Annual - Report - 2012 Indian Bank

i i Annual Report 2011 - 12
7
NOTICE
NOTICE is hereby given that the Sixth Annual General Meeting of the Shareholders of Indian Bank will be held on Friday, the
June 29, 2012 at 10.00 a.m. at IMAGE Auditorium, MRC Nagar, Raja Annamalaipuram, Chennai - 600 028 to transact the
following business:
1. Todiscuss,approveandadopttheAuditedBalanceSheetoftheBankasatMarch31,2012,theProftandLossAccountfor
the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period
covered by the Accounts and the Auditors Report on the Balance Sheet and Accounts.
2. To declare dividends for the year ended March 31, 2012, if any.
By Order of the Board of Directors
Place : Chennai T M Bhasin
Date : May 25, 2012 Chairman and Managing Director
HeadOffce:66,RajajiSalai,Chennai-600001.
CorporateOffce:254-260,AvvaiShanmugamSalai,Royapettah,Chennai-600014.
NOTES
1. AppOINTMENT OF pROxy:
A SHAREHOLDER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO AppOINT A pROxy TO ATTEND
AND VOTE INSTEAD OF HIMSELF / HERSELF AND SUCH pROxy NEED NOT BE A SHAREHOLDER OF THE BANK.
TheProxyForm,inordertobeeffective,mustbereceivedattheCorporateOffceoftheBanknotlessthanfourdaysbefore
the date of the Annual General Meeting i.e. before the closing hours of the Bank on Saturday, the June 23, 2012.
2. AppOINTMENT OF AN AUTHORIZED REpRESENTATIVE:
No person shall be entitled to attend or vote at the Annual General Meeting as the duly authorized representative
of any body corporate which is a shareholder of the Bank, unless a copy of the resolution appointing him / her as a
duly authorized representative, certifed to be a true copy by the Chairman of the meeting at which it was passed,
has been deposited at the Corporate Offce of the Bank with the Company Secretary, Indian Bank, Investor Services
Cell, Wing 2 C, 2nd Floor, No.254-260, Avvai Shanmugam Salai, Royapettah, Chennai - 600 014, not less than four
days before the date of the Annual General Meeting i.e. on or before the closing hours of the Bank on Saturday, the
June 23, 2012.
3. ATTENDANCE SLIp-CUM-ENTRy pASS:
For the convenience of the shareholders, Attendance Slip-cum-Entry Pass is annexed to this Notice. Shareholders /
Proxy holders / Authorized representatives are requested to affx their signatures at the space provided therein and
surrendertheAttendanceSlip-cum-EntryPassatthevenue.Proxy/AuthorizedRepresentativeofashareholdershould
stateontheAttendanceSlip-cum-EntryPassasProxyorAuthorizedRepresentativeasthecasemaybe.
8
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9
4. BOOK CLOSURE:
The Register of Shareholders and Share Transfer Register of the Bank will remain closed from Wednesday, the
June 27, 2012 to Friday, the June 29, 2012 (both days inclusive) for the purpose of Annual General Meeting and for
ascertaining the entitlement of shareholders for payment of dividend.
5. pAyMENT OF DIVIDEND:
Payment of dividend to shareholders as approved by the shareholders shall be paid to those shareholders whose names
appear on the Register of Shareholders of the Bank as on Tuesday, the June 26, 2012 and in respect of shareholders
holding their shares in dematerialized form as per the list provided to the Bank by the Depositories as on Tuesday, the
June 26, 2012 and the dividend warrants shall be mailed / credited within 30 days from the date of Annual General
Meeting.
6. TRANSFERS:
SharecertifcatesalongwithtransferdeedsshouldbeforwardedtotheShareTransferAgentattheaddressgivenin
Para (8) below for the transfer of shares of the Bank.
7. DETAILS OF BANK ACCOUNT IN DIVIDEND WARRANTS / NATIONAL ELECTRONIC FUNDS TRANSFER FACILITy
(NEFT)/ NATIONAL ELECTRONIC CLEARING SERVICE FACILITy (NECS):
The Bank is taking efforts to credit the dividend amounts to the bank accounts of the shareholders through National
Electronic Funds Transfer (NEFT) / National Electronic Clearing Service (NECS) facility, wherever possible. The
shareholders, who are holding the shares in electronic form, are, therefore, requested to inform their Depository
Participants about their latest change of address and bank mandate details (including new account number, if any,
banksMICRandIFSCodenumbers)immediatelytoensurepromptcreditingofthedividendamountsthroughNEFT/
NECS.IntheabsenceofsuchNEFT/NECSfacilityandintheeventofsomeshareholdersnotavailingsuchfacility,the
Bank shall print the Bank Account details, as available with it, in the dividend warrants.
TheShareholderswhoareholdingtheirsharesinphysicalformmaysendtheirBankMandatedetailstotheInvestor
Services Cell of the Bank or to the Share Transfer Agent of the Bank at the address given in Para (8) below on or before
Saturday, the June 23, 2012 for updating of the records.
The shareholders who are holding the shares in demat form may approach their DEpOSITORy pARTICIpANTS ONLy
for necessary action in this connection.
AproformaofNECSMandate/BankMandateisenclosed.
8. CHANGE OF ADDRESS:
Shareholders holding shares in physical form are requested to intimate changes, if any, in their registered address, to
the Share Transfer Agent of the Bank at the following address:
M/sCameoCorporateServicesLimited
(Unit:IndianBank)
Subramanian Building, No. 1, Club House Road
Chennai-600002.
Shareholders holding shares in dematerialized form are requested to intimate changes, if any, in their registered address
andNEFT/NECSmandatedetailsonlytotheirDepositoryParticipant(s).
9. REQUEST TO SHAREHOLDERS
a) Shareholders / Proxy holders / Authorized Representatives are requested to bring their copies of Annual Report to
the Meeting. Please note that copies of the Annual Report will not be distributed at the venue of the Annual General
Meeting.
b) Shareholders may kindly note that no gifts / coupons will be distributed at the venue of the meeting.
10. ShareholderswhowishtoseekanyinformationontheaccountsarekindlyrequestedtowritetotheInvestorServicesCell
oftheBankatitsCorporateOffce,whichshouldreachtheBankatleastoneweekbeforethedateoftheAnnualGeneral
Meeting so as to enable the Management to keep the information ready. Shareholders may note that information/
clarifcationshallbeprovidedonlyattheAnnualGeneralMeeting.
10
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11
DIRECTORS REpORT 2011-12
To
The Members,
Your Directors have great pleasure in presenting the Bank's
Annual Report along with the Audited Statement of Accounts
and the Cash Flow statement for the year ended 31
st
March
2012.
Financial Highlights
The major highlights of the Banks performance are as
follows:
Operatingproftincreasedto`3463.17croreasagainst
`3291.68crorefor2010-11.
Net proft for 2011-12 stood at ` 1746.97 crore as
compared to `1714.07crorefor2010-11.
NetInterestMarginwasat3.43percent.
Returnonaverageassetswasat1.31percent.
Capital Adequacy Ratio was at 13.47 per cent as
comparedto13.56percentasofMarch2011.
Return on Net worth for FY2011-12 was at 18.73 per
cent.
Earningspersharewasat` 39.57 and Book value per
share was `214.94during2011-12.
GlobalBusinessoftheBankreached` 2,11,988 crore
duringtheyear,registeringagrowthof16.8percent.
Total Deposits grew by ` 15,000 crore to ` 1,20,804
crore,agrowthof14.2percentfortheyear2011-12.
Gross Advances were at ` 91,184 crore, registering
an increase of ` 15,458 crore (20.4 per cent) as on
31.3.2012. Overall Credit Deposit ratio was at 75.5 per
cent.
Priority Sector advances at ` 30,027 crore, grew by
`4,058crore(15.6percent).
Agriculturecreditgrewby`2,306crore(20.9percent)
to `13,354croreandaccountedfor18.47percentof
AdjustedNetBankCredit.
During2011-12,totalrecoveryofNPAs(includingAUC)
amounted to `466.26crore.
Gross NPA was at 2.03 per cent and Net NPA was at
1.33 per cent in March 2012.
Under Financial Inclusion project 5.98 lakh No-Frill
accounts have been opened.
Total domestic branch network of the Bank in India
increased to 1955 as on 31.3.2012 and all the branches
are under CBS. Besides, the Bank has 3 overseas
branches.
Total number of ATMs increased to 1280, which
included 357 offsite ATMs and customers can access
more than 89,000 ATMs in the shared network.
Income and Expenditure
Duringtheyear,totalincomeoftheBankincreasedto
`13,463crorewithinterestincomeat` 12,231 crore.
Netinterestincomeat`4418croreregisteredagrowth
of 9.5 per cent.
OntheExpenditureside,theBanksinterestexpenditure
was at ` 7813 crore, an increase of `2488croreor46.7
per cent.
Total operating expenses at ` 2187 crore for 2011-12
has shown an increase of ` 260.67 croreor13.53 per
cent, when compared to ` 1926.33crorein2010-11.
The income and expenditure for the period 2011-12
are given hereunder:
(`. in crore)
2010-11 2011-12 Growth
particulars Actuals Absolute %
TotalInterestIncome 9361.03 12231.32 2870.29 30.7
TotalInterestExpenditure 5324.91 7813.32 2488.41 46.7
NetInterestIncome 4036.12 4418.00 381.88 9.5
NetOperatingIncome 5218.01 5650.17 432.15 8.3
OperatingExpenses 1926.33 2187.00 260.67 13.5
OperatingProft 3291.68 3463.17 171.49 5.2
Provisions & Contingencies
including depreciation
on account of transfer of
securities to HTM category
1577.61 1716.20 138.60 8.8
NetProft 1714.07 1746.97 32.9 1.9
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13
IMpORTANT RATIOS
(in per cent)
parameters 2010-11 2011-12
Yield on Advances 10.28 11.28
YieldonInvestment 6.94 7.29
Cost of Deposits 5.41 6.68
Return on Assets 1.53 1.31
CostIncomeratio 36.92 38.71
Business per employee (` in lakh) 929.75 1114.23
Proftperemployee(` in lakh) 8.88 9.30
DIVIDEND
The Board of Directors has recommended a dividend
of75percentforFY2011-12.Thedividendforfnancial
year 2011-12 shall be subject to tax on dividend to
be paid by the Bank. The total outfow on account of
dividend for FY 2011-12 is ` 362.33 crore excluding
dividend tax. The total dividend payout ratio works out
to20.74%percent.
NET WORTH AND CRAR
TheNetworthoftheBankimprovedto`9637.41crore
as on 31.3.2012 from `8326.55croreason31.03.2011,
refectingagrowthof12.5percent
As per Basel II, the Capital to Risk weighted Assets Ratio
(CRAR)is13.47percentasofMarch2012,comparedto
13.56percentasofMarch2011,againsttherequirement
of 9 per cent.
TheCRARofTierIcapitalwas11.13percentasofMarch
2012 as against 11.02 per cent as of March 2011.
(in per cent)
As on
March 2011 March 2012
Tier-ICapital 11.02 11.13
Tier-IICapital 2.54 2.34
Total 13.56 13.47
In accordance with the priorities accorded by the
Government of India, the Banks Advances to SC/STs
reached ` 2231 crore as on 31st March 2012 constituting
7.4percentoftotalPrioritySectoradvances.
Also,asperGovernmentguidelines,duringtheprocess
of direct recruitment and internal promotions, pre-
recruitmentandpre-promotiontrainingswereofferedto
SC/ST employees.
CHANGES IN THE BOARD DURING THE yEAR
During the period under review, Shri B Raj Kumar as-
sumed charge as Executive Director with effect from
January 1, 2012.
Shri. V RamaGopal, Executive Director demitted offce
on December 31, 2011 on superannuation.
Dr. N Krishna Mohan was appointed as the RBI nomi-
neetotheBoardonMay30,2011.ShriAmarjitChopra,
Chartered Accountant, Part time Non Offcial Director
wasappointedonAugust29,2011.ShriSanjayMaken
and Shri Butchi Rami Reddy were appointed as Part
timeNonOffcialDirectorsonAugust11,2011andon
September 22, 2011 respectively.
Shri Chintaman Mahadeo Dixit was appointed Share-
holder Director on July 01, 2011.
ShriSKaruppasamyandShri.CKRanganathanwere
DirectorsoftheBankupto30.05.2011and30.06.2011
respectively.
DIRECTORS RESpONSIBILITy STATEMENT:
TheDirectors confrm thatin thepreparationof theannual
accounts for the year ended March 31, 2012
The applicable accounting standards have been
followed along with proper explanation relating to
material departures, if any;
The accounting policies framed in accordance with
the guidelines of the Reserve Bank of India, were
consistently applied;
Reasonable and prudent judgment and estimates were
made so as to give a true and fair view of the state of
affairsoftheBankattheendofthefnancialyearandof
theproftoftheBankfortheyearendedMarch31,2012.
Proper and suffcient care were taken for the
maintenance of adequate accounting records in
accordance with the provisions of applicable laws
governingbanksinIndia;and
Theaccountshavebeenpreparedonagoingconcernbasis.
ACKNOWLEDGEMENT
The Board expresses its deep sense of gratitude to the
Government of India, Reserve Bank of India and Securities
& Exchange Board of India for the valuable guidance and
support received from them. The Board also thanks the
fnancial institutions and correspondent banks for their
co-operation and support. The Board acknowledges the
unstinted support of its customers and shareholders.
The Board places on record its sincere appreciation of the
valuablecontributionmadebyShriVRamaGopal,asExecutive
DirectoroftheBankfrom01.04.2011to31.12.2011.
The Board places on record its appreciation of the
valuable contribution made by Shri S Karuppasamy and
Shri.CKRanganathanwhoceasedtobemembersduringtheyear.
The Board places on record its appreciation of the dedicated
services and contribution made by members of staff for the
overall performance of the Bank.
For and on behalf of Board of Directors
CHAIRMAN AND MANAGING DIRECTOR
14
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- lni-, l, - -| ii r|
i li| ii nini - i| l, zoo l-i| i -
c.c lnin l-i| i zoz - .s lnin n lni-
i;|
l-i| i zoz - lini z lnin | l, ln | r
i sos./ ll -|| i i li r, l iin
sz. lnin li ri ss.c l-l -|| i,
l ii n s.s ll -|| i ri|
inni n (|i|) | l-iln zoz s ii
-r-i ni nrn r| il i iini ii-i (||)
i| i| ri n; i | in- - ri n| i iini
ii-i l-i| i zoz - i -i lnin
i s i -i r i l n r ii ni ii
i- ii - l-n- r| iin i i iini ii-i (||),
i l-i| i zoo - i -i i z.c lnin
ii l-i| i zoz | n l ln-ir| -
i -i (|||) .s lnin n i| riil zoz -
| ir s r n |ln r, |i| ili- n |
li |-ni i l i-ii - llnnii | r
i r|
iin i li| ~i l zo n - r soc ll
-|| -i zo n n ssr ll -l|
n ni il i| r n ;|| i ~ili
~i - n| ri r| l, i iini r|
-il i nni | l-iln zoz ii | | r||
nni ii-i zo i ii i-- i iii
ii , - li| -i lii i i
ii n ii r| | nni i| r| i l
lii -n iin |-| lnin li
i|| l i-i i|li i |ii - -in|
-i- l-i+ lii| nni i in li|
i zc a/ ku f o p kj & f o e ' kZ v kSj f o ' y s" k. k
15
A. ECONOMIC ENVIRONMENT
Global Economic Conditions
After suffering a major setback during 2011, global
prospects are gradually strengthening again, but
downside risks remain elevated. Real GDP growth is
forecast to be slow by about 3 per cent in 2012, from
about4percentin2011,andtoreturnto4percentin
2013, according to the International Monetary Fund's
WorldEconomicOutlookApril2012update.
In the advanced economies, growth is projected at
about 1 per cent in 2012 and 2 per cent in 2013.
Because of weak confdence, fscal consolidation,
and still-tight fnancial conditions in a number of
economies, Euro area GDP is forecast to contract in
2012 by about per cent, after expanding by about
1 per cent in 2011. The Euro area is still projected
to go into a mild recession in 2012 as a result of the
sovereigndebtcrisisandagenerallossofconfdence,
the effects of bank deleveraging on the real economy,
and the impact of fscal consolidation in response to
market pressures.
Real GDP growth in the emerging and developing
economies is projected to slow from 6 per cent in
2011 to 5 per cent in 2012 and to reaccelerate to 6
per cent in 2013, helped by easier macroeconomic
policies and strengthening foreign demand.
Indian Economy
GDPisestimatedtodeceleratesharplyto6.9percent
during2011-12,withamarkedslowdowninagriculture,
mining and quarrying, manufacturing and construction
sectors.TheIndianeconomyinrecentyearshasbeen
hit by a combination of high infation, tight monetary
policy and weak global economic conditions.
Whileinfationhasmoderated,riskstoinfationarestill
ontheupside.Infationhaseasedinrecentmonthsto
6.89 per cent in March 2012 as against 6.95 per cent
in the same period of the previous year and is likely to
remain sticky at about current levels during 2012-13.
Price pressures persist with considerable suppressed
infation in oil, electricity, coal and fertilisers, the
incomplete pass-through of rupee depreciation, slow
supply responses and increase in indirect taxes as well
as demand effects of large government transfers.
Industrialgrowthsloweddownsharplyto3.5percent
duringApril-February2011-12from8.1percentinthe
year-agoperiod,ledbycontractioninminingandpoor
performance of the manufacturing sub-sector and
on account of weak demand for consumer durables,
refecting interest rate sensitivity, deceleration in
external demand and subdued investment demand
due to decline in business confdence. Moreover,
capital goods exhibited high volatility which showed
ade-growthof1.8percentinApril-February2011-12
comparedto14.7percentlastyear.
Manufacturing sector growth remained volatile and
grew at 3.7 per cent in the above period as against
8.7 per cent in the same period a year ago. The
growth slowdown has been driven by a sharp fall in
investment, moderation in private consumption and
fall in net external demand.
Core infrastructure industries growth also declined
to4.3percentinFY2011-12from6.6percentinFY
2010-11.
Exports registered 21 per cent growth in FY2012 to
cross US$ 303.7 billion while imports were 32.1 per
cent higher at US$488.6 billion taking the Balance of
TradetoUS$184.9billion.
The Balance of Payments (BoP) position came under
signifcant stress during Q3 of 2011-12 as the current
accountdefcit(CAD)widenedsubstantiallyandcapital
infowsdeclined.Currentaccountdefcitisexpectedto
touch4percentofGDPinFY2011-12,theworstinat
leasteightyearsbecauseofawideningtradegap.India's
currentaccountdefcit(CAD),whichwas2.6percentof
gross domestic product in FY2010-11, widened to 4.3
percentofGDPintheOctober-DecemberquarterofFY
2011-12.Whilecapitalinfowshaverevivedsomewhat
in 2012, BoP risks remain due to high oil prices and
uncertainties in the global economy.
Indias external debt increased to US$ 335 billion
at end-December 2011 from US$ 306 billion at end-
March2011largelyrefectingasharpincreaseinECB
and short term debt.
Monetary and liquidity conditions remained tight
during 2011-12. Liquidity defcit turned large since
November 2011 due to both structural and frictional
factors, mainly forex operations and a buildup of
Governmentscashbalances.Liquidityremainedtight
and was above the comfort level of the Reserve Bank
thatisabove1%ofNDTL.ReserveBanksteppedup
injectingdurablediscretionaryliquiditythroughOMO
purchases and CRR cuts.
MANAGEMENT DISCUSSION AND ANALySIS
16
| lli l-iln ii -i ii i - -n|
i;| rn ii ii i- ii - i |
ln i| n| -iln -n lin ii ii
i- | | - iiiii i i liln lnilni
l |i-| i| i o i| ln so
l zo n s.r lnin | ni - so -i, zoz
n n| s.cs lnin n i|
i zoz i- i -ir ii -i i|,
r i n-n zo ln- nir l zo
- i n i i lii -~ ri| iin|
l i i ,ii l n ii ii i l-i
ri ni l li| llii - --i| i i
i l-ini i - - rini l-|| ; ii i|
-ii - i ln i r l zo
i r.z ln i l- -n -i zoz n ro.s/
ln i -n n ~-i ii| ii -ii |
ni - i -i ri i i i --ln lii
-i c/.so,sz i s.rz,r ri|
l-i, l-i| i zoz - ;l-| ii l-i i|
|; ls i | -iln o.r lnin i zo
ln /o.zo i;- ri| l-| s.zz lnin
| ln rzsr.rr i;- r||
e kSf n zd ? kV u k e
s -i zoz n ln ilil i | -i ilii
- ls i ii r.s lnin | l, | ni - /.
lnin | l, r;| -in -i l, i i - ii--
l-i lii;, ln so -i zoz i sso ll
-in r;|
~i -i -n ri, niil, i ii | i -i
ln- i -r|i - n iin ~i o lnin | l,
ii -i zoz n - ~i - s.s lnin | l, r;|
-il |ln n zo n ni -i-|ln lii| i||
; i - rin| r; l, i -i-|ln | nln - lni-
l- zo -il |ln i n--i i l
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i l ilin in (|ii) zr ||
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li i |lnnn i i s -;, zo n r /.zr lnin
zs |, zoz i s.r lnin n | l, i n--i
ii ni| illi nni in i s l, zoo z
lnin ii ni ii|
zoz ii l ` .s l-l | ili
i ii li (i-i) i| i |ii - -in|
-i- ` o.s l-l | ili i iil- nni i
in li|
f o L r `r d kj ksc kj l e h{ kk
ls i ` ,s,rso i i l iii
-i s, zoz ` z,,sss i ri ni i ` so,rs i i
c.s lnin | n iini r|
i| iii - ` z/,cs i | l, r -i s,
zo n `,/,ss i ` z,oz,osz i ri ni
i r.r lnin | n iini r|
l al k/ ku l ax zg . k %
| l -i ilii s -i zoz i ` ,zo,ooo i
i i i ` ,zo,so i ri n;, l
ls i r ` ,or,so i i|| ;- .z lnin
| l, ii ` r,ooo i | l, r;| | i|
-iilii ls i ,oz,ssz i `s,o i
s -i zoz i ` ,r,//z i ri n;| ; i ;-
s. lnin | l, r;|
s -i zoz i ii -iilii ls i ` sz,css i
` sc,scc i ri n;| ;- s.o lnin
| l, r; r|
_ . k n su k %
ln- s -i zo ` /r,/zc i
-i s -i zoz i zo. lnin | l, n r
s,s i -n r n| i| ~i - `s,/zs
i i ;ii ri (s.s lnin) i r ls i
` /z,rs/ i -i s -i zoz i ` sc,so i
ri ni|
i| iinn ~i ls i `/,oc/ i -i
`s,rss i (s. lnin) s -i zoz i
`s,cco i ri ni r|
l ~i -i (||) in s -i zoz i /r.r lnin
ii|
' kk[ kk r a= v kSj f o L r kj %
iin - iiii n i l-ni li i sr iiii
ii -i zoz | -iln n iiiii | i i srr
|| ;- rzo ni-|i, rs iir|, roo ir| i ssc
-rin| iiii r| ; iiii n lnln s l-ni
-, zs ii, nr -, cc ni-|i ln i
nii i ii r| ; ii lni, ii i
i - | s li| iiii in r|
zooo li ii|i nii -, i l-n| -ii
nnn || -i - l n r, ro ln i iiii
(|) ii| r|
17
Tight liquidity conditions saw money market rates
frm up. G-sec yields also frmed up post-budget in
response to the large market borrowing programme.
Following the Union Budget announcement of a higher
than anticipated market borrowing programme and
the subsequent issuance of auction calendar for dated
securities, the 10 year yield rose steadily to 8.63 per
centbyMarch30,2012ascomparedto8.54percent
as on December 30, 2011.
The rupee depreciated against the US dollar from the
lastweekofAugust2011tomid-December2011after
beinglargelyrangeboundduringthefrstfourmonths
of 2011-12. It stabilised in response to the measures
undertaken by the Reserve Bank and the government
which helped to curb speculation and reduce volatility
in the foreign exchange market. These measures
considerably reversed the movement of the rupee
against the US dollar from the low of `54.2perUSdollar
on December 15, 2011 to ` 50.87 per US dollar by end
March 2012. The rupee was also weak against other
majorcurrenciesandclosedat67.90/92and81.52/54
againsttheEuroandPoundSterlingrespectively.
Overall,equitymarketswerevolatileinFY2011-12.The
BSESensexslumpedto17404.20points,down10.5per
centor2041pointsfromthepreviousyearsclose.The
Nifty settled down 9.22 per cent to 5295.55 points.
MONETARy DEVELOpMENTS
As on 31st March 2012, the growth in Aggregate
DepositsofScheduledCommercialBankswasat17.4
per cent as against a growth of 15.9 in the previous
year. Demand Deposits growth showed a negative
trend throughout the year but ended higher at ` 980
billion on 30th March 2012.
Credit off-take was sluggish, however, the growth in
the last two months of February and March accounting
for40percentofthetotalnon-foodcreditduringthe
year resulted in a credit growth of 19.3 per cent as at
end March 2012.
Monetary policy was strongly anti infationary until
October 2011. Subsequently, decelerating growth and
declining infation momentum prompted monetary
policy to move to a neutral stance since December
2011. The Cash Reserve Ratio (CRR) was eased by 125
bps during January-March 2012 to 4.75 per cent to
ease liquidity. Reserve Bank hit the pause button and
policy rates were kept neutral after the hike to 8.5 per
cent on January 28, 2012 from 7.25 per cent as on May
3, 2011. Statutory Liquidity Ratio was kept at 24 per
cent from December 18, 2010.
During 2011-12, the Reserve Bank injected primary
liquidity through Open Market Operation (OMO)
purchases, aggregating around ` 1.3 trillion, and also
through CRR cuts infusing around ` 0.8 trillion.
DETAILED BUSINESS OVERVIEW
Global Business of the Bank has reached a level of
` 2,11,988 crore as on March 31, 2012 from ` 1,81,530
crore in the previous year, registering an increase of
` 30,458croreor16.8percent.
Domestic Business of the Bank has increased by
`27,163croreto` 2,02,082 crore from `1,74,919crore
as on March 31, 2011, registering a growth of 15.5 per
cent.
Resource Mobilisation
GlobalDeposits of the Bank has crossed the ` 1,20,000
crore mark to ` 1,20,804 crore as on March 31, 2012
from ` 1,05,804 crore in the previous year, with an
accretion of `15,000croreor14.2percent.Domestic
Deposits of the Bank has increased by `13,440croreto
` 1,15,772 crore as on March 31, 2012 from `1,02,332
crore in the previous year, registering a growth of
13.1 per cent.
CASA Deposits has reached the level of ` 36,866
crore as on March 31, 2012 from `32,639croreinthe
previous year, recording a growth of 13.0 per cent.
Credit Deployment
Gross Advances of the Bank increased to ` 91,184
crore as on March 31, 2012 as against `75,726crore
as on March 31, 2011, recording a growth of 20.4
per cent. Domestic Credit has increased by ` 13,723
crore (18.9 per cent) to ` 86,310croreasonMarch31,
2012 as against ` 72,587 crore last year.
DomesticNon-foodcredithasincreasedby` 13,593 crore
(19.1 per cent) to ` 84,660croreasonMarch31,2012
as against `71,067croreinthepreviousyear.
Global Credit-Deposit Ratio as on March 31, 2012
stood at 75.5 per cent.
BRANCH NETWORK AND ExpANSION
TheBank has expanded its branch network by opening
95 new branches in India taking the tally to 1955
branches as at end March 2012, comprising 520 Rural,
549 Semi Urban, 500 Urban and 386 Metropolitan
branches.Thebranchnetworkissupplementedby34
Extension Counters, 23 Satellite offces, 1 Collection
Counter,66RuralBankingServiceCentresand1Forex
Bureau. Besides, the Bank has 3 foreign branches in
Singapore, Colombo and Jaffna.
Bankhasopened50UltraSmallBranches(USBs)inthe
villages with population above 2000 covered through
BCmodelunderFinancialInclusion
18
[ k. M o kj f u " i kn u %
i zkF kf e d r k { ks= d s _ . k
s.os.zoz i iil-ni i ln- `so,oz/ i r il
s -i zo i -iiln l ~i (||) i .r
lnin ii| l-n| i zoz ii ; i ors
i i r.c lnin | l, ||
f " k _ . k%
s -i zo | -iln li ln- ` s,sr i r nii
r || i s.r lnin ii| ls i zoo - r;
zo.s lnin l, | ni - l-n| i zoz ii ;
i - zo.s lnin i ` zsoc i | l, r; r|
f " k f o r j . k %
lii li ~i ii (||) nnn zoz ii
`z,/c i li ~i lnln l r l ili
` s,soo i ii l l r lnin | li
ril | n| r|
n - .zsz i | ili, rzz,cc ii i
lnln | n;|
` c/s i | ili o,s,// i,|-in ii i lnln
| n; r, i iin| l n- o lnin
| ni - -i li lnii i rc lnin ni r|
i| i | -i- ii - iin r r-i| ni-|i iiiii
nr li ~i lii iiln l l ir
i li i ~i i ir ii i ii ii r-i i
i ii| ; lii li ii r-i| iiiii
` sr./ i li ~i lnln l r l cscs
ii i ii ri r|
e kb ks f o Rr d h i g y %
-i zoz i -in i ii /z,c/r - rini
-ri i `.ssz i lnln l r| -i;i l-n (|)
nnn ii ilii - `.zs i | n r -i
zoz i `.zss i ri n; r l o.s lnin | l, |
n; r|
e kb ksl sV ' kk[ kk, a%
-i zoz | -iln n r -i;i- iiiii (| i
~i i - lii|n iiii) zs,ssz | ni i
n r ` rrs i lnln l| -i zoz | -iln
ii ln- co,s | i n r `.szz
i i|
d e t ksj { ks= d ks v f x ze
-i zoz | -iln -i ni i -n ii ~i
`/rc i i il o lnin , -i l,
|| i o. lnin ni r|
|ii; ln- zoz ii, ` r i
s,csz |ii; ~i lnln l r| s.os.zoz i ii
-n ` zr i ri il -i zo i r ln-i -n
i o.o lnin ni r|
i,i i ln- s.os.zoz i i,i i
ii ~i ` z,zs i ri, il iil-ni i
ln-i i /. lnin ni r|
~ -ii i ~i ~ -ii i -n ~i,
i -i zo | -iln `. ssr.r i r, s.os.zoz
i ` cs/.c i | l, `. coz.c i n, l
r r lnin -i | ni - iil-ni i
ln-i i r.sz lnin ni r|
' kSf { kd _ . k ; kst u k%
-i zoz i -in i i i, ss,zr sii i ` rs
i i li ~i lnln l r | -i zoz | -iln
i li ~i liin - -n ~ii - `./ i | l, ii
r ` szzz.o i ri|
o i; zoos - i li ~ii i i
siii i o.r lnin | i - lin -n | in|
r |
i; | i li ~i i i nn n ili l- -i ni
sii (l| -inilni,li | ili i ` .ro
ii lni li r| r ) ,ii iin - n||,iil
i- -i l in i li ~ii r n -in li
i i i ;-i i | | i i (|i; ),
- iiln | i r| r |
i i -i nii n| i| li -i i- -i nn n
i sii i rini i l | i li
~in i; | i i i ii ln | n; r |
{ ke r k f u e kZ. k i g y %
ni-|i ni l- r - -
lli li nlnllii l ni-|i li rn
;l i (i;|-|i|) i- i -iiln
li r| ; i i| l-n i -ll--
(ii i) , i-|, i|-, ilnl, i-, -,
lnii-, ln~, l- i ~ (nl-i),
- i~- | - l-n| iini i ~i i-i
(||) -iiln l r| n /,zcr lni i
l-n| i-i i li ni r|
, i-|, i|-, -, |, ~, l-n
i ln~ s i - ;l -li liii
-ii (; -|) i- -| -i liii -ii
19
SEGMENT-WISE pERFORMANCE
priority Sector Credit
PrioritySectoradvances stood at ` 30,027 crore as on
31.03.2012,constituting41.5percentofAdjustedNet
Bank Credit (ANBC) as on 31st March 2011. The sector
registered a growth of 15.6 per cent or ` 4058 crore
duringFY2011-12.
Agriculture Credit
Agriculture advances stood at ` 13,354 crore and
constituted 18.5 per cent of ANBC as on 31st March
2011. The sector has registered a growth of 20.9 per
cent or `2306croreduringFY2011-12asagainst20.8
percentachievedduringFY2010-11.
Agricultural Disbursement
Under Special Agricultural Credit Plan (SACP) during
2011-12,theBankdisbursedfarmloansamountingto
`12,761croreasagainsttheannualtargetof` 8,300
crore,recording154percentachievement.
Oftheabove,`2432croreweredisbursedto522,664
new farmers.
` 6,478 crore has been disbursed to 10,31,774 small/
marginal farmers, which works out to 56 per cent of
Direct Agricultural disbursements against the RBI
directiveofminimumof40percent.
TheruralandsemiurbanbranchesobservedIntensive
FarmCreditCampaigncoincidingwithKharif&Rabi
season with the dual objective of enhancing credit
fow to agriculture and strengthening relationship
with the farmers. During such campaign period, the
Banks branches have disbursed Agriculture credit
to the tune of ` 4315.74 crore beneftting 618634
farmers.
Micro fnance initiatives
During the year ended March 2012, the Bank has
disbursed `1882croreto72,675SHGs.Outstanding
under SHGs increased by ` 218 crore to reach `2343
crore as of March 2012, registering a growth of 10.3
per cent.
MICROSATE Branches
As at end-March 2012, 45 MICROSATE branches
(specialised branches for lending to SHGs) disbursed
` 553 crore covering 23,932 SHGs. Total outstanding
advances as at end March 2012, was at ` 822 crore
covering60,118SHGs.
Weaker Section Advances
Credit outstanding to Weaker Sections stood at `7546
crore as atendMarch2012,workingoutto10.4percent
of ANBC as against the stipulated norm of 10 per cent.
DRIAdvances:DuringFY2011-12,theBankdisbursed
13,632 DRI loans amounting to ` 15 crore. As on
31.03.2012, the outstanding level stood at ` 25 crore,
working out to 0.04 per cent of total advances, as of
march 2011.
Advances to SC/STs: Outstanding credit to SC/ST
benefciariesstoodat` 2,231 crore as on 31.03.2012,
working out to 7.4 per cent of Priority Sector
advances.
LendingtoMinorities:AdvancesgrantedtoMinorities
which stood at `3,915.15croreasatend-March2011
increased by ` 687.46 crore to reach ` 4602.61 crore
as on 31.03.2012, working out to 15.32 per cent of total
Priority Sector Advances, as against the stipulated
norm of 15 per cent.
Education loan scheme
During the year ended March 2012, the Bank
disbursed a sum of `594croreaseducationloansto
93,215students.ExposuretoEducationloanportfolio
increased by `471croreto`3222.01croreasatend-
March 2012.
Interest concession @ 0.50% on the applicable card
rate on fresh education loans sanctioned to girl
students is allowed with effect from 01.07.2009.
"Central Scheme to provide Interest Subsidy (CSIS)"
during the moratorium period of education loans
availedbystudentsfromEconomicallyWeakerSection
(with an annual gross parental/family income not
exceeding ` 4.50 lakh per year) under IBA education
loan scheme, to pursue technical/professional courses
inIndiaisbeingimplementedbytheBank.
In order to help students pursuing courses under
Management quota and three year diploma courses,
Bank'seducationloananonIBASchemewasdevised
and implemented.
Capacity Building Initiatives:
As a step towards getting closer to the rural people,
the Bank has set up a Trust - "Indian Bank Trust for
Rural Development'' (IBTRD) for undertaking various
developmental activities. Under the Trust, the Bank has
established Financial Literacy and Credit Counselling
(FLCC)centersatChittoorandMachilipatnam(Andhra
Pradesh) Cuddalore, Dharmapuri, Kancheepuram,
Krishnagiri, Namakkal, Salem, Tiruvannamalai,
Tiruvallur,VillupuramandVellore(Tamilnadu),Kollam
inKeralaandPuducherry.Atotalof7,265individuals
havebeenprovidedfnancialcounsellingsofar.
TheBankhasalsoestablishedRUDSETIModelTraining
institutes named as Indian Bank Self Employment
Training Institute (IND SETI) in eight centers viz.,
Cuddalore, Dharmapuri, Kancheepuram, Salem,
20
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rin r n z/s liii iiln l n r|
i-ni l-ii | lii - | n ri ii
ni-|i liii (i-||), i|, nl-i (ii
i i;i| ii n ) i ii i
ni-|i n-l-n li -ii ||i;i|, rii
(iii i i i i ii n ) -
i| iin ri r| ii -ii ni-|i i ln
i r i ini -i liii i- i n
r| i-||, i| ,ii r,cs/ -i i ii rin r
zs liii i- i ||i;i;|, rii ,ii s,zs
-i i ii rin r s i- iiln l n r|
f o Rr h; l e ko s' k ; kst u k , Q v kb Zi h
i;| nnn ;l i zooo li ii|i
rzz ni il-n l n r| ii zo ii - zooo
li ii|i, i il-n ; i| rzz nii -
l-ii lli n| -ii -i- ln i
i | n; r
--i- i iiiln ii | (||) -i l zr
ni
ll-n iiiii (/),ln i i (r) l rz ni
-ii; iiii, l r ni
in i i;| nnn ooo li ii|i
zoos ni il-n l n r| n nl-i i |
-| - oo nii i ln i i | n; r|
l-n| -ii nnn || -i l
l n zooo li ii|i nii - ro ln i iiii
(|) ii| r|
zooo li ii|i i;| iiln i nii
- s.os.zoz n rs/,soz i l iin ii n r| ;-
rzr,ss iin, i ii i iniln| (i;|-|)
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zoor r| i l iin iii i li ii| s.os.zoz
i ii - lli iiiii l s.zr ii i
l iin ii r (i;| nnn ii n iin lrn)|
rc,zs/ lrniliili i `.soz.cz ii | ili | i|
||| lii - | n; r|
niri | lii lrn l -i lnn l
n r l- in| -i, ln| in| -i -i, n
rii- lii (i|) i il--nii |
ln l nii i il-lr| -i i -n
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21
Puducherry, Vellore, Chittoor and Tiruvallur. A total
of 278 training programmes have been conducted by
INDSETIsbeneftting7,326individualssofar.
Apart from the above exclusive initiatives of the
Bank towards capacity building, the Bank is also
participatinginRuralTrainingCentre(RTC),Karaikudi,
Tamil Nadu (jointly with NABARD & IOB) and Andhra
PradeshBankers'InstituteofRural&Entrepreneurship
Development - APBIRED, Hyderabad (jointly with
Government of AP & four other Banks). These two
training institutes offer wide range of skill oriented
training programmes focusing on rural population. A
total of 231 training programmes have been conducted
byRTC,Karaikudibeneftting5,637membersand149
programmes by APBIRED, Hyderabad beneftting
3,429members.
Financial Inclusion plan (FIp)
UnderFIP,IndianBankhasbeenallotted1522villages
with population above 2000. All the 1522 villages with
population above 2000 allocated to the Bank covering
20 States across the country, have been provided with
banking services through various delivery models as
below.
1425villagesthroughSmartcardbasedBusiness
Correspondent (BC) Model
52villagesthroughBrickandmortarbranches(7)/
BankingServiceCentres(45)and
45villagesthroughMobileBranch/Van
Further,theBankhasbeenallotted2003villageswith
morethan1000populationunderFIP.Sofar,banking
services have been provided to 100 villages in Tamil
Nadu and UT of Puducherry.
Bankhasopened50UltraSmallBranches(USBs)inthe
villages with population above 2000 covered through
BCmodelunderFinancialInclusion.
As on 31.03.2012, 597,802 'no frill accounts' have
been opened in the FIP implementing villages with
population above 2000. Of these, 525,881 accounts
were opened under Information Communication and
Technology(ICT)basedBusinessCorrespondent(BC)
model. Smart cards have been issued to the account
holders.
EvenbeforetheimplementationofFinancialInclusion
Plan,IndianBankhadstartedopeningNofrillaccounts
way back from 2005. As on 31.03.2012, Bank has
opened 31.25 lakh No frill accounts through various
branches across the country (including accounts
openedunderFIP).ODandGCCfacilitieshavebeen
sanctioned to 56,297 benefciaries to the tune of
`1302.62lakh.
New products for the convenience and beneft of
the customers has been introduced which includes
Recurring Deposit, Variable Recurring Deposit product,
SB cum Overdraft facility (OD) and an Overdraft limit
upto `10,000/-isprovidedtonon-farmersandlandless
labourers to meet contingencies.
In UT of Puducherry, where the Bank is the SLBC
Convenor,42villageswithpopulationabove2000and
25 villages with population 2000 and below have been
allotted to various Banks under FIP. Banking services
have been extended to all the villages with population
above 2000 as well as with population 2000 and below
by the member banks through various delivery channels.
UT of Puducherry has become the frst state in the
country to provide banking services to all the villages
includingvillageswithpopulationbelow2000underFI.
The Bank has sponsored three Regional Rural Banks
(RRBs) viz., Saptagiri Grameena Bank, Chittoor;
Pallavan Grama Bank, Salem and Puduvai Bharathiar
Grama Bank, Puducherry. As on 31.03.2012, under
FinancialInclusion,allthe240villageswithpopulation
above 2000 allotted to the RRBs have been provided
with banking services.
InTamilNadu,theBankisimplementingapilotproject
for disbursement of Pension under Social Security
Scheme (SSS) in two taluks namely, Kattumannarkoil
(Cuddalore District) and Manapparai (Trichy
District). Presently, pension payment is made to the
benefciariesin109villagesofKattumannarkoilTaluk,
Cuddalore Dist., and 11 villages of Manapparai Taluk,
Trichy Dist., through ICT based smart card enabled
Business Correspondent Model. It is proposed to
disburse pension to benefciaries in all the villages
with population above 2000 in the State of Tamil Nadu
from 30th June, 2012.
Lead Bank Scheme
The Bank holds SLBC responsibility in UT of
Puducherry and Lead Bank role in 13 districts (10 in
TamilNadu,2inAndhraPradeshand1inKerala).The
Lead Districts are actively involved in implementing
FinancialInclusionPlantoprovideBankingServicesin
unbanked villages.
CREDIT FLOW TO SMALL AND MEDIUM
ENTERpRISES (SME)
TheBanksexposuretoSmallandMediumenterprises
was at `10160.29croreason31.03.2012.
The Bank has established MSME Central Processing
Units (CPU) at 9 key centers at Chennai, Mumbai,
Kolkata, New Delhi, Ahmedabad, Bangalore, Pune,
CoimbatoreandKanchipuram.
ForfocusedattentionandgrowthofMSMEportfolio,
theBankhasoperationalised72SpecialSMEBranches
across various Zones.
22
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23
The Bank has approved cluster specifc schemes for
Textile Cluster in Bhilwara Region, Ceramic Cluster in
MorviRegion,LeatherClusterinBhiwandiRegionand
Fastener Cluster in Chandigarh Region.
pERSONAL SEGMENT LOANS
During the year, the Bank continued its focus on
various Personal Segment Loans such as Home
Loan, Automobile Loan (Car/2 wheeler), Salary Loan,
EducationLoan,MortgageLoanetc.
TheBankhasintroducednewschemeunderHomeloans
with title Home Loan 2011 scheme, with rationalised
interest rates. The scheme is applicable for all fresh
sanctions made on or after 01.10.2011. To beneft the
existing customers, an option to switch over to the new
scheme by paying a nominal fee has been given. Further to
be competitive in the market, processing charges on Home
Loanswerereducedandpre-paymentchargesclausein
theBanksHomeLoanschemehavebeenwithdrawn.
The facility for applying Home Loans on-line by
customers was inaugurated by Honble Union Finance
Minister during the year.
The segment-wise exposure as on 31
st
March
2012 is as under:
(` crore)
S.No Product Exposure
1 HomeLoan 5878.06
2 Automobile 404.63
3 PersonalLoan 417.46
4 LoanagainstNSC/KVP/LICPolicy 46.25
5 MortgageLoan 231.23
6 EducationLoan 3222.01
7 JewelLoan(NP) 1379.92
8 Others 1531.47
9 Total 13,111.03
TheoutstandingonPersonalSegmentLoanworksout
to14.64percentofBanksgrossnon-foodcreditand
the y-o-y growth on personal segment loans was at
12.31 per cent.
Under Automobile Loan portfolio, the Bank has
registeredagrowthof34.64percentduringtheyear.
Bancassurance and Mutual Fund Business
The Bank has corporate agency tie-up agreement
with United India Insurance Co. Ltd. (UIICO) for non
life insurance business and with HDFC Standard Life
insurance Co. for life insurance business.
TheBankalsohastieuparrangementswithUTIAMC,
Reliance AMC and SBI Mutual Fund for distributing
their Mutual Fund Products.
VariousGroupInsuranceProductsofferedbytheBank
to its customers on optional basis by arrangement
withUIICO/LIC/KotakMahindraOldLifeInsuranceCo.
(Kotak)/MetLifeIndiaInsuranceareIBJeevanKalyan
& IB Jeevan Varishta (from LIC) IB Yatra Suraksha
scheme (from UIICO) for all customers, IB Griha
Jeevan(fromLIC),IBHomeSuraksha(fromKotak)to
coverthelifeofHomeloanborrowersandIBJeevan
Vidya(fromLIC),IBVidyarthiSuraksha(fromMetLife
India Insurance Ltd) are offered to cover the life of
education loan student borrowers.
The Bank has earned a commission income of
`19.26crorebywayofmarketingthirdpartyproducts
like life insurance, non life insurance and mutual fund
productsduringthefnancialyear2011-12.
OTHER FINANCIAL pRODUCTS
IB Swarna Mudra
IBSwarnaMudraoffersgoldcoinsof24caratinvarious
denominations with 999.9 purity and International
Assay certifcation. The gold coins and bars are
available for sale through the network of more than
1600branchesspreadacrossthecountry.
Goldcoinsalesduringthecurrentfnancialyearwere
at2046.34kgwithanon-interestincomeof` 20 crore
asagainstthesaleof1150.926kgduringtheprevious
fnancialyearwithanincomeof` 12.5 crore.
Credit Card
The Bank offers three card variants under Global
Credit Cards - IB Gold, Classic Card under Personal
CardSegmentandIBVisaBusinessCardforBusiness
entities.
The Banks credit card base has increased to 43,449
duringFY2011-12,registeringagrowthof13.99per
cent. The total income from credit card business
has improved to ` 825 lakh during 2011-12 from the
previous years level of `666lakh,recordingagrowth
of 19 per cent.
TheBharatCardfortheCommonManwaslaunched
aspartoftheBanksfnancialinclusionforthelower
income groups.
ThesalientfeaturesofIBCreditCardsareasunder:
NojoiningfeeandAnnualmembershipfee
Interest free credit period for purchases :
Minimum15daysandMaximumupto45days
24
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25
Competitivelowerinterestrates
Freeaccidentinsurancecoveravailabletoallcard
holders
Value Added Benefts: Automatic Credit of
Reward points
ASSET QUALITy MANAGEMENT
Deployment of prudent credit monitoring tools, with
continuous and consistent focus on quality of assets.
The Bank is following the system driven NPA (Non
Performing Assets) identifcation successfully since
2010-11.
Bankhastakentimelyactionforrecovery/upgradationof
fresh NPA accounts and stressed accounts are regularly
followed up to minimize slippages by identifying and
monitoring Special Mention Accounts (SMA).
The Bank has recorded good performance towards
recovery of fresh NPAs and upgradation. Different
recovery mechanisms like Lok Adalats, Negotiated
settlements through OTS and recovery measures
throughDRT/SARFAESIACThaveresultedinimproved
recovery performance.
Prudent SMA Monitoring and vibrant recovery
measures adopted have resulted in recovery in
stressed assets.
Inlinewiththechangingeconomicscenario,Recovery
PolicyandOTSPolicieshavebeenfnetunedandfront
line offcials have been sensitised to further improve
recovery performance.
The Loan Review Management Committee (LRMC)
reviews Standard Assets through Loan Review
Mechanism and Credit Audit functions on a regular
basis. Standard Assets Monitoring Committee (SAMC)
reviews Special Mention Accounts (SMA) on a
continuing basis and timely recovery action is being
initiated to prevent slippage of standard assets to Non
Performing Assets.
RISK MANAGEMENT
The Bank has complied with all the guidelines of the Reserve
BankofIndiaoncreationofRiskManagementarchitecture.The
BankisBASELIIcompliantwitheffectfrom31stMarch2008.
A roadmap has been drawn and steps are being taken for
moving over to advanced approaches under BASEL II. An
independent Risk Management Department is functioning
foreffectiveEnterpriseWideRiskManagement.Alltherisks
the Bank is exposed to, are managed through the following
three Apex level committees viz.,
(i) Credit Risk Management Committee (CRMC)
(ii) AssetandLiabilitiesManagementCommittee(ALCO)
(iii) Operational Risk Management Committee (ORMC).
These committees work within the overall guidelines and
policies approved by the Board and Risk Management
Committee of the Board.
The Bank has in place various policies to manage the risks.
To analyse the enterprise-wide risk and integrate all the
risks, an Integrated Risk Management policy has been put
in place.
The important risk policies comprise of Credit Risk
ManagementPolicy,AssetandLiabilitiesManagementPolicy,
Operational Risk Management Policy, Business Continuity
Planning Policy, Internal Capital Adequacy Assessment
Process (ICAAP) Policy, Stress Testing Policy, Collateral
Management Policy, Disclosure Policy, Integrated Risk
Management Policy and Policy on Corporate Governance.
All the policies are reviewed on an annual basis by the
Risk Management Committee (RMC)/Board. In order to
disseminate the risk management concepts and also to
sensitisethefeldlevelfunctionaries,alltherelevantpolicies
are circulated to the branches, in addition to imparting
training at the Bank's training colleges.
Risk Management Systems are in place to identify and
analyse the risks at the early stage and manage them by
setting and monitoring prudential limits besides taking other
corrective measures to face the changing risk environment.
Software driven rating mechanism is in place to assign the
rating to ensure credit quality, besides an entry level scoring
system.
The liquidity risk is managed through studying structural
liquidity on a daily basis, which is being discussed in the
Funds and Investments Committee and reviewed every
fortnight(frst&thirdWednesdaysofeverymonth)byALCO/
Board. The interest rate risk is managed through monthly
interestratesensitivitystatementsandreviewedbyALCO/
Board.Themidoffce,directlyreportingtoRiskManagement
Department, monitors treasury transactions independently.
Prudential liquidity ratios are monitored periodically and
reportedtoALCO.
Operational risk is managed by using well established internal
control systems in day to day management processes and
by adopting various risk mitigating strategies. The risk
perceptions in various products / procedures are critically
analysed and corrective actions if required, are initiated.
UnderPillarIIi.e.,ICAAP,theBankidentifes,measuresand
manages the risks that are either not fully captured or not
at all captured under Pillar I and if necessary, makes an
additional provision of capital for such risks. The Capital
assessment for the next three years is also carried out based
onplannedbusinessprojections.
The Bank has in place a Disclosure Policy in line with the Pillar
IIIrequirementsofBaselIIframeworkandthedisclosuresare
made in the Banks website and Annual Report as prescribed
in the policy.
26
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27
HUMAN RESOURCES MANAGEMENT (HRM)
Manpower position
The manpower position of the Bank as on 31
st
March 2012
is as follows:
CATEGORY TOTAL SC ST OBC* MALE FEMALE
OFFICERS 7877 1395 492 509 6827 1050
CLERKS 8454 2013 284 605 5638 2816
SUB STAFF 2379 844 97 212 2268 111
TOTAL 18710
#
4252 873 1326 14733 3977
#
Domestic
* Reservation for OBCs in Direct Recruitment came into
forcewitheffectfrom08.09.1993.Employeesbelonging
to OBC recruited in our Bank prior to 08.09.1993 were
classified under General Category and included in
General list.
RECRUITMENT AND pROMOTION
As part of succession planning in the Bank, recruitment and
promotion process are aimed at meeting the future growth
and expansion of the Bank.
Theprocessofrecruitmentof850ProbationaryOffcerswas
completed during the current year. Further, 110 RDOs were
recruited through campus selection.
An on line examination was conducted for selection of
candidates for Overseas posting and seven offcers were
selectedandpostedtoSingaporeandSriLanka.
As per Board approval, campus recruitment of
Marketing officers , Industrial Development Officers,
Computer Officers and Specialist Credit Officers
was taken up at different institutions at Hyderabad,
Visakhapatnam, Chennai, Trichy, Coimbatore,
Madurai, Bangalore and Noida during January and
February 2012. 127 Assistant Managers (Marketing)
and 3 Specialist Officers (Credit/Economist/IDOs)
were provisionally selected.
Campus recruitment of Chartered Accountants in Scale II
was taken up with the Institute of Chartered Accountants
ofIndia(ICAI)atHyderabadandBangalorecentres.Twenty
Five Chartered Accountants were provisionally selected for
appointment.
For recruitment of Security Offcers in Scale II, interviews
were conducted at New Delhi for the candidates sponsored
by Directorate General of Resettlement during January 2012.
Six candidates were selected and appointment orders were
issued during February 2012.
During the year, promotions took place in various cadres /
scales including executives.
WELFARE MEASURES FOR SC/ST/OBC/pWD
EMpLOyEES
AsperGovernmentofIndiasguidelinesinDirectRecruitment,
reservations are provided to Scheduled Castes (SCs),
Scheduled Tribes (STs), Other Backward Classes (OBCs) and
Persons with Disability (PWD) candidates. Reservations in
promotions are provided as per Government guidelines.
Periodical Quarterly Meetings with All India Indian Bank
SC/ST Employees Welfare Association are conducted and
grievances, if any are resolved immediately. The SC/ST
welfare cell at CO/HRM also ensures prompt disposal of
grievances/ representations of SC/ST employees. A General
Manager has been nominated as Chief Liaison Offcer to
look into the interests of employees belonging to SC/ST and
OBC categories.
Upgradation of Skills
The Banks training infrastructure constitutes the state-of-
theartTrainingCollegebynameIndianBankManagement
Academy for Growth and Excellence (IMAGE) and nine
Staff Training Centres across the country for enabling the
staffandtheoffcerstoupgradetheirskills.
Duringtheyear,9760offcers,8877clerksand2046sub-staff
members were trained through the internal training system
and10,849members(5771offcersand5078clericalstaff)
haveregisteredfortheonlinee-learningmodule.
425 offcers and Executives attended various training
programmesatexternalinstitutions.ThreeExecutiveswere
nominated for overseas training.
E-learning
The Bank has launched an e-learning portal which can be
accessed through the Banks CBS Help Desk by the staff.
There are 57 course libraries in various banking topics.
Industrial Relations
The Top Management of the Bank interacts with the leaders of
EmployeesUnions,OffcersAssociationsandtheirpositive
response has resulted in desired growth and harmonious
industrial relations.
Implementation of Technology - SAp
The Bank uses SAP HR software to store vital staff related
data and providing uninterrupted service to all Zones/
Branches addressing all HR functionalities. SAP is also
effectively used as a decision support system in critical
areas like promotion, online PF Loan disbursal to staff etc.
As a measure of extending technological advancement to
the entire workforce and in aiming to achieve paperless
processing of HR related issues and reducing transit time,
a cohesive web-site for Human Resources Management
throughIntranethasbeenhosted.
28
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29
TheSAPImplementationteamhasinitiatedandlauncheda
WorkProfleportaltocapturethejobroleofindividualstaff
bothclerksandoffcerstocreateacomprehensiveskillrepository
based on the areas of work done by the staff members that can
be used for various HR initiatives like competency mapping,
skill set analysis, training needs analysis etc.
Staff Welfare Measures
The Central Welfare Committee constantly reviews the various
welfare schemes available to the employees and improvements
are being made based on their recommendations.
HOUSE MAGAZINE
TheBankpublishesaquarterlyhousejournal"INDIMAGE"
Customer Service
During the fnancial year 2011-12, Bank has reviewed
the policies on Bank Deposits, General Management of
Branches, Customer Grievance Redressal, Collection of
ChequesandInstruments,CompensationandCollectionof
dues & Repossession.
Bank has also introduced one more avenue to the customers
to lodge their grievances / complaints and get their queries
clarifedthroughSMS.Thecustomerhastotypecomplaints
and send SMS to 56677. Offcials from Corporate Offce:
Customer Service will get in touch with the customer on
their mobile to resolve their grievances and queries.
Complaints not resolved immediately are registered as
regular complaints for resolving.
Customers can also mail their grievances directly to the
Chairman and Managing Director through the following
e-mail IDs :customerfrst.cmd@indianbank.co.in &
customerfrst.cmd@indian-bank.com
Right to Information (RTI) Act, 2005
A separate desk attached to Customer Service Cell at
CorporateOffceishandlingtheapplications,frstappeals/
second appeals received by the Bank under the RTI Act.
Since its inception, the Bank has been adopting a single
window approach as suggested by the Parliamentary
CommitteeonimplementationofRTIAct.
The Bank has received 2896 applications, 231 frst
appeals and 50 second appeals under the RTI Act during
FY2011-12.
FOREx BUSINESS
Forex Business Turnover: The Bank has handled forex
business turnover of `30,813 crore during the year. Of
this, export and other inward remittances amounted to
` 13029 crore, while imports and other outward remittances
amounted to `17784crore.
During the year, the total turnover in the interbank forex
market amounted to `448,575 crore. 87 branches of the
Bank are authorized to handle forex business and of these,
79 branches are provided with SWIFT connectivity. The
Bank has Correspondent Arrangements with 188 banks in
69countries.
FCNR/NRE Deposits: 456 branches are authorized to
handle Foreign Currency Non-Resident (FCNR) Accounts.
Non Resident Indian (NRI) Deposits as on March 31, 2012
amounted to ` 3797 crore as against ` 3267 crore as on
31.03.2011
All freely convertible currencies have been included in the
fold of FCNR deposits from November 2011.
Remittances
Enterprise Remittances Scheme from Singapore offers
instant credit to customer accounts in India with rupee
equivalent of the foreign remittances within minutes of
receipt at Singapore and an SMS message is forwarded to
the remitter at Singapore informing the credit. The facility is
available on all days of the week.
TheotherremittancefacilitiesforNRIsofferedbytheBank
include "Xpress Money", "Money Gram", "Western Union
Money Transfer" internet based IndRemit, and Speed
RemitfromSingaporebesidesnormalSWIFTbasedMoney
Transfer from across the globe.
Electronic Funds Transfer arrangement has been launched
with 3 Exchange Houses viz., M/s. UAE Exchange House
- Abu Dhabi, UAE Exchange House - Kuwait and Oman
ExchangeHouse.
International Operations:
The Bank has three foreign branches located at Singapore,
Colombo & Jaffna. Total Deposits and Advances (gross) of
the foreign branches as on 31.03.2012 was ` 5032 crore and
`4988crorerespectively.
Singapore branch established in 1941 has carved a niche
by offering a variety of banking services using the latest
technology and enjoys enormous goodwill and customer
loyalty. The branch is presently maintaining its business
in two accounting units - Domestic Banking Unit (DBU) for
Singapore Dollar business and Asian Currency Unit (ACU)
for business in currencies other than Singapore Dollar.
Colombo branch established in the year 1932 has active
market presence extending trade fnance. The Foreign
Currency Banking Unit (FCBU) Colombo is engaged in off-
shore banking operations.
Jaffna branch established in 2011 plays a crucial role in the
economic development of Jaffna Region.
Technology Initiatives :
Information & Communication Technology
TheBankhasexploitedtheinnovationsandadvancements
intechnologyforachievingthebusinessobjectivesand
offers a wide variety of tech savvy products in tune with
the customer needs. From April 2011, the Bank has a
newtaglineasYourTech-FriendlyBank.
30
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31
The Banks IT initiatives aim to provide hassle free,
convenient and safe transaction facilities to further
enhance the customer service and meet customers
expectations.
Core Banking Solution
TheBankhadimplemented100percentCBSin2008and
technology has been positioned as a critical business
enabler, pervading new frontiers and encompassing all
aspects of banking activities.
All the 1955 branches, 34 extension counters and 65
administrativeoffcesinIndiaareonCBSplatform.The
three overseas branches at Singapore, Colombo & Jaffna
are connected to CBS network.
100percentCBSimplementationhasbeenachievedinallthe
3 RRBs (Pallavan Grama Bank, Pudhuvai Bharathiar Grama
Bank and Saptagiri Grameena Bank) sponsored by the Bank.
TheBankhasadoptedaversatileapproachforensuring
uninterrupted connectivity like leased line with ISDN
Backup, VSATs, GPRS etc. Revamping of Banks Wide
Area Network has been done to connect branches
directlytoMultiProtocolLabelSwitching(MPLS)network
inadditiontoZonalOffceswhoarealreadyonMPLS.
Services available to customers under CBS
RoamingAccountFacilityThroughMulticitycheques&
Sweepfacility
InternetBanking,MobileBanking,Telebanking
CashManagementServices
Inward remittance facility in all CBS branches through
Moneygram,Xpressmoneyetc.
e-paymentfacilityforCentralExcisecollection,Customs
Duty and Service Tax
Interbank remittance facility through RTGS, National
ElectronicFundsTransfer
Paymentoffees/chargestoRegistrarofCompanies
IndCorpNetBanking(CorporateInternetBanking)facility
to corporate customers
BilingualfacilityinCBSbranches
Multi-utilitypaymentmoduleforpaymentofBillsonline
Public Provident Fund accounts and lockers have been
brought under CBS.
Other Centralised services available - ATM Service
centre, Pension Processing, Deposit Processing, Clearing
operations and Storage of old TBC data.
ATMs
1280ATMs(Including357offsiteATMs)areinoperation.
The Bank has 85 biometric ATMs for extending 24x7
services to Self Help Groups (SHGs). More than 89,000
ATMs are available to Banks customers through
sharing arrangements.
ATM card-base of the Bank is 74.0 lakh including
Maestro&Mastercardbrandedcards.
ATMs have been installed at 59 Railway Stations,
of which ATM with Kiosks installed at 34 Railway
Stations.
ATM operations by Joint Account holders were frst
introduced by the Bank.
UsageofBanksATMsbyRRBssponsoredbytheBank
and issuing of ATM cards to their customers enabled.
Voice interface provided in ATMs for guiding the
users.
Banks Maestro cards can be used in the Mastercard
branded POS terminals internationally. All the Maestro
and Mastercard cards can be used in Banks ATMs as
well as other Banks ATMs for balance enquiry and
cash withdrawal.
Utilityserviceslikebookingofrailwayticketsthrough
IRCTC,paymentofelectricitybillshavebeenenabled
using the Banks ATM card/Debit card.
AutomaticandfreeSMSmobilealertmessageforall
ATM transactions above `5000/-whereverthemobile
number of the cardholder has been registered.
Platinum Debit Master Card launched with special
features, daily cash withdrawal limit of `50000/-and`
1.00 lakh for online transactions per day.
SeniorCitizenDebitCardlaunchedwithdetailslikeyear
of birth, blood group and photo of the senior citizen.
In compliance with RBI guidelines, the Bank has
implemented 3D Secure Authentication services for
both Debit card and Credit card holders. The Bank
hasalsoimplementedOnlineAlertsthroughmobile
phone to the card holders for all Card not present
transactions of value of `5000/-andabove.
Internet Banking
The Bank has introduced self service delivery channels
through Net Banking, which facilitates banking through
internet, funds transfer, tax and utility bills payments,
at customers convenience. The Net Banking facility
has been provided for both individuals and corporate
customers.
TheBankhasbeenauthorisedbyAPOnlineforpayment
ofElectricityBills,WaterTax,PropertyTax,TradeLicense,
LICpremiaetc.usingInternetBankingservices.
The Bank is one among the 5 banks identifed to
implement MCA21 programme for Ministry of Company
Affairs, for collection of fees for Registrar of companies.
Customer can also view their Form 26AS (Tax credit
Statement) through Net Banking facility.
32
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in|
33
One Time Password (OTP) is being sent through SMS
ande-mailasadditionalsecuritymeasureforallInternet
Banking Transactions.
e-payment interface for commercial taxes collection
for West Bengal, Puducherry, Karnataka, Customs Duty
through Ice Gate, receipt of CST and DVAT for Dept. of
Trade & Taxes, Government of National Capital Territory,
Delhi etc. have been enabled.
Collection of application fees for various Universities
enabled through Multi utility Payment Module.
Online Merchant Payment Gateway Interface with more
than 500 merchants/brokers for payment of Bills.
Enhancement of funds transfer limit under Retail &
Corporate Net Banking Facility: The default funds transfer
limit has been enhanced to ` 5.00 lakh for all categories
of customers and RTGS facility has also been enabled
through net banking.
Mobile Banking
Mobile Banking provides a unique opportunity for
providing fnancial and non-fnancial transactions in a
secured way to customers. Mobile banking services
reaches every common man as the services are
available24x7toaccessthebankingservicesathis/her
convenience.
VariousservicesofferedthroughMobileBankingare:
Account related enquiries like Balance enquires, Mini-
statement, Cheque issued / deposited status enquiries etc.
Funds transfer services Intra-bank, Inter-bank via
NEFTandInterbankMobilepaymentService(IMPS)
Utility Bill Payment with register & payment facility
andinsta-payfacility
Enhanced Mobile banking facility (INDMobile) has been
introducedusingJava2MicroEdition(J2ME)application
which works on a secured, menu based and user friendly
J2MEtechnology.
Inter-bank Mobile Payment Services implemented
through National Payment Corporation of India enables
customersofIndianBanktosendorreceiveremittance
from/to customers of other banks through mobile phone.
Itis24*7*365servicemadeavailablewhencompared
toRTGS/NEFT.
WAPMobileBankinghasalsobeenlaunchedbytheBank.
This variant of Mobile Banking is a comprehensive facility
providing enquiry services; funds transfer and utility bill
pay services etc. through mobile handset. This can be
used in any mobile phone having access to internet and
a WAP browser, with no complex technology involved,
thereby enabling Mobile based banking to reach a wider
range of customers.
Other initiatives
TheBankhasimplementedFinDNA-softwareforAnti
MoneyLaundering(AML)monitoring.
etreasuryi.e.,IntegratedTreasuryoperationscombining
both the Domestic and Forex Trading on a Common
SoftwarePackage,analysesproftability,riskandcosting
aspects through different markets. Common Gateway
Server installed at Banks Treasury Branch and connected
to INFINET through leased line. This is the common
gateway for all inter-bank, Systemically Important
Payment System (SIPS) applications developed by
ReserveBankofIndia.
TreasuryBranchcanuploadtheSWIFTMT103messages
for direct credit to customer accounts at various branches
without any time delay.
NewElectronicAccountingSysteminExciseandService
Tax (EASIEST) in web platform developed in-house has
replaced the existing Packages at Collecting, Focal and
Linklevelbranches.
The following interbank applications like Negotiated
Dealings Settlement System (NDS), Real Time Gross
Settlement Systems (RTGS), Structured Financial
Messaging Solution (SFMS), Centralised Funds
Management System (CFMS), Collateralised Borrowing
and Lending Obligations (CBLO), FX clear for Foreign
Exchangeoperations,NationalElectronicFundsTransfer
(NEFT), On-line Tax Accounting System (OLTAS) has
been implemented in all designated branches.
Electronic Clearing Service (ECS both debit and credit)
enabled in all CBS branches.
ElectronicDataInterchange(EDI)hasbeenimplemented
with various organisations.
ChequeTruncation(CTS)Projecthasbeenimplemented
CTS in NCR Delhi, Chennai, Coimbatore and Bangalore,
within-housedevelopedsoftware.
Applications Supported by Blocked Amount (ASBA)
module implemented. Banks participating in the IPO
process would be able to upload the bids of their
customers into the electronic book of BSE/NSE. ASBA
facility can be utilised by all categories of investors
including Qualifed Institutional Buyers for applying to
IPOscomingthroughtheBookBuildingrouteandRights
Issues.
UseofBio-metricAuthenticationforsecuredtransactions
and authentication besides User ID and Password
introduced as second factor authentication in select
branches.
34
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35
ONLINECUSTOMERCOMPLAINTREDRESSALprovision
launched for Indian Bank customers to register their
complaints and see the status of their complaints on the
bank website. Customer service redressal mechanism
has been reinforced by a new mode of lodging complaints
throughSMSalso.IndianBankcustomershavingany
ATM withdrawal failure issues can register the complaint
details online through the Banks website.
SMS alert is sent to all account holders when cheque
book is issued to the account, provided the correct
mobile number is registered with the bank.
SMSisbeingsenttothebenefciaryoftheinwardRTGS
message with remitters name wherever the account
holders mobile number is available.
SMS is also sent to customers every week to the
registered Mobile Number in their CIF informing the
Week End Balance (as on Saturday) in their SB/CA/OD/
CC accounts.
Remittancefacilityintroducedfortheoverseasremitters
to transfer money through the branches of UAE
Exchangecentre.
Tamilnadu Arasu Cable TV Corporation - Advance
Deposit collection and Subscription Amount collection
portal made live through the Banks website and www.
arasucable.com website.
Online PAN validation: The online verifcation facility
of PAN details is provided by NSDL through electronic
linkage and the system will validate the existence of the
PAN number in the CBS data base.
AsperGoIguidelines,NEFTfacilityhasbeenextendedto
all the 3 RRBs sponsored by the Bank by integration with
Banksinfrastructurei.e.,throughIndianBankGateway.
On line Loan Application for Home Loan and Education
loans: Facility has been made available for submitting the
loan applications on line, anytime, anywhere. The on line
request will be processed and an in principle approval will
be sent to the applicant based on eligibility and they can
approach the branch for submission of regular proposal.
Audio Visual Web-page: Current events/happenings
about the Bank can be viewed by the Public through the
portal provided in our Banks web site.
Introduction of Demand Drafts payable At Par at all
branches - System has been enabled to make payment
of DD irrespective of the drawee branch mentioned in the
DD by the branches
NEFT facility for natives of NEPAL - The Indo-Nepal
Remittance System with modifcations is available to
popularize the scheme.
Bank has been registered with Pension Fund Regulatory
and Development Authority (PFRDA) as Point of Presence
(PoP) for enrolling the citizens in the unorganized sector
underSwavalambanSchemeofNationalPensionSystem
(NPS).
Bank has completed the pilot project in Chennai and
MumbaiforenrollmentofcitizensforissueofUIDnumber
byUIDAI.
5 coin vending machines were installed and 33 Note
Exchangemelaswereconductedinvariousplacesduring
the year.
BankhasbeenaccreditedbyEasternRailwaysforcollection
and disbursements and has commenced collection of
Customs Duties from February 2012.
Management Information System:
Toderivefullbeneftofautomationthrough100percent
CBS, the MIS department has been providing various
reports/data for furnishing to different agencies and
departments. Further, valuable information is being
providedfordecisionmakingprocess.Internally,theMIS
acts to relieve the various tiers from preparation of data.
Ultimately the accent is to push applications further and
