31 XpE{ 2008 @‚√ ˘∫P<O @u‚ dSs_pZ Os[S-Tm

WpZOrY ∫J>uJ> Vvõ@‚ @‚p (000 @‚pu F>puÊ <QYp BYp `v)
BALANCE SHEET OF STATE BANK OF INDIA AS ON 31 ST MARCH 2008 (000s omitted)

TtzGr dpvZ QuYOphy dSs_tEr 31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O
_z. @u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
CAPITAL AND LIABILITIES Schedule As on 31.3.2008 As on 31.3.2007
No. (current year) (previous year)

‘. Rs. ‘. Rs.
TtzGr
Capital ... ... 1 631.47,04 526,29,89
dpZ<b<OYpy dpvZ d<R]u^
Reserves & Surplus ... ... 2 48401,19,11 30772,25,75
GXpZp<]Ypy
Deposits ... ... 3 537403,94,09 435521,08,94
fRpZ
Borrowings ... ... 4 51727,41,13 39703,33,52
dÆY QuYOphy dpvZ T}p\RpS
Other liabilities & provisions ... ... 5 83362,29,84 60042,25,78

YpuB
TOTAL 721526,31,21 566565,23,88

dp˘∫OYpy dSs_tEr 31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

_z. @u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
ASSETS Schedule As on 31.3.2008 As on 31.3.2007
No. (current year) (previous year)

‘. Rs. ‘. Rs.
WpZOrY qZ˚\{ Vvõ@‚ Xuõ S@‚Qr dpvZ GXpZp<]Ypy
Cash & balances with Reserve Bank of India ... ... 6 51534,61,58 29076,42,50
Vvõ@‚puz Xuõ GXpZp<]Ypy dpvZ XpyB OPp d∂T _tESp TZ T}pØY RSZp<]
Balances with banks & money at call & short notice ... 7 15931,71,92 22892,26,50
<\<SRpS
Investments ... ... 8 189501,27,09 149148,88,25
d<B}X
Advances ... ... 9 416768,19,62 337336,49,35
dE[ dp˘∫OYpy
Fixed Assets ... ... 10 3373,48,09 2818,86,67
dÆY dp˘∫OYpy
Other Assets ... ... 11 44417,02,91 25292,30,61

YpuB
TOTAL 721526,31,21 566565,23,88

_Xp<kO QuYOphy / Contingent liabilities ... ... 12 ‘. Rs. 810796,48,07 ‘. Rs. 526954,65,55
_zB}`N @u‚ <[h <V[ / Bills for collection ... ... — ‘. Rs. 18946,79,95 ‘. Rs. 23367,51,09
T}XsA [uAp Sr<OYpy / Principal Accounting Policies ... ... 17
[uAp-qJ>ØT<NYpy / Notes on Accounts ... ... 18

90

C90 K90
 1 — TtzGr
dSs_tEr
SCHEDULE 1 — CAPITAL
(000 @‚pu F>puÊ> <QYp BYp `v)
(000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (qTF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)
‘. Rs. ‘. Rs.

- 10/- ‘Th T}<O ]uYZ \p[u 100,00,00,000 ]uYZ

T}p<R@w‚O TtzGr
Authorised Capital - 100,00,00,000 shares of Rs.10/- each 1000,00,00 1000,00,00

ãä¶ãØãÃãä½ã¦ã - 63,15,58,654 (ãä¹ãœÊãñ ÌãÓãà 52,62,98,878) ¹ãƦ¾ãñ‡ãŠ ƒÃãä‡ã‹Ìã›ãè Íãñ¾ãÀ Á. 10/- ‡ãŠã
Issued - 63,15,58,654 (Previous Year 52,62,98,878) Equity Shares of Rs. 10/- each 631,55,87 526,29,89
‚ããä¼ãª¦ã ‚ããõÀ Ôã⪦㠹ãîâ•ããè - 63,14,70,376 Íãñ¾ãÀ (ãä¹ãœÊãñ ÌãÓãà 52,62,98,878) ¹ãƦ¾ãñ‡ãŠ Íãñ¾ãÀ Á. 10/- ‡ãŠã
[ ƒÔã½ãò 4,24,81,772 (31.03.2007 ‡ãŠãñ 4,14,54,618) Íãñ¾ãÀ Ôããä½½ããäÊã¦ã Öö •ããñ 2,12,40,886
(31.03.2007 ‡ãŠãñ 2,07,27,309) ÌãõãäÍÌã‡ãŠ •ã½ãã ÀÔããèªãò ‡ãñŠ ¹㠽ãò Öö ].
Subscribed and Piad-up Capital-63,14,70,376 (Previous Year 52,62,98,878) 631,47,04 526,29,89
shares of Rs 10/- each
[includes 4,24,81,772 (4,14,54,618 as on 31.03.2007) shares represented
by 2,12,40,886 (2,07,27,309 as on 31.03.2007) Global Depository Receipts].

YpuB
TOTAL 631,47,04 526,29,89

91

C91 K91
 2 — dpZ<b<OYpy dpvZ d<R]u^
dSs_tEr (000 @‚pu F>puÊ> <QYp BYp `v)
SCHEDULE 2 — RESERVES & SURPLUS (000s omitted)
31.3.2008 @‚√ ˘∫P<O 31.3.2007@‚√ ˘∫P<O
@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)
‘. Rs. ‘. Rs. ‘. Rs. ‘. Rs.
I. @‚pStSr dpZ<b<OYpy
Statutory Reserves
dP]u^
Opening Balance ... ... ... 20379,03,68 17020,92,36
\^{ @u‚ QpvZpS TqZ\R{S
Additions during the year ... ... ... 4839,07,23 3358,11,32
\^{ @u‚ QpvZpS @‚J>pv<OYpy
Deductions during the year ... ... ... — —
25218,10,91 20379,03,68
II. TtzGr dpZ<b<OYpy
Capital Reserves
dP]u^
Opening Balance ... ... ... 418,14,39 418,10,48
\^{ @u‚ QpvZpS TqZ\R{S
Additions during the year ... ... ... 4,43,98 3,91
\^{ @u‚ QpvZpS @‚J>pv<OYpy
Deductions during the year ... ... ... — —
422,58,37 418,14,39
III. ]uYZ T}r<XYX
Share Premium
dP]uu^
Opening Balance ... ... ... 3510,57,33 3510,57,33
\^{ @u‚ QpvZpS TqZ\R{S
Additions during the year ... ... ... 16617,09,67 —
\^{ @u‚ QpvZpS @‚J>pv<OYpy
Deductions during the year ... ... ... 28,70,25 —
20098,96,75 3510,57,33
IV. <S\u] dpZ<b<OYpy
Investment Reserve
dP]uu^
Opening Balance ... ... ... — —
\^{ @u‚ QpvZpS TqZ\R{S
Additions during the year ... ... ... 62,17,87 —
\^{ @u‚ QpvZpS @‚J>pv<OYpy
Deductions during the year ... ... ... — — —
V. ZpG∫\ dpvZ dÆY dpZ<b<OYpy* 62,17,87
Revenue and Other Reserves*
dP]u^
Opening Balance ... ... ... 6195,56,07 5874,44,64
\^{ @u‚ QpvZpS TqZ\R{S
Additions during the year ... ... ... 300,00,00 324,00,00
\^{ @u‚ QpvZpS @‚J>pv<OYpy
Deductions during the year ... ... ... 4075,72,93 2,88,57
2419,83,14 6195,56,07
VI. <\Qu]r XsÈp ’‚zTpOZN dpZ<b<O
Foreign currency Translation Reserve
Opening Balance ... ... ... 268,60,35 293,39,98
\^{ @u‚ QpvZpS TqZ\R{S
Additions during the year ... ... ... — —
\^{ @u‚ QpvZpS @‚J>pv<OYpy
Deductions during the year ... ... ... 89,42,21 24,79,63
179,18,14 268,60,35
VII. [pW dpvZ `p<S ApOu @‚p d<O]u^
Balance of Profit and Loss Account ... ... ... 33,93 33,93
* e_Xuõ (WpZOrY ∫J>uJ> Vvõ@‚ d<R<SYX, 1955 @‚√ RpZp 36 @u‚ dzOB{O ZAu Bh)
h@‚√@‚ZN dpvZ <\@‚p_ <S<R @u‚ ‘. 5,00,00,000
(<TF>[u \^{ 5,00,00,000) ]p<X[ `võ.
* Includes Rs. 5,00,00,000 (previous year Rs. 5,00,00,000) of
Integration and Development Fund
(maintained under Section 36 of the
State Bank of India Act, 1955)
YpuB
TOTAL 48401,19,11 30772,25,75

92

C92 K92
 3 — GXpZp<]Ypy
dSs_tEr (000 @‚pu F>puÊ> <QYp BYp `v)
SCHEDULE 3 — DEPOSITS (000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
@‚. I. XpyB GXpZp<]Ypy
A. I. Demand Deposits
(i) Vv@‚puõ _u
From banks ... ... ... ... 12313,40,67 10974,81,01
(ii) dÆY _u
From others ... ... ... ... 85820,12,34 71023,16,37
II. VEO Vvõ@‚ GXpZp<]Ypy
Savings Bank Deposits ... ... ... ... 154229,28,65 129136,49,61
III. _p\<R GXpZp<]Ypy
Term Deposits
(i) Vvõ@‚puõ _u
From banks ... ... ... ... 7065,47,74 4613,48,62
(ii) dÆY _u
From others ... ... ... ... 277975,64,69 219773,13,33

YpuB TOTAL 537403,94,09 435521,08,94

A. (i) WpZO Xuõ ]pApdpuõ @‚√ GXpZp<]Ypy

B. Deposits of branches in India ... ... ... ... 514676,06,76 419936,76,49
(ii) WpZO @u‚ Vp`Z ˘∫PO ]pApdpuõ @‚√ GXpZp<]Ypy
Deposits of branches outside India ... ... ... ... 22727,87,33 15584,32,45

YpuB TOTAL 537403,94,09 435521,08,94

4 — fRpZ
dSs_tEr (000 @‚pu F>puÊ> <QYp BYp `v)
SCHEDULE 4 — BORROWINGS (000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
I. WpZO Xuõ fRpZ
Borrowings in India
(i) WpZOrY qZ˚\{ Vvõ@‚
Reserve Bank of India ... ... ... ... 1300,00,00 1000,00,00
(ii) dÆY Vvõ@‚
Other banks ... ... ... ... 7853,58,39 1254,80,59
(iii) dÆY ÔãâÔ©ãã†ú dpvZ d<W@‚ZN
Other institutions and agencies ... ... 3648,95,57 3564,96,73
II. WpZO @u‚ Vp`Z _u fRpZ
Borrowings outside India ... ... ... ... 38924,87,17 33883,56,20

YpuB TOTAL 51727,41,13 39703,33,52

g‚TZI dpvZ II Xuõ _˘≥X<[O T}<OWtO fRpZ

Secured borrowings included in I & II above ... ... ... ... ‘. Rs. 4367,87,76 ‘. Rs. 4650,53,97

93

C93 K93
 5 — dÆY QuYOphy dpvZ T}p\RpS
dSs_tEr (000 @‚pu F>puÊ> <QYp BYp `v)
SCHEDULE 5 — OTHER LIABILITIES & PROVISIONS (000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
I. _zQuY <V[
Bills payable ... ... ... ... 19159,90,43 20276,79,80
II. dzOZ-@‚pYp{[Y _XpYpuGS (<S\[)
Inter-office adjustments (net) ... ... ... ... — —
III. T}puQoWtO - ±YpG
Interest accrued ... ... ... ... 5092,21,85 3948,06,93
IV. dp∫P<BO @‚Z QuYOphy (<S\[)
Deferred Tax Liabilities (net) ... ... ... ... — 483,67,44
V. dÆY (e_Xuõ T}p\RpS _˘≥X<[O `võ)
Others (including provisions) ... ... ... ... 59110,17,56 35333,71,61
18781.84 ‡ãŠÀãñ¡ Á¹ã¾ãñ ‡ãŠã Øããõ¥ã ¨ãÉ¥ã
(14430.69 ‡ãŠÀãñ¡ Á¹ã† ãäª. 31.3.2007 ‡ãŠãñ) ‚ããõÀ 2507.50
‡ãŠÀãñ¡ Á¹ã† ‡ãŠã ºãñãä½ã¾ããªãè ºããú¡ (ãäª. 31.3.2007 ‡ãŠãñ 1738.80 ‡ãŠÀãñ¡ Á¹ã†)
(Includes sub-ordinated debt of Rs.18781.84 crores
(Rs.14430.69 crores as on 31.03.2007) and perpetual
bonds of Rs.2507.50 crores (Rs.1738.80 as on 31.03.2007)

YpuB TOTAL 83362,29,84 60042,25,78

6 — WpZOrY qZ˚\{ Vvõ@‚ Xuõ S@‚Qr dpvZ GXpZp<]Ypy

dSs_tEr
(000 @‚pu F>puÊ <QYp BYp `v)
SCHEDULE 6 — CASH AND BALANCES WITH RESERVE BANK OF INDIA (000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
I. `pP S@‚Qr (e_Xuõ <\Qu]r @‚Zuõ_r SpuJ> OPp ∫\N{ _˘≥X<[O `võ)
Cash in hand (including foreign currency notes and gold) 3220,31,11 2530,11,93

II. WpZOrY qZ˚\{ Vvõ@‚ Xuõ GXpZp<]Ypy

Balance with Reserve Bank of India
(i) Ep[t ApOu Xuõ
In Current Account ... ... ... ... 20900,60,36 26546,30,57
(ii) dÆY ApOpuõ Xuõ
In Other Accounts ... ... ... ... 27413,70,11 —

YpuB TOTAL 51534,61,58 29076,42,50

94

C94 K94
dSs_tEr7 — Vvõ@‚puõ Xuõ GXpZp<]Ypy dpvZ XpyB OPp d∂T _tESp TZ T}pØY RSZp<]
(000 @‚pu F>puÊ> <QYp BYp `v)
SCHEDULE 7 — BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE (000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
I. WpZO Xuõ
In India

(i) Vvõ@‚puõ Xuõ GXpZp<]Ypy

Balances with banks

(@‚) Ep[t ApOpuõ Xuõ

(a) In Current Accounts ... ... ... ... 1105,19,38 996,68,04

(A) dÆY GXp ApOpuõ Xuõ

(b) In Other Deposit Accounts ... ... ... ... 2608,31,90 —

(ii) XpyB dpvZ d∂T _tESp TZ T}pØY RSZp<]

Money at call and short notice

(@‚) Vvõ@‚puõ Xuõ

(a) With banks ... ... ... ... 6759,00,00 6503,29,34

(A) dÆY _z∫Ppdpuõ Xuõ

(b) With other institutions ... ... ... ... — —

YpuB TOTAL 10472,51,28 7499,97,38

II. WpZO @u‚ Vp`Z

Outside India

(i) Ep[t ApOpuõ Xuõ

In Current Accounts ... ... ... ... 1252,31,93 1835,75,03

(ii) dÆY GXp ApOpuõ Xuõ

In Other Deposit Accounts ... ... ... ... 749,15,34 2410,91,56

(iii) XpzB dpvZ d∂T _tESp TZ T}pØY RSZp<]

Money at call and short notice ... ... ... ... 3457,73,37 11145,62,53

YpuB TOTAL 5459,20,64 15392,29,12

@s‚[ YpuB GRAND TOTAL 15931,71,92 22892,26,50

95

C95 K95
 8 — <\<SRpS
dSs_tEr (000 @‚pu F>puÊ> <QYp BYp `v)
SCHEDULE 8 — INVESTMENTS (000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
I. WpZO Xuõ <\<SRpS
Investments in India in:
(i) _Z@‚pZr T}<OWt<OYpy
Government Securities ... ... ... ... 140734,03,68 117703,11,14
(ii) dÆY dSsXpu<QO T}<OWt<OYpy
Other approved securities ... ... ... ... 2738,25,17 3343,05,89
(iii) ]uYZ
Shares ... ... ... ... 4502,53,72 2304,65,19
(iv) qL>VuõEZ dpvZ VpzL>
Debentures and Bonds ... ... ... ... 17628,77,57 8690,71,27
(v) dSs^z<BYpy dpvZ/dP\p _`-f X (_`Ypu<BYpuõ _<`O)
Subsidiaries and/or joint ventures
(including Associates) ... ... ... ... 3766,46,03 2220,87,43
(vi) dÆY (≥Yt•Ysd[ Uz‚L>puõ @‚√ Yt<SJ>uõ, \p<N˘ßY@‚ Tm
T}pP<X@‚Op T}p· bumpuõ @‚√ GXpZp<]Ypy dp<Q)
Others (Units of Mutual Funds, Commercial
Papers, Priority sector deposits etc.) ... ... ... 14960,04,07 9073,91,24

YpuB TOTAL 184330,10,24 143336,32,16

II. WpZO @u‚ Vp`Z <\<SRpS
Investments outside India in
(i) _Z@‚pZr T}<OWt<OYpuõ Xuõ (e_Xuõ ∫PpSrY T}p<R@‚ZN _˘≥X<[O `võ)
Government securities (including local authorities) 394,23,41 567,71,60
(ii) <\Qu]puõ Xuõ _XSs^zBr dpvZ/dP\p _`-f X
Subsidiaries and/or joint ventures abroad ... ... ... 613,80,25 352,49,77
(iii) dÆY <\<SRpS (]uYZ, qL>VuõEZ dp<Q)
Other investments (Shares, Debentures etc.) ... ... ... 4163,13,19 4892,34,72

YpuB TOTAL 5171,16,85 5812,56,09

@s‚[ YpuB GRAND TOTAL 189501,27,09 149148,88,25

III. WpZO Xu <\<SRpS

Investments in India
(i) <\<SRpSpuõ @‚p _@‚[ XpS
Gross Value of Investments ... ... ... ... 185278,42,52 144580,01,14
(ii) CJ>phy # @s‚[ T}p\RpS/Xt∂Y◊p_
Less : Aggregate of Provisions/Depreciation ... ... ... 948,32,28 1243,68,98
(iii) I _u)
<S\[ <\<SRpS (g‚TZ
Net Investments (vide I above) ... ... YpuB TOTAL 184330,10,24 143336,32,16

IV. WpZO @u‚ Vp`Z <\<SRpS

Investments outside India
(i) <\<SRpSpuõ @‚p _@‚[ XpS
Gross Value of Investments ... ... ... ... 5204,26,52 5823,31,53
(ii) CJ>phy # @s‚[ T}p\RpS/Xt∂Y◊p_
Less : Aggregate of Provisions/Depreciation ... ... ... 33,09,67 10,75,44
(iii) <S\[ <\<SRpS (g‚TZ II _u)
Net Investments (vide II above) ... ... YpuB TOTAL 5171,16,85 5812,56,09

@s‚[ YpuB GRAND TOTAL 189501,27,09 149148,88,25

96

C96 K96
 9 — d<B}X
dSs_tEr (000 @‚pu F>puÊ <QYp BYp `v)
SCHEDULE 9 — ADVANCES (000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
@‚. (i) @}‚Y q@‚h Bh dpvZ <XOr@‚pJ>u TZ WsBOpS q@‚h Bh <\<SXY Tm
A. Bills purchased and discounted ... ... ... ... 36733,49,02 30787,10,14
(ii) @v‚] @}u‚qL>J>, dpu\ZL~>p∞J> dpvZ XpyB TZ T}<O_zQuY fRpZ
Cash credits, overdrafts and loans repayable on demand ... 151999,99,96 125476,17,29
(iii) _p\<R fRpZ
Term loans ... ... ... ... 228034,70,64 181073,21,92

YpuB TOTAL 416768,19,62 337336,49,35

A. (i) XtO{ dp˘∫OYpuõ ÃpZp T}<OWtO (V`r j‚Npuõ TZ d<B}X _˘≥X<[O `vz)
B. Secured by tangible assets (includes advances
against Book Debt) ... ... ... ... 284231,06,15 233336,81,03
(ii) Vvõ@‚/_Z@‚pZr T}´YpWt<OYpuõ ÃpZp _zZ<bO
Covered by Bank/Government Guarantees ... ... ... 20244,75,74 21719,09,18
(iii) dT}<OWtO
Unsecured ... ... ... ... 112292,37,73 82280,59,14

YpuB TOTAL 416768,19,62 337336,49,35

B. (I) WpZO Xuõ d<B}X

C. Advances in India
(i) T}pP<X@‚OpT}pØO bum
Priority Sector ... ... ... ... 119230,51,18 102015,85,14
(ii) _p\{G<S@‚ bum
Public Sector ... ... ... ... 23025,00,32 27164,92,08
(iii) Vvõ@‚
Banks ... ... ... ... 77,66,24 2696,31,70
(iv) dÆY
Others ... ... ... ... 218295,16,99 167406,35,94

YpuB TOTAL 360628,34,73 299283,44,86

(II) WpZO @u‚ Vp`Z d<B}X

Advances outside India
(i) Vvõ@‚puõ _u ]puöY
Due from banks ... ... ... ... 2135,16,19 2834,34,43
(ii) dÆYpuõ _u ]puöY
Due from others
(@‚) @}‚Y q@‚h Bh dpvZ <XOr@‚pJ>u TZ WsBOpS q@‚h Bh <\<SXY Tm
(a) Bills purchased and discounted ... ... ... 15543,40,45 10448,94,17
(A) d<W^Q fRpZ
(b) Syndicated loans ... ... ... ... 19856,62,20 12605,50,09
(B) dÆY
(c) Others ... ... ... ... 18604,66,05 12164,25,80

YpuB TOTAL 56139,84,89 38053,04,49

@s‚[ YpuB GRAND TOTAL 416768,19,62 337336,49,35

97

C97 K97
 10 — dE[ dp˘∫OYpy
dSs_tEr (000 @‚pu F>puÊ <QYp BYp `v)
SCHEDULE 10 — FIXED ASSETS (000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
I. @‚. TqZ_Z
A. Premises
31 XpE{ @‚√ ˘∫P<O @u‚ dSs_pZ [pBO TZ
Tt\{\Or{ \^{ @‚√
At cost as on 31st March of the preceding year ... ... 1448,62,77 1346,45,99

\^{ @u‚ QpvZpS TqZ\R{S

Additions during the year ... ... ... ... 40,20,10 105,30,36
\^{ @u‚ QpvZpS @‚J>pv<OYpy
Deductions during the year ... ... ... ... 38,29 3,13,58

d OS Xt∂Y◊p_
Depreciation to date ... ... ... ... 557,30,25 498,92,88
931,14,33 949,69,89
A. <SXp{NpRrS TqZ_Z
B. Premises under Construction ... ... ... ... 234,25,82 141,95,26

II. dÆY dE[ dp˘∫OYpy (e_Xuõ U‚Sr{EZ dpvZ <U‚°_EZ _˘≥X<[O `võ)
Other Fixed Assets (including furniture and fixtures)

Tt\{\Or{ \^{ @u‚‚‚31 XpE{ @‚√ ˘∫P<O @u‚ dSs_pZ [pBO TZ

At cost as on 31st March of the preceding year ... ... 5493,19,27 4981,56,51
\^{ @u‚ QpvZpS TqZ\R{S
Additions during the year ... ... ... ... 1145,34,90 635,08,49
\^{ @u‚ QpvZpS @‚J>pv<OYpy
Deductions during the year ... ... ... ... 76,80,88 123,45,73

d OS Xt∂◊p_
Depreciation to date ... ... ... ... 4397,99,28 3855,37,21
2163,74,01 1637,82,06

III. TJ>oJ>p@w‚O dp˘∫OYpy

Leased Assets ... ... ... ...
31 XpE{ @‚√ ˘∫P<O @u‚ dSs_pZ [pBO TZ
Tt\{\Or{ \^{ @‚√
At cost as on 31st March of the preceding year ... ... 1120,10,41 1190,93,80

\^{ @u‚ QpvZpS TqZ\R{S

Additions during the year ... ... — —
\^{ @u‚ QpvZpS @‚J>pv<OYpy
Deductions during the year ... ... 181,93,50 70,83,39
d OS Xt∂◊p_ T}p\RpSpuõ _<`O
Depreciation to date
including provision ... ... ... ... 888,54,10 960,87,48

49,62,81 159,22,93

CJ>phy # TJoJ>p _XpYpuGS dpvZ T}p\RpS

Less : Lease Adjustment and Provisions ... 5,28,88 69,83,47
44,33,93 89,39,46

YpuB TOTAL 3373,48,09 2818,86,67

98

C98 K98
 11 — dÆY dp˘∫OYpy
dSs_tEr (000 @‚pu F>puÊ <QYp BYp `v)
SCHEDULE 11 — OTHER ASSETS (000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
(i) dzOZ-@‚pYp{[Y _XpYpuGS (<S\[)
Inter-office adjustments (net) ... ... ... ... 11340,53,28 216,96,15
(ii) T}puQoWtO ±YpG
Interest accrued ... ... ... ... 6298,14,48 5020,30,82
(iii) d<B}X ’‚T _u _zQl @‚Z/_}puO TZ @‚pJ>p BYp @‚Z
Tax paid in advance/tax deducted at source ... ... ... ... 2477,86,74 2152,43,61
(iv) [uAS _pXB}r dpvZ ∫J>pzT
Stationery and stamps ... ... ... ... 95,60,12 78,61,32
(v) Qp\puõ @‚√ _zOs<πJ> Xuõ T}pØO @‚√ Be{ BvZ-Vvõ@‚@‚pZr dp˘∫OYpy
Non-banking assets acquired in satisfaction of claims ... ... ... 34,91 34,91
(vi) dp∫P<BO @‚Z dp˘∫OYpy (<S\[)
Deferred Tax Assets (Net) ... ... ... 42,04,56 —
(vii) dÆY
Others ... ... ... ... 24162,48,82 17823,63,80

YpuB TOTAL 44417,02,91 25292,30,61

dSs_tEr 12 — _Xp<kO QuYOphy (000 @‚pu F>puÊ <QYp BYp `v)

SCHEDULE 12 — CONTINGENT LIABILITIES (000s omitted)

31.3.2008 @‚√ ˘∫P<O 31.3.2007 @‚√ ˘∫P<O

@u‚ dSs_pZ (Ep[t \^{) @u‚ dSs_pZ (<TF>[p \^{)
As on 31.3.2008 As on 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
I. Vvõ@‚ @u‚ <\‘– Qp\u <GÆ`uõ j‚N @u‚ ’‚T Xuõ ∫\r@‚pZ S`rõ q@‚Yp BYp `v
Claims against the bank not acknowledged as debts ... ... ... 799,73,02 3808,98,78
II. dz]O: _zQl <\<SRpSpuõ @u‚ <[h QuYOp
Liability for partly paid investments ... ... ... ... 2,80,00 2,80,00
III. V@‚pYp \pYQp <\<SXY _z<\Qpdpuõ @‚√ VpVO QuYOp
Liability on account of outstanding forward exchange contracts ... ... 310457,51,74 197285,30,50
IV. _zCJ>@‚puõ @‚√ dpuZ _u Qr Be{ T}´YpWt<OYpy
Guarantees given on behalf of constituents
(@‚) WpZO Xuõ
(a) In India ... ... ... ... 35159,13,45 23715,63,18
(A) WpZO @u‚ Vp`Z
(b) Outside India ... ... ... ... 14503,88,10 13905,56,57
V. T}<OB}`N, TwπK>pz@‚S dpvZ dÆY VpöYOphy
Acceptances, endorsements and other obligations ... ... ... 74706,09,41 47050,64,26
VI. dÆY XQuõ <GS@u‚ <[h Vvõ@‚ _Xp<kO ’‚T _u flZQpYr `v
({S>aodo{Q>d gm°Xm| H$s AmZw_m{ZH$ _yb g{hV)
Other items for which the bank is contingently liable ... ... ... 375167,32,35 241185,72,26
(Including notional principal of Derivative transactions)

YpuB TOTAL 810796,48,07 526954,65,55

99

C99 K99
WpZOrY ∫J>uJ> Vvõ@‚ @‚p 31 XpE{ 2008 @‚pu _XpØO \^{ @u‚ <[h [pW dpvZ `p<S ApOp (000 @‚pu F>puÊ> <QYp BYp `v)
PROFIT AND LOSS ACCOUNT OF STATE BANK OF INDIA FOR THE YEAR ENDED 31ST MARCH 2008 (000s omitted)

dSs_tEr 31.3.2008 @‚pu _XpØO \^{ 31.3.2007 @‚pu _XpØO \^{

_z. (Ep[t \^{) (<TF>[p \^{)
Schedule Year ended 31.3.2008 Year ended 31.3.2007
No. (current year) (previous year)
‘. Rs. ‘. Rs.
I. dpY
INCOME
d<G{O ±YpG
Interest earned ... ... ... 13 48950,30,71 37242,32,60
dÆY dpY
Other Income ... ... ... 14 8694,92,84 6765,26,18

YpuB TOTAL 57645,23,55 44007,58,78

II. ∑YY
EXPENDITURE
∑YY q@‚Yp BYp ±YpG
Interest expended ... ... ... 15 31929,07,69 22184,13,48
TqZEp[S ∑YY
Operating expenses ... ... ... 16 12608,60,60 11823,51,66
T}p\RpS dpvZ dp@‚˘∫X@‚ ∑YY
Provisions and contingencies ... ... ... 6378,42,79 5458,62,91

YpuB TOTAL 50916,11,08 39466,28,05

III. [pW
PROFIT
\^{ @u‚ <[h <S\[ [pW
Net Profit for the year ... ... ... 6729,12,47 4541,30,73
dB}pSrO [pW
Profit brought forward ... ... ... 33,93 33,93
_pXpÆY dpZ<b<OYpuõ _u dzOZN
Transfer from General Reserve ... ... ... 937 2,88,57
YpuB TOTAL 6729,55,77 4544,53,23
<\<SYpuGS†
APPROPRIATIONS
@‚pStSr dpZ<b<OYpuõ @‚pu dzOZN
Transfer to statutory reserves ... ... ... 4839,07,23 3358,11,32
{d{ZYmZ Ama{j{VYpuõ _| AßVaU
Transfer to Investment reserves ... ... ... 62,17,87 —
TtzGr dpZ<b<O Xuõ dzOZN
Transfer to Capital Reserve ... ... ... 443,98 3,91
ZpG∫\ Edß A›` dpZ<b<OYpuõ Xuõ dzOZN
Transfer to Revenue and
other reserves ... ... ... 300,00,00 324,00,00
[pWpz]
Dividend ... ... ... 1357,66,13 736,81,84
[pWpz] TZ @‚Z
Tax on dividend ... ... ... 165,86,63 125,22,23
]u^ Zp<] Gpu dpBu Os[S-Tm Xuõ [u Gpe{ Be{ `v
Balance carried over to Balance Sheet ... ... 33,93 33,93

YpuB TOTAL 6729,55,77 4544,53,23

T}<O ]uYZ Xt[ @‚ZSu Ypu£Y dpY

Basic Earnings per Share ‘. Rs. 126.62 ‘. Rs. 86.10
‡{V eo`a ›`yZrH•$V Am`
Diluted Earnings per Share ‘. Rs. 126.50 ‘. Rs. 86.10
T}XsA [uAp Sr<OYpy / Principal Accounting Policies... 17
[uAp-qJ>ØT<NYpy / Notes on Accounts ... ... 18

100

C100 K100
 13 — d<G{O ±YpG
dSs_tEr (000 @‚pu F>puÊ <QYp BYp `v)
SCHEDULE 13 — INTEREST EARNED (000s omitted)

31.3.2008 @‚pu _XpØO \^{ 31.3.2007 @‚pu _XpØO \^{{

(Ep[t \^{) (<TF>[p \^{)
Year ended 31.3.2008 Year ended 31.3.2007
(current year) (previous year)
‘. Rs. ‘. Rs.
I. d<B}Xpuõ/<\<SXY Tmpuõ TZ ±YpG/<XOr@‚pJ>p
Interest/discount on advances/bills ... ... ... 35228,11,19 24839,17,66
II. <\<SRpSpuõ TZ dpY
Income on investments ... ... ... 11944,16,36 10456,19,75
III. WpZOrY qZ˚\{ Vvõ@‚ Xuõ GXpZp<]Ypuõ dpvZ dÆY dzOZ-Vvõ@‚ <S<RYpuõ TZ ±YpG
Interest on balances with Reserve Bank of India
and other inter-bank funds ... ... ... 1200,07,40 1729,01,78
IV. dÆY
Others ... ... ... 577,95,76 217,93,41

YpuB TOTAL 48950,30,71 37242,32,60

14 — dÆY dpY
dSs_tEr (000 @‚pu F>puÊ <QYp BYp `v)
SCHEDULE 14 — OTHER INCOME (000s omitted)

31.3.2008 @‚pu _XpØO \^{ 31.3.2007 @‚pu _XpØO \^{{

(Ep[t \^{) (<TF>[p \^{)
Year ended 31.3.2008 Year ended 31.3.2007
(current year) (previous year)

‘. Rs. ‘. Rs.
I. @‚Xr]S, <\<SXY dpvZ Q[p[r
Commission, exchange and brokerage ... ... ... 5914,25,45 4804,50,30
II. <\<SRpSpuõ @u‚ <\@}‚Y TZ [pW (`p<S) (<S\[)
Profit / (Loss) on sale of investments (Net) ... ... ... 1649,83,91 567,78,12
III. <\<SRpSpuõ @u‚ TsSX{t∂Ypz@‚S TZ [pW (`p<S)
Profit / (Loss) on revaluation of investments ... ... ... (703,50,07) (640,71,90)
IV. nQ≤>Q>mH•$V AmpÒV`m| g{hV Wt<X, W\Spuõ dpvZ dÆY
dp˘∫OYpuõ @u‚ <\@}‚Y TZ [pW (<S\[)
Profit on sale of land, buildings and other assets
including leased assets (Net) ... ... 11,04,09 7,47,20
V. <\<SXY [uSQuS TZ [pW
Profit on exchange transactions ... ... ... 692,69,81 331,46,97
VI. <\Qu]/WpZO Xuõ ∫Pp<TO _XSs^z<BYpuõ/@z‚T<SYpuõ dpvZ/Yp _zYs°O f Xpuõ _u
[pWpz]puõ dp<Q @u‚ ’‚T Xuõ d<G{O dpY
Income earned by way of dividends, etc., from subsidiaries/
companies and/or joint ventures abroad/in India ... ... ... 197,40,55 598,12,03
VII. {dŒmr` - TJoJ>p dpY Income from financial lease ... ... ... 31,86,36 88,28,86
VIII. T}@‚√N{ dpY
Miscellaneous Income ... ... ... 901,32,74 1008,34,60

YpuB TOTAL 8694,92,84 6765,26,18

101

C101 K101
 15 — ∑YY q@‚Yp BYp ±YpG
dSs_tEr (000 @‚pu F>puÊ <QYp BYp `v)
SCHEDULE 15 — INTEREST EXPENDED (000s omitted)

31.3.2008 @‚pu _XpØO \^{ 31.3.2007 @‚pu _XpØO \^{{

(Ep[t \^{) (<TF>[p \^{)
Year ended 31.3.2008 Year ended 31.3.2007
(current year) (previous year)
‘. Rs ‘. Rs.
I. GXpZp<]Ypuõ TZ ±YpG
Interest on deposits ... ... ... 27072,58,10 18704,71,59
II. WpZOrY qZ˚\{ Vvõ@‚/dzOZ-Vvõ@‚ fRpZpuõ TZ ±YpG
Interest on Reserve Bank of India/Inter-bank borrowings ... ... 2938,43,98 1450,53,15
III. dÆY
Others ... ... ... 1918,05,61 2028,88,74

YpuB TOTAL 31929,07,69 22184,13,48

16 — TqZEp[S ∑YY
dSs_tEr (000 @‚pu F>puÊ> <QYp BYp `v)
SCHEDULE 16 — OPERATING EXPENSES (000s omitted)

31.3.2008 @‚pu _XpØO \^{ 31.3.2007 @‚pu _XpØO \^{{

(Ep[t \^{) (<TF>[p \^{)
Year ended 31.3.2008 Year ended 31.3.2007
(current year) (previous year)
‘. Rs. ‘. Rs.
I. @‚X{EpqZYpuõ @‚pu WsBOpS dpvZ fS@u‚ <[h T}p\RpS
Payments to and provisions for employees ... ... ... 7785,86,94 7932,59,36
II. WpJ>@‚, @‚Z dpvZ Zpu]Sr
Rent, taxes and lighting ... ... ... ... 993,41,81 896,50,11
III. XsÈN dpvZ [uAS-_pXB}r
Printing and stationery ... ... ... ... 188,87,76 173,87,31
IV. <\cpTS dpvZ T}EpZ
Advertisement and publicity ... ... ... ... 173,23,16 88,42,66
V. (@‚) Vvõ@‚ @‚√ _zT<l TZ Xt∂Y◊p_ (TJ>oJ>p@w‚O dp˘∫OYpuõ @u‚ d<OqZ°O)
(a) Depreciation on bank’s property (Other than Leased Assets) ... 651,04,24 527,74,82
(A) TJ>oJ>p@w‚O dp˘∫OYpuõ TZ Xt∂Y◊p_
(b) Depreciation on Leased Assets ... ... ... 28,93,67 74,64,41
VI. <SQu]@‚puõ @‚√ U‚√_, Wlu dpvZ ∑YY
Directors’ fees, allowances and expenses ... ... ... 1,23,20 107,83
VII. [uAp-TZrb@‚puõ @‚√ U‚√_ dpvZ ∑YY (]pAp [uAp-TZrb@‚puõ @‚√ U‚√_ Edß Ï`` _<`O)
Auditors’ fees and expenses (including branch auditors’ 97,34,58 62,28,29
fees and expenses)
VIII. <\<R T}WpZ
Law charges ... ... ... ... 60,45,14 57,35,98
IX. L>p@‚ X`_t[, OpZ dpvZ J>u[rU‚puS dp<Q
Postage, Telegrams, Telephones etc. ... ... ... ... 216,57,72 118,16,92
X. XZ≥XO dpvZ dSsZbN
Repairs and maintenance ... ... ... ... 235,82,73 189,14,95
XI. VrXp
Insurance ... ... ... ... 415,84,36 355,28,60
XII. dÆY ∑YY
Other expenditure ... ... ... ... 1759,95,29 1346,40,42

YpuB TOTAL 12608,60,60 11823,51,66

102

C102 K102
AZwgyMr 17
‡_wI boIm Zr{V`m±
H$. V°`ma H$aZo H$m AmYma
gbæ {dŒmr` {ddaU Ad{YJV bmJV AmYma na, So>ardo{Q>Ïg Am°a {dXoer _w–m
boZ-XoZm| Ho$ {bE `Wm Amemo{YV, ¡m°gm {H$ ZrMo ^mJ ""J'' _| d{U©V h°,
V°`ma {H$E JE h¢. do ^maV _| gm_m›`V: ÒdrH•$V boIm-{g’mßVm| (¡mrEEnr) Ho$
AZw Í $n h¢ Edß {¡mZ_| gmß { d{YH$ ‡mdYmZ, {Z`m_H$/^maVr` [aμ ¡ md© ~¢ H $
(Ama~rAmB©) Ho$ {Xem-{ZX}e, ^maVr` gZXr boImH$ma gßÒWmZ (AmB©grEAmB©)
¤mam ¡mmar boIm-_mZH$/_mJ©Xeu {Q>fln{U`m± Am°a ^maV _| ~¢qH$J C⁄moJ _| ‡M{bV
‡WmE± em{_b hmoVr h¢.
I. ‡mäH$bZm| H$m ‡`moJ
{dŒmr` {ddaUm| H$mo V°`ma H$aZo _| ‡~ßYZ H$mo, {dŒmr` {ddaUm| H$s {V{W H$mo - AmpÒV`m|
Am°a Xo`VmAm|, (Bg_| AmH$pÒ_H$ Xo`VmE± gpÂ_{bV h¢) H$s gy{MV am{e VWm gyMZm
Ad{Y Ho$ Xm°amZ gy{MV Am` Edß Ï`` _| ‡{V\${bV ‡mäH$bZ Am°a nydm©Zw_mZ H$aZo H$s
AmdÌ`H$Vm hmoVr h°. ‡~ßYZ H$m `h _mZZm h° {H$ {dŒmr` {ddaUm| H$mo V°`ma H$aZo _|
‡`wäV ‡mäH$bZ `Wmo{MV Edß n`m©flV h¢. ^mdr n[aUm_ BZ ‡mäH$bZm| go AbJ hmo
gH$Vo h¢. boIm ‡mäH$bZm| _| {H$gr gßemoYZ H$m dV©_mZ Am°a ^{dÓ`JV Ad{Y Ho$ {bE
^{dÓ`bjr ‡^md go A{^kmZ {H$`m J`m h°.
J. ‡_wI boIm Zr{V`m±
1. am¡mÒd {ZYm©aU
1.1 {ZÂZmß{H$V H$mo N>moãS>H$a Am` Am°a Ï`` H$mo ‡moX≤^dZ AmYma na boIo _|
{b`m J`m h°. ~¢H$ Ho$ {dXoe pÒWV H$m`m©b`m| Ho$ gß~Yß _| Am` H$m A{^kmZ
Cg Xoe Ho$ ÒWmZr` H$mZyZ Ho$ AZwgma {H$`m J`m h° {¡mg Xoe _| dh
H$m`m©b` pÒWV h°.
1.2 „`m¡m Am` H$m bm^ Am°a hm{Z ImVo _| ‡moX≤^yV AmYma na {ZYm©aU
(i) A{J´_m|, nQ≤>Q>m| Am°a {d{ZYmZm| go g_m{dÔ> AZ¡m©H$ AmpÒV`m| go
Am`, {¡mgH$m {ZYm© a U ^maVr` [aμ ¡ md© ~¢ H $ / gß ~ ß { YV Xo e Ho $
{d{Z`m_H$m| (BgHo$ nÌMmV≤ gm_y{hH$ Èn go {d{Z`m_H$ ‡m{YH$mar
H$hbmE ¡mmEßJo) ¤mam {ZYm©[aV {ddoH$nyU© _mZXßS>m| Ho$ AZwgma dgybr
AmYma na {H$`m ¡mmVm h°, (ii) {d{ZYmZm| H$s AmdoXZ-am{e na „`m¡m,
(iii) {d{ZYmZm| VWm ~Q≤>Q>mH•$V {~bm| na A{VXo` „`m¡m Ho$ Abmdm
{H$`m J`m h°. (iv) Èn`m So>ardo{Q>Ïg na Am` H$mo ""Q¥>oqS>J'' Zm_ go
Zm{_V {H$`m J`m h°.
1.3 {d{ZYmZm| H$s {~H´$s na hmoZo dmbo bm^ / hm{Z H$mo ""{d{ZYmZ H$s {~H´$s
na bm^/hm{Z'' ImVo _| ¡m_m/Zm_o {H$`m J`m h° Am°a CgHo$ nÌMmV≤
""n[anädVm Ho$ {bE aIo JE'' loUr Ho$ {d{ZYmZm| H$s {~H´$s na hmoZo dmbo
bm^ H$mo (‡`mo¡` H$am| Am°a gmß{d{YH$ Ama{j{V AnojmAm| H$mo KQ>mZo Ho$
~mX) ny±¡mr Ama{j{V _| {d{Z`moJ {H$`m J`m h°.
1.4 {dŒm nQ≤>Q>m| go h˛B© Am` H$m n[aH$bZ ‡mW{_H$ nQ≤>Q>m Ad{Y go A{YH$
Ad{Y Ho$ nQ≤>Q>o na ~H$m`m {Zdb {d{ZYmZ Ho$ nQ≤>Q>o _| A›V{Z©{hV „`m¡m
Xa H$m Cn`moJ H$aHo$ {H$`m J`m h°. 01 A‡°b, 2001 go ‡^mdr nQ≤>Q>m| H$mo
nQ≤>Q>o _| {Zdb {d{ZYmZ Ho$ g_mZ am{e Ho$ A{J´_ Ho$ Í$n _| boIo _| {b`m
J`m h°. nQ≤>Q>m {H$am`m| H$m _yb am{e Am°a {dŒm Am` _| ‡^m¡mZ {dŒm nQ≤>Q>m|
go gÂ~’ ~H$m`m {Zdb ‡mdYmZm| Ho$ {Z`V Amd{YH$ ‡{V\$b Ho$ namdVu
ÒdÍ$n Ho$ AmYma na {H$`m J`m h°. _yb am{e H$m Cn`moJ nQ≤>Q>o _| {Zdb
{d{ZYmZ am{e H$mo KQ>mZo Ho$ {bE {H$`m J`m h° Am°a {dŒm Am` H$mo „`m¡m
Am` Ho$ Í$n _| [anmoQ©> {H$`m J`m h°.
1.5 ""n[anädVm Ho$ {bE aIo JE'' loUr _| {d{ZYmZ na Am` („`m¡m H$mo
103
C103 K103
SCHEDULE 17
PRINCIPAL ACCOUNTING POLICIES :
A. Basis of Preparation
The accompanying financial statements have been prepared
under the historical cost convention as modified for
derivatives and foreign currency transactions, as enumerated
in Part C below. They conform to Generally Accepted
Accounting Principles (GAAP) in India, which comprise the
statutory provisions, guidelines of regulatory authorities,
Reserve Bank of India (RBI), accounting standards/guidance
notes issued by the Institute of Chartered Accountants of
India (ICAI), and the practices prevalent in the banking
industry in India.
B. Use of Estimates
The preparation of financial statements requires the
management to make estimates and assumptions considered
in the reported amounts of assets and liabilities (including
contingent liabilities) as of the date of the financial statements
and the reported income and expenses during the reporting
period. Management believes that the estimates used in the
preparation of the financial statements are prudent and
reasonable. Future results could differ from these estimates.
Any revision to the accounting estimates is recognised
prospectively in the current and future periods.
C. PRINCIPAL ACCOUNTING POLICIES
1. Revenue recognition
1.1 Income and expenditure are accounted on accrual
basis, except otherwise stated below. In respect of
banks’ foreign offices, income is recognised as per
the local laws of the country in which the respective
foreign office is located.
1.2 Interest income is recognised in the Profit and Loss
Account as it accrues except (i) income from non-
performing assets (NPAs), comprising of advances,
leases and investments, which is recognised upon
realisation, as per the prudential norms prescribed
by the RBI/ respective country regulators (hereafter
collectively referred to as Regulatory Authorities),
(ii) interest on application money on investments
(iii) overdue interest on investments and bills
discounted, (iv) Income on Rupee Derivatives
designated as “Trading”.
1.3 Profit / Loss on sale of investments is credited /
debited to “Profit / Loss on Sale of Investments” and
thereafter in respect of profit on sale of investments
in the Held to Maturity category is appropriated (net
of applicable taxes and statutory reserve
requirements) to Capital Reserve.
1.4 Income from finance leases is calculated by applying
the interest rate implicit in the lease to the net
investment outstanding on the lease, over the
primary lease period. Leases effective from April 1,
2001 are accounted as advances at an amount equal
to the net investment in the lease. The lease rentals
are apportioned between principal and finance
income based on a pattern reflecting a constant
periodic return on the net investment outstanding
in respect of finance leases. The principal amount
is utilized for reduction in balance of net
investment in lease and finance income is reported
as interest income.
1.5 Income (other than interest) on investments in “Held
 N>mSão >H$a) H$mo Aß{H$V _yÎ` H$s VwbZm _| ~Q≤>Q>mH•$V _yÎ` na {ZÂZdV A{^kmZ to Maturity” (HTM) category acquired at a discount
to the face value, is recognised as follows :
_| {b`m J`m h° :
a) On Interest bearing securities, it is recognised
H$) „`m¡m-‡m· H$aZo dmbr ‡{V^y{V`m| Ho$ gßX^©, _| Bgo {~H´$s / emoYZ only at the time of sale/ redemption.
Ho$ g_` A{^kmZ _| {b`m J`m h°.
b) On zero-coupon securities, it is accounted for
I) ey›`-Hy$nZ ‡{V^y{V`m| na, Bgo ‡{V^y{V H$s eof Ad{Y Ho$ {bE over the balance tenor of the security on a
{Z`V Am` AmYma na boIo _| {b`m J`m h°. constant yield basis.
1.6 ¡mhm± bm^mße ‡m· H$aZo H$m A{YH$ma {g’ hmoVm h° dhm± bm^mße H$mo ‡moX^≤ dZ 1.6 Dividend is accounted on an accrual basis where
the right to receive the dividend is established.
AmYma na boIo _| {b`m J`m h°.
1.7 All other commission and fee incomes are
1.7 (i) AmÒW{JV ^wJVmZ Jmaß{Q>`m| na JmaßQ>r H$_reZ H$m AmH$bZ JmaßQ>r recognised on their realisation except for (i)
H$s nyar Ad{Y Ho$ {bE {H$`m J`m h° Am°a (ii) gaH$mar Ï`dgm` na Guarantee commission on deferred payment
H$_reZ H$m {ZYm©aU ‡moX≤^dZ AmYma na {H$`m J`m h°. BZ XmoZm| H$mo guarantees, which is spread over the period of the
N>moãS>H$a A›` g^r H$_reZ Am°a ewÎH$ - Am` H$m {ZYm©aU dgybr Ho$ guarantee and (ii) Commission on Government
Business, which is recognised as it accrues.
~mX {H$`m J`m h°.
2. Investments
2. {d{ZYmZ
Investments are accounted for in accordance with the
{d{ZYmZm| H$mo dV©_mZ {d{Z`m_H$ {Xem-{ZX}em| Ho$ AZwgma boIo _| {b`m J`m extant regulatory guidelines. The bank follows trade date
h°. ~¢H$ AnZo {d{ZYmZm| H$mo boIo _| boZo Ho$ {bE Ï`dgm`-{V{W n’{V AnZmVm h°. method for accounting of its investments.
2.1 dJuH$aU 2.1 Classification
{d{ZYmZm| H$m 03 lo{U`m| AWm©V≤ ""n[anädVm Ho$ {bE aIo JE'', ""{dH´$` Investments are classified into 3 categories, viz. Held
to Maturity, Available for Sale and Held for Trading
Ho$ {bE Cnb„Y'' Am°a ""Ï`dgm` Ho$ {bE aIo JE'' lo{U`m| (BgHo$
categories (hereafter called categories). Under each
nÌMmV≤ B›h| lo{U`m± H$hm J`m h°) _| dJuH$aU {H$`m J`m h°. BZ lo{U`m| _| of these categories, investments are further classified
‡À`oH$ loUr Ho$ A›VJ©V {d{ZYmZm| H$mo nwZ: {ZÂZmZwgma N>h g_yhm| _| dJuH•$V into the following six groups:
{H$`m J`m h°. i. Government Securities,
i. gaH$mar ‡{V^y{V`m±, ii. Other Approved Securities,
ii. A›` AZw_mo{XV ‡{V^y{V`m±,
iii. Shares,
iii. eo`a,
iv. Debentures and Bonds,
iv. {S>~|Ma Am°a ~mßS>,
v. Subsidiaries/Joint ventures and
v. AZwfßJr/gß`wäV C⁄_ VWm
vi. Others.
vi. A›`
2.2 Basis of classification:
2.2 dJuH$aU H$m AmYma :
i. Investments that the Bank intends to hold till
i. CZ {d{ZYmZm| H$mo ""n[anädVm Ho$ {bE aIo JE'' loUr Ho$ A›VJ©V maturity are classified as Held to Maturity.
dJuH•$V {H$`m J`m h°, {¡m›h| ~¢H$ ¤mam n[anädVm VH$ aIm ¡mmVm h°. ii. Investments that are held principally for resale
ii. CZ {d{ZYmZm| H$mo ""Ï`dgm` Ho$ {bE aIo JE'' loUr Ho$ A›VJ©V within 90 days from the date of purchase are
classified as Held for Trading.
dJuH•$V {H$`m J`m h°, {¡m›h| H´$` {V{W go 90 {XZm| Ho$ ^rVa
iii. Investments, which are not classified in the
{g’mßVV: nwZ{d©H´$` hoVw aIm ¡mmVm h°.
above two categories, are classified as
iii. {¡mZ {d{ZYmZm| H$mo Cn`wä© V Xmo lo{U`m| _| dJuH•$V Zht {H$`m J`m h°, Available for Sale.
C›h| ""{dH´$` Ho$ {bE Cnb„Y'' loUr Ho$ Í$n _| dJuH•$V {H$`m J`m h°. iv. An investment is classified as Held to Maturity,
iv. {H$gr {d{ZYmZ H$mo BgHo$ H´$` Ho$ g_` ""n[anädVm Ho$ {bE aIo Available for Sale or Held for Trading at the
time of its purchase and subsequent shifting
JE'', ""{dH´$` Ho$ {bE Cnb„Y'' `m ""Ï`dgm` Ho$ {bE aIo JE''
amongst categories is done in conformity with
lo{U`m| _| dJuH•$V {H$`m J`m h° Am°a CgHo$ nÌMmV≤ lo{U`m| _| naÒna regulatory guidelines.
n[adV©Z {d{Z`m_H$ {Xem-{ZX}em| Ho$ AZwÍ$n {H$`m J`m h¢. v. Investments in subsidiaries, joint ventures and
v. AZwf{ß J`m|, gß`äw V C⁄_m| Am°a gh`mo{J`m| _| {H$E JE {d{ZYmZm| H$mo associates are classified under as Held to
""n[anädVm Ho$ {bE aIo JE'' loUr Ho$ AßVJ©V dJuH•$V {H$`m J`m h°. Maturity.
2.3 Valuation :
2.3 _yÎ`Z :
i. In determining the acquisition cost of an
i. {H$gr {d{ZYmZ H$s A{^J´hU-bmJV H$m {ZYm©aU H$aZo _|; investment :
(H$) A{^XmZmo na ‡mflV Xbmbr/H$_reZ H$mo bmJV _| go KQ>m (a) Brokerage/commission received on
{X`m J`m h°. subscriptions is reduced from the cost.
(b) Brokerage, commission etc. paid in
(I) {d{ZYmZm| Ho$ A{^J´hU Ho$ gß~ßY _| ‡XŒm Xbmbr, H$_reZ connection with acquisition of
Am{X H$m Cgr g_` Ï`` H$a {X`m J`m h° Am°a B›h| bmJV _| investments are expensed upfront and
em{_b Zht {H$`m J`m h°. excluded from cost.

