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Jeeef<e&keÀ efjHeesì& 2020-21

Deveg¬eÀceefCekeÀe INDEX

¬eÀ.
efJe<e³e met®eer Contents He=þ ke´À.
No. Page No.

1. efveosMekeÀ ceb[ue Board of Directors 2

2. cenehe´yebOekeÀieCe General Managers 3
3. he´yebOe efveosMekeÀ SJeb meerF&Dees keÀe keÀLeve Statement of Managing Director & CEO 4
4. cegK³e keÀe³e&-efve<Heeove mebkesÀlekeÀ Key Performance Indicators 6
5. he´ieefle SkeÀ ve]pej ceW Progress at a glance 7
6. efveosMekeÀeW keÀer efjheesì& Directors’ Report 8
- he´yebOeve ®e®ee& Deewj efJeMues<eCe - Management Discussion and Analysis 8
- keÀe³e&-efve<Heeove efJeMes<eleeSb 2020-21 - Performance Highlights 2020-21 8
- mebmeeOeveë MeeKee vesìJeke&À, ceeveJe mebmeeOeve, DeeF&ìer DeJemebj®evee, - Resources: Branch Network, Human Resources,
ie´enkeÀj Devegefke´À³eeMeeruelee Deewj Dev³e It Infrastructure, Customers Responsiveness and Others 15
- meeceeefpekeÀ / met#ce DeeefLe&keÀ efJekeÀeme - Socio/Micro Economic Development 21
- yeQkeÀ keÀer cenlJeHetCe& ³eespeveeSb/Heefj³eespeveeSb - Important Schemes/ Projects of the Bank: 24
- efveieefcele meeceeefpekeÀ oeef³elJe - Corporate Social Responsibility 26
- Deie´Ceer yeQkeÀ ³eespevee - Lead Bank Scheme 28
- mene³ekeÀ kebÀHeefve³eeb / meb³egkeÌle GÐece Deewj He´e³eesefpele mebmLeeSb - Subsidiaries/Joint Ventures and Sponsored Institutions 29
- jepeYee<ee veerefle keÀe keÀe³ee&vJe³eve - Implementation of Official Language Policy 30
- megj#ee - Security 31
- meef®eJeer³e uesKee Hejer#ee - Secretarial Audit 31
- efveosMekeÀeW keÀer efpeccesoejer keÀe keÀLeve - Directors’ Responsibility Statement 31
- efveosMekeÀ ceb[ue ceW HeefjJele&ve - Changes in the Board of Directors: 32
- ueeYeebMe efJelejCe veerefle - Dividend Distribution Policy 32
- J³eJemee³e GÊejoeef³elJe efjHeesì& - Business Responsibility Report 32
- DeeYeej - Acknowledgement 32
7. keÀeheexjsì ieJeveXme efjheesì& Corporate Governance Report 39
8. leguevehe$e Balance Sheet 70
9. ueeYe Je neefve uesKee Profit & Loss Account 71
10. KeeleeW hej efìhheefCe³eeb Notes on Accounts 81
11. cenlJehetCe& uesKee veerefle³eeb Significant Accounting Policies 88
12. vekeÀoer he´Jeen keÀe efJeJejCe Cash Flow Statement 121
13. uesKee hejer#ekeÀeW keÀer efjheesì& Auditors’ Report 123
14. yesmeue III He´keÀìve Basel III Disclosures 137
15. mecesefkeÀle efJeÊeer³e efJeJejCe Consolidated Financial Statements 170

18 ¨¸ì ¨¸¸¢«¸ÄˆÅ ¬¸¸š¸¸£µ¸ ¤¸¾“ˆÅ ˆÅ¸ ›¸¸½¢’¬¸ ¬¸¿¥¸Š›¸

NOTICE FOR 18TH ANNUAL GENERAL MEETING ENCLOSED

meebefJeefOekeÀ uesKee hejer#ekeÀ STATUTORY AUDITORS

cewmeme& kesÀ. ieesheeue jeJe Sb[ kebÀheveer cewmeme& yeeìueeryeesF& Sb[ hegjesefnle cewmeme& DeyeCee& Sb[ DevebLeve cewmeme& jes[er [yejer Sb[ kebÀHeveer
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M/s. K Gopal Rao & Co M/s. Batliboi & Purohit M/s. Abarna & Ananthan M/s. Rodi Dabir & Co.
FRN: 000956S FRN: 101048W FRN: 000003S FRN: 108846W
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants

(œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ : `¥¸¸½ˆÅŸ¸¿Š¸¥¸', 1501, ¢©¸¨¸¸]¸ú›¸Š¸£, œ¸ºµ¸½ 411 005)

(Head Office: 'Lokmangal', 1501, Shivajinagar, Pune - 411 005)

1
 Annual Report 2020-21

efveosMekeÀ ceb[ue / BOARD OF DIRECTORS

31-03-2021 keÀer efmLeefle kesÀ Devegmeej / As on 31-03-2021

ªú ‡. ‡¬¸. £¸]¸ú¨¸ Shri A. S. Rajeev

œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½ Managing Director & CEO

ªú í½Ÿ¸›÷¸ ’Ÿ’¸ Shri Hemant Tamta ªú ‡.¤¸ú ¢¨¸]¸¡¸ˆºÅŸ¸¸£ Shri A.B. Vijayakumar
ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ Executive Director ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ Executive Director

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Mrs. Vandita Kaul Shri M K Verma Shri R. Thamodharan

2
Jeeef<e&keÀ efjHeesì& 2020-21

ªú ¥¸®Ÿ¸ú›¸¸£¸¡¸μ¸ £˜¸ Shri Laxminarayan Rath

Ÿ¸º‰¡¸ ¬¸÷¸ˆÄÅ÷¸¸ ‚¹š¸ˆÅ¸£ú½ Chief Vigilance Officer

cenehe´yebOekeÀieCe / GENERAL MANAGERS

31-03-2021 keÀer efmLeefle kesÀ Devegmeej / As on 31-03-2021

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Shri V. P. Srivastava Shri Prashant R Khatawkar Shri Unnam R. Rao

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Shri M G Mahabaleshwarkar Shri Sanjay Rudra Shri S K Hanamshet Shri P R Datar

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4
Annual Report 2020-21
A. S. Rajeev
Managing Director & CEO
STATEMENT OF MANAGING DIRECTOR & CEO
Dear Shareholders,
I extend a very warm welcome to each one of you to the 18th Annual
General Meeting of your Bank. Global and Indian economy in FY
2020-21 have been adversely affected due to COVID-19 pandemic.
Lockdowns of varied degree imposed due to pandemic resulted
in adverse impacts on all sections of life. The informally employed,
and those who work in contact-intensive sectors are hit hard by
this pandemic. Recovery from the pandemic in various regions will
depend on access to medical support, progress in vaccination drive
and effectiveness of support given by the Central Bank and the
Government. The global community will require to work closely to
bring the pandemic under control by increasing funding to accelerate
access to vaccines. Strong Cooperation is also required to support
developing countries with high debt levels for international liquidity.
FY 2020-21 was a difficult year for life and business. Gross Domestic
Product (GDP) during 2020-21 is estimated to contract by 8.0% as
compared to growth of 4.0% in 2019-20. The Government announced
a package of INR 20 lakh crores (equivalent of 10% of India’s GDP)
under Atmanirbhar Bharat. The package also included change in
definition of MSMEs, new PSU policy, commercialization of coal
mining, and higher FDI limits in various sectors. Other steps such as
launch of Emergency Credit Line Guarantee Scheme (ECLGS) 2.0
and asset classification relief provided to borrowers on account of
COVID-19 were announced.
During the year, the bank has taken new business initiatives as
under:
l Introduction of loan products for business, agriculture and
personal expenses to deal with COVID-19 pandemic inflicted
cash flow difficulties.
l National Common Mobility Card (NCMC) – The Bank
partnered with NPCI for issuance of National Common Mobility
Card (NCMC) using Near Field Communication.
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31.03.2021 ˆÅ¸½ ` 1,74,006 ˆÅ£¸½”õ í¸½ Š¸ƒô— ˆºÅ¥¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸Ê Ÿ¸Ê 15.95% ˆÅú
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5
l Bharat Bill Pay System (BBPS): BBPS is a one-stop ecosystem
for payment of all bills providing an interoperable and accessible
“Anytime Anywhere” bill payment service to all customers across
India with certainty, reliability and safety of transactions.
l QUICK pay: A mobile app has been developed for merchant to
do self-registration for QR code to acquire transactions through
Scan & Pay.
l Digital Document Execution (DDE): Bank has integrated with
National E-Governance Services Ltd (NeSL) for implementation
of Digital Document Execution (DDE) Platform is a Web API
based platform/service for e-signing and e-stamping of Loan
documents.
l Credit Card: Bank introduced its own Credit Card with plethora
of features to tap the burgeoning digital business.
l MahaBank SHG Rahat Yojana- COVID-19 was introduced
immediately after foreseeing the effects of COVID-19 pandemic
situation to extend relief to regular repaying SHGs by extending
additional loan up to ` 1.00 Lakh.
Performance of your bank:
Bank’s performance during FY 2020-21 was outstanding despite all
odds.
l Net Profit increased to ` 550 Cr in FY21 from ` 389 Cr in FY20.
There was an annual increase of 41.39%
l Operating Profit increased 39.02% to ` 3,958 Cr. in FY21 from
`  2,847 in FY20
l Gross Non-Performing Assets (GNPA) ratio and Net Non-
Performing Assets (NNPA) ratio improved to 7.23% and 2.48%
respectively as on 31.03.2021 as compared to 12.81% and
4.77% respectively as on 31.03.2020
l Total Business of the bank has increased from ` 2,44,955 Cr. as
on 31.03.2020 to ` 2,81,659 Cr as on 31.03.2021. Business of
the Bank showcased annual growth of 14.98%.
l Total deposits of the bank increased from ` 1,50,066 Cr. as on
31.03.2020 to ` 1,74,006 Cr. as on 31.03.2021. Total deposits
have showcased annual growth of 15.95%.
l CASA deposits have increased form ` 75,475 Cr as on
31.03.2020 to ` 93,945 Cr as on 31.03.2021 showcasing annual
growth of 24.47%.
l Gross advances have increased from ` 94,889 Cr as on
31.03.2020 to ` 1,07,654 Cr as on 31.03.2021. Gross Advances
have shown year on year growth of 13.45%.
Way forward:
Bank is entering the new financial year 2021-22 at a time when
second wave of pandemic is spreading widely. The stimulus measures
and reforms initiated by the Government and liquidity measures by the
RBI are expected to support industrial activity and demand. COVID-19
vaccination program launched in January 2021 will further help with
economic recovery. During these difficulties, we will continue to evolve
and provide latest products and Superior services to our customers.
Our bank will continue to improve its business position while navigating
these uncertain times.
A. S. Rajeev
Managing Director & CEO
 Annual Report 2020-21

cegK³e keÀe³e& efveo<Heeove mebkesÀlekeÀ / KEY PERFORMANCE INDICATORS

Deposits and CASA Share in Total Deposits Advances & RAM

120000

200000 60.00%
180000 100000
50.00%
160000
140000 80000
40.00%

CASA Share%
120000
Deposits %

60000
100000 30.00%
80000
20.00% 40000
60000
40000
10.00% 20000
20000
0 0.00%
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 0
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Deposits (in Cr) CASA Share %
Advances (In Cr) RAM (In Cr)

Advances & RAM Share Non Performing Assets & Provision Coverage Ratio
200000
25 100
180000
90
160000 20 80
140000 70

Provision coverage Ra o
Gross & Net NPA Ra o

120000 15 60
100000 50
80000 10 40
60000 30
40000 5 20

20000 10

0 0 0
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Advances (In Cr) Re l (In Cr) Agriculture (In Cr) MSME (In Cr) Gross NPA Ra o Net NPA Ra o PCR

Credit - Deposit (CD) Ratio & Cost to Income Ratio Business per employee and Profit per employee

2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21

2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21

Business per employee (In Crs) Profit per employee (In Lakhs)
Credit - Deposits Ra o% (Yr) Cost to Income Ra o% (Yr)

6
Jeeef<e&keÀ efjHeesì& 2020-21

he´ieefle SkeÀ vepej ceW Progress at a Glance

(` keÀjesæ[ ceW) (` in Crore)

2016-17 2017-18 2018-19 2019-20 2020-21

he´oÊe hetbpeer Paid up Capital 1168 2598 2753 5824 6560

Deejef#eefle³eeb Reserves 6211 7346 2986 4931 5573

kegÀue peceejeefMe³eeb Total Deposits 139053 138981 140650 150066 1,74,006

Je=ef× % Growth % 0.05 -0.05 1.20 6.69 15.95

kegÀue peceejeefMe³eeW ceW keÀemee keÀe DebMe CASA Share in Total deposits 44.89 47.74 49.65 50.29 53.99

Deefie´ce Advances 101537 94645 93467 94889 1,07,654

Je=ef× % Growth % -8.72 -6.79 -1.24 1.52 13.45

efjìsue Deefie´ce Retail Advances 15792 16547 18805 22810 28,651

he´eLeefcekeÀlee #es$e Deefie´ce Priority Sector Advances 40388 40709 35426 38,900 49109

ke=Àef<e Agriculture 17960 17199 15120 14385 16,202

met#ce Je ueIeg GÐece Micro and Small Enterprises 20419 15940 13727 17164 23,133

DeuhemebK³ekeÀ Jeie& keÀes Deefie´ce Advances to Minority Sections 2921 2887 2923 3017 3813.63

Depee/Depepee Jeie& keÀes Deefie´ce Advances to SC / ST Sections 1738 2333 2317 2530 2911.31

efve³ee&le $eÝCe Export Credit 1213 1210 1200 1167 1310.99

kegÀue Dee³e Total Income 13570 12602 12397 13145 14,494

kegÀue J³e³e Total Expenditure 11743 10411 10199 10298 10,536

heefj®eeueve ueeYe Operating Profit 1827 2191 2198 2847 3,958

efveJeue ueeYe Net Profit -1373 -1146 -4784 389 550

MeeKeeDeeW keÀer mebK³ee Number of Branches 1897 1846 1832 1833 1,915

SìerSce keÀer mebK³ee Number of ATMs 1878 1864 1858 1851 1,950

he´cegKe efve<heeove Devegheele (%) Key Performance Ratios (%)

hetbpeer he³ee&hlelee Devegheele-yesmeue II(%) 11.18 11 11.86 13.52 14.49

Capital Adequacy Ratio- Basel II (%)

he´efle Mes³ej Dee³e Earning Per Share -11.75 -8.98 -14.26 0.67 0.88

he´efle Mes³ej yener cetu³e Book Value Per Share 46.96 23.73 10.24 11.99 12.22

he´efle keÀce&®eejer J³eJemee³e Business Per Employee 18.54 18.07 18.13 19.55             
21.45

he´efle keÀce&®eejer ueeYe (` ueeKe ceW) Profit Per Employee (` in lakhs) -10.58 -8.86 -37.04 3.1 4.19

Deewmele Deeeqmle³eeW hej Dee³e Return on Average Assets -0.86 -0.73 -3.01 0.23 0.3

ueeiele Dee³e Devegheele Cost to Income Ratio 60.98 55.24 58.39 51.97 47.39

mekeÀue Devepe&keÀ Deeeqmle Devegheele Gross NPA ratio 16.93 19.48 16.4 12.81 7.23

efveJeue Devepe&keÀ Deeeqmle Devegheele Net NPA ratio 11.76 11.24 5.52 4.77 2.48

he´eJeOeeve keÀJejspe Devegheele Provision Coverage Ratio 44.48 58.71 81.49 83.97 89.86

SSveyeermeer keÀes he´eLeefcekeÀlee $eÝCe Priority Credit to Adjusted Net Bank Credit 34.99 38.63 40.7 42.47 54.23

7

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2. ¨¡¸¨¸¬¸¸¡¸ ¨¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸Ê ˆÅ¸ ˆÅ¸¡¸Ä¢›¸«œ¸¸™›¸ 2019-20
1. ¤¸ÿˆÅ ˆÅ¸ ˆºÅ¥¸ ¨¡¸¨¸¬¸¸¡¸ 31.03.2020 ˆÅ¸½ ` 2,44,955 ˆÅ£¸½”õ ˆÅú ÷¸º¥¸›¸¸
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14.98% ˆÅú ¨¸¸¢«¸ÄˆÅ ¨¸¼¢Ö ™]¸Ä ˆÅú Š¸ƒÄ—
2. ˆºÅ¥¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ 31.03.2020 ˆ½Å ` 1,50,066 ˆÅ£¸½”õ ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê
¤¸[õˆÅ£ 31.03.2021 ˆÅ¸½ ` 1,74,006 ˆÅ£¸½”õ £íú, ]¸¸½ 15.95% ˆÅú
¨¸¸¢«¸ÄˆÅ ¨¸¼¢Ö ™©¸¸Ä÷¸ú í¾—
3. ˆÅ¸¬¸¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ 31.03.2020 ˆ½Å ` 75,475 ˆÅ£¸½”õ ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê
31.03.2021 ˆÅ¸½ ` 93,945 ˆÅ£¸½”õ £íú, ¢]¸¬¸Ÿ¸Ê 24.47% ˆÅú ¨¸¸¢«¸ÄˆÅ
¨¸¼¢Ö œÏ™¢©¸Ä÷¸ íºƒÄ—
8
Annual Report 2020-21
DIRECTORS’ REPORT
Your Directors have pleasure in presenting the Annual Report of the
Bank with the audited Balance Sheet, Profit & Loss Account and the
Report on Business and Operations for the year ended March 31,
2021.
1. MANAGEMENT DISCUSSION AND ANALYSIS
1.1 Economic and Banking Scenario 2020-21
The global economy witnessed an unprecedented economic
downturn in FY 2020-21 due to Covid-19 pandemic. The
lockdowns and social distancing norms have reduced the
growth momentum. Global economic output was estimated
to fall by 3.5 percent in 2020. Indian economy also witnessed
contraction in gross domestic product (GDP) for the first time
since independence. Calibrated fiscal and monetary support
was provided, cushioning the vulnerable during the lockdown
and boosting consumption and investment during the unlocking.
A favorable monetary policy ensured abundant liquidity and
immediate relief to debtors while unclogging monetary policy
transmission. India’s GDP due to pandemic contracted by
23.90% in Q1 and 7.50% in Q2 of FY21. As the first wave of
Covid-19 pandemic eased and economy was slowly opened up
India’s GDP grew by 0.40 percent YoY in Q3 mainly attributed
to improvement in Consumer Spending, Government Capital
Expenditure and expansion in Construction Sector.
Retail inflation firmed up to 6.16 percent in FY21 due to supply
side disruptions caused by the pandemic. However, it reduced
to 4.29 percent in April 2021 owing to decrease in food prices.
Monetary policy remained accommodative during the year. RBI
policy repo rate was cut by 115 bps and liquidity support by
RBI during 2020-21 was significantly enhanced. Meanwhile,
year on year bank credit growth (5.6 percent) continued to lag
behind deposit growth (11.4 percent) in FY21.
1.2 Outlook for 2021-22
Multiple vaccine approvals and the launch of vaccination
drives in many countries have raised hopes for less impact of
the pandemic. WEO forecast suggest stronger-than-projected
momentum on average across regions in the second half
of 2020. The sizable fiscal support announced for 2021 in
some countries, including most recently in the United States
and Japan, will help lift economic activity among advanced
economies. With respect to Indian economy the larger than
expected magnitude of Covid-19 second wave has posed a
serious threat to the faster recovery of economic activities. As
of now the outlook is hazy and will largely depend on how the
second wave pans out. With the Covid-19 second wave starting
to wane and availability of sufficient number of vaccines from
September 2021, growth in second half of FY22 is likely to pick
up. Indian GDP is expected to grow around 10 percent in FY22
and RBI is likely to continue with its accommodative stance.
2. PERFORMANCE HIGHLIGHTS 2020-21
i. Total Business of the bank has increased from
`  2,44,955 crore as on 31.03.2020 to ` 2,81,659 crore
as on 31.03.2021. Business of the Bank showcased
annual growth of 14.98%.
ii. Total deposits of the bank increased from ` 1,50,066
crore as on 31.03.2020 to ` 1,74,006 crore as on
31.03.2021. Total deposits have showcased annual
growth of 15.95%.
iii. CASA deposits have increased form ` 75,475 crore
as on 31.03.2020 to ` 93,945 crore as on 31.03.2021
showcasing annual growth of 24.47%.
Jeeef<e&keÀ efjHeesì& 2020-21
4. ¬¸ˆÅ¥¸ ‚¢ŠÏŸ¸ 31.03.2020 ˆ½Å ` 94,889 ˆÅ£¸½”õ ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê
31.03.2021 ˆÅ¸½ ` 1,07,654 ˆÅ£¸½”õ £í½— ¬¸ˆÅ¥¸ ‚¢ŠÏŸ¸¸Ê Ÿ¸Ê 13.45%
ˆÅú ¨¸«¸Ä ™£ ¨¸«¸Ä ¨¸¼¢Ö œÏ™¢©¸Ä÷¸ íºƒÄ —
5. œ¸¢£\¸¸¥¸›¸ ¥¸¸ž¸ 31.03.2020 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ` 2847.06 ˆÅ£¸½”õ
ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê 31.03.2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ 39.01% ¤¸[õˆÅ£
` 3957.68 ˆÅ£¸½”õ £í¸— ƒ¬¸ú ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢›¸¨¸¥¸ ¥¸¸ž¸ 41.61%
¨¸¼¢Ö ˆ½Å ¬¸¸˜¸ ` 388.58 ˆÅ£¸½”õ ¬¸½ ¤¸[õˆÅ£ ` 550.25 ˆÅ£¸½”õ í¸½ Š¸¡¸¸.
iv. Gross advances have increased from ` 94,889 crore as
on 31.03.2020 to ` 1,07,654 crore as on 31.03.2021.
Gross Advances have shown year on year growth of
13.45%.
v. Operating Profit increased 39.01% to ` 3957.68 crore
in year ended 31.03.2021 from ` 2847.06 crore in year
ended 31.03.2020. During the same period Net Profit
increased 41.61% to ` 550.25 crore from ` 388.58 crore.

2.1 †µ¸ ˆÅ¸ ®¸½°¸¨¸¸£ ¢¨¸¢›¸¡¸¸½]¸›¸ 2.1 Sectoral Deployment of Credit

O/s as on O/s as on
Percentage to total Percentage Percentage
31.03.2021 ˆºÅ¥¸ ¤¸ˆÅ¸¡¸¸ 31.03.2020 ˆºÅ¥¸ ¤¸ˆÅ¸¡¸¸ O/s
31.03.2021
to total O/s
31.03.2020
to total O/s
¢¨¸¢›¸¡¸¸½¢]¸÷¸ †µ¸ ˆÅ¸½ ¤¸ˆÅ¸¡¸¸ †µ¸ ¬¸½ ˆÅ¸½ ¤¸ˆÅ¸¡¸¸ †µ¸ ¬¸½ (in ` Crore) (in ` Crore)
(` ˆÅ£¸½”õ Ÿ¸Ê) œÏ¢÷¸©¸÷¸ (` ˆÅ£¸½”õ Ÿ¸Ê) œÏ¢÷¸©¸÷¸ Industry 34,129.68 31.70% 30,113.57 31.74%
„Ô¸¸½Š¸ 34,129.68 31.70% 30,113.57 31.74% Of which
ƒ¬¸Ÿ¸Ê ¬¸½ i. Infrastructure 14,347.11 13.33% 7,370.82 7.77%
i. ‚¨¸¬¸¿£\¸›¸¸÷Ÿ¸ˆÅ 14,347.11 13.33% 7,370.82 7.77% ii. Chemicals
ii. £¬¸¸¡¸›¸, ”¸¡¸ ¨¸ & Chemical 1,121.67 1.04% 1,430.82 1.51%
1,121.67 1.04% 1,430.82 1.51% Products
œ¸½›’ ƒ÷¡¸¸¢™
iii. Petroleum 588.66 0.55% 688.76 0.73%
iii. œ¸½’︽¢¥¸¡¸Ÿ¸ 588.66 0.55% 688.76 0.73%
iv. Iron and Steel 859.89 0.80% 1,609.59 1.70%
iv. ¥¸¸½í¸ ¨¸ ¬’ú¥¸ 859.89 0.80% 1,609.59 1.70%
v. NBFCs and
v. ‡›¸¤¸ú‡ûŬ¸ú ¨¸ 9,232.69 8.58% 10,759.03
9,232.69 8.58% 10,759.03 11.34% Trading 11.34%
¨¡¸¸œ¸¸£
vi. Engineering 1,245.15 1.16% 2,336.55 2.46%
vi. ƒ¿]¸ú¢›¸¡¸¢£¿Š¸ 1,245.15 1.16% 2,336.55 2.46%
vii. Construction 80.94 0.08% 1.78 0.00%
vii. ¢›¸Ÿ¸¸Äµ¸ 80.94 0.08% 1.78 0.00%
viii. Other Industries 6,653.57 6.18% 5,916.35 6.24%
viii. ‚›¡¸ „Ô¸¸½Š¸ 6,653.57 6.18% 5,916.35 6.24%
Agriculture 16,201.98 15.05% 14,384.66 15.16%
ˆ¼Å¢«¸ 16,201.98 15.05% 14,384.66 15.16%
MSME 23,132.87 21.49% 17,163.92 18.09%
‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ 23,132.87 21.49% 17,163.92 18.09%
Housing 17,909.07 16.64% 14,915.71 15.72%
‚¸¨¸¸¬¸ 17,909.07 16.64% 14,915.71 15.72%
Education 1,287.66 1.20% 1,227.70 1.29%
¢©¸®¸¸ 1,287.66 1.20% 1,227.70 1.29%
Exports 1,310.99 1.22% 1,167.11 1.23%
¢›¸¡¸¸Ä÷¸ 1,310.99 1.22% 1,167.11 1.23%
Commercial Real
1,508.58 1.40% 1,611.34
¨¸¸¢µ¸¦]¡¸ˆÅ ž¸»¬¸¿œ¸™¸ 1,508.58 1.40% 1,611.34 1.70% estate 1.70%
¬¸ˆÅ¥¸ ‚¢ŠÏŸ¸ 1,07,653.77 94,888.98 Gross Advances 1,07,653.77 94,888.98

2.2 Š¸ºµ¸¨¸î¸¸ ‚¸¾£ ‡›¸œ¸ú‡ œÏ¤¸¿š¸›¸ 2.2 Asset Quality and NPA Management

• ¤¸ÿˆÅ ›¸½ ¬¸ž¸ú ‚¿\¸¥¸ ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê Ÿ¸Ê "‚¸¦¬÷¸ ¨¸¬¸»¥¸ú ˆÅ®¸¸Ê (‡‚¸£¬¸ú)" ˆÅú • The Bank has set up “Asset Recovery Cells (ARC)” at all
¬˜¸¸œ¸›¸¸ ˆÅú í¾ ÷¸¸¢ˆÅ „››¸¡¸›¸ ‚¸¾£ ‡›¸œ¸ú‡ ¨¸¬¸»¥¸ú ˆ½Å ¢¥¸‡ š¡¸¸›¸ ˆÊÅ¢Í÷¸ zonal offices to ensure focused efforts for upgradation
and NPA recovery.
ˆÅ£›¸½ ˆ½Å œÏ¡¸¸¬¸ ¬¸º¢›¸¢ä¸÷¸ ¢ˆÅ‡ ]¸¸ ¬¸ˆÊÅ—
• Twelve Asset Recovery Branches (ARBs) have also
• ¤¸ÿˆÅ ›¸½ ‚œ¸›¸½ ‚¿\¸¥¸¸Ê Ÿ¸Ê ¤¸”õ½ ‡›¸œ¸ú‡ ‰¸¸÷¸¸Ê, ¢¨¸©¸½«¸ˆÅ£ ]¸í¸¿ ˆÅ¸›¸»›¸ú been set up across the Bank’s Zones for large NPA
ˆÅ¸£Ä¨¸¸ƒÄ \¸¥¸ £íú í¾ ÷¸˜¸¸ ]¸í¸¿ ¤¸ÿˆÅ ˆÅ¸½ ‚›¸º¨¸÷¸Ä›¸ ˆÅú ´¦«’ ¬¸½ ‚¢š¸ˆÅ š¡¸¸›¸ accounts, more particularly where legal actions are in
™½›¸½ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ í¾,ˆ½Å ¢¥¸‡ ¤¸¸£í ‚¸¦¬÷¸ ¨¸¬¸»¥¸ú ©¸¸‰¸¸‡¿ (‡‚¸£¤¸ú) progress so as to make focused follow up.
ž¸ú ¬˜¸¸¢œ¸÷¸ ˆÅú íÿ, ÷¸¸¢ˆÅ ‚›¸º¨¸÷¸Ä›¸ œ¸£ š¡¸¸›¸ ˆÊÅ¢Í÷¸ ¢ˆÅ¡¸¸ ]¸¸ ¬¸ˆ½Å— • Further, Bank has established Stressed Assets
• ƒ¬¸ˆ½Å ¬¸¸˜¸ íú ¤¸ÿˆÅ ›¸½ œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ Ÿ¸Ê ‡ˆÅ ‚¥¸Š¸ ¢¨¸ž¸¸Š¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ Management Vertical by way of a separate department
at Head Office under which Bank has started 4 (four)
¬¸½ ™¤¸¸¨¸ŠÏ¬÷¸ ‚¸¦¬÷¸ œÏ¤¸¿š¸›¸ ¨¸¢’Ĉť¸ ˆÅú ¬˜¸¸œ¸›¸¸ ˆÅú í¾, ¢]¸¬¸ˆ½Å ‚¿÷¸Š¸Ä÷¸ Stressed Assets Management (SAM) branches in
¤¸ÿˆÅ ›¸½ ¢™¥¥¸ú, Ÿ¸º¿¤¸ƒÄ, í¾™£¸¤¸¸™ ‚¸¾£ œ¸ºµ¸½ Ÿ¸Ê 4 (\¸¸£) ™¤¸¸¨¸ŠÏ¬÷¸ ‚¸¦¬÷¸ Delhi, Mumbai, Hyderabad and Pune, where NPAs with
œÏ¤¸¿š¸›¸ (‡¬¸‡‡Ÿ¸) ©¸¸‰¸¸‚¸Ê ˆÅú ¬˜¸¸œ¸›¸¸ ˆÅú íÿ, ]¸í¸¿ ` 5 ˆÅ£¸½”õ ‚¸¾£ balance of ` 5 crore and above are being monitored.
„¬¸¬¸½ ‚¢š¸ˆÅ ˆ½Å ©¸½«¸¨¸¸¥¸½ ‡›¸œ¸ú‡ ˆÅú ¢›¸Š¸£¸›¸ú ˆÅú ]¸¸÷¸ú í¾— ‡›¸œ¸ú‡ Focused follow up is undertaken to improve NPA
¨¸¬¸»¥¸ú Ÿ¸Ê ¬¸ºš¸¸£ í½÷¸º ˆ½Å¦›Í÷¸ ‚›¸º¨¸÷¸Ä›¸ ¢ˆÅ¡¸¸ ]¸¸‡Š¸¸— recovery.
• Loan Tracking Cell has been established where
• ¥¸¸½›¸ ’ ˆ¿ÅŠ¸ ˆÅ®¸ ˆÅú ¬˜¸¸œ¸›¸¸ ˆÅú Š¸ƒÄ í¾, ]¸í¸¿ ¤¸ÿˆÅ ¦¬¥¸œ¸½]¸½¬¸/ ™¤¸¸¨¸ŠÏ¬÷¸
Bank undertakes telephonic follow up on daily basis
‰¸¸÷¸¸Ê ˆ½Å „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆ½Å ¬¸¸˜¸ ™¾¢›¸ˆÅ ‚¸š¸¸£ œ¸£ ’½¢¥¸ûŸ½›¸ ¬¸½ ‚›¸º¨¸÷¸Ä›¸ ˆÅ£÷¸¸ with borrowers of stressed accounts / slippages and
í¾ ‚¸¾£ ‚¢÷¸™½¡¸¸Ê ˆ½Å œ¸º›¸ž¸ºŠÄ ¸÷¸¸›¸ œ¸£ ]¸¸½£ ¢™¡¸¸ ]¸¸÷¸¸ í¾— ‡½¬¸¸ ‚œ¸½¢®¸÷¸ í¾ ¢ˆÅ repayment of over dues is ensured. This has resulted in
ƒ¬¸ˆ½Å œ¸¢£µ¸¸Ÿ¸¬¨¸³Åœ¸ ¨¸¬¸»¥¸ú Ÿ¸Ê ¬¸ºš¸¸£ ‚¸¾£ ‡›¸œ¸ú‡ Ÿ¸Ê ˆÅ¸½¢’„››¸¡¸›¸ í¸½Š¸¸— improving recovery and upgradation of NPAs.
• ƒ£¸™÷¸›¸ \¸»ˆÅˆÅ÷¸¸Ä‚¸Ê ˆÅú œ¸í\¸¸›¸, ”ú‚¸£’ú/ ¬¸£û½Å¬¸ú ‚¢š¸¢›¸¡¸Ÿ¸¸Ê • The Bank has also set up separate Cells at Head Office
ˆ½Å ‚¿÷¸Š¸Ä÷¸ ˆÅ¸£Ä¨¸¸ƒÄ ˆÅ¸½ Š¸¢÷¸ œÏ™¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ›¸½ ‚œ¸›¸½ œÏš¸¸›¸ for identification of Wilful Defaulters and gearing up
actions under DRT/ SARFAESI Acts.
ˆÅ¸¡¸¸Ä¥¸¡¸ Ÿ¸Ê ‚¥¸Š¸ ˆÅ®¸¸Ê ˆÅú ž¸ú ¬˜¸¸œ¸›¸¸ ˆÅú í¾—

9
 Annual Report 2020-21

• ¤¸ÿˆÅ ¬¨¸œÏ½£µ¸¸ ¬¸½ Š¸¾£ ž¸½™ž¸¸¨¸œ¸»µ¸Ä ‚¸¾£ Š¸¾£ ¢¨¸¨¸½ˆÅ¸š¸ú›¸ ‡ˆÅ ¤¸¸£Š¸ú • Bank has been implementing suo-moto non-
discriminatory and non-discretionary One Time
¢›¸œ¸’¸›¸ (‚¸½’ú‡¬¸) ¡¸¸½]¸›¸¸‚¸Ê ˆÅ¸½ ¥¸¸Š¸» ˆÅ£ £í¸ í¾— ¨¸«¸Ä 2020-21 ˆ½Å
Settlement (OTS) schemes. During 2020-21 the Bank
™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ‡½¬¸ú ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ‚¸½’ú‡¬¸ ¡¸¸½]¸›¸¸‚¸Ê ˆÅú ©¸º³Å‚¸÷¸ ˆÅú í¾À introduced following OTS schemes:
ˆÅ. Ÿ¸í¸ £¸í÷¸ ¡¸¸½]¸›¸¸ 2020-21À ¬¸¿¢™Šš¸- I, ¬¸¿¢™Šš¸- II, a. Maha Rahat Yojana 2020-21: Scheme for
¬¸¿¢™Šš¸- III, í¸¢›¸ ‚¸¾£ TWO ª½µ¸ú Ÿ¸Ê NPA ‰¸¸÷¸¸Ê ˆ½Å the settlement of NPA accounts in Doubtful-I,
¢›¸œ¸’¸›¸ ˆ½Å ¢¥¸‡ ¡¸¸½]¸›¸¸, ¢]¸›¸Ÿ¸Ê 31.03.2020 ˆÅ¸½ ¥¸½]¸£ Doubtful-II, Doubtful-III, Loss and TWO category
having Ledger Balance up to ` 1.00 crore as of
¤¸¾¥¸Ê¬¸ ` 1.00 ˆÅ£¸½”õ ÷¸ˆÅ í¾— ¡¸í ¡¸¸½]¸›¸¸ 01.06.2020 ¬¸½ 31.03.2020. This scheme was effective from
œÏž¸¸¨¸ú ˜¸ú— 01.06.2020.
‰¸. Ÿ¸í¸ ¬¸Ÿ¸¸š¸¸›¸ ¡¸¸½]¸›¸¸ 2020-21À ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ b. Maha Samadhan Yojana 2020-21: Scheme for
‡›¸œ¸ú‡ ‰¸¸÷¸¸½ ˆ½Å ¢›¸œ¸’¸›¸ ˆ½Å ¢¥¸‡ ¡¸¸½]¸›¸¸ À the settlement of NPA accounts under:
i. Doubtful-I, Doubtful-II, Doubtful-III, Loss
i. ¬¸¿¢™Šš¸- I, ¬¸¿¢™Šš¸- II, ¬¸¿¢™Šš¸- III, í¸¢›¸ ‚¸¾£ and TWO category having Ledger Balance
TWO ª½µ¸ú ¢]¸›¸Ÿ¸Ê 31.03.2020 ˆÅ¸½ ¥¸½]¸£ ¤¸¾¥¸Ê¬¸ above ` 1.00 crore and up to 25.00 crore
`  1.00 ˆÅ£¸½”õ ¬¸½ ‚¢š¸ˆÅ ¬¸½ ` 25.00 ˆÅ£¸½”õ ÷¸ˆÅ í¾— as of 31.03.2020.

ii. ¬¸¿¢™Šš¸- III, í¸¢›¸ ‚¸¾£ TWO ª½µ¸ú ¢]¸›¸Ÿ¸Ê
31.03.2020 ˆÅ¸½ ¥¸½]¸£ ¤¸¾¥¸Ê¬¸ `  25.00 ˆÅ£¸½”õ ¬¸½
‚¢š¸ˆÅ ¬¸½ ` 50.00 ˆÅ£¸½”õ ÷¸ˆÅ í¾—
• ¤¸ÿˆÅ ›¸½ ™¸¾£½, œ¸°¸, ›¸¸½¢’¬¸, ¨¸¬¸»¥¸ú ¢©¸¢¨¸£, ¥¸¸½ˆÅ ‚™¸¥¸÷¸¸Ê, Ÿ¸í¸¤¸ÿˆÅ
‚™¸¥¸÷¸¸Ê, ¬¸£û½Å¬¸ú / ”ú‚¸£’ú ‚¢š¸¢›¸¡¸Ÿ¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ \¸»ˆÅˆÅ÷¸¸Ä
„š¸¸£ˆÅ÷¸¸Ä‚¸Ê œ¸£ Š¸í›¸ ‚›¸º¨¸÷¸úÄ ˆÅ¸£Ä¨¸¸ƒÄ ˆÅú í¾— ¢£{¸¸Á¥¡¸»©¸›¸
‡]¸Ê’¸Ê/ ¨¸¬¸»¥¸ú ‡]¸Ê’¸Ê ˆÅú ¬¸½¨¸¸‡¿ ¥¸ú ]¸¸÷¸ú íÿ, ÷¸¸¢ˆÅ ©¸ú‹Ï ¢›¸œ¸’¸›¸
í¸½ ¬¸ˆ½Å— ¤¸ÿˆÅ ›¸½ ¢™¨¸¸¥¸¸ ‚¸¾£ ¢™¨¸¸¢¥¸¡¸¸œ¸›¸ ˆÅ¸½” 2016 ˆ½Å œÏ¨¸¸š¸¸›¸¸Ê
ˆ½Å ‚¿÷¸Š¸Ä÷¸ ž¸ú ¢¨¸¢ž¸››¸ ¤¸”õ½ ‡›¸œ¸ú‡ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆ½Å ¢¨¸³ÅÖ ˆÅ¸£Ä¨¸¸ƒÄ
©¸º³Å ˆÅú í¾—
‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆÅú ¦¬˜¸¢÷¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À
ii. Doubtful-III, Loss and TWO category
having Ledger Balance above ` 25.00
crore and up to 50.00 crore as of
31.03.2020.
• Bank has also made intensive follow up with the
defaulting borrowers through visits, letters, notices,
Recovery Camps, Lok Adalats, Mahabank Adalats,
actions under SARFAESI / DRT Act. Services of
Recovery Agents / Resolution Agents are engaged so as
to have an early resolution. The Bank has also initiated
action under the provisions of Insolvency & Bankruptcy
Code 2016 against various large NPA borrowers.
Position of Non- Performing Assets was as under:

12152.15 12152.15

7779.68 7779.68
in Rs Crs
in Rs Crs

4145.38 4145.38

2647.19 2544.32 2647.19

2544.32
1754.95 1754.95

Gross NPA Net NPA Cash Recovery Gross NPA Net NPA Cash Recovery

Amt. as on 31.03.2020 Amt as on 31.03.2021 Amt. as on 31.03.2020 Amt as on 31.03.2021

4.77 4.77
Net NPA % of Advances Net NPA % of Advances
2.48 2.48

12.81 12.81
Gross NPA % of Advances Gross NPA % of Advances
7.23 7.23

0 2 4 6 8 10 12 14 0 2 4 6 8 10 12 14

31.03.2020 31.03.2021 31.03.2020 31.03.2021

10
Jeeef<e&keÀ efjHeesì& 2020-21

2.3 ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ˆÅ¸£¸½¤¸¸£ 2.3 Foreign Exchange Business

Currently, the bank has 36 “B” Category Branches across the
`‡' ª½µ¸ú ˆ½Å ³Åœ¸ Ÿ¸Ê Ÿ¸º¿¤¸ƒÄ ¦¬˜¸÷¸ ‰¸]¸¸›¸¸ ¨¸ ‚¿÷¸£¸Ä«’ïú¡¸ ©¸¸‰¸¸ (’ú‚¸ƒÄ¤¸ú¤¸ú) ˆ½Å country catering to the international business needs of the
‚¢÷¸¢£Æ÷¸ ¤¸ÿˆÅ ˆ½Å ŠÏ¸íˆÅ¸Ê ˆÅú ‚¿÷¸£¸Ä«’ïú¡¸ ¨¡¸¨¸¬¸¸¡¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅ¸½ œ¸»£¸ customers of the Bank apart from Treasury and International
Banking Branch (TIBB) at Mumbai as “A” category Branch. The
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸Ê ™½©¸ ž¸£ Ÿ¸Ê 36 ¤¸ú ª½µ¸ú ˆÅú ©¸¸‰¸¸‡¿ íÿ— Merchant Business for FY 2020-21 stood at ` 30,451.46 crore.
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ Ÿ¸\¸½Ä›’ ¨¡¸¨¸¬¸¸¡¸ ` 30,451.46 ˆÅ£¸½”õ £í¸— ¨¸«¸Ä The performance during the year 2020-21 can be seen below:
2020-21 ˆ½Å ™¸¾£¸›¸ ˆÅ¸¡¸Ä¢›¸«œ¸¸™›¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ™©¸¸Ä¡¸¸ Š¸¡¸¸ í¾— (` in Crore)
(` ˆÅ£¸½”õ Ÿ¸Ê) Percentage
Particulars 2020-21 2019-20
of (+/-)
œÏ¢÷¸©¸÷¸ Total FEX Business
¢¨¸¨¸£µ¸ 2020-21 2019-20 Turnover
634389.59 568236.68 11.64%
(+/-) Merchant Business
ˆºÅ¥¸ ‡ûŃćƬ¸ ¨¡¸¨¸¬¸¸¡¸ 634389.59 568236.68 11.64% Turnover
30451.46 35127.77 -13.31%
’›¸Ä‚¸½¨¸£ Profit in FEX Business 153.09 166.07 -7.82%
¨¡¸¸œ¸¸£ú ¨¡¸¨¸¬¸¸¡¸ ’›¸Ä‚¸½¨¸£ 30451.46 35127.77 -13.31% 2.4 Investment
‡ûŃćƬ¸ ¨¡¸¨¸¬¸¸¡¸ Ÿ¸Ê ¥¸¸ž¸ 153.09 166.07 -7.82% The breakup of Investments into SLR & Non-SLR investments
is given below:
2.4 ¢›¸¨¸½©¸
• The Gross Investments as on 31.03.2021 stood at
‡¬¸‡¥¸‚¸£ ‚¸¾£ Š¸¾£-‡¬¸‡¥¸‚¸£ ¢›¸¨¸½©¸ Ÿ¸Ê ¢›¸¨¸½©¸ ˆÅ¸ ¤Ï½ˆÅ‚œ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ¢™¡¸¸ Š¸¡¸¸ í¾À ` 68,646.70 crore, of which ` 52,196.56 crore are
• 31.03.2021 ˆÅ¸½ ¬¸ˆÅ¥¸ ¢›¸¨¸½©¸ ` 68,646.70 ˆÅ£¸½”õ £í¸, ¢]¸¬¸Ÿ¸Ê ¬¸½ SLR securities and `  16,450.14 crore are Non-SLR
`  52,196.56 ˆÅ£¸½”õ ‡¬¸‡¥¸‚¸£ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ ‚¸¾£ `16,450.14 Securities. The excess SLR securities as on 31.03.2021
stood at ` 21,498.85 crore.
ˆÅ£¸½”õ Š¸¾£-‡¬¸‡¥¸‚¸£ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ íÿ— 31.03.2021 ˆÅ¸½ ‚¢÷¸¢£Æ÷¸
• The net investments (net of provisions) stood at `
‡¬¸‡¥¸‚¸£ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ ` 21,498.85 ˆÅ£¸½”õ £íú— 68,111.65 crore as on 31.03.2021 as compared to `
• ¢›¸¨¸¥¸ ¢›¸¨¸½©¸ (œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ ¢›¸¨¸¥¸) 31.03.2020 ˆ½Å ` 57,740.85 57,740.85 crore as on 31.03.2020. Investments under
ˆÅ£¸½”õ ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê 31.03.2021 ˆÅ¸½ ` 68,111.65 ˆÅ£¸½”õ £í¸— Held to Maturity (HTM) category consist of 69.35%,
œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ (‡\¸’ú‡Ÿ¸) ª½µ¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸¨¸½©¸ ˆÅ¸ 69.35% while Available for Sale (AFS) comprised of 30.65%
©¸¸¢Ÿ¸¥¸ í¾, ]¸¤¸¢ˆÅ ¢¨¸ÇÅ¡¸ ˆ½Å ¢¥¸‡ „œ¸¥¸¤š¸ (‡‡ûҬ¸) 31.03.2021 of total investment portfolio as of 31.03.2021. The net
interest income from investment activity stood at `
÷¸ˆÅ ˆºÅ¥¸ ¢›¸¨¸½©¸ œ¸¸½’ûÄ Å¸½¢¥¸¡¸¸½ ˆÅ¸ 30.65% ©¸¸¢Ÿ¸¥¸ í¾— ¢›¸¨¸½©¸ Š¸¢÷¸¢¨¸¢š¸ ¬¸½ 4,158.32 crore in year ended 31.03.2021 as compared
¢›¸¨¸¥¸ ¤¡¸¸]¸ ‚¸¡¸ ¢œ¸Ž¥¸½ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ `  4,203.89 ˆÅ£¸½”õ ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê to ` 4,203.89 crore during the last year (down by 1.08%).
31.03.2021 ˆÅ¸½ ` 4,158.32 ˆÅ£¸½”õ £íú (1.08% ˆÅú ˆÅŸ¸ú). • The Non-Performing Investments stood at ` 446.97
• 31.03.2021 ˆÅ¸½ Š¸¾£-¢›¸«œ¸¸™›¸ ¢›¸¨¸½©¸ ` 446.97 ˆÅ£¸½”õ ²Åœ¸‡ £í¸. crore as on 31.03.2021.

Breakup of Investments (as on 31.03.2021) Breakup of Investments (as on 31.03.2021)

24% 24%

58% 58%
18% 18%

SLR Securi es Non -SLR Securi es Excess SLR Securi es SLR Securi es Non -SLR Securi es Excess SLR Securi es

4158.32 4203.89 4158.32 4203.89

446.97 446.97 379.15

379.15

2020-21 2019-20 2020-21 2019-20

Non performing Investments (Rs in Crs) Non performing Investments (Rs in Crs)

Net Interest Income from Investment Ac vity (Rs in Crs) Net Interest Income from Investment Ac vity (Rs in Crs)

11
 Annual Report 2020-21

2.5 ¨¡¸¸œ¸¸£ú ¤¸ÿ¢ˆ¿ÅŠ¸ À 2.5 Merchant Banking

¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ]¸¸£úˆÅ÷¸¸Ä ‚¸¾£ ž¸ºŠ¸÷¸¸›¸ˆÅ÷¸¸Ä ‡]¸Ê’ (‚¸ƒÄœ¸ú‡) ˆ½Å ³Åœ¸ Ÿ¸Ê The Bank handled 44 issues (previous year 63 issues) of
‚œ¸›¸½ ŠÏ¸íˆÅ¸Ê ˆ½Å ¢¥¸‡ ` 32,745 ˆÅ£¸½”õ (¢œ¸Ž¥¸½ ¨¸«¸Ä ` 22,220 ˆÅ£¸½”õ) ˆ½Å Commercial Paper amounting to ` 32,745 crore (previous year
` 22,220 crore) for its clients as an Issuing and Paying Agent
¨¸¸¢µ¸¦]¡¸ˆÅ œ¸°¸ ˆ½Å 44 Ÿ¸¸Ÿ¸¥¸½ (¢œ¸Ž¥¸½ ¬¸¸¥¸ 63 Ÿ¸¸Ÿ¸¥¸½) ˆÅ¸ ¬¸¿\¸¥¸›¸ ¢ˆÅ¡¸¸ í¾— (IPA) during the year.

2.6 „š¸¸¢£¡¸¸¿ À 2.6 Borrowings

31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¤¸ÿˆÅ ˆÅú „š¸¸¢£¡¸¸¿ ¢›¸Ÿ›¸¸›¸º¬¸¸£ œ¸º›¸À¢¨¸î¸ ¬¸¢í÷¸, ` 4238.75 The borrowing of the Bank as on March 31, 2021 stood at `
ˆÅ£¸½”õ £íú; 4238.75 crore including re-finance as under:

31.03.2021 31.03.2020 œÏ¢÷¸©¸÷¸ Amount Amount

Percentage
¢¨¸¨¸£µ¸ Particular as at as at
of (+/-)
ˆÅ¸½ £¸¢©¸ ˆÅ¸½ £¸¢©¸ (+/-) 31.03.2021 31.03.2020

ˆºÅ¥¸ „š¸¸¢£¡¸¸¿ 4,238.75 3,670.03 15.50% Total Borrowing 4,238.75 3,670.03 15.50%

¢]¸›¸Ÿ¸Ê ¬¸½ ‡¥¸‡‡ûÅ ˆ½Å ‚¿÷¸Š¸Ä÷¸ of which Borrowing RBI under 500.00 478.00 4.60%
500.00 478.00 4.60%
ž¸¸¢£¤¸ÿ „š¸¸¢£¡¸¸¿ LAF

¢]¸›¸Ÿ¸Ê ¬¸½ ¤¸¸]¸¸£ ‚¸£ƒÄ‡ûÅ‚¸½ of which Borrowing Market REPO 0.00 0.00 –
0.00 0.00 -
„š¸¸¢£¡¸¸¿
Of which Borrowing TRePS 0.00 0.00 –
¢]¸›¸Ÿ¸Ê ¬¸½ ’ú‚¸£ƒÄœ¸ú‡¬¸ (G-Sec)
0.00 0.00 -
(]¸ú-¬¸½ˆÅ) „š¸¸¢£¡¸¸¿ Of which Refinance from –
¢]¸¬¸Ÿ¸Ê ¬¸½ œ¸º›¸À¢¨¸î¸
NABARD 0.00 0.00 –
›¸¸¤¸¸”Ä 0.00 0.00 -
EXIM BANK 0.00 0.00 –
‡¦Æ]¸Ÿ¸ ¤¸ÿˆÅ 0.00 0.00 -
NHB 0.00 0.00 –
‡›¸‡\¸¤¸ú 0.00 0.00 -
MUDRA 0.00 0.00 –
Ÿ¸ºÍ¸ 0.00 0.00 -
SIDBI 51.55 85.75 -39.88%
¢¬¸”¤¸ú 51.55 85.75 -39.88%
¢]¸›¸Ÿ¸Ê ¬¸½ ¤¸¸Áµ”ì¸ ‚¸¾£ ¢”¤¸Ê\¸£ Borrowings in the form of Bonds & 3,605.70 3,100.00 16.31%
3,605.70 3,100.00 16.31% debentures capital instruments
œ¸»¿]¸ú ¢¥¸‰¸÷¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê „š¸¸¢£¡¸¸¿
Borrowings outside India 81.45 6.23 1207.38%
ž¸¸£÷¸ ¬¸½ ¤¸¸í£ „š¸¸¢£¡¸¸¿ 81.45 6.23 1207.38%
Others 0.05 0.05 0.00%
‚›¡¸ 0.05 0.05 0.00%
2.7 Depository Services
2.7 ¢›¸®¸½œ¸ú ¬¸½¨¸¸‡¿
• Bank is Depository Participant (DP) of Central Depository
• ¤¸ÿˆÅ ¢¬¸÷¸¿¤¸£ 1999 ¬¸½ íú ž¸¸£÷¸ú¡¸ ˆÊÅÍú¡¸ ¢›¸®¸½œ¸ú ¬¸½¨¸¸‡¿ ¢¥¸¢Ÿ¸’½”
Services of India Ltd. (CDSL) since September 1999.
(¬¸ú”ú‡¬¸‡¥¸) ˆÅ¸ ¢›¸®¸½œ¸ú ¬¸íž¸¸Š¸ú (”úœ¸ú) í¾.
• The Bank has also introduced Basic Services DEMAT
• ¤¸ÿˆÅ ›¸½ ¤¸º¢›¸¡¸¸™ú ¬¸½¨¸¸‡¿ ”úŸ¸¾’ ‰¸¸÷¸¸ ¬¸º¢¨¸š¸¸ (¤¸ú‡¬¸”ú‡) ž¸ú ©¸º³Å ˆÅú í¾— Account Facility (BSDA).
• ¤¸ÿˆÅ ›¸½ ›¸½’-¤¸ÿ¢ˆ¿ÅŠ¸ ‚¸¾£ ¡¸»œ¸ú‚¸ƒÄ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ‡‡¬¸¤¸ú‡ ˆÅú ©¸º²Å‚¸÷¸ ˆÅú • Bank has introduced ASBA through net-banking and
í¾— UPI.

2.8 Bancassurance
2.8 ¤¸ÿˆÅ‡©¡¸¸½£½›¬¸
• Bank is corporate agent for carrying out Bancassurance
• ¤¸ÿˆÅ ‡©¡¸¸½£Ê¬¸ ¨¡¸¨¸¬¸¸¡¸ ˆÅ£›¸½ í½÷¸º ¤¸ÿˆÅ ÷¸ú›¸¸Ê ¬¸½ŠŸ¸Ê’ ‚˜¸¸Ä÷¸ ]¸ú¨¸›¸ ¤¸úŸ¸¸,
business under all three segments i.e. Life Insurance,
Š¸¾£-]¸ú¨¸›¸ ¤¸úŸ¸¸ ÷¸˜¸¸ ¬¨¸¸¬˜¡¸ ¤¸úŸ¸¸ í½÷¸º ˆÅ¸Áœ¸¸½Ä£½’ ‡]¸Ê’ í¾— General Insurance and Health Insurance.
• ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ˆÅ¸¡¸Ä¢›¸«œ¸¸™›¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ™½‰¸¸ ]¸¸ ¬¸ˆÅ÷¸¸ í¾ À • Performance during the year 2020-21
(` in Crore)
(` ˆÅ£¸½”õ Ÿ¸Ê)
No. of Premium Commission
œ¸¸Á¢¥¸¢¬¸¡¸¸Ê œÏú¢Ÿ¸¡¸Ÿ¸ ˆÅŸ¸ú©¸›¸ Insurance
Policies (` Cr) (` Cr)
¤¸úŸ¸¸
ˆÅú ¬¸¿‰¡¸¸ (` ˆÅ£¸½”õ) (` ˆÅ£¸½”õ)
Life 8,728 46.75 8.65
]¸ú¨¸›¸ 8,728 46.75 8.65
General 1,35,996 49.84 6.06
¬¸¸Ÿ¸¸›¡¸ 1,35,996 49.84 6.06
¬¨¸¸¬˜¡¸ 55,518 46.18 6.92 Health 55,518 46.18 6.92

ˆºÅ¥¸ 2,00,242 142.77 21.63 Total 2,00,242 142.77 21.63

12
Jeeef<e&keÀ efjHeesì& 2020-21

No. of Policies No. of Policies

4.36% 4.36%

27.73% 27.73%

67.92% 67.92%

Life General Health Life General Health

6.92 6.92

Commission 6.06 Commission 6.06

8.65 8.65
Rs In Crs

Rs In Crs
46.18 46.18

Premium 49.84 Premium 49.84

46.75 46.75

0 10 20 30 40 50 60 0 10 20 30 40 50 60

Health General Life Health General Life

2.9 Government Business

2.9 ¬¸£ˆÅ¸£ú ˆÅ¸£¸½¤¸¸£
• During the Year 2020-21, 4,67,399 Challans of direct
• •¤¸ÿˆÅ ׸£¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸, ˆºÅ¥¸ 4,67,399 œÏ÷¡¸®¸ ˆÅ£ \¸¸¥¸¸›¸
taxes and 31,963 Challans of Indirect taxes were
‚¸¾£ 31,963 ‚œÏ÷¡¸®¸ ˆÅ£¸Ê ˆ½Å \¸¸¥¸¸›¸ ¨¸¬¸»¥¸½ Š¸‡— \¸¸¥¸» ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ collected by the branches. Total Commission to the tune
ˆÊÅÍ/ £¸]¡¸ ¬¸£ˆÅ¸£ ¬¸½ ˆÅ£ ¨¸¬¸»¥¸ú ¨¡¸¨¸¬¸¸¡¸ ‚¸¾£ ‚›¡¸ ¨¡¸¨¸¬¸¸¡¸ ¬¸½ of ` 3.74 Crore was received on tax collection business
`  3.74 ˆÅ£¸½”õ ˆÅ¸ ˆºÅ¥¸ ˆÅŸ¸ú©¸›¸ œÏ¸œ÷¸ íº‚¸— from Central/state government and other business in
current Year.
• ¨¸¢£«“ ›¸¸Š¸¢£ˆÅ¸Ê ˆÅ¸½ ¬¸½¨¸¸ ˆ½Å ³Åœ¸ Ÿ¸Ê, ¤¸ÿˆÅ ˆ½Å›Íú¡¸ œ¸Ê©¸›¸ œÏ¸½¬¸½¢¬¸¿Š¸
ˆÅ®¸ (¬¸úœ¸úœ¸ú¬¸ú) œ¸ºµ¸½ Ÿ¸Ê ˆ½Å›Í ¬¸£ˆÅ¸£, £®¸¸, £½¥¸¨¸½ ‚¸¾£ ’½¢¥¸ˆÅ¸ÁŸ¸ • As a service to senior citizens, the bank is processing
ˆ½Å 107307 ¬¸½ ž¸ú ‚¢š¸ˆÅ œ¸Ê©¸›¸£¸Ê ˆÅú Ÿ¸¸¢¬¸ˆÅ œ¸Ê©¸›¸ ˆÅú Š¸µ¸›¸¸ ˆÅ£ and crediting monthly pension payments of more than
107307 at Central government, Defense, Railway and
„¬¸½ ‰¸¸÷¸½ Ÿ¸Ê ]¸Ÿ¸¸ ˆÅ£›¸½ ˆÅ¸ ˆÅ¸¡¸Ä ˆÅ£ £í¸ í¾— ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡
Telecom pensioners at central Pension Processing
¬¸£ˆÅ¸£ú ¨¡¸¨¸¬¸¸¡¸ (œ¸Ê©¸›¸) œ¸£ ` 10.81 ˆÅ£¸½”õ ˆÅ¸ ˆÅŸ¸ú©¸›¸ œÏ¸œ÷¸
Cell (CPPC), Pune. The commission on Government
íº‚¸— .
Business (Pension) for the Year 2020-21 is ` 10.81
• ¤¸ÿˆÅ ›¸½ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 Ÿ¸Ê 1,14,517 ›¸‡ ¬¸¸¨¸Ä]¸¢›¸ˆÅ ž¸¢¨¸«¡¸ Crores.

¢›¸¢š¸ (œ¸úœ¸ú‡ûÅ) ‰¸¸÷¸½ ‰¸¸½¥¸½ íÿ— • Bank has opened 1,14,517 new Public Provident fund
(PPF) accounts in FY 2020-21.

13
 Annual Report 2020-21

2.10 ‚¸¡¸, ¨¡¸¡¸ ‚¸¾£ ¥¸¸ž¸œÏ™÷¸¸ 2.10 Income, Expenditure and Profitability

¤¸ÿˆÅ ˆÅú ˆºÅ¥¸ ‚¸¡¸ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2019-20 Ÿ¸Ê ` 13144.68 ˆÅ£¸½”õ ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê The total income of the Bank stood at ` 14,493.80 crore in FY
2020-21 as compared to ` 13,144.68 crore in FY 2019-20. The
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 Ÿ¸Ê ` 14,493.80 ˆÅ£¸½”õ £íú. ¢¨¸¬÷¸¼÷¸ ‚¸¡¸/ ¨¡¸¡¸ ‹¸’ˆÅ detailed income/expenditure components are as under:
¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À
(`  in crore)
(` ˆÅ£¸½”õ Ÿ¸Ê) Variation
Particulars 2020-21 2019-20
‚¿÷¸£ ( in %)
¤¡¸¸½£¸ 2019-20 2018-19 Interest / discount on
(% Ÿ¸Ê) 7153.93 6409.27 11.62%
advances / bills
‚¢ŠÏŸ¸¸Ê/¢¤¸¥¸¸Ê œ¸£ ¤¡¸¸]¸/Ž»’ 7153.93 6409.27 11.62%
Income on investments 4153.4 4202.69 -1.17%
¢›¸¨¸½©¸¸Ê œ¸£ ‚¸¡¸ 4153.4 4202.69 -1.17% Interest on interbank
‚¿÷¸£ ¤¸ÿˆÅ „š¸¸£ú œ¸£ ¤¡¸¸]¸ ‡¨¸¿ 561.21 883.49 -36.48% 561.21 883.49 -36.48%
lending & other Interest
‚›¡¸ ¤¡¸¸]¸ Total interest income 11868.54 11495.45 3.25%
ˆºÅ¥¸ ¤¡¸¸]¸ ‚¸¡¸ 11868.54 11495.45 3.25% Non-interest income 2625.26 1649.23 59.18%
Š¸¾£¤¡¸¸]¸ ‚¸¡¸ 2625.26 1649.23 59.18% Total Income 14493.8 13144.68 10.26%
Interest on deposits 6525.95 6757.19 -3.42%
ˆºÅ¥¸ ‚¸¡¸ 14493.8 13144.68 10.26% Interest on borrowings 49.65 20.56 141.49%
]¸Ÿ¸¸ œ¸£ ¤¡¸¸]¸ 6525.95 6757.19 -3.42% Other Interest
395.47 438.90 -9.90%
„š¸¸£ú œ¸£ ¤¡¸¸]¸ 49.65 20.56 141.49% expenditure
‚›¡¸ ¤¡¸¸]¸ ¨¡¸¡¸ 395.47 438.90 -9.90% Staff expenses 2255.21 1743.82 29.33%
ˆÅŸ¸Ä\¸¸£ú ¨¡¸¡¸ 2255.21 1743.82 29.33% Other Operating
1309.84 1337.15 -2.04%
expenses
‚›¡¸ œÏ\¸¸¥¸›¸Š¸÷¸ ¨¡¸¡¸ 1309.84 1337.15 -2.04% Total Non-interest
3565.05 3080.97 15.71%
ˆºÅ¥¸ Š¸¾£ ¤¡¸¸]¸ ¨¡¸¡¸ 3565.05 3080.97 15.71% expenses
ˆºÅ¥¸ ¨¡¸¡¸ 10536.12 10297.62 2.32% Total Expenses 10536.12 10297.62 2.32%
Operating Profit 3957.68 2847.06 39.01%
œÏ\¸¸¥¸›¸Š¸÷¸ ¥¸¸ž¸ 3957.68 2847.06 39.01%
Provisions and
œÏ¸¨¸š¸¸›¸ ‡¨¸¿ ‚¸ˆÅ¦¬Ÿ¸ˆÅ÷¸¸‡¿ 3407.43 2458.48 38.60% 3407.43 2458.48 38.60%
Contingencies
¢›¸¨¸¥¸ ¥¸¸ž¸/ (í¸¢›¸) 550.25 388.58 41.61% Net Profit 550.25 388.58 41.61%

2.11 ¢¨¸î¸ú¡¸ ‚›¸ºœ¸¸÷¸ À 2.11 Financial Ratios

¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ˆ½Å ¢¨¸¢ž¸››¸ ¢¨¸î¸ú¡¸ Ÿ¸¸›¸ˆÅ¸Ê ˆÅ¸½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ™½‰¸¸ ]¸¸ The various financial parameters of the Bank during the year
¬¸ˆÅ÷¸¸ í¾À 2020-21 can be seen below:
Particulars 2020-21 2019-20
¢¨¸¨¸£µ¸ 2020-21 2019-20
EPS (`) 0.88 0.67
œÏ¢÷¸ ©¸½¡¸£ ‚¸¡¸ (ƒÄœ¸ú‡¬¸) (`) 0.88 0.67
Cost to Income Ratio (percent) 47.39 51.97
‚¸¡¸ ¬¸½ ¥¸¸Š¸÷¸ ˆÅ¸ ‚›¸ºœ¸¸÷¸ (%) 47.39 51.97
‚¸¦¬÷¸¡¸¸Ê œ¸£ ‚¸¡¸ (%) 0.30 0.23 Return on assets (percent) 0.30 0.23

ƒ¦Æ¨¸’ú œ¸£ ‚¸¡¸ (% 7.17 6.32 Return on equity (per cent) 7.17 6.32

œÏ¢÷¸©¸½¡¸£ ¤¸íú Ÿ¸»¥¡¸ (`) 12.22 11.99 Book value per share (`) 12.22 11.99

œÏ¢÷¸ ©¸¸‰¸¸ ¥¸¸ž¸ (` ¥¸¸‰¸ Ÿ¸Ê) 28.02 21.20 Profit per Branch (` in lakh) 28.02 21.20
œÏ¢÷¸ ˆÅŸ¸Ä\¸¸£ú ¥¸¸ž¸ (` ¥¸¸‰¸ Ÿ¸Ê) 4.19 3.10 Profit per employee (` in lakh) 4.19 3.10
œÏ¢÷¸ ©¸¸‰¸¸ ˆÅ¸£¸½¤¸¸£ (` ˆÅ£¸½”õ Ÿ¸Ê) 143.11 133.64 Business per Branch (` in crore) 143.11 133.64
œÏ¢÷¸ ˆÅŸ¸Ä\¸¸£ú ˆÅ¸£¸½¤¸¸£ (` ˆÅ£¸½”õ Ÿ¸Ê) 21.45 19.55 Business per employee (` in crore) 21.45 19.55
‚¸¾¬¸÷¸ ˆÅ¸¡¸ÄˆÅ¸£ú ¢›¸¢š¸¡¸¸Ê ¬¸½ œÏ¢÷¸©¸÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê 6.42 6.78 Interest income as per cent to
¤¡¸¸]¸ ‚¸¡¸ Average working funds 6.42 6.78
‚¸¾¬¸÷¸ ˆÅ¸¡¸ÄˆÅ¸£ú ¢›¸¢š¸¡¸¸Ê ¬¸½ œÏ¢÷¸©¸÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê 1.42 0.97 Non-Interest income as per cent to
average working funds 1.42 0.97
Š¸¾£-¤¡¸¸]¸ú‚¸¡¸
Net Interest Margin (per cent)* 2.84 2.60
¢›¸¨¸¥¸ ¤¡¸¸]¸ Ÿ¸¸¢]¸Ä›¸ (œÏ¢÷¸©¸÷¸)* 2.84 2.60
‚¸¾¬¸÷¸ ˆÅ¸¡¸ÄˆÅ¸£ú ¢›¸¢š¸¡¸¸Ê ¬¸½ œÏ¢÷¸©¸÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê 2.14 1.68 Operating Profit as per cent to
average working Funds 2.14 1.68
œ¸¢£\¸¸¥¸›¸Š¸÷¸ ¥¸¸ž¸
Staff expenses as a percent to
‚¸¾¬¸÷¸ ˆÅ¸¡¸ÄˆÅ¸£ú ¢›¸¢š¸¡¸¸Ê ˆ½Å œÏ¢÷¸©¸÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê 1.22 1.03 average working funds 1.22 1.03
¬’¸ûÅ ‰¸\¸Ä
Dividend (per cent) 0.00 0.00
¥¸¸ž¸¸¿©¸ (œÏ¢÷¸©¸÷¸) 0.00 0.00
Net worth (` in crore) 8019.20 6985.74
›¸½’¨¸˜¸Ä (` ˆÅ£¸½”õ Ÿ¸Ê) 8019.20 6985.74
CRAR (%) 14.49 13.52
¬¸ú‚¸£‡‚¸£ (%) ¤¸½¬¸¥¸ II 14.49 13.52
Of which, Tier I CRAR (%) 10.98 10.67
¢]¸¬¸Ÿ¸Ê ¬¸½ ¢’¡¸£ -I ¬¸ú‚¸£‡‚¸£ (%) (¤¸½¬¸¥¸ II) 10.98 10.67

14
Jeeef<e&keÀ efjHeesì& 2020-21

2.12 œ¸»¿]¸ú 2.12 Capital

• ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸, ¤¸ÿˆÅ ›¸½ ` 831 ˆÅ£¸½”õ ˆ½Å œ¸»¿]¸ú œÏ¨¸¸í ˆ½Å ¤¸™¥¸½ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅ¸½
25 ‚Š¸¬÷¸, 2020 ˆÅ¸½ ` 11.29 œÏ¢÷¸ ƒ¦Æ¨¸’ú ©¸½¡¸£ ˆ½Å ¢›¸Š¸ÄŸ¸ Ÿ¸»¥¡¸ œ¸£ ¤¸ÿˆÅ ˆ½Å
` 10/- ˆ½Å 73,60,49,601 ƒ¦Æ¨¸’ú ©¸½¡¸£ ‚¸¨¸¿¢’÷¸ ¢ˆÅ‡— ¤¸ÿˆÅ ›¸½ ¢¨¸î¸ú¡¸ ¨¸«¸Ä
2020-21 Ÿ¸Ê ` 505.70 ˆÅ£¸½”õ ˆÅú ¢’¡¸£ II œ¸»¿]¸ú ž¸ú ]¸º’¸ƒÄ—
During the year, Bank has allotted 73,60,49,601 equity shares
of ` 10/- each of Bank to Government of India at issue price
of `11.29 per equity share on 25th August, 2020 against the
capital infusion of `831 crore. Bank also raised Tier II capital of
` 505.70 crore in financial year 2020-21.

2.13 ›¸½’¨¸˜¸Ä 2.13 Net worth

¤¸ÿˆÅ ˆÅ¸ ›¸½’¨¸˜¸Ä 31.03.2020 ˆ½Å ` 6,985.74 ˆÅ£¸½”õ ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê 31.03.2021 The Bank’s Net Worth stood at ` 8019.20 crore as on
ˆÅ¸½ ` 8019.20 ˆÅ£¸½”õ £í¸. 31.03.2021 as against ` 6985.74 crore as on 31.03.2020.

2.14 œ¸»¿]¸ú œ¸¡¸¸Äœ÷¸÷¸¸ ‚›¸ºœ¸¸÷¸ 2.14 Capital Adequacy Ratio

¤¸½¬¸¥¸-III Ÿ¸¸›¸™¿”¸Ê ˆ½Å ‚›¸º¬¸¸£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ›¡¸»›¸÷¸Ÿ¸ ¢›¸š¸¸Ä¢£÷¸ The Capital Adequacy ratio stood at 14.49% as on 31.03.2021,
against the minimum requirement of 10.87% (including CCB)
10.87% (¬¸ú¬¸ú¤¸ú ¬¸¢í÷¸) ˆ½Å œ¸»¿]¸ú œ¸¡¸¸Äœ÷¸÷¸¸ ‚›¸ºœ¸¸÷¸ ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê prescribed by RBI in terms of Basel III norms. The Common
31.03.2021 ˆÅ¸½ ¤¸ÿˆÅ ˆÅ¸ œ¸»¿]¸ú œ¸¡¸¸Äœ÷¸÷¸¸ ‚›¸ºœ¸¸÷¸ 14.49% £í¸— ¬¸¸Ÿ¸¸›¡¸ Equity Tier 1 capital ratio stood at 10.98%.
ƒ¦Æ¨¸’ú ¢’¡¸£-I œ¸»¿]¸ú ‚›¸ºœ¸¸÷¸ 10.98% £í¸—
3. RESOURCES: BANKING OUTLETS, HUMAN RESOURCES,
3. ¬¸¿¬¸¸š¸›¸ À ¤¸ÿ¢ˆ¿ÅŠ¸ ‚¸„’¥¸½’, Ÿ¸¸›¸¨¸ ¬¸¿¬¸¸š¸›¸, ‚¸ƒÄ’ú ‚¨¸¬¸¿£\¸›¸¸, IT INFRASTRUCTURE, CUSTOMER RESPONSIVENESS
ŠÏ¸íˆÅ ‚›¸º¢ÇÅ¡¸¸©¸ú¥¸÷¸¸ ‚¸¾£ ‚›¡¸ AND OTHERS:

3.1 ©¸¸‰¸¸ ‚¸„’¥¸½’ / ‡’ú‡Ÿ¸ ›¸½’¨¸ˆÄÅ 3 .1 Banking Outlet/ ATM Network

31.03.2020 ˆÅ¸½ 1833 ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê 31.03.2021 ˆÅ¸½, ¤¸ÿˆÅ ˆ½Å 1964 ¤¸ÿ¢ˆ¿ÅŠ¸ As on 31.03.2021, the Bank had 1964 banking outlets spread
‚¸„’¥¸½’ ¬¸ž¸ú £¸]¡¸¸Ê ‚¸¾£ Ží ˆÊÅÍ ©¸¸¢¬¸÷¸ œÏ™½©¸¸Ê Ÿ¸Ê û¾Å¥¸½ íº‡ ˜¸½— ¤¸ÿ¢ˆ¿ÅŠ¸ across all the States and six union territories as compared to
‚¸„’¥¸½’ì¸ Ÿ¸Ê 1915 ©¸¸‰¸¸‡¿ ‚¸¾£ 49 ¢ûÅƬ” œ¸¸Áƒ¿’ ‚¸„’¥¸½’ì¸ ©¸¸¢Ÿ¸¥¸ íÿ, 1833 as on 31.03.2020. The banking outlets comprised of 1915
branches and 49 fixed point outlets served by Bank Mitras,
¢]¸›íÊ ¤¸ÿˆÅ ¢Ÿ¸°¸ ׸£¸ ¬¸½¨¸¸ œÏ™¸›¸ ˆÅú ]¸¸÷¸ú í¾, ¢]¸›íÊ ŠÏ¸íˆÅ ¬¸½¨¸¸ ¢¤¸¿™º (CSP) ›¸¸Ÿ¸
named as Customer Service Point (CSP).
¢™¡¸¸ Š¸¡¸¸ í¾—
During the year ended 31.03.2021 the Bank opened 86 new
31.03.2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ 86 ›¸ƒÄ ©¸¸‰¸¸‡Â ‰¸¸½¥¸ú ‚¸¾£ 69 branches and set its footprint in 69 additional districts. Bank
‚¢÷¸¢£Æ÷¸ ¢]¸¥¸¸Ê Ÿ¸Ê ‚œ¸›¸ú „œ¸¦¬˜¸¢÷¸ ™]¸Ä ˆÅú— ¤¸ÿˆÅ ›¸½ ŠÏ¸íˆÅ ¬¸½¨¸¸ ¢¤¸¿™º (¬¸ú‡¬¸œ¸ú) also opened 46 fixed point outlets served by Bank Mitras,
ˆ½Å ›¸¸Ÿ¸ ¬¸½ ¤¸ÿˆÅ ¢Ÿ¸°¸ ׸£¸ ¬¸½¨¸¸ œÏ™¸›¸ ¢ˆÅ‡ Š¸‡ 46 ¢ûÅƬ” œ¸¸Áƒ¿’ ‚¸„’¥¸½’ ž¸ú named as Customer Service Points (CSP). In the same period
3 branches were converted into CSPs and one branch was
‰¸¸½¥¸½— ƒ¬¸ú ‚¨¸¢š¸ Ÿ¸Ê 3 ©¸¸‰¸¸‚¸Ê ˆÅ¸½ ¬¸ú‡¬¸œ¸ú Ÿ¸Ê œ¸¢£¨¸¢÷¸Ä÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ ‡ˆÅ
merged with another branch. During the branch conversion and
©¸¸‰¸¸ ˆÅ¸½ ™»¬¸£ú ©¸¸‰¸¸ Ÿ¸Ê ¢Ÿ¸¥¸¸ ¢™¡¸¸ Š¸¡¸¸— ©¸¸‰¸¸ œ¸¢£¨¸÷¸Ä›¸ ‚¸¾£ ¢¨¸¥¸¡¸ ˆ½Å ™¸¾£¸›¸ merger utmost care was taken to ensure that customers not put
¡¸í ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ‚÷¡¸¿÷¸ ¬¸¸¨¸š¸¸›¸ú ¤¸£÷¸ú Š¸ƒÄ ¢ˆÅ ŠÏ¸íˆÅ¸Ê ˆÅ¸½ ¤¸ÿ¢ˆ¿ÅŠ¸ into any inconvenience in availing banking services.
¬¸½¨¸¸‚¸Ê ˆÅ¸ ¥¸¸ž¸ „“¸›¸½ Ÿ¸Ê ˆÅ¸½ƒÄ ‚¬¸º¢¨¸š¸¸ ›¸ í¸½— The branch network includes specialized branches in the
¤¸ÿˆÅ ©¸¸‰¸¸ ›¸½’¨¸ˆÄÅ Ÿ¸Ê ¢¨¸™½©¸ú Ÿ¸ºÍ¸, ¬¸£ˆÅ¸£ú ˆÅ¸£¸½¤¸¸£, ‰¸]¸¸›¸¸ ‡¨¸¿ ‚¿÷¸££¸«’ïú¡¸ area of Foreign Exchange, Government Business, Treasury
¤¸ÿ¢ˆ¿ÅŠ¸, ‚¸¾Ô¸¸½¢Š¸ˆÅ ¢¨¸î¸, ¬¸»®Ÿ¸, ¥¸‹¸º ¨¸ Ÿ¸¸š¡¸Ÿ¸ „Ô¸¸½Š¸ ÷¸˜¸¸ „\\¸ ÷¸ˆÅ›¸úˆÅ ˆ¼Å¢«¸ and International Banking, Industrial Finance, Micro Small
and Medium Enterprises, Hi-tech agriculture etc. Area wise
ƒ÷¡¸¸¢™ ¢¨¸©¸½«¸úˆ¼Å÷¸ ©¸¸‰¸¸‡¿ ©¸¸¢Ÿ¸¥¸ íÿ. ¢™›¸¸¿ˆÅ 31.03.2021 ˆÅ¸½ ©¸¸‰¸¸‚¸Ê ˆÅ¸ classification of branches as on 31.03.2021 is as under:
®¸½°¸¨¸¸£ ¨¸Š¸úĈţµ¸ ›¸ú\¸½ ¬¸¸£µ¸ú Ÿ¸Ê ¢™¡¸¸ Š¸¡¸¸ í¾À
Sr. As on As on
Classification
No. 31.03.2021 31.03.2020
31.03.2021 31.03.2020
ÇÅ. ¨¸Š¸úĈţµ¸
ˆÅ¸½ ˆÅ¸½ 1 Rural 611 616
1 ŠÏ¸Ÿ¸úµ¸ 611 616 2 Semi-Urban 461 428
2 ‚š¸Ä-©¸í£ú 461 428
3 Urban 372 331
3 ©¸í£ú 372 331
4 Ÿ¸í¸›¸Š¸£ú¡¸ 471 458 4 Metro 471 458

ˆºÅ¥¸ 1915 1833 Total 1915 1833

‡’ú‡Ÿ¸ / ¬¸ú‚¸£‡Ÿ¸ ›¸½’¨¸ˆÄÅ ATM / CRM Network

31.03.2020 ˆÅ¸½ 1851 ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê 31.03.2021 ˆÅ¸½ ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ 1950 The Bank had 1950 automated teller machines (ATMs) and
¬¨¸\¸¸¢¥¸÷¸ ’½¥¸£ Ÿ¸©¸ú›¸ (‡’ú‡Ÿ¸) ‚¸¾£ ˆ¾Å©¸ ¢£¬¸¸ƒˆÅ¥¸£ Ÿ¸©¸ú›¸ (¬¸ú‚¸£‡Ÿ¸) cash recycler machines (CRM) as on 31.03.2021 as compared
˜¸½— 31.03.2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ 499 ¬¸ú‚¸£‡Ÿ¸ ¬˜¸¸¢œ¸÷¸ ¢ˆÅ‡— to 1851 as on 31.03.2020. During the year ended 31.03.2021
the Bank installed 499 CRMs.
31.03.2021 31.03.2020 31.03.2021 31.03.2020
‚¸ÁûŬ¸¸ƒÄ’ 445 545 Offsite 445 545
‚¸Á›¸¬¸¸ƒÄ’ 1505 1381 Onsite 1505 1381
ˆºÅ¥¸ 1950 1926 Total 1950 1926

15
 Annual Report 2020-21

3.2 Ÿ¸¸›¸¨¸ ¬¸¿¬¸¸š¸›¸ œÏ¤¸¿š¸›¸ 3.2 Human Resources Management

¤¸ÿˆÅ ›¸½ ¨¡¸¸œ¸ˆÅ Ÿ¸›¸º«¡¸ ¤¸¥¸ ›¸ú¢÷¸ ¥¸¸Š¸» ˆÅú í¾ ¢]¸¬¸Ÿ¸Ê „œ¸¡¸ºÆ÷¸ ‚¸¾£ ‚¸¨¸©¡¸ˆÅ÷¸¸
‚¸š¸¸¢£÷¸ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½ ¢›¸¡¸ºÆ÷¸/÷¸¾¡¸¸£ ˆÅ£›¸½, œÏ¢©¸®¸µ¸, ˆÅ¸¡¸Ä¬¸¿¨¸š¸Ä›¸, ¤¸½í÷¸£
ˆÅ¸¡¸Ä¢›¸«œ¸¸™›¸ ˆÅú œ¸í\¸¸›¸ ¨¸ œ¸º£¬ˆÅ¸£, ˆ¾Å¢£¡¸£ ¢›¸Ÿ¸¸Äµ¸, ˆÅ¥¡¸¸µ¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½
ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½ ¬¸¿¬˜¸¸ Ÿ¸Ê ¤¸›¸¸‡ £‰¸›¸½ ÷¸˜¸¸ „›¸ˆ½Å ¢¨¸ˆÅ¸¬¸ í½÷¸º ¡¸¸½]¸›¸¸ ™ú Š¸ƒÄ í¾.
ž¸÷¸úÄ À ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅú ž¸÷¸úÄ ˆÅú À
¨¸½÷¸›¸Ÿ¸¸›¸ I Ÿ¸Ê 152 ‚¢š¸ˆÅ¸£ú, ¨¸½÷¸›¸Ÿ¸¸›¸ II Ÿ¸Ê 138 ‚¢š¸ˆÅ¸£ú (¢]¸¬¸Ÿ¸Ê 23 ¢¨¸¢š¸
‚¢š¸ˆÅ¸£ú, 31 ‚¸ƒÄ’ú ‚¢š¸ˆÅ¸£ú, 01 ¬¸º£®¸¸ ‚¸¾£ 83 ¬¸¸Ÿ¸¸›¡¸ ‚¢š¸ˆÅ¸£ú ©¸¸¢Ÿ¸¥¸
íÿ), ¨¸½÷¸›¸Ÿ¸¸›¸ III ¬¸¿¨¸Š¸Ä Ÿ¸Ê 29 ¬¸¸Ÿ¸¸›¡¸ ‚¢š¸ˆÅ¸£ú ‚¸¾£ 220 Æ¥¸ˆÄÅ ©¸¸¢Ÿ¸¥¸ íÿ—
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸, 926 ˆÅŸ¸Ä\¸¸£ú ¬¸½¨¸¸¢›¸¨¸¼¢î¸, ¨¸ú‚¸£‡¬¸, ƒ¬÷¸úûŸ, ¤¸‰¸¸Ä¬÷¸Š¸ú ‚¸¾£
Ÿ¸¼÷¡¸º ˆ½Å ˆÅ¸£µ¸ ¬¸½¨¸¸ ¬¸½ ¤¸¸í£ í¸½ Š¸‡—
The Bank has put in place comprehensive HRM Policies
that provides the road map for acquiring appropriate & need
based human resources, its development through training, job
enrichment, reward and recognition for better performance,
career progression, welfare and retention.
Recruitment: During the year 2020-21 the Bank has recruited
employees as under:
152 Officers in Scale I, 138 Officers in Scale II (which includes
23 Law Officers, 31 IT Officers, 01 Security & 83 Generalist
Officers), 29 Generalist Officers in Scale III cadre and 220
Clerks.

¨¸«¸Ä ˆ½Å ™¸¾£¸›¸, 926 ˆÅŸ¸Ä\¸¸£ú ¬¸½¨¸¸¢›¸¨¸¼¢î¸, ¨¸ú‚¸£‡¬¸, ƒ¬÷¸úûŸ, ¤¸‰¸¸Ä¬÷¸Š¸ú ‚¸¾£ During the year, 926 employees exited from service on account
Ÿ¸¼÷¡¸º ˆ½Å ˆÅ¸£µ¸ ¬¸½¨¸¸ ¬¸½ ¤¸¸í£ í¸½ Š¸‡— of retirement, VRS, resignation, termination and death.

2020-21 ˆ½Å ™¸¾£¸›¸ ‚¢š¸ˆÅ¸¢£¡¸¸Ê ˆÅú ‚¿÷¸£-¬÷¸£ú¡¸ œ¸™¸½››¸¢÷¸ ˆÅú Š¸ƒÄ— Inter scale promotions of officers were carried out during 2020-
¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ‚¢š¸ˆÅ¸¢£¡¸¸Ê ˆÅ¸½ œ¸™¸½››¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— 21. Following number of Officers were promoted.

Ÿ¸œÏ¨¸½ª½- II Ÿ¸œÏ¨¸½ª½- III ¨¸œÏ¨¸½ª½- VI MMGS- MMGS- SMGS- SMGS-V SMGS-

ˆÅœÏ¨¸½ª½-I ¬¸½ ¨¸œÏ¨¸½ª½-IV ¨¸œÏ¨¸½ª½-V ¬¸½ JMGS-I to
¬¸½ Ÿ¸œÏ¨¸½ª½- ¬¸½ ¨¸œÏ¨¸½ª½- ¬¸½ „ˆÅ¸¨¸½ª½- II to III to IV to to VI to
MMGS-II
Ÿ¸œÏ¨¸½ª½- II ¬¸½ ¨¸œÏ¨¸½ª½-V ¨¸œÏ¨¸½ª½- VI MMGS III SMGS-IV SMGS-V SMGS-VI TEGS-VII
III IV VII
55 259 87 20 12 4 55 259 87 20 12 4

¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ 57 ¢¥¸¢œ¸ˆÅ¸Ê ˆÅ¸½ ¬ˆ½Å¥¸ I Ÿ¸Ê ‚¢š¸ˆÅ¸£ú ¬¸¿¨¸Š¸Ä Ÿ¸Ê œ¸™¸½››¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ During the year 57 Clerks were promoted to Officer cadre in
Scale I and 221 Part time Sub-staffs were promoted to Sub-
‚¸¾£ 221 ‚¿©¸ˆÅ¸¢¥¸ˆÅ „œ¸-ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½ „œ¸-ˆÅŸ¸Ä\¸¸£ú ¬¸¿¨¸Š¸Ä Ÿ¸Ê œ¸™¸½››¸÷¸ ¢ˆÅ¡¸¸
staff cadre. The cadre wise staff position as of 31.03.2021 with
Š¸¡¸¸— ¢¥¸¿Š¸¸›¸ºœ¸¸÷¸ œÏ¢÷¸©¸÷¸ ˆ½Å ¬¸¸˜¸ 31.03.2021 ÷¸ˆÅ ¬¸¿¨¸Š¸Ä ¨¸¸£ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅú gender ratio percentage is as under:
¦¬˜¸¢÷¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À
ª½µ¸ú œ¸º²Å«¸ % Ÿ¸¢í¥¸¸ % ˆºÅ¥¸ Category Male % Female % Total
‚¢š¸ˆÅ¸£ú 4784 71.93 1867 28.07 6651 Officers 4784 71.93 1867 28.07 6651
¢¥¸¢œ¸ˆÅ 2700 66.13 1383 33.87 4083 Clerks 2700 66.13 1383 33.87 4083
‚š¸ú›¸¬˜¸ ˆÅŸ¸Ä\¸¸£ú 1463 88.51 190 11.49 1653 Sub-staff 1463 88.51 190 11.49 1653
‚¿©¸ˆÅ¸¢¥¸ˆÅ Part Time 680 91.77 61 8.23 741
Sub-staffs
‚š¸ú›¸¬˜¸ ˆÅŸ¸Ä\¸¸£ú 680 91.77 61 8.23 741
Total 9627 73.33 3501 26.67 13128
ˆºÅ¥¸ 9627 73.33 3501 26.67 13128
¤¸ÿˆÅ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅú ‚¸£®¸µ¸ ›¸ú¢÷¸ ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ˆÅ£÷¸¸ í¾. ‚¸£®¸µ¸ ›¸ú¢÷¸¡¸¸Ê ˆ½Å The Bank has been complying with the reservation policy of
Govt. of India. Special Cells at Head Office and all Zonal Offices
ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ œ¸£ ¢›¸Š¸£¸›¸ú £‰¸›¸½ í½÷¸º ÷¸˜¸¸ ‚›¸º¬¸»¢\¸÷¸ ]¸¸¢÷¸/‚›¸º¬¸»¢\¸÷¸ ]¸›¸]¸¸¢÷¸/‚›¡¸ are functioning to monitor the implementation of the reservation
¢œ¸Ž”õ½ ¨¸Š¸Ä ¬¸¸¨¸Ä]¸¢›¸ˆÅ ³Åœ¸ ¬¸½ ‚®¸Ÿ¸ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ ž¸»÷¸œ¸»¨¸Ä ¬¸¾¢›¸ˆÅ¸Ê ˆÅú policies and to redress grievances of SC/ST/OBC & physically
¢©¸ˆÅ¸¡¸÷¸¸Ê ˆ½Å ¢›¸¨¸¸£µ¸ í½÷¸º œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ ‡¨¸¿ ¬¸ž¸ú ‚¿\¸¥¸ ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê Ÿ¸Ê ¢¨¸©¸½«¸ ˆÅ®¸ challenged employees as well as ex-servicemen. The Bank has
ˆÅ¸¡¸Ä£÷¸ íÿ. ¤¸ÿˆÅ ›¸½ œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ ¬÷¸£ œ¸£ Ÿ¸º‰¡¸ ¬¸¿œ¸ˆÄÅ ‚¢š¸ˆÅ¸£ú ˆÅ¸½ ›¸¸¢Ÿ¸÷¸ ¢ˆÅ¡¸¸ í¾ designated Chief Liaison Officers at Head Office and has set up
÷¸˜¸¸ ‚¿\¸¥¸ ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê Ÿ¸Ê ‚›¸º¬¸»¢\¸÷¸ ]¸¸¢÷¸/ ‚›¸º¬¸»¢\¸÷¸ ]¸›¸]¸¸¢÷¸ ˆÅ®¸ ˆÅú ¬˜¸¸œ¸›¸¸ ˆÅú í¾. SC/ST Cells at all its Zonal Offices.
Compassionate Appointments - A Scheme for ‘Compassionate
‚›¸ºˆ¿Åœ¸¸ ¢›¸¡¸º¢Æ÷¸ - ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆ½Å ¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ÷¸¾¡¸¸£ ¢ˆÅ‡ Š¸‡ Appointments’/ Payment of Ex-gratia lump-sum amount“
‚®¸Ÿ¸÷¸¸ ˆ½Å ˆÅ¸£µ¸ ™¸½í›¸ ¡¸¸ ¢›¸¨¸¼î¸ í¸½›¸½ ¨¸¸¥¸½ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆ½Å „¸¢š¸ˆÅ¸¢£¡¸¸Ê to /of heirs of employees dying in harness or retiring due to
ˆ½Å `‚›¸ºˆ¿Åœ¸¸ ¢›¸¡¸º¢Æ÷¸¡¸¸Ê'/ ‡Æ¬¸ ŠÏ½¢©¸¡¸¸ ‡ˆÅŸ¸º©÷¸ £ˆÅŸ¸ ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ ˆÅ£›¸½ ˆÅú incapacitation framed as per the directives of Government
¡¸¸½]¸›¸¸ ˆÅ¸½ ˆÅ¸¡¸¸Ä¦›¨¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸. ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ ‚›¸ºˆ¿Åœ¸¸ ¢›¸¡¸º¢Æ÷¸¡¸¸Ê ˆÅ¸ of India, has been implemented. Details of compassionate
¢¨¸¨¸£µ¸ ‚¸¾£ œ¸»¨¸Ä-‚›¸º™¸›¸ ‡ˆÅŸ¸º©÷¸ £¸¢©¸ ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À appointments for the year 2020-21 is as under:

Compassionate Appointments
‚›¸ºˆ¿Åœ¸¸ ¢›¸¡¸º¢Æ÷¸¡¸¸¿
Cadre No. of employees
¬¸¿¨¸Š¸Ä ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅú ¬¸¿‰¡¸¸
¢¥¸¢œ¸ˆÅ 13 Clerk 13

‚š¸ú›¸¬˜¸ ˆÅŸ¸Ä\¸¸£ú 10 Sub-staff 10

ˆºÅ¥¸ 23 Total 23

ž¸¸£÷¸ú¡¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ‡¨¸¿ ¢¨¸î¸ ¬¸¿¬˜¸¸›¸ ˆ½Å œ¸¸“á¸ÇÅŸ¸¸Ê ‡¨¸¿ œÏ¢÷¸¦«“÷¸ ¬¸¿¬˜¸¸›¸¸Ê ¬¸½ The reimbursement of examination fees & payment of cash
‡Ÿ¸¤¸ú‡, ‡ûÅ‚¸£‡Ÿ¸, ¤¸”Ä, œ¸ú‚¸£‡Ÿ¸, ¬¸ú‡ûŇ ˆ½Å œ¸¸“á¸ÇÅŸ¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê œ¸£ú®¸¸ incentive / Honorarium in respect of courses from Indian Institute
of Banking & Finance, MBA from reputed Institutions, FRM,
©¸º¥ˆÅ ˆÅú œÏ¢÷¸œ¸»¢÷¸Ä ÷¸˜¸¸ ›¸ˆÅ™ œÏ¸½÷¬¸¸í›¸/Ÿ¸¸›¸š¸›¸ ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ ˜¸¸, BIRD, PRM, CFA etc. has been widened by adding courses in
¢]¸¬¸Ÿ¸Ê œ¸¸“á¸ÇÅŸ¸¸Ê ˆÅú ¬¸»\¸ú Ÿ¸Ê ‚¢÷¸¢£Æ÷¸ œ¸¸“á¸ÇÅŸ¸¸Ê ˆÅ¸½ ©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ the list of courses for reimbursement of fees thereby making

16
Jeeef<e&keÀ efjHeesì& 2020-21
¢]¸›¸ˆ½Å œ¸£ú®¸¸ ©¸º¥ˆÅ ˆÅú œÏ¢÷¸œ¸»¢÷¸Ä ˆÅú ]¸¸‡Š¸ú. ¢]¸¬¸ˆ½Å ¬¸¸˜¸ ‚¤¸ œ¸£ú®¸¸ ©¸º¥ˆÅ ˆÅú total 38 courses eligible for reimbursement of examination fees.
A policy for granting special leave and 100% reimbursement of
œÏ¢÷¸œ¸»¢÷¸Ä í½÷¸º ˆºÅ¥¸ 38 œ¸¸“á¸ÇÅŸ¸ œ¸¸°¸ í¸½ Š¸‡ íÿ. ¢ˆÅ¬¸ú ¬˜¸¸›¸ œ¸£ ”ḻ’ú ˆ½Å ™¸¾£¸›¸
hospitalization expenses to officers when he/ she meets with
‚¢š¸ˆÅ¸£ú ˆÅú ™º‹¸Ä’›¸¸/ ]¸‰Ÿ¸ú í¸½›¸½ œ¸£ ‚¬œ¸÷¸¸¥¸úˆÅ£µ¸ ¨¡¸¡¸¸Ê ˆÅú 100% œÏ¢÷¸œ¸»¢÷¸Ä an accident/ injury while on duty is in place.
¢ˆÅ‡ ]¸¸›¸½ ˆ½Å ¬¸¸˜¸ íú „¬¸½ ¢¨¸©¸½«¸ Žº’Ã’ú œÏ™¸›¸ ˆÅ£›¸½ ˆÅú ›¸ú¢÷¸ ¥¸¸Š¸» ˆÅú Š¸ƒÄ í¾.
Learning & Development:
œÏ¢©¸®¸µ¸ ‚¸¾£ ¢¨¸ˆÅ¸¬¸ À The Bank has a training system which facilitates attention to
¨¸÷¸ÄŸ¸¸›¸ ‡¨¸¿ „ž¸£÷¸½ íº‡ ¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ ‚¨¸¬¸£¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¢¨¸¢ž¸››¸ ¬÷¸£¸Ê œ¸£ regular periodic assessment of skill gaps at various levels in
ˆÅ¸¾©¸¥¸ ˆ½Å ‚ž¸¸¨¸ ˆ½Å ¢›¸¡¸¢Ÿ¸÷¸ ‚¸¨¸¢š¸ˆÅ ¢›¸š¸¸Ä£µ¸ ˆÅú ‚¸½£ š¡¸¸›¸ ¢™¥¸¸›¸½ í½÷¸º ¤¸ÿˆÅ relation to existing and emerging business opportunities. Skill
ˆ½Å œ¸¸¬¸ ‡ˆÅ œÏ¢©¸®¸µ¸ œÏµ¸¸¥¸ú „œ¸¥¸¤š¸ í¾— ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ †µ¸ Ÿ¸Ê ˆÅ¸¾©¸¥¸ ¢›¸Ÿ¸¸Äµ¸, building in credit, Forex, business development, customer
relationship management, marketing of products and services,
¢¨¸™½©¸ ¢¨¸¢›¸Ÿ¸¡¸, ŠÏ¸íˆÅ ¬¸¿¤¸¿š¸ œÏ¤¸¿š¸›¸, ¢¨¸¢ž¸››¸ „÷œ¸¸™¸Ê ‡¨¸¿ ¬¸½¨¸¸‚¸Ê ˆÅ¸ ¢¨¸œ¸µ¸›¸, credit monitoring and recovery, risk management, technology
†µ¸ ¢›¸Š¸£¸›¸ú ‡¨¸¿ ¨¸¬¸»¥¸ú, ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸, ÷¸ˆÅ›¸úˆÅ ‚¸š¸¸¢£÷¸ ¤¸ÿ¢ˆ¿ÅŠ¸, ©¸¸‰¸¸ based banking, branch management, complying with statutory,
œÏ¤¸¿š¸›¸, ¬¸¸¿¢¨¸¢š¸ˆÅ, ˆÅ¸›¸»›¸ú ‡¨¸¿ ›¸ú¢÷¸Š¸÷¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ÷¸˜¸¸ legal and policy requirements and preventive vigilance received
œÏ¢÷¸£¸½š¸ˆÅ ¬¸÷¸ˆÄÅ÷¸¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¢¨¸©¸½«¸ š¡¸¸›¸ ¢™¡¸¸ Š¸¡¸¸. ˆÅ¸½¢¨¸”-19 Ÿ¸í¸Ÿ¸¸£ú ˆ½Å special attention during the year. To meet the requirements of
ˆÅ¸£µ¸ ¥¸Š¸¸‡ Š¸‡ ¥¸¸ÁˆÅ”¸„›¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅ¸½ œ¸»£¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¥¸¢›¸ôŠ¸ the lockdown imposed due to Covid-19 pandemic, Learning
and Development (L&D) strategy has been customized for
‡¿” ”½¨¸¥¸œ¸Ÿ¸Ê’ (‡¥¸‡¿””ú) £µ¸›¸ú¢÷¸ ˆÅ¸½ ¨¸\¸ºÄ‚¥¸/‚¸Á›¸¥¸¸ƒ›¸ œÏ¢©¸®¸µ¸ ˆÅ¸¡¸ÄÇÅŸ¸¸Ê enriching employees through virtual/ online training programs,
ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½ ¬¸Ÿ¸¼Ö ¤¸›¸¸›¸½ ˆ½Å ¢¥¸‡ ‚›¸ºˆ»Å¢¥¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, enabling them to avail these services from anywhere.
¢]¸¬¸¬¸½ ¨¸½ ˆÅíú¿ ¬¸½ ž¸ú ƒ›¸ ¬¸½¨¸¸‚¸Ê ˆÅ¸ ¥¸¸ž¸ „“¸ ¬¸ˆÊÅ—
Training programs were also held on thrust areas like financing
‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ˆ½Å ¢¨¸î¸œ¸¸½«¸µ¸, ‰¸º™£¸ †µ¸, ˆ¼Å¢«¸ ¢¨¸î¸, ‡›¸‚¸£‚¸ƒÄ ŠÏ¸íˆÅ ¬¸½¨¸¸, MSMEs, retail lending, agriculture finance, NRI customer
¬¸¸ÁÉ’ ¦¬ˆÅ¥¬¸ ‚¸¾£ ŠÏ¸Ÿ¸úµ¸ ¢¨¸ˆÅ¸¬¸ ]¸¾¬¸½ Ÿ¸í÷¨¸œ¸»µ¸Ä ®¸½°¸¸Ê œ¸£ ž¸ú œÏ¢©¸®¸µ¸ ˆÅ¸¡¸ÄÇÅŸ¸ service, soft skills and rural development.
‚¸¡¸¸½¢]¸÷¸ ¢ˆÅ‡ Š¸‡— Cadre-wise Break up of Employees trained during the
01.04.2020 ¬¸½ 31.03.2021 ˆÅú ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ œÏ¢©¸¢®¸÷¸ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê period 01.04.2020 to 31.03.2021 are as under-
ˆÅ¸ ¬¸¿¨¸Š¸Ä-¨¸¸£ ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾- No. of
Programmes Employees
Cadre Cadre
ˆÅ¸¡¸ÄÇÅŸ¸¸Ê ˆÅú œÏ¢©¸®¸µ¸ ˆ½Å œÏ¢©¸¢®¸÷¸ Training Trained
¬¸¿¨¸Š¸Ä Days
¬¸¿‰¡¸¸ ˆºÅ¥¸ ¢™›¸ ˆÅŸ¸Ä\¸¸£ú
‚¢š¸ˆÅ¸£ú 139 474 4339 Officers 139 474 4339
Clerks 118 268 2359
¢¥¸¢œ¸ˆÅ 118 268 2359
Clerks 118 268 2359
‚š¸ú›¸¬˜¸ ˆÅŸ¸Ä\¸¸£ú 118 268 2359 Total 285 794 7135
ˆºÅ¥¸ 285 794 7135
Initiatives/ Precautions taken by Bank to Protect Employees
ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½ ˆÅ¸½¢¨¸”-19 ¬¸½ ¤¸\¸¸›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ׸£¸ ˆÅú Š¸ƒÄ œ¸í¥¸Ê / from Covid-19
¬¸¸¨¸š¸¸¢›¸¡¸¸¿À
In the backdrop of Covid-19 outbreak several precautionary
ˆÅ¸½¢¨¸” -19 ˆ½Å œÏˆÅ¸½œ¸ ˆÅú œ¸¼«“ž¸»¢Ÿ¸ Ÿ¸Ê ퟸ¸£½ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆ½Å ¢í÷¸ Ÿ¸Ê ‚¸¾£ ¨¡¸¨¸¬¸¸¡¸ measures in the interest of our employees and business
ˆÅú ¢›¸£¿÷¸£÷¸¸ Ÿ¸Ê ˆÅƒÄ ¬¸¸¨¸š¸¸›¸ú „œ¸¸¡¸ ¢ˆÅ‡ Š¸‡ íÿ— continuity have been taken.

i. ˆÅ¸½£¸½›¸¸ ¨¸¸¡¸£¬¸ ˆ½Å ¬¸¿\¸£µ¸ ˆÅ¸½ ˆÅŸ¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¢›¸¨¸¸£ˆÅ „œ¸¸¡¸¸Ê ˆ½Å
¤¸¸£½ Ÿ¸Ê ¢¨¸¢ž¸››¸ ¢™©¸¸¢›¸™½Ä©¸ ]¸¸£ú ˆÅ£ˆ½Å ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê/ ŠÏ¸íˆÅ¸Ê ˆ½Å ¤¸ú\¸
]¸¸Š¸³ÅˆÅ÷¸¸ „÷œ¸››¸ ˆÅú Š¸ƒÄ í¾—
ii. ˆÅ¸¡¸Ä¬˜¸¥¸ œ¸£ ¬¸¸Ÿ¸¸¢]¸ˆÅ ™»£ú ¤¸›¸¸‡ £‰¸›¸½ ‚¸¾£ ˆÅ¸½£¸½›¸¸ ¨¸¸¡¸£¬¸ ˆ½Å ¬¸¿œ¸ˆÄÅ
Ÿ¸Ê ‚¸›¸½ ˆÅú ¬¸¿ž¸¸¨¸›¸¸ ˆÅ¸½ ˆÅŸ¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¥¸Š¸ž¸Š¸ 50% ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½
ˆÅ¸¡¸¸Ä¥¸¡¸ Ÿ¸Ê „œ¸¦¬˜¸÷¸ í¸½›¸½ ˆÅú ‚›¸ºŸ¸¢÷¸ ™ú Š¸ƒÄ, ]¸¤¸¢ˆÅ ©¸½«¸ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê
ˆÅ¸½ ‹¸£ ¬¸½ ˆÅ¸Ÿ¸ (WFH) ˆÅ£›¸½ ˆÅú ‚›¸ºŸ¸¢÷¸ ™ú Š¸ƒÄ —
iii. ¢™¨¡¸¸¿Š¸ (œ¸ú”¤¥¡¸»”ú) ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½ ˆÅ¸¡¸¸Ä¥¸¡¸ Ÿ¸Ê ‚¸›¸½ ¬¸½ Ž»’ ™ú Š¸ƒÄ ˜¸ú
‚¸¾£ „›íÊ ‹¸£ ¬¸½ ˆÅ¸Ÿ¸ ˆÅ£›¸½ ˆÅú ‚›¸ºŸ¸¢÷¸ ™ú Š¸ƒÄ ˜¸ú— ƒ¬¸ú ÷¸£í, Š¸ž¸Ä¨¸÷¸ú
Ÿ¸¢í¥¸¸‚¸Ê ˆÅ¸½ ¤¸¾ˆÅ ‡¿” Ÿ¸Ê ˆÅ¸Ÿ¸ ˆÅ£›¸½ ˆÅú ‚›¸ºŸ¸¢÷¸ ™ú Š¸ƒÄ ÷¸¸¢ˆÅ ¨¸½ ˆÅŸ¸ ¬¸½
ˆÅŸ¸ ‡Æ¬¸œ¸¸½]¸ í¸Ê—
iv. ”ḻ’ú ˆ½Å ™¸¾£¸›¸ ˆÅ¸½¢¨¸”-19 ˆ½Å ˆÅ¸£µ¸ ]¸¸›¸ Š¸¿¨¸¸›¸½ ¨¸¸¥¸½ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½
`  20.00 ¥¸¸‰¸ ˆÅú ‚¸œ¸™¸ £¸í÷¸ œÏ™¸›¸ ˆÅú Š¸ƒÄ—
i. Awareness has been created among employees/
customers by issuing various guidelines about
preventive interventions for reducing transmission of the
Corona virus.
ii. In order to maintain social distancing at work place and
reduce chances of contacting Corona virus about 50%
of Employees were allowed to attend office while the
remaining employees were allowed to work from home
(WFH).
iii. Differently abled person employees were exempted
from attending office and were allowed to work from
home. Similarly, pregnant ladies were allowed to work in
the backend so that they are least exposed.
iv. Distress relief of ` 20.00 Lakh to employees on account
of loss of life due to COVID-19 while discharging duties
was provided.

v. ¬¸ž¸ú ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ¬¸½ ‚œ¸›¸½ ‚¸¢ª÷¸¸Ê ˆ½Å ¬¸¸˜¸ ˆÅ¸½¢¨¸” ¨¸¾Æ¬¸ú›¸ ¥¸½›¸½ ‚¸¾£ v. Appealed to all employees to take COVID vaccine along
with their dependents and reimbursement of Vaccination
’úˆÅ¸ˆÅ£µ¸ ‰¸\¸Ä ˆÅú œÏ¢÷¸œ¸»¢÷¸Ä ˆÅú ‚œ¸ú¥¸ ˆÅú Š¸ƒÄ— expenses
vi. Ÿ¸¸¾]¸»™¸ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½ ˆÅ¸½¢¨¸”-19 ˆ½Å ƒ¥¸¸]¸ ˆ½Å ¢¥¸‡ ‚¬œ¸÷¸¸¥¸ Ÿ¸Ê ž¸÷¸úÄ vi. Reimbursement of hospitalization expenses for existing
í¸½›¸½ ˆ½Å ‰¸\¸Ä ˆÅú œÏ¢÷¸œ¸»¢÷¸Ä— employees for the treatment of COVID-19.

17

3.3 œÏ¸¾Ô¸¸½¢Š¸ˆÅú œ¸í¥¸Ê
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2013 œÏŸ¸¸µ¸›¸ œÏ¸œ÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸, ¢]¸¬¸Ÿ¸Ê œÏ.ˆÅ¸.-‚¸ƒÄ’ú, ”ú¬¸ú, ”ú‚¸£
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31.03.2021 ˆÅ¸½ 38152 ¨¡¸¸œ¸¸£ú ‚¸Á›¸-¤¸¸½”Ä íÿ.
• ¤¸ÿˆÅ ›¸½ ¬¸¸¨¸Ä]¸¢›¸ˆÅ ¢¨¸î¸ú¡¸ œÏ¤¸¿š¸›¸ œÏµ¸¸¥¸ú (PFMS) ¥¸¸Š¸» ˆÅú í¾,
¬¸£ˆÅ¸£ú ‡]¸Ê¢¬¸¡¸¸¿ ¬¸úš¸½ œÏ¸œ÷¸ˆÅ÷¸¸Ä ¤¸ÿˆÅ ‰¸¸÷¸½ Ÿ¸Ê ž¸ºŠ¸÷¸¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡
18
Annual Report 2020-21
3.3 Technology Initiatives
The Bank had taken up & successfully initiated/ upscaled
various IT projects during 2020-21 which are enumerated as
under:
• MeitY - Digital Score Card: As against the Ministry of
Electronics & Information Technology (MeitY) target of 42.12
crore digital transactions the Bank achieved 41.99 crore
digital transactions during the year ended 31.03.2021. With
respect to merchant onboarding Bank on boarded 76,566
merchants against the target of 1,03,201 in FY 2020-21.
The MeitY monitors progress of digital payment transaction,
merchant acquisitions, UPI and AEPS system resilience on
monthly basis and communicates the scores to Banks. Our
bank has maintained “Good” category performance in year
ended 31.03.2021.
• The Bank has implemented 1050 Self Update Pass
Book Printing Kiosks and 4 off-site and 495 Onsite Cash
Recyclers at various locations across the Bank.
• The Bank has a tie up with BSNL for upgrading the
Bandwidth of the existing Leased Lines to 2 Mbps. As on
31.03.2021, bandwidth of 1759 leased lines is upgraded
to 2 Mbps. In order to make our systems more resilient,
bandwidth is made available from Additional Network
Service Providers. So far 1743 branches have dual
service providers.
• National Common Mobility Card (NCMC) – The Bank
partnered with NPCI for issuance of National Common
Mobility Card (NCMC) using Near Field Communication.
NCMC has features of both Online-Offline transactions
and prepaid wallet capabilities. Bank has so far issued
6,22,570 NCMC cards to customers.
• Bharat Bill Pay System (BBPS): BBPS is a one-
stop ecosystem for payment of all bills providing an
interoperable and accessible “Anytime Anywhere” bill
payment service to all customers access India with
certainty, reliability and safety of transactions. Bank
is offering corporate bill payment solution to Pune
Municipal Corporation (PMC) MSEDCL bill payments
on BBPS platform. BBPS service is also live on BC
(Business Correspondent) Channel.
• The ISO 27001: 2013 certification was achieved for our IT
division covering HO-IT, DC, DR and CBS Project Office
in August 2015. Bank is ensuring continued compliance
& successfully completed the Surveillance Audit for the
continuation of ISO 27001: 2013 Certification for the
year 2020-21 as well.
• The first PCI DSS certificate was awarded towards
compliance of Debit Card environment security to the
Bank on 12.09.2014 and is continued till date.
• In order to provide better improved access and service
quality to customers, DFS has introduced EASE
(Enhanced Access and service Excellence) agenda and
reforms. Bank have implemented additional 5 services
& 39 features in Internet Banking and 5 services and
42 features in Mobile banking. The share of financial
transactions through ‘Home and Mobile’ based channels
increased from 72% to 79%. Also bank has incorporated
Insurance and Loan module in digital channels.
• The Bank is actively promoting BHIM Aadhaar Pay
payment channel and 38152 Merchants are on-boarded
as on 31.03.2021.
• Bank has implemented Public Financial Management
System (PFMS) which is used by Government Agencies
Jeeef<e&keÀ efjHeesì& 2020-21
ƒ¬¸ˆÅ¸ „œ¸¡¸¸½Š¸ ˆÅ£÷¸ú íÿ. to make payments directly into the recipients Bank
Account.
• ¤¸ÿˆÅ ‚œ¸›¸½ ŠÏ¸íˆÅ¸Ê ˆ½Å ¢¥¸‡ ‚¥¸Š¸-‚¥¸Š¸ ¨¸½¢£‡¿’ ]¸¾¬¸½ ¨¸ú]¸¸ ƒ‡Ÿ¸¨¸ú, ³Åœ¸½
• The Bank issues Rupay and Visa debit cards in
Æ¥¸¸¢¬¸ˆÅ, ³Åœ¸½ œ¥¸¾¢’›¸Ÿ¸ ‚¸¢™ Ÿ¸Ê ³Åœ¸½ ‚¸¾£ ¨¸ú]¸¸ ”½¢¤¸’ ˆÅ¸”Ä ]¸¸£ú ˆÅ£÷¸¸ different variants such as Visa EMV, Rupay Classic,
í¾. ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£, ¬¸ž¸ú ˆÅ¸”Ä EMV Rupay Platinum etc. to its CASA Accounts. As per RBI
¢\¸œ¸ ‚¸š¸¸¢£÷¸ íÿ. ¤¸ÿˆÅ ˆÅ¸ ˆºÅ¥¸ ˆÅ¸”Ä ‚¸š¸¸£ 31.03.2020 ˆÅ¸½ 76.44 guidelines, all the cards are EMV Chip based. The total
¥¸¸‰¸ ‚¸¾£ 31.03.2021 ˆÅ¸½ 96.31 ¥¸¸‰¸ £í¸. card base of the bank increased from 76.44 lakh as on
31.03.2020 to 96.31 lakh as on 31.03.2021.
• ퟸ¸£½ ƒ¿’£›¸½’ ¤¸ÿ¢ˆ¿ÅŠ¸ œ¥¸½’ûŸÁŸ¸Ä ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ˆÅ£¸Ê ˆ½Å ‚¸Á›¸¥¸¸ƒ›¸ ž¸ºŠ¸÷¸¸›¸,
• Various facilities are being provided through our Internet
¡¸»¢’¢¥¸’ú ¢¤¸¥¸ ž¸ºŠ¸÷¸¸›¸, ‚¸Á›¸¥¸¸ƒ›¸ ©¸¸Á¢œ¸¿Š¸ / ƒÄ-ˆÅ¸ÁŸ¸¬¸Ä, £½¥¸¨¸½ ‚¸£®¸µ¸, Banking platform for facilitating online payment of taxes,
‡¥¸‚¸ƒÄ¬¸ú œÏú¢Ÿ¸¡¸Ÿ¸ ž¸ºŠ¸÷¸¸›¸, ƒÄ-‡¬¸¤¸ú’ú‚¸£ ‚¸¢™ ˆÅú ¬¸º¢¨¸š¸¸ ‚¸¾£ ¤¸ÿˆÅ utility bill payments, online shopping / e-commerce,
ˆ½Å ¬¸¸˜¸ ”úŸ¸¾’ ‰¸¸÷¸¸ ‰¸¸½¥¸›¸½ ‚¸¾£ ˆÅ£ ]¸Ÿ¸¸ ¢¨¸¨¸£µ¸ 26AS ™½‰¸›¸½ ˆ½Å railway reservation, LIC premium payment, e-SBTR etc.
¢¥¸‡ ¢¨¸¢ž¸››¸ ¬¸º¢¨¸š¸¸‡¿ œÏ™¸›¸ ˆÅú ]¸¸ £íú íÿ. and facility for viewing tax credit statement 26AS and
Demat account with the Bank.
• ¨í¸ƒ’ ¥¸½¤¸¥¸ œ¸½Ÿ¸Ê’ Š¸½’¨¸½ (WLPG)À ¤¸ÿˆÅ ›¸½ ퟸ¸£½ ¨¡¸¸œ¸¸¢£¡¸¸Ê ˆ½Å ¢¥¸‡
• White Label Payment Gateway (WLPG): Bank has
¨í¸ƒ’ ¥¸½¤¸¥¸ œ¸½Ÿ¸Ê’ Š¸½’¨¸½ ¬¸Ÿ¸¸š¸¸›¸ œ¸½©¸ ¢ˆÅ¡¸¸ í¾— ¡¸í ¬¸Ÿ¸¸š¸¸›¸ ¤¸ÿˆÅ ˆÅ¸½ introduced White label payment gateway solution for
‚œ¸›¸½ ›¸¸Ÿ¸ ˆÅ¸ „œ¸¡¸¸½Š¸ ˆÅ£ˆ½Å ž¸ºŠ¸÷¸¸›¸ œÏ¬¸¿¬ˆÅ£µ¸ ¬¸½¨¸¸‡¿ œÏ™¸›¸ ˆÅ£›¸½ ˆÅú our merchants. This solution allows Bank to provide
‚›¸ºŸ¸¢÷¸ ™½÷¸¸ í¾ payment processing services using its own name.
• ‚¸Á›¸¥¸¸ƒ›¸ ‰¸¸÷¸¸ ‰¸¸½¥¸›¸¸À ƒ¬¸ ¬¸Ÿ¸¸š¸¸›¸ ˆ½Å ¬¸¸˜¸ ŠÏ¸íˆÅ ¬¸ú¢Ÿ¸÷¸ ˆ½Å¨¸¸ƒÄ¬¸ú • Online Account Opening: With this solution customers
¤¸\¸÷¸ ¤¸ÿˆÅ ‰¸¸÷¸½ ‚œ¸›¸ú ¬¸º¢¨¸š¸¸›¸º¬¸¸£ ˆÅíú¿ ž¸ú ˆÅž¸ú ž¸ú ‰¸¸½¥¸ ¬¸ˆÅ÷¸½ íÿ— are able to open limited KYC savings bank accounts
anytime anywhere at their convenience.
• ’¾¤¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸Ÿ¸¸š¸¸›¸À ƒ¬¸ ¬¸Ÿ¸¸š¸¸›¸ ˆ½Å ¬¸¸˜¸ ŠÏ¸íˆÅ ‚œ¸›¸ú ¬¸º¢¨¸š¸¸›¸º¬¸¸£
• Tab Banking Solution: With this solution customers are
¢ˆÅ¬¸ú ž¸ú ¬¸Ÿ¸¡¸, ˆÅíú¿ ž¸ú ‚¢¬¸¬’½” Ÿ¸¸½” Ÿ¸Ê ¨¸½÷¸›¸ ¤¸\¸÷¸ ¤¸ÿˆÅ ‰¸¸÷¸¸ ‰¸¸½¥¸›¸½ able to open salary savings bank account anytime,
Ÿ¸Ê ¬¸®¸Ÿ¸ íÿ— anywhere in assisted mode at their convenience.
• ¤¸ÿˆÅ ›¸½ ‚÷¡¸¸š¸º¢›¸ˆÅ ÷¸ˆÅ›¸úˆÅú ˆ½Å ¬¸¸˜¸ ¬¸¸ƒ¤¸£ ¬¸º£®¸¸ œ¸¢£\¸¸¥¸›¸ ˆÊÅÍ • Bank has implemented Cyber Security operations Centre
(CSOC) ¥¸¸Š¸» ¢ˆÅ¡¸¸ í¾, ¢]¸¬¸Ÿ¸Ê ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ©¸¸¢Ÿ¸¥¸ í¾ - (CSOC) with state of the art technologies including,
a) Security Information and Event Management
ˆÅ. ¬¸º£®¸¸ ¬¸»\¸›¸¸ ‚¸¾£ ‹¸’›¸¸ œÏ¤¸¿š¸›¸ (SIEM) ¬¸Ÿ¸¸š¸¸›¸
(SIEM) solution
‰¸. „››¸÷¸ ퟸ¥¸¸Ê ˆÅ¸ Ÿ¸ºˆÅ¸¤¸¥¸¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ‡¿’ú-‡”¨¸¸¿¬¸ b) Anti-Advanced Persistent Threat (Anti-APT)
œ¸£¢¬¸¬¸’Ê’ ˜Ï½’ (‡¿’ú-‡œ¸ú’ú) ¬¸Ÿ¸¸š¸¸›¸. Solution for combatting advanced attacks.
Š¸. ¬¸¨¸Ä£ œ¸£ Ÿ¸í÷¨¸œ¸»µ¸Ä ûöŸƒ¥¸¸Ê í½÷¸º ‚›¸¢š¸ˆ¼Å÷¸ œ¸¢£¨¸÷¸Ä›¸¸Ê ˆÅ¸ œ¸÷¸¸ c) File Integrity Monitoring (FIM) for detecting
¥¸Š¸¸›¸½ ˆ½Å ¢¥¸‡ ûöŸƒ¥¸ ‚‰¸¿”÷¸¸ ¢›¸Š¸£¸›¸ú (FIM) unauthorized changes to critical files on Servers.

‹¸. ¢¨¸©¸½«¸¸¢š¸ˆÅ¸£ œ¸í\¸¸›¸ œÏ¤¸¿š¸›¸ „œ¸ˆÅ£µ¸ (œ¸ú‚¸ƒÄ‡Ÿ¸) ]¸¸½ ¥¸¸Á¢Š¸›¸ ˆ½Å d) Privilege Identity Management Tool (PIM) a
centralized portal-based console to access the
¢¥¸‡ ™¸½ ˆÅ¸£ˆÅ œÏŸ¸¸µ¸úˆÅ£µ¸ ¨¸¸¥¸½ ¬¸ž¸ú ¢¨¸©¸½«¸¸¢š¸ˆÅ¸£ „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä‚¸Ê privilege devices, servers and applications for all
ˆ½Å ¢¥¸‡ ¢¨¸©¸½«¸¸¢š¸ˆÅ¸£ „œ¸ˆÅ£µ¸¸Ê, ¬¸¨¸Ä£¸Ê ‚¸¾£ ‚›¸ºœÏ¡¸¸½Š¸¸Ê ÷¸ˆÅ œ¸íº\¿ ¸›¸½ privilege users with two factor authentication for
ˆ½Å ¢¥¸‡ ‡ˆÅ ˆÊÅÍúˆ¼Å÷¸ œ¸¸½’¥Ä ¸-‚¸š¸¸¢£÷¸ ¬¸Ÿ¸½ˆÅ›¸ í¾. login.
Œ. ›¸½’¨¸ˆÄÅ ¢¨¸¬¸¿Š¸¢÷¸¡¸¸Ê ˆÅú œ¸í\¸¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ›¸½’¨¸ˆÄÅ ¢¤¸í½¢¨¸¡¸£¥¸ e) Network Behavioral Anomaly Detection (NBAD)
‡›¸¸ÁŸ¸¥¸ú ¢”’½Æ©¸›¸ (NBAD) „œ¸ˆÅ£µ¸. tool for detecting network anomalies.
• QUICK pay: A mobile app has been developed for
• ¦Æ¨¸ˆÅ œ¸½ À ¬ˆ¾Å›¸ ‚¸¾£ ž¸ºŠ¸÷¸¸›¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¬¸¿¨¡¸¨¸í¸£ œÏ¸œ÷¸ ˆÅ£›¸½ ˆ½Å
merchant to do self-registration for QR code to acquire
¢¥¸‡ Æ¡¸»‚¸£ ˆÅ¸½” ˆ½Å ¢¥¸‡ ¬¨¸-œ¸¿]¸úˆÅ£µ¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¨¡¸¸œ¸¸£ú í½÷¸º ‡ˆÅ transactions through Scan & Pay. This app also provides
Ÿ¸¸½¤¸¸ƒ¥¸ ‡½œ¸ ¢¨¸ˆÅ¢¬¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ¡¸í ‡½œ¸ ¬ˆ¾Å›¸ ‚¸¾£ œ¸½ ˆÅ¸ „œ¸¡¸¸½Š¸ details of the transactions performed by customers using
ˆÅ£ˆ½Å ŠÏ¸íˆÅ¸Ê ׸£¸ ¢ˆÅ‡ Š¸‡ ¬¸¿¨¡¸¨¸í¸£ ˆÅ¸ ¢¨¸¨¸£µ¸ ž¸ú œÏ™¸›¸ ˆÅ£÷¸¸ í¾— Scan & Pay.

• ¢”¢]¸’¥¸ ™¬÷¸¸¨¸½{¸ ¢›¸«œ¸¸™›¸ (”ú”úƒÄ)À ¢”¢]¸’¥¸ ™¬÷¸¸¨¸½{¸ ¢›¸«œ¸¸™›¸ • Digital Document Execution (DDE): Bank has integrated
with National E-Governance Services Ltd (NeSL) for
(”ú”úƒÄ) œ¥¸½’ûöŸÁŸ¸Ä ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ›¸½ ›¸½©¸›¸¥¸ ƒÄ-Š¸¨¸›¸½ô¬¸
implementation of Digital Document Execution (DDE)
¬¸¢¨¸Ä¬¸½]¸ ¢¥¸¢Ÿ¸’½” (‡›¸ƒÄ‡¬¸‡¥¸) ˆ½Å ¬¸¸˜¸ ‡ˆÅúˆÅ£µ¸ ¢ˆÅ¡¸¸ í¾, ¡¸í †µ¸ Platform is a Web API based platform/service for
™¬÷¸¸¨¸½]¸¸Ê ˆ½Å ƒÄ-í¬÷¸¸®¸£ ‚¸¾£ ƒÄ-¬’¾¦Ÿœ¸¿Š¸ ˆ½Å ¢¥¸‡ ‡ˆÅ ¨¸½¤¸ ‡œ¸ú‚¸ƒÄ e-signing and e-stamping of Loan documents.
‚¸š¸¸¢£÷¸ œ¥¸½’ûŸÁŸ¸Ä/¬¸½¨¸¸ í¾—
3.4 Customer Centric Initiatives taken by the Bank
3.4 ¤¸ÿˆÅ ׸£¸ ˆÅú Š¸ƒÄ ŠÏ¸íˆÅ „›Ÿ¸º‰¸ œ¸í¥¸
i. The Bank has pursued high standards of customer
i. ¤¸ÿˆÅ ›¸½ Š¸¸½ƒÄœ¸¸½¢£¡¸¸ ¬¸¢Ÿ¸¢÷¸, ”¸Á. ‡¬¸.‡¬¸. ÷¸¸£¸œ¸¸½£ ¬¸¢Ÿ¸¢÷¸ ‡¨¸¿ ™¸Ÿ¸¸½™£›¸ service to ensure customer satisfaction throughout the
¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸ž¸ú ¤¸”õú ¢¬¸ûŸ¢£©¸¸Ê ˆÅ¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆÅ£÷¸½ íº‡ ŠÏ¸íˆÅ year by implementing all major recommendations of
¬¸½¨¸¸ ˆ½Å „\\¸ Ÿ¸¸›¸ˆÅ¸Ê ˆÅ¸½ ‚œ¸›¸¸¡¸¸ í¾ ÷¸¸¢ˆÅ ¬¸¿œ¸»µ¸Ä ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ŠÏ¸íˆÅ Goiporia Committee, Dr. S.S. Tarapore Committee and
Damodaran Committee. As a member of Banking Codes
¬¸¿÷¸¸½«¸ ¬¸º¢›¸¢ä¸÷¸ ¢ˆÅ¡¸¸ ]¸¸ ¬¸ˆ½Å. ž¸¸£÷¸ú¡¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸¿¢í÷¸¸ ‡¨¸¿ Ÿ¸¸›¸ˆÅ ¤¸¸½”Ä and Standards Board of India (BCSBI), the Bank has
(¤¸ú¬¸ú‡¬¸¤¸ú‚¸ƒÄ) ˆ½Å ¬¸™¬¡¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¤¸ÿˆÅ ›¸½ ŠÏ¸íˆÅ ‡¨¸¿ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ˆ½Å adopted Code of Bank’s Commitment to Customer and
œÏ¢÷¸ ¤¸ÿˆÅ ¬¸¿¢í÷¸¸ ˆÅú ¨¸\¸›¸¤¸Ö÷¸¸ ˆÅ¸½ ‚œ¸›¸¸¡¸¸ í¾. Bank’s Code of Commitment to MSMEs.
ii. ¤¸ÿˆÅ ›¸½ `Ÿ¸¸ƒÄ ûŸ½¥”£' ›¸¸Ÿ¸ˆÅ ‡ˆÅ ûŸ½¥”£ Ÿ¸º¢Í÷¸ ¢ˆÅ¡¸¸ í¾ ¢]¸¬¸ˆ½Å ‚¿÷¸Š¸Ä÷¸ ii. Bank has printed folder called as “My Folder” containing
ŠÏ¸íˆÅ ¬¸½¨¸¸ ˆÅú ¬¸ž¸ú ›¸ú¢÷¸¡¸¸Ê, ¬¸½¨¸¸ œÏž¸¸£¸Ê œ¸£ ]¸¸›¸ˆÅ¸£ú, ¬¸£ˆÅ¸£ ˆ½Å all customer service policies, information on service

19

¡¸¸½]¸›¸¸¤¸Ö †µ¸¸Ê œ¸£ ¢™©¸¸¢›¸™½Ä©¸,¥¸¸½ˆÅœ¸¸¥¸ ‡¨¸¿ ¤¸ú¬¸ú‡¬¸¤¸ú‚¸ƒÄ ¬¸¿¢í÷¸¸
ˆÅ¸ ¬¸Ÿ¸¸¨¸½©¸ í¾. ƒ¬¸ˆÅ¸ Ÿ¸ºÍµ¸ Ÿ¸£¸“ú, ¢í›™ú ‡¨¸¿ ‚¿ŠÏ½]¸ú ž¸¸«¸¸‚¸Ê Ÿ¸Ê ˆÅ£ˆ½Å
¬¸ž¸ú ©¸¸‰¸¸‚¸Ê ‡¨¸¿ ‚¿\¸¥¸ ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê ˆÅ¸½ ƒ¬¸ˆÅú ‚¸œ¸»¢÷¸Ä ˆÅú Š¸ƒÄ í¾ ÷¸˜¸¸
Ÿ¸¸¿Š¸ ˆÅ£›¸½ œ¸£ ¡¸½ ¬¸ž¸ú ŠÏ¸íˆÅ¸Ê ˆÅ¸½ „œ¸¥¸¤š¸ ˆÅ£¸¡¸¸ ]¸¸÷¸¸ í¾.
iii. `]¸Ÿ¸¸', `\¸½ˆÅ¸Ê ˆÅú ¨¸¬¸»¥¸ú', `¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅ¸ ¢›¸œ¸’¸›¸', `Ÿ¸º‚¸¨¸]¸¸',
`Ÿ¸¼÷¸ˆÅ ]¸Ÿ¸¸ˆÅ÷¸¸Ä‚¸Ê ˆ½Å ¢›¸œ¸’¸›¸ ¬¸¿¤¸¿š¸ú œÏ\¸¸¥¸›¸Š¸÷¸ ˆÅ¸¡¸Ä¢¨¸¢š¸' ‡¨¸¿ ŠÏ¸íˆÅ
‚¢š¸ˆÅ¸£ ›¸ú¢÷¸ œ¸£ ¢¨¸¢š¸¨¸÷¸ ™¬÷¸¸¨¸½]¸úˆ¼Å÷¸ ›¸ú¢÷¸¡¸¸Ê ˆÅ¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸
׸£¸ ‚›¸ºŸ¸¸½™›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
iv. ŠÏ¸íˆÅ ¬¸½¨¸¸ ¬¸¢Ÿ¸¢÷¸¡¸¸Ê ˆÅ¸ ¬¸ž¸ú ©¸¸‰¸¸‚¸Ê Ÿ¸Ê Š¸“›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ÷¸˜¸¸
ƒ›¸ˆÅú ¤¸¾“ˆÊÅ Ÿ¸¸¢¬¸ˆÅ ‚¸š¸¸£ œ¸£ ¢›¸¡¸¢Ÿ¸÷¸ ‚¸¡¸¸½¢]¸÷¸ ˆÅú ]¸¸÷¸ú íÿ. œÏš¸¸›¸
ˆÅ¸¡¸¸Ä¥¸¡¸ Ÿ¸Ê ŠÏ¸íˆÅ ¬¸½¨¸¸ œ¸£ ¬˜¸¸¡¸ú ¬¸¢Ÿ¸¢÷¸ ‡¨¸¿ ‚¿\¸¥¸ ˆÅ¸¡¸¸Ä¥¸¡¸ Ÿ¸Ê ‚¿\¸¥¸
¬÷¸£ú¡¸ ŠÏ¸íˆÅ ¬¸½¨¸¸ ¬¸¢Ÿ¸¢÷¸¡¸¸¿ ¢›¸¡¸¢Ÿ¸÷¸ ³Åœ¸ ¬¸½ ¤¸¾“ˆÅ ˆÅ¸ ‚¸¡¸¸½]¸›¸ ˆÅ£ˆ½Å
ŠÏ¸íˆÅ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¢¨¸¢ž¸››¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅ£÷¸ú í¾ ÷¸˜¸¸ ¥¸Š¸¸÷¸¸£
ŠÏ¸íˆÅ ¬¸½¨¸¸ Ÿ¸Ê ¬¸ºš¸¸£ í½÷¸º ‚¸¨¸©¡¸ˆÅ ˆÅ™Ÿ¸ „“¸÷¸ú í¾.
v. ŠÏ¸íˆÅ ¬¸½¨¸¸ œ¸£ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¬¸¢Ÿ¸¢÷¸ ¢÷¸Ÿ¸¸íú ‚¸š¸¸£ œ¸£ ¤¸¾“ˆÅ
‚¸¡¸¸½¢]¸÷¸ ˆÅ£ˆ½Å ŠÏ¸íˆÅ ¬¸½¨¸¸ ˆÅú Š¸ºµ¸¨¸î¸¸, ŠÏ¸íˆÅ ˆÅú ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆ½Å
¢›¸œ¸’¸›¸ œ¸£ ¢›¸Š¸£¸›¸ú £‰¸÷¸ú í¾ ‡¨¸¿ ŠÏ¸íˆÅ ¬¸¿÷¸¸½«¸ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£÷¸ú í¾.
vi. ŠÏ¸íˆÅ ¢©¸ˆÅ¸¡¸÷¸¸Ê œ¸£ ÷¸÷œ¸£÷¸¸ ¬¸½ ˆÅ¸£Ä¨¸¸ƒÄ ˆÅ£›¸½ í½÷¸º ‡ˆÅ œ¸»µ¸Ä ¬¸¿Š¸¢“÷¸
¢©¸ˆÅ¸¡¸÷¸ ÷¸¿°¸ ˆÅ¸ Š¸“›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ íÿ— ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆ½Å ¢›¸™½Ä©¸¸Ê ˆ½Å
‚›¸º¬¸¸£ ¤¸ÿˆÅ ›¸½ ¢©¸ˆÅ¸¡¸÷¸Ê ™¸¢‰¸¥¸ ˆÅ£›¸½ ‚˜¸¨¸¸ ŠÏ¸íˆÅ¸Ê ׸£¸ ¬¸½¨¸¸‚¸Ê œ¸£
¬¸º^¸¸¨¸/ œÏ¢÷¸¬¸»\¸›¸¸ œÏ™¸›¸ ˆÅ£›¸½ ÷¸˜¸¸ „›¸ˆÅú œÏ¢÷¸¬¸»\¸›¸¸‚¸Ê/ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú
œ¸¸¨¸÷¸ú œÏ™¸›¸ ˆÅ£›¸½ í½÷¸º ƒ¿’£›¸½’ ‚¸š¸¸¢£÷¸ ÷¸¿°¸, Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ]¸›¸ ¢©¸ˆÅ¸¡¸÷¸
¢›¸œ¸’¸›¸ œÏµ¸¸¥¸ú (‡¬¸œ¸ú]¸ú‚¸£‡¬¸) ˆÅ¸ ‚¸£¿ž¸ ¢ˆÅ¡¸¸ í¾.
ÇÅ. ¢¨¸¨¸£µ¸ 2020-21 2019-20
1 ¨¸«¸Ä ˆ½Å ‚¸£¿ž¸ Ÿ¸Ê ŠÏ¸íˆÅ ¢©¸ˆÅ¸¡¸÷¸Ê 296 145
2 ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œÏ¸œ÷¸ ¢©¸ˆÅ¸¡¸÷¸Ê 3760 8740
3 ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢›¸œ¸’¸ƒÄ Š¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸Ê 4037 8589
4 ¨¸«¸Ä ˆÅú ¬¸Ÿ¸¸¦œ÷¸ œ¸£ ¥¸¿¢¤¸÷¸ ¢©¸ˆÅ¸¡¸÷¸Ê 19 296
3.5 ‚œ¸›¸½ ŠÏ¸íˆÅ¸Ê ˆÅ¸½ ]¸¸¢›¸‡ (ˆ½Å¨¸¸ƒÄ¬¸ú)/ š¸›¸ ©¸¸½š¸›¸ ¢›¸¨¸¸£µ¸ œÏµ¸¸¥¸ú
¤¸ÿˆÅ ˆÅú ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ¬¸½ ‚›¸ºŸ¸¸½¢™÷¸ ˆ½Å¨¸¸ƒÄ¬¸ú-‡‡Ÿ¸‡¥¸-¬¸ú‡ûÅ’ú ›¸ú¢÷¸ íÿ. ƒ›¸
›¸ú¢÷¸¡¸¸Ê ˆ½Å ‚¸š¸¸£ œ¸£ ¤¸ÿˆÅ ˆ½Å¨¸¸ƒÄ¬¸ú Ÿ¸¸›¸™¿”, ‡‡Ÿ¸‡¥¸ Ÿ¸¸›¸ˆÅ ‚¸¾£ ¬¸ú‡ûÅ’ú „œ¸¸¡¸
¥¸¸Š¸» ˆÅ£÷¸¸ í¾. œ¸»µ¸Ä ˆ½Å¨¸¸ƒÄ¬¸ú ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê ŠÏ¸íˆÅ¸Ê ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½ ž¸ú
¢©¸¢®¸÷¸ ˆÅ£›¸¸ ©¸¸¢Ÿ¸¥¸ í¾. ƒ¬¸ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ›¸½ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ˆÅ™Ÿ¸ „“¸‡ íÿ.ŠÏ¸íˆÅ¸Ê
ˆ½Å ¥¸¸ž¸¸˜¸Ä ¤¸ÿˆÅ ˆÅú ¨¸½¤¸¬¸¸ƒ’ œ¸£ ˆ½Å¨¸¸ƒÄ¬¸ú ™¬÷¸¸¨¸½]¸¸Ê ˆÅú ¨¡¸¸œ¸ˆÅ ¬¸»\¸ú ‚œ¸¥¸¸½”
ˆÅú Š¸ƒÄ í¾. ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½ ]¸¸Š¸³ÅˆÅ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆ½Å œÏ¢©¸®¸µ¸ ¬¸¿¬˜¸¸›¸¸Ê
Ÿ¸Ê ˆ½Å¨¸¸ƒÄ¬¸ú-‡‡Ÿ¸‡¥¸-¬¸ú‡ûÅ’ú œ¸£ ¢›¸¡¸¢Ÿ¸÷¸ œÏ¢©¸®¸µ¸ ˆÅ¸¡¸ÄÇÅŸ¸ ‚¸¡¸¸½¢]¸÷¸ ¢ˆÅ‡
]¸¸÷¸½ íÿ.
3.6 ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸
¤¸ÿˆÅ ›¸½ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ›¸ú¢÷¸¡¸¸¿ ‚¸¾£ £µ¸›¸ú¢÷¸¡¸¸¿ ¤¸›¸¸ƒÄ íÿ ]¸¸½ ƒ¬¸½
ˆºÅ©¸¥¸÷¸¸œ¸»¨¸ÄˆÅ ]¸¸½¢‰¸Ÿ¸ ˆÅú œ¸í\¸¸›¸ ˆÅ£›¸½, Ÿ¸¸œ¸›¸, ¢›¸Š¸£¸›¸ú ‚¸¾£ œÏ¤¸¿š¸›¸ ˆÅ£›¸½
Ÿ¸Ê ¬¸®¸Ÿ¸ ¤¸›¸¸÷¸ú íÿ ‚¸¾£ ¤¸ÿˆÅ ˆÅú ¬¸Ÿ¸ŠÏ ]¸¸½¢‰¸Ÿ¸ ‡œ¸½’¸ƒ’ ˆ½Å ‚›¸º³Åœ¸ ¢›¸¡¸¿°¸µ¸
œÏµ¸¸¥¸ú ¬˜¸¸¢œ¸÷¸ ˆÅ£÷¸ú íÿ— ¤¸ÿˆÅ ›¸½ ‚¸£¤¸ú‚¸ƒÄ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¤¸ÿˆÅ
¬÷¸£ œ¸£ ]¸¸½¢‰¸Ÿ¸ ˆÅú ¢›¸Š¸£¸›¸ú ˆ½Å ¢¥¸‡ ¤¸¸½”Ä ¬÷¸£ œ¸£ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ¬¸¢Ÿ¸¢÷¸
ˆÅ¸ Š¸“›¸ ¢ˆÅ¡¸¸ í¾— ¤¸ÿˆÅ ˆ½Å ©¸ú«¸Ä œÏ¤¸¿š¸›¸ ˆÅú ‚š¡¸®¸÷¸¸ Ÿ¸Ê ¤¸ÿˆÅ ›¸½ „œ¸-¬¸¢Ÿ¸¢÷¸¡¸¸¿
ž¸ú Š¸¢“÷¸ ˆÅú íÿ—
¤¸ÿˆÅ ¤¸½¬¸¥¸ III œ¸»¿]¸ú ¢¨¸¢›¸¡¸Ÿ¸¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ œÏˆÅ’úˆÅ£µ¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê œ¸£
‚¸£¤¸ú‚¸ƒÄ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ˆÅ£÷¸¸ í¾—
3.7 ¢¨¸œ¸µ¸›¸ ¨¸ œÏ\¸¸£
20
Annual Report 2020-21
charges, guidelines on Government Schematic Loans,
Ombudsman and BCSBI Codes. The same is printed
in Marathi, Hindi and English and supplied to all
branches and Zones for making the same available to
all customers on demand.
iii. Duly documented policies approved by the Board,
on “Deposit”, “Collection of Cheques”, “Redressal of
Grievances”, “Compensation”, “Operational Procedure
for Settlement of Claims of Deceased Depositors” and
Customer Rights Policy are in place.
iv. Customer Service Committees are formed at all
branches and their meetings are conducted regularly on
monthly basis. The Standing Committee on Customer
Service at Head Office and Zonal Level Customer
Service Committees at Zones, meet regularly to address
and review various customer related matters and to take
steps, for an improvement, on an ongoing basis.
v. The Committee of the Board on Customer Service
meets on quarterly basis to monitor the quality of the
customer service, redressal of customer grievances and
to ensure customer satisfaction.
vi. Bank has well established grievances redressal
machinery is in place to respond promptly to customer
grievances. The Bank has internet based mechanism,
Standardized Public Grievances Redressal System
(SPGRS) for lodging of complaints or to give suggestions/
feedback on services by the customers and for providing
acknowledgement and status of their feedback/
complaints as per the directions of Government of India.
Sr.
No.
Particulars 2020-21 2019-20
1 Customer complaints at the 296 145
beginning of the year
2 Complaints received during the
year 3760 8740
3 Complaints redressed during
the year 4037 8589
4 Complaints pending at the end
of the year 19 296
3.5 KYC/ AML
The Bank has Board approved KYC-AML-CFT Policy in place.
The Policy is the foundation on which the Bank’s implementation
of KYC norms, AML standards and CFT measures are based.
The full KYC compliance entails staff education as well as
customer education for which the Bank takes various measure
on a regular basis. A comprehensive list of eligible KYC
documents is uploaded on the Bank’s web site for the benefit of
customers. Regular training sessions are conducted on KYC-
AML-CFT guidelines at the Bank’s training establishments to
sensitize the employees.
3.6 Risk Management
The Bank has put in place Risk Management Policies and
Strategies which enables it to identify, measure, monitor and
manage risk efficiently and establishes control systems in line
with the Bank’s aggregate Risk Appetite. Bank has constituted
Risk Management Committee at Board level to monitor the risk
at Bank level in accordance with RBI Guidelines. Bank has
also constituted sub-committees headed by Top Management
of Bank.
The Bank is compliant to the RBI guidelines on disclosure
requirements under Basel III Capital Regulations.
3.7 Marketing & Publicity
Jeeef<e&keÀ efjHeesì& 2020-21
¤¸ÿˆÅ ›¸½ ¢£’½¥¸, ˆ¼Å¢«¸, ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ „÷œ¸¸™¸Ê ‚¸¾£ ‚¸ƒÄ’ú ¬¸½¨¸¸‚¸Ê ˆÅ¸½ ¤¸[õ¸¨¸¸ ™½›¸½ ˆ½Å
¢¥¸‡ ‡ˆÅ ‡ˆÅúˆ¼Å÷¸ ¢¨¸œ¸µ¸›¸ £µ¸›¸ú¢÷¸ ‚œ¸›¸¸ƒÄ— Ÿ¸¸ˆ½ÄÅ¢’¿Š¸ ’úŸ¸ ›¸½ ퟸ¸£ú „œ¸¦¬˜¸¢÷¸
‚¸¾£ ¨¡¸¸œ¸¸£ ˆÅ¸½ ¤¸[õ¸›¸½ ˆ½Å ¢¥¸‡ ¢£’½¥¸, ˆ¼Å¢«¸ ‚¸¾£ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ®¸½°¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸
ž¸¸¾¢÷¸ˆÅ ‚¸¾£ ‚¸ž¸¸¬¸ú Ÿ¸¸½” Ÿ¸Ê ¢¨¸¢ž¸››¸ ‡Æ¬¸œ¸¸½ Ÿ¸Ê ž¸¸Š¸ ¢¥¸¡¸¸— ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-
21 Ÿ¸Ê, ¤¸ÿˆÅ ›¸½ ¬¸ž¸ú Ÿ¸¸š¡¸Ÿ¸¸Ê ]¸¾¬¸½ ’ú¨¸ú, £½¢”¡¸¸½, ¢”¢]¸’¥¸, ¢œÏ¿’, ‚¸½‚¸½‡\¸ (‚¸„’
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£¸«’ïú¡¸ ‚¸¾£ ®¸½°¸ú¡¸ ’ú¨¸ú, £½¢”¡¸¸½, ¢”¢]¸’¥¸ \¸¾›¸¥¸¸Ê ¬¸½ ]¸º”õ¸— ¤¸ÿˆÅ ›¸½ ¥¸ú” ]¸›¸£½©¸›¸
ˆ½Å ¬¸¸˜¸ ¢£’½¥¸, ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ „÷œ¸¸™¸Ê ˆÅ¸½ ¤¸[õ¸¨¸¸ ™½›¸½ ˆ½Å ¢¥¸‡ ¬¸¿œ¸¢î¸, ˆÅ¸£ ‚¸¾£ ƒÄ-
ˆÅ¸ÁŸ¸¬¸Ä ˆ½Å œÏŸ¸º‰¸ œ¸¸½’Ä¥¸¸Ê ˆ½Å ¬¸¸˜¸ ž¸¸Š¸ú™¸£ú ˆÅú— „›¸ ®¸½°¸¸Ê Ÿ¸Ê ¤¸ÿˆÅ ˆÅú ´©¡¸÷¸¸ ¤¸[õ¸›¸½
ˆ½Å ¢¥¸‡ ]¸í¸¿ ¤¸ÿˆÅ ‚œ¸›¸½ ¤¸ÿ¢ˆ¿ÅŠ¸ ‚¸„’¥¸½’ ˆÅ¸ ¢¨¸¬÷¸¸£ ˆÅ£ £í¸ í¾, Ÿ¸¸ˆ½ÄÅ¢’¿Š¸ ’úŸ¸
‚¸¨¸©¡¸ˆÅ œÏ\¸¸£ ˆ½Å ¢¥¸‡ ¢œÏ¿’, £½¢”¡¸¸½, ’ú¨¸ú ‚¸¾£ ¢”¢]¸’¥¸ Ÿ¸Ê ‚ŠÏµ¸ú ®¸½°¸ú¡¸
Ÿ¸ú¢”¡¸¸ ¬¸½ ]¸º”õú —
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¥¸¸½ˆÅ¥¸ ¬¸\¸Ä œ¸¸¨¸£ ˆÅ¸ ¥¸¸ž¸ „“¸›¸½ ˆ½Å ¢¥¸‡, ¤¸ÿˆÅ ›¸½ ¢¨¸¢ž¸››¸ ¬¸\¸Ä ƒ¿]¸›¸¸Ê ‚¸¾£ ¬¸¸½©¸¥¸
›¸½’¨¸ˆÄÅ ¬¸¸ƒ’¸Ê œ¸£ ¤¸ÿˆÅ ©¸¸‰¸¸‚¸Ê ‚¸¾£ ‡’ú‡Ÿ¸ (Ÿ¸¸›¸¢\¸°¸, ¬¸Ÿ¸ú®¸¸, ¬¸¿œ¸ˆÄÅ ¢¨¸¨¸£µ¸,
„÷œ¸¸™¸Ê ‚¸¾£ ¬¸½¨¸¸‚¸Ê) ˆÅú ]¸¸›¸ˆÅ¸£ú ˆÅ¸½ ‚Ô¸÷¸›¸ ˆÅ£ˆ½Å ¥¸¸½ˆÅ©¸›¸ Ÿ¸¾›¸½]¸Ÿ¸Ê’
¬¸¸½¥¸»©¸›¸ ¥¸¸Š¸» ¢ˆÅ¡¸¸—
ŠÏ¸íˆÅ¸Ê ˆÅ¸½ ¬¸í]¸÷¸¸ ‚¸¾£ ¬¸º¢¨¸š¸¸ œÏ™¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡, ¤¸ÿˆÅ ›¸½ ‚œ¸›¸ú ˆÅ¸Áœ¸¸½Ä£½’
¨¸½¤¸¬¸¸ƒ’ ˆÅ¸½ ›¸¡¸¸ ³Åœ¸ ¢™¡¸¸—
3.8 ›¸¸Š¸¢£ˆÅ ‚¢š¸ˆÅ¸£ œ¸°¸
¤¸ÿˆÅ ›¸½ 2000-01 ¬¸½ ¢¬¸’ú]¸›¸ \¸¸’Ä£ ˆÅ¸½ ‚œ¸›¸¸¡¸¸ í¾, ]¸¸½ ‚œ¸›¸½ ŠÏ¸íˆÅ¸Ê ˆ½Å œÏ¢÷¸ ¤¸ÿˆÅ
ˆ½Å ˆÅ÷¸Ä¨¡¸¸Ê ‚¸¾£ ¢]¸ŸŸ¸½™¸¢£¡¸¸Ê ˆÅ¸ ¢¨¸¨¸£µ¸ ™½÷¸¸ í¾— \¸¸’Ä£ ¬¸ž¸ú ©¸¸‰¸¸‚¸Ê ‚¸¾£ ¤¸ÿˆÅ
ˆÅú ¨¸½¤¸¬¸¸ƒ’ œ¸£ œÏ™¢©¸Ä÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
4. ¬¸¸Ÿ¸¸¢]¸ˆÅ/ ¬¸»®Ÿ¸ ‚¸¢˜¸ÄˆÅ ¢¨¸ˆÅ¸¬¸
4.1 œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ ®¸½°¸ ˆÅ¸½ „š¸¸£ú
Ž¸½’½ ‚¸¾£ ¬¸úŸ¸¸¿÷¸ ¢ˆÅ¬¸¸›¸¸Ê, ¬¸»®Ÿ¸ ‚¸¾£ ¥¸‹¸º „Ô¸Ÿ¸¸Ê, ‰¸º™£¸ ¨¡¸¸œ¸¸¢£¡¸¸Ê, œ¸½©¸½¨¸£ ‚¸¾£
¬¨¸£¸½]¸Š¸¸£ú, Ÿ¸¢í¥¸¸ „Ô¸¢Ÿ¸¡¸¸Ê ‚¸¾£ ‚¸¢˜¸ÄˆÅ ³Åœ¸ ¬¸½ ˆÅŸ¸]¸¸½£ ¨¸Š¸Ä ˆ½Å „Ô¸¢Ÿ¸¡¸¸Ê ˆÅ¸½
„÷œ¸¸™ˆÅ „Ó½©¡¸¸Ê ˆ½Å ¢¥¸‡ ¬¸Ÿ¸¡¸ œ¸£ ‚¸¾£ œ¸£½©¸¸›¸ú Ÿ¸ºÆ÷¸ †µ¸ ˆÅú „œ¸¥¸¤š¸÷¸¸ ׸£¸
›¡¸¸¡¸¬¸¿Š¸÷¸ ‚¸¾£ ¬¸÷¸÷¸ ‚¸¢˜¸ÄˆÅ ¢¨¸ˆÅ¸¬¸ ˆÅú ¬¸º¢¨¸š¸¸ œÏ™¸›¸ ˆÅ£›¸¸ ¤¸ÿˆÅ ˆÅ¸ ¢›¸£¿÷¸£
œÏ¡¸¸¬¸ £í¸ í¾— 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ ®¸½°¸ „š¸¸£ (¢›¸¨¸½©¸ ¬¸¢í÷¸) ˆ½Å
‚¿÷¸Š¸Ä÷¸ ¤¸ˆÅ¸¡¸¸ 40% ˆ½Å ‚¢›¸¨¸¸¡¸Ä ¥¸®¡¸ ˆ½Å Ÿ¸ºˆÅ¸¤¸¥¸½ ¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ ¢›¸¨¸¥¸ ¤¸ÿˆÅ †µ¸
(‡‡›¸¤¸ú¬¸ú) ˆÅ¸ 58.05% ˜¸¸— 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ ®¸½°¸ (¢›¸¨¸½©¸ ˆÅ¸½
Ž¸½”õˆÅ£) ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¤¸ˆÅ¸¡¸¸ ‚¢ŠÏŸ¸ ˆºÅ¥¸ †µ¸ ˆ½Å 45.62% ˆ½Å ¬¸¸˜¸ ` 49,109
ˆÅ£¸½”õ í¸½ Š¸¡¸¸—
4.2 ˆ¼Å¢«¸
¤¸ÿˆÅ ›¸½ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ˆ¼Å¢«¸ ‚¸¾£ ¬¸¿¤¸Ö Š¸¢÷¸¢¨¸¢š¸¡¸¸Ê ˆ½Å ¢¥¸‡ ` 5,824
ˆÅ£¸½”õ ˆ½Å †µ¸ ¬¨¸úˆ¼Å÷¸ ¢ˆÅ‡— 31.03.2021 ˆÅ¸½ ˆ¼Å¢«¸ ®¸½°¸ ˆÅ¸ ˆºÅ¥¸ ¤¸ˆÅ¸¡¸¸ `  16202
ˆÅ£¸½”õ ˆ½Å ¬÷¸£ œ¸£ œ¸íº\¿ ¸ Š¸¡¸¸— ˆºÅ¥¸ ˆ¼Å¢«¸ (¢›¸¨¸½©¸ ¬¸¢í÷¸) ‡‡›¸¤¸ú¬¸ú ˆÅ¸ 19.91%
˜¸¸— ¤¸ÿˆÅ ›¸½ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ˆ¼Å¢«¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¬¸ž¸ú ‚¢›¸¨¸¸¡¸Ä ¥¸®¡¸¸Ê
(¢÷¸Ÿ¸¸íú ‚¸¾¬¸÷¸ ‚¸š¸¸£ œ¸£) ˆÅ¸½ œÏ¸œ÷¸ ¢ˆÅ¡¸¸ í¾, ¢]¸¬¸Ÿ¸Ê ¥¸‹¸º ‚¸¾£ ¬¸úŸ¸¸¿÷¸ ¢ˆÅ¬¸¸›¸¸Ê ˆ½Å
„œ¸-¥¸®¡¸, Š¸¾£-ˆÅ¸Áœ¸¸½£Ä ’½ ¢ˆÅ¬¸¸›¸¸Ê ˆÅ¸½ œÏ÷¡¸®¸ †µ¸ ‚¸¢™ ©¸¸¢Ÿ¸¥¸ íÿ—
¤¸ÿˆÅ ›¸½ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ˆ¼Å¢«¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸¨¸½©¸ †µ¸ ˆ½Å ¢¨¸ˆÅ¸¬¸ œ¸£ š¡¸¸›¸
ˆÊÅ¢Í÷¸ ¢ˆÅ¡¸¸ ‚¸¾£ ` 1,799 ˆÅ£¸½”õ ˆÅ¸ ¢¨¸÷¸£µ¸ ¢ˆÅ¡¸¸— ¤¸ÿˆÅ ›¸½ ˆ¼Å¢«¸ ‚¸¾£ ˆ¼Å¢«¸
‚¸š¸¸¢£÷¸ „Ô¸¸½Š¸¸Ê ˆÅú ]¸³Å£÷¸¸Ê ˆÅ¸½ œ¸»£¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ®¸½°¸ ‚¸š¸¸¢£÷¸ ¡¸¸½]¸›¸¸‡¿ ž¸ú
÷¸¾¡¸¸£ ˆÅú íÿ—
¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸, ¤¸ÿˆÅ ›¸½ ˆÅ¸½¢¨¸” £¸í÷¸ ¡¸¸½]¸›¸¸‚¸Ê ˆÅú ©¸º²Å‚¸÷¸ ˆÅú í¾
¡¸˜¸¸ ¢ˆÅ¬¸¸›¸¸Ê ˆ½Å ¢¥¸‡ Ÿ¸í¸¤¸ÿˆÅ ¢ˆÅ¬¸¸›¸ £¸í÷¸ ¡¸¸½]¸›¸¸ (MKRY), ˆ¼Å¢«¸ ‚¸š¸¸¢£÷¸
„Ô¸¸½Š¸¸Ê / ƒˆÅ¸ƒ¡¸¸Ê ˆ½Å ¢¥¸‡ MKRY ‚¸¾£ COVID-19 Ÿ¸í¸Ÿ¸¸£ú ˆ½Å œÏˆÅ¸½œ¸ ˆ½Å
ˆÅ¸£µ¸ „÷œ¸››¸ ˆÅ¢“›¸ ¦¬˜¸¢÷¸ ¬¸½ ¢›¸œ¸’›¸½ ˆ½Å ¢¥¸‡ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅ¸ ¬¸í¡¸¸½Š¸ ˆÅ£›¸½
ˆ½Å ¢¥¸‡ Ÿ¸í¸¤¸ÿˆÅ SHG £¸í÷¸ ¡¸¸½]¸›¸¸— ¤¸ÿˆÅ ›¸½ „Æ÷¸ ¡¸¸½]¸›¸¸‚¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ˆºÅ¥¸
`  325 ˆÅ£¸½”õ ˆÅ¸ †µ¸ ¢¨¸÷¸¢£÷¸ ¢ˆÅ¡¸¸ í¾—
21
Bank adopted an integrated marketing strategy to promote
Retail, Agri, MSME products, and IT services. Marketing Team
participated in various expos in physical and virtual mode
under Retail, Agri & MSME sector for increasing our presence
and business mobilization. In FY 2020-21, Bank established
its presence across all mediums like TV, Radio, Digital, Print,
OOH (out of home), etc. Bank associated with various National
& Regional TV, Radio, Digital Channels for creating awareness
about Bank and promotion of various products & services.
Bank partnered with leading property, car and e-commerce
portals for promotion of Retail, MSME products along with lead
generation. In order to increase visibility of the Bank in the
areas where Bank is expanding its banking outlets, marketing
team associated with leading regional media in print, radio, TV
and digital for required publicity.
With a view to establish a digital footprint across the web
and in order to leverage the power of local search for helping
customers, Bank implemented Location Management solution
by updating the information of Bank Branches and ATMs
(maps, reviews, contact details, products and services) on
various search engines and social network sites.
To facilitate ease and convenience for the customers, Bank
revamped its corporate website.
3.8 Citizen’s Charter
The Bank has adopted the Citizen’s Charter since 2000-01,
which details the duties and responsibilities of the Bank towards
its customers. The charger is displayed at all the branches and
Bank’s website.
4. SOCIO/MICRO ECONOMIC DEVELOPMENT
4.1 Priority Sector Lending
It has been the constant endeavor of the Bank to facilitate
equitable and sustainable economic development by timely
and hassle-free availability of credit for productive purposes
to Small and Marginal Farmers, Micro and Small Enterprises,
Retail Traders, Professional and Self Employed, Women
Entrepreneurs and entrepreneurs from economically weaker
sections. The outstanding under Priority Sector Lending
(including investments) as of March 31, 2021 stood at 58.05%
of adjusted net bank credit (ANBC) as against the mandatory
target of 40%. The outstanding advances under Priority Sector
(excluding investment) as of March 31, 2021 aggregated to `
49,109 crore constituting 45.62% of total credit.
4.2 Agriculture
Bank sanctioned loans of ` 5,824 Crore for Agriculture and allied
activities during the year 2020-21. Total outstanding advances
to agriculture sector reached a level of ` 16,202 Crore as on
31.03.2021. Total Agriculture (including investments) stood
19.91% of ANBC. Bank has achieved all mandatory targets
(on Quarterly average basis) under Agriculture including sub-
targets of Small and Marginal Farmers, Direct lending to non-
Corporate farmers, etc. during the FY 2020-21.
The bank focused on growth of Investment Credit under
Agriculture during the year 2020-21 and disbursed ` 1,799
Crore. The bank also devised Area Based schemes to meet the
needs of Agriculture and Agro based industries.
During the year 2020-21, Bank has introduced Covid relief
schemes viz. Mahabank Kisan Rahat Yojana (MKRY) for
Farmers, MKRY for Agro Based industries/ units & Mahabank
SHG Rahat Yojana to support the Borrowers to cope with the
tough situation arisen due to outbreak of COVID-19 pandemic.
Bank has disbursed total loan of ` 325 crore under the aforesaid
schemes.
 Annual Report 2020-21

¢œ¸Ž¥¸½ ˆºÅŽ ¨¸«¸¸½ô Ÿ¸Ê, ˆ¼Å¢«¸ ®¸½°¸ ¤¸¸£-¤¸¸£ œÏ¸ˆ¼Å¢÷¸ˆÅ ‚¸œ¸™¸‚¸Ê ]¸¾¬¸½ ¬¸»‰¸¸, ¤¸¸[õ, Over last few years, Agriculture sector has been repeatedly hit
by vagaries of natural calamities like drought, flood, hailstorms,
‚¸½¥¸¸¨¸¼¦«’ ‚¸¢™ ˆÅú \¸œ¸½’ Ÿ¸Ê £í¸ í¾— ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ž¸ú÷¸£, ¤¸ÿˆÅ
etc. Within the regulatory guidelines, Bank has been extending
¬¸Ÿ¸¡¸-¬¸Ÿ¸¡¸ œ¸£ ¢ˆÅ¬¸¸›¸¸Ê ˆ½Å ¢¥¸‡ £¸í÷¸ ˆ½Å „œ¸¸¡¸ ˆÅ£÷¸¸ £í¸ í¾— ퟸ¸£½ ¤¸ÿˆÅ ›¸½ ž¸ú relief measures to farmers from time to time. Our bank also
Ÿ¸í¸£¸«’ï ¬¸£ˆÅ¸£ ˆÅú ˆ¼Å¢«¸ †µ¸ Ÿ¸¸ûÅú ¡¸¸½]¸›¸¸ ˆÅ¸½ ¬¸ûÅ¥¸÷¸¸œ¸»¨¸ÄˆÅ ¥¸¸Š¸» ¢ˆÅ¡¸¸ í¾— ¨¸«¸Ä successfully implemented farm loan waiver scheme of Govt. of
ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ MJPSKY-2019 (Ÿ¸í¸£¸«’ï £¸]¡¸ ˆÅú †µ¸ Ÿ¸¸ûÅú ¡¸¸½]¸›¸¸) ˆ½Å Maharashtra. During the year Bank credited ` 1770 crore under
‚¿÷¸Š¸Ä÷¸ `  1770 ˆÅ£¸½”õ ]¸Ÿ¸¸ ¢ˆÅ‡— ƒ¬¸ˆ½Å ¬¸¸˜¸ íú, ¤¸ÿˆÅ ›¸½ ¬¸¿¤¸¿¢š¸÷¸ £¸]¡¸¸Ê ׸£¸ MJPSKY-2019 (debt waiver scheme of Maharashtra State).
Along with this, Bank has efficiently implemented various other
‹¸¸½¢«¸÷¸ ¢¨¸¢ž¸››¸ ‚›¡¸ ˆ¼Å¢«¸ †µ¸ Ÿ¸¸ûÅú ¡¸¸½]¸›¸¸‚¸Ê ˆÅ¸½ ˆºÅ©¸¥¸÷¸¸œ¸»¨¸ÄˆÅ ¥¸¸Š¸» ¢ˆÅ¡¸¸
Farm Loan Waiver schemes declared by respective states.
í¾— ¤¸ÿˆÅ ›¸½ ¢ˆÅ¬¸¸›¸¸Ê ˆÅ¸½ œ¸£½©¸¸›¸ú Ÿ¸ºÆ÷¸ †µ¸ œÏ™¸›¸ ˆÅ£ˆ½Å ˆ¼Å¢«¸ ˆÅ¸½ ‚¢ŠÏŸ¸ ¤¸[õ¸›¸½ ˆ½Å The Bank undertook awareness/sensitization program and
¢¥¸‡ ©¸¸‰¸¸‚¸Ê ˆ½Å ¢¥¸‡ ]¸¸Š¸³ÅˆÅ÷¸¸ / ¬¸¿¨¸½™úˆÅ£µ¸ ˆÅ¸¡¸ÄÇÅŸ¸ ‚¸¾£ ¬˜¸¸›¸ú¡¸ œÏ¢©¸®¸µ¸ locational trainings for the branches for increasing advances to
¢™¡¸¸— agriculture by providing hassle free credit to farmers.

Agriculture Performance FY 21 Agriculture Performance FY 21

60000 60000

49109 49109
50000 50000

40000 40000

Rs in Crs
Rs in Crs

30000 30000

20000 16202 20000 16202

10000 5824 10000 5824

0 0
Outstanding advances in Outstanding advances to Loans disbursed in Outstanding advances in Outstanding advances to Loans disbursed in
PSL Agriculture Sector Agriculture sector PSL Agriculture Sector Agriculture sector

4.2.1 Ÿ¸í¸¤¸ÿˆÅ ¢ˆÅ¬¸¸›¸ ǽŢ”’ ˆÅ¸”Ä 4.2.1 Mahabank Kisan Credit Card

ƒ¬¸ ¡¸¸½]¸›¸¸ ›¸½ ¢¨¸©¸½«¸ˆÅ£ ŠÏ¸Ÿ¸úµ¸ ®¸½°¸¸Ê Ÿ¸Ê ¥¸¸½ˆÅ¢œÏ¡¸÷¸¸ ‚¢]¸Ä÷¸ ˆÅú ]¸í¸¿ ƒ¬¸ˆÅ¸ This scheme gained popularity especially in rural areas where
it is being propagated successfully and vigorously. The bank
¬¸ûÅ¥¸÷¸¸œ¸»¨¸ÄˆÅ ‚¸¾£ ÷¸½]¸ú ¬¸½ œÏ\¸¸£ ¢ˆÅ¡¸¸ ]¸¸ £í¸ í¾. ¤¸ÿˆÅ ›¸½ ™½©¸ ž¸£ Ÿ¸Ê ‰¸£úûÅ, organized Credit Camps during Kharif 2020 season across
2020 Ÿ¸¸¾¬¸Ÿ¸ ˆ½Å ™¸¾£¸›¸ †µ¸ ¢©¸¢¨¸£¸Ê ˆÅ¸ ‚¸¡¸¸½]¸›¸ ¢ˆÅ¡¸¸. ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 the country. During FY 2020-21 the bank sanctioned total 3.89
ˆ½Å ™¸¾£¸›¸, ¢ˆÅ¬¸¸›¸¸Ê ˆÅ¸½ ˆºÅ¥¸ 3.89 ¥¸¸‰¸ ¢ˆÅ¬¸¸›¸ ǽŢ”’ ˆÅ¸”Ä (KCC) Ÿ¸¿]¸»£ ¢ˆÅ‡ lakh Kisan Credit Cards (KCC) to farmers amounting to ` 5,557
Š¸‡, ¢]¸›¸ˆÅú £¸¢©¸ ` 5,557 ˆÅ£¸½”õ í¾— ‡Ÿ¸ˆ½Å¬¸ú¬¸ú ¥¸¸ž¸¸¢˜¸Ä¡¸¸Ê ˆÅ¸½ ǽŢ”’ œÏ¨¸¸í crore. Credit flow to MKCC beneficiaries reached to a level of
31.03.2021 ÷¸ˆÅ ` 7,502 ˆ½Å ¬÷¸£ ÷¸ˆÅ œ¸íº¿\¸ Š¸¡¸¸. ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¢™©¸¸¢›¸™½Ä©¸¸Ê ` 7,502 Crore as on 31.03.2021. As per regulatory guidelines,
Bank has also implemented a special Drive for issuing KCCs
ˆ½Å ‚›¸º¬¸¸£, ¤¸ÿˆÅ ›¸½ ¢ˆÅ¬¸¸›¸¸Ê ˆÅ¸½ ˆ¼Å¢«¸ ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ œ¸©¸ºœ¸¸¥¸›¸ ‚¸¾£ Ÿ¸÷¬¡¸ œ¸¸¥¸›¸ to farmers for Agriculture as well as for Animal Husbandry and
ˆ½Å ¢¥¸‡ ˆ½Å¬¸ú¬¸ú ]¸¸£ú ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ‡ˆÅ ¢¨¸©¸½«¸ ‚¢ž¸¡¸¸›¸ ‚¸¡¸¸½¢]¸÷¸ ¢ˆÅ¡¸¸ í¾. Fisheries. The scheme is helping small and scattered dairy
¡¸í ¡¸¸½]¸›¸¸ Ž¸½’½ ‚¸¾£ ¬¸º™»£ ¦¬˜¸÷¸ ”½¡¸£ú ¢ˆÅ¬¸¸›¸¸Ê, Ÿ¸Žº‚¸£¸Ê ‚¸¾£ œ¸©¸ºœ¸¸¥¸›¸ Ÿ¸Ê farmers, fishermen and entrepreneurs in animal husbandry to
„Ô¸¢Ÿ¸¡¸¸Ê ˆÅ¸½ ‚œ¸›¸¸ ¨¡¸¨¸¬¸¸¡¸ ¤¸[õ¸›¸½ Ÿ¸Ê Ÿ¸™™ ˆÅ£ £íú í¾. grow their business.