maximize fruits of technology.
Information Systems Security:
TheBankhasafullfedgedInformationSystemsSecurity
Department is functional
IS audit of Core Banking Solutions software, Network
infrastructure of the Bank, Internet Banking and ATM
networkhasbeendonebytheexternalagency-M/sAAA
Technologies(P)Ltd.
Guidelines issued to observe Computer Security on an
on-goingbasis.
SecurityOperationCenter(SOC)establishedformonitoring
alltheexistingandproposedsecuritydevicesona24x7
basisonall365days.Underthisprojectfrewalls,Network
Intrusion Prevention System (NIPS) and Host Intrusion
DetectionSystem(HIDS)deployedinCDCandDRsite.
ImplementationofAssetandPatchManagementSolution:
Aspartofenterprisewidesecurityproject,theAssetand
Patch Management Solution has been implemented, by
which the computer hardware / assets can be identifed,
tracked and maintained by deploying the necessary
operating system patches. The solution has been deployed
inHO,CircleOffcesandallCBSbranches.
EnterpriseSystemManagementSolution,asophisticated
server monitoring tool installed at Banks data Centre for
real time monitoring of the various critical servers at DC
and DR site.
36
r-i - l n i;- (www.indianbank.net.in) i i li-
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i li ni i r-i ; - - l n i;- - i ; -r- i
i li- r| ii ni r|
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i ii rs iiiii - ili- iiiln inl ii|ii |
n; r| i ii| ii |ii ,ii rsr iiiii i li
ni i ss -|- ii|ii i| ; i ii iiln |
n;| li| iiii (lni) i l|ii li i i r|
i|i; ni-| ii|ii ii liriln i l
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/s iiiii i i| i- ii|ii | n;|
-|ii i ii so i, s ilni i z i| ni-|i i
i i ii|ii li ni i i rn ii; | n;|
zo -i zoz n i ii| (i; ) i;
ii|ii - ,ii i i iniln| | ii|ii
(i;|-|) iiil i || li -, -i -
lii ii | ir ii|ii i| | n;|
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li- | ni-ii - ii i l i| l|ii i - -n|
ii |ii | -|ii - iiln | n; |
l|ii || l-l-| l li i -
l-in iiiii i n r ii;- -i|-ln r r|
ii li i ni-ii lil-n l -ii l|ii i
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| i |ln i ,ii -iln | n; r| iin| l
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i | lni| ni r|
37
Vulnerability assessment of our Net Banking site (www.
indianbank.net.in ) was completed by CERT-In (Indian
ComputerEmergencyResponseTeam)andnosignifcant
vulnerability has been found in our Internet Banking
website.
Anti-phishing measures provided for internet
banking:
Dynamic Virtual Keypad in Banks Login Page for those
customersaccessingfromcyber-cafesorsharednetworks.
Customereducationandguidanceonhowtoavoidattacks
likeNottopartwithdetailsofpersonalcredentialsonany
siteotherthantheloginpageofInternetBankingsite.
SMSsenttoallinternetBankingcustomersnottopartwith
passworddetailstoanybodyincludingBankoffcials.
Encrypted Communication:
The Bank uses digital certifcation from Verisign and
256 bit encryption facility to ensure security of online
transactions and confdentiality of the data of Internet
Banking Customers.
URLEncryptionusingSaltedHashAlgorithmtoencrypt
all URL requests from the Customers Browser to the
InternetBankingServer.
Extended validation certifcate from Verisign, which in
addition to the existing lock symbol, will display the
URLbaringreencolourforgenuinesites.Inthecaseof
phishingsites,theURLbarwillbedisplayedinredcolour
in higher versions of browsers.
Disaster Recovery (DR) Drill
As a step towards testing business continuity planning
of the CBS environment and as per Disaster Recovery
Policy and as per RBI guidelines, the frst live disaster
recovery drill for 2011-12, for CBS operations, Internet
Banking and ATM operations was conducted on 13th and
14thofAugust2011.ThesecondDisasterRecoveryDrill
for the year 2011-12 for ATM and CBS/Internet Banking
was carried out on 23rd January 2012 and 25th January
2012 respectively.
Training
Computer related training is imparted to staff on an
ongoing basis to empower them to handle the technology
platform.Duringthecurrentyear,7583offcersand9449
awardstaffhavebeentrainedagainstthetargetof6000
offcersand6500clerks.
pREMISES
TheBanksnewCorporateOffcebuildingatRoyapettah
was completed in all respects and occupied on 02 Sep
2011. The Building was inaugurated on 06.01.2012 by
Honble Union Finance Minister, Shri Pranab Mukherjee
and attended by high level dignitaries including
Shri K C Chakrabarty, Deputy Governor, RBI, Shri Jag
Mohan Garg, Central Vigilance Commissioner and former
CMDs of our Bank.
As part of Green initiative, all payments to vendors,
suppliers etc are made by electronic channels viz., direct
credit/NEFT/RTGS(onlyunderexceptionalcircumstances,
payment by way of cheque is made).
Bank owns 141 properties in India and 2 properties in
Singapore.
Bank has put in place uniform polices for Premises,
Expenditure, Purchases, contracts, Printing & Stationery,
air-conditioning and adopted the same at all Branches/
Zones.
INTERNAL CONTROLS
During the year, Risk Based Internal Audit was carried out
in1531branches.InformationSystemAuditcovered1535
branches and 881 ATM Audits were also carried out during
theyear.InspectionofoneForeignBranch(Singapore)has
been completed.
Revenue Audit covering all 1731 branches with credit
exposure of ` 2 crore and above was carried out, in addition
toleakageidentifedduringRBIAandconcurrentAudit.
ManagementAuditof30ZonalOffces,3subsidiariesand2
Regional Rural banks were conducted during the year under
review and follow up action initiated for compliance.
Information Systems (IS) Audit of Information &
Communication Technology (ICT) infrastructure CBS
application suite, data centre and CBS Project offce was
carriedoutbyanexternalauditfrmduringNovember2011
to March 2012.
Review Meeting of concurrent auditors have been
conductedinallInspectionCentres,totoneuptheeffciency
of concurrent audit system and for improving the quality of
concurrent audit reports.
Inspection centres are carrying out off-site monitoring
covering the branches in their area of operation through
CBS connectivity.
Refresher Training Program covering existing inspectors
and newly joined inspectors has been conducted for skill
development and quality reporting.
Compliance
The Banks Compliance policy has been approved by the
Board.InaccordancewithReserveBankofIndiaguidelines,
an independent Compliance Department headed by a Deputy
General Manager is set up in the Bank. The Department
monitors adherence to various statutory and regulatory
guidelines governing the Banks functioning such as:
38
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39
Various legislations such as Banking companies
(Acquisition and Transfer of Undertakings) Act, Banking
Regulation Act, Reserve Bank of India Act, Foreign
Exchange Management Act, Prevention of Money
LaunderingAct,etc.
RegulatoryguidelinesissuedbyReserveBankofIndia(RBI),
SecuritiesandExchangeBoardofIndia(SEBI),Insurance
RegulatoryandDevelopmentAgency(IRDA)etc.
Voluntary standards and codes prescribed by industry
Associations such as Indian Banks Association (IBA),
Banking Codes and Standards Board of India (BCSBI),
ForeignExchangeDealersAssociationofIndia(FEDAI),
Fixed Income Money Market Dealers Association
(FIMMDA),etcand
Banksinternalpolicies,codesofconduct,guidelines,etc
issued by way of Circulars, Manuals, etc.
VIGILANCE
A well structured vigilance system is in place and functioning
in a proactive manner in disposing of all vigilance cases in
line with the Central Vigilance Commission's guidelines.
Duringtheyear,VigilanceInspectionwascarriedoutin101
identifed branches spread over all the Zones of the Bank
and Colombo and Singapore branches.
Vigilance Awareness Week was observed from 31st October
2011 to 05th November 2011. Two exclusive in-house
trainingprogrammeswereheldforthePresentingOffcers/
InquiringAuthoritiesandVigilanceOffcersduringtheyear.
Two CTE type inspections were conducted by the Bank
during the year.
The Bank through its quarterly Newsletter 'Ind Chetana',
reiterates preventive vigilance measures to be adopted by
staff members in various functional areas so as to avoid
incidence of frauds and safeguard the interests of the Bank.
SECURITy
The Bank has a well-established security machinery to
supplement the Operational Risk Management system.
Precaution and prevention being the Touch Stone of
Security,thesearegivenutmostimportance.Latestsecurity
gadgets viz., Burglar and Fire alarm with auto-dialer, CCTV
systems concurrent with the present day requirement are
provided to all Branches.
ATMs are also provided with such security systems. All new
ATMs are grouted. Biometric Access Control system installed
in high risk Currency Chests. Automatic Fire Extinguishers
installed in Server Rooms. Photo based visitors pass and
Baggage scanner are provided in the corporate offce. A
dedicated security cover is provided through regular inspection
ofBranches/CurrencyChestsbyateamofSecurityOffcers.
TrainingofSecurityOffcersandArmedGuardsarecarried
out annually to ensure that they retain their alertness and
are updated with the latest technological advancement for
implementing the same in our Bank.
Bank has ensured convening and following up of security
aspects in State level, District level standing security
committee meetings and other statutory meetings and has
adhered to Asset protection measures following procedural
safeguards for cash remittances, resulting in a loss free year.
IMpLEMENTATION OF OFFICIAL LANGUAGE
The Bank is actively implementing Offcial Language
based on the Offcial Language Act, 1963 and the Offcial
Language Rules, 1976. Offcial Language is implemented
as per the Annual Programme issued by the Ministry of
Home Affairs, Government of India and the guidelines
issued from time to time by the Ministry of Finance and
ReserveBankofIndia.
In keeping with the Bank's objective of being "Your Tech
Friendly Bank", the facility of Hindi in CBS and in ATM
operations has been provided. The touch-screen material
has been provided in Hindi, which gives information on the
various products of the Bank. All the computers of the Bank
have the facility of word processing in Hindi and to work on
unicode using transliteration typewriting.
Special emphasis is continuously being laid by the Bank
to train the staff members in Hindi through Workshops.
Hindi workshops have also been organized by the various
ZonalOffces.TheBankhadorganized58workshopsinthe
country during this period.
The Bank's Home Page as well as its website is available in
Hindi.TheBank'shousejournalIndimagehasanexclusive
Hindi section. A Hindi section has been created by the Bank
initsIntranet.
CORpORATE SOCIAL RESpONSIBILITy
Voluntary Blood Donation:
IndianBankhasbeenmakingvaluablecontributiontothe
societyunderthebannerVOLUNTARYBLOODDONATION
MOVEforoverthreedecades.Theactivitieswereinitially
started with blood donation camps and over a period has
expanded towards overall Health Awareness.
TheBankhasbeenawardedROLLINGSHIELDbytheMadras
Voluntary Blood Bank for the best performance among all
institutions and the Bank has maintained the Number One
Positionforthe24
th
consecutive year since 1988.
40
i zoz - -ls ni i ii r- ili,
i lli lili -i- n -i- ii -
inni i i l|
ni lil , |-, i|- i ii
-, i, iiii i | iiiii - ni
lil iiln l n|
i zoz ii zs ni lili i ii
n r src ninii i iiln li r| ; ii
ri r| i ri inii i iini| i~ ll-ii
l ii ni|
~ii-, -n, | ni l i i -i-
li~ -|ln lil i ii li ni, l oo
in iiiln r|
-i-, --n iiii i-i i| ili -il-
i-iii l lnii|, -ini lni i ni iiii
li~ n ll-i lil iiln l n|
- iiii - niri i --i l -i -ni,
- l- r in liin i ln~ ~ n- -
ili inni i- iiln li ni|
d Ul u Z d e Zp kj h l e kt l so k v kan ksy u d s t f j , x f r f o f / k; ka
lnil- - i - i | lnln | n;|
iil - iil i -ii i- - n n-
;;i ii l | i i- lnln |
n;|
r-i ii ii - -ili iiii i i;
-i- -|ln lil iiln li ni|
iiii i iii l inni
i- iiln l n| -ii, i, |
i -l~i | iii- i i | ini
i - ilin li|
iiii -ili l - i; iii
i |li i | -|- so -i zoz i
il--i iil inni i- iiln li|
v u q" kaf x ; ka
| n| ilni r| ii ; -- ln l l., ;
riln ll-- i ; --- ll--|
{ ks= h; x zke h. k c Sad
n| i| ni-|i iiln l r, i-n nln|
ni-|i -i l-n -, ~ ni- -i
- - i iilni ni- -i | -|
n|i i| ni-|i i i ii zs iiii ii -i
zoz n - i sos n l-ni li l -i zo
n ;| z/s iiii r|| -i zoz | -iln iii |
l-iln l-n r|
nln| ni-|i | r iiii r i iii ocr.
sr i r (-i ilii srz.zs i i ln-
zzs.rc i )
~ ni- | so iiii r i iii src.sr
i r (-i ilii s/z.z i i ln- oss.rs
i )
iin|i ni-|i | z/ iiii r i iii
so.s/ i r (-i ilii ss.cc i i ln-
cc.s i )
i| n|i i| ni-|i ln |-i i| r i
|| lii ln ri r| iin i ;
l ln zo n | - |-i liiln | i||
i| ni-|i i - ii | -iii l
;-| ii| ii | n; i ri - i| ni-|i i |
i| iiiii - r lii i r|
~ ni- ,ii ii li| i -i iiii
i-i -ii; -lin li l- i (-||) i
iiln li ni r, li li lll-i | i|
l -ii; r-i i in n r lii ,ii
in lrn i-- ln l i i inni
ii r|
i qj L d kj , o a i z' kf L r ; ka
lili - i -- n ii - i zoo
l iln i ni - i- i in ri, iini i
ini - l,n| ri i -n i li l nn| -ii
in ri|
-i -i zoz i nii l lli
l-n| -ii ri -i- ln i i -
-- ini|
41
ApartfromvoluntaryBloodDonationMoveintheyear2011-
12 we have ventured to create awareness in other areas like
Cardio,EyeandDentalHealththroughvariouscamps.
Blood Donation Camps were organised at various
venueslikeSchools,Colleges,CorporateOffcesandthe
Banks branches in and around Chennai, Sriperumpudur,
KancheepuramandVellore.
The Bank has sponsored 3564 blood donors during the
year by organizing 28 blood donation camps. Apart
from this, donors were sent for emergency operations
whenever required.
FreeeyescreeningcampwasorganizedthroughSankara
Nethralaya for the public at Kalyanapuram, Ambattur
benefttingabout100people.
Free dental camps were organized at Kamarajar
Government Girls Higher Secondary School through
Venkatapuram Branch, Ambattur for the beneft of the
students, parents and public.
A Cardio Awareness Programme was organized at
Nandanam Branch for customers and staff by a team of
Doctors headed by senior cardiologist Dr.Thillai Vallal
from Venkateswara Hospital, Nandanam.
Activities through CONCERN (Employees
Social Service Movement)
Uniforms were distributed to Seva Chakra School at
Chintadripet.
Uniforms and Notebooks distributed to the children
of SEERS, an organization working for uplifting street
children at Vyasarpadi.
Eye screening camp through Vasan Eye Care was
organisedatourHeadOffceforthebeneftofstaff.
Cancer Awareness programmes were organized for the
staffofCorporateOffceandZonalOffces.Dr.Mallikaof
Cancer Institute, Adyar, Chennai addressed about the
need for prevention of cancer and its treatment.
Dr S Srinivasan and his team from M/s. Sai Ortho Care
conducted an Osteoporosis Awareness Programme for
thestaffofCorporateOffce.
SUBSIDIARIES
The Bank has three Subsidiaries viz., Ind Bank Merchant
Banking Services Ltd., Ind Bank Housing Ltd., and Indfund
ManagementLtd.
Regional Rural Banks
The Bank has sponsored three Regional Rural Banks
namely, Saptagiri Grameena Bank head quartered at
Chittoor, Pallavan Grama Bank head quartered at Salem
and Puduvai Bharathiar Grama Bank head quartered at
Puducherry.
The three RRBs have expanded their network to 308 as
of March 2012 from 279 branches as on March 2011
by opening 29 branches during the year. The Business
position as at the end of March 2012 is as below:
Saptagiri Grameena Bank has 151 branches and a total
business of `4065.85 crore. (Deposits: ` 1852.29 crore
and Advances: `2213.56crore)
PallavanGramaBankhas130branchesandatotalbusiness
of `1956crore.(Deposits:`872.42croreandAdvances:
`1083.58 crore)
Puduvai Bharathiar Grama Bank has 27 branches and a
total business of `304.97crore.(Deposits:`138.66crore
and Advances: `166.31crore)
AllthethreeRRBshavefullymigratedtoCBS,wellahead
of the stipulated time limit of September 2011 set by the
GovernmentofIndia.
NEFT system has been introduced in the RRBs through
Sponsor Banks infrastructure and presently all the
branches of RRBs are enabled with this facility.
AninnovativemobileenabledKisanCreditCard(m-KCC)
forthebeneftoffarmingcommunityfundedbyNABARD
has been implemented by Pallavan Grama Bank, which
aims at facilitating user friendly, paperless doorstep
banking transaction by farmers using their mobile
handsets for purchase of farm inputs.
Awards & Accolades
Ranked First among PSBs in Strength and Soundness,
Second in Proftability and Effciency and Third position
in Overall performance for the fnancial year 2010-11 by
FinancialExpressandErnst&YoungSurvey.
SKOCHChallengerAward2012Bankingforoutstanding
contribution in providing banking services to the unreached
villagesthroughvariousfnancialinclusioninitiatives
42
-i l-n| -ii -i zoz | i iiln
i - oo lnin l-n| -ii -i l
- ili- -i-- -i i zo l i;||
(l| i;| --) ,ii il i n
nnn|
--|- ln -i zo - ll-n
ni-ni l
- il i l ||| -|| s
-i ll-ni | rn ni-ni, iini, ini i
-ini l - ii i| nnn|
i- -| -i zo - liii ~i ini
l|
-i - i-i -i , i -i i zo l -
rini -ri (|) li l i-i -ii
ii i li l - l-n l lii
iiii iii l -i;i- ri ini r, | l
-i i-l- (l ln- ~i ri ini r), |
-i - ii i l liii ~i (|
lni iiii) i | -i l iini ~i (ni-|i
-lri iii) ii l - rini -ri i ii
l ini | ri -|
;il- -i;- ;l-| ,ii - i -
il i i - nn| -ii in|
li ,ii il-ni - lnii l i|i ro
i - |,|
v kx ke h o " kZ
ini-| i, iin li - ii i iiiii ii | l-
-n l-ni n i i rini| l-i| -ii iin|
l i ii ni-|i ii i iii i i| iil-
n r li - inni| ii i lii i| ini| i
lni - ii rn -ii; ii n|| -ii i ii
i in i n| l-ni - ni| ;l
-, r-ii r| rini l niri | lii -
nir i ii - -i i i i |
r-ii i r-ii ii | -ii - l, i rn iini
-i- iiii i -~ ii rini|
43
SKOCH Financial Inclusion Award 2012 for completion
of100%fnancialinclusioninUTofPuducherry
BestRiskMasterAwardunderPublicSectorBankcategory
byFIBAC(FICCIIBAConference)fortheYear2011.
Dun & Bradstreet Banking Awards 2011 for Best Asset
Quality
CNBCTV18AwardfortheBestPublicSectorBankinmid
size category for Superior Quality of Assets, Proftability,
Effciency&Productivity
Outlook Money Awards 2011 for Best Education Loan
provider
GoldenPeacockInnovativeProduct/ServiceAwardfor2011
in recognition of the Banks contribution to promotion of
Self Help Groups (SHGs) by way of developing innovative
products and services like Specialised exclusive branches
for Microfnance (called MICROSATE), Exclusive outfts
for SHGs (called Micro Credit Kendras), Education
Loans (SHG-Vidhya Shobha) to school going wards of
SHG members, Housing loan (SHG-Grihalakshmi) and
Consumer loan (Grameen Mahila Sowbhagya) Scheme to
SHG members.
Adjudged Third among the Public Sector Banks as the
BestServiceBrandbyEconomicTimesBrandEquity.
Listed Among Top 150 Banks for Best RoA by Banker
Magazine.
yEAR AHEAD
The year ahead is one of embarking on a robust expansion
both in terms of business and branches - in India and
overseas.ReserveBanksmandateonfnancialinclusionwill
continuetodriveinnovativelow-costservicesencompassing
the target rural markets and other markets too. The Bank
leveraging techno products like mobile devices will expand
furtherandfastertoimproveservicedelivery.AtIndianBank,
the aim is to provide the best of products and services to
the convenience of the customers with the best of customer
service.
The endeavour is always to enhance the shareholders value
throughvolumegrowthinbusinessandbetterproftability.
44
d kWi ksZj sV v f Hk' kkl u i j c Sad d k f l ) kar
ii- liii - i, i, iii i
--iii ii i i - rini r i ;- i rn
iii li ini r l l n- liiln l in
r i i i ril nii li lni| i
ii ln l in r| ln n-i - ii- liii
i l-n-, | i iii| i ln n | ni i
li ini r i l| i| -ii li, l--- i|
i, ii- liii i ln-iiln r| n|
n- -ni -i -iiln i nn s ii-
liii i, i ilini, iilni i l-in l-ii
ii i| ii nlnllii - --ni ril
iiiin ln -~i ii li i ri r,
li ini r| i inii, i| i | iii, -- i
li lin i n- ii ; ri l
lii - nini i n r i - iilni
ii l-ini nn li i liiln li r nil
--iii l -~ i ii i |
-i| i, l ri, i ni ni r -n i l
| iili ii lii | lli -ni - nini |ii
li ini r| i li - ; in li in
r l niri, ii - rilni, -ili, lii i -i
li, iii i iii ln ii | i| -n-
ii- liii - r|
1 - f u n s kd e aM y d h l aj p u k
li - - iil i i li, i iil
ii li, i-ni -i| li l--ln r i ;
ii in iil ni| li r (i iii lii
lrn)|
d ki ksZj sV v f Hk' kkl u 2 0 1 1 & 1 2 i j
b af M ; u c Sad d s f u n s' kd e aM y d h f j i ksV Z
e kp Z 3 1 ] 2 0 1 2 d ks f u n s' kd e aM y d s f o o j . k f u Eu o r ~ g Sa% A
e kad f u n s kd d k u ke i n u ke f u n s kd i n d k
L o : i
f u ; qf D r d h r kj h[ k
| -| - i| i i li ii o.o.zoo
z | i| ~li ii li ii o.o.zoo
s | | i -i ii li ii o.o.zoz
| ilnini i i i il-n| nii os.z.zoos
r i. i -ir ii l i il-n| nii so.or.zo
c | - ii i-ni -i| li nii so.z.zoos
/ | -|n ii |iil n i|
li
nii zs.os.zo
s | -i iil n i| li nii .os.zo
s | l il- | iil n i| li nii zz.os.zo
o i. -i ni iii li nii o.o/.zo
| lni- -ri |lin iii li nii o.o/.zo
iii lii i si i| li iin i ,ii ln ,il-n l n r| so.or.zo n | i-| iin| l
il-n| li i| s.z.zo n | i-nii ii li i|
45
Banks philosophy on Corporate Governance
Corporate Governance involves a set of relationships
between a banks management, Board, shareholders and
other stakeholders and provides the structure through
whichtheobjectivesoftheorganizationaresetandthe
meansofattainingthoseobjectivesandmonitoringthe
performance are determined. The existence of good
Corporate Governance in banking organizations is
fundamental to their own effective functioning and to the
stability of the banking system as a whole and no amount
of controls, systems and relations can be a replacement
for sound Corporate Governance.
The Bank frmly believes in setting high standards and
consistently practicing good Corporate Governance which
is woven around its core ethical values of transparency,
professionalism and a disciplined approach to achieve
excellence in all sphere of activities. By consistently
focusing on these aspects in day-to-day operations by
REpORT OF THE BOARD OF DIRECTORS OF INDIAN BANK
ON CORpORATE GOVERNANCE 2011 - 12
open dialogue, mutual respect, clear goals and decisive
leadership, the Bank aims at stability and sustained
growth with professionalism in management with a
view to enhance the value for its stakeholders.
The systems and business processes of the Bank are
continuously reviewed at various levels for identifying
and strengthening areas of weakness, if any. The Bank
and the Board of Directors strongly subscribe that Good
Corporate Governance is the key to unlock the treasure
of earning trust, loyalty and goodwill of clients, business
associates, employees, investors and respect from the
society at large.
1. Composition of Board of Directors
The Board of Directors comprises of one whole-time
Chairman and Managing Director, two whole-time
Executive Directors, one Workmen Employee Director
besidessevenpart-timeNon-OffcialDirectors(including
two Shareholder Directors).
particulars of Board of Directors as on March 31, 2012 are as under:
No Name of Director Designation
Nature of
Directorship
Date of
Appointment
1. Shri T M Bhasin Chairman and Managing Director Executive 01.04.2010
2. ShriRajeevRishi ExecutiveDirector Executive 01.10.2010
3. ShriBRajKumar ExecutiveDirector Executive 01.01.2012
4. Shri Shaktikanta Das Govt. Nominee Non-Executive 09.12.2009
5. Dr.NKrishnaMohan RBINominee Non-Executive 30.05.2011
6. Shri M Jayanath WorkmenEmployeeDirector Non-Executive 30.12.2009
7. ShriAmarjitChopra CA-PartTimeNonOffcialDirector Non-Executive 29.08.2011
8. ShriSanjayMaken PartTimeNonOffcialDirector Non-Executive 11.08.2011
9. Shri Butchi Rami Reddy PartTimeNonOffcialDirector Non-Executive 22.09.2011
10. Prof.NarendraKumarAgrawal Shareholder Director Non-Executive 01.07.2011
11. Shri Chintaman Mahadeo Dixit Shareholder Director Non-Executive 01.07.2011
All the directors have been appointed / nominated by the Government of India (GOI) except Shareholder Directors.
ShriSKaruppasamywasRBINomineeDirectorupto30.05.2011.ShriVRamaGopalwasExecutiveDirectoroftheBank
upto 31.12.2011.
46
f u n s' kd ksa d k i zksQ kb y %
J h V h , e Hkl hu ] i rr, o, zoo i i i
li - iii nri li| l~| llni -|
(l-n) r i - i n--, ri - i- l-n| i
i- ri l- r| l~| llni - i
- ..| r i lni - -ini-n ili in r| ;l
- i r o/, zoo/ i;- i ;li (|i;)
ii li i| |i; ii li rn - ;ri
|i; | | i - -r-i ini li l iin i
i - -iln li ii| ;ri |i; | ;lli l i |
ni - - il-i lii;| ; n- ii r| |i; - -n-
l, r; i oo lnin i ln -iii iiln li ni|
s/s - l|iii| lii| il- i i- - ;ri
i l ii li nii ri n| ii li | li l
lli i in i| n-n zooo zoo/ n i;|,
l~| - -i l i| ;i l-i-i ii i l iin
i, ili -i ,ii nl-n n ii l-ln - - r|
i;- ;li ; | ll-- i - li r, iin|
i | i l-ln - r, i ;l---- i ---
liii i - r i iin| ln l-n -ii liii
li - r| ;l-| i ii r| r|
J h j kt ho _ f " k] i rz, - n o, zoo i ii li
- ln l n| |n (i i i) r| i i lli
- -in r| ;l - i r il- i i- -
-ri i i nii |n, i, iini, ri, i, -;, liii
il i lli -iii - i ;i i in r|
;l-| i ii r| r|
J h c h j kt d qe kj % rc i| | | i-i | o, zoz i
ii li - iii nri li| ;ri s/s - iii
- l ii li ii nii ri | i - ;i ss ii
li li i i in r| ;ri ;|lln - -ini-n nii
-| |i;i;| ilii in | r| iii | lli iiiii
-, ii lii;, iln|iini, , i--n, n, lnn-,
-; il - i ;i i -n i i in r|
rii ; l~| i -ri i r| ;ri ;l
- iii nri r iii - -ri i ri |
|n -i| ii| i iii iii i li ni-| ln
i - lini in || ;l-| i ii r| r|
J h ' kf D r d kar k n kl ] i;.., i rr, i iin i l os,
zoos i i - il-n li| l~| - --| i
-ini-n ili in r| iin i l-n -i, ili i
liin - lnln l (-) r| ;ri n l, l-n -i,
liin, iin i, lii in i- ii in, nl-i
i, l, nl-i i nin liin i lli- i -
- i | r| ;l-| i ii r| r|
M kW- , u " . k e ksg u % rr i| i. i -ir i -; so, zo i
iin| l il-n| li - ln li ni ii|
-i o, zo ii iin| l , | ii, -; - -i
i liin - -ri i r| ;ri iin| l lli
liini - n| ii li li | i | r| n| ii l
i,| i i i l iin| l i| li i
i ii l ii i l iin| l i| li r|
ln iniln| li ii -ii, rii li i| i|
;| ili,iil ini r, -|, ||, |i;i;| i
- (iii-)| ;i ;l~i llni ... |ln iii-
- -ini-n ili --ili llni, rii i-- ili
in r| ;ri l i i, ,ii iiln -
ln l- - i l , i;- l i, ilin-
|| ,ii iiln ln ii l-i - iin li r| ; i
/r ;l-| i r|
J h , e t ; u kF k] i rc, i iin i i-ni -i|
li - ln li nii z, zoo i ;ri iii nri
li| i; o, s/s i - ln r i| lni - -in
ili ii| r| ;l -i| i | i- ;i; -ri l
r| n-i - | n l-| iiii (n) - lii ri r|
;l-| i ii r| r|
J h v e j t hr p ksi M +k % rs i| | -|n ii i li
- n-n zs, zo i | iii n - ln li ni
ii| ; l~| - il- i | iii r nii ili -
-ini-n ili in i iin| | iii -ii (i;|i;) -
i - r| sss i;|i; | li - r r|
i, |, iil il | lli l-lni - i;|i; i lnlli-
n r ;i i lini in r| n-i - i;i
ii l-ln iil li l-ln i r| iiii
ni-| i | l-ln - iin i lnlli- r r| iin
ni-ni |ii i - i| r| i zoo ii i;|i;
l- i nii sssss ii i;|i; i;i| i
i| i ii, ii li i i i-- (),
i i lii ll i-- (||) nii i;i|
i - i| iii -i i, ii|ii -i i i
i;|i; | ii- i l-ln i i| i--l ;l----
i i- i-- nii ili i ;-i i--,
-i - r| ;l-| i ii r| r|
J h l at ; e kd u % c i| | -i ; l~| - il-
i | iii r| ;i n-n , zo i iin i
iil n i| li - ln li| ili -
-in ili in r nii iin| | iii -ii (i;|i;) -
i - r| - -i il-, | iii
ii;- r| - | i i- i;- ll-- i
li r| ;l-| i ii r| r|
J h c qf P p j kf e j sM ~M h] i r i l-nil i- -, n- li, ii
i sili- ni r| ;i ln zz, zo i iin i
iil n i| li - ln li| i r
nii i -i i-il lii| r| i - i l-n| li
- lnni ,i li li l i n r|
;l-| i ii r| r|
i zks- u j sU d qe kj v x zo ky ] i cz, i iii li
- zs , zo i ii liln li ni| i; o, zo
n| ii | li l iii li - ii iiln
r r| |.;., -- ln| ii| r i i;i;- i
r| i| n-i--i ii i -i ii i - i r i
l iin| i -ii, n - | liinni i i r| ;
li| llnii - lll-n i r| oo ;l-|
ii i ii r|
J h f p ar ke u e g kn so n hf { kr ] i c i iii li
- zs , zo i liln li ni| i; o, zo
n| ii | li l li - ii iiln r r|
s/c | iii i i r r| i llni
ili - -in r nii iin| | iii -ii (i;|i;) -
i - r| - | | in , | iii ini
r| or ;l-| ii ii r|
47
Profle of Directors:
Shri T M Bhasin aged 55 years assumed charge as Chairman &
Managing Director of the Bank on April 01, 2010. He is an MBA
(Finance) from University of Delhi and a Harvard alumnus having
done Advanced Management Programme at JFK School of
Government, Harvard. He is also an L.L.B. from Campus Law
Centre, University of Delhi and holds a Masters Degree in Science.
Priortothisassignment,hewastheExecutiveDirector,UnitedBank
ofIndia(UBI)sinceNovember07,2007.AsExecutiveDirectorof
UBI,hemadesignifcantcontributiontotheUnitedBankofIndias
Capital Re-structuring and eventual approval by Government of
India. He was instrumental in the success of Initial Public Offer
ofUBI.TheoutstandinggrowthofUBIandachievementof100%
Core Banking Solution was due to his leadership. He joined the
banking system as Probationary Offcer in June 1978 in Oriental
Bank of Commerce and served that bank for over three decades in
variouscapacities.HewasHonorarySecretaryofIBADelhiChapter
during August 2000-November 2007. He was a Member of Joint
TradeCommitteeconstitutedbyGovernmentofIndia,Ministryof
CommerceforIndoMyanmarTradeRelations.HeisaDirectoron
theBoardoftheUnitedIndiaInsuranceCompanyLtd.,Memberof
theManagingCommitteeofIndianBanksAssociation,Memberof
theGoverningBoardofNationalInstituteofBankManagementand
aMemberoftheGoverningCouncilofIndianInstituteofBanking
andFinance.HedoesnotholdanyEquitySharesoftheBank.
Shri Rajeev Rishi, aged 52 years, was appointed as Executive
Director of the Bank on October 01, 2010. He hails from
Chandigarh(UT)andholdsBachelorsdegreeinArtsandLaw.He
was a General Manager in Oriental Bank of Commerce with rich
experience in banking and worked in various parts of the country
such as Chandigarh, Bhubaneshwar, Kolkata, Dehradun, Pune,
Mumbai, Ludhiana, etc., before joining Indian Bank. He does not
holdanyEquitySharesoftheBank.
Shri B Raj Kumar, aged 56 years assumed charge as Executive
Director of the Bank on January 01, 2012. He started his career with
Andhra Bank in 1978 and has more than 33 years of experience
of serving the bank. He is a Post Graduate in Engineering with
MBA and CAIIB. He has a wide feld exposure having worked in
variousbranchesofAndhraBank,viz.,Bhilai,Chowringhee-Kolkata,
Kurnool, Coimbatore, Bangalore, Trivandrum, Mumbai, etc. He
was also the General Manager of Hyderabad and New Delhi zones
of the Bank. He was heading the Integrated Treasury of Andhra
BankasGeneralManagerandhasgainedexpertiseinthefeldof
InvestmentsandInternationalBankingbeforejoiningIndianBank.
HedoesnotholdanyEquitySharesoftheBank.
Shri Shaktikanta Das, IAS, aged 55 years, was nominated
by the Government of India to the Board of the Bank on
December 09, 2009. He has a Masters Degree from St. Stephens
College, Delhi. He is the Additional Secretary (Budget) in Department
of Economic Affairs, Ministry of Finance, Government of India.
He has held distinguished positions viz Joint Secretary, Ministry
of Finance, Dept. of Expenditure, Government of India, Special
Commissioner and Commissioner of Revenue Administration-
Government of Tamil Nadu, Secretary, Industries Department
in Government of Tamil Nadu and various other distinguished
services.HedoesnotholdanyEquitySharesoftheBank.
Dr. N Krishna Mohan,aged55years,wasappointedasRBINominee
Director of the Bank on May 30, 2011. He is the Chief General
Manager, Department of Currency Management, RBI, Central
Offce,Mumbaiw.e.fMarch01,2011.Hehasputinover30years
ofserviceinvariousdepartmentsofRBI.HewasRegionalDirector,
RBI for Kerala and UT of Lakshadweep for 3 years and Regional
Director,RBI,AndhraPradeshfor2years.HewasalsotheDirector,
Institute of Development and Research in Banking Technology,
Hyderabad. His educational and professional qualifcations are
M.Sc.,Ph.D.,CAIIB.,andM.S(Econ).HeholdsMastersDegreein
PolicyEconomicsfromtheUniversityofIllinois,USAandDoctorate
from Osmania University, Hyderabad. He has attended Central
Banking Seminar conducted by the Federal Reserve Bank of New
York, USA. and Seminar on Bank Supervision organized by the
WorldBank,IMFandFederalReserveBoard,WashingtonD.C.He
holds75EquitySharesoftheBank.
Shri M Jayanath,aged56years,wasappointedastheWorkmen
Employee Director of the Bank by the Government of India
and assumed charge on April 21, 2010. He joined the Bank on
July 10, 1978. He has a Bachelors degree in Science. He is the
GeneralSecretaryoftheKarnatakaUnitofIndianBankEmployees
Union. Presently he is a Special Assistant of Bangalore City Branch
(Bengaluru) of the Bank. He does not hold any Equity Shares of
the Bank.
Shri Amarjit Chopra, aged 59 years, is appointed as Director
of the Bank under Chartered Accountant category on
August 29, 2011. A practicing Chartered Accountant from New
Delhi, he holds Master's Degree in Commerce and a Fellow
Member of the Institute of Chartered Accountants of India (ICAI).
HehasbeenmemberoftheCentralCounciloftheICAIsince1998.
He has rich experience and expertise of having represented ICAI
onvariouscommitteesofGovernment,SEBI,RBIetc.Presently,he
istheChairman,IFRSImplementationCommitteeandProfessional
Development Committee. He represents India on the Committee
of International Federation of Accountants. He is on the Quality
ReviewBoardofGovernmentofIndia.HewasthePresidentofICAI
fortheyear2010-11andChairmanofNIRCofICAIduring1988-89.
He was on the Board of Bank of Baroda, South Asian Federation
ofAccountants(SAFA),ConfederationofAsiaPacifcAccountants
(CAPA)andIRDA.HewastheChairmanofAccountingStandards
Board, Auditing and Assurance Standards Board and Corporate
Laws Committee of ICAI. He is a Honorary Member of Australian
InstituteofCharteredAccountantsandAssociationofInternational
Accountants,London.HedoesnotholdanyEquitySharesofthe
Bank.
Shri Sanjay Maken, aged 46 years is a Practicing Chartered
Accountant from New Delhi. He was appointed as a Part-Time
Non-Offcial Director of the Bank by Government of India on
August 11, 2011. He holds Bachelor's Degree in Commerce and is
aFellowMemberoftheInstituteofCharteredAccountantsofIndia.
He is Proprietor of M/s. Sanjay Maken & Associates, Chartered
Accountants.HeisalsoaDirectorontheBoardofM/s.GKWire
Products Pvt. Ltd. He does not hold any Equity Shares of the
Bank.
Shri M Butchi Rami Reddy, aged 51 years hails from Chodipalem
village of Pittalavani Palem Mandal, Guntur District, Andhra Pradesh.
HewasappointedasPart-timeNon-offcialDirectoroftheBankby
GovernmentofIndiaonSeptember22,2011.HeisanAgriculturist
and a well known Social Activist. He works for the upliftment of
the downtrodden and growth of Agriculture in his area and nearby
districts.HedoesnotholdanyEquitySharesoftheBank.
prof. Narendra Kumar Agrawal, aged 62 years, was elected
as the Shareholder Director of the Bank for a second term on
June 29, 2011. He is holding charge as Shareholder Director for a
periodof3yearsfromJuly01,2011.HeholdsB.E,MMSdegrees
andisaFellowofIIM-A.PresentlyheisaProfessorinOrganizational
Behaviour and Human Resources Management which is his area of
specializationinIndianInstituteofManagement,Bangalore.Heis
avisitingfacultyinmanyforeignUniversities.Heholds100Equity
Shares of the Bank.
Shri Chintaman Mahadeo Dixit,aged61years,waselectedasthe
Shareholder Director of the Bank on June 29, 2011. He assumed
charge from July 01, 2011 for a period of 3 years. He is a Chartered
Accountantbyprofessionsince1976.HeisaCommerceGraduate
of University of Pune and a fellow Member of the Institute of
Chartered Accountants of India. He is also a Partner of M/s. G D
Apte&Co.,CharteredAccountants.Heholds105EquityShares
of the Bank.
48
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f u n s' kd d k u ke l o ZJ h v o f / k m u d h d k; kZo f / k d s n kSj ku v k; ksf t r c SB d as m i f L F kr c SB d sa
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23.04.2011 09.05.2011 29.06.2011 29.07.2011 26.08.2011 07.10.2011 31.10.2011
19.11.2011 14.12.2011 07.01.2012 30.01.2012 18.02.2012* 18.02.2012
* nir ii in i -
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49
Details of Attendance of the Directors at the Board Meetings
Name of Director
(Sarvashree)
period
Meetings held during the
period of their tenure
Meetings
Attended
1. T M Bhasin 01.04.2011-31.03.2012 13 13
2. V RamaGopal 01.04.2011-31.12.2011 9 9
3.RajeevRishi 01.04.201131.03.2012 13 13
4.BRajKumar 01.01.2012 31.03.2012 4 4
5. Shaktikanta Das 01.04.2011-31.03.2012 13 7
6.SKaruppasamy 01.04.201130.05.2011 2 2
7.Dr.NKrishnaMohan 30.05.2011 31.03.2012 11 9
8.CKRanganathan 01.04.201130.06.2011 3 1
9. M Jayanath 01.04.2011-31.03.2012 13 13
10.AmarjitChopra 29.08.2011 31.03.2012 8 8
11.SanjayMaken 11.08.2011 31.03.2012 9 9
12. Butchi Rami Reddy 22.09.2011 31.03.2012 8 8
13.Prof.NarendraKumarAgrawal 01.04.201130.06.2011
01.07.2011 31.03.2012
3
10
2
6
14.ChintamanMahadeoDixit 01.07.2011-31.03.2012 10 9
Board Meetings: Againstthestatutorystipulationofminimumsix(6)meetingsinayearundertheNationalizedBanks
(Management and Miscellaneous Provisions) Scheme, 1970, thirteen (13) Board Meetings were held during the Financial
Year2011-12asdetailedbelow:
23.04.2011 09.05.2011 29.06.2011 29.07.2011 26.08.2011 07.10.2011 31.10.2011
19.11.2011 14.12.2011 07.01.2012 30.01.2012 18.02.2012* 18.02.2012
* Sequestered Board Meeting on Customer Services
3. Committees of the Board
The Board has constituted the following committees which provide specifc and focused governance in important
functional areas and to oversee the affairs of the Bank.
Sl.No. Name of the Committee
a. Management Committee
b. Audit Committee
c. Risk Management Committee
d. ITStrategyCommittee(erstwhileTechnologyCommittee)
e. Customer Service Committee
f. Committee of Directors (Vigilance)
g. SpecialCommitteeforMonitoringofLargeValueFrauds
h. Share Transfer Committee
i. Shareholders/InvestorsGrievanceCommittee
j. Nomination Committee
k. Remuneration Committee
50
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l lrn li linri i li
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f u n s' kd d k u ke l o ZJ h v o f / k m u d h d k; kZo f / k d s
n kSj ku v k; ksf t r c SB d s
m i f L F kr c SB d sa
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i in n| r
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ii |ii l-ln s n ssr i nl-n | n| i ;| i ini - l-llin iil- r|
-n ii |ii i i -ini i i
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li i lin r nii | illi , ir| ii
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r|
niiii -ii iin, n iini - -
ln -iii | n; ll-i i i--i iini, lli
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ii|ii i | |ii i|
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-|ii i
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n| ii; i i ili,i ili l-n| ii
i li- i ln- ir| ii |ii
ii i|
51
Details of Attendance of the Directors at the Management Committee:
Name of Director (Sarvashree) period
Meetings held
during the period
of their tenure
Meetings
Attended
1. T M Bhasin 01.04.2011-31.03.2012 16 16
2. V RamaGopal 01.04.2011-31.12.2011 12 12
3.RajeevRishi 01.04.201131.03.2012 16 15
4.BRajKumar 01.01.2012 31.03.2012 4 4
5.CKRanganathan 01.04.201121.05.2011 2 Nil
6.SKaruppasamy 01.04.201130.05.2011 3 3
8.Prof.NarendraKumarAgrawal
12.04.201130.06.2011
09.07.2011 08.01.2012
3
9
2
4
9. Chintaman Mahadeo Dixit 09.07.2011 08.01.2012 9 9
10. M Jayanath
01.04.201130.07.2011
09.01.2012 31.03.2012
4
3
4
3
11.AmarjitChopra 29.08.2011 31.03.2012 10 9
12.SanjayMaken 09.01.2012 31.03.2012 3 3
a) Management Committee:
The Management Committee was constituted on September 08, 1990 and exercises such powers of the Board, as may be
delegatedtoitbytheBoardwiththeapprovaloftheCentralGovernmentafterconsultationwithReserveBankofIndia.
The Management Committee may exercise all the powers vested in the Board in respect of:
Sanctioning of credit proposals (funded and non-
funded);
Loanscompromise/write-offproposals;
Proposals for approval of capital and revenue
expenditure;
Proposalsrelatingtoacquisitionandhiringofpremises
including deviation from norms for acquisition and
hiring of premises;
Filingofsuits/appeals,defendingthemetc.;
Investments in Government and other approved
securities, shares and debentures of companies
including underwriting;
Donations;and
Any other matter referred to the Management
Committee by the Board
b) Audit Committee
The Audit Committee was constituted on October 13, 1995 and its terms of reference include the following:
Provide direction as also oversee the total audit
function of the Bank which impact the organization,
operationalisation and quality control of internal
auditandinspectionintheBankandfollow-uponthe
statutory/external audit of the Bank and inspections of
theReserveBankofIndia.
Review the internal inspection/audit function in the
Bank, with specifc focus on the follow-up on inter-
branch adjustment accounts, unreconciled long
outstandingentriesinInter-Bankaccountsandnostro
accounts, arrears in balancing of books at various
branches,fraudsandhouse-keeping.
ReviewquarterlyreportsfromtheComplianceOffcers
appointed in the Bank.
Follow-up on all the issues raised in the Long Form
Audit Report and interact with the external auditors
before the fnalization of the annual/semi-annual
fnancialaccountsandreports.
52
li zs , zooc i li - ~ | ini i, l-llin i iil- l ii |ii l-ln ii i
ii ni
ii, iii|lni, -|i | ll-n |ii ,
i ,ii l n lii i in iiiln - ii
ll-i | |ii i ii |ii in -r-i -ii
| |ii ,
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ii |ii | l-lii i iil- n r -n ii |ii
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r ln-ir|, s-ir| ili l-n| lii i |ii
i
l| i| i lni i i ni ni l ii
|ii ii ii |ii i i ,
inl ii |ii i - i - ni -iiln i,
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ii| | inni lln i,
ii -ii i ii |lni i i
l-n| llii in |-i n i ii | iii i
i ,
lin il-i i ii, ii ni ii
i, | ilni ii lii ;-il ii iiln
, l i - lrni ii iiln ii
ri ni r , i
-i- i l -- l| i| illi,
li-- ii lli- inii ,ii | ri,
y s[ kk i j h{ kk l f e f r e sa f u n s' kd ksa d h m i f L F kf r d s f o o j . k
f u n s' kd d k u ke l o ZJ h v o f / k
m u d h d k; kZo f / k d s
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c SB d sa
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c SB d sa
1. | i- nii
01.04.201131.12.2011 8 7
2. i| ~li
01.04.201131.03.2012 14 14
3. |. i-i
01.01.2012-31.03.2012 6 6
4.-|n ii
29.08.2011 31.03.2012 10 10
5. ilnini i
01.04.2011-31.03.2012 14 10
6. i-|
01.04.201130.05.2011 2 2
7. i. i -ir
30.05.2011 31.03.2012 12 9
8. i. -i ni
01.04.201130.06.2011 3 2
9. lni- -ri |lin
01.07.2011 07.01.2012 6 6
10 . -i
07.01.2012 31.03.2012 5 5
l h t ksf [ ke i zc a/ ku l f e f r %
ili- i l-ln i n- s |, zoos i li ni ii| l-ln ii - l-llin iil- r
|n ili- i l- ~i ili- lrn lli ~i ili- iil- r, l |ln i i|ln ni i
| ~i ili- i l-ln (|i-|), il-n ni i l-ln (-|) i li ili- i l-ln (ii-|)
i ili- l-lni | - -iiln i|
l-ln il-i - l-llin l--ln r
o ii ili- -i, i i lil-n rn |lni i liili liiln i
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n| r|
o l-n ii ii i ii i-ili rn ril i lrn ii ili- |-ii | |ii i -i|
o r i i- --i | lln, r i i- --i i -n ii ili- i,i il | nin| lln i|
53
IntermsoftheresolutionoftheBoardofDirectorsdatedNovember23,2006,thescopeofreferenceoftheAuditCommittee
was enhanced to include the following:
Regular review of accounts, accounting policies,
disclosures;
Reviewofthemajoraccountingentriesbasedonexercise
of judgment by management and review of signifcant
adjustmentsarisingoutofaudit;
Qualifcationsinthedraftauditreport;
Establishingandreviewingthescopeoftheindependent
audit including the observations of the auditors and
review of the quarterly, half-yearly and annual fnancial
statements before submission to the Board;
Postauditdiscussionswiththeauditorstoascertainany
area of concern;
Establishing the scope and frequency of internal audit,
reviewing the fndings of the internal auditors and
ensuring the adequacy of internal control systems;
Compliance with Accounting Standards and Accounting
Policies of the Bank.
Compliancewithstockexchangerequirementsconcerning
fnancialstatements,totheextentapplicable;
Overseerelatedpartytransactionsi.e.,transactionsofthe
Bank of material nature, with promoters or management,
their subsidiaries or relatives etc., that may have potential
confictwiththeinterestsoftheBankatlarge;and
Such other matters as may from time to time be
required by any statutory, contractual or other regulatory
requirements.
Details of Attendance of the Directors at the Audit Committee
Name of Director
(Sarvashree)
period
Meetings held
during the period
of their tenure
Meetings
Attended
1. V RamaGopal 01.04.201131.12.2011 8 7
2.RajeevRishi 01.04.201131.03.2012 14 14
3.BRajKumar 01.01.2012-31.03.2012 6 6
4.AmarjitChopra 29.08.2011 31.03.2012 10 10
5. Shaktikanta Das 01.04.2011-31.03.2012 14 10
6.SKaruppasamy 01.04.201130.05.2011 2 2
8.Prof.NarendraKumarAgrawal 01.04.201130.06.2011 3 2
10.SanjayMaken 07.01.2012 31.03.2012 5 5
c) Risk Management Committee:
Risk Management Committee was constituted on January 18, 2003. The functions of the Risk Management Committee
include the following:
TodevisethepolicyandstrategyforintegratedriskmanagementcontainingvariousriskexposuresoftheBankincluding
the Credit Risk.
Toco-ordinatebetweentheCreditRiskManagementCommittee(CRMC),theAssetLiabilityManagementCommittee
(ALMC)andOperationalRiskManagementCommittee(ORMC)andotherRiskCommitteesoftheBank.
TheresponsibilityoftheCommitteeinclude:
o Setting policies and guidelines for market risk measurement, management and reporting.
o Ensuringthatmarketriskmanagementprocesses(includingpeople,systems,operations,limitsandcontrols)satisfy
Banks policy.
o Reviewingandapprovingmarketrisklimits,includingtriggersorstop-lossesfortradedandaccrualportfolios.
o Appointmentofqualifedandcompetentstaff,ensuringpostingofqualifedandcompetentstaffandofindependent
market risk manager/s, etc.
54
t ksf [ ke i zc a/ ku l f e f r e sa f u n s' kd ksa d h m i f L F kf r d s f o o j . k %
c SB d sa
m i f L F kr
c SB d sa
1. -| - i|
01.04.2011-31.03.2012 4 4
2. | i- nii
01.04.2011-31.12.2011 3 3
3. i| ~li
01.04.2011-31.03.2012 4 4
4.|. i-i
01.01.2012-31.03.2012 1 1
5. -. ii
29.07.2011 31.03.2012 3 3
6.-|n ii
07.01.2012 31.03.2012 1 1
7. lni- -ri |lin
29.07.2011 31.03.2012 3 3
8. l il- |
07.01.2012 31.03.2012 1 1
M h v kb ZV h j . ku hf r l f e f r Hkwr i wo Z i zkS| ksf x d h l f e f r %
iniln| l-ln -i, zooz i nl-n | n;|
iniln| l-ln i n- | iniln| inii i i i -- liilin -i; --i ii i|ln
ii | ii l li ni r|
i | iniln| l-ln i iil | i ||.|i.i;-||.||..c,s.oz.oos, zoo li zs.o.zo
l l n lii , liilii i i;-| i|ln l-ln i i i- li ni r|
v kb ZV h j . ku hf r l f e f r e sa f u n s' kd ksa d h m i f L F kf r d s f o o j . k %
c SB d sa
m i f L F kr
c SB d sa
1. -| - i|
01.04.201107.01.2012 3 3
2. | i- nii
01.04.2011-31.12.2011 3 3
3 i| ~li
01.04.201131.03.2012 4 4
4.|. i-i
01.01.2012 31.03.2012 1 1
5. i. -i ni
01.04.201107.01.2012 3 2
6.-. ii
29.07.2011-31.03.2012 3 3
7. -|n ii
07.01.2012 31.03.2012 1 1
8. -i
07.01.2012 31.03.2012 1 1
9. lni- -ri |lin
07. 01.2012 31.03.2012 1 1
b Z x zkg d l so k l f e f r
nir i l-ln n-n z, zoo i nl-n | n; i|| nir i l-ln i - l-llin i| iil- r|
i- li lrni | ii l lillii ,lni |i i rn ,
niri i i i rn ,lni | |ii i
iin| l ,ii liiln ll-i i lii | |ii il | nir i i ln-i r| r|
55
Details of Attendance of the Directors at the Risk Management Committee
Name of Director
(Sarvashree)
period
Meetings held
during the period
of their tenure
Meetings
Attended
1. T M Bhasin 01.04.2011-31.03.2012 4 4
2. V RamaGopal 01.04.2011-31.12.2011 3 3
3.RajeevRishi 01.04.2011-31.03.2012 4 4
4.BRajKumar 01.01.2012-31.03.2012 1 1
5. M Jayanath 29.07.2011 31.03.2012 3 3
6.AmarjitChopra 07.01.2012 31.03.2012 1 1
d) IT Strategy Committee (erstwhile Technology Committee) :
TheTechnologyCommitteewasconstitutedonMarch11,2002.
TheTechnologyCommitteehasbeensetuptolookintothetechnologicalupgradationrequirementsoftheBankand
recommendastrategicplanwithclearlydefnedmilestones.
TheTechnologyCommitteeoftheBoardhasbeenrenamedasITStrategyCommitteeasperthedirections/guidelines
ofRBIvidecommunicationDBS.CO.ITC.BC.No.6/31.02.008/2010-11dated29.04.2011.
Details of Attendance of the Directors at the IT Strategy Committee
Name of Director
(Sarvashree)
period
Meetings held
during the period
of their tenure
Meetings
Attended
1.T M Bhasin 01.04.201107.01.2012 3 3
2. V RamaGopal 01.04.2011-31.12.2011 3 3
3RajeevRishi 01.04.201131.03.2012 4 4
4.BRajKumar 01.01.2012 31.03.2012 1 1
5.Prof.NarendraKumarAgrawal 01.04.201107.01.2012 3 2
6.MJayanath 29.07.2011-31.03.2012 3 3
7.AmarjitChopra 07.01.2012 31.03.2012 1 1
8.SanjayMaken 07.01.2012 31.03.2012 1 1
9. Chintaman Mahadeo Dixit 07. 01.2012 31.03.2012 1 1
e) Customer Service Committee
TheCustomerServiceCommitteewasconstitutedonAugust24,2004.ThefunctionsoftheCustomerServiceCommittee
include the following:
To look into the simplifcation of procedures and practices with a view to safeguarding the interest of common
persons;
Toreviewthesystemsinplaceforprovidingservicetothecustomers;and
To review the regulations and procedures prescribed by Reserve Bank of India that impinge on customer service of
banks.
56
c SB d as
m i f L F kr
c SB d sa
1. -| - i|
01.04.2011-31.03.2012 4 4
2. | i- nii
01.04.2011-31.12.2011 3 3
3. i| ~li
01.04.201131.03.2012 4 4
4.|. i-i
01.01.2012 31.03.20 12 1 1
5. ilnini i
01.04.2011-31.03.2012 4 2
6.-. ii
29.07.2011 31.03.2012 3 3
7. i. -i ni
29.07.2011 31.03.2012 3 2
8. l il- |
07.01.2012 31.03.2012 1 1
, Q f u n s kd ksa d h l f e f r l r d Zr k
nni l-ln | z, ss i nl-n | n; i|| nni l-ln ln-ir| - i - n| r i ln iil -i-i
i liin| i | |ii n| r| li l-ln | l-i|, nni -i-i iili |ii rn li - i -nn
| in| r|
l r d Zr k l f e f r e sa f u n s' kd ksa d h m i f L F kf r d s f o o j . k %
c SB d sa
m i f L F kr
c SB d sa
1. -| - i|
01.04.2011-31.03.2012 4 4
2. | i- nii
01.04.2011-31.12.2011 3 3
3. i| ~li
01.04.201131.03.2012 4 4
4.|. i-i
01.01.2012-31.03.2012 1 1
5. ilnini i
01.04.2011-31.03.2012 4 3
6.i. i -ir
30.05.2011 31.03.2012 4 4
t h c M s e wY ; d h / kks[ kk/ kf M ; kas d ks e ku hV j d j u s g sr q f o ks" k l f e f r %
` i i li | iiiiili i -i|- rn ; l-ln i n- s | zoo i li ni ii|
c M +s e wY ; d h / kks[ kk/ kf M ; ksa d ks e ku hV j d j u s g sr q f o ' ks" k l f e f r e sa f u n s' kd ksa d h m i f L F kf r d s f o o j . kA
c SB d as
m i f L F kr
c SB d sa
1. -| - i|
01.04.2011-31.03.2012 4 4
2. | i- nii
01.04.2011-31.12.2011 3 3
3. i| ~li
01.04.2011-31.03.2012 4 4
4.|. i-i
01.01.2012-31.03.2012 1 1
5. ilnini i
01.04.2011-31.03.2012 4 3
6.i. -i ni
01.04.2011-30.06.2011 1 1
7. lni- -ri |lin
29.07.2011-07.01.2012 2 2
8. -i
07.01.2012-31.03.2012 1 1
, p ' ks; j v ar j . k l f e f r %
;l (ii i -i) ll-, sss, ll- i z i, s -i zoo/ i | i ni l-ln nl-n |
n; | r l-ln |-l-li, |-l-li il rn ii li n| r|
x zkg d l so k l f e f r e sa f u n s' kd ksa d h m i f L F kf r d s f o o j . k %
57
Details of Attendance of the Directors at the Customers Service Committee
Name of Director
(Sarvashree)
period
Meetings held
during the period
of their tenure
Meetings
Attended
1. T M Bhasin 01.04.2011-31.03.2012 4 4
2. V RamaGopal 01.04.2011-31.12.2011 3 3
3.RajeevRishi 01.04.201131.03.2012 4 4
4.BRajKumar 01.01.2012 31.03.2012 1 1
5. Shaktikanta Das 01.04.2011-31.03.2012 4 2
6.MJayanath 29.07.2011 31.03.2012 3 3
7.Prof.NarendraKumarAgrawal 29.07.2011 31.03.2012 3 2
f) Committee of Directors (Vigilance)
The Vigilance Committee was constituted on January 12, 1991. The Vigilance Committee meets once in a quarter to
review any outstanding disciplinary cases and departmental enquiries. The observation of the Vigilance Committee is put
up to the Board in the half yearly review of vigilance matters.
Details of Attendance of the Directors at the Vigilance Committee
Name of Director
(Sarvashree)
period
Meetings held
during the period
of their tenure
Meetings
Attended
1. T M Bhasin 01.04.2011-31.03.2012 4 4
2. V RamaGopal 01.04.2011-31.12.2011 3 3
3.RajeevRishi 01.04.201131.03.2012 4 4
4.BRajKumar 01.01.2012-31.03.2012 1 1
5. Shaktikanta Das 01.04.2011-31.03.2012 4 3
g) Special Committee for Monitoring of Large Value Frauds:
TheCommitteewasconstitutedonJanuary31,2004formonitoringfraudsof`1 crore and above.
Details of Attendance of the Directors at the Special Committee for Monitoring of Large Value Frauds
Name of Director
(Sarvashree)
period
Meetings held
during the period
of their tenure
Meetings
Attended
1. T M Bhasin 01.04.2011-31.03.2012 4 4
2. V RamaGopal 01.04.2011-31.12.2011 3 3
3.RajeevRishi 01.04.2011-31.03.2012 4 4
4.BRajKumar 01.01.2012-31.03.2012 1 1
5. Shaktikanta Das 01.04.2011-31.03.2012 4 3
6.Prof.NarendraKumarAgrawal 01.04.2011-30.06.2011 1 1
7. Chintaman Mahadeo Dixit 29.07.2011-07.01.2012 2 2
8.SanjayMaken 07.01.2012-31.03.2012 1 1
h) Share Transfer Committee:
Pursuant to Regulation 2A of Indian Bank (Shares and Meetings) Regulations, 1999, the Share Transfer Committee of
the Bank was constituted on March 13, 2007. The Committee considers requests for rematerialization, dematerialization,
etc.
58
' ks; j v ar j . k l f e f r e sa f u n s' kd ksa d h m i f L F kf r d s f o o j . k
c SB d sa
m i f L F kr
c SB d sa
1. | i- nii
01.04.2011-31.12.2011 1 1
2. i| ~li
01.04.201131.03.2012 1 1
3. |. i-i
01.01.2012 31.03.2012
i i
4.i. -i ni
29.07.2011-31.03.2012 1 1
5. lni- -ri |lin
07.01.2012 31.03.2012
i i
6.l il- |
07.01.2012 31.03.2012
i i
v kb Z ' ks; j / kkj d ksa @ f u o s' kd ksa d h f ' kd k; r l f e f r %
iiii nii lii | liini lii i i ii rn zs , zooc ii l-ln nl-n | n; i ; l-ln
i i l ii ni, iiii, ili liin r| ri i l| i | liini n |l-n r| r, l~
l, l| i ii i li | liini lii i i i| iil- r|
' ks; j / kkj d ksa @ f u o s' kd ksa d h f ' kd k; r l f e f r e sa f u n s' kd ksa d h m i f L F kf r d s f o o j . k
m u d h d k; kZo f / k d s n kSj ku
v k; ksf t r c SB d as
m i f L F kr c SB d sa
1. | i- nii
01.04.201131.12.2011 3 3
2. i| ~li
01.04.2011-31.03.2012 4 4
3. |. i-i
01.01.2012-31.03.2012 1 1
4.i. -i ni
29.07.2011-31.03.2012 3 2
5. lni- -ri |lin
07.01.2012 31.03.2012 1 1
6.l il- |
07.01.2012 31.03.2012 1 1
t s u ke kad u l f e f r
iin| l ||i| ||../,zs.ss.oo,zoo/os l.o , zoo/ - l n liilii i ,
iiili - li l i-i i ii i i ln --- i liii iii
ln iii| i i lii rn l o, zoo/ i i-i l-ln nl-n | i|| l-llin lii ii ; -; so, zo i
nl-n li ni ii|
. iin i il-n| li (l-ln i i)
z. iin| l il-n| li (iil lii -ln ii)
s. ii li (iil lii -ln ii)
u ke kad u l f e f r e sa f u n s' kd ksa d h m i f L F kf r d s f o o j . k
m u d h d k; kZo f / k d s n kSj ku
v k; ksf t r c SB d as
m i f L F kr
c SB d sa
1. ilnini i
30.05.2011 to 31.03.2012 1 1
2. i. i -ir
30.05.2011 to 31.03.2012 1 1
3. | i- nii
30.05.2011 to 31.12.2011 1 1
d s i kf j J f e d l f e f r %
zs -i, zoo/ i ill- l-ln nl-n | n| i|| iin i ,ii ; i - i n l-ii i i li i
ii li i ill- ii i -r rn | lnln i inni li ini r|
nii -n lii i i; i| ill- i inni r| li ini r, r iin i liilii i i ,
l-ln | -i - iil- ri l - i~ i inni li ini r| i-|n (i i lli iii) ii, s/o
i / | ini i - - iin| l i-i | i ,ii l n lii i niii
i ii -r rn i-n lrn ill- i inni li ini r|
59
Details of Attendance of the Directors at the Share Transfer Committee
Name of Director
(Sarvashree)
period
Meetings held
during the period
of their tenure
Meetings
Attended
1. V RamaGopal 01.04.2011-31.12.2011 1 1
2.RajeevRishi 01.04.201131.03.2012 1 1
3.BRajKumar 01.01.2012 31.03.2012 Nil Nil
5. Chintaman Mahadeo Dixit 07.01.2012 31.03.2012 Nil Nil
6.ButchiRamiReddy 07.01.2012 31.03.2012 Nil Nil
i) Shareholders / Investors Grievance Committee :
The Committee was constituted with effect from November 23, 2006 to carry out such functions for the redressal of
Shareholdersandinvestorscomplaints,includingbutnotlimitedtotransferofshares,non-receiptofdividends,Annual
Report and any other grievance that a shareholder or investor of the Bank may have against the Bank.
Details of Attendance of the Directors at the Shareholders / Investors Grievance Committee
Name of Director
(Sarvashree)
period
Meetings
Attended
1. V RamaGopal 01.04.201131.12.2011 3 3
2.RajeevRishi 01.04.2011-31.03.2012 4 4
3.BRajKumar 01.01.2012-31.03.2012 1 1
6.ButchiRamiReddy 07.01.2012 31.03.2012 1 1
j) Nomination Committee:
The Nomination Committee was constituted on December 01, 2007 by the Bank as per the guidelines of Reserve Bank of
India contained in DBOD.Lr. BC.No.47/29.39.001/2007-08 dated November 01, 2007 for the purpose of carrying out due
diligence to determine the ft and proper status of the persons who fle their nominations for election as Shareholder
DirectoroftheBank.ItwasreconstitutedonMay30,2011withthefollowingDirectors:
1. GovernmentofIndiaNomineeDirector(ChairmanoftheCommittee).
2. RBINomineeDirector(withspecialpermissionfromRBI)
3. ExecutiveDirector(withspecialpermissionfromRBI).
Details of Attendance of the Directors at the Nomination Committee
Name of Director
(Sarvashree)
period
Meetings
Attended
1. Shaktikanta Das 30.05.2011 to 31.03.2012 1 1
2.Dr.NKrishnaMohan 30.05.2011 to 31.03.2012 1 1
3. V RamaGopal 30.05.2011 to 31.12.2011 1 1
k) Remuneration Committee :
The Remuneration Committee was constituted on March 29, 2007. The Chairman and Managing Director and Executive
Directors are being paid remuneration and reimbursement of travelling and halting expenses as per the rules framed by
GovernmentofIndiainthisregard.
The Part-Time Non-Offcial Directors are not being paid any other remuneration, except Sitting Fees for attending the
meetingoftheBoard/CommitteeaspertheguidelinesofGovernmentofIndia.Theremunerationincludingtravellingand
haltingexpensestoPart-TimeNon-OffcialDirectorsisbeingpaidasdecidedbytheCentralGovernmentinconsultationwith
RBIfromtimetotimeintermsofClause17ofNationalisedBanks(ManagementandMiscellaneousProvisions)Scheme,
1970.
60
i kf j J f e d l f e f r e sa f u n s' kd ksa d h m i f L F kf r d s f o o j . k %
c SB d as
m i f L F kr
c SB d sa
1. ilnini i
01.04.2011-31.03.2012 1 1
2. i-|
01.04.201130.05.2011 1 1
3. | nii
23.04.201130.06.2011 1 1
4.i. -i ni
01.04.201130.06.2011
01.07.2011 31.03.2012
1
i
1
i
f u n s' kd ksa d ks i kf j J f e d
i i li nii ii lii (n| iil li) i iin i ,ii i n l-i i n
- ill- i li ini r| illli i ; iil lii i -n li lin i-ir ilii i
li | li ni r| (ìii-)
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i n u ke
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1. -| - i| i i li
15.04 8.00 23.04
2. i| ~li ii li
12.58 3.25 15.83
3. | i-i ii li
3.08 - 3.08
4.| i- nii ii li
12.79 6.50 19.29
5. i--ii * ii li
- 3.25 3.25
* - | ili in - i-ir i inni li ni r|
i i li, ii li, i i iil il-n| lii li i n s, zo ii i
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i~ i l i r (`r,ooo, i `z,roo, ii ni r)|
4 - l ke kU; c SB d sa
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.oo r ;-, -i| n
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coo ozs
l,n| i-i,
so, zoos
.oo r ;-, -i| n
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coo ozs
nn| i-i,
zs, zoos
o.oo r ;-, -i| n
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coo ozs
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r l-ln i il lii i li lin i-ir inni iii iin i ,ii liiln -ii - iii
|iii| i ii ,iil lii li i -~iln n| r|
61
TheCommitteeevaluatestheperformanceoftheBank/Whole-timeDirectorsfortheyearunderreviewbasedonasetof
parametersasfxedbyGovernmentofIndiaforthepurposeofpaymentofperformance-linkedincentivestotheWhole-
time Directors.
Details of Attendance of the Directors at the Remuneration Committee
Name of Director
(Sarvashree)
period
Meetings held
during the period
of their tenure
Meetings
Attended
1. Shaktikanta Das 01.04.2011-31.03.2012 1 1
2.SKaruppasamy 01.04.201130.05.2011 1 1
3.CKRanganathan 23.04.201130.06.2011 1 1
4.Prof.NarendraKumarAgrawal 01.04.201130.06.2011
01.07.2011 31.03.2012
1
Nil
1
Nil
Remuneration of Directors:
TheChariman&ManagingDirectorandExecutiveDirectors(threewholetimedirectors)arebeingpaidremunerationby
wayofsalaryasperrulesframedbytheGovernmentofIndia.ThedetailsofremunerationandthePerformanceLinked
IncentivepaidtotheWhole-TimeDirectorsaredetailedbelow: ( ` in lacs)
Name of Director
(Sarvashree)
Designation
Salaray,
allowance, etc
performance
Linked Incentive
Total
1. T M Bhasin Chairman & Managing Director 15.04 8.00 23.04
2.RajeevRishi ExecutiveDirector 12.58 3.25 15.83
3.BRajKumar ExecutiveDirector 3.08 - 3.08
4.VRamaGopal Ex-ExecutiveDirector 12.79 6.50 19.29
5. A S Bhattacharya * Ex-ExecutiveDirector - 3.25 3.25
*IncentivepaymentsmadeinproportiontohisrespectivetenureintheBank.
DirectorsotherthanChairmanandManagingDirector,ExecutiveDirectors,GovernmentandRBINomineeDirectorsare
entitled to sitting fees of `10,000/-and` 5,000/-(enhancedfrom`5,000/-and`2,500/-,respectively)witheffectfrom
October18,2011forattendingBoardmeetingsandmeetingsoftheCommitteesofBoardasperGovernmentofIndia
guidelines.
4. General Body Meetings:
The details of previous Annual General Meetings (AGM) of shareholders of the Bank are as follows:
Annual General Meeting Day & Date Time Venue
First Wednesday,
June 27, 2007
11.00 a.m. IMAGE,MRCNagar
RajaAnnamalaipuram
Chennai-600028.
Second Monday,
June 30, 2008
RajaAnnamalaipuram
Chennai-600028.
Third Monday,
June 29, 2009
RajaAnnamalaipuram
Chennai-600028.
Fourth Thursday
June 10, 2010
RajaAnnamalaipuram
Chennai600028.
Fifth Wednesday
June 29, 2011
RajaAnnamalaipuram
Chennai600028.
62
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63
IntheFifthAnnualGeneralMeeting,resolutionsapprovingFollow-onPublicOfferforissueof6.14croreEquityShares
of `10/-eachatapremiumtobedecidedbytheBankandconversionofNon-CumulativePreferenceShareCapitalof
`400croreintoEquityShareCapitalsubjecttoapprovalbyGovernmentofIndiaandotherregulatoryauthorities,were
passed as special resolutions.
5. Disclosures
a. Otherthanthoseinthenormalcourseofbankingbusiness,theBankhasnotenteredintoanymateriallysignifcant
transactions with its Promoters / Directors, Management, their subsidiaries, or relatives, etc. that may have potential
confictwiththeinterestsoftheBankatlarge.
b. The Bank has complied with all the requirements regarding capital market related matters and has not been imposed
anypenaltyorstricturebythestockexchangesorSEBIoranyotherstatutoryauthorityduringlastyear.
c. Mandatory and non-mandatory requirements:
The Bank has complied with all the applicable mandatory requirements as provided in Clause 49 of the Listing
agreemententeredintowiththeStockExchanges.Theextentofimplementationofnon-mandatoryrequirementsis
furnished as under:
Requirement Compliance
A non-executive Chairman should be entitled to maintain a
Chairmans Offce at the Banks expense and also allowed
reimbursement of expenses incurred in performance of his
duties.
TheBankischairedbyanExecutiveChairmanappointed
by the Government of India and the reimbursement of
expenses incurred by him are in terms of Government of
Indiaguidelines.
The Bank should set up a remuneration committee to
determine on their behalf and on behalf of the shareholders
withagreedtermsofreference,theBankspolicyonspecifc
remuneration packages for executive directors including
pension rights and any compensation payment.
Remuneration Committee of the Board has been formed
to determine the remuneration package in terms of the
GovernmentofIndiaguidelines.
Whistle Blower policy: The Bank may establish a mechanism
for employees to report to the management concerns about
unethical behaviour, actual or suspected fraud or violation of
the Banks code of conduct or ethics policy and provide for
adequate safeguards against victimization of employees.
The Bank has put in place a Whistle Blower policy.
postal Ballot The business transacted did not require any special
resolution to be put through postal ballot.
6. Means of Communication
InformationrelatingtoBankwillbemainlyissuedthroughtheAnnualReportwhichincludestheDirectorsReport,Auditors
Report, Cash Flow Statements, Consolidated Audited Accounts, etc. The shareholders will also be intimated on the
quarterly, half yearly and annual performance through individual communication, publication in newspapers, intimation
toStockExchanges(NSE&BSE),pressrelease,emailwhereverpossible,whichisalsoavailableonthewebsiteofthe
Bank. The Bank issues press release on various operational matters such as revision in interest rates, launching of new
products, opening of new branches, etc. which are also available on the website of the Bank (www.indianbank.in).
7. General Shareholder Information
Board Meeting for considering accounts of
IndianBankanddeclarationofdividend
May 11, 2012
Date, Time & Venue of AGM
June 29, 2012.
10.00 a.m.
IMAGEAuditorium,MRCNagar,RajaAnnamalaipuram,
Chennai-600028.
Financial Year 2011-12
Book closure dates June 27, 2012 to June 29, 2012 (both days inclusive)
Dividendfor2011-12
Equitysharesat` 7.50 (75%) per share
Preference shares at 10% p.a.
Lastdateofreceiptofproxyforms June 23, 2012
Date of payment of Dividend Within 30 days from the date of the ensuing Annual General Meeting
64
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l a- ' ks; j / kkj d ksa d k l ao x Z / kkf j r ' ks; j ksa d h l a[ ; k d qy / kkf j r k d s l kF k i zf r ' kr
1.
iin i
343820000 80.00
2.
iin| | |-i ln-
10415499 2.42
3.
|| --ii i; ; | ll--
7532677 1.75
4.
l--l-n ii ||
4594700 1.07
3 1 - 0 3 - 2 0 1 2 r d d qy f o n s' kh / kkf j r k
l a- ' ks; j / kkj d ksa d k l ao x Z / kkf j r ' ks; j ksa d h l a[ ; k d qy / kkf j r k d s l kF k i zf r ' kr
1.
li| -iinn li
38926526 9.06
2.
ii;
360978 0.08
39287504 9.14
, - L V kWd , D L kp sat ksa i j f y f L V ax
65
a. Listing on Stock Exchanges
The Equity Shares of the Bank are listed with the National Stock Exchange of India Limited and the Bombay Stock
ExchangeLimitedwitheffectfromMarch01,2007.TheScripcodesoftherespectiveStockExchangeareasunder:
No. Stock Exchange Stock Scrip Code
1. NSE Equity INDIANB
2. BSE Equity INDIANB/532814
TheBankhaspaidthelistingfeesfortheyear2011-12tothestockexchanges.
b. Compliance Offcer(s)
ShriRRavi,GeneralManagerwastheComplianceOffcertillMay09,2011.ShriAKamatchi,GeneralManagerhasbeen
designatedasComplianceOffcerfromMay10,2011forcomplyingwithvariousprovisionsofSEBIandotherstatutory
authorities.Shri.A.GanesaRathnam,CompanySecretaryhasbeendesignatedastheComplianceOffcerforcomplying
withvariousprovisionsofListingAgreemententeredintowiththeStockExchanges.
c. Share Transfer & Redressal of Investors Grievances:
The Bank has appointed M/s Cameo Corporate Services Ltd., Chennai, as the Share Transfer Agent for recording of
shareholders requests, resolution of investors grievances amongst other activities connected with the issue of shares.
Fortheconvenienceofinvestors,grievances/complaintsfromthemarealsoacceptedattheBanksCorporateOffcein
Chennai.
The investors may lodge their requests / complaints either with the Share Transfer Agent or with the Bank at the following
addresses:
CameoCorporateServicesLtd.
Unit:IndianBank
Subramanian Building
1, Club House Road
Chennai600002.
Tel:(9144)28460718
Fax:(9144)28460129
Email:investor@cameoindia.com
Company Secretary
IndianBank,CorporateOffce
InvestorServicesCell,Wing2C,2ndFloor
254-260,AvvaiShanmugamSalai
Royapettah,Chennai600014
Telephone:(9144)28134076
Fax:(9144)28134075
Email:investors@indianbank.co.in
Number of Complaints received, resolved and pending:
Thedetailsofcomplaintsreceivedandresolvedduring2011-12andpendingason31.03.2012areasfollows:
pending as on 01.04.2011 Received from 01.04.11 to 31.03.12 Resolved pending as on 31.03.12
0 49 49 0
d. Shareholding pattern as on 31.03.2012:
List of shareholders holding shares 1% and above as on 31.03.2012:
No. Name of the Shareholders No. of shares held % to total holding
1. GovernmentofIndia 343820000 80.00
2. LifeInsuranceCorporationofIndia 10415499 2.42
3. HDFCStandardLifeInsuranceCompanyLimited 7532677 1.75
4. Stichting Pensionenfonds ABP 4594700 1.07
Total foreign holding as on 31.03.2012:
No. Category of Shareholders No. of shares held % to total holding
1. ForeignInstitutionalInvestors 38926526 9.06
2. NRIs 360978 0.08
T o t a l 39287504 9.14
66
3 1 - 0 3 - 2 0 1 2 r d ' ks; j / kkf j r k d k f o r j . k
l ao x Zo kj %
l a- l ao x Z / kkf j r ' ks; j ksa d h l a[ ; k j kf ' k ( ` ) ' ks; j / kkf j r k d k i zf r ' kr
1.
iin i
343820000 3438200000 80.00
2.
l-n| -ii (|,i -ii)
11471862 114718620 2.67
3.
- i -|i;
8515350 85153500 1.98
4.
iili
16049396 160493960 3.73
5.
i;i;
38926526 389265260 9.06
6.
li| ril~ ;-il
10986866 109868660 2.56
429770000 4297700000 100.00