104

C104 K104
 (J) F$U {bIVm| na Iß{S>V Ad{Y Ho$ {bE ‡XŒm/‡mflV „`m¡m
H$mo „`m¡m Ï``/Am` Ho$ Í$n _| _mZm J`m h° Am°a B›h|
bmJV / {dH´$` Ho$ ‡{V\$b _| em{_b Zht {H$`m J`m h°.
(K) bmJV H$m {ZYm©aU ^m[aV Am°gV bmJV ‡Umbr Ho$ AZwgma
{H$`m J`m h°.
(S>) CnamoäV VrZ lo{U`m| _| ‡{V^y{V Ho$ AßVaU H$mo AßVaU H$s
{V{W na ›`yZV_ A{^J´hU bmJV/~hr _yÎ`/~m¡mma _yÎ`
Ho$ AZwgma boIo _| {b`m J`m h°, Am°a Eogo AßVaU na h˛E
_yÎ`h≤amg, `{X hmo Vmo, H$m nyU©V`m ‡mdYmZ {H$`m J`m h°.
ii. am¡mÒd {~bm| Am°a dm{Up¡`H$ nÃm| H$m _yÎ`Z AJ´mZrV Ï`` AmYma
na {H$`m J`m h°.
iii. n[anädVm Ho$ {bE aIo JE loUr : n[anädVm Ho$ {bE aIo JE
‡À`oH$ pÒH´$n H$mo A{^J´hU bmJV na {b`m J`m h° Am°a `{X Cgo
Aß{H$V _yÎ` na A{^J•hrV {H$`m J`m h° Vmo Cgo n[aemo{YV bmJV
na {b`m J`m h°. {H$gr A{^J•hrV ‡r{_`_ H$mo {Z`V Am` AmYma
na ‡{V^y{V H$s ~Mr h˛B© n[anädVm Ad{Y _| n[aemo{YV {H$`m
J`m h°. Eogo ‡r{_`_ Ho$ n[aemoYZ H$mo ""{d{ZYmZm| na „`m¡m''
erf© Ho$ A›VJ©V Am` Ho$ gmnoj g_m`mo{OV {H$`m J`m h°. AÒWm`r
Ho$ A{V[aäV h≤amg Ho$ {bE ‡mdYmZ {H$`m J`m h°. joÃr` J´m_rU
~¢H$m| H$mo N>moãS>H$a AZwfß{J`m|, gß`wäV C⁄_m| Am°a gh`mo{J`m| (Xoe
Am°a {dXoe XmoZm| _| hr) _| {d{ZYmZ H$mo Ad{YJV bmJV AmYma
na _yÎ`mß{H$V {H$`m J`m h°. joÃr` J´m_rU ~¢H$m| _| {d{ZYmZ H$mo
AJ´mZrV bmJV (AWm©V≤ ~hr _yÎ`) na _yÎ`mß{H$V {H$`m J`m h°.
iv. {dH´$` Ho$ {bE Cnb„Y VWm Ï`dgm` Ho$ {bE aIo JE
lo{U`m± : CnamoäV XmoZm| lo{U`m| Ho$ ‡À`oH$ pÒH´$n H$m nwZ_y©Î`Z
{d{Z`m_H$ {Xem-{ZX}em| Ho$ AZwgma {ZYm©[aV ~m¡mma _yÎ`
`m C{MV _yÎ` Ho$ AZwgma {H$`m J`m h° Am°a ‡À`oH$ loUr go gÂ~’
‡À`oH$ g_yh Ho$ {Zdb _yÎ`h≤amg H$m ‡mdYmZ {H$`m J`m h° Am°a
{Zdb _yÎ`d•{’ H$mo boIo _| Zht {b`m J`m h°. _yÎ`h≤amg H$m
‡mdYmZ hmoZo na ‡À`oH$ ‡{V^y{V H$m ~hr _yÎ` ~m¡mma Ho$ ~hr -
_yÎ` Ho$ AZwgma AßH$Z Ho$ nÌMmV≤ An[ad{V©V ahm h°.
v. AmpÒV nwZ{Z©_m©U Hß$nZr ¤mam ¡mmar ‡{V^y{V agrXm| H$m _yÎ`Z J°a-
gmß{d{YH$ Mb{Z{Y AZwnmV (Zm∞Z-gEbAma) {bIVmo na bmJy
{Xem-{ZX}em| Ho$ AZwgma {H$`m J`m h°. VXZwgma, {¡mZ _m_bm| _|
AmpÒV nwZ{Z©_m©U Hß$nZr ¤mam ¡mmar ‡{V^y{V agrXm| H$m n[aemoYZ
VÀgÂ~’ `mo¡mZm Ho$ {bIVm| Ho$ {bE Am~ß{Q>V {dŒmr` AmpÒV`m|
H$s dmÒV{dH$ dgybr Ho$ AZwgma {H$`m J`m h°, CZ _m_bm| _| {Zdb
AmpÒV _yÎ`, AmpÒV nwZ{Z©_m©U Hß$nZr go ‡mflV, H$s JUZm Eogo
{d{ZYmZm| Ho$ _yÎ`Z Ho$ {bE H$s JB© h°.
vi. Xoer H$m`m©b`m| Ho$ gß~ßY _| ^maVr` [aμ¡md© ~¢H$ Ho$ VWm {dXoe pÒWV
H$m`m©b`m| Ho$ gß~ßY _| Cg Xoe Ho$ {d{Z`m_H$m| Ho$ {Xem-{ZX}em| Ho$
AmYma na {d{ZYmZm| H$mo A¡m©H$ Am°a AZ¡m©H$ lo{U`m| _| {d^mp¡mV
{H$`m J`m h°. Xoer H$m`m©b`m| Ho$ {d{ZYmZ {ZÂZ{b{IV pÒW{V`m|
_| AZ¡m©H$ hmo ¡mmVo h¢ :
H$) „`m¡m/{H$ÒV (n[anädVm am{e g{hV) Xo` h° Am°a 90 {XZm|
go A{YH$ Ad{Y Ho$ {bE ~H$m`m h¢.
I) B{ädQ>r eo`am| Ho$ gß~ßY _|, ¡mhm± A⁄VZ VwbZnà H$s
AZwnb„YVm Ho$ H$maU eo`am| H$mo È. 1/- ‡{V Hß$nZr _yÎ`
‡XmZ {H$`m J`m h° - Eogo B{ädQ>r eo`am| H$mo AZ¡m©H$ {d{ZYmZ
_mZm ¡mmEJm.
105
C105 K105
(c) Broken period interest paid / received on
debt instruments is treated as interest
expense/income and is excluded from cost/
sale consideration.
(d) Cost is determined on the weighted average
cost method.
(e) The transfer of a security amongst the
above three categories is accounted for at
the least of acquisition cost/book value/
market value on the date of transfer, and
the depreciation, if any, on such transfer is
fully provided for.
ii. Treasury Bills and Commercial Papers are
valued at carrying cost.
iii. Held to Maturity category: Each scrip under
Held to Maturity category is carried at its
acquisition cost or at amortised cost, if acquired
at a premium over the face value. Any premium
on acquisition is amortised over the remaining
maturity period of the security on constant yield
basis. Such amortisation of premium is adjusted
against income under the head “interest on
investments”. A provision is made for
diminution, other than temporary. Investments
in subsidiaries, joint ventures and associates
(both in India and abroad) are valued at
historical cost except for investments in
Regional Rural Banks, which are valued at
carrying cost (i.e book value).
iv. Available for Sale and Held for Trading
categories: Each scrip in the above two
categories is revalued at the market price or
fair value determined as per Regulatory
guidelines, and only the net depreciation of
each group for each category is provided for
and net appreciation, is ignored. On provision
for depreciation, the book value of the
individual securities remains unchanged after
marking to market.
v. Security receipts issued by an asset
reconstruction company (ARC) are valued in
accordance with the guidelines applicable to
non-SLR instruments. Accordingly, in cases
where the security receipts issued by the ARC
are limited to the actual realisation of the
financial assets assigned to the instruments in
the concerned scheme, the Net Asset Value,
obtained from the ARC, is reckoned for
valuation of such investments.
vi. Investments are classified as performing and
non-performing, based on the guidelines issued
by the RBI in case of domestic offices and
respective regulators in case of foreign offices.
Investments of domestic offices become non
performing where :
a) Interest/installment (including maturity
proceeds) is due and remains unpaid for
more than 90 days.
b) In the case of equity shares, in the event
the investment in the shares of any
company is valued at Re. 1 per company
on account of the non availability of the
latest balance sheet, those equity shares
would be reckoned as NPI.
 J) `{X ¡mmarH$Vm© ¤mam br JB© H$moB© F$U-gw{dYm ~¢H$ - ~hr _|
AZ¡m©H$ AmpÒV hmo JB© h° - Eogr pÒW{V _| Cgr ¡mmarH$Vm©
¤mam ¡mmar {H$gr ^r ‡{V^y{V _| {d{ZYmZ H$mo Am°a ¡mmarH$Vm©
¤mam {d{ZYmZ H$mo AZ¡m©H$ {d{ZYmZ _mZm ¡mmEJm.
K) Cn`w©äV, AmdÌ`H$ n[adV©Zm| Ho$ gmW CZ {‡\$ao›g eo`am| na
^r bmJy hmoJm ¡mhm± {ZYm©[aV bm^mße H$m ^wJVmZ Zht {H$`m
J`m h°.
L>) Eogo {S>~|Mam| / ~mßS>m| _| {d{ZYmZ ¡mmo A{J´_ H$s ‡H•${V Ho$ h¢
CZ na AZ¡m©H$ {d{ZYmZ Ho$ dhr _mZXßS> bJ|Jo ¡mmo {d{ZYmZm|
na bmJy hmoVo h¢.
M) {dXoe pÒWV H$m`m©b`m| Ho$ AZ¡m©H$ {d{ZYmZm| Ho$ gß~ßY _|
‡mdYmZ-ÒWmZr` {d{Z`m_H$m| AWdm ^maVr` [aμ¡md© ~¢H$
Ho$ _mZXßS>m| _| ¡mmo A{YH$ Wm CgHo$ AZwgma {H$`m J`m h°.
vii. [anmo VWm ‡À`md{V©V [anmo boZ-XoZ (^maVr` [aμ¡md© ~¢H$ Ho$ gmW
Mb{Z{Y g_m`mo¡mZ gw{dYm (EbEE\$) Ho$ AYrZ boZXoZ Ho$
Abmdm) H$mo boIo _| boZo Ho$ {bE ~¢H$ Zo ^maVr` [aμ¡md© ~¢H$ ¤mam
{ZYm©[aV ""g_mZ boIm ‡{H´$`m'' H$mo AnZm`m h°. VXZwgma, [anmo/
‡À`md{V©V [anmo Ho$ AYrZ {dH´$`/H´$` H$s JB© ‡{V^y{V`m| H$mo
EH$_wÌV {dH´$` / H´$` _mZm J`m h° Am°a C›h| [anmo/‡À`md{V©V [anmo
ImVm| Ho$ boIo _| {b`m J`m h° VWm BZ ‡{d{Ô>`m| H$m n[anädVm
{V{W H$mo ‡À`mdV©Z {H$`m J`m h°. bmJV Edß am¡mÒd H$mo `WmpÒW{V
„`m¡m Ï``/Am` Ho$ Í$n _| boIo _| {b`m J`m h°. [anmo/‡À`md{V©V
[anmo ImVo H$s eof am{e H$m g_m`mo¡mZ {d{ZYmZ ImVo H$s eof am{e
Ho$ gmnoj {H$`m J`m h°.
viii. ^maVr` [aμ¡md© ~¢H$ Ho$ gmW Mb{Z{Y g_m`mo¡mZ gw{dYm (EbEE\$)
Ho$ AYrZ H´$` / {~H´$s H$s JB© ‡{V^y{V`m| H$mo {d{ZYmZ ImVo _|
Zm_o/¡m_m {H$`m J`m h° Am°a CZH$mo boZXoZ H$s n[anädVm H$s {V{W
na ‡À`md{V©V {H$`m J`m h°. CZ na Ï`` / A{O©V „`m¡m H$mo Ï``/
am¡mÒd Ho$ Í$n _| boIo _| {b`m J`m h°.
3 F$U/A{J´_ Am°a CZ na ‡mdYmZ
3.1 F$Um| Am°a A{J´_m| H$m dJuH$aU ^maVr` [aμ¡md© ~¢H$ ¤mam ¡mmar {Xem -
{ZX}em| Ho$ AmYma na A¡m©H$ Am°a AZ¡m©H$ F$Um| Am°a A{J´_m| Ho$ Í$n _|
{H$`m J`m h°. F$U AmpÒV`m± CZ _m_bm| _| AZ¡m©H$ ~Z JB© h¢, ¡mhm±:
i. gmd{Y F$U Ho$ gß~ßY _|, „`m¡m Am°a/AWdm _ybYZ H$s {H$ÒV 90
{XZm| go A{YH$ Ad{Y Ho$ {bE A{VXo` ahVr h°;
ii. AmodaS¥>m‚Q> `m ZH$X-F$U A{J´_ Ho$ gß~ßY _| ImVm ""AgßJV''
(""AmCQ> Am∞\$ AmS©>a'') ahVm h°, AWm©V≤ `{X ~H$m`m eofam{e
{Za›Va 90 {XZm| H$s Ad{Y Ho$ {bE gßÒdrH•$V gr_m /AmhaU
‡m{YH$ma go A{YH$ hmo ¡mmVr h°, `m H$moB© ^r am{e VwbZnà H$s
{V{W H$mo {Za›Va 90 {XZm| Ho$ {bE ¡m_m Zht h° AWdm `o
¡m_mam{e`m± Cgr Ad{Y Ho$ Xm°amZ Xo` „`m¡m H$m ^wJVmZ H$aZo Ho$
{bE An`m©flV h¢;
iii. H´$` {H$E JE/~Q≤>Q>mH•$V {~bm| Ho$ gß~Y ß _|, {~b 90 {XZm| H$s Ad{Y
go A{YH$ A{VXo` ahVo h¢;
iv. AÎnmd{Y \$gbm| Ho$ {bE H•${f A{J´_m| Ho$ gß~ßY _|, ¡mhm± _ybYZ
H$s {H$ÒV `m „`m¡m 02 \$gb-F$VwAm| Ho$ {bE A{VXo` ahVo h¢;
v. XrKm©d{Y \$gbm| Ho$ {bE H•${f A{J´_m| Ho$ gß~ßY _|, ¡mhm± _ybYZ `m
„`m¡m EH$ \$gb -F$Vw Ho$ {bE A{VXo` ahVo h¢.
3.2 AZ¡m©H$ A{J´_m| H$mo ^maVr` [aμ¡md© ~¢H$ ¤mam {ZYm©[aV {ZÂZ{b{IV _mZXßS>m|
Ho$ AmYma na Ad-_mZH$, gß{XΩY Am°a hm{Z‡X AmpÒV`m| _| dJuH•$V
{H$`m J`m h°:
106
C106 K106
c) If any credit facility availed by the issuer
is NPA in the books of the bank,
investment in any of the securities issued
by the same issuer would also be treated
as NPI and vice versa.
d) The above would apply mutatis-mutandis
to preference shares where the fixed
dividend is not paid.
e) The investments in debentures/bonds,
which are deemed to be in the nature of
advance, are also subjected to NPI norms
as applicable to investments.
f) In respect of foreign offices, provisions for
non performing investments are made as
per the local regulations or as per the norms
of RBI, whichever is higher.
vii. The Bank has adopted the Uniform Accounting
Procedure prescribed by the RBI for accounting
of Repo and Reverse Repo transactions [other
than transactions under the Liquidity
Adjustment Facility (LAF) with the RBI].
Accordingly, the securities sold/purchased
under Repo/Reverse repo are treated as outright
sales/purchases and accounted for in the Repo/
Reverse Repo Accounts, and the entries are
reversed on the date of maturity. Costs and
revenues are accounted as interest expenditure/
income, as the case may be. Balance in Repo/
Reverse Repo Account is adjusted against the
balance in the Investment Account.
viii. Securities purchased / sold under LAF with RBI
are debited / credited to Investment Account
and reversed on maturity of the transaction.
Interest expended / earned thereon is accounted
for as expenditure / revenue.
3. Loans /Advances and Provisions thereon
3.1 Loans and Advances are classified as performing and
non-performing, based on the guidelines issued by
the RBI. Loan assets become non-performing where:
i. In respect of term loan, interest and/or
instalment of principal remains overdue for a
period of more than 90 days;
ii. In respect of an Overdraft or Cash Credit
advance, the account remains “out of order”,
i.e. if the outstanding balance exceeds the
sanctioned limit/drawing power continuously
for a period of 90 days, or if there are no credits
continuously for 90 days as on the date of
balance-sheet, or if the credits are not adequate
to cover the interest due during the same period;
iii. In respect of bills purchased/discounted, the
bill remains overdue for a period of more than
90 days;
iv. In respect of agricultural advances for short
duration crops, where the instalment of
principal or interest remains overdue for 2
crop seasons;
v. In respect of agricultural advances for long
duration crops, where the principal or interest
remains overdue for one crop season.
3.2 Non-Performing advances are classified into sub-
standard, doubtful and loss assets, based on the
following criteria stipulated by RBI :
 i. Ad-_mZH$ : H$moB© F$U AmpÒV, ¡mmo 12 _hrZm| `m Cggo H$_ Ad{Y
Ho$ {bE AZ¡m©H$ ah JB© h°.
ii. gß{XΩY : H$moB© F$U AmpÒV, ¡mmo 12 _hrZm| H$s Ad{Y Ho$ {bE
Ad-_mZH$ dJ© _| ah JB© h°.
iii. hm{Z‡X : H$moB© F$U AmpÒV, {¡mg_| hm{Z H$m A{^kmZ hmo J`m h°
{H$›Vw Cg am{e H$mo nyU©V`m ~Q≤>Q>o ImVo _| Zht S>mbm J`m h°.
3.3 AZ¡m©H$ AmpÒV`m| Ho$ {bE ‡mdYmZ {d{Z`m_H$ ‡m{YH$m[a`m| ¤mam {ZYm©[aV
dV©_mZ {Xem-{ZX}em| Ho$ AZwgma {H$E JE h¢ Am°a `o ^maVr` [aμ¡md© ~¢H$ ¤mam
{ZYm©[aV {ZÂZ{b{IV ›`yZV_ ‡mdYmZ _mZXßS> Ho$ AYrZ {H$E JE h¢:
Ad-_mZH$ AmpÒV`m± : i. 10% H$m gm_m›` ‡mdYmZ
ii. F$U ¡mmo{I_m|, ¡mmo ‡maß^ go hr A‡{V^yV
h¢, Ho$ {bE 10% H$m A{V[aäV ‡mdYmZ
(¡mhm± ‡{V^y{V H$m dgybr - _yÎ` ‡maß^
go hr 10% go A{YH$ Zht h°)
gß{XΩY AmpÒV`m± :
- ‡{V^yV ^mJ : i. EH$ df© VH$ - 20%
ii. EH$ go VrZ df© VH$ - 30%
iii. VrZ df© go A{YH$ - 100%
- A‡{V^yV ^mJ 100%
hm{Z‡X AmpÒV`m± : 100%
3.4 {dXoe pÒWV H$m`m©b`m| Ho$ AZ¡m©H$ A{J´_m| Ho$ gß~ßY _| ‡mdYmZ -ÒWmZr`
{d{Z`m_H$m| AWdm ^maVr` [aμ¡md© ~¢H$ Ho$ _mZXßS>m| _| ¡mmo A{YH$ Wm
CgHo$ AZwgma {H$`m J`m h°.
3.5 AZ¡m©H$ AmpÒV`m| Ho$ {dH´$` H$mo ^maVr` [aμ¡md© ~¢H$ ¤mam {ZYm©[aV
{Xem - {ZX}em| Ho$ AZwgma boIo _| {b`m J`m h°, {¡mg_| {H$gr KmQo> (¡mhm±
{dH´$` _yÎ` {Zdb ~hr _yÎ` go H$_ h°) Ho$ {bE ‡mdYmZ {H$`m ¡mmZm
AmdÌ`H$ h°, ¡m~{H$ A{Yeof H$mo (¡mhm± {dH´$` _yÎ` {Zdb ~hr _yÎ` go
¡`mXm h°) H$mo em{_b Zht {H$`m J`m h°. {Zdb ~hr _yÎ` aIo JE {d{eÔ>
‡mdYmZ VWm ^maVr` {Z`m©V F$U JmaßQ>r {ZJ_ (Bgr¡mrgr) Ho$ ‡mflV
Xmdm| go KQ>mZo na ~H$m`m h°.
3.6 A{J´_m| _| go {d{eÔ> F$U na {H$E JE hm{Z‡X ‡mdYmZm|, A‡mflV „`m¡m,
^maVr` {Z`m©V F$U JmaßQ>r {ZJ_ (Bgr¡mrgr) Ho$ ‡mflV Xmdm| Am°a ~Q≤>Q>mH•$V
{~bm| H$mo KQ>m {X`m J`m h°.
3.7 nwZg™aMZmJV / nwZ: {ZYm©[aV AmpÒV`m| Ho$ {bE ‡mdYmZ ^maVr` [aμ¡md©
~¢H$ ¤mam ¡mmar {Xem -{ZX}em| Ho$ AZwgma {H$E JE h¢, {¡mgHo$ AZwÍ$n _yb
- F$U H$ama Ho$ AZwgma ^{dÓ`JV ~H$m`m „`m¡m Ho$ dV©_mZ _yÎ` H$s
nwZg™a{MV n°Ho$¡m Ho$ AßVJ©V gÂ^m{dV „`m¡m - Am` go VwbZm H$aZo Ho$
~mX CäV am{e H$s AZ¡m©H$ AmpÒV`m| Ho$ {bE {H$E JE ‡mdYmZ Ho$
A{V[aäV ‡mdYmZ {H$`m ¡mmEJm. CÀg{O©V „`m¡m Ho$ ‡mdYmZ H$mo A{J´_
go KQ>m`m Zht J`m h° Am°a Bgo VwbZnà Ho$ ""A›` Xo`VmE± - A›`'' erf©
Ho$ AßVJ©V em{_b {H$`m J`m h°.
3.8 AZ¡m©H$ AmpÒV`m| Ho$ Í$n _| dJuH•$V F$U ImVm| Ho$ _m_bo _|, {d{Z`m_H$m|
¤mam {ZYm©[aV {Xem-{ZX}em| Ho$ AZwÍ$n hmoZo na hr {H$gr ImVo H$mo A¡m©H$
ImVo Ho$ Í$n _| nwZd©JuH•$V {H$`m ¡mm gH$Vm h°.
3.9 nyd©dVu dfm} _| ~Q≤>Q>o ImVo _| S>mbo JE F$Um| Ho$ gmnoj dgybr JB© am{e H$m
{ZYm©aU am¡mÒd Ho$ Í$n _| {H$`m J`m h°.
3.10 {nN>bo df© A{J´_m| Ho$ gßX^© _| aoImß{H$V {H$E JE Eogo J°a-dgybrH•$V
„`m¡m ¡mmo Mmby df© Ho$ Xm°amZ AZ¡m©H$ hmo JE h¢, CZHo$ {bE ‡mdYmZ
{H$`m J`m h°.
107
C107 K107
i. Sub-standard: A loan asset that has remained
non-performing for a period less than or equal
to 12 months.
ii. Doubtful: A loan asset that has remained in the
sub-standard category for a period of 12 months.
iii. Loss: A loan asset where loss has been identified
but the amount has not been fully written off.
3.3 Provisions are made for NPAs as per the extant
guidelines prescribed by the regulatory authorities,
subject to minimum provisions as prescribed below
by the RBI :
Substandard Assets : i. A general provision
of 10%
ii. Additional provision of
10% for exposures
which are unsecured ab-
initio (where realisable
value of security is not
more than 10 percent ab-
initio)
Doubtful Assets :
– Secured portion : i. Upto one year – 20%
ii. One to three years – 30%
iii. More than three years –
100%
– Unsecured portion 100%
Loss Assets : 100%
3.4 In respect of foreign offices, provisions for non
performing advances are made as per the local
regulations or as per the norms of RBI, whichever
is higher.
3.5 The sale of NPAs is accounted as per guidelines
prescribed by the RBI, which requires provisions to
be made for any deficit (where sale price is lower
than the net book value), while surplus (where sale
price is higher than the net book value) is ignored.
Net book value is outstandings as reduced by specific
provisions held and ECGC claims received.
3.6 Advances are net of specific loan loss provisions,
unrealised interest, ECGC claims received and bills
rediscounted.
3.7 For restructured/rescheduled assets, provisions
are made in accordance with the guidelines issued
by RBI, which requires that the present value of
future interest due as per the original loan
agreement, compared with the present value of the
interest expected to be earned under the
restructuring package, be provided in addition to
provision for NPAs. The provision for interest
sacrifice is not reduced from advances and is
included in the balance sheet under the head
“Other Liabilities-Others”.
3.8 In the case of loan accounts classified as NPAs,
an account may be reclassified as a performing
account if it conforms to the guidelines prescribed
by the regulators.
3.9 Amounts recovered against debts written off in
earlier years are recognised as revenue.
3.10 Unrealised Interest recognised in the previous year
on advances which have become non-performing
during the current year, is provided for.
 3.11 AZ¡m©H$ AmpÒV`m| na {d{eÔ> ‡mdYmZ Ho$ A{V[aäV, ^maVr` [aμ¡md©
~¢H$ ¤mam {ZYm©[aV dV©_mZ {Xem-{ZX}em| Ho$ AZwgma _mZH$ AmpÒV`m|
Ho$ {bE gm_m›` ‡mdYmZ ^r {H$E JE h¢. {Zdb AZ¡m©H$ AmpÒV`m| H$s
pÒW{V H$s ¡mmZH$mar Ho$ {bE _mZH$ AmpÒV`m| na ‡mdYmZm| H$mo JUZm _|
em{_b Zht {H$`m J`m h°. `o ‡mdYmZ VwbZnà H$s AZwgyMr 5 Ho$ ""A›`
Xo`VmE± Am°a ‡mdYmZ - A›`'' erf© Ho$ A›VJ©V ‡X{e©V h¢.
4. Xoedma F$U-¡mmo{I_ Ho$ {bE ‡mdYmZ
AmpÒV dJuH$aU H$s pÒW{V Ho$ AZwÍ$n {H$E JE {d{eÔ> ‡mdYmZ Ho$ A{V[aäV
n•WH≤$ Xoedma F$U ¡mmo{I_ ({Z¡mr Xoe Ho$ Abmdm) Ho$ {bE ‡mdYmZ {H$E JE
h¢. BZ Xoem| H$m dJuH$aU gmV ¡mmo{I_ `Wm ZJ `, H$_, gm_m›`, A{YH$,
AÀ`{YH$, ‡{V~ß{YV Edß F$U _| em{_b Z hmoZo dmbo dJm] _| {H$`m J`m h°,
VWm `h ‡mdYmZ ^maVr` [aμ¡md© ~¢H$ Ho$ dV©_mZ {Xem - {ZX}em| Ho$ AZwgma
{H$`m J`m h°. `{X ‡À`oH$ Xoe go gß~ß{YV ~¢H$ H$m Xoedma F$U ¡mmo{I_ ({Zdb)
Hw$b {Z{YH$ AmpÒV`m| Ho$ 1% go A{YH$ Zht h° Vmo Eogo Xoedma F$U ¡mmo{I_
na H$moB© ‡mdYmZ Zht {H$`m J`m h°.
5. S>oardo{Q>Ïg :
5.1 ~¢H$ So>ardo{Q>Ïg gß{dXmE± O°go {dXoer {d{Z_` {dH$În, „`m¡m Xa
{d{Z_`, _w–m {d{Z_`, naÒna _w–m „`m¡m Xa {d{Z_`, dm`Xm Xa H$ama
{ZÓnm{XV H$aVm h° Vm{H$ VwbZ nà H$s / VwbZ nà BVa AmpÒV`m| Am°a
Xo`VmAm| go ~Mmd {H$`m Om gHo$ `m BZH$m H´$`-{dH´$` {H$`m Om gHo$.
VwbZ nà H$s AmpÒV`m| Am°a Xo`mVmAm| go ~Mmd Ho$ {bE {ZÓnm{XV
{d{Z_` gß{dXmE± Bg ‡H$ma V°`ma H$s OmVr h¢ {H$ VwbZnà H$s AßV{Z©{hV
_Xm| H$m ‡^md ‡{VHy$b Am°a ‡{V gßVwbZH$mar hmo. BZ S>oardo{Q>d {bIVm|
H$m ‡^md AßV{Z©{hV AmpÒV`m| Ho$ H´$`-{dH´$` na {Z^©a H$aVm h° Am°a
Bgo ‡{Vajm boImH$aU {g‹XmßVm| Ho$ AZwgma boIo _| {b`m OmVm h°.
5.2 g^r So>ardo{Q>d {bIVm| H$mo VwbZnà _| AmpÒV`m| `m Xo`VmAm| Ho$ Í$n _|
em{_b {H$`m J`m h° Am°a BZH$r ~mOma Ho$ ~hr _yÎ` Ho$ AZwgma JUZm
H$s JB© h°.
5.3 ‡{Vajm gß{dXmAm| Ho$ Í$n _| dJuH•$V S>oardo{Q>d gß{dXmAm| H$mo ‡moX≤^dZ
AmYma na Aß{H$V {H$`m J`m h°. ‡{Vajm gß{dXmAmoß H$s JUZm V~
VH$ ~mOma Ho$ ~hr _yÎ` Ho$ AZwgma Zht H$s OmVr O~VH$ {H$
AßV{Z©{hV AmpÒV`m±/Xo`VmE± ~mOma Ho$ ~hr _yÎ` Ho$ AZwgma {M{ïV
Z {H$`m J`m h°.
5.4 {gdm Cn`w©äV Ho$, g^r A›` S>oardo{Q>d gß{dXmE± C⁄moJ _| ‡M{bV
gm_m›`V`m _m›` boImH$aU {g‹XmßVm| Ho$ AZwgma ~mμOma Ho$ ~hr _yÎ`
Ho$ AZwgma Aß{H$V H$s JB© h¢. ~mOma Ho$ ~hr _yÎ` Ho$ AZwgma {M{ïV
S>oardo{Q>d gß{dXmAm| Ho$ gß~ßY _oß ~mOma _yÎ` _| n[adV©Z, n[adV©Z H$s
Ad{Y _| bm^ Am°a hm{Z ImVo _| em{_b {H$E JE h¢.
5.5 gßXŒm `m ‡mflV Am∞fleZ ‡r{_`_ Am∞fleZ H$s Ad{Y H$s g_mpflV na
bm^ Am°a hm{Z ImVo _| Aß{H$V {H$`m J`m h°.
6. AMb AmpÒV`m± Am°a _yÎ`h≤amg :
6.1 AMb AmpÒV`m| H$m gß{MV _yÎ`h≤amg go H$_ bmJV na AßH$Z {H$`m
J`m h°.
6.2 bmJV _| H´$` bmJV VWm g_ÒV Ï``, ¡m°go {H$ ÒWmZ H$s V°`mar,
gßÒWmnZ bmJV Am°a AmpÒV na CgH$m Cn`moJ H$aZo go nyd© dhZ H$s JB©
\$sg em{_b h¢. Cn`moJ H$s JB© AmpÒV`m| na dhZ {H$E JE AZwdVu
Ï`` H$mo Ho$db V^r nyß¡mrH•$V {H$`m J`m h°, ¡m~ `o Ï`` BZ AmpÒV`m|
go hmoZo dmbo ^mdr bm^ H$mo/BZ AmpÒV`m| H$s Ï`mdhm[aH$ j_Vm H$mo
~ãT>mVo h°.
6.3 Am`H$a {Z`_ 1962 Ho$ AßVJ©V {ZYm©[aV Xam| H$s h≤am{gV _yÎ` n’{V
na ‡~ßYZ ¤mam C{MV g_Po JE _yÎ`h≤amg H$m ‡mdYmZ {H$`m J`m h°.
108
C108 K108
3.11 In addition to the specific provision on NPAs, general
provisions are also made for standard assets as per
the extant guidelines prescribed by the RBI. The
provisions on standard assets are not reckoned for
arriving at net NPAs. These provisions are reflected
in Schedule 5 of the balance sheet under the head
“Other Liabilities & Provisions – Others.”
4. Provision for Country Exposure
In addition to the specific provisions held according to
the asset classification status, provisions are held for
individual country exposures (other than the home
country). Countries are categorised into seven risk
categories, namely, insignificant, low, moderate, high,
very high, restricted and off-credit, and provisioning
made as per extant RBI guidelines. If the country exposure
(net) of the bank in respect of each country does not
exceed 1% of the total funded assets, no provision is
maintained on such country exposures.
5. Derivatives :
5.1 The Bank enters into derivative contracts, such as
foreign currency options, interest rate swaps,
currency swaps, and cross currency interest rate
swaps and forward rate agreements in order to hedge
on-balance sheet/off-balance sheet assets and
liabilities or for trading purposes. The swap contracts
entered to hedge on-balance sheet assets and
liabilities are structured in such a way that they bear
an opposite and offsetting impact with the
underlying on-balance sheet items. The impact of
such derivative instruments is correlated with the
movement of the underlying assets and accounted
in accordance with the principles of hedge
accounting.
5.2 All derivative instruments are recognised as assets
or liabilities in the balance sheet and measured at
marked to market.
5.3 Derivative contracts classified as hedge are recorded
on accrual basis. Hedge contracts are not marked to
market unless the underlying Assets / Liabilities are
also marked to market.
5.4 Except as mentioned above, all other derivative
contracts are marked to market as per the generally
accepted practices prevalent in the industry. In
respect of derivative contracts that are marked to
market, changes in the market value are recognised
in the profit and loss account in the period of change.
5.5 Option premium paid or received is recorded in
profit and loss account at the expiry of the option.
6. Fixed Assets and Depreciation
6.1 Fixed assets are carried at cost less accumulated
depreciation.
6.2 Cost includes cost of purchase and all expenditure
such as site preparation, installation costs and
professional fees incurred on the asset before it is
put to use. Subsequent expenditure incurred on
assets put to use is capitalised only when it increases
the future benefits from such assets or their
functioning capability.
6.3 Depreciation is provided on the written down value
method at the rates prescribed under the Income Tax
Rules 1962, which are considered appropriate by the
management. The rates of depreciation and method
 Bg Xoer n[aMmbZ Ho$ gß~ßY _| _yÎ`h≤amg H$s Xa| Am°a _yÎ`h≤amg ‡^m[aV of charging depreciation in respect of domestic
operations are as under :
H$aZo H$s n’{V H$m {ddaU {ZÂZmZwgma h° :
H´$_ AMb AmpÒV`m| _yÎ`h≤amg ‡^m[aV _yÎ`h≤amg/ Sr. Description of Method of Depreciation/
No. fixed assets charging amortisation
gß. H$m {ddaU H$aZo H$s n’{V n[aemoYZ Xa depreciation rate
1 Hß$fl`yQ>a grYr H$Q>m°Vr ‡Umbr 33.33% ‡{V df© 1 Computers Straight Line 33.33% every
2 hmS>©do`a Ho$ h≤am{gV _yÎ` 60% Method year
A{^fi AßJ Ho$ n’{V 2 Computer Written Down 60%
Í$n _| em{_b software Value Method
forming an
Hß$fl`yQ>a gm∞‚Q>do`a integral part
3 hmS>©do`a Ho$ grYr H$Q>m°Vr A{^J´hU df© of hardware
A{^fi AßJ Ho$ ‡Umbr _| 100% 3 Computer Straight Line 100%, in the
Software which Method year of
Í$n _| Z em{_b does not form acquisition
Hß$fl`yQ>a gm∞‚Q>do`a an integral part
4 31 _mM© 2001 grYr H$Q>m°Vr Hß$nZr A{Y{Z`_ of hardware
VH$ {dŒmr` nQ≤>Q>o na ‡Umbr 1956 Ho$ AYrZ 4 Assets given on Straight Line At the rate
financial lease Method prescribed
Xr JB© AmpÒV`m± {ZYm©[aV Xa na upto 31st March under
5 A›` AMb h≤am{gV _yÎ` Am`H$a {Z`_ 2001 Companies
AmpÒV`m± n’{V 1962 Ho$ AYrZ Act 1956
{ZYm©[aV Xa na 5 Other fixed Written down At the rate
assets value method prescribed
6 .4 df© Ho$ Xm°amZ Xoer n[aMmbZm| go ‡m· AmpÒV`m| Ho$ gß~ßY _| _yÎ`h≤amg under Income-
182 {XZm| VH$ ‡`wäV AmpÒV`m| na A’©df© Ho$ {bE VWm 182 {XZm| go tax Rules 1962
A{YH$ ‡`wäV AmpÒV`m| na nyao df© Ho$ {bE ‡^m[aV {H$`m J`m h°, ¡m~{H$ 6.4 In respect of assets acquired for domestic operations
Hß$fl`yQ>am| Am°a gm‚Q>do`a na _yÎ`h≤amg - Bg AmpÒV H$m Cn`moJ H$aZo H$s during the year, depreciation is charged for half an
year in respect of assets used for upto 182 days and
Ad{Y go {Zanoj nyao df© Ho$ {bE ‡^m[aV {H$`m J`m h°.
for the full year in respect of assets used for more
6 .5 Eogr _X| {¡mZ_| go ‡À`oH$ H$m _yÎ` È.1000/- go H$_ hmo C›h| H´$` df© _| than 182 days, except depreciation on computers
hr ~Q≤>Q>o ImVo _| S>mb {X`m J`m h°. and software, which is charged for the full year
irrespective of the period for which the asset was
6 .6 nQ≤>Q>mH•$V n[agam| go gÂ~’ nQ≤>Q>m ‡r{_`_, `{X hmo Vmo, H$mo nQ≤>Q>m Ad{Y put to use.
na n[aemo{YV {H$`m J`m h° Am°a nQ≤>Q>m {H$am`o H$mo Cgr df© ‡^m[aV {H$`m 6.5 Items costing less than Rs. 1,000 each are charged
J`m h°. off in the year of purchase.
6 .7 ~¢H$ ¤mam 31 _mM© 2001, H$mo `m Cggo nyd© nQ≤>Q>o na Xr JB© AmpÒV`m| Ho$ 6.6 In respect of leasehold premises, the lease premium,
if any, is amortised over the period of lease and the
gß~ßY _| n≈>o na Xr JB© AmpÒV`m| Ho$ _yÎ` H$mo nQ≤>Q>mH•$V AmpÒV`m| Ho$ Í$n lease rent is charged in the respective year.
_| AMb AmpÒV`m| Ho$ AßVJ©V Xem©`m J`m h° Am°a dm{f©H$ nQ≤>Q>m ewÎH$ 6.7 In respect of assets given on lease by the Bank on or
(nyß¡mr-dgybr) Edß _yÎ`h≤amg Ho$ AßVa H$mo nQ≤>Q>m g_mZrH$aU boIo _| before 31st March 2001, the value of the assets given
{b`m J`m h°. on lease is disclosed as Leased Assets under fixed
assets, and the difference between the annual lease
6 .8 {dXoe pÒWV H$m`m©b`m| _| Ym[aV AMb AmpÒV`m| na _yÎ`h≤amg H$m charge (capital recovery) and the depreciation is
‡mdYmZ gß~ß{YV Xoem| Ho$ ÒWmZr` {d{Z`_m|/_mZXßS>m| Ho$ AZwgma {H$`m taken to Lease Equalisation Account.
J`m h°. 6.8 In respect of fixed assets held at foreign offices,
depreciation is provided as per the regulations /
7. nQ≤>Q>o norms of the respective countries.
7.1 ~¢H$ ¤mam 01 A‡°b 2001 H$mo `m CgHo$ nÌMmV≤ {dŒmr` nQ≤>Q>o na Xr JB©
7. Leases
AmpÒV`m± boIm _mZH$ 19 Ho$ AZwgma boIo _| br JB© h¢. `o AmpÒV`m± A›`
7.1 Assets given on financial lease by the Bank on or
AmpÒV`m| Ho$ A›VJ©V em{_b H$s JB© h¢. after 1st April 2001 are accounted as per Accounting
7.2 AmpÒV dJuH$aU Am°a A{J´_m| Ho$ {bE bmJy ‡mdYmZrH$aU _mZXßS>m| H$m Standard 19. Such assets are included under Other
CnamoäV AZw¿No>X 3 _| {XE JE {Xem-{ZX}em| Ho$ AZwgma BZ {dŒmr` nQ≤>Q>mo Assets.
_| ‡`moJ {H$`m J`m h°. 7.2 The asset classification and provisioning norms
applicable to advances, as laid down in Para 3 above,
8. AmpÒV`m| H$s Angm_m›`Vm are applied to such financial leases.
¡m~ H$^r KQ>ZmE± AWdm pÒW{V`m| _| n[adV©Z `h gßHo$V XoVo h¢ {H$ {H$gr AmpÒV 8. Impairment of Assets
H$s AJ´mZrV am{e H$s dgybr gß{XΩY h° Vmo Eogr pÒW{V _| AMb AmpÒV`m| H$s Fixed Assets are reviewed for impairment whenever
Angm_m›`Vm hoVw g_rjm H$s ¡mmVr h°. Ym[aV Am°a ‡`moJ H$s ¡mmZo dmbr AmpÒV events or changes in circumstances warrant that the
H$s dgybr hmo nmEJr `m Zht Bgo _mnZo Ho$ {bE AmpÒV Ho$ AJ´mZrV _yÎ` H$s carrying amount of an asset may not be recoverable.
Recoverability of assets to be held and used is measured
VwbZm AmpÒV ¤mam Ano{jV ^{dÓ`JV {Zdb ~Q≤>Q>mH•$V ZH$Xr ‡dmh go VwbZm by a comparison of the carrying amount of an asset to

109

C109 K109
 H$aHo$ kmV H$s ¡mmVr h°. `{X Eogr AmpÒV`m| H$mo Angm_m›`Vm Ho$ `moΩ` nm`m
¡mmVm h° Vmo Angm_m›`Vm H$m _mn-A{^kmZ Cg A{YH$ am{e Ho$ AmYma na
{H$`m ¡mmVm h° ¡mmo AmpÒV Ho$ AJ´mZrV _yÎ` Am°a CgHo$ C{MV _yÎ` Ho$ ~rM H$m
AßVa h°.
9. {dXoer _w–m {d{Z_` Xa _| CVma-MãT>md H$m ‡^md
9.1 {dXoer _w–m boZ-XoZ
i. {dXoer _w–m boZ-XoZ H$mo boZ-XoZ H$s {V{W H$mo gy{MV _w–m Edß
{dXoer _w–m Ho$ ~rM {d{Z_` Xa H$s {dXoer _w–m am{e Ho$ ‡`moJ
¤mam gy{MV _w–m _| ‡maß{^H$ {ZYm©aU na X¡m© {H$`m J`m h°.
ii. {dXoer _w–m _m°{–H$ _Xm| H$s gyMZm ^maVr` {dXoer _w–m Ï`mnmar
gßK (\o$S>B©) H$s Aß{V_ VÀH$mb Xam| Ho$ ‡`moJ go H$s JB© h°.
iii. {dXoer _w–m J°a _m°{–H$ _Xm|, ¡mmo Ad{YJV bmJV Ho$ AmYma na
br JB© h¢, H$s gyMZm boZ-XoZ H$s {V{W H$mo ‡M{bV _w–m {d{Z_`
Xa Ho$ ‡`moJ go H$s JB© h°.
iv. {dXoer _w–m _| _yÎ`mß{H$V AmH$pÒ_H$ Xo`VmAm| H$s gyMZm \o$S>B© H$s
Aß{V_ VÀH$mb Xa Ho$ ‡`moJ go H$s JB© h°.
v. Ï`dgm` Ho$ {bE aIr JB© ~H$m`m VÀH$mb {dXoer _w–m {d{Z_`
VWm dm`Xm gß{dXmAm| H$mo BZH$s {ZYm©[aV n[anädVm Ho$ {bE \o$S>B©
¤mam A{Ygy{MV _w–m {d{Z_` Xam| na nwZ_y©Î`mß{H$V {H$`m J`m h°
Am°a n[aUm_r bm^ `m hm{Z H$mo bm^ Am°a hm{Z ImVo _| em{_b
{H$`m J`m h°.
vi. {dXoer _w–m dm`Xm gß{dXmAm|, ¡mmo Ï`dgm` Ho$ {bE Ano{jV Zht
h¢ Am°a VwbZnà H$s {V{W H$mo ~H$m`m h¢, H$m Aß{V_ VÀH$mb Xa na
_yÀ`mßH$Z {H$`m J`m h°. Eogr dm`Xm {d{Z_` gß{dXm Ho$ ‡maß^ go
CX≤^yV ‡r{_`_ `m ~Q≤>Q>o H$mo gß{dXm H$s n[anädVm Ad{Y Ho$ Ï``
`m Am` Ho$ Í$n _| n[aemo{YV {H$`m J`m h°.
vii. _m°{–H$ _Xm| Ho$ {ZYm©aU go CX≤^yV {d{Z_` AßVa am{e`m| H$mo CZ
Xam|, ¡mmo Xaoß Amaß^ go X¡m© H$s JB© Wt, go {^fi Xam| na Cg Ad{Y,
{¡mg_| `o Xa| CX≤^yV h˛B© h¢, Ho$ Am` `m Ï`` Ho$ Èn _| {ZYm©[aV {H$`m
J`m h°.
9.2 {dXoer n[aMmbZ
~¢H$ H$s {dXoe pÒWV emImAm| Am°a g_w–nmar` ~¢qH$J BH$mB`m| H$mo Ag_mH${bV
n[aMmbZm| Ho$ Í$n _| dJuH•$V {H$`m J`m h° Am°a ‡{V{Z{Y H$m`m©b`m| H$mo g_mH${bV
n[aMmbZm| Ho$ Í$n _| dJuH•$V {H$`m J`m h°.
H$. Ag_mH${bV n[aMmbZ :
i. Ag_mH${bV {dXoer n[aMmbZm| H$s XmoZm| _m°{–H$ Am°a J°a-_m°{–H$
{dXoer _w–m AmpÒV`m| Edß Xo`VmAm| VWm AmH$pÒ_H$ Xo`VmAm| H$mo
VwbZnà {V{W H$mo \o$S>B© ¤mam A{Ygy{MV Aß{V_ {d{Z_` Xam| na
Í$nmßV[aV {H$`m J`m h°.
ii. Ag_mH${bV {dXoer n[aMmbZm| Ho$ Am` Edß Ï`` H$mo {V_mhr Am°gV
H$s Aß{V_ Xa na Í$nmßV[aV {H$`m J`m h°.
iii. {Zdb {d{ZYmZ Ho$ {ZnQ>mZ hmoZo VH$ Ag_mH${bV {dXoer
n[aMmbZm| go CX≤^yV {d{Z_` AßVa-am{e`m| H$m gßM`Z {dXoer
_w–m Í$nmßVaU Ama{j{V _| {H$`m J`m h°.
I. g_mH${bV n[aMmbZ :
i. {dXoer _w–m boZ-XoZ H$mo boZ-XoZ H$s {V{W H$s gy{MV _w–m Am°a
{dXoer _w–m _| {d{Z_` Xa na {dXoer _w–m am{e Ho$ ‡`moJ ¤mam
gy{MV _w–m _| Amaß{^H$ A{^kmZ na X¡m© {H$`m J`m h°.
110
C110 K110
future net discounted cash flows expected to be generated
by the asset. If such assets are considered to be impaired,
the impairment to be recognised is measured by the
amount by which the carrying amount of the asset
exceeds the fair value of the asset.
9. Effect of changes in the foreign exchange rate
9.1 Foreign Currency Transactions
i. Foreign currency transactions are recorded on
initial recognition in the reporting currency by
applying to the foreign currency amount the
exchange rate between the reporting currency and
the foreign currency on the date of transaction.
ii. Foreign currency monetary items are reported
using the Foreign Exchange Dealers Association
of India (FEDAI) closing spot rates.
iii. Foreign currency non-monetary items, which
are carried in terms at historical cost, are
reported using the exchange rate at the date of
the transaction.
iv. Contingent liabilities denominated in foreign
currency are reported using the FEDAI closing
spot rates.
v. Outstanding foreign exchange spot and forward
contracts held for trading are revalued at the
exchange rates notified by FEDAI for specified
maturities, and the resulting profit or loss is
included in the Profit or Loss account.
vi. Foreign exchange forward contracts which are
not intended for trading and are outstanding at
the balance sheet date, are valued at the closing
spot rate. The premium or discount arising at
the inception of such a forward exchange
contract is amortised as expense or income over
the life of the contract.
vii. Exchange differences arising on the settlement
of monetary items at rates different from those
at which they were initially recorded are
recognised as income or as expense in the
period in which they arise.
9.2 Foreign Operations
Foreign Branches of the Bank and Offshore Banking Units
have been classified as Non-integral Operations and
Representative Offices have been classified as Integral
Operations.
a. Non-integral Operations:
i. Both monetary and non-monetary foreign
currency assets and liabilities including
contingent liabilities of non-integral foreign
operations are translated at closing exchange
rates notified by FEDAI at the balance sheet date.
ii. Income and expenditure of non-integral foreign
operations are translated at quarterly average
closing rates.
iii. Exchange differences arising on net investment
in non-integral foreign operations are
accumulated in Foreign Currency Translation
Reserve until the disposal of the net investment.
b. Integral Operations:
i. Foreign currency transactions are recorded on
initial recognition in the reporting currency by
applying to the foreign currency amount the
 ii. g_mH${bV {dXo e r n[aMmbZm| H$s _m° { –H$ {dXo e r _w – m
AmpÒV`m| Am°a Xo`VmAm| H$mo VwbZnà H$s {V{W H$mo \o$S>B© ¤mam
A{Ygy{MV Aß{V_ {d{Z_` Xam| na Í$nmßV[aV {H$`m J`m h°
Am°a n[aUm_r bm^/hm{Z H$mo bm^ Am°a hm{Z ImVo _| em{_b
{H$`m J`m h°.
iii. Ad{YJV bmJV Ho$ AZwÍ$n AJ´mZrV {dXoer _w–m J°a-_m°{–H$
_Xm| H$s gyMZm boZXoZ H$s {V{W H$mo ‡M{bV {d{Z_` Xa Ho$ ‡`moJ
go H$s JB© h°.
10. H$_©Mmar {hVbm^ :
10.1 AÎnmd{Y H$_©Mmar {hVbm^ :
AÎnmd{Y H$_©Mmar {hVbm^ `Wm {M{H$Àgm {hVbm^, AmH$pÒ_H$
AdH$me Am{X H$s ~Q≤>Q>ma{hV am{e H$mo, {¡mgH$mo H$_©Mm[a`m| ¤mam ‡XŒm
godm Ho$ {d{Z_` _| ‡XmZ {H$`m ¡mmZm Ano{jV h°, H$_©Mm[a`m| ¤mam ‡XŒm
godm Ad{Y Ho$ Xm°amZ em{_b {H$`m J`m h°.
10.2 Zm°H$ar CnamßV {hVbm^ :
i. {Z`V {hVbm^ `mo¡mZm
H$. ~¢H$ EH$ ^{dÓ` {Z{Y `mo¡mZm H$m n[aMmbZ H$aVm h°, ~¢H$
H$s ^{dÓ` {Z{Y `mo¡mZm Ho$ AßVJ©V g^r nmà H$_©Mmar `h
{hVbm^ ‡mflV H$aZo Ho$ hH$Xma h¢. ~¢H$ {ZYm©[aV Xa na
(dV©_mZ g_` _| H$_©Mm[a`m| Ho$ _yb doVZ Edß nmÃ-^Œmo
H$m 10%) _m{gH$ AßeXmZ H$aVm h°. BZ AßeXmZ H$mo,
Bg C‘oÌ` Ho$ {bE ÒWm{nV ›`mg _| {d‡o{fV H$a {X`m J`m
h° VWm bm^ Am°a hm{Z ImVo _| ‡^m[aV {H$`m J`m h°.
›`mg-{Z{Y`m| H$mo ~¢H$ _| ¡m_mam{e Ho$ Í$n _| Ym[aV {H$`m
J`m h°. ~¢H$, dm{f©H$ AßeXmZ Am°a ~¢H$ ¤mam Ym[aV
¡m_mam{e`m| na „`m¡m XoZo Ho$ {bE {d{YH$ Í$n go CŒmaXm`r
hmoVm h°. `h „`m¡m - Xa gaH$mar H$_©Mm[a`m| H$s ^{dÓ`
{Z{Y H$s ~H$m`m am{e`m| na Xo` {Z{X©Ô> ›`yZV_ „`m¡m Xa
Ho$ ~am~a hmoVr h°. ~¢H$ - Bg ‡H$ma Ho$ dm{f©H$ AßeXmZm|
Am°a Cg na „`m¡m H$mo gß~ß{YV df© Ho$ gßX^© _| Ï``
_mZVm h°.
I. ~¢H$, J´¿o `wQ>r, n|eZ ¡m°gr {Z`V {hVbm^ `mo¡mZmE± n[aMm{bV
H$aVm h°.
J. ~¢H$ g^r nmà H$_©Mm[a`m| H$mo J´o¿`wQ>r ‡XmZ H$aVm h°. `h
{hVbm^ H$_©Mm[a`m| H$mo CZH$s godm{Zd•{Œm, Zm°H$ar Ho$ Xm°amZ
_•À`w hmo ¡mmZo AWdm Zm°H$ar H$s g_m{flV na EH$_wÌV am{e
Ho$ ^wJVmZ Ho$ Í$n _| ‡XmZ {H$`m ¡mmVm h°. `h am{e ~¢H$
H$s godm Ho$ ‡À`oH$ nyU© df© Ho$ {bE Xo` 15 {XZm| Ho$
_ybdoVZ Ho$ g_VwÎ` am{e `m 3,50,000 - H$s A{YH$V_
am{e hmoVr h°. `h {hVbm^ godm Ho$ nmßM df© nyao hmoZo na hr
‡mflV hmoVm h°. ~¢H$ Bg am{e H$m dm{f©H$ AßeXmZ ÒdVßÃ
~m¯ dmÒV{dH$ _yÎ`Z Ho$ AmYma na ›`m{g`m| ¤mam {Z`ß{ÃV
{Z{Y _| H$aVm h°.
K. ~¢H$ g^r nmà H$_©Mm[a`m| H$mo n|eZ ‡XmZ H$aVm h°. `h
{hVbm^ {Z`_mZwgma _m{gH$ ^wJVmZ Ho$ Èn _| ‡XmZ {H$`m
¡mmVm h° Am°a n|eZ H$m `h {Z`{_b ^wJVmZ H$_©Mm[a`m|
H$mo CZH$s godm{Zd•{Œm, Zm°H$ar Ho$ Xm°amZ _•À`w hmoZo `m Zm°H$ar
H$s g_m{flV na {H$`m ¡mmVm h°. `h {hVbm^ {Z`_mZwgma
111
C111 K111
exchange rate between the reporting currency
and the foreign currency on the date of
transaction.
ii. Monetary foreign currency assets and liabilities
of integral foreign operations are translated at
closing exchange rates notified by FEDAI at the
balance sheet date and the resulting profit/loss
is included in the profit and loss account.
iii. Foreign currency non-monetary items which are
carried in terms of historical cost are reported
using the exchange rate at the date of the
transaction.
10. Employee Benefits:
10.1 Short Term Employee Benefits:
The undiscounted amount of short-term employee
benefits, such as medical benefits, casual leave etc.
which are expected to be paid in exchange for the
services rendered by employees are recognised
during the period when the employee renders the
service.
10.2 Post Employment Benefits:
i. Defined Benefit Plan
a. The Bank operates a Provident Fund
scheme. All eligible employees are entitled
to receive benefits under the Bank’s
Provident Fund scheme. The Bank
contributes monthly at a determined rate
(currently 10% of employee’s basic pay
plus eligible allowance). These
contributions are remitted to a trust
established for this purpose and are
charged to Profit and Loss Account. The
trust funds are retained as deposits in the
bank. The bank is liable for annual
contributions and interest on deposits held
by the bank, which is payable at
Government specified minimum rate of
interest on provident fund balances of
Government Employees. The bank
recognises such annual contributions and
interest as an expense in the year to which
they relate.
b. The bank operates gratuity and pension
schemes which are defined benefit plans.
c. The Bank provides for gratuity to all
eligible employees. The benefit is in the
form of lump sum payments to vested
employees on retirement, on death while
in employment, or on termination of
employment, for an amount equivalent to
15 days basic salary payable for each
completed year of service, subject to a
maximum amount of Rs. 350,000. Vesting
occurs upon completion of five years of
service. The Bank makes annual
contributions to a fund administered by
trustees based on an independent external
actuarial valuation carried out annually.
d. The Bank provides for pension to all
eligible employees. The benefit is in the
form of monthly payments as per rules and
regular payments to vested employees on
 {d{^fi MaUm| _| ‡mflV hmoVm h°. ~¢H$ Bg am{e H$m dm{f©H$ retirement, on death while in employment,
or on termination of employment. Vesting
AßeXmZ ÒdVßà ~m¯ dmÒV{dH$ _yÎ`Z Ho$ AmYma na occurs at different stages as per rules. The
›`m{g`m| ¤mam {Z`ß{ÃV {Z{Y _| H$aVm h°. Bank makes annual contributions to funds
administered by trustees based on an
L> {Z`V {hVbm^-‡mdYmZ - bmJV H$mo ‡À`oH$ VwbZnà H$s independent external actuarial valuation
{V{W na AJ´ m ZrV dmÒV{dH$ _y Î `Z Ho $ AmYma na carried out annually.
AZw_m{ZV `y{ZQ> F$U n’{V Ho$ ‡`moJ go {ZYm©[aV {H$`m e. The cost of providing defined benefits is
J`m h°. dmÒV{dH$ bm^/hm{Z H$mo bm^ Am°a hm{Z {ddaU determined using the projected unit credit
method, with actuarial valuations being
_| Vwa›V em{_b H$a {X`m J`m h° Am°a C›h| AmÒW{JV Zht carried out at each balance sheet date.
{H$`m J`m h°. Actuarial gains/losses are immediately
recognised in the statement of profit and
ii. H$_©Mm[a`m| Ho$ A›` XrKm©d{Y {hVbm^ : loss and are not deferred.
H$. ~¢H$ H$m ‡À`oH$ H$_©Mmar ‡{Vny[aV AZwnpÒW{V, a¡mV ¡m`ßVr ii. Other Long Term Employee benefits:
gÂ_mZ Am°a AdH$me `mÃm - [a`m`V, godm{Zd•{Œm bm^ a. All eligible employees of the bank are
Am°a nwZdm©gZ ^Œmo H$m nmà hmoVm h°. Bg ‡H$ma H$s XrKm©d{Y eligible for compensated absences, silver
H$_©Mmar {hVbm^ H$s bmJV H$m {dŒmnmofU ~¢H$ ¤mam AmßV[aH$ jubilee award, leave travel concession,
retirement award and resettlement
ÒVa na {H$`m J`m h°. allowance. The costs of such long term
I. A›` XrKm©d{Y Ho$ {hVbm^ Ho$ ‡mdYmZ H$s bmJV H$m employee benefits are internally funded by
the Bank.
{ZYm©aU ‡À`oH$ VwbZnà H$s {V{W H$mo dmÒV{dH$ _yÎ`Z
b. The cost of providing other long term
H$s AZw_m{ZV `y{ZQ> F$U n’{V Ho$ ‡`moJ go {H$`m J`m benefits is determined using the projected
h°. nyd©dVu godm bmJV H$mo bm^ Am°a hm{Z {ddaU _| unit credit method with actuarial
Vwa›V em{_b H$a {X`m J`m h° Am°a C›h| AmÒW{JV Zht valuations being carried out at each
balance sheet date. Past service cost is
{H$`m J`m h°. immediately recognised in the statement
of profit and loss and is not deferred.
11. H$a {ZYm©aU Ho$ {bE ‡mdYmZ :
11. Provision for Taxation
11.1 dV©_mZ H$a, AmÒW{JV H$a VWm AZwfßJr bm^-H$a ‡^ma H$s Hw$b am{e 11.1 Income tax expense is the aggregate amount of
Am` H$a Ï`` h°. Mmby df© Ho$ H$am| H$m {ZYm©aU boIm _mZH$ 22 Am°a current tax, deferred tax and fringe benefit tax
^maV _| ‡M{bV H$a {Z`_m| Ho$ AZwgma {dXoe pÒWV H$m`m©b`m| Ho$ charge. Current year taxes are determined in
accordance with the provisions of Accounting
gß~{ß YV Xoem| Ho$ H$a {Z`_m| H$m g_m`mo¡mZ H$aHo$ {H$`m J`m h°. AmÒW{JV Standard 22 and tax laws prevailing in India after
H$a AmpÒV`m| `m Xo`VmAm| _| Cg Ad{Y Ho$ Xm°amZ h˛E CVma-MãT>md taking into account taxes of foreign offices, which
AmÒW{JV H$a g_m`mo¡mZ _| g_m{dÔ> h¢. are based on the tax laws of respective jurisdiction.
Deferred tax adjustments comprise of changes in the
11.2 AmÒW{JV H$a - AmpÒV`m| Am°a Xo`VmAm| H$m AmH$bZ A{Y{Z`{_V deferred tax assets or liabilities during the period.
H$a - Xam| Am°a H$a - H$mZyZm| AWdm VwbZnà - {V{W Ho$ H$m\$s nyd© 11.2 Deferred tax assets and liabilities are measured using
tax rates and tax laws that have been enacted or
A{Y{Z`{_V Xam| Am°a H$mZyZ Ho$ AmYma na {H$`m J`m h°. AmÒW{JV
substantially enacted prior to the balance sheet date.
H$a AmpÒV`m| Am°a Xo`VmAm| H$m A{^kmZ {ddoH$nyU© AmYma na-AmpÒV`m| Deferred tax assets and liabilities are recognised on
Am°a Xo`VmAm| Ho$ AJ´mZrV _yÎ` Am°a CZHo$ H´$_e: H$a-AmYma Am°a a prudent basis for the future tax consequences of
AJ´mZrV j{V`m| Ho$ ~rM Ad{YJV {d^oX H$mo ‹`mZ _| aIH$a {H$`m timing differences arising between the carrying
values of assets and liabilities and their respective
J`m h°. AmÒW{JV H$a AmpÒV`m| Am°a Xo`VmAm| _| h˛E n[adV©Z H$m tax basis, and carry forward losses. The impact of
‡^md bm^ Am°a hm{Z ImVo _| ‡H$Q> {H$`m J`m h°. changes in the deferred tax assets and liabilities is
recognised in the profit and loss account.
11.3 AmÒW{JV H$a AmpÒV`m| H$mo, dgybr H$s {ZpÌMVVm hmoZo Ho$ ‡~ßYZ Ho$ 11.3 Deferred tax assets are recognised and reassessed at
{ZU©` Ho$ AmYma na, ‡À`oH$ gy{MV {V{W H$mo aoImß{H$V Am°a nwZ{Z©Ym©[aV each reporting date, based upon management’s
{H$`m J`m h°. ¡m~ `h nyU© Í$n go gw{ZpÌMV hmo J`m h° {H$ Eogr judgement as to whether realisation is considered
certain. Deferred tax assets are recognised on carry
AmÒW{JV - H$a - AmpÒV`m| H$s dgybr ^mdr bm^ go H$s ¡mm gH$Vr forward of unabsorbed depreciation and tax losses
h°, V~ AmÒW{JV-H$a - AmpÒV`m| H$m A{^kmZ AZdemo{fV _yÎ`h≤amg only if there is virtual certainty that such deferred
Am°a H$a hm{Z`m| Ho$ AJ´ofU na {H$`m J`m h°. tax assets can be realised against future profits.
12. Earning per Share
12. ‡{V eo`a Am` 12.1 The Bank reports basic and diluted earnings per
12.1 ~¢H$ AmBgrEAmB ¤mam ¡mmar boIm _mZH$ 20 -: ‡{V eo`a Am` Ho$ share in accordance with AS 20 -‘Earnings per Share’
issued by the ICAI. Basic earnings per share is
AZwgma ‡{V eo`a _yb Am°a H$_ h˛B© Am` H$s [anmoQ©> H$aVm h°. ‡{V eo`a computed by dividing the net profit after tax by the
_yb Am` H$s JUZm H$amonamßV {Zdb bm^ H$mo Cg df© Ho$ {bE eof weighted average number of equity shares
B{ädQ>r eo`am| H$s ^m[aV Am°gV gߪ`m go {d^m{OV H$aHo$ H$s ¡mmVr h°. outstanding for the year.

