHG YLGH &LUFXODU 1R '%2'1R%3%&
GDWHG 'HFHPEHU ZKLFK LV 7KLV UDWLR LV FDOFXODWHG RQ
WKHEDVLVRI13$OHYHODVRQ
:KHUHDV VXFK 3URYLVLRQ &RYHUDJH 5DWLR 3&5 FDOFXODWHG DV SHU 5%,
&LUFXODU1R'3'&GDWHG$SULOEDVHGRQ
13$ OHYHO DV RQ ` &URUH DQG 13$ SURYLVLRQ DV RQ
ZRUNVRXWWRDVDJDLQVWPLQLPXPUHTXLUHG
9.
Miscellaneous:
Amount of Provision made for income tax during the year:
`LQ&URUH
Particulars
3URYLVLRQIRU,QFRPH7D[
2012-13
2011-12

Provisions and Contingencies shown under the head Expenditure

LQ3URWDQG/RVV$FFRXQW
`LQ&URUH
ìl
..
8QVHFXUHG DGYDQFH LQFOXGHV ` &URUH ` FURUH DV RQ

ZKLFK DUH FROODWHUDOO\ VHFXUHG E\ LQWDQJLEOH VHFXULWLHV VXFK
DV FKDUJH RYHU WKH ULJKWV OLFHQVHV DXWKRULWLHV HWF7KH HVWLPDWHG YDOXH
RI VXFK LQWDQJLEOH FROODWHUDO LV ` &URUH ` FURUH DV RQ

xb{

w ililililkldhd
il ildil dil
il il w e d il il il
dwild ilildil

wilh dw ililildil
kl il d il ilh h w
ilhh ` il dilhh
d w il wilhil dil
dil
/

xbbgjgj{f
7KH%DQNKDVQRWH[FHHGHGWKHSUXGHQWLDOH[SRVXUHOLPLWVLQUHVSHFWRI
OHQGLQJ WR VLQJOH ERUURZHU RU JURXS ERUURZHU GXULQJ WKH )LQDQFLDO <HDU

Sr.
No.
Particulars
31.03.2013
31.03.2012

3URYLVLRQWRZDUGV13$

3URYLVLRQVIRU6WDQGDUG$VVHWV

3URYLVLRQVIRU5HVWUXFWXUHG$GYDQFHV

'HSUHFLDWLRQRQLQYHVWPHQWVLQ$)6+)7

3URYLVLRQIRU,QFRPHWD[

'HIHUUHG7D[$VVHW/LDELOLW\1HW

2WKHUSURYLVLRQDQGFRQWLQJHQFLHV

1419.61
1089.28
/HVV:ULWHEDFNDGMXVWPHQWV
Sub-total (A)

:ULWHEDFNRIGHSUHFLDWLRQRQ,QYHVWPHQW
dild

'HIHUUHG7D[$VVHWV/LDELOLW\
d

2WKHULWHPV

dmvl

Sub-total (B)
30.42
4.87
gjxbbgjgj{f gjl

Total Provisions & Contingencies (A-B)
1389.19
1084.41
dd dd ild }n

d il d il dn il
w il kl il f w eil dl d
d d n d il~ w n il
n dd ilddd
dd ildndilil wilw
il eil il wilil
d eilw

:RUN LV LQ SURJUHVV IRU DGMXVWPHQW UHFRQFLOLDWLRQHOLPLQDWLRQ RI LQWHU
EUDQFK WUDQVDFWLRQV WUDQVDFWLRQV ZLWK RWKHU EDQNVLQVWLWXWLRQV QRPLQDO
DFFRXQWV DQG ROG HQWULHV XQGHU RWKHU DVVHWV DQG OLDELOLWLHV )XUWKHU
UHFRQFLOLDWLRQ EHWZHHQ EDODQFHV LQ VXEVLGLDU\ DQG JHQHUDO OHGJHU LQ
UHVSHFW RI FHUWDLQ GHSRVLW DFFRXQWV FOHDULQJ DFFRXQWV RWKHU DVVHWV
OLDELOLWLHVDQGLQWHUEUDQFKWUDQVIHURI[HGDVVHWVLVVWLOOXQGHUSURJUHVV
7KH HIIHFW RI WKHVH LQFOXGLQJ WKH FRQVHTXHQWLDO LPSDFW WKHUHRI RQ
WKH UHYHQXH LV QRW DVFHUWDLQDEOH ,Q WKH RSLQLRQ RI WKH PDQDJHPHQW
FRQVHTXHQWLDOLPSDFWWKHUHRIIRQUHYHQXHLVQRWPDWHULDO
90
ild il ` il` ilil

il ildn wil
il il il d il il il
il il h il il w e
il ` il ` il
` ` il ` ilil dil
il il
l il f dw
w il h d ilil il il d
` ilil ililnil
` il ` il il il il il
il il n il il dilh
ilililil wilil
dilil d il d e e } il il `
il ` il il il } il il w
dild il il il il
ew il f il w ` il `
ilil il ilililw
d e e dd dildil
` il` ilil il
ilw il ilil dil
il ildilile ~

ilil}e e ilil il
2012-13 2011-12
.
il
ild il il n
n
Fixed Assets

'HSUHFLDWLRQ IRU WKH FXUUHQW \HDU DPRXQWLQJ WR ` FURUH `
FURUH RQ UHYDOXHG DVVHWV KDV EHHQ DGMXVWHG WR 5HYDOXDWLRQ UHVHUYH
DFFRXQW
$V SHU %DQNV SROLF\ UHYDOXDWLRQ RI HOLJLEOH SURSHUWLHV KDV EHHQ
GRQH DV RQ 7KH JURVV DPRXQW RI VXFK UHYDOXDWLRQ LQFOXGHG
LQ SURSHUWLHVSUHPLVHV DW DV RQ VW 0DUFK LV ` FURUH
` FURUH DQG QHW RI GHSUHFLDWLRQ DPRXQW LV ` FURUH
` FURUH )XUWKHU WKH :'9 RI HDUOLHU 5HYDOXDWLRQ 5HVHUYH RI
` FURUHKDVEHHQUHYHUVHG
2QWKHEDVLVRIFHUWLFDWHVRIDSSURYHGYDOXHUVGHSUHFLDWLRQDPRXQWLQJ
WR ` FURUH 1LO KDV EHHQ ZULWWHQ EDFN LQ UHVSHFW RI FRPSRVLWH
SURSHUWLHV E\ DSSURSULDWHO\ VHJUHJDWLQJ ODQG DQG EXLOGLQJ FRVW E\
PLVFHOODQHRXVLQFRPH
7KH WLWOH GHHGV LQ UHVSHFW RI UHYDOXHG SURSHUWLHVSUHPLVHV KDYLQJ
FRVW RI ` FURUH ` FURUH ZHUH QRW \HW H[HFXWHGUHJLVWHUHG LQ
IDYRXURIWKH%DQNGXHWRORQJSHQGLQJOHJDOGLVSXWHVIRUPDOLWLHV
&RQWLQJHQW /LDELOLWLHV LQFOXGH H[SLUHG JXDUDQWHHV DPRXQWLQJ WR
` &URUH ` &URUH ZKLFK KDV QRW EHHQ FDQFHOOHG
EHFDXVH RI SHQGLQJ FRPSOHWLRQ IRUPDOLWLHV &ODLPV SHQGLQJ DQG WR EH
SUHIHUUHG ZLWK (&*& DPRXQWLQJ WR ` &URUH ` &URUH KDYH
EHHQFRQVLGHUHGDVUHDOL]DEOHIRUWKHSXUSRVHRIFRPSXWLQJSURYLVLRQV
2WKHU /LDELOLWLHV GLVFORVHG LQ 6FKHGXOH LQFOXGH ` &URUH `
FUWRZDUGVXQFODLPHG6KDUH$SSOLFDWLRQ0RQH\
'XULQJ WKH \HDU 5HVHUYH %DQN RI ,QGLD KDV QRW LPSRVHG DQ\ SHQDOW\
RQ WKH %DQN XQGHU WKH SURYLVLRQV RI 6HFWLRQ RI WKH %DQNLQJ
5HJXODWLRQ$FW
7KH GHWDLOV RI &XVWRPHU FRPSODLQWV GHDOW ZLWK E\ WKH %DQN GXULQJ WKH
\HDUDUHDVXQGHU
1RRIFRPSODLQWVSHQGLQJDWWKH
EHJLQQLQJRIWKH\HDU
2012-13
2011-12

ilil il n

E
1RRIFRPSODLQWVUHFHLYHGGXULQJWKH\HDU

il}e e il il n

F
1RRIFRPSODLQWVUHGUHVVHGGXULQJWKH\HDU

ild il il n

G
1RRIFRPSODLQWVSHQGLQJDWWKHHQGRIWKH\HDU

.
il

n

7KHGHWDLOVRIDZDUGVSDVVHGE\WKH%DQNLQJ2PEXGVPDQDUHDVXQGHU
2012-13
ild ilhd
il n

ililil
d il n

ilild il n

ild ilhd il n

Sr.No.
2011-12

gj{ b}

ilil ` ilil}kl}` il
il}kl}w ilhdil il ilh}kl}il
nd d il il il d w ilh
h
2012-13
2011-12
D
1RRIXQLPSOHPHQWHG$ZDUGVDWWKH
EHJLQQLQJRIWKH\HDU
Particulars

E
1RRI$ZDUGVSDVVHGE\WKH%DQNLQJ
2PEXGVPDQGXULQJWKH\HDU

F
1RRI$ZDUGVLPSOHPHQWHGGXULQJWKH\HDU

G
1RRIXQLPSOHPHQWHG$ZDUGVDWWKHHQG
RIWKH\HDU

Letters of Comfort (LOCs):

'XULQJ WKH FXUUHQW \HDU WUDGH FUHGLWV DJJUHJDWLQJ WR ` &URUH
WUDGH FUHGLWV DJJUHJDWLQJ WR ` &URUH ZHUH VDQFWLRQHG
E\ WKH %DQN DQG /HWWHUV RI &RPIRUW LVVXHG E\ WKH EUDQFKHV LQ IDYRU RI
YDULRXVRWKHU%DQNVIRUDUUDQJLQJWUDGHFUHGLWWRFRUSRUDWHFOLHQWV
il il ` il il } kl} il il
il ` ilil}kl}il
10. il nil w n il il fil

il ildil
$V RQ WUDGH FUHGLWV DPRXQWLQJ WR ` &URUH ZHUH
RXWVWDQGLQJ DV DJDLQVW 7UDGH &UHGLWV DPRXQWLQJ WR ` &URUH
DVRQVW0DUFK
10. 7KH %DQN KDV FRPSOLHG ZLWK WKH $FFRXQWLQJ 6WDQGDUGV LVVXHG E\
7KH ,QVWLWXWH RI &KDUWHUHG $FFRXQWDQWV RI ,QGLD ,&$, WR WKH H[WHQW
DSSOLFDEOHDVXQGHU
l gj bx gj x b~ bx b

Particulars
D

ilililhhd il
Sr.No.
$FFRXQWLQJ 6WDQGDUG 1HW 3URW RU /RVV IRU WKH SHULRG SULRU
period items and changes in accounting policies.
ildil d ile df n

nil
91
$V SULRU SHULRG LWHPV RI LQFRPHH[SHQGLWXUH DUH QRW PDWHULDO WKH VDPH
KDYHEHHQFKDUJHGDFFRXQWHGIRULQUHVSHFWLYHKHDGVRIDFFRXQWV
nilw

n il d e n klil il
d d il il~ il il dild il
il ildil
Accounting Standard 9 Revenue Recognition
lgj gj

d n d w il il d
` il` il
Accounting Standard 11 Effect of Changes in Foreign Exchange Rates
lgjx{gj gj
$FFRXQWLQJ6WDQGDUG$65HYLVHG(PSOR\HH%HQHWV
il {bmf bbl{ x{gj

ìl
$ 'HQHG&RQWULEXWLRQ3ODQV
31.03.2013
31.03.2012
il

n il il d

ildilil

Particulars
il w w w il il
dil d il w

n f w w d f
d il d f d il il
df fil w
~}} ilil d w d
d d ~}} il il dil
d w
I.
{{ gj{
Particulars
D
3URYLGHQW)XQG
E
&RQWULEXWLRQWR6WDII:HOIDUH
:HOIDUH)XQG&RQWLQJHQF\
31.03.2013
31.03.2012

% 'HQHG%HQHW3ODQV
S.No
1HW LQFRPH RQ DFFRXQW RI H[FKDQJH GLIIHUHQFHV FUHGLW WR LQ WKH 3URW
DQG/RVVDFFRXQWIRUWKH\HDULV` FURUH` FURUH
`LQ&URUHV
n {mf
ij z
$V SHU $FFRXQWLQJ 3ROLF\ 1R JLYHQ LQ 6FKHGXOH 6LJQLFDQW
$FFRXQWLQJ 3ROLFLHV FHUWDLQ LWHPV RI LQFRPH DUH UHFRJQL]HG RQ
UHDOL]DWLRQ EDVLV RQ DFFRXQW RI VWDWXWRU\ UHTXLUHPHQWV RU RQ DFFRXQW RI
PDWHULDOLW\
,
D
Pension Plan- 7KLVLVDSRVWHPSOR\PHQWEHQHWZKLFKLVRI

QDO SD\ IRU D PD[LPXP RI \HDUV RI SHQVLRQDEOH VHUYLFH 7KLV
LVDIXQGHGVFKHPH
b.
Gratuity Plan- 7KLV LV D SRVW HPSOR\PHQW EHQHW DQG LV SD\DEOH
DV KLJKHU RI *UDWXLW\ DV SHU &RPSDQ\V 5XOHV DQG *UDWXLW\ XQGHU
3D\PHQW RI *UDWXLW\ $FW DV DPHQGHG 7KLV LV D IXQGHG
VFKHPH
c.
Leave Encashment/ Compensated Absences - 7KLV LV D

SRVW HPSOR\PHQW EHQHW DQG LV SD\DEOH IRU D PD[LPXP OLPLW RI
GD\V RI DFFXPXODWHG OHDYH EDVHG RQ QDO SD\ 7KLV LV DQ
XQIXQGHGVFKHPH
&KDQJHLQWKH3UHVHQWYDOXHRI'HQHG%HQHW2EOLJDWLRQV
m
dm
Pension Plans
Gratuity Plans
ìl`LQ&URUHV
srr gjgjz
Leave Encashment
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12

ildil
1.

2SHQLQJ3UHVHQW9DOXHRI'HQHG
%HQHW2EOLJDWLRQ
2.
,QWHUHVW&RVW
3.
&XUUHQW6HUYLFH&RVW
4.
3DVW6HUYLFH&RVW
5.
%HQHWV3DLG

$FWXDULDO*DLQV/RVVHVIRUWKH\HDU
7.

&ORVLQJ3UHVHQW9DOXHRI'HQHG
%HQHW2EOLJDWLRQ
w

f
{{ gj{
92
mb{ gjbgj{
II.
,,
ìl`LQ&URUHV
dm GRATUITY PLANS
m PENSION PLANS
..
S.No. Particulars
31.03.13
31.03.12
31.03.13
31.03.12

wd ildilf
1.
2SHQLQJIDLUYDOXHRISODQDVVHWV
wd dd
2.

3.
4.
5.

([SHFWHGUHWXUQRQSODQDVVHWV

ild&RQWULEXWLRQVPDGH
%HQHWVSDLG
f$FWXDULDOJDLQVORVVHV
mb{ gjd{

2541.49
2085.35
383.56
373.16
Closing fair value of plan assets
{} x{gj
III.
Change in the Fair Value of Plan Assets:
,,,
$PRXQWUHFRJQL]HGLQWKH%DODQFH6KHHW
xgj{{
ìl`LQ&URUHV
xgj{
{
..
)XQGHG'HQHG%HQHW2EOLJDWLRQV
8QIXQGHG'HQHG
%HQHW2EOLJDWLRQV
mf
dmf
gj
srr gjgjz
Pension Plans
Gratuity Plans
Total
Leave Encashment
Sr No Particulars
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12

il
1.
3UHVHQW9DOXHRI'HQHG%HQHW2EOLJDWLRQV
wd ilf
2.
)DLU9DOXHRI3ODQ$VVHWV
3.
4.

x{{1HWOLDELOLW\WREHUHFRJQL]HG
{} x{bgj

2WKHUDPRXQWUHFRJQL]HGLQWKH%DODQFH6KHHW

{} x{{
5.
1HWOLDELOLW\UHFRJQL]HGLQWKH%DODQFH6KHHW
bl x{gj
IV.
ij z
S.No
1.
2.
3.
Particulars
&XUUHQW6HUYLFH&RVW
w,QWHUHVW&RVW
wd dd
([SHFWHG5HWXUQRQ3ODQ$VVHWV
4.
wilil
5.

3DVW6HUYLFH&RVW
([SHQVHWREHUHFRJQL]HG
dkldkl
il
wilf
ilild hh

&DUU\IRUZDUGRIHQKDQFHGREOLJDWLRQVGXH
WRUHRSHQLQJRI3HQVLRQ3ODQ LQFUHDVHLQ
*UDWXLW\/LPLWYLGH1RWLFDWLRQ1R%2'
1R%&LQ

ilil }e e

7.
$FWXDULDO*DLQV/RVVHVIRUWKH\HDU
)XQGUHIXQGHGE\QG2SWHHGLUHFWO\WR3HQVLRQ)XQG

ililhhdl

gj { b

l{ x{gjl
$GGLWLRQDOSURYLVLRQPDGHGXULQJWKH\HDU
1HWH[SHQVHUHFRJQL]HGLQ3URW
Loss Account and included in Staff Cost
IV.
mf Pension Plans
$PRXQWUHFRJQL]HGLQWKH3URW /RVV$FFRXQW
dmf Gratuity Plans
ìl`LQ&URUHV
srr gjgjz Leave Encashment
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13

302.15
258.87
55.73
44.72
17.27
42.10
93
31.03.12
{} x{{gjx
V.
5HFRQFLOLDWLRQLQWKH1HW/LDELOLW\UHFRJQL]HGLQWKH%DODQFH6KHHW
V.
ìl`LQ&URUHV
..
S.No
Particulars
il2SHQLQJ1HW/LDELOLW\
([SHQVHUHFRJQL]HG
d&RQWULEXWLRQV%HQHWVSDLG
&ORVLQJ1HW/LDELOLW\
1.
2.
3.
4.
mf
dmf
srr gjgjz
Pension Plans
Gratuity Plans
Leave Encashment
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12

mb{ {gjb
VI.
VI.
Actual Return on Plan Assets
ìl`LQ&URUHV
..
31.03.13
31.03.12
31.03.13
31.03.12

wd wilil
2.
$FWXULDOJDLQORVVRQSODQDVVHWV
wd ild
3.
$FWXDOUHWXUQRQSODQDVVHWV
9,, mgjgj{f x{b{ gj |j
VII.
..
S.No
2.

3.
Particulars
dmf
srr gjgjz
Pension Plans
Gratuity Plans
Leave Encashment
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12
w'LVFRXQWUDWH
wd dd


1$
1$

il d
([SHFWHGUDWHRIVDODU\LQFUHDVHV

`LQ&URUHV
l{ x{
31.03.13
31.03.12

6 3DUWLFXODUV
No.
~}} il

ww il

dmf
31.03.13
31.03.12
31.03.13
31.03.12

/HDYH)DUH&RQFHVVDWLRQ

6LOYHU-XELOHH$ZDUG

8.93
12.10
8QDPRUWL]HG3HQVLRQDQG*UDWXLW\/LDELOLW\
,Q DFFRUGDQFH ZLWK JXLGHOLQHV LVVXHG E\ 5%, YLGH 1RWLFDWLRQ 1R
'%2'1R%3%& GDWHG )HEUXDU\
SURYLVLRQ IRU ` FURUH KDV EHHQ PDGH IRU WKH \HDU HQGHG
WRZDUGV WKH DPRUWL]DWLRQ UHODWLQJ WR HQKDQFHPHQW LQ
*UDWXLW\ OLPLW DQG UHRSHQLQJ RI SHQVLRQ RSWLRQ IRU H[LVWLQJ HPSOR\HHV
UHSUHVHQWLQJ WK RI WKH WRWDO XQDPRUWL]HG OLDELOLW\ DPRXQWLQJ WR
` LH ` FURUH EHLQJ WKH DPRXQW RI DPRUWL]HG EDODQFH WR
EH FKDUJHG WR WKH SURW ORVV DFFRXQW GXULQJ WKH QDQFLDO \HDU
7KH XQDPRUWL]HG OLDELOLW\ UHODWLQJ WR HQKDQFHPHQW LQ *UDWXLW\
OLPLW DQG UHRSHQLQJ RI SHQVLRQ RSWLRQ IRU H[LVWLQJ HPSOR\HHV DV RQ
LVDVXQGHU
`LQ&URUHV
Pension Plans
31.03.12
31.03.12

5HVHWWOHPHQW$OORZDQFH
'
gj
31.03.13
31.03.13

Total
xd{

w il il l il d klil
d kl il w
il d f il il il
il il il il
` ililil il
n ilhw il ` il
il il il ` il
ilil f il
ililil
ìl
mf
5HFRJQL]HGLQ3URW
Loss Account

mv
2WKHU/RQJ7HUP%HQHWV
C.
ìl
ij z
.
Principal Actuarial Assumptions (expressed as weighted averages)
mf
bx
dmf
Gratuity Plans
wd dd
1.
1.
mf
Pension Plans
Sr No Particulars
94
Gratuity Plans
Total
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12

10.5 17 -
10.5 Accounting Standard 17- Segment Reporting
il d il} il ildil
%DQNKDVLGHQWLHGLWVSULPDU\UHSRUWDEOHVHJPHQWVDVXQGHU
Part A : Business segments
gj}
}
Business Segments
Particulars
w 5HYHQXH
5HVXOW
d}
8QDOORFDWHGH[SHQVHV
ìl`LQ&URUHV
lm
~{~gjgj
lgj
bgj
gj
Treasury
Corporate /
Wholesale Banking
Retail Banking
Other banking
operations
Total
2012-13
2011-12
2012-13
2011-12
2012-13
2011-12
2012-13
2011-12
2012-13
2011-12

2SHUDWLQJSURW
ildil
7D[HVLQFOXGLQJGHIHUUHGWD[HV

1LO
1LO

1LO
1LO
1LO
1LO
1LO

&DSLWDO 2WKHU5HVHUYHV

ilh7RWDOOLDELOLWLHV

d
([WUDRUGLQDU\SURWORVV

1HWSURW
bmgj
Other Information:
d
6HJPHQWDVVHWV
d}d
8QDOORFDWHGDVVHWV
ild
7RWDODVVHWV
h
6HJPHQWOLDELOLWLHV
d}h
8QDOORFDWHGOLDELOLWLHV

w dd
il nw il il il f w

df d
n il il l il d il
il il d w nil
il
nil ll ~} il w
L ildil ìl il d
LL hil il il il il n il
dil d
LLL hil ildil ìlil
dil il h dil w
fl ild il
lgj}
ililililil dil
10.6 lgjx{gjr

e
gj x{ gjbgj dgjx
il ilil d il } himwim}h}} il
n ilil il } il
{z xgjgjgj
dil
dwililil
D
E
F
G
7UHDVXU\ VHJPHQW LQFOXGHV ,QYHVWPHQW EDODQFHV ZLWK %DQNV RXWVLGH

,QGLD,QWHUHVWDFFUXHGRQLQYHVWPHQWVDQGUHODWHGLQFRPHWKHUHIURP
&RUSRUDWH:KROH VDOH %DQNLQJ 6HJPHQWV LQFOXGH DOO DGYDQFHV WR
WUXVWV SDUWQHUVKLS UPV FRPSDQLHV DQG VWDWXWRU\ ERGLHV ZKLFK DUH QRW
LQFOXGHGLQ5HWDLO%DQNLQJ6HJPHQWV
5HWDLO %DQNLQJ 6HJPHQWV LQFOXGH H[SRVXUH WR WKH LQGLYLGXDO SHUVRQ
SHUVRQVRUWRDVPDOOEXVLQHVVZKHUH
L
7RWDODYHUDJHDQQXDOWXUQRYHULVOHVVWKDQ`&URUHDQG
LL
1R DJJUHJDWH H[SRVXUH WR RQH FRXQWHU SDUW\ H[FHHGV RI WKH
RYHUDOOUHWDLOSRUWIROLRRIWKH%DQNDQG
LLL 7KHPD[LPXPDJJUHJDWHGUHWDLOH[SRVXUHWRRQHFRXQWHUSDUWLVXS
WR`&URUH
2WKHU %DQNLQJ 2SHUDWLRQV VHJPHQW LQFOXGHV DOO RWKHU EDQNLQJ
WUDQVDFWLRQQRWFRYHUHGXQGHUVHJPHQWVVSHFLHGDERYH
Part B: Geographical Segment

6LQFHWKHRSHUDWLRQVRIWKH%DQNDUHZLWKLQ,QGLDRQO\*HRJUDSKLFDO6HJPHQW
LVQRWDSSOLFDEOH
10.6 Accounting Standard 18 Related party disclosures
95
7KHGHWDLOVLQWKLVUHJDUGDUHDVXQGHU
(A)

Name of the Related Parties and their relationship:

D 6XEVLGLDU\RIWKH%DQN 7KH0DKDUDVKWUD([HFXWRU 7UXVWHH&R3YW/LPLWHG
E $VVRFLDWHRIWKH%DQN 0DKDUDVKWUD*UDPLQ%DQN
F Key Management Personnel
6KUL 1DUHQGUD 6LQJK &KDLUPDQ 0DQDJLQJ 'LUHFWRU IURP

6KUL&955DMHQGUDQ([HFXWLYH'LUHFWRUIURP
l x{
(B)
`n
31.03.13
31.03.12

hh il} il ~ il w il il d il
d il d il il il} il w il
wf il dw ilwfil
il il} ~}
lgj{bm
31.03.2013
31.03.2012
dildw
`
`
bgj{{bmgj z
il ilfdd
il`n
`
`
n eim} il dn
nn

dw>ilwn@
`
`
d
`
`
Transactions with Related parties

`LQODNKV
Particulars
31.03.13
31.03.12

6DODU\ $OORZDQFHVLQFOXGLQJSHUTXLVLWHV
7KHWUDQVDFWLRQVZLWKWKHVXEVLGLDU\DQGDVVRFLDWHRIWKHEDQNKDYHQRWEHHQ
GLVFORVHG LQ YLHZ RI SDUD RI WKH$6 5HODWHG 3DUWLHV 'LVFORVXUHV ZKLFK
H[HPSWVVWDWHFRQWUROOHGHQWHUSULVHVIURPPDNLQJDQ\GLVFORVXUHSHUWDLQLQJWR
WKHLUWUDQVDFWLRQVZLWKRWKHUVWDWHFRQWUROOHGUHODWHGSDUWLHV
10.7 Accounting Standard 20 Earnings per Share
Particulars
%DVLF'LOXWHG(36
31.03.2013
31.03.2012
`
`
Calculation of Basic/Diluted EPS

D 1HW3URWDIWHU7D[DQGSUHIHUHQFHGLYLGHQG
SOXVWD[RQGLYLGHQG`LQODNK
E :HLJKWHG$YHUDJHQXPEHURI
(TXLW\6KDUHV1RVLQ/DNKV
10.8 22 -

il hhilil hililnilil
dild ddilh

ìl
31.03.2013
31.03.2012

dd il
ildil

il d il

dw }h

142.15
368.58

YLLLild
il

il

d il

100.70
106.72

41.45
261.86
10.9 24 -

il ild il
il ilwild il d il
}dd ilil d
ilile wilfl
10.10 26 -

il}m} dil ildl

fd

n
ìl
31.03.2013
31.03.2012
ild m}

il m}

il

il d we e

` `

F %DVLF(DUQLQJVSHUVKDUH>DGLYLGHGE\E@
`
`
G 1RPLQDO9DOXHSHU6KDUH
`
`
10.8 Accounting Standard 22 Accounting for Taxes on Income

7KHEDQNKDVDFFRXQWHGIRUFXUUHQWWD[LQFRPSOLDQFHZLWK$6
$FFRUGLQJO\'HIHUUHG7D[$VVHWVDQG'HIHUUHG7D[/LDELOLWLHVDUHDVXQGHU
`LQ&URUH
Particulars
31.03.2013
31.03.2012

Deferred Tax Assets

2QDFFRXQWRIWLPLQJGLIIHUHQFHWRZDUGV
SURYLVLRQVIRU%DG 'RXEWIXO'HEWV
2QDFFRXQWRISURYLVLRQVIRU(PSOR\HHVEHQHWV

2WKHU3URYLVLRQVZKHUH'7$LVFUHDWHG

142.15
368.58
2QDFFRXQWRI6SHFLDO5HVHUYH

2QDFFRXQWRI'HSUHFLDWLRQRQ,QYHVWPHQW

Total
Deferred Tax Liability
2QDFFRXQWRI'HSUHFLDWLRQRQ)L[HG$VVHWV
Total
Net Deferred Tax Asset

100.70
106.72
41.45
261.86
10.9 Accounting Standard-24 Discontinuing Operations

7KH %DQN GXULQJ WKH QDQFLDO \HDU KDV QRW GLVFRQWLQXHG
DQ\ RI LWV EXVLQHVV DFWLYLWLHV RSHUDWLRQV ZKLFK UHVXOWHG LQ GLVFKDUJLQJ
RI OLDELOLWLHV DQG UHDOL]DWLRQ RI WKH DVVHWV DQG QR GHFLVLRQ KDV EHHQ
QDOL]HG WR GLVFRQWLQXH D EXVLQHVV DFWLYLW\ LQ LWV HQWLUHW\ ZKLFK ZLOO KDYH
WKHDERYHHIIHFWV
10.10Accounting Standard 26 Accounting for Intangible Assets.