4.3 Micro, Small and Medium Enterprises (MSME)

4.3 ¬¸»®Ÿ¸, ¥¸‹¸º ‚¸¾£ Ÿ¸š¡¸Ÿ¸ „Ô¸Ÿ¸ (‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ)
MSMEs are the growth engine for the Indian economy. They
¬¸»®Ÿ¸ ‡¨¸¿ Ÿ¸š¡¸Ÿ¸ „Ô¸Ÿ¸¸Ê ˆÅ¸½ ž¸¸£÷¸ú¡¸ ‚˜¸Ä¨¡¸¨¸¬˜¸¸ ˆ½Å ¢¨¸ˆÅ¸¬¸ ˆÅ¸ ‚ŠÏ™»÷¸ Ÿ¸¸›¸¸ ]¸¸÷¸¸ í¾— have highest contribution in generating employment both
œÏ÷¡¸®¸ ‡¨¸¿ ‚œÏ÷¡¸®¸ £¸½]¸Š¸¸£ ˆ½Å ‚¨¸¬¸£ œ¸¾™¸ ˆÅ£›¸½ Ÿ¸Ê ƒ›¸ˆÅ¸ ¡¸¸½Š¸™¸›¸ ¬¸¤¸¬¸½ ‚¢š¸ˆÅ í¾— directly as well as indirectly.
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸, ˆÅ¸½¢¨¸”-19 ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ‚¸œ¸™¸, ¥¸¸ÁˆÅ”¸„›¸, During FY 2020-21, MSMEs were most affected due to
Ÿ¸]¸™»£ œ¸¥¸¸¡¸›¸ ‚¸¢™ ˆ½Å ˆÅ¸£µ¸ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ¬¸¤¸¬¸½ ‚¢š¸ˆÅ œÏž¸¸¢¨¸÷¸ íº‚¸— ¤¸ÿˆÅ COVID-19 related distress, lockdown, labor migration etc. Bank
‚¸ÁûÅ Ÿ¸í¸£¸«’ï ׸£¸ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ˆÅ¸½ ¬¸í¡¸¸½Š¸ œÏ™¸›¸ ¢ˆÅ¡¸¸ ]¸¸ £í¸ í¾ ‚¸¾£ ž¸¸£÷¸ has extended support to MSMEs and has implemented various
¬¸£ˆÅ¸£ ‡¨¸¿ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ˆ½Å ¢¥¸‡ œÏ™¸›¸ ˆÅú ]¸¸ £í½ relief measures given to MSME borrowers by Government of
India and the Reserve Bank of India.
¢¨¸¢ž¸››¸ £¸í÷¸ „œ¸¸¡¸¸Ê ˆÅ¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ¢ˆÅ¡¸¸ ]¸¸ £í¸ í¾—
i. Moratorium on repayment of instalments granted to the
i. 01.03.2020 ‚¸¾£ 31.08.2020 ˆ½Å ¤¸ú\¸ ¢]¸›¸ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅ¸ borrowers whose repayment were falling due between
œ¸º›¸ž¸ºÄŠ¸÷¸¸›¸ ™½¡¸ ˜¸¸,„›íÊ ¢ˆÅ©÷¸¸Ê ˆ½Å œ¸º›¸ž¸ºÄŠ¸÷¸¸›¸ œ¸£ ‚¢š¸¬˜¸Š¸›¸ œÏ™¸›¸ 01.03.2020 and 31.08.2020.
¢ˆÅ¡¸¸ Š¸¡¸¸— ii. For working capital limits extended in terms of CC/OD,
ii. „œ¸£¸½Æ÷¸ ‚¢š¸¬˜¸Š¸›¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¬¸ú¬¸ú/‚¸½”ú, ¤¡¸¸]¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê¢¨¸¬÷¸¸¢£÷¸ interest during the above moratorium period was carved
ˆÅ¸¡¸Ä©¸ú¥¸ œ¸»]¿ ¸ú ¬¸úŸ¸¸ ˆÅ¸½ ‡ûÅ‚¸ƒÄ’ú‡¥¸ ˆ½Å ³Åœ¸ Ÿ¸Ê œ¸¢£¨¸¢÷¸Ä÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— out as FITL.
iii. œ¸¸°¸ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅ¸½ ‚¸œ¸¸÷¸ˆÅ¸¥¸ú›¸ ǽŢ”’ ¥¸¸ƒ›¸ Š¸¸£¿’ú ¡¸¸½]¸›¸¸ iii. Additional funding extended under Emergency Credit
(ƒÄ¬¸ú‡¥¸]¸ú‡¬¸) ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‚¢÷¸¢£Æ÷¸ ¢›¸¢š¸ œÏ™¸›¸ ˆÅú Š¸ƒÄ— Line Guarantee Scheme (ECLGS) to eligible borrowers.
iv. Additional finance extended under Adhoc line of credit
iv. ‡”í¸ÁˆÅ ¥¸¸ƒ›¸ ‚¸ÁûŠǽŢ”’ ˆÅ¸½¢¨¸”-19 ¡¸¸½]¸›¸¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‚¢÷¸¢£Æ÷¸
Covid-19 scheme.
¢¨¸î¸ œÏ™¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—

22
Jeeef<e&keÀ efjHeesì& 2020-21
v. „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆ½Å ¥¸¿¤¸½ ˆÅ¸¡¸Ä©¸ú¥¸ œ¸»¿]¸ú \¸ÇÅ ˆ½Å ˆÅ¸£µ¸ „™¸£úˆ¼Å÷¸ ˆÅ¸¡¸Ä©¸ú¥¸
œ¸»¿]¸ú Ÿ¸»¥¡¸¸¿ˆÅ›¸ (‡¥¸”¤¸¥¡¸»¬¸ú‡) ¡¸¸½]¸›¸¸ ¥¸¸Š¸» ˆÅú Š¸ƒÄ—
vi. ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï ›¸½ ¬’ïú’ ¨¸Ê”£¸Ê ˆÅ¸½ ‚œ¸›¸¸ ¨¡¸¨¸¬¸¸¡¸ ¬¸ºš¸¸£›¸½ í½÷¸º œ¸ú‡Ÿ¸
¬¨¸¢›¸¢š¸ ¡¸¸½]¸›¸¸ ׸£¸ †µ¸ œÏ™¸›¸ ¢ˆÅ¡¸¸ í¾—
Ÿ¸¸\¸Ä 2020 ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê ¤¸ÿˆÅ ׸£¸ ¬¸»®Ÿ¸, ¥¸‹¸º ‚¸¾£ Ÿ¸š¡¸Ÿ¸ „Ô¸Ÿ¸¸Ê ˆÅ¸½ œÏ™¸›¸
¢ˆÅ‡ Š¸‡ †µ¸ Ÿ¸Ê 35% ˆÅú ¨¸¼¢Ö íºƒÄ ‚¸¾£ Ÿ¸¸°¸¸ ˆÅú ´¦«’ ¬¸½ `  5969 ˆÅ£¸½”õ ˆÅú
¢£ˆÅ¸Á”Ä ¨¸¼¢Ö ™]¸Ä ˆÅú Š¸ƒÄ— 31.03.2021 ˆÅ¸½ ¤¸ÿˆÅ ˆÅ¸ ˆºÅ¥¸ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ‚¢ŠÏŸ¸
`  23,132.87 ˆÅ£¸½”õ £í¸—
¢¨¸î¸ú¡¸ ¨¸«¸Ä 21 Ÿ¸Ê ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ Ÿ¸Ê ¤¸ÿˆÅ ˆÅ¸ œÏ™©¸Ä›¸ À
ÇÅ. ¢¨¸¨¸£µ¸ ¨¸¸¬÷¸¢¨¸ˆÅ ¥¸®¡¸
1 ‡‡›¸¤¸ú¬¸ú ˆÅ¸½ Ÿ¸¸ƒÇŸ½ ˆÅ¸ % 15.94% 7.50%
2 Ÿ¸¸ƒÇŸ½ ƒ¿’£œÏ¸ƒ]¸½¬¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¨¸«¸Ä ™£ 66.76% 10%
¨¸«¸Ä ¨¸¼¢Ö
3 Ÿ¸¸ƒÇŸ½ ‚¸¾£ ¥¸‹¸º ƒ¿’£œÏ¸ƒ]¸½¬¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ 34.55% 20%
¨¸«¸Ä ™£ ¨¸«¸Ä ¨¸¼¢Ö ¤¸ˆÅ¸¡¸¸
4 ‡Ÿ¸‡¬¸ƒÄ ˆ½Å ¬¸Ÿ¸®¸ Ÿ¸¸ƒÇŸ½ ˆÅ¸ ¢í¬¬¸¸ ¤¸ˆÅ¸¡¸¸ 89.90% 60%
4.3.1 Ÿ¸ºÍ¸ À
¤¸ÿˆÅ ׸£¸ œÏš¸¸›¸Ÿ¸¿°¸ú Ÿ¸ºÍ¸ ¡¸¸½]¸›¸¸ (œ¸ú‡Ÿ¸‡Ÿ¸¨¸¸ƒÄ) ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ` 10 ¥¸¸‰¸ ÷¸ˆÅ
¢¨¸¢›¸Ÿ¸¸Äµ¸, ¨¡¸¸œ¸¸£ ‚¸¾£ ¬¸½¨¸¸‚¸Ê Ÿ¸Ê ¬¸¿¥¸Š›¸ Ž¸½’½ ¨¡¸¨¸¬¸¸¡¸¸Ê ‚¸¾£ Š¸¾£-ˆ¼Å¢«¸ „Ô¸Ÿ¸¸Ê ˆÅú
†µ¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê Ÿ¸Ê ¬¸í¡¸¸½Š¸ œÏ™¸›¸ ¢ˆÅ¡¸¸ ]¸¸ £í¸ í¾— 31.03.2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ œ¸ú‡Ÿ¸‡Ÿ¸¨¸¸ƒÄ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¥¸®¡¸ ` 2375 ˆÅ£¸½”õ ˆ½Å ¬˜¸¸›¸ œ¸£
`2560.38 ˆÅ£¸½”õ ˆÅú Ÿ¸¿]¸»£ú œÏ™¸›¸ ˆÅú ‚¸¾£ ¥¸®¡¸ ˆÅ¸ 107.80% œÏ¸œ÷¸ ¢ˆÅ¡¸¸—
‚›¡¸ œÏŸ¸º‰¸ „œ¸¥¸¦¤š¸¡¸¸¿
• ¤¸ÿˆÅ ›¸½ 17.10.2020 ¬¸½ 31.12.2020 ÷¸ˆÅ ǽŢ”’ ‚¸„’£ú\¸ ˆÅ¸¡¸ÄÇÅŸ¸
ˆÅ¸ ‚¸¡¸¸½]¸›¸ ¢ˆÅ¡¸¸, ¢]¸¬¸ˆ½Å ™¸¾£¸›¸ 7230 ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅ¸½
` 2076 ˆÅ£¸½”õ ˆÅú Ÿ¸¿]¸»£ú œÏ™¸›¸ ˆÅú Š¸ƒÄ ‚¸¾£ ˆºÅ¥¸ ¬¸¿¢¨¸÷¸£µ¸ ` 1810
ˆÅ£¸½”õ £í¸— ƒ¬¸ ‚¨¸¢š¸ Ÿ¸Ê ¤¸ÿˆÅ ›¸½ 40 ¨¸½¢¤¸›¸¸£ ‚¸¾£ 185 ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ
ǽŢ”’ ‚¸„’£ú\¸ ˆÅ¸¡¸ÄÇÅŸ¸ ˆÅ¸ ‚¸¡¸¸½]¸›¸ ¢ˆÅ¡¸¸—
• ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ‚¢ŠÏŸ¸¸Ê ˆÅ¸½ ¤¸[õ¸›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ›¸½ Ÿ¸í¸ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ Ÿ¸¾£¸˜¸›¸
‚¢ž¸¡¸¸›¸ (‡Ÿ¸3 ‚¢ž¸¡¸¸›¸ (04.01.2021 ¬¸½ 25.02.2021 ÷¸ˆÅ) ˆÅ¸
‚¸¡¸¸½]¸›¸ ¢ˆÅ¡¸¸— ‚¢ž¸¡¸¸›¸ ˆ½Å ™¸¾£¸›¸ ˆºÅ¥¸ ¢Ÿ¸¥¸¸ˆÅ£ ` 2094.54 ˆÅ£¸½”õ
ˆ½Å †µ¸¸Ê ˆÅ¸½ Ÿ¸¿]¸»£ú œÏ™¸›¸ ˆÅú Š¸ƒÄ— ¤¸ÿˆÅ ›¸½ ` 1500 ˆÅ£¸½”õ ˆ½Å ¬¸¿¢¨¸÷¸£µ¸
¥¸®¡¸ ˆ½Å ¬˜¸¸›¸ œ¸£ ` 1796.53 ˆÅ£¸½”õ (¥¸Š¸ž¸Š¸ 120%) ˆÅ¸ ¬¸¿¢¨¸÷¸£µ¸
¢ˆÅ¡¸¸— ƒ¬¸ ‡Ÿ¸ 3 ‚¢ž¸¡¸¸›¸ ˆ½Å ¢í¬¬¸½ ˆ½Å ³Åœ¸ Ÿ¸Ê ¤¸ÿˆÅ ›¸½ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ „Ô¸Ÿ¸¸Ê
‚¸¾£ „Ô¸¸½Š¸ ¬¸¿Š¸“›¸¸Ê ¬¸½ ¬¸¿œ¸ˆÄÅ ¬˜¸¸¢œ¸÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ‚¢‰¸¥¸ ž¸¸£÷¸ú¡¸
¬÷¸£ œ¸£ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ‡Æ¬¸œ¸¸½, ¨¸½¢¤¸›¸¸£ ˆÅ¸ ‚¸¡¸¸½]¸›¸ ¢ˆÅ¡¸¸—
• ¤¸ÿˆÅ ›¸½ ‚¸£¤¸ú‚¸ƒÄ ׸£¸ ]¸¸£ú ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ œ¸º›¸Š¸Ä“›¸ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆÅ¸½ ¥¸¸Š¸»
¢ˆÅ¡¸¸ í¾ ‚¸¾£ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ` 861.98 ˆÅ£¸½”õ £¸¢©¸
ˆ½Å 11470 ‰¸¸÷¸¸Ê ˆÅ¸ œ¸º›¸Š¸Ä“›¸ ¢ˆÅ¡¸¸ í¾—
• ¤¸ÿˆÅ¸Ê ˆÅú ¢¨¸¢ž¸››¸ ŠÏ¸íˆÅ ¬¸¿Š¸÷¸ ¡¸¸½]¸›¸¸‚¸Ê ¡¸˜¸¸ Ÿ¸í¸ ]¸ú‡¬¸’ú, Ÿ¸í¸
ˆ¿Å”Æ’£,Ÿ¸í¸ í¸Á¦¬œ¸’¾¢¥¸’ú ¡¸¸½]¸›¸¸‚¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‚÷¡¸¢š¸ˆÅ œÏ¢÷¸¬œ¸š¸úÄ
¤¡¸¸]¸ ™£ ˆ½Å ¬¸¸˜¸ ¢¨¸î¸ ˆÅ¸ ¢¨¸¬÷¸¸£µ¸ ¢ˆÅ¡¸¸ ]¸¸ £í¸ í¾—‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ
]¸ú‡¬¸’ú ¡¸¸½]¸›¸¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢¨¸î¸ú¡¸ ¬¸úŸ¸¸ ˆÅ¸½ ` 3 ˆÅ£¸½”õ ¬¸½ ¤¸[õ¸ˆÅ£
`  10 ˆÅ£¸½”õ ¢ˆÅ¡¸¸ Š¸¡¸¸— ƒ¬¸¬¸½ Ÿ¸í¸]¸ú‡¬¸’ú ¡¸¸½]¸›¸¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ „š¸¸£ú
ˆÅ¸½ 80.25% ¤¸[õ¸ˆÅ£ ` 1276.89 ˆÅ£¸½”õ ˆÅ£›¸½ Ÿ¸Ê Ÿ¸™™ ¢Ÿ¸¥¸ú—
• ¢¨¸¢ž¸››¸ ¢¨¸÷¸£µ¸ \¸¾›¸¥¸¸Ê- ¢ûÅ›¸’½ˆÅ ˆ¿Åœ¸¢›¸¡¸¸Ê ˆ½Å ¬¸¸˜¸ ¬¸¸^¸½™¸£ú,
¬¸í-„š¸¸£ú,\¸¾›¸¥¸ ¢¨¸î¸œ¸¸½«¸µ¸, ‚¸¢™ ‚¸¾£ ‚›¡¸ £µ¸›¸ú¢÷¸¡¸¸Ê ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½
‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ Ÿ¸Ê ‚\Žú ¨¸¼¢Ö í¸¢¬¸¥¸ ˆÅú—
• ¤¸ÿˆÅ ›¸½ "¥¸¸½›¸ ’¾œ¸" (‡›¸¤¸ú‡ûŬ¸ú) ˆ½Å ¬¸¸˜¸ ¬¸í-„š¸¸£ ¨¡¸¨¸¬˜¸¸ ˆ½Å
‚¿÷¸Š¸Ä÷¸ ¢”¢]¸’¥¸ „š¸¸£ú „÷œ¸¸™ ¥¸¸Á›\¸ ¢ˆÅ¡¸¸ í¾ ]¸¸½ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ †µ¸¸Ê ˆÅ¸
‡¿”-’»-‡¿” ¢”¢]¸’¥¸úˆÅ£µ¸ ˆÅ£›¸½ Ÿ¸Ê ¬¸®¸Ÿ¸ ¤¸›¸¸÷¸¸ í¾—
• •¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï ›¸½ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ˆÅ¸½ ‡¿”-’»-‡¿” ¬¸½¨¸¸‡¿ œÏ™¸›¸ ˆÅ£›¸½ ˆ½Å
¢¥¸‡ ¢û¿Å\¸ ˆ¿Åœ¸›¸ú Ÿ¸¾¬¸¬¸Ä ‚÷¡¸¸÷¸ú ’½Æ›¸¸½¥¸¸Á]¸ú]¸ ˆ½Å ¬¸¸˜¸ ’¸ƒ-‚œ¸ ¢ˆÅ¡¸¸
23
v. Liberalised working capital assessment (LWCA) scheme
implemented due to the elongated working capital cycle
of borrowers.
vi. For street vendors, Bank of Maharashtra has extended
loans via PMSVANidhi scheme to revive their business.
Bank’s lending to Micro, Small and Medium Enterprises
increased by 35% as compared to Mar 2020 and recorded
growth of ` 5969 crore in absolute terms. Total MSME advances
of the bank stood at ` 23,132.87 crore as on 31.03.2021.
Bank’s performance in MSME portfolio in FY’21:
S. No Particulars Actual Target
1 % of Micro to Adj. Net Bank 15.94% 7.50%
Credit
2 YOY growth under Micro
Enterprises 66.76% 10%
3 YOY Growth under Micro &
Small enterprises O/s 34.55% 20%
4 Share of Micro against to MSE
O/s 89.90% 60%
4.3.1 MUDRA
Bank is supporting credit needs of small business and non-farm
enterprises engaged in manufacturing, trade and services up
to ` 10 lakh by way of Pradhan Matri Mudra Yojana (PMMY).
During the year ended 31.03.2021 the Bank sanctioned
`  2560.38 crore under PMMY against the target of ` 2375
crore, thereby achieving 107.80% of target.
Other Major Achievements
• Bank has conducted credit outreach programme
from 17.10.2020 to 31.12.2020 during which, loans to
7230 MSME borrowers amounting to ` 2076 cr were
sanctioned and total disbursement was ` 1810 Cr.
During this period, Bank has organized 40 webinars and
185 MSME credit outreach programmes.
• In order to accelerate the growth of MSME advances,
Bank has conducted MAHA MSME MARATHON
CAMPAIGN (M3 Campaign (from 04.01.2021 to
25.02.2021. Overall, ` 2094.54 Cr loans were sanctioned
during the campaign. Against the disbursement target of
` 1500 Cr, bank has achieved disbursement of ` 1796.53
Cr (approx 120%). As part of this M3 campaign, Bank
organised MSME expos, webinars on PAN India basis
to contact MSME enterprises and industry associations.
• Bank has implemented the MSME restructuring
guidelines issued by RBI and has restructured 11470
accounts amounting to ` 861.98 crore during FY’ 2020-
21.
• Finance is being extended with very competitive RoI
under Banks various customized schemes like Maha
GST, Maha Conductor, Maha Hospitality schemes.
Increased the financial limit under MSME GST scheme
from ` 3 Cr to ` 10 Cr. This helped in increasing the
lending under MAHA GST scheme by 80.25% to `
1276.89 Cr.
• Achieved good growth in MSME portfolio through various
delivery channels - partnering with Fintech companies,
Co-lending, channel financing, etc. and other strategies.
• Bank has launched Digital lending products under co-
lending arrangement with “Loan Tap” (NBFC) which
enable end to end digitisation of MSME loans.
• Bank has a tie-up with finch company M/s Atyati
Technologies for providing end to end services to
 Annual Report 2020-21

í¾— ¡¸í ’¸ƒ-‚œ¸ ¬¸»®Ÿ¸ ‚¸¾£ ¥¸‹¸º „Ô¸Ÿ¸¸Ê ˆÅ¸½ ¤¸ÿˆÅ ¬¸º¢¨¸š¸¸‚¸Ê ÷¸ˆÅ ‚¸¬¸¸›¸ú MSMEs. This tie-up would enable micro and small
enterprises to access Bank facilities with ease.
¬¸½ œ¸íº¿\¸ ¤¸›¸¸›¸½ Ÿ¸Ê ¬¸®¸Ÿ¸ ¤¸›¸¸‡Š¸¸—
• Bank has launched Mahabank Channel financing
• ¤¸ÿˆÅ ›¸½ Ÿ¸í¸¤¸ÿˆÅ \¸¾›¸¥¸ ¢¨¸î¸œ¸¸½«¸µ¸ ¡¸¸½]¸›¸¸ ˆÅú ©¸º³Å‚¸÷¸ ˆÅú í¾ ]¸¸½
scheme which meets the credit demands of corporates
ˆÅ¸Á£œ¸¸½£½’ì¸ ‚¸¾£ „›¸ˆ½Å ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ \¸¾›¸¥¸ ž¸¸Š¸ú™¸£¸Ê ˆÅú †µ¸ Ÿ¸¸¿Š¸¸Ê ˆÅ¸½ and their MSME channel partners. Bank has sanctioned
œ¸»£¸ ˆÅ£÷¸ú í¾—¤¸ÿˆÅ ›¸½ ¡¸¸½]¸›¸¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢¨¸¢ž¸››¸ ˆÅ¸Á£œ¸¸½£½’ì¸ ˆ½Å ¢¥¸‡ ` 1345 crore of parents limits to various corporates
œ¸¾£¿’ì¸ ¬¸úŸ¸¸ ˆ½Å ` 1345 ˆÅ£¸½”õ ˆÅú Ÿ¸¿]¸»£ú ™ú— under the scheme.
• ƒÄ-’ú‚¸£ƒÄ”ú‡¬¸ œ¥¸½’ûŸÁŸ¸Ä ˆÅ¸ ¢¨¸ˆÊÅÍúˆÅ£µ¸À œ¸¿¢]¸Ÿ¸ ©¸¸‰¸¸, Š¸¸½¨¸¸ ‚¿\¸¥¸ • Decentralisation of E-TReDS platform: Panjim brach,
ˆÅ¸½ ƒÄ-’ú‚¸£ƒÄ”ú‡¬¸ œ¥¸½’ûŸÁŸ¸Ä ˆ½Å ¢¥¸‡ ‡ˆÅ ›¸‡ ›¸¸½”¥¸ ˆÊÅÍ ˆ½Å ³Åœ¸ Ÿ¸Ê Goa Zone has been added as a new nodal centre for
E-TReDS platform which has resulted into mobilisation
]¸¸½”õ¸ Š¸¡¸¸ í¾, ¢]¸¬¸ˆ½Å œ¸¢£µ¸¸Ÿ¸¬¨¸³Åœ¸ ’ú‚¸£ƒÄ”ú‡¬¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ` 474 of ` 474 crore finance under TReDS.
ˆÅ£¸½”õ ˆÅ¸ ¢¨¸î¸ ¬¸¿ŠÏíµ¸ íº‚¸—
• Bank has designated 50 branches as special MSME
• ¤¸ÿˆÅ ›¸½ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ „Ô¸Ÿ¸¸Ê ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅ¸½ œ¸»£¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ 50 branches, to cater the needs of MSME entrepreneurs.
©¸¸‰¸¸‚¸Ê ˆÅ¸½ ¢¨¸©¸½«¸ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ©¸¸‰¸¸‚¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ›¸¸¢Ÿ¸÷¸ ¢ˆÅ¡¸¸ í¾— • As an organisational transformation initiative, Bank
• ‡ˆÅ ¬¸¿Š¸“›¸¸÷Ÿ¸ˆÅ œ¸¢£¨¸÷¸Ä›¸ œ¸í¥¸ ˆ½Å ³Åœ¸ Ÿ¸Ê, ¤¸ÿˆÅ ›¸½ †µ¸ ¥¸¸ƒûÅ has implements an Enterprise wide Loan Lifecycle
¬¸¸ƒˆÅ¥¸ œÏ¤¸¿š¸›¸ œÏµ¸¸¥¸ú ˆ½Å ¬¨¸\¸¸¥¸›¸ ‚¸¾£ ‚¢ž¸¥¸½‰¸¸Ê/™¬÷¸¸¨¸½]¸¸Ê ˆ½Å Management System (LLMS) for automation of Loan Life
Cycle Management Process and towards digitisation of
¢”¢]¸’¥¸úˆÅ£µ¸ ˆ½Å ¢¥¸‡ ‡ˆÅ „Ô¸Ÿ¸ ¨¸¸ƒ” †µ¸ ¥¸¸ƒûŬ¸¸ƒˆÅ¥¸ œÏ¤¸¿š¸›¸
records/document.
œÏµ¸¸¥¸ú (‡¥¸‡¥¸‡Ÿ¸‡¬¸) ˆÅ¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ¢ˆÅ¡¸¸ í¾—
4.4 Bank’s Exposure to Select Segments
4.4 \¸¡¸¢›¸÷¸ ‰¸¿”¸Ê ˆÅ¸½ ¤¸ÿˆÅ ˆÅ¸ ¢¨¸Š¸¸½œ¸›¸
(` in Crore)
(`ˆÅ£¸½”õ Ÿ¸Ê)
Sr. As on As on % incease
Sector
31.03.2021 31.03.2020 ¨¸¼¢Ö % No. 31.03.2021 31.03.2020 (+/-)
ÇÅ. ®¸½°¸ 1 Micro / SHG Finance 365 217 68.00%
ˆÅ¸½ ˆÅ¸½ (+/-)
1 ¬¸»®Ÿ¸/ ‡¬¸‡\¸]¸ú ¢¨¸î¸ 365 217 68.00% 2 Weaker Section 11,863 10,481 13.19%
2 ˆÅŸ¸]¸¸½£ ¨¸Š¸Ä 11,863 10,481 13.19% 3 SC/ ST Beneficiaries 2,911 2,530 15.07%
3 ‚]¸¸/ ‚]¸]¸¸ ¥¸¸ž¸¸˜¸úÄ 2,911 2,530 15.07% 4 OBC Beneficiaries 7,605 6,661 14.17%
4 ‚¸½¤¸ú¬¸ú ¥¸¸ž¸¸˜¸úÄ 7,605 6,661 14.17% 5 Minority 3,814 3,017 26.40%
Communities
5 ‚¥œ¸¬¸¿‰¡¸ˆÅ ¬¸Ÿ¸º™¸¡¸ 3,814 3,017 26.40%
5. IMPORTANT SCHEMES/ PROJECTS OF THE BANK:
5. ¤¸ÿˆÅ ˆÅú Ÿ¸í÷¨¸œ¸»µ¸Ä ¡¸¸½]¸›¸¸‡¿/œ¸¢£¡¸¸½]¸›¸¸‡¿À 5.1 Credit Flow to Retail Sector
5.1 ¢£’½¥¸ ®¸½°¸ ˆÅ¸½ †µ¸ œÏ¨¸¸í Bank is providing retail loans for salaried persons,
¤¸ÿˆÅ ¨¸½÷¸›¸ž¸¸½Š¸ú ¨¡¸¢Æ÷¸¡¸¸Ê, œ¸½©¸½¨¸£¸Ê, ¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ¸Ê ‚¸¾£ œ¸Ê©¸›¸£¸Ê ˆÅ¸½ ‚¸¨¸¸¬¸ú¡¸ professionals, businessmen and pensioners for purchase of
housing properties/ plots, repair/ renovation of house, purchase
¬¸¿œ¸¢î¸¡¸¸¿/ ]¸Ÿ¸ú›¸ ‰¸£ú™›¸½, ‹¸£ ˆÅú Ÿ¸£ŸŸ¸÷¸/ ›¸¨¸ú›¸úˆÅ£µ¸, „œ¸ž¸¸½Æ÷¸¸ ¨¸¬÷¸º‚¸Ê,
of consumer durables, two/four wheeler vehicles, education
™ºœ¸¢í¡¸¸/ \¸¸£ œ¸¢í¡¸¸ ¨¸¸í›¸ ‰¸£ú™›¸½, ¢©¸®¸¸ ‚¸¾£ ‚›¡¸ ¨¸¾¡¸¢Æ÷¸ˆÅ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê and loan for other personal needs etc. Total Retail portfolio of
‚¸¢™ í½÷¸º ¢£’½¥¸ †µ¸ „œ¸¥¸¤š¸ ˆÅ£¸ £í¸ í¾— 31.03.2021 ˆÅ¸½ ¤¸ÿˆÅ ˆÅ¸ ˆºÅ¥¸ ¢£’½¥¸ the Bank as on 31.03.2021 stood at ` 28,650.93 Crore.
œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ ` 28,650.93 ˆÅ£¸½”õ í¾— (Amt. in ` Crore)
(` ˆÅ£¸½”õ Ÿ¸Ê) Portfolio
Ÿ¸¸\¸Ä 21 ˆÅ¸½ ‡›¸œ¸ú‡ SN Scheme Brief Description as of Mar NPA %
ÇÅ. ¡¸¸½]¸›¸¸ ¬¸¿¢®¸œ÷¸ ¢¨¸¨¸£µ¸ ’21
œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ %
1 Ÿ¸í¸ ¬¸ºœ¸£ ‚¸¨¸¸¬¸ ®¸½°¸ ‡ˆÅ œÏŸ¸º‰¸ ®¸½°¸ í¸½›¸½ 17909.07 2.75 1 Maha Super Housing Sector being the thrust 17,909.07 2.75
‚¸¨¸¸¬¸ ˆ½Å ˆÅ¸£µ¸ ¬¸ž¸ú ‚¸¢˜¸ÄˆÅ ‰¸¿”¸Ê ˆÅú Housing Loan area, Bank has various Housing
†µ¸ œÏ¸¦œ÷¸ í½÷¸º ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ ¢¨¸¢ž¸››¸ Scheme Loan schemes in place to
¡¸¸½]¸›¸¸ ‚¸¨¸¸¬¸ †µ¸ ¡¸¸½]¸›¸¸‡¿ íÿ— meet the needs of all economic
segments.
¤¸ÿˆÅ ``›¸‡/ ¨¸÷¸ÄŸ¸¸›¸ ‚¸¨¸¸¬¸ ˆ½Å
¢›¸Ÿ¸¸Äµ¸/ ‰¸£ú™ú, ¨¸÷¸ÄŸ¸¸›¸ ‹¸£/ Bank offers housing loan for
É¥¸¾’ ˆÅú Ÿ¸£ŸŸ¸÷¸/ ›¸¨¸úˆÅ£µ¸/ “purchase / construction of new
÷¸¤¸™ú¥¸ú, œ¥¸¸Á’ ˆÅú ‰¸£ú™ú ‚¸¾£ / existing house / flat, repairs/
renovation / alteration of existing
„¬¸ œ¸£ ¢›¸Ÿ¸¸Äµ¸'' ˆ½Å ¢¥¸‡ ‚¸¨¸¸¬¸ house / flat, purchase of plot and
†µ¸ œÏ™¸›¸ ˆÅ£÷¸¸ í¾— construction thereon”
2 Ÿ¸í¸¬¸ºœ¸£ ¤¸ÿˆÅ ›¸½ ¨¡¸¢Æ÷¸¡¸¸Ê (18 ¨¸«¸Ä ‚¸¾£ 1799.94 2.43 2 Maha Super Bank has launched schemes for 1,799.94 2.43
ˆÅ¸£ †µ¸ „¬¸¬¸½ ‚¢š¸ˆÅ ‚¸¡¸º) ˆ½Å ¢¥¸‡ Car Loan purchase of New four wheelers
¡¸¸½]¸›¸¸ ¨¸¾¡¸¢Æ÷¸ˆÅ „œ¸¡¸¸½Š¸ (¢ˆÅ£¸¡¸¸/ Scheme and i.e. Car, Jeep, Multi Utility vehicles
‚¸¾£ ¡¸¸°¸ú ‚¸¨¸¸Š¸Ÿ¸›¸ ˆ½Å ¢¥¸‡ ›¸íú¿) Mahabank (MUVs), SUV etc. for personal
Ÿ¸í¸¤¸ÿˆÅ í½÷¸º ›¸‡ ûŸ½£ ¨íú¥¸£ ¡¸˜¸¸ ˆÅ¸£, vehicle Loan use (i.e. not for hiring/ferrying
¨¸¸í›¸ †µ¸ ]¸úœ¸, Ÿ¸¥’ú ¡¸»¢’¢¥¸’ú ¨¸½¢íˆÅ¥¸ scheme passengers) for individuals (18
¡¸¸½]¸›¸¸ (‡Ÿ¸¡¸»¨¸ú), ‡¬¸¡¸»¨¸ú ˆ½Å ‰¸£ú™ú ˆ½Å years and above).
¢¥¸‡ ¡¸¸½]¸›¸¸‡¿ ‚¸£¿ž¸ ˆÅú—

24
Jeeef<e&keÀ efjHeesì& 2020-21
ÇÅ. ¡¸¸½]¸›¸¸ ¬¸¿¢®¸œ÷¸ ¢¨¸¨¸£µ¸
3 Ÿ¸¸Á”¥¸ ¤¸ÿˆÅ ‚¸ƒÄ¤¸ú‡ ˆ½Å ¢™©¸¸¢›¸™½©Ä ¸¸Ê ˆ½Å
¢©¸®¸¸ †µ¸ ‚›¸º¬¸¸£ Ÿ¸¸Á”¥¸ ¢©¸®¸¸ †µ¸ ¡¸¸½]¸›¸¸
¡¸¸½]¸›¸¸ ˆÅ¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆÅ£÷¸¸ í¾ ‚¸¾£ ž¸¸£÷¸
‡¨¸¿ ¢¨¸™½©¸ Ÿ¸Ê „\\¸ ¢©¸®¸¸/ ‚š¡¸¡¸›¸
œÏ¸œ÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¬¸ž¸ú Ÿ¸½š¸¸¨¸ú ‡¨¸¿
¡¸¸½Š¡¸ Ž¸°¸¸Ê ˆÅ¸½ ^¸¿^¸’Ÿ¸ºÆ÷¸ ¢©¸®¸¸ †µ¸
œÏ™¸›¸ ˆÅ£÷¸¸ í¾—
4 ¬¨¸ ¤¸ÿˆÅ ׸£¸ ¬¨¸ ‚¢š¸ˆ¼Å÷¸ ¬¸¿œ¸¢î¸¡¸¸Ê
‚¢š¸ˆ¼Å÷¸ ˆ½Å ¤¸™¥¸½ †µ¸ ˆÅú ©¸º³Å‚¸÷¸ ˆÅú í¾
¬¸¿œ¸¢î¸¡¸¸Ê ˆ½Å ¢]¸¬¸ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¬¸¿œ¸¢î¸ ˆ½Å ¤¸™¥¸½
¤¸™¥¸½ †µ¸ „š¸¸£ˆÅ÷¸¸Ä ˆÅ¸½ †µ¸ œÏ™¸›¸ ¢ˆÅ¡¸¸
]¸¸÷¸¸ í¾— ƒ¬¸ †µ¸ ˆÅ¸ ‚¿¢÷¸Ÿ¸
„Ó½©¡¸ ¢¨¸¢ž¸››¸ ¨¡¸¢Æ÷¸Š¸÷¸
‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ¡¸˜¸¸ ¤¸\\¸¸Ê ˆÅú
œ¸[õ¸ƒÄ, ¤¸\\¸¸Ê ˆÅú ©¸¸™ú, ¢\¸¢ˆÅ÷¬¸¸
„œ¸\¸¸£, ¡¸¸°¸¸ / ™¸¾£¸ ¨¡¸¡¸, ¨¸¸í›¸
¡¸¸ í¸ƒÄ-’½ˆÅ Š¸¾]¸½’ ˆÅú ‰¸£ú™, ‚›¡¸
‹¸£½¥¸» ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ‚¸¢™ ˆÅú
œ¸»¢÷¸Ä ˆÅ£›¸¸ í¾—
5 Ÿ¸í¸¤¸ÿˆÅ Ÿ¸¸¾]¸»™¸ ‚¸¨¸¸¬¸ †µ¸ „š¸¸£ˆÅ÷¸¸Ä
’¸Áœ¸ ‚œ¸ ˆÅ¸½ ‚¢÷¸¢£Æ÷¸ †µ¸ ¬¸í¸¡¸÷¸¸
†µ¸ œÏ™¸›¸ ˆÅ£›¸½ ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ ’¸Áœ¸-
¡¸¸½]¸›¸¸ ‚œ¸ †µ¸ ˆÅú ‚¢÷¸¢£Æ÷¸ ¬¸º¢¨¸š¸¸ ˆ½Å
¬¸¸˜¸ ‚›¡¸ ¤¸ÿˆÅ¸Ê ˆ½Å Ÿ¸¸¾]¸»™¸ ‚¸¨¸¸¬¸
†µ¸ ˆÅ¸ ‚¢š¸ŠÏíµ¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡
¤¸ÿˆÅ ›¸½ ``Ÿ¸í¸¤¸ÿˆÅ ’¸Áœ¸ ‚œ¸ †µ¸
¡¸¸½]¸›¸¸'' ©¸º³Å ˆÅú í¾—
ƒ¬¸ ¡¸¸½]¸›¸¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‹¸£ ˆÅú
Ÿ¸£ŸŸ¸÷¸ / ›¸¨¸ú›¸úˆÅ£µ¸ / ¬¸¸]¸-
¬¸]]¸¸, ¤¸\\¸¸Ê ˆÅú ¢©¸®¸¸, ¤¸\\¸¸Ê ˆÅú
©¸¸™ú, ¢\¸¢ˆÅ÷¬¸¸ „œ¸\¸¸£, ¨¸¸í›¸
¡¸¸ í¸ƒÄ-’½ˆÅ Š¸¾]¸½’ì¸ ‰¸£ú™›¸½ ‚¸¾£
‚›¡¸ ‹¸£½¥¸» ]¸³Å£÷¸¸Ê ‚¸¢™ ˆ½Å
¢¥¸‡ †µ¸ ¢™¡¸¸ ]¸¸÷¸¸ í¾—
6 Ÿ¸í¸¤¸ÿˆÅ ¨¸¾¡¸¢Æ÷¸ˆÅ ‰¸\¸¸½ô ˆÅú œ¸»¢÷¸Ä í½÷¸º
¬¨¸µ¸Ä †µ¸ ]¸³Å£÷¸¸Ê ˆÅ¸½ œ¸»£¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡,
¡¸¸½]¸›¸¸ ¢]¸¬¸Ÿ¸Ê ©¸¸™ú, „\\¸ ¢©¸®¸¸,
¢\¸¢ˆÅ÷¬¸¸ ‚¸œ¸¸÷¸ ¦¬˜¸¢÷¸, ‚¸¾£
¨¡¸¸œ¸¸£ ¡¸¸°¸¸ ƒ÷¡¸¸¢™ ]¸¾¬¸ú ¢¨¸¢ž¸››¸
]¸³Å£÷¸¸Ê ˆ½Å ¢¥¸‡ ¨¸¾¡¸¢Æ÷¸ˆÅ ¨¡¸¡¸
©¸¸¢Ÿ¸¥¸ íÿ, ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ "Ÿ¸í¸¤¸ÿˆÅ
Š¸¸½¥” ¥¸¸½›¸ ¡¸¸½]¸›¸¸" ˆ½Å ³Åœ¸ Ÿ¸Ê ‡ˆÅ
‰¸º™£¸ †µ¸ „÷œ¸¸™ í¾—
7 Ÿ¸í¸¤¸ÿˆÅ ퟸ¸£½ Ÿ¸¸¾]¸»™¸ œ¸Ê©¸›¸ ‰¸¸÷¸¸š¸¸£ˆÅ¸Ê
‚¸š¸¸£ ˆ½Å ¨¸¾¡¸¢Æ÷¸ˆÅ ‰¸\¸¸½,ô ÷¸ú˜¸Ä¡¸¸°¸¸,
†µ¸ ¢\¸¢ˆÅ÷¬¸¸ ‚¸¾£ ‹¸£½¥¸» ]¸³Å£÷¸¸Ê ‚¸¢™
¡¸¸½]¸›¸¸ ˆÅ¸½ œ¸»£¸ ˆÅ£›¸½ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê
ˆÅú œ¸»¢÷¸Ä ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ``Ÿ¸í¸¤¸ÿˆÅ
‚¸š¸¸£ †µ¸ ¡¸¸½]¸›¸¸'' œÏ™¸›¸ ˆÅ£÷¸¸
í¾—
5.2 †µ¸¸Ê ˆÅú ˆÊÅÍúˆ¼Å÷¸ œÏ¸½¬¸½¢¬¸¿Š¸
¤¸ÿˆÅ ›¸½ ¬¸Ÿ¸¡¸¤¸Ö †µ¸ ˆ½Å ¢¥¸‡ ’ú‡’ú Ÿ¸Ê ¬¸ºš¸¸£ í½÷¸º ‚œ¸›¸½ ¬¸ž¸ú ‚¿\¸¥¸¸Ê Ÿ¸Ê
¨¸¸¢µ¸¦]¡¸ˆÅ ‚¢ŠÏŸ¸¸Ê ˆÅú œÏ¸½¬¸½¢¬¸¿Š¸ ‚¸¾£ Ÿ¸¿]¸»£ú í½÷¸º ˆÊÅÍúˆ¼Å÷¸ œÏ¸½¬¸½¢¬¸¿Š¸ ˆÅ®¸¸Ê
(¬¸úœ¸ú¬¸ú) ˆÅú ¬˜¸¸œ¸›¸¸ ˆÅú í¾—
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 Ÿ¸Ê œ¸ºµ¸½ ‚¨¸¦¬˜¸÷¸ ¬¸ž¸ú ¬¸úœ¸ú¬¸ú ¢£’½¥¸ ¡¸˜¸¸ œ¸ºµ¸½ ©¸í£, œ¸ºµ¸½
œ¸»¨¸Ä ‚¸¾£ œ¸ºµ¸½ œ¸¢ä¸Ÿ¸ ¢£’½¥¸ ˆÅ¸½ ¢Ÿ¸¥¸¸ˆÅ£ ‡ˆÅ Ÿ¸í¸ ¤¸ÿˆÅ ¢£’½¥¸ œ¨¸¸Áƒ¿’ ¤¸›¸¸¡¸¸ Š¸¡¸¸
í¾ ÷¸¸¢ˆÅ œ¸ºµ¸½ ˆ½Å Ÿ¸¾œ” ©¸¸‰¸¸‚¸Ê ‚¸¾£ œÏ÷¡¸¸¡¸¸½¢]¸÷¸ Ÿ¸¿]¸»£ú ‚¢š¸ˆÅ¸£¸Ê ¬¸½ ‚¢š¸ˆÅ ˆ½Å
¢¥¸‡ ‚›¸Ÿ¸¾œ¸ ©¸¸‰¸¸‚¸Ê ˆ½Å ¬¸ž¸ú ¤¸¿š¸ˆÅ ‚¸š¸¸¢£÷¸ †µ¸¸Ê ˆÅú œÏ¸½¬¸½¢¬¸¿Š¸ ‡ˆÅ íú ¬˜¸¸›¸
œ¸£ ˆÅú ]¸¸ ¬¸ˆ½Å— ƒ¬¸ú œÏˆÅ¸£, Ÿ¸º¿¤¸ƒÄ ©¸í£ ‚¸¾£ Ÿ¸º¿¤¸ƒÄ „œ¸›¸Š¸£ ˆÅ¸½ ¢Ÿ¸¥¸¸ˆÅ£ ‡ˆÅ Ÿ¸í¸
¤¸ÿˆÅ ¢£’½¥¸ œ¨¸¸Áƒ¿’ ¤¸›¸¸¡¸¸ Š¸¡¸¸ í¾—
(` ˆÅ£¸½”õ Ÿ¸Ê) (Amt. in ` Crore)
Ÿ¸¸\¸Ä 21 ˆÅ¸½ ‡›¸œ¸ú‡ Portfolio
œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ % SN Scheme Brief Description as of Mar NPA %
1287.66 4.32 ’21
3 Model Bank is implementing Model 1,287.66 4.32
Education Education Loan Scheme as per
Loan Scheme IBA guidelines and provides
hassle free Education loan to
all meritorious and deserving
students for pursuing higher
studies /education in India and
911.15 1.81 abroad.
4 Loan Against Bank has introduced Loan Against 911.15 1.81
Self-Occupied Self-Occupied Property in which
Property loan is given to the borrower
against the property. The end use
of the loan is for meeting varied
personal needs like Children's
Education, marriage of children,
medical treatment, travel/ tour
expenses, buying vehicle or hi-
tech gadgets, other domestic
needs etc.
425.15 1.04 5 Mahabank In order to extend additional 425.15 1.04
Top up Loan credit support to existing housing
Scheme loan borrower as well takeover
of existing housing loans of
other banks with additional
facility of Top-up Loan. Bank has
launched “Mahabank Top Up
loan Scheme”.
Under this scheme credit is
extended for repair / renovation
/ furnishing of house, children’s
education, marriage of children,
medical treatment, buying a
vehicle or hi-tech gadgets and
other domestic needs etc.
6 Mahabank To cater to the needs of meeting 1,939.38 0.30
Gold Loan personal expenses, whatsoever
1939.38 0.30 Scheme which include personal
expenditure for varied needs
like marriage, higher education,
medical emergencies, and
business travel etc., Bank has a
retail loan product as “Mahabank
Gold Loan Scheme”.
7 Mahabank To cater to the needs 596.76 0.98
Aadhar of our existing pension
596.76 0.98 Loan account holders in meeting
Scheme their personal expenses,
pilgrimage, medical and
domestic needs etc. Bank
offers “Mahabank Aadhar
Loan Scheme”.
5.2. Centralized Processing of loans
Bank has established Centralised Processing Cells (CPCs)
for processing and sanctioning of commercial and retail
advances at all its zones to improve the turnaround time (TAT)
in facilitating timely credit.
In the financial year 2020-21 all three Pune based CPC
Retail i.e. Pune City, Pune East and Pune West CPCs were
merged into one Maha Bank Retail Point for processing all the
mortgaged based loans in Pune at a single place for mapped
branches and above the delegated sanctioning powers of
unmapped branches. Similarly, Mumbai City & Mumbai Suburb
are also merged into one Maha Bank Retail Point.
25

5.3 ׸£ œ¸£ (”¸½£ ¬’½œ¸) ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸½¨¸¸‡¿
¤¸ÿˆÅ ׸£¸ ‚œ¸›¸ú 555 ©¸¸‰¸¸‚¸Ê ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ œ¸í\¸¸›¸ ¢ˆÅ‡ Š¸‡ 100 ©¸í£¸Ê Ÿ¸Ê
‚œ¸›¸½ ¢£’½¥¸ ŠÏ¸íˆÅ¸Ê ˆ½Å ¢¥¸‡ ׸£ œ¸£ ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸½¨¸¸‡¿ „œ¸¥¸¤š¸ ˆÅ£¸ƒÄ ]¸¸ £íú íÿ—
¬¸½¨¸¸‚¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢¨¸î¸ú¡¸ ¬¸¿¨¡¸¨¸í¸£ ¡¸˜¸¸ ›¸ˆÅ™ú ‚¸í£µ¸, Š¸¾£ ¢¨¸î¸ú¡¸ ¬¸¿¨¡¸¨¸í¸£
]¸¾¬¸½ ¢ˆÅ ‰¸¸÷¸¸ ¢¨¸¨¸£µ¸, ’ú”ú‡¬¸ œÏŸ¸¸µ¸œ¸°¸/ ûŸŸ¸Ä 16 œ¸íº¿\¸¸›¸½ ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ \¸½ˆÅ,
15]¸ú/ ‡\¸ ûŸÁŸ¸Ä, ¬’ÿ¢”¿Š¸ ƒ¿¬’ïˆÅ©¸›¸, ]¸ú¨¸›¸ œÏŸ¸¸µ¸œ¸°¸ ‚¸¢™ œ¸úˆÅ-‚œ¸ ¬¸º¢¨¸š¸¸
©¸¸¢Ÿ¸¥¸ í¾— ˆÅ¸½¢¨¸”-19 Ÿ¸í¸Ÿ¸¸£ú ˆÅú ¦¬˜¸¢÷¸ ˆÅ¸½ ™½‰¸÷¸½ íº‡ ŠÏ¸íˆÅ¸Ê ׸£¸ ׸£ œ¸£
Ÿ¸»¥¸ž¸»÷¸ ¢¨¸î¸ú¡¸ ‚¸¾£ Š¸¾£-¢¨¸î¸ú¡¸ ¬¸½¨¸¸‚¸ÊˆÅú ¤¸íº÷¸ ¬¸£¸í›¸¸ ˆÅú Š¸ƒÄ í¾—
5.4 ¨¸¾ˆÅ¦¥œ¸ˆÅ ¨¡¸¨¸¬¸¸¡¸ Ÿ¸¸š¡¸Ÿ¸
5.4.1 ƒ¿’£›¸½’
1. ¢œ¸Ž¥¸½ ¨¸«¸Ä ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê ƒ¬¸ ¨¸«¸Ä ƒ¿’£›¸½’ ¤¸ÿ¢ˆ¿ÅŠ¸ „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä‚¸Ê Ÿ¸Ê
6.82% ˆÅú ¨¸¼¢Ö íºƒÄ— 31.03.2021 ˆ½Å ‚›¸º¬¸¸£ ƒ¿’£›¸½’ ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸º¢¨¸š¸¸
ˆ½Å ¢¥¸‡ ˆºÅ¥¸ 15.31 ¥¸¸‰¸ ŠÏ¸íˆÅ¸Ê ›¸½ ›¸¸Ÿ¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸—
2. ‚¸ƒÄ¤¸ú „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä‚¸Ê ˆ½Å ¢¥¸‡ Ÿ¸í¸¢¬¸Æ¡¸¸½£ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ›¸½’ ¬¸º£®¸¸ Ÿ¸Ê
¨¸¼¢Ö ‚¸¾£ ¥¸Š¸¸÷¸¸£ ‚›¸º¨¸÷¸Ä›¸ ˆ½Å ûÅ¥¸¬¨¸²Åœ¸ „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä‚¸Ê ˆÅú ¬¸¿‰¡¸¸/
‚¸Á›¸¥¸¸ƒÄ›¸ ¬¸¿¨¡¸¨¸í¸£¸Ê Ÿ¸Ê „¥¥¸½‰¸›¸ú¡¸ ¨¸¼¢Ö í¸½›¸½ ˆÅú ‚œ¸½®¸¸ í¾—
3. ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ƒ¿’£›¸½’ ¤¸ÿ¢ˆ¿ÅŠ¸ Ÿ¸Ê ‚¢š¸ˆÅ ŠÏ¸íˆÅ ƒÄ]¸ ‚¸¾£ ¬¸º¢¨¸š¸¸ ˆÅ¸½ ¢¥¸‡
‚¢÷¸¢£Æ÷¸ 5 ¬¸½¨¸¸‚¸Ê ÷¸˜¸¸ 39 ˆÅ¸¡¸Ä®¸Ÿ¸÷¸¸‚¸Ê ˆÅ¸½ ]¸¸½”õ¸ Š¸¡¸¸ í¾—
5.4.2 Ÿ¸¸½¤¸¸ƒ¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸ À
1. ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ 63.91% Ÿ¸¸½¤¸¸ƒ¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸ „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä‚¸Ê Ÿ¸Ê ¨¸¼¢Ö íºƒÄ—
31.03.2021 ˆÅ¸½ ˆºÅ¥¸ œ¸¿]¸úˆ¼Å÷¸ „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä‚¸Ê ˆÅú ¬¸¿‰¡¸¸ 13.64 ¥¸¸‰¸
í¾—
2. œ¸¿]¸úˆÅ£µ¸ Ÿ¸Ê ¨¸¼¢Ö í½÷¸º Ÿ¸í¸Ÿ¸¸½¤¸¸ƒ¥¸ ˆÅ¸¡¸Ä œÏµ¸¸¥¸ú ˆÅ¸½ 5 ¬¸½¨¸¸‚¸Ê ÷¸˜¸¸ 42
ˆÅ¸¡¸Ä®¸Ÿ¸÷¸¸‚¸Ê ˆ½Å ¬¸¸˜¸ ŠÏ¸íˆÅ „›Ÿ¸º‰¸ ‡¨¸¿ ¬¸£¥¸úˆ¼Å÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
6. ¢›¸Š¸¢Ÿ¸÷¸ ¬¸¸Ÿ¸¸¢]¸ˆÅ ™¸¢¡¸÷¨¸ À
ŠÏ¸Ÿ¸úµ¸ ›¸¸Š¸¢£ˆÅ¸Ê, ˆÅŸ¸]¸¸½£ ¨¸Š¸¸½ô, ¨¸¿¢\¸÷¸¸Ê ˆ½Å „÷˜¸¸›¸ ÷¸˜¸¸ ¬¸¸Ÿ¸¸¢]¸ˆÅ-‚¸¢˜¸ÄˆÅ
¢¨¸ˆÅ¸¬¸ Ÿ¸Ê ¡¸¸½Š¸™¸›¸ ™½›¸½ ˆÅú ¬¸¢™¡¸¸Ê œ¸º£¸›¸ú œ¸£¿œ¸£¸ ˆÅú ¢¨¸£¸¬¸÷¸ ˆÅ¸ œ¸¸¥¸›¸ ˆÅ£÷¸½ íº‡
¤¸ÿˆÅ ›¸½ ¬¸£ˆÅ¸£ ¬¸½ ¬¸¿¤¸Ö ¢¨¸¢ž¸››¸ Š¸¢÷¸¢¨¸¢š¸¡¸¸¿ ¬¸¿œ¸¸¢™÷¸ ˆÅú¿— ¡¸˜¸¸À
• ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ˆÅ¸½ ¬¸í¡¸¸½Š¸ À ¤¸ÿˆÅ ׸£¸ ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ˆÅ¸½ ¬¸í¡¸¸½Š¸ œÏ™¸›¸ ˆÅ£›¸½
í½÷¸º Ÿ¸£¸“¸ \¸Ê¤¸£ ‚¸ÁûÅ ˆÅ¸ÁŸ¸¬¸Ä, „Ô¸¸½Š¸ ¨¸ ˆ¼Å¢«¸ (‡Ÿ¸¬¸ú¬¸ú‚¸ƒÄ‡) ׸£¸ Š¸¢“÷¸
``‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ ˆ½Å ¢¥¸‡ ¢¨¸î¸'' œ¸£ ‚¸Á›¸¥¸¸ƒ›¸ ˆÅ¸¡¸ÄÇÅŸ¸ ˆÅ¸ ‚¸¡¸¸½]¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—
• œ¸¡¸¸Ä¨¸£µ¸ ‚›¸ºˆ»Å¥¸ œ¸í¥¸¸Ê ˆÅ¸½ ¤¸[õ¸¨¸¸ À ¢©¸®¸¸ ¬¸¿¬˜¸¸›¸¸Ê Ÿ¸Ê ]¸¥¸ ¬¸¿\¸¡¸›¸ œÏµ¸¸¥¸ú
ˆÅú ©¸º³Å‚¸÷¸ ˆÅú Š¸ƒÄ—
• ¢©¸®¸¸ ˆÅ¸ ¬¸¿¨¸š¸Ä›¸ À ¤¸ÿˆÅ ›¸½ œ¸º¥¸Š¸¸¿¨¸ ˆ½Å ¢©¸®¸¸ ˆ½Å›Í¸Ê ˆ½Å ¢¥¸‡ œ¸º¬÷¸ˆÊÅ ‡¨¸¿
œÏ]¸½Æ’£ „œ¸¥¸¤š¸ ˆÅ£¸¡¸¸, ¢¨¸¢ž¸››¸ ¬ˆ»Å¥¸¸Ê ‚¸¾ˆÅ ˆÅ¸Á¥¸½]¸¸Ê Ÿ¸Ê £¸«’ïú¡¸ ¨¸ ‚¿÷¸£¸Ä«’ïú¡¸
¨¸½¤¸ ¬¸ŸŸ¸½¥¸›¸ ˆÅ¸½ œÏ¸¡¸¸½¢]¸÷¸ ¢ˆÅ¡¸¸ ÷¸˜¸¸ ´¦«’¤¸¸¢š¸÷¸ Ž¸°¸¸Ê ˆ½Å ¢¥¸‡ ¢©¸®¸¸ ¬¸¸Ÿ¸¸›¸
„œ¸¥¸¤š¸ ˆÅ£¸¡¸¸—
• ˆÅ¸½¢¨¸” - 19 ¬¸½ Ÿ¸ºˆÅ¸¤¸¥¸¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ í¸˜¸ ¤¸[õ¸¡¸¸ À ¤¸ÿˆÅ ˆ½Å ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ›¸½
¢¨¸¢ž¸››¸ £¸]¡¸¸Ê ˆ½Å ¢¥¸‡ œ¸ú‡Ÿ¸ ˆ½Å¡¸¬¸Ä û¿Å” Ÿ¸Ê ` 5.00 ˆÅ£¸½”õ ÷¸˜¸¸ ¬¸ú‡Ÿ¸ ˆ½Å¡¸¬¸Ä û¿Å”
Ÿ¸Ê ` 1.66 ˆÅ£¸½”õ ™¸›¸ ¢ˆÅ¡¸¸— ¤¸ÿˆÅ ›¸½ ™½©¸ ˆ½Å ¢¨¸¢ž¸››¸ ¬˜¸¸›¸¸Ê Ÿ¸Ê ˆÅ¸½£¸½›¸¸ ¨¸¸¢£¡¸¬¸Ä
¡¸˜¸¸ Ÿ¸½¢”ˆÅ¥¸ ¬’¸ûÅ, œ¸º¢¥¸¬¸ ‡¨¸¿ ¬¸¾¢›¸’¸ƒ]¸½©¸›¸ ˆÅ¢Ÿ¸Ä¡¸¸Ê ˆ½Å ¤¸ú\¸ ¬¸¾¢›¸’¸ƒ]¸½¬¸›¸
¢ˆÅ’, û»Å” œ¸¾ˆ½Å’ ‚¸¾£ œ¸½¡¸ ]¸¥¸ ¢¨¸÷¸¢£÷¸ ¢ˆÅ¡¸¸—
ŠÏ¸Ÿ¸úµ¸ ¢¨¸ˆÅ¸¬¸ ‚¸¾£ Ÿ¸¢í¥¸¸ ¬¸©¸¢Æ÷¸ˆÅ£µ¸À
¤¸ÿˆÅ ׸£¸ ŠÏ¸Ÿ¸úµ¸ ¢¨¸ˆÅ¸¬¸ ˆÊÅÍ (‚¸£”ú¬¸ú) ÷¸˜¸¸ ¤¸ÿˆÅ ˆ½Å ™¸½ ’﬒¸Ê ¡¸˜¸¸-Ÿ¸í¸¤¸ÿˆÅ
ˆ¼Å¢«¸ ‚›¸º¬¸¿š¸¸›¸ ¨¸ ŠÏ¸Ÿ¸úµ¸ ¢¨¸ˆÅ¸¬¸ ûŸ„¿”½©¸›¸ (Ÿ¸¸£”½ûÅ) ‚¸¾£ ŠÏ¸Ÿ¸úµ¸ Ÿ¸¢í¥¸¸ ¨¸
¤¸¸¥¸ˆÅ ¢¨¸ˆÅ¸¬¸ Ÿ¸¿”¥¸ (]¸ú‡Ÿ¸¤¸ú¨¸ú‡Ÿ¸) ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ˆ¼Å¢«¸, ŠÏ¸Ÿ¸úµ¸ ¢¨¸ˆÅ¸¬¸ ÷¸˜¸¸
Ÿ¸¢í¥¸¸ ¬¸©¸Æ÷¸úˆÅ£µ¸ ˆ½Å ®¸½°¸ Ÿ¸Ê ¢¨¸¢ž¸››¸ ¬¸¸Ÿ¸¸¢]¸ˆÅ Š¸¢÷¸¢¨¸¢š¸¡¸¸¿ ‚¸¡¸¸½¢]¸÷¸ ˆÅú ]¸¸
£íú íÿ.
26
Annual Report 2020-21
5.3 Door Step Banking Services
Bank is providing Door Step Banking Services for its retail
customers in 100 identified cities through its 555 branches. The
services include financial transactions like cash withdrawal.
Non-financial transactions like delivery of account statement
and TDS certificate/ Form 16 as well as pickup services of
cheque, 15 G/H form, standing instructions, life certificate etc
are also made available. Looking at the Covid-19 pandemic the
basic financial and non-financial services at doorstep has been
widely appreciated by customers.
5.4 Alternate Delivery Channels
5.4.1 Internet Banking
1. There was an increase of 6.82% in Internet Banking
users over the previous year. As of 31.03.2021 total
15.31 lakh total customers were enrolled for internet
banking facility .
2. With continuous follow up and increase in net security
through the Mahasecure for IB users, substantial rise in
users/online transactions is expected.
3. In the internet Banking, additional 5 services and 39
functionalities were added during the year for more
customer ease and convenience.
5.4.2 Mobile Banking
1. Mobile Banking users increased by 63.91% during
the year. Total enrolled uses were 13.64 lakhs as on
31.03.2021.
2. Maha Mobile functionality has been customized
and simplified with addition of 5 services and 42
functionalities for increasing enrolments.
6. CORPORATE SOCIAL RESPONSIBILITY
Following the legacy of the age-old tradition of contributing to
socio-economic development & upliftment of underprivileged,
weaker sections and rural citizens, Bank undertook varied
activities aligned to Govt. guidelines viz.:
Helping MSMEs: Bank organized Online event on “Finance
for MSMEs” organized by Mahratta Chamber of Commerce,
Industries & Agriculture (MCCIA) for helping out the MSMEs
Promoting eco-friendly initiatives: Installation of Water
Harvesting System in educational institutions
Promotion of Education: Bank provided books and projector
for study center at Pulgaon, sponsored International & National
Web conference in various schools and colleges and provided
study materials to the visually challenged students.
Helping Hand in Combating Covid-19: Bank’s employees
donated ` 5.00 Crore to PM CARES Fund and ` 1.66 Crore to
CM CARES Funds of several states. At different places across
the country the Bank distributed sanitization kits, food packets
and drinking water to the Corona warriors like medical staff,
police personnel and sanitization workers.
Rural Development & Women Empowerment:
Bank is undertaking various social activities through Rural
Development Centre (RDCs) and two trusts of Bank i.e.
Mahabank Agricultural Research and Rural Development
Foundation (MARDEF) and Gramin Mahila Va Balak
Vikas Mandal (GMBVM) in the areas of Agriculture, Rural
development & women empowerment.
Jeeef<e&keÀ efjHeesì& 2020-21
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Ÿ¸¸š¡¸Ÿ¸ ¬¸½ Š¸¢÷¸¢¨¸¢š¸¡¸¸¿-
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÷¸º¥¸›¸¸ Ÿ¸Ê 3698 œÏ¢©¸®¸µ¸¸¢˜¸Ä¡¸¸Ê ˆÅ¸½ ƒÄ”úœ¸ú‚¸¾£ ˆÅ¸¾©¸¥¸ ‚¸š¸¸¢£÷¸
œÏ¢©¸®¸µ¸ œÏ™¸›¸ ¢ˆÅ¡¸¸—
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Š¸‡, 81.16% ˆÅ¸ ¬¸½’½¥¸Ÿ¸Ê’ ‚›¸ºœ¸¸÷¸ œÏ™¢©¸Ä÷¸ íº‚¸; ǽŢ”’
¢¥¸¿ˆ½Å]¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ 62.14% „œ¸¥¸¦¤š¸ œÏ™¢©¸Ä÷¸ ˆÅ£÷¸½ íº‡
1901 ƒˆÅ¸ƒÄ¡¸¸¿ ǽŢ”’ ¢¥¸¿ˆÅ í¸½ \¸ºˆÅú íÿ—
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¢ˆÅ¡¸¸, ¢]¸¬¸Ÿ¸Ê 4394 ¢ˆÅ¬¸¸›¸¸Ê ˆÅ¸½ ¢¨¸¢ž¸››¸ ‚¸š¸º¢›¸ˆÅ ˆ¼Å¢«¸
œÏ¸¾Ô¸¸½¢Š¸¢ˆÅ¡¸¸Ê œ¸£ ¢¨¸©¸½«¸ œÏ¢©¸®¸µ¸ œÏ™¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—
 ‚¸£”ú¬¸ú ¢ž¸Š¸¨¸µ¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¢ˆÅ¬¸¸›¸¸Ê ˆ½Å ¥¸¸ž¸ ˆ½Å ¢¥¸‡ ¢Ÿ¸’Ã’ú
‚¸¾£ œ¸¸›¸ú ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸,
2625 ¢Ÿ¸’Ã’ú ‚¸¾£ œ¸¸›¸ú ˆ½Å ›¸Ÿ¸»›¸¸Ê ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£
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 774 ¢¨¸î¸ú¡¸ ¬¸¸®¸£÷¸¸ ¢©¸¢¨¸£ ‚¸¡¸¸½¢]¸÷¸ ¢ˆÅ‡ Š¸‡, ¢]¸¬¸Ÿ¸Ê 46597
œÏ¢÷¸ž¸¸¢Š¸¡¸¸Ê ˆÅ¸½ ¤¸ÿ¢ˆ¿ÅŠ¸, ¢”¢]¸’¥¸ ¬¸¿¨¡¸¨¸í¸£, ¡¸»œ¸ú‚¸ƒÄ, ž¸úŸ¸ ‡½œ¸
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œ¸ú‡Ÿ¸‡¬¸¤¸ú¨¸¸ƒÄ, ‡œ¸ú¨¸¸ƒÄ‚¸¢™ ˆ½Å ¢¥¸‡ œÏ¢©¸¢®¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—
Š¸) ‚›¡¸ Š¸¢÷¸¢¨¸¢š¸¡¸¸¿À -
 Ÿ¸í¸¤¸ÿˆÅ ‡¬¸‡\¸]¸ú £¸í÷¸ ¡¸¸½]¸›¸¸- ˆÅ¸½¢¨¸”-19 Ÿ¸í¸Ÿ¸¸£ú ˆÅú
¦¬˜¸¢÷¸ ˆ½Å œÏž¸¸¨¸¸Ê ˆÅ¸½ ™½‰¸÷¸½ íº‡ ÷¸÷ˆÅ¸¥¸ ©¸º³Å ˆÅú Š¸ƒÄ ˜¸ú ÷¸¸¢ˆÅ
¢›¸¡¸¢Ÿ¸÷¸ ³Åœ¸ ¬¸½ \¸ºˆÅ¸¾÷¸ú ˆÅ£›¸½ ¨¸¸¥¸½ ‡¬¸‡\¸]¸ú ˆÅ¸½ ` 1.00 ¥¸¸‰¸
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(]¸ú‡Ÿ¸¨¸ú¤¸ú‡Ÿ¸) ÷¸˜¸¸ ‚¸£¬¸½’ú ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¢¬¸÷¸¿¤¸£ 2020
ˆÅú ``œ¸¸½«¸µ¸ Ÿ¸¸í'' ˆ ½Å³Åœ¸ Ÿ¸½¿ ‚¸¡¸¸½¢]¸÷¸ ¢ˆÅ¡¸¸ ¢]¸¬¸Ÿ¸½¿ ¤¸ÿˆÅ ›¸½
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‚¨¸¸”Ä œÏ¸œ÷¸ íº‚¸—
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÷¸º¥¸›¸¸ Ÿ¸½¿ 21,803 ‡¬¸‡\¸]¸ú (£¸¢©¸ ` 283.74 ˆÅ£¸½”õ)
¢›¸¢Ÿ¸Ä÷¸ ‚¸¾£ ǽŢ”’ ¢¥¸¿ˆÅ ¢ˆÅ‡ Š¸‡—
 ¤¸ÿˆÅ ›¸½ ©¸¸‰¸¸‚¸½¿, ¤¸ú¬¸ú ‚¸¾£ ‚›¡¸ ¢”¢]¸’¥¸ Ÿ¸¸½”ì¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½
¬¸£ˆÅ¸£ ˆÅú ¬¸¸Ÿ¸¸¢]¸ˆÅ ¬¸º£®¸¸ ¡¸¸½]¸›¸¸‚¸½¿ ¡¸˜¸¸ œ¸ú‡Ÿ¸]¸½]¸½¤¸ú¨¸¸¡¸,
œ¸ú‡Ÿ¸‡¬¸¤¸ú¨¸¸¡¸, ‡œ¸ú¨¸¸¡¸ ƒ÷¡¸¸¢™ ˆÅ¸ ž¸ú ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ¢ˆÅ¡¸¸—
 ]¸ú‡Ÿ¸¤¸ú¨¸ú‡Ÿ¸ ’﬒ ŠÏ¸Ÿ¸úµ¸ Ÿ¸¢í¥¸¸‚¸½¿ ˆÅ¸½ ¬¨¸£¸½]¸Š¸¸£
Š¸¢÷¸¢¨¸¢š¸¡¸¸½¿ ¡¸˜¸¸ ‚Š¸£¤¸î¸ú, Ÿ¸¸½Ÿ¸¤¸î¸ú ‚¸¢™ ¤¸›¸¸›¸½ ˆÅ¸ ˆÅ¸¾©¸¥¸
œÏ¢©¸®¸µ¸ œÏ™¸›¸ ˆÅ£÷¸¸ í¾ ÷¸¸¢ˆÅ ¨¸½ ›¸¡¸¸ ¨¡¸¨¸¬¸¸¡¸ ‚¸£¿ž¸ ˆÅ£›¸½ Ÿ¸½¿
¬¸®¸Ÿ¸ í¸½¿— ¡¸½ Ÿ¸¢í¥¸¸‡¿ ¨¸¾¡¸¢Æ÷¸ˆÅ ¬¸¸˜¸ íú ‡¬¸‡\¸]¸ú Ÿ¸¸š¡¸Ÿ¸ ¬¸½
‚œ¸›¸¸ ¨¡¸¨¸¬¸¸¡¸ \¸¥¸¸ £íú íÿ—
27
a) Activities through Mahabank Rural Self Employment
Training Institutes (MRSETIs)-
 During the year 2020-21 Bank imparted EDP &
skill based training to 3698 trainees as against
set target of 3375.
 A total of 3016 new businesses were started by
these trained entrepreneurs, showing settlement
ratio of 81.16%; 1901 units are credit linked,
showing 62.14% achievement under credit linkage.
b) Activities through RDCs:-
 Besides advocating farmers for their credit needs,
Bank organized 143 Farmer Training Camps
wherein 4,394 farmers were given specialized
training on various modern Agricultural technologies.
 Soil and water testing was carried out for the
benefit of the farmers through RDC Bhigwan.
During the year 2020-21, 2625 soil and water
samples are tested and reports were provided to
farmers along with necessary recommendations.
 774 Financial Literacy Camps were organized
wherein 46597 participants were educated for
banking, digital transactions, use of UPI, BHIM
App and social security schemes like PMJJBY,
PMSBY, APY, etc.
c) Other Activities: -
 MahaBank SHG Rahat Yojana- COVID-19
was introduced immediately after foreseeing the
effects of COVID-19 pandemic situation to extend
relief to regular repaying SHGs by extending
additional loan up to ` 1.00 Lakh.
 Women SHG members were imparted training
on various skill developments activities like
Garment making, files and envelop making,
preparation of milk products, preparation of
various items like spices, pickles, jam & jellies,
hand wash, incense stick Manufacturing and
handmade jewelry making etc. through GMBVM
Trust and MRSETIs.
 Bank is also providing an outlet for sale of
SHG products named “Savitree” and also hand
holding to SHGs for their participation in State
Level / District level exhibitions / melavas. They
have participated in Bhimthadi Jatra, Exhibitions
arranged at Ganesh Kala-Krida Mandir,
Lokmangal premises on eve of Diwali & Ganesh
Utsav, Bird sanctuary function at Bhigwan etc.
 Health check-up camps were also arranged for
women SHG members through GMBVM.
d) Other initiatives: -
 Bank has celebrated the September 2020 as a
“Poshan Month” through Gramin Mahila Va Bal Vikas
Mandal Trust (GMVBM) & RSETIs in which Bank
created awareness about nutrition and distributed
high nutrition food packets in select villages.
 Bank received National Award for best
performance in SHG financing under DAY NRLM
scheme of Govt of India.
 Formed and credit linked 21,803 SHGs amounting
to ` 283.74 Cr. as against the target of 15,470
SHGs amounting to ` 255.10 crore (111%).
 Bank is also implementing the social security
schemes of Govt. like PMJJBY, PMSBY, APY, etc.
through Branches, BCs and other digital modes.
 GMBVM trust provided skill based training to
rural women for self-employment activities like
Agarbatti, Candles, etc. to empower them for
starting new business. These women are running
their business on individual as well as through
SHGs.
 Annual Report 2020-21

7. ‚ŠÏµ¸ú ¤¸ÿˆÅ 7. LEAD BANK

7.1 Lead Bank Scheme
7.1 ‚ŠÏµ¸ú ¤¸ÿˆÅ ¡¸¸½]¸›¸¸
The Bank has Lead Bank responsibility in seven districts of
Ÿ¸í¸£¸«’ï £¸]¡¸ ˆ½Å ¬¸¸÷¸ ¢]¸¥¸¸Ê ¡¸˜¸¸ ‚¸¾£¿Š¸¸¤¸¸™, ]¸¸¥¸›¸¸, ›¸¸¢©¸ˆÅ, œ¸¸¥¸‹¸£, œ¸ºµ¸½, Maharashtra State viz. Aurangabad, Jalna, Nasik, Palghar,
¬¸¸÷¸¸£¸ ¨¸ “¸µ¸½ Ÿ¸Ê ‚ŠÏµ¸ú ¤¸ÿˆÅ ˆÅ¸ „™¸¢¡¸÷¨¸ ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ í¾— œÏ÷¡¸½ˆÅ ¨¸«¸Ä ‚›¡¸ Pune, Satara and Thane. Every year District Credit Plans for
¤¸ÿˆÅ¸Ê ‚¸¾£ ¬¸¿¤¸¿¢š¸÷¸ ¢]¸¥¸½ ˆ½Å ¢]¸¥¸¸¢š¸ˆÅ¸¢£¡¸¸Ê ˆ½Å ¬¸í¡¸¸½Š¸ ¬¸½ ¤¸ÿˆÅ ¢]¸¥¸¸ †µ¸ ¡¸¸½]¸›¸¸ the districts are prepared and implemented with the cooperation
¤¸›¸¸ˆÅ£ ˆÅ¸¡¸¸Ä¦›¨¸÷¸ ˆÅ£÷¸¸ í¾— of other member banks as well as in coordination with District
Collectors of respective districts.
7.2 £¸]¡¸ ¬÷¸£ú¡¸ ¤¸ÿˆÅ£ ¬¸¢Ÿ¸¢÷¸ 7.2 State Level Bankers’ Committee
¤¸ÿˆÅ, Ÿ¸í¸£¸«’ï £¸]¡¸ Ÿ¸Ê £¸]¡¸ ¬÷¸£ú¡¸ ¤¸ÿˆÅ£ ¬¸¢Ÿ¸¢÷¸ (‡¬¸‡¥¸¤¸ú¬¸ú) ˆÅ¸ ¬¸¿¡¸¸½]¸ˆÅ The Bank is the Convenor of State Level Bankers’ Committee
í¾— ‡¬¸‡¥¸¤¸ú¬¸ú ׸£¸ ‚ŠÏµ¸ú ¢]¸¥¸¸ œÏ¤¸¿š¸ˆÅ¸Ê, ¬¸™¬¡¸ ¤¸ÿˆÅ¸Ê, ›¸¸¤¸¸”Ä, ž¸¸£÷¸ú¡¸ (SLBC) for the State of Maharashtra. SLBC prepares State
¢£{¸¨¸Ä ¤¸ÿˆÅ ‚¸¢™ ¬¸½ ¢¨¸\¸¸£-¢¨¸Ÿ¸©¸Ä ˆÅ£ £¸]¡¸ ¨¸¸¢«¸ÄˆÅ †µ¸ ¡¸¸½]¸›¸¸ ÷¸¾¡¸¸£ ˆÅú ]¸¸÷¸ú Annual Credit Plan in consultation with Lead District Managers,
í¾— ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ ®¸½°¸ ¡¸¸½]¸›¸¸ ` 4,74,511 ˆÅ£¸½”õ ˆÅú ˜¸ú Member Banks, NABARD, Reserve Bank of India, etc. The
Priority Sector plan for the year 2020-21 was for ` 4,74,511
]¸¸½ ™½©¸ Ÿ¸Ê ¬¸¤¸¬¸½ ¤¸”õú ¡¸¸½]¸›¸¸ Ÿ¸Ê ¬¸½ ‡ˆÅ ˜¸ú— Ÿ¸í¸£¸«’ï ˆ½Å Ÿ¸¸›¸›¸ú¡¸ Ÿ¸º‰¡¸Ÿ¸¿°¸ú ˆÅú crore, which was one of the highest in the country. The same
‚š¡¸®¸÷¸¸ Ÿ¸Ê ¬¸¿œ¸››¸ ¢¨¸©¸½«¸ ¤¸¾“ˆÅ Ÿ¸Ê ¡¸¸½]¸›¸¸ ˆÅ¸ ‚›¸ºŸ¸¸½™›¸ íº‚¸ ˜¸¸— was approved in a special meeting held under the Chairmanship
£¸]¡¸ ¨¸¸¢«¸ÄˆÅ †µ¸ ¡¸¸½]¸›¸¸, œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ ®¸½°¸ ˆÅú „š¸¸£ú ‚¸¾£ £¸]¡¸ Ÿ¸Ê ¬¸£ˆÅ¸£ of Hon’ble Chief Minister of Maharashtra.
׸£¸ œÏ¸¡¸¸½¢]¸÷¸ ¡¸¸½]¸›¸¸‚¸Ê ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆÅú ¢›¸Š¸£¸›¸ú ˆ½Å ¢¥¸‡ ¢›¸¡¸¢Ÿ¸÷¸ ¢÷¸Ÿ¸¸íú SLBC also ensures holding of quarterly meetings regularly to
¤¸¾“ˆÅ¸Ê ˆÅ¸ ‚¸¡¸¸½]¸›¸ ž¸ú £¸]¡¸ ¬÷¸£ú¡¸ ¤¸ÿˆÅ£ ¬¸¢Ÿ¸¢÷¸ ˆÅ£÷¸ú í¾— £¸]¡¸ ¬÷¸£ú¡¸ ¤¸ÿˆÅ£ review the implementation of State Annual Credit Plans, Priority
Sector lending and Govt. sponsored schemes in the State.
¬¸¢Ÿ¸¢÷¸ ˆÅú ¢›¸¡¸¢Ÿ¸÷¸ ¤¸¾“ˆÅ¸Ê ˆ½Å ‚¥¸¸¨¸¸ £¸]¡¸ ¬÷¸£ú¡¸ ¤¸ÿˆÅ£ ¬¸¢Ÿ¸¢÷¸ ׸£¸ ¢¨¸¢ž¸››¸ Apart from regular SLBC meetings various other meetings
¬¸™¬¡¸ ¤¸ÿˆÅ¸Ê, £¸]¡¸ ¬¸£ˆÅ¸£, £¸]¡¸ ¬¸£ˆÅ¸£ ˆÅú ‡]¸Ê¢¬¸¡¸¸Ê, ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ, are also organized by SLBC to coordinate between Member
›¸¸¤¸¸”Ä ‚¸¾£ ˆÊÅÍ ¬¸£ˆÅ¸£ ˆ½Å Ÿ¸š¡¸ ¬¸Ÿ¸›¨¸¡¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ‚›¡¸ ¢¨¸¢ž¸››¸ ¤¸¾“ˆÅ¸Ê ˆÅ¸ Banks, State Government, Government Agencies, Reserve
‚¸¡¸¸½]¸›¸ ž¸ú ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— £¸]¡¸ ¬÷¸£ú¡¸ ¤¸ÿˆÅ£ ¬¸¢Ÿ¸¢÷¸ £¸]¡¸ Ÿ¸Ê 16,827 ¬¸½ Bank of India, NABARD and the Central Government. SLBC
‚¢š¸ˆÅ ¤¸ÿˆÅ ©¸¸‰¸¸‚¸Ê ˆ½Å ¤¸ú\¸ ¬¸Ÿ¸›¨¸¡¸ ˆÅ¸ ˆÅ¸¡¸Ä ˆÅ£÷¸ú í¾— Maharashtra coordinates a network of more than 16,827 bank
branches in the state.
£¸]¡¸ ¬÷¸£ú¡¸ ¤¸ÿˆÅ£ ¬¸¢Ÿ¸¢÷¸ ˆÅ¸ ¬¸Ÿ¸›¨¸¡¸ˆÅ í¸½›¸½ ˆ½Å ›¸¸÷¸½ ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï As the SLBC convener, Bank of Maharashtra coordinated for
œÏš¸¸›¸Ÿ¸¿°¸ú ]¸›¸-š¸›¸ ¡¸¸½]¸›¸¸ (œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ) ˆÅ¸ ¬¸Ÿ¸›¨¸¡¸›¸ Ÿ¸í¸£¸«’ï £¸]¡¸ Ÿ¸Ê ˆÅ£ implementation of Pradhan Mantri Jan Dhan Yojana (PMJDY)
£í¸ í¾— 31.03.2021 ˆ½Å ‚›¸º¬¸¸£, £¸]¡¸ Ÿ¸Ê ˆºÅ¥¸ 300 ¥¸¸‰¸ œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ ‰¸¸÷¸½ in the State of Maharashtra. As of 31.03.2021, total of 300 lakh
‰¸¸½¥¸½ Š¸‡— œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ ‰¸¸÷¸¸ ‰¸¸½¥¸›¸½ ˆÅú œÏ¢ÇÅ¡¸ ]¸¸£ú í¾— ‡¬¸‡¥¸¤¸ú¬¸ú ׸£¸ PMJDY accounts have been opened in the State. The process
£¸]¡¸ Ÿ¸Ê ˆ½Å›Í ¬¸£ˆÅ¸£ ˆ½Å ‚›¡¸ ¬¸¸Ÿ¸¸¢]¸ˆÅ ¬¸º£®¸¸ ¡¸¸½]¸›¸¸‚¸Ê ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆÅ¸ of opening of PMJDY accounts is continued. SLBC also
coordinates implementation of other Social Security Schemes
¬¸¿¡¸¸½]¸›¸ ž¸ú ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— of the Central Government in the State.
7.3 ¢¨¸î¸ú¡¸ ¬¸Ÿ¸¸¨¸½©¸›¸ / œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ À 7.3 FINANCIAL INCLUSION / PMJDY:
¤¡¸¸½£½ 2019-20 2020-21
‡ûÅ‚¸ƒÄ ¤¸ú¬¸ú‡ ׸£¸ ¢ˆÅ‡ Š¸‡ ¬¸¿ ¨ ¡¸¨¸í¸£ (¥¸¸‰¸ Ÿ¸Ê ) 168.33 186.01 Particulars 2019-20 2020-21
¡¸¸½]¸›¸¸ ¬¸¿¨¡¸¨¸í¸£ ˆÅú £¸¢©¸ (ˆÅ£¸½”õ Ÿ¸Ê) 10003.76 12896.05
œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ ‰¸¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ (¥¸¸‰¸ Ÿ¸Ê) 61.74 68.15 FI Plan No of Transactions by BCA (in lakhs) 168.33 186.01
„¬¸Ÿ¸Ê ¬¸½ ‚¸š¸¸£ ¬¸ú¢”¿Š¸ ¢ˆÅ‡ Š¸‡ (¥¸¸‰¸ Ÿ¸Ê) 56.03 62.80 Amt of transactions (in Cr) 10003.76 12896.05
‚¸š¸¸£ ¬¸ú¢”¿Š¸ ˆÅ¸ % (¥¸¸‰¸ Ÿ¸Ê) 90.75% 92.10%
PMJDY No. of PMJDY accounts (in lakhs) 61.74 68.15
„¬¸Ÿ¸Ê ¬¸½ Ÿ¸¸½¤¸¸ƒ¥¸ ¬¸ú¢”¿Š¸ (¥¸¸‰¸ Ÿ¸Ê) 49.81 56.47 Of Which Aadhaar Seeded (in lakhs) 56.03 62.80
Ÿ¸¸½¤¸¸ƒ¥¸ ¬¸ú¢”¿Š¸ ˆÅ¸ % (¥¸¸‰¸ Ÿ¸Ê) 80.68% 82.86% % OF Aadhaar Seeding (in lakhs) 90.75% 92.10%
„¬¸Ÿ¸Ê ¬¸½ ]¸¸£ú ³Åœ¸½ ˆÅ¸”Ä (¥¸¸‰¸ Ÿ¸Ê) 19.17 26.71 Of Which Mobile Seeding (in lakhs) 49.81 56.47
% of Mobile Seeding (in lakhs) 80.68% 82.86%
]¸¸£ú ³Åœ¸½ ˆÅ¸”Ä ˆÅ¸ % (¥¸¸‰¸ Ÿ¸Ê) 31.04% 39.20%
Of Which Ru-Pay Card issued (in 19.17 26.71
œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ ‰¸¸÷¸½ Ÿ¸Ê ©¸½«¸ (ˆÅ£¸½”õ Ÿ¸Ê) 2057.37 2545.14 lakhs)
œÏ¢÷¸ ‰¸¸÷¸¸ ‚¸¾¬¸÷¸ ©¸½«¸ (¨¸¸¬÷¸¢¨¸ˆÅ) 3332 3735 % of Ru-Pay Card issued (in lakhs) 31.04% 39.20%
œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ – ‚¸½”ú ¬¸¿‰¡¸¸ (¥¸¸‰¸ Ÿ¸Ê) 2.53 2.66 Balance in PMJDY A/c (in Cr) 2057.37 2545.14
Average Bal. per account (actual) 3332 3735
œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ – ‚¸½”ú £¸¢©¸ (¥¸¸‰¸ Ÿ¸Ê) 2774.01 3202.08 PMJDY – OD Count (in lakhs) 2.53 2.66
©¸»›¡¸ ©¸½«¸ œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ ‰¸¸÷¸½ (¥¸¸‰¸ Ÿ¸Ê) 14.82 11.47 PMJDY – OD Amount (in lakhs) 2774.01 3202.08
(¬¸¸Ÿ¸¸¢]¸ˆÅ œ¸ú‡Ÿ¸]¸½]¸½¤¸ú¨¸¸ƒÄ ˆ½Å ‚¿÷¸Š¸Ä÷¸ œ¸¿]¸ú¡¸›¸ (¥¸¸‰¸ Ÿ¸Ê) 12.87 16.41 Zero Bal. PMJDY A/cs (in lakhs) 14.82 11.47
¬¸º£®¸¸ œ¸ú‡Ÿ¸‡¬¸¤¸ú¨¸¸ƒÄ ˆ½Å ‚¿÷¸Š¸Ä÷¸ œ¸¿]¸ú¡¸›¸ (¥¸¸‰¸ Ÿ¸Ê) 22.72 31.12 Social Enrolment under PMJJBY (in lakh) 12.87 16.41
Security Enrolment under PMSBY (in lakh) 22.72 31.12
¡¸¸½]¸›¸¸‡¿) ‡œ¸ú¨¸¸ƒÄ ˆ½Å ‚¿÷¸Š¸Ä÷¸ œ¸¿]¸ú¡¸›¸ (¥¸¸‰¸ Ÿ¸Ê) 2.03 2.83 Schemes Enrolment under APY (in lakh) 2.03 2.83
¤¸ú‡¬¸¤¸ú”ú ˆº Å ¥¸ ¤¸ú‡¬¸¤¸ú”ú ‰¸¸÷¸½ (¥¸¸‰¸ Ÿ¸Ê ) 85.20 93.53
BSBD Total BSBD Accounts (in lakhs) 85.20 93.53
‰¸¸÷¸½ ¤¸ú‡¬¸¤¸ú”ú ‰¸¸÷¸½ Ÿ¸Ê ¤¸ˆÅ¸¡¸¸ ©¸½«¸ (ˆÅ£¸½”õ Ÿ¸Ê) 2635.39 3223.00 Accounts O/S Balance in BSBD A/c (in Cr) 2635.39 3223.00
œÏ¢÷¸ ‰¸¸÷¸¸ ‚¸¾¬¸÷¸ ©¸½«¸ (¨¸¸¬÷¸¢¨¸ˆÅ) 3093 3445 Average bal. per account (actual) 3093 3445
¤¸ú¬¸ú ¬¸½¨¸¸‚¸Ê ˆ½Å ¢¥¸‡ ¢™¡¸¸ Š¸¡¸¸ ˆÅŸ¸ú©¸›¸ 27.88 34.23 Commission Paid towards BC 27.88 34.23
Services (in Crore)
(ˆÅ£¸½”õ Ÿ¸Ê)

28
Jeeef<e&keÀ efjHeesì& 2020-21
¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅ¸ ¢›¸¨¸¸£µ¸ ˆÅ£›¸½ í½÷¸º 18001022636
’¸½¥¸ üÅú ÇÅŸ¸¸¿ˆÅ ¨¸¸¥¸¸ œ¸»µ¸Ä ¢¨¸ˆÅ¢¬¸÷¸ ˆÅ¸Á¥¸ ¬¸Ê’£ í¾— ¢¨¸î¸ú¡¸ ¬¸Ÿ¸¸¨¸½©¸›¸ ˆÅú ¢™©¸¸
Ÿ¸Ê œÏ¡¸¸¬¸¸Ê ˆÅú ¬¸£¸í›¸¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ž¸¸£÷¸ ¬¸£ˆÅ¸£ ׸£¸ ¢¨¸î¸ú¡¸ ¬¸Ÿ¸¸¨¸½©¸›¸ ˆ½Å ®¸½°¸ Ÿ¸Ê
ª½«’ ˆÅ¸¡¸Ä-¢›¸«œ¸¸™›¸ ˆ½Å ¢¥¸‡ ‚œ¸›¸ú ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆÅú ¢£œ¸¸½’Ä Ÿ¸Ê ž¸ú ¤¸ÿˆÅ
ˆÅú œÏ©¸¿¬¸¸ ˆÅú Š¸ƒÄ í¾, ¢]¸¬¸ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ©¸¸¢Ÿ¸¥¸ íÿÀ
The Bank has a full-fledged call center with toll free number
18001022636 for redressal of PMJDY grievances. In
appreciation of its efforts towards financial inclusion, the Bank
was also recognized by the Govt of India in FY 2020-21 for
excellent performance in the field of financial inclusion, which
included:

 ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 Ÿ¸Ê 39.32% ¨¸¼¢Ö œÏ™©¸Ä›¸ ˆ½Å ¬¸¸˜¸ ³Åœ¸½ ˆÅ¸”Ä ]¸¸£ú  Secured 1st position for issuance of RuPay cards
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ œÏ˜¸Ÿ¸ ¬˜¸¸›¸ œÏ¸œ÷¸ íº‚¸— showing 39.32% growth in financial year 2020-21.

 14.08.2020 ¬¸½ 30.09.2021 ÷¸ˆÅ ‚¸¡¸¸½¢]¸÷¸ ‡œ¸ú¨¸¸ƒÄ ûŸƒ›¸¸¿¢©¸¡¸¥¸
œÏú”Ÿ¸ ûŸƒ’£ ‚¢ž¸¡¸¸›¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ œÏ©¸¿¬¸¸ œÏŸ¸¸µ¸œ¸°¸—
 18.01.2021 ¬¸½ 28.02.2021 ˆ½Å ™¸¾£¸›¸ ‡œ¸ú¨¸¸ƒÄ ¥¸ú”£¢©¸œ¸ ˆ¾Å¢œ¸’¥¸
3.0 ‚¢ž¸¡¸¸›¸ ÷¸˜¸¸ 01.03.2021 ¬¸½ 3103.2021 ˆ½Å ™¸¾£¸›¸ ‡œ¸ú¨¸¸ƒÄ
¢¤¸Š¸ ¢¤¸¢¥¸¨¸¬¸Ä ‚¢ž¸¡¸¸›¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ƨ¸¸¢¥¸ûŸƒÄ ¢ˆÅ¡¸¸—
 Ÿ¸¸\¸Ä 2021 Ÿ¸¸í ˆ½Å ¢¥¸‡ ¤¸ºš¸¨¸¸£ ‚¢ž¸¡¸¸›¸ ¢¨¸]¸¡¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ƨ¸¸¢¥¸ûŸƒÄ
¢ˆÅ¡¸¸—
 ¢¬¸÷¸¿¤¸£ 2020 Ÿ¸¸í ˆ½Å ¢¥¸‡ ‡œ¸ú¨¸¸ƒÄ œ¸¸Á¨¸£ ’» œ¸£¢¬¸¬’ ‚¢ž¸¡¸¸›¸ ˆ½Å
‚¿÷¸Š¸Ä÷¸ œÏ©¸¿¬¸¸ œÏŸ¸¸µ¸œ¸°¸—
 Certificate of Appreciation under the APY Financial
Freedom Fighters Campaign held from 14.08.2020 to
30.09.2021.
 Qualified under APY Leadership Capital 3.0 Campaign,
held from 18.01.2021 to 28.02.2021 & APY Big Believers
3.00 Campaign, held from 01.03.2021 to 31.03.2021.
 Qualified under winning Wednesday campaign, for the
month of March 2021.
 Certificate of Appreciation under APY Power to Persist
Campaign, for the month of September 2020.

8. 
8. ¬¸í¸¡¸ˆÅ ˆ¿Åœ¸¢›¸¡¸¸¿/ ¬¸¿¡¸ºÆ÷¸ „Ô¸Ÿ¸ ‚¸¾£ œÏ¸¡¸¸½¢]¸÷¸ ¬¸¿¬˜¸¸‡¿ À
8.1 ®¸½°¸ú¡¸ ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ ˆÅ¸ ˆÅ¸¡¸Ä ¢›¸«œ¸¸™›¸
8.1 Performance of Regional Rural Bank
Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ (‡Ÿ¸]¸ú¤¸ú) ‡ˆÅ ®¸½°¸ú¡¸ ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ í¾, ¢]¸¬¸ˆÅ¸ œÏ¸¡¸¸½]¸›¸ ¤¸ÿˆÅ
›¸½ ¢ˆÅ¡¸¸ í¾ ‚¸¾£ ¢]¸¬¸ˆÅ¸ Ÿ¸º‰¡¸¸¥¸¡¸ Ÿ¸í¸£¸«’ï ˆ½Å ‚¸¾£¿Š¸¸¤¸¸™ ©¸í£ Ÿ¸Ê í¾— ¢™›¸¸¿ˆÅ
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¤¸ÿˆÅ ˆ½Å œ¸¢£\¸¸¥¸›¸ ®¸½°¸¸Ê Ÿ¸Ê ¤¸ÿˆÅ ˆÅú ˆºÅ¥¸ ©¸¸‰¸¸‡¿ 412 ˜¸ú¿ ]¸¸½
Ÿ¸í¸£¸«’ï £¸]¡¸ ˆ½Å 36 ¢]¸¥¸¸Ê Ÿ¸Ê ¬¸½ 17 ¢]¸¥¸¸Ê Ÿ¸Ê ¦¬˜¸÷¸ íÿ— 7 ®¸½°¸ú¡¸ ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê ׸£¸
ƒ›¸ ©¸¸‰¸¸‚¸Ê œ¸£ ¢›¸¡¸¿°¸µ¸ £‰¸¸ ]¸¸÷¸¸ í¾—
¬¸ž¸ú 412 ©¸¸‰¸¸‡¿ ‚¸¾£ ¢›¸¡¸¿°¸ˆÅ ˆÅ¸¡¸¸Ä¥¸¡¸ ˆÅ¸½£ ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸¸Á¥¡¸»©¸›¸ (¬¸ú¤¸ú‡¬¸) ˆ½Å
‚š¸ú›¸ íÿ—
ˆÅ¸¡¸Ä ¢›¸«œ¸¸™›¸ ¢¨¸©¸½«¸÷¸¸‡¿ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ í¾À
• ˆºÅ¥¸ ¨¡¸¨¸¬¸¸¡¸ ` 20682.70 ˆÅ£¸½”õ £í¸—
• ˆºÅ¥¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ `13540.64 ˆÅ£¸½”õ ÷¸˜¸¸ ˆÅ¸¬¸¸ ©¸½¡¸£ 57% £í¸—
• ¤¸ÿˆÅ ׸£¸ ` 261.70 ˆÅ£¸½”õ ˆÅ¸ œ¸¢£\¸¸¥¸›¸ ¥¸¸ž¸ œÏ¸œ÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—
¤¸ÿˆÅ ׸£¸ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ œÏŸ¸º‰¸ ˆÅ¸¡¸Ä-¢›¸«œ¸¸™›¸ ¢¤¸¿™º Ÿ¸¸›¸™¿”¸Ê Ÿ¸Ê
œÏ¸¡¸¸½]¸ˆÅ ¤¸ÿˆÅ ׸£¸ ¢™‡ Š¸‡ ‡Ÿ¸‚¸½¡¸» ”ú‡œ¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‚¢š¸ˆÅ¸¿©¸ ¥¸®¡¸¸Ê ˆÅ¸½
œÏ¸œ÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
SUBSIDIARIES/JOINT VENTURES AND SPONSORED
INSTITUTIONS:
Maharashtra Gramin Bank (MGB) is a Regional Rural Bank
sponsored by the Bank, having its Head Office at Aurangabad,
Maharashtra State. Total no. of branches as on March 31,
2021 stood at 412 in its area of operation covering 17 out of 36
districts of Maharashtra state. These branches are controlled
through 7 Regional Offices.
All 412 branches and controlling offices are under core banking
solution (CBS).
Performance highlights of Maharashtra Gramin Bank for the FY
2020-21 (Pre Audit) are as under:
• Total Business level was ` 20682.70 Crore.
• Total deposit was ` 13540.64 Crore and CASA share
was 57 %.
• Bank has achieved operating profit of ` 261.70 Crore.
Bank has achieved most of the targets under MoU DAP given
by sponsor Bank for the financial year 2020-21 in major key
performance areas.
(` in Crore)

¢¨¸î¸ú¡¸ ¨¸«¸Ä Actual

Sr. Target FY
Performance Parameter as on
2020-21 31.03.2021 No. 2020-21
‚›¸º. ˆÅ¸¡¸Ä¢›¸«œ¸¸™›¸ Ÿ¸¸›¸™¿” 31.03.2021
ˆ½Å ¢¥¸‡ ˆÅ¸½ ¨¸¸¬÷¸¢¨¸ˆÅ
¥¸®¡¸ 1. Total Deposits 12700.00 13540.64

1. ˆºÅ¥¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ 12700.00 13540.64 2. CASA deposits 7000.00 7736.11

2. ˆÅ¸¬¸¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ 7000.00 7736.11 3. Total Business 20360.00 20682.70
3. ˆºÅ¥¸ ¨¡¸¨¸¬¸¸¡¸ 20360.00 20682.70 4. Interest Income 910.00 979.49
4. ¤¡¸¸]¸ ‚¸¡¸ 910.00 979.49 5. Non-Interest Income 115.00 167.82
5. Š¸¾£-¤¡¸¸]¸ ‚¸¡¸ 115.00 167.82
6. Operating Profit 226.00 261.70
6. œ¸¢£\¸¸¥¸›¸Š¸÷¸ ¥¸¸ž¸ 226.00 261.70
7. Recovery in Write Off 5.00 11.52
7. ¤¸’Ã’½ ‰¸¸÷¸¸Ê Ÿ¸Ê ¨¸¬¸»¥¸ú 5.00 11.52
MGB has deployed 1320 Business correspondents in rural
‡Ÿ¸]¸ú¤¸ú ›¸½ ŠÏ¸íˆÅ¸Ê ˆÅ¸½ ׸£ œ¸£ ¬¸½¨¸¸‡¿ œÏ™¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ŠÏ¸Ÿ¸úµ¸ ®¸½°¸¸Ê Ÿ¸Ê 1320 areas to provide door step service to the customers. Bank
¨¡¸¨¸¬¸¸¡¸ œÏ¢÷¸¢›¸¢š¸ ÷¸¾›¸¸÷¸ ¢ˆÅ‡ íÿ— ¤¸ÿˆÅ ›¸½ 23.44 ¥¸¸‰¸ œ¸ú‡Ÿ¸]¸½”ú¨¸¸ƒÄ ‰¸¸÷¸½ has opened 23.44 Lakh PMJDY accounts and 11.48 Lakh
‰¸¸½¥¸½ íÿ ‚¸¾£ ƒ›¸ ‰¸¸÷¸¸Ê Ÿ¸Ê 11.48 ¥¸¸‰¸ ”½¢¤¸’ ˆÅ¸”Ä ]¸¸£ú ¢ˆÅ‡ Š¸‡ íÿ— ¤¸ÿˆÅ debit cards are issued to in these accounts. Bank is actively

29
 Annual Report 2020-21

›¸½ œ¸ú‡Ÿ¸]¸½]¸½¤¸ú¨¸¸ƒÄ, œ¸ú‡Ÿ¸‡¬¸¤¸ú¨¸¸ƒÄ ÷¸˜¸¸ ‡œ¸ú¨¸¸ƒÄ ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ ž¸¸£÷¸ ¬¸£ˆÅ¸£ participating in PMJJBY, PMSBY and APY as well as the PMMY
scheme declared by the Government of India.
׸£¸ ‹¸¸½¢«¸÷¸ œ¸ú‡Ÿ¸‡Ÿ¸¨¸¸ƒÄ ¡¸¸½]¸›¸¸ Ÿ¸Ê ž¸ú ¬¸¢ÇÅ¡¸÷¸¸ ¬¸½ ž¸¸Š¸ ¢¥¸¡¸¸—
8.2 Performance of METCO
8.2 Ÿ¸½’ˆÅ¸½ ˆÅ¸ ˆÅ¸¡¸Ä-¢›¸«œ¸¸™›¸
The Maharashtra Executor & Trustee Company Pvt. Ltd
¨¸«¸Ä 1946 Ÿ¸Ê ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï ˆÅú 100 % ‚›¸º«¸¿Š¸ú ˆ¿Åœ¸›¸ú ¢™ Ÿ¸í¸£¸«’ï (METCO), the 100% subsidiary of Bank of Maharashtra, was
‡¦Æ{¸Æ¡¸»’£ ‡µ” ’﬒ú ˆ¿Åœ¸›¸ú œÏ¸. ¢¥¸. (Ÿ¸½’ˆÅ¸½) ˆÅú ¬˜¸¸œ¸›¸¸ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ¤¸ÿ¢ˆ¿ÅŠ¸ established in 1946 with an aim to provide services auxiliary to
banking such as:
¬¸í¸¡¸ˆÅ ¬¸½¨¸¸‡¿ „œ¸¥¸¤š¸ ˆÅ£¸›¸½ ˆ½Å ¢¥¸‡ íºƒÄÀ
» Consultation, Drafting & Execution of will
» ¨¸¬¸ú¡¸÷¸¸Ê ˆÅ¸ Ÿ¸¬¸¸¾™¸ ÷¸¾¡¸¸£ ˆÅ£›¸¸ ‚¸¾£ ¢›¸«œ¸¸™›¸ ˆÅ£›¸¸, œ¸£¸Ÿ¸©¸Ä ™½›¸¸
» Consultation, Drafting and Management of private
» ¢›¸]¸ú ›¡¸¸¬¸¸Ê/ ¬¸¸¨¸Ä]¸¢›¸ˆÅ ›¡¸¸¬¸¸Ê ˆÅ¸ Ÿ¸¬¸¸¾™¸ ÷¸¾¡¸¸£ ˆÅ£›¸¸, œÏ¤¸¿š¸›¸ ‚¸¾£ Trusts / Public Trusts
œ¸£¸Ÿ¸©¸Ä ™½›¸¸ » Management of investments & house properties as
» ‡’›¸úÄ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢›¸¨¸½©¸¸Ê ‡¨¸¿ ‚¸¨¸¸¬¸ ¬¸¿œ¸¢î¸¡¸¸Ê ˆÅ¸ œÏ¤¸¿š¸›¸ attorney
» Guardianship of minor’s property
» ‚¨¸¡¸¬ˆÅ ˆÅú ¬¸¿œ¸¢î¸ ˆÅú ¬¸¿£®¸ˆÅ÷¸¸
» Consultation for sale/purchase of property
» ¬¸¿œ¸¢î¸ ˆÅú ‰¸£ú™ú/ ¢¤¸ÇÅú ˆ½Å ¢¥¸‡ œ¸£¸Ÿ¸©¸Ä ™½›¸¸
The company is located at Pune having its branch units at
ˆ¿Åœ¸›¸ú œ¸ºµ¸½ Ÿ¸Ê ¦¬˜¸÷¸ í¾ ‚¸¾£ œ¸ºµ¸½, Ÿ¸º¿¤¸ƒÄ, “¸µ¸½ ‚¸¾£ ›¸¸Š¸œ¸º£ Ÿ¸Ê ƒ¬¸ˆÅú ©¸¸‰¸¸ ƒˆÅ¸ƒÄ¡¸¸¿ Pune, Mumbai, Thane and Nagpur. It is managing about 1111
íÿ— ˆ¿Åœ¸›¸ú ¥¸Š¸ž¸Š¸ 1111 ¢›¸]¸ú ‚¸¾£ ¬¸¸¨¸Ä]¸¢›¸ˆÅ ›¡¸¸¬¸¸Ê ˆÅ¸ œÏ¤¸¿š¸›¸ ˆÅ£÷¸ú í¾— ¨¸«¸Ä Public & Private Trusts. During the year, additional 23 wills
ˆ½Å ™¸¾£¸›¸ ]¸º”õú ›¸ƒÄ ¨¸¬¸ú¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ 23 £íú, ƒ¬¸œÏˆÅ¸£ ˆ¿Åœ¸›¸ú ˆÅú ‚¢ž¸£®¸¸ ‚¸¾£ were added making total 1306 will in its custody for execution.
At Present, the company manages properties both movable
¢›¸«œ¸¸™›¸ Ÿ¸Ê ¨¸¬¸ú¡¸÷¸¸Ê ˆÅú ˆºÅ¥¸ ¬¸¿‰¡¸¸ 1306 í¸½ Š¸ƒÄ í¾— ˆ¿Åœ¸›¸ú ׸£¸ ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸Ê 21 and immovable of 21 Clients under the Power of Attorney. The
ŠÏ¸íˆÅ¸Ê ˆÅú \¸¥¸ ‡¨¸¿ ‚\¸¥¸ ™¸½›¸¸Ê ¬¸¿œ¸¢î¸¡¸¸Ê ˆÅ¸ œÏ¤¸¿š¸›¸ Ÿ¸º‰÷¸¸£›¸¸Ÿ¸½ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢ˆÅ¡¸¸ Company also acts as the Trustee in respect of 99 policies
]¸¸ £í¸ í¾— ¢¨¸¨¸¸¢í÷¸ Ÿ¸¢í¥¸¸ ¬¸¿œ¸¢î¸ ‚¢š¸¢›¸¡¸Ÿ¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ˆ¿Åœ¸›¸ú 99 œ¸¸¢¥¸¢¬¸¡¸¸Ê under Married Women’s Property Act and as court appointed
ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ›¡¸¸¬¸ú ˆÅ¸ ˆÅ¸¡¸Ä ˆÅ£÷¸ú í¾ ‚¸¾£ 2 Ÿ¸¸Ÿ¸¥¸¸Ê Ÿ¸Ê ›¡¸¸¡¸¸¥¸¡¸ ›¸½ ‚¨¸¡¸¬ˆÅ ˆÅú Guardian of Minor’s property in 2 cases. The company also
¬¸¿œ¸¢î¸ ˆÅ¸ ¬¸¿£®¸ˆÅ ˆ¿Åœ¸›¸ú ˆÅ¸½ ¤¸›¸¸¡¸¸ í¾— ˆ¿Åœ¸›¸ú ׸£¸ ˆÅ£ú¤¸-ˆÅ£ú¤¸ 20 ›¡¸¸¬¸¸Ê ˆ½Å acts as Managing Trustee of nearly 20 trusts and catalysts its
social responsibility by extending help to poor people.
œÏ¤¸¿š¸ˆÅú¡¸ ›¡¸¸¬¸ú ˆ½Å ³Åœ¸ Ÿ¸Ê ˆÅ¸¡¸Ä ¢ˆÅ¡¸¸ Š¸¡¸¸ ÷¸˜¸¸ Š¸£ú¤¸ ¥¸¸½Š¸¸Ê ˆÅú Ÿ¸™™ ˆÅ£ ‚œ¸›¸½
¬¸¸Ÿ¸¸¢]¸ˆÅ „™¸¢¡¸÷¨¸ ˆÅ¸½ „÷œÏ½£ˆÅ ¤¸›¸¸¡¸¸— Company has followed all the instructions regarding safety
during COVID-19 issued by Government of India/ Ministry of
Corporate Affairs. The Company has also donated through its
ˆ¿Åœ¸›¸ú ׸£¸ ˆÅ¸½¢¨¸”-19 ˆ½Å ™¸¾£¸›¸ ž¸¸£÷¸ ¬¸£ˆÅ¸£/ ˆÅ¸£œ¸¸½£½’ ˆÅ¸¡¸Ä Ÿ¸¿°¸¸¥¸¡¸ ˆÅú
trusts ` 305 lacs to 857 beneficiaries.
÷¸£ûÅ ¬¸½ ]¸¸£ú ¬¸º£®¸¸ ˆ½Å ¬¸ž¸ú ¢›¸™½Ä©¸¸Ê ˆÅ¸ œ¸¸¥¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— ˆ¿Åœ¸›¸ú ›¸½ ‚œ¸›¸½ ’﬒¸Ê
The net profit of METCO for FY 2020-21 stood at ` 70.85 lakhs.
ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ 857 ¥¸¸ž¸¸¢˜¸Ä¡¸¸Ê ˆÅ¸½ ` 305 ¥¸¸‰¸ ™¸›¸ ¢ˆÅ¡¸¸—
9. IMPLEMENTATION OF OFFICIAL LANGUAGE POLICY
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ Ÿ¸½’ˆÅ¸½ ˆÅ¸ ¢›¸¨¸¥¸ ¥¸¸ž¸ ` 70.85 ¥¸¸‰¸ £í¸—
During the year 2020-21, the Bank has achieved various
9. £¸]¸ž¸¸«¸¸ ›¸ú¢÷¸ ˆÅ¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ remarkable achievements in the field of Official Language
implementation:
¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ £¸]¸ž¸¸«¸¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆ½Å ®¸½°¸ Ÿ¸Ê ˆÅƒÄ Ÿ¸í÷¨¸œ¸»µ¸Ä
i. Bank was awarded Skoch Order-of-Merit 2021 award
„œ¸¥¸¦¤š¸¡¸¸¿ œÏ¸œ÷¸ ˆÅú íÿ À for Better Implementation of Rajbhasha and became
i. ¤¸ÿˆÅ ˆÅ¸½ ¤¸½í÷¸£ £¸]¸ž¸¸«¸¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ í½÷¸º ¬ˆÅ¸Á\¸ ‚¸Á”Ä£ ‚¸ÁûÅ Ÿ¸½¢£’ the first bank to receive this award for implementation of
2021 œ¸º£¬ˆÅ¸£ ¬¸½ ¬¸ŸŸ¸¸¢›¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— ¤¸ÿ¢ˆ¿ÅŠ¸ „Ô¸¸½Š¸ Ÿ¸Ê ¡¸í œ¸º£¬ˆÅ¸£ official language.
œÏ¸œ÷¸ ˆÅ£›¸½ ¨¸¸¥¸¸ œÏ˜¸Ÿ¸ ¤¸ÿˆÅ ¤¸›¸›¸½ ˆÅ¸ ª½¡¸ ퟸ¸£½ ¤¸ÿˆÅ ˆÅ¸½ œÏ¸œ÷¸ íº‚¸— ii. Our Kolkata Zonal Office received second prize for Eastern
Region in Regional Rajbhasha Puraskar from Department
ii. Š¸¼í Ÿ¸¿°¸¸¥¸¡¸, £¸]¸ž¸¸«¸¸ ¢¨¸ž¸¸Š¸ ׸£¸ ®¸½°¸ú¡¸ £¸]¸ž¸¸«¸¸ œ¸º£¬ˆÅ¸£¸Ê ˆ½Å of Official Language, Ministry of Home Affairs.
‚¿÷¸Š¸Ä÷¸ œ¸»¨¸Ä ®¸½°¸ ˆ½Å ¢¥¸‡ ퟸ¸£½ ˆÅ¸½¥¸ˆÅ¸÷¸¸ ‚¿\¸¥¸ ˆÅ¸¡¸¸Ä¥¸¡¸ ˆÅ¸½ ¢×÷¸ú¡¸ iii. Various Town Official Language Implementation
œ¸º£¬ˆÅ¸£ œÏ¸œ÷¸ íº‚¸— Committees (TOLIC) convened by other Banks awarded
our Kolkata, Goa, Jaipur, Patna Zonal Offices and
iii. ‚›¡¸ ¤¸ÿˆÅ¸Ê ׸£¸ ¬¸¿¡¸¸½¢]¸÷¸ ¢¨¸¢ž¸››¸ ›¸Š¸£ £¸]¸ž¸¸«¸¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ Varanasi Branch (Lucknow Zone), Jodhpur Branch
¬¸¢Ÿ¸¢÷¸¡¸¸Ê ׸£¸ „÷ˆ¼Å«’ £¸]¸ž¸¸«¸¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ í½÷¸º ퟸ¸£½ ¤¸ÿˆÅ ˆ½Å (Jaipur Zone) for excellent implementation of Official
Language.
ˆÅ¸½¥¸ˆÅ¸÷¸¸, Š¸¸½¨¸¸, ]¸¡¸œ¸º£, œ¸’›¸¸ ‚¿\¸¥¸ ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê ÷¸˜¸¸ ¨¸¸£¸µ¸¬¸ú
©¸¸‰¸¸ (¥¸‰¸›¸… ‚¿\¸¥¸) ‡¨¸¿ ]¸¸½š¸œ¸º£ ©¸¸‰¸¸ (]¸¡¸œ¸º£ ‚¿\¸¥¸) ˆÅ¸½ iv. Monthly Rajbhasha e-Magazine ‘Rajbhasha E-Pragati’ is
being regularly published every month. As a new initiative
œ¸º£¬ˆÅ¸£ œÏ™¸›¸ ¢ˆÅ‡ Š¸‡—
Rajbhasha E-Pragati in Brail script is also published
for the benefit of visually challenged employees of the
iv. ¤¸ÿˆÅ ˆÅú Ÿ¸¸¢¬¸ˆÅ ƒÄ-œ¸¢°¸ˆÅ¸ `£¸]¸ž¸¸«¸¸ ƒÄ-œÏŠ¸¢÷¸' œÏ¢÷¸ Ÿ¸¸í ¢›¸¡¸¢Ÿ¸÷¸ ³Åœ¸
Bank.
¬¸½ œÏˆÅ¸¢©¸÷¸ ˆÅú Š¸ƒÄ— ‡ˆÅ ›¸ƒÄ œ¸í¥¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢™¨¡¸¸¿Š¸]¸›¸¸Ê ˆ½Å ¥¸¸ž¸ í½÷¸º
v. Bank is the convener Bank for Town Official Language
`£¸]¸ž¸¸«¸¸ ƒÄ-œÏŠ¸¢÷¸' ˆÅ¸ ¤Ï½¥¸ ¢¥¸¢œ¸ Ÿ¸Ê ž¸ú œÏˆÅ¸©¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—
Implementation Committee (TOLIC) in Mumbai, Pune,
Solapur, Latur & Jalgaon. Meetings of these committees
v. ¤¸ÿˆÅ Ÿ¸º¿¤¸ƒÄ, œ¸ºµ¸½, ¬¸¸½¥¸¸œ¸º£, ¥¸¸÷¸»£ ‚¸¾£ ]¸¥¸Š¸¸¿¨¸ Ÿ¸Ê ›¸Š¸£ £¸]¸ž¸¸«¸¸
were held regularly during the year and various activities
ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ¬¸¢Ÿ¸¢÷¸ (’¸Á¢¥¸ˆÅ) ˆÅ¸ ¬¸¿¡¸¸½]¸ˆÅ ¤¸ÿˆÅ í¾— ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ƒ›¸ of the committees were organized throughout the year
¬¸¢Ÿ¸¢÷¸¡¸¸Ê ˆÅú ¤¸¾“ˆÅ ‚¸¾£ ¢¨¸¢ž¸››¸ Š¸¢÷¸¢¨¸¢š¸¡¸¸¿ ¢›¸¡¸¢Ÿ¸÷¸ ³Åœ¸ ¬¸½ ¢›¸š¸¸Ä¢£÷¸ as per schedule.
‚›¸º¬¸»\¸ú ˆ½Å ‚›¸º¬¸¸£ ¬¸¿œ¸››¸ ˆÅú Š¸ƒÄ— vi. “Hindi Karya Diwas” (Hindi Working Day) is being

30
Jeeef<e&keÀ efjHeesì& 2020-21
vi. œÏ÷¡¸½ˆÅ Ÿ¸¸í ˆ½Å ÷¸ú¬¸£½ ©¸¢›¸¨¸¸£ ˆÅ¸½ ¤¸ÿˆÅ ˆÅú ¬¸ž¸ú ©¸¸‰¸¸‚¸Ê ¨¸ ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê
Ÿ¸Ê ``¢í¿™ú ˆÅ¸¡¸Ä ¢™¨¸¬¸'' Ÿ¸›¸¸¡¸¸ ]¸¸÷¸¸ í¾— ƒ¬¸ ¢™›¸ ¬¸ž¸ú ˆÅŸ¸Ä\¸¸£ú ‚œ¸›¸¸
‚¢š¸ˆÅ÷¸Ÿ¸ ˆÅ¸¡¸Ä ¢í¿™ú Ÿ¸Ê ˆÅ£÷¸½ íÿ—
vii. ¤¸ÿˆÅ ˆÅ¸ Ÿ¸¸½¤¸¸ƒ¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸ œ¥¸¾’ûŸÁŸ¸Ä Ÿ¸í¸-Ÿ¸¸½¤¸¸ƒ¥¸ ˆÅ¸ ¢í¿™ú ¨¸]¸Ä›¸ „œ¸¥¸¤š¸
ˆÅ£¸¡¸¸ Š¸¡¸¸ í¾— ¤¸ÿˆÅ ˆÅú ¨¸½¤¸¬¸¸ƒ’ œ¸£ ]¸¸›¸ˆÅ¸¢£¡¸¸¿ ¢í¿™ú Ÿ¸Ê ž¸ú „œ¸¥¸¤š¸
ˆÅ£¸ƒÄ Š¸ƒÄ íÿ—
viii. ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆ½Å „œ¸¡¸¸½Š¸ í½÷¸º ¤¸ÿˆÅ ˆ½Å ƒ¿’︛¸½’ œ¸£ ``‚¸Á›¸¥¸¸ƒ›¸ £¸]¸ž¸¸«¸¸
ˆÅ¸½©¸'' ‚¸¾£ ``‚¸Á›¸¥¸¸ƒ›¸ ¢í¿™ú £¸½¬’£'' ¬¸º¢¨¸š¸¸ „œ¸¥¸¤š¸ ˆÅ£¸ƒÄ Š¸ƒÄ í¾—
ix. ¢™›¸¸¿ˆÅ 09 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ í¾™£¸¤¸¸™ Ÿ¸Ê ‚¸¡¸¸½¢]¸÷¸ £¸]¸ž¸¸«¸¸ ¬¸ŸŸ¸½¥¸›¸
ˆ½Å ™¸¾£¸›¸ ªú ‡. ‡¬¸. £¸]¸ú¨¸, œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½ Ÿ¸í¸½™¡¸ ›¸½
``Ÿ¸í¸ˆÅ¸½©¸ Ÿ¸¸½¤¸¸ƒ¥¸ ‡½œ¸'' ‚¸¾£ ``Ÿ¸í¸¤¸ÿˆÅ œÏŠ¸¢÷¸ Ÿ¸¸½¤¸¸ƒ¥¸ ‡½œ¸'' ¥¸¸Â\¸
¢ˆÅ¡¸¸— ¡¸í ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆÅ¸½ ‚œ¸›¸½ Ÿ¸¸½¤¸¸ƒ¥¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ™¸½›¸¸Ê ``‡½œ¸'' ˆ½Å
ƒ¬÷¸½Ÿ¸¸¥¸ ˆÅú ¬¸º¢¨¸š¸¸ œÏ™¸›¸ ˆÅ£½Š¸¸—
10. ¬¸º£®¸¸
¤¸ÿˆÅ ׸£¸ ¤¸ÿˆÅ ˆÅú ¬¸¿œ¸»µ¸Ä ¬¸º£®¸¸ ¨¡¸¨¸¬˜¸¸ ˆÅ¸½ š¡¸¸›¸ Ÿ¸Ê £‰¸÷¸½ íº‡ ‡ˆÅ ¨¡¸¸œ¸ˆÅ ¬¸º£®¸¸
›¸ú¢÷¸ ¤¸›¸¸ƒÄ Š¸ƒÄ í¾— ›¸ú¢÷¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ˆÅ¸ ¬¸Ÿ¸¸¨¸½©¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ À-
• ©¸¸‰¸¸‚¸Ê, œÏ©¸¸¬¸¢›¸ˆÅ ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê, ˆÅ£¿¬¸ú \¸½¬’, ”½’¸ ¬¸Ê’£, ‚›¡¸
Ÿ¸í÷¨¸œ¸»µ¸Ä ˆÊÅÍ¸Ê œ¸£ ¤¸ÿˆÅ ˆÅú ¬¸¿œ¸¢î¸¡¸¸Ê ]¸¾¬¸½ ›¸ˆÅ™ú, ¬¨¸µ¸Ä, ™¬÷¸¸¨¸½]¸ ¨¸
Ÿ¸»¥¡¸¨¸¸›¸ ¨¸¬÷¸º‚¸Ê ˆÅú £®¸¸ ˆÅ£›¸¸ ÷¸˜¸¸ ›¸ˆÅ™ú ¨¸ Ÿ¸»¥¡¸¨¸¸›¸ ¨¸¬÷¸º‚¸Ê í½÷¸º
¬¸º£®¸¸ ˆ½Å „œ¸¸¡¸ ˆÅ£›¸¸—
• ¤¸ÿ¢ˆ¿ÅŠ¸ ¨¡¸¨¸¬¸¸¡¸ ˆÅ¸½ ¬¸í]¸ ¨¸ ¬¸¸Ÿ¸¸›¡¸ ³Åœ¸ ¬¸½ \¸¥¸¸›¸½ ˆ½Å ¢¥¸‡ ¬’¸ÁûÅ,
ž¸Ê’ˆÅ÷¸¸Ä‚¸Ê ÷¸˜¸¸ ŠÏ¸íˆÅ¸Ê ˆ½Å ¢¥¸‡ ¬¸º£¢®¸÷¸, ¬¸¿£¢®¸÷¸ ÷¸˜¸¸ ‚›¸ºˆ»Å¥¸
¨¸¸÷¸¸¨¸£µ¸ ˆÅ¸ ¢›¸Ÿ¸¸Äµ¸ ˆÅ£›¸¸—
• Ÿ¸¸›¸¨¸ ¢›¸¢Ÿ¸Ä÷¸ ÷¸˜¸¸ œÏ¸ˆ¼Å¢÷¸ˆÅ ‚¸œ¸™¸‚¸Ê ¬¸½ ¤¸\¸›¸½ ˆ½Å ¢¥¸‡ „œ¸¸¡¸—
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ‚¸›¸½¨¸¸¥¸½ ‰¸÷¸£½, ¨¸÷¸ÄŸ¸¸›¸ ‚œ¸£¸¢š¸ˆÅ œ¸¢£´©¡¸¸Ê,
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11. ¬¸¢\¸¨¸ú¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸À
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12. ¢›¸™½©¸ˆÅ¸Ê ˆÅú ¢]¸ŸŸ¸½™¸£ú ˆÅ¸ ˆÅ˜¸›¸
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31
observed by all the branches & offices of the Bank on
the third Saturday of every month. All the staff are doing
their maximum work in Hindi on this day.
vii. Hindi version of Bank’s mobile banking platform Maha-
Mobile has been made available. Information on Bank’s
website are also provided in Hindi.
viii. The facility of “Online Rajbhasha Kosh” & “Online Hindi
Roster” is made available on Bank’s intranet for the use
of employees.
ix. “Maha Kosh Mobile App” and “Mahabank Pragati Mobile
App” were launched by Shri A. S. Rajeev, MD & CEO
during the Rajbhasha Conference on 9th March, 2021 at
Hyderabad. This will facilitate the employees to access
both these “Apps” through their mobiles.
10. SECURITY
The Bank has put in place a comprehensive Security Policy
covering the entire Security arrangements in the Bank. The
policy covers the following:
• Protect the Bank’s assets such as cash, gold, documents
and valuables at branches, administrative offices,
currency chests, data centre, other critical centres and
security measures for cash and valuables.
• Create a secure, safe and conducive environment for,
Staff, visitors and customers to conduct smooth and
normal banking business.
• Measures to counter manmade disasters and natural
calamities.
During the FY 2020-21, proactive steps were taken on the
physical security requirements in the Bank after analysis of the
threat perception, current crime scenario, crime pattern, modus
operandi of bank robberies, breaches of security and fire
incidents besides equipping and training the security personnel
and other bank staff to counter any eventuality.
11. SECRETARIAL AUDIT:
Pursuant to Regulation 24A of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and SEBI Circular
No. CIR/CFD/CMD1/27/2019 dated February 08, 2019,
Bank had appointed M/s. Joshi & Joshi, Practicing Company
Secretaries, Pune as a Secretarial Auditor to undertake
secretarial audit of Bank for the financial year 2020-21. The
Secretarial Audit Report is annexed to this Report. There is no
secretarial audit qualification for the year under review.
12 DIRECTORS’ RESPONSIBILITY STATEMENT:
The Directors confirm that in the preparation of the annual
accounts for the Financial Year ended March 31, 2021:
a) The applicable accounting standards had been followed
along with proper explanation relating to material
departures, if any;
b) The accounting policies framed in accordance with the
guidelines of RBI were followed and the directors had
selected such accounting policies and applied them
consistently and made judgments and estimates that
are reasonable and prudent so as to give a true and fair
view of the state of affairs of the Bank at the end of the
financial year and of the profit and loss of the Bank for
that period;
c) The directors had taken proper and sufficient care for
the maintenance of adequate accounting records in
accordance with the provisions of applicable laws to the

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15. ¨¡¸¨¸¬¸¸¡¸ „™¸¢¡¸÷¨¸ ¢£œ¸¸½’Ä À
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16. ‚¸ž¸¸£
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32
Annual Report 2020-21
Bank for safeguarding the assets of the Bank and for
preventing and detecting fraud and other irregularities;
d) The directors had prepared the annual accounts on a
going concern basis;
e) The directors had ensured that internal financial controls
followed by the Bank are in accordance with guidelines
issued by RBI in this regard and that such internal
financial controls are adequate and were operating
effectively; and
f) The directors had devised proper systems to ensure
compliance with the provisions of all applicable laws
and that such systems were adequate and operating
effectively.
13 CHANGES IN THE BOARD OF DIRECTORS:
During the year 2020-21, the following changes took place in
the Board of Directors:
Shri A.B. Vijayakumar was appointed as an Executive Director
of the Bank by the Government of India w.e.f 10.03.2021 in
place of Shri Nageswara Rao Y., who completed his term as an
Executive Director of the Bank on 21.01.2021.
14 DIVIDEND DISTRIBUTION POLICY:
In terms of Clause 43A of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, Bank has formed
a Dividend Distribution Policy and the same is available on the
Bank's website i.e. www.bankofmaharashtra.in.
15 BUSINESS RESPONSIBILITY REPORT:
As per the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, Business Responsibility
Report (BRR) 2020-21 of the Bank is available on the Bank's
website i.e. www.bankofmaharashtra.in.
16 ACKNOWLEDGEMENT:
The Board of Directors place on record their appreciation for
the contribution made by the outgoing Director Shri Nageswara
Rao Y.
The Board of Directors wishes to express sincere gratitude
to the Government of India, the Reserve Bank of India, the
Securities and Exchange Board of India, Insurance Regulatory
and Development Authority, Indian Banks’ Association,
Stock Exchanges and Depositories for their valuable advice,
guidance and support; to the Customers and Stakeholders
for their patronage; to the correspondents and associates for
their co-operation and to all the members of staff of “Mahabank
Family” for their unstinted commitment and contribution to the
overall development of the Bank.
For and on behalf of the Board of Directors
Place: Pune (A.S. RAJEEV)
Date 29th April, 2021 Managing Director and CEO
Jeeef<e&keÀ efjHeesì& 2020-21

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ퟸ›¸½ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ‚›¸º¬¸¸£ 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¢¨¸î¸ú¡¸ ¨¸«¸Ä í½÷¸º ¤¸ÿˆÅ ˆÅú ¤¸¢í¡¸¸Ê, ˆÅ¸Š¸]¸¸÷¸, ˆÅ¸¡¸Ä¨¸¼î¸œ¸º¦¬÷¸ˆÅ¸‡¿, œÏœ¸°¸ ‚¸¾£ ûŸƒÄ¥¸ ˆÅú Š¸ƒÄ ¢¨¸¨¸£¢µ¸¡¸¸¿ ¨¸ ‚›¡¸ ‚¢ž¸¥¸½‰¸
ˆÅú ]¸¸¿\¸ ˆÅú í¾ À
(i) ˆ¿Åœ¸›¸ú ‚¢š¸¢›¸¡¸Ÿ¸, 2013 (‚¢š¸¢›¸¡¸Ÿ¸) ‚¸¾£ „¬¸ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¤¸›¸¸‡ Š¸‡ ¢›¸¡¸Ÿ¸, ¥¸¸Š¸» ¬¸úŸ¸¸ ÷¸ˆÅ;
(ii) œÏ¢÷¸ž¸»¢÷¸ ¬¸¿¢¨¸™¸ (¢¨¸¢›¸¡¸Ÿ¸›¸) ‚¢š¸¢›¸¡¸Ÿ¸, 1956 ('‡¬¸¬¸ú‚¸£') ‚¸¾£ ƒ¬¸ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¤¸›¸¸‡ Š¸‡ ¢›¸¡¸Ÿ¸;
(iii) ¢”œ¸¸Á¢]¸’£ú ‚¢š¸¢›¸¡¸Ÿ¸, 1996 ‚¸¾£ ¢¨¸¢›¸¡¸Ÿ¸¸Ê ‚¸¾£ „¬¸ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¤¸›¸¸‡ Š¸‡ „œ¸¢›¸¡¸Ÿ¸;
(iv) ¢¨¸™½©¸ú Ÿ¸ºÍ¸ œÏ¤¸¿š¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸, 1999 ‚¸¾£ ¢¨¸™½©¸ú œÏ÷¡¸®¸ ¢›¸¨¸½©¸, ‚¸½¨¸£¬¸ú]¸ œÏ÷¡¸®¸ ¢›¸¨¸½©¸ ‚¸¾£ ¤¸¸à¸ ¨¸¸¢µ¸¦]¡¸ˆÅ „š¸¸£ ˆÅú ¬¸úŸ¸¸ ÷¸ˆÅ ¤¸›¸¸‡ Š¸‡¢›¸¡¸Ÿ¸ ‚¸¾£ ¢¨¸¢›¸¡¸Ÿ¸;
(v) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä ‚¢š¸¢›¸¡¸Ÿ¸, 1992 ('¬¸½¤¸ú ‚¢š¸¢›¸¡¸Ÿ¸') ˆ½Å ‚¿÷¸Š¸Ä÷¸¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ¢¨¸¢›¸¡¸Ÿ¸ ‚¸¾£ ¢™©¸¸¢›¸™½Ä©¸ ¢›¸š¸¸Ä¢£÷¸ íÿÀ -
(ˆÅ) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (©¸½¡¸£¸Ê ‚¸¾£ ‚¢š¸ŠÏíµ¸¸Ê ˆÅ¸ œ¸¡¸¸Äœ÷¸ ‚¢š¸ŠÏíµ¸) ¢¨¸¢›¸¡¸Ÿ¸, 2011;
(‰¸) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (¬¸»\¸úˆÅ£µ¸ ‚¸¾£ œÏˆÅ’úˆÅ£µ¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅú ¬¸»\¸ú) ¢¨¸¢›¸¡¸Ÿ¸, 2015
(Š¸) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (‚¸¿÷¸¢£ˆÅ¨¡¸¸œ¸¸£ ˆÅ¸ ¢›¸«¸½š¸) ¢¨¸¢›¸¡¸Ÿ¸, 2015;
(‹¸) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (œ¸»¿]¸ú ‚¸¾£ œÏˆÅ’úˆÅ£µ¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅ¸ ¢›¸Š¸ÄŸ¸) ¢¨¸¢›¸¡¸Ÿ¸, 2018;
(Œ) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (©¸½¡¸£ ‚¸š¸¸¢£÷¸ ˆÅŸ¸Ä\¸¸£ú ¥¸¸ž¸) ¢¨¸¢›¸¡¸Ÿ¸, 2014; (¬¸Ÿ¸ú®¸¸š¸ú›¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¥¸¸Š¸» ›¸íú¿)
(\¸) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (†µ¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸ ¢›¸Š¸ÄŸ¸ ‚¸¾£ ¬¸»\¸ú¤¸ÖˆÅ£µ¸) ¢¨¸¢›¸¡¸Ÿ¸, 2008;
(Ž) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (¢›¸Š¸ÄŸ¸‚¸¾£ ©¸½¡¸£ í¬÷¸¸¿÷¸£µ¸ ‡]¸Ê’ ˆ½Å ¢¥¸‡ £¢]¸¬’︣) ¢¨¸¢›¸¡¸Ÿ¸, 1993 ˆ¿Åœ¸›¸ú ‚¢š¸¢›¸¡¸Ÿ¸ ‚¸¾£ ŠÏ¸íˆÅ ˆ½Å ¬¸¸˜¸ ¨¡¸¨¸í¸£ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê
(¬¸Ÿ¸ú®¸¸š¸ú›¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¥¸¸Š¸» ›¸íú¿)
(]¸) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê ˆÅ¸ ”ú¢¥¸¦¬’¿Š¸) ¢¨¸¢›¸¡¸Ÿ¸, 2009; (¬¸Ÿ¸ú®¸¸š¸ú›¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¥¸¸Š¸» ›¸íú¿)
(^¸) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (œÏ¢÷¸ž¸»¢÷¸ œ¸º›¸‰¸Ä£ú™) ¢¨¸¢›¸¡¸Ÿ¸, 1998; (¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¥¸¸Š¸» ›¸íú¿)
(‘¸) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (¢›¸Š¸ÄŸ¸›¸ ¤¸ÿˆÅˆÅ¸£) ¢¨¸¢›¸¡¸Ÿ¸, 1994;
(’) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (Ÿ¸\¸½ô’ ¤¸ÿˆÅ¬¸Ä) ¢¨¸¢›¸¡¸Ÿ¸, 1992;
(“) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (¢›¸®¸½œ¸¸Š¸¸£ ¬¸íž¸¸Š¸ú) ¢¨¸¢›¸¡¸Ÿ¸, 1996/2018;
”) ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (¢”¤¸Ê\¸£ ’﬒ú) ¢¨¸¢›¸¡¸Ÿ¸, 1993;
([) ¢¨¸©¸½«¸ ³Åœ¸ ¬¸½ ¤¸ÿˆÅ ˆ½Å ¢¥¸‡ ¥¸¸Š¸» ‚›¡¸ ˆÅ¸›¸»›¸À
(i) ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸¢›¸¡¸¸Â („œ¸ÇÅŸ¸¸Ê ˆÅ¸ ‚¢š¸ŠÏíµ¸ ‚¸¾£ ¬˜¸¸›¸¸¿÷¸£µ¸) ‚¢š¸¢›¸¡¸Ÿ¸, 1970 ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸, 1949 ˆ½Å ¬¸¸˜¸ œ¸¢“÷¸ —
(ii) £¸«’ïú¡¸ˆ¼Å÷¸ ¤¸ÿˆÅ (œÏ¤¸¿š¸›¸ ‚¸¾£ ¢¨¸¢¨¸š¸ œÏ¸¨¸š¸¸›¸) ¡¸¸½]¸›¸¸, 1970

33
 Annual Report 2020-21

(iii) ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï (©¸½¡¸£ ‚¸¾£ Ÿ¸ú¢’¿Š¸) ¢¨¸¢›¸¡¸Ÿ¸, 2004

(iv) ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ‚¢š¸¢›¸¡¸Ÿ¸, 1934
(v) ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸ ‚¢š¸¢›¸¡¸Ÿ¸, 1949
(vi) ¤¸ÿˆÅ£ ¤¸ºˆÅ ‡¢¨¸”ʬ¸ ‡Æ’, 1891
(vii) ¤¸ÿ¢ˆ¿ÅŠ¸ ¥¸¸½ˆÅœ¸¸¥¸ ¡¸¸½]¸›¸¸, 2006
(viii) ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸¢›¸¡¸¸Â (‚¢ž¸¥¸½‰¸¸Ê ˆ½Å ¬¸¿£®¸µ¸ ˆÅú ‚¨¸¢š¸) ¢›¸¡¸Ÿ¸, 1985
(ix) œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ‚¸¾£ ¢¨¸î¸ú¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ œ¸º›¸Š¸Ä“›¸ ‚¸¾£ œÏ¢÷¸ž¸»¢÷¸ ¢í÷¸ œÏ¨¸÷¸Ä›¸ ‚¢š¸¢›¸¡¸Ÿ¸ 2002 (¬¸£û½Å¬¸ú)÷¸˜¸¸ œÏ¢÷¸ž¸»¢÷¸ ¢í÷¸ (œÏ¨¸÷¸Ä›¸) ¢›¸¡¸Ÿ¸ 2002
(x) š¸›¸ ©¸¸½š¸›¸ ¢›¸¨¸¸£µ¸ ‚¢š¸¢›¸¡¸Ÿ¸, 2002 ÷¸˜¸¸ š¸›¸ ©¸¸½š¸›¸ ¢›¸¨¸¸£µ¸ (‚¢ž¸¥¸½‰¸¸Ê ˆÅ¸ £‰¸£‰¸¸¨¸) ¢›¸¡¸Ÿ¸, 2005
ퟸ›¸½ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ˆ½Å œÏ¡¸¸½]¡¸ ‰¸¿”¸Ê ˆ½Å ‚›¸ºœ¸¸¥¸›¸ ˆÅú ž¸ú ]¸¸¿\¸ ˆÅú í¾À
(i) ž¸¸£÷¸ú¡¸ ˆ¿Åœ¸›¸ú ¬¸¢\¸¨¸ ¬¸¿¬˜¸¸›¸ ׸£¸ ]¸¸£ú ¬¸¢\¸¨¸ú¡¸ Ÿ¸¸›¸ˆÅ ¥¸¸Š¸» ›¸íú¿
(ii) ¤¸ú‡¬¸ƒÄ ¢¥¸¢Ÿ¸’½” ‚¸¾£ ›¸½©¸›¸¥¸ ¬’¸ÁˆÅ ‡Æ¬¸\¸Ê]¸ ‚¸ÁûÅ ƒ¿¢”¡¸¸ ¢¥¸¢Ÿ¸’½” ˆ½Å ¬¸¸˜¸ ¤¸ÿˆÅ ׸£¸ ¢ˆÅ‡ Š¸‡ ¬¸»\¸ú¤¸Ö÷¸¸ ˆÅ£¸£;
¬¸Ÿ¸ú®¸¸š¸ú›¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 í½÷¸º ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆ½Å ‚›¸º¬¸»\¸ú 18 ˆ½Å Ÿ¸™ ÇÅ.9.6 Ÿ¸Ê ‹¸¸½¢«¸÷¸ ¢ˆÅ‡ Š¸‡ œÏ¥¸¿¢¤¸÷¸ ©¸º¥ˆÅ/ œÏž¸¸£¸Ê ‚˜¸¨¸¸ œÏ™î¸ œ¸½›¸¸¥’ú ÷¸˜¸¸ ]¸í¸¿
¤¸ÿˆÅ ˆÅ¸½ ˆÅ¸£µ¸ ¤¸÷¸¸‚¸½ ›¸¸½¢’¬¸ ¢Ÿ¸¥¸½ íÿ „›íÊ Ž¸½”õˆÅ£ ¤¸ÿˆÅ ›¸½ ‚¢š¸¢›¸¡¸Ÿ¸¸Ê, ¢›¸¡¸Ÿ¸¸Ê, ¢¨¸¢›¸¡¸Ÿ¸¸Ê, ¢™©¸¸¢›¸™½Ä©¸¸Ê, Ÿ¸¸›¸ˆÅ¸Ê ‚¸¢™ ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ¢ˆÅ¡¸¸ í¾—

ퟸ ¡¸í ž¸ú ¢£œ¸¸½’Ä ˆÅ£÷¸½ íÿ ¢ˆÅ

ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅŠ¸µ¸, Š¸¾£-ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ ‚¸¾£ ¬¨¸÷¸¿°¸ ¢›¸™½©¸ˆÅ¸Ê ˆ½Å „œ¸¡¸ºÆ÷¸ ¬¸¿÷¸º¥¸›¸ ˆ½Å ¬¸¸˜¸ ¤¸ÿˆÅ ˆÅ¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ¢¨¸¢š¸¨¸÷¸ Š¸¢“÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ¬¸Ÿ¸ú®¸¸š¸ú›¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸
¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆ½Å Š¸“›¸ Ÿ¸Ê œ¸¢£¨¸÷¸Ä›¸ ‚¢š¸¢›¸¡¸Ÿ¸ ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ¢ˆÅ‡ Š¸‡—
¬¸¸˜¸ íú, ¤¸¸½”Ä ˆÅú ¤¸¾“ˆÅ¸Ê ˆ½Å ‚¸¡¸¸½]¸›¸ í½÷¸º ¬¸ž¸ú ¢›¸™½©¸ˆÅ¸Ê ˆÅ¸½ œ¸¡¸¸Äœ÷¸ ›¸¸½¢’¬¸ ¢™‡ Š¸‡, ˆÅ¸¡¸Ä¬¸»\¸ú ‚¸¾£ ˆÅ¸¡¸Ä¬¸»\¸ú œ¸£ ¢¨¸¬÷¸¼÷¸ ›¸¸½’ ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆ½Å ‚›¸º¬¸¸£ ˆÅŸ¸ ¬¸½ ˆÅŸ¸ 15 ¢™›¸ œ¸»¨¸Ä ž¸½]¸½ Š¸‡,
ˆ½Å¨¸¥¸ ˆºÅŽ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ Ž¸½”õˆÅ£ ›¡¸»›¸÷¸Ÿ¸ ¬¸¸÷¸ ¢™›¸ œ¸»¨¸Ä ž¸½]¸½ Š¸‡ ]¸¾¬¸¸ ¢ˆÅ ‡¥¸‚¸½”ú‚¸£ 2015 ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‚œ¸½¢®¸÷¸ í¾, ‚¸¾£ ¤¸¾“ˆÅ Ÿ¸Ê ¬¸¸˜¸ÄˆÅ ¬¸íž¸¸¢Š¸÷¸¸ í½÷¸º ÷¸˜¸¸ ¤¸¾“ˆÅ ¬¸½ œ¸»¨¸Ä ˆÅ¸¡¸Ä¬¸»\¸ú
ˆÅú Ÿ¸™¸Ê œ¸£ ‚¸Š¸¸Ÿ¸ú ¬¸»\¸›¸¸ ÷¸˜¸¸ ¬œ¸«’úˆÅ£µ¸ œÏ¸œ÷¸ ˆÅ£›¸½ í½÷¸º ‡ˆÅ ¬¸Ÿ¸»¢\¸÷¸ œÏµ¸¸¥¸ú ¢¨¸Ô¸Ÿ¸¸›¸ í¾—
‚¢š¸ˆÅ¸¿©¸ ¢›¸µ¸Ä¡¸¸Ê ˆÅ¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾, ]¸¤¸¢ˆÅ ‚¬¸íŸ¸÷¸ ¬¸™¬¡¸¸Ê ˆ½Å ¢¨¸\¸¸£¸Ê ˆÅ¸½ ˆÅ¸¡¸Ä¨¸¼î¸ ˆ½Å ž¸¸Š¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ‚¢ž¸¥¸½¢‰¸÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
ퟸ ¡¸í ž¸ú ¢£œ¸¸½’Ä ˆÅ£÷¸½ íÿ ¢ˆÅ ¥¸¸Š¸» ¢¨¸¢š¸¡¸¸Ê, ¢›¸¡¸Ÿ¸¸Ê, ¢¨¸¢›¸¡¸Ÿ¸¸Ê ‚¸¾£ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ í½÷¸º ÷¸˜¸¸ ƒ¬¸ˆÅú ¢›¸Š¸£¸›¸ú ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆ½Å œ¸¢£\¸¸¥¸›¸¸Ê ‚¸¾£ ‚¸ˆÅ¸£ ˆ½Å ‚›¸º¬¸£µ¸
Ÿ¸Ê ¤¸ÿˆÅ Ÿ¸Ê œ¸¡¸¸Äœ÷¸ œÏµ¸¸¢¥¸¡¸¸¿ ‚¸¾£ œ¸Ö¢÷¸¡¸¸¿ í¾— ÷¸˜¸¸¢œ¸ ¬¸Ÿ¸ú®¸¸š¸ú›¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ˆÅ¢÷¸œ¸¡¸ Ÿ¸¸Ÿ¸¥¸¸Ê Ÿ¸Ê ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ œÏ¸¢š¸ˆÅ¸¢£¡¸¸Ê ׸£¸ ¤¸ÿˆÅ œ¸£ œ¸½›¸¸¥’ú ¥¸Š¸¸ƒÄ Š¸ƒÄ í¾ ‚¸¾£ ƒ¬¸½ ¤¸ÿˆÅ ׸£¸ ¢¨¸î¸ú¡¸
¨¸«¸Ä 2020-21 í½÷¸º ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ‚›¸º¬¸»\¸ú 18 ˆ½Å Ÿ¸™ ÇÅ.9.6 Ÿ¸Ê ‹¸¸½¢«¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—

Ÿ¸ÿ/ ퟸ ¡¸í ž¸ú ¢£œ¸¸½’Ä ˆÅ£÷¸½ íÿ ¢ˆÅ ¥¸½‰¸¸ œ¸£ú®¸¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½
(i) ‚¢š¸Ÿ¸¸›¸ ‚¸š¸¸£ œ¸£ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅ¸½ ƒÄ¦Æ¨¸’ú ©¸½¡¸£ ]¸¸£ú ¢ˆÅ‡;
(ii) œ¸º›¸£ú®¸¸š¸ú›¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢’¡¸£ II ¤¸¸Áµ” ]¸¸£ú ¢ˆÅ‡ ;
(iii) ˆ¿Åœ¸›¸ú ‚¢š¸¢›¸¡¸Ÿ¸, 2013 ˆÅú š¸¸£¸ 180 ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ¬¸™¬¡¸¸Ê ׸£¸ ˆÅ¸½ƒÄ Ÿ¸í÷¨¸œ¸»µ¸Ä ¢›¸µ¸Ä¡¸ ›¸íú¿ ¢¥¸‡ Š¸‡—
(iv) ˆÅ¸½ƒÄ ¢¨¸¥¸¡¸/ ¬¸Ÿ¸¸Ÿ¸½¥¸›¸ / œ¸»›¸¬¸Ä£\¸›¸¸, ‚¸¢™ ›¸íú¿ ¢ˆÅ¡¸¸,
(v) ˆÅ¸½ƒÄ ¢¨¸™½©¸ú ÷¸ˆÅ¢›¸ˆÅú ¬¸Ÿ¸^¸¸¾÷¸¸ ›¸íú¿ ¢ˆÅ¡¸¸—

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34
Jeeef<e&keÀ efjHeesì& 2020-21
Form No. MR-3
SECRETARIAL AUDIT REPORT
FOR THE FINANCIAL YEAR ENDED MARCH 31, 2021.
[Pursuant to section 204(1) of the Companies Act, 2013 and rule
No.9 of the Companies (Appointment and Remuneration Personnel)
Rules, 2014 and as per SEBI Circular No CIR/CFD/CMD1/27/2019 dated February 08, 2019]
SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED MARCH 31, 2021

To,
The Members,
Bank of Maharashtra,
We have conducted the Secretarial Audit of the compliance of applicable statutory provisions and the adherence to good corporate practices
by Bank of Maharashtra (hereinafter called the “Bank”). Secretarial Audit was conducted in a manner that provided us a reasonable basis for
evaluating the corporate conducts/statutory compliances and expressing our opinion thereon.
Based on our verification of the Bank’s books, papers, minute books, forms and returns filed and other records maintained by the Bank and
also the information provided by the Bank, its officers, agents and authorized representatives during the conduct of secretarial audit, we hereby
report that in our opinion, the Bank has, during the audit period covering the financial year ended on March 31, 2021 complied with the statutory
provisions listed hereunder and also that the Bank has proper Board-processes and compliance-mechanism in place to the extent, in the manner
and subject to the reporting made hereinafter:
We have examined the books, papers, minute books, forms, and returns filed, and other records maintained by the Bank for the financial year
ended on March 31, 2021 according to the provisions of:
(i) The Companies Act, 2013 (the Act) and the rules made thereunder, to the extent applicable;
(ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made thereunder;
(iii) The Depositories Act, 1996 and the Regulations and Byelaws framed thereunder;
(iv) Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of Foreign Direct Investment,
Overseas Direct Investment and External Commercial Borrowings;
(v) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (‘SEBI Act’): -
(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
(b) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
(c) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;
(d) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018;
(e) The Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 – Not Applicable during the period
under review;
(f) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;
(g) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the
Companies Act and dealing with client -Not applicable during the period under review;
(h) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009- Not applicable during the period under
review;
(i) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998; (not applicable during the year)
(j) Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994;
(k) Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992;
(l) Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996/2018;
(m) Securities and Exchange Board of India (Debenture Trustee) Regulations, 1993;
(n) other laws applicable specifically to the Bank:
(i) The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 read with The Banking Regulation Act, 1949.
(ii) The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970.
(iii) Bank of Maharashtra (Shares and Meeting) Regulations, 2004.
(iv) Reserve Bank of India Act, 1934.
(v) Banking Regulations Act, 1949.
(vi) Banker’s Book Evidence Act, 1891.
(vii) Banking Ombudsman Scheme, 2006.
(viii) The Banking Companies (Period of Preservation of Records) Rules, 1985.
(ix) The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFESI) Act, 2002 and
The Security Interest (Enforcement) Rules, 2002.

35
 Annual Report 2020-21

(x) The Prevention of Money Laundering Act, 2002 and The Prevention of Money Laundering (Maintenance of Records) Rules,
2005.
We have also examined compliance with the applicable clauses of the following:
(i) Secretarial Standards issued by The Institute of Company Secretaries of India. - Not Applicable
(ii) The Listing Agreements entered by the Bank with BSE Limited and National Stock Exchange of India Limited;
During the period under review the Bank has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc.,
mentioned above except that the Bank has received show cause notices and awarded penalty or delayed fees/ charges as disclosed by
the Bank in point no.9.6 of Schedule 18 to the Audited Financial Statements of the Bank for FY 2020-2021.

We further report that

The Board of Directors of the Bank is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent
Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance
with the applicable provisions of the Act.
Further, adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven
days in advance as required under LODR 2015, and a system exists for seeking and obtaining further information and clarifications on the agenda
items before the meeting and for meaningful participation at the meeting.
Majority decision is carried through, while the dissenting members’ views are captured and recorded as part of the minutes.
We further report that there are adequate systems and processes in the Bank commensurate with the size and operations of the Bank to monitor
and ensure compliance with applicable laws, rules, regulations, and guidelines. However, penalties have been imposed on the Bank by Regulatory
Authorities in certain cases during the period under review and same is disclosed by Bank in point no.9.6 of Schedule 18 of financial statements
for FY 2020-2021.

We further report that during the audit period, the Bank has
(i) Issued Equity Shares to Government of India on Preferential basis;
(ii) Issued Tier II Bonds during the period under review.
(iii) taken no major decisions by the members in pursuance to Section 180 of the Companies Act, 2013
(iv) No Merger / amalgamation / reconstruction, etc.
(v) No Foreign Technical Collaborations

For Joshi & Joshi,

(Formerly known as Apte Joshi & Associates),
Company Secretaries

Harshal Raghavendra Joshi

Partner
Date: April 29,2021 FCS: 9897 CP: 10450
Place: Pune UDIN: F009897C000211571

36
Jeeef<e&keÀ efjHeesì& 2020-21

‚›¸º¥¸Š›¸ˆÅ - ‡

œÏ¢÷¸,
¬¸™¬¡¸,
¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï,
ퟸ¸£ú ¬¸¿¢™›¸¸¿¢ˆÅ÷¸ ¢£œ¸¸½’Ä ƒ¬¸ œ¸°¸ ˆ½Å ¬¸¸˜¸ œ¸[õú ]¸¸›¸ú í¾ -
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2. ퟸ›¸½ ¬¸¢\¸¨¸ú¡¸ ‚¢ž¸¥¸½‰¸¸Ê ˆÅú ¢¨¸«¸¡¸¨¸¬÷¸º ˆÅú ¬¸’úˆÅ÷¸¸ ˆ½Å ¤¸¸£½ Ÿ¸Ê „¢\¸÷¸ ‚¸æ¸¸¬¸›¸ œÏ¸œ÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ „œ¸¡¸ºÆ÷¸ ¥¸½‰¸¸œ¸£ú®¸¸ œ¸Ö¢÷¸¡¸¸Ê ‚¸¾£ œÏ¢ÇÅ¡¸¸‚¸Ê ˆÅ¸ œ¸¸¥¸›¸ ¢ˆÅ¡¸¸ í¾— ¡¸í ¬¸º¢›¸¢ä¸÷¸
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¢ˆÅ ¬¸¢\¸¨¸ú¡¸ ‚¢ž¸¥¸½‰¸¸Ê Ÿ¸Ê ¬¸íú ÷¸˜¡¸ œ¸¢£¥¸¢®¸÷¸ í¸½÷¸½ íÿ, œ¸£ú®¸µ¸ ˆ½Å ‚¸š¸¸£ œ¸£ ¬¸÷¡¸¸œ¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ˜¸¸— ퟸ Ÿ¸¸›¸÷¸½ íÿ ¢ˆÅ ¢]¸›¸ œÏ¢ÇÅ¡¸¸‚¸Ê ‚¸¾£ œÏ˜¸¸‚¸Ê ˆÅ¸ ퟸ›¸½ œ¸¸¥¸›¸
¢ˆÅ¡¸¸, ¨¸í ퟸ¸£ú £¸¡¸ ˆ½Å ¢¥¸‡ ‡ˆÅ „¢\¸÷¸ ‚¸š¸¸£ œÏ™¸›¸ ˆÅ£÷¸ú í¾—
3. ퟸ›¸½ ¤¸ÿˆÅ ˆ½Å ¢¨¸î¸ú¡¸ ‚¢ž¸¥¸½‰¸¸Ê ‚¸¾£ ¥¸½‰¸¸ ¤¸¢í¡¸¸Ê ˆÅú ¬¸’úˆÅ÷¸¸ ‚¸¾£ „œ¸¡¸ºÆ÷¸÷¸¸ ˆÅ¸ ¬¸÷¡¸¸œ¸›¸ ›¸íú¿ ¢ˆÅ¡¸¸ í¾—
4. ]¸í¸¿ ˆÅíú¿ ‚¸¨¸©¡¸ˆÅ í¸½, ퟸ›¸½ ˆÅ¸›¸»›¸¸Ê, ¢›¸¡¸Ÿ¸¸Ê ‚¸¾£ ¢¨¸¢›¸¡¸Ÿ¸¸Ê ˆ½Å ‚›¸ºœ¸¸¥¸›¸ ‚¸¾£ ‹¸’›¸¸‚¸Ê ˆ½Å ‹¸¢’÷¸ í¸½›¸½ ‚¸¢™ ˆ½Å ¤¸¸£½ Ÿ¸Ê œÏ¤¸¿š¸›¸ ˆÅ¸ œÏ¢÷¸¢›¸¢š¸÷¨¸ œÏ¸œ÷¸ ¢ˆÅ¡¸¸ í¾—
5. ˆÅ¸Áœ¸¸½Ä£½’ ‚¸¾£ ‚›¡¸ ¥¸¸Š¸» ˆÅ¸›¸»›¸¸Ê, ¢›¸¡¸Ÿ¸¸Ê, ¢¨¸¢›¸¡¸Ÿ¸¸Ê, Ÿ¸¸›¸ˆÅ¸Ê ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ œÏ¤¸¿š¸›¸ ˆÅú ¢]¸ŸŸ¸½™¸£ú í¾— ퟸ¸£ú œ¸£ú®¸¸ œ¸£ú®¸µ¸ ˆ½Å ‚¸š¸¸£ œ¸£ œÏ¢ÇÅ¡¸¸ ˆ½Å ¬¸÷¡¸¸œ¸›¸ ÷¸ˆÅ ¬¸ú¢Ÿ¸÷¸
˜¸ú—
6. ¬¸¢\¸¨¸ú¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ¢£œ¸¸½’Ä ›¸ ÷¸¸½ ¤¸ÿˆÅ ˆÅú ž¸¢¨¸«¡¸ ˆÅú ¨¡¸¨¸í¸¡¸Ä÷¸¸ ˆ½Å ¤¸¸£½ Ÿ¸Ê ‚¸æ¸¸¬¸›¸ í¾ ‚¸¾£ ›¸ íú „¬¸ œÏž¸¸¨¸¸½÷œ¸¸™ˆÅ÷¸¸ ¡¸¸ œÏž¸¸¨¸©¸ú¥¸÷¸¸ ˆ½Å ¤¸¸£½ Ÿ¸Ê ¢]¸¬¸ˆ½Å ¬¸¸˜¸ œÏ¤¸¿š¸›¸ ›¸½ ¤¸ÿˆÅ ˆ½Å
Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸ ¬¸¿\¸¸¥¸›¸ ¢ˆÅ¡¸¸ í¾—
7. ¥¸¸ÁˆÅ”¸„›¸ ˆ½Å ˆÅ¸£µ¸ \¸¸¥¸» ¨¸«¸Ä ˆ½Å ¢¥¸‡ ¬¸¢\¸¨¸ú¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ]¡¸¸™¸÷¸£ ‚¸Á¢”¡¸¸½ ¢¨¸]¸º‚¥¸ ¬¸¸š¸›¸¸Ê ˆÅ¸ „œ¸¡¸¸½Š¸ ˆÅ£ˆ½Å ˆ¿Åœ¡¸»’£ œ¸£ ˆÅú Š¸ƒÄ í¾— COVID-19 ¬¸¿¤¸¿¢š¸÷¸ „œ¸¸¡¸¸Ê ˆ½Å ˆÅ¸£µ¸
¥¸Š¸¸‡ Š¸‡ œÏ¢÷¸¤¸¿š¸ ˆ½Å ˆÅ¸£µ¸, íŸ¸Ê œÏ™¸›¸ ¢ˆÅ‡ Š¸‡ ™¬÷¸¸¨¸½]¸¸Ê ˆÅ¸½ ¤¸ÿˆÅ ˆ½Å œÏ¤¸¿š¸›¸ ׸£¸ ™ú Š¸ƒÄ ‹¸¸½«¸µ¸¸ ˆ½Å ‚›¸º¬¸¸£ ¬¸÷¡¸¸œ¸›¸ „Ó½©¡¸¸Ê ˆ½Å ¢¥¸‡ ‚¿¢÷¸Ÿ¸ Ÿ¸¸›¸¸ Š¸¡¸¸ ˜¸¸— ¬¸ú¢Ÿ¸÷¸ ™¬÷¸¸¨¸½]¸¸Ê
ˆÅ¸½ ž¸¸¾¢÷¸ˆÅ ³Åœ¸ ¬¸½ ¬¸÷¡¸¸¢œ¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—

ˆ¼Å÷¸½ ]¸¸½©¸ú ‡¿” ]¸¸½©¸ú

(œ¸»¨¸Ä Ÿ¸Ê ‚¸œ’½ ]¸¸½©¸ú ‚¸¾£ ‚¬¸¸½¢¬¸‡’ ˆ½Å ›¸¸Ÿ¸ ¬¸½ ]¸¸›¸½ ]¸¸÷¸½ ˜¸½)
ˆ¿Åœ¸›¸ú ¬¸¢¸¨¸

í«¸Ä¥¸ £¸‹¸¨¸ÊÍ ¸¸½©¸ú

ž¸¸Š¸ú™¸£
¢™›¸¸¿ˆÅ : 29 ‚œÏ¾¥¸, 2021 ‡ûŬ¸ú‡¬¸À 9897 ¬¸úœ¸úÀ 10450
¬˜¸¸›¸ : œ¸ºµ¸½ ¡¸»”ú‚¸ƒÄ‡›¸ À F009897C000211571

37
 Annual Report 2020-21

Annexure - A
To,
The Members,
Bank of Maharashtra,
Our report of even date is to be read along with this letter.
1. Maintenance of Secretarial record is the responsibility of the management of the Bank. Our responsibility is to express an opinion on these
Secretarial records based on our audit.
2. We have followed the audit practices and process as were appropriate to obtain reasonable assurance about the correctness of the contents
of the secretarial records. The verification was done on test basis to ensure that correct facts are reflected in secretarial records. We believe
that the process and practices, we followed provide a reasonable basis for our opinion.
3. We have not verified the correctness and appropriateness of financial records and book of Accounts of the Bank.
4. Wherever required, we have obtained the management representation about the Compliance of laws, rules and regulations and happening
of events, etc.
5. The Compliance of the provisions of Corporate and other applicable laws, rules, regulations, standards is the responsibility of management.
Our examination was limited to the verification of procedure on test basis.
6. The Secretarial audit report is neither an assurance as to the future viability of the Bank nor of the efficacy or effectiveness with which the
management has conducted the affairs of the Bank.
7. Secretarial audit for the current year has been mostly conducted on computer using audio visual means because of the lockdown. The
documents provided to us were treated as final for verification purposes as per the declaration given by the Management of the Bank,
because of the restriction imposed due to COVID-19 related measures. Limited documents have been verified physically.