112

C112 K112
 12.2 H$_ H$s h˛B© ‡{V eo`a Am` `h ‡X{e©V H$aVr h° {H$ `{X ‡{V^y{V`m|
AWdm A›` gß{dXmAm| H$mo df© Ho$ Xm°amZ ¡mmar H$aZo `m gßn[ad{V©V H$aZo
H$m {dH$În {b`m J`m Vmo eo`a _yÎ`m| _| {H$VZr H$_r AmEJr. H$_ H$s
h˛B© ‡{V eo`a Am` H$s JUZm B{ädQ>r eo`am| H$s ^m[aV Am°gV gߪ`m
Am°a H$_ gß^mdZm B{ädQ>r eo`am| Ho$ ~rM VwbZm H$aHo$ H$s ¡mmVr h°.
13. ‡mdYmZ, AmH$pÒ_H$ Xo ` VmAm| Am° a AmH$pÒ_H$ AmpÒV`m| H$m
boImH$aU
13.1 ^maVr` gZXr boImH$ma gßÒWmZ Ho$ boIm _mZH$ 29 Ho$ AZwgma ¡mmar
‡mdYmZ, AmH$pÒVH$ Xo`VmE± Am°a AmH$pÒ_H$ AmpÒV`m| _| ~¢H$ {nN>bo
n[aUm_ go CX≤^yV dV©_mZ Xm{`Àd hmoZo na hr ‡mdYmZ em{_b H$aVm h°,
`h gß^d h° {H$ Xm{`Àd Ho$ {ZYm©aU _| Am{W©H$ bm^ H$mo g_m{dÔ> H$aZo
dmbo gßgmYZm| Ho$ d{hJ©_Z H$s AmdÌ`H$Vm nãSo>Jr Am°a V^r Bg Xm{`Àd
am{e H$m {dÌdÒV ‡mäH$bZ {H$`m ¡mm gH$Vm h°.
13.2 {ZÂZ{b{IV Ho$ {bE {H$gr ‡mdYmZ H$m A{^kmZ Zht {H$`m J`m h°
i. {nN>bo n[aUm_ go CX≤^yV {H$gr gÂ^m{dV Xm{`Àd Ho$ {bE Am°a
~¢H$ Ho$ {Z`ßÃU go ~mha hmoZo dmbo EH$ `m A{YH$ A{ZpÌMV
^mdr n[aUm_m| H$s ‡m{flV `m A‡m{flV go {¡mgH$s nw{Ô> H$s ¡mm
gHo$Jr, AWdm
ii. {H$gr dV©_mZ Xm{`Àd Ho$ {bE, ¡mmo {nN>bo n[aUm_m| go CX≤^yV h°,
{H$›Vw Cgo A{^kmZ _| Zht {b`m J`m h°, ä`m|{H$
H$. `h gß^d Zht h° {H$ Xm{`Àd Ho$ {ZYm©aU _| Am{W©H$ bm^m|
H$mo g_m{dÔ> H$aZo dmbo gßgmYZm| H$m d{hJ©_Z AmdÌ`H$
hmoJm, AWdm
I. Xm{`Àd am{e H$m {dÌdÒV ‡mäH$bZ Zht {H$`m ¡mm gH$Vm.
Eogo Xm{`Àdm| H$mo AmH$pÒ_H$ Xo`VmAm| Ho$ Í$n _| X¡m© {H$`m J`m h°. BZ
Xm{`Àdm| H$m {Z`{_V AßVambm| na _yÎ`mßH$Z {H$`m ¡mmVm h° Am°a Eogo Xm{`Àd
Ho$ Ho$db Cg Aße H$m, {¡mgHo$ Am{W©H$ bm^m| H$mo g_m{dÔ> H$aZo dmbo
gßgmYZm| Ho$ d{hJ©_Z H$s gß^mdZm h°, {ZVm›V Xwb©^ n[apÒW{V`m|, {¡mZ_|
H$moB© {dÌdÒV ‡mäH$bZ Zht {H$`m ¡mm gH$Vm h°, Ho$ Abmdm ‡mdYmZ
{H$`m J`m h°.
13.3 AmH$pÒ_H$ AmpÒV`m| H$mo {dŒmr` {ddaUm| _| em{_b Zht {H$`m J`m h°,
ä`m|{H$ Am` Ho$ {ZYm©aU na BgH$m ‡^md nãS> gH$Vm h°, ¡m~{H$ BgH$s
dgybr Zht H$s ¡mm gH$Vr.
14. ZH$Xr Am°a ZH$Xr g_VwÎ`
ZH$Xr Am°a ZH$Xr g_VwÎ` _| hmW ZH$Xr Edß EQ>rE_ _o ZH$Xr VWm Ym[aV ÒdU©,
^maVr` [aμ¡md© ~¢H$ H$s ¡m_mam{e`m±, A›` ~¢H$m| _| ¡m_mam{e`m± VWm _m±J Edß
AÎn gyMZm na ‡mfl` YZam{e em{_b h¢.
15. H$_©Mmar eo`a H´$` `mo¡mZm
^maVr` ‡{V^y{V Am°a EägM|O ~moS©> (go~r) ¤mam ¡mmar H$_©Mmar ÒQ>mH$ {dH$În
`mo¡mZm Am°a H$_©Mmar ÒQ>mH$ H´$` `mo¡mZm {Xem - {ZX}e, 1999 Ho$ AZwgma {¡mg
_yÎ` na eo`a ¡mmar {H$E ¡mmVo h° CgH$s VwbZm _| eo`a ¡mmar {H$E ¡mmZo Ho$ EH$
{XZ nyd© Ho$ _yÎ` _| AßVa H$mo H$_©Mmar ‡{Vny{V© bmJV _mZm J`m h°.
16. eo`a ¡mmar H$aZo H$m Ï``
eo`a ¡mmar H$aZo Ho$ Ï`` H$mo eo`a ‡r{_`_ ImVo _| ‡^m[aV {H$`m J`m h°.
113
C113 K113
12.2 Diluted earnings per share reflect the potential
dilution that could occur if securities or other
contracts to issue equity shares were exercised or
converted during the year. Diluted earnings per share
are computed using the weighted average number
of equity shares and dilutive potential equity shares
outstanding at year end.
13. Accounting for Provisions, Contingent Liabilities and
Contingent Assets
13.1 In conformity with AS 29, “Provisions, Contingent
Liabilities and Contingent Assets”, issued by the
Institute of Chartered Accountants of India, the Bank
recognises provisions only when it has a present
obligation as a result of a past event, it is probable
that an outflow of resources embodying economic
benefits will be required to settle the obligation, and
when a reliable estimate of the amount of the
obligation can be made.
13.2 No provision is recognised for
i. any possible obligation that arises from past
events and the existence of which will be
confirmed only by the occurrence or non-
occurrence of one or more uncertain future
events not wholly within the control of the
Bank; or
ii. any present obligation that arises from past
events but is not recognised because
a. it is not probable that an outflow of
resources embodying economic benefits
will be required to settle the obligation; or
b. a reliable estimate of the amount of
obligation cannot be made.
Such obligations are recorded as Contingent
Liabilities. These are assessed at regular intervals
and only that part of the obligation for which an
outflow of resources embodying economic benefits
is probable, is provided for, except in the extremely
rare circumstances where no reliable estimate can
be made.
13.3 Contingent Assets are not recognised in the financial
statements as this may result in the recognition of
income that may never be realised.
14. Cash and cash equivalents
Cash and cash equivalents include cash on hand and in
ATM’s, and gold in hand, balances with RBI, balances
with other banks, and money at call and short notice.
15. Employee Share Purchase Scheme:
In accordance with the Employee Stock Option Scheme
and Employee Stock Purchase Scheme Guidelines, 1999
issued by the Securities and Exchange Board of India
(SEBI), the excess of market price one day prior to the
date of issue of the shares over the price at which they
are issued is recognised as employee compensation cost.
16. Share Issue Expenses
Share issue expenses are charged to the Share Premium
Account.
‚ã¶ãìÔãîÞããè - 18 Schedule - 18
ÊãñŒãã-ã䛹¹ããä¥ã¾ããú NOTES ON ACCOUNTS
ÀããäÍã ‡ãŠÀãñü¡ Á¹ã¾ããò ½ãò Amount in Rupees in crores
18.1. ¹ãîâ•ããè : 18.1 Capital:
1. ¹ãîâ•ããè ¹ã¾ããù¦ã¦ãã ‚ã¶ãì¹ãã¦ã : 1. Capital Adequacy Ratio:
ºãö‡ãŠ ´ãÀã •ããñãäŒã½ã ¼ãããäÀ¦ã ‚ãããäԦ㠂ã¶ãì¹ãã¦ã (Ôãã膂ããÀ) ‡ãŠãè ¹ãîâ•ããè ‡ãŠã ½ãîʾããâ‡ãŠ¶ã ãäÌã§ããè¾ã ãäÌãÌãÀ¥ã The Capital to Risk-weighted Assets Ratio (CAR) as assessed by the
‚ããõÀ ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ´ãÀã •ããÀãè ãäªÍãã - ãä¶ãªóÍããò ‡ãñŠ ‚ãã£ããÀ ¹ãÀ ãä¶ã½¶ãã¶ãìÔããÀ ãä‡ãŠ¾ãã Øã¾ãã Öõ : Bank on the basis of the financial statements and guidelines issued by
the Reserve Bank of India (RBI) has been computed as below:
‡ãŠ) ºãñÔãÊã -1 ‡ãñŠ ‚ã¶ãìÔããÀ
a) As per BASEL-I:
½ãªò 31 ½ããÞãà 2008 ‡ãŠãè 31 ½ããÞãà 2007 ‡ãŠãè Items As at As at
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ 31-Mar -2008 31-Mar-2007
•ããñãäŒã½ã ¼ãããäÀ¦ã ‚ãããäÔ¦ã Capital to Risk-weighted Assets
‚ã¶ãì¹ãã¦ã ‡ãŠãè ¹ãîâ•ããè - ‡ãìŠÊã 13.47% 12.34% Ratio – Overall 13.47% 12.34%
•ããñãäŒã½ã ¼ãããäÀ¦ã ‚ãããäÔ¦ã Capital to Risk-weighted Assets
‚ã¶ãì¹ãã¦ã ‡ãŠãè ¹ãîâ•ããè - Ñãñ¥ããè - I 9.14% 8.01% Ratio - Tier I 9.14% 8.01%
•ããñãäŒã½ã ¼ãããäÀ¦ã ‚ãããäÔ¦ã Capital to Risk-weighted Assets Ratio -
Tier II 4.33% 4.33%
‚ã¶ãì¹ãã¦ã ‡ãŠãè ¹ãîâ•ããè - Ñãñ¥ããè - II 4.33% 4.33%
b) As per the Revised Guidelines for implementation of the New
Œã) ¶ãƒÃ ¹ãîâ•ããè ¹ã¾ããù¦ã¦ãã ¹ãÀñŒãã (ºãñÔãÊã - II) ‡ãñŠ ‡ãŠã¾ããöÌã¾ã¶ã ‡ãñŠ ãäÊㆠÔãâÍããñãä£ã¦ã ãäªÍãã-ãä¶ãªóÍããò Capital Adequacy Framework (BASEL-II):
‡ãñŠ ‚ã¶ãìÔããÀ : Items As at
½ãªò 31 ½ããÞãà 2008 ‡ãŠãè 31-Mar -2008
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ Capital to Risk-weighted Assets Ratio - Overall 12.64%
•ããñãäŒã½ã ¼ãããäÀ¦ã ‚ãããäԦ㠂ã¶ãì¹ãã¦ã ‡ãŠãè ¹ãîâ•ããè - ‡ãìŠÊã 12.64 Capital to Risk-weighted Assets Ratio - Tier I 8.48%
•ããñãäŒã½ã ¼ãããäÀ¦ã ‚ãããäԦ㠂ã¶ãì¹ãã¦ã ‡ãŠãè ¹ãîâ•ããè - Ñãñ¥ããè - I 8.48 Capital to Risk-weighted Assets Ratio - Tier II 4.16%
•ããñãäŒã½ã ¼ãããäÀ¦ã ‚ãããäԦ㠂ã¶ãì¹ãã¦ã ‡ãŠãè ¹ãîâ•ããè - Ñãñ¥ããè - II 4.16 c) The computation of the CAR as per BASEL II is as compiled by
the management and could not be verified by the auditors in the
Øã) ºãñÔãÊã-II ‡ãñŠ ‚ã¶ãìÔããÀ Ôãã膂ããÀ ‡ãŠãè ¹ããäÀØã¥ã¶ãã ‡ãŠãè ÔãâÌããèàãã - Ôã½ãØãÆ ‚ããâ‡ãŠü¡ãò ‡ãñŠ ‚ã¼ããÌã absence of complete details.
½ãò ¶ãÖãé ‡ãŠãè •ãã Ôã‡ãŠãè ‚ããõÀ ¦ãª¶ãìÔããÀ ƒÔãñ ¹ãƺãâ£ã¶ã ´ãÀã Ôã½ãñãä‡ãŠ¦ã ½ãã¶ã ãäÊã¾ãã Øã¾ãã.
2. Share capital:
2. Íãñ¾ãÀ - ¹ãîâ•ããè :
a) During the year, the RBI had transferred their entire shareholding
‡ãŠ) ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ¶ãñ, ºãö‡ãŠ ½ãò ‚ã¹ã¶ããè 31,43,39,200 Íãñ¾ãÀãò ‡ãŠãè ‡ãìŠÊã of 31,43,39,200 shares in the Bank representing 59.73% of the
Íãñ¾ãÀ£ãããäÀ¦ãã ‡ãŠãñ ¼ããÀ¦ã ÔãÀ‡ãŠãÀ ‡ãŠãñ ‚ãâ¦ããäÀ¦ã ‡ãŠÀ ã䪾ãã. „‡ã‹¦ã Íãñ¾ãÀ ºãö‡ãŠ ‡ãŠãè ãä¶ãØãæ㠹ãîâ•ããè issued capital of the Bank to the Government of India.
‡ãŠã 59.73% ¹ãÆãä¦ããä¶ããä£ã¦Ìã ‡ãŠÀ¦ãñ Öö. b) During the year, the Bank has issued 10,52,59,776 equity shares
Œã) ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ºãö‡ãŠ ¶ãñ Á.10/- ¶ã‡ãŠªãè ½ãîʾ㠇ãñŠ 10,52,59,776 ƒãä‡ã‹Ìã›ãè Íãñ¾ãÀ Á.1580/ of Rs. 10 each for cash at a premium of Rs. 1580 per equity share
- ¹ãÆãä¦ã ƒãä‡ã‹Ìã›ãè Íãñ¾ãÀ ¹ãÆãèãä½ã¾ã½ã ¹ãÀ, Á.1590/- ¹ãÆãä¦ã Íãñ¾ãÀ ‡ãŠãè ªÀ Ôãñ, Á. 16736.30 ‡ãŠÀãñü¡ i.e. at Rs. 1590 per equity share aggregating to Rs. 16736.30 crore
on right basis. Of the above, the Bank has allotted 10,51,71,498
‡ãŠãè ‡ãìŠÊã ÀããäÍã ¹ãÀ ÀホáÔã ‡ãñŠ ¹㠽ãò ãäºã‰ãŠãè ãä‡ãŠ†. „¹ã¾ãìÇ㋦㠽ãò Ôãñ, ºãö‡ãŠ ¶ãñ 10,51,71,498 fully paid equity shares to the eligible applicants, keeping in
¹ãî¥ãà ¹ãƪ§ã ƒãä‡ã‹Ìã›ãè Íãñ¾ãÀãò ‡ãŠã ‚ããºã⛶㠹ãã¨ã ‚ããÌãñª‡ãŠãò ‡ãŠãñ ãä‡ãŠ¾ãã •ãºããä‡ãŠ Á.10/- ½ãîʾ㠇ãñŠ abeyance the allotment of 88,278 equity shares of Rs. 10 each
88,278 ƒãä‡ã‹Ìã›ãè Íãñ¾ãÀãò ‡ãŠãñ Àãñ‡ãñŠ ÀŒãã - ‡ã‹¾ããòãä‡ãŠ ¾ãã ¦ããñ ¾ãñ ãäÌãÌããªØãÆԦ㠩ãñ ‚ã©ãÌãã ¶¾ãããä¾ã‡ãŠ which are subject matter of title disputes or are subjudice.
- ¹ãÆãä‰ãŠ¾ãã ‡ãñŠ ‚ã£ããè¶ã ©ãñ. c) The Government of India has subscribed to 6,28,68,000 equity
Øã) ¼ããÀ¦ã ÔãÀ‡ãŠãÀ ¶ãñ Á.10/- ¹ãÆãä¦ã Íãñ¾ãÀ ‚ããõÀ Á.1580/- ¹ãÆãèãä½ã¾ã½ã ‡ãñŠ 6,28,68,000 ƒãä‡ã‹Ìã›ãè shares of Rs.10 each at a premium of Rs. 1580 per share as part of
Íãñ¾ãÀ - ºãö‡ãŠ ‡ãñŠ ÀホáÔã ¹ãÆÔ¦ããÌã ‡ãñŠ ‚ãâ¦ãØãæ㠂ãâÍãÔÌã¹ã ØãÆÖ¥ã ãä‡ãŠ†. ¼ããÀ¦ã ÔãÀ‡ãŠãÀ ¶ãñ rights offer of the Bank. The Government has discharged the total
‡ãìŠÊã Á.9996.01 ‡ãŠÀãñü¡ ‡ãŠãè ÀããäÍã ‡ãñŠ ¼ãìØã¦ãã¶ã ‡ãñŠ ãäÊㆠ``8.35% †Ôãºããè‚ãムÀホáÔã consideration of Rs. 9996.01 crore by issue of “8.35% SBI Rights
Issue GOI Special Bonds 2024”. Certain restrictions have been
ƒÍ¾ãî - ¼ããÀ¦ã ÔãÀ‡ãŠãÀ Ô¹ãñÍãÊã ºããâ¡ 2024'' ‡ãŠãñ •ããÀãè ãä‡ãŠ¾ãã. ƒ¶ã ºããâ¡ãò ‡ãŠãè ãäÌãû‰ãŠãè placed by the Government on the sale of these bonds.
¹ãÀ ÔãÀ‡ãŠãÀ ´ãÀã ‡ãŠãä¦ã¹ã¾ã ¹ãÆãä¦ãºãâ£ã ÊãØãã¾ãñ Öõ.
d) Expenses in relation to the issue of shares amounting to Rs. 28.70
Üã) Íãñ¾ãÀãò ‡ãŠãñ •ããÀãè ‡ãŠÀ¶ãñ ¹ãÀ Öì† Á.28.70 ‡ãŠÀãñü¡ ‡ãñŠ ̾ã¾ã ‡ãŠãñ ºãö‡ãŠ ¶ãñ Íãñ¾ãÀ ¹ãÆãèãä½ã¾ã½ã †‡ãŠã„¶› crore have been debited to the Share Premium Account.
‡ãñŠ ¶ãã½ãñ ãä‡ãŠ¾ãã Öõ. e) Shareholding of Government of India
e) ¼ããÀ¦ã ÔãÀ‡ãŠãÀ ‡ãŠãè Íãñ¾ãÀ £ãããäÀ¦ãã
No. of shares % Holding
Íãñ¾ãÀãò ‡ãŠãè Ôã⌾ãã £ãããäÀ¦ãã % Current Year Previous Year Current Year Previous Year
ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà 37,72,07,200 Nil 59.73% Nil
37,72,07,200 ãä¶ãÀâ‡ãŠ 59.73% ãä¶ãÀâ‡ãŠ 3. Employee Stock Purchase Scheme
3. ‡ãŠ½ãÃÞããÀãè Ô›ã‡ãŠ ‰ãŠ¾ã ¾ããñ•ã¶ãã a) The Central Board of the Bank has adopted the Employees Share
‡ãŠ) ‡ãòŠ³ãè¾ã ºããñ¡Ã ¶ãñ - ‡ãŠ½ãÃÞããÀãè Íãñ¾ãÀ ‰ãŠ¾ã ¾ããñ•ã¶ãã (¾ããñ•ã¶ãã) ‡ãŠãñ ‚ãâØããè‡ãŠãÀ ãä‡ãŠ¾ãã Öõ. ¾ãÖ ¾ããñ•ã¶ãã Purchase Scheme (the Scheme), duly approved by the Central
Government, and accordingly has approved the offer of 86,17,500
‡ãòŠ³ ÔãÀ‡ãŠãÀ ´ãÀã ¾ã©ãããäÌããä£ã ‚ã¶ãì½ããñã䪦ã Öõ. ¦ãª¶ãìÔããÀ ºãö‡ãŠ ¶ãñ, Á.10/- ¹ãÆãä¦ã ƒãä‡ã‹Ìã›ãè Íãñ¾ãÀ equity shares of Rs. 10 each at a premium of Rs. 1580 as part of its
½ãîʾ㠦ã©ãã Á.1580/- ¹ãÆãèãä½ã¾ã½ã ‡ãñŠ 86,17,500 ƒãä‡ã‹Ìã›ãè Íãñ¾ãÀãò ‡ãŠãñ, ‚ã¹ã¶ããè ÀホáÔã ¾ããñ•ã¶ãã rights issue to the employees of the Bank including the Chairman and
‡ãñŠ ‚ãâ¦ãØãæã, ºãö‡ãŠ ‡ãñŠ ‚㣾ãàã ‚ããõÀ ¹ãƺãâ£ã ãä¶ãªñÍã‡ãŠãò Ôããä֦㠂ã¹ã¶ãñ ‡ãŠ½ãÃÞãããäÀ¾ããò ‡ãñŠ ãäÊㆠ‚ã¶ãì½ããñã䪦ã Managing Directors. The Scheme is in accordance with the provisions
ãä‡ãŠ¾ãã Öõ. ¾ãÖ ¾ããñ•ã¶ãã, ¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã ‚ããõÀ EägM|O ºããñ¡Ã ‡ãñŠ ãäªÍãã-ãä¶ãªóÍã, 1999 of the Securities and Exchange Board of India (Employee Stock Option
(‡ãŠ½ãÃÞããÀãè Ô›ã‡ãŠ ãäÌã‡ãŠÊ¹ã ¾ããñ•ã¶ãã ‚ããõÀ ‡ãŠ½ãÃÞããÀãè Ô›ã‡ãŠ ‰ãŠ¾ã ¾ããñ•ã¶ãã) ‡ãñŠ ¹ãÆãÌã£ãã¶ããò ‡ãñŠ ‚ã¶ãìÁ¹ã Scheme and Employee Stock Purchase Scheme) Guidelines, 1999.
Öõ. ¾ãÖ ¾ããñ•ã¶ãã ã䪶ããâ‡ãŠ 30 ‚ã¹ãÆõÊã 2008 Ôãñ ºã⪠Öãñ ØãƒÃ Öõ. The said scheme has since closed on 30th April 2008.
b) As on date, no equity shares have been allotted, under the Scheme,
Œã) ‚ã¼ããè ¦ã‡ãŠ, ƒÔã ¾ããñ•ã¶ãã ‡ãñŠ ‚ãâ¦ãØãæ㠇ãŠãñƒÃ ƒãä‡ã‹Ìã›ãè Íãñ¾ãÀ ¶ãÖãé •ããÀãè ãä‡ãŠ¾ãã •ãã Ôã‡ãŠã Öõ ‡ã‹¾ããòãä‡ãŠ since the Bank is in the process of compiling the data on the number
ºãö‡ãŠ ‚ã¼ããè Ô›ãù¹ãŠ ÔãªÔ¾ããò ´ãÀã ‚ããä£ã‡ãŠãÀ-„¹ã¾ããñØã ‡ãñŠ ¹ããäÀ¥ãã½ãÔÌãÁ¹ã ‚ããÌãñã䪦ã Íãñ¾ãÀãò ‡ãŠãè Ôã⌾ãã of shares to be issued pursuant to the exercise of the rights by the
‡ãŠã Ôã½ãñ‡ãŠ¶ã ‡ãŠÀ¶ãñ ‡ãŠãè ¹ãÆãä‰ãŠ¾ãã ½ãò Öõ ºãö‡ãŠ ¶ãñ ‡ãŠ½ãÃÞããÀãè ¹ãÆãä¦ã¹ãîãä¦ãà - ̾ã¾ã ‡ãñŠ ãäÊㆠÁ. 11.00 employees. The Bank has made provision of Rs. 11.00 crore towards
‡ãŠÀãñü¡ ‡ãŠã ¹ãÆãÌã£ãã¶ã ‚ã¶ãì½ãã¶ã ‚ãã£ããÀ ¹ãÀ ãä‡ãŠ¾ãã Öõ. employee compensation expenses on an estimated basis.
18.2. Ôãâãä½ãÑã ºããâ¡ : 18.2 Hybrid Bonds:
ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ºãö‡ãŠ ¶ãñ ``†Ôãºããè‚ãム¹ãÀ¹ãñÞãì‚ãÊã ¶ããù¶ã-‡ãŠãùÊã 10 ÌãÓããê¾ã + 1 ã䪶㠺ããâ¡ - •ãî¶ã During the year, the Bank has raised USD 225 million (equivalent to Rs. 902.70
2007 ƒÍ¾ãî'' •ããÀãè ‡ãŠÀ‡ãñŠ 225 ãä½ããäÊã¾ã¶ã ‚ã½ãñãäÀ‡ãŠãè ¡ãÊãÀ (31 ½ããÞãà 2008 ‡ãŠãñ ãä•ãÔã‡ãŠã ½ãîʾã crore as of 31st March 2008) by issuing “SBI Perpetual Non Call 10 Years + 1
Á.902.70 ‡ãŠÀãñü¡ ‡ãñŠ Ôã½ã¦ãìʾ㠩ãã) ‡ãŠãè „ØããÖãè ‡ãŠãè - •ããñ Ôãâãä½ãÑã Ñãñ¥ããè-1 ¹ãîâ•ããè ‡ãñŠ ‚ãâ¦ãØãæã day Bonds-June 2007 issue”, which qualifies for Hybrid Tier I Capital. These
‚ãã¦ãã Öõ. ƒ¶ã ºããâ¡ãò ¹ãÀ 10 ÌãÓãà 01 ã䪶ã ÌãÓãà ¦ã‡ãŠ ‡ãŠãè ‚ãÌããä£ã ‡ãñŠ ãäÊㆠãä¶ã¾ã¦ã º¾ãã•ã ªÀ †‡ãŠ bonds carry fixed interest rate for a period of 10 years 1 day. In case the Bank
Öãè ÖãñØããè. ¾ããäª 27 •ãî¶ã 2017 ¦ã‡ãŠ ºãö‡ãŠ ‡ãŠãÊã ‚ãã¹ãáÍã¶ã ‡ãŠã ¹ãƾããñØã ¶ãÖãé ‡ãŠÀ¦ãã Öõ ¦ããñ º¾ãã•ã does not exercise call option by 27th June 2017, the interest rate will be raised
ªÀò ºã¤ûñâØããè ‚ããõÀ ãä¶ã¾ã¦ã ªÀ - ‚ãÔ©ãã¾ããè ªÀ ½ãò ¹ããäÀÌããä¦ãæã Öãñ •ãã†Øããè. ƒ¶ã ºããâ¡ãò ‡ãŠãñ ãäÔãâØãã¹ãìÀ and fixed rate would be converted into floating rate. These bonds have been
Ô›ãù‡ãŠ †‡ã‹ÔãÞãò•ã ¹ãÀ ÔãîÞããèºã® ‡ãŠÀã¾ãã Øã¾ãã Öõ. listed on Singapore Stock Exchange.

114

C114 K114
 ãäÌãªñÍããè ½ãì³ã ½ãò •ããÀãè ¦ã©ãã Ôãâãä½ãÑã Ñãñ¥ããè I ¹ãîâ•ããè ‡ãñŠ ‚ãâ¦ãØãæ㠂ãã¶ãñ ÌããÊãñ ‚ããõÀ 31 ½ããÞãà 2008 ‡ãŠãñ The details of bonds issued in foreign currency, which qualify for Hybrid
ºã‡ãŠã¾ãã †ñÔãñ ºããâ¡ãò ‡ãŠã ãäÌãÌãÀ¥ã ãä¶ã½¶ãÌã¦ã Öõ : Tier I Capital and outstanding as on 31st March 2008 are as under:
ãäÌãÌãÀ¥ã ãä¶ãØãýã ãä¦ããä©ã ‚ãÌããä£ã ÀããäÍã 31.03.08 31.03.07 Particulars Date Tenor Amount Equivalent as Equivalent as
‡ãŠãñ Ôã½ã¦ãìʾ㠇ãŠãñ Ôã½ã¦ãìʾã of Issue on 31-3-08 on 31-3-07
†½ã›ã膶㠇ãŠã¾ãÉ㊽㠇ãñŠ 15.02.2007 ºãñãä½ã¾ããªãè ¶ããù¶ã ‚ã½ãñãäÀ‡ãŠãè Á.1604.80 Á.1738.80 Bond issued under 15.02.2007 Perpetual USD 400 Rs. 1604.80 Rs. 1738.80
‚ãâ¦ãØãæ㠕ããÀãè ºããâ¡ - ‡ãŠãùÊã - ¡ãÊãÀ - the MTN Programme - Non call million
12Ìããé ÏãðâŒãÊãã 10.25 ÌãÓãÃ- 400 ãä½ããäÊã¾ã¶ã 12th Series 10.25 years
Bond issued under the 26.06.2007 Perpetual Rs. 902.70 —
†½ã›ã膶㠇ãŠã¾ãÉ㊽㠇ãñŠ 26.06.2007 ºãñãä½ã¾ããªãè ¶ããù¶ã ‚ã½ãñãäÀ‡ãŠãè Á.902.70 MTN Programme - Non call USD 225
‚ãâ¦ãØãæ㠕ããÀãè ºããâ¡ - ‡ãŠãùÊã - ¡ãÊãÀ - 14th Series 10 years 1 day million
14Ìããé ÏãðŒãÊãã 10 ÌãÓãà 01 ã䪶ã 225 ãä½ããäÊã¾ã¶ã
¾ããñØã ‚ã½ãñãäÀ‡ãŠãè Á.2507.50 Á.1738.80 Total USD 625 Rs. 2507.50 Rs. 1738.80
million
¡ãÊãÀ -
625 ãä½ããäÊã¾ã¶ã 18.3 Subordinated Debt:
18.3 Øããõ¥ã ¨ãÉ¥ã : Items As at As at
31-Mar -2008 31-Mar-2007
½ãªò 31 ½ããÞãà 2008 ‡ãŠãè 31 ½ããÞãà 2007 ‡ãŠãè
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ Amount of Subordinated Debt raised as
Tier-II capital during the year Rs. 6023.50 Rs. 9442.90
ÌãÓãà ‡ãñŠ ªãõÀã¶ã Ñãñ¥ããè-II ‡ãñŠ Á¹ã ½ãò „ØããÖãè ØãƒÃ
Øããõ¥ã ¨ãÉ¥ããò ‡ãŠãè ÀããäÍã Á.6023.50 Á.9442.90 i) The subordinated debts raised through private placement of Bonds are
unsecured, long term, non-convertible and are redeemable at par. The
i) Øããõ¥ã ¨ãÉ¥ã - ºããâ¡ãò ‡ãñŠ ãä¶ã•ããè ãä¶ã¾ããñ•ã¶ã Ôãñ „ØããÖãè ãä‡ãŠ† Øㆠ‚ã¹ãÆãä¦ã¼ãî¦ã, ªãèÜããÃÌããä£ã, ‚ã¹ããäÀÌã¦ãöããè¾ã debt is subordinated to present and future senior indebtedness of the
¦ã©ãã Ôã½ã½ãîʾ㠹ãÀ ¹ãÆãä¦ãªñ¾ã Öõâ. ƒÔã ¨ãɥ㠇ãŠãñ ºãö‡ãŠ ‡ãñŠ Ìã¦ãýãã¶ã †Ìãâ ¼ããÌããè ¹ãÆÌãÀ ¨ãÉ¥ãØãÆÔ¦ã¦ãã Ôãñ Bank and qualifies for Tier II capital.
‡ãŠ½ã ÌãÀãè¾ã¦ãã ¹ãÆ㹦ã Öõ ‚ããõÀ ¾ãÖ Ñãñ¥ããè II ¹ãîâ•ããè ‡ãñŠ ‚ãâ¦ãØãæ㠂ãã¦ãã Öõ. ii) The details of such outstanding subordinated debt are given below:
ii) †ñÔãñ ºã‡ãŠã¾ãã Øããõ¥ã ¨ãÉ¥ããò ‡ãŠã ãäÌãÌãÀ¥ã ãä¶ã½¶ãÌã¦ã Öõ : Particulars Date of issue Rate of Tenor Equivalent Equivalent
ãäÌãÌãÀ¥ã ãä¶ãØãýã ÌãããäÓãÇ㊠‚ãÌããä£ã 31.03.08 ‡ãŠãñ 31.03.07 ‡ãŠãñ Interest: P.A. Amount as Amount as
ã䪶ããâ‡ãŠ º¾ãã•ã ªÀ Ôã½ã¦ãìʾã ÀãÍããè Ôã½ã¦ãìʾã ÀãÍããè on 31.03.08 on 31.03.07
ãä¶ã•ããè Ô©ãã¹ã¶ã ºããâ¡ 2001 01.01.2201 11.90% 87 ½ããÖ - 1675.20 Private Placement
ãä¶ã•ããè Ô©ãã¹ã¶ã ºããâ¡ 2005 05.12.2005 7.45% 113 ½ããÖ 3283.00 3283.00 Bonds 2001 01.01.2001 11.90% 87 months — 1675.20
ãä¶ã•ããè Ô©ãã¹ã¶ã ºããâ¡ 2006 05.06.2006 8.80% 180 ½ããÖ 2327.90 2327.90 Private Placement
ãä¶ã•ããè Ô©ãã¹ã¶ã Bonds 2005 05.12.2005 7.45% 113 months 3283.00 3283.00
ºããâ¡ 2006 (II) 06.07.2006 9.00% 180 ½ããÖ 500.00 500.00 Private Placement
ãä¶ã•ããè Ô©ãã¹ã¶ã Bonds 2006 05.06.2006 8.80% 180 months 2327.90 2327.90
Private Placement
ºããâ¡ 2006 (III) 12.09.2006 8.96% 180 ½ããÖ 600.00 600.00 Bonds 2006(II) 06.07.2006 9.00% 180 months 500.00 500.00
ãä¶ã•ããè Ô©ãã¹ã¶ã Private Placement
ºããâ¡ 2006 (IV) 13.09.2006 8.97% 180 ½ããÖ 615.00 615.00 Bonds 2006(III) 12.09.2006 8.96% 180 months 600.00 600.00
ãä¶ã•ããè Ô©ãã¹ã¶ã Private Placement
ºããâ¡ 2006 (V) 15.09.2006 8.98% 180 ½ããÖ 1500.00 1500.00 Bonds 2006(IV) 13.09.2006 8.97% 180 months 615.00 615.00
ãä¶ã•ããè Ô©ãã¹ã¶ã Private Placement
ºããâ¡ 2006 (VI) 04.10.2006 8.85% 180 ½ããÖ 400.00 400.00 Bonds 2006(V) 15.09.2006 8.98% 180 months 1500.00 1500.00
ãä¶ã•ããè Ô©ãã¹ã¶ã Private Placement
ºããâ¡ 2006 (VII) 16.10.2006 8.88% 180 ½ããÖ 1000.00 1000.00 Bonds 2006(VI) 04.10.2006 8.85% 180 months 400.00 400.00
ãä¶ã•ããè Ô©ãã¹ã¶ã Private Placement
ºããâ¡ 2006 (VIII) 17.02.2007 9.37% 180 ½ããÖ 1000.00 1000.00 Bonds 2006(VII) 16.10.2006 8.88% 180 months 1000.00 1000.00
Private Placement
ãä¶ã•ããè Ô©ãã¹ã¶ã Bonds 2006(VIII) 17.02.2007 9.37% 180 months 1000.00 1000.00
ºããâ¡ 2006 (IX) 21.03.2007 9.85% 111 ½ããÖ 1500.00 1500.00 Private Placement
ãä¶ã•ããè Ô©ãã¹ã¶ã Bonds 2006(IX) 21.03.2007 9.85% 111 months 1500.00 1500.00
ºããâ¡ 2007-08 (I) 07.06.2007 10.20% 180 ½ããÖ 2523.50 - Private Placement
ãä¶ã•ããè Ô©ãã¹ã¶ã Bonds 2007-08(I ) 07.06.2007 10.20% 180 months 2523.50 —
ºããâ¡ 2007-08 (II) 12.09.2007 10.10% 180 ½ããÖ 3500.00 - Private Placement
ãäÌãªñÍããè ½ãì³ã ½ãò Bonds 2007-08(II ) 12.09.2007 10.10% 180 months 3500.00 —
‚ã¹ãÆãä¦ã¼ãî¦ã ¨ãÉ¥ã 12.04.2000 6.50% 108 ½ããÖ 32.44 29.59 Unsecured Loan in
Foreign Currency 12.04.2000 6.50% 108 months 32.44 29.59
¾ããñØã 18781.84 14430.69
18.4 ãäÌããä¶ã£ãã¶ã : Total 18781.84 14430.69
1. ºãö‡ãŠ ‡ãñŠ ãäÌããä¶ã£ãã¶ããò ¦ã©ãã ãäÌããä¶ã£ãã¶ããò ¹ãÀ Öì† ½ãîʾãÖÆãÔã ‡ãñŠ ãäÊㆠÀŒãñ Øㆠ¹ãÆãÌã£ãã¶ããò ‡ãñŠ „¦ããÀ-Þãü¤ãÌã 18.4 Investments
‡ãŠã º¾ããñÀã ãä¶ã½¶ãã¶ãìÔããÀ Öõ: 1. The Details of investments and the movement of provisions held
towards depreciation on investments of the Bank are given below:
ãäÌãÌãÀ¥ã 31½ããÞãà 2008 ‡ãŠãè 31 ½ããÞãà 2007 ‡ãŠãè
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ Particulars As at As at
31-Mar -2008 31-Mar-2007
I. ãäÌããä¶ã£ãã¶ããò ‡ãŠã ½ãîʾã
i) ãäÌããä¶ã£ãã¶ããò ‡ãŠã Ôã‡ãŠÊã ½ãîʾã I. Value of Investments
(‡ãŠ) ¼ããÀ¦ã ½ãò 185278.42 144580.01 i) Gross value of Investments
(Œã) ¼ããÀ¦ã Ôãñ ºããÖÀ 5204.27 5823.31 (a) In India 185278.42 144580.01
ii) ½ãîʾãÖÆãÔã ‡ãñŠ ãäÊㆠ¹ãÆãÌã£ãã¶ã (b) Outside India 5204.27 5823.31
(‡ãŠ) ¼ããÀ¦ã ½ãò 948.32 1243.69 ii) Provisions for Depreciation
(Œã) ¼ããÀ¦ã Ôãñ ºããÖÀ 33.10 10.75 (a) In India 948.32 1243.69
(b) Outside India 33.10 10.75
iii) ãäÌããä¶ã£ãã¶ããò ‡ãŠã ãä¶ãÌãÊã ½ãîʾã iii) Net value of Investments
(‡ãŠ) ¼ããÀ¦ã ½ãò 184330.10 143336.32 (a) In India 184330.10 143336.32
(Œã) ¼ããÀ¦ã Ôãñ ºããÖÀ 5171.17 5812.56 (b) Outside India 5171.17 5812.56
2. ãäÌããä¶ã£ãã¶ããò ‡ãñŠ ½ãîʾãÖÆãÔã ‡ãñŠ ãäÊㆠÀŒãñ Øㆠ2. Movement of provisions held towards
¹ãÆãÌã£ãã¶ããò ‡ãŠã „¦ããÀ-Þãü¤ãÌã depreciation on investments
i) ‚ã©ãÍãñÓã 1254.44 6156.76 i) Opening Balance 1254.44 6156.76
ii) •ããñü¡ñâ : ÌãÓãà ‡ãñŠ ªãõÀã¶ã ãä‡ãŠ† Øㆠ¹ãÆãÌã£ãã¶ã 242.83 477.20 ii) Add: Provisions made during the year 242.83 477.20
iii) Üã›ã†ú : ‚ããä¦ããäÀ‡ã‹¦ã ¹ãÆãÌã£ãã¶ã / ¹ãì¶ãÌãÃØããê‡ãŠÀ¥ã iii) Less: Write off/write back of excess
‡ãŠã ‚ã¹ãÊãñŒã¶ã/¹ãÆãä¦ãÊãñŒã¶ã 515.85 5379.52 provision during the year. 515.85 5379.52
iv) ƒãä¦ã ÍãñÓã 981.42 1254.44 iv) Closing balance 981.42 1254.44