&RPSXWHU6RIWZDUHRWKHUWKDQLQWHUQDOO\JHQHUDWHG

8VHIXOOLIH
\HDUV

$PRUWL]DWLRQ5DWH

$PRUWL]DWLRQ0HWKRG 6WUDLJKWOLQHDWFRVW
`,Q&URUH
Particulars
10.11 lgjb{ gjbmgj

il dil ildd dwil e eh
nilildile il il dil
31.03.2013
31.03.2012
6RIWZDUHDWWKHEHJLQQLQJRIWKH\HDU

6RIWZDUHDFTXLUHGGXULQJWKH\HDU

$PRUWL]DWLRQGXULQJWKH\HDU

1HWFDUU\LQJDPRXQWDWWKHHQGRIWKH\HDU

10.11 Accounting Standard 28 Impairment of Assets

96
%DQNKDVLGHQWLHG WKDWWKHUHLVQRLPSDLUPHQWRI[HG DVVHWVDQG DV

VXFKQRSURYLVLRQLVUHTXLUHGDVSHU$6
10.12 lgjxbgjgj{f bbgjgjb{

il d dilil d il h ile
ildil
11.
10.12 Accounting Standard 29 - Provisions, Contingent Liabilities and

Contingent Assets
ildil il w dil ~

ildil il ilil
,Q WKH RSLQLRQ RI WKH PDQDJHPHQW QR IXUWKHU SURYLVLRQ LV UHTXLUHG
DJDLQVWFRQWLQJHQWOLDELOLWLHVUHIHUUHGWRLQ6FKHGXOH
11.
3UHYLRXV \HDUV JXUHV KDYH EHHQ UHJURXSHG UHFODVVLHG ZKHUHYHU

FRQVLGHUHGQHFHVVDU\WRPDNHWKHPFRPSDUDEOHZLWKFXUUHQW\HDUVJXUH
II ( 3)
BASEL II (PILLAR 3) DISCLOSURE
-1

TABLE DF - 1 SCOPE OF APPLICATION
il ililw ildl}
n nildilw ilildlil il n
ildd d il

L w il

il dl } il il w e w
ilil ilhilil
ilil } himwim}h}} il

il

ild

fl il il nil w n
ilildil

LL wililildil

h ile wil il il d
il

LLL wil}

il
} himwim}h}} il

il
} il

il

ild

fl d il il nil w
nilildil

LY w il d il} il d f w
wn
D

il d il d w d il il il
dw il} il e dh ild il
Quantitative Disclosures
F
7KH DJJUHJDWH DPRXQW RI FDSLWDO GHFLHQFLHV LQ DOO VXEVLGLDULHV QRW
LQFOXGHG LQ WKH FRQVROLGDWLRQ LH WKDW DUH GHGXFWHG DQG WKH QDPHV RI
VXFKVXEVLGLDULHV1LO
d ililil il ilil w wn

filfildililil
d d d e d il il d eil
dl e il f il} il f il il
w il
G
7KH DJJUHJDWH DPRXQWV HJ FXUUHQW ERRN YDOXH RI WKH EDQNV WRWDO
LQWHUHVWV LQ LQVXUDQFH HQWLWLHV ZKLFK DUH ULVNZHLJKWHG DV ZHOO DV WKHLU
QDPH WKHLU FRXQWU\ RI LQFRUSRUDWLRQ RU UHVLGHQFH WKH SURSRUWLRQ RI
RZQHUVKLS LQWHUHVW DQG LI GLIIHUHQW WKH SURSRUWLRQ RI YRWLQJ SRZHU LQ
WKHVH HQWLWLHV ,Q DGGLWLRQ LQGLFDWH WKH TXDQWLWDWLYH LPSDFW RQ UHJXODWRU\
FDSLWDORIXVLQJWKLVPHWKRGYHUVXVXVLQJWKHGHGXFWLRQ1LO
--2-m
TABLE DF 2- CAPITAL STRUCTURE
Qualitative Disclosures
Qualitative Disclosures
E
il nn il wil
il il w eim} d

ilil ` ilil
eim} w f w il
L
WKDWDUHIXOO\FRQVROLGDWHG
%DQN RI 0DKDUDVKWUD LV WKH WRS EDQN LQ WKH JURXS WR ZKLFK WKH
QHZFDSLWDODGHTXDF\IUDPHZRUNVDSSOLHV7KHEDQNKDVRQO\RQH
VXEVLGLDU\DVXQGHU
1DPHRIWKHVXEVLGLDU\

7KH0DKDUDVKWUD([HFXWRUDQG
7UXVWHH&RPSDQ\3YW/WG
&RXQWU\RI,QFRUSRUDWLRQ
,QGLD
3URSRUWLRQRIRZQHUVKLS

7KH DERYH VXEVLGLDU\ LV FRQVROLGDWHG DV SHU $FFRXQWLQJ 6WDQGDUG

LVVXHGE\WKH,QVWLWXWHRI&KDUWHUHG$FFRXQWDQWVRI,QGLD,&$,
LL
WKDWDUHSURUDWDFRQVROLGDWHG
7KHUH LV QR HQWLW\ LQ WKH JURXS ZKLFK LV FRQVROLGDWHG RQ SURUDWD
EDVLV
LLL WKDWDUHJLYHQDGHGXFWLRQWUHDWPHQW

1DPHRIWKHVXEVLGLDU\ 7KH0DKDUDVKWUD([HFXWRU

DQG7UXVWHH&RPSDQ\3YW/WG

1DPHRIWKH$VVRFLDWH
&RXQWU\RI,QFRUSRUDWLRQ ,QGLD
3URSRUWLRQRIRZQHUVKLS
0DKDUDVKWUD*UDPLQ%DQN
7KH DERYH HQWLW\ LV FRQVROLGDWHG DV SHU $FFRXQWLQJ 6WDQGDUG
LVVXHGE\,&$,
LY WKDW DUH QHLWKHU FRQVROLGDWHG QRU GHGXFWHG HJ ZKHUH WKH

LQYHVWPHQWLVULVNZHLJKWHG1LO
il wil}d} }il
wn
7KHQDPHRIWKHWRS%DQNLQWKHJURXSWRZKLFKWKHIUDPHZRUNDSSOLHV
%$1.2)0$+$5$6+75$
$Q RXWOLQH RI GLIIHUHQFHV LQ WKH EDVLV RI FRQVROLGDWLRQ IRU DFFRXQWLQJ DQG
UHJXODWRU\SXUSRVHVZLWKDEULHIGHVFULSWLRQRIWKHHQWLWLHVZLWKLQWKHJURXS
97
D
6XPPDU\ LQIRUPDWLRQ RQ WKH WHUPV DQG FRQGLWLRQV RI WKH PDLQ IHDWXUHV
RI DOO FDSLWDO LQVWUXPHQWV HVSHFLDOO\ LQ WKH FDVH RI FDSLWDO LQVWUXPHQWV
HOLJLEOHIRULQFOXVLRQLQ7LHURULQ8SSHU7LHU
7KH &DSLWDO 6WUXFWXUH RI WKH %DQN FRPSULVHV (TXLW\ 3UHIHUHQFH VKDUHV
5HVHUYHV 6XUSOXV DQG ,QQRYDWLYH 3HUSHWXDO %RQGV 7KH %DQN KDV
UDLVHG HTXLW\ FDSLWDO RI ` FURUH LQFOXGLQJ VKDUH SUHPLXP
WKURXJK DOORWPHQW RI HTXLW\ VKDUH FDSLWDO WR *RYHUQPHQW RI ,QGLD RQ
SUHIHUHQWLDOEDVLVGXULQJWKH\HDUDVXQGHU
ìl`LQ&URUHV
..
S.No.
Particulars
brgj {~
m gj l
cgkr m
gj
Date of
Allotment
No. of Shares
issued
Equity share
capital
Share
premium
Total

ilil
1.
*RYHUQPHQWRI,QGLD*R,
w il fl } il n h il il il

il e
,Q YLHZ RI WKH DERYH LQIXVLRQ RI VKDUH FDSLWDO WKH VKDUHKROGLQJ RI WKH *2,
KDVLQFUHDVHGWRDVRQ
il } ,, w d il

},ww ilheil il~ e
7KH %DQN KDV LVVXHG ,QQRYDWLYH 3HUSHWXDO %RQGV 7LHU FDSLWDO DQG DOVR
RWKHU ERQGV HOLJLEOH IRU LQFOXVLRQ LQ 7LHU FDSLWDO 7KH VRPH RI WKH LPSRUWDQW
WHUPVDQGFRQGLWLRQVRIWKHERQGVDUHJLYHQEHORZ
z |b{{gj {x{gjlzv |jb{ zzvrm
L
Fully Paid Up Unsecured, free of any restrictive clause Non-Convertible Subordinated Perpetual Bonds (Tier 1 Capital)

gj

`gjv
Series
Date of
Allotment
Amount
(` in crore)
l
gj
bx
b{z {
Coupon Rate
Tenor
Other Important Terms and conditions

ililil fil
il ilil
ilklilile
3HUSHWXDO

&DOO 2SWLRQ DW SDU RQ RU WKHUHDIWHU

RQ HDFK DQQLYHUVDU\ GDWH ZLWK SULRU DSSURYDO RI
5%,3XW2SWLRQ1RQH

ililil fil
ililil
klilile
3HUSHWXDO

&DOO 2SWLRQ DW SDU RQ RU WKHUHDIWHU

ZLWKSULRUDSSURYDORI5%,
3XW2SWLRQ1RQH

we

ilhil il

ililil il il il
hil e il

VW-XO\

SDIRUUVW\HDUV,IFDOORSWLRQLVQRW
H[HUFLVHGE\WKH%DQNRQWKHVWHSXS
FRXSRQUDWHRISDIRUVXEVHTXHQW\HDUV
,,

ilhil il

ililil il il il
h il e il

WK6HSW

SDIRUUVW<HDUV,IFDOORSWLRQLVQRW
H[HUFLVHGE\WKH%DQNRQWKHVWHSXS
FRXSRQUDWHRISDIRUVXEVHTXHQW\HDUV
ilw ilil ild &DOORSWLRQVVXEMHFWWR5%,JXLGHOLQHV

z |b{{gj {x{gjlzv |j{m gjgj b{gj~{zbrm
ii)
Fully paid up, unsecured, free of any restrictive clause redeemable with prior approval of RBI Subordinated (Upper Tier 2 Capital)

gj

`gjv
Series
Date of
Allotment
Amount
(` in crore)
l
gj
bx
b{z {
Coupon Rate
Tenor

dim}

ilh il d}il

il il il ilil
il dim} il d
ilh il e il

WK2FWREHU

H[HUFLVHGDIWHU\HDUVE\WKH%DQNIURPWKHGDWH
RIDOORWPHQWWKHERQGVVKDOOFDUU\VWHSXSFRXSRQ
UDWHRISDIRUWKHUHPDLQLQJSHULRGRI
\HDUVIURPWK2FWREHU
\HDUV

,,

ilhd}ilil
il il ilil il
il dilh
il e il

VW0DUFK

H[HUFLVHGE\WKH%DQNDIWHU\HDUVIURPWKHGDWHRI
DOORWPHQWWKHERQGVVKDOOFDUU\FRXSRQUDWHRI
SDIRUWKHUHPDLQLQJSHULRGRI\HDUVIURP
VW0DUFK
\HDUV

,,,

ilhd}ilil
il il ilil il
il dilh
il e il

98
ilild}ilil
ilil
ilililwil
klilile
&DOO 2SWLRQ &DQ EH H[HUFLVHG DW SDU E\ WKH
%DQN DIWHU \HDUV IURP WKH GDWH RI DOORWPHQW
3XW2SWLRQ1RQH
ilild}ilil
ililil
ililwil
klilile
&DOO 2SWLRQ &DQ EH H[HUFLVHG E\ WKH %DQN DIWHU
\HDUV IURP WKH GDWH RI DOORWPHQW ZLWK SULRU
DSSURYDORI5%,
3XW2SWLRQ1RQH
ilild}ilil
ililil
ililwil
klilile

gj

`gjv
Series
Date of
Allotment
Amount
(` in crore)

WK0DUFK

SDIRUUVW\HDUV,IFDOORSWLRQLVQRWH[HUFLVHG \HDUV
E\WKH%DQNDIWHU\HDUVIURPWKHGDWHRIDOORWPHQW

WKHERQGVVKDOOFDUU\FRXSRQUDWHRISDIRU

WKHUHPDLQLQJSHULRGRI\HDUVIURPWK0DUFK

3XW2SWLRQ1RQH
,9
we

ilhd}ilil
il il ilil il
we il dilh
il il

ilild}ilil
ililil
ililwil
klilile

WK-XO\

SDIRUUVW\HDUV,IFDOORSWLRQLVQRWH[HUFLVHG
E\WKH%DQNDIWHU\HDUVIURPWKHGDWHRIDOORWPHQW
WKHUHPDLQLQJSHULRGRI\HDUVIURPWK-XO\
\HDUV

ilhd}ilil
il il ilil il
il dilh
il il

WK6HSWHPEHU

H[HUFLVHGE\WKH%DQNDIWHUWKHHQGRIWK\HDUIURP
WKHGDWHRIDOORWPHQWWKHERQGVVKDOOFDUU\FRXSRQ
UDWHRISDIRUWKHUHPDLQLQJSHULRGRI\HDUV
IURPWK6HSWHPEHU
\HDUV

l

gj
bx
b{z {
Coupon Rate
Tenor
9,
l

ilhd}ilil
il il ilil il
l il dilh
il il

VW)HEUXDU\

SDIRUUVW\HDUV,IFDOORSWLRQLVQRWH[HUFLVHG
E\WKH%DQNDWWKHHQGRIWK\HDUIURPWKHGDWHRIDOORWPHQW
WKHUHPDLQLQJSHULRGRI\HDUVIURPVW)HEUXDU\
\HDUV


3XW2SWLRQ1RQH
ilild}ilil
ililil
ililwil
klilile
&DOO 2SWLRQ FDQEHH[HUFLVHGDWSDU E\ WKH %DQN
WKH HQG RI WK \HDU IURP WKH GDWH RI DOORWPHQW
3XW2SWLRQ1RQH
ilild}ilil
ililil
ililwil
klilile
&DOO 2SWLRQ FDQEHH[HUFLVHGDWSDU E\ WKH %DQN
WKH HQG RI WK \HDU IURP WKH GDWH RI DOORWPHQW
3XW2SWLRQ1RQH
ililil ild &DOORSWLRQVVXEMHFWWR5%,JXLGHOLQHV

iii) z |b{gj {x{gjlzv |jb{{zzvrm
Fully Paid-up, Unsecured, Free from Restrictive Clause, Non Convertible Redeemable Subordinated Bonds (Tier II Capital)
gj
bx

b{z {
Coupon Rate
Tenor

gj

`gjv
Series
Date of
Allotment
Amount
(` in crore)
9,,
we

wil iln
l d e il il } il
il il ilw ililw il
d d il il
ililil ilim

WK-XO\

SD

PRQWKV

7KHERQGVDUHUHGHHPDEOHRQPDWXULW\RIWKH
ERQGVRQO\ZLWKWKHSULRUDSSURYDORI5%,&ODLPV
RIWKHLQYHVWRUVLQVXFKWLHU,,%RQGVVKDOOUDQN
SDUULSDVVXZLWKWKHH[LVWLQJVXERUGLQDWHGGHEWV
RIWKH%DQN VXERUGLQDWHWRWKHFODLPVRIDOO
RWKHUFUHGLWRUV GHSRVLWRUV
9,,,
w

d il il il il

w d l
il il il im

WK-DQXDU\

SD

PRQWKV

%RQGV ZRXOG FRQVWLWXWH GLUHFW XQVHFXUHG DQG

VXERUGLQDWHG REOLJDWLRQV RI WKH EDQN ZLWKRXW DQ\
SUHIHUHQFH DPRQJ WKHPVHOYHV 7KH ERQGV DUH
UHGHHPDEOH RQ PDWXULW\ RQO\ ZLWK WKH SULRU
DSSURYDORI5%,
l

99

gj

`gjv
Series
Date of
Allotment
Amount
(` in crore)
,;

l

WK6HSWHPEHU

VW'HFHPEHU

gj
bx
b{z {
Coupon Rate
Tenor

d il ilw

il il il il il

SD

klilile
PRQWKV 6XERUGLQDWHG WR WKH FODLPV RI RWKHU FUHGLWRUV

VKDOO QRW EH UHGHHPDEOH DW WKH LQLWLDWLYH RI WKH

KROGHURUZLWKRXWWKHFRQVHQWRIWKH5%,

SD

7KHUHLVQRFDOODQGSXWRSWLRQ
d il ilw

il il il il il

klilile
PRQWKV 6XERUGLQDWHGWRWKHFODLPVRIRWKHUFUHGLWRUV

VKDOOQRWEHUHGHHPDEOHDWWKHLQLWLDWLYHRIWKH

KROGHURUZLWKRXWWKHFRQVHQWRIWKH5%,
7KHUHLVQRFDOODQGSXWRSWLRQ
--3m {{

il w il il il d w il d
il il wn il h il w
e n e il wild d il il
e il il w il il d dil w
kldehhil dde ilil w
dld ilddildil w
il il d wn le w il il il
hd kl dkleildfil ilil
ilfilil wn ilhw dil
le il d il f w e n il il il
il h w h n il il d
dilw e n wil
w il il il d il e w
,, il d w d il il il h w wn il h
ilil }ilwnilhilil}ild
wnilh ilil}ilil d
il ,, il f }il il il kl il eil
wndw d ilf}il nwn
dh fdil}d}ilhldedhhdedh
il wn il }il d f }il
}hhhhhwwn dil}ildehh
Table DF-3 CAPITAL ADEQUACY
{m bgj{{ gjz {
3UXGHQWLDORRUOLPLWIRUPLQLPXPFDSLWDOUHTXLUHPHQW
w ilw e w ilil

ildiln w w n fil
il n e
7KH JXLGHOLQHV IRU LPSOHPHQWDWLRQ RI WKH 1HZ &DSLWDO $GHTXDF\ )UDPHZRUN
LVVXHG E\ 5%, VWLSXODWHV KLJKHU RI WKH IROORZLQJ DPRXQWV DV PLQLPXP FDSLWDO
UHTXLUHGWREHPDLQWDLQHGE\WKH%DQN
il w d wn ,, il d

w
Qualitative Disclosures:
7KH %DQN LV VXEMHFWHG WR WKH &DSLWDO $GHTXDF\ JXLGHOLQHV VWLSXODWHG E\
5%, $GHTXDWH FDSLWDO LV PDLQWDLQHG E\ WKH %DQN DV D FXVKLRQ IRU FRYHULQJ
WKH ULVN RI ORVV LQ YDOXH RI H[SRVXUH EXVLQHVVHV HWF VR DV WR SURWHFW WKH
GHSRVLWRUVJHQHUDOFUHGLWRUVDQGVWDNHKROGHUVDJDLQVWVXFKORVVHV7KH%DQN
KDV HYROYHG DQG SXW LQ SODFH D %RDUG DSSURYHG ,QWHUQDO &DSLWDO $GHTXDF\
$VVHVVPHQW 3URFHVV ,&$$3 IUDPHZRUN $VVHVVPHQW DQG UHYLHZ RI %DQNV
FDSLWDOUHTXLUHPHQWVDUHFDUULHGRXWDWSHULRGLFDOLQWHUYDOV
7KH %DQN KDV D SURFHVV IRU DVVHVVLQJ LWV RYHUDOO &DSLWDO $GHTXDF\ LQ
UHODWLRQ WR LWV ULVN SUROH HFRQRPLF HQYLURQPHQW UHJXODWRU\ UHTXLUHPHQW DQG
WKH SURFHVV SURYLGHV DQ DVVXUDQFH WKDW WKH %DQN KDV DGHTXDWH FDSLWDO WR
VXSSRUW DOO ULVNV LQ LWVEXVLQHVV DQG DQ DSSURSULDWH FDSLWDO EXIIHU EDVHG RQ LWV
EXVLQHVVSUROH7KH%DQNKDVDSROLF\WRPDLQWDLQFDSLWDOWRWDNHFDUHRIWKH
IXWXUH JURZWK LQ EXVLQHVV VR WKDW WKH PLQLPXP FDSLWDO UHTXLUHG LV PDLQWDLQHG
RQFRQWLQXRXVEDVLV
,QOLQHZLWKWKHJXLGHOLQHVRIWKH5%,WKH%DQNKDVDGRSWHGWKH6WDQGDUGL]HG
$SSURDFK IRU &UHGLW 5LVN %DVLF ,QGLFDWRU $SSURDFK IRU 2SHUDWLRQDO 5LVN
DQG 6WDQGDUGL]HG 'XUDWLRQ $SSURDFK IRU 0DUNHW 5LVN IRU FRPSXWLQJ &DSLWDO
$GHTXDF\5DWLRXQGHU1HZ&DSLWDO$GHTXDF\)UDPHZRUN%DVHO,,
%DQNLVLQWKHSURFHVVRIPLJUDWLQJWRWKH$GYDQFHG$SSURDFKHVRIWKH%DVHO
,, IUDPHZRUN VR DV WR HQKDQFH LWV 5LVN DQG &DSLWDO 0DQDJHPHQW FDSDELOLWLHV
$GYDQFHG DSSURDFKHV LQFOXGH )RXQGDWLRQ DQG $GYDQFHG ,QWHUQDO 5DWLQJV
%DVHG $SSURDFK ),5%$ $,5%$ IRU &UHGLW 5LVN 7KH 6WDQGDUGL]HG
$SSURDFK DQG $GYDQFHG 0HDVXUHPHQW $SSURDFK 76$ $0$ IRU
2SHUDWLRQDO5LVNDQG,QWHUQDO0RGHOV$SSURDFK,0$IRU0DUNHW5LVN
D 0LQLPXP FDSLWDO DV SHU %DVHO ,, QRUPV IRU &UHGLW 0DUNHW DQG
2SHUDWLRQDO5LVN
n dwwn , ildw il
E RI 0LQLPXP FDSLWDO DV SHU %DVHO , QRUPV IRU &UHGLW DQG
0DUNHWULVNV
, il d il il n w w

, il d w dil il d ` il
,, ild ` il w dil
7KHPLQLPXPFDSLWDOUHTXLUHGWREHPDLQWDLQHGE\WKH%DQNDVRQ 0DUFK

LV RI WKH FDSLWDO UHTXLUHPHQW XQGHU %DVHO , QRUPV LH `
&URUH RU FDSLWDO UHTXLUHPHQW DV SHU %DVHO ,, QRUPV LH ` &URUH
ZKLFKHYHULVKLJKHU
il il n e il w } d }

il w il dil
+RZHYHU WKH DFWXDO FDSLWDO 7LHU DQG7LHU PDLQWDLQHG E\ WKH %DQN DV RQ
0DUFKLV`&URUHZKLFKLVDERYHWKHSUXGHQWLDORRUOLPLW
100
Quantitative Disclosures:
`LQ&URUH
ìl
31.03.2013
gj

l

lmlgjrgjz
L il}il#ild
LL il
lml{ gjm
mmlgjbxrgjz
L wwn
LL eim} wn
LLL wn
mml { gjm
ml{gj{gjrgjz
ml { gjm
gjbcgj ~b gjfm b{

dhd
dhd}w
dhd},,w

dhd
dhd}w
dhd},,w
(
dgj{gj gjbx
dhd
dhd}w
dhd},,w

31.03.2013
(a) CREDIT RISK (Standardised Approach)

L
3RUWIROLRVVXEMHFWWRVWDQGDUGL]HGDSSURDFK#
LL
6HFXULWL]DWLRQH[SRVXUH

Total capital charge for credit risks (i+ii)

5807.93
E 0$5.(75,6.6WDQGDUGL]HG'XUDWLRQ$SSURDFK

L
,QWHUHVW5DWH5LVN
LL
(TXLW\3RVLWLRQ5LVN
LLL
)RUHLJQ([FKDQJH5LVNLQFOXGLQJJROG
Total capital charge for market risks (i+ii+iii)

214.46
(c) OPERATIONAL RISK (Basic Indicator Approach)

Total capital charge for operational risks
452.16
(d) The Capital ratios of the bank and subsidiaries are:

Bank of Maharashtra

&5$5
&5$57LHU,&DSLWDO

&5$57LHU,,&DSLWDO

Consolidated Group

&5$5
&5$57LHU,&DSLWDO

&5$57LHU,,&DSLWDO

)RUVLJQLFDQWEDQNVXEVLGLDULHVVWDQGDORQHRUVXEFRQ
VROLGDWHGGHSHQGLQJRQKRZWKH)UDPHZRUNLVDSSOLHG
&5$5
1$
&5$57LHU,&DSLWDO
1$
&5$57LHU,,&DSLWDO
1$
--4 }zmlgjr
Table DF-4 GENERAL DISCLOSURES FOR CREDIT RISK
}zml
wn il il fild il d
f wndililil f
d fild il n d
il il wn
wnfdilwnw dhhilwwn
d ilililwildm}eil wwn
Credit Risk:

il wn il d il wn il
il d il fe
e wn il w il w d e
il ilililil fd il w il
d dddilil wnilil
dilil ilhil il
Policy & Strategy
il ilild n il

f d
wn
wnilildil
dwn
f d wn il w il
il d w kld d il il wil
il fe w wn il d fil
7KH%DQNKDVSXWLQSODFHWKHIROORZLQJSROLFLHVDSSURYHGE\WKH%RDUG
&UHGLW 5LVN LV UHODWHG WR WKH ORVVHV DVVRFLDWHG ZLWK GLPLQXWLRQ LQ WKH FUHGLW
TXDOLW\ RI ERUURZHUV RU FRXQWHUSDUWLHV LQ D EDQNV SRUWIROLR &UHGLW ULVN DULVHV
PRVWO\IURPOHQGLQJDFWLYLWLHVRIWKHEDQNDQGLWHPDQDWHVIURPFKDQJHVLQWKH
FUHGLWTXDOLW\ZRUWKLQHVVRIWKHERUURZHUVRUFRXQWHUSDUWLHV&UHGLW5LVNLVDQ
DJJUHJDWLRQ RI 7UDQVDFWLRQ 5LVN ULVN LQ YDULRXV FUHGLW SURSRVLWLRQV ,QGXVWU\
DQG %XVLQHVV OLQH ULVN ZKHUHLQ DGYDQFHV DUH OHQW *HRJUDSKLF &RQFHQWUDWLRQ
5LVNDQGW\SHVRIFUHGLWVXFKDVORDQV&DVKFUHGLWRYHUGUDIWVHWF
7KH %DQN KDV EHHQ IROORZLQJ D FRQVHUYDWLYH ULVN SKLORVRSK\ 7KH LPSRUWDQW
DVSHFWV RI WKH ULVN SKLORVRSK\ DUH HPERGLHG LQ YDULRXV SROLFLHV FLUFXODUV
JXLGHOLQHV HWF 7KH EXVLQHVV REMHFWLYHV DQG WKH VWUDWHJ\ RI WKH EDQN LV
GHFLGHG WDNLQJ LQWR DFFRXQW WKH SURW FRQVLGHUDWLRQV WKH OHYHO RI YDULRXV
ULVNV IDFHG OHYHO RI FDSLWDO PDUNHW VFHQDULR DQG FRPSHWLWLRQ 7KH %DQN LV
FRQVFLRXV RI LWV DVVHW TXDOLW\ DQG HDUQLQJV DQG MXGLFLRXVO\ PDWFKHV SURW
PD[LPL]DWLRQZLWKULVNFRQWURO
L
/HQGLQJ /RDQ5HYLHZ3ROLF\
LL
5LVN0DQDJHPHQW3ROLF\
LLL
&UHGLW5LVN0LWLJDWLRQ7HFKQLTXHV &ROODWHUDO0DQDJHPHQW
LY
,QYHVWPHQW0DQDJHPHQW3ROLF\ ,QYHVWPHQW5LVN0DQDJHPHQW3ROLF\
7KH /HQGLQJ /RDQ 5HYLHZ 3ROLF\ 5LVN 0DQDJHPHQW 3ROLF\ GRFXPHQWV