e wY ; o kj %
v af d r e wY ; d s ' ks; j ksa d h ' ks; j / kkf j r k ' ks; j / kkj d ' ks; j
l a[ ; k i zf r ' kr r k l a[ ; k i zf r ' kr r k
5000 n
64487 96.43 75933030 1.77
5001 10000
1377 2.06 9863140 0.23
10001 20000
496 0.74 6766440 0.16
20001 30000
125 0.19 3088550 0.07
30001 40000
55 0.08 1936320 0.05
40001 50000
38 0.06 1793940 0.04
50001 100000
68 0.10 4925350 0.11
100001 i li
230 0.34 4193393230 97.57
66876 100.00 4297700000 100.00

e kf l d m P p , o a f u Eu d ksV s' ku , o a ' ks; j ksa d h e k= k
e kg , u , l b Z c h, l b Z d qy
m P p
(`)
f u Eu
(`)
e k= k
(y k[ kksa e sa)
m P p
(`)
f u Eu
(`)
e k= k
(y k[ kksa e sa)
e k= k
(y k[ kksa e sa)
zo
254.10 225.00 100.35 254.15 225.20 10.01 110.36
-; zo
247.85 236.60 76.46 247.90 214.00 9.78 86.24
zo
227.25 207.20 58.29 227.50 207.15 6.13 64.42
i; zo
241.50 207.20 92.17 241.60 207.15 6.69 98.86
n-n zo
229.95 184.55 70.07 230.15 185.15 3.82 73.89
ln- zo
220.50 196.00 55.66 221.00 196.50 8.25 63.91
- zo
225.70 189.55 49.04 229.90 190.25 3.18 52.22
- zo
224.70 180.45 61.59 220.00 181.40 1.74 63.33
l- zo
224.00 166.00 67.61 202.00 166.50 3.86 71.47
| zoz
224.00 181.10 84.37 223.80 180.00 15.80 100.17
| zoz
265.00 219.00 115.94 253.20 219.00 6.11 122.05
-i zoz
248.45 218.10 72.10 265.00 204.20 36.20 108.30
67
Distribution of shareholdings as on 31.03.2012:
Category wise:
No. Category No. of Shares held Amount ( ` ) % of Shareholding
1. GovernmentofIndia 343820000 3438200000 80.00
2. Banks&FinancialInstitutions(Central/
StateInstitutions)
11471862 114718620 2.67
3. MutualFunds&UTI 8515350 85153500 1.98
4. Bodies Corporate 16049396 160493960 3.73
5. FIIs 38926526 389265260 9.06
6. Resident Holdings, etc. 10986866 109868660 2.56
TOTAL 429770000 4297700000 100.00
Value wise:
Shareholding of Nominal value ` Shareholders Shares
Nos. %age Nos. %age
Upto 5000 64487 96.43 75933030 1.77
5001 10000 1377 2.06 9863140 0.23
10001 20000 496 0.74 6766440 0.16
20001 30000 125 0.19 3088550 0.07
30001-40000 55 0.08 1936320 0.05
4000150000 38 0.06 1793940 0.04
50001-100000 68 0.10 4925350 0.11
100001 & above 230 0.34 4193393230 97.57
TOTAL 66876 100.00 4297700000 100.00
Monthly High and low quotation and volume of shares:
Month N S E B S E Total
High
(`)
Low
(`)
Volume
(Nos. in lacs)
High
(`)
Low
(`)
Volume
(Nos. in lacs)
Volume
(Nos. in lacs)
April 2011 254.10 225.00 100.35 254.15 225.20 10.01 110.36
May 2011 247.85 236.60 76.46 247.90 214.00 9.78 86.24
June 2011 227.25 207.20 58.29 227.50 207.15 6.13 64.42
July 2011 241.50 207.20 92.17 241.60 207.15 6.69 98.86
August 2011 229.95 184.55 70.07 230.15 185.15 3.82 73.89
September 2011 220.50 196.00 55.66 221.00 196.50 8.25 63.91
October 2011 225.70 189.55 49.04 229.90 190.25 3.18 52.22
November 2011 224.70 180.45 61.59 220.00 181.40 1.74 63.33
December 2011 224.00 166.00 67.61 202.00 166.50 3.86 71.47
January 2012 224.00 181.10 84.37 223.80 180.00 15.80 100.17
February 2012 265.00 219.00 115.94 253.20 219.00 6.11 122.05
March 2012 248.45 218.10 72.10 265.00 204.20 36.20 108.30
68
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69
e. Dematerialization of Shares
The shares of the Bank are compulsorily traded in dematerialized form and the Bank has entered into agreements with
theNationalSecuritiesDepositoryLimited(NSDL)andCentralDepositoryServices(India)Limited(CDSL)andtheISINis
INE562A01011.AsonMarch31,2012thedetailsofsharesheldindematerialisedandphysicalformwereasunder.
No. Stock No. of shares Form
1. Preference 4,00,00,000 D-Mat
2. Equity 1,984 Physical
3. Equity 42,97,68,016 D-Mat
f. Shares in Suspense Account
IncomplianceoftherequirementstipulatedinClause5AoftheListingAgreement,theBankiskeepingthesharesissued
pursuant to the Initial Public Offer, which remain unclaimed despite the best efforts of the Bank and the Registrar in a
Suspense Account opened for this purpose. The details of such shares lying in the Suspense Account are as under:
particulars No. of Shareholders Shares outstanding
Outstanding at the beginning of the year 34 5763
No. of shareholders approached for transfer 1 212
No. of shareholders to whom shares were transferred 1 212
Outstanding at the end of the year 33 5551
g. Code of Conduct
The Bank has framed the Code of Conduct applicable to Board of Directors and Senior Management Personnel and the
same has been adopted by the Board of Directors at its meeting held on March 29, 2007 and subsequently amended and
approved by the Board of Directors on December 23, 2008 and the same has also been put on the Banks website viz.,
www.indianbank.in.
Declaration
The Bank has laid down a Code of Conduct for all the Board Members and Senior Management of the Bank and the Code
is posted on the website of the Bank.
TheBoardMembersandSeniorManagementhaveaffrmedcompliancetotheCodeofConduct.
ForIndianBank
Place: Chennai T M Bhasin
Date: May 11, 2012 Chairman & Managing Director
70
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71
CEO & CFO Certifcate under Clause 49 of the Listing Agreement
To
The Board of Directors
Indian Bank
This is to certify that
(a) We have reviewed fnancial statements and the cash
fowstatementofIndianBankfortheyear2011-12and
that to the best of our knowledge and belief:
(i) these statements do not contain any materially
untrue statement or omit any material fact or
contain statements that might be misleading;
(ii) these statements together present a true and fair
view of the Banks affairs and are in compliance
with existing accounting standards, applicable laws
and regulations.
(b) There are, to the best of our knowledge and belief, no
transactions entered into by the Bank during the year
which are fraudulent, illegal or violative of the Banks
codes of conduct.
(c) We accept responsibility for establishing and
maintaininginternalcontrolsforfnancialreportingand
that we have evaluated the effectiveness of the internal
control systems of the Bank pertaining to fnancial
reporting and we have disclosed to the auditors and
the Audit Committee, defciencies in the design or
operation of internal controls, if any, of which we are
aware and the steps we have taken or propose to take
torectifythesedefciencies.
(d) We have indicated to the auditors and the Audit
Committee
(i) signifcantchangesininternalcontroloverfnancial
reporting during the year.
(ii) signifcant changes in accounting policies during
the year and that the same have been disclosed in
thenotestothefnancialstatements;and
(iii) instances of signifcant fraud of which we have
become aware and the involvement therein, if
any, of the management or an employee having a
signifcantroleintheBanksinternalcontrolsystem
overfnancialreporting.
Place: Chennai
Date: May 11, 2012
( A Kamatchi )
General Manager & CFO
(T M Bhasin)
Chairman and Managing Director & CEO
72
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r- in rn r l i i, r| | il rini
i ii r i ii i - i | ini i
iii-ini r|
NIRANJAN AGRAWALLA
73
AUDITORS CERTIFICATE ON CORpORATE GOVERNANCE
To,
The Members of Indian Bank
We have examined the compliance of conditions of Corporate
Governance by INDIAN BANK for the year ended
March 31, 2012 as stipulated in Clause 49 of the Listing
AgreementofthesaidBankwiththeStockExchanges.
The Compliance of conditions of Corporate Governance is
the responsibility of the Management. Our examination was
limited to procedures and implementation thereof, adopted
by the bank for ensuring the compliance of conditions of
the Corporate Governance. It is neither an audit nor an
expression of opinion on the fnancial statements of the
Bank.
On the basis of the records and documents maintained by
the Bank and the information and explanations given to
us, in our opinion, we certify that the Bank has complied
with the conditions of Corporate Governance as stipulated
in the above mentioned listing agreement with the Stock
Exchanges.
We state that no investor grievance is pending for a period
exceeding one month against the Bank as per the records
maintained by the Shareholders and Investors Grievance
Committee.
We further state that such compliance is neither an assurance
as to the future viability of the Bank nor the effciency or
effectiveness with which the Management has conducted
the affairs of the Bank.
For CHANDRAN & RAMAN For SURI & CO For KALyANASUNDARAM & CO
Chartered Accountants Chartered Accountants Chartered Accountants
RegistrationNo.000571S RegistrationNo.004283S RegistrationNo.001676S
S pATTABIRAMAN R MAHESH K RAMESHKUMAR
Partner Partner Partner
(M.No.14309) (M.No.24775) (M.No.23962)
For S MOHAN & CO For A B p & ASSOCIATES For Raj K Aggarwal & Associates
RegistrationNo.000608N RegistrationNo.315104E RegistrationNo.002585N
RAVINDER ARORA NIRANJAN AGRAWALLA RAJ K AGGARWAL
(M.No.85542) (M.No.87939) (M.No.81492)
Place : Chennai
Date : May 11, 2012
74
; g i `" B t ku c w> d j [ kky h N ksM +k x ; k g S A
This page is intentionally left blank
75
VwbZ n,
bm^ d hm{Z bo Im Ed AZwgy{M`m
BALANCESHEET,
PROFITANDLOSSACCOUNTANDSCHEDULES
76
{d d aU PARTICULARS
A Z wg yMr g .
Sch.No.
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
n yO r d Xo` VmE CAPITAL & LIABILITIES
n yO r Capital
A ma{j {V` mA ma A {Y e of Reserves and Surplus
O _ mEDeposits
CY ma Borrowings
A ` Xo` VmEA ma n md Y mZ Other Liabilities & Provisions
1
2
3
4
5
829 77 00
9971 66 79
120803 79 95
4872 86 44
4941 09 80
829 77 00
8691 33 43
105804 18 27
2100 36 94
4292 64 94
Hw$b TOTAL 141419 19 98 121718 30 58
A mpV` mASSETS
^ maVr` [ aO d ~ H$ _ |oZ H$X A ma e of
Cash & Balances with R B I
~ H$m| _ | e of Ed _ mJ VWm A n g yMZ mn a n m` Y Z am{e
Balances with Banks and Money at Call and Short Notice
{Z d oe Investments
A {J _ Advances
A Mb A mp V` mFixed Assets
A ` A mp V` mOther Assets
6
7
8
9
10
11
6318 87 20
2494 49 05
37976 02 96
90323 59 95
1630 69 21
2675 51 61
6877 93 85
1684 37 22
34783 75 90
75249 90 56
1606 03 92
1516 29 13
Hw$b TOTAL
141419 19 98 121718 30 58
A mH$p _ H$ Xo` VmEContingent Liabilities
d g yb r Ho$ {b E {~ b Bills for Collection
12
-
48051 32 69
2383 26 57
33897 35 33
1919 30 73
31 _ mM2012 H$moVwb Z n ( ` rii -)
BALANCE SHEET AS ON MARCH 31, 2012 (` In Thousands)
_ h d n yU b oI mH$aU Z r{V` m Signifcant Accounting Policies 17
b oI m| n a {Q>n {U ` m Notes on Accounts 18
+ lin li, n -i li n r
Schedules referred to above form an integral part of the Balance Sheet.
WmZ Place , Chennai
VmarI Date : 11.05.2012
-| - i| i| ~li | i -i i l
T M BHASIN RAJEEV RISHI B RAJ KUMAR R RAVI
A ` j Ed n ~ Y {Z Xoe H$ ii li ii li _ h mn ~ Y H$
Chairman & Managing Director Executive Director Executive Director General Manager
li DIRECTORS:
ilnini i SHAKTIKANTA DAS, i. . i -ir DR N KRISHNA MOHAN, -. ii M JAYANATH
-|n ii AMARJIT CHOPRA, -i SANJAY MAKEN,
- lil- | M BUTCHI RAMI REDDY, lni- -ri |lin CHINTAMAN MAHADEO DIXIT,
illi | ii |i STATUTORY CENTRAL AUDITORS:
(;| ni|i | r-i| li- i) (As per our report of even date)
n i- n | | n ~ii- |
For CHANDRAN & RAMAN For SURI & CO For KALYANASUNDARAM & CO
g Z Xr b oI mH$ma g Z Xr b oI mH$ma g Z Xr b oI mH$ma
|i Registration No.000571S |i Registration No.004283S |i Registration No.001676S
--ili- i -ri -i-i
S. PATTABIRAMAN (R MAHESH) K. RAMESHKUMAR
g mP oXma g mP oXma g mP oXma
(M.No. 14309) (M No.24775) (M.No. 023962)
n -ir | n ||. il- n i . ni il-
For S. MOHAN & CO For ABP & ASSOCIATES For RAJ K AGGARWAL & ASSOCIATES
|i Registration No.000608N |i Registration No.315104E |i Registration No.002585N
| ii l nii i . ni
RAVINDER ARORA (NIRANJAN AGRAWALLA) (RAJ K AGGARWAL)
g mP oXma g mP oXma g mP oX ma
(M.No. 085542) (M No.87939) (M No.081492)
77
{d d aU Particulars
|
Schedule
31.03.2012 H$mog _ m d f
Y E 31.03.2012
31.03.2011 H$mog _ m d f
Y E 31.03.2011
I. A m` Income
A {O V ` mO Interest earned
A ` A m` Other Income
13
14
12231 32 30
1232 16 04
9361 02 80
1181 88 85
Hw$b TOTAL 13463 48 34 10542 91 65
II. ` ` Expenditure
` ` {H$` mJ ` m` mO Interest expended
n [ aMmb Z J V ` ` Operating Expenses
n md Y mZ Ed A mH$p _ H$Vm` | Provisions & Contingencies
15
16
7813 32 08
2186 99 74
1716 19 82
5324 91 58
1926 31 64
1577 60 97
Hw$b TOTAL 11716 51 64 8828 84 19
III. b m^ / h m{Z PROFIT/LOSS
d f Ho$ {b E {Z d b b m^ ril () Net Proft / Loss(-) for the year
A J mZ rV b m^ ril () Proft / Loss(-) Brought forward
1746 96 70
88 72 60
1714 07 46
87 90 96
Hw$b TOTAL 1835 69 30 1801 98 42
IV. {d {Z ` moO Z Appropriations
{Z Z H$moA V[ aV Transfer to
g m{d {Y H$ [ aO d Statutory Reserves
n yO r [ aO d - A ` Capital Reserves-Others
i lil- | iii 36(1)(viii) nnn lii l
Spl.Reserve u/s 36(1)(viii) of Income Tax Act
li l Investment Reserves
amO d [ aO d Revenue Reserves
Q>m\ $ H$ ` mU {Z {Y Staff Welfare Fund
n Vm{d V B{d Qr b m^ me Proposed Equity Dividend
n Vm{d V A {Y _ m` b m^ me Proposed Preference Dividend
b m^ me {d VaU H$a Dividend Distribution Tax
Vwb Z n H$mob oO m` mJ ` mA {Y e of
Balance carried over to Balance Sheet
436 75 00
1 68 20
125 00 00
--
747 00 00
15 00 00
322 32 75
40 00 00
58 77 86
89 15 49
428 52 00
1 18 41
90 00 00
--
759 00 00
15 00 00
322 32 75
40 00 00
57 22 66
88 72 60
Hw$b TOTAL
1835 69 30 1801 98 42
n {V e o` a A O Z , n ` m| _ | ( A mY ma^ yV A ma H$_ {H$` mJ ` m)
Earnings Per Share in ` (basic & diluted) 39.57 38.79
31 e kp Z2012 d ks l e kI r o " kZ d s f y , ( ` rii -)
PROFIT AND LOSS ACOUNT FOR THE YEAR ENDED MARCH 31, 2012 (` In Thousands)
_ h d n yU b oI mH$aU Z r{V` m Signifcant Accounting Policies 17
b oI m| n a {Q>n {U ` m Notes on Accounts 18
+ lin |, ii ril i li n r
Schedules referred to above form an integral part of the Proft & Loss Account.
WmZ Place , Chennai
VmarI Date : 11.05.2012
-| - i| i| ~li | i -i i l
li DIRECTORS:
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No. 14309) (M No.24775) (M.No. 023962)
| ii l nii i . ni
g mP oXma g mP oXma g mP oX ma
(M.No. 085542) (M No.87939) (M No.081492)
78
{d d aU PARTICULARS
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. n m{Y H$V n yO r Authorised Capital
n ` oH$ ` 10/- Ho $ 300,00,00,000 B{d Qr e o` a
300,00,00,000 Equity Shares of `10/- each
n ` oH$ ` 100/- Ho 4,00,00,000 Wm` r J a- g M` r A {Y _ m` e o` a
4,00,00,000 Perpetual Non-Cumulative Preference Shares of `100/- each
II. O mar, A {^ XV A ma A XmH$r J Bn yO r Issued, Subscribed and Paid up captial:
B{d Qr e o` a Equity Shares :
E. ^ maV g aH$ma mamaI oJ E n ` oH$ `10/- Ho$ 34,38,20,000 B{d Qr e o` a
a. 34,38,20,000 Equity shares of `10/- each held by Government of India
|. O Z VmmamaI oJ E n ` oH$ `10/- Ho$ 8,59,50,000 B{d Qr e o` a
b. 8,59,50,000 Equity shares of `10/- each held by Public
3000 00 00
400 00 00
343 82 00
85 95 00
3000 00 00
400 00 00
343 82 00
85 95 00
Hw$b TOTAL 429 77 00 429 77 00
A {Y _ m` e o` a Preference Shares :
^ maV g aH$ma mamaI oJ E n ` oH$ `100/- Ho$ 4,00,00,000 Wm` r J a g M` r A {Y _ m` e o` a
4,00,00,000 - Perpetual Non Cumulative Preference Shares of `100/- each
held by Government of India. 400 00 00 400 00 00
Hw$b TOTAL
829 77 00 829 77 00
A Z wg yMr 1- n yO r ( ` rii -)
SCHEDULE 1- CAPITAL (` In Thousands)
79
{d d aU PARTICULARS
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I
g m{d {Y H$ A ma{j {V` mSTATUTORY RESERVES
$) A We of a. Opening Balance
|) d f Ho$ XmamZ O moS>b. Additions during the year
2207 00 80
436 75 00
1778 48 80
428 52 00
Hw$b TOTAL I
2643 75 80 2207 00 80
II
) A
n yO rJ V A ma{j {V` mCAPITAL RESERVES
n wZ _ y ` mH$Z A ma{j {V` m Revaluation Reserve
|) d f Ho$ XmamZ O moS> b. Additions during the year
|) d f Ho$ XmamZ H$Q>m{V` mc. Deductions during the year
1194 56 08
--
30 52 73
1225 08 81
--
30 52 73
Hw$b ( E) Total (A) 1164 03 35 1194 56 08
|) B
A ` Others
|) d f Ho$ XmamZ O moS> b. Additions during the year
61 81 76
1 68 20
60 63 35
1 18 41
Hw$b ( c h) Total (B) 63 49 96 61 81 76
Hw$b II (E + ~ r)TOTAL II (A + B)
1227 53 31 1256 37 84
III
e oo` a n r{_ ` _ SHARE PREMIUM
H$) A We of Opening Balance 696 19 50 696 19 50
Hw$b TOTAL III 696 19 50 696 19 50
IV
amO d A ma A ` A ma{j {V` mREVENUE AND OTHER RESERVES
$) amO d A ma{j {V` m A) Revenue Reserve
A We of Opening Balance
d f Ho$ XmamZ O moS> Additions during the year
b m^ Ed h m{Z b oI og oA V[ aV
TRFD from Proft & Loss a/c
d f Ho$ XmamZ H$Q>m{V` mDeductions during the year
4074 90 47
--
747 00 00
--
3315 90 47
--
759 00 00
--
Hw$b ( E) Total (A) 4821 90 47 4074 90 47
|) A mBQ>r A {Y {Z ` _ H$s Y mamHo$36(1)(Viii) Ho$ A VJ V {d e of [ aO d
B) Special Reserve U/S 36(1)(viii) of IT Act
Hw$b ( ~ r) Total (B)
g r) A mBQ>r A {Y {Z ` _ H$s Y mam 36(i)(ViiiE) Ho$ A VJ V {d e of [ aO d
C) Special Reserve U/S 36(1)(viii a) of IT Act
|) {Z d oe [ aO d D) Investment Reserve
270 00 00
125 00 00
395 00 00
58 20 00
39 92 22
--
180 00 00
90 00 00
270 00 00
58 20 00
39 92 22
--
Hw$b ( Sr) Total (D) 39 92 22 39 92 22
Hw$b IV ( E + ~ r+ g r+ Sr) TOTAL IV (A + B + C + D) 5315 02 69 4443 02 69
V
b m^ Ed h m{Z ii PROFIT & LOSS ACCOUNT
Hw$b TOTAL V
88 72 60
42 89
89 15 49
87 90 96
81 64
88 72 60
Hw$b TOTAL (I + II + III + IV + V)
9971 66 79 8691 33 43
A Z wg yMr 2- A ma{j {V` mA ma A {Y e of ( ` rii -)
SCHEDULE 2- RESERVES AND SURPLUS (` In Thousands)
80
{d d aU PARTICULARS
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
( ) I. _ mJ O _ mam{e ` mA. I. DEMAND DEPOSITS
i. ~ H$m| g o From Banks
ii. A ` m| g oFrom Others
42 24 41
6923 62 40
71 21 68
6368 35 70
Hw$b TOTAL 6965 86 81 6439 57 38
II. ~ MV ~ H$ O _ mam{e ` m SAVINGS BANK DEPOSITS 29941 93 95 26270 55 69
III. g md {Y O _ mam{e ` m TERM DEPOSITS
i. ~ H$m| g o From Banks
ii. A ` m| g oo From Others
2670 66 52
81225 32 67
1913 81 67
71180 23 53
Hw$b TOTAL 83895 99 19 73094 05 20
Hw$b (I+II+III) TOTAL (I+II+III) 120803 79 95 105804 18 27
( |) I . ^ maV _ | pWV e mI mA m| H$s O _ mE
B. i) Deposits of branches in India
115771 71 14 102331 97 25
ii). ^ maV Ho$ ~ mh a e mI mA m| H$s O _ mEDeposits of branches outside India 5032 08 81 3472 21 02
Hw$b TOTAL 120803 79 95 105804 18 27
A Z wg yMr 3- O _ mE ( ` rii -)
SCHEDULE 3- DEPOSITS (` In Thousands))
{d d aU PARTICULARS
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. ^ maV _ | CY ma BORROWINGS IN INDIA
i) ^ maVr` [ aO d ~ H$Reserve Bank of India
ii) A ` ~ H$Other Banks
iii) A ` g WmEA ma A {^ H$aU Other Institutions and Agencies*
150 00 00
320 04 56
1492 87 90
100 00 00
1 93
1624 46 64
Hw$b TOTAL
1962 92 46 1724 48 57
II. ^ maV Ho$ ~ mh a CY ma BORROWINGS OUTSIDE INDIA ** 2909 93 98 375 88 37
Hw$b ( I + II) TOTAL (I+II)
4872 86 44 2100 36 94
D $n a g {_ {b V a{j V CY ma Secured Borrowings included above
NIL NIL
A Z wg yMr 4- CY ma ( ` rii -)
SCHEDULE 4- BORROWINGS (` In Thousands))
* {Q` a II n yO r- . òso.o H$amoS H$mJ mU F $U e m{_ b ( ls i ` 1300 H$amoS)
* Includes Tier II Capital - Subordinated debt of `1090.10 crore (P.Y. `1300 Cr)
** Z m Q>mo{_ aa e of m| H$s A g _ m` mo{O V _ X| Ed _ mJ W _ Xm| H$moe m{_ b H$aVoh E
** Includes pipeline and un-adjusted items in Nostro Mirror Balances
81
{d d aU PARTICULARS
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
i. Xoo` {~ b Bills Payable
ii. A Va - H$m` mb ` g _ m` moO Z ( {Z d b ) Inter Offce Adjustments(Net)
iii. n moX^ yV ` mO Interest Accrued
iv. A ` ( n md Y mZ g {h V) Others(including Provisions) *
774 48 27
--
799 92 13
3366 69 40
711 25 25
72 34 91
547 63 55
2961 41 23
Hw$b TOTAL 4941 09 80 4292 64 94
* -i il-ni l, il-- iii ` c./c i (ls df ` so. i) iil- r
* includes Contingent Provisions against Standard Assets of ` 446.76 Cr. (P.Y - ` 304.11 Cr.)
A Z wg yMr 5- A ` Xo` VmEA ma md Y mZ ( ` rii -)
SCHEDULE 5- OTHER LIABILITIES AND PROVISIONS (` In Thousands)
{d d aU PARTICULARS
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. h mW _ | Z H$Xr ( {d Xoe r _ wXmZ moQ>g p_ {b V h )
Cash in hand (including foreign currency notes)
II. ^ maVr` [ aO d ~ H$ Ho$ g mW Mmb yI mVo_ | e of
Balances with Reserve Bank of India in Current Account
300 16 95
6018 70 25
249 71 11
6628 22 74
Hw$b ( I + II ) TOTAL (I+II) 6318 87 20 6877 93 85
A Z wg yMr 6- ^ maVr` [ aO d ~ H$ _ | Z H$X A ma A {Y e of ( `rii -)
SCHEDULE 6- CASH AND BALANCES WITH RESERVE BANK OF INDIA (` In Thousands)
{d d aU PARTICULARS
31.03.2011 H$mo
As on 31.03.2012
31.03.2010 H$mo
As on 31.03.2011
I. ^ maV _ | IN INDIA
i) ^ maV _ | ~ H$m| _ | e of Balances with Banks
) Mmb yI mVoo_ | a) in Current Account
|) A ` O _ mI mVm| _ | b) in Other Deposit Accounts
68 52 62
27 86
55 37 01
96 20
Hw$b ( i) TOTAL (i) 68 80 48 56 33 21
ii) _ mJ VWmA n g yMZ mn a {VXo` Y Z am{e ( ~ H$m| Ho$ g mW )
Money at Call and Short Notice (with Banks)
645 26 13 --
Hw$b ( ii) TOTAL (ii) 645 26 13 --
Hw$b (I + II) TOTAL (i + ii) 714 06 61 56 33 21
II. ^ maV Ho$ ~ mh a OUTSIDE INDIA
i) Mmb yI mVm| _ | in Current Accounts
ii) A ` O _ mI mVm| _ | in other Deposit Accounts
iii) _ mJ VWmA n g yMZ mn a {VXo` Y Z am{e Money at Call and Short Notice
568 50 22
1180 40 22
31 52 00
327 58 07
1272 62 98
27 82 96
Hw$b (i + ii + iii) TOTAL (i + ii + iii) 1780 42 44 1628 04 01
Hw$b ` moJ ( I + II ) GRAND TOTAL (I +II) 2494 49 05 1684 37 22
A Z wg yMr 7- ~ H$m| _ | e of Ed _ mJ VWmA n g yMZ mn a {VXo` am{e ( ` rii -)
SCHEDULE 7- BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE (` In Thousands)
82
{d d aU PARTICULARS
31.03.2012 H$mo
As on
31.03.2012
31.03.2011 H$mo
As on
31.03.2011
I. ^ maV _ | {Z d oe INVESTMENTS IN INDIA
i. g aH$mar n {V^ y{V` m Government Securities
ii. A ` A Z w_ mo{XV n {V^ y{V` m Other approved Securities
iii. e o` a Shares
iv. {S>~ |Ma A ma ~ mS> Debentures and bonds
v. A Z wf {J ` mA ma / ` mg ` wV C _ Subsidiaries and/or joint ventures
vi. A ` Others
29699 80 13
43 12 08
459 09 23
1191 65 09
88 39 30
5027 20 74
26319 76 66
105 92 86
546 00 16
1356 05 13
88 40 76
5397 67 91
Hw$b TOTAL 36509 26 57 33813 83 48
II. ^ maV Ho$ ~ mh a {Z d oe INVESTMENT OUTSIDE INDIA
i. g aH$mar n {V^ y{V` m( WmZ r` n m{Y H$mar g {h V)
Government Securities (including local authorities)
ii. A ` {Z d oe Other investments
$ e o` a (a) Shares
| F $U n {V^ y{V` m (b) Debt Securities
1356 18 15
99 51
109 58 73
795 18 05
1 35 87
173 38 50
Hw$b TOTAL 1466 76 39 969 92 42
Hw$b ` moJ ( I + II) GRAND TOTAL (I+II) 37976 02 96 34783 75 90
III. ^ maV _ | g H$b Ed {Z d b {Z d oe GROSS AND NET INVESTMENTS IN INDIA
(i) g H$b Gross
(ii) K Q>mE_ y ` h mg Ho$ {b E n md Y mZ Less:Provision for depreciation
(iii) {Z d b ( $) Net (A)
36741 03 32
231 76 75
36509 26 57
34000 27 69
186 44 21
33813 83 48
IV. ^ maV Ho$ ~ mh a OUTSIDE INDIA
g H$b _ y ` / {Z d b _ y ` Gross Value / Net Value (B)
{Z d b Hw$b ` moJ ( , ) + ( c h) NET GRAND TOTAL (A+B)
1466 76 39
37976 02 96
969 92 42
34783 75 90
A Z wg yMr 8- {Z d oe ( ` rii -)
SCHEDULE 8- INVESTMENTS (` In Thousands)
83
{d d aU PARTICULARS
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
, .
i) H$` {H$E J E A ma ^ wZ m` oJ E {~ b Bills purchased and discounted
ii) Z H$X CY ma, A mod a S>m Q>A ma _ mJ n a n {VXo` CY ma
Cash Credit, Overdrafts and loans repayable on demand
iii. g md {Y CY ma Term Loans
2294 44 21
36057 58 16
51971 57 58
2092 92 50
26948 11 77
46208 86 29
Hw$b TOTAL 90323 59 95 75249 90 56
c h.
i) _ yVA mp V` m| mamn {V^ yV ( ~ h r F $U m| n a A {J _ g p_ {b V h )
Secured by tangible assets (includes advance against bookdebts)
ii) ~ H$ / g aH$mar n {V^ y{V` m| mamH$d a {H$` mJ ` m
Covered by bank/Government guarantee
iii) A n {V^ yV Unsecured
67142 60 68
5580 20 20
17600 79 07
58432 04 56
4801 19 86
12016 66 14
Hw$b TOTAL 90323 59 95 75249 90 56
l h
I ^ maV _ | A {J _ ADVANCES IN INDIA
i. n mW{_ H$Vmn m j o Priority Sector
ii. g md O {Z H$ j o Public Sector
iii. ~ H$ Banks
iv. A ` Others
29789 22 31
41 23 78
--
55641 96 41
25804 34 68
4981 25 00
--
41346 11 51
Hw$b TOTAL 85472 42 50 72131 71 19
II. ^ maV Ho$ ~ mh a A {J _ ADVANCES OUTSIDE INDIA
i) ~ H$m| g on m` am{e ` mDues from Banks
ii) A ` m| g on m` am{e ` m Dues from others
) H$` {H$` oJ E A ma ^ wZ m` oJ E {~ b a) Bills Purchased and discounted
|) g m_ y{h H$ F $U b) Syndicated loans
|) A ` c) Others
110 73 61
1230 02 53
2223 03 74
1287 37 57
24 27 00
795 88 09
1415 87 06
882 17 22
Hw$b TOTAL
4851 17 45 3118 19 37
Hw$b ` moJ GRAND TOTAL (I + II)
90323 59 95 75249 90 56
A Z wg yMr 9- A {J _ ( ` rii -)
SCHEDULE 9- ADVANCES (` In Thousands)
84
A Z wg yMr 11- A ` A mpV` m ( ` rii -)
SCHEDULE 11- OTHER ASSETS (` In Thousands)
{d d aU PARTICULARS
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I
II
III
IV
V
VI
Inter Offce Adjustment (net) n ii -ii (l)
n moX^ yV ` mO Interest Accrued
n XV A {J _ H$a / moV n a H$mQ>mJ ` mH$a (l)
Tax paid in advance/tax deducted at source (net)
b oI Z g m_ J r A ma Q>mn Stationery and Stamps
Xmd m| H$s g Vw{ >_ | n m H$s J ` r J a- ~ H$H$mar A mp V` m
Non-banking assets acquired in satisfaction of claims
A ` Others
173 23 28
603 65 08
492 12 60
14 00 50
21 48 14
1371 02 01
--
468 60 22
--
13 29 79
22 82 36
1011 56 76
Hw$b TOTAL 2675 51 61 1516 29 13
A Z wg yMr 10- A Mb A mpV` m ( ` rii -)
SCHEDULE 10- FIXED ASSETS (` In Thousands)
{d d aU PARTICULARS
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I
n [ ag a PREMISES
n yd d Vu d f Ho$ Vwb Z - n Ho$ A Z wg ma b mJ V / n wZ _ y` mH$Z _ y` n a
At cost/revaluation as per the last Balance Sheet
d f Ho$ XmamZ O moS>/ g _ m` moO Z Additions/Adjustments during the year
A VZ _ y` h mg Depreciation to date
1493 65 81
52 91 29
1546 57 10
--
1546 57 10
237 67 97
1489 85 15
3 80 66
1493 65 81
--
1493 65 81
201 92 75
Hw$b TOTAL
1308 89 13 1291 73 06
II
{Z _ mU mY rZ ^ d Z BUILDINGS UNDER CONSTRUCTION
5 26 79 55 30 98
III
A ` A Mb A mpV` m( \ $Z uMa A ma {\ $g Ma g {h V h )
OTHER FIXED ASSETS (including Furniture and Fixtures)
n yd d Vu d f Ho$ Vwb Z - n Ho$ A Z wg ma b mJ V n a At cost as per last Balance Sheet
d f Ho$ XmamZ O moS>/ g _ m` moO Z Additions/Adjustments during the year
A VZ _ y ` h mg Depreciation to date
858 78 51
153 25 82
1012 04 33
22 72 30
989 32 03
672 78 74
779 34 69
98 25 67
877 60 36
18 81 85
858 78 51
599 78 63
Hw$b TOTAL
316 53 29 258 99 88
Hw$b TOTAL (I+II+III)
1630 69 21 1606 03 92
85
A Z wg yMr 12- A mH$p_ H$ Xo` VmE ( ` rii -)
SCHEDULE 12- CONTINGENT LIABILITES (` In Thousands)
{d d aU PARTICULARS
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I
II
III
IV
V
VI
~ H$ Ho$ {d Xmd o{O h | F $U Ho$ $n _ | d rH$ma Z h t {H$` mJ ` mh
Claims against the bank not acknowledged as debts
A e Vg XV {Z d ooe m| Ho$ {b E Xo` VmLiability for partly paid investments
~ H$m` md m` Xm{d {Z _ ` g {d XmA m| Ho$ H$maU Xo` Vm
Liability on account of outstanding forward exchange contracts
g K Q>H$m| H$s A moa g oXr J Bn ` m^ yqV Guarantee given on behalf of constituents
$. ^ maV _ | a) In India
|. ^ maV Ho$ ~ mh a b) Outside India
d rH${V` m, n >mH$Z A ma A ` ~ m` VmE
Acceptance, Endorsements and other obligations
A ` _ X| {O Z Ho$ {b E ~ H$ A mH$p _ H$ $n g oCVaXm` r h
Other items for which the bank is contingently liable
126 97 76
17 67 58
33192 47 22
9244 93 04
132 63 67
4351 30 57
985 32 85
124 07 59
19 40 03
19506 31 28
9803 05 33
40 61 25
3777 69 67
626 20 18
Hw$b TOTAL
48051 32 69 33897 35 33
A Z wg yMr 13- A {O V ` mO ( ` rii - )
SCHEDULE 13- INTEREST EARNED (` In Thousands)
{d d aU PARTICULARS
31.03.2012 H$mog _ m d f
Year ended 31.03.2012
31.03.2011 H$mog _ m d f
I
II
III
IV
A {J _ m| / {~ b m|n a ` mO / ~ Q>Q>mInterest/Discount on Advances/Bills
{Z d oe m| n a A m` Income on Investments
^ maVr` [ aO d ~ H$ A ma A ` A Va ~ H$ {Z {Y ` m| Ho$ e of n a ` mO
Interest on balances with Reserve Bank of India and other Inter Bank funds
A ` Others
9423 86 94
2790 32 50
17 12 86
--
7097 60 54
2230 25 03
33 17 23
--
Hw$b TOTAL
12231 32 30 9361 02 80
{d d aU PARTICULARS
31.03.2012 H$mog _ m d f
31.03.2011 H$mog _ m d f
I.
II.
III
IV
V
VI
VII
H$_ re Z , {d {Z _ ` A ma Xb mb r Commission, Exchange and Brokerage
{Z d oe m| Ho$ {d H$` n a b m^ Proft on Sale of Investments
K Q>mE{Z d oe m| Ho$ {d H$` n a h m{Z Less: Loss on Sale of Investments
l /Net
{Z d oe m| Ho$ n wZ _ y ` mH$Z n a b m^ Proft on revaluation of Investments
K Q>mE{Z d oe m| Ho$ n wZ _ y ` mH$Z n a h m{Z Less: Loss on revaluation of Investments
l /Net
^ y{_ , ^ d Z m| A ma A ` A mp V` m| Ho$ {d H$` n a b m^ *
Proft on sale of land, buildings and other assets*
K Q>mE^ y{_ , ^ d Z m| A ma A ` A mp V` m| Ho$ {d H$` n a h m{Z *
Less: Loss on Sale of Land, Bldgs. & Other Assets*
l /Net
{d {Z _ ` g ` d h mam|| n a b m^ ({Zdb) Proft on exchange transactions (Net)
{d Xoe / ^ maV _ | Wm{n V A Z wf {J ` m| / H$n {Z ` m| A ma / ` mg ` wV C _ m| g ob m^ me A m{X
Ho$ $n _ | A {O V A m` Income earned by way of dividends, etc., from
Subsidiaries/Companies and/or Joint ventures abroad/in India
{d {d Y A m` Miscellaneous Income
268 53 26
114 09 15
6 81 78
107 27 37
--
--
--
1 10 79
1 44 86
- 34 07
173 79 78
11 56 09
671 33 61
335 53 37
153 06 70
4 64 08
148 42 62
--
--
--
1 59 41
49 79
1 09 62
147 21 73
8 34 02
541 27 49
Hw$b TOTAL
1232 16 04 1181 88 85
A Z wg yMr 14- A ` A m` ( ` rii -)
SCHEDULE 14- OTHER INCOME (` In Thousands)
* g o\ $, \ $Z uMa, d mh Z A ma _ e rZ ar g og ~ {Y V Y Z am{e Amount relates to Safe, Furniture, Vehicle and Machinery.
86
A Z wg yMr 15- ` ` {H$` mJ ` m` mO ( ` rii -)
SCHEDULE 15- INTEREST EXPENDED (` In Thousands)
{d d aU PARTICULARS
31.03.2012 H$mog _ m d f
31.03.2011 H$mog _ m d f
I
II
III
O _ mA m| n a ` mO Interest on deposits
^ maVr` [ aO d ~ H$ / A Va ~ H$ CY mam| n a ` mO
Interest on Reserve Bank of India/Inter Bank borrowings
A ` Others
7460 55 17
332 93 92
19 82 99
5133 22 13
175 54 34
16 15 11
Hw$b TOTAL
7813 32 08 5324 91 58
A Z wg yMr 16- n [ aMmb Z ` ` ( ` rii -)
SCHEDULE 16- OPERATING EXPENSES (` In Thousands)
{d d aU PARTICULARS
31.03.2012 H$mog _ m d f
31.03.2011 H$mog _ m d f
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
XII
H$_ Mm[ a` m| H$mo^ wJ VmZ A ma CZ Ho$ {b E n md Y mZ
Payments to and provisions for employees
{H$am` m, H$a A ma n H$me ` d WmRent, Taxes and Lighting
_ wXU A ma b oI Z g m_ J r Printing and Stationery
{d k mn Z A ma n Mma Advertisement and Publicity
~ H$ H$s g n pV n a _ y ` h mg * 31.03.12 31.03.11
Depreciation on Banks property * 1197195 1021599
K QmE: n wZ _ y ` mH$Z [ aO d g oA V[ aV
Less : Trfd from Revaluation Reserve 305273 305273
{Z Xoe H$m| H$s \ $sg , ^ VoA ma ` ` Directors fees, allowance and expenses
b oI mn arj H$m| H$s \ $sg A ma ` ` ( e mI mb oI mn arj H$m| g {h V)
Auditors fees and expenses(including branch auditors)
{d {Y n ^ ma Law Charges
S>mH$, Vma A ma Qo>b r\ $moZ A m{X Postage, Telegrams and Telephones
_ a_ V A ma A Z waj U Repairs and Maintenance
~ r_ mInsurance
A ` ` ` Other Expenditure
1483 96 24
156 77 25
21 71 85
9 60 71
89 19 22
59 45
17 17 59
9 39 93
14 02 06
52 43 74
100 07 74
232 03 96
1332 68 51
131 13 43
19 39 44
10 33 41
71 63 26
41 17
15 91 53
6 63 60
10 75 83
41 92 28
83 29 68
202 19 50
Hw$b TOTAL
2186 99 74 1926 31 64
* includes depreciation of `8.30 cr for previous year
* ls i l `s.so i i -~ri l--ln r,
87
88
1 - y s[ kkd j . k d h i j ai j k %
l-n| li lnril inn ii ii| ii ii -ii |
~i i i n r ni l in r nii iin| iiiii
i - iin - ln i lli iiii ,lni - r
nii l ii - l-in iiiii i - ii ni i i
- ln i lli iiii ,lni - r |
2 - y su n su f t u e sa f o n s' kh f o f u e ; ' kkf e y g Sa
iin - l n li i n -iln l i| lii l i| - i
i i iii, iin| | iii -ii (i; |i; ) ,ii i|
l n iii -i ( ) i li ni r |
2 - 1 - Hkkj r e sa f d , x , i f j p ky u ksa d s l ac a/ k e sa i f j o r Zu
. li| ll- i i iin| li| -i ii| i (i;)
,ii liln inilr in (~i) li
ni r|
z. li| -i il-ni nii i i | -iln i;
,ii liln i llnn li ni r|
s. li| -i - -~iln -|lni, -ii
,nii i nil-i i i; ,ii i | -iln
liln -i i llnn li ni r|
. l-n| i | -iln li| -i il-ni nii
l-i ln rii llni i, il-n
ri | li ii i ii -ii ini|
r. ii ii ll- lii i li-- i - li
ini r i i; | -i i - ~ li ini r i
lii-| ii i ii ril i - -ini | in| r |
2 - 2 - x Sj l e kd f y r f o n s' kh i f j p ky u ksa d s l ac a/ k e sa i f j o r Zu
l i| iiiii i n -iln l i| li -
n| n li ni r i l-n| lii i l-i i lln n
li ni r
. il-- nii i iil- n r , il-n nii i
i | -iln i; ,ii li ln -i i lln n
li ini r |
z. i i i; ,ii lin ln-ir| | -iln
liln ln-ir| in -i llnn li ini r|
s. l l ii l-i n, i| lii-| llni i ll-
ni i lli i- i iin - ln ii ini r |
3 - f u o s' k
s. li liin i iin| l liilii
i l-llin n| ni - n|n li ni r
lni l i n (-|-)
l| rn i ()
ii l i n (-|)
lni n i i ii ii in | n; lni lni
i **, p V h, e ** n nnn n|n li ni r| ~ li
- ~ ,i - ni i ii -i ii
v u ql wp h 1 7 & e q[ ; y s[ kkd j . k u hf r ; ka
ii ii in | n; lni lni i **, p , Q V h** n -
n|n li ni r| i| lni lni i n i i
ni - r| in| r , r , **, , Q , l ** n - n|n li
ni r|
s.z -| - n - i| n| lnilni | l| in ii i
r ii ril i - li ini r i i - | ilin|
i (i i l i illi ililni - nln | i
i| lin iili) - lliln li ini r nii ril, l
ri, i ii ril i - iiln li ini r
s.s iin - lii i -~i iin| l liilii
- l-ii li ini r
) **, p V h, e ** n - lniln i -~i | inn li
ini r li -i-i - ri ln -~ inn li
rin| ri, -i- -, ln -~ inn | | lini i
lni | ii li - liilin li ini
r| ilni,n n-i - lr -|- n -
iil- li ni r, lii -~ -, -ii;
ln ii l| ri | ri | n; r i
iii li ni r| ri i liii i ; l
iii - li rn n li ini r|
|) **, , Q , l ** n - lii i -~i, ii -~ , ln-ir|
ni l-i nii n|ii li ini r| l i;
l -~ri ri, ni iiril i - iil- li ini
r, l l| l -~l, ri | ii |
in| r| ii i ln i ln lnilni
r| -~ - i; ln r| li ini r|
|) **, p , Q V h** n - i| n; ln l-i i l ni
ii i ln li ini r| l -~ri, l i; ri,
ni ii ril i - i iii li ini r l l
-~l,, l i; ri, i r| li ini r| ; n -
ln lnilni r| -~ - i; ln r| rini r|
|) **, , Q , l ** , o a **, p , Q V h** ni - lnilni i -~i
l-n li ni r
(i) i | lnlni i -~i - i;-|
| ili ;li nii l- ;- -| -i-
ll- ili ;li (i;--|) ,ii ilin
-~i,i;-|- i li ini r|
(ii) i i i -iln lnilni i -~i
||i;,i;--| ,ii li| n; -n~
lni | i | lnilni ln zr l
i;- in r i;-|- ,ln i in n r li
ini r|
(iii) i- ri ;l-| ii i -~i ii -~ li ini
r| i- rii ;l-| ii i -~
(-~ l, l ri, i l li), | |n-
n (-~ | ni|i i r i ri),
iii -~iln li ini r| ii ii i -~i
ln | i i li ini r|
89
1. ACCOUNTING CONVENTION
Thefnancialstatementsarepreparedbyfollowingthe
going concern concept on historical cost convention
andconformtothestatutoryprovisionsandpractices
prevailing in India unless otherwise stated and in
respectofforeignbranchesasperstatutoryprovisions
andpracticesprevailingintherespectivecountries.
2. TRANSACTIONS INVOLVING FOREIGN EXCHANGE
Foreign Currency transactions of Indian operations
andnon-integralforeignoperationsareaccountedfor
asperAccountingStandard-11(AS-11)issuedbythe
InstituteofCharteredAccountantsofIndia(ICAI).
2.1 Translation in respect of Indian operations
1. Foreign exchange transactions are recorded
at the Weekly Average Rate (WAR) notifed by
Foreign Exchange Dealers Association of India
(FEDAI).
2. Foreign currency assets and liabilities are
translatedattheclosingratesnotifedbyFEDAI
attheyearend.
3. Acceptances, endorsements and other
obligations and guarantees in foreign currency
arecarriedattheclosingratesnotifedbyFEDAI
attheyearend.
4. Exchange differences arising on settlement
and translation of foreign currency assets and
liabilities at the end of the fnancial year are
recognizedasincomeorexpensesintheperiod
inwhichtheyarise.
5. Outstanding forward exchange contracts are
disclosed at the Contracted rates, and revalued
atFEDAIclosingrates,andtheresultanteffectis
recognizedintheProftandLossaccount.
2.2 Translation in respect of non-integral foreign
operations.
Foreignbranchesareclassifedasnon-integralforeign
operationsandthefnancialstatementsaretranslated
asfollows:
1. Assets and liabilities including contingent
liabilities are translated at the closing rates
notifedbyFEDAIattheyearend.
2. Income and expenses are translated at the
QuarterlyAverageClosingratenotifedbyFEDAI
attheendoftherespectivequarter.
3. All resulting exchange differences are
accumulated in a separate account Exchange
Fluctuation Fund till the disposal of the net
investments.
3. INVESTMENTS
3.1 The investment portfolio of the Bank is classifed
in accordance with the RBI guidelines into three
categoriesviz.,
HeldToMaturity(HTM)
AvailableForSale(AFS)
HeldForTrading(HFT)
SCHEDULE 17 - SIGNIFICANT ACCOUNTING POLICIES
The securities acquired with the intention to be held
till maturityareclassifed underHTM category.The
securitiesacquiredwiththeintentiontotradebytaking
advantage of shortterm price/interest movements
are classifed as HFT. All other securities which do
notfallunderanyofthetwocategoriesareclassifed
underAFScategory.
3.2 Proft on sale of securities under HTM category is
frst taken to Proft and Loss account and thereafter
appropriatedtoCapitalReserveaccount(netoftaxes
and amount required to be transferred to statutory
reserves) and loss, if any, charged to Proft & Loss
account.
3.3 InvestmentsinIndiaarevaluedinaccordancewithRBI
guidelines,asunder:
a) Securities in HTM category are valued at
acquisitioncostexceptwheretheacquisitioncost
ishigherthanthefacevalue,inwhichcase,such
excessofacquisitioncostoverthefacevalueis
amortisedovertheremainingperiodofmaturity.
Anydiminution,otherthantemporary,invalueof
investments in subsidiaries/joint ventureswhich
are included under HTM category is recognized
and provided. Such diminution is being
determined and provided for each investment
individually.
b) Investments in AFS category are marked to
market, scrip-wise and classifcation wise, at
quarterly intervals. Net depreciation, if any, is
providedforintheProftandLossaccountwhile
netappreciation,ifany,isignored.Thebookvalue
oftheindividualsecuritiesdoesnotundergoany
changeaftermarkingtomarket.
c) The individual scrips in the HFT category
are marked to market at daily intervals. Net
depreciation, if any, is provided for in the Proft
and Loss account while net appreciation, if any,
is ignored. The Book Value of the individual
securitiesinthiscategorydoesnotundergoany
change.
d) SecuritiesinAFSandHFTcategoriesarevalued
asunder:
i) Central Government Securities are valued at
prices/YieldToMaturity(YTM)ratesasannounced
by Primary Dealers Association of India (PDAI)
jointly with Fixed Income Money Market and
DerivativesAssociationofIndia(FIMMDA).
ii) StateGovernmentandOtherapprovedsecurities
arevaluedapplyingtheYTMmethodbymarking
up25basispointsabovetheyieldsoftheCentral
Government Securities of equivalent maturity
putoutbyPDAI/FIMMDAperiodically.
iii) Equity shares are valued at market price, if
quoted. Unquoted equity shares are valued at
break-up value (without considering revaluation
reserves if any) as per the companys latest
balance sheet (not more than one year prior to
thedateofvaluation).Otherwise,thesharesare
valuedat`1percompany.
90
(iv) i - ri li-i i i i - ~i i i - ~ li
ini r , ii - ln i; -|- i ii ii i - ~
iii lii ln - ~, i i - i i| - ri , li ini r |
(v) ln-i - r li nii ii ;n, i| li nii
ii i -~i i;-|- iii li ini r|
(vi) iii li, -i -ii i nii ilil inini i
-~i | ii inn li ini r|
(vii) i- ri - i | l-i i -~i ii -~
li ini r, ii i| -~ ii l il-n -~
(|) ii - i i| - ri, li ini r| l llii
i; li - r, ri i| -~ , ii i- i
r| ri ni, l-i i -~i | ii i; li
| -iln n inn li ini r|
s. li| iiiii ,ii l n lii i -~i lin ii -
ln ,ln i rini r|
s.r li nii ii i -~i l- i , -i so
li li l ii ri, iin| l ,ii liiln
li -ii i| r|
s.c lni lni | inn - i| , -|i , iii in
i -ir i i-i li ini r | lni lni i -
i | n| i| , -|i , --i i ~ i inn
-ii ini r |
s./ i -ii (rln) l i i | i|
i | nii iii | in| r i ii
i| ln-ir| nii ii i ln l in r|
ili ln -~ i i, n |
ni|i i| ii -in l i in,i i
-n, ili iii li ini| ; rii|
l i; rili ri ni l i iii li ni r,
l ii l ri, ni i r| li ini r| i
li | -iln ii ii rili i i-ilnn li
ini r i i| | i| li-- li ii
lll- il-n ii ni | ii li ii - i i| -
ri, lri - li ini|
s.s ll- - ii l i i l i| ll- - ii n
- i i ll- lii ln - ~i - ~i ln l in r i
liil-n ii i ril i ii ril ii - ii i ini r |
s.s i | ni -| ,ii -li n l i rii l ln r , i
ni| n li il-n (|) -ii ini ni -|
i ir i i | ni -| i -|i n| r|
s.o i i ,ii ni-|n lnilni - li, i -iln
ln-i | ln ii lrn i li -ii i
il-n n|i i iii|i li ini r, i,
-i | l-n (lni ilni lrn) ii i
i; ili i so li li n inni r| rini r|
4 - v kf L r i qu u e kZ. k d ai f u ; ksa d ks c sp h x b Z f o Rr h; v kf L r ; ka
. il-n l -i i -li ,ii, r | n; l-i| il-ni
-i - , i| | n; lni ln |i , lni ln |
ln - ~ i l-n| il-ni l r| - ~, - -n
- ~i ln l in r | lni ln | i l-l-n l -i i
| ,ii n li ii lin l l l-n - ~
- ~i ln l in r i - ~r i i ; ri ni , l
iii li ini r i - ~ l, ri ni i r| li ini r |
.z l-l-n l-ii | l| l n l-n| il-ni
ii - l -|, ii ril ii - ii; in| r|
5 - v f x ze
r.. iin| l ,ii i| li -ii
i iin - ln-i i iini iii -i,
-i, li i ril il-ni - n|n li ni r|
r.z nli ln-i l l- i iii l in
r
) -i n zr lnin ii -in| i n
-in|
|) li n .
i) oo lnin -in| i n -in| l i o.o/.zo
n r n|n i , i i|, ri
ii) zr lnin -in| n|n i , i so.oc.zo r
i|,
iii) oo n -in| iin
|) li n z
i) oo lnin -in| i n -in| l i o.o/.zo
n r n|n i , i i|, ri
ii) o lnin -in| n|n i , i so.oc.zo r
i|,
iii) oo n -in| iin
|) li n s i ril ln- oo lnin
r.s iin| l lii i -i ln-i l
nl-n -i ln- lrn i-i iii li ini r|
r.. li| iiiii i - iliii, il-n n|i
nii ~i rili l iii -ii| inii ii
iin| l li -ii - i i| li n
ri, i l in r|
r.r - l n ln-, nliln il-ni, |i;|||,
;|||,||-|i; in nii -ii rn ln i
n ii, lli iin - in i i| n; ilni, riilnni
-iii ii n l-i| li l l n
iiii i -i il-ni - n|n nl-n iini
ln -~ - li-in iii i l r|
6 - v p y v kf L r ; k @ e wY ; g zkl
c. l nii il-ni i lri | inn
inn i -~iln ili iii nii ni r|
c.z. iin - i (ri r| n r| | i n| r , n
r| | n;, -| | inn lrn) nii il-ni
(c.s c.r - ni; n; -i i si) -~ri i iii
| lil- src | | XIV - lll- i i
|i| ii ,ln i -~iln il-ni -i- -
,ii liiln i li- | ii| li ni
r| -~iln i- lin -~ri i -~ l
l, iiln li ni r|
91
iv) Preference shares are valued at market price,
if quoted; otherwise at lower of the value
determinedbasedontheappropriateYTMrates
orredemptionvalue.
v) All debentures/bonds, other than those which
areinthenatureofadvances,arevaluedonthe
YTMbasis.
vi) Treasury bills, Certifcate of deposits and
Commercialpapersarevaluedatcarryingcost.
vii) UnitsofMutualFundsarevaluedatmarketprice,
ifquoted;otherwiseatlowerofrepurchaseprice
orNetAssetValue(NAV).Incaseoffundswitha
lock-in period, where repurchase price / market
quote is not available, units are valued at NAV,
else valued at cost till the end of the lock-in
period.
3.4 InvestmentsbyForeignBranchesarevaluedasperthe
practiceprevailingintherespectivecountries.
3.5 DebenturesandBonds,whereinterest/principalisin
arrearsformorethan90daysaresubjecttoprudential
normsprescribedbyRBI.
3.6 Brokerages / Commission / incentive received on
subscriptionsaredeductedfromthecostofsecurities.
Brokerage / Commission / Stamp duty paid in
connectionwithacquisitionofsecuritiesaretreatedas
revenueexpenses.
3.7 Interest Rate Swap transactions for hedging are
accountedonaccrualbasisandtransactionsfortrading
aremarkedtomarketatquarterlyintervals.Thefair
value of the total swaps is computed on the basis of
theamountthatwouldbereceived/receivableorpaid/
payableonterminationoftheswapagreementsason
thebalancesheetdate.Lossesarisingtherefrom,ifany,
arefullyprovidedfor,whiletheproft,ifany,isignored.
Gainsorlossonterminationofswapsisdeferredand
recognised over the shorter period of the remaining
contractuallifeoftheswaportheremaininglifeofthe
designatedassetorliability.
3.8 ExchangetradedFXDerivativesi.e.,CurrencyFutures,
arevaluedattheExchangedeterminedpricesandthe
resultantgainsandlossesarerecognizedintheProft
andLossaccount.
3.9 Investments backed by guarantee of the Central
Government though overdue are treated as Non
Performing Asset (NPA) only when the Government
repudiatesitsguaranteewheninvoked.
3.10 InvestmentinStateGovernmentguaranteedsecurities,
includingthoseinthenatureofdeemedadvances,are
subjected to asset classifcation and provisioning as
perprudentialnormsifinterest/instalmentofprincipal
(includingmaturityproceeds)oranyotheramountdue
totheBankremainsunpaidformorethan90days.
4. FINANCIAL ASSETS SOLD TO ASSET RECOVERY
COMPANIES
4.1 Security Receipts (SR) issued by ARCs in respect of
fnancialassetssoldtothemisrecognizedatlowerof
redemptionvalueofSRsandNetBookValueoffnancial
assets.SRsarevaluedatNetAssetValuedeclaredby
ARCs on the Balance Sheet date and depreciation, if
any,isprovidedforandappreciationisignored.
4.2 The net-shortfall, if any, arising on sale of fnancial
assetstoARCsischargedtoProft&LossAccount.
5. ADVANCES
5.1 In accordance with the prudential norms issued by
RBI,advancesinIndiaareclassifedintostandard,sub-
standard,doubtfulandlossassets,borrower-wise.
5.2 Provisionsaremadefornonperformingadvancesas
under:
a) Substandard category 25 % both secured and
unsecuredcategory.
b) Doubtfulcategory-1:
i) 100%forsecuredandunsecuredclassifedand/
orcategorizedbefore01.07.2011.
ii) 25 % for secured classifed and / or categorized
after30.06.2011.
iii) 100%forUnsecuredportion.
c) DoubtfulCategory2:
i) 100%forsecuredandunsecuredclassifedand/
orcategorizedbefore01.07.2011.
ii) 40 % for secured classifed and / or categorized
after30.06.2011.
iii) 100%forUnsecuredportion.
d) Doubtfulcategory-3andLossadvances100%.
5.3 Provision is made for standard advances including
restructuredstandardadvancesasperRBIdirectives.
5.4 In respect of foreign branches, income recognition,
assetclassifcationandprovisioningforloanlossesare
madeasperlocalrequirementorasperRBIprudential
norms,whicheverismorestringent.
5.5 Advances disclosed are net of provisions made for
non-performingassets,DICGC/ECGC/CGTMSEclaims
received and held pending adjustment, repayments
received and kept in sundries account, participation
certifcates, usance bills rediscounted and provision
in lieu of diminution in the fair value of restructured
accountsclassifedasstandardassets.
6. FIXED ASSETS / DEPRECIATION
6.1 Premisesandotherfxedassetsarestatedathistorical
cost and at revalued amount in respect of assets
revalued.
6.2 Depreciation on buildings (including cost of land
whereverinseparable/notsegregated)andotherfxed
assets(excludingitemsreferredin6.3to6.5)inIndia
is provided for on the straight-line method at rates
specifedinScheduleXIVtotheCompaniesAct,1956
and at the Bank determined rates based on Residual
Life in the case of Revalued Assets. Depreciation
relatable to revalued component is charged against
revaluationreserve.
92
c.s -i (ri i -) lii lnn iln
iili -~ri | nii |i| ii ,ln (-)
ss.ss lnin lni | | in| r|
c. -i - i - ~r i | , |i| ii ,ln zo lnin r |
c.r i| i i .r,ooo, n i -~i| -i,
oo lnin -~ri i iii li ini r|
c.c so ln i i r ln -ii| il-ni -~ri,
liiln i oo lnin i i ln il-ni
l ro lnin iiln li ini r|
c./ --i| il- |l--, i - |n li ini r
i -- | li liilin li ini r|
c.s li| iiiii | il-ni i - -~ri |
-ii ii - ln ,lni i | in| r|
c.s nln il-ni (|) i - i; -~ri iiln
r| li ini r|
7 - j kt L o i g p ku
/. i i i, n ii r| ri i, i-in
| iii lri - li ini r|
/.z nli il-ni, i ,ii ni-|n il-ni (i so
li ii ln r), iiii i, |-i i, i| l
n iii , nil-i -|i (lii l-n ;n)
i| n li lnln i , ln ii, i
lii, l-n| ii il i | | ri lri -
li ni r|
/.s ln li| li -i- -, i i iii i
iin| li| -i ii| i (i;) liilii i
l--i;i | ni|i n -ii ni r|
8 - sf M V d kM Z i qj L d kj I o kb aV
i lii in i -i ,ii ln -i i;-i i
r| ; i in ii - rii ini r|
9 - f u o y y kHk @ g kf u
ii ril i - iii ni lii- l-llin li
in r
n li ln-i i , ii lii l iii
-i ln-i i-i iii
ln ln-i rn iii
il-ni -~ri l iii
lii -~ri l iii
il--ni lli i , ni
-i i l iii
i-i ii , i i iii
1 0 + L V kQ d ks l so kf u o `f Rr i j i zkI r g ksu s o ky s y kHk
o. i lli nl- lli - ili iii i liii
iii li ini r
i) |-il -~i iii
ii) li| iiiii i - ri -ii| ii i
li ini r|
o.z --i -i l s--| | ii; i ii, |-il iii
lri - li ni r|
o.s -i| ii lin -ili ni i liii
-~i iii li ini r i;|i;
,ii i| iilin iii -i r () -i| iii
i - i ii | li - -- iin - ii ini r|
o. ln-i -ili l i i l~ i i
i - liiln ni i iin| l liilii
i i ii | li - -i liilin li ini
r|
1 1 - v kd f L e d n s; r k, a v kSj i zko / kku
. il-- ni r l n liii i l n-i
- ii ini ri n| r, l- iii - il-- ni
- ri l in r, ri
() | inii i l-n- l-n r| li ini r|
(|) | inii l-i l iii i ir| ir lin
r| r|
(|) inii | ili i l| i r| li i
ni r|
(|) | ilii iiln r| r|
1 2 - v kf L r ; ksa e sa g kf u
() n-i inii -i- - ri l| i l i
n r i , i ri r~ ii i si inii i
l-i l ili iii i -in n r iii
ir| ir | iii r|
1 3 - v k; i j d j
s. n-i i-ilnn , ii l i iii li
ini r|
93
6.3 Depreciation on computers (hardware and software)
and Uninterrupted Power Supply Systems (UPS) is
providedattherateof33.33%perannumonStraight
LineMethod(SLM).
6.4 The rate of depreciation on motor car is 20 % on
straightlinemethod.
6.5 100%depreciationisprovidedonallcellphonesand
onsmallvalueitemscostinguptoRs.5000/-.
6.6 Depreciation on fxed assets acquired on or before
30thSeptemberischargedat100%oftheprescribed
ratesandat50%oftheprescribedratesonthefxed
assetsacquiredthereafter.
6.7 Premiumonleaseholdlandiscapitalisedintheyearof
acquisitionandamortizedovertheperiodoflease.
6.8 Depreciation in respect of fxed assets at foreign
branchesisprovidedasperthepracticeprevailingin
therespectivecountries.
6.9 In respect of Non Banking Assets, no depreciation is
charged.
7 REVENUE RECOGNITION
7.1 Incomeandexpenditurearegenerallyaccountedforon
accrualbasis,unlessotherwisestated.
7.2 Income from non-performing assets, Central
Government guaranteed assets (where it is overdue
beyond 90 days), dividend income, insurance claims,
commissiononlettersofcredit/guaranteesissued(other
than those relating to project fnance), income from
bancassurance products, additional interest / overdue
chargesonbillspurchased,lockerrent,fnancecharges
oncreditcards,incomeonBanksrighttorecompense,
etc.,areaccountedforonrealisation.
7.3 In case of overdue foreign bills, interest and other
chargesarerecognisedtillthedateofcrystallisationas
perFEDAIguidelines.
8. CREDIT CARD REWARD POINTS:
Rewardpointsearnedbycardmembersonuseofcard
facilityisrecognizedasexpenditureonsuchuse.
9. NET PROFIT / LOSS
The result disclosed in the Proft and Loss Account is
afterconsidering:
Provision for Non Performing Advances and / or
Investments
GeneralprovisiononStandardAdvances
ProvisionforRestructuredAdvances
ProvisionforDepreciationonFixedAssets
ProvisionforDepreciationonInvestments
Transferto/fromContingencyFund
Provisionfordirecttaxes
Usualor/andothernecessaryprovisions
10. STAFF RETIREMENT BENEFITS
10.1 AnnualcontributionstoPensionFundandGratuityFund
aredeterminedandprovidedfor:
onthebasisofactuarialvaluation
asperthelocallawsinrespectofforeignbranches
10.2 Leaveencashmentbeneftforemployeesisaccounted
foronactuarialbasis.
10.3 Transitional liability relating to employee benefts
determined as per actuarial valuation is written
offoveraperiodoffveyearsintermsofRevised
AccountingStandard15(AS-15)-EmployeeBenefts,
issuedbyICAI.
10.4 Liability determined in respect of pension (second
option)forexistingemployeesandgratuityisamortised
equallyoveraperiodoffveyearsinaccordancewith
RBIGuidelines.
11. CONTINGENT LIABILITIES AND PROVISIONS
11.1 Contingent liability : Past events leading to, possible
or present obligations are recognised as contingent
liabilityinthefollowinginstanceswhere:
(a) The existence of such obligations has not been
confrmed
(b) no outfow of resources are required to settle
suchobligations
(c) areliableestimateoftheamountoftheobligations
cannotbemade
(d) suchamountsarenotmaterial
11.2 (a) Provision is recognized in case of present
obligations where a reliable estimate can be
made and/or where there are probable outfow
of resources embodying foregoing of economic
benefts to settle the obligations, excluding
frivolousclaims.
(b) ProvisionforMarketRisk,CountryRisk,etc.,are
madeintermsofextantinstructionsofRBI.
(c) Floating provision as identifed by the Bank
Managementisprovidedfor.
12. IMPAIRMENT OF ASSETS
Impairment losses if any, are recognised in
accordancewiththeAccountingStandard(AS)-28
issuedinthisregardbytheICAI.
13. TAXES ON INCOME
13.1 Provision for tax is made for both Current Tax and
DeferredTax.
94
s.z n-i i -i, iliili i i | ii| -ilin
ili i in i ii il
i,lli i i in n r li ini r|
s.s - - n ii - rii| i-ilnn il-ni
ni il ii| lii - l | i-ni in| ri,
| ri, n | lnli n ni ii i - ni
i l-i i in n r | in| r| i-ilnn
il-ni | ri n n r| | in| n
llnni r| ri in| l in il i i i
rin| l | i-ilnn il-ni nir| in||
WmZ Place , Chennai
VmarI Date:11.05.2012
-| - i| i| ~li | i -i i l
Chairman&ManagingDirector ExecutiveDirector ExecutiveDirector GeneralManager
li DIRECTORS:
n i- n | | n ~ii- |
CharteredAccountants CharteredAccountants CharteredAccountants
|i RegistrationNo.000571S |i RegistrationNo.004283S |i RegistrationNo.001676S
--ili- i -ri -i-i
(M.No.14309) (MNo.24775) (M.No.023962)
|i RegistrationNo.000608N |i RegistrationNo.315104E |i RegistrationNo.002585N
| ii l nii i . ni
g mP oXma g mP oXma | |
(M.No.085542) (MNo.87939) (MNo.081492)
95
13.2 Current tax is measured at the amount expected
to be paid to the taxation authorities, using the
applicable tax rates, tax laws and favourable judicial
pronouncements/legalopinion.
13.3 DeferredTaxAssetsandLiabilitiesarisingonaccount
of timing differences and which are capable of
reversal in subsequent periods are recognised using
the tax rates and tax laws that have been enacted
or substantively enacted till the date of the Balance
Sheet.DeferredTaxAssetsarenotrecognisedunless
thereisvirtualcertaintythatsuffcientfuturetaxable
incomewillbeavailableagainstwhichsuchdeferred
taxassetswillberealised.
WmZ Place , Chennai
-| - i| i| ~li | i -i i l
li DIRECTORS:
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No.14309) (MNo.24775) (M.No.023962)
| ii l nii i . ni
(M.No.085542) (MNo.87939) (MNo.081492)
96
v u ql wp h 1 8 & y s[ kksa i j f V I i f . k; k
1 - i wt h
e n sa 31.03.2012
31.03.2011
i) |ii (%)* 12.67 12.83
ii) |ii l- I | (%)* 10.47 10.43
iii) |ii l- II | (%)* 2.20 2.40
iv) iin i iiii i lnin 80.00 80.00
v) l- II | - lin nii ~i | ili ' kwU; ' kwU; a
vi) i;||i; i|i in ili ' kwU; ' kwU;
vii) i l- IIlini i|i in ili ` i ' kwU; 500.00
viii) l- IIlini i|i in ili ` i ' kwU; 500.00
*s.os.zoz n | | inni in II -ii i s./ lnin r i I -ii i z.c/ lnin r| ( iin|
l liilii i, I i II -ii nnn iln n- |ii i ,ii |ii -
lili ii ilr)
2 - f u o s k
z. iin| l liilii i, i| li liin i n| ni - i-i ni r| s.os.zoz i r n|i l-
i r (` i -)
o x hZd j . k
31-03-2012 31-03-2011
j kf k i zf r kr j kf k i zf r kr
lni n i n -| -
25479.89* 69.35 21539.69 63.35
l| l i
11083.08 30.17 12460.59 36.65
ii l i n -|
178.06 0.48 0.00 0.00
in
36741.03 100.00 34000.28 100.00
*l -in i ili nii lnin - i| -|- lnilni zr lnin lin- ll- -n l, z.sc lnin r|
2 - 2 f u o s k (` i -)
e n sa 2011-12 2010-11
() lii i -~