For Joshi & Joshi,

(Formerly known as Apte Joshi & Associates),
Company Secretaries

Harshal Raghavendra Joshi

Partner
Date: April 29,2021 FCS: 9897 CP: 10450
Place: Pune UDIN: F009897C000211571

38
Jeeef<e&keÀ efjHeesì& 2020-21
¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ ˆ¿Åœ¸›¸ú ‚¢ž¸©¸¸¬¸›¸ (ˆÅ¸œ¸¸½Ä£½’ Š¸¨¸›¸½Ä›¬¸) œ¸£
¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¢£œ¸¸½’Ä
1. ˆ¿Åœ¸›¸ú ‚¢ž¸©¸¸¬¸›¸ (ˆÅ¸œ¸¸½Ä£½’ Š¸¨¸›¸½Ä›¬¸) œ¸£ ¤¸ÿˆÅ ˆÅ¸ ™©¸Ä›¸À
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¬¸®¸Ÿ¸ ¤¸›¸¸÷¸½ íÿ—
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2.1 ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅ¸ ¬¸¿¢Ÿ¸ª ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸›¸ú]¸ („œ¸ÇÅŸ¸¸Ê ˆÅ¸ ‚¢š¸ŠÏíµ¸ ‚¸¾£
‚¿÷¸£µ¸) ‚¢š¸¢›¸¡¸Ÿ¸ 1970, ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸, 1949 ‚¸¾£
£¸«’ïú¡¸ˆ¼Å÷¸ ¤¸ÿˆÅ (œÏ¤¸¿š¸›¸ ‚¸¾£ ¢¨¸¢¨¸š¸ œÏ¸¨¸š¸¸›¸) ¡¸¸½]¸›¸¸ 1970, ¬¸½¤¸ú (¢¥¸¦¬’¿Š¸
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(„œ¸ÇÅŸ¸¸Ê ˆÅ¸ ‚¢š¸ŠÏíµ¸ ‚¸¾£ ‚¿÷¸£µ¸) ‚¢š¸¢›¸¡¸Ÿ¸, 1970 ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å
‚›¸º¬¸£µ¸ Ÿ¸Ê ž¸¸£÷¸ ¬¸£ˆÅ¸£ ׸£¸ ˆÅú ]¸¸÷¸ú í¾—
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¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸, 1949 ÷¸˜¸¸ ž¸¸£÷¸ ¬¸£ˆÅ¸£/ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä
¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸ ¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú ¢›¸¡¸º¢Æ÷¸ ˆ½Å
¢¥¸‡ ‚œ¸½¢®¸÷¸ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ˆÅ¸¾©¸¥¸, ¢¨¸©¸½«¸±¸÷¸¸ ¡¸¸ ¬¸®¸Ÿ¸÷¸¸ ¢¨¸¢›¸¢™Ä«’
ˆÅ£÷¸½ íÿ À
(i) ¥¸½‰¸¸¿ˆÅ›¸, (ii) ˆ¼Å¢«¸ ‚¸¾£ ŠÏ¸Ÿ¸úµ¸ ‚˜¸Ä¨¡¸¨¸¬˜¸¸, (iii) ¤¸ÿ¢ˆ¿ÅŠ¸, (iv)
¬¸íˆÅ¸¢£÷¸¸, (v) ‚˜¸Ä©¸¸¬°¸, (vi) ¢¨¸î¸, (vii) ¢¨¸¢š¸, (viii) ¥¸‹¸º „Ô¸¸½Š¸,
(ix) ¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú, (x) ¬¸¸¨¸Ä]¸¢›¸ˆÅ ›¸ú¢÷¸ ‚¸¢™, ‚˜¸¨¸¸ ¢ˆÅ¬¸ú ‚›¡¸
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¢¥¸‡ „œ¸¡¸¸½Š¸ú í¸½Š¸¸—
¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅ¸½ „œ¸¡¸ºÄÆ÷¸ ¢¨¸©¸½«¸±¸ ±¸¸›¸, ˆÅ¸¾©¸¥¸ ÷¸˜¸¸ ‚›¸ºž¸¨¸ í¾,
¢]¸¬¸¬¸½ ¬¸÷¸÷¸ ¨¡¸¨¸¬¸¸¡¸ ¨¸¼¢Ö ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ Ÿ¸»¥¡¸ ¬¸¼]¸›¸ í½÷¸º ¬¸®¸Ÿ¸ ¨¸¸÷¸¸¨¸£µ¸
¤¸›¸¸¡¸¸ ]¸¸ ¬¸ˆ½ÅŠ¸¸—
2.2 ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸›¸ú]¸ („œ¸ÇÅŸ¸¸Ê ˆÅ¸ ‚¢š¸ŠÏíµ¸ ‚¸¾£ ‚¿÷¸£µ¸) ‚¢š¸¢›¸¡¸Ÿ¸ 1970
ˆÅú š¸¸£¸ 7(2) ˆÅú ©¸÷¸¸½ô ˆ½Å ‚›¸º¬¸¸£ ¤¸ÿˆÅ ˆ½Å ˆÅ¸£¸½¤¸¸£ ˆ½Å ¬¸¸Ÿ¸¸›¡¸ œ¸¡¸Ä¨¸½®¸µ¸,
¢›¸™½©¸›¸ ‚¸¾£ œÏ¤¸¿š¸›¸ ˆÅ¸ ‚¢š¸ˆÅ¸£ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆ½Å œ¸¸¬¸ í¸½÷¸¸ í¾— ¢›¸™½©¸ˆÅ
Ÿ¸¿”¥¸ ˆ½Å „™¸¢¡¸÷¨¸¸Ê Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ í¾- ›¸ú¢÷¸¡¸¸¿ ÷¸¾¡¸¸£ ˆÅ£›¸¸, ›¸ƒÄ œ¸í¥¸
ˆÅ£›¸¸, ˆÅ¸¡¸Ä ¢›¸«œ¸¸™›¸ ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅ£›¸¸ ‚¸¾£ ¤¸ÿˆÅ ׸£¸ ¢ˆÅ‡ Š¸‡ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ
¨¸ ¬¸¿¢¨¸¢š¸ˆÅ ‚›¸ºœ¸¸¥¸›¸ ˆÅ¸ œ¸¡¸Ä¨¸½®¸µ¸ ˆÅ£›¸¸, ¤¸ÿˆÅ ˆ½Å ¢¨¸¢ž¸››¸ œÏ¸¢š¸ˆÅ¸¢£¡¸¸Ê
ˆÅ¸½ ¢¨¸î¸ú¡¸ ‚¢š¸ˆÅ¸£¸Ê ˆÅ¸ œÏ÷¡¸¸¡¸¸½]¸›¸ ˆÅ£›¸¸ ‚¸¾£ ¤¸ÿˆÅ ˆ½Å ¢¨¸¢ž¸››¸ ˆÅ¸¡¸Ä¬˜¸
œÏ¸¢š¸ˆÅ¸¢£¡¸¸Ê ˆÅ¸½ ¢¨¸î¸ú¡¸ ‚¢š¸ˆÅ¸£¸Ê ˆ½Å ¤¸¸í£ ™ú Š¸ƒÄ ¢¨¸î¸ú¡¸ Ÿ¸¿]¸»¢£¡¸¸Ê ˆÅ¸
‚›¸ºŸ¸¸½™›¸ ˆÅ£ ¬¸Ÿ¸ŠÏ œ¸¡¸Ä¨¸½®¸µ¸ ˆÅ£›¸¸—
39
Report of the Board of Directors on Corporate
Governance for the year 2020-21
1. Bank’s philosophy on Corporate Governance:
Bank of Maharashtra recognizes the principles and importance
of Corporate Governance and has been complying with not
only the statutory requirements, but also has voluntarily
formulated and adhered to a set of strong Corporate
Governance practices. The Bank has always strived hard
to best serve the interest of all its stakeholders including
Shareholders, Customers, Government and Society at large.
The Bank’s philosophy on Corporate Governance is to bestow
high standard of transparency, fairness and accountability
for performance at all levels and to ensure and achieve
excellence through professionalism, social responsiveness,
sound business practices and optimum efficiency. This in turn
enables the Bank to maintain a high level of business ethics to
maximize the shareholders’ value and to protect their interest.
2. Board of Directors:
2.1. The Composition of the Board is governed by the provisions
of the Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970, Banking Regulation Act, 1949
and Nationalized Banks (Management and Miscellaneous
Provisions) Scheme, 1970, SEBI (Listing Obligations
Disclosure Requirements) Regulations, 2015 and Government
of India, Reserve Bank of India guidelines issued from time to
time.
Bank is a Public Sector Undertaking under the administrative
control of Department of Financial Services, Ministry of
Finance. The nomination and appointment of all categories of
Directors are done by the Government of India in accordance
with provisions of the Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1970 except the appointment of
Shareholder Director.
The Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970, The Banking Regulation Act, 1949
and Government of India / Reserve Bank of India guidelines
prescribes the following skills, expertise or competencies
required for appointment of Directors on the Board of Bank.
(i) Accountancy, (ii) Agriculture and Rural Economy, (iii)
Banking, (iv) Co-operation, (v) Economics, (vi) Finance, (vii)
Law, (viii) Small-scale industry, (ix) Information Technology (x)
Public Policy etc., or any other matter the special knowledge
of, and practical experience in, which would, in the opinion of
the Reserve Bank, be useful to the bank
The Board of Directors of Bank have above professional
knowledge, skill sets and experience thereby bringing about an
enabling environment for value creation through sustainable
business growth.
2.2 In terms of Section 7(2) of the Banking Companies
(Acquisition and Transfer of Undertakings) Act 1970, the
general superintendence, direction and management of the
business of the Bank vests with the Board of Directors. The
responsibilities of the Board include formulation of policies,
new initiatives, performance review, and supervision over
Regulatory and Statutory compliances of the Bank, delegating
financial powers to various functionaries and exercising overall
supervision, according financial sanctions beyond the powers
delegated to various functional authorities of the Bank.
 Annual Report 2020-21

31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À The composition of Board of Directors of the Bank as on 31st March,
2021 is as under:

‚. ¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¸¾£ 31.03.2021 ˆÅ¸½ ¤¸ÿˆÅ ˆÅú „œ¸- ¬¸»\¸ú¤¸Ö ƒˆÅ¸ƒ¡¸¸Ê ‚ž¡¸º¢Æ÷¸¡¸¸¿
ÇÅ. œ¸™›¸¸Ÿ¸ š¸¸¢£÷¸ ¤¸ÿˆÅ ©¸½¡¸£¸Ê / ¬¸¢Ÿ¸¢÷¸¡¸¸Ê ˆÅú (¤¸ÿˆÅ ¬¸¢í÷¸) ˆÅú (¤¸ÿˆÅ Ÿ¸Ê/‚›¡¸ ˆ¿Åœ¸¢›¸¡¸¸Ê Ÿ¸Ê ¢›¸¡¸º¢Æ÷¸ ˆÅ¸ ¬¨¸³Åœ¸)
Sr. Name and Designation of œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¢¥¸‰¸÷¸¸Ê ¬¸™¬¡¸÷¸¸ ¬¸¿‰¡¸¸ ‡¬¸ú/ ‡¬¸‚¸£¬¸ú# Ÿ¸Ê (nature of appointment in the Bank/other Companies
No. Director ˆÅú ¬¸¿‰¡¸¸¸ No. of member ‚š¡¸®¸/ ¬¸™¬¡¸÷¸¸ ˆÅú
No. of equity ship in Sub ¬¸¿‰¡¸¸
shares/convertible Committees of
instruments of the No. of Chairman/
Bank held as on the Bank member ship in
31.03.2021 AC/ SRC# of listed
entities (including
Bank)
1 ªú ‡. ‡¬¸. £¸]¸ú¨¸ 29907 10 ™ú ›¡¸» ‡©¸¸½£Ê¬¸ ˆ¿Åœ¸›¸ú ˆ½Å›Í ¬¸£ˆÅ¸£ ׸£¸ ¢™›¸¸¿ˆÅ 02.12.2018 ¬¸½ ¤¸ÿˆÅ ˆ½Å œÏ¤¸¿š¸
Shri A.S. Rajeev 29907 ¢¥¸¢Ÿ¸’½”À ‡¬¸ú- ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢›¸¡¸ºÆ÷¸ ¢ˆÅ‡ Š¸‡—
œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½ ‚š¡¸®¸ ‚›¡¸ ˆ¿Åœ¸¢›¸¡¸¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅÀ
Managing Director & CEO
‡¬¸‚¸£¬¸ú- ¬¸™¬¡¸ (i) ‚¸œ¸ ™ú ›¡¸» ‡©¸¸½£Ê¬¸ ˆ¿Åœ¸›¸ú ¢¥¸¢Ÿ¸’½” (¬¸»\¸ú¤¸Ö ˆ¿Åœ¸›¸ú) ˆ½Å
The New Assurance ¤¸¸½”Ä Ÿ¸Ê ¢›¸™½©¸ˆÅ íÿ—
Company Limited: (ii) ‚¸œ¸ ž¸¸£÷¸ú¡¸ ¢›¸¡¸¸Ä÷¸ ‚¸¡¸¸÷¸ ¤¸ÿˆÅ (Š¸¾£ ¬¸»\¸ú¤¸Ö ¤¸ÿˆÅ) ˆ½Å
AC - Chairman SRC- ¤¸¸½”Ä Ÿ¸Ê ¢›¸™½©¸ˆÅ íÿ—
Member Appointed as the Managing Director and CEO of the Bank
w.e.f. 02.12.2018 by the Central Government.
Directorship in other Companies:
i) He is Director on the Board of The New India Assurance
Company Limited (Listed Company)
ii) He is Director on the Board of Export Import Bank of
India (Unlisted Bank).
2 ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 49846 12 ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï ˆ½Å›Í ¬¸£ˆÅ¸£ ׸£¸ ¢™›¸¸¿ˆÅ 31.12.2018 ¬¸½ ¤¸ÿˆÅ ˆ½Å ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ
ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ 49846 ‡¬¸‚¸£¬¸ú- ¬¸™¬¡¸ ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢›¸¡¸ºÆ÷¸ ¢ˆÅ‡ Š¸‡—
Shri Hemant Tamta Bank of ‚›¡¸ ˆ¿Åœ¸¢›¸¡¸¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅÀ
Executive Director
Maharashtra (i) ‚¸œ¸ ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï ‡Æ]¸úÆ¡¸»’£ ‡¿” ’﬒ú ˆ¿Åœ¸›¸ú œÏ¸.
SRC- Member ¢¥¸. ˆ½Å ¤¸¸½”Ä ˆ½Å ‚š¡¸®¸/ ¢›¸™½©¸ˆÅ ž¸ú íÿ—
Appointed as the Executive Director w.e.f. 31.12.2018 by the
Central Government.
Directorship in other Companies:
i) He is also the Chairman.Director on the Board of the
Maharashtra Executor and Trustee Company Pvt. Ltd.
3. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ©¸»›¡¸ 12 ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï ˆ½Å›Í ¬¸£ˆÅ¸£ ׸£¸ ¢™›¸¸¿ˆÅ 10.03.2021 ¬¸½ ¤¸ÿˆÅ ˆ½Å ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ
ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ NIL ‡¬¸ú- ¬¸™¬¡¸ ‡¬¸‚¸£¬¸ú- ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢›¸¡¸ºÆ÷¸ ¢ˆÅ‡ Š¸‡—
Shri A.B. Vijayakumar ¬¸™¬¡¸ ‚›¡¸ ˆ¿Åœ¸¢›¸¡¸¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅÀ
Executive Director Bank of ©¸»›¡¸
Maharashtra Appointed as the Executive Director w.e.f. 10.03.2021 by
the Central Government.
AC – Member Directorship in other Companies:
SRC- Member Nil
4 ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ ©¸»›¡¸ 09 ¤¸ÿˆÅ ‚¸ÁûÅ ˆ½Å›Í ¬¸£ˆÅ¸£ ׸£¸ 11.05.2017 ¬¸½ ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ›¸¸¢Ÿ¸÷¸
¢›¸™½©¸ˆÅ (Š¸¾£- ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ) NIL Ÿ¸í¸£¸«’ï ˆÅú Š¸ƒô—
¬¸£ˆÅ¸£ ׸£¸ ›¸¸¢Ÿ¸÷¸ ‚›¡¸ ˆ¿Åœ¸¢›¸¡¸¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅÀ
‡¬¸ú- ¬¸™¬¡¸
Mrs. Vandita Kaul (i) ‚¸œ¸ ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ œ¸¢£¬¸¿œ¸¢î¸ œ¸º›¸¢›¸ÄŸ¸¸Äµ¸ ‚¸¾£
Bank of
Director (Non-Executive) Maharashtra œÏ¢÷¸ž¸»¢÷¸ ¬¨¸÷¨¸ ˆÅú ˆÊÅÍú¡¸ £¢]¸¬’ïú ˆ½Å ¤¸¸½”Ä Ÿ¸Ê ¢›¸™½©¸ˆÅ íÿ—
Government Nominee AC- Member (ii) ‚¸œ¸ ™ú ›¡¸» ‡©¸¸½£Ê¬¸ ˆ¿Åœ¸›¸ú ¢¥¸¢Ÿ¸’½” (¬¸»\¸ú¤¸Ö ˆ¿Åœ¸›¸ú) ˆ½Å
¤¸¸½”Ä Ÿ¸Ê ¢›¸™½©¸ˆÅ íÿ—
Nominated as a Director w.e.f. 11.05.2017 by the Central
Government.
Directorship in other Companies:
i) She is Director on the Board of Central Registry of
Securitisation Asset Reconstruction and Security and
Interest of India.
ii) She is Director on the Board of The New India
Assurance Company Limited (Listed Company)
5 ªú ‡Ÿ¸. ˆ½Å. ¨¸Ÿ¸¸Ä ©¸»›¡¸ 04 ¤¸¾ˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï ˆ½Å›Í ¬¸£ˆÅ¸£ ׸£¸ 13.08.2019 ¬¸½ ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ›¸¸¢Ÿ¸÷¸
¢›¸™½©¸ˆÅ (Š¸¾£- ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ) NIL ‡¬¸ú- ¬¸™¬¡¸ ¢ˆÅ‡ Š¸‡—
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ›¸¸¢Ÿ¸÷¸ Bank of ‚›¡¸ ˆ¿Åœ¸¢›¸¡¸¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅÀ
Shri Manoj Kumar Verma Maharashtra ©¸»›¡¸
Director (Non-Executive) AC- Member Nominated as a Director of Bank w.e.f. 13.08.2019 by the
Central Government.
RBI Nominee Directorship in other Companies:
Nil
6 ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 100 11 ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï ¢™›¸¸¿ˆÅ 30.06.2018 ¬¸½ ©¸½¡¸£š¸¸£ˆÅ ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê
¢›¸™½©¸ˆÅ (Š¸¾£- ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ) 100 ‡¬¸ú- ‚š¡¸®¸ ¢›¸¨¸¸Ä¢\¸÷¸ ¢ˆÅ‡ Š¸‡—
©¸½¡¸£š¸¸£ˆÅ œÏ¢÷¸¢›¸¢š¸ ‡¬¸‚¸£¬¸ú- ‚š¡¸®¸ ‚›¡¸ ˆ¿Åœ¸¢›¸¡¸¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅÀ
Shri R. Thamodharan Bank of Maharashtra (i) ‚¸œ¸ Ÿ¸½¬¸¬¸Ä ¢’”½¥¸ œ¸¸ˆÄÅ ¢¥¸¢Ÿ¸’½” ˆ½Å ¤¸¸½”Ä Ÿ¸Ê ›¸¸¢Ÿ¸÷¸ ¢›¸™½©¸ˆÅ íÿ—
AC-Chairman SRC- Elected as Shareholder Director of Bank w.e.f.
Director (Non-Executive ) 30.06.2018.
Chairman
Representing Shareholders Directorship in other Companies:
i) He is Nominee Director on the Board of Tidel Park.
# ‡¬¸ú ‚˜¸¸Ä÷¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ‚¸¾£ ‡¬¸‚¸£¬¸ú ‚˜¸¸Ä÷¸ ¢í÷¸š¸¸£ˆÅ ¬¸¿¤¸¿š¸ ¬¸¢Ÿ¸¢÷¸  # AC means Audit Committee and SRC means Stakeholder Relationship Committee

40
Jeeef<e&keÀ efjHeesì& 2020-21

2.3 ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¬¸¿£\¸›¸¸ Ÿ¸Ê œ¸¢£¨¸÷¸Ä›¸À
 ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ˆÅ¸½ 10.03.2021 ¬¸½ ˆ½Å›Í ¬¸£ˆÅ¸£ ׸£¸ ªú
›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. ˆ½Å ¬˜¸¸›¸ œ¸£ ¤¸ÿˆÅ ˆ½Å ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê
¢›¸¡¸ºÆ÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. ›¸½ 21.01.2021 ˆÅ¸½ ¤¸ÿˆÅ
ˆ½Å ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ‚œ¸›¸¸ ˆÅ¸¡¸ÄˆÅ¸¥¸ œ¸»µ¸Ä ¢ˆÅ¡¸¸—
2.3 Changes in Composition of Board of Directors of Bank
took place during the year 2020-21:
 Appointment of Shri A.B. Vijayakumar as an Executive
Director of Bank by the Central Government w.e.f
10.03.2021 in place of Shri Nageswara Rao Y., who
completed his term of Executive Director of Bank on
21.01.2021.

2.4 ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ Ÿ¸Ê ¢›¸¡¸ºÆ÷¸ 2.4 Profile of Directors appointed on the Board of Bank during
¢›¸™½©¸ˆÅ¸Ê ˆÅú œÏ¸½ûŸƒ¥¸À the financial year 2020-21:

2.4.1 ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 2.4.1 Shri A.B. Vijayakumar

›¸¸Ÿ¸ ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ Name Shri A.B. Vijayakumar

]¸›Ÿ¸ ¢™›¸¸¿ˆÅ 27.10.1963
‚¸¡¸º 58 ¨¸«¸Ä
©¸¾®¸¢µ¸ˆÅ ¡¸¸½Š¡¸÷¸¸ ¤¸ú.ˆÅ¸ÁŸ¸, ‡¥¸.‡¥¸.¤¸ú.,¬¸ú‡‚¸ƒÄ‚¸ƒÄ¤¸ú
¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸›¸ú]¸ („œ¸ÇÅŸ¸¸Ê ˆÅ¸ ‚¢š¸ŠÏíµ¸ ‚¸¾£ ‚¿÷¸£µ¸)
¢›¸¡¸º¢Æ÷¸ ˆÅ¸ ¬¨¸³Åœ¸ ‚¢š¸¢›¸¡¸Ÿ¸, 1970 ˆÅú š¸¸£¸ 9 (3) (‡) ˆ½Å ‚¿÷¸Š¸Ä÷¸
¢™›¸¸¿ˆÅ 10.03.2021 ¬¸½ ¤¸ÿˆÅ ˆ½Å ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ ˆ½Å
³Åœ¸ Ÿ¸Ê ¢›¸¡¸ºÆ÷¸ ¢ˆÅ‡ Š¸‡—
‚›¸ºž¸¨¸ · ‚¸œ¸ˆ½Å œ¸¸¬¸ ¥¸¸]¸Ä ˆÅ¸Áœ¸¸½Ä£½’, ¢£’½¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸,
œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ ®¸½°¸, ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¬¸¿\¸¸¥¸›¸,
‚›¸ºœ¸¸¥¸›¸, ¤¸¸½”Ä ¬¸¢\¸¨¸¸¥¸¡¸, Ÿ¸¸›¸¨¸ ¬¸¿¬¸¸š¸›¸ ‚¸¾£
¬¸÷¸ˆÄÅ÷¸¸ œÏµ¸¸¥¸ú ¬¸¢í÷¸ ¤¸ÿ¢ˆ¿ÅŠ¸ œ¸¢£\¸¸¥¸›¸ ˆ½Å
¢¨¸¢ž¸››¸ ®¸½°¸¸Ê Ÿ¸Ê ÷¸ú›¸ ™©¸ˆÅ¸Ê ¬¸½ ‚¢š¸ˆÅ ˆÅ¸ ˆÅ¸¡¸Ä
‚›¸ºž¸¨¸ í¾—
· ‚¸œ¸›¸½ 1984 Ÿ¸Ê ¤¸ÿˆÅ ‚¸ÁûÅ ƒ¿¢”¡¸¸ ¬¸½ ‚œ¸›¸½
ˆÅ¢£¡¸£ ˆÅú ©¸º²Å‚¸÷¸ ˆÅú ‚¸¾£ ¨¸«¸Ä 2018 Ÿ¸Ê
Ÿ¸í¸œÏ¤¸¿š¸ˆÅ ˆ½Å œ¸™ œ¸£ œ¸íº¿\¸½— ‚¸œ¸›¸½ ™½©¸ž¸£ Ÿ¸Ê
¤¸ÿˆÅ ˆÅú ©¸¸‰¸¸‚¸Ê, œÏ©¸¸¬¸¢›¸ˆÅ ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê ‚¸¾£
¬’¸ÁûÅ ’ï½¢›¸¿Š¸ ˆÅ¸Á¥¸½]¸ Ÿ¸Ê ÷¸˜¸¸ í¸¿Š¸ˆÅ¸¿Š¸ ˆ½Å›Í Ÿ¸Ê
‚›¸ºœ¸¸¥¸›¸ ‚¢š¸ˆÅ¸£ú ˆ½Å ³Åœ¸ Ÿ¸Ê ˆÅ¸¡¸Ä ¢ˆÅ¡¸¸— ‚¸œ¸›¸½
¨¸«¸Ä 2018 Ÿ¸Ê Ÿ¸š¡¸ œÏ™½©¸ ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ ˆ½Å ‚š¡¸®¸
ˆ½Å ³Åœ¸ Ÿ¸Ê ž¸ú ˆÅ¸¡¸Ä ¢ˆÅ¡¸¸—
· ¤¸ÿˆÅ Ÿ¸Ê ˆÅ¸¡¸ÄŠÏíµ¸ ˆÅ£›¸½ ¬¸½ œ¸í¥¸½, ‚¸œ¸›¸½ ƒ¿¢”¡¸›¸
‚¸½¨¸£¬¸ú]¸ ¤¸ÿˆÅ Ÿ¸Ê Ÿ¸º‰¡¸ ¬¸÷¸ˆÄÅ÷¸¸ ‚¢š¸ˆÅ¸£ú ˆ½Å
³Åœ¸ Ÿ¸Ê ˆÅ¸¡¸Ä ¢ˆÅ¡¸¸—
· ‚¸œ¸›¸½ ¥¸ú”£¢©¸œ¸ ”½¨¸¥¸œ¸Ÿ¸Ê’, ˆÅ¸Áœ¸¸½Ä£½’ ǽŢ”’
‚¸¢™ Ÿ¸Ê ™½©¸ ‚¸¾£ ¢¨¸™½©¸ Ÿ¸Ê ¢¨¸¢ž¸››¸ œÏ¢©¸®¸µ¸
ˆÅ¸¡¸ÄÇÅŸ¸¸Ê Ÿ¸Ê ¬¸íž¸¸Š¸ ¢¥¸¡¸¸ í¾—
‚›¡¸ ˆ¿Åœ¸¢›¸¡¸¸Ê Ÿ¸Ê ©¸»›¡¸
¢›¸™½©¸ˆÅ ‚˜¸¨¸¸
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ˆÅú ¦¬˜¸¢÷¸
2.5 ‚¸\¸¸£ ¬¸¿¢í÷¸¸À
¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ÷¸˜¸¸ ¨¸¢£«“ œÏ¤¸¿š¸›¸ ˆÅ¢Ÿ¸Ä¡¸¸Ê ‚˜¸¸Ä÷¸ ¬¸ž¸ú Ÿ¸í¸œÏ¤¸¿š¸ˆÅ¸Ê ¨¸¸¥¸ú
ˆÅ¸½£ œÏ¤¸¿š¸›¸ ’úŸ¸ í½÷¸º ‚¸\¸¸£ ¬¸¿¢í÷¸¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ׸£¸ ¬¸½¤¸ú (¢¥¸¦¬’¿Š¸
‚¢›¸¨¸¸¡¸Ä÷¸¸‡¿ ‚¸¾£ œÏˆÅ’›¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‡¿) ¢¨¸¢›¸¡¸Ÿ¸, 2015 ˆ½Å ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê
‚›¸ºŸ¸¸½¢™÷¸ ˆÅú Š¸ƒÄ í¾— „Æ÷¸ ‚¸\¸¸£¬¸¿¢í÷¸¸ ¤¸ÿˆÅ ˆÅú ¨¸½¤¸¬¸¸ƒÄ’ www.bankof-
maharashtra.in œ¸£ „œ¸¥¸¤š¸ í¾— ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆ½Å ¬¸ž¸ú ¬¸™¬¡¸¸Ê ÷¸˜¸¸
¨¸¢£«“ œÏ¤¸¿š¸›¸ ˆÅ¢Ÿ¸Ä¡¸¸Ê ›¸½ ¬¸¿¢í÷¸¸ ˆ½Å ‚›¸ºœ¸¸¥¸›¸ ˆÅú œ¸º¦«’ ˆÅú í¾—
2.6 ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ ‚œ¸›¸½ ¢›¸™½©¸ˆÅ¸Ê ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ Ÿ¸Ê „›¸ˆÅú ž¸»¢Ÿ¸ˆÅ¸, ‚¢š¸ˆÅ¸£ ÷¸˜¸¸
¢]¸ŸŸ¸½™¸£ú ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê œ¸¢£\¸¡¸ ˆÅ¸¡¸ÄÇÅŸ¸ í¾— ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸
¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ¸Ê ׸£¸ ž¸¸Š¸ ¢¥¸‡ Š¸‡ ƒ›¸ œ¸¢£\¸¡¸ / œÏ¢©¸®¸µ¸ ˆÅ¸¡¸ÄÇÅŸ¸¸Ê ˆÅ¸
Date of Birth 27.10.1963
Age 58 years
Qualification B.Com, LL.B, CAIIB
Nature of Appointed as Executive Director of Bank
appointment w.e.f 10.03.2021 under Section 9(3)(a) of the
as Director Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970.
Experience • He has rich experience of more than three
decades covering spectrum of banking
operations including Large Corporate,
Retail Banking, Priority Sector, Forex
operations, Compliance, Board secretariat,
HR and Vigilance mechanism.
• He started his banking career in Bank of
India in the year 1984 and rose to the rank
of General Manager in the year 2018. He
served in various capacities in branches,
administrative offices & Staff Training
College of the Bank across the length and
breadth of the country and as a Compliance
Officer at Hong Kong centre. He has also
worked as Chariman of Madhya Pradesh
Gramin Bank in year 2018.
• Before joining Bank of Maharashtra, he
worked as Chief Vigilance Officer of Indian
Oversea Bank.
• He has also attended various training
programs both in India and abroad in
Leadership development, Corporate credit
etc.,
Directorship Nil
or
Committee
Positions
held in other
Companies
2.5 Code of Conduct:
The Code of Conduct for Board of Directors and Senior
Management Personnel i.e. Core Management team
comprising all General Managers of Bank has been approved
by the Board of Directors in compliance with SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.
The said Code of Conduct is posted on the Bank’s website
www.bankofmaharashtra.in. All the Board Members and
Senior Management Personnel of Bank have affirmed the
compliance of the code.
2.6 The Bank has the familiarization programme for its Directors
with regard to their roles, rights and responsibilities in the Bank.
The details of familiarization/ training programmes attended by

41
 Annual Report 2020-21

¤¡¸¸¾£¸ ¤¸ÿˆÅ ˆÅú ¨¸½¤¸¬¸¸ƒÄ’ www.bankofmaharashtra.in œ¸£ „œ¸¥¸¤š¸ í¾— the Directors of the Bank during the financial year 2020-21 are
available on the Bank’s website www.bankofmaharashtra.in.
2.7 ¤¸ÿˆÅ ˆ½Å ¢ˆÅ¬¸ú ž¸ú ¢›¸™½©¸ˆÅ ˆÅ¸ ‚¸œ¸¬¸ Ÿ¸Ê ˆÅ¸½ƒÄ ¢£©÷¸¸ ›¸íú¿ í¾—
2.7 None of the Directors of the Bank has any relationships inter-se.
3. ¨¸¸¢«¸ÄˆÅ ¬¸¸š¸¸£µ¸ ¤¸¾“ˆÅÀ
3. Annual General Meeting:
¤¸ÿˆÅ ˆ½Å ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅú 17¨¸ú¿ ¨¸¸¢«¸ÄˆÅ ¬¸¸š¸¸£µ¸ ¤¸¾“ˆÅ ¢™›¸¸¿ˆÅ 11 ‚Š¸¬÷¸, The 17th Annual General Meeting of the shareholders of the
2020 ˆÅ¸½ ‚œœ¸¸¬¸¸í½¤¸ ]¸¸½Š¸ í¸Á¥¸, œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸, `¥¸¸½ˆÅŸ¸¿Š¸¥¸', 1501, Bank was held on the 11th August, 2020 from Head office of
¢©¸¨¸¸]¸ú›¸Š¸£, œ¸ºµ¸½-411005 ¬¸½ ¢¨¸¢”¡¸¸½ ˆÅ¸¿›üÊŬ¸/ ‚›¡¸ ‚¸Á¢”¡¸¸½-¢¨¸]¸º‚¥¸ Bank through Video Conferencing / Other Audio-Visual Means
Ÿ¸¸š¡¸Ÿ¸ (‚¸½‡¨¸ú‡Ÿ¸) ¬¸½ ¬¸¿œ¸››¸ íºƒÄ, ¢]¸¬¸Ÿ¸Ê ¢›¸Ÿ›¸¸¿¢ˆÅ÷¸ ¢›¸™½©¸ˆÅ „œ¸¦¬˜¸÷¸ ˜¸½À (OAVM), where following Directors attending the meeting:

1 ªú ‡. ‡¬¸. £¸]¸ú¨¸ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½ 1 Shri A.S. Rajeev Managing Director & CEO

2 ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ 2 Shri Hemant Tamta Executive Director

3 Shri Nageswara Rao Y. Executive Director
3 ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ
4 Shri Manoj Kumar Verma RBI Nominee Director
4 ªú Ÿ¸›¸¸½]¸ ˆºÅŸ¸¸£ ¨¸Ÿ¸¸Ä ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ›¸¸¢Ÿ¸÷¸ ¢›¸™½©¸ˆÅ
5 Shri R. Thamodharan Shareholder Director
5 ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ©¸½¡¸£š¸¸£ˆÅ ¢›¸™½©¸ˆÅ
4. ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¤¸¾“ˆÊÅÀ 4. Board Meetings:
During the Financial Year 2020-21, 14 meetings were held on
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ¢™›¸¸¿ˆÅ¸Ê œ¸£ the following dates as against minimum of 6 meetings prescribed
ˆºÅ¥¸ 14 ¤¸¾“ˆÊÅ ¬¸¿œ¸››¸ íºƒÄ ]¸¤¸¢ˆÅ £¸«’ïú¡¸ˆ¼Å÷¸ ¤¸ÿˆÅ (œÏ¤¸¿š¸›¸ ‡¨¸¿ ¢¨¸¢¨¸š¸ œÏ¸¨¸š¸¸›¸) under Clause 12 of the Nationalized Banks (Management and
¡¸¸½]¸›¸¸, 1970/ 1980 ˆ½Å ‰¸¿” 12 ˆ½Å ‚š¸ú›¸ ›¡¸»›¸÷¸Ÿ¸ 6 ¤¸¾“ˆÊÅ ¢›¸š¸¸Ä¢£÷¸ íÿ— Miscellaneous Provisions) Scheme, 1970.1980.

12.05.2020 16.06.2020 29.06.2020 10.07.2020 23.07.2020 25.08.2020 23.09.2020 12.05.2020 16.06.2020 29.06.2020 10.07.2020 23.07.2020 25.08.2020 23.09.2020
19.10.2020 24.11.2020 30.12.2020 19.01.2021 11.02.2021 05.03.2021 20.03.2021 19.10.2020 24.11.2020 30.12.2020 19.01.2021 11.02.2021 05.03.2021 20.03.2021

¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú ‚œ¸›¸ú ˆÅ¸¡¸Ä ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ The details of attendance of the Directors at the aforesaid Board
Meetings held during their respective tenure are as under:
„œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ À
Meetings
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å held
¤¸¾“ˆÅ¸Ê Ÿ¸Ê Name of the
Period during
Meetings
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å Director attended
„œ¸¦¬˜¸¢÷¸ their
™¸¾£¸›¸ ¬¸¿œ¸››¸ ¤¸¾“ˆÊÅ tenure
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 14 14
Shri A.S. Rajeev 01.04.2020 to 14 14
31.03.2021 31.03.2021
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 14 12
Shri Hemant 01.04.2020 to 14 12
31.03.2021 Tamta 31.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 11 11 Shri Nageswara 01.04.2020 to 11 11
21.01.2021 Rao Y. 21.01.2021
ªú ‡. ¤¸ú. 01.03.2021 ¬¸½ 01 01 Shri A.B. 10.03.2021 to 01 01
¢¨¸]¸¡¸ˆºÅŸ¸¸£ 31.03.2021 Vijayakumar 31.03.2021
ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ 01.04.2020 ¬¸½ 14 14 Mrs. Vandita 01.04.2020 to 14 14
31.03.2021 Kaul 31.03.2021
ªú ‡Ÿ¸. ˆ½Å. ¨¸Ÿ¸¸Ä 01.04.2020 ¬¸½ 14 14 Shri M.K. Verma 01.04.2020 to 14 14
31.03.2021 31.03.2021
ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 01.04.2020 ¬¸½ 14 14 Shri R. 01.04.2020 to 14 14
31.03.2021 Thamodharan 31.03.2021

5. ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¬¸¢Ÿ¸¢÷¸¡¸¸¿À 5. Committees of Board:

The Board has constituted the following committees and
¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ›¸½ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ¬¸¢Ÿ¸¢÷¸¡¸¸Ê ˆÅ¸ Š¸“›¸ ¢ˆÅ¡¸¸ ‚¸¾£ ¢¨¸¢ž¸››¸
delegated powers in different functional areas.
ˆÅ¸¡¸Ä ®¸½°¸¸Ê Ÿ¸Ê ‚¢š¸ˆÅ¸£¸Ê ˆÅ¸½ œÏ÷¡¸¸¡¸¸½¢]¸÷¸ ¢ˆÅ¡¸¸—
5.1 Management Committee:
5.1 œÏ¤¸¿š¸›¸ ¬¸¢Ÿ¸¢÷¸À
The Management Committee (MC) of the Board is constituted
£¸«’ïú¡¸ˆ¼Å÷¸ ¤¸ÿˆÅ (œÏ¤¸¿š¸›¸ ‚¸¾£ ¢¨¸¢¨¸š¸ œÏ¸¨¸š¸¸›¸) ¡¸¸½]¸›¸¸, 1970/1980 ˆ½Å as per provisions of the Nationalized Banks (Management and
œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú œÏ¤¸¿š¸›¸ ¬¸¢Ÿ¸¢÷¸ (‡Ÿ¸¬¸ú) ˆÅ¸ Š¸“›¸ ¢ˆÅ¡¸¸ Miscellaneous Provisions) Scheme, 1970.1980. Functions and
Š¸¡¸¸ í¾— œÏ¤¸¿š¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆ½Å ˆÅ¸¡¸Ä ‚¸¾£ ˆÅ÷¸Ä¨¡¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ À duties of the Management Committee are as under:

ˆÅ) †µ¸ ‚¸¾£ ¢›¸¨¸½©¸ œÏ¬÷¸¸¨¸¸Ê ˆÅ¸½ Ÿ¸¿]¸»£ú ™½›¸¸, a) Sanction of credit and investment proposals,

‰¸) †µ¸ ¬¸Ÿ¸^¸¸¾÷¸¸/ ¤¸’Ã’½ ‰¸¸÷¸½ Ÿ¸Ê ”¸¥¸›¸½ ˆ½Å œÏ¬÷¸¸¨¸¸Ê ˆÅ¸½ Ÿ¸¿]¸»£ú ™½›¸¸ b) Sanction of loan compromise . write off proposals,
Š¸) œ¸¢£¬¸£/ ƨ¸¸’Ĭ¸Ä ˆÅ¸½ ‚¢š¸ŠÏ¢í÷¸ ˆÅ£›¸½ ¨¸ ‚›¡¸ ‰¸£ú™ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ c) Approve proposals relating to acquiring of premises.
œÏ¬÷¸¸¨¸¸Ê ˆÅ¸ ‚›¸ºŸ¸¸½™›¸ ˆÅ£›¸¸ quarters and other procurements
‹¸) ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ׸£¸ ¬¸¿™¢ž¸Ä÷¸ ˆÅ¸½ƒÄ ‚›¡¸ ¢¨¸«¸¡¸— d) Any other matter referred by the Board.

42
Jeeef<e&keÀ efjHeesì& 2020-21
¬¸Ÿ¸ú®¸¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ÷¸¸£ú‰¸¸Ê ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú 14 ¤¸¾“ˆÊÅ
íºƒôÀ
06.5.2020 03.06.2020 24.06.2020 30.06.2020 20.07.2020 10.08.2020 04.09.2020
11.09.2020 28.09.2020 15.10.2020 31.10.2020 01.12.2020 19.12.2020 18.01.2021
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ‚œ¸›¸ú ˆÅ¸¡¸Ä ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢›¸™½©¸ˆÅ¸Ê ˆÅú
„œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ
The Committee met 14 times during the period under review
on the following dates:
06.05.2020 03.06.2020 24.06.2020 30.06.2020 20.07.2020 10.08.2020 04.09.2020
11.09.2020 28.09.2020 15.10.2020 31.10.2020 01.12.2020 19.12.2020 18.01.2021
The details of attendance of the Directors at the aforesaid
meetings of the Committee held during their respective tenure
are as under:

¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Meetings

ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê held Meetings
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ Name of the
Period during
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸ Director Attended
their
¤¸¾“ˆÊÅ tenure
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 14 14 Shri A.S. Rajeev 01.04.2020 to 14 14
31.03.2021 31.03.2021
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 14 14 Shri Hemant 01.04.2020 to 14 14
31.03.2021 Tamta 31.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 14 14 Shri Nageswara 01.04.2020 to 14 14
21.01.2021 Rao Y. 21.01.2021
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 00 00 Shri A.B. 10.03.2021 to 00 00
31.03.2021 Vijayakumar 31.03.2021
ªú ‡Ÿ¸. ˆ½Å. ¨¸Ÿ¸¸Ä 01.04.2020 ¬¸½ 14 14 Shri M.K .Verma 01.04.2020 to 14 14
31.03.2021 31.03.2021

31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íú À The composition of the Committee as on 31st March, 2021 is as
under:
i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸ i. Shri A.S. Rajeev Chairman
ii. Shri Hemant Tamta Member
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸
iv. Shri A.B. Vijayakumar Member
iv. ªú ‡Ÿ¸. ˆ½Å. ¨¸Ÿ¸¸Ä ¬¸™¬¡¸
v. Shri M.K. Verma Member
5.2 ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸À
5.2. Audit Committee of the Board:
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸
œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ (‡¬¸ú¤¸ú) ˆÅ¸ Š¸“›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ¬¸¢Ÿ¸¢÷¸ ˆ½Å œÏ÷¡¸¸¡¸¸½¢]¸÷¸ ˆÅ¸¡¸Ä Pursuant to the directives of Reserve Bank of India, Audit
Committee of Board of Directors (ACB) is constituted. The
¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ
delegated functions of the Committee are as under:
ˆÅ) ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ (‡¬¸ú¤¸ú) ¤¸ÿˆÅ ˆ½Å ¬¸¿œ¸»µ¸Ä
a) ACB provides direction as also oversees the operation
¥¸½‰¸¸ œ¸£ú®¸¸ ˆÅ¸¡¸Ä ¬¸¿\¸¸¥¸›¸ ˆÅú ™½‰¸£½‰¸ ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ Ÿ¸¸Š¸Ä™©¸Ä›¸ ž¸ú of the total audit function of the Bank. Total audit function
œÏ™¸›¸ ˆÅ£÷¸ú í¾— ¬¸Ÿ¸ŠÏ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆÅ¸¡¸ÄœÏµ¸¸¥¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¤¸ÿˆÅ ˆÅ¸ implies the organization, operationalization, quality
‚¸¿÷¸¢£ˆÅ ¢›¸£ú®¸µ¸ ‡¨¸¿ ‚¸¿÷¸¢£ˆÅ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆÅ¸ Š¸ºµ¸¨¸î¸¸ ¢›¸¡¸¿°¸µ¸, control of internal audit and inspection within the Bank
¬¸¿\¸¸¥¸›¸ ÷¸˜¸¸ ¬¸¿Š¸“›¸ ¬¸¢í÷¸ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢›¸£ú®¸µ¸ ÷¸˜¸¸ and follows up on the statutory and external audit of the
¤¸ÿˆÅ ˆÅú ¤¸¸à¸/ ¬¸¸¿¢¨¸¢š¸ˆÅ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆÅ¸ ‚›¸º¨¸÷¸Ä›¸ ©¸¸¢Ÿ¸¥¸ í¾— Bank and inspection of RBI.
‰¸) ‚¸¿÷¸¢£ˆÅ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ¢¨¸«¸¡¸ Ÿ¸Ê ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ b) As regards internal audit, ACB reviews the internal
¬¸¢Ÿ¸¢÷¸ ¤¸ÿˆÅ Ÿ¸Ê ‚›¸º¨¸÷¸Ä›¸ ˆÅú ´¦«’ ¬¸½ ‚¸¿÷¸¢£ˆÅ ¢›¸£ú®¸µ¸/¥¸½‰¸¸ œ¸£ú®¸¸ inspection and audit function in the Bank – adequacy
ˆÅ¸¡¸Ä ˆÅú Š¸ºµ¸¨¸î¸¸-œÏµ¸¸¥¸ú ˆÅú œ¸¡¸¸Äœ÷¸÷¸¸, Š¸ºµ¸¨¸î¸¸ ‚¸¾£ œÏž¸¸¨¸¸½÷œ¸¸™ˆÅ÷¸¸ of the system, its quality and effectiveness in terms
ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅ£÷¸ú í¾— ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ¢¨¸©¸½«¸±¸ of follow up. ACB also reviews inspection reports of
¨¸ ‚¢÷¸ ¢¨¸¬÷¸¼÷¸ ©¸¸‰¸¸‚¸Ê ¬¸¢í÷¸ ¬¸ž¸ú ‚¬¸¿÷¸¸½«¸]¸›¸ˆÅ ¡¸¸½Š¡¸÷¸¸ÇÅŸ¸ ¨¸¸¥¸ú specialized and extra-large branches and all branches
©¸¸‰¸¸‚¸Ê ˆÅú ¢›¸£ú®¸µ¸ ¢£œ¸¸½’¸½ô ˆÅú ¬¸Ÿ¸ú®¸¸ ž¸ú ˆÅ£÷¸ú í¾— with unsatisfactory ratings.

Š¸) ¢¨¸©¸½«¸ ³Åœ¸ ¬¸½ ¡¸í ¬¸¢Ÿ¸¢÷¸ ‚¿÷¸£-©¸¸‰¸¸ ¬¸Ÿ¸¸¡¸¸½]¸›¸ ‰¸¸÷¸¸Ê, ›¸¸Á¬’︽ ‰¸¸÷¸¸Ê ‚¸¾£
‚¿÷¸£-¤¸ÿˆÅ ‰¸¸÷¸¸Ê Ÿ¸Ê ¬¸Ÿ¸¸š¸¸›¸ ›¸ ˆÅú Š¸ƒÄ ¨¸ ¥¸¿¤¸½ ¬¸Ÿ¸¡¸ ¬¸½ ¤¸ˆÅ¸¡¸¸ œÏ¢¨¸¦«’¡¸¸Ê,
¢¨¸¢ž¸››¸ ©¸¸‰¸¸‚¸Ê Ÿ¸Ê ¥¸½‰¸¸ ¤¸¢í¡¸¸Ê ˆ½Å ¢Ÿ¸¥¸¸›¸ ˆÅú ¦¬˜¸¢÷¸, š¸¸½‰¸¸š¸”õú ‚¸¾£
Š¸¼í¨¸½®¸µ¸ ˆ½Å ‚›¡¸ ¬¸ž¸ú Ÿ¸í÷¨¸œ¸»µ¸Ä ®¸½°¸¸Ê ˆÅ¸ ‚›¸º¨¸÷¸Ä›¸ ˆÅ£÷¸ú í¾—
‹¸) ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ‚›¸ºœ¸¸¥¸›¸ ‚¢š¸ˆÅ¸£ú ¬¸½ ž¸¸£÷¸
¬¸£ˆÅ¸£ ‚¸¾£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢¨¸¢ž¸››¸ ¢™©¸¸¢›¸™½©Ä ¸¸Ê ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸
¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¢÷¸Ÿ¸¸íú ¢£œ¸¸½’ô½ œÏ¸œ÷¸ ˆÅ£ „›¸ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅ£÷¸ú í¾—
Œ) ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ¬¸¿Š¸¸Ÿ¸ú ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸
¢£œ¸¸½’¸½ô œ¸£ ¢›¸Š¸£¸›¸ú £‰¸÷¸ú í¾ ‚¸¾£ ¬¸¸¿¢¨¸¢š¸ˆÅ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆÅú ¢’œœ¸¢µ¸¡¸¸Ê ‡¨¸¿
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢›¸£ú®¸µ¸ ˆ½Å ‚¨¸¥¸¸½ˆÅ›¸¸Ê ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ˆÅ£÷¸ú í¾—
\¸) ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ¬¸¸¿¢¨¸¢š¸ˆÅ ˆ½Å›Íú¡¸ ¥¸½‰¸¸
œ¸£ú®¸ˆÅ¸Ê ˆÅú ¢›¸¡¸º¢Æ÷¸ ˆÅ¸ ‚›¸ºŸ¸¸½™›¸ ˆÅ£÷¸ú í¾ ‚¸¾£ ¨¸¸¢«¸ÄˆÅ, ‚š¸Ä¨¸¸¢«¸ÄˆÅ,
°¸¾Ÿ¸¸¢¬¸ˆÅ ‰¸¸÷¸¸Ê ‚¸¾£ ¢£œ¸¸½’¸½ô ˆÅ¸½ ‚¿¢÷¸Ÿ¸ ³Åœ¸ ™½›¸½ ¬¸½ œ¸í¥¸½ ¬¸¸¿¢¨¸¢š¸ˆÅ
c) It specifically focuses on the follow up of Inter-Branch
Adjustment Accounts, Un-reconciled long outstanding
entries in Inter-Bank Accounts and Nostro Accounts,
Position of balancing of books at various branches,
frauds and all other major areas of housekeeping.
d) ACB obtains and reviews quarterly reports from the
Compliance Officer relating to implementation of various
Government and RBI guidelines.
e) ACB monitors the reports under concurrent audit,
compliance of observations of statutory audit and RBI
inspection.
f) ACB approves the appointment of Statutory Central
Auditors and also interacts with the Statutory Central
Auditors before finalization of the annual, half-yearly,

43
 Annual Report 2020-21

ˆÊÅÍú¡¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ˆ½Å ¬¸¸˜¸ \¸\¸¸Ä ž¸ú ˆÅ£÷¸ú í¾— ¡¸í ¬¸¢Ÿ¸¢÷¸ ¥¸¸ÂŠ¸ quarterly accounts and reports. It also follows up all the
ûŸŸ¸Ä ¥¸½‰¸¸ œ¸£ú®¸¸ ¢£œ¸¸½’Ä (‡¥¸‡ûŇ‚¸£) Ÿ¸Ê „“¸‡ Š¸‡ ¬¸ž¸ú Ÿ¸ºÓ¸Ê ˆÅ¸ issues raised in the Long Form Audit Report (LFAR).
ž¸ú ‚›¸º¨¸÷¸Ä›¸ ˆÅ£÷¸ú í¾— g) ACB to take care of other issues entrusted to it under
Ž) ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ¬¸½¤¸ú (¢¥¸¦¬’¿Š¸ ‚¢›¸¨¸¸¡¸Ä÷¸¸‡¿ ‚¸¾£ SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
œÏˆÅ’›¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‡¿) ¢¨¸¢›¸¡¸Ÿ¸, 2015 ˆ½Å ‚š¸ú›¸ ¬¸¸ÿœ¸½ Š¸‡ ‚›¡¸ Ÿ¸ºÓ¸Ê œ¸£ ž¸ú
ˆÅ¸¡¸Ä ˆÅ£÷¸ú í¾— During the year, the ACB met 11 times and the dates of the
meetings are as under:
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú 11 ¤¸¾“ˆÊÅ íºƒô—
¤¸¾“ˆÅ¸Ê ˆ½Å ¢™›¸¸¿ˆÅ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ 12.05.2020 16.06.2020 29.06.2020 23.07.2020 23.09.2020 19.10.2020 14.12.2020
29.12.2020 19.01.2021 05.03.2021 20.03.2021
12.05.2020 16.06.2020 29.06.2020 23.07.2020 23.09.2020 19.10.2020 14.12.2020
29.12.2020 19.01.2021 05.03.2021 20.03.2021 The details of attendance of the Directors at the meetings
of the Committee held during their respective tenure are as
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ‚œ¸›¸ú ˆÅ¸¡¸Ä ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢›¸™½©¸ˆÅ¸Ê ˆÅú under:
„œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ
Meetings
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Name of the
held
Meetings
¤¸¾“ˆÅ¸Ê Period during
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å Director Attended
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ Ÿ¸Ê their
™¸¾£¸›¸ ¬¸¿œ¸››¸ tenure
„œ¸¦¬˜¸¢÷¸
¤¸¾“ˆÊÅ
Shri R. 01.04.2020 to 11 11
ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 01.04.2020 ¬¸½ 11 11 Thamodharan 31.03.2021
31.03.2021
Shri Hemant 01.04.2020 to 11 10
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 11 10 Tamta 31.03.2021
31.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 09 08 Shri Nageswara 01.04.2020 to 09 08
Rao Y. 21.01.2021
21.01.2021
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 01 01 Shri A.B. 10.03.2021 to 01 01
Vijayakumar 31.03.2021
31.03.2021
ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ 01.04.2020 ¬¸½ 11 10 Mrs. Vandita Kaul 01.04.2020 to 11 10
31.03.2021
31.03.2021
ªú ‡Ÿ¸. ˆ½Å. ¨¸Ÿ¸¸Ä 01.04.2020 ¬¸½ 11 11 Shri M.K. Verma 01.04.2020 to 11 11
31.03.2021
31.03.2021
* ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ‡¬¸ú¤¸ú ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ‚¸Ÿ¸¿¢°¸÷¸ ¬¸™¬¡¸ ˆ½Å ³Åœ¸ Ÿ¸Ê „œ¸¦¬˜¸÷¸ £í½— *Shri Hemant Tamta attended the ACB Meetings as invitee
member.
ªú \¸¿ÍˆÅ¸¿÷¸ ž¸¸Š¸¨¸÷¸, ˆ¿Åœ¸›¸ú ¬¸¢\¸¨¸, ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ Shri. Chandrakant Bhagwat, Company Secretary, acts as the
ˆ½Å ¬¸¢\¸¨¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ˆÅ¸¡¸Ä ˆÅ£÷¸½ íÿ— Secretary to ACB.
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ The composition of the Committee as on 31st March, 2021 is as
under:
i. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ‚š¡¸®¸
i. Shri R. Thamodharan Chairman
ii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸
ii. Shri A.B. Vijayakumar Member
iii. ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ ¬¸™¬¡¸ iii. Mrs. Vandita Kaul Member
iv. ªú ‡Ÿ¸. ˆ½Å. ¨¸Ÿ¸¸Ä ¬¸™¬¡¸ iv. Shri M.K. Verma Member

5.3 ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ¬¸¢Ÿ¸¢÷¸À 5.3 Risk Management Committee of the Board:
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ]¸¸£ú ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸£µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ The Risk Management Committee of the Board has been
¬¸¢Ÿ¸¢÷¸ ˆÅ¸ Š¸“›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, ¬¸¢Ÿ¸¢÷¸ ¬¸Ÿ¸¦›¨¸÷¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸, ¢]¸¬¸Ÿ¸Ê †µ¸ constituted as per the guidelines issued by Reserve Bank
]¸¸½¢‰¸Ÿ¸ ¬¸¢í÷¸ ¤¸ÿˆÅ ˆ½Å ¢¨¸¢ž¸››¸ ]¸¸½¢‰¸Ÿ¸ ‡Æ¬¸œ¸¸½]¸£ ©¸¸¢Ÿ¸¥¸ íÿ, ˆ½Å ¢¥¸‡ ›¸ú¢÷¸¡¸¸¿ of India to devise policies and strategies for Integrated Risk
Management containing various risk exposures of the Bank
‚¸¾£ £µ¸›¸ú¢÷¸¡¸¸¿ ÷¸¾¡¸¸£ ˆÅ£÷¸ú í¾—
including the credit risk.
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¢›¸Ÿ›¸¸›¸º¬¸¸£ 04 ¤¸¾“ˆÊÅ íºƒô— The Committee met 04 times during the year as under.
29.06.2020 22.09.2020 24.11.2020 22.02.2021 29.06.2020 22.09.2020 24.11.2020 22.02.2021

44
Jeeef<e&keÀ efjHeesì& 2020-21
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ‚œ¸›¸ú ˆÅ¸¡¸Ä ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢›¸™½©¸ˆÅ¸Ê ˆÅú The details of attendance of the Directors at the meetings
of the Committee held during their respective tenure are as
„œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ
under:
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Meetings
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê held
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ Name of the
Period during
Meetings
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸ Director Attended
their
¤¸¾“ˆÊÅ tenure
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 04 04
Shri A.S. Rajeev 01.04.2020 to 04 04
31.03.2021 31.03.2021
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 04 03 Shri Hemant 01.04.2020 to 04 03
31.03.2021 Tamta 31.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 03 03 Shri Nageswara 01.04.2020 to 03 03
21.01.2021 Rao Y. 21.01.2021
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 00 00 Shri A.B. 10.03.2021 to 00 00
31.03.2021 Vijayakumar 31.03.2021
ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 01.04.2020 ¬¸½ 04 04 Shri R. 01.04.2020 to 04 04
31.03.2021 Thamodharan 31.03.2021
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ The composition of the Committee as on 31st March, 2021 is as
under:
i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸
i. Shri A.S. Rajeev Chairman
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸
ii. Shri Hemant Tamta Member
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸ iii. Shri A.B. Vijayakumar Member
iv. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ¬¸™¬¡¸ iv Shri R. Thamodharan Member

5.4 ¢í÷¸š¸¸£ˆÅ¸Ê ˆÅú ¬¸¿¤¸¿š¸ ¬¸¢Ÿ¸¢÷¸À 5.4 Stakeholders Relationship Committee:

¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ׸£¸ ¤¸ÿˆÅ ˆ½Å ©¸½¡¸£š¸¸£ˆÅ¸Ê/ ¢›¸¨¸½©¸ˆÅ¸Ê ˆÅú ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆ½Å The Stakeholders Relationship Committee was formed by the
¢›¸¨¸¸£µ¸ ˆÅú ™½‰¸£½‰¸ ˆ½Å ¢¥¸‡ `¢í÷¸š¸¸£ˆÅ¸Ê ˆÅú ¬¸¿¤¸¿š¸ ¬¸¢Ÿ¸¢÷¸' ˆÅ¸ Š¸“›¸ Board to oversee the grievances redressal of Shareholders.
¢ˆÅ¡¸¸ Š¸¡¸¸— Investors of the Bank.

¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¢›¸Ÿ›¸¸›¸º¬¸¸£ 04 ¤¸¾“ˆÊÅ íºƒô— The Committee met 04 times during the year as under.

15.06.2020 22.09.2020 24.11.2020 20.03.2021 15.06.2020 22.09.2020 24.11.2020 20.03.2021

¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ‚œ¸›¸ú ˆÅ¸¡¸Ä ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢›¸™½©¸ˆÅ¸Ê ˆÅú The details of attendance of the Directors at the meetings
„œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ of the Committee held during their respective tenure are as
under:
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê Meetings
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ Name of the
held
Meetings
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸ Period during
Director Attended
¤¸¾“ˆÊÅ their
tenure
ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 01.04.2020 ¬¸½ 04 04
31.03.2021 Shri R 01.04.2020 to 04 04
Thamodharan 31.03.2021
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 04 02 Shri Hemant 01.04.2020 to 04 02
31.03.2021 Tamta 31.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 03 03 Shri Nageswara 01.04.2020 to 03 03
21.01.2021 Rao Y. 21.01.2021
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 01 01 Shri A.B. 10.03.2021 to 01 01
Vijayakumar 31.03.2021
31.03.2021
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ The composition of the Committee as on 31st March, 2021 is as
under:
i. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ‚š¡¸®¸
i. Shri R. Thamodharan Chairman
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸
ii. Shri Hemant Tamta Member
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸
iii. Shri A.B. Vijayakumar Member

45
 Annual Report 2020-21

¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê œÏ¸œ÷¸ ‚¸¾£ ¢›¸œ¸’¸ƒÄ Š¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú The position of complaints in respect of Shareholders received
and resolved during the year is as under:
¦¬˜¸¢÷¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ
01.04.2020 ˆÅ¸½ ¥¸¿¢¤¸÷¸ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ 0 Number of complaints pending as on 01.04.2020 0
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œÏ¸œ÷¸ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ 50 Number of complaints received during the year 50
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢›¸œ¸’¸ƒÄ Š¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ 50 Number of complaints resolved during the year 50
31.03.2021 ˆÅ¸½ ¥¸¿¢¤¸÷¸ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ 0 Number of complaints pending as on 31.03.2021 0

¤¸ÿˆÅ ˆ½Å ¢›¸¨¸½©¸ˆÅ¸Ê ˆÅú ¢©¸ˆÅ¸¡¸÷¸¸Ê ‚¸¾£ ¬’¸ÁˆÅ ‡Æ¬¸\¸Ê]¸ ˆ½Å ‚›¸ºœ¸¸¥¸›¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê
ªú \¸¿ÍˆÅ¸¿÷¸ ž¸¸Š¸¨¸÷¸, ˆ¿Åœ¸›¸ú ¬¸¢\¸¨¸ ˆÅ¸½ ¤¸ÿˆÅ ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ‚¢š¸ˆÅ¸£ú œ¸™›¸¸¢Ÿ¸÷¸
¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
Shri Chandrakant Bhagwat, Company Secretary has been
designated as the Compliance Officer of the Bank in respect of
compliance to the Stock exchanges and investor grievances of
the Bank.

5.5 ©¸½¡¸£ ‚¿÷¸£µ¸ ¬¸¢Ÿ¸¢÷¸À 5.5 Share Transfer Committee:

¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ›¸½ `¢í÷¸š¸¸£ˆÅ¸Ê ˆÅú ¬¸¿¤¸¿š¸ ¬¸¢Ÿ¸¢÷¸' ˆ½Å ¬¸¸˜¸ íú `©¸½¡¸£ ‚¿÷¸£µ¸
¬¸¢Ÿ¸¢÷¸' ˆÅ¸ Š¸“›¸ ¢ˆÅ¡¸¸ ]¸¸½ ¢ˆÅ ©¸½¡¸£¸Ê ˆ½Å ‚¿÷¸£µ¸, ’︛¬¸¢Ÿ¸©¸›¸, ›¸¸Ÿ¸ í’¸‡
]¸¸›¸½ ˆ½Å ‚¸¨¸½™›¸ ƒ÷¡¸¸¢™ ˆÅ¸ ‚›¸ºŸ¸¸½™›¸ ˆÅ£÷¸ú í¾— ¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê 3 ¬¸™¬¡¸
íÿ— ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ›¸½ ‚¸¨¸½™›¸¸Ê ˆ½Å ÷¸÷ˆÅ¸¥¸ ¢›¸œ¸’¸›¸ í½÷¸º 05.11.2016 ¬¸½
ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ¸Ê ˆÅú ©¸½¡¸£ ‚¿÷¸£µ¸ ¬¸¿¨¸ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ˆÅ¸½ ©¸½¡¸£¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ‚¿÷¸£µ¸,
í¬÷¸¸¿÷¸£µ¸ ‚¸¾£ ›¸¸Ÿ¸ í’¸›¸½ ƒ÷¡¸¸¢™ ‚¸¨¸½™›¸¸Ê ˆ½Å ‚›¸ºŸ¸¸½™›¸ í½÷¸º œÏ¸¢š¸ˆÅ¸£
œÏ÷¡¸¸¡¸¸½¢]¸÷¸ ¢ˆÅ‡ íÿ—
Besides the Stakeholders’ Relationship Committee, the Board
has formed “Share Transfer Committee” to approve. note
applications of transfer, transmission and name deletion etc.,
in respect of shares. The Committee consist of three members.
The Board has delegated the authority to approve applications
of transfer, transmission and name deletion etc., in respect of
shares to Share Transfer Scrutiny Committee of Executives
w.e.f 05.11.2016 for speedy disposal of applications.

¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ÷¸¸£ú‰¸¸Ê ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú 02 ¤¸¾“ˆÅ¸Ê ˆÅ¸ ‚¸¡¸¸½]¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— The Committee met 02 times on following dates as under.

24.11.2020 20.03.2021
24.11.2020 20.03.2021
The details of attendance of the Directors at the meetings was
¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆÅ¸ ¤¡¸¸¾£¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾ À as under

¬¸¢Ÿ¸¢÷¸ Meetings
Ÿ¸Ê „›¸ˆ½Å held
¤¸¾“ˆÅ¸Ê Ÿ¸Ê Name of the Meetings
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å Period during
Director Attended
„œ¸¦¬˜¸¢÷¸ their
™¸¾£¸›¸ ¬¸¿œ¸››¸ tenure
¤¸¾“ˆÊÅ
Shri A.S. Rajeev 01.04.2020 to 02 02
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 02 02
31.03.2021
31.03.2021
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 02 00 Shri Hemant 01.04.2020 to 02 00
Tamta 30.03.2021
31.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 01 01 Shri Nageswara 01.04.2020 01 01
21.01.2021 Rao Y. to.21.01.2021

ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 01 01 Shri A.B. 10.03.2021 to 01 01

31.03.2021 Vijayakumar 31.03.2021
ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 01.04.2020 ¬¸½ 02 02 Shri R. 01.04.2020 to 02 02
31.03.2021 Thamodharan 31.03.2021

31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ The composition of the Committee as on 31st March, 2021 is as
under:
i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸ i. Shri A.S. Rajeev Chairman
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸ ii Shri Hemant Tamta Member
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸ iii Shri A.B. Vijayakumar Member
iv. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ¬¸™¬¡¸ iv Shri R. Thamodharan Member
5.6 ¤¸”õú £¸¢©¸ ¨¸¸¥¸ú ]¸¸¥¸¬¸¸¢]¸¡¸¸Ê ˆÅú ¢›¸Š¸£¸›¸ú í½÷¸º ¢¨¸©¸½«¸ ¬¸¢Ÿ¸¢÷¸À 5.6 Special Committee to Monitor Large Value Frauds:
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ‚›¸º™©½ ¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¡¸í ¬¸¢Ÿ¸¢÷¸ Š¸¢“÷¸ ˆÅú Š¸ƒÄ í¾— ¬¸¢Ÿ¸¢÷¸ „\\¸ As per the directions of Reserve Bank of India, the Committee,
Ÿ¸»¥¡¸ ¨¸¸¥¸ú ]¸¸¥¸¬¸¸¢]¸¡¸¸Ê ˆÅú ¢›¸Š¸£¸›¸ú ˆÅ£÷¸½ íÿ— ¬¸¢Ÿ¸¢÷¸ ˆÅ¸ Ÿ¸º‰¡¸ ˆÅ¸¡¸Ä ` 1.00 ˆÅ£¸½”õ was constituted to monitor large value frauds. The major
‡¨¸¿ „¬¸¬¸½ ‚¢š¸ˆÅ ˆÅú ¬¸ž¸ú ]¸¸¥¸¬¸¸¢]¸¡¸¸Ê ˆÅú ¢›¸Š¸£¸›¸ú ‡¨¸¿ ¬¸Ÿ¸ú®¸¸ ˆÅ£›¸¸ í¾— functions of the Committee include monitoring and review of
all the frauds of `  1.00 crore and above.
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú 04 ¤¸¾“ˆÊÅ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íºƒôÀ The Committee met 04 times during the year as under:

15.06.2020 22.09.2020 24.11.2020 05.03.2021 15.06.2020 22.09.2020 24.11.2020 05.03.2021

46
Jeeef<e&keÀ efjHeesì& 2020-21
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ‚œ¸›¸ú ˆÅ¸¡¸Ä ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢›¸™½©¸ˆÅ¸Ê ˆÅú The details of attendance of the Directors at the meetings of the
Committee held during their respective tenures are as under:
„œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Meetings
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê held
Name of the Meetings
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ Period during
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸ Director Attended
their
¤¸¾“ˆÊÅ tenure
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 04 04 Shri A.S. Rajeev 01.04.2020 to 04 04
31.03.2021 31.03.2021
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 04 03 Shri Hemant 01.04.2020 to 04 03
31.03.2021 Tamta 30.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 03 03 Shri Nageswara 01.04.2020 to 03 03
21.01.2021 Rao Y. 21.01.2021
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 00 00 Shri A.B. 10.03.2021 to 00 00
31.03.2021 Vijayakumar 31.03.2021
ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 01.04.2020 ¬¸½ 04 04 Shri R. 01.04.2020 to 04 04
31.03.2021 Thamodharan 31.03.2021
The composition of the Committee as on 31st March, 2021 is as
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ
under:
i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸ i. Shri A.S. Rajeev Chairman
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸ ii . Shri Hemant Tamta Member
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸ iii Shri A.B. Vijayakumar Member
iv. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ¬¸™¬¡¸ iv Shri R. Thamodharan Member

5.7 Directors’ Promotion Committee:

5.7 ¢›¸™½©¸ˆÅ¸Ê ˆÅú œ¸™¸½››¸¢÷¸ ¬¸¢Ÿ¸¢÷¸ À
¨¸¢£«“ ¬÷¸£ œ¸£ œ¸™¸½››¸¢÷¸¡¸¸Ê í½÷¸º ‚š¡¸®¸ ¨¸ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ/ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿
¬¸úƒÄ‚¸½ ÷¸˜¸¸ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ‡¨¸¿ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ›¸¸¢Ÿ¸÷¸ ¢›¸™½©¸ˆÅ¸Ê ¨¸¸¥¸ú
‡ˆÅ ¬¸¢Ÿ¸¢÷¸ ˆÅ¸ Š¸“›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ¡¸í ¬¸¢Ÿ¸¢÷¸ ¬¸÷¸ˆÄÅ÷¸¸ ‚›¸º©¸¸¬¸¢›¸ˆÅ Ÿ¸¸Ÿ¸¥¸¸Ê
÷¸˜¸¸ ¢¨¸ž¸¸Š¸ú¡¸ ]¸¸¿\¸¸Ê ˆÅú ¬¸Ÿ¸ú®¸¸ ž¸ú ˆÅ£÷¸ú í¾, ¢]¸¬¸ˆ½Å ¢¥¸‡ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ
ž¸ú ƒ¬¸ ¬¸¢Ÿ¸¢÷¸ ˆ½Å ¬¸¸˜¸ ¬¸¿¤¸Ö í¸½÷¸½ íÿ—
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú 04 ¤¸¾“ˆÊÅ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íºƒô—
A Committee of Directors consisting of Chairman and Managing
Director. Managing Director and CEO the nominee Directors
of Government of India and Reserve Bank of India has been
formed for dealing with the promotions at senior level. The
Committee deals with review of vigilance disciplinary cases
and departmental enquiries, for which the Executive Director
is also associated with this committee
The Committee met 04 times during the year as under:

15.06.2020 22.09.2020 29.12.2020 05.03.2021

15.06.2020 22.09.2020 29.12.2020 05.03.2021
The details of attendance of the Directors at the aforesaid
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ Committee meetings are as under:

¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Meetings

¤¸¾“ˆÅ¸Ê Ÿ¸Ê
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å held
„œ¸¦¬˜¸¢÷¸ Name of the
Period during
Meetings
™¸¾£¸›¸ ¬¸¿œ¸››¸ ¤¸¾“ˆÊÅ Director Attended
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 04 04 their
tenure
31.03.2021
Shri A.S. Rajeev 01.04.2020 to 04 04
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 04 04 31.03.2021
31.03.2021 Shri Hemant 01.04.2020 to 04 04
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 03 03 Tamta 31.03.2021
21.01.2021 Shri Nageswara 01.04.2020 to 03 03
ªú ‡. ¤¸ú. 10.03.2021 ¬¸½ 00 00 Rao Y. 21.01.2021
¢¨¸]¸¡¸ˆºÅŸ¸¸£ 31.03.2021 Shri A.B. 10.03.2021 to 00 00
Vijayakumar 31.03.2021
ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ 01.04.2020 ¬¸½ 04 03 Mrs. Vandita Kaul 01.04.2020 to 04 03
31.03.2021 31.03.2021
ªú ‡Ÿ¸. ˆ½Å ¨¸Ÿ¸¸Ä 01.04.2020 ¬¸½ 04 04 Shri M. K. Verma 01.04.2020 to 04 04
31.03.2021 31.03.2021
The composition of the Committee as on 31st March, 2021 is as
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ
under.
i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸ i. Shri A.S. Rajeev Chairman
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸ ii. Shri Hemant Tamta Member
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸ iii. Shri A.B. Vijayakumar Member
iv. ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ ¬¸™¬¡¸ iv. Mrs. Vandita Kaul Member
v. ªú ‡Ÿ¸. ˆ½Å ¨¸Ÿ¸¸Ä ¬¸™¬¡¸ v. Shri M.K. Verma Member

47
 Annual Report 2020-21

5.8 ŠÏ¸íˆÅ ¬¸½¨¸¸ ¬¸¢Ÿ¸¢÷¸À 5.8 Customer Service Committee:

As per the directions of the RBI, the Committee was constituted
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¤¸ÿˆÅ ˆÅú ŠÏ¸íˆÅ ¬¸½¨¸¸ ˆÅú Š¸ºµ¸¨¸î¸¸ to review a feed-back on quality of customer service in the Bank
œ¸£ œÏ¸œ÷¸ œÏ¢÷¸-¬¸»\¸›¸¸‚¸Ê ˆÅ¸ œ¸º›¸£ú®¸µ¸ ˆÅ£›¸½ ‚¸¾£ ¤¸ÿˆÅ ˆÅú ˆÅ¸¡¸Ä¢¨¸¢š¸¡¸¸Ê ‚¸¾£ and to have innovative measures for enhancing the quality of
œÏµ¸¸¢¥¸¡¸¸Ê Ÿ¸Ê ¬¸÷¸÷¸ ‚¸š¸¸£ œ¸£ ¬¸ºš¸¸£ ¥¸¸ˆÅ£ ŠÏ¸íˆÅ ¬¸½¨¸¸ ˆÅú Š¸ºµ¸¨¸î¸¸ ¬¸ºš¸¸£›¸½ customer service by bringing about on-going improvements
í½÷¸º ›¸¨¸¸½›Ÿ¸½«¸ú „œ¸¸¡¸ ‚œ¸›¸¸›¸½ ˆ½Å ¢¥¸‡ ¬¸¢Ÿ¸¢÷¸ ˆÅ¸ Š¸“›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ¬¸¢Ÿ¸¢÷¸ in the systems and procedures of the Bank. The Committee
Ÿ¸Ê \¸¸£ ¬¸™¬¡¸ íÿ— consist of four members.
The Committee met 04 times during the year as under:
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú 04 ¤¸¾“ˆÊÅ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íºƒô.
15.06.2020 22.09.2020 30.12.2020 20.03.2021 15.06.2020 22.09.2020 30.12.2020 20.03.2021

¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ The details of attendance of the Directors at the aforesaid
Committee meetings are as under:
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Meetings
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê held
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ Name of the Meetings
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸ Period during
Director Attended
¤¸¾“ˆÊÅ their
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 04 04 tenure
31.03.2021 Shri A.S. Rajeev 01.04.2020 to 04 04
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 04 03 31.03.2021
31.03.2021 Shri Hemant 01.04.2020 to 04 03
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 03 03 Tamta 31.03.2021
21.01.2021 Shri Nageswara 01.04.2020 to 03 03
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 01 01 Rao Y. 21.01.2021
31.03.2021 Shri A.B. 10.03.2021 to 01 01
Vijayakumar 31.03.2021
ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 01.04.2020 ¬¸½ 04 04
31.03.2021 Shri R. 01.04.2020 to 04 04
Thamodharan 31.03.2021
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ
The composition of the Committee as on 31st March, 2021 is as
i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸ under:
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸ i. Shri A.S. Rajeev Chairman
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸ ii. Shri Hemant Tamta Member
iv. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ¬¸™¬¡¸ iii. Shri A.B. Vijayakumar Member
iv. Shri R. Thamodharan Member
5.9 œÏ¸¾Ô¸¸½¢Š¸ˆÅú ¬¸¢Ÿ¸¢÷¸À
5.9 Technology Committee:
¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú ˆÅú „¢\¸÷¸ £µ¸›¸ú¢÷¸ ˆÅ¸ \¸¡¸›¸ ˆÅ£›¸½ ÷¸˜¸¸ ¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú
The Technology Committee of the Board was constituted in
ˆÅú ¬¸ž¸ú £µ¸›¸ú¢÷¸ˆÅ ¡¸¸½]¸›¸¸‚¸Ê ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆÅú ¢›¸Š¸£¸›¸ú ˆÅ£›¸½ ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ the Bank to deal with all aspects of IT Governance including
¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú Š¸¨¸›¸½ô¬¸ ˆ½Å ¬¸ž¸ú œ¸í¥¸º‚¸Ê ˆÅú ™½‰¸£½‰¸ í½÷¸º ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú choosing the right IT strategy and monitoring implementation of
œÏ¸¾Ô¸¸½¢Š¸ˆÅú ¬¸¢Ÿ¸¢÷¸ ˆÅ¸ Š¸“›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ˜¸¸— ¬¸¢Ÿ¸¢÷¸ ˆ½Å \¸¸£ ¬¸™¬¡¸ íÿ— all strategic IT plans. The Committee consist of four members.
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¢›¸Ÿ›¸¸›¸º¬¸¸£ 05 ¤¸¾“ˆÊÅ íºƒôÀ The Committee met 05 times during the year as under:

15.06.2020 24.08.2020 22.09.2020 29.12.2020 22.02.2021 15.06.2020 24.08.2020 22.09.2020 29.12.2020 22.02.2021
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ The details of attendance of the Directors at the aforesaid
íÿÀ Committee meetings are as under:

¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Meetings

¤¸¾“ˆÅ¸Ê Ÿ¸Ê held
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ™¸¾£¸›¸ Name of the Meetings
„œ¸¦¬˜¸¢÷¸ Director
Period during
Attended
¬¸¿œ¸››¸ ¤¸¾“ˆÊÅ their
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 05 05 tenure
31.03.2021 Shri A.S. Rajeev 01.04.2020 to 05 05
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 05 05 31.03.2021
31.03.2021 Shri Hemant 01.04.2020 to 05 05
Tamta 31.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 04 04
21.01.2021 Shri Nageswara 01.04.2020 to 04 04
Rao Y. 30.03.2021
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 00 00
Shri A.B. 10.03.2021 to 00 00
31.03.2021 Vijayakumar 31.03.2021
ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ 01.04.2020 ¬¸½ 05 03 Mrs. Vandita 01.04.2020 to 05 03
31.03.2021 Kaul 31.03.2021
ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 01.04.2020 ¬¸½ 05 05 Shri R. 01.04.2020 to 05 05
31.03.2021 Thamodharan 31.03.2021

48
Jeeef<e&keÀ efjHeesì& 2020-21
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ The composition of the Committee as on 31st March, 2021 is as
under:
i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸
i. Shri A. S. Rajeev Chairman
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸
ii. Shri Hemant Tamta Member
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸
iii. Shri A.B. Vijayakumar Member
iv. ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ ¬¸™¬¡¸
iv. Mrs. Vandita Kaul Member
v. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ¬¸™¬¡¸
v. Shri R. Thamodharan Member
5.10 †µ¸ ‚›¸ºŸ¸¸½™›¸ ¬¸¢Ÿ¸¢÷¸À
5.10 Credit Approval Committee:
£¸«’ïú¡¸ˆ¼Å÷¸ ¤¸ÿˆÅ (œÏ¤¸¿š¸›¸ ‚¸¾£ ¢¨¸¢¨¸š¸ œÏ¸¨¸š¸¸›¸) ¡¸¸½]¸›¸¸ 1970/1980 Ÿ¸Ê The Credit Approval Committee of the Board was constituted
¬¸¿©¸¸½š¸›¸ ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê Ÿ¸¿”¥¸ ˆÅú †µ¸ ‚›¸ºŸ¸¸½™›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅ¸ Š¸“›¸ ¢™›¸¸¿ˆÅ 10 on 10th February 2012 following the amendment to Nationalized
ûÅ£¨¸£ú, 2012 ˆÅ¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸— ¬¸¢Ÿ¸¢÷¸ ˆÅ¸½ ¨¡¸¢Æ÷¸Š¸÷¸ í½÷¸º ²Å.250.00 ˆÅ£¸½”õ, Banks (Management and Miscellaneous Provisions) Scheme,
¬¸Ÿ¸»í ‡Æ¬¸œ¸¸½]¸£ í½÷¸º ²Å.500.00 ˆÅ£¸½”õ ÷¸ˆÅ ˆ½Å †µ¸ œÏ¬÷¸¸¨¸ ‚¸¾£ †µ¸ 1970.1980. The Committee is vested with the powers of the
Board with regard to credit proposals up to Rs.250.00 crore
¬¸Ÿ¸^¸¸¾÷¸¸/¤¸’Ã’½ ‰¸¸÷¸½ œÏ¬÷¸¸¨¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¤¸¸½”Ä ×¸£¸ ‚¢š¸ˆÅ¸£ œÏ÷¡¸¸¡¸¸½¢]¸÷¸
for individual, Rs.500.00 crore for group exposure and loan
¢ˆÅ‡ Š¸‡ íÿ— œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À compromise.write off proposals as delegated by the Board. In
i. ‚š¡¸®¸ ¨¸ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ/ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½ terms of the provisions, the constitution of the Committee is as
follows.
ii. ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅŠ¸µ¸
i. Chairman & Managing Director/MD & CEO
iii. Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, †µ¸ ii. Executive Directors
iv. Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¬¸Ÿ¸¦›¨¸÷¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ iii. General Manager, Credit
v. Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¢¨¸î¸ú¡¸ œÏ¤¸¿š¸›¸ ¨¸ ¥¸½‰¸¸ iv. General Manager, Integrated Risk Management
v. General Manager, Financial Management & Accounts
vi. Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, †µ¸ œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸
vi. General Manager, Credit Priority
vii. Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¨¸¬¸»¥¸ú ¨¸ ¢¨¸¢š¸ ¬¸½¨¸¸‡¿ vii. General Manager, Recovery and Legal Services.
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú 26 ¤¸¾“ˆÊÅ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ¢™›¸¸¿ˆÅ¸Ê ˆÅ¸½ íºƒô— The Committee met 26 times during the year on the dates
given below.
ÇÅ. ¢™›¸¸¿ˆÅ ÇÅ. ¢™›¸¸¿ˆÅ ÇÅ. ¢™›¸¸¿ˆÅ
Sr. Sr. SR
01 22.05.2020 11 08.10.2020 21 04.02.2021 Date Date Date
No. No. NO
02 10.06.2020 12 15.10.2020 22 22.02.2021 01 22.05.2020 11 08.10.2020 21 04.02.2021
03 13.07.2020 13 20.10.2020 23 04.03.2021 02 10.06.2020 12 15.10.2020 22 22.02.2021

04 31.07.2020 14 10.11.2020 24 08.03.2021 03 13.07.2020 13 20.10.2020 23 04.03.2021

04 31.07.2020 14 10.11.2020 24 08.03.2021
05 14.08.2020 15 24.11.2020 25 24.03.2021
05 14.08.2020 15 24.11.2020 25 24.03.2021
06 26.08.2020 16 10.12.2020 26 31.03.2021
06 26.08.2020 16 10.12.2020 26 31.03.2021
07 05.09.2020 17 28.12.2020
07 05.09.2020 17 28.12.2020
08 11.09.2020 18 31.12.2020 08 11.09.2020 18 31.12.2020
09 25.09.2020 19 20.01.2021 09 25.09.2020 19 20.01.2021
10 30.09.2020 20 01.02.2021 10 30.09.2020 20 01.02.2021

¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ The details of attendance of the Directors at the aforesaid
Committee meetings are as Under:
íÿÀ
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Meetings
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê held
Name of the Meetings
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ Period during
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸ Director
their
Attended
¤¸¾“ˆÊÅ tenure
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 26 26 Shri A.S. Rajeev 01.04.2020 to 26 26
31.03.2021 31.03.2021
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 26 25 Shri Hemant 01.04.2020 to 26 25
31.03.2021 Tamta 31.03.2021

ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 19 18 Shri Nageswara 01.04.2020 to 19 18

21.01.2021 Rao Y. 21.01.2021

ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 02 02 Shri A.B. 10.03.2021 to 02 02

31.03.2021 Vijayakumar 31.03.2021

49
 Annual Report 2020-21

ƒ›¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ž¸ú ©¸¸¢Ÿ¸¥¸ íº‡À The meetings were also attended by the following executives.
i. General Manager, Credit
i. Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, †µ¸
ii. General Manager, Integrated Risk Management
ii. Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¬¸Ÿ¸¦›¨¸÷¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸
iii. General Manager, Financial Management & Accounts
iii. Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¢¨¸î¸ú¡¸ œÏ¤¸¿š¸›¸ ¨¸ ¥¸½‰¸¸
iv. General Manager, Credit Priority – As per requirement
iv. Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, †µ¸ œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ - ‚¸¨¸©¡¸ˆÅ÷¸¸›¸º¬¸¸£
v. General Manager, Recovery- As per requirement
v. Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¨¸¬¸»¥¸ú - ‚¸¨¸©¡¸ˆÅ÷¸¸›¸º¬¸¸£
5.11 Steering Committee on HR:
5.11 Ÿ¸¸›¸¨¸ ¬¸¿¬¸¸š¸›¸ œ¸£ ¬¸¿\¸¸¥¸›¸ ¬¸¢Ÿ¸¢÷¸ À
The Committee discusses various matters.issues related to
¬¸¢Ÿ¸¢÷¸ Ÿ¸¸›¸¨¸ ¬¸¿¬¸¸š¸›¸ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¢¨¸¢ž¸››¸ Ÿ¸¸Ÿ¸¥¸¸Ê/ Ÿ¸ºÓ¸Ê œ¸£ \¸\¸¸Ä ˆÅ£÷¸ú í¾— Human Resources. Bank has inducted two specialists in the
¤¸ÿˆÅ ›¸½ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆ½Å œ¸£¸Ÿ¸©¸ÄˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ‡\¸‚¸£ ®¸½°¸ Ÿ¸Ê 2 ¢¨¸©¸½«¸±¸¸Ê ˆÅ¸½ area of HR as Advisors to the Board, who are also members of
©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ í¾ ]¸¸½ ¬¸¢Ÿ¸¢÷¸ ˆ½Å ¬¸™¬¡¸ ž¸ú íÿ— the Committee.

¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¢›¸Ÿ›¸¸›¸º¬¸¸£ 03 ¤¸¾“ˆÊÅ íºƒô À The Committee met 03 times during the year as under:

22.09.2020 29.12.2020 20.03.2021 22.09.2020 29.12.2020 20.03.2021

The details of attendance of the Directors at the aforesaid
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£
Committee meetings are as under:
íÿÀ
Meetings
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å held
Name of the Meetings
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê Director
Period during
Attended
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ their
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸
tenure
¤¸¾“ˆÊÅ
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 03 03 Shri A.S. Rajeev 01.04.2020 to 03 03
31.03.2021
31.03.2021
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 03 02 Shri Hemant 01.04.2020 to 03 02
Tamta 31.03.2021
31.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 02 02 Shri Nageswara 01.04.2020 to 02 02
Rao Y. 21.01.2021
21.01.2021
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 01 01 Shri A.B. 10.03.2021 to 01 01
Vijayakumar 31.03.2021
31.03.2021
ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ 01.04.2020 ¬¸½ 03 02 Mrs. Vandita 01.04.2020 to 03 02
Kaul 31.03.2021
31.03.2021
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ The composition of the Committee as on 31st March, 2021 is as
under:
i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸
i. Shri A.S. Rajeev Chairman
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸ ii. Shri Hemant Tamta Member
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸ iii. Shri A.B. Vijayakumar Member
iv. ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ ¬¸™¬¡¸ iv. Mrs. Vandita Kaul Member
v. ªúŸ¸÷¸ú ‡¬¸. ‡. œ¸¸›¸¬¸½ ‚¸Ÿ¸¿¢°¸÷¸ ¤¸¸à¸ ¢¨¸©¸½«¸±¸ v. Mrs. S.A. Panse Invitee outside expert

vi. ªúŸ¸÷¸ú Š¸ú¢÷¸ˆÅ¸ ˆÅœ¸»£ ‚¸Ÿ¸¿¢°¸÷¸ ¤¸¸à¸ ¢¨¸©¸½«¸±¸ vi. Mrs. Geetika Kapoor Invitee outside expert

5.12 ‡›¸œ¸ú‡ ¨¸¬¸»¥¸ú œ¸£ ¢›¸Š¸£¸›¸ú í½÷¸º ¤¸¸½”Ä ˆÅú ¬¸¢Ÿ¸¢÷¸ À
¡¸í ¬¸¢Ÿ¸¢÷¸ ¤¸ÿˆÅ Ÿ¸Ê ‡›¸œ¸ú‡ ¨¸¬¸»¥¸ú ˆÅú œ¸º›¸£ú®¸¸ ¨¸ ¢›¸Š¸£¸›¸ú ˆÅ£÷¸ú í¾ ‚¸¾£
¬¸¿ŠÏíµ¸ œÏµ¸¸¥¸ú ÷¸˜¸¸ †µ¸¸Ê ¨¸ ‚¢ŠÏŸ¸¸Ê ˆÅú ¨¸¬¸»¥¸ú œ¸£ œ¸¡¸Ä¨¸½®¸µ¸ ˆÅ£ ¤¸”õ½ Ÿ¸»¥¡¸
ˆ½Å ‡›¸œ¸ú‡ ‰¸¸÷¸¸Ê Ÿ¸Ê ¨¸¬¸»¥¸ú ˆÅ¸¡¸Ä¢›¸«œ¸¸™›¸ ˆÅú ¢›¸Š¸£¸›¸ú ˆÅ£÷¸ú í¾—
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¢›¸Ÿ›¸¸›¸º¬¸¸£ 04 ¤¸¾“ˆÊÅ íºƒô À
5.12 Committee of Board for monitoring NPA Recovery:
The Committee reviews and monitors NPA Recovery in the
Bank provides oversight on collection system and recovery of
loans & advances and monitors recovery performance in large
value NPA accounts.
The Committee met 04 times during the year as under:

22.09.2020 24.11.2020 30.12.2020 11.02.2021 22.09.2020 24.11.2020 30.12.2020 11.02.2021

50
Jeeef<e&keÀ efjHeesì& 2020-21
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ The details of attendance of the Directors at the aforesaid
Committee meetings are as under:
íÿÀ
Meetings
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Name of the
Period held during
Meetings
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê Director Attended
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ their tenure
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸
Shri A.S. 01.04.2020 to 04 04
¤¸¾“ˆÊÅ
Rajeev 31.03.2021
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 04 04
Shri Hemant 01.04.2020 to 04 03
31.03.2021
Tamta 31.03.2021
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 04 03
31.03.2021 Mrs. Vandita 01.04.2020 to 04 04
Kaul 31.03.2021
ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ 01.04.2020 ¬¸½ 04 04
31.03.2021 Shri 01.04.2020 to 03 03
Nageswara 21.01.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 03 03
Rao Y.
21.01.2021
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 00 00 Shri A.B. 10.03.2021 to 00 00
Vijayakumar 31.03.2021
31.03.2021
The composition of the Committee as on 31st March, 2021 is as
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ
under:
i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸ i. Shri A.S. Rajeev Chairman
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸ ii. Shri. Hemant Tamta Member
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸ iii. Shri A.B. Vijayakumar Member
iv. ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ ¬¸™¬¡¸ iv. Mrs. Vandita Kaul Member

5.13 ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅú ¢¨¸î¸ú¡¸ ¬¸Ÿ¸¸¨¸½©¸›¸ ¡¸¸½]¸›¸¸‚¸Ê ˆÅú œÏŠ¸¢÷¸ ˆÅú œ¸º›¸£ú®¸¸ 5.13 Committee to monitor and review the progress of financial
‚¸¾£ ¢›¸Š¸£¸›¸ú í½÷¸º ¬¸¢Ÿ¸¢÷¸À inclusion schemes of the Government of India:
¡¸í ¬¸¢Ÿ¸¢÷¸ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅú ¢¨¸î¸ú¡¸ ¬¸Ÿ¸¸¨¸½©¸›¸ ¡¸¸½]¸›¸¸‚¸Ê ˆÅú œÏŠ¸¢÷¸ ˆÅú The Committee have been constituted to monitor and review
¢›¸Š¸£¸›¸ú ‚¸¾£ œ¸º›¸£ú®¸¸ í½÷¸º Š¸¢“÷¸ ˆÅú Š¸ƒÄ— the progress of financial inclusion schemes of the Government
of India.
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¢›¸Ÿ›¸¸›¸º¬¸¸£ 04 ¤¸¾“ˆÊÅ íºƒô À
The Committee met 04 times during the year as under:
15.06.2020 22.09.2020 30.12.2020 05.03.2021 15.06.2020 22.09.2020 30.12.2020 05.03.2021
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ The details of attendance of the Directors at the aforesaid
íÿÀ Committee meetings are as under:

¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Meetings

held
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê Name of the Meetings
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ Director
Period during
Attended
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸ their
¤¸¾“ˆÊÅ tenure
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 04 04 Shri Hemant 01.04.2020 to 04 04
31.03.2021 Tamta 31.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 03 03 Shri Nageswara 01.04.2021 to 03 03
21.01.2021 Rao Y. 21.01.2021
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£* 10.03.2021 ¬¸½ 00 00 Shri A.B. 10.03.2021 to 00 00
31.03.2021 Vijayakumar* 31.03.2021
ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ 01.04.2020 ¬¸½ 04 04 Mrs. Vandita 01.04.2020 to 04 04
31.03.2021 Kaul 31.03.2021

* ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ‚¸Ÿ¸¿¢°¸÷¸ ¬¸™¬¡¸ ˆ½Å ³Åœ¸ Ÿ¸Ê „œ¸¦¬˜¸÷¸ £í½— * Shri A.B. Vijayakumar attends the meeting as invitee member.
The composition of the Committee as on 31st March, 2021 is as
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ under:
i. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ‚š¡¸®¸ i. Shri Hemant Tamta Chairman
ii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸ ii. Shri A.B. Vijayakumar Member
iii. ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ ¬¸™¬¡¸ iii. Mrs. Vandita Kaul Member

51
 Annual Report 2020-21

5.14 ƒ£¸™÷¸›¸ \¸»ˆÅˆÅ÷¸¸Ä‚¸Ê ˆÅú œ¸í\¸¸›¸ í½÷¸º ¬¸¢Ÿ¸¢÷¸ À 5.14 Committee for identification of Willful defaulters:
This Committee is constituted as per RBI guidelines to identify
¡¸í ¬¸¢Ÿ¸¢÷¸ ¤¸ÿˆÅ ˆ½Å ƒ£¸™÷¸›¸ \¸»ˆÅˆÅ÷¸¸Ä‚¸Ê ˆÅú œ¸í\¸¸›¸ í½÷¸º ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ the willful defaulters of the Bank.
ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸›¸º¬¸¸£ Š¸¢“÷¸ ˆÅú Š¸ƒÄ í¾—
The Committee met 07 times during the year as under:
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¢›¸Ÿ›¸¸›¸º¬¸¸£ 07 ¤¸¾“ˆÅ íºƒÄÀ
15.06.2020 10.11.2020. 03.12.2020 14.12.2020 18.12.2020
15.06.2020 10.11.2020 03.12.2020 14.12.2020 18.12.2020 11.02.2021 05.03.2021
11.02.2021 05.03.2021 The details of attendance of the Directors at the aforesaid
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ Committee meetings are as under:
íÿÀ
Meetings
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å held
Name of the Meetings
Period during
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê Director Attended
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ their
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸ tenure
¤¸¾“ˆÊÅ Shri A.S. Rajeev 01.04.2020 to 07 07
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 07 07 31.03.2021
31.03.2021 Mrs. Vandita 29.06.2020 to 06 06
ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ 01.04.2020 ¬¸½ 06 06 Kaul 31.03.2021
31.03.2021 Shri R. 01.04.2020 to 07 07
ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 01.04.2020 ¬¸½ 07 07 Thamodharan 31.03.2021
31.03.2021 The composition of the Committee as on 31st March, 2021 is as
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ under:

i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸ i. Shri A.S. Rajeev Chairman

ii. ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ ¬¸™¬¡¸ ii. Mrs. Vandita Kaul Member
iii. Shri R. Thamodharan Member
iii. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ¬¸™¬¡¸
5.15 Committee for Performance Evaluation
5.15 ˆÅ¸¡¸Ä-¢›¸«œ¸¸™›¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ í½÷¸º ¬¸¢Ÿ¸¢÷¸ À
This Committee has been constituted as per Ministry of Finance
¡¸í ¬¸¢Ÿ¸¢÷¸ ¤¸ÿˆÅ ˆ½Å œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½, ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸ œÏµ¸¸¥¸ú ˆ½Å communication no. F. No. 9/5/2009-IR dated 30.08.2019 to
œÏž¸¸£ú ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ¸Ê (]¸¸½¢‰¸Ÿ¸, ‚›¸ºœ¸¸¥¸›¸ ‚¸¾£ ¥¸½‰¸¸œ¸£ú®¸¸) ÷¸˜¸¸ undertake the process of Performance Evaluation of Managing
‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸ œÏµ¸¸¥¸ú ˆ½Å œÏž¸¸£ú Ÿ¸í¸œÏ¤¸¿š¸ˆÅŠ¸µ¸ (]¸¸½¢‰¸Ÿ¸, ‚›¸ºœ¸¸¥¸›¸ Director & CEO, Executive Directors in charge of Internal
‚¸¾£ ¥¸½‰¸¸œ¸£ú®¸¸) ˆ½Å ˆÅ¸¡¸Ä-¢›¸«œ¸¸™›¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ í½÷¸º ¢¨¸î¸ Ÿ¸¿°¸¸¥¸¡¸ ˆ½Å ¢™›¸¸¿ˆÅ Control Functions (Risk, Compliance and Audit) and General
Managers in charge of Internal Control Functions (Risk,
30.08.2019 ˆ½Å ¬¸ŸœÏ½«¸µ¸ ÇÅ.‡ûÅ.ÇÅ. 9/5/2009-‚¸ƒÄ‚¸£ ˆ½Å ‚›¸º¬¸¸£
Compliance and Audit) of the Bank.
Š¸¢“÷¸ ˆÅú Š¸ƒÄ—
The Committee met 02 times during the year as under:
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¢›¸Ÿ›¸¸›¸º¬¸¸£ 02 ¤¸¾“ˆÊÅ íºƒô À
15.06.2020 25.08.2020
15.06.2020 25.08.2020
The details of attendance of the Directors at the aforesaid
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÄÆ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£
Committee meetings are as under:
íÿÀ
Meetings
¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å held
Name of the Meetings
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê Period during
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ Director Attended
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸ their
tenure
¤¸¾“ˆÊÅ
Shri R. 01.04.2020 to 02 02
ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 01.04.2020 ¬¸½ 02 02
Thamodharan 31.03.2021
31.03.2021
Mrs. Vandita 01.04.2020 to 02 02
ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ 01.04.2020 ¬¸½ 02 02 Kaul 31.03.2021
31.03.2021
Shri M.K. Verma 01.04.2020 to 02 02
ªú ‡Ÿ¸. ˆ½Å. ¨¸Ÿ¸¸Ä 01.04.2020 ¬¸½ 02 02 31.03.2021
31.03.2021
The composition of the Committee as on 31st March, 2021 is
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ as under:
i. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ‚š¡¸®¸ i. Shri R. Thamodharn Chairman
ii. ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ ¬¸™¬¡¸ ii. Mrs. Vandita Kaul Member
iii. ªú ‡Ÿ¸. ˆ½Å. ¨¸Ÿ¸¸Ä ¬¸™¬¡¸ iii. Shri M.K. Verma Member

52
Jeeef<e&keÀ efjHeesì& 2020-21

5.16 ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¢›¸Š¸ÄŸ¸ ¬¸¢Ÿ¸¢÷¸ À 5.16 Issue Committee of the Board:
This Committee is constituted to look after the matters related
¡¸í ¬¸¢Ÿ¸¢÷¸ ©¸½¡¸£¸Ê ˆ½Å ¢›¸Š¸ÄŸ¸ ‚¸¾£ ‚¸¤¸¿’›¸ ˆÅ£›¸½ ¬¸¿¤¸¿š¸ú Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅú ¢›¸Š¸£¸›¸ú to issue and allotment of shares:
ˆÅ£›¸½ í½÷¸º Š¸¢“÷¸ ˆÅú Š¸ƒÄ—
The Committee met 01 times during the year as under:
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¢›¸Ÿ›¸¸›¸º¬¸¸£ 01 ¤¸¾“ˆÅ íºƒÄ À
25.08.2020
25.08.2020 The details of attendance of the Directors at the aforesaid
¬¸¢Ÿ¸¢÷¸ ˆÅú „œ¸¡¸ºÆÄ ÷¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú „œ¸¦¬˜¸¢÷¸ ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ Committee meetings are as under:

¬¸¢Ÿ¸¢÷¸ Ÿ¸Ê „›¸ˆ½Å Meetings

held
ˆÅ¸¡¸ÄˆÅ¸¥¸ ˆ½Å ¤¸¾“ˆÅ¸Ê Ÿ¸Ê Name of the
Period during
Meetings
¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ‚¨¸¢š¸ Director Attended
™¸¾£¸›¸ ¬¸¿œ¸››¸ „œ¸¦¬˜¸¢÷¸ their
¤¸¾“ˆÊÅ tenure
ªú ‡. ‡¬¸. £¸]¸ú¨¸ 01.04.2020 ¬¸½ 01 01 Shri A.S. Rajeev 01.04.2020 to 01 01
31.03.2021 31.03.2021
ªú í½Ÿ¸›÷¸ ’Ÿ’¸ 01.04.2020 ¬¸½ 01 01 Shri Hemant 01.04.2020 to 01 01
31.03.2021 Tamta 31.03.2021
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. 01.04.2020 ¬¸½ 01 01 Shri Nageswara 01.04.2020 to 01 01
21.01.2021 Rao Y. 21.01.2021
ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 10.03.2021 ¬¸½ 00 00 Shri A.B. 10.03.2021 to 00 00
Vijayakumar 31.03.2021
31.03.2021
The composition of the Committee as on 31st March, 2021 is as
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ under:
i. ªú ‡. ‡¬¸. £¸]¸ú¨¸ ‚š¡¸®¸ i. Shri A. S. Rajeev Chairman
ii. ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ¬¸™¬¡¸ ii. Shri Hemant Tamta Member
iii. ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¬¸™¬¡¸ iii. Shri A.B. Vijayakumar Member

5.17 Committee of Board as Appellate and Reviewing Authority:

5.17 ‚œ¸ú¥¸ú¡¸ ‚¸¾£ œ¸º›¸£ú®¸µ¸ œÏ¸¢š¸ˆÅ¸£ú ˆ½Å ³Åœ¸ Ÿ¸Ê ¤¸¸½”Ä ˆÅú ¬¸¢Ÿ¸¢÷¸À
¡¸í ¬¸¢Ÿ¸¢÷¸ ¬¸÷¸ˆÄÅ÷¸¸, Š¸¾£-¬¸÷¸ˆÄÅ÷¸¸ ‚›¸º©¸¸¬¸¢›¸ˆÅ Ÿ¸¸Ÿ¸¥¸¸Ê ‚¸¾£ ¢¨¸ž¸¸Š¸ú¡¸ ]¸¸¿\¸¸Ê
ˆÅú œ¸º›¸£ú®¸¸ ¢¨¸î¸ Ÿ¸¿°¸¸¥¸¡¸ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ˆÅ£÷¸ú í¾—
¡¸Ô¸¢œ¸, ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ˆÅ¸½ƒÄ ¤¸¾“ˆÅ ›¸íú¿ íºƒÄ—
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ
i. ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ ‚š¡¸®¸
ii. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ¬¸™¬¡¸
5.18 ›¸¸Ÿ¸¸¿ˆÅ›¸ ‚¸¾£ œ¸¸¢£ª¢Ÿ¸ˆÅ ¬¸¢Ÿ¸¢÷¸À
¡¸í ¬¸¢Ÿ¸¢÷¸ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™›¸¸¿ˆÅ 02.08.2019 ˆ½Å Ÿ¸¸¬’£ œ¸¢£œ¸°¸
‚¸¾£ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ Š¸¢“÷¸ ˆÅú Š¸ƒÄ í¾— ¡¸í ¬¸¢Ÿ¸¢÷¸
¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸›¸ú]¸ („œ¸ÇÅŸ¸¸Ê ˆÅ¸ ‚¢š¸ŠÏíµ¸ ‚¸¾£ ‚¿÷¸£µ¸) ‚¢š¸¢›¸¡¸Ÿ¸, 1970 ˆÅú
š¸¸£¸ 9(3)(i) ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸™½©¸ˆÅ¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ¢›¸¨¸¸Ä¢\¸÷¸ í¸½›¸½ ¨¸¸¥¸½ ¨¡¸¢Æ÷¸¡¸¸Ê ˆÅú
`„œ¸¡¸ºÆ÷¸ ‚¸¾£ „¢\¸÷¸' ¦¬˜¸¢÷¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¬¸Ÿ¸º¢\¸÷¸ œÏ¢ÇÅ¡¸¸ ˆÅ£÷¸ú
í¾— ¡¸Ô¸¢œ¸, ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ˆÅ¸½ƒÄ ¤¸¾“ˆÅ ›¸íú¿ íºƒÄ—
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¬¸¿£\¸›¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £íúÀ
i. ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ‚š¡¸®¸
›¸¸½’ À ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅú ‚¸½£ ¬¸½ ¢£Æ÷¸ œ¸™¸Ê œ¸£ ¢›¸™½©¸ˆÅ¸Ê ˆÅú ¢›¸¡¸º¢Æ÷¸ í¸½›¸½ œ¸£
¤¸¸½”Ä ƒ¬¸ ¬¸¢Ÿ¸¢÷¸ ˆ½Å ¬¸™¬¡¸¸Ê ˆÅ¸½ ›¸¸¢Ÿ¸÷¸ ˆÅ£½Š¸¸—
6. ‚›¡¸ ¬¸¢Ÿ¸¢÷¸¡¸¸¿À
¢¨¸¢ž¸››¸ ¢¨¸¢©¸«’ ®¸½°¸¸Ê ˆÅú ˆÅ¸¡¸ÄœÏµ¸¸¥¸ú ˆÅú ¬¸Ÿ¸ú®¸¸ ‚¸¾£ œ¸¢£\¸¸¥¸›¸Š¸÷¸
Ÿ¸¸Š¸Ä™©¸Ä›¸/Ÿ¸¿]¸»¢£¡¸¸Ê í½÷¸º ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ¸Ê ˆÅú ˆºÅŽ ‚›¡¸ ¬¸¢Ÿ¸¢÷¸¡¸¸¿ ]¸¾¬¸½ ‚¸¦¬÷¸
™½¡¸÷¸¸ œÏ¤¸¿š¸›¸ ¬¸¢Ÿ¸¢÷¸ (‡¥ˆÅ¸½), œ¸¢£¬¸£ ¬¸¢Ÿ¸¢÷¸, „\\¸ ‚¢š¸ˆÅ¸£ œÏ¸œ÷¸ ¬¸»\¸›¸¸
œÏ¸¾Ô¸¸½¢Š¸ˆÅú ¬¸¢Ÿ¸¢÷¸, œÏµ¸¸¥¸ú ‡¨¸¿ ¢ÇÅ¡¸¸¢¨¸¢š¸ ¬¸¢Ÿ¸¢÷¸, ¢›¸¨¸½©¸ ¬¸¢Ÿ¸¢÷¸, ©¸ú«¸Ä œÏ¤¸¿š¸›¸
¬¸¢Ÿ¸¢÷¸, „\\¸ ¬÷¸£ú¡¸ †µ¸ ¬¸¢Ÿ¸¢÷¸ ÷¸˜¸¸ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ¸Ê ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸
ƒ÷¡¸¸¢™ ¬¸¢Ÿ¸¢÷¸¡¸¸¿ ž¸ú íÿ—
This Committee deals with review of vigilance, non-vigilance
disciplinary cases and departmental enquiries in line with MOF
guidelines.
However, no meeting of this Committee was held during the
financial year 2020-21.
The composition of the Committee as on 31st March, 2021 is as
under:
i. Mrs. Vandita Kaul Chairman
ii. Shri R. Thamodharan Member
5.18 Nomination & Remuneration Committee:
This Committee is constituted as per RBI Master Circular dated
02.08.2019 and Government of India guidelines, Bank had
constituted. This Committee undertakes the process of due
diligence to determine the ‘fit and proper’ status of the persons
to be elected as Directors under Section 9(3)(i) of the Banking
Companies (Acquisition and Transfer of Undertakings) Act,
1970. However, no meeting of this Committee was held during
the financial year 2020-21.
The composition of the Committee as on 31st March, 2021 is as
under:
i. Shri R. Thamodharan Chairman
Note: Board will nominate Directors as members of this
Committee upon appointment of Directors against the vacant
posts by Government of India.
6. Other Committees:
There are also other Committees of executives viz., Asset
Liability Management Committee (ALCO), Premises
Committee, High Power IT Committee, System & Procedure
Committee, Investment Committee, Top Management
Committee, High Level Credit Committee and Audit Committee
of Executives for reviewing functioning in various specific
areas and giving operational directions/sanctions.

53
 Annual Report 2020-21

7. ¢›¸™½©¸ˆÅ¸Ê ˆÅ¸ œ¸¸¢£ª¢Ÿ¸ˆÅ À 7. Remuneration of Directors:

¤¸ÿˆÅ ˆÅ¸ ‚¢ž¸©¸¸¬¸›¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸ 1949, ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸›¸ú]¸
(„œ¸ÇÅŸ¸¸Ê ˆÅ¸ ‚¢š¸ŠÏíµ¸ ‚¸¾£ ‚¿÷¸£µ¸) ‚¢š¸¢›¸¡¸Ÿ¸, 1970 ‚¸¾£ £¸«’ïú¡¸ˆ¼Å÷¸
¤¸ÿˆÅ (œÏ¤¸¿š¸›¸ ‚¸¾£ ¢¨¸¢¨¸š¸ œÏ¸¨¸š¸¸›¸) ¡¸¸½]¸›¸¸, 1970 ˆ½Å ‚š¸ú›¸ í¸½÷¸¸ í¾— ¤¸ÿˆÅ
Š¸¾£-ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ¸Ê ˆÅ¸½ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ׸£¸ ¢›¸š¸¸Ä¢£÷¸ ¢¬¸¢’¿Š¸ ûÅú¬¸
‚¸¾£ ¨¸¸¬÷¸¢¨¸ˆÅ ¡¸¸°¸¸ ‰¸\¸Ä ˆÅ¸½ Ž¸½”õˆÅ£ ¢ˆÅ¬¸ú œÏˆÅ¸£ ˆÅ¸ œ¸¸¢£ª¢Ÿ¸ˆÅ ›¸íú¿ ™½÷¸¸
í¾—
ž¸¸£÷¸ ¬¸£ˆÅ¸£ ׸£¸ ¢¨¸¢›¸¢™Ä«’ ¢›¸¡¸Ÿ¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ‚š¡¸®¸ ¨¸ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ/
‡Ÿ¸”ú ‡¨¸¿ ¬¸úƒÄ‚¸½ ‚¸¾£ ™¸½ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ¸Ê (3 œ¸»µ¸ÄˆÅ¸¢¥¸ˆÅ ¢›¸™½©¸ˆÅ¸Ê) ˆÅ¸½
¨¸½÷¸›¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ œ¸¸¢£ª¢Ÿ¸ˆÅ ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
The Bank is governed by the Banking Regulations Act,
1949, Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970 and Nationalized Banks (Management
& Miscellaneous Provisions) Scheme, 1970. The Bank does
not pay any remuneration to the Non-Executive Directors apart
from sitting fees as fixed by the Government of India and travel
expenses, on actual basis.
The Chairman and Managing Director/ MD & CEO and two
Executive Directors (3 Whole Time Directors) are being paid
remuneration by way of salary as per rules framed by the Govt.
of India.

ˆÅ) ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ‚š¡¸®¸ ¨¸ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ/ ‡Ÿ¸”ú ‡¨¸¿ ¬¸úƒÄ‚¸½ ‚¸¾£ A) The details of salaries paid to MD & CEO and Executive
Directors during the year 2020-21 are as under:
ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ¸Ê ˆÅ¸½ ‚™¸ ¢ˆÅ‡ Š¸‡ ¨¸½÷¸›¸ ˆÅ¸ ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾ -
Sr. Amount
Name Designation
ÇÅŸ¸¸¿ˆÅ ›¸¸Ÿ¸ œ¸™›¸¸Ÿ¸ £¸¢©¸ No. (in `)
(` Ÿ¸Ê) 1 Shri A.S. Rajeev Managing 30,37,308.30
Director & CEO
1 ªú ‡. ‡¬¸. £¸]¸ú¨¸ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½ 30,37,308.30
2 Shri Hemant Tamta Executive 26,14,634.10
2 ªú í½Ÿ¸›÷¸ ’Ÿ’¸ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ 26,14,634.10 Director
3 Shri Nageswara Executive 23,00,067.90
3 ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ. ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ* 23,00,067.90
Rao Y. Director*
4 ªú ‡. ¤¸ú. ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ 1,96,989.47 4 Shri A.B. Executive 1,96,989.47
¢¨¸]¸¡¸ˆºÅŸ¸¸£ Vijayakumar Director

* ¤¸ÿˆÅ Ÿ¸½¿ ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸½¿ ˆÅ¸¡¸ÄˆÅ¸¥¸ 21.01.2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ íº‚¸— *ceased to be Director of Bank on 21.01.2021.

‰¸) ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¢›¸™½©¸ˆÅ¸Ê ˆÅ¸½ ˆÅ¸¡¸Ä¢›¸«œ¸¸™›¸ ¬¸½ ]¸º”õú œÏ¸½÷¬¸¸í›¸ £¸¢©¸
ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸—
Š¸) ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ‚¸¾£ ¤¸ÿˆÅ ˆ½Å œ¸»µ¸ÄˆÅ¸¢¥¸ˆÅ
¢›¸™½©¸ˆÅ¸Ê ˆÅ¸½ ˆÅ¸½ƒÄ ¬’¸ÁˆÅ ¢¨¸ˆÅ¥œ¸ ˆÅ¸ œÏ¬÷¸¸¨¸ ›¸íú¿ ¢™¡¸¸ Š¸¡¸¸—
‹¸) ¬¸ú¢’¿Š¸ ©¸º¥ˆÅÀ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆ½Å ¢™›¸¸¿ˆÅ 18 ]¸›¸¨¸£ú, 2019 ˆ½Å œ¸¢£œ¸°¸ ˆ½Å
‚›¸º¬¸¸£ ¤¸¸½”Ä ‚¸¾£ ƒ¬¸ˆÅú „œ¸¬¸¢Ÿ¸¢÷¸¡¸¸Ê ˆÅú ¤¸¾“ˆÅ Ÿ¸Ê ¬¸íž¸¸Š¸ í½÷¸º ¬¸ú¢’¿Š¸ ©¸º¥ˆÅ
ˆÅ¸½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ¬¸¿©¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
ˆÅ. ¤¸¸½”Ä ¤¸¾“ˆÅ À ` 40,000/- œÏ¢÷¸ ¤¸¾“ˆÅ
‰¸. ¬¸¢Ÿ¸¢÷¸ ¤¸¾“ˆÅ À ` 20,000/- œÏ¢÷¸ ¤¸¾“ˆÅ
Š¸. ¤¸¸½”Ä ˆÅú ¤¸¾“ˆÅ ˆÅú ‚š¡¸®¸÷¸¸À (ˆÅ) ˆ½Å ‚¢÷¸¢£Æ÷¸ ` 10,000/- œÏ¢÷¸ ¤¸¾“ˆÅ
‹¸. ¬¸¢Ÿ¸¢÷¸ ˆÅú ¤¸¾“ˆÅ ˆÅú ‚š¡¸®¸÷¸¸ À (‰¸) ˆ½Å ‚¢÷¸¢£Æ÷¸ ` 5,000/-
œÏ¢÷¸ ¤¸¾“ˆÅ
¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ Š¸¾£-ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ¸Ê ˆÅ¸½ œÏ™î¸ ˆºÅ¥¸ ¢¬¸¢’¿Š¸
ûÅú¬¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À (œ¸»µ¸ÄˆÅ¸¢¥¸ˆÅ ¢›¸™½©¸ˆÅ¸Ê ÷¸˜¸¸ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆ½Å œÏ¢÷¸¢›¸¢š¸
¢›¸™½©¸ˆÅ ‚¸¾£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆÅ¸ œÏ¢÷¸¢›¸¢š¸÷¨¸ ˆÅ£›¸½ ¨¸¸¥¸½ ‚¸¢š¸ˆÅ¸¢£ˆÅ
¢›¸™½©¸ˆÅ ˆÅ¸½ ˆÅ¸½ƒÄ ¬¸ú¢’¿Š¸ ©¸º¥ˆÅ ™½¡¸ ›¸íú¿ í¾)—
B) No Performance linked Incentive was paid to the Directors
during the Financial Year 2020-21:
C) No stock option was offered to Bank’s Employees and Whole
Time Directors of Bank during the FY 2020-21.
D) Sitting fees: Government of India vide its communication
dated 18th January, 2019 has revised sitting fees for attending
meetings of Board and its sub-committees as under:
a. Board meeting: ` 40,000/- per meeting
b. Committee meeting: ` 20,000/- per meeting
c. Chairing Board meeting: `10,000/- per meeting in
addition to (a).
d. Chairing Committee meeting: ` 5,000/- per meeting in
addition to (b).
The total Sitting Fees paid to the Non-Executive Directors
during the year 2020-21 is as under: (No sitting fee is payable
to Whole Time Directors and Director representing Government
of India and official Director representing Reserve Bank of
India).

‚›¸º. ÇÅ ¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ œÏ™î¸ £¸¢©¸ (`) Sr.

Name of the Director Amount Paid (`)
No.
01 ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 15,00,000.00
01 Shri R. Thamodharan 15,00,000.00
02 ªú ‡Ÿ¸. ˆ½Å. ¨¸Ÿ¸¸Ä 11,80,000.00 02 Shri M.K. Verma 11,80,000.00
ˆºÅ¥¸ 26,80,000.00 Total 26,80,000.00
ƒ¬¸ˆ½Å ‚¥¸¸¨¸¸, ¢™›¸¸¿ˆÅ 22.09.2020, 29.12.2020 ‚¸¾£ 20.03.2021 Besides this, sitting fees of Rs.60,000/- & ` 40,000/- was
ˆÅ¸½ Ÿ¸¸›¸¨¸ ¬¸¿¬¸¸š¸›¸ œ¸£ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¬’ú¡¸¢£¿Š¸ ¬¸¢Ÿ¸¢÷¸ ˆÅú ¤¸¾“ˆÅ Ÿ¸Ê paid to External experts i.e. Mrs.S.A. Panse and Mrs. Gitika
¬¸íž¸¸¢Š¸÷¸¸ í½÷¸º ¤¸¸à¸ ¢¨¸©¸½«¸±¸ ªúŸ¸÷¸ú ‡¬¸. ‡. œ¸¸›¸¬¸½ ‚¸¾£ ªúŸ¸÷¸ú Š¸ú¢÷¸ˆÅ¸ Kapoor for attending the meeting of Steering Committee of the
ˆÅœ¸»£ ˆÅ¸½ ÇÅŸ¸©¸À ` 60,000/- ‚¸¾£ ` 40,000/- ¬¸ú¢’¿Š¸ ©¸º¥ˆÅ ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ Board on HR held on 22.09.2020, 29.12.2020 and 20.03.2021
¢ˆÅ¡¸¸ Š¸¡¸¸— respectively.

54
Jeeef<e&keÀ efjHeesì& 2020-21

8. ¬¸¨¸Ä¬¸¸š¸¸£µ¸ ¤¸¾“ˆÊÅÀ 8. General Body Meetings:

8.1 Details of General Body Meetings of shareholders held during
8.1 ¢œ¸Ž¥¸½ ÷¸ú›¸ ¢¨¸î¸ú¡¸ ¨¸«¸¸½ô ˆ½Å ™¸¾£¸›¸ ‚¸¡¸¸½¢]¸÷¸ ¤¸ÿˆÅ ˆ½Å ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅú the last three financial years are given below:
¬¸¨¸Ä¬¸¸š¸¸£µ¸ ¤¸¾“ˆÅ¸Ê ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ
Date &
Particulars Venue Resolutions passed
¢™›¸¸¿ˆÅ ¨¸ Time
œÏˆÅ¸£ ¬˜¸¸›¸ œ¸¸¢£÷¸ ¬¸¿ˆÅ¥œ¸
¬¸Ÿ¸¡¸ Fifteenth At 10.30 Appasaheb Joag i) Adoption of Audited
Annual a.m. on 21st Hall, Bank of Annual accounts of
œ¸¿Íí¨¸ú¿ 21 ]¸»›¸, ‚œœ¸¸ ¬¸¸í½¤¸ ]¸¸½Š¸ i) ¨¸«¸Ä 2017-18 ˆ½Å ¢¥¸‡ General June, 2018 Maharashtra, Bank for the year
¨¸¸¢«¸ÄˆÅ 2018 ˆÅ¸½ í¸Á¥¸, ¥¸½‰¸¸ œ¸£ú¢®¸÷¸ ¨¸¸¢«¸ÄˆÅ Meeting Lokmangal, 2017-18.
¬¸¸š¸¸£µ¸ œÏ¸÷¸À 10.30 ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï, ¥¸½‰¸¸Ê ˆÅ¸½ ‚œ¸›¸¸›¸¸— 1501, ii) To raise capital
¤¸¾“ˆÅ ¤¸]¸½ ¥¸¸½ˆÅŸ¸¿Š¸¥¸, ii) ‡ûÅœ¸ú‚¸½/ £¸ƒÄ’à ƒ©¡¸» Shivajinagar, through FPO/
1501,¢©¸¨¸¸]¸ú /Æ¡¸» ‚ ¸ƒÄ œ ¸ú/‚¢š¸Ÿ¸¸›¸ú Pune - 411 005. Right issue/ QIP/
›¸Š¸£ œ¸ºµ¸½ - ƒ©¡¸» ‚¸¢™ ׸£¸ œ¸»¿]¸ú Preferential issue etc.,
(Special Resolution).
411005 „Š¸¸í›¸¸ (¢¨¸©¸½«¸
¬¸¿ˆÅ¥œ¸) iii) Set off the
accumulated losses
iii) 31.03.2018 ÷¸ˆÅ of Bank as of
¤¸ÿˆÅ ˆ½Å ¬¸¿¢\¸÷¸ ‹¸¸’½ ˆÅ¸ 31.03.2018. (Special
¬¸Ÿ¸¿]¸›¸ ˆÅ£›¸¸ (¢¨¸©¸½«¸ Resolution).
¬¸¿ˆÅ¥œ¸)— iv) Election of one
iv) ‡ˆÅ ©¸½¡¸£š¸¸£ˆÅ ¢›¸™½©¸ˆÅ Shareholder Director.
ˆÅ¸ ¢›¸¨¸¸Ä\¸›¸— Extra At 10.30 Appasaheb Joag i) Issue of equity shares
‚¬¸¸š¸¸£µ¸ 25 Ÿ¸¸\¸Ä ‚œœ¸¸ ¬¸¸í½¤¸ ]¸¸½Š¸ i) ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅ¸½ Ordinary a.m. on Hall, Bank of to Government of
General 25th March, Maharashtra, India on preferential
¬¸¸Ÿ¸¸›¡¸ 2019 ˆÅ¸½ í¸Á¥¸, ‚¢š¸Ÿ¸¸›¸ú ‚¸š¸¸£ œ¸£ Meeting 2019 Lokmangal, 1501, basis (Special
¤¸¾“ˆÅ œÏ¸÷¸À 10.30 ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï, ƒÄ¦Æ¨¸’ú ©¸½¡¸£ ]¸¸£ú Shivajinagar, Resolution).
¤¸]¸½ ¥¸¸½ˆÅŸ¸¿Š¸¥¸, ˆÅ£›¸¸ (¢¨¸©¸½«¸ ¬¸¿ˆÅ¥œ¸) Pune - 411 005.
1501,¢©¸¨¸¸]¸ú
›¸Š¸£ œ¸ºµ¸½ - Sixteenth At 10.30 Appasaheb Joag i) Adoption of Audited
411005 Annual a.m. on 27th Hall, Bank of Annual accounts of
General June, 2019 Maharashtra, Bank for the year
¬¸¸½¥¸í¨¸ú¿ 27 ]¸»›¸, ‚œœ¸¸ ¬¸¸í½¤¸ ]¸¸½Š¸ i) ¨¸«¸Ä 2018-19 ˆ½Å ¢¥¸‡ Meeting Lokmangal, 2018-19.
¨¸¸¢«¸ÄˆÅ 2019 ˆÅ¸½ í¸Á¥¸, ¥¸½‰¸¸ œ¸£ú¢®¸÷¸ ¨¸¸¢«¸ÄˆÅ 1501, ii) To raise capital
Shivajinagar, through FPO/
¬¸¸š¸¸£µ¸ œÏ¸÷¸À 10.30 ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï, ¥¸½‰¸¸Ê ˆÅ¸½ ‚œ¸›¸¸›¸¸— Pune - 411 005. Right issue/ QIP/
¤¸¾“ˆÅ ¤¸]¸½ ¥¸¸½ˆÅŸ¸¿Š¸¥¸, ii) ‡ûÅœ¸ú‚¸½/ £¸ƒÄ’à ƒ©¡¸» Preferential issue etc.,
1501,¢©¸¨¸¸]¸ú /Æ¡¸» ‚ ¸ƒÄ œ ¸ú/‚¢š¸Ÿ¸¸›¸ú (Special Resolution).
›¸Š¸£ œ¸ºµ¸½ - ƒ©¡¸» ‚¸¢™ ׸£¸ œ¸»¿]¸ú iii) Set off the
411005 „Š¸¸í›¸¸ (¢¨¸©¸½«¸ accumulated losses
¬¸¿ˆÅ¥œ¸) of Bank as of
iii) 31.03.2019 ÷¸ˆÅ 31.03.2019. (Special
Resolution).
¤¸ÿˆÅ ˆ½Å ¬¸¿¢\¸÷¸ ‹¸¸’½ ˆÅ¸
¬¸Ÿ¸¿]¸›¸ ˆÅ£›¸¸ (¢¨¸©¸½«¸ Seventeen At 11.00 Head office of i) Adoption of Audited
¬¸¿ˆÅ¥œ¸)— Annual a.m. on 11th Bank located Annual accounts of
General August, at Pune. The Bank for the year
¬¸°¸í¨¸ú¿ 11 ‚Š¸¬÷¸, œ¸ºµ¸½ ¦¬˜¸÷¸ ¤¸ÿˆÅ ˆ½Å i) ¨¸«¸Ä 2019-20 ˆ½Å ¢¥¸‡ Meeting 2020 meeting was 2019-20.
¨¸¸¢«¸ÄˆÅ 2020 ˆÅ¸½ œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ Ÿ¸Ê ¥¸½‰¸¸ œ¸£ú¢®¸÷¸ ¨¸¸¢«¸ÄˆÅ conducted
ii) Issue of Equity shares
¬¸¸š¸¸£µ¸ œÏ¸÷¸À 11.00 ¥¸½‰¸¸Ê ˆÅ¸½ ‚œ¸›¸¸›¸¸— through VC/
OAVM of Rs.10/- each of the
¤¸¾“ˆÅ ¤¸]¸½ ii) ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅ¸½ Bank to Government
‚¢š¸Ÿ¸¸›¸ú ‚¸š¸¸£ œ¸£ of India on preferential
¤¸ÿˆÅ ˆ½Å œÏ÷¡¸½ˆÅ ³Å.10/- basis (Special
Resolution).
ˆ½Å ƒÄ¦Æ¨¸’ú ©¸½¡¸£ ]¸¸£ú
ˆÅ£›¸¸ (¢¨¸©¸½«¸ ¬¸¿ˆÅ¥œ¸) iii)
To raise capital
iii) ‡ûÅœ¸ú‚¸½/ £¸ƒÄ’à ƒ©¡¸» through FPO/
Right issue/ QIP/
/Æ¡¸» ‚ ¸ƒÄ œ ¸ú/‚¢š¸Ÿ¸¸›¸ú Preferential issue etc.,
ƒ©¡¸» ‚¸¢™ ׸£¸ œ¸»¿]¸ú (Special Resolution).
„Š¸¸í›¸¸ (¢¨¸©¸½«¸
iv) Set off the
¬¸¿ˆÅ¥œ¸) accumulated losses
iv) 31.03.2020 ÷¸ˆÅ of Bank as of
¤¸ÿˆÅ ˆ½Å ¬¸¿¢\¸÷¸ ‹¸¸’½ ˆÅ¸ 31.03.2020. (Special
¬¸Ÿ¸¿]¸›¸ ˆÅ£›¸¸ (¢¨¸©¸½«¸ Resolution).
¬¸¿ˆÅ¥œ¸)—
8.2 The Ministry of Finance, Government of India sends their
8.2 ¢¨¸î¸ Ÿ¸¿°¸¸¥¸¡¸, ž¸¸£÷¸ ¬¸£ˆÅ¸£ ׸£¸ ¬¸Ÿ¸¡¸-¬¸Ÿ¸¡¸ œ¸£ ‚œ¸›¸¸ œÏ¸¢š¸ˆ¼Å÷¸ œÏ¢÷¸¢›¸¢š¸ authorized representative to attend the General Meetings of
¤¸ÿˆÅ ˆÅú ¬¸¸š¸¸£µ¸ ¤¸¾“ˆÅ¸Ê Ÿ¸Ê ž¸¸Š¸ ¥¸½›¸½ ˆ½Å ¢¥¸‡ ž¸½]¸¸ ]¸¸÷¸¸ í¾— the Bank from time to time.

55
 Annual Report 2020-21

9.0 œ¸¸½¬’¥¸ ¤¸¾¥¸½’ À 9.0 Postal Ballot:

9.1 During the year under review, the Bank has initiated the
9.1 œ¸º›¸£ú®¸¸š¸ú›¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ˆ¿Åœ¸¢›¸¡¸¸¿ (œÏ¤¸¿š¸›¸ ¨¸ œÏ©¸¸¬¸›¸) ¢›¸¡¸Ÿ¸ 2014
ˆ½Å ¢›¸¡¸Ÿ¸ 22 ˆ½Å ¬¸¸˜¸ œ¸¢“÷¸ ˆ¿Åœ¸¢›¸¡¸¸¿ ‚¢š¸¢›¸¡¸Ÿ¸ 2013 ˆÅú š¸¸£¸ 110 ˆ½Å
œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ‚¢š¸Ÿ¸¸›¸ú ‚¸š¸¸£ œ¸£ ƒÄ¦Æ¨¸’ú ©¸½¡¸£ ]¸¸£ú
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ©¸½¡¸£š¸¸£ˆÅ¸½¿ ˆÅú Ÿ¸¿]¸»£ú œÏ¸œ÷¸ ˆÅ£›¸½ í½÷¸º ‚œÏ¾¥¸, 2020 Ÿ¸Ê œ¸¸½¬’¥¸
¤¸¾¥¸’ œÏ¢ÇÅ¡¸¸ ‚¸£¿ž¸ ˆÅú— ¢ˆÅ›÷¸º ¤¸¸™ Ÿ¸Ê œ¸¸½¬’¥¸ ¤¸¾¥¸’ ˆÅú œÏ¢ÇÅ¡¸¸ £¸½ˆÅ ™ú
Š¸ƒÄ ˜¸ú— ƒ¬¸ˆ½Å ‚¢÷¸¢£Æ÷¸, 11 ‚Š¸¬÷¸, 2020 ˆÅ¸½ ‚¸¡¸¸½¢]¸÷¸ 17 ¨¸ú¿ ¨¸¸¢«¸ÄˆÅ
¬¸¸š¸¸£µ¸ ¤¸¾“ˆÅ ˆ½Å „œ¸¡¸ºÄÆ÷¸ ˆÅ¸¡¸Ä¬¸»\¸ú í½÷¸º ¤¸ÿˆÅ ˆ½Å ©¸½¡¸£š¸¸£ˆÅ¸Ê ¬¸½ ‚›¸ºŸ¸¸½™›¸
¢¥¸¡¸¸ Š¸¡¸¸ ˜¸¸—
9.2 œÏ¬÷¸¸¢¨¸÷¸ œ¸¸½¬’¥¸ ¤¸¾¥¸’ ˆ½Å ¤¡¸¸¾£½ À
9.2 Details of Proposed Postal Ballots:
‚¸Š¸¸Ÿ¸ú ¨¸¸¢«¸ÄˆÅ ¬¸¸š¸¸£µ¸ ¤¸¾“ˆÅ ˆÅ¸½ ¡¸¸ „¬¸¬¸½ œ¸»¨¸Ä œ¸¸½¬’¥¸ ¤¸¾¥¸’ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½
ˆÅ¸½ƒÄ ¢¨¸©¸½«¸ ¬¸¿ˆÅ¥œ¸ ¢ˆÅ¡¸¸ ]¸¸›¸¸ œÏ¬÷¸¸¢¨¸÷¸ ›¸íú¿ í¾—
10. ¬¸¿œÏ½«¸µ¸ ˆ½Å ¬¸¸š¸›¸À
10. Means of Communication:
¤¸ÿˆÅ ˆ½Å ¢÷¸Ÿ¸¸íú, ‚š¸Ä-¨¸¸¢«¸ÄˆÅ ‚¸¾£ ¨¸¸¢«¸ÄˆÅ ¢¨¸î¸ú¡¸ œ¸¢£µ¸¸Ÿ¸¸Ê ˆÅ¸½ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸
׸£¸ ¢¨¸¢š¸¨¸÷¸ ‚›¸ºŸ¸¸½¢™÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾ ÷¸˜¸¸ ‚¿ŠÏ½]¸ú Ÿ¸Ê ˆÅŸ¸ ¬¸½ ˆÅŸ¸ ‡ˆÅ
£¸«’ïú¡¸ ™¾¢›¸ˆÅ ÷¸˜¸¸ Ÿ¸£¸“ú Ÿ¸Ê ‡ˆÅ ¬˜¸¸›¸ú¡¸ ™¾¢›¸ˆÅ Ÿ¸Ê œÏˆÅ¸¢©¸÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
„œ¸¡¸ºÄÆ÷¸ ¬¸¸¿¢¨¸¢š¸ˆÅ ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆ½Å ‚¥¸¸¨¸¸ ¤¸ÿˆÅ ׸£¸ ¢¨¸î¸ú¡¸ œ¸¢£µ¸¸Ÿ¸ ¢í›™ú
™¾¢›¸ˆÅ Ÿ¸Ê ž¸ú œÏˆÅ¸¢©¸÷¸ ¢ˆÅ‡ Š¸‡— œ¸¢£µ¸¸Ÿ¸¸Ê ˆÅ¸½ ¤¸ÿˆÅ ˆÅú ¨¸½¤¸¬¸¸ƒ’ www.
bankofmaharashtra.in œ¸£ ž¸ú ¬¸¸˜¸ íú ¬¸¸˜¸ „œ¸¥¸¤š¸ ˆÅ£¸¡¸¸ ]¸¸÷¸¸ í¾
‚¸¾£ ©¸½¡¸£ ¤¸¸]¸¸£ ˆÅ¸½ œÏ¬÷¸º÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ¤¸ÿˆÅ ˆ½Å ¢¨¸î¸ú¡¸ œ¸¢£µ¸¸Ÿ¸¸Ê ‚¸¾£
ž¸¸¨¸ú ¡¸¸½]¸›¸¸‚¸Ê ˆÅú ‹¸¸½«¸µ¸¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ¢¨¸©¥¸½«¸ˆÅ/ ¬¸¿¬˜¸¸Š¸÷¸ ¢›¸¨¸½©¸ˆÅ
¬¸ŸŸ¸½¥¸›¸, ˆÅ¸Á›üÊŬ¸/œÏ½¬¸ ¢¨¸±¸¦œ÷¸ ƒ÷¡¸¸¢™ ž¸ú ‚¸¡¸¸½¢]¸÷¸ ˆÅ£÷¸¸ í¾—
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ˆ½Å ¢÷¸Ÿ¸¸íú/ ‚š¸Ä-¨¸¸¢«¸ÄˆÅ/ ¨¸¸¢«¸ÄˆÅ œ¸¢£µ¸¸Ÿ¸¸Ê ˆÅ¸½ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸
¬¸Ÿ¸¸\¸¸£ œ¸°¸¸Ê Ÿ¸Ê œÏˆÅ¸¢©¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—
¬¸Ÿ¸¸\¸¸£ œ¸°¸ ˆÅ¸ ›¸¸Ÿ¸
ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ œÏˆÅ¸©¸›¸ ˆÅ¸
Ÿ¸£¸“ú
‚¨¸¢š¸ ‚¿ŠÏ½]¸ú ¬¸¿¬ˆÅ£µ¸ ¢™›¸¸¿ˆÅ
¬¸¿¬ˆÅ£µ¸
process for conduct of Postal ballot in April, 2020 for
seeking Shareholder's approved for issue of equity shares to
Government of India on preferential basis as per provisions of
Section 110 of the Companies Act, 2013 read with Rule 22 of
the Companies (Management and Administration) Rules, 2014.
However, the process of Postal ballot was withdrawn lateron.
Further, approval of shareholders of Bank was obtained for the
aforesaid agenda in 17th Annual General Meeting of Bank held
on 11th August, 2020.
No special resolution through Postal Ballot is proposed to be
conducted on or before the ensuing Annual General Meeting.
The quarterly, half yearly and annual financial results of the
Bank are duly approved by the Board and published in at least
one national Daily in English and one local daily in Marathi
as per the Listing Regulations. In addition to the statutory
requirement as above Bank has also published the results in
Hindi Daily. The results are simultaneously displayed on the
Bank’s website www.bankofmaharashtra.in and submitted
to the Stock Exchanges. Bank also organizes Analysts/
Institutional Investor meets, press conference/releases etc.,
for announcing Bank’s financial results and its future plans.
During the year, quarterly /half yearly /annual results of the
Bank were published in the following newspapers.
Name of the Newspaper
Date of
Period Ended Marathi
English Edition publication
Edition

]¸»›¸ 2020 ¢ûÅ›¸¸¿¢©¸¡¸¥¸ ‡Æ¬¸œÏ½¬¸ ¥¸¸½ˆÅ¬¸î¸¸ 24.07.2020 June 2020 Financial Express Loksatta 24.07.2020

¢¬¸÷¸¿¤¸£ 2020 ¢ûÅ›¸¸¿¢©¸¡¸¥¸ ‡Æ¬¸œÏ½¬¸ ¥¸¸½ˆÅ¬¸î¸¸ 20.10.2020 September 2020 Financial Express Loksatta 20.10.2020

¢™¬¸¿¤¸£ 2020 ¢ûÅ›¸¸¿¢©¸¡¸¥¸ ‡Æ¬¸œÏ½¬¸ ¥¸¸½ˆÅ¬¸î¸¸ 20.01.2021 December 2020 Financial Express Loksatta 20.01.2021

Ÿ¸¸\¸Ä 2021 ¢ûÅ›¸¸¿¢©¸¡¸¥¸ ‡Æ¬¸œÏ½¬¸ ¥¸¸½ˆÅ¬¸î¸¸ 30.04.2021 March 2021 Financial Express Loksatta 30.04.2021

¢›¸¨¸½©¸ˆÅ¸Ê ˆ½Å ¬¸¸˜¸ ¬¸¿œÏ½«¸µ¸ ˆ½Å \¸¾›¸¥¸ À Channels of Communication with the investors:
¬¸ž¸ú ‚¸¨¸¢š¸ˆÅ ‚›¸ºœ¸¸¥¸›¸ ûŸƒ¢¥¸¿Š¸ ]¸¾¬¸½ ¢ˆÅ ©¸½¡¸£š¸¸¢£÷¸¸ œ¸Ö¢÷¸, ˆÅ¸œ¸¸½Ä£½’ All periodical compliance Filings like Shareholding pattern,
Corporate Governance Report, Corporate announcements,
Š¸¨¸›¸½ô¬¸ ¢£œ¸¸½’Ä, ˆÅ¸œ¸¸½Ä£½’ ‹¸¸½«¸µ¸¸‡¿, Ÿ¸ú¢”¡¸¸, ¢¨¸±¸¦œ÷¸¡¸¸¿ ƒ÷¡¸¸¢™ ƒ¥¸½Æ’ï¸Á¢›¸ˆÅ ³Åœ¸
media releases etc., are filed electronically on the BSE
¬¸½ ¤¸ú‡¬¸ƒÄ ˆÅ¸œ¸¸½Ä£½’ ˆÅŸœ¸¥¸¸¡¸›¬¸ ‡¿” ¢¥¸¦¬’¿Š¸ ¬¸Ê’£ (™ ¢¥¸¦¬’¿Š¸ ¬¸Ê’£) ‚¸¾£ Corporate Compliance & Listing Centre (the ‘Listing Centre’)
‡›¸‡¬¸ƒÄ ƒ¥¸½Æ’ï¸Á¢›¸ˆÅ ‡¦œ¥¸ˆ½Å©¸›¸ œÏ¸½¬¸½¢¬¸¿Š¸ ¢¬¸¬’Ÿ¸ (‡›¸ƒÄ‡œ¸ú‡¬¸) œÏ\¸¸£ í½÷¸º and NSE Electronic Application Processing System (NEAPS)
™]¸Ä ¢ˆÅ‡ Š¸‡— for dissemination.

11. ¬¸¸Ÿ¸¸›¡¸ ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅ¸ ¤¡¸¸¾£¸À 11. General Shareholder Information:

11.1 ‚“¸£í¨¸ú¿ ¨¸¸¢«¸ÄˆÅ ¬¸¸š¸¸£µ¸ ¤¸¾“ˆÅ ˆ½Å ¢¨¸¨¸£µ¸À 11.1 Particulars of the Seventeenth Annual General Meeting:

¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 Financial Year 2020-2021

31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å 29 ‚œÏ¾¥¸, 2021 Board Meeting for considering 29th April, 2021
¢¥¸‡ ¨¸¸¢«¸ÄˆÅ ¥¸½‰¸¸œ¸£ú¢®¸÷¸ ‰¸¸÷¸¸Ê (‡ˆÅ¥¸ Annual Audited Accounts
(Standalone & Consolidated)
¨¸ ¬¸Ÿ¸½¢ˆÅ÷¸) œ¸£ ¢¨¸\¸¸£ ˆÅ£›¸½ í½÷¸º ¢›¸™½©¸ˆÅ for Financial year ended 31st
Ÿ¸¿”¥¸ ˆÅú ¤¸¾“ˆÅ March, 2021
‚“¸£í¨¸ú¿ ¨¸¸¢«¸ÄˆÅ ¬¸¸š¸¸£µ¸ ¤¸¾“ˆÅ ˆÅ¸ ¢¨¸¢”¡¸¸½ ˆÅ¸Á›ûţʬ¸ ¡¸¸ ‚›¡¸ Date, Time and Venue of On 24th June, 2021 at
¬˜¸¸›¸, ¢™›¸¸¿ˆÅ ‚¸¾£ ¬¸Ÿ¸¡¸ ‚¸Á ¢”¡¸¸½ ¢¨¸¢”¡¸¸½ Ÿ¸¸š¡¸Ÿ¸¸Ê ¬¸½ Seventeenth AGM. 11.00 a.m. (IST) through
¢™›¸¸¿ˆÅ 24 ]¸»›¸, 2021 ˆÅ¸½ Video conference or
œÏ¸÷¸À 11.00 ¤¸]¸½ (‚¸ƒÄ‡¬¸’ú) Other Audio Video Means
¨¸¸¢«¸ÄˆÅ ¢£œ¸¸½’Ä ˆÅ¸ œÏ½«¸µ¸ 02 ]¸»›¸, 2021 Posting of Annual Report 02nd June, 2021
¤¸¢í¡¸¸Ê ˆ½Å ¤¸¿™ í¸½›¸½ ˆÅ¸ ¢™›¸¸¿ˆÅ 18 ]¸»›¸, 2021 ¬¸½ 24 ]¸»›¸, Dates of Book Closure 18th June, 2021 to 24th
2021 June, 2021

56
Jeeef<e&keÀ efjHeesì& 2020-21

11.2 ¢¨¸î¸ú¡¸ ˆ¾Å¥¸Ê”£ 2021-22 (‚›¸¿¢÷¸Ÿ¸)À 11.2 Financial Calendar 2021-22 (Tentative):

Approval of
¢›¸Ÿ›¸ ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ‚¨¸¢š¸ Quarterly Results Tentative Time
ˆ½Å ¢¥¸‡ ¢÷¸Ÿ¸¸íú ¢¨¸î¸ú¡¸ ‚›¸¿¢÷¸Ÿ¸ ¬¸Ÿ¸¡¸ for period ending
œ¸¢£µ¸¸Ÿ¸¸Ê ˆÅ¸ ‚›¸ºŸ¸¸½™›¸
30th June 2021 On or Before 14th August 2021
30 ]¸»›¸, 2021 14 ‚Š¸¬÷¸ 2021 ˆÅ¸½ ¡¸¸ ƒ¬¸¬¸½ œ¸»¨¸Ä
30th September 2021 On or Before 14th November 2021
30 ¢¬¸÷¸¿¤¸£, 2021 14 ›¸¨¸¿¤¸£ 2021 ˆÅ¸½ ¡¸¸ ƒ¬¸¬¸½ œ¸»¨¸Ä
31st December 2021 On or Before 14th February 2022
31 ¢™¬¸¿¤¸£, 2021 14 ûÅ£¨¸£ú 2022 ˆÅ¸½ ¡¸¸ ƒ¬¸¬¸½ œ¸»¨¸Ä
31st March 2022 On or Before 18th May 2022
31 Ÿ¸¸\¸Ä, 2022 (¨¸¸¢«¸ÄˆÅ) 18 Ÿ¸ƒÄ 2022 ˆÅ¸½ ¡¸¸ ƒ¬¸¬¸½ œ¸»¨¸Ä (Annual)

11.3 ¬’¸ÁˆÅ ‡Æ¬¸\¸½]¸¸Ê œ¸£ ¬¸»\¸ú¤¸Ö ©¸½¡¸£¸Ê ˆ½Å ¤¡¸¸½£½À 11.3 Details of listing of shares on Stock Exchanges:
¤¸ÿˆÅ ˆ½Å ©¸½¡¸£ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ¬’¸ÁˆÅ ‡Æ¬¸\¸Ê]¸¸Ê œ¸£ ¬¸»\¸ú¤¸Ö ¢ˆÅ‡ Š¸‡ íÿÀ The Bank’s shares are listed on following Stock Exchanges:

¬’¸ÁˆÅ ‡Æ¬¸\¸Ê]¸ ˆÅ¸ ›¸¸Ÿ¸ ¦¬ÇÅœ¸ ˆÅ¸½” Name of Stock Exchange Scrip code

¤¸ú‡¬¸ƒÄ ¢¥¸¢Ÿ¸’½” (¤¸ú‡¬¸ƒÄ)À BSE Limited (BSE):

œ¸÷¸¸ À ¢ûÅ£¸½]¸ ]¸ú]¸úž¸¸¡¸ ’¸Á¨¸¬¸Ä, 25¨¸¸¿ ÷¸¥¸, 532525 Address: Phiroze Jeejeebhoy Towers, 532525
25th Floor, Dalal Street, Fort, Mumbai -
™¥¸¸¥¸ ¬’ïú’, ûŸ½’Ä, Ÿ¸º¿¤¸ƒÄ- 400001 400001
›¸¾©¸›¸¥¸ ¬’¸ÁˆÅ ‡Æ¬¸\¸Ê]¸ ƒ¿¢”¡¸¸ ¢¥¸¢Ÿ¸’½” National Stock Exchange of India
(‡›¸‡¬¸¬¸ú) Limited (NSE)
œ¸÷¸¸ À ‡Æ¬¸\¸Ê]¸ œ¥¸¸]¸¸, œ¥¸¸Á’ ÇÅ. ¬¸ú/1, ]¸ú MAHABANK EQ Address: Exchange Plaza, Plot No. C/1, MAHABANK EQ
¤¥¸¸ÁˆÅ, ¤¸¸¿Í¸ ˆºÅ¥¸¸Ä ˆÅ¸ÁŸœ¸¥¸½Æ¬¸, ¤¸¸¿Í¸ (œ¸»¨¸Ä), G Block, Bandra Kurla Complex, Bandra
Ÿ¸º¿¤¸ƒÄ – 400051 (E), Mumbai - 400051

ƒ¿’£›¸¾©¸›¸¥¸ ¢¬¸Æ¡¸º¢£’ú ‚¸ƒ”Ê¢’¢ûň½Å©¸›¸ International Security Identification

INE457A01014 Number (ISIN):
INE457A01014
›¸¿¤¸£ (ISIN)À

¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ ¨¸¸¢«¸ÄˆÅ ¢¥¸¦¬’¿Š¸ ©¸º¥ˆÅ ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ ¬’¸ÁˆÅ The annual listing fees for the financial year 2020-21 has been
‡Æ¬¸\¸Ê]¸¸Ê ˆÅ¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— paid to the Stock Exchanges.

11.4 Market Price data / price performance of Bank’s Shares:

11.4 ¤¸¸]¸¸£ Ÿ¸»¥¡¸ ”¸’¸ / ¤¸ÿˆÅ ˆ½Å ©¸½¡¸£¸Ê ˆÅ¸ Ÿ¸»¥¡¸ ¢›¸«œ¸¸™›¸À
(Market Price data in Rupees and Volume in number of
(¤¸¸]¸¸£ Ÿ¸»¥¡¸ ”¸’¸ ²Åœ¸‡ Ÿ¸Ê ÷¸˜¸¸ Ÿ¸¸°¸¸ ©¸½¡¸£¸Ê ˆÅú ¬¸¿‰¡¸¸ Ÿ¸Ê) Shares):
¤¸ú‡¬¸ƒÄ ‡›¸‡¬¸ƒÄ ¬¸Ê¬¸½Æ¬¸ ¢›¸É’ú BSE NSE SENSEX NIFTY
Ÿ¸¸í ¬¸Ÿ¸¸œ¸›¸ ¬¸Ÿ¸¸œ¸›¸ Month Closing Closing
„\\¸ ›¡¸»›¸ Ÿ¸¸°¸¸ „\\¸ ›¡¸»›¸ Ÿ¸¸°¸¸ Ÿ¸»¥¡¸ Ÿ¸»¥¡¸ High Low Volume High Low Volume
price price
‚œÏ¾¥¸, 10.99 8.66 875615 10.95 8.65 12556583 33718 9860 April, 2020 10.99 8.66 875615 10.95 8.65 12556583 33718 9860
2020
May, 2020 10.20 8.32 936730 9.45 8.35 8085807 32424 9580
Ÿ¸ƒÄ, 2020 10.20 8.32 936730 9.45 8.35 8085807 32424 9580
]¸»›¸, 11.90 8.60 11785458 11.95 8.65 93799101 34916 10302 June, 2020 11.90 8.60 11785458 11.95 8.65 93799101 34916 10302
2020 July, 2020 12.88 10.00 22111301 12.80 10.25 134614337 37607 11073
]¸º¥¸¸ƒÄ, 12.88 10.00 22111301 12.80 10.25 134614337 37607 11073
August, 15.34 11.73 15704803 15.35 11.70 114454467 38628 11388
2020 2020
‚Š¸¬÷¸, 15.34 11.73 15704803 15.35 11.70 114454467 38628 11388
2020 September, 13.75 10.55 5413536 13.75 10.55 34260581 38068 11248
2020
¢¬¸÷¸¿¤¸£, 13.75 10.55 5413536 13.75 10.55 34260581 38068 11248
2020 October, 12.56 10.75 2991777 12.60 10.80 23439665 39614 11642
2020
‚Æ÷¸»¤¸£, 12.56 10.75 2991777 12.60 10.80 23439665 39614 11642
2020 November, 12.51 10.99 3656614 12.50 11.00 33128984 44150 12969
2020
›¸¨¸¿¤¸£, 12.51 10.99 3656614 12.50 11.00 33128984 44150 12969
2020 December, 16.00 11.56 13293529 16.00 11.00 11489605 47751 13982
¢™¬¸¿¤¸£, 16.00 11.56 13293529 16.00 11.00 11489605 47751 13982 2020
2020 January, 16.45 13.10 18192038 16.45 13.05 142677449 46286 13635
]¸›¸¨¸£ú, 16.45 13.10 18192038 16.45 13.05 142677449 46286 13635 2021
2021 February, 27.73 13.20 61799662 27.60 14.60 402224929 49099 14529
ûÅ£¨¸£ú, 27.73 13.20 61799662 27.60 14.60 402224929 49099 14529 2021
2021
March, 25.20 18.05 30878997 25.30 18.10 212047068 49509 14691
Ÿ¸¸\¸Ä, 25.20 18.05 30878997 25.30 18.10 212047068 49509 14691 2021
2021

57
 Annual Report 2020-21

11.5 œÏ¢÷¸ ©¸½¡¸£ ”¸’¸ À 11.5 Per Share Data:

Particulars 31.03.2021 31.03.2020

¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
Face Value (`) 10/- 10/-
‚¿¢ˆÅ÷¸ Ÿ¸»¥¡¸ (²Å.) 10/- 10/-
EPS (`) 0.88 0.67
œÏ¢÷¸ ©¸½¡¸£ ‚¸¡¸ (²Å.) 0.88 0.67
Dividend (%) Nil Nil
¥¸¸ž¸¸¿©¸ (%) ©¸»›¡¸ ©¸»›¡¸
Book Value (`) 12.22 11.99
¤¸íú Ÿ¸»¥¡¸ (²Å.) 12.22 11.99
Dividend Payout (excluding Nil Nil
¢›¸¨¸¥¸ ¥¸¸ž¸ ˆ½Å % ˆ½Å ³Åœ¸ Ÿ¸Ê ¥¸¸ž¸¸¿©¸ ©¸»›¡¸ ©¸»›¡¸ dividend tax) as % of net
œ¸½-‚¸„’ (¥¸¸ž¸¸¿©¸ ˆÅ£ ˆÅ¸½ Ž¸½”õˆÅ£) profit

11.6 ¤¸ÿˆÅ ׸£¸ ¬¸Ÿ¸¡¸-¬¸Ÿ¸¡¸ ¢¨¸¢ž¸››¸ ¤¸¸Áµ” (’ú¡¸£ I ‚¸¾£ ’ú¡¸£ II œ¸»¿]¸ú) ÷¸˜¸¸ ƒ¿üŸ 11.6 The Bank has issued various bonds (Tier I and Il) and Infra
¤¸¸Áµ” ]¸¸£ú ¢ˆÅ‡ Š¸‡— 31.03.2021 ˆÅ¸½ ¤¸ˆÅ¸¡¸¸ ¤¸¸Áµ”ì¸ ‚¸¾£ „›¸ˆÅú ǽŢ”÷¸ bonds from time to time. The details of outstanding Bonds
along with their credit ratings as on 31.03.2021 are given as
£Ê¢’¿Š¸ ˆ½Å ¤¡¸¸¾£½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ À below:
‚¸¿¤¸’›¸/ ]¸¸£ú Ÿ¸»¥¸š¸›¸ ‚¨¸¢š¸ ˆ»Åœ¸›¸ Date of Principal Coupon
ÇÅ. ¤¸¸Á µ”ì¸ ˆ½Å
œÏˆÅ¸£ ‚¸ƒÄ‡¬¸‚¸ƒÄ‡›¸ ˆÅ£›¸½ ˆÅ¸ £¸¢©¸ (²Å. (Ÿ¸¸í ™£ % †µ¸ £½¢’¿Š¸ Sr. Type of
ISIN Allotment/ Amount
Tenor (in
Rate%
Credit
¢™›¸¸¿ˆÅ ˆÅ£¸½”õ Ÿ¸Ê) Ÿ¸Ê) (œÏ¢÷¸¨¸«¸Ä) No. Bonds Months) Ratings
Issue (` In cr) (p.a)
1 Š¸¸¾µ¸ ’ú¡¸£ 2 INE457A09199 31.12.2012 1000.00 120 9.00 CRISIL 1 Subordinate INE457A09199 31.12.2012 1000.00 120 9.00 CRISIL
A+ & Tier 2 A+ &
ICRA A+ ICRA A+
2 ¤¸½¬¸¥¸ III ’ú¡¸£ INE457A08035 27.06.2016 500.00 123 9.20 CARE 2 Basel III Tier INE457A08035 27.06.2016 500.00 123 9.20 CARE
2 ¤¸¸Áµ” A+ & 2 Bonds A+ &
ICRA A+ ICRA A+
3 ƒ¿üŸ ¤¸¸Áµ” INE457A09207 20.10.2014 1000.00 84 9.40 CARE 3 Infra Bond INE457A09207 20.10.2014 1000.00 84 9.40 CARE
A+ A+
ICRA A+ ICRA A+
4 ¤¸½¬¸¥¸ III ’ú¡¸£ INE457A08050 06.03.2020 600.00 120 8.70 CARE 4 Basel III Tier INE457A08050 06.03.2020 600.00 120 8.70 CARE
2 ¤¸¸Áµ” A+ & 2 Bonds A+ &
ICRA A+ ICRA A+
5 ¤¸½¬¸¥¸ III ’ú¡¸£ INE457A08068 14.12.2020 200.70 120 7.75 ACUITE 5 Basel III Tier INE457A08068 14.12.2020 200.70 120 7.75 ACUITE
2 ¤¸¸Áµ” AA 2 Bonds AA
BWR AA BWR AA
6 Basel III Tier INE457A08076 11.02.2021 205.00 120 8.00 ACUITE
6 ¤¸½¬¸¥¸ III ’ú¡¸£ INE457A08076 11.02.2021 205.00 120 8.00 ACUITE 2 Bonds AA
2 ¤¸¸Áµ” AA BWR AA
BWR AA
7 Basel III Tier INE457A08084 23.03.2021 100.00 120 8.00 ACUITE
7 ¤¸½¬¸¥¸ III ’ú¡¸£ INE457A08084 23.03.2021 100.00 120 8.00 ACUITE 2 Bonds AA
2 ¤¸¸Áµ” AA BWR AA
BWR AA
Total 3605.70
ˆºÅ¥¸ 3605.70

11.7 ©¸½¡¸£ ‚¿÷¸£µ¸ œÏµ¸¸¥¸ú ‚¸¾£ ¢›¸¨¸½©¸ˆÅ¸Ê ‡¨¸¿ ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅ¸½ ¬¸í¡¸¸½Š¸ À
¤¸ÿˆÅ ›¸½ ©¸½¡¸£¸Ê/ ¤¸¸Áµ”¸Ê ˆ½Å ‚¿÷¸£µ¸, ¥¸¸ž¸¸©¸¸Ê/ ¤¡¸¸]¸ ˆ½Å ž¸ºŠ¸÷¸¸›¸, ©¸½¡¸£š¸¸£ˆÅ¸Ê
ˆ½Å ‚›¸º£¸½š¸¸Ê ˆÅ¸½ ‚¢ž¸¥¸½¢‰¸÷¸ ˆÅ£›¸½, ©¸½¡¸£¸½/ ¤¸¸Áµ”¸Ê ]¸¸£ú ˆÅ£›¸½ ¬¸½ ¬¸¿¤¸Ö ‚›¡¸
Š¸¢÷¸¢¨¸¢š¸¡¸¸Ê ˆ½Å ¬¸¸˜¸ ¢›¸¨¸½©¸ˆÅ¸Ê ˆÅú ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆ½Å ¢›¸¨¸¸£µ¸ í½÷¸º ‡Ÿ¸¬¸ú‡¬¸ ©¸½¡¸£
’︿¬¸ûÅ£ ‡]¸Ê’ ¢¥¸¢Ÿ¸’½” ˆÅ¸½ ‚¢š¸™½©¸ ˆ½Å ¬¸¸˜¸ ‚œ¸›¸½ £¢]¸¬’︣ ‚¸¾£ ©¸½¡¸£
‚¿÷¸£µ¸ ‡]¸Ê’ (‚¸£’ú‡) ˆ½Å ³Åœ¸ Ÿ¸Ê ¢›¸¡¸ºÆ÷¸ ¢ˆÅ¡¸¸ í¾— ¢›¸¨¸½©¸ˆÅ ‚œ¸›¸½ ‚¿÷¸£µ¸
¢¨¸¥¸½‰¸/ ‚›¸º£¸½š¸/ ¢©¸ˆÅ¸¡¸÷¸Ê ‚¸£’ú‡ ˆ½Å ¬¸¸˜¸ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ œ¸÷¸½ œ¸£ ™]¸Ä ˆÅ£¸
¬¸ˆÅ÷¸½ íÿ À
11.7 Share Transfer System and assistance to the Investors
and Shareholders:
The Bank has appointed MCS Share Transfer Agent Limited as
its Registrars and Share Transfer Agent (RTA) with a mandate
to process transfer of shares / bonds, dividend / interest
payments, recording of shareholders’ requests, solution of
investors’ grievances amongst other activities connected with
the issue of shares / bonds. The investors may lodge their
transfer deeds / requests / complaints with the RTA at following
address.

£¢]¸¬’︣ ‡¨¸¿ ’︛¬ûÅ£ ‡]¸Ê’ À
‡Ÿ¸¬¸ú‡¬¸ ©¸½¡¸£ ’︿¬¸ûÅ£ ‡]¸Ê’ ¢¥¸¢Ÿ¸’½”,
(ƒˆÅ¸ƒÄ À ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï)
‚¸Á¢ûŬ¸ ÇÅ. 201, ”ú ¢¨¸¿Š¸, ™»¬¸£ú Ÿ¸¿¢]¸¥¸,
Š¸¸½ˆºÅ¥¸ ƒ¿”¦¬’¥¸ ƒ¬’½’ ¢¤¸¦¥”¿Š¸,
¬¸¸Š¸¤¸¸Š¸, Ÿ¸¸£¸½¥¸ ˆÅ¸½-‚¸Áœ¸£½¢’¨¸ ƒ¿”¦¬’¥¸
‡¢£¡¸¸, ¤¸ú/‡\¸ ’¸ƒŸ¸ ¬Æ¨¸½¡¸£, ‚¿š¸½£ú œ¸»¨¸Ä,
Ÿ¸º¿¤¸ƒÄ -400 059
¢›¸¨¸½©¸ˆÅ ¬¸½¨¸¸‡¿ ¢¨¸ž¸¸Š¸ À Registrar & Transfer Agent: Investor Services Department:
MCS Share Transfer Agent Bank of Maharashtra,
¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï Limited, Investor Services Department
¢›¸¨¸½©¸ˆÅ ¬¸½¨¸¸‡¿ ¢¨¸ž¸¸Š¸ (Unit: Bank of Maharashtra) Lokmangal, 1501, Shivajinagar
¥¸¸½ˆÅŸ¸¿Š¸¥¸, 1501, ¢©¸¨¸¸]¸ú›¸Š¸£ Office no.201, D Wing, 2nd Floor, Pune 411 005
œ¸ºµ¸½ - 411 005 Gokul Industrial Estate Building,
Sagbaug, Marol Co-op Industrial
Area, B/H Times Square, Andheri
East, Mumbai – 400 059

ûŸ½›¸À 022 28516020/21/22/23 ûŸ½›¸ À 020 25511360 Tel: 022 28516020/ 21/ 22/ 23 Tel: 020 25511360
Email: helpdeskmum@ Email: investor_services@
ƒÄ-Ÿ¸½¥¸ À helpdeskmum@mcsregistrars. ƒÄŸ¸½¥¸ À investor_services@ mcsregistrars.com subodh@ mahabank.co.in
com subodh@mcsregistrars.com mahabank.co.in mcsregistrars.com

58
Jeeef<e&keÀ efjHeesì& 2020-21
¢›¸]¸ú ÷¸¸¾£ œ¸£ £‰¸½ Š¸‡ ¤¸¸Áµ”¸Ê ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ›¸½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ¢”¤¸Ê\¸£ ’﬒ú ˆÅ¸½ For privately placed Bonds, the Bank has also appointed
Debenture Trustee as follows:
ž¸ú ¢›¸¡¸ºÆ÷¸ ¢ˆÅ¡¸¸ í¾À
Name of the Catalyst Trusteeship Limited (Formerly
¢”¤¸Ê\¸£ ’﬒ú ˆÅ¸ ˆ¾Å’½¢¥¸¬’ ’﬒ú¢©¸œ¸ ¢¥¸¢Ÿ¸’½” (œ¸í¥¸½ ]¸ú”ú‡ Debenture known as GDA Trusteeship Limited
›¸¸Ÿ¸ ’﬒ú¢©¸œ¸ ¢¥¸¢Ÿ¸’½” ˆ½Å ›¸¸Ÿ¸ ¬¸½ ]¸¸›¸ú ]¸¸÷¸ú ˜¸ú) Trustee
œ¸÷¸¸ ]¸ú”ú‡ í¸„¬¸, ¬¸¨¸½Ä ›¸¿ 94/95, œ¥¸¸Á’ ÇÅ. 85, Address GDA House, S.N.o 94/95, Plot No 85,
ž¸º¬¸¸£ú ˆÅ¸Á¥¸›¸ú (£¸ƒ’) ˆÅ¸½˜¸³Å”, œ¸ºµ¸½ 411038, Bhusari Colony (Right) Kothrud, Pune -
Ÿ¸í¸£¸«’ï, ž¸¸£÷¸ 411038, Maharashtra, India.
ûŸ½›¸ ›¸¿¤¸£ 020-25280081 Phone Number 020-25280081
û¾ÅƬ¸ ›¸¿¤¸£ 020-25280275 Fax Number 020-25280275
ƒÄ-Ÿ¸½¥¸ dt@gdatrustee.com E -mail dt@gdatrustee.com

Name of the Axis Trustee Services Ltd

¢”¤¸Ê\¸£ ’﬒ú ˆÅ¸ ›¸¸Ÿ¸ ‡¦Æ¬¸¬¸ ’﬒ú ¬¸¢¨¸Ä¬¸½¬¸ ¢¥¸. debenture
Trustee
œ¸÷¸¸ ‡¦Æ¬¸¬¸ í¸„¬¸, ÷¸¥¸ Ÿ¸¿¢]¸¥¸, ¨¸¸¢”¡¸¸ ƒ¿’£›¸¾©¸›¸¥¸
Address Axis House, Ground Floor,
¬¸Ê’£, œ¸¸¿”º£¿Š¸ ¤¸ºš¸ˆÅ£ Ÿ¸¸Š¸Ä, ¨¸£¥¸ú, Ÿ¸º¿¤¸ƒÄ –
Wadia International Centre, Pandurang
400 025, Ÿ¸í¸£¸«’ï, ž¸¸£÷¸ Budhkar Marg,Worli
Mumbai - 400 025, Maharashtra, India.
ûŸ½›¸ ›¸¿¤¸£ 022- 62260054/ 50
Phone Number 022- 62260054/50
ƒÄ-Ÿ¸½¥¸ debenturetrustee@axistrustee.com E -mail debenturetrustee@axistrustee.com
The Bank has also established Investor Services Division at its
¤¸ÿˆÅ ›¸½ ‚œ¸›¸½ œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸, œ¸ºµ¸½ Ÿ¸Ê ¢›¸¨¸½©¸ˆÅ ¬¸½¨¸¸‡¿ ¢¨¸ž¸¸Š¸ ˆÅú ž¸ú ¬˜¸¸œ¸›¸¸ Head Office, Pune. The Shareholders may contact Company
ˆÅú í¾— ©¸½¡¸£š¸¸£ˆÅ ‚œ¸›¸½ ¢ˆÅ¬¸ú ‚›¸º£¸½š¸/ ¢©¸ˆÅ¸¡¸÷¸ ˆ½Å ¢¥¸‡ ˆ¿Åœ¸›¸ú ¬¸¢\¸¨¸, Secretary, Investor Services Department for any of their
¢›¸¨¸½©¸ˆÅ ¬¸½¨¸¸‡¿ ¢¨¸ž¸¸Š¸ ¬¸½ ¬¸¿œ¸ˆÄÅ ˆÅ£ ¬¸ˆÅ÷¸½ íÿ— requests / complaints:

Company Secretary
ˆ¿Åœ¸›¸ú ¬¸¢\¸¨¸
Investor Services Department
¢›¸¨¸½©¸ˆÅ ¬¸½¨¸¸‡¿ ¢¨¸ž¸¸Š¸ Bank of Maharashtra,
¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï, Investor Services Department
¢›¸¨¸½©¸ˆÅ ¬¸½¨¸¸‡¿ ¢¨¸ž¸¸Š¸ Lokmangal, 1501, Shivajinagar
¥¸¸½ˆÅŸ¸¿Š¸¥¸, 1501, ¢©¸¨¸¸]¸ú›¸Š¸£ Pune 411 005
Tel: 020 25511360
œ¸ºµ¸½ - 411 005
Email: investor_services@mahabank.co.in
ûŸ½›¸ À 020 25511360
The aforesaid e-mail ID is exclusively designated for
ƒÄŸ¸½¥¸ À investor_services@mahabank.co.in
investors’ complaints pursuant to Regulation 6(2)(d) of
„œ¸¡¸ºÄÆ÷¸ ƒÄ-Ÿ¸½¥¸ ‚¸ƒÄ”ú ¬¸½¤¸ú (¬¸»\¸ú ¢›¸š¸¸Ä£µ¸ ‚¸¾£ œÏˆÅ’úˆÅ£µ¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‡Â) ¢¨¸¢›¸¡¸Ÿ¸, 2015 ˆ½Å SEBI (Listing Obligations and Disclosure Requirements)
œÏ¸¨¸š¸¸›¸ 6(2)(”ú) ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ˆ½Å¨¸¥¸ ¢›¸¨¸½©¸ˆÅ¸Ê ˆÅú ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆ½Å ¢¥¸‡ ¤¸›¸¸ƒÄ Š¸ƒÄ í¾— Regulations 2015.