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ã䛹¹ã¥ããè : Notes:
‡ãŠ) ãäÌããä¶ã£ãã¶ããò ‡ãñŠ ‚ãâ¦ãØãæã - ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ Ôãã©ã ÀŒããè ØãƒÃ ÞãÊããä¶ããä£ã Ôã½ãã¾ããñ•ã¶ã ÔãìãäÌã£ãã ‡ãñŠ ‚ãâ¦ãØãæã a) Investments exclude securities utilised under Liquidity Adjustment Facility with RBI -
„¹ã¾ããñØã ‡ãŠãè ØãƒÃ ¹ãÆãä¦ã¼ãîãä¦ã¾ããú Íãããä½ãÊã Öö - Á. 17000 ‡ãŠÀãñü¡ (ãä¹ãœÊãñ ÌãÓãà Á.5000 ‡ãŠÀãñü¡) ¦ã©ãã ½ãã‡ãóŠ› Rs. 17000 crore (Previous year Rs. 5000 crore) and Rs. 515 crore under Market Repo
ãäÀ¹ããñ ‡ãñŠ ‚ãâ¦ãØãæã Á.515 ‡ãŠÀãñü¡. (ãä¹ãœÊãñ ÌãÓãà Á. Ãä¶ãÀâ‡ãŠ) (Previous year Rs. Nil).
Œ) Á.20055 ‡ãŠÀãñü¡ (ãä¹ãœÊãñ ÌãÓãà Á.22755.00 ‡ãŠÀãñü¡ ‡ãñŠ ãäÌããä¶ã£ãã¶ã ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ / ‡ã‹Êããè¾ããäÀâØã ‡ãŠãÀ¹ããñÀñÍã¶ã b) Investments amounting to Rs. 20055 crore (Previous Year Rs.22755.00 crore) are kept
‚ããù¹ãŠ ƒâã䡾ãã ãäÊã. ‡ãñŠ ¹ããÔã ‚ãã›ãè•ããè†Ôã / †¶ã¡ãè†Ôã ‡ãñŠ ‚ãâ¦ãØãæ㠽ãããä•ãöã ÔÌãÁ¹ã ÀŒãã Øã¾ãã Öõ. as margin with the RBI/Clearing Corporation of India Ltd. towards Real Time Gross
Øã) ‚㶾ã ãäÌããä¶ã£ãã¶ããò ½ãò ‚ããÀ‚ãメã膹㊠•ã½ãã ¾ããñ•ã¶ãã ‡ãñŠ ‚ãâ¦ãØãæ㠶ããÌãã¡Ã ‡ãñŠ ¹ããÔã ÀŒãñ ØㆠÁ.12039.18 ‡ãŠÀãñü¡ Settlement (RTGS)/NDS.
(ãä¹ãœÊãñ ÌãÓãà Á.7652.53 ‡ãŠÀãñü¡ ) ‡ãŠã ãäÌããä¶ã£ãã¶ã Íãããä½ãÊã Öõ. c) Other investments include deposits with NABARD under the RIDF Deposit Scheme
Üã) ÌãÓãà ‡ãñŠ ªãõÀã¶ã ºãö‡ãŠ ¶ãñ ØÊããñºãÊã ›Èñ¡ ¹ãŠãƒ¶ãòÔã ãäÊã. ‡ãŠãè 92.03% ƒãä‡ã‹Ìã›ãè ‡ãŠã ‚ããä¼ãØãÆÖ¥ã / ‚ãâÍãØãÆÖ¥ã amounting to Rs. 12039.18 crore (Previous year Rs. 7652.53 crore).
ãä‡ãŠ¾ãã Öõ. ƒÔã‡ãñŠ ¹ãŠÊãÔÌãÁ¹ã •ããè›ã膹㊆Êã ºãö‡ãŠ ‡ãŠãè ‚ã¶ãìÓãâØããè Öãñ ØãƒÃ Öõ. d) During the year, the Bank has acquired/subscribed to 92.03% of equity of Global Trade
Ý) ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ºãö‡ãŠ ¶ãñ ‚ã¹ã¶ããè ‚ã¶ãìÓãâãäØã¾ããò ‡ãñŠ ‡ãŠã¾ãÇãŠÊãã¹ããò ‡ãŠãñ Ôã½ãì¸ã¦ã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊㆠÁ.1176.30 ‡ãŠÀãñü¡ Finance Ltd. (GTFL). Consequently, GTFL has become a subsidiary of the Bank.
‡ãŠãè ‚ããä¦ããäÀ‡ã‹¦ã ¹ãîâ•ããè ‡ãŠã ãä¶ãÌãñÍã ãä‡ãŠ¾ãã Öõ. e) During the year, the Bank has infused additional capital of Rs. 1176.30 crore in
Þã) ºãö‡ãŠ ‡ãñŠ ãäÌãªñÍã ãäÔ©ã¦ã ‡ãŠã¾ããÃÊã¾ã ‰ãñŠãä¡› ãäÊãâ‡ãŠ ¶ããñ›áÔã ‚ããõÀ Ôãâ¹ãããäÍÃÌã‡ãŠ ¨ãɥ㠪ããä¾ã¦Ìããò ‡ãñŠ àãñ¨ã ½ãñò ¨ãÉ¥ã- subsidiaries to augment their capital base.
•ããñãäŒã½ã „Ÿã¦ãñ Öõ. ¾ãÖ ãäÌãªñÍã ãäÔ©ã¦ã ‡ãŠã¾ããÃÊã¾ããò ‡ãñŠ ãä¶ãÌãñÍã ÔãâãäÌã¼ããØã ‡ãñŠ ‚ãâ¦ãØãæ㠂ã¹ãñãäàã¦ã Öõ - •ããñ ‡ãòŠ³ãè¾ã f) Foreign offices of the Bank take exposure on Credit Link Notes (CLN) and Collateralised
ºããñ¡Ã ´ãÀã ‚ã¶ãì½ããñã䪦ã ``ãäÌãªñÍã ãäÔ©ã¦ã ‡ãŠã¾ããÃÊã¾ããò ‡ãñŠ ãäÊㆠãä¶ãÌãñÍã ¶ããèãä¦ã'' ´ãÀã ‚ããä¼ãÍãããäÔã¦ã Öãñ¦ãã Öõ. ºãö‡ãŠ Debt Obligation (CDO). These are acquired under investment portfolio at Foreign Offices
†ñÔãñ ãäÊãŒã¦ããò ‡ãŠãñ ¹ããäÀ¹ã‡ã‹Ìã¦ãã ‚ãÌããä£ã ¦ã‡ãŠ ÀŒã¶ãã ÞããÖ¦ãã Öõ. ¦ãìÊã¶ã ¹ã¨ã ‡ãŠãè ãä¦ããä©ã ‡ãŠãñ †ñÔãñ ÔãâãäÌã¼ããØããò ‡ãŠã which are governed by “Investment Policy for Foreign Offices” approved by the Central
‡ãìŠÊã ½ãîʾã Á.1798.88 ‡ãŠÀãñü¡ (ãä¹ãœÊãñ ÌãÓãà Á.1799.29) ©ãã - ãä•ãÔã‡ãñŠ ãäÌãÁ® ºãö‡ãŠ ¶ãñ Á.56 ‡ãŠÀãñü¡ Board. The Bank intends to hold such instruments till its maturity. The aggregate value of
‡ãŠã ãäÌãÌãñ‡ãŠ¹ãî¥ãà ¹ãÆãÌã£ãã¶ã ãä‡ãŠ¾ãã Öõ. such portfolio as on the date of the Balance Sheet is Rs. 1798.88 crore (previous year Rs.
2. ãäÀ¹ããñ Êãñ¶ãªñ¶ã / Repo Transactions 1799.29 crore) against which the bank has made prudential provision of Rs. 56 crore.
ÌãÓãà ‡ãñŠ ªãõÀã¶ã ãäÀ¹ããñ ‚ããõÀ ¹ãƦ¾ããÌããä¦ãæã ãäÀ¹ããñ ‡ãñŠ ‚ã£ããè¶ã ãäºã‰ãŠãè †Ìã⠉㊾㠇ãŠãè ØãƒÃ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ‡ãŠã º¾ããñÀã ãä¶ã½¶ãã¶ãìÔããÀ Öõ:
The details of securities sold and purchased under repos and reverse repos during the year are given below :

½ãªò / Particulars ÌãÓãà ‡ãŠñ ªãõÀã¶ã ¶¾ãî¶ã¦ã½ã ÌãÓãà ‡ãŠñ ªãõÀã¶ã ‚ããä£ã‡ãŠ¦ã½ã ÌãÓãà ‡ãŠñ ªãõÀã¶ã ªõãä¶ã‡ãŠ ‚ããõÔã¦ã ÌãÓãà ‡ãñŠ ‚ãâ¦ã ½ãò ÍãñÓã ÀããäÍã
ºã‡ãŠã¾ãã ÀããäÍã ºã‡ãŠã¾ãã ÀããäÍã ºã‡ãŠã¾ãã ÀããäÍã
Minimum outstanding Maximum outstanding Daily Average outstanding Balance as on
during the year during the year during the year year end
ãääÀ¹ããñ ‡ãŠñ ‚ã£ããè¶ã ãäºã‡ãŠÆãè ‡ãŠãè ØãƒÃ ¹ãÆãä¦ã¼ãîãä¦ã¾ããú 0.00 17900.00 1627.68 17500.00
Securities sold under repos (0.00) (11873.63) (325.38) (5000.00)
¹ãƦ¾ããÌããä¦ãæã ãääÀ¹ããñ ‡ãŠñ ‚ã£ããè¶ã ‰ãŠ¾ã ‡ãŠãè ØãƒÃ ¹ãÆãä¦ã¼ãîãä¦ã¾ããú 0.00 24480.00 2296.11 0.00
Securities purchased under reverse repos (0.00) (20512.05) (3707.28) (0.00)
(‡ãŠãñÓŸ‡ãŠãò ½ãñâ ã䪆 Øㆠ‚ããâ‡ãŠ¡ûñ ãä¹ãœÊãñ ÌãÓãà ‡ãŠñ Öö / Figures in brackets are for Previous Year)
3. ØãõÀ ÔããâãäÌããä£ã‡ãŠ ÞãÊããä¶ããä£ã ‚ã¶ãì¹ãã¦ã (¶ããù¶ã †Ôã†Êã‚ããÀ) ãäÌããä¶ã£ãã¶ã ÔãâãäÌã¼ããØã
Non-SLR Investment Portfolio
(a) ØãõÀ ÔããâãäÌããä£ã‡ãŠ ÞãÊããä¶ããä£ã ‚ã¶ãì¹ãã¦ã (¶ããù¶ã †Ôã†Êã‚ããÀ) ãäÌããä¶ã£ãã¶ããò ‡ãŠãè ãä¶ãØãýã‡ãŠ¦ããà ÔãâÀÞã¶ãã :
Issuer composition of Non SLR Investments:
ºãö‡ãŠ ‡ãŠñ ØãõÀ ÔããâãäÌããä£ã‡ãŠ ÞãÊããä¶ããä£ã ‚ã¶ãì¹ãã¦ã (¶ããù¶ã †Ôã†Êã‚ããÀ) ãäÌããä¶ã£ãã¶ããò ‡ãŠãè ãä¶ãØãýã‡ãŠ¦ããà ÔãâÀÞã¶ãããä¶ã½¶ãã¶ãìÔããÀ Öõ :
The issuer composition of non-SLR investments of the Bank is given below :
Ôãâ. ãää¶ãØãýã‡ãŠ¦ããà / Issuer Ôã‡ãŠÊã ºã‡ãŠã¾ãã ÀããäÍã ãä¶ã•ããè Ô©ãã¹ã¶ã `ãäÌããä¶ã£ãã¶ã Ñãñ¥ããè Ôãñ ‡ãŠ½ã' `ãäºã¶ãã Àñãä›âØã ÌããÊããè` `‚ãÔãîÞããèØã¦ã'
‡ãŠãè ½ãã¨ãã ¹ãÆãä¦ã¼ãîãä¦ã¾ããñâ ‡ãŠãè ½ãã¨ãã ¹ãÆãä¦ã¼ãîãä¦ã¾ããñâ ‡ãŠãè ½ãã¨ãã ¹ãÆãä¦ã¼ãîãä¦ã¾ããñâ ‡ãŠãè ½ãã¨ãã
No. Gross outstanding Extent of Private Extent of `Below Invest- Extent of `Unrated' Extent of `Unlisted'
Placement ment Grade' Securities * Securities * Securities *
(i) ÔããÌãÕããä¶ã‡ãŠ àãñ¨ã ‡ãŠñ 16315.61 828.16 94.00 137.40 393.10
„¹ã‡ãŠÆ½ã / PSUs @ (5865.49) (603.93) (132.00) (34.11) (111.11)
(ii) ãääÌã§ããè¾ã ÔãâÔ©ãã†ú / FIs 1812.28 919.29 456.04 199.24 771.04
(1401.04) (1398.36) (255.90) (108.65) (404.54)
(iii) ºãõâ‡ãŠ / Banks 3786.33 2259.57 158.00 19.06 550.00
(3507.06) (2313.53) (125.13) (0.00) (60.00)
(iv) ãä¶ã•ããè ‡ãŠãÀ¹ããñÀñ› 5131.00 653.01 202.60 172.80 92.10
Private Corporates (3701.90) (757.49) (143.59) (80.07) (110.27)
(v) ‚ã¶ãìÓãâãäØã¾ããúâ/ Ôãâ¾ãì‡ã‹¦ã „²ã½ã 4383.94 0.00 0.00 0.00 0.00
Subsidiaries / Joint ventures ** (2611.26) (0.00) (0.00) (0.00) (0.00)
(vi) ‚㶾ã / Others 15370.55 284.48 141.00 51.00 16.00
(11605.76) (8337.63) (538.82) (513.20) (1842.79)
(vii) ½ãîʾãÖÆãÔã ‡ãŠñ ãäÊㆠÀŒãã Øã¾ãã ¹ãÆãÌã£ãã¶ã 770.73 0.00 45.00 4.00 26.00
Provision held towards
depreciation (589.79) ÊããØãî ¶ãÖãé / NA (0.92) ÊããØãî ¶ãÖãé / NA ÊããØãî ¶ãÖãé / NA
¾ããñØã / Total 46028.98 4944.51 1006.64 575.50 1796.24
ãä¹ãœÊãã ÌãÓãÃ/ Previous Year (28102.72) (13410.94) (1194.52) (736.03) (2528.71)
@ 8.35% †Ôãºããè‚ããƒÃ Àホ ƒÍ¾ãî - ¼ããÀ¦ã ÔãÀ‡ãŠãÀ ‡ãñŠ ºããú¡Ôãá - Á. 9481.01 ‡ãŠÀãñü¡ (ãä¹ãœÊãñ ÌãÓãà ãä¶ãÀâ‡ãŠ) †Ìãâ ‚ãã¾ãÊã ºããú¡Ôãá Á. 4967.62 ‡ãŠÀãñü¡ (ãä¹ãœÊãñ ÌãÓãà Á. 4969.05 ‡ãŠÀãñü¡) ƒÔã½ãñ Íãããä½ãÊã Öõ.
8.35% SBI Right Issue Government of India Bonds - Rs. 9481.01 crore (Previous Year - Nil) and Oil Bonds Rs. 4967.62 crore (Previous Year Rs. 4969.05 crore)
are included under this category.
(‡ãŠãñÓŸ‡ãŠãò ½ãò ã䪆 Øㆠ‚ããâ‡ãŠü¡ñ ãä¹ãœÊãñ ÌãÓãà ‡ãñŠ Öö / Figures in brackets are for Previous Year)
* ƒÃãä‡ã‹Ìã›ãè, ƒÃãä‡ã‹Ìã›ãè-Ô㽺㮠ãäÊãŒã¦ããò, ‚ãããäÔ¦ã Ôã½ããä©ãæ㠹ãÆãä¦ã¼ãîãä¦ã‡ãðŠ¦ã ãäÊãŒã¦ã, ÔãÀ‡ãŠãÀãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ‚ããõÀ ¹ããÔã -©ãÆî-Ôããä›Ããä¹ãŠ‡ãñŠ› ½ãò ãäÌããä¶ã£ãã¶ã ‡ãŠãñ ƒ¶ã Ñãñãä¥ã¾ããò ‡ãñŠ ‚ãâ¦ãØãæ㠃ÔããäÊㆠ‚ãÊãØã-‚ãÊãØã ãäÌã¼ã‡ã‹¦ã ¶ãÖãé ãä‡ãŠ¾ãã Øã¾ãã Öõ ‡ã‹¾ããòãä‡ãŠ ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ
¹ãÆãÔãâãäØã‡ãŠ ãäªÍãã-ãä¶ãªóÍããò ‡ãñŠ ‚ãâ¦ãØãæ㠄‡ã‹¦ã ½ãªñ ¶ãÖãé ‚ãã¦ããè Öõâ.
** ‚ã¶ãìÓãâãäØã¾ããò / Ôãâ¾ãì‡ã‹¦ã „ªá¾ã½ããò ½ãò ãäÌããä¶ã£ãã¶ããò ‡ãŠãñ ãäÌããä¼ã¶¶ã ÌãØããô ½ãò ƒÔããäÊㆠ‚ãÊãØã-‚ãÊãØã ãäÌã¼ã‡ã‹¦ã ¶ãÖãé ãä‡ãŠ¾ãã Øã¾ãã Öõ ‡ã‹¾ããòãä‡ãŠ ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ ¹ãÆãÔãâãäØã‡ãŠ ãäªÍãã-ãä¶ãªóÍããò ‡ãñŠ ‚ãâ¦ãØãæ㠄‡ã‹¦ã ½ãªñ ¶ãÖãé ‚ãã¦ããè Öâõ.
* Investment in equity, equity linked instruments, asset backed securitised instruments, Govt. securities and pass through certificates have not been
segregated under these categories as these are not covered under relevant RBI Guidelines.
** Investments in Subsidiaries/Joint Venture have not been segregated into various categories as these are not covered under relevant RBI Guidelines.

116

C116 K116
Œã) ‚ã¶ã•ãÇ㊠ØãõÀ-ÔããâãäÌããä£ã‡ãŠ ÞãÊããä¶ããä£ã ‚ã¶ãì¹ãã¦ã (¶ããù¶ã †Ôã†Êã‚ããÀ) ãäÌããä¶ã£ãã¶ã b) Non Performing Non-SLR Investments
ãääÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà Particulars Current Year Previous Year
Opening Balance 243.42 254.57
‚ã©ãÍãñÓã 243.42 254.57 Additions during the year 24.18 19.13
ÌãÓãà ‡ãŠñ ªãõÀã¶ã ¹ããäÀÌã£ãöã 24.18 19.13 Reductions during the year 37.37 30.28
ÌãÓãà ‡ãŠñ ªãõÀã¶ã ‡ãŠ½ããè 37.37 30.28 Closing balance 230.23 243.42
ƒãä¦ã ÍãñÓã 230.23 243.42 Total provisions held 201.32 208.68
ÀŒãñ Øㆠ‡ãŠìÊã ¹ãÆãÌã£ãã¶ã 201.32 208.68 18.5 Derivatives
a) Forward Rate Agreements / Interest Rate Swaps
18.5 ¡ñÀãèÌãñãä›ÌÔã :
Particulars As at As at
‡ãŠ) Ìãã¾ãªã ªÀ ‡ãŠÀãÀ / º¾ãã•ã ªÀ ãäÌããä¶ã½ã¾ã 31-Mar-2008 31-Mar-2007
ãäÌãÌãÀ¥ã 31½ããÞãà 2008 ‡ãŠãè 31½ããÞãà 2007 ‡ãŠãè i) The notional principal of swap
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ agreements 155928.42 186610.70
ii) Losses which would be incurred if
i) ãäÌããä¶ã½ã¾ã ‡ãŠÀãÀãñâ ‡ãŠãè ‚ãã¶ãì½ãããä¶ã‡ãŠ ½ãîÊã ÀããäÍã 155928.42 186610.70 counterparties failed to fulfil their
ii) ¹ãÆãä¦ã¹ãàããò ´ãÀã ‡ãŠÀãÀ ‡ãñŠ ‚ã£ããè¶ã ‚ã¹ã¶ãñ ªããä¾ã¦Ìããòò ‡ãŠãñ obligations under the agreements 1666.30 2415.53
¹ãîÀã ‡ãŠÀ¶ãñ ½ãò ‚ãÔã¹ãŠÊã Öãñ¶ãñ ¹ãÀ Öãñ¶ãñ ÌããÊããè Öããä¶ã¾ããú 1666.30 2415.53 iii) Collateral required by the Bank upon
entering into swaps Nil Nil
iii) ãäÌããä¶ã½ã¾ã ½ãò Íãããä½ãÊã Öãñ¶ãñ ¹ãÀ ºãö‡ãŠ ´ãÀã ‚ã¹ãñãäàã¦ã Ôãâ¹ãããäÍÌãÇ㊠ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ
iv) Concentration of credit risk arising from
iv) ãäÌããä¶ã½ã¾ã Ôãñ „ªá¼ãî¦ã ¨ãÉ¥ã-•ããñãäŒã½ã ‡ãŠã ‡ãñŠ¶³ãè‡ãŠÀ¥ã ¶ãØ㥾㠶ãØ㥾ã the swaps Not Significant Not Significant
v) ãäÌããä¶ã½ã¾ã - ºãÖãè ‡ãŠã „ãäÞã¦ã ½ãîʾã 160.50 35.41 v) The fair value of the swap book 160.50 35.41

Œã) ºãã•ããÀ (†‡ã‹ÔãÞãò•ã) ½ãò ̾ãã¹ããÀ ãä‡ãŠ† Øㆠº¾ãã•ã-ªÀ ¡ñÀãèÌãñãä›ÌÔã b) Exchange Traded Interest Rate Derivatives
‰ãŠ½ã Ôãâ. ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà Sr. No. Particulars Current Year Previous Year
1 Notional principal amount of
1 ºãã•ããÀ (†‡ã‹ÔãÞãò•ã) ½ãò ̾ãã¹ããÀ ãä‡ãŠ† Øㆠº¾ãã•ã-ªÀ exchange traded interest rate
¡ñÀãèÌãñãä›ÌÔã ‡ãŠãè ÌãÓãà ‡ãñŠ ªãõÀã¶ã ‚ãã¶ãì½ãããä¶ã‡ãŠ ½ãîÊã ÀããäÍã ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ derivatives undertaken during
2 31½ããÞãà 2008 ‡ãŠãñ ºãã•ããÀ (†‡ã‹ÔãÞãò•ã) ½ãò ̾ãã¹ããÀ ãä‡ãŠ† the year Nil Nil
Øㆠº¾ãã•ã-ªÀ ¡ñÀãèÌãñãä›ÌÔã ‡ãŠãè ºã‡ãŠã¾ãã ‚ãã¶ãì½ãããä¶ã‡ãŠ ½ãîÊã ÀããäÍã ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ 2 Notional principal amount of
exchange traded interest rate
3 ºãã•ããÀ (†‡ã‹ÔãÞãò•ã) ½ãò ̾ãã¹ããÀ ãä‡ãŠ† Øㆠº¾ãã•ã-ªÀ derivatives outstanding as on
¡ñÀãèÌãñãä›ÌÔã ‡ãŠãè ‚ãã¶ãì½ãããä¶ã‡ãŠ ½ãîÊã ÀããäÍã •ããñ ºã‡ãŠã¾ãã 31st March 2008 Nil Nil
‚ããõÀ ``‚㦾ããä£ã‡ãŠ ¹ãƼããÌããè'' ¶ãÖãè Öõ ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ 3 Notional principal amount of
4 ºãã•ããÀ (†‡ã‹ÔãÞãò•ã) ½ãò ̾ãã¹ããÀ ãä‡ãŠ† Øㆠº¾ãã•ã-ªÀ exchange traded interest rate
derivatives outstanding and not
¡ñÀãèÌãñãä›ÌÔã ‡ãŠã ‚ãâãä‡ãŠ¦ã ºãã•ããÀ ½ãîʾ㠕ããñ ºã‡ãŠã¾ãã “highly effective” Nil Nil
‚ããõÀ ``‚㦾ããä£ã‡ãŠ ¹ãƼããÌããè'' ¶ãÖãè Öõ ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ 4 Marked-to-market value of
exchange traded interest rate
Øã) ¡ñÀãèÌãñãä›ÌÔã ½ãò •ããñãäŒã½ã - ¨ãɥ㠇ãŠã ¹ãƇ㊛ãè‡ãŠÀ¥ã derivatives outstanding and not
(‡ãŠ) Øãì¥ã㦽ã‡ãŠ ¹ãƇ㊛ãè‡ãŠÀ¥ã “highly effective”. Nil Nil
i. ºãö‡ãŠ Ìã¦ãýãã¶ã ½ãò ‡ãŠã„â›À ¹ãÀ (‚ããñ›ãèÔããè) º¾ãã•ã ªÀ ‚ããõÀ ½ãì³ã ¡ñÀãèÌãñãä›ÌÔã ‡ãŠã Êãñ¶ãªñ¶ã c) Disclosures on Risk Exposure in Derivatives
‡ãŠÀ¦ãã Öõ. ºãö‡ãŠ ´ãÀã ãä•ã¶ã º¾ãã•ã ªÀ ¡ñÀãèÌãñãä›ÌÔã ‡ãŠã Êãñ¶ãªñ¶ã ãä‡ãŠ¾ãã Øã¾ãã „¶ã½ãò, Á¹ã¾ãã (A) Qualitative Disclosure
º¾ãã•ã ªÀ ãäÌããä¶ã½ã¾ã, ãäÌãªñÍããè ½ãì³ã º¾ãã•ã ªÀ ãäÌããä¶ã½ã¾ã ‚ããõÀ Ìãã¾ãªã ªÀ ‡ãŠÀãÀ Íãããä½ãÊã i. The Bank currently deals in over-the-counter (OTC) interest rate
and currency derivatives. Interest rate derivatives dealt with by
Öö. ºãö‡ãŠ ´ãÀã ãä•ã¶ã ½ãì³ã ¡ñÀãèÌãñãä›ÌÔã ‡ãŠã Êãñ¶ãªñ¶ã ãä‡ãŠ¾ãã Øã¾ãã „¶ã½ãò, ½ãì³ã ãäÌããä¶ã½ã¾ã, the Bank are rupee interest rate swaps, foreign currency interest
Á¹ã¾ãã ¡ãÊãÀ ãäÌã‡ãŠÊ¹ã ‚ããõÀ ¹ãÀÔ¹ãÀ-½ãì³ã ãäÌã‡ãŠÊ¹ã Íãããä½ãÊã Öö. ºãö‡ãŠ ‡ãñŠ ØãÆãÖ‡ãŠãò ‡ãŠãñ rate swaps and forward rate agreements. Currency derivatives
„¦¹ããªãò ‡ãñŠ ãäÌã‰ãŠ¾ã - ¹ãÆÔ¦ããÌã, „¶ã‡ãñŠ ãä¶ãÌãñÍããò ¹ãÀ ãä¶ã¾ãâ¨ã¥ã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊㆠã䪆 •ãã¦ãñ dealt with by the Bank are currency swaps, rupee dollar options
Öö ‚ããõÀ ºãö‡ãŠ †ñÔãñ ãä¶ãÌãñÍããò ‡ãŠãè Ààãã ‡ãñŠ ãäÊㆠ¡ñÀãèÌãñãä›ÌÔã ÔãâãäÌãªã†ú ãä¶ãÓ¹ããã䪦㠇ãŠÀ¦ãã and cross-currency options. The products are offered to the
Öõ. ºãö‡ãŠ ´ãÀã ¡ñÀãèÌãñãä›ÌÔã ‡ãŠã ¹ãƾããñØã ̾ãã¹ããÀ ‡ãñŠ Ôãã©ã-Ôãã©ã ¦ãìÊã¶ã¹ã¨ã ‡ãŠãè ½ãªãò ‡ãŠãè Bank’s customers to manage their exposures and the Bank enters
into derivatives contracts to cover such exposures. Derivatives
¹ãÆãä¦ãÀàãã ‡ãñŠ ãäÊㆠ¼ããè ãä‡ãŠ¾ãã •ãã¦ãã Öõ. ºãö‡ãŠ ÔãâÀÞã¶ãã „¦¹ã㪠ÔãâãäÌã¼ããØã ‡ãñŠ ‚ã£ããè¶ã ƒ¶ã are also used by the Bank both for trading as well as hedging on-
Ôãã½ã㶾ã ãä½ããäÑã¦ã ãäÊãŒã¦ããò ‡ãŠã ¼ããè Êãñ¶ãªñ¶ã ‡ãŠÀ¦ãã Öõ. balance sheet items. The Bank also deals in a mix of these generic
ii. ¡ñÀãèÌãñãä›ÌÔã Êãñ¶ãªñ¶ã ½ãò ºãã•ããÀ •ããñãäŒã½ã Íãããä½ãÊã Öö ‚ã©ããæãá º¾ãã•ã ªÀãò/ãäÌããä¶ã½ã¾ã ªÀãò ½ãò instruments, under the portfolio of Structured Products.
¹ãÆãä¦ã‡ãîŠÊã „¦ããÀ-Þãü¤ãÌã ‡ãñŠ ‡ãŠãÀ¥ã ºãö‡ãŠ ‡ãŠãñ Ôãâ¼ãã̾ã Öããä¶ã „Ÿã¶ããè ¹ãü¡ Ôã‡ãŠ¦ããè Öõ ‚ããõÀ ii. Derivative transactions carry market risk i.e. the probable loss
the Bank may incur as a result of adverse movements in interest
¾ããäª ¹ãÆãä¦ã¹ãàã ‚ã¹ã¶ãñ ªããä¾ã¦Ìããòò ‡ãŠã ¹ããÊã¶ã ¶ãÖãé ‡ãŠÀ¦ãñ Öõâ ¦ããñ ºãö‡ãŠ ‡ãŠãñ ¨ãɥ㠕ããñãäŒã½ã ‚ã©ããæãá rates / exchange rates and credit risk i.e. the probable loss the
Ôãâ¼ãã̾ã Öããä¶ã „Ÿã¶ããè ¹ãü¡ Ôã‡ãŠ¦ããè Öõ. ºããñ¡Ã ´ãÀã ‚ã¶ãì½ããñã䪦㠺ãö‡ãŠ ‡ãŠãè ``¡ñÀãèÌãñãä›ÌÔã ¶ããèãä¦ã'' Bank may incur if the counterparties fail to meet their obligations.
ºãã•ããÀ •ããñãäŒã½ã (Öããä¶ã ‡ãŠãè ‡ãŠ›ãõ¦ããè ‡ãñŠ Ôã¦ã‡ãʦãã ãäºã¶ªì, ‚ããâÀãä¼ã‡ãŠ ÀããäÍã Ôããè½ãã, ‚ãÌããä£ã, The Bank’s “Policy for Derivatives” approved by the Board
‚ããÍããñãä£ã¦ã ‚ãÌããä£ã, ¹ããèÌããè 01, ‚ãããäª)‡ãŠãñ ãä¶ã¾ãâãä¨ã¦ã ‚ããõÀ ̾ãÌããäÔ©ã¦ã ‡ãŠÀ¶ãñ ‡ãñŠ •ããñãäŒã½ã prescribes risk parameters to control and manage market risk
½ãã¶ãªâ¡ãò ‡ãŠãñ ãä¶ã£ããÃãäÀ¦ã ‡ãŠÀ¦ããè Öõ. ¾ãÖ ¶ããèãä¦ã ØãÆãև㊠¹ãã¨ã¦ãã ½ãã¶ãªâ¡ (¨ãɥ㠹ãã¨ã¦ãã ãä¶ã£ããÃÀ¥ã, (cut-loss triggers, open position limits, duration, modified
duration, PV01 etc.). The policy also prescribes customer
Ôã½¹ã‡ãÊ ‚ãÌããä£ã ‚ãããäª); ¼ããè ãä¶ã£ããÃãäÀ¦ã ‡ãŠÀ¦ããè Öö. ¹ãÆãä¦ã¹ãàããò ´ãÀã ƒ¶ã ½ãã¶ãªâ¡ãò ‡ãŠãñ ¹ãîÀã eligibility criteria (credit rating, tenure of relationship etc.); credit
‡ãŠÀ¶ãñ, ºã㣾ã¦ãã‚ããò ‡ãŠã ¹ããÊã¶ã ‡ãŠÀ¶ãñ ‡ãŠñ ªããä¾ã¦Ìã ‡ãŠãñ £¾ãã¶ã ½ãò ÀŒã¦ãñ Öì† Ôã½ãìãäÞã¦ã ¹ãÆãä¦ã¹ãàããè risk is controlled by entering into derivative transactions only
¨ãÉ¥ã - Ôããè½ãã ãä¶ã£ããÃãäÀ¦ã ‡ãŠÀ¶ãñ ¦ã©ãã ¹ãƦ¾ãñ‡ãŠ ¹ãÆãä¦ã¹ãàã Ôãñ ‚ãテÔã¡ãè† ‡ãŠÀãÀ ‡ãŠÀã¶ãñ ¹ãÀ with counterparties satisfying these criteria, setting appropriate
Öãè ¡ñÀãèÌãñãä›Ìã Êãñ¶ãªñ¶ã ‡ãŠÀ‡ãñŠ ¨ãɥ㠕ããñãäŒã½ã ¹ãÀ ãä¶ã¾ãâ¨ã¥ã ãä‡ãŠ¾ãã •ãã¦ãã Öõ. counterparty exposure limits taking into accountability to honour
obligations and entering into ISDA agreements with each
iii. ƒ¶ã ¨ãÉ¥ã - •ããñãäŒã½ããò ‡ãñŠ ‡ãìŠÍãÊã ¹ãƺãâ£ã¶ã ‡ãŠã ÔãÌãóàã¥ã ºãö‡ãŠ ‡ãŠãè ‚ãããäÔ¦ã-ªñ¾ã¦ãã counterparty.
¹ãƺãâ£ã¶ã Ôããä½ããä¦ã (††ÊãÔããè‚ããñ) ‡ãŠÀ¦ããè Öõ. ºãö‡ãŠ ‡ãñŠ ‡ãŠãñÓã ‡ãŠã ½ã£¾ã-‡ãŠã¾ããÃÊã¾ã ‚ããõÀ iii. The Asset Liability Management Committee (ALCO) of the Bank
•ããñãäŒã½ã ãä¶ã¾ãâ¨ã¥ã (†½ã‚ããñ‚ããÀÔããè) ãäÌã¼ããØã, Ìã¦ãýãã¶ã ½ãò ºãã•ããÀ •ããñãäŒã½ã ¹ãƺãâ£ã¶ã oversees efficient management of these risks. The Bank’s Market
ãäÌã¼ããØã (†½ã‚ããÀ†½ã¡ãè), ¡ñÀãèÌãñãä›Ìã Êãñ¶ãªñ¶ã Ôãñ Ô㽺㮠ºãã•ããÀ •ããñãäŒã½ã ‡ãŠã ÔÌã¦ãâ¨ã Risk Management Department (MRMD), independently
Á¹ã Ôãñ ‚ããä¼ããä¶ã£ããÃÀ¥ã, ‚ãã‡ãŠÊã¶ã, ãä¶ã¾ãâ¨ã¥ã ‡ãŠÀ¦ãã Öõ, ƒ¶ã •ããñãäŒã½ããò ‡ãŠãñ ãä¶ã¾ãâãä¨ã¦ã identifies measures and monitors market risk associated with
derivative transactions, assists ALCO in controlling and
†Ìãâ ̾ãÌããäÔ©ã¦ã ‡ãŠÀ¶ãñ ½ãò ‚ãããäԦ㠪ñ¾ã¦ãã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã (††ÊãÔããè‚ããñ) ‡ãŠãè ÔãÖã¾ã¦ãã managing these risks and reports compliance with policy
‡ãŠÀ¦ãã Öõ ¦ã©ãã ºããñ¡Ã ‡ãŠãè •ããñãäŒã½ã ¹ãƺãâ£ã¶ã Ôããä½ããä¦ã (‚ããÀ†½ãÔããèºããè) ‡ãŠãñ ãä¶ã£ããÃãäÀ¦ã prescriptions to the Risk Management Committee of the Board
¶ããèãä¦ã ‡ãñŠ ‚ã¶ãì¹ããÊã¶ã ‡ãŠãè ãä¶ã¾ããä½ã¦ã ‚ãâ¦ãÀãÊã ¹ãÀ ãäÀ¹ããñ›Ã ‡ãŠÀ¦ãã Öõ. (RMCB) at regular intervals.
iv. ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ ãäªÍãã-ãä¶ãªóÍããò ‡ãñŠ ‚ã¶ãìÔããÀ ¡ñÀãèÌãñãä›ÌÔã ‡ãŠñ ãäÊㆠÊãñŒãã ¶ããèãä¦ã iv. The accounting policy for derivatives has been drawn-up in
accordance with RBI guidelines.
¦ãõ¾ããÀ ‡ãŠãè ØãƒÃ Öõ.

117

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Œã) ½ãã¨ã㦽ã‡ãŠ ¹ãƇ㊛ãè‡ãŠÀ¥ã : B) Quantitative Disclosures :

‰ãŠ½ã Ôãâ ãäÌãÌãÀ¥ã ½ãì³ã ¡ñÀãèÌãñãä›ÌÔã º¾ãã•ã ªÀ ¡ñÀãèÌãñãä›ÌÔã

Sr. No. Particulars Currency Derivatives Interest Rate Derivatives
ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãÃ
Current Year Previous Year Current Year Previous Year
(i) ¡ñÀãèÌãñãä›ÌÔã (‚ãã¶ãì½ãããä¶ã‡ãŠ ½ãîÊã ÀããäÍã)
Derivatives (Notional Principal Amount)
‡ãŠ/a) ¹ãÆãä¦ãÀàãã ‡ãñŠ ãäÊㆠ/ For hedging 1631.21 - 11201.98 7428.99
Œã/b) ̾ãã¹ããÀ ‡ãñŠ ãäÊㆠ/ For trading 214446.76 49938.77 144726.44 179181.71
(ii) ºãã•ããÀ ‡ãñŠ ºãÖãè- ½ãîʾ㠇ãñŠ ‚ã¶ãìÔããÀ ‚ãâãä‡ãŠ¦ã ãäÔ©ããä¦ã
Marked to Market Positions
‡ãŠ/a) ‚ãããäÔ¦ã / Asset 3705.16 21.72 414.73 162.11
Œã/b) ªñ¾ã¦ãã / Liability 37.43 - 463.89 108.79
(iii) •ã½ãã ¨ãɥ㠕ããñãäŒã½ã / Credit Exposure 10574.55 1517.60 2671.73 3059.23
(iv) º¾ãã•ã ªÀ (100* ¹ããèÌããè 01)
½ãò †‡ãŠ ¹ãÆãä¦ãÍã¦ã ¹ããäÀÌã¦ãö㠇ãŠã Ôãâ¼ãã̾㠹ãƼããÌã
Likely impact of one percentage change
in interest rate (100* PV01)
‡ãŠ/a) ¹ãÆãä¦ãÀàãã ¡ñÀãèÌãñãä›ÌÔã ¹ãÀ / on hedging derivatives (11.56) - 205.32 141.99
Œã/b) ̾ãã¹ããÀ ¡ñÀãèÌãñãä›ÌÔã ¹ãÀ / on trading derivatives 63.03 0.04 20.52 -3.38
v) ÌãÓãà ‡ãñŠ ªãõÀã¶ã ‚ã¶ãì¹ããÊã¶ã ãä‡ãŠ† Øㆠ100* ¹ããèÌããè 01 ‡ãŠã ‚ããä£ã‡ãŠ¦ã½ã †Ìãâ ¶¾ãî¶ã¦ã½ã
Maximum and Minimum of 100* PV 01
observed during the year
‡ãŠ/a) ¹ãÆãä¦ãÀàãã ¹ãÀ / on hedging (7.45) & (13.32) - 231.79 & 89.36 12.85 & - 0.24
Œã/b) ̾ãã¹ããÀ ¹ãÀ / on trading 94.57 & 3.99 -0.65 & -0.23 42.65 &1.75 40.82 & -4.12

Üã) •ãÖãú ‚ãâ¦ããä¶ãÃãä֦㠂ãããäÔ¦ã/ªñ¾ã¦ãã ‡ãŠãñ ºãã•ããÀ-ºãÖãè ½ãîʾ㠇ãñŠ ‚ã¶ãìÔããÀ ‚ãâãä‡ãŠ¦ã ¶ãÖãé ãä‡ãŠ¾ãã Øã¾ãã Öõ „¶ã‡ãŠã d) The outstanding derivatives used for hedging where the underlying
½ãîʾã Á.12833.19 ‡ãŠÀãñü¡ Öõ ÌãÖãú ¡ñÀãèÌãñãä›ÌÔã ‡ãŠãñ ¹ãÆãä¦ãÀàãã ‡ãñŠ ãäÊㆠ„¹ã¾ããñØã ãä‡ãŠ¾ãã Øã¾ãã Öõ assets/liabilities have not been marked to market amounts to
Rs. 12833.19 crore and there is no loss in the mark to market value of
‚ããõÀ ƒÔã ¡ñÀãèÌãñãä›ÌÔã ¹ããñ›Ã¹ãŠãñãäÊã¾ããò ‡ãñŠ ºãã•ããÀ-ºãÖãè ½ãîʾ㠽ãò ‡ãŠãñƒÃ Öããä¶ã ¶ãÖãé ÖìƒÃ Öõ. this derivative portfolio.
18.6 ‚ãããäÔ¦ã - Øãì¥ãÌã§ãã 18.6 Asset Quality
(‡ãŠ) ‚ã¶ã•ãÇ㊠‚ãããäÔ¦ã¾ããù a) Non-Performing Asset
ãäÌãÌãÀ¥ã 31 ½ããÞãà 2008 31 ½ããÞãà 2007 Particulars As at As at
‡ãŠãè ãäÔ©ããä¦ã ‡ãŠãè ãäÔ©ããä¦ã 31-Mar-2008 31-Mar-2007
‡ãñŠ ‚ã¶ãìÔããÀ ‡ãñŠ ‚ã¶ãìÔããÀ i) Net NPAs to Net Advances (%) 1.78% 1.56%
i) ‡ãìŠÊã ‚ããäØãƽããñ ‡ãŠãè ãä¶ãÌãÊã ‚ã¶ã•ãÇ㊠‚ãããäÔ¦ã¾ããú (%) 1.78% 1.56% ii) Movement of NPAs (Gross)
ii) ‚ã¶ã•ãÇ㊠‚ãããäÔ¦ã¾ããò ‡ãŠã „¦ããÀ-Þãü¤ãÌã (‡ãìŠÊã) (a) Opening balance 9998.22 9628.14
(‡ãŠ) ‚ã©ãÍãñÓã 9998.22 9628.14 (b) Additions during the year 7899.04 4963.87
(Œã) ÌãÓãà ‡ãñŠ ªãõÀã¶ã ¹ããäÀÌã£ãöã 7899.04 4963.87 (c) Reductions during the year 5059.92 4593.79
(Øã) ÌãÓãà ‡ãñŠ ªãõÀã¶ã ‡ãŠ½ããè 5059.92 4593.79 (d) Closing balance 12837.34 9998.22
(Üã) ƒãä¦ã ÍãñÓã 12837.34 9998.22 iii) Movement of Net NPAs

iii) ãä¶ãÌãÊã ‚ã¶ã•ãÇ㊠‚ãããäÔ¦ã¾ããò ‡ãŠã „¦ããÀ-Þãü¤ãÌã (a) Opening balance 5257.72 4911.41

(‡ãŠ) ‚ã©ã ÍãñÓã 5257.72 4911.41 (b) Additions during the year 5063.06 3538.50
(c) Reductions during the year 2896.45 3192.19
(Œã) ÌãÓãà ‡ãñŠ ªãõÀã¶ã ¹ããäÀÌã£ãöã 5063.06 3538.50
(d) Closing balance 7424.33 5257.72
(Øã) ÌãÓãà ‡ãñŠ ªãõÀã¶ã ‡ãŠ½ããè 2896.45 3192.19
iv) Movement of provisions for NPAs
(Üã) ƒãä¦ã ÍãñÓã 7424.33 5257.72
(a) Opening balance 4740.50 4716.73
iv) ‚ã¶ã•ãÇ㊠‚ãããäÔ¦ã¾ããò ‡ãñŠ ¹ãÆãÌã£ãã¶ããò ‡ãŠã „¦ããÀ-Þãü¤ãÌã
(b) Provisions made during the year 2835.98 1425.37
(‡ãŠ) ‚ã©ã ÍãñÓã 4740.50 4716.73 (c) Write-off / write-back of excess provisions 2163.47 1401.60
(Œã) ÌãÓãà ‡ãñŠ ªãõÀã¶ã ãä‡ãŠ† Øㆠ¹ãÆãÌã£ãã¶ã 2835.98 1425.37 (d) Closing balance 5413.01 4740.50
(Øã) ‚ããä¦ããäÀ‡ã‹¦ã ¹ãÆãÌã£ãã¶ããò ‡ãŠã ‚ã¹ãÊãñŒã¶ã / ¹ãÆãä¦ãÊãñŒã¶ã 2163.47 1401.60
(Üã) ƒãä¦ã ÍãñÓã 5413.01 4740.50

118

C118 K118
 Œã) ¹ãì¶ãÔãÄÀÞã¶ãã ‡ãñŠ ‚ã£ããè¶ã ¨ãɥ㠂ãããäÔ¦ã¾ããò ‡ãŠã º¾ããñÀã
b) Details of Loan Assets subjected to Restructuring
½ãªò / Particulars Œãã¦ããò ‡ãŠãè ‡ãŠãÀ¹ããñÀñ› ¨ãɥ㠹ãì¶ãÔãÄÀÞã¶ãã Ôããè¡ãè‚ããÀ ‡ãñŠ ‚ãâ¦ãØãæã ÊãÜãì ‚ããõÀ ½ã£¾ã½ã Ôããè¡ãè‚ããÀ ‚ããõÀ †ÔㆽãƒÃ ¾ããñØã
Ôã⌾ãã (Ôããè¡ãè‚ããÀ) ¾ããñ•ã¶ãã „¦Ôããä•ãæã ÀããäÍã „²ã½ã ¾ããñ•ã¶ãã ‡ãñŠ ‚ã£ããè¶ã (Œã) ¾ããñ•ã¶ãã ‡ãñŠ ‚ãÊããÌãã (Øã) Total
(Ôããè¡ãè‚ããÀ) ‡ãñŠ ‚ã£ããè¶ã (‡ãŠ ) Amount sacrificed Under Small & Other than under ‡ãŠ + Œã + Øã
No. of Under Corporate under CDR Medium CDR & SME A+B+C
A/cs. Debt Restructuring Enterprises Scheme(C)
(CDR) (CDR) Scheme (A) Scheme (B)
i) ¹ãì¶ãÔãÄÀÞã¶ãã, ¹ãì¶ããä¶ããããÃÀ¥ã, ¹ãì¶ã:¹ãÀ‰ãŠã½ã¥ã ‡ãñŠ ‚ã£ããè¶ã
¨ãɥ㠂ãããäÔ¦ã¾ããò ‡ãŠãè ‡ãìŠÊã ÀããäÍã
Total amount of loan assets subjected
to restructuring, rescheduling, 32 322.54 5.02 52.89 1045.97 1421.40
renegotiation (13) (78.52) (11.37) (327.76) (488.66) (894.94)
(ii) ¹ãì¶ãÔãÄÀÞã¶ãã, ¹ãì¶ããä¶ããããÃÀ¥ã, ¹ãì¶ã:¹ãÀ‰ãŠã½ã¥ã ‡ãñŠ ‚ã£ããè¶ã
½ãã¶ã‡ãŠ ‚ãããäÔ¦ã¾ããò ‡ãŠãè ÀããäÍã
The amount of Standard Assets
subjected to restructuring, rescheduling, 25 288.53 2.99 18.88 1019.45 1326.86
renegotiation (11) (31.35) (11.37) (267.35) (327.02) (625.72)
(iii) ¹ãì¶ãÔãÄÀÞã¶ãã, ¹ãì¶ããä¶ããããÃÀ¥ã,
¹ãì¶ã: ¹ãÀ‰ãŠã½ã¥ã ‡ãñŠ ‚ã£ããè¶ã ‚ãÌã½ãã¶ã‡ãŠ ‚ãããäÔ¦ã¾ããò ‡ãŠãè ÀããäÍã
The amount of Sub-Standard Assets
subjected to restructuring, rescheduling, 5 26.09 1.90 0.04 26.02 52.15
renegotiation (0) (0) (0) (30.84) (44.68) (75.52)
(iv) ¹ãì¶ãÔãÄÀÞã¶ãã, ¹ãì¶ããä¶ããããÃÀ¥ã,
¹ãì¶ã: ¹ãÀ‰ãŠã½ã¥ã ‡ãñŠ ‚ã£ããè¶ã ÔãâãäªØ£ã ‚ãããäÔ¦ã¾ããò ‡ãŠãè ÀããäÍã
The amount of Doubtful Assets
subjected to restructuring, rescheduling, 2 7.92 0.14 33.97 0.5 42.39
renegotiation (2) (47.17) (0) (29.57) (116.96) (193.7)

Øã) ‚ãããäԦ㠹ãì¶ããä¶ãýããå㠇ãñŠ ãäÊㆠ¹ãÆãä¦ã¼ãîãä¦ã‡ãŠÀ¥ã ‡ã⊹ã¶ããè (†ÔãÔããè) / ¹ãì¶ããä¶ãýããå㠇ã⊹ã¶ããè (‚ããÀÔããè) ‡ãŠãñ c) Details of financial assets sold to Securitisation Company (SC) /
ãäºã‰ãŠãè ‡ãŠãè ØãƒÃ ãäÌã§ããè¾ã ‚ãããäÔ¦ã¾ããò ‡ãŠã º¾ããñÀã Reconstruction Company (RC) for Asset Reconstruction
ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà Particulars Current Year Previous Year
i) No. of Accounts 2 90
i) Œãã¦ããò ‡ãŠãè Ôã⌾ãã 2 90
ii) Aggregate value (net of provisions)
ii) ¹ãÆãä¦ã¼ãîãä¦ã‡ãŠÀ¥ã ‡ã⊹ã¶ããè / ¹ãì¶ããä¶ãýããå㠇ã⊹ã¶ããè (†ÔãÔããè/‚ããÀÔããè) ‡ãŠãñ
of accounts sold to SC/RC 16.61 19.62
ãäºã‰ãŠãè ãä‡ãŠ† ØㆠŒãã¦ããñ ‡ãŠã ‡ãìŠÊã ½ãîʾã (¹ãÆãÌã£ãã¶ã Üã›ã‡ãŠÀ) 16.61 19.62
iii) Aggregate consideration 19.87 33.00
iii) Ôã½ãØãÆ ¹ãÆãä¦ã¹ãŠÊã 19.87 33.00
iv) Additional consideration realized in
iv) ¹ãîÌãÃÌã¦ããê ÌãÓããô ½ãò ‚ãâ¦ããäÀ¦ã Œãã¦ããò ‡ãñŠ Ôãâºãâ£ã ½ãò
respect of accounts transferred in earlier years Nil Nil
¹ãÆ㹦㠂ããä¦ããäÀ‡ã‹¦ã ¹ãÆãä¦ã¹ãŠÊã ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ
v) Aggregate gain / (loss) over net book value 3.26 13.38
v) ãä¶ãÌãÊã ºãÖãè ½ãîʾã Ôãñ ‚ããä£ã‡ãŠ ‡ãìŠÊã Êãã¼ã / Öããä¶ã 3.26 13.38
Üã) ‰ãŠ¾ã ‡ãŠãè ØãƒÃ ‚ã¶ã•ãÇ㊠ãäÌã§ããè¾ã ‚ãããäÔ¦ã¾ããò ‡ãŠã º¾ããñÀã : d) Details of non-performing financial assets purchased:
Particulars Current Year Previous Year
ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãÃ
1) (a) No. of Accounts purchased
1 (‡ãŠ) ÌãÓãà ‡ãñŠ ªãõÀã¶ã ‰ãŠ¾ã ãä‡ãŠ† ØㆠŒãã¦ããò ‡ãŠãè Ôãâ. 1 ÊããØãî ¶ãÖãé during the year 1 N.A.
(Œã) ‡ãìŠÊã ºã‡ãŠã¾ãã ÀããäÍã 6.35 ÊããØãî ¶ãÖãé (b) Aggregate outstanding 6.35 N.A.
2) (‡ãŠ) ƒ¶ã½ãò Ôãñ ÌãÓãà ‡ãñŠ ªãõÀã¶ã ¹ãì¶ãÔãÄÀÞã¶ããØã¦ã Œãã¦ããò ‡ãŠãè Ôã⌾ãã ãä¶ãÀâ‡ãŠ ÊããØãî ¶ãÖãé 2) (a) Of these, number of accounts
(Œã) ‡ãìŠÊã ºã‡ãŠã¾ãã ÀããäÍã ãä¶ãÀâ‡ãŠ ÊããØãî ¶ãÖãé restructured during the year Nil N.A.
Ý) ãäºã‰ãŠãè ‡ãŠãè ØãƒÃ ‚ã¶ã•ãÇ㊠ãäÌã§ããè¾ã ‚ãããäÔ¦ã¾ããò ‡ãŠã º¾ããñÀã : (b) Aggregate outstanding Nil N.A.
ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà e) Details of non-performing financial assets sold:
1) ãäºã‰ãŠãè ãä‡ãŠ† ØㆠŒãã¦ããò ‡ãŠãè Ôãâ. ãä¶ãÀâ‡ãŠ 20 Particulars Current Year Previous Year
2) ‡ãìŠÊã ºã‡ãŠã¾ãã ÀããäÍã ãä¶ãÀâ‡ãŠ 45.08 1) No. of Accounts sold Nil 20
3) ¹ãÆ㹦ã Ôã½ãØãÆ ¹ãÆãä¦ã¹ãŠÊã ãä¶ãÀâ‡ãŠ 11.61 2) Aggregate outstanding Nil 45.08
Þã) ½ãã¶ã‡ãŠ ‚ãããäÔ¦ã¾ããò ¹ãÀ ¹ãÆãÌã£ãã¶ã : 3) Aggregate consideration received Nil 11.61
ºãö‡ãŠ ´ãÀã ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ ãäªÍãã-ãä¶ãªóÍããò ‡ãñŠ ‚ã¶ãìÔããÀ ½ãã¶ã‡ãŠ ‚ãããäÔ¦ã¾ããò (¹ãì¶ãÔãÄÀÞã¶ããØã¦ã ½ãã¶ã‡ãŠ ‚ãããäÔ¦ã¾ããò
f) Provision on Standard Assets:
‡ãñŠ ãäÊㆠ¹ãÆãÌã£ãã¶ã ÔããäÖ¦ã) ¹ãÀ ãä‡ãŠ¾ãã Øã¾ãã ¹ãÆãÌã£ãã¶ã ãä¶ã½¶ãã¶ãìÔããÀ Öõ :
The Provision on Standard Assets (including provision for restructured standard
ãäÌãÌãÀ¥ã 31 ½ããÞãà 2008 31 ½ããÞãà 2007 assets) held by the Bank in accordance with RBI guidelines is as under:
‡ãŠãè ãäÔ©ããä¦ã ‡ãŠãè ãäÔ©ããä¦ã Particulars As at As at
‡ãñŠ ‚ã¶ãìÔããÀ ‡ãñŠ ‚ã¶ãìÔããÀ 31-Mar-2008 31-Mar-2007
½ãã¶ã‡ãŠ ‚ãããäÔ¦ã¾ããò ‡ãñŠ ãäÊㆠãä‡ãŠ† Øㆠ¹ãÆãÌã£ãã¶ã 2252.87 1713.93 Provision towards Standard Assets 2252.87 1713.93

119

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œ) ̾ãÌãÔãã¾ã ‚ã¶ãì¹ãã¦ã : g) Business Ratios
Particulars Current Year Previous Year
ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãÃ
i. Interest Income as a percentage to
i. ‡ãŠã¾ãÃÍããèÊã ãä¶ããä£ã¾ããò ‡ãŠãè ¦ãìÊã¶ãã ½ãò º¾ãã•ã ‚ãã¾ã ‡ãŠã ¹ãÆãä¦ãÍã¦ã 7.32% 7.34% Working Funds 7.32% 7.34%
ii. ‡ãŠã¾ãÃÍããèÊã ãä¶ããä£ã¾ããò ‡ãŠãè ¦ãìÊã¶ãã ½ãò º¾ãã•ãñ¦ãÀ ‚ãã¾ã ‡ãŠã ¹ãÆãä¦ãÍã¦ã 1.30% 1.07% ii. Non-interest income as a percentage to
Working Funds 1.30% 1.07%
iii. ‡ãŠã¾ãÃÍããèÊã ãä¶ããä£ã¾ããò ‡ãŠãè ¦ãìÊã¶ãã ½ãò ¹ããäÀÞããÊã¶ã Êãã¼ã ‡ãŠã ¹ãÆãä¦ãÍã¦ã 1.96% 1.86% iii. Operating Profit as a percentage to
iv. ‚ãããäÔ¦ã¾ããò ¹ãÀ ¹ãÆãä¦ãÊãã¼ã 1.01% 0.84% Working Funds 1.96% 1.86%
v. ¹ãÆãä¦ã ‡ãŠ½ãÃÞããÀãè ̾ãÌãÔãã¾ã iv. Return on Assets 1.01% 0.84%
v. Business (Deposits plus advances)
(•ã½ããÀããäÍã¾ããú †Ìãâ ‚ããäØãƽ㠕ããñü¡‡ãŠÀ) (Á. Ö•ããÀ ½ãò) 45600 35700 per employee (Rs. in thousands) 45600 35700
vi. ¹ãÆãä¦ã ‡ãŠ½ãÃÞããÀãè Êãã¼ã (Á. Ö•ããÀ ½ãò) 372.57 236.81 vi. Profit per employee (Rs. in thousands) 372.57 236.81
•ã) ‚ãããäԦ㠪ñ¾ã¦ãã ¹ãƺãâ£ã¶ã : •ãõÔãã ãä‡ãŠ ¹ãƺãâ£ã¶ã ´ãÀã Ôãâ‡ãŠãäÊã¦ã ãä‡ãŠ¾ãã Öõ ‚ããõÀ ÊãñŒãã ¹ãÀãèàã‡ãŠãò ¶ãñ ƒ¶Öò ÔÌããè‡ãŠãÀ ãä‡ãŠ¾ãã Öõ. / Asset Liability Management : As compiled by the Management and relied upon by the Auditors.
31 ½ããÞãà 2008 ‡ãŠãè ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ‚ãããäÔ¦ã¾ããò ‚ããõÀ ªñ¾ã¦ãã‚ããò ‡ãŠãè ‡ã슜 ½ãªãò ‡ãŠãè ¹ããäÀ¹ã‡ã‹Ìã¦ãã ‡ãŠã ÔÌãÁ¹ã
h) Maturity pattern of certain items of assets and liabilities as at 31st March 2008
14 ã䪶㠦ã‡ãŠ 15 Ôãñ 28 ã䪶ã 29 ã䪶ã Ôãñ 3 ½ããÔã 3 ½ããÔã Ôãñ ‚ããä£ã‡ãŠ 6 ½ããÔã Ôãñ ‚ããä£ã‡ãŠ 1 ÌãÓãà Ôãñ ‚ããä£ã‡ãŠ 3 ÌãÓãà Ôãñ ‚ããä£ã‡ãŠ 5 ÌãÓãà Ôãñ ‚ããä£ã‡ãŠ ¾ããñØã
Upto 14 days 15 to 28 days 29 days to ãä‡ã⊦ãì 6 ½ããÔã ¦ã‡ãŠ ãä‡ã⊦ãìì 1 ÌãÓãà ¦ã‡ãŠ ãä‡ã⊦ãì 3 ÌãÓãà ¦ã‡ãŠ ãä‡ã⊦ãìì 5 ÌãÓãà ¦ã‡ãŠ Over 5 years TOTAL
3 months Over 3 months Over 6 months Over 1 year & Over 3 years &
& upto 6 months & upto 1year upto 3 years upto 5 years
•ã½ããÀããäÍã¾ããú *
Deposits 66386.15 6317.86 22983.65 25871.69 36525.64 118495.71 93357.76 167465.48 537,403.94
(56990.43) (5231.58) (17980.35) (18266.34) (40393.61) (120010.53) (95365.79) (81282.46) (435521.09)
‚ããäØãƽã *
Advances 78308.83 12,467.60 12,966.63 11,380.72 15,298.44 168907.79 43,212.08 74,226.11 416,768.20
(56774.22) (5477.79) (16079.60) (15482.72) (13281.92) (144478.01) (32195.00) (53567.23) (337336.49)
ãäÌããä¶ã£ãã¶ã *
Investments 83.68 1,325.32 3,729.36 5,208.98 6,274.24 38,455.91 33,888.13 100535.65 189,501.27
(656.34) (3303.68) (9569.63) (3475.99) (2647.09) (27142.16) (21411.21) (80942.78) (149148.88)
„£ããÀ-ÀããäÍã¾ããú *
Borrowings 11,629.39 5,726.92 15,887.11 4,142.76 7,130.49 5,860.76 771.99 577.99 51,727.41
(9466.58) (1658.72) (8519.72) (4361.37) (3579.61) (5304.65) (5579.20) (1233.48) (39703.33)
ãäÌãªñÍããè ½ãì³ã ‚ãããäÔ¦ã¾ããú *
Foreign 29,826.39 9,739.96 4,285.54 4,120.29 4,406.49 8,034.06 7,861.81 11,056.80 79,331.34
Curency Assets * (25077.27) (3495.20) (12064.98) (10498.96) (5345.62) (10942.91) (7867.62) (3925.82) (79218.38)
ãääÌãªñÍããè ½ãì³ã ªñ¾ã¦ãã†ú
Foreign Currency 16,335.17 8,157.90 17,578.48 7,513.62 13,431.40 11,628.58 2,603.73 1,301.36 78,550.24
Liabilties (16643.24) (5457.66) (17742.00) (9268.26) (10215.19) (11007.09) (6207.31) (1573.32) (78114.07)
(‡ãŠãñÓŸ‡ãŠãò ½ãò ã䪆 Øㆠ‚ããâ‡ãŠü¡ñ 31 ½ããÞãà 2007 ‡ãñŠ Öö )
Figures in brackets are as at 31st March 2007
`1 ã䪶ã' ‚ããõÀ `2 Ôãñ 7 ã䪶ã' ¦ã©ãã `8 Ôãñ 14 ã䪶ã' Ôãñ Ô㽺㮠‚ããâ‡ãŠü¡ãâñ ‡ãŠã ¹ãð©ã‡ãŠ Ôãâ‡ãŠÊã¶ã ¶ãÖãé ãä‡ãŠ¾ãã Øã¾ãã Öõ./Data has not been compiled for the bucket ‘1 Day’ and ‘2 to 7 days’ and ‘8 to 14’ days separately.
ºãö‡ãŠ ¶ãñ ŒãìªÀã •ã½ããÀããäÍã¾ããò, ºãÞã¦ã ºãö‡ãŠ •ã½ããÀããäÍã¾ããò, ÞããÊãî Œãã¦ãã •ã½ããÀããäÍã¾ããò, ¶ã‡ãŠªãè ¨ãÉ¥ããò ‚ããõÀ ½ããâØã ¨ãÉ¥ããò ‡ãŠã ãäÌããä¼ã¸ã ¹ããäÀ¹ã‡ãŠ‡ã‹Ìã¦ãã Ñãñãä¥ã¾ããò ½ãò ¹ãƇ㊛ãè‡ãŠÀ¥ã ¶ãÖãé ãä‡ãŠ¾ãã Öõ.
The bank has not disclosed retail deposits, saving Bank deposits, current deposits, cash credit and demand loans under different maturity buckets.