GHQH RUJDQL]DWLRQDO VWUXFWXUH UROH DQG UHVSRQVLELOLWLHV DQG WKH SURFHVVHV
DQG WRROV ZKHUHE\ WKH FUHGLW ULVNV FDUULHG E\ WKH %DQN FDQ EH LGHQWLHG
101

il w il d f il il fil d wn
d}e}ildlil ilwilil d
d il il wn il f
d il il f il wn
ilil d il ,, lil il d
wn il h il il il
dwnilil wnildd
}zmlxgjft{gjy
wnil ilhililil
wn il il il h il il il wn
dh wn il h d
il wn wn il
il wn il n il il d
wnilililildilil wnil
ililwnd
wn d il d il wn
ilnilil nwndil
}zmlxgjfz ijf x
: il il kl} dw il h il dl
} il wil d nn d
kl wn dil dil d
il w il
: hil fil h h d im}
f d wn h il
d il il w
: nd il il h
il il ilhd
il il il h fl }
d il d il d il h h il
hwilhil
m bxgjil il w hililil
il d w w il il il d
} il il d d w il wil il il
fw dil ilwil
}z ml {ij gj ij il d wn il
fil d il wn il h
d il w il il il hil w dil wn }
d ilil ild klh wn
}hililkl w ilil il dd
il d il kl il hil
w il il il il il il d
il il wn d il d
d il il il il n
il h wn } il il dh il
wn } il il h d e h }il dil
il m} il fil n il il fild il
wn}il eklililfilil
il wnilil il wn}ild
il h hil d w fil il } il il il hil
il w il } fild d
f ilhilwn}il w
TXDQWLHG DQG PDQDJHG ZLWKLQ WKH IUDPHZRUN WKDW WKH %DQN FRQVLGHUV
FRQVLVWHQW ZLWK LWV PDQGDWH DQG ULVN DSSHWLWH 7KH SROLFLHV SUHVFULEH YDULRXV
SUXGHQWLDO DQG H[SRVXUH OLPLWV FROODWHUDO VWDQGDUGV QDQFLDO EHQFKPDUNV IRU
WKH SXUSRVH RI FUHGLW ULVN PDQDJHPHQW 7KH SROLF\ RQ &UHGLW 5LVN 0LWLJDWLRQ
7HFKQLTXHV &ROODWHUDO 0DQDJHPHQW OD\V GRZQ WKH GHWDLOV RI HOLJLEOH
FROODWHUDOV IRU FUHGLW ULVN PLWLJDWLRQ XQGHU %DVHO ,, IUDPHZRUN 7KH ,QYHVWPHQW
0DQDJHPHQW 3ROLF\ ,QYHVWPHQW 5LVN 0DQDJHPHQW 3ROLF\ IRUPV DQ LQWHJUDO
SDUWRIFUHGLWULVNLQWKH%DQN
2UJDQL]DWLRQDO6WUXFWXUHIRU&UHGLW5LVN0DQDJHPHQW
7KHRUJDQL]DWLRQDOVWUXFWXUHRIWKH%DQNIRU&UHGLW5LVN0DQDJHPHQWIXQFWLRQ
KDV WKH %RDUG RI 'LUHFWRUV DW WKH DSH[ OHYHO WKDW KDV WKH RYHUDOO RYHUVLJKW
RI PDQDJHPHQW RI ULVNV 7KH 5LVN 0DQDJHPHQW &RPPLWWHH RI WKH %RDUG
50& GHYLVHV WKH SROLF\ DQG VWUDWHJ\ IRU ,QWHJUDWHG 5LVN 0DQDJHPHQW $W
RSHUDWLRQDO OHYHO WKH &UHGLW 5LVN 0DQDJHPHQW &RPPLWWHH &50& PDQDJHV
WKHFUHGLWULVN7KHPDLQIXQFWLRQVRIWKH&50&LQFOXGHLPSOHPHQWDWLRQRIWKH
FUHGLWULVNSROLF\DSSURYHGE\WKH%RDUGPRQLWRULQJFUHGLWULVNRQDEDQNZLGH
EDVLV DQG HQVXUH DGKHUHQFH WR WKUHVKROG ULVN OLPLWV DSSURYHG E\ WKH %RDUG
5LVN 0DQDJHPHQW &RPPLWWHH 7KH ,QWHJUDWHG 5LVN 0DQDJHPHQW 'HSDUWPHQW
LVKHDGHGE\WKH&KLHI5LVN2IFHURI*HQHUDO0DQDJHU5DQN
Systems / Process / tools for Credit Risk Management
Credit Appraisal standards : 7KH %DQN KDV LQ SODFH SURDFWLYH FUHGLW ULVN
PDQDJHPHQW SUDFWLFHV OLNH FRQVLVWHQW VWDQGDUG IRU WKH FUHGLW RULJLQDWLRQ
PDLQWHQDQFH DQG GRFXPHQWDWLRQ IRU DOO FUHGLW H[SRVXUHV LQFOXGLQJ RII EDODQFH
VKHHW LWHPV 6\VWHPV RI SHULRGLF UHYLHZV SHULRGLF LQVSHFWLRQV DQG FROODWHUDO
PDQDJHPHQWV\VWHPVDUHLQSODFH
Exposure Limits : &UHGLW ULVN OLPLWV LQFOXGLQJ VLQJOH JURXS ERUURZHU OLPLWV
VXEVWDQWLDO H[SRVXUH OLPLWV H[SRVXUH OLPLWV LQ UHVSHFW RI VHFWRUV LQGXVWULHV
DUHLQSODFH7KHH[SRVXUHYLVjYLVWKHOLPLWVDUHPRQLWRUHG
Credit Approval Grids : &UHGLW $SSURYDO *ULGV KDYH EHHQ FRQVWLWXWHG DW
YDULRXV OHYHOV FRYHULQJ YHU\ ODUJH EUDQFKHV 5HJLRQDO RIFHV +HDG 2IFH
IRU FRQVLGHULQJ IUHVK H[LVWLQJ SURSRVDOV ZLWK RU ZLWKRXW HQKDQFHPHQW $
VWUXFWXUHQDPHO\1HZ%XVLQHVV*URXS1%*LVLQSODFHDW+HDG2IFHOHYHO
IRU FRQVLGHULQJ LQSULQFLSOH DSSURYDO IRU WDNLQJ XS IUHVK FUHGLW SURSRVDO DERYH
DVSHFLHGFXWRII
Sanctioning Powers : 7KH %DQN IROORZV D ZHOOGHQHG PXOWLOD\HUHG
GLVFUHWLRQDU\SRZHUVWUXFWXUHIRUVDQFWLRQRIORDQV+LJKHUVDQFWLRQLQJSRZHUV
DUHGHOHJDWHGWRVDQFWLRQLQJDXWKRULWLHVIRUVDQFWLRQLQJORDQVDQGDGYDQFHVWR
EHWWHUUDWHGFXVWRPHUVLQOLQHZLWK5%,JXLGHOLQHV
Credit Risk Rating and Appraisal Process : 7KH %DQN PDQDJHV LWV FUHGLW
ULVN WKURXJK FRQWLQXRXV PHDVXULQJ DQG PRQLWRULQJ RI ULVNV DW HDFK REOLJRU
ERUURZHU DQG SRUWIROLR OHYHO 7KH %DQN KDV LQ SODFH DQ LQWHUQDO FUHGLW ULVN
UDWLQJIUDPHZRUNDQGZHOOHVWDEOLVKHGVWDQGDUGL]HGFUHGLWDSSUDLVDODSSURYDO
SURFHVVHV&UHGLWULVNUDWLQJHQDEOHVWKH%DQNWRDFFXUDWHO\DVVHVVWKHULVNLQ
DFUHGLWSURSRVLWLRQDQGWDNHDGHFLVLRQWRDFFHSWRUUHMHFWWKHSURSRVDOEDVHG
RQ WKH ULVN DSSHWLWH RI WKH %DQN ,W DOVR HQDEOHV ULVN SULFLQJ RI FUHGLW IDFLOLWLHV
IRU ULVN UHWXUQ WUDGH RII 7KH %DQN KDV GHYHORSHG DQG SXW LQ SODFH FUHGLW ULVN
UDWLQJPRGHOVIRUUHWDLOORDQVDOVR7KH%DQNKDVLQKRXVHGHYHORSHGVRIWZDUH
IRUXQGHUWDNLQJFUHGLWULVNUDWLQJZKLFKLVDYDLODEOHRQWKH:LGH$UHD1HWZRUN
:$1 RI WKH %DQN IDFLOLWDWLQJ LQVWDQW DFFHVV E\ WKH %UDQFKHV )LHOG 2IFHV
IRUXQGHUWDNLQJFUHGLWULVNUDWLQJRIERUURZHUV
$V D PHDVXUH RI UREXVW FUHGLW ULVN PDQDJHPHQW SUDFWLFHV WKH %DQN KDV
LQ SODFH D IUDPHZRUN IRU DSSURYDO RI FUHGLW ULVN UDWLQJV 5DWLQJ IRU HYHU\
ERUURZHU LV UHYLHZHG DW OHDVW RQFH LQ D \HDU &UHGLW SRUWIROLR TXDOLW\ LV
PRQLWRUHGE\XQGHUWDNLQJELDQQXDOFUHGLWULVNUDWLQJIRUKLJKYDOXHH[SRVXUHV
DQG LQIHULRU UDWHG ERUURZHUV &UHGLW ULVN UDWLQJ DV D FRQFHSW KDV EHHQ ZHOO
LQWHUQDOL]HGLQWKH%DQN
:il ilf
/RDQ UHYLHZ 0HFKDQLVP 7KH REMHFWLYHV RI WKH /RDQ 5HYLHZ 0HFKDQLVP LQ
SODFHLQWKH%DQNDUH

L
7R HQVXUH WKDW FUHGLW GHFLVLRQV E\ YDULRXV DXWKRULWLHV DUH LQ FRQIRUPLW\
ZLWKWKH%DQNV/HQGLQJ3ROLF\DQGGHOHJDWHGOHQGLQJSRZHUV
LL
7R HQVXUH WKDW VWLSXODWHG WHUPV FRQGLWLRQV RI VDQFWLRQ DUH FRPSOLHG
ZLWK DQG YDULRXV SRVW VDQFWLRQ IROORZ XS PRQLWRULQJ DQG VXSHUYLVLRQ
PHDVXUHVSUHVFULEHGE\WKH%DQNDUHDGKHUHGWR
LLL
7RHQVXUHWKDWDOOFUHGLWIDFLOLWLHVDUHUHYLHZHGUHQHZHGZHOOLQWLPHVR
DV WR UHYLVH WKH ULVN SHUFHSWLRQ DQG WDNH QHFHVVDU\ FRUUHFWLYH DFWLRQ LI
QHFHVVDU\LPPHGLDWHO\

il il f d w f dil il d

il wilil
w il d ildil fd
dil f ilil
d il il il il
wn d il il dil il il
ilfil
102

dil ilhn ddwild

il il n il dwil d il il}f
ilil dilwil

il il il il w il d eil wil

fil
LY
7R DLP DW DFKLHYLQJ PDLQWHQDQFH RI VWDQGDUG DVVHWV TXDOLW\ DQG
LPSURYHPHQW LQ QRQSHUIRUPLQJ DVVHWV 13$V VR DV WR KDYH D
IDYRXUDEOH LPSDFW RQ SURWDELOLW\ RI WKH %DQN WKURXJK SUHYHQWLRQ
UHGXFWLRQXSJUDGDWLRQRI13$V
Y
7R DVVHVV WKH KHDOWK RI FUHGLW SRUWIROLR RI WKH %DQN DQG WR DSSULVH WKH
7RS0DQDJHPHQWDERXWWKHVDPHIURPWLPHWRWLPH
ilhwdil w ilil wn

il dilwn} il }il wilil
wn } il d il il il il n
e } ilh h d il
ilhh dil il il ilhf
hilililhn dil
ilw ilw wil ilwil
&KHFNV DQG EDODQFHV YL] VHSDUDWLRQ RI FUHGLW ULVN PDQDJHPHQW IURP FUHGLW
VDQFWLRQVV\VWHPRIDVVLJQLQJFUHGLWULVNUDWLQJYHWWLQJRIUDWLQJVPHFKDQLVP
WR SULFH FUHGLW IDFLOLWLHV GHSHQGLQJ RQ ULVN UDWLQJ RI FXVWRPHU FUHGLW DXGLW HWF
DUHLQSODFH0LQLPXPHQWU\OHYHOUDWLQJEHQFKPDUNVDUHVWLSXODWHG$VXLWDEOH
PHFKDQLVP LV LQ SODFH WR PRQLWRU DJJUHJDWH H[SRVXUH RQ RWKHU EDQNV DQG
FRXQWU\H[SRVXUHV$GLYHUVLHGFUHGLWSRUWIROLRLVPDLQWDLQHGDQGDV\VWHPWR
FRQGXFW UHJXODU DQDO\VLV RI SRUWIROLR VR DV WR HQVXUH RQJRLQJ FRQWURO RI FUHGLW
FRQFHQWUDWLRQLVLQSODFH
{ f bmgj}z

d d il d il il il
dildd il n il dwild w
z il w d il il dil il
d d
z dm}il il n
d

z n d w il dil il d
d
z il d il w d il il l
il d l il d hil l d
l ild
z
dn il dilil d dile il
z il il w w il d il
il
Loans past due and Impaired:
:hilndw ww d

dil n il dil h w
n ilwdil ddil il il n
il il ilile ilw e n
w il d il il w w il il il il il h
eililn il dwh
Out of Order status : $Q DFFRXQW LV WUHDWHG DV

RXW RI RUGHU
LI WKH
RXWVWDQGLQJ EDODQFH UHPDLQV FRQWLQXRXVO\ LQ H[FHVV RI WKH VDQFWLRQHG OLPLW
GUDZLQJ SRZHU ,Q FDVHV ZKHUH WKH RXWVWDQGLQJ EDODQFH LQ WKH SULQFLSDO
RSHUDWLQJ DFFRXQW LV OHVV WKDQ WKH VDQFWLRQHG OLPLWGUDZLQJ SRZHU EXW WKHUH
DUH QR FUHGLWV FRQWLQXRXVO\ IRU GD\V DV RQ WKH GDWH RI %DODQFH 6KHHW RU
FUHGLWV DUH QRW HQRXJK WR FRYHU WKH LQWHUHVW GHELWHG GXULQJ WKH VDPH SHULRG
WKHVHDFFRXQWVDUHDOVRWUHDWHGDV
RXWRIRUGHU

: il il d il il ile il

il il w f dw
2YHUGXH$Q\DPRXQWGXHWRWKHEDQNXQGHUDQ\FUHGLWIDFLOLW\LVRYHUGXHLILW
LVQRWSDLGRQWKHGXHGDWH[HGE\WKHEDQN
:
il ililwndddd
d
ìl
il
il
7KH UHJXODWRU\ JXLGHOLQHV DUH DGKHUHG WR LQ UHVSHFW RI LQFRPH UHFRJQLWLRQ
DVVHW FODVVLFDWLRQ DQG SURYLVLRQLQJ WKH %DQN FRQVLGHUV IROORZLQJ FDWHJRULHV
RIORDQVDQGDGYDQFHVDV1RQSHUIRUPLQJ$VVHWVZKHUHLQ
z
,QWHUHVW DQGRU LQVWDOOPHQW RI SULQFLSDO UHPDLQ RYHUGXH IRU D SHULRG RI
PRUHWKDQGD\VLQUHVSHFWRID7HUP/RDQ
z
7KH DFFRXQW UHPDLQV RXW RI RUGHU LQ UHVSHFW RI DQ 2YHUGUDIW&DVK &UHGLW
2'&&
z
7KHELOOUHPDLQVRYHUGXHIRUDSHULRGRIPRUHWKDQGD\VLQWKHFDVHRI
%LOOV3XUFKDVHGDQG'LVFRXQWHG
z
,Q FDVH RI DJULFXOWXUDO DGYDQFHV LQWHUHVW DQGRU LQVWDOOPHQW RI SULQFLSDO
UHPDLQVRYHUGXHIRUFURSVHDVRQVLQUHVSHFWRIVKRUWGXUDWLRQFURSV
FURSVHDVRQLQUHVSHFWRIORQJGXUDWLRQFURSV
z
$Q\DPRXQWUHFHLYDEOHWKDWUHPDLQVRYHUGXHIRUDSHULRGRIPRUHWKDQ
GD\VLQUHVSHFWRIRWKHUDFFRXQWV
D
7RWDO JURVV FUHGLW ULVN H[SRVXUHV )XQG EDVHG DQG 1RQIXQG EDVHG
VHSDUDWHO\
`LQ&URUH

)XQGHG

1RQ)XQGHG

n il il d d d d
d
E
*HRJUDSKLF GLVWULEXWLRQ RI H[SRVXUHV )XQG EDVHG DQG 1RQIXQG EDVHG

VHSDUDWHO\
,
,
2YHUVHDV
il
il
,,
ìl
`LQ&URUH
,,
)XQGHG
1LO
1RQ)XQGHG
1LO
'RPHVWLF
`LQ&URUH
ìl
il
il

il f d d il d d
d
F
103
)XQGHG

1RQ)XQGHG

,QGXVWU\ W\SH GLVWULEXWLRQ RI H[SRVXUHV IXQG EDVHG DQG QRQIXQG EDVHG
VHSDUDWHO\
gj dxgjf xgj

Industry wise Exposure - FUNDED & NON FUNDED EXPOSURE As On 31-MAR-2013
ìl`LQ&URUHV
ij
d
xgj
xgj
Sr.No.
INDUSTRY
FUNDED EXPOSURE Amt
NON FUNDED EXPOSURE Amt
1
2
3
4
5

7

11
12
13
14
15

17

21
22
23
24

25

27

iln &RDO 0LQLQJ

e ,URQ 6WHHO
d f 2WKHU0HWDO 0HWDO3URGXFWV
dil $OO(QJLQHHULQJ
eim}il (OHFWURQLFV
4.1
4.2
d 2WKHU
eim}} (OHFWULFLW\
&RWWRQ7H[WLOHV
} -XWH7H[WLLOHV
d 2WKHU7H[WLOHV
6XJDU
7HD
nil )RRG3URFHVVLQJ
9HJ2LO
il 7REDFFR
ilwilwf 3DSHU 3DSHU3URGXFWV
5XEEHU
e}d &KHPLFDO'\HV3DLQWV
fil )HUWLOL]HUV
} 3HWURFKHPLFDOV
dw 'UXJV3KDUPDFHXWLFDOV
d &KHPLFDOV2WKHUV
} &HPHQW
/HDWKHU
dw *HPV -HZHOOHU\
&RQVWUXFWLRQ
} 3HWUROHXP
d}e $XWRPRELOHV
il}y &RPSXWHU6FLHQFH
d ,QIUD6WUXFWXUH
24.1 gw 3RZHU
24.2 }il 7HOHFRP
24.3 il 5RDGV 3RUWV
24.4 d +RVSLWDO
24.5 (GXFDWLRQ
dd 2WKHU,QIUD6WUXFWXUH
hhl 1%)&
7UDGLQJ
df 2WKHU,QGXVWU\
iln 7RWDO)RRG&UHGLW
d}dd 5HVLGXDU\

gjmv GRAND TOTAL
87,569.32
filildilil dil
ìl
12,855.26
,1'8675< :,6( (;32685( ,6 025( 7+$1 2) *5266 )81'('
121)81'('(;32685(
`LQ&URUHV

75$',1*

hhl

1%)&

,1)5$6758&785(

104
() :
gk{

dilil il
dilil il
dilil il
dilil il
dil
()
(d)
ìl

76397.18

31497.73
bmgjb{ / bmgj
il

gjbmgjb{
dil

n bmgjb{
bmgjb{b{
ild ildwild
d dwild
bmgjb{ gj {{gj
L il
LL wdil
LLL }hdilil
d il dLLLLLL
bmgjb{ { x gj {{
L il
LL dilil
LLL dilil }} n
LY dil iln
dLLLLLLLY
bmgjfbc
~ bmgj { x
w { x gj {{
L il
LL dilil
LLL dilil }} n
LY ildil l
(i + ii - iii - iv)
The Residual Maturity break-down of Assets as on 31.03.2013:

`LQ&URUH
Maturity Pattern

8071.90
Advances
Investments

GD\
WRGD\V
WRGD\V

WRGD\V

GD\VWRPRQWKV

2YHUPRQWKVDQGXSWRPRQWKV

2YHUPRQWKVDQGXSWR\HDU

2YHU\HDUDQGXSWR\HDUV

2YHU\HDUVDQGXSWR\HDUV

76397.18
31497.73
2YHU\HDUV
Total
ìl
31.3.2013
Foreign
Currency
Assets
(e)
8071.90
`LQ&URUH
NPA / NPI
Particulars
31.03.2013
D Gross NPA

1137.55

6XEVWDQGDUG

'RXEWIXO

'RXEWIXO

'RXEWIXO
/RVV

Total
E Net NPA
1137.55

F NPA Ratios

RI*URVV13$VWR*URVV$GYDQFHV

RI1HW13$VWR1HW$GYDQFHV

L
2SHQLQJ%DODQFH
LL
$GG$GGLWLRQGXULQJWKHSHULRG
LLL
/HVV5HGXFWLRQGXULQJWKHSHULRG
G The movement of Gross NPA
&ORVLQJEDODQFHDVDWWKHHQGRIWKH\HDULLLLLL

1137.55
H The movement of provision for NPAs

L
2SHQLQJ%DODQFH

LL
3URYLVLRQVPDGHGXULQJWKHSHULRG

LLL
:ULWHRIIPDGHGXULQJWKHSHULRG

LY
:ULWHEDFNRIH[FHVVSURYLVLRQV
&ORVLQJEDODQFHLLLLLLLY

I Non Performing Investments (NPI)

J Provisions for NPI

K The movement of provision for depreciation on

investments

67.41
L
2SHQLQJEDODQFH
LL
3URYLVLRQVPDGHGXULQJWKHSHULRG
LLL
:ULWHEDFNGXULQJWKH\HDU
LY
3URYLVLRQXVHGZKLOHVKLIWLQJVHFXULWLHV
Closing balance (i + ii - iii - iv)
--5 }zmlgjgj{rgjzgjbx

1LO

67.41
Table DF-5 CREDIT RISK: PORTFOLIOS SUBJECT TO THE

STANDARDISED APPROACH

ilil}ilild ilh
ilil }il il d il wn } il h w il

d n ehde il } il il il d w h
}f wnd ilil h }ilf
il
8QGHU6WDQGDUGLVHG$SSURDFK%DQNDFFHSWVUDWLQJRIIROORZLQJ5%,DSSURYHG
(&$, ([WHUQDO &UHGLW $VVHVVPHQW ,QVWLWXWLRQ IRU FUHGLW ULVN UDWLQJ DQG KDV
XVHG WKHVH UDWLQJV IRU FDOFXODWLQJ ULVN ZHLJKWHG DVVHWV ZKHUHYHU VXFK UDWLQJV
DUHDYDLODEOH
)RUSRUWIROLRVXQGHUWKH6WDQGDUGLVHG$SSURDFK
105

kl}}}kl

&UHGLW5DWLQJ,QIRUPDWLRQ6HUYLFHVRI,QGLD/LPLWHG&5,6,/

kl}hh }

&UHGLW$QDO\VLVDQG5HVHDUFKOLPLWHG&$5(

hlde}he

),7&+,QGLD

dedh}

,&5$/LPLWHG

ilil

%ULFNZRUN

hhe }hw dle

ililwilhkl}}hw ilfil
` il dilil ilil ilhfl hw
ildil
wil } il il d d
f e e klil
il w il il il d fild e
dfililflil kl}}hw e }
il f il il w il il il ~ il
e }e il wh
w f il il il } il f
fild il wn il il h il w wil
}fwililil } }il il
h }ilfil
il hil fil il hil hil kl} } hw d
d } hw il f il w il il
il } e kl}}hw il hil
il e eildhil il d il
}il d}}ilfilf ild
il kl}}ilh il
il w d il il w d
h wn il il h il }
ilfilw
kl} } hw e } il il il il
il il il d
il

ilil }il il d wn il f wn il}

` il
L
ilwn il
LL
ilwn
LLL ilwn dil

LY il}dhw

$ GHVFULSWLRQ RI WKH SURFHVV XVHG WR WUDQVIHU SXEOLF LVVXH UDWLQJV
RQWRFRPSDUDEOHDVVHWVLQWKHEDQNLQJERRN
7KH %DQN VKDOO XVH WKH UDWLQJV DVVLJQHG E\ DQ\ RI WKHVH FUHGLW
UDWLQJ DJHQFLHV DV VROLFLWHG DQG DFFHSWHG E\ WKH ERUURZHUV LQ OLQH
ZLWK 5%, JXLGHOLQHV ([WHUQDO UDWLQJV DVVLJQHG IUHVK RU UHYLHZHG
DW OHDVW GXULQJ WKH SUHYLRXV PRQWKV RQO\ DUH FRQVLGHUHG IRU
FDSLWDOFRPSXWDWLRQE\WKH%DQN
:KHUHYHU DYDLODEOH WKH %DQN XVHV IDFLOLW\ UDWLQJ RU EDQN ORDQ
UDWLQJ IRU ULVN ZHLJKWLQJ WKH ERUURZHUV H[SRVXUHV :KHUH LVVXHU
UDWLQJ LV DYDLODEOH WKH %DQN XVHV VXFK UDWLQJV XQOHVV WKH EDQN
ORDQLVVSHFLFDOO\UDWHG
7KH %DQN GRHV QRW VLPXOWDQHRXVO\ XVH WKH UDWLQJ RI RQH FUHGLW
UDWLQJ DJHQF\ IRU RQH H[SRVXUH DQG WKDW RI DQRWKHU FUHGLW UDWLQJ
DJHQF\ IRU DQRWKHU H[SRVXUH RI WKH VDPH ERUURZHU XQOHVV WKH
UHVSHFWLYH H[SRVXUHV DUH UDWHG E\ RQO\ RQH RI WKH FKRVHQ FUHGLW
UDWLQJ DJHQFLHV )XUWKHU WKH %DQN GRHV QRW XVH UDWLQJ DVVLJQHG
WR D SDUWLFXODU HQWLW\ ZLWKLQ D FRUSRUDWH JURXS WR ULVN ZHLJKW RWKHU
HQWLWLHVZLWKLQWKHVDPHJURXS
5XQQLQJ OLPLWV VXFK DV FDVK FUHGLW DUH WUHDWHG DV ORQJ WHUP
H[SRVXUHV DQG DFFRUGLQJO\ ORQJ WHUP UDWLQJV DUH XVHG IRU
DVVLJQLQJULVNZHLJKWVIRUVXFKH[SRVXUHV
:KLOH PDSSLQJ DSSO\LQJ WKH UDWLQJV DVVLJQHG E\ WKH FUHGLW UDWLQJ
DJHQFLHV WKH %DQN LV JXLGHG E\ 5HJXODWRU\ JXLGHOLQHV %DQNV
%RDUGDSSURYHG3ROLF\
7KH H[SRVXUH DPRXQWV DIWHU ULVN PLWLJDWLRQ VXEMHFW WR WKH 6WDQGDUGL]HG
$SSURDFKLQGLIIHUHQWULVNEXFNHWVDUHDVXQGHU
$PRXQWLQ`&URUH
Sr
No