11.8 ©¸½¡¸£š¸¸¢£÷¸¸ ˆÅ¸ ¢¨¸÷¸£µ¸ À 11.8 Distribution of shareholding:

31.03.2021 ˆÅ¸½ ¤¸ÿˆÅ ˆÅú ©¸½¡¸£š¸¸¢£÷¸¸ ˆÅ¸ ¢¨¸÷¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À The distribution of shareholding of Bank as on 31.03.2021 is
as under:
©¸½¡¸£š¸¸£ˆÅ¸Ê ©¸½¡¸£¸Ê ˆÅú ˆºÅ¥¸ ˆÅ¸
©¸½¡¸£¸Ê ˆÅú ¬¸¿‰¡¸¸ ˆºÅ¥¸ ˆÅ¸ % No. of No. of % to No. of % to
ˆÅú ¬¸¿‰¡¸¸ ¬¸¿‰¡¸¸ % Shares Shareholders total shares total
500 ÷¸ˆÅ 241940 82.2461 32677915 0.4981 Up to 500 241940 82.2461 32677915 0.4981
501-1000 23931 8.1352 20623848 0.3144 501 -1000 23931 8.1352 20623848 0.3144
1001-2000 11914 4.0501 18921995 0.2884 1001-2000 11914 4.0501 18921995 0.2884
2001-3000 4547 1.5457 11898726 0.1814 2001-3000 4547 1.5457 11898726 0.1814
3001-4000 1898 0.6452 6956695 0.106 3001-4000 1898 0.6452 6956695 0.106

4001-5000 2865 0.9739 13896673 0.2118 4001-5000 2865 0.9739 13896673 0.2118

5001-10000 3910 1.3292 31740029 0.4838 5001- 3910 1.3292 31740029 0.4838
10000
10000* ¬¸½ ‚¢š¸ˆÅ 3161 1.0746 6423443020 97.916
Above 3161 1.0746 6423443020 97.916
ˆºÅ¥¸ 294166 100 6560158901 100 10000*

[* ž¸¸£÷¸ ¬¸£ˆÅ¸£ ׸£¸ š¸¸¢£÷¸ 6122627927 ©¸½¡¸£¸Ê ˆÅ¸ ¬¸Ÿ¸¸¨¸½©¸ í¾] Total 294166 100 6560158901 100
[* Includes 6122627927 shares held by the Government of India ]

59
 Annual Report 2020-21

11.09 ©¸½¡¸£š¸¸¢£÷¸¸ ˆÅ¸ ¬¨¸³Åœ¸ À 11.09 Shareholding Pattern:

¢™›¸¸¿ˆÅ 31.03.2021 ÷¸˜¸¸ 31.03.2020 ˆÅ¸½ ¤¸ÿˆÅ ˆ½Å ©¸½¡¸£¸Ê ˆÅ¸ ©¸½¡¸£š¸¸¢£÷¸¸ The shareholding pattern of the Bank as on 31.03.2021 and
31.03.2020 was as under:
ˆÅ¸ ¬¨¸³Åœ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ £í¸ À
31.03.2021 ˆÅ¸½ 31.3.2020 ˆÅ¸½ As on 31.03.2021 As on 31.03.2020
Category of
ˆºÅ¥¸ shareholder No. of % to total No. of % to total
©¸½¡¸£š¸¸£ˆÅ ˆÅú ˆºÅ¥¸ ©¸½¡¸£ shares held holding shares held holding
ª½µ¸ú š¸¸¢£÷¸ ©¸½¡¸£¸Ê š¸¸¢£÷¸ ©¸½¡¸£¸Ê ©¸½¡¸£
š¸¸£µ¸ ˆÅ¸
ˆÅú ¬¸¿‰¡¸¸ ˆÅú ¬¸¿‰¡¸¸ š¸¸£µ¸ Govt. of India 6122627927 93.33 5386578326 92.49
%
ˆÅ¸ % Insurance
ž¸¸£÷¸ ¬¸£ˆÅ¸£ 6122627927 93.33 5386578326 92.49 126517011 1.93 157015234 2.70
Companies
¤¸úŸ¸¸ ˆ¿Åœ¸¢›¸¡¸¸¿ 126517011 1.93 157015234 2.70 Resident Individuals 212659597 3.24 189259499 3.25
ž¸¸£÷¸ú¡¸ ¢›¸¨¸¸¬¸ú
212659597 3.24 189259499 3.25 Banks/Financial
¨¡¸¢Æ÷¸ 67600551 1.03 72843807 1.25
Institutions
¤¸ÿˆÅ/ ¢¨¸î¸ú¡¸ ¬¸¿¬˜¸¸›¸ 67600551 1.03 72843807 1.25
Domestic Companies 17141042 0.26 4983421 0.09
‹¸£½¥¸» ˆ¿Åœ¸¢›¸¡¸¸¿ 17141042 0.26 4983421 0.09
‚¢›¸¨¸¸¬¸ú ž¸¸£÷¸ú¡¸ Non Resident
5422340 0.08 4032610 0.07 5422340 0.08 4032610 0.07
¨¡¸¢Æ÷¸ Individuals
¢¨¸™½©¸ú ¬¸¿¬˜¸¸Š¸÷¸ Foreign Institutional
5150316 0.08 7650809 0.13 5150316 0.08 7650809 0.13
¢›¸¨¸½©¸ˆÅ Investors
Ÿ¡¸º\¸º‚¥¸ û¿Å”/ Mutual Fund/UTI 2927582 0.04 1633069 0.03
2927582 0.04 1633069 0.03
¡¸»’ú‚¸ƒÄ Trust 112435 0.00 112425 0.00
›¡¸¸¬¸ (’﬒) 112435 0.00 112425 0.00
Overseas Corporate
¢¨¸™½©¸ú ¢›¸Š¸¢Ÿ¸÷¸ 100 0.00 100 0.00
100 0.00 100 0.00 Bodies
¢›¸ˆÅ¸¡¸
Total 6560158901 100.00 5824109300 100.00
ˆºÅ¥¸ 6560158901 100.00 5824109300 100.00
11.10 Dematerialisation of shares and Liquidity:
11.10 ©¸½¡¸£¸Ê ˆÅ¸ ”úŸ¸¾’£¥¸¸ƒ]¸½©¸›¸ ‚¸¾£ ÷¸£¥¸÷¸¸ À
Shares of the Bank are traded compulsorily in Demat form
¤¸ÿˆÅ ˆ½Å ©¸½¡¸£¸Ê ˆÅ¸ ‚¢›¸¨¸¸¡¸Ä ³Åœ¸ ¬¸½ ”úŸ¸¾’ ¬¨¸³Åœ¸ Ÿ¸Ê íú ÇÅ¡¸-¢¨¸ÇÅ¡¸ í¸½÷¸¸ only. The Bank has entered into agreements with both the
í¾— ¤¸ÿˆÅ ˆ½Å ©¸½¡¸£¸Ê ˆ½Å ”úŸ¸¾’£¥¸¸ƒ]¸½©¸›¸ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ›¸½ ™¸½›¸¸Ê ¢”œ¸¸Á¢]¸’¢£¡¸¸Ê Depositories viz. National Securities Depository Limited
¡¸˜¸¸ ›¸¾©¸›¸¥¸ ¢¬¸Æ¡¸º¢£’ú]¸ ¢”œ¸¸Á¢]¸’£ú]¸ ¢¥¸. (‡›¸‡¬¸”ú‡¥¸) ÷¸˜¸¸ ¬¸Ê’兩 (NSDL) and Central Depository Services (India) Limited
¢”œ¸¸Á¢]¸’£ú ¬¸¢¨¸Ä¬¸½¬¸ (ƒ¿¢”¡¸¸) ¢¥¸. (¬¸ú”ú‡¬¸‡¥¸) ˆ½Å ¬¸¸˜¸ ¬¸Ÿ¸^¸¸¾÷¸½ ¢ˆÅ‡ íÿ— (CDSL) for dematerialization of the Bank’s shares. The ISIN
code allotted to the Bank’s equity shares is INE457A01014.
¤¸ÿˆÅ ˆ½Å ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê ˆÅ¸½ ‚¸¤¸¿¢’÷¸ ‚¸ƒÄ‡¬¸‚¸ƒÄ‡›¸ ˆÅ¸½” INE457A01014 The Annual Custody fees for the financial year 2020-21 have
í¾— ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ ¨¸¸¢«¸ÄˆÅ ‚¢ž¸£®¸¸ ©¸º¥ˆÅ ¬¸½¤¸ú ¢™©¸¸¢›¸™½Ä©¸¸Ê been paid to the depositories as per SEBI guidelines.
ˆ½Å ‚›¸º¬¸¸£ ¢”œ¸¸¢]¸’£ú ˆÅ¸½ ž¸ºŠ¸÷¸¸›¸ ˆÅ£ ¢™¡¸¸ Š¸¡¸¸ í¾— Particulars of shares held by the shareholders of Bank as on
31.03.2021 ˆÅ¸½ ©¸½¡¸£š¸¸£ˆÅ¸Ê ׸£¸ š¸¸¢£÷¸ ©¸½¡¸£¸Ê ˆÅ¸ ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ À- 31.03.2021 are as under:

©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅú ¬¸¿‰¡¸¸ ©¸½¡¸£¸Ê ˆÅú ¬¸¿‰¡¸¸ No. of shareholders No. of shares
Category Number of Number of
ª½µ¸ú ©¸½¡¸£š¸¸£ˆÅ¸Ê ©¸½¡¸£¸Ê ˆÅú Percentage Percentage
œÏ¢÷¸©¸÷¸ œÏ¢÷¸©¸÷¸ shareholders shares
ˆÅú ¬¸¿‰¡¸¸ ¬¸¿‰¡¸¸
Physical 43628 14.83 6601758 0.10
ž¸¸¾¢÷¸ˆÅ ³Åœ¸ Ÿ¸Ê 43628 14.83 6601758 0.10
Demat:
”úŸ¸¾’À 1. NSDL 108031 36.72 304533796 4.64
1. ‡›¸‡¬¸”ú‡¥¸ 108031 36.72 304533796 4.64 2. CDSL* 142507 48.44 6249023347 95.26
2. ¬¸ú”ú‡¬¸‡¥¸* 142507 48.44 6249023347 95.26 Sub-total 250538 85.17 6553557143 99.90
„œ¸ ]¸¸½”õ 250538 85.17 6553557143 99.90 Total 294166 100.00 6560158901 100.00
ˆºÅ¥¸ 294166 100.00 6560158901 100.00 (* Including 6122627927 equity shares held by the Government
(*ž¸¸£÷¸ ¬¸£ˆÅ¸£ ׸£¸ š¸¸¢£÷¸ 6122627927 ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê ¬¸¢í÷¸) of India)

11.11 Dematerialization of Shares – Process:

11.11 ©¸½¡¸£¸Ê ˆÅ¸ ”úŸ¸¾’£¥¸¸ƒ]¸½©¸›¸ - œÏ¢ÇÅ¡¸¸ À
¢]¸›¸ ©¸½¡¸£š¸¸£ˆÅ¸Ê ›¸½ ‚¤¸ ž¸ú ‚œ¸›¸½ ©¸½¡¸£ ž¸¸¾¢÷¸ˆÅ ³Åœ¸ Ÿ¸Ê š¸¸¢£÷¸ ¢ˆÅ‡ íº‡
íÿ „›¸¬¸½ ‚›¸º£¸½š¸ í¾ ¢ˆÅ ‚œ¸›¸½ ©¸½¡¸£¸Ê ˆÅ¸½ ©¸ú‹Ï ”úŸ¸¾’£¥¸¸ƒ]¸½©¸›¸ ˆÅ£ ¥¸Ê ‚¸¾£
”úŸ¸¾’ ûŸÁŸ¸Ä Ÿ¸Ê ©¸½¡¸£¸Ê Ÿ¸Ê ¨¡¸¨¸í¸£ ˆÅ£›¸½ ˆÅ¸ ¥¸¸ž¸ „“¸‡¿— ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅú
¬¸º¢¨¸š¸¸ ˆ½Å ¢¥¸‡ ©¸½¡¸£¸Ê ˆÅ¸½ ”úŸ¸¾’£¥¸¸ƒ]¸½©¸›¸ ˆÅ£›¸½ ˆÅú œÏ¢ÇÅ¡¸¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾ À
ˆÅ. ”úŸ¸¾’ ‰¸¸÷¸¸ ¢”œ¸¸Á¢]¸’£ú œ¸¸¢’Ä¢¬¸œ¸Ê’ (”úœ¸ú) ˆ½Å œ¸¸¬¸ ‰¸¸½¥¸¸ ]¸¸ ¬¸ˆÅ÷¸¸
í¾—
‰¸. ©¸½¡¸£š¸¸£ˆÅ ‚œ¸›¸½ ”úœ¸ú ˆÅ¸½ ”úŸ¸¾’£¥¸¸ƒ]¸½©¸›¸ ‚›¸º£¸½š¸ ûŸÁŸ¸Ä
(”ú‚¸£‡ûÅ) Ÿ¸»¥¸ ©¸½¡¸£ ¬¸¢’Ä¢ûň½Å’ ˆ½Å ¬¸¸˜¸ œÏ¬÷¸º÷¸ ˆÅ£Ê—
Shareholders who continue to hold shares in physical form
are requested to dematerialize their shares at the earliest
and avail the benefits of dealing in shares in demat form. For
convenience of shareholders, the process of getting the shares
dematerialized is given hereunder:
a) Demat account should be opened with a Depository
Participant (DP).
b) Shareholders should submit the Dematerialization
Request Form (DRF) along with share certificates in
original, to their DP.

60
Jeeef<e&keÀ efjHeesì& 2020-21
Š¸. ”úœ¸ú ”ú‚¸£‡ûÅ ˆÅ¸½ œÏ¸½¬¸½¬¸ ˆÅ£ÊŠ¸½ ‚¸¾£ ”úŸ¸¾’£¥¸¸ƒ]¸½©¸›¸ ‚›¸º£¸½š¸
ÇÅŸ¸¸¿ˆÅ (”ú‚¸£‡›¸) ¢›¸¢Ÿ¸Ä÷¸ ˆÅ£ÊŠ¸½—
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‡]¸Ê’ ¢¥¸¢Ÿ¸’½” í¾—
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‚›¸º£¸½š¸ ˆÅú œ¸º¦«’ ¡¸¸ ¢›¸£¬÷¸ ˆÅ£½Š¸¸—
\¸. ‚›¸º£¸½š¸ ˆÅú œ¸º¦«’ í¸½›¸½ œ¸£ ©¸½¡¸£š¸¸£ˆÅ ˆÅ¸½ ”úœ¸ú ˆ½Å œ¸¸¬¸ £‰¸½ ‚œ¸›¸½
”úŸ¸¾’ ‰¸¸÷¸½ Ÿ¸Ê ©¸½¡¸£¸Ê ˆÅú ¬¸Ÿ¸³Åœ¸ú ¬¸¿‰¡¸¸ ˆÅ¸ ]¸Ÿ¸¸ œÏ¸œ÷¸ í¸½Š¸¸—
÷¸˜¸¸¢œ¸, ¢™›¸¸¿ˆÅ 08 ]¸»›¸, 2018 ˆÅú ¬¸½¤¸ú ‚¢š¸¬¸»\¸›¸¸ ÇÅŸ¸¸¿ˆÅ ¬¸½¤¸ú/‡¥¸‡”ú-
‡›¸‚¸£‚¸½/]¸ú‡›¸/2018/24 ˆ½Å ‚›¸º¬¸¸£ ÷¸˜¸¸ ¢™›¸¸¿ˆÅ 30 ›¸¨¸¿¤¸£, 2018 ˆÅú
‚¢š¸¬¸»\¸›¸¸ ÇÅŸ¸¸¿ˆÅ ¬¸½¤¸ú/‡¥¸‡”ú-‡›¸‚¸£‚¸½/]¸ú‡›¸/2018/49 ׸£¸ ‚¸Š¸½ ˆ½Å
¬¸¿©¸¸½š¸›¸¸Ê Ÿ¸Ê œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸ ‚¿÷¸£µ¸ œÏž¸¸¨¸ú ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ‚›¸º£¸½š¸ 01 ‚œÏ¾¥¸,
2019 ¬¸½ œÏ¸½¬¸½¬¸ ›¸íú¿ ¢ˆÅ‡ ]¸¸‡¿Š¸½ ]¸¤¸ ÷¸ˆÅ ¢ˆÅ ]¸Ÿ¸¸ˆÅ÷¸¸Ä‚¸Ê ˆ½Å œ¸¸¬¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿
”úŸ¸¾’£¥¸¸ƒ]” ³Åœ¸ Ÿ¸Ê š¸¸¢£÷¸ ›¸ í¸Ê— ‚÷¸À ©¸½¡¸£š¸¸£ˆÅ¸Ê ¬¸½ ‚›¸º£¸½š¸ í¾ ¢ˆÅ ¤¸ÿˆÅ ˆ½Å
ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê ˆÅ¸½ ÷¸÷ˆÅ¸¥¸ ³Åœ¸ ¬¸½ ”úŸ¸¾’£¥¸¸ƒ]¸½©¸›¸ ˆÅ£›¸½ í½÷¸º ˆÅ¸£Ä¨¸¸ƒÄ ˆÅ£Ê—
11.12 ûŸ½¢¥¸¡¸¸½ ˆÅ¸ ¬¸Ÿ¸½ˆÅ›¸ À
¨¸¾¬¸½ ¢›¸¨¸½©¸ˆÅ, ¬¸™¬¡¸ ¢]¸›¸ˆ½Å œ¸¸¬¸ ‡ˆÅ íú ›¸¸Ÿ¸ ˆ½Å ÇÅŸ¸ Ÿ¸Ê ‡ˆÅ ¬¸½ ‚¢š¸ˆÅ ûŸ½¢¥¸¡¸¸½ íÿ,
„›¸¬¸½ ‚›¸º£¸½š¸ í¾ ¢ˆÅ ¬¸½¨¸¸‡¿ œÏ™¸›¸ ˆ½Å ¥¸¸Š¸÷¸ ‚¸¾£ œÏ¡¸¸¬¸¸Ê ˆ½Å ™¸½í£¸¨¸ ˆÅ¸½ ˆÅŸ¸ ˆÅ£›¸½
ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆÅ¸½ ¬¸®¸Ÿ¸ ¤¸›¸¸›¸½ í½÷¸º ‚œ¸›¸ú š¸¸¢£÷¸¸‚¸Ê ˆÅ¸½ ‡ˆÅ íú ûŸ½¢¥¸¡¸¸½ ˆ½Å ‚¿÷¸Š¸Ä÷¸
¬¸Ÿ¸½¢ˆÅ÷¸ ˆÅ£Ê— ¬¸™¬¡¸ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢ˆÅ‡ ]¸¸›¸½ ¨¸¸¥¸½ ûŸ½¢¥¸¡¸¸½ ÇÅŸ¸¸¿ˆÅ¸Ê ˆ½Å ¬¸¸˜¸ íú Ÿ¸»¥¸
©¸½¡¸£ œÏŸ¸¸µ¸œ¸°¸¸Ê ˆÅú ¬¸»\¸›¸¸ ™½÷¸½ íº‡ œ¸¿]¸ú¡¸ˆÅ ‚¸¾£ ‚¿÷¸£µ¸ ‡]¸Ê’¸Ê ˆÅ¸½ ¢¥¸‰¸Ê—
11.13 ›¸¸Ÿ¸¸¿ˆÅ›¸ À
ž¸¸¾¢÷¸ˆÅ ³Åœ¸ Ÿ¸Ê ‡ˆÅ¥¸ ¡¸¸ ¬¸¿¡¸ºÆ÷¸ ³Åœ¸ ¬¸½ ©¸½¡¸£ š¸¸¢£÷¸ ˆÅ£›¸½ ¨¸¸¥¸¸ ¨¸¾¡¸¢Æ÷¸ˆÅ
©¸½¡¸£š¸¸£ˆÅ ¢ˆÅ¬¸ú ‡½¬¸½ ¨¡¸¢Æ÷¸ ˆÅ¸ ›¸¸Ÿ¸¸¿ˆÅ›¸ ˆÅ£ ¬¸ˆÅ÷¸¸ í¾, ¢]¸¬¸ˆ½Å ›¸¸Ÿ¸ œ¸£
œ¸¿]¸úˆ¼Å÷¸ ©¸½¡¸£š¸¸£ˆÅ (©¸½¡¸£š¸¸£ˆÅ¸Ê) ˆÅú Ÿ¸¼÷¡¸º í¸½›¸½ œ¸£ ©¸½¡¸£ ‚¿÷¸£µ¸ ¢ˆÅ¡¸¸
]¸¸ ¬¸ˆ½Å— ›¸¸Ÿ¸¸¿ˆÅ›¸ ûŸÁŸ¸Ä ˆ¿Åœ¸›¸ú ˆ½Å £¢]¸¬’︣ ‚¸¾£ ©¸½¡¸£ ‚¿÷¸£µ¸ ‡]¸Ê’ ¬¸½ œÏ¸œ÷¸
¢ˆÅ‡ ]¸¸ ¬¸ˆÅ÷¸½ íÿ—
”úŸ¸¾’ ³Åœ¸ Ÿ¸Ê š¸¸¢£÷¸ ©¸½¡¸£¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ›¸¸Ÿ¸¸¿ˆÅ›¸ ¬¸º¢¨¸š¸¸ ¢”œ¸¸Á¢]¸’£ú
œ¸¸¢’Ä¢¬¸œ¸Ê’ (”úœ¸ú) ˆ½Å œ¸¸¬¸ „œ¸¥¸¤š¸ í¾ ]¸¸½ ‡›¸‡¬¸”ú‡¥¸ ‚¸¾£ ¬¸ú”ú‡¬¸‡¥¸ ˆÅ¸½
¥¸¸Š¸» „œ¸-¢›¸¡¸Ÿ¸¸Ê ‚¸¾£ ¨¡¸¨¸¬¸¸¡¸ ¢›¸¡¸Ÿ¸¸Ê ˆ½Å ‚›¸º³Åœ¸ í¾—
11.14 ©¸½¡¸£ œ¸»¿]¸ú ¥¸½‰¸¸ œ¸£ú®¸¸ ¢£œ¸¸½’Ä ˆÅ¸ ¬¸Ÿ¸¸š¸¸›¸ À
¬¸½¤¸ú ׸£¸ ¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ‡ ‚›¸º¬¸¸£, ¤¸ÿˆÅ ˆÅú ˆºÅ¥¸ ]¸¸£ú ‚¸¾£ ¬¸»\¸ú¤¸Ö œ¸»¿]¸ú
‚¸¾£ ˆ½Å›Íú¡¸ ¢›¸®¸½œ¸¸Š¸¸£ ¬¸½¨¸¸‡¿ (ƒ¿¢”¡¸¸) ¢¥¸¢Ÿ¸’½” (¬¸ú”ú‡¬¸‡¥¸) ÷¸˜¸¸
£¸«’ïú¡¸ œÏ¢÷¸ž¸»¢÷¸ ¢›¸®¸½œ¸¸Š¸¸£ ¢¥¸¢Ÿ¸’½” (‡›¸‡¬¸”ú‡¥¸) ˆ½Å œ¸¸¬¸ ˆºÅ¥¸ œÏ¢¨¸«’
œ¸»¿]¸ú ˆ½Å ¬¸Ÿ¸¸š¸¸›¸ í½÷¸º ‡ˆÅ œÏ¾¦Æ’¢¬¸¿Š¸ ˆ¿Åœ¸›¸ú ¬¸¢\¸¨¸, ¬¸¢\¸¨¸ú¡¸ (¬¸½Ç½Å’½¢£¡¸¥¸)
¥¸½‰¸¸ œ¸£ú®¸¸ ˆÅ£÷¸¸ í¾— ¡¸í ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ÷¡¸½ˆÅ ¢÷¸Ÿ¸¸íú Ÿ¸Ê ˆÅú ]¸¸÷¸ú í¾ ‚¸¾£
„¬¸ˆÅú ¢£œ¸¸½’Ä „›¸ ¬’¸ÁˆÅ ‡Æ¬¸\¸Ê]¸¸Ê Ÿ¸Ê œÏ¬÷¸º÷¸ ˆÅú ]¸¸÷¸ú í¾ ]¸í¸¿ ¤¸ÿˆÅ ˆ½Å ©¸½¡¸£
¬¸»\¸ú¤¸Ö íÿ— ¡¸í ¥¸½‰¸¸ œ¸£ú®¸¸ œ¸º¦«’ ˆÅ£÷¸ú íÿ ¢ˆÅ ˆºÅ¥¸ ¬¸»\¸ú¤¸Ö œ¸»¿]¸ú ‚¸¾£
œÏ™î¸ œ¸»¿]¸ú ž¸¸¾¢÷¸ˆÅ ³Åœ¸ Ÿ¸Ê ©¸½¡¸£¸Ê ˆÅú ˆºÅ¥¸ ¬¸¿‰¡¸¸ ÷¸˜¸¸ ”úŸ¸¾’£¥¸¸ƒ]¸½©¸›¸ ³Åœ¸
(‡›¸‡¬¸”ú‡¥¸ ‚¸¾£ ¬¸ú”ú‡¬¸‡¥¸ ˆ½Å œ¸¸¬¸ š¸¸¢£÷¸) Ÿ¸Ê ©¸½¡¸£¸Ê ˆÅú ˆºÅ¥¸ ¬¸¿‰¡¸¸ ˆ½Å
¬¸Ÿ¸ŠÏ ˆ½Å ¬¸¸˜¸ ¬¸Ÿ¸^¸¸¾÷¸½ Ÿ¸Ê í¾—
11.15 £¸«’ïú¡¸ ƒ¥¸½Æ’ï¸Á¢›¸ˆÅ ¬¸Ÿ¸¸©¸¸½š¸›¸ ¬¸½¨¸¸‡¿ (‡›¸ƒÄ¬¸ú‡¬¸) À
›¸¾©¸›¸¥¸ ƒ¥¸½Æ’ï¸Á¢›¸ˆÅ ¬¸Ÿ¸¸©¸¸½š¸›¸ ¬¸½¨¸¸ (‡›¸ƒÄ¬¸ú‡¬¸) ¥¸¸ž¸¸¿©¸/ ¤¡¸¸]¸ ƒ÷¡¸¸¢™
ˆ½Å ž¸ºŠ¸÷¸¸›¸ ˆÅ£›¸½ ˆÅú ‚›¸»“ú œÏµ¸¸¥¸ú í¾, ¢]¸¬¸ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸¨¸½©¸ˆÅ ˆÅ¸½ ™½¡¸ £¸¢©¸
¬¸úš¸½ „¬¸ˆ½Å ¤¸ÿˆÅ ‰¸¸÷¸½ Ÿ¸Ê ]¸Ÿ¸¸ ˆÅú ]¸¸ ¬¸ˆÅ÷¸ú í¾— ¤¸ÿˆÅ ‚œ¸›¸½ ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅ¸½
¬¸úš¸½ ‚œ¸›¸½ ‰¸¸÷¸½ Ÿ¸Ê ¥¸¸ž¸¸¿©¸ ]¸Ÿ¸¸ ˆÅ£¸›¸½ í½÷¸º ¡¸í ¬¸º¢¨¸š¸¸ ¥¸½›¸½ ˆÅ¸ ¢¨¸ˆÅ¥œ¸ œÏ™¸›¸
ˆÅ£÷¸¸ í¾— ÷¸˜¸¸¢œ¸, ©¸½¡¸£š¸¸£ˆÅ ˆÅ¸ ‰¸¸÷¸¸ ˆÊÅÍú¡¸ˆ¼Å÷¸/ ˆÅ¸½£ ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸¸½¥¡¸»©¸›¸
(¬¸ú¤¸ú‡¬¸) ¨¸¸¥¸ú ¤¸ÿˆÅ ©¸¸‰¸¸ Ÿ¸Ê í¸½›¸¸ \¸¸¢í‡—
‡›¸ƒÄ¬¸ú‡¬¸ ‚¢š¸™½©¸ ûŸÁŸ¸Ä ‡]¸ú‡Ÿ¸ ›¸¸½¢’¬¸ ˆ½Å ¬¸¸˜¸ ¬¸¿¥¸Š›¸ í¾, ¢]¸¬¸½ „›¸
©¸½¡¸£š¸¸£ˆÅ¸Ê ׸£¸ œ¸¿]¸ú¡¸ˆÅ ‚¸¾£ ©¸½¡¸£ ‚¿÷¸£µ¸ ‡]¸Ê’ (‚¸£’ú‡) ˆÅ¸½ ž¸½]¸¸ ]¸¸
¬¸ˆÅ÷¸¸ í¾, ¢]¸›í¸Ê›¸½ ©¸½¡¸£ ž¸¸¾¢÷¸ˆÅ ³Åœ¸ Ÿ¸Ê š¸¸¢£÷¸ ¢ˆÅ‡ íº‡ íÿ— ¢]¸›¸ ©¸½¡¸£š¸¸£ˆÅ¸Ê
61
c) DP will process the DRF and will generate a
Dematerialization Request Number (DRN).
d) DP will submit the DRF and original share certificates
to the Registrar and Transfer Agents (RTA), which is
MCS Share Transfer Agent Limited.
e) RTA will process the DRF and confirm or reject the
request to DP/ depositories.
f) Upon confirmation of request, the shareholder will get
credit of the equivalent number of shares in his demat
account maintained with the DP.
However, as per SEBI Notification No. SEBI/LAD-NRO/
GN/2018/24 dated June 8, 2018 and further amendment vide
Notification No. SEBI/LAD-NRO/GN/2018/49 dated November
30, 2018, requests for effecting transfer of securities (except
in case of transmission or transposition of securities) shall not
be processed from April 1, 2019 unless the securities are held
in the dematerialised form with the depositories. Therefore,
Shareholders are requested to take action to dematerialize the
Equity Shares of the Bank promptly.
11.12 Consolidation of Folios:
In order to enable the Bank to reduce costs and duplicity of
efforts for providing services to investors, members who have
more than one folio in the same order of names, are requested
to consolidate their holdings under one folio. Members may
write to the Registrars & Transfer Agents indicating the folio
numbers to be consolidated along with the original shares
certificates to be consolidated.
11.13 Nomination:
Individual shareholders holding shares singly or jointly in
physical form can nominate a person in whose name the
shares shall be transferable in case of death of the registered
shareholder(s). Nomination forms can be obtained from the
Company’s Registrar and Share Transfer Agent.
Nomination facility in respect of shares held in Demat form is
available with the Depository Participants as per the bye-laws
and business rules applicable to NSDL and CDSL.
11.14 Reconciliation of Share Capital Audit Report:
As stipulated by SEBI, a Practicing Company Secretary
carries out Secretarial Audit to reconcile the total admitted
capital with National Securities Depository Limited (NSDL) and
Central Depository Services (India) Limited (CDSL) and the
total issued and listed capital of Bank. This audit is carried out
every quarter and the report thereon is submitted to the Stock
Exchanges where the Bank’s shares are listed. The audit
confirms that the total Listed Capital and Paid-up Capital is in
agreement with the aggregate of the total number of shares
in dematerialised form (held with NSDL and CDSL) and total
number of shares in physical form.
11.15 National Electronic Clearing Services (NECS):
National Electronic Clearing Services (NECS) is a novel
method of payment of dividend/ interest etc. where the amount
due to the investor can be directly credited to his/ her Bank
account. The Bank offers this service to its shareholders with
an option to avail the facility for the direct credit of the dividend
in their bank account. However, the Bank account of the
shareholders should be in Centralized/ Core Banking Solution
(CBS) branch of the Bank.
The NECS mandate form is enclosed to the AGM Notice, which
may be sent to the Registrar and Share Transfer Agent (RTA)
by the shareholders, who are holding shares in physical form.

›¸½ ‚œ¸›¸½ ©¸½¡¸£ ”úŸ¸¾’£¥¸¸ƒ]¸½©¸›¸ ³Åœ¸ Ÿ¸Ê š¸¸¢£÷¸ ¢ˆÅ‡ íº‡ íÿ, ¨¸½ ‚œ¸›¸½
¤¸ÿˆÅ ‰¸¸÷¸¸Ê ˆ½Å ¤¡¸¸¾£¸Ê ˆÅ¸ ‚Ô¸÷¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ‚œ¸›¸½ ¬¸¿¤¸¿¢š¸÷¸ ¢”œ¸¸Á¢]¸’£ú
œ¸¸¢’Ä¢¬¸œ¸Ê’ ¬¸½ ¬¸¿œ¸ˆÄÅ ˆÅ£Ê—
11.16 ‚™î¸ ¥¸¸ž¸¸¿©¸ À
‡½¬¸½ ©¸½¡¸£š¸¸£ˆÅ ¢]¸›í¸Ê›¸½ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2014-15 ˆ½Å ¢¥¸‡ ¥¸¸ž¸¸¿©¸ ¨¸¸£¿’ ˆÅ¸
›¸ˆÅ™úˆÅ£µ¸ ›¸ ¢ˆÅ¡¸¸ í¸½, ¨¸½ ¨¸¸£¿’¸Ê ˆ½Å œ¸º›¸¨¸¾šÄ ¸úˆÅ£µ¸ ÷¸˜¸¸ ƒ¬¸ˆ½Å ž¸ºŠ¸÷¸¸›¸ í½÷¸º
‚¸¨¸©¡¸ˆÅ ¬¸í¸¡¸÷¸¸ ˆ½Å ¢¥¸‡ £¢]¸¬’︣/ ¤¸ÿˆÅ ¬¸½ „Æ÷¸ œ¸÷¸½ œ¸£ ¬¸¿œ¸ˆÄÅ ˆÅ£ ¬¸ˆÅ÷¸½ íÿ—
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š¸¸£¸ 10 ¤¸ú ‚¸¾£ ¢¨¸î¸ú¡¸ ¬¸¿¬˜¸¸›¸ ¢¨¸¢š¸ (¬¸¿©¸¸½š¸›¸) ‚¢š¸¢›¸¡¸Ÿ¸ 2006 (]¸¸½
16.10.2006 ¬¸½ œÏž¸¸¨¸ú íº‚¸) ˆÅú ©¸÷¸¸½ô ˆ½Å ‚›¸º¬¸¸£ ¥¸¸ž¸¸¿©¸ ˆÅú ˆÅ¸½ƒÄ ž¸ú
£¸¢©¸ ]¸¸½ ‚™î¸ ¥¸¸ž¸¸¿©¸ ‰¸¸÷¸½ Ÿ¸Ê ‚¿÷¸¢£÷¸ ˆÅú Š¸ƒÄ í¾ ‚¸¾£ ƒ¬¸ œÏˆÅ¸£ ˆ½Å
‚¿÷¸£µ¸ ˆ½Å ¢™›¸¸¿ˆÅ ¬¸½ ¬¸¸÷¸ ¨¸«¸¸½ô ˆÅú ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ ¢¤¸›¸¸ ž¸ºŠ¸÷¸¸›¸/ ¢¤¸›¸¸ ™¸¨¸½
ˆ½Å ‰¸¸÷¸½ Ÿ¸Ê œ¸”õú í¾, ÷¸¸½ „¬¸½ ˆ¿Åœ¸›¸ú ‚¢š¸¢›¸¡¸Ÿ¸ 1956 ˆÅú š¸¸£¸ 205 ¬¸ú (1)/
ˆ¿Åœ¸›¸ú ‚¢š¸¢›¸¡¸Ÿ¸, 2013 ˆÅú š¸¸£¸ 125 ˆ½Å ‚š¸ú›¸ Š¸¢“÷¸ ``¢›¸¨¸½©¸ˆÅ ¢©¸®¸¸
÷¸˜¸¸ ¬¸¿£®¸µ¸ ¢›¸¢š¸'' (‚¸ƒÄƒÄœ¸ú‡ûÅ) Ÿ¸Ê ‚¿÷¸¢£÷¸ ¢ˆÅ¡¸¸ ]¸¸‡Š¸¸—
„Æ÷¸ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê, ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2014-15 ¬¸½ œ¸»¨¸Ä ‚™î¸/ ™¸¨¸¸ ›¸
ˆÅú Š¸ƒÄ ¥¸¸ž¸¸¿©¸ ˆÅú ‡½¬¸ú ¬¸ž¸ú £¸¢©¸¡¸¸Ê ˆÅ¸½ `¢›¸¨¸½©¸ˆÅ ¢©¸®¸¸ ‡¨¸¿ ¬¸¿£®¸µ¸ ¢›¸¢š¸'
Ÿ¸Ê ‚¿÷¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
12. ‚›¡¸ ¢¨¸Š¸¸½œ¸›¸ À
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12.2 œ¸º›¸£ú®¸¸š¸ú›¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸, ¤¸ÿˆÅ ›¸½ œ¸»¿]¸ú ¤¸¸]¸¸£ ¬¸¿¤¸¿š¸ú Ÿ¸¸Ÿ¸¥¸¸Ê ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¬¸ž¸ú
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Ÿ¸¸Ÿ¸¥¸½ ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ›¸ ¢ˆÅ‡ ]¸¸›¸½ ˆ½Å ˆÅ¸½ƒÄ ™¿” ›¸íú¿ ¥¸Š¸¸¡¸¸ Š¸¡¸¸ í¾—
12.3 œÏ¤¸¿š¸ˆÅú¡¸ œ¸¢£\¸\¸¸Ä ‚¸¾£ ¢¨¸©¥¸½«¸µ¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¢£œ¸¸½’Ä ˆÅ¸ ‡ˆÅ ž¸¸Š¸ íÿ—
12.4 ¬¸úƒÄ‚¸½ ÷¸˜¸¸ ¬¸ú‡ûÅ‚¸½ œÏŸ¸¸µ¸›¸ À
¤¸ÿˆÅ ˆ½Å Ÿ¸º‰¡¸ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ‚¢š¸ˆÅ¸£ú ÷¸˜¸¸ Ÿ¸º‰¡¸ ¢¨¸î¸ú¡¸ ‚¢š¸ˆÅ¸£ú ›¸½ ¬¸½¤¸ú
(‡¥¸‚¸½”ú‚¸£) ¢¨¸¢›¸¡¸Ÿ¸, 2015 ˆ½Å ¢¨¸¢›¸¡¸Ÿ¸ 17(8) ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‚œ¸½®¸¸›¸º¬¸¸£
29 ‚œÏ¾¥¸, 2021 ˆÅ¸½ ‚¸¡¸¸½¢]¸÷¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¤¸¾“ˆÅ Ÿ¸Ê ¢¨¸î¸ú¡¸ ¨¸«¸Ä
2020-21 ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆ½Å ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸¸Ê ‚¸¾£ ¢¨¸î¸ú¡¸ ¢£œ¸¸½¢’ôŠ¸ œ¸£ ‚œ¸›¸¸
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¤¥¸¸½‚£ œ¸¸Á¢¥¸¬¸ú ÷¸¾¡¸¸£ ˆÅú Š¸ƒÄ í¾ ‚¸¾£ ¨¸í ¤¸ÿˆÅ ˆÅú ¨¸½¤¸¬¸¸ƒ’ www.
bankofmaharashtra.in œ¸£ „œ¸¥¸¤š¸ í¾— ¡¸í ž¸ú ¤¸÷¸¸¡¸¸ Š¸¡¸¸ í¾ ¢ˆÅ ¢ˆÅ¬¸ú
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bankofmaharashtra.in œ¸£ „œ¸¥¸¤š¸ ˆÅ£¸¡¸¸ Š¸¡¸¸ í¾—
12.7 ‚œ¸›¸½ ¢›¸™½©¸ˆÅ¸Ê ‚¸¾£ ¨¸¢£«“ œÏ¤¸¿š¸›¸ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ›¸½ ‚¸\¸¸£ ¬¸¿¢í÷¸¸ ˆÅ¸½
‚œ¸›¸¸¡¸¸ í¾ ‚¸¾£ ƒ¬¸½ ¤¸ÿˆÅ ˆÅú ¨¸½¤¸¬¸¸ƒ’ www.bankofmaharashtra.in œ¸£
„œ¸¥¸¤š¸ ˆÅ£¸¡¸¸ Š¸¡¸¸ í¾—
62
Annual Report 2020-21
Shareholders holding their shares in dematerialized form may
contact their respective Depository Participants for updating
their bank account details.
11.16 Unpaid Dividends:
The Shareholders who have not encashed the dividend
warrants for the financial year 2014-15 may contact the RTAs /
Bank on the above address for revalidation of the warrants and
necessary assistance for the payment thereof.
In terms of Section 10B of the Banking Companies (Acquisition
and Transfer of Undertakings) Act, 1970 and Financial
Institutions Laws (Amendment) Act 2006, (which has come
into force from 16.10.2006), any amount of dividend which is
transferred to unpaid dividend account and remains unpaid
/ unclaimed for a period of seven years from the date of
such transfer shall be transferred to “Investor Education and
Protection Fund” (IEPF) established under Section 205C(1)
of the Companies Act, 1956/ Section 125 of Companies Act,
2013.
In line with the above provisions, all such amounts of dividend
remaining unpaid / unclaimed for the financial years prior to
the financial yerar 2014-15 has been transferred to “Investor
Education and Protection Fund”.
12 Other Disclosures:
12.1 Other than those in the normal course of banking business, the
Bank has not entered into any materially significant related party
transactions with its Promoters / Directors, Management, their
subsidiaries, or relatives, etc. that may have potential conflict
with the interests of the Bank at large. The Bank’s policy on
Related Party transactions is available on Bank’s website i.e.
www.bankofmaharashtra.in The Related Party Transactions
are disclosed in the Notes on Accounts in compliance with RBI
Guidelines in this regard.
12.2 During the year under review, the Bank has complied with all
requirements regarding capital market related matters and
no penalties were imposed nor were any strictures passed
against the Bank by SEBI, Stock Exchanges or any other
statutory authorities for non-compliance of any law, guidelines
and directives or any matter related to Capital Market during
last three years except the penalty imposed by the Reserve
Bank of India on Bank which is disclosed in point no.9.6 of
Schedule 18 of the financial statements for FY 2020-21.
12.3 The Management Discussion and Analysis forms part of the
Board of Directors’ Report.
12.4 CEO and CFO Certification:
The Chief Executive Officer and the Chief Financial Officer of
the Bank have given certification on financial reporting and
internal controls of Bank for the financial year 2020-21 to the
Board of Directors at their meeting held on 29th April, 2021 as
required under regulation 17(8) of SEBI (LODR), Regulations,
2015.
12.5 Bank had framed Whistle Blower Policy based on Government
of India Resolution on Public Interest Disclosure & Protection
of Informer (PIDPI) and same is available on Bank’s website
i.e. www.bankofmaharashtra.in. It is further stated that
no employee has been denied access to the appropriate
authorities.
12.6 Bank had framed Dividend Distribution Policy and same is
available on Bank’s website i.e. www.bankofmaharashtra.in
12.7 Bank had adopted Code of Conduct for its Directors and
Senior Management and same is available on Bank’s website
i.e. www.bankofmaharashtra.in.
Jeeef<e&keÀ efjHeesì& 2020-21
12.8 ¤¸ÿˆÅ ›¸½ Ÿ¸’½¢£¡¸¥¸ ¬¸¦¤¬¸¢”¡¸£ú ›¸ú¢÷¸ ÷¸¾¡¸¸£ ˆÅú í¾ ‚¸¾£ ƒ¬¸½ ¤¸ÿˆÅ ˆÅú ¨¸½¤¸¬¸¸ƒ’
www.bankofmaharashtra.in œ¸£ „œ¸¥¸¤š¸ ˆÅ£¸¡¸¸ Š¸¡¸¸ í¾, ÷¸˜¸¸¢œ¸
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12.9 ¤¸ˆÅ¸¡¸¸ ¨¸¾¢æ¸ˆÅ ¢”œ¸¸Á¢]¸’£ú £¬¸ú™Ê ¡¸¸ ‚Ÿ¸½¢£ˆÅú ¢”œ¸¸Á¢]¸’£ú £¬¸ú™Ê ¡¸¸ ¨¸¸£¿’ ¡¸¸ ˆÅ¸½ƒÄ
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12.10 ˆÅŸ¸¸½¢”’ú Ÿ¸»¥¡¸ ]¸¸½¢‰¸Ÿ¸ ¡¸¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ]¸¸½¢‰¸Ÿ¸ ‚¸¾£ í½¢]¸¿Š¸ Š¸¢÷¸¢¨¸¢š¸¡¸¸ÂÀ
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¤¸ÿˆÅ ׸£¸ œ¸»¿]¸ú œ¸¡¸¸Äœ÷¸÷¸¸ ‚¸¾£ ‚œ¸›¸½ ¨¡¸¨¸¬¸¸¡¸ ¨¸¼¢Ö ¢›¸¢š¸ Ÿ¸Ê ¬¸ºš¸¸£ í½÷¸º ¨¸«¸Ä
2020-21 ˆ½Å ™¸¾£¸›¸ „Š¸¸íú Š¸ƒÄ ¢›¸¢š¸¡¸¸Ê ˆÅ¸ „œ¸¡¸¸½Š¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
12.12 ¥¸¸Š¸» ¬¸úŸ¸¸ ÷¸ˆÅ ¬¸½¤¸ú (¬¸»\¸ú ¢›¸š¸¸Ä£µ¸ ‚¸¾£ œÏˆÅ’úˆÅ£µ¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‡Â)
¢¨¸¢›¸¡¸Ÿ¸, 2015 ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ¬¸¸˜¸ ‚›¸ºœ¸¸¥¸›¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¬¸¸¿¢¨¸¢š¸ˆÅ ˆÊÅÍú¡¸
¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê (‡¬¸¬¸ú‡) ׸£¸ ]¸¸£ú œÏŸ¸¸µ¸œ¸°¸, ¨¸¸¢«¸ÄˆÅ ¢£œ¸¸½’Ä ˆÅ¸ ‡ˆÅ ž¸¸Š¸
¢›¸¢Ÿ¸Ä÷¸ ˆÅ£÷¸¸ í¾—
12.13 ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ ¬¸¢\¸¨¸ú¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸À
¢¥¸¦¬’¿Š¸ ¢¨¸¢›¸¡¸Ÿ¸¸Ê ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ‚›¸º¬¸¸£ 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ íº‡ ¢¨¸î¸ú¡¸
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‡¿” ]¸¸½©¸ú (œ¸»¨¸Ä Ÿ¸½¿ Ÿ¸¾¬¸¬¸Ä ‚¸œ’½ ]¸¸½©¸ú ‡¿” ‡¬¸¸½¢¬¸‡’ì¸, ˆ½Å ›¸¸Ÿ¸ ¬¸½ ]¸¸›¸½ ]¸¸÷¸½
˜¸½) œÏ¾¦Æ’¢¬¸¿Š¸ ˆ¿Åœ¸›¸ú ¬¸½ÇŽ ’£ú, œ¸ºµ¸½ ˆ½Å ªú £¸‹¸¨¸ÊÍ ]¸½. ]¸¸½©¸ú ˆÅ¸½ ‡ˆÅ ¬¸¢\¸¨¸ú¡¸
¥¸½‰¸¸ œ¸£ú®¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢›¸¡¸ºÆ÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ˜¸¸— ûÅŸ¸Ä ׸£¸ ¬¸¢\¸¨¸ú¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸
ˆ½Å ‡ˆÅ ž¸¸Š¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¬¸½¤¸ú ¢¥¸¦¬’¿Š¸ ¢¨¸¢›¸¡¸Ÿ¸, ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸¢›¸¡¸¸Â („œ¸ÇÅŸ¸¸Ê ˆÅ¸
‚¢š¸ŠÏíµ¸ ‚¸¾£ í¬÷¸¸¿÷¸£µ¸) ‚¢š¸¢›¸¡¸Ÿ¸, 1970 ‚¸¾£ ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸, 1949 ˆ½Å
‚›¸ºœ¸¸¥¸›¸ ˆÅ¸ ‡ˆÅ ¬¨¸÷¸¿°¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— ¤¸ÿˆÅ ˆ½Å ¬¸™¬¡¸¸Ê ˆÅ¸½ ¬¸¿¤¸¸½¢š¸÷¸
¬¸¢\¸¨¸ú¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ¢£œ¸¸½’Ä ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¢£œ¸¸½’Ä ˆ½Å ‡ˆÅ ‚›¸º¥¸Š›¸ˆÅ ˆ½Å ³Åœ¸
Ÿ¸Ê ƒ¬¸ ¨¸¸¢«¸ÄˆÅ ¢£œ¸¸½’Ä ˆÅ¸ ‡ˆÅ ¢í¬¬¸¸ ¢›¸¢Ÿ¸Ä÷¸ ˆÅ£÷¸ú í¾—
12.14 ˆ¿Åœ¸›¸ú ¬¸¢\¸¨¸ ¬¸½ ‡ˆÅ œÏŸ¸¸µ¸œ¸°¸ ˆÅ¸ œÏ\¸¥¸›¸ í¾ ¢ˆÅ ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£
¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä/ ˆÅ¸£œ¸¸½£½’ ˆÅ¸¡¸Ä Ÿ¸¿°¸¸¥¸¡¸ ¡¸¸ ƒ¬¸œÏˆÅ¸£ ˆÅú ¢ˆÅ¬¸ú ‚›¡¸ ¬¸¸¿¢¨¸¢š¸ˆÅ
¬¸¿¬˜¸¸ ׸£¸ ¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆ½Å ¢ˆÅ¬¸ú ž¸ú ¢›¸™½©¸ˆÅ ˆÅ¸½ ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸
Ÿ¸Ê ¢›¸¡¸ºÆ÷¸ ¡¸¸ œ¸™ œ¸£ ¤¸›¸½ £í›¸½ ¬¸½ ¨¸¿¢\¸÷¸ ¡¸¸ ‚¡¸¸½Š¡¸ ˆÅ£¸£ ›¸íú¿ ¢™¡¸¸ Š¸¡¸¸
í¾— œÏ\¸¥¸›¸ ˆ½Å ‚›¸º¬¸¸£ ˆ¿Åœ¸›¸ú ¬¸¢\¸¨¸ ¬¸½ ¡¸í œÏŸ¸¸µ¸œ¸°¸ œÏ¸œ÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ‚¸¾£
„¬¸½ ƒ¬¸ ¢£œ¸¸½’Ä ˆ½Å ¬¸¸˜¸ ¬¸¿¥¸Š›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
12.15 ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ‡½¬¸ú ˆÅ¸½ƒÄ ž¸ú ‹¸’›¸¸ ‹¸¢’÷¸ ›¸íú¿ íºƒÄ, ¢]¸¬¸Ÿ¸Ê
¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ›¸½ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ¢ˆÅ¬¸ú ¬¸¢Ÿ¸¢÷¸ ˆÅú ¢ˆÅ¬¸ú ¢¬¸ûŸ¢£©¸ ˆÅ¸½ ›¸íú¿
Ÿ¸¸›¸¸ í¸½—
12.16 ¬¸¸¿¢¨¸¢š¸ˆÅ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ ¢]¸¬¸ ›¸½’¨¸ˆÄÅ ûÅŸ¸Ä/ ›¸½’¨¸ˆÄÅ ƒˆÅ¸ƒÄ ¬¸½
¬¸¿¤¸¿¢š¸÷¸ íÿ, „¬¸ˆ½Å ¬¸ž¸ú ¬¸¸¿¢¨¸¢š¸ˆÅ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ‚¸¾£ ¬¸ž¸ú ƒˆÅ¸ƒÄ¡¸¸Ê
ˆÅ¸½ ¬¸Ÿ¸½¢ˆÅ÷¸ ‚¸š¸¸£ œ¸£ ¬¸»\¸ú¤¸Ö ƒˆÅ¸ƒÄ ‚¸¾£ „¬¸ˆÅú ¬¸í¸¡¸ˆÅ
ˆ¿Åœ¸¢›¸¡¸¸¿ ׸£¸ ™ú Š¸ƒÄ ¬¸½¨¸¸‚¸Ê í½÷¸º ˆºÅ¥¸ ©¸º¥ˆÅ À
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ ¬¸¸¿¢¨¸¢š¸ˆÅ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ˆÅ¸½ œÏ™î¸ ©¸º¥ˆÅ ¬¸½
¬¸¿¤¸¿¢š¸÷¸ ¤¡¸¸½£½ ¬’ÿ”‚¥¸¸½›¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ ‚¸¾£ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú
‚›¸º¬¸»\¸ú 16 Ÿ¸Ê ¢™‡ Š¸‡ íÿ—
12.17 ˆÅ¸¡¸Ä¬˜¸¥¸ œ¸£ Ÿ¸¢í¥¸¸‚¸Ê ˆ½Å ¡¸¸¾›¸ „÷œ¸ú”õ›¸ (£¸½ˆÅ˜¸¸Ÿ¸, ¢›¸«¸½š¸ ‚¸¾£
¢›¸¨¸¸£µ¸) ‚¢š¸¢›¸¡¸Ÿ¸, 2013 ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê œÏˆÅ’›¸ À
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ™¸¡¸£ ‚¸¾£ ¢›¸œ¸’¸ƒÄ Š¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ ‚¸¾£ 31 Ÿ¸¸\¸Ä,
2021 ÷¸ˆÅ ¥¸¿¢¤¸÷¸ ¢¨¸¨¸£µ¸ ¢›¸™½©¸ˆÅ¸Ê ˆÅú ¢£œ¸¸½’Ä Ÿ¸Ê ¢™‡ Š¸‡ íÿ—
12.18 ‚¢›¸¨¸¸¡¸Ä ‚¸¾£ Š¸¾£- ‚¢›¸¨¸¸¡¸Ä ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆ½Å ‚›¸ºœ¸¸¥¸›¸ ˆ½Å
¤¡¸¸½£½ À
¤¸ÿˆÅ ›¸½ ¥¸¸Š¸» ¬¸úŸ¸¸ ÷¸ˆÅ ¬¸»\¸ú¤¸Ö ¢¨¸¢›¸¡¸Ÿ¸¸Ê ˆÅú ¢¨¸¢›¸¡¸Ÿ¸ 46 ˆ½Å „œ¸-¢¨¸¢›¸¡¸Ÿ¸
(2) ˆ½Å ‰¸¿” (‰¸) ¬¸½ (i) ‚¸¾£ ¢¨¸¢›¸¡¸Ÿ¸ 17 ¬¸½ 27 Ÿ¸Ê ¢›¸¢™Ä«’ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê
63
12.8 Bank had formulated Material Subsidiary Policy and same
is available on Bank’s website i.e. www.bankofmaharashtra.
in. However, Bank does not have any material subsidiary at
present.
12.9 Outstanding Global depository receipts or American depository
receipts or warrants or any convertible instruments, conversion
date and likely impact on equity: Not applicable
12.10 Commodity price risk or foreign exchange risk and hedging
activities:
Disclosure is provided in Schedule No. 18 - Notes to Accounts.
12.11 Details of utilization of funds raised through preferential
allotment or qualified institutions placement as specified under
Regulation 32 (7A).
Bank had utilized the funds raised during FY 2020-21 to
improve the capital adequacy and fund its business growth.
12.12 The Certificate issued by Statutory Central Auditors (SCAs)
in respect of compliance with the provisions of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015
to the extent applicable forms part of the Annual Report.
12.13 Secretarial Audit for Financial Year 2020-21:
M/s. Joshi & Joshi (formerly known of M/s Apte Joshi &
Associates), Practicing Company Secretaries, Pune, was
appointed as a Secretarial Auditor to conduct Secretarial
Audit of the Bank for the financial year ended March 31, 2021
as per the provisions of Listing Regulations. The firm has
carried out an independent assessment of the compliance of
Banking Regulations, 1949, Banking Companies (Acquisition
and Transfer of Undertakings) Act, 1970 and SEBI Listing
Regulations as a part of the secretarial audit. The Secretarial
Audit Report addressed to the members of the Bank forms part
of this Annual Report as an annexure to the Board’s report.
12.14 A Certificate from Company Secretary in practice that
none of the Directors on the Board of the Bank have been
debarred or disqualified from being appointed or continuing
as directors by the Securities and Exchange Board of India
/Ministry of Corporate Affairs or any such statutory authority.
The Certificate obtained from Company Secretary in practice
in annexed to this report.
12.15 There was no such instance during FY 2020-21 when the Board
had not accepted any recommendation of any committee of
the Board.
12.16 Total fees for all services paid by the listed entity and its
subsidiaries, on a consolidated basis to the Statutory
Auditors and all entities in the network firm/network entity
of which the statutory auditor is a part:
Details relating to fees paid to the Statutory Auditors during
the financial year 2020-21 are disclosed in Schedule 16 of the
Standalone Financial Statements and Consolidated Financial
Statements of Bank.
12.17 Disclosures in relation to the Sexual Harassment of Women
at Workplace (Prevention, Prohibition and Redressal) Act,
2013:
The details of number of complaints filed and disposed of
during the year and pending as on 31st March, 2021 is given in
the Directors’ report.
12.18 Details of compliance with mandatory and non - mandatory
requirements:
The Bank has duly complied with the requirements specified in
Regulations 17 to 27 and clauses (b) to (i) of sub- regulation
 Annual Report 2020-21

ˆÅ¸ ¢¨¸¢š¸¨¸÷¸ ‚›¸ºœ¸¸¥¸›¸ ¢ˆÅ¡¸¸ í¾— (2) of Regulation 46 of the Listing Regulations to the extent
applicable.
¤¸ÿˆÅ ¢¨¸î¸ Ÿ¸¿°¸¸¥¸¡¸, ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆ½Å œÏ©¸¸¬¸¢›¸ˆÅ ¢›¸¡¸¿°¸µ¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‡ˆÅ Bank is a Public Sector Undertaking under the administrative
¬¸¸¨¸Ä]¸¢›¸ˆÅ ®¸½°¸ ˆÅ¸ „œ¸ÇÅŸ¸ í¾, ©¸½¡¸£š¸¸£ˆÅ ¢›¸™½©¸ˆÅ ˆÅú ¢›¸¡¸º¢Æ÷¸ ˆ½Å ‚¢÷¸¢£Æ÷¸ control of Ministry of Finance, Government of India. The
¤¸ÿˆÅ ˆ½Å ¤¸¸½”Ä Ÿ¸Ê ¢›¸™½©¸ˆÅ¸Ê ˆÅú ¬¸ž¸ú ª½¢µ¸¡¸¸Ê ˆÅ¸ ›¸¸Ÿ¸¸¿ˆÅ›¸/ ¢›¸¡¸º¢Æ÷¸ ž¸¸£÷¸ú¡¸ nomination / appointment of all categories of Directors on
¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸¢›¸¡¸¸¿ („œ¸ÇÅŸ¸¸Ê ˆ½Å ‚¢š¸ŠÏíµ¸ ‚¸¾£ í¬÷¸¸¿÷¸£µ¸) ‚¢š¸¢›¸¡¸Ÿ¸, 1970 the Board of Bank are done by the Government of India in
accordance with provisions of the Banking Companies
ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ׸£¸ ˆÅú ]¸¸÷¸ú í¾— (Acquisition and Transfer of Undertakings) Act, 1970 except
the appointment of Shareholder Director.
ˆ¿Åœ¸›¸ú ›¸½ ¬¸½¤¸ú ¢¥¸¦¬’¿Š¸ ¢¨¸¢›¸¡¸Ÿ¸¸Ê ˆ½Å ¢¨¸¢›¸¡¸Ÿ¸›¸ 27 (1) ˆ½Å ¬¸¿™ž¸Ä Ÿ¸Ê ›¸ú\¸½
The Company has adopted the below specified non-mandatory
¢›¸¢™Ä«’ Š¸¾£-‚¢›¸¨¸¸¡¸Ä ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅ¸½ ‚œ¸›¸¸¡¸¸ í¾— requirements in terms of Regulation 27(1) of SEBI Listing
Regulations:
ÇÅ. Š¸¾£-‚¢›¸¨¸¸¡¸Ä ‚¸¨¸©¡¸ˆÅ÷¸¸‡¿ ‚›¸ºœ¸¸¥¸›¸ ˆÅú ¦¬˜¸¢÷¸
Sr. Non-mandatory
ˆÅ. ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ Status of compliance
No. Requirements
¬¸»\¸ú¤¸Ö ƒˆÅ¸ƒÄ ˆ½Å ‰¸\¸Ä œ¸£ ¤¸ÿˆÅ Ÿ¸Ê ˆÅ¸½ƒÄ Š¸¾£-ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ
‚š¡¸®¸ ›¸íú¿ í¸½›¸½ ˆ½Å ˆÅ¸£µ¸ ¤¸ÿˆÅ A. The Board
‚š¡¸®¸ ˆ½Å ˆÅ¸¡¸¸Ä¥¸¡¸ ˆÅ¸½ ¤¸›¸¸‡
A non-executive chairperson The Board is chaired by MD
£‰¸›¸½ ˆ½Å ¢¥¸‡ ‡ˆÅ Š¸¾£- ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú ‚š¡¸®¸÷¸¸
may be entitled to maintain & CEO of Bank as Bank is
ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ‚š¡¸®¸ ˆÅ¸ íˆÅ™¸£ í¸½ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½ ׸£¸
a chairperson’s office at the not having a non-executive
¬¸ˆÅ÷¸¸ í¾ ‚¸¾£ ‚œ¸›¸½ ˆÅ÷¸Ä¨¡¸¸Ê ˆ½Å ˆÅú ]¸¸÷¸ú í¾— listed entity’s expense and Chairperson.
¢›¸«œ¸¸™›¸ Ÿ¸Ê ¢ˆÅ‡ Š¸‡ ‰¸\¸¸½ô ˆÅú also allowed reimbursement
œÏ¢÷¸œ¸»¢÷¸Ä í½÷¸º ‚›¸ºŸ¸¢÷¸ ž¸ú ™ú ]¸¸ of expenses incurred in
¬¸ˆÅ÷¸ú í¾— performance of his duties.
‰¸. ©¸½¡¸£š¸¸£ˆÅ ˆ½Å ‚¢š¸ˆÅ¸£ B. Shareholder Rights
¢œ¸Ž¥¸½ Ží Ÿ¸íú›¸¸Ê Ÿ¸Ê Ÿ¸í÷¨¸œ¸»µ¸Ä ¤¸ÿˆÅ ˆ½Å ¢÷¸Ÿ¸¸íú/ ŽŸ¸¸íú/ ¨¸¸¢«¸ÄˆÅ A half-yearly declaration The Quarterly/ Half yearly
‹¸’›¸¸‚¸Ê ˆ½Å ¬¸¸£¸¿©¸ ¬¸¢í÷¸ ¢¨¸î¸ú¡¸ ¢¨¸î¸ú¡¸ œ¸¢£µ¸¸Ÿ¸ ‡›¸‡¬¸ƒÄ ‚¸¾£ of financial performance / Annual Financial Results
œÏ™©¸Ä›¸ ˆÅú ŽŸ¸¸íú ‹¸¸½«¸µ¸¸ œÏ÷¡¸½ˆÅ ¤¸ú‡¬¸ƒÄ ˆÅ¸½ œÏ¬÷¸º÷¸ ¢ˆÅ‡ ]¸¸÷¸½ íÿ including summary of the of Bank are submitted to
©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅ¸½ œÏ½¢«¸÷¸ ˆÅú ]¸¸ ÷¸˜¸¸ ¬¸Ÿ¸¸\¸¸£ œ¸°¸¸Ê Ÿ¸Ê œÏˆÅ¸¢©¸÷¸ ¢ˆÅ‡ significant events in last six- NSE & BSE & published in
¬¸ˆÅ÷¸ú í¾— ]¸¸÷¸½ íÿ ‡¨¸¿ ¤¸ÿˆÅ ˆÅú ¨¸½¤¸¬¸¸ƒ’ œ¸£ months, may be sent to each Newspapers and placed on
œÏ™¢©¸Ä÷¸ ¢ˆÅ‡ ]¸¸÷¸½ íÿ— ©¸½¡¸£š¸¸£ˆÅ¸Ê household of shareholders. Bank’s website. As such,
ˆÅ¸½ ¨¡¸¢Æ÷¸Š¸÷¸ ³Åœ¸ ¬¸½ ƒ¬¸œÏˆÅ¸£ ˆÅú information to Shareholders
]¸¸›¸ˆÅ¸£ú ›¸íú¿ ž¸½]¸ú ]¸¸÷¸ú í¾— is not sent individually.

Š¸. ‚¸Á¢”’ ¢£œ¸¸½’Ä Ÿ¸Ê ¬¸¿©¸¸½¢š¸÷¸ £¸¡¸ C. Modified opinion(s) in audit

¬¸»\¸ú¤¸Ö ¬¸¿¬˜¸¸ ‚¬¸¿©¸¸½¢š¸÷¸
¥¸½‰¸¸œ¸£ú®¸¸ £¸¡¸ ˆ½Å ¬¸¸˜¸ ¢¨¸î¸ú¡¸
¢¨¸¨¸£µ¸¸Ê ˆÅú ‚¸½£ ‚ŠÏ¬¸£ í¸½
¬¸ˆÅ÷¸ú í¾—
‹¸. ‚š¡¸®¸ ‚¸¾£ Ÿ¸º‰¡¸ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ
‚¢š¸ˆÅ¸£ú ˆ½Å ¢¥¸‡ ‚¥¸Š¸-
‚¥¸Š¸ œ¸™
¬¸»\¸ú¤¸Ö ¬¸¿¬˜¸¸ ‚š¡¸®¸ ‚¸¾£ œÏ¤¸¿š¸
¢›¸™½©¸ˆÅ ¡¸¸ Ÿ¸º‰¡¸ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ
‚¢š¸ˆÅ¸£ú ˆ½Å œ¸™ œ¸£ ‚¥¸Š¸-
‚¥¸Š¸ ¨¡¸¢Æ÷¸¡¸¸Ê ˆÅ¸½ ¢›¸¡¸ºÆ÷¸ ˆÅ£
¬¸ˆÅ÷¸ú í¾—
”õ. ‚¸¿÷¸¢£ˆÅ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ ˆÅú
¢£œ¸¸½¢’ôŠ¸
‚¸¿÷¸¢£ˆÅ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ ¬¸úš¸½
¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ˆÅ¸½ ¢£œ¸¸½’Ä
ˆÅ£ ¬¸ˆÅ÷¸½ íÿ—
report There is no qualification in the
¤¸ÿˆÅ ˆ½Å ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ˆÅú ¢£œ¸¸½’Ä The listed entity may move Auditors report of the Bank.
Ÿ¸Ê ˆÅ¸½ƒÄ œ¸¸°¸÷¸¸ ›¸íú¿ í¾— towards a regime of financial
statements with unmodified
audit opinion.
D. Separate posts of
chairperson and chief
executive officer
‚š¡¸®¸ ‚¸¾£ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ The listed entity may appoint The post of Chairman and
¬¸úƒÄ‚¸½ ˆ½Å œ¸™ ¢¨¸ž¸Æ÷¸ ˆÅ£ ¢™‡ separate persons to the post MD & CEO has been split.
Š¸‡ íÿ— ¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ of chairperson and managing The Chairman on the Board
Ÿ¸Ê ‚š¡¸®¸ ˆÅú ¢›¸¡¸º¢Æ÷¸ ž¸¸£÷¸ director or chief executive of Bank will be appointed by
¬¸£ˆÅ¸£ ׸£¸ ˆÅú ]¸¸‡Š¸ú— officer. Government of India.
E. Reporting of Internal
auditor
The internal auditor may General Manager (Inspection
Ÿ¸í¸œÏ¤¸¿š¸ˆÅ (¢›¸£ú®¸µ¸ ¨¸ ¥¸½‰¸¸ report directly to the audit & Audit) directly reports to
œ¸£ú®¸¸) ¬¸úš¸½ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆÅú committee. the Audit Committee of the
¥¸½‰¸¸ œ¸£ú®¸¸ ˆÅ¸½ ¢£œ¸¸½’Ä ˆÅ£÷¸½ íÿ— Board.

12.19 ©¸½¡¸£š¸¸£ˆÅ¸Ê ¬¸½ ¬¸¿œÏ½«¸µ¸ Ÿ¸Ê í¢£÷¸ œ¸í¥¸ À
``í¢£÷¸ œ¸í¥¸'' ˆ½Å ‚¿÷¸Š¸Ä÷¸ ˆÅ¸Áœ¸¸½Ä£½’ Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å Ÿ¸¿°¸¸¥¸¡¸ ›¸½ ‚œ¸›¸½ ¢™›¸¸¿ˆÅ
21.04.2011 ˆ½Å ¬¸¿œÏ½«¸µ¸ ÇÅ.17/95/2011 ¬¸ú‡¥¸-¨¸ú/œ¸¢£.ÇÅ.17 ÷¸˜¸¸
¢™›¸¸¿ˆÅ 29.04.2011 ˆ½Å ÇÅ. 18/95/2011 ׸£¸ ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅ¸½ ƒ¥¸½Æ’︢›¸ˆÅ
Ÿ¸¸½” ¬¸½ ¬¸¿œÏ½«¸µ¸ ž¸½]¸›¸½ ˆÅú ‚›¸ºŸ¸¢÷¸ ™ú í¾— ƒ¬¸ˆÅ¸ ‚›¸º¬¸£µ¸ ˆÅ£÷¸½ íº‡, ¤¸ÿˆÅ
›¸½ ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅ¸½ œ¸°¸/ Ÿ¸½¥¸ ž¸½]¸÷¸½ íº‡ ‚›¸º£¸½š¸ ¢ˆÅ¡¸¸ ¢ˆÅ ¨¸½ ‚œ¸›¸½ ƒÄ-Ÿ¸½¥¸
‚¸ƒÄ”ú ˆÅú ¤¸ÿˆÅ ˆÅ¸½ ]¸¸›¸ˆÅ¸£ú ™Ê / ‚Ô¸¢÷¸÷¸ ˆÅ£Ê, ÷¸¸¢ˆÅ ¤¸ÿˆÅ ˆÅú ‚¸½£ ¬¸½
©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅ¸½ ¬¸»\¸›¸¸/ ¬¸¿œÏ½«¸µ¸/ ™¬÷¸¸¨¸½]¸ ƒ¥¸½Æ’︢›¸ˆÅ Ÿ¸¸½” ¬¸½ ž¸½]¸½ ]¸¸ ¬¸ˆÊÅ—
¢™›¸¸¿ˆÅ 11 ‚Š¸¬÷¸, 2020 ˆÅ¸½ ¬¸¿œ¸››¸ ¤¸ÿˆÅ ˆ½Å ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅú ¬¸¸½¥¸í¨¸ú¿ ¨¸¸¢«¸ÄˆÅ
¬¸¸š¸¸£µ¸ ¤¸¾“ˆÅ ˆÅú ¬¸»\¸›¸¸ 125628 ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆÅ¸½ ƒ¥¸½Æ’︢›¸ˆÅ Ÿ¸¸½” ¬¸½ ž¸½]¸ú
Š¸ƒÄ—
12.19 Green Initiatives in communication to the Shareholders:
The Ministry of Corporate Affairs, vide its communications
No. 17/95/2011 CL-v/Cir No.17 dated 21.04.2011 and No.
18/95/2011, dated 29.04.2011 has allowed sending the
communications to the shareholders by electronic mode, as
matter of “Green Initiative”. Falling in line with this, the Bank
has sent letters/mails to the shareholders, requesting them to
inform/ update their email Ids to enable the Bank to send the
notices/ communications/ documents to the shareholders by
electronic mode. The notices of the Sixteenth Annual General
Meeting of the Shareholders of the Bank held on 11th August,
2020 were sent to 125628 shareholders by electronic mode.

64
Jeeef<e&keÀ efjHeesì& 2020-21
œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½ ˆÅ¸ œÏŸ¸¸µ¸œ¸°¸ / ‹¸¸½«¸µ¸¸
Ÿ¸ÿ ‹¸¸½¢«¸÷¸ ˆÅ£÷¸¸ í»¿ ¢ˆÅ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ›¸½ ¬¸½¤¸ú (¢¥¸¦¬’¿Š¸ ‚¢›¸¨¸¸¡¸Ä÷¸¸‡¿ ‚¸¾£ œÏˆÅ’›¸
‚¸¨¸©¡¸ˆÅ÷¸¸‡¿) ¢¨¸¢›¸¡¸Ÿ¸, 2015 ˆ½Å ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆ½Å ¬¸ž¸ú ¬¸™¬¡¸¸Ê ‚¸¾£
¤¸ÿˆÅ ˆ½Å ¨¸¢£«“ œÏ¤¸¿š¸›¸ ˆÅ¢Ÿ¸Ä¡¸¸Ê ˆ½Å ¢¥¸‡ ‚¸\¸¸£ ¬¸¿¢í÷¸¸ (ˆÅ¸½” ‚¸ÁûÅ ˆ¿Å”Æ’) ¢›¸š¸¸Ä¢£÷¸ ˆÅú
í¾— ‚¸\¸¸£ ¬¸¿¢í÷¸¸ ¤¸ÿˆÅ ˆÅú ¨¸½¤¸¬¸¸ƒ’ œ¸£ ž¸ú œÏ™¢©¸Ä÷¸ ˆÅú Š¸ƒÄ í¾—
Ÿ¸ÿ ¡¸í ž¸ú ‹¸¸½¢«¸÷¸ ˆÅ£÷¸¸ í»Â ¢ˆÅ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆ½Å ¬¸ž¸ú ¬¸™¬¡¸ ‚¸¾£ ¤¸ÿˆÅ ˆ½Å ¬¸ž¸ú ¨¸¢£«“
œÏ¤¸¿š¸›¸ ˆÅ¢Ÿ¸Ä¡¸¸Ê ›¸½ 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ‚¸\¸¸£¬¸¿¢í÷¸¸ ˆ½Å œ¸¸¥¸›¸ ˆÅú
œ¸º¦«’ ˆÅú í¾—
ˆ¼Å÷¸½ ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï
¢™›¸¸¿ˆÅ À 29 ‚œÏ¾¥¸, 2021 (‡. ‡¬¸. £¸]¸ú¨¸)
¬˜¸¸›¸ À œ¸ºµ¸½ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½
¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï ˆ½Å ©¸½¡¸£š¸¸£ˆÅ¸Ê ˆ½Å ¢¥¸‡
¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ˆÅ¸ œÏŸ¸¸µ¸œ¸°¸
¬¸™¬¡¸Š¸µ¸
¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï,
1501, ¥¸¸½ˆÅŸ¸¿Š¸¥¸,
¢©¸¨¸¸]¸ú ›¸Š¸£, œ¸ºµ¸½ - 411005
ퟸ›¸½ ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (¬¸»\¸ú¤¸Ö÷¸¸ ‚¢›¸¨¸¸÷¸¸Ä‡Â ‚¸¾£ œÏˆÅ’úˆÅ£µ¸
‚¸¨¸©¡¸ˆÅ÷¸¸‡Â) ¢¨¸¢›¸¡¸Ÿ¸, 2015 ˆÅú ¥¸¸Š¸» ¬¸úŸ¸¸ ÷¸ˆÅ 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¢¨¸î¸ú¡¸
¨¸«¸Ä ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï (‡÷¸™×¸£¸ ¤¸¸™ Ÿ¸Ê "¤¸ÿˆÅ" ˆ½Å ³Åœ¸ Ÿ¸Ê ¬¸¿™¢ž¸Ä÷¸) ׸£¸
ˆÅ¸Á£œ¸¸½£½’ Š¸¨¸›¸½ô¬¸ ˆÅú ©¸÷¸¸½ô ˆ½Å ‚›¸ºœ¸¸¥¸›¸ ˆÅú ]¸¸¿\¸ ˆÅú í¾—
ˆÅ¸Á£œ¸¸½£½’ Š¸¨¸›¸½ô¬¸ ˆÅú ©¸÷¸¸½ô ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ œÏ¤¸¿š¸›¸ ˆÅú ¢]¸ŸŸ¸½™¸£ú í¾— ퟸ¸£¸ œ¸£ú®¸µ¸
ˆÅ¸£œ¸¸½£½’ Š¸¨¸›¸½ô¬¸ ˆÅú ©¸÷¸¸½ô ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ׸£¸ ‚œ¸›¸¸ƒÄ Š¸ƒÄ
œÏ¢ÇÅ¡¸¸‚¸Ê ‚¸¾£ „¬¸ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ÷¸ˆÅ ¬¸ú¢Ÿ¸÷¸ ˜¸¸— ¡¸í ›¸ ÷¸¸½ ¥¸½‰¸¸ œ¸£ú®¸¸ í¾ ‚¸¾£ ›¸ íú ¤¸ÿˆÅ
ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê œ¸£ ퟸ¸£½ Ÿ¸÷¸ ˆÅú ‚¢ž¸¨¡¸¢Æ÷¸ í¾—
ퟸ œÏŸ¸¸¢µ¸÷¸ ˆÅ£÷¸½ íÿ ¢ˆÅ ¤¸ÿˆÅ ›¸½ ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ‚¸¾£ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (¬¸»\¸ú¤¸Ö÷¸¸
‚¢›¸¨¸¸¡¸Ä÷¸¸‡Â ‚¸¾£ œÏˆÅ’úˆÅ£µ¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‡Â) ¢¨¸¢›¸¡¸Ÿ¸, 2015 ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸
ˆÅ¸Áœ¸¸½Ä£½’ Š¸¨¸›¸½ô¬¸ ˆÅú ©¸÷¸¸½ô ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ¢ˆÅ¡¸¸ í¾—
ퟸ¸£¸ ¡¸í ž¸ú ˆÅ˜¸›¸ í¾ ¢ˆÅ ƒ¬¸ ÷¸£í ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ›¸ ÷¸¸½ ˆ¿Åœ¸›¸ú ˆÅú ž¸¢¨¸«¡¸ ˆÅú ¨¡¸¨¸í¸¡¸Ä÷¸¸
ˆÅ¸ ‚¸æ¸¸¬¸›¸ í¾ ‚¸¾£ ›¸ íú „¬¸ ™®¸÷¸¸ ¡¸¸ œÏž¸¸¨¸©¸ú¥¸÷¸¸ ˆÅ¸, ¢]¸¬¸ˆ½Å ¬¸¸˜¸ œÏ¤¸¿š¸›¸ ›¸½ ˆ¿Åœ¸›¸ú
ˆ½Å Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸ ¬¸¿\¸¸¥¸›¸ ¢ˆÅ¡¸¸ í¾—
ˆ¼Å÷¸½ ]¸¸½©¸ú ‡¿” ]¸¸½©¸ú
(œ¸»¨¸Ä Ÿ¸Ê ‚¸œ’½ ]¸¸½©¸ú ‚¸¾£ ‚¬¸¸½¢¬¸‡’ ˆ½Å ›¸¸Ÿ¸ ¬¸½ ]¸¸›¸½ ]¸¸÷¸½ ˜¸½)
ˆ¿Åœ¸›¸ú ¬¸½Ç½Å’£ú
í«¸Ä¥¸ £¸‹¸¨¸ÊÍ ]¸¸½©¸ú
ž¸¸Š¸ú™¸£
‡ûŬ¸ú‡¬¸À 9897 ¬¸úœ¸úÀ 10450
¡¸»”ú‚¸ƒÄ‡›¸ À ‡œ¸€009897C000211615
¢™›¸¸¿ˆÅ : ‚œÏ¾¥¸ 29, 2021
¬˜¸¸›¸ : œ¸ºµ¸½
65
Certificate / Declaration of the Managing Director and CEO
I declare that the Board has laid down the Code of Conduct for all
Board Members and Senior Management Personnel of the Bank
in compliance with SEBI (Listing Obligations and Disclosures
Requirements), Regulations, 2015. The Code of Conduct is available
on the website of the Bank.
I further declare that all Board members and Senior Management
Personnel of the Bank have affirmed their compliance with the Code
of Conduct during the year ended 31st March, 2021.
For Bank of Maharashtra
Date: 29th April, 2021 (A.S. Rajeev)
Place: Pune Managing Director and CEO
Auditors’ Certificate to the Shareholders of
Bank of Maharashtra
The Members of
The Bank of Maharashtra
1501, Lokmangal,
Shivaji Nagar, Pune - 411005
We have examined the Compliance of conditions of Corporate
Governance by Bank of Maharashtra (hereinafter referred to as
the “The Bank”), for the financial year ended on March 31, 2021,
as stipulated in Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 to the
extent applicable.
The compliance of conditions of Corporate Governance is the
responsibility of the Management. Our examination was limited
to procedures and implementation thereof, adopted by the Bank
for ensuring the compliance of the conditions of the Corporate
Governance. It is neither an audit nor an expression of opinion on the
Financial Statements of the Bank.
We certify that the Bank has complied with the conditions of
Corporate Governance as stipulated in the provisions of the Securities
and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
We further state that such compliance is neither an assurance as to the
future viability of the Company nor the efficiency or effectiveness with
which the management has conducted the affairs of the Company.
For Joshi &Joshi,
(Formerly known as Apte Joshi & Associates),
Company Secretaries,
Harshal Raghavendra Joshi
Partner
FCS 9897, CP 10450
UDIN: F009897C000211615
Date: April 29,2021
Place: Pune

¬¸úƒÄ‚¸½/¬¸ú‡ûÅ‚¸½ œÏŸ¸¸µ¸œ¸°¸
[¢¨¸¢›¸¡¸Ÿ¸ 17(8)]
¬¸½¨¸¸ Ÿ¸Ê,
¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸
¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï
œ¸ºµ¸½
ퟸ œÏŸ¸¸¢µ¸÷¸ ˆÅ£÷¸½ íÿ ¢ˆÅ
ˆÅ. ퟸ›¸½ 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä í½÷¸º ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ‚¸¾£ ›¸ˆÅ™ú
œÏ¨¸¸í ¢¨¸¨¸£µ¸ ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅú í¾ ‚¸¾£ ퟸ¸£ú ¬¸¨¸¸½Ä¸ ]¸¸›¸ˆÅ¸£ú ‚¸¾£ ¢¨¸æ¸¸¬¸
ˆ½Å ‚›¸º¬¸¸£ À
(1) ƒ›¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ˆÅ¸½ƒÄ Š¸¿ž¸ú£ ‚¬¸÷¡¸ ˆÅ˜¸›¸ ›¸íú¿ í¾ ‚˜¸¨¸¸ ˆÅ¸½ƒÄ Ÿ¸í÷¨¸œ¸»µ¸Ä ÷¸˜¡¸
Ž»’¸ ›¸íú¿ í¾ ‚˜¸¨¸¸ ˆÅ¸½ƒÄ žÏ¸Ÿ¸ˆÅ ˆÅ˜¸›¸ ¬¸Ÿ¸¸¢¨¸«’ ›¸íú¿ í¾.
(2) ¡¸½ ¢¨¸¨¸£µ¸ ¬¸¦ŸŸ¸¢¥¸÷¸ ³Åœ¸ ¬¸½ ¤¸ÿˆÅ ˆ½Å Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅú ¬¸÷¡¸ ‚¸¾£ „¢\¸÷¸ Ž¢¨¸
œÏ¬÷¸º÷¸ ˆÅ£÷¸½ íÿ ÷¸˜¸¸ Ÿ¸¸¾]¸»™¸ ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ¸Ê, œÏ¡¸¸½]¡¸ ¢¨¸¢š¸¡¸¸Ê ‚¸¾£ ¢¨¸¢›¸¡¸Ÿ¸›¸¸Ê
ˆ½Å ‚›¸º¬¸¸£ íÿ.
‰¸. ퟸ¸£ú ¬¸¨¸¸½Ä¸ ]¸¸›¸ˆÅ¸£ú ‚¸¾£ ¢¨¸æ¸¸¬¸ ˆ½Å ‚›¸º¬¸¸£ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ˆÅ¸½ƒÄ
ž¸ú ‡½¬¸¸ ¥¸½›¸™½›¸ ›¸íú¿ ¢ˆÅ¡¸¸ í¾ ]¸¸½ ˆÅœ¸’œ¸»µ¸Ä, ‚¨¸¾š¸ ‚˜¸¨¸¸ ¤¸ÿˆÅ ˆÅú ‚¸\¸¸£
¬¸¿¢í÷¸¸ ˆ½Å ¢¨¸³ÅÖ í¸½.
Š¸. ퟸ ¢¨¸î¸ú¡¸ ¢£œ¸¸½¢’ôŠ¸ í½÷¸º ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸ ¬˜¸¸¢œ¸÷¸ ˆÅ£›¸½ ‚¸¾£ ƒ¬¸½ ¤¸›¸¸‡
£‰¸›¸½ ˆÅ¸ „™¸¢¡¸÷¨¸ ¬¨¸úˆÅ¸£ ˆÅ£÷¸½ íÿ ‚¸¾£ ¡¸í ¢ˆÅ ퟸ›¸½ ¢¨¸î¸ú¡¸ ¢£œ¸¸½¢’ôŠ¸
¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¤¸ÿˆÅ ˆÅú ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸ œÏµ¸¸¢¥¸¡¸¸Ê ˆÅú œÏž¸¸¨¸©¸ú¥¸÷¸¸ ˆÅ¸
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ í¾ ‚¸¾£ ‡½¬¸½ ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸ ˆ½Å œ¸¢£\¸¸¥¸›¸ ‚¸¾£ „¬¸ˆ½Å
¬¨¸³Åœ¸ ˆÅú ¢¨¸¬¸¿Š¸¢÷¸¡¸¸Ê ˆÅ¸½, ]¸¸½ ퟸ¸£ú ]¸¸›¸ˆÅ¸£ú Ÿ¸Ê íÿ ÷¸˜¸¸ „›íÊ œ¸¢£©¸¸½¢š¸÷¸
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ퟸ¸£½ ׸£¸ „“¸‡ Š¸‡/œÏ¬÷¸¸¢¨¸÷¸ ˆÅ™Ÿ¸¸Ê ˆÅ¸½ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê
‚¸¾£ ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ˆ½Å ¬¸Ÿ¸®¸ œÏˆÅ’ ¢ˆÅ¡¸¸ í¾.
‹¸. ퟸ›¸½ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ‚¸¾£ ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¢Ÿ¸¢÷¸ ˆÅ¸½ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ˆÅú ¬¸»\¸›¸¸
™ú í¾ À
(1) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢¨¸î¸ú¡¸ ¢£œ¸¸½¢’ôŠ¸ œ¸£ ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸ Ÿ¸Ê íº‡ Ÿ¸í÷¨¸œ¸»µ¸Ä
œ¸¢£¨¸÷¸Ä›¸.
(2) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¥¸½‰¸¸ ›¸ú¢÷¸¡¸¸Ê Ÿ¸Ê íº‡ Ÿ¸í÷¨¸œ¸»µ¸Ä œ¸¢£¨¸÷¸Ä›¸ ‚¸¾£ ¢]¸›¸ˆÅ¸
œÏˆÅ’›¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ¢’œœ¸¢µ¸¡¸¸Ê Ÿ¸Ê ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
(3) íŸ¸Ê ±¸¸÷¸ š¸¸½‰¸¸š¸”õú ˆÅú ¢¨¸©¸½«¸ ‹¸’›¸¸‡¿ ‚¸¾£ ¢]¸¬¸Ÿ¸Ê ¤¸ÿˆÅ ˆÅú ‚¸¿÷¸¢£ˆÅ
¢›¸¡¸¿°¸µ¸ œÏµ¸¸¥¸ú ‚¸¾£ ¢¨¸î¸ú¡¸ ¢£œ¸¸½¢’ôŠ¸ Ÿ¸Ê Ÿ¸í÷¨¸œ¸»µ¸Ä ž¸»¢Ÿ¸ˆÅ¸ ¨¸¸¥¸½
ˆÅŸ¸Ä\¸¸£ú ¡¸¸ œÏ¤¸¿š¸›¸, ¡¸¢™ ˆÅ¸½ƒÄ í¸½, ˆÅú ¬¸¿¢¥¸œ÷¸÷¸¸ ˆ½Å ´«’¸¿÷¸.
œ¸ú.‚¸£. ‰¸’¸¨¸ˆÅ£ ‡. ‡¬¸. £¸]¸ú¨¸
Ÿ¸í¸œÏ¤¸¿š¸ˆÅ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½
(¢¨¸î¸ú¡¸ œÏ¤¸¿š¸›¸ ‡¨¸¿ ¥¸½‰¸¸ (FM&A & CFO)
‚¸¾£ Ÿ¸º‰¡¸ ¢¨¸î¸ú¡¸ ‚¢š¸ˆÅ¸£ú)
¢™›¸¸¿ˆÅ À 29 ‚œÏ¾¥¸ 2021
¬˜¸¸›¸ À œ¸ºµ¸½
66
Annual Report 2020-21
CEO/ CFO Certificate
[Regulation 17(8)]
To the Board of Directors,
Bank of Maharashtra,
Pune
This is to certify that:
A. We have reviewed financial statements and the cash flow
statement for the year ended 31st March, 2021 and that to the
best of our knowledge and belief:
(1) These statements do not contain any materially untrue
statement or omit any material fact or contain statements
that might be misleading;
(2) These statements together present a true and fair view
of the Bank’s affairs and are in compliance with existing
accounting standards, applicable laws and regulations.
B. There are, to the best of our knowledge and belief, no transactions
entered into by the Bank during the year which are fraudulent,
illegal or violative of the Bank’s code of conduct.
C. We accept responsibility for establishing and maintaining internal
controls for financial reporting and that we have evaluated the
effectiveness of internal control systems of the Bank pertaining to
financial reporting and we have disclosed to the Auditors and the
Audit Committee, deficiencies in the design or operation of such
internal controls, if any, of which we are aware and the steps we
have taken or propose to take to rectify these deficiencies.
D. We have indicated to the Auditors and the Audit Committee.
(1) Significant changes in internal control over financial
reporting during the year;
(2) Significant changes in accounting policies during the year
and that the same have been disclosed in the notes to the
financial statements; and
(3) Instances of significant fraud of which we have become
aware and the involvement therein, if any, of the
management or an employee having a significant role in
the Bank’s internal control system over financial reporting.
P. R. Khatavkar A. S. Rajeev
General Manager Managing Director & CEO
Date: 29th April, 2021
Place: Pune
Jeeef<e&keÀ efjHeesì& 2020-21

CERTIFICATE OF NON-DISQUALIFICATION
¢›¸™½©¸ˆÅ¸Ê ˆÅ¸ Š¸¾£ ‚¡¸¸½Š¡¸÷¸¸ œÏŸ¸¸µ¸œ¸°¸ OF DIRECTORS
(Pursuant to Regulation 34(3) and Schedule V Para C clause (10)
¬¸½¤¸ú (¬¸»\¸ú¤¸Ö÷¸¸ ‚¢›¸¨¸¸¡¸Ä÷¸¸‡Â ‚¸¾£ œÏˆÅ’úˆÅ£µ¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‡¿) ¢¨¸¢›¸¡¸Ÿ¸,
(i) of the SEBI (Listing Obligations and Disclosure Requirements)
2015 ˆ½Å ¢¨¸¢›¸¡¸Ÿ¸ 34(3) ‚¸¾£ ‚›¸º¬¸»\¸ú V œ¸¢£Ž½™ ¬¸ú ‰¸¿” 10(i) ˆ½Å Regulations, 2015)
‚›¸º¬¸£µ¸ Ÿ¸Ê
¬¸™¬¡¸Š¸µ¸ The Members of
The Bank of Maharashtra,
¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï, 1501, Lokmangal,
1501, ¥¸¸½ˆÅŸ¸¿Š¸¥¸, ¢©¸¨¸¸]¸ú ›¸Š¸£, œ¸ºµ¸½ - 411005 Shivaji Nagar, Pune - 411004

ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”Ä (¬¸»\¸ú¤¸Ö÷¸¸ ‚¢›¸¨¸¸¡¸Ä÷¸¸‡Â ‚¸¾£ œÏˆÅ’úˆÅ£µ¸ We have examined the relevant registers, records, forms, returns
and disclosures received from the Directors of Bank of Maharashtra
‚¸¨¸©¡¸ˆÅ÷¸¸‡¿) ¢¨¸¢›¸¡¸Ÿ¸, 2015 ˆÅú ‚›¸º¬¸»\¸ú V œ¸¢£Ž½™ ¬¸ú ‰¸¿” 10(i) ˆ½Å ¬¸¸˜¸ (hereinafter referred to as ‘the Bank’) having Head office at
œ¸¢“÷¸ ¢¨¸¢›¸¡¸Ÿ¸ 34(3) ˆ½Å ‚›¸º¬¸¸£ ƒ¬¸ œÏŸ¸¸µ¸œ¸°¸ ˆÅ¸½ ]¸¸£ú ˆÅ£›¸½ ˆ½Å „Ó½©¡¸ ¬¸½ ퟸ›¸½ Lokmangal, 1501, Shivajinagar, Pune 411005, produced before us
¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï (¤¸¸™ Ÿ¸Ê '¤¸ÿˆÅ' ˆ½Å ³Åœ¸ Ÿ¸Ê ¬¸¿™¢ž¸Ä÷¸) ¢]¸¬¸ˆÅ¸ œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ by the Bank for the purpose of issuing this Certificate, in accordance
¥¸¸½ˆÅŸ¸¿Š¸¥¸, 1501, ¢©¸¨¸¸]¸ú›¸Š¸£, œ¸ºµ¸½ 411005 Ÿ¸Ê í¾, ˆ½Å ¢›¸™½©¸ˆÅ¸Ê ¬¸½ œÏ¸œ÷¸ with Regulation 34(3) read with Schedule V Para C clause 10(i) of
œÏˆÅ’úˆÅ£µ¸, ¬¸¿¤¸¦›š¸÷¸ £¢]¸¬’£, ¢£ˆÅ¸Á”,Ä ûŸÁŸ¸Ä ‚¸¾£ ¢¨¸¨¸£µ¸ú ˆÅú ]¸¸¿\¸ ˆÅú í¾— the Securities Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
ퟸ¸£ú £¸¡¸ Ÿ¸Ê ‚¸¾£ ퟸ¸£ú ¬¸¨¸¸½îÄ ¸Ÿ¸ ]¸¸›¸ˆÅ¸£ú ‚¸¾£ ¬¸÷¡¸¸œ¸›¸ ˆ½Å ‚›¸º¬¸¸£ (œ¸¸½’¥Ä ¸ In our opinion and to the best of our information and according to the
www.mca.gov.in œ¸£ ¢›¸™½©¸ˆÅ œ¸í\¸¸›¸ ¬¸¿‰¡¸¸ (”ú‚¸ƒÄ‡›¸) ˆÅú ¦¬˜¸¢÷¸ ¬¸¢í÷¸, verifications (including Directors Identification Number (DIN) status
at the portal www.mca.gov.in, wherever applicable) as considered
]¸í¸¿ ž¸ú ¥¸¸Š¸» í¸½) ‚¸¨¸©¡¸ˆÅ÷¸¸›¸º¬¸¸£ ¤¸ÿˆÅ ‚¸¾£ ƒ¬¸ˆ½Å ‚¢š¸ˆÅ¸¢£¡¸¸Ê ׸£¸ íŸ¸Ê ]¸¸›¸ˆÅ¸£ú necessary and explanations furnished to us by the Bank & its officers,
¨¸ ¬œ¸«’úˆÅ£µ¸ ¢™‡ Š¸‡— ퟸ ‡÷¸™Ã׸£¸ œÏŸ¸¸¢µ¸÷¸ ˆÅ£÷¸½ íÿ ¢ˆÅ 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ We hereby certify that none of the Directors on the Board of the
¬¸Ÿ¸¸œ÷¸ ¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸µ”¥¸ ›¸½ ž¸¸£÷¸ú¡¸ œÏ¢÷¸ž¸»¢÷¸ ¢¨¸¢›¸Ÿ¸¡¸ ¤¸¸½”,Ä Bank as stated below for the Financial Year ending on 31st March,
ˆÅ¸£œ¸¸½£’½ ˆÅ¸¡¸Ä Ÿ¸¿°¸¸¥¸¡¸ ¡¸¸ ‡½¬¸½ ˆÅ¸½ƒÄ ‚›¡¸ ¬¸¸¿¢¨¸¢š¸ˆÅ œÏ¸¢š¸ˆÅ£µ¸ ׸£¸ ›¸ú\¸½ ¢™‡ Š¸‡ 2021 have been debarred or disqualified from being appointed or
¢›¸™½©¸ˆÅ¸Ê Ÿ¸Ê ¬¸½ ¢ˆÅ¬¸ú ˆÅ¸½ ž¸ú ˆ¿Åœ¸¢›¸¡¸¸Ê/ ¬¸»\¸ú¤¸Ö ƒˆÅ¸ƒ¡¸¸Ê ˆ½Å ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢›¸¡¸ºÆ÷¸ continuing as Directors of companies/ listed entities by the Securities
and Exchange Board of India, Ministry of Corporate Affairs, or any
ˆÅ£›¸½ ¡¸¸ ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ¤¸›¸½ £í›¸½ ¬¸½ ¨¸¿¢\¸÷¸ ¡¸¸ ‚¡¸¸½Š¡¸ ›¸íú¿ “í£¸¡¸¸ Š¸¡¸¸ í¾— such other Statutory Authority :
ÇÅ. ¢›¸™½©¸ˆÅ ˆÅ¸ ›¸¸Ÿ¸ ”ú‚¸ƒÄ‡›¸ ¢›¸¡¸º¢Æ÷¸ ˆÅ¸ ¢™›¸¸¿ˆÅ Sr. Appointment
Name of Director DIN
No. Date
1 ªú ‡. ‡¬¸. £¸]¸ú¨¸ 07478424 02-12-2018
1 Shri A.S. Rajeev 07478424 02-12-2018
2 ªú í½Ÿ¸›÷¸ ˆºÅŸ¸¸£ ’Ÿ’¸ 08359559 31-12-2018 2 Shri Hemant Kumar Tamta 08359559 31-12-2018
3 ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ ¥¸¸Š¸» ›¸íú¿ * 10-03-2021 3 Shri A.B. Vijayakumar Not Applicable* 10-03-2021
4 ªúŸ¸÷¸ú ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ 07854527 11-05-2017 4 Mrs. Vandita Kaul 07854527 11-05-2017
5 ªú Ÿ¸›¸¸½]¸ ˆºÅŸ¸¸£ ¨¸Ÿ¸¸Ä ¥¸¸Š¸» ›¸íú¿ * 13-08-2019 5 Shri Manoj Kumar Verma Not Applicable* 13-08-2019
6 Shri R. Thamodharan 07097220 30-06-2018
6 ªú ‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ 07097220 30-06-2018
*¤¸ÿˆÅ ˆ¿Åœ¸›¸ú ‚¢š¸¢›¸¡¸Ÿ¸, 1956/2013 ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ÷¸í÷¸ ¢›¸Š¸¢Ÿ¸÷¸ ˆ¿Åœ¸›¸ú ›¸íú¿ *The Bank is not a company incorporated under the provisions
of Companies Act, 1956 / 2013 and accordingly the provisions
í¾ ‚¸¾£ ÷¸™›¸º¬¸¸£ ˆ¿Åœ¸›¸ú ‚¢š¸¢›¸¡¸Ÿ¸, 2013 ˆ½Å œÏ¸¨¸š¸¸›¸ ¤¸ÿˆÅ œ¸£ ¥¸¸Š¸» ›¸íú¿ í¸½÷¸½ of Companies Act, 2013 do not apply on the Bank. Thus, it is not
íÿ— ƒ¬¸ œÏˆÅ¸£, ¤¸ÿˆÅ ˆ½Å ¤¸¸½”Ä ˆ½Å ¢›¸™½©¸ˆÅ¸Ê ˆ½Å ¢¥¸‡ ”ú‚¸ƒÄ‡›¸ œÏ¸œ÷¸ ˆÅ£›¸¸ ‚¢›¸¨¸¸¡¸Ä mandatory for the Directors on the Board of the Bank to obtain DIN,
›¸íú¿ í¾, ƒ¬¸¢¥¸‡, ”ú‚¸ƒÄ‡›¸ ˆÅ¸ „¥¥¸½‰¸ „›¸ ¢›¸™½©¸ˆÅ¸Ê ˆ½Å ¢¥¸‡ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾ ¢]¸›¸ˆ½Å therefore, DIN is mentioned for the Directors who possess DIN issued
œ¸¸¬¸ ˆÅ¸Áœ¸¸½Ä£½’ Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å Ÿ¸¿°¸¸¥¸¡¸ ׸£¸ ]¸¸£ú ”ú‚¸ƒÄ‡›¸ í¾ ‚¸¾£ „›¸ ¢›¸™½©¸ˆÅ¸Ê ˆ½Å by the Ministry of Corporate Affairs and for the Directors who do not
possess DIN, ‘Not Applicable’ is mentioned hereinabove.
¢¥¸‡ ¢]¸›¸ˆ½Å œ¸¸¬¸ ”ú‚¸ƒÄ‡›¸ ›¸íú¿ í¾, ¡¸í¸Â …œ¸£ '¥¸¸Š¸» ›¸íú¿ ' „¥¥¸½‰¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾
¤¸¸½”Ä Ÿ¸Ê œÏ÷¡¸½ˆÅ ¢›¸™½©¸ˆÅ ˆÅú ¢›¸¡¸º¢Æ÷¸/¢›¸£¿÷¸£÷¸¸ ˆ½Å ¢¥¸‡ œ¸¸°¸÷¸¸ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸¸ ¤¸ÿˆÅ Ensuring the eligibility for the appointment / continuity of every
Director on the Board is the responsibility of the management of the
ˆ½Å œÏ¤¸¿š¸›¸ ˆÅú ¢]¸ŸŸ¸½™¸£ú í¾— ퟸ¸£ú ¢]¸ŸŸ¸½™¸£ú í¾ ¢ˆÅ ퟸ ‚œ¸›¸½ ¬¸÷¡¸¸œ¸›¸ ˆ½Å ‚¸š¸¸£ Bank. Our responsibility is to express an opinion on these based on
œ¸£ ƒ›¸ œ¸£ £¸¡¸ ¨¡¸Æ÷¸ ˆÅ£Ê— ¡¸í œÏŸ¸¸µ¸œ¸°¸ ›¸ ÷¸¸½ ¤¸ÿˆÅ ˆÅú ž¸¢¨¸«¡¸ ˆÅú ¨¡¸¨¸í¸¡¸Ä÷¸¸ ˆÅ¸ our verification. This certificate is neither an assurance as to the future
‚¸æ¸¸¬¸›¸ í¾ ‚¸¾£ ›¸ íú „¬¸ ™®¸÷¸¸ ¡¸¸ œÏž¸¸¨¸©¸ú¥¸÷¸¸ ˆ½Å ¤¸¸£½ Ÿ¸Ê ¢]¸¬¸ˆ½Å ¬¸¸˜¸ œÏ¤¸¿š¸›¸ viability of the Bank nor of the efficiency or effectiveness with which
›¸½ ¤¸ÿˆÅ ˆ½Å Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸ ¬¸¿\¸¸¥¸›¸ ¢ˆÅ¡¸¸ í¾— the management has conducted the affairs of the Bank.

For Joshi & Joshi,

ˆ¼Å÷¸½ ]¸¸½©¸ú ‡¿” ]¸¸½©¸ú (Formerly known as Apte Joshi & Associates),
(œ¸»¨¸Ä Ÿ¸Ê ‚¸œ’½ ]¸¸½©¸ú ‚¸¾£ ‚¬¸¸½¢¬¸‡’ ˆ½Å ›¸¸Ÿ¸ ¬¸½ ]¸¸›¸½ ]¸¸÷¸½ ˜¸½) Company Secretaries
ˆ¿Åœ¸›¸ú ¬¸½Ç½Å’£ú
Harshal Raghavendra Joshi
í«¸Ä¥¸ £¸‹¸¨¸ÊÍ ]¸¸½©¸ú Partner
ž¸¸Š¸ú™¸£ FCS: 9897 CP: 10450
‡ûŬ¸ú‡¬¸À 9897 ¬¸úœ¸úÀ 10450 UDIN: F009897C000211551
¡¸»”ú‚¸ƒÄ‡›¸ À ‡œ¸€009897C000211551 Date: April 29,2021
Place: Pune
¢™›¸¸¿ˆÅ : ‚œÏ¾¥¸ 29, 2021
¬˜¸¸›¸ : œ¸ºµ¸½

67
 Annual Report 2020-21

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68
Jeeef<e&keÀ efjHeesì& 2020-21

efJeÊeer³e efJeJejCe
Financial Statements

69
 Annual Report 2020-21

31 cee®e& 2021 keÀer eqmLeefle kesÀ Devegmeej leguevehe$e

BALANCE SHEET AS ON 31ST MARCH, 2021
(` npeej ceW)
( ` in thousands)

Devegmet®eer 31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

Schedule
kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March 2021 As on 31st March 2020
(Current Year) (Previous Year)
hetbpeer SJeb oeef³elJe CAPITAL AND LIABILITIES
hetbpeer Capital 1 6560,15,89 5824,10,93

Deejef#eefle³eeb Deewj DeefOeMes<e Reserves & Surplus 2 5573,02,02 4931,17,01

peceejeefMe³eeb Deposits 3 174005,61,91 150066,40,46

GOeeefj³eeb Borrowings 4 4238,75,12 3670,03,18

Dev³e os³eleeSb SJeb he´eJeOeeve Other Liabilities & Provisions 5 6287,46,35 4375,46,66

kegÀue TOTAL 196665,01,29 168867,18,24

Deeeqmle³eeb ASSETS
vekeÀoer Deewj Yeejleer³e efjpeJe& yeQkeÀ ceW Mes<e
Cash and Balances with Reserve Bank of India 6 12882,48,23 10353,68,49

yeQkeÀeW ceW Mes<e, ceebie leLee Deuhe met®evee hej ÒeeH³e Oeve
Balances with Banks, Money at call & short notice 7 59,24,85 93,28,22

efveJesMe Investments 8 68111,64,45 57740,85,12

Deefie´ce Advances 9 102405,16,68 86871,65,09

eqmLej Deeeqmle³eeb Fixed Assets 10 1674,00,23 1676,19,16

Dev³e Deeeqmle³eeb Other Assets 11 11532,46,85 12131,52,16

kegÀue TOTAL 196665,01,29 168867,18,24

DeekeÀeqmcekeÀ os³eleeSb Contingent Liabilities 12 31127,72,44 29491,84,83

Jemetueer nsleg efyeue Bills for Collection 4988,84,18 7037,69,24

cenlJehetCe& uesKeebkeÀve veerefle³eeb Significant accounting policies 17

KeeleeW hej efìhheefCe³eeb Notes on Accounts 18

Devegmetef®e³eeb 1 mes 18 Keeleesb keÀe DeefYeVe Yeeie nQ.

The Schedules 1 to 18 form an integral part of the Accounts.

‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ Sce. kesÀ. Jecee&

¢›¸™½©¸ˆÅ ¢›¸™½©¸ˆÅ ¢›¸™½©¸ˆÅ
R. THAMODHARAN VANDITA KAUL M. K. Verma
Director Director Director

S. yeer. efJepe³ekegÀceej nscevle ìcìe S. Sme. jepeerJe

ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½
A. B. VIJAYAKUMAR HEMANT TAMTA A. S. RAJEEV
EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR MANAGING DIRECTOR & CEO

megveerue Oetle œ¸ú. ‚¸£. ‰¸’¸¨¸ˆÅ£

¬¸í¸¡¸ˆÅ Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¢¨¸. œÏ. ¨¸ ¥¸½‰¸¸ cenehe´yebOekeÀ, efJe. he´. Je uesKee Deewj cegefJeDe
SUNIL DHOOT P. R. KHATAVKAR
Asst. Gen. Manager, Fm & A GENERAL MANAGER, FM&A & CFO

mLeeve : HegCes Place : Pune

efoveebkeÀ : 29 DeHe´wue, 2021 Date : 29th April, 2021

70
Jeeef<e&keÀ efjHeesì& 2020-21

31 cee®e& 2021 keÀes meceehle Je<e& keÀe ueeYe Je neefve Keelee

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2021
(` npeej ceW)
( ` in thousands)

Devegmet®eer 31 cee®e& 2021 keÀes 31 cee®e& 2020 keÀes meceeHle

Schedule meceeHle Je<e& (®eeuet Je<e&) Je<e& (efHeíuee Je<e&)
Year ended Year ended
31st March 2021 31st March 2020
(Current Year) (Previous Year)
I. Dee³e INCOME
Dee|pele y³eepe Interest earned 13 11868,54,08 11495,44,71
Dev³e Dee³e Other Income 14 2625,26,89 1649,22,67
kegÀue TOTAL 14493,80,97 13144,67,38
II. J³e³e EXPENDITURE
J³e³e efkeÀ³ee ie³ee y³eepe Interest expended 15 6971,06,82 7216,64,98
heefj®eeueve J³e³e Operating Expenses 16 3565,05,72 3080,96,07
he´eJeOeeve Deewj DeekeÀeqmcekeÀleeSb Provisions & Contingencies 3407,43,27 2458,48,23
kegÀue TOTAL 13943,55,81 12756,09,28
ueeYe / neefve PROFIT/LOSS
Je<e& kesÀ efueS efveJeue ueeYe Net Profit for the year 550,25,16 388,58,10
peesæ[W : Deeies uee³ee ie³ee ueeYe Add: Profit brought forward -7349,50,10 -7360,29,22
peesæs[W : Mes³ej He´erefce³ece Deewj efJeMes<e Deejef#eleer kesÀ mece#e Mes<e Deie´sef<ele mecesefkeÀle neefve³eeb 7349,50,10 –
Add: b/f. losses adjusted against Share premium and Special Reserve
kegÀue TOTAL 550,25,16 -6971,71,12
efJeefve³eesie APPROPRIATIONS
meebefJeefOekeÀ Deejef#eefle keÀes DeblejCe Transfer to Statutory Reserve 137,56,29 97,14,52
hetbpeer Deejef#eefle keÀes DeblejCe Transfer to Capital Reserve 184,52,91 53,64,46
jepemJe Deejef#eefle keÀes DeblejCe Transfer to Revenue Reserve – –
efJeMes<e Deejef#eefle keÀes DeblejCe Transfer to Special Reserve – –
efveJesMe Deejef#eefle keÀes DeblejCe Transfer to Investment Fluctuation Reserve 176,00,00 227,00,00
he´mleeefJele ueeYeebMe (heerSvemeerheerSme) Proposed dividend (PNCPS) – –
he´mleeefJele ueeYeebMe (F&eqkeÌJeìer) Proposed dividend (Equity) – –
ueeYeebMe hej keÀj Tax on Dividend – –
legueve He$e ceW Deeies uee³ee Mes<e Balance carried over to Balance Sheet 52,15,96 -7349,50,10
keÀgue TOTAL 550,25,16 -6971,71,12
he´efle Mes³ej Depe&ve (cetue Je [eFu³etìs[) (`) Earning per share (Basic & Diluted) (Rupees) 0.88 0.67

nceejer meceefoveebefkeÀle mebueive efjheesì& kesÀ Devegmeej As per our report of even date attached.

ke=Àles cewmeme& kesÀ. ieesheeue jeJe Sb[ kebÀheveer ke=Àles cewmeme& yeeìueeryeesF& Sb[ hegjesefnle ke=Àles cewmeme& DeyeCee& Sb[ DevebLeve ke=Àles cewmeme& jes[er [yeerj Sb[ kebÀHeveer
‡ûÅ‚¸£‡›¸: 000956‡¬¸ SHeÀDeejSve: 101048[yu³et SHeÀDeejSve: 000003‡¬¸ SHeÀDeejSve: 108846”¤¥¡¸»
¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ meveoer uesKeekeÀej meveoer uesKeekeÀej meveoer uesKeekeÀej
for M/s. K Gopal Rao & Co for M/s. Batliboi & Purohit for M/s. Abarna & Ananthan for M/s. Rodi Dabir & Co.
FRN: 000956S FRN: 101048W FRN: 000003S FRN:108846W
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants

¬¸ú‡ ¤¸ú. Ÿ¸ú£¸ Š¸¸½œ¸¸¥¸›¸ ¬¸ú‡ £Ÿ¸›¸ í¿Š¸½ˆÅ£ ¬¸ú‡ (ªúŸ¸÷¸ú) ¥¸¢¥¸÷¸¸ £¸Ÿ¸½©¨¸£›¸ ¬¸ú‡ ‚¸©¸ú«¸ ¤¸”Š¸½
ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£
¬¸™¬¡¸÷¸¸ ÇÅ.: 029471 ¬¸™¬¡¸÷¸¸ ÇÅ.: 030615 ¬¸™¬¡¸÷¸¸ ÇÅ.: 207867 ¬¸™¬¡¸÷¸¸ ÇÅ.: 121073
CA B. Meera Gopalan CA Raman Hangekar CA (Mrs) Lalitha Rameswaran CA Aashish Badge
Partner Partner Partner Partner
Membership No: 029471 Membership No: 030615 Membership No: 207867 Membership No: 121073

mLeeve : HegCes Place : Pune

efoveebkeÀ : 29 DeHe´wue, 2021 Date : 29th April, 2021

71
 Annual Report 2020-21

Devegmet®eer -1 : Hetbpeer (` npeej ceW)

SCHEDULE- 1 :CAPITAL (` in thousands)
31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle
kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
he´eefOeke=Àle hetbpeer Authorised Capital
he´l³eskeÀ `10/-kesÀ 10,00,00,00,000 F&eqkeÌJeìer Mes³ej (efheídues Je<e& 300,00,00,000) 10000,00,00 10000,00,00
10,00,00,00,000 Equity Shares (Previous year 300,00,00,000) of
`10/- each
peejer Je DeefYeoÊe Issued & Subscribed
he´l³eskeÀ `10/- kesÀ 656,01,58,901 F&eqkeÌJeìer Mes³ej (efheídues Je<e& 582,41,09,300)
656,01,58,901 Equity Shares (Previous year 582,41,09,300) of `10/-
each
6560,15,89 5824,10,93
he´oÊe hetbpeer Paid Up Capital
keÀ. keWÀê mejkeÀej Üeje Oeeefjle
a. Held by Central Government 6122,62,79 5386,57,83

`10/- kesÀ 612,26,27,927 (efHeíues Je<e& 538,65,78,326) F&ekq eÌJeìer Mes³ej

612,26,27,927 (Previous year 538,65,78,326) Equity shares of
`10/- each

Ke. pevelee Je Dev³e Üeje Oeeefjle

b. Held by the Public & Others 437,53,10 437,53,10

` 10/- kesÀ 43,75,30,974 (efHeíues Je<e& 43,75,30,974) F&eqkeÌJeìer Mes³ej

43,75,30,974 (Previous year 43,75,30,974) Equity Shares of
`10/- each
6560,15,89 5824,10,93

kegÀue TOTAL 6560,15,89 5824,10,93

Devegmet®eer - 2 : Deejef#eefle³eeb Deewj DeefOeMes<e (` npeej ceW)

SCHEDULE - 2 : RESERVES AND SURPLUS (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. meebefJeefOekeÀ Deejef#eefle STATUTORY RESERVE
i) he´ejbefYekeÀ Mes<e Opening Balance 1349,63,81 1252,49,29
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 137,56,29 1487,20,10 97,14,52 1349,63,81
II. hetbpeeriele Deejef#eefle CAPITAL RESERVE
i) he´ejbefYekeÀ Mes<e Opening Balance 417,04,17 363,39,71
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 184,52,91 53,64,46
iii) Je<e& kesÀ oewjeve keÀceer Deduction during the year – 601,57,08 – 417,04,17
III. Mes³ej he´erefce³ece SHARE PREMIUM
i) he´ejbefYekeÀ Mes<e Opening Balance 6902,76,12 5343,99,91
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 94,95,04 1558,76,21
iii) Je<e& kesÀ oewjeve keÀceer 6902,76,12 94,95,04 – 6902,76,12
Deduction during the year - Utilised for writing off of b/f. losses
IV. jepemJe Je Dev³e Deejef#eefle³eeb
REVENUE AND OTHER RESERVES
keÀ) jepemJe Deejef#eefle a) REVENUE RESERVE
i) he´ejbefYekeÀ Mes<e Opening Balance 1621,70,84 1515,56,85
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 88,54,64 106,13,99
iii) – 1710,25,48 – 1621,70,84
Je<e& kesÀ oewjeve keÀceer Deduction during the year

72
Jeeef<e&keÀ efjHeesì& 2020-21

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
Ke) efJeMes<e Deejef#eefle³eeb b) SPECIAL RESERVE
i) he´ejbefYekeÀ Mes<e Opening Balance 498,00,00 498,00,00
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year – –
iii) Je<e& kesÀ oewjeve keÀceer-Deie´sef<ele neefve³eeW kesÀ yeÆs Keeles kesÀ efueS He´³egkeÌle 446,73,96 51,26,04 – 498,00,00
Deduction during the year - utilised for writing off b/f. losses
ie) hegvecet&u³eve Deejef#eefle³eeb c) REVALUATION RESERVE
i) he´ejbefYekeÀ Mes<e Opening Balance 1264,52,17 1373,10,41
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year – –
iii) Je<e& kesÀ oewjeve keÀceer Deduction during the year 91,89,85 1172,62,32 108,58,24 1264,52,17
Ie) efveJesMe DeeqmLej Deejef#eefle Keelee
d) INVESTMENT FLUCTUATION RESERVE ACCOUNT
i)
he´ejbefYekeÀ Mes<e Opening Balance 227,00,00 –
ii)
Je<e& kesÀ oewjeve Je=ef× Addition during the year 176,00,00 227,00,00
iii) Je<e& kesÀ oewjeve keÀceer Deduction during the year – 403,00,00 – 227,00,00
V. ueeYe Je neefve Keeles ceW Mes<e
BALANCE IN PROFIT AND LOSS ACCOUNT
i) he´ejbefYekeÀ Mes<e Opening Balance -7349,50,10 -7349,50,10
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 52,15,96 –
iii) Je<e& kesÀ oewjeve keÀceer-Deie´sef<ele neefve³eeW kesÀ yeÆs Keeles kesÀ efueS He´³egkeÌle 7349,50,10 52,15,96 – -7349,50,10
deductions - b/f. losses set of against Share premium and Special Reserv
kegÀue TOTAL 5573,02,02 12280,67,11

Devegmet®eer - 3 : peceejeefMe³eeb (` npeej ceW)

SCHEDULE - 3 : DEPOSITS (` in thousands)
31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle
kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
keÀ I. ceebie peceejeefMe³eeb
A. DEMAND DEPOSITS
i) yeQkeÀeW mes From Banks 64,56,44 83,84,03
ii) Dev³eeW mes From others 18478,61,76 18543,18,20 14305,40,44 14389,24,47
II. ye®ele yeQkeÀ peceejeefMe³eeb
SAVINGS BANK DEPOSITS 75402,01,79 61085,55,15
III. ceer³eeoer peceejeefMe³eeb
TERM DEPOSITS
i) yeQkeÀeW mes From Banks 242,38,92 205,97,69
ii) Dev³eeW mes From others 79818,03,00 80060,41,92 74385,63,15 74591,60,84
kegÀue TOTAL (I, II & III) 174005,61,91 150066,40,46
Ke B. (i) Yeejle ceW MeeKeeDeeW keÀer peceejeefMe³eeb
Deposits of Branches in India 174005,61,91 150066,40,46
(ii) Yeejle mes yeenj keÀer MeeKeeDeeW keÀer peceejeefMe³eeb – –
Deposits of Branches outside India
kegÀue TOTAL 174005,61,91 150066,40,46

Devegmet®eer - 4 : GOeeefj³eeb (` npeej ceW)

SCHEDULE - 4 : BORROWINGS (` in thousands)
31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle
kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. Yeejle ceW GOeeefj³eeb BORROWINGS IN INDIA
i) Yeejleer³e efjpeJe& yeQkeÀ Reserve Bank of India 500,00,00 478,00,00
ii) Dev³e yeQkeÀ Other Banks – –
iii) Dev³e mebmLeeve Deewj SpeWefme³eeb Other Institutions and Agencies 51,59,79 85,79,79

73
 Annual Report 2020-21

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
iv) Dev³e GOeeefj³eeb Other Borrowings
keÀ) veJeesvces<eer yesceer³eeoer $eÝCe efueKeleW (DeeF&heer[erDeeF&)
a) Innovative Perpetual Debt Instruments (IPDI) – –
Ke) yeeb[ kesÀ ªhe ceW peejer mebefceÞe $eÝCe hetbpeer efueKeleW
b) Hybrid Debt Capital Instruments issued as Bonds – –
ie) ieewCe $eÝCe yeeb[
c) Subordinated Debt Bonds 2605,70,00 2100,00,00
Ie) FbHe´Àe yeeb[
d) Infra Bonds 1000,00,00 4157,29,79 1000,00,00 3663,79,79
II. Yeejle mes yeenj GOeeefj³eeb
BORROWINGS OUTSIDE INDIA 81,45,33 6,23,39
kegÀue TOTAL (I & II) 4238,75,12 3670,03,18
III. Ghe³eg&ÊeÀ I Je II ceW Meeefceue peceeveleer GOeeefj³eeb
SECURED BORROWINGS INCLUDED IN I & II ABOVE 500,04,79 478,04,79

Devegmet®eer - 5 : Dev³e os³eleeSb Deewj he´eJeOeeve (` npeej ceW)

SCHEDULE - 5 : OTHER LIABILITIES AND PROVISIONS (` in thousands)
31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle
kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. os³e efyeue
Bills Payable 726,94,18 486,92,01
II. Deblej-keÀe³ee&ue³e mecee³eespeve (efveJeue)
Inter-office adjustments (net) 644,22,49 –
III. Gheef®ele y³eepe
Interest Accrued 318,35,84 309,67,31
IV. Dev³e (he´eJeOeeve meefnle):
Others (including provisions):
i) ceevekeÀ Deeeqmle³eeW hej he´eJeOeeve
Provision against standard assets 1339,57,47 698,54,47
ii) Dev³e os³eleeSb (he´eJeOeeve meefnle)
Other liabilities (including provisions) 3258,36,37 4597,93,84 2880,32,87 3578,87,34
kegÀue TOTAL 6287,46,35 4375,46,66

Devegmet®eer - 6 : vekeÀoer Deewj Yeejleer³e efjpeJe& yeQkeÀ ceW DeefOeMes<e (` npeej ceW)
SCHEDULE - 6 : CASH AND BALANCES WITH RESERVE BANK OF INDIA (` in thousands)
31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle
kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. neLe ceW vekeÀoer (FmeceW efJeosMeer keÀjWmeer veesì Meeefceue nwW)
Cash in hand (including foreign currency notes) 1006,85,56 812,11,19
II. Yeejleer³e efjpeJe& yeQkeÀ ceW Mes<e
Balances with Reserve Bank of India
i) ®eeuet KeeleeW ceW
In Current Accounts 6390,62,67 3741,57,30
ii) Dev³e KeeleeW ceW
In other Accounts 5485,00,00 11875,62,67 5800,00,00 9541,57,30
kegÀue TOTAL (I & II) 12882,48,23 ,, 10353,68,49

74
Jeeef<e&keÀ efjHeesì& 2020-21

Devegmet®eer - 7 : yeQkeÀeW ceW Mes<e leLee ceebie Deewj DeuHe met®evee Hej Òeeh³e Oeve (` npeej ceW)
SCHEDULE - 7 : BALANCES WITH BANKS AND MONEY AT CALL & SHORT NOTICE (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. Yeejle ceW In India
i) yeQkeÀeW ceW DeefOeMes<e Balances with Banks in
(keÀ) ®eeuet Keeles
(a) Current Accounts 26,15,09 39,35,61
(Ke) Dev³e pecee Keeles
(b) Other Deposit Accounts 15,18,56 41,33,65 15,18,56 54,54,17
ii) ceebie leLee Deuhe met®evee hej he´eh³e Oeve
Money at call and short notice
(keÀ) yeQkeÀeW kesÀ heeme
(a) With Banks – –
(Ke) Dev³e mebmLeeveeW kesÀ heeme
(b) With Other Institutions – – – –
kegÀue TOTAL (i & ii) 41,33,65 54,54,17
II. Yeejle kesÀ yeenj Outside India
yeQkeÀeW ceW DeefOeMes<e Balances with Banks in
(keÀ) ®eeuet Keeles
(a) Current Accounts – –
(Ke) Dev³e pecee Keeles
(b) Other Deposit Accounts 17,91,20 38,74,05
(ie) ceebie leLee Deuhe met®evee hej he´eh³e Oeve
(c) Money at Call & Short Notice – 17,91,20 – 38,74,05
kegÀue TOTAL 17,91,20 38,74,05
kegÀue peesæ[ (I Je II) GRAND TOTAL (I & II) 59,24,85 93,28,22

Devegmet®eer - 8 : efveJesMe (` npeej ceW)

SCHEDULE - 8 : INVESTMENTS (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
keÀ I Yeejle ceW efveJesMe
A.I Investments in India in
keÀ) mejkeÀejer he´efleYetefle³eeb (Kepeevee efyeueeW Je peerjes ketÀheve yeeb[eW meefnle)
a) Government Securities (inclusive of treasury bills & zero 61114,16,88 45638,07,74
coupon bonds)
Ke) Dev³e Devegceesefole he´efleYetefle³eeb
b) Other approved securities – –
ie) Mes³eme&
c) Shares 292,61,34 277,71,29
Ie) ef[yeW®eme& Deewj yeeb[
d) Debentures and Bonds 4985,23,01 2547,27,47
æ[) mene³ekeÀ kebÀheveer Deewj / ³ee meb³egÊeÀ GÐece
e) Subsidiaries and/or Joint Ventures 73,42,11 73,42,11

75
 Annual Report 2020-21

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
®e) Dev³e
f) Others
i) ³etìerDeeF& / c³eg®³egDeue HebÀ[eW kesÀ ³etefveì
Units of U T I/ Mutual funds 373,36,27 384,77,13
ii) pecee he´ceeCehe$e
Certificate of Deposits 1272,84,84 8819,59,38
iii) JeeefCeeqp³ekeÀ he´he$e
Commercial Papers – –
iv) heerìermeer
PTCs – –
v) Dev³e
Others – 1646,21,11 – 9204,36,51
kegÀue TOTAL 68111,64,45 57740,85,12
II. Yeejle mes yeenj efveJesMe Investments outside India – –
kegÀue TOTAL – –
kegÀue peesæ[ GRAND TOTAL (I & II) 68111,64,45 57740,85,12
Ke B. keÀ) Yeejle ceW mekeÀue efveJesMe
a) Gross Investments in India 68646,69,87 58171,33,86
IeìeSb : efveJesMe hej cetu³eݸme
Less: Depreciation on Investment 12,07,71 15,33,80
IeìeSb : efveJesMeeW hej he´eJeOeeve
Less: Provisions on Investment 522,97,71 68111,64,45 415,14,94 57740,85,12
efveJeue efveJesMe
Net Investment 68111,64,45 57740,85,12
Ke) Yeejle kesÀ yeenj mekeÀue efveJesMe
b) Gross Investments outside India – –

kegÀue TOTAL (keÀ SJeb Ke) (a & b) 68111,64,45 57740,85,12

Devegmet®eer - 9 : Deefie´ce (` npeej ceW)

SCHEDULE - 9 : ADVANCES (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
keÀ A. i) yeÆeke=Àle Je Kejeros ieS efyeue
Bills purchased and discounted 801,41,17 494,70,10
ii) vekeÀo $eÝCe, DeesJej[^eHeÌì Deewj ceebie hej he´eflemebos³e $eÝCe
Cash Credits, Overdrafts & Loans repayable on demand 34428,65,34 39427,00,65
iii) ceer³eeoer $eÝCe
Term Loans 67175,10,17 102405,16,68 46949,94,34 86871,65,09
kegÀue TOTAL 102405,16,68 86871,65,09
Ke B. i) cetle& Deeeqmle³eeW Üeje he´efleYetle (yener $eÝCe hej Deefie´ceeW meefnle)
Secured by tangible assets (includes advances against
Book Debts) 87752,12,98 71104,64,03
ii) yeQkeÀ / mejkeÀejer ieebjefì³eeW Üeje mebjef#ele
Covered by Bank/Government Guarantees 476,47,29 204,07,43
iii) DeHe´l³eeYetle Unsecured 14176,56,41 102405,16,68 15562,93,63 86871,65,09
kegÀue TOTAL 102405,16,68 86871,65,09

76
Jeeef<e&keÀ efjHeesì& 2020-21

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
ie C. I. Yeejle ceW Deefie´ce
Advances in India
i) he´eLeefcekeÀlee #es$e
Priority Sector 45549,81,00 35908,48,14
ii) meeJe&peefvekeÀ #es$e
Public Sector 15264,01,06 8006,79,63
iii) yeQkeÀ
Banks 47,50 6,29,07
iv) Dev³e
Others 41590,87,12 102405,16,68 42950,08,25 86871,65,09
II. Yeejle mes yeenj Deefie´ce
Advances outside India
kegÀue TOTAL (ie C.I SJeb ie C.II) – 102405,16,68 – 86871,65,09

Devegmet®eer - 10 : eqmLej Deeeqmle³eeb (` npeej ceW)

SCHEDULE - 10 : FIXED ASSETS (` in thousands)
31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle
kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I heefjmej Premises
1. efJeiele Je<e& keÀer 31 cee®e& keÀer eqmLeefle kesÀ Devegmeej ueeiele hej (hetJe&Jeleea Je<eeX ceW
kegÀí heefjmejeW kesÀ hegvecet&u³eebkeÀve kesÀ keÀejCe ngF& keÀercele ceW Je=ef× Meeefceue nw)
At cost as on 31st March of the preceding year (includes
increase in the value on account of revaluation of certain
premises in earlier years) 1661,51,26 1663,97,11
2. Je<e& kesÀ oewjeve Je=ef×
Addition during the Period 42,61,37 ,8,46
3. Je<e& kesÀ oewjeve hegvecet&u³eve kesÀ keÀejCe Je=ef×
Addition on account of revaluation during the year 1704,12,63 1664,05,57
4. DeJeefOe kesÀ oewjeve keÀceer
Deduction during the Period – 2,54,31
1704,12,63 1661,51,26
5 DeÐeleve cetu³eݸme
Depreciation to date 402,10,25 1302,02,38 310,98,61 1350,52,65
II ÒeieefleOeerve Hebtpeeriele keÀe³e& Capital Work in Progress 52,01,01 71,77,44
IIl Dev³e eqmLej Deeeqmle³eeb (HeÀe|ve®ej Je peæ[ JemlegDeeW meefnle)
Other Fixed Assets (including furniture and fixtures)
1. efJeiele Je<e& keÀer 31 cee®e& keÀer eqmLeefle kesÀ Devegmeej ueeiele hej
At cost as on 31st March of the preceding year 1384,86,10 1328,71,25
2. Je<e& kesÀ oewjeve Je=ef×
Addition during the Period 166,27,84 76,32,64
1551,13,94 1405,03,89
3. Je<e& kesÀ oewjeve keÀceer
Deduction during the Period 22,69,17 20,17,79
1528,44,77 1384,86,10
4 DeÐeleve cetu³eݸme
Depreciation to date 1208,47,93 319,96,84 1130,97,03 253,89,07
peesæ[ TOTAL (I & II) 1674,00,23 1676,19,16

77
 Annual Report 2020-21

Devegmet®eer - 11 : Dev³e Deeeqmle³eeb (` npeej ceW)

SCHEDULE - 11 : OTHER ASSETS (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. Deblej-keÀe³ee&ue³e mecee³eespeve (efveJeue) Inter-office adjustments (net) – 657 ,94 ,63
II. Gheef®ele y³eepe Interest accrued 1409 ,17 ,77 1088 ,39 ,01
III. Deefie´ce ªhe mes he´oÊe keÀj / ñeesle hej keÀeìe ie³ee keÀj
Tax paid in advance/tax deducted at source 1740 ,08 ,19 291 ,36 ,93
IV. uesKeve meeceie´er Deewj mìebhe Stationery and Stamps 2 ,45 ,35 3 ,19 ,63
V. oeJeeW kesÀ efveheìeve nsleg Dee|pele iewj-yeQeEkeÀie Deeeqmle³eeb – –
Non-banking assets acquired in satisfaction of claims
VI. Dev³e Others * 8380 ,75 ,54 10090 ,61 ,96
kegÀue TOTAL (I, II, III, IV, V & VI) 11532 ,46 ,85 12131 ,52 ,16

* veesìë ` npeej ceW 2,90,81,088 ( efHeíues Je<e& efveJeue [erìerS kesÀ `  npeej ceW 3,31,19,870 keÀer efveJeue DeemLeefiele keÀj Deeeqmle meefnle Dev³e Deeeqmle³eeb
* Note : Others assets include Net Deferred Tax asset of `  in thousands 2,90,81,088 (Previous Year Net DTA `  in thousands 3,31,19,870)
Devegmet®eer - 12 : DeekeÀeqmcekeÀ os³eleeSb (` npeej ceW)
SCHEDULE - 12 : CONTINGENT LIABILITIES (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (efHeíuee Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. yeQkeÀ kesÀ efJeª× oeJes efpevnW $eÝCe kesÀ ªhe ceW mJeerkeÀej veneR efkeÀ³ee ie³ee nw
Claims against the Bank not acknowledged as debts 1396,64,66 1062,30,50
II. DeebefMekeÀ ®egkeÀlee efveJesMeeW kesÀ efueS oeef³elJe
Liability for partly paid investments – –
III. yekeÀe³ee Jee³eoe efJeefvece³e mebefJeoeDeeW kesÀ keÀejCe oeef³elJe*
Liability on account of outstanding forward exchange
contracts* 19947,68,29 18636,28,47
IV. mebIeìkeÀeW keÀer Deesj mes oer ieF& he´efleYetefle³eeb
Guarantees given on behalf of constituents
(keÀ) Yeejle ceW (a) In India 7959,46,35 8352,25,64
(Ke) Yeejle kesÀ yeenj (b) Outside India 76,72,98 8036,19,33 122,16,63 8474,42,27
V. mJeerke=Àefle³eeb, he=ÿebkeÀve Deewj yeeO³eleeSb
Acceptances, endorsements and obligations 1252,30,69 889,77,57
VI. Dev³e ceoW efpevekesÀ efueS yeQkeÀ DeekeÀeqmcekeÀ ªhe mes GÊejoe³eer nw
Other items for which Bank is contigently liable 494,89,47 429,06,02
kegÀue TOTAL (I, II, III, IV, V & VI) 31127,72,44 29491,84,83

* Jee³eoe efJeefvece³e mebefJeoeDeeW kesÀ mebyebOe ceW DeekeÀeqmcekeÀ os³eleeDeeW ceW efye¬eÀer Je Kejero oesveeW he´keÀej keÀer mebefJeoeSb Meeefceue nQ
* Contingent liabilities in respect of forward exchange contracts include both sale and purchase contracts
Devegmet®eer - 13 : Dee|pele y³eepe (` npeej ceW)
SCHEDULE - 13 : INTEREST EARNED (` in thousands)

31 cee®e& 2021 keÀes 31 cee®e& 2020 keÀes

meceeHle Je<e& (®eeuet Je<e&) meceeHle Je<e& (efHeíuee Je<e&)
For the Year Ended 31st March For the Year Ended 31st March
2021 (Current Year) 2020 (Previous Year)
I. Deefie´ceeW / efyeueeW hej y³eepe / yeÆe Interest/Discount on Advances/Bills 7153,92,92 6409,27,01
II. efveJesMeeW hej y³eepe Interest on Investments 4296,64,53 4321,25,12
IeìeSb - efveJesMeeW keÀe heefjMeesOeve Less - Amortisation of Investments 143,24,07 4153,40,46 118,55,92 4202,69,20
III. Yeejleer³e efjpeJe& yeQkeÀ kesÀ heeme Mes<e Deewj Dev³e Deblej yeQkeÀ efveefOe³eeW hej y³eepe
Interest on balances with Reserve Bank of India & other inter
bank funds 315,07,38 240,98,13
IV. Dev³e Others 246,13,32 642,50,37
kegÀue TOTAL (I, II, III & IV) 11868,54,08 11495,44,71

78
Jeeef<e&keÀ efjHeesì& 2020-21

Devegmet®eer - 14 : Dev³e Dee³e (` npeej ceW)

SCHEDULE - 14 : OTHER INCOME (` in thousands)

31 cee®e& 2021 keÀes 31 cee®e& 2020 keÀes

meceeHle Je<e& (®eeuet Je<e&) meceeHle Je<e& (efHeíuee Je<e&)
For the Year Ended 31st March For the Year Ended 31st March
2021 (Current Year) 2020 (Previous Year)
I. keÀceerMeve efJeefvece³e Deewj ye´eskeÀjspe
Commission, exchange, and brokerage 1001,50,45 851,24,28
II. efveJesMeeW kesÀ efJe¬eÀ³e hej ueeYe
Profit on sale of investments 602,09,48 358,52,93
IeìeSb : efveJesMeeW kesÀ efJe¬eÀ³e hej neefve
Less : Loss on sale of Investments 35,93,60 566,15,88 19,14,89 339,38,04
III. efveJesMeeW kesÀ hegvecet&u³eve hej ueeYe
Profit on revaluation of Investments – –

IeìeSb : efveJesMeeW kesÀ hegvecet&u³eve hej neefve

Less: Loss on revaluation of Investments – – – –
IV. Yetefce, YeJeveeW Deewj Dev³e Deeeqmle³eeW kesÀ efJe¬eÀ³e hej ueeYe
Profit on sale of land, buildings and other assets 2,15,15 6,55,03
IeìeSb : Yetefce, YeJeveeW Deewj Dev³e Deeeqmle³eeW kesÀ efJe¬eÀ³e hej neefve
Less : Loss on sale of land,buildings and other assets 1,70,27 ,44,88 1,74,10 4,80,93
V. efJeefvece³e mebJ³eJenejeW hej ueeYe
Profit on Exchange Transactions 153,34,10 164,68,16
IeìeSb : efJeefvece³e mebJ³eJenejeW hej neefve
Less: Loss on Exchange Transactions – 153,34,10 14 164,68,02
VI. Yeejle / efJeosMe ceW eqmLele meb³egÊeÀ GÐeceeW Deewj/³ee mene³ekeÀ kebÀheefve³eeW/Fl³eeefo
mes ueeYeebMeeW kesÀ ªhe ceW Dee|pele Dee³e
Income earned by way of dividends etc. from subsidiaries/ 1,35,27 1,71,56
companies and/or Joint Ventures abroad/in India
VII. efJeefJeOe Dee³e Miscellaneous Income 902,46,31 287,39,84

kegÀue TOTAL (I, II, III, IV, V, VI & VII) 2625,26,89 1649,22,67

Devegmet®eer - 15 : J³e³e efkeÀ³ee ie³ee y³eepe (` npeej ceW)

SCHEDULE - 15 : INTEREST EXPENDED (` in thousands)

31 cee®e& 2021 keÀes 31 cee®e& 2020 keÀes

meceeHle Je<e& (®eeuet Je<e&) meceeHle Je<e& (efHeíuee Je<e&)
For the Year ended 31st March For the Year Ended 31st March
2021 (Current Year) 2020 (Previous Year)
I. peceejeefMe³eeW hej y³eepe
Interest on deposits 6525,94,83 6757,18,90
II. Yeejleer³e efjpeJe& yeQkeÀ / Deblej yeQkeÀ GOeeefj³eeW hej y³eepe
Interest on Reserve Bank of India / inter-bank borrowings 49,65,06 20,56,03
III. Dev³e
Others 395,46,93 438,90,05
kegÀue TOTAL (I, II & III) 6971,06,82 7216,64,98

79
 Annual Report 2020-21

Devegmet®eer - 16 : heefj®eeueve J³e³e (` npeej ceW)

SCHEDULE - 16 : OPERATING EXPENSES (` in thousands)

31 cee®e& 2021 keÀes 31 cee®e& 2020 keÀes

meceeHle Je<e& (®eeuet Je<e&) meceeHle Je<e& (efHeíuee Je<e&)
For the Year ended 31st March For the Year Ended 31st March
2021 (Current Year) 2020 (Previous Year)
I. keÀce&®eeefj³eeW keÀes Yegieleeve Deewj GvekesÀ efueS he´eJeOeeve
Payments to and provisions for employees 2255,21,04 1743,82,05
II. efkeÀje³ee, keÀj Deewj efyepeueer
Rent,taxes and lighting 218,23,32 214,97,71
III. cegêCe Deewj uesKeve meeceie´er
Printing and stationery 17,68,15 21,61,83
IV. efJe%eeheve Deewj he´®eej
Advertisement and publicity 39,28,74 25,69,21
V. yeQkeÀ keÀer mebheefÊe hej cetu³e-ݸme
(hegvecet&u³eve Deejef#eefle keÀes Debleefjle cetu³eneme efveJeue)
Depreciation on Bank's property
(Net of depreciation transferred to Revaluation Reserve) 188,11,12 210,94,81
VI. efveosMekeÀeW keÀer HeÀerme, YeÊes Deewj J³e³e
Directors' fees, allowances and expenses 33,46 77,75
VII. uesKee hejer#ekeÀeW keÀer HeÀerme Deewj J³e³e
Auditors' fees and expenses 19,59,18 17,57,88
VIII. efJeefOe he´Yeej
Law Charges 18,35,83 19,65,81
IX. [ekeÀ, leej Deewj ìsueerHeÀesve Deeefo
Postage, Telegrams, Telephones, etc. 56,69,55 54,54,11
X. cejccele Deewj jKejKeeJe
Repairs and maintenance 168,25,62 180,26,51
XI. yeercee
Insurance 198,67,14 151,03,12
XII. Dev³e J³e³e
Other expenditure 384,62,57 440,05,28

kegÀue TOTAL (I,II,III,IV,V,VI,VII,VIII,IX,X,XI Je XII) 3565,05,72 3080,96,07

80
Jeeef<e&keÀ efjHeesì& 2020-21
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2.1 ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¬¸¿¨¡¸¨¸í¸£¸Ê ˆÅ¸½ ž¸¸£÷¸ú¡¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¨¡¸¸œ¸¸£ú ¬¸¿‹¸ (û½Å”¸ƒÄ) ׸£¸
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™½¡¸÷¸¸‚¸Ê'' ˆÅ¸½ œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
2.3 ¢¨¸™½©¸ú Ÿ¸ºÍ¸ Ÿ¸Ê ]¸¸£ú Š¸¸£¿¢’¡¸¸Ê ‚¸¾£ ¬¸¸‰¸ œ¸°¸¸Ê ˆ½Å ˆÅ¸£µ¸ „÷œ¸››¸ ‚¸ˆÅ¦¬Ÿ¸ˆÅ
™½¡¸÷¸¸‚¸Ê ˆÅ¸½ ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê, û½Å”¸ƒÄ ׸£¸ œÏˆÅ¸¢©¸÷¸ ‚¿¢÷¸Ÿ¸ ¢¨¸¢›¸Ÿ¸¡¸ ™£¸Ê œ¸£
™©¸¸Ä¡¸¸ Š¸¡¸¸ í¾.
2.4 ‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸ ˆ½Å †µ¸ ¢¨¸Š¸¸½œ¸›¸, ¡¸¢™ ˆÅ¸½ƒÄ í¸½, í½÷¸º ž¸¸£÷¸ú¡¸
¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ œÏ¸¨¸š¸¸›¸ ‚¸¾£ œ¸»¿]¸ú ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆÅú
¨¡¸¨¸¬˜¸¸ ˆÅ£›¸ú í¸½Š¸ú.
3. ¢›¸¨¸½©¸ À
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢›¸¨¸½©¸¸Ê ˆÅ¸ ¨¸Š¸úĈţµ¸ ‡¨¸¿ Ÿ¸»¥¡¸›¸
¢›¸Ÿ›¸¸›¸º¬¸¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ À
3.1. ¢›¸¨¸½©¸ ¢›¸Ÿ›¸¸¿¢ˆÅ÷¸ ª½¢µ¸¡¸¸Ê Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ‡ Š¸‡ íÿÀ
ˆÅ. œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ (‡\¸’ú‡Ÿ¸)
‰¸. ¢¤¸ÇÅú ˆ½Å ¢¥¸‡ „œ¸¥¸¤š¸ (‡‡ûҬ¸)
Š¸. ¨¡¸¸œ¸¸£ ˆ½Å ¢¥¸‡ š¸¸¢£÷¸ (‡\¸‡ûÅ’ú)
3.2 ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸, 1949 ˆÅú ÷¸ú¬¸£ú ‚›¸º¬¸»\¸ú ˆ½Å ûŸÁŸ¸Ä-‡ ˆÅú
‚¸¨¸©¡¸ˆÅ÷¸¸ ˆ½Å ¬¸¸˜¸ ‚›¸º¬¸¸¢£÷¸¸ Ÿ¸Ê ¬¸ž¸ú ¢›¸¨¸½©¸¸Ê ˆÅ¸½ ‚¸Š¸½ ¢›¸Ÿ›¸¸¿¢ˆÅ÷¸ Ží
ª½¢µ¸¡¸¸Ê Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾À
81
Bank of Maharashtra 2020-21
SCHEDULE 17 – SIGNIFICANT ACCOUNTING POLICIES
1. Basis of Preparation of Financial Statements:
1.1 The financial statements are prepared under the historical
cost conventions except as otherwise stated and conform
to the Generally Accepted Accounting Principles (GAAP)
which include statutory provisions, practices prevailing
within the Banking Industry in India, the regulatory/ Reserve
Bank of India (“RBI”) guidelines, applicable Accounting
Standards/ Guidance Notes issued by the Institute of
Chartered Accountants of India (ICAI).
Use of Estimates
1.2
The preparation of financial statements requires the
management to make estimates and assumptions
considered in the reported amount of Assets and Liabilities
(including contingent liabilities) as of the date of financial
statements and reported income and expenses for the
period under report. Management is of the view that the
estimates used in the preparation of financial statements
are prudent and reasonable. Future results could differ from
these estimates. Any revisions to the accounting estimates
shall be recognized prospectively unless otherwise stated.
1.3 Revenue and costs are accounted for on accrual basis
except as stated in para 6.1 below.
1.4 The accounting policies with regard to Revenue
Recognition, Investments and Advances are in conformity
with the prudential accounting norms and guidelines issued
by Reserve Bank of India from time to time.
2. Foreign Exchange Transactions:
2.1 The foreign currency transactions are translated at the
weekly average closing rates for the preceding week as
published by Foreign Exchange Dealers’ Association of
India (FEDAI). Revaluation of foreign currency assets and
liabilities as on Balance Sheet date is done at the closing
exchange rate published by FEDAI and the resultant profit/
loss is accounted for in the Profit & Loss Account.
2.2 Outstanding Forward Foreign Exchange Contracts are
stated at contracted rates and revalued/ marked to market
as on quarterly basis and on Balance Sheet date at the
exchange rates published by FEDAI for specified maturities
by discounting the same at the applicable MIFOR rate
published by Fixed Income Money Market and Derivatives
Association of India [FIMMDA] - Reuter, i.e. on PV01 basis.
The resulting profit/loss, on revaluation, is recognized in
the Profit & Loss Account in accordance with RBI / FEDAI
guidelines and the effect is taken to “Other Assets” in case
of gain or to “Other Liabilities” in case of loss.
2.3 Contingent Liabilities on account of Guarantees and Letters
of Credit issued in foreign currency are stated in the Balance
Sheet at the closing exchange rates published by FEDAI.
2.4 Credit exposure of the un-hedged foreign currency
exposure, if any, of the constituents shall attract provisioning
and capital requirements as per RBI guidelines.
3. Investments:
As per Reserve Bank of India guidelines, the investments are
classified and valued as under:
3.1 Investments are classified in the following categories:
a. Held to Maturity (HTM)
b. Available for sale (AFS)
c. Held for trading (HFT)
3.2 All the investments are further classified in the following
six baskets in conformity with the requirement of Form-A of
Third Schedule to the Banking Regulation Act, 1949:

ˆÅ. ¬¸£ˆÅ¸£ú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿
‰¸. ‚›¡¸ ‚›¸ºŸ¸¸½¢™÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿
Š¸. ©¸½¡¸¬¸Ä
‹¸. ¢”¤¸Ê\¸£ ÷¸˜¸¸ ¤¸¸¿”
Œ. ¬¸í¸¡¸ˆÅ ˆ¿Åœ¸¢›¸¡¸¸¿ ÷¸˜¸¸ ¬¸¿¡¸ºÆ÷¸ „Ô¸Ÿ¸
\¸. ‚›¡¸ (¨¸¸¢µ¸¦]¡¸ˆÅ œ¸°¸, Ÿ¡¸º\¡¸º‚¥¸ û¿Å” ¡¸»¢›¸’ ƒ÷¡¸¸¢™)
3.3 ¤¸ÿˆÅ ‚¢š¸ŠÏíµ¸ ˆ½Å ¬¸Ÿ¸¡¸ œÏ÷¡¸½ˆÅ ¢›¸¨¸½©¸ ˆÅú ª½µ¸ú ˆÅ¸ ¢›¸š¸¸Ä£µ¸ ˆÅ£÷¸¸ í¾ ‚¸¾£
÷¸™›¸º¬¸¸£ „›¸ˆÅ¸ ¨¸Š¸úĈţµ¸ ˆÅ£÷¸¸ í¾. ``¨¡¸¸œ¸¸£ í½÷¸º š¸¸¢£÷¸'' (‡\¸‡ûÅ’ú) ¬¸½
``¢¤¸ÇÅú í½÷¸º „œ¸¥¸¤š¸'' (‡‡ûҬ¸) ª½µ¸ú Ÿ¸Ê ‚¿÷¸£µ¸/ œ¸¢£¨¸÷¸Ä›¸ ˆÅ¸½ Ž¸½”ˆÅ£,
¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆ½Å ‚›¸ºŸ¸¸½™›¸ ¬¸½ ¨¸«¸Ä Ÿ¸Ê ‡ˆÅ ¤¸¸£ ‚¿÷¸£µ¸ ˆÅú ÷¸¸£ú‰¸ ˆÅ¸½
‚¢š¸ŠÏíµ¸ ¥¸¸Š¸÷¸/ ¤¸íú Ÿ¸»¥¡¸/ ¤¸¸]¸¸£ Ÿ¸»¥¡¸, ÷¸ú›¸¸Ê Ÿ¸Ê ¬¸½ ]¸¸½ Ÿ¸»¥¡¸ ˆÅŸ¸ í¸½ „¬¸
œ¸£ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸ ‡ˆÅ ª½µ¸ú ¬¸½ ™»¬¸£ú ª½µ¸ú Ÿ¸Ê ‚¿÷¸£µ¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾. ‡½¬¸½
‚¿÷¸£µ¸ ˆ½Å ˆÅ¸£µ¸ ¡¸¢™ ˆÅ¸½ƒÄ Ÿ¸»¥¡¸Ý¸¬¸ ¥¸¸Š¸» í¸½÷¸¸ í¾ ÷¸¸½ „¬¸ˆÅ¸ œÏ¸¨¸š¸¸›¸ ¢ˆÅ¡¸¸
]¸¸÷¸¸ í¾ ‚¸¾£ ÷¸™›¸º¬¸¸£ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸ ¤¸íú Ÿ¸»¥¡¸ ¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾.
‡ˆÅ ª½µ¸ú ¬¸½ ™»¬¸£ú ª½µ¸ú Ÿ¸Ê ‚¿÷¸£µ¸ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ¡¸¸
„¬¸ˆÅú ‚›¸ºŸ¸¢÷¸ ¬¸½ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾. ``¨¡¸¸œ¸¸£ ˆ½Å ¢¥¸‡ š¸¸¢£÷¸'' (‡\¸‡ûÅ’ú)
ª½µ¸ú ¬¸½ ¢›¸¨¸½©¸¸Ê ˆÅ¸ ``¢¤¸ÇÅú í½÷¸º „œ¸¥¸¤š¸'' (‡‡ûҬ¸) ª½µ¸ú Ÿ¸Ê ‚¿÷¸£µ¸/
œ¸¢£¨¸÷¸Ä›¸ ‚œ¸¨¸¸™¸÷Ÿ¸ˆÅ œ¸¢£¦¬˜¸¢÷¸¡¸¸Ê ]¸¾¬¸½ ˆÅ¢“›¸ ÷¸£¥¸÷¸¸ ¦¬˜¸¢÷¸¡¸¸Ê ˆ½Å ˆÅ¸£µ¸
90 ¢™›¸¸Ê Ÿ¸Ê œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅú ¢¤¸ÇÅú ›¸ ˆÅ£ œ¸¸›¸½ ¡¸¸ ‚÷¡¸¢š¸ˆÅ „÷¸¸£-\¸[¸¨¸ ¡¸¸
¤¸¸{¸¸£ ˆ½Å ‡ˆÅ íú ¢™©¸¸ Ÿ¸Ê ¬¸¿\¸¥¸›¸ ˆ½Å ˆÅ¸£µ¸ „÷œ¸››¸ ¦¬˜¸¢÷¸¡¸¸Ê Ÿ¸Ê íú ¢ˆÅ¡¸¸
]¸¸‡Š¸¸.
3.4 £½œ¸¸½/ ¢£¨¸¬¸Ä £½œ¸¸½ À
£½œ¸¸½ ‚¸¾£ ¢£¨¸¬¸Ä £½œ¸¸½ ¬¸¿¨¡¸¨¸í¸£¸Ê ˆÅ¸½ ¥¸½‰¸¸¤¸Ö ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ›¸½ ž¸¸£÷¸ú¡¸
¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢›¸¢¨¸¢™Ä«’ ¬¸Ÿ¸¸›¸ ¥¸½‰¸¸ œ¸Ö¢÷¸ ˆÅ¸½ ‚œ¸›¸¸¡¸¸ í¾. £½œ¸¸½ ‚¸¾£
¢£¨¸¬¸Ä £½œ¸¸½ ¬¸¿¨¡¸¨¸í¸£¸Ê ˆÅ¸½ ¬¸íŸ¸÷¸ ©¸÷¸¸½ô œ¸£ œ¸º›¸‰¸Ä£ú™ ˆ½Å ¬¸Ÿ¸^¸¸¾÷¸½ ˆ½Å ¬¸¸˜¸
¬¸í¸¡¸ˆÅ „š¸¸¢£¡¸¸¿/ †µ¸ œ¸¢£\¸¸¥¸›¸ Ÿ¸¸›¸¸ ]¸¸÷¸¸ í¾. £½œ¸¸½ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¤¸½\¸ú Š¸ƒÄ
œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸½ ¢›¸¨¸½©¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ™©¸¸Ä¡¸¸ ]¸¸›¸¸ ]¸¸£ú £‰¸¸ ]¸¸÷¸¸ í¾ ‚¸¾£
¢£¨¸¬¸Ä £½œ¸¸½ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‰¸£ú™ú Š¸ƒÄ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸½ ¢›¸¨¸½©¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸íú¿ ¢ˆÅ¡¸¸
]¸¸÷¸¸ í¾. ¤¸ˆÅ¸¡¸¸ £½œ¸¸½/ Ÿ¸ú¡¸¸™ú £½œ¸¸½ ˆÅ¸ œÏˆÅ’›¸ „š¸¸¢£¡¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ‚¸¾£ ¤¸ˆÅ¸¡¸¸
¢£¨¸¬¸Ä £½œ¸¸½ ˆÅ¸ œÏˆÅ’›¸ †µ¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾. ¥¸¸Š¸÷¸ ‚¸¾£ £¸]¸¬¨¸ ˆÅ¸
¥¸½‰¸¸¿ˆÅ›¸ ¤¡¸¸]¸ ¨¡¸¡¸/ ‚¸¡¸, ]¸¾¬¸¸ ž¸ú Ÿ¸¸Ÿ¸¥¸¸ í¸½, ˆ½Å ³Åœ¸ Ÿ¸Ê ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾.
3.5 ž¸¸¢£÷¸ ‚¸¾¬¸÷¸ Ÿ¸»¥¡¸ œ¸Ö¢÷¸ ˆ½Å ‚¸š¸¸£ œ¸£ ¢›¸¨¸½©¸¸Ê ˆÅú ¥¸¸Š¸÷¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸
¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾.
¦¬˜¸£ ‚¸¡¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅú ¢¤¸ÇÅú / ‰¸£ú™ ˆ½Å ¬¸Ÿ¸¡¸ ‰¸¿¢”÷¸ ‚¨¸¢š¸ ˆ½Å ¢¥¸‡
œÏ¸œ÷¸ ¤¡¸¸]¸/ ‰¸¿¢”÷¸ ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ \¸ºˆÅ÷¸¸ ¤¡¸¸]¸ ˆÅ¸½ £¸]¸¬¨¸ ¨¡¸¡¸/ ‚¸¡¸ ˆ½Å
³Åœ¸ Ÿ¸Ê Ÿ¸¸›¸¸ ]¸¸‡Š¸¸.
¢›¸¨¸½©¸ ˆÅú £¸¢©¸ ¬¸½ ¢›¸¨¸½©¸ ˆÅú ¢¤¸ÇÅú/ ‰¸£ú™ ˆ½Å ¬¸Ÿ¸¡¸ œÏ™î¸/ œÏ¸œ÷¸ œÏ¸½÷¬¸¸í›¸
£¸¢©¸/ ¤Ï¸½ˆÅ£½]¸ ˆÅú ˆÅ’¸¾÷¸ú/ ¡¸¸½Š¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
3.6 ¢›¸¨¸½©¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ À
ˆÅ. œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸
i) œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ž¸¸¢£÷¸ ‚¸¾¬¸÷¸ ¥¸¸Š¸÷¸
œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. ]¸í¸¿ ˆÅíú¿ ¥¸¸Š¸÷¸, ‚¿¢ˆÅ÷¸ Ÿ¸»¥¡¸ ¬¸½ ‚¢š¸ˆÅ í¾, ¨¸í¸¿
œÏú¢Ÿ¸¡¸Ÿ¸ ˆÅ¸ œ¸¢£©¸¸½š¸›¸ œ¸¢£œ¸Æ¨¸÷¸¸ ˆÅú ©¸½«¸ ‚¨¸¢š¸ Ÿ¸Ê ¬¸úš¸ú £½‰¸¸ œ¸Ö¢÷¸
¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. ¢›¸¨¸½©¸¸Ê ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê ]¸í¸¿ ¥¸¸Š¸÷¸ Ÿ¸»¥¡¸ ‚¿¢ˆÅ÷¸ Ÿ¸»¥¡¸
¬¸½ ˆÅŸ¸ í¾, ƒ¬¸ ‚¿÷¸£ œ¸£ š¡¸¸›¸ ›¸íú¿ ¢™¡¸¸ Š¸¡¸¸ í¾.
ii) ¬¸í¸¡¸ˆÅ œÏ¢÷¸«“¸›¸¸Ê ‚¸¾£ ¬¸¿¡¸ºÆ÷¸ „Ô¸Ÿ¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸¸Ê ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê Ÿ¸»¥¡¸¸Ê Ÿ¸Ê
‚¸ƒÄ ¬˜¸¸¡¸ú ˆÅŸ¸ú ˆÅ¸½ ‚¢ž¸¢›¸š¸¸Ä¢£÷¸ ÷¸˜¸¸ œÏ¸¨¸š¸¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. ®¸½°¸ú¡¸
ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ (RRB) Ÿ¸Ê ¢›¸¨¸½©¸¸Ê ˆÅ¸½ £‰¸¸¨¸ ¥¸¸Š¸÷¸ œ¸£ Ÿ¸»¥¡¸¸¿¢ˆÅ÷¸ ¢ˆÅ¡¸¸
Š¸¡¸¸ í¾.
iii) ƒ¬¸ ª½µ¸ú Ÿ¸Ê ¢›¸¨¸½©¸ ˆ½Å ¢¨¸ÇÅ¡¸ œ¸£ (ˆÅ) ¢›¸¨¸¥¸ ¥¸¸ž¸ ˆÅ¸½ œ¸í¥¸½ ¥¸¸ž¸ í¸¢›¸
¥¸½‰¸½ Ÿ¸Ê ¥¸½‰¸¸¤¸Ö ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ „¬¸ˆ½Å ¤¸¸™ ‡½¬¸½ ¥¸¸ž¸ (¥¸¸Š¸» ˆÅ£
‚¸¾£ ‚¸›¸ºœ¸¸¢÷¸ˆÅ ¬¸¸¿¢¨¸¢š¸ˆÅ ‚¸£¢®¸¢÷¸ ˆÅ¸ ¢›¸¨¸¥¸) ˆÅ¸½ ``‚¸£¢®¸÷¸ œ¸»¿]¸ú
‰¸¸÷¸½'' Ÿ¸Ê ¢¨¸¢›¸¡¸¸½¢]¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ÷¸˜¸¸ (‰¸) ¢›¸¨¸¥¸ í¸¢›¸ ˆÅ¸½ ¥¸¸ž¸ ¨¸
í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
82
Annual Report 2020-21
a. Government Securities
b. Other approved Securities
c. Shares
d. Debentures and Bonds
e. Subsidiaries and Joint Ventures
f. Others (Commercial Papers, Mutual Fund Units etc.)
3.3 Bank decides the category of each investment at the time
of acquisition and classifies the same accordingly. Shifting
of securities from one category to another, other than
shifting / transfer from HFT to AFS category, is done once
in a year with the approval of Board of Directors, at the
least of acquisition cost / book value / market value on the
date of shifting. The depreciation, if any, on such shifting is
provided for and the book value of the security is adjusted
accordingly. The transfer of securities from one category
to another is made as per permission from or guidelines
of RBI. Transfer / shifting of investments from HFT to AFS
category will be executed under exceptional circumstances,
like not being able to sell the securities within 90 days due
to tight liquidity conditions, or extreme volatility, or market
becoming unidirectional.
3.4 REPO / Reverse REPO
The Bank has adopted the Uniform Accounting Procedure
prescribed by the RBI for accounting of market Repo and
Reverse Repo transactions. Repo and Reverse Repo
transactions are treated as Collateralized Borrowing /
Lending Operations with an agreement to repurchase on the
agreed terms. Securities sold under Repo are continued to
be shown under investment and Securities purchased under
Reverse Repo are not included in investment. Outstanding
Repo / Term Repo is disclosed as borrowing and outstanding
Reverse Repo is disclosed as lending. Costs and revenues
are accounted for as interest expenditure / income, as the
case may be.
3.5 Cost of investments is determined on the basis of Weighted
Average Price method.
Interest paid for broken period / interest received for
broken period at the time of purchase / sale of fixed income
securities is treated as revenue expenditure / income.
Brokerage / incentive received / paid at the time of purchase/
sale of investment is deducted / added from the amount of
investment.
3.6 Valuation of investments:
a. Held to Maturity:
i. Securities under the category ‘Held to Maturity’ are
valued at weighted average acquisition cost. Wherever
the cost of security is higher than the face value, the
premium is amortized over the remaining period of
maturity on straight line basis. In case of investments,
where the cost price is less than the face value, the
difference is ignored.
ii. In case of investments in subsidiaries and joint
ventures permanent diminution in value is recognized
and provided for; investment in RRB is valued at
carrying cost.
iii. On sale of investments in this category (a) the net profit
is initially taken to profit and loss account and thereafter
such profit net of applicable taxes and proportionate
transfer to statutory reserve is appropriated to the
‘Capital Reserve account’; and (b) the net loss is
charged to the Profit & Loss Account.
Jeeef<e&keÀ efjHeesì& 2020-21
‰¸. ¢¤¸ÇÅú í½÷¸º „œ¸¥¸¤š¸ À
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¢\¸¦›í÷¸ (Ÿ¸¸ˆÄÅ-’»-Ÿ¸¸ˆ½ÄÅ’) ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. ˆÊÅÍ/£¸]¡¸ ¬¸£ˆÅ¸£ ˆÅú œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê
ˆÅ¸ Ÿ¸»¥¡¸›¸ ``¢›¸¡¸÷¸‚¸¡¸ Ÿ¸ºÍ¸ ¤¸¸]¸¸£ ‡¨¸¿ ž¸¸£÷¸ú¡¸ ¨¡¸º÷œ¸››¸ ¬¸¿‹¸'' (¢ûÅŸ¸”¸)
׸£¸ ‹¸¸½¢«¸÷¸ ¤¸¸]¸¸£ Ÿ¸»¥¡¸¸Ê œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. ‚›¡¸ ‚›¸ºŸ¸¸½¢™÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê,
¢”¤¸Ê\¸£ ‡¨¸¿ ¤¸¸¿” ˆÅ¸ Ÿ¸»¥¡¸›¸ œÏ¢÷¸ûÅ¥¸, ‚¸¾¬¸÷¸ †µ¸ œÏ¬¸¸£ £½¢’¿Š¸ ‚¸¾£
¢ûÅŸ¸”¸ ׸£¸ ¬¸º^¸¸ƒÄ Š¸ƒÄ œ¸Ö¢÷¸ ¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. „Ö¼÷¸ (ˆÅ¸½’½”) ©¸½¡¸£¸Ê ˆÅ¸
Ÿ¸»¥¡¸›¸ ¤¸¸]¸¸£ ™£ ¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. ‚›¸ºÖ¼÷¸ (‚›¸ˆÅ¸½’½”) ©¸½¡¸£¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸
›¸¨¸ú›¸÷¸Ÿ¸ „œ¸¥¸¤š¸ ÷¸º¥¸›¸œ¸°¸, ‚˜¸¸Ä÷¸ ÷¸÷ˆÅ¸¥¸ ¢œ¸Ž¥¸½ ¨¸«¸Ä ˆ½Å ÷¸º¥¸›¸œ¸°¸ ¬¸½ œÏ¸œ÷¸
¤¸íú Ÿ¸»¥¡¸ ¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ÷¸˜¸¸ ¡¸¢™ ›¸¨¸ú›¸÷¸Ÿ¸ ÷¸º¥¸›¸œ¸°¸ „œ¸¥¸¤š¸ ›¸íú¿ í¾ ÷¸¸½
©¸½¡¸£ ˆÅ¸ Ÿ¸»¥¡¸›¸ ²Åœ¸‡ 1/- œÏ¢÷¸ ˆ¿Åœ¸›¸ú/ ©¸½¡¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
¤¸’Ã’¸Š¸÷¸ ¢¥¸‰¸÷¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸, ]¸¾¬¸½ ‰¸]¸¸›¸¸ ¢¤¸¥¸, ]¸Ÿ¸¸£¸¢©¸ œÏŸ¸¸µ¸œ¸°¸ ‚¸¾£
¨¸¸¢µ¸¦]¡¸ˆÅ œ¸½œ¸¬¸Ä, {¸ú£¸½ ˆ»Åœ¸›¸ ¤¸¸¿” ˆÅ¸ Ÿ¸»¥¡¸›¸, £‰¸¸¨¸ ¥¸¸Š¸÷¸ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸
í¾. Ÿ¡¸º\¡¸º‚¥¸ û¿Å” ¢¥¸‰¸÷¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ÇÅŸ¸©¸À ¤¸¸]¸¸£ Ÿ¸»¥¡¸ œ¸£ ‚˜¸¨¸¸
„›¸ˆÅú „œ¸¥¸¤š¸÷¸¸ ˆ½Å ‚¸š¸¸£ œ¸£ œ¸º›¸‰¸Ä£ú™ Ÿ¸»¥¡¸ ¡¸¸ ¢›¸¨¸¥¸ ‚¸¦¬÷¸ Ÿ¸»¥¡¸ œ¸£
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Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê ‚¸¦¬÷¸ œ¸º›¸Š¸Ä“›¸ ˆ¿Åœ¸¢›¸¡¸¸Ê (‡‚¸£¬¸ú) ׸£¸ ]¸¸£ú œÏ¢÷¸ž¸»¢÷¸ £¬¸ú™¸Ê
(‡¬¸‚¸£)/ œ¸ú’ú¬¸ú Ÿ¸Ê ¢›¸¨¸½©¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ¢¨¸î¸ú¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å „›Ÿ¸¸½\¸›¸ Ÿ¸»¥¡¸
‚¸¾£ ¢›¸¨¸¥¸ ¤¸íú Ÿ¸»¥¡¸ Ÿ¸Ê ¬¸½ (‚˜¸¸Ä÷¸ ¤¸íú Ÿ¸»¥¡¸ Ÿ¸Ê ¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸ œÏ¸¨¸š¸¸›¸
‹¸’¸ˆÅ£) ]¸¸½ ž¸ú ˆÅŸ¸ í¸½, „¬¸ ˆÅúŸ¸÷¸ œ¸£ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾.
``¢¤¸ÇÅú í½÷¸º „œ¸¥¸¤š¸'' ª½µ¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¨¸Š¸úĈ¼Å÷¸ ŽÀ „œ¸-ª½¢µ¸¡¸¸Ê ˆ½Å „œ¸¡¸ºÄÆ÷¸
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆ½Å ‚¸š¸¸£ œ¸£ À
(i) ¡¸¢™ ‚¸¿ˆÅ”õ¸Ê ˆÅ¸ œ¸¢£µ¸¸Ÿ¸ ‚¢š¸Ÿ¸»¥¡¸›¸ í¾ ÷¸¸½ ƒ¬¸ œ¸£ š¡¸¸›¸ ›¸íú¿ ¢™¡¸¸
Š¸¡¸¸ í¾.
(ii) ¡¸¢™ ‚¸¿ˆÅ”õ¸Ê ˆÅ¸ œ¸¢£µ¸¸Ÿ¸ ¢›¸¨¸¥¸ Ÿ¸»¥¡¸Ý¸¬¸ í¾ ÷¸¸½ „¬¸½ ¥¸¸ž¸ ¨¸ í¸¢›¸ ‰¸¸÷¸½
ˆÅ¸½ œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ‚¸¾£ ƒ¬¸½ ™½¡¸÷¸¸ ž¸¸Š¸ Ÿ¸Ê ¢›¸¨¸½©¸¸Ê œ¸£ Ÿ¸»¥¡¸Ý¸¬¸
í½÷¸º œÏ¸¨¸š¸¸›¸ (‡‡ûҬ¸) Ÿ¸Ê ]¸Ÿ¸¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
¤¸©¸÷¸½Ä, £µ¸›¸ú¢÷¸ˆÅ †µ¸ œ¸º›¸Š¸Ä“›¸ (‡¬¸”ú‚¸£) ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆ½Å
œ¸¢£µ¸¸Ÿ¸ú ‚¸¤¸¿¢’÷¸ ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê œ¸£ Ÿ¸»¥¡¸Ý¸¬¸, ¡¸¢™ ˆÅ¸½ƒÄ í¸½, ÷¸¸½
„¬¸½ †µ¸ ˆ½Å ƒ¦Æ¨¸’ú Ÿ¸Ê œ¸¢£¨¸÷¸Ä›¸ ˆÅú ÷¸¸£ú‰¸ ¬¸½ ¬¸úš¸ú ¥¸¸ƒ›¸ œ¸Ö¢÷¸ ˆ½Å
‚¸š¸¸£ œ¸£ ‚¢š¸ˆÅ÷¸Ÿ¸ 4 ˆ¾Å¥¸Ê”£ ¢÷¸Ÿ¸¸¢í¡¸¸Ê ¬¸½ ‚¢š¸ˆÅ ˆ½Å ¢¥¸‡ œÏ™¸›¸
¢ˆÅ‡ ]¸¸‡¿Š¸½—
(iii) ]¸í¸Â ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ‚¸¨¸©¡¸ˆÅ í¸½,
¨¸í¸Â Ž¸½”õˆÅ£ œ¸º›¸Ÿ¸»Ä¥¡¸›¸ ˆ½Å ¤¸¸™ ¤¸¸{¸¸£ í½÷¸º ¢\¸¦›í÷¸ (‡Ÿ¸’ú‡Ÿ¸)
œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å ¤¸íú Ÿ¸»¥¡¸ ˆÅ¸½ ¤¸™¥¸¸ ›¸íú¿ Š¸¡¸¸ í¾.
(iv) ƒ¬¸ ª½µ¸ú Ÿ¸Ê ¢›¸¨¸½©¸ ˆ½Å ¢¨¸ÇÅ¡¸ ¬¸½ íº‡ ¥¸¸ž¸ ¡¸¸ í¸¢›¸ ˆÅ¸½ ¥¸¸ž¸ ÷¸˜¸¸ í¸¢›¸
‰¸¸÷¸½ Ÿ¸Ê ¥¸½‰¸¸¤¸Ö ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
Š¸. ¨¡¸¸œ¸¸£ í½÷¸º š¸¸¢£÷¸ À
i. ƒ¬¸ ª½µ¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¨¸¾¡¸¢Æ÷¸ˆÅ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸½ Ÿ¸»¥¸ ¥¸¸Š¸÷¸ œ¸£ š¸¸¢£÷¸
¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ‚¸¾£ œÏ÷¡¸½ˆÅ Ÿ¸¸í ƒ›íÊ ¤¸¸]¸¸£ ˆÅ¸½ ‚¿¢ˆÅ÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾.
£¸]¡¸/ ˆ½Å›Í ¬¸£ˆÅ¸£ ˆ½Å œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ž¸¸£÷¸ú¡¸ ¦¬˜¸£ ‚¸¡¸
Ÿ¸ºÍ¸ ¤¸¸]¸¸£ ‚¸¾£ ”½¢£¨¸½¢’¨¸ ¬¸¿‹¸ (¢ûÅŸ¸”¸) ׸£¸ ‹¸¸½¢«¸÷¸ ¤¸¸]¸¸£ ™£¸Ê ˆ½Å
‚›¸º¬¸¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. ‚›¡¸ ‚›¸ºŸ¸¸½¢™÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ ‚¸¾£ ¢”¤¸Ê\¸£ ÷¸˜¸¸
¤¸¸Á›”¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ‚¸¡¸ ˆÅ¨¸Ä, ‚¸¾¬¸÷¸ †µ¸ ‚¿÷¸£ £½¢’¿Š¸ ‚¸¾£ ¢ûÅŸ¸”¸
׸£¸ ¬¸º^¸¸¡¸ú Š¸ƒÄ œ¸Ö¢÷¸ ¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. ˆÅ¸½’ ¢ˆÅ‡ Š¸‡ ©¸½¡¸£¸Ê ˆÅ¸
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¤¸¸]¸¸£ ™£ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
ii. ¤¸’Ã’¸ˆ¼Å÷¸ ¢¥¸‰¸÷¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸ ‚˜¸¸Ä÷¸ ‰¸]¸¸›¸¸ ¢¤¸¥¸, ]¸Ÿ¸¸ ˆÅ¸ œÏŸ¸¸µ¸œ¸°¸
‚¸¾£ ¨¸¸¢µ¸¦]¡¸ˆÅ œÏœ¸°¸, ]¸ú£¸½ ˆ»Åœ¸›¸ ¤¸¸Á›” ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ £‰¸¸¨¸ ¥¸¸Š¸÷¸
œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. Ÿ¡¸º\¸º‚¥¸ û¿Å” ¢¥¸‰¸÷¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ „›¸ˆÅú
„œ¸¥¸¤š¸÷¸¸ ˆ½Å ‚¸š¸¸£ œ¸£ ¤¸¸]¸¸£ ™£¸Ê ¡¸¸ œ¸º›¸‰¸Ä£ú™ú Ÿ¸»¥¡¸ ¡¸¸ ¢›¸¨¸¥¸
‚¸¦¬÷¸ Ÿ¸»¥¡¸ ˆ½Å ‚¸š¸¸£ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. œÏ¢÷¸ž¸»¢÷¸ œ¸º›¸¢›¸ÄŸ¸¸Äµ¸ ˆ¿Åœ¸¢›¸¡¸¸Ê
ˆÅ¸½ ¤¸½\¸ú Š¸ƒÄ ¢¨¸î¸ú¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ‚¸¦¬÷¸ œ¸º›¸¢›¸ÄŸ¸¸Äµ¸ ˆ¿Åœ¸¢›¸¡¸¸Ê
׸£¸ ]¸¸£ú œÏ¢÷¸ž¸»¢÷¸ £¬¸ú™ (‡¬¸‚¸£)/ œ¸ú’ú¬¸ú Ÿ¸Ê ¢›¸¨¸½©¸ ˆÅ¸½ ¢¨¸î¸ú¡¸
‚¸¦¬÷¸ ˆ½Å œÏ¢÷¸™¸›¸ Ÿ¸»¥¡¸ ‚¸¾£ ¢›¸¨¸¥¸ ¤¸íúŸ¸»¥¡¸ (‚˜¸¸Ä÷¸ ¤¸¢íŸ¸»¥¡¸ (-)
š¸¸¢£÷¸ œÏ¸¨¸š¸¸›¸) Ÿ¸Ê ¬¸½ ˆÅŸ¸ œ¸£ ‚¸Š¸½ ¥¸¸¡¸¸ Š¸¡¸¸ í¾.
iii. ¢›¸¨¸¥¸ ¬¸Ÿ¸»í¨¸¸£ Ÿ¸»¥¡¸Ý¸¬¸, ¡¸¢™ ˆÅ¸½ƒÄ í¾, ˆÅ¸½ ¥¸¸ž¸-í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê
œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ‚¸¾£ ™¸¢¡¸÷¨¸ œ¸®¸ Ÿ¸Ê ¢›¸¨¸½©¸ (¨¡¸¸œ¸¸£ í½÷¸º
83
b. Available for Sale:
The individual securities under this category are marked to
market on a quarterly basis and on each balance sheet date.
Central/ State Government securities are valued at market
rates declared by FIMMDA. Other approved securities,
debentures and bonds are valued as per the yield curve,
average credit spread rating and methodology suggested
by FIMMDA. Quoted shares are valued at market rates.
Unquoted shares are valued at break-up value ascertained
from the latest available Balance Sheet i.e. Balance Sheet
of immediate preceding year and in case the latest Balance
Sheet is not available, the same is valued at Re.1/- per
company / scrip.
Investments in discounted instruments, viz. Treasury Bills,
Certificate of Deposits, Commercial Papers, Zero Coupon
Bonds are valued at carrying cost. Mutual Fund Instruments
are valued at market rate or repurchase price or net
asset value in that order depending on their availability.
Investments in Security Receipts (SRs) /Pass Through
Certificates (PTCs) issued by Asset Reconstruction
Companies (ARCs) in respect of financial assets sold to
ARCs are carried at lower of redemption value and net book
value (i.e. book value less provision held) of the financial
assets.
Based on the above valuation under each of six-sub
classifications under `Available for Sale’:
i. If it results in appreciation, the same is ignored.
ii. If it results in net depreciation, the same is charged
to Profit & Loss account and credited to Provision for
Depreciation on Investments (AFS) in the liability side.
Provided that, depreciation, if any, on equity shares
allotted consequent to implementation of Strategic
Debt Restructuring (SDR) shall be provided for over a
maximum of 4 calendar quarters on straight line basis
from the date of conversion of debt into equity.
iii. The book value of securities is not changed in respect
of marked to market (MTM) except as required by the
RBI guidelines.
iv. Profit or Loss on sale of investment in this category is
accounted for in the Profit and loss account.
c. Held for Trading:
i. The individual securities under this category are
held at original cost and are marked to market every
month and each balance sheet date. Central/ State
Government securities are valued at market rates
declared by FIMMDA. Other approved securities,
debentures and bonds are valued as per the yield
curve; average credit spread rating and methodology
suggested by FIMMDA. Quoted Shares are valued at
market rates.
ii. Investments in discounted instruments, viz. Treasury
Bills, Certificate of Deposits, Commercial Papers,
Zero Coupon Bonds are valued at carrying cost.
Mutual Fund Instruments are valued at market rate
or repurchase price or net asset value in that order
depending on their availability. Investments in SRs /
PTCs issued by ARCs in respect of financial assets
sold to ARCs are carried at lower of redemption value
and net book value (i.e. book value less provision
held), of the financial assets.
iii. Net basket-wise depreciation if any, is charged to
Profit & Loss Account and credited to Provision on
 Annual Report 2020-21

š¸¸¢£÷¸) œ¸£ Ÿ¸»¥¡¸Ý¸¬¸ í½÷¸º œÏ¸¨¸š¸¸›¸ ˆÅ¸½ ]¸Ÿ¸¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. ¡¸¢™ ˆÅ¸½ƒÄ Depreciation on Investment (HFT) under liability. Net
¢›¸¨¸¥¸ ¨¸¼¢Ö íºƒÄ í¾ ÷¸¸½ „¬¸½ Ž¸½”õ ¢™¡¸¸ Š¸¡¸¸ í¾. ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å appreciation, if any is ignored. The book value of the
securities is not changed after revaluation except as
¢™©¸¸¢›¸™½Ä©¸¸Ê ˆÅú ‚œ¸½®¸¸ ˆÅ¸½ Ž¸½”õˆÅ£ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿ˆÅ›¸ ˆ½Å œ¸ä¸¸÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê
required by the RBI guidelines.
ˆ½Å ¤¸íúŸ¸»¥¡¸ ˆÅ¸½ ¤¸™¥¸¸ ›¸íú¿ Š¸¡¸¸ í¾.
iv. Profit or loss on sale of investment in this category is
iv. ƒ¬¸ ª½µ¸ú Ÿ¸Ê ¢›¸¨¸½©¸ ˆ½Å ¢¨¸ÇÅ¡¸ œ¸£ „÷œ¸››¸ ¥¸¸ž¸ ¡¸¸ í¸¢›¸ ˆÅ¸½ ¥¸¸ž¸ ¨¸ í¸¢›¸ accounted for in the Profit & Loss Account.
‰¸¸÷¸½ Ÿ¸Ê ¥¸½‰¸¸¤¸Ö ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. d. Classification of and provisions on investments, including
‹¸. œ¸º›¸Š¸Ä¢“÷¸ ¢›¸¨¸½©¸¸Ê œ¸£ ©¸¸¢Ÿ¸¥¸ ¢›¸¨¸½©¸¸Ê œ¸£ œÏ¸¨¸š¸¸›¸ ‚¸¾£ „›¸ˆÅ¸ ¨¸Š¸úĈţµ¸ on restructured investments, are made in accordance with
¬¸Ÿ¸¡¸-¬¸Ÿ¸¡¸ œ¸£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ]¸¸£ú ¢™©¸¸¢›¸™½Ä©¸¸Ê ‚¸¾£ „›¸ˆ½Å ׸£¸ the prudential norms prescribed by and guidelines of RBI
¢›¸š¸¸Ä¢£÷¸ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä Ÿ¸¸›¸™¿”¸Ê ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. from time to time.
Œ. œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å ‚¢š¸ŠÏíµ¸ ˆ½Å ¬¸Ÿ¸¡¸ „œ¸¢\¸÷¸ ¥¸¸Š¸÷¸ ]¸¾¬¸½ ¢ˆÅ ¤Ï¸½ˆÅ£½]¸, ûÅú¬¸, e. Costs such as brokerage, fees, commission, taxes
ˆÅŸ¸ú©¸›¸, ˆÅ£ ƒ÷¡¸¸¢™ ˆÅ¸ œ¸»¿]¸úˆÅ£µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. etc. incurred at the time of acquisition of securities are
capitalized.
3.7 ”½¢£¨¸½¢’¨]¸ À 3.7 Derivatives:
¤¡¸¸]¸ ™£ ¬¨¸¾œ¸ À Interest Rate Swaps:
i) Ÿ¸»¥¡¸¸¿ˆÅ›¸ À i. Valuation:
ˆÅ) í½¢]¸¿Š¸ ¬¨¸¾œ¸ À ‚¸¦¬÷¸¡¸¸¿ ‚¸¾£ ™½¡¸÷¸¸‚¸Ê ˆ½Å ¢¥¸‡ í½¢]¸¿Š¸ ¤¡¸¸]¸ ™£ a. Hedging Swaps: Interest Rate Swaps for hedging
¬¨¸¾œ¸ ˆÅ¸½ ¤¸¸]¸¸£ ˆ½Å ¢¥¸‡ ‚¿¢ˆÅ÷¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. assets and liabilities are not marked to market.
‰¸) ’ï½¢”¿Š¸ ¬¨¸¾œ¸ À ’ï½¢”¿Š¸ ˆ½Å „Ó½©¡¸ í½÷¸º ¤¡¸¸]¸ ™£ ¬¨¸¾œ¸ ˆÅ¸½ ¤¸¸]¸¸£ ˆÅ¸½ b. Trading Swaps: Interest Rate Swaps for trading
‚¿¢ˆÅ÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. purpose are marked to market.
ii) ”½¢£¨¸½¢’¨¸ ¬¸¸¾™¸Ê œ¸£ ‚¸¡¸ ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸ À ii. Accounting of income on derivative deals:

ˆÅ) í½¢]¸Š¸ ¬¨¸¾œ¸À ‚¸¡¸ ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸ ¨¸¬¸»¥¸ú ˆ½Å ‚¸š¸¸£ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ a. Hedging Swaps: Income is accounted for on
realization basis. Expenditure, if any, is accounted
í¾. ¡¸¢™ ˆÅ¸½ƒÄ ¢›¸¢ä¸÷¸ ¢ˆÅ¡¸¸ ]¸¸›¸½ ¨¸¸¥¸¸ ‰¸\¸Ä í¾ ÷¸¸½ „¬¸ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸ for on accrual basis, if ascertainable.
¬¸¿\¸¡¸ú ‚¸š¸¸£ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
b. Trading Swaps: Income or expenditure is
‰¸) ’ï½¢”¿Š¸ ¬¨¸¾œ¸ À ¢›¸œ¸’¸£¸ ¢™›¸¸¿ˆÅ œ¸£ ¨¸¬¸»¥¸ú ˆ½Å ‚¸š¸¸£ œ¸£ ‚¸¡¸ accounted for on realization basis on settlement
‚¸¾£ ‰¸\¸Ä ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. date.
(iii) ¬¨¸¾œ¸ ¬¸Ÿ¸¸¦œ÷¸ œ¸£ ‚¸¡¸ ¡¸¸ í¸¢›¸ ˆÅ¸ ¥¸½‰¸¸À iii. Accounting of gain or loss on termination of swaps:
ˆÅ) í½¢]¸¿Š¸ ¬¨¸¾œ¸ À ¬¸Ÿ¸¸œ÷¸ íº‡ ¬¨¸¾œ¸ œ¸£ íºƒÄ ¢ˆÅ¬¸ú ž¸ú í¸¢›¸ ¡¸¸ a. Hedging Swaps: Any gain or loss on the
¥¸¸ž¸ ˆÅ¸½ (ˆÅ) ¬¨¸¾œ¸ ˆÅú ©¸½«¸ ¤¸\¸ú ¬¸¿¢¨¸™¸÷Ÿ¸ˆÅ ‚¨¸¢š¸ ¡¸¸ (‰¸) terminated swap is recognized over the shorter
‚¸¦¬÷¸/ ™½¡¸÷¸¸ ˆÅú ©¸½«¸ ‚¨¸¢š¸, ]¸¸½ ž¸ú ˆÅŸ¸ í¸½, ˆÅú ‚¨¸¢š¸ ˆ½Å of (a) the remaining contractual life of the swap or
(b) the remaining life of the asset/ liability.
¢¥¸‡ ¬¨¸úˆÅ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
‰¸) ’ï½¢”¿Š¸ ¬¨¸¾œ¸ À ¬¨¸¾œ¸ ¬¸Ÿ¸¸¦œ÷¸ œ¸£ ¢ˆÅ¬¸ú ž¸ú ¥¸¸ž¸ ¡¸¸ í¸¢›¸ ˆÅ¸½ ¬¨¸¾œ¸ b. Trading Swaps: Any gain or loss on terminated
swap is recognized as income or expenditure in
¬¸Ÿ¸¸¦œ÷¸ ˆ½Å ¨¸«¸Ä Ÿ¸Ê íú ‚¸¡¸ ¡¸¸ ‰¸\¸Ä ˆ½Å ³Åœ¸ Ÿ¸Ê ¬¨¸úˆÅ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸
the year of termination.
í¾.
3.8 ¢›¸¨¸½©¸ ‚¦¬˜¸£ ¢£{¸¨¸ÄÀ 3.8 Investment Fluctuation Reserve:
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å 2 ‚œÏ¾¥¸, 2018 ˆÅú œ¸¢£œ¸°¸ ¬¸¿‰¡¸¸ RBI / 2017- As per RBI circular number RBI/2017-18/147 DBR.No.BP
18 / 147 DBR.No.BP BC .102 / 21.04.048 / 2017-18 ˆ½Å BC .102/21.04.048/2017-18 dated April 2, 2018, Investment
Fluctuation Reserve (IFR) is created to build up of adequate
‚›¸º¬¸¸£ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2018-19 ¬¸½ œ¸¾™¸¨¸¸£ Ÿ¸Ê ¨¸¼¢Ö ˆ½Å ¬¸Ÿ¸®¸ ¤¸ÿˆÅ ˆÅ¸½ ¬¸º£¢®¸÷¸ reserves to protect the bank against increase in yields with
£‰¸›¸½ ˆ½Å ¢¥¸‡ œ¸¡¸¸Äœ÷¸ ž¸¿”¸£ ¤¸›¸¸›¸½ ˆ½Å ¢¥¸‡ ¢›¸¨¸½©¸ Ÿ¸Ê ‚¦¬˜¸£ ¢£{¸¨¸Ä (IFR) effect from FY 2018-19.
¤¸›¸¸¡¸¸ Š¸¡¸¸ í¾—
Transfer to IFR is lower of the following –
‚¸ƒÄ‡ûÅ‚¸£ Ÿ¸Ê ‚¿÷¸£µ¸ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ Ÿ¸Ê ¬¸½ ˆÅŸ¸ í¾ - a. Net profit on sale of Investments during the year or
ˆÅ. ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢›¸¨¸½©¸ ˆÅú ¢¤¸ÇÅú œ¸£ ¢›¸¨¸¥¸ ¥¸¸ž¸ ¡¸¸ b. Net profit for the year less mandatory appropriations,
‰¸. ¥¸Š¸¸÷¸¸£ ‚¸š¸¸£ œ¸£, ¨¸«¸Ä ˆ½Å ¢¥¸‡ ¢›¸¨¸¥¸ ¥¸¸ž¸ ‹¸’¸‡¿ ‚¢›¸¨¸¸¡¸Ä until the amount of IFR is at least 2 percent of the HFT
¢¨¸¢›¸¡¸¸½Š¸, ]¸¤¸ ÷¸ˆÅ ¢ˆÅ IFR ˆÅú £¸¢©¸ HFT ‚¸¾£ AFS œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ and AFS portfolio, on a continuing basis
ˆÅú ˆÅŸ¸ ¬¸½ ˆÅŸ¸ 2 œÏ¢÷¸©¸÷¸ í¸½ 4. Advances:
4. ‚¢ŠÏŸ¸À 4.1 Advances are disclosed net of write offs, provisions made
for non-performing assets, claims settled with the credit
4.1 ™©¸¸Ä‡ Š¸‡ ‚¢ŠÏŸ¸ ¤¸’Ã’½ ”¸¥¸½ Š¸¡¸½ ‰¸¸÷¸¸Ê, ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê í½÷¸º ¢ˆÅ‡ Š¸‡ guarantee institutions, provision for diminution in fair value
œÏ¸¨¸š¸¸›¸, †µ¸ Š¸¸£¿’ú ¬¸¿¬˜¸¸›¸¸Ê ¬¸½ ¢›¸œ¸’¸‡ Š¸‡ ™¸¨¸¸Ê, œ¸º›¸ž¸¸ô¢]¸÷¸ ¢¤¸¥¸¸Ê ‚¸¾£ for restructured advances and bills rediscounted.
œ¸º›¸Š¸Ä¢“÷¸ ‚¢ŠÏŸ¸¸Ê ˆ½Å ¢¥¸‡ „¢\¸÷¸ Ÿ¸»¥¡¸ Ÿ¸Ê ‚¨¸›¸¢÷¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ ˆÅ¸ ¢›¸¨¸¥¸ 4.2 Classification of advances and provisions thereon are made
í¾. in accordance with the prudential norms prescribed by and
4.2 œÏ¸¨¸š¸¸›¸¸Ê ‚¸¾£ ‚¢ŠÏŸ¸¸Ê ˆÅ¸ ¨¸Š¸úĈţµ¸ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¬¸Ÿ¸¡¸-¬¸Ÿ¸¡¸ guidelines of RBI from time to time, except in respect of
œ¸£ ¢¨¸¢›¸¢™Ä«’ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä Ÿ¸¸›¸™¿”¸Ê ‚¸¾£ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, following category of advances, provision on NPAs are
¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ª½µ¸ú ˆ½Å ‚¢ŠÏŸ¸¸Ê ˆÅ¸½ Ž¸½”õˆÅ£, ‡›¸œ¸ú‡ œ¸£ œÏ¸¨¸š¸¸›¸ ‚¸£¤¸ú‚¸ƒÄ made higher than the rate prescribed by RBI -
׸£¸ ¢›¸š¸¸Ä¢£÷¸ ™£ ¬¸½ ‚¢š¸ˆÅ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ - Sub-standard - 20%
„œ¸-Ÿ¸¸›¸ˆÅ - 20% Doubtful Assets One to three years - 50% on secured
¬¸¿¢™Šš¸ ¬¸¿œ¸¢î¸ ‡ˆÅ ¬¸½ ÷¸ú›¸ ¬¸¸¥¸ - œÏ÷¡¸¸ž¸»÷¸ ¢í¬¬¸½ œ¸£ 50% portion

84
Jeeef<e&keÀ efjHeesì& 2020-21
4.3 œ¸º›¸¢›¸Äš¸¸Ä¢£÷¸ Ÿ¸¸›¸ˆÅ ‚¢ŠÏŸ¸¸Ê œ¸£ œÏ¸¨¸š¸¸›¸ ˆÅ¸½ Ž¸½”õˆÅ£ ‚]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê œ¸£
œÏ¸¨¸š¸¸›¸ ˆÅ¸½ ``‚›¡¸ ™½¡¸÷¸¸‚¸Ê ¨¸ œÏ¸¨¸š¸¸›¸'' ©¸ú«¸Ä Ÿ¸Ê ™©¸¸Ä¡¸¸ Š¸¡¸¸ í¾.
4.4 œ¸º›¸¢›¸Äš¸¸Ä¢£÷¸/ œ¸º›¸¬¸ô£¢\¸÷¸ ‰¸¸÷¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê, œ¸º›¸Š¸Ä¢“÷¸ ‚¢ŠÏŸ¸¸Ê ˆ½Å „¢\¸÷¸
Ÿ¸»¥¡¸ Ÿ¸Ê ‚¨¸›¸¢÷¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆÅú ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å
‚›¸º¬¸¸£ ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¡¸ ‚¸š¸¸£ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
‡¬¸”ú‚¸£ ˆ½Å ÷¸í÷¸ ‚¢ŠÏŸ¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê, ‚¸£¤¸ú‚¸ƒÄ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å
‚›¸º¬¸¸£, ‚¢š¸ˆÅ÷¸Ÿ¸ \¸¸£ ¢÷¸Ÿ¸¸¢í¡¸¸Ê ˆ½Å ž¸ú÷¸£ œÏ¸¨¸š¸¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
4.5 ‚¸¦¬÷¸ œ¸º›¸¢›¸ÄŸ¸¸Äµ¸ ˆ¿Åœ¸›¸ú (‡‚¸£¬¸ú)/ œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ˆ¿Åœ¸›¸ú (‡¬¸¬¸ú)
ˆÅ¸½ ¤¸½\¸ú Š¸ƒÄ ¢¨¸î¸ú¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê ¡¸¢™ ¢¨¸ÇÅ¡¸ ¢›¸¨¸¥¸ ¤¸íúŸ¸»¥¡¸
(‡›¸¤¸ú¨¸ú) ¬¸½ ‚¢š¸ˆÅ Ÿ¸»¥¡¸ œ¸£ íº‚¸ í¾ ÷¸¸½ ‚¢š¸©¸½«¸ ¤¸\¸¸ˆÅ£ £‰¸¸ ]¸¸÷¸¸
í¾ ‚¸¾£ ‡¬¸¬¸ú/ ‡‚¸£¬¸ú ˆÅ¸½ ‚›¡¸ ¢¨¸î¸ú¡¸ ¬¸¿œ¸¢î¸¡¸¸Ê ˆÅú ¢¤¸ÇÅú ˆ½Å ‰¸¸÷¸½ Ÿ¸Ê
ˆÅŸ¸ú/ í¸¢›¸ ˆÅ¸½ œ¸»£¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ „œ¸¡¸¸½Š¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾. ¡¸¢™ ¢¨¸ÇÅ¡¸ ¢›¸¨¸¥¸
¤¸íúŸ¸»¥¡¸ (‡›¸¤¸ú¨¸ú) ¬¸½ ˆÅŸ¸ Ÿ¸»¥¡¸ œ¸£ íº‚¸ í¾, (‚˜¸¸Ä÷¸ ¤¸ˆÅ¸¡¸¸ ‹¸’¸‡¿ š¸¸¢£÷¸
œÏ¸¨¸š¸¸›¸) ÷¸¸½ ˆÅŸ¸ú ˆÅ¸½ ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ ¬¸½ ›¸¸Ÿ¸½ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾. ÷¸˜¸¸¢œ¸
‚Š¸£ ‚¢š¸©¸½«¸ „œ¸¥¸¤š¸ í¾ ÷¸¸½ ƒ›¸ ˆÅ¢Ÿ¸¡¸¸Ê ˆÅ¸½ ‚¢š¸©¸½«¸ ׸£¸ ‚¨¸©¸¸½¢«¸÷¸ ˆÅ£
¢¥¸¡¸¸ ]¸¸‡Š¸¸. ‡›¸œ¸ú‡ ˆÅú ¢¤¸ÇÅú ˆ½Å ˆÅ¸£µ¸ ¢ˆÅ¬¸ú œÏˆÅ¸£ ˆÅú ˆÅŸ¸ú ˆÅ¸½ ‚¢š¸©¸½«¸
׸£¸ ‚¨¸©¸¸½¢«¸÷¸ ›¸ ¢ˆÅ‡ ]¸¸›¸½ œ¸£ „¬¸½ 2 ¨¸«¸¸½ô ˆÅú ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ œ¸¢£©¸¸½¢š¸÷¸
¢ˆÅ¡¸¸ ]¸¸‡Š¸¸.
4.3 Provision for performing assets, other than provision on
standard restructured advances, is shown under the head
“Other liabilities and provisions”.
4.4 In respect of Rescheduled/ Restructured accounts, provision
for diminution in fair value of restructured advances is made
on present value basis as per RBI guidelines.
In respect of advances under SDR, provision is made in
accordance with RBI guidelines, within a maximum period
of four quarters.
4.5 In case of financial assets sold to Asset Reconstruction
Company (ARC)/ Securitization Company (SC), if the sale
is at a price higher than the NBV, the surplus is retained and
utilised to meet the shortfall/loss on account of sale of other
financial assets to SC/ARC. If the sale is at a price below
the net book value (NBV), (i.e. outstanding less provision
held) the shortfall is to be debited to the Profit and Loss
account. However if surplus is available, such shortfall will
be absorbed in the surplus. Any shortfall arising due to sale
of NPA will be amortised over a period of two years if not
absorbed in the surplus.