18.7 ¨ãÉ¥ã-•ããñãäŒã½ã Ôãñ Ôãâºãâãä£ã¦ã àãñ¨ã : 18.7 Exposures

ºãö‡ãŠ „¶ã àãñ¨ããò ‡ãŠãñ ¨ãɥ㠹ãƪã¶ã ‡ãŠÀ ÀÖã Öõ, ãä•ã¶ã‡ãñŠ ‚ãããäԦ㠽ãîʾ㠽ãò „¦ããÀ-Þãü¤ãÌã Öãñ¦ãã ÀÖ¦ãã Öõ. Ô©ããÌãÀ The Bank has lending to sectors which are sensitive to asset price fluctuations.
These sensitive sectors are real estate and capital markets.
Ôãâ¹ãªã ‚ããõÀ ¹ãîâ•ããè ºãã•ããÀ ‡ãñŠ àãñ¨ã †ñÔãñ Öãè ‚ããäÔ©ãÀ àãñ¨ã Öö. a) Real Estate Sector
‡ãŠ. Ô©ããÌãÀ Ôãâ¹ãªã àãñ¨ã
Particulars As at As at
ãäÌãÌãÀ¥ã 31 ½ããÞãà 2008 31 ½ããÞãà 2007 31-Mar-2008 31-Mar-2007
‡ãŠãè ãäÔ©ããä¦ã ‡ãŠãè ãäÔ©ããä¦ã
Direct exposure
‡ãñŠ ‚ã¶ãìÔããÀ ‡ãñŠ ‚ã¶ãìÔããÀ i) Residential Mortgages 42116.80 33412.29
‡ãŠ) ¹ãƦ¾ãàã ¨ãÉ¥ã-•ããñãäŒã½ã - Of which individual housing
i) ‚ããÌããÔããè¾ã ºãâ£ã‡ãŠ 42116.80 33412.29 loans up to Rs.15 Lakhs 33103.18* 26851.28
ii) Commercial Real Estate 11958.38 6264.55
ãä•ã¶ã½ãò Ôãñ Á.15 ÊããŒã ¦ã‡ãŠ ‡ãñŠ ̾ããä‡ã‹¦ãØã¦ã ‚ããÌããÔã ¨ãÉ¥ã'' 33103.18 26851.28 iii) Investments in Mortgage Backed
ii) Ìãããä¥ãã䕾ã‡ãŠ Ô©ããÌãÀ Ôãâ¹ãªã 11958.38 6264.55 Securities (MBS) and other
iii) ºãâ£ã‡ãŠ Ôã½ããä©ãæ㠹ãÆãä¦ã¼ãîãä¦ã¾ããò (†½ãºããè†Ôã) ¦ã©ãã securitised exposures:
‚㶾㠹ãÆãä¦ã¼ãîãä¦ã‡ãðŠ¦ã ¨ãÉ¥ã-•ããñãäŒã½ããò ½ãò ãäÌããä¶ã£ãã¶ã : Residential - -
‚ããÌããÔããè¾ã - - Commercial Real Estate - 0.08
Ìãããä¥ãã䕾ã‡ãŠ Ô©ããÌãÀ Ôãâ¹ãªã - 0.08 Indirect Exposure
Fund based and non-fund based
‚ã¹ãƦ¾ãàã ¨ãÉ¥ã-•ããñãäŒã½ã exposures on National Housing Bank
ÀãÓ›Èãè¾ã ‚ããÌããÔã ºãö‡ãŠ (†¶ã†Þãºããè) ¦ã©ãã ‚ããÌããÔã ãäÌã§ããè¾ã ‡ã⊹ããä¶ã¾ããò (NHB) and Housing Finance
(†ÞㆹãŠÔããè) ½ãò ãä¶ããä£ã ‚ãã£ãããäÀ¦ã ‚ããõÀ ØãõÀ-ãä¶ããä£ã ‚ãã£ãããäÀ¦ã ¨ãÉ¥ã-•ããñãäŒã½ã 3,795.36 1044.21 Companies (HFCs) 3,795.36 1044.21
¾ããñØã 57,870.54 40721.13 Total 57,870.54 40721.13
* ƒ¶ã ‚ããâ‡ãŠü¡ãò Ôãñ ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ ãäªÍãã-ãä¶ãªóÍããò ‡ãñŠ ‚ãâ¦ãØãæ㠂ã¹ãñãäàã¦ã Á.15 ÊããŒã ¦ã‡ãŠ ‡ãñŠ Ìãõ¾ããä‡ã‹¦ã‡ãŠ * The data has been reported for individual housing loan upto Rs.20 Lakhs as
‚ããÌããÔã - ¨ãÉ¥ããò ‡ãñŠ ºãªÊãñ Á.20 ÊããŒã ¦ã‡ãŠ ‡ãñŠ ‚ããÌããÔã-¨ãÉ¥ããò ‡ãñŠ Ôãâºãâ£ã ½ãò ÔãîÞã¶ãã ãä½ãÊã¦ããè Öõ. against Rs. 15 Lakhs as required by the RBI guidelines.

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Œã). ¹ãîâ•ããè ºãã•ããÀ b) Capital Market
ãäÌãÌãÀ¥ã 31 ½ããÞãà 2008 ‡ãŠãè 31 ½ããÞãà 2007 ‡ãŠãè Particulars As at As at
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ 31-Mar-2008 31-Mar-2007
1) ƒãä‡ãŠÌã›ãè Íãñ¾ãÀãò, ¹ããäÀÌã¦ãöãÍããèÊã ºãã¡ãò, ¹ããäÀÌã¦ãöãÍããèÊã 1) Direct investment in equity shares,
convertible bonds, convertible debentures
ã䡺ãòÞãÀãò ¦ã©ãã ƒãä‡ã‹Ìã›ãè Ô㽺㮠½¾ãîÞ¾ãì‚ãÊã ¹ã⊡ãò ‡ãŠãè
and units of equity-oriented mutual funds
¾ãîãä¶ã›ãò ½ãò - †ñÔãñ ¹ãƦ¾ãàã ãäÌããä¶ã£ãã¶ã ãä•ã¶ã‡ãŠãè ÀããäÍã ‡ãŠã the corpus of which is not exclusively
ãäÔã¹ãÊ ‡ãŠãÀ¹ããñÀñ›-¨ãɥ㠽ãò ãäÌããä¶ã£ãã¶ã ¶ãÖãé ãä‡ãŠ¾ãã Øã¾ãã Öõ, 5,352.53 2766.89 invested in corporate debt. 5,352.53 2766.89
2) Íãñ¾ãÀãò/ºããâ¡ãò/ã䡺ãòÞãÀãò ¾ã㠂㶾㠹ãÆãä¦ã¼ãîãä¦ã ‡ãñŠ ãäÌãÁ® ã䪆 2) Advances against shares / bonds /
Øㆠ¨ãɥ㠂ã©ãÌãã Íãñ¾ãÀãò (‚ãヹããè‚ããñ/ƒ†Ôã‚ããñ¹ããè ÔããäÖ¦ã) debentures or other securities or on
¹ããäÀÌã¦ãöãÍããèÊã ºãã¡ãò, ¹ããäÀÌã¦ãöãÍããèÊã ã䡺ãòÞãÀãò ¦ã©ãã ƒãä‡ã‹Ìã›ãè clean basis to individuals for investment
Ô㽺㮠½¾ãîÞ¾ãì‚ãÊã ¹ã⊡ãò ‡ãŠãè ¾ãîãä¶ã›ãò ½ãò ãäÌããä¶ã£ãã¶ã ‡ãñŠ ãäÊㆠin shares (including IPOs/ESOPs),
ºãñ•ã½ãã¶ã¦ããè (‡ã‹Êããè¶ã) ‚ãã£ããÀ ¹ãÀ ̾ããä‡ã‹¦ã¾ããò ‡ãŠãñ ã䪆 Øㆠ‚ããäØãƽã 367.47 317.70 convertible bonds, convertible debentures,
3) ãä‡ãŠÔããè ‚ã¶¾ã ¹ãƾããñ•ã¶ã ‡ãñŠ ãäÊㆠ‚ããäØãƽ㠕ãÖãú Íãñ¾ãÀãò ‚ã©ãÌãã and units of equity-oriented mutual funds. 367.47 317.70
¹ããäÀÌã¦ãöãÍããèÊã ºããâ¡ãò ‚ã©ãÌãã ¹ããäÀÌã¦ãöãÍããèÊã ã䡺ãòÞãÀãò ‡ãŠãñ 3) Advances for any other purposes where
shares or convertible bonds or convertible
‚ã©ãÌãã ƒãä‡ã‹Ìã›ãè Ô㽺㮠½¾ãîÞ¾ãì‚ãÊã ¹ã⊡ ‡ãŠãè ¾ãîãä¶ã›ãò
debentures or units of equity oriented
‡ãŠãñ ¹ãÆã©ããä½ã‡ãŠ ¹ãÆãä¦ã¼ãîãä¦ã ‡ãñŠ Á¹ã ½ãò ãäÊã¾ãã Øã¾ãã Öõ. 32.38 ÊããØãî ¶ãÖãé mutual funds are taken as primary security. 32.38 N.A.
4) ãä‡ãŠÔããè ‚ã¶¾ã ¹ãƾããñ•ã¶ã ‡ãñŠ ãäÊㆠ†ñÔãñ ‚ããäØãƽ㠕ããñ Íãñ¾ãÀãò 4) Advances for any other purposes to the
‚ã©ãÌãã ¹ããäÀÌã¦ãöãÍããèÊã ºããâ¡ãò ‚ã©ãÌãã ¹ããäÀÌã¦ãöãÍããèÊã extent secured by the collateral security
ã䡺ãòÞãÀãò ‚ã©ãÌãã ƒãä‡ã‹Ìã›ãè Ô㽺㮠½¾ãîÞ¾ãì‚ãÊã ¹ã⊡ãò ‡ãŠãè of shares or convertible bonds or convertible
¾ãîãä¶ã›ãò ´ãÀã ÍãñÓã ¹ãÆãä¦ã¼ãîãä¦ã ‡ãñŠ ãäÊㆠÔãâ¹ãããäÍÌãÇ㊠¹ãÆãä¦ã¼ãî¦ã debentures or units of equity oriented
Ôãñ ‚ã©ããæãá •ãÖãú Íãñ¾ãÀãò/ ¹ããäÀÌã¦ãöãÍããèÊã ºããâ¡ãò/¹ããäÀÌã¦ãöãÍããèÊã mutual funds i.e. where the primary security
ã䡺ãòÞãÀãò/ƒãä‡ã‹Ìã›ãè Ô㽺㮠½¾ãîÞ¾ãì‚ãÊã ¹ã⊡ãò ‡ãŠãè ¾ãîãä¶ã›ãò ‡ãñŠ other than shares/ convertible bonds/
‚ããä¦ããäÀ‡ã‹¦ã ¹ãÆã©ããä½ã‡ãŠ ¹ãÆãä¦ã¼ãîãä¦ã ‚ããäØãƽ㠇ãŠãè ÀããäÍã ‡ãŠãè ¹ãî¥ãà - convertible debentures/units of equity
oriented mutual funds does not fully cover
¹ãÆãä¦ã¼ãîãä¦ã ‡ãñŠ Á¹ã ½ãò ‚ã¹ã¾ããù¦ã Öõ. 45.68 ÊããØãî ¶ãÖãé
the advances. 45.68 N.A.
5) Íãñ¾ãÀ ªÊããÊããò ‡ãŠãñ ¹ãÆãä¦ã¼ãî¦ã ‚ããõÀ ‚ã¹ãÆãä¦ã¼ãî¦ã ‚ããäØãƽã 5) Secured and unsecured advances to
‚ããõÀ Íãñ¾ãÀ ªÊããÊããò †Ìãâ ºãã•ããÀ - ãä¶ã¾ãã½ã‡ãŠãò stockbrokers and guarantees issued on
(½ãã‡ãóŠ› ½ãñ‡ãŠÔãÃ) ‡ãŠãè ‚ããñÀ Ôãñ •ããÀãè ØããÀâã䛾ããú 277.37 181.90 behalf of stockbrokers and market makers. 277.37 181.90
6) ÔãâÔãã£ã¶ããò ‡ãŠãñ ºãü¤ã¶ãñ ‡ãŠãè ¹ãƦ¾ããÍãã Ôãñ ¶ãƒÃ ‡ã⊹ã¶ããè ‡ãŠãè 6) Loans sanctioned to corporates against the
ƒãä‡ã‹Ìã›ãè ½ãò ¹ãƽããñ›À ‡ãñŠ ‚ãâÍãªã¶ã ‡ãŠã ãäÖÔÔãã ¹ãîÀã ‡ãŠÀ¶ãñ security of shares/bonds/debentures or other
‡ãñŠ ãäÊㆠ‡ãŠãÀ¹ããñÀñ›ãò ‡ãŠãñ Íãñ¾ãÀãò/ºããâ¡ãò/ ã䡺ãòÞãÀãò ¾ã㠂㶾ã securities or on clean basis for meeting
¹ãÆãä¦ã¼ãîãä¦ã¾ããò ‚ã©ãÌãã ºãñ•ã½ãã¶ã¦ããè ‚ãã£ããÀ ¹ãÀ ÔãâÔÌããè‡ãðŠ¦ã ¨ãÉ¥ã 2,721.45 ÊããØãî ¶ãÖãé promoter’s contribution to the equity of new
7) ‚ã¹ãñãäàã¦ã ƒãä‡ã‹Ìã›ãè ¹ãÆÌããÖ/Íãñ¾ãÀ ãä¶ãØãýããò ‡ãñŠ Ôãã¹ãñàã companies in anticipation of raising resources. 2,721.45 N.A.
7) Bridge loans to companies against expected
‡ãŠ½¹ããä¶ã¾ããò ‡ãŠãñ ã䪆 Øㆠ¹ãîÀ‡ãŠ ¨ãÉ¥ã - ÊããØãî ¶ãÖãé
equity flows/issues. - N.A.
8) Íãñ¾ãÀãò ¾ãã ¹ããäÀÌã¦ãöãÍããèÊã ºããâ¡ãò ‚ã©ãÌãã ¹ããäÀÌã¦ãöãÍããèÊã 8) Underwriting commitments taken up by the
ã䡺ãòÞãÀãò ¾ãã ƒãä‡ã‹Ìã›ãè „¶½ãìŒã ½¾ãîÞ¾ãì‚ãÊã ¹ã⊡ãñ ‡ãŠãñ Bank in respect of primary issue of shares
¹ãÆã©ããä½ã‡ãŠ Íãñ¾ãÀ ãä¶ãØãý㠇ãñŠ Ôãâºãâ£ã ½ãò ºãö‡ãŠ ¶ãñ •ããñãäŒã½ã or convertible bonds or convertible debentures
‚ãâ‡ãŠ¶ã ‡ãŠãè ¹ãÆãä¦ãºã®¦ãã ‚ã¹ã¶ããƒÃ Öõ. - ÊããØãî ¶ãÖãé or units of equity oriented mutual funds. - N.A.
9) Íãñ¾ãÀªÊããÊããò ‡ãŠãñ ½ãããä•ãöã ̾ãã¹ããÀ ‡ãñŠ ãäÊㆠãäÌã§ã¹ããñÓã¥ã 0.20 ÊããØãî ¶ãÖãé 9) Financing to stockbrokers for margin trading. 0.20 N.A.
10) „²ã½ã - ¹ãîâ•ããè ãä¶ããä£ã¾ããò Ôãñ Ôãâºãâãä£ã¦ã ¨ãÉ¥ã - •ããñãäŒã½ã 312.72 ÊããØãî ¶ãÖãé 10) Exposures to Venture Capital Funds 312.72 N.A.
¹ãîâ•ããè ºãã•ããÀ ½ãò ‡ãìŠÊã ¨ãɥ㠕ããñãäŒã½ã 9,109.80 3266.49 Total Exposure to Capital Market 9,109.80 3266.49

Øã) ÌãØãÃÌããÀ-ªñÍãÌããÀ ¨ãÉ¥ã-•ããñãäŒã½ã : ¹ãƺãâ£ã¶ã ¶ãñ ƒ¶ã‡ãŠã Ôãâ‡ãŠÊã¶ã ãä‡ãŠ¾ãã Öõ ‚ããõÀ ÊãñŒãã¹ãÀãèàã‡ãŠãò ¶ãñ ƒ¶Öò ÔÌããè‡ãŠãÀ ãä‡ãŠ¾ãã Öõ.
¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ Ìã¦ãýãã¶ã ãäªÍãã-ãä¶ãªóÃÍããò ‡ãñŠ ‚ã¶ãìÔããÀ, ºãö‡ãŠ ‡ãñŠ ªñÍãÌããÀ ¨ãÉ¥ã-•ããñãäŒã½ã ‡ãŠã ÌãØããê‡ãŠÀ¥ã ãä¶ã½¶ã ¦ãããäÊã‡ãŠã ½ãò ÔãîÞããèºã® ãäÌããä¼ã¶¶ã •ããñãäŒã½ã ÌãØããô ½ãò ãä‡ãŠ¾ãã Øã¾ãã Öõ. ¶ãØ㥾㠕ããñãäŒã½ã Ñãñ¥ããè ÌããÊãñ ªñÍã ‡ãŠãñ œãñü¡‡ãŠÀ, ºãö‡ãŠ
‡ãŠã ªñÍãØã¦ã •ããñãäŒã½ã (‡ãìŠÊã ãä¶ããä£ã‡ãŠ) - ƒÔã‡ãŠãè ‡ãìŠÊã ¨ãɥ㠂ãããäÔ¦ã¾ããò ‡ãñŠ 1% Ôãñ ‚ããä£ã‡ãŠ ¶ãÖãé Öõ. ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ ãäªÍãã-ãä¶ãªóÍããò ‡ãñŠ ‚ã¶ãìÔããÀ Á.12.50 ‡ãŠÀãñü¡ ‡ãŠã ¹ãÆãÌã£ãã¶ã ãä‡ãŠ¾ãã Øã¾ãã Öõ.
c) Country-Risk Categorywise : As compiled by the management and relied upon by the auditors.
As per the extant RBI guidelines, the country exposure of the Bank is categorised into various risk categories listed in the following table. The country exposure (net
funded) of the Bank for any country does not exceed 1% of its total assets except to a country in insignificant risk category. Provision of Rs. 12.50 crore has been made in
accordance with RBI guidelines.

•ããñãäŒã½ã ÌãØãà ¨ãÉ¥ã-•ããñãäŒã½ã (ãä¶ãÌãÊã) ãä‡ãŠ¾ãã Øã¾ãã ¹ãÆãÌã£ãã¶ã

Risk Category Exposure (net) Provision held
31 ½ããÞãà 2008 ‡ãŠãè 31 ½ããÞãà 2007 ‡ãŠãè 31 ½ããÞãà 2008 ‡ãŠãè 31 ½ããÞãà 2007 ‡ãŠãè
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ
As at 31-Mar-2008 As at 31-Mar-2007 As at 31-Mar-2008 As at 31-Mar-2007
¶ãØ㥾ã / Insignificant 22208.55 17422.69 12.50 ãä¶ãÀâ‡ãŠ / Nil
‡ãŠ½ã / Low 5185.89 58.20.66 ãä¶ãÀâ‡ãŠ / Nil ãä¶ãÀâ‡ãŠ / Nil
Ôãã½ã㶾ã / Moderate 4713.24 6425.83 ãä¶ãÀâ‡ãŠ / Nil ãä¶ãÀâ‡ãŠ / Nil
‚ããä£ã‡ãŠ / HIgh 3314.57 3041.29 ãä¶ãÀâ‡ãŠ / Nil ãä¶ãÀâ‡ãŠ / Nil
‚㦾ããä£ã‡ãŠ / Very HIgh 1015.84 1340.10 ãä¶ãÀâ‡ãŠ / Nil ãä¶ãÀâ‡ãŠ / Nil
¹ãÆãä¦ãºãâãä£ã¦ã / ¨ãɥ㠽ãò Íãããä½ãÊã ¶ã Öãñ¶ãñ ÌããÊãñ
Restricted / Off-Credit 19.50 19.57 ãä¶ãÀâ‡ãŠ / Nil ãä¶ãÀâ‡ãŠ / Nil
¾ããñØã / Total 36457.59 34070.14 12.50 ãä¶ãÀâ‡ãŠ / Nil

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Üã) ºãö‡ãŠ ´ãÀã ‚ããä¦ã‰ãŠãä½ã¦ã †‡ãŠÊã „£ããÀ‡ãŠ§ããà ¦ã©ãã Ôã½ãîÖ „£ããÀ‡ãŠ§ããà ¨ãɥ㠕ããñãäŒã½ã Ôããè½ãã ‡ãŠã º¾ããñÀã :
d) Single Borrower and Group Borrower exposure limits exceeded by the Bank :
ºãö‡ãŠ ¶ãñ ãä¶ã½¶ããäÊããäŒã¦ã ½ãã½ãÊããò ½ãò ¾ã©ããñãäÞã¦ã Ôããè½ãã ‡ãñŠ ‚ããä¦ã‰ãŠ½ã¥ã ½ãò †‡ãŠÊã „£ããÀ‡ãŠ§ããà ¨ãÉ¥ã-•ããñãäŒã½ã ãäÊㆠ:
The Bank had taken single borrower exposure in excess of the prudential limit in the cases given below :

„£ããÀ‡ãŠ§ããà ‡ãŠã ¶ãã½ã ¨ãÉ¥ã-•ããñãäŒã½ã ‡ãŠãè „ÞÞã§ã½ã Ôããè½ãã ÔãâÔÌããè‡ãðŠ¦ã Ôããè½ãã (ÞãÀ½ã Ô¦ãÀ) Ôããè½ãã ‡ãñŠ ‚ããä¦ã‰ãŠ½ã¥ã ‡ãŠãè ‚ãÌããä£ã 31.03.08 ‡ãŠãñ ºã‡ãŠã¾ãã
Name of the Borrower Exposure ceiling Limit Sanctioned Period during which limit Outstanding
(Peak Level) exceeded as on 31.03.08

ãäÀÊãã¾ãâÔã ƒâ¡Ô›Èãè•ã ãäÊã. •ãìÊããƒÃ 2007 Ôãñ ‚ãØãÔ¦ã 2007

Reliance Industries Ltd.* 7040.04 8728.47 July 2007 to August 2007
8080.95 9422.13 ãäÔã¦ã½ºãÀ 2007 Ôãñ 30.03.2008 ¦ã‡ãŠ / September 2007 to 30.03.2008 4360.83
10589.29 9423.19 31.03.08 „ÞÞã¦ã½ã Ôããè½ãã ‡ãŠñ ¼ããè¦ãÀ / Within the ceiling on 31.03.2008
ƒâã䡾ã¶ã ‚ããù¾ãÊã ‡ãŠãÀ¹ããñÀñÍã¶ã ãäÊã. •ãìÊããƒÃ 2007 Ôãñ ‚ãØãÔ¦ã 2007
Indian Oil Corporation Ltd.* 7040.04 8321.27 July 2007 to August 2007
8080.95 10503.72 ãäÔã¦ã½ºãÀ 2007 Ôãñ 30.03.2008 ¦ã‡ãŠ / September 2007 to 30.03.2008 9345.97
10589.29 10503.72 Within the ceiling on 31.03.2008
31.03.2008 ‡ãŠãè „ÞÞã¦ã½ã Ôããè½ãã ‡ãŠñ ¼ããè¦ãÀ
** ºããñ¡Ã ‡ãñŠ ‚ã¶ãì½ããñª¶ã Ôãñ / with the approval of the Board
Ý.) ‚ã¶ãìÓãâãäØã¾ããò ‡ãŠãñ •ããÀãè Þãì‡ãŠãõ¦ããè ‚ããÍÌããÔã¶ã ¹ã¨ã: e) Letter of Comfort issued for Subsidiaries:
ºãö‡ãŠ ¶ãñ ‚ã¹ã¶ãñ ÔãÖ¾ããñãäØã¾ããò ‡ãŠãè ‚ããñÀ Ôãñ Þãì‡ãŠãõ¦ããè ‚ããÍÌããÔã¶ã ¹ã¨ã •ããÀãè ãä‡ãŠ¾ãã Öõ. 31 ½ããÞãà 2008 ‡ãŠãñ Þãì‡ãŠãõ¦ããè The Bank has issued letters of comfort on behalf of its subsidiaries. Outstanding
letters of comfort as on 31st March 2008 aggregate to Rs. 341.23 crore.
‚ããÍÌããÔã¶ã ¹ã¨ããò ‡ãŠãè ‡ãìŠÊã ºã‡ãŠã¾ãã ÀããäÍã Á.341.23 ‡ãŠÀãñü¡ ©ããè f) Withdrawal from Reserves:
Þã.) ‚ãããäÀãäàããä¦ã¾ããò Ôãñ ‚ããÖÀ¥ã During the year, the bank has withdrawn following amount from the
ÌãÓãà ‡ãñŠ ªãõÀã¶ã ºãö‡ãŠ ¶ãñ ‚ãããäÀãäàããä¦ã¾ããò Ôãñ ãä¶ã½¶ããäÊããäŒã¦ã ÀããäÍã ‚ããÖãäÀ¦ã ‡ãŠãè Öõ: Reserves:

ãäÌãÌãÀ¥ã 31½ããÞãà 2008 ‡ãŠãè ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ Particulars As at 31-Mar-2008

ÊãñŒãã ½ãã¶ã‡ãŠ 15 (ÔãâÍããñãä£ã¦ã 2005) ‡ãñŠ Ôãâ‰ãŠ½ã¥ããè¾ã Transitional liability on implementation of AS 15

(Revised 2005) 4075.64
ªããä¾ã¦Ìã ‡ãŠã ‡ãŠã¾ããöÌã¾ã¶ã 4075.64
On account of payment of drafts under reconciliation 0.10
Ôã½ãã£ãã¶ã ‡ãñŠ ‚ãâ¦ãØãæ㠡Èã¹ã‹›ãò ‡ãñŠ ¼ãìØã¦ãã¶ã ‡ãñŠ ãäÊㆠ0.10
18.8 Miscellaneous
18.8 ãäÌããäÌã£ã a) Disclosure of Penalties imposed by RBI:
‡ãŠ) ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ´ãÀã ÊãØãㆠØㆠªâ¡ãò ‡ãŠã ¹ãƇ㊛ãè‡ãŠÀ¥ã Nil (Previous year - Nil)
ãä¶ãÀâ‡ãŠ (ãä¹ãœÊãã ÌãÓãà - ãä¶ãÀâ‡ãŠ ) b) Status of customer complaints: As compiled by the Management.
Œã) ØãÆãև㊠- ãäÍã‡ãŠã¾ã¦ããò ‡ãŠãè ãäÔ©ããä¦ã : ƒ¶ã‡ãŠã Ôãâ‡ãŠÊã¶ã ¹ãƺãâ£ã¶ã ¶ãñ ãä‡ãŠ¾ãã Öõ. Particulars As at As at
31-Mar-2008 31-Mar-2007
ãäÌãÌãÀ¥ã 31½ããÞãà 2008 ‡ãŠãè 31½ããÞãà 2007 ‡ãŠãè
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ No. of complaints pending at the beginning
of the year 454 322
ÌãÓãà ‡ãñŠ ‚ããÀâ¼ã ½ãò ãäÌãÞããÀã£ããè¶ã ãäÍã‡ãŠã¾ã¦ããò ‡ãŠãè Ôã⌾ãã 454 322 No. of complaints received during the year 16461 16168
ÌãÓãà ‡ãñŠ ªãõÀã¶ã ¹ãÆ㹦ã ãäÍã‡ãŠã¾ã¦ããò ‡ãŠãè Ôã⌾ãã 16461 16168 No. of complaints redressed during the year 15885 16036
ÌãÓãà ‡ãñŠ ªãõÀã¶ã ãä¶ãÌããÀ¥ã ‡ãŠãè ØãƒÃ ãäÍã‡ãŠã¾ã¦ããò ‡ãŠãè Ôã⌾ãã 15885 16036 No. of complaints pending at the end of the year 1030 454
ÌãÓãà ‡ãñŠ ‚ãâ¦ã ½ãò ãäÌãÞããÀã£ããè¶ã ãäÍã‡ãŠã¾ã¦ããò ‡ãŠãè Ôã⌾ãã 1030 454 c) Awards passed by the Banking Ombudsman: As compiled by the Management
Øã) ºãöãä‡ãâŠØã Êããñ‡ãŠ¹ããÊã ´ãÀã ¹ãããäÀ¦ã ‚ããä£ããä¶ã¥ãþã : ƒ¶ã‡ãŠã Ôãâ‡ãŠÊã¶ã ¹ãƺãâ£ã¶ã ¶ãñ ãä‡ãŠ¾ãã Öõ. Particulars Current Previous
Year Year
ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãÃ
No. of unimplemented Awards at the beginning
ÌãÓãà ‡ãñŠ ‚ããÀâ¼ã ½ãò ‡ãŠã¾ããÃãä¶Ìã¦ã ¶ãÖãé ãä‡ãŠ† Øㆠ‚ããä£ããä¶ã¥ãþããò ‡ãŠãè Ôã⌾ãã 0 0 of the year 0 0
ÌãÓãà ‡ãñŠ ªãõÀã¶ã ºãöãä‡ãâŠØã Êããñ‡ãŠ¹ããÊã ´ãÀã ¹ãããäÀ¦ã ‚ããä£ããä¶ã¥ãþããò ‡ãŠãè Ôã⌾ãã 22 10 No. of Awards passed by the Banking Ombudsman
ÌãÓãà ‡ãñŠ ªãõÀã¶ã ‡ãŠã¾ããÃãä¶Ìã¦ã ‚ããä£ããä¶ã¥ãþããò ‡ãŠãè Ôã⌾ãã 18 10 during the year 22 10
No. of Awards implemented during the year 18 10
ÌãÓãà ‡ãñŠ ‚ãâ¦ã ½ãò ‡ãŠã¾ããÃãä¶Ìã¦ã ¶ãÖãé ãä‡ãŠ† Øㆠ‚ããä£ããä¶ã¥ãþããò ‡ãŠãè Ôã⌾ãã 4 0
No. of unimplemented Awards at the end of the year 4 0
Üã) ºãö‡ãŠ ‡ãŠãñ ‚ãã¹ãîãä¦ãÇ㊧ããÂããò Ôãñ ̾ããäÓ›, ÊãÜãì †Ìã⠽㣾ã½ã „²ã½ã ãäÌã‡ãŠãÔã ‚ããä£ããä¶ã¾ã½ã 2006 ‡ãñŠ ‚ãâ¦ãØãæã - „¶ã‡ãŠãè
d) The Bank has not received any intimation from the suppliers regarding their
ãäÔ©ããä¦ã Ôãñ Ô㽺㮠Þãîâãä‡ãŠ ‡ãŠãñƒÃ ÔãîÞã¶ãã ¹ãÆ㹦㠶ãÖãé ÖìƒÃ Öõ, ‚ã¦ã: ÌãÓãà ‡ãñŠ ‚ãâ¦ã ½ãò, „‡ã‹¦ã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ãâ¦ãØãæã status under the Micro, Small & Medium Enterprises Development Act, 2006
º¾ãã•ã Ôããä֦㠼ãìØã¦ãã¶ã ¶ã ‡ãŠãè ØãƒÃ ÀããäÍã ‡ãñŠ Ôãâºãâ£ã ½ãò ¶ã ¦ããñ ‡ãŠãñƒÃ ¹ãƇ㊛ãè‡ãŠÀ¥ã ãä‡ãŠ¾ãã Øã¾ãã Öõ ‚ããõÀ ¶ã Öãè and hence the disclosures relating to amount unpaid as at the end of the year
ãäÌãÊãã佺ã¦ã ¼ãìØã¦ãã¶ã ‡ãŠãè ãäÔ©ããä¦ã Ôãñ º¾ãã•ã -¹ãÆãÌã£ãã¶ã ‡ãŠã ƒÔã Ôã½ã¾ã ‚ã¶ãì½ãã¶ã ÊãØãã¶ãã Ôãâ¼ãÌã Öõ. together with interest payable as required under the said act has not been
furnished and provision for interest, if any, on delayed payment is not
18.9 ÊãñŒãã ½ãã¶ã‡ãŠãò ‡ãñŠ ‚ã¶ãìÔããÀ ¹ãƇ㊛ãè‡ãŠÀ¥ã ‡ãŠãè ‚ããÌã;ã‡ãŠ¦ãã ascertainable at this stage.
‡ãŠ. ¹ãƽãìŒã ÊãñŒãã ¶ããèãä¦ã¾ããò ½ãò ½ãÖ¦Ìã¹ãî¥ãà ¹ããäÀÌã¦ãöã 18.9 Disclosure Requirements as per Accounting Standards
i Êãã¼ããâÍã - Øã¥ã¶ãã a) Significant changes in the principal accounting policies.
i. Dividend Accounting
Ôã½ããèàãã£ããè¶ã ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ºãö‡ãŠ ¶ãñ ‡ãŠãÀ¹ããñÀñ› ãä¶ã‡ãŠã¾ããò ‡ãñŠ Íãñ¾ãÀãò ¹ãÀ Êãã¼ããâÍã - Øã¥ã¶ãã ¶ããèãä¦ã ‡ãŠãñ
During the year the Bank has changed its accounting policy in respect of
¹ããäÀÌããä¦ãæã ãä‡ãŠ¾ãã Öõ. ‚ãºã ÌãÔãîÊããè ‚ãã£ããÀ ‡ãñŠ ºã•ãã¾ã - Êãã¼ããâÍã -¹ãÆãã书㠂ããä£ã‡ãŠãÀ ‡ãñŠ Ô©ãããä¹ã¦ã Öãñ •ãã¶ãñ recognition of dividend on shares of corporate bodies from realisation
‡ãñŠ ºã㪠Êãã¼ããâÍã ‡ãŠãè Øã¥ã¶ãã ¹ãÆãñªá¼ãÌã¶ã ‚ãã£ããÀ ¹ãÀ ‡ãŠãè ØãƒÃ Öõ. ¹ããäÀ¥ãã½ãÔÌãÁ¹ã, Êãã¼ããâÍã ‚ãã¾ã ‚ããõÀ basis to accrual basis where the right to receive the dividend is established.
ÌãÓãà ‡ãñŠ Êãã¼ã ½ãò Á.4.68 ‡ãŠÀãñü¡ ‡ãŠãè Ìãðãä® ÖìƒÃ. Consequently, the dividend income and the profit for the year are higher
by Rs. 4.68 crore.
ii. `¹ããäÀ¹ã‡ã‹Ìã¦ãã ‡ãñŠ ãäÊㆠÀŒããè ØãƒÃ ¹ãÆãä¦ã¼ãîãä¦ã¾ããò' ‡ãñŠ ¹ãÆãèãä½ã¾ã½ã ‡ãŠã ¹ããäÀÍããñ£ã¶ã ii. Amortisation of Premium on HTM Securities
¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ ã䪶ããâ‡ãŠ 11 •ãìÊããƒÃ 2007 ‡ãñŠ Ôãã½ã㶾ã Ô¹ãÓ›ãè‡ãŠÀ¥ã ‡ãŠãè ‚ã¹ãñàãã¶ãìÔããÀ, ºãö‡ãŠ As required by RBI general clarification dated July 11, 2007, the Bank has
¶ãñ 31 ½ããÞãà 2008 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãà ‡ãñŠ ãäÊã†, `‚ããä•ãæ㠂ãã¾ã' ½ãò Ôããä½½ããäÊã¦ã `ãäÌããä¶ã£ãã¶ããò ¹ãÀ ‚ãã¾ã' deducted the amortisation of premium on Government securities, from
½ãò Ôãñ ÔãÀ‡ãŠãÀãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ¹ãÀ ¹ãÆãèãä½ã¾ã½ã - ¹ããäÀÍããñ£ã¶ã ‡ãŠãñ Üã›ã ã䪾ãã Öõ. ƒÔãñ ¹ãÖÊãñ `‚㶾㠂ãã¾ã' “Income on investments” included in “Interest earned” which was earlier

122

C122 K122
 ½ãò Íãããä½ãÊã ãä‡ãŠ¾ãã Øã¾ãã ©ãã ‚ããõÀ 31 ½ããÞãà 2008 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãà ‡ãñŠ ãäÊㆠƒÔã‡ãŠãè ÀããäÍã Á.1020.22 included in “Other income” amounting to Rs. 1020.22 crore for the year
‡ãŠÀãñü¡ ÀÖãè (31 ½ããÞãà 2007 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãà ‡ãñŠ ãäÊㆠ¾ãÖ ÀããäÍã Á.1036.79 ‡ãŠÀãñü¡ ©ããè). ÞããÊãî ÌãÓãà ended March 31, 2008 (Rs. 1036.79 crore for the year ended March 31,
2007). Prior year figures have been reclassified to conform to the current
‡ãñŠ ÌãØããê‡ãŠÀ¥ã ‡ãñŠ ‚ã¶ãìÁ¹ã ºã¶ãã¶ãñ ‡ãñŠ ãäÊㆠãäÌãØã¦ã ÌãÓãà ‡ãñŠ ‚ããâ‡ãŠü¡ãò ‡ãŠãñ ¹ãì¶ã: ÌãØããê‡ãðŠ¦ã ãä‡ãŠ¾ãã Øã¾ãã Öõ. classification. This change in accounting procedure does not have any
iii. ãäÌãªñÍããè ½ãì³ã ‚ããñ›ãèÔããè ãäÌã‡ãŠÊ¹ããò ‡ãŠã ºãã•ããÀ-ºãÖãè ‡ãñŠ ‚ã¶ãìÔããÀ Êãã¼ã/Öããä¶ã impact on the net profit for the year.
ãäÌãªñÍããè ½ãì³ã ‚ããñ›ãèÔããè ãäÌã‡ãŠÊ¹ããò ‡ãŠã - ºãã•ããÀ-ºãÖãè ½ãîʾ㠇ãñŠ ‚ã¶ãìÔããÀ Êãã¼ã-Öããä¶ã ‡ãŠãè ÊãñŒãã ¶ããèãä¦ã ‡ãŠãñ iii. Mark-to-Market gains / losses of Forex OTC options
ºãö‡ãŠ ¶ãñ ¹ããäÀÌããä¦ãæ㠇ãŠÀ ã䪾ãã Öõ. ƒÔã ¶ãƒÃ ÊãñŒãã ¶ããèãä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ - ãäºã‰ãŠãè ãä‡ãŠ† ØㆠãäÌã‡ãŠÊ¹ããò ¹ãÀ The Bank has changed the accounting policy in respect of accounting of
Mark-to-Mark (MTM) gains / losses in case of forex OTC options, where-
¹ãÆ㹦㠹ãÆãèãä½ã¾ã½ã ‡ãŠã ÍãñÓã ‚ããõÀ ‰ãŠ¾ã ãä‡ãŠ† ØㆠãäÌã‡ãŠÊ¹ããò ¹ãÀ ¹ãƪ§ã ¹ãÆãèãä½ã¾ã½ã ‡ãŠãñ - ãäÌãªñÍããè ½ãì³ã ‚ããñ›ãèÔããè by the balance in premium received on options sold and premium paid
ãäÌã‡ãŠÊ¹ããò ‡ãñŠ †½ã›ã膽㠽ãîʾ㠇ãŠã ¹ã¦ãã ÊãØãã¶ãñ ‡ãñŠ ãäÊㆠãä‡ãŠ¾ãã Øã¾ãã Öõ. ÊãñŒãã ¶ããèãä¦ã ½ãò ƒÔã ¹ããäÀÌã¦ãöã on options bought have been considered from this year to arrive at MTM
‡ãñŠ ¹ããäÀ¥ãã½ãÔÌãÁ¹ã - ƒÔã ÌãÓãà ‡ãñŠ Êãã¼ã ½ãò Á.133.80 ‡ãŠÀãñü¡ ‡ãŠãè Ìãðãä® ÖìƒÃ Öõ. value for forex OTC options. Consequent to this change in the accounting
policy, the profit for the year is higher by Rs. 133.80 crore.
iv. Œãâ¡ ÔãîÞã¶ãã
iv. Segment Reporting
ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ºãö‡ãŠ ¶ãñ ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ´ãÀã •ããÀãè ãäªÍãã-ãä¶ãªóÍããò ‡ãñŠ ‚ã¶ãìÁ¹ã ‚ã¹ã¶ãñ ¹ãÆã©ããä½ã‡ãŠ ̾ãÌãÔãã¾ã During the year, the Bank has reclassified its primary segments as Treasury,
Œãâ¡ãò ‡ãŠãñ ‡ãŠãñÓã,‡ãŠãÀ¹ããñÀñ›/©ããñ‡ãŠ ºãöãä‡ãâŠØã ¦ã©ãã ŒãìªÀã ºãöãä‡ãâŠØã ̾ãÌãÔãã¾ã ‡ãñŠ Á¹ã ½ãò ¹ãì¶ãÌãÃØããê‡ãðŠ¦ã ãä‡ãŠ¾ãã Öõ. ºãö‡ãŠ Corporate/Wholesale Banking and Retail Banking business in line with
‚ãºã ¦ã‡ãŠ ºãöãä‡ãâŠØã ‚ããõÀ Àã•ã‡ãŠãñÓããè¾ã ¹ããäÀÞããÊã¶ã ‡ãŠãñ ¹ãÆã©ããä½ã‡ãŠ ̾ãÌãÔãã¾ã ‡ãñŠ Á¹ã ½ãò ÌãØããê‡ãðŠ¦ã ‡ãŠÀ¦ãã ‚ãã¾ãã Öõ. the directions issued by RBI. The Bank had hitherto been classifying
Banking and Treasury operations as primary segments.
v) ‡ãŠ½ãÃÞããÀãè - ãäÖ¦ãÊãã¼ã v. Employee Benefits
I. ºãö‡ãŠ ‚ãºã ¦ã‡ãŠ ¹ãîÌãÃÌã¦ããê ÊãñŒãã½ãã¶ã‡ãŠ 15(û1995) ‡ãñŠ ‚ã¶ãìÔããÀ ‡ãŠ½ãÃÞããÀãè `ÔãñÌãããä¶ãÌãðãä§ã ãäÖ¦ãÊãã¼ã' I. The Bank had hitherto been measuring the liability for employee
‡ãñŠ ãäÊㆠªñ¾ã¦ãã ‡ãŠã ‚ãã‡ãŠÊã¶ã ‡ãŠÀ¦ãã ©ãã. ºãö‡ãŠ ¶ãñ 01 ‚ã¹ãÆõÊã 2007 Ôãñ ÊãñŒãã ½ãã¶ã‡ãŠ 15 retirement benefits as per the erstwhile AS 15 (1995) “Accounting
(ÔãâÍããñãä£ã¦ã - 2005) `‡ãŠ½ãÃÞããÀãè - ãäÖ¦ãÊãã¼ã' ¾ããñ•ã¶ãã ‡ãŠãñ ‚ãâØããè‡ãŠãÀ ãä‡ãŠ¾ãã Öõ. ¹ããäÀ¥ãã½ãÔÌãÁ¹ã for Retirement Benefits”. The Bank has adopted AS 15 (Revised 2005)
“Employee Benefits”, effective from 1st April 2007. Consequently an
„‡ã‹¦ã ãä¦ããä©ã ‡ãŠãñ Á.4256.70 ‡ãŠÀãñü¡ ‡ãŠã ‚ããä¦ããäÀ‡ã‹¦ã ªããä¾ã¦Ìã ¹ãÆãñªá¼ãî¦ã Öì‚ãã Öõ. ƒÔã½ãò Ôãñ additional obligation of Rs. 4256.70 crore has accrued as on that date.
Á.3723.74 ‡ãŠÀãñü¡ ¹ãòÍã¶ã ãä¶ããä£ã Ôãñ Ôãâºãâãä£ã¦ã Öö ‚ããõÀ Á.351.64 ‡ãŠÀãñü¡ (Á.181.06 ‡ãŠÀãñü¡ Out of this, Rs. 3723.74 crore pertains to pension benefits and Rs.
‡ãñŠ ‚ããÔ©ããäØã¦ã ‡ãŠÀ ‚ãããäԦ㠇ãŠãñ œãñü¡‡ãŠÀ ) ªãèÜããÃÌããä£ã ‡ãŠ½ãÃÞããÀãè ãäÖ¦ãÊãã¼ã Ôãñ Ôãâºãâãä£ã¦ã Öõ. 351.64 crore (Net of deferred tax assets of Rs. 181.06 crore) pertains
to long term employee benefits.
II. ºãö‡ãŠ ¶ãñ ‚ããä¦ããäÀ‡ã‹¦ã ªããä¾ã¦Ìã ‡ãŠãñ Àã•ãÔÌã ‚ããõÀ ‚㶾㠂ããÀãäàããä¦ã¾ããò ‡ãñŠ ¶ãã½ãñ ¹ãƼãããäÀ¦ã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÌã‡ãŠÊ¹ã
II. The Bank has exercised the option of charging the additional
‡ãŠã ¹ãƾããñØã ãä‡ãŠ¾ãã Öõ. ¦ãª¶ãìÔããÀ, Á.4075.64 ‡ãŠÀãñü¡ ‡ãŠã Ôãâ‰ãŠ½ã¥ããè¾ã ªããä¾ã¦Ìã (Á.181.06 ‡ãŠÀãñü¡ obligation to Revenue & Other Reserves. Accordingly, the transitional
‡ãŠãè ‚ããÔ©ããäØã¦ã ‡ãŠÀ ‚ãããäԦ㠇ãŠãñ ¡ãñü¡‡ãŠÀ) ‡ãŠãñ Àã•ãÔÌã ‚ããõÀ ‚㶾㠂ããÀãäàããä¦ã¾ããò ½ãò ‚ãâ¦ãÀ¥ã ‡ãŠÀ‡ãñŠ liability of Rs. 4075.64 crore (net of deferred tax assets of Rs. 181.06
ÊãñŒãñ ½ãò ãäÊã¾ãã Øã¾ãã Öõ. crore) has been set off against transfer from Revenue & Other Reserves.
III. ÊãñŒãã ½ãã¶ã‡ãŠ 15 (ÔãâÍããñãä£ã¦ã 2005) ‡ãñŠ ‚ããä¼ãØãÆ֥㠇ãñŠ ¹ããäÀ¥ãã½ãÔÌãÁ¹ã ‡ãŠÀ ¹ãîÌãà Êãã¼ã Á192.69 III. Consequent to the adoption of AS-15 (Revised 2005) profit before tax
for the year is higher by Rs. 192.69 crore.
‡ãŠÀãñü¡ Ôãñ ‚ããä£ã‡ãŠ Öãñ Øã¾ãã Öõ.
b) Prior Period Items: Domestic Offices
Œã) ‚ãÌããä£ã - ¹ãîÌãà ½ãªò : ªñÍããè ‡ãŠã¾ããÃÊã¾ã
Particulars Current year Previous year
ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãÃ
Depreciation 36.70 (17.47)
½ãîʾãÖáÀãÔã 36.70 (17.47) Operating expenses 13.33 16.38
¹ããäÀÞããÊã¶ã ̾ã¾ã 13.33 16.38 Interest expended - 264.76
̾ã¾ã ãä‡ãŠ¾ãã Øã¾ãã º¾ãã•ã - 264.76 Other income 3.31 2.42
‚㶾㠂ãã¾ã 3.31 2.42 c) Employee’s Benefits
Øã) ‡ãŠ½ãÃÞããÀãè - ãäÖ¦ãÊãã¼ã i. Defined Benefit Plans
i. ãä¶ã¾ã¦ã ãäÖ¦ãÊãã¼ã ¾ããñ•ã¶ãã†ú The following table sets out the status of the defined benefit Pension Plan
and Gratuity Plan as required under AS 15 (Revised 2005)
ãä¶ã½¶ã ¦ãããäÊã‡ãŠã ½ãò ÊãñŒãã ½ãã¶ã‡ãŠ - 15 (ÔãâÍããñãä£ã¦ã 2005) ‡ãŠãè ‚ã¹ãñàãã¶ãìÔããÀ ãä¶ã¾ã¦ã ãäÖ¦ãÊãã¼ã ¹ãòÍã¶ã
¾ããñ•ã¶ãã, ØãÆñÞ¾ãì›ãè ¾ããñ•ã¶ãã ‡ãŠãè ãäÔ©ããä¦ã ¹ãƪãäÍãæã Öõ : Particulars Pension Plans Gratuity