(i) lii i -~

() iin -
36741.03 34000.28
(i) iin ir
1466.76 969.92
(ii) -~ri l iii
() iin -
231.76 186.44
(i) iin ir
---- --
(iii) lii i l -~
() iin -
36509.27 33813.84
(i) iin ir
1466.76 969.92
(z) lii -~ri l i n iiii - iin-
(i) iii
158.45 275.63
(ii) i i ii l n iii
132.35 56.85

290.80 332.48
(iii) i-i i ii lnln iiii i i i
77.19 174.03
(iv) ii
213.61 158.45
(v) i | ,ii iiln lniln |i l || li ni iii
* 18.15 27.99
(vi) lnii
231.76 186.44
*ls i - ll-n l-ii | nln r iini i - lii-- lin lniln |i l iiln iii ` s.s
i - li ni r|
97
SCHEDULE 18 - NOTES ON ACCOUNTS
1. CAPITAL
Items 31.03.2012 31.03.2011
i)CRAR(%)* 12.67 12.83
ii)CRAR-TierICapital(%)* 10.47 10.43
iii)CRAR-TierIICapital(%)* 2.20 2.40
iv)PercentageofShareholdingoftheGovernmentofIndia 80.00 80.00
v)AmountofsubordinateddebtraisedasTier-IIcapital NIL NIL
vi)AmountraisedbyissueofIPDI NIL NIL
vii)AmountraisedbyissueofLowerTierIIInstruments`Crore NIL 500.00
viii)AmountraisedbyissueofUpperTierIIInstruments`Crore NIL 500.00
*TheCapitalAdequacyRatiooftheBankasat31.03.2012asperBaselIINormsisat13.47%andasperBaselI
Normsat12.67%.(AspertheRBIguidelines,theleastoftheCRARcomputedunderBaselIandBaselIINormshas
tobereportedasCRARrecordedbytheBank).
2. INVESTMENTS
2.1. In accordance with the RBI guidelines, the Banks domestic investment portfolio has been classifed into three
categories.Thefguresasat31.03.12isgivenhereunder: (ìncrore)
Classifcation 31/03/2012 31/03/2011
Amount % Amount %
HeldToMaturity-HTM 25479.89* 69.35 21539.69 63.35
AvailableforSaleAFS 11083.08 30.17 12460.59 36.65
HeldforTradingHFT 178.06 0.48 0.00 0.00
GrossTotal 36741.03 100.00 34000.28 100.00
*Domestic HTM securities as a percentage of Net Demand and Time Liabilities works out to 24.36% against a
stipulatedmaximumlevelof25%.
2.2. Investments (ìncrore)
Items 2011-12 2010-11
(1)ValueofInvestments
(i)Grossvalueofinvestments
(a)InIndia 36741.03 34000.28
(b)OutsideIndia 1466.76 969.92
(ii)ProvisionforDepreciation
(a)InIndia 231.76 186.44
(b)OutsideIndia ---- ----
(iii)NetvalueofInvestments
(a)InIndia 36509.27 33813.84
(b)OutsideIndia 1466.76 969.92
(2)Movementofprovisionheldtowardsdepreciationoninvestments
(i)OpeningBalance 158.45 275.63
(ii)Add:Provisionmadeduringtheyear 132.35 56.85
Sub Total 290.80 332.48
(iii)Less:Writebackofexcessprovisionduringtheyear 77.19 174.03
(iv)Balance 213.61 158.45
(v)ProvisionheldforstatingSecurityReceiptsissuedbyARCsatNBV *18.15 27.99
(vi)ClosingBalance 231.76 186.44
*ConsequenttotherevertingofnoteligibleaccountstransferredtoARCsintheearlieryear,theProvisionheld
forStatingSecurityReceiptsisreducedbyRs9.84crore.
98
2 - 2 - 1 e kd sZV j si ks y su n su v af d r e wY ; ksa e sa (` i -)
y su n su d k d kj l e kI r o " kZ d s n kSj ku
U; wu r e c d k; k
l e kI r o " kZ d s n kSj ku
v f kd r e c d k; k
l e kI r o " kZ d s n kSj ku
n Sf u d v kSl r
d ks
2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 31/03/12 31/03/11
i nrn | n;
lnilni
i. i|
lnilni
ii. ii-
~i lnilni
0.00
0.00
0.00
0.00
679.25
0.00
537.99
0.00
43.24
0.00
90.21
0.00
320.02
0.00
0.00
0.00
l i nrn
i|| n; lnilni
i. i|
lnilni
ii. ii- ~i
lnilni
0.00
0.00
0.00
0.00
95.86
0.00
101.00
0.00
0.53
0.00
3.92
0.00
95.86
0.00
0.00
0.00
i f n u kad 3 1 - 0 3 - 2 0 1 2 d ks x Sj & , l , y v kj f u o s' kksa i j t kj hd r kZ l aj p u k
l a- t kj hd r kZ j kf ' k
f u t h v kc aV u d h
l he k
f u o s' k L r j l s
f u Eu o x Z d h
i zf r Hkwf r ; ksa d h
l he k
n j f u / kkZj . k
u d h x b Z
i zf r Hkwf r ; ksa d h
l he k
l wp hc ) u d h
x b Z i zf r Hkwf r ; ksa
d h l he k
(1) (2) (3) (4) (5) (6) (7)
1
il i -
436.55 283.87 0.00 0.00 0.00
2
l-n| -ii
401.98 351.25 0.00 0.00 31.85
3
5325.60 5254.66 0.00 0.00 0.00

4
l| li
652.22 504.81 0.00 0.00 3.22
5
iiln , n n-
141.07 141.07 0.00 0.00 62.20
6
21.07 18.06 0.00 0.00 1.00

7
-~ri ln iiln iii 212.15 xx Xx Xx xx
d qy
6766.34 6553.72 0.00 0.00 98.27
( ii) x Sj f u " i kn d x Sj & , l , y v kj f u o s' k (` i -)
f o o j . k
2011-12 2010-11
i ii
0.51 0.15
i ii i
0.00 0.51
i ii -in|
0.00 0.15
n ii
0.00 0.51
iiln iii
0.51 0.51
3 - O; qRi Uu
3 - 1 o k; n k n j d j kj @ C; kt n j L o Si v kb Zv kj , l
n il-ni - iiln iln | iii- l, lni iiii , i i| lin, - li li| - l
i-il - |-n lni i z.oo l-l (s.o i ) ii| ii i| l-iln, i | -ii| in , -ii| i
inni | i||
99
2.2.1 Market REPO Transactions (in face value terms):
(ìncrore)
Type
Minimum outstanding
during the year ended
Maximum outstanding
during the year ended
Daily average
outstanding during
the year ended
As on
2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 31/03/12 31/03/11
Securitiessold
underrepos
i.Government
securities
ii.Corporatedebt
securities
0.00
0.00
0.00
0.00
679.25
0.00
537.99
0.00
43.24
0.00
90.21
0.00
320.02
0.00
0.00
0.00
Securities
purchasedunder
reverserepos
i.Government
securities
ii.Corporatedebt
securities
0.00
0.00
0.00
0.00
95.86
0.00
101.00
0.00
0.53
0.00
3.92
0.00
95.86
0.00
0.00
0.00
2.2.2 NON-SLR INVESTMENT PORTFOLIO
i) Issuer Composition of Non SLR Investments as at 31.03.2012
(ìncrore)
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)
1 PSU 436.55 283.87 0.00 0.00 0.00
2 FIs 401.98 351.25 0.00 0.00 31.85
3 Banks 5325.60 5254.66 0.00 0.00 0.00
4 PrivateCompanies 652.22 504.81 0.00 0.00 3.22
5 Subsidiaries/JointVentures 141.07 141.07 0.00 0.00 62.20
6 Others 21.07 18.06 0.00 0.00 1.00
7 Provisionheldtowards
depreciation
212.15 xx xx xx xx
Total 6766.34 6553.72 0.00 0.00 98.27
ii) Non Performing Non-SLR Investments (ìncrore)
Particulars 2011-12 2010-11
OpeningBalance 0.51 0.15
Additionsduringtheyear 0.00 0.51
Reductionduringtheyear 0.00 0.15
ClosingBalance 0.00 0.51
TotalProvisionsheld 0.51 0.51
3. DERIVATIVES
3.1 Forward Rate Agreements / Interest Rate Swaps (IRS)
SingaporebranchenteredintoDerivativescontractsofthenatureofInterestRateSwaps(IRS)tohedgeonbalance
sheet assets. The notional principal value of Swaps was SGD 2.00 Mio (`8.10 Crore). IRS was undertaken for
hedging purposes. The outstanding swap position was to receive foating rate of interest and pay fxed rate of
interest.
100
(` i -)
e n sa 31.03.2012 31.03.2011
. i| i i -iln -i 8.10 43.48
z. i nnn | inii i i - l li| ii ni r | ii|
rili ' kwU; ' kwU;
s. - i i i il lniln ' kwU; ' kwU;
. - i - ili-i i i 0.04 0.25
r. - r| i ln -~ ' kwU; d qN u g ha
|ii i ii i; ii i r| li r|
3 - 2 f o f u e ; O; ki kj f d , x , C; kt n j O; qRi Uu %
|ii i ii llii l n i - l i; i r| li r|
3 - 3 O; qRi Uu ksa e sa _ . k t ksf [ ke %
3 - 3 - 1 x q. kkRe d i zd V hd j . k
i;i i in n r il-ni nii nii | lnii ri r| iii rln i i lri - li ini r|
- i i -ii| il-n , ni | lnii n r, r | n; il-n i ni - lri - li ini r| ii - li
ii i -i l n iii r|
ni-| - | i liilii iii i| - l n r| i i -in r i in inl
-i i li iili i r| (i) ii (|ln) (ii) il (-nini, lni| i li) nii (iii) iii ii |
-- ii| ii i r|
- -i i - , -i i i(|) i ii;- ; - (ii;) - -il-- ri r| ; i - | nlnllii
i ,ii -iln - -i i| |ln i| l in r|
llii - l i i li| ll- - -i iin -i i i, llii liiln -~i -~iln l in r
i lii-- l- i ii ii-i, ii ril iin - ii in r|
ii; - - ii ril, | lni i -iln, i i| ri, ii ril iin - ii| in| r| ii ii;
-~i i lln l, i i| i r| -~, n li i| | -iln i i ili,
iii li ini r| ; r; ril l i iii li ini r i ii | n ri ni, ii | in| r|
e k= kRe d i zd V hd j . k
O; qRi Uu c kt kj e sa c Sad d s f u Eu f y f [ kr m Ri kn g Sa %&
- ii - l-llin -i r
. ii;- ; -
. -i i i
s -i zo i ii ii; ` ro i i| l li s -i zoz n (ls i i) -i i i nnn i lin
l-ilni ii r| i| | (ls i i)
3 - 3 - 2 - e k= kRe d i zd V hd j . k (` i -)
e l a- f o o j . k C; kt n j O; qRi Uu
2011-12 2010-11
1 - (i~l - -)
) lnii l 8.10 43.48
|i) ii l 0.00 0.00
2 ii | l-ilni ln- ()
) il-n () 0.00 0.00
|) ni () 0.08 0.48
3 ~i ili- (z) 0.04 0.25
101
(ìncrore)
Items 31.03.2012 31.03.2011
i) ThenotionalPrincipalofSwapagreement 8.10 43.48
ii) Losseswhichwouldbeincurredifcounterpartiesfailedtofulflltheirobligations
undertheagreement NIL NIL
iii) Collateralrequiredbybankuponenteringintoswaps NIL NIL
iv) ConcentrationofCreditRiskarisingfromtheswaps 0.04 0.25
v) Thefairvalueofswapbook NIL NIL
ThebankhasnotenteredintoanyForwardRateAgreementduringtheyearunderreview.
3.2 Exchange Traded Interest Rate Derivatives
Thebankhasnotcontractedanyexchangetradedinterestderivativesduringtheyearunderreview.
3.3 Risk Exposure in Derivatives
3.3.1 Qualitative Disclosures
BankhasbeendoinghedgingofassetaswellasliabilityusingIRS.Thehedgingtransactionshavebeenaccounted
onanaccrualbasis.Swaps,whichhedgeinterestbearingasset/liability,areaccountedforastheassetorliability
hedged.Valuationofoutstandingswapcontractsisonmarkedtomarketbasis.
AllswapdealshavebeenundertakenbasedontheguidelinesofInternationalSwapsDealersAssociation.Bank
hasadequatecontrolsystemsandalsointernalapprovalspriortoconcludingtransactions.Thereexistsaclear
functional segregation between (i) trading (Dealing) (ii) back offce (settlement, monitoring and control) and (iii)
accountingsections.
In the derivatives segment, the bank is doing proprietary trading in Currency Futures (CF) and Overnight Index
Swaps(OIS).TheactivitiesinthissegmentaregovernedbytheDerivativesPolicyapprovedbytheBanksBoard.
Exchange traded FX Derivatives i.e. Currency Futures, are valued at the Exchange determined prices and the
resultantgainsandlossesarerecognizedintheProftandLossaccount.
ThegainorlossinOIStransactionsisbookedintheProftandLossaccountonthematurityorunwindingofthe
dealwhicheverisearlier.ForthepurposeofvaluationofoutstandingOISdeals,thefairvalueofthetotalswapis
computedonthebasisoftheamountthatwouldbereceivableorpayableonterminationoftheswapasonthe
balancesheetdate.Lossesarisingtherefrom,ifany,arefullyprovidedforwhiletheprofts,ifany,areignored.
Quantitative Disclosures
TheBankisactiveinthefollowingproductsunderderivatives.
OvernightIndexSwaps
CurrencyFutures
The outstanding OIS position as on 31
st
March 2012 was ` 150 crore while no naked positions under Currency
Futureswasoutstandingason31
st
March2012(previousyear-Nil).
3.3.2 Quantitative Disclosures: (ìncrore)
Sl.No. Particulars Interest Rate Derivatives
2011-12 2010-11
1 Derivatives(NotionalPrincipalAmount)
a)Forhedging 8.10 43.48
b)Fortrading 0.00 0.00
2 MarkedtoMarketPositions(1)
a)Asset(+) 0.00 0.00
b)Liability(-) 0.08 0.48
3 CreditExposure(2) 0.04 0.25
102
4 i - lnin i i ii ii (oo* || o)
) lnii - 0.09 1.20
|) ii - 0.00 0.00
5 i ii i n oo *|| o i lin lin- i n-
) lnii
lin- 0.10 1.20
n- 0.08 0.53
|) ii
linin r| in r|
n- in r| in r|
s.. -|- n lni lni | l| ii in ii i `. s.sz i i (nn i ` z.sc i ) iiril i - li ni i n-in .cs
i (ls i ` .s i ) | ili | ilin lli l lli ln li ni ( i- i l i i lli ilin lli - ni
l lin lli)|
s..z i i i l| l i n - i| r ; | i| lni lni (i) iin i inn , r| - ~ , i i - ~ i
i| - ri -|- n - nln li nil lli- liil ii i i li i | ` zo/.zs i (nn i ` ssz.or i )
| lni lni ni ii `.//.s (nn i `./c.zs i ) i - ~ri r i| s -i zo i |i i; lni lni - i s.ss
i - ~ri iii i i n li ni nii ln ii ss.so i | ili i ii ril i - i- ii ni|
s..s -|- n - n|n lnilni -i- - l | inn ln -~ li r, ni lni l ii li - |l-- i
liilin li ini| l-n| i zoz - `.s./s i | ili i (nn i - `.s.ss i) liilin li i i r nii ;
lii i nnn -in| - iii ni r|
4 - v kf L r x q. ko Rr k
4 - 1 - 1 x Sj & f u " i kn d v kf L r ; k (`- i -)
e n sa 2011-12 2010-11
(i) l ln-i | ni - l | (lnin) 1.33 0.53
(ii) | | nln
() iii 740.31 510.10
(|) i ii i 1879.51 953.92
(|) n li ii -in| 769.04 723.71
(|) nii 1850.78 740.31
(iii) l | | nln
() iii 397.04 144.93
(|) i ii i 1409.63 544.48
(|) i ii -in| 609.84 292.37
(|) nii 1196.83 397.04
(iv) | l iiii | nln (-i il-ni iiii i iiii i si)
() iii 159.73 117.21
(|) i ii l n iii 972.75 705.00
(|) lnln iiii i --iin - ii 654.74 662.48
(|) nii 477.74 159.73
i ii , n li il-ni l iii i - iii |ln - ln li r i l-ii r|
() -i - n|n n li il-ni l iii ..zo zo lnin zr lnin li ni r|
(|) so.oc.zo n -i n oo lnin iii -i | i |z - n|n ln-i i - i;i| -ii i -
liiln i li il-ni l iii|
n lni lii--, i i l l ii zsr.c i li ri r|
..z nli ~i iii in /o.s lnin (ls i s.so lnin)
103
4 Likelyimpactofonepercentagechangeininterestrate(100*PV01)
a)Onhedgingderivatives 0.09 1.20
b)Ontradingderivatives 0.00 0.00
5 MaximumandMinimumof100*PV01observedduringtheyear
a)Onhedging
Maximum 0.10 1.20
Minimum 0.08 0.53
b)Ontrading
Maximum NA NA
Minimum NA NA

3.4.1 ProftonaccountofsaleofsecuritiesfromHTMcategoryamountingto`3.32crore(previousyear`2.36crore)has
beentakentoProftandLossAccountandthereafteranamountof`1.68crore(previousyear`1.18crore)was
transferredtoCapitalReserveAccount(netoftaxesandamountrequiredtobetransferredtostatutoryreserves).
3.4.2 Duringtheyear,theBankhadtransferredaportionofitsGovernmentSecurities(SLR)heldintheAFScategorytotheHTM
categoryattheleastofCost/BookValue/Marketpricepursuanttoenablingregulatoryguidelines.Theshiftingofsecurities
of`2074.23crore(previousyear`4982.05crore)resultedindepreciationof`77.19crore(previousyear`176.23crore).
Thedepreciationprovisionavailableason31stMarch2011inGOIAFSsecuritiesamountingto`43.89crorewasutilized
andthebalanceamountof`33.30crorewasdebitedtoP&Laccountofcurrentyearonaccountofshifting.
3.4.3 IncaseofsecuritiesclassifedunderHTMcategory,ifacquisitioncostismorethanthefacevalue,thepremiumis
amortizedovertheremainingperiodtomaturity.FortheFinancialYear2011-12,asumof`31.73crore(previous
year`43.38crore)hasbeenamortizedandthesameisrefectedasadeductionfromIncomeonInvestments.
4. ASSETS QUALITY
4.1.1 Non-Performing Assets (ìncrore)
Items 2011-12 2010-11
(i)NetNPAstoNetAdvances(%) 1.33 0.53
(ii) Movement of Gross NPAs
(a)OpeningBalance 740.31 510.10
(b)Additionsduringtheyear 1879.51 953.92
(c)Reductionsduringtheaboveperiod 769.04 723.71
(d)ClosingBalance 1850.78 740.31
(iii) Movement of Net NPAs
(b)Additionsduringtheyear 1409.63 544.48
(c)Reductionsduringtheaboveperiod 609.84 292.37
(iv)Movement of Provision for NPAs(excludingprovisionsonstandardassetsand
FloatingProvisions)
(b)Provisionsmadeduringtheyear 972.75 705.00
(c)Write-offofexcessprovision 654.74 662.48
Duringtheyear,BankhaschangeditsAccountingPolicyinrespectofProvisioningforNon-Performingassetsas
detailedbelow:
(a) Provisioningforallnonperformingassetsclassifedassubstandardhasbeenincreasedto25%from01.04.2011
inplaceof20%.
(b)Provisioning for doubtful assets at the rates prescribed in IRAC Norms in respect of all advances categorized
underD1andD2from01.07.2011asagainst100%followedupto30.06.2011.
Consequenttotheabovementionedchanges,theNetProftforthecurrentyearishigherby`285.61crore.
4.1.2 NonPerformingLoanProvisioningCoverageRatiois70.13%(previousyear84.30%)
104
..s | | |ln i, i; i| | r r| ii (-) l lliln li ii r i nnin -n lli (-;) i
n-in -n i l|
4 - 2 i qu % l aj p u k d s v / khu y k; s x ; s [ kkr ksa d k f o o j . k (` i -)
2011-12
l hM hv kj
e sd kf u t e
, l , e b Z _ . k i qu %
l aj p u k
v U;
ln -i
ln-
iinii | i 5 103 5898
ii ili 555.56 59.94 2780.25
li-in (ln -~ - -|) 91.57 0.22 11.36
ln
-i ln-
iinii | i -- 8 222
ii ili -- 1.09 22.69
li-in (ln -~ - -|) -- 0 1.65
ln li
~i
iinii | i -- -- 4
ii ili -- -- 0.11
li-in (ln -~ - -|) -- -- 0
iinii | i 5 111 6124
ii ili 555.56 61.03 2803.05
li-in (ln -~ - -|) 91.57 0.22 13.01
(` i -)
2010-11
l hM hv kj
e sd kf u t e
, l , e b Z _ . k i qu %
l aj p u k
v U;
ln -i ln- iinii | i - 96 5457
ii ili - 17.24 671.15
li-in (ln -~ - -|) - 0.25 13.59
ln -i
ln-
iinii | i - 13 500
ii ili - 0.67 5.98
li-in (ln -~ - -|) - 0.01 0.04
ln li ln- iinii | i - -- 7
ii ili - -- 0.04
li-in (ln -~ - -|) - -- 0
iinii | i - 109 5964
ii ili - 17.91 677.17
li-in (ln -~ - -|) - 0.26 13.63
(` i -)
i zd V hd j . k 2011-12 2010-11
(i) n iini | i i 117591
(ii) |,i| i n iini i -~ (iiii l) i 347.40
(iii) ln i 393.54
(iv) ls ii - nln iin i - i ni lnln ln i 0.00
(v) l r| -~ ii,ril i 46.14
i- zr.os i -~ i i l-n| il-ni i ls i i| i l| l n i, ; i i i i n i ; l
oo lnin iii i r|
4 - 4 [ kj hn h @ c sp h x ; h x Sj f u " I kkn d f o Rr h; v kf L r ; ksa d s f o o j . k
, - [ kj hn h x ; h x Sj & f u " i kn d f o Rr h; v kf L r ; ksa d s f o o j . k (` i -)
f o o j . k
2011-12 2010-11
. () i ii i| n iini | i i i
(i) ii ii i i
z. () ;- i ii ln iini | i i i
(i) ii ii i i
105
4.1.3 AsperRecoveryPolicyoftheBank,anyrecoveryshouldbefrstappropriatedtoBookbalance(Principal)andthen
toUnpaidLegalExpenses(MLE)andthereaftertounpaidinterest.
4.2 Particulars of Accounts Restructured (ìncrore)
2011-12
CDR
Mechanism
SME Debt
Restructuring
Others
Standard
advances
restructured
No.ofBorrowers 5 103 5898
Amountoutstanding 555.56 59.94 2780.25
Sacrifce(diminutioninthefairvalue) 91.57 0.22 11.36
SubStandard
advances
restructured
No.ofBorrowers -- 8 222
Amountoutstanding -- 1.09 22.69
Sacrifce(diminutioninthefairvalue) -- 0 1.65
Doubtful
advances
restructured
No.ofBorrowers -- -- 4
Amountoutstanding -- -- 0.11
Sacrifce(diminutioninthefairvalue) -- -- 0
TOTAL
No.ofBorrowers 5 111 6124
Amountoutstanding 555.56 61.03 2803.05
Sacrifce(diminutioninthefairvalue) 91.57 0.22 13.01
(ìncrore)
2010-11
CDR
Mechanism
SME Debt
Restructuring
Others
Standardadvances
restructured
No.ofBorrowers - 96 5457
Amountoutstanding - 17.24 671.15
Sacrifce(diminutioninthefairvalue) - 0.25 13.59
SubStandard
advances
restructured
Doubtfuladvances
restructured
No.ofBorrowers - -- 7
Amountoutstanding - -- 0.04
Sacrifce(diminutioninthefairvalue) - -- 0
TOTAL
4.3 DetailsoffnancialassetssoldtoSecuritisation/ReconstructionCompanyforAssetReconstruction
(ìncrore)
Items 2011-12 2010-11
(i)No.ofAccountssold NIL 117591
(ii)Aggregatevalue(netofprovisions)ofaccountssoldtoSC/RC NIL 347.40
(iii)Aggregateconsideration NIL 393.54
(iv)Additionalconsiderationrealisedinrespectofaccounttransferredinearlieryears NIL 0.00
(v)Aggregategain/lossovernetbookvalue NIL 46.14
Note: During the year, certain not eligible Financial Assets sold to ARCs in the earlier year reverted to the Bank
amountingto`25.08croreforwhich100%provisionisavailable.
4.4 Detailsofnon-performingfnancialassetspurchased/sold
A.Detailsofnon-performingfnancialassetspurchased: (ìncrore)
1.(a)No.ofaccountspurchasedduringtheyear NIL NIL
(b)Aggregateoutstanding NIL NIL
2.(a)Ofthese,numberofaccountsrestructuredduringtheyear NIL NIL
(b)Aggregateoutstanding NIL NIL
106
|. | n| nli l-n| il-ni li (` d j ksM + e sa)
f o o j . k
2011-12 2010-11
. n iini | i
i i
z. ii ii
i i
s. in ln
i i
.r. e ku d v kf L r ; ksa d s f y , i zko / kku (` i -)
e n sa 2011-12 2010-11
iin| l ,ii i| li -ii i i ii -i il-ni ln l
n iii
140.64** 13.61**
** i
r. ii in
f o o j . k 2011-12 2010-11
(i) ii| lli lnin - i i 9.16 8.35
(ii) ii| lli lnin - ni i 0.92 1.05
(iii) ii| lli lnin - linn ii 2.59 2.94
(iv) il-ni lnii (%) 1.31 1.53
(v) iii (-i ln-) ln -i| (` i -) 11.14 9.30
(vi) ln -i| ii (` ii -) 9.30 8.88
c. il-n ni i
il-ni , nii | s -i i lni - ( ,ii ii ln) (` i -)
f o o j . k
1 f n u 2 & 7
f n u
8 & 1 4
f n u
1 5 & 2 8
f n u
2 9 f n u
r F kk 3
e g hu ksa
r d
3 e g hu ksa l s
v f / kd r F kk
6 e g hu ksa
r d
6 e g hu ksa
l s v f / kd
r F kk 1
o " kZ r d
1 o " kZ l s
v f / kd
r F kk 3
o " kksaZ r d
3 o " kksaZ
l s v f / kd
r F kk 5
o " kksaZ r d
5 o " kksaZ l s
v f / kd
d qy
-i 1070.38 3690.53 3336.13 3792.71 15480.58 15691.86 19528.93 36029.73 2615.25 19567.68 120803.78
ln- 115.71 459.88 160.01 76.31 455.25 1196.24 1217.79 191.60 0.04 1000.03 4872.86
li 199.75 1380.79 783.01 964.45 5806.07 4502.14 7467.64 9726.50 834.39 9542.58 41207.32
ii 1058.56 1553.49 3077.21 3099.25 8116.98 7507.43 12414.08 30701.58 11005.56 11789.46 90323.60
f t l e sa
li| -i
ni 519.69 286.95 520.11 709.44 1976.26 2019.62 2419.99 288.52 41.89 0.05 8782.51
li| -i
il-ni 123.33 142.66 42.44 327.88 1808.09 1735.74 574.83 1470.11 581.87 650.04 7456.99
7 - l ao n su ' khy { ks= ksa d ks m / kkj
7 - 1 - f j ; y , L V sV { ks= d ks _ . k (` i -)
o x Z 31.03.2012 31.03.2011
) -i ~i
(i) i i 6235.93 5855.95
l- ln nr ~i i iil-ni i nrn iil- l i rn i r 4554.57 3996.58
(ii) ilil l --- 2472.08 3095.34
(iii) i -lin lnilni (|) - li i lnilnn ~i
) i 0.42 1.17
i) ilil l --- i i
|) -i ~i
| nii | lli nii nlli ~i 3601.59 699.41
107
B.Detailsofnon-performingfnancialassetssold (ìncrore)
1.No.ofaccountssold NIL NIL
2.AggregateOutstanding NIL NIL
3.Aggregateconsiderationreceived NIL NIL
4.5 Provision on Standard Assets (ìncrore)
Items 2011-12 2010-11
ProvisiontowardsStandardAssetsmadeduringtheyearasperprudentialnorms
issuedbyRBI
140.64** 13.61**
**Global
5. Business Ratios
(i)InterestIncomeasapercentagetoWorkingFunds 9.16 8.35
(ii)Non-InterestIncomeasapercentagetoWorkingFunds 0.92 1.05
(iii)OperatingProftasapercentagetoWorkingFunds 2.59 2.94
(iv)ReturnonAssets(%) 1.31 1.53
(v)Business(DepositsplusAdvances)peremployee(`Crore) 11.14 9.30
(vi)Proftperemployee(`lakh) 9.30 8.88
6. Asset Liability Management
Maturity Pattern of certain items of Assets and Liabilities (As compiled by the Bank) (ìncrore)
Particulars
1 day 2 to 7
days
8 to 14
days
15 to 28
days
29 days
to 3
months
Over 3
months to
6 months
Over 6
months
to 1 year
Over 1
year to 3
years
Over 3
years to
5 years
Over 5
years
Total
Deposits 1070.38 3690.53 3336.13 3792.71 15480.58 15691.86 19528.93 36029.73 2615.25 19567.68 120803.78
Borrowings 115.71 459.88 160.01 76.31 455.25 1196.24 1217.79 191.60 0.04 1000.03 4872.86
Investments 199.75 1380.79 783.01 964.45 5806.07 4502.14 7467.64 9726.50 834.39 9542.58 41207.32
Advances 1058.56 1553.49 3077.21 3099.25 8116.98 7507.43 12414.08 30701.58 11005.56 11789.46 90323.60
Of which
Foreign
Currency
Liabilities 519.69 286.95 520.11 709.44 1976.26 2019.62 2419.99 288.52 41.89 0.05 8782.51
Foreign
Currency
Assets 123.33 142.66 42.44 327.88 1808.09 1735.74 574.83 1470.11 581.87 650.04 7456.99