‡›¸œ¸ú‡ ˆÅú ¢¤¸ÇÅú ˆ½Å ˆÅ¸£µ¸ ¢ˆÅ‡ ]¸¸›¸½¨¸¸¥¸½ ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸ ˆÅ¸½ ÷¸ž¸ú Excess provision arising out of sale of NPAs are reversed
only when the cash received (by way of initial consideration
„¥¸’¸ ]¸¸÷¸¸ í¾ ]¸¤¸ œÏ¸œ÷¸ ›¸ˆÅ™ú (‚¸£¿¢ž¸ˆÅ œÏ¢÷¸ûÅ¥¸/ ‡¬¸‚¸£/ œ¸ú’ú¬¸ú ˆ½Å
only/or redemption of SRS/PTC) is higher than the net book
œÏ¢÷¸™¸›¸ ˆ½Å ׸£¸) ‚¸¦¬÷¸ ˆ½Å ¢¨¸ÇÅ¡¸ ¢›¸¨¸¥¸ ¤¸íúŸ¸»¥¡¸ (‡›¸¤¸ú¨¸ú) ¬¸½ ‚¢š¸ˆÅ í¸½. value (NBV) of the asset. Reversal of excess provision will
‚¸¦¬÷¸¡¸¸Ê ˆ½Å ‡›¸¤¸ú¨¸ú ¬¸½ ‚¢š¸ˆÅ œÏ¸œ÷¸ ›¸ˆÅ™ú ˆÅú ¬¸úŸ¸¸ ˆ½Å ¢¥¸‡ íú ‚¢÷¸¢£Æ÷¸ be limited to the extent to which cash received exceeds the
œÏ¸¨¸š¸¸›¸ ˆÅ¸ œÏ÷¡¸¸¨¸÷¸Ä›¸ ¬¸ú¢Ÿ¸÷¸ í¸½Š¸¸. NBV of the asset.
5. ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸¿ ‡¨¸¿ Ÿ¸»¥¡¸Ý¸¬¸À 5. Fixed Assets and Depreciation:
5.1 œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ Ÿ¸»¥¡¸ œ¸£ „¦¥¥¸¢‰¸÷¸ ‚¸¾£ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ ¢ˆÅ‡ Š¸‡ ˆÅ¢÷¸œ¸¡¸ 5.1 Premises and Other Fixed Assets are carried at cost less
œ¸¢£¬¸£¸Ê ˆÅ¸½ Ž¸½”õˆÅ£ œ¸¢£¬¸£ ‚¸¾£ ‚›¡¸ ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸½ ¥¸¸Š¸÷¸ ‹¸’¸‡¿ accumulated depreciation/ amortization, except for certain
Ÿ¸»¥¡¸Ý¸¬¸/ †µ¸ œ¸¢£©¸¸½š¸›¸ œ¸£ ¥¸½‰¸¸¤¸Ö ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. premises, which were revalued and stated at revalued amount.
Cost includes cost of purchase, taxes as per GST law and
¥¸¸Š¸÷¸ Ÿ¸Ê ]¸ú‡¬¸’ú ˆÅ¸›¸»›¸ ˆ½Å ‚›¸º¬¸¸£ ˆÅ£, ‰¸£ú™ ˆÅú ¥¸¸Š¸÷¸ ‚¸¾£ ¬¸ž¸ú ‰¸\¸Ä
all expenditure such as site preparation, installation costs
©¸¸¢Ÿ¸¥¸ íÿ ]¸¾¬¸½ ¢ˆÅ ¬¸¸ƒ’ ˆÅú ÷¸¾¡¸¸£ú, ¬˜¸¸œ¸›¸¸ ¥¸¸Š¸÷¸ ‚¸¾£ „œ¸¡¸¸½Š¸ ˆÅ£›¸½ ¬¸½ and professional fees incurred on the asset before it is put
œ¸í¥¸½ ‚¸¦¬÷¸ œ¸£ „œ¸¢\¸÷¸ œ¸½©¸½¨¸£ ©¸º¥ˆÅ— „œ¸¡¸¸½Š¸ ¢ˆÅ‡ ]¸¸›¸½ ¨¸¸¥¸ú ¬¸¿œ¸¢î¸¡¸¸Ê to use. Subsequent expenditure(s) incurred on the assets
œ¸£ „œ¸¢\¸÷¸ ¢ˆÅ‡ Š¸‡ ¤¸¸™ ˆ½Å ¨¡¸¡¸ (¨¡¸¡¸¸Ê) ˆ½Å¨¸¥¸ ÷¸ž¸ú œ¸»¿]¸úŠ¸÷¸ í¸½÷¸½ íÿ, ]¸¤¸ put to use are capitalised only when it increases the future
¡¸í ‡½¬¸ú ‚¸¦¬÷¸¡¸¸Ê ¡¸¸ „›¸ˆÅú ˆÅ¸¡¸Ä ®¸Ÿ¸÷¸¸ ¬¸½ ž¸¢¨¸«¡¸ ˆ½Å ¥¸¸ž¸ ˆÅ¸½ ¤¸[õ¸÷¸¸ í¾— benefits from such assets or their functioning capability
5.2 ‚\¸¥¸ ‚¸¦¬î¸¡¸¸Ê œ¸£ Ÿ¸»¥¡¸Ý¸¬¸ ›¸ú\¸½ ™ú Š¸ƒÄ ™£¸Ê ˆ½Å ¢¥¸‡ œÏ™¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ 5.2 Depreciation on fixed assets is provided for at the rates
í¾, œ¸º›¸£ú¢®¸÷¸ ¬¸¿œ¸¢î¸ ˆÅ¸½ Ž¸½”õˆÅ£, ]¸í¸¿, œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ £¸¢©¸ œ¸£ ¬¸¿œ¸¢î¸ ˆ½Å specified below, except revalued assets where, depreciation
©¸½«¸ „œ¸¡¸¸½Š¸ú ]¸ú¨¸›¸ œ¸£ Ÿ¸»¥¡¸Ý¸¬¸ œÏ™¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾, ÷¸¸¢ˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å is provided over the remaining useful life of the assets on
‚¨¸¢©¸«’ ]¸ú¨¸›¸ œ¸£ ¬¸¿œ¸¢î¸ ˆÅ¸ Ÿ¸»¥¡¸ ²Åœ¸¡¸¸ ‡ˆÅ ¢¥¸‰¸¸ ]¸¸ ¬¸ˆ½Å— revalued amount, so as to write down value of assets to
Rupee One over the residual life of the assets.
Ÿ¸»¥¡¸Ý¸¬¸ ˆÅú Ÿ¸»¥¡¸Ý¸¬¸ ˆÅú Rate of Method of
‚.ÇÅ. ‚¸¦¬÷¸¡¸¸Ê ˆÅú ª½µ¸ú S.N. Category of Asset
™£ (%) œ¸Ö¢÷¸ Depreciation (%) depreciation
1 ž¸¨¸›¸ ‚¸¾£ œ¸¢£¬¸£ 5.00 ”ú¤¸ú‡Ÿ¸ 1 Building & Premises 5.00 DBM
2 ¬¸½ûÅ ¬¸¢í÷¸ ¬¸¸Ÿ¸¸›¡¸ Ÿ¸™Ê 18.10 ”ú¤¸ú‡Ÿ¸ General items
2 18.10 DBM
3 ƒ¥¸½¦Æ’ïˆÅ¥¸ „œ¸ˆÅ£µ¸ 13.91 ”ú¤¸ú‡Ÿ¸ including Safe
4 ‚¸Á¢ûŬ¸ Ÿ¸©¸ú›¸£ú 13.91 ”ú¤¸ú‡Ÿ¸ 3 Electrical Equipment’s 13.91 DBM
5 Ÿ¸¸½’£ ¨¸¸í›¸ 25.89 ”ú¤¸ú‡Ÿ¸ 4 Office Machinery 13.91 DBM
6 ¬¸½ûÅ ¢”œ¸¸Á¢]¸’ ¨¸¸Á¥’ 13.91 ”ú¤¸ú‡Ÿ¸ 5 Motor Vehicles 25.89 DBM
7 ¤¸¸ƒÄ¢¬¸ˆÅ¥¸ 20.00 ”ú¤¸ú‡Ÿ¸ 6 Safe Deposit Vault 13.91 DBM
8 ˆÅŸœ¡¸»’£ ‚¸¾£ ¥¸¾œ¸’¸Áœ¸ 33.33 ‡¬¸‡¥¸‡Ÿ¸ 7 Bicycle 20.00 DBM
9 ‡’ú‡Ÿ¸ 14.29 ‡¬¸‡¥¸‡Ÿ¸ 8 Computer & Laptops 33.33 SLM
9 ATM 14.29 SLM
10 ¡¸»œ¸ú‡¬¸ 20.00 ‡¬¸‡¥¸‡Ÿ¸
10 UPS 20.00 SLM
11 ¤¸ú‡›¸‡ 14.29 ‡¬¸‡¥¸‡Ÿ¸
11 BNA 14.29 SLM
12 ˆ¾Å©¸-¢£¬¸¸ƒˆÅ¥¸¬¸Ä 14.29 ‡¬¸‡¥¸‡Ÿ¸
12 Cash Re-cycler 14.29 SLM
*”ú¤¸ú‡Ÿ¸ ‚˜¸¸Ä÷¸ ‹¸’÷¸ú íºƒÄ ¬¸¿÷¸º¥¸›¸ ¢¨¸¢š¸
*DBM means Diminishing Balance Method
* ‡¬¸‡¥¸‡Ÿ¸ ‚˜¸¸Ä÷¸ ¬’ï½’ ¥¸¸ƒ›¸ Ÿ¸½˜¸” *SLM means Straight Line Method
5.3 ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ‰¸£ú™ú Š¸ƒÄ ¬¸¿œ¸¢î¸¡¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ‚¸›¸ºœ¸¸¢÷¸ˆÅ ‚¸š¸¸£ œ¸£ œ¸»£½
5.4 In respect of assets acquired during the year, depreciation
¨¸«¸Ä ˆÅ¸ Ÿ¸»¥¡¸Ý¸¬¸ „÷¸›¸½ ¢™›¸¸Ê ˆ½Å ¢¥¸‡ ¥¸Š¸¸¡¸¸ Š¸¡¸¸ í¾ ¢]¸›¸Ÿ¸Ê ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ is provided on proportionate basis for the number of days
‚¸¦¬÷¸¡¸¸Ê ˆÅ¸½ „œ¸¡¸¸½Š¸ ˆ½Å ¢¥¸‡ £‰¸¸ Š¸¡¸¸ í¾— the assets have been put to use during the year.

85

ƒ¬¸ú ÷¸£í ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸½\¸ú / Ž¸½”õú Š¸ƒÄ ¬¸¿œ¸¢î¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê, Ÿ¸»¥¡¸Ý¸¬¸ ˆÅ¸½
‚¸›¸ºœ¸¸¢÷¸ˆÅ ‚¸š¸¸£ œ¸£ œÏ™¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾, „÷¸›¸½ ¢™›¸¸Ê ÷¸ˆÅ ]¸¤¸ ÷¸ˆÅ ¢ˆÅ ¨¸«¸Ä
ˆ½Å ™¸¾£¸›¸ œ¸¢£¬¸¿œ¸¢î¸¡¸¸Ê ˆÅ¸ „œ¸¡¸¸½Š¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¸½—
5.4 í£ ÷¸ú›¸ ¬¸¸¥¸ Ÿ¸Ê ‡ˆÅ ¤¸¸£ ‚\¸¥¸ ¬¸¿œ¸¢î¸ ˆÅ¸ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆ½Å ¬¸Ÿ¸¡¸ ¬¨¸úˆ¼Å÷¸ Ÿ¸»¥¡¸¸¿ˆÅˆÅ¸Ê ׸£¸ œÏŸ¸¸¢µ¸÷¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ‚¨¸¢©¸«’
]¸ú¨¸›¸ œ¸£ ‹¸’÷¸ú ©¸½«¸ œ¸Ö¢÷¸ (‚\¸¥¸ ¬¸¿œ¸¢î¸¡¸¸Ê ˆÅú ¥¸¸Š¸÷¸ ¬¸½ ‚¢š¸ˆÅ ‚¸¾£
…œ¸£) ˆÅ¸ ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ ¢í¬¬¸¸ ‹¸’¸¡¸¸ ]¸¸÷¸¸ í¾—
¥¸ú{¸ œ¸£ š¸¸¢£÷¸ {¸Ÿ¸ú›¸¸Ê ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ œ¸º›¸Ÿ¸»Ä¥¡¸›¸ ‚¸£¢®¸¢÷¸ ˆÅ¸½ ¥¸ú{¸ ‚¨¸¢š¸ ˆ½Å
‚¨¸¢©¸«’ ]¸ú¨¸›¸ œ¸£ ¬¸úš¸ú £½‰¸¸ œ¸Ö¢÷¸ œ¸£ œ¸¢£©¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
¥¸¸Š¸÷¸ ˆ½Å ‚¢š¸ˆÅ ‚¸¾£ …œ¸£ ‚\¸¥¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ ¢í¬¬¸½ œ¸£
Ÿ¸»¥¡¸Ý¸¬¸, ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ›¸¸Ÿ¸½ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ¥¸¸ž¸ ‚¸¾£ í¸¢›¸
‰¸¸÷¸½ ˆ½Å ¢¥¸‡ ›¸¸Ÿ¸½ ¥¸¸Š¸÷¸ ˆ½Å ‚¢š¸ˆÅ ‚\¸¥¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å œÏ÷¡¸¸¨¸¢÷¸Ä÷¸ ¢í¬¬¸½
¬¸½ ¬¸¿¤¸¿¢š¸÷¸ Ÿ¸»¥¡¸Ý¸¬¸ ˆÅú ¬¸úŸ¸¸ ÷¸ˆÅ œ¸º›¸Ÿ¸»Ä¥¡¸›¸ ‚¸£¢®¸¢÷¸ ˆÅú £¸¢©¸ œ¸º›¸Ÿ¸»Ä¥¡¸›¸
‚¸£¢®¸¢÷¸ ¬¸½ £¸]¸¬¨¸ ‚¸£¢®¸¢÷¸ Ÿ¸Ê ¬˜¸¸›¸¸¿÷¸¢£÷¸ ˆÅ£ ™ú ]¸¸÷¸ú í¾—
5.5 œ¸’Ã’½¨¸¸¥¸ú œ¸¢£¬¸£¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê, ¥¸ú]¸ œÏú¢Ÿ¸¡¸Ÿ¸, ¡¸¢™ ˆÅ¸½ƒÄ í¸½, ˆÅ¸ œ¸¢£©¸¸½š¸›¸
œ¸’Ã’¸ ‚¨¸¢š¸ Ÿ¸Ê ¬¸£¥¸ £½‰¸¸ œ¸Ö¢÷¸ (‡¬¸‡¥¸‡Ÿ¸) œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
6. £¸]¸¬¨¸ ‚¢ž¸¢›¸š¸¸Ä£µ¸ À
6.1 ›¸ˆÅ™ú ‚¸š¸¸£ œ¸£ ¥¸½‰¸¸¤¸Ö ¢›¸Ÿ›¸¸¿¢ˆÅ÷¸ Ÿ¸™¸Ê ˆÅ¸½ Ž¸½”õˆÅ£, ¬¸ž¸ú £¸]¸¬¨¸ ‚¸¾£
¥¸¸Š¸÷¸¸Ê ˆÅ¸½ ¬¸¿\¸¡¸ú ‚¸š¸¸£ œ¸£ ¥¸½‰¸¸¤¸Ö ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ À-
ˆÅ. ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¬¸Ÿ¸¡¸-¬¸Ÿ¸¡¸ œ¸£ ]¸¸£ú ¢ˆÅ‡ Š¸‡ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä
Ÿ¸¸›¸™¿”¸Ê ‚¸¾£ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê
‚¢ž¸¢›¸š¸¸Ä¢£÷¸ ‚¢ŠÏŸ¸¸Ê ‡¨¸¿ ¢›¸¨¸½©¸¸Ê œ¸£ ¤¡¸¸]¸
‰¸. ˆÅŸ¸ú©¸›¸ ¬¸½ ‚¸¡¸ ¡¸˜¸¸-Š¸¸£¿’ú, ¬¸¸‰¸ œ¸°¸, ¬¸£ˆÅ¸£ú ˆÅ¸£¸½¤¸¸£, ¤¸ÿˆÅ-
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ˆÅ¸”Ä ‚¸¾£ ¥¸¸ÁˆÅ£ ¢ˆÅ£¸¡¸¸
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‹¸. ¤¸úŸ¸¸ ™¸¨¸½
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Ž. †µ¸ œÏ¢ÇÅ¡¸¸ ©¸º¥ˆÅ
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œ¸¢£œ¸°¸ ˆ½Å ¢™›¸¸¿ˆÅ ¬¸½ „œ¸\¸¡¸ ‚¸š¸¸£ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ÷¸˜¸¸ ©¸½«¸ ˆÅ¸ œÏ¸¨¸š¸¸›¸
›¸¨¸úˆÅ£µ¸ ˆ½Å ¬¸Ÿ¸¡¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
6.3 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ¥¸¸ÁˆÅ£ ¢ˆÅ£¸‡ ¬¸½ œÏ¸œ÷¸ ‚¸¡¸
ˆ½Å „¬¸ú ¢÷¸Ÿ¸¸íú Ÿ¸Ê, ¢]¸¬¸ ¢÷¸Ÿ¸¸íú Ÿ¸Ê ¨¸í œÏ¸œ÷¸ íºƒÄ í¾, ¢›¸š¸¸Ä£µ¸ ˆÅú œ¸Ö¢÷¸ ˆÅ¸½
¨¸«¸Ä ˆÅú ©¸½«¸ ¢÷¸Ÿ¸¸¢í¡¸¸Ê Ÿ¸Ê ƒ¬¸½ ‚¸›¸ºœ¸¸¢÷¸ˆÅ ³Åœ¸ ¬¸½ ¢›¸š¸¸Ä¢£÷¸ ˆÅ£›¸½ ˆÅú œ¸Ö¢÷¸ Ÿ¸Ê
œ¸¢£¨¸¢÷¸Ä÷¸ ˆÅ£ ¢ˆÅ¡¸¸ í¾—
7. ˆÅŸ¸Ä\¸¸£ú ‚›¸º¥¸¸ž¸À
œ¸¢£ž¸¸¢«¸÷¸ ‚¿©¸™¸›¸ ¡¸¸½]¸›¸¸ À œ¸¢£ž¸¸¢«¸÷¸ ‚¿©¸™¸›¸ ‚›¸º¥¸¸ž¸ ¡¸¸½]¸›¸¸‚¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‚™¸
¢ˆÅ‡ Š¸‡/ ‚™¸ ¢ˆÅ‡ ]¸¸›¸½ ¨¸¸¥¸½ ‚¿©¸™¸›¸ ˆÅ¸½ ¥¸¸ž¸-í¸¢›¸ ‰¸¸÷¸½ ˆÅ¸½ œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
œ¸¢£ž¸¸¢«¸÷¸ ‚›¸º¥¸¸ž¸ ¡¸¸½]¸›¸¸ À ¬¸ž¸ú œ¸¸°¸ ˆÅŸ¸Ä\¸¸£ú ¤¸ÿˆÅ ˆÅú ŠÏ½\¡¸º’ú ‚¸¾£ œ¸Ê©¸›¸
¡¸¸½]¸›¸¸‚¸Ê ˆ½Å ÷¸í÷¸ ¥¸¸ž¸ œÏ¸œ÷¸ ˆÅ£›¸½ ˆ½Å íˆÅ™¸£ íÿ, ]¸¸½ ¢ˆÅ ‡‡¬¸ -15 Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸
¢¬¸Ö¸¿÷¸¸Ê ˆ½Å ‚¸š¸¸£ œ¸£ Ÿ¸»¥¡¸¸¿¢ˆÅ÷¸ íÿ, ]¸¸½ ž¸¸£÷¸ú¡¸ ¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ ¬¸¿¬˜¸¸›¸ ׸£¸ ]¸¸£ú
¢ˆÅ‡ Š¸‡ ˆÅŸ¸Ä\¸¸£ú ¥¸¸ž¸ (¬¸¿©¸¸½¢š¸÷¸) íÿ— œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸ ¡¸¸½]¸›¸¸‚¸Ê ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆÅú
™½›¸™¸¢£¡¸¸Ê ˆÅ¸½ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾ ‚¸¾£ ¤¸ÿˆÅ ׸£¸ ¢›¸¡¸ºÆ÷¸
¤¸úŸ¸¸¿ˆÅˆÅ (‡Æ’º‚£ú]¸) ׸£¸ œÏ™¸›¸ ˆÅú Š¸ƒÄ ‡ˆÅ ¤¸úŸ¸¸¿¢ˆÅˆÅ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢£œ¸¸½’Ä ˆ½Å ‚¸š¸¸£
œ¸£ ¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾ ‚¸¾£ œÏ÷¡¸½ˆÅ ¢÷¸Ÿ¸¸íú / ¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å ‚¿÷¸ Ÿ¸Ê ¤¸›¸¸¡¸¸
]¸¸÷¸¸ í¾— ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ¤¸úŸ¸¸¿¢ˆÅˆÅ ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ˆÅ¸½ Ÿ¸¸›¡¸÷¸¸ ™ú ]¸¸÷¸ú í¾—
‚›¡¸ ˆÅŸ¸Ä\¸¸£ú ¥¸¸ž¸ ]¸¾¬¸½ ‚¨¸ˆÅ¸©¸ ¢ˆÅ£¸¡¸¸ ¢£¡¸¸¡¸÷¸, ¢¨¸©¸½«¸¸¢š¸ˆÅ¸£ ‚¨¸ˆÅ¸©¸, £]¸÷¸
]¸¡¸¿÷¸ú œ¸º£¬ˆÅ¸£, œ¸º›¸¨¸¸Ä¬¸ ž¸î¸¸ ‚¸¾£ ¬¸½¨¸¸¢›¸¨¸¼¢î¸ ¥¸¸ž¸ ¤¸úŸ¸¸¿¢ˆÅˆÅ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆ½Å ‚¸š¸¸£
œ¸£ œÏ™¸›¸ ¢ˆÅ‡ ]¸¸÷¸½ íÿ—
86
Annual Report 2020-21
Similarly in respect of assets sold / discarded during the year,
depreciation is provided on proportionate basis till the number
of days the assets had been put to use during the year.
4.5 Eligible fixed assets are revalued once in every three years.
Revalued portion of fixed assets (over and above the cost of
fixed assets) is depreciated on diminishing balance method
over the residual life of the assets as certified by approved
valuers at the time of valuation.
Revaluation reserve pertaining to lease hold lands, is amortised
on straight line method over the residual life of the lease period.
Depreciation on revalued portion of fixed assets, over and
above the cost is debited to Profit & Loss account. Amount
of Revaluation Reserve to the extent of depreciation related
to revalued portion of fixed assets over and above the cost
debited to profit & loss account is transferred to Revenue
Reserve from Revaluation Reserve.
5.6 In respect of leasehold premises, the lease premium, if any,
is amortised over the period of lease on SLM basis.
6. Revenue Recognition
6.1 All revenues and costs are accounted for on accrual basis
except the following items, which are accounted for on cash
basis:-
a. Interest on Advances and Investments identified as
Non-Performing Assets according to the prudential
norms and guidelines issued by RBI, from time to time.
b. Income from commission viz., on Guarantees, Letter of
Credit, Government business, Mutual Fund business,
credit & debit cards issued, Annual maintenance
charges for cards and Locker Rent.
c. Interest for overdue period on bills purchased and bills
discounted.
d. Insurance claims.
e. Remuneration on Debenture Trustee Business.
f. Loan Processing Fees.
g. Income from Merchant Banking Operations and
Underwriting Commission.
h. Transaction processing fees received on utility bill pay
services through internet banking.
6.2 Pursuant to RBI guidelines, the interest payable on overdue
term deposit is provided on accrual basis at Saving Bank
rate effective from date of RBI circular dated 22.08.2008,
and the balance at the time of renewal.
6.3 During the year ended March 31, 2021, the Bank has
changed the method of recognizing the income from locker
rent in the quarter in which it is received to method of
recognizing the same proportionately over the remaining
quarters of the year.
7. Employees’ Benefits:
Defined Contribution Plan: The contribution paid/ payable under
defined contribution benefit schemes are charged to Profit &
Loss Account.
Defined Benefit Plans: All eligible employees are entitled to
receive benefits under the Bank’s Gratuity and Pension schemes
which are valued based on the principles laid down in AS -15,
Employees Benefit (Revised) issued by Institute of Chartered
Accountants of India. Bank’s liabilities towards defined benefit
schemes are determined by way of provisions and adjusted
on the basis of an actuarial valuation report provided by the
Actuaries appointed by the bank and made at the end of each
quarter/financial year. Actuarial gains and losses are recognized
in the Profit & Loss Account.
Other Employee Benefits such as Leave fare Concession,
Privilege Leave, Silver jubilee Award, resettlement allowance,
and retirement benefit are provided based on Actuarial valuation.
Jeeef<e&keÀ efjHeesì& 2020-21
8. ‰¸¿” ¢£œ¸¸½¢’ôŠ¸À
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]¸¸£ú ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 17 ˆ½Å ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê ¨¡¸¨¸¬¸¸¡¸ ‰¸¿” ˆÅ¸½ ‚œ¸›¸½ œÏ¸˜¸¢Ÿ¸ˆÅ ‰¸¿” ˆ½Å ³Åœ¸
Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸ ™½÷¸¸ í¾—
9. ‚¸¦¬÷¸¡¸¸Ê ˆÅú í¸¢›¸
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œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ ‚¸¦¬÷¸¡¸¸Ê ¬¸¢í÷¸ ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê ˆÅú í¸¢›¸, ¡¸¢™ ˆÅ¸½ƒÄ í¾, ˆÅ¸½ ™©¸¸Ä¡¸¸
Š¸¡¸¸ í¾ ‚¸¾£ ¥¸¸ž¸ ¨¸ í¸¢›¸ ‰¸¸÷¸½ ˆÅ¸½ œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— Ÿ¸»¥¡¸Ý¸¬¸ ˆ½Å ¢¥¸‡
‚¸¦¬î¸¡¸¸Ê ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅú ]¸¸÷¸ú í¾ ]¸¤¸ ž¸ú ‹¸’›¸¸‚¸Ê ¡¸¸ œ¸¢£¦¬˜¸¢÷¸¡¸¸Ê Ÿ¸Ê ¤¸™¥¸¸¨¸ ¡¸í
™©¸¸Ä÷¸¸ í¾ ¢ˆÅ ‚¸¦¬î¸ ˆÅú ¨¸í›¸ £¸¢©¸ ¨¸¬¸»¥¸ú ¡¸¸½Š¡¸ ›¸íú¿ í¸½ ¬¸ˆÅ÷¸ú í¾—
10. œÏ¸¨¸š¸¸›¸, ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸ ‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ‚¸¦¬÷¸¡¸¸¿
ž¸¸£÷¸ú¡¸ ¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ ¬¸¿¬˜¸¸›¸ ׸£¸ ]¸¸£ú Ÿ¸¸›¸ˆÅ 29 ``œÏ¸¨¸š¸¸›¸-‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸
‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ‚¸¦¬÷¸¡¸¸¿'' ˆ½Å ‚›¸º¬¸¸£ ¤¸ÿˆÅ ›¸½ œÏ¸¨¸š¸¸›¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸ ˆ½Å¨¸¥¸ ÷¸¤¸ íú ¢ˆÅ¡¸¸
í¾, ]¸¤¸ ¢ˆÅ¬¸ú œ¸»¨¸Ä ‹¸’›¸¸ ˆ½Å ˆÅ¸£µ¸ „¬¸ˆÅ¸ ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸Ê ™¸¢¡¸÷¨¸ „÷œ¸››¸ íº‚¸ í¸½. ¡¸í ¬¸¿ž¸¨¸
í¾ ¢ˆÅ ™¸¢¡¸÷¨¸ ˆÅ¸ ¢›¸œ¸’¸›¸ ˆÅ£›¸½ í½÷¸º ‚¸¢˜¸ÄˆÅ ¥¸¸ž¸¸Ê ¬¸½ ¡¸ºÆ÷¸ ¬¸¿¬¸¸š¸›¸¸Ê ˆ½Å ¤¸¸í£ú œÏ¨¸¸í ˆÅú
‚¸¨¸©¡¸ˆÅ÷¸¸ œ¸”õŠ½ ¸ú ]¸¤¸ ™¸¢¡¸÷¨¸ ˆÅú £ˆÅŸ¸ ˆÅ¸ ¢¨¸æ¸¬¸›¸ú¡¸ ‚›¸ºŸ¸¸›¸ ¥¸Š¸¸¡¸¸ ]¸¸ ¬¸ˆ½ÅŠ¸¸.
¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ‚¸ˆÅ¦¬Ÿ¸ˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¢›¸š¸¸Ä£µ¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ Æ¡¸¸Ê¢ˆÅ ƒ¬¸ˆ½Å
ˆÅ¸£µ¸ ‡½¬¸ú ‚¸¡¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸ í¸½ ¬¸ˆÅ÷¸¸ í¾ ]¸¸½ ˆÅž¸ú ¨¸¬¸»¥¸ ›¸ íºƒÄ í¸½.
11. ¢›¸¨¸¥¸ ¥¸¸ž¸, œÏ¸¨¸š¸¸›¸ ‡¨¸¿ ‚¸ˆÅ¦¬Ÿ¸ˆÅ÷¸¸‡¿ À
œÏ¸¨¸š¸¸›¸ ‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ÷¸¸‡¿ ˆÅ£›¸½ ˆ½Å œ¸ä¸¸÷¸ ¢›¸¨¸¥¸ ¥¸¸ž¸ ‹¸¸½¢«¸÷¸ ¢ˆÅ‡ Š¸‡ íÿ, ¢]¸¬¸Ÿ¸Ê
¢›¸¨¸½©¸ ˆÅ¸ Ÿ¸»¥¡¸, ‚¸©¸¸½š¡¸ †µ¸¸Ê ˆÅ¸½ ¤¸’Ã’½ ‰¸¸÷¸½ ”¸¥¸›¸¸ ‚¸¾£ ˆÅ£¸š¸¸›¸ í½÷¸º œÏ¸¨¸š¸¸›¸
(‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ¬¸¢í÷¸) ‚¸¾£ š¸¸½‰¸¸š¸”õú ‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ¨¡¸¡¸/ ‚›¡¸ ¬¸¢í÷¸ ‚¢ŠÏŸ¸¸Ê
ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ ©¸¸¢Ÿ¸¥¸ íÿ.
12. ‚¸¡¸ˆÅ£ À
¨¸«¸Ä ˆ½Å ¢¥¸‡ ¢ˆÅ¡¸½ Š¸¡¸½ ˆÅ£ œÏ¸¨¸š¸¸›¸¸Ê Ÿ¸Ê ¨¸÷¸ÄŸ¸¸›¸ ‚¸¡¸ˆÅ£ ‚¸¾£ ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ˆÅú
™½¡¸÷¸¸‡¿ ©¸¸¢Ÿ¸¥¸ íÿ. ž¸¸£÷¸ú¡¸ ¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ ¬¸¿¬˜¸¸›¸ ׸£¸ ]¸¸£ú ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 22 ˆÅú
©¸÷¸¸½ô ˆ½Å ‚›¸º¬¸¸£ ˆÅ£-¡¸¸½Š¡¸ ‚¸¡¸ ÷¸˜¸¸ ¥¸½‰¸¸ ¡¸¸½Š¡¸ ‚¸¡¸ ˆ½Å ¤¸ú\¸ ¬¸Ÿ¸¡¸ ‚›÷¸£ ‚¸¾£
¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¢¨¸\¸¸£ ˆÅú ©¸÷¸Ä ˆ½Å ‚š¸ú›¸ ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸Ê/ ™½¡¸÷¸¸‚¸Ê ˆÅú œ¸í\¸¸›¸
ˆÅú Š¸ƒÄ í¾. ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸Ê ‚¸¾£ ™½¡¸÷¸¸‚¸Ê œ¸£ ˆÅ£ ™£¸Ê Ÿ¸Ê œ¸¢£¨¸¢÷¸Ä›¸ ˆ½Å œÏž¸¸¨¸¸Ê
ˆÅ¸½ œ¸¢£¨¸÷¸Ä›¸ ˆÅú œÏž¸¸¨¸ú ‚¨¸¢š¸ Ÿ¸Ê ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸¿ ‚¸¾£ ™½›¸™¸¢£¡¸¸Ê ˆÅ¸½ ˆÅ£ ™£¸Ê ‚¸¾£ ˆÅ£ ˆÅ¸›¸»›¸¸Ê ˆÅ¸ „œ¸¡¸¸½Š¸
ˆÅ£ˆ½Å Ÿ¸¸œ¸¸ ]¸¸÷¸¸ í¾ ]¸¸½ ¢ˆÅ ÷¸º¥¸›¸ œ¸°¸ ˆÅú ÷¸¸£ú‰¸ ׸£¸ ‚¢š¸¢›¸¡¸¢Ÿ¸÷¸ ¡¸¸ ¨¸¸¬÷¸¢¨¸ˆÅ
³Åœ¸ ¬¸½ ¥¸¸Š¸» ¢ˆÅ‡ Š¸‡ íÿ.
‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬î¸¡¸¸Ê ˆÅ¸½ œÏ¤¸¿š¸›¸ ˆ½Å ¢›¸µ¸Ä¡¸ ˆ½Å ‚¸š¸¸£ œ¸£ œÏ÷¡¸½ˆÅ ¢£œ¸¸½¢’ôŠ¸ ‚¨¸¢š¸
Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸ œÏ™¸›¸ ˆÅú ]¸¸÷¸ú ‚¸¾£ ¢ûÅ£ ¬¸½ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾ ¢ˆÅ Æ¡¸¸ „›¸ˆÅú
¨¸¬¸»¥¸ú ˆÅ¸½ „¢\¸÷¸ ³Åœ¸ Ÿ¸Ê Ÿ¸¸›¸¸ ]¸¸÷¸¸ í¾—
ˆÅ£¸š¸¸›¸ ˆÅ¸›¸»›¸¸Ê ˆ½Å ÷¸í÷¸ ‚¬¸¿÷¸º¢¥¸÷¸ ‚¨¸Ÿ¸»¥¡¸›¸ ¡¸¸ ‚¸Š¸½ ¥¸¸ƒÄ Š¸ƒÄ í¸¢›¸ ˆ½Å Ÿ¸¸Ÿ¸¥¸¸Ê
Ÿ¸Ê, ¬¸ž¸ú ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ¬¸¿œ¸¢î¸ ˆ½Å¨¸¥¸ ÷¸ž¸ú œ¸í\¸¸›¸ú ]¸¸÷¸ú í¾, ]¸¤¸ ƒ¬¸ ÷¸£í ˆÅú
œ¸¢£¬¸¿œ¸¢î¸¡¸¸Ê ˆÅú œ¸»¢÷¸Ä ˆÅú ‚¸ž¸¸¬¸ú ¢›¸¢ä¸÷¸÷¸¸ ¬¸¸®¡¸ ˆ½Å ‚¸š¸¸£ œ¸£ ¬¸Ÿ¸¢˜¸Ä÷¸ í¸½÷¸ú í¾.
‚¸¡¸ˆÅ£ ˆ½Å ¢£û¿Å” œ¸£ ¤¡¸¸]¸ ‚¸¡¸ ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸ „¬¸ ¨¸«¸Ä Ÿ¸Ê ¢¥¸¡¸¸ Š¸¡¸¸ í¾ ]¸¤¸ ¬¸¿¤¸¿¢š¸÷¸
œÏ¸¢š¸ˆÅ¸£ú ׸£¸ ‚¸™½©¸ œ¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸.
‚¸¡¸ˆÅ£ œÏ¸¢š¸ˆÅ¸¢£¡¸¸Ê ׸£¸ „“¸ƒÄ Š¸ƒÄ Ÿ¸¸¿Š¸ „¬¸ œ¸£ ¤¡¸¸]¸ ¬¸¢í÷¸ ÷¸¤¸ œÏ™¸›¸ ˆÅú Š¸ƒÄ
]¸¤¸ ‡½¬¸ú Ÿ¸¸¿Š¸ ˆÅ¸½ „\\¸ ›¡¸¸¡¸¸¥¸¡¸ ׸£¸ ˆÅ¸¡¸Ÿ¸ £‰¸¸ Š¸¡¸¸.
13. œÏ¢÷¸ ©¸½¡¸£ ‚]¸Ä›¸ À
¤¸ÿˆÅ ׸£¸ ‚¸ƒÄ¬¸ú‡‚¸ƒÄ ׸£¸ ]¸¸£ú ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ (‡‡¬¸ - 20) - ``œÏ¢÷¸ ©¸½¡¸£ ‚]¸Ä›¸''
ˆ½Å ‚›¸º³Åœ¸ œÏ¢÷¸ ƒÄ¦Æ¨¸’ú ©¸½¡¸£ Ÿ¸»¥¸ ‚¸¾£ ˆÅŸ¸ ¢ˆÅ‡ Š¸‡ ‚]¸Ä›¸ ˆÅú ¢£œ¸¸½’Ä ™ú Š¸ƒÄ í¾. œÏ¢÷¸
©¸½¡¸£ Ÿ¸»¥¸ ‚]¸Ä›¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸ ¢›¸¨¸¥¸ ¥¸¸ž¸ ˆÅ¸½ ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ ¤¸ˆÅ¸¡¸¸ ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê
ˆÅú ž¸¸¢£÷¸ ‚¸¾¬¸÷¸ ¬¸¿‰¡¸¸ ¬¸½ ž¸¸Š¸ ™½ˆÅ£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. œÏ¢÷¸ ƒ¦Æ¨¸’ú ©¸½¡¸£ ˆÅŸ¸ ¢ˆÅ‡ Š¸‡
‚]¸Ä›¸ ˆÅú Š¸µ¸›¸¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¤¸ˆÅ¸¡¸¸ ”¸ƒ¥¡¸»¢’¨¸ ¬¸¿ž¸¸¢¨¸÷¸ ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê ‚¸¾£
ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê ˆÅú ž¸¸¢£÷¸ ‚¸¾¬¸÷¸ ¬¸¿‰¡¸¸ ˆÅ¸ „œ¸¡¸¸½Š¸ ˆÅ£ ˆÅú Š¸ƒÄ í¾.
ƒ¦Æ¨¸’ú ©¸½¡¸£ ]¸¸£ú ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¡¸¢™ œÏ¢÷¸ž¸»¢÷¸ ¡¸¸ ‚›¡¸ ¬¸¿¢¨¸™¸‚¸Ê ˆÅ¸ „œ¸¡¸¸½Š¸
¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾ ÷¸¸½ œÏ¢÷¸ ©¸½¡¸£ ˆÅŸ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚]¸Ä›¸ ¬¸¿ž¸¸¢¨¸÷¸ Ÿ¸›™›¸ ˆÅ¸½ œÏ¢÷¸¢¤¸¿¢¤¸÷¸
ˆÅ£÷¸¸ í¾ ]¸¸½ ‚]¸Ä›¸ Ÿ¸Ê œÏ™¢©¸Ä÷¸ í¸½ ¬¸ˆÅ÷¸¸ í¾.
87
8. Segment Reporting:
The Bank recognizes Business Segment as its Primary Segment
in compliance with the RBI Guidelines and in compliance with
the Accounting Standard 17 issued by ICAI.
9. Impairment of Assets:
Impairment losses if any, on fixed assets including revalued fixed
assets are recognized in accordance with Accounting Standard
28- Impairment of Assets issued by the ICAI and charged to
Profit & Loss Account. Assets are reviewed for Impairment
whenever events or changes in circumstances warrant that the
carrying amount of an asset may not be recoverable.
10. Provisions Contingent Liabilities and Contingent Assets:
As per the Accounting Standard 29-“Provisions, Contingent
Liabilities and Contingent Assets” issued by ICAI, the Bank
recognizes provisions only when it has a present obligation
as a result of a past event not 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.
Contingent assets are not recognized in the financial statements
since this may result in the recognition of the income that may
not be realized.
11. Net Profit, Provisions and Contingencies:
The Net Profit disclosed is after making the Provisions and
Contingencies which include adjustment to the value of
investments, write off of bad debts, provision for taxation
(including deferred tax), and provision for advances including
cases identified as fraud and contingencies /others.
12. Income Tax:
The provision for tax for the year comprises liability towards
current Income Tax, and Deferred Tax. The deferred tax asset/
liability is recognized, subject to the consideration of prudence,
taking into account the timing differences between the taxable
income and accounting income, in terms of the Accounting
Standard 22 issued by ICAI. The effect of change in tax rates
on deferred tax assets and liabilities is recognized in the Profit &
Loss Account in the period of applicability of the change.
Deferred tax assets and liabilities are measured using the tax
rates and tax laws that have been enacted or substantively
enacted by the balance sheet date.
Deferred tax assets are recognized and re-assessed at each
reporting period based on management judgement as to whether
their realization is considered as reasonable certain.
In cases of unabsorbed depreciation or carried forward loss
under taxation laws, all deferred tax assets are recognized only
if there is virtual certainty of realization of such assets supported
by convincing evidence.
Interest income on refund of Income Tax is accounted for in the
year; the order is passed by the concerned authority.
The demand raised by the Income Tax authorities including the
interest thereon is provided for when such demand is upheld by
High Court.
13. Earnings per Share:
The bank reports basic and diluted earnings per equity share
in accordance with the Accounting Standard (AS-20) “Earnings
Per Share” issued by ICAI. Basic Earnings per share is arrived
by dividing net profit after tax by the weighted average number
of equity shares outstanding for the period. The diluted earnings
per equity share are computed using the weighted average
number of equity shares and dilutive potential equity shares
outstanding during the period.
Diluted earnings per share reflects the potential dilution that
could occur in earnings per share if securities or other contracts
to issue equity share are exercised or converted during the
period.
 Annual Report 2020-21

‚›¸º¬¸»\¸ú 18 À ‰¸¸÷¸¸Ê œ¸£ ¢’œœ¸¢µ¸¡¸¸¿ SCHEDULE 18: NOTES ON ACCOUNTS

(Note: Figures in bracket relate to previous year)
(›¸¸½’ - ˆÅ¸½«“ˆÅ Ÿ¸Ê ¢™‡ Š¸‡ ‚¸¿ˆÅ”õ½ ¢œ¸Ž¥¸½ ¨¸«¸Ä ˆ½Å íÿ)
1. Capital: (`  in Crore)
1. œ¸»¿]¸ú: (` ˆÅ£¸½”õ Ÿ¸Ê)
S. N. Particulars 31.03.2021 31.03.2020
ÇÅ. Ÿ¸™Ê 31.03.2021 31.03.2020 Common Equity Tier 1 Capital ratio including
i) 10.975 10.666
i) ¬¸ú¬¸ú¤¸ú ¬¸¢í÷¸ ¬¸¸Ÿ¸¸›¡¸ ƒ¦Æ¨¸’ú ¢’¡¸£- 1 œ¸»¿]¸ú ˆÅ¸ ‚›¸ºœ¸¸÷¸(%) 10.975 10.666 CCB (%)
ii) ¢’¡¸£- 1 œ¸»¿]¸ú ˆÅ¸ ‚›¸ºœ¸¸÷¸ (%) 10.975 10.666 ii) Tier 1 Capital Ratio (%) 10.975 10.666
iii) ¢’¡¸£- 2 œ¸»¿]¸ú ˆÅ¸ ‚›¸ºœ¸¸÷¸(%) 3.518 2.850 iii) Tier 2 Capital Ratio (%) 3.518 2.850
iv) ˆºÅ¥¸ œ¸»¿]¸ú ˆÅ¸ ‚›¸ºœ¸¸÷¸ - (¬¸ú‚¸£‡‚¸£) (%) 14.493 13.516 iv) Total Capital Ratio (CRAR) (%) 14.493 13.516
Percentage of the shareholding of Government
v) ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅú ©¸½¡¸£š¸¸¢£÷¸¸ ˆÅ¸ œÏ¢÷¸©¸÷¸ (%) 93.336 92.49 v)
of India (%)
93.336 92.49
vi) „Š¸¸íú Š¸ƒÄ/ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ׸£¸ ¥¸Š¸¸ƒÄ Š¸ƒÄ ƒ¦Æ¨¸’ú œ¸»¿]¸ú ˆÅú £¸¢©¸ – 962.70 vi) Amount of Equity Capital raised /Infused by GoI – 962.70
vii) ‚¢÷¸¢£Æ÷¸ ¢’¡¸£- 1 œ¸»¿]¸ú ˆÅú £¸¢©¸ (¤¸½Ÿ¸ú¡¸¸™ú †µ¸ ¢¥¸‰¸÷¸¸Ê ˆ½Å – 0.00 Amount of Additional Tier 1 capital (through
Ÿ¸¸š¡¸Ÿ¸ ¬¸½) vii) – 0.00
Perpetual Debt Instruments)
viii) „Š¸¸íú Š¸ƒÄ ¢’¡¸£- 2 œ¸»¿]¸ú ˆÅú £¸¢©¸ 505.70 0.00 viii) Amount of Tier 2 Capital raised 505.70 0.00
ˆÅ. ž¸¸£÷¸ ¬¸£ˆÅ¸£ ›¸½ ‚œ¸›¸ú ‚¢š¸¬¸»\¸›¸¸ ¢™›¸¸¿ˆÅ 17 Ÿ¸¸\¸Ä 2020 ÇÅ. ‡ûÅ. ÇÅ. 4(16)- a. The Government of India vide its notification F. No. 4(16)-
¤¸ú(”¤¸¥¡¸» ‡¿” ‡Ÿ¸)/2019 ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ` 831 ˆÅ£¸½”õ ˆÅú œ¸»¿]¸ú ‚¢š¸Ÿ¸¸›¡¸ ‚¸š¸¸£ B(W & M)/2019 dated March 17, 2020 infused ` 831 crore for
œ¸£ ƒ¦Æ¨¸’ú ©¸½¡¸£ ‚¸¨¸½™›¸ í½÷¸º œÏ™¸›¸ ˆÅú í¾— „Æ÷¸ £¸¢©¸ ˆÅú Š¸µ¸›¸¸ 31 Ÿ¸¸\¸Ä 2020 preferential allotment of equity shares. The said amount was
ˆÅ¸½ ‚¸¨¸¿’›¸ í½÷¸º ¥¸¿¢¤¸÷¸ ©¸½¡¸£ ‚¸¨¸½™›¸ £¸¢©¸ ˆ½Å ²Åœ¸ Ÿ¸Ê ˆÅú Š¸ƒÄ ˜¸ú— 31 Ÿ¸¸\¸Ä 2021 accounted for as share application money pending for allotment
as on March 31, 2020. During year ended March 31, 2021 the
ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅ¸½ ` 94.95 ˆÅ£¸½”õ ˆ½Å œÏú¢Ÿ¸¡¸Ÿ¸ œ¸£ Bank has allotted 73,60,49,601 equity shares of ` 10 each at a
œÏ¢÷¸ ` 10 ˆ½Å 73,60,49,601 ƒ¦Æ¨¸’ú ©¸½¡¸£ ‚¸¨¸¿¢’÷¸ ¢ˆÅ‡— premium of ` 94.95 Crores to Government of India
‰¸. ž¸¸£÷¸ ¬¸£ˆÅ¸£ ˆÅú ‚¢š¸¬¸»\¸›¸¸ ¢™›¸¸¿ˆÅ 23 Ÿ¸¸\¸Ä 2020 ÇÅ. ¬¸ú]¸ú- ”ú‡¥¸-ƒÄ b. In line with the Government of India Notification No. CG-DL-E
23032020-21 -218862 ˆ½Å ‚›¸ºÇÅŸ¸ Ÿ¸Ê ‡¨¸¿ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å œ¸°¸ ¢™›¸¸¿ˆÅ 27 23032020-21 -218862 dated March 23, 2020, and as permitted
›¸¨¸Ÿ¤¸£ 2020 ÷¸˜¸¸ 3 ûÅ£¨¸£ú 2021 ׸£¸ œÏ™î¸ ‚›¸ºŸ¸¢÷¸ ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ¤¸ÿˆÅ ›¸½ ‚œ¸›¸ú by RBI vide its letter dated Nov 27, 2020 and Feb 3, 2021, the
Bank has utilized the Share Premium of ` 6902.76 Crores, as on
¬¸¿¢\¸÷¸ í¸¢›¸ ` 7349.50 ˆÅ£¸½”õ ˆ½Å ¬¸Ÿ¸¿]¸›¸ ¤¸¸¤¸÷¸ 31 Ÿ¸¸\¸Ä 2020 ˆÅ¸½ `  6902.76 March 31, 2020 and balance amount of `. 446.74 Crores from
ˆÅ£¸½”õ ©¸½¡¸£ œÏú¢Ÿ¸¡¸Ÿ¸ ÷¸˜¸¸ ‚œ¸›¸ú ¢¨¸©¸½«¸ ‚¸£¢®¸¢÷¸ ¬¸½ ©¸½«¸ `  446.74 ˆÅ£¸½”õ £¸¢©¸ its Special Reserve towards setting off its ac-cumulated loss of
ˆÅ¸ ƒ¬÷¸½Ÿ¸¸¥¸ ¢ˆÅ¡¸¸— 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ‚¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ í¸¢›¸ ©¸»›¡¸ £íú— ` 7349.50 crores. The unadjusted accumulated losses as on
Š¸. ¤¸ÿˆÅ ›¸½ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¢¨¸¢ž¸››¸ ˆ»Åœ¸›¸ ™£¸Ê œ¸£ ` 505.70 ˆÅ£¸½”õ £¸¢©¸ March 31, 2021 is NIL.
c. The Bank has raised Subordinate Basel – III Tier II bonds
ˆ½Å Š¸¸¾µ¸ ¤¸½¬¸¥¸ - III ¢’¡¸£ II ¤¸¸Á›”¸Ê ˆÅú „Š¸¸íú ˆÅú— ƒ¬¸ˆÅú ]¸¸›¸ˆÅ¸£ú ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾ À amounting to ` 505.70 crores at different coupon rates during the
F.Y. 2020 – 21. The details of which are as under:
£¸¢©¸ (` ˆ»™£
Åœ¸›¸
]¸¸£ú ˆÅ£›¸½ Ÿ¸¸¿Š¸ ¢™›¸¸¿ˆÅ/ Amount Coupon Call date /
ÇÅ. œÏˆÅ¸£ ‚¸ƒÄ‡¬¸¸ƒÄ‡›¸ ÇÅ. ˆÅ¸ ¢™›¸¸¿ˆÅ ‚¨¸¢š¸ ˆÅ£¸½”õ (% Ÿ¸¸½ Se- Date of Ten-
Ÿ¸Ê) Ÿ¸Ê) \¸›¸ ¢™›¸¸¿ˆÅ ries
Type ISIN No
Issue ure
(` in Rate Redemp-
Crores) (In %) tion date
I ¤¸½¬¸¥¸ III ¢’¡¸£ II (¬¸ú£ú]¸-1) INE457A08068 14.12.20 120 200.70 7.75 12.12.2025 I Basel III Tier II (Series-1) INE457A08068 14.12.20 120 200.70 7.75 12.12.2025
II ¤¸½¬¸¥¸ III ¢’¡¸£ II (¬¸ú£ú]¸ -2) INE457A08076 11.02.21 120 205.00 8.00 11.02.2026 II Basel III Tier II (Series-2 INE457A08076 11.02.21 120 205.00 8.00 11.02.2026
III ¤¸½¬¸¥¸ III ¢’¡¸£ II (¬¸ú£ú]¸ -3) INE457A08084 23.03.21 120 100.00 8.00 23.03.2026 III Basel III Tier II (Series-3) INE457A08084 23.03.21 120 100.00 8.00 23.03.2026
‹¸. ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆÅ¸½ ™¸¾£¸›¸, ¤¸ÿˆÅ ›¸½ ¢ˆÅ¬¸ú ¤¸½¬¸¥¸ II / ¤¸½¬¸¥¸ III ¢©¸ˆÅ¸¡¸÷¸ ¤¸¸Â” d. During the FY 2020-21, Bank has not redeemed any Basel II /
ˆÅ¸ Ÿ¸¸½\¸›¸ ›¸íú¿ ¢ˆÅ¡¸¸ í¾— Basel III Compliant Bonds.

2. ¢›¸¨¸½©¸: 2. Investments:
¤¸ÿˆÅ ›¸½ ¢›¸¨¸½©¸ ¬¸¿¢¨¸ž¸¸Š¸ ˆÅ¸½ ÇÅŸ¸©¸À ` œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ ' (‡\¸’ú‡Ÿ¸), ` ¢¤¸ÇÅú í½÷¸º „œ¸¥¸¤š¸ The Bank has classified the investment portfolio into three categories
i.e. “Held to Maturity (HTM)”, “Available for Sale (AFS)”, and “Held for
' (‡‡ûҬ¸) ‚¸¾£ ' ¨¡¸¸œ¸¸£ í½÷¸º š¸¸¢£÷¸ ' (‡\¸‡ûÅ’ú) ÷¸ú›¸ ª½¢µ¸¡¸¸Ê Ÿ¸Ê ¨¸Š¸úĈż ÷¸ ¢ˆÅ¡¸¸ í¾ ‚¸¾£ Trading (HFT)” and valued the investments in terms of the Reserve
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ (‚¸£¤¸ú‚¸ƒÄ) ˆ½Å ¢™©¸¸¢›¸™½©Ä ¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢›¸¨¸½©¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ¢ˆÅ¡¸¸ í¾— Bank of India (RBI) guidelines.
(` ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)
ª½µ¸ú 31.03.2021 31.03.2020 Category 31.03.2021 31.03.2020
‡\¸’ú‡Ÿ¸ 47234.95 38041.90 HTM 47234.95 38041.90
‡‡ûҬ¸ 20875.80 19693.17 AFS 20875.80 19693.17
‡\¸‡ûÅ’ú 0.90 5.78 HFT 0.90 5.78
ˆºÅ¥¸ ¢›¸¨¸½©¸ 68111.65 57740.85 Total Investment 68111.65 57740.85
2.1 ¤¸ÿˆÅ ˆ½Å ˆºÅ¥¸ ¢›¸¨¸½©¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ, ¬¸ž¸ú ¢›¸¨¸½©¸ ž¸¸£÷¸ Ÿ¸Ê ¢ˆÅ‡ Š¸‡ íÿ ‚¸¾£ ž¸¸£÷¸ ˆ½Å 2.1 The Total Investments of the Bank, as under, are made in India
¤¸¸í£ ¢›¸¨¸½©¸ ›¸íú¿ ¢ˆÅ‡ Š¸‡ íÿ— and no Investments are made outside India:
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)
Ÿ¸™Ê 31.03.2021 31.03.2020 Items 31.03.2021 31.03.2020
(1) ¢›¸¨¸½©¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸ (1) Value of Investments
(i) Gross Value of Investments 68646.70 58171.34
(i) ¢›¸¨¸½©¸¸Ê ˆÅ¸ ¬¸ˆÅ¥¸ Ÿ¸»¥¡¸ 68646.70 58171.34
(ii) Provisions for Depreciation 535.05 430.49
(ii) Ÿ¸»¥¡¸Ý¸¬¸ í½÷¸º œÏ¸¨¸š¸¸›¸ 535.05 430.49
(iii) Net Value of Investments 68111.65 57740.85
(iii) ¢›¸¨¸½©¸¸Ê ˆÅ¸ ¢›¸¨¸¥¸ Ÿ¸»¥¡¸ 68111.65 57740.85
(2) Movement of provisions held towards
(2) ¢›¸¨¸½©¸¸Ê œ¸£ Ÿ¸»¥¡¸Ý¸¬¸ í½÷¸º š¸¸¢£÷¸ œÏ¸¨¸š¸¸›¸¸Ê ˆÅú Š¸¢÷¸©¸ú¥¸÷¸¸ depreciation on investments
(i) œÏ¸£¿¢ž¸ˆÅ ©¸½«¸ 430.49 466.63 (i) Opening balance 430.49 466.63
(ii) ]¸¸½¢”õ‡ À ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ Š¸‡ œÏ¸¨¸š¸¸›¸ 149.79 62.22 (ii) Add: Provisions made during the year 149.79 62.22
(iii) ‹¸’¸ƒ‡ À ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸º›¸¥¸½Ä‰¸¸¿¢ˆÅ÷¸ ¢ˆÅ‡ Š¸‡ / ¤¸’Ã’½ (iii) Less: Write off/ Write-back of excess
0.0 7.48 0.0 7.48
‰¸¸÷¸½ ”¸¥¸½ Š¸‡ ‚¢š¸ˆÅ œÏ¸¨¸š¸¸›¸ provisions during the year
(iv) ¤¸’Ã’½ ‰¸¸÷¸½ í½÷¸º œÏ¡¸ºÆ÷¸ œÏ¸¨¸š¸¸›¸ 45.05 7.57 (iv) Provision used for Written-off 45.05 7.57
(v) œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸½ œ¸¢£¨¸¢÷¸Ä÷¸ ˆÅ£÷¸½ ¬¸Ÿ¸¡¸ œÏ¡¸ºÆ÷¸ œÏ¸¨¸š¸¸›¸ 0.18 83.31 (v) Provision used for while shifting securities 0.18 83.31
(vi) ‚¿¢÷¸Ÿ¸ ©¸½«¸ 535.05 430.49 (vi) Closing balance 535.05 430.49

88
Jeeef<e&keÀ efjHeesì& 2020-21

2.1.1 ‡\¸‡ûÅ’ú ¬¸½ ‡‡ûҬ¸ ª½µ¸ú ÷¸˜¸¸ ‡‡ûҬ¸ ¨¸ ‡\¸‡ûÅ’ú ª½µ¸ú ¬¸½ ‡\¸’ú‡Ÿ¸ ª½µ¸ú Ÿ¸Ê œÏ¢÷¸ž¸»¢÷¸ ˆ½Å œ¸¢£¨¸÷¸Ä›¸ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¤¡¸¸¾£½ À
Details regarding shifting of securities from HFT to AFS category and securities from AFS & HFT to HTM category.

(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2019-20

¢¨¸¨¸£µ¸ Particulars FY 2020-21 FY 2019-20

‡\¸‡ûÅ’ú ¬¸½ ‡‡ûҬ¸ HFT to AFS ©¸»›¡¸ Nil 95.40

‡‡ûҬ¸ ¬¸½ ‡\¸’ú‡Ÿ¸ AFS to HTM 546.98 2013.00

2.1.2 ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ‚¸¾£ 2019-20 ˆ½Å ¢¥¸‡ ‡\¸’ú‡Ÿ¸ ª½µ¸ú ¬¸½ ‡‡ûҬ¸ ª½µ¸ú Ÿ¸Ê ‚¿÷¸¢£÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¤¡¸¸¾£½ À
Details regarding securities transferred from HTM category to AFS for FY 2020–21 and 2019–20
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2019-20
¢¨¸¨¸£µ¸ Particulars FY 2020-21 FY 2019-20

‡\¸’ú‡Ÿ¸ ¬¸½ ‡‡ûҬ¸ HTM to AFS 3385.71 4042.00

2.2.1 £½œ¸¸½ ¬¸¿¨¡¸¨¸í¸£ (‚¿¢ˆÅ÷¸ Ÿ¸»¥¡¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê) Repo Transactions (In face value terms)
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ›¡¸»›¸÷¸Ÿ¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ™¾¢›¸ˆÅ
¤¸ˆÅ¸¡¸¸ ‚¢š¸ˆÅ÷¸Ÿ¸ ¤¸ˆÅ¸¡¸¸ ‚¸¾¬¸÷¸ ¤¸ˆÅ¸¡¸¸ 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½
¤¡¸¸¾£½
Particulars Minimum Maximum Daily average As on March 31,
outstanding outstanding outstanding 2021
during the year during the year during the year
£½œ¸¸½ ˆ½Å ‚š¸ú›¸ ¤¸½\¸ú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Securities sold under repo
i. ¬¸£ˆÅ¸£ú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Government Securities
a) £½œ¸¸½ „š¸¸¢£¡¸¸¿ (‡¥¸‡‡ûÅ) Repo Borrowing (LAF) ©¸»›¡¸ Nil 1192 358 ©¸»›¡¸ Nil
(©¸»›¡¸) (Nil) (350) (21) (©¸»›¡¸) (Nil)
b) £½œ¸¸½ „š¸¸¢£¡¸¸¿ (Ÿ¸ú¡¸¸™ú) Repo Borrowing(Term) ©¸»›¡¸ Nil 1670 763 500
(©¸»›¡¸) (Nil) (1500) (82) (478)

¢£¨¸¬¸Ä-£½œ¸¸½ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ÇÅ¡¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿

Securities purchased under reverse repo
i. ¬¸£ˆÅ¸£ú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Government Securities ©¸»›¡¸ Nil 20825 8779 5485
(©¸»›¡¸) (Nil) (14627) (2775) (5800)

2.2.2 ‡¥¸‡‡ûÅ ˆ½Å ‚¢÷¸¢£Æ÷¸ £½œ¸¸½ ¬¸¿¨¡¸¨¸í¸£ (¢°¸-œ¸®¸ú¡¸ £½œ¸¸½ ¬¸¢í÷¸) Repo Transactions other than LAF (including Tri party Repo):
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ›¡¸»›¸÷¸Ÿ¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ™¾¢›¸ˆÅ
¤¸ˆÅ¸¡¸¸ ‚¢š¸ˆÅ÷¸Ÿ¸ ¤¸ˆÅ¸¡¸¸ ‚¸¾¬¸÷¸ ¤¸ˆÅ¸¡¸¸ 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½
¤¡¸¸¾£½ Particulars Minimum out- Maximum out- Daily average As on March 31,
standing during standing during outstanding 2021
the year the year during the year

¤¸½\¸ú Š¸ƒÄ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Securities sold

i. ¬¸£ˆÅ¸£ú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Government Securities ©¸»›¡¸ Nil 1288 74 ©¸»›¡¸ Nil
(©¸»›¡¸) (Nil) (8064) (3736) (©¸»›¡¸) (Nil)
ii. ˆÅ¸œ¸¸½Ä£½’ †µ¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Corporate debt securities ©¸»›¡¸ Nil ©¸»›¡¸ Nil ©¸»›¡¸ Nil ©¸»›¡¸ Nil
(©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil)
iii. ˆÅ¸½ƒÄ ‚›¡¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Any other securities ©¸»›¡¸ Nil ©¸»›¡¸ Nil ©¸»›¡¸ Nil ©¸»›¡¸ Nil
(©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil)
ÇÅ¡¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Securities purchased
i. ¬¸£ˆÅ¸£ú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Government Securities ©¸»›¡¸ Nil 1686 44 ©¸»›¡¸ Nil
(©¸»›¡¸) (Nil) (5176) (843) (©¸»›¡¸) (Nil)
ii. ˆÅ¸œ¸¸½Ä£½’ †µ¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Corporate debt securities ©¸»›¡¸ Nil ©¸»›¡¸ Nil ©¸»›¡¸ Nil ©¸»›¡¸ Nil
(©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil)
iii. ˆÅ¸½ƒÄ ‚›¡¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ Any other securities ©¸»›¡¸ Nil ©¸»›¡¸ Nil ©¸»›¡¸ Nil ©¸»›¡¸ Nil
(©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil) (©¸»›¡¸) (Nil)

89
 Annual Report 2020-21

2.3 Š¸¾£-‡¬¸‡¥¸‚¸£ ¢›¸¨¸½©¸¸Ê ˆÅ¸ ¬¸¿¢¨¸ž¸¸Š¸À Non-SLR Investment Portfolio

2.3.1 Š¸¾£ ‡¬¸‡¥¸‚¸£ ¢›¸¨¸½©¸¸Ê ˆÅ¸ ¢›¸Š¸ÄŸ¸ˆÅ÷¸¸Ä¨¸¸£ ¬¸¿¢Ÿ¸ª Issuer composition of Non-SLR Investments
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)
¢›¸¨¸½©¸ ¬¸½ ˆÅŸ¸ ŠÏ½” Š¸¾£ ÇÅŸ¸ ¨¸¸¥¸ú ‚¬¸»\¸ú¤¸š™
¢›¸]¸ú œ¥¸½¬¸Ÿ¸Ê’ ˆÅú
¨¸¸¥¸ú œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅú œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅú œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅú
ÇÅ. ¢›¸Š¸ÄŸ¸ˆÅ÷¸¸Ä £ˆÅŸ¸ ¬¸úŸ¸¸
¬¸úŸ¸¸ ¬¸úŸ¸¸ ¬¸úŸ¸¸
No. Issuer Amount Extent of
Private Extent of 'Below Extent of Extent of
Placement Investment ‘Unrated’ ‘Unlisted’
Grade' Securities Securities Securities
(1) (2) (3) (4) (5) (6) (7)
(i) ¬¸¸¨¸Ä]¸¢›¸ˆÅ ®¸½°¸ ˆ½Å „œ¸ÇÅŸ¸ PSUs 644.46 639.95 0.00 0.00 0.00
(636.53) (625.32) (0.00) (0.00) (0.00)
(ii) ¢¨¸î¸ú¡¸ ¬¸¿¬˜¸¸‡ FIs 1624.90 1575.07 0.00 0.00 0.00
(3439.62) (3389.79) (0.00) (0.00) (0.00)
(iii) ¤¸ÿˆÅ Banks 855.11 839.56 15.00 0.00 0.00
(6156.59) (6154.42) (21.00) (0.00) (0.00)
(iv) ¢›¸]¸ú ¢›¸Š¸¢Ÿ¸÷¸ ¢›¸ˆÅ¸¡¸ Private Corporate 2047.55 2031.06 800.78 0.00 0.00
(1191.81) (1164.24) (689.78) (0.00) (0.00)
(v) ¬¸í¸¡¸ˆÅ / ¬¸¿¡¸ºÆ÷¸ „Ô¸Ÿ¸ Subsidiaries / Joint Ventures 83.53 83.53 ¥¸¸Š¸» ›¸íú¿ N.A. ¥¸¸Š¸» ›¸íú¿ N.A. ¥¸¸Š¸» ›¸íú¿ N.A.
(83.53) (83.53) ¥¸¸Š¸» ›¸íú¿ N.A. ¥¸¸Š¸» ›¸íú¿ N.A. ¥¸¸Š¸» ›¸íú¿ N.A.
(vi) ‚›¡¸ Others 11194.59 11157.61 535.86 131.03 378.75
(10030.38) (9993.50) (180.86) (121.03) (399.72)

„œ¸ ]¸¸½”õ SUB TOTAL 16450.14 16326.78 1351.64 131.03 378.75

(21538.46) (21410.80) (891.64) (121.03) (399.72)
(vii) ˆ½Å ¢¥¸‡ š¸¸¢£÷¸ œÏ¸¨¸š¸¸›¸ Provision held towards
(i) Ÿ¸»¥¡¸Ý¸¬¸ Depreciation 18.27
(21.08)
(ii) ‡›¸œ¸ú‚¸ƒÄ NPI 336.85
(181.24)
(iii) œ¸º›¸¬¸ô£¢\¸÷¸ ‰¸¸÷¸½ ‡ûÅ‚¸ƒÄ’ú‡¥¸ ƒ÷¡¸¸¢™ 54.16
Restructured Account FITL etc (54.39)
(iv) ‡¬¸”ú‚¸£ ‰¸¸÷¸¸Ê Ÿ¸Ê ‡Ÿ¸’ú‡Ÿ¸ Ÿ¸»¥¡¸Ý¸¬¸ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ 125.77 XXX XXX XXX XXX
œÏ¸¨¸š¸¸›¸ (167.29)
Provision Made on MTM Depreciation in
SDR Accounts
(v) ‚›¡¸ œÏ¸¨¸š¸¸›¸ (‚¸£œ¸ú ¥¸¸Š¸» ›¸íú¿ ¢ˆÅ‡ Š¸‡ ‚¸ƒÄ¬¸ú‡ 0.0
í¬÷¸¸®¸¢£÷¸ ‰¸¸÷¸½ œ¸£ œÏ¸¨¸š¸¸›¸) (6.49)
Other Provision (Provision on ICA signed
Account where RP not implemented)

„œ¸]¸¸½”õ Sub Total 535.05

(430.49)

ˆºÅ¥¸ Total 15915.09 16326.78 1351.64 131.03 378.75

(21107.97) (21410.80) (891.64) (121.03) (399.72)
¢’œœ¸µ¸ú À
i. „Æ÷¸ (v) Ÿ¸Ê `¬¸í¸¡¸ˆÅ ¬¸¿¬˜¸¸‡¿/ ¬¸¿¡¸ºÆ÷¸ „Ô¸Ÿ¸' í¸½›¸½ ˆ½Å ˆÅ¸£µ¸ ÷¸˜¸¸ (vi) Ÿ¸Ê `‚›¡¸' í¸½›¸½ ˆ½Å ˆÅ¸£µ¸ ¢›¸¨¸½©¸ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ £½¢’¿Š¸ ¨¸ ¢¥¸¦¬’¿Š¸
‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ¬¸½ Ÿ¸ºÆ÷¸ í¾—
ii. ˆÅ¸Á¥¸Ÿ¸ 4, 5, 6 ¨¸ 7 Ÿ¸Ê ¢£œ¸¸½’Ä ˆÅú Š¸ƒÄ £¸¢©¸ œ¸£¬œ¸£ ‚¬¸¿¤¸Ö ›¸íú¿ í¾—
iii. ˆºÅ¥¸ ` 15915.09 ˆÅ£¸½”õ (` 21107.97 ˆÅ£¸½”õ) ˆ½Å ˆºÅ¥¸ Š¸¾£ ‡¬¸‡¥¸‚¸£ ¢›¸¨¸½©¸ Ÿ¸Ê ` 589.12 ˆÅ£¸½”õ (` 661.87 ˆÅ£¸½”õ) ˆ½Å £¸]¸¬˜¸¸›¸ ¬’½’ ¬œ¸½©¸¥¸ ¤¸¸Áµ”, ` 58.32 ˆÅ£¸½”õ
(` 73.17 ˆÅ£¸½”õ) ˆ½Å ¡¸»œ¸ú ¬’½’ œ¸¸Á¨¸£ ¤¸¸Áµ”, ` 89.67 ˆÅ£¸½”õ (` 89.67 ˆÅ£¸½”õ) ˆ½Å í¢£¡¸¸µ¸¸ ¬’½’ ¬œ¸½©¸¥¸ ¤¸¸Á›”, ` 123.49 ˆÅ£¸½”õ (` 123.49 ˆÅ£¸½”õ) ˆ½Å œ¸¿]¸¸¤¸ ¬’½’ ¬œ¸½©¸¥¸
¤¸¸Á›” ‚¸¾£ ` 8057 ˆÅ£¸½”õ (` 8057 ˆÅ£¸½”õ) ˆ½Å œ¸º›¸œ¸»ô]¸úˆÅ£µ¸ ¤¸¸Á›” ©¸¸¢Ÿ¸¥¸ íÿ— ÷¸º¥¸›¸ œ¸°¸ ˆÅú ‚›¸º¬¸»\¸ú 8 Ÿ¸Ê ƒ›íÊ ¬¸£ˆÅ¸£ú œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
Note:
i. Investments as in (v) being “Subsidiaries / Joint Ventures, & (vi) being “Others” are exempt from rating & listing requirements as per RBI guidelines.
ii. Amounts reported under columns 4, 5, 6 & 7 may not be mutually exclusive.
iii. The total Non SLR investment of ` 15915.09 crores (` 21107.97 crores) includes Rajasthan State Special Bonds of ` 589.12 crores (` 661.87
crores), UP State Power Bonds of ` 58.32 crores (` 73.17 crores), Haryana State Special Bonds ` 89.67 crores (` 89.67), Punjab State Special
bonds ` 123.49 crores (` 123.49) and Recapitalization Bonds ` 8057 crores (` 8057 crore). The same have been included in Govt. Securities in
Schedule 8 to the Balance Sheet.

90
Jeeef<e&keÀ efjHeesì& 2020-21

2.3.2 ‚›¸]¸ÄˆÅ Š¸¾£-‡¬¸‡¥¸‚¸£ ¢›¸¨¸½©¸ (` ˆÅ£¸½”õ Ÿ¸Ê) 2.3.2 Non performing Non-SLR investments (`  in Crore)
Particulars 31.03.2021 31.03.2020
¤¡¸¸¾£½ 31.03.2021 31.03.2020
Opening balance 389.15 266.04
œÏ¸£¿¢ž¸ˆÅ ©¸½«¸ 389.15 266.04 Additions during the year 148.95 138.14
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸¢£¨¸š¸Ä›¸ 148.95 138.14 Reductions during the year 91.13 15.03
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ˆÅŸ¸ú 91.13 15.03 Closing balance 446.97 389.15
‚¿¢÷¸Ÿ¸ ©¸½«¸ 446.97 389.15 Total provisions held 336.85 181.24
¢ˆÅ‡ Š¸‡ ˆºÅ¥¸ œÏ¸¨¸š¸¸›¸ 336.85 181.24 2.4 Sale and transfers to / from HTM category
2.4 ‡\¸’ú‡Ÿ¸ ª½µ¸ú Ÿ¸Ê/ ¬¸½ ¬˜¸¸›¸¸¿÷¸£µ¸ ‡¨¸¿ ¢¤¸ÇÅú As per RBI guidelines, an amount of `184.52 crore (` 53.64
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½©Ä ¸¸Ê ˆ½Å ‚›¸º¬¸¸£, œ¸¢£œ¸Æ¨¸÷¸¸ ˆ½Å ¢¥¸‡ š¸¸¢£÷¸ ª½µ¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ Crore) net of taxes and statutory reserves being profit on sale of
¢›¸¨¸½©¸ ˆ½Å ¢¨¸ÇÅ¡¸ œ¸£ ¥¸¸ž¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ˆÅ£¸Ê ‚¸¾£ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ‚¸£¢®¸¢÷¸¡¸¸Ê ˆÅ¸ ¢›¸¨¸¥¸ ` 184.52 investment in ‘Held to Maturity’ category is transferred to Capital
ˆÅ£¸½”õ (` 53.64 ˆÅ£¸½”)õ ˆÅú ‡ˆÅ £¸¢©¸ œ¸»]¿ ¸ú ‚¸£¢®¸¢÷¸ ˆ½Å ¢¥¸‡ ‚¿÷¸¢£÷¸ ˆÅú Š¸ƒÄ í¾— Reserve.
¤¸ÿˆÅ ›¸½ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ 'œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸' ª½µ¸ú Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ` 108.61 ˆÅ£¸½”õ The Bank has amortized ` 108.61 crore during the year (` 108.27
Crore) for securities classified under ‘Held to Maturity’ category, and
(` 108.27 ˆÅ£¸½”õ) ˆÅú œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸ œ¸¢£©¸¸½š¸›¸ ¢ˆÅ¡¸¸ ‚¸¾£ ¬¸¿¤¸¿¢š¸÷¸ œÏ¢÷¸ž¸»¢÷¸ ˆ½Å the amount has been charged to Profit & Loss account by reducing
Ÿ¸»¥¡¸ ˆÅ¸½ „¬¸ ¬¸úŸ¸¸ ÷¸ˆÅ ˆÅŸ¸ ˆÅ£÷¸½ íº‡ £ˆÅŸ¸ ˆÅ¸½ ¥¸¸ž¸-í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸— value of the respective securities to that extent.
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ‡\¸‡ûÅ’ú ª½µ¸ú ¬¸½ ‡‡ûҬ¸ ª½µ¸ú ˆÅ¸½ During the FY 2020-21, the Bank has shifted securities from HFT
²Å.©¸»›¡¸ (` 95.40 ˆÅ£¸½”õ) ˆÅú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ ‚¿÷¸¢£÷¸ ˆÅú— ¬¸¸˜¸ íú, ¢¨¸î¸ú¡¸ ¨¸«¸Ä category to AFS category for ` Nil (` 95.40 crore). Also, during the
2020-21 ˆ½Å ™¸¾£¸›¸, ¤¸ÿˆÅ ›¸½ ‡‡ûҬ¸ ª½µ¸ú ¬¸½ ‡\¸’ú‡Ÿ¸ ª½µ¸ú ˆÅ¸½ ` 546.98 ˆÅ£¸½”õ FY 2020-21, the Bank has shifted securities from AFS categories to
(` 2013 ˆÅ£¸½”õ) (¤¸íú Ÿ¸»¥¡¸) ˆÅú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ ‚¿÷¸¢£÷¸ ˆÅú— HTM category for ` 546.98 crore (` 2013 Crore) (Book value).
During the FY 2020-21, the Bank has transferred securities
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ‡\¸’ú‡Ÿ¸ ª½µ¸ú ¬¸½ ‡‡ûҬ¸ ª½µ¸ú ˆÅ¸½ ` 3385.71 from HTM category to AFS category amounting to ` 3385.71
ˆÅ£¸½”õ (` 4042 ˆÅ£¸½”)õ (¤¸íú Ÿ¸»¥¡¸) ˆÅú £¸¢©¸ ˆÅú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ ‚¿÷¸¢£÷¸ ˆÅú ‚¸¾£ ¥¸¸ž¸ crores (` 4042 crores) (Book value) and charged to Profit & Loss
¨¸ í¸¢›¸ ˆÅ¸½ œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸, ¢™›¸¸¿ˆÅ 01.07.2015 ˆ½Å ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½©Ä ¸¸Ê depreciation amounting to Rs. NIL crore (` NIL crore) due to
ž¸¸.¢£.¤¸ÿˆÅ/ 2015-16/ 97 ”ú¤¸ú‚¸£ ÇÅ. ¤¸úœ¸ú.¤¸ú¬¸ú.6/21.04.141/2015-16 ˆ½Å such transfer taking in terms of RBI guidelines RBI/2015-16/97
‚›¸º¬¸¸£ ƒ¬¸ ‚¿÷¸£µ¸ ˆ½Å ™¸¾£¸›¸ Ÿ¸»¥¡¸Ý¸¬¸ ˆÅú £¸¢©¸ ²Å. ©¸»›¡¸ ˆÅ£¸½”õ (²Å.©¸»›¡¸ ˆÅ£¸½”)õ £íú— DBR No BP. BC.6/21.04.141/2015-16 dated 1.7.2015.
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ‡\¸’ú‡Ÿ¸ ª½µ¸ú ˆÅ¸½/ ¬¸½ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å ‚¿÷¸£µ¸ ‚¸¾£ The value of the sales and transfer of securities to / from HTM
category during the financial year 2020-21, excluding one-time
¢¨¸ÇÅ¡¸ ˆÅ¸ Ÿ¸»¥¡¸ ]¸¸½ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆ½Å ‚›¸ºŸ¸¸½™›¸ ˆ½Å ¬¸¸˜¸ ‡ˆÅ¤¸¸£Š¸ú ‚¿÷¸£µ¸ ˆÅ¸½ transfer with the approval of the Board, sales to RBI under pre
Ž¸½”õˆÅ£ í¾, œ¸»¨¸Ä‹¸¸½¢«¸÷¸ ‚¸½‡Ÿ¸‚¸½ ›¸ú¥¸¸¢Ÿ¸¡¸¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ announced OMO auctions and as permitted by RBI does not
œÏ™î¸ ‚›¸ºŸ¸¢÷¸ ˆ½Å ‚›¸º¬¸¸£ ¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å ‚¸£¿ž¸ Ÿ¸Ê ‡\¸’ú‡Ÿ¸ ª½µ¸ú Ÿ¸Ê ¢›¸¨¸½©¸¸Ê ˆ½Å ¤¸íú exceed 5 percent of the book value of investments in HTM
Ÿ¸»¥¡¸ ˆ½Å 5 œÏ¢÷¸©¸÷¸ ¬¸½ ‚¢š¸ˆÅ ›¸íú¿ í¸½›¸¸ \¸¸¢í‡— category at the beginning of financial year
2.4.1 ‡\¸’ú‡Ÿ¸ ª½µ¸ú ¬¸½ œ¸»¿]¸ú ‚¸£¢®¸¢÷¸ Ÿ¸Ê ¢›¸¨¸½©¸ ˆÅú ¢¤¸ÇÅú œ¸£ ¥¸¸ž¸ ˆ½Å ‚¿÷¸£µ¸ 2.4.1 Computation of Transfer of Profit on Sale of Investment in
HTM Category to Capital Reserve
ˆÅú Š¸µ¸›¸¸
(`  ˆÅ£¸½” Ÿ¸Ê) (`  in Crore)
Particulars 2020-21 2019-20
¤¡¸¸¾£½ 2020-21 2019-20 Profit on sale of HTM Securities 378.20 109.95
‡\¸’ú‡Ÿ¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅú ¢¤¸ÇÅú œ¸£ ¥¸¸ž¸ 378.20 109.95 Loss on HTM 0.00 0.00
‡\¸’ú‡Ÿ¸ œ¸£ í¸¢›¸ 0.00 0.00 Net Profit on sale of HTM Securities 378.20 109.95
‡\¸’ú‡Ÿ¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅú ¢¤¸ÇÅú œ¸£ ¢›¸¨¸¥¸ ¥¸¸ž¸ 378.20 109.95 Less: Income Tax @34.944% 132.16 38.42
‹¸’¸‡¿À ‚¸¡¸ˆÅ£ @ 34.944% 132.16 38.42 Sub- Total 246.04 71.53
„œ¸- ]¸¸½”õ 246.04 71.53 Less: 25.00% proportionate to Transfer to
‹¸’¸‡¿À 25.00% ˆ½Å ¬¸Ÿ¸¸›¸ºœ¸¸¢÷¸ˆÅ ¬¸¸¿¢¨¸¢š¸ˆÅ 61.51 17.89
61.51 17.89 Statutory Reserves
‚¸£¢®¸¢÷¸¡¸¸Ê ˆÅ¸½ ‚¿÷¸£µ¸ Net Transfer to Capital reserve 184.53 53.64
œ¸»¿]¸ú ‚¸£¢®¸¢÷¸ Ÿ¸Ê ¢›¸¨¸¥¸ ‚¿÷¸£µ¸ 184.53 53.64 2.4.2 Computation of Transfer of Write Back on account of MTM
2.4.2 ‡‡ûҬ¸ ‚¸¾£ ‡\¸‡ûÅ’ú ˆÅ¸ ¢›¸¨¸½©¸ ‚¸£¢®¸¢÷¸ Ÿ¸Ê ¢›¸¨¸½©¸ œ¸£ ‡Ÿ¸’ú‡Ÿ¸ Depreciation on Investment in AFS and HFT to Investment
Reserve
Ÿ¸»¥¡¸Ý¸¬¸ ˆ½Å ˆÅ¸£µ¸ œÏ¢÷¸¥¸½‰¸›¸ ˆ½Å ‚¿÷¸£µ¸ ˆÅú Š¸µ¸›¸¸
(`  ˆÅ£¸½” Ÿ¸Ê) (`  in Crore)
¢œ¸Ž¥¸½ ¨¸«¸Ä ˆÅú Diff. over
¤¡¸¸¾£½ 2020-21 2019-20 Particulars 2020-21 2019-20
÷¸º¥¸›¸¸ Ÿ¸Ê ‚¿÷¸£ per year
‡Ÿ¸’ú‡Ÿ¸ Ÿ¸»¥¡¸Ý¸¬¸ ‡‡ûҬ¸ 12.08 14.13 -2.05 MTM Depreciation AFS 12.08 14.13 -2.05
‡Ÿ¸’ú‡Ÿ¸ Ÿ¸»¥¡¸Ý¸¬¸ ‡\¸‡ûÅ’ú 0.00 1.21 -1.21 MTM Depreciation HFT 0.00 1.21 -1.21
‡Ÿ¸’ú‡Ÿ¸ Ÿ¸»¥¡¸Ý¸¬¸ ‡›¸œ¸ú‚¸ƒÄ 6.19 5.51 0.68 MTM Depreciation NPI 6.19 5.51 0.68
‡¬¸”ú‚¸£/ ‡¬¸4‡ ˆ½Å ‚¿÷¸Š¸Ä÷¸
125.77 167.29 -41.52 MTM Depreciation under
‡Ÿ¸’ú‡Ÿ¸ Ÿ¸»¥¡¸Ý¸¬¸ 125.77 167.29 -41.52
SDR/S4A
ˆºÅ¥¸ 144.04 188.14 -44.10
Total 144.04 188.14 -44.10
¢›¸¨¸½©¸ ‚¸£¢®¸¢÷¸ ¬¸½ ¢Š¸£¸¨¸’
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ‡Ÿ¸’ú‡Ÿ¸ í¸¢›¸¡¸¸Ê ˆ½Å ¢¥¸‡ ¢ˆÅ‡ Draw down from Investment Reserve
©¸»›¡¸ Provision made for MTM losses during FY 2020-21 Nil
Š¸‡ œÏ¸¨¸š¸¸›¸
‹¸’¸‡¿À ‚¸¡¸ˆÅ£ @ 34.94% ©¸»›¡¸ Less: Income Tax at 34.94% Nil
„œ¸-]¸¸½”õ ©¸»›¡¸ Sub-Total Nil
‹¸’¸‡¿À 25% ˆÅú ™£ œ¸£ ¬¸¸¿¢¨¸¢š¸ˆÅ ‚¸£¢®¸¢÷¸ ˆÅ¸½ ‚¿÷¸£µ¸ ©¸»›¡¸ Less: Transfer to Statutory reserve @ 25% Nil
¢›¸¨¸½©¸ ‚¸£¢®¸¢÷¸ ‰¸¸÷¸½ ¬¸½ ¢›¸¨¸¥¸ ¢Š¸£¸¨¸’ ©¸»›¡¸
Net draw down from Investment Reserve Account Nil
* ¨¸÷¸ÄŸ¸¸›¸ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ‡‡ûҬ¸ ‡¨¸¿ ‡\¸‡ûÅ’ú ª½¢µ¸¡¸¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸
* During the current financial year 2020-21, there is nil drawdown from
¢ˆÅ‡ Š¸‡ ¢›¸¨¸½©¸ ˆ½Å ¢¥¸‡ ¢ˆÅ¬¸ú ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ ›¸ í¸½›¸½ ˆ½Å ˆÅ¸£µ¸ ¢›¸¨¸½©¸ Investment reserve account on account of no additional provision required
‚¸£¢®¸¢÷¸ ‰¸¸÷¸½ ¬¸½ ¬¸½ ©¸»›¡¸ ¢Š¸£¸¨¸’ íºƒÄ— to be made for investment held under AFS & HFT categories.

91
 Annual Report 2020-21

2.4.3 ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å œ¸¢£œ¸°¸ ‚¸£¤¸ú‚¸ƒÄ/2017-18/147 ”ú¤¸ú‚¸£. 2.4.3 Transfer of Profit for Sale of Investment to Investment
Fluctuation Reserve (IFR) as per RBI Circular RBI/2017-
ÇÅ. ¤¸úœ¸ú. ¤¸ú¬¸ú. 102/ 21.04.048/2017-18 ¢™›¸¸¿ˆÅ 2 ‚œÏ¾¥¸ 2018 18/147 DBR. No.BP.BC.102/21.04.048/2017-18 dated 2nd
ˆ½Å ‚›¸º¬¸¸£ ¢›¸¨¸½©¸ ˆÅú ¢¤¸ÇÅú í½÷¸º ¥¸¸ž¸ ˆÅ¸½ ¢›¸¨¸½©¸ ‚¦¬˜¸£ ‚¸£¢®¸¢÷¸ April 2018
(‚¸ƒÄ‡ûÅ‚¸£) ˆÅ¸½ ‚¿÷¸£µ¸ ˆÅ£›¸¸ (`  ˆÅ£¸½” Ÿ¸Ê) (`  in Crore)
¤¡¸¸¾£½ 2020-21 2019-20 Particulars 2020-21 2019-20
¢›¸¨¸½©¸ ˆÅú ¢¤¸ÇÅú œ¸£ ¥¸¸ž¸ 561.24 338.18 Profit on Sale of Investment 561.24 338.18
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¢¨¸¢›¸¡¸¸½]¸›¸ ˆ½Å ¤¸¸™ ¢›¸¨¸¥¸ ¥¸¸ž¸ 228.16 237.79 Net Profit after Statutory Appropriation 228.16 237.79
]¸¸½ ž¸ú ˆÅŸ¸ í¸½ 228.16 237.79 Whichever is lower 228.16 237.79
›¡¸»›¸÷¸Ÿ¸ À- (‡‡ûҬ¸ ‚¸¾£ ‡\¸‡ûÅ’ú) ˆÅ¸ 2% 402.78 227.00 Min :- 2% of (AFS and HFT) 402.78 227.00
¨¸«¸Ä ˆ½Å ‚¿÷¸ ÷¸ˆÅ ‚¿÷¸¢£÷¸ 403.00 227.00 Transferred up to year end 403.00 227.00
¤¸ÿˆÅ ›¸½ ¨¸÷¸ÄŸ¸¸›¸ ¨¸«¸Ä ˆ½Å ¥¸¸ž¸ Ÿ¸Ê ¬¸½ ¢›¸¨¸½©¸ „÷¸¸£-\¸[õ¸¨¸ ‚¸£¢®¸÷¸ ¢›¸¢š¸ (‚¸ƒÄ‡ûÅ‚¸£) The Bank has made an appropriation of ` 176.00 crores (` 227
ˆ½Å ¢¥¸‡ ` 176.00 ˆÅ£¸½”õ (¢¨¸î¸ú¡¸ ¨¸«¸Ä 2019-20 ˆ½Å ¢¥¸‡ ` 227 ˆÅ£¸½”õ) ˆÅ¸ crores for F.Y. 2019-20) to Investment Fluctuation Reserve (IFR)
¢¨¸¢›¸¡¸¸½]¸›¸ ¢ˆÅ¡¸¸ í¾— out of profit of current year.
3 ”½¢£¨¸½¢’¨]¸À 3 Derivatives:

3.1 ¨¸¸¡¸™¸ ™£ ˆÅ£¸£ / ¤¡¸¸]¸ ™£ ¬¨¸¾œ¸ (`  ˆÅ£¸½” Ÿ¸Ê) 3.1 Forward Rate Agreement / Interest Rate Swap
(`  in Crore)
Ÿ¸™Ê 31.03.2021 31.03.2020 Items 31.03.2021 31.03.2020
i) The notional principal of swap agreements Nil Nil
i) ¬¨¸¾œ¸ ˆÅ£¸£¸Ê ˆÅ¸ ˆÅ¦¥œ¸÷¸ Ÿ¸»¥¸š¸›¸ ©¸»›¡¸ ©¸»›¡¸
ii) Losses which would be incurred if
ii) ¡¸¢™ œÏ¢÷¸œ¸®¸ ˆÅ£¸£¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‚œ¸›¸½ ™¸¢¡¸÷¨¸¸Ê counterparties failed to fulfill their Nil Nil
©¸»›¡¸ ©¸»›¡¸ obligations under the agreements
ˆÅ¸½ œ¸»£¸ ›¸ ˆÅ£Ê ÷¸¸½ ƒ¬¸ ¦¬˜¸¢÷¸ Ÿ¸Ê í¸½›¸½ ¨¸¸¥¸ú í¸¢›¸¡¸¸¿
iii) Collateral required by the Bank upon
Nil Nil
iii) ¬¨¸¾œ¸ ˆÅ£¸£ í½÷¸º ¤¸ÿˆÅ ¬¸½ ‚œ¸½¢®¸÷¸ ¬¸¿œ¸¸¢æ¸ÄˆÅ ©¸»›¡¸ ©¸»›¡¸ entering into swaps
iv) Concentration of credit risk arising from
iv) ¬¨¸¾œ¸ ¬¸½ „÷œ¸››¸ †µ¸ ]¸¸½¢‰¸Ÿ¸ ‡ˆÅ°¸úˆÅ£µ¸ ©¸»›¡¸ ©¸»›¡¸ the swaps
Nil Nil
v) ¬¨¸¾œ¸ ¤¸íú ˆÅ¸ „¢\¸÷¸ Ÿ¸»¥¡¸ (+) œÏ¸¦œ÷¸/(-) ™½¡¸ ©¸»›¡¸ ©¸»›¡¸ v) The fair value of the swap book (+) To
Nil Nil
receive / (-) To pay
¤¸ÿˆÅ ›¸½ ‚¸ƒÄ‚¸£‡¬¸/ ‡ûÅ‚¸£‡ í½÷¸º ›¸ú¢÷¸ ¢™©¸¸¢›¸™½Ä©¸ ¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ‡ íÿ— ˆÅ¦¥œ¸÷¸
Bank has policy guidelines in place for IRS/ FRA’s. The approved
Ÿ¸»¥¸š¸›¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ‚¸ƒÄ‚¸£‡¬¸/ ‡ûÅ‚¸£‡ ˆÅú ‚›¸ºŸ¸¸½¢™÷¸ ¬¸úŸ¸¸ ` 2000.00 ˆÅ£¸½”õ ceiling for IRS / FRAs in terms of notional principal is ` 2000.00
í¾— 31 Ÿ¸¸\¸Ä 2021 ˆ½Å ‚›¸º¬¸¸£ ¤¸ÿˆÅ ˆ½Å ˆÅ¦¥œ¸÷¸ Ÿ¸»¥¸š¸›¸ ˆ½Å ©¸»›¡¸ ¤¸ˆÅ¸¡¸¸ ¬¨¸¾œ¸ £í½— crore. As on 31st March 2021, the Bank had no outstanding swaps.
3.2 ¢¨¸¢›¸Ÿ¸¡¸ ¨¡¸¸œ¸¸£ ¤¡¸¸]¸ ™£À (`  ˆÅ£¸½”õ Ÿ¸Ê) 3.2 Exchange Traded Interest Rate: (`  in Crore)

ÇÅ.¬¸¿. ¤¡¸¸¾£½ 2020-21 2019-20 S.N. Particulars 2020-21 2019-20

Notional principal amount of
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ (¢¥¸‰¸÷¸-¨¸¸£) ¢ˆÅ‡ Š¸‡ exchange traded interest rate
¢¨¸¢›¸Ÿ¸¡¸ ¥¸½›¸-™½›¸ ¤¡¸¸]¸ ™£ ”½¢£¨¸½¢’¨¸ ˆÅ¸ 1 derivatives undertaken during the year Nil 185.18
1 ©¸»›¡¸ 185.18 (instrument-wise)
ˆÅ¦¥œ¸÷¸ Ÿ¸»¥¸š¸›¸
a) Interest Rate Future
ˆÅ. ¤¡¸¸]¸ ™£ ž¸¢¨¸«¡¸ Notional principal amount of exchange
31 Ÿ¸¸\¸Ä ˆÅ¸½ ¤¸ˆÅ¸¡¸¸ (¢¥¸‰¸÷¸-¨¸¸£) ¢¨¸¢›¸Ÿ¸¡¸ traded interest rate derivatives
2 Nil Nil
outstanding as on 31st March
2 ¥¸½›¸-™½›¸ ¤¡¸¸]¸ ™£ ”½¢£¨¸½¢’¨¸ ˆÅ¸ ˆÅ¦¥œ¸÷¸ ©¸»›¡¸ ©¸»›¡¸ (instrument-wise)
Ÿ¸»¥¸š¸›¸ Notional principal amount of exchange
'„\\¸ œÏž¸¸¨¸ú' ›¸íú¿ ‚¸¾£ ¤¸ˆÅ¸¡¸¸ (¢¥¸‰¸÷¸- traded interest rate derivatives
3 Nil Nil
outstanding and not "highly effective"
3 ¨¸¸£) ¢¨¸¢›¸Ÿ¸¡¸ ¥¸½›¸-™½›¸ ¤¡¸¸]¸ ™£ ”½¢£¨¸½¢’¨¸ ©¸»›¡¸ ©¸»›¡¸ (instrument-wise)
ˆÅ¸ ˆÅ¦¥œ¸÷¸ Ÿ¸»¥¸š¸›¸ Mark-to-market value of exchange
traded interest rate derivatives out-
'„\\¸ œÏž¸¸¨¸ú' ›¸íú¿ ‚¸¾£ ¤¸ˆÅ¸¡¸¸ (¢¥¸‰¸÷¸- 4
standing and not "highly effective"
Nil Nil
4 ¨¸¸£) ¢¨¸¢›¸Ÿ¸¡¸ ¥¸½›¸™½›¸ ¤¡¸¸]¸ ™£ ”½¢£¨¸½¢’¨¸ ˆÅ¸ ©¸»›¡¸ ©¸»›¡¸ (instrument-wise)
Ÿ¸¸ˆÄÅ-’»-Ÿ¸¸ˆ½ÄÅ’ Ÿ¸»¥¡¸
3.3 Disclosures on risk exposure in derivatives
3.3 ”½¢£¨¸½¢’¨¸ ]¸¸½¢‰¸Ÿ¸ ¢¨¸Š¸¸½œ¸›¸ ˆÅ¸ œÏˆÅ’›¸ 3.3.1 Qualitative Disclosures
3.3.1 Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸À i) Derivative policy is approved by the Board, which includes
measurement of credit & market risk.
i) ”½¢£¨¸½¢’¨¸ ›¸ú¢÷¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ׸£¸ ‚›¸ºŸ¸¸½¢™÷¸ í¾, ¢]¸¬¸Ÿ¸Ê †µ¸ ]¸¸½¢‰¸Ÿ¸ ‚¸¾£
¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸ ˆÅ¸ Ÿ¸¸œ¸›¸ ž¸ú ©¸¸¢Ÿ¸¥¸ í¾— ii) Policy for hedging and processes for monitoring the same
are in place.
ii) „Æ÷¸ ˆÅú ¢›¸Š¸£¸›¸ú ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ Ÿ¸Ê œÏ¢÷¸£®¸µ¸ (í½¢]¸¿Š¸) ¨¸ œÏ¸½¬¸½¬¸½¬¸ ›¸ú¢÷¸¡¸¸¿ ¥¸¸Š¸» íÿ—
iii) The hedged transactions are undertaken for Balance Sheet
iii) ÷¸º¥¸›¸œ¸°¸ œÏ¤¸¿š¸›¸ í½÷¸º œÏ¢÷¸£¢®¸÷¸ (í½¢]¸¿Š¸) ¥¸½›¸™½›¸ ¢ˆÅ‡ Š¸‡ íÿ— ]¸¸½¢‰¸Ÿ¸¸Ê ˆÅú management. Proper system for reporting & monitoring of
¢›¸Š¸£¸›¸ú ‚¸¾£ ¢£œ¸¸½¢’ôŠ¸ ˆ½Å ¢¥¸‡ „¢\¸÷¸ œÏµ¸¸¥¸ú ¢¨¸Ô¸Ÿ¸¸›¸ í¾— risks is in place.
iv) ”½¢£¨¸½¢’¨¸ œ¸¢£\¸¸¥¸›¸¸Ê ˆ½Å ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ˆÅ¸¡¸Ä ˆ½Å œÏŸ¸º‰¸ ‡ˆÅ „\\¸ ¬÷¸£ú¡¸ iv) Risk Management of derivative operations is headed by a
œÏ¤¸¿š¸›¸ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ í¸½÷¸½ íÿ, ]¸¸½ ¤¸ÿˆÅ ˆ½Å œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ ˆÅ¸½ ¢£œ¸¸½’Ä ˆÅ£÷¸½ íÿ— Top Management Executive who reports to Central Office.
¬¨¸¾œ¸¸Ê ˆÅú ¢›¸Š¸£¸›¸ú ¢›¸¡¸¢Ÿ¸÷¸ ‚¸š¸¸£ œ¸£ ˆÅú ]¸¸÷¸ú í¾— The swaps are tracked on regular basis.

92
Jeeef<e&keÀ efjHeesì& 2020-21

v) Ÿ¸í÷¨¸œ¸»µ¸Ä ¥¸½‰¸¸-›¸ú¢÷¸¡¸¸Ê ˆÅú ‚›¸º¬¸»\¸ú 17 ˆ½Å œ¸¢£\Ž½™ 3.7 (ii) Ÿ¸Ê
¢¨¸¢›¸¢™Ä«’ ¢ˆÅ‡ ‚›¸º¬¸¸£, ¤¸ÿˆÅ Ÿ¸Ê œÏ¢÷¸£¢®¸÷¸ ‚¸¾£ Š¸¾£-œÏ¢÷¸£¢®¸÷¸ ¨¡¸¨¸í¸£¸Ê ˆÅ¸½
‚¢ž¸¥¸½‰¸¤¸Ö ˆÅ£›¸½ ˆÅú „¢\¸÷¸ ¥¸½‰¸¸ ›¸ú¢÷¸ ¢¨¸Ô¸Ÿ¸¸›¸ í¾, ¢]¸¬¸Ÿ¸Ê ‚¸¡¸ ¢›¸š¸¸Ä£µ¸,
¤¸ˆÅ¸¡¸¸ ˆÅ£¸£¸Ê ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‚¸¾£ †µ¸ ]¸¸½¢‰¸Ÿ¸ ˆÅ¸½ ˆÅŸ¸ ˆÅ£›¸¸ ©¸¸¢Ÿ¸¥¸ í¾—
vi) ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ‚¸¾£ \¸¸¥¸» ¢¨¸Š¸¸½œ¸›¸ œÏ¢ÇÅ¡¸¸ ˆ½Å ‚›¸º¬¸¸£
œ¸¢£ˆÅ¢¥¸÷¸ ¬¸¿¢¨¸™¸ ”½¢£¨¸½¢’¨¸ ˆ½Å †µ¸ ¢¨¸Š¸¸½œ¸›¸ œ¸£ ¤¸ÿˆÅ ׸£¸ ‚œ¸½¢®¸÷¸ œÏ¸¨¸š¸¸›¸
ˆÅ£ ¢¥¸‡ Š¸‡ íÿ—
3.3.2 Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ À (`  ˆÅ£¸½”õ Ÿ¸Ê)
3.3.2 Quantitative Disclosures: (`  in Crore)
v) Accounting Policy for recording hedge and non-hedge
transactions is in place, which includes recognition of
income, valuation of outstanding contracts and credit risk
mitigation as given in para 3.7 (ii) of Schedule 17, viz.,
Significant Accounting Policies.
vi) The Bank has made requisite provision on credit exposure
of derivative contracts computed as per current exposure
method & as per RBI guidelines.

ÇÅ. Ÿ¸ºÍ¸ ”½¢£¨¸½¢’¨¸ ¤¡¸¸]¸ ™£ ”½¢£¨¸½¢’¨¸ Currency Interest rate

¢¨¸¨¸£µ¸ S. Derivatives deriva-tives
¬¸¿. 2020-21 2019-20 2020-21 2019-20 N.
Particulars
2020- 21 2019- 20 2020- 21 2019- 20
(i) ”½¢£¨¸½¢’¨¸ (ˆÅ¦¥œ¸÷¸ Ÿ¸»¥¸š¸›¸ £¸¢©¸) 19947.68 18636.28 ©¸»›¡¸ ©¸»›¡¸
(i) Derivatives (Notional Princi- 19947.68 18636.28 Nil Nil
(ˆÅ) œÏ¢÷¸£®¸µ¸ (í½¢]¸¿Š¸) ˆ½Å ¢¥¸‡ 4142.71 7036.14 ©¸»›¡¸ ©¸»›¡¸ pal amount)

(‰¸) ¥¸½›¸™½›¸ (’ï½¢”¿Š¸) ˆ½Å ¢¥¸‡ 15804.97 11600.14 ©¸»›¡¸ ©¸»›¡¸ (a) For hedging 4142.71 7036.14 Nil Nil

(ii) ¤¸¸]¸¸£ í½÷¸º ¢\¸¦›í÷¸ ¦¬˜¸¢÷¸¡¸¸¿ [1] (b) For Trading 15804.97 11600.14 Nil Nil

(ˆÅ) ‚¸¦¬÷¸ (+) 129.47 315.31 ©¸»›¡¸ ©¸»›¡¸ (ii) Marked to Market Position [1]

(‰¸) ™½¡¸÷¸¸‡¿ (-) ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ (a) Asset (+) 129.47 315.31 Nil Nil

(iii) †µ¸ ¢¨¸Š¸¸½œ¸›¸ [2] 528.42 688.04 ©¸»›¡¸ ©¸»›¡¸ (b) Liability (-) Nil Nil Nil Nil

(iv) ¤¡¸¸]¸ ™£ Ÿ¸Ê ‡ˆÅ œÏ¢÷¸©¸÷¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ (iii) Credit Exposure [2] 528.42 688.04 Nil Nil
œ¸¢£¨¸÷¸Ä›¸ ˆÅ¸ ¬¸¿ž¸¸¢¨¸÷¸ ‚¬¸£ (iv) Likely impact of one Nil Nil Nil Nil
(100*œ¸ú¨¸ú 01) percentage change in
interest rate (100*PV01)
(ˆÅ) í½¢]¸¿Š¸ ”½¢£¨¸½¢’¨¸ œ¸£ 0 0 ©¸»›¡¸ ©¸»›¡¸
(a) On hedging derivatives 0 0 Nil Nil
(‰¸)¨¡¸¸œ¸¸£ ”½¢£¨¸½¢’¨¸ œ¸£ 0 0 ©¸»›¡¸ ©¸»›¡¸
(b) On trading derivatives 0 0 Nil Nil
(v) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ 100*œ¸ú¨¸ú 01
(v) Maximum and Minimum of
‚¨¸¥¸¸½¢ˆÅ÷¸ ‚¢š¸ˆÅ÷¸Ÿ¸ ‚¸¾£ ›¡¸»›¸÷¸Ÿ¸
100*PV01 observed during
¬÷¸£ the year
(ˆÅ) œÏ¢÷¸£®¸µ¸ (í½¢]¸¿Š¸) œ¸£ ‚¢š¸.À 0.03 ‚¢š¸.À0.02 ©¸»›¡¸ ©¸»›¡¸ (a) On hedging Max: 0.03 Max:.0.02 Nil Nil
›¡¸»›¸.À0.0003 ›¡¸»›¸.À0.0047 Min: 0.0003 Min: 0.0047
(‰¸) ¥¸½›¸™½›¸ (’ï½¢”¿Š¸) œ¸£ ‚¢š¸. À 0.14 ‚¢š¸.À0.05 ©¸»›¡¸ ©¸»›¡¸
›¡¸»›¸. À 0.04 ›¡¸»›¸.À0.0012 (b) On trading Max:0.14 Max:0.05 Nil Nil
Min:0.04 Min:0.0012
3.4 ”½¢£¨¸½¢’¨¸ ¢¨¸Š¸¸½œ¸›¸ œ¸£ Ÿ¸¸›¸ˆÅ œÏ¸¨¸š¸¸›¸: (`  ˆÅ£¸½”õ Ÿ¸Ê)
3.4 Standard provision on derivative exposure:
31.03.2021 (`  in Crore)

ÇÅ. ¢¨¸¨¸£µ¸ †µ¸ 31.03.2021 ˆÅ¸½ Ÿ¸¸›¸ˆÅ 31.03.2021

¢¨¸Š¸¸½œ¸›¸(*) ‚¢ŠÏŸ¸¸Ê œ¸£ ¥¸¸Š¸» œÏ¸¨¸š¸¸›¸ S. Provision as
Particulars Credit
N. applicable to
1 ¤¡¸¸]¸ ™£ ”½¢£¨¸½¢’¨¸ ©¸»›¡¸ ©¸»›¡¸ Expo-
standard advances
sure(*)
as on 31.03.2021
2 ¢¨¸™½©¸ú ¢¨¸¢›¸Ÿ¸¡¸ ”½¢£¨¸½¢’¨¸ 528.42 2.11
1 Interest Rate Derivative NIL NIL
3 ¬¨¸µ¸Ä ¬¸¿¢¨¸™¸ ©¸»›¡¸ ©¸»›¡¸
2 Foreign Exchange Derivative 528.42 2.11
4 †µ¸ \¸»ˆÅ ¬¨¸¾œ¸ ©¸»›¡¸ ©¸»›¡¸
3 Gold Contract NIL NIL
ˆºÅ¥¸ 528.42 2.11 4 Credit Default Swaps NIL NIL
* †µ¸ ¢¨¸Š¸¸½œ¸›¸ ˆÅú Š¸µ¸›¸¸ ¤¸½¬¸¥¸ III ˆ½Å ]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸ (‚¸£”䥡¸»‡) Total 528.42 2.11
¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£— *Credit Exposure calculated as per RWA guidelines of Basel III.

3.5 †µ¸ \¸»ˆÅ ¬¨¸¾œ¸ (¬¸ú”ú‡¬¸) À 3.5 Credit Default Swaps (CDS):
¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ˆÅ¸ ˆÅ¸½ƒÄ †µ¸ \¸»ˆÅ ¬¨¸¾œ¸ (¬¸ú”ú‡¬¸) ›¸íú¿ í¾ ¡¸¸ ¢™›¸¸¿ˆÅ The Bank has no Credit Default Swaps during the year 2020-21
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ©¸»›¡¸ í¾— or as on March 31, 2021 is NIL.

93
 Annual Report 2020-21

4 ‚¸¦¬÷¸ Š¸ºµ¸¨¸î¸¸ 4. Asset Quality

4.1 ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸¿ (`  ˆÅ£¸½”õ Ÿ¸Ê) 4.1 Non-Performing Assets (`  in Crore)

¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 Particulars 31.03.2021 31.03.2020

(i) ¢›¸¨¸¥¸ ‚¢ŠÏŸ¸¸Ê Ÿ¸Ê ¢›¸¨¸¥¸ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸¿ (%) 2.48% 4.77% (i) Net NPAs to Net Advances (%) 2.48% 4.77%
(ii) ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸ Š¸¢÷¸©¸ú¥¸÷¸¸ (¬¸ˆÅ¥¸) (ii) Movement of NPAs (Gross)
(ˆÅ) œÏ¸£¿¢ž¸ˆÅ ©¸½«¸ 12152.15 15324.49 (a) Opening balance 12152.15 15324.49
(‰¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸¢£¨¸š¸Ä›¸ 2202.39 4040.60 (b) Additions during the year 2202.39 4040.60
(Š¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ˆÅŸ¸ú 6574.86 7212.94 (c) Reductions during the year 6574.86 7212.94

(‹¸) ‚¿¢÷¸Ÿ¸ ©¸½«¸ 7779.68 12152.15 (d) Closing balance 7779.68 12152.15
(iii) Movement of Net NPAs
(iii) ¢›¸¨¸¥¸ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆÅú Š¸¢÷¸©¸ú¥¸÷¸¸
(a) Opening balance 4145.38 4559.33
(ˆÅ) œÏ¸£¿¢ž¸ˆÅ ©¸½«¸ 4145.38 4559.33
Add: ECGC/DICGC
]¸¸½”Ê - ƒÄ¬¸ú]¸ú¬¸ú/”ú‚¸ƒÄ¬¸ú]¸ú¬¸ú ׸£¸ 31.01 28.73
31.01 28.73 Settled amount
¢›¸œ¸’¸¡¸½ Š¸¡¸½ ‰¸¸÷¸½
Gross: Opening Balance 4176.39 4588.06
¬¸ˆÅ¥¸ œÏ¸£¿¢ž¸ˆÅ ©¸½«¸ 4176.39 4588.06
(b) Additions during the year 1260.85 2110.10
(‰¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸¢£¨¸š¸Ä›¸ 1260.85 2110.10
(c) Reductions during the year 2863.70 2521.77
(Š¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ˆÅŸ¸ú 2863.70 2521.77
(d) Gross closing balance 2573.54 4176.39
(‹¸) ¬¸ˆÅ¥¸ ‚¿¢÷¸Ÿ¸ ©¸½«¸ 2573.54 4176.39
Less ECGC/DICGC
‹¸’¸¡¸Ê - ƒ¬¸ú]¸ú¬¸ú/”ú‚¸ƒÄ¬¸ú]¸ú¬¸ú ¢›¸œ¸’¸¡¸½ 29.22 31.01
29.22 31.01 Settled amount
Š¸¡¸½ ‰¸¸÷¸½
Net closing Balance 2544.32 4145.38
¢›¸¨¸¥¸ ‚¿¢÷¸Ÿ¸ ©¸½«¸ 2544.32 4145.38
(iv) Movement of provisions for NPAs (excluding provisions
(iv) ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆÅú Š¸¢÷¸©¸ú¥¸÷¸¸ (Ÿ¸¸›¸ˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸½ on standard assets)
Ž¸½”õˆÅ£) (a) Opening balance 7973.36 10721.73
(ˆÅ) œÏ¸£¿¢ž¸ˆÅ ©¸½«¸ 7973.36 10721.73 (b) Provisions made during
2213.79 2952.94
(‰¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ Š¸‡ œÏ¸¨¸š¸¸›¸* 2213.79 2952.94 the year
(Š¸) ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ œÏ¢÷¸¥¸½‰¸›¸/¤¸’Ã’½ (c) Write-back/write off of
4982.15 5701.31 4982.15 5701.31
‰¸¸÷¸½ ”¸¥¸›¸¸ excess provisions
(‹¸) ‚¿¢÷¸Ÿ¸ ©¸½«¸ 5205.00 7973.36 (d) Closing balance 5205.00 7973.36

4.2 œ¸¢£¬¸¿œ¸¢î¸ ¨¸Š¸úĈţµ¸ Ÿ¸Ê ‚¿÷¸£ ‚¸¾£ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ 4.2 Divergence in Asset Classification and Provisioning for NPAs
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ‚›¸º¬¸¸£ ”ú¤¸ú‚¸£.¤¸úœ¸ú.¤¸ú¬¸ú.ÇÅ 32/21.04.018/2016- In terms of the RBI circular no. DBR.BP.BC.No.32/21.04.018/2016-
19 ¢™›¸¸¿ˆÅ 1 ‚œÏ¾¥¸ 2019 ˆ½Å ‚›¸º¬¸¸£ ¤¸ÿˆÅ ׸£¸ ‚œ¸›¸½ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ ˆ½Å ‰¸¸÷¸¸Ê ˆ½Å 19 dated 1st April. 2019, banks are required to disclose the
›¸¸½’ Ÿ¸Ê ‚¸£¤¸ú‚¸ƒÄ ˆÅú ¨¸¸¢«¸ÄˆÅ œ¸¡¸Ä¨¸½®¸ú œÏ¢ÇÅ¡¸¸ ˆÅ¸½ ‚¸¦¬÷¸ ¨¸Š¸úĈţµ¸ Ÿ¸Ê ¢ž¸››¸÷¸¸‚¸Ê divergences in asset classification and provisioning consequent
to RBl’s annual supervisory process in their notes to accounts to
‚¸¾£ ‚¸Š¸¸Ÿ¸ú œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ œÏˆÅ’›¸ ˆÅ£›¸¸ ‚¸¨¸©¡¸ˆÅ í¾, ]¸í¸¿ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ Ÿ¸Ê ¬¸½ the financial statements, wherever either or both of the following
™¸½›¸¸Ê ¡¸¸ ˆÅ¸½ƒÄ ‡ˆÅ ©¸÷¸Ä ¥¸¸Š¸» í¸½÷¸ú í¸½À (ˆÅ) ¬¸¿™¢ž¸Ä÷¸ ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ ž¸¸£÷¸ú¡¸ conditions are satisfied: (a) the additional provisioning for NPAs
¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢›¸š¸¸Ä¢£÷¸ ‡›¸œ¸ú‡ ˆ½Å ¢¥¸‡ ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸úˆÅ£µ¸ ‚¸ˆÅ¦¬Ÿ¸ˆÅ assessed by RBI exceeds 10 per cent of the reported profit
¨¡¸¡¸¸Ê ‚¸¾£ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å œ¸»¨¸Ä ¢£œ¸¸½’Ä ¢ˆÅ‡ Š¸‡ ¥¸¸ž¸ ¬¸½ 10 œÏ¢÷¸©¸÷¸ ‚¢š¸ˆÅ í¸½— (‰¸) before provisions and contingencies for the reference period and
¬¸¿™¢ž¸Ä÷¸ ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢\¸¦íÛ¸÷¸ ‚¢÷¸¢£Æ÷¸ ¬¸ˆÅ¥¸ ‡›¸œ¸ú‡ (b) the additional Gross NPAs identified by RBI exceed 15 per
cent of the published incremental Gross NPAs for the reference
œÏˆÅ¸¢©¸÷¸ ¨¸¼¢Ö©¸ú¥¸ ¬¸ˆÅ¥¸ ‡›¸œ¸ú‡ ¬¸½ 15 œÏ¢÷¸©¸÷¸ ‚¢š¸ˆÅ í¸½— …œ¸£ „¦¥¥¸¢‰¸÷¸ period. As the divergences are within threshold limit as specified
‚›¸º¬¸¸£ ]¸¾¬¸¸ ¢ˆÅ ¢¨¸\¸¥¸›¸ œÏ¸£¿¢ž¸ˆÅ ¬¸úŸ¸¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ í¾, ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020 í½÷¸º above, no disclosure on divergence in asset classification and
‚¸£¤¸ú‚¸ƒÄ ˆÅú ¨¸¸¢«¸ÄˆÅ œ¸¡¸Ä¨¸½®¸ú œÏ¢ÇÅ¡¸¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‡›¸œ¸ú‡ í½÷¸º ‚¸¦¬÷¸ ¨¸Š¸úĈţµ¸ provisioning for NPAs is required with respect to RBl's annual
‚¸¾£ œÏ¸¨¸š¸¸›¸úˆÅ£µ¸ Ÿ¸Ê ¢¨¸\¸¥¸›¸ œ¸£ ¢ˆÅ¬¸ú œÏˆÅ’›¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ ›¸íú¿ í¾— ÷¸˜¸¸¢œ¸, supervisory process for FY2020. However, the bank has fully
¤¸ÿˆÅ ›¸½ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2019-20 ˆ½Å ¢¥¸‡ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢\¸¦íÛ¸÷¸ ¢¨¸\¸¥¸›¸¸Ê provided for divergences pointed out by RBI in its RAR report for
F. Y. 2019-20.
í½÷¸º ¬¸¿œ¸»µ¸Ä ]¸¸›¸ˆÅ¸£ú ‚œ¸›¸ú ‚¸£‡‚¸£ ¢£œ¸¸½’Ä Ÿ¸Ê œÏ™¸›¸ ˆÅú í¾—
4.3 Details of financial assets sold to securitization /
4.3 ‚¸¦¬÷¸ œ¸º›¸¢›¸ÄŸ¸¸µ¸ í½÷¸º œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸/ œ¸º›¸¢›¸ÄŸ¸¸Äµ¸ ˆ¿Åœ¸›¸ú ˆÅ¸½ ¤¸½\¸ú Š¸ƒÄ Reconstruction Company for Asset Reconstruction
¢¨¸î¸ú¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¢¨¸¨¸£µ¸
(`  in Crore)
(`  ˆÅ£¸½”õ Ÿ¸Ê)
S.N. Particulars 31.03.2021 31.03.2020
ÇÅ.¬¸¿. ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
1 No. of accounts 2 7
1. ‰¸¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ 2 7
2 Aggregate value (net of provisions) 0.00 17.51
2. œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸/œ¸º›¸¢›¸ÄŸ¸¸Äµ¸ ˆ¿Åœ¸›¸ú ˆÅ¸½ ¤¸½\¸½ Š¸‡ 0.00 17.51 of accounts sold to SC/RC
‰¸¸÷¸¸Ê ˆÅ¸ (œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ¤¸¸™) ˆºÅ¥¸ Ÿ¸»¥¡¸ 3 Aggregate consideration 111.43 123.28
3. ˆºÅ¥¸ œÏ¢÷¸ûÅ¥¸ 111.43 123.28 4 Additional consideration realized 0.00 0
in respect of accounts transferred
4. œ¸»¨¸Ä ¨¸«¸¸½ô Ÿ¸Ê ‚¿÷¸¢£÷¸ ‰¸¸÷¸¸Ê ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê œÏ¸œ÷¸ 0.00 0 in earlier years
‚¢÷¸¢£Æ÷¸ œÏ¢÷¸ûÅ¥¸
5 Aggregate gain/loss over net book 111.43 105.78
5. ¢›¸¨¸¥¸ ‰¸¸÷¸¸-¤¸íú Ÿ¸»¥¡¸ œ¸£ ¬¸ˆÅ¥¸ œÏ¸¦œ÷¸/ í¸¢›¸ 111.43 105.78 value.

94
Jeeef<e&keÀ efjHeesì& 2020-21
¢›¸¨¸¥¸ ¤¸íú Ÿ¸»¥¡¸ ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 Ÿ¸Ê ‡‚¸£¬¸ú ˆÅ¸½ ‡›¸œ¸ú‡ There is no shortfall in sale of NPA accounts to ARCs in the
‰¸¸÷¸¸Ê ˆÅú ¢¤¸ÇÅú Ÿ¸Ê ˆÅ¸½ƒÄ ˆÅŸ¸ú ›¸íú¿ ‚¸ƒÄ— financial year 2020-21 as compared to its Net Book Value.

4.4 œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ / œ¸º›¸¢›¸ÄŸ¸¸Äµ¸ ˆ¿Åœ¸›¸ú ˆÅ¸½ ¢¨¸î¸ú¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅú ¢¤¸ÇÅú ‚¸¾£ 4.4 Sale of financial assets to Securitization Company /
Reconstruction Company and related issues
¬¸¿¤¸¿¢š¸÷¸ Ÿ¸ºÓ½
(`  in Crore)
(`  ˆÅ£¸½”õ Ÿ¸Ê)
‚›¡¸ ¤¸ÿˆÅ¸Ê/¢¨¸î¸ú¡¸ Backed by NPAs sold
Backed by NPAs
¤¸ÿˆÅ ׸£¸ ¤¸½\¸ú Š¸ƒÄ ¬¸¿¬˜¸¸›¸¸Ê/Š¸¾£ ¢¨¸î¸ú¡¸ by other banks/financial
sold by the bank as Total
insti-tutions/ non-financial
‚¿÷¸¢›¸Ä¢í÷¸ ‚›¸]¸ÄˆÅ ˆ¿Åœ¸¢›¸¡¸¸Ê ׸£¸ ¤¸½\¸ú ˆºÅ¥¸ underlying
companies as underlying
‚¸¦¬÷¸¡¸¸Ê ׸£¸ ¬¸Ÿ¸¢˜¸Ä÷¸ Š¸ƒÄ ‚¿÷¸¢›¸Ä¢í÷¸ ‚›¸]¸ÄˆÅ Particulars
¢¨¸¨¸£µ¸ ‚¸¦¬÷¸¡¸¸Ê ׸£¸ ¬¸Ÿ¸¢˜¸Ä÷¸ Current Previous Current Previous Current Previous
Year Year Year Year Year Year
\¸¸¥¸» ¨¸«¸Ä ¢œ¸Ž¥¸¸ ¨¸«¸Ä \¸¸¥¸» ¨¸«¸Ä ¢œ¸Ž¥¸¸ ¨¸«¸Ä \¸¸¥¸» ¨¸«¸Ä ¢œ¸Ž¥¸¸ ¨¸«¸Ä
31.3.2021 31.3.2020 31.3.2021 31.3.2020 31.3.2021 31.3.2020
31.3.2021 31.3.2020 31.3.2021 31.3.2020 31.3.2021 31.3.2020
Book Value of
œÏ¢÷¸ž¸»¢÷¸ £¬¸ú™¸Ê Investment in
Ÿ¸Ê ¢›¸¨¸½©¸ ˆÅ¸ ¤¸íú 0.99 ©¸»›¡¸ 0 0.00 0.99 0.00 0.99 Nil 0 0.00 0.99 0.00
Security Re-
Ÿ¸»¥¡¸ ceipts
¨¸«¸Ä ˆÅú ¬¸Ÿ¸¸¦œ÷¸ œ¸£ œÏ¢÷¸ž¸»¢÷¸ £¬¸ú™¸Ê Ÿ¸Ê ¤¸ˆÅ¸¡¸¸ ˆ½Å ¤¡¸¸¾£½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ À The details of the outstanding at the end of the year in security
(`  ˆÅ£¸½”õ Ÿ¸Ê) receipts are as under: (`  in Crore)

31.03.2021 31.03.2020 As on As on
¢¨¸¨¸£µ¸ Particulars
ˆÅ¸½ ˆÅ¸½ 31.3.2021 31.3.2020

i) ‚¿÷¸¢›¸Ä¢í÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¤¸ÿˆÅ ׸£¸ ¤¸½\¸ú Š¸ƒÄ ‚›¸]¸ÄˆÅ 340.79 327.41 i) Backed by NPAs sold by Bank as 340.79 327.41
underlying
‚¸¦¬÷¸¡¸¸Ê ׸£¸ ¬¸Ÿ¸¢˜¸Ä÷¸
ii) Backed by NPAs sold by other 0.00 0.00
ii) ‚¿÷¸¢›¸Ä¢í÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ‚›¡¸ ¤¸ÿˆÅ¸Ê/¢¨¸î¸ú¡¸ 0.00 0.00 Banks /financial institutions / non-
¬¸¿¬˜¸¸›¸¸Ê/Š¸¾£ ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸î¸ú¡¸ ˆ¿Åœ¸¢›¸¡¸¸Ê ׸£¸ ¤¸½\¸ú banking financial companies as
Š¸ƒÄ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ׸£¸ ¬¸Ÿ¸¢˜¸Ä÷¸ underlying
ˆºÅ¥¸ 340.79 327.41 Total 340.79 327.41

¢’œœ¸µ¸úÀ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2019-20 Ÿ¸Ê, ²Å.37.58 ˆÅ£¸½”õ í½÷¸º Ÿ¸½¬¸¬¸Ä ‚¸š¸º¢›¸ˆÅ œ¸¸Á¨¸£ ‡¿” Note: In FY2019-20, investment in security receipt from sale of
›¸¾\¡¸º£¥¸ ¢£¬¸¸½¬¸½¬Ä ¸ ¢¥¸¢Ÿ¸’½” (‡œ¸ú‡›¸‚¸£‡¥¸) ˆÅú Ÿ¸¸›¸ˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¢¨¸ÇÅ¡¸ ¬¸½ œÏ¢÷¸ž¸»¢÷¸ standard asset of M/S Adhunik Power and Natural Resources
Ltd. (APNRL) for Rs. 37.58 crore were excluded. In FY 2020-21,
£¬¸ú™¸Ê Ÿ¸Ê ¢›¸¨¸½©¸ ˆÅ¸½ ©¸¸¢Ÿ¸¥¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸— ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 Ÿ¸Ê ‡œ¸ú‡›¸‚¸£‡¥¸ ˆÅ¸½
APNRL was classified as NPI and hence included.
‡›¸œ¸ú‡ ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¸Š¸úĈż ÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ ƒ¬¸¢¥¸‡ ƒ¬¸½ ¬¸¦ŸŸ¸¢¥¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—
Disclosure of investment in Security Receipts
œÏ¢÷¸ž¸»¢÷¸ £¬¸ú™¸Ê Ÿ¸Ê ¢›¸¨¸½©¸ ˆÅ¸ œÏˆÅ’úˆÅ£µ¸ (As per RBI Circular DBR.No.BP.BC.9/21.04.048/2016-17 dated
(‚¸£¤¸ú‚¸ƒÄ ˆ½Å ¢™›¸¸¿ˆÅ 01/09/2016 ˆ½Å œ¸¢£œ¸°¸ ”ú¤¸ú‚¸£.ÇÅ.¤¸úœ¸ú. 01.09.2019)
¤¸ú¬¸ú.9/21.04.048/2016-17 ˆ½Å ‚›¸º¬¸¸£)
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

5 ¨¸«¸¸½ô ¬¸½ SRs issued

‚¢š¸ˆÅ ¬¸Ÿ¸¡¸ more than SRs issued
¢œ¸Ž¥¸½ 5 ¨¸«¸¸½ô 8 ¨¸«¸¸½ô ¬¸½ SRs issued
œ¸»¨¸Ä Ÿ¸Ê œ¸£¿÷¸º 5 years more than
ˆ½Å ž¸ú÷¸£ ‚¢š¸ˆÅ ¬¸Ÿ¸¡¸ Particulars within past
ago but 8 years
¢¨¸¨¸£µ¸ ¢œ¸Ž¥¸½ 8 5 years
]¸¸£ú ˆÅú Š¸ƒÄ œ¸»¨¸Ä ]¸¸£ú ˆÅú within past ago
¨¸«¸¸½ô ¬¸½ ž¸ú÷¸£
‡¬¸‚¸£ Š¸¡¸ú ‡¬¸‚¸£ 8 years
]¸¸£ú ˆÅú Š¸¡¸ú i) Book Value of SRs Backed 274.24 63.80 2.75
‡¬¸‚¸£ by NPAs sold by the bank as
i) ¤¸ÿˆÅ ׸£¸ ¤¸½\¸ú Š¸ƒÄ ‡›¸œ¸ú‡ ׸£¸ ¬¸Ÿ¸¢˜¸Ä÷¸ 274.24 63.80 2.75 underlying
‡¬¸‚¸£ ˆÅ¸ ¤¸íú Ÿ¸»¥¡¸ Provision held against (i) 122.59 6.34 2.75
ˆ½Å ¢¥¸‡ š¸¸¢£÷¸ œÏ¸¨¸š¸¸›¸ 122.59 6.34 2.75 ii) Book Value of SRs Backed by 0.00 0.00 0.00
ii) ‚›¡¸ ¤¸ÿˆÅ/ ¢¨¸î¸ú¡¸ ¬¸¿¬˜¸¸‡¿/ Š¸¾£ ¤¸ÿ¢ˆ¿ÅŠ¸ 0.00 0.00 0.00 NPAs sold by other banks /
¢¨¸î¸ú¡¸ ˆ¿Åœ¸¢›¸¡¸¸¿ ׸£¸ ¤¸½\¸ú Š¸ƒÄ ‡›¸œ¸ú‡ financial institutions / non-
׸£¸ ¬¸Ÿ¸¢˜¸Ä÷¸ ‡¬¸‚¸£ ˆÅ¸ ¤¸íú Ÿ¸»¥¡¸ banking financial companies as
underlying
ˆ½Å ¢¥¸‡ š¸¸¢£÷¸ œÏ¸¨¸š¸¸›¸ 0.00 0.00 0.00
Provision held against (ii) 0.00 0.00 0.00
ˆºÅ¥¸ (i) + (ii) 274.24 63.80 2.75 TOTAL (i) + (ii) 274.24 63.80 2.75
4.5 ¨¸«¸Ä ˆ½Å ‚¿÷¸ Ÿ¸Ê ‚›¡¸ ‚¸£¢®¸¢÷¸¡¸¸Ê ˆÅ¸½ ›¸¸Ÿ¸½ ‚œ¸¢£©¸¸½¢š¸÷¸ œÏ¸¨¸š¸¸›¸¸Ê ˆÅú œÏŸ¸¸°¸¸ ‚¸¾£ 4.5 Disclosure regarding quantum of provision made during the year
œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ˆ¿Åœ¸›¸ú/ œ¸º›¸¬¸ô£\¸›¸¸ ˆ¿Åœ¸›¸ú ˆÅ¸½ ‡›¸œ¸ú‡ ˆÅú ¢¤¸ÇÅú Ÿ¸Ê ˆÅŸ¸ú ˆÅ¸½ œ¸»£¸ to meet the shortfall in sale of NPA’s to securitization Company/
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œÏ¸¨¸š¸¸›¸ ˆÅú œÏŸ¸¸°¸¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê œÏˆÅ’›¸ (ž¸¸£÷¸ú¡¸ Reconstruction Company and the quantum of unamortized
¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢™›¸¸¿ˆÅ 13.06.2016 ˆ½Å œ¸¢£œ¸°¸ ”ú¤¸ú‚¸£.ÇÅ.¤¸úœ¸ú.¤¸ú¬ provision debited to other reserves as at the end of the year. (As
¸ú.102/21.04.048/2015-16 ˆ½Å ‚›¸º¬¸¸£) per RBI Circular DBR No. BP.BC.102/21.04.048/2015-16 dated
13.06.2016)
©¸»›¡¸    (©¸»›¡¸) NIL  (NIL)

95
 Annual Report 2020-21

4.6 ‚›¡¸ ¤¸ÿˆÅ¸Ê ¬¸½ ‰¸£ú™ú Š¸ƒÄ ‚›¸]¸ÄˆÅ ¢¨¸î¸ú¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¤¡¸¸¾£½ 4.6 Details of non- performing financial assets purchased from
other Banks
(`  ˆÅ£¸½”õ Ÿ¸Ê)
(`  in Crore)
ÇÅ.¬¸¿. ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 S.N. Particulars 31.03.2021 31.03.2020
1. (ˆÅ) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ‰¸£ú™½ Š¸¡¸½ ‰¸¸÷¸¸Ê ˆÅú (a) No. of accounts purchased
©¸»›¡¸ ©¸»›¡¸ 1 Nil Nil
¬¸¿‰¡¸¸ during the year
(b) Aggregate outstanding 0.00 0.00
(‰¸) ¬¸ˆÅ¥¸ ¤¸ˆÅ¸¡¸¸ 0.00 0.00
(a) Of these, no of accounts
2. (ˆÅ) ƒ›¸Ÿ¸Ê ¬¸½ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸º›¸¬¸ô£¢\¸÷¸ 2 Nil Nil
©¸»›¡¸ ©¸»›¡¸ restructured during the year
‰¸¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ (b) Aggregate outstanding 0.00 0.00
(‰¸) ¬¸ˆÅ¥¸ ¤¸ˆÅ¸¡¸¸ 0.00 0.00
4.7 Details of non- performing financial assets sold to other Banks
4.7 ‚›¡¸ ¤¸ÿˆÅ¸Ê ˆÅ¸½ ¤¸½\¸ú Š¸ƒÄ ‚›¸]¸ÄˆÅ ¢¨¸î¸ú¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¤¡¸¸¾£¸ (`  in Crore)
(`  ˆÅ£¸½”õ Ÿ¸Ê) S.N. Particulars 31.03.2021 31.03.2020
ÇÅ.¬¸¿. ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 No. of accounts sold during
1. Nil Nil
the year
1. ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸½\¸½ Š¸¡¸½ ‰¸¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ ©¸»›¡¸ ©¸»›¡¸ 2. Aggregate outstanding 0.00 0.00
2. ¬¸ˆÅ¥¸ ¤¸ˆÅ¸¡¸¸ 0.00 0.00 Aggregate consideration
3. 0.00 0.00
received
3. œÏ¸œ÷¸ ¬¸ˆÅ¥¸ œÏ¢÷¸ûÅ¥¸ 0.00 0.00
4.8 Disclosure relating to Securitization:
4.8 œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ œÏˆÅ’úˆÅ£µ¸: (`  In Crore)
(`  ˆÅ£¸½”õ Ÿ¸Ê)
31-03- 31-03-
31-03- 31-03- 2021 2020
2021 2020 S. N. Particulars
ÇÅ.¬¸¿. ¢¨¸¨¸£µ¸ (No./ (No./
(¬¸¿./ (¬¸¿./ Amt) Amt)
£¸¢©¸) £¸¢©¸)
1 No of SPVs sponsored by the bank for securitization
1 ¤¸ÿˆÅ ׸£¸ œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ¬¸¿¨¡¸¨¸í¸£¸Ê í½÷¸º œÏ¸¡¸¸½¢]¸÷¸ ‡¬¸œ¸ú¨¸ú ˆÅú ¬¸¿‰¡¸¸* transactions
2 ¤¸ÿˆÅ ׸£¸ œÏ¸¡¸¸½¢]¸÷¸ ‡¬¸œ¸ú¨¸ú ˆÅú ¤¸¢í¡¸¸Ê ˆ½Å ‚›¸º¬¸¸£ œÏ¢÷¸ž¸»¢÷¸ˆ¼Å÷¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅú 2 Total amount of securitized assets as per books of the
ˆºÅ¥¸ £¸¢©¸ SPVs sponsored by the bank
3 ÷¸º¥¸›¸œ¸°¸ ˆ½Å ¢™›¸¸¿ˆÅ ˆÅ¸½ ‡Ÿ¸‚¸£‚¸£ ‚›¸ºœ¸¸¥¸›¸ ˆ½Å œÏ¢÷¸ ¤¸ÿˆÅ ׸£¸ š¸¸¢£÷¸ ¢¨¸Š¸¸½œ¸›¸ 3 Total amount of exposures retained by the bank to
ˆÅú ˆºÅ¥¸ £¸¢©¸ comply with MRR as on the date of balance sheet
ˆÅ) ÷¸º¥¸›¸œ¸°¸ ¤¸¸à¸ ¢¨¸Š¸¸½œ¸›¸ a) Off-balance sheet exposures
œÏ˜¸Ÿ¸ í¸¢›¸ First loss
‚›¡¸ Others
‰¸) ÷¸º¥¸›¸œ¸°¸ ˆÅú Ÿ¸™¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢¨¸Š¸¸½œ¸›¸ b) On-balance sheet exposures
œÏ˜¸Ÿ¸ í¸¢›¸ First loss
‚›¡¸   Others  
4 ‡Ÿ¸‚¸£‚¸£ ˆ½Å ‚¥¸¸¨¸¸ œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ¬¸¿¨¡¸¨¸í¸£¸Ê ˆ½Å œÏ¢÷¸ ¢¨¸Š¸¸½œ¸›¸ ˆÅú £¸¢©¸ 4 Amount of exposures to securitization transactions other
ˆÅ)   ÷¸º¥¸›¸œ¸°¸ ¤¸¸à¸ ¢¨¸Š¸¸½œ¸›¸ than MRR
i) ¬¨¸¡¸¿ ˆ½Å œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ˆ½Å œÏ¢÷¸ ¢¨¸Š¸¸½œ¸›¸ ©¸»›¡¸ ©¸»›¡¸ a)   Off-balance sheet exposures Nil Nil
œÏ˜¸Ÿ¸ í¸¢›¸ i) Exposure to own securitizations
‚›¡¸ First loss
ii) ÷¸ú¬¸£½ œ¸®¸ ˆ½Å œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ˆ½Å œÏ¢÷¸ ¢¨¸Š¸¸½œ¸›¸ Loss
  œÏ˜¸Ÿ¸ í¸¢›¸ ii) Exposure to third party securitizations
  ‚›¡¸   First loss
‰¸) ÷¸º¥¸›¸œ¸°¸ ˆÅú Ÿ¸™¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢¨¸Š¸¸½œ¸›¸   Others
i) ¬¨¸¡¸¿ ˆ½Å œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ˆ½Å œÏ¢÷¸ ¢¨¸Š¸¸½œ¸›¸ b) On-balance sheet exposures
œÏ˜¸Ÿ¸ í¸¢›¸ i) Exposure to own securitizations
‚›¡¸ First loss
ii) ÷¸ú¬¸£½ œ¸®¸ ˆ½Å œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ˆ½Å œÏ¢÷¸ ¢¨¸Š¸¸½œ¸›¸ Others
œÏ˜¸Ÿ¸ í¸¢›¸ ii) Exposure to third party securitizations
  ‚›¡¸ First loss
4.9 œ¸º›¸¬¸ô£\¸úˆ¼Å÷¸ ‰¸¸÷¸¸Ê ˆ½Å ¢¨¸¨¸£µ¸   Others
ˆÅ) ‚¥¸Š¸ ¬¸½ ‚›¸º¥¸Š›¸ˆÅ ]¸¸½”õ¸ Š¸¡¸¸ í¾— 4.9 Particulars of Accounts Restructured
‰¸) œ¸¢£œ¸°¸ ÇÅ. ‚¸£¤¸ú‚¸ƒÄ/2019-20/100 ”ú¤¸ú‚¸£ ÇÅ. ¤¸úœ¸ú. a) Separate Annexure enclosed
¤¸ú¬¸ú18/21.04.048/2019-20 ¢™›¸¸¿ˆÅ 01.01.2019 ˆ½Å ‚›¸º¬¸¸£ b) Details of accounts restructured during FY 2020-21
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ œ¸º›¸¬¸ô£\¸úˆ¼Å÷¸ ‰¸¸÷¸¸Ê ˆ½Å ¢¨¸¨¸£µ¸ À as per Circular No. RBI/2019-20/100 DBR No. BP.
BC18/21.04.048/2019-20 dated 01.01.2019:
(`  ˆÅ£¸½”õ Ÿ¸Ê)
(` in Crores)
œ¸º›¸¬¸ô£\¸úˆ¼Å÷¸ ‰¸¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ £¸¢©¸ No. of Accounts restructured Amount
11470 861.98 11470 861.98

96
 31.03.2021 ˆÅ¸½ œ¸º›¸¬¸ô£¢\¸÷¸ ‰¸¸÷¸¸Ê ˆÅ¸ œÏˆÅ’›¸ Disclosure of Restructured Accounts as on 31.03.2021

¤¸ÿˆÅ ˆÅ¸ ›¸¸Ÿ¸ - ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï NAME OF THE BANKÀ Bank of Maharashtra (`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

ÇÅ.¬¸¿. œ¸º›¸¬¸ô£\¸›¸¸ ˆÅ¸ œÏˆÅ¸£ Type of Restructuring  ¬¸ú”ú‚¸£ ÷¸¿°¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ Under CDR Mechanism ‡¬¸‡Ÿ¸ƒÄ †µ¸ œ¸º›¸¬¸ô£\¸›¸¸ ÷¸¿°¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ Under SME Debt Restructuring Mechanism ‚›¡¸ Others ˆºÅ¥¸ Total
Sr No
‚¸¦¬÷¸ ¨¸Š¸úĈţµ¸ Asset Classification  Ÿ¸¸›¸ˆÅ ‚¨¸ Ÿ¸¸›¸ˆÅ ¬¸¿¢™Šš¸ í¸¢›¸ Loss ˆºÅ¥¸ Total Ÿ¸¸›¸ˆÅ ‚¨¸ Ÿ¸¸›¸ˆÅ ¬¸¿¢™Šš¸ í¸¢›¸ Loss ˆºÅ¥¸ Total Ÿ¸¸›¸ˆÅ ‚¨¸ Ÿ¸¸›¸ˆÅ ¬¸¿¢™Šš¸ í¸¢›¸ Loss ˆºÅ¥¸ Total Ÿ¸¸›¸ˆÅ ‚¨¸ Ÿ¸¸›¸ˆÅ ¬¸¿¢™Šš¸ í¸¢›¸ Loss ˆºÅ¥¸ Total
Stand- Sub- Doubt-ful Stand- Sub- Doubt-ful Stand- Sub- Doubt-ful Stand- Sub- Doubt-ful
¢¨¸¨¸£µ¸ Details  ard Stand-ard ard Stand-ard ard Stand-ard ard Stand-ard

1 1 ‚œÏ¾¥¸ 2020 ˆÅ¸½ œ¸º›¸¬¸ô£¢\¸÷¸ ‰¸¸÷¸½ (‚¸£¿¢ž¸ˆÅ ‚¸¿ˆÅ”½)* „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅú ¬¸¿‰¡¸¸ 0 0 5 1 6 14501 1947 271 51 16770 1579 400 185 64 2228 16080 2347 461 116 19004
Restructured Accounts as on April 1 , 2020 No. of borrowers
Jeeef<e&keÀ efjHeesì& 2020-21

(opening figures)*
¤¸ˆÅ¸¡¸¸ £ˆÅŸ¸ Amount 0.00 0.00 152.48 20.86 173.34 1154.21 113.77 164.02 53.11 1485.11 60.16 99.56 562.16 58.24 780.12 1214.37 213.33 878.66 132.21 2438.57
outstanding
„›¸ œ¸£ œÏ¸¨¸š¸¸›¸ Provi- 0.00 0.00 0.00 0.00 0.00 60.60 2.58 0.39 0.00 63.57 3.25 0.50 0.00 0.00 3.75 63.84 3.08 0.39 0.00 67.31
sion thereon
2 ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ›¸ƒÄ œ¸º›¸¬¸ô£\¸›¸¸‡¿ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅú ¬¸¿‰¡¸¸ 0 0 0 0 0 8689 400 19 37 9,145 5548 218 24 21 5811 14237 618 43 58 14956
Fresh restructuring during the year No. of borrowers
¤¸ˆÅ¸¡¸¸ £ˆÅŸ¸ Amount 0.00 0.00 0.00 0.00 0.00 937.05 50.28 0.76 0.30 988.39 836.28 10.35 1.53 0.34 848.50 1773.33 60.63 2.29 0.64 1836.89
outstanding
„›¸ œ¸£ œÏ¸¨¸š¸¸›¸ Provi- 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 4.83 0.19 0.02 0.00 5.04 4.84 0.19 0.02 0.00 5.05
sion thereon
3 ¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸º›¸¬¸ô£¢\¸÷¸ Ÿ¸¸›¸ˆÅ ª½µ¸ú ˆÅ¸ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅú ¬¸¿‰¡¸¸ 0 0 0 0 0 59 -55 18 -22 0 6 -5 7 -8 0 65 -60 25 -30 0
ˆÅ¸½¢’„››¸¡¸›¸ No. of borrowers
Upgradations to restructured standard cat-
egory during the FY ¤¸ˆÅ¸¡¸¸ £ˆÅŸ¸ Amount 0.00 0.00 0.00 0.00 0.00 28.36 -12.65 33.64 -49.34 0.01 0.51 -0.50 34.64 -34.65 - 28.87 -13.15 68.28 -83.99 0.01
outstanding
„›¸ œ¸£ œÏ¸¨¸š¸¸›¸ Provi- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.02 -0.02 0.00 0.00 0.00 0.02 -0.02 0.00 0.00 0.00
sion thereon

97
4 œ¸º›¸¬¸ô£¢\¸÷¸ Ÿ¸¸›¸ˆÅ ‰¸¸÷¸½ ¢]¸›¸Ÿ¸Ê „\\¸ œÏ¸¨¸š¸¸›¸ ]¸³Å£ú ›¸íú¿ ‚¸¾£/¡¸¸ ¢¨¸î¸ú¡¸ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅú ¬¸¿‰¡¸¸ 0 0 -1052 -1052 -347 -347 -1399 -1399
¨¸«¸Ä ˆ½Å ‚¿÷¸ Ÿ¸Ê ‚¢÷¸¢£Æ÷¸ ]¸¸½¢‰¸Ÿ¸ ž¸¸£ ‚÷¸À ‚Š¸¥¸½ ¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å œÏ¸£¿ž¸ Ÿ¸Ê No. of borrowers
œ¸º›¸¬¸ô£¢\¸÷¸ Ÿ¸¸›¸ˆÅ ‚¢ŠÏŸ¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ¢™‰¸¸›¸¸ ]¸³Å£ú ›¸íú¿ í¾ Restructured
standard advances which cease to attract higher provisioning ¤¸ˆÅ¸¡¸¸ £ˆÅŸ¸ Amount 0.00 0.00 -41.49 -41.49 -8.45 -8.45 -49.94 -49.94
and /or additional risk weight at the end of the FY and outstanding
hence need not be shown as restructured standard advances
at the beginning of the next FY „›¸ œ¸£ œÏ¸¨¸š¸¸›¸ Provi- 0.00 0.00 -60.35 -60.35 -1.29 -1.29 -61.64 -61.64
sion thereon
5 ¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸º›¸¬¸ô£¢\¸÷¸ ‰¸¸÷¸¸Ê ˆÅ¸ ˆÅ¸½¢’‚¨¸›¸¡¸›¸ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅú ¬¸¿‰¡¸¸ 0 0 0 0 0 -3682 1941 1699 42 - -289 71 190 28 0 -3971 2012 1889 70 0
Downgradations of restructured accounts No. of borrowers
during the FY
¤¸ˆÅ¸¡¸¸ £ˆÅŸ¸ Amount 0.00 0.00 0.00 0.00 0.00 -301.49 144.41 154.94 2.14 0.00 -8.63 -87.19 88.75 7.07 0.00 -310.12 57.22 243.69 9.21 0.00
outstanding
„›¸ œ¸£ œÏ¸¨¸š¸¸›¸ Provi- 0.00 0.00 0.00 0.00 0.00 0.00 -2.53 -0.32 0.00 -2.85 0.00 -0.08 0.40 0.00 0.32 0.00 -2.61 0.08 0.00 -2.53
sion thereon
6 ¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸º›¸¬¸ô£¢\¸÷¸ ‰¸¸÷¸¸Ê ˆÅ¸½ ¤¸’Ã’½ ‰¸¸÷¸½ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅú ¬¸¿‰¡¸¸ 0 0 -1 -1 -2.00 0 -197 -38 -4 -239 0 -189 -147 -27 -363 0 -386 -186 -32 -604
Ÿ¸Ê ”¸¥¸›¸¸ No. of borrowers
Write-offs of restructured accounts during
the FY ¤¸ˆÅ¸¡¸¸ £ˆÅŸ¸ Amount 0.00 0.00 -29.66 -20.86 -50.52 -33.43 -7.24 -18.77 -0.04 -59.48 -1.18 -3.21 -473.45 -1.61 -479.45 -34.61 -10 -521.88 -22.51 -589.45
outstanding

7 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ œ¸º›¸¬¸ô£¢\¸÷¸ ‰¸¸÷¸½ (‚¿¢÷¸Ÿ¸ ‚¸¿ˆÅ”½)* „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅú ¬¸¿‰¡¸¸ 0 0 4 0 4 18515 4036 1969 104 24624 6497 495 259 78 7329 25012 4531 2232 182 31957
Restructured Accounts as on 31st March No. of borrowers
2021 (closing figures*)
¤¸ˆÅ¸¡¸¸ £ˆÅŸ¸ Amount 0.00 0.00 122.82 0.00 122.82 1743.21 288.57 334.59 6.17 2372.54 878.69 19.01 213.63 29.39 1140.72 2621.90 307.58 671.04 35.56 3636.08
outstanding
„›¸ œ¸£ œÏ¸¨¸š¸¸›¸ Provi- 0.00 0.00 0.00 0.00 0.00 0.26 0.05 0.07 0.00 0.38 6.81 0.59 0.42 0.00 7.82 7.07 0.64 0.49 0.00 8.20
sion thereon
*Ÿ¸¸›¸ˆÅ œ¸º›¸¬¸ô£¢\¸÷¸ ‚¢ŠÏŸ¸¸Ê ˆ½Å ‚¸ˆÅ”õ¸Ê ˆÅ¸½ Ž¸½” ˆÅ£, ¢]¸›¸Ÿ¸Ê „\\¸÷¸£ œÏ¸¨¸š¸¸›¸ ¡¸¸ ]¸¸½¢‰¸Ÿ¸ ž¸¸£ (¡¸¢™ ¥¸¸Š¸» í¸½) ]¸³Å£ú ›¸íú¿ í¾. *Excluding the figures of Standard Restructured Advances which do not attract higher provisioning or risk weight (if applicable).
Writen off accounts included account closed through OTS/ Closed.
Sr No 2 includes ` 133.15 crore of fresh/ Additional sanctions to existing restructured accounts.
Sr No 6 includes recovery of ` 119.81 crore and fresh write off of Rs 469.64 crore
 Annual Report 2020-21

4.10 31.03.2021 ˆÅ¸½ ™¤¸¸¨¸ŠÏ¬÷¸ ‚¸¦¬÷¸¡¸¸¿ (‡¬¸4‡) ˆÅú ¬¸÷¸÷¸ ¬¸¿£\¸›¸¸ 4.10 Sustainable structuring of stressed assets (S4A), as on 31.03.2021
(As per RBI circular DBR.No. BP.BC.33/21.04.132/2016-17
(‚¸£¤¸ú‚¸ƒÄ ˆ½Å ¢™›¸¸¿ˆÅ 10.11.2016 ˆ½Å œ¸¢£œ¸°¸ ”ú¤¸ú‚¸£.ÇÅ.¤¸úœ¸ú.¤¸ú¬
dated 10.11.2016)
¸ú.33/21.04.132/2016-17) (`  in Crore)
(`  ˆÅ£¸½”õ Ÿ¸Ê)
No of Amount outstanding
‰¸¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ ¤¸ˆÅ¸¡¸¸ £¸¢©¸ Asset
accounts Aggregate
Provision
]¸í¸¿ (‡¬¸4‡) ¤¸ˆÅ¸¡¸¸ ¬¸Ÿ¸ŠÏ ¢ˆÅ‡ Š¸‡ where S4A amount
Classification In Part A In Part B held
‚¸¦¬÷¸ ¨¸Š¸úĈţµ¸ has been outstanding
¥¸¸Š¸» ¢ˆÅ¡¸¸ £¸¢©¸ ž¸¸Š¸ ‡ Ÿ¸Ê ž¸¸Š¸ ¤¸ú Ÿ¸Ê œÏ¸¨¸š¸¸›¸ applied
Š¸¡¸¸ í¾ Standard 2 252.93 248.84 312.46 136.39
Ÿ¸¸›¸ˆÅ 2 252.93 248.84 312.46 136.39 NPA 2 27.70
‡›¸œ¸ú‡ 2 27.70
4.11 Flexible structuring of Existing Loans
4.11 ¢¨¸Ô¸Ÿ¸¸›¸ †µ¸¸Ê ˆÅú ¥¸\¸ú¥¸ú ¬¸¿£\¸›¸¸ (As per RBI circular DBR.No.BP.BC.34/21.04.132/2016-17
dated 10.11.2016)
(‚¸£¤¸ú‚¸ƒÄ ˆ½Å ¢™›¸¸¿ˆÅ 10.11.2016 ˆ½Å œ¸¢£œ¸°¸ ”ú¤¸ú‚¸£.ÇÅ.¤¸úœ¸ú.¤¸ú¬
(`  in Crore)
¸ú.34/21.04.132/2016-17)
Exposure weighted
(`  ˆÅ£¸½”õ Ÿ¸Ê) Amount of loans taken up average duration of loans
No. of
¥¸\¸ú¥¸ú ¬¸¿ £ \¸›¸¸ ˆ½Å ¢¥¸‡ for flexible structuring taken up for flexible
borrowers
¥¸\¸ú¥¸½œ¸›¸ ˆÅú ¥¸\¸ú¥¸½œ¸›¸ ˆÅú ¬¸¿£\¸›¸¸ ˆ½Å ¢¥¸‡ „“¸‡ Š¸‡ †µ¸¸Ê ˆÅú ‚¨¸¢š¸ ˆÅ¸ Period taken up
structuring
¬¸¿£\¸›¸¸ ˆ½Å ¥¸ú Š¸ƒÄ †µ¸ ˆÅú £¸¢©¸ Ƭ¸œ¸¸½]¸£ ž¸¸¢£÷¸ ‚¸¾¬¸÷¸ for flexible Classi-
Before After
‚¨¸¢š¸ ¢¥¸‡ ¢¥¸‡ Š¸‡ Classified applying applying
structuring fied as
„š¸¸£ˆÅ÷¸¸Ä‚¸Ê Ÿ¸¸›¸ˆÅ ˆ½Å ³Åœ¸ ‡›¸œ¸ú‡ ˆ½Å ³Åœ¸ ¥¸\¸ú¥¸ú ¥¸\¸ú¥¸ú Standard
as NPA flexible flexible
ˆÅú ¬¸¿‰¡¸¸ Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ˆÅ£›¸½¬¸¿£\¸›¸¸ ¥¸¸Š¸» ¬¸¿£\¸›¸¸ ¥¸¸Š¸» structuring structuring
¬¸½ œ¸í¥¸½ ˆÅ£›¸½ ˆ½Å œ¸ä¸¸÷¸ Previous
financial year – Nil Nil Nil Nil Nil
¢¨¸Š¸÷¸ ¢¨¸î¸ú¡¸ ¨¸«¸Ä - ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ 2019-20
2019-20 Current financial
Nil Nil Nil Nil Nil
\¸¸¥¸» ¢¨¸î¸ú¡¸ ¨¸«¸Ä - year - 2020-21
2020-21 ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸
4.12 Provisions on Standard Assets
(`  in Crore)
4.12 Ÿ¸¸›¸ˆÅ ‚¸¦¬÷¸¡¸¸Ê œ¸£ œÏ¸¨¸š¸¸›¸
(`  ˆÅ£¸½”õ Ÿ¸Ê) S.N Particulars 31.03.2021 31.03.2020
Provisions towards Standard
1 754.12 621.49
ÇÅ. ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 Advances
Provisions towards Standard
1 Ÿ¸¸›¸ˆÅ ‚¸¦¬÷¸¡¸¸Ê í½÷¸º œÏ¸¨¸š¸¸›¸ 754.12 621.49 2
Assets (Derivative exposure) Forex
2.11 2.75

ûŸÁ£½Æ¬¸ Ÿ¸¸›¸ˆÅ ‚¸¦¬÷¸¡¸¸Ê (”½¢£¨¸½¢’¨¸ ¢¨¸Š¸¸½œ¸›¸) 3

Provision towards Un-hedged
6.87 6.47
2 2.11 2.75 Foreign Currency Exposure
í½÷¸º œÏ¸¨¸š¸¸›¸
4 Interest rate derivative NIL NIL
3 ‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸ í½÷¸º œÏ¸¨¸š¸¸›¸ 6.87 6.47 Total 763.10 630.71
4 ”½¢£¨¸½¢’¨¸ ¤¡¸¸]¸ ™£ ©¸»›¡¸ ©¸»›¡¸ Note:- ‘Provisions against Standard Assets’, is shown under
ˆºÅ¥¸ 763.10 630.71 ‘Other Liabilities and Provisions – Others in Schedule No. 5 of
the balance sheet.
›¸¸½’ À- `Ÿ¸¸›¸ˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸¸Ê' ˆÅ¸½ ÷¸º¥¸›¸ œ¸°¸ ˆÅú ‚›¸º¬¸»\¸ú ¬¸¿‰¡¸¸ 5 Ÿ¸Ê `‚›¡¸
™½¡¸÷¸¸‡¿ ‡¨¸¿ œÏ¸¨¸š¸¸›¸¸Ê-‚›¡¸' ˆ½Å ‚¿÷¸Š¸Ä÷¸ œÏ™¢©¸Ä÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— 4.13 Details of floating provision
(`  in Crore)
4.13 ‚¦¬˜¸£ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ¢¨¸¨¸£µ¸
SN Particulars 31.03.2021 31.03.2020
(`  ˆÅ£¸½”õ Ÿ¸Ê)
Opening Balance in the floating
a 0.00 0.00
provisions account
ÇÅ. ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
The quantum of floating provisions made
b 0.00 0.00
ˆÅ. ‚¦¬˜¸£ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ‰¸¸÷¸½ Ÿ¸Ê œÏ¸£¿¢ž¸ˆÅ ©¸½«¸ 0.00 0.00 in the accounting year
Amount of draw down made during the
¥¸½‰¸¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ Š¸‡ ‚¦¬˜¸£ c 0.00 0.00
accounting year
‰¸. 0.00 0.00
œÏ¸¨¸š¸¸›¸ ˆÅú œÏŸ¸¸°¸¸ Closing Balance in the floating provisions
d 0.00 0.00
account
Š¸. ¥¸½‰¸¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ‚¸í¢£÷¸ ˆÅú Š¸ƒÄ £ˆÅŸ¸ 0.00 0.00
4.14 The Bank has exposure of Rs 558.05 Crores with 2 borrower
‹¸. ‚¦¬˜¸£ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ‰¸¸÷¸¸Ê Ÿ¸Ê ‚¿¢÷¸Ÿ¸ ©¸½«¸ 0.00 0.00 accounts belonging to the same Group. As per the NCLT,
Kolkata Bench Order dated 21 October 2020 the Bank has not
4.14 ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ ‡ˆÅ íú ŠÏºœ¸ ˆ½Å 2 „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆ½Å ‰¸¸÷¸¸Ê ˆ½Å ¬¸¸˜¸ ` 558.05 ˆÅ£¸½”õ ˆÅ¸ ‡Æ¬¸œ¸¸½]¸£ declared these accounts as NPA and maintained statusquo of
í¾— ‡›¸¬¸ú‡¥¸’ú, ˆÅ¸½¥¸ˆÅ¸÷¸¸ ¤¸Ê\¸ ‚¸Á”£ ¢™›¸¸¿ˆÅ 21 ‚Æ÷¸»¤¸£ 2020 ˆ½Å ‚›¸º¬¸¸£, ¤¸ÿˆÅ ›¸½ ƒ›¸ ‰¸¸÷¸¸Ê ˆÅ¸½ Standard Asset until further orders. As a matter of prudence, the
‡›¸œ¸ú‡ ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ›¸íú¿ ¢ˆÅ¡¸¸ í¾ ‚¸¾£ ‚¸Š¸¸Ÿ¸ú ‚¸™½©¸ ÷¸ˆÅ Ÿ¸¸›¸ˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¬’½’¬¸Æ¡¸»‚¸½ ˆÅ¸½ unrealized interest income has been reversed. The Bank along
¤¸›¸¸‡ £‰¸¸ í¾— ¢¨¸¨¸½ˆÅœ¸»µ¸Ä Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ³Åœ¸ Ÿ¸Ê ‚œÏ¸œ¡¸ ¤¡¸¸]¸ ‚¸¡¸ ˆÅ¸½ ¢£¨¸¬¸Ä ˆÅ£ ¢™¡¸¸ Š¸¡¸¸ í¾— ¤¸ÿˆÅ ›¸½ ‚›¡¸ with other Banks have filed an appeal against the NCLT, Kolkata
¤¸ÿˆÅ¸Ê ˆ½Å ¬¸¸˜¸ ¢Ÿ¸¥¸ˆÅ£ ‡›¸¬¸ú‡¥¸’ú, ˆÅ¸½¥¸ˆÅ¸÷¸¸ ¤¸Ê\¸ ‚¸Á”£ ˆ½Å ¢¨¸³ÅÖ ‡ˆÅ ‚œ¸ú¥¸ ™¸¡¸£ ˆÅú í¾ ‚¸¾£ ¨¸í Bench Order and same is pending. As the Bank is maintaining
‚ž¸ú ¥¸¿¢¤¸÷¸ í¾— \¸»¿¢ˆÅ ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ ˆÅ¸½¢¨¸” 19 ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ œ¸¡¸¸Äœ÷¸ œÏ¸¨¸š¸¸›¸ íÿ, ‚÷¸À ƒ¬¸ ¬¸¿¤¸¿š¸ Ÿ¸Ê ˆÅ¸½ƒÄ sufficient COVID 19 related provisions, no specific provision is
¢¨¸¢©¸«’ œÏ¸¨¸š¸¸›¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— held in this regard.