ãäÌãÌãÀ¥ã ¹ãòÍã¶ã ¾ããñ•ã¶ãã†ú ØãÆñÞ¾ãì›ãè Change in the present value of the

defined benefit obligation
ãä¶ã¾ã¦ã ãäÖ¦ãÊãã¼ã - ªããä¾ã¦Ìã ‡ãñŠ Ìã¦ãýãã¶ã ½ãîʾ㠽ãò ¹ããäÀÌã¦ãöã Opening defined benefit obligation
01 ‚ã¹ãÆõÊã 2007 ‡ãŠãñ ãä¶ã¾ã¦ã ãäÖ¦ãÊãã¼ã ªããä¾ã¦Ìã ¾ããñ•ã¶ãã ‡ãŠã ‚ããÀâ¼ã 15929.00 3527.00 at 1st April 2007 15929.00 3527.00
Ìã¦ãýãã¶ã ÔãñÌãã ÊããØã¦ã 423.14 126.15 Current Service Cost 423.14 126.15
Interest Cost 1290.00 285.00
º¾ãã•ã ÊããØã¦ã 1290.00 285.00 Actuarial losses (gains) 219.62 (72.97)
ÌããÔ¦ããäÌã‡ãŠ Öããä¶ã¾ããú (Êãã¼ã) 219.62 (72.97) Benefits paid (1051.76) (321.00)
¹ãƪ§ã ãäÖ¦ãÊãã¼ã (1051.76) (321.00) Closing defined benefit obligation
31 ½ããÞãà 2008 ‡ãŠãñ ãä¶ã¾ã¦ã ãäÖ¦ãÊãã¼ã ªããä¾ã¦Ìã ¾ããñ•ã¶ãã ‡ãŠã ƒãä¦ãÍãñÓã 16810.00 3544.18 at 31st March 2008 16810.00 3544.18
Change in Plan Assets
¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò ½ãò ¹ããäÀÌã¦ãöã
Opening fair value of plan assets
01 ‚ã¹ãÆõÊã 2007 ‡ãŠãñ ¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò ‡ãŠã ‚ããÀâãä¼ã‡ãŠ „ãäÞã¦ã ½ãîʾã 12205.26 3527.00 at 1st April 2007 12205.26 3527.00
¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò ¹ãÀ ¹ãƦ¾ãããäÍã¦ã ¹ãÆãä¦ãÊãã¼ã 976.42 269.72 Expected Return on Plan assets 976.42 269.72
ãä¶ã¾ããñ•ã‡ãŠ ‡ãŠã ‚ãâÍãªã¶ã 884.14 5.00 Contributions by employer 884.14 5.00
¹ãƪ§ã ãäÖ¦ãÊãã¼ã (1051.76) (321.00) Benefit Paid (1051.76) (321.00)
Actuarial Gains 70.74 63.46
ÌããÔ¦ããäÌã‡ãŠ Êãã¼ã 70.74 63.46 Closing fair value of plan assets
31 ½ããÞãà 2008 ‡ãŠãñ ¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò ‡ãñŠ at 31st March 2008 13084.80 3544.18
„ãäÞã¦ã ½ãîʾ㠇ãŠã ƒãä¦ãÍãñÓã 13084.80 3544.18 Reconciliation of present value of the
ªããä¾ã¦Ìã ‡ãñŠ Ìã¦ãýãã¶ã ½ãîʾ㠦ã©ãã ¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò obligation and fair value of the plan assets
‡ãñŠ „ãäÞã¦ã ½ãîʾ㠇ãŠã Ôã½ãã£ãã¶ã Present Value of Funded obligation
at 31st March 2008 16810.00 3544.18
31 ½ããÞãà 2008 ‡ãŠãñ ãä¶ããä£ã‡ãŠ ªããä¾ã¦Ìã ‡ãŠã Ìã¦ãýãã¶ã ½ãîʾã 16810.00 3544.18 Fair Value of Plan assets at
31 ½ããÞãà 2008 ‡ãŠãñ ¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò ‡ãŠã „ãäÞã¦ã ½ãîʾã 13084.80 3544.18 31st March 2008 13084.80 3544.18
‡ãŠ½ããè/ (‚ããä£ãÍãñÓã ) 3725.20 ãä¶ãÀâ‡ãŠ Deficit/(Surplus) 3725.20 Nil
ÊãñŒñ ½ãñ ¶ãÖãé Êããè ØãƒÃ ãäÌãØã¦ã ÔãñÌãã ÊããØã¦ã ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ Unrecognised Past Service Cost Nil Nil
Net Liability/(Asset ) 3725.20 Nil
ãä¶ãÌãÊã ªñ¾ã¦ãã / (‚ãããäÔ¦ã) 3725.20 ãä¶ãÀâ‡ãŠ Amount Recognised in the Balance Sheet
¦ãìÊã¶ã¹ã¨ã ‡ãñŠ ÊãñŒãñ ½ãò Êããè ØãƒÃ ÀããäÍã Liabilities 3725.20 Nil
ªñ¾ã¦ãã†ú 3725.20 ãä¶ãÀâ‡ãŠ Assets Nil Nil
‚ãããäÔ¦ã¾ããú ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ Net Liability / (Asset) recognised in
¦ãìÊã¶ã¹ã¨ã ½ãò ãäÞã¶ãáãäÖ¦ã ãä¶ãÌãÊã ªñ¾ã¦ãã/ (‚ãããäÔ¦ã) 3725.20 ãä¶ãÀâ‡ãŠ Balance Sheet 3725.20 Nil

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 ãäÌãÌãÀ¥ã ¹ãòÍã¶ã ¾ããñ•ã¶ãã†ú ØãÆñÞ¾ãì›ãè Particulars Pension Plans Gratuity
Êãã¼ã ‚ããõÀ Öããä¶ã Œãã¦ãñ ½ãò ãäÞã¶ãáãäÖ¦ã ãä¶ãÌãÊã ÊããØã¦ã Net Cost recognised in the Profit
Ìã¦ãýãã¶ã ÔãñÌãã ÊããØã¦ã 423.14 126.15 and Loss Account
ºØ¾ãã•ã ÊããØã¦ã 1290.00 285.00 Current Service Cost 423.14 126.15
Interest Cost 1290.00 285.00
¾ããñ•ã¶ãã -‚ãããäÔ¦ã¾ããò ¹ãÀ ¹ãƦ¾ãããäÍã¦ã ¹ãÆãä¦ãÊãã¼ã (976.42) (269.72)
Expected return on plan assets (976.42) (269.72)
ÌãÓãà ‡ãñŠ ªãõÀã¶ã ãäÞã¶ãáãäÖ¦ã ãä¶ãÌãÊã ÌããÔ¦ããäÌã‡ãŠ Öããä¶ã¾ããú (Êãã¼ã) 148.88 (136.43) Net actuarial losses (Gain) recognised
ãä¶ã¾ã¦ã Êãã¼ã ¾ããñ•ã¶ãã‚ããò ‡ãŠãè ‡ãìŠÊã ÊããØã¦ã ‚ã¶ãìÔãîÞããè 16 during the year 148.88 (136.43)
``‡ãŠ½ãÃÞããÀãè ‡ãŠãñ ¼ãìØã¦ãã¶ã ‚ããõÀ „¶ã‡ãñŠ ãäÊㆠ¹ãÆãÌã£ãã¶ã'' Total costs of defined benefit plans
½ãò ãäÞã¶ãáãäÖ¦ã ãä‡ãŠ¾ãã Øã¾ãã Öõ. 885.60 5.00 included in Schedule 16 “Payments to
and provisions for employees” 885.60 5.00
¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò ¹ãÀ ¹ãƦ¾ãããäÍã¦ã ¹ãÆãä¦ãÊãã¼ã ‚ããõÀ
Reconciliation of expected return and
ÌããÔ¦ããäÌã‡ãŠ ¹ãÆãä¦ãÊãã¼ã ‡ãŠã Ôã½ãã£ãã¶ã actual return on Plan Assets
¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò ¹ãÀ ¹ãƦ¾ãããäÍã¦ã ¹ãÆãä¦ãÊãã¼ã 976.42 269.72 Expected Return on Plan Assets 976.42 269.72
¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò ¹ãÀ ÌããÔ¦ããäÌã‡ãŠ Êãã¼ã / (Öããä¶ã) 70.74 63.46 Actuarial Gain/ (loss) on Plan Assets 70.74 63.46
¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò ¹ãÀ ÌããÔ¦ããäÌã‡ãŠ ¹ãÆãä¦ãÊãã¼ã 1047.16 333.18 Actual Return on Plan Assets 1047.16 333.18
Reconciliation of opening and closing
¦ãìÊã¶ã¹ã¨ã ½ãò ‚ããä¼ã—ãããä¶ã¦ã ãä¶ãÌãÊã ªñ¾ã¦ãã / (‚ãããäÔ¦ã)
net liability/ (asset) recognised in
‡ãñŠ ¹ãÆãÀâãä¼ã‡ãŠ ‚ããõÀ ‚ãâãä¦ã½ã ÍãñÓã ‡ãŠã Ôã½ãã£ãã¶ã Balance Sheet
01 ‚ã¹ãÆõÊã 2007 ‡ãŠãè ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãä¶ãÌãÊã ¹ãÆãÀâãä¼ã‡ãŠ ªñ¾ã¦ãã 3723.74 ãä¶ãÀâ‡ãŠ Opening Net Liability as at 1st April 2007 3723.74 Nil
Êãã¼ã ‚ããõÀ Öããä¶ã Œãã¦ãñ ½ãò Íãããä½ãÊã ̾ã¾ã 885.60 5.00 Expenses as recognised in profit and loss
ãä¶ã¾ããñ‡ãŠá¦ãã‚ããñ ‡ãŠã ‚ãâÍãªã¶ã 884.14 5.00 account 885.60 5.00
Employers Contribution 884.14 5.00
¦ãìÊã¶ã¹ã¨ã ‡ãñŠ ÊãñŒãñ ½ãò Êããè ØãƒÃ ãä¶ãÌãÊã ªñ¾ã¦ãã / (‚ãããäÔ¦ã) 3725.20 ãä¶ãÀâ‡ãŠ
Net liability/(Asset) recognised in
ºãö‡ãŠ ‡ãŠãñ ‚ãØãÊãñ ãäÌã§ããè¾ã ÌãÓãà ‡ãñŠ ªãõÀã¶ã ‚ã¹ã¶ããè ãä¶ã¾ã¦ã Êãã¼ã ¹ãòÍã¶ã ¾ããñ•ã¶ãã, ØãÆñÞ¾ãì›ãè ¾ããñ•ã¶ãã ½ãò ‰ãŠ½ãÍã: Balance Sheet 3725.20 Nil
Á.652.76 ‡ãŠÀãñü¡ ¦ã©ãã Á.43.20 ‡ãŠÀãñü¡ ‡ãñŠ ‚ãâÍãªã¶ã ‡ãŠÀ¶ãñ ‡ãŠãè ‚ããÍãã Öõ. The Bank expects to contribute Rs. 652.76 crore and Rs. 43.20 crore to its
31 ½ããÞãà 2008 ‡ãŠãè ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ØãÆñÞ¾ãì›ãè ãä¶ããä£ã ‚ããõÀ ¹ãòÍã¶ã ãä¶ããä£ã ‡ãŠãè ¾ããñ•ã¶ãã - ‚ãããäÔ¦ã¾ããò defined benefit Pension Plan and Gratuity Plan respectively during the
‡ãñŠ ‚ã£ããè¶ã ãä‡ãŠ† ØㆠãäÌããä¶ã£ãã¶ã ãä¶ã½¶ãã¶ãìÔããÀ Öö. next financial year.
Investments under Plan Assets of Gratuity Fund & Pension Fund as on
ØãÆñÞ¾ãì›ãè ãä¶ããä£ã ¹ãòÍã¶ã ãä¶ããä£ã 31st March 2008 are as follows:
‚ãããäÔ¦ã¾ããò ‡ãŠãè Ñãñ¥ããè ¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò ¾ããñ•ã¶ãã ‚ãããäÔ¦ã¾ããò
‡ãŠã % ‡ãŠã % Gratuity Fund Pension Fund
Category of Assets % of Plan Assets % of Plan Assets
‡ãòŠ³ ÔãÀ‡ãŠãÀ ‡ãŠãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú 39.45% -
Central Govt. Securities 39.45%
À㕾ã ÔãÀ‡ãŠãÀ ‡ãŠãè ¹ãÆãä¦ã¼ãîãä¦ã¾ããú 24.59% -
State Govt. Securities 24.59%
ÔããÌãÕããä¶ã‡ãŠ àãñ¨ã ‡ãñŠ ºããâ¡ 15.11% - Public Sector Bonds 15.11%
ºãö‡ãŠ ½ãò ãä½ã¾ããªãè •ã½ãã ÀÔããèª/ÔããÌããä£ã •ã½ãã ÀÔããèª 16.54% - FDR / TDR with Bank 16.54%
ºãö‡ãŠ ‡ãŠãè •ã½ããÀããäÍã¾ããú 0.94% 100.00%* Bank Deposits 0.94% 100.00% *
‚㶾ã 3.37% - Others 3.37%

¾ããñØã 100.00% 100.00% Total 100.00% 100.00%

* ºãö‡ãŠ ½ãò ÀŒããè ØãƒÃ * Held with the Bank
½ã쌾ã ÌããÔ¦ããäÌã‡ãŠ ¹ãÆã‡ã‹‡ãŠÊã¶ã : Principal actuarial assumptions:

ãäÌãÌãÀ¥ã ¹ãòÍã¶ã ‚ããõÀ ØãÆñÞ¾ãì›ãè ¾ããñ•ã¶ãã†ú Particulars Pension and Gratuity Plans

ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà Current year Previous year

ºã›á›ã ªÀ 8.00% 8.15% Discount Rate 8.00% 8.15%
¾ããñ•ã¶ãã ‚ãããäԦ㠹ãÀ ¹ãÆãä¦ãÊãã¼ã ‡ãŠãè ¹ãƦ¾ãããäÍã¦ã ªÀ 8.00% 8.00% Expected Rate of return on Plan Asset 8.00% 8.00%
Salary Escalation 5.00% 4.00%
Ìãñ¦ã¶ã Ìãðãä® 5.00% 4.00%
¼ããÌããè Ìãñ¦ã¶ã Ìãðãä® ‡ãŠã ¹ãîÌããöãì½ãã¶ã, ÌããÔ¦ããäÌã‡ãŠ ½ãîʾã¶ã ‡ãŠã ¹ãÆãä¦ã¹ãŠÊã¶ã, ½ãì³ãÔ¹ãŠãèãä¦ã ‡ãŠã Ôã½ããÌãñÍã¶ã, ÌããäÀÓŸ¦ãã, The estimates of future salary growth, factored in actuarial valuation, take
account of inflation, seniority, promotion and other relevant factors such
¹ãªãñ¸ããä¦ã ¦ã©ã㠂㶾ã Ô㽺㮠‡ãŠãÀ¥ããò ¾ã©ãã ãä¶ã¾ããñ•ã¶ã - ºãã•ããÀ ½ãò ‚ãã¹ãîãä¦ãà ‚ããõÀ ½ããâØã ‡ãŠãè ãäÔ©ããä¦ã ‡ãñŠ as supply and demand in the employment market. Such estimates are
‚ãã£ããÀ ¹ãÀ ãä‡ãŠ¾ãã Øã¾ãã Öõ. ƒÔã ¹ãƇãŠãÀ ‡ãñŠ ‚ã¶ãì½ãã¶ã ÔãìªãèÜãà ‚ãÌããä£ã ‡ãñŠ ãäÊㆠÖõâ ‚ããõÀ ‚ã¦ããè¦ã ‡ãñŠ Ôããèãä½ã¦ã very long term and are not based on limited past experience / immediate
‚ã¶ãì¼ãÌã /Ôããä¸ã‡ãŠ› ¼ããäÌãӾ㠇ãŠãè ‚ã¹ãñàãã‚ããò ¹ãÀ ‚ãã£ãããäÀ¦ã ¶ãÖãé Öö. ‚ã¶ãì¼ãÌã•ã¶¾ã Ôããà¾ã ¼ããè ¾ãÖãè Ôãâ‡ãñŠ¦ã future. Empirical evidence also suggests that in very long term, consistent
‡ãŠÀ¦ãñ Öö ãä‡ãŠ ªîÀØãã½ããè ‚ãÌããä£ã ‡ãñŠ ªãõÀã¶ã - Ôã¦ã¦ãá „ÞÞã Ìãñ¦ã¶ãÌãðãä® ‡ãŠÀ¦ãñ ÀÖ¶ãã Ôãâ¼ãÌã ¶ãÖãé Öõ ÊãñŒãã¹ãÀãèàã‡ãŠãò high salary growth rates are not possible, which has been relied upon by
¶ãñ ƒÔã ¹ãÆÔãâØã ½ãò ºãö‡ãŠ ´ãÀã ãä‡ãŠ† Øㆠ¹ãÆãä¦ãÌãñª¶ã ¹ãÀ ¼ãÀãñÔãã ãä‡ãŠ¾ãã Öõ. the auditors.
ii. Employees Provident Fund
ii) ‡ãŠ½ãÃÞããÀãè ¼ããäÌãÓ¾ã ãä¶ããä£ã
In terms of the guidance on implementing the AS-15 (Revised 2005) issued
¼ããÀ¦ããè¾ã Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ ÔãâÔ©ãã¶ã ‡ãñŠ ÊãñŒãã ½ãã¶ã‡ãŠ ºããñ¡Ã ´ãÀã ÔãâÍããñãä£ã¦ã ÊãñŒãã ½ãã¶ã‡ãŠ - 15 ‡ãñŠ ‡ãŠã¾ããöÌã¾ã¶ã by the Institute of the Chartered Accountants of India, the Employees
Ôãâºãâ£ããè ãäªÍãã-ãä¶ãªóÍããò ‡ãñŠ Ôã⪼ãà ½ãò, ºãö‡ãŠ ´ãÀã Ô©ãããä¹ã¦ã ‡ãŠ½ãÃÞããÀãè ¼ããäÌãÓ¾ã ãä¶ããä£ã ãä¶ã¾ã¦ã Êãã¼ã ¾ããñ•ã¶ãã ‡ãŠãè Provident Fund set up by the Bank is treated as a defined benefit plan
¹ããäÀãä£ã ½ãò ‚ãã†Øã㠇㋾ããòãä‡ãŠ ºãö‡ãŠ ‡ãŠãñ ãä¶ã£ããÃãäÀ¦ã ¶¾ãî¶ã¦ã½ã ¹ãÆãä¦ãÊãã¼ã ‡ãŠãñ ¹ãîÀã ‡ãŠÀ¶ãã Öõ. ÌãÓãà ‡ãñŠ ‚ãâ¦ã ½ãò †ñÔããè since the Bank has to meet the specified minimum rate of return. As at the
‡ãŠãñƒÃ ‡ãŠ½ããè ¶ãÖãé ºãÞããè ©ããè ãä•ãÔã‡ãñŠ ãäÊㆠ¹ãÆãÌã£ãã¶ã ¶ãÖãé ãä‡ãŠ¾ãã Øã¾ãã Öãñ. ¦ãª¶ãìÔããÀ, ¼ããäÌãÓ¾ã ãä¶ããä£ã ‡ãñŠ Ôãâºãâ£ã year end, no shortfall remains unprovided for. Accordingly, other related
½ãò ‚㶾ã Ôãâºãâãä£ã¦ã ¹ãƇ㊛ãè‡ãŠÀ¥ããò ‡ãŠã „ÊÊãñŒã ¶ãÖãé ãä‡ãŠ¾ãã Øã¾ãã Öõ. Á.344.60 ‡ãŠÀãñü¡ ‡ãŠãè ÀããäÍã ‡ãŠãñ Êãã¼ã disclosures in respect of Provident Fund have not been made and an
amount of Rs. 344.60 crore is recognised as an expense towards the
‚ããõÀ Öããä¶ã Œãã¦ãñ ½ãò ‡ãŠ½ãÃÞãããäÀ¾ããò ‡ãñŠ ¼ãìØã¦ãã¶ã ‚ããõÀ „¶ã‡ãñŠ ãäÊㆠ¹ãÆãÌã£ãã¶ã ÍããèÓãà ‡ãñŠ ‚ãâ¦ãØãæã Íãããä½ãÊã ºãö‡ãŠ Provident Fund scheme of the Bank included under the head “Payments
‡ãŠãè ¼ããäÌãÓ¾ã ãä¶ããä£ã ¾ããñ•ã¶ãã ¹ãÀ ãä‡ãŠ† Øㆠ̾ã¾ã ‡ãñŠ Á¹ã ½ãò ‚ããä¼ã—ãã¶ã ½ãò ãäÊã¾ãã Øã¾ãã Öõ. to and provisions for employees” in Profit and Loss Account.
iii) ‚㶾㠪ãèÜããÃÌããä£ã ‡ãŠ½ãÃÞããÀãè - ãäÖ¦ãÊãã¼ã iii. Other Long term Employee Benefits
Á. 133.40 ‡ãŠÀãñü¡ ‡ãŠãè ÀããäÍã ‡ãŠãñ Êãã¼ã ‚ããõÀ Öããä¶ã Œãã¦ãñ ½ãò ``‡ãŠ½ãÃÞãããäÀ¾ããò ‡ãŠãñ ¼ãìØã¦ãã¶ã ‚ããõÀ „¶ã‡ãñŠ Amount of Rs. 133.40 crore is recognised as an expense towards Long
ãäÊㆠ¹ãÆãÌã£ãã¶ã'' ÍããèÓãà ‡ãñŠ ‚㶦ãØãæã Íãããä½ãÊã ªãèÜããÃÌããä£ã ‡ãŠ½ãÃÞããÀãè ãäÖ¦ãÊãã¼ããò ¹ãÀ ãä‡ãŠ† Øㆠ̾ã¾ã ‡ãñŠ Á¹ã term Employee Benefits included under the head “Payments to and
provisions for employees” in Profit and Loss account.
½ãò ‚ããä¼ã—ãã¶ã ½ãò ãäÊã¾ãã Øã¾ãã Öõ.

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 ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ãäÌããä¼ã¸ã ªãèÜããÃÌããä£ã ‡ãŠ½ãÃÞããÀãè-ãäÖ¦ãÊãã¼ã ¾ããñ•ã¶ãã ‡ãñŠ ãäÊㆠãä‡ãŠ† Øㆠ¹ãÆãÌã£ãã¶ããò ‡ãŠã ãäÌãÌãÀ¥ã : Details of Provisions made for various long Term Employees’ Benefits
during the year;
‰ãŠ½ã Ôãâ. ªãèÜããÃÌããä£ã ‡ãŠ½ãÃÞããÀãè - ãäÖ¦ãÊãã¼ã ÀããäÍã
1 ÔãñÌãããä¶ãÌãðãä¦ã ‡ãñŠ Ôã½ã¾ã ‚ãÌã‡ãŠãÍã ¶ã‡ãŠªãè‡ãŠÀ¥ã ‡ãñŠ Ôãã©ã Sr. No. Long Term Employees’ Benefits Amount
‚ããä•ãæ㠂ãÌã‡ãŠãÍã ‡ãŠã (¶ã‡ãŠªãè‡ãŠÀ¥ã) 88.00 1 Privilege Leave (Encashment) incl. leave
2 ‚ãÌã‡ãŠãÍã ¾ãã¨ãã ‚ããõÀ ØãðÖ ¾ãã¨ãã ãäÀ¾ãã¾ã¦ã (¶ã‡ãŠªãè‡ãŠÀ¥ã / ‚ã•ãöã) 25.12 encashment at the time of retirement 88.00
3 Áإ㠂ãÌã‡ãŠãÍã 18.40 2 Leave Travel and Home Travel Concession
(Encashment/Availment) 25.12
4 À•ã¦ã •ãâ¾ã¦ããè ‚ãÌãã¡Ã 1.22
3 Sick Leave 18.40
5 ‚ããä£ãÌããäÓãæãã ¹ãÀ ¹ãì¶ããä¶ãùã›ã¶ã ̾ã¾ã 3.73 4 Silver Jubilee Award 1.22
6 ‚ãã‡ãŠãäÔ½ã‡ãŠ ‚ãÌã‡ãŠãÍã (2.02) 5 Resettlement Expenses on Superannuation 3.73
7 ÔãñÌãããä¶ãÌãðãä¦ã ‚ãÌãã¡Ã (1.05) 6 Casual Leave (2.02)
¾ããñØã 133.40 7 Retirement Award (1.05)
Total 133.40
Üã. Œãâ¡ÔãîÞã¶ãã : ¹ãƺãâ£ã¶ã ´ãÀã Ôãâ‡ãŠÊã¶ã ãä‡ãŠ¾ãã Øã¾ãã Öõ ‚ããõÀ ÊãñŒãã¹ããäÀàã‡ãŠãñ ´ãÀã ÔÌããè‡ãŠãÀ ãä‡ãŠ¾ãã
Øã¾ãã
Öõ. d) Segment Reporting: As compiled by the Management and relied upon by the
auditors
1. Œãâ¡ ‚ããä¼ããä¶ã£ããÃÀ¥ã
1. Segment identification
‡ãŠ) ¹ãÆã©ããä½ã‡ãŠ (̾ãÌãÔãã¾ã Œãâ¡) A) Primary (Business Segment)
¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ ¦ã¦‡ãŠãÊããè¶ã ãäªÍãã-ãä¶ãªóÍããò ‡ãñŠ ‚ã¶ãì¹ããÊã¶ã ½ãò ºãö‡ãŠ ¶ãñ ‚ãºã ¦ã‡ãŠ (i) ºãöãä‡ãâŠØã In compliance with the then prevailing RBI directions, the Bank had
¹ããäÀÞããÊã¶ããò ‚ããõÀ (ii) Àã•ã‡ãŠãñÓããè¾ã ¹ããäÀÞããÊã¶ããò ‡ãŠãñ ¹ãÆã©ããä½ã‡ãŠ Œãâ¡ ‡ãñŠ Á¹ã ½ãò ÌãØããê‡ãðŠ¦ã ãä‡ãŠ¾ãã ©ãã. hitherto being classifying (i) Banking Operations and (ii) Treasury
¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ¶ãñ ‚ã¹ã¶ãñ ã䪶ããâ‡ãŠ 18 ‚ã¹ãÆõÊã 2007 ‡ãñŠ ¹ããäÀ¹ã¨ã Ôãâ. ºããè¹ããè.ºããèÔããè.81/21.04.018/ Operations as the primary segments. The RBI vide their circular no.
2006-07 ‡ãñŠ •ããäÀ¾ãñ ‚ã¹ã¶ãñ ãäªÍãã-ãä¶ãªóÍããò ‡ãŠãñ ‚ããÍããñãä£ã¦ã ãä‡ãŠ¾ãã Öõ, ãä•ã¶ã‡ãŠãè ‚ã¹ãñàãã¶ãìÔããÀ ºãö‡ãŠ BP.BC.81/21.04.018/2006-07 dated 18th April 2007, has modified its
¶ãñ ãä¶ã½¶ããâãä‡ã⊦㠌ãâ¡ãò ‡ãŠã ‚ããä¼ããä¶ã£ããÃÀ¥ã/¹ãì¶ãÌãÃØããê‡ãŠÀ¥ã ¹ãÆã©ããä½ã‡ãŠ Œãâ¡ãò ‡ãñŠ Á¹ã ½ãò ãä‡ãŠ¾ãã Öõ. directions, requiring the Banks to identify / reclassify the following
segments as primary segments:
- Àã•ã‡ãŠãñÓã
- Treasury
- ‡ãŠãÀ¹ããñÀñ› / ©ããñ‡ãŠ ºãöãä‡ãâŠØã - Corporate / Wholesale Banking
- ŒãìªÀã ºãöãä‡ãâŠØã - Retail Banking
- ‚㶾㠺ãöãä‡ãâŠØã ̾ãÌãÔãã¾ã - Other Banking Business
ºãö‡ãŠ ‡ãŠãè Ìã¦ãýãã¶ã ÊãñŒãã-ãä¶ã£ããÃÀ¥ã ‚ããõÀ ÔãîÞã¶ãã ¹ã®ãä¦ã ½ãò „¹ãÀãñ‡ã‹¦ã Œãâ¡ãò Ôãñ Ô㽺㮠‚ããâ‡ãŠü¡ã ÔãâØãÆÖ¥ã The present accounting and information system of the Bank does not
‚ããõÀ ãä¶ãÓ‡ãŠÓãå㠇ãŠãè ¹ãð©ã‡ãŠá ¹ãÆãä‰ãŠ¾ãã Ôããä½½ããäÊã¦ã ¶ãÖãé Öõ. ¦ã©ãããä¹ã, ãäÀ¹ããñ›Ã ‡ãŠÀ¶ãñ ‡ãŠãè Ìã¦ãýãã¶ã ÔãâØ㟶ã㦽ã‡ãŠ support the capturing and extraction of the data in respect of the above
‚ããõÀ ¹ãƺãâ£ã‡ãŠãè¾ã ÔãâÀÞã¶ãã, „¶ã½ãò Ôããä¸ããä֦㠕ããñãäŒã½ã ‚ããõÀ ¹ãÆãä¦ãÊãã¼ã ‡ãñŠ ‚ãã£ããÀ ¹ãÀ Ìã¦ãýãã¶ã ½ãîÊã - segments separately. However, based on the present internal organisational
Œãâ¡ãñ ‡ãŠãñ ãä¶ã½¶ãÌã¦ã ¹ãì¶ãÔãýãîãäÖ¦ã ãä‡ãŠ¾ãã Øã¾ãã Öõ : and management reporting structure and the nature of their risk and
returns, the existing primary segments have been regrouped as under:
‡ãŠ) Àã•ã‡ãŠãñÓã - Àã•ã‡ãŠãñÓã Œãâ¡ ½ãò Ôã½ãÔ¦ã ãäÌããä¶ã£ãã¶ã ¹ããñ›Ã¹ãŠãñãäÊã¾ããò ‚ããõÀ ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã ‚ããõÀ
a) Treasury - The Treasury Segment includes the entire investment
¡ñÀãèÌãñãä›ÌÔã ÔãâãäÌãªã†â Íãããä½ãÊã Öö. Àã•ã‡ãŠãñÓã Œãâ¡ ‡ãŠã Àã•ãÔÌã ½ãîÊã¦ã: ̾ãã¹ããÀ - ¹ããäÀÞããÊã¶ããò portfolio and trading in foreign exchange contracts and derivative
‡ãñŠ Íãìʇ㊠‚ããõÀ ƒÔãÔãñ Öãñ¶ãñ ÌããÊãñ Êãã¼ã / Öããä¶ã ¦ã©ãã ãäÌããä¶ã£ãã¶ã ¹ããñ›Ã¹ãŠãñãäÊã¾ããò ‡ãŠãè º¾ãã•ã ‚ãã¾ã contracts. The revenue of the treasury segment primarily consists of
¹ãÀ ‚ãã£ãããäÀ¦ã Öõ. fees and gains or losses from trading operations and interest income
Œã) ‡ãŠãÀ¹ããñÀñ› / ©ããñ‡ãŠ ºãöãä‡ãâŠØã - ‡ãŠãÀ¹ããñÀñ› / ©ããñ‡ãŠ ºãöãä‡ãâŠØã Œãâ¡ ‡ãñŠ ‚ãâ¦ãØãæ㠇ãŠãÀ¹ããñÀñ› ÊãñŒãã on the investment portfolio.
Ôã½ãîÖ, ½ã£¾ã ‡ãŠãÀ¹ããñÀñ› ÊãñŒãã Ôã½ãîÖ ‚ããõÀ ¦ã¶ããÌãØãÆԦ㠂ãããäÔ¦ã Ôã½ãîÖ ‡ãŠãè ¨ãÉ¥ã - Øããä¦ããäÌããä£ã¾ããú b) Corporate / Wholesale Banking - The Corporate / Wholesale Banking
Ôããä½½ããäÊã¦ã Öö. ƒ¶ã‡ãñŠ ´ãÀã ‡ãŠãÀ¹ããñÀñ› ‚ããõÀ ÔãâÔ©ããØã¦ã ØãÆãÖ‡ãŠãò ‡ãŠãñ ¨ãɥ㠂ããõÀ Êãñ¶ã-ªñ¶ã ÔãñÌãã†ú segment comprises the lending activities of Corporate Accounts
¹ãƪã¶ã ‡ãŠãè •ãã¦ããè Öö. ƒ¶ã‡ãñŠ ‚ãâ¦ãØãæã ãäÌãªñÍã ãäÔ©ã¦ã ‡ãŠã¾ããÃÊã¾ããò ‡ãñŠ ØãõÀ - Àã•ã‡ãŠãñÓã ¹ããäÀÞããÊã¶ã Group, Mid Corporate Accounts Group and Stressed Assets
Management Group. These include providing loans and transaction
¼ããè Íãããä½ãÊã Öö. services to corporate and institutional clients and further include
Øã) ŒãìªÀã ºãöãä‡ãâŠØã - ŒãìªÀã ºãöãä‡ãâŠØã Œãâ¡ ‡ãñŠ ‚ãâ¦ãØãæã ÀãÓ›Èãè¾ã ºãöãä‡ãâŠØã Ôã½ãîÖ ‡ãŠãè ÍããŒãã†ú ‚ãã¦ããè non treasury operations of foreign offices.
Öõ. ƒ¶ã ÍããŒãã‚ããò ‡ãñŠ ‡ãŠã¾ãÇãŠÊãã¹ããò ½ãò ÀãÓ›Èãè¾ã ºãöãä‡ãâŠØã Ôã½ãîÖ Ôãñ Ô㽺㮠‡ãŠãÀ¹ããñÀñ› ØãÆãÖ‡ãŠãò c) Retail Banking - The Retail Banking Segment comprises of branches
‡ãŠãñ ¨ãɥ㠄¹ãÊ㺣㠇ãŠÀã¶ãñ ÔããäÖ¦ã - Ìãõ¾ããä‡ã‹¦ã‡ãŠ ºãöãä‡ãâŠØã Øããä¦ããäÌããä£ã¾ããú Íãããä½ãÊã Öö. †•ãòÔããè ̾ãÌãÔãã¾ã in National Banking Group, which primarily includes personal
‚ããõÀ †›ã膽㠼ããè ƒÔããè Ôã½ãîÖ ½ãò ‚ãã¦ãñ Öö. Banking activities including lending activities to corporate customers
Üã) ‚㶾㠺ãöãä‡ãâŠØã ̾ãÌãÔãã¾ã - •ããñ Œãâ¡ „¹ã¾ãìÇ㋦ã (‡ãŠ) Ôãñ (Øã) ‡ãñŠ ‚ãâ¦ãØãæã ÌãØããê‡ãðŠ¦ã ¶ãÖãé having Banking relations with branches in the National Banking
Group. This segment also includes agency business and ATM’s
Öì† Öö „¶Öò ƒÔã ¹ãÆã©ããä½ã‡ãŠ Œãâ¡ ‡ãñŠ ‚ãâ¦ãØãæã ÌãØããê‡ãðŠ¦ã ãä‡ãŠ¾ãã Øã¾ãã Öõ
d) Other Banking Business – Segments not classified under (a) to (c)
¹ãƺãâ£ã¶ã ‡ãŠã ‚ããä¼ã½ã¦ã Öõ ãä‡ãŠ „¹ã¾ãìÇ㋦㠹ãì¶ãÌãÃØããê‡ãŠÀ¥ã, ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ‡ãñŠ ÔãâÍããñãä£ã¦ã ãäªÍãã- above are classified under this primary segment.
ãä¶ãªóÍããò ‡ãŠãè ‚ã¹ãñàãã‚ããò ‡ãŠãñ ¹ãîÀã ‡ãŠÀ¦ãã Öõ ¦ã©ãã ¼ããÀ¦ããè¾ã Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ ÔãâÔ©ãã¶ã ´ãÀã •ããÀãè The Management is of the opinion that the above reclassification meets
ÊãñŒãã ½ãã¶ã‡ãŠ - 17 - ``Œãâ¡ ÔãîÞã¶ãã'' ‡ãŠãè ‚ã¹ãñàãã‚ããò ‡ãñŠ ‚ã¶ãìÁ¹ã Öõ. the requirements of the revised RBI guidelines and also is in compliance
Œã) Øããõ¥ã (¼ããõØããñãäÊã‡ãŠ Œãâ¡) with the requirements of the Accounting Standard–17 – “Segment
i) ªñÍããè ¹ããäÀÞããÊã¶ã - ¼ããÀ¦ã ½ãò ¹ããäÀÞããããäÊã¦ã ÍããŒãã†ú/‡ãŠã¾ããÃÊã¾ã Reporting” issued by the Institute of Chartered Accountants of India.
B) Secondary (Geographical Segment)
ii) ãäÌãªñÍããè ¹ããäÀÞããÊã¶ã - ¼ããÀ¦ã Ôãñ ºããÖÀ ¹ããäÀÞãããäÊã¦ã ÍããŒãã†ú/ ‡ãŠã¾ããÃÊã¾ã
i) Domestic Operations - Branches/Offices having operations in India
¦ã©ãã ¼ããÀ¦ã ½ãò ¹ããäÀÞãããäÊã¦ã Ôã½ãì³¹ããÀãè¾ã ºãöãä‡ãâŠØã ƒ‡ãŠãƒ¾ããú
ii) Foreign Operations - Branches/Offices having operations outside India
Øã) ‚ãâ¦ãÀ-Œãâ¡ãè¾ã ‚ãâ¦ãÀ¥ããò ‡ãŠã ½ãîʾã-ãä¶ã£ããÃÀ¥ã and Offshore Banking Units having operations in India
ŒãìªÀã ºãöãä‡ãâŠØã ÔãâÔãã£ã¶ã-ÔãâØãÆ֥㠇ãŠãè ¹ãÆã©ããä½ã‡ãŠ ƒ‡ãŠãƒÃ Öõâ. Àã•ã‡ãŠãñÓããè¾ã †Ìãâ ‡ãŠã¹ããóÀñ›/©ããñ‡ãŠ ºãõãä‡ãâŠØã Œãâ¡ C) Pricing of Inter-segmental transfers
ŒãìªÀã ºãöãä‡ãŠâØã Œãâ¡ Ôãñ ãä¶ããä£ã¾ããú ¹ãÆ㹦㠇ãŠÀ¦ãã Öõ; ºãã•ããÀ Ôãñ Ô㽺㮠ãä¶ããä£ã ‚ãâ¦ãÀ¥ã ½ãîʾã-ãä¶ã£ããÃÀ¥ã The Retail Banking segment is the primary resource mobilising unit. The
(†½ã‚ããÀ†¹ãŠ›ãè¹ããè) 01 ‚ã¹ãÆõÊã 2006 Ôãñ ÍãìÁ ãä‡ãŠ¾ãã Øã¾ãã Öõ, ãä•ãÔã‡ãñŠ ‚ã£ããè¶ã ãä¶ã£ããè‡ãŠÀ¥ã ‡ãñŠ¶³ Corporate/Wholesale Banking and Treasury segments are recipient of funds
(¹ãâŠãä¡âØã Ôãò›À) ¶ãã½ã‡ãŠ †‡ãŠ ¹ãð©ã‡ãŠá ƒ‡ãŠãƒÃ ¦ãõ¾ããÀ ‡ãŠãè ØãƒÃ Öõ. ãä¶ã£ããè‡ãŠÀ¥ã ‡ãñŠ¶³ (¹ãâŠãä¡âØã Ôãò›À) „¶ã from Retail Banking. Market related Funds Transfer Pricing (MRFTP) is followed
ãä¶ããä£ã¾ããò ‡ãŠãñ ‚ãã¶ãì½ãããä¶ã‡ãŠ Á¹ã Ôãñ ŒãÀã誦ãã Öõ, •ããñ ̾ãÌãÔãã¾ã ƒ‡ãŠãƒ¾ããò ½ãò •ã½ããÀããäÍã¾ããò ¾ãã „£ããÀÀããäÍã¾ããò under which a separate unit called Funding Centre has been created. The
Funding Centre notionally buys funds that the business units raise in the form
‡ãñŠ Á¹ã ½ãò „ªá¼ãî¦ã Öãñ¦ããè Öõâ ‚ããõÀ ‚ãããäԦ㠦ãõ¾ããÀ ‡ãŠÀ¶ãñ ½ãò ÊãØããè ̾ãÌãÔãã¾ã ƒ‡ãŠãƒ¾ããò ‡ãŠãñ ƒ¶ã ãä¶ããä£ã¾ããò
of deposits or borrowings and notionally sell funds to business units engaged
‡ãŠã ‚ãã¶ãì½ãããä¶ã‡ãŠ ãäÌã‰ãŠ¾ã ‡ãŠÀ¦ãã Öõ. in creating assets.
Üã) ̾ã¾ã, ‚ãããäÔ¦ã¾ããò ‚ããõÀ ªñ¾ã¦ãã‚ããò ‡ãŠã ‚ããºã⛶ã D) Allocation of Expenses, Assets and Liabilities
‡ãŠãÀ¹ããñÀñ› ‡ãòŠ³ ‡ãŠãè ÔãâÔ©ãã¹ã¶ãã‚ããò ½ãò ãä‡ãŠ† Øㆠ̾ã¾ã •ããñ Ôããè£ãñ ‡ãŠãÀ¹ããñÀñ›/©ããñ‡ãŠ ºãöãä‡ãâŠØã †Ìãâ ŒãìªÀã Expenses incurred at Corporate Centre establishments directly attributable either
ºãõãä‡ãâŠØã ¹ããäÀÞããÊã¶ããñ ‚ã©ãÌãã Àã•ã‡ãŠãñÓããè¾ã ¹ããäÀÞããÊã¶ã Œãâ¡ Ôãñ Ôãâºãâãä£ã¦ã Öö, ¦ãª¶ãìÔããÀ ‚ããºãâã䛦ã ãä‡ãŠ† to Corporate/Wholesale and Retail Banking Operations or to Treasury
ØㆠÖö. Ôããè£ãñ Ôãâºãâ£ã ¶ã ÀŒã¶ãñ ÌããÊãñ ̾ã¾ã ¹ãƦ¾ãñ‡ãŠ Œãâ¡ ‡ãñŠ ‡ãŠ½ãÃÞãããäÀ¾ããò ‡ãŠãè Ôã⌾ãã/Ôããè£ãñ Ôãâºãâ£ã ÀŒã¶ãñ Operations segment, are allocated accordingly. Expenses not directly attributable
ÌããÊãñ ̾ã¾ã ‡ãñŠ ‚ã¶ãì¹ãã¦ã ‡ãñŠ ‚ãã£ããÀ ¹ãÀ ‚ããâºãã䛦ã ãä‡ãŠ† ØㆠÖö. are allocated on the basis of the ratio of number of employees in each segment/
ratio of directly attributable expenses.
ºãö‡ãŠ ‡ãñŠ ¹ããÔã †ñÔããè Ôãã½ã㶾㠂ãããäÔ¦ã¾ããú ‚ããõÀ ªñ¾ã¦ãã†ú Öö ãä•ã¶Öò ãä‡ãŠÔããè Œãâ¡ ‡ãñŠ ‚ãâ¦ãØãæã Íãããä½ãÊã The Bank has certain common assets and liabilities which cannot be attributed
¶ãÖãé ãä‡ãŠ¾ãã •ãã Ôã‡ãŠ¦ãã Öõ ‚ã¦ã: ƒ¶Öò ‚ã¶ããºãâã䛦ã Ñãñ¥ããè ½ãò ÀŒãã Øã¾ãã Öõ. to any segment and the same are treated as unallocated.

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2) Œãâ¡ ¹ããäÀ¥ãã½ã / Segment Results
¼ããØ㠇㊠: ¹ãÆã©ããä½ã‡ãŠ (̾ãÌãÔãã¾ã Œãâ¡)
Part A : Primary (Business segments)

̾ãÌãÔãã¾ã Œãâ¡ Àã•ã‡ãŠãñÓã ‡ãŠãÀ¹ããñÀñ›/©ããñ‡ãŠ ºãõâãä‡ãŠâØã ŒãìªÀã ºãõâãä‡ãŠâØ㠂㶾㠺ãõâãä‡ãŠâØã ¹ããäÀÞããÊã¶ã ¾ããñØã
Business Segments Treasury Corporate/Wholesale Retail Other Total
Banking Banking Banking Operations

Àã•ãÔÌã
Revenue # 13982.33 15662.77 27654.45 — 57299.55
¹ããäÀ¥ãã½ã
Result # 1230.76 4961.26 5617.52 — 11809.54
‚ã¶ããºãâã䛦ã ̾ã¾ã
Unallocated Income /
(Expenses) - net # — — — — (1370.64)
¹ããäÀÞããÊã¶ã Êãã¼ã
Operating Profit # — — — — 10438.90
‡ãŠÀ
Tax # — — — — (3709.78)
‚ãÔãã£ããÀ¥ã Êãã¼ã
Extraordinary Profit # — — — — —
ãää¶ãÌãÊã Êãã¼ã
Net Profit # — — — — 6729.12
‚㶾ã ÔãîÞã¶ãã :
Other Information :
Œãâ¡ ‚ãããäÔ¦ã¾ããú
Segment Assets * 192471.76 430917.27 93369.89 — 716758.92
‚ã¶ããºãâã䛦㠂ãããäÔ¦ã¾ããú
Unallocated Assets * — — — — 4767.39
‡ãìŠÊã ‚ãããäÔ¦ã¾ããú
Total Assets * 192471.76 430917.27 93369.89 — 721526.31
Œãâ¡ ªñ¾ã¦ãã†ú
Segment Liabilities * 179609.11 211301.94 307151.05 — 698062.10
‚ã¶ããºãâã䛦㠪ñ¾ã¦ãã†ú
Unallocated Liabilities * — — — — 23464.21
‡ãìŠÊã ªñ¾ã¦ãã†ú
Total Liabilities * 179609.11 211301.94 307151.05 — 721526.31

¼ããØã Œã : ãä´¦ããè¾ã‡ãŠ (¼ããõØããñãäÊã‡ãŠ Œãâ¡)

Part B : Secondary (Geographic Segments)
ªñÍããè ãääÌãªñÍããè ¾ããñØã
Domestic Foreign Total
ÞããÊãî ÌãÓãà ãää¹ãœÊãã ÌãÓãà ÞããÊãî ÌãÓãà ãää¹ãœÊãã ÌãÓãà ÞããÊãî ÌãÓãà ãää¹ãœÊãã ÌãÓãÃ
Current Year Previous Year Current Year Previous Year Current Year Previous Year
Àã•ãÔÌã
Revenue # 51493.43 40198.44 6151.81 3809.15 57645.24 44007.59
‚ãããäÔ¦ã¾ããú
Assets * 632865.94 513812.16 88660.37 52753.08 721526.31 566565.24
* 31 ½ããÞãà 2008 ‡ãŠãè ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ # 31 ½ããÞãà 2008 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãà ‡ãñŠ ãäÊã†
As at 31st March 2008 For the year ended 31st March 2008

¼ããÀ¦ããè¾ã ãäÀ•ãÌãà ºãö‡ãŠ ‡ãñŠ ¹ããäÀ¹ã¨ã Ôã⌾ãã BP.BC.81/21.04.018/2006-07 ã䪶ããâ‡ãŠ 18.04.2007 ‡ãŠñ ‚ã¶ãìÔããÀ ¹ãŠãÀ½ãñ› ½ãò ¹ããäÀÌã¦ãöã ãä‡ãŠ¾ãñ •ãã¶ãñ ‡ãŠñ ‡ãŠãÀ¥ã ãä¹ãœÊãñ ÌãÓãà ‡ãŠñ ‚ããâ‡ãŠü¡ñ ¶ãÖãè ã䪾ãñ Øã¾ãñ Öõ.
In view of the revision in the format, previous years figures have not been disclosed in view of RBI circular no. BP.BC.81/21.04.018/2006-07 dt. 18.04.2007.