7\SHV RI H[SRVXUH IRU ZKLFK HDFK FUHGLW UDWLQJ DJHQF\ LV XVHG
$OO WKH DERYH DJHQFLHV DUH DSSURYHG IRU UDWLQJ RI DOO W\SHV RI
H[SRVXUHLQH[FHVVRI`&URUH
31.3.2013
.
60(5DWLQJ$JHQF\RI,QGLD/WG60(5$
L
%HORZULVNZHLJKWH[SRVXUH
RXWVWDQGLQJ
LL
ULVNZHLJKWH[SRVXUH
RXWVWDQGLQJ
0RUHWKDQULVNZHLJKW
H[SRVXUHRXWVWDQGLQJ
'HGXFWHG&509DOXHLVDGGHG

LLL

LY
152812.64
33712.10
115321.03
31.03.2013
Particulars
Total Exposure
Exposure
Rated
Unrated

152812.64
- - 6}zml
Table DF-6 CREDIT RISK MITIGATION
bj fv b r r gj d gj {gj gj gj{ cgj

gj{ { { bijf
wn hldedhded il h f }il w il

il il d il wn ilil d il
33712.10 115321.03
3ROLFLHVDQGSURFHVVHVIRUDQGDQLQGLFDWLRQRIWKHH[WHQWWRZKLFK
the bank makes use of, on- and off-balance sheet netting
,Q OLQH ZLWK 5%, JXLGHOLQHV RQ$GYDQFH DSSURDFK IRU &UHGLW 5LVN ),5%
$,5% WKH %DQN KDV LQ SODFH WKH 3ROLF\ RQ &UHGLW 5LVN 0LWLJDWLRQ
106
il ilw ildilwn

il h il f h w il il
il w il il d d il w
dew ililil }ildil
dw }ilw il df
ililil mf w
gj{{ gjgjbxgjf{ bijf

il d} ild ilw

deilfnilh
7HFKQLTXHV &ROODWHUDO 0DQDJHPHQW GXO\ DSSURYHG E\ WKH %RDUG

7KH FROODWHUDOV XVHG E\ WKH %DQN DV WKH ULVN PLWLJDQWV FRPSULVH RI WKH
QDQFLDO FROODWHUDOV LH EDQN GHSRVLWV *RYW 3RVWDO VHFXULWLHV /LIH
SROLFLHV ZLWK GHFODUHG VXUUHQGHU YDOXH JROG MHZHOOHU\ HWF ZKHUH %DQN
KDV OHJDOO\ HQIRUFHDEOH QHWWLQJ DUUDQJHPHQWV LQYROYLQJ VSHFLF OLHQ
6RIWZDUH LV LQ SODFH IRU FDOFXODWLRQ RI FRUUHFW YDOXDWLRQ DQG DSSOLFDWLRQ
RIKDLUFXW
3ROLFLHV SURFHVVHVIRUFROODWHUDOYDOXDWLRQDQG
management:
&ROODWHUDOV DQG JXDUDQWHHV SUXGHQWO\ VWLSXODWHG DQG PDQDJHG ZRXOG

VHUYHWR
dil il d ililfil il

ilil il ilfilwnil
.
0LWLJDWH WKH ULVN E\ SURYLGLQJ VHFRQGDU\ VRXUFH RI UHSD\PHQW

LQ WKH HYHQW RI ERUURZHU
V GHIDXOW RQ D FUHGLW IDFLOLW\ GXH WR
LQDGHTXDF\LQH[SHFWHGFDVKRZ
ilil ilil
*DLQFRQWURORQWKHVRXUFHRIUHSD\PHQWLQWKHHYHQWRIGHIDXOW
wnd il dild e wn il

il
2SWLPL]H ULVN ZHLJKWHG DVVHWV DQG WR DGGUHVV UHVLGXDO ULVNV

DGHTXDWHO\
wnilildilildlil
df il ile il
dilil w ililf
wn il il ilil il il ilhh il
d il il il il il
d d d il il il il
ilild ilw
gj m gj{{ gjlgj gj l
wn il il il f w il

il wilwil
il hh d il w d d
il il w }il il d d
wil il d ilil
w dilwnil dlil
illil} il w } il
il w il d w d d
} il n il fil il
il w il il w il il ew
w}hhe } ilil
gjb{{mlgjgjzm}zgj mgj
wn il il w w

il d l wn il
ilil wn } ile dil il
e
:
il d d il} wn il il h w il f il
il il w dl
d}}il
,Q DGGLWLRQ WR WKH SROLF\ RQ &UHGLW 5LVN 0LWLJDWLRQ 7HFKQLTXHV
&ROODWHUDO 0DQDJHPHQW %DQN KDV DOVR SXW LQ SODFH /HQGLQJ 3ROLF\ GXO\
DSSURYHG E\ WKH %RDUG 7KHVH SROLFLHV OD\ GRZQ WKH W\SHV RI VHFXULWLHV
QRUPDOO\ DFFHSWHG E\ WKH %DQN IRU OHQGLQJ DQG DGPLQLVWUDWLRQ
PRQLWRULQJ RI VXFK VHFXULWLHV LQ RUGHU WR VDIHJXDUGSURWHFW WKH LQWHUHVW
RI WKH %DQN VR DV WR PLQLPL]H WKH ULVN DVVRFLDWHG ZLWK LW %RWK WKH [HG
DQG WKH FXUUHQW DVVHWV REWDLQHG WR VHFXUH WKH ORDQV JUDQWHG E\ WKH
%DQN DV SHU SROLF\ SUHVFULSWLRQ DUH VXEMHFWHG WR YDOXDWLRQ E\ RXWVLGH
YDOXHUVHPSDQHOOHGE\WKH%DQN
'HVFULSWLRQRIWKHPDLQW\SHVRIFROODWHUDOWDNHQE\WKH
Bank
7KH PDLQ W\SHV RI QDQFLDO FROODWHUDOV FRPPRQO\ XVHG E\ WKH %DQN
DV ULVN PLWLJDQWV FRPSULVH RI QDQFLDO FROODWHUDOV LH %DQN 'HSRVLWV
*RYHUQPHQW6HFXULWLHV.9316&/LIH,QVXUDQFH3ROLFLHVZLWKGHFODUHG
VXUUHQGHU YDOXH *ROG MHZHOOHU\ HWF %DQN DOVR DFFHSWV QRQQDQFLDO
FROODWHUDO LH VWRFN ERRN GHEWV PRUWJDJH RI UHVLGHQWLDO FRPPHUFLDO
SURSHUW\DQGSODQW PDFKLQHU\
0DLQW\SHVRIJXDUDQWRUFRXQWHUSDUW\DQGWKHLU
creditworthiness
:KHUHYHU UHTXLUHG WKH %DQN REWDLQV SHUVRQDO RU FRUSRUDWH JXDUDQWHH

DV DQ DGGLWLRQDO FRPIRUW IRU PLWLJDWLRQ RI FUHGLW ULVN ZKLFK FDQ EH
WUDQVODWHG LQWR D GLUHFW FODLP RQ WKH JXDUDQWRU ZKLFK LV XQFRQGLWLRQDO
DQG LUUHYRFDEOH 7KH %DQN DOVR DFFHSWV JXDUDQWHH JLYHQ E\ 6WDWH
&HQWUDO*RYHUQPHQW(&*&&*706(DVDVHFXULW\FRPIRUW
,QIRUPDWLRQDERXW0DUNHWRU&UHGLWULVNFRQFHQWUDWLRQV

within the mitigation taken
$OO W\SHV RI VHFXULWLHV HOLJLEOH IRU FUHGLW ULVN PLWLJDWLRQ DUH HDVLO\
UHDOL]DEOH QDQFLDO VHFXULWLHV $V VXFK DW SUHVHQW QR OLPLW FHLOLQJV
KDYH EHHQ SUHVFULEHG WR DGGUHVV WKH FRQFHQWUDWLRQ ULVN LQ FUHGLW ULVN
PLWLJDQWV
D
)RU HDFK VHSDUDWHO\ GLVFORVHG FUHGLW ULVN SRUWIROLR WKH WRWDO H[SRVXUH
DIWHUZKHUHDSSOLFDEOHRQRURIIEDODQFHVKHHWQHWWLQJWKDWLVFRYHUHG
E\HOLJLEOHQDQFLDOFROODWHUDODIWHUWKHDSSOLFDWLRQRIKDLUFXWV
$PRXQWLQ`&URUH
` il
31.03.2013
wilfilil
ilw dld}
}il
31.03.2013
7KHWRWDOH[SRVXUHDIWHUZKHUHDSSOLFDEOHRQRURII
EDODQFHVKHHWQHWWLQJWKDWLVFRYHUHGE\HOLJLEOH
QDQFLDOFROODWHUDODIWHUWKHDSSOLFDWLRQRIKDLUFXWV

107

n ddil}ilw dld}}
ililh}}w d
il
` il
E
)RU HDFK VHSDUDWHO\ GLVFORVHG SRUWIROLR WKH WRWDO H[SRVXUH DIWHU

ZKHUH DSSOLFDEOH RQ RU RIIEDODQFH VKHHW QHWWLQJ WKDW LV FRYHUHG E\
JXDUDQWHHVFUHGLWGHULYDWLYHVZKHQHYHUVSHFLFDOO\SHUPLWWHGE\5%,
$PRXQWLQ`&URUH
31.03.2013
ilw dld}}
ilw } }w
d il
31.03.2013
7RWDOH[SRVXUHDIWHUZKHUHDSSOLFDEOHRQRU
RIIEDODQFHVKHHWQHWWLQJWKDWLVFRYHUHGE\
JXDUDQWHHVFUHGLWGHULYDWLYHVZKHQHYHU
VSHFLFDOO\SHUPLWWHGE\5%,
- - 7{{gjz
Table DF-7 SECURITIZATION
il ilil ilil il
7KH%DQNKDVQRWVHFXULWL]HGDQ\H[SRVXUHGXULQJWKH\HDU
1,/
4XDQWLWDWLYH'LVFORVXUHIRU6WDQGDUGL]HG$SSURDFKHVLV1RW$SSOLFDEOH
ilil}ililhilil}
Table DF-8 MARKET RISK IN TRADING BOOK
- - 8gj mml
mml
Market Risk:
w wn il il il w il w w

eim} d il il il il
il il w w wn il il wn
hhlh d hhl}
w n d eim} il d il
w wn il f w wn il il d eim} w
ilil
0DUNHW 5LVN LV GHQHG DV WKH SRVVLELOLW\ RI ORVV WR D EDQN FDXVHG E\ DGYHUVH
PRYHPHQWV LQ WKH PDUNHW YDULDEOHV VXFK DV LQWHUHVW UDWHV IRUHLJQ FXUUHQF\
H[FKDQJH UDWHV HTXLW\ SULFHV DQG FRPPRGLW\ SULFHV %DQNV H[SRVXUH WR
PDUNHW ULVN DULVHV IURP GRPHVWLF LQYHVWPHQWV LQWHUHVW UHODWHG LQVWUXPHQWV
DQG HTXLWLHV LQ WUDGLQJ ERRN ERWK $)6 DQG +)7 FDWHJRULHV WKH )RUHLJQ
H[FKDQJH SRVLWLRQV %DQN LV QRW WUDGLQJ LQ FRPPRGLWLHV 7KH REMHFWLYH RI WKH
PDUNHW ULVN PDQDJHPHQW LV WR PLQLPL]H WKH LPSDFW RI ORVVHV RQ HDUQLQJV DQG
HTXLW\DULVLQJIURPPDUNHWULVN
mmlgjx{ {z{ ijf
Policies, strategies and processes for management of Market Risk
il w wn il d d

wn wn w wn d
d fl w wn il il
il h kld ilil wililil
w wn il d d d il w
w il il wn il il il d il d
wwnil d }il
w wn il wn d w de}
} e} } h} } } } hd } d il
ilil ilh wnh il e
wildildilw
7KH%DQNKDVSXWLQSODFH%RDUGDSSURYHG,QYHVWPHQW0DQDJHPHQW3ROLF\
,QYHVWPHQW 5LVN 0DQDJHPHQW 3ROLF\ 5LVN 0DQDJHPHQW 3ROLF\ 0DUNHW 5LVN
0DQDJHPHQW3ROLF\DQG$VVHW/LDELOLW\0DQDJHPHQW$/03ROLF\IRUHIIHFWLYH
PDQDJHPHQW RI PDUNHW ULVN LQ WKH %DQN 7KH DERYH SROLFLHV OD\ GRZQ ZHOO
GHQHG RUJDQL]DWLRQ VWUXFWXUH IRU PDUNHW ULVN PDQDJHPHQW IXQFWLRQV DQG
SURFHVVHV ZKHUHE\ WKH PDUNHW ULVNV FDUULHG E\ WKH %DQN DUH LGHQWLHG
PHDVXUHG PRQLWRUHG DQG FRQWUROOHG ZLWKLQ WKH SROLF\ IUDPHZRUN FRQVLVWHQW
ZLWK WKH %DQNV ULVN WROHUDQFH7KH SROLFLHV GHDO ZLWK WKH UHSRUWLQJ IUDPHZRUN
IRU HIIHFWLYH PRQLWRULQJ RI PDUNHW ULVN DQG DOVR VHW YDULRXV ULVN OLPLWV VXFK DV
2YHUQLJKW/LPLW,QWUDGD\OLPLW$JJUHJDWH*DSOLPLW6WRS/RVVOLPLW9D5OLPLW
HWF([SRVXUHOLPLWVDUHVHWIRUWKHFRXQWHUSDUW\EDQNVDQGWKHH[SRVXUHVDUH
PRQLWRUHGRQGDLO\EDVLV
d hhh wn w
wn w il il wn
il w il il il d d d il
d} im il d il h d
hilw ilwil dilil
dililwil d dd
d}imd ilhil h il e
ilil dililw ilil
} il w dilil f il
d e d wn w wn d
wnil dil dwil
7KH $/0 3ROLF\ VSHFLFDOO\ GHDOV ZLWK OLTXLGLW\ ULVN DQG LQWHUHVW UDWH ULVN
PDQDJHPHQW IUDPHZRUN$V HQYLVDJHG LQ WKH SROLF\ OLTXLGLW\ ULVN LV PDQDJHG
WKURXJK WKH 7UDGLWLRQDO *DS $QDO\VLV 'XUDWLRQ *DS $QDO\VLV EDVHG RQ WKH
UHVLGXDO PDWXULW\ EHKDYLRXUDO SDWWHUQ RI DVVHWV DQG OLDELOLWLHV DV SUHVFULEHG
E\ WKH 5%, 7KH %DQN KDV SXW LQ SODFH PHFKDQLVP RI VKRUW WHUP G\QDPLF
OLTXLGLW\ PDQDJHPHQW DQG FRQWLQJHQF\ SODQ IRU OLTXLGLW\ PDQDJHPHQW
3UXGHQWLDO7ROHUDQFHOLPLWVDUHVHWIRUGLIIHUHQWUHVLGXDOPDWXULW\WLPHEXFNHWV
IRU HIFLHQW DVVHW OLDELOLW\ PDQDJHPHQW 7KH %DQNV FRQWLQJHQF\ SODQ IRU
OLTXLGLW\ PDQDJHPHQW FRPSULVHV YDULRXV FRQWLQJHQW PHDVXUHV WR GHDO ZLWK
DQ\ NLQG RI VWUHVV RQ OLTXLGLW\ SRVLWLRQ 7KH %DQN KDV SXW LQ SODFH %RDUG
DSSURYHG 6WUHVV7HVWLQJ 3ROLF\ DQG FRQGXFWV SHULRGLF VWUHVV WHVWV RQ OLTXLGLW\
ULVNLQWHUHVWUDWHULVNDQGIRUHLJQH[FKDQJHULVN
w wn il d d d il h il

w il w wil d il il d
il ilwil wwnil h
lil ililwdeim} ildilil
,QWHUHVW UDWH ULVN LV PDQDJHG WKURXJK XVH RI *DS $QDO\VLV RI UDWH VHQVLWLYH
DVVHWV DQG OLDELOLWLHV DQG PRQLWRUHG WKURXJK SUXGHQWLDO 7ROHUDQFH OLPLWV
SUHVFULEHG7KH %DQN DOVR KDV SXW LQ SODFH 'XUDWLRQ *DS$QDO\VLV IUDPHZRUN
IRU PDQDJHPHQW RI LQWHUHVW UDWH ULVN 7KH %DQN HVWLPDWHV (DUQLQJV DW 5LVN
(D5 DQG 0RGLHG 'XUDWLRQ *DS '*$3 SHULRGLFDOO\ DJDLQVW DGYHUVH
108
wn dw dwil ilil

ilimilil ilililil e}wil
PRYHPHQW LQ LQWHUHVW UDWH IRU DVVHVVLQJ WKH LPSDFW RQ 1HW ,QWHUHVW ,QFRPH
1,,DQG(FRQRPLF9DOXHRI(TXLW\(9(
d hhd il il d il

dildililil ilil dilil
n hil w nw h d} il
dil d ild n
7KH $VVHW /LDELOLW\ 0DQDJHPHQW &RPPLWWHH $/&2 %RDUG PRQLWRUV

DGKHUHQFH RI SUXGHQWLDO OLPLWV [HG E\ WKH %DQN DQG GHWHUPLQHV WKH VWUDWHJ\
LQ OLJKW RI WKH PDUNHW FRQGLWLRQV 'HDOLQJ URRP DFWLYLWLHV DUH FHQWUDOL]HG DQG
V\VWHP LV LQ SODFH WR PRQLWRU WKH GHDOLQJ URRP DFWLYLWLHV 7KH 0LG 2IFH
DW WKH 7UHDVXU\ ,QWHUQDWLRQDO %DQNLQJ 'HSDUWPHQW 7,%' DOVR PRQLWRUV
DGKHUHQFHRISUXGHQWLDOOLPLWVRQDFRQWLQXRXVEDVLV
w wn il il h il il il w

wn il d il il dd il d dil il
il klkl d il il fil d w wn il il
il h il il w e l il il h il il d
kld ilhil}
ilil wwnilkld il n wil
il fh w wn il il w il d eil d
eilil wililfwndwn
d il e il il il il d il il
ililf wwnil ilil il ilil
f ildwwnil ilil hhhd
il ild hhhil il
wn il d d il wn il dil il
w il wn il il ew wn il il
f il w dil wn il wn il
wn ilw
0DUNHW 5LVN 0DQDJHPHQW 3ROLF\ 7R HQVXUH WKDW WKH %DQNV RSHUDWLRQV DUH
LQ OLQH ZLWK 0DQDJHPHQW H[SHFWDWLRQV RI UHWXUQ YLVjYLV PDUNHW ULVN LW LV
FUXFLDO WKDW WKH %DQN KDV D GHQHG VHW RI SULQFLSOHV DQG SURFHVVHV LQ SODFH
IRUDUWLFXODWLQJKRZLWSODQVWRPDQDJHWKHPDUNHWULVNVLWIDFHVLQWKH7UDGLQJ
RU%DQNLQJ%RRN
7KH %DQNV 0DUNHW 5LVN 0DQDJHPHQW 3ROLF\ DLPV WR VHW RXW WKH EURDG
RXWOLQHV RI WKH SURFHVVHV E\ ZKLFK WKH PDUNHW ULVNV FDUULHG E\ WKH %DQN VKDOO
EHPDQDJHGLHLGHQWLHGPHDVXUHGFRQWUROOHGDQGPRQLWRUHGLQVXFKDZD\
WKDW WKH ULVN WDNHQ LV ZLWKLQ WKH DSSURYHG ULVN WROHUDQFH OLPLWV 7KH VFRSH RI
WKLV SROLF\ FRYHUV PDUNHW ULVNV DULVLQJ IURP WKH EDQNV 7UDGLQJ ERRN DQG
LQYHVWPHQW SRUWLRQ RI %DQNLQJ ERRN )XQGLQJ OLTXLGLW\ DQG LQWHUHVW UDWH ULVN
DULVLQJ RQ DFFRXQW RI %DQNLQJ ERRN LQYHVWPHQWV DUH PDQDJHG E\ $/0
IXQFWLRQLQDFFRUGDQFHZLWKEDQNV$/0SROLF\DQG5%,SUHVFULSWLRQV
7KH DJJUHJDWH H[SRVXUH RQ FRXQWU\ZLVH EDVLV LV WDNHQ IRU PRQLWRULQJ WKH
FRXQWU\ ULVN )RU ULVN FDWHJRUL]DWLRQ RI YDULRXV FRXQWULHV WKH (&*& ULVN
FODVVLFDWLRQLVXVHGE\WKH%DQN([SRVXUHRQ+LJK5LVNFRXQWULHVDUHWDNHQ
ZLWKSURSHUULVNPLWLJDWLRQ
Quantitative Disclosure:
wwnilhw dilh
7KH&DSLWDOUHTXLUHPHQWVIRU0DUNHW5LVNDUHDVXQGHU
` il

L
LL
LLL

mlgj z
wwn
eim} wn
wn
ilild}ilildw
wn ilhilw LLLLLL
$PRXQWLQ` &URUH

Risk Category

L
,QWHUHVW5DWH5LVN
LL
(TXLW\3RVLWLRQ5LVN
LLL
)RUHLJQ([FKDQJH5LVNLQFOXGLQJJROG

7RWDOFDSLWDOFKDUJHIRUPDUNHWULVNVXQGHU
VWDQGDUGL]HGGXUDWLRQDSSURDFKLLLLLL
31.03.2013

Table DF-9 OPERATIONAL RISK
- - 9ml
Qualitative disclosures:
Operational risk:
ml
wndl il dilkld d
}d il ilwnwn
ilwn il ililwn
mlgjx{ {
il ,, il d wn il h f }il }h h
hhh w il il il d wn
il wn il de e d
nil il ndw
d d f n wn
il
d il il wh
ile

hhh il
il il w il
2SHUDWLRQDO 5LVN LV ULVN RI ORVV UHVXOWLQJ IURP LQDGHTXDWH RU IDLOHG LQWHUQDO
SURFHVVHV SHRSOH DQG V\VWHPV RU IURP H[WHUQDO HYHQWV 2SHUDWLRQDO ULVN
LQFOXGHV/HJDOULVNEXWH[FOXGHV6WUDWHJLFDQG5HSXWDWLRQ5LVN
Policies on management of Operational Risk:
7KH %DQN KDV IUDPHG 2SHUDWLRQDO 5LVN 0DQDJHPHQW 3ROLF\ LQ OLQH ZLWK WKH
5%, *XLGHOLQHV IRU WKH $GYDQFHG $SSURDFKHV IRU 2SHUDWLRQDO 5LVN 76$
$0$ XQGHU %DVHO ,, IUDPHZRUN GXO\ DSSURYHG E\ WKH %RDUG 7KH RWKHU
SROLFLHV DSSURYHG E\ WKH %RDUG ZKLFK GHDO ZLWK PDQDJHPHQW RI RSHUDWLRQDO
ULVN DUH D ,QIRUPDWLRQ 6\VWHP 6HFXULW\ 3ROLF\ E %XVLQHVV &RQWLQXLW\
3ODQQLQJ 3ROLF\ F &RPSOLDQFH 3ROLF\ G 2XWVRXUFLQJ 3ROLF\ DQG H )UDXG
5LVN 0DQDJHPHQW 3ROLF\ 7KH %DQN KDV LVVXHG JXLGHOLQHV RQ .QRZ <RXU
&XVWRPHU.<&DQG$QWL0RQH\/DXQGHULQJ$0/SURFHGXUHV
z{ b ijf il il wn kl dil

}dililil} il ilkld
dwilil
Strategies and processes: 7KH 2SHUDWLRQDO 5LVN 0DQDJHPHQW SURFHVV RI

WKH %DQN LV GULYHQ E\ D VWURQJ RUJDQL]DWLRQDO FXOWXUH DQG VRXQG RSHUDWLQJ
SURFHGXUHV LQYROYLQJ FRUSRUDWH YDOXHV LQWHUQDO FRQWURO FXOWXUH HIIHFWLYH
LQWHUQDO UHSRUWLQJ 3ROLFLHV DUH SXW LQ SODFH IRU HIIHFWLYH PDQDJHPHQW RI
2SHUDWLRQDO5LVNLQWKH%DQN
il il n il il il n il

il wn d il f il il d
7KH %DQN KDV EHHQ FRQVWDQWO\ UHYLHZLQJ WKH OHJDO GRFXPHQWV WR HQVXUH WKDW
WKH OHJDO GRFXPHQWV DUH FRPSUHKHQVLYH DQG HQIRUFHDEOH $V D PHDVXUH RI
109
d d ilhil ilw

ilwnfil il d
il wn il wn
kld il n e ilnf
wn il } d
wn il d d }
il il il il il wn kl wn
il il hilil il il wn il hil
ilh }dililw ilw
ml{ m gjgjfbrgjz
il wn w ililil ilhilil}il
deh il d il f ,, }il il d wn
w wn il il h ilil }il }hh d f
}ilhhh wilh il
:
ilil }il il d wn il h w
il
ULVN WUDQVIHU WKH %DQN KDV REWDLQHG LQVXUDQFH FRYHU IRU DOO WKH DVVHWV RZQHG
E\ WKH %DQN ,W LV DOVR HQVXUHG WKDW WKH DVVHWV QDQFHG E\ WKH %DQN DUH
DOVR DGHTXDWHO\ LQVXUHG DV D ULVN PLWLJDWLRQ PHDVXUH 7KH RSHUDWLRQDO ULVN
PDQDJHPHQW SROLF\ RXWOLQHV WKH RUJDQL]DWLRQ VWUXFWXUH DQG GHWDLO SURFHVVHV
IRU PDQDJHPHQW RI RSHUDWLRQDO ULVN 7KH EDVLF REMHFWLYH RI WKH SROLF\ LV WR
FORVHO\ LQWHJUDWH RSHUDWLRQDO ULVN PDQDJHPHQW V\VWHPLQWR WKH GD\WRGD\ ULVN
PDQDJHPHQW SURFHVVHV RI WKH %DQN E\ FOHDUO\ DVVLJQLQJ UROHV IRU HIIHFWLYHO\
LGHQWLI\LQJ DVVHVVLQJ PRQLWRULQJ DQG FRQWUROOLQJ PLWLJDWLQJ RSHUDWLRQDO
ULVNV DQG E\ WLPHO\ UHSRUWLQJ RI RSHUDWLRQDO ULVN H[SRVXUHV LQFOXGLQJ PDWHULDO
RSHUDWLRQDO ORVVHV 2SHUDWLRQDO ULVNV LQ WKH %DQN DUH PDQDJHG WKURXJK
FRPSUHKHQVLYHDQGZHOODUWLFXODWHGLQWHUQDOFRQWUROIUDPHZRUN
Approach adopted for capital charge computation for operational risk:
7KH %DQN LV IROORZLQJ %DVLF ,QGLFDWRU $SSURDFK %,$ IRU FDOFXODWLQJ FDSLWDO
FKDUJH IRU 2SHUDWLRQDO 5LVN 7KH %DQN LV SUHSDULQJ IRU PLJUDWLQJ WR 7KH
6WDQGDUGL]HG$SSURDFK76$DQGWKHQIRU$GYDQFHG0HDVXUHPHQW$SSURDFK
$0$ IRU FDOFXODWLRQ RI FDSLWDO ULVN FKDUJH IRU 2SHUDWLRQDO 5LVN XQGHU
$GYDQFHG%DVHO,,DSSURDFKHV
Quantitative Disclosure:

&DSLWDO FKDUJH IRU 2SHUDWLRQDO 5LVN XQGHU %DVLF ,QGLFDWRU DSSURDFK LV
` &URUH
- - 10gj mmlbcbb
Table DF-10 INTEREST RATE RISK IN THE BANKING BOOK (IRRBB)
gj mml
w il il il
il il wwndeddwwnil
d il w
L ml b d dw il
h il w d dil il il ild d d
d w il hil
LL cgkr gj b~gj v f il il e
e il d eim} il dil dil
il il h il d
eim} il dd ilhddd il
dilililw

whildw

il d d il d il }e il} il il
im il il d d f il il il
ilf} il f il h w de il h
ild e

ilildddilililwil
il h eim} il dil dil il
il
Interest Rate Risk in the Banking Book:

,QWHUHVW 5DWH 5LVN LQ WKH %DQNLQJ %RRN ,55%% UHIHUV WR WKH SRWHQWLDO
DGYHUVH QDQFLDO LPSDFW RQ WKH %DQNV %DQNLQJ %RRN IURP FKDQJHV LQ
LQWHUHVW UDWHV 7KH LQWHUHVW UDWH ULVN LV PHDVXUHG DQG PRQLWRUHG WKURXJK WZR
DSSURDFKHV
L
Earnings at Risk: 7KH LPSDFW RQ LQFRPH (DUQLQJ 3HUVSHFWLYH LV