98
Jeeef<e&keÀ efjHeesì& 2020-21

4.15 ‡›¸œ¸ú‡ ‚¸¾£ œÏ¸¨¸š¸¸›¸¸Ê œ¸£ ‚¸£¤¸ú‚¸ƒÄ ˆ½Å ¢™›¸¸¿ˆÅ 07.06.2019 ˆ½Å œ¸¢£œ¸°¸ ÇÅ. 4.15 Impact of RBI circular No. RBI/2018-19 DBR.No.BP.
‚¸£¤¸ú‚¸ƒÄ/ 2018-19 ”ú¤¸ú‚¸£.ÇÅ.¤¸úœ¸ú.¤¸ú¬¸ú.45/21.04.048/2018-19 ˆÅ¸ BC.45/21.04.048/2018-19 dated 07.06.2019 on NPAs &
provisions.
œÏž¸¸¨¸
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)
‡›¸œ¸ú‡ 31.03.2021 ‚¸£¤¸ú‚¸ƒÄ ˆ½Å œ¸¢£œ¸°¸ Amount As on Additional Provi- Provision
‚¸£¤¸ú‚¸ƒÄ 31.03.2021 Amount
ˆ½Å ³Åœ¸ Ÿ¸Ê ˆ½Å ‚›¸º¬¸¸£ ¬¸½ œÏž¸¸¢¨¸÷¸ ‚›¸º¬¸¸£ of Loans 31.03.2020 sion required for out of (iv)
ˆ½Å œ¸¢£œ¸°¸ ׸£¸ (iv) of loans
¨¸Š¸úĈ¼Å÷¸ ‡›¸œ¸ú‡ ˆ½Å ³Åœ¸ Ÿ¸Ê ‡›¸œ¸ú‡ ˆ½Å ³Åœ¸ Ÿ¸Ê to be amount of loans classified already
¬¸½ œÏž¸¸¢¨¸÷¸ Ÿ¸Ê ¬¸½ ‚ž¸ú impacted
¢ˆÅ‡ ]¸¸›¸½ ¨¸Š¸úĈ¼Å÷¸ (ii) Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ †µ¸¸Ê ˆ½Å ¢¥¸‡ classified loans out of (ii) as NPA a per made by
†µ¸¸Ê ˆÅú ÷¸ˆÅ ¢ˆÅ‡ Š¸‡ by RBI
í½÷¸º †µ¸¸Ê ˆÅú ¬¸½ †µ¸¸Ê ˆÅú £¸¢©¸ ‚œ¸½¢®¸÷¸ ‚¢÷¸¢£Æ÷¸ as NPA classified as RBI Circular 31.03.2021
Circular (i)
£¸¢©¸ (i) œÏ¸¨¸š¸¸›¸ (v) (ii) NPA (iii) impact (iv) (v)
£¸¢©¸ (ii) (iii) œÏ¸¨¸š¸¸›¸ (iv)
1120.44 544.64 544.64 1.50 1.50
1120.44 544.64 544.64 1.50 1.50
5. Business Ratios
5. ˆÅ¸£¸½¤¸¸£ú ‚›¸ºœ¸¸÷¸À
S N Particulars 31.03.2021 31.03.2020
ÇÅ. ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 Interest Income as a percentage
i 6.42% 6.78%
to Working Funds.
i ˆÅ¸¡¸Ä©¸ú¥¸ ¢›¸¢š¸¡¸¸Ê ¬¸½ ¤¡¸¸]¸ ‚¸¡¸ ˆÅ¸ œÏ¢÷¸©¸÷¸ 6.42% 6.78%
Non-Interest Income as a
ii ˆÅ¸¡¸ÄˆÅ¸£ú ¢›¸¢š¸¡¸¸Ê ¬¸½ Š¸¾£¤¡¸¸]¸ú ‚¸¡¸ ˆÅ¸ œÏ¢÷¸©¸÷¸ 1.42% 0.97% ii 1.42% 0.97%
percentage to Working Funds.
ˆÅ¸¡¸ÄˆÅ¸£ú ¢›¸¢š¸¡¸¸Ê ¬¸½ œ¸¢£\¸¸¥¸›¸Š¸÷¸ ¥¸¸ž¸ ˆÅ¸ Operating Profit as a percentage
iii 2.14% 1.68% iii 2.14% 1.68%
œÏ¢÷¸©¸÷¸ to Working Funds.
iv ‚¸¦¬÷¸¡¸¸Ê œ¸£ ‚¸¡¸ 0.30% 0.23% iv Return on Assets 0.30% 0.23%
œÏ¢÷¸ ˆÅŸ¸Ä\¸¸£ú ˆÅ¸£¸½¤¸¸£ (]¸Ÿ¸¸ + ‚¢ŠÏŸ¸) Business (Deposits + Advances)
v 21.45 19.52 v 21.45 19.52
(³Åœ¸¡¸½ ˆÅ£¸½”õ Ÿ¸Ê) per employee (` in Crore)
vi œÏ¢÷¸ ˆÅŸ¸Ä\¸¸£ú ¥¸¸ž¸ (³Åœ¸¡¸½ ¥¸¸‰¸ Ÿ¸Ê) 4.19 3.10 vi Profit per Employee (` in Lakh) 4.19 3.10

6. ‚¸¦¬÷¸ ™½¡¸÷¸¸ œÏ¤¸¿š¸›¸À

Asset Liability Management:
‚¸¦¬÷¸¡¸¸Ê ‚¸¾£ ™½¡¸÷¸¸‚¸Ê ˆÅú ˆºÅŽ Ÿ¸™¸Ê ˆÅú œ¸¢£œ¸Æ¨¸÷¸¸ œ¸š™¢÷¸ (`  ˆÅ£¸½”õ Ÿ¸Ê)
Maturity pattern of certain items of Assets and Liabilities (`  in Crore)

2 Ÿ¸¸í ¬¸½ 3 Ÿ¸¸í ¬¸½ 6 Ÿ¸¸í ¬¸½ 1 ¨¸«¸Ä ¬¸½

3 ¨¸«¸Ä ¬¸½
31 ¢™›¸ ¬¸½ ‚¢š¸ˆÅ 3 ‚¢š¸ˆÅ ‚¢š¸ˆÅ ‚¢š¸ˆÅ
‚¢š¸ˆÅ 5
2 ¬¸½ 7 8 ¬¸½ 14 15 ¬¸½ 30 5 ¨¸«¸Ä ¬¸½
¢¨¸¨¸£µ¸ 1 ¢™›¸ ¢™›¸ ¢™›¸ ¢™›¸ 2 Ÿ¸¸í Ÿ¸¸í ÷¸ˆÅ ‚¸¾£ 6 ‚¸¾£ 1 ‚¸¾£ 3
¨¸«¸Ä ÷¸ˆÅ ‚¢š¸ˆÅ ˆºÅ¥¸
Particulars 1 day 31 Over 2 Ÿ¸¸í ÷¸ˆÅ ¨¸«¸Ä ÷¸ˆÅ ¨¸«¸Ä ÷¸ˆÅ Over 3 Total
2 to 7 8 to 14 15 to 30 months Over 3 Over 6 Over Over 5
days to years
days days days and up months months 1 year years
2months up to 5
to 3 up to 6 up to 1 up to 3 years
months months year years
]¸Ÿ¸¸£¸¢©¸¡¸¸¿ 1737.62 3071.35 3301.39 6108.52 8807.74 10005.90 21137.21 36172.00 27297.67 19218.45 37147.76 174005.62
Deposits
‚¢ŠÏŸ¸ 902.91 1669.85 1679.25 4170.62 5451.87 4993.95 9170.54 11811.83 28069.06 22366.55 17367.33 107653.75
Advances
¢›¸¨¸½©¸ 15.00 194.03 0.00 278.94 248.45 14.61 246.78 2444.66 18923.96 13375.65 32904.64 68646.72
Investments
„š¸¸¢£¡¸¸¿ 81.45 0.00 2.85 0.00 2.85 2.85 8.55 1017.10 1517.35 0.00 1634.92 4267.92
Borrowings
¢¨¸™½©¸ú Ÿ¸ºÍ¸
‚¸¦¬÷¸¡¸¸Â 372.42 2977.14 32.19 1792.58 869.19 485.93 2495.76 1916.80 0.00 0.00 0.00 10942.01
Foreign Currency
Assets
¢¨¸™½©¸ú Ÿ¸ºÍ¸
™½¡¸÷¸¸‡Â 503.50 2051.33 5.63 1799.33 731.44 39.57 2836.37 2741.96 59.85 52.48 0.00 10821.46
Foreign Currency
Liabilities

99
 Annual Report 2020-21

6.1 ÷¸£¥¸÷¸¸ ˆÅ¨¸£½]¸ ‚›¸ºœ¸¸÷¸ À

Liquidity Coverage Ratio:

Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸: (`  ˆÅ£¸½”õ Ÿ¸Ê)

Quantitative Disclosure: (`  in Crore)
2020-21 2019-20
ˆºÅ¥¸ ‚ž¸¸¢£÷¸ Ÿ¸»¥¡¸ ˆºÅ¥¸ ž¸¸¢£÷¸ Ÿ¸»¥¡¸ ˆºÅ¥¸ ‚ž¸¸¢£÷¸ Ÿ¸»¥¡¸ ˆºÅ¥¸ ž¸¸¢£÷¸ Ÿ¸»¥¡¸
(‚¸¾¬¸÷¸) (‚¸¾¬¸÷¸) (‚¸¾¬¸÷¸) (‚¸¾¬¸÷¸)
Total Un-weighted Total Weighted Total Un-weighted Total Weighted
Value (average) Value (average) Value (average) Value (average)
„\\¸ Š¸ºµ¸¨¸î¸¸ ˆÅú ÷¸£¥¸ ‚¸¦¬÷¸¡¸¸¿
High Quality Liquid Assets (HQLAs)
1 ˆºÅ¥¸ „\\¸ Š¸ºµ¸¨¸î¸¸ ˆÅú ÷¸£¥¸ ‚¸¦¬÷¸¡¸¸¿ 56612.98 35774.77
Total High Quality Liquid Assets
›¸ˆÅ™ú ¤¸¢íŠ¸ÄŸ¸›¸ Cash outflows
2 ¢£’½¥¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ ‚¸¾£ Ž¸½’½ ¨¡¸¨¸¬¸¸¡¸ú ŠÏ¸íˆÅ¸Ê ¬¸½ 122474.92 10634.77 120082.37 10370.19
]¸Ÿ¸¸£¸¢©¸¡¸¸¿
Retail deposits and deposits from small
business customers, of which:
(i) ¦¬˜¸£ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ Stable deposits 32254.50 1612.73 32760.84 1638.04
(ii) ˆÅŸ¸ ¦¬˜¸£ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ Less stable deposits 90220.42 9022.04 87321.53 8732.15
3 ‚£¢®¸÷¸ ˜¸¸½ˆÅ ¢›¸¢š¸¡¸›¸, ¢]¸›¸Ÿ¸Ê ¬¸½ À 20547.34 10932.99 17604.38 9834.94
Unsecure wholesale funding, of which:
(i) œ¸¢£\¸¸¥¸›¸Š¸÷¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ (¬¸ž¸ú œÏ¢÷¸œ¸®¸) 0.00 0.00 0.00 0.00
Operational deposits ( all counterparties)
(ii) ‚œ¸¢£\¸¸¥¸›¸Š¸÷¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ (¬¸ž¸ú œÏ¢÷¸œ¸®¸) 20547.34 10932.99 17604.38 9834.94
Non-operational deposits ( all counterparties)
(iii) ‚£¢®¸÷¸ †µ¸ Unsecured debt 0.00 0.00 0.00 0.00
4 £¢®¸÷¸ ˜¸¸½ˆÅ ¢›¸¢š¸¡¸›¸ 4717.69 0.00 3836.37 0.00
Secured wholesale funding
5 ‚¢÷¸¢£Æ÷¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‡¿, ¢]¸›¸Ÿ¸Ê ¬¸½ À 13596.82 1264.25 9423.84 848.09
Additional requirements, of which:
(i) ”½¢£¨¸½¢’¨¸ ¢¨¸Š¸¸½œ¸›¸ ‚¸¾£ ‚›¡¸ ¬¸í¸¡¸ˆÅ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê 6.95 6.95 0.00 0.00
¬¸¿¤¸¿š¸ú ¤¸¢íŠ¸ÄŸ¸›¸
Outflows related to derivatives exposure
and other collateral requirements
(ii) †µ¸ „÷œ¸¸™¸Ê œ¸£ ¢›¸¢š¸¡¸›¸ ˆÅú í¸¢›¸ ¬¸¿¤¸¿š¸ú ¤¸¢íŠ¸ÄŸ¸›¸ 0.00 0.00 0.00 0.00
Outflows related to loss of funding on debt
products
(iii) †µ¸ ‚¸¾£ ÷¸£¥¸÷¸¸ „÷œ¸¸™ 13589.87 1257.31 9423.84 848.09
Credit and liquidity products
6 ‚›¡¸ ‚›¸º¤¸¿š¸¸÷Ÿ¸ˆÅ ¢›¸¢š¸¡¸›¸ ¤¸¸š¡¸÷¸¸‡¿ 371.31 371.31 467.70 467.70
Other contractual funding obligations
7 ‚›¡¸ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ¢›¸¢š¸¡¸›¸ ¤¸¸š¡¸÷¸¸‡¿ 14240.51 542.88 1608.29 605.83
Other contingent funding obligations
8 ˆºÅ¥¸ ›¸ˆÅ™ú ¤¸¢íŠ¸ÄŸ¸›¸ Total cash outflows 23746.19 22126.75

›¸ˆÅ™ú ‚¿÷¸¨¸¸Äí Cash inflows

9 £¢®¸÷¸ „š¸¸£ú („™¸.œÏ¢÷¸¨¸¢÷¸Ä÷¸ £½œ¸¸½) 8436.03 0.00 3540.67 0.00
Secured lending (e.g. reverse repos)
10 œ¸»µ¸Ä ¢›¸«œ¸¸™ˆÅ ¢¨¸Š¸¸½œ¸›¸¸Ê ¬¸½ ‚¿÷¸¨¸¸Äí 4248.96 3630.59 6238.80 5347.22
Inflows from fully performing exposures
11 ‚›¡¸ ›¸ˆÅ™ú ‚¿÷¸¨¸¸Äí Other cash inflows 1802.66 1629.64 300.22 150.11
12 ˆºÅ¥¸ ›¸ˆÅ™ú ‚¿÷¸¨¸¸Äí 5260.22 5497.33
TOTAL CASH INFLOWS
13 ˆºÅ¥¸ „\\¸ Š¸ºµ¸¨¸î¸¸ ˆÅú ÷¸£¥¸ ‚¸¦¬÷¸¡¸¸¿ 56612.98 35774.77
TOTAL HQLA
14 ˆºÅ¥¸ ¢›¸¨¸¥¸ ›¸ˆÅ™ú ‚¿÷¸¨¸¸Äí 18485.97 16629.42
TOTAL NET CASH OUTFLOWS
15 ÷¸£¥¸÷¸¸ ˆÅ¨¸£½]¸ ‚›¸ºœ¸¸÷¸ (%) 306.25% 215.13%
Liquidity coverage ratio (%)

100
Jeeef<e&keÀ efjHeesì& 2020-21

Š¸ºµ¸¸÷Ÿ¸ˆÅ
• ÷¸£¥¸÷¸¸ ˆÅ¨¸£½]¸ ‚›¸ºœ¸¸÷¸ (‡¥¸¬¸ú‚¸£) ˆÅ¸ ¥¸®¡¸ ¡¸í ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸¸ í¾ ¢ˆÅ ¤¸ÿˆÅ ˆ½Å
œ¸¸¬¸ ž¸¸££¢í÷¸ „\\¸ Š¸ºµ¸¨¸î¸¸ ˆÅú ÷¸£¥¸ ‚¸¦¬÷¸¡¸¸Ê (‡\¸Æ¡¸»‡¥¸‡) ˆÅ¸ œ¸¡¸¸Äœ÷¸ ¬’¸ˆÅ
í¾, ]¸¸½¢ˆÅ ÷¸£¥¸÷¸¸ ™¤¸¸¨¸ œ¸¢£´©¡¸ Ÿ¸Ê 30 ˆ¾Å¥¸½µ”£ ¢™›¸¸Ê ˆÅú ¬¸Ÿ¸¡¸ ¬¸úŸ¸¸ ˆ½Å ¢¥¸‡
‚œ¸›¸ú ÷¸£¥¸÷¸¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅú œ¸»¢÷¸Ä ˆ½Å ¢¥¸‡ ƒ¬¸½ ÷¸÷ˆÅ¸¥¸ ‚¸¾£ ¬¸£¥¸÷¸¸ ¬¸½ ›¸ˆÅ™ú
Ÿ¸Ê œ¸¢£¨¸¢÷¸Ä÷¸ ¢ˆÅ¡¸¸ ]¸¸ ¬¸ˆÅ÷¸¸ í¾—
‡¥¸¬¸ú‚¸£ ˆÅ¸ œ¸¢£ˆÅ¥¸›¸ 30 ˆ¾Å¥¸½µ”£ ¢™›¸¸Ê ˆÅú ™¤¸¸¨¸ŠÏ¬÷¸ ‚¨¸¢š¸ œ¸£ ‚›¸ºŸ¸¸¢›¸÷¸
¢›¸¨¸¥¸ ¤¸¢í¨¸¸Äí ׸£¸ ž¸¸££¢í÷¸ „\\¸ Š¸ºµ¸¨¸î¸¸ ˆÅú ÷¸£¥¸ ‚¸¦¬÷¸¡¸¸Ê (‡\¸Æ¡¸»‡¥¸‡) ˆÅú
£¸¢©¸ ˆÅ¸½ ¢¨¸ž¸Æ÷¸ ˆÅ£ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ¢›¸¨¸¥¸ ›¸ˆÅ™ú ¤¸¢í¨¸¸Äí ˆÅ¸ œ¸¢£ˆÅ¥¸›¸ ™½¡¸÷¸¸‚¸Ê
ˆÅú ¢¨¸¢ž¸››¸ ª½¢µ¸¡¸¸Ê (]¸Ÿ¸¸£¸¢©¸¡¸¸Ê, œÏ÷¡¸¸ž¸»÷¸ ¨¸ Š¸¾£ œÏ÷¡¸¸ž¸»÷¸ ˜¸¸½ˆÅ „š¸¸¢£¡¸¸¿) ˆ½Å
¬¸¸˜¸ íú 30 ¢™›¸¸Ê ˆ½Å ž¸ú÷¸£ œ¸¢£œ¸Æ¨¸ í¸½›¸½ ¨¸¸¥¸ú ‚¸¦¬÷¸¡¸¸Ê ¬¸½ í¸½›¸½ ¨¸¸¥¸½ ‚¿÷¸¨¸¸Äí ׸£¸
¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ ‚›¸¸í¢£÷¸ œÏ¢÷¸¤¸Ö÷¸¸‚¸Ê ‚¸¾£ ¨¡¸º÷œ¸››¸ ¬¸¿¤¸¿¢š¸÷¸ ¢¨¸Š¸¸½œ¸›¸¸Ê í½÷¸º ž¸¸£÷¸ú¡¸
¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢›¸¢™Ä«’ ¤¸¢í¨¸¸Äí ‹¸’ˆÅ¸Ê ˆÅ¸½ ¥¸¸Š¸» ˆÅ£ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ›¸½ œ¸¢£œ¸°¸ ÇÅ. ‚¸£¤¸ú‚¸ƒÄ/2019-20/217
”ú‚¸½‚¸£.¤¸úœ¸ú.¤¸ú¬¸ú.ÇÅ.65/21.04.098/2019-20 ¢™›¸¸¿ˆÅ 17.04.2020 ׸£¸
‡¥¸¬¸ú‚¸£ ˆÅú ›¡¸»›¸÷¸Ÿ¸ ‚¸¨¸©¡¸ˆÅ÷¸¸ Ÿ¸Ê ¬¸¿©¸¸½š¸›¸ ¢ˆÅ¡¸¸ í¾— ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ›¸½
‚¤¸ ¤¸ÿˆÅ¸Ê ˆÅ¸½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ‡¥¸¬¸ú‚¸£ £‰¸›¸½ ˆÅú ‚›¸ºŸ¸¢÷¸ ™ú í¾À
Qualitative
• The Liquidity Coverage Ratio (LCR) aims to ensure that a Bank
has an adequate stock of un-encumbered High-Quality Liquid
Assets (HQLA) that can be converted into cash easily and
immediately to meet its liquidity needs for a 30 calendar day
liquidity stress scenario.
The LCR is calculated by dividing the amount of High Quality
Liquid unencumbered Assets (HQLA) by the estimated net
outflows over a stressed 30 calendar day period. The net
cash outflows are calculated by applying RBI prescribed
outflow factors to the various categories of liabilities (deposits,
unsecured and secured wholesale borrowings), as well as to
undrawn commitments and derivative-related exposures, netted
by inflows from assets maturing within 30 days.
RBI vide circular RBI/2019-20/217 DOR.BP.BC.
No.65/21.04.098/2019-20 dated 17.04.2020 has amended the
minimum requirement of LCR.RBI has now permitted Banks to
maintain LCR as under:

Minimum LCR
›¡¸»›¸÷¸Ÿ¸ ‡¥¸¬¸ú‚¸£ Date
¢™›¸¸¿ˆÅ requirement
‚¸¨¸©¡¸ˆÅ÷¸¸
Till 30.09.2020 80.00%
30.09.2020 ÷¸ˆÅ 80.00%
From 01.10.2020 to 31.03.2021 90.00%
01.10.2020 ¬¸½ 31.03.2021 ÷¸ˆÅ 90.00%
01.04.2021 ¬¸½ 100.00% From 01.04.2021 100.00%

31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ™¾¢›¸ˆÅ ‚¸š¸¸£ œ¸£ ‚¸¾¬¸÷¸ ‡¥¸¬¸ú‚¸£ Average LCR on a daily basis for the year ended 31st March
2021 is 306.25%, above RBI prescribed minimum requirement
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢›¸¢™Ä«’ ›¡¸»›¸÷¸Ÿ¸ 90.00% ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê
of 90.00%.
306.25% £í¸—
7. Concentration of Deposits, Advances, Exposure and NPA
7. ]¸Ÿ¸¸, ‚¢ŠÏŸ¸¸Ê, ¢¨¸Š¸¸½œ¸›¸ ÷¸˜¸¸ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¬¸¿ˆ½Å›Íµ¸ 7.1 Concentration of Deposits
(`  in Crore)
7.1 ]¸Ÿ¸¸£¸¢©¸¡¸¸Ê ˆÅ¸ ¬¸¿ˆ½Å›Íµ¸
(`  ˆÅ£¸½”õ Ÿ¸Ê) Particulars 31.03.2021 31.03.2020

Total Deposits of Twenty largest

¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 12280.93 6426.30
Depositors
¤¸ú¬¸ ¬¸¤¸¬¸½ ¤¸”õ½ ]¸Ÿ¸¸ˆÅ÷¸¸Ä‚¸Ê ˆÅú ˆºÅ¥¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ 12280.93 6426.30 Percentage of Deposits of
¤¸ÿˆÅ ˆÅú ˆºÅ¥¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸Ê ¬¸½ ¤¸ú¬¸ ¬¸¤¸¬¸½ ¤¸”õ½ Twenty largest depositors to Total 7.05% 4.28%
7.05% 4.28% Deposits of the Bank
]¸Ÿ¸¸ˆÅ÷¸¸Ä‚¸Ê ˆÅú ˆºÅ¥¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸Ê ˆÅ¸ œÏ¢÷¸©¸÷¸
7.2 Concentration of Advances
7.2 ‚¢ŠÏŸ¸¸Ê ˆÅ¸ ¬¸¿ˆ½Å›Íµ¸ (`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

Particulars 31.03.2021 31.03.2020

¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
Total Advances of Twenty largest
¤¸ú¬¸ ¬¸¤¸¬¸½ ¤¸”õ½ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆ½Å ˆºÅ¥¸ ‚¢ŠÏŸ¸ 23503.69 13891.61 23503.69 13891.61
borrowers
¤¸ÿˆÅ ˆ½Å ˆºÅ¥¸ ‚¢ŠÏŸ¸¸Ê ¬¸½ ¤¸ú¬¸ ¬¸¤¸¬¸½ ¤¸”õ½
20.08% 14.64% Percentage of Advances of Twenty
„š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆ½Å ‚¢ŠÏŸ¸¸Ê ˆÅ¸ œÏ¢÷¸©¸÷¸ largest borrowers to Total Advances 20.08% 14.64%
of the Bank
7.3 ¢¨¸Š¸¸½œ¸›¸¸Ê ˆÅ¸ ¬¸¿ˆ½Å›Íµ¸ (`  ˆÅ£¸½”õ Ÿ¸Ê)
7.3 Concentration of Exposure
(`  in Crore)
¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
Particulars 31.03.2021 31.03.2020
20 ¬¸¤¸¬¸½ ¤¸”õ½ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê / ŠÏ¸íˆÅ¸Ê ˆÅ¸
23755.30 15767.12 Total Exposure to twenty largest 23755.30 15767.12
ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸
borrowers / customers
„š¸¸£ˆÅ÷¸¸Ä‚¸Ê / ŠÏ¸íˆÅ¸Ê Ÿ¸Ê ¤¸ÿˆÅ ˆ½Å ˆºÅ¥¸
Percentage of Exposures of Twenty 16.71% 12.65%
¢¨¸Š¸¸½œ¸›¸ ¬¸½ ˆºÅ¥¸ ‚¢ŠÏŸ¸¸Ê ¬¸½ 20 ¬¸¤¸¬¸½ ¤¸”õ½ largest borrowers / customers to
16.71% 12.65%
„š¸¸£ˆÅ÷¸¸Ä‚¸Ê/ ŠÏ¸íˆÅ¸Ê ˆ½Å ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ ˆÅ¸ Total Exposure of the Bank on
œÏ¢÷¸©¸÷¸ borrowers / customers

101
 Annual Report 2020-21

7.4 ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¬¸¿ˆ½Å›Íµ¸ (`  ˆÅ£¸½”õ Ÿ¸Ê) 7.4 Concentration of NPAs
(`  in Crore)
¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 Particulars 31.03.2021 31.03.2020

œ¸í¥¸½ \¸¸£ ‚›¸]¸ÄˆÅ ‰¸¸÷¸¸Ê Ÿ¸Ê ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ 675.01 2630.38 Total Exposure to top four NPA
675.01 2630.38
accounts

7.5 ¬¸ˆÅ¥¸ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¬¸¿\¸¥¸›¸ 7.5 Movement of Gross NPAs
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

¢¨¸¨¸£µ¸ 2020-21 2019-20 Particulars 2020-21 2019-20

¢™›¸¸¿ˆÅ 1 ‚œÏ¾¥¸ ˆÅ¸½ ¬¸ˆÅ¥¸ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸¿ Gross NPAs as on 1st April
12152.15 15324.49 12152.15 15324.49
(‚¸£¿¢ž¸ˆÅ ©¸½«¸)* (Opening Balance)*

¢ž¸››¸÷¸¸‚¸Ê ˆ½Å ¬¸¸˜¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ (›¸ƒÄ Additions (Fresh NPA) during the
2202.39 4040.60 2202.39 4040.60
‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê Ÿ¸Ê) ¨¸¼¢Ö year including variations
Sub-total (A) 14354.54 19365.09
„œ¸ ]¸¸½”õ (ˆÅ) 14354.54 19365.09
‹¸’¸‡¿ À Less:

(i) ˆÅ¸½¢’ „››¸¡¸›¸ 185.84 196.90 (i) Up gradations 185.84 196.90

(ii) ¨¸¬¸»¢¥¸¡¸¸¿ (ˆÅ¸½¢’ „››¸÷¸ ‰¸¸÷¸¸Ê Ÿ¸Ê íºƒÄ (ii) Recoveries (excluding
1457.88 1318.44 recoveries made from upgraded 1457.88 1318.44
¨¸¬¸»¢¥¸¡¸¸Ê ˆÅ¸½ Ž¸½”õˆÅ£)
accounts)
(iii) ÷¸ˆÅ›¸úˆÅú/¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¤¸’Ã’½ ‰¸¸÷¸½ 4651.30 5091.82
(iii) Technical / Prudential write-off 4651.30 5091.82
(iv) „œ¸¡¸ºÄÆ÷¸ (iii) ˆ½Å ‚¿÷¸Š¸Ä÷¸ ™©¸¸Ä‡ Š¸‡
279.83 605.78 (iv) Write-offs other than those
¤¸’Ã’½ ‰¸¸÷¸¸Ê ˆÅ¸½ Ž¸½”õˆÅ£ 279.83 605.78
under (iii) above
„œ¸ ]¸¸½”õ (‰¸) 6574.86 7212.94
Sub-Total (B) 6574.86 7212.94
31 Ÿ¸¸\¸Ä ˆÅ¸½ (¥¸½‰¸¸¤¸¿™ú ©¸½«¸) ¬¸ˆÅ¥¸
7779.68 12152.15 Gross NPAs as on 31st March
‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸¿ (ˆÅ-‰¸) 7779.68 12152.15
(Closing Balance) (A-B)
*¢™›¸¸¿ˆÅ 24 ¢¬¸÷¸¿¤¸£, 2009 ˆ½Å ”ú¤¸ú‚¸½”ú œ¸¢£œ¸°¸ ”ú¤¸ú‚¸½”ú.¤¸úœ¸ú.¤¸ú¬¸ú. * Gross NPA as per item 2 of Annex to DBOD Circular DBOD.BP.BC.
ÇÅ.46/21.04.048/2009-10 ˆ½Å ‚›¸º¥¸Š›¸ˆÅ ˆÅú Ÿ¸™ 2 ˆ½Å ‚›¸º¬¸¸£ ¬¸ˆÅ¥¸ ‡›¸œ¸ú‡ No.46/21.04.048/2009-10 dated September 24, 2009.

7.6 ÷¸ˆÅ›¸úˆÅú/¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¤¸’Ã’½ ‰¸¸÷¸¸Ê ˆÅ¸ ¬¸¿\¸¥¸›¸ 7.6 Movement of Technical / Prudential Write off
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

¢¨¸¨¸£µ¸ 2020-21 2019-20 Particulars 2020-21 2019-20

1 ‚œÏ¾¥¸ ˆÅ¸½ ÷¸ˆÅ›¸úˆÅú/ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¤¸’Ã’½ ‰¸¸÷¸¸Ê Opening balance of Technical / Prudential
13583.29 9188.13
13583.29 9188.13 written-off accounts as at 1st April
ˆÅ¸ ‚¸£¿¢ž¸ˆÅ ©¸½«¸
Add: Technical / Prudential write –offs during
]¸¸½”õÊ À ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ÷¸ˆÅ›¸úˆÅú/ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä the year + variation
4661.96 5094.77
4661.96 5094.77
¤¸’Ã’½ ‰¸¸÷¸½ + œ¸¢£¨¸÷¸Ä›¸
Sub-Total (A) 18245.25 14282.90
„œ¸ ]¸¸½”õ (ˆÅ) 18245.25 14282.90
Less: Recoveries made from previous
‹¸’¸‡¿ À ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸»¨¸Ä ÷¸ˆÅ›¸úˆÅú/ technical / prudential written-off accounts 1145.54 699.61
1145.54 699.61
¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¤¸’Ã’½ ‰¸¸÷¸¸Ê Ÿ¸Ê íºƒÄ ¨¸¬¸»¢¥¸¡¸¸¿ (‰¸) during the year (B)

31 Ÿ¸¸\¸Ä ˆÅ¸½ ¥¸½‰¸¸¤¸¿™ú ©¸½«¸ (ˆÅ-‰¸) 17099.71 13583.29 Closing balance as at 31st March (A-B) 17099.71 13583.29

102
Jeeef<e&keÀ efjHeesì& 2020-21

7.7 ®¸½°¸¨¸¸£ ‚¢ŠÏŸ¸ (`  ˆÅ£¸½”õ Ÿ¸Ê)

Sector-Wise Advances: (`  in Crore)

2020-21 2019-20

„¬¸ ®¸½°¸ Ÿ¸Ê

„¬¸ ®¸½°¸ Ÿ¸Ê
ˆºÅ¥¸ ‚¢ŠÏŸ¸¸Ê ¬¸½
ˆºÅ¥¸ ‚¢ŠÏŸ¸¸Ê ¬¸½
¬¸ˆÅ¥¸ ‚›¸]¸ÄˆÅ
¬¸ˆÅ¥¸ ‚›¸]¸ÄˆÅ
¤¸ˆÅ¸¡¸¸ ˆºÅ¥¸ ¤¸ˆÅ¸¡¸¸ ˆºÅ¥¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸
¬¸ˆÅ¥¸ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¬¸ˆÅ¥¸ ‚›¸]¸ÄˆÅ
ÇÅŸ¸¸¿ˆÅ ®¸½°¸ ‚¢ŠÏŸ¸ ‚¢ŠÏŸ¸ (%)
‚¸¦¬÷¸¡¸¸¿ (%) ‚¸¦¬÷¸¡¸¸¿
S.N. Sector Outstanding Outstanding Percentage
Gross Percentage Gross
Total Total of Gross
NPAs of Gross NPAs
Advances Advances NPAs
NPAs to Total
to Total
Advances in
Advances in
that sector
that sector
(%)
(%)

ˆÅ œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ ®¸½°¸
A Priority Sector

1 ˆ¼Å¢«¸ ‚¸¾£ ¬¸í¸¡¸ˆÅ Š¸¢÷¸¢¨¸¢š¸¡¸¸¿ 16201.97 3449.96 21.29 14384.66 3726.37 25.91
Agriculture and allied activities
œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ ®¸½°¸ „š¸¸¢£¡¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê œ¸¸°¸ ‚¸¾Ô¸¸½¢Š¸ˆÅ
2 ®¸½°¸ ˆÅ¸½ ‚¢ŠÏŸ¸ 6327.71 821.10 12.98 4694.45 788.40 16.79
Advances to industries sector eligible as
priority sector lending
3 ¬¸½¨¸¸‡¿ Services 16882.44 1603.08 9.50 12527.51 1532.00 12.23

4 ¨¸¾¡¸¢Æ÷¸ˆÅ †µ¸ Personal loans 9696.70 335.31 3.46 7293.28 462.09 6.33

„œ¸-]¸¸½”õ (ˆÅ) Sub-total (A) 49108.82 6209.45 12.64 38899.90 6508.85 16.73

‰¸ Š¸¾£ œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ ®¸½°¸

B Non-Priority Sector

1 ˆ¼Å¢«¸ ‚¸¾£ ¬¸í¸¡¸ˆÅ Š¸¢÷¸¢¨¸¢š¸¡¸¸¿ 61.70 0.00 0.00 349.25 0.00 0.00
Agriculture and allied activities
2 „Ô¸¸½Š¸ Industry 18617.68 413.45 2.22 14660.08 3005.29 20.50

3 ¬¸½¨¸¸‡¿ Services 20293.01 715.43 3.53 21954.97 2133.86 9.72

4 ¨¸¾¡¸¢Æ÷¸ˆÅ †µ¸ Personal loans 19572.55 441.35 2.25 19024.78 504.14 2.65

„œ¸-]¸¸½”õ (‰¸) Sub-total (B) 58544.94 1570.23 2.68 55989.08 5643.30 10.08

ˆºÅ¥¸ (ˆÅ+‰¸) Total (A+B) 107653.76 7779.68 7.23 94888.98 12152.15 12.81

7.8 ¢¨¸™½©¸¸Ê Ÿ¸Ê ‚¸¦¬÷¸¡¸¸¿, ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸¿ ¨¸ £¸]¸¬¨¸ 7.8 Overseas Assets, NPAs and Revenue
(`  in Crore)
(`  ˆÅ£¸½”õ Ÿ¸Ê)
Particulars 31.03.2021 31.03.2020
¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 Total Assets 99.19* 38.74
ˆºÅ¥¸ ‚¸¦¬÷¸¡¸¸¿ 99.19* 38.74 Total NPAs 0.0 Nil
ˆºÅ¥¸ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸¿ 0.0 ©¸»›¡¸ Total Revenue 0.20 0.55
ˆºÅ¥¸ £¸]¸¬¨¸ 0.20 0.55 Outstanding Balance in NOSTRO Accounts as on 31.03.2021
*31.03.2021 ˆÅ¸½ ›¸¸½¬’︽ ‰¸¸÷¸½ ¤¸ˆÅ¸¡¸¸ ©¸½«¸
7.9 Off-balance sheet SPVs sponsored
7.9 ÷¸º¥¸›¸œ¸°¸ ˆ½Å ¤¸¸í£ œÏ¸¡¸¸½¢]¸÷¸ ‡¬¸œ¸ú¨¸ú
Name of the SPV sponsored
œÏ¸¡¸¸½¢]¸÷¸ ‡¬¸œ¸ú¨¸ú ˆÅ¸ ›¸¸Ÿ¸
Domestic Overseas
‹¸£½¥¸» ¢¨¸™½©¸ú
©¸»›¡¸ ©¸»›¡¸ Nil Nil

103
 Annual Report 2020-21

8. ¢¨¸Š¸¸½œ¸›¸À 8. Exposures:

8.1 ¬˜¸¸¨¸£ ¬¸¿œ¸™¸ (£ú¡¸¥¸ ‡¬’½’) ®¸½°¸ Ÿ¸Ê ¢¨¸Š¸¸½œ¸›¸ 8.1 Exposure to Real Estate Sector
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

SN Category 31.03.2021 31.03.2020

ÇÅŸ¸¸¿ˆÅ ª½µ¸ú 31.03.2021 31.03.2020
a) Direct exposure 19697.70 15918.65
ˆÅ) œÏ÷¡¸®¸ ¢¨¸Š¸¸½œ¸›¸ 19697.70 15918.65
i) Residential Mortgages – 18080.37 13904.19
i) ‚¸¨¸¸¬¸ú¡¸ ¤¸¿š¸ˆÅ - 18080.37 13904.19 Lending fully secured by mortgage on * 9440.64 * 6573.58
„š¸¸£ˆÅ÷¸¸Ä ׸£¸ ‚¢š¸ŠÏ¢í÷¸ ¡¸¸ ‚¢š¸ŠÏíµ¸ ˆÅú ]¸¸›¸½ * 9440.64 * 6573.58 residential property that is or will be
¨¸¸¥¸ú ¡¸¸ ¢ˆÅ£¸¡¸½ ¬¸½ ™ú ¬¸¿œ¸¢î¸ œ¸£ ¢™¡¸½ Š¸¡¸½ †µ¸ occupied by the borrower or that is
¤¸¿š¸ˆÅ ׸£¸ œ¸»µ¸Ä÷¸À £¢®¸÷¸ íÿ; rented;
*(œÏ¸˜¸¢Ÿ¸ˆÅ÷¸¸ ®¸½°¸ ‚¢ŠÏŸ¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ¢ˆÅ‡ ]¸¸›¸½ *(Individual housing loans eligible for
ˆ½Å ¢¥¸‡ œ¸¸°¸ ¨¡¸¢Æ÷¸Š¸÷¸ ‚¸¨¸¸¬¸ †µ¸¸Ê ˆÅ¸½ ‚¥¸Š¸ inclusion in priority sector advances may
¬¸½ ™©¸¸Ä¡¸¸ ]¸¸‡) be shown separately)

ii) Commercial Real Estate –

ii) ¨¸¸¢µ¸¦]¡¸ˆÅ ¬˜¸¸¨¸£ ¬¸¿œ¸™¸À
Lending secured by mortgages on
¨¸¸¢µ¸¦]¡¸ˆÅ ¬˜¸¸¨¸£ ¬¸¿œ¸™¸ œ¸£ ¤¸¿š¸ˆÅ ׸£¸ £¢®¸÷¸ 1 617.34 1770.49 commercial real estates (office
†µ¸ (ˆÅ¸¡¸¸Ä¥¸¡¸ ž¸¨¸›¸, ¢£’½¥¸ ¬˜¸¸›¸, ¤¸íºœÏ¡¸¸½]¡¸
buildings, retail space, multi-purpose
¨¸¸¢µ¸¦]¡¸ˆÅ œ¸¢£¬¸£, ¤¸íº-œ¸¢£¨¸¸£ ‚¸¨¸¸¬¸ú¡¸ ž¸¨¸›¸,
commercial premises, multi-family
‚¢š¸ˆÅ ¢ˆÅ£¸¡¸½™¸£¸Ê ¨¸¸¥¸½ ¨¸¸¢µ¸¦]¡¸ˆÅ œ¸¢£¬¸£, 1 617.34 1770.49
‚¸¾Ô¸¸½¢Š¸ˆÅ ¡¸¸ Š¸¸½™¸Ÿ¸ ¬˜¸¸›¸, í¸½’¥¸, ž¸»‚¢š¸ŠÏíµ¸, residential buildings, multi-tenanted
commercial premises, industrial or
¢¨¸ˆÅ¸¬¸ ‚¸¾£ ¢›¸Ÿ¸¸Äµ¸ ‚¸¢™) ¢›¸¨¸½©¸ Ÿ¸Ê Š¸¾£¢›¸¢š¸
‚¸š¸¸¢£÷¸ (‡›¸‡ûŤ¸ú) ¬¸úŸ¸¸‡¿ ž¸ú ©¸¸¢Ÿ¸¥¸ íÿ warehouse space, hotels, land
acquisition, development and
construction, etc.) Expo sure also
iii) ¤¸¿š¸ˆÅ ׸£¸ œÏ¢÷¸£¢®¸÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê (‡Ÿ¸¤¸ú‡¬¸)
includes non-fund based (NFB) limits.
÷¸˜¸¸ ‚›¡¸ £¢®¸÷¸ ¢¨¸Š¸¸½œ¸›¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸-
ˆÅ) ‚¸¨¸¸¬¸ú¡¸ ©¸»›¡¸ ©¸»›¡¸ iii) Investments in Mortgage Backed
‰¸) ¨¸¸¢µ¸¦]¡¸ˆÅ ¬˜¸¸¨¸£ ¬¸¿œ¸™¸ ©¸»›¡¸ ©¸»›¡¸ Securities (MBS) and other securitised
exposures –
‰¸) ‚œÏ÷¡¸®¸ ¢›¸¨¸½©¸ a. Residential, Nil Nil

£¸«’ïú¡¸ ‚¸¨¸¸¬¸ ¤¸ÿˆÅ (‡›¸‡\¸¤¸ú) ‚¸¾£ ‚¸¨¸¸¬¸ú¡¸ b. Commercial Real Estate. Nil Nil
2766.94 5043.02
¢¨¸î¸ ˆ¿Åœ¸¢›¸¡¸¸Ê (‡\¸‡ûŬ¸ú) Ÿ¸Ê ¢›¸¢š¸ ‚¸š¸¸¢£÷¸ Indirect Exposure
‚¸¾£ Š¸¾£ ¢›¸¢š¸ ‚¸š¸¸¢£÷¸ ¢›¸¨¸½©¸
Fund based and non-fund based
b) exposures on National Housing Bank 2766.94 5043.02
¢£¡¸¥¸ ƒ¬’½’ ®¸½°¸ í½÷¸º ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ 22464.64 20961.67 (NHB) and Housing Finance Companies
(HFCs).
8.2 œ¸»¿]¸ú ¤¸¸]¸¸£ ˆÅ¸ ¢¨¸Š¸¸½œ¸›¸ Total Exposure to Real Estate Sector 22464.64 20961.67
(`  ˆÅ£¸½”õ Ÿ¸Ê)
8.2 Exposure to Capital Market
(`  in Crore)
ÇÅŸ¸¸¿ˆÅ ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
SN Particulars 31.03.2021 31.03.2020
i) ƒÄ¦Æ¨¸’ú ©¸½¡¸£,œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¤¸¸Áµ”, œ¸¢£¨¸÷¸Ä›¸ú¡¸
¢”¤¸Ê\¸£¸Ê , ƒÄ¦Æ¨¸’ú „›Ÿ¸º‰¸ Ÿ¡¸»\¡¸»‚¥¸ û¿Å”¸Ê ˆÅú i Direct investment in equity shares,
convertible bonds, convertible
¡¸»¢›¸’¸Ê Ÿ¸Ê ¢]¸¬¸ˆÅú Ÿ¸»¥¸¢›¸¢š¸ ˆÅ¸ ¢›¸¨¸½©¸ ˆ½Å¨¸¥¸ 68.51 73.60
debentures and units of equity-oriented 68.51 73.60
¬¸¿¬˜¸¸Š¸÷¸ †µ¸¸Ê Ÿ¸Ê ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, Ÿ¸Ê œÏ÷¡¸®¸ mutual funds the corpus of which is not
¢›¸¨¸½©¸ exclusively invested in corporate debt
ii) ¨¡¸¢Æ÷¸¡¸¸Ê ˆÅ¸½ ƒÄ¦Æ¨¸’ú ©¸½¡¸£¸Ê (‚¸ƒÄœ¸ú‚¸½/ ii Advances against shares/bonds/
ƒÄ‡¬¸‚¸½œ¸ú‡¬¸ ¬¸¢í÷¸), œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¤¸¸Áµ”¸Ê, debentures or other securities or
on clean basis to individuals for
œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¢”¤¸Ê\¸£¸Ê, ƒÄ¦Æ¨¸’ú „›Ÿ¸º‰¸ Ÿ¡¸»\¡¸»‚¥¸ investment in shares (including IPOs/ 0.00 Nil
0.00 ©¸»›¡¸
û¿Å”¸Ê Ÿ¸Ê ¢›¸¨¸½©¸ ˆÅ£›¸½ í½÷¸º ©¸½¡¸£¸Ê/¤¸¸Áµ”¸Ê/¢”¤¸Ê\¸£¸Ê ESOPs), convertible bonds, convertible
¡¸¸ ¢ˆÅ¬¸ú ‚›¡¸ œÏ¢÷¸ž¸»¢÷¸ œ¸£ ¡¸¸ Š¸¾£ ]¸Ÿ¸¸›¸÷¸ú debentures, and units of equity-oriented
‚¸š¸¸£ œ¸£ ‚¢ŠÏŸ¸ mutual funds
iii Advances for any other purposes
iii) ‚›¡¸ ¢ˆÅ¬¸ú œÏ¡¸¸½]¸›¸ í½÷¸º ‚¢ŠÏŸ¸, ]¸í¸Â ©¸½¡¸£¸Ê ¡¸¸
where shares or convertible bonds or
œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¤¸¸Áµ”¸Ê ¡¸¸ œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¢”¤¸Ê\¸£¸Ê ¡¸¸ convertible debentures or units of equity 0.10 0.22
0.10 0.22
ƒÄ¦Æ¨¸’ú „›Ÿ¸º‰¸ Ÿ¡¸»\¡¸»‚¥¸ û¿Å”¸Ê ˆÅú ¡¸»¢›¸’¸Ê ˆÅ¸½ oriented mutual funds are taken as
œÏ¸˜¸¢Ÿ¸ˆÅ œÏ¢÷¸ž¸»¢÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢¥¸¡¸¸ Š¸¡¸¸ í¾ primary security

104
Jeeef<e&keÀ efjHeesì& 2020-21

ÇÅŸ¸¸¿ˆÅ ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 SN Particulars 31.03.2021 31.03.2020

iv Advances for any other purposes to

iv) ‚›¡¸ ¢ˆÅ¬¸ú œÏ¡¸¸½]¸›¸ í½÷¸º ‚¢ŠÏŸ¸, ]¸í¸Â ©¸½¡¸£¸Ê the extent secured by the collateral
¡¸¸ œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¤¸¸Áµ”¸Ê ¡¸¸ ¢”¤¸Ê\¸£¸Ê ¡¸¸ security or shares or convertible bonds
ƒÄ¦Æ¨¸’ú „›Ÿ¸º‰¸ Ÿ¡¸»\¸º‚¥¸ û¿Å”¸Ê ˆÅú ¡¸»¢›¸’¸Ê or convertible debentures or units
ˆÅ¸½ ¬¸¿œ¸¸æ¸¢¨¸ÄˆÅ œÏ¢÷¸ž¸»¢÷¸ Ÿ¸¸›¸¸ Š¸¡¸¸ í¾ ‚˜¸¸Ä÷¸ of equity oriented mutual funds ie
0.00 0.00
0.00 0.00 where the primary security other than
]¸í¸¿ ©¸½¡¸£¸Ê/ œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¤¸¸Áµ”¸Ê/ œ¸¢£¨¸÷¸Ä›¸ú¡¸ shares/convertible bonds/convertible
¢”¤¸Ê\¸£¸Ê/ ƒÄ¦Æ¨¸’ú „›Ÿ¸º‰¸ û¿Å” ¡¸»¢›¸’¸Ê ¬¸½ ƒ÷¸£ debentures/units of equity oriented
œÏ¸˜¸¢Ÿ¸ˆÅ œÏ¢÷¸ž¸»¢÷¸ ‚¢ŠÏŸ¸¸Ê ˆÅ¸½ œ¸»µ¸Ä÷¸À ˆÅ¨¸£ mutual funds does not fully cover the
›¸íú¿ ˆÅ£÷¸ú— advances

v Secured and unsecured advances to

v) ¬’¸ÁˆÅ ¤Ï¸½ˆÅ£¸Ê ˆÅ¸½ ]¸Ÿ¸¸›¸÷¸ú ‚¸¾£ Š¸¾£ ]¸Ÿ¸¸›¸÷¸ú stockbrokers and guarantees issued
‚¢ŠÏŸ¸ ÷¸˜¸¸ ¬’¸ÁˆÅ ¤Ï¸½ˆÅ£¸Ê ‡¨¸¿ Ÿ¸¸ˆ½ÄÅ’ Ÿ¸½ˆÅ£¸Ê ˆÅú 4.23 29.21 4.23 29.21
on behalf of stockbrokers and market
‚¸½£ ¬¸½ ]¸¸£ú Š¸¸£¿¢’¡¸¸¿ makers

vi) ¬¸¿¬¸¸š¸›¸ ]¸º’¸›¸½ ˆÅú œÏ÷¡¸¸©¸¸ Ÿ¸Ê ›¸ƒÄ ˆ¿Åœ¸¢›¸¡¸¸Ê ˆÅú vi Loans sanctioned to corporate
against the security of shares/ bonds /
ƒÄ¦Æ¨¸’ú Ÿ¸Ê œÏ¨¸÷¸ÄˆÅ ˆ½Å ‚¿©¸™¸›¸ ˆÅú £ˆÅŸ¸ ]¸º’¸›¸½ debentures or other securities or on
í½÷¸º ©¸½¡¸£¸Ê/¤¸¸Áµ”¸Ê/¢”¤¸Ê\¸£¸Ê ¡¸¸ ‚›¡¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê 0.00 ©¸»›¡¸ clean basis for meeting promoter’s 0.00 Nil
œ¸£ ¡¸¸ Š¸¾£ ]¸Ÿ¸¸›¸÷¸ú ‚¸š¸¸£ œ¸£ ˆÅ¸Áœ¸¸½Ä£½’ ˆÅ¸½ contribution to the equity of new
Ÿ¸¿]¸»£ †µ¸ companies in anticipation of raising
resources

vii) ‚œ¸½¢®¸÷¸ ƒÄ¦Æ¨¸’ú œÏ¨¸¸í/¢›¸Š¸ÄŸ¸¸Ê œ¸£ ˆ¿Åœ¸¢›¸¡¸¸Ê ˆÅ¸½

0.00 ©¸»›¡¸ vii Bridge loans to companies against
œ¸»£ˆÅ †µ¸ 0.00 Nil
expected equity flows/issues

viii) ©¸½¡¸£¸Ê ˆ½Å œÏ¸£¿¢ž¸ˆÅ ¢›¸Š¸ÄŸ¸ ¡¸¸ œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¤¸¸Áµ”¸Ê viii Underwriting commitments taken up
¡¸¸ œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¢”¤¸Ê\¸£¸Ê ¡¸¸ ƒÄ¦Æ¨¸’ú „›Ÿ¸º‰¸ by the banks in respect of primary
0.00 ©¸»›¡¸ issue of shares or convertible bonds or 0.00 Nil
Ÿ¡¸»\¡¸»‚¥¸ û¿Å” ˆÅú ¡¸»¢›¸’¸Ê ˆ½Å ¬¸Ÿ¤¸¿š¸ Ÿ¸Ê ¤¸ÿˆÅ ׸£¸
convertible debentures or units of equity
¥¸ú Š¸ƒÄ í¸Ÿ¸ú™¸£ú œÏ¢÷¸¤¸š™÷¸¸‡¿ oriented mutual funds

ix) Ÿ¸¸¢]¸Ä›¸ ¨¡¸¸œ¸¸£ í½÷¸º ¬’¸ÁˆÅ ¤Ï¸½ˆÅ£¸Ê ˆÅ¸½ ¢¨¸î¸œ¸¸½«¸µ¸ 0.00 ©¸»›¡¸ ix Financing to stockbrokers for margin
0.00 Nil
trading;
x) „Ô¸Ÿ¸ú œ¸»¿]¸ú ¢›¸¢š¸¡¸¸Ê (œ¸¿]¸úˆ¼Å÷¸ ¨¸ ‚œ¸¿]¸úˆ¼Å÷¸
118.39 118.84 x All exposures to Venture Capital Funds
™¸½›¸¸Ê) Ÿ¸Ê ¬¸ž¸ú ¢¨¸Š¸¸½œ¸›¸ 118.39 118.84
(both registered and unregistered)

œ¸»¿]¸ú ¤¸¸]¸¸£ Ÿ¸Ê ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ 191.23 221.87 Total Exposure to Capital Market 191.23 221.87

†µ¸ ˆ½Å £µ¸›¸ú¢÷¸ œ¸º›¸Š¸Ä“›¸, ]¸¸½ œ¸»¿]¸ú ¤¸¸]¸¸£ ¢¨¸Š¸¸½œ¸›¸ ¬¸úŸ¸¸‚¸Ê ¬¸½ Ž»’ œÏ¸œ÷¸ í¾, ˆ½Å ž¸¸Š¸ ˆ½Å The details of Bank’s direct investment in equity shares, on conversion
³Åœ¸ Ÿ¸Ê ƒ¦Æ¨¸’ú Ÿ¸Ê †µ¸ ˆ½Å œ¸¢£¨¸÷¸Ä›¸ œ¸£ ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê Ÿ¸Ê ¤¸ÿˆÅ ˆ½Å œÏ÷¡¸®¸ ¢›¸¨¸½©¸ ˆ½Å ¤¡¸¸¾£½ of debt into equity as a part of strategic restructuring of debt which are
¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ À exempt from Capital Market Exposure limits, is as under:
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

31.03.2021 31.03.2020
31.03.2021 31.03.2020 Particulars No. of No. of
Amount Amount
¢¨¸¨¸£µ¸ ‰¸¸÷¸¸Ê ˆÅú ‰¸¸÷¸¸Ê ˆÅú accounts accounts
£¸¢©¸ £¸¢©¸ Investment in equity shares
¬¸¿‰¡¸¸ ¬¸¿‰¡¸¸
received / allotted on account
†µ¸ ˆ½Å £µ¸›¸ú¢÷¸ œ¸º›¸Š¸Ä“›¸, ]¸¸½ œ¸»¿]¸ú of conversion of debt into equity
¤¸¸]¸¸£ ¢¨¸Š¸¸½œ¸›¸ ¬¸úŸ¸¸‚¸Ê ¬¸½ Ž»’ œÏ¸œ÷¸ as part of a strategic debt 24 404.28 22 346.47
í¾, ˆ½Å ž¸¸Š¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ƒ¦Æ¨¸’ú Ÿ¸Ê †µ¸ 24 404.28 22 346.47 restructuring which are exempt
from Capital Market Exposure
ˆ½Å œ¸¢£¨¸÷¸Ä›¸ ˆ½Å ˆÅ¸£µ¸ œÏ¸œ÷¸/‚¸¤¸¿¢’÷¸ limits
ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê Ÿ¸Ê ¢›¸¨¸½©¸
8.3 Details of Single Borrower Limit (SBL), Group Borrower Limit
8.3 31.03.2021 ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ׸£¸ œ¸¸£ ˆÅú Š¸ƒÄ ‡ˆÅ¥¸ „š¸¸£ˆÅ÷¸¸Ä (GBL) exceeded by the Bank for the year ended 31.03.2021
¬¸úŸ¸¸ (‡¬¸¤¸ú‡¥¸), ¬¸Ÿ¸»í „š¸¸£ˆÅ÷¸¸Ä ¬¸úŸ¸¸ (]¸ú¤¸ú‡¥¸) ˆÅ¸ ¢¨¸¨¸£µ¸
NIL (NIL)
©¸»›¡¸ (©¸»›¡¸)

105
 Annual Report 2020-21

8.4 ‚¿÷¸£-¬¸Ÿ¸»í ¢¨¸Š¸¸½œ¸›¸: 8.4 Intra-Group Exposures:

The details of the intra-group exposures of the bank are as under;
¤¸ÿˆÅ ˆ½Å ‚¿÷¸£-¬¸Ÿ¸»í ¢¨¸Š¸¸½œ¸›¸ ˆÅ¸ ¤¡¸¸¾£¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾ -
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

S.N. Particulars 2020-21 2019-20

ÇÅŸ¸¸¿ˆÅ ¢¨¸¨¸£µ¸ 2020-21 2019-20
Total amount of intra-group
1 750.00 623.95
1 ‚¿÷¸£-¬¸Ÿ¸»í ¢¨¸Š¸¸½œ¸›¸ ˆÅú ˆºÅ¥¸ £¸¢©¸ 750.00 623.95 exposures
Total amount of top-20 intra-group
2 20 ©¸ú«¸Ä ‚¿÷¸£-¬¸Ÿ¸»í ¢¨¸Š¸¸½œ¸›¸¸Ê ˆÅú ˆºÅ¥¸ £¸¢©¸ 750.00 623.95 2 750.00 623.95
exposures
3 „š¸¸£ˆÅ÷¸¸Ä‚¸Ê/ŠÏ¸íˆÅ¸Ê œ¸£ ¤¸ÿˆÅ ˆ½Å ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ Percentage of intra-group
0.58% 0.66% 3 exposures to total exposure of the 0.58% 0.66%
ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê ‚¿÷¸£-¬¸Ÿ¸»í ˆÅ¸ œÏ¢÷¸©¸÷¸
bank on borrowers / customers
4 ‚¿÷¸£-¬¸Ÿ¸»í ¢¨¸Š¸¸½œ¸›¸ ˆÅú ¬¸úŸ¸¸‚¸Ê ˆ½Å „¥¥¸¿‹¸›¸ Details of breach of limits on intra-
ˆÅ¸ ¤¡¸¸¾£¸ ÷¸˜¸¸ ƒ¬¸ ¬¸¿¤¸¿š¸ Ÿ¸Ê ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ˆÅ¸£Ä¨¸¸ƒÄ ©¸»›¡¸ ©¸»›¡¸ 4 group exposures and regulatory Nil Nil
¡¸¢™ ˆÅ¸½ƒÄ í¸½ action thereon, if any

8.5 ‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸: 8.5 Unhedged Foreign Currency Exposure:
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  In Crore)

SN Particulars 31.03.2021 31.03.2020

‚.ÇÅ. ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 1 Provisioning held on account of 6.87 6.47
1 ¡¸»‡ûŬ¸úƒÄ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸ 6.87 6.47 UFCE
2 Capital held on account of UFCE 1.72 3.47
2 ¡¸»‡ûŬ¸úƒÄ œ¸£ š¸¸¢£÷¸ œ¸»¿]¸ú 1.72 3.47

¤¸ÿˆÅ ›¸½ ‚œ¸›¸½ ‹¸’ˆÅ¸Ê ˆÅ¸½ ¢™‡ Š¸‡ ¢¨¸Š¸¸½œ¸›¸¸Ê ¬¸½ œ¸¾™¸ í¸½›¸½ ¨¸¸¥¸½ ˆÅ£Ê¬¸ú œÏ¨¸¼î¸ †µ¸ ]¸¸½¢‰¸Ÿ¸ ˆ½Å œÏ¤¸¿š¸›¸
ˆ½Å ¢¥¸‡ ›¸ú¢÷¸ ¥¸¸Š¸» ˆÅú í¾ ¢]¸¬¸Ÿ¸Ê ‚›¡¸ ¤¸¸÷¸¸Ê ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ ›¸ú\¸½ ¢ˆÅ‡ Š¸‡ „¥¥¸½‰¸ ˆ½Å ‚›¸º¬¸¸£
‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸¸Ê (¡¸»‡ûŬ¸úƒÄ) ˆÅ¸½ ¢›¸¢ä¸÷¸ ˆÅ£›¸½ ˆÅ¸ ‚¸¾£ ¢¨¸Š¸¸½œ¸›¸¸Ê ˆ½Å Ÿ¸»¥¡¸›¸ ‚¸¾£
„¬¸ú œÏˆÅ¸£ ¨¸¼¢Ö©¸ú¥¸ œÏ¸¨¸š¸¸›¸úˆÅ£µ¸ ˆ½Å ׸£¸ „¬¸ˆÅ¸ ©¸Ÿ¸›¸ ˆÅ£›¸½ ˆÅ¸ „¥¥¸½‰¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
ˆÅ) ‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸ (¡¸»‡ûŬ¸úƒÄ) ˆÅú £¸¢©¸ ˆÅú Š¸µ¸›¸¸ ˆÅ£›¸½
¬¸¿¤¸¿š¸ú œ¸Ö¢÷¸À
‹¸’ˆÅ¸Ê ˆÅú ‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸ £¸¢©¸ ˆÅú Š¸µ¸›¸¸ ˆÅ£›¸½ í½÷¸º ²Å.10 ˆÅ£¸½”õ
‡¨¸¿ ‚¢š¸ˆÅ ˆ½Å ¢¨¸Š¸¸½œ¸›¸ ¨¸¸¥¸½ ŠÏ¸íˆÅ¸Ê ¬¸½ ‚¸¨¸¢š¸ˆÅ ‚¸š¸¸£ œ¸£ ]¸¸›¸ˆÅ¸£ú Ÿ¸¿Š¸¸ƒÄ ]¸¸÷¸ú
í¾— ƒ¬¸ „Ó½©¡¸ ˆ½Å ¢¥¸‡ ‚Š¸¥¸½ œ¸¸¿\¸ ¨¸«¸¸½ô Ÿ¸Ê œ¸¢£œ¸Æ¨¸ í¸½›¸½¨¸¸¥¸ú Ÿ¸™Ê ‚˜¸¨¸¸ ›¸ˆÅ™ú œÏ¨¸¸í
£‰¸›¸½ ¨¸¸¥¸ú Ÿ¸™¸Ê œ¸£ íú ¢¨¸\¸¸£ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ƒ¬¸ˆ½Å ‚¥¸¸¨¸¸ œÏž¸¸¨¸ú ³Åœ¸ ¬¸½ ¬¸¿£¢®¸÷¸,
¢¨¸î¸ú¡¸ ³Åœ¸ ¬¸½ ¬¸¿£¢®¸÷¸ ‚¸¾£/ ¡¸¸ œÏ¸ˆ¼Å¢÷¸ˆÅ ³Åœ¸ ¬¸½ ¬¸¿£¢®¸÷¸ Ÿ¸™¸Ê ˆÅ¸½ œ¸£¬œ¸£ ¬¸½’ ‚¸ÁûÅ
¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— (¢¨¸î¸ú¡¸ ¬¸¿¢¨¸™¸ (‚˜¸¸Ä÷¸ ¨¸¸¡¸™¸ ¬¸¿£®¸¸) ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¢¨¸î¸ú¡¸ £¢®¸÷¸
‚¸¾£ œÏ¸ˆ¼Å¢÷¸ˆÅ ³Åœ¸ ¬¸½ £¢®¸÷¸ ¬¸¿¢¨¸™¸ œ¸£ ž¸ú ¢¨¸\¸¸£ ¢ˆÅ¡¸¸ ]¸¸ ¬¸ˆÅ÷¸¸ í¾, ]¸¤¸ ˆ¿Åœ¸›¸ú
œ¸¢£\¸¸¥¸›¸¸Ê ¬¸½ „÷œ¸››¸ ›¸ˆÅ™ú œÏ¨¸¸í Ÿ¸Ê ¬¸½ ¢¨¸™½©¸ú ˆÅ£Ê¬¸ú ¢¨¸Š¸¸½œ¸›¸ ˆÅú ]¸¸½¢‰¸Ÿ¸ ‚¸ÁûÅ ¬¸½’
í¸½ Š¸ƒÄ í¸½— ‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸ (¡¸»‡ûŬ¸úƒÄ) ˆÅ¸ œ¸¢£ˆÅ¥¸›¸ ˆÅ£›¸½ ˆ½Å „Ó½©¡¸
¬¸½ ‡ˆÅ ¢¨¸Š¸¸½œ¸›¸ ˆÅ¸½ œÏ¸ˆ¼Å¢÷¸ˆÅ ³Åœ¸ ¬¸½ £¢®¸÷¸ Ÿ¸¸›¸¸ ]¸¸÷¸¸ í¾ ¡¸¢™ „¬¸ú ¥¸½‰¸¸¿ˆÅ›¸ ¨¸«¸Ä Ÿ¸Ê
‚¸ÁûÅ ¬¸½¢’¿Š¸ ¢¨¸Š¸¸½œ¸›¸ œ¸¢£œ¸Æ¨¸ í¸½ £í¸ í¸½/ ¡¸¸ „¬¸ˆ½Å ¤¸£¸¤¸£ ›¸ˆÅ™ú œÏ¨¸¸í í¸½ £í¸ í¸½—)
‰¸) ¬¸¿ž¸¸¢¨¸÷¸ í¸¢›¸ ˆÅú Ÿ¸¸°¸¸ ˆ½Å ‚›¸ºŸ¸¸›¸ ˆÅú œ¸Ö¢÷¸À
Bank has put in place a policy for management of currency induced
credit risk arising out of exposure to its constituents which inter-alia
specifies the mechanism to ascertain Unhedged Foreign Currency
Exposure (UFCE) and mitigate the same by pricing the exposure as
well as incremental provisioning as under –
a. Method to ascertain the amount of Unhedged Foreign
Currency Exposure (UFCE):
The amount of UFCE of the constituents is measured by
obtaining the periodical information from the clients having
exposure of ` 10.00 crore and above. For this purpose, items
maturing or having cash flows over the period of next five years
only are considered. Further, items which are effective hedges,
financial hedge and / or natural hedge, of each other are set off.
(Financial hedge through a derivative contract (e.g. Forward
Cover) and Natural hedge may be considered when cash flows
arising out of the operations of the company offset the risk
arising out of the Foreign Currency Exposure. For the purpose
of computing UFCE, an exposure may be considered naturally
hedged if the offsetting exposure has the maturity/cash flow
within the same accounting year).

¢¨¸¢›¸Ÿ¸¡¸ ™£¸Ê Ÿ¸Ê ¤¸™¥¸¸¨¸ ˆ½Å ˆÅ¸£µ¸ ƒˆÅ¸ƒÄ ˆÅ¸½ í¸½›¸½¨¸¸¥¸ú í¸¢›¸ ˆÅú Š¸µ¸›¸¸ ¨¸¸¢«¸ÄˆÅ „÷¸¸£-
\¸[õ¸¨¸ œ¸Ö¢÷¸ ׸£¸ ˆÅú ]¸¸÷¸ú í¾— ƒ¬¸ œÏ¡¸¸½]¸›¸ ˆ½Å ¢¥¸‡ ¢œ¸Ž¥¸½ ™¬¸ ¨¸«¸¸½ô ˆÅú ‚¨¸¢š¸ ˆ½Å
™¸¾£¸›¸ ™½‰¸½ Š¸‡ ¬¸¤¸¬¸½ ¤¸”õ½ ¨¸¸¢«¸ÄˆÅ „÷¸¸£-\¸[õ¸¨¸ ˆÅ¸½ ¢¨¸œ¸£ú÷¸ ¢™©¸¸ Ÿ¸Ê ™£¸Ê ˆ½Å ¤¸™¥¸¸¨¸
ˆÅ¸ ‚¸š¸¸£ Ÿ¸¸›¸¸ ]¸¸÷¸¸ í¾—
Š¸) ‚£¢®¸÷¸ ¦¬˜¸¢÷¸¡¸¸Ê ˆ½Å ]¸¸½¢‰¸Ÿ¸ ˆÅ¸ ‚›¸ºŸ¸¸›¸ ¥¸Š¸¸›¸½ ¬¸¿¤¸¿š¸ú œ¸Ö¢÷¸ ÷¸˜¸¸
÷¸÷¬¸¿¤¸¿š¸ú „œ¸¡¸ºÆ÷¸ œÏ¸¨¸š¸¸›¸
ƒ¬¸ œÏˆÅ¸£ ¢›¸ˆÅ¸¥¸ú Š¸ƒÄ ‚›¸ºŸ¸¸¢›¸÷¸ í¸¢›¸/ ƒÄ¤¸ú‚¸ƒÄ”ú ˆ½Å ‚¸š¸¸£ œ¸£ ‹¸’ˆÅ¸Ê ˆÅú ‚¸½£
¬¸½ ¤¸ÿˆÅ ׸£¸ ¢¨¸¢›¸¢™Ä«’ Ÿ¸¸Á”¥¸ ˆ½Å ‚¸š¸¸£ œ¸£ ¬¸Ÿ¸½¢ˆÅ÷¸ ‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸¸Ê
ˆÅ¸ œ¸¢£ˆÅ¥¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ƒ¬¸ œÏˆÅ¸£ ˆ½Å ¢¨¸Š¸¸½œ¸›¸¸Ê œ¸£ ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸ ˆÅ£›¸¸
‚¸¨¸©¡¸ˆÅ í¾ ‚¸¾£ ƒ¬¸ˆ½Å ¢¥¸‡ ‚¢÷¸¢£Æ÷¸ œ¸»¿]¸ú ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ í¸½÷¸ú í¾—
¬¸¸˜¸ íú, ‡½¬¸½ ‹¸’ˆÅ¸Ê ˆ½Å Ÿ¸»¥¡¸›¸ ˆÅ¸½ ž¸ú ÷¸™›¸º¬¸¸£ œ¸º›¸Ÿ¸»Ä¥¡¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ]¸¸½ ¢ˆÅ
¡¸»‡ûŬ¸úƒÄ ˆÅ¸½ ˆÅ¨¸£ ˆÅ£›¸½ í½÷¸º ¬¸Ÿ¸º¢\¸÷¸ œÏú¢Ÿ¸¡¸Ÿ¸ ™]¸Ä ˆÅ£›¸½ ˆ½Å ׸£¸ „š¸¸£ˆÅ÷¸¸Ä ˆÅú
]¸¸½¢‰¸Ÿ¸ œÏ¸½ûŸƒ¥¸ œ¸£ ‚¸š¸¸¢£÷¸ í¾—
b. Method to estimate the extent of likely loss:
The loss to the entity in case of movement in exchange rate is
calculated using the annualised volatilities. For this purpose,
largest annual volatility seen in the rates during the period
of last ten years is taken as the movement of the rate in the
adverse direction.
c. Method to estimate the riskiness of unhedged position and
provide appropriately:
The likely loss / EBID so arrived at is taken as the base, as
per which consolidated UFCE on behalf of the constituents is
calculated, based on the model specified by the Bank. Such
exposure is subjected to additional provisioning and also
incremental capital requirement.
Further the pricing to such constituents is accordingly repriced
based on the risk profile of the borrower by loading an appropriate
premium to cover the UFCE.

8.6 Š¸¾£ ]¸Ÿ¸¸›¸÷¸ú ‚¢ŠÏŸ¸À 8.6 Unsecured Advances:

¢™›¸¸¿ˆÅ 31.03.2021 ˆÅ¸½ Š¸¾£ ]¸Ÿ¸¸›¸÷¸ú ‚¢ŠÏŸ¸¸Ê Ÿ¸Ê ²Å. 2404.12 ˆÅ£¸½”õ Unsecured advances include ` 2404.12 crore (` 1681.56 crore)
(²Å.1681.56 ˆÅ£¸½”õ) ˆ½Å ‚¢ŠÏŸ¸ ©¸¸¢Ÿ¸¥¸ ˜¸½ ]¸¸½ ‚Ÿ¸»÷¸Ä ‚¸¦¬÷¸¡¸¸Ê ]¸¾¬¸½ ¢ˆÅ ‚¢š¸ˆÅ¸£¸Ê, as on 31.03.2021 which is collaterally secured by intangible

106
Jeeef<e&keÀ efjHeesì& 2020-21
¥¸¸ƒ¬¸½›¬¸, œÏ¸¢š¸ˆÅ¸£ ƒ÷¡¸¸¢™ œ¸£ ž¸¸£ ]¸¾¬¸ú ¬¸í¸¡¸ˆÅ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ¬¸½ ¬¸º£¢®¸÷¸ ˜¸½— ƒ¬¸ securities such as charge over the rights, licenses, au-thorities
œÏˆÅ¸£ ˆÅú ‚Ÿ¸»÷¸Ä ¬¸í¸¡¸ˆÅ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸ ¢™›¸¸¿ˆÅ 31.03.2021 ˆÅ¸½ ‚›¸ºŸ¸¸¢›¸÷¸ Ÿ¸»¥¡¸ etc. The estimated value of such intangible collateral is `
2253.50 crore (` 1782.43 crore) as on 31.03.2021.
` 2253.50 ˆÅ£¸½”õ (` 1782.43 ˆÅ£¸½”õ) í¾—
ƒÄ¬¸ú]¸ú¬¸ú ˆ½Å œ¸¸¬¸ ` 97.92 ˆÅ£¸½”õ (` 97.92 ˆÅ£¸½”õ) ˆÅú £¸¢©¸ ˆ½Å ¥¸¿¢¤¸÷¸ ‚¸¾£ Claims pending and to be preferred with ECGC amounting
to ` 97.92 Crore (` 97.92 Crore) have been considered as
‚¢š¸Ÿ¸¸¢›¸÷¸ ™¸¨¸¸Ê ˆÅ¸½ Š¸µ¸›¸¸ œÏ¸¨¸š¸¸›¸ ˆ½Å „Ó½©¡¸ ¬¸½ ¬¸¸ˆÅ¸£ ˆÅ£›¸½ ¡¸¸½Š¡¸ Ÿ¸¸›¸¸ Š¸¡¸¸ í¾—
realizable for the purpose of computing provision.
8.7 ]¸¸½¢‰¸Ÿ¸ ª½µ¸ú¨¸¸£ ™½©¸ ¢¨¸Š¸¸½œ¸›¸ 8.7 Risk Category wise Country Exposure
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

31 Ÿ¸¸\¸Ä 31 Ÿ¸¸\¸Ä 31 Ÿ¸¸\¸Ä 31 Ÿ¸¸\¸Ä Exposure Provision Exposure Provision

2021 ˆÅ¸½ 2021 ˆÅ¸½ 2020 ˆÅ¸½ 2020 ˆÅ¸½ (net) as at held as at (net) as at held as at
]¸¸½¢‰¸Ÿ¸ ª½µ¸ú Risk Category
¢¨¸Š¸¸½œ¸›¸ š¸¸¢£÷¸ ¢¨¸Š¸¸½œ¸›¸ š¸¸¢£÷¸ March 31, March 31, March 31, March 31,
(¢›¸¨¸¥¸) œÏ¸¨¸š¸¸›¸ (¢›¸¨¸¥¸) œÏ¸¨¸š¸¸›¸ 2021 2021 2020 2020
Insignificant Risk 358.41 0.00 563.98 0.00
›¸Š¸µ¡¸ ]¸¸½¢‰¸Ÿ¸ 358.41 0.00 563.98 0.00
Low Risk 425.54 0.00 235.79 0.00
ˆÅŸ¸ ]¸¸½¢‰¸Ÿ¸ 425.54 0.00 235.79 0.00
Moderate Risk 5.53 0.00 10.65 0.00
¬¸¸š¸¸£µ¸ ]¸¸½¢‰¸Ÿ¸ 5.53 0.00 10.65 0.00
Moderately Low
¬¸¸š¸¸£µ¸÷¸À ˆÅŸ¸ ]¸¸½¢‰¸Ÿ¸ 36.43 0.00 16.31 0.00 36.43 0.00 16.31 0.00
Risk
¬¸¸š¸¸£µ¸÷¸À „\\¸ ]¸¸½¢‰¸Ÿ¸ 8.08 0.00 2.26 0.00 Moderately High
8.08 0.00 2.26 0.00
Risk
„\\¸ ]¸¸½¢‰¸Ÿ¸ 0.40 0.00 0.00 0.00
High Risk 0.40 0.00 0.00 0.00
‚¢÷¸ „\\¸ ]¸¸½¢‰¸Ÿ¸ 0.00 0.00 0.00 0.00
Very High Risk 0.00 0.00 0.00 0.00
†µ¸½÷¸£ ]¸¸½¢‰¸Ÿ¸ 0.00 0.00 0.00 0.00
Off-credit 0.00 0.00 0.00 0.00
ˆºÅ¥¸ 834.39 0.00 828.99 0.00 Total 834.39 0.00 828.99 0.00

8.8 œÏ¸¨¸š¸¸›¸ ˆÅ¨¸£½]¸ ‚›¸ºœ¸¸÷¸À 8.8 Provisioning Coverage Ratio:

¢™›¸¸¿ˆÅ 01 ¢™¬¸¿¤¸£, 2009 ˆ½Å œ¸¢£œ¸°¸ ÇÅ. ”ú¤¸ú‚¸½”ú.ÇÅ.¤¸úœ¸ú.¤¸ú¬¸ú.
64/21.04.048/2009-2010 ˆ½Å ¢›¸™½©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¤¸ÿˆÅ ›¸½ œÏ¸¨¸š¸¸›¸ ¬¸¿£®¸¸
‚›¸ºœ¸¸÷¸ (œ¸ú¬¸ú‚¸£) ˆÅ¸ œ¸¢£ˆÅ¥¸›¸ ¢ˆÅ¡¸¸ í¾ ]¸¸½ 89.86% (¢œ¸Ž¥¸½ ¨¸«¸Ä 83.97%)
í¾— ƒ¬¸ ‚›¸ºœ¸¸÷¸ ˆÅ¸ œ¸¢£ˆÅ¥¸›¸ 31.03.2021 ˆ½Å ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¬÷¸£ ˆ½Å
‚¸š¸¸£ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
9 ¢¨¸¢¨¸š¸À
9.1 ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ‚¸¡¸ˆÅ£ ˆ½Å ¢¥¸‡ ¢ˆÅ‡ Š¸‡ œÏ¸¨¸š¸¸›¸ ˆÅú £ˆÅŸ¸
(`  ˆÅ£¸½”õ Ÿ¸Ê)
The bank has computed the provision coverage ratio (PCR) as
required vide circular No.DBOD.No.BP.BC.64/21.04.048/2009-
2010, dated December 1, 2009, which is 89.86% (P. Y. 83.97%).
This ratio has been calculated on the basis of NPA level as on
31.03.2021.
9. Miscellaneous:
9.1 Amount of Provision made for income tax during the year:
(`  in Crore)

¢¨¸¨¸£µ¸ 2020-21 2019-20 Particulars 2020-21 2019-20

‚¸¡¸ˆÅ£ í½÷¸º œÏ¸¨¸š¸¸›¸ 680.86 ©¸»›¡¸ Provision for Income Tax 680.86 Nil
9.2 ¥¸¸/í¸ ‰¸¸÷¸½ Ÿ¸Ê ¨¡¸¡¸ ©¸ú«¸Ä ˆ½Å ‚¿÷¸Š¸Ä÷¸ ™©¸¸Ä‡ Š¸‡ œÏ¸¨¸š¸¸›¸ ‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ÷¸¸‡¿ 9.2 
Provisions and Contingencies shown under the head
(`  ˆÅ£¸½”õ Ÿ¸Ê) Expenditure in Profit and Loss Account
(`  in Crore)

ÇÅ.¬¸¿. ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 S. N. Particulars 31.03.2021 31.03.2020

1 Provision towards NPA 2213.79 2952.94
1 ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê í½÷¸º ¢ˆÅ‡ Š¸‡ œÏ¸¨¸š¸¸›¸ 2213.79 2952.94 2 Provisions for Standard 641.03 75.44
Advances
2 Ÿ¸¸›¸ˆÅ ‚¢ŠÏŸ¸¸Ê ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ 641.03 75.44
3 Depreciation on investments - 3.29
3 ‡‡ûҬ¸/ ‡\¸‡ûÅ’ú Ÿ¸Ê ¢›¸¨¸½©¸ œ¸£ Ÿ¸»¥¡¸Ý¸¬¸ - 3.29 in AFS/HFT
4 Provision for Non Performing 155.62 53.32
4 ‚›¸]¸ÄˆÅ ¢›¸¨¸½©¸ œ¸£ œÏ¸¨¸š¸¸›¸ 155.62 53.32 Investment
5 ¢›¸¨¸½©¸ ˆÅ¸ ¤¸’Ã’½ ‰¸¸÷¸½ ”¸¥¸›¸¸ 5.00 - 5 Write off of Investment 5.00
6 Provision for staff welfare fund 15 -
6 ˆÅŸ¸Ä\¸¸£ú ˆÅ¥¡¸¸µ¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ 15 - 7 Provisions for Restructured 1.41 -
Advances
7 œ¸º›¸¬¸ô£¢\¸÷¸ ‚¢ŠÏŸ¸¸Ê ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ 1.41 -
8 Provision for un-hedged 0.40 -
8 ‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ 0.40 - foreign currency exposure
9 Provision for other Assets – 2.43 -
9 ‚›¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ - ›¸¸Á¢Ÿ¸›¸¥¸ 2.43 - Nominal
10 Provision for fraud - 1.07
10 š¸¸½‰¸¸š¸”õú ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ - 1.07

107
 Annual Report 2020-21

S. N. Particulars 31.03.2021 31.03.2020

ÇÅ.¬¸¿. ¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
11 Provision for income tax 680.86 –
11 ‚¸¡¸ˆÅ£ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ 680.86 - 12 Other Provisions 23.64 –
12 ‚›¡¸ œÏ¸¨¸š¸¸›¸ 23.64 - 13 Other Provisions and – 64.13
Contingencies TIBD-provision
13 ‚›¡¸ œÏ¸¨¸š¸¸›¸ ¨¸ ‚¸ˆÅ¦¬Ÿ¸ˆÅ÷¸¸‡¿ - 64.13 for FITL/interest/SR TIBD
„œ¸ ]¸¸½”õ(ˆÅ) 3739.18 3150.19 Sub-total (A) 3739.18 3150.19
‹¸’¸¡¸Ê À œÏ¢÷¸¥¸½‰¸›¸/ ¬¸Ÿ¸¸¡¸¸½]¸›¸ Less: Write back /adjustments
1 ‡Ÿ¸‡’ú †µ¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ 276.98 - 1 Provision on MAT credit 276.98 –
2 œ¸º›¸¬¸ô£¢\¸÷¸ ¢›¸¨¸½©¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ ˆÅ¸ 48.46 1.66 2 Write back of Provision for 48.46 1.66
œÏ¢÷¸¥¸½‰¸›¸ restructured Investment

3 ‡‡ûҬ¸ ‡\¸‡ûÅ’ú Ÿ¸Ê ¢›¸¨¸½©¸ ˆ½Å ¢¥¸‡ 2.40 - 3 Write back of Provision for 2.40 –
œÏ¸¨¸š¸¸›¸ ˆÅ¸ œÏ¢÷¸¥¸½‰¸›¸ Investment in AFS HFT

4 š¸¸½‰¸¸š¸”õú ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ ˆÅ¸ œÏ¢÷¸¥¸½‰¸›¸ 3.73 - 4 Write back of Provision for 3.73 –
fraud
5 ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ ˆÅ¸ 0.18 -
5 Write back of Provision for 0.18 –
œÏ¢÷¸¥¸½‰¸›¸ contingent liability
6 œ¸º›¸¬¸ô£¢\¸÷¸ ‚¢ŠÏŸ¸¸Ê ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ ˆÅ¸ - 37.07
6 Write back of Provisions for - 37.07
œÏ¢÷¸¥¸½‰¸›¸ Restructured Advances
7 ‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸ ˆ½Å ¢¥¸‡ - 3.98
7 Provision for un-hedged - 3.98
œÏ¸¨¸š¸¸›¸ foreign currency exposure
8 ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸/ ™½¡¸÷¸¸ - 649 8 Deferred tax Asset/ Liability - 649

„œ¸ ]¸¸½”õ (‰¸) 331.75 691.71 Sub Total (B) 331.75 691.71

ˆºÅ¥¸ 3407.43 2458.48 Total 3407.43 2458.48

9.3 Fixed Assets:

9.3 ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸¿:
9.3.1 ‡‡¬¸-10 ``¬¸¿œ¸¢î¸, ¬¸¿¡¸°¸ ¨¸ „œ¸ˆÅ£µ¸'' ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å
œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ ¢í¬¬¸½ œ¸£ ¨¸«¸Ä í½÷¸º ` 88.55 ˆÅ£¸½”õ Ÿ¸»¥¡¸Ý¸¬¸ ˆÅ¸½ ¥¸¸ž¸ ¨¸ í¸¢›¸
‰¸¸÷¸½ Ÿ¸Ê œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— ³Å.88.55 (` 106.14) ˆÅ£¸½”õ ˆÅú ¬¸Ÿ¸÷¸º¥¡¸ £¸¢©¸
ˆÅ¸ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿ˆÅ›¸ ‚¸£¢®¸¢÷¸ ¬¸½ £¸]¸¬¨¸ ‚¸£¢®¸¢÷¸ Ÿ¸Ê ‚¿÷¸£µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—
¤¸ÿˆÅ¸Ê ˆ½Å ˆºÅŽ œ¸¢£¬¸£¸Ê ˆÅ¸½ œ¸º›¸£ú¢®¸÷¸ £¸¢©¸ œ¸£ ˆÅí¸ Š¸¡¸¸ í¾— ¨¸«¸Ä ˆ½Å ‚¿÷¸ Ÿ¸Ê œ¸¢£¬¸£
Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ‡½¬¸½ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿ˆÅ›¸ ˆÅú ¬¸ˆÅ¥¸ £¸¢©¸ ` 1261.16 ˆÅ£¸½”õ ‚¸¾£ Ÿ¸»¥¡¸Ý¸¬¸
ˆÅ¸ ¢›¸¨¸¥¸ £¸¢©¸ ` 1172.63 ˆÅ£¸½”õ í¾—
9.3.2 ` 5.60 ˆÅ£¸½”õ (` 7.32 ˆÅ£¸½”õ) ˆÅú ¥¸¸Š¸÷¸ ¨¸¸¥¸½ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ œ¸¢£¬¸£¸Ê ˆ½Å ¬¸¿¤¸¿š¸
Ÿ¸Ê íˆÅ ¢¨¸¥¸½‰¸¸Ê ˆÅ¸½ ˆÅ¢÷¸œ¸¡¸ ¥¸¿¢¤¸÷¸ ¢¨¸¢š¸ˆÅ Ÿ¸÷¸ž¸½™/ ‚¸¾œ¸\¸¸¢£ˆÅ÷¸¸‚¸Ê ˆ½Å ˆÅ¸£µ¸
¤¸ÿˆÅ ˆ½Å œ¸®¸ Ÿ¸Ê ‚¤¸ ÷¸ˆÅ ¢›¸«œ¸¸¢™÷¸/ œ¸¿]¸úˆ¼Å÷¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ ˜¸¸— ‡½¬¸½ œ¸’Ã’½ œ¸¢£¬¸£
ˆ½Å Ÿ¸¸Ÿ¸¥¸½ ¥¸¿¢¤¸÷¸ íÿ ]¸í¸¿ ˆÅ¸½ƒÄ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸ ›¸íú¿ í¾, Æ¡¸¸Ê¢ˆÅ ¤¸ÿˆÅ ©¸¸‰¸¸ œ¸¢£¬¸£
ˆ½Å Ÿ¸¸¢¥¸ˆÅ¸½¿ ׸£¸ œ¸’Ã’½ ¢¨¸¥¸½‰¸ ˆÅú ¬¸Ÿ¸¸¦œ÷¸ ˆ½Å ˆÅ¸£µ¸ ƒ›¸ ¬¸ž¸ú ˆ½Å ¢‰¸¥¸¸ûÅ ™¸¡¸£
¢ˆÅ‡ Š¸‡ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸ ¤¸\¸¸¨¸ ˆÅ£ £í¸ í¾— ƒ¬¸ˆ½Å ‚¢÷¸¢£Æ÷¸, ‚œ¸›¸ú ™½¡¸÷¸¸ ˆ½Å ¢¥¸‡
¤¸ÿˆÅ ‰¸¸÷¸¸ ¥¸Š¸ž¸Š¸ ` 0.23 ˆÅ£¸½”õ í¾—
9.3.3 œ¸»¿]¸úŠ¸÷¸ ˆÅ¸¡¸Ä-œÏŠ¸¢÷¸ Ÿ¸Ê ¢›¸¢ä¸÷¸ œ¸¢£¬¸¿œ¸¢î¸¡¸¸Ê ˆÅú ¥¸¸Š¸÷¸ ©¸¸¢Ÿ¸¥¸ í¾ ]¸¸½ ‚ž¸ú ÷¸ˆÅ
¢£œ¸¸½¢’ôŠ¸ ¢÷¸¢˜¸ œ¸£ „›¸ˆ½Å ƒ¦\Ž÷¸ „œ¸¡¸¸½Š¸ ˆ½Å ¢¥¸‡ ÷¸¾¡¸¸£ ›¸íú¿ íÿ— œÏŠ¸¢÷¸š¸ú›¸ œ¸»¿]¸ú
ˆÅ¸¡¸Ä Ÿ¸Ê ` 34.38 ˆÅ£¸½”õ ˆÅú £¸¢©¸ ˆÅú Š¸µ¸›¸¸ Ÿ¸½¿ ¢¤¸¦¥”¿Š¸ ˆÅ¸ ¢›¸Ÿ¸¸Äµ¸ ©¸¸¢Ÿ¸¥¸ í¾—
9.3.4 ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê œ¸£ ”¤¥¡¸»”ú¨¸ú ˆÅ¸ „œ¸¡¸¸½Š¸ ˆÅ£÷¸½ íº‡ Ÿ¸»¥¡¸í¸Ä¬¸ ™£Ê, ˆ¿Åœ¸›¸ú
‚¢š¸¢›¸¡¸Ÿ¸ 1956 ˆ½Å ¬¸»\¸ú XIV ˆ½Å ‚›¸º¬¸¸£ ¥¸ú Š¸ƒÄ íÿ ÷¸˜¸¸ „Æ÷¸ ™£Ê 5% ˆ½Å ©¸½«¸
Ÿ¸»¥¡¸ œ¸£ ‚¸š¸¸¢£÷¸ ¢ˆÅ‡ Š¸‡ íÿ— ¡¸Ô¸¢œ¸ ¤¸ÿˆÅ ׸£¸ ‚\¸¥¸ ¬¸¿œ¸¢î¸¡¸¸Ê ˆÅ¸½ ˆÅŸ¸ ˆÅ£›¸½
ˆ½Å ¢¥¸‡ ‡ˆÅ ›¸ú¢÷¸ í¾ ÷¸¸¢ˆÅ œ¸º›¸À ¬¸¿œ¸¢î¸ ˆÅ¸ Ÿ¸»¥¡¸ ` 1 ¢¥¸‰¸ ¬¸ˆÊÅ— ¤¸ÿˆÅ ˆÅú ›¸ú¢÷¸ ˆ½Å
‚›¸º¬¸¸£ ]¸ú¨¸›¸ ˆÅú ‡ˆÅ ‚¢÷¸¢£Æ÷¸ ‚¨¸¢š¸ Ÿ¸Ê œ¸¢£¬¸¿œ¸¢î¸¡¸¸Â ݸ¬¸ í¸½ ]¸¸÷¸ú íÿ— ¤¸ÿˆÅ
¬¸¿œ¸¢î¸¡¸¸Ê ˆ½Å „œ¸¡¸¸½Š¸ú ]¸ú¨¸›¸ ˆÅ¸ ‚¸ˆÅ¥¸›¸ ˆÅ£›¸½ ‚¸¾£ ‚¨¸¢©¸«’ ]¸ú¨¸›¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ˆ¿Åœ¸›¸ú ‚¢š¸¢›¸¡¸Ÿ¸, 2013 ˆÅú ‚›¸º¬¸»\¸ú II ˆ½Å ‚›¸º¬¸¸£ œ¸¢£¬¸¿œ¸¢î¸¡¸¸Ê
ˆ½Å Ÿ¸»¥¡¸Ý¸¬¸ ›¸ú¢÷¸ ˆÅ¸½ ¬¸¿©¸¸½¢š¸÷¸ ˆÅ£›¸½ ˆÅú œÏ¢ÇÅ¡¸¸ ˆ½Å ‚š¸ú›¸ í¾—
9.4 ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸‚¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ™©¸¸ÄƒÄ Š¸ƒÄ ˆÅ¸¥¸¸÷¸ú÷¸ Š¸¸£¿¢’¡¸¸Ê ˆÅú £ˆÅŸ¸
`  761.47 ˆÅ£¸½”õ (` 2712.21 ˆÅ£¸½”õ) ©¸¸¢Ÿ¸¥¸ í¾, ¢]¸›íÊ ‚¸¾œ¸\¸¸¢£ˆÅ÷¸¸‚¸Ê ˆÅú
œ¸»¢÷¸Ä ¥¸¿¢¤¸÷¸ í¸½›¸½ ˆ½Å ˆÅ¸£µ¸ ¢›¸£¬÷¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
9.3.1 In accordance with the As-10 “Property, Plant and Equipment”
depreciation of ` 88.55 crore for the year on revalued portion
of fixed assets has been charged to Profit and Loss Account.
Equivalent amount of `88.55 crore (` 106.14 crore) has been
transferred from Revaluation Reserve to Revenue Reserve.
Certain premises of banks are stated at revalued amount. The
gross amount of such revalua-tion included in premises at the
end of the year is ` 1261.16 crore and net of depreciation the
revaluation amounts to ` 1172.63 crore.
9.3.2 The title deed in respect of few revalued premises having cost
` 5.60 crore (` 7.32 crore) are not yet executed/ registered in
favour of the Bank due to certain long pending legal dispute/
formalities. There are cases pending for leased premises where
no contingent liability is recognized as the Bank is defending all
these cases filed against it by landlords of Branch premises
due to expiration of lease deeds. Out of these, Bank accounts
for its liability to around ` 0.23 crore.
9.3.3 Capital work in progress comprises of the cost of fixed assets
that are not yet ready for their intended use at the reporting
date. Capital work in progress amounting to ` 34.38 crore in-
cludes construction of building.
9.3.4 Depreciation rates on fixed assets using WDV are taken as per
Schedule XIV of Companies Act, 1956 and the said rates are
based on residual value of 5%. However, Bank has a policy to
depreciate fixed assets so as to write down value of assets to
Re. 1. According to Bank’s policy the assets get depreciated
over an additional period of life. The Bank is under the process
of revising the depreciation policy to assess the useful life of
Assets and determine the residual life of the assets in line with
Schedule II of the Companies Act, 2013.
9.4 Contingent Liabilities includes expired Guarantees amount
to `  761.47 Crore (` 2712.21 Crore), which have not been
cancelled because of pending requisite process.

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Jeeef<e&keÀ efjHeesì& 2020-21

9.5 ¨¸÷¸ÄŸ¸¸›¸ ¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ]¸ºŸ¸¸Ä›¸¸ ¥¸Š¸¸¡¸¸ Š¸¡¸¸ í¾À 9.5 During the Current Financial year following Penalties have
been imposed:
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

‚.ÇÅ. ™¿”¸Ê ˆÅú œÏˆ¼Å¢÷¸ / ¢¨¸¨¸£µ¸ £¸¢©¸ S. N. Particulars/nature of penalties Amount

1 ž¸ºŠ¸÷¸¸›¸ ¨¸ ¢›¸œ¸’¸›¸ œÏµ¸¸¥¸ú ‚¢š¸¢›¸¡¸Ÿ¸, 2007 ˆ½Å ‚¿÷¸Š¸Ä÷¸ ™¿” ©¸»›¡¸ 1 Penalty under Payment & Settlement Systems NIL
Act, 2007
2 ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸ ‚¢š¸¢›¸¡¸Ÿ¸, 1949 ˆÅú š¸¸£¸ 46(4) ˆ½Å ©¸»›¡¸
2 Penalty under section 46(4) of the Banking NIL
‚¿÷¸Š¸Ä÷¸ ™¿”
Regulation Act,1949
3 ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ˆÅ£Ê¬¸ú \¸½¬’¸Ê œ¸£ ¥¸Š¸¸¡¸¸ Š¸¡¸¸ ™¿” 0.02
3 Penalty levied by RBI on currency chests 0.02
4 ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¥¸Š¸¸¡¸¸ Š¸¡¸¸ ‚›¡¸ 0.02
4 Others levied by RBI 2.00
9.6 ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ׸£¸ ¬¸ž¸ú ¢›¸œ¸’¸ƒÄ Š¸ƒÄ ŠÏ¸íˆÅ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£
í¾ 9.6 
The details of Customer complaints ALL dealt with by the Bank
during the year are as under:
ÇÅ. ¢¨¸¨¸£µ¸ 2020-21 2019-20 S. N. Particulars 2020-21 2019-20
1. ¨¸«¸Ä ˆ½Å ‚¸£¿ž¸ Ÿ¸Ê ¥¸¿¢¤¸÷¸ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú 296 145 1. No. of complaints pending at 296 145
¬¸¿‰¡¸¸ the beginning of the year

2. ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œÏ¸œ÷¸ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ 3760 8740 2. No. of complaints received 3760 8740
during the year
3. ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢›¸œ¸’¸ƒÄ Š¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú 4037 8589
3. No. of complaints redressed 4037 8589
¬¸¿‰¡¸¸ during the year
3.1 ¢]¸›¸Ÿ¸Ê ¬¸½ ¤¸ÿˆÅ ׸£¸ ¨¸¸œ¸¬¸ ˆÅú Š¸ƒÄ 0 0 3.1 Of which, no of complaints 0 0
©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ rejected by the bank
4. ¨¸«¸Ä ˆ½Å ‚¿÷¸ Ÿ¸Ê ¥¸¿¢¤¸÷¸ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú 19 296 4. No. of complaints pending at 19 296
¬¸¿‰¡¸¸ the end of the year
Maintainable complaints received by Bank from OBOs
‚¸½¤¸ú‚¸½ ˆÅú ‚¸½£ ¬¸½ ¤¸ÿˆÅ ˆÅ¸½ œÏ¸œ÷¸ ¤¸›¸¸‡ £‰¸ú Š¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸Ê
5. Number of maintainable 1511 –
5. ‚¸½¤¸ú‚¸½ ˆÅú ‚¸½£ ¬¸½ ¤¸ÿˆÅ ˆÅ¸½ œÏ¸œ÷¸ ¤¸›¸¸‡ 1511 - complaints received by bank
£‰¸ú Š¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ from OBOs
5.1 5 Ÿ¸Ê ¬¸½, ¤¸ú‚¸½ ׸£¸ ¤¸ÿˆÅ ˆ½Å œ¸®¸ Ÿ¸Ê 887 - 5.1 Of 5, number of complaints 887 –
¢›¸œ¸’¸ƒÄ Š¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ resolved in favour of the bank
by BOs
5.2 5 Ÿ¸Ê ¬¸½, ¤¸ú‚¸½ ׸£¸ ]¸¸£ú ¢ˆÅ‡ Š¸‡ ¬¸º¥¸í 98 -
5.2 Of 5, number of complaints 98 –
/ Ÿ¸š¡¸¬˜¸÷¸¸ / ¬¸¥¸¸í ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½
resolved through conciliation/
¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ mediation/advisories issued by
5.3 5 Ÿ¸Ê ¬¸½, ¤¸ÿˆÅ ˆ½Å ¢¨¸²ÅÖ ¤¸ú‚¸½ ׸£¸ ‚¨¸¸”Ä 0 - BOs
œ¸¸¢£÷¸ ˆÅ£›¸½ ˆ½Å ¤¸¸™ ¢›¸œ¸’¸ƒÄ Š¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸¸Ê 5.3 Of 5, number of complaints 0 –
ˆÅú ¬¸¿‰¡¸¸— resolved after passing of awards
by BOs against the Bank.
6. ¢›¸š¸¸Ä¢£÷¸ ¬¸Ÿ¸¡¸ ˆ½Å ž¸ú÷¸£ ¥¸¸Š¸» ›¸íú¿ ˆÅú 0 -
Š¸ƒÄ ‚¨¸¸”Ä ˆÅú ¬¸¿‰¡¸¸ (ƒ›¸ ˆÅú Š¸ƒÄ ‚œ¸ú¥¸ 6. Number of awards 0 –
ˆ½Å ‚¥¸¸¨¸¸ ‚›¡¸) unimplemented within the
stipulated time (other than those
appealed)
¤¸ÿˆÅ ›¸½ ‚¤¸ Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ¬¸¸¨¸Ä]¸¢›¸ˆÅ ¢©¸ˆÅ¸¡¸÷¸ ¢›¸œ¸’¸›¸ œÏµ¸¸¥¸ú (‡¬¸œ¸ú]¸ú‚¸£‡¬¸) ˆÅ¸
ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ¢ˆÅ¡¸¸ í¾ ]¸¸½ ¢©¸ˆÅ¸¡¸÷¸ œÏ¤¸¿š¸›¸ ˆ½Å ¢¥¸‡ ‡ˆÅ ¬¸Ÿ¸¦›¨¸÷¸ œÏµ¸¸¥¸ú í¾— ¡¸í ŠÏ¸íˆÅ¸Ê The bank has implemented Standardized Public Grievances Redress
System (SPGRS), which is an integrated system for complaint
ˆÅú ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅ¸½ ™]¸Ä ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ‡ˆÅ ‚¸Á›¸¥¸¸ƒ›¸ œ¸¸½’Ä¥¸ í¾ ¢]¸¬¸Ÿ¸Ê ¢©¸ˆÅ¸¡¸÷¸ ˆÅú ¦¬˜¸¢÷¸ management. It is an online portal for registering customer complaints
‚Ô¸÷¸›¸, ‚¸Á’¸½ ’¸ƒŸ¸ ¤¸¸„¿” ‡Æ¬¸½¥¸½©¸›¸, ¢£œ¸¸½¢’ôŠ¸ ƒ÷¡¸¸¢™ ]¸¾¬¸ú ¢¨¸©¸½«¸÷¸¸‡¿ íÿ— with features like complaint status update, auto time bound escalation,
reporting etc.
9.7 ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ׸£¸ ‡’ú‡Ÿ¸ ¬¸¿¨¡¸¨¸í¸£¸Ê ˆ½Å ˆÅ¸£µ¸ ¢›¸œ¸’¸ƒÄ Š¸ƒÄ ŠÏ¸íˆÅ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆ½Å ¢¨¸¨¸£µ¸ 9.7 
The details of Customer complaints on account of ATM
¢›¸Ÿ›¸¸›¸º¬¸¸£ í transactions dealt with by the Bank during the year are as under:

ÇÅ. ¢¨¸¨¸£µ¸ 2020-21 2019-20 S. N. Particulars 2020-21 2019-20

(a) No. of complaints pending at 199 19
(ˆÅ) ¨¸«¸Ä ˆ½Å ‚¸£¿ž¸ Ÿ¸Ê ¥¸¿¢¤¸÷¸ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ 199 19 the beginning of the year
(‰¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œÏ¸œ÷¸ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ 1600 3820 (b) No. of complaints received 1600 3820
during the year
(Š¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢›¸œ¸’¸ƒÄ Š¸ƒÄ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú 1793 3640 (c) No. of complaints redressed 1793 3640
¬¸¿‰¡¸¸ during the year
(d) No. of complaints pending at 6 199
(‹¸) ¨¸«¸Ä ˆ½Å ‚¿÷¸ Ÿ¸Ê ¥¸¿¢¤¸÷¸ ¢©¸ˆÅ¸¡¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ 6 199
the end of the year

109
 Annual Report 2020-21

9.8 ¤¸ÿ¢ˆ¿ÅŠ¸ ¥¸¸½ˆÅœ¸¸¥¸ ׸£¸ œ¸¸¢£÷¸ ¢ˆÅ‡ Š¸‡ ‚¢š¸¢›¸µ¸Ä¡¸¸Ê ˆ½Å ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À 9.8 
The details of awards passed by the Banking Ombudsman are
as under:
ÇÅ. ¢¨¸¨¸£µ¸ 2020-21 2019-20 S. N. Particulars 2020-21 2019-20
(ˆÅ) ¨¸«¸Ä ˆ½Å ‚¸£¿ž¸ Ÿ¸Ê ˆÅ¸¡¸¸Ä¦›¨¸÷¸ ›¸ íº‡ ‚¢š¸¢›¸µ¸Ä¡¸¸Ê 0 0
(a) No. of unimplemented Awards NIL NIL
ˆÅú ¬¸¿‰¡¸¸
at the beginning of the year
(‰¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¥¸¸½ˆÅœ¸¸¥¸ ׸£¸ œ¸¸¢£÷¸ 0 0
‚¢š¸¢›¸µ¸Ä¡¸¸Ê ˆÅú ¬¸¿‰¡¸¸ (b) No. of Awards passed by the NIL NIL
(Š¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ˆÅ¸¡¸¸Ä¦›¨¸÷¸ ‚¢š¸¢›¸µ¸Ä¡¸¸Ê ˆÅú 0 0 Banking Ombudsman during
¬¸¿‰¡¸¸ the year
(‹¸) ¨¸«¸Ä ˆ½Å ‚¿÷¸ Ÿ¸Ê ˆÅ¸¡¸¸Ä¦›¨¸÷¸ ›¸ íº‡ ‚¢š¸¢›¸µ¸Ä¡¸¸Ê 0 0 (c) No. of Awards implemented NIL NIL
ˆÅú ¬¸¿‰¡¸¸ during the year.
9.9 ‡’ú‡Ÿ¸ ¬¸¿¨¡¸¨¸í¸£¸Ê ˆ½Å ˆÅ¸£µ¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¥¸¸½ˆÅœ¸¸¥¸ ׸£¸ œ¸¸¢£÷¸ ¢ˆÅ‡ Š¸‡ ‚¢š¸¢›¸µ¸Ä¡¸¸Ê ˆ½Å ¢¨¸¨¸£µ¸ (d) No. of unimplemented Awards NIL NIL
¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À at the end of the year.

ÇÅ. ¢¨¸¨¸£µ¸ 2020-21 2019-20 9.9 

The details of awards passed by the Banking Ombudsman on
(ˆÅ) ¨¸«¸Ä ˆ½Å ‚¸£¿ž¸ Ÿ¸Ê ˆÅ¸¡¸¸Ä¦›¨¸÷¸ ›¸ íº‡ ‚¢š¸¢›¸µ¸Ä¡¸¸Ê 0 0 account of ATM transactions are as under:
ˆÅú ¬¸¿‰¡¸¸ S. N. Particulars 2020-21 2019-20
(‰¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¥¸¸½ˆÅœ¸¸¥¸ ׸£¸ œ¸¸¢£÷¸ 0 0
(a) No. of unimplemented Awards NIL NIL
‚¢š¸¢›¸µ¸Ä¡¸¸Ê ˆÅú ¬¸¿‰¡¸¸
at the beginning of the year
(Š¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ˆÅ¸¡¸¸Ä¦›¨¸÷¸ ‚¢š¸¢›¸µ¸Ä¡¸¸Ê ˆÅú 0 0
¬¸¿‰¡¸¸ (b) No. of Awards passed by the NIL NIL
Banking Ombudsman during
(‹¸) ¨¸«¸Ä ˆ½Å ‚¿÷¸ Ÿ¸Ê ˆÅ¸¡¸¸Ä¦›¨¸÷¸ ›¸ íº‡ ‚¢š¸¢›¸µ¸Ä¡¸¸Ê 0 0 the year
ˆÅú ¬¸¿‰¡¸¸
(c) No. of Awards implemented NIL NIL
during the year.
9.10 ˆÅ¸Áœ¸¸½Ä£½’ ˆÅ¸½ ¨¡¸¸œ¸¸£ †µ¸ ¬¸º¢¨¸š¸¸ ˆ½Å œÏ¡¸¸½]¸›¸ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ׸£¸ ]¸¸£ú
\¸ºˆÅ¸¾÷¸ú ‚¸æ¸¸¬¸›¸ œ¸°¸ (‡¥¸‚¸½¬¸ú) (d) No. of unimplemented Awards NIL NIL
at the end of the year.
\¸¸¥¸» ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ` 89.77 ˆÅ£¸½”õ ˆ½Å 82 ’ï½” ǽŢ”’ ]¸¸£ú ¢ˆÅ‡ ‚¸¾£ ˆ¿Åœ¸›¸ú
ŠÏ¸íˆÅ¸Ê ˆ½Å ¢¥¸‡ ’ï½” ǽŢ”’ Ÿ¸ºí¾¡¸¸ ˆÅ£¸›¸½ í½÷¸º ©¸¸‰¸¸‚¸Ê ׸£¸ ¢¨¸¢ž¸››¸ ‚›¡¸ ¤¸ÿˆÅ¸Ê ˆ½Å 9.10 Letter of Comfort (LOCs) issued by Bank for the purpose
œ¸®¸ Ÿ¸Ê ˆÅ¸½ƒÄ ž¸ú \¸ºˆÅ¸¾÷¸ú ‚¸æ¸¸¬¸›¸ œ¸°¸ ]¸¸£ú ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸— of Trade Credit Facility to corporate.
¢™›¸¸¿ˆÅ 31 Ÿ¸¸\¸Ä, 2020 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ` 16.47 ˆÅ£¸½”õ ˆ½Å 11 ’ï½” ǽŢ”’ During the current year, 82 Trade credits amounting to Rs
ˆÅú ÷¸º¥¸›¸¸ Ÿ¸½¿ ¢™›¸¸¿ˆÅ 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ` 20.16 ˆÅ£¸½”õ ˆ½Å 89.77 crores were sanctioned by the Bank and No Letters of
Comfort was issued by the branches in favor of various other
21 ’ï½” ǽŢ”’ ¤¸ˆÅ¸¡¸¸ ˜¸½—
Banks for arranging trade credit to corporate clients.
9.11 ¤¸ÿˆÅ ‡©¡¸¸½£½›¬¸ ¨¡¸¨¸¬¸¸¡¸ As on 31st Mar 2021, 21 Trade Credits amounting to Rs 20.16
¤¸ÿˆÅ ‡©¡¸¸½£½›¬¸ ˆ½Å ‚š¸ú›¸ ` 22.99 ˆÅ£¸½”õ (` 18.93 ˆÅ£¸½”õ) ˆÅú ‚¸¡¸ ‚¢]¸Ä÷¸ ˆÅú crores are outstanding as against 11 Trade Credits amounting
to Rs 16.47 crores for the year ended 31st March, 2020
Š¸ƒÄ— ¤¸ÿˆÅ ‡©¡¸¸½£½›¬¸ ‚¸¡¸ ˆ½Å ¤¡¸¸¾£½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ -
(`  ˆÅ£¸½”õ Ÿ¸Ê) 9.11 Bancassurance Business
ÇÅ.¬¸¿. ‚¸¡¸ ˆÅ¸ ¬¨¸³Åœ¸ 2020-21 2019-20 The income earned under Bancassurance is ` 22.99 crore (` 18.93
crore).The details of Bancassurance income is as under:
1 ]¸ú¨¸›¸ ¤¸úŸ¸¸ œ¸¸Á¢¥¸¬¸ú ¢¨¸ÇÅ¡¸ í½÷¸º 8.66 6.11 (`  in Crore)
2 Š¸¾£-]¸ú¨¸›¸ ¤¸úŸ¸¸ œ¸¸Á¢¥¸¬¸ú ¢¨¸ÇÅ¡¸ í½÷¸º 13.02 12.33 S. N. Nature of Income 2020-21 2019-20
3 Ÿ¡¸º\¡¸º‚¥¸ û¿Å” „÷œ¸¸™ ¢¨¸ÇÅ¡¸ í½÷¸º 1.31 0.49 1 For selling life insurance policies 8.66 6.11
For selling non-life insurance
ˆºÅ¥¸ 22.99 18.93 2
policies
13.02 12.33

3 For selling Mutual Fund & Others 1.31 0.49

9.12 ]¸Ÿ¸¸ˆÅ÷¸¸Ä ¢©¸®¸¸ ‡¨¸¿ ]¸¸Š¸³ÅˆÅ÷¸¸ ¢›¸¢š¸ (”úƒÄ‡‡ûÅ) Total 22.99 18.93
(`  ˆÅ£¸½”õ Ÿ¸Ê)
9.12 Depositor Education and Awareness Fund (DEAF)
¤¡¸¸¾£½ 2020-21 2019-20
(`  in Crore)
”úƒÄ‡‡ûÅ ˆÅ¸½ ‚¿÷¸¢£÷¸ £ˆÅŸ¸ ˆÅ¸ ‚¸£¿¢ž¸ˆÅ ©¸½«¸ 434.96 262.68
Particulars 2020-21 2019-20
]¸¸½”õÊ - ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ”úƒÄ‡‡ûÅ ˆÅ¸½ ‚¿÷¸¢£÷¸ £ˆÅŸ¸ 69.51 175.33 Opening balance of amount transferred to DEAF 434.96 262.68
‹¸’¸‡¿ - ”úƒÄ‡‡ûŠ׸£¸ ™¸¨¸¸Ê ˆ½Å ¢¨¸²ÅÖ œÏ¢÷¸œ¸»¢÷¸Ä ˆÅú Š¸ƒÄ Add: Amount transferred to DEAF during the year 69.51 175.33
3.62 3.05
£ˆÅŸ¸ Less: Amount reimbursed by DEAF towards
3.62 3.05
claims
”úƒÄ‡‡ûÅ ˆÅ¸½ ‚¿÷¸¢£÷¸ £ˆÅŸ¸ ˆÅ¸ ‚¿¢÷¸Ÿ¸ ©¸½«¸ 500.85* 434.96
Closing balance of amount transferred to DEAF 500.85* 434.96
*ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆÅú ‚¸½£ ¬¸½ ]¸¸£ú ûŸÁŸ¸Ä-I ˆ½Å ‚›¸º¬¸¸£ *As per Form-I issued by RBI.

110
Jeeef<e&keÀ efjHeesì& 2020-21

9.13 ‚›¡¸ ‚¸¦¬÷¸¡¸¸Ê ¨¸ ‚›¡¸ ™½¡¸÷¸¸‚¸Ê ˆ½Å ‚›÷¸Š¸Ä÷¸ œ¸º£¸›¸ú œÏ¢¨¸¦«’¡¸¸Ê, ›¸¸Ÿ¸Ÿ¸¸°¸ ‰¸¸÷¸¸Ê
¬¸¢í÷¸ ‚›¡¸ ¤¸ÿˆÅ¸Ê / ¬¸¿¬˜¸¸‚¸Ê, ™½¡¸/ œÏ¸œ¡¸ ¬¸£ˆÅ¸£ú ‰¸¸÷¸½, ”úƒÄ‡‡ûÅ ˆ½Å œ¸¸¬¸
¬¸¿¨¡¸¨¸í¸£¸Ê, ‚¿÷¸£©¸¸‰¸¸ ¬¸¿¨¡¸¨¸í¸£¸Ê ˆ½Å ¬¸Ÿ¸¸¡¸¸½]¸›¸/ ¬¸Ÿ¸¸š¸¸›¸/ ¬¸Ÿ¸¸œ¸›¸ ˆÅ¸ ˆÅ¸¡¸Ä
œÏŠ¸¢÷¸ œ¸£ í¾— £¸]¸¬¨¸ œ¸£ ƒ›¸ˆ½Å œÏž¸¸¨¸ ˆ½Å ¬¸¸˜¸ íú ƒ›¸ˆ½Å œ¸¢£µ¸¸Ÿ¸ú œÏž¸¸¨¸ ˆÅ¸ œ¸÷¸¸
¥¸Š¸¸¡¸¸ ›¸íú¿ ]¸¸ ¬¸ˆÅ÷¸¸— œÏ¤¸¿š¸›¸ ˆ½Å ‚¢ž¸Ÿ¸÷¸ Ÿ¸Ê ƒ›¸ˆÅ¸ £¸]¸¬¨¸ œ¸£ œ¸¢£µ¸¸Ÿ¸ú œÏž¸¸¨¸
Ÿ¸¸Ÿ¸»¥¸ú í¾—
10. ¤¸ÿˆÅ ›¸½ ž¸¸£÷¸ú¡¸ ¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ ¬¸¿¬˜¸¸›¸ (‚¸ƒÄ¬¸ú‡‚¸ƒÄ) ׸£¸ ]¸¸£ú ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ¸Ê
ˆÅ¸ „›¸ˆ½Å ¥¸¸Š¸» í¸½›¸½ ˆÅú ¬¸úŸ¸¸ ÷¸ˆÅ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ‚›¸ºœ¸¸¥¸›¸ ¢ˆÅ¡¸¸ í¾ À
10.1 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 3 - ›¸ˆÅ™ œÏ¨¸¸í ¢¨¸¨¸£µ¸
¤¸ÿˆÅ ‚œÏ÷¡¸®¸ œ¸Ö¢÷¸ ˆÅ¸ „œ¸¡¸¸½Š¸ ˆÅ£÷¸½ íº‡ ‡‡¬¸-3 ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆ½Å
‚›¸º¬¸£µ¸ Ÿ¸Ê ›¸ˆÅ™ œÏ¨¸¸í ¢¨¸¨¸£µ¸ ÷¸¾¡¸¸£ ˆÅ£÷¸¸ í¾—
9.13 Work is in progress for adjustment / reconciliation/elimination
of inter-branch transactions, transactions with other banks/
institutions, Government account payable/Receivables, DEAF,
nominal accounts and old entries under other assets and
liabilities. The effect of these including the consequential impact
thereof on the revenue is not ascertainable. In the opinion of
the management consequential impact thereof on revenue is
not material.
10. The Bank has complied with the Accounting Standards issued
by The Institute of Chartered Accountants of India (ICAI) to the
extent applicable as under:
10.1 Accounting Standard 3- Cash Flow Statement
The bank prepares cash flow statement in line with requirements
of AS-3 using indirect method.

10.2 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 5 - ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ©¸ºÖ ¥¸¸ž¸ ‚˜¸¨¸¸ í¸¢›¸, œ¸»¨¸Ä ‚¨¸¢š¸ Ÿ¸™¸½¿ 10.2 Accounting Standard 5 – Net Profit or Loss for the period,
prior period items and changes in accounting policies.
‚¸¾£ ¥¸½‰¸¸ ›¸ú¢÷¸¡¸¸½¿ Ÿ¸½¿ œ¸¢£¨¸÷¸Ä›¸
As prior period items of income/expenditure are not material,
\¸»¿¢ˆÅ ‚¸¡¸/ ¨¡¸¡¸ ˆÅú œ¸»¨¸Ä ‚¨¸¢š¸ Ÿ¸™Ê ˆÅ¸½ƒÄ Ÿ¸í÷¨¸œ¸»µ¸Ä ›¸íú¿ íÿ, ‚÷¸À ¨¸«¸Ä ˆÅ¸½ ™¸¾£¸›¸ the same have been charged/accounted for in respective
„›íÊ ¬¸¿¤¸¿¢š¸÷¸ ¥¸½‰¸¸ ©¸ú«¸¸½ô Ÿ¸Ê œÏž¸¸¢£÷¸/ ¥¸½‰¸¸¤¸Ö ¢ˆÅ¡¸¸ í¾— heads of accounts during the year.

10.3 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 9- £¸]¸¬¨¸ ¢›¸š¸¸Ä£µ¸ 10.3 Accounting Standard 9 – Revenue Recognition

Ÿ¸í÷¨¸œ¸»µ¸Ä ¥¸½‰¸¸¿ˆÅ›¸ ›¸ú¢÷¸¡¸¸Ê ˆÅú ‚›¸º¬¸»\¸ú 17 Ÿ¸Ê ™ú Š¸ƒÄ ¥¸½‰¸¸ ›¸ú¢÷¸ ÇÅŸ¸¸¿ˆÅ 6.1 As per Accounting Policy No. 6.1, given in Schedule -17
ˆ½Å ‚›¸º¬¸¸£ Ÿ¸í÷¨¸œ¸»µ¸Ä ¥¸½‰¸¸ ›¸ú¢÷¸¡¸¸Ê, ‚¸¡¸ ˆÅú ˆºÅŽ Ÿ¸™¸Ê ˆÅú œ¸í\¸¸›¸ œÏ¸¦œ÷¸/ – Significant Accounting Policies, certain items of income
are recognized on realization/ cash basis. During the year
›¸ˆÅ™ú ‚¸š¸¸£ œ¸£ ˆÅú ]¸¸÷¸ú í¾— 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸, ended March 31, 2021, the Bank has changed the method of
¤¸ÿˆÅ ›¸½ ¢÷¸Ÿ¸¸íú Ÿ¸Ê ¥¸¸ÁˆÅ£ ¢ˆÅ£¸‡ ¬¸½ ‚¸¡¸ ˆÅ¸½ œ¸í\¸¸›¸›¸½ ˆÅ¸ ÷¸£úˆÅ¸ ¤¸™¥¸ ¢™¡¸¸ í¾, recognizing the income from locker rent in the quarter in which
¢]¸¬¸Ÿ¸Ê ¡¸í ¨¸«¸Ä ˆ½Å ©¸½«¸ ¢÷¸Ÿ¸¸¢í¡¸¸Ê ˆ½Å ¬¸Ÿ¸¸›¸ ‚›¸ºœ¸¸÷¸ ˆÅ¸½ œ¸í\¸¸›¸›¸½ ˆÅú ¢¨¸¢š¸ ¬¸½ it is received to method of recognizing the same proportionately
over the remaining quarters of the year.
œÏ¸œ÷¸ í¸½÷¸ú í¾—
10.4 Accounting Standard 11 – Effect of Changes in Foreign
10.4 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 11 - ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸¢›¸Ÿ¸¡¸ ™£¸Ê Ÿ¸Ê ¤¸™¥¸¸¨¸ ˆÅ¸ œÏž¸¸¨¸ Exchange Rates
¨¸«¸Ä í½÷¸º ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ¢¨¸¢›¸Ÿ¸¡¸ ‚¿÷¸£ ]¸Ÿ¸¸ ˆ½Å ˆÅ¸£µ¸ ¢›¸¨¸¥¸ ‚¸¡¸ Net income on account of exchange differences credited to
`  153.34 ˆÅ£¸½”õ (`  164.68 ˆÅ£¸½”õ) £íú— Profit and Loss account for the year is ` 153.34 crore (`164.68
crore).

10.5 Accounting Standard (AS) 15 (Revised 2005) - “Employee

10.5 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ (‡‡¬¸) -15 (¬¸¿©¸¸½¢š¸÷¸ 2005) " ˆÅŸ¸Ä\¸¸£ú ¥¸¸ž¸ "
Benefits”
(ˆÅ) œ¸¢£ž¸¸¢«¸÷¸ ‚¿©¸™¸›¸ ¡¸¸½]¸›¸¸‡¿ À A. Defined Contribution Plans:
(`  ˆÅ£¸½”õ Ÿ¸Ê)
(`  in Crore)
¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 Particulars 31.03.2021 31.03.2020
ˆÅ) ž¸¢¨¸«¡¸ ¢›¸¢š¸ 70.59 28.87
a) Provident Fund 70.59 28.87
‰¸) ˆÅŸ¸Ä\¸¸£ú ˆÅ¥¡¸¸µ¸ ¢›¸¢š¸ Ÿ¸Ê
b) Contribution to Staff Welfare
‚¿©¸™¸›¸ - ˆÅ¥¡¸¸µ¸ ¢›¸¢š¸ 15.00 11.66 15.00 11.66
–Welfare Fund Contingency
‚¸ˆÅ¦¬Ÿ¸ˆÅ÷¸¸
(B) Defined Benefit Plans:
(‰¸) œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸ ¡¸¸½]¸›¸¸‡Â:
a) Pension Plan- This is a post-employment benefit, which is
ˆÅ) œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸ - ¡¸í £¸½]¸Š¸¸£ œ¸ä¸¸÷¸ ¥¸¸ž¸ í¾, ]¸¸½ ¢ˆÅ œ¸Ê©¸›¸¡¸¸½Š¡¸ ¬¸½¨¸¸ ˆ½Å 50% of final pay for a maximum of 33 years of pensionable
‚¢š¸ˆÅ÷¸Ÿ¸ 33 ¨¸«¸¸½ô í½÷¸º ‚¿¢÷¸Ÿ¸ ¨¸½÷¸›¸ ˆÅ¸ 50 œÏ¢÷¸©¸÷¸ í¾— ¡¸í ¢›¸¢š¸Š¸÷¸ ¡¸¸½]¸›¸¸ í¾— service. This is a funded scheme.

b) Gratuity Plan- This is a post-employment benefit and is

‰¸) „œ¸™¸›¸ ¡¸¸½]¸›¸¸ - ¡¸í £¸½]¸Š¸¸£ œ¸ä¸¸÷¸ ¥¸¸ž¸ í¾ ‚¸¾£ ¡¸í „œ¸™¸›¸ ¬¸¿™¸¡¸ ‚¢š¸¢›¸¡¸Ÿ¸,
payable as higher of Gratuity as per Company’s Rules and
1972 ¡¸˜¸¸¬¸¿©¸¸½¢š¸÷¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ „œ¸™¸›¸ ‚¸¾£ ˆ¿Åœ¸›¸ú ¢›¸¡¸Ÿ¸¸Ê ˆ½Å ‚›¸º¬¸¸£ „œ¸™¸›¸ Ÿ¸Ê Gratuity under Payment of Gratuity Act 1972 as amended. This
¬¸½ „\\¸÷¸Ÿ¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¬¸¿™½¡¸ í¾. ¡¸í ¢›¸¢š¸Š¸÷¸ ¡¸¸½]¸›¸¸ í¾— is a funded scheme.

Š¸) Žº’Ã’ú ›¸ˆÅ™úˆÅ£µ¸/œÏ¢÷¸œ¸»¢£÷¸ ‚›¸ºœ¸¦¬˜¸¢÷¸ - ¡¸í £¸½]¸Š¸¸£ œ¸ä¸¸÷¸ ¥¸¸ž¸ í¾ ‚¸¾£
¡¸í ‚¿¢÷¸Ÿ¸ ¨¸½÷¸›¸ œ¸£ ‚¸š¸¸¢£÷¸ ¬¸¿\¸¡¸ú Žº’Ã’ú ˆ½Å 240 ¢™›¸¸Ê ˆÅú ‚¢š¸ˆÅ÷¸Ÿ¸ ‚¨¸¢š¸
í½÷¸º ¬¸¿™½¡¸ í¾— ¡¸í Š¸¾£¢›¸¢š¸ ¡¸¸½]¸›¸¸ í¾—
c) Leave Encashment/ Compensated Absences-This is a post-
employment benefit and is payable for a maximum limit of
240 days of accumulated leave based on final pay. This is an
unfunded scheme.

111
 Annual Report 2020-21

I. œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸ ™¸¢¡¸÷¨¸¸Ê ˆ½Å ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¡¸ Ÿ¸Ê ¤¸™¥¸¸¨¸À (`  ˆÅ£¸½”õ Ÿ¸Ê)
Change in the Present value of Defined Benefit Obligations: (`  in Crore)

œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸ „œ¸™¸›¸ ¡¸¸½]¸›¸¸ Žº’Ã’ú ›¸ˆÅ™úˆÅ£µ¸

ÇÅ. ¬¸¿. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS LEAVE ENCASHMENT
SN Particulars
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸ ™¸¢¡¸÷¨¸¸Ê ˆÅ¸ ‚¸£¿¢ž¸ˆÅ ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¡¸
Opening Present Value of Defined 6114.28 5740.91 536.30 535.52 272.40 279.00
Benefit Obligation
2 ¤¡¸¸]¸ ¥¸¸Š¸÷¸ Interest Cost 391.17 376.18 32.49 31.72 17.52 17.16
3 \¸¸¥¸» ¬¸½¨¸¸ ¥¸¸Š¸÷¸ 367.27 323.21 45.60 26.83 80.47 58.52
Current Service Cost
4 œ¸»¨¸Ä ¬¸½¨¸¸ ¥¸¸Š¸÷¸ Past Service Cost 0.00 – 0.00 – 0.00 –
5 œÏ™î¸ ¥¸¸ž¸ Benefits Paid (569.19) (450.13) (138.87) (119.78) (41.47) (43.46)
6 ¨¸«¸Ä í½÷¸º „œ¸¢\¸÷¸ (¥¸¸ž¸) / í¸¢›¸ 145.72 124.10 102.02 62.01 (30.63) (38.82)
Actuarial (Gains)/Losses for the year
7 œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸ ™¸¢¡¸÷¨¸¸Ê ˆÅ¸ ‚¿¢÷¸Ÿ¸ ¨¸÷¸ÄŸ¸¸›¸
Ÿ¸»¥¡¸ 6449.25 6114.27 577.54 536.30 298.29 272.40
Closing Present Value of Defined
Benefit Obligation

II. ¡¸¸½]¸›¸¸¤¸Ö ‚¸¦¬÷¸¡¸¸Ê ˆ½Å „¢\¸÷¸ Ÿ¸»¥¡¸ Ÿ¸Ê ¤¸™¥¸¸¨¸À (`  ˆÅ£¸½”õ Ÿ¸Ê)
Change in the Fair Value of Plan Assets: (`  in Crore)

œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸ „œ¸™¸›¸ ¡¸¸½]¸›¸¸

ÇÅ. ¬¸¿. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS
SN Particulars
31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 ¡¸¸½]¸›¸¸¤¸Ö ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ‚¸£¿¢ž¸ˆÅ „¢\¸÷¸ Ÿ¸»¥¡¸ 6029.68 5724.33 559.88 533.03
Opening fair value of plan assets
2 ¡¸¸½]¸›¸¸¤¸Ö ‚¸¦¬÷¸¡¸¸Ê œ¸£ ‚œ¸½¢®¸÷¸ œ¸º›¸Ä‚™¸¡¸Š¸ú 449.81 480.84 44.85 45.31
Expected return on plan assets
3 ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¿©¸™¸›¸ Contributions made 300.59 282.85 42.00 102.00
4 œÏ™î¸ ¥¸¸ž¸ Benefits paid (569.19) (450.13) (138.87) (119.78)
5 „œ¸¢\¸÷¸ (¥¸¸ž¸) / í¸¢›¸ (9.74) (8.21) (3.87) (0.68)
Actuarial gains/losses
6 ¡¸¸½]¸›¸¸¤¸Ö ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¬¸Ÿ¸¸œ¸›¸ „¢\¸÷¸ Ÿ¸»¥¡¸ 6201.15 6029.68 503.99 559.88
Closing fair value of plan assets

III. ÷¸º¥¸›¸ œ¸°¸ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ £ˆÅŸ¸ (`  ˆÅ£¸½”õ Ÿ¸Ê)

Amount recognized in the Balance Sheet: (`  in Crore)
Š¸¾£¢›¸¢š¸ˆÅ œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸
¢›¸¢š¸ˆÅ œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸ ™¸¢¡¸÷¨¸ ™¸¢¡¸÷¨¸
UNFUNDED
FUNDED DEFINED BENEFIT OBLIGATIONS
ÇÅ. ¬¸¿. ¢¨¸¨¸£µ¸ DEFINED BENEFIT
SN Particulars OBLIGATIONS
œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸‡¿ „œ¸™¸›¸ ¡¸¸½]¸›¸¸‡¿ ˆºÅ¥¸ Žº’Ã’ú ›¸ˆÅ™úˆÅ£µ¸
PENSION PLANS GRATUITY PLANS TOTAL LEAVE ENCASHMENT
31.03.21 31.03.20 31.03.21 31.03.20 31.03.21 31.03.20 31.03.21 31.03.20
1 œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸ ™¸¢¡¸÷¨¸¸Ê ˆÅ¸ ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¡¸
Present Value of Defined Benefit 6449.25 6114.28 577.54 536.31 7026.80 6650.58 298.29 272.40
Obligations
2 ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ „¢\¸÷¸ Ÿ¸»¥¡¸ (6201.15) (6029.68) (503.99) (559.88) (6705.14) (6589.56) 0.00 0.00
Fair Value of Plan Assets
3 ¢›¸š¸¸Ä¢£÷¸ ¢›¸¨¸¥¸ ™½¡¸÷¸¸ 248.09 84.60 73.55 (23.58) 321.65 61.02 298.29 272.40
Net liability to be recognized
4 ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ ‚›¡¸ £ˆÅŸ¸
Other amount recognized in the 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Balance Sheet
5 ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ ¢›¸¨¸¥¸ ™½¡¸÷¸¸
Net liability recognized in the 248.09 84.60 73.55 (23.58) 321.65 61.02 298.29 272.40
Balance Sheet

112
Jeeef<e&keÀ efjHeesì& 2020-21

IV. ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ £ˆÅŸ¸À ( `  ˆÅ£¸½”õ Ÿ¸Ê)
Amount recognized in Profit and Loss Account: (`  in Crore)

ÇÅ. œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸‡¿ „œ¸™¸›¸ ¡¸¸½]¸›¸¸‡¿ Žº’Ã’ú ›¸ˆÅ™úˆÅ£µ¸

¬¸¿. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS LEAVE ENCASHMENT
S Particulars
N 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020

1 ¨¸÷¸ÄŸ¸¸›¸ ¬¸½¨¸¸ ¥¸¸Š¸÷¸ 367.27 323.21 45.60 26.83 80.47 58.52

Current Service Cost

2 ¤¡¸¸]¸ ¥¸¸Š¸÷¸ Interest Cost 391.17 376.18 32.49 31.72 17.52 17.16

3 ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ ‚œ¸½¢®¸÷¸ ‚¸¡¸ (449.81) (480.84) (44.85) (45.31) 0.00 0.00
Expected Return on Plan Assets

4 ¨¸«¸Ä í½÷¸º ¢›¸¨¸¥¸ ]¸ú¨¸›¸¸¿¢ˆÅˆÅ (¥¸¸ž¸)/ í¸¢›¸¡¸¸¿ 155.46 132.31 105.89 62.69 (30.63) (38.82)
Actuarial (Gains)/Losses for the year

5 ¬¸½¨¸¸ œ¸ä¸¸÷¸ ¥¸¸Š¸÷¸ 0.00 0.00 0.00 0.00 0 0.00

Past Service Cost

6 ¢›¸š¸¸Ä¢£÷¸ ¨¡¸¡¸ 464.09 350.86 139.14 75.93 67.36 36.86

Expense to be recognized

¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ Š¸‡ ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸/

7 (œÏ¢÷¸¥¸½¢‰¸÷¸) 0.00 0.00 0.00 0.00 0 0.00
Additional provision made / (write back)
during the year

ˆÅŸ¸Ä\¸¸£ú ¥¸¸Š¸÷¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ‚¸¾£ ¥¸¸ž¸ ¨¸ í¸¢›¸

8 ‰¸¸÷¸½ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ ˆºÅ¥¸ ‰¸\¸Ä 464.09 350.86 139.14 75.93 67.36 36.86
Net expense recognized in Profit & Loss
Account and included in Staff Cost

V. ÷¸º¥¸›¸ œ¸°¸ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ ¢›¸¨¸¥¸ ™½¡¸÷¸¸ ˆÅ¸ ¬¸Ÿ¸¸š¸¸›¸ (`  ˆÅ£¸½”õ Ÿ¸Ê)
Reconciliation in the Net Liability recognized in the Balance Sheet (`  in Crore)

ÇÅ. œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸‡¿ „œ¸™¸›¸ ¡¸¸½]¸›¸¸‡¿ Žº’Ã’ú ›¸ˆÅ™úˆÅ£µ¸

¬¸¿. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS LEAVE ENCASHMENT
S Particulars
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
N

1 œÏ¸£¿¢ž¸ˆÅ ¢›¸¨¸¥¸ ™½¡¸÷¸¸ 84.59 16.58 (23.57) 2.49 272.40 279.00

Opening Net Liability
2 ¢›¸š¸¸Ä¢£÷¸ ¨¡¸¡¸ Expense recognized 464.09 350.86 139.14 75.93 67.36 36.86

3 œÏ™î¸ ‚¿©¸™¸›¸/ ¥¸¸ž¸ (300.59) (282.85) (42.00) (102.00) (41.47) (43.46)

Contributions/Benefits paid

4 ¬¸Ÿ¸¸œ¸›¸ ¢›¸¨¸¥¸ ™½¡¸÷¸¸ 248.09 84.59 73.57 (23.57) 298.29 272.40

Closing Net Liability

VI. ¡¸¸½]¸›¸¸¤¸Ö ‚¸¦¬÷¸¡¸¸Ê œ¸£ ¨¸¸¬÷¸¢¨¸ˆÅ ‚¸¡¸ (`  ˆÅ£¸½”õ Ÿ¸Ê )

Actual Return on Plan Assets (`  in Crores)

œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸‡¿ „œ¸™¸›¸ ¡¸¸½]¸›¸¸‡¿

ÇÅ. ¬¸¿. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS
SN Particulars
31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 ¡¸¸½]¸›¸¸¤¸Ö ‚¸¦¬÷¸¡¸¸Ê œ¸£ ‚œ¸½¢®¸÷¸ ‚¸¡¸ 449.81 480.84 44.85 45.31
Expected return on plan assets
2 ¡¸¸½]¸›¸¸¤¸Ö ‚¸¦¬÷¸¡¸¸Ê œ¸£ ]¸ú¨¸›¸¸¿¢ˆÅˆÅ ¥¸¸ž¸ (í¸¢›¸) (9.74) (8.21) (3.87) (0.68)
Actuarial gain (loss) on plan assets
3 ¡¸¸½]¸›¸¸¤¸Ö ‚¸¦¬÷¸¡¸¸Ê œ¸£ ¨¸¸¬÷¸¢¨¸ˆÅ ‚¸¡¸ 440.07 472.63 40.98 44.63
Actual return on plan assets

113
 Annual Report 2020-21

VII. Ÿ¸»¥¸ ]¸ú¨¸›¸¸¿¢ˆÅˆÅ Ÿ¸¸›¡¸÷¸¸‡¿ (š¸¸¢£÷¸ ‚¸¾¬¸÷¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¡¸Æ÷¸)
Principal Actuarial Assumptions (expressed as weighted averages)

œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸‡¿ „œ¸™¸›¸ ¡¸¸½]¸›¸¸‡¿ Žº’Ã’ú ›¸ˆÅ™úˆÅ£µ¸

ÇÅ. ¬¸¿. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS LEAVE ENCASHMENT
SN Particulars
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020

1 ž¸¸¿¢]¸÷¸ ™£ Discount rate 6.71% 6.50% 6.96% 6.67% 6.96% 6.67%

2 ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ ‚œ¸½¢®¸÷¸ ‚¸¡¸ 7.46% 8.40% 8.01% 8.50% ¥¸¸Š¸» ›¸íì ¥¸¸Š¸» ›¸íì
Expected return on plan assets NA NA

3 ¨¸½÷¸›¸ ¨¸¼¢Ö ˆÅú ‚œ¸½¢®¸÷¸ ™£ 5.50% 5.50% 5.50% 5.50% 5.50% 5.50%
Expected rate of salary increases

Š¸. ‚›¡¸ ™ú‹¸¸Ä¨¸¢š¸ ¥¸¸ž¸ : C. Other Long Term Benefits:

(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

¥¸¸ž¸ ¨¸ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ Recognized in Profit &

ÇÅ. Loss Account
¢¨¸¨¸£µ¸ SN Particulars
¬¸¿.
31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 œ¸º›¸¬˜¸¸Äœ¸›¸ ž¸î¸¸ 0.00 0.46 1 Resettlement Allowance 0.00 0.46

2 Žº’Ã’ú ¢ˆÅ£¸¡¸¸ ¢£¡¸¸¡¸÷¸ 9.71 7.21 2 Leave Fare Concession 9.71 7.21

3 £]¸÷¸ ]¸¡¸¿÷¸ú œ¸º£¬ˆÅ¸£ 0.03 0.14 3 Silver Jubilee Award 0.03 0.14

Total 9.74 7.81

ˆºÅ¥¸ 9.74 7.81

114
Jeeef<e&keÀ efjHeesì& 2020-21

10.6 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 17 - ‰¸¿” ¢£œ¸¸½¢’ôŠ¸

Accounting Standard 17- Segment Reporting
¤¸ÿˆÅ ›¸½ ‚œ¸›¸½ œÏ¸˜¸¢Ÿ¸ˆÅ ¢£œ¸¸½’Ä ˆÅ£›¸½ ¡¸¸½Š¡¸ ®¸½°¸¸Ê ˆÅ¸ ‚¢ž¸¢›¸š¸¸Ä£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ¢ˆÅ¡¸¸ í¾ À
Bank has identified its primary reportable segments as under:

ž¸¸Š¸ ˆÅ : ¨¡¸¨¸¬¸¸¡¸ ®¸½°¸ (`  ˆÅ£¸½”õ Ÿ¸Ê)

Part A: Business segments (`  in crore)

¬¸¿¬˜¸¸Š¸÷¸/˜¸¸½ˆÅ ¤¸ÿ¢ˆ¿ÅŠ¸ ‚›¡¸ ¤¸ÿ¢ˆ¿ÅŠ¸ œ¸¢£\¸¸¥¸›¸

¨¡¸¨¸¬¸¸¡¸ ®¸½°¸ > ‰¸]¸¸›¸¸ ‰¸º™£¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ˆºÅ¥¸
Corporate/ Wholesale Other Banking
Business Segments > Treasury Retail Banking Total
Banking Operations

¢¨¸¨¸£µ¸ Particulars 2020-21 2019-20 2020-21 2019-20 2020-21 2019-20 2020-21 2019-20 2020-21 2019-20

£¸]¸¬¨¸ Revenue 5220.87 4984.18 3744.42 3702.54 5170.16 3825.10 358.36 632.85 14493.81 13144.66

œ¸¢£µ¸¸Ÿ¸ Result 1657.84 1260.03 (105.57) (1413.56) (629.80) (265.02) 308.64 158.13 1231.11 (260.42)

‚›¸¸¤¸¿¢’÷¸ ¨¡¸¡¸   0 0
Unallocated expenses
œ¸¢£\¸¸¥¸›¸ ¥¸¸ž¸   1231.11 (260.42)
Operating profit
ˆÅ£ ‚¸¬˜¸¢Š¸÷¸ ˆÅ£¸Ê ¬¸¢í÷¸   680.86 (649.00)
Taxes including deferred taxes
‚¬¸¸š¸¸£µ¸ ¥¸¸ž¸ / í¸¢›¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸
Extraordinary profit/ loss Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil
¢›¸¨¸¥¸ ¥¸¸ž¸ Net profit   550.25 388.58

‚›¡¸ ]¸¸›¸ˆÅ¸¢£¡¸¸¿ : Other Information:

®¸½°¸ ‚¸¦¬÷¸¡¸¸¿ Segment assets 74885.33 64498.34 68381.15 54698.89 36651.23 34620.44 12099.09 11446.15 192016.80 165263.82

‚›¸¸¤¸¿¢’÷¸ ‚¸¦¬÷¸¡¸¸¿   4648.21 3603.36

Unallocated assets

ˆºÅ¥¸ ‚¸¦¬÷¸¡¸¸¿ Total assets   196665.01 168867.18

®¸½°¸ ™½¡¸÷¸¸‡¿ Segment liabilities 73629.74 63594.78 64502.50 51836.70 34473.25 32725.61 11282.12 9954.81 183887.61 158111.90

‚›¸¸¤¸¿¢’÷¸ ™½¡¸÷¸¸‡¿   644.22 0.00

Unallocated liabilities
œ¸»¿]¸ú ‚¸¾£ ‚›¡¸ ‚¸£¢®¸¢÷¸¡¸¸¿   12133.18 10755.28
Capital & Other Reserves

ˆºÅ¥¸ ™½¡¸÷¸¸‡¿ Total liabilities   196665.01 168867.18

ˆÅ) ‰¸]¸¸›¸¸ ®¸½°¸ Ÿ¸Ê ¢›¸¨¸½©¸, ž¸¸£÷¸ ˆ½Å ¤¸¸í£ ˆ½Å ¤¸ÿˆÅ¸Ê Ÿ¸Ê ©¸½«¸, ¢›¸¨¸½©¸¸Ê œ¸£ „œ¸¢\¸÷¸ ¤¡¸¸]¸
‚¸¾£ „›¸¬¸½ í¸½›¸½ ¨¸¸¥¸ú ¬¸¿¤¸¿¢š¸÷¸ ‚¸¡¸ ©¸¸¢Ÿ¸¥¸ íÿ—
‰¸) ¬¸¿¬˜¸¸Š¸÷¸ /˜¸¸½ˆÅ ¤¸ÿ¢ˆ¿ÅŠ¸ ®¸½°¸¸Ê Ÿ¸Ê ›¡¸¸¬¸¸Ê, ž¸¸Š¸ú™¸£ú ûÅŸ¸¸½Ä, ˆÅŸœ¸¢›¸¡¸¸Ê, ¬¸¸¿¢¨¸¢š¸ˆÅ
¢›¸ˆÅ¸¡¸¸Ê ‚¸¾£ ¨¸¾¡¸¢Æ÷¸ˆÅ ˆÅ¸½ œÏ™î¸ ¬¸ž¸ú ‚¢ŠÏŸ¸ ©¸¸¢Ÿ¸¥¸ íÿ ¢]¸›íÊ ‰¸º™£¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ®¸½°¸¸Ê
Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
Š¸) ‰¸º™£¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ®¸½°¸¸Ê Ÿ¸Ê ¬¸¿¬˜¸¸/ ¬¸¿¤¸¿¢š¸÷¸ ˆÅ¸½ ¢¨¸Š¸¸½œ¸›¸ ©¸¸¢Ÿ¸¥¸ í¾ ]¸í¸¿
i) ˆºÅ¥¸ ‚¸¾¬¸÷¸ ¨¸¸¢«¸ÄˆÅ œ¸µ¡¸¸¨¸÷¸Ä ` 50.00 ˆÅ£¸½”õ ¬¸½ ˆÅŸ¸ í¾ ‚¸¾£
a) Treasury segment includes Investment, balances with Banks
outside India, Interest accrued on investments and related
income therefrom.
b) Corporate/Wholesale Banking Segments include all advances
to trusts, partnership firms, companies, statutory bodies and
individuals etc. which are not included in Retail Banking
Segments.
c) Retail Banking Segments include exposure to entity/concern
where

ii) ‡ˆÅ œÏ¢÷¸œ¸®¸ Ÿ¸Ê ¢ˆÅ¡¸¸ Š¸¡¸¸ ˆºÅ¥¸ ¢›¸¨¸½©¸ ¤¸ÿˆÅ ˆ½Å ¬¸Ÿ¸ŠÏ ‰¸º™£¸ ¬¸¿¢¨¸ž¸¸Š¸ ˆ½Å
0.2% ¬¸½ ‚¢š¸ˆÅ ›¸íú¿ í¾ ‚¸¾£
iii) ‡ˆÅ œÏ¢÷¸œ¸®¸ Ÿ¸Ê ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¢š¸ˆÅ÷¸Ÿ¸ ¬¸Ÿ¸ŠÏ ¢›¸¨¸½©¸ ` 5.00 ˆÅ£¸½”õ ÷¸ˆÅ
í¾—
‹¸) ‚›¡¸ ¤¸ÿ¢ˆ¿ÅŠ¸ œ¸¢£\¸¸¥¸›¸¸Ê ˆ½Å ®¸½°¸ Ÿ¸Ê ‡½¬¸½ ¬¸ž¸ú ‚›¡¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¨¡¸¨¸í¸£ ©¸¸¢Ÿ¸¥¸ íÿ ¢]¸›íÊ
„œ¸¡¸ºÄÆ÷¸ ®¸½°¸¸Ê ˆ½Å ‚›÷¸Š¸Ä÷¸ ©¸¸¢Ÿ¸¥¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
Œ) ¤¡¸¸]¸ ‚¸¡¸ ˆÅ¸½ ˜¸¸½ˆÅ ¤¸ÿ¢ˆ¿ÅŠ¸ œ¸¢£\¸¸¥¸›¸ ¬¸½ œÏ¸œ÷¸ ¨¸¸¬÷¸¢¨¸ˆÅ ¤¡¸¸]¸ ˆ½Å ‚¸š¸¸£ œ¸£
‚¸¨¸¿¢’÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ˜¸¸½ˆÅ ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ½Å ¢¥¸‡ œÏ¸œ÷¸ ˆºÅ¥¸ ¤¡¸¸]¸ ˆÅ¸½ ¢£’½¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸
œ¸¢£\¸¸¥¸›¸ Ÿ¸Ê ¥¸½ ¢¥¸¡¸¸ ]¸¸÷¸¸ í¾—
i. Total average annual turnover less than ` 50.00 crore and
ii. Aggregate exposure to one counterparty does not exceed
0.2% of the overall retail port-folio of the Bank and
iii. The maximum aggregated retail exposure to one
counterpart is up to ` 5.00 crore.
d) Other Banking Operations segment includes all other banking
transaction not covered under segments, specified above.
e) The interest income is allocated on the basis of actual interest
received from wholesale banking operations. The total interest
received less interest of wholesale banking is taken to retail
banking operations.

115
 Annual Report 2020-21

\¸) ˜¸¸½ˆÅ ¤¸ÿ¢ˆ¿ÅŠ¸ / ¢£’½¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸½Š¸Ÿ¸Ê’ ׸£¸ ‚¢]¸Ä÷¸ ¤¡¸¸]¸ ‚¸¡¸ ˆ½Å ‚¸š¸¸£ œ¸£ ¬¸úš¸½
™½¡¸ ›¸íú¿ ¢ˆÅ‡ Š¸‡ ¨¡¸¡¸ ˆÅ¸ ‚¸¨¸¿’›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ’ï½]¸£ú œ¸¢£\¸¥¸›¸¸Ê ˆ½Å ‰¸\¸Ä
’ï½]¸£ú œ¸¢£\¸¥¸›¸ ¬¸½ „œ¸¥¸¤š¸ ¢¨¸¨¸£µ¸ ˆ½Å ‚›¸º¬¸¸£ íÿ
Ž) œÏ÷¡¸½ˆÅ ‰¸¿” ˆ½Å ¢¥¸‡ ¢›¸¡¸¸½¢]¸÷¸ œ¸»¿]¸ú ˆÅ¸½ ¬¸¿¤¸¿¢š¸÷¸ ‰¸¿” ˆÅú ¬¸¿œ¸¢î¸ ˆ½Å ‚›¸ºœ¸¸÷¸ Ÿ¸Ê
‚¸¨¸¿¢’÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
f) Expenses not directly attributable are allocated on the basis
of Interest income earned by the wholesale banking / retail
banking segment. Expenses of treasury operations are as per
the details available from treasury operations.
g) Capital employed for each segment has been allocated
proportionate to the assets of the respective segment.

ž¸¸Š¸ ‰¸À ž¸¸¾Š¸¸½¢¥¸ˆÅ ®¸½°¸ Part B: Geographical Segment

Since the operations of the Bank are within India only, Geographical
\¸»Â¢ˆÅ ¤¸ÿˆÅ ˆ½Å œ¸¢£\¸¸¥¸›¸ ˆ½Å¨¸¥¸ ž¸¸£÷¸ ˆ½Å ž¸ú÷¸£ í¸½÷¸½ íÿ ‚÷¸À ž¸¸¾Š¸¸½¢¥¸ˆÅ ®¸½°¸ ¥¸¸Š¸» ›¸íú¿ í¾— Segment is not applicable.
10.7 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 18- ¬¸¿¤¸¿¢š¸÷¸ œ¸®¸ œÏˆÅ’›¸ 10.7 Accounting Standard 18 – Related party disclosures
ƒ¬¸ ¬¸¿¤¸¿š¸ Ÿ¸Ê ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ The details in this regard are as under:
1. ¬¸¿¤¸¿¢š¸÷¸ œ¸®¸¸Ê ˆÅ¸ ›¸¸Ÿ¸ ‚¸¾£ „›¸ˆ½Å ¬¸¿¤¸¿š¸À 1. Name of the Related Parties and their relationship:
(ˆÅ) ¤¸ÿˆÅ ˆÅú ‚›¸º«¸¿Š¸ú ˆ¿Åœ¸›¸ú À ¢™ Ÿ¸í¸£¸«’ï ‡¦Æ]¸Æ¡¸»’£ ‡¿” ’﬒ú ˆ¿Åœ¸›¸ú (a) Subsidiary of the Bank –The Maharashtra Executor &
œÏ¸.¢¥¸. Trustee Co. Pvt. Limited
(‰¸) ¤¸ÿˆÅ ˆÅú ¬¸í¸¡¸ˆÅ ¬¸¿¬˜¸¸ À Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ (b) Associate of the Bank – Maharashtra Gramin Bank
(Š¸) Ÿ¸í÷¨¸œ¸»µ¸Ä œÏ¤¸¿š¸ˆÅú¡¸ ˆÅ¸¢Ÿ¸ÄˆÅ (c) Key Management Personnel-
(`  ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

Ÿ¸¸›¸™½¡¸ Remuneration
S.N. Name Designation
‚›¸º ÇÅ ›¸¸Ÿ¸ œ¸™ 2020-21 2019-20
2020-21 2019-20 1 Shri A S Rajeev MD & CEO 0.30 0.29
œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ Shri Hemant Executive
1 ªú ‡. ‡¬¸ £¸]¸ú¨¸ 0.30 0.29 2 0.26 0.25
¬¸úƒÄ‚¸½ Kumar Tamta Director
2 ªú í½Ÿ¸¿÷¸ ˆºÅŸ¸¸£ ’Ÿ’¸ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ 0.26 0.25 Executive
Shri Nageswara
ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ 3 Director (till 0.23 –
3 ªú ›¸¸Š¸½æ¸£ £¸¨¸ ¨¸¸ƒÄ 0.23 - Rao Y
(21.01.2021 ÷¸ˆÅ) 21.01.2021)
Executive
ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ Shri A. B.
4 ªú ‡. ¤¸ú. ¢¨¸]¸¡¸ˆºÅŸ¸¸£ 0.02 - 4 Director (from 0.02 –
(10.03.2021 ¬¸½) Vijayakumar
10.03.2021)
Ÿ¸º‰¡¸ ¢¨¸î¸ú¡¸ ‚¢š¸ˆÅ¸£ú Chief Financial
(¬¸ú‡ûÅ‚¸½) ¨¸ Officer (CFO) &
Shri V P
5 ªú ¨¸ú. œ¸ú. ªú¨¸¸¬÷¸¨¸ Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¢¨¸œÏ ¨¸ 0.06 0.25 5
Srivastava
General Manager, 0.06 0.25
¥¸½‰¸¸ (16.06.2020 FM&A (till
÷¸ˆÅ) 16.06.2020)
Chief Financial
Ÿ¸º‰¡¸ ¢¨¸î¸ú¡¸ ‚¢š¸ˆÅ¸£ú
Officer (CFO) &
ªú œÏ©¸¸¿÷¸ ‚¸£. (¬¸ú‡ûÅ‚¸½) ¨¸ 6
Shri Prashant R.
General Manager, 0.26 –
6 0.26 - Khatawkar
‰¸’¸¨¸ˆÅ£ Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¢¨¸œÏ ¨¸ ¥¸½‰¸¸ FM&A (from
(17.06.2020 ¬¸½) 17.06.2020)
Total 1.13 0.79 Total 1.13 0.79

›¸¸½’ À Ÿ¸º‰¡¸ œÏ¤¸¿š¸›¸ ˆÅ¢Ÿ¸Ä¡¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ¬¸ú‡ûÅ‚¸½ ˆÅ¸ œÏˆÅ’›¸ ‚¸£¤¸ú‚¸ƒÄ ׸£¸ ¨¸«¸Ä 2018-19 ˆ½Å ¢¥¸‡
‚œ¸›¸ú ]¸¸½¢‰¸Ÿ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢£œ¸¸½’Ä Ÿ¸Ê ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
2. ¬¸¿¤¸¿¢š¸÷¸ œ¸®¸¸Ê ¬¸½ ¬¸¿¨¡¸¨¸í¸£
¬¸¿¤¸¿¢š¸÷¸ œ¸®¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¢ˆÅ¬¸ú ž¸ú œÏˆÅ’úˆÅ£µ¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ ›¸íú¿ í¾, ]¸¸½ ¢ˆÅ ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ
(‡‡¬¸ 18) ˆ½Å ‚›¸º\Ž½™ 9 ˆ½Å ‚›¸º¬¸¸£ ``£¸]¡¸ ¢›¸¡¸¿¢°¸÷¸ „Ô¸Ÿ¸'' íÿ— ‡‡¬¸ 18 ˆ½Å œ¸¾£¸ 5 ˆ½Å
¬¸¿™ž¸Ä Ÿ¸Ê, ¤¸ÿˆÅ£-ŠÏ¸íˆÅ ¬¸¿¤¸¿š¸ ˆ½Å ¬¨¸³Åœ¸ Ÿ¸Ê ¬¸¿¨¡¸¨¸í¸£ ˆÅ¸ œÏˆÅ’›¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, ¢]¸›¸Ÿ¸Ê
œÏŸ¸º‰¸ œÏ¤¸¿š¸›¸ ˆÅ¸¢Ÿ¸ÄˆÅ ‚¸¾£ œÏŸ¸º‰¸ œÏ¤¸¿š¸›¸ ˆÅ¸¢Ÿ¸ÄˆÅ ˆ½Å ¢£©÷¸½™¸£ ©¸¸¢Ÿ¸¥¸ íÿ—
10.8 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ-19 - œ¸’Ã’¸
¢¨¸î¸ú¡¸ œ¸’Ã’¸ :
œ¸’Ã’¸ ¢]¸¬¸ˆ½Å ÷¸í÷¸ ¤¸ÿˆÅ ¬¨¸¸¢Ÿ¸÷¨¸ ˆ½Å ¬¸ž¸ú ]¸¸½¢‰¸Ÿ¸¸Ê ‚¸¾£ ¥¸¸ž¸¸Ê ˆÅ¸½ ˆÅ¸ûÅú í™ ÷¸ˆÅ Ÿ¸¸›¸÷¸¸ í¾,
„›íÊ ¢¨¸î¸ú¡¸ œ¸’Ã’½ ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ‡½¬¸ú ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸½, ‚¸¦¬÷¸ ˆÅú „¢\¸÷¸
™£ œ¸£ ¡¸¸ œ¸’Ã’¸ ž¸ºŠ¸÷¸¸›¸ ˆ½Å ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¡¸ œ¸£ (™½¡¸ £¸¢©¸¡¸¸Ê ˆÅ¸ œ¸¢£©¸¸½š¸›¸ ˆ½Å œ¸ä¸¸÷¸), ]¸¸½
ž¸ú ˆÅŸ¸ í¸½, œ¸»Â]¸úˆ¼Å÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
œ¸¢£\¸¸¥¸›¸ œ¸’Ã’¸ :
¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ ˆÅ¸½ƒÄ Š¸¾£-¢›¸£¬÷¸ œ¸¢£\¸¸¥¸›¸ œ¸’Ã’½ ›¸íú¿ íÿ— ƒ¬¸¢¥¸‡ ‡‡¬¸
-19 ˆ½Å ÷¸í÷¸ ‚¢÷¸¢£Æ÷¸ œÏˆÅ’›¸ ¥¸¸Š¸» ›¸íú¿ í¾— œ¸’Ã’½ ˆÅú ‚¨¸¢š¸ ˆ½Å ¤¸¸™ ¥¸¸ž¸ ‚¸¾£ í¸¢›¸
ˆ½Å ¢¨¸¨¸£µ¸ Ÿ¸Ê ¬’ï½’ ¥¸¸ƒ›¸ ‚¸š¸¸£ œ¸£ œ¸¢£\¸¸¥¸›¸ œ¸’Ã’½ ˆ½Å ‚¿÷¸Š¸Ä÷¸ œ¸’Ã’¸ ž¸ºŠ¸÷¸¸›¸ ¨¡¸¡¸ ˆ½Å
³Åœ¸ Ÿ¸Ê Ÿ¸¸›¡¸ í¾— ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2019-20 ˆ½Å ¢¥¸‡ œ¸¢£\¸¸¥¸›¸ œ¸’Ã’¸Ê ˆ½Å ¢¥¸‡ ¥¸¸ž¸ ‚¸¾£ í¸¢›¸
‰¸¸÷¸½ Ÿ¸Ê œ¸’Ã’¸ ž¸ºŠ¸÷¸¸›¸ ˆÅú £¸¢©¸ ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ `162.42 ˆÅ£¸½”õ (¢œ¸Ž¥¸½ ¨¸«¸Ä
`152.65 ˆÅ£¸½”õ) í¾—
Note: The disclosure of CFO as key management personnel has been
made as advised by RBI in its risk assessment report for the year 2018-19.
2. Transactions with Related parties
No disclosure is required in respect of related parties, which
are “State Controlled Enterprises” as per paragraph no 9 of
Accounting Standard (AS 18). Further in terms of paragraph 5 of
AS 18, transactions in the nature of Banker-Customer relationship
have not been disclosed including those with Key Management
Personnel and relatives of Key Management Personnel.
10.8 Accounting Standard 19 - Leases
Finance Leases:
Lease under which the Bank assumes substantially all the risks and
rewards of ownership are classified as finance leases. Such assets
acquired are capitalized at fair value of the asset or present value of
the lease payments (after due amortization), whichever is lower.
Operating Leases:
Bank has no non-cancellable Operating Leases during Financial
Year. Hence additional disclosure under AS-19 is not applicable.
The Lease payments under operating leases are recognized as an
expense on straight line basis in Profit and Loss over the lease term.
Amount of lease payments recognized in the Profit and Loss Account
for operating leases amount to ` 162.42 crore for the year 2020-21
(Previous year ` 152.65 crore).