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Ý Ôãâºãâãä£ã¦ã ¹ãàã ¹ãƇ㊛ãè‡ãŠÀ¥ã : (•ãõÔãã ãä‡ãŠ ¹ãƺãâ£ã¶ã ´ãÀã ƒ¶ã‡ãŠã ‚ããä¼ããä¶ã£ããÃÀ¥ã ãä‡ãŠ¾ãã Øã¾ãã Öõ e) Related Party Disclosures : As identified by the Management and relied
‚ããõÀ ÊãñŒãã¹ãÀãèàã‡ãŠãñ ¶ãñ ƒ¶Öò ÔÌããè‡ãŠãÀ ãä‡ãŠ¾ãã Öõ.) upon by the Auditors.
1. Ôãâºãâãä£ã¦ã ¹ãàã 1. Related Parties
‡ãŠ. ‚ã¶ãìÓãâãäØã¾ããú A. SUBSIDIARIES
I. ªñÍããè ºãöãä‡ãâŠØã ‚ã¶ãìÓãâãäØã¾ããú I. DOMESTIC BANKING SUBSIDIARIES
1. Ô›ñ› ºãö‡ãŠ ‚ããù¹ãŠ ºããè‡ãŠã¶ãñÀ †â¡ •ã¾ã¹ãìÀ 1. State Bank of Bikaner & Jaipur
2. Ô›ñ› ºãö‡ãŠ ‚ããù¹ãŠ ÖõªÀãºã㪠2. State Bank of Hyderabad
3. Ô›ñ› ºãö‡ãŠ ‚ããù¹ãŠ ƒâªãõÀ 3. State Bank of Indore
4. Ô›ñ› ºãö‡ãŠ ‚ããù¹ãŠ ½ãõÔãîÀ 4. State Bank of Mysore
5. Ô›ñ› ºãö‡ãŠ ‚ããù¹ãŠ ¹ãã䛾ããÊãã 5. State Bank of Patiala
6. State Bank of Saurashtra
6. Ô›ñ› ºãö‡ãŠ ‚ããù¹ãŠ ÔããõÀãÓ›È
7. State Bank of Travancore
7. Ô›ñ› ºãö‡ãŠ ‚ããù¹ãŠ ¨ããÌãâ¥ã‡ãŠãñÀ
8. SBI Commercial and International Bank Ltd.
8. †Ôãºããè‚ãム‡ãŠãù½ããäÍãþãÊ㠆⡠ƒâ›À¶ãñÍã¶ãÊã ºãö‡ãŠ ãäÊã
II. FOREIGN BANKING SUBSIDIARIES
II. ãäÌãªñÍããè ºãöãä‡ãâŠØã ‚ã¶ãìÓãâãäØã¾ããú
1. SBI International (Mauritius) Ltd.
1. †Ôãºããè‚ãムƒâ›À¶ãñÍã¶ãÊã (½ããùÀãèÍãÔã) ãäÊã.
2. State Bank of India (Canada)
2. Ô›ñ› ºãö‡ãŠ ‚ããù¹ãŠ ƒâã䡾ãã (‡ãŠ¶ãã¡ã)
3. State Bank of India (California)
3. Ô›ñ› ºãö‡ãŠ ‚ããù¹ãŠ ƒâã䡾ãã (‡ãõŠãäÊã¹ãŠãñãä¶ãþãã) 4. Indian Ocean International Bank Ltd.
4. ƒâã䡾ã¶ã ‚ããñÍã¶ã ƒâ›À¶ãñÍã¶ãÊã ºãõ‡ãŠ ãäÊã. . 5. Commercial Bank of India LLC, Moscow (##)
5. ‡ãŠãù½ããäÍãþãÊã ºãö‡ãŠ ‚ããù¹ãŠ ƒâã䡾ãã †Êã†ÊãÔããè,½ããÔ‡ãŠãñ (##) 6. PT Bank Indo Monex
6. ¹ããè›ãè ºãö‡ãŠ ƒâ¡ãñ ½ããñ¶ãñ‡ã‹Ôã
III. DOMESTIC NON-BANKING SUBSIDIARIES
III. ªñÍããè ØãõÀ-ºãöãä‡ãâŠØã ‚ã¶ãìÓãâãäØã¾ããú 1. SBI Factors & Commercial Services Pvt. Ltd.
1. †Ôãºããè‚ãム¹ãõŠ‡ã‹›Ôãà †â¡ ‡ãŠãù½ããäÍãþãÊã ÔããäÌãÃÔãñ•ã ¹ãÆã. ãääÊã. 2. SBI Capital Markets Limited
2. †Ôãºããè‚ãム‡ãõŠãä¹ã›Êã ½ãã‡ãóŠ›áÔã ãäÊããä½ã›ñ¡ 3. SBI DFHI Limited
3. †Ôãºããè‚ãム¡ã膹㊆Þã‚ãムãäÊããä½ã›ñ¡ 4. SBI Mutual Funds Trustee Company Pvt. Ltd.
4. †Ôãºããè‚ãム½¾ãîÞ¾ãì‚ãÊã ¹ã⊡ ›ÈÔ›ãè ‡ã⊹ã¶ããè ¹ãÆã. ãäÊã. 5. SBI CAP Securities Ltd.
5. †Ôãºããè‚ãム‡ãõŠ¹ã ãäÔã‡ã‹¾ãîãäÀ›ãè•ã ãäÊã. 6. SBI CAPS Ventures Ltd.
6. †Ôãºããè‚ãム‡ãõŠ¹Ôã ÌãöÞãÔãà ãäÊã. 7. SBI CAP Trustees Co. Ltd.
7. †Ôãºããè‚ãム‡ãõŠ¹ã ›ÈÔ›ãè•ã ‡ãâŠ. ãäÊã. 8. SBI Cards & Payment Services Pvt. Ltd.(##)
8. †Ôãºããè‚ãム‡ãŠã¡ÃáÔ㠆⡠¹ãñ½ãò›áÔã ÔããäÌãÃÔãñ•ã ¹ãÆã. ãäÊã. (##) 9. SBI Funds Management Pvt. Ltd. (##)
9. †Ôãºããè‚ãム¹ã⊡áÔã ½ãõ¶ãñ•ã½ãò› ¹ãÆã. ãäÊã. (##) 10. SBI Life Insurance Company Ltd. (##)
10. †Ôãºããè‚ãムÊãヹ㊠ƒâ;ããñÀòÔã ‡ã⊹ã¶ããè ãäÊã. (##) 11. Global Trade Finance Ltd.
11. ØÊããñºãÊã ›Èñ¡ ¹ãŠãƒ¶ãòÔã ãäÊã. IV. FOREIGN NON-BANKING SUBSIDIARIES
IV. ãäÌãªñÍããè ØãõÀ-ºãöãä‡ãâŠØã ‚ã¶ãìÓãâãäØã¾ããú 1. SBICAP (UK) Ltd.
1. †Ôãºããè‚ãム‡ãõŠ¹ã (¾ãî‡ãñŠ) ãäÊã. 2. SBI Funds Management (International) Ltd.(##)
2. †Ôãºããè‚ãム¹ã⊡áÔã ½ãõ¶ãñ•ã½ãò› (ƒâ›À¶ãñÍã¶ãÊã) ãäÊã. (##) ## These entities are jointly controlled.
## ¾ãñ ‡ã⊹ããä¶ã¾ããú Ôãâ¾ãì‡ã‹¦ã Á¹ã Ôãñ ãä¶ã¾ãâãä¨ã¦ã Öö.
B. JOINTLY CONTROLLED ENTITIES
Œã . Ôãâ¾ãì‡ã‹¦ã Á¹ã Ôãñ ãä¶ã¾ãâãä¨ã¦ã ‡ã⊹ããä¶ã¾ããú 1. GE Capital Business Process Management Services Pvt. Ltd
1. •ããèƒÃ ‡ãõŠãä¹ã›Êã ãäºã•ã¶ãñÔã ¹ãÆãñÔãñÔã ½ãõ¶ãñ•ã½ãâò› ÔããäÌãÃÔãñ•ã ¹ãÆã. ãäÊã. 2. C-Edge Technologies Ltd.
2. Ôããè-†•ã ›ñ‡ãŠ¶ããñÊããù•ããè•ã ãäÊã.
C. ASSOCIATES
Øã. ÔãÖ¾ããñØããè i. Regional Rural Banks
i. àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãö‡ãŠ 1 Andhra Pradesh Grameena Vikas Bank
1 ‚ããâ£ãÆ ¹ãƪñÍã ØãÆã½ããè¥ã ãäÌã‡ãŠãÔã ºãö‡ãŠ 2 Arunachal Pradesh Rural Bank
2 ‚ãÁ¥ããÞãÊã ¹ãƪñÍã ÁÀÊã ºãö‡ãŠ 3 Cauvery Kalpatharu Grameena Bank
3 ‡ãŠãÌãñÀãè ‡ãŠÊ¹ã¦ãÁ ØãÆã½ããè¥ã ºãö‡ãŠ 4 Chhattisgarh Gramin Bank
4 œ¦¦ããèÔãØãü¤ ØãÆã½ããè¥ã ºãö‡ãŠ 5 Deccan Grameena Bank
5 ¡âñ‡ã‹‡ãŠ¶ã ØãÆã½ããè¥ã ºãö‡ãŠ 6 Ellaquai Dehati Bank
6 ƒÊãã‡ãŠãƒÃ ªñÖã¦ããè ºãö‡ãŠ 7 Meghalaya Rural Bank (Formerly knwon as Ka Bank
7 ½ãñÜããÊã¾ã ÁÀÊã ºãö‡ãŠ (¹ãîÌãà ‡ãŠã ºãö‡ãŠ ¶ãã¶ããä‡ãŠ¶ã¡ãâØã Àãè ŒããÔããè •ãõ¶ãã䛾ãã) Nongkyndong Ri Khasi Jaintia)
8 ‡ãðŠÓ¥ãã ØãÆã½ããè¥ã ºãö‡ãŠ 8 Krishna Grameena Bank
9 ÊãâØã¹ããèè ªñÖãâØããè ÁÀÊã ºãö‡ãŠ 9 Langpi Dehangi Rural Bank
10 ½ã£¾ã ¼ããÀ¦ã ØãÆã½ããè¥ã ºãö‡ãŠ 10 Madhya Bharat Gramin Bank
11 ½ããÊãÌãã ØãÆã½ããè¥ã ºãö‡ãŠ 11 Malwa Gramin Bank
12 ½ããÀÌããü¡ ØãâØãã¶ãØãÀ ºããè‡ãŠã¶ãñÀ ºãö‡ãŠ 12 Marwar Ganganagar Bikaner Bank
13 ãä½ã•ããñÀ½ã ÁÀÊã ºãö‡ãŠ 13 Mizoram Rural Bank
14 ¶ããØããÊãö¡ ÁÀÊã ºãö‡ãŠ 14 Nagaland Rural Bank
15 ¹ãÌãæããè¾ã ØãÆã½ããè¥ã ºãö‡ãŠ 15 Parvatiya Gramin Bank
16 ¹ãîÌããÄÞãÊã àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãö‡ãŠ 16 Purvanchal Kshetriya Gramin Bank
17 Ôã½ãÔ¦ããè¹ãìÀ àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãö‡ãŠ 17 Samastipur Kshetriya Gramin Bank
18 ÔããõÀãÓ›È ØãÆã½ããè¥ã ºãö‡ãŠ 18 Saurashtra Gramin Bank
19 „¦‡ãŠÊã ØãÆ㽾㠺ãö‡ãŠ 19 Utkal Gramya Bank
20 „§ãÀãâÞãÊã ØãÆã½ããè¥ã ºãö‡ãŠ 20 Uttaranchal Gramin Bank
21 Ìã¶ããâÞãÊã ØãÆã½ããè¥ã ºãö‡ãŠ 21 Vananchal Gramin Bank
22 ãääÌããäªÍãã ¼ããñ¹ããÊã àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãö‡ãŠ 22 Vidisha Bhopal Kshetriya Gramin Bank
ii. ‚㶾ã ii. Others
1. †Ôãºããè‚ãムÖãñ½ã ¹ãŠãƒ¶ãòÔã ãäÊããä½ã›ñ¡ 1. SBI Home Finance Limited
2. ãä‡ã‹Êã¾ããäÀâØã ‡ãŠãÀ¹ããñÀñÍã¶ã ‚ããù¹ãŠ ƒâã䡾ãã ãäÊã. 2. Clearing Corporation of India Ltd.
3. ¶ãñ¹ããÊã †Ôãºããè‚ãムºãö‡ãŠ ãäÊã. 3. Nepal SBI Bank Ltd.
4. ºãö‡ãŠ ‚ããù¹ãŠ ¼ãî›ã¶ã 4. Bank of Bhutan

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 5. ¾ãî›ãè‚ããƒÃ †Ôãñ› ½ãõ¶ãñ•ã½ãò› ‡ã⊹ã¶ããè ¹ãÆã. ãäÊã. 5. UTI Asset Management Company Pvt. Ltd.
6. †Ôã. †Ôã. ÌãòÞãÔãà ÔããäÌãÃÔãñ•ã ãäÊã. 6. SS Ventures Services Ltd.
D. Key Management Personnel of the Bank
Üã. ºãö‡ãŠ ‡ãñŠ ¹ãƽãìŒã ¹ãƺãâ£ã¶ã ‡ãŠããä½ãÇãŠ
1. Shri O. P. Bhatt, Chairman
1. Ñããè ‚ããñ.¹ããè. ¼ã›á›, ‚㣾ãàã 2. Shri T. S. Bhattacharya, Managing Director upto 31st January 2008
2. Ñããè ›ãè. †Ôã. ¼ã›á›ãÞãã¾ãÃ, ¹ãƺãâ£ã ãä¶ãªñÍã‡ãŠ 31 •ã¶ãÌãÀãè 2008 ¦ã‡ãŠ 3. Shri Yogesh Agarwal, Managing Director upto 30th June 2007
3. Ñããè ¾ããñØãñÍã ‚ãØãÆÌããÊã, ¹ãƺãâ£ã ãä¶ãªñÍã‡ãŠ 30 •ãî¶ã 2007 ¦ã‡ãŠ 4. Shri S. K. Bhattacharyya, Managing Director from 8th October 2007
4. Ñããè †Ôã. ‡ãñŠ. ¼ã›á›ãÞãã¾ãÃ, ¹ãƺãâ£ã ãä¶ãªñÍã‡ãŠ 8 ‚ã‡ã¦ãîºãÀ 2007 Ôãñ
2. Related parties with whom transactions were entered into during the
2 ÌãÓãà ‡ãñŠ ªãõÀã¶ã ãä•ã¶ã ¹ãàããò Ôãñ Êãñ¶ã-ªñ¶ã ãä‡ãŠ† Øã†
year
ÊãñŒãã ½ãã¶ã‡ãŠ (††Ôã) 18 ‡ãñŠ ‚ã¶ãìÞœñª 9 ‡ãñŠ ‚ã¶ãìÔããÀ ``ÔãÀ‡ãŠãÀ - ãä¶ã¾ãâãä¨ã¦ã „²ã½ã'' Á¹ã
No disclosure is required in respect of related parties which are "State-
½ãò Ôãâºãâãä£ã¦ã ¹ãàã ‡ãñŠ Ôãâºãâ£ã ½ãò ‡ãŠãñƒÃ ¹ãƇ㊛ãè‡ãŠÀ¥ã ‚ã¹ãñãäàã¦ã ¶ãÖãââè â Öõ. ¹ãì¶ã: ÊãñŒãã ½ãã¶ã‡ãŠ 18 controlled Enterprises" as per paragraph 9 of Accounting Standard (AS)
‡ãñŠ ‚ã¶ãìÞœñª 5 ‡ãñŠ ‚ã¶ãìÔããÀ ¹ãƽãìŒã ¹ãƺãâ£ã¶ã ‡ãŠããä½ãÇ㊠¦ã©ãã ¹ãƽãìŒã ¹ãƺãâ£ã¶ã ‡ãŠããä½ãÇãŠãò ‡ãñŠ Ôãâºãâãä£ã¾ããò 18. Further, in terms of paragraph 5 of AS 18, transactions in the nature
‡ãñŠ ºããÀñ ½ãò ºãö‡ãŠÀ-ØãÆãև㊠Ôãâºãâ£ã ‡ãŠãè ¹ãƇãðŠãä¦ã ÌããÊãñ Êãñ¶ãªñ¶ããò ‡ãŠã ¹ãƇ㊛ãè‡ãŠÀ¥ã ‚ããÌã;ã‡ãŠ ¶ãÖãé of Banker-customer relationship are not required to be disclosed in
Öõ. ‚㶾ã ãäÌãÌãÀ¥ã ãä¶ã½¶ãã¶ãìÔããÀ Öõ. : respect of Key Management Personnel and relatives of Key Management
1. Ôããè-†•ã ›ñ‡ãŠ¶ããñÊããù•ããè•ã ãäÊã. . Personnel. Other particulars are as under:
2. •ããèƒÃ ‡ãõŠãä¹ã›Êã ãäºã•ã¶ãñÔã ¹ãÆãñÔãñÔã ½ãõ¶ãñ•ã½ãâò› ÔããäÌãÃÔãñ•ã ¹ãÆã.ãäÊã. 1. C-Edge Technologies Ltd.
3. ºãö‡ãŠ ‚ããù¹ãŠ ¼ãî›ã¶ã 2. GE Capital Business Process Management Services Pvt. Ltd.
4. ¶ãñ¹ããÊã †Ôãºããè‚ãムºãö‡ãŠ ãäÊã. 3. Bank of Bhutan
5. †Ôãºããè‚ãムÖãñ½ã ¹ãŠãƒÃ¶ãòÔã ãäÊã. 4. Nepal SBI Bank Ltd.
5. SBI Home Finance Ltd.
6. †Ôã †Ôã ÌÖñâÞãÔãà ÔããäÌãÃÔãñ•ã ãäÊã.
6. S S Ventures Services Ltd.
7. Ñããè ‚ããñ.¹ããè.¼ã›á›, 7. Shri O. P. Bhatt
8. Ñããè ›ãè.†Ôã. ¼ã›á›ãÞãã¾ãà (31.01.2008 ¦ã‡ãŠ) 8. Shri T. S. Bhattacharya (upto 31.01.08)
9. Ñããè ¾ããñØãñÍã ‚ãØãÆÌããÊã, (30.06.2007 ¦ã‡ãŠ) 9. Shri Yogesh Agarwal, (upto 30.06.2007)
10. Ñããè †Ôã.‡ãñŠ. ¼ã›á›ãÞãã¾ãÃ, ¹ãƺãâ£ã ãä¶ãªñÍã‡ãŠ (08.10.2007 Ôãñ) 10. Shri S. K. Bhattacharyya (from 08.10.2007)

3. Êãñ¶ãªñ¶ã ‚ããõÀ ÍãñÓã ÀããäÍã¾ããú

3. Transactions and Balances :
ãäÌãÌãÀ¥ã ÔãÖ¾ããñØããè/ Ôãâ¾ãì‡ã‹¦ã „²ã½ã ¹ãƽãìŒã ¹ãƺãâ£ã¶ã ‡ãŠããä½ãÇ㊠¾ããñØã
Particulars Associates/ Key Management Total
Joint Ventures Personnel
•ã½ãã-ÀããäÍã¾ããú / Deposits # 62.56 - 62.56
(295.37) (0.00) (295.37)
‚㶾㠪ñ¾ã¦ãã†ú
Other Liabilities # 0.01 - 0.01
(1.76) (0.00) (10.76)
ãäÌããä¶ã£ãã¶ã
Investments # 35.45 - 35.45
(35.45) (0.00) (35.45)
Ôã⪧㠺¾ãã•ã / Interest paid * 3.16 - 3.16
(6.59) (0.00) (6.59)
Êãã¼ããâÍã ‡ãñŠ Á¹ã ½ãò ‚ããä•ãæ㠂ãã¾ã
Income earned by way of dividend* 2.94 - 2.94
(0.50) (0.00) (0.50)
‚㶾㠂ãã¾ã
Other Income* 0.01 - 0.01
(0.00) (0.00) (0.00)
‚㶾ã ̾ã¾ã / Other expenditure* - - -
(1.66) (0.00) (1.66)
¹ãƺãâ£ã¶ã ÔãâãäÌãªã†ú
Management contracts * - 0.54 0.54
(0.65) (0.15) (0.80)

(‡ãŠãñÓŸ‡ãŠãò ½ãò ã䪆 Øㆠ‚ããâ‡ãŠü¡ñ ãä¹ãœÊãñ ÌãÓãà ‡ãñŠ Öö ) (Figures in brackets are for Previous Year)
# 31 ½ããÞãà 2008 ‡ãŠãè ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ # As at 31st March 2008
* 31 ½ããÞãà 2008 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãà ‡ãñŠ ãäÊㆠ* For the year ended on 31st March 2008

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Þã) ¹ã›á›ñ: f) Leases:
1 ‚ã¹ãÆõÊã 2001 ‡ãŠãñ ¾ãã „Ôã‡ãñŠ ¹ãÍÞãã¦ãá ãäÌã§ããè¾ã ¹ã›á›ãò ¹ãÀ ªãè ØãƒÃ ‚ãããäÔ¦ã¾ããú : ƒ¶ã ãäÌã§ããè¾ã ¹ã›á›ãò ‡ãŠã Assets given on Financial Leases on or after 1st April 2001: The details of
º¾ããñÀã ¶ããèÞãñ ã䪾ãã Øã¾ãã Öõ finance leases are given below:
Particulars As at As at
ãäÌãÌãÀ¥ã 31½ããÞãà 2008 ‡ãŠãè 31½ããÞãà 2007 ‡ãŠãè
31-Mar-2008 31-Mar-2007
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ
Gross investment in the leases 43.29 164.73
¹ã›á›ãò ½ãò ãä‡ãŠ† ØㆠÔã‡ãŠÊã ãäÌããä¶ã£ãã¶ã 43.29 164.73
Present value of minimum lease
¹ãÆ㹾㠶¾ãî¶ã¦ã½ã ¹ã›á›ã ¼ãìØã¦ãã¶ããò ‡ãŠã Ìã¦ãýãã¶ã ½ãîʾã payments receivable
1 ÌãÓãà Ôãñ ‡ãŠ½ã 8.91 8.91 Less than 1 year 8.91 8.91
1 Ôãñ 5 ÌãÓãà ¦ã‡ãŠ 9.67 15.04 1 to 5 years 9.67 15.04

5 ÌãÓãà ‚ããõÀ „ÔãÔãñ ‚ããä£ã‡ãŠ — — 5 years and above — —

Total 18.58 23.95
¾ããñØã 18.58 23.95
Present value of unearned finance income 3.76 5.00
‚ããä•ãæ㠶㠇ãŠãè ØãƒÃ ãäÌã§ããè¾ã ‚ãã¾ã ‡ãŠã Ìã¦ãýãã¶ã ½ãîʾã 3.76 5.00 The Bank has not compiled the data on the operating leases taken
ºãö‡ãŠ ¶ãñ ãäÊㆠØㆠ¹ããäÀÞãããäÊã¦ã ¹ã›á›ãò ‚ããõÀ ½ãâ•ãîÀ ãä‡ãŠ† Øㆠ¹ããäÀÞããÊã¶ã ¹ã›á›ãò ‡ãŠãñ Ôã½ãñãä‡ãŠ¦ã ¶ãÖãé ãä‡ãŠ¾ãã and operating leases granted. Accordingly, no disclosure for the same
Öõ. ¦ãª¶ãìÔããÀ, ƒ¶ã‡ãñŠ Ôãâºãâ£ã ½ãò ‡ãŠãñƒÃ ¹ãƇ㊛ãè‡ãŠÀ¥ã ¶ãÖãé ãä‡ãŠ¾ãã Øã¾ãã Öõ. is made.

œ) ¹ãÆãä¦ã Íãñ¾ãÀ „¹ãã•ãöã g) Earning per Share

ºãö‡ãŠ ¶ãñ ÊãñŒãã ½ãã¶ã‡ãŠ 20, ``¹ãÆãä¦ã Íãñ¾ãÀ „¹ãã•ãöã'' ‡ãñŠ ‚ã¶ãìÔããÀ ¹ãƦ¾ãñ‡ãŠ ƒãä‡ã‹Ìã›ãè Íãñ¾ãÀ ¹ãÀ ½ãîÊã ‚ããõÀ The Bank reports basic and diluted earnings per equity share in accordance
‡ãŠ½ã ãä‡ãŠ† Øㆠ‚ãã¾ã ‡ãŠãè ÔãîÞã¶ãã ªãè Öõ. ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ‡ãŠÀ ‡ãñŠ ¹ãÍÞãã¦ãá ãä¶ãÌãÊã Êãã¼ã ‡ãŠãñ ºã‡ãŠã¾ãã ƒãä‡ã‹Ìã›ãè with Accounting Standard 20 - “Earnings per Share”. “Basic earnings” per
share is computed by dividing net profit after tax by the weighted average
Íãñ¾ãÀãò ‡ãŠãè ¼ãããäÀ¦ã ‚ããõÔã¦ã Ôã⌾ãã Ôãñ ‚ãÊãØã ‡ãŠÀ‡ãñŠ ¹ãÆãä¦ã Íãñ¾ãÀ ``½ãîÊã ‚ãã¾ã'' ‡ãŠãè Øã¥ã¶ãã ‡ãŠãè ØãƒÃ Öõ. ÌãÓãÃ
number of equity shares outstanding during the year.
‡ãñŠ ªãõÀã¶ã ‡ãŠãñƒÃ ¼ããè ‡ãŠ½ã ãä‡ãŠ† Øㆠ½ãîʾ㠇ãñŠ Ôãâ¼ãã̾㠃ãä‡ã‹Ìã›ãè Íãñ¾ãÀ ºã‡ãŠã¾ãã ¶ãÖãé Öõâ.
Particulars Current Year Previous Year
ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãÃ
Basic and diluted
½ãîÊã ‚ããõÀ ‡ãŠ½ã ãä‡ãŠ† Øã†
Weighted average no of equity shares
½ãîÊã ¹ãÆãä¦ã Íãñ¾ãÀ ‚ãã¾ã ‡ãŠãè Øã¥ã¶ãã ‡ãñŠ ãäÊㆠ¹ãƾãì‡ã‹¦ã used in computing basic earning per share 53,14,45,447 52,62,98,878
¼ãããäÀ¦ã ‚ããõÔã¦ã ƒãä‡ã‹Ìã›ãè Íãñ¾ãÀãò ‡ãŠãè Ôãâ. 53,14,45,447 52,62,98,878 Add: Potential number of equity shares that
•ããòü¡ñ : ƒ†Ôã¹ããè†Ôã ¾ããñ•ã¶ãã ‡ãñŠ ‡ãŠãÀ¥ã •ããÀãè ãä‡ãŠ† could arise on account of ESPS scheme 5,09,911 —
•ãã¶ãñ ÌããÊãñ Ôãâ¼ãããäÌã¦ã ƒãä‡ã‹Ìã›ãè Íãñ¾ãÀãò ‡ãŠãè Ôã⌾ãã 5,09,911 --- Weighted average number of shares used
in computing diluted earning per share 53,19,55,358 —
‡ãŠ½ã ãä‡ãŠ† Øㆠ¹ãÆãä¦ã Íãñ¾ãÀ ‚ãã¾ã ‡ãŠãè Øã¥ã¶ãã ‡ãñŠ ãäÊã†
¹ãƾãì‡ã‹¦ã ¼ãããäÀ¦ã ‚ããõÔã¦ã Íãñ¾ãÀãò ‡ãŠãè Ôã⌾ãã 53,19,55,358 --- Net profit 6,729.12 4,541.31
Basic earnings per share (Rs.) 126.62 86.10
ãä¶ãÌãÊã Êãã¼ã 6729.12 4,541.31
Diluted earnings per share (Rs.) 126.50 86.10
¹ãÆãä¦ã Íãñ¾ãÀ ½ãîÊã ‚ãã¾ã (Á.) 126.62 86.10
Nominal value per share (Rs.) 10.00 10.00
‡ãŠ½ã ‡ãŠãè ØãƒÃ ¹ãÆãä¦ã Íãñ¾ãÀ ‚ãã¾ã (Á.) 126.50 86.10
h) Accounting for Taxes on Income
¹ãÆãä¦ã Íãñ¾ãÀ ¶ãã½ã½ãã¨ã ½ãîʾã (Á.) 10.00 10.00
i. During the year, Rs. 219.43 crore [Previous Year Rs. 19.83 crore] has
•ã) ‚ãã¾ã ¹ãÀ ‡ãŠÀ ‡ãŠã ÊãñŒãã‡ãŠÀ¥ã been credited to Profit and Loss Account by way of adjustment of
i. ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ‚ããÔ©ããäØã¦ã ‡ãŠÀ Ôã½ãã¾ããñ•ã¶ã ‡ãñŠ ´ãÀã Êãã¼ã ‚ããõÀ Öããä¶ã Œãã¦ãñ ½ãò Á 219.43 ‡ãŠÀãñü¡ deferred tax.
(ãä¹ãœÊãñ ÌãÓãà Á.19.83 ‡ãŠÀãñü¡) •ã½ãã ãä‡ãŠ¾ãã Øã¾ãã. ii. During the year, Rs 125.53 crore was reversed to “tax paid in advance
account” by an adjustment to deferred tax liability in respect of
ii. ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ‡ãñŠ ``ªñ¾ã'' ‚ãã£ããÀ ¹ãÀ º¾ãã•ã ‡ãñŠ ‡ãŠÀ-ãä¶ã£ããÃÀ¥ã Ôãñ Ô㽺㮠‚ããÔ©ããäØã¦ã
taxation of interest on securities on “due” basis, as the same was
‡ãŠÀ ªñ¾ã¦ãã ½ãò Ôã½ãã¾ããñ•ã¶ã ´ãÀã Á.125.53 ‡ãŠÀãñü¡ ‡ãŠã ``‚ããäØãƽ㠌ãã¦ãñ ½ãò ¹ãƪ§ã ‡ãŠÀ'' ½ãò ¹ãƦ¾ããÌã¦ãöã earlier created by debit to “tax paid in advance account” based on an
ãä‡ãŠ¾ãã Øã¾ãã, ƒÔã‡ãñŠ ¹ãîÌãà ¾ãÖ ¹ãƦ¾ããÌã¦ãöã ãäÌãÍãñÓã—ããò ‡ãŠãè Àã¾ã ‡ãñŠ ‚ã¶ãìÔããÀ ``‚ããäØãƽ㠌ãã¦ãñ ½ãò ¹ãƪ§ã expert’s opinion.
‡ãŠÀ'' ½ãò ¶ãã½ãñ ´ãÀã ãä‡ãŠ¾ãã Øã¾ãã ©ãã ý iii. During the year Rs. 181.06 crore (previous year Nil) has been netted off
iii. ÌãÓãà ‡ãñŠ ªãõÀã¶ã Á. 181.06 ‡ãŠÀãñü¡ (ãä¹ãœÊãñ ÌãÓãà ãä¶ãâÀâ‡ãŠ) ‡ãŠãñ Àã•ãÔÌã ‚ããõÀ ‚ããÀãäàããä¦ã¾ããò ‡ãñŠ ¶ãã½ãñ ‡ãŠÀ by debit to Revenue and other Reserve by way of adjustment of deferred
Ôã½ãã¾ããñãä•ã¦ã ãä‡ãŠ¾ãã Øã¾ããý ƒÔãñ ªãèÜããÃÌããä£ã ‡ãŠ½ãÃÞããÀãè ãäÖ¦ãÊãã¼ã (¹ãòÍã¶ã ‡ãŠãñ œãñü¡‡ãŠÀ) ‡ãñŠ ¦ãÖ¦ã Á. 532.70 tax on Transitional Liability of Rs. 532.70 crore towards long term
‡ãŠÀãñ¡ ‡ãñŠ Ôãâ‰ãŠ½ã¥ããè¾ã ªããä¾ã¦Ìã ¹ãÀ ‚ããÔ©ããäØã¦ã ‡ãŠÀ ªããä¾ã¦Ìã ‡ãñŠ ½ã㣾ã½ã Ôãñ Ôã½ãã¾ããñãä•ã¦ã ãä‡ãŠ¾ãã Øã¾ãã ý employee benefits (other than pension)

iv. ºãö‡ãŠ ‡ãŠãè ºã‡ãŠã¾ãã ãä¶ãÌãÊã ‚ããÔ©ããäØã¦ã ‡ãŠÀ ‚ãããäÔ¦ã Á 42.05 ‡ãŠÀãñü¡ Öõ (ãä¹ãœÊãñ ÌãÓãà - iv. The Bank has outstanding net deferred tax asset of Rs. 42.05 crore
(Previous Year-Deferred tax liability of Rs. 483.68 crore), which has been
‚ããÔ©ããäØã¦ã ‡ãŠÀ ªñ¾ã¦ãã Á.483.68 ‡ãŠÀãñü¡ ©ããè), ƒÔãñ ‰ãŠ½ãÍã: ‚㶾㠂ãããäÔ¦ã¾ããú - ‚㶾ã
included in other assets-others and other liabilities- others respectively.
‚ããõÀ ‚㶾㠪ñ¾ã¦ãã†ú - ‚㶾㠽ãò •ããñü¡ ã䪾ãã Øã¾ãã Öõ. ¹ãƽãìŒã ½ãªãò ½ãò ‚ããÔ©ããäØã¦ã ‡ãŠÀ The break up of deferred tax assets and liabilities into major items is
‚ãããäÔ¦ã¾ããò ‚ããõÀ ªñ¾ã¦ãã‚ããò ‡ãŠã ‚ãÊãØã-‚ãÊãØã ãäÌãÌãÀ¥ã ãä¶ã½¶ãÌã¦ã Öõ : given below:
ãäÌãÌãÀ¥ã 31 ½ããÞãà 2008 ‡ãŠãè 31 ½ããÞãà 2007 ‡ãŠãè Particulars As at As at
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ 31-Mar-2008 31-Mar-2007
‚ããÔ©ããäØã¦ã ‡ãŠÀ ‚ãããäÔ¦ã¾ããú Deferred Tax Assets
Ìãñ¦ã¶ã ÔãâÍããñ£ã¶ã ‡ãñŠ ãäÊㆠ¹ãÆãÌã£ãã¶ã 195.44 --- Provision for wage revision 195.44 —
ªãèÜããÃãäÌããä£ã ‡ãŠ½ãÃÞããÀãè ãäÖ¦ãÊãã¼ã ‡ãñŠ ãäÊㆠ¹ãÆãÌã£ãã¶ã 181.06 --- Provision for long term
employees’ benefits 181.06 —
†ãä‡ã‹•ã› ãäÌã‡ãŠÊ¹ã ‡ãñŠ ãäÊㆠ¹ãƪ§ã ‚ã¶ãìØãÆÖ ÀããäÍã 145.44 143.38
Ex-gratia paid under Exit option 145.44 143.38
‚㶾ã 118.88 97.51 Others 118.88 97.51
¾ããñØã 640.82 240.89 Total 640.82 240.89

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 ãäÌãÌãÀ¥ã 31 ½ããÞãà 2008 ‡ãŠãè 31 ½ããÞãà 2007 ‡ãŠãè Particulars As at As at
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ 31-Mar-2008 31-Mar-2007

‚ããÔ©ããäØã¦ã ‡ãŠÀ ªñ¾ã¦ãã†ú Deferred Tax Liabilities

‚ãÞãÊã ‚ãããäÔ¦ã¾ããò ¹ãÀ ½ãîʾãÖÆãÔã 103.00 103.27 Depreciation on Fixed Assets 103.00 103.27

¹ãÆãä¦ã¼ãîãä¦ã¾ããò ¹ãÀ º¾ãã•ã 495.77 621.30 Interest on securities 495.77 621.30

Total 598.77 724.57
¾ããñØã 598.77 724.57
Net Deferred Tax Assets/(Liabilities) 42.05 (483.68)
ãä¶ãÌãÊã ‚ããÔ©ããäØã¦ã ‡ãŠÀ ‚ãããäÔ¦ã¾ããú/(ªñ¾ã¦ãã†ú) 42.05 (483.68)
i) Investments in jointly controlled entities
¢ã. Ôãâ¾ãì‡ã‹¦ã ¹ã Ôãñ ãä¶ã¾ãâãä¨ã¦ã ‡ã⊹ããä¶ã¾ããò ½ãò ãäÌããä¶ã£ãã¶ã
Investments include Rs. 15.70 crore (Previous Year Rs.15.70 crore)
Ôãâ¾ãì‡ã‹¦ã ¹ã Ôãñ ãä¶ã¾ãâãä¨ã¦ã ãä¶ã½¶ããäÊããäŒã¦ã ‡ã⊹ããä¶ã¾ããò ‡ãñŠ ãäÌããä¶ã£ãã¶ããò ½ãò Á.15.70 ‡ãŠÀãñü¡ Á¹ã† (ãä¹ãœÊãñ ÌãÓãà representing Bank’s interest in the following jointly controlled entities
Á.15.70 ‡ãŠÀãñü¡) ‡ãŠã ºãö‡ãŠ ‡ãŠã ãäÖÔÔãã Íãããä½ãÊã Öõ :
Sr. Name of the Company Amount Country of Holding %
‰ãŠ½ã Ôãâ. ‡ã⊹ã¶ããè ‡ãŠã ¶ãã½ã ÀããäÍã ½ã쌾ããÊã¾ã £ãããäÀ¦ãã No. Residence
1 •ããèƒÃ ‡ãŠõãä¹ã›Êã ãäºã•ã¶ãñÔã ¹ãÆãñÔãñÔã ½ãõ¶ãñ•ã½ãñâ› ÔããäÃÌãÔãñû•ã ¹ãÆã.ãäÊã. 10.80 ¼ããÀ¦ã 40% 1 GE Capital Business Process
(10.80) Management Services Pvt. Ltd. 10.80 India 40%
(10.80)
2 Ôããè-†•ã ›ñ‡ã‹¶ããñÊããù•ããè•ã ãäÊã. 4.90 ¼ããÀ¦ã 49%
2 C - Edge Technologies Ltd. 4.90 India 49%
(4.90)
(4.90)
(‡ãŠãñÓŸ‡ãŠãò ½ãò ã䪆 Øㆠ‚ããâ‡ãŠü¡ñ ãä¹ãœÊãñ ÌãÓãà ‡ãñŠ Öö )
(Figures in brackets relate to previous year)
ÊãñŒãã ½ãã¶ã‡ãŠ 27 ‡ãŠãè ‚ã¹ãñàãã ‡ãñŠ ‚ã¶ãìÔããÀ, Ôãâ¾ãì‡ã‹¦ã ¹ã Ôãñ ãä¶ã¾ãâãä¨ã¦ã ‡ã⊹ããä¶ã¾ããò ½ãò ºãö‡ãŠ ‡ãñŠ ãäÖÔÔãñ Ôãñ Ôãâºãâãä£ã¦ã As required by AS 27, the aggregate amount of the assets, liabilities, income
‚ãããäÔ¦ã¾ããò, ªñ¾ã¦ãã‚ããò, ‚ãã¾ã ‚ããõÀ ̾ã¾ã ‡ãŠãè ‡ãìŠÊã ÀããäÍã ãä¶ã½¶ãã¶ãìÔããÀ ¹ãƇ㊛ ‡ãŠãè ØãƒÃ Öõ: and expenses related to the Bank’s interests in jointly controlled entities are
ãäÌãÌãÀ¥ã 31 ½ããÞãà 2008 ‡ãŠãè 31 ½ããÞãà 2007 ‡ãŠãè disclosed as under:
ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ ãäÔ©ããä¦ã ‡ãñŠ ‚ã¶ãìÔããÀ Particulars As at As at
ªñ¾ã¦ãã†ú 31-Mar-2008 31-Mar-2007
¹ãîâ•ããè ‚ããõÀ ‚ããÀãäàããä¦ã¾ããú 63.21 52.13 Liabilities
•ã½ããÀããäÍã¾ããú — — Capital & Reserves 63.21 52.13

„£ããÀ-ÀããäÍã¾ããú 0.35 0.21 Deposits — —

Borrowings 0.35 0.21
‚㶾㠪ñ¾ã¦ãã†ú †Ìãâ ¹ãÆãÌã£ãã¶ã 27.05 20.60
Other Liabilities & Provisions 27.05 20.60
¾ããñØã 90.61 72.94
Total 90.61 72.94
‚ãããäÔ¦ã¾ããú
Assets
¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ½ãò ¶ã‡ãŠª ‚ããõÀ •ã½ããÀããäÍã¾ããú 0.01 0.01 Cash and Balances with RBI 0.01 0.01
ºãö‡ãŠãò ½ãò •ã½ããÀããäÍã¾ããú ‚ããõÀ ½ããúØã ¦ã©ãã ‚ãʹã ÔãîÞã¶ãã ¹ãÀ ¹ãÆ㹾㠣ã¶ãÀããäÍã 2.04 3.66 Balances with Banks and money at call
ãäÌããä¶ã£ãã¶ã 2.62 2.47 and short notice 2.04 3.66
‚ããäØãƽ㠗 — Investments 2.62 2.47

‚ãÞãÊã ‚ãããäÔ¦ã¾ããú 15.03 19.79 Advances — —

Fixed Assets 15.03 19.79
‚㶾㠂ãããäÔ¦ã¾ããú 70.91 47.01
Other Assets 70.91 47.01
¾ããñØã 90.61 72.94
Total 90.61 72.94
¹ãîú•ããè ¹ãÆãä¦ãºã®¦ãã†ú ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ Capital Commitments Nil Nil
‚㶾㠂ãã‡ãŠãäÔ½ã‡ãŠ ªñ¾ã¦ãã†ú ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ Other Contingent Liabilities Nil Nil
‚ãã¾ã Income
‚ããä•ãæ㠺¾ãã•ã 5.69 0.04 Interest earned 5.69 0.04
‚㶾㠂ãã¾ã 61.63 65.85 Other income 61.63 65.85
¾ããñØã 67.32 65.89 Total 67.32 65.89
̾ã¾ã Expenditure

̾ã¾ã ãä‡ãŠ¾ãã Øã¾ãã º¾ãã•ã — — Interest expended — —

Operating expenses 49.81 38.25
¹ããäÀÞããÊã¶ã ̾ã¾ã 49.81 38.25
Provisions & contingencies 6.43 10.07
¹ãÆãÌã£ãã¶ã †Ìãâ ‚ãã‡ãŠãäÔ½ã‡ãŠ ̾ã¾ã 6.43 10.07
Total 56.24 48.32
¾ããñØã 56.24 48.32
Profit 11.08 17.57
Êãã¼ã 11.08 17.57
j) Impairment of Assets
šã) ‚ãããäÔ¦ã¾ããò ‡ãŠãè ‚ã¹ãÔãã½ã㶾ã¦ãã In the opinion of the Bank’s Management, there is no impairment to the
ºãö‡ãŠ ¹ãƺãâ£ã¶ã ‡ãŠãè ÒãäÓ› ½ãò, ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ‚ãããäÔ¦ã¾ããò ‡ãŠãè ‚ã¹ãÔãã½ã㶾ã¦ãã ‡ãŠã ‡ãŠãñƒÃ †ñÔãã ½ãã½ãÊãã ¶ãÖãé Öõ assets during the year to which Accounting Standard 28 - “Impairment of
ãä•ãÔã ¹ãÀ ÊãñŒãã ½ãã¶ã‡ãŠ 28 - ``‚ãããäÔ¦ã¾ããò ‡ãŠãè ‚ã¹ãÔãã½ã㶾ã¦ãã'' ÊããØãî Öãñ. Assets” applies.

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›) ¹ãÆãÌã£ãã¶ã, ‚ãã‡ãŠãäÔ½ã‡ãŠ ªñ¾ã¦ãã†ú ‚ããõÀ ‚ãã‡ãŠãäÔ½ã‡ãŠ ‚ãããäÔ¦ã¾ããú k) Provisions, Contingent Liabilities & Contingent Assets
‡ãŠ) ¹ãÆãÌã£ãã¶ããò ‡ãŠã ‚ãÊãØã-‚ãÊãØã ãäÌãÌãÀ¥ã a) Break-up of Provisions
Particulars Current Year Previous Year
ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà Provision for Taxation
‡ãŠÀ ¼ãìØã¦ãã¶ã Öñ¦ãì ¹ãÆãÌã£ãã¶ã Current Tax 3823.50 3014.61
ÞããÊãî ‡ãŠÀ 3823.50 3014.61 Fringe Benefit Tax 105.00 88.50
Deferred Tax (219.43) (19.83)
‚ã¶ãìÓãâØããè Êãã¼ã ‡ãŠÀ 105.00 88.50
Other Tax 0.70 0.49
‚ããÔ©ããäØã¦ã ‡ãŠÀ (219.43) (19.83) Provision for Depreciation on Investments (88.68) 379.23
‚㶾㠇ãŠÀ 0.70 0.49 Provision on Non-Performing Assets 2000.94 1429.50
Provision on Standard Assets 566.97 589.19
ãäÌããä¶ã£ãã¶ããò ¹ãÀ ½ãîʾãÖÆãÔã ‡ãñŠ ãäÊㆠ¹ãÆãÌã£ãã¶ã (88.68) 379.23
Provision for Other Assets 189.43 (23.06)
‚ãÊãã¼ã‡ãŠãÀãè ‚ãããäÔ¦ã¾ããò ¹ãÀ ¹ãÆãÌã£ãã¶ã 2000.94 1429.50 Total 6378.43 5458.63
½ãã¶ã‡ãŠ ‚ãããäÔ¦ã¾ããò ¹ãÀ ¹ãÆãÌã£ãã¶ã 566.97 589.19 b) Floating Provisions
‚㶾㠂ãããäÔ¦ã¾ããò ‡ãñŠ ãäÊㆠ¹ãÆãÌã£ãã¶ã 189.43 (23.06) Particulars Current Year Previous Year
¾ããñØã 6378.43 5458.63 Opening Balance Nil Nil
Addition during the year Nil Nil
Œã) ‚ãÔ©ãã¾ããè ¹ãÆãÌã£ãã¶ã
Draw down during the year Nil Nil
ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà Closing Balance Nil Nil
‚ã©ãÍãñÓã ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ c) Description of Contingent Liabilities and Contingent Assets

ÌãÓãà ‡ãñŠ ªãõÀã¶ã ¹ããäÀÌã£ãöã
ÌãÓãà ‡ãñŠ ªãõÀã¶ã ‚ããÖÀ¥ã ´ãÀ㠇㊽ããè
ƒãä¦ã ÍãñÓã
Øã) ‚ãã‡ãŠãäÔ½ã‡ãŠ ªñ¾ã¦ãã‚ããò ‚ããõÀ ‚ãã‡ãŠãäÔ½ã‡ãŠ ‚ãããäÔ¦ã¾ããò ‡ãŠã ãäÌãÌãÀ¥ã
‰ãŠ½ã Ôãâ. ãäÌãÌãÀ¥ã
1 ºãö‡ãŠ ‡ãñŠ ãäÌãÁ® †ñÔãñ ªãÌãñ •ããñ ¨ãÉ¥ã
‡ãñŠ ¹㠽ãò ‚ããä¼ãÔÌããè‡ãðŠ¦ã ¶ãÖãé Öö.
2 ºã‡ãŠã¾ãã Ìãã¾ãªã ãäÌããä¶ã½ã¾ã ÔãâãäÌãªã‚ããò
‡ãñŠ ‡ãŠãÀ¥ã ªñ¾ã¦ãã†ú
3 ØãÆãÖ‡ãŠãò, ãäºãÊããò †Ìãâ Öìâã䡾ããò, ¹ãÀãâ‡ãŠ¶ããò
¦ã©ã㠂㶾㠪ããä¾ã¦Ìããò ‡ãŠãè ‚ããñÀ Ôãñ
ªãè ØãƒÃ ØããÀâã䛾ããú
4 ‚㶾㠽ãªò ãä•ã¶ã‡ãñŠ ãäÊㆠºãö‡ãŠ
‚ãã‡ãŠãäÔ½ã‡ãŠ ¹ã Ôãñ ãä•ã½½ãñªãÀ Öõ.
ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ Sr. No. Particulars Brief Description
1 Claims against the Bank The Bank is a party to various
ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ
not acknowledged as debts proceedings in the normal course of
ãä¶ãÀâ‡ãŠ ãä¶ãÀâ‡ãŠ business. The Bank does not expect
the outcome of these proceedings to
have a material adverse effect on the
Bank’s financial conditions, results of
Ôãâãäà㹦ã ãäÌãÌãÀ¥ã operations or cash flows.
̾ãÌãÔãã¾ã ‡ãŠãè Ôãã½ã㶾㠹ãÆãä‰ãŠ¾ãã ½ãò ºãö‡ãŠ ãäÌããä¼ã¶¶ã 2 Liability on account of The Bank enters into foreign
‡ãŠã¾ãÃÌãããäÖ¾ããò ½ãò †‡ãŠ ¹ãàã Öõ. ºãö‡ãŠ ‡ãŠãñ †ñÔããè „½½ããèª outstanding forward exchange contracts, currency options,
¶ãÖãé Öõ ãä‡ãŠ ƒ¶ã ‡ãŠã¾ãÃÌãããäÖ¾ããò ‡ãñŠ ¹ããäÀ¥ãã½ã ‡ãŠã ¦ãããä¦Ìã‡ãŠ exchange contracts forward rate agreements, currency
¹ãÆãä¦ã‡ãîŠÊã ¹ãƼããÌã ºãö‡ãŠ ‡ãŠãè ãäÌã§ããè¾ã ãäÔ©ããä¦ã¾ããò, ¹ããäÀÞããÊã¶ã swaps and interest rate swaps with
¹ããäÀ¥ãã½ããò ¾ãã ¶ã‡ãŠªãè ¹ãÆÌããÖ ¹ãÀ ¹ãü¡ñØãã. inter-Bank participants on its own
account and for customers. Forward
ºãö‡ãŠ ‚ã¹ã¶ãñ ãä¶ã•ããè Œãã¦ãñ ‚ããõÀ ØãÆãÖ‡ãŠãò ‡ãŠãè ‚ãâ¦ãÀ- exchange contracts are commitments
to buy or sell foreign currency at a
ºãö‡ãŠ ÔãÖ¼ãããäØã¦ãã Ôãñ ãäÌãªñÍããè ãäÌããä¶ã½ã¾ã ÔãâãäÌãªã, ½ãì³ã
future date at the contracted
ãäÌã‡ãŠÊ¹ã, Ìãã¾ãªã ªÀ ‡ãŠÀãÀ, ½ãì³ã ãäÌããä¶ã½ã¾ã ¦ã©ãã º¾ãã•ã rate. Currency swaps are
ªÀ ãäÌããä¶ã½ã¾ã ‡ãŠÀ¦ãã Öõ. Ìãã¾ãªã ãäÌããä¶ã½ã¾ã ÔãâãäÌãªã‚ããò ‡ãŠãè commitments to exchange cash flows
¹ãÆãä¦ãºã®¦ãã ãäÌãªñÍããè ½ãì³ã ‡ãŠãñ ¼ããäÌãӾ㠽ãò ÔãâãäÌãªãØã¦ã ªÀ by way of interest/principal in one
¹ãÀ ŒãÀã誶ãñ ¾ãã ºãñÞã¶ãñ ‡ãñŠ ãäÊㆠÖõ. ½ãì³ã ãäÌããä¶ã½ã¾ããò ‡ãŠãè currency against another, based on
predetermined rates. Interest rate
¹ãÆãä¦ãºã®¦ãã†ú ¹ãîÌãà ãä¶ã£ããÃãäÀ¦ã ªÀãò ‡ãñŠ ‚ãã£ããÀ ¹ãÀ †‡ãŠ ½ãì³ã
swaps are commitments to exchange
‡ãñŠ ãäÌã¹ãÀãè¦ã ªîÔãÀãè ½ãì³ã ‡ãŠãè º¾ãã•ã / ½ãîÊã ÀããäÍã ‡ãñŠ fixed and floating interest rate cash
Á¹ã ½ãò ãäÌããä¶ã½ã¾ã ¶ã‡ãŠªãè ¹ãÆÌããÖ ‡ãñŠ ãäÊㆠÖõâ . º¾ãã•ã ªÀ flows. The notional amounts that are
ãäÌããä¶ã½ã¾ã ‡ãŠãè ¹ãÆãä¦ãºã®¦ãã†ú ‚ãÞãÊã ãäÌããä¶ã½ã¾ã †Ìãâ ‚ãÔ©ãã¾ããè recorded as contingent liabilities, are
º¾ãã•ã ªÀ ¶ã‡ãŠªãè ¹ãÆÌããÖ ‡ãñŠ ãäÊㆠÖö. ‚ãã¶ãì½ãããä¶ã‡ãŠ ÀããäÍã¾ããú, typically amounts used as a
benchmark for the calculation of the
ãä•ã¶Öò ‚ãã‡ãŠãäÔ½ã‡ãŠ ªñ¾ã¦ãã‚ããò ‡ãñŠ ¹㠽ãò ª•ãà ãä‡ãŠ¾ãã Øã¾ãã
interest component of the contracts.
Öõ, ÔãâãäÌãªã‚ããò ‡ãñŠ º¾ãã•ã ‚ãâÍã ‡ãñŠ ¹ããäÀ‡ãŠÊã¶ã Öñ¦ãì ¶¾ãî¶ã¦ã½ã
3 Guarantees given on behalf As a part of its commercial Banking
½ãã¹ãªâ¡ ‡ãñŠ Á¹ã ½ãò ¹ãƾãì‡ã‹¦ã ãäÌããäÍãÓ› ÀããäÍã¾ããú Öõ.
of constituents, acceptances, activities, the Bank issues
‚ã¹ã¶ããè Ìãããä¥ããä•ã‡ãŠ ºãöãä‡ãâŠØã ‡ãŠã¾ãÃÌãããäÖ¾ããò ‡ãñŠ †‡ãŠ ¼ããØã endorsements and other documentary credits and guarantees
obligations on behalf of its customers.
‡ãñŠ ¹㠽ãò ºãö‡ãŠ ‚ã¹ã¶ãñ ØãÆãÖ‡ãŠãò ‡ãŠãè ‚ããñÀ Ôãñ ¹ãÆÊãñŒããè Documentary credits enhance the
¨ãɥ㠂ããõÀ ØããÀâ›ãè ¹ãƪã¶ã ‡ãŠÀ¦ãã Öõ. ¹ãÆÊãñŒããè ¨ãÉ¥ã credit standing of the customers of
Ôãñ ºãö‡ãŠ ‡ãñŠ ØãÆãÖ‡ãŠãò ‡ãŠãè ¨ãɥ㠂ãÌããäÔ©ããä¦ã ºãü¤¦ããè Öõ. ØããÀâã䛾ããú the Bank. Guarantees generally
Ôãã½ã㶾ã¦ã: ºãö‡ãŠ ‡ãŠãè ‚ããñÀ Ôãñ ‚ã›Êã ‚ããÍÌããÔã¶ã Öãñ¦ããè Öõâ represent irrevocable assurances that
ãä‡ãŠ ¾ããäª ØãÆãև㊠‚ã¹ã¶ãñ ãäÌã§ããè¾ã ¾ãã ãä¶ãÓ¹ã㪶㠪ããä¾ã¦Ìããò ‡ãŠãñ the Bank will make payment in the
event of the customer failing to fulfil
¹ãî¥ãà ‡ãŠÀ¶ãñ ½ãò ‚ãÔã¹ãŠÊã Öãñ¦ãã Öõ ¦ããñ ºãö‡ãŠ †ñÔããè ãäÔ©ããä¦ã its financial or performance
½ãò „¶ã‡ãŠã ¼ãìØã¦ãã¶ã ‡ãŠÀñØãã. obligations.
ºãö‡ãŠ ãäÌããä¼ã¶¶ã ‡ãŠÀ ãä¶ã£ããÃÀ¥ã ½ãã½ãÊããò, ãä•ã¶ãÔãñ Ô㽺㮠4 Other items for which the The Bank is a party to various
‚ã¹ããèÊãò ãäÌãÞããÀã£ããè¶ã Öö, ‡ãŠã †‡ãŠ ¹ãàã Öõ. ºãö‡ãŠ ‡ãŠãè Bank is contingently liable. taxation matters in respect of which
appeals are pending. These are being
‚ããñÀ Ôãñ ƒ¶ã ¹ãÀ ¹ãÆãä¦ãÌã㪠ãä‡ãŠ¾ãã •ãã ÀÖã Öõ ‚ããõÀ ƒ¶ã‡ãñŠ contested by the Bank and not
ãäÊㆠ‡ãŠãñƒÃ ¹ãÆãÌã£ãã¶ã ¶ãÖãé ãä‡ãŠ¾ãã Øã¾ãã Öõ. ¹ãì¶ã: ºãö‡ãŠ provided for. Further, the Bank has
¶ãñ ̾ãÌãÔãã¾ã ‡ãŠãè Ôãã½ã㶾㠹ãÆãä‰ãŠ¾ãã ½ãò Íãñ¾ãÀãò ‡ãŠã ‚ããä¼ãªã¶ã made commitments to subscribe to
‡ãŠÀ¶ãñ ‡ãŠãè ¹ãÆãä¦ãºã®¦ãã ‡ãŠãè Öõ. shares in the normal course of business.