PHDVXUHG WKURXJK XVH RI 7UDGLWLRQDO *DS$QDO\VLV E\ DSSO\LQJ QRWLRQDO
UDWH VKRFN SDUDOOHO VKLIW LQ WKH LQWHUHVW UDWHV DFURVV DVVHWV DQG
OLDELOLWLHVXSWREDVLVSRLQWESV
LL
Economic Value of Equity (Duration Gap Analysis): 7KH %DQN

KDV DGRSWHG 'XUDWLRQ *DS $QDO\VLV IRU DVVHVVLQJ WKH LPSDFW DV
D SHUFHQWDJH RQ WKH HFRQRPLF YDOXH RI HTXLW\ (FRQRPLF 9DOXH
3HUVSHFWLYH LQ OLQH ZLWK PHWKRG VXJJHVWHG E\ 5%, ,W LV GRQH E\
FDOFXODWLQJ PRGLHG GXUDWLRQ RI DVVHWV DQG OLDELOLWLHV WR QDOO\ DUULYH DW
PRGLHGGXUDWLRQRIHTXLW\
,QWHUHVW5DWH6HQVLWLYLW\VWDWHPHQWDVSHU'*$LVSUHSDUHG
7KH GXUDWLRQ RI HDFK DVVHW DQG OLDELOLW\ LV DUULYHG DW WDNLQJ WKH
PLGSRLQWRIHDFKWLPHEXFNHWDVWKHPDWXULW\GDWHDQGWKHDYHUDJH
\LHOG DV FRXSRQ DQG WDNLQJ WKH PDUNHW UDWH IRU GLVFRXQWLQJ
SXUSRVH)RULQYHVWPHQWVWKHDFWXDOGXUDWLRQLVWDNHQ
7KHLPSDFWRQWKH(FRQRPLF9DOXHRI(TXLW\LVDQDO\VHGIRUD
ESVUDWHVKRFNDVLQGLFDWHGE\5%,
eim} ildilild ildil w
7KH(FRQRPLF9DOXHRI(TXLW\LVPHDVXUHGDQGPRQLWRUHGRQDTXDUWHUO\EDVLV
:mlbm
Quantitative Disclosure: Earning at Risk:
` il
m {

gj
31.03.2013

$PRXQWLQ` &URUH
Change in interest rate
Reprising at 1 Year
31.03.2013

Economic Value of Equity:
31.03.2013
ddilil eim} il
31.03.2013
)RUDESVQRWLRQDOUDWHVKRFNWKHGURSLQHTXLW\YDOXH

110

31 2013
`w`LQ7KRXVDQGV
31-03-2012
STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH, 2013
31-03-2013
Particulars
gj
Year Ended 31-03-2013
{x gj
A.
CASH FLOW FROM OPERATING ACTIVITIES:
Income
ilde w
,QWHUHVWUHFHLYHGGXULQJWKH\HDUIURPDGYDQFHV,QYHVWPHQWVHWF
dd 2WKHU,QFRPH
rfx Less: Expenditure & Provisions

ilwf ilw
,QWHUHVW 3DLGGXULQJWKH\HDURQ'HSRVLWVDQG%RUURZLQJV
2SHUDWLQJ([SHQVHV
h dililh 3URYLVLRQV &RQWLQJHQFLHV
ililfilddil ililil

1HW,QFUHDVHLQ&DVKGXHWR,QFUHDVHRI,QFRPHRYHU([SHQVHV

,

mv gj f b{

Add
: Non Cash Items & Items Considered Separately

h dililh 3URYLVLRQV &RQWLQJHQFLHV
d 'HSUHFLDWLRQRQ)L[HG$VVHWV
dilkl 3URW/RVVRQVDOHRI)L[HG$VVHWV
dilw ,QWHUHVWRQ,QFRPH7D[GHPDQG
hdedew ,QWHUHVWRQ%RQGV3&36DQG,3',
}hil /HVV'LUHFW7D[HV3DLG1HW

bm{gj, &DVK3URW*HQHUDWHG)URP2SHUDWLRQV
{{b gj gj Increase/(Decrease) of Operating Liabilities:
w 'HSRVLWV
f },,,il ~il %RUURZLQJV([FO7LHU,,,%RQGV
dh 2WKHU/LDELOLWLHV 3URYLVLRQ
{{b gj Total of Increase of Operating Liabilities
rf b{ gj gj
22094,65,67
Less : Increase/(Decrease) of Operating Assets

,QYHVWPHQWV
d $GYDQFHV
dd 2WKHU$VVHWV

gjb{ gj gj Total of Increase of Operating Assets

{b{ {{b ,,
Net Increase of Operating Liabilities Over Operating Assets
12715,80,36

24323,34,98

12572,91,16
(II)
-2228,69,31
142,89,20
(A) = (I+II)
12,16,15
1481,90,83
{x gj $ ,,,

CASH FLOW FROM OPERATING ACTIVITIES
l {x gj

B.
CASH FLOW FROM INVESTING ACTIVITIES

d ilkl 6DOHRI)L[HG$VVHWV
d ilkl 3XUFKDVHRI)L[HG$VVHWV
,QYHVWPHQWPDGHLQ$VVRFLDWHV

{x gj l
Net Cash Flow Form Investing Activities

|z{x gj
C.
CASH FLOW FROM FINANCING ACTIVITIES:

L
(B)
-125,78,91
-15,29,94
il w il
,VVXH5HGHPSWLRQRI6XERUGLQDWHG%RQGV

eim} h hh 'LYLGHQGRQ(TXLW\ 31&36

LLL il 'LYLGHQG'LVWULEXWLRQ7D[

LY hdede w ,QWHUHVWRQ%RQGV3&36DQG,3',

Y eim} d il w il ,VVXHRI(TXLW\6KDUHV
|z{x gj Cash Flow From Financing Activities
(C)
gjgjgj gjl Total Cash Flow During The Year
(A+B+C)

LL
: ~ ildil il dililil

Note:3UHYLRXV\HDUJXUHVKDYHEHHQUHJURXSHGDQGUHFODVVLHGZKHQHYHUQHFHVVDU\
111

542,21,70
228,29,06
428,58,94
1694,89,95
31-03-2013
` w`LQ7KRXVDQGV
31-03-2012
w ililil d &DVK %DODQFHZLWK5%,

il ild}

%DODQFHVZLWK%DQNV 0RQH\DW&DOO 6KRUWQRWLFH

5744,25,59
4049,35,64

Particulars
x{ REPRESENTED BY gjb gj gj gj
Cash and Cash equivalents at the beginning of the year

Cash and Cash equivalents at the end of the year
w ililil d &DVK %DODQFHVZLWK5%,

il ild}
%DODQFHZLWKEDQNV PRQH\DWFDOO 6KRUWQRWLFH
gjgjgj
TOTAL CASH FLOW DURING THE YEAR
6172,84,53
5744,25,59
428,58,94
1694,89,95
b{r
gj
bm
A P BHATIA
B. PIPARARIYA
C. VR. RAJENDRAN
NARENDRA SINGH
il n
nil
ililil
dh il
*HQHUDO0DQDJHU)0 $
&KLHI*HQHUDO0DQDJHU
([HFXWLYH'LUHFWRU
&KDLUPDQ 0DQDJLQJ'LUHFWRU
il} ild $63(52855(32572)(9(1'$7($77$&+('

gj{ fgjsfvgj
gj{ vf fvffr
gj{ gj{ fvv{
gj{ m fvgj
gj{ m fvgj
gj{ fvgj
For N Kumar Chhabra & Co.
For D S P & Associates
For G Basu & Co.
hldhh
hldhh
hldh
hldhh
hldhe
hldhe
)511
)511
)51:
)511
)51(
)51(
nil
nil
nil
nil
nil
nil
bs
b
v
mt
mgj
gj
Ashish Chhabra
Arvind Singhal
Sandeep D Welling
Rajesh Sethi
Manoj Kumar Das
Saunak Ray
3DUWQHU
3DUWQHU
3DUWQHU
3DUWQHU
3DUWQHU
3DUWQHU
kl
kl
kl
kl
kl
kl
0HPEHUVKLS1R
0HPEHUVKLS1R
0HPEHUVKLS1R
0HPEHUVKLS1R

il d
0HPEHUVKLS1R 0HPEHUVKLS1R
3ODFH 3XQH
'DWH WK$SULO
112
fgjsfvgj

nil

hd

im}

vf fvffr
nil

il
e
gj{ fvv{
nil
l
dl ilw

m fvgj
nil
im}
h
f
m fvgj
nil
d
g
ilil
fvgj
nil
hddilil}
}imd

N. Kumar Chhabra & Co.,

6&2
6HFWRU%
&KDQGLJDUK
DSP & Associates,

'HVK%DQGKX*XSWD
5RDG.DURO%DJK
1HZ'HOKL
Kirtane & Pandit,

6DQJDWL%KDNWL0DUJ
2II/DZ&ROOHJH5RDG
3XQH
J. C. Bhalla & Co,

%6HFWRU
1RLGD
83
G. Basu & Co,

&KDRZULQJKHH$SSURDFK
%DVX+RXVH
.RONDWD

65$VKRND0DUNHW
6WDWLRQ6TXDUH
%KXEDQHVKZDU

AUDITORS' REPORT
{gjr{gj

il dl } il il il w

il d n f il il
il h il d n il d
d }il h il n il e
nnd il d
nil nnd il w
ndniln
nd ilil w ililil w il
dil dil nh
w nild il edn
nd ild w wd
dwn
|z gjfxgj m

e il il w il il

il d il h il d il d
il il w il il e
w dilil ilfilildnn
ww il d ilil il
il l
lgj gj m
TR
The President of India
Report on Financial Statements :H KDYH DXGLWHG WKH DFFRPSDQ\LQJ )LQDQFLDO 6WDWHPHQWV RI
%$1. 2) 0$+$5$6+75$ DV DW VW 0DUFK ZKLFK
FRPSULVH WKH %DODQFH 6KHHW DV DW 0DUFK 3URW DQG
/RVV $FFRXQW DQG WKH &DVK )ORZ VWDWHPHQW IRU WKH \HDU WKHQ
HQGHG DQG D VXPPDU\ RI VLJQLFDQW DFFRXQWLQJ SROLFLHV DQG
RWKHU H[SODQDWRU\ LQIRUPDWLRQ ,QFRUSRUDWHG LQ WKHVH QDQFLDO
VWDWHPHQWV DUH WKH UHWXUQV RI EUDQFKHV DXGLWHG E\ XV DQG
EUDQFKHV DXGLWHG E\ EUDQFK DXGLWRUV 7KH EUDQFKHV DXGLWHG
E\XVDQGWKRVHDXGLWHGE\RWKHUDXGLWRUVKDYHEHHQVHOHFWHGE\
WKH %DQN LQ DFFRUGDQFH ZLWK WKH JXLGHOLQHV LVVXHG WR WKH %DQN
E\ WKH 5HVHUYH %DQN RI ,QGLD $OVR LQFRUSRUDWHG LQ WKH %DODQFH
6KHHW DQG WKH 6WDWHPHQW RI 3URW DQG /RVV DUH WKH UHWXUQV IURP
EUDQFKHV ZKLFK KDYH QRW EHHQ VXEMHFWHG WR DXGLW 7KHVH
XQDXGLWHG EUDQFKHV DFFRXQW IRU SHU FHQW RI DGYDQFHV
SHU FHQW RI GSRVLWV SHU FHQW RI LQWHUHVW LQFRPH DQG
SHUFHQWRILQWHUHVWH[SHQVHV
Managements Responsibility for the Financial Statements 0DQDJHPHQW LV UHVSRQVLEOH IRU WKH SUHSDUDWLRQ RI WKHVH
)LQDQFLDO 6WDWHPHQWV LQ DFFRUGDQFH ZLWK %DQNLQJ 5HJXODWLRQ$FW
FRPSO\LQJ ZLWK 5HVHUYH %DQN RI ,QGLD *XLGHOLQHV IURP WLPH WR
WLPH 7KLV UHVSRQVLELOLW\ LQFOXGHV WKH GHVLJQ LPSOHPHQWDWLRQ DQG
PDLQWHQDQFH RI LQWHUQDO FRQWURO UHOHYDQW WR WKH SUHSDUDWLRQ RI WKH
QDQFLDO VWDWHPHQWV WKDW DUH IUHH IURP PDWHULDO PLVVWDWHPHQWV
ZKHWKHUGXHWRIUDXGRUHUURU
w il il nildd

l il nil w n
il il d n il e n il il d
ildld ilil dnil w
il n il il w il il im
il ilil l
il} d il n il
ililn ww
il il il il il il il
n il il il d e il d
wn il il il h il il dil
d f n il il il
h il f n il il
f e e il flililildh
hnd ildf il il
ililil n
il il n d il h f
dil
Auditors Responsibility 2XU UHVSRQVLELOLW\ LV WR H[SUHVV DQ RSLQLRQ RQ WKHVH QDQFLDO
VWDWHPHQWV EDVHG RQ RXU DXGLW :H FRQGXFWHG RXU DXGLW LQ
DFFRUGDQFH ZLWK 6WDQGDUGV RQ$XGLWLQJ LVVXHG E\ WKH ,QVWLWXWH RI
&KDUWHUHG$FFRXQWDQWVRI,QGLD
7KRVH6WDQGDUGVUHTXLUHWKDW
ZH FRPSO\ ZLWK HWKLFDO UHTXLUHPHQWV DQG SODQ DQG SHUIRUP WKH
DXGLW WR REWDLQ UHDVRQDEOH DVVXUDQFH DERXW ZKHWKHU WKH QDQFLDO
VWDWHPHQWVDUHIUHHIURPPDWHULDOPLVVWDWHPHQWV
$Q DXGLW LQYROYHV SHUIRUPLQJ SURFHGXUHV WR REWDLQ DXGLW HYLGHQFH
DERXW WKH DPRXQWV DQG GLVFORVXUHV LQ WKH QDQFLDO VWDWHPHQWV
7KH SURFHGXUHV VHOHFWHG GHSHQG RQ WKH DXGLWRUV MXGJHPHQW
LQFOXGLQJ WKH DVVHVVPHQW RI WKH ULVN RI PDWHULDO PLVVWDWHPHQW RI
WKH QDQFLDO VWDWHPHQW ZKHWKHU GXH WR IUDXG RU HUURU ,Q PDNLQJ
WKRVH ULVN DVVHVVPHQWV WKH DXGLWRU FRQVLGHUV LQWHUQDO FRQWURO
UHOHYDQW WR WKH HQWLW\V SUHSDUDWLRQ DQG IDLU SUHVHQWDWLRQ RI WKH
QDQFLDO VWDWHPHQWV LQ RUGHU WR GHVLJQ DXGLW SURFHGXUHV WKDW
DUH DSSURSULDWH LQ WKH FLUFXPVWDQFHV $Q DXGLW DOVR LQFOXGHV
HYDOXDWLQJ WKH DSSURSULDWHQHVV RI DFFRXQWLQJ SROLFLHV XVHG
DQG WKH UHDVRQDEOHQHVV RI WKH DFFRXQWLQJ HVWLPDWHV PDGH E\
PDQDJHPHQWDVZHOODVHYDOXDWLQJWKHRYHUDOOSUHVHQWDWLRQRIWKH
QDQFLDOVWDWHPHQWV
:HEHOLHYHWKDWRXUDXGLWHYLGHQFHZHKDYHREWDLQHGLVVXIFLHQW
DQGDSSURSULDWHWRSURYLGHDEDVLVIRURXUDXGLWRSLQLRQ
b{
il il n h d
wil ildd hh}ilild
Opinion
,QRXURSLQLRQDVVKRZQE\ERRNVRIEDQNDQGWRWKHEHVWRIRXU
LQIRUPDWLRQDQGDFFRUGHLQJWRWKHH[SODQDWLRQJLYHQWRXV

113
L
il f e } d
w dil il d
il n ilde
il f il il il il d
.
D WKH%DODQFH6KHHWUHDGZLWKWKHQRWHVWKHUHRQLVDIXOODQG
IDLU %DODQFH 6KHHW FRQWDLQLQJ DOO WKH QHFHVVDU\ SDUWLFXODUV
LV SURSHUO\ GUDZQ XS VR DV WR H[KLELW D WUXH DQG IDLU YLHZ RI
VWDWHRIDIIDLUVRIWKH%DQNDVDWVW0DUFKFRQIRUPLW\
ZLWKDFFRXQWLQJSULQFLSOHVJHQHUDOO\DFFHSWHGLQ,QGLD
E 3URW DQG /RVV$FFRXQW UHDG ZLWK WKH QRWHV WKHUHRQ VKRZV
D WUXH EDODQFH RI SURWORVV LQ FRQIRUPLW\ ZLWK DFFRXQWLQJ
SULQFLSOHV JHQHUDOO\ DFFHSWHG LQ ,QGLD IRU WKH \HDU FRYHUHG
E\WKHDFFRXQWDQG
F 7KH &DVK )ORZ 6WDWHPHQW JLYHV D WUXH DQG IDLU YLHZ RI WKH
FDVKRZVIRUWKH\HDUHQGHGRQWKDWGDWH
LL il n d f il }
il w n il ilh h il h
il nilil ild d
LLL ilil filil hil
il fil

il il il il il il h il } il
f d il il f l il
w il il kl d
ildil il nilil ~}
il il il il n il d il
} kl w ilil ilddfd il
il ` il w d il
il il n il il il ` il
ileil ild}il
il
Emphasis of Matters
:H GUDZ DWWHQWLRQ WR WKH QRWH ' LQ 6FKHGXOH ZKLFK
GHVFULEHV GHIHUPHQW RI SHQVLRQ DQG JUDWXLW\ OLDELOLW\ RI WKH EDQN
WRWKHH[WHQWRI` FURUHSXUVXDQWWRWKHH[HPSWLRQJUDQWHG
E\ WKH 5HVHUYH %DQN RI ,QGLD WR WKH 3XEOLF 6HFWRU %DQNV IURP
DSSOLFDWLRQRIWKH$FFRXQWLQJ6WDQGDUG5HYLVHG(PSOR\HHV
%HQHW YLGH LWV FLUFXODU '%2'%3%&
RI )HEUXDU\ RQ UHSRUWLQJ RI SHQVLRQ RSWLRQ WR HPSOR\HHV
RI 3XEOLF 6HFWRU %DQNV DQG (QKDQFHPHQW LQ *UDWXLW\ OLPLWV
3UXGHQWLDO5HJXODWRU\7UHDWPHQW

+DG WKH VDLG FLUFXODU QRW EHHQ LVVXHG WKH 3URW EHIRUH 7D[ RI
WKH EDQN ZRXOG KDYH EHHQ ORZHU E\ ` FURUH SXUVXDQW
WR WKH DSSOLFDWLRQ RI WKH UHTXLUHPHQWV RI $6 5HYLVHG WKH
FRQVHTXHQWLDO HIIHFW RI ZKLFK KDV QRW EHHQ DVFHUWDLQHG RQ WKH
RWKHUUHODWHGFRPSRQHQWVRIWKHQDQFLDOVWDWHPHQWV
bxgjbgjbb r
ildnildil
nilkll dildil
fl ~ e n il d il d
il il fkl il d dw d
d f d il}il il d il d n il
d} il il
il wil dildnilwil
w }ilh dil il d f
wil
n il il w dh il il dil il

il il il nd n il
w e
n il n
il ild
Report on Other Legal & Regulatory Requirements

7KH %DODQFH 6KHHW DQG 3URW /RVV$FFRXQW KDYH EHHQ GUDZQ
XS LQ )RUPV C$
DQG C%
UHVSHFWLYHO\ RI WKH7KLUG 6FKHGXOH WR WKH
%DQNLQJ5HJXODWLRQ$FW
6XEMHFW WR WKH OLPLWDWLRQV RI DXGLW LQGLFDWHG LQ SDUDJUDSK WR
DERYH DQG DV UHTXLUHG E\ WKH %DQNLQJ &RPSDQLHV $FTXLVLWLRQ
DQG7UDQVIHURI8QGHUWDNLQJV$FWDQGVXEMHFWDOVRWR
WKHOLPLWDWLRQVRIGLVFORVXUHUHTXLUHGWKHUHLQZHUHSRUWWKDW
D :H KDYH REWDLQHG DOO WKH LQIRUPDWLRQ DQG H[SODQDWLRQV
ZKLFK WR WKH EHVW RI RXU NQRZOHGJH DQG EHOLHI ZHUH
QHFHVVDU\ IRU WKH SXUSRVHV RI WKH DXGLW DQG KDYH IRXQG
WKHPWREHVDWLVIDFWRU\
E 7KH WUDQVDFWLRQV RI WKH %DQN ZKLFK KDYH FRPH WR P\RXU
QRWLFHKDYHEHHQZLWKLQWKHSRZHUVRIWKH%DQN
F 7KH UHWXUQV UHFHLYHG IURP WKH RIFHV DQG EUDQFKHV RI WKH
%DQN KDYH EHHQ IRXQG DGHTXDWH IRU WKH SXUSRVH RI RXU
DXGLW
,Q RXU RSLQLRQ WKH %DODQFH 6KHHW 3URW DQG /RVV $FFRXQW DQG
&DVK )ORZ 6WDWHPHQW FRPSO\ ZLWK WKH DSSOLFDEOH DFFRXQWLQJ
VWDQGDUGV
gj{ fgjsfvgj
nil
hldhh
fbs

kl
gj{ m fvgj
nil
hldhh
fmt

kl
For N. Kumar Chhabra & Co For DSP & Associates For Kirtane & Pandit
&KDUWHUHG$FFRXQWDQWV &KDUWHUHG$FFRXQWDQWV
)511
)511
)51:

il d
gj{ vf fvff

nil
hldhh
fb

kl
gj{ m fvgj
nil
hldhe
fmgj

kl

nil
hldh
fv
kl
gj{ fvgj
nil
hldhe
fgj
kl
CA Ashish Chhabra
3DUWQHU
0HPEHUVKLS1R
CA Arvind Singhal
CA Sandeep D.Welling
3DUWQHU
3DUWQHU
0HPEHUVKLS1R 0HPEHUVKLS1R
For J.C. Bhalla & Co

)511
For G. Basu & Co

)51(
CA Rajesh Sethi
3DUWQHU
0HPEHUVKLS1R
CA Manoj Kumar Das CA Saunak Ray

3DUWQHU
3DUWQHU
0HPEHUVKLS1R 0HPEHUVKLS1R5
3ODFH 3XQH
'DWHG WK$SULO
114
For Singh Ray Mishra & Co

)51(
115
31 2013
CONSOLIDATED BALANCE SHEET AS ON 31ST MARCH 2013
(` w
(` in thousands)
Schedule
m f { CAPITAL AND LIABILITIES

w Capital
d dd Reserves & Surplus
w Deposits
f Borrowings
dh Other Liabilities & Provisions
31 2013
( )
il
ild

(Current Year)

(Previous Year)
1249,47,59
1177,59,21
1
2
5176,36,78
3564,40,64
94330,21,04
76521,96,30
12877,48,82
6944,75,04
3347,16,81
2947,10,85
116980,71,04
91155,82,04
5265,29,20
4535,47,79
Balances with Banks, Money at call & short notice
907,55,48
1208,77,90
Investments
d Advances
d Fixed Assets
dd Other Assets
31458,01,13
26049,61,57
75470,77,79
56059,76,44
mv
TOTAL
b{ ASSETS
il dw il d
Cash and Balances with Reserve Bank of India
il dd
mv
10
1429,48,94
600,67,17
11
2449,58,50
2701,51,17
116980,71,04
91155,82,04
24361,75,56
18788,85,69
2548,99,73
2044,61,87
TOTAL
h Contingent Liabilities
Bills for Collection
n 6LJQLFDQWDFFRXQWLQJSROLFLHV
n } Notes on Accounts
fimd ild
12

18
The Schedules referred to above form an integral part of the Balance Sheet.
bm
C VR RAJENDRAN
NARENDRA SINGH
ililil
dh il
EXECUTIVE DIRECTOR
CHAIRMAN & MANAGING DIRECTOR
vmgjb
vfv
b b
vgj
Dr RAJKUMAR AGRAWAL
Dr S U DESHPANDE
R C AGRAWAL
Dr NARESH KUMAR DRALL
il
il
il
il
DIRECTOR
DIRECTOR
DIRECTOR
DIRECTOR
fv xgj
vvfr
gjm
S D DHANAK
Dr. D S PATEL
MS KAMALA RAJAN
il
il
il
DIRECTOR
DIRECTOR
DIRECTOR
{
z
b{r
gj
V P SRIVASTAVA
V. SUBRAMANIAN
ATUL BHATIA
B.K. PIPARAIYA
il n
fil n
il n
nil
Asstt. General Manager, FM&A
Dy. General Manager, FM&A

il d
w
&RQWGRQSDJH
Place : Pune
Date
: 29th April, 2013
116
gj { gjgj{l

CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2013
(` w
(` in thousands)
31 2013
( )
il

Year ended 31st March,

2013 (Current Year)
Year ended 31st March,

2012 (Previous Year)
9613,44,36
9,43,96
912,90,61
7213,98,51
5,92,60
641,64,77
10535,78,93
7861,55,88
6579,58,61
1797,87,59
1389,24,20
4696,46,05
1643,85,47
1084,43,27
9766,70,40
7424,74,79
769,08,53
436,81,09
454,97,54
370,28,47
35
1224,06,07
807,09,91
191,79,78
20,62,54
445,35,38
150,00,00
16,11,47
49,98,00
152,13,95
34,35,02
108,90,73
2,54,20
25,00,00
55,86,00
129,71,03
30,10,41
Schedule
b INCOME
dww Interest earned
d dil
dd Other Income
I.
II.
13
Share of earnings/loss in Associates
14
mv TOTAL
EXPENDITURE
ilw Interest expended
Operating Expenses
ddililh Provisions & contingencies
mv TOTAL
PROFIT/LOSS
ilhil
15
16
&RQVROLGDWHG1HW3URWIRUWKH\HDU
w d
$GG3URWEURXJKWIRUZDUG
w w d
Add: Drawing from Revenue Reserve
mv TOTAL
APPROPRIATIONS
ildil d Transfer to Statutory Reserve
w dil d Transfer to Capital Reserve
wdil d Transfer to Revenue Reserve
dil d Transfer to Special Reserve
dil d Transfer to Investment Reserve
hh Proposed dividend (PNCPS)
eim} Proposed dividend (Equity)
il Tax on Dividend
il d w
Balance carried over to Balance Sheet
mv
dwilil e (`)
TOTAL
Earning per share (Basic & Diluted) (`)
163,69,93
454,97,54
1224,06,07
807,09,91
12.04
7.71
fimd n ildd 7KH6FKHGXOHVUHIHUUHGWRDERYHIRUPDQLQWHJUDOSDUWRIWKH3URW /RVV$FFRXQW

il} ild AS PER OUR REPORT OF EVEN DATE ATTACHED.
gj{fgjsfvgj
gj{vffvbfr
gj{gj{fvv{
gj{mfvgj
gj{mfvgj
gj{fvgj
For N.Kumar Chhabra & Co.
For G Basu & Co.
hldhh
hldhh
hldh
hldhh
hldhe
hldhe
FRN : 000837N
FRN : 006791N
FRN: 105215W
FRN : 001111N
FRN : 301174E
FRN : 318121E
nil
nil
nil
nil
nil
nil
fbs
fb
fv
fmt
fmgj
fgj
CA Ashish Chhabra
CA Arvind Singhal
CA Sandeep D Welling
CA Rajesh Sethi
CA Manoj Kumar Das
CA Saunak Ray
Partner
Partner
Partner
Partner
Partner
Partner
kl
kl
kl
kl
kl
kl

il d
Place : Pune
Date
: 29th April, 2013
117

(` w
(` in thousands)
b m
SCHEDULE 1 : CAPITAL
gj ~{gjb
gj ~{gjb{
3000,00,00
3000,00,00
xgj{m Authorised Capital

` ileim} 300,00,00,000 Equity Shares of ` 10 each
mb| Issued & Subscribed
` il eim}
66,14,75,934 Equity Shares (Previous year 58,95,92,082) of ` 10/- each

il Opening Balance
il Additions during the year
|m Paid Up Capital
589,59,21
71,88,38
661,47,59
481,71,26
107,87,95
589,59,21
il ilil
a.
Held by Central Government

` il eim}
53,73,90,307 (Previous year 46,55,06,455) Equity shares of ` 10/- each
537,39,03
465,50,65
124,08,56
124,08,56
n wd
b.
Held by the Public & Others