7. Lending to Sensitive Sector
7.1 Exposure to Real Estate Sector (ìncrore)
Category 31.03.2012 31.03.2011
A)DirectExposure
(i)ResidentialMortgages- 6235.93 5855.95
Outofwhichindividualhousingloanseligibleforbeingincludedunderprioritysector 4554.57 3996.58
(ii)CommercialRealEstate- 2472.08 3095.34
(iii)InvestmentinMortgageBackedSecurities(MBS)andothersecuritizedexposure
a)Residential 0.42 1.17
b)CommercialRealEstate NIL NIL
B)IndirectExposure
FundbasedandNon-fundbasedexposureonNationalHousingBankandHousingFinance
Corporation 3601.59 699.41
108
7 - 2 i wat h c kt kj e sa , D l i kst j (` i -)
e n sa 31.03.2012 31.03.2011
(i) -i li
;l-| i - 562.91 571.74
i,ln| li - i i
;l-| -i - i l-i - li i -i ii- ~i - li r| li ni r| 8.00 8.00
(ii) lni i ;l-| ii (i;|i,;i| lrn) ii li, ;l-| -i - i
l-i - li l ii | -in ln- 0.08 0.11
(iii) l| i l lnri ii i ln| ii i ln| li i ;l-| -i
- i l-i i iil- -in i - li ini r| i i
(iv)l| i l lnil ii ii |-i n ln| ii i ln|
li i ;l-| -i - i l-i ,ii -iin r iin ii, ln| ii i ln|
li i ;l-| -i - i l-i ii iil- lniln ln-i i in r|
n||
130.23 i
(v) --i ii i -iin i -iin ln- --i ii nii -i- -i | i i|
nil-i|
86.49 134.27
(vi) ini i i i | -iii - ; li | ;l-| l n ii i i
l ii,ii,li ii lnilni l, ii lin iii ii-i i -
~i|
i 158.26
(vii) -ilin ;l-| iri,ln-i l, li i l i| i i
(viii) ii ii ln| ii ii ln| li i ;l-| -i - i l-i
iil- ln- i - i ,ii | n; ri-|i| l-,ni| i i
(ix) -il -ln rn --i ii i l-n| i i
(x) - | llii (|n i |n ii) i| i 23.94 22.50
i wat h c kt kj d ks d qy , D l i kst j 811.65 894.88
/.s ili- n|i i i i ~i
_ . k t ksf [ ke ** 3 1 e kp Z 2 0 1 2 r d
_ . k f u o y
3 1 e kp Z 2 0 1 2 r d f d ,
x , i zko / kku
3 1 e kp Z 2 0 1 1 r d _ . k
f u o y
3 1 e kp Z 2 0 1 1 r d
f d , x , i zko / kku
n 5182.34 4.54 3156.20 3.47
1608.70 1570.68
-- 109.11 108.92
-- 19.53 11.98
-- 17.55 23.26
23.48 36.03
i 0.00 0.00
6960.71 4.54 4907.07 3.47
** ;||| li o.o.zoz l i nn i n i ili- iii
n s' k f o ' ks" k d ks i zn Rr _ . k t ksf [ ke i zc a/ ku %
s.os.zoz i lli ii i -n l ~i i lii li r i lni i si ii ln r ~i |
il-ni lnin | |-i i|n r| lni, l ;||| ll-- n -r-i ~i ili- n i| n|n li r, `..r
i (nn i `.s./ i) i iii i r|
109
7.2 Exposure to Capital Market (ìncrore)
Items 31.03.2012 31.03.2011
(i) Directinvestment
Inequityshares 562.91 571.74
Inbonds/convertibledebentures NIL NIL
Inunitsofequity-orientedmutualfundsthecorpusofwhichisnotexclusively
investedincorporatedebt 8.00 8.00
(ii) Advances against shares/bonds/debentures or other securities or on clean
basis to individuals for investment in equity shares (including IPOs/ESOPs)
convertiblebonds,convertibledebentures,andunitsofequityorientedmutual
funds 0.08 0.11
(iii) Advancesforanyotherpurposeswheresharesorconvertiblebondsorconvertible
debenturesorunitsofequityorientedmutualfundsaretakenasprimarysecurity NIL NIL
(iv) Advances for any other purposes to the extent secured by the collateral
securityofsharesorconvertiblebondsorconvertibledebenturesorunitsof
equityorientedmutualfundsi.e.wheretheprimarysecurityotherthanshares/
convertible bonds/convertible debentures/units of equity oriented mutual
fundsdoesnotfullycoveradvances
130.23 NIL
(v) Secured and unsecured advances to stockbrokers and guarantees issued on
behalfofstockbrokersandmarketmakers
86.49 134.27
(vi) Loanssanctionedtocorporatesagainstthesecurityofshares/bonds/debentures
or other securities or on clean basis for meeting promoters contribution to
theequityofnewcompaniesinanticipationofraisingresources
NIL 158.26
(vii) Bridgeloanstocompaniesagainstexpectedequityfows/issues NIL NIL
(viii) Underwritingcommitmentstakenupbythebanksinrespectofprimaryissue
of shares or convertible bonds or convertible debentures or units of equity
orientedmutualfunds
NIL NIL
(ix) Financingtostockbrokersformargintrading NIL NIL
(x) AllexposurestoVentureCapitalFunds(bothregisteredandunregistered) 23.94 22.50
TotalExposuretoCapitalMarket 811.65 894.88
7.3 Risk Category-wise Country Exposure (ìncrore)
Riskcategory**
Exposure (Net) as
on 31.03.2012
Provision held as
at 31.03.2012
Exposure(Net)as
on31.03.2011
Provisionheldasat
31.03.2011
Insignifcant 5182.34 4.54 3156.20 3.47
Low 1608.70 1570.68
ModeratelyLow 109.11 108.92
Moderate 19.53 11.98
Moderatelyhigh 17.55 23.26
High 23.48 36.03
VeryHigh 0.00 0.00
Total 6960.71 4.54 4907.07 3.47
**AspertheupdatedcountryriskclassifcationbytheECGCvideitscirculardated01.01.2012.
COUNTRY RISK MANAGEMENT:
TheBankhasanalyseditsnetfundedexposuretovariouscountriesason31.03.2012andsuchexposuretocountries
otherthanSingaporeiswellwithinthestipulationof1%ofthetotalassetsoftheBank.InrespectofSingapore,
whichisclassifedunderInsignifcantriskcategorybyECGCLtd,aprovisionof`4.54Cr(Previousyear`3.47Cr)
isavailable.
110
7 - 4 c Sad } kj k , d y m / kkj d r kZ l he k , l c h, y ] l e wg m / kkj d r kZ l he k t hc h, y d s v f r e . k ; f n d ksb Z g ks d s f o o j . k
(` i -)
m / kkj d r kZ d k u ke v f r f j D r _ . k d qy m P p r e _ . k v f r f j D r _ . k d h f r kr r k d qy _ . k d h f r kr r k
------------------------------------------ -----------
i
------------------- -------------------
7 - 5 v i zf r Hkwr v f x ze
lnn ln-i -, liii (i-- liii lrn) l il lniln - -n, lii, i;, ilii,
-n lnilni lin ln- | ili cr.s/ i r| ii i i ii l i, n -n il lnilni i
-iln -~ s.os.zoz i ss/.rr i r|
8 - f o f o / k
8 - 1 y s[ kk l e k/ kku , o a l e k; kst u
s.. n iiii -i i ii -iii s.os.zoz n i li i i r| ii ll-i l-i l lli in ii ,ii
- in -| i| r| n-in ii ii ll-i -ii i i nln r| i i, c.r i -~
sr// i;|| l- ll-i ii r|
s..z li s.os.zoz i n iiii iini ii - c -r| li li l ii -iii | n; ll-i i - -i l-iln
i in r l| iii | n r| r|
s..s i-i, -iiii -ii, lli in ilii, lli -i iini il - nii iin| l i lin ii -iiii
- i| ii ll-i -ln -ii l ll-n -|ii | i r| r|
s.. s iiiii - in| lri,l--i i n i i-i lri ii ii -iii i i i| r| i -nii, iini
n lii i lii-| ii rn ii r| rini|
s.z o " kZ d s n kSj ku v k; d j d s f y , c u k, x , i zko / kku ksa d h j kf ' k % (` i -)
2011-12 2010-11
d j k/ kku d s f y , i zko / kku v kb ZV h r F kk M Oy wV h 520.93 920.39
. s.os.zoz i liln i -in ii ii //o.sr i (ls i ro/.sr i ) ii, l- r/.z i (ls i
ss.co i ) i| iii ln liin ,ii i,-iiln l n| r| nr -i | n; lli il
iiiiii nii nnliii ii - ,ii i | n; |i i lli || iliili -i ln r, li n r l|
nr iii li i i r| -ii ni r|
| || ilii ,lini -n li llin li i i l iii li ni r i r r./
i ili, -ilnn i l r, i ls ii - li ni iii r, i in i -ni ni r|
8 - 3 Hkkj r h; f j t +o Z c Sad } kj k y x k, x , n . M ksa d k i zd V hd j . k %
i i i- i ri, ii - -| i -i ii li - l-i l iin| l z.s/ ii li r|
8 - 4 v p y v kf L r ; k
s.. . l - .o.so i inn i| ll-ni iil- r, li r| -~ rs.sc i r (ls i -i . i i c.ro
i ), l l |i | iilni | i r| r|
s..z i zoosos ii | l-ni -iln -~ii ,ii ln ii -~ -~ li nii ; lii--
or/./c i | -~ l, ili i -~ l iin - -i li ni| -~ l n i lnln -~ri so.rz i
ii (nn i - so.rz i ) l ii ril i i iiln li ni r nii | -n~ ili i iri -~ l
iin li ni r|
8 - 5 y kHk , o a g kf u y s[ ks e sa O; ; ' kh" kZ d s r g r ~ f n [ kk, x , **i zko / kku v kSj v kd f L e d r kv ksa** d k c zsd v i (` i - )
f u Eu d s i zf r f d , x , i zko / kku 2 0 1 1 & 1 2 2 0 1 0 & 1 1
i)
li -~ - -~ri (l)
173.57 61.43
ii)
nli ln- (l)
li
766.94
(5.94)
719.36
(5.71)
iii)
-i ln-
140.64 13.61
iv)
i i | -|
520.93 920.39
v)
ln ln- 61.25 (2.50)
vi)
58.81 (128.97)
d qy 1716.20 1577.61
111
7.4 Details of Single Borrower Limit (SBL), Group Borrower Limit (GBL) if any, exceeded by the Bank (ìncrore)
Borrower Name Additional
Exposure
Total Highest
Exposure
Percentage of additional
exposure
Percentage of Total
Exposure
--------------------------------------- ----------- NIL ------------------- -------------------

7.5 Unsecured Advances
Out of total unsecured advances, advances secured by intangible securities such as rights, licenses, authority, etc,
chargedtothebankascollateralinrespectofprojects(includinginfrastructureprojects)is`1465.37Crore.Estimated
totalvalueofsuchintangiblecollateralsmentionedaboveason31.03.2012is`8917.55Crore.
8. MISCELLANEOUS
8.1 Reconciliation and Adjustments
8.1.1 ReconciliationofInterBranchAccountiscompletedupto31.03.2012.TheBankthroughvariouseffectivestepshas
achievedreductionintheoutstandingentries.Adjustmentoftheremainingoutstandingentriesisinprogress.As
pertheManagement,8577IBGAcreditentriesaggregatingto`6.45croreareoutstanding.
8.1.2 InviewofnetcreditpositioninrespectofunreconciledentriesintheInterBranchAccountoutstandingformore
than6monthsason31.03.2012,noprovisionisrequired.
8.1.3 Old outstanding entries in drafts payable, clearing adjustment, sundries receivable, sundry deposit accounts,
etc.,andinbankreconciliationrelatingtoReserveBankofIndiaandotherbanksarebeingregularlyreviewedfor
appropriateadjustments.
8.1.4 Balancingofsubsidiaryledgers/registersandreconciliationwithgeneralledgersareinprogressatsomebranches.In
theopinionofthemanagement,consequentialfnancialimpactoftheaboveontheaccountswillnotbesignifcant.
8.2 Amount of Provision made for Income Tax during the year: (ìncrore)
2011-12 2010-11
Provision for Taxation ( IT & WT) 520.93 920.39
a) ThedisputedIncomeTaxdemandoutstandingasat31.03.2012amountsto`770.35Crore(previousyear
` 507.35 Crore), out of which ` 517.24 Crore (previous year` 348.60 Crore) has beenpaid / adjustedby the
Department against refund dues. No provision is considered necessary for the said disputed demands on
accountofjudicialpronouncementsandfavourabledecisionsinBanksowncase.
b) ProvisionforincometaxhasbeenmadeafterdueconsiderationoffavourabledecisionsofAppellateAuthorities/
OpinionofCounselsandisnetofreversalof`151.17crore,beingtheprovisionofearlieryearsconsideredas
nolongerrequired.
8.3 Disclosure of Penalties imposed by RBI
Duringtheyear,RBIhasimposedpenaltyof`12.37lakhsfornon-detectionofforgednotes,shortagesincash
remittancesanddiscrepancyinCurrencyChesthandlingoperation.
8.4 Fixed Assets
8.4.1 Premises include properties costing ` 10.80 Crore, the book value of which is ` 59.96 Crore (previous year
`11.11Croreand`64.50Crorerespectively),forwhichregistrationformalitiesareinprogress.
8.4.2 Bankrevalueditsimmovablepropertiesduringtheyear2008-09atfairmarketvaluebyapprovedvaluersandthe
resultant appreciation of ` 1057.76 Crore was credited to Revaluation Reserve Account. Depreciation on the
revaluedportionamountingto`30.52Crore(previousyear`30.52Crore)hasbeenchargedtoProft&LossA/c
andanequivalentwithdrawalismadefromtheRevaluationReserveAccount.
8.5 Break-upofProvisions&ContingenciesshownundertheheadExpenditureinProftandLossAccount:
(ìncrore)
Provision made towards 2011-12 2010-11
i) DepreciationinthevalueofInvestments(net) 173.57 61.43
ii)
Non-PerformingAdvances(Net)
Investments
766.94
(5.94)
719.36
(5.71)
iii) StandardAdvances 140.64 13.61
iv) IncomeTax&FBT 520.93 920.39
v) RestructuredAdvances 61.25 (2.50)
vi) Others 58.81 (128.97)
Total 1716.20 1577.61
112
8 - 6 p y i zko / kku % (` i -)
p y i zko / kku [ kkr k
2011-12 2010-11
() iii ( )
139.58 205.00
(|) i ii i
0.00 0.00
(|) n i ii -|
0.00 65.42
(|) nii
139.58 139.58
8 - 7 x zkg d f ' kd k; r
v - x zkg d f ' kd k; r
() i | iin - ln liini | .
75
(|) i ii in liini | .
2045
(|) i i ii l-i; n; liini | .
2088
(|) i n - ln liini | .
32
v k- sf M V d kM Z
13
241
245
9
il liil ii i i ,ii -i ln |ln i l- i i ilii - | ni i i n|i,li l-n li ini r|
l h- , V h, e f ' kd k; r
487
83936
84031
392
8 - 8 c Saf d ax y ksd i ky } kj k i kf j r v kSj c Sad d s } kj k d k; kZf Uo r f d , x , v f / kf u . kZ;
() i | iin - iiln lili
2
(|) i ii ln ii ,ii i l n lili
4
(|) i ii iiln l n lili
4
(|) ii - - l n lili l, |
1
(;) i n - ln iiln lilii | .
1
8 - 9 3 1 - 1 2 - 2 0 1 1 d ks l e kI r f r e kg h v kSj i wo Z f r e kf g ; ksa d h r qy u k e sa] 3 1 - 0 3 - 2 0 1 2 d ks l e kI r f r e kg h e sa i zkI r x zkg d f ' kd k; r ksa d k o x hZd j . k
- l a o x hZd j . k
i -in ln-ir| - in liin
31.03.2011 30.06.2011 30.09.2011 31.12.2011 31.03.2012
No. % No. % No. % No. % No. %
1 i | i| 7 1 3 1 5 1 5 1 5 1
2 ir| i,li | | 12 2 16 4 15 3 13 3 18 3
3
||,-|-|,--| i| i inni nii ll
|| i| i
0 0 2 1 3 1 1 1 4 1
4 niri -ii| i 0 0 0 0 0 0 0 0 1 1
5 i i nn i , iini lni i| i 17 3 18 4 8 2 45 9 64 10
6 i i inni 76 14 50 12 41 9 46 9 63 10
7 -i,i i inni 102 19 77 19 96 20 86 17 120 17
8 ~i ii i l-i 205 39 133 32 174 37 194 38 208 31
9 -ili l, liin 12 2 5 1 9 2 6 1 18 3
10 iii i l-i 7 1 6 1 6 1 5 1 13 2
11 -|- i iniln| lin -i- 103 19 105 25 114 24 100 20 144 21
d qy 541 100 415 100 471 100 501 100 658 100
113
8.6 Floating Provisions : (ìncrore)
Floating Provisions Account 2011-12 2010-11
(a) OpeningBalance(1
st
April) 139.58 205.00
(b) Additionsduringtheyear 0.00 0.00
(c) Reductionduringtheyear 0.00 65.42
(d) ClosingBalance 139.58 139.58
8.7 Customer Complaints :
A. Customer Complaints
a) No.ofcomplaintspendingatthebeginningoftheyear 75
b) No.ofcomplaintsreceivedduringtheyear 2045
c) No.ofcomplaintsredressedduringtheyear 2088
d) No.ofcomplaintspendingattheendoftheyear 32
B. Credit Card
Classifcation/ReportingonMovementofNPAincreditcardreceivablesisdoneasperRBIguidelinesandBoard
approvedPolicy
C. ATM Complaints
8.8 Number of awards passed by the Banking Ombudsman and implemented by the Bank is as follows:
a) Unimplementedawardsatthebeginningoftheyear 2
b) AwardspassedbyBankingOmbudsmanduringtheyear 4
c) Awardsimplementedduringtheyear 4
d) AppealagainsttheawardsallowedintheHighCourt 1
e) Unimplementedawardsattheendoftheyear 1
8.9 Classifcation of customer complaints received during the quarter ended 31.03.2012 compared to the quarters
ended31.12.2011andpreviousquarters:
Sl.
No.
Classifcation
Complaintsreceivedduringthequarterending
31.03.2011 30.06.2011 30.09.2011 31.12.2011 31.03.2012
No. % No. % No. % No. % No. %
1 Returnofcheques 7 1 3 1 5 1 5 1 5 1
2 Collectionofoutstationcheques/bills 12 2 16 4 15 3 13 3 18 3
3
Issue&PaymentofDDs/TTs/MTs&Issueof
dup.DDs/MTs
0 0 2 1 3 1 1 1 4 1
4 Standinginstructionsofcustomers 0 0 0 0 0 0 0 0 1 1
5 Updatingofpassbook/issueofstatementofa/c 17 3 18 4 8 2 45 9 64 10
6 PaymentofPension 76 14 50 12 41 9 46 9 63 10
7 Deposits/PaymentofInterest 102 19 77 19 96 20 86 17 120 17
8 Disposalofloanapplications 205 39 133 32 174 37 194 38 208 31
9 Complaintagainststaff 12 2 5 1 9 2 6 1 18 3
10 Settlementofclaim 7 1 6 1 6 1 5 1 13 2
11 ATM&othertechnologyrelatedmatters. 103 19 105 25 114 24 100 20 144 21
TOTAL 541 100 415 100 471 100 501 100 658 100
114
s.o ,ii i| - i --
s.os.zoz i -in i ii ,ii szss.z i -~ l // - i -- i| l n r| s.os.zoz i
ss - i -- ii r l| ili rsr.zr i r|
s. ,ii lni -il iliili i i| -nilii , lni iiii ii | n- l -iiln
| lli inii | ln l | s -i; i (s.os.zoz i | i; i zs./c i | -n ~ ili) | -i
lin ni r |
8 - 1 2 x zke h. k f o d kl g sr q b af M ; u c Sad V L V
zz.os.zoos i ,ii ni-|i li rn ;l --- -iiln li ni r| --- i - r, ni-|i li
ln i i i ni-|i ii li - n r lli liili,liii ii rn ni lii- in
rn - -iiln i| ,ii ; i ii ln, ii o.oo i r|
--- nrn - li illli in l ni-|i ini i i ini -i liii i l
i- i (l-n, , i-|, i|-, |, -, ln~ i ) - ;-| (;l - li liii )
-iiln l n r|
i- ni i li~ l-n| iini i ~i i-i i i l ; nri - l-n| iini i ~i i-i
i| ii r nl-i - , i-|, i|-, ilnl, i-, -, ln~, lni-, l-, , i -
i~-, iii - l-n i -||--, | i iiln - ||
o " kZ 2 0 1 1 & 1 2 d s f y , v kb Zc hV hv kj M h d k x Sj y s[ kk i f j f { kr v k; o O; ;
v k; d k f o o j . k `
i zoz ii i ii -
iin i in i -
ln i 91,19,994.00
ii liii | lnln 9,20,540.00
lli i 18,249.00
d qy v k; 1,00,58,783.00
O; ; d k f o o j . k `
i zoz l , l zo n 40,32,023.00
-i zoz n | ln-ir| l iiln 25,00,000.00
d qy O; ; 65,32,023.00
i li 35,26,760.00
i wt h [ kkr k
i lli 8,59,95,000.00
v k; & O; ; [ kkr s e sa ' ks" k
o.o.zo i i ii 1,40,50,351.50
t ksM s i s.os.zoz i -in i l i | li -ii 35,26,760.00
1,75,77,111.50
| iini 10,35,72,111.50
8 - 1 3 t e k, ] v f x ze ] _ . k r F kk , u i h, d k l ad sUn z. k c Sad } kj k ; F kk l e sf d r
8 - 1 3 - 1 t e kv ksa d k l ad sUn z. k (` i -)
c hl l c l s c M s t e kd r kZv ksa d h d qy t e k, f l Q Z n s' kh 8237.68
| -ii ii | -inii | -ii i lnin 7.15%
8 - 1 3 - 2 v f x ze ksa d k l ad sUn z. k (` i -)
c hl l c l s c M s m / kkj d r kZv ksa d ks i zn Rr d qy v f x ze 14613.45
| ln-i ii | iinii | ln-i i lnin 13.68%
115
8.10 Letter of comfort issued by the Bank:
Duringtheyearended31.03.2012,717lettersofcomforthavebeenissuedbythebankamountingto`3239.12Crore.
Thelettersofcomfortoutstandingason31.03.2012are394amountingto`1585.25Crore.
8.11 InviewoftheLetterofResponsibilitygivenbytheBanktotheMonetaryAuthorityofSingapore,theBankmaintains
deposittotheextentofUSD43mio(equivalenttoINR218.76Croreapproxason31.03.2012)withSingaporeBranch
tomeettheminimumNetAdjustedCapitalFundsrequirementoftheBranch.
8.12 Indian Bank Trust for Rural Development:
Indian Bank Trust for Rural Development has been set up by the Bank on 22.09.08 to exclusively focus on rural
development and accomplish perceptibly better results by coordinating with various other players/ agencies
who are also engaged in the development of rural areas. Total Contribution committed by the Bank to the Trust is
`10.00Crore.
UndertheTrust,IndianBankSelfEmploymentTrainingInstitutes(INDSETIs)havebeenestablishedineightcenters
(Chittoor,Cuddalore,Dharmapuri,Kancheepuram,Puducherry,Salem,ThiruvallurandVellore)toimpartskilloriented
trainingtoruralunemployedyouth,toenablethemtoeitherself/wageemployed.
The Bank has also set up Financial Literacy and Credit Counseling Centers (FLCCs) in Cuddalore, Dharmapuri,
Kancheepuram, Krishnagiri, Namakkal, Salem, Thiruvallur, Thiruvannamalai, Villupuram and Vellore in Tamil Nadu,
KollaminKerala,ChittoorandMachilipatnaminAndhraPradesh,PuducherryinU.T.ofPuducherry,toprovidefnancial
literacyandCreditCounsellingservicestothegeneralpublicfreeofcost.
Unaudited Income and Expenditure of IBTRD for the year 2011-12
DETAILS OF INCOME `
ContributionsmadebytheBankduringtheyear2011-12 -
GrantreceivedfromGovtofIndia -
BankInterestearned 91,19,994.00
TrainingcostreimbursementreceivedfromNABARD 9,20,540.00
Miscellaneousincome 18,249.00
Total Income 1,00,58,783.00
DETAILS OF EXPENDITURE `
Expenditureincurredduringtheyear2011-12,uptoDec2011 40,32,023.00
EstimatedexpenditureforthequarterendedMarch2012 25,00,000.00
Total expenditure 65,32,023.00
Excessofincomeoverexpenditure 35,26,760.00
Capital Account
Corpusfund 8,59,95,000.00
Balance in Income and Expenditure account
OpeningBalanceason1.4.2011 1,40,50,351.50
AddExcessofIncomeoverExpenditurefortheyearending31.03.2012 35,26,760.00
Total 1,75,77,111.50
Total capital account 10,35,72,111.50
8.13. Concentration of Deposits, Advances, Exposures and NPAs (As compiled by the Bank)
8.13.1 Concentration of Deposits
(ìncrore)
Total Deposits of twenty largest depositors (domestic only) 8237.68
PercentageofDepositsoftwentylargestdepositorstoTotalDepositsoftheBank 7.15%
8.13.2 Concentration of Advances
(ìncrore)
Total Advances to twenty largest borrowers 14613.45
PercentageofAdvancesoftwentylargestborrowerstoTotalAdvancesoftheBank 13.68%
116
8 - 1 3 - 3 , D L i ks' kj ksa d k l ad sUn z. k (` i -)
c hl l c l s c M s m / kkj d r kZv ksa@ x zkg d ksa d ks d qy , D L i ks' kj 19172.97
iinii,niri i -ii ii | iinii,niri
i -ii | lninni 11.34%
8 - 1 3 - 4 , u i h, d k l ad sUn z. k (` i -)
l c l s c M s p kj , u i h, [ kkr ksa d ks d qy , D L i ks' kj 315.24
8 - 1 4 l sD V j & o kj , u i h,
e kad l sD V j m l l sD V j e sa d qy v f x ze ksa e sa , u i h, d h i zf r ' kr r k
1. li lin ii 2.49%
2. nin(-i;i, i, -ni ) 1.04%
3. i 4.44%
4. lnnn ~i 1.23%
8 - 1 5 , u i h, e sa i f j o r Zu
f o o j . k (` i -)a
o zo i | (iii) 740.31
i ii i ( |) 1879.51
() 2619.82
i-i
(i) il- 34.68
(ii) li (il- l n iini | n| ilii i si) 228.25
(iii) i;-i 506.11
(|) 769.04
s -i zoz i | (n ii |) 1850.78
8 - 1 6 v kso j l ht + v kf L r ; ka] , u i h, v kSj j kt L o
f o o j . k ` d j ksM + e sa
il-ni 5759.92
|
|
l |
179.28
156.70
i- 242.88
8 - 1 7 i zo f r Zr ] r qy u i = d s c kg j , l i ho h f t Ug sa y s[ kkd j . k e ku n . M ksa d s v u ql kj l e sf d r d j u k g S
n s' kh v kso j l ht +
' kwU; ' kwU;
9 - y s[ kk e ku d ksa , , l d s v u ql kj i zd V hd j . k %
9 - 1 u d n h i zo kg f o o j . k , , l 3
i zoz rn | ir li n , li ni r|
9 - 2 L V kQ d ks y kHk , , l 1 5
l-n| i zoo/os ii r r| i ii ii - -ii| ni l sz i | ili ii ril iin
- ii ni r| i| -i -ii| ni li s.os.zoz i i r |
i zoo ii -ili l i l~ ii li lri ; i ii l l~ r| li ii
i i inni lil- s/z - iii i - -ili i i | |-i i| i| n| | ; lii-- ln-i
-ili i - i ni ` ss.zz i r| i |-i -~i i i ni - l, ` cc.zo i r| | iin| l
l .||i|.||.||.,so,z.o.os,zoo l.os.oz. nrn i i i ; ni - ,r ii | -ln || ni
; i ii ril i -, i l cz.cr i i ilnili l ss.zo i iii ni r| i| li l l-n|
l ln riln ni, i l s/.ss i i ilnili l ss.co i r|
117
8.13.3 Concentration of Exposures
(ìncrore)
Total Exposures to twenty largest borrowers/customers 19172.97
PercentageofExposuresoftwentylargestborrowers/customerstoTotal
ExposuresoftheBankonborrowers/customers 11.34%
8.13.4 Concentration of NPAs
(ìncrore)
Total Exposures to top four NPA accounts 315.24
8.14 Sector-wise NPAs
Sl No. Sector Percentage of NPAs to Total Advances in that sector
1. Agriculture&Alliedactivities 2.49%
2. Industry(Micro,small,MediumandLarge) 1.04%
3. Services 4.44%
4. PersonalLoans 1.23%
8.15 Movement of NPAs
Particulars ` in crore
GrossNPAsason1
st
April2011(OpeningBalance) 740.31
Additions(FreshNPAs)duringtheyear 1879.51
Sub-total(A) 2619.82
Less:
(i)Upgradations 34.68
(ii)Recoveries(excludingrecoveriesmadefromupgradedaccounts) 228.25
(iii)Write-offs 506.11
Sub-total(B) 769.04
GrossNPAsason31
st
March2012(closingbalance(A-B) 1850.78
8.16 Overseas Assets, NPAs and Revenue
Particulars ` in crore
TotalAssets 5759.93
TotalNPAs
GrossNPA
NetNPA
179.28
156.70
TotalRevenue 242.88
8.17 Off-balanceSheetSPVssponsored(whicharerequiredtobeconsolidatedasperaccountingnorms)
Domestic Overseas
NIL NIL
9. DISCLOSURES IN TERMS OF ACCOUNTING STANDARDS (AS):
9.1 CASH FLOW STATEMENT (AS 3)
TheCashFlowstatementfortheyear2011-12isannexedseparately.
9.2 EMPLOYEE BENEFITS (AS 15)
Duringthecurrentyear,asumof`92crorehasbeenchargedtoProft&LossAccounttowardstransitionalliability
arisinguponfrsttimeimplementationofAS15madefromthefnancialyear2007-08.Theremainingunrecognized
transitionalliabilityason31.03.2012isnil.
Duringtheyear2010-11,theBankreopenedthepensionoptionforsuchofitsemployeeswhohadnotoptedforthe
pensionschemeearlierandthelimitofgratuitypayabletotheemployeesofthebankwasalsoenhancedpursuantto
theamendmenttothePaymentofGratuityAct,1972.Asaresult,thepensionliabilityinrespectofexistingemployees
was`813.22croreandtheincreaseingratuityliabilitywas`166.00croreasperactuarialvaluation.RBI,videcircular
No.DBOD:BP:BC/80/21.04.018/2010-11dated09.02.2011,permittedBankstocharge1/5thofsuchliabilityeveryyear.
Accordingly,duringthecurrentyear,asumof`162.65croretowardspensionand`33.20croretowardsgratuityis
chargedtoProftandLossaccount.Theunrecognizedliabilitypendingforamortizationovertheremainingperiodis
`487.93croretowardspensionand`99.60croretowardsgratuity
118
9 - 2 - 1 ii -ir(iilin) n ii ril ii i n - -ini l n, ini in lrn i |ii| -i| lrn i
iii l-iln l-ii r
I.e wy c he kad d v u qe ku (iiln ini - n) 31/03/2012 31/03/2011
-- | 8.63% 8.45%
n i-n| | - n %i | s% - n %i | ./o%
-in | 1.00% 1.00%
ii il-ni lin ln | * 9.00% 9.00%
n n|i iln ;i; ~i (||) |-i n|i
*ii il-ni lin ln | , s--| ii; in r| rin||
il - rii| n i-n| i i, -i-|ln, l-ni, iln i li ii - iln i -in nn n-i i lri -
n r li ini r|
p ky w o " kZ 2 0 1 1 & 1 2 (` i -)
II.c k/ ; r k d s o r Ze ku e wY; i ho hv ks e sa i f j o r Zu & v F k' ks" k , o a v ar ' ks" k d k y s[ kk l e k/ kku i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
o " kZ d s v kj aHk e sa i ho hv ks 3563.00 757.00 253.00
i inn 292.33 57.10 18.44
n-i - i inn 270.30 65.49 15.54
lnn i inn (linin , llrn ii) 0 0 0
lnn i inn (linin,llrn ii) 0 0 0
-n ii (206.83) (104.23) (50.75)
ini (n ii) |-i ril , (ii) (55.00) (20.31) (18.17)
o " kZ d h l e kf I r i j i ho hv ks 3863.80 755.05 218.06
f i N y s o " kZ 2 0 1 0 & 1 1 (` i -)
II.c k/ ; r k d s o r Ze ku e wY ; i ho hv ks e sa i f j o r Zu & v F k' ks" k , o a v ar ' ks" k d k y s[ kk l e k/ kku i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
o " kZ d s v kj aHk e sa i ho hv ks 1939.00 572.00 262.00
i inn 147.45 42.40 18.72
n-i - i inn 249.26 65.66 18.03
lnn i inn linin 162.64 33.20 0
lnn i inn linin 650.58 132.80 0
-n ii (191.82) (83.89) (56.10)
ini (n ii) |-i ril , (ii) 605.90 (5.17) 10.35
p ky w o " kZ 2 0 1 1 & 1 2 (` i -)
III. ; kst u k v kf L r ; ksa d s m f p r e wY ; e sa i f j o r Zu & v F k ' ks" k , o a v ar ' ks" k d k y s[ kk l e k/ kku i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
o " kZ d s v kj aHk e sa ; kst u k v kf L r ; ksa d k m f p r e wY ; 2851.00 619.00 0
ii il-ni lin ln 267.75 54.95 0
ii 454.77 87.45 50.75
-n ii (206.83) (104.23) (50.75)
ii il-ni (n ii) |-i ii , (ril) 9.18 (1.72) 0
o " kZ d h l e kf I r i j ; kst u k v kf L r ; ksa d k m f p r e wY ; 3375.87 655.45 0
119
9.2.1 ThesummarisedpositionofPost-employmentbeneftsandlongtermemployeebeneftsrecognisedintheProft&
LossAccountandBalanceSheetasrequiredinaccordancewithAccountingStandard15(Revised)areasunder:
PRINCIPAL ACTUARIAL ASSUMPTIONS I.
[Expressedasweightedaverages] 31/03/2012 31/03/2011
DiscountRate 8.63% 8.45%
Salaryescalationrate 1%onBasicand3.00%onDA 1%onBasicand4.70%onDA
Attritionrate 1.00% 1.00%
ExpectedrateofreturnonPlanAssets* 9.00% 9.00%
Methodused ProjectedUnitCredit(PUC)actuarialMethod
*ExpectedRateofreturnonPlanAssetsnotapplicableforLeaveencashment.
Theestimatesoffuturesalaryincreasesareconsideredtakingintoaccountinfation,seniority,promotionandother
relevantfactors,suchassupplyanddemandintheemploymentmarket.
Current Year 2011-12 (ìncrore)
II. CHANGES IN THE PRESENT VALUE OF THE OBLIGATION (PVO) -
RECONCILIATION OF OPENING AND CLOSING BALANCES:
Pension
Fund
Gratuity
Fund
Leave
Encashment
PVO as at the beginning of the year 3563.00 757.00 253.00
InterestCost 292.33 57.10 18.44
Currentservicecost 270.30 65.49 15.54
Pastservicecostrecognized/vestedbenefts 0 0 0
Pastservicecostunrecognized/non-vestedbenefts 0 0 0
Beneftspaid (206.83) (104.23) (50.75)
Actuarialloss/(gain)onobligation(balancingfgure) (55.00) (20.31) (18.17)
PVO as at the end of the year 3863.80 755.05 218.06
Previous year 2010-11 (ìncrore)
Pension
Fund
Gratuity
Fund
Leave
Encashment
InterestCost 147.45 42.40 18.72
Pastservicecost-recognised 162.64 33.20 0
Pastservicecost-unrecognised 650.58 132.80 0
Beneftspaid (191.82) (83.89) (56.10)
Actuarialloss/(gain)onobligation(balancingfgure) 605.90 (5.17) 10.35
III. CHANGES IN THE FAIR VALUE OF PLAN ASSETS -
Pension
Fund
Gratuity
Fund
Leave
Encashment
Fair value of plan assets as at the beginning of the year 2851.00 619.00 0
Expectedreturnonplanassets 267.75 54.95 0
Contributions 454.77 87.45 50.75
Beneftspaid (206.83) (104.23) (50.75)
Actuarialgain/(loss)onplanassets[balancingfgure] 9.18 (1.72) 0
Fair value of plan assets as at the end of the year 3375.87 655.45 0
120
f i N y s o " kZ 2 0 1 0 & 1 1 (` i -)
III. ; kst u k v kf L r ; ksa d s m f p r e wY ; e sa i f j o r Zu & v F k ' ks" k , o a v ar ' ks" k d k y s[ kk l e k/ kku i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
o " kZ d s v kj aHk e sa ; kst u k v kf L r ; ksa d k m f p r e wY ; 1815.80 561.60 0
ii il-ni lin ln 202.07 51.07 0
li ii 1050.56 95.64 56.10
-n ii (191.82) (83.89) (56.10)
ini (n ii) |-i ii , (ril) (25.60) (5.42) 0
p ky w o " kZ 2 0 1 1 & 1 2 (` i -)
IV. ; kst u k v kf L r ; ksa i j o kL r f o d i zf r Q y i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
ii il-ni lin ln 267.75 54.95 0
ii il-ni |-i ii (ril) 9.18 (1.72)
0
ii il-ni i-nl ln 276.93 53.23
0
f i N y s o " kZ 2 0 1 0 & 1 1 (` i -)
ii il-ni lin ln 202.07 51.07 0
ii il-ni |-i ii (ril) (25.60) (5.42)
0
ii il-ni i-nl ln 176.46 45.65
0
p ky w o " kZ 2 0 1 1 & 1 2 (` i -)
V. i g p ku k x ; k c he kad d y kHk@ g kf u i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
i l |-i ii,(ril) ini 55.00 20.31 18.17
i l |-i ii,(ril)ii il-ni 9.18 (1.72) 0
i l (ii) , ril (64.19) (18.58) (18.17)
o " kZ d s n kSj ku i g p ku s x , c he kad d y kHk@ g kf u (64.19) (18.58) (18.17)
i n - ri n |-i (ii),ril 0 0 0
ls o " kZ 2 0 1 0 & 1 1 (` i -)
i l |-i ii,(ril) ini (605.90) 5.17 (10.35)
i l |-i ii,(ril)ii il-ni (25.60) (5.42) 0
i l (ii) , ril 631.50 0.25 10.35
o " kZ d s n kSj ku i g p ku s x , c he kad d y kHk@ g kf u & c k/ ; r k 631.50 0.25 10.35
i n - ri n |-i (ii),ril ini 0 0 0
p ky w o " kZ 2 0 1 1 & 1 2 (` i -)
VI. r qy u i = e sa i g p ku h x ; h j kf ' k; ka v kSj l ac af / kr f o ' y s" k. k i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
ini i iln n-i -~ 3863.80 755.05 218.06
ii il-ni i ln -~ 3375.87 655.45 0
n 487.93 99.60 218.06
linin -ii| ni 0 0 0
linin lnn i inn (487.94) (99.60) 0
r qy u i = e sa i g p ku h x ; h n s; r k (0.01) 0 218.06
121
Previous year 2010-11 (ìncrore)
Pension
Fund
Gratuity
Fund
Leave
Encashment
Expectedreturnonplanassets 202.07 51.07 0
EmployersContributions 1050.56 95.64 56.10
Beneftspaid (191.82) (83.89) (56.10)
Actuarialgain/(loss)onplanassets[balancingfgure] (25.60) (5.42) 0
IV. ACTUAL RETURN ON PLAN ASSETS
Pension
Fund
Gratuity
Fund
Leave
Encashment
Expected return on plan assets 267.75 54.95 0
Actuarial gain (loss) on plan assets 9.18 (1.72) 0
Actual return on plan assets 276.93 53.23 0
Previous Year 2010-11 (ìncrore)
Pension
Fund
Gratuity
Fund
Leave
Encashment
Actuarial gain (loss) on plan assets (25.60) (5.42) 0
V. ACTUARIAL GAIN / LOSS RECOGNIZED
Pension
Fund
Gratuity
Fund
Leave
Encashment
Actuarialgain/(loss)fortheyear-Obligation 55.00 20.31 18.17
Actuarialgain/(loss)fortheyear-PlanAssets 9.18 (1.72) 0
Total(gain)/lossfortheyear (64.19) (18.58) (18.17)
Actuarial (gain) / loss recognized in the year (64.19) (18.58) (18.17)
Unrecognizedactuarial(gain)/lossattheendoftheyear 0 0 0
Pension
Fund
Gratuity
Fund
Leave
Encashment
Actuarialgain/(loss)fortheyear-Obligation (605.90) 5.17 (10.35)
Actuarialgain/(loss)fortheyear-PlanAssets (25.60) (5.42) 0
Total(gain)/lossfortheyear 631.50 0.25 10.35
Actuarial (gain) / loss recognized in the year 631.50 0.25 10.35
Unrecognizedactuarial(gain)/lossattheendoftheyear 0 0 0
VI. AMOUNTS RECOGNISED IN THE BALANCE SHEET AND RELATED
ANALYSIS
Pension
Fund
Gratuity
Fund
Leave
Encashment
Presentvalueoftheobligation 3863.80 755.05 218.06
Fairvalueofplanassets 3375.87 655.45 0
Difference 487.93 99.60 218.06
Unrecognisedtransitionalliability 0 0 0
Unrecognisedpastservicecost (487.94) (99.60) 0
Liability recognized in the balance sheet (0.01) 0 218.06

122
f i N y s o " kZ 2 0 1 0 & 1 1 (` i -)
ini i iln n-i -~ 3563.00 757.00 253.00
ii il-ni i ln -~ 2851.00 619.00 0
n 712.00 138.00 253.00
linin -ii| ni (61.60) (5.20) (12.40)
linin lnn i inn n llrn ii (650.58) (132.80) 0
p ky w o " kZ 2 0 1 1 & 1 2 (` i -
VII. y kHk , o a g kf u y s[ ks e sa i g p ku s x ; s O; ;
i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
n-i i inn 270.30 65.49 15.54
i inn 292.33 57.10 18.44
ii il-ni lin ln (267.75) (54.95) 0
l |-i (ii), ril i ; i - ri| n| r (64.19) (18.58) (18.17)
; i - ri| n| -ii| ni 61.60 5.20 12.40
lnn i inn llrn ii 162.65 33.20 0
y kHk , o a g kf u y s[ ks e sa i g p ku s x ; s O; ; 454.95 87.45 28.21
f i N y s o " kZ 2 0 1 0 & 1 1 (` i -)
VII. y kHk , o a g kf u y s[ ks e sa i g p ku s x ; s O; ;
n-i i inn 249.26 65.66 18.03
i inn 147.45 42.40 18.72
ii il-ni lin ln (202.07) (51.07) 0
l |-i (ii), ril i ; i - ri| n| r 631.50 0.25 10.35
; i - ri| n| -ii| ni 61.60 5.20 12.40
lnn i inn -i 162.64 33.20 0
y kHk , o a g kf u y s[ ksa e sa i g p ku s x ; s O; ; 1050.38 95.64 59.60
p ky w o " kZ 2 0 1 1 & 1 2 (` i -)
VIII. r qy u i = e sa i g p ku h x ; h n s; r kv ksa e sa i f j o r Zu i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
l ni i ii ii (0.18) 0 240.60
nii 454.95 87.45 28.21
-n ii (454.77) (87.45) (50.75)
f u o y n s; r k d k v ar ' ks" k (0.01) 0 218.06
f i N y s o " kZ 2 0 1 0 & 1 1 (` i -)
VIII. r qy u i = e sa i g p ku h x ; h n s; r kv ksa e sa i f j o r Zu i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
l ni i ii ii 0 0 237.20
nii 1050.38 95.64 59.50
-n ii (1050.56) (95.64) (56.10)
123
ANALYSIS
Pension
Fund
Gratuity
Fund
Leave
Encashment
Presentvalueoftheobligation 3563.00 757.00 253.00
Fairvalueofplanassets 2851.00 619.00 0
Difference 712.00 138.00 253.00
Unrecognisedtransitionalliability (61.60) (5.20) (12.40)
Unrecognisedpastservicecostnon-vestedbenefts (650.58) (132.80) 0
Liability recognized in the balance sheet
(0.18) 0 240.60
VII. EXPENSES RECOGNISED IN THE STATEMENT OF PROFIT AND
LOSS:
Pension
Fund
Gratuity
Fund
Leave
Encashment
InterestCost 292.33 57.10 18.44
Expectedreturnonplanassets (267.75) (54.95) 0
Netactuarial(gain)/lossrecognisedintheyear (64.19) (18.58) (18.17)
TransitionalLiabilityrecognisedintheyear 61.60 5.20 12.40
Expensesrecognizedinthestatementofproftandloss 454.95 87.45 28.21
Previous Year 2010 -11 (ìncrore)
LOSS:
Pension
Fund
Gratuity
Fund
Leave
Encashment
InterestCost 147.45 42.40 18.72
Expectedreturnonplanassets (202.07) (51.07) 0
Netactuarial(gain)/lossrecognisedintheyear 631.50 0.25 10.35
TransitionalLiabilityrecognisedintheyear 61.60 5.20 12.40
Expensesrecognizedinthestatementofproftandloss 1050.38 95.64 59.60
VIII. MOVEMENTS IN THE LIABILITY RECOGNIZED IN THE BALANCE
SHEET
Pension
Fund
Gratuity
Fund
Leave
Encashment
Openingnetliability (0.18) 0 240.60
Expenseasabove 454.95 87.45 28.21
Contributionpaid (454.77) (87.45) (50.75)
Closing net liability (0.01) 0 218.06
SHEET
Pension
Fund
Gratuity
Fund
Leave
Encashment
Openingnetliability 0 0 237.20
Expenseasabove 1050.38 95.64 59.50
Contributionpaid (1050.56) (95.64) (56.10)

124
(` i -)
IX. o r Ze ku o " kZ d s f y , j kf ' k i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
ini i n-i -~ 3863.80 755.05 218.06
ii il-ni 3375.87 655.45 0
liii (ii-i) (487.93) (99.60) (218.06)
ii nii i -ii (ril),ii (346.33) (78.52) (4.26)
ii il-ni i -i (ril),ii 9.18 (1.72) 0
(` i -)
IX. o r Ze ku o " kZ d s f y , j kf ' k i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
ini i n-i -~ 3563.00 757.00 253.00
ii il-ni 2851.00 619.00 0
liii (ii-i) (712.00) (138.00) (253.00)
ii nii i -ii (ril),ii 956.99 (17.83) (37.35)
ii il-ni i -ii (ril),ii (25.60) (5.42) 0
X.; kst u k v kf L r ; ksa d s e q[ ; l ao x Z d qy ; kst u k v f L r ; ksa d h
i zf r ' kr r k d s : i e sa i sa' ku f u f / k m i n ku f u f / k i sa' ku f u f / k m i n ku f u f / k
2011-12 2010-11
iin i | lnilni --- --- 25.00% 20.00%
i i | lnilni --- --- 29.00% 18.00%
iin i | lnilni i i | lnilni 56.00% 50.00%
ni-nii ii- i 44.00% 30.00% 44.00% 42.00%
lii -i ii 0.00% 1.00% 0.00% 1.00%
|-ini ,ii l-in llii 0.00% 18.00% 0.00% 18.00%
l| i-i i 0.00% 1.00% 2.00% 1.00%
-| -i- 0.00% 0.00% 0.00% 0.00%
100.00% 100.00% 100.00% 100.00%
(` i -)
i sa' ku f u f / k m i n ku f u f / k i sa' ku f u f / k m i n ku f u f / k
2011-12 2010-11
XI. v x y s o " kZ d s n kSj ku v a' kn ku i j m | e d k l o ksZP p v u qe ku 400.00 90.00 200.00 100.00
9 - 3 [ k. M f j i ksf V Zax , , l 1 7
iii -ii iin| l liilii i, lii i iil- i ii, iii i l- iii,
ii-,ii ln, ii ln ln li iil- r nii l,n| i i l iinil i r l i| ni-|
- n|n li ni r, l-ii r
125
(ìncrore)
IX. AMOUNT FOR THE CURRENT YEAR
Pension
Fund
Gratuity
Fund
Leave
Encashment
PresentValueofobligation 3863.80 755.05 218.06
PlanAssets 3375.87 655.45 0
Surplus(Defcit) (487.93) (99.60) (218.06)
Experienceadjustmentsonplanliabilities-(loss)/gain (346.33) (78.52) (4.26)
Experienceadjustmentsonplanassets-(loss)/gain 9.18 (1.72) 0
(ìncrore)
IX. AMOUNT FOR THE PREVIOUS YEAR
Pension
Fund
Gratuity
Fund
Leave
Encashment
PresentValueofobligation 3563.00 757.00 253.00
PlanAssets 2851.00 619.00 0
Surplus(Defcit) (712.00) (138.00) (253.00)
Experienceadjustmentsonplanliabilities-(loss)/gain 956.99 (17.83) (37.35)
Experienceadjustmentsonplanassets-(loss)/gain (25.60) (5.42) 0
X. MAJOR CATEGORIES OF PLAN ASSETS (AS
PERCENTAGE OF TOTAL PLAN ASSETS)
Pension
Fund
Gratuity
Fund
Pension
Fund
Gratuity
Fund
2011-12 2010-11
GovernmentofIndiaSecurities --- --- 25.00% 20.00%
StateGovernmentSecurities --- --- 29.00% 18.00%
GovernmentofIndiaSecuritiesandStateGovernment
Securities 56.00% 50.00% -- --
HighQualityCorporateBonds 44.00% 30.00% 44.00% 42.00%
SpecialDepositScheme 0.00% 1.00% 0.00% 1.00%
FundsmanagedbyInsurer 0.00% 18.00% 0.00% 18.00%
PrivateSectorBonds 0.00% 1.00% 2.00% 1.00%
MoneyMarket 0.00% 0.00% 0.00% 0.00%
Total 100.00% 100.00% 100.00% 100.00%
(` in crore)
Pension
Fund
Gratuity
Fund
Pension
Fund
Gratuity
Fund
2011-12 2010-11
XI. ENTERPRISE'S BEST ESTIMATE OF CONTRIBUTION
DURING NEXT YEAR 400.00 90.00 200.00 100.00
9.3 SEGMENT REPORTING (AS 17)
As per the Reserve Bank of India guidelines on Accounting Standards, the Banks operations are classifed into
Primary segment i.e. the business segment comprising of Treasury, Corporate / Wholesale Banking, Retail
BankingandOtherBankingOperationsandSecondarysegmentbeingthegeographicalsegmentcomprisingof
DomesticandInternationalasfollows:
126
i lii- ` i -)
ii i -i| ii-,ii ln ii ln ln li
2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11

lii-
532.04 758.60 1630.83 1436.91 1160.19 1034.94 87.77 61.23 3410.83 3291.68
il-n
1195.27 657.22
linn ii 2215.56 2634.46
i-|
i
52.33 0.00
i
520.93 920.39
iiii ii,
ril
0.00 0.00
l ii
1746.96 1714.07
ii|
0.00 0.00
i| il-ni
40164.51 36028.08 58731.11 49726.33 42773.35 35996.50 18.71 32.41 141687.68 121783.32
il-n il-ni
-268.49 -65.01
il-ni
141419.19 121718.31
i| ni
37544.76 32581.23 52745.33 45378.71 38207.71 32365.53 0.00 0.00 128497.80 110325.47
il-n ni
12921.39 11392.85
ni
141419.19 121718.32
Hkkx c h & HkkSx ksf y d [ k. M
n s' kh v ar j kZ" V h; d qy
2011-12 2010-11 2011-12 2010-11 2011-12 2010-11
i-
13168.27 10361.75 242.88 181.16 13411.15 10542.91
il-ni
135659.27 117374.21 5759.92 4344.11 141419.19 121718.32
ri -i i- i r| r, i| i i i| il-ni iii iiln li ni r| ri i| i ri, ls i ii i
-lrn li ni r|
127
Segment Reporting
(ìncrore)
Business
Segments
Treasury Corporate/Wholesale
Banking
RetailBanking OtherBanking
operations
Total
2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11

Result 532.04 758.60 1630.83 1436.91 1160.19 1034.94 87.77 61.23 3410.83 3291.68
Unallocated
expenses
1195.27 657.22
Operating
Proft
2215.56 2634.46
Other
unallocable
income
52.33 0.00
IncomeTaxes 520.93 920.39
Extraordinary
Proft/Loss
0.00 0.00
NetProft 1746.96 1714.07
Other
information
0.00 0.00
Segment
Assets
40164.51 36028.08 58731.11 49726.33 42773.35 35996.50 18.71 32.41 141687.68 121783.32
Unallocated
assets
-268.49 -65.01
Totalassets 141419.19 121718.31
Segment
Liabilities
37544.76 32581.23 52745.33 45378.71 38207.71 32365.53 0.00 0.00 128497.80 110325.47
Unallocated
liabilities
12921.39 11392.85
Totalliabilities 141419.19 121718.32
PartBGeographicSegments
Domestic International Total
2011-12 2010-11 2011-12 2010-11 2011-12 2010-11
Revenue 13168.27 10361.75 242.88 181.16 13411.15 10542.91
Assets 135659.27 117374.21 5759.92 4344.11 141419.19 121718.32
Segmentalexpenseshavebeenapportionedonthebasisofsegmentalassets,whereverdirectallocationisnotpossible.
Previousyearfgureshavebeenre-groupedwherevernecessary.
128
9 - 4 l ac ) i { kksa d k f o o j . k , , l 1 8
l ac a) i { kksa d s u ke r F kk c Sad d s l kF k m u d s l ac a/ k
, v u q" kaf x ; ka%
i. ; riln ll--
ii. ; -- ln l ll--
iii. ; --- ll--
c h l g ; ksx h% { ks= h; x zke h. k c Sad
i. ~ ni-
ii. nlnl ni-|i
iii. iilni ni-
l h- e q[ ; i zc a/ kd h; d kf e Zd
| -|.- i| i i li
| | i- nii ii li (s.z.zo n)
| i| ~li ii li
| | i -i ii li (o.o.zoz )
M h- n ii lii | i iilni
e kad x Sj d k; Zi ky d f u n s' kd d k u ke / kkf j r b Zf D o V h ' ks; j ksa d h l a[ ; k
1. i. i -ir 75
2 | -i ni 100
3. | lni- -ri |lin 105
lin i-| l-llin r
). -i i| il- i i ii c.s ii ll- i inni li ni (ls i rs.rz ii )
J h V h- , e - Hkl hu ] l
-n ill- (o.o.zo s.os.zoz)
li , i-ir
` 15.04ii
` 8.00ii
J h v u qi ' kad j HkV ~V kp k; Z] in ii li
li , i-ir
` 3.25ii
J h o h j ke x ksi ky ] in ii li
-n ill- (o.o.zo s.z.zo)
li , i-ir
i ll-n ilii s-| | ii;
inni
` 9.69 ii
` 6.50 ii
` 2.25 ii
` 0.85 ii
J h j kt ho _ f " k] i l
-n ill- (o.o.zo s.os.zoz)
li , i-ir
` 12.58 ii
` 3.25 ii
J h c h j kt d qe kj ] i l
-n ill- (o.o.zoz s.os.zoz)
` 3.08 ii
|) ilni i rilni i| i lin i-| -|i s is i -|i r| li ni r, lr i
lln -i i lin i-|, i - i lln - r, -|i s- | n; r|
9 - 5 i V ~V s , , l 1 9
--,li iii | n; -l-ni | ;sii |n, i r| lnln li,--i li lii i -
| nii i l-i ii |i -ii ini r|
129
9.4 RELATED PARTY DISCLOSURES (AS 18)
Names of the Related Parties and their relationship with the Bank :
a) Subsidiaries :
IndBankHousingLtd. i.
IndbankMerchantBankingServicesLtd. ii.
iii. IndfundManagementLtd.
b) Associates : (Regional Rural Banks)
PallavanGramaBank i)
SaptagiriGrameenaBank ii)
PuduvaiBharathiarGramaBank iii)
c) Key Managerial Personnel:
Shri.TMBhasin Chairman&ManagingDirector
Shri.VRamaGopal ExecutiveDirector(upto31.12.2011)
ShriRajeevRishi ExecutiveDirector
ShriBRajKumar ExecutiveDirector(from01.01.2012)
d) Shareholding of non-executive Directors:
Sl No. Name of the non-executive Director No.ofequitysharesheld
1. Dr.NKrishnaMohan 75
2 Prof.NarendraKumarAgrawal 100
3. Shri.ChintamanMahadeoDixit 105
Related Party transactions are as under:
a) RemunerationpaidtoKeyManagementPersonnelduringtheyear`64.49lakhs(previousyear`58.52lakhs)

Shri. T M Bhasin,CMD
Remunerationpaid(01.04.11to31.03.12)
PerformanceLinkedIncentive
` 15.04lakhs
` 8.00lakhs
Shri. Anup Sankar Bhattacharya,Ex-ED
PerformanceLinkedIncentive ` 3.25lakhs
Shri. V RamaGopal, Ex-ED
PLEncashmentonRetirement
GratuityPayment
` 9.69 lakhs
` 6.50 lakhs
` 2.25 lakhs
` 0.85 lakhs
Shri. Rajeev Rishi, ED
` 12.58 lakhs
` 3.25 lakhs
Shri B Raj Kumar, ED
Remunerationpaid(01.01.2012to31.03.2012) ` 3.08 lakhs
b) Thetransactionswithsubsidiariesandassociateshavenotbeendisclosedinviewofpara9ofAS-18RelatedParty
Disclosure,whichexemptsstatecontrolledenterprisesfrommakinganydisclosurepertainingtotheirtransactions
withotherrelatedpartieswhicharealsostatecontrolledenterprises.
9.5 Leases (AS 19)
Thepropertiestakenonlease/rentalbasisarerenewable/cancelableattheoptionoftheBank.TheBanksliabilities
inrespectofdisputespertainingtoadditionalrent/leaserentarerecognizedonsettlementoronrenewal.
130
9 - 6 i zf r ' ks; j v t Zu , , l 2 0
f o o j . k
2011-12 2010-11
;l-| i iii rn i i l ii (.i -)
1700.48 1667.58
;l-| ii | iln in i
429770000 429770000
- ln i nii - li ri
`39.57 `38.79
ln ;l-| i ln -~
`10.00 `10.00
9 - 7 v k; i j d j ksa d s f y , y s[ kkd j . k , , l 2 2
|-|(i-ilnn il-ni) , |-| i-ilnn ni) - i- l- i r
M hV h, @ M hV h, y l a? kV d
(` i -)
l a? kV d
31.03.2012 31.03.2011
v kL F kf x r d j v kf L r ; ka
. nni,l--ii - nii i iii
113.54 129.29
s. --i ~ii
0.00 0.56
d qy & M hV h,
113.54 129.85
v kL F kf x r d j n s; r k, a
. l-i il-ni -~ri
40.39 44.14
z. i| lnilni i
188.98 149.97
s. -- iin - i n iini rn iii
333.52 291.82
. lii l
0.00 52.33
d qy & M hV h, y
562.89 538.27
f u o y M hV h, @ M hV h, y
(449.35) (408.43)
* i lil-, sc | iii sc()(viii) nrn ii li ni s- -ilnn ni iii r| li ni r, il l i i
li ii, r i -ii| -ii ni r|
s.s v kf L r ; ksa d k v u t Zd g ksu k , , l 2 8
il-ni i l | nl-n| il-ni r, iiil-ni - -i li ni r l i| ;i;
- nii ; lii-- i; i| -|ril | ri | n; r|
o. y kHkka' k
b Zf D o V h ks; j % szz.ss i | ili, /.ro ln i (/r lnin) -niln iiii l iii li ni r| (ls i l
r /.ro (/r lnin)ln i, szz.ss i ii)
c sf e ; kn h x Sj l af p r v f ke kU; ks; j %
; i zo s.-i zoz n i -niln li-i iii ò i r, i o% nlin li ni r (ls i ò i o%
ln i )
. lli i -
i) ss.so i (ls i zs.r i ) | ili iil- r i i ii -ii ii rn | n| ili r|
ii) i lil- iin sc()(viii) nrn ll-n lii l i - ls ii - ll-n -ilnn ni i , l rz.ss i
iii) `s.c i (ls i ` z.rr i ) | ili iil- r i i ii -ii ii rn | n| ili r|

z. lli -ii | l|,li , i i ii s.zc i i -|i -ii (ls i r z.rr i ) ii|
d ze l a- v k; d k L o : i 2011-12 2010-11
1 | |-i i|| l 15.57 11.02
2 n| |-i il| l 3.19 1.08
3 - -i l 0.50 0.45
d qy 19.26 12.55
s. s.os.zoz i --;| lil-, zooc - liiln - |-i i i| --; ;i;i i i; ii ilii r| r|
. ri r| i ri, i i ii i l ls i ii i -r,, n|n li ni r|
131
9.6 Earnings Per Share (AS 20)
NetProftaftertaxavailableforequityshareholders(`Crore) 1700.48 1667.58
WeightedAverageNumberofEquityShares 429770000 429770000
Basic&DilutedEarningPerShare `39.57 `38.79
NominalvalueperEquityShare `10.00 `10.00
9.7 ACCOUNTING FOR TAXES ON INCOME (AS 22)
ThemajorcomponentsofDTA(DeferredTaxAssets)/DTL(DeferredTaxLiabilities)areasfollows:
DTA / DTL COMPONENTS
(ìnCrore)
Components 31.03.2012 31.03.2011
Deferred Tax Assets
1.Liabilitiesprovisionallowableonpayment/crystallization 113.54 129.29
2.Staffwelfareexpenses 0.00 0.56
TOTAL- DTA 113.54 129.85
Deferred Tax Liabilities
1.DepreciationonFixedAssets 40.39 44.14
2.InterestonGovernmentsecurities 188.98 149.97
3.ProvisionforWritten-offAccounts 333.52 291.82
4.SpecialReserve *0.00 52.33
TOTAL DTL 562.89 538.27
NET DTA/ DTL (449.35) (408.43)