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 Üã) …¹ãÀ „ãäÊÊããäŒã¦ã ‚ãã‡ãŠãäÔ½ã‡ãŠ ªñ¾ã¦ãã†ú ¾ã©ãããäÔ©ããä¦ã, ¶¾ãã¾ããÊã¾ã/¹ãâÞãã›/ ¶¾ãã¾ããÊã¾ã ‡ãñŠ ºããÖÀ Ôã½ã¢ããõ¦ãã, ‚ã¹ããèÊããò d) The contingent liabilities mentioned above are dependent upon the
‡ãñŠ ãä¶ã¹ã›ã¶ã, ÀããäÍã ‡ãñŠ ½ããúØãñ •ãã¶ãñ, ÔãâãäÌãªãØã¦ã ºã㣾ã¦ãã, Ôãâºãââãä£ã¦ã ¹ãàããò ´ãÀã ½ããúØã ¹ãÆÔ¦ããÌã ‡ãñŠ ‚ãâ¦ãÀ¥ã outcome of Court/ arbitration/out of Court settlements, disposal of
‚ããõÀ „Ôãñ „ªá¼ãî¦ã ‡ãŠÀ¶ãñ ‡ãñŠ ªããä¾ã¦Ìã ¹ãÀ ‚ãã£ãããäÀ¦ã Öõâ. appeals, the amount being called up, terms of contractual obligations,
devolvement and raising of demand by concerned parties, as the case
Ý) ‚ãã‡ãŠãäÔ½ã‡ãŠ ªñ¾ã¦ãã‚ããò ‡ãñŠ ãäÊㆠãä‡ãŠ† Øㆠ¹ãÆãÌã£ãã¶ããò ‡ãŠã „¦ããÀ-Þãü¤ãÌã may be.
ãäÌãÌãÀ¥ã ÞããÊãî ÌãÓãà ãä¹ãœÊãã ÌãÓãà e) Movement of provisions against contingent liabilities
‚ã©ãÍãñÓã 71.90 63.38 Particulars Current Year Previous Year
Opening balance 71.90 63.38
ÌãÓãà ‡ãñŠ ªãõÀã¶ã ¹ããäÀÌã£ãöã 19.90 12.76
Additions during the year 19.90 12.76
ÌãÓãà ‡ãñŠ ªãõÀã¶ã ‡ãŠ½ããè 14.36 4.24
Reductions during the year 14.36 4.24
ƒãä¦ã ÍãñÓã 77.44 71.90 Closing balance 77.44 71.90
18.10 ãäÌãÞããÀã£ããè¶ã Ìãñ¦ã¶ã ‡ãŠÀãÀ 18.10 Pending Wage Agreement
ÔãªÔ¾ã ºãö‡ãŠãò ‡ãŠãè ‚ããñÀ Ôãñ ¼ããÀ¦ããè¾ã ºãö‡ãŠ ÔãâÜã ´ãÀã ‚ããùÊã ƒâã䡾ãã ¾ãîãä¶ã¾ã¶Ôã ‚ããù¹ãŠ Ìã‡ãʽãõ¶ã ‡ãñŠ Ôãã©ã The Eighth Bipartite Settlement entered into by the Indian Banks’ Association
ãä‡ãŠ¾ãã Øã¾ãã ‚ããŸÌããú ãä´¹ãàããè¾ã Ôã½ã¢ããõ¦ãã 31 ‚ã‡ã‹›îºãÀ 2007 ‡ãŠãñ ‡ãŠãÊãã¦ããè¦ã Öãñ Øã¾ãã. ¶ã† Ôã½ã¢ããõ¦ãñ on behalf of the member Banks with the All India Unions of Workmen expired
‡ãñŠ ãäÌãÞããÀã£ããè¶ã ‡ãŠã¾ããöÌã¾ã¶ã ‡ãŠãè ¹ãðÓŸ¼ãîãä½ã ½ãò, ÊãñŒãñ ½ãò Á. 575 ‡ãŠÀãñü¡ ‡ãŠã ¹ãÆãÌã£ãã¶ã ãä‡ãŠ¾ãã Øã¾ãã on 31st October 2007. Pending the execution of a new agreement a provision of
Öõ - •ããñ ã䪶ããâ‡ãŠ 1 ¶ãÌ㽺ãÀ 2007 Ôãñ ¹ãƼããÌããè Öãñ¶ãñ ÌããÊãñ Ìãñ¦ã¶ã - ÔãâÍããñ£ã¶ã ‡ãñŠ ‡ãŠãÀ¥ã ºãö‡ãŠ ‡ãŠãè Rs. 575 crore has been made in the accounts for the Bank’s estimated liability in
respect of wage revision to be effective from 1st November 2007.
‚ã¶ãì½ãããä¶ã¦ã ªñ¾ã¦ãã Ôãñ Ôãâºãâãä£ã¦ã Öõ.
18.11 Proposed Merger
18.11 ¹ãÆÔ¦ãããäÌã¦ã ãäÌãÊã¾ã
Pursuant to a Scheme of Amalgamation approved by the Central Board at its
ã䪶ããâ‡ãŠ 25 ‚ãØãÔ¦ã 2007 ‡ãŠãñ ÖìƒÃ ‡ãòŠ³ãè¾ã ºããñ¡Ã ‡ãŠãè ºãõŸ‡ãŠ ´ãÀã Ôã½ãã¾ããñ•ã¶ã - ¾ããñ•ã¶ãã ‡ãñŠ ‚ã¶ãì½ããñª¶ã meeting held on 25th August 2007, State Bank of Saurashtra, a wholly owned
‡ãñŠ ¹ãÍÞãã¦ãá , ºãö‡ãŠ ´ãÀã ¹ãî¥ãæã: £ãããäÀ¦ã ÔãÖã¾ã‡ãŠ ºãö‡ãŠ - ``ºãö‡ãŠ ‚ããù¹ãŠ ÔããõÀãÓ›È'' ‡ãŠã ºãö‡ãŠ ½ãò ãäÌãÊã¾ã Öãñ¶ãã subsidiary of the Bank is to be merged with the Bank. The relevant scheme is yet
Öõ. ¹ãÆãÔãâãäØã‡ãŠ ¾ããñ•ã¶ãã ‡ãŠã ‚ã¶ãì½ããñª¶ã, ¼ããÀ¦ã ÔãÀ‡ãŠãÀ, ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ¦ã©ã㠂㶾㠹ãÆãããä£ã‡ãŠããäÀ¾ããò ´ãÀã to be approved by the Government of India, RBI and other authorities. Pending
ãä‡ãŠ¾ãã •ãã¶ãã ºãã‡ãŠãè Öõ. ƒ¶ã ‚ã¶ãì½ããñª¶ããò ‡ãñŠ ãäÌãÞããÀã£ããè¶ã Öãñ¶ãñ ‡ãñŠ ‡ãŠãÀ¥ã, „‡ã‹¦ã ¾ããñ•ã¶ãã ‡ãŠãñ ƒ¶ã ÊãñŒããò such approvals no effect has been given to the said scheme in these Accounts.
½ãò ‡ãŠãñƒÃ Ô©ãã¶ã ¶ãÖãé ã䪾ãã Øã¾ãã Öõ. 18.12 Exit Option
18.12 †ãä‡ã‹•ã› ãäÌã‡ãŠÊ¹ã The Bank had implemented an Exit Option Scheme for its eligible employees.
The ex-gratia payments under exit option aggregating to Rs. 140.00 crore (previous
ºãö‡ãŠ ¶ãñ ‚ã¹ã¶ãñ ‡ãŠ½ãÃÞãããäÀ¾ããò ‡ãŠãè ¹ãã¨ã¦ãã ‡ãñŠ ‚ã¶ãì¹㠆ãä‡ã‹•ã› ãäÌã‡ãŠÊ¹ã ¾ããñ•ã¶ãã ‡ãŠã¾ããÃãä¶Ìã¦ã ‡ãŠãè. ÌãÓãà ‡ãñŠ
year Rs. 478.30 crore) have been charged to the Profit & Loss Account during the
ªãõÀã¶ã, †ãä‡ã‹•ã› ãäÌã‡ãŠÊ¹ã ‡ãñŠ ‚ã£ããè¶ã ‡ãìŠÊã 140.00 ‡ãŠÀãñü¡ Á¹ã† (ãä¹ãœÊãñ ÌãÓãà 478.30 ‡ãŠÀãñü¡ Á¹ã†) year.
‡ãŠãè ‚ã¶ãìØãÆÖ ‚ãªã¾ãØããè ‡ãŠãñ Êãã¼ã ‚ããõÀ Öããä¶ã Œãã¦ãñ ½ãò ¹ãƼãããäÀ¦ã ãä‡ãŠ¾ãã Øã¾ãã Öõ.
18.13 Inter Office Accounts / Government Accounts/ Suspense Accounts
18.13 ‚ãâ¦ãÀ ‡ãŠã¾ããÃÊã¾ã Œãã¦ãã /ÔãÀ‡ãŠãÀãè Œãã¦ãã/„Þãâ¦ããè Œãã¦ãã Inter Office transactions between branches, controlling offices and local head
ÍããŒãã‚ããò, ãä¶ã¾ãâ¨ã‡ãŠ ‡ãŠã¾ããÃÊã¾ããò ‚ããõÀ ‡ãŠãÀ¹ããñÀñ› ‡ãòŠ³ ‡ãñŠ ¹ãÆãä¦ãÓŸã¶ããò ‡ãñŠ ºããèÞã Êãñ¶ã-ªñ¶ã ‡ãŠã Ôã½ãã¾ããñ•ã¶ã 31 offices and corporate centre establishment have been reconciled upto 31st
ãäªÔ㽺ãÀ 2007 ¦ã‡ãŠ ‡ãŠãè ‚ãÌããä£ã ‡ãñŠ ãäÊㆠãä‡ãŠ¾ãã Øã¾ãã Öõ. ºã‡ãŠã¾ãã ¹ãÆãäÌããäÓ›¾ããò ‡ãñŠ Ôã½ãã¾ããñ•ã¶ã / Ôã½ããã书ã December 2007. Further, pipeline transitions in respect of foreign exchange, gold,
‡ãñŠ ãäÊㆠ‡ãŠª½ã „Ÿã† •ãã ÀÖñ Öö. ƒÔã‡ãñŠ ‚ããä¦ããäÀ‡ã‹¦ã, ãäÌãªñÍããè ½ãì³ã, ÔÌã¥ãÃ, ½ãì³ã - Êãñ¶ã-ªñ¶ããò ‚ããõÀ ÔãÀ‡ãŠãÀãè currency transactions and Government transactions are under reconciliation.
Êãñ¶ã-ªñ¶ããò ‡ãñŠ Ôã½ãã¾ããñ•ã¶ã ‡ãñŠ ãäÊㆠ¹ãƾããÔã ãä‡ãŠ† •ãã ÀÖñ Öõ. ƒ¶ã ¹ãƾããÔããò ‡ãŠã ¾ããäª ºãö‡ãŠ ‡ãñŠ ãäÌã§ããè¾ã ãäÌãÌãÀ¥ã Steps for adjustment / elimination of outstanding entries are in progress. These
balances are subject to reconciliation, the ultimate effect of which is not expected
¹ãÀ ‡ãŠãñƒÃ ¹ãƼããÌã ¹ãü¡ã Öõ ¦ããñ „Ôãñ —ãã¦ã ¶ãÖãé ãä‡ãŠ¾ãã •ãã Ôã‡ãŠã Öõ.
to be material.
18.14 ¹ãòÍã¶ã ãä¶ããä£ã ½ãò ‚ããä¦ããäÀ‡ã‹¦ã ‚ãâÍãªã¶ã 18.14 Additional Contribution to Pension Fund
¼ããÀ¦ã ÔãÀ‡ãŠãÀ, ºãö‡ãŠ ‡ãŠãè ¹ãòÍã¶ã ãä¶ããä£ã ãä¶ã¾ã½ããÌãÊããè ½ãò ¾ãÖ „ãäÊÊããäŒã¦ã Öõ ãä‡ãŠ ºãö‡ãŠ Ìãñ¦ã¶ã ‡ãŠã The Bank’s Pension fund rules state that the bank shall contribute 10% of salary
10% ¹ãòÍã¶ã ãä¶ããä£ã ½ãò ‚ãâÍãªã¶ã ‡ãŠÀñØããý ¼ããÀ¦ã ÔãÀ‡ãŠãÀ ¶ãñ Ôãì¢ããÌã ã䪾ãã Öõ ãä‡ãŠ ºãö‡ãŠ ãä¶ããä£ã ‡ãŠãè to the Pension Fund. The Government of India, have advised the Bank to
ãä¶ã¾ã½ããÌãÊããè ‡ãñŠ ‚ã¶ãìÔããÀ ãä¶ããä£ã ½ãò ‚ãâÍãªã¶ã ‡ãŠÀñý ãä¹ãŠÀ ¼ããè, ÊãñŒãã ½ãã¶ã‡ãŠ 15 (ÔãâÍããñãä£ã¦ã 2005) contribute to the Pension Fund in accordance to the funds rules. However, in
‡ãñŠ ‚ã¶ãì¹㠂ããõÀ ºããè½ããâãä‡ãŠ‡ãŠ ½ãîʾã¶ããò ‡ãñŠ ‚ã¶ãìÔããÀ ¹ã¾ããù¦ã ãäÌãÌãñ‡ãŠ¹ãî¥ãà ¹ãÆãÌã£ãã¶ã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊㆠorder to comply with the Accounting Standard 15 (Revised 2005), and to make
ºãö‡ãŠ ¶ãñ ãäÌ㦦ããè¾ã ÌãÓãà ‡ãñŠ ªãõÀã¶ã ¹ãòÍã¶ã ãä¶ããä£ã ½ãò Á. 546 ‡ãŠÀãñü¡ (ãä¹ãœÊãñ ÌãÓãà Á. 864 ‡ãŠÀãñü¡) adequate prudential provisions in accordance with the actuarial valuations, the
‡ãŠã ‚ããä¦ããäÀ‡ã‹¦ã ‚ãâÍãªã¶ã ãä‡ãŠ¾ããý Bank has made an additional contribution of Rs.546 crore (previous year Rs.864
crore) to the Pension Fund during the financial year.
18.15 ãä¹ãœÊãñ ÌãÓãà ‡ãñŠ ‚ããâ‡ãŠü¡ãò ‡ãŠã ÞããÊãî ÌãÓãà ‡ãñŠ ‚ããâ‡ãŠü¡ãò Ôãñ ãä½ãÊãã¶ã ‡ãŠÀ¶ãñ ‡ãŠãè ÒãäÓ› Ôãñ „¶Öò ¾ã©ããÌã;ã‡ãŠ
18.15 Previous year’s figures have been regrouped and reclassified, wherever necessary
‚ããõÀ ¾ã©ãããä¶ã£ããÃÀ¥ãÌãÍã, ¹ãì¶ãÔãýãîãä֦㠆Ìãâ ¹ãì¶ãÌãÃØããê‡ãðŠ¦ã ‡ãŠÀ ã䪾ãã Øã¾ãã Öõ. ãä•ã¶ã ½ãã½ãÊããò ½ãò ¼ããÀ¦ããè¾ã ãäÀû•ãÌãà and determinable, to make them comparable with current year’s figures. In cases
ºãö‡ãŠ ‡ãñŠ ãäªÍãã-ãä¶ãªóÍããò / ÊãñŒãã ½ãã¶ã‡ãŠãò ‡ãñŠ ‚ã¶ãìÔããÀ ¹ãƇ㊛ãè‡ãŠÀ¥ã ¹ãÖÊããè ºããÀ ãä‡ãŠ¾ãã Øã¾ãã Öõ „¶ã‡ãñŠ ãäÌãØã¦ã where disclosures have been made for the first time in terms of RBI guidelines /
ÌãÓãà ‡ãñŠ ‚ããâ‡ãŠü¡ñ ¶ãÖãé ã䪆 ØㆠÖö. Accounting Standards, previous year’s figures have not been mentioned.

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WpZOrY ∫J>uJ> Vvõ@‚ STATE BANK OF INDIA
31 XpE{ 2008 @‚pu _XpØO \^{ @u‚ <[h S@‚Qr T}\p` <\\ZN
CASH FLOW STATEMENT FOR THE PERIOD ENDED 31ST MARCH 2008 (000 @‚pu F>puÊ <QYp BYp `v)
(000s omitted)
31.3.2008 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãà 31.3.2007 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãÃ
Year ended 31.3.2008 Year ended 31.3.2007
(ÞããÊãî ÌãÓãà current year) (ãä¹ãœÊãã ÌãÓãà previous year)

‡ãŠ ¹ããäÀÞããÊã¶ã ‡ãŠã¾ãÇãŠÊãã¹ããò Ôãñ ¶ã‡ãŠªãè ¹ãÆÌããÖ

A. CASH FLOW FROM OPERATING ACTIVITIES (8,568,654) (17,640,724)
Œã ãäÌããä¶ã£ãã¶ã ‡ãŠã¾ãÇãŠÊãã¹ããò Ôãñ ¶ã‡ãŠªãè ¹ãÆÌããÖ
B. CASH FLOW FROM INVESTING ACTIVITIES (27,980,117) (2,965,555)
Øã ãäÌã§ã¹ããñÓã¥ã ‡ãŠã¾ãÇãŠÊãã¹ããò Ôãñ ¶ã‡ãŠªãè ¹ãÆÌããÖ
C. CASH FLOW FROM FINANCING ACTIVITIES 193,711,165 94,941,131
¶ã‡ãŠªãè †Ìãâ ¶ã‡ãŠªãè Ôã½ã¦ãìʾããò ½ãò ãä¶ãÌãÊã ¹ããäÀÌã¦ãöã
NET CHANGE IN CASH AND CASH EQUIVALENTS 157,162,394 74,334,852
Üã ÌãÓãà ‡ãñŠ ‚ããÀâ¼ã ½ãò ¶ã‡ãŠªãè †Ìãâ ¶ã‡ãŠªãè Ôã½ã¦ãìʾã
D. CASH AND CASH EQUIVALENTS AT THE
BEGINNING OF THE YEAR 519,686,900 445,600,011
Ý ãääÌãªñÍããè ãäÌããä¶ã½ã¾ã ªÀ ½ãò ¹ããäÀÌã¦ãöããò ‡ãŠã ¹ãƼããÌã
E. EFFECT OF FOREIGN EXCHANGE RATE CHANGES (2,185,944) (247,963)
Þã ÌãÓãà ‡ãŠãè Ôã½ããã书㠹ãÀ ¶ã‡ãŠªãè †Ìãâ ¶ã‡ãŠªãè Ôã½ã¦ãìʾã
F. CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 674,663,350 519,686,900

‡ãŠ ¹ããäÀÞããÊã¶ã ‡ãŠã¾ãÇãŠÊãã¹ããò Ôãñ ¶ã‡ãŠªãè ¹ãÆÌããÖ

A. CASH FLOW FROM OPERATING ACTIVITIES
‡ãŠÀ ¹ãîÌãà ãä¶ãÌãÊã Êãã¼ã / Net Profit before Taxes 104,389,003 76,250,791
Ôã½ãã¾ããñ•ã¶ã / Adjustment for :
½ãîʾãÖÆãÔã Íãìʇ㊠/ Depreciation charges 6,799,791 6,023,923
¹ã›á›ã‡ãðŠ¦ã ‚ãããäÔ¦ã¾ããò Ôããä֦㠂ãÞãÊã ‚ãããäÔ¦ã¾ããò ‡ãñŠ ãäÌã‰ãŠ¾ã ¹ãÀ Êãã¼ã
Profit on sale of fixed assets including leased assets (110,409) (74,720)
ãäÌããä¶ã£ãã¶ããñâ ‡ãñŠ ãäÌã‰ãŠ¾ã ¹ãÀ Êãã¼ã / Profit on sale of investments (16,498,391) (5,677,812)
ãäÌããä¶ã£ãã¶ããñâ ‡ãŠñ ¹ãì¶ãýãîʾããâ‡ãŠ¶ã ¹ãÀ Öããä¶ã / Loss on revalution of investments 7,035,007 6,407,190
‚ãÊãã¼ã‡ãŠãÀãè ‚ãããäÔ¦ã¾ããò ‡ãñŠ ãäÊㆠ¹ãÆãÌã£ãã¶ã / Provision for NPAs 20,009,363 14,295,031
½ãã¶ã‡ãŠ ‚ãããäÔ¦ã¾ããò ¹ãÀ ¹ãÆãÌã£ãã¶ã / Provision on Standard Assets 5,669,669 5,891,898
ãäÌããä¶ã£ãã¶ããò ¹ãÀ ½ãîʾãÖÆãÔã / Depreciation on Investments (886,815) 3,877,142
‚㶾㠂ãããäÔ¦ã¾ããò ¹ãÀ ¹ãÆãÌã£ãã¶ã (‚㶾㠹ãÆãÌã£ãã¶ã ÔããäÖ¦ã)
Provision on other assets (including Other Provision) 2,244,563 (230,556)
‚ã¶ãìÓãâãäØã¾ããò
/ Ôãâ¾ãì‡ã‹¦ã „²ã½ããò / àãñ¨ããè¾ã ØãÆã½ããè¥ã ºãö‡ãŠãò ¹ãÀ ¹ãÆãÌã£ãã¶ã /
Provision on Subsidiary/JVs/ RRBs (350,260) (84,943)
‚ã¶ãìÓãâãäØã¾ããò Ôãñ ¹ãÆ㹦ã Êãã¼ããâÍã (ãäÌããä¶ã£ãã¶ã ‡ãŠã¾ãÇãŠÊãã¹ã)
Dividends from Subsidiaires (Investing Activities) (1,974,055) (5,981,203)
†Ôãºããè‚ãムºããâ¡ãò ¹ãÀ Ôã⪧㠺¾ãã•ã (ãäÌã§ã¹ããñÓã¥ã ‡ãŠã¾ãÇãŠÊãã¹ã)
Interest paid on SBI Bonds (Financing Activity) 17,114,085 8,474,287
143,441,551 109,171,028
Üã›ã†ú : ¹ãƦ¾ãàã ‡ãŠÀ / Less: Direct Taxes (42,355,383) (42,821,253)

„¹ã ¾ããñØã / SUB TOTAL 101,086,168 66,349,775

133

C133 K133
 (000 @‚pu F>puÊ <QYp BYp `v)
(000s omitted)

31.3.2008 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãà 31.3.2007 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãÃ

Year ended 31.3.2008 Year ended 31.3.2007
(ÞããÊãî ÌãÓãà current year) (ãä¹ãœÊãã ÌãÓãà previous year)

Ôã½ãã¾ããñ•ã¶ã / Adjustment for

•ã½ããÀããäÍã¾ããò ½ãò Ìãðãä®/(‡ãŠ½ããè) / Increase/(Decrease) in Deposits 1,018,828,515 554,750,341

„£ããÀ - ÀããäÍã¾ããò ½ãò Ìãðãä®/(‡ãŠ½ããè) / Increase/(Decrease) in Borrowings 120,240,761 90,620,909

ãäÌããä¶ã£ãã¶ããò ½ãò (Ìãðãä®)/‡ãŠ½ããè / (Increase)/Decrease in Investments (374,636,388) 84,874,735

‚ããäØãƽããò ½ãò (Ìãðãä®)/‡ãŠ½ããè / (Increase)/Decrease in Advances (814,326,390) (769,650,607)

‚㶾㠪ñ¾ã¦ãã‚ããò ‚ããõÀ ¹ãÆãÌã£ãã¶ããò ½ãò Ìãðãä®/(‡ãŠ½ããè)

Increase/(Decrease) in Other Liabilities & Provisions 130,153,951 (32,521,510)

‚㶾㠂ãããäÔ¦ã¾ããò ½ãò (Ìãðãä®)/‡ãŠ½ããè / (Increase)/Decrease in Other Assets (189,915,271) (12,064,367)

¹ããäÀÞããÊã¶ã ‡ãŠã¾ãÇãŠÊãã¹ããò ´ãÀã ¹ãƪ§ã ãä¶ãÌãÊã ¶ã‡ãŠªãè

NET CASH PROVIDED BY OPERATING ACTIVITIES (8,568,654) (17,640,724)

Œã ãäÌããä¶ã£ãã¶ã ‡ãŠã¾ãÇãŠÊãã¹ããò Ôãñ ¶ã‡ãŠªãè ¹ãÆÌããÖ

B. CASH FLOW FROM INVESTING ACTIVITIES

‚ã¶ãìÓãâãäØã¾ããò / Ôãâ¾ãì‡ã‹¦ã-„²ã½ããò ½ãò ãäÌããä¶ã£ãã¶ã (Ìãðãä®) / ‡ãŠ½ããè

(Increase) / Decrease in Investments in Sub/ JVs (17,718,648) (2,338,227)

†ñÔãñ ãäÌããä¶ã£ãã¶ããò ¹ãÀ ‚ããä•ãæ㠂ãã¾ã

Income earned on such Investments 1,974,055 5,981,203

‚ãÞãÊã ‚ãããäÔ¦ã¾ããò ½ãò (Ìãðãä®)/‡ãŠ½ããè

(Increase) / Decrease in Fixed Assets (12,235,524) (6,608,531)

ãäÌããä¶ã£ãã¶ã ‡ãŠã¾ãÇãŠÊãã¹ããò ½ãò Ôãñ ãä¶ãÌãÊã ¶ã‡ãŠªãè

NET CASH FROM IN INVESTING ACTIVITIES (27,980,117) (2,965,555)

Øã ãäÌã§ã¹ããñÓã¥ã ‡ãŠã¾ãÇãŠÊãã¹ããò Ôãñ ¶ã‡ãŠªãè ¹ãÆÌããÖ

C. CASH FLOW FROM FINANCING ACTIVITIES

Íãñ¾ãÀ ¹ãîú•ããè / Share Capital 1,051,715 —

Íãñ¾ãÀ ¹ãÆãèãä½ã¾ã½ã / Share Premium 165,883,942 —

Øããõ¥ã ¨ãÉ¥ããñ ‡ãŠã ãä¶ãØãýã / Issue of Subordinated Debts 60,235,000 17,388,000

BpvN VpzL> <SB{X

Issue of Subordinated Bonds 9,027,000 94,429,000

BpvN VpzL> ½ããñÞã¶ã

Redemption of Subordinated Bonds (16,752,000) —

ºããâ¡ãò ¹ãÀ Ôã⪧㠺¾ãã•ã / Interest Paid on Bonds (17,114,085) (8,474,287)

Ôã⪦¦ã Êãã¼ããâÍã ‡ãŠÀ ÔããäÖ¦ã

Dividends paid including tax thereon (8,620,407) (8,401,582)

ãäÌã§ã¹ããñÓã¥ã ‡ãŠã¾ãÇãŠÊãã¹ããò ´ãÀã ¹ãƪ§ã ãä¶ãÌãÊã ¶ã‡ãŠªãè

NET CASH PROVIDED BY FINANCING ACTIVITIES 193,711,165 94,941,131

134

C134 K134
 (000 @‚pu F>puÊ <QYp BYp `v)
(000s omitted)

31.3.2008 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãà 31.3.2007 ‡ãŠãñ Ôã½ã㹦ã ÌãÓãÃ

Year ended 31.3.2008 Year ended 31.3.2007
(ÞããÊãî ÌãÓãà current year) (ãä¹ãœÊãã ÌãÓãà previous year)

Üã ÌãÓãà ‡ãñŠ ‚ããÀâ¼ã ½ãò ¶ã‡ãŠªãè †Ìãâ ¶ã‡ãŠªãè Ôã½ã¦ãìʾã

D. CASH AND CASH EQUIVALENTS
AT THE BEGINNING OF THE YEAR
Öã©ã ¶ã‡ãŠªãè (ƒÔã½ãò ãäÌãªñÍããè ‡ãŠÀòÔããè ¶ããñ› ¦ã©ãã ÔÌã¥ãà Ôããä½½ããäÊã¦ã Öö)
Cash in hand (including foreign currency notes and gold) 25,301,193 20,802,305
¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ½ãò •ã½ããÀããäÍã¾ããú
Balances with Reserve Bank of India 265,463,057 195,724,734
ºãö‡ãŠãò ½ãò •ã½ããÀããäÍã¾ããú ¦ã©ãã ½ããúØã †Ìãâ ‚ãʹã ÔãîÞã¶ãã ¹ãÀ ¹ãÆ㹾㠣ã¶ãÀããäÍã
Balances with Banks and Money at Call and Short Notice 228,922,650 229,072,972

¾ããñØã / Total 519,686,900 445,600,011

Ý ãäÌããä¶ã½ã¾ã „¦ããÀ-Þãü¤ãÌã - ¶ã‡ãŠªãè ¹ãÆÌããÖ

E. EXCHANGE FLUCTUATION CASH FLOWS
Øããõ¥ã ºããâ¡ ¹ãì¶ã½ãÃîʾã¶ã
Revaluation of Sub ordinated Bonds (1,291,723) —
ãäÌãªñÍããè ½ãì³ã ãäÌããä¶ã½ã¾ã ‚ããÀãäàããä¦ã
Foreign Currency Translation Reserve (894,221) (247,963)

¾ããñØã / Total (2,185,944) (247,963)

Þã ÌãÓãà ‡ãŠãè Ôã½ããã书㠹ãÀ ¶ã‡ãŠªãè †Ìãâ ¶ã‡ãŠªãè Ôã½ã¦ãìʾã

F. CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
Öã©ã ¶ã‡ãŠªãè (ƒÔã½ãò ãäÌãªñÍããè ‡ãŠÀòÔããè ¶ããñ› ¦ã©ãã ÔÌã¥ãà Ôããä½½ããäÊã¦ã Öö)
Cash in hand (including foreign currency notes and gold) 32,203,111 25,301,193
¼ããÀ¦ããè¾ã ãäÀû•ãÌãà ºãö‡ãŠ ½ãò •ã½ããÀããäÍã¾ããú
Balances with Reserve Bank of India 483,143,047 265,463,057
ºãö‡ãŠãò ½ãò •ã½ããÀããäÍã¾ããú ¦ã©ãã ½ããúØã †Ìãâ ‚ãʹã ÔãîÞã¶ãã ¹ãÀ ¹ãÆ㹾㠣ã¶ãÀããäÍã
Balances with Banks and Money at Call and Short Notice 159,317,192 228,922,650

¾ããñØã / Total 674,663,350 519,686,900

`∫OpbZ@‚Op{: SIGNED BY:

}
†Ôã. ‡ãñŠ. ¼ã›á›ãÞãã¾ãà Ananta C. Kalita S.K. Bhattacharyya

}
dSzO _r. @‚<[Op
Managing Director
‚ãÁ¥ã Àã½ã¶ãã©ã¶ã T}VzR <SQu]@ ‚ããõÀ ½ã쌾㠨ãÉ¥ã Arun Ramanathan
and Chief Credit & Risk Officer
†Ìãâ •ããñãäŒã½ã ‚ããä£ã‡ãŠãÀãè Dr. Deva Nand Balodhi
¡ãù. ªñÌãã ¶ã⪠ºãÊããñ£ããè
¡ãù. (Ñããè½ã¦ããè) ÌãÔãâ¦ãã ¼ãÁÞãã Dr. (Mrs.) Vasantha Bharucha Directors
<SQu]@‚ dpuX T}@‚p] WJoJ> O. P. Bhatt
Prof. Md. Salahuddin Ansari
¹ãÆãñ. ½ããñ.ÔãÊããÖìªáªãè¶ã ‚ãâÔããÀãè döYb Chairman
Suman Kumar Bery
Ñããè Ôãì½ã¶ã ‡ã슽ããÀ ºãñÀãè
Smt. Shyamala Gopinath
Ñããè½ã¦ããè ;ãã½ãÊãã Øããñ¹ããè¶ãã©ã

@‚pu[@‚pOp Kolkata
2 Xe{, 2008 2nd May, 2008

135

C135 K135
 ÊãñŒãã¹ãÀãèàã‡ãŠãò ‡ãŠãè ãäÀ¹ããñ›Ã REPORT OF THE AUDITORS
¹ãÆãä¦ã, To
¼ããÀ¦ã ‡ãñŠ Àãӛȹããä¦ã, The President of India,
1. ¼ããÀ¦ããè¾ã Ô›ñ› ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1955 ‡ãŠãè £ããÀã 41(1) ‡ãñŠ 1. We, the undersigned Auditors of State Bank of
‚ãâ¦ãØãæã ãä¶ã¾ãì‡ã‹¦ã Ö½ã, ¼ããÀ¦ããè¾ã Ô›ñ› ºãö‡ãŠ ‡ãñŠ ‚ã²ããñÖÔ¦ããàãÀãè India, appointed under Section 41(1) of the State
Bank of India Act, 1955, do hereby report to the
ÊãñŒãã¹ãÀãèàã‡ãŠ ºãö‡ãŠ ‡ãñŠ ¦ãìÊã¶ã¹ã¨ã, Êãã¼ã ‚ããõÀ Öããä¶ã Œãã¦ãññ ¦ã©ãã Central Government upon the Balance Sheet,
¶ã‡ãŠªãè ¹ãÆÌããÖ ãäÌãÌãÀ¥ã ‡ãñŠ ºããÀñ ½ãò ‡ãòŠ³ ÔãÀ‡ãŠãÀ ‡ãŠãñ †¦ãªá´ãÀã Profit & Loss Account and the Cash Flow State-
‚ã¹ã¶ããè ãäÀ¹ããñ›Ã ¹ãÆÔ¦ãì¦ã ‡ãŠÀ¦ãñ Öö. ment of the Bank.
2. Ö½ã¶ãñ ¼ããÀ¦ããè¾ã Ô›ñ› ºãö‡ãŠ ‡ãñŠ 31 ½ããÞãà 2008 ‡ãñŠ ÔãâÊãض㠦ãìÊã¶ã¹ã¨ã 2. We have audited the attached Balance Sheet of
State Bank of India as at 31st March 2008, the
‚ããõÀ „Ôããè ¦ããÀãèŒã ‡ãŠãñ Ôã½ã㹦ã ÌãÓãà ‡ãñŠ Êãã¼ã ‚ããõÀ Öããä¶ã Œãã¦ãñ
Profit & Loss Account and the Cash Flow State-
¦ã©ãã ¶ã‡ãŠªãè ¹ãÆÌããÖ ãäÌãÌãÀ¥ã ‡ãŠãè ÊãñŒãã¹ãÀãèàãã ‡ãŠãè Öõ. „‡ã‹¦ã ãäÌã§ããè¾ã ment of the Bank for the year ended on that date
ãäÌãÌãÀ¥ããò ½ãò ãä¶ã½¶ããäÊããäŒã¦ã ‡ãñŠ ÊãñŒãñ Íãããä½ãÊã Öö: annexed thereto. Incorporated in the said finan-
cial statements are the accounts of:
i) ‡ãñŠ¶³ãè¾ã ‡ãŠã¾ããÃÊã¾ã, ÞããõªÖ Ô©ãã¶ããè¾ã ¹ãÆ£ãã¶ã ‡ãŠã¾ããÃÊã¾ã,
‡ãŠãÀ¹ããñÀñ› ÊãñŒãã Ôã½ãîÖ (‡ãñŠ¶³ãè¾ã), ½ã£¾ã-‡ãŠãÀ¹ããñÀñ› Ôã½ãîÖ i) The Central Office, fourteen Local Head Of-
fices, Corporate Accounts Group (Central),
(‡ãñŠ¶³ãè¾ã), ¦ã¶ããÌãØãÆԦ㠂ãããäԦ㠹ãƺãâ£ã¶ã Ôã½ãîÖ (‡ãñŠ¶³ãè¾ã), Mid-Corporate Group (Central), Stressed
‚ããõÀ ºã¾ããÊããèÔã ÍããŒãã†ú ãä•ã¶ã‡ãŠãè ÊãñŒãã¹ãÀãèàãã Ö½ã¶ãñ ‡ãŠãè Öõ; Assets Management Group (Central) and
ii) 8171 ¼ããÀ¦ããè¾ã ÍããŒãã†ú ãä•ã¶ã‡ãŠãè ÊãñŒãã¹ãÀãèàã㠂㶾ã forty two branches audited by us;
ÊãñŒãã¹ãÀãèàã‡ãŠãò ¶ãñ ‡ãŠãè; ii) 8171 Indian Branches audited by other au-
ditors;
iii) ãäÌãªñÍã ãäÔ©ã¦ã 35 ÍããŒãã†ú, ãä•ã¶ã‡ãŠãè ÊãñŒãã¹ãÀãèàãã Ô©ãã¶ããè¾ã
iii) 35 Foreign Branches audited by the local au-
ÊãñŒãã¹ãÀãèàã‡ãŠãò ¶ãñ ‡ãŠãè; ¦ã©ãã ditors; and
iv) 2306 ‚㶾㠼ããÀ¦ããè¾ã ÍããŒãã†ú ãä•ã¶ã‡ãŠãè ‚ãÊãñŒãã¹ãÀãèãäàã¦ã iv) 2306 other Indian Branches, the unaudited
ãäÌãÌãÀãä¥ã¾ããú ÍããŒãã ¹ãƺãâ£ã‡ãŠãò ´ãÀã ¹ãƽããããä¥ã¦ã ‡ãŠãè ØãƒÃ Öö. ƒ¶ã returns of which are certified by the Branch
‚ãÊãñŒãã¹ãÀãèãäàã¦ã ÍããŒãã‚ããò ‡ãŠã ãäÖÔÔãã ‚ããäØãƽããò ½ãò 0.81%, Managers. These unaudited branches ac-
•ã½ããÀããäÍã¾ããò ½ãò 2.16%, º¾ãã•ã ‚ãã¾ã ½ãò 0.53% ¦ã©ãã º¾ãã•ã count for 0.81% of advances, 2.16% of de-
posits, 0.53% of interest income and 1.35%
̾ã¾ã ½ãò 1.35% Öõ. of interest expenses.
¾ãñ ãäÌã§ããè¾ã ãäÌãÌãÀ¥ã ºãö‡ãŠ-¹ãƺãâ£ã¶ã ‡ãŠãè ãä•ã½½ãñªãÀãè Öö. Ö½ããÀãè These financial statements are the responsibil-
ãä•ã½½ãñªãÀãè ‚ã¹ã¶ãñ ÊãñŒãã¹ãÀãèàãã-‡ãŠã¾ãà ‡ãñŠ ‚ãã£ããÀ ¹ãÀ ƒ¶ã ãäÌã§ããè¾ã ity of the Bank’s Management. Our responsibil-
ãäÌãÌãÀ¥ããò ¹ãÀ ‚ããä¼ã½ã¦ã ¹ãÆÔ¦ãì¦ã ‡ãŠÀ¶ãã Öõ. ity is to express an opinion on these financial
statements based on our audit.
3. Ö½ã¶ãñ ‚ã¹ã¶ãã ÊãñŒãã¹ãÀãèàãã-‡ãŠã¾ãà ¼ããÀ¦ã ½ãò Ôãã½ã㶾ã¦ã: ÔÌããè‡ãðŠ¦ã
3. We conducted our audit in accordance with the
ÊãñŒãã¹ãÀãèàãã ½ãã¶ã‡ãŠãò ‡ãñŠ ‚ã¶ãìÔããÀ ãä‡ãŠ¾ãã Öõ. ƒ¶ã ½ãã¶ã‡ãŠãò ‡ãñŠ auditing standards generally accepted in India.
‚ãâ¦ãØãæ㠾ãÖ ‚ã¹ãñàãã ‡ãŠãè •ãã¦ããè Öõ ãä‡ãŠ ֽ㠂ã¹ã¶ããè ÊãñŒãã¹ãÀãèàãã Those standards require that we plan and per-
‡ãŠãè ¾ããñ•ã¶ãã ƒÔã ¹ãƇãŠãÀ ºã¶ãã†â ‚ããõÀ ãä¶ãÓ¹ããã䪦㠇ãŠÀò, ¦ãããä‡ãŠ form the audit to obtain reasonable assurance
Ö½ã Ôã½ãìãäÞã¦ã ¹ã Ôãñ ƒÔã ºããÀñ ½ãò ‚ããÍÌãÔ¦ã Öãñ •ãã†â ãä‡ãŠ ãäÌã§ããè¾ã about whether the financial statements are free
of material misstatement. An audit includes ex-
ãäÌãÌãÀ¥ããò ½ãò ãäÌãÓã¾ãÌãÔ¦ãì Ô㽺㶣ããè ‡ãŠãñƒÃ ØãÊã¦ã ãäÌãÌãÀ¥ã ¶ãÖãé amining, on a test basis, evidence supporting the
ã䪆 ØㆠÖö. ÊãñŒãã¹ãÀãèàãã ‡ãñŠ ‚ãâ¦ãØãæã ãäÌã§ããè¾ã ãäÌãÌãÀ¥ããò ½ãò amounts and disclosures in the financial state-
¹ãÆÔ¦ãì¦ã ÀããäÍã¾ããò ‚ããõÀ ¹ãƇ㊛ãè‡ãŠÀ¥ããò ‡ãñŠ Ôã½ã©ãö㠽ãò ã䪆 Øㆠments. An audit also includes assessing the ac-
Ôããà¾ã ‡ãŠãè ¹ãÀãèàã¥ã ‚ãã£ããÀ ¹ãÀ •ããâÞã ‡ãŠãè •ãã¦ããè Öõ. ÊãñŒãã¹ãÀãèàãã counting principles used and significant esti-
mates made by Management, as well as evaluat-
‡ãñŠ ‚ãâ¦ãØãæ㠹ãƺãâ£ã¶ã ´ãÀã ¹ãƾãì‡ã‹¦ã ÊãñŒãã-ãäÔã®ãâ¦ããò ¦ã©ãã ¹ãƽãìŒã ing the overall financial statement presentation.
‚ãã‡ãŠÊã¶ããò ‡ãŠã ãä¶ã£ããÃÀ¥ã ¦ã©ãã Ôã½ãØãÆ ãäÌã§ããè¾ã ãäÌãÌãÀ¥ã ‡ãŠãè We believe that our audit provides a reasonable
¹ãÆÔ¦ãìãä¦ã ‡ãŠã ½ãîʾããâ‡ãŠ¶ã ¼ããè ãä‡ãŠ¾ãã •ãã¦ãã Öõ. Ö½ãò ãäÌãÍÌããÔã Öõ basis for our opinion.

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C136 K136
 ãä‡ãŠ Ö½ããÀã ÊãñŒãã¹ãÀãèàãã ‡ãŠã¾ãà ֽããÀñ ‚ããä¼ã½ã¦ã ‡ãñŠ ãäÊㆠ†‡ãŠ 4. The Balance Sheet and the Profit & Loss Account
Ôã½ãìãäÞã¦ã ‚ãã£ããÀ ¹ãƪã¶ã ‡ãŠÀ¦ãã Öõ. have been drawn up in Forms ‘A’ and ‘B’ respec-
tively of the Third Schedule to the Banking Regu-
4. ¦ãìÊã¶ã¹ã¨ã ‚ããõÀ Êãã¼ã †Ìãâ Öããä¶ã Œãã¦ãã ºãö‡ãŠ‡ãŠãÀãè ãäÌããä¶ã¾ã½ã¶ã lation Act, 1949 and these give information as
‚ããä£ããä¶ã¾ã½ã, 1949 ‡ãŠãè ¦ãð¦ããè¾ã ‚ã¶ãìÔãîÞããè ‡ãñŠ ‰ãŠ½ãÍã: ``‡ãŠ'' ‚ããõÀ required to be given by virtue of the provisions
``Œã'' ¹ãŠã½ããô ½ãò ¦ãõ¾ããÀ ãä‡ãŠ† ØㆠÖö ‚ããõÀ ¾ãñ ¼ããÀ¦ããè¾ã Ô›ñ› of the State Bank of India Act, 1955, and Regula-
tions there under.
ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1955 ¦ã©ãã „Ôã‡ãñŠ ‚ãâ¦ãØãæ㠺ã¶ãñ ãäÌããä¶ã¾ã½ããò ‡ãñŠ
„¹ãºãâ£ããò ‡ãñŠ ‚ã¶ãìÔããÀ ‚ã¹ãñãäàã¦ã •ãã¶ã‡ãŠãÀãè ªñ¦ãñ Öö. 5. Without qualifying our opinion, we draw atten-
tion to note 18.14 of schedule 18 to the financial
5. ‚ã¹ã¶ãã ‚ããä¼ã½ã¦ã ¹ããäÀÌããä¦ãæã ãä‡ãŠ† ãäºã¶ãã, Ö½ã ãäÌã§ããè¾ã ãäÌãÌãÀ¥ã ‡ãŠãè statement. The bank has made additional contri-
‚ã¶ãìÔãîÞããè 18 ‡ãŠãè ã䛹¹ã¥ããè 18.14 ‡ãñŠ ¹ãÆãä¦ã £¾ãã¶ã ‚ãã‡ãðŠÓ› ‡ãŠÀ¦ãñ bution of Rs. 546 crores during the year towards
Öö. ÌãÓãà ‡ãñŠ ªãõÀã¶ã, ºãö‡ãŠ ¶ãñ ÊãñŒãã ½ãã¶ã‡ãŠ 15 (ÔãâÍããñãä£ã¦ã) ‡ãñŠ pension fund to comply with the provisions of
¹ãÆãÌã£ãã¶ããò ‡ãñŠ ‚ã¶ãì¹ããÊã¶ã ½ãò ¹ãòÍã¶ã ãä¶ããä£ã ½ãò Á. 546 ‡ãŠÀãñü¡ AS 15 (revised) which is not in accordance with
the directions issued by Government of India, to
‡ãŠã ‚ããä¦ããäÀ‡ã‹¦ã ‚ãâÍãªã¶ã ãä‡ãŠ¾ãã Öõ, ÖãÊããâãä‡ãŠ ¾ãÖ ‚ãâÍãªã¶ã ¼ããÀ¦ã the extent that no amendments have been made
ÔãÀ‡ãŠãÀ ´ãÀã •ããÀãè „¶ã ãäªÍãã - ãä¶ãªóÍããò ‡ãñŠ ‚ã¶ãì‡ãîŠÊã ¶ãÖãé Öö to the SBI Pension Rules, 1955 before making
ãä‡ãŠ †ñÔãñ ‚ãâÍãªã¶ã ‡ãŠÀ¶ãñ Ôãñ ¹ãîÌãà ¼ããÀ¦ããè¾ã Ô›ñ› ºãö‡ãŠ ¹ãòÍã¶ã such contribution.
ãä¶ã¾ã½ããÌãÊããè, 1955 ½ãò ÔãâÍããñ£ã¶ã ¶ãÖãé ãä‡ãŠ¾ãã Øã¾ãã Öõ. 6. In our opinion and to the best of our information
6. Ö½ããÀãè Àã¾ã ½ãò ‚ããõÀ •ãÖãú ¦ã‡ãŠ Ö½ãò •ãã¶ã‡ãŠãÀãè Öõ ¦ã©ãã Ö½ãò ã䪆 and according to the explanations given to us
ØㆠԹãÓ›ãè‡ãŠÀ¥ããò ‡ãñŠ ‚ãã£ããÀ ¹ãÀ ‚ããõÀ •ãõÔãã ãä‡ãŠ „¹ã¾ãìÇ㋦㠂ã¶ãìÞœñª and as shown by the books of the Bank, read with
paragraph 2 above, we report that:
2 ‡ãñŠ Ôãã©ã ¹ãã䟦ã, ºãö‡ãŠ ‡ãŠãè ºããäÖ¾ããò ½ãò ã䪌ãã¾ãã Øã¾ãã Öõ, Ö½ã
ãäÀ¹ããñ›Ã ‡ãŠÀ¦ãñ Öö ãä‡ãŠ : (a) (i) the Balance Sheet, read with the Princi-
pal Accounting Policies and the Notes
‡ãŠ) (i) ¹ãƽãìŒã ÊãñŒãã ¶ããèãä¦ã¾ããò ‡ãñŠ ãäÌãÌãÀ¥ã †Ìãâ ÊãñŒãã- to Accounts, is a full and fair Balance
ã䛹¹ããä¥ã¾ããò ‡ãñŠ Ôãã©ã ¹ãü¤ñ •ãã¶ãñ ¹ãÀ ¦ãìÊã¶ã¹ã¨ã ¹ãî¥ãà †Ìãâ Sheet containing all the necessary par-
ÔãÖãè Öõ, ãä•ãÔã½ãò Ôã½ãԦ㠂ããÌã;ã‡ãŠ •ãã¶ã‡ãŠãÀãè Íãããä½ãÊã ticulars and is properly drawn up so as
to exhibit a true and fair view of the af-
Öõ ¦ã©ãã „Ôãñ ƒÔã ¹ãƇãŠãÀ ¦ãõ¾ããÀ ãä‡ãŠ¾ãã Øã¾ãã Öõ ãä‡ãŠ fairs of the Bank as at 31st March 2008;
ÌãÖ 31 ½ããÞãà 2008 ‡ãŠãñ ºãö‡ãŠ ‡ãñŠ ‡ãŠã½ã‡ãŠã•ã ‡ãŠã ÔãÖãè
(ii) the Profit and Loss Account, read with
‚ããõÀ Ôã›ãè‡ãŠ ãäÞã¨ã ªÍããæãã Öõ; the Principal Accounting Policies and
(ii) ¹ãƽãìŒã ÊãñŒãã ¶ããèãä¦ã¾ããò ‡ãñŠ ãäÌãÌãÀ¥ã †Ìãâ ÊãñŒãã- the Notes to Accounts, shows a true bal-
ã䛹¹ããä¥ã¾ããò ‡ãñŠ Ôãã©ã ¹ãü¤ñ •ãã¶ãñ ¹ãÀ Êãã¼ã †Ìãâ Öããä¶ã ance of Profit for the year ended on that
Œãã¦ãã ƒÔããè ã䪶ããâ‡ãŠ ‡ãŠãñ Ôã½ã㹦ã ÌãÓãà ‡ãñŠ Êãã¼ã ‡ãŠã date; and
ÔãÖãè ÍãñÓã ªÍããæãã Öõ; ¦ã©ãã (iii) the Cash Flow Statement gives a true
and fair view of the cash flows for the
(iii) ¶ã‡ãŠªãè ¹ãÆÌããÖ ãäÌãÌãÀ¥ã, Ôã⪼ãããããè¶ã ãä¦ããä©ã ‡ãŠãñ Ôã½ã㹦ã year ended on that date,
ÌãÓãà ‡ãñŠ ¶ã‡ãŠªãè ¹ãÆÌããÖ ‡ãŠã ÔãÖãè †Ìãâ Ôã›ãè‡ãŠ ãäÞã¨ã ¹ãÆÔ¦ãì¦ã
and are in conformity with the Accounting
‡ãŠÀ¦ãã Öõ, Principles generally accepted in India.
¦ã©ãã ¼ããÀ¦ã ½ãò Ôãã½ã㶾ã¦ã: ÔÌããè‡ãðŠ¦ã ÊãñŒãã ãäÔã´ã¶¦ããò ‡ãñŠ
(b) where we have called for any information
‚ã¶ãì¹ã Öõ. and explanations, such information and ex-
(Œã) Ö½ã¶ãñ •ãÖãú ¼ããè ‡ãŠãñƒÃ •ãã¶ã‡ãŠãÀãè ‚ããõÀ Ô¹ãÓ›ãè‡ãŠÀ¥ã ½ããúØãã planations have been given to us and we
Öõ, Ö½ãò ÌãÖ •ãã¶ã‡ãŠãÀãè ‚ããõÀ Ô¹ãÓ›ãè‡ãŠÀ¥ã ã䪾ãã Øã¾ãã Öõ have found them to be satisfactory;
‚ããõÀ Ö½ã¶ãñ „Ôãñ Ôãâ¦ããñÓã•ã¶ã‡ãŠ ¹ãã¾ãã Öõ; (c) the transactions of the Bank which have
come to our notice have been within the
(Øã) Ö½ããÀãè •ãã¶ã‡ãŠãÀãè ½ãò ‚ãㆠºãö‡ãŠ ‡ãñŠ Êãñ¶ã-ªñ¶ã ºãö‡ãŠ ‡ãñŠ powers of the Bank; and
‚ããä£ã‡ãŠãÀ-àãñ¨ã ½ãò Öãè Öö; ¦ã©ãã
(d) the returns received from the offices and
(Üã) ºãö‡ãŠ ‡ãñŠ ‡ãŠã¾ããÃÊã¾ããò ‚ããõÀ ÍããŒãã‚ããò Ôãñ ¹ãÆ㹦ã ãäÌãÌãÀãä¥ã¾ããú branches of the Bank have been found ad-
Ö½ããÀãè ÊãñŒãã¹ãÀãèàãã ‡ãñŠ „ÿñ;ã Ôãñ „ãäÞã¦ã ¹ããƒÃ ØãƒÃ Öö. equate for the purpose of our audit.

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 _pz<\<R@‚ @u‚ÆÈrY [uApTZrb@‚ STATUTORY CENTRAL AUDITORS

‡ãðŠ¦ãñ †½ã. †½ã. ãä¶ãÔããè½ã †â¡ ‡ãâŠ. ‡ãðŠ¦ãñ ¡ãè. ¹ããè. Ôãñ¶ã †â¡ ‡ãâŠ.
For M. M. Nissim & Co. For D. P. Sen & Co.
Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants

Ôãâ•ã¾ã Œãñ½ãã¶ããè Sanjay Khemani †Ôã. ‡ãñŠ. ¶ãã¾ã‡ãŠ S.K. Nayak

¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 044577 ¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 058711
‡ãðŠ¦ãñ †Ôã. ‡ãñŠ. ãä½ã§ãÊ㠆⡠‡ãâŠ. ‡ãðŠ¦ãñ •ãõ¶ã ‡ãŠãä¹ãÊãã †ÔããñãäÔ㆛Ôãá
For S. K. Mittal & Co. For Jain Kapila Associates
Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants

†Ôã. ‡ãñŠ. ãä½ã§ãÊã S. K. Mittal ¡ãè. ‡ãñŠ. ‡ãŠãä¹ãÊãã D K Kapila

¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 008506 ¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 016905
‡ãðŠ¦ãñ Êãà½ããèãä¶ãÌããÔ㠆⡠•ãõ¶ã ‡ãðŠ¦ãñ ª§ãã ãäÔãâØãÊã㠆⡠‡ãâŠ.
For Laxminiwas & Jain For Datta Singla & Co.
Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants

Êãà½ããèãä¶ãÌããÔã Íã½ããà Laxminiwas Sharma Àã•ããèÌã ª§ãã Rajiv Datta

¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 014244 ¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 011546
‡ãðŠ¦ãñ ª§ã ÔãÀ‡ãŠãÀ †â¡ ‡ãâŠ.
‡ãðŠ¦ãñ Œãâ¡ñÊãÌããÊã •ãõ¶ã †â¡ ‡ãâŠ. For Dutta Sarkar & Co.
For Khandelwal Jain & Co. Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants
Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants
•ããè. Ôããè. ½ãìŒã•ããê G.C. Mukherjee
¹ãâ‡ãŠ•ã •ãõ¶ã Pankaj Jain ¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 017630
¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 048850
‡ãðŠ¦ãñ †. ‡ãñŠ. Ôããºã¦ã †â¡ ‡ãâŠ.
‡ãðŠ¦ãñ ãäÌã¶ã¾ã ‡ã슽ããÀ †â¡ ‡ãâŠ. For A. K. Sabat & Co.
For Vinay Kumar & Co. Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants
Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants
†. ‡ãñŠ. Ôããºã¦ã A. K. Sabat
Ìããè. ‡ãñŠ. ‚ãØãÆÌããÊã V. K. Agrawal ¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 030310
¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 013795
‡ãðŠ¦ãñ •ããè. †½ã. ‡ãŠ¹ãããäü¡¾ã㠆⡠‡ãâŠ.
‡ãðŠ¦ãñ Ìããè. ‡ãñŠ. ãä•ãâªÊ㠆⡠‡ãâŠ. For G. M. Kapadia & Co.
For V. K. Jindal & Co. Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants
Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants
‚ã¦ãìÊã †Þã. ÍããÖ Atul H Shah
Ìããè. ‡ãñŠ. ãä•ãâªÊã V. K. Jindal ¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 039569
¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 070666
‡ãðŠ¦ãñ Ìã£ãýãã¶ã †â¡ ‡ãâŠ.
‡ãðŠ¦ãñ ‚ããÀ. •ããè. †¶ã. ¹ãÆãƒÔ㠆⡠‡ãâŠ. For Vardhaman & Co.
For R. G. N. Price & Co. Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants
Ôã¶ãªãè ÊãñŒãã‡ãŠãÀ Chartered Accountants
Ìããè ¼ããÔ‡ãŠÀ¶ã V. Baskaran
¹ããè. †½ã. ÌããèÀ½ããä¥ã P M Veeramani ¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 012202
¼ããØããèªãÀ Partner, Ôã.Ôãâ. M. No. 023933

@‚pu[@‚pOp, Kolkata
2 Xe{, 2008 2nd May, 2008

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