` il eim}
12,40,85,627 (Previous year 12,40,85,627) Equity Shares of ` 10/- each
}h d} Less: Allotment money due
661,47,59
661,47,59
588,00,00
588,00,00
589,59,21
589,59,21
bx
Perpetual Non Cumulative Preference Shares
ilil ` il d
5880 Perpetual Non Cumulative Preference Shares of ` 10,00,000/each held by Central Government
588,00,00
mv TOTAL
1249,47,59
(` w
b b{ bbx
SCHEDULE 2 : RESERVES AND SURPLUS
(` in thousands)
gj ~{gjb
gj ~{gjb{
xgjb{ STATUTORY RESERVE

il Opening Balance
II. m{b{ CAPITAL RESERVE
i)
il Opening Balance
ii) il Addition during the year
iii) ilil Deduction during the year
III. SHARE PREMIUM
i)
il Opening Balance
IV. mbb{ REVENUE AND OTHER RESERVES
a) mb{ REVENUE RESERVE
i)
il Opening Balance
l b) b{ SPECIAL RESERVE
i)
il Opening Balance
c) gjb{ REVALUATION RESERVE
i)
il Opening Balance
d) b{l{ INVESTMENT RESERVE ACCOUNT
i)
il Opening Balance
V. l{ BALANCE IN PROFIT & LOSS ACCOUNT
mv TOTAL (I, II, III, IV V)
588,00,00
1177,59,21
I.
831,07,57
191,79,78
1022,87,35
722,16,84
108,90,73
831,07,57
119,18,00
20,62,54
139,80,54
116,63,80
2,54,20
119,18,00
928,02,41
334,11,61
1262,14,02
430,80,74
497,21,67
928,02,41
763,12,38
445,35,38
1208,47,76
763,12,73
35
763,12,38
93,00,00
150,00,00
243,00,00
68,00,00
25,00,00
93,00,00
1120,25,71
443,54,55
2,10,91
70,62,72
375,02,74
375,02,74
1181,27,53
436,04,56
16,11,47
16,11,47
163,69,93
5176,36,78
118
454,97,54
3564,40,64

(` w
b m
SCHEDULE - 3 : DEPOSITS
(` in thousands)
A.
I.
II.
III.
m DEMAND DEPOSITS
i)
il From Banks
ii) d From others
{gjm SAVINGS BANK DEPOSITS
m TERM DEPOSITS
i)
il From Banks
gj
( )
il
ild

(Current Year)

(Previous Year)
394,17,67
10789,88,80
11184,06,47
27289,49,70
180,44,44
55676,20,43
ii)
From others

mv,,,,,, TOTAL (I, II & III)
l B. i) ilil il w il
55856,64,87
94330,21,04
58,69,12
8391,80,56
45,33,27
44846,34,57
8450,49,68
23179,78,78
44891,67,84
76521,96,30
ile

ii)
Deposits of subsidiaries in India including

IRUHLJQRIFHVLIDQ\
94330,21,04
94330,21,04
76521,96,30
76521,96,30
94330,21,04
76521,96,30
94330,21,04
76521,96,30
94330,21,04
76521,96,30
ilil ilil il wil

ile
Deposits of subsidiaries outside India including

,QGLDQRIFHVLIDQ\
iii) il il w Deposits of Parent

mv,,,,,, TOTAL (I, II & III)
C. i) il il w
Deposits of parent in India
ii) ilil il w
Deposits of subsidiaries in India
iii) ilw LLL
Total Deposits in India (i + ii)
iv) il il w
Deposits of parent outside India
v) ilil il ilw
Deposits of subsidiaries outside India
vi) ililw LYY
Total Deposits outside India (iv + v)

mv,,,9, TOTAL (III & VI)
mv TOTAL (C III + C VI)
(` w
b dx
SCHEDULE - 4 : BORROWINGS
(` in thousands)
I.
{ dx BORROWINGS IN INDIA

i)
w il Reserve Bank of India
ii) dil Other Banks
iii) dd dhw Other Institutions and Agencies
iv) Debentures
v) df Other Borrowings
il a) n
gj
( )
il
ild

(Current Year)

(Previous Year)
600,00,00
3563,00,00
4939,17,07
3170,00,00
825,80,21
295,00,00
295,00,00
Innovative Perpetual Debt Instruments (IPDI)
n b) il w ilw w n
Hybrid Debt Capital Instruments issued as Bonds
II.
III.
c) Subordinated Debt Bonds

{gjdx BORROWINGS OUTSIDE INDIA
mv,,, TOTAL (I & II)
dgk{,,, m{ dx {
1250,00,00
1555,00,00
SECURED BORROWINGS INCLUDED IN I & II ABOVE
12202,17,07
675,31,75
12877,48,82
119
1250,00,00
955,00,00
6495,80,21
448,94,83
6944,75,04

(` w
b b{f bx
SCHEDULE - 5 : OTHER LIABILITIES AND PROVISIONS
(` in thousands)
I.
II.
gj
( )
il
ild

(Current Year)

(Previous Year)
415,27,14
409,11,91
66,82,54
340,55,28
283,39,40
Bills Payable
dilw
,QWHURIFHDGMXVWPHQWVQHW
il a. il Parent

n b. ilil Subsidiary
III.
dw
IV.
fw
V.
d Others (including provisions):

il ild
Inter group adjustment (net)
Interest Accrued
a)
Provision against standard assets
n
dh
b)
Other liabilities (including provisions)
416,21,89
2108,29,96
mv,,,,,,,9 9) TOTAL (I, II, III, IV & V)
261,34,66
2524,51,85
1993,24,88
3347,16,81
2947,10,85
(` w
b {m gjgjgj bx

SCHEDULE - 6 : CASH AND BALANCES WITH RESERVE BANK OF INDIA
I.
(` in thousands)
gj
( )
il
ild

(Current Year)

(Previous Year)
514,55,37
503,55,13
ile il }

Cash in hand (including foreign currency notes)
II.
w ilild
Balances with Reserve Bank of India
i)
n In Current Accounts
ii) dn In other Accounts
4750,73,83
mvLLL TOTAL (i & ii)
4750,73,83
4031,92,66
5265,29,20
(` w
SCHEDULE - 7 : BALANCES WITH BANKS AND MONEY AT CALL & SHORT NOTICE
{ In India
il d Balances with Banks in
il (a) n Current Accounts
n (b) dwn Other Deposit Accounts
ii) d
4031,92,66
4535,47,79
b gj bxb{~bx
I.
2254,59,54
(` in thousands)
gj
( )
il
ild

(Current Year)

(Previous Year)
i)
Money at call and short notice

il (a) il il With Banks
n (b) dd il With Other Institutions
mvLLL
TOTAL (i & ii)
61,42,68
815,18,55
876,61,23
381,01,79
15,18,55
396,20,34
876,61,23
120
396,20,34

(` w
b gj bxb{~bx(:)
SCHEDULE - 7 : BALANCES WITH BANKS AND MONEY AT CALL & SHORT NOTICE (Contd.)
II.
{gj Outside India

i)
il ild Balances with Banks in
il (a) n Current Accounts
n (b) dwn Other Deposit Accounts
(c) dwn Money at Call & Short Notice
mvLLL TOTAL
gjmv,,, GRAND TOTAL (I & II)
(` in thousands)
gj
( )
il
ild

(Current Year)

(Previous Year)
30,94,25
30,94,25
812,57,56
812,57,56
907,55,48
1208,77,90
(` w
b
SCHEDULE - 8 : INVESTMENTS
(` in thousands)
I.
812,57,56
30,94,25
gj
( )
il
ild

(Current Year)

(Previous Year)
25373,53,88
175,46,46
1171,46,99
20644,08,12
210,65,55
944,45,97
100,87,65
86,77,69
l{ { Investments in India in

il il
nwil
a)
Government Securities (inclusive of treasury bills &

zero coupon bonds)
n b) dd Other approved securities
c) Shares
d) d Debentures and Bonds

ìl n `
e)
II.
Investment in Associates
(Including Goodwill of ` 22,96,08, previous year ` 23,18,22)
~ f) d Others
i)
}dedl il } Units of UTI / Mutual funds
28,32,06
ii) w&HUWLFDWHRI'HSRVLWV
872,33,81
iii) wil Commercial Papers
9,72,60
iv) } PTCs
5,50,88
v) ddehld R I D F & Others
3720,76,80
mv TOTAL
{ Investments outside India
L
il il
i)
Government Securities (including local authorities)
LL

ii)
LLL
d}il
LLL
2WKHU,QYHVWPHQWVWREHVSHFLHG
III.
mv TOTAL
gjmv,,, GRAND TOTAL (I & II)
{ Investments in India
i)
ilil Gross Value of Investments
LL ilw
Aggregate of Provisions for Depreciation/Investment

LLL Net Investment (i-ii)
gjz Details of Investments:
I.
II. d Other Investments
31458,01,13
26049,61,57
26216,52,30
67,41,30
TOTAL (I & II)
121
4163,64,24
26049,61,57
31525,42,43
ii)
iii)
mv,,,
4636,66,15
31458,01,13
30,59,42
1045,18,21
53,26,25
15,01,96
3019,58,40
166,90,73
31458,01,13
26049,61,57
100,87,65
31357,13,48
86,77,69
25962,83,88
31458,01,13
26049,61,57

(` w
b b
SCHEDULE - 9 : ADVANCES
(` in thousands)
il i)
}}iln h
A.
i)
ii)
iii)
gj
( )
il
ild

(Current Year)

(Previous Year)
1948,69,08
1489,69,90
27857,77,03
45664,31,68
19481,62,53
35088,44,01
ildm}d
Cash Credits, Overdrafts & Loans repayable on demand
Term Loans

mv TOTAL
n
i)
d d
B.
i)
Secured by tangible assets

(includes advances against Book Debts)
ii)
ilil
Covered by Bank/Government Guarantees

d Unsecured
mv TOTAL
iii)
I.
d
C.
I.
Advances in India
i)
il Priority Sector
ii) wil Public Sector
iii) il Banks
iv) d Others
d Advances outside India
i)
il Due from banks
ii) d Due from others
II.
il
75470,77,79
56059,76,44
75470,77,79
56059,76,44
64456,05,85
58,56,10
10956,15,84
24339,55,60
12787,04,06
271,52,71
38072,65,42
45450,23,07
75470,77,79
75470,77,79
75470,77,79
7,19,91
10602,33,46
18850,37,64
13216,97,50
10,98
23992,30,32
56059,76,44
}}iln h
a)

n b) Syndicated Loans
b) d Others
mv,f ,, TOTAL (C.I & C.II)
75470,77,79
56059,76,44
(` w
b ~b{
SCHEDULE - 10 : FIXED ASSETS
(` in thousands)
I.
56059,76,44
56059,76,44
gj
( )
il
ild

(Current Year)

(Previous Year)
Premises
1. il il ild
il~ ilililil
e
(includes increase in the value on account of revaluation
of certain premises in earlier years)
2.
3.
dil Addition during the Period

ilililil
Addition on account of revaluation during the year
4.
ilil
5.
d
592,12,41
643,25,24
35,54,79
4,29
1181,27,53
2,10,91
1808,94,73
645,40,44
486,91,13
53,28,03
Deductions during the year
1322,03,60
Depreciation to date
107,79,23
122
592,12,41
1214,24,37
154,07,46
438,04,95

(` w
b ~b{ w
SCHEDULE - 10 : FIXED ASSETS (Contd.)
(` in thousands)
II.
gj
( )
il
ild

(Current Year)

(Previous Year)
dd e llim
2WKHU)L[HG$VVHWVLQFOXGLQJIXUQLWXUHDQG[WXUHV
1. il il ild
2. dil Addition during the Period
3.
dilil
4.
mv,,, TOTAL (I & II)
730,85,31
129,72,98
860,58,29
18,12,29
842,46,00
627,21,43
Deduction during the Period
215,24,57
1429,48,94
676,72,60
72,52,24
749,24,84
18,39,53
730,85,31
568,23,09
(` w
b bb{
SCHEDULE - 11 : OTHER ASSETS
(` in thousands)
I.
II.
III.
IV.
V.
VI.
gj
( )
il
ild

(Current Year)

(Previous Year)
371,79,64
dilw,QWHURIFHDGMXVWPHQWVQHW

il a. Parent
n b. il Subsidiaries
fw Interest accrued
d ilil}il
Tax paid in advance/tax deducted at source
n d} Stationery and Stamps
754,33,54
585,48,92
724,32,73
5,01,97
856,03,10
5,31,22
il} dwild
Non-banking assets acquired in satisfaction of claims
d Others
965,90,26
882,88,29
2449,58,50
2701,51,17
(` w
b bgjgj{f
SCHEDULE - 12 : CONTINGENT LIABILITIES
(` in thousands)
I.
gj
( )
il
ild

(Current Year)

(Previous Year)
1181,54,34
1175,57,05
13628,90,10
9865,17,63
ilil w il il il

Claims against the Bank not acknowledged as debts
II.
dil ilh
Liability for partly paid investments
III.
ild il
Liability on account of outstanding forward exchange contracts*
IV.
}il il d

Guarantees given on behalf of constituents
il(a) In India
n(b) il Outside India
V.
5656,57,00
1177,15,86
4834,78,66
740,57,84
5575,36,50
2717,58,26
1772,74,51
24361,75,56
400,00,00
18788,85,69
d wil il f

Other items for which Bank is contingently liable
6833,72,86
ililddh
Acceptances, endorsements and obligations

VI.
162,62,22
600,67,17
d il kl n ilil h

Contingent liabilities in respect of forward exchange contracts include both sale and purchase contracts.
123

(` w
b bm{m
SCHEDULE - 13 : INTEREST EARNED
(` in thousands)
I.
d w}} Interest/Discount on Advances/Bills
II.
w Interest on Investments
}h il
III.
gj
{bx
il
d
Year ended
31st March, 2013
(Current Year)
Year ended
31st March, 2012
(Previous Year)
7298,49,90
2263,29,10
Less - Amortisation of Investments
32,00,27
2231,28,83
30,64,74
d Others
81,70,38
1,51,94
1,95,25
13,24,41
9613,44,36
7213,98,51
(` w
b bb
SCHEDULE - 14 : OTHER INCOME
(` in thousands)
I.
gj
{bx
il
d
Year ended
31st March, 2013
(Current Year)
Year ended
31st March, 2012
(Previous Year)
ild
Commission, exchange, and brokerage
II.
491,33,75
ilkl3URWRQVDOHRILQYHVWPHQWV
}h ilkl
154,79,81
Less : Loss on sale of Investments

III.
1708,59,49
w ilil dddil w

Interest on balances with Reserve Bank of India &
other inter bank funds
IV.
5490,62,67
1739,24,23
10,84,68
455,07,28
31,80,22
143,95,13
19,67,87
12,12,35
il
3URWRQUHYDOXDWLRQRI,QYHVWPHQWV
}h il
Less: Loss on revaluation of Investments
IV.
ddd ilkl

3URWRQVDOHRIODQGEXLOGLQJVDQGRWKHUDVVHWV
64,16
68,98
}h h dd ilkl

Less : Loss on sale of land, buildings and other assets
V.
75,26
-11,10
59,48
9,50

3URWRQ([FKDQJH7UDQVDFWLRQV
60,41,78
43,81,48
}h
Less: Loss on Exchange Transactions
VI.
Income earned by way of dividends etc. from subsidiaries /

companies and/or Joint Ventures abroad / in India
VII.
60,41,73
6,66
43,74,82
lfilil e
il dwd
d
mv
Miscellaneous Income
TOTAL
,,,,,,,999,f 9,, (I, II, III, IV, V, VI & VII)
124
4,99,08
3,31,22
212,32,02
127,29,60
912,90,61
641,64,77

(` w
b gjm
SCHEDULE - 15 : INTEREST EXPENDED
(` in thousands)
gj
{bx
il
d
Year ended
31st March, 2013
(Current Year)
Year ended
31st March, 2012
(Previous Year)
5878,75,41
4293,39,25
Interest on Reserve Bank of India / inter-bank borrowings
312,27,28
120,05,42
d
Others
388,55,92
283,01,38
mv
TOTAL
6579,58,61
4696,46,05
I.
II.
III.
w w Interest on deposits
w ildilf w
,,,f ,,,
(I, II & III)
(` w
b
SCHEDULE - 16 : OPERATING EXPENSES
(` in thousands)
gj
{bx
il
d
Year ended
31st March, 2013
(Current Year)
Year ended
31st March, 2012
(Previous Year)
Payments to and provisions for employees
1188,90,61
1114,27,22
II.
ild Rent, taxes and lighting
132,75,15
115,88,69
III.
dn Printing and stationery
18,66,66
14,22,89
IV.
yd
16,22,20
17,87,85
V.
ilil
73,93,33
65,66,50
75,30
71,45
13,20,73
11,90,69
9,89,24
8,72,47
Postage, Telegrams, Telephones, etc.
29,73,56
22,49,44
X.
dd
39,89,23
33,71,03
XI.
77,47,73
69,20,05
XII.
d
196,43,85
169,17,19
1797,87,59
1643,85,47
I.
il il dfil
Advertisement and publicity
Depreciation on Banks property

VI.
il il l d

Directors fees, allowances and expenses
VII.
nil il ld

e nnil il ld
Auditors fees and expenses
(incl. branch auditors fees and expenses)
VIII.
IX.
ild}ld
Law Charges
Repairs and maintenance
Insurance
Other expenditure
mv,,,,,,,999,9,,9,,,,;;;,f ;,,

TOTAL (I, II, III, IV, V, VI, VII, VIII, IX, X, XI & XII)
125
17
{z l{
SCHEDULE-17
SIGNIFICANT ACCOUNTING POLICIES
(Figures in bracket relate to previous year)
gjtgj ffbgjv s gj

1.
l~f
h il ~il w d fn il

d il d ilh h d
d n whh w il d
il f d il w il il
nildehdew n
il} il
il il il d il }
d d d il } il il il
d d h il } il e
imil d d il wh il il
il il l imil il d il

nil w n il il
d n il il il
nil il d il
il
h il ~ilwilfn~ ilw
dil fdnil
il il w d d
n w il
il n ild
ilil il ild il
ild
gjgjx{
) : il dl } eile d eil
il eil d il il
ililhh
l cgjc n il il il d
nilil il il
gj gj
} himwim} h
}} il
d }ilil
1. Accounting Conventions:
7KH DFFRPSDQ\LQJ FRQVROLGDWHG QDQFLDO VWDWHPHQWV DUH
prepared under the historical cost conventions except as
otherwise stated and conform to the Generally Accepted
Accounting Principles (GAAP) which include statutory
provisions, practices prevailing within the Banking Industry in
India, the regulatory/ Reserve Bank of India (RBI) guidelines,
Accounting Standards/ guidance notes issued by Institute of
Chartered Accountants of India (ICAI).
7KH SUHSDUDWLRQ RI QDQFLDO VWDWHPHQWV UHTXLUHV WKH
management to make estimates and assumptions considered
in the reported amount of assets and liabilities (including
FRQWLQJHQW OLDELOLWLHV DV RI WKH GDWH RI QDQFLDO VWDWHPHQWV DQG
reported income and expenses for the period under report.
Management is of the view that the estimates used in the
SUHSDUDWLRQRIQDQFLDOVWDWHPHQWVDUHSUXGHQWDQGUHDVRQDEOH
1.3 The Consolidated Financial Statements have been prepared
in accordance with Accounting Standard 21 Consolidated
Financial Statements and Accounting Standard 23
Accounting for Investments in Associates in Consolidated
Financial Statements, issued by the Institute of Chartered
Accountants of India.
1.4 Revenue and costs are accounted for on accrual basis except
as stated in para 7.1 below.
1.5 The accounting policies with regard to Revenue Recognition,
Investments and Advances in relation to Banking Business are
in conformity with the prudential norms issued by the Reserve
Bank of India from time to time.
7KH QDQFLDO VWDWHPHQWV RI WKH 6XEVLGLDU\ DQG $VVRFLDWH
considered in preparation of Consolidated Financial Statement
are drawn up to 31st March 2013.
2.
Principles of Consolidation:
A)
Parent Entity:
The Financial Statements are consolidated for Bank of
Maharashtra, the parent entity and its subsidiary along with
associated enterprise as follows.
B)
Related Entity:
The following subsidiary has been consolidated as per
Accounting Standard 21 Consolidated Financial Statement.
b
x {{

ilil
Name of the company

The Maharashtra Executors &
Trustee Co. Pvt. Ltd.
(hereafter referred as
METCO)
n il il il

nil il d eim} n il
ilnilil
gj gj
} il
ildl}
w
b
x
{{

India
Wholly
Owned
Subsidiary
100%
The following Associate Company has been accounted for

under the Equity Method as per Accounting Standard 23
Accounting for Investments in Associates in Consolidated
Financial Statements
Name of the company
Maharashtra Gramin Bank

(sponsored by Bank of
Maharashtra)
126
Country /
Ownership
Relationship
Residence
Interest
Country /
Ownership
Relationship
Residence
Interest
India
Associate
Enterprise
35%
gj{|z{gj gjbxbdgj

ildfilililil il d
d il il h d
d d n e w il il ee d
wililil il ildimil
il il il il il eim} dil il
n il wil eim} il il
dimil dw wil
il d fil il il il il eim}

d hil il il n il
dimil n
w il dil il il il

ililil
il il d
il h il de e d il d
il w eil f il
il il ile w il
il il il w il
dnil ilfil

il~
il h il il d d il
ililildddil
ildild
il n nil
ilhimwd il il d
} im d il h le il
il il il il
il n w ille il
dnil
C)
Basis of Preparation of Consolidated Financial Statement

& its impact
7KH &RQVROLGDWHG QDQFLDO VWDWHPHQWV RI WKH %DQN LWV

subsidiary have been combined on a line-by-line basis by
adding together the like items of assets, liabilities, income
& expenses, after fully eliminating intra-group balances /
transactions. The excess of the cost of investment to the
parent over and above its proportionate share in equity of the
subsidiary as on date of investment is recognized as Goodwill.
While excess of share in equity of the subsidiary over the cost
of investment is credited to Capital Reserve.
7KH &RQVROLGDWHG QDQFLDO VWDWHPHQWV RI WKH %DQN LWV

associate have been combined on Equity Method basis. The
excess of carrying cost of Banks investment in Associate is
UHFRJQL]HGLQWKHQDQFLDOVWDWHPHQWVDVJRRGZLOO
7KH QDQFLDO VWDWHPHQW RI WKH 6XEVLGLDU\ KDV EHHQ UHJURXSHG

with that of the parent Bank, wherever necessary.
The subsidiary has used accounting policies other than those
adopted by the Bank in certain cases for like transactions &
events in similar circumstances. No adjustments have been
PDGH WR WKH QDQFLDO VWDWHPHQWV RI WKH VXEVLGLDU\ ZKHQ WKH\
DUH XVHG LQ SUHSDULQJ WKH FRQVROLGDWHG QDQFLDO VWDWHPHQWV
However, the proportion of the items in the consolidated
QDQFLDO VWDWHPHQWV WR ZKLFK WKH GLIIHUHQW DFFRXQWLQJ SROLFLHV
DUHDSSOLHGE\WKHVXEVLGLDU\LVLQVLJQLFDQW
3.
Foreign Exchange Transactions:
3.1 The foreign currency transactions are translated at the weekly

average closing rates for the preceding week as published
by Foreign Exchange Dealers' Association of India (FEDAI).
Revaluation of foreign currency assets and liabilities as on
Balance Sheet date is done at the closing exchange rate
SXEOLVKHG E\ )('$, DQG WKH UHVXOWDQW SURWORVV LV DFFRXQWHG
IRULQWKH3URW /RVV$FFRXQW
3.2 Outstanding Forward Exchange Contracts are stated at
contracted rates and revalued as on Balance Sheet date at the
H[FKDQJH UDWHV SXEOLVKHG E\ )('$, IRU VSHFLHG PDWXULWLHV
7KH UHVXOWLQJ SURWORVV LV UHFRJQL]HG LQ WKH 3URW /RVV
Account in accordance with RBI / FEDAI Guidelines.
w}dnililf
il le il
3.3 Contingent Liabilities on account of Guarantees and Letters

of Credit issued in foreign currency are stated in the Balance
Sheet at the closing exchange rates published by FEDAI.

w il il il d il il h
il
L il ililhh

il imil

n kl ilhf

ilh
4.
Investments:
As per Reserve Bank of India guidelines, the investments are
FODVVLHGDQGYDOXHGDVXQGHU
L
,QYHVWPHQWVDUHFODVVLHGLQIROORZLQJFDWHJRULHV
LL

LL
il~ ilil e
il il
n dd

ilil lf
dwilil}de hle
LLL il d il il il il il d

fililildil ild
iii.
127
a.
Held to maturity
b.
Available for sale
c.
Held for trading
$OO WKH VHFXULWLHV DUH FODVVLHG LQ WKH IROORZLQJ VL[

FODVVLFDWLRQV
a.
Government Securities
b.
Other approved securities
c.
Shares
d.
Debentures and bonds
e.
Subsidiaries and Joint Ventures
f.
Others (Commercial Papers, Mutual Fund Units, Rural

Infrastructure Development Fund etc).
Bank decides the category of each investment at the time

RI DFTXLVLWLRQ DQG FODVVLHV WKH VDPH DFFRUGLQJO\ 6KLIWLQJ

w w il f il
dhil ilwh dilil
ile fililw d
il w
of securities from one category to another is done once in a

year with the approval of Board of Directors at the least of
acquisition cost / book value / market value on the date of
shifting. The depreciation, if any, on such shifting is provided
for and the book value of the security is changed accordingly.
LY

ilwdilnililhhhhlil
~il hil nil de d
il nilililf
w ildklil e il ild
dildnileil
ilililil}
klffildwilil
dwndil
iv.
REPO / Reverse REPO
9 gj
v.
Valuation of investments
gj gk{{gjx{
L imilililwil
dildildld
ile ilimil d il
LL imil ildd il w
dil il d il
dlf il de il
il d il il
il nilil
LLL e ilklil n n
ildfilf ildild ilil
dw n wilnil
n il
a.
Held to Maturity:
Securities under the category 'Held to Maturity' are valued

at cost. Wherever the cost is higher than the face value, the
premium is amortized over the remaining period of maturity.
ii
In case of other investments under Held to Maturity category,

where the cost price is less than the face value, the difference
is ignored. In case of investments in subsidiaries and joint
ventures permanent diminution in value is recognized and
provided for. Investment in RRBs is valued at carrying cost.
LLL
2Q VDOH RI LQYHVWPHQWV LQ WKLV FDWHJRU\ D WKH QHW SURW LV
LQLWLDOO\ WDNHQ WR SURW DQG ORVV DFFRXQW DQG WKHUHDIWHU QHW RI
applicable taxes and statutory reserve is appropriated to the
Capital Reserve account and (b) the net loss is charged to the
SURWDQGORVVDFFRXQW
l ij { dx

L e ildlil il il}il}ilil
ilil ildwh
l w il w il il
ddh ill
d}dlhh il
f ilw ild il
fil
f ilil il
LL nw d wil il n il
il il n il kl w d
fil f il d n d
il
LLL kl fildilf ilflilild

dil ild e fil

dil il f n il
il

w w il il il d dil f
~ilil il il

e il kl il n
nil
b.
Available for Sale:
i.
The individual securities under this category are marked to

market. Central Government securities are valued at market
rates declared by Fixed Income Money Market and Derivatives
Association of India [FIMMDA]. State Government securities,
other approved securities, Debentures and Bonds are valued
as per the yield curve, average credit spread rating and
methodology suggested by FIMMDA. Quoted Shares are
valued at market rates. Unquoted shares are valued at book
value ascertained from the latest available Balance Sheet and
in case the latest Balance Sheet is not available, the same is
valued at ` 1/- per company.
Treasury bills and commercial papers are valued at carrying
cost. Mutual Fund Instruments are valued at market rate or
repurchase price or net asset value in that order depending on
their availability.
Based on the above valuation under each of six-sub
FODVVLFDWLRQVXQGHU$YDLODEOHIRU6DOH
,ILWUHVXOWVLQDSSUHFLDWLRQWKHVDPHLVLJQRUHG
,I LW UHVXOWV LQ GHSUHFLDWLRQ WKH VDPH LV FKDUJHG WR 3URW
Loss account.
7KH ERRN YDOXH RI VHFXULWLHV LV QRW FKDQJHG DIWHU UHYDOXDWLRQ
except as required by the RBI guidelines.
3URW RU /RVV RQ VDOH RI LQYHVWPHQW LQ WKLV FDWHJRU\ LV
DFFRXQWHGIRULQWKH3URWDQGORVVDFFRXQW
{ x{
L e il d lil kl il il
c.
Held for Trading:
i.
The individual scrip under this category are held at original
The Bank has adopted the Uniform Accounting Procedure

prescribed by the RBI for accounting of market Repo and
Reverse Repo transactions. Repo and Reverse Repo
Transactions are treated as Collateralized Borrowing / Lending
Operations with an agreement to repurchase on the agreed
terms. Securities sold under Repo are continued to be shown
under investment and Securities purchased under Reverse
Repo are not included in Investment. Outstanding REPO /
Reverse REPO is disclosed as borrowing / lending respectively
from FY 2012-13. Costs and revenues are accounted for as
interest expenditure / income, as the case may be.
ii.
iii.