*NoprovisionforDeferredTaxLiabilityondeductionclaimedunderSection36(1)(viii)oftheIncomeTaxAct,1961hasbeenmade
asthesameisconsideredaspermanentdifferenceconsequenttothedecisionoftheBanknottowithdrawthereserve.
9.8 Impairment of Assets (AS 28)
Fixed Assets being the non-fnancial assets possessed by the Bank are treated as Corporate Assets and not as
Cash generating units, as such there is no impairment of assets and consequently no impairment loss has been
recognized.
10 Dividend
Equity Shares: Provision for Equity Dividend represents proposed dividend at ` 7.50 (75%) per Equity Share
amountingto`322.33crorefortheyear(previousyearat`7.50(75%)perEquityShareamountingto` 322.33
crore).
Perpetual Non-Cumulative Preference Shares: The Preference Dividend proposed for the year is ` 40.00 crore,
reckonedat10%p.a.fromApril01,2011toMarch31,2012(Previousyear` 40.00croreat10%p.a.).
11 Miscellaneousincomeincludes:
i) asumof`133.30Crore(previousyear`128.15Crore)beingrecoveryinwritten-offaccounts.
ii) `52.33crorebeingreversalofDeferredTaxLiabilitycreatedintheearlieryearsinrespectofSpecialReserve
createdU/S36(i)(viii)oftheIncomeTaxAct,sinceintheopinionoftheManagementitisonlyapermanent
differenceandnotcapableofreversal.
iii) ` 134.46Crore(previousyear`146.42Crore)beingrecoveryofprocessingchargesduringtheyear.
12. Duringthecurrentyear,theBankhasearnedcommissionetc,totheextentof`19.26Croreonsale/marketingof
variousBancassuranceproducts(previousyear`12.55Crore). (ìnCrore)
Sl.No. Nature of Income 2011-12 2010-11
1 ForSellingLifeInsurancePolicies 15.57 11.02
2 ForsellingNon-lifeinsurancepolicies 3.19 1.08
3 OthersForsellingMutualFundProducts 0.50 0.45
Total 19.26 12.55
13. ThereisnooutstandingduespayablebythebanktoMSMEunitspendingbeyondthetimelimitprescribedunder
MSMEDAct,2006ason31.03.2012.
14. Previousyearsfgureshavebeenregrouped/reclassifed,wherevernecessary,toconformtocurrentyearsfgures.
132
, - i f j p ky u x r x f r f o f / k; ksa l s u d n h i zo kg
31.03.2012 H$mo
g _ m d f
31.03.2011H$mo
g _ m d f
b m^ d h m{Z b oI oHo$ A Z wg ma {Z d b b m^
17469670 1714 07 46
{Z Z {b {I V h ooVwg _ m` moO Z
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in| | in iiii
-n i
17161982
891922
3407
(106489)
15776097
716326
(10962)
(6311282)
d k; Zd kj h i wat h i f j o r Zu ksa d s i g y s i f j p ky u x r y kHk (i)
3542 04 92 2731 09 25
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{Z d oe m| _ | d {
A {J _ m| _ | d {
A ` A mp V` m| _ | d { / H$_ r
(32375960)
(154600620)
(9753431)
(64262451)
(130795690)
3969395
(ii) (19673 00 11) (19108 87 46)
n [ aMmb Z J V Xo` VmA m| _ | d { / H$_ r
O _ mA m| _ | d {
nii _ | d { / (H$_ r)
149996167
(8258408)
175765246
(13918347)
(iii) 14173 77 59 16184 68 99
n [ aMmb Z x f r f r f o / k; ksa g og {O V {Z d b Z H$Xr (i) + (ii) +
(iii)
(1957 17 60) (193 09 22)
|- {Z d oe J {V{d {Y ` m| g oZ H$Xr n d mh
A Mb A mp V` m| H$s I arX
A Mb A mp V` m| H$s {~ H$s
in| | in iiii
(1561293)
114162
(1353675)
78153
{Z d ooe J {V{d {Y ` m| g og {O V {Z d b Z H$Xr
(144 71 31) (127 55 22)
|- n [ aMmb Z J V J {V{d {Y ` m| g oZ H$Xr
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ii - l,,(-|)
(3623275)
(572266)
27724949
(3193505)
(539069)
11430118
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2352 94 08 769 75 44
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251 05 18 449 11 00
_ mM31, 2012 H$mog _ m d f Ho$ {b E Z H$Xr n d mh {d d aU
(` g t kj ksa e sa)
133
CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2012
A.CashfowfromoperatingActivities
Year ended
31.03.2012
(` in '000)
Year ended
31.03.2011
(` in '000)
NetProftasperProft&LossAccount 17469670 1714 07 46
Adjustments for :
Provisions&Contingencies
Depreciation
(Proft)/LossonSaleofAssets
Dividendreceivedfromsubsidiarycompany
IncomeTaxespaid
17161982
891922
3407
0
(106489)
15776097
716326
(10962)
0
(6311282)
OperatingProftbeforeworkingcapitalchanges (i) 3542 04 92 2731 09 25
INCREASE/DECREASE IN OPERATING ASSETS
IncreaseinInvestments
IncreaseinAdvances
Increase/decreaseinOtherAssets
(32375960)
(154600620)
(9753431)
(64262451)
(130795690)
3969395
(ii) (19673 00 11) (19108 87 46)
INCREASE/DECREASEINOPERATINGLIABILITIES
IncreaseinDeposits
Increase/(Decrease)inOtherLiabilities
149996167
(8258408)
175765246
(13918347)
(iii) 14173 77 59 16184 68 99
Net cash generated from operating Activities (i) + (ii) + (iii) (1957 17 60) (193 09 22)
B.CASHFLOWFROMINVESTINGACTIVITIES
PurchaseofFixedAssets
SaleproceedsofFixedAssets
Dividendreceivedfromsubsidiarycompany
(1561293)
114162
0
(1353675)
78153
0
Net cash generated from Investing Activities (144 71 31) (127 55 22)
C.CASHFLOWFROMFINANCINGACTIVITIES
Dividendspaid
Dividenddistributiontaxpaid
Increase/(decrease)inborrowings
(3623275)
(572266)
27724949
(3193505)
(539069)
11430118
Net cash generated from Financing Activities 2352 94 08 769 75 44
Netincrease/(Decrease)incash&cashequivalents(A+B+C) 251 05 18 449 11 00
134
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9620
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3275807
12726298
278296
3037905
67569262
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3392779
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202184
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3001695
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-| - i| i| ~li | i -i i l
li DIRECTORS:
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No.14309) (MNo.24775) (M.No.023962)
| ii l nii i . ni
(M.No.085542) (MNo.87939) (MNo.081492)
135
CASH & CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR
Cash and balances with RBI
Cashinhand
BalanceswithRBIincurrentaccount
Balances with Banks and Money at call and short notice
BalanceswithBanks
(a)incurrentaccounts
(b)inotherdepositaccounts
Moneyatcallandshortnotice(withBanks)
OutsideIndia
i)inCurrentAccounts
ii)inotherdepositaccounts
iii)Moneyatcallandshortnotice
2497111
66282274
553701
9620
0
3275807
12726298
278296
3037905
67569262
579847
13291
5496216
3392779
840523
202184
8562 31 07 8113 20 07
CASH & CASH EQUIVALENTS AT THE END OF THE YEAR
Cash and balances with RBI
Cashinhand
BalanceswithRBIincurrentaccount
3001695
60187025
2497111
66282274
BalanceswithBanks
(a)incurrentaccounts
(b)inotherdepositaccounts
Moneyatcallandshortnotice(withBanks)
OutsideIndia
i)inCurrentAccounts
ii)inotherdepositaccounts
iii)Moneyatcallandshortnotice
685262
2786
6452613
5685022
11804022
315200
553701
9620
0.00
3275807
12726298
278296
8813 36 25 8562 31 07
WmZ Place , Chennai
-| - i| i| ~li | i -i i l
li DIRECTORS:
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No.14309) (MNo.24775) (M.No.023962)
| ii l nii i . ni
(M.No.085542) (MNo.87939) (MNo.081492)
136
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n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No.14309) (MNo.24775) (M.No.023962)
| ii l nii i . ni
(M.No.085542) (MNo.87939) (MNo.081492)
|- Place -- Chennai
+| Date:11.05.2012
)
137
To
The President of India
1. WehaveauditedtheattachedBalanceSheetofINDIAN
BANKasat31stMarch2012,theProftandLossAccount
andCashFlowStatementannexedtheretofortheyear
endedonthatdate,inwhichareincorporatedthereturns
of20Branchesand34ZonalOffcesauditedbyus,1608
Branches audited by statutory branch auditors, and 3
foreign branches audited by local statutory auditors
for the sole purpose of inclusion in the consolidation.
Thebranchesauditedbyusandthoseauditedbyother
auditorshavebeenselectedbytheBankinaccordance
with the guidelines issued to the Bank by the Reserve
BankofIndia.AlsoincorporatedintheBalanceSheet
andtheProftandLossAccountarethereturnsof327
branches and 26 other offces, which have not been
subjectedtoaudit.Theseunauditedbranchesaccount
for1.12%ofadvances,5.74%ofdeposits,1.69%of
interestincomeand5.29%ofinterestexpenses.
Thesefnancialstatementsaretheresponsibilityofthe
Banks Management. Our responsibility is to express
anopiniononthesefnancialstatementsbasedonour
audit.
2. Weconductedourauditinaccordancewiththeauditing
standardsgenerallyacceptedinIndia.Thosestandards
require that we plan and perform the audit to obtain
reasonable assurance about whether the fnancial
statements are free from material mis-statement. An
audit includes examining, on a test basis, evidence
supportingtheamountsanddisclosuresinthefnancial
statements. An audit also includes assessing the
accounting principles used and signifcant estimates
made by the management, as well as evaluating the
overallfnancialstatementpresentation.Webelievethat
ourauditprovidesareasonablebasisforouropinion.
3. TheBalanceSheetandtheProftandLossAccounthave
been drawn up in Form A and B respectively of the
ThirdScheduletotheBankingRegulationAct,1949.
4. As required by the Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1970 and subject to the
limitationsofdisclosuresrequiredthereinandthelimitations
AUDITORS REPORT
oftheauditindicatedinPara(1)above,wereportthat:
a) Wehaveobtainedalltheinformationandexplanations,
whichtothebestofourknowledgeandbelief,were
necessary for the purposes of our audit and have
foundthemtobesatisfactory.
b) ThetransactionsoftheBank,whichhavecometoour
notice,havebeenwithinthepowersoftheBank.
c) The returns received from the branches and offces
of the Bank as supplemented with the information
furnished by the Management, have been found
adequateforthepurposeofouraudit.
5. In our opinion the Balance Sheet, Proft and Loss
Account and Cash Flow Statement comply with the
applicableaccountingstandards.
6. Withoutqualifyingouropinion,wedrawattentiontoNote
9.2 of Schedule 18 to the fnancial statements, which
describesdefermentofpensionandgratuityliabilityof
thebanktotheextentof`587.53crorepursuanttothe
exemptiongrantedbytheReserveBankofIndiatothe
PublicSectorBanksfromapplicationoftheprovisions
of Accounting Standard (AS) 15, Employee Benefts,
vide its circular no.DBOD.BP.BC/80/21.04.018/2010-11
dt.09.02.2011 on Re-opening of Pension Option to
EmployeesofPublicSectorBanksandEnhancementin
GratuityLimitsPrudentialRegulatoryTreatment.
7. Inouropinion,asshownbybooksofbank,andtothe
bestofourinformationandaccordingtotheexplanations
giventous:
(i) The Balance Sheet read together with Signifcant
Accounting Policies and Notes thereon is a full
andfairBalanceSheetcontainingallthenecessary
particularsandisproperlydrawnupsoastoexhibit
atrueandfairviewofstateofaffairsoftheBankas
at 31st March 2012 in conformity with accounting
principlesgenerallyacceptedinIndia.
(ii) TheProftandLossAccountreadwiththeSignifcant
AccountingPoliciesandnotesthereonshowsatrue
balance of the Proft for the year covered by the
account in conformity with accounting principles
generallyacceptedinIndia;and
(iii) TheCashFlowStatementgivesatrueandfairview
ofthecashfowsfortheyearendedonthatdate.
Place Chennai
Date:May11,2012
Registration No. 000571S Registration No. 004283S Registration No. 001676S
S PATTABIRAMAN R MAHESH K RAMESHKUMAR
(M. No.14309) (M. No.24775) (M. No.23962)
For S MOHAN & CO For A B P & ASSOCIATES For Raj K Aggarwal & Associates
Registration No. 000608N Registration No. 315104E Registration No.002585N
(M. No.85542) (M. No.87939) (M. No.81492)
138
139
- - - ,
i i - i - i
CONSOLIDATEDBALANCESHEET,
PROFITANDLOSSACCOUNTANDSCHEDULES
140
31 e kp Z2012 d ks l e kI r o " kZ d s f y , l e sf d r r qy u i k
CONSOLIDATED BALANCE SHEET AS ON MARCH 31, 2012

{d d aU Particulars A Z wg yMr g .
Schedule
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
n yO r d Xo` VmECAPITAL & LIABILITIES
n yO r Capital
A ma{j {V` mA ma A {Y e of Reserves & Surplus
A n g ` H$ {h V Minority Interest
O _ mEDeposits
CY ma Borrowings
=- : -|| =|t +|-|+ Other Liabilities & Provisions
1
2
2A
3
4
5
829.77
10080.57
14.30
120715.71
4872.86
4976.41
829.77
8856.53
14.26
105718.46
2100.37
4327.77
Hw$b Total
141489.62 121847.16
A mpV` mASSETS
Z H$X A ma ^ maVr` [ aO d ~ H$ Ho$ n mg e of
Cash & Balances with Reserve Bank of India
~ H$m| Ho$ n mg e of A ma _ mJ n a VWmA n g yMZ mn a n m` Y Z am{e
{Z d oe Investments
A {J _ Advances
A Mb A mp V` mFixed Assets
A ` A mp V` mOther Assets
6
7
8
9
10
11
6318.88
2495.81
37995.79
90330.39
1636.92
2711.83
6877.96
1685.33
34861.12
75262.19
1612.47
1548.09
Hw$b Total
141489.62 121847.16
A mH$p_ H$ Xo` VmEContingent Liabilities
12 48058.75 33943.74
d g yb r Ho$ {b E {~ b Bills for Collection
2383.27 1919.31
-r-i iii |lni Signifcant Accounting Policies 17
ii l-lii Notes on Accounts 18
+ lin li n -i i li n r
Schedules refered to above form an integral part of the Balance Sheet.
(ì i - )
(` in Crore)
WmZ Place , Chennai
VmarI Date : 11.05.2012
-| - i| i| ~li | i -i i l
li DIRECTORS:
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No. 14309) (M No.24775) (M.No. 023962)
| ii l nii i . ni
(M.No. 085542) (M No.87939) (M No.081492)
141
31 e kp Z2012 d ks l e kI r o " kZ d s f y , l e sf d r
CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2012
{d d aU Particulars
A Z wg yMr
Schedule
31.03.2012 H$mog _ m d f
Y E 31.03.2012
31.03.2011 H$mog _ m d f
Y E 31.03.2011
I. A m` Income
A {O V ` mO Interest earned
A ` A m` Other Income
13
14
12227.72
1247.04
9362.76
1188.06
Hw$b Total 13474.76 10550.82
II. ` ` Expenditure
` ` {H$` mJ ` m` mO Interest expended
n [ aMmb Z J V ` ` Operating Expenses
n md Y mZ Ed A mH$p _ H$VmEProvisions & Contingencies
15
16
7806.36
2195.59
1726.22
5320.03
1935.79
1566.85
Hw$b Total 11728.17 8822.67
III. d f l g _ yh g o g ~ {Y V g _ o{H$V {Z d b b m^ / ( h m{Z )
Consolidated Proft/(loss) for the year attributable to the group
il- - i i Share of earnings in Associates
A n g ` H$ {h V Minority Interest
A J mZ rV b m^ / ( h m{Z ) Proft/(Loss) brought forward

1746.59
19.28
-0.04
1765.83
125.75
1728.15
13.77
3.49
1745.41
99.25
Hw$b {Z d b b m^ Total Net Proft 1891.58 1844.66
IV. {d {Z ` moO Z Appropriations
{Z Z H$moA V[ aV Transfer to
g m{d {Y H$ [ aO d Statutory Reserves
n yO r [ aO d - A ` Capital Reserves-Others
i lil- | iii 36(1)(viii) nnn lii l
Spl.Reserve u/s 36(1)(viii) of Income Tax Act
li l Investment Reserves
amO d [ aO d Revenue Reserves
Q>m\ $ H$ ` mU {Z {Y Staff Welfare Fund
n Vm{d V B{d Qr b m^ me Proposed Equity Dividend
n Vm{d V A {Y _ m` b m^ me Proposed Preference Dividend
b m^ me {d VaU H$a Dividend Distribution Tax
g _ o{H$V Vwb Z n H$mob oO m` mJ ` me of
Balance carried over to consolidated Balance Sheet
436.75
1.68
125.00
0.00
748.79
15.00
322.33
40.00
58.78
143.25
428.52
1.18
90.00
0.00
764.65
15.00
322.33
40.00
57.23
125.75
Hw$b {d {Z ` moO Z Total Appropriations 1891.58 1844.66
n {V e o` a A O Z i - ( _ yb Ed H$_ {H$` mJ ` m) Earnings per Share in Rs. (Basic & diluted)
40.01 39.53
-r-i iii |lni Signifcant Accounting Policies 17
ii l-lii Notes on Accounts 18
+ lin li ii ril i i li n r
Schedules refered to above form an integral part of the Proft & Loss Account.
(ì i - )
(` in Crore)
WmZ Place , Chennai
VmarI Date : 11.05.2012
-| - i| i| ~li | i -i i l
li DIRECTORS:
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No. 14309) (M No.24775) (M.No. 023962)
| ii l nii i . ni
(M.No. 085542) (M No.87939) (M No.081492)
142
A Z wg yMr 1- n yO r
SCHEDULE - 1 - CAPITAL
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I n m{Y H$V n yO r Authorised Capital
n ` oH$ ` 10/- Ho 300,00,00,000 ;l-| i
300,00,00,000 Equity Shares of Rs.10/- each
n ` oH$ ` 100/- Ho 4,00,00,000 Wm` r J a- g M` r A {Y _ m` e o` a
4,00,00,000 Perpetual Non-Cumulative Preference Shares of Rs.100/- each
3000.00
400.00
3000.00
400.00
II O mar, A {^ XV A ma A XmH$r J Bn yO r Issued, Subscribed and Paid up Capital:
) iin g aH$ma mamaI oJ E n ` oH `10/- Ho$ 34,38,20,000 ;l-| i
a) 34,38,20,000 Equity Shares of Rs.10-/ each held by Government of India
|) O Z VmmamaI oJ E n ` oH$ `10/- Ho$ 8,59,50,000 ;l-| i
b) 8,59,50,000 Equity Shares of Rs.10-/ each held by Public
343.82
85.95
343.82
85.95
Hw$b TOTAL
429.77 429.77
A {Y _ m` e o` a Preference Shares:
H|$Xr` g aH$ma mamaI oJ E n ` oH$ `100/- Ho$ 4,00,00,000 - Wm` r J a g M` r A {Y _ m` e o` a
4,00,00,000 Perpetual Non-Cumulative Preference Shares of Rs.100/- each held
by Government of India
400.00 400.00
Hw$b TOTAL
829.77 829.77
A Z wg yMr 2- A ma{j {V` mA ma A {Y e of
SCHEDULE - 2 - RESERVES AND SURPLUS
{d d aU Particulars
31.03.2012
H$mo
As on
31.03.2012
31.03.2011
H$mo
As on
31.03.2011
g m{d {Y H$ A ma{j {V` m Statutory Reserves
n yO rJ V A ma{j {V` m- n wZ _ y ` mH$Z Capital Reserves-Revaluation
n yO rJ V A ma{j {V` m- A ` Capital Reserve -Others
e o` a n r{_ ` _ Share Premium
{Z d oe [ aO d Investment Reserve
amO d A ma A ` n ma{j V {Z {Y ` mRevenue and other Reserves
A m` - H$a A {Y {Z ` _ H$r Y mam36(1)(viii) Ho o $ A VJ V {d e o f [a O d Spl. Reserve u/s 36(1)(viii) of Income Tax Act
A m` - H$a A {Y {Z ` _ H$r Ymam36(1)(viii a) Ho o $ A VJ V {d e o f [a Od Spl. Reserve u/s 36(1)(viii a) of Income Tax Act
b m^ Ed h m{Z ii Proft & Loss account
2643.76
1164.03
63.50
696.20
39.92
4876.71
395.00
58.20
143.25
2207.01
1194.56
61.82
696.20
39.92
4200.10
272.97
58.20
125.75
Hw$b TOTAL
10080.57 8856.53
A Z wg yMr 2, - A n g ` H$ {h V
SCHEDULE - 2A - MINORITY INTEREST
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
_ yb C _ - A Z wf J r H$mg ~ Y CX^ d h moZ oH$s VmarI n a A n g ` H$ {h V
Minority interest on the date on which the parent-subsidiary relationship came
into existence
n ad Vu d { / K Q>md Subsequent increase/decrease
3.27
11.03
3.27
10.99
Vwb Z n H$s VmarI n a A n g ` H$ {h V Minority interest on the date of balance sheet
14.30 14.26
(ì i - )
(` in Crore)
(ì i - )
(` in Crore)
(ì i - )
(` in Crore)
143
A Z wg yMr 3- O _ mE
SCHEDULE - 3 - DEPOSITS
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
( ) I. _ mJ O _ mam{e ` mA.I. Demand Deposits
i. ~ H$m| g From Banks
ii. A ` g From others
II. ~ MV ~ H$ O _ mam{e ` m Savings Bank Deposits
III. g md {Y O _ mam{e ` mTerm Deposits
i. ~ H$m| g From Banks
ii. A ` m| g From others
42.25
6922.50
29941.94
2670.66
81138.36
71.22
6364.58
26270.56
1913.82
71098.28
Hw$b , ( I, II d III) Total A (I, II & III)
120715.71 105718.46
( c h) I. ^ maV _ | e mI mA m| H$s O _ mEB.I.Deposits of branches in India
II. ^ maV Ho$ ~ mh a e mI mA m| H$s O _ mEDeposits of branches outside India
115683.62
5032.09
102246.25
3472.21
Hw$b c h ( I d II) Total B (I & II)
120715.71 105718.46
A Z wg yMr 4- CY ma
SCHEDULE -4 - BORROWINGS
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. ^ maV _ | CY ma Borrowings in India
i. ^ m[ a ~ H$ RBI
ii. A ` ~ H$ Other Banks
iii. A ` g WmEA ma A {^ H$aU Other Institutions and Agencies
II. ^ maV Ho$ ~ mh a CY ma Borrowings outside India
150.00
320.04
1492.88
2909.94
100.00
0.02
1624.47
375.88
Hw$b ( I d II) Total (I & II)
4872.86 2100.37
D $n a I A ma II _ | e m{_ b n {V^ yV CY ma Secured borrowings included in I & II above e y` NIL e y` NIL
A Z wg yMr 5- A ` Xo` VmEA ma md Y mZ
SCHEDULE -5 - OTHER LIABILITIES AND PROVISIONS
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. Xo` {~ b Bills Payable
II. A Va H$m` mb ` g _ m` moO Z ( {Z d b ) Inter-Offce adjustments(net)
III. Cn {MV ` mO Interest Accrued
IV. A ` ( n md Y mZ m| g {h V) Others(including provisions)
774.48
0.00
799.92
3402.01
711.25
72.35
547.45
2996.72
Hw$b Total
4976.41 4327.77
A Z wg yMr 6- Z H$X A ma ^ maVr` [ aO d ~ H$ _ | e of
SCHEDULE -6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. h mW _ | Z H$Xr ( {d Xo e r _ w X mZ mo Q>m| g {h V) Cash in hand (including foreign currency notes)
II. ^ maVr` [ aO d ~ H$ _ | e of - Mmb yI mVo_
Balances with Reserve Bank of India - in Current Account
300.18
6018.70
249.73
6628.23
Hw$b (I d II) Total (I & II)
6318.88 6877.96
(ì i - )
(` in Crore)
(ì i - )
(` in Crore)
(ì i - )
(` in Crore)
(ì i - )
(` in Crore)
144
A Z wg yMr 7-~ H$m| _ | e of Ed _ mJ VWmA n g yMZ mn a m` Y Z am{e
SCHEDULE -7 - BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. ^ maV _ In India
(i) ~ H$m| _ | e of Balances with Banks
( ) Mmb yI mVm| _ (a) in Current Accounts
( |) A ` O _ mI mVm| _ b) in Other Deposit Accounts
(ii) _ mJ n a VWmA n g yMZ mn a Y Z am{e Money at call and short notice
( ) ~ H$m| _ (a) with Banks