116
Jeeef<e&keÀ efjHeesì& 2020-21

10.9 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ-20 - œÏ¢÷¸ ©¸½¡¸£ ‚]¸Ä›¸ 10.9 Accounting Standard 20- Earnings per Share

Particulars 31.03.2021 31.03.2020

¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
Basic E.P.S. ` 0.88 ` 0.67
Ÿ¸»¥¸ ƒÄ.œ¸ú.‡¬¸. ` 0.88 ` 0.67
Diluted E.P.S. ` 0.88 ` 0.67
‚›¸ºˆ¼Å÷¸ ƒÄ.œ¸ú.‡¬¸. ` 0.88 ` 0.67 Calculation of Basic /Diluted EPS
Ÿ¸»¥¸ / ‚›¸ºˆ¼Å÷¸ ƒÄ.œ¸ú.‡¬¸. ˆÅú Š¸µ¸›¸¸ a) Net Profit after Tax (in Lakhs) 55025 38858
ˆÅ) ˆÅ£ „œ¸£¸¿÷¸ ¢›¸¨¸¥¸ ¥¸¸ž¸ (`  ¥¸¸‰¸ Ÿ¸Ê) 55025 38858 b) Weighted Average number of
62536 58165
Equity Shares (in Lakhs)
‰¸) ƒÄ¦Æ¨¸’ú ©¸½¡¸£¸Ê ˆÅú ž¸¸¢£÷¸ ‚¸¾¬¸÷¸ ¬¸¿‰¡¸¸ (¬¸¿‰¡¸¸ ¥¸¸‰¸ Ÿ¸Ê) 62536 58165 c) Basic Diluted Earnings per share
` 0.88 ` 0.67
Š¸) œÏ¢÷¸ ©¸½¡¸£ Ÿ¸»¥¸ ‚]¸Ä›¸ [(ˆÅ) ¢¨¸ž¸¸¢]¸÷¸ (‰¸) ׸£¸] ` 0.88 ` 0.67 [(a) divided by (b)]

‹¸) œÏ¢÷¸ ©¸½¡¸£ ‚¢ž¸¢í÷¸ Ÿ¸»¥¡¸ ` 10.00 ` 10.00

d) Nominal Value per Share ` 10.00 ` 10.00

10.10 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 21 - ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸
¬¸í¸¡¸ˆÅ ˆ¿Åœ¸›¸ú ‚˜¸¸Ä÷¸ Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ ˆ½Å œ¸¢£µ¸¸Ÿ¸¸Ê ˆÅ¸½ Ÿ¸»¥¸ ¤¸ÿˆÅ ‚¸¾£ ‚›¸º«¸¿Š¸ú ‚˜¸¸Ä÷¸
Ÿ¸í¸£¸«’ï ‡¦Æ]¸Æ¡¸»’£ ‡¿” ’﬒ú ˆ¿Åœ¸›¸ú œÏ¸.¢¥¸. ˆ½Å œ¸¢£µ¸¸Ÿ¸¸Ê Ÿ¸Ê ÇÅŸ¸©¸À ¥¸½‰¸¸¿ˆÅ›¸ Ÿ¸¸›¸ˆÅ 23
‚¸¾£ ¥¸½‰¸¸¿ˆÅ›¸ Ÿ¸¸›¸ˆÅ 21 ˆ½Å ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê ¬¸Ÿ¸½¢ˆÅ÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
10.11 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 22 - ‚¸¡¸ œ¸£ ˆÅ£¸Ê í½÷¸º ¥¸½‰¸¸¿ˆÅ›¸
¤¸ÿˆÅ ׸£¸ ˆÅú Š¸ƒÄ Š¸í›¸ œ¸º›¸£ú®¸¸ ‚¸¾£ ž¸¢¨¸«¡¸ ˆÅú ˆÅ£¡¸¸½Š¡¸ ‚¸¡¸, ¢]¸¬¸ˆ½Å ¬¸Ÿ¸®¸ ¬¸¿\¸¡¸ú
í¸¢›¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ ˆ½Å ˆÅ¸£µ¸ ¬¸Ÿ¸¡¸ ‚¿÷¸£¸¥¸ „÷œ¸››¸ í¸½÷¸½ íÿ, ˆÅú „œ¸¥¸¤š¸÷¸¸ ˆÅú
„¢\¸÷¸ ¢›¸¢ä¸÷¸÷¸¸ ˆ½Å ‚¸š¸¸£ œ¸£ ‰¸£¸¤¸ ¨¸ ¬¸¿™½í¸¬œ¸™ †µ¸¸Ê (‡›¸œ¸ú‡), ˆÅŸ¸Ä\¸¸£ú ¥¸¸ž¸¸Ê
ƒ÷¡¸¸¢™ ˆÅ¸½ ¨¸¬¸»¥¸¸ ]¸¸ ¬¸ˆÅ÷¸¸ í¾, ¤¸ÿˆÅ ›¸½ ‡‡¬¸ 22 ˆÅ¸ œ¸¸¥¸›¸ ˆÅ£÷¸½ íº‡ ˆÅ£ ˆÅ¸
¥¸½‰¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ í¾— ÷¸™›¸º¬¸¸£, ‚¸¬˜¸¢Š¸÷¸ ˆÅ£-‚¸¦¬÷¸¡¸¸¿ ‚¸¾£ ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ™½¡¸÷¸¸‡Â
¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ À
(`  ˆÅ£¸½” Ÿ¸Ê)
10.10 
Accounting Standard 21 – Consolidated Financial
Statements
The financial results of the Associate viz. Maharashtra Gramin Bank
and subsidiary viz. Maharashtra Executor & Trustee Company Private
Limited have been consolidated with the parent bank in compliance with
Accounting Standard 23 and Accounting Standard 21 respectively.
10.11 Accounting Standard 22 – Accounting for Taxes on Income
Based on the review by the bank and on reasonable certainty of
availability of future taxable income against which timing differences
arising on account of provision for accumulated losses, Bad & Doubtful
Debts (NPA), employee benefits etc. can be realized, the bank has
accounted for taxes on income in compliance with AS 22. Accordingly,
Deferred Tax Assets and Deferred Tax Liabilities are as under:
(`  in Crores)

¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 Particulars 31.03.2021 31.03.2020

‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸¿ Deferred Tax Assets
1) ¬¸¿¢\¸÷¸ í¸¢›¸¡¸¸Ê ˆ½Å ˆÅ¸£µ¸ * 859.91 929.79 1) On account of Accumulated Losses* 859.91 929.79
2) ˆÅŸ¸Ä\¸¸£ú ‚›¸º¥¸¸ž¸ í½÷¸º œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê 207.65 201.25 2) On account of provisions for Employees
207.65 201.25
3) ‚›¡¸ œÏ¸¨¸š¸¸›¸ ]¸í¸¿ ”ú’ú‡ ¤¸›¸¸¡¸¸ Š¸¡¸¸ í¾. 1857.79 2279.72 benefits
3) Other Provisions where DTA is created 1857.79 2279.72
4) ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê œ¸£ Ÿ¸»¥¡¸Ý¸¬¸ ˆ½Å ˆÅ¸£µ¸ 0.00 74.57
4) On account of depreciation on fixed assets 0.00 74.57
„œ¸ ]¸¸½”õ (ˆÅ) 2925.35 3485.33 Sub-Total (A) 2925.35 3485.33
‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ™½¡¸÷¸¸ Deferred Tax Liability
1) š¸¸£¸ 36(1)(viii) ˆ½Å ‚›÷¸Š¸Ä÷¸ ¢¨¸©¸½«¸ œÏ¸£¢®¸÷¸ 1) On account of Special Reserve u/s 36(1)
17.24 173.35 17.24 173.35
¢›¸¢š¸ ˆ½Å ³Åœ¸ Ÿ¸Ê (viii)
„œ¸ ]¸¸½” (‰¸) 17.24 173.35 Sub-Total (B) 17.24 173.35
¢›¸¨¸¥¸ ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸ (ˆÅ-‰¸) 2908.11 3311.98 Net Deferred Tax Asset (A-B) 2908.11 3311.98
* ¤¸ÿˆÅ ›¸½ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ³Åœ¸ Ÿ¸½¿ ` 200 ˆÅ£¸½”õ ˆ½Å ¬¸¿¢\¸÷¸ ‹¸¸’½ œ¸£ ”ú’ú‡ í¸½›¸½ ˆ½Å ›¸¸÷¸½ *The bank as a matter of prudence reversed an amount of ` 69.88
`  69.88 ˆÅ£¸½”õ ˆÅú £¸¢©¸ ˆÅ¸½ œÏ÷¡¸¸¨¸÷¸úÄ÷¸ ˆÅú— Crore being the DTA on accumulated losses of ` 200 Crore.

10.12 Accounting Standard -24- Discontinuing Operations

10.12 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 24 - œ¸¢£\¸¸¥¸›¸¸Ê ˆÅ¸ ¬¸Ÿ¸¸œ¸›¸
¤¸ÿˆÅ ›¸½ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ‚œ¸›¸ú ¢ˆÅ¬¸ú ž¸ú ¨¡¸¨¸¬¸¸¡¸ Š¸¢÷¸¢¨¸¢š¸¡¸¸Ê/œ¸¢£\¸¸¥¸›¸¸Ê
ˆÅ¸ ¬¸Ÿ¸¸œ¸›¸ ›¸íú¿ ¢ˆÅ¡¸¸ ¢]¸¬¸ˆÅ¸ œ¸¢£µ¸¸Ÿ¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅú ¨¸¬¸»¥¸ú ÷¸˜¸¸ ™½¡¸÷¸¸‚¸Ê ˆÅ¸ ¢›¸œ¸’¸›¸
£í¸ í¾ ‚¸¾£ ‚œ¸›¸ú ¬¸Ÿ¸ŠÏ÷¸¸ Ÿ¸Ê ¨¡¸¨¸¬¸¸¡¸ Š¸¢÷¸¢¨¸¢š¸ ˆ½Å ¬¸Ÿ¸¸œ¸›¸ ˆÅ¸½ ‚¿¢÷¸Ÿ¸ ³Åœ¸ ™½›¸½ ˆÅ¸ ˆÅ¸½ƒÄ
¢›¸µ¸Ä¡¸ ›¸íú¿ ¢¥¸¡¸¸ Š¸¡¸¸ ¢]¸¬¸ˆÅ¸ „Æ÷¸ œÏž¸¸¨¸ œ¸”õ½Š¸¸—
The Bank, during the financial year 2020-21, has not discontinued
any of its business activities/ operations which resulted in discharging
of liabilities and realization of the assets and no decision has been
finalized to discontinue a business activity in its entirety which will
have the above effects.

10.13 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 26 - ‚Ÿ¸»÷¸Ä ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸ 10.13 Accounting Standard 26 - Accounting for Intangible Assets

ˆÅŸœ¡¸»’£ ¬¸¸ÁÉ’¨¸½¡¸£ - ‚¸¿÷¸¢£ˆÅ ³Åœ¸ ¬¸½ ¢›¸¢Ÿ¸Ä÷¸ ˆ½Å ‚¢÷¸¢£Æ÷¸À Computer Software – other than internally generated:
Useful life - 3 years.
„œ¸¡¸¸½Š¸ ‚¨¸¢š¸ - 3 ¨¸«¸Ä
Amortization Rate - 33.33 %
œ¸¢£©¸¸½š¸›¸ ™£ - 33.33% Amortization Method - Straight line at cost
œ¸¢£©¸¸½š¸›¸ œ¸š™¢÷¸ - ¥¸¸Š¸÷¸ œ¸£ ¬¸£¥¸ £½‰¸¸ œ¸Ö¢÷¸ (` ˆÅ£¸½”õ Ÿ¸Ê) (`  in Crore)

¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020 Particulars 31.03.2021 31.03.2020

¨¸«¸Ä ˆ½Å ‚¸£¿ž¸ Ÿ¸Ê ¬¸¸ÁÉ’¨¸½¡¸£ 24.01 42.21 Software at the beginning of the year 24.01 42.21
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢¥¸¡¸½ Š¸¡¸½ ¬¸¸ÁÉ’¨¸½¡¸£ 31.25 13.61 Software acquired during the year 31.25 13.61
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸¢£©¸¸½š¸›¸ 22.02 31.81 Amortization during the year 22.02 31.81
¨¸«¸Ä ˆÅú ¬¸Ÿ¸¸¦œ÷¸ œ¸£ ‚¸Š¸½ ¥¸½ ]¸¸ƒÄ Š¸ƒÄ ¢›¸¨¸¥¸ £¸¢©¸ 33.24 24.01 Net carrying amount at the end of the year 33.24 24.01

117
 Annual Report 2020-21

10.14 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 28 - ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ‚›¸]¸ÄˆÅ í¸½›¸¸ 10.14 Accounting Standard 28- Impairment of Assets
Assets are reviewed for impairment at the end of the year whenever
]¸¤¸ ž¸ú ˆÅ¸½ƒÄ ‹¸’›¸¸ ¡¸¸ œ¸¢£¦¬˜¸¢÷¸¡¸¸Ê Ÿ¸Ê œ¸¢£¨¸÷¸Ä›¸ í¸½÷¸¸ í¾ ¢ˆÅ ¢ˆÅ¬¸ú ¬¸¿œ¸¢î¸ ˆÅú ¨¸í›¸ £¸¢©¸ events or changes in circumstances warrant that the carrying amount
¨¸¬¸»¥¸ú ¡¸¸½Š¡¸ ›¸íú¿ í¸½ ÷¸¸½ œ¸¢£¬¸¿œ¸¢î¸¡¸¸Ê ˆÅú ¨¸«¸Ä ˆÅú ¬¸Ÿ¸¸œ÷¸ú œ¸£ ¬¸Ÿ¸ú®¸¸ ˆÅú ]¸¸÷¸ú í¾— ¢ˆÅ¬¸ú of an asset may not be recoverable. Recoverability of an asset to be
œ¸¢£¬¸¿œ¸¢î¸ ˆÅú ¨¸¬¸»¥¸ú ‚¸¾£ „œ¸¡¸¸½Š¸ ˆÅú ]¸¸›¸½ ¨¸¸¥¸ú œ¸¢£¬¸¿œ¸¢î¸ ž¸¢¨¸«¡¸ ˆÅú ¢›¸¨¸¥¸ ¢£¡¸¸¡¸÷¸ú held and used is measured by a comparison for the carrying amount of
›¸ˆÅ™ú œÏ¨¸¸í ˆ½Å ¢¥¸‡ ‡ˆÅ œ¸¢£¬¸¿œ¸¢î¸ ˆÅú ¨¸í›¸ £¸¢©¸ ˆ½Å ¢¥¸‡ ‡ˆÅ ÷¸º¥¸›¸¸ ׸£¸ Ÿ¸¸œ¸¸ ]¸¸÷¸¸ í¾ an asset to future net discounted cash flows expected to be generated
]¸¸½ ¬¸¿œ¸¢î¸ ׸£¸ „÷œ¸››¸ í¸½›¸¸ ‚œ¸½¢®¸÷¸ í¾— ¡¸¢™ ƒ¬¸ ÷¸£í ˆÅú ¬¸¿œ¸¢î¸ ˆÅ¸½ ‚›¸]¸ÄˆÅ Ÿ¸¸›¸¸ ]¸¸÷¸¸ by the asset. If such an asset is considered to be impaired, the
í¾, ÷¸¸½ Ÿ¸¸›¡¸÷¸¸ œÏ¸œ÷¸ í¸½›¸½ ¨¸¸¥¸ú í¸¢›¸ ‚¸¾£ „¬¸ £¸¢©¸ ¬¸½ Ÿ¸¸œ¸ú ]¸¸÷¸ú í¾ ¢]¸¬¸ˆ½Å ׸£¸ œ¸¢£¬¸¿œ¸¢î¸ impairment to be recognized and is measured by the amount by which
ˆÅú ¨¸í›¸ £¸¢©¸ ¬¸¿œ¸¢î¸ ˆÅú ¨¸¬¸»¥¸ú ¡¸¸½Š¡¸ £¸¢©¸ ¬¸½ ‚¢š¸ˆÅ í¸½ ]¸¸÷¸ú í¾— í¸¥¸¸¿¢ˆÅ, ¤¸ÿˆÅ ˆ½Å œÏ¤¸¿š¸›¸ the carrying amount of the asset exceeds the recoverable amount of
the asset. However, in the opinion of the Bank’s Management, there
ˆÅú £¸¡¸ Ÿ¸Ê, ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸¢£¬¸¿œ¸¢î¸¡¸¸Ê ˆÅ¸½ ž¸¸¾¢÷¸ˆÅ í¸¢›¸ ˆÅ¸ ˆÅ¸½ƒÄ ¬¸¿ˆ½Å÷¸ ›¸íú¿ í¾, ¢]¸¬¸ œ¸£
is no indication of material impairment to the assets during the year to
¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 28 - ``‚¸¢¬÷¸ ˆÅ¸ ‚›¸]¸ÄˆÅ í¸½›¸¸'' ¥¸¸Š¸» í¸½÷¸¸ í¾— which Accounting Standard 28 - “Impairment of Assets” applies.
10.15 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 29 - œÏ¸¨¸š¸¸›¸, ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸‡¿ ‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ 10.15 Accounting Standard 29- Provisions, Contingent Liabilities
‚¸¦¬÷¸¡¸¸¿ and Contingent Assets
¨¸«¸Ä ˆ½Å ‚¿÷¸ ÷¸ˆÅ †µ¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¬¨¸úˆÅ¸£ ›¸ ¢ˆÅ‡ Š¸‡ ¤¸ÿˆÅ ˆ½Å ¢‰¸¥¸¸ûÅ ™¸¨¸½ Claim against the bank not acknowledged as debt on year end
(` ˆÅ£¸½”õ Ÿ¸Ê) (` in Crore)
ª½µ¸ú 2020-21 2019-20 Category 2020-21 2019-20
¤¸ˆÅ¸¡¸¸ ©¸½«¸ 385.54 383.72 Balance Outstanding 385.54 383.72
š¸¸¢£÷¸ œÏ¸¨¸š¸¸›¸ 1.99 2.18 Provision Held 1.99 2.18

11. †µ¸¸Ê ‚¸¾£ ‚¢ŠÏŸ¸¸Ê Ÿ¸Ê š¸¸½‰¸¸š¸”õú ˆ½Å Ÿ¸¸Ÿ¸¥¸½ í½÷¸º œÏ¸¨¸š¸¸›¸ 11 Provision for fraud cases in loans and advances:
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¤¸ÿˆÅ¸Ê ˆÅ¸½ ]¸¸¥¸¬¸¸]¸ú ˆÅú œ¸í\¸¸›¸ ˆ½Å ¢™›¸¸¿ˆÅ In terms of RBI guidelines, the banks are permitted to amortize the
¬¸½ ‚¸£¿ž¸ ˆÅ£ˆ½Å 4 ¢÷¸Ÿ¸¸¢í¡¸¸Ê Ÿ¸Ê ]¸¸¥¸¬¸¸]¸ú ˆ½Å Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å œÏ¢÷¸ œÏ¸¨¸š¸¸›¸ ˆÅ¸ œ¸¢£©¸¸½š¸›¸ provision towards fraud cases in four quarters beginning from the date
of detection of fraud and where the provision is made in two different
ˆÅ£›¸½ ˆÅú ‚›¸ºŸ¸¢÷¸ í¾ ‚¸¾£ ]¸í¸¿ œÏ¸¨¸š¸¸›¸ ™¸½ ‚¥¸Š¸-‚¥¸Š¸ ¢¨¸î¸ú¡¸ ¨¸«¸¸½ô Ÿ¸Ê ¢ˆÅ‡ Š¸‡ í¸Ê
financial years, the unprovided amount has to be charged to Revenue
¨¸í¸¿ œÏ¸¨¸š¸¸›¸ ›¸ ˆÅú Š¸ƒÄ £¸¢©¸ ¬¸¿¤¸¿¢š¸÷¸ ¨¸«¸Ä ˆÅú ¬¸Ÿ¸¸¦œ÷¸ œ¸£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™›¸¸¿ˆÅ Reserve vide RBI circular DBR. No. BP.BC.92/21.04.048/2015-16
18.04.2016 ˆ½Å œ¸¢£œ¸°¸ ÇÅ. ”ú¤¸ú‚¸£.ÇÅ.¤¸úœ¸ú.¤¸ú¬¸ú.92/21.04.048/2015-16 ׸£¸ dated 18.04.2016 as on the relevant year end. The details of provisions
£¸]¸¬¨¸ ‚¸£¢®¸¢÷¸ ˆÅ¸½ œÏž¸¸¢£÷¸ ˆÅú ]¸¸›¸ú í¾— š¸¸½‰¸¸š¸”õú ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ׸£¸ ¢ˆÅ‡ Š¸‡ œÏ¸¨¸š¸¸›¸¸Ê for frauds made by bank are as under:
ˆÅ¸ ¢¨¸¨¸£µ¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À (`  in crore)
(`  ˆÅ£¸½”õ Ÿ¸Ê)
Up to the During the Up to the During the Quantum Quantum of
31.03.2021 31.03.2021 31.03.2021 31.03.2021 31.03.2021 31.03.2021 ˆÅ¸½ year ended quarter year ended quarter of provision amortised provision
ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆÅ¸½ £¸]¸¬¨¸ 31.03.2021 ended 31.03.2021 ending made during debited to “Revenue
÷¸ˆÅ (Ÿ¸¸Ÿ¸¥¸¸Ê ¢÷¸Ÿ¸¸íú ˆ½Å ÷¸ˆÅ (£¸¢©¸) ¢÷¸Ÿ¸¸íú ˆ½Å ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ ‚¸£¢®¸÷¸ú ˆÅ¸½ ›¸¸Ÿ¸½ (No. of 31.03.2021 (Amount) 31.03.2021 the year Re-serves” as at
ˆÅú ¬¸¿‰¡¸¸) ™¸¾£¸›¸ (Ÿ¸¸Ÿ¸¥¸¸Ê ™¸¾£¸›¸ (£¸¢©¸) Š¸‡ œÏ¸¨¸š¸¸›¸ ˆÅú œ¸¢£©¸¸½¢š¸÷¸ œÏ¸¨¸š¸¸›¸ Cases) (No. of of fraud (Amount) end-ed the year ended
ˆÅú ¬¸¿‰¡¸¸) Ÿ¸¸°¸¸ (£¸¢©¸) ˆÅú Ÿ¸¸°¸¸ (£¸¢©¸) Cases) of fraud 31.03.2021 31.03.2021 (Amount)
(Amount)
804 20 2321.91 335.93 2321.91 - 804 20 2321.91 335.93 2321.91 –
31.03.2021 ¨¸«¸Ä ˆÅú ¬¸Ÿ¸¸œ÷¸ú œ¸£, ¤¸ÿˆÅ ׸£¸ 31.03.2021 ÷¸ˆÅ ³Å.2321.91 ˆÅ£¸½”õ ˆ½Å As at the end of 31.03.2021, bank holds 100% provision for accounts
š¸¸½‰¸¸š¸”õú ˆ½Å ³Åœ¸ Ÿ¸Ê ‹¸¸½¢«¸÷¸ ‰¸¸÷¸¸Ê ˆ½Å ¢¥¸‡ 100% œÏ¸¨¸š¸¸›¸ £‰¸¸ í¾ ÷¸˜¸¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸¸ƒÄ declared as frauds of ` 2321.91 crores up to 31.03.2021 and there is
Š¸ƒÄ š¸¸½‰¸¸š¸¢”¡¸¸Ê ˆ½Å ¢¥¸‡ ˆÅ¸½ƒÄ ‚œ¸¢£©¸¸½¢š¸÷¸ œÏ¸¨¸š¸¸›¸ ›¸íú¿ í¾— nil amount of un-amortised provision for frauds detected during the
year.

118
Jeeef<e&keÀ efjHeesì& 2020-21

12. ƒ¿’ï¸-¬¸Ÿ¸»í ¢¨¸Š¸¸½œ¸›¸ ˆÅ¸ ¢¨¸¨¸£µ¸ (¢™›¸¸¿ˆÅ 11 ûÅ£¨¸£ú, 2014 ˆÅ¸ ž¸¸£÷¸ú¡¸ 12 Details of Intra-Group Exposure (RBI circular no. DB OD
No. BP. BC 6/21.06.102/2013-14 dated 11th Feb 2014
¢£{¸¨¸Ä ¤¸ÿˆÅ ˆÅ¸ ÇÅ.”ú¤¸ú ‚¸½”ú ÇÅ.¤¸úœ¸ú.¤¸ú¬¸ú6/21.06.102/2013-14)
As of As of
31.03.2021 31.03.2020 Sr.
ÇÅ. ¢¨¸¨¸£µ¸ Particulars 31.03.2021 31.03.2020
ˆ½Å ‚›¸º¬¸¸£ ˆ½Å ‚›¸º¬¸¸£ No.
(` in Crore) (` in Crore)
1 ¬¸½ „š¸¸¢£¡¸¸¿ (¡¸¢™ ˆÅ¸½ƒÄ í¸½) 1 Borrowings from (if any)
Maharashtra Gramin Bank
ˆÅ. Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ (‡Ÿ¸]¸ú¤¸ú) ©¸»›¡¸ ©¸»›¡¸ a. NIL NIL
(MGB)
Ÿ¸í¸£¸«’ï ‡¦Æ]¸Æ¡¸»’£ ’﬒ú ˆ¿Å. b.
Maharashtra Executor
NIL NIL
‰¸. ©¸»›¡¸ ©¸»›¡¸
Trustee Co (METCO)
(Ÿ¸½’ˆÅ¸½)
2 Lending’s to (if any)
2 ˆÅ¸½ „š¸¸£ (¡¸¢™ ˆÅ¸½ƒÄ í¸½)
Maharashtra Gramin Bank
a. 0.00* 13.50
ˆÅ. Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ (‡Ÿ¸]¸ú¤¸ú) 0.00* 13.50 (MGB)
Maharashtra Executor
Ÿ¸í¸£¸«’ï ‡¦Æ]¸Æ¡¸»’£ ’﬒ú ˆ¿Å. b. NIL NIL
‰¸. ©¸»›¡¸ ©¸»›¡¸ Trustee Co (METCO)
(Ÿ¸½’ˆÅ¸½)
3 Investment in (if any)
3 Ÿ¸Ê ¢›¸¨¸½©¸ (¡¸¢™ ˆÅ¸½ƒÄ í¸½) Maharashtra Gramin Bank
a. 83.38 83.38
ˆÅ. Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ (‡Ÿ¸]¸ú¤¸ú) 83.38 83 .38 (MGB)
Equity (incl Preference
i. ƒ¦Æ¨¸’ú (‚¢š¸Ÿ¸¸›¸ú ©¸½¡¸£¸Ê ¬¸¢í÷¸) 73.27 73.27 i. 73.27 73.27
shares)
ii. ¤¸¸Á›”/ ¢”¤¸Ê\¸£ 10 .11 10 .11 ii. Bonds /Debentures 10.11 10.11
iii Any other (specify)
iii ˆÅ¸½ƒÄ ‚›¡¸ („¥¥¸½‰¸ ˆÅ£Ê)
Maharashtra Executor
Ÿ¸í¸£¸«’ï ‡¦Æ]¸Æ¡¸»’£ ’﬒ú ˆ¿Å. b. Trustee& Co (METCO) 15 15
‰¸. 15 15
(Lacs)
(Ÿ¸½’ˆÅ¸½)
Equity (incl Preference
i. ƒ¦Æ¨¸’ú (‚¢š¸Ÿ¸¸›¸ú ©¸½¡¸£¸Ê ¬¸¢í÷¸) 15 15 i. 15 15
shares) (Lacs)
* ¢¨¸Ô¸Ÿ¸¸›¸ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢¨¸Š¸¸½œ¸›¸ ›¸íú¿ Ÿ¸¸›¸¸ ]¸¸÷¸¸ í¾ *Not considered as exposure as per extant RBI guidelines

13. a) In accordance with RBI Circular DOR.No.BP.

15. ˆÅ) ž ¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ œ¸¢£œ¸°¸ DOR.No.BP.BC.63 / 21.04.048 / BC.63/21.04.048/2019-20 dated April 17, 2020, the
2019-20 ¢™›¸¸¿ˆÅ 17 ‚œÏ¾¥¸, 2020 ˆ½Å ‚›¸º¬¸¸£, ¤¸ÿˆÅ ˆÅ¸½ ‡½¬¸½ „š¸¸£ˆÅ÷¸¸Ä Bank is required to make provision @10% of outstanding
‰¸¸÷¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¤¸ˆÅ¸¡¸¸ ‚¢ŠÏŸ¸¸Ê ˆÅ¸ 10% œÏ¸¨¸š¸¸›¸ ˆÅ£›¸½ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ advances in respect of such borrower accounts where asset
í¾ ]¸í¸¿ œ¸¢£¬¸¿œ¸¢î¸ ¨¸Š¸úĈţµ¸ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ classification benefit has been taken as per RBI guidelines.
The details are as under:
¥¸¸ž¸ ¢¥¸¡¸¸ Š¸¡¸¸ í¾— ¢¨¸¨¸£µ¸ ƒ¬¸ œÏˆÅ¸£ íÿ À
(‰¸¸÷¸¸½¿ ˆÅú ¬¸¿‰¡¸¸ Ž¸½”õˆÅ£ ` ˆÅ£¸½”õ Ÿ¸Ê) (` in crores except no. of accounts)

„›¸ ‰¸¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ ]¸í¸¿ ‚¢š¸¬˜¸Š¸›¸ ¤¸[õ¸¡¸¸ Š¸¡¸¸ ˜¸¸ 12,230 No. of accounts where moratorium was 12,230
extended
‡¬¸‡Ÿ¸‡ / ‚¢÷¸™½¡¸ ª½¢µ¸¡¸¸Ê Ÿ¸Ê £¸¢©¸ ]¸í¸¿ ‚¢š¸¬˜¸Š¸›¸ / 749.35 Amounts in SMA / overdue categories where 749.35
œ¸¢£¬¸¿œ¸¢î¸ ¨¸Š¸úĈţµ¸ ¥¸¸ž¸ ¤¸[õ¸¡¸¸ Š¸¡¸¸ (31 Ÿ¸¸\¸Ä, 2020 moratorium/ asset classification benefit was
÷¸ˆÅ) extended (As of March 31, 2020)

Mandatory 10% provision made during the 74.94

31 Ÿ¸¸\¸Ä, 2020 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¢÷¸Ÿ¸¸íú ˆ½Å ™¸¾£¸›¸ 10% 74.94 quarter ended March 31, 2020
œÏ¸¨¸š¸¸›¸ ‚¢›¸¨¸¸¡¸Ä ¢ˆÅ¡¸¸ Š¸¡¸¸
Provision adjusted during respective 74.94
¦¬¥¸œ¸½]¸ ‚¸¾£ ‚¨¸¢©¸«’ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ¢‰¸¥¸¸ûÅ ¬¸¿¤¸¿¢š¸÷¸ ¥¸½‰¸¸ 74.94 accounting periods against slippages and
‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ œÏ¸¨¸š¸¸›¸ * residual provisions *
* included and classified as COVID 19 related provisions
* ˆÅ¸½¢¨¸” 19 ¬¸¿¤¸¿¢š¸÷¸ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ‚¸¾£ ¨¸Š¸úĈ¼Å÷¸
b) As per RBI Circular DOR.No.BP.BC.63/21.04.048/2019-20
‰¸) ¢™›¸¸¿ˆÅ 17 ‚œÏ¾¥¸, 2020 ˆÅ¸½ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ œ¸¢£œ¸°¸ DOR.No.BP. dated April 17, 2020, details of the number of accounts and
BC.63 / 21.04.048 / 2019-20 ˆ½Å ‚›¸º¬¸¸£, ‰¸¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ ‚¸¾£ the amount involved in those accounts where the Resolution
„›¸ ‰¸¸÷¸¸Ê Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ £¸¢©¸ ˆÅ¸ ¢¨¸¨¸£µ¸ ]¸í¸¿ ¬¸¿ˆÅ¥œ¸ ‚¨¸¢š¸ ˆÅ¸½ ¨¸«¸Ä 31 Ÿ¸¸\¸Ä, Period was extended for the year ended March 31, 2021 are
2021 ˆ½Å ¢¥¸‡ ¢¨¸¬÷¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ˜¸¸, ]¸¸½ ¢›¸Ÿ›¸ œÏˆÅ¸£ ¬¸½ íÿ À as follows:
(` in Crores)
(` ˆÅ£¸½”õ Ÿ¸Ê)
No. of accounts in which resolution Period was
‰¸¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ ¢]¸›¸Ÿ¸½ ¬¸¿ˆÅ¥œ¸ ‚¨¸¢š¸ ¤¸[õ¸ ™ú Š¸ƒÄ extended
©¸¸¢Ÿ¸¥¸ £¸¢©¸ ©¸»›¡¸ Amount involved NIL

119
 Annual Report 2020-21

14. ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™›¸¸¿ˆÅ 06.08.2020, ˆ½Å DOR.No.BP.BC/3/21.04.048/2020-21 œ¸¢£œ¸°¸ ˆ½Å ‚›¸º¬¸¸£ COVID-19 ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ÷¸›¸¸¨¸ ˆ½Å ¢¥¸‡
¬¸¿ˆÅ¥œ¸ ü½ÅŸ¸¨¸ˆÄÅ œ¸£ œÏˆÅ’úˆÅ£µ¸
Disclosure on Resolution Framework for COVID-19-related Stress as per RBI circular ref no. DOR.No.BP.BC/3/21.04.048/2020-21
dated 06.08.2020
(` In Crores)

Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¢÷¸Ÿ¸¸íú ˆ½Å (ˆÅ) (‰¸) (Š¸) (‹¸) (Œ)
œÏˆÅ’›¸ ˆÅ¸ œÏ¸³Åœ¸ ƒ¬¸ ¢¨¸¿”¸½ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¡¸¸½]¸›¸¸ ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ †µ¸ ˆÅú ˆºÅ¥¸ ¡¸¸½]¸›¸¸ ˆ½Å ‚¸¨í¸›¸ ¬¸¿ˆÅ¥œ¸ ¡¸¸½]¸›¸¸
Format for disclosures as of ]¸í¸¿ ¬¸¿ˆÅ¥œ¸ ¡¸¸½]¸›¸¸ ¬¸½ œ¸í¥¸½ (ˆÅ) Ÿ¸Ê ¨¸¢µ¸Ä÷¸ £¸¢©¸, (‰¸) ˆ½Å, ]¸¸½ ‚¸¾£ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆ½Å
quarter ended March 2021 ¥¸¸Š¸» ˆÅú Š¸ƒÄ í¾, „›¸ ‰¸¸÷¸¸Ê ˆ½Å ¢¥¸‡ ]¸¸½¢‰¸Ÿ¸ ‚›¡¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê Ÿ¸Ê ˆ½Å ¤¸ú\¸ ‚¢÷¸¢£Æ÷¸ ˆÅ¸£µ¸ œÏ¸¨¸š¸¸›¸¸Ê Ÿ¸Ê
‰¸¸÷¸¸Ê ˆÅú ¬¸¿‰¡¸¸ (`) œ¸¢£¨¸¢÷¸Ä÷¸ ˆÅú Š¸ƒÄ ˜¸ú š¸›¸£¸¢©¸, ¡¸¢™ ˆÅ¸½ƒÄ ¨¸¼¢Ö (`)
(A) Number of (B) exposure (C) Of (B), aggre- í¸½, ¬¨¸úˆ¼Å÷¸ (E) Increase in
accounts where to accounts gate amount of (D) Additional provisions on
resolution plan men-tioned at (A) debt that was funding sanc- account of the
has been before converted into tioned, if any, implementation
implemented implementation other securities including be- of the
under this of the plan (`) tween invocation resolution plan
window of the plan and (`)
implementation
¨¡¸¢Æ÷¸Š¸÷¸ †µ¸ Personal Loans 5288 602.93 0 0 60.29

ˆÅ¸Áœ¸¸½Ä£½’ ¨¡¸¢Æ÷¸ Corporate persons 1 220.00 0 0 20.13

¢]¸›¸Ÿ¸Ê ¬¸½, ‡Ÿ¸‡¬¸‡Ÿ¸ƒÄ 3 103.92 0 75 7.18

Of which, MSMEs
‚›¡¸ Others 0 0 0 0

ˆºÅ¥¸ Total 5292 926.85 0 75 87.60

15. ˆÅ¸½¢¨¸”-19 Ÿ¸í¸Ÿ¸¸£ú ˆÅ¸ œÏˆÅ¸½œ¸ ™º¢›¸¡¸¸ ž¸£ Ÿ¸Ê û¾Å¥¸ £í¸ í¾ ‚¸¾£ ƒ¬¸ˆ½Å
œ¸¢£µ¸¸Ÿ¸¬¨¸³Åœ¸ ¨¸¾¢æ¸ˆÅ ‚¸¾£ ž¸¸£÷¸ú¡¸ ‚˜¸Ä¨¡¸¨¸¬˜¸¸ Ÿ¸Ê Ÿ¸í÷¨¸œ¸»µ¸Ä ‚¦¬˜¸£÷¸¸ í¾—
ˆÅ¸½¢¨¸” -19 Ÿ¸í¸Ÿ¸¸£ú ¤¸ÿˆÅ ˆ½Å œ¸¢£µ¸¸Ÿ¸ ˆÅ¸½ ¢ˆÅ¬¸ í™ ÷¸ˆÅ œÏž¸¸¢¨¸÷¸ ˆÅ£½Š¸ú, ¡¸í
ž¸¢¨¸«¡¸ ˆ½Å ¢¨¸ˆÅ¸¬¸ œ¸£ ¢›¸ž¸Ä£ ˆÅ£½Š¸¸ ]¸¸½ ‚›¡¸ \¸ú]¸¸Ê ˆ½Å ¤¸ú\¸ ‚÷¡¸¢š¸ˆÅ ‚¢›¸¢ä¸÷¸
íÿ, ¢]¸¬¸Ÿ¸Ê ˆÅ¸½¢¨¸” -19 Ÿ¸í¸Ÿ¸¸£ú ˆ½Å ›¸‡ ¬’ï½›¸ ˆÅú Š¸¿ž¸ú£÷¸¸ ‚¸¾£ ‚¸Š¸½ œÏ¸½÷¬¸¸í›¸
‚¸¾£ ¢›¸¡¸¸Ÿ¸ˆÅ œ¸¾ˆ½Å]¸ ¬¸¢í÷¸ œÏž¸¸¨¸ ˆÅ¸½ ˆÅŸ¸ ˆÅ£Ê, ¡¸¢™ ˆÅ¸½ƒÄ í¸½ ƒ¬¸ˆ½Å œÏ¬¸¸£ ˆÅ¸½
£¸½ˆÅ›¸½ ˆ½Å ¢¥¸‡ ˆÅ¸½ƒÄ ›¸ƒÄ ]¸¸›¸ˆÅ¸£ú ©¸¸¢Ÿ¸¥¸ í¾— í¸¥¸¸¿¢ˆÅ ¥¸¸ÁˆÅ”¸„›¸ ˆ½Å „œ¸¸¡¸¸Ê Ÿ¸Ê
[ú¥¸ ˆ½Å ¤¸¸™ ¬¸½ ‚¸¢˜¸ÄˆÅ Š¸¢÷¸¢¨¸¢š¸¡¸¸Ê Ÿ¸Ê ¬¸ºš¸¸£ íº‚¸ í¾, Ÿ¸¿™ú ˆ½Å ˆÅ¸£µ¸ \¸ºˆÅˆÅ÷¸¸Ä-
ŠÏ¸íˆÅ¸Ê ˆÅú ¬¸¿‰¡¸¸ Ÿ¸Ê ¨¸¼¢Ö í¸½ ¬¸ˆÅ÷¸ú í¾ ‚¸¾£ ƒ¬¸ˆ½Å œ¸¢£µ¸¸Ÿ¸¬¨¸³Åœ¸ ƒ›¸ œÏ¸¨¸š¸¸›¸¸Ê
Ÿ¸Ê ¨¸¼¢Ö í¸½ ¬¸ˆÅ÷¸ú í¾—
16. 7 ‚œÏ¾¥¸, 2021 ˆÅ¸½ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å œ¸¢£œ¸°¸ Ÿ¸Ê ¢™‡ Š¸‡ ¢›¸™½Ä©¸¸Ê ˆ½Å
‚›¸º¬¸¸£, ¤¸ÿˆÅ ˆÅ¸½ „›¸ ¬¸ž¸ú „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅ¸½ '¤¡¸¸]¸ œ¸£ ¤¡¸¸]¸' ˆÅ¸½ ¨¸¸œ¸¬¸ ˆÅ£›¸½ /
¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ ˆÅ£›¸½ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ í¾, ]¸¸½ ‚¢š¸¬˜¸Š¸›¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ˆÅ¸¡¸Ä©¸ú¥¸
œ¸»¿]¸ú ˆÅú ¬¸º¢¨¸š¸¸‚¸Ê ˆÅ¸ ¥¸¸ž¸ „“¸ \¸ºˆ½Å ˜¸½, ž¸¥¸½ íú ‚¢š¸¬˜¸Š¸›¸ ‚¨¸¢š¸ £íú í¸½ œ¸»£ú
÷¸£í ¬¸½ ¡¸¸ ‚¸¿¢©¸ˆÅ ³Åœ¸ ¬¸½ ¥¸¸ž¸ „“¸¡¸¸ Š¸¡¸¸, ¡¸¸ ›¸íú¿ ¢¥¸¡¸¸ Š¸¡¸¸— ž¸¸£÷¸ú¡¸
¢£{¸¨¸Ä ¤¸ÿˆÅ ˆÅú ‚¢š¸¬¸»\¸›¸¸ ˆ½Å ‚›¸º¬¸¸£, ž¸¸£÷¸ú¡¸ ¤¸ÿˆÅ ¬¸¿‹¸ (‚¸ƒÄ¤¸ú‡) ׸£¸
'¤¡¸¸]¸ œ¸£ ¤¡¸¸]¸ ˆÅú Š¸µ¸›¸¸' ˆÅú œ¸Ö¢÷¸ ˆÅ¸ œÏ¬¸¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ¤¸ÿˆÅ ƒ¬¸ œ¸Ö¢÷¸
ˆÅ¸½ „œ¸¡¸ºÆ÷¸ ³Åœ¸ ¬¸½ ¥¸¸Š¸» ˆÅ£›¸½ ˆÅú œÏ¢ÇÅ¡¸¸ Ÿ¸Ê í¾— 31 Ÿ¸¸\¸Ä, 2021 ÷¸ˆÅ ¤¡¸¸]¸
£¸í÷¸ ˆ½Å œÏ¢÷¸ ™½¡¸÷¸¸ ˆÅú Š¸µ¸›¸¸ ˆÅ£, ¤¡¸¸]¸ ‚¸¡¸ ¬¸½ ƒ¬¸ ˆÅŸ¸ ˆÅ£ˆ½Å ‚¸¾£ ‚›¡¸
™½¡¸÷¸¸‚¸½¿ ˆÅ¸½ ]¸Ÿ¸¸ ˆÅ£÷¸½ íº‡ ¨¡¸¢Æ÷¸Š¸÷¸ „š¸¸£ˆÅ÷¸¸Ä ‰¸¸÷¸¸½¿ ˆ½Å ¢¥¸‡ ƒ¬¸ˆ½Å ¥¸¿¢¤¸÷¸
¢£œ¸¿€”/¬¸Ÿ¸¸¡¸¸½]¸›¸ í½÷¸º ¤¸ÿˆÅ ›¸½ ` 65.00 ˆÅ£¸½”õ ˆÅ¸ ÷¸™˜¸Ä œÏ¸¨¸š¸¸›¸ ¢ˆÅ¡¸¸ í¾—
17. ˆÅ¸½¢¨¸” 19 ¬¸¿¤¸¿¢š¸÷¸ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½, ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸
`  753.49 ˆÅ£¸½”õ ˆÅú £¸¢©¸ £‰¸ú í¾— (¢œ¸Ž¥¸½ ¨¸«¸Ä ` 75 ˆÅ£¸½”õ)
18. 01/11/2017 ¬¸½ ¨¸½÷¸›¸ ¬¸¿©¸¸½š¸›¸ œ¸£ ×úœ¸®¸ú¡¸ ¬¸Ÿ¸^¸¸¾÷¸¸ 11/11/2020 ˆÅ¸½
í¬÷¸¸®¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ˜¸¸— 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ íº‡ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸, ¤¸ÿˆÅ ›¸½
` 652.22 ˆÅ£¸½”õ ˆÅ¸ ˆºÅ¥¸ ¬¸¿\¸¡¸ú œÏ¸¨¸š¸¸›¸ ¤¸›¸¸÷¸½ íº‡ 439.84 ˆÅ£¸½”õ ˆÅ¸ œÏ¸¨¸š¸¸›¸
¢ˆÅ¡¸¸— ¤¸ÿˆÅ ›¸½ ¨¸½÷¸›¸ œ¸º›¸£ú®¸µ¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¤¸ˆÅ¸¡¸¸ ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ ˆÅ£›¸¸ ©¸º³Å ˆÅ£ ¢™¡¸¸
í¾ ‚¸¾£ ` 447.79 ˆÅ£¸½”õ ˆÅú £¸¢©¸ ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ ` 204.43 ˆÅ£¸½”õ
ˆÅú ©¸½«¸ £¸¢©¸ 31 Ÿ¸¸\¸Ä 2021 ÷¸ˆÅ ™½¡¸ í¾—
19. ¢œ¸Ž¥¸½ ¨¸«¸Ä ˆ½Å ‚¸¿ˆÅ”õ¸Ê ˆÅ¸½ ¨¸÷¸ÄŸ¸¸›¸ ¨¸«¸Ä ˆ½Å ‚¸¿ˆÅ”õ¸Ê ˆ½Å ¬¸¸˜¸ ÷¸º¥¸›¸ú¡¸ ¤¸›¸¸›¸½ ˆ½Å ¢¥¸‡
]¸í¸¿ ž¸ú ‚¸¨¸©¡¸ˆÅ ¬¸Ÿ¸^¸¸ Š¸¡¸¸ í¾, ¨¸í¸¿ œ¸º›¸À¬¸Ÿ¸»í¤¸Ö/ œ¸º›¸À¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
15. The outbreak of COVID-19 pandemic continues to spread across
the globe and India resulting in significant volatility in the global
and Indian economy. The extent to which the COVID-19 pandemic
will impact the Bank's result will depend on future development
which are highly uncertain including among other things any
new information concerning the severity of the new strains of the
COVID-19 pandemic and action to contain its spread or mitigate
impact including further stimulus and regulatory packages, if any.
While there has been an improvement in the economic activity
since the easing of the lockdown measures, the slowdown may
lead to a rise in the number of customer defaults and resultant
increase in the provisions there against.
16. In accordance with the instructions in RBI circular dated April 7,
2021 the Bank is required to refund / adjust ‘interest on interest’
to all the borrowers including those who had availed of working
capital facilities during the moratorium period, irrespective of
whether moratorium had been fully or partially availed, or not
availed. As required by the RBI notification, the methodology for
calculation of such ‘interest on interest’ has been circulated by
the Indian Banks’ Association (IBA). The bank is in the process
of suitably implementing this methodology. As at March 31,
2021, the Bank has made an adhoc provision of ` 65.00 Crores,
estimating the liability towards interest relief, by reducing the
same from interest income and crediting to Other Liabilities,
pending refund / adjustment of the same to the individual
Borrower accounts.
17. As at March 31, 2021, the Bank holds an amount of ` 753.49 Cr
as COVID 19 related provisions (P. Y. ` 75 Crores).
18. BI-Partite Agreement on Wage Revision due from 01/11/2017
was signed on 11/11/2020. During the year ended March 31
2021, the Bank made provision of ` 439.84 Crores making
total cumulative provision of ` 652.22 Crores. Bank has started
making payment of arrears in respect of wage revision and sum
of ` 447.79 Crores was paid and balance amount of ` 204.43
Crores is payable as on March 31 2021
19. Previous year’s figures have been regrouped / reclassified
wherever considered necessary to make them comparable with
current year’s figure.

120
Jeeef<e&keÀ efjHeesì& 2020-21

31 cee®e& 2021 keÀes meceehle Je<e& kesÀ efueS vekeÀoer he´Jeen keÀe efJeJejCe
Statement of Cash Flow for the Year Ended 31st March 2021
(` npeej ceW) (` in lakhs)
31.03.2021 keÀes meceehle Je<e& 31.03.2020 keÀes meceehle Je<e&
efJeJejCe Particulars Year Ended 31.03.2021 Year Ended 31.03.2020
keÀ. heefj®eeueve ieefleefJeefOe³eeW mes vekeÀoer he´Jeen:
A. Cash Flow From Operating Activities:
Dee³e Income
Je<e& kesÀ oewjeve Deefie´ce, efveJesMe Fl³eeefo mes he´ehle y³eepe
Interest received during the year from advances, Investments etc. 118,68,54 114,95,45
Dev³e Dee³e Other Income 26,25,27 144,93,81 16,49,23 131,44,67
IeìeSb: J³e³e Je he´eJeOeeve Less: Expenditure & Provisions
Je<e& kesÀ oewjeve pecee Je GOeejer hej Yegieleeve efkeÀ³ee y³eepe
Interest Paid during the year on Deposits and Borrowings 69,71,07 72,16,65
heefj®eeueve J³e³e Operating Expenses 35,65,06 30,80,96
he´eJeOeeve SJeb DeekeÀeqmcekeÀleeSb Provisions & Contingencies 34,07,43 139,43,56 24,58,48 127,56,09
J³e³e kesÀ …hej Dee³e DeefOekeÀ nesves kesÀ keÀejCe vekeÀoer ceW efveJeue Je=ef×
Net Increase in Cash due to Increase of Income over Expenses 5,50,25 3,88,58
peesæ[W : iewj vekeÀoer ceoW SJeb Deueie efJe®eeefjle ceoW
Add : Non Cash Items & Items Considered Separately
he´eJeOeeve SJeb DeekeÀeqmcekeÀleeSb Provisions & Contingencies 34,07,43 24,58,48
De®eue mebheefÊe³eeW nsleg cetu³eÝeme Depreciation on Fixed Assets 1,88,11 2,10,95
De®eue mebheefÊe kesÀ efJe¬eÀ³e hej ueeYe/neefve
Profit/Loss on sale of Fixed Assets -45 -4,81
yeeb[, heermeerheerSme Je DeeF&heer[erDeeF&hej y³eepe
Interest on Bonds, PCPS and IPDI 2,89,00 38,84,09 2,64,27 29,28,89
44,34,34 33,17,47
IeìeSb: he´oÊe he´l³e#e keÀj (efveJeue) Less: Direct Taxes Paid (Net) 1,84,00 ,,
heefj®eeueve mes Dee|pele vekeÀo ueeYe (I)
Cash Profit Generated From Operations 42,50,34 33,17,47
heefj®eeueveiele os³eleeDeeW keÀer Je=ef×/(keÀceer) :
Increase / (Decrease) of Operating Liabilities:
peceejeefMe³eeb Deposits 239,39,21 94,16,32
yeeb[ GOeeefj³eeW kesÀ DeueeJee Dev³e GOeeefj³eeb
Borrowings other than Bond Borrowings ,63,02 -64,79,14
Dev³e os³eleeSb Je he´eJeOeeve Other Liabilities & Provision -6,64,43 -24,12,85
heefj®eeueveiele os³eleeDeeW ceW kegÀue Je=ef×
Total of Increase of Operating Liabilities 233,37,80 5,24,33
IeìeSb:heefj®eeueve Deeeqmle³eeW keÀer Je=ef×/(keÀceer)
Less: Increase / (Decrease) of Operating Assets
efveJesMe Investments 103,70,79 -19,56,20
Deefie´ce Advances 155,33,52 42,05,44
Dev³e Deeeqmle³eeb Other Assets -7,83,05 8,89,69
kegÀue heefj®eeueve Deeeqmle³eeW keÀer kegÀue Je=ef×
Total of Increase of Operating Assets 251,21,26 31,38,93
heefj®eeueveiele Deeeqmle³eeW hej heefj®eeueveiele os³eleeDeeW ceW efveJeue Je=ef× (II)
Net Increase Of Operating Liabilities Over Operating Assets -17,83,46 -26,14,60
heefj®eeueve ieefleefJeefOe³eeW mes vekeÀoer he´Jeen (keÀ (A) = I+II)
Cash Flow From Operating Activities 24,66,89 7,02,88
‰¸ efveJesMe ieefleefJeefOe³eeW mes vekeÀoer he´Jeen
B. Cash Flow From Investing Activities
De®eue mebheefÊe³eeW keÀe efJe¬eÀ³e Sale of Fixed Assets 3,65 14,34
De®eue mebheefÊe³eeW keÀe ¬eÀ³e Purchase of Fixed Assets -1,92,48 -1,23,58
efveJesMe ieefleefJeefOe³eeW mes efveJeue vekeÀoer he´Jeen (Ke)
-1,88,83 -1,09,24
Net Cash Flow From Investing Activities (B)

121
 Annual Report 2020-21

ie efJeÊehees<eCe ieefleefJeefOe³eeW mes vekeÀoer he´Jeen

C. Cash Flow From Financing Activities:
i) yeeb[es keÀes peejer /(cees®eve) keÀjvee 5 ,05 ,70 –
Issue/ (Redemption) of Bonds
ii) F&eqkeÌJeìer SJeb heerSvemeerheerSme hej ueeYeebMe –
Dividend on Equity & PNCPS
iii) ueeYeebMe efJelejCe keÀj Dividend Distribution Tax –
iv) yeeb[, heermeerheerSme Je DeeF&heer[erDeeF& hej y³eepe -2 ,89 ,00 -2 ,64 ,27
Interest on Bonds, PCPS and IPDI
v) F&eqkeÌJeìer Mes³ejeW keÀes peejer keÀjvee / (Mes³ej DeeJesove jeefMe) 9 ,62 ,70
Issue of Equity Shares /(Share Apllication Money)
efJeÊehees<eCe ieefleefJeefOe³eeW mes vekeÀoer he´Jeen (ie) 2 ,16 ,70 6 ,98 ,43
Cash Flow From Financing Activities (C)
Je<e& kesÀ oewjeve kegÀue vekeÀoer he´Jeen (keÀ+Ke+ie) 24 ,94 ,76 12 ,92 ,06
Total Cash Flow During The Year (A+B+C)

›¸¸½’À ]¸í¸Â ‚¸¨¸©¡¸ˆÅ íº‚¸ ¢œ¸Ž¥¸½ ¨¸«¸Ä ˆ½Å ‚¸¿ˆÅ”õ¸½¿ ˆÅ¸½ œ¸º›¸À¬¸Ÿ¸»í¤¸Ö ‚¸¾£ œ¸º›¸À¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
Note : Previous year figures have been regrouped and reclassified whenever necessary.
(` npeej ceW)
(` in lakhs)
31.03.2021 keÀes meceehle Je<e& 31.03.2020 keÀes meceehle Je<e&
y³eesjs Particulars Year Ended 31-03-2021 Year Ended 31-03-2020

Üeje He´efleefveefOelJe- Represented By-

Je<e& kesÀ DeejbYe ceW vekeÀoer Je vekeÀoer kesÀ mecelegu³e
Cash and Cash equivalents at the beginning of the year
Yeejleer³e efj]peJe& yeQkeÀ kesÀ Heeme vekeÀoer Je DeefOeMes<e
Cash & Balance with RBI 103,53,68 79,19,99
yeQkeÀeW kesÀ Heeme Mes<e, ceebie Je DeuHe veesefìme Hej He´eH³e Oeve 93,28 12,34,92
Balances with Banks & Money at Call & Short notice
104,46,97 91,54,90
Je<e& kesÀ Deble ceW vekeÀoer Je vekeÀoer kesÀ mecelegu³e
Cash and Cash equivalents at the end of the year
Yeejleer³e efj]peJe& yeQkeÀ kesÀ Heeme vekeÀoer Je DeefOeMes<e
Cash & Balances with RBI 128,82,48 103,53,68
yeQkeÀeW kesÀ Heeme Mes<e, ceebie Je DeuHe veesefìme Hej He´eH³e Oeve 59,25 93,28
Balance with banks & money at call & Short notice
129,41,73 104,46,97
Je<e& kesÀ oewjeve kegÀue vekeÀoer He´Jeen Total Cash Flow During The Year 24,94,76 12,92,06

megveerue Oetle œ¸ú. ‚¸£. ‰¸’¸¨¸ˆÅ£

¬¸í¸¡¸ˆÅ Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¢¨¸. œÏ. ¨¸ ¥¸½‰¸¸ cenehe´yebOekeÀ, efJe. he´. Je uesKee Deewj cegefJeDe
SUNIL DHOOT P. R. KHATAVKAR
Asst. Gen. Manager, Fm & A GENERAL MANAGER, FM&A & CFO
S. yeer. efJepe³ekegÀceej nscevle ìcìe S. Sme. jepeerJe
ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½
A. B. VIJAYAKUMAR HEMANT TAMTA A. S. RAJEEV
EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR MANAGING DIRECTOR & CEO

nceejer meceefoveebefkeÀle mebueive efjheesì& kesÀ Devegmeej As per our report of even date attached.

ke=Àles cewmeme& kesÀ. ieesheeue jeJe Sb[ kebÀheveer ke=Àles cewmeme& yeeìueeryeesF& Sb[ hegjesefnle ke=Àles cewmeme& DeyeCee& Sb[ DevebLeve ke=Àles cewmeme& jes[er [yeerj Sb[ kebÀHeveer
‡ûÅ‚¸£‡›¸: 000956‡¬¸ SHeÀDeejSve: 101048 [yu³et SHeÀDeejSve: 000003‡¬¸ SHeÀDeejSve: 108846”¤¥¡¸»
¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ meveoer uesKeekeÀej meveoer uesKeekeÀej meveoer uesKeekeÀej
for M/s. K Gopal Rao & Co for M/s. Batliboi & Purohit for M/s. Abarna & Ananthan for M/s. Rodi Dabir & Co.
FRN: 000956S FRN: 101048W FRN: 000003S FRN:108846W
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants

¬¸ú‡ ¤¸ú. Ÿ¸ú£¸ Š¸¸½œ¸¸¥¸›¸ ¬¸ú‡ £Ÿ¸›¸ í¿Š¸½ˆÅ£ ¬¸ú‡ (ªúŸ¸÷¸ú) ¥¸¢¥¸÷¸¸ £¸Ÿ¸½©¨¸£›¸ ¬¸ú‡ ‚¸©¸ú«¸ ¤¸”Š¸½
ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£
¬¸™¬¡¸÷¸¸ ÇÅ.: 029471 ¬¸™¬¡¸÷¸¸ ÇÅ.: 030615 ¬¸™¬¡¸÷¸¸ ÇÅ.: 207867 ¬¸™¬¡¸÷¸¸ ÇÅ.: 121073
CA B Meera Gopalan CA Raman Hangekar CA (Mrs) Lalitha Rameswaran CA Aashish Badge
Partner Partner Partner Partner
Membership No: 029471 Membership No: 030615 Membership No: 207867 Membership No: 121073
mLeeve : HegCes Place : Pune
efoveebkeÀ : 29 DeHe´wue, 2021 Date : 29th April, 2021

122
Jeeef<e&keÀ efjHeesì& 2020-21
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2021 ˆ½Å ‚›¸º¬¸¸£ ¢ˆÅ¡¸¸ í¾— ¬¸¸˜¸ íú, ÷¸º¥¸›¸ œ¸°¸ ‚¸¾£ ¥¸¸ž¸ ¨¸ í¸¢›¸ ¢¨¸¨¸£µ¸ ‡¨¸¿ ›¸ˆÅ™ú
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ˆ½Å ‚›¸º³Åœ¸, „Æ÷¸ ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸, 1949
(``‚¢š¸¢›¸¡¸Ÿ¸''), ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆ½Å ‚›¸º¬¸¸£ ‚œ¸½¢®¸÷¸
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123
INDEPENDENT AUDITOR’S REPORT
M/s. K. Gopal Rao & Co. M/s. Batliboi & Purohit
Chartered Accountants, 204, National Insurance
21, Moosa Street, T Nagar, Building, 2nd Floor,
Chennai- 600 017. D. N. Road,
Fort, Mumbai - 400 001.
M/s. Abarna & Ananthan M/s. Rodi Dabir & Co.
521, 3rd Main 6th Block, Chartered Accountants,
2nd Phase BSK 3rd Stage, 282, Kapish House, Mata
Bengaluru - 560 085. Mandir Road, Khare Town,
Dharampeth, Nagpur - 440010.
To,
The President of India and Members of
“BANK OF MAHARASHTRA”
Report on Audit of the Standalone Financial Statements
Opinion
1. We have audited the accompanying Standalone Financial
Statements of Bank of Maharashtra (‘the Bank’), which
comprise the Balance Sheet as at March 31, 2021, the Profit
and Loss Account and the Statement of Cash Flow for the year
then ended, and notes to Standalone Financial Statements
including a summary of significant accounting policies and
other explanatory information, in which are included returns for
the year ended on that date, of head office, 37 Zone offices,
for the year ended on that date of 20 branches and Treasury
and International Banking Division audited by us, and 1007
branches audited by statutory branch auditors of the Bank. The
branches audited by us and those audited by other auditors have
been selected by the Bank in accordance with the guidelines
issued to the Bank by the Reserve Bank of India (RBI) vide
notification issued by RBI dated March 15th, 2021. Also included
in the Balance Sheet, Profit and Loss Account and Statement of
Cash Flows are the returns from 903 branches which have not
been subjected to audit. These unaudited branches account for
8.99% of advances, 22.84% of deposits, 4.6% of interest income
and 17.74% of interest expenses.
2. In our opinion and to the best of our information and according to
the explanations given to us, the aforesaid Standalone Financial
Statements give the information required by the Banking
Regulation Act, 1949 (“the Act”), the requirements of the Reserve
Bank of India, in the manner so required and are in conformity with
accounting principles generally accepted in India and give:
a) in case of Balance Sheet, read with the notes thereon gives
true and fair view of the state of affairs of the Bank as at
March 31, 2021;
b) the Profit and Loss Account, read with the notes thereon
shows a true balance of profit for the year ended March 31,
2021 and
c) the Cash Flow Statement gives a true and fair view of the
cash flows for the year ended March 31, 2021.
Basis for Opinion
3. We conducted our audit in accordance with the Standards on Auditing
(SAs) issued by Institute of Chartered Accountants of India (ICAI).
Our responsibilities under those Standards are further described
in the Auditors’ Responsibilities for the Audit of the Standalone
Financial Statements section of our report. We are independent of
the Bank in accordance with the code of ethics issued by the ICAI
 Annual Report 2020-21

¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¸®¡¸ œÏ¸œ÷¸ ¢ˆÅ‡ íÿ ¨¸½ œ¸¡¸¸Äœ÷¸ íÿ ‚¸¾£ ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê œ¸£ ퟸ¸£ú together with ethical requirements that are relevant to our audit of
the Standalone Financial Statements, and we have fulfilled our
£¸¡¸ ˆ½Å ¢¥¸‡ ‡ˆÅ ‚¸š¸¸£ œÏ™¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ „œ¸¡¸ºÆ÷¸ í¾—
other ethical responsibilities in accordance with these requirements
and the code of ethics. We believe that the audit evidence we have
Ÿ¸¸Ÿ¸¥¸½ ˆÅ¸ {¸¸½£ obtained is sufficient and appropriate to provide a basis for our
4. ퟸ ›¸¸½’ ¬¸¿‰¡¸¸ 15 ˆÅú ‚¸½£ š¡¸¸›¸ ‚¸ˆÅ¢«¸Ä÷¸ ˆÅ£÷¸½ íÿ— ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ‚›¸º¬¸»\¸ú opinion on the Standalone Financial Statements.
18 Ÿ¸Ê, ]¸¸½ ¤¸÷¸¸÷¸¸ í¾ ¢ˆÅ ¢ˆÅ¬¸ í™ ÷¸ˆÅ COVID-19 Ÿ¸í¸Ÿ¸¸£ú ¤¸ÿˆÅ ˆ½Å ¬¸¿\¸¸¥¸›¸ Emphasis of Matter
ˆÅ¸½ œÏž¸¸¢¨¸÷¸ ˆÅ£½Š¸ú ‚¸¾£ ¢¨¸î¸ú¡¸ œ¸¢£µ¸¸Ÿ¸ ž¸¢¨¸«¡¸ ˆ½Å ¢¨¸ˆÅ¸¬¸ œ¸£ ¢›¸ž¸Ä£ íÿ, ]¸¸½ ¢ˆÅ
4. We draw attention to Note no. 15 In Schedule 18 of the Financial
‚÷¡¸¢š¸ˆÅ ‚¢›¸¢ä¸÷¸ íÿ— ¤¸ÿˆÅ ¥¸Š¸¸÷¸¸£ ‚¸¢˜¸ÄˆÅ ¦¬˜¸¢÷¸¡¸¸Ê ˆÅú ¢›¸Š¸£¸›¸ú ˆÅ£ £í¸ í¾ ‚¸¾£ Statements which explains the extent to which COVID-19
ƒ›¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆ½Å ‚›¸ºŸ¸¸½™›¸ ˆÅú ¢÷¸¢˜¸ ˆ½Å ‚›¸º¬¸¸£ ¤¸ÿˆÅ ˆ½Å œ¸¢£\¸¸¥¸›¸ ‚¸¾£ ¢¨¸î¸ú¡¸ pandemic will impact the Bank's operations and financial
œ¸¢£µ¸¸Ÿ¸¸Ê œ¸£ ˆÅ¸½ƒÄ œÏž¸¸¨¸ ‚¢›¸¢ä¸÷¸ í¾— results are dependent on future developments, which are highly
uncertain. The Bank is continuously monitoring the economic
ƒ¬¸ Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ퟸ¸£ú £¸¡¸ Ÿ¸Ê ¬¸¿©¸¸½š¸›¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— conditions and any impact on the Bank's Operations and
financial results is uncertain.
œÏŸ¸º‰¸ ¥¸½‰¸¸œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½
Our Opinion is not modified in respect of this matter.
5. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ¨¸½ Ÿ¸¸Ÿ¸¥¸½ íÿ ]¸¸½ ퟸ¸£½ œ¸½©¸½¨¸£ ¢›¸µ¸Ä¡¸ Ÿ¸Ê 31 Ÿ¸¸\¸Ä, 2021
Key Audit Matters
ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸Ê ¬¸¤¸¬¸½ Ÿ¸í÷¨¸œ¸»µ¸Ä
í¸½÷¸½ íÿ— ƒ›¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ¬¸Ÿ¸ŠÏ ³Åœ¸ ¬¸½ ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ 5. Key audit matters are those matters that, in our professional
ˆ½Å ¬¸¿™ž¸Ä Ÿ¸Ê ‚¸¾£ „¬¸ œ¸£ ퟸ¸£ú £¸¡¸ ¤¸›¸¸›¸½ Ÿ¸Ê ¬¸¿¤¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ˜¸¸ ‚¸¾£ ퟸ ƒ›¸ judgment, were of most significance in our audit of the Standalone
Financial Statements of the year ended March 31, 2021. These
Ÿ¸¸Ÿ¸¥¸¸Ê œ¸£ ‚¥¸Š¸ £¸¡¸ œÏ™¸›¸ ›¸íú¿ ˆÅ£÷¸½ íÿ— ퟸ›¸½ ‚œ¸›¸ú ¢£œ¸¸½’Ä Ÿ¸Ê Ÿ¸º‰¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸ matters were addressed in the context of our audit of the
Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ›¸ú\¸½ ¨¸¢µ¸Ä÷¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ¡¸¸ í¾À Standalone Financial Statements as a whole, and in forming our
opinion thereon, and we do not provide a separate opinion on
ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ these matters. We have determined the matters described below
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ as Key Audit Matters to be communicated in our report:
ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ How our Audit procedures
S.
1. ‚¢ŠÏŸ¸¸Ê ˆÅ¸ ¨¸Š¸úĈţµ¸, ퟸ›¸½ ¢¬¸¬’Ÿ¸, ‚¸¨¸½™›¸, ‚›¸ºŸ¸¸½™›¸ ˆ½Å Key Audit Matters addressed the Key Audit
No
Matters
œÏ¸¨¸š¸¸›¸úˆÅ£µ¸ ‚¸¾£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä …œ¸£ œÏ¢ÇÅ¡¸¸, ¢£ˆÅ¸Á¢”ôŠ¸, ¢›¸Š¸£¸›¸ú
1. Classification of Advances, We have tested the design and
¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¡¸ ‚¸¾£ †µ¸¸Ê, ¤¸ˆÅ¸¡¸¸Ê ÷¸˜¸¸ ™¤¸¸¨¸ŠÏ¬÷¸ Provisioning and other operating effectiveness of the
œÏ¸¬¸¿¢Š¸ˆÅ ‚›¸ºœ¸¸¥¸›¸À ‰¸¸÷¸¸Ê ˆÅú ¨¸¬¸»¥¸ú, ‡›¸œ¸ú‡ ˆÅú œ¸í\¸¸›¸, relevant compliance of RBI Key controls of the system,
Guidelines: application, process over
œÏ¸˜¸¢Ÿ¸ˆÅ ‚¸¾£ ¬¸¿œ¸¸¢æ¸ˆÅ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å approval, recording, monitoring,
(‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆ½Å ¢¥¸‡ ¢¥¸‡ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆÅú ¬¸Ÿ¸^¸ (Refer Note No. 4 of Schedule and recovery of loans, overdue
Ÿ¸í÷¨¸œ¸»µ¸Ä ¥¸½‰¸¸¿ˆÅ›¸ ›¸ú¢÷¸ ˆÅú ‚›¸º¬¸»\¸ú ÷¸˜¸¸ ¤¸ÿˆÅ ˆ½Å ¬¸Ÿ¸ŠÏ ¬¸¿Š¸“›¸¸÷Ÿ¸ˆÅ ‚¸ƒÄ’ú 17 of Significant Accounting and stressed accounts,
identification of NPA, Provision
17 ˆ½Å ›¸¸½’ ÇÅŸ¸¸¿ˆÅ 4 ˆÅ¸ ¬¸¿™ž¸Ä ¥¸Ê—) [¸¿\¸½ ‡¨¸¿ ¢¨¸¢ž¸››¸ ‚¸¿÷¸¢£ˆÅ œ¸¢£œ¸°¸¸Ê Policies to the Standalone
for NPA including verification of
Financial Statements) valuation reports of experts for
‚¸¾£ ¢£œ¸¸½’¸½ô ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ „¬¸ˆ½Å ¬¸¿œÏ½«¸µ¸
31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¤¸ÿˆÅ ˆ½Å œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ primary and collateral securities
œ¸£ ‚¸š¸¸¢£÷¸ ¢¨¸©¸½«¸±¸¸Ê ˆÅú Ÿ¸»¥¡¸¸¿ˆÅ›¸ The Banks portfolio based on the understanding
Ÿ¸Ê ` 102405 ˆÅ£¸½”õ ˆÅ¸ ©¸ºÖ ‚¢ŠÏŸ¸ ¢£œ¸¸½’Ä ˆÅú ]¸¸¿\¸ ¬¸¢í÷¸ ‡›¸œ¸ú‡ ˆ½Å ¢¥¸‡ comprises of Net Advances of the prudential guidelines
©¸¸¢Ÿ¸¥¸ í¾ ¢]¸¬¸Ÿ¸Ê ˜¸¸½ˆÅ ‚¸¾£ ¢£’½¥¸ of ` 102405 Crores as at 31st and overall organisational IT
œÏ¸¨¸š¸¸›¸ ˆ½Å Ÿ¸í÷¨¸œ¸»µ¸Ä ¢›¸¡¸¿°¸µ¸¸Ê ˆÅú March 2021 comprising of framework of the Bank and its
¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸¦ŸŸ¸¢¥¸÷¸ í¾— ‚¸ƒÄ‚¸£‡¬¸ú œ¸¢£\¸¸¥¸›¸ œÏž¸¸¨¸©¸ú¥¸÷¸¸ ÷¸˜¸¸ ¢”]¸¸ƒ›¸ wholesale and retail banking. communication through various
Ÿ¸¸›¸™¿”¸Ê ˆ½Å ‚›¸º¬¸¸£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆÅú ]¸¸¿\¸ ˆÅ£ ¥¸ú í¾— As required by IRAC Norms, circulars and reports.
׸£¸ ]¸¸£ú ¢™©¸¸¢›¸™½Ä©¸ ‚¸¾£ ž¸¸£÷¸ú¡¸ guidelines issued by RBI and We have evaluated the Internal
ퟸ›¸½ ¤¸ÿˆÅ ˆÅú ›¸ú¢÷¸¡¸¸Ê ¨¸ œÏ¢ÇÅ¡¸¸‚¸Ê ÷¸˜¸¸ other circulars, notification Controls over sanctioning,
¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ]¸¸£ú ‚›¡¸ œ¸¢£œ¸°¸¸Ê, and directives issued by
¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê monitoring the process and
‚¢š¸¬¸»\¸›¸¸‚¸Ê ‚¸¾£ ¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸£µ¸ RBI, the Bank has classified account for system overrides
Ÿ¸Ê ¤¸ÿˆÅ ›¸½ ‚¢ŠÏŸ¸¸Ê ˆÅ¸½ ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ í¾ ‚¢ŠÏŸ¸¸Ê ˆÅú Ÿ¸¿]¸»£ú, ¢›¸Š¸£¸›¸ú ˆÅú œÏ¢ÇÅ¡¸¸ Advances and has made or bypasses to controls
÷¸˜¸¸ ‚¢ŠÏŸ¸¸Ê œ¸£ ¢›¸¡¸¿°¸µ¸ í½÷¸º ¢¬¸¬’Ÿ¸ appropriate provisions of advances, supervisory
÷¸˜¸¸ ‡½¬¸½ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º³Åœ¸ „¢\¸÷¸ in accordance with such framework such as Internal
œÏ¸¨¸š¸¸›¸ ¢ˆÅ‡ íÿ— ‚¸½¨¸££¸ƒ” ¡¸¸ ¤¸¸ƒœ¸¸¬¸ ˆ½Å ¢¥¸‡ ‰¸¸÷¸¸Ê, guidelines. Audit, Credit Audit, Concurrent
œ¸¡¸Ä¨¸½®¸ú ü½ÅŸ¸¨¸ˆÄÅ ¡¸˜¸¸ ‚¸¿÷¸¢£ˆÅ ¥¸½‰¸¸ Audit, Systems Audit, as well as
‚¢ŠÏŸ¸¸Ê ¬¸½ ‚¸¡¸, ˆºÅ¥¸ ‚¸¡¸ ˆÅ¸ Income from Advances Internal Check, effectiveness
œ¸£ú®¸¸, †µ¸ ¥¸½‰¸¸ œ¸£ú®¸¸, ¬¸¿Š¸¸Ÿ¸ú of such framework as per the
constitutes 49.36% of Total
49.36% ¤¸›¸¸÷¸ú í¾— Š¸¾£-¢›¸«œ¸¸™›¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ‚¸¾£ œÏµ¸¸¥¸ú ¥¸½‰¸¸ œ¸£ú®¸¸ Income. The provision in policies and procedures of the
‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê œÏ¸¨¸š¸¸›¸ ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ ‡½¬¸½ ü½ÅŸ¸¨¸ˆÄÅ ˆÅú ‚¸¿÷¸¢£ˆÅ respect of Non-performing bank and in compliance with
Asset is ` 2213.79 Crores prudential guidelines.
`  2213.79 ˆÅ£¸½”õ í¾ ]¸¸½ ˆºÅ¥¸ ¨¡¸¡¸ ]¸¸¿\¸ ‚¸¾£ œÏž¸¸¨¸©¸ú¥¸÷¸¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸
which constitutes 15.88% of We have tested samples
ˆÅ¸ 15.88% ¤¸›¸¸÷¸¸ í¾— ¢ˆÅ¡¸¸ í¾— the total expenditure. of Performing Assets and
assessed the application of
‚¸ƒÄ‚¸£‡¬¸ú Ÿ¸¸›¸™¿”¸Ê ˆÅ¸ ¬¸Ÿ¸º¢\¸÷¸ ³Åœ¸ ퟸ›¸½ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ The carrying value of these IRAC Norms, as prescribed
¬¸½ œ¸¸¥¸›¸ ›¸íú¿ ¢ˆÅ‡ ]¸¸›¸½ œ¸£ ƒ›¸ ‚¢ŠÏŸ¸¸Ê ¢›¸š¸¸Ä¢£÷¸ ‚¸ƒÄ‚¸£‡¬¸ú Ÿ¸¸›¸™¿”¸Ê ˆ½Å advances (net of provisions) by RBI, individually to ensure
(œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ ¢›¸¨¸¥¸) ˆÅ¸ ¨¸í›¸ Ÿ¸»¥¡¸ ‚›¸º¬¸¸£ ‚¸¨¸½™›¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ may be materially misstated compliance of the same. Also
if, either individually or in reviewed approval of sanctions
¨¡¸¢Æ÷¸Š¸÷¸ ¡¸¸ ¬¸Ÿ¸½¢ˆÅ÷¸ ³Åœ¸ Ÿ¸Ê Š¸¥¸÷¸ í¾ ÷¸˜¸¸ ‚]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¬¸¾Ÿœ¸¥¸ ˆÅú aggregate the IRAC Norms, against Bank's credit Policy
¨¡¸¢Æ÷¸Š¸÷¸ ³Åœ¸ ¬¸½ ]¸¸¿\¸ ˆÅú í¾ ÷¸¸¢ˆÅ and performance of Credit
í¸½ ¬¸ˆÅ÷¸¸ í¾— are not properly followed.
Assessments and controls.

124
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ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½
¤¸ÿˆÅ ˆÅ¸½ ¤¸”õú ¬¸¿‰¡¸¸ Ÿ¸Ê ¢¨¸¢ž¸››¸ œÏˆÅ¸£ ˆ½Å
„š¸¸£ˆÅ÷¸¸Ä‚¸Ê, „÷œ¸¸™¸Ê, „Ô¸¸½Š¸¸Ê ˆÅ¸½ ¢™‡
Š¸‡ †µ¸¸Ê ¬¸½ †µ¸ ]¸¸½¢‰¸Ÿ¸ ‡Æ¬¸œ¸¸½]¸£
í¾ ‚¸¾£ ƒ¬¸Ÿ¸Ê ‚÷¡¸¢š¸ˆÅ ]¸¢’¥¸÷¸¸‡¿,
‚¢›¸¢ä¸÷¸÷¸¸, ‚¢ŠÏŸ¸¸Ê ˆÅú ¨¸¬¸»¥¸ú ¬¸¿¤¸¿š¸ú
¢›¸µ¸Ä¡¸, œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ ‚›¸ºŸ¸¸›¸ ‚¸¾£ ¤¸’Ã’½
‰¸¸÷¸½ ”¸¥¸½ ]¸¸›¸½ ¨¸¸¥¸½ ‰¸¸÷¸¸Ê ˆÅú œ¸í\¸¸›¸
©¸¸¢Ÿ¸¥¸ í¾— ¡¸¢™ ¤¸ÿˆÅ ׸£¸ ‡½¬¸½ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä
¢™©¸¸¢›¸™½©Ä ¸¸Ê ˆÅ¸ œ¸¸¥¸›¸ ›¸íú¿ ¢ˆÅ¡¸¸ ]¸¸÷¸¸
í¾ ÷¸¸½ ¨¸«¸Ä í½÷¸º ¥¸¸ž¸ ‚¸¾£ ¢›¸¨¸¥¸ ‚¢ŠÏŸ¸¸Ê
ˆÅú ¦¬˜¸¢÷¸ „¢\¸÷¸ [õŠ¿ ¸ ¬¸½ œ¸¢£¥¸¢®¸÷¸ ›¸íú¿
í¸½÷¸ú— ‚÷¸À ퟸ ƒ¬¸½ ‡ˆÅ œÏŸ¸º‰¸ ¥¸½‰¸¸
œ¸£ú®¸¸ ˆÅ¸ Ÿ¸¸Ÿ¸¥¸¸ Ÿ¸¸›¸÷¸½ íÿ—
How our Audit procedures
ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ S.
Key Audit Matters addressed the Key Audit
œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ No
Matters
ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ The Bank has significant Examined early warning signal
Credit Risk Exposure to a large reports, other exceptional
„¬¸ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ¬¸º¢›¸¢ä¸÷¸ ¢ˆÅ¡¸¸ ]¸¸ number of borrowers across reports generated by the
¬¸ˆ½Å— ¬¸¸˜¸ íú, ¤¸ÿˆÅ ˆÅú †µ¸ ›¸ú¢÷¸ ˆ½Å a wide range of borrowers, Bank for the purpose of
‚›¸º¬¸¸£ Ÿ¸¿]¸»¢£¡¸¸Ê ˆ½Å ‚›¸ºŸ¸¸½™›¸ ÷¸˜¸¸ products, industries and there identifying potential NPA and
ǽŢ”’ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¨¸ ¢›¸¡¸¿°¸µ¸ ˆ½Å ˆÅ¸¡¸Ä- is a high degree of complexity, steps taken for monitoring of
uncertainty, judgement such accounts including red
¢›¸«œ¸¸™›¸ ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅú í¾— involved in recoverability flagged accounts to overcome
of Advances, estimation assessed risks and ensure
¬¸¿ž¸¸¢¨¸÷¸ ‡›¸œ¸ú‡ ˆÅú œ¸í\¸¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ effective implementation of
of provisions thereon and
¤¸ÿˆÅ ׸£¸ ¢›¸¢Ÿ¸Ä÷¸ œÏ¸£¿¢ž¸ˆÅ \¸½÷¸¸¨¸›¸ú ¬¸¿ˆÅ½ ÷¸ identification of accounts to be risk management and related
¢£œ¸¸½’¸½,ô ‚›¡¸ ‚¬¸¸š¸¸£µ¸ ¢£œ¸¸½’¸½ô ˆÅú ]¸¸¿\¸ written off. If such prudential controls.
ˆÅú Š¸ƒÄ ‚¸¾£ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ]¸¸½¢‰¸Ÿ¸¸Ê ˆÅ¸½ ™»£ ˆÅ£›¸½ guidelines are not followed by
We have adopted a framework
ˆ½Å ¢¥¸‡ ÷¸˜¸¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ‡¨¸¿ ¬¸¿¤¸¿¢š¸÷¸ the Bank the profit for the year
of carrying out detailed
and the net advances position
¢›¸¡¸¿°¸µ¸¸Ê ˆÅ¸ œÏž¸¸¨¸ú ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ¬¸º¢›¸¢ä¸÷¸ will be materially mis-stated.
verification of corporate
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ £½” É¥¸¾Š¸ ¨¸¸¥¸½ ‰¸¸÷¸¸Ê ¬¸¢í÷¸ wholesale (including
Hence, we consider this as a
Consortium, Pool Buyout
‡½¬¸½ ‰¸¸÷¸¸Ê ˆÅú ¢›¸Š¸£¸›¸ú ˆ½Å ¢¥¸‡ „“¸‡ Š¸‡ Key Audit Matter.
and other large borrowers)
ˆÅ™Ÿ¸ „“¸‡ Š¸‡— by way of review of collateral
documents including valuation
ퟸ›¸½ ¤¸ÿˆÅ ˆ½Å ¤¸”õ½ ¢¨¸Š¸¸½œ¸›¸¸Ê œ¸£ š¡¸¸›¸ reports, due diligence report,
ˆÊÅ¢Í÷¸ ˆÅ£›¸½ ‚¸¾£ ‚¸ˆÅ¥¸›¸ ˆÅ£›¸½ ˆ½Å servicing Agreement, deed of
¢¥¸‡ ÷¸˜¸¸ „ž¸£÷¸½ ]¸¸½¢‰¸Ÿ¸ ˆ½Å ®¸½°¸¸Ê ˆÅ¸½ assignment, JLA and External
ˆÅŸ¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢£œ¸¸½’Ä, Credit rating reports to assess
and focus on larger exposures
¬¸Ÿ¸º¢\¸÷¸ ¬¸¸¨¸š¸¸›¸ú ¢£œ¸¸½’Ä, ¬¸½¨¸¸ of the Bank and mitigating the
ˆÅ£¸£, ¬¸Ÿ¸›¸º™½©¸›¸ ¢¨¸¥¸½‰¸, ]¸½‡¥¸‡ areas of emerging risk. We
‚¸¾£ ¤¸¸í£ú ǽŢ”’ £ÊŠ¸ ¢£œ¸¸½’Ä ¬¸¢í÷¸ have discussed with the Senior
¬¸¿œ¸¸¢æ¸ˆÅ ™¬÷¸¸¨¸½]¸¸Ê ˆÅú ¬¸Ÿ¸ú®¸¸ ˆ½Å Management and performed
our own assessment
Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ˆÅ¸Á£œ¸¸½£½’ ˜¸¸½ˆÅ (¬¸¿‹¸ú¡¸, œ¸»¥¸ including internal and external
¤¸¸¡¸‚¸„’ ‚¸¾£ ‚›¡¸ ¤¸”õ½ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê macroeconomic factors and
¬¸¢í÷¸) ˆÅ¸ ¢¨¸¬÷¸¼÷¸ ¬¸÷¡¸¸œ¸›¸ ˆÅ£›¸½ testing the timelines and the
ˆÅ¸ ‡ˆÅ ü½ÅŸ¸¨¸ˆÄÅ ‚œ¸›¸¸¡¸¸ í¾— ퟸ›¸½ accuracy of risk assessment
¨¸¢£«“ œÏ¤¸¿š¸›¸ ˆ½Å ¬¸¸˜¸ \¸\¸¸Ä ˆÅú í¾ ‚¸¾£ and risk grading against the
Bank's lending policies, IRAC
‚¸¿÷¸¢£ˆÅ ‚¸¾£ ¤¸¸à¸ Ÿ¸¾ÇŸ½ƒˆÅ¸Á›¸¸Á¢Ÿ¸ˆÅ Norms and in accordance with
ˆÅ¸£ˆÅ¸Ê ¬¸¢í÷¸ ‚œ¸›¸½ ‚›¸º¬¸¸£ Ÿ¸»¥¡¸¸¿ˆÅ›¸ Government Policies.
¢ˆÅ¡¸¸ í¾ ‚¸¾£ ¤¸ÿˆÅ ˆÅú †µ¸ ›¸ú¢÷¸¡¸¸Ê, We have examined the Retail
‚¸ƒÄ‚¸£‡¬¸ú Ÿ¸¸›¸™¿”¸Ê ‚¸¾£ ¬¸£ˆÅ¸£ú advances portfolio of the Bank
›¸ú¢÷¸¡¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ]¸¸½¢‰¸Ÿ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ on sampling basis to ensure
‚¸¾£ ]¸¸½¢‰¸Ÿ¸ ŠÏ½¢”¿Š¸ ˆÅú ¬¸’úˆÅ÷¸¸ ˆÅ¸ effective monitoring and
œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ í¾— implementation of IRAC norms
including income recognition,
ퟸ›¸½ ‚¸¡¸ ¢›¸š¸¸Ä£µ¸, ‡½¬¸½ †µ¸¸Ê ˆ½Å provisioning forf such loans.
œÏ¸¨¸š¸¸›¸úˆÅ£µ¸ ¬¸¢í÷¸ ‚¸ƒÄ‚¸£‡¬¸ú Ÿ¸¸›¸™¿”¸Ê The Bank has adopted Loan
Life Cycle Management
ˆÅú œÏž¸¸¨¸ú ¢›¸Š¸£¸›¸ú ‡¨¸¿ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ System for retail loans
¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ›¸Ÿ¸»›¸¸ ‚¸š¸¸£ which effectively monitors,
œ¸£ ¤¸ÿˆÅ ˆ½Å ¢£’½¥¸ ‚¢ŠÏŸ¸ œ¸¸½’ûÄ Å¸½¢¥¸¡¸¸½ ˆÅ¸ controls, the retail portfolio
œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ í¾— ¤¸ÿˆÅ ›¸½ ¢£’½¥¸ †µ¸¸Ê ˆ½Å of the Bank and is tested for
its effective implementation
¢¥¸‡ †µ¸ ¥¸¸ƒûÅ ¬¸¸ƒˆÅ¥¸ œÏ¤¸¿š¸›¸ œÏµ¸¸¥¸ú and performance. We have
ˆÅ¸½ ‚œ¸›¸¸¡¸¸ í¾, ]¸¸½ œÏž¸¸¨¸ú ³Åœ¸ ¬¸½ ¤¸ÿˆÅ ˆ½Å also tested the completeness
¢£’½¥¸ œ¸¸½’ûÄ Å¸½¢¥¸¡¸¸½ ˆÅú ¢›¸Š¸£¸›¸ú, ¢›¸¡¸¿°¸µ¸ and accuracy of the data
ˆÅ£÷¸¸ í¾ ÷¸˜¸¸ „¬¸ˆ½Å œÏž¸¸¨¸ú ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ from the underlying source
systems, tested the automated
‚¸¾£ ˆÅ¸¡¸Ä-¢›¸«œ¸¸™›¸ ˆ½Å ¢¥¸‡ „¬¸ˆÅú ]¸¸¿\¸ ˆÅú calculation and evaluated
Š¸ƒÄ í¾— ퟸ›¸½ ‚¿÷¸¢›¸Ä¢í÷¸ 踸½÷¸ œÏµ¸¸¢¥¸¡¸¸Ê ¬¸½ the bank's oversight of the
”½’¸ ˆÅú œ¸»µ¸Ä÷¸¸ ‚¸¾£ ¬¸’úˆÅ÷¸¸ ˆÅ¸ ž¸ú œ¸£ú®¸µ¸ portfolio.
¢ˆÅ¡¸¸ í¾, ¬¨¸\¸¸¢¥¸÷¸ Š¸µ¸›¸¸ ˆÅú ]¸¸¿\¸ ˆÅú í¾ We have reviewed the Bank’s
‚¸¾£ ¤¸ÿˆÅ ˆ½Å ‚¸½¨¸£¬¸¸ƒ’ œ¸¸½’ûÄ Å¸½¢¥¸¡¸¸½ ˆÅ¸ process for granting moratorium
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ í¾— and restructuring to borrowers
as per the Regulatory Package
ퟸ›¸½ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ‹¸¸½¢«¸÷¸ announced by RBI. We
tested the completeness and
¢›¸¡¸¸Ÿ¸ˆÅ œ¸¾ˆÅ½ ]¸ ˆ½Å ‚›¸º¬¸¸£ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê accuracy of data used for
ˆÅ¸½ ‚¢š¸¬˜¸Š¸›¸ œÏ™¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ computing general provisions
¤¸ÿˆÅ ˆÅú œÏ¢ÇÅ¡¸¸ ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅú í¾— ퟸ›¸½ in line with regulatory package
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸]¸¸£ú ¢›¸¡¸¸Ÿ¸ˆÅ issued by RBI. With respect to
125

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2. ¢›¸¨¸½©¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‚¸¾£ ¨¸Š¸úĈţµ¸À
(‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆ½Å ¢¥¸‡
Ÿ¸í÷¨¸œ¸»µ¸Ä ¥¸½‰¸¸¿ˆÅ›¸ ›¸ú¢÷¸ ˆÅú ‚›¸º¬¸»\¸ú
17 ˆ½Å ›¸¸½’ ÇÅŸ¸¸¿ˆÅ 4 ˆÅ¸ ¬¸¿™ž¸Ä ¥¸Ê—)
‰¸£ú™ ˆ½Å ¬¸Ÿ¸¡¸¢›¸¨¸½©¸ ˆÅ¸½ ¨¡¸¸œ¸¸£ í½÷¸º
š¸¸¢£÷¸ (‡\¸‡ûÅ’ú), ¢¤¸ÇÅú í½÷¸º „œ¸¥¸¤š¸
(‡‡ûҬ¸) ‚¸¾£ œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸
(‡\¸’ú‡Ÿ¸) ª½¢µ¸¡¸¸Ê Ÿ¸Ê ¨¸Š¸úĈż ÷¸ ¢ˆÅ¡¸¸
]¸¸÷¸¸ í¾— œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ ¢ˆÅ‡
]¸¸›¸½ ¨¸¸¥¸½ ¢›¸¨¸½©¸¸Ê ˆÅ¸½ ‡\¸’ú‡Ÿ¸ ¢›¸¨¸½©¸ ˆ½Å
³Åœ¸ Ÿ¸Ê ¨¸Š¸úĈż ÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ¢›¸¨¸½©¸¸Ê
ˆÅ¸ ¨¸Š¸úĈţµ¸, Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‚¸¾£ „¬¸ˆÅ¸
œÏ¸¨¸š¸¸›¸úˆÅ£µ¸ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å
¢™©¸¸¢›¸™½©Ä ¸¸Ê œ¸£ ‚¸š¸¸¢£÷¸ íÿ—
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ]¸¸£ú
¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢›¸¨¸½©¸
œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ‚¢›¸¨¸¸¡¸Ä
í¾ ÷¸˜¸¸ ƒ¬¸Ÿ¸Ê ¤¸ÿˆÅ ׸£¸ ‚œ¸›¸¸‡ Š¸‡
Ÿ¸¸Á”¥¸ ‚¸¾£ ›¸ú¢÷¸ œ¸£ ‚¸š¸¸¢£÷¸ ¤¸¸¿”,
¢”¤¸Ê\¸£ ‚¸¾£ ‚›¡¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å Ÿ¸»¥¡¸
ˆ½Å ¢›¸š¸¸Ä£µ¸ Ÿ¸Ê œÏ¤¸¿š¸›¸ ˆ½Å ¢›¸µ¸Ä¡¸ ˆÅ¸½
©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
¤¸ÿˆÅ ˆ½Å ¢¨¸î¸ú¡¸ œ¸¢£µ¸¸Ÿ¸¸Ê Ÿ¸Ê ‚›¸]¸ÄˆÅ
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆÅ¸ ¬¸¿œ¸»µ¸Ä÷¸¸ Ÿ¸Ê œÏž¸¸¨¸
Ÿ¸í÷¨¸œ¸»µ¸Ä í¾—
¤¸ÿˆÅ ˆ½Å ¢›¸¨¸½©¸ ¬¸½ ‚¸¡¸ Ÿ¸Ê ƒ›¸ Ÿ¸í÷¨¸œ¸»µ¸Ä
¢¤¸¿™º‚¸Ê ˆÅ¸½ š¡¸¸›¸ Ÿ¸Ê £‰¸÷¸½ íº‡ ˆºÅ¥¸
‚¸¡¸ ˆÅ¸ 28.66% ©¸¸¢Ÿ¸¥¸ í¾ ¢]¸¬¸Ÿ¸Ê
Š¸¾£-¢›¸«œ¸¸¢™÷¸ ¢›¸¨¸½©¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸
‚¸¾£ œÏ¸¨¸š¸¸›¸ ©¸¸¢Ÿ¸¥¸ íÿ ¢]¸›íÊ íŸ¸›¸½ ƒ¬¸
œ¸í¥¸» ˆÅ¸½ Ÿ¸º‰¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ³Åœ¸ Ÿ¸Ê
œ¸í\¸¸›¸¸ í¾—
Annual Report 2020-21
How our Audit procedures
ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ S.
Key Audit Matters addressed the Key Audit
œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ No
Matters
ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ additional provision made
by the Bank on account
œ¸¾ˆ½Å]¸ ˆ½Å ‚›¸º³Åœ¸ ¬¸¸Ÿ¸¸›¡¸ œÏ¸¨¸š¸¸›¸¸Ê ˆÅú of the impact of COVID
Š¸µ¸›¸¸ ˆ½Å ¢¥¸‡ „œ¸¡¸¸½Š¸ ¢ˆÅ‡ Š¸‡ ”½’¸ 19 pandemic, we broadly
ˆÅú œ¸»µ¸Ä÷¸¸ ‚¸¾£ ¬¸’úˆÅ÷¸¸ ˆÅ¸ œ¸£ú®¸µ¸ reviewed the underlying
¢ˆÅ¡¸¸ í¾— ˆÅ¸½¢¨¸”19 Ÿ¸í¸Ÿ¸¸£ú ˆ½Å œÏž¸¸¨¸ assumptions and estimates
used by the management for
ˆ½Å ˆÅ¸£µ¸ ¤¸ÿˆÅ ׸£¸ ¢ˆÅ‡ Š¸‡ ‚¢÷¸¢£Æ÷¸ the same but as the extent of
œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê, ퟸ›¸½ œÏ¤¸¿š¸›¸ impact is dependent on future
׸£¸ „œ¸¡¸¸½Š¸ ˆÅú ]¸¸›¸½ ¨¸¸¥¸ú ‚¿÷¸¢›¸Ä¢í÷¸ developments which are highly
Ÿ¸¸›¡¸÷¸¸‚¸Ê ‚¸¾£ ‚›¸ºŸ¸¸›¸¸Ê ˆÅú ¨¡¸¸œ¸ˆÅ uncertain, we primarily relied
³Åœ¸ ¬¸½ ¬¸Ÿ¸ú®¸¸ ˆÅú, ¥¸½¢ˆÅ›¸ ]¸¾¬¸¸ ¢ˆÅ on those assumptions and
estimates, which are subject
œÏž¸¸¨¸ ˆÅú ¬¸úŸ¸¸ ž¸¢¨¸«¡¸ ˆÅú ¦¬˜¸¢÷¸ œ¸£ matter of periodic review by
¢›¸ž¸Ä£ í¾ ‚¸¾£ „¬¸Ÿ¸Ê ˆÅ¸ûÅú ‚¢›¸¢ä¸÷¸÷¸¸‡¿ the Bank.
íÿ, ퟸ›¸½ Ÿ¸º‰¡¸ ³Åœ¸ ¬¸½ „›¸ Ÿ¸¸›¡¸÷¸¸‚¸Ê
We have examined the
‚¸¾£ ‚›¸ºŸ¸¸›¸¸Ê œ¸£ ¢¨¸æ¸¸¬¸ ¢ˆÅ¡¸¸ í¾, ]¸¸½ adequacy and appropriateness
¤¸ÿˆÅ ˆÅú ‚¸¨¸¢š¸ˆÅ ¬¸Ÿ¸ú®¸¸ ˆ½Å ‚š¸ú›¸ íÿ— of disclosures against the
ퟸ›¸½ ‡›¸œ¸ú‡ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ œÏ¸¬¸¿¢Š¸ˆÅ relevant RBI requirements
relating to NPA and applicable
‚¸£¤¸ú‚¸ƒÄ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ‚¸¾£ ¤¸ÿ¢ˆ¿ÅŠ¸ Accounting Standards required
¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸ ‡¨¸¿ ‚¸£¤¸ú‚¸ƒÄ to be made in accordance with
œ¸¢£œ¸°¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢›¸¢Ÿ¸Ä÷¸ ¥¸¸Š¸» ¥¸½‰¸¸ Banking Regulation Act and
Ÿ¸¸›¸ˆÅ¸Ê œ¸£ œÏˆÅ’úˆÅ£µ¸ ˆÅú œ¸¡¸¸Äœ÷¸÷¸¸ RBI Circulars.
‚¸¾£ „œ¸¡¸ºÆ÷¸÷¸¸ ˆÅú ]¸¸¿\¸ ˆÅú í¾— We have also placed reliance
ퟸ›¸½ ‚›¡¸ ¬¸¸¿¢¨¸¢š¸ˆÅ ©¸¸‰¸¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê on the Audit reports of the other
Statutory Branch Auditors, with
ˆ½Å ¬¸¸˜¸ ¢¨¸¢©¸«’ ¬¸¿œÏ½«¸µ¸ ˆÅ£ „›¸ˆÅú whom we have made specific
¥¸½‰¸¸œ¸£ú®¸¸ ¢£œ¸¸½’¸½ô œ¸£ ž¸ú ¢›¸ž¸Ä£÷¸¸ £‰¸ú í¾— communications.
ퟸ›¸½ ¤¸ÿˆÅ ˆ½Å ¨¸Š¸úĈţµ¸, Ÿ¸»¥¡¸¸¿ˆÅ›¸ 2. Classification and Valuation We have tested the design,
of Investments: implementation and operating
œÏ¢ÇÅ¡¸¸, ¬¨¸÷¸¿°¸ Ÿ¸»¥¡¸ ¬¸÷¡¸¸œ¸›¸ ˆÅú ¢™©¸¸
(Refer Note No. 3 of Schedule effectiveness of management’s
Ÿ¸Ê œÏ¤¸¿š¸›¸ ˆ½Å œÏŸ¸º‰¸ ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸¸Ê key internal controls of the
17 of Significant Accounting
ˆ½Å ¢”]¸¸ƒ›¸, ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ‚¸¾£ ¬¸¿\¸¸¥¸›¸ policies to the Standalone Bank towards classification,
œÏž¸¸¨¸©¸ú¥¸÷¸¸ ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ í¾, Financial Statements) valuation process,
¢]¸¬¸Ÿ¸Ê œÏŸ¸º‰¸ œÏ¸¢š¸ˆÅ£µ¸ ‚¸¾£ ”½’¸ independent price verification,
Investments are classified
ƒ›¸œ¸º’ ¢›¸¡¸¿°¸µ¸ ¬¸¢í÷¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆ½Å ¢¥¸‡ into Held for Trading (HFT), including the Bank's review
œÏ¡¸ºÆ÷¸ ‚›¸ºŸ¸¸›¸¸Ê ‚¸¾£ Ÿ¸¸›¡¸÷¸¸‚¸Ê ˆÅú Available for Sale (AFS) and approval of the estimates
¬¸Ÿ¸ú®¸¸ ‚¸¾£ ‚›¸ºŸ¸¸½™›¸ ©¸¸¢Ÿ¸¥¸ íÿ— and Held to Maturity (HTM) and assumptions used for
categories at the time of the valuation including key
ퟸ›¸½ œÏ¸¬¸¿¢Š¸ˆÅ ¢›¸¨¸½©¸ ©¸÷¸¸½ô ˆÅ¸½ ¬¸Ÿ¸^¸›¸½ purchase. Investments authorisation and data input
÷¸˜¸¸ ¢¨¸î¸ú¡¸ ¢¥¸‰¸÷¸¸Ê ˆ½Å Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆ½Å intended to be held till controls.
¢¥¸‡ œÏ¸¬¸¿¢Š¸ˆÅ ¢ˆÅ¬¸ú ž¸ú ¦¬˜¸¢÷¸ ˆÅú maturity are classified as HTM
œ¸í\¸¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¨¸÷¸ÄŸ¸¸›¸ ¨¸«¸Ä ˆ½Å Investments. Classification of We have examined the
™¸¾£¸›¸ ›¸Ÿ¸»›¸¸ ‚¸š¸¸£ œ¸£ ¢›¸¨¸½©¸ ˆÅ£¸£/ Investments, valuation and investment agreement / term
provisioning thereof are based sheet entered into during the
œÏ¢¨¸«’ ’Ÿ¸Ä ©¸ú’ ˆÅú ]¸¸¿\¸ ˆÅú í¾— on RBI guidelines.
current year, on a sample
¤¸ÿˆÅ ˆ½Å ¢›¸¨¸½©¸ œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ ˆ½Å œÏ¢÷¸ Compliance of Investment basis, to understand the
ퟸ¸£¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ´¦«’ˆÅ¸½µ¸ ž¸¸£÷¸ú¡¸ Portfolio as per guidelines relevant investment terms and
¢£{¸¨¸Ä ¤¸ÿˆÅ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ‚¸¾£ issued by RBI is mandatory identify any conditions that
‚›¸ºœ¸¸¥¸›¸ ÷¸˜¸¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸, ¨¸Š¸úĈţµ¸, and involves management were relevant to the valuation
judgement in determining the
‚›¸]¸ÄˆÅ ¢›¸¨¸½©¸ ˆÅú œ¸í\¸¸›¸, ¢›¸¨¸½©¸ ˆ½Å value of bonds, debentures
of financial instruments.
¢¥¸‡ œÏ¸¨¸š¸¸›¸ ‡¨¸¿ ¤¸ÿˆÅ ׸£¸ ‚œ¸›¸¸ƒÄ Š¸ƒÄ and other securities based
œÏ¸¬¸¿¢Š¸ˆÅ ›¸ú¢÷¸¡¸¸Ê ¨¸ œÏ¢ÇÅ¡¸¸‚¸Ê ˆ½Å ¬¸¸˜¸- on the policy and the model Our Audit approach towards
¬¸¸˜¸ ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸ œÏµ¸¸¥¸ú ‚¸¾£ adopted by the Bank. Investment Portfolio of the
bank is based on compliance
¬¸¿¤¸Ö œÏ¢ÇÅ¡¸¸‚¸Ê ˆ½Å œÏž¸¸¨¸ú ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ Impact of Impairment and requirements of RBI
œ¸£ ‚¸š¸¸¢£÷¸ í¾— assessment is having a overall
circulars and directives
significance to the financial
ퟸ›¸½ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅú œÏ÷¡¸½ˆÅ ª½µ¸ú ˆ½Å ¢¥¸‡ results of the Bank. in relation to valuation,
Ÿ¸»¥¡¸¸¿ˆÅ›¸ Ÿ¸Ê ¬¸ºš¸¸£ ˆÅ£ˆ½Å ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä classification, identification of
¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½©Ä ¸¸Ê ‚¸¾£ ¢›¸™½©Ä ¸¸Ê ˆÅ¸½ ‚œ¸›¸¸›¸½ Interest Income from Non Performing Investments,
Investment of the Bank Provision for Investments
ˆÅú ¬¸’úˆÅ÷¸¸ ‚¸¾£ œ¸»µ¸Ä÷¸¸ ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸— comprises 28.66% of the and relevant policies and
œÏ¢÷¸ž¸»¢÷¸ ˆÅú œÏˆ¼Å¢÷¸ ˆ½Å ‚¸š¸¸£ œ¸£ ]¸¸½¢‰¸Ÿ¸ total income in view of these
ž¸¸¢£÷¸ ¢›¸¨¸½©¸¸Ê ˆ½Å ˆÅ¨¸£½]¸ ˆÅ¸½ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ significant points including procedures adopted by the
ˆ½Å ¢¥¸‡ ¢¨¸¢ž¸››¸ ›¸Ÿ¸»›¸½ ÷¸ˆÅ›¸úˆÅ¸Ê ˆÅ¸½ ‚œ¸›¸¸¡¸¸ assessment of non performing Bank including effective
Investments and provisions implementation of Internal
Š¸¡¸¸ ‚¸¾£ ¤¸ÿˆÅ ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ƒ¬¸ˆ½Å we have identified this aspect control system and related
¨¸í›¸ Ÿ¸»¥¡¸ ˆ½Å ¢¥¸‡ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— as a Key Audit Matter. process.
126
Jeeef<e&keÀ efjHeesì& 2020-21
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½
3. ¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú œÏµ¸¸¥¸ú ‚¸¾£
¢›¸¡¸¿°¸µ¸ [¸¿\¸¸ À
‚¸Á’¸½Ÿ¸½©¸›¸ ¨¸ ‚œ¸¢¥¸ˆ½Å©¸›¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸
¬¸½ ‚¢š¸ˆÅ Ÿ¸¸°¸¸ Ÿ¸Ê ¨¡¸¨¸¬¸¸¡¸ œ¸¢£\¸¸¥¸›¸
ˆÅ¸½ ¬¸í¡¸¸½Š¸ œÏ™¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ
ˆ½Å Ÿ¸º‰¡¸ ¨¡¸¨¸¬¸¸¡¸ „Ó½©¡¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸,
Ÿ¸»¥¡¸¸¿ˆÅ›¸, ¢›¸¡¸¿°¸µ¸, ¢›¸Š¸£¸›¸ú, ˆÅ¸¡¸¸Ä›¨¸¡¸›¸
How our Audit procedures
ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ S.
Key Audit Matters addressed the Key Audit
œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ No
Matters
ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ We tested accuracy and
completeness of adoption of
ퟸ›¸½ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅˆ½Å RBI guidelines and directions
¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ œÏ¸¨¸š¸¸›¸¸Ê by reperforming valuations for
each category of the securities.
‚¸¾£ Ÿ¸»¥¡¸Ý¸¬¸ ˆ½Å ¬¨¸÷¸¿°¸ ]¸¸¿\¸ ˆÅú Various sampling techniques
¢¨¸¢š¸ ׸£¸ ¤¸ÿˆÅ ˆ½Å Š¸¾£ ¢›¸«œ¸¸¢™÷¸ were adopted to ensure
¢›¸¨¸½©¸¸Ê ˆÅ¸ ¬¸÷¡¸¸œ¸›¸ ¢ˆÅ¡¸¸ í¾ ‚¸¾£ coverage of risk weighted
Investments based on the
‡½¬¸½ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸ºœ¸¸¥¸›¸ nature of security and were
ˆÅú œ¸º¦«’ ˆÅú í¾— ퟸ¸£½ ׸£¸ tested for its carrying value in
the Financial Statements of
¤¡¸¸]¸/ Ÿ¸»¥¸š¸›¸ ˆ½Å ³Åœ¸¸¿÷¸£µ¸ ˆ½Å the Bank.
œ¸¢£µ¸¸Ÿ¸¬¨¸³Åœ¸ ¢›¸¨¸½©¸¸Ê ˆÅú ‡ˆÅ
We have verified the non
‚¥¸Š¸ ¬¸»\¸ú œÏ¸œ÷¸ ˆÅú ‚¸¾£ ]¸¸¿\¸ performing investments of
ˆÅú Š¸ƒÄ ¢ˆÅ Æ¡¸¸ ƒ›¸ ¢›¸¨¸½©¸¸Ê ˆÅ¸½ the bank by the method of
independent verification of
‡›¸œ¸ú‚¸ƒÄ ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ provisions and depreciation
Š¸¡¸¸ í¾— ƒ¬¸ˆ½Å ¢¥¸‡ \¸º›¸½ Š¸‡ ›¸Ÿ¸»›¸¸Ê in accordance with RBI
Ÿ¸Ê ¤¸ÿˆÅ ˆÅú ‚¸¡¸ œ¸£ ž¸¸¾¢÷¸ˆÅ œÏž¸¸¨¸ guidelines and confirmed
the compliance of such
ˆÅ¸½ ˆÅ¨¸£ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¢›¸¨¸½©¸ ˆÅú guidelines. We have reviewed
‚¢š¸ˆÅ÷¸Ÿ¸ ª½¢µ¸¡¸¸¿ ©¸¸¢Ÿ¸¥¸ íÿ— the application / conversion of
interest / principal towards a
separate List of Investments
ퟸ¸£½ ׸£¸ ›¸Ÿ¸»›¸½ ‚¸š¸¸£ œ¸£ ¢¨¸ÇÅ¡¸ and checking whether these
í½÷¸º „œ¸¥¸¤š¸ (‡‡ûҬ¸) ‚¸¾£ Investments are classified as
NPI. The samples selected for
¨¡¸¸œ¸¸£ í½÷¸º š¸¸¢£÷¸ (‡\¸‡ûÅ’ú) ˆ½Å the same covers the majority
¢›¸¨¸½©¸¸Ê ˆÅú ]¸¸¿\¸ ˆÅú Š¸ƒÄ ‚¸¾£ ‚¸¡¸ categories of Investments to
¢›¸š¸¸Ä£µ¸, ¢¨¸ÇÅ¡¸ œ¸£ ¥¸¸ž¸ ¡¸¸ í¸¢›¸ Ÿ¸Ê cover the material impact on
the income of the Bank.
¢¨¸¢ž¸››¸ ¢¨¸©¥¸½«¸µ¸ˆÅ¸£ú œ¸Ö¢÷¸¡¸¸Ê ˆÅ¸½
¥¸¸Š¸» ¢ˆÅ¡¸¸ Š¸¡¸¸ ÷¸˜¸¸ ¥¸¸ž¸ ¨¸ í¸¢›¸ We have verified Investment
portfolio of AFS and HFT on
Ÿ¸Ê ›¸¸Ÿ¸½/ ]¸Ÿ¸¸ ˆÅ£›¸½ ˆ½Å ]¸¢£‡ ¤¸ÿˆÅ sample basis and performed
׸£¸ ¢›¸¡¸¿°¸µ¸ £‰¸¸ Š¸¡¸¸— various substantive analytical
procedures in determination
of Income, gain / loss on
ퟸ¸£½ ׸£¸ œ¸¢£œ¸Æ¨¸÷¸¸ œ¸£ š¸¸¢£÷¸ sale and tracked the controls
(‡\¸’ú‡Ÿ¸) ¢›¸¨¸½©¸¸Ê ˆÅ¸ œ¸£ú®¸µ¸ implemented by the Bank
through credit / debit in the
¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ œ¸¢£œ¸Æ¨¸÷¸¸ œ¸£ profit and loss account.
š¸¸¢£÷¸ (‡\¸’ú‡Ÿ¸) ˆ½Å ÇÅ¡¸/ ¢¨¸ÇÅ¡¸
We have tested the portfolio
ˆ½Å ¬¸¿¨¡¸¨¸í¸£¸Ê ˆÅú ]¸¸¿\¸ ˆÅú ÷¸˜¸¸ of HTM and made detailed
¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ ¬¸½ ¥¸¸ž¸/ í¸¢›¸ verification of transaction of
purchase / sale of such HTM
ˆÅú œ¸í\¸¸›¸ ˆÅ£ ’ú‚¸ƒÄ¤¸ú”ú ׸£¸ and controls implemented
¥¸Š¸¸‡ Š¸‡ ¢›¸¡¸¿°¸µ¸¸Ê ˆÅ¸½ ¥¸¸Š¸» ¢ˆÅ¡¸¸ by the TIBD in recognizing
÷¸÷œ¸ä¸¸÷¸ 'œ¸»¿]¸úŠ¸÷¸ ‚¸£¢®¸÷¸ ‰¸¸÷¸½' the profit / loss to profit and
loss account and subsequent
ˆÅ¸½ ¢¨¸¢›¸¡¸¸½¢]¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— appropriation to Capital
Reserve Account.
ퟸ›¸½ ¢›¸¨¸½©¸ ˆÅú œÏ÷¡¸½ˆÅ ª½µ¸ú ˆ½Å We have examined the
Ÿ¸»¥¡¸Ý¸¬¸ ‚¸¾£ í¸¢›¸ ˆÅú œ¸¡¸¸Äœ÷¸÷¸¸ adequacy and appropriateness
‚¸¾£ „œ¸¡¸ºÆ÷¸÷¸¸ ˆÅú ]¸¸¿\¸ ˆÅú í¾ ‚¸¾£ of depreciation and
Impairment of each category
ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê of Investment and recomputed
ˆ½Å ‚›¸º¬¸¸£ ¤¸›¸¸‡ £‰¸›¸½ ˆ½Å œÏ¸¨¸š¸¸›¸ the provision to be maintained
in accordance with the RBI
ˆÅ¸½ ¢ûÅ£ ¬¸½ ™¸½í£¸¡¸¸ í¾ ‚¸¾£ ¡¸í Guidelines and ensured
¬¸º¢›¸¢ä¸÷¸ ¢ˆÅ¡¸¸ í¾ ¢ˆÅ ›¸¸½’¸Ê ¬¸½ ‰¸¸÷¸¸Ê that adequate disclosures
Ÿ¸Ê œ¸¡¸¸Äœ÷¸ œÏˆÅ’›¸ ¢ˆÅ‡ Š¸‡ íÿ— have been made in Notes to
Accounts.
¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú ¤¸ÿˆÅ ˆ½Å ¢¨¸¢ž¸››¸ 3. Information Technology Information Technology forms
‡¦œ¥¸ˆ½Å©¸›¸, ]¸›¸£¥¸, ¬¸¸ÁÉ’¨¸½¡¸£ Systems and Control an integral part of operating
requirements of the Bank by
Framework:
¢›¸¡¸¿°¸µ¸¸Ê ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¤¸ÿˆÅ ˆÅú way of various applications,
œ¸¢£\¸¸¥¸›¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅ¸ ‡ˆÅ The Bank’s key business general, software controls
and requires understanding of
objective is determined
‚¢ž¸››¸ ¢í¬¬¸¸ ¤¸›¸¸÷¸ú í¾ ‚¸¾£ ¤¸ÿˆÅ ˆÅú evaluated, controlled, monitored, various systems and procedures
]¸¸½¢‰¸Ÿ¸ ‚¸š¸¸¢£÷¸ ‚¸¾£ ¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ implemented through complex in evaluating the Risk based and
business centric requirements of
ˆÊÅ¢Í÷¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆ½Å Ÿ¸»¥¡¸¸¿ˆÅ›¸ Ÿ¸Ê IT architecture to support high the Bank.
127
 Annual Report 2020-21

How our Audit procedures

ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ S.
Key Audit Matters addressed the Key Audit
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ No
Matters
ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ volume of business operation We have reviewed the various
by automation and application IT policies and procedures
ˆ¿ÅŸœ¸¥¸½Æ¬¸ ‚¸ƒÄ ‚¸¢ˆÄÅ’½Æ\¸£ ˆ½Å ¢¨¸¢ž¸››¸ œÏµ¸¸¢¥¸¡¸¸Ê ‚¸¾£ œÏ¢ÇÅ¡¸¸‚¸Ê ˆÅú which are significant towards including user management,
Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾, ]¸¸½¢ˆÅ ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸Ÿ¸^¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ í¸½÷¸ú í¾— Banking business and plays change management, system
¨¡¸¨¸¬¸¸¡¸ ˆ½Å ¢¥¸‡ ‚÷¡¸¿÷¸ Ÿ¸í÷¨¸œ¸»µ¸Ä íÿ a major role as a backbone security, incident management,
ퟸ›¸½ „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä œÏ¤¸¿š¸›¸, œ¸¢£¨¸÷¸Ä›¸ in achieving the Business physical and environment
÷¸˜¸¸ ¨¡¸¨¸¬¸¸¡¸ ¥¸®¡¸ ˆÅ¸½ œÏ¸œ÷¸ ˆÅ£›¸½ Ÿ¸Ê
œÏ¤¸¿š¸›¸, œÏµ¸¸¥¸ú ¬¸º£®¸¸, ‹¸’›¸¸ œÏ¤¸¿š¸›¸, Objective. security, standard operating
¤¸¾ˆÅ¤¸¸½›¸ ˆ½Å ¬¸Ÿ¸¸›¸ Ÿ¸í÷¨¸œ¸»µ¸Ä ž¸»¢Ÿ¸ˆÅ¸
ž¸¸¾¢÷¸ˆÅ ‚¸¾£ œ¸¡¸¸Ä¨¸£µ¸ ¬¸º£®¸¸, Ÿ¸¸›¸ˆÅ The Bank's financial
procedures, Segregation of
¢›¸ž¸¸÷¸½ íÿ— duty, BCP, DRP, service level
¬¸¿\¸¸¥¸›¸ œÏ¢ÇÅ¡¸¸, ˆÅ¸¡¸Ä ˆÅ¸ œ¸¼˜¸ÆˆÅ£µ¸, accounting process in respect
‚¸¡¸ ˆÅú Ÿ¸¸›¡¸÷¸¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¤¸ÿˆÅ ˆÅú ¤¸ú¬¸úœ¸ú, ”ú‚¸£œ¸ú, ¬¸½¨¸¸ ¬÷¸£ ¬¸Ÿ¸^¸¸¾÷¸½, agreements, security policies
of recognition of Income,
classification of Assets to ensure these are in line
¢¨¸î¸ú¡¸ ¥¸½‰¸¸¿ˆÅ›¸ œÏ¢ÇÅ¡¸¸, ‚¸ƒÄ‚¸£‡¬¸ú ¬¸º£®¸¸ ›¸ú¢÷¸¡¸¸Ê ¬¸¢í÷¸ ¢¨¸¢ž¸››¸ ‚¸ƒÄ’ú with business requirements
Ÿ¸¸›¸™¿”¸Ê ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ‚¸¦¬÷¸¡¸¸Ê ›¸ú¢÷¸¡¸¸Ê ‚¸¾£ œÏ¢ÇÅ¡¸¸‚¸Ê ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅú through IRAC Norms and
evaluating the performance of the Bank and to comply
ˆÅ¸ ¨¸Š¸úĈţµ¸ ÷¸˜¸¸ ¤¸ÿˆÅ ˆ½Å œÏ™©¸Ä›¸ í¾ ¢]¸¬¸¬¸½ ¡¸í ¬¸º¢›¸¢ä¸÷¸ ¢ˆÅ¡¸¸ ]¸¸ ¬¸ˆ½Å of the Bank and producing with government and RBI
ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆÅ£›¸½ ‚¸¾£ ¢¨¸¢ž¸››¸ ¢ˆÅ ¡¸í ¬¸ž¸ú ¤¸ÿˆÅ ˆÅú ¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ the desired output through regulations.
‡¦œ¥¸ˆ½Å©¸›¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¨¸¸¿¢Ž÷¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ‚¸¾£ ¬¸£ˆÅ¸£ ‚¸¾£ various application and other We have adopted various
‚¸„’œ¸º’ œÏ™¸›¸ ˆÅ£›¸½ ÷¸˜¸¸ ‚›¡¸ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢›¸¡¸Ÿ¸¸Ê ˆÅ¸ IT general controls to ensure techniques such as enquiry,
the required business Output review of documentation,
‚¸ƒÄ’ú ¬¸¸Ÿ¸¸›¡¸ ¢›¸¡¸¿°¸µ¸ ‚¸¨¸©¡¸ˆÅ ‚›¸ºœ¸¸¥¸›¸ ˆÅú ¢™©¸¸ Ÿ¸Ê í¾— and helps us to arrive at the
¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ ‚¸„’œ¸º’ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ record, reports, observation,
ퟸ¸£½ ׸£¸ ¢¨¸¢ž¸››¸ ÷¸ˆÅ›¸úˆÅ¸Ê ˆÅ¸½ Audit conclusion to ensure and re performance of
ˆ½Å ¢¥¸‡ ‚¸¾£ Š¸ºµ¸¨¸î¸¸ œÏ™©¸Ä›¸ ¢¨¸î¸ú¡¸ quality performance Financial various application controls
‚œ¸›¸¸¡¸¸ Š¸¡¸¸ ]¸¾¬¸½ ¢ˆÅ ]¸¸¿\¸-œ¸”õ÷¸¸¥¸; & Accounting Processes.
‚¸¾£ ¥¸½‰¸¸ œÏ¢ÇÅ¡¸¸‚¸Ê ˆÅ¸½ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ by taking adequate samples
ퟸ¸£½ œ¸£ú®¸µ¸ ˆ½Å ¢¥¸‡ œ¸¡¸¸Äœ÷¸ ›¸Ÿ¸»›¸½
ˆ½Å ¢¥¸‡ ¥¸½‰¸¸ œ¸£ú®¸¸ ¢›¸«ˆÅ«¸Ä œ¸£ œ¸íº¿\¸›¸½ We have identified various of instances for our test. We
¥¸½ˆÅ£ ¢¨¸¢ž¸››¸ ‡¦œ¥¸ˆ½Å©¸›¸ ¢›¸¡¸¿°¸µ¸¸Ê have also tested validation
í½÷¸º ퟸ¸£ú ¬¸í¸¡¸÷¸¸ ˆÅ£÷¸¸ í¾— application and control
ˆ½Å ™¬÷¸¸¨¸½{¸úˆÅ£µ¸, ‚¢ž¸¥¸½‰¸, ¢£œ¸¸½’Ä, framework in implementing checks using negative testing
ퟸ›¸½ ¢¨¸¢ž¸››¸ „÷œ¸¸™¸Ê ‚¸¾£ ¡¸¸½]¸›¸¸‚¸Ê ‚¨¸¥¸¸½ˆÅ›¸ ‚¸¾£ œ¸º›¸À œÏ™©¸Ä›¸ ˆÅú various products and schemes technique.
ˆÅ¸½ ¥¸¸Š¸» ˆÅ£›¸½ Ÿ¸Ê ¢¨¸¢ž¸››¸ ‚›¸ºœÏ¡¸¸½Š¸ ¬¸Ÿ¸ú®¸¸— ퟸ›¸½ ¢›¸Š¸½¢’¨¸ ]¸¸¿\¸ ÷¸ˆÅ›¸úˆÅ ˆ½Å which covers majority of
We have tested various
‚¸¾£ ¢›¸¡¸¿°¸µ¸ [¸¿\¸½ ˆÅú œ¸í\¸¸›¸ ˆÅú í¾ ]¸¸½ „œ¸¡¸¸½Š¸ ¬¸½ ¨¸¾š¸÷¸¸ ˆÅú ]¸¸¿\¸ ˆÅ¸ œ¸£ú®¸µ¸ Bank’s business and hence
we consider Information compensating controls
¤¸ÿˆÅ ¨¡¸¨¸¬¸¸¡¸ ˆ½Å ‚¢š¸ˆÅ¸¿©¸ ž¸¸Š¸ ˆÅ¸½ ž¸ú ¢ˆÅ¡¸¸ Š¸¡¸¸— Technology Systems and and performed alternate
ˆÅ¨¸£ ˆÅ£÷¸½ íÿ ‚¸¾£ ƒ¬¸¢¥¸‡ ퟸ ¬¸»\¸›¸¸ Control as a Key Audit Matter. procedures which were
ퟸ¸£½ ׸£¸ ¢¨¸¢ž¸››¸ ®¸¢÷¸œ¸»¢÷¸Ä ¢›¸¡¸¿°¸µ¸¸Ê necessary and gathered a
œÏ¸¾Ô¸¸½¢Š¸ˆÅú œÏµ¸¸¢¥¸¡¸¸Ê ‚¸¾£ ¢›¸¡¸¿°¸µ¸ ˆÅ¸½
ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ ¨¸¾ˆÅ¦¥œ¸ˆÅ comprehensive understanding
‡ˆÅ Ÿ¸º‰¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ³Åœ¸ Ÿ¸Ê Ÿ¸¸›¸÷¸½
œÏ¢ÇÅ¡¸¸‚¸Ê ˆÅ¸ ¢›¸«œ¸¸™›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ]¸¸½ of IT applications landscape
íÿ— implemented by the Bank.
‚¸¨¸©¡¸ˆÅ ˜¸½ ‚¸¾£ ¤¸ÿˆÅ ׸£¸ ˆÅ¸¡¸¸Ä¦›¨¸÷¸
It was followed by process
¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú œÏ¡¸¸½Š¸ œ¸¢£´©¡¸ ˆÅú
understanding mapping of
¨¡¸¸œ¸ˆÅ ¬¸Ÿ¸^¸ ‡ˆÅ¢°¸÷¸ ˆÅú— ƒ¬¸ˆ½Å ¤¸¸™ application to the same and
œÏ¡¸¸½Š¸ ˆÅú Ÿ¸¾¢œ¸¿Š¸ ˆÅ¸½ ¬¸Ÿ¸^¸›¸½ ‚¸¾£ ¥¸¸½Š¸¸Ê, understanding financial risk
œÏ¢ÇÅ¡¸¸ ‚¸¾£ œÏ¸¾Ô¸¸½¢Š¸ˆÅú ׸£¸ „÷œ¸››¸ posed by people, process and
¢¨¸î¸ú¡¸ ]¸¸½¢‰¸Ÿ¸ ˆÅ¸½ ¬¸Ÿ¸^¸›¸½ ˆÅú œÏ¢ÇÅ¡¸¸ technology.
ˆÅ¸ œ¸¸¥¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— We have also assessed areas
including password policies,
ퟸ¸£½ ׸£¸ œ¸¸¬¸¨¸”Ä ›¸ú¢÷¸¡¸¸Ê, ¬¸º£®¸¸ security configuration, system
ˆÅ¸Á¦›ûöÅŠ¸£½©¸›¸, ¢¬¸¬’Ÿ¸ ƒ¿’£ûö½Å¬¸ interface controls over changes
]¸¾¬¸½ ‡œ¥¸úˆ½Å©¸›¸ ‚¸¾£ ”½’¸¤¸½¬¸ ‚¸¾£ to applications and databases
„¬¸ ¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä‚¸Ê ˆ½Å and that business users
œ¸¢£¨¸÷¸Ä›¸¸Ê œ¸£ ¢›¸¡¸¿°¸µ¸ ˆÅ¸ ž¸ú ‚¸ˆÅ¥¸›¸ and controls to ensure that
developers and production
¢ˆÅ¡¸¸ Š¸¡¸¸ ÷¸˜¸¸ ¡¸í ¢›¸¡¸¿°¸µ¸ ¬¸º¢›¸¢ä¸÷¸ support did not have access
¢ˆÅ¡¸¸ Š¸¡¸¸ ¢ˆÅ ”½¨¸¥¸œ¸¬¸Ä ‚¸¾£ œÏ¸½”Æ©¸›¸ to change applications,
¬¸œ¸¸½’Ä ˆ½Å œ¸¸¬¸ ‡œ¥¸úˆ½Å©¸›¸ ˆÅ¸½ ¤¸™¥¸›¸½ the operating systems or
ˆ½Å ¢¥¸‡ œ¸íº¿\¸ ›¸íú¿ í¾, ˆÅ¸¡¸¸½ô ˆÅ¸ ¬¸Ÿ¸º¢\¸÷¸ databases in the production
œ¸¼˜¸ÆˆÅ£µ¸ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ environment to ensure proper
segregation of duties is in place
œÏ¸½”Æ©¸›¸ ¨¸¸÷¸¸¨¸£µ¸ Ÿ¸Ê ‚¸Áœ¸£½¢’¿Š¸ as per the SOP.
¢¬¸¬’Ÿ¸ ¡¸¸ ”½’¸¤¸½¬¸, ‡¬¸‚¸½œ¸ú ˆ½Å We have tested certain critical
‚›¸º¬¸¸£ ¤¸›¸¸¡¸¸ Š¸¡¸¸ í¾— aspects of cyber security on
network security management
ퟸ¸£½ ׸£¸ ›¸½’¨¸ˆÄÅ ¬¸º£®¸¸ œÏ¤¸¿š¸›¸ ÷¸¿°¸ mechanism, operational
œ¸£ ¬¸¸ƒ¤¸£ ¬¸º£®¸¸ ˆ½Å ˆºÅŽ Ÿ¸í÷¨¸œ¸»µ¸Ä security of key information
œ¸í¥¸º‚¸Ê, œÏŸ¸º‰¸ ¬¸»\¸›¸¸ ‚¨¸¬¸¿£\¸›¸¸ infrastructure, data and client
ˆ½Å œ¸¢£\¸¸¥¸›¸ ¬¸º£®¸¸, ”½’¸ ‚¸¾£ information management,
Æ¥¸¸ƒ¿’ ¬¸»\¸›¸¸ œÏ¤¸¿š¸›¸, ¢›¸Š¸£¸›¸ú ‚¸¾£ monitoring and emergency
management. through certain
‚¸œ¸¸÷¸ˆÅ¸¥¸ú›¸ œÏ¤¸¿š¸›¸ ˆÅ¸½ ퟸ¸£½ ׸£¸ data drill conducted by the
‚¸¡¸¸½¢]¸÷¸ ˆºÅŽ ”½’¸ ¢”兩 ˆ½Å Ÿ¸¸š¡¸Ÿ¸ Management and scrutinused
¬¸½ ‚¸¾£ ‚¸¨¸©¡¸ˆÅ œ¸¢£µ¸¸Ÿ¸¸Ê ˆÅú ÷¸º¥¸›¸¸ by us and comparing the
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ í¾— required results.

128
Jeeef<e&keÀ efjHeesì& 2020-21

How our Audit procedures

ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ S.
Key Audit Matters addressed the Key Audit
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ No
Matters
ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ We have also assessed
the requirement of the
ퟸ¸£½ ׸£¸ ˆÅ¸½¢¨¸”-19 ˆ½Å œÏž¸¸¨¸ ˆ½Å ˆÅ¸£µ¸ implementation of Business
¤¸ÿˆÅ ׸£¸ ©¸º³Å ˆÅú Š¸ƒÄ ¨¡¸¸œ¸¸£ ¢›¸£¿÷¸£÷¸¸ Continuity Plan initiated by the
¡¸¸½]¸›¸¸ ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆÅ¸ Bank due to impact of COVID
-19 pandemic and ensured
ž¸ú Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ ˆÅ¸½¢¨¸”-19 sustainability and growth under
ˆÅú œ¸¢£¦¬˜¸¢÷¸¡¸¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸£¿÷¸£÷¸¸ COVID -19 circumstances.
÷¸˜¸¸ ¨¸¼¢Ö ¬¸º¢›¸¢ä¸÷¸ ˆÅú— We have verified the testing
report carried out by the
ퟸ›¸½ œÏ¤¸¿š¸›¸ ׸£¸ ‚¢š¸ˆÅ ¬¸Ÿ¸ŠÏ, ¨¡¸¸œ¸ˆÅ Management on risk of
÷¸£úˆ½Å ¬¸½ ¢ˆÅ‡ Š¸‡ ¬¸º£®¸¸ ¢›¸¡¸¿°¸µ¸ ˆ½Å implementation of security
ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆ½Å ]¸¸½¢‰¸Ÿ¸ ˆÅ¸ œ¸£ú®¸µ¸ control in a more holistic,
¢ˆÅ¡¸¸ í¾, ÷¸¸¢ˆÅ ¬¸º¢›¸¢ä¸÷¸ í¸½ ¢ˆÅ ¬¸ž¸ú comprehensive way, ensuring
that all business decisions
¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ ¢›¸µ¸Ä¡¸ ¤¸ÿˆÅ ˆ½Å „Ó½©¡¸ are based on proper Risk
œ¸£ ‚¢›¸¢ä¸÷¸÷¸¸‚¸Ê ˆ½Å ¬¸Ÿ¸ŠÏ œÏž¸¸¨¸ ˆÅ¸½ assessment and management
™½‰¸÷¸½ íº‡ „¢\¸÷¸ ]¸¸½¢‰¸Ÿ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ considering the overall effect
of uncertainties on the Bank's
‚¸¾£ œÏ¤¸¿š¸›¸ œ¸£ ‚¸š¸¸¢£÷¸ íÿ— Objective.
4. œÏ¸¨¸š¸¸›¸ ‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸‡¿ : ퟸ›¸½ ƒ¬¸ ¦¬˜¸¢÷¸ ˆ½Å ‚›¸ºˆ»Å¥¸ „¢\¸÷¸ 4. Provisions and Contingent We have obtained an
¥¸½‰¸¸œ¸£ú®¸¸ ˆÅ¸¡¸Ä¢¨¸¢š¸¡¸¸Ê ˆÅ¸ ¢›¸š¸¸Ä£µ¸ Liability: understanding of Internal
‚›¡¸ œ¸®¸¸Ê ׸£¸ ™¸¡¸£ ¢ˆÅ‡ Š¸‡ ™¸¨¸½ Controls relevant to the
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¥¸½‰¸¸œ¸£ú®¸¸ ˆ½Å ¬¸¿¤¸Ö Assessment of Provisions and audit in order to design
¢]¸›íÊ †µ¸ (‚›¸º¬¸»\¸ú 17 ˆÅú ›¸¸½’ Contingent Liability in respect our audit procedures that
‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸¸Ê ˆÅ¸½ ¬¸Ÿ¸^¸ ¢¥¸¡¸¸ í¾— of certain litigations on various
ÇÅ.10 ‚¸¾£ ‚›¸º¬¸»\¸ú 18 ˆÅú ¢’œœ¸µ¸ú are appropriate in the
claims filed by other parties not circumstances.
ÇÅ.10.15) ˆ½Å ³Åœ¸ Ÿ¸Ê ›¸íú¿ Ÿ¸¸›¸¸ Š¸¡¸¸ Ÿ¸ºˆÅ™Ÿ¸¸Ê/ ˆÅ£ ¢›¸š¸¸Ä£µ¸¸Ê ˆÅú ¨¸÷¸ÄŸ¸¸›¸ acknowledged as debt (Note
í¾, ˆ½Å ˆÅ¢÷¸œ¸¡¸ ‚™¸¥¸÷¸ú Ÿ¸¸Ÿ¸¥¸¸Ê Ÿ¸Ê ¦¬˜¸¢÷¸ ˆÅ¸½ ¬¸Ÿ¸^¸›¸¸— ¢¨¸¢ž¸››¸ ˆÅ£ No. 10 of Schedule 17 and Understanding the current
œÏ¸¨¸š¸¸›¸¸Ê ‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸‚¸Ê ˆÅ¸ œÏ¸¢š¸ˆÅ£µ¸¸Ê/ ›¡¸¸¢¡¸ˆÅ Ÿ¸¿\¸¸Ê ¬¸½ œÏ¸œ÷¸ Note No. 10.15 of Schedule status of the litigations / tax
18) assessments. Examining
Ÿ¸»¥¡¸¸¿ˆÅ›¸— ¨¸÷¸ÄŸ¸¸›¸ ‚¸™½©¸¸Ê ‚¸¾£ ¬¸¿œÏ½«¸µ¸¸Ê ˆÅú ]¸¸¿\¸ recent orders and
ˆÅ£›¸¸ ‚¸¾£ „¬¸ œ¸£ ‚›¸º¨¸÷¸úÄ ˆÅ¸£Ä¨¸¸ƒÄ There is high level of judgement communications received from
œÏ¸¨¸š¸¸›¸ ˆ½Å ¬÷¸£ ˆÅ¸ ‚›¸ºŸ¸¸›¸ ¥¸Š¸¸›¸½ Ÿ¸Ê required in estimating the level various tax authorities / judicial
„\\¸ ¬÷¸£ ˆ½Å ¢›¸µ¸Ä¡¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆÅ£›¸¸; of provisioning. The Bank's forums and follow up actions
assessment is supported by thereon;
í¸½÷¸ú í¾— ¤¸ÿˆÅ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ Ÿ¸¸Ÿ¸¥¸½ ˆ½Å œÏ¬÷¸º÷¸ ¢ˆÅ‡ Š¸‡ ˆÅ¸£µ¸¸Ê ˆ½Å ¬¸¿™ž¸Ä Ÿ¸Ê the facts of matter, their own
÷¸˜¡¸¸Ê, ‚œ¸›¸½ ¬¨¸¡¸¿ ˆ½Å ¢›¸µ¸Ä¡¸, ¢œ¸Ž¥¸½ „œ¸¥¸¤š¸ ¢¨¸©¸½«¸±¸¸Ê ˆÅú £¸¡¸ ¬¸¢í÷¸ ¬¨¸÷¸¿°¸ judgement, past experience, Evaluated the merit of
‚›¸ºž¸¨¸ ‚¸¾£ ˆÅ¸›¸»›¸ú ¨¸ ¬¨¸÷¸¿°¸ ¢¨¸©¸½«¸±¸¸Ê ˆÅ¸›¸»›¸ú/ ˆÅ£ ¬¸¥¸¸í ˆ½Å ‚¸š¸¸£ œ¸£ and advice from legal and the subject matter under
independent experts wherever consideration with reference to
¬¸½ ¬¸¥¸¸í, ]¸í¸¿ ž¸ú ‚¸¨¸©¡¸ˆÅ í¸½, ׸£¸ ¢¨¸\¸¸£¸š¸ú›¸ ¢¨¸«¸¡¸ ¨¸¬÷¸º ˆÅú ¡¸¸½Š¡¸÷¸¸ ˆÅ¸ considered necessary. the grounds presented therein
¬¸Ÿ¸¢˜¸Ä÷¸ í¾— ÷¸™›¸º¬¸¸£, ‚›¸œ¸½¢®¸÷¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— \¸\¸¸Ä, ¢¨¸\¸¸£¸š¸ú›¸ Accordingly, unexpected and available independent legal
œÏ¢÷¸ˆ»Å¥¸ œ¸¢£µ¸¸Ÿ¸ ¤¸ÿˆÅ ׸£¸ ¢£œ¸¸½’Ä ¢ˆÅ‡ Ÿ¸¸Ÿ¸¥¸½ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¢¨¸«¸¡¸ ¨¸¬÷¸º ˆÅ¸ adverse outcomes may / tax advice including opinion of
significantly impact the Bank's experts. Review and analysis of
Š¸‡ ¥¸¸ž¸ ‚¸¾£ ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê œÏ¬÷¸º÷¸ ¢ˆÅ‡ ¬¸¿ŠÏíµ¸, ¬¸¿ž¸¸¢¨¸÷¸ œ¸¢£µ¸¸Ÿ¸ ‚¸¾£ reported profit and state of evaluation of the contentions of
Š¸‡ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅú ¦¬˜¸¢÷¸ ˆÅ¸½ Ÿ¸í÷¨¸œ¸»µ¸Ä œ¸¢£µ¸¸Ÿ¸ú ¬¸¿ž¸¸¢¨¸÷¸ ¤¸¢í¨¸¸Äí ˆ½Å Ÿ¸¸š¡¸Ÿ¸ affairs presented in Balance the Bank through discussions,
³Åœ¸ ¬¸½ œÏž¸¸¢¨¸÷¸ ˆÅ£ ¬¸ˆÅ÷¸½ íÿ— Sheet. collection of details of the subject
¬¸½ ¤¸ÿˆÅ ˆ½Å ÷¸ˆÄÅ ˆ½Å Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆÅú ¬¸Ÿ¸ú®¸¸ matter under consideration, the
‚¸¾£ ¢¨¸©¥¸½«¸µ¸ ˆÅ£›¸¸— We determined the above area likely outcome and consequent
ퟸ›¸½ ƒ›¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å œ¸¢£µ¸¸Ÿ¸ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ as a Key Audit Matter in view of potential outflows on those
‚¢›¸¢ä¸÷¸÷¸¸ ˆÅ¸½ š¡¸¸›¸ Ÿ¸Ê £‰¸÷¸½ íº‡ associated uncertainty relating issues.
Ÿ¸í÷¨¸œ¸»µ¸Ä Ÿ¸ºˆÅ™Ÿ¸¸Ê ‚¸¾£ ˆÅ£¸š¸¸›¸ Ÿ¸¸Ÿ¸¥¸¸Ê
„œ¸£¸½Æ÷¸ ®¸½°¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸ ‡ˆÅ œÏŸ¸º‰¸ to outcome of these matters
¬¸½ ¬¸¿¤¸¿¢š¸÷¸ œÏˆÅ’›¸¸Ê ˆÅ¸½ ¬¸÷¡¸¸¢œ¸÷¸ ¢ˆÅ¡¸¸ which requires application of Verified the disclosures related
¥¸½‰¸¸œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢ˆÅ¡¸¸, judgement in interpretation of to significant litigations and
Š¸¡¸¸—
¢]¸¬¸ˆ½Å ¢¥¸‡ ˆÅ¸›¸»›¸ ˆÅú ¨¡¸¸‰¡¸¸ Ÿ¸Ê ¢›¸µ¸Ä¡¸ Law. taxation matters.
ˆÅ¸½ ¥¸¸Š¸» ˆÅ£›¸½ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ í¸½÷¸ú í¾— ÷¸™›¸º¬¸¸£, ퟸ¸£ú ¥¸½‰¸¸œ¸£ú®¸¸ Ÿ¸Ê Accordingly, our audit was
¢¨¸\¸¸£¸š¸ú›¸ ¢¨¸«¸¡¸ ˆ½Å ÷¸˜¡¸¸Ê ˆÅ¸ focused on analysing the
¢¨¸©¥¸½«¸µ¸ ˆÅ£›¸½ ‚¸¾£ ¢›¸µ¸Ä¡¸/ ˆÅ¸›¸»›¸ ˆ½Å facts of subject matter under
consideration and judgements
¢¨¸¨¸½\¸›¸ œ¸£ š¡¸¸›¸ ˆÊÅ¢Í÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ˜¸¸— / interpretation of law involved.
5. ˆÅ¸½¢¨¸”-19 œÏˆÅ¸½œ¸ ˆ½Å ‚¸¥¸¸½ˆÅ Ÿ¸Ê ˆÅ¸½¢¨¸”-19 Ÿ¸í¸Ÿ¸¸£ú ˆ½Å ˆÅ¸£µ¸ ퟸ›¸½ 5. Modified Audit Procedures Due to the COVID-19
carried out in light of Pandemic, we carried out
‚œ¸›¸¸ƒÄ Š¸ƒÄ ¬¸¿©¸¸½¢š¸÷¸ ¥¸½‰¸¸œ¸£ú®¸¸ ¥¸½‰¸¸œ¸£ú®¸¸ £¸¡¸ ¤¸›¸¸›¸½ ‚¸¾£ „¢\¸÷¸ COVID-19 outbreak: modified audit procedures to
ˆÅ¸¡¸Ä¢¨¸¢š¸ À ‚¸æ¸¸¬¸›¸ œÏ¸œ÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¬¸¿©¸¸½¢š¸÷¸ obtain reasonable assurance
¥¸½‰¸¸œ¸£ú®¸¸ ˆÅ¸¡¸Ä¢¨¸¢š¸ ¬¸¿œ¸¸¢™÷¸ ˆÅú— In view of the COVID-19 to form an audit opinion.
ˆÅ¸½¢¨¸”-19 Ÿ¸í¸Ÿ¸¸£ú ˆ½Å ˆÅ¸£µ¸ ˆÊÅÍ/ ¬¸¿©¸¸½¢š¸÷¸ ¥¸½‰¸¸œ¸£ú®¸¸ ˆÅ¸¡¸Ä¢¨¸¢š¸ ˆÅ¸½ pandemic, lockdown and travel To carry out modified audit
restrictions imposed by Central procedure, the Bank has
£¸]¡¸ ¬¸£ˆÅ¸£/ ¬˜¸¸›¸ú¡¸ œÏ¸¢š¸ˆÅ£µ¸¸Ê œ¸»£¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ›¸½ ¥¸½‰¸¸œ¸£ú®¸¸ / State Government / Local made available to us a
׸£¸ ퟸ¸£½ ¥¸½‰¸¸œ¸£ú®¸¸ ‚¨¸¢š¸ ˆ½Å ˆ½Å ¢¥¸‡ ‚¸¨¸©¡¸ˆÅ ¢£œ¸¸½’¸½ô ‚¸¾£ Authorities during the period of customized intranet portals
™¸¾£¸›¸ ¥¸Š¸¸‡ Š¸‡ ¥¸¸ÁˆÅ”¸„›¸ ‚¸¾£ ™¬÷¸¸¨¸½]¸¸Ê ˆÅ¸½ ™½‰¸›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ our audit, the Bank to facilitated hosted on Bank's network
carrying out audit remotely as enabling us to access
¡¸¸°¸¸ œÏ¢÷¸¤¸¿š¸¸Ê ˆ½Å ˆÅ¸£µ¸ ž¸¸¾¢÷¸ˆÅ ³Åœ¸ ˆ½Å ›¸½’¨¸ˆÄÅ œ¸£ íŸ¸Ê ‡ˆÅ ˆÅ¬’Ÿ¸¸ƒÄ]” physical access was prohibited, reports and documents

129
 Annual Report 2020-21

How our Audit procedures

ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½
¬¸½ ©¸¸‰¸¸ ˆÅ¸½ ž¸Ê’ ™½›¸¸ ¬¸¿ž¸¨¸ ›¸íú¿ ˜¸¸—
‚÷¸À ¤¸ÿˆÅ¸Ê ˆÅ¸½ ¥¸½‰¸¸œ¸£ú®¸¸ ‚›¡¸ ¬˜¸¸›¸
¬¸½ ˆÅ£›¸½ ˆ½Å ¢›¸™½Ä©¸ ]¸¸£ú ¢ˆÅ‡ Š¸‡—
œ¸¢£µ¸¸Ÿ¸¬¨¸³Åœ¸ ¤¸ÿˆÅ ˆÅú ˆÅƒÄ ©¸¸‰¸¸‚¸Ê/
‚¿\¸¥¸¸Ê/ œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ ˆ½Å œ¸¢£¬¸£ ˆÅ¸½
ž¸Ê’ ™½ˆÅ£ ¥¸½‰¸¸œ¸£ú®¸¸ ¬¸¿œ¸››¸ ›¸íú¿ ˆÅú
]¸¸ ¬¸ˆÅú— \¸»¿¢ˆÅ ퟸ ¨¡¸¢Æ÷¸Š¸÷¸/ ž¸¸¾¢÷¸ˆÅ
³Åœ¸ ¬¸½ ¥¸½‰¸¸œ¸£ú®¸¸ ˆ½Å ¬¸¸®¡¸ œÏ¸œ÷¸
›¸íú¿ ˆÅ£ ¬¸ˆÊÅ ‚¸¾£ ©¸¸‰¸¸‚¸Ê/ ‚¿\¸¥¸/
œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ ˆ½Å œ¸™¸¢š¸ˆÅ¸¢£¡¸¸Ê ¬¸½
¨¡¸¢Æ÷¸Š¸÷¸ ³Åœ¸ ¬¸½ \¸\¸¸Ä ž¸ú ›¸íú¿ ˆÅú ]¸¸
¬¸ˆÅú— ÷¸™›¸º¬¸¸£, ퟸ¸£ú ¥¸½‰¸¸œ¸£ú®¸¸
ˆÅ¸¡¸Ä¢¨¸¢š¸ ˆÅ¸½ ‚›¡¸ ¬˜¸¸›¸¸Ê ¬¸½ ˆÅ£›¸½ ˆ½Å
¢¥¸‡ ¬¸¿©¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—
ퟸ›¸½ ‡½¬¸½ ¬¸¿©¸¸½¢š¸÷¸ ¥¸½‰¸¸œ¸£ú®¸¸
ˆÅ¸¡¸Ä¢¨¸¢š¸ ˆÅú œ¸í\¸¸›¸ œÏŸ¸º‰¸ ¥¸½‰¸¸œ¸£ú®¸¸
Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ³Åœ¸ Ÿ¸Ê ˆÅú í¾—
ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ S.
Key Audit Matters addressed the Key Audit
œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ No
Matters
ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ therefore audit could not be we sought necessary for the
conducted by visiting the purpose of Audit.
ƒ¿’︛¸½’ œ¸¸½’Ä¥¸ „œ¸¥¸¤š¸ ˆÅ£¸¡¸¸ í¾— premises of many Branches /
ퟸ¸£½ ¬¸¿©¸¸½¢š¸÷¸ ¥¸½‰¸¸œ¸£ú®¸¸ ˆÅ¸¡¸Ä¢¨¸¢š¸ Zones / HO of the bank. As we Our modified audit procedure
could not obtain audit evidence included;
Ÿ¸Ê ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ©¸¸¢Ÿ¸¥¸ í¾; in person / physically and 1. Conducted
verification
1. ˆÅ¸½¢¨¸”-19 ˆ½Å ˆÅ¸£µ¸ ]¸í¸¿ ž¸¸¾¢÷¸ˆÅ personal interactions with the of necessary records /
²Åœ¸ ¬¸½ ]¸¸›¸¸ ¢›¸¢«¸Ö ˜¸¸, ¤¸ÿˆÅ ˆÅú officials at the Branches / Zone documents / CBS and
/ Head Office, accordingly other application software
„›¸ ©¸¸‰¸¸‚¸Ê/ ‚¿\¸¥¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê our Audit procedures were
electronically through
¢£Ÿ¸¸½’ ‡Æ¬¸½¬¸/ ƒÄ-Ÿ¸½¥¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ modified to carry out the Audit remote access / emails
‚¸¨¸©¡¸ˆÅ ‚¢ž¸¥¸½‰¸¸Ê/ ™¬÷¸¸¨¸½]¸¸Ê/ remotely. in respect of some of the
¬¸ú¤¸ú‡¬¸ ‚¸¾£ ‚›¡¸ ‡¦œ¥¸ˆ½Å©¸›¸ We have identified such Branches / zones of the
¬¸¸ÁÉ’¨¸½¡¸£ ˆÅ¸ ƒ¥¸½Æ’ï¸Á¢›¸ˆÅ ³Åœ¸ ¬¸½ modified Audit Procedure as Bank wherever physical
Key Audit Matter. access was prohibited due
¬¸÷¡¸¸œ¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— to COVID-19.
2. ™¬÷¸¸¨¸½]¸¸Ê ˆÅú ¬ˆ¾Å›¸ œÏ¢÷¸¡¸¸¿, 2. Obtained and carried out
¢¨¸¥¸½‰¸, œÏŸ¸¸µ¸œ¸°¸ ‚¸¾£ ‚›¡¸ verification of scanned
¬¸¿¤¸¿¢š¸÷¸ ‚¢ž¸¥¸½‰¸¸Ê ˆÅ¸ ¬¸÷¡¸¸œ¸›¸ copies of documents,
¢ˆÅ¡¸¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ œÏ¢÷¸¡¸¸¿ œÏ¸œ÷¸ deeds, certificates, and
other related records.
ˆÅú Š¸ƒÄ—
3. Made enquiries to
3. ¨¸ú¢”¡¸¸½ ˆÅ¸Á›üÊÅ¢¬¸¿Š¸, ¬¸¿¨¸¸™¸Ê ‚¸¾£ obtain necessary audit
ûŸ½›¸ ˆÅ¸Á¥¸/ ˆÅ¸Á›üÊŬ¸ ˆÅ¸Á¥¸, ƒÄ-Ÿ¸½¥¸ evidence through video
‚¸¾£ ƒ¬¸ú ÷¸£í ˆ½Å ¬¸¿\¸¸£ \¸¾›¸¥¸¸Ê conferencing, dialogues,
œ¸£ \¸\¸¸Ä ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ‚¸¨¸©¡¸ˆÅ and discussions over
phone calls / conference
¥¸½‰¸¸œ¸£ú®¸¸ ¬¸¸®¡¸ œÏ¸œ÷¸ ˆÅ£›¸½ ˆ½Å calls, emails, and similar
¢¥¸‡ œ¸»Ž÷¸¸Ž ˆÅú Š¸ƒÄ— communication channels.
4. ퟸ¸£ú ¥¸½‰¸¸œ¸£ú®¸¸ ¢’œœ¸¢µ¸¡¸¸Ê ˆÅ¸ 4. Resolved our audit
¬¸Ÿ¸¸š¸¸›¸ œ¸™›¸¸¢Ÿ¸÷¸ œ¸™¸¢š¸ˆÅ¸¢£¡¸¸Ê observations telephonically
ˆ½Å ¬¸¸˜¸ ‚¸Ÿ¸›¸½-¬¸¸Ÿ¸›¸½ ˆÅú \¸\¸¸Ä ˆÅú / through email instead of
a face-to-face interaction
¤¸]¸¸¡¸ ’½¥¸úûŸ½›¸/ ƒÄ-Ÿ¸½¥¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ with the designated
¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸— officials.

‚›¡¸ Ÿ¸¸Ÿ¸¥¸½ Other Matter

6. ퟸ›¸½ ¤¸ÿˆÅ ˆ½Å ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ 1007 ©¸¸‰¸¸‚¸Ê ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê
/ ]¸¸›¸ˆÅ¸£ú ˆÅú ¥¸½‰¸¸œ¸£ú®¸¸ ›¸íú¿ ˆÅú í¾, ¢]¸›¸ˆÅú ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ú / ¢¨¸î¸ú¡¸ ]¸¸›¸ˆÅ¸£ú
31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ²Å.58487.62 ˆ½Å ˆºÅ¥¸ ‚¢ŠÏŸ¸ ™©¸¸Ä÷¸ú í¾ ‚¸¾£ ]¸¾¬¸¸ ¢ˆÅ ‡ˆÅ¥¸
¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê Ÿ¸¸›¸¸ Š¸¡¸¸ í¾ „¬¸ ¢™›¸¸¿ˆÅ ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆÅ¸½ ²Å.4284.18 ˆÅ£¸½”õ
ˆÅ¸ ˆºÅ¥¸ £¸]¸¬¨¸ ™©¸¸Ä÷¸ú í¾— ƒ›¸ ©¸¸‰¸¸‚¸Ê ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê / ¬¸»\¸›¸¸‚¸Ê ˆÅ¸½
¬¸¸¿¢¨¸¢š¸ˆÅ ©¸¸‰¸¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ׸£¸ ¥¸½‰¸¸œ¸£ú¢®¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, ¢]¸›¸ˆÅú ¢£œ¸¸½’Ä
íŸ¸Ê ™ú Š¸ƒÄ í¾ ‚¸¾£ ퟸ¸£ú £¸¡¸ Ÿ¸Ê ‚¤¸ ÷¸ˆÅ ¡¸í ©¸¸‰¸¸‚¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ £¸¢©¸¡¸¸Ê
‚¸¾£ œÏˆÅ’›¸¸Ê ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ í¾, ]¸¸½ œ¸»£ú ÷¸£í ¬¸½ ‡½¬¸½ ¬¸¸¿¢¨¸¢š¸ˆÅ ©¸¸‰¸¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê
ˆÅú ¢£œ¸¸½’Ä œ¸£ ‚¸š¸¸¢£÷¸ í¾— ƒ¬¸ˆ½Å ‚¥¸¸¨¸¸, ퟸ›¸½ ¤¸ÿˆÅ ˆ½Å ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê
©¸¸¢Ÿ¸¥¸ 903 ©¸¸‰¸¸‚¸Ê ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ¥¸½‰¸¸œ¸£ú®¸¸ ›¸íú¿ ˆÅú í¾, ¢]¸›¸ˆ½Å ¢¨¸î¸ú¡¸
¢¨¸¨¸£µ¸ 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ˆºÅ¥¸ ²Å.16138.78 ˆÅ£¸½”õ ˆÅú ˆºÅ¥¸ ‚¸¦¬÷¸¡¸¸¿ ™©¸¸Ä÷¸½ íÿ
‚¸¾£ œÏ¤¸¿š¸›¸ ׸£¸ ¢¨¸\¸¸£ ¢ˆÅ‡ Š¸‡ ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸ ‚›¸º¬¸¸£ „¬¸
¢™›¸ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ˆºÅ¥¸ £¸]¸¬¨¸ ²Å.970.19 ˆÅ£¸½”õ ™©¸¸Ä÷¸½ íÿ—
ƒ¬¸ Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ퟸ¸£ú £¸¡¸ ¬¸¿©¸¸½¢š¸÷¸ ›¸íú¿ í¾—
‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ‚¸¾£ „›¸ œ¸£ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ˆÅú ¢£œ¸¸½’Ä ˆ½Å ‚¥¸¸¨¸¸
‚›¡¸ ]¸¸›¸ˆÅ¸£ú
7. ‚›¡¸ ]¸¸›¸ˆÅ¸£ú ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆÅ¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ¢]¸ŸŸ¸½™¸£ í¾— ‚›¡¸ ]¸¸›¸ˆÅ¸£ú Ÿ¸Ê
‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ ‚¸¾£ „›¸ œ¸£ ퟸ¸£½ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ˆÅú ¢£œ¸¸½’Ä ‚¸¾£ ¤¸½¬¸¥¸ III
œÏˆÅ’úˆÅ£µ¸ ˆ½Å ÷¸í÷¸ ¬÷¸¿ž¸ III œÏˆÅ’úˆÅ£µ¸ ˆ½Å ‚¥¸¸¨¸¸ ‚›¡¸ ]¸¸›¸ˆÅ¸£ú ©¸¸¢Ÿ¸¥¸ í¾—
‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ œ¸£ ퟸ¸£ú £¸¡¸ ‚›¡¸ ]¸¸›¸ˆÅ¸£ú ‚¸¾£ ¤¸½¬¸¥¸ III œÏˆÅ’úˆÅ£µ¸
ˆ½Å ÷¸í÷¸ ¢œ¸¥¸£ 3 œÏˆÅ’úˆÅ£µ¸ ˆÅ¸½ ˆÅ¨¸£ ›¸íú¿ ˆÅ£÷¸ú í¾, ퟸ „¬¸ œ¸£ ¢ˆÅ¬¸ú œÏˆÅ¸£ ˆÅ¸
‚¸æ¸¸¬¸›¸ ¢›¸«ˆÅ«¸Ä ¨¡¸Æ÷¸ ›¸íú¿ ˆÅ£÷¸½ íÿ—
6. We did not audit the financial statements / information of 1007
branches included in the Standalone Financial Statements of the
Bank whose Financial Statements / Financial Information reflect
total advances of Rs. 58487.62 crores as at March 31, 2021 and
total revenue of Rs. 4284.18 crores for the year ended on that
date, as considered in the Standalone Financial Statements. The
Financial Statements / Information of these branches have been
audited by the Statutory Branch Auditors whose reports have
been furnished to us, and in our opinion in so far as it relates
to the amounts and disclosures included in respect of branches,
is based solely on the report of such Statutory Branch Auditors.
Further we did not audit the Financial Statements of 903 branches
included in the Standalone Financial Statements of the Bank
whose Financial Statements reflect total assets of Rs. 16138.78
Crores as at March 31, 2021 and total revenue of ` 970.19 Crores
for the year ended on that date as considered in the Standalone
Financial Statements have been drawn by the management.
Our opinion is not modified in respect of this matter.
Information other than the Standalone Financial Statements and
Auditors’ Report thereon
7. The Bank's Board of Directors are responsible for other
information. The other information comprises the information other
than Standalone Financial Statements and our Auditors’ Report
thereon and the Pillar III disclosure under the Basel III disclosure.
Our opinion on the Standalone Financial Statements does not
cover the other information and Pillar 3 disclosure under the

130
Jeeef<e&keÀ efjHeesì& 2020-21
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‚›¡¸ ]¸¸›¸ˆÅ¸£ú ˆÅ¸½ œ¸[õ›¸½ ˆÅú í¾ ‚¸¾£ ‡½¬¸¸ ˆÅ£›¸½ Ÿ¸Ê ¡¸í ¢¨¸\¸¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ ¢ˆÅ
Æ¡¸¸ ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆ½Å ¬¸¸˜¸ ‚›¡¸ ]¸¸›¸ˆÅ¸£ú ž¸¸¾¢÷¸ˆÅ ³Åœ¸ ¬¸½ ‚¬¸¿Š¸÷¸
íÿ ¡¸¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸Ê œÏ¸œ÷¸ ퟸ¸£½ ±¸¸›¸ ¡¸¸ ‚›¡¸˜¸¸ ž¸¸¾¢÷¸ˆÅ ³Åœ¸ ¬¸½ Š¸¥¸÷¸
œÏ÷¸ú÷¸ í¸½÷¸½ íÿ—
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“‚¢ž¸©¸¸¬¸›¸ í½÷¸º œÏž¸¸¢£÷¸” ˆÅ¸½ ˆÅ£›¸¸ ‚¸¨¸©¡¸ˆÅ í¾—
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„™¸¢¡¸÷¨¸
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í¾, ]¸¸½ ¬¸Ÿ¸»í ˆÅú ¢¨¸î¸ú¡¸ ¦¬˜¸¢÷¸, ¢¨¸î¸ú¡¸ ˆÅ¸¡¸Ä¢›¸«œ¸¸™›¸ ‚¸¾£ ›¸ˆÅ™ œÏ¨¸¸í ˆÅ¸ ‡ˆÅ ¬¸íú
‚¸¾£ ¢›¸«œ¸®¸ ´¦«’ˆÅ¸½µ¸ ™½÷¸¸ í¾, ]¸¸½ ¬¸Ÿ¸¡¸-¬¸Ÿ¸¡¸ œ¸£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ('RBI')
׸£¸ ]¸¸£ú ¢ˆÅ‡ Š¸‡ œ¸¢£œ¸°¸¸Ê ‚¸¾£ ¢™©¸¸¢›¸™½Ä©¸¸Ê ÷¸˜¸¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸,
1949 ˆÅú š¸¸£¸ 29 ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ‚¸¾£ ž¸¸£÷¸ú¡¸ ¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ ¬¸¿¬˜¸¸›¸ ׸£¸ ]¸¸£ú
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„Æ÷¸¸›¸º¬¸¸£ í¸½¦¥”¿Š¸ ˆ¿Åœ¸›¸ú ˆ½Å ¢›¸™½©¸ˆÅ¸Ê ׸£¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅ¸½ ÷¸¾¡¸¸£ ˆÅ£›¸½ ˆ½Å
„Ó½©¡¸ ¬¸½ „œ¸¡¸¸½Š¸ ¢ˆÅ‡ Š¸‡ íÿ—
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131
Basel III Disclosure we do not express any form of assurance /
conclusion thereon
In connection with our Audit of the Standalone Financial
Statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is
materially inconsistent with the Standalone Financial Statements
or our knowledge obtained in the audit or otherwise appears to
be materially misstated.
When we read the Other Information, if we conclude that there is
material misstatement therein, we are required to communicate
the matters to 'Those charged with Governance'.
Responsibilities of Management and Those Charged with
Governance for the Standalone Financial Statements
8. The Bank’s Board of Directors is responsible with respect to
the preparation of these Standalone Financial Statements
that give a true and fair view of the financial position, financial
performance and cash flows of the Bank in accordance with
the accounting principles generally accepted in India, including
the Accounting Standards issued by ICAI, and provisions of
Section 29 of the Banking Regulation Act, 1949 and circulars
and guidelines issued by the Reserve Bank of India (‘RBI’) from
time to time. This responsibility also includes maintenance of
adequate accounting records in accordance with the provisions
of the Act for safeguarding of the assets of the Bank and for
preventing and detecting frauds and other irregularities; selection
and application of appropriate accounting policies; making
judgments and estimates that are reasonable and prudent; and
design, implementation and maintenance of adequate internal
financial controls, that were operating effectively for ensuring the
accuracy and completeness of the accounting records, relevant
to the preparation and presentation of the financial statements
that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible
for assessing the Bank’s ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and
using the going concern basis of accounting unless the Board
of Directors either intends to liquidate the Bank or to cease
operations, or has no realistic alternative but to do so.
The respective Board of Directors are also responsible for
overseeing the Bank's Financial Reporting process.
Auditors’ Responsibilities for the Audit of the Standalone
Financial Statements
9. Our objectives are to obtain reasonable assurance about
whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to
issue an auditors’ report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with SAs will always detect a
material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or
in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these
Standalone Financial Statements.
As part of an audit in accordance with SAs, we exercise
professional judgment and maintain professional skepticism
throughout the audit. We also:
• Identify and assess the risks of material misstatement of the
Financial Statements, whether due to fraud or error, design
and perform audit procedures responsive to those risks,
and obtain audit evidence that is sufficient and appropriate
to provide a basis for our opinion. The risk of not detecting
a material misstatement resulting from fraud is higher than
for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the
override of internal control.