128
eil il d w d l
il il d il e il d il il
il ile il w il
d d ile
w ilil ildw dilf ~il
ilil
LL e klil n n
il
dwil il d il d w il il
ildil
v il dw il eim} d il ~il w
e d il f l
eil
m
L
il w w d d d il h w il }
il}
cost. The same is valued at monthly intervals at market rates

or as per the prices declared by FIMMDA and in respect of
HDFK FODVVLFDWLRQ XQGHU WKLV FDWHJRU\ QHW GHSUHFLDWLRQ LI DQ\
LV FKDUJHG WR SURW DQG ORVV DFFRXQW DQG QHW DSSUHFLDWLRQ LI
any is ignored. The book value of the securities is not changed
after revaluation except as required by the RBI guidelines.
LL
3URW RU ORVV RQ VDOH RI LQYHVWPHQW LQ WKLV FDWHJRU\ LV
DFFRXQWHGIRULQWKH3URWDQG/RVVDFFRXQW
d.
7KH QRQSHUIRUPLQJ LQYHVWPHQWV DUH LGHQWLHG

depreciation/ provision is made as per RBI guidelines.
e.
Costs such as brokerage, fees etc. incurred at the time of

acquisition of securities (except equity / preference shares,
where it is treated as cost of acquisition) are recognized as
expenses.
f.
Interest Rate Swaps:
(i)
Valuation:
n }}f wil} il}

LL vr bgjlgj
il m il d d il nil il
ile il fdnil
(ii)
n rv d il } il il il d

nil
DQG
(a)
Hedging Swaps: Interest Rate Swaps for hedging assets

and liabilities are not marked to market.
(b)
Trading Swaps: Interest Rate Swap for trading purpose

is marked to market.
Accounting of income on derivative deals:

(a)
Hedging Swaps: Income is accounted for on realization

basis. Expenditure, if any, is accounted for on accrual
basis, if ascertainable.
(b)
Trading Swaps: Income or expenditure is accounted for

on realization basis on settlement date.
(iii) Accounting of gain or loss on termination of swaps:
LLL bgjl
il mhil il il
il ildndil d
w dililhdil
n rv il il il
il ilil
b
hhd}} n ndwild ilhh
} il }h h d w

dd ililil}
il ildil
dwil d il h il d h il
d
n il d ilf
w ilil ild
dil
il il hdil
il h il kl il kl il
e e il il d n
kl dil d il
ilile d il kl
}il filwh
~b{ f
h d d il n il
il il ~il wil il
ilfnil
(a)
(b)
5.
Hedging Swaps: Any gain or loss on the terminated

swap is recognized over the shorter of (a) the remaining
contractual life of the swap or (b) the remaining life of the
asset/ liability.
Trading Swaps: Any gain or loss on terminated swap
is recognized as income or expenses in the year of
termination.
Advances:
5.1 Advances shown are net of write offs, provisions made for
non-performing assets, claims settled with the credit guarantee
institutions and rediscounts.
&ODVVLFDWLRQ RI DGYDQFHV DQG SURYLVLRQV DUH PDGH LQ
accordance with the prudential norms prescribed by RBI from
time to time.
5.3 Provision for performing assets is shown under the head
Other liabilities and provisions.
5.4 In respect of Rescheduled/ Restructured accounts, provision
for diminution in fair value of restructured advances is made in
present value basis as per RBI guidelines.
,Q FDVH RI QDQFLDO DVVHWV VROG WR $VVHWV 5HFRQVWUXFWLRQ
Company (ARC)/ Securitization company(SC), if the sale is at
price lower than the net book value, the short fall is debited
WR SURW DQG ORVV DFFRXQW ,I WKH VDOH YDOXH LV KLJKHU WKDQ WKH
net book value, the surplus provision is not reversed but will
EH XWLOL]HG WR PHHW WKH GHFLW ORVV RQ DFFRXQW RI VDOH RI RWKHU
QDQFLDODVVHWV
6.
Fixed Assets and Depreciation:
6.1 Premises and other Fixed Assets are accounted for at cost
except certain premises, which are revalued and
stated
at
revalued amount.
129
il il il ~il d f

~iln ildil
il d il d ;,9 d
wil e il il dil
ildfil
il il} n il il
il w il il il d d
il wh il}
m}dhdh}h
n ` il il d
n ilil il il

iln e d il ilh
il il}e e
il
il d w
il
d il d ilil
eil dildil
}} iln }}d ilw

gj{tgj
}il il d il ilil
il il d il d il
d ;,9 il d

mbxz
il il ~il w il d n il
w il fdnil
il w il w il il
ddwildil dd h
w
n ild}nil ilh
ilildl d
n hw ddilhw

il
ill
~ il il d
w il il il d d
w w il f d n w
w il il il il il il
dilililil
gj b

dwddwd ild
dilhhdilhw dil n il
il
6.2 DepreFLDWLRQ RQ [HG DVVHWV RWKHU WKDQ WKRVH UHIHUUHG

in sub para a, b, c below) is provided for on the diminishing
EDODQFH PHWKRG DW WKH UDWHV VSHFLHG LQ 6FKHGXOH ;,9 WR
WKH &RPSDQLHV $FW RQ [HG DVVHWV H[FHSW LQ FDVH RI
revalued assets, in respect of which higher depreciation is
provided on the basis of estimated useful life of these revalued
assets:a.
On computers, depreciation is provided at the rate of

33.33% on Straight Line Method so as to write down the
asset value in three years to Rupee one as per Reserve
Bank of India guidelines. Computers include software,
ATM and UPS also.
b.
On Fixed Assets having original cost below ` 5,000/,

depreciation is provided for at applicable rates instead of
providing 100% depreciation in the year of purchase.
c.
Depreciation is provided for full year in respect of assets

purchased during the year. No depreciation is provided on
assets sold/discarded during the year.
6.3 Depreciation relating to revaluation is adjusted against the

Revaluation Reserve.
6.4 Revaluation reserve on fully depreciated properties is
DPRUWL]HG RQ WKH EDVLV RI WKHLU UHVLGXDO OLIH DV FHUWLHG E\
approved valuers.
6.5 Leasehold land is amortized over the period of lease on
Straight Line Method (SLM).
In case of the subsidiary:
,Q WKH FDVH RI 0(7&2 WKH [HG DVVHWV DUH YDOXHG DW FRVW
OHVV GHSUHFLDWLRQ 7KH GHSUHFLDWLRQ RQ [HG DVVHWV KDV EHHQ
charged on WDV basis at the rates prescribed under Schedule
XIV of the Companies Act, 1956.
7.
Revenue Recognition
7.1 All revenues and costs are accounted for on accrual basis
except the following items, which are accounted for on cash
basis:D
,QWHUHVW RQ $GYDQFHV DQG ,QYHVWPHQWV LGHQWLHG DV 1RQ

Performing Assets according to the prudential norms
issued by Reserve Bank of India, from time to time.
b.
Income from commission viz on Guarantees, Letter of

Credit, Government business, Bancassuarance, Mutual
Fund business and Locker Rent.
c.
Interest for overdue period on bills purchased and bills

discounted.
d.
Insurance claims.
e.
Remuneration on Debenture Trustee Business.
f.
Processing Fees.
g.
Income from Merchant

Underwriting Commission.
Banking
Operations
and
7.2 Pursuant to RBI guidelines, the interest payable on overdue

term deposit is provided on accrual basis at Saving Bank rate
effective from date of RBI circular dated 22.08.2008, and the
balance at the time of renewal.

(PSOR\HHV%HQHWV
'HQHG &RQWULEXWLRQ 3ODQ 7KH FRQWULEXWLRQ SDLG SD\DEOH

XQGHU GHQHG FRQWULEXWLRQ EHQHW VFKHPHV DUH FKDUJHG WR
SURWDQGORVVDFFRXQW
130

d w d wd il il

d il il f il d
il d eile w il d ilil
ililil ililildil
n
b{ gjbmgj

d d ildwil ilile

il nil w n il d
ildwililddiln
il
xbgjgj{f bgjgjb{

nil w n il
dilil h dilil d il d il il il
~ } il il e d il h
il ilwildililw
il d il}il dilil
il il dil dilil d il
il e h d il d
il w il wil
xxf bgjgj{f

dilild il f w
il il w d il }} n il il
hdild ild ilh
dililh d
bgj

il il il dil il d
dililh nilil
nilil ildildndil
ddil il ilddild
h d il il e

d il d d d w il
il w il d d n d
il

dil il l w d f w
il dil

ddde}h} il w n w dil
il il e fwilil

il hililil ild
d fnil il ilw
{bm

eim} d dw il }
nil dehde w n il hh
dwildil e dwd
ileim} il dnil il
il e d il il eim}
d d eim} il n il f il
eim} dwil il e
'HQHG %HQHW 3ODQ %DQNV OLDELOLWLHV WRZDUGV GHQHG EHQHW

schemes are determined on the basis of an actuarial valuation
PDGH DW WKH HQG RI QDQFLDO \HDU $FWXDULDO JDLQV DQG ORVVHV
DUHUHFRJQL]HGLQWKH3URWDQG/RVVDFFRXQW
9.
Impairment of Assets
,PSDLUPHQW ORVVHV LI DQ\ RQ [HG DVVHWV LQFOXGLQJ 5HYDOXHG

Assets, are recognized in accordance with Accounting
Standard 28- Impairment of Assets issued by Institute of
&KDUWHUHG $FFRXQWDQWV RI ,QGLD ,&$, DQG FKDUJHG WR SURW
and loss account.
10. Provisions, Contingent Liabilities and Contingent Assets:

As per the Accounting Standard 29 - Provisions, Contingent
Liabilities and Contingent Assets issued by by Institute of
Chartered Accountants of India (ICAI), the Bank recognizes
provisions only when it has a present obligation as a result
RI D SDVW HYHQW DQG LW LV SUREDEOH WKDW DQ RXWRZ RI UHVRXUFHV
HPERG\LQJ HFRQRPLF EHQHWV ZLOO EH UHTXLUHG WR VHWWOH WKH
obligation and when a reliable estimate of the amount of the
obligation can be made.

&RQWLQJHQW DVVHWV DUH QRW UHFRJQL]HG LQ WKH QDQFLDO
statements since this may result in the recognition of the
income that may never be realized.
1HW3URW3URYLVLRQVDQG&RQWLQJHQFLHV
7KH 1HW 3URW GLVFORVHG LV DIWHU PDNLQJ WKH 3URYLVLRQV

and Contingencies which include adjustment to the value
of investments, write off of bad debts, provision for taxation
(including deferred taxation), provision for advances and
contingencies/others.
12. Income tax:

The provision for tax for the year comprises liability towards
Current Income Tax, Wealth Tax and Deferred Tax. The
deferred tax asset/ liability is recognized, subject to the
consideration of prudence, taking into account the timing
differences between the taxable income and accounting
income, in terms of the Accounting Standard 22 issued by
Institute of Chartered Accountants of India (ICAI). The effect
of change in tax rates on deferred tax assets and liabilities
LV UHFRJQL]HG LQ WKH SURW DQG ORVV DFFRXQW LQ WKH SHULRG RI
applicability of the change.
Interest income on refund of Income Tax is accounted for in the
year the order is passed by the concerned authority.
The demand raised by the Income Tax authorities including the
interest thereon is provided for when the demand is upheld in
the second appeal (i.e. by ITAT)
The tax expenses shown in the Consolidated Financial
Statements is the aggregate of the amounts of tax expenses
DSSHDULQJ LQ WKH VHSDUDWH QDQFLDO VWDWHPHQWV RI WKH SDUHQW
subsidiary.
13. Earnings Per Share
131
Basic and Diluted earnings per equity share are reported in

accordance with the Accounting Standard (AS-20) Earnings
Per Share issued by ICAI. Basic Earnings per share is arrived
E\ GLYLGLQJ QHW SURW E\ WKH ZHLJKWHG DYHUDJH QXPEHU RI
equity shares outstanding for the period. The diluted earnings
per equity share are computed using the weighted average
number of equity shares and dilutive potential equity shares
outstanding during the period.
18
SCHEDULE - 18
l{ rz
1. il il il wil ` il
(` ililil ` ilil w e
} il d il il
ililil` ililee
wnilil}il
il il
NOTES ON ACCOUNTS
1.
'XULQJWKHFXUUHQWQDQFLDO\HDUWKHEDQNKDVLQIXVHGEDODQFH
amount of ` 4.66 crore out of share of total recapitalization
fund of ` 36.40crore (35% of ` 104 crore). Maharashtra
Government has paid its remaining share of fund in the year
FY 2012-13. Government of India has also infused balance
amount of ` 6.66 crore. This is to support the associate entity
to improve its CRAR.

il il kl im kl
f d il il d
w ilil ild ililil
3. il nil w n il il
ilil
3.1 lgjdilh n

ildil il ehf n
nil
2.
Investments:
7KH %DQN KDV FODVVLHG WKH LQYHVWPHQW SRUWIROLR LQWR WKUHH

categories i.e. Held to Maturity, Available for Sale and
Held for Trading and valued the investments in terms of the
Reserve Bank of India guidelines.
3.
The Bank has complied with the Accounting Standards issued

by The Institute of Chartered Accountants of India (ICAI) to the
extent applicable as under:
lgjmxz

fl e nLildildild
il il il d il il il il d
il
b|
L il ` il ` il
ilil dn wil
3.1 Accounting Standard 5 1HW 3URW RU /RVV IRU WKH SHULRG
prior period items and changes in accounting policies.
As prior period items of income/expenditure are not material,
the same have been charged/accounted for in respective
heads of accounts.
3.2 Accounting Standard 9 Revenue Recognition
As per Accounting Policy No. 7(i), given herein above certain
items of income are recognized on realization basis on account
of statutory requirements or materiality.
4.
Fixed Assets
i.
Depreciation for the current year amounting to ` 61.02 crore

(` 70.63 crore) on revalued assets has been adjusted to
Revaluation reserve account.
ii.
LLL l il f dw

wil hdilil il ild
` ilil ililnil
As per Banks policy, revaluation of 113 eligible properties

has been done as on 31.03.2013. The gross amount of such
revaluation included in properties/premises at as on 31st
March 2013 is ` 1,181.28 crore (` .482.27 crore) and net of
depreciation amount is ` 1,120.26 crore (` 375.03 crore).
Further, the WDV of earlier Revaluation Reserve of ` 375.03
crore has been reversed.
LLL
LY il il n wil

` il ` il ill
dild il il il il d il wil
ilhh
2Q WKH EDVLV RI FHUWLFDWHV RI DSSURYHG YDOXHUV GHSUHFLDWLRQ

amounting to ` 3.35 crore (Nil) has been written back
in respect of 21 composite properties by appropriately
segregating land and building cost by miscellaneous income.
iv.
The title deeds in respect of 4(7) revalued properties/premises

having cost of ` 6.54 crore (` 7.00 crore) were not yet
executed/registered in favour of the Bank due to long pending
legal disputes/formalities.
5.
Accounting Standard (AS) 15 (Revised 2005)- Employee

%HQHWV3DUHQW%DQN
LL ilil ildil ilil

il il h ilil w e
il ` il ` il
` ` il ` il il
dilil il
lgjffx{CCgj b
gj
gj {bm
(ìl
z
il
n il il d
dililil

$ 'HQHG&RQWULEXWLRQ3ODQV
(` in crores)
Particulars

132
31.03.2013
31.03.2012
a. Provident Fund
0.32
0.34
b. Contribution to Staff Welfare

Welfare Fund Contingency
0.00
1.80

l {bm
il w d w il dil il
dilw
n f w d il il
fdildffil
w
~}} ilil il e dd
d d il ~}} il dil
ilw
,
% 'HQHG%HQHW3ODQV
D 3HQVLRQ 3ODQ 7KLV LV D SRVW HPSOR\PHQW EHQHW ZKLFK LV
RI QDO SD\ IRU D PD[LPXP RI \HDUV RI SHQVLRQDEOH
service. This is a funded scheme.
E *UDWXLW\ 3ODQ 7KLV LV D SRVW HPSOR\PHQW EHQHW DQG LV
payable as higher of Gratuity as per Companys Rules and
Gratuity under Payment of Gratuity Act 1972 as amended. This
is a funded scheme.
c. Leave Encashment/ Compensated Absences - This is a post
HPSOR\PHQW EHQHW DQG LV SD\DEOH IRU D PD[LPXP OLPLW RI
GD\V RI DFFXPXODWHG OHDYH EDVHG RQ QDO SD\ 7KLV LV DQ
unfunded scheme.
{b{ gj{ {
ìl (` in crores)
&KDQJHLQWKH3UHVHQWYDOXHRI'HQHG%HQHW2EOLJDWLRQV
.
ij
Particulars
Sr
No
1

2
3
4
5
6
II.
3
4
5
6
III.
31.03.13
31.03.12
31.03.13
31.03.12

188.46
423.78
0.00

177.32
144.84
0.00

33.59
22.17
0.00

35.46
20.58
0.00

15.98
27.14
0.00

14.01
25.79
0.00

(119.37)
93.91
37.93
3.28
(25.84)
2.31

ilhilil
d ild
&ORVLQJ3UHVHQW9DOXHRI'HQHG%HQHW2EOLJDWLRQ
mb{ gjd{ {
z
Particulars
Particulars
dm
PENSION PLANS
GRATUITY PLANS
31.03.13
31.03.12
31.03.13
31.03.12
2085.35
1605.09
373.16
332.50
177.25
139.48
31.72
28.26
417.00
470.61
33.00
69.58

13.47
11.48
6.24
(4.53)
2541.49
2085.35
383.56
373.16
(ìl (` in crores)

x{{bgj{
x{{
bgj{
FUNDED DEFINED BENEFIT OBLIGATIONS
UNFUNDED DEFINED
BENEFIT OBLIGATIONS
dm
gj
srr gjgjgjz
TOTAL
31.03.13
31.03.12
LEAVE ENCASHMENT
31.03.13
31.03.12
PENSION PLANS
31.03.13
31.03.12
GRATUITY PLANS
31.03.13
31.03.12

(2085.35)
346.20

(383.56)
99.73

(373.16)
77.00

(2925.05)
331.08

(2458.51)
423.19

0.00
208.92

0.00
207.82
37.87
37.87
0.00
0.00
37.87
37.87
0.00
0.45
269.22
384.07
99.73
77.00
368.95
461.07
208.92
208.28
d il
3UHVHQW9DOXHRI'HQHG%HQHW2EOLJDWLRQV
wd ilf Fair Value of Plan Assets (2541.49)

Net liability to be recognized
231.35
d
Other amount recognized in the Balance Sheet
m
{} {{ Amount recognized in the Balance Sheet:
m
1

2
3
4
(ìl (` in crores)
Change in the Fair Value of Plan Assets:
wd ildilf Opening fair value of plan assets

wd dd Expected return on plan assets
d Contributions made
ild %HQHWVSDLG
ilil Actuarial gains/losses
wd ildf Closing fair value of plan assets
.
ij
Sr.
No.
LEAVE
ENCASHMENT
31.03.12
2SHQLQJ3UHVHQW9DOXHRI'HQHG%HQHW2EOLJDWLRQ
w Interest Cost
Current Service Cost
Past Service Cost
ilhd%HQHWV3DLG
Sr
No
2
srr gjgjgjz
GRATUITY
PLANS
d ildil
bij
dm
PENSION
PLANS
31.03.13
Actuarial (Gains)/Losses for the year

7
m

Net liability recognized in the Balance Sheet
133
.
ij
Current Service Cost

w Interest Cost
wd dd Expected Return on Plan Assets
ilhilil
Actuarial (Gains) / Losses for the year
Past Service Cost

Expense to be recognized
wild d
kldkl f
ilil hd
1
2
3
6
7

Carry forward of enhanced obligations due to reopening of

3HQVLRQ3ODQ LQFUHDVHLQ*UDWXLW\/LPLWYLGH1RWLFDWLRQ
No. BOD.No.BC.80/21.04.018/2010-11 in 2010-11
il
LEAVE
ENCASHMENT
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12
423.78
144.84
22.17
20.58
27.14
25.79
188.46
177.32
33.59
35.46
15.98
14.01
(177.25)
(139.48)
(31.72)
(28.26)
0.00
0.00
(132.84)
82.43
31.69
7.81
(25.84)
2.31
0.00
0.00
0.00
0.00
0.00
0.00
302.15
265.11
55.73
35.59
17.27
42.10
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(6.94)
0.00
0.00
0.00
0.00
0.00
0.70
0.00
9.13
0.00
0.00
302.15
258.87
55.73
44.72
17.27
42.10
Additional provision made during the year
n }l
1HWH[SHQVHUHFRJQL]HGLQ3URW /RVV
Account and included in Staff Cost
V.
{} {{{ x
Reconciliation in the Net Liability recognized in the Balance Sheet
.
ij
Sr
No
1
2
3
4
VI.
Particulars
dil Opening Net Liability

Expense recognized
ddil &RQWULEXWLRQV%HQHWVSDLG
d Closing Net Liability
ìl (` in crores)
m
dm
srr gjgjgjz
PENSION
PLANS
31.03.13 31.03.12
384.07
588.87
302.15
265.81

269.22
384.07
GRATUITY
PLANS
31.03.13 31.03.12
77.00
101.86
55.73
44.72

99.73
77.00
LEAVE
ENCASHMENT
31.03.13 31.03.12
208.28
178.57
17.27
42.10

208.92
208.28
(ìl (` in crores)
mb{ {gjb Actual Return on Plan Assets
bij
Sr
No
VII.
srr gjgjgjz
GRATUITY
PLANS
ilildl
10
dm
PENSION
PLANS
31.03.13
Fund refunded by 2nd Optee directly to Pension Fund

9
m
Particulars
Sr.
No.
(ìl (` in crores)
l{ {{ $PRXQWUHFRJQL]HGLQWKH3URW /RVV$FFRXQW
IV.
Particulars

wd ilil Acturial gain (loss) on plan assets
wd ild Actual return on plan assets
m
dm
PENSION PLANS
31.03.13
31.03.12
GRATUITY PLANS
31.03.13
31.03.12
177.25
139.48
31.72
28.26
13.47
11.48
6.24
(4.53)
190.72
150.96
37.96
23.73
gjgj{f {b{gj |j
Principal Actuarial Assumptions (expressed as weighted averages)
.
ij
Particulars
Sr
No
1
2
3
m
dm
srr gjgjgjz
PENSION
PLANS
GRATUITY
PLANS
LEAVE
ENCASHMENT
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12
8.00%
8.50%
8.00%
8.50%
8.00%
8.50%
8.50%
8.69%
8.50%
8.50%
NA
NA
5.50%
5.00%
5.50%
5.00%
5.50%
5.00%
}} Discount rate

il d Expected rate of salary increases
134

bxb
& 2WKHU/RQJ7HUP%HQHWV
(` il
l{ {{
31.03.13
31.03.12

z
.
ij

~}} il

ww d

8.93
12.10
(` in crores)
Sr
No
Recognized in
3URW /RVV$FFRXQW
3DUWLFXODUV
31.03.13
Resettlement Allowance
2
3
31.03.12
0.06
1.73
Leave Fare Concessation
11.00
8.75
Silver Jubilee Award
(2.13)
1.62
8.93
12.10
Total
bx{d{
D.
Unamortized Pension and Gratuity Liability
w il il il l il d n

dkl w ilh h
il d il f il
d il il h il l
` il il il il
ild ` ilil ild `
il n il il e
il il f il
l d

,Q DFFRUGDQFH ZLWK JXLGHOLQHV LVVXHG E\ 5%, YLGH 1RWLFDWLRQ

No. DBOD.No.BP.BC.80/21.04.018/2010-11 dated February
9, 2011, provision for ` 102.48 crore has been made for the
year ended 31.03.2013 towards the amortization relating
to enhancement in Gratuity limit and re-opening of pension
option for existing employees (representing 1/5th of the total
unamortized liability amounting to ` 512.38 i.e ` .102.48 crore
being the amount of amortized balance to be charged to the
SURW ORVV DFFRXQW GXULQJ WKH QDQFLDO \HDU 7KH
unamortized liability relating to enhancement in Gratuity limit
and re-opening of pension option for existing employees as on
31.03.2013 is as under:
m
` il

dm
(` in crores)
gj
PENSION PLANS
GRATUITY PLANS
TOTAL
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12
31.03.13
31.03.12
150.09
225.14
54.85
82.28
204.94
307.42
150.09
225.14
54.85
82.28
204.94
307.42
gj{lvrlgj

lv
Business Segments
z Particulars
w Revenue
Result
dd}n Unallocated expenses
2SHUDWLQJSURW
dilil
6.
Consolidated Segment Reporting (AS-17):
(ìl (` in crores)
lm
Treasury
{z
gj
rgj
bgj
Corporate/
Wholesale Banking
Retail Banking
operations
Other banking
operations
2012-13
2011-12
2012-13
2011-12
2012-13
2011-12
2012-13
2566.72
1780.98
5549.09
3682.21
2310.17
2323.36
109.81
105.77
(145.84)
845.36
453.92
321.43
322.38
79.26
1LO
gj
Total
2011-12
2012-13
2011-12
75.01 10535.79
7861.56
50.40
([WUDRUGLQDU\SURWORVV
1HWSURW
nd Segment assets
dd}d Unallocated assets
gjb{ Total assets
nh Segment liabilities
dd}h Unallocated liabilities
w ddd
680.86
0.00
15.90

582.73
228.15
1LO
1LO
1LO
1LO
1LO
1LO
1LO
1LO
1LO

Taxes including deferred taxes
d
1351.82
33059.01 27351.50 49144.12 37906.74 28171.06 19206.61
32133.33 26498.57 45624.68 36303.99 26168.25 18397.63
5841.23
6392.13
5202.35 116215.42 89667.20

765.29
1488.62
116980.71
91155.82
4997.96 110318.39 86198.15

236.47
Capital & Other Reserves
gj{f Total liabilities
135
215.67
6425.85
4742.00
116980.71
91155.82
il nwn w il dil

il d f w d f d e
il il
n d il il n l il d
il il il h h d w l}il il
n il
l}il il lil l l d h il
ilw
L ilildd ` il ild
LL il hil il e il f il il }
il dil d
LLL hil il il dil il l}il f
` ilil
g n il d ilh h d il
il diln il
il il il dil il il il d il
il
gjlv
il il il il il il d d ile il n

lgjxgjr

e
b)
c)
d)
e)
Geographical Segment
Since the operations of the Bank are within India only, Geographical
Segment is not applicable.
7.
Accounting Standard 18 Related party disclosures:

The details in this regard are as under:
(a)
(b)
Subsidiary of the Bank The Maharashtra Executor &

Trustee Co. Pvt. Limited
Associate of the Bank Maharashtra Gramin Bank
(c)
Key Management Personnel(1)
Shri Narendra Singh, Chairman & Managing Director

(from 01.02.2012)
(2)
Shri C.VR.Rajendran,
01.03.2012).
Executive
Director
(from
(B) Transactions with Related parties