69.85
0.28

645.26

56.33
0.96

0.00
Hw$b ( I) Total (I)
715.39 57.29
II. ^ maV Ho$ ~ mh a Outside India
(i) Mmb yI mVo_ | in Current Account
(ii) A ` O _ mI mVm| _ | in Other Deposit Accounts
(iii) _ mJ n a VWmA n g yMZ mn a Y Z am{e Money at call and short notice
568.50
1180.40
31.52
327.58
1272.63
27.83
Hw$b Total (II)
1780.42 1628.04
Hw$b ` moJ ( I d II ) Grand Total (I&II)
2495.81 1685.33
A Z wg yMr 8- {Z d oe
SCHEDULE -8- INVESTMENTS
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. ^ maV _ | f u Eu e sa {Z d oe Investments in India in
i. g aH$mar n {V^ y{V` m Government securities
ii. A ` A Z w_ mo{XV n {V^ y{V` mOther approved securities
iii. e o` a Shares
iv. {S>~ |Ma A ma ~ mS> Debentures and Bonds
v. g h ` moJ r g WmA m| _ | {Z d oe Investment in Associates
vi. A ` Others
29699.85
43.12
464.13
1192.44
102.28
5027.21
26319.82
105.93
552.77
1356.84
158.16
5397.68
Hw$b Total 36529.03 33891.20
II. ^ maV Ho$ ~ mh a {Z Z _ | {Z d oe Investments outside India in
i. g aH$mar n {V^ y{V` m( WmZ r` n m{Y H$m{a` m| g {h V)
Government securities (including local authorities)
ii. g h ` moJ r g WmA m| _ | {Z d oe Investments in Associates
iii. A ` {Z d oe ( {d {Z {X {H$E O mE) Other investments (to be specifed)
e o` a (a) Shares
| F $U n {V^ y{V` m(b) Debt Securities
1356.18
0.00
0.99
109.59
795.18
0.00
1.36
173.38
Hw$b Total 1466.76 969.92
Hw$b ` moJ ( I + II) Grand Total (I&II) 37995.79 34861.12
III. ^ maV _ | {Z d oe Investments in India
(i) {Z d oe m| H$mg H$b _ y ` Gross value of Investments
(ii) _ y ` h mg Ho$ {b E n md Y mZ m| H$m` moJ Aggregate of Provisions for Depreciation
(iii) {Z d b {Z d oe Net Investment
36781.42
252.39
36529.03
34097.86
206.66
33891.20
IV. ^ maV Ho$ ~ mh a {Z d oe Investments outside India
{Z d oe m| H$mg H$b / {Z d b _ y ` Gross/Net value of Investments
1466.76 969.92
Hw$b Total
37995.79 34861.12
(ìi -)
(` in Crore)
(ì i - )
(` in Crore)
145
A Z wg yMr 10-A Mb A mpV` m
SCHEDULE -10- FIXED ASSETS
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. n [ ag a Premises
n yd d Vu Vwb Z - n mZ wg ma b mJ V / n wZ _ y ` mH$Z n a At cost/revaluation as per last Balance Sheet
d f Ho$ XmamZ O moS>/ g _ m` moO Z Additions / adjustments during the year
d f Ho$ XmamZ H$Qm{V` mDeductions during the year
CV VmarI VH$ _ y ` mg Depreciation to date
1498.51
52.91
0.00
239.03
1494.70
3.81
0.00
203.20
{Z d b _ y ` Net Value
1312.39 1295.31
I , . {Z _ mU mY rZ n [ ag a IA.Premises under Construction
5.27 55.31
II. A ` A Mb A mpV` m( \ ${Z Ma / { \ $g Ma g {hV) Other Fixed Assets(including furniture & fxtures)
At cost as per last Balance Sheet
d f Ho$ XmamZ O moS>Additions during the year
d f Ho$ XmamZ H$Qm{V` mDeductions during the year
+- -|t o -= --r|= Depreciation to date
866.07
154.20
23.97
677.04
786.37
98.56
19.04
604.04
319.26 261.85
II ( , ) n Q >Q>mH $V A mpV` mII A.Leased Assets
At cost as per last Balance Sheet
d f Ho $ Xm amZ Omo S>Additions during the year
md Y mZ m| g {hV d f Ho $ Xm amZ H$Qm {V` m Deductions during the year including provisions
C $ VmarI VH$ _ y ` mg Depreciation to date
19.79
0.00
0.00
19.79
21.79
0.00
2.00
19.79
0.00 0.00
Hw$b ( I , I( , $) , II d II( , $) ) Total (I,IA,II,&IIA)
1636.92 1612.47
A Z wg yMr 9-A {J _
SCHEDULE -9- ADVANCES
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
. A. (i) H$` {H$E J E A ma ^ wZ m` oJ E {~ b Bills Purchased and discounted
(ii) amooH$S>CY ma, A mod a S>m Q>A ma _ mJ n a n wZ X}o` CY ma
Cash credits, overdrafts and loans repayable on demand
(iii) g md {Y CY ma )Term Loans
(iv) A ` Others
2294.44
36057.58
51978.12
0.25
2092.93
26948.12
46221.13
0.01
Hw$b ( A ) Total (A)
90330.39 75262.19
|. B. (i) _ yVA mp V` m| mamn {V^ yV ( Bg _ | ~ h r ~U m| Ho$ {d A {J _ e m{_ b h )
Secured by tangible assets(includes advances against book debts)
(ii) ~ H$ / g aH$mar J ma {Q>` m| mamg a{j V Covered by Bank / Government Guarantees
(iii) A n {V^ yV Unsecured
67144.28
5580.20
17605.91
58441.56
4801.20
12019.43
Hw$b ( c h) Total (B)
90330.39 75262.19
|. C. I ^ maV _ | A {J _ Advances in India
(i) n mW{_ H$Vmj o Priority Sector
(ii) g md O {Z H$ j o Public Sector
(iii) ~ H$ Banks
(iv) A ` Others
29789.23
41.24
0.00
55648.74
25804.35
4981.25
0.00
41358.40
Hw$b ( l h& v kb Z) Total (C-I)
85479.21 72144.00
(II). ^ maV Ho$ ~ mh a A {J _ Advances outside India
(i) ~ H$m| g oXo` Due from Banks
(ii) A ` g oXo` Due from Others
() Ho$V Ed ~ Q>Q>mH$V {~ b (a) Bills Purchased & discounted
(|) g m_ y{h H$ F $U (b) Syndicated Loans
(|) A ` (c) Others
110.74
1230.02
2223.04
1287.38
24.27
795.88
1415.87
882.17
Hw$b ( l h - II ) Total (C-II)
4851.18 3118.19
Hw$b ` moJ ( l h I + l h II) Total (CI+CII)
90330.39 75262.19
(ìi -)
(` in Crore)
(ìi -)
(` in Crore)
146
A Z wg yMr 12- A mH$p_ H$ Xo` VmE
SCHEDULE -12- CONTINGENT LIABILITIES
{d d aU Particulars 31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. ~ H$ Ho$ {d Xmd o{O h | F $U Ho$ $n _ | d rH$ma Z h t {H$` mJ ` mh (l)
Claims against the Bank not acknowledged as debts (Net)
II. A e Vn XV {Z d oe m| Ho$ {b E Xm{` d Liability for partly paid Investments
III. ~ H$m` md m` Xm{d {Z _ ` g {d XmA m| Ho$ ii Xm{` d
Liability on account of outstanding forward exchange contracts
IV. g K Q>H$m| H$s A moa g oXr J BJ ma{Q>` m Guarantees given on behalf of constituents
) ^ maV _ | (a)In India
| ) ^ maV Ho$ ~ mh a (b)Outside India
V. d rH${V` m, n >mH$Z A ma A ` Xm{` d
Acceptances, endorsements and other obligations
VI. A ` _ X| {O Z Ho$ {b E ~ H$ A mH$p _ H$ $n g oCVaXm` r h
Other items for which the bank is contingently liable
126.98
17.68
33192.47
9244.93
132.64
4351.30
992.75
124.08
19.40
19506.31
9803.05
40.61
3777.70
672.59
Hw$b Total
48058.75 33943.74
A Z wg yMr 13- A {O V ` mO
SCHEDULE -13- INTEREST EARNED
{d d aU Particulars
31.03.2012 H$mog _ m d f
Y E 31.03.2012
31.03.2011 H$mog _ m d f
Y E 31.03.2011
I. A {J _ m| / {~ b m| n a ` mO / ~ Q>Q>mInterest/discount on advances/bills
II. {Z d oe m|| n a A m` Income on Investments
III. ^ maVr` [ aO d ~ H$ Ho$ n mg e of A ma A ` A Va ~ H$ {Z {Y ` m| n a ` mO
Interest on balances with Reserve Bank of India and other
inter-bank funds
IV. A ` Others
9420.26
2790.33
17.13
0.00
7099.01
2230.54
33.17
0.04
Hw$b Total
12227.72 9362.76
A Z wg yMr 11- A ` A mpV` m
SCHEDULE -11- OTHER ASSETS
{d d aU Particulars
31.03.2012 H$mo
As on 31.03.2012
31.03.2011 H$mo
As on 31.03.2011
I. n ii -ii (l) Inter Offce Adjustment (net)
II. Cn {MV ` mO Interest accrued
III. A {J _ $n g on XV H$a / moV n a H$mQ>mJ ` mH$a (l)
Tax paid in advance/tax deducted at source (net)
IV. b oI Z g m_ J r Ed Q>mn Stationery and stamps
V. Xmd m| H$s g Vw{ >g on m H$s J ` r J a ~ H$H$mar A mp V` m
Non-banking assets acquired in satisfaction of claims
VI. A m W{J V H$a A mp V` m(l) Deferred Tax assets (Net)
VII. A ` Others
173.23
604.06
506.42
14.01
21.48
1376.64
15.99
0.00
468.60
15.32
13.30
22.82
5.74
1022.31
Hw$b Total
2711.83 1548.09
(ìi -)
(` in Crore)
(ìi -)
(` in Crore)
(` ii -)
(` in Crore)
147
A Z wg yMr 14- A ` A m`
SCHEDULE -14- OTHER INCOME
{d d aU Particulars
31.03.2012 H$mog _ m d f
Y E 31.03.2012
31.03.2011 H$mog _ m d f
Y E 31.03.2011
I. =- n+, |-|+- =|t :=|= Commission , exchange and brokerage
II. |+- n| = |-= +t =| (|+-=) Proft on sale of Investments(net)
III. |+- n| = ++- -|=+ +t =| (|+-=)
Proft on Revaluation of Investments (net)
IV. |-, -+ =|t =- =||--| = |-= +t =|(|+-=)
Proft on sale of land, buildings and other assets(Net)
V. |-|+- =-r|t| +t =| (|+-=) Proft on exchange transactions(net)
VI. ) + |-|-- { |=t|| ot : = =|
a) Lease fnance / Hire Purchase income
|)|-: n { |t- - =+|+| -| { | n +=-| = =||n =||: = = t| =|= - =|
b) Income earned by way of dividends etc. from companies and/ or
joint ventures abroad/ in India
VII. |-|- =| Miscellaneous Income
268.53
108.63
0.00
-0.84
173.80
0.90
11.56
684.46
335.53
147.70
0.00
1.10
147.22
0.72
8.39
547.40
Hw$b Total
1247.04 1188.06
A Z wg yMr 16- n [ aMmb Z ` `
SCHEDULE -16- OPERATING EXPENSES
{d d aU Particulars 31.03.2012 H$mog _ m d f
Y E 31.03.2012
31.03.2011 H$mog _ m d f
Y E 31.03.2011
I. H$_ Mm[ a` m| H$mo^ wJ VmZ A ma CZ Ho$ {b E n md Y mZ
Payments to and provisions for employees
II. {H$am` m, H$a A ma amoe Z r Rent, taxes and lighting
III. _ wXU A ma b oI Z g m_ J r Printing and stationery
IV. {d k mn Z A ma n Mma Advertisement and publicity
V. H$) n Q>Q>mH$V A mp V` m| g oA ` ~ H$ H$s g n pV n a _ y ` h mg
(a) Depreciation on Banks property other than Leased Assets
I ) n Q>Q>mH$V A mp V` m| n a _ y ` h mg (b) Depreciation on Leased Assets
VI. {Z Xoe H$m| H$s \ $sg , ^ VoA ma ` ` Directors fees, allowances and expenses
VII. b oI mn arj H$m| H$s \ $sg A ma ` ` ( e mI mb oI mn arj H$m| H$s \ $sg A ma ` ` g {h V)
Auditors fees and expenses (including branch auditors fees and expenses)
VIII. {d {Y n ^ ma Law charges
IX. S>mH$, Vma, Qo>b r\ $moZ , A m{X Postage, telegrams, telephones, etc.
X. _ a_ V A ma A Z waj U Repairs and maintenance
XI. ~ r_ mInsurance
XII. A ` ` ` Other expenditure
1488.66
157.31
21.89
9.61
89.73
0.27
0.61
17.24
9.65
14.76
52.90
100.08
232.88
1337.92
132.01
19.63
10.39
72.27
0.30
0.43
15.93
6.67
11.50
42.46
83.37
202.91
Hww$b Total
2195.59 1935.79
A Z wg yMr 15- ` ` {H$` mJ ` m` mO
SCHEDULE -15- INTEREST EXPENDED
{d d aU Particulars
31.03.2012 H$mog _ m d f
Y E 31.03.2012
31.03.2011 H$mog _ m d f
Y E 31.03.2011
I. O _ mA m| n a ` mO Interest on deposits
II. ^ maVr` [ aO d ~ H$ / A Va ~ H$ CY mam| n a ` mO
Interest on Reserve Bank of India/inter-bank borrowings
III. A ` Others
7453.59
332.94
19.83
5128.34
175.54
16.15
Hw$b Total
7806.36 5320.03
(ìi -)
(` in Crore)
(ìi -)
(` in Crore)
(ìi -)
(` in Crore)
148
v u ql wp h & 1 7
e q[ ; y s[ kkad u u hf r ; ka
(-ln ii zoz)
1 y s[ kkad u i zF kk %
1.1 l-n| li lnril inn ii i - | iii i i -ii ~i iii ni l in r nii
iin| iiiii i - iin - ln illi iiii ,lni r nii li| iiiii i - ii
ni i lin ii - ln ili iiii ,lni r|
2 l e sd u d h i zf z; k %
2.1 (- -ii | ilni) -ln l-n| li, ;l (- -ii) i | ilni, ii () ;
riln ll-- (z) ; -- ln l ll--, (s) ; --- ll-- ii |lin l-n| lii
iii , n -r i i in l n ii , rili i si i ii -ii ni l n
r | - -ii | lil-n ni|i n ilni l-n| li i| i n r |
2.2 ilni i rin| -ii, lin lli- iliili ,ii liiln illi iii i iii |lni i
i n| r| iii lin | lli iii |lni i - in r lii , illi iii
lin iii |lni i in r -ln l-n| li ni l n r|
2.3 - -ii i iiln -ii - li l r; inn i | ni|i i in| -ii - - -ii | ;l-| - n
i l-n| li - | l , nl - li ini r| i ii , rili - - -ii i i
-ii, i- l ii li ini r |
2.4 li l lii- i in| -ii | l-n - ~ r ii l l-ni i r i ilnn r i
~i i r |
2.5 il- - li i lri ilii |lin l-n| lii iii i;|i; ,ii i| iii -i
(zs) -ln l-n| lii - il- - li l ii i ;l-| ,ln nrn li ini r|
3 f o n s' kh f o f u e ; l s l ac af / kr y su n su
3.1 iin| lii i n -iln li| li li| -i i i ii, iin| | iii -ii (i;|i;)
,ii i| iii -i ( ) i li ini r|
3.2 l e kd f y r f o n s' kh i f j p ky u ksa d s e ke y s e sa i f j o r Zu e wY k l aL F kk
3.2.1 li| -i | ili i ;li (i;) ,ii liln inilr (i) li| ll- l
in r|
3.2.2 li| -i - il-ni nii i ln, iin i ,ii liln -i i li ini r|
3.2.3 li| -i - -|lni, -i i ini i nil-i i iin i ,ii liln -i i ii ini r|
3.2.4 l-n| i n - li| -i - i| n| il-ni nii l-i ln -i ll- n i, i -
r| i i - rii ini r - rin r|
3.2.5 ii ii ll- i i -|i linn i li ini r nii i | -i i i -~i li ini
r lii- | ri, ii ril i l li ini r|
3.3 x +Sj & l e kd f y r f o n s' kh i f j p ky u d s l ac a/ k e sa i f j o r Zu e wy l aL F kk
l i| iiiii i n| i, n -iln l i| li - li ni r i l-n| lii i ln l-n li ini r
3.3.1 il-- ni lrn il-ni nii i ln i ,ii iin liln i li ini r|
3.3.2 i i ln i ,ii lin ln-ir| n liln ln-ir| in -i li ini r|
3.3.3 l lii l-i n -i i| ll- n i llnii lli i- i lli - ln ii ini r|
149
SCHEDULE - 17
SIGNIFICANT ACCOUNTING POLICIES
(Consolidated Accounts 2011-12)
1. ACCOUNTING CONVENTION
1.1 The fnancial statements are prepared on an accrual basis by following the going concern concept on historical cost
convention and conform to the statutory provisions and practices prevailing in India unless otherwise stated and in
respect of foreign branches as per statutory provisions and practices prevailing in the respective countries.
2. CONSOLIDATION PROCEDURE
2.1 Consolidated fnancial statements of the Bank (parent and its subsidiaries) have been prepared on the basis of
audited fnancial statements of Indian Bank (parent) and its subsidiaries viz. (1) Ind Bank Housing Ltd, (2) Indbank
Merchant Banking Services Ltd. (3) Indfund Management Ltd after eliminating intra group transactions and
unrealised profts/losses and making necessary adjustments. The fnancial statements of the subsidiaries are drawn
up to the same reporting date of the parent.
2.2. The Subsidiaries and Associates follow Accounting Policies as prescribed by the respective regulatory authorities
and as per statutory requirements. In view of such diverse accounting policies required to be followed, the
consolidated fnancial statements have been prepared by adopting the respective accounting policies of the
mandated / statutory requirements.
2.3. The difference between the cost to the parent of its investment in subsidiary entity and the parents portion of its equity
in the subsidiary with reference to the date of acquisition is recognised in the consolidated fnancial statement as Capital
Reserve/Goodwill. The parents share in the post acquisition profts/losses is adjusted against the Revenue Reserve.
2.4. The minority interests in the net result of the operation and the asset of the subsidiary, represent that part of proft
and the net asset attributable to the minorities.
2.5. Investments in Associates are accounted for under the Equity Method as per Accounting Standard (AS 23) -
Accounting for Investments in Associates in Consolidated Financial Statements issued by ICAI based on the
audited Financial Statements of the Associates.
3 TRANSACTIONS INVOLVING FOREIGN EXCHANGE
3.1 Foreign Currency transactions of Indian operations and non-integral foreign operations are accounted for as per
Accounting Standard-11 (AS-11) issued by the Institute of Chartered Accountants of India (ICAI).
3.2 Translation in respect of Indian operations (PARENT)
3.2.1. Foreign exchange transactions are recorded at the Weekly Average Rate ( WAR) notifed by Foreign Exchange
Dealers Association of India ( FEDAI).
3.2.2. Foreign currency assets and liabilities are translated at the closing rates notifed by FEDAI at the year end.
3.2.3. Acceptances, endorsements and other obligations and guarantees in foreign currency are carried at the closing
rates notifed by FEDAI at the year end.
3.2.4. Exchange differences arising on settlement and translation of foreign currency assets and liabilities at the end of
the fnancial year are recognized as income or expenses in the period in which they arise.
3.2.5. Outstanding forward exchange contracts are disclosed at the contracted rates, and revalued at FEDAI closing rates,
and the resultant effect is recognized in the Proft and Loss account.
3.3 Translation in respect of non-integral foreign operations (PARENT)
Foreign branches are classifed as non-integral foreign operations and the fnancial statements are translated as follows:
3.3.1. Assets and liabilities including contingent liabilities are translated at the closing rates notifed by FEDAI at the year
end.
3.3.2. Income and expenses are translated at the Quarterly Average Closing rate notifed by FEDAI at the end of the
respective quarter.
3.3.3. All resulting exchange differences are accumulated in a separate account Exchange Fluctuation Fund till the
disposal of the net investments.
150
4. f u o s' k
e wy l aL F kk %
4.1 li liin i iin| l liilii i l-llin n| ni - n|n li ni r
lni l i n (-|-)
l| rn i ()
ii l i n (-|)
lni n i i ii ii in | n; lnilni i -|- n nnn n|n li ni r| ~ili
-~,i - nii ii -i ii ii ii in | n; lnilni i -| n - n|n
li ni r| i| lnilni i n ii ni - r| in| r, r, n - n|n li ni r|
4.1.1 -|- n - i| n| lnilni | l| in ii i r ii ril i - li ini r i i - | ilin|
i - lliln li ini r nii ril, l ri, i ii ril i - iiln li ini r
4.1.2 iin - li i -~i iin| l liilii - l-ii li ini r
i) **, p V h, e ** n - lniln i -~i | inn li ini r li -i-i - ri ln -~ inn
li rin| ri, -i- -, ln -~ inn | | lini i lni | ii li - liilin li ini
r| ilni , n n-i - lr -|- n - iil- li ni r, lii -~ -, -ii; ln ii l|
ri | ri | n; r i iii li ni r| ri i liii i ; l iii - li rn n
li i ri r|
ii) **, , Q , l ** n - lii i -~i, ii -~ , ln-ir| ni l-i nii n|ii li ini r| l i;
l -~ri ri, ni iiril i - ili- li ini r, l l| l -~l, ri | ii | in|
r| ; n - ii i ln i ln lnilni r| -~ - i; ln r| li ini r|
iii) *, p , Q V +h** n - i| n; ln lnilni i l ni ii i ln li ini r| l -~ri, l i;
ri, ni ii ril i - i iii li ini r l l -~l,, l i; ri, i r| li ini r| ;
n - ln lnilni r| -~ - i; ln r| rini r|
iv) **, , Q , l ** , o a **, p , Q V h** i zo x ksaZ e sa i zf r Hkwf r ; ksa d k e wY ; kad u f u Eu o r ~ f d ; k x ; k g S %
) i;-| | ili i ;li (||i;) i l- ;- -| -i- i li;l- ili i ;li
(i;--|) ,ii n iilin l n i i | lnilni i -~i, -~ , i;-|-
i li ini r|
|) i i i -i ln lni lni i - ~i , i; -|- ,ln i in n r i ||i; , i; --| ,ii
i| n; -n ~ lni | i | lni lni ln zr l i; - in r ili li ini r |
|) i- ri ;l-| ii i -~i ii -~ li ini r| i- rii ;l-| ii i -~
(-~ l, l ri, i l li), | |n- n (-~ | ni|i i r i ri),
iii -~iln li ini r| ii ii i -~i ln | ` i li ini r|
|) i- ri li-i ii i -~i ii -~ li ini r, ii -ln i;-|- i ii iii -~
iii liiln -~, ii - i i| - ri, -~ li ini r|
;) ln-i - r li nii ii ii, i| li nii ii i -~i i;-|- iii li ini r|
) iii li, -i -ii i nii ilil inini i -~i | ii inn li ini r|
|) i - ri - i | l-i i - ~i i i - ~ li ini r, ii i| - ~ ii l il-n - ~
(|) i i - i i| - ri , - ~ li ini r| l llii i; li - r , ri i|| - ~ , i i
i - i r| ri ni , l-i i - ~i | ii i; li | -iln n | inn li ini r|
4.1.3 li| iiiii ,ii l n lii i -~i lin ii - ln ,ln i rini r|
151
4. INVESTMENTS
PARENT
4.1. The investment portfolio of the Bank is classifed in accordance with the RBI guidelines into three categories viz.,
Held To Maturity (HTM)
Available For Sale (AFS)
Held For Trading (HFT)
The securities acquired with the intention to be held till maturity are classifed under HTM category. The securities
acquired with the intention to trade by taking advantage of shortterm price/interest movements are classifed as
HFT. All other securities which do not fall under any of the two categories are classifed under AFS category.
4.1.1 Proft on sale of securities under HTM category is frst taken to Proft and Loss account and thereafter appropriated
to Capital Reserve account (net of taxes and amount required to be transferred to statutory reserves) and loss, if any,
charged to Proft & Loss account.
4.1.2 Investments in India are valued in accordance with RBI guidelines, as under:
i. Securities in HTM category are valued at acquisition cost except where the acquisition cost is higher than the
face value, in which case, such excess of acquisition cost over the face value is amortised over the remaining
period of maturity. Any diminution, other than temporary, in value of investments in subsidiaries/joint ventures
which are included under HTM category is recognized and provided. Such diminution is being determined and
provided for each investment individually.
ii. Investments in AFS category are marked to market, scrip-wise and classifcation wise, at quarterly intervals. Net
depreciation, if any, is provided for in the Proft and Loss account while net appreciation, if any, is ignored. The
book value of the individual securities does not undergo any change after marking to market.
iii. The individual scrips in the HFT category are marked to market at daily intervals. Net depreciation, if any, is
provided for in the Proft and Loss account while net appreciation, if any, is ignored. The Book Value of the
individual securities in this category does not undergo any change.
iv. Securities in AFS and HFT categories are valued as under:
a) Central Government Securities are valued at prices / YTM Rates as announced by Primary Dealers
Association of India (PDAI) jointly with Fixed Income Money Market and Derivatives Association of India
(FIMMDA)
b) State Government and Other approved securities are valued applying the YTM method by marking up 25
basis points above the yields of the Central Government Securities of equivalent maturity put out by PDAI
/ FIMMDA periodically.
c) Equity shares are valued at market price, if quoted. Unquoted equity shares are valued at break-up value
(without considering revaluation reserves if any) as per the companys latest balance sheet (not more than
one year prior to the date of valuation). Otherwise, the shares are valued at ` 1 per company.
d) Preference shares are valued at market price, if quoted; otherwise at lower of the value determined based
on the appropriate YTM rates or redemption value.
e) All debentures/bonds, other than those which are in the nature of advances, are valued on the YTM basis.
f) Treasury bills, Certifcate of deposits and Commercial papers are valued at carrying cost.
g) Units of Mutual Funds are valued at market price, if quoted; otherwise at lower of repurchase price or Net
Asset Value (NAV). In case of funds with a lock-in period, where repurchase price / market quote is not
available, units are valued at NAV, else valued at cost till the end of the lock-in period.
4.1.3 Investments of Foreign Branches are valued as per the practice prevailing in the respective countries.
152
4.1.4 li nii ii i -~i l- i , -i so li li l ii ri, iin| l ,ii liiln
li -ii i| rin|
4.1.5 lnilni | inn - i| , -|i , iii in i-ir i i-i li ini r| lnilni i -
i | n| i| , -|i , --i i~ i i- -ii ini r|
4.1.6 iin| l liilii , i -ii (rln) l i i | i| i | nii
iii | in| r i ii i| ili nii ii i ln l in r| ili ln
-~ i i, n | ni|i i| ii i -in l i in , i i -n , ili
iii li ini| ; rii| rili l i iii li ni r, l ii l ri, i r| li ini|
i li | -iln ii ii rili i -ilnn li ini r i i| | i|, li-- li ii
lll- il-n ii ni | ii li ii - i i| - ri, lri - li ini|
4.1.7 iii li| ll- ll- i| -i i i -~i ,ii liiln -~i li ini r i l
ii-| ii i ril | ri ii i ril i - | in| r|
4.1.8 | i | ni-| in lii ln ri i| r ni| | -ii ini ni-| in | i i i
lii n| r|
4.1.9 l i , - l-n (lni ilni i iil- n r) ii i i; ili, so li li l -n
| rn| ri, ni i i ,ii -iin lnilni - li i il -i n ln-i - r| r, il-n n|i i
iii|i -ii ni| ii ini r|
4.2. v u q" kax h d ai f u ; k %
4.2.1 b aM c Sad e p saZV c Saf d ax l f o Zl st + f y f e V sM
| i i i| l i |i il l i r nii -ii| ln l ii ii |i il l ii i r i l iii i-i,
inn ii ni r | | i - l n i i i i - ~ ii i n r i i ,l i - ~ - r i i -ii| ln
- -ii r nii i - l n i i -i- - r| - ~,ln - ~, i i - i i| li ri , i -ii ni r |
4.2.2 b aM c Sad g km f l ax f y f e V sM
lii i i lii i |iil lii - n|n li ni r | i-| ii n-i liilii i lii
i -~i - li l nn inn l-n inn ii ii -~ li ni r |
4.2.3 b aM Q +aM e su st e saV f y f e V sM
lii i inn li ni r nii ;- il-- ii, --- i~ i i| ri in ri, iil- r | niil ii inn
| ni - ;l-| li ii -~ - -~ri l oo lnin i iii li ni r |
5. v kf L r o l wy h d ai f u ; ksa d ks c sp h x b Z f o Rr h; v kf L r ; ka
e wy l aL F kk
5.1. i| i | n; l-n| il-ni i - l-l-n l -ii | ,ii i| | n; lni ln | (i) - ~i lni ln |
lni - ~ i l-n| il-ni l r| - ~, i i| - ri , li ini r | lni ln | i l-l-n l -ii | ,ii
n li ii lin l l l-n - ~ - ~i ln li ini r i - ~r i i ; ri ni , l iii li ini r
i - ~ l, ri ni ln- n li ini r |
5.2. l-l-n l-ii | i | n; l-n| il-ni ii - l -|, l i; ri ni ii ril i - iii
ini r|
6. v f x ze
6.1 e wy l aL F kk
6.1.1 iin| l ,ii i| li -ii , iin - ln-i i iinii -i, -i, li nii ril i|
il-ni - n|n li ini r |
6.1.2 n li ln-i l l-ii iii l n r
) -i n lin lin, ii ni l zr lnin
|) li n
i) o.o/.zo r n|n i,i n|n lin lin l oo lnin
ii) so.oc.zo i n|n i,i n|n lin l zr lnin
iii) lin iin l oo lnin
153
4.1.4 Debentures and Bonds, where interest / principal is in arrears for more than 90 days are subject to prudential
norms prescribed by RBI.
4.1.5 Brokerages / Commission / incentive received on subscriptions are deducted from the cost of securities. Brokerage
/ Commission / Stamp duty paid in connection with acquisition of securities are treated as revenue expenses.
4.1.6 Interest Rate Swap transactions for hedging are accounted on accrual basis and transactions for trading are marked
to market at quarterly intervals. The fair value of the total swaps is computed on the basis of the amount that
would be received/ receivable or paid/ payable on termination of the swap agreements as on the balance sheet
date. Losses arising therefrom, if any, are fully provided for, while the proft, if any, is ignored. Gains or losses on
termination of swaps is deferred and recognised over the shorter period of the remaining contractual life of the
swap or the remaining life of the designated asset or liability.
4.1.7 Exchange traded FX Derivatives i.e. Currency Futures, are valued at the Exchange determined prices and the
resultant gains and losses are recognized in the Proft and Loss account.
4.1.8 Investments backed by guarantee of the Central Government though overdue are treated as Non Performing Asset
(NPA) only when the Government repudiates its guarantee when invoked.
4.1.9 Investment in State Government guaranteed securities, including those in the nature of deemed advances,
are subjected to asset classifcation and provisioning as per prudential norms if interest/ instalment of principal
(including maturity proceeds) or any other amount due to the Bank remains unpaid for more than 90 days.
4.2 SUBSIDIARY COMPANIES:
4.2.1 INDBANK MERCHANT BANKING SERVICES LTD:
The investments held are all long-term investments and are carried at cost less provision for diminution, other than
temporary in nature. The Diminution in value of shares / debentures is reckoned as permanent in nature by relying
on market value of quoted shares and book value/ fair value whichever is higher in respect of unquoted shares.
4.2.2 INDBANK HOUSING LTD:
Investments are classifed into current investments and long-term investments. Investments are valued at lower of
cost or market value for each investment individually as per NHB guidelines in force.
4.2.3 INDFUND MANAGEMENT LTD:
Investments are stated at cost including incidental charges, stamp duty and brokerage wherever applicable.
However, 100% provision is made towards depreciation in the market value of the Equity investment as compared
to the holding cost.
5. FINANCIAL ASSETS SOLD TO ASSET RECOVERY COMPANIES
PARENT
5.1 Security Receipts (SR) issued by ARCs in respect of fnancial assets sold to them is recognized at lower of
redemption value of SRs and Net Book Value of fnancial assets. SRs are valued at Net Asset Value declared
by ARCs on the Balance Sheet date and depreciation, if any, is provided for and appreciation is ignored.
5.2 The net shortfall, if any, arising on sale of fnancial assets to ARCs is charged to Proft & Loss Account.
6. ADVANCES
6.1 PARENT
6.1.1 In accordance with the prudential norms issued by RBI, advances in India are classifed into standard, sub-standard,
doubtful and loss assets borrower-wise,
6.1.2 Provisions are made for non performing advances as under:
a) Substandard category 25 % both secured and unsecured category.
b) Doubtful category-1 :
i) 100 % for secured and unsecured classifed and / or categorized before 01.07.2011.
ii) 25 % for secured classifed and / or categorized after 30.06.2011.
iii) 100% for Unsecured portion.
154
|) li n z
i) o.o/.zo r n|n i,i n|n lin lin l oo lnin
ii) so.oc.zo i n|n i,i n|n lin l o lnin
iii) lin iin l oo lnin
|) li n s i ril ln- oo lnin
6.1.3 iin| l lii i ln -i ln- lrn i| -i ln-i l iii li ni r|
6.1.4 li| iiiii i -, i liii, il-n n|i nii ~i rili l -ii| inii ii iin| l
li -i, i i| lin n r, i iii l in r |
6.1.5 -|n ln-, nli il-ni, |i;||| , ;||| ,||-|-i; in ii nii ln -ii rn i in
inni nii lli iini - i, i ni i i iini - ii, riilnni -ii i -in| i -|i| li i
-i il-ni - n|n ln iini ln -~ - i-i - l n iiii i i-i i l r|
7. v p y v kf L r ; ka@ e wY ; g kl
7.1 e wy l aL F kk %
7.1.1 l nii il-ni i lri | inn inn , -~iln ili iii nii ni r|
7.1.2 iin - i (-| | inn lrn ri r| n r| li i ni r, n r| li ni r) nii
il-ni (/..s /..r - | n; -i i si), -~ri i iii | lil- src | | XIV - ll- i
i |i| -in| ii| li ni r i -~ln il-ni i - ii ilnni i iiiln liiln i
li ini r|
7.1.3 -i (ri i i-) i lii l| iln l---i (|) -~ri | nii |i| -in| ,ln - r| -~
ss.ss% lni lri | in| r|
7.1.4 -i- i -~ri | |i| -in| ,ln - zo lnin r|
7.1.5 ii i .rooo, -~ n | ~ inn -i oo lnin -~ri i iii r|
7.1.6 i ii ln ln il-ni -~ri, so ln i i ln il-ni oo lnin nii i
ln il-ni ii| iiln li ini r|
7.1.7 -- | -| |l-- linri i - |n li ini r i --i li - liilin li ini r|
7.1.8 li| iiiii | il-ni i - -~ri i iii lin ii - ln ,ln i li ini r|
7.1.9 n ln il-ni -i- - i; -~ri iiln r| li ini r|
7.2 v u q" kax h d ai f u ; k %
7.2.1 b aM c Sad e p saZV c Saf d ax l f o Zl st + f y f e V sM %
il-ni i -inn inn , ln -~ri i iln l iii (l i; ri) i i-i nii ini r| --
| n; il-ni (l ss/ r lin) i --i -ii iin - ii l in -iiln li ini r|
e wY ; g kl
-- | n; il-ni i si il-ni
-- | n; il-ni i si il-ni |, |i| -in| ii| (-) iiin iii , | lil-,
src | | XIV - liiln i -~ri i iii n| r nii l -r| - il-n -iiln | n| r, i -r|i
-ii ini r| i- inni i, i n| ii | li l liilin li ini r|
lii nnn -n --i| il-ni
li nrn --i| il-ni i-n -~ ,ln iiin iii , | lil-, src | | XIV
- liiln i -~ri i iii li ini r nii l -r| - il-n -iiln | n| r, i -r|i -ii ini r|
iin| | iii -ii ,ii i| --i i iii -ini i- (iilin) i --i il-ni | inn i --
| li ii in liilin li ini r| illi -~ri i ili --i ii - n i -ii, --i -i
l li ini r, li -ii --i i ii li ini r|
7.2.2 b aM c Sad g km f l ax f y f e V sM
l-ni i inn |n li ini r i inn -~ri i-i liii ini r| -~ri i l |
lil- src | | XIV - | n; i -~ril-in ,ln li ini r|
155
c) Doubtful Category 2
i) 100 % for secured and unsecured classifed and / or categorized before 01.07.2011.
ii) 40 % for secured classifed and / or categorized after 30.06.2011.
iii) 100% for Unsecured portion.
d) Doubtful category-3 and Loss advances 100 %.
6.1.3 Provision is made for standard advances including restructured standard advances as per RBI directives.
6.1.4 In respect of foreign branches, income recognition, asset classifcation and provisioning for loan losses are made as
per local requirement or as per RBI prudential norms, whichever is more stringent.
6.1.5 Advances disclosed are net of provisions made for non-performing assets, DICGC/ ECGC/ CGTMSE claims received
and held pending adjustment, repayments received and kept in sundries account, participation certifcates , usance
bills rediscounted and provision in lieu of diminution in the fair value of restructured accounts classifed as standard
assets.
7. FIXED ASSETS / DEPRECIATION
7.1 PARENT
7.1.1 Premises and other fxed assets are stated at historical cost and at revalued amount in respect of assets revalued.
7.1.2 Depreciation on buildings (including cost of land wherever inseparable/ not segregated) and other fxed assets
(excluding items mentioned in 7.1.3 to 7.1.5) in India is provided for on the straight-line method at rates specifed
in Schedule XIV to the Companies Act, 1956 and at the Bank determined rates based on Residual Life in the case of
Revalued Assets. Depreciation relatable to revalued component is charged against revaluation reserve.
7.1.3 Depreciation on computers (hardware and software) and Uninterrupted Power Supply Systems (UPS) is provided at
the rate of 33.33% per annum on Straight Line Method (SLM).
7.1.4 The rate of depreciation on motor car is 20 % on straight line method.
7.1.5 100% depreciation is provided on all cell phones and on small value items costing upto Rs.5000/-.
7.1.6 Depreciation on fxed assets acquired on or before 30th September is charged at 100% of the prescribed rates and
at 50% of the prescribed rates on the fxed assets acquired thereafter.
7.1.7 Premium on leasehold land is capitalised in the year of acquisition and amortized over the period of lease.
7.1.8 Depreciation in respect of fxed assets at foreign branches is provided as per the practice prevailing in the respective
countries.
7.1.9 In respect of Non Banking Assets, no depreciation is charged.
7.2.1 INDBANK MERCHANT BANKING SERVICES LTD
Fixed Assets are stated at historical cost less accumulated depreciation & provision for impairment (if any). Leased
assets (Contracted prior to December 1997) are further adjusted for the balance in Lease adjustment account.
Depreciation
On Assets other than given on lease
In respect of assets other than assets given on lease, it is provided under Straight Line Method (SLM) at the rates
prescribed in Schedule XIV to the Companies Act, 1956, on pro-rata basis, the month in which the assets are installed
taken as full month. Software costs are amortised on SLM over a period of three years, from the year of acquisition.
On Assets given on lease under discontinuing operations:
In respect of Assets given on lease under discontinuing operation, depreciation is provided under WDV method at
the rates prescribed in schedule XIV to the Companies Act 1956 on pro-rata basis, the month in which the assets are
installed taken as full month. The cost of the Assets given on lease are amortised fully during the Lease period in
accordance with the Guidance note on Accounting for Leases (revised) issued by the ICAI. The difference between the
statutory depreciation and the annual lease charge is adjusted through the Lease Equalisation, which is adjusted with
the lease income.
7.2.2 INDBANK HOUSING LTD
Fixed Assets are capitalised at cost and are stated at cost less depreciation. Depreciation is calculated on Written
Down Value method at the rates prescribed in schedule XIV to the Companies Act, 1956.
156
7.2.3 b aM Q +aM e Su st e saV f y f e V sM %
il-ni
l-ni i | inn nii - r iln ii i in r - inn liii ini r| i
ii i-ii il-n i | ni|i n -~ri i iii r|
-~ri
-~ri i iii |i| -in| ii| | lil-, src | | XIV - liiln i i - | n; ,ln -
li ni r|
8. j kt L o v f HkK ku
8.1 e wy l aL F kk
8.1.1 i i -i i, n ii r| nii i, i-in ln iii lri - li ini r |
8.1.2 n li il-ni i, i ,ii ni-|n il-ni (ri r so li li l ln ri ri) iiii i, |-i
i, i| l n iii ,nil-i -|i (lii l-n lin i si ) -ii i i|
n li lnln i ,ln ii, i lii, l- ii l-n ii, ilnln lii i, il
i i | | ri lri - li ini r |
8.1.3 ln li| li -i- -, i i iii i iin| li| -i ii| i (i) liilii i
l--i;i | ni|i n -ii ini r |
8.2 v u q" kax h d ai f u ; k
8.2.1 b aM c Sad e p saZV c Saf d ax l f o Zl st + f y f e V sM
) ; i i~ i i| ii l i~ -i i ri | ni|i i -i li ini r |
i) l-n| -ii lni ri-|i| -|i i i| ii i in ri -i li ini r |
n) --i iln lii i| i| i li i iiln li ini r|
i) ln --i li i lii i| l-ni i in| iii iiln li ini r |
) iiii i i lini n li ini r, in i lii -iiln li ini r|
8.2.2 b aM c Sad g km f l ax f y f e V sM %
) i | ri i n li il-ni l iii l | l| -ii i i li ini r|
i) ii ~ii |, in| -|n -il l-ni (;-i;) l, | in| r, l- -i i i ili iil- r|
lin ii , i ili ii - ii i i l li ini r| ~i lni i
;-i; ii rin| r| ;-i; ii ri - n, ;-i; i r nii -il iii ;i lini
li ini r|
8.2.3 b aM Q +aM e Su st e saV f y f e V sM
). li i nii iri i~ i iii ; - | iilin iii i - ln-ir| iii
ii | n; iilin ilni o.r lnin | , il - ln-ir| | iin ii ili iiiln
r, lri - li ini r| ; i ii | zc/oo ;i;ii zsc ili i ` sr,s/,/r.oo l sii r| s.
os.zoz n zsc/ ili ii r l- scozsrs ;i;i r nii ili `z,z,oo,os.rc r| li i, | iii
lri - li ini r ||
i). ;l-| ii iiii i ii iii li ini r |
n). li li i i ii ln iii li ini r | nli li i, | iii lri
- li ini r |
9. sf M V d kM Z i qj L d kj i kb aV % &
i lii in i -i ii ln -i i;-i i in l - -ni ini r|
157
7.2.3 INDFUND MANAGEMENT LTD
Fixed Assets
Fixed Assets are stated at original cost of acquisition plus incidental charges incurred in connection with the acquisition.
Depreciation on deletions during the year is provided up to the date of sale.
Depreciation
Depreciation has been provided on straight-line method in the manner and at the rates provided in schedule XIV to the
Companies Act, 1956.
8 REVENUE RECOGNITION
8.1 PARENT
8.1.1 Income and expenditure are generally accounted for on accrual basis, unless otherwise stated.
8.1.2 Income from non-performing assets, Central Government guaranteed assets (where it is overdue beyond 90 days),
dividend income, insurance claims, commission on letters of credit/ guarantees issued (other than those relating to
project fnance), income from bancassurance products, additional interest/ overdue charges on bills purchased, locker
rent, fnance charges on credit cards, income on Banks right to recompense, etc., are accounted for on realisation.
8.1.3 In case of overdue foreign bills, interest and other charges are recognised till the date of crystallisation as per FEDAI
guidelines.
8.2.1 INDBANK MERCHANT BANKING SERVICES LTD.
a. Issue Management Fee and fees for other managerial services - Considered on the completion of assignment.
b. Underwriting Commission and brokerage on distribution of fnancial products - Considered on receipt of
subscription particulars.
c. Brokerages under stock broking operations are accounted on completion of contract.
d. Interest on overdue lease rentals and hire purchase instalments are accounted for on receipt basis.
e. Dividend income is recognized when the right to receive is established.
8.2.2 INDBANK HOUSING LTD.
a. National Housing Banks Prudential Norms for recognition of Income and Provisioning for Non-Performing Assets
are followed.
b. Repayment of housing loans is by way of Equated Monthly Instalments (EMI) comprising of principal and interest.
Interest is calculated every half year on the opening balance at the beginning of the respective half year/ year.
EMI commences once the entire loan is disbursed. Pending commencement of EMI, pre-EMI interest payable is
recognized every month.
8.2.3 INDFUND MANAGEMENT LTD.
a. Investment Management and Advisory Fees are accounted for on accrual basis in respect of redeemed schemes of
Indian Bank Mutual Fund @ 0.5% of the unclaimed redemption proceeds, payable quarterly, based on outstanding
amount at the beginning of each calendar quarter. During the year, the company had redeemed 236 folios
comprising of 267400 units for ` 35,87,745.00. As on 31.03.2012, total outstanding folios are 21367 comprising of
8602353 units for ` 12,21,00,408.56.
b. Dividend on Equity shares is accounted for on cash basis.
c. Interest on performing debentures is accounted for on accrual basis. Interest on non-performing debentures is
accounted for on cash basis.
9. CREDIT CARD REWARD POINTS:
Reward points earned by card members on use of card facility is recognized as expenditure on such use.
158
10. f u o y y kHk @ g kf u
ii ril i l-n lii- l-llin li i r
n li ln-i i,i lii l iii
-i ln-i i-i iii
ln ln-i l iii
l-i il-ni -~ri l iii
lii -~ri l iii
il--ni lli i , ni
-i i l iii
i-i i,i i iii
11. L V kQ d ks l so kf u o `f Rr i j i zkI r g ksu so ky s y kHk
11.1 e wy l aL F kk
11.1.1 i lli n -| lli - ili iii i lii i iii li ini r
|-i ln - ~i iii
l i| iiiii i - ri -ii| i i i
11.1.2 - ili l s - -| | i i; i ii, |-i ln iii lri - li ni r |
11.1.3 |-i ln - ~i i lii ln - i| ii lin -ii| ni i i; |i; ,ii i| ii lin iii -i r
( r) - i| ii i i ii | li - - - iin - ii ini r |
11.1.4 iil liil ii i n -i - ili l i ( i l~) i - lln ni i i ili i i ii
| li l -i ilii - lii lin li ini r |
11.2 v u q" kax h d ai f u ; k
11.2.1 b aM c Sad e p saZV c Saf d ax l so k, a f y - %
~ il - i| lrni ,inii i i iii li ni|
n l- n l-, i l r - ili i i| liilin il l-n ii ii i r ln i n| i il- r | ii i
- il l-n, li - rn - - ii li -i llrn - ili i -in - i l r li n i |
ili i iii r | i ii | i | -iln l-- n i ri n| r | i - -iiln n l- lli i i n| iin| | |-i
lnii - r n ;l- i l| l ili ii n| r | n l- ln i n| | ni i |-i ln lii i n |
ni|i i ln l- -i (| |) ,ln i i n n r li ini r | |-i ln ii ril i i- - lini li ini r |
il lli i n| r - i|, il lli i l liilin ii ii i r nrn ii in r n r i r l-
l n - i| n ll - lnin i i - i| i n| ii n r , lli nrn ii ll - ii il lli
i i il lli iliili ii i lli i i l in r |
s - -| | i i; ; l lnl n --i - ili | s - -| | i i; | ni l, - n | ni|i
| n; s - -| li iii |-i ln iii iii li ini r |
; l lnl ln r --i | il l-n ii ni, i illli ii ii ; l ,ii r | in| r |
11.2.2 b aM c Sad g km f l ax f y f e V sM %
il lli - ii, i | il lli i n i l in r |
n n l- i i nn n nl-n i ,ii n l- ni li ini r | i iin| | |-i ln- - r n l- i l|
i|| r i ili |l--, i l i li ini r |
s - -| | i i; | ni l |-i ln iii iii li ini r |
11.2.3 b aM Q +. M e su st e saV f y f e V sM %
| --i , ; l lnl n r | l i il l-n ii - -ii ,ii i l in r , lnl n - ili |
il l-n n l-| s - -| i i; l i ; iii r| li ini|
159
10. NET PROFIT / LOSS
The result disclosed in the proft and loss account is after considering
- Provision for Non-Performing Advances and/ or Investments
- General provision on Standard Advances
- Provision for Restructured Advances
- Provision for Depreciation on Fixed Assets
- Provision for Depreciation on Investments
- Transfer to/ from Contingency Fund
- Provision for direct taxes.
- Usual and/or other necessary provisions
11. STAFF RETIREMENT BENEFITS
11.1 PARENT
11.1.1 Annual contributions to Pension Fund and Gratuity Fund are determined and provided for:
- On the basis of actuarial valuation
- As per the local laws in respect of foreign branches.
11.1.2 Leave encashment beneft for employees is accounted for on actuarial basis.
11.1.3 Transitional liability relating to employee benefts determined as per actuarial valuation is written off over a
period of fve years in terms of Revised Accounting Standard 15 (AS -15) - Employee Benefts, issued by ICAI.
11.1.4 Liability determined in respect of pension (second option) for existing employees and gratuity is amortised equally
over a period of fve years in accordance with RBI Guidelines.
Short Term employee benefts/ obligations are estimated and provided for.
Gratuity The Subsidiary has an obligation towards gratuity, a defned beneft retirement plan covering eligible
employees. The plan provides for a lumpsum payment to vested employees at retirement, death while in employment
or on termination of employment of an amount equivalent to 15 days salary payable for each completed year of service.
Vesting occurs upon completion of fve years of service. Annual contribution is made to gratuity fund established as
a Trust through a Group Gratuity Policy with Life Insurance Corporation of India. The Subsidiarys liability towards
Gratuity is actuarially determined as at balance sheet date using the Projected Unit Credit (PUC) method. Actuarial
gains and losses are recognized in revenue.
Provident Fund The eligible employees are entitled to receive benefts under Provident Fund, a defned contribution
plan in which both employees and the employer make monthly contributions at a specifed percentage of the covered
employees salary, the contributions as specifed under the Law are paid to the Provident fund and pension fund with
the provident fund authorities.
Leave encashment - The eligible Leave encashment liability to the employees other than those deputed by Indian Bank
has been provided for on the basis of actuarial valuation based on number of days un-utilised leave as at each balance
sheet date.
The retirement beneft liability to staff on deputation from Parent is borne by the Parent except eligible Provident Fund
contribution.
Contribution to Provident Funds is made to the Regional Provident Fund Commissioner.
The Gratuity liability is covered by Trust formed under the Group Gratuity Scheme. The trust has purchased a Group
Gratuity policy from LIC and the annual premium is paid through the Trust.
Liability for leave encashment is provided for on actuarial basis.
The staff are on deputation from Parent Bank. Liability towards Gratuity and leave encashment payable at the time of
retirement of deputed employees is not provided for since the entire retirement benefts are paid by the Parent.
160
12. v kd f L e d n s; r k, v kSj i zko / kku %
I. il-- ni l-llin -i-i - , ri
) | inii -i r | in l-n r| | n; r
|) | inii i l-i l ii i lrn - i r| r
|) inii | ili l i ; l| -i r| li i ni
|) | ilii ii ln r| r , lnn -i-i ii i n -i inii i il-- ni -ii ini r |
II. n -i inii i - n iii i -ii ini r , l| i li i ni r i , i iii i lrn -
iiln r l- r n si - ii i si i i -i-i - ili iii i -ini |
ii i li-i , i i liil l iii iin| l n -i ii i l in r
i l- n iii inii | liri i ,ii | in| r i iii li ini r |
13. v kf L r ; ksa d h { kf r %
13.1 il-ni | iln (l ri ), | ri iin| l liil ii ii l-n iin| | iii -ii (i; |i; ) ,ii ; i
- i| iii -i() zs | in| r |
14. v k; i j d j %
14.1 r n iii, i nii i-ilnn i i l li ini r |
14.2 i , l- i il li , lli -n i i n n r iliili i iln ili iii
n -i i i li ini r |
14.3 - n ii - i-ilnn il-ni i ni i l i ii - -in | i-ni in| r , i n | ni|i n
ii i - n i l n i i i i i n liriln li ini r | i-ilnn il-ni i n n liriln
r| li ini r n l | llnni ri i l i n ii| i i - ri n| l l, | i-ilnn
il-ni | nir| i |
15. i f j p ky u ksa d ks c Un d j u k %
; - - l n l l. i - lii i l i| i i| ii |lni , lii i i| i
l i| i i| ii |lni - r |
WmZ Place , Chennai
VmarI Date : 11.05.2012
-| - i| i| ~li | i -i i l
li DIRECTORS:
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No. 14309) (M No.24775) (M.No. 023962)
| ii l nii i . ni
(M.No. 085542) (M No.87939) (M No.081492)
161
12. CONTINGENT LIABILITIES AND PROVISIONS
I. Contingent liability : Past events leading to, possible or present obligations are recognised as contingent liability
in the following instances where :
(a) The existence of such obligations has not been confrmed
(b) no outfow of resources are required to settle such obligations
(c) a reliable estimate of the amount of the obligations cannot be made
(d) such amounts are not material
II. Provision is recognized in case of present obligations where a reliable estimate can be made and/or where there
are probable outfow of resources embodying foregoing of economic benefts to settle the obligations, excluding
frivolous claims.
Provision for Market Risk, Country Risk, etc., are made in terms of extant instructions of RBI.
Floating provision as identifed by the Bank Management is provided for.
13. IMPAIRMENT OF ASSETS
13.1 Impairment losses if any, are recognised in accordance with the Accounting Standard (AS) -28 issued in this regard
by the ICAI.
14. TAXES ON INCOME
14.1 Provision for tax is made for both Current Tax and Deferred Tax.
14.2 Current tax is measured at the amount expected to be paid to the taxation authorities, using the applicable tax rates,
tax laws and favourable judicial pronouncements / legal opinion.
14.3 Deferred Tax Assets and Liabilities arising on account of timing differences and which are capable of reversal in
subsequent periods are recognised using the tax rates and tax laws that have been enacted or substantively enacted
till the date of the Balance Sheet. Deferred Tax Assets are not recognised unless there is virtual certainty that
suffcient future taxable income will be available against which such deferred tax assets will be realised.
15. DISCONTINUING OPERATIONS
In respect of Indbank Merchant Banking Services Ltd., accounting policies adopted for discontinued operations are
in line with the accounting policies adopted for continuing operations.
WmZ Place Chennai
VmarI Date : 11.05.2012
-| - i| i| ~li | i -i i l
li DIRECTORS:
li-| | M BUTCHI RAMI REDDY, lni- -ri |lin CHINTAMAN MAHADEO DIXIT,
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No. 14309) (M No.24775) (M.No. 023962)
| ii l ni i . ni
(M.No. 085542) (M No.87939) (M No.081492)
162
v u ql wp h & 1 8
l e sf d r f o Rr h; f o o j f . k; ksa d s f y , y s[ kk f V I i f . k; ka 2 0 1 1 & 1 2
1 - v u q" kaf x ; ka
e l a- v u q" kax h d k u ke l aL F kki u k d k n s' k L o kf e Ro d k v u qi kr
1-
; riln l. iin
51.00%
2-
; -- ln l l. iin
64.84%
3-
; --- l. iin
100.00%
2 l g ; ksx h
l g ; ksf x ; ksa d k u ke iiii ii
~ ni-
35%
nlnl ni-|i
35%
iilni ni- **
35%
iin i ,ii -iln |i ii i .s/r i - in li r i -nn i | -i
iin - ii ni r|
3 y s[ kk l e k/ kku , o a l e k; kst u
e wy l aL F kk
s. - -ii | n iiii n -i i ii -iii s.os.zoz n i li i i r| lli in ii ,ii - -ii
ii ll-i l-i - i -| i; r| ii ii ll-i -ii i i nln r| i i c.r i
-~ | sr// i;|| -i r|
s.z s.os.zo n c -r|i li l ii n iiii ii - -iiilin ll-i i - l ~i l-iln i i - in r l|
i| iii | ini r| r|
s.s i-, -iiii, -ii lli i, lli -i iin il - i iin| l ii nii i lin ii -iii -
i| ii ll-i -ln -ii l ll-n |ii | in| r|
s. s iiiii - in| lri,l--i i n i i-i lri ii ii -iii nln r| i | i - iini n lii
i lii-| l-n| ii rn ii r| rini|
4 - v p y v kf L r ; ka
. - -ii l - o.so i inn i| ll--ii iil- r li r| -~ rs.sc i (nn i -i. i i
` c.ro i ) l l |i | iilni i| r|
.z i zoosos - - -ii s li i -~ li nii lii-- or/./c i | -~ l, ili i -~ l
iin - -i | n;| -~ l n i lnln -~ri so.rz i -~ri (nn i - so.rz i ) i ii ril
ii - iiln li ni nii | --~ ili i iri -~ l iin li ni r|
5 - d j g sr q i zko / kku
5 - 1 e wy l aL F kk
n-i i l iii (i;-| i ~-|) l iii rzo.ss i r| (ls i szo.ss i )
) s.os.zoz i liln i -in ii ii //o.sr i (nn i ro/.sr i ) ii, l- r/.z i (nn i ss.co
i ) i| iii - liin ,ii i,-iiln l n| il iiiiii nii -| ii - lii
ii lin liln -ini i; iii i i r| -ni ni|
|) || iliili ,ii li i , lini li ln i i i r n iii li ni r i r ` r./ i
| ili -in i r , i ls ii - li ni iii r l i -ii ni r |
163
SCHEDULE 18
Notes On Accounts to CONSOLIDATED FINANCIAL STATEMENTS (2011-12)
1. SUBSIDIARIES:
Sl. No. Name of the Subsidiary Country of Incorporation Proportion of Ownership
a Ind Bank Housing Ltd India 51.00%
b Indbank Merchant Banking Services Ltd India 64.84%
c Indfund Management Ltd India 100.00%
2. ASSOCIATES:
Name of the Associates Shareholding pattern
a Pallavan Grama Bank 35%
b Saptagiri Grameena Bank 35%
c Puduvai Bharathiar Grama Bank** 35%
** As per recapitalization plan approved by Government of India, the Bank has received ` 4.375 crore from the
Parent Bank and the same is kept in Share Capital Deposit Account for the present.
3. RECONCILIATION AND ADJUSTMENTS
PARENT:
3.1. Reconciliation of Inter Branch Account is completed up to 31.03.2012. The Bank through various effective steps has
achieved reduction in the outstanding entries. Adjustment of the remaining outstanding entries is in progress. As per
the Management, 8577 IBGA credit entries aggregating to `6.45 crore are outstanding.
3.2. In view of net credit position in respect of unreconciled entries in the Inter Branch Account outstanding for more than
6 months as on 31.03.2012, no provision is required.
3.3. Old outstanding entries in drafts payable, clearing adjustment, sundries receivable, sundry deposit accounts, etc. and
in bank reconciliation relating to Reserve Bank of India and other banks are being regularly reviewed for appropriate
adjustments.
3.4 Balancing of subsidiary ledgers/registers and reconciliation with general ledgers are in progress at some branches. In
the opinion of the management, consequential fnancial impact of the above on the accounts will not be signifcant
4. FIXED ASSETS
4.1. Premises include properties costing `10.80 Crore, the book value of which is `59.96 Crore (previous year `11.11 Crore
and `64.50 Crore, respectively), for which registration formalities are in progress.
4.2. Bank revalued its immovable properties during the year 2008-09 at fair market value by approved valuers and the
resultant appreciation of `1057.76 Crore was credited to Revaluation Reserve Account. Depreciation on the revalued
portion amounting to `30.52 Crore (previous year `30.52 Crore) has been charged to Proft & Loss A/c and an equivalent
withdrawal is made from the Revaluation Reserve Account.
5. PROVISION FOR TAXATION
5.1 PARENT:
Provision for Taxation (IT & WT) during current year is ` 520.93 crore (Previous year ` 920.39 crore)
a) The disputed Income Tax demand outstanding as at 31.03.2012 amounts to `770.35 Crore (previous year `507.35
Crore), out of which `517.24 Crore (previous year `348.60 Crore) has been paid / adjusted by the Department
against refund dues. No provision is considered necessary for the said disputed demands on account of judicial
pronouncements and favourable decisions in Banks own case.
b) Provision for income tax has been made after due consideration of favourable decisions of Appellate Authorities
/ Opinion of Counsels and is net of reversal of `151.17 crore, being the provision of earlier years considered as
no longer required.
164
5 - 2 v u q" kax h d ai f u ; ka
r.z. ; -- ln l l.
. rili (i i) nii r| rili (--| li i) i i - in r i l iii | ini r| r|
|. lii il lii i,i lli i i i - in r i liln -ini l i; iii r| ii ni r|
|) i ii in iii iii lli liii ii l iini - i , i l ` zz.s ii | ili i
iii li ni r|
6 - u d n h i zo kg f o o j . k , , l 3
i zoz l | ir li n , li ni r|
7 - d e Zp kj h y kHk , , l 1 5
/. - -ii
/.. i zoo/os ii r r| i ii ii - -ii| ni l sz i | ili ii ril iin - ii
ni r| i| -i -ii| ni i i ii rili i - s.os.zoz i iiln li ini i rini|
/..z i zoo ii -ili i i i l~ i ii ii, lri r i ii i l~ r| li ii nii
-ili i i ili | |-i i|, i inni lil-, s/z iii in i| n| r| lii-- |-il -~
i n-i -ili i - i ni ` ss.zz i r| i i ni - l, `cc.oo i i|| iin| l
l .||i| || ||,so,z.o.os,zoo l.os.oz.zo l i i ; ni i ii iin - i - iiln
| -ln i || ni n-i i ii i l ` cz.cr i | ili i i l ` ss.zo i | ili ii ril
i - iiln | n; r| ii li ii liii l ln ri| n; ni ` rs/.rs i r l- i l `s/.ss
i i i l ` ss.co i | ili r|
/..s ii -ir(iilin) n ii ril ii i n - -ini l n, lii-n lrn i |ii| -i| lrn | iii
l-iln l-ii r
I. e wy c he kad u v u qe ku (iiln ini - n) 31-03-2012 31-03-2011
-- | 8.63 % 8.45 %
n i-n| | 1% l i 3.00% | 1% l i 4.70% |
-in | 1.00% 1.00%
ii il-ni lin ln | * 9.00% 9.00%
n n|i lii ;i; ~i (||) |-i n|i
* i il-ni -ilin ln s--| ii; rn i r|
ii| n l,i i -i -|ln, l-ni, iln i lin i- li ii - iln -in i lri -
li li ini r|
p ky w o " kZ 2 0 1 1 & 1 2 (ìi -)
II. c k/ ; r k d s o r Ze ku e wY ; i ho hv ks e sa i f j o r Zu & v F k' ks" k , o a v ar ' ks" k d k
y s[ kk l e k/ kku
i ii - ||i 3563.00 757.00 253.00
i inn 292.33 57.10 18.44
n-i i inn 270.30 65.49 15.54
lnn i inn linin,(n llrn ii) 0 0 0
lnn i inn linin,(n llrn ii) 0 0
-n ii (206.83) (104.23) (50.75)
ini (n ii) |-i ril , (ii) (55.00) (20.31) (18.17)
165
5.2 SUBSIDIARY COMPANIES
a) In view of losses (as per Income tax) as well as book losses (as per MAT computation) no provision for tax is required
for the year.
b) No provision is made for the disputed demands of income tax keeping in view the judicial pronouncements and/or
legal opinion on the issues.
c) Based on the orders received during the year, provision for Taxation under IT / Interest Tax for various Assessment
Years amounting to ` 122.94 lakhs has been made in the accounts.
DISCLOSURES IN RESPECT OF ACCOUNTING STANDARDS
6. CASH FLOW STATEMENT (AS 3)
The cash fow statement for the year 2011-12 is annexed separately.
7. EMPLOYEE BENEFITS (AS 15)
7.1 PARENT
7.1.1 During the current year, a sum of ` 92 crore has been charged to Proft & Loss Account towards transitional liability
arising upon frst time implementation of AS 15 made from the fnancial year 2007-08. The remaining unrecognized
transitional liability as on 31.03.2012 is nil.
7.1.2 During the year 2010-11, the Bank reopened the pension option for such of its employees who had not opted for the
pension scheme earlier and the limit of gratuity payable to the employees of the bank was also enhanced pursuant to
the amendment to the Payment of Gratuity Act, 1972. As a result, the pension liability in respect of existing employees
was ` 813.22 crore and the increase in gratuity liability was ` 166.00 crore as per actuarial valuation. RBI, vide circular
No.DBOD:BP:BC/80/21.04.018/2010-11 dated 09.02.2011, permitted Banks to charge 1/5th of such liability every year.
Accordingly, during the current year, a sum of ` 162.65 crore towards pension and ` 33.20 crore towards gratuity is
charged to Proft and Loss account. The unrecognized liability pending for amortization over the remaining period is
`487.93 crore towards pension and ` 99.60 crore towards gratuity, total ` 587.53 crore.
7.1.3 The summarised position of Post-employment benefts and long term employee benefts recognised in the Proft &
Loss Account and Balance Sheet as required in accordance with Accounting Standard 15 (Revised) are as under:
I. PRINCIPAL ACTUARIAL ASSUMPTIONS
[Expressed as weighted averages]
31/03/2012 31/03/2011
Discount Rate 8.63% 8.45%
Salary escalation rate 1% on Basic and 3.00% on DA 1% on Basic and 4.70% on DA
Attrition rate 1.00% 1.00%
Expected rate of return on Plan Assets * 9.00% 9.00%
Method used Projected Unit Credit (PUC) actuarial Method
* Expected Rate of return on Plan Assets not applicable for Leave encashment.
The estimates of future salary increases are considered taking into account infation, seniority, promotion and other
relevant factors, such as supply and demand in the employment market. Current Year 2011-12 (` in crore)
II. CHANGES IN THE PRESENT VALUE OF THE OBLIGATION (PVO)
- RECONCILIATION OF OPENING AND CLOSING BALANCES:
Pension
Fund
Gratuity
Fund
Leave
Encashment
Interest Cost 292.33 57.10 18.44
Current service cost 270.30 65.49 15.54
Past service cost recognized / vested benefts 0 0 0
Past service cost unrecognized / non-vested benefts 0 0 0
Benefts paid (206.83) (104.23) (50.75)
Actuarial loss/(gain) on obligation (balancing fgure) (55.00) (20.31) (18.17)
166
f i N y s o " kZ 2 0 1 0 & 1 1 (ìi -)
II. c k/ ; r k d s o r Ze ku e wY ; i ho hv ks e sa i f j o r Zu & v F k' ks" k , o a v ar ' ks" k d k
y s[ kk l e k/ kku
i ii - ||i 1939.00 572.00 262.00
i inn 147.45 42.40 18.72
n-i i inn 249.26 65.66 18.03
lnn i inn linin 162.64 33.20 0
lnn i inn linin 650.58 132.80 0
-n ii (191.82) (83.89) (56.10)
ini (n ii) |-i ril , (ii) 605.90 (5.17) 10.35
p ky w o " kZ 2 0 1 1 & 1 2 (ìi -)
II. ; kst u k v kf L r ; ksa d s m f p r e wY ; e sa i f j o r Zu & v F k ' ks" k , o a v ar ' ks" k d k y s[ kk
l e k/ kku
i ii - ii il-ni i ln -~ 2851.00 619.00 0
ii il-ni lin ln 267.75 54.95 0
li ii 454.77 87.45 50.75
-n ii (206.83) (104.23) (50.75)
ini (n ii) |-i ii , (ril) 9.18 (1.72) 0
f i N y s o " kZ 2 0 1 0 & 1 1 (ìi -
III. ; kst u k v kf L r ; ksa d s m f p r e wY ; e sa i f j o r Zu & v F k ' ks" k , o a v ar ' ks" k d k y s[ kk
l e k/ kku
i ii - ii il-ni i ln -~ 1815.80 561.60 0
ii il-ni lin ln 202.07 51.07 0
li ii 1050.56 95.64 56.10
-n ii (191.82) (83.89) (56.10)
ini (n ii) |-i ii , (ril) (25.60) (5.42) 0
p ky w o " kZ 2 0 1 1 & 1 2 (ìi -)
ii il-ni lin ln 267.75 54.95 0
ii il-ni |-i ii (ril) 9.18 (1.72)
0
ii il-ni i-nl ln 276.93 53.23
0
f i N y s o " kZ 2 0 1 0 & 1 1 (ìi -)
ii il-ni lin ln 202.07 51.07 0
ii il-ni |-i ii (ril) (25.60) (5.42)
0
ii il-ni i-nl ln 176.46 45.65
0
p ky w o " kZ 2 0 1 1 & 1 2 (ìi -)
i l |-i ii,(ril) ini 55.00 20.31 18.17
i l |-i ii,(ril)ii il-ni 9.18 (1.72) 0
i l (ii) , ril (64.19) (18.58) (18.17)
i ii ri n |-i (ii),ril ini (64.19) (18.58) (18.17)
167
Previous year 2010-11 (ìn crore)
Pension
Fund
Gratuity
Fund
Leave
Encashment
Interest Cost 147.45 42.40 18.72
Past service cost - recognised 162.64 33.20 0
Past service cost - unrecognised 650.58 132.80 0
Benefts paid (191.82) (83.89) (56.10)
Actuarial loss/(gain) on obligation (balancing fgure) 605.90 (5.17) 10.35
Current Year 2011-12 (ìn crore)
Pension
Fund
Gratuity
Fund
Leave
Encashment
Contributions 454.77 87.45 50.75
Benefts paid (206.83) (104.23) (50.75)
Actuarial gain/(loss) on plan assets [balancing fgure] 9.18 (1.72) 0
Previous year 2010-11 (ìn crore)
Pension
Fund
Gratuity
Fund
Leave
Encashment
Employers Contributions 1050.56 95.64 56.10
Benefts paid (191.82) (83.89) (56.10)
Actuarial gain/(loss) on plan assets [balancing fgure] (25.60) (5.42) 0
Pension
Fund
Gratuity
Fund
Leave
Encashment
Actuarial gain / (loss) on plan assets 9.18 (1.72) 0
Previous Year 2010-11 (ìn crore)
Pension
Fund
Gratuity
Fund
Leave
Encashment
Actuarial gain / (loss) on plan assets (25.60) (5.42) 0
Pension
Fund
Gratuity
Fund
Leave
Encashment
Actuarial gain / (loss) for the year - Obligation 55.00 20.31 18.17
Actuarial gain / (loss) for the year- Plan Assets 9.18 (1.72) 0
Total (gain) / loss for the year (64.19) (18.58) (18.17)
Actuarial (gain) / loss recognized in the year (64.19) (18.58) (18.17)
Unrecognized actuarial (gain) / loss at the end of the year 0 0 0
168
f i N y s o " kZ 2 0 1 0 & 1 1 (ìi -)
i l |-i ii,(ril) ini (605.90) 5.17 (10.35)
i l |-i ii,(ril)ii il-ni (25.60) (5.42) 0
i l (ii) , ril 631.50 0.25 10.35
i ii ri n |-i (ii),ril ini 631.50 0.25 10.35
p kwy o " kZ 2 0 1 1 & 1 2 (ìi -)
ini i iln n-i -~ 3863.80 755.05 218.06
ii il-ni i ln -~ 3375.87 655.45 0
n 487.93 99.60 218.06
ri | n| -ii| ni 0 0 0
ri | n| lnn i inn n llrn ii (487.94) (99.60) 0
f i N y s o " kZ 2 0 1 0 & 1 1 (ìi -)
ini i iln n-i -~ 3563.00 757.00 253.00
ii il-ni i ln -~ 2851.00 619.00 0
n 712.00 138.00 253.00
ri | n| -ii| ni (61.60) (5.20) (12.40)
ri | n| lnn i inn n llrn ii (650.58) (132.80) 0
p ky w o " kZ 2 0 1 1 & 1 2 (ìi -)
VII. y kHk , o a g kf u y s[ ks e sa i g p ku s x ; s O; ; i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
n-i i inn 270.30 65.49 15.54
i inn 292.33 57.10 18.44
ii il-ni lin ln (267.75) (54.95) 0
l |-i (ii), ril i ; i - ri| n| r (64.19) (18.58) (18.17)
; i - ri| n| -ii| ni 61.60 5.20 12.40
lnn i inn llrn ii 162.65 33.20 0
f i N y s o " kZ 2 0 1 0 & 1 1 (ìi -)
VII. y kHk , o a g kf u y s[ ks e sa i g p ku s x ; s O; ; i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
n-i i inn 249.26 65.66 18.03
i inn 147.45 42.40 18.72
ii il-ni lin ln (202.07) (51.07) 0
l |-i (ii), ril i ; i - ri| n| r 631.50 0.25 10.35
; i - ri| n| -ii| ni 61.60 5.20 12.40
lnn i inn n llrn ii 162.64 0 0
lnn i inn llrn ii 0 33.20 0
169
Pension
Fund
Gratuity
Fund
Leave
Encashment
Actuarial gain / (loss) for the year - Obligation (605.90) 5.17 (10.35)
Actuarial gain / (loss) for the year- Plan Assets (25.60) (5.42) 0
Total (gain) / loss for the year 631.50 0.25 10.35
Actuarial (gain) / loss recognized in the year 631.50 0.25 10.35
Unrecognized actuarial (gain) / loss at the end of the year 0 0 0
ANALYSIS
Pension
Fund
Gratuity
Fund
Leave
Encashment
Present value of the obligation 3863.80 755.05 218.06
Fair value of plan assets 3375.87 655.45 0
Difference 487.93 99.60 218.06
Unrecognised transitional liability 0 0 0
Unrecognised past service cost (487.94) (99.60) 0
Liability recognized in the balance sheet (0.01) 0 218.06
VI. AMOUNTS RECOGNISED IN THE BALANCE SHEET AND
RELATED ANALYSIS
Pension
Fund
Gratuity
Fund
Leave
Encashment
Present value of the obligation 3563.00 757.00 253.00
Fair value of plan assets 2851.00 619.00 0
Difference 712.00 138.00 253.00
Unrecognised transitional liability (61.60) (5.20) (12.40)
Unrecognised past service cost non-vested benefts (650.58) (132.80) 0
Liability recognized in the balance sheet
(0.18) 0 240.60
Current Year 2011-12 (` in crore)
LOSS:
Pension
Fund
Gratuity
Fund
Leave
Encashment
Interest Cost 292.33 57.10 18.44
Expected return on plan assets (267.75) (54.95) 0
Net actuarial (gain)/loss recognised in the year (64.19) (18.58) (18.17)
Transitional Liability recognised in the year 61.60 5.20 12.40
Expenses recognized in the statement of proft and loss 454.95 87.45 28.21
Previous Year 2010-11 (` in crore)
LOSS:
Pension
Fund
Gratuity
Fund
Leave
Encashment
Interest Cost 147.45 42.40 18.72
Expected return on plan assets (202.07) (51.07) 0
Net actuarial (gain)/loss recognised in the year 631.50 0.25 10.35
Transitional Liability recognised in the year 61.60 5.20 12.40
Expenses recognized in the statement of proft and loss 1050.38 95.64 59.60
170
p ky w o " kZ 2 0 1 1 & 1 2 (ìi -)
VIII. r qy u i = e sa i g p ku h x ; h n s; kr kv ksa e sa i f j o r Zu i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
l ni i ii ii (0.18) 0 240.60
nii 454.95 87.45 28.21
-n ii (454.77) (87.45) (50.75)
f i N y s o " kZ 2 0 1 0 & 1 1 (ìi -)
VIII. r qy u i = e sa i g p ku h x ; h n s; kr kv ksa e sa i f j o r Zu i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
l ni i ii ii 0 0 237.20
nii 1050.38 95.64 59.50
-n ii (1050.56) (95.64) (56.10)
p ky w o " kZ 2 0 1 1 & 1 2 (ìi -)
IX. f i N y s o " kZ d s f y , j kf ' k i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
ini i n-i -~ 3863.80 755.05 218.06
ii il-ni 3375.87 655.45 0
liii (ii-i) (487.93) (99.60) 218.06
ii nii i -ii (ril),ii (346.33) (78.52) (4.26)
ii il-ni i -ii ((ril),ii 9.18 (1.72) 0
ls i zoo. (ìi -)
IX. f i N y s o " kZ d s f y , j kf ' k i sa' ku f u f / k m i n ku f u f / k N qV ~V h Hkqu kb Z
ini i n-i -~ 3563.00 757.00 253.00
ii il-ni 2851.00 619.00 0
liii (ii-i) (712.00) (138.00) (253.00)
ii nii i -ii (ril),ii 956.99 (17.83) (37.35)
ii il-ni i -ii (ril),ii (25.60) (5.42) 0
(ìi -)
X. ; kst u k v kf L r ; ksa d s e q[ ; l ao x Z d qy ; kst u k v kf L r ; ksa d s i zf r ' kr e sa i sa' ku f u f / k m i n ku f u f / k i sa' ku f u f / k m i n ku f u f / k
2011-12 2010-11
iin i lnilni -- -- 25.00% 20.00%
i i lnilni -- -- 29.00% 18.00%
ni-nii ii- i 56.00% 50.00% -- --
|, li ;l-| i 44.00% 30.00% 44.00% 42.00%
l-l-n 0.00% 1.00% 0.00% 1.00%
lii -i ii 0.00% 18.00% 0.00% 18.00%
|-ini ,ii l-in llii 0.00% 1.00% 2.00% 1.00%
(~i ) l| i i 0.00% 0.00% 0.00% 0.00%
100.00% 100.00% 100.00% 100.00%
(ìi -)
i sa' ku f u f / k
m i n ku
f u f / k
i sa' ku f u f / k m i n ku f u f / k
2011-12 2010-11
XI. n i ii ii n- i i -i 400.00 90.00 200.00 100.00
171
SHEET
Pension
Fund
Gratuity
Fund
Leave
Encashment
Opening net liability (0.18) 0 240.60
Expense as above 454.95 87.45 28.21
Contribution paid (454.77) (87.45) (50.75)
SHEET
Pension
Fund
Gratuity
Fund
Leave
Encashment
Opening net liability 0 0 237.20
Expense as above 1050.38 95.64 59.50
Contribution paid (1050.56) (95.64) (56.10)
IX. AMOUNT FOR THE CURRENT YEAR
Pension
Fund
Gratuity
Fund
Leave
Encashment
Present Value of obligation 3863.80 755.05 218.06
Plan Assets 3375.87 655.45 0
Surplus (Defcit) (487.93) (99.60) (218.06)
Experience adjustments on plan liabilities- (loss) / gain (346.33) (78.52) (4.26)
Experience adjustments on plan assets- (loss) / gain 9.18 (1.72) 0
IX. AMOUNT FOR THE PREVIOUS YEAR
Pension
Fund
Gratuity
Fund
Leave
Encashment
Present Value of obligation 3563.00 757.00 253.00
Plan Assets 2851.00 619.00 0
Surplus (Defcit) (712.00) (138.00) (253.00)
Experience adjustments on plan liabilities- (loss) / gain 956.99 (17.83) (37.35)
Experience adjustments on plan assets- (loss) / gain (25.60) (5.42) 0
(` in crore)
X. MAJOR CATEGORIES OF PLAN ASSETS (AS
PERCENTAGE OF TOTAL PLAN ASSETS)
Pension
Fund
Gratuity
Fund
Pension
Fund
Gratuity
Fund
2011-12 2010-11
Government of India Securities --- --- 25.00% 20.00%
State Government Securities --- --- 29.00% 18.00%
Government of India Securities and
State Government Securities 56.00% 50.00% -- --
High Quality Corporate Bonds 44.00% 30.00% 44.00% 42.00%
Special Deposit Scheme 0.00% 1.00% 0.00% 1.00%
Funds managed by Insurer 0.00% 18.00% 0.00% 18.00%
Private Sector Bonds 0.00% 1.00% 2.00% 1.00%
Money Market 0.00% 0.00% 0.00% 0.00%
Total 100.00% 100.00% 100.00% 100.00%
(` in crore)
Pension
Fund
Gratuity
Fund
Pension
Fund
Gratuity
Fund
2011-12 2010-11
XI. ENTERPRISE'S BEST ESTIMATE OF CONTRIBUTION
DURING NEXT YEAR 400.00 90.00 200.00 100.00
172
7 - 2 v u q" kax h d ai f u ; ka
7 - 2 - 1 b aM c Sad e p sZaV c Saf d ax l f o Zl st f y f e V sM &
i f j Hkkf " kr v a' kn ku ; kst u k
liilin ii ii rn ii i i l -ii ni l-i -nn r (ìii -)
li
2011-12 2010-11
il lli i lini i ii
3125100 3513822
-i| -i | |-i ii rn i;| i ii
57566 44307
i f j Hkkf " kr y kHk ; kst u k
I. liilin ii ini iii ;lnii i ii -iii (`)
f o o j . k m i n ku f u f / kd
N qV ~V h Hkqu kb Z
x Sj & f u f / kd
2011-12 2010-11 2011-12 2010-11
i ii - liilin ii ini
5166832 4491957 5903571 5011647
n-i i inn
628584 647332 1028232 736969
i inn
413347 359357 472286 400932
|-i (ii), ri|
189681 30074 -486854 -245977
-n ii
650746 361888 - -
l-i inn
- - - -
i n - liilin ii ini
5747698 5166832 6917235 5903571
II liilin ii ini iii ;lnii i ii -iii (`)
f o o j . k m i n ku
f u f / kd
2011-12 2010-11
i ii - ii il-ni i ln -~
5602358 3790874
ii il-ni -ilin ln
463188 435526
ii
765898 1737846
|-i (ii), ri|
- -
-n ii
650746 361888
l-i inn
- -
i n - ii il-ni i ln -~
6180698 5602358
ii il-ni i-nl ln
463188 435526
III v kf L r ; ksa o c k/ ; r kv ksa d s m f p r e wY ; d k y s[ kk l e k/ kku (`)
f o o j . k m i n ku f u f / kd N qV ~V h Hkqu kb Z x Sj & f u f / kd
2011-12 2010-11 2011-12 2010-11
ii il-ni i ln -~
6180698 5602358 6917235 5903571
ini i n-i -~
5747698 5166832 5903571 5011647
n - lini ili
433000 435526 1013664 891924
173
7.2 SUBSIDIARY COMPANIES :
Defned Contribution Plan
Contribution to Defned Contribution Plan, recognized as expense for the year are as under:
(`)
Details 2011-12 2010-11
Employers contribution to Provident Fund 3125100 3513822
Employees Deposit Linked Insurance Scheme contribution to LIC 57566 44307
Defned Beneft Plan
I Reconciliation of opening and closing balances of Defned beneft obligation (`)
Details Gratuity
(Funded)
Leave Encashment
(Unfunded)
2011-12 2010-11 2011-12 2010-11
Defned beneft obligation at the beginning of the year 5166832 4491957 5903571 5011647
Current service cost 628584 647332 1028232 736969
Interest cost 413347 359357 472286 400932
Actuarial (gain)/ loss 189681 30074 -486854 -245977
Benefts paid 650746 361888 - -
Settlement cost - - - -
Defned beneft obligation at the year end 5747698 5166832 6917235 5903571
II Reconciliation of opening and closing balances of fair value of plan assets (` )
Details Gratuity
(Funded)
2011-12 2010-11
Fair value of plan assets at the beginning of the year 5602358 3790874
Expected return on plan assets 463188 435526
Contributions 765898 1737846
Actuarial (gain)/ loss - -
Benefts paid 650746 361888
Settlement cost - -
Fair value of plan assets at year end 6180698 5602358
Actual return on plan assets 463188 435526
III Reconciliation of fair value of assets and obligations (` )
Details Gratuity (Funded) Leave Encashment (Unfunded)
2011-12 2010-11 2011-12 2010-11
Fair value of plan assets 6180698 5602358 6917235 5903571
Present value of obligation 5747698 5166832 5903571 5011647
Amount recognized in Balance Sheet 433000 435526 1013664 891924
174
IV o " kZ d s n kSj ku v f HkK kr O; ; (`)
2011-12 2010-11 2011-12 2010-11
n-i i inn
628584 647332 1028232 736969
i inn
413347 359357 472286 400932
ii il-ni -ilin ln
463188 435526 - -
|-i (ii), ril
189681 30074 -486854 -245977
f u o y y kHk
768424 601237 1013664 891924
V c he kaf d d i wo kZu qe ku
2011-12 2010-11 2011-12 2010-11
-i-ill- - (i;|)
1994-96
(-)
1994-96
(-
1994-96
(-
1994-96
(-
--i (ln i)
8% 8% 8% 8%
-ilin ln (ln i)
8% 8% -- --
n l, (ln i)
5% 5% 5% 5%
-in |
1% to 3% 1% to 3% 1% to 3% 1% to 3%
|-il -~i - li l n n - l, -i - -i-|ln, l-ni, iln ini ii - iln -in lrn lin
i-i i lri - li ini r| ln | -ilin i liii ; i i-i li li ini r, -n iiln ii
il-ni i i-, -~iln ili-i, ii il-ni ln lnril lii- i ii il-n i l | | |ln| -
-ii lnln --i i - ill-n ii ni - -ii ,ii r | in| r|
i zoz - | i ni ln s.cc ii (ls i `/.sz ii)i ii li r|
7 - 2 - 2 b aM c Sad g km f l ax f y f e V sM
nl- lli | i in| | ini |-il -~i i li l-n r
(ìii -)
i) lnn i nl- i |-il -~ 8.25
ii) i;| i ii ii, n ri ni i
iii) i-i
--i 8% l. . i-i
n l, i -i 8% l. . i-i
8. [ k. M f j i ksf V Zax , , l 1 7
ii ii| -ii iin| l liilii i, - -ii lii i iil- i ii iii i l- iii,
ii-,ii ln, ii ln ln li nii l,n| i il iinil i r l- i| ni-| -
n|n li ni r| ilni lii i iii i - ln li nii iinil i - i| nrn n|n li r|
175
IV Expense recognized during the year (` )
2011-12 2010-11 2011-12 2010-11
Current Service Cost 628584 647332 1028232 736969
Interest Cost 413347 359357 472286 400932
Expected return on plan assets 463188 435526 - -
Actuarial (gain) / loss 189681 30074 -486854 -245977
Net Cost 768424 601237 1013664 891924
V Actuarial assumptions
2011-12 2010-11 2011-12 2010-11
Mortality Table (LIC) 1994-96
(Ultimate)
1994-96
(Ultimate)
1994-96
(Ultimate)
1994-96
(Ultimate)
Discount rate (per annum) 8% 8% 8% 8%
Expected rate of return (per annum) 8% 8% -- --
Rate of escalation of salary (per annum) 5% 5% 5% 5%
Attrition Rate 1% to 3% 1% to 3% 1% to 3% 1% to 3%
The estimates of rate of escalation in salary considered in actuarial valuation, taking into account infation, seniority,
promotion and other relevant factors including supply and demand in the employment market. The expected rate
of return is determined considering several applicable factors, mainly the composition of plan assets held, assessed
risks, historical results of return on plan assets and the companys policy for plan assets management. The retirement
beneft liability in respect of staff on deputation from Parent is borne by Parent.
The company has contributed ` 8.66 Lakhs ( P Y ` 7.92 lakhs ) towards Gratuity liability in the year 2011-12.
Companys obligation towards Gratuity Fund and details of actuarial valuation:
(` in Lakhs)
i) Total past service gratuity and Actuarial value 8.25
ii) Balance Contribution payable to LIC, if any Nil
iii) Assumptions
Discounting rate 8% p.a. compound
Projections of salary increase 8% p.a. compound
8. SEGMENT REPORTING (AS 17)
As per the Reserve Bank of India guidelines on Accounting Standards, the Parents operations are classifed into
Primary segment i.e., the business segment comprising of Treasury, Corporate/Wholesale Banking, Retail Banking
and Other Banking Operations and Secondary segment being the geographical segment comprising of Domestic
and International. The operations of the Subsidiaries are classifed under Other banking Operations in Business
segment and under Domestic in Geographic segment.
176
(ìi -)
ii i
-i|
ii-,ii
ln
ii ln
ln
li
zoz zoo zoz zoo zoz zoo zoz zoo zoz zoo
lii-
532.04 758.60 1630.83 1436.91 1160.19 1034.94 97.42 64.55 3420.48 3295.00
il-n 1201.60 641.75
linn ii 2218.88 2653.25
nii lrn
i-|
i 0.04 3.49
i 71.61 13.77
iiii ii,
ril 524.62 925.09
l ii 0.00 0.00
ii| 1765.83 1745.41
i| il-ni 0.00 0.00
il-n
il-ni 40164.51 36028.08 58731.11 49726.33 42773.36 35996.50 62.18 153.72 121904.64
il-ni -241.54 -57.48
i| ni 141489.62 121847.16
il-n ni
37544.76 32581.22 52745.33 45378.71 38207.71 32365.52 -38.47 -44.93 110280.52
ni 13030.29 11566.62
ni 141489.62 121847.16
Hkkx c h & HkkSx ksf y d [ k. M

n s' kh v ar j kZ" V h; d qy
2011-12 2010-11 2011-12 2010-11 2011-12 2010-11
j kt L o 13179.55 10369.66 242.88 181.16 13422.43 10550.82
v kf L r ; ka 135729.69 117503.06 5759.93 4344.10 141489.62 121847.16
ri -i i- i r| r, i| i i i| il-ni iii iiln li ni r| ri i| i ri, ls i ii i
-lrn li ni r|
177
(` in crore)
Business
Segments
Treasury
Corporate/
Wholesale Banking
Retail Banking
Other Banking
operations Total
2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11

Result 532.04 758.60 1630.83 1436.91 1160.19 1034.94 97.42 64.55 3420.48 3295.00
Unallocated
expenses

1201.60 641.75
Operating
Proft 2218.88 2653.25
Minority
Interest 0.04 3.49
Other
unallocable
Income 71.61 13.77
Income Taxes 524.62 925.09
Extraordinary
Proft / Loss 0.00 0.00
Net Proft 1765.83 1745.41
Other
information 0.00 0.00
Segment
Assets 40164.51 36028.08 58731.11 49726.33 42773.36 35996.50 62.18 153.72 141731.16 121904.64
Unallocated
assets -241.54 -57.48
Total assets 141489.62 121847.16
Segment
Liabilities 37544.76 32581.22 52745.33 45378.71 38207.71 32365.52 -38.47 -44.93 128459.33 110280.52
Unallocated
liabilities

13030.29 11566.62
Total
liabilities 141489.62 121847.16
Part B Geographic Segments