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132
Annual Report 2020-21
• Obtain an understanding of Internal Control relevant to
the Audit in order to design Audit procedures that are
appropriate in the circumstances.
• Evaluate the appropriateness of accounting policies used
and the reasonableness of accounting estimates and
related disclosures made by management.
• Conclude on the appropriateness of management’s use of the
going concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related
to events or conditions that may cast significant doubt on the
bank’s ability to continue as a going concern. If we conclude that
a material uncertainty exists, we are required to draw attention
in our auditors’ report to the related disclosures in the Financial
Statements or, if such disclosures are inadequate, to modify
our opinion. Our conclusions are based on the audit evidence
obtained up to the date of our auditors’ report. However, future
events or conditions may cause the bank to cease to continue
as a going concern.
• Evaluate the overall presentation, structure and content of the
Financial Statements, including the disclosures, and whether
the Financial Statements represent the underlying transactions
and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the Standalone
Financial Statements that, individually or in aggregate, makes
it probable that the economic decisions of a reasonably
knowledgeable user of Standalone Financial Statements may be
influenced. We consider quantitative materiality and qualitative
factors in (i) planning the scope of our Audit work and evaluating
the results of our work; and (ii) to evaluate the effect of identified
misstatements in the Standalone Financial Statements.
We communicate with those charged with governance regarding,
among other matters, the planned scope and timing of the
audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement
that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships
and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
From the matters communicated with those charged with
governance, we determine those matters that were of most
significance in the audit of the Financial Statements of the
current period and are therefore the key audit matters.
We describe these matters in our auditors’ report unless law or
regulation precludes public disclosure about the matter or when,
in extremely rare circumstances, we determine that a matter
should not be communicated in our report because the adverse
consequences of doing so would reasonably be expected to
outweigh the public interest benefits of such communication.
Report on Other Legal and Regulatory Requirements
10. The Balance Sheet and the Profit and Loss Account have
been drawn up in accordance with Section 29 of the Banking
Regulation Act, 1949;
11. Subject to the limitations of the audit indicated in paragraphs 6
to 9 above and as required by sub section 3 of section 30 of the
Banking Regulation Act, 1949, and subject also to the limitations
of disclosure required therein, we report that:
a) We have obtained all the information and explanations which,
to the best of our knowledge and belief, were necessary for the
purposes of our audit and have found them to be satisfactory;
b) The transactions of the Bank, which have come to our
notice, have been within the powers of the Bank; and
c) The returns received from the offices and branches of the Bank
have been found adequate for the purposes of our audit.
12. As required by letter no. DOS.ARG.No.6270/08.91.001/2019-
20 dated March 17, 2020 on “Appointment of Statutory Central
Auditors (SCAs) in Public Sector Banks – Reporting obligations
Jeeef<e&keÀ efjHeesì& 2020-21
‚›¸º¨¸÷¸úÄ ¬¸¿œÏ½«¸µ¸ ˆ½Å ¬¸¸˜¸ œ¸¢“÷¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆ½Å ‚›¸º¬¸¸£, ퟸ „Æ÷¸ œ¸°¸ ˆ½Å œ¸¾£¸
2 Ÿ¸Ê ¢›¸¢™Ä«’ Ÿ¸¸Ÿ¸¥¸¸Ê œ¸£ ‚¸Š¸½ ˆÅú ¢£œ¸¸½’Ä ¢›¸Ÿ›¸¸›¸º¬¸¸£ ™½÷¸½ íÿÀ
ˆÅ) ퟸ¸£ú £¸¡¸ Ÿ¸Ê, „œ¸£¸½Æ÷¸ ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ ‚¸ƒÄ¬¸ú‡‚¸ƒÄ ׸£¸ ]¸¸£ú
¥¸½‰¸¸¿ˆÅ›¸ Ÿ¸¸›¸ˆÅ¸Ê ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ˆÅ£÷¸½ íÿ, ƒ¬¸ ¬¸úŸ¸¸ ÷¸ˆÅ ¢ˆÅ ¨¸½ ‚¸£¤¸ú‚¸ƒÄ
׸£¸ ¢›¸š¸¸Ä¢£÷¸ ¥¸½‰¸¸¿ˆÅ›¸ ›¸ú¢÷¸¡¸¸Ê ˆ½Å ¬¸¸˜¸ ‚¬¸¿Š¸÷¸ ›¸íú¿ í¸Ê—
‰¸) ¢¨¸î¸ú¡¸ ¬¸¿¨¡¸¨¸í¸£ ¡¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê œ¸£ ˆÅ¸½ƒÄ ¢’œœ¸µ¸ú ¡¸¸ ‚¨¸¥¸¸½ˆÅ›¸ ›¸íú¿ í¾, ¢]¸¬¸ˆÅ¸
¤¸ÿˆÅ ˆ½Å ˆÅ¸Ÿ¸ˆÅ¸]¸ œ¸£ ˆÅ¸½ƒÄ œÏ¢÷¸ˆ»Å¥¸ œÏž¸¸¨¸ œ¸”õ÷¸¸ í¾—
Š¸) 31 Ÿ¸¸\¸Ä, 2021 ÷¸ˆÅ ¢›¸™½©¸ˆÅ¸Ê ¬¸½ œÏ¸œ÷¸ ¢¥¸¢‰¸÷¸ ‚ž¡¸¸¨¸½™›¸ ˆ½Å ‚¸š¸¸£
œ¸£, ˆ¿Åœ¸›¸ú ‚¢š¸¢›¸¡¸Ÿ¸, 2013 ˆÅú š¸¸£¸ 164 ˆÅú „œ¸-š¸¸£¸ (2) ˆ½Å ¬¸¿™ž¸Ä
Ÿ¸Ê ¢›¸™½©¸ˆÅ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢›¸¡¸ºÆ÷¸ ¢ˆÅ‡ ]¸¸›¸½ ¬¸½ 31 Ÿ¸¸\¸Ä, 2021 ÷¸ˆÅ ¢ˆÅ¬¸ú ž¸ú
¢›¸™½©¸ˆÅ ˆÅ¸½ ‚¡¸¸½Š¡¸ ‹¸¸½¢«¸÷¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
for SCAs from FY 2019-20”, read with subsequent communication
dated May 19, 2020 issued by the RBI, we further report on the
matters specified in paragraph 2 of the aforesaid letter as under:
a) In our opinion, the aforesaid Standalone Financial
Statements comply with the Accounting Standards issued
by ICAI, to the extent they are not inconsistent with the
accounting policies prescribed by the RBI.
b) There are no observations or comments on financial
transactions or matters which have any adverse effect on
the functioning of the bank.
c) On the basis of the written representations received from
the directors as on March 31, 2021, none of the directors is
disqualified as on March 31, 2021 from being appointed as
a director in terms of sub-section (2) of Section 164 of the
Companies Act, 2013.

‹¸) ‰¸¸÷¸¸Ê ‚¸¾£ ƒ¬¸¬¸½ ]¸º”õ½ ‚›¡¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å £‰¸£‰¸¸¨¸ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ˆÅ¸½ƒÄ ¡¸¸½Š¡¸÷¸¸,
‚¸£®¸µ¸ ¡¸¸ œÏ¢÷¸ˆ»Å¥¸ ¢’œœ¸µ¸ú ›¸íú¿ í¾—
Œ) ¢¨¸î¸ú¡¸ ¢£œ¸¸½¢’ôŠ¸ œ¸£ ¤¸ÿˆÅ ˆ½Å ‚¸¿÷¸¢£ˆÅ ¢¨¸î¸ú¡¸ ¢›¸¡¸¿°¸µ¸ ˆÅú œ¸¡¸¸Äœ÷¸÷¸¸ ‚¸¾£
œ¸¢£\¸¸¥¸›¸ œÏž¸¸¨¸¸÷Ÿ¸ˆÅ÷¸¸ œ¸£ ퟸ¸£ú ¥¸½‰¸¸œ¸£ú®¸¸ ¢£œ¸¸½’Ä ƒ¬¸ ¢£œ¸¸½’Ä ˆ½Å
‚›¸º¥¸Š›¸ˆÅ ‡ Ÿ¸Ê ™ú Š¸ƒÄ í¾—
13. ퟸ ¡¸í ž¸ú ¢£œ¸¸½’Ä ˆÅ£÷¸½ íÿ ¢ˆÅ
d) There are no qualifications, reservations or adverse remarks
relating to the maintenance of accounts and other matters
connected therewith.
e) Our audit report on the adequacy and operating
effectiveness of the Bank’s internal financial controls over
financial reporting is given in Annexure A to this report.
Our report expresses an unmodified opinion on the Bank’s
internal financial controls over financial reporting as at
March 31,2021.

ˆÅ) ퟸ¸£ú £¸¡¸ Ÿ¸Ê, „Æ÷¸ ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅ¸½ ÷¸¾¡¸¸£ ˆÅ£›¸½ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¢¨¸¢š¸
‚œ¸½¢®¸÷¸ „¢\¸÷¸ ¥¸½‰¸¸ ¤¸¢í¡¸¸¿ £‰¸ú Š¸ƒÄ íÿ ]¸¾¬¸¸ ¢ˆÅ ƒ›¸ ¤¸¢í¡¸¸Ê ˆÅú ]¸¸¿\¸ ¬¸½ œ¸÷¸¸
\¸¥¸÷¸¸ í¾ ÷¸˜¸¸ ퟸ¸£½ ׸£¸ ™¸¾£¸ ›¸íú¿ ˆÅú Š¸ƒÄ ©¸¸‰¸¸‚¸Ê ¬¸½ ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸
ˆ½Å œÏ¡¸¸½]¸›¸ í½÷¸º „¢\¸÷¸ ‚¸¾£ œ¸¡¸¸Äœ÷¸ ¢¨¸¨¸£¢µ¸¡¸¸¿ œÏ¸œ÷¸ íºƒÄ í¾—
‰¸) ƒ¬¸ ¢£œ¸¸½’Ä ×¸£¸ ¬¸¿\¸¢¥¸÷¸ ÷¸º¥¸›¸œ¸°¸ ‚¸¾£ ¥¸¸ž¸ í¸¢›¸ ‰¸¸÷¸¸ ÷¸˜¸¸ ›¸ˆÅ™ œÏ¨¸¸í ˆ½Å
¢¨¸¨¸£µ¸ ¬¸¿¤¸¿¢š¸÷¸ ¥¸½‰¸¸ ¤¸¢í¡¸¸Ê ‚¸¾£ ퟸ¸£½ ׸£¸ ™¸¾£¸ ›¸íú¿ ˆÅú Š¸ƒÄ ©¸¸‰¸¸‚¸Ê ¬¸½
œÏ¸œ÷¸ ¢¨¸¨¸£¢µ¸¡¸¸Ê ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê íÿ—
Š¸) ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸, 1949 ˆÅú š¸¸£¸ 29 ˆ½Å ‚¿÷¸Š¸Ä÷¸ íŸ¸Ê ¤¸ÿˆÅ ˆ½Å
©¸¸‰¸¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ׸£¸ ¥¸½‰¸¸ œ¸£ú¢®¸÷¸ ©¸¸‰¸¸ ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê ˆ½Å ‰¸¸÷¸¸Ê œ¸£
¢£œ¸¸½’Ä ž¸½]¸ú Š¸ƒÄ í¾ ‚¸¾£ ƒ¬¸ ¢£œ¸¸½’Ä ˆÅ¸½ ÷¸¾¡¸¸£ ˆÅ£›¸½ Ÿ¸Ê ퟸ¸£½ ׸£¸ ƒ›¸ˆÅ¸
¬¸Ÿ¸º¢\¸÷¸ „œ¸¡¸¸½Š¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ‚¸¾£
‹¸) ퟸ¸£ú £¸¡¸ Ÿ¸Ê ÷¸º¥¸›¸ œ¸°¸, ¥¸¸ž¸ í¸¢›¸ ‰¸¸÷¸¸ ¨¸ ›¸ˆÅ™ú œÏ¨¸¸í ¢¨¸¨¸£µ¸ ¥¸½‰¸¸
Ÿ¸¸›¸ˆÅ¸Ê ˆÅ¸ „¬¸ ¬¸úŸ¸¸ ÷¸ˆÅ ‚›¸ºœ¸¸¥¸›¸ ˆÅ£÷¸½ íÿ ¢ˆÅ ¨¸½ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ׸£¸
¢›¸š¸¸Ä¢£÷¸ ¥¸½‰¸¸¿ˆÅ›¸ ›¸ú¢÷¸¡¸¸Ê ˆ½Å ¬¸¸˜¸ ‚¬¸¿Š¸÷¸ ›¸íú¿ í¸Ê—
13. We further report that:
a) in our opinion, proper books of account as required by law
have been kept by the Bank so far as it appears from our
examination of those books and proper returns adequate
for the purposes of our audit have been received from
branches not visited by us;
b) the Balance Sheet, the Profit and Loss Account and the
Statement of Cash Flows dealt with by this report are in
agreement with the books of accounts and with the returns
received from the branches not visited by us;
c) the reports on the accounts of the branch offices audited by
branch auditors of the Bank under section 29 of the Banking
Regulation Act, 1949 have been sent to us and have been
properly dealt with by us in preparing this report; and
d) in our opinion, the Balance Sheet, the Profit and Loss
Account and the Statement of Cash Flows comply with the
applicable accounting standards, to the extent they are not
inconsistent with the accounting policies prescribed by RBI.

ke=Àles cewmeme& kesÀ. ieesheeue jeJe Sb[ kebÀheveer ke=Àles cewmeme& yeeìueeryeesF& Sb[ hegjesefnle ke=Àles cewmeme& DeyeCee& Sb[ DevebLeve ke=Àles cewmeme& jes[er [yeerj Sb[ kebÀHeveer
‡ûÅ‚¸£‡›¸: 000956‡¬¸ SHeÀDeejSve: 101048[yu³et SHeÀDeejSve: 000003‡¬¸ SHeÀDeejSve: 108846”¤¥¡¸»
¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ meveoer uesKeekeÀej meveoer uesKeekeÀej meveoer uesKeekeÀej
for M/s. K Gopal Rao & Co for M/s. Batliboi & Purohit for M/s. Abarna & Ananthan for M/s. Rodi Dabir & Co.
FRN: 000956S FRN: 101048W FRN: 000003S FRN:108846W
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants

¬¸ú‡ ¤¸ú. Ÿ¸ú£¸ Š¸¸½œ¸¸¥¸›¸ ¬¸ú‡ £Ÿ¸›¸ í¿Š¸½ˆÅ£ ¬¸ú‡ (ªúŸ¸÷¸ú) ¥¸¢¥¸÷¸¸ £¸Ÿ¸½©¨¸£›¸ ¬¸ú‡ ‚¸©¸ú«¸ ¤¸”Š¸½
ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£
¬¸™¬¡¸÷¸¸ ÇÅ.: 029471 ¬¸™¬¡¸÷¸¸ ÇÅ.: 030615 ¬¸™¬¡¸÷¸¸ ÇÅ.: 207867 ¬¸™¬¡¸÷¸¸ ÇÅ.: 121073
CA B. Meera Gopalan CA Raman Hangekar CA (Mrs) Lalitha Rameswaran CA Aashish Badge
Partner Partner Partner Partner
Membership No: 029471 Membership No: 030615 Membership No: 207867 Membership No: 121073

mLeeve : HegCes Place : Pune

efoveebkeÀ : 29 DeHe´wue, 2021 Date : 29th April, 2021

133

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134
Annual Report 2020-21
ANNEXURE “A” TO THE INDEPENDENT AUDITORS’ REPORT
M/s. K. Gopal Rao & Co. M/s. Batliboi & Purohit
Chartered Accountants, 204, National Insurance
Building, 2nd Floor,
21, Moosa Street, T Nagar,
Chennai- 600 017. D. N. Road,
Fort, Mumbai - 400 001.
M/s. Abarna & Ananthan M/s. Rodi Dabir & Co.
521, 3rd Main 6th Block, Chartered Accountants,
2nd Phase BSK 3rd Stage, 282, Kapish House, Mata
Mandir Road, Khare Town,
Bengaluru - 560 085.
Dharampeth, Nagpur - 440010.
(Referred to in paragraph 12 under ‘Report on Other Legal and
Regulatory Requirements’ section of our report of even date)
Report on the Internal Financial Controls Over Financial Reporting as
required by the Reserve Bank of India (the “RBI”) Letter DOS.ARG.
No.6270/08.91.001/2019-20 dated March 17, 2020 (as amended)
(the “RBI communication”)
We have audited the internal financial controls over financial reporting
of Bank of Maharashtra (“the Bank”) as of March 31, 2021 in
conjunction with our audit of the standalone financial statements of the
Bank for the year ended on that date which includes internal financial
controls over financial reporting of the Bank’s branches.
Management’s Responsibility for Internal Financial Controls:
The Bank’s management is responsible for establishing and maintaining
internal financial controls based on the internal control over financial
reporting criteria established by the Bank considering the essential
components of internal control stated in the Guidance Note on Audit
of Internal Financial Controls Over Financial Reporting issued by the
Institute of Chartered Accountants of India. These responsibilities
include the design, implementation and maintenance of adequate
internal financial controls that were operating effectively for ensuring
the orderly and efficient conduct of its business, including adherence
to the Bank’s policies, the safeguarding of its assets, the prevention
and detection of frauds and errors, the accuracy and completeness of
the accounting records, and the timely preparation of reliable financial
information, as required under the Banking Regulation Act, 1949 and
the circulars and guidelines issued by the Reserve Bank of India.
Auditor’s Responsibility
Our responsibility is to express an opinion on the Bank's internal
financial controls over financial reporting based on our audit. We
conducted our audit in accordance with the Guidance Note on Audit
of Internal Financial Controls Over Financial Reporting (the “Guidance
Note”) issued by the Institute of Chartered Accountants of India (the
“ICAI”) and the Standards on Auditing (SAs) issued by the ICAI, to
the extent applicable to an audit of internal financial controls. Those
Standards and the Guidance Note require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable
assurance about whether adequate internal financial controls over
financial reporting were established and maintained and if such
controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence
about the adequacy of the internal financial controls over financial
reporting and their operating effectiveness. Our audit of internal
financial controls over financial reporting included obtaining an
understanding of internal financial controls over financial reporting,
assessing the risk that a material weakness exists, and testing and
evaluating the design and operating effectiveness of internal financial
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135
controls based on the assessed risk. The procedures selected depend
on the auditor’s judgement, including the assessment of the risks of
material misstatement of the financial statements, whether due to
fraud or error.
We believe that the audit evidence we have obtained and the audit
evidence obtained by the branch auditors, in terms of their reports
referred to in the Other Matters paragraph below, is sufficient and
appropriate to provide a basis for our audit opinion on the Bank’s
internal financial controls over financial reporting.
Meaning of Internal Financial Controls Over Financial Reporting
A Bank’s internal financial controls over financial reporting is a process
designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting
principles.
A Bank’s internal financial controls over financial reporting includes
those policies and procedures that
(1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of
the assets of the Bank;
(2) provide reasonable assurance that transactions are recorded
as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and
that receipts and expenditures of the Bank are being made only
in accordance with authorisations of management and directors
of the Bank; and
(3) provide reasonable assurance regarding prevention or timely
detection of unauthorised acquisition, use, or disposition of the
Bank's assets that could have a material effect on the financial
statements.
Inherent Limitations of Internal Financial Controls Over Financial
Reporting
Because of the inherent limitations of internal financial controls over
financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or
fraud may occur and not be detected. Also, projections of any evaluation of
the internal financial controls over financial reporting to future periods are
subject to the risk that the internal financial controls over financial reporting
may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.
Opinion
In our opinion, and to the best of our information and according
to the explanations given to us and based on the consideration of
the reports of the branch auditors referred to in the Other Matters
paragraph below, the Bank has, in all material respects, adequate
internal financial controls over financial reporting and such internal
financial controls over financial reporting were operating effectively
as at March 31, 2021, based on the criteria for internal control over
financial reporting established by the Bank considering the essential
components of internal control stated in the Guidance Note on Audit
of Internal Financial Controls Over Financial Reporting issued by the
Institute of Chartered Accountants of India.
Other Matters
Our aforesaid report insofar as it relates to the operating effectiveness
of internal financial controls over financial reporting of 104 branches is
based on the corresponding reports of the respective branch auditors
of those branches.
 Annual Report 2020-21

¢¨¸î¸ú¡¸ ¢£œ¸¸½¢’ôŠ¸ œ¸£ ‚¸¿÷¸¢£ˆÅ ¢¨¸î¸ú¡¸ ¢›¸¡¸¿°¸µ¸ ˆ½Å ퟸ¸£½ œ¸£ú®¸µ¸ ˆ½Å ™¸¾£¸›¸ ‚¸¾£ ©¸¸‰¸¸
¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ˆÅú ¢£œ¸¸½’Ä ˆ½Å ‚¸š¸¸£ œ¸£, ퟸ¸£½ ׸£¸ ˆºÅŽ ˆÅ¢Ÿ¸¡¸¸¿ ™½‰¸ú Š¸ƒô— ¤¸ÿˆÅ ˆÅ¸½ Ÿ¸¸¾]¸»™¸
]¸¸½¢‰¸Ÿ¸ ¢›¸¡¸¿°¸µ¸ Ÿ¸¾¢’ïƬ¸ (‚¸£¬¸ú‡Ÿ¸) Ÿ¸Ê ¤¸™¥¸¸¨¸ ÷¸˜¸¸ ˆºÅŽ ‚¸¾£ ‚¸£¬¸ú‡Ÿ¸ ¢”]¸¸ƒ›¸
ˆÅ£›¸½ ¬¸¢í÷¸ œÏ¢ÇÅ¡¸¸ ˆÅ¸½ ‚¸¾£ Ÿ¸]¸¤¸»÷¸ ˆÅ£›¸½ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ í¾— ¤¸ÿˆÅ ˆÅú ¢¨¸î¸ú¡¸ ¢£œ¸¸½¢’ôŠ¸
œ¸£ ‚¸¿÷¸¢£ˆÅ ¢¨¸î¸ú¡¸ ¢›¸¡¸¿°¸µ¸ ˆÅ¸½ ‚¸¾£ Ÿ¸]¸¤¸»÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ƒ¬¸ ¬¸¿¤¸¿š¸ Ÿ¸Ê ퟸ¸£ú ¢¨¸¬÷¸¼÷¸
¢£œ¸¸½’Ä œÏ¤¸¿š¸›¸ ˆÅ¸½ œÏ¬÷¸º÷¸ ˆÅ£ ™ú Š¸ƒÄ í¾—
ƒ¬¸ Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ퟸ¸£ú £¸¡¸ Ÿ¸Ê ˆÅ¸½ƒÄ ¤¸™¥¸¸¨¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
During our testing of the internal financial controls over financial
reporting and based on the report of the branch auditors, certain
deficiencies were noticed by us. Bank needs to further strengthen the
process including alteration of the existing Risk Control Matrix (RCM)
and designing a few more RCMs. Our detailed report in this regard
has been submitted to the Management to further strengthen the
internal financial controls over financial reporting of the Bank.
Our opinion is not modified in respect of this matter.

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for M/s. K Gopal Rao & Co for M/s. Batliboi & Purohit for M/s. Abarna & Ananthan for M/s. Rodi Dabir & Co.
FRN: 000956S FRN: 101048W FRN: 000003S FRN:108846W
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants

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CA (Mrs) B. Meera Gopalan CA Raman Hangekar CA (Mrs) Lalitha Rameswaran CA Aashish Badge
Partner Partner Partner Partner
Membership No: 029471 Membership No: 030615 Membership No: 207867 Membership No: 121073

mLeeve : HegCes Place : Pune

efoveebkeÀ : 29 DeHe´wue, 2021 Date : 29th April, 2021

136
Jeeef<e&keÀ efjHeesì& 2020-21
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›¡¸»›¸÷¸Ÿ¸ ƒ¦Æ¨¸’ú ¢’¡¸£-1 ‚›¸ºœ¸¸÷¸ 9.50% í¸½Š¸¸— 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä
ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ׸£¸ š¸¸¢£÷¸ ˆÅú ]¸¸›¸½ ¨¸¸¥¸ú ›¡¸»›¸÷¸Ÿ¸ ‚¸¨¸©¡¸ˆÅ÷¸¸ 7.375% ˆÅú ›¡¸»›¸÷¸Ÿ¸
¬¸úƒÄ’ú-1 (¬¸ú¬¸ú¤¸ú ¬¸¢í÷¸) ˆ½Å ¬¸¸˜¸ 10.875% í¾—
¤¸½¬¸¥¸ III [¸¿\¸½ Ÿ¸Ê ÷¸ú›¸ ‚¸œ¸¬¸ú ¬¸º´[õ ¢œ¸¥¸¬¸Ä ©¸¸¢Ÿ¸¥¸ íÿ -
(i) ¢œ¸¥¸£ 1 À ›¡¸»›¸÷¸Ÿ¸ œ¸»¿]¸ú ‚¸¨¸©¡¸ˆÅ÷¸¸ (†µ¸ ]¸¸½¢‰¸Ÿ¸, ¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸
‚¸¾£ œ¸¢£\¸¸¥¸›¸ ]¸¸½¢‰¸Ÿ¸)
(ii) ¢œ¸¥¸£ 2 À œ¸¡¸Ä¨¸½®¸ˆÅú¡¸ ¬¸Ÿ¸ú®¸¸ ‚¸¾£ Ÿ¸»¥¡¸¸¿ˆÅ›¸ (Evaluation) œÏ¢ˆÅ¡¸¸
(iii) ¢œ¸¥¸£ 3 À ¤¸¸]¸¸£ ‚›¸º©¸¸¬¸›¸
¤¸¸]¸¸£ ‚›¸º©¸¸¬¸›¸ (¢œ¸¥¸£ 3) Ÿ¸Ê ¤¸ÿˆÅ ˆÅú œ¸»¿]¸ú œ¸¡¸¸Äœ÷¸÷¸¸ ‚¸¾£ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ [¸¿\¸½
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¬¸¸£µ¸ú ”ú‡ûÅ-1 À ‚›¸ºœÏ¡¸¸½]¸›¸ ˆÅ¸ ¢¨¸¬÷¸¸£
¬¸Ÿ¸»í Ÿ¸Ê ©¸ú«¸Ä ¤¸ÿˆÅ ˆÅ¸ ›¸¸Ÿ¸ ¢]¸¬¸ œ¸£ ¬¸¿£\¸›¸¸ ¥¸¸Š¸» í¸½ - ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï
(i) Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ À
BASEL III – PILLAR 3 DISCLOSURES FOR THE YEAR ENDED
31.03.2021
RBI issued Basel III guidelines, applicable w.e.f. 01.04.2013.
These guidelines initially provided a transition schedule for Basel
III implementation till 31.03.2019. RBI has extended the transition
period for implementing the last tranche of 0.625% under the
Capital Conservation Buffer (CCB) up to October 1, 2021. Upon
full implementation i.e. as on October 01 2021, Basel III guidelines
target minimum capital to risk-weighted assets ratio (CRAR) would be
11.50%, minimum Common Equity Tier -1 ratio would be 8.00% and
minimum Tier 1 ratio would be 9.50%. Minimum capital required to
be held by Bank for the year ended 31st March 2021 is 10.875% with
minimum CET 1 (incl. CCB) of 7.375%.
Basel III framework consists of three mutually reinforcing pillars:
(i) Pillar 1: Minimum Capital Requirement (Credit Risk, Market Risk
and Operational Risk)
(ii) Pillar 2: Supervisory Review and Evaluation Process
(iii) Pillar 3: Market Discipline
Market Discipline (Pillar 3) consists of set of disclosures on capital
adequacy and risk management framework of Bank. These disclosures
have been set out as under:
TABLE DF-1: SCOPE OF APPLICATION
Name of head of the banking group to which framework applies:
BANK OF MAHARASHTRA
(i) Qualitative Disclosures:

Æ¡¸¸ ¬¸¿¬˜¸¸
Æ¡¸¸ ¬¸¿¬˜¸¸
¬¸Ÿ¸½ˆÅ›¸ ˆ½Å
¬¸Ÿ¸½ˆÅ›¸ ˆÅú
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¡¸¢™ ¬¸Ÿ¸½ˆÅ›¸ ˆÅú ˆ½Å¨¸¥¸ ‡ˆÅ
¥¸½‰¸¸¿ˆÅ›¸ ¨¡¸¸¦œ÷¸
¨¡¸¸¦œ÷¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¬¸Ÿ¸½ˆÅ›¸ ˆÅú œ¸Ö¢÷¸ ¨¡¸¸¦œ÷¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¬¸Ÿ¸½¢ˆÅ÷¸
¬¸¿¬˜¸¸ ˆÅ¸ ›¸¸Ÿ¸ / Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ í¾
©¸¸¢Ÿ¸¥¸ í¾
¢›¸Š¸Ÿ¸›¸ ™½©¸ (í¸¿/›¸íú¿) ¬¸Ÿ¸½ˆÅ›¸ ˆÅú œ¸Ö¢÷¸ ¬¸Ÿ¸½ˆÅ›¸ ˆÅú œ¸Ö¢÷¸ Ÿ¸Ê ‚¿÷¸£ ˆ½Å ˆÅ¸£µ¸ ˆÅú Š¸ƒÄ í¾ ÷¸¸½ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å
Whether (í¸¿ / ›¸íú¿ ) Reasons for ˆÅ¸£µ¸
Name of entity/ Method of Method of
Whether difference in Reasons if
Country of entity is consolidation consolidation
entity is method of consolidated under
incorporation included under
included under consolidation only one of the scopes
accounting
regulatory of consolidation
scope of
scope of
consolidation
consolidation
(yes / no)
(yes / no)
¢™ Ÿ¸í¸£¸«’ï ‡Æ]¸úÆ¡¸»’£ í¸¿ ‚¸ƒÄ¬¸ú‡‚¸ƒÄ ׸£¸ ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ \¸»¿¢ˆÅ ¡¸í ¬¸¿¬˜¸¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸›¸ú
‡¿” ’﬒ú ˆ¿Åœ¸›¸ú œÏ¸.¢¥¸. Yes ]¸¸£ú ‡‡¬¸-21 ˆ½Å No NA NA ›¸íú¿ í¾, ‚÷¸À ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ
(Ÿ¸½’ˆÅ¸½) / ƒ¿¢”¡¸¸ ‚›¸º¬¸¸£ œ¸¿¢Æ÷¸-™£- ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ®¸½°¸¸¢š¸ˆÅ¸£ ˆ½Å ¤¸¸í£
The Maharashtra œ¸¿¢Æ÷¸ ‚¸š¸¸£ í¾. ¤¸ÿˆÅ ˆÅú ¬¸úƒÄ’ú1 œ¸»¿]¸ú ¬¸½ œ¸»¿]¸ú
Executors & Trustee Line by Line ¢›¸¨¸½©¸ ‹¸’¸¡¸¸ í¾.
Co. Pvt Ltd (METCO)/ basis as per AS- Entity is not a banking
India 21 issued by company, hence outside
ICAI the purview of regulatory
consolidation Capital
Investment is deducted
from CET1 capital of
Bank.
Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ í¸¿ ‚¸ƒÄ¬¸ú‡‚¸ƒÄ ׸£¸ ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¡¸í ¬¸¿¬˜¸¸ ®¸½°¸ú¡¸ ŠÏ¸Ÿ¸úµ¸
(‡Ÿ¸]¸ú¤¸ú)/ ƒ¿¢”¡¸¸ Yes ]¸¸£ú ‡‡¬¸-23 ˆ½Å No NA NA ¤¸ÿˆÅ, ‡ˆÅ ¬¸í¸¡¸ˆÅ ¬¸¿¬˜¸¸ í¾.
Maharashtra Gramin ‚›¸º¬¸¸£ ƒ¦Æ¨¸’ú ‚÷¸À ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å
Bank (MGB)/ India œ¸Ö¢÷¸ ‚¸š¸¸£ ®¸½°¸¸¢š¸ˆÅ¸£ ¬¸½ ¤¸¸í£ í¾. ¢›¸¨¸½©¸
Equity method 250% ]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ í¾
Basis as per Entity is RRB, an
AS-23 issued associate, hence
by ICAI outside the purview of
regulatory consolidation
Investment is risk
weighted at 250%.

137
 Annual Report 2020-21

a. List of group entities considered for consolidation

ˆÅ. ¬¸Ÿ¸½ˆÅ›¸ í½÷¸º ¢¨¸\¸¸£µ¸ú¡¸ ¬¸Ÿ¸»í ƒˆÅ¸ƒÄ¡¸¸Ê ˆÅú ¬¸»\¸ú
1. ¢™ Ÿ¸í¸£¸«’ï ‡Æ]¸úÆ¡¸»’£ ‡¿” ’﬒ú ˆ¿Åœ¸›¸ú œÏ¸.¢¥¸. (Ÿ¸½’ˆÅ¸½)
2. Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ (‡Ÿ¸]¸ú¤¸ú)
‰¸. ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ¥¸½‰¸¸¿ˆÅ›¸ ‚¸¾£ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ œÏ¡¸¸½]¸›¸¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¬¸Ÿ¸½ˆÅ›¸
í½÷¸º ¢¨¸\¸¸£ ›¸ ˆÅú Š¸ƒÄ ¬¸Ÿ¸»í ¬¸¿¬˜¸¸‚¸Ê ˆÅú ¬¸»\¸ú
1. The Maharashtra Executors & Trustee Company Private
Limited (METCO)
2. Maharashtra Gramin Bank (MGB)
b. List of group entities not considered for consolidation both
under the accounting and regulatory scope of consolidation

ˆºÅ¥¸ ÷¸º¥¸›¸œ¸°¸ ƒ¦Æ¨¸’ú ˆºÅ¥¸ ÷¸º¥¸›¸œ¸°¸ ‚¸¦¬÷¸¡¸¸¿

¬¸¿¬˜¸¸ ˆÅú œ¸»¿]¸ú ¢¥¸‰¸÷¸¸Ê
(¢¨¸¢š¸ˆÅ ¬¸¿¬˜¸¸ ˆ½Å (¢¨¸¢š¸ˆÅ ¬¸¿¬˜¸¸ ˆ½Å
¬¸¿¬˜¸¸ ˆÅ¸ ›¸¸Ÿ¸/ ¢›¸Š¸Ÿ¸›¸ ˆºÅ¥¸ ƒ¦Æ¨¸’ú Ÿ¸Ê ¤¸ÿˆÅ Ÿ¸Ê ¤¸ÿˆÅ ˆ½Å ¢›¸¨¸½©¸ ˆÅú
¬¸¿¬˜¸¸ ˆÅú Ÿ¸»¥¸ ¥¸½‰¸¸¿ˆÅ›¸ ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ¥¸½‰¸¸¿ˆÅ›¸ ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ¡¸˜¸¸
ˆÅ¸ ™½©¸ ˆÅú š¸¸¢£÷¸¸ ˆÅ¸ % ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ‚¸¨¸©¡¸ˆÅ÷¸¸
Š¸¢÷¸¢¨¸¢š¸ ¡¸˜¸¸ ¬¸»¢\¸÷¸) Regulatory treatment ¬¸»¢\¸÷¸)
Name of the Total Balance sheet % of bank’s Total balance sheet
Principle activity of bank’s investments
entity / Country of equity (as stated holding in the assets (as stated
of the entity in the capital
incorporation in the accounting total equity in the accounting
instruments of the
balance sheet of balance sheet of the
entity
the legal entity) legal entity)
©¸»›¡¸ NIL
(ii) Quantitative Disclosures
(ii) Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸
c. List of group entities considered for consolidation
Š¸) ¬¸Ÿ¸½ˆÅ›¸ í½÷¸º ¢¨¸\¸¸£µ¸ú¡¸ ¬¸¸Ÿ¸»¢íˆÅ ¬¸¿¬˜¸¸‚¸Ê ˆÅú ¬¸»\¸ú (¥¸½‰¸¸¿ˆÅ›¸) (accounting)
(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (Amount in ` million)

ˆºÅ¥¸ ÷¸º¥¸›¸œ¸°¸ ƒ¦Æ¨¸’ú (¢¨¸¢š¸ˆÅ ˆºÅ¥¸ ÷¸º¥¸›¸œ¸°¸ ‚¸¦¬÷¸¡¸¸¿ (¢¨¸¢š¸ˆÅ

¬¸¿¬˜¸¸ ˆÅú œÏŸ¸º‰¸ ¬¸¿¬˜¸¸ ˆ½Å ¥¸½‰¸¸¿ˆÅ›¸ ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ¬¸¿¬˜¸¸ ˆ½Å ¥¸½‰¸¸¿ˆÅ›¸ ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê
¬¸¿¬˜¸¸ ˆÅ¸ ›¸¸Ÿ¸/¢›¸Š¸Ÿ¸›¸ ˆÅ¸ ™½©¸ Š¸¢÷¸¢¨¸¢š¸ ¡¸˜¸¸ ¬¸»¢\¸÷¸) ¡¸˜¸¸ ¬¸»¢\¸÷¸)
Principle Total Balance sheet equity Total balance sheet
Name of the entity / Country of incorporation
activity of (as stated in the accounting assets (as stated in the
the entity balance sheet of the legal accounting balance sheet
entity) of the legal entity)
¢™ Ÿ¸í¸£¸«’ï ‡Æ]¸úÆ¡¸»’£ ‡¿” ’﬒ú ˆ¿Åœ¸›¸ú œÏ¸.¢¥¸. (Ÿ¸½’ˆÅ¸½)/ ƒ¿¢”¡¸¸ ›¡¸¸¬¸š¸¸¢£÷¸¸ 58.55 177.09
The Maharashtra Executors & Trustee Co. Pvt Ltd Trusteeship (¤¸ú‚¸½‡Ÿ¸ ©¸½¡¸£ 100%)
(METCO)/ India (BOM share 100%)

¤¸ÿ¢ˆ¿ÅŠ¸ 5393.18 157759.93

Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ (‡Ÿ¸]¸ú¤¸ú) (¤¸ú‚¸½‡Ÿ¸ ©¸½¡¸£ 35%)
Banking
Maharashtra Gramin Bank (MGB)/India
(BOM share 35%)

d. The aggregate amount of capital deficiencies in all

‹¸) ¬¸ž¸ú ‚›¸º«¸¿Š¸ú ˆ¿Åœ¸¢›¸¡¸¸Ê, ]¸¸½ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¢¨¸¬÷¸¸£ Ÿ¸Ê
©¸¸¢Ÿ¸¥¸ ›¸íú¿ íÿ, Ÿ¸Ê ˆºÅ¥¸ œ¸»¿]¸ú ˆÅŸ¸ú ˆÅú £¸¢©¸ ‚˜¸¸Ä÷¸, ¢]¸›¸ˆÅú ˆÅ’¸¾¢÷¸
ˆÅú Š¸ƒÄ.
¤¸ÿˆÅ ˆÅú ¢ˆÅ¬¸ú ž¸ú ‚›¸º«¸¿Š¸ú ˆ¿Åœ¸›¸ú Ÿ¸Ê ˆÅ¸½ƒÄ œ¸»¿]¸ú ˆÅŸ¸ú ›¸íú¿ í¾ ¢]¸›íÊ 31 Ÿ¸¸\¸Ä
2021 ˆÅ¸½ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¢¨¸¬÷¸¸£ í½÷¸º ©¸¸¢Ÿ¸¥¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
e. The aggregate amounts (e.g. current book value) of the
Œ) ¤¸úŸ¸¸ ƒˆÅ¸ƒÄ¡¸¸¿, ]¸¸½ ]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ íÿ, Ÿ¸Ê ¤¸ÿˆÅ ˆ½Å ˆºÅ¥¸ ¢í÷¸¸Ê ˆÅú
¬¸ˆÅ¥¸ £¸¢©¸ („™¸í£µ¸¸˜¸Ä \¸¸¥¸» ¤¸íú Ÿ¸»¥¡¸)
subsidiaries which are not included in the regulatory scope
of consolidation i.e. that are deducted:
There is no capital deficiency in the subsidiary of Bank which
is not included in regulatory scope of consolidation as of March
31, 2021.
bank’s total interests in insurance entities, which are risk
weighted

¨¸¸½¢’¿Š¸ ‚¢š¸ˆÅ¸£ ˆ½Å ‚›¸ºœ¸¸÷¸ œ¸»µ¸Ä ˆÅ’¸¾¢÷¸ œ¸Ö¢÷¸ ¢¨¸²ÅÖ ]¸¸½¢‰¸Ÿ¸

¬¸¿¬˜¸¸ ˆÅ¸ ›¸¸Ÿ¸ / ¬¸¿¬˜¸¸ ˆÅú œÏŸ¸º‰¸ ˆºÅ¥¸ ÷¸º¥¸›¸œ¸°¸ ƒ¦Æ¨¸’ú (¢¨¸¢š¸ˆÅ ¬¸¿¬˜¸¸ ˆ½Å Ÿ¸Ê/ ˆºÅ¥¸ ƒ¦Æ¨¸’ú Ÿ¸Ê ¤¸ÿˆÅ ˆÅú ž¸¸¢£÷¸ œ¸Ö¢÷¸ ˆÅ¸ „œ¸¡¸¸½Š¸ ˆÅ£›¸½ ¬¸½
¢›¸Š¸Ÿ¸›¸ ™½©¸ Š¸¢÷¸¢¨¸¢š¸ ¥¸½‰¸¸¿ˆÅ›¸ ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ¡¸˜¸¸ ¬¸»¢\¸÷¸) š¸¸¢£÷¸¸ ˆÅ¸ % ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ œ¸»¿]¸ú œ¸£ Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏž¸¸¨¸
Name of the
Principle Total Balance sheet equity (as % of bank’s holding in the Quantitative impact on
insurance entity/
activity of the stated in the accounting balance total equity / proportion regulatory capital of using risk
Country of
entity sheet of the legal entity) of voting power weighting method versus using
incorporation
the full deduction method
¤¸ÿˆÅ ˆÅú ¤¸úŸ¸¸ ¨¡¸¨¸¬¸¸¡¸ ¨¸¸¥¸ú ˆÅ¸½ƒÄ ¬¸í¸¡¸ˆÅ ¬¸¿¬˜¸¸ ›¸íú¿ í¾. Bank is not having any subsidiary having insurance business.

\¸. ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸Ÿ¸»í ˆ½Å ž¸ú÷¸£ ¢›¸¢š¸¡¸¸Ê ˆ½Å ‚¿÷¸£µ¸ ‚˜¸¨¸¸ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ œ¸»¿]¸ú
œ¸£ ˆÅ¸½ƒÄ œÏ¢÷¸¤¸¿š¸ ‚˜¸¨¸¸ ‚¨¸£¸½š¸
¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸Ÿ¸»í ˆ½Å ž¸ú÷¸£ ¢›¸¢š¸¡¸¸Ê ˆ½Å ‚¿÷¸£µ¸ ‚˜¸¨¸¸ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ œ¸»¿]¸ú œ¸£ ¢™›¸¸¿ˆÅ
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ˆÅ¸½ƒÄ œÏ¢÷¸¤¸¿š¸ ‚˜¸¨¸¸ ‚¨¸£¸½š¸ ›¸íú¿ í¾—
f. Any restrictions or impediments on transfer of funds or
regulatory capital within the banking group
There is no restriction or impediments on transfer of funds or
regulatory capital within banking group as of March 31, 2021.

138
Jeeef<e&keÀ efjHeesì& 2020-21
TABLE DF – 2: CAPITAL ADEQUACY
¬¸¸£µ¸ú ”ú‡ûÅ-2 : œ¸»¿]¸ú œ¸¡¸¸Äœ÷¸÷¸¸
Qualitative Disclosures
Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸
a. Capital Management
ˆÅ. œ¸»¿]¸ú œÏ¤¸¿š¸›¸
¤¸ÿˆÅ ˆÅú ]¸¸½¢‰¸Ÿ¸ ³Åœ¸£½‰¸¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ƒ¬¸ˆÅú ¬¸Ÿ¸ŠÏ œ¸»¿]¸ú œ¸¡¸¸Äœ÷¸÷¸¸ ˆ½Å Ÿ¸»¥¡¸¸¿ˆÅ›¸
í½÷¸º œÏ¢ÇÅ¡¸¸ ‡¨¸¿ ƒ¬¸ˆ½Å œ¸»¿]¸ú ¬÷¸£¸Ê ˆÅ¸½ ¤¸›¸¸¡¸½ £‰¸›¸½ ˆÅú £µ¸›¸ú¢÷¸ ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸
í¾— ƒ¬¸ œÏ¢ÇÅ¡¸¸ ¬¸½ ¡¸í ‚¸æ¸¸¬¸›¸ ¢Ÿ¸¥¸÷¸¸ í¾ ¢ˆÅ ¤¸ÿˆÅ ˆ½Å ¨¡¸¨¸¬¸¸¡¸ Ÿ¸Ê ‚›÷¸¢›¸Ä¢í÷¸
¬¸Ÿ¸ŠÏ ]¸¸½¢‰¸Ÿ¸¸Ê ˆÅ¸½ ¨¸í›¸ ˆÅ£›¸½ í½÷¸º ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ œ¸¡¸¸Äœ÷¸ œ¸»¿]¸ú í¾— ¤¸ÿˆÅ ¢›¸¡¸¸Ÿ¸ˆÅ
Ÿ¸¸›¸ˆÅ¸Ê ˆÅ¸½ œÏ¸œ÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ œ¸»¿]¸ú ˆÅú „Š¸¸íú ˆ½Å ¢¥¸‡ „œ¸¥¸¤š¸ ¢¨¸ˆÅ¥œ¸¸Ê œ¸£
¢¨¸\¸¸£ ˆÅ£ ‚œ¸›¸ú œ¸»¿]¸ú ˆÅ¸ ¬¸¢ÇÅ¡¸÷¸¸ ¬¸½ œÏ¤¸¿š¸›¸ ˆÅ£÷¸¸ í¾—
¬¸¿Š¸“›¸¸÷Ÿ¸ˆÅ [¸¿\¸¸À
¤¸ÿˆÅ ˆ½Å œ¸»¿]¸ú œÏ¤¸¿š¸›¸ ˆÅ¸ œÏ©¸¸¬¸›¸ ¬¸Ÿ¸¦›¨¸÷¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ¢¨¸ž¸¸Š¸ ˆ½Å ¬¸Ÿ¸›¨¸¡¸
¬¸½ ¤¸ÿˆÅ ˆ½Å ¢¨¸î¸ú¡¸ œÏ¤¸¿š¸›¸ ‡¨¸¿ ¥¸½‰¸¸ ¢¨¸ž¸¸Š¸ ׸£¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ˆ½Å œ¸¡¸Ä¨¸½®¸µ¸
Ÿ¸Ê ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ¤¸ÿˆÅ ›¸½ Ÿ¸¸Š¸Ä™©¸Ä›¸ ™½›¸½ ÷¸˜¸¸ ¢÷¸Ÿ¸¸íú ‚¸š¸¸£ œ¸£ œ¸»¿]¸ú ¦¬˜¸¢÷¸
ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆÅ£›¸½ í½÷¸º œ¸»¿]¸ú ‚¸¡¸¸½]¸›¸¸ ¬¸¢Ÿ¸¢÷¸ ž¸ú Š¸¢“÷¸ ˆÅú í¾—
œ¸»¿]¸ú ˆÅ¸ ‚¸¿÷¸¢£ˆÅ Ÿ¸»¥¡¸¸¿ˆÅ›¸À
¤¸ÿˆÅ ˆ½Å œ¸»]¿ ¸ú œÏ¤¸¿š¸›¸ [¸¿\¸½ Ÿ¸Ê ¨¡¸¸œ¸ˆÅ ‚¸¿÷¸¢£ˆÅ œ¸»]¿ ¸ú œ¸¡¸¸Äœ÷¸÷¸¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ œÏ¢ÇÅ¡¸¸
(‚¸ƒÄ¬¸ú‡‡œ¸ú) ˆÅ¸ ¬¸Ÿ¸¸¨¸½©¸ í¾ ]¸¸½ ¨¸¸¢«¸ÄˆÅ ‚¸š¸¸£ œ¸£ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾ ¢]¸¬¸¬¸½
¢›¸¡¸¸Ÿ¸ˆÅ Ÿ¸¸›¸ˆÅ¸Ê ‡¨¸¿ ¨¸÷¸ÄŸ¸¸›¸ ÷¸˜¸¸ ž¸¢¨¸«¡¸ ˆÅú ¨¡¸¨¸¬¸¸¢¡¸ˆÅ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆ½Å
¢¥¸‡, ¢]¸¬¸Ÿ¸Ê ™¤¸¸¤¸ œ¸¢£´©¡¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ˆÅú ¦¬˜¸¢÷¸¡¸¸¿ ©¸¸¢Ÿ¸¥¸ í¾, ˆÅ¸½ œÏ¸œ÷¸
ˆÅ£›¸½ í½÷¸º ¤¸ÿˆÅ ˆ½Å ¢¥¸‡ œ¸»]¿ ¸úˆÅ£µ¸ ˆ½Å œ¸¡¸¸Äœ÷¸ ¬÷¸£ ˆÅ¸ ¢›¸š¸¸Ä£µ¸ í¸½÷¸¸ í¾— ¨¡¸¸œ¸ˆÅ
‚¸¿÷¸¢£ˆÅ œ¸»]¿ ¸ú œ¸¡¸¸Äœ÷¸÷¸¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ œÏ¢ÇÅ¡¸¸ (‚¸ƒÄ¬¸ú‡‡œ¸ú) Ÿ¸Ê ¤¸ÿˆÅ ˆ½Å ¬¸Ÿ¸®¸
‚¸›¸½ ¨¸¸¥¸½ ¬¸Ÿ¸¬÷¸ ]¸¸½¢‰¸Ÿ¸¸Ê ˆÅú œ¸í\¸¸›¸, Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‡¨¸¿ ‚¢ž¸¢›¸š¸¸Ä£µ¸ ˆ½Å œ¸ä¸¸÷¸
™¸½ ¨¸«¸¸½ô ˆÅú ¬¸Ÿ¸¡¸ ¬¸úŸ¸¸ ˆ½Å ¢¥¸‡ œ¸»]¿ ¸ú ‚¸¡¸¸½]¸›¸¸ ©¸¸¢Ÿ¸¥¸ í¸½÷¸ú í¾, ¢]¸¬¸ˆÅ¸ ƒ¬¸ˆÅú
¢¨¸î¸ú¡¸ ¦¬˜¸¢÷¸ œ¸£ ¨¡¸¸œ¸ˆÅ œÏ¢÷¸ˆ»Å¥¸ œÏž¸¸¨¸ œ¸”õ ¬¸ˆÅ÷¸¸ í¾— ¤¸ÿˆÅ ׸£¸ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸
ˆÅ¸½ ]¸¸½¢‰¸Ÿ¸ Ÿ¸¸›¸¸ ]¸¸÷¸¸ í¾ ]¸¸½ ¤¸ÿˆÅ ˆ½Å ¨¡¸¨¸¬¸¸¡¸ í½÷¸º ¬¸¸Ÿ¸¸›¡¸ ˆÅ¸Ÿ¸ˆÅ¸]¸ ˆ½Å ™¸¾£¸›¸
œÏ¢÷¸œ¸¸¢™÷¸ í¸½÷¸¸ í¾ ‚¸¾£ œ¸»]¿ ¸ú ‚¸¡¸¸½]¸›¸¸ ˆ½Å ¢¥¸‡ ¢¨¸\¸¸£µ¸ú¡¸ í¸½÷¸¸ í¾À
Bank has a process for assessing its overall capital adequacy
in relation to Bank’s risk profile and a strategy for maintaining
its capital levels. Process provides an assurance that Bank has
adequate capital to support all risks inherent to its business.
Bank actively manages its capital to meet regulatory norms by
considering available options of raising capital.
Organisational Set-up:
Capital Management is administered by Financial Management
and Accounts Department in co-ordination with Integrated Risk
Management Department under the supervision of Board of
Directors. Bank has also formed Capital Planning Committee to
provide guidance and assess the capital position on quarterly
basis.
Internal Assessment of Capital:
Bank’s Capital Management framework includes a
comprehensive Internal Capital Adequacy Assessment Process
(ICAAP) conducted annually which determines adequate level
of capitalisation for Bank to meet regulatory norms and current
and future business need, including under stressed scenarios.
ICAAP encompasses capital planning for two years time horizon,
after identification and evaluation of significance of all risks that
Bank faces, which may have an adverse material impact on its
financial position. Bank considers following Pillar II risks it is
exposed to in the normal course of its business and considers
them for capital planning:

· ÷¸£¥¸÷¸¸ ]¸¸½¢‰¸Ÿ¸ · ‚¸ƒÄ‚¸£‚¸£¤¸ú¤¸ú · Liquidity Risk · IRRBB

· Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ´¦«’ˆÅ¸½µ¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ · †µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ©¸Ÿ¸›¸ ˆ½Å · Risk of under-estimation · Risk of decline in collateral
†µ¸ ]¸¸½¢‰¸Ÿ¸ ˆ½Å ˆÅŸ¸ ‚¸ˆÅ¥¸›¸ ˆÅ¸ ¬¸¿œ¸¸¢æ¸ÄˆÅ Ÿ¸»¥¡¸ Ÿ¸Ê ˆÅŸ¸ú ˆÅ¸ of credit risk under values of Credit Risk
]¸¸½¢‰¸Ÿ¸ ]¸¸½¢‰¸Ÿ¸ standardized Approach Mitigants
· Credit Concentration Risk · Settlement Risk
· †µ¸ ¬¸¿ˆ½Å›Íµ¸ ]¸¸½¢‰¸Ÿ¸ · ¢›¸œ¸’¸›¸ ]¸¸½¢‰¸Ÿ¸
· Reputational Risk · Currency Induced credit
· œÏ¢÷¸«“¸-¬¸¿¤¸¿š¸ú ]¸¸½¢‰¸Ÿ¸ · Ÿ¸ºÍ¸ œÏ½¢£÷¸ †µ¸ ]¸¸½¢‰¸Ÿ¸ Risk
· £µ¸›¸ú¢÷¸ˆÅ ]¸¸½¢‰¸Ÿ¸ · ¢¨¸¢š¸ˆÅ ]¸¸½¢‰¸Ÿ¸ · Strategic Risk · Legal Risk
· ¬¸»œÏ¸¾ ]¸¸½¢‰¸Ÿ¸ · ¬¸Ÿ¸»í ]¸¸½¢‰¸Ÿ¸ · IT Risk · Group Risk
· œ¸Ê©¸›¸ ™¸¢¡¸÷¨¸ · ™½©¸ú¡¸ ]¸¸½¢‰¸Ÿ¸ · Pension Obligation · Country Risk
· ‚›¸ºœ¸¸¥¸›¸ ]¸¸½¢‰¸Ÿ¸ · œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ]¸¸½¢‰¸Ÿ¸ · Compliance Risk · Securitization Risk
· Model Risk · Capital Risk
· Ÿ¸¸Á”¥¸ ]¸¸½¢‰¸Ÿ¸ · œ¸»¿]¸ú ]¸¸½¢‰¸Ÿ¸
Bank has implemented the scorecard for IT Risk, Reputational
¤¸ÿˆÅ ›¸½ ¬¸»œÏ¸¾ ]¸¸½¢‰¸Ÿ¸, œÏ¢÷¸«“¸ ¬¸¿¤¸¿š¸ú ]¸¸½¢‰¸Ÿ¸ ‚¸¾£ £µ¸›¸ú¢÷¸ˆÅ ]¸¸½¢‰¸Ÿ¸ ˆ½Å
Risk and Strategic Risk. Bank periodically assesses and refines
¢¥¸‡ ¬ˆÅ¸½£ˆÅ¸”Ä ˆÅ¸ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ¢ˆÅ¡¸¸ í¾— ¤¸ÿˆÅ ׸£¸ ‚¸¨¸¢š¸ˆÅ ³Åœ¸ ¬¸½ ƒ¬¸ˆ½Å its stress tests in an effort to ensure that stress scenarios capture
™¤¸¸¤¸ ]¸¸¿\¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‡¨¸¿ ¢›¸š¸¸Ä£µ¸ ‡ˆÅ œÏ¡¸¸¬¸ ˆ½Å ²Åœ¸ Ÿ¸Ê ¡¸í ¬¸º¢›¸¢ä¸÷¸ material risks as well as reflect possible extreme market moves
ˆÅ£›¸½ í½÷¸º ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾ ¢ˆÅ ™¤¸¸¤¸ œ¸¢£´©¡¸ ¨¡¸¸œ¸ˆÅ ]¸¸½¢‰¸Ÿ¸¸Ê ˆÅ¸ œ¸÷¸¸ ¥¸Š¸¸›¸½ that could arise as a result of business environment conditions.
ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ ¬¸¿ž¸¸¢¨¸÷¸ \¸£Ÿ¸ ¤¸¸]¸¸£ ¬¸¿\¸¥¸›¸, ]¸¸½ ¨¡¸¨¸¬¸¸¡¸ ¨¸¸÷¸¸¨¸£µ¸ ˆ½Å Stress tests are used in conjunction with Bank’s business plans
œ¸¢£µ¸¸Ÿ¸¬¨¸²Åœ¸ „÷œ¸››¸ í¸½ ¬¸ˆÅ÷¸¸ í¾, ˆÅ¸½ œÏ™¢©¸Ä÷¸ ˆÅ£÷¸¸ í¾— œ¸»¿]¸ú ‚¸¡¸¸½]¸›¸¸ for the purpose of capital planning.
ˆ½Å „Ó½©¡¸ ¬¸½ ¤¸ÿˆÅ ˆÅú ¨¡¸¨¸¬¸¸¡¸ ‚¸¡¸¸½]¸›¸¸ ˆ½Å ‚›¸º³Åœ¸ ™¤¸¸¤¸ ]¸¸¿\¸ ˆÅú ]¸¸÷¸ú í¾—
Monitoring and Reporting:
¢›¸Š¸£¸›¸ú ‡¨¸¿ ¢£œ¸¸½¢’ôŠ¸ À
The Board of Directors of the Bank monitors capital adequacy
¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ׸£¸ ¤¸ÿˆÅ ˆ½Å œ¸»¿]¸ú œ¸¡¸¸Äœ÷¸÷¸¸ ¬÷¸£¸Ê ˆÅú ¢›¸Š¸£¸›¸ú ˆÅú levels of Bank. An analysis of the capital adequacy position and
]¸¸÷¸ú í¾— œ¸»¿]¸ú œ¸¡¸¸Äœ÷¸÷¸¸ ¦¬˜¸¢÷¸ ‚¸¾£ ]¸¸½¢‰¸Ÿ¸ š¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¢¨¸©¥¸½«¸µ¸ risk weighted assets and an assessment of various aspects of
‚¸¾£ œ¸»¿]¸ú ‡¨¸¿ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ œ¸£ ¤¸½¬¸¥¸ III ˆ½Å ¢¨¸¢ž¸››¸ œ¸í¥¸º‚¸Ê ˆÅ¸ ¢›¸™½©¸ˆÅ Basel III on capital and risk management are undertaken by
Ÿ¸¿”¥¸ ׸£¸ ¢÷¸Ÿ¸¸íú ‚¸š¸¸£ œ¸£ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— Board on a quarterly basis.
Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ Quantitative Disclosures
‰¸. œ¸»¿]¸ú ‚¸¨¸©¡¸ˆÅ÷¸¸ b. Capital Requirement
†µ¸ ]¸¸½¢‰¸Ÿ¸ ˆ½Å ¢¥¸‡ Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ´¦«’ˆÅ¸½µ¸, ¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸ ˆ½Å ¢¥¸‡ Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ Bank’s capital requirements have been computed using
‚¨¸¢š¸ œ¸Ö¢÷¸ ‚¸¾£ œ¸¢£\¸¸¥¸›¸Š¸÷¸ ]¸¸½¢‰¸Ÿ¸ ˆ½Å ¢¥¸‡ Ÿ¸»¥¸ ¬¸¿ˆÅ½ ÷¸ˆÅ ´¦«’ˆÅ¸½µ¸ ˆÅ¸ „œ¸¡¸¸½Š¸ Standardized Approach for Credit Risk, Standardized Duration
ˆÅ£÷¸½ íº‡ ¤¸ÿˆÅ ˆÅú œ¸»]¿ ¸ú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅ¸ œ¸¢£ˆÅ¥¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— †µ¸, ¤¸¸]¸¸£ Method for Market Risk and Basic Indicator Approach for

139
 Annual Report 2020-21

‚¸¾£ œ¸¢£\¸¸¥¸›¸Š¸÷¸ ]¸¸½¢‰¸Ÿ¸¸Ê ˆ½Å ¢¥¸‡ 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ Operational Risk. Minimum capital required to be held by Bank
for the year ended March 31, 2021 is 10.875% with minimum
׸£¸ š¸¸¢£÷¸ ˆÅú ]¸¸›¸½ ¨¸¸¥¸ú ‚œ¸½¢®¸÷¸ ›¡¸»›¸÷¸Ÿ¸ œ¸»]¿ ¸ú 7.375% ˆÅú ›¡¸»›¸÷¸Ÿ¸ ¬¸úƒÄ’ú-1 CET 1 (incl. CCB) of 7.375% for credit, market and operational
(¬¸ú¬¸ú¤¸ú ¬¸¢í÷¸) ˆ½Å ¬¸¸˜¸ 10.875% í¾, ]¸¸½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ í¾À risks is given below :
(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (Amount in ` million)
ÇÅ. ¢¨¸¨¸£µ¸ £¸¢©¸ £¸¢©¸ Sr.
¬¸¿. No.
Particulars Amount Amount

(ˆÅ) †µ¸ ]¸¸½¢‰¸Ÿ¸ ˆ½Å ¢¥¸‡ ¨¸¸¿¢Ž÷¸ œ¸»]¿ ¸ú (A) Capital Required for Credit Risk
(i) Ÿ¸¸›¸ˆÅ ´¦«’ˆÅ¸½µ¸ ˆ½Å ‚š¡¸š¸ú›¸ ¬¸¿¢¨¸ž¸¸Š¸ 72714.94 Portfolios subject to Standardized
(ii) œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ¢¨¸Š¸¸½œ¸›¸ ˆ½Å ¢¥¸‡ 0.00 (i)
Approach
72714.94
Ÿ¸¸›¸ˆÅ ´¦«’ˆÅ¸½µ¸ ˆ½Å ÷¸í÷¸ †µ¸ ]¸¸½¢‰¸Ÿ¸ 72714.94 (ii) For Securitization Exposure 0.00
ˆ½Å ¢¥¸‡ ˆºÅ¥¸ œ¸»¿]¸ú œÏž¸¸£ (i+ii)
Total capital charge for credit
risks under standardized 72714.94
(‰¸) ¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸ approach (i+ii)
(i) ¤¡¸¸]¸ ™£ ]¸¸½¢‰¸Ÿ¸ 4210.64
(ii) ƒ¦Æ¨¸’ú ]¸¸½¢‰¸Ÿ¸ 954.67 (B) Market Risk
(iii) ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ‚¸¾£ ¬¨¸µ¸Ä 45.00
(i) Interest Rate Risk 4210.64
Ÿ¸¸›¸ˆÅ ‚¨¸¢š¸ ´¦«’ˆÅ¸½µ¸ ˆ½Å ÷¸í÷¸
¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸ ˆ½Å ¢¥¸‡ ˆºÅ¥¸ œ¸»¿]¸ú 5210.31 (ii) Equity Risk 954.67
œÏž¸¸£ (i+ii+iii) (iii) Forex and Gold 45.00
Total capital charge for market
(Š¸) œ¸¢£\¸¸¥¸›¸Š¸÷¸ ]¸¸½¢‰¸Ÿ¸ ˆ½Å ¢¥¸‡ œ¸»¿]¸ú risks under standardized 5210.31
œÏž¸¸£ duration approach (i+ii+iii)
Ÿ¸»¥¸ ¬¸¿ˆ½Å÷¸ˆÅ ´¦«’ˆÅ¸½µ¸ ˆ½Å ÷¸í÷¸ 8078.70
(¤¸ú‚¸ƒÄ‡) Capital Charge for Operational
(C )
Risk
(‹¸) œ¸»¿]¸ú ‚›¸ºœ¸¸÷¸ ›¡¸»›¸÷¸Ÿ¸
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬’ÿ(%
”‚¥¸¸½›¸ As per Basic Indicator Approach
8078.70
‚¸¨¸©¡¸ˆÅ÷¸¸ Ÿ¸Ê) (BIA)

¬¸¸Ÿ¸¸›¡¸ ƒ¦Æ¨¸’ú ¢’¡¸£ 1 œ¸»¿]¸ú ‚›¸ºœ¸¸÷¸ 7.375% 10.975%

(¬¸ú¬¸ú¤¸ú ¬¸¢í÷¸) (D) Capital Ratios
Min Reg. Standalone
Required (In %)
’ú¡¸£ I œ¸»¿]¸ú ‚›¸ºœ¸¸÷¸ (¬¸ú¬¸ú¤¸ú 8.875% 10.975%
¬¸¢í÷¸) Common Equity Tier 1 Capital
7.375% 10.975%
Ratio (Incl CCB)
ˆºÅ¥¸ œ¸»¿]¸ú ‚›¸ºœ¸¸÷¸ (¬¸ú‚¸£‡‚¸£)- 10.875% 14.493%
¬¸ú¬¸ú¤¸ú ¬¸¢í÷¸ Tier 1 Capital Ratio (Incl CCB) 8.875% 10.975%
(* ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¬¸ú‚¸£‡‚¸£ ˆÅú œÏ¸¦œ÷¸ Total Capital Ratio( CRAR) –
10.875% 14.493%
Including CCB
í½÷¸º ¤¸¸]¸¸£ ‚¸¾£ œ¸¢£\¸¸¥¸›¸ ]¸¸½¢‰¸Ÿ¸ œ¸»¿]¸úŠ¸÷¸ ©¸º¥ˆÅ ˆÅ¸ 12.50% ˆÅú ™£ ¬¸½
‚¸£”¤¸¥¡¸»‡ Ÿ¸Ê ‚¿÷¸£µ¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ”ú‡ûÅ 7 ‚¸¾£ ”ú‡ûÅ 8 Ÿ¸Ê ¢¨¸¨¸£µ¸) (*For market and operational risks capital charge is converted in RWA
@ 12.50 to arrive at CRAR as per RBI guidelines. Details in DF7 and
¬¸¸£µ¸ú ”ú‡ûÅ-3 À †µ¸ ]¸¸½¢‰¸Ÿ¸ - ¬¸¸Ÿ¸¸›¡¸ œÏˆÅ’›¸ DF 8)

Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸À TABLE DF-3: CREDIT RISK - GENERAL DISCLOSURES

œÏ¢÷¸œ¸®¸¸Ê ‚˜¸¨¸¸ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅú †µ¸ Š¸ºµ¸¨¸î¸¸ Ÿ¸Ê ‚¸ƒÄ ˆÅŸ¸ú ¬¸½ „÷œ¸››¸ í¸¢›¸¡¸¸Ê
ˆÅú ¬¸¿ž¸¸¨¸›¸¸‚¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê †µ¸ ]¸¸½¢‰¸Ÿ¸ œ¸¢£ž¸¸¢«¸÷¸ í¾— ¤¸ÿˆÅ ˆ½Å ¬¸¿¢¨¸ž¸¸Š¸ Ÿ¸Ê ŠÏ¸íˆÅ¸Ê
‚˜¸¨¸¸ œÏ¢÷¸œ¸®¸¸Ê ˆÅú „š¸¸£ú, ’ï½¢”¿Š¸, ¢›¸œ¸’¸›¸ ‚¸¾£ ‚›¡¸ ¢¨¸î¸ú¡¸ ¬¸¿¨¡¸¨¸í¸£¸Ê ˆ½Å ¬¸¿¤¸¿š¸
Ÿ¸Ê œÏ¢÷¸¤¸Ö÷¸¸‚¸Ê ˆÅ¸½ œ¸»µ¸Ä ˆÅ£›¸½ ˆÅú ‚®¸Ÿ¸÷¸¸ ‚˜¸¨¸¸ ‚¢›¸\Ž¸ ˆ½Å ˆÅ¸£µ¸ ¬¸úš¸½ \¸»ˆÅ
¬¸½ í¸¢›¸ „÷œ¸››¸ í¸½÷¸ú í¾—
†µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ˆ½Å ¢¥¸‡ ¬¸¿‹¸’›¸¸÷Ÿ¸ˆÅ [¸¿\¸¸
¤¸ÿˆÅ Ÿ¸Ê ¨¡¸¸œ¸ˆÅ †µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ¬¸¿£\¸›¸¸ í¾— ¤¸ÿˆÅ ˆ½Å ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ †µ¸
]¸¸½¢‰¸Ÿ¸ £µ¸›¸ú¢÷¸ ˆÅ¸ ¬¸Ÿ¸˜¸Ä›¸ ‚¸¾£ ¤¸ÿˆÅ ˆÅú †µ¸ ]¸¸½¢‰¸Ÿ¸ ›¸ú¢÷¸¡¸¸Ê ˆÅ¸½ ‚›¸ºŸ¸¸½¢™÷¸
ˆÅ£÷¸½ íÿ— ¤¸ÿˆÅ Ÿ¸Ê ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ œÏ¢ÇÅ¡¸¸‚¸Ê, ˆÅ¸¡¸Ä¢¨¸¢š¸ ‚¸¾£ œÏµ¸¸¥¸ú ˆÅ¸½ ™½‰¸›¸½
ˆ½Å ¢¥¸‡ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ›¸½ ¬¸¢Ÿ¸¢÷¸¡¸¸¿ Š¸¢“÷¸ ˆÅú íÿ— ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ¬¸¢Ÿ¸¢÷¸
(‚¸£‡Ÿ¸¬¸ú) †µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ˆÅú ›¸ú¢÷¸ ‚¸¾£ £µ¸›¸ú¢÷¸ ¤¸›¸¸›¸½ í½÷¸º „™¸¡¸ú
í¾— ƒ¬¸ í½÷¸º ¡¸í ¬¸¢Ÿ¸¢÷¸ ¤¸ÿˆÅ ˆ½Å †µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ¬¸¢Ÿ¸¢÷¸ (¬¸ú‚¸£‡Ÿ¸¬¸ú) ˆ½Å
¬¸¸˜¸ ¬¸Ÿ¸›¨¸¡¸ ˆÅ£÷¸ú í¾— †µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ¬¸¢Ÿ¸¢÷¸ (¬¸ú‚¸£‡Ÿ¸¬¸ú) ¤¸ÿˆÅ Ÿ¸Ê
†µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ [¸¿\¸½ ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆÅ¸½ ™½‰¸›¸½ ‚¸¾£ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ¬¸¢Ÿ¸¢÷¸
(‚¸£‡Ÿ¸¬¸ú) ˆÅú ¢¬¸ûŸ¢£©¸¸Ê ˆÅ¸½ ¥¸¸Š¸» ˆÅ£›¸½ ˆÅú „™¸¡¸ú í¾—
Qualitative Disclosures
Credit Risk is defined as possibility of losses associated with diminution
in credit quality of borrowers or counterparties. In a bank’s portfolio,
losses stem from outright default due to inability or unwillingness of a
customer or counterparty to meet commitments in relation to lending,
trading, settlement and other financial transactions.
Organizational Structure for Credit Risk Management
Bank has comprehensive credit risk management architecture. Board
of Directors of Bank endorses its Credit Risk strategy and approves
credit risk policies. The Board has formed committees to oversee risk
management processes, procedures and systems. Risk Management
Committee (RMC) is responsible for devising policy and strategy for
credit risk management. For this purpose, committee co-ordinates
with Credit Risk Management Committee (CRMC) of Bank. CRMC is
responsible for overseeing implementation of credit risk management
framework across Bank and providing recommendations to RMC.

140
Jeeef<e&keÀ efjHeesì& 2020-21
›¸ú¢÷¸ ¨¸ £µ¸›¸ú¢÷¸
¤¸ÿˆÅ ¬¸¿÷¸º¢¥¸÷¸ ]¸¸½¢‰¸Ÿ¸ ™©¸Ä›¸ ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ˆÅ£ £í¸ í¾— ]¸¸½¢‰¸Ÿ¸ ™©¸Ä›¸ ˆ½Å Ÿ¸í÷¨¸œ¸»µ¸Ä
œ¸í¥¸º‚¸Ê ˆÅ¸½ ¢¨¸¢ž¸››¸ ›¸ú¢÷¸¡¸¸Ê, œ¸¢£œ¸°¸¸Ê ‚¸¾£ ¢™©¸¸¢›¸™½Ä©¸¸Ê Ÿ¸Ê ¬¸Ÿ¸¸¢í÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸
í¾— „“¸‡ Š¸‡ ¢¨¸¢ž¸››¸ ]¸¸½¢‰¸Ÿ¸¸Ê ˆÅ¸ ¬÷¸£, œ¸»¿]¸ú ˆÅ¸ ¬÷¸£, œÏ¢÷¸¡¸¸½¢Š¸÷¸¸, ¤¸¸]¸¸£
œ¸¢£´©¡¸ ‚¸¾£ ¥¸¸ž¸œÏ™÷¸¸ ƒ÷¡¸¸¢™ ¤¸¸÷¸¸Ê ˆÅ¸½ š¡¸¸›¸ Ÿ¸Ê ¥¸½ˆÅ£ ¤¸ÿˆÅ ˆ½Å ˆÅ¸£¸½¤¸¸£ú „Ó½©¡¸
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141
Policy & Strategy
Bank has been following a conservative risk philosophy. The important
aspects of risk philosophy are embodied in various policies, circulars,
guidelines etc. The business objectives and strategy of Bank are
decided taking into account profit considerations, level of various
risks faced, level of capital, market scenario and competition. Bank
is conscious of its asset quality and earnings and judiciously matches
profit maximization with risk control.
Bank has put in place following policies approved by Board.
i) Loan Policy
ii) Credit Risk Management Policy
iii) Credit Risk Mitigation Techniques & Collateral Management
iv) Investment Management Policy and Investment Risk
Management Policy
v) Policy for Exposure to Real Estate
vi) Policy for Issuance of Bank Guarantees
Loan Policy, Credit Risk Management Policy defines organizational
structure, role and responsibilities and, processes and tools whereby
credit risks carried by Bank can be identified, quantified and managed
within framework that Bank considers consistent with its mandate and
risk appetite. The policies prescribe various prudential and exposure
limits, collateral standards, financial benchmarks for the purpose
of credit risk management. The policy on Credit Risk Mitigation
Techniques & Collateral Management lays down details of eligible
collaterals for credit risk mitigation under Basel III framework. The
Investment Management Policy and Investment Risk Management
Policy, Policy on Exposure to Real Estate and Policy for issuance of
Bank Guarantee forms an integral part of credit risk management.
Systems / Process / tools for Credit Risk Management
Credit Appraisal standards: Bank has in place proactive credit risk
management practices like consistent standard for credit origination,
maintenance and documentation for all credit exposures including off
balance sheet items. Systems of periodic reviews, periodic inspections
and collateral management systems are in place.
Exposure Limits: Credit risk limits including single / group borrower
limits, substantial exposure limits, exposure limits in respect of
sectors / industries are in place. The exposure vis-à-vis the limits are
monitored on a quarterly basis.
Credit Approval Committees: Credit Approval committees have
been constituted at various levels covering very large branches / Zonal
offices / Head Office for considering fresh / existing proposals with or
without enhancement. Bank has also setup centralized processing
cells at zonal level for considering credit proposals above specified
limit.
Sanctioning Powers: Bank follows a well-defined multi-layered
discretionary power structure for sanctioning of loans. Higher
sanctioning powers are delegated to sanctioning authorities for
sanctioning loans and advances to better rated customers in line with
RBI guidelines. In respect of high value loans, committee approach
is adopted.
Credit Risk Rating and Appraisal Process: Bank manages its
credit risk through continuous measuring and monitoring of risks at
each obligor (borrower) and portfolio level. Bank has in place an
internal Credit Risk Rating Framework (CRRF) and well established
standardized credit appraisal / approval processes. Credit risk rating
enables Bank to accurately assess risk in a credit proposition and
take a decision to accept or reject proposal based on risk appetite
of Bank. It also enables risk pricing of credit facilities for risk return
trade off.

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§ ‚¸½¨¸£”ï¸É’/ ›¸ˆÅ™ú †µ¸ (‚¸½”ú/ ¬¸ú¬¸ú) ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ‰¸¸÷¸¸ 90 ¢™›¸ ¡¸¸
‚¢š¸ˆÅ ˆÅú ‚¨¸¢š¸ í½÷¸º '‚¢›¸¡¸¢Ÿ¸÷¸' £í¸ í¸½—
§ ¢¤¸¥¸ ‰¸£ú™ ‚¸¾£ ž¸¸¿¢]¸÷¸ ¢¤¸¥¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¢¤¸¥¸ 90 ¢™›¸ ¡¸¸ ‚¢š¸ˆÅ ˆÅú ‚¨¸¢š¸
í½÷¸º ‚¢÷¸™½¡¸ £í¸ í¸½—
§ ˆ¼Å¢«¸ ‚¢ŠÏŸ¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¤¡¸¸]¸ ‚¸¾£/ ¡¸¸ Ÿ¸»¥¸š¸›¸ ˆÅú ¢ˆÅ©÷¸ ™¸½ ûŬ¸¥¸ Ÿ¸¸¾¬¸Ÿ¸¸Ê
í½÷¸º (ˆÅŸ¸ ‚¨¸¢š¸ ¨¸¸¥¸ú ûŬ¸¥¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê) ‚¸¾£ ‡ˆÅ ûŬ¸¥¸ Ÿ¸¸¾¬¸Ÿ¸ (¥¸Ÿ¤¸ú
‚¨¸¢š¸ ¨¸¸¥¸ú ûŬ¸¥¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê) ‚¢÷¸™½¡¸ £íú í¸½—
§ ¨¡¸º÷œ¸››¸ ¬¸¿¨¡¸¨¸í¸£ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¡¸¢™ ‚¢÷¸™½¡¸ œÏ¸¦œ÷¸¡¸¸¿ ¡¸¢™ ¨¡¸º÷œ¸››¸ ¬¸¿¢¨¸™¸
ˆ½Å ¬¸ˆÅ¸£¸÷Ÿ¸ˆÅ ¤¸¸]¸¸£ í½÷¸º ¢\¸¦›í÷¸ Ÿ¸»¥¡¸ ˆÅ¸½ œÏ™¢©¸Ä÷¸ ˆÅ£÷¸ú í¾, ž¸ºŠ¸÷¸¸›¸ ˆ½Å
¢›¸š¸¸Ä¢£÷¸ ‚¿¢÷¸Ÿ¸ ¢™›¸¸¿ˆÅ ¬¸½ 90 ¢™›¸¸Ê ˆÅú ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ ‚™î¸ ©¸½«¸ £í÷¸ú í¾—
§ ‚›¡¸ ‰¸¸÷¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê 90 ¢™›¸¸Ê ¬¸½ ‚¢š¸ˆÅ ˆÅú ‚¨¸¢š¸ í½÷¸º ‚¢÷¸™½¡¸ ˆÅ¸½ƒÄ ž¸ú
œÏ¸œ¡¸ £ˆÅŸ¸—
‚¢›¸¡¸¢Ÿ¸÷¸ ¦¬˜¸¢÷¸ À ‡ˆÅ ‰¸¸÷¸¸ ÷¸¤¸ `‚¢›¸¡¸¢Ÿ¸÷¸' Ÿ¸¸›¸¸ ]¸¸÷¸¸ í¾ ]¸¤¸ ‰¸¸÷¸½ Ÿ¸Ê
¤¸ˆÅ¸¡¸¸ ©¸½«¸ ¥¸Š¸¸÷¸¸£ Ÿ¸¿]¸»£ú ¬¸úŸ¸¸ / ‚¸í£µ¸ ‚¢š¸ˆÅ¸£¸Ê ¬¸½ ‚¢š¸ˆÅ ¤¸›¸¸ £í÷¸¸ í¾—
‡½¬¸½ Ÿ¸¸Ÿ¸¥¸¸Ê Ÿ¸Ê ]¸í¸¿ Ÿ¸»¥¸ œ¸¢£\¸¸¢¥¸÷¸ ‰¸¸÷¸½ Ÿ¸Ê ¤¸ˆÅ¸¡¸¸ ©¸½«¸ Ÿ¸¿]¸»£ú ¬¸úŸ¸¸ / ‚¸í£µ¸
‚¢š¸ˆÅ¸£ ¬¸½ ˆÅŸ¸ í¾ ¢ˆ¿Å÷¸º ‰¸¸÷¸½ Ÿ¸Ê ÷¸º¥¸›¸œ¸°¸ ˆÅú ¢™›¸¸¿ˆÅ ¬¸½ 90 ¢™›¸¸Ê ÷¸ˆÅ ¥¸Š¸¸÷¸¸£
ˆÅ¸½ƒÄ £ˆÅŸ¸ ]¸Ÿ¸¸ ›¸íú¿ íºƒÄ í¾ ¡¸¸ ‰¸¸÷¸½ Ÿ¸Ê ]¸Ÿ¸¸ £ˆÅŸ¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ›¸¸Ÿ¸½ ˆÅú ]¸¸›¸½
¨¸¸¥¸ú ¤¡¸¸]¸ ˆÅú £ˆÅŸ¸ ˆÅ¸½ œ¸»£¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ œ¸¡¸¸Äœ÷¸ ›¸íú¿ í¾ ÷¸¸½ ƒ¬¸ œÏˆÅ¸£ ˆ½Å ‰¸¸÷¸¸Ê
ˆÅ¸½ `‚¢›¸¡¸¢Ÿ¸÷¸' Ÿ¸¸›¸¸ ]¸¸‡Š¸¸—
‚¢÷¸™½¡¸ À ¢ˆÅ¬¸ú ž¸ú †µ¸ ¬¸º¢¨¸š¸¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¤¸ÿˆÅ í½÷¸º ™½¡¸ ˆÅ¸½ƒÄ ž¸ú £¸¢©¸ ‚¢÷¸™½¡¸
í¸½÷¸ú í¾, ¡¸¢™ ƒ¬¸ˆÅ¸ ž¸ºŠ¸÷¸¸›¸ ¤¸ÿˆÅ ׸£¸ ¢›¸š¸¸Ä¢£÷¸ ¢›¸¡¸÷¸ ¢™›¸¸¿ˆÅ œ¸£ ›¸ ¢ˆÅ¡¸¸ ]¸¸‡—
142
Annual Report 2020-21
As a measure of robust credit risk management practices, Bank has in
place a framework for approval of credit risk ratings. Rating for every
borrower is reviewed at least once in a year. Credit risk rating, as a
concept, has been well internalized in Bank.
Loan review Mechanism: Objectives of Loan Review Mechanism
are:
i) To ensure that credit decisions by various authorities are in
conformity with Bank’s Loan Policy and delegated lending
powers.
ii) To ensure that stipulated terms & conditions of sanction are
complied with and various post sanction follow up, monitoring
and supervision measures prescribed by Bank are adhered to.
iii) To ensure that all credit facilities are reviewed / renewed well
in time so as to revise risk perception and take necessary
corrective action if necessary, immediately.
iv) To aim at achieving maintenance of standard assets quality and
up gradation in non-performing assets (NPAs) so as to have a
favorable impact on profitability of Bank through prevention /
reduction / up gradation of NPAs.
v) To assess health of credit portfolio of Bank and to apprise Top
Management about the same from time to time.
Checks and balances viz. separation of credit risk management from
credit sanctions, system of assigning credit risk rating, validation of
ratings, mechanism to price credit facilities depending on risk rating
of customer, credit audit etc. are in place. Minimum entry level rating
benchmarks are stipulated. A suitable mechanism is in place to
monitor aggregate exposure on other banks and country exposures.
A diversified credit portfolio is maintained and a system to conduct
regular analysis of portfolio so as to ensure ongoing control of credit
is in place.
Loans past due and Impaired:
Regulatory guidelines are adhered to in respect of income recognition,
asset classification and provisioning. Bank considers following
categories of loans and advances as Non-performing Assets, wherein:
§ Interest and/or installment of principal remain overdue for a
period of more than 90 days in respect of a Term Loan
§ Account remains ‘out of order’ in respect of an Overdraft/Cash
Credit (OD/CC) for 90 days or more
§ Bill remains overdue for a period of more than 90 days in case of
Bills Purchased and Discounted
§ In case of agricultural advances, interest and/or installment of
principal remains overdue for 2 crop seasons (in respect of short
duration crops) & 1 crop season (in respect of long duration crops).
§ In respect of derivative transaction, if the overdue receivable
representing positive mark-to-market value of a derivative
contract, remains unpaid for a period of 90 days from the
specified due date for payment.
§ Any amount receivable that remains overdue for a period of
more than 90 days in respect of other accounts.
‘Out of Order’ status: An account is treated as 'out of order' if the
outstanding balance remains continuously in excess of sanctioned
limit/drawing power. In cases where outstanding balance in the
principal operating account is less than sanctioned limit/drawing
power, but there are no credits continuously for 90 days as on date
of Balance Sheet or credits are not enough to cover interest debited
during same period, these accounts are also treated as 'out of order'.
Overdue: Any amount due to Bank under any credit facility is ‘overdue’
if it is not paid on due date fixed by Bank.
Jeeef<e&keÀ efjHeesì& 2020-21

Ÿ¸ú¡¸¸™ú ]¸Ÿ¸¸£¸¢©¸¡¸¸Ê, £¸«’ïú¡¸ ¤¸\¸÷¸ œÏŸ¸¸µ¸œ¸°¸, ƒ¿¢™£¸ ¢¨¸ˆÅ¸¬¸ œ¸°¸, ¢ˆÅ¬¸¸›¸ ¢¨¸ˆÅ¸¬¸
œ¸°¸ ‚¸¾£ ]¸ú¨¸›¸ ¤¸úŸ¸¸ œ¸¸Á¢¥¸¢¬¸¡¸¸Ê ˆÅ¸½ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê Ÿ¸¸›¸¸ ]¸¸›¸¸
‚¸¨¸©¡¸ˆÅ ›¸íú¿ í¾ ¤¸©¸÷¸½Ä ¢ˆÅ ‰¸¸÷¸¸Ê Ÿ¸Ê œ¸¡¸¸Äœ÷¸ Ÿ¸¸¢]¸Ä›¸ „œ¸¥¸¤š¸ í¸½— ‚¢÷¸™½¡¸ ¢ˆÅ›÷¸º
ˆ½Å›Í ¬¸£ˆÅ¸£ Š¸¸£¿¢’¡¸¸Ê ׸£¸ ¬¸Ÿ¸¢˜¸Ä÷¸ †µ¸ ¬¸º¢¨¸š¸¸‚¸Ê ˆÅ¸½ ˆ½Å¨¸¥¸ ÷¸ž¸ú ‡›¸œ¸ú‡ Ÿ¸¸›¸¸
]¸¸ ¬¸ˆÅ÷¸¸ í¾ ]¸¤¸ ¥¸¸Š¸» ˆÅ£÷¸½ ¬¸Ÿ¸¡¸ ¬¸£ˆÅ¸£ ‚œ¸›¸ú Š¸¸£¿’ú ˆÅ¸ œ¸¢£÷¡¸¸Š¸ ˆÅ£½— £¸]¡¸
¬¸£ˆÅ¸£ ׸£¸ ™ú Š¸ƒÄ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê Ÿ¸Ê £¸]¡¸ ¬¸£ˆÅ¸£ ׸£¸ Š¸¸£¿’ú ¢™‡ Š¸‡ ‚¢ŠÏŸ¸¸Ê
‚¸¾£ ¢›¸¨¸½©¸¸Ê œ¸£ ‚¸¦¬÷¸ ¨¸Š¸úĈţµ¸ ‚¸¾£ œÏ¸¨¸š¸¸›¸úˆÅ£µ¸ Ÿ¸¸›¸™¿” ¥¸¸Š¸» í¸ÊŠ¸½ ¡¸¢™
¤¡¸¸]¸ ‚¸¾£/ ¡¸¸ Ÿ¸»¥¸ š¸›¸ ‚˜¸¨¸¸ ¤¸ÿˆÅ í½÷¸º ™½¡¸ ˆÅú ‚›¡¸ £¸¢©¸ 90 ¢™›¸¸Ê ¬¸½ ‚¢š¸ˆÅ
‚¨¸¢š¸ ˆ½Å ¢¥¸‡ ‚¢÷¸™½¡¸ ¤¸›¸ú £í÷¸ú í¾—
¤¸ÿˆÅ ‡›¸œ¸ú‡ ˆ½Å ‚¢ž¸¢›¸š¸¸Ä£µ¸ ‚¸¾£ ™¤¸¸¨¸ŠÏ¬÷¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¢£]¸¸Á¥¡¸»©¸›¸ ˆ½Å ¬¸¸˜¸-
¬¸¸˜¸ œ¸º›¸Š¸Ä¢“÷¸ †µ¸¸Ê ˆÅ¸ ¨¸Š¸úĈţµ¸ ‚¸¾£ ˆÅ¸½¢’„››¸¡¸›¸ ˆ½Å ¢¥¸‡ Ÿ¸¸¾]¸»™¸ ‚¸£¤¸ú‚¸ƒÄ
ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆÅ¸ œ¸¸¥¸›¸ ˆÅ£÷¸¸ í¾—
Advances against term deposits, National Savings Certificates, Indira
Vikas Patra, Kisan Vikas Patra and Life insurance policies need not
be treated as NPAs, provided adequate margin is available in the
accounts. Credit facilities backed by Central Government Guarantees
though overdue may be treated as NPA only when the Government
repudiates its guarantee when invoked. State Government guaranteed
advances and investments in State Government guaranteed securities
would attract asset classification and provisioning norms if interest and
/or principal or any other amount due to the Bank remains overdue for
more than 90 days.
The Bank follows extant RBI guidelines for NPA identification and for
resolution of stressed assets, including classification and up gradation
of restructured loans.

Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸À Quantitative Disclosures

1. ˆºÅ¥¸ ¬¸ˆÅ¥¸ †µ¸ ¢¨¸Š¸¸½œ¸›¸ 1. Total Gross Credit exposure:

(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (Amount in ` million)

Category 31.03.2021
ª½µ¸ú 31.03.2021
¢›¸¢š¸ˆÅ 1319352.10 Fund Based 1319352.10

Š¸¾£-¢›¸¢š¸ˆÅ 135357.20 Non-Fund Based 135357.20

2. Geographic Distribution of credit exposure :

2. †µ¸ ¢¨¸Š¸¸½œ¸›¸¸Ê ˆÅ¸ ž¸¸¾Š¸¸½¢¥¸ˆÅ ¢¨¸÷¸£µ¸À
(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (Amount in ` million)

31.03.2021 31.03.2021
Category
ª½µ¸ú Overseas Domestic
¬¸Ÿ¸ºÍœ¸¸£ú¡¸ ‹¸£½¥¸»
Fund Based NIL 1319352.10
¢›¸¢š¸ˆÅ ©¸»›¡¸ 1319352.10
Non-Fund Based NIL 135357.20
Š¸¾£-¢›¸¢š¸ˆÅ ©¸»›¡¸ 135357.20
3. Industry-wise Distribution:
3. „Ô¸¸½Š¸¨¸¸£ ¢¨¸÷¸£µ¸
(Amount in ` million)
(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê)
Sr. Non-Fund
ÇÅ. „Ô¸¸½Š¸ ¢›¸¢š¸ˆÅ ¢¨¸Š¸¸½œ¸›¸ Š¸¾£-¢›¸¢š¸ˆÅ ¢¨¸Š¸¸½œ¸›¸ No.
Industry Funded Exposure
Exposure
3.1 ‰¸›¸›¸ ¨¸ „÷‰¸›¸›¸ 3.1 Mining and Quarrying
1026.60 157.20 1026.60 157.20
(ˆÅ¸½¡¸¥¸¸ ¬¸¢í÷¸) (incl. Coal)
3.2 ‰¸¸Ô¸ œÏ¬¸¿¬ˆÅ£µ¸ 1768.20 23.50 3.2 Food Processing 1768.20 23.50
3.2.1 \¸ú›¸ú 1468.70 21.50 3.2.1 Sugar 1468.70 21.50
3.2.2 ‰¸¸Ô¸ ÷¸½¥¸ ¨¸ 0.00 0.00 3.2.2 Edible Oil and Vanaspati 0.00 0.00
¨¸›¸¬œ¸¢÷¸
3.2.3 Tea 0.00 0.00
3.2.3 \¸¸¡¸ 0.00 0.00
3.2.4 ‚›¡¸ 299.50 2.00 3.2.4 Others 299.50 2.00

3.3 œ¸½¡¸ (Beverage) 3.3 Beverage and Tobacco 9.50 0.00

9.50 0.00
¨¸ ÷¸¿¤¸¸ˆ»Å 3.4 Textiles 23738.30 2451.60
3.4 ¨¸¬°¸ 23738.30 2451.60 3.4.1 Cotton Textiles 6128.70 803.00
3.4.1 ¬¸»÷¸ú ¨¸¬°¸ 6128.70 803.00 3.4.2 Jute Textiles 96.30 0.00
3.4.2 œ¸’¬¸›¸ ¨¸¬°¸ 96.30 0.00 3.4.3 Man-Made Textiles 17.90 0.70
3.4.3 Ÿ¸¸›¸¨¸ ¢›¸¢Ÿ¸Ä÷¸ ¨¸¬°¸ 17.90 0.70 3.4.4 Other Textiles 17495.40 1647.90
3.4.4 ‚›¡¸ ¨¸¬°¸ 17495.40 1647.90
3.5 Leather and Leather
3.5 \¸Ÿ¸”õ¸ ¨¸ \¸Ÿ¸Ä „÷œ¸¸™ 1240.90 46.00 1240.90 46.00
Products
3.6 ¥¸ˆÅ”õú ¨¸ ¥¸ˆÅ”õú 3.6 Wood and Wood
1902.70 95.60 1902.70 95.60
ˆ½Å „÷œ¸¸™ Products
3.7 ˆÅ¸Š¸]¸ ¨¸ ˆÅ¸Š¸]¸ 3.7 Paper and Paper
4114.40 150.80 4114.40 150.80
„÷œ¸¸™ Products
3.8 œ¸½’︽¢¥¸¡¸Ÿ¸, ˆÅ¸½¡¸¥¸¸ 3.8 Petroleum, Coal
„÷œ¸¸™ ¨¸ ›¡¸»¦Æ¥¸¡¸£ 6151.60 48.70 Products and Nuclear 6151.60 48.70
ƒ¿š¸›¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À Fuels of which:

143
 Annual Report 2020-21

ÇÅ. „Ô¸¸½Š¸ ¢›¸¢š¸ˆÅ ¢¨¸Š¸¸½œ¸›¸ Š¸¾£-¢›¸¢š¸ˆÅ ¢¨¸Š¸¸½œ¸›¸ Sr. Non-Fund

Industry Funded Exposure
No. Exposure
3.8.1 œ¸½’︽¢¥¸¡¸Ÿ¸ 3608.30 8.30
3.8.1 Petroleum 3608.30 8.30
3.9 ˆ½Å¢Ÿ¸ˆÅ¥¸ ¨¸ 16169.10 1112.50 3.9 Chemicals and 16169.10 1112.50
ˆ½Å¢Ÿ¸ˆÅ¥¸ „÷œ¸¸™
Chemical Products
3.9.1 „¨¸Ä£ˆÅ 1161.10 0.00
3.9.2 ‚¸¾«¸š¸ ¨¸ 3.9.1 Fertiliser 1161.10 0.00
10708.30 784.50
ûŸŸ¸¸Ä¬¡¸»¢’ˆÅ¥¬¸ 3.9.2 Drugs &
10708.30 784.50
3.9.3 œ¸½’︽ ˆ½Å¢Ÿ¸ˆÅ¥¬¸ 3368.80 271.30 Pharmaceuticals
3.9.4 ‚›¡¸ 930.90 56.70 3.9.3 Petro Chemicals 3368.80 271.30

3.10 £¤¸£, œ¥¸¸¦¬’ˆÅ ¨¸ 3.9.4 Others 930.90 56.70

8124.70 1280.90
„›¸ˆ½Å „÷œ¸¸™ Rubber, Plastic & their
3.10 8124.70 1280.90
Products
3.11 ˆÅ¸¿ \¸ ‚¸¾£ ˆÅ¸¿\¸ 1697.80 271.80
ˆÅú ¨¸¬÷¸º‡¿ 3.11 Glass & Glassware 1697.80 271.80

3.12 ¬¸úŸ¸Ê ’ ¨¸ ¬¸úŸ¸Ê’ Cement & Cement

4197.90 35.20 3.12 4197.90 35.20
„÷œ¸¸™ Products

3.13 Ÿ¸»„÷œ¸¸™
¥¸ š¸¸÷¸º ¨¸ š¸¸÷¸º Basic Metal & Metal
22519.40 4038.10 3.13
Product
22519.40 4038.10

3.13.1 ¥¸¸½í¸ ¨¸ ƒ¬œ¸¸÷¸ 13330.50 647.50 3.13.1 Iron & Steel 13330.50 647.50

3.13.2 ‚›¡¸ š¸¸÷¸º ¨¸ š¸¸÷¸º Other Metal & Metal

9188.90 3390.60 3.13.2 9188.90 3390.60
„÷œ¸¸™ Product
3.14 ¬¸ž¸ú ‚¢ž¸¡¸¸¿¢°¸ˆÅú 18729.20 14925.80 3.14 All Engineering 18729.20 14925.80
3.14.1 ƒ¥¸½Æ’︢›¸Æ¬¸ 744.60 359.50 3.14.1 Electronics 744.60 359.50
3.14.2 ‚›¡¸ 17984.60 14566.30 3.14.2 Others 17984.60 14566.30
¨¸¸í›¸ ‡¨¸¿ ¨¸¸í›¸ Vehicles, Vehicle
3.15 ˆ½Å œ¸º]¸½Ä ÷¸˜¸¸ 9250.00 1912.50 3.15 Parts & Transport 9250.00 1912.50
œ¸¢£¨¸í›¸ „œ¸ˆÅ£µ¸ Equipment
3.16 £÷›¸ ‚¸¾£ ]¸½¨¸£¸÷¸ 3903.50 436.30 3.16 Gems & Jewellery 3903.50 436.30

3.17 ¢›¸Ÿ¸¸Äµ¸ (Ÿ¸»¥¸ž¸»÷¸ 1000.70 82.40 3.17

Construction (other
1000.70 82.40
¬¸¿£\¸›¸¸ ˆ½Å ‚¥¸¸¨¸¸) than Infrastructure)
3.18 Ÿ¸»¥¸ž¸»÷¸ ¬¸¿£\¸›¸¸ 190385.10 21469.30 3.18 Infrastructure 190385.10 21469.30
3.18.1 …]¸¸Ä 85956.50 6294.10 3.18.1 Power 85956.50 6294.10
3.18.2 ’½¥¸úˆÅŸ¡¸»¢›¸ˆ½Å©¸›¸ 0.00 0.00 2.18.2 Telecommunication 0.00 0.00
3.18.3 ¬¸”õˆÅ 60822.80 6429.20 3.18.3 Roads 60822.80 6429.20
3.18.4 í¨¸¸ƒÄ ‚”Ô¸ 0.20 0.00
3.18.4 Airports 0.20 0.00
3.18.5 œ¸¸½’Ä 891.50 0.00
3.18.5 Ports 891.50 0.00
3.18.6 £½ˆ½Å¥‚¥¸¸¨¸¸)
¨¸½ (ž¸¸£÷¸ú¡¸ £½¥¨¸½ 43.90 30.90 Railways (other than
3.18.6 43.90 30.90
Indian Railways)
3.18.7 ‚›¡¸ Ÿ¸»¥¸ž¸»÷¸ 42670.20 8715.10
¬¸¿£\¸›¸¸ 3.18.7 Other Infrastructure 42670.20 8715.10
3.19 ‚›¡¸ „Ô¸¸½Š¸ 9974.70 3066.90 3.19 Other Industries 9974.70 3066.90

3.20 ‚¨¸¢©¸«’ ‚›¡¸ 3.20

Residuary Other
‚¢ŠÏŸ¸ 993447.80 83752.10 Advances 993447.80 83752.10
ˆºÅ¥¸ 1319352.10 135357.20 Total 1319352.10 135357.20

Industry having more than 5% of gross credit exposure

„Ô¸¸½Š¸ ¢]¸›¸Ÿ¸Ê ¬¸ˆÅ¥¸ †µ¸ ¢¨¸Š¸¸½œ¸›¸ 5% ¬¸½ ‚¢š¸ˆÅ í¾
Industry % of Exposure
„Ô¸¸½Š¸ ¢¨¸Š¸¸½œ¸›¸ ˆÅ¸ % Infrastructure 14.56%
‚¨¸¬¸¿£\¸›¸¸ 14.56%
4. Residual Maturity break down of Assets:
4. ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ‚¨¸¢©¸«’ œ¸¢£œ¸Æ¨¸÷¸¸ ¢¨¸©¥¸½«¸µ¸ À (Amount in ` million)
(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) Foreign
Maturity Pattern Investments Advances Currency
¢¨¸™½©¸ú Ÿ¸ºÍ¸ Assets
œ¸¢£œ¸Æ¨¸÷¸¸ ¬¨¸³Åœ¸ ¢›¸¨¸½©¸ ‚¢ŠÏŸ¸ ‚¸¦¬÷¸¡¸¸¿
1 day 150.00 9029.10 3724.21
1 ¢™›¸ 150.00 9029.10 3724.21
2 ¬¸½ 7 ¢™›¸ 1940.27 16698.48 29771.36 2 to 7 days 1940.27 16698.48 29771.36

144
Jeeef<e&keÀ efjHeesì& 2020-21

¢¨¸™½©¸ú Ÿ¸ºÍ¸ Foreign

œ¸¢£œ¸Æ¨¸÷¸¸ ¬¨¸³Åœ¸ ¢›¸¨¸½©¸ ‚¢ŠÏŸ¸ Maturity Pattern Investments Advances Currency
‚¸¦¬÷¸¡¸¸¿
Assets
8 ¬¸½ 14 ¢™›¸ 0.00 16792.47 321.94
15 ¬¸½ 30 ¢™›¸ 2789.39 41706.17 17925.77 8 to 14 days 0.00 16792.47 321.94
31 ¢™›¸ ¬¸½ 2 Ÿ¸íú›¸½ 2484.49 54518.74 8691.90 15 to 30 days 2789.39 41706.17 17925.77
2 Ÿ¸íú›¸½ ¬¸½ ‚¢š¸ˆÅ ¨¸ 3 31 days to 2 months 2484.49 54518.74 8691.90
4859.34
Ÿ¸íú›¸½ ÷¸ˆÅ 146.07 49939.46 Over 2 months to 3 months 146.07 49939.46 4859.34
3 Ÿ¸íú›¸½ ¬¸½ ‚¢š¸ˆÅ ¨¸ 6
Ÿ¸íú›¸½ ÷¸ˆÅ 2467.79 91705.38 24957.56 Over 3 months and up to 6
24957.56
months 2467.79 91705.38
6 Ÿ¸íú›¸½ ¬¸½ ‚¢š¸ˆÅ ¨¸ 1
¨¸«¸Ä ÷¸ˆÅ 24446.60 118118.30 19168.03 Over 6 months and up to
19168.03
1 year 24446.60 118118.30
1 ¨¸«¸Ä ¬¸½ ‚¢š¸ˆÅ ¨¸ 3 ¨¸«¸Ä 0.00 Over 1 year and upto 3
÷¸ˆÅ 189239.56 280690.64 0.00
years 189239.56 280690.64
3 ¨¸«¸Ä ¬¸½ ‚¢š¸ˆÅ ¨¸ 5 ¨¸«¸Ä 0.00
÷¸ˆÅ 133756.50 223665.50 Over 3 years and upto 5
0.00
5 ¨¸«¸Ä ¬¸½ ‚¢š¸ˆÅ 329046.31 173673.25 0.00 years 133756.50 223665.50

ˆºÅ¥¸ 686466.99 1076537.48 109420.10 Over 5 years 329046.31 173673.25 0.00

Total 686466.99 1076537.48 109420.10
5. ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ‚¸¾£ ‚›¸]¸ÄˆÅ ¢›¸¨¸½©¸ í½÷¸º œÏˆÅ’›¸
5. Disclosures for NPAs & NPIs :
‹¸£½¥¸» À
Domestic:
(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê)
(Amount in ` million)
31.03.2021 31.03.2021
(ˆÅ) ¬¸ˆÅ¥¸ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Â (A) Gross NPA
‚¨¸Ÿ¸¸›¸ˆÅ 17903.59 Sub-standard 17903.59
¬¸¿¢™Šš¸ 1 16186.15 Doubtful 1 16186.15
¬¸¿¢™Šš¸ 2 25367.01
Doubtful 2 25367.01
¬¸¿¢™Šš¸ 3 13579.18
í¸¢›¸ 4760.86 Doubtful 3 13579.18
Loss 4760.86
ˆºÅ¥¸ 77796.79
Total 77796.79
(‰¸) ¢›¸¨¸¥¸ ‚]¸›¸ÄˆÅ ‚¸¦¬÷¸¡¸¸¿ 25443.20
(B) Net NPA 25443.20
(Š¸) ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸ ‚›¸ºœ¸¸÷¸
¬¸ˆÅ¥¸ ‚¢ŠÏŸ¸¸Ê Ÿ¸Ê ¬¸ˆÅ¥¸ ‚›¸]¸ÄˆÅ (C) NPA Ratios
7.23%
‚¸¦¬÷¸¡¸¸¿ (%) % of Gross NPAs to Gross Advances 7.23%
¢›¸¨¸¥¸ ‚¢ŠÏŸ¸¸Ê Ÿ¸Ê ¢›¸¨¸¥¸ ‚›¸]¸ÄˆÅ % of Net NPAs to Net Advances 2.48%
2.48%
‚¸¦¬÷¸¡¸¸¿ (%)
(D) Movement of Gross NPA
¬¸ˆÅ¥¸ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆÅú I Opening Balance 121521.47
(‹¸) Š¸¢÷¸©¸ú¥¸÷¸¸ II Add:-Addition during the period 22023.88
I œÏ¸£¿¢ž¸ˆÅ ©¸½«¸ 121521.47 III Less:- Reduction during the period 65748.56
II ]¸¸½”õÊ-‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¨¸¼¢Ö 22023.88 Closing balance as at the end of period
III ‹¸’¸‡¿- ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ˆÅŸ¸ú 65748.56 77796.79
(i +ii-iii)
¨¸«¸Ä ˆÅú ¬¸Ÿ¸¸¦œ÷¸ œ¸£ ‚¿¢÷¸Ÿ¸ ©¸½«¸ (i+ii-iii) 77796.79
(E) Movement of provision
(Œ) œÏ¸¨¸š¸¸›¸¸Ê ˆÅú Š¸¢÷¸©¸ú¥¸÷¸¸ E1 Specific Provision
Œ1 ¢¨¸¢©¸«’ œÏ¸¨¸š¸¸›¸ i. Opening Balance 78143.76
i. œÏ¸£¿¢ž¸ˆÅ ©¸½«¸ 78143.76 ii. Provisions made during the period 20137.93
ii. ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢ˆÅ¡¸½ Š¸¡¸½ œÏ¸¨¸š¸¸›¸ 20137.93
iii. Write-off made during the period 49821.56
iii. ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢ˆÅ¡¸½ Š¸¡¸½ ¤¸’Ã’½ ‰¸¸÷¸½ 49821.56
iv. ‚¢š¸ˆÅ œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ œÏ¢÷¸¥¸½‰¸›¸ 0.00 iv. Write-back of excess provisions 0.00
œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ¤¸ú\¸ ‚¿÷¸£µ¸ ¬¸¢í÷¸ ‚›¡¸ v. Any other adjustments including transfer
v. 0.14 0.14
ˆÅ¸½ƒÄ ¬¸Ÿ¸¸¡¸¸½]¸›¸ between provisions
vi. ‚¿¢÷¸Ÿ¸ ©¸½«¸ (i+ii-iii-iv(+/-v) 48460.27 vi. Closing Balance (i+ii-iii-iv(+/-v) 48460.27

Œ2 ¬¸¸Ÿ¸¸›¡¸ œÏ¸¨¸š¸¸›¸ E2 General Provisions

i. ‚¸£¿¢ž¸ˆÅ ©¸½«¸ 1589.21 i. Opening Balance 1589.21
ii. ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ œÏ¸¨¸š¸¸›¸ 2000.48 ii. Provisions made during the period 2000.48

145
 Annual Report 2020-21

31.03.2021 31.03.2021
iii. ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ Š¸‡ ¤¸’Ã’½ ‰¸¸÷¸½ 0.00 iii. Write-off made during the period 0.00
iv. ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ œÏ¢÷¸¥¸½‰¸ 0.00 iv. Write-back of excess provisions 0.00
œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ¤¸ú\¸ ‚¿÷¸£µ¸ ¬¸¢í÷¸ ˆÅ¸½ƒÄ v. Any other adjustments including transfer
0.00
v. 0.00 between provisions
‚›¡¸ ¬¸Ÿ¸¸¡¸¸½]¸›¸
vi. ¬¸Ÿ¸¸œ¸›¸ ©¸½«¸ (i+ii-iii-iv(+/-v) 3589.69 vi. Closing Balance (i+ii-iii-iv(+/-v) 3589.69

(\¸) ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸’Ã’½ ‰¸¸÷¸½ 49821.56 (F) Write off during the period 49821.56

¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸’Ã’½ ”¸¥¸½ Š¸‡ ‰¸¸÷¸¸Ê (G) Recovery in the written off accounts
(Ž) 8439.49 8439.49
Ÿ¸Ê ¨¸¬¸»¥¸ú during the period

(]¸) ‚›¸]¸ÄˆÅ ¢›¸¨¸½©¸ (‡›¸œ¸ú‚¸ƒÄ) 4469.69 (H) Non Performing Investments (NPI) 4469.69

(I) Provisions for NPI 3368.54

(^¸) ‚›¸]¸ÄˆÅ ¢›¸¨¸½©¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ 3368.54
(J) Movement of provision for depreciation
¢›¸¨¸½©¸¸Ê ˆ½Å ¢¥¸‡ Ÿ¸»¥¡¸Ý¸¬¸ í½÷¸º œÏ¸¨¸š¸¸›¸ on investments (including provision
(‘¸) ˆÅ¸ ¬¸¿\¸¥¸›¸ (‚›¸]¸ÄˆÅ ¢›¸¨¸½©¸¸Ê, of NPI, MTM depreciation and
‡Ÿ¸’ú‡Ÿ¸ Ÿ¸»¥¡¸Ý¸¬¸ ‚¸¾£ œ¸º›¸¬¸ô£¢\¸÷¸ Restructured Investments)
¢›¸¨¸½©¸¸Ê ˆ½Å œÏ¸¨¸š¸¸›¸ ¬¸¢í÷¸) I Opening balance 4304.87
I ‚¸£¿¢ž¸ˆÅ ©¸½«¸ 4304.87 II Provisions made during the period 1497.90
II ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ œÏ¸¨¸š¸¸›¸ 1497.90 III Reduction during the period 0.00
III ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ˆÅŸ¸ú 0.00
IV Provision for write-off made during the
IV ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ Š¸‡ ¤¸’Ã’½ ‰¸¸÷¸½ 450.50 period 450.50
œÏ¢÷¸ž¸»¢÷¸ ¬˜¸¸›¸¸¿÷¸£µ¸ ˆ½Å ™¸¾£¸›¸ „œ¸¡¸¸½Š¸
V 1.84 V Provisions used during shifting securities 1.84
¢ˆÅ‡ Š¸‡ œÏ¸¨¸š¸¸›¸
VI Write back of excess provision made
‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ ‚¢÷¸¢£Æ÷¸
VI 0.0 during period 0.0
œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ œÏ¢÷¸¥¸½‰¸
Closing balance (i+ii-iii-iv-v) 5350.43
¬¸Ÿ¸¸œ¸›¸ ©¸½«¸ (i+ii-iii-iv-v) 5350.43
(’) „Ô¸¸½Š¸ (K) Industries (Major Industries)
‚›¸]¸ÄˆÅ ‚¸¦¬÷¸ ˆÅú £¸¢©¸ 12345.60 Amount of NPAs 12345.60
¢¨¸¢›¸¢™Ä«’ œÏ¸¨¸š¸¸›¸ 9549.90 Specific Provisions 9549.90
¬¸¸Ÿ¸¸›¡¸ œÏ¸¨¸š¸¸›¸ 0.00 General Provisions 0.00
‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢ˆÅ‡ Š¸‡ ¢¨¸¢›¸¢™Ä«’
0.00 Specific Provisions made during the
œÏ¸¨¸š¸¸›¸ period 0.00
‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¤¸’Ã’½ ‰¸¸÷¸½ 0.00 Write offs during the period 0.00
¬¸Ÿ¸ºÍœ¸¸£ú¡¸ - ©¸»›¡¸
Overseas - NIL
œ¸¸¿\¸ œÏŸ¸º‰¸ „Ô¸¸½Š¸¸Ê ˆ½Å „Ô¸¸½Š¸¨¸¸£ œÏ¸¨¸š¸¸›¸ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ
The Industry-wise Provision of five major industries is as below
(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê)
(Amount in ` million)
    ‡›¸œ¸ú‡ œÏ¸¨¸š¸¸›¸     NPA Provision
ˆÅ ˆÅœ¸”õ¸ 1934.70 1511.10 A Textiles 1934.70 1511.10
‰¸ ¬¸ž¸ú ƒ¿¢]¸¢›¸¡¸¢£¿Š¸ 1543.10 1372.70 B All Engineering 1543.10 1372.70
C Basic Metal and Metal
Š¸ Ÿ¸»¥¸ š¸¸÷¸º ¨¸ š¸¸÷¸º „÷œ¸¸™ 1469.60 833.10 1469.60 833.10
Products
‹¸ ‚¨¸¬¸¿£\¸›¸¸ 1221.70 1202.70 D Infrastructure 1221.70 1202.70
Œ œ¸½œ¸£ ‚¸¾£ œ¸½œ¸£ „÷œ¸¸™ 550.80 426.10 E Paper and Paper Products 550.80 426.10

6. ‚£¢®¸÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸Š¸¸½œ¸›¸ (¡¸»‡ûŬ¸úƒÄ) ˆÅ¸ œÏˆÅ’›¸ À 6. Disclosures of Unhedged Foreign Currency Exposure
(UFCE) :
(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê)
(Amount in ` million)
ÇÅŸ¸¸¿ˆÅ ¢¨¸¨¸£µ¸ 31.03.2021 Sr.
Particulars 31.03.2021
1. ¡¸»‡ûŬ¸úƒÄ ˆ½Å ˆÅ¸£µ¸ ¢ˆÅ‡ Š¸‡ ‚¢÷¸¢£Æ÷¸ 68.77 No.
œÏ¸¨¸š¸¸›¸ 1. Additional provisioning made on account of 68.77
UFCE
2. ¡¸»‡ûŬ¸úƒÄ ˆ½Å ˆÅ¸£µ¸ š¸¸¢£÷¸ ¨¸¼¢Ö©¸ú¥¸ œ¸»¿]¸ú 17.23
2. Incremental Capital held on account of UFCE 17.23

146
Jeeef<e&keÀ efjHeesì& 2020-21
TABLE DF-4 - CREDIT RISK DISCLOSURES FOR PORTFOLIOS
¬¸¸£µ¸ú-”ú‡ûÅ-4 - Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ´¦«’ˆÅ¸½µ¸ ˆ½Å ‚¸š¸¸£ œ¸£ ¬¸¿¢¨¸ž¸¸Š¸ í½÷¸º
SUBJECT TO THE STANDARDIZED APPROACH
†µ¸ ]¸¸½¢‰¸Ÿ¸ œÏˆÅ’›¸
a. Qualitative Disclosures:
ˆÅ. Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ À
Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ´¦«’ˆÅ¸½µ¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¬¸¿¢¨¸ž¸¸Š¸¸Ê ˆ½Å ¢¥¸‡ À For portfolios under Standardized Approach:

¤¸ÿˆÅ, †µ¸ ]¸¸½¢‰¸Ÿ¸ í½÷¸º œ¸»¿]¸ú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆ½Å Ÿ¸¸œ¸›¸ í½÷¸º Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ´¦«’ˆÅ¸½µ¸ ˆÅ¸
„œ¸¡¸¸½Š¸ ˆÅ£ £í¸ í¾— Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ´¦«’ˆÅ¸½µ¸ ˆ½Å ‚›¸º¬¸¸£ ¤¸ÿˆÅ †µ¸ ]¸¸½¢‰¸Ÿ¸ £½¢’¿Š¸ ˆ½Å
¢¥¸‡ ‚¸£¤¸ú‚¸ƒÄ ׸£¸ ‚›¸ºŸ¸¸½¢™÷¸ ƒÄ¬¸ú‡‚¸ƒÄ £½¢’¿Š¸ (¤¸¸à¸ †µ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¬¸¿¬˜¸¸)
¬¨¸úˆÅ¸£ ˆÅ£÷¸¸ í¾ ‚¸¾£ ]¸í¸¿ ¡¸í £½¢’¿Š¸ „œ¸¥¸¤š¸ íÿ, ¨¸í¸¿ ]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸Ê
ˆÅú Š¸µ¸›¸¸ ˆ½Å ¢¥¸‡ ƒ›¸ £½¢’¿Š¸ ˆÅ¸ „œ¸¡¸¸½Š¸ ˆÅ£÷¸¸ í¾—
1. ž¸¸£÷¸ú¡¸ ǽŢ”’ £½¢’¿Š¸ ¬¸»\¸›¸¸ ¬¸½¨¸¸ ¢¥¸¢Ÿ¸’½” (¢ÇÅ¢¬¸¥¸)
2. ǽŢ”’ ‡›¸¸¢¥¸¢¬¸¬¸ ‡µ” ¢£¬¸\¸Ä ¢¥¸¢Ÿ¸’½” (ˆ½Å‚£)
3. ƒ¿¢”¡¸¸ £½¢’¿Š¸
4. ƒÄÇŸ ¢¥¸¢Ÿ¸’½”
5. ¢¤ÏˆÅ¨¸ˆÄÅ
6. ‡¬¸ú¡¸»‚¸ƒÄ’úƒÄ (œ¸»¨¸Ä Ÿ¸Ê ‡¬¸‡Ÿ¸ƒÄ‚¸£‡)
7. ƒ›¸ûŸ½Ÿ¸½¢£Æ¬¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‚¸¾£ £½¢’¿Š¸ œÏ¸ƒ¨¸½’ ¢¥¸¢Ÿ¸’½”
¢¨¸Š¸¸½œ¸›¸ ˆ½Å œÏˆÅ¸£ ¢]¸›¸ˆ½Å ¢¥¸‡ œÏ÷¡¸½ˆÅ £½¢’¿Š¸ ‡]¸Ê¬¸ú ˆÅ¸ œÏ¡¸¸½Š¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾À
¤¸ÿˆÅ ›¸½ ¬¸ž¸ú œ¸¸°¸ ¢¨¸Š¸¸½œ¸›¸¸Ê ˆ½Å ¢¥¸‡ „Æ÷¸ ‚›¸ºŸ¸¸½¢™÷¸ ǽŢ”’ £½¢’¿Š¸ ‡]¸Ê¢¬¸¡¸¸Ê ׸£¸ œÏ™î¸
¬¸Ÿ¸›¸º™¢½ ©¸÷¸ £½¢’¿Š¸ ˆÅ¸ œÏ¡¸¸½Š¸ ¢ˆÅ¡¸¸ í¾— ¤¸ÿˆÅ ›¸½ ƒ›¸ ‡]¸Ê¢¬¸¡¸¸Ê ׸£¸ ¬¸Ÿ¸›¸º™¢½ ©¸÷¸ £½¢’¿Š¸ Ÿ¸Ê ˆÅ¸½ƒÄ
œ¸®¸œ¸¸÷¸ ›¸íú¿ ¢ˆÅ¡¸¸ í¾ ‚¸¾£ ›¸ íú ¢ˆÅ¬¸ú ¢¨¸©¸½«¸ œÏˆÅ¸£ ˆ½Å ¢¨¸Š¸¸½œ¸›¸ Ÿ¸Ê ƒ›¸ˆ½Å œÏ¡¸¸½Š¸ ˆ½Å ¢¥¸‡
¤¸¸¢š¸÷¸ ¢ˆÅ¡¸¸ í¾—
¤¸ÿˆÅ ˆÅú ¤¸¸à¸ £½¢’¿Š¸ ‚›¸ºœÏ¡¸¸½]¡¸ £½‰¸¸ ˆÅ¸½ ¥¸¸Š¸» ˆÅ£›¸½ í½÷¸º Ÿ¸º‰¡¸ ¢¤¸¿™º ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸
íÿ -
· •¤¸ÿˆÅ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º³Åœ¸ ÷¸˜¸¸ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ׸£¸
Ÿ¸¸¿Š¸ú Š¸ƒÄ ‚¸¾£ ¬¨¸úˆÅ¸¡¸Ä „Æ÷¸ ¢ˆÅ¬¸ú ž¸ú £½¢’¿Š¸ ‡]¸Ê¬¸ú ׸£¸ ¬¸Ÿ¸›¸º™½¢©¸÷¸ £½¢’¿Š¸
ˆÅ¸ œÏ¡¸¸½Š¸ ˆÅ£½Š¸¸—
·• ]¸í¸Â ž¸ú „œ¸¥¸¤š¸ í¸½, ¤¸ÿˆÅ †µ¸ˆÅ÷¸¸Ä‚¸Ê ˆ½Å ` 5 ˆÅ£¸½”õ ¬¸½ ‚¢š¸ˆÅ ˆ½Å ]¸¸½¢‰¸Ÿ¸
ž¸¸¢£÷¸ ¢¨¸Š¸¸½œ¸›¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¬¸º¢¨¸š¸¸ £½¢’¿Š¸ ‚˜¸¨¸¸ ¤¸ÿˆÅ †µ¸
£½¢’¿Š¸ ˆÅ¸ „œ¸¡¸¸½Š¸ ˆÅ£÷¸¸ í¾— ]¸í¸¿ ]¸¸£úˆÅ÷¸¸Ä £½¢’¿Š¸ „œ¸¥¸¤š¸ í¸½÷¸ú í¾, ¤¸ÿˆÅ ¨¸í¸Â
ƒ¬¸ˆÅ¸ œÏ¡¸¸½Š¸ ˆÅ£÷¸¸ í¾ ¤¸©¸÷¸½Ä ¢ˆÅ ¤¸ÿˆÅ †µ¸ ˆÅú ¢¨¸¢©¸«’ £½¢’¿Š¸ ›¸íú¿ íºƒÄ í¸½—
· ]¸¤¸ „š¸¸£ˆÅ÷¸¸Ä ˆÅ¸ £½¢’¿Š¸ ¢›¸š¸¸Ä£µ¸ 150% ]¸¸½¢‰¸Ÿ¸ ž¸¸£ ˆÅ¸½ ™©¸¸Ä÷¸¸ í¾ ÷¸¸½
„š¸¸£ˆÅ÷¸¸Ä ˆÅú ¢¤¸›¸¸ £½¢’¿Š¸ ¨¸¸¥¸ú ¬¸ž¸ú ¬¸º¢¨¸š¸¸‚¸Ê œ¸£ ž¸ú ¡¸í £½¢’¿Š¸ ¥¸¸Š¸» í¸½÷¸ú
í¾ ‚¸¾£ „›¸ˆÅ¸ ]¸¸½¢‰¸Ÿ¸ ž¸¸£ ž¸ú 150% í¸½÷¸¸ í¾—
· ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ›¸½ ‡ˆÅ¸¢š¸ˆÅ £½¢’¿Š¸ ¨¸¸¥¸ú ¬¸º¢¨¸š¸¸‚¸Ê ˆ½Å ¢¥¸‡ ¢¨¸©¸½«¸
œ¸¢£¦¬˜¸¢÷¸¡¸¸Â ¬¸»¢\¸÷¸ ˆÅú íÿ— ƒ¬¸ ¬¸¿™ž¸Ä Ÿ¸Ê œÏ™î¸ ¬¸º¢¨¸š¸¸‚¸Ê ˆ½Å ¢¥¸‡ ]¸¤¸ ™¸½
£½¢’¿Š¸ ™ú Š¸ƒÄ í¸½ ÷¸¸½ ¢›¸Ÿ›¸÷¸£ £½¢’¿Š¸ ‚¸¾£ ]¸¤¸ ™¸½ ¡¸¸ ‚¢š¸ˆÅ £½¢’¿Š¸ ™ú Š¸ƒÄ í¸½
÷¸¸½ ™»¬¸£ú ¢›¸Ÿ›¸÷¸Ÿ¸ £½¢’¿Š¸ (¬¸½ˆÊÅ” ¥¸¸½‡¬’ £½¢’¿Š¸) ˆÅ¸ œÏ¡¸¸½Š¸ í¸½÷¸¸ í¾—
· ǽŢ”’ £½¢’¿Š¸ ‡]¸Ê¢¬¸¡¸¸Ê ׸£¸ ˆÅú Š¸ƒÄ £½¢’¿Š¸ ˆÅ¸ œÏ¡¸¸½Š¸/ ¥¸¸Š¸» ˆÅ£÷¸½ ¬¸Ÿ¸¡¸ ¤¸ÿˆÅ
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¢™©¸¸¢›¸™½Ä©¸¸Ê ¬¸½ Ÿ¸¸Š¸Ä™©¸Ä›¸ œÏ¸œ÷¸ ˆÅ£÷¸¸ í¾—
· ¤¸ÿˆÅ œ¸»¿]¸ú œÏ™¸›¸ ˆÅ£›¸½ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ž¸¸ ¢£ ¤¸ÿ ˆ½Å ¨¸÷¸ÄŸ¸¸›¸ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆÅ¸
‚›¸º¬¸£µ¸ ˆÅ£÷¸¸ í¾—
‚›¸¸í¢£÷¸ ¢¨¸Š¸¸½œ¸›¸¸Ê ¬¸½ ¨¡¸¨¸í¸£ :
Bank uses standardized approach to measure capital requirements
for credit risk. As per Standardized Approach, Bank accepts rating of
following RBI approved ECAI (External Credit Assessment Institution)
for credit risk rating and has used these ratings for calculating risk
weighted assets wherever such ratings are available.
1. Credit Rating Information Services of India Limited (CRISIL),
2. Credit Analysis and Research limited (CARE),
3. India Ratings,
4. ICRA Limited,
5. Brickwork,
6. ACUITE (Earlier SMERA)
7. INFOMERICS Valuation and Rating Private Limited
Types of exposures for which each agency is used:
Bank has used solicited ratings assigned by the above approved credit
rating agencies for all eligible exposures. Bank has neither made any
discrimination among ratings assigned by these agencies nor has
restricted their usage to any particular type of exposure.
Key aspects of Bank’s External Ratings application framework are as
follows:
· Bank uses ratings assigned by any of these credit rating
agencies as solicited and accepted by borrowers in line with RBI
guidelines.
· Wherever available, Bank uses facility rating or bank loan rating
for risk weighting borrower’s exposures above ` 5 crore. Where
issuer rating is available Bank uses such ratings unless bank
loan is specifically rated.
· When a borrower is assigned a rating that maps to a risk weight
of 150%, then this rating is applied on all the unrated facilities of
the borrower and risk weighted at 150%.
· RBI guidelines outline specific conditions for facilities that have
multiple ratings. In this context, lower rating, where there are two
ratings and second-lowest rating where there are two or more
ratings are used for a given facility.
· While mapping/applying the ratings assigned by credit rating
agencies, Bank is guided by Regulatory guidelines.
· Bank is following the RBI’s extant guidelines in respect of
providing capital.
Treatment of undrawn exposures:

¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ Ÿ¸¸›¸™¿”¸Ê ˆÅú ‚œ¸½®¸¸›¸º¬¸¸£, ¤¸ÿˆÅ †µ¸ ¬¸º¢¨¸š¸¸‚¸Ê ˆ½Å ‚›¸¸í¢£÷¸ ž¸¸Š¸ ˆ½Å
¢¥¸‡ ž¸ú œ¸»¿]¸ú š¸¸¢£÷¸ ˆÅ£÷¸¸ í¾ ]¸¸½ œÏ¡¸¸½]¡¸ †µ¸ œ¸¢£¨¸÷¸Ä›¸ˆÅ¸£ˆÅ (¬¸ú¬¸ú‡ûÅ) œ¸£
‚¸š¸¸¢£÷¸ ¬¸Ÿ¸ˆÅ®¸ †µ¸ œÏˆÅ’›¸ Ÿ¸Ê ƒ›¸ †µ¸¸Ê ˆÅ¸½ œ¸¢£¨¸¢÷¸Ä÷¸ ˆÅ£ ¤¸ÿˆÅ ׸£¸ œ¸»¨¸Ä¬¸»\¸›¸¸
ˆ½Å ¢¤¸›¸¸ ©¸÷¸Äíú›¸ ³Åœ¸ ¬¸½ ¢›¸£¬÷¸ ˆÅ£›¸½ ¡¸¸½Š¡¸ í¸½÷¸½ íÿ— †µ¸ ¬¸º¢¨¸š¸¸, ]¸¸½ ¢¤¸›¸¸ œ¸»¨¸Ä
¬¸»\¸›¸¸ ˆ½Å ¢¤¸›¸¸ ©¸÷¸Ä ˆ½Å £Ó ˆÅú ]¸¸ ¬¸ˆÅ÷¸ú í¾, ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ‚›¸¸í¢£÷¸ ¢¨¸Š¸¸½œ¸›¸ œ¸£
©¸»›¡¸ œÏ¢÷¸©¸÷¸ ˆÅ¸ ¬¸ú¬¸ú‡ûÅ ¥¸¸Š¸» ˆÅ£÷¸¸ í¾—
As required by the regulatory norms, Bank holds capital even for
the undrawn portion of credit facilities which are not unconditionally
cancellable without prior notice by Bank, by converting such
exposures into a credit exposure equivalent based on the applicable
Credit Conversion Factor (CCF). For credit facilities, which are
unconditionally cancellable without prior notice, Bank applies a CCF
of zero percent on the undrawn exposure.

b. Quantitative Disclosures:
‰¸. Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ À
Exposure amounts as of 31.03.2021 after risk mitigation subject
¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ œÏŸ¸º‰¸ ]¸¸½¢‰¸Ÿ¸ ¤¸ˆ½Å’ì¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ œÏˆÅ’ ¤¸ÿˆÅ ˆÅú ¤¸ˆÅ¸¡¸¸ (£½’ ˆÅú Š¸ƒÄ to Standardized Approach, amount of a Bank’s outstanding
‚¸¾£ £½’ ›¸ ˆÅú Š¸ƒÄ) £¸¢©¸¡¸¸¿, Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ´¦«’ˆÅ¸½µ¸ ˆ½Å ‚¸š¸¸£ œ¸£ ]¸¸½¢‰¸Ÿ¸ œÏ©¸Ÿ¸›¸ ˆ½Å (rated and unrated) disclosed under following major risk
„œ¸£¸›÷¸ 31.03.2021 ˆÅ¸½ ¢¨¸Š¸¸½œ¸›¸¸Ê £¸¢©¸¡¸¸Â ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ- buckets :-

147

(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê)
ÇÅ. ¢¨¸¨¸£µ¸ ©¸½«¸ ¢¨¸Š¸¸½œ¸›¸
i 100% ]¸¸½¢‰¸Ÿ¸ ž¸¸£ ¬¸½ ˆÅŸ¸ 1713859.53
ii 100% ]¸¸½¢‰¸Ÿ¸ ž¸¸£ 153414.83
iii 100% ]¸¸½¢‰¸Ÿ¸ ž¸¸£ ¬¸½ ‚¢š¸ˆÅ 169892.36
„œ¸ ]¸¸½”õ 2037166.72
iv ˆÅ¸’¸ Š¸¡¸¸ ¬¸ú‚¸£‡Ÿ¸ Ÿ¸»¥¡¸ 69183.13
ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ 2106349.85
¬¸¸£µ¸ú-”ú‡ûÅ-5 - †µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ©¸Ÿ¸›¸ - Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ´¦«’ˆÅ¸½µ¸ ˆÅ¸ œÏˆÅ’›¸
Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸
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· ¬¸¿œ¸¸¢æ¸ÄˆÅ Ÿ¸»¥¡¸¸¿ˆÅ›¸
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£, ¤¸ÿˆÅ ¬¸¿œ¸¸¢æ¸ÄˆÅ œÏ¢÷¸ž¸»¢÷¸ í½÷¸º
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†µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ©¸Ÿ¸›¸ ˆÅú ¬¸úŸ¸¸ ÷¸ˆÅ ‚œ¸›¸ú œ¸»¿]¸ú ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆÅú Š¸µ¸›¸¸ ˆÅ£÷¸½
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Ÿ¸»¥¡¸¸¿ˆÅ›¸ ™¸½ ¡¸¸ „¬¸¬¸½ ‚¢š¸ˆÅ Ÿ¸»¥¡¸¸¿ˆÅ›¸ˆÅ÷¸¸Ä‚¸Ê ¬¸½ ˆÅ£¸¡¸¸ ]¸¸‡—
· ¤¸ÿˆÅ ׸£¸ ¥¸ú Š¸ƒÄ ¬¸¿œ¸¸¢æ¸ÄˆÅ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å Ÿ¸º‰¡¸ œÏˆÅ¸£¸Ê ˆÅ¸ ¢¨¸¨¸£µ¸
†µ¸ ]¸¸½¢‰¸Ÿ¸ ˆÅú œ¸»]¿ ¸ú ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆÅú Š¸µ¸›¸¸ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆ½Å¨¸¥¸ „›íú¿ ¬¸¿œ¸¸¢æ¸ÄˆÅ
œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸½ ¬¨¸úˆÅ¸£ ˆÅ£÷¸¸ í¾ ]¸¸½ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½©Ä ¸¸Ê ˆ½Å
‚¿÷¸Š¸Ä÷¸ ]¸¸½¢‰¸Ÿ¸ ˆÅ¸½ ˆÅŸ¸ ˆÅ£›¸½ í½÷¸º œ¸¸°¸ íÿ— ¡¸½ œÏ¢÷¸ž¸»¢÷¸¡¸¸Â ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ íÿ -
o ¤¸ÿˆÅ¸Ê Ÿ¸Ê ›¸ˆÅ™ ]¸Ÿ¸¸
o ¤¸º¢¥¸¡¸›¸ ‚¸¾£ ‚¸ž¸»«¸µ¸¸Ê ¬¸¢í÷¸ ¬¨¸µ¸Ä
o ˆÊÅÍ ‚¸¾£ £¸]¡¸ ¬¸£ˆÅ¸£ ׸£¸ ]¸¸£ú œÏ¢÷¸ž¸»¢÷¸¡¸¸Â
o ¢ˆÅ¬¸¸›¸ ¢¨¸ˆÅ¸¬¸ œ¸°¸ ‚¸¾£ £¸«’ïú¡¸ ¤¸\¸÷¸ œÏŸ¸¸µ¸œ¸°¸
148
Annual Report 2020-21
(Amount in ` million)
Sr. Exposure
Particulars
No. Outstanding
i Below 100 % risk weight 1713859.53
ii 100 % risk weight 153414.83
iii More than 100 % risk weight 169892.36
sub total 2037166.72
iv Deducted CRM Value 69183.13
Total Exposure 2106349.85
TABLE DF-5 – CREDIT RISK MITIGATION: DISCLOSURES FOR
STANDARDISED APPROACHES
Qualitative Disclosures
· Policies for Credit Risk Mitigation:
Bank has a Board approved policy framework for collateral
management and credit risk mitigation techniques, which
include among other aspects guidelines on acceptable types of
collateral, ongoing monitoring of collateral including frequency
and basis of valuation and application of credit risk mitigation
techniques.
· Collateral Management
Bank defines collateral as it is an additional security given, over
and above primary security or in substitution thereof. It serves
as an additional comfort to Bank for recovery of loans in default
situations. At times, these securities are not connected to main
business of the borrower or may not be owned by the borrower.
Bank ensures that underlying documentation for collateral
provides Bank appropriate rights over collateral or other forms
of credit enhancement including right to liquidate/retain or take
legal possession of it in a timely manner in the event of default
by counterparty.
· Collateral Valuation
As stipulated by RBI guidelines, Bank uses comprehensive
approach for collateral valuation. Under this approach, Bank
reduces its exposure to counterparty when calculating its
capital requirements to the extent of risk mitigation provided by
eligible financial collateral as specified in Basel III guidelines.
Bank also applies appropriate haircuts. Bank has also put in
place Loan Policy duly approved by Board, which lay down
the types of securities normally accepted by Bank for lending,
and administration / monitoring of such securities in order to
safeguard/protect the interest of Bank so as to minimize risk
associated with it. Both fixed and current assets obtained to
secure loans granted by Bank as per policy prescription are
subjected to valuation by outside valuers empanelled by Bank.
In respect of high value of collateral, valuation from two or more
valuers is obtained.
· Description of main types of collateral taken by Bank
For computation of capital requirement for Credit Risk, Bank
recognizes only those collaterals that are considered as eligible
for risk mitigation in RBI guidelines, which are as under:
o Cash Deposit with bank
o Gold, including bullion and Jewellery
o Securities issued by Central and State Governments
o Kisan Vikas Patra and National Savings Certificate
Jeeef<e&keÀ efjHeesì& 2020-21

o ¤¸úŸ¸¸ ®¸½°¸ ˆ½Å ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ׸£¸ ¢¨¸¢›¸¡¸¸¢Ÿ¸÷¸ ¤¸úŸ¸¸ ˆ¿Åœ¸›¸ú ׸£¸ ‹¸¸½¢«¸÷¸ o Life Insurance Policies with a declared surrender value of
an insurance company which is regulated by the insurance
¬¸Ÿ¸œ¸Äµ¸ Ÿ¸»¥¡¸ ˆ½Å ¬¸¸˜¸ ]¸ú¨¸›¸ ¤¸úŸ¸¸ œ¸¸Á¢¥¸¢¬¸¡¸¸Â sector regulator
o ˆÅŸ¸-¬¸½-ˆÅŸ¸ ¤¸ú¤¸ú¤¸ú, ‡3 ˆÅú £½¢’¿Š¸ ¨¸¸¥¸ú ]¸Ÿ¸¸ œÏŸ¸¸µ¸œ¸°¸ ¬¸¢í÷¸ †µ¸
o Debt securities including Certificate of Deposit rated at least
œÏ¢÷¸ž¸»¢÷¸¡¸¸Â— BBB,A3
o Ÿ¡¸»\¡¸º‚¥¸ û¿Å” ˆ½Å ¡¸»¢›¸’ ¢]¸¬¸ˆÅ¸ ¢›¸¨¸½©¸ „Æ÷¸ „¦¥¥¸¢‰¸÷¸ ¢¥¸‰¸÷¸¸Ê Ÿ¸Ê o Units of Mutual Funds, where the investment is in
¬¸½ ‡ˆÅ í¾— instruments mentioned above

· œÏ¢÷¸œ¸®¸ ˆ½Å Š¸¸£¿’ú™¸÷¸¸ ˆ½Å Ÿ¸º‰¡¸ œÏˆÅ¸£ ‚¸¾£ „›¸ˆÅú †µ¸ ¬¸¸‰¸
]¸í¸Â ˆÅíú¿ ž¸ú ‚¸¨¸©¡¸ˆÅ í¸½, ¤¸ÿˆÅ †µ¸ ]¸¸½¢‰¸Ÿ¸ ˆÅ¸½ ˆÅŸ¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡
‚¢÷¸¢£Æ÷¸ ˆºÅ©¸›¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¡¸¢Æ÷¸Š¸÷¸ ‚˜¸¨¸¸ ¢›¸Š¸¢Ÿ¸÷¸ Š¸¸£¿’ú œÏ¸œ÷¸ ˆÅ£÷¸¸
í¾ ¢]¸¬¸¬¸½ Š¸¸£¿’ú™¸÷¸¸ œ¸£ ¬¸úš¸½ ™¸¨¸¸ ¢ˆÅ¡¸¸ ]¸¸ ¬¸ˆÅ÷¸¸ í¾ ‚¸¾£ ]¸¸½ ¢¤¸›¸¸ ©¸÷¸Ä
‚¸¾£ ‚œÏ÷¡¸¸¨¸÷¸Ä›¸ú¡¸ í¸½÷¸ú íÿ— ¤¸ÿˆÅ ¬¸º£®¸¸ ˆÅ¨¸\¸ ˆ½Å ³Åœ¸ Ÿ¸Ê £¸]¡¸/ ˆÊÅÍ
¬¸£ˆÅ¸£/ ƒÄ¬¸ú]¸ú¬¸ú/ ¬¸ú]¸ú’ú‡Ÿ¸‡¬¸ƒÄ/ ‡›¸¬¸ú]¸ú’ú¬¸ú ׸£¸ ™ú Š¸ƒÄ Š¸¸£¿’ú ž¸ú
¬¨¸úˆÅ¸£ ˆÅ£÷¸¸ í¾—
· Main types of guarantor counterparty and their
creditworthiness
Wherever required Bank obtains personal or corporate guarantee
as an additional comfort for mitigation of credit risk which can
be translated into a direct claim on the guarantor which is
unconditional and irrevocable. Bank also accepts guarantee
given by State / Central Government/ECGC/CGTMSE/NCGTC
as a security comfort.

· †µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ©¸Ÿ¸›¸ Ÿ¸Ê ˆÊÅÍúˆÅ£µ¸ · Concentrations within Credit Risk Mitigation

ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½©Ä ¸¸Ê ˆ½Å ‚›¸º¬¸¸£, œ¸¸°¸ †µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ©¸Ÿ¸›¸ í½÷¸º
©¸÷¸¸½ô ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¡¸í ‚œ¸½¢®¸÷¸ í¾ ¢ˆÅ œÏ¢÷¸œ¸®¸ ˆ½Å †µ¸ ˆÅú Š¸ºµ¸¨¸î¸¸ ‚¸¾£ ¬¨¸úˆÅ¸¡¸Ä
¬¸¿œ¸¸¢æ¸ÄˆÅ œÏ¢÷¸ž¸»¢÷¸ ˆ½Å Ÿ¸»¥¡¸ ˆ½Å ¤¸ú\¸ Ÿ¸Ê ˆÅ¸½ƒÄ ÷¸¸¦÷¨¸ˆÅ ¬¸ˆÅ¸£¸÷Ÿ¸ˆÅ ¬¸í-¬¸¿¤¸¿š¸ ›¸íú¿
í¾— ¬¸ú‚¸£‡Ÿ¸ (†µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ©¸Ÿ¸›¸)/ Š¸¸£¿’úœ¸»µ¸Ä ¢¨¸Š¸¸½œ¸›¸ ¢ˆÅ¬¸ú ž¸ú ¤¸¸]¸¸£
¬¸¿¤¸¿š¸ú „÷¸¸£-\¸[õ¸¨¸ ˆ½Å ‚š¸ú›¸ ›¸íú¿ íÿ ‚¸¾£ ¡¸½ ¢¨¸Š¸¸½œ¸›¸ ¨¸¾¢¨¸š¡¸œ¸»µ¸Ä íÿ— ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸Ê,
¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ †µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ©¸Ÿ¸›¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ˆÅ¸½ƒÄ ˆÊÅÍúˆ¼Å÷¸ ]¸¸½¢‰¸Ÿ¸ ›¸íú¿ í¾—
RBI guidelines, among its conditions for eligible credit risk
mitigants, require that there should not be a material positive
correlation between the credit quality of the counterparty and the
value of the collateral being considered. The CRM (Credit Risk
Mitigation)/ Guaranteed exposure are not subject to any market
fluctuation and these exposures are well diverse. Currently, Bank
does not have any concentration risk within credit risk mitigation.

Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸À Quantitative Disclosures:

ˆÅ) ‚¥¸Š¸-‚¥¸Š¸ ³Åœ¸ ¬¸½ œÏˆÅ’ †µ¸ ]¸¸½¢‰¸Ÿ¸ œÏ÷¡¸½ˆÅ ¬¸¿¢¨¸ž¸¸Š¸ ˆ½Å ¢¥¸‡ Ÿ¸¸¢]¸Ä›¸ (a) For each separately disclosed credit risk portfolio total exposure
(after, where applicable, on or off balance sheet netting) that is
¥¸¸Š¸» ˆÅ£›¸½ ˆ½Å ¤¸¸™ œ¸¸°¸ ¢¨¸î¸ú¡¸ ¬¸¿œ¸¸¢æ¸ÄˆÅ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ¬¸½ £¢®¸÷¸ ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ covered by eligible financial collateral after application of haircuts
(]¸í¸¿ ¥¸¸Š¸» í¾ ¨¸í¸¿ ‚¸ÁûÅ ¡¸¸ ‚¸Á›¸ ¤¸¾¥¸Ê¬¸ ©¸ú’ ›¸½¢’¿Š¸ ˆ½Å ¤¸¸™)
(Amount in ` million)
(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê)
31.03.2021
31.03.2021 Total exposure (after, where applicable, 69183.13
Ÿ¸¸¢]¸Ä›¸ ¥¸¸Š¸» ˆÅ£›¸½ ˆ½Å œ¸ä¸¸÷¸ œ¸¸°¸ ¢¨¸î¸ú¡¸ ¬¸¿œ¸¸¢æ¸ÄˆÅ ׸£¸ 69183.13 on or off balance sheet netting) that is
ˆÅ¨¸£ ¢ˆÅ‡ Š¸‡ ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ (÷¸º¥¸›¸œ¸°¸ œ¸»¨¸Ä ¡¸¸ ÷¸º¥¸›¸œ¸°¸ covered by eligible financial collateral after
œ¸ä¸¸÷¸ ¬¸Ÿ¸¸¡¸¸½]¸›¸ ˆÅ£›¸½ ˆ½Å ¤¸¸™, ]¸í¸¿ ˆÅíú¿ ¥¸¸Š¸» í¸½) application of haircuts

‰¸) ‚¥¸Š¸-‚¥¸Š¸ œÏˆÅ’ œÏ÷¡¸½ˆÅ ¬¸¿¢¨¸ž¸¸Š¸ (]¸í¸¿ ¥¸¸Š¸» í¾ ¨¸í¸¿ ‚¸ÁûÅ ¡¸¸ ‚¸Á›¸ ¤¸¾¥¸Ê¬¸ (b) For each separately disclosed portfolio total exposure (after,
©¸ú’ ›¸½¢’¿Š¸ ˆ½Å ¤¸¸™) ˆ½Å ¢¥¸‡ Š¸¸£¿¢’¡¸¸Ê/ †µ¸ ”½¢£¨¸½¢’¨¬¸ (]¸í¸¿ ¢¨¸©¸½«¸ ³Åœ¸ where applicable, on- or off-balance sheet netting) that is
¬¸½ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ›¸½ ‚›¸ºŸ¸¢÷¸ ™ú í¾) ¬¸½ £¢®¸÷¸ ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ covered by guarantees/credit derivatives (whenever specifically
permitted by RBI)
(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê)
(Amount in ` million)
31.03.2021 31.03.2021
Š¸¸£¿¢’¡¸¸Ê ׸£¸ ˆÅ¨¸£ ¢ˆÅ‡ Š¸‡ ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ 133625.90 Total exposure that is covered by Guarantees 133625.90
¬¸¸£µ¸ú-”ú‡ûÅ-6 œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ¢¨¸Š¸¸½œ¸›¸ TABLE DF-6 SECURITIZATION EXPOSURE
Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ À Qualitative Disclosures:
¤¸ÿˆÅ ›¸½ ¨¸«¸Ä 31 Ÿ¸¸\¸Ä 2021 ˆ½Å ™¸¾£¸›¸ ¢ˆÅ¬¸ú ž¸ú ¢›¸¨¸½©¸ ˆÅ¸ œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ›¸íú¿ The Bank does not have any case of securitization of its assets as on
¢ˆÅ¡¸¸ í¾— 31st March 2021

Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ À Quantitative Disclosures:

œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¢¥¸‡ Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ ¥¸¸Š¸» ›¸íú¿ í¾— Quantitative Disclosure for Securitization Assets is Not Applicable.

¬¸¸£µ¸ú ”ú‡ûÅ-7- ¨¡¸¸œ¸¸£ ˆÅú ¤¸¢í¡¸¸Ê Ÿ¸Ê ¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸

TABLE DF-7 MARKET RISK IN TRADING BOOK
Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ À
Qualitative Disclosures:
¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸ À
Market Risk:
¤¸ÿˆÅ ˆÅ¸½ ¤¸¸]¸¸£ ˆ½Å ¨¡¸º÷œ¸››¸¸Ê ]¸¾¬¸½ ¤¡¸¸]¸ ™£¸Ê, ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸¢›¸Ÿ¸¡¸ ™£¸Ê, ƒ¦Æ¨¸’ú Ÿ¸»¥¡¸¸Ê
‚¸¾£ ¨¸¬÷¸º Ÿ¸»¥¡¸¸Ê Ÿ¸Ê œÏ¢÷¸ˆ»Å¥¸ ¬¸¿\¸¥¸›¸¸Ê ˆ½Å ˆÅ¸£µ¸ í¸½›¸½ ¨¸¸¥¸ú í¸¢›¸ ˆÅú ¬¸¿ž¸¸¨¸›¸¸ ˆ½Å ²Åœ¸ Ÿ¸Ê Market Risk is defined as the possibility of loss to a bank caused by
¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸ ˆÅ¸½ œ¸¢£ž¸¸¢«¸÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸ Ÿ¸Ê ¤¸ÿˆÅ ˆÅ¸ †µ¸ ]¸¸½¢‰¸Ÿ¸ adverse movements in market variables such as interest rates, foreign
¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸¢›¸Ÿ¸¡¸ ¦¬˜¸¢÷¸¡¸¸Ê, ¨¡¸¸œ¸¸£ ¤¸¢í¡¸¸Ê (‡‡ûҬ¸ ‚¸¾£ ‡\¸‡ûÅ’ú ™¸½›¸¸½ ª½¢µ¸¡¸¸¿) currency exchange rates, equity prices and commodity prices. Bank’s

149

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„÷œ¸››¸ í¸½ £í½ ¤¸¸{¸¸£ ]¸¸½¢‰¸Ÿ¸ ˆÅ¸½ ˆÅ¨¸£ ˆÅ£÷¸ú í¾—
Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸À
¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸ ˆ½Å ¢¥¸‡ œ¸»¿]¸ú ‚¸¨¸©¡¸ˆÅ÷¸¸‡¿ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ-
(£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê)
31.03.2021
]¸¸½¢‰¸Ÿ¸ ª½µ¸ú
]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸
œ¸»¿]¸ú œÏž¸¸£
‚¸¦¬÷¸¡¸¸¿
i. ¤¡¸¸]¸ ™£ ]¸¸½¢‰¸Ÿ¸ 52633.00 4210.64
ii. ƒ¦Æ¨¸’ú ¦¬˜¸¢÷¸ ]¸¸½¢‰¸Ÿ¸ 11933.31 954.67
iii. ¬¨¸µ¸Ä ‚¸¾£ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸¢›¸Ÿ¸¡¸ 500.00 45.00
Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ‚¨¸¢š¸ ´¦«’ˆÅ¸½µ¸
ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸¸Ê
í½÷¸º ˆºÅ¥¸ œ¸»¿]¸ú œÏž¸¸£ (i+ii) 65066.31 5210.31
150
Annual Report 2020-21
exposure to market risk arises from domestic investments (interest related
instruments and equities) in trading book (both AFS and HFT categories),
Foreign exchange positions. Bank is not trading in commodities. The
objective of the market risk management is to minimize impact of losses
on earnings and equity arising from market risk.
Policies, strategies and processes for management of Market Risk
Bank has put in place Board approved Investment Management Policy
and Investment Risk Management Policy, Market Risk Management Policy
and Asset Liability Management (ALM) Policy for effective management
of market risk. The above policies lay down well-defined organization
structure for market risk management functions and processes whereby
market risks carried by Bank are identified, measured, monitored and
controlled within policy framework consistent with Bank’s risk tolerance.
Policies deal with reporting framework for effective monitoring of market
risk and also set various risk limits such as Overnight Limit, Intra-day limit,
Aggregate Gap limit, Stop Loss limit, VaR limit etc. Exposure limits are set
for counterparty banks and exposures are monitored on daily basis.
ALM Policy deals with liquidity risk and interest rate risk management
framework. Bank has put in place mechanism of short term dynamic
liquidity management and contingency plan for liquidity management.
Prudential (Tolerance) limits are set for different residual maturity time
buckets for efficient asset liability management. Bank’s contingency
plan for liquidity management comprises various contingent measures
to deal with any kind of stress on liquidity position. Bank has put in
place Board approved Stress Testing Policy and conducts periodic
stress tests on liquidity risk, interest rate risk and foreign exchange risk.
Asset Liability Management Committee (ALCO) / Board monitors
adherence of prudential limits fixed by Bank and determines strategy
in light of market conditions. Dealing room activities are centralized
and system is in place to monitor dealing room activities. Mid-Office
at Treasury & International Banking Department (TIBD) also monitors
adherence of prudential limits on a continuous basis.
Interest rate risk is monitored through use of Gap Analysis of rate
sensitive assets and liabilities. Bank has also put in place Duration Gap
Analysis framework for management of interest rate risk. Bank estimates
Earnings at Risk (EaR) and Modified Duration Gap (DGAP) periodically
against adverse movement in interest rate for assessing impact on Net
Interest Income (NII) and Economic Value of Equity (EVE).
Market Risk Management Policy - To ensure that Bank’s operations
are in line with Management expectations of return vis-à-vis market
risk, it is crucial that Bank has a defined set of principles and processes
in place for articulating how it plans to manage market risks it faces, in
Trading or Banking Book.
Bank’s Market Risk Management Policy aims to set out broad outlines
of processes by which market risks carried by Bank shall be managed
i.e. identified, measured, controlled and monitored in such a way that
risk taken is within the approved risk tolerance limits. The scope of
this policy covers market risks arising from Bank’s “Trading book” and
investment portion of “Banking book”.
Quantitative Disclosure:
Capital requirement for Market Risk is as under:
(Amount in ` million)
31.03.2021
Risk Category Capital
Risk Weighted
Assets
Charge
i Interest Rate Risk 52633.00 4210.64
ii Equity Position Risk 11933.31 954.67
Iii Gold and Forex 500.00 45.00
Total capital charge
for market risks under
standardized duration
approach (i+ii+iii) 65066.31 5210.31
Jeeef<e&keÀ efjHeesì& 2020-21
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`  8078.70 ¢Ÿ¸¢¥¸¡¸›¸ í¾ —
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Ÿ¸Ê) ”¡¸»£½©¸›¸ Š¸¾œ¸ ‡›¸¸¢¥¸¢¬¸¬¸ ˆÅ¸½ ‚œ¸›¸¸¡¸¸ í¾—
151
TABLE DF-8 OPERATIONAL RISK
Qualitative disclosures:
Operational risk:
Operational Risk is risk of loss resulting out of inadequate or failed
internal processes, people and systems or from external events.
Operational risk includes Legal risk but excludes Strategic and
Reputation Risk.
Policies on management of Operational Risk:
Bank has framed Operational Risk Management Policy in line with RBI
Guidelines. Other policies which deal with management of operational
risk are (a) Information System Security Policy, (b) Business Continuity
Planning Policy, (c) Compliance Policy, (d) Outsourcing Policy and (e)
Fraud Risk Management Policy.
Strategies and processes: Operational Risk Management process of
Bank is driven by a strong organizational culture and sound operating
procedures, involving corporate values, internal control culture,
effective internal reporting. Policies are put in place for effective
management of Operational Risk in Bank.
Bank has been constantly reviewing legal documents to ensure that
legal documents are comprehensive and enforceable. As a measure
of risk mitigation, Bank has obtained insurance cover for all assets
owned by Bank. It is also ensured that assets financed by Bank are
also adequately insured, as a risk mitigation measure. The operational
risk management policy outlines organization structure and detail
processes for management of operational risk. Basic objective of
policy is to closely integrate operational risk management system into
day-to-day risk management processes of Bank by clearly assigning
roles for effectively identifying, assessing, monitoring and controlling /
mitigating operational risks and by timely reporting of operational risk
exposures including material operational losses.
There has been an increasing threat perception from Information
Technology related risks and risks from external events and hence
Bank has put in place ‘Information System Security Policy’. Business
Continuity Plan duly approved by the Board is also put in place. Training
on Key Risk Indicators (KRI) & Risk Control & Self Assessment (RCSA)
is given to the officers of the concerned functional departments on an
ongoing basis.
Operational risks in Bank are managed through comprehensive and
well-articulated internal control framework.
Approach adopted for capital charge computation for operational
risk:
Bank is following Basic Indicator Approach (BIA) for calculating capital
charge for Operational Risk.
Quantitative Disclosure:
Capital charge for Operational Risk under Basic Indicator approach is
` 8078.70 Million.
TABLE DF-9 INTEREST RATE RISK IN THE BANKING BOOK (IRRBB)
Qualitative Disclosures:
Interest Rate Risk in the Banking Book:
Interest Rate Risk in Banking Book (IRRBB) refers to potential adverse
financial impact on Bank’s Banking Book from changes in interest
rates. The assumptions regarding loan prepayments and behaviour
of non-maturity deposits are also taken care of. Interest rate risk is
measured and monitored through two approaches.
(i) Earnings at Risk: Impact on income (Earning Perspective) is
measured through use of Traditional Gap Analysis by applying
notional rate shock (parallel shift in interest rates across assets
and liabilities) upto 100 basis point (bps) for a period of one year.
(ii) Economic Value of Equity (Duration Gap Analysis): Bank
has adopted Duration Gap Analysis for assessing impact (as
a percentage) on economic value of equity (Economic Value
Perspective) in line with the method suggested by RBI.
 Annual Report 2020-21

ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ƒ¿¢Š¸÷¸ 200 ¤¸úœ¸ú‡¬¸ £½’ ©¸¸ÁˆÅ í½÷¸º ƒ¦Æ¨¸’ú ˆ½Å ‚¸¢˜¸ÄˆÅ Impact on Economic Value of Equity is analysed for a 200 bps rate
Ÿ¸»¥¡¸ ˆ½Å œÏž¸¸¨¸ ˆÅ¸ ¢¨¸©¥¸½«¸µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ƒ¦Æ¨¸’ú ˆÅ¸ ‚¸¢˜¸ÄˆÅ Ÿ¸»¥¡¸ ˆÅ¸ Ÿ¸¸œ¸›¸ shock as indicated by RBI. The Economic Value of Equity is measured
and monitored on a monthly basis.
‚¸¾£ ¢›¸Š¸£¸›¸ú Ÿ¸¸¢¬¸ˆÅ ‚¸š¸¸£ œ¸£ ˆÅú ]¸¸÷¸ú í¾—
Quantitative Disclosure Earning at Risk (As per Traditional Gap):
Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸À ]¸¸½¢‰¸Ÿ¸ œ¸£ ‚]¸Ä›¸ (œ¸¸£¿œ¸¢£ˆÅ Š¸¾œ¸ ˆ½Å ‚›¸º¬¸¸£) À
(Amount in ` Million)
(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê)
Parallel shift of 100 bps for 1
1 ¨¸«¸Ä ˆ½Å ¢¥¸‡ 100 ¤¸úœ¸ú‡¬¸ ˆÅ¸ Year period
¬¸Ÿ¸¸¿÷¸£ ‚¿÷¸£µ¸
Change in Interest rate 31.03.2021
¤¡¸¸]¸ ™£ Ÿ¸Ê œ¸¢£¨¸÷¸Ä›¸ 31.03.2021
(+)100 ‚¸š¸¸£ (-)100 ‚¸š¸¸£ (+) 100 basis (-) 100 basis
point point
œ¨¸¸ƒ¿’ œ¨¸¸ƒ¿’
¢›¸¨¸¥¸ ¤¡¸¸]¸ ‚¸¡¸ œ¸£ œÏž¸¸¨¸ 2308.50 -2308.50 Impact on Net Interest Income 2308.50 -2308.50

ƒ¦Æ¨¸’ú ˆÅ¸ ‚¸¢˜¸ÄˆÅ Ÿ¸»¥¡¸ (”ḻ£½©¸›¸ Š¸¾œ¸ ˆ½Å ‚›¸º¬¸¸£)À Economic Value of Equity (As per Duration Gap):

ƒ¦Æ¨¸’ú ˆ½Å ‚¸¢˜¸ÄˆÅ Ÿ¸»¥¡¸ œ¸£ 31.03.2021 31.03.2021

œÏž¸¸¨¸ Impact on economic value of (+) 200 basis (-) 200 basis
(+)200 (-)200
equity point point
‚¸š¸¸£ œ¨¸¸ƒ¿’ ‚¸š¸¸£ œ¨¸¸ƒ¿’
-5648.31 5648.31 -5648.31 5648.31

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]¸Ÿ¸¸£¸¢©¸¡¸¸Ê/ ¤¸ÿˆÅ Š¸¸£¿¢’¡¸¸Ê/ ¬¸£ˆÅ¸£ú œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê (]¸ú-¬¸½ˆÅ) ‚˜¸¨¸¸ ¢ˆÅ¬¸ú ‚›¡¸
‚›¸ºŸ¸¸½¢™÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê Ÿ¸¸¢]¸Ä›¸ ž¸ú £‰¸÷¸¸ í¾—
¨¸¸¡¸™¸ ¬¸¿¢¨¸™¸‚¸Ê ˆÅú ¤¸º¢ˆ¿ÅŠ¸ ˆÅ¸ „Ó½©¡¸ ¢¨¸¢›¸Ÿ¸¡¸ ]¸¸½¢‰¸Ÿ¸ ¬¸¿¤¸¿š¸ú ¥¸½›¸-™½›¸ ˆ½Å ¢¨¸Š¸¸½œ¸›¸
¬¸½ ¤¸\¸¸¨¸ í¾, ¢]¸¬¸ˆ½Å ¢¥¸‡ û½ÅŸ¸¸ 1999 ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ‰¸£ú™›¸½ ‚¸¾£/‚˜¸¨¸¸
¢¤¸ÇÅú ˆÅú ‚›¸ºŸ¸¢÷¸ í¾— ‚œ¸›¸½ ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¢¨¸¢›¸Ÿ¸¡¸ ]¸¸½¢‰¸Ÿ¸ ¬¸½ ¤¸\¸¸¨¸ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ
‚œ¸›¸½ ŠÏ¸íˆÅ¸Ê ˆÅ¸½ ¨¸¸¡¸™¸ ¬¸¿¢¨¸™¸ ‡ˆÅ „÷œ¸¸™ ˆ½Å ³Åœ¸ Ÿ¸Ê œÏ¬÷¸º÷¸ ˆÅ£÷¸¸ í¾—
TABLE DF-10: GENERAL DISCLOSURE FOR EXPOSURES
RELATED TO COUNTERPARTY CREDIT RISK
Qualitative Disclosures:
Bank is participating in derivative market as a user to hedge risk of
underlying exposure of its own and that of its customers. Keeping
in view business composition of Bank, nature and mix of clients,
capital requirement as also risk appetite, Bank is dealing in following
derivative products
· Currency futures
· Foreign Exchange Forward contracts and currency swaps.
· Interest Rate Swaps – OIS & IRS.
Bank at present is not undertaking transactions under Credit Default
Swaps and Currency options.
Measurement and management of various risks is ensured by setting up
various limits such as counter party limits, stop loss limits, Day light Limits,
Overnight limit, Stop Loss Limits and exposure limits etc. at various levels.
Utilization of such limits would be subject to guidelines of Investment
Management Policy and RBI/SEBI/Exchanges.
From exchange side, limits stipulated are (1) initial margin (2) mark to
market margins (3) open interest. Bank is complying with these limits.
In respect of currency futures transactions, Bank is maintaining account
with exchange approved Bank for purpose of clearing and settlement of
transactions and also maintains margin in the form of cash/bank deposits/
bank guarantees/ G-Sec or any other approved securities.
Purpose of booking forward contracts is to hedge an exposure to exchange
risk in respect of transaction for which sale and/or purchase of foreign
exchange is permitted under FEMA 1999. Bank offers to its customers,
forward contract as a product for hedging their foreign currency exchange
risk.

¤¸ÿˆÅ ˆ½Å¨¸¥¸ „›¸ ˆÅ¸„¿’£ œ¸®¸ ¤¸ÿˆÅ¸Ê ˆ½Å ¬¸¸˜¸ ‚¸ƒÄ‚¸£‡¬¸/ ‡ûÅ‚¸£‡ ¬¸¿¨¡¸¨¸í¸£ ˆÅ£÷¸¸
í¾ ¢]¸›í¸Ê›¸½ ‚¸ƒÄ‡¬¸”ú‡ Ÿ¸¸¬’£ ¬¸Ÿ¸^¸¸¾÷¸¸/ ¬¸ú‡¬¸‡ ¢ˆÅ¡¸¸ í¾ ‚¸¾£ ¢]¸¬¸ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ
›¸½ ˆÅ¸„¿’£ œ¸®¸ ¢¨¸Š¸¸½œ¸›¸ ¬¸úŸ¸¸ ¢›¸š¸¸Ä¢£÷¸ ˆÅú í¾— ¤¸ÿˆÅ ›¸½ ¨¸÷¸ÄŸ¸¸›¸ ¢¨¸Š¸¸½œ¸›¸ œ¸Ö¢÷¸ ‚¸¾£
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ÷¸˜¸¸ ¢›¸¨¸½©¸ œÏ¤¸¿š¸›¸ ›¸ú¢÷¸ ˆ½Å ‚›¸º¬¸¸£ ‚¸ˆÅ¢¥¸÷¸
¨¡¸º÷œ¸››¸ ¬¸¿¢¨¸™¸‚¸Ê ˆ½Å †µ¸ ¢¨¸Š¸¸½œ¸›¸ ˆ½Å ¢¥¸‡ ‚œ¸½¢®¸÷¸ œÏ¸¨¸š¸¸›¸ ¢ˆÅ‡ íÿ—
· ]¸¤¸ ˆÅž¸ú ¤¸ÿˆÅ ]¸¸½¢‰¸Ÿ¸ ‚¸¾£ ÷¸÷¬¸¿¤¸¿š¸ú œ¸»¿]¸ú ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆ½Å ‚¸ˆÅ¥¸›¸ í½÷¸º
„››¸÷¸ ´¦«’ˆÅ¸½µ¸ Ÿ¸Ê ‚¿÷¸¢£÷¸ í¸½÷¸¸ í¾, ¤¸ÿˆÅ ׸£¸ œÏ¢÷¸œ¸®¸ †µ¸ ¢¨¸Š¸¸½œ¸›¸ í½÷¸º
œ¸Ö¢÷¸¡¸¸¿ ‚¸¾£ ‚¸¢˜¸ÄˆÅ œ¸»¿]¸ú ˆÅ¸ ¢›¸š¸¸Ä£µ¸ ¢ˆÅ¡¸¸ ]¸¸‡Š¸¸—
Bank is doing IRS/FRA deals only with those counterparty banks which
have executed ISDA Master agreement/CSAs and for whom Bank has
set up counterparty exposure limits. Bank has made requisite provision on
credit exposure of derivative contracts computed as per current exposure
method & as per RBI guidelines and Investment Management Policy.
· Bank will describe methodology and will assign economic capital
for counter party credit exposure, as and when Bank migrates to
Advanced Approach of measurement of Risk and related Capital
requirement.

152
Jeeef<e&keÀ efjHeesì& 2020-21
(a) Quantitative Disclosures
(ˆÅ) Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ À (Amount in ` million)
(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) Sr.
Particulars 31.03.2021
No.
‚.ÇÅ. ¢¨¸¨¸£µ¸ 31.03.2021
1 Replacement Cost 1294.79
1 œÏ¢÷¸¬˜¸¸¢œ¸÷¸ ¥¸¸Š¸÷¸ 1294.79
2 Potential Future Exposure 3989.54
2 ¬¸¿ž¸¸¢¨¸÷¸ ¨¸¸¡¸™¸ ¢¨¸Š¸¸½œ¸›¸ 3989.54
3 Gross Credit Equivalent 5284.33
3 ¬¸ˆÅ¥¸ †µ¸ ÷¸º¥¡¸ 5284.33
Comprising:
¬¸Ÿ¸¸¢¨¸«’ À 3.1 Interest Rate Contract 0.00
3.1 ¤¡¸¸]¸ ™£ ¬¸¿¢¨¸™¸ 0.00 3.2 Credit Derivatives Contract 0.00
3.2 †µ¸ ¨¡¸º÷œ¸››¸ ¬¸¿¢¨¸™¸ 0.00 3.3 Equity Contracts 0.00
3.3 ƒÄ¦Æ¨¸’ú ¬¸¿¢¨¸™¸‡¿ 0.00 3.4 Foreign Exchange Contracts and Gold 5284.33
3.4 ¢¨¸™½©¸ú Ÿ¸ºÍ¸ ¬¸¿¢¨¸™¸‡¿ ‚¸¾£ ¬¨¸µ¸Ä 5284.33 3.5 Commodities Contracts 0.00
3.5 ¨¸¬÷¸º ¬¸¿¢¨¸™¸‡¿ 0.00 4 Gross Credit Equivalent Amount 5284.33
4 ¬¸ˆÅ¥¸ †µ¸ ÷¸º¥¡¸ £¸¢©¸ 5284.33 5 Less: Effect of Netting Arrangements 0.00
5 ‹¸’¸‡¿ À ¢›¸¨¸¥¸ ¨¡¸¨¸¬˜¸¸ ˆÅ¸ œÏž¸¸¨¸ 0.00 6 Credit Equivalent Amount after 5284.33
6 ¢›¸¨¸¥¸ „œ¸£¸¿÷¸ †µ¸ ÷¸º¥¡¸ £¸¢©¸ (4-5) 5284.33 netting (4-5)

7 ‹¸’¸‡¿ À ¬¸¿œ¸¸¢æ¸ÄˆÅ £¸¢©¸ 7 Less: Collateral Amount

7.1 œ¸¸°¸ ¢¨¸î¸ú¡¸ ¬¸¿œ¸¸¢æ¸ÄˆÅ 0.00 7.1 Eligible Financial Collateral 0.00

7.2 ‚›¡¸ œ¸¸°¸ ¬¸¿œ¸¸¢æ¸ÄˆÅ 0.00 7.2 Other Eligible Collateral 0.00

8 ¢›¸¨¸¥¸ †µ¸ ÷¸º¥¡¸ £¸¢©¸ 5284.33 8 Net Credit Equivalent Amount 5284.33

Counterparty credit exposure is mitigated by exposure netting

‚¸ƒÄ‡¬¸”ú‡ ¬¸Ÿ¸^¸¸¾÷¸¸Ê ‚¸¾£ œ¸¸°¸ ¬¸¿œ¸¸¢æ¸ÄˆÅ ˆÅú œ¸í\¸¸›¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¢¨¸Š¸¸½œ¸›¸ ¢›¸¨¸¥¸
through ISDA agreements and recognition of eligible collateral,
׸£¸ ˆÅ¸„¿’£ œ¸®¸ †µ¸ ¢¨¸Š¸¸½œ¸›¸ ˆÅ¸ ›¡¸»›¸úˆÅ£µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸, ¢]¸¬¸ˆ½Å œÏž¸¸¨¸ ¡¸˜¸¸½¢\¸÷¸ effect of which have been included in regulatory capital
³Åœ¸ ¬¸½ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ œ¸»¿]¸ú Š¸µ¸›¸¸‚¸Ê Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ¢ˆÅ‡ Š¸‡ íÿ— calculations wherever appropriate.

(‰¸) †µ¸ ¨¡¸º÷œ¸››¸ ¬¸¿¨¡¸¨¸í¸£ - (b) Credit Derivatives Transactions-

(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (Amount in ` Million)
Credit
‰¸£ú™¸ Notional of
Derivatives
¤¸½\¸ú Š¸ƒÄ †µ¸ Particulars Protection
¢¨¸¨¸£µ¸ Š¸¡¸¸ ¬¸º£®¸¸ Protection
¨¡¸º÷œ¸››¸ ¬¸º£®¸¸ Bought
Sold
‚›¸ºŸ¸¸¢›¸÷¸ ‚¿©¸
¬¨¸¡¸¿ ˆÅ¸ †µ¸ ¬¸¿¢¨¸ž¸¸Š¸ ©¸»›¡¸ ©¸»›¡¸ Own Credit Portfolio NIL NIL
ŠÏ¸íˆÅ ˆÅú Ÿ¸š¡¸¬˜¸÷¸¸ Š¸¢÷¸¢¨¸¢š¸¡¸¸¿ ©¸»›¡¸ ©¸»›¡¸ Client Intermediation Activities NIL NIL
ˆºÅ¥¸ ©¸»›¡¸ ©¸»›¡¸ Total NIL NIL
†µ¸ \¸»ˆÅ ‚™¥¸¸-¤¸™¥¸ú ©¸»›¡¸ ©¸»›¡¸ Credit default swaps NIL NIL
ˆºÅ¥¸ ‚™¥¸¸-¤¸™¥¸ú ˆÅú ¨¸¸œ¸¬¸ú ©¸»›¡¸ ©¸»›¡¸ Total return swaps NIL NIL
ˆºÅ¥¸ ©¸»›¡¸ ©¸»›¡¸ Total NIL NIL

153
 Annual Report 2020-21

¬¸¸£µ¸ú ”ú‡ûÅ -11 À œ¸»¿]¸ú ¬¸¿¢Ÿ¸ª TABLE DF-11- COMPOSITION OF CAPITAL

(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (` in Million)

¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸¸Ê ˆ½Å ‚¿