(` in crore)
Particulars
Salary & Allowances
(including perquisites)
31.03.13
31.03.12
0.43
0.48
The transactions with the subsidiary and associate of the

bank have not been disclosed in view of para 9 of the AS18 Related Parties Disclosures, which exempts state controlled
enterprises from making any disclosure pertaining to their
transactions with other state controlled related parties.
hh il il} il } il il d il d

il d il il il} il w il
w il f il d w il
fil il}il ~}
lgj{b
z

}d
`
`
}dil

il ilfdd
il`n
` `
n eim} il dn
nn

dnwil `
`

`
`
Treasury segment includes Investment, balances with Banks

outside India, Interest accrued on Investments and related
income there from.
Corporate/ Whole sale Banking Segments include all advances
WR WUXVWV SDUWQHUVKLS UPV FRPSDQLHV DQG VWDWXWRU\ ERGLHV
which are not included in Retail Banking Segments.
Retail Banking Segments include exposure to the individual
person/ persons or to a small business where
i.
total average annual turnover is less than ` 50.00 crore
and
ii.
no aggregate exposure to one counter part exceeds 0.2%
of the overall retail portfolio of the Bank and
iii. The maximum aggregated retail exposure to one
counterpart is up to ` 5.00 crore.
Other Banking Operations segment includes all other banking
WUDQVDFWLRQQRWFRYHUHGXQGHUVHJPHQWVVSHFLHGDERYH
Business operations of subsidiary company is included in other
banking operation on account of materiality.
(A) Name of the Related Parties and their relationship:
gj x{ gjbdgjx
il ilil d il
} himim}h}}
il
n ilil il
} il
{z xgjgj
dil
dwililil
l x{
(` il
z

d

a)
8.
Accounting Standard 20- Earning per Share

Particulars
Basic / Diluted E.P.S.
Calculation of Basic / Diluted EPS
a) 1HW3URWDIWHU7D[DQGSUHIHUHQFH
dividend plus tax on dividend (` in lakh)
b) Weighted Average number of

Equity Shares (Nos. in Lakhs)
c) Basic Earnings per share
(a) divided by (b)
d) Nominal Value per Share
136
31.03.2013 31.03.2012
` 12.04
` 7.71
` 71061.12 ` 37188.93
5899.85
4823.02
` 12.04
` 10.00
` 7.71
` 10.00

bgj gjllgj

n il il d il dil il nil il
d il d d d il il
d il d il d d d il
iln}il
(` il
z
9.
The parent bank has accounted for Income Tax in compliance

with AS 22. Accordingly, Deferred Tax Assets and Deferred Tax
Liabilities are recognized. Major Components of Deferred Tax
Assets & Deferred Tax Liabilities are as under:
(` in crore)
Particulars

nilild
il d il
ililil

dw }h

142.17
368.66

ilil

100.70

106.72

d ililil

dild

158.41

74.22
142.68
142.17
368.66
1) On account of Special Reserve
29.28
29.28
2) On account of Depreciation on
Investment
68.45
77.44
3) On account of Depreciation
on Fixed Assets
2.97
0.00
Total
100.70
106.72
Net Deferred Tax Asset
41.47
261.94
10. Accounting Standard 26 Accounting for Intangible Assets

Computer Software other than internally generated:
Useful life
3 years
Amortization Rate
33.33%
Amortization Method
Straight line at cost

(` in crore)
Particulars

b{ gjbmgjlgj

il d il il d ile il e
ehnilildileilildil
xbgjgj{f bbgjgjb{ lgj
0.00
2) On account of provisions for

(PSOR\HHVEHQHWV
Deferred Tax Liability
(` il

1) On account of timing difference

towards provisions for Bad &
Doubtful Debts
Total
lgjb{ b{ gjlgj

il}m}dil ildl
f d

n
z
ild m}
ilh m}
il
il d we
e
31.03.2012
3) Other Provisions where

DTA is created
b~{gj{
d ilil
31.03.2013
Deferred Tax Assets
b~{gjb{
d
ilhdilil
Accounting for Taxes on Income (AS-22):
ild dilild ilhile

ildil
13. dd dd ild }n

d il d il dn il
w il kl il f w eil
dldd dn dil~wn il
31.03.2013
31.03.2012
Software at the beginning of the year
2.92
4.01
Software acquired during the year
4.13
2.90
Amortization during the year
3.33
3.99
Net carrying amount at the

end of the year
3.72
2.92
11. Impairment of Assets (AS-28):

%DQN KDV LGHQWLHG WKDW WKHUH LV QR LPSDLUPHQW RI [HG DVVHWV
and as such no provision is required as per AS-28.
12. Provisions, Contingent Liabilities & Contingent Assets

(AS-29):
In the opinion of the management, no provision is required
against contingent liabilities referred in Schedule 12.
13. Work is in progress for adjustment/ reconciliation/elimination
of inter-branch transactions, transactions with other banks/
institutions, nominal accounts and old entries under other
assets and liabilities. Further reconciliation between balances
in subsidiary and general ledger in respect of certain deposit
137

n dd ildd
d dd ildndil
il wilwil eil il
wilild eilw

accounts, clearing accounts, other assets & liabilities and

LQWHUEUDQFK WUDQVIHU RI [HG DVVHWV LV VWLOO XQGHU SURJUHVV
The effect of these including the consequential impact thereof
on the revenue is not ascertainable. In the opinion of the
management consequential impact there off on revenue is not
material.
14. Goodwill and carrying amount of investment.
l{ l{

Goodwill of ` 22.96 crores (` 23.18 crores) pertains to

associate as on 31.03.2013.
il ` il ` il il n il

During the year, the bank has infused ` 4.66 crore in the form
of capital in Maharashtra Gramin Bank. Based on the intrinsic
value of share of Maharashtra Gramin Bank, ` .4.88 crore
has been shown as carrying amount of fresh investment and
` FURUHLVLGHQWLHGDVFDSLWDOUHVHUYHRXWRIIUHVKLQIXVLRQ
made which is adjusted with opening balance of goodwill
arises from same associate.
il il } il w il ` il

il w e } il il il il d
` il h il n e e h
` ilil w ddil e w f
nildililwil e
2WKHUVLJQLFDQW1RWHVRQ$FFRXQWV
l{ brrz

These are set out under Notes on Accounts as given in the

Stand alone Financial Statements of Bank, its subsidiary and
the associate.
eil fn n } il d il d eil il

il e
16. w il dil d il dil il

ilil ilf ildil w
il
16. 3UHYLRXV \HDUV JXUHV KDYH EHHQ UHJURXSHG UHFODVVLHG

wherever considered necessary to make them comparable with
FXUUHQW\HDUVJXUHV
138
gj { gjfgj{gj gjz

(`w` in Thousands)
31-03-2012
STATEMENT OF CONSOLIDATED CASH FLOW FOR THE YEAR ENDED 31ST MARCH 2013
31-03-2013
Particulars
.
A.
{x gj
CASH FLOW FROM OPERATING ACTIVITIES:
d Income
ilde w
Interest received during the year from advances, Investments etc.
dd Other Income
rfx Less: Expenditure & Provisions
9613,44,36
922,34,57
7213,98,51
647,57,37
10535,78,93
7861,55,88
ilwf ilw
Interest Paid during the year on Deposits and Borrowings
6579,58,61
1797,87,59
Operating Expenses

h dililh Provisions & Contingencies
gjgjdgjbbxgj gjgjzgj
1389,24,20
Net Increase in Cash due to Increase of Income over Expenses
4696,46,05
1643,85,47
9766,70,40
1084,43,27
769,08,53
7424,74,79
436,81,09
mv gj f b{

Add
: Non Cash Items & Items Considered Separately

h dililh Provisions & Contingencies
d Depreciation on Fixed Assets
d dw Share of earnings / loss in Associates
dilkl 3URW/RVVRQVDOHRI)L[HG$VVHWV

dilw Interest on Income Tax demand
hdedew Interest on Bonds, PCPS and IPDI
1389,24,20
73,93,33
-9,43,96

248,10,85

1701,95,52
1084,43,27
65,66,50
-5,92,60

5,87,57
229,95,82
2471,04,05
230,02,50
}hil Less: Direct Taxes Paid (Net)

bm{gj, &DVK3URW*HQHUDWHG)URP2SHUDWLRQV
{{b gj gj Increase/(Decrease) of Operating Liabilities:
w Deposits
f },,,il ~il Borrowings (Excl Tier I/II Bonds)
dh Other Liabilities & Provision
{{b gj Total of Increase of Operating Liabilities
rf b{ gj gj
,
Less : Increase/(Decrease) of Operating Assets

Investments
d Advances
dd Other Assets
gjb{ gj gj Total of Increase of Operating Assets

{b{ {{b ,,
Net Increase of Operating Liabilities Over Operating Assets
1379,91,06
1816,72,15
477,64,17

17808,24,74
5932,73,78
-1637,04,03
9683,06,61
3868,18,62
-829,81,83
22103,94,49
12721,43,40
5403,73,56
19411,01,35
-481,95,17
3530,32,95
9178,99,85
-130,63,02
24332,79,74
12578,69,78

(II)
-2228,85,25
142,73,62
(A) = (I+II)
12,16,30
1481,81,60
{x gj $ ,,,

CASH FLOW FROM OPERATING ACTIVITIES
l {x gj

B.
CASH FLOW FROM INVESTING ACTIVITIES

d ilkl Sale of Fixed Assets
d ilkl Purchase of Fixed Assets
Investment made in Associates
5,73,76
-126,86,77
-4,66,00
69,55,74
-68,89,43
-15,87,00
{x gj l
Net Cash Flow Form Investing Activities
(B)

|z{x gj
C.
CASH FLOW FROM FINANCING ACTIVITIES:

i) il w il

Issue/(Redemption) of Subordinated Bonds
ii) eim} h hh Dividend on Equity & PNCPS
iii) il Dividend Distribution Tax
iv) hdede w Interest on Bonds, PCPS and IPDI
v) eim} d il w il Issue of Equity Shares
|z{x gj Cash Flow From Financing Activities

gjgjgj gjl Total Cash Flow During The Year
-125,79,01
600,00,00
-185,57,03
-30,10,41
-248,10,85
405,99,99
-15,20,69
-125,93,18
-20,91,57
-229,95,82
605,09,63
(C)
542,21,70
228,29,06
(A+B+C)
428,58,99
1694,89,97
rs gjbgjv gj bgj{{gj{gj

Note:3UHYLRXV\HDUJXUHVKDYHEHHQUHJURXSHGDQGUHFODVVLHGZKHQHYHUQHFHVVDU\
139
Particulars
31-03-2013
(`w` in Thousands)
31-03-2012
3846,00,41
{x{ REPRESENTED BY gjb gj gj gj

Cash and Cash equivalents at the beginning of the year
w ililil d Cash & Balance with RBI

il ild}
4535,47,79
Balances with Banks & Money at Call & Short notice
1208,77,90
203,35,31
5744,25,69
4049,35,72
5265,29,20
4535,47,79
907,55,48
1208,77,90
gjb{ gj gj gj

Cash and Cash equivalents at the end of the year
w ililil d Cash & Balances with RBI

il ild}
Balance with banks & money at call & Short notice
gjgjgj TOTAL CASH FLOW DURING THE YEAR
6172,84,68
5744,25,69
428,58,99
1694,89,97
b{r
gj
bm
A P BHATIA
B. PIPARARIYA
C. VR. RAJENDRAN
NARENDRA SINGH
il n
nil
ililil
dh il
Executive Director
il} ild AS PER OUR REPORT OF EVEN DATE ATTACHED

gj{ fgjsfvgj
gj{ vf fvffr
gj{ gj{ fvv{
gj{ m fvgj
gj{ m fvgj
gj{ fvgj
For G Basu & Co.
hldhh
hldhh
hldh
hldhh
hldhe
hldhe
FRN 000837N
FRN 006791N
FRN 105215W
FRN 001111N
FRN 301174E
FRN 318121E
nil
nil
nil
nil
nil
nil
bs
b
v
mt
mgj
gj
Ashish Chhabra
Arvind Singhal
Sandeep D Welling
Rajesh Sethi
Manoj Kumar Das
Saunak Ray
Partner
Partner
Partner
Partner
Partner
Partner
kl
kl
kl
kl
kl
kl

il d
Place : Pune
Date : 29th April, 2013
140

fgjsfvgj
nil
hd
im}

vf fvffr
nil

il
e
gj{ fvv{
nil
l
ilwil

m fvgj
nil
im}

f
m fvgj
nil
h
f
ilil
fvgj
nil
hddilil}
}imd

N. Kumar Chhabra & Co.,

SCO 1094-95,
Sector 22-B,
Chandigarh - 160 022
DSP & Associates,

783, DeshBandhu Gupta,
Road, Karol Bagh,
New Delhi - 110 005
Kirtane & Pandit,

Sangati, Bhakti Marg,
Off Law College Road,
Pune - 411 004
J. C. Bhalla & Co,

B/5, Sector 6,
Noida,
U.P. - 201 301
G. Basu & Co,

3, Chaowringhee Approach,
Basu House,
Kolkata - 700 072

S R 31, Ashoka Market,
Station Square,
Bhubaneshwar - 751 001
lgj gj r
AUDITORS REPORT

gjbjr gjgjv
|z r
il dl } fil il il hil il il
il il w il il
il d n f il il il h il il
d n il d d }il
h il nil
n il d il dl } il
n nd il d n nil
nnd il

w n d n il n
nd il il w il il il w
ildililildil
ndw ilnild il
ednnd ild w
wd dwn
ilil il il n il wil
ilil ` nil ild f ilil
` n il il il
n il wil fil
w il il il il il `
ne il ndnil il e
wil } il e e il il il
ildnil il e } d
il il nil w n Cil
il
d n Cil il il

il dd ildil ildil
n il il d d il
ileil ilil ilnilhh ilhh
ilw il} il

To,
The Board of Directors of Bank of Maharashtra
Report on Financial Statements

:H KDYH DXGLWHG WKH DFFRPSDQ\LQJ &RQVROLGDWHG QDQFLDO VWDWHPHQWV RI
Bank of Maharashtra, its one subsidiary and one associate (the Group)
as at 31st March 2013 which comprise the Consolidated Balance Sheet
DV DW 0DUFK DQG WKH &RQVROLGDWHG 3URW DQG /RVV $FFRXQW
and the Consolidated Cash Flow statement for the year then ended,
DQG D VXPPDU\ RI VLJQLFDQW DFFRXQWLQJ SROLFLHV DQG RWKHU H[SODQDWRU\
information.
2.
The Financial Statements of parent (i.e. Bank of Maharashtra) audited
by us and incorporated in these statements incorporate the returns of
20 branches and the returns of 711 branches audited by other Branch
Auditors.
The branches audited by us and those audited by other auditors, as
informed to us, have been selected by the Bank in accordance with
the guidelines issued to the Bank by the Reserve Bank of India. Also
LQFRUSRUDWHG LQ WKH %DODQFH 6KHHW DQG WKH 6WDWHPHQW RI 3URW /RVV RI
parent are the returns from 997 branches which have not been subjected
WR DXGLW EXW FHUWLHG E\ WKH PDQDJHPHQW 7KHVH XQDXGLWHG EUDQFKHV RI
Parent account for 10.51 per cent of advances, 25.06 per cent of deposits,
and 14.19 per cent of interest income and 12.54 per cent of interest
expenses of the Parent.

:H GLG QRW DXGLW WKH QDQFLDO VWDWHPHQWV RI VXEVLGLDU\ ZKRVH QDQFLDO
VWDWHPHQWV UHHFW WRWDO DVVHWV RI ` 774.33 lacs as on 31st March, 2013
DQG QHW SURW RI ` 12.61 lacs for the year ended on that date, and
DVVRFLDWH ZKRVH QDQFLDO VWDWHPHQWV UHHFW WKH *URXS VKDUH RI SURW
of ` 943.96 Lacs for the year ended on that date as considered in
FRQVROLGDWHG QDQFLDO VWDWHPHQWV 7KHVH QDQFLDO 6WDWHPHQWV KDYH EHHQ
audited by other auditors whose reports have been furnished to us and
our opinion in so far as it relates to the amounts included in respect of the
subsidiary and the associate is based solely on the reports of the other
auditors.
4.
We report that the Consolidated Financial Statements have been
prepared by the Bank in accordance with the requirements of the
Accounting Standard (AS)21-Consolidated Financial Statements and AS
23 Accounting for Investments in Associates in Consolidated Financial
6WDWHPHQWV DQG RQ WKH EDVLV RI VHSDUDWH DXGLWHG QDQFLDO VWDWHPHQWV RI
the Bank and its subsidiary and associate included in the Consolidated
Financial Statements. These Consolidated Financial Statements have been
drawn up in the form prescribed by the Reserve Bank of India.
|z gjfxgj m
e il il il d il d
w il w il d il
il w il il e w dil
il il fil il d nn
ww il d ilil il il l
Managements Responsibility for the Financial Statements

5.
Management is responsible for the preparation of these consolidated
QDQFLDO VWDWHPHQWV LQ DFFRUGDQFH ZLWK WKH %DQNLQJ 5HJXODWLRQ $FW
complying with Reserve Bank of India Guidelines from time to time. This
responsibility includes the design, implementation and maintenance of
LQWHUQDO FRQWURO UHOHYDQW WR WKH SUHSDUDWLRQ RI WKH QDQFLDO VWDWHPHQWV WKDW
are free from material misstatements, whether due to fraud or error.
lgj gj m
w il il n il d d l
il nilw nil ild
nil enil ild ildld il
il dnil wilnil il
wililimil ilil l
il}dil nil
ililn ww ilil
ililililil nilil
il d e il d wn il il il h
Auditors Responsibility

2XU UHVSRQVLELOLW\ LV WR H[SUHVV DQ RSLQLRQ RQ WKHVH FRQVROLGDWHG QDQFLDO
statements based on our audit. We conducted our audit in accordance with
standards on auditing issued by the Institute of Chartered Accountants of
India. Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about
ZKHWKHUWKHQDQFLDOVWDWHPHQWVIUHHIURPPDWHULDOPLVVWDWHPHQWV
7.
An audit involves performing procedures to obtain audit evidence about
WKH DPRXQWV DQG GLVFORVXUHV LQ WKH QDQFLDO VWDWHPHQWV 7KH SURFHGXUHV
selected depend on auditors judgment, including the assessment of the
ULVN RI PDWHULDO PLVVWDWHPHQW RI WKH QDQFLDO VWDWHPHQWV ZKHWKHU GXH WR
fraud or error. In making those risk assessments, the auditor considers
141
il il dil d fn

il il il h il f n il
il f e e il fl il il il d
h h n d il d f il il
ililil n
il il ndilhfd
il
b

dilwil d }il il
h d
L ilf e } d n il
d w dil il
d il n ilde
il f il il il
dil
LL il n d f il } n
ilil w
il nilil ild d
LLL il filil hil il f
il
gj{

d il d il dil il il il il il
il il il h il n f d il
ilfill ilililkld
il d il il n il il
~} il il il il n il
d il } kl w ilil ilddfd
il il ` il

w d il il Cil
n il
il il ` il ileil
ild}il il
bxgjbgjbb r
d n il d il n il
kll dildil
fl ~ e n il d il d il
il fkl ilddwddf
dil}ilil d ildnild} il il
il wil d il d n il w il w
}ilh dil il d f wil

n il il nd n il w
e
ililnilil
nil ild

internal control relevant to companys preparation and fair presentation

RI WKH QDQFLDO VWDWHPHQWV LQ RUGHU WR GHVLJQ DXGLW SURFHGXUHV WKDW DUH
appropriate in the circumstances. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of
the accounting estimates made by management, as well as evaluating the
RYHUDOOSUHVHQWDWLRQRIWKHQDQFLDOVWDWHPHQWV
:H EHOLHYH WKDW WKH DXGLW HYLGHQFH ZH KDYH REWDLQHG LV VXIFLHQW DQG
appropriate to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the
explanations given to us and as shown by the books of the Group:i.
The Consolidated Balance Sheet, read with the notes thereon and
6WDWHPHQWRI6LJQLFDQW$FFRXQWLQJ3ROLFLHVLVDIXOODQGIDLU%DODQFH
Sheet containing the necessary particulars and is properly drawn up
so as to exhibit the true and fair state of affairs of the Group as at
31st March, 2013 in conformity with accounting principles generally
accepted in India;
LL
WKH &RQVROLGDWHG 3URW DQG /RVV $FFRXQW UHDG ZLWK WKH QRWHV
WKHUHRQ DQG 6WDWHPHQW RI 6LJQLFDQW $FFRXQWLQJ 3ROLFLHV VKRZV
D WUXH %DODQFH RI 3URW LQ FRQIRUPLW\ ZLWK DFFRXQWLQJ SULQFLSOHV
generally accepted in India, for the year covered by the accounts;
and
iii.
the Consolidated Cash Flow Statement gives a true and fair view of
WKHFDVKRZVIRUWKH\HDUHQGHGRQWKDWGDWH
Emphasis of Matter
Without qualifying our opinion, we draw attention to the note 5D in
Schedule 18 which describes deferment of pension and gratuity liability
of the Bank to the extent of ` 204.94 Crore pursuant to the exemption
granted by the Reserve Bank of India to the Public Sector Banks from
DSSOLFDWLRQ RI WKH $FFRXQWLQJ 6WDQGDUG 5HYLVHG (PSOR\HHV %HQHW
vide its circular DBOD.BP.BC/80/21.04.018/2010-11 of February 2011
on reporting of pension option to employees of Public Sector Banks and
Enhancement in Gratuity limits Prudential Regulatory Treatment.

+DG WKH VDLG FLUFXODU QRW EHHQ LVVXHG WKH SURW EHIRUH 7D[ RI WKH %DQN
would have been lower by ` 204.94 Crore pursuant to the application of
the requirements of AS-15 (Revised), the consequential effect of which
KDV QRW EHHQ DVFHUWDLQHG RQ WKH RWKHU UHODWHG FRPSRQHQWV RI WKH QDQFLDO
statements.
Report on Other Legal & Regulatory Requirements

7KH %DODQFH 6KHHW DQG 3URW /RVV $FFRXQW KDYH EHHQ GUDZQ XS
in Forms A' and B' respectively of the Third Schedule to the Banking
Regulation Act, 1949.
10. Subject to the limitations of audit indicated in paragraph 1 to 8 above
and as required by the Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970/1980, and subject also to the limitations of
disclosure required therein, 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 them to be satisfactory.
E7KH UHWXUQV UHFHLYHG IURP WKH RIFHV DQG EUDQFKHV RI WKH JURXS KDYH
been found adequate for the purpose of our audit.
F,Q RXU RSLQLRQ WKH &RQVROLGDWHG %DODQFH 6KHHW &RQVROLGDWHG 3URW DQG
Loss Account and Consolidated Cash Flow Statement comply with
the applicable Accounting Standards.
gj{ fgjsfvgj
gj{ vf fvffr
gj{ gj{ fvv{
gj{ m fvgj
gj{ m fvgj
gj{ fvgj
For G Basu & Co.
hldhh
hldhh
hldh
hldhh
hldhe
hldhe
FRN 000837N
FRN 006791N
FRN 105215W
FRN 001111N
FRN 301174E
FRN 318121E
nil
nil
nil
nil
nil
nil
bs
b
v
mt
mgj
gj
Ashish Chhabra
Arvind Singhal
Sandeep D Welling
Rajesh Sethi
Manoj Kumar Das
Saunak Ray
Partner
Partner
Partner
Partner
Partner
Partner
kl
kl
kl
kl
kl
kl

il d
Place : Pune
Date : 29th April, 2013
142
143
144
.
-2012 -
.
( ): .. , , ,
, , . ,
, , .. , ,
. . , .
Union Finance Minister, Shri. P. Chidambaram launching Bank
of Maharashtra RuPay Kisan Card during BANCON 2012
hosted by Bank in association with IBA at Pune.
Seen in Photo (L-R): Shri A. P. Hota, MD & CEO, NPCI, Shri.
Narendra Singh, C & MD, Shri P. Chidambaram, Union
Finance Minister, Govt. of India, Shri. K. R. Kamath,
Chairman, Indian Banks' Association and Shri. C VR
Rajendran, ED.
, `` ''
-
.
( ): .. , , ,
, , , , ,
, , ,
, .
UPA Chairperson, Smt. Sonia Gandhi launching Bank of
Maharashtra RuPay Card during the launch of Delhi
AnnshreeYojana at Delhi.
Seen in Photo (L-R): Mr. P K Tripathi, Delhi Chief Secretary,
Smt. Sheela Dikshit, Chief Minister, Delhi, Smt. Sonia Gandhi,
UPA Chairperson, Mr. Nandan Nilekani, UIDAI Chairperson,
Mr. Haroon Yusuf, Food & Supply Minister, Delhi Government.
,
. ,
, .
( ): , . ,
, . , , .. , ,
. , ,
.
Bank inaugurated second ATM Gallery at Head office, Lokmangal,
Pune in the esteemed presence of Shri Narendra Singh, at the hands
of Shri Ajay Banerjee, Chief General Manager.
Seen in Photo (L-R): Shri S. Bharatkumar, General Manager, Shri
Ajay S. Banerjee, Chief General Manager, Shri V. E. Dalvi, General
Manager, Shri Ashok A. Magdum, General Manager, Shri Narendra
Singh, Chairman & Managing Director and other dignitaries.
Third Best Bank

under PSU
By-SFBC Kerala

2013 PDF

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

2013 PDF

Uploaded by

Copyright:

Available Formats

ANNUAL REPORT

Annual Report 2012-13

Statement of Chairman & Managing Director

ilil wh wh

il il w ilil

Report of the Board of Directors on Corporate Governance

Consolidated Financial Statement

N. Kumar Chhabra & Co.

DSP & Associates

Kirtane & Pandit

J C Bhalla & Co.

G Basu & Co.

Singh Ray Mishra & Co.

Annual Report 2012-13

Annual Report 2012-13

Annual Report 2012-13

Annual Report 2012-13

{fgjm PROGRESS AT A GLANCE

il `il %XVLQHVV3HU(PSOR\HH `FURUH

il ` n 3URW3HU(PSOR\HH `ODNK

dd d 5HWXUQRQ$YHUDJH$VVHWV

hh ilil 3ULRUL\&UHGLWWR$GMXVWHG1HW%DQN&UHGLW

(%) Key Performance Ratios (%)

Annual Report 2012-13

Annual Report 2012-13

Shri Narendra Singh

Chairman & Managing Director

dililil ilil dilil h

ililil il dilil il~

|  rb~gj{z

(FRQRPLF DFWLYLWLHV LQ PDMRU JOREDO HFRQRPLHV LQ  VKRZHG

 n il dd dil

ilililil dil e l ililw

Annual Report 2012-13

Performance of the Bank

dilililililil ` ilil 

il il il w  il `  il il 

ildil ` ilil w

Annual Report 2012-13

il il w d  il  w  il

ildililil fil dil

 il il il il d `  il w

dililil wd nwil ~il

 il `  il w

7KH 2SHUDWLQJ SURWV KDYH VKRZQ D UHPDUNDEOH ULVH IURP ` 1,515.24

Annual Report 2012-13

Cost, Yield & Margin

d il dil il il l il

dwild dhilw ilil

$ UREXVW FUHGLW PRQLWRULQJ V\VWHP DQG VXEVWDQWLDO UHFRYHU\ LQ QRQ

il ww hdeh 

d dil w ililil

Annual Report 2012-13

 il  il  il  w il dil

Capital Adequacy Ratio

ilhil ilil d ` 

Branch Network & Delivery Channels

Annual Report 2012-13

il il il f il il h il il il }l

Human Resource Management

Priority Sector lending and Financial Inclusion

ild ilil il il il

Annual Report 2012-13

ilil wh wh

{fgjm PROGRESS AT A GLANCE

il `il %XVLQHVV3HU(PSOR\HH`FURUH

il ` n 3URW3HU(PSOR\HH`ODNK

ililil il dilil il~

| rb~gj{z

(FRQRPLF DFWLYLWLHV LQ PDMRU JOREDO HFRQRPLHV LQ VKRZHG

n il dd dil

ilililil dil e l ililw

dilililililil ` ilil

il il il w il ` il il

ildil ` ilil w

il il w d il w il

ildililil fil dil

il il il il d ` il w

dililil wdnwil ~il

il ` il w

d il dil il il l il

$ UREXVW FUHGLW PRQLWRULQJ V\VWHP DQG VXEVWDQWLDO UHFRYHU\ LQ QRQ

il wwhdeh

d dil w ililil

il il il w il dil

ilhil ilil d `

ild ilil il il il

w il d il dil il

il il ilf il CCil

)RU HQFRXUDJLQJ VWXGHQWV DQ DQQXDO VFKRODUVKLS VFKHPH QDPHG

il il il il il il

kl il h il

il n il dl

ilililil hw il

d il eil

d il

fhhil il w eld

ildild hil }il e w

dil il il f d

il hhil ildilil d

il dil ~ il

ilil ilw il il ` ililil

ililw il e d

31.03.2012 ` il il il

f il il w d w

}z gj}m

d il n il } il il wil

LY ,URQ 6WHHO

Y 1%)&V 7UDGLQJ

nd ilil fild il } il il

` n il il w ~} dil il dwil d hh

` n il il w dwil

2012-13 ` il ` il il d

31.03.2012 ` il il

w il h h ` il il

il il wil il hw} il ` il il

il il h } hh il