Domestic International Total
2011-12 2010-11 2011-12 2010-11 2011-12 2010-11
Revenue 13179.55 10369.66 242.88 181.16 13422.43 10550.82
Assets 135729.69 117503.06 5759.93 4344.10 141489.62 121847.16
Segmental expenses have been apportioned on the basis of segmental assets, wherever direct allocation is not possible.
Previous year fgures have been re-grouped wherever necessary.
178
9 - l ac af / kr i kV hZ i zd V hd j . k , , l 1 8
9 - 1 e wy l aL F kk
e q[ ; i zc a/ kd h; d kf e Zd
| -|.- i| i i li
| | i-nii ii li ( s.z.zo n)
| i| ~li ii li
| | i -i ii li (o.o.zoz )
-i i| il- i i ii c.s ii ill- i inni li ni (ls i rs.rz ii )
s.z v u q" kax h d ai u h %
9 - 2 - 1 b aM c Sad e p sZaV c Saf d ax l f o Zl st f y -
| | ni, l- ii| li (o.o.zo zc.or.zo)
| ilri| i, i ii| li (zc.or.zo s.os.zoz)
-i i| il- i i ii ` s.rs ii ill- i inni li ni (ls i ` s.s ii )
9 - 2 - 2 b aM Q aM e Su st e saV f y f e V sM
| -| - ll i, i li
i ii z.o ii (ls i `z.o ii) ill- i inni li ni|
s.s lin il-i i lln n- r i ; ii s ini s i i; -|i lin r| r| in, s
ini r i , nir i - i i - i lin r| r|
1 0 - i V ~V s , , l 1 9
1 0 - 1 e wy l aL F kk
--,li iii | n; -l-ni | ;sii |n, i r| lnln li,--i li lii i -
| nii i l-i ii |i -ii ini r|
1 0 - 2 v u q" kax h d ai f u ; ka
1 0 - 2 - 1 b aM c Sad e p sZaV c Saf d ax l f o Zl st f y -
-- l n il-ni i - |, ii l l lii-- -- ini r| i | -iln , n i
lii-- -- nrn, i n- inni l-n r (ìii -)
s.os.zoz i s.os.zo i
i l --i inni
50.11 78.09
n- --i inni i li r|
0.00 55.70
i i n i i -
0.00 82.90
i i i
0.00 27.03
11. i zf r ' ks; j v t Zu , , l 2 0
f o o j . k
2011-12 2010-11
;l-| i iii rn i i l ii (.i -)
1765.83 1698.92
;l-| ii | iiln in i
429770000 429770000
- ln i nii - li ri
` 40.01 ` 39.53
ln ;l-| i ln -~
` 10.00 ` 10.00
179
9. RELATED PARTY DISCLOSURES (AS 18)
9.1 PARENT
Key Managerial Personnel:
Shri. T M Bhasin Chairman & Managing Director
Shri V RamaGopal Executive Director (upto 31.12.2011)
Shri Rajeev Rishi Executive Director
Shri B Raj Kumar Executive Director (from 01.01.2012)
Remuneration paid to Key Management Personnel during the year ` 64.49 lakhs (previous year is ` 58.52 lakhs)
9.2 SUBSIDIARY COMPANY :
Shri G Rangarajan, President & Wholetime Director (01.4.2011 to 26.05.2011)
Mr.Banabihari Panda, President & Wholetime Director (from 26.05.2011 to 31.03.2012)
Remuneration paid to Key Management Personnel during the year is ` 9.58 lakhs (previous year is `18.13 lakhs)
Sri A T M Philip Joseph - Managing Director
Remuneration Paid to Key Managerial Personnel during the year is ` 2.40 lakhs (previous year is ` 2.40 lakhs)
9.3 Other related parties are State controlled Enterprises and hence no disclosures are required as per paragraph 9 of AS 18.
Further, in terms of paragraph 5 of AS 18, transactions in the nature of banker-customer relationship are not required to
be disclosed.
10. Leases (AS 19)
10.1 PARENT
The properties taken on lease/rental basis are renewable/ cancelable at the option of the Bank. The Banks liabilities in
respect of disputes pertaining to additional rent/ lease rent are recognized on settlement or on renewal.
10.2 SUBSIDIARY COMPANY:
In case of assets taken on lease
The company has operating leases for offce premises at various locations with the Parent. The future minimum
payments required under non-cancellable operating leases at year-end are as follows:
( ` in lakhs )
As on
31.03.2012
As on
31.03.2011
Lease payments for the year 50.11 78.09
Minimum Lease payments: Not later than one year 0.00 55.70
Later than one year but not later than fve years 0.00 82.90
Later than fve years 0.00 27.03
11. EARNINGS PER SHARE (AS 20)
Net Proft after tax available for equity shareholders (` ` Crore)
1765.83 1698.92
Weighted Average Number of Equity Shares 429770000 429770000
Basic & Diluted Earning Per Share ` 40.01 ` 39.53
Nominal value per Equity Share ` 10.00 ` 10.00
180
1 2 - l e sf d r f o Rr h; f o o j . k , , l 2 1
-ln l-n| li iin| | iii -ii (i;|i;) ,ii i| ii -i ( z) -ln l-n| lii i -ln l-n|
lii i ni iin| l ,ii i| liilii - l n r|
1 3 - v k; i j d j ksa d s f y , y s[ kkd j . k , , l 2 2
|-|(i-ilnn il-ni) , |-| (i-ilnn ni) - i- l- i r
M hV h, @ M hV h, y l a? kV d
(ìi -)
l a? kV d
31.03.2012 31.03.2011
i-ilnn il-ni
. inni,l--i;i -, nii i iii
113.54 129.29
z. --i ~ii
0.00 0.56
d qy & M hV h,
113.54 129.85
i-ilnn ni
. l-i il-ni -~ri
40.39 44.14
z. i| lnilni i
188.98 149.97
s. -- iin - i| n; il-ni rn iii
333.52 291.82
. lii l
*0.00 52.33
d qy & M hV h, y
562.89 538.27
f u o y M hV h, @ M hV h, y
(449.35) (408.43)
*i lil-,sc | iii sc()(viii) nn n ii | n; -i n| l i-ilnn ni r n i ; iii r| li ni r i l ; l
i li lii-- -ii| n -ii ni r |
1 3 - 2 v u q" kax h d ai f u ; ka
1 3 - 2 - 1 b aM c Sad e p sZaV c Saf d ax l f o Zl st + f y -
i-ilnn l l-n, ni - i- l- i r |
i-ilnn (`)
s.os.zoz i s.os.zo i
il-n ni il-n ni
i) -~ riln il-ni - - i n
36930816 37522039
ii) ii ~ii | l iii
90644827 92901899
iii)
2512443 2008596
56226454 57388456
1 3 - 2 - 2 b aM c Sad g km f l ax f y f e V sM
il | i i l, - l i , ii lin - ~r i i n i|n ril i , l iii i-ilnn il-n r| -ii ni r |
| i liin liii i ssszooo l, i lrn, .sz i | -in i i| r| iii nli il-ni
i li , i i-| riln lii i, i - rii i i, -in ii ni r| | ; -in i
lni li r i -i| -i ii -i | i li r|
| liii i zooroc i -, i liin s.oz ii | -in i| r, l l | i -|i -i | i
l i; iii r| li ni r|
| | | lri i i i| z.sr i r|
181
12. CONSOLIDATED FINANCIAL STATEMENT (AS 21)
The consolidated fnancial statements are prepared in accordance with the Accounting Standard (AS 21). Consolidated
Financial Statements issued by the Institute of Chartered Accountants of India (ICAI) and the guidelines issued by the
Reserve Bank of India on preparation of Consolidated Financial Statements.
13. ACCOUNTING FOR TAXES ON INCOME (AS 22)
13.1 PARENT
The major components of DTA (Deferred Tax Assets) / DTL (Deferred Tax Liabilities) are as follows:
DTA / DTL components
(` in Crore)
Components 31.03.2012 31.03.2011
Deferred Tax Assets
1. Liabilities provision allowable on payment / crystallization 113.54 129.29
2. Staff welfare expenses 0.00 0.56
TOTAL- DTA 113.54 129.85
Deferred Tax Liabilities
1. Depreciation on Fixed Assets 40.39 44.14
2. Interest on Government securities 188.98 149.97
3. Provision for Written-off Accounts 333.52 291.82
4. Special Reserve *0.00 52.33
TOTAL DTL 562.89 538.27
NET DTA/ DTL (449.35) (408.43)
* No provision for Deferred Tax Liability on deduction claimed under Section 36(1)(viii) of the Income Tax
Act, 1961 has been made as the same is considered as permanent difference consequent to the decision of the
Bank not to withdraw the reserve.
13.2 SUBSIDIARY COMPANY:
The major components of deferred tax asset/liability are as below:
Deferred Tax (` )
As on 31.3.2012 As on 31.3.2011
Asset Liability Asset Liability
i) Timing difference in depreciable assets 36930816 37522039
ii) Provision for Bad debts and NPAs 90644827 92901899
iii) Others 2512443 2008596
Total 56226454 57388456
13.2.2 INDBANK HOUSING LTD
a. The unabsorbed depreciation and carry forward losses eligible for set-off against future taxable income have not been
considered as deferred tax asset on the ground of prudence
b. The Income Tax Department has sent a demand notice for `4.32 crores for the assessment year 1999-00 including
interest. The demand is raised by considering the income on non-performing assets on accrual basis which, as per
the NHB directives, could not be recognised as income. The Company has contested the demand and fled an appeal
before the Honble Madras High Court.
c. In respect of the Assessment year 2005-06 Income Tax department has raised a demand of `19.02 Lakhs for which the
company has fled appeal before the commissioner of Income Tax and is hopeful of succeeding in the appeal and hence
no provision for tax has been considered necessary.
d. The refund receivable as per books of the Company is ` 2.85 crores.
182
1 3 - 2 - 3 b aQ aM e su st e saV f y f e V sM
v kL F kf x r d j n s; r k f u o y
i-ilnn ll-ni , nii i li l-ii r
-i zoz n -i zo n
i-ilnn ni
r| i l-n| r| - -~ri i - n ` 20067/- ` 21447/-
ii -n (|) ` 20067/- ` 21447/-
i-ilnn ni ()
i-ilnn ll-ni (|) i i
i-ilnn ni (l) ( |) ` 20067/- ` 21447/-
1 4 - , , l 2 4 d s v Ur x Zr i zd V hd j . k v i s{ kk, a & c an i f j p ky u
b aM c Sad e p sZaV c Saf d ax l so k, a f y f e V sM d ai u h l ss/ in r | ll- - lli iiiln liii i li ii
i i~ iiiln liii i i li li ii| l ss/ n ln-i lli iiiln -i | lin li -in
ri n i| i n r| il -ii| -ii | in| i ii | n; -ii| -ii i i| i ii li ini r, |
in| l i-|n - -i iin - ni i | iin| l || - |i
li i | -ln in | r| | | ll-i ,ii lln r|
ii ii i i i -ii, n-i-- i i inl l-n| lil-n ii| i n r iil- i - rii ni r|
lil-n i| ii i i n|i l i i li (lli iiiln) i i| i ii li (i~ iiiln) -
li ni r| l i i lii - -- i, iii i||, n ii- -i li il r| i| i ii lii
- -- ln, --i iln, liini lniin| i, l-n| -ii i lni i lin ii iil- r| i; li- i
nii i r| r|
r. i ilnln ini ii,in| li ,ii i|,l-i iii l in r| s.os.zoz i i, ii ili ` c.ro i
(ls i ` s.ss i) r i iii inni l i,| iii li ini i ~ lrn - lii-- -
r| l n r|
c. e wy l aL F kk
lli i -
i) i ii -- iin - i n ii-ii - | n; ` ss.so i | ili iil- r (ls i ` zs.r i )
i i) i lil- | iii sc(i) (viii) nnn ln lii l l lnn ii - -ilnn ni i -ilnn | ili
`rz.ss i r il i | i - r l -ii| n r i - -ilnn l i | i-ni r| r|
iii) `s.c i (ls i `c.z i) i l i ii ii ii | | r|
/. lli -ii ,li , ; i ii `19.26 i i in -ii (ls i r `12.55 i ) ii|
(` iii -)
-i i i n|i
2011-12 2010-11
. | |-i il| l
15.57 11.02
z. n| |-i il| l
3.19 1.08
s. - -i l
0.50 0.45
19.26 12.55
1 8 - v f r f j D r i zd V hd j . k
s.os.zoz i --;| lil-, zooc - liiln - |-i i i| --; ;i;i i i; ii ilii r| r|
s.z v u q" kax h
b aM Q aM e Su st e saV f y -
i l-n| i ii, i - iii - nliln il-ni - | i ./s i n lli l |
-ln | r| | ii ril lli iin l- - ./s i i lli li r|
s. ri i| i ri, i i i i l ls i ii i n|n li ni r|
183
13.2.3 INDFUND MANAGEMENT LTD
Deferred Tax liability (Net)
The Break up of Deferred Tax Assets/Liabilities as under
As at March 2012 As at March 2011
Deferred Tax Liability
Timing difference on account of
Differences in Depreciation
in Block of Fixed Assets as per ` 20067/- ` 21447/-
Tax book & Financial Book
(Cumulative)
Gross Deferred Tax Liabilities (A) ` 20067/- ` 21447/-
Deferred Tax Assets (B) Nil NIL
Deferred Tax Liabilities (Net) (A B) ` 20067/- ` 21447/-
14. DISCLOSURE REQUIREMENTS UNDER AS 24 DISCONTINUED OPERATIONS
INDBANK MERCHANT BANKING SERVICES LTD:
The Company had discontinued fund-based activities consequent to SEBI regulations coming into force with effect from
December 1997 and had decided to undertake only fee-based activities. The existing fund based exposures as on December
1997 are continued to run down to their contracted period. The Company had obtained cancellation of registration as NBFC
from RBI consequent to repayment of fxed deposits and transfer of unclaimed fxed deposits to an escrow account with a
nationalised bank for repayment as and when claimed. The Company is now governed only by SEBI regulations.
The business segments have been identifed as the Primary Segment considering the nature of service, organisational structure
and internal fnancial reporting system. The services of the reported domestic business segments are classifed as "Discontinuing
operations (Fund Based) and "Continuing Operations (Fee Based). Discontinuing operations consists of Leasing, Hire purchase,
Intercorporate deposits and Investments. Continuing operations include Merchant Banking, Stock Broking, Depository Participant
services, distribution of Financial Products and allied activities. There is no Secondary Reportable Segment.
15. Interest Recompense Entitlements are accounted for by the Holding / Subsidiary Companies on Realisation / Settlement. The
Balance amount payable / receivable as on 31.03.2012 is ` 6.50 crore (previous year ` 8.98 crore) which will be accounted
for as and when payment is made / realized and consequent adjustments to minority interests have not been made.
16. PARENT
Miscellaneous income includes:
i) a sum of ` 133.30 Crore ( previous year ` 128.15 Crore) being recovery in written-off accounts
ii) ` 52.33 crore being reversal of Deferred Tax Liability created in the earlier years in respect of Special Reserve created
U/S 36 (i) (viii) of the Income Tax Act, since in the opinion of the Management it is only a permanent difference and
not capable of reversal
iii) ` 134.46 Crore ( previous year ` 146.42 Crore ) being recovery of processing charges during the year
17. During the current year, the Bank has earned commission etc, to the extent of `19.26Crore on sale/ marketing of various
Bancassurance products (previous year `12.55 Crore).
(` in Crore)
Sl No. Nature of Income 2011-12 2010-11
1 For Selling Life Insurance Policies 15.57 11.02
2 For selling Non-life insurance policies 3.19 1.08
3 Others For selling Mutual Fund Products 0.50 0.45
Total 19.26 12.55
18. ADDITIONAL DISCLOSURES
18.1 PARENT
There is no outstanding dues payable by the bank to MSME units pending beyond the time limit prescribed under
MSMED Act, 2006 as on 31.03.2012.
18.2 SUBSIDIARY COMPANIES
INDFUND MANAGEMENT LTD.:
During the current fnancial year SEBI had permitted to appropriate further recovery of NPA of Ind Jyoti Scheme to the
extent of ` 1.78 crore. Company has appropriated ` 1.78 crore to the credit of Proft and Loss Appropriation account.
19. Previous years fgures have been regrouped / reclassifed, wherever necessary, to conform to current years fgures.
184
e kp Z 31, 2012. d ks l e kI r o " kZ d s f y , l e sf d r u d n h i zo kg f o o j . k
(` =t| : -)
31.03.2012 H$mog _ m d f 31.03.2011 H$mog _ m d f
.li liii ir
y kHk o g kf u [ kkr s d s v u ql kj f u o y y kHk
1765.87 1741.92
f u Eu f y f [ kr g ssr q l e k; kst u

iii il--ni
1726.22 1566.85
-~ri
90.00 72.57
l- i i | l| ril,(ii)
0.84 (1.10)
d k; Z' khy i wt h i f j o r Zu ksa d ss i wo Z i f j p ky u x r y kHk
3582.93 3380.24
i f j p ky u x r v kf L r ; ksa e sa o `f ) @ d e h

lii - -|, (l,)
(3134.67) (6521.93)
ln-i - (l,)
(15068.26) (13097.49)
il-ni - -| ,(l,)
(990.51) (231.69)
(19193.44) (19851.11)
i f j p ky u x r n s; r kv ksa e sa o `f ) @ d e h
-ii - l,
14997.25 17562.85
nii - l, , (-|)
(1266.59) (1287.53)
13730.66 16275.32
i f j p ky u ks l s l `f t r f u o y u d n h v
(1879.85) (195.55)
c h- f u o s k x f r f o f k; ksa l s u d n h o kg
il-ni | i|
(157.07) (135.68)
il-ni | l|
12.01 7.68
f u o ss' k x f r f o f / k; ksa l s l `f t r f u o y u d n h v k
(145.06) (128.00)
l h- f o Rr i ks" k. k x f r f o f / k; ksa l s d qy u d n h i zo kg
iiii i nni
(362.33) (319.35)
iiii lni i nni
(57.23) (53.91)
m / kkj e sa o `f ) @ d e h
2695.86 1143.01
f o Rr i ks" k. k x f r f o f / k; ksa l s l `f t r f u o y u d n hb
2276.31 769.75
u d n h v kSj u d n h l e d j . kksa e sa f u o y o `f ) @ d e h v +$ v k++$ b
251.40 446.20
o " kZ d s i zkj aHk e sa u d n h o u d n h l e d j . k
rii - |(li| -i i- lrn)
249.73 303.81
iin| l ii i iin - ii
6628.23 6756.93
i - ii

() i iini -
56.33 61.84
(|) -i iini -
0.96 1.33
e kax , o a v Y i l wp u k i j j kf ' k; ka
0.00 549.62
iin ir i - ii

() i iini -
327.58 339.28
(|) -i iini -
1272.63 84.06
-in ~ i ilii
27.83 20.22
8563.29 8117.09
185
Consolidated Cash Flow Statement for the year ended March 31, 2012
(` in Crore)
Year ended 31.03.2012 Year ended 31.03.2011
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Proft as per Proft & Loss Account 1765.87 1741.92
Adjustments for :
Provisions & Contingencies 1726.22 1566.85
Depreciation 90.00 72.57
Loss/(Proft) on Sale of Assets 0.84 (1.10)
Operating Proft before working capital changes 3582.93 3380.24
INCREASE/DECREASE IN OPERATING ASSETS
Decrease/(Increase) in Investments (3134.67) (6521.93)
(Increase) in Advances (15068.26) (13097.49)
Decrease /(Increase) in Other Assets (990.51) (231.69)
(19193.44) (19851.11)

INCREASE/DECREASE IN OPERATING LIABILITIES
Increase in Deposits 14997.25 17562.85
Increase /(Decrease) in Other Liabilities (1266.59) (1287.53)
13730.66 16275.32
Net cash generated from operating Activities (A) (1879.85) (195.55)
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets (157.07) (135.68)
Sale of Fixed Assets 12.01 7.68
Net cash generated from Investing Activities (B) (145.06) (128.00)
C. CASH FLOW FROM FINANCING ACTIVITIES
Payment of Dividend (362.33) (319.35)
Payment of Dividend distribution tax (57.23) (53.91)
Increase / (Decrease) in borrowings 2695.86 1143.01
Net cash generated from Financing Activities (C) 2276.31 769.75
Net increase/(Decrease) in cash & cash equivalents (A+B+C) 251.40 446.20
CASH & CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR
Cash in hand (including foreign currency notes) 249.73 303.81
Balances with Reserve bank of India -in current account 6628.23 6756.93
Balances with Banks
(a) in current accounts 56.33 61.84
(b) in other deposit accounts 0.96 1.33
Money at call and short notice (with Banks) 0.00 549.62
Balance with Banks Outside India
(a) in Current Accounts 327.58 339.28
Money at call and short notice 27.83 20.22
8563.29 8117.09
186
o " kZ d s i zkj aHk e sa u d n h o u d n h l e d j . k 31.03.2012 H$mog _ m d f 31.03.2011 H$mog _ m d f
rii - | (li| -i i- lrn) 300.18 249.73
iin| l ii i iin - ii 6018.70 6628.23
i - ii
() i iini - 69.85 56.33
(|) -i iini - 0.28 0.96
c Sad ksa e sa e kax , o a v Y i l wp u k i j j kf ' k; ka
645.26
iin ir i - ii
() i iini - 568.50 327.58
(|) -i iini - 1180.40 1272.63
-in ~ i ilii
31.52 27.83
8814.69 8563.29
WmZ Place , Chennai
VmarI Date : 11.05.2012
-| - i| i| ~li | i -i i l
li DIRECTORS:
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No. 14309) (M No.24775) (M.No. 023962)
| ii l nii i . ni
(M.No. 085542) (M No.87939) (M No.081492)
187
CASH & CASH EQUIVALENTS AT THE END OF THE YEAR Year ended 31.03.2012 Year ended 31.03.2011
Cash in hand (including foreign currency notes) 300.18 249.73
Balances with Reserve bank of India -in current account 6018.70 6628.23
Balances with Banks
(a) in current accounts 69.85 56.33
Money at call and short notice (with Banks) 645.26
Balance with Banks Outside India
(a) in Current Accounts 568.50 327.58
Money at call and short notice 31.52 27.83
8814.69 8563.29
WmZ Place , Chennai
VmarI Date : 11.05.2012
-| - i| i| ~li | i -i i l
li DIRECTORS:
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No. 14309) (M No.24775) (M.No. 023962)
| ii l nii i . ni
(M.No. 085542) (M No.87939) (M No.081492)
188
l e sf d r f o Rr h; f o o j f . k; ksa i j y s[ kki j h{ kd ksa d h f j i ksV Z
i -,
f u n s' kd e aM y
b af M ; u c Sad
. r- ;l nii | ilni rilni s -i zoz
n -ln n , | ni|i i
-in i ii ril ii nii ;| ni|i i -in i l
-ln | ir li| | i | r l- l- lnl-n r
i. r-i ,ii ii|lin ;l i
ii. ii|ii ,ii ii|lin s ilni i
iii. ii|ii ,ii ii|lin s rilni i
-ln l-n| llii ;l i i il- r i i
,ii i l-n| llii i | ilni i rilni
| n l-n| ii| iii ni l in r| r-i|
l--i| | ii |ii iii ; llii -n -
i r|
z. r- -ln l-n| llii i | ii|ii iin - i-in
-|n ii|ii -ii i li r| -ii
nnn r ii | n; i| l r- | ii|ii | ii
; i i i liln l r- -ln ;
i - i-n ri i l l-n| lii i| -i ri -
ri n i i ni l n r i li-n
i| i; nn ii| r| | n; r| ii|ii nnn l-n|
lii - lii| n| ilii i -|i -i - l n
i i |ii ni i iil- r| ii|ii nnn
i ,ii n iii l,ini nii -i ii i liii
nii -nn l n -n l-n| li i -~i i| iil- r|
r- li r l r-i| ii|ii r-i li-n l ln
iii r|
s. ilni | l-n| llii ii |ii ,ii ii |lin
| n| r l| li- r- -nn | n| r nii ri n ilni
i - iil- | n; ili lin r-i| i r, r in
ii |ii | li- iiiln r|
. ;l-| ,ln nrn rilni - ;l li -~ i lnl-n
l r- n| rilni | l-n| llii i| li
li r|
r. r- li- n r l ,ii -ln l-n| li, iin| |
iii -ii ,ii i| iii -i () z -ln
l-n| li i zs -ln l-n| lii - rilni
- li rn ii iin| l | inii
i ni l n r
c r-i| i i ll-n n r, r- l-i| -i i- /. |
i i ilin n r i il i i i iin| l
,ii il i i -ili i i l~ l
i n-| |-i - l, li lli- ri
l ||i| .||.||,so,z.o.os,zoo
li os oz zo l ii -i () r, -i|
ii iiii in | n; s- rs/.rs
i | |-i n i i i n-| ln il-
i-in i i ni r|
/. r-i| ii|ii i i l-n| lii nii i-i |
l-n| ii| ii |iii | li-i li
i r-i| i-n- ii| r- l n --|ii i
nii | s i- .r ii , r-i| i r
l -ln l-n| li iin - i-in -|n ii
iili - r| i-nl l - n r
i. -ln n -i- - r s -i zoz i
-ln i
ii. -ln ii ril i -i- - ni|i i -inn
i -ln ii i
iii. -ln | ir li -i- - -ln l-n| li
,ii | n; li l -ln | ir |
|- Place -- Chennai
+| Date : 11.05.2012
n i- n | | n ~ii- |
--ili- i -ri -i-i
(M.No. 14309) (M No.24775) (M.No. 023962)
| ii l nii i . ni
(M.No. 085542) (M No.87939) (M No.081492)
189
AUDITORS REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
1. We have examined the attached Consolidated Balance
Sheet of the Bank, its subsidiaries and associates (The
Bank) as at 31
st
March 2012, the Consolidated Proft and
Loss Account for the year ended on that date and the
Consolidated Cash Flow Statement for the year ended
on that date annexed thereto, in which are incorporated
the:
i. Accounts of the Indian Bank audited by us,
ii. Accounts of 3 subsidiaries audited by other auditors,
and
iii. Accounts of 3 associates audited by other
auditors.
These Consolidated Financial Statements are the
responsibility of the Banks Management and have
been prepared by the management on the basis of
separate fnancial statements and other fnancial
information of the Bank, its subsidiaries and associates.
Our responsibility is to express an opinion on these
fnancial statements based on our audit.
2. We conducted our audit of the consolidated fnancial
statements in accordance with the generally accepted
auditing standards in India. Those Standards require
that we plan and perform the audit to obtain reasonable
assurance whether the fnancial statements are prepared,
in all material aspects in accordance with identifed
reporting framework and free of material misstatements.
An audit includes, examining on a test basis, evidences
supporting the amounts and disclosures in the fnancial
statements. An audit also includes assessing the
accounting principles used and signifcant estimates
made by management, as well as evaluating the overall
fnancial statements presentation. We believe that our
audit provides a reasonable basis for our opinion.
3. The fnancial statements of the subsidiaries have been
audited by other auditors whose reports have been
furnished to us and in our opinion, in so far as it relates
to the amount included in respect of the subsidiaries,
is based solely on the report of the other auditors.
4. We have also considered the fnancial statements
of three Associates audited by other auditors for
To
incorporating the Investment value of Indian Bank in
Associates under Equity Method.
5. We report that the consolidated fnancial statements
have been prepared by the Bank in accordance
with the requirements of Accounting Standard (AS)
21 Consolidated Financial Statements and AS
23 Accounting for investments in Associates in
Consolidated Financial Statements issued by the
Institute of Chartered Accountants of India and the
requirements of Reserve Bank of India.
6. Without qualifying our opinion, we draw attention to
Note 7.1 to the fnancial statements, which describes
deferment of pension and gratuity liability of the
bank to the extent of ` 587.53 crore pursuant to the
exemption granted by the Reserve Bank of India to the
Public Sector Banks from application of the provisions
of Accounting Standard (AS) 15, Employee Benefts,
vide its circular no.DBOD.BP.BC/80/21.04.018/2010-11
dt.09.02.2011 on Re-opening of Pension Option to
Employees of Public Sector Banks and Enhancement
in Gratuity Limits Prudential Regulatory Treatment.
7. Based on our audit and on consideration of report of
other auditors on separate fnancial statements and
on the other fnancial information of the components,
and to the best of our information and according to the
explanations given to us and read with Note No.15 of
Schedule 18, we are of the opinion that the attached
consolidated fnancial statements give a true and fair
view in conformity with the accounting principles
generally accepted in India:
i) In the case of the Consolidated Balance Sheet, of
the consolidated state of affairs of the Bank as on
31
st
March 2012;
ii) In the case of the Consolidated Proft & Loss
Account, of the Consolidated Proft of the Bank for
the year ended on that date, and
iii) In the case of Consolidated Cash Flow Statement, of
the Consolidated cash fows of the Bank for the year
covered by the Consolidated Financial Statements.
|- Place -- Chennai
+| Date : 11.05.2012
THE BOARD OF DIRECTORS
INDIAN BANK
Registration No. 000571S Registration No. 004283S Registration No. 001676S
S PATTABIRAMAN R MAHESH K RAMESHKUMAR
(M. No.14309) (M. No.24775) (M. No.23962)
For S MOHAN & CO For A B P & ASSOCIATES For Raj K Aggarwal & Associates
Registration No. 000608N Registration No. 315104E Registration No.002585N
(M. No.85542) (M. No.87939) (M. No.81492)
190
iin| l ,ii ii ll- II inii
i i - lnln -|i
l kj . kh M h, Q + & 1
v u qi z; ksx d k { ks= kf / kd kj
x q. kkRe d i zd V hd j . k
r i ;l in rin| rS
i) iilin | inni -i ( II -ni s | inii -) -n (iiil- l-iln) ;l in rin
r|
ii) l-n| li lnril inn ii i - ~i iii ni l in r nii iin| iiiii i - iin - ln
illi iiii ,lni r nii li l-in iiiii i - ii ni i i - ln illi iiii
,lni r|
iii) | l-llin n| ilni r ii () ; -- ln l ll-- (i) ; riln l., nii (n) ; ---
ll-- i n| il- r ii (i) ~ ni- (ii) nlnl ni-|i i (iii) iilni ni- |
-r (- -ii | ilni il-) -ln l-n| li, ;l (- -ii) i | ilni, ;l ii
|lin l-n| lii iii , il-ni, nii, i | | -i i ii i, i; i; iii l-in r n
-r i i in ii , rili i si i -i iii |ln i ii -ii i ni l n r|
ilni il-, illi inii i lin lli- iliii ,ii ll- iii |lni i i n r| lli
iii |lni i i l i | l- -ln l-i| li li,illi inii lin iii |lni i in r
ni l in r|
- -ii i iiln -ii - li l r; inn i | ni|i i in| -ii - - | | ;l-| - n i l-n| li - |
l nii i- - li ini r| i ii , rili - - | lr- i -ii, i- l ln li ini r|
in| -ii li l lii- i in| | l-n - ~ i ii l il-n i r i nilnn r i ~i
i r|
iii -i () zs, i l ilii |lin l-n| lii iii i;|i; ,ii i| -ln l--i| lii - il-
- lii l iii i il- - lii i ;l-| n| nrn ii, li ni r|
e k kkRe d d V hd j . k in r|
l kj . kh M h, Q + & 2
i w a t h l a j p u k
x q . kkRe d i z d V hd j . k %
) l- | - ;l-| i | i l-i| n | li-i i | iil- r nii l - illi l, | i- l, i
|l-- i ii ril i - ii ili iil- r|
|) l-z | - -~i l, l-II i nii ~i i-i iii iil- r|
e k kkRe d i z d V hd j . k %
f V ; j & 1 i wat h (` i -)
f o o j . k , d y l ko ZHkkSf e d l e sf d r
-n ;l-| i |
429.77 429.77
l-i| n | li-i i |
400.00 400.00
l
8723-52 8863.06
i-i i-ilnn il-n
0.00 5.74
l- I
9553.29 9687.21
191
ADDITIONAL DISCLOSURES IN TERMS OF COMPLIANCE OF
BASEL II REQUIREMENTS AS STIPULATED BY RESERVE BANK OF INDIA
Table DF 1
Scope of Application
Qualitative Disclosures
The framework applies to Indian Bank
i) The revised capital adequacy norms (in conformity with Basel II Pillar 3 requirements) applies to Indian Bank at the
solo level (global position).
ii) The fnancial statements are prepared by following the going concern concept on historical cost convention and
conform to the statutory provisions and practices prevailing in India in respect of Indian branches and in respect of
foreign branches as per statutory provisions and practices prevailing in the respective countries, unless otherwise
stated.
iii) The Bank has the following three subsidiaries namely (a) IndBank Merchant Banking Services Ltd, (b) Ind Bank Housing
Ltd. and (c) Indfund Management Ltd. and three associates namely (i) Pallavan Grama Bank, (ii) Saptagiri Grameena
Bank and (iii) Puduvai Bharathiar Grama Bank
Consolidated fnancial statements of the group (parent, its subsidiaries and associates) have been prepared on the basis
of audited fnancial statements of Indian Bank (parent) and its subsidiaries, combined on line by line basis adding together
like items of assets, liabilities, income and expenses, after eliminating intra group transactions and unrealized proft /
losses. The Subsidiaries and Associates follow Accounting Policies as prescribed by the respective regulatory authorities
and as per statutory requirements. In view of such diverse accounting policies required to be followed, the consolidated
fnancial statements have been prepared by adopting the respective accounting policies of the mandated / statutory
requirements.
The difference between the cost to the parent of its investment in subsidiary entity and the parents portion of its equity
in the subsidiary with reference to the date of acquisition is recognized in the fnancial statements as Capital reserve and
Goodwill. The parents share of the post acquisition of profts / losses is adjusted against the Revenue Reserve.
The minority interest in the net result of the operation and the asset of the subsidiary, represent that part of proft and the
net asset attributable to the minorities.
Investments in Associates are accounted for under Equity method as per Accounting Standards (AS) 23 Accounting for
investments in Associates in Consolidated Financial Statements issued by ICAI based on the audited Financial Statements
of the Associates.
Quantitative Disclosures NA
Table DF 2
Capital Structure
Qualitative Disclosures:
a) Tier 1 Capital includes Equity Share capital and Perpetual Non-cumulative Preference Share capital, Reserve comprising
of Statutory reserves, capital and revenue reserves, share premium and Balance in Proft and Loss account
b) Tier 2 Capital consists of the Revaluation Reserves, Tier II Bonds Subordinated debt and general provisions.
Quantitative Disclosures:
Tier 1 Capital (` in Crore)
Particulars Solo (Global) Consolidated
Paid up Equity Share Capital 429.77 429.77
Perpetual Non cumulative Preference Share Capital 400.00 400.00
Reserves 8723.52 8863.06
Less Deferred Tax Asset 0.00 5.62
Total Tier 1 9553.29 9687.21
192
f V ; j & 2 i wat h (ìi -)
nii ~i
1036.04 1036.04
i-i iii l
447.02 402.52
-~i l
523.82 523.82
d qy f V ; j & 2
2006.88 1962.38
d qy i wat h f V ; j & 1 , o a f V ; j & 2
11560.17 11649.59

l kj . kh M h, Q + & 3
i wt h i ; kZI r r k
nii -ln ii -ni s lnin li i |ii nii c lnin li i l- |ii ini r|
iilin i i l| n- -n + lin n- | i ini r, il l-llin lin ri
() iilin i i lin n- | ,
(|) i i lin n- | i so lnin
() ~i ili- rn | ini (` ii -)
li (iiil-) -ln
-i|n lin- ni| lin
6843.41 6847.27
lnilni ~i i i
(|) ii ili- rn | ini (` ii -)
-i|n li lin-
li (iiil-) -ln
i ili-
175.20 175.20
li| ll- ili- (-i lrn)
4.50 4.50
;l-| ili-
85.58 85.58
(|) linn ili- rn |nn ini (` ii -)
li (iiil-) -ln
- n lin-
616.42 618.00
(|) nii l- | in
li (iiil-) -ln
| inni in
13.47% 13.56%
l- | inni in
11.13% 11.28%
193
Tier 2 Capital (` in Crore)
Subordinate Debt 1036.04 1036.04
General Provisions 447.02 402.52
Revaluation Reserves 523.82 523.82
Total Tier 2 2006.88 1962.38
Total Capital (Tier 1 and Tier 2) 11560.17 11649.59
Table DF 3
Capital Adequacy
Bank maintains at both solo and consolidated level CRAR of more than 9% and Tier 1 CRAR of more than 6%.
The Bank maintains the minimum capital required as per Revised Framework above the Prudential foor viz higher of
(a) Minimum capital required as per the Revised Framework;
(b) 80% of the minimum capital required as per Basel 1 framework.
Quantitative disclosures
(a) Capital requirements for credit risk:
(` in Crore)
Portfolios subject to standardized approach 6843.41 6847.27
Securitization exposures Nil Nil
(b) Capital requirements for market risk:
Standardized Duration Approach
(` in Crore)
Interest Rate Risk 175.20 175.20
Foreign Exchange Risk (including gold) 4.50 4.50
Equity Risk 85.58 85.58
(c) Capital requirements for operational risk:
(` in Crore)
Basic Indicator Approach 616.42 618.00
(d) Total and Tier 1 capital ratio:
Total Capital Adequacy Ratio 13.47% 13.56%
Tier 1 Capital Adequacy Ratio 11.13% 11.28%
194
l kj . kh M h, Q + & 4
_ . k t ksf [ ke % l Hkh c Sad ksa g sr q l ke kU; i zd V hd j . k
i lini nii il-n n| i -i i r n lli- ,ii liilin ls ii nii ll- n liiiii i ( iii i ii ) ii r |
~i i li- i |ln in | r i ; i| iiiii i liln li ni r | |ln i - r lln i r l li i | -iii
r nii i | i|lni i li -n ii l ii - r ii ni r | r |ln rn ~i -i , ~i il r n -i, i - i li
i, ~i -|ii n , i li- |i, i li- lni| nii - ~i , iii|i nii lli- , lli i l | |-ii i lii ln n| r |
i li-i | ri ni r i i iiln n r nii ; i li-i -i, lni| nii l i l ln n|| i i n ni r |
l i , i | i li- i l-ln |ln n i n| r nii lli ~i i li-i i lii ln n| r , ~i i li- i l-ln i , i-| ,ii -i ln
; |lni i|lni i ii ln n| r , i iii ~i i li- | lni| ni r nii i li- |-ii i i lln ni r |
() nii i- lr iini i r n i |-i lii i (|) n |-i l- n (|) i ni i |-i nii (|) i - ~ii ii ni l
lni l ii ,ii i li- |i i ni r | i| i i i i i - n| n li ni r ii -n, lii, l-|
l| i| iini lin ~i i li- i -i l ii iin | l- n i -r- i i -ini r i n i - l,ii-| ~i
l- n ii| i | n; i|| lli i i l | inii n i- iln l- n , -i l n -i n i l n r i ; lli
i i r n iiiii , ii i - liln li ni r |
() ~i i li- i i in lli iiiln n lli iiiln (` ii -)
li (iiil-) -ln
~i ili- -ii
lli iiiln
~i ln-
91184.20 91185.19
li
26839.36 26845.24
il-ni
12946.34 12996.01
lli iiiln
130969.90 131026.44
n lli iiiln l - il-- l-, li nii - ili- r
67360.35 67367.77
~i ili- -ii
198330.25 198394.21
(|) i i i ii ni l lni (- ln), lli iiiln n lli iiiln n in (` ii -)
iinil i lli iiiln il-- ~i, li nii - lrn
nlli iiiln
i|
6610.58 2679.19 9289.77
i|
124415.86 64688.58 189104.44
131026.44 67367.77 198394.21

195
Table DF 4
Credit Risk : General disclosures for all banks
Bank has adopted the defnitions of the past due and impaired (for accounting purposes) as defned by the regulator for Income
Recognition and Asset Classifcation norms.
The Bank has put in place the Credit Risk Management Policy and the same has been circulated to all the branches. The main
objective of the policy is to ensure that the operations are in line with the expectation of the management and the strategies of
the top management are translated into meaningful directions to the operational level. The Policy stipulates prudential limits on
large credit exposures, standards for loan collateral, portfolio management, loan review mechanism, risk concentrations, risk
monitoring and evaluation, provisioning and regulatory / legal compliance.
The Bank identifes the risks to which it is exposed and applies suitable techniques to measure, monitor and control these
risks.
While the Board / Risk Management Committee of the Board devises the policy and fxes various credit risk exposures, Credit
Risk Management Committee implements these policies and strategies approved by the Board / RMC, monitors credit risks on
a bank wide basis and ensures compliance of risk limits.
The Bank studies the concentration risk by (a) fxing exposure limits for single and group borrowers (b) rating grade limits
(c) industry wise exposure limits and (d) analyzing the geographical distribution of credit across the Zones. All the Zones are
categorized under four segments namely North, South, East and West.
Bank considers rating of a borrowal account as an important tool to measure the credit risk associated with any borrower and
accordingly implemented software driven rating/scoring models across all Branches/ Zonal Offces.
(a) Total gross credit risk exposures, Fund Based and Non-fund based separately. (` in Crore)
Gross Credit Risk Exposures
Fund Based
Loans and Advances 91184.20 91185.19
Investments 26839.36 26845.24
Other Assets 12946.34 12996.01
Total Fund Based 130969.90 131026.44
Non Fund Based including contingent credit, contracts and derivatives 67360.35 67367.77
Total Credit Risk Exposure 198330.25 198394.21
(b) Geographic distribution of exposures (Consolidated), Fund based and Non-fund based separately
(` in Crore)
Geographical
Region
Fund Based Non Fund Based including contingent
credit, contracts and derivatives
Total
Overseas 6610.58 2679.19 9289.77
Domestic 124415.86 64688.58 189104.44
Total 131026.44 67367.77 198394.21
196
(|) s os zoz n -i i i ni ni lni ( i ii l-) (` ii -)
-i in i i-
ii
ln, ~i
lli iiiln n lli iiiln
- i r|i lrn
224.19 3.30 262.91
z iiil i
z. l|
9651.67 1042.38 13863.28
z.z i- ,
2897.57 99.19 5312.89
z.s -|i-
719.60 126.27 1070.84
z. iiil i
1209.48 796.40 3960.71
z.r ili -ii
2351.78 112.90 3047.80
z.c -ni
365.31 69.13 554.71
z./ ri-
597.62 22.13 822.72
s -il- -il- -i
2785.33 378.61 6991.00
-
3628.12 245.93 5790.58
r ||
719.63 52.14 1072.45
c iri ;-in
2820.28 767.98 5141.54
/ i| ;|lln
1753.01 2760.47 6315.91
s iii| i
570.25 173.56 1275.13
s iin ii (i, iin n -ln lrn)
1280.00 99.03 1942.77
o i~| -ln
322.54 60.47 502.60

94.55 2.62 269.91
z |-- |-- -i
1130.81 88.30 1915.17
s -i -i -i
131.65 44.12 283.67
;-il - (ri i-)
698.24 293.74 1320.64
r i , i|
74.48 0.26 94.77
c --i i-i-
911.67 2406.20 4909.08
/ , il-- -i (-i lrn)
554.55 102.02 1137.20
s i-i-i; (ir, ir i lr -)
877.79 849.73 2304.94
s n-i
226.01 4.96 372.79
zo | | -i
144.21 117.81 355.29
z in in -i
464.00 71.10 635.78
zz
106.23 70.05 353.19
zs iin iin -i
929.38 137.46 1241.75
z -i ii
222.01 73.41 549.44
zr l-i
792.33 0.00 822.25
zc -|li -i
481.06 533.78 1233.06
z/ ill--
453.73 261.38 1064.78
zs ri l-ii
284.97 235.93 763.20
zs ii (- ii ii ii)
4937.63 1916.27 10080.03
so ||
8480.29 149.43 10564.67
197
(c) Industry-wise distribution of exposures (Solo - Global) as on 31 03 2012 (` in Crore)
S.No. Name of the Industry
Outstanding
Commited
Exposure
Fund Based Non Fund Based
1 Gems and Jewellery including Diamond 224.19 3.30 262.91
2 Infrastructure
2.1 Power 9651.67 1042.38 13863.28
2.2 Ports / Roads 2897.57 99.19 5312.89
2.3 Telecom 719.60 126.27 1070.84
2.4 Other infrastructure 1209.48 796.40 3960.71
2.5 Educational Institution 2351.78 112.90 3047.80
2.6 Hospital 365.31 69.13 554.71
2.7 Hotel 597.62 22.13 822.72
3 Petroleum and Petroleum Products 2785.33 378.61 6991.00
4 Textiles 3628.12 245.93 5790.58
5 Sugar 719.63 52.14 1072.45
6 Iron & Steel 2820.28 767.98 5141.54
7 All Engineering 1753.01 2760.47 6315.91
8 Pharmaceuticals & Chemicals 570.25 173.56 1275.13
9 Food Processing (including Cashew, Edible Oils & Vanaspati) 1280.00 99.03 1942.77
10 Colliery & Mining 322.54 60.47 502.60
11 Fertilizer 94.55 2.62 269.91
12 Cement & Cement Products 1130.81 88.30 1915.17
13 Leather & leather products 131.65 44.12 283.67
14 Electronics & Computers (Hardware & software) 698.24 293.74 1320.64
15 Tea / Coffee 74.48 0.26 94.77
16 Construction contractors 911.67 2406.20 4909.08
17 Rubber, Plastics and their products (including tyre) 554.55 102.02 1137.20
18 Automobiles (Vehicles, Vehicle Parts & Transport Equipments) 877.79 849.73 2304.94
19 Beverages and Tobacco 226.01 4.96 372.79
20 Wood and Wood Products 144.21 117.81 355.29
21 Paper and Paper Products 464.00 71.10 635.78
22 Glass and Glassware 106.23 70.05 353.19
23 Other metal and metal products 929.38 137.46 1241.75
24 Printing and Publishing 222.01 73.41 549.44
25 Aviation 792.33 0.00 822.25
26 Media and Entertainment 481.06 533.78 1233.06
27 Logistics 453.73 261.38 1064.78
28 Ship Building 284.97 235.93 763.20
29 Trade (Other than retail trade) 4937.63 1916.27 10080.03
30 NBFC 8480.29 149.43 10564.67
198
(|) ln -i l ii | li- linn lni n n i ( i ii l-) (` ii -)
li l z/ l s
l
rzs
l
zs l
s -ir
s -ir
li
c -ir
n
c -ir
li
i n
i
li
s i n
s i
li
r i n
r i
li
ln-
1058.56 1553.49 3077.21 3099.25 8116.98 7507.43 12414.08 30701.58 11005.56 11789.46 90323.60
li
199.75 1380.79 783.01 964.45 5806.07 4502.14 7467.64 9726.50 834.39 9542.58 41207.32
i () `sco. i | lni lni nii |, ;l-| `zzs.sr i i ro lnin lrn
(` ii -)
(;) | | ili () ( iiil-)
1850.78
-i
1322.85
li
316.64
li z
185.71
li s
11.23
ril
14.35
() l |
1196.83
(|) | in
lnln |
2.03%
l lnln l |
1.33%
() | i iin- ()
iii
740.31
i
1879.51
i-i
769.04
nii
1850.78
(i;) | iii i iin-
iii
159.73
i ii l n iii
994.58
--iin ii
654.74
lnln iiii i lni
21.83
nii
477.74
() n li lii | ili
0.74
() n li li rn iiln iii ili
0.74
() lii -~ri rn iiii i iin-
iii
208.61
i ii l n iii
5.00
--iin ii
0.00
lnln iiii i lni
0.00
nii
213.61
199
(d) Residual contractual maturity break-up of advances and investments (Solo-Global) (` in crore)
Details 1 Day 2-7 Days 8-14
Days
15-28
Days
29 Days-
3 M
>3M
- 6 M
>6 M - 1
Year
>1 Y
3Years
>3 Y
-5Years
>5 Years Total
Advances 1058.56 1553.49 3077.21 3099.25 8116.98 7507.43 12414.08 30701.58 11005.56 11789.46 90323.60
Investments* 199.75 1380.79 783.01 964.45 5806.07 4502.14 7467.64 9726.50 834.39 9542.58 41207.32
*Includes Repo(LAF) securities of ` 3460.14 Crore and excludes 50% of listed equities of ` 228.85 Crore
(` in Crore)
(e) Amount of NPAs (Gross) - (Solo-Global) 1850.78
Substandard 1322.85
Doubtful 1 316.64
Doubtful 2 185.71
Doubtful 3 11.23
Loss 14.35
(f) Net NPAs 1196.83
(g) NPA Ratios
Gross NPAs to gross advances 2.03%
Net NPAs to net advances 1.33%
(h) Movement of NPAs (Gross)
Opening Balance 740.31
Additions 1879.51
Reductions 769.04
Closing Balance 1850.78
(i) Movement of provisions for NPAs
Opening Balance 159.73
Provisions made during the period 994.58
Write Off 654.74
Write-back of excess provisions 21.83
Closing balance 477.74
(j) Amount of Non-Performing investments 0.74
(k) Amount of Provisions held for non-performing investments 0.74
(l) Movement of provisions for depreciation on investments
Opening balance 208.61
Provisions made during the period 5.00
Write-off 0.00
Write-back of excess provisions 0.00
Closing balance 213.61
200
l kj . kh M h, Q + & 5
_ . k t ksf [ ke % e ku d hd `r v f Hkx e d s v / ; / khu l af o Hkkx ksa g sr q i zd V hd j . k
x q. kkRe d i zd V hd j . k %
| inni i i r -iii ii-, | ii -ii il l iin| l ,ii -iln i liii
liii ii ) i;l |) ;i |) i |) l- ,ii ll- l-n i in ni r| ; + lnln lli-
liilii - -n l n i, ; iiiln ir| liii -ln i| iii ni r| iiii i n
liiln -i in r|
e k= kRe d i zd V hd j . k %
-i|n lin- nrn ~i ili- lii i liiln ~i ili- -ii ( iiil-) l-ii r (` ii -)
f o o j . k
oo lnin iliii
|
oo lnin
iliii
oo lnin li
iliii
in
r| -~ ili-
iiln -~
r| -~ ili-
iln -~
r| -~ ili-
iiln -~
r| -~ ili-
iiln -~
lli iiiln
~i ln-
47168.72 19040.28 29370.78 28806.44 14644.71 14126.24 91184.21 61972.96
li
26591.56 38.30 228.81 228.81 18.98 28.45 26839.35 295.56
il-ni
10766.62 1003.45 2179.72 1925.21 0.00 0.00 12946.34 2928.66
lli iiiln
84526.90 20082.03 31779.31 30960.46 14663.69 14154.69 130969.90 65197.18
n lli iiiln l-
i ln ~i iil- r
45457.81 2308.47 16369.46 5898.20 5533.08 2634.03 67360.35 10840.70
~i iliii
129984.71 22390.50 48148.77 36858.66 20196.77 16788.72 198330.25 76037.88
-i|n lin- nrn ~i ili- lii i liiln ~i ili- -ii (-ln) l-ii r (` ii -)
f o o j . k
oo lnin iliii
|
oo lnin
iliii
oo lnin li
iliii
in
r| -~ ili-
iiln -~
ili-
ii
ili-
iiln -~
r| -~ ili-
iiln -~
r| -~ ili-
iiln -~
lli iiiln
~i ln-
47168.72 19040.28 29371.77 28807.43 14644.71 14126.24 91185.20 61973.95
li
26591.61 38.30 234.64 234.64 18.98 28.45 26845.23 301.39
il-ni
10787.86 1003.71 2208.15 1953.64 0.00 0.00 12996.01 2957.35
lli iiiln
84548.19 20082.29 31814.56 30995.71 14663.69 14154.69 131026.44 65232.69
n lli iiiln l-
i ln ~i iil- r
45457.81 2308.47 16376.87 5905.62 5533.08 2634.03 67367.77 10848.12
~i iliii
130006.00 22390.76 48191.43 36901.33 20196.77 16788.72 198394.21 76080.81
201
Table DF 5
Credit Risk: disclosures for portfolios subject to the standardized approach
The Bank uses ratings assigned by the four Rating Agencies approved by the Reserve Bank of India namely a) CRISIL, b)
ICRA, c) CARE and d) FITCH for the eligible exposures such as Corporate, Capital Market Exposures etc. according to the
New Capital Adequacy Framework. Over and above the same, the Bank also relies on mapping of issue based external
ratings as permitted in the regulatory guidelines. The rest of the claims on corporates are treated as unrated.
The total credit risk exposure (Solo-Global) bifurcated after the credit risk mitigation under Standardized Approach is as under:
(` in Crore)
Particulars
Below 100% Risk
Weight
100% Risk Weight More than 100%
Risk Weight
Grand Total
Book
Value
Risk
Weighted
value
Book
Value
Risk
Weighted
value
Book
Value
Risk
Weighted
value
Book
Value
Risk
Weighted
value
Fund Based
Loans and Advances 47168.72 19040.28 29370.78 28806.44 14644.71 14126.24 91184.21 61972.96
Investments 26591.56 38.30 228.81 228.81 18.98 28.45 26839.35 295.56
Other Assets 10766.62 1003.45 2179.72 1925.21 0.00 0.00 12946.34 2928.66
Total Fund Based 84526.90 20082.03 31779.31 30960.46 14663.69 14154.69 130969.90 65197.18
Non Fund Based including
Contingent Credit.
45457.81 2308.47 16369.46 5898.20 5533.08 2634.03 67360.35 10840.70
Total Credit Risk Exposure 129984.71 22390.50 48148.77 36858.66 20196.77 16788.72 198330.25 76037.88
The total credit risk exposure (Consolidated) bifurcated after the credit risk mitigation under Standardized Approach is as under:
(ìn Crore)
Particulars
Below 100% Risk
Weight
100% Risk Weight More than 100%
Risk Weight
Grand Total
Book
Value
Risk
Weighted
value
Book
Value
Risk
Weighted
value
Book
Value
Risk
Weighted
value
Book
Value
Risk
Weighted
value
Fund Based
Loans and Advances 47168.72 19040.28 29371.77 28807.43 14644.71 14126.24 91185.20 61973.95
Investments 26591.61 38.30 234.64 234.64 18.98 28.45 26845.23 301.39
Other Assets 10787.86 1003.71 2208.15 1953.64 0.00 0.00 12996.01 2957.35
Total Fund Based 84548.19 20082.29 31814.56 30995.71 14663.69 14154.69 131026.44 65232.69
Non Fund Based including
Contingent Credit.
45457.81 2308.47 16376.87 5905.62 5533.08 2634.03 67367.77 10848.12
Total Credit Risk Exposure 130006.00 22390.76 48191.43 36901.33 20196.77 16788.72 198394.21 76080.81
202
l kj . kh M h, Q + & 6
_ . k t ks f [ ke f u o kj . k & e ku d h r v f Hkx e ks a g s r q d V hd j . k
() ~i ili- lii nii || , iin| l liilii | iii i i - in r ln il | ri
inni i nii (i) ||, iin| l liilii - liiln lin- i | ii l - ~i ili- lii
ii i ;-n- i iil- ~i ili- lii nii il i |ln in | r|
iiiin ~i riilnni, -ii | n- |-i, -i n, ii , n -il, ~i lii, il nii |-i ~i
lii n|i iii ni r|
~i ili- i |ln - -~i ,lni i l-nn nii ni r|
in -i i lni nii ii-i nil-i -|i ni r| i- i-| i n- iliii i| -iii ,ii i|
nil-i r| -|i | in|, nil i- i-| ii rn ii in ri|
~i ili- lii - ili- |i lii rn i i| i | lnilni ii| | i l-n| lnilni r| ; ii ,
,ii -ini in ~i ili- lii - ~i |i i r-i l n-i - i; |-i , n- |-i liiln r| | n; r|
- l-n n ~i ili- liin rn, ( iiil- , -ln) ili- (n l-n i, ii n, ri
i ri) i l r- i i l-n| il ,ii li ini r
(` ii -)
-ii i i r l-n| il nil-i
~i iliii
lli iiiln
~i i ln-
12496.86 4325.30
li
0.00 36.27
il-ni
254.51 0.00
lli iiiln
12751.37 4361.57
n lli iiiln l - iln l-, li
i - iil- r
1737.67 125.65
14489.04 4487.22
l kj . kh M h, Q + & 7
f r Hkwf r d j . k % e ku d h r v f Hkx e g sr q d V hd j . k
x q. ko Rr k d V hd j . k % i ; ln lni lii r| li r |
e k= kRe d i zd V hd j . k % ' kwU;
l kj . kh M h, Q + & 8
O; ki kj c g h V sf M ax c qd e sa c kt +kj t ksf [ ke
ii r| - ii ili- i -~i -i|n li ,ln ,ii li ini r| -| i rn | ii | nii iin| l
l| liilii i | in| r|
l- rn | ini ( iiil- , -ln) (` ii -)
i ili-
175.20
li| ll- ili-
4.50
;l-| l-iln ili-
85.58
203
Table DF 6
Credit Risk Mitigation: disclosures for standardized approaches
The Bank has put in place Credit Risk Mitigation & Collateral Management Policy with the primary objective of a) Mitigation of credit risks &
enhancing awareness on identifcation of appropriate collateral taking into account the spirit of Basel II / RBI guidelines and (b) Optimizing
the beneft of credit risk mitigation in computation of capital charge as per approaches laid down in Basel II / RBI guidelines.
The Bank generally relies on Risk Mitigation techniques like Loan participation, Ceiling on Exposures, Escrow mechanism, Forward cover,
higher margins, loan covenants, Collateral and insurance cover.
Valuation methodologies are detailed in the Credit Risk Management Policy.
Bank accepts guarantees from individuals with considerable networth and the Corporates. Only guarantees issued by entities with a
lower risk weight than the counterparty shall be accepted to get the protection for the counter party exposure.
Concentration Risk in Credit Risk Mitigation: All types of securities eligible for mitigation are easily realizable fnancial securities. As such,
presently no limit / ceiling has been prescribed to address the concentration risk in credit risk mitigants recognized by the Bank.
For each separately disclosed credit risk portfolio (Solo-Global / Consolidated), the total exposure (after, where applicable, on- or off
balance sheet netting) that is covered by eligible fnancial collateral after the application of haircuts:
(ìn Crore)
Type of Exposure Eligible fnancial Collateral Guarantees
Gross Credit Risk Exposures
Fund Based
Loans and Advances 12496.86 4325.30
Investments 0.00 36.27
Other Assets 254.51 0.00
Total Fund Based 12751.37 4361.57
Non Fund Based including contingent
credit, contracts and derivatives
1737.67 125.65
Total 14489.04 4487.22
Table DF 7
Securitization : disclosure for standardized approach
Qualitative Disclosures: The Bank has not undertaken any securitization activity.
Quantitative Disclosures: NIL
Table DF 8
Market risk in trading book
Market Risk in trading book is assessed as per the Standardized duration method. The capital charge for HFT and AFS is
computed as per Reserve Bank of India prudential guidelines.
The capital requirements (Solo-Global / Consolidated) for:
(` in Crore)
Interest rate risk 175.20
Foreign exchange risk 4.50
Equity position risk 85.58
204
l kj . kh M h, Q + & 9
i f j p ky u kRe d t ksf [ ke
x q. kkRe d i zd V hd j . k %
lii-- ili- rn | ii | nii - n lin- iii | in| r| | inni i i| liilii - liilin
l n i i | in - ls n| ii iin zoo, zooso zoosos i | ii | nii rn lri - li ni
r| i | `.cc.z i ( iiil-) i `.cs.oo i (-ln) r|
l kj . kh M h, Q + & 10
c Saf d x c g h e sa C; kt n j t ksf [ ke v k v kj v kj c h c h
n-iiln l~ ili- i li ini r i i i|ni lii - - li ini r| i i|ni iii
ln r| - i ili- i -il iii li ini r| ili- | nii l-i l-iln - il n lii
iii | in| r| ;l-| i ii -~ (-|;) | nii, li n lii i i li ini r|
i;ii|| ( i|) i -i rn i | ii| i +ni-| iini-| - ii rn, i ili -~ (ii i
,ii n lin -i) - l, (lni-)|
i) s.os.zoz n i - zr || | l, rn ili- `.cs.z i r|
ii) ;l-| ii -~ - zoo || ln i `.cso.sc i r
(z - i - - ||i,iii i -~liii)|
205
Table DF 9
Operational Risk
Capital charge for Operational Risk is computed as per the Basic Indicator Approach. The average of the gross income,
as defned in the New Capital Adequacy Framework guidelines, for the previous 3 years ie 2010-11; 2009-10 and
2008-09 is considered for computing the capital charge. The required capital is ` 616.42 Crore (Solo-global) and ` 618.00
Crore (Consolidated).
Table DF 10
Interest Rate Risk in the Banking Book (IRRBB)
Embedded Option Risk is studied and factored in the interest rate sensitivity analysis. Based on the interest rate sensitivity,
interest rate risk in the Banking Book is studied on a quarterly basis. Earnings at Risk are computed based on the Traditional
Gap Analysis on a static position. Market Value of Equity (MVE) is computed adopting the Duration Gap Analysis.
The increase (decline) in earnings and economic value (or relevant measure used by management) for upward and
downward rate shocks according to managements method for measuring IRRBB (Solo-Domestic).
i) Earnings at Risk for 25 bps interest rate decrease as on 31 03 2012 for one year time horizon is ` 63.12 Crore
ii) Change in Market Value of Equity for 200 bps interest rate shock is ` 630.96 Crore
(Repricing of BPLR/Base Rate in the 2nd time bucket)
206
207
iiii zrzco, i-n- i, i--i, . coo o
, u b Zl h, l v f / kn s' k@ c Sad [ kkr k f o o j . k g sr q Q ke Z
l so k e sa
d sf e ; ks d ki ksZj sV l f o Zl st + f y f e V sM
; wf u V % b af M ; u c Sad
-li ll~n, , ri i,
coo ooz
l -ri,
l an HkZ % b af M ; u c Sad d s b Zf D o V h ' ks; j & f t u d sUn zksa e sa ; g l qf o / kk m i y C/ k g S] m u e sa j k" V h; b y sD V kf u d l e k kks/ ku l so k , u b Zl h, l
@ j k" V h; b y sD V kf u d f u f / k v ar j . k u s V l qf o / kk d s t f j , y kHkka k i zkI r d j u s d k f o d Y i
-,r- ;l ;l-| ii ii r|
-,r- i ii n r l -,r-i iiii i inni ;|,- lii l | -ii nii | l n
li i - ,r-i iin - -i
1. i-, iii i i-
2. ) |n ili .
(l i |--|li; r| l n rini)
|) || i;| .
i;- i;| .
(l i |--|li; l n rini)
3. iin li
. i i-
|. iiii i i-
|. iiii i ni (li ii)
|. iii
; ,ii i| -i; - l i
iiii i 9 v ad ksao ky k e kb d j d ksM u ac j v kSj v kb Z, Q , l d ksM
. iin i i (n,i, ii, i o,,s ii)
|. - l i iini i
(i n lii -i l l-n ii i i ,ii i| | i-i ln )
-,r- n,ii iilin ni r,n r l + l n li r| i r| l i i nn ii| ii i;
- l rini r i li r| ini r, ni -,r- i l--i r| -rin| -,r- -nn r l li
-ilin ll-ilni -, i -n,r- ;| , - iiii i inni | li i iiln n| r, in| -
iiii li i i lii ini r|
i|,
-ii
li (i-, iii i i- r-nii)
-ilin li ini r l + l n li r-i lii i r| r|
-ii
li iiii i r-nii
1. l i ;-il (|--) - i in r ni |i il-| lniin| i li |
2. i i| i- i | i i-i li r| li ini| l i r r| -n n r ni i ; i- i |
208

Corporate Offce: 254-260, Avvai Shamugam Salai, Royappettah, Chennai- 600 014.
Form for NECS/NEFT Mandate / Bank Account Details
To
Cameo Corporate Services Limited,
Unit : Indian Bank,
Subramanian Building,
1, Club House Road,
CHENNAI 600 002.
Dear Sir,
Re: Equity Shares of Indian Bank - option to receive dividend through National Electronic Clearing Service (NECS) /
National Electronic Funds Transfer (NEFT) facility at Centres where it is available.
I/ We hold equity shares of Indian Bank.
I / We request you to arrange for payment of my / our dividend through NECS/NEFT facility and credit the same to my / our
account as per details given below:
1. First / Sole Shareholders name
2. (a) Registered Folio No.
(If shares are not dematerialized)
(b) DP ID No.
Client ID No.
(If shares are dematerialized)
3. Particulars of Bank Account
a. Bank Name
b. Branch Name
c. Address of the Branch (with PIN Code)
d. Telephone number and Fax number
9 - digit MICR code / IFS code e. number of the Bank and Branch as
appearing on the MICR Cheques issued by the Bank
Account type ( Savings / Current / Cash Credit with code 10/11/13 ) f.
Account Number as appearing on the Cheque Book g.
(Please attach a cancelled blank cheque or photocopy of a cheque issued by your Bank for verifcation of the above
details).
I/We hereby declare that the particulars given above are correct and complete. If any transaction is delayed or not effected
at all for reasons of incomplete or incorrect information, I/We would not hold the Bank responsible. I /We understand that
the Bank also reserves the right to send the dividend payable to me / us by a physical dividend warrant on account of
unforeseen circumstances beyond the control of the Bank that may affect the payment of dividend through NECS / NEFT.
Yours faithfully,
Place :
Date : (Name and signature of First / Sole Shareholder)
Certifed that the particulars furnished above are correct as per our records.
Place :
Date : Signature of the Branch Manager
In case you hold shares in electronic (D-Mat) form, kindly give the Bank details directly to your Depository 1.
Participant.
Kindly fll in all columns. Incomplete forms shall not be entertained. Please ignore this form, if the same is already 2.
submitted.
209
iiii zrzco, i-n- i, i--i, . coo o
i zkWD l h Q ke Z
' ks; j / kkj d ksa } kj k Hkj k v j g L r k{ kkj f d ; k t k,
|n ili i || i;|
i;- i;|
(l i |--|li; r| l n rini) (l i |--|li; l n rini)
- , r-, .................................................................................................... i ..................................................... l ..................................... li| r,
;l i , iii ri in nn ,ii | , |-n| ............................................................ i ............................................................
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210

Corporate Offce : 254-260, Avvai Shamugam Salai, Royappettah, Chennai- 600 014.
PROXY FORM
(To be flled in and signed by the shareholders)
Regd. Folio No. DP ID
Client ID
(If shares are not dematerialised) (If shares are dematerialised)
I / We, resident(s) of. ............................................................................. in the district of ............................................. in the State
of ....................... being a shareholder / shareholders of the Indian Bank hereby appoint Shri / Smt. .....................................
resident of ............................................................................. in the district of ................................. in the State of ..........................
or failing him / her, Shri / Smt. ................................................ resident of ............................................................................. in the
district of ................. in the state of as my / our proxy to vote for me / us and on my / our behalf at the
Sixth Annual General Meeting of the Shareholders of the INDIAN BANK to be held on Friday, the June 29, 2012 at 10.00 a.m.
at IMAGE Auditorium, MRC Nagar, Raja Annamalaipuram, Chennai - 600 028 and at any adjournment thereof.
Signed this .............................................................................................. day of ............................................................ 2012.

Please
affx 15
paise
Revenue
Stamp

Signature of the Proxy Signature of frst named / Sole shareholder
Name ......................................................
Address ......................................................
......................................................
......................................................
Instructions for signing and lodging the proxy form:
1. No instrument of proxy shall be valid unless,
in case of individual shareholders, it is signed by the shareholder or his / her attorney duly authorised in writing; a.
in case of joint holders, it is signed by the shareholder frst named in the register or his / her attorney duly authorised in b.
writing;
in case of body corporate signed by its offcer or an attorney duly authorised in writing. c.
2. An instrument of proxy shall be suffciently signed by any shareholder, who is, for any reason, unable to write his / her name,
if his / her mark is affxed thereto and attested by a Judge, Magistrate, Registrar or Sub-Registrar of Assurances or other
Government Gazetted Offcer or an Offcer of Indian Bank.
3. No proxy shall be valid unless it is duly stamped and deposited at the following address not less than FOUR DAYS before the
date of the Annual General Meeting, together with Power of Attorney or other authority, certifed as a true copy by a Notary Public
or a Magistrate, unless such a power of attorney or the other authority is previously deposited and registered with the Bank.
Indian Bank
Corporate Offce,
Investor Services Cell, 2nd Floor,
No.254-260, Avvai Shanmugam Salai
Royapettah, Chennai 600 014
Cameo Corporate Services Limited
Unit : Indian Bank
Subramanian Building
1, Club House Road
Chennai 600 002
4. An instrument of proxy deposited with the Bank shall be irrevocable and fnal.
5. In case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be executed.
6. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the Annual General
Meeting to which such instrument relates.
7. No person shall be appointed as duly authorised representative or a proxy who is an offcer or an employee of INDIAN BANK.
211
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_ | n d oe ma n a H$moBSw>pb Ho$Q>Cn p W{V n Mu g h EQ>r n mg O mar Z h t H$r O mEJ r&
212

Corporate Offce, Investor Services Cell,
254-260, Avvai Shamugam Salai, Royappettah, Chennai- 600 014.
ATTENDANCE SLIP
(To be surrendered at the time of entry to the Venue)
Date : June 29, 2012
Time : 10.00 a.m.
Venue : IMAGE, MRC NAGAR, RAJA ANNAMALAIPURAM, CHENNAI - 600 028.
Client ID
Name of the Shareholder
Number of Shares
I hereby record my presence at the 6th Annual General Meeting of the Bank held on June 29, 2012 at IMAGE, MRC Nagar,
Raja Annamalaipuram, Chennai - 600 028.
Signature of the Shareholder / Proxy / Authorized
Representative
Corporate Offce, Investor Services Cell,
254-260, Avvai Shamugam Salai, Royappettah, Chennai- 600 014.
ENTRY PASS
(To be retained throughout the meeting)
Date : June 29, 2012
Time : 10.00 a.m.
Venue : IMAGE, MRC NAGAR, RAJA ANNAMALAIPURAM, CHENNAI - 600 028.
Client ID
Name of the Shareholder
Number of Shares
Shareholders / proxy holders / authorized representatives are requested to produce the above Attendance slip, duly
signed in accordance with their specimen signature registered with the Bank, along with the entry pass, for admission
to the venue. The admission may, however, be subject to verifcation / checks, as may be deemed necessary. Under no
circumstances, will any duplicate Attendance Slip-cum-Entry pass be issued at the entrance to the meeting hall.

Annual - Report - 2012 Indian Bank

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i i Annual Report 2011 - 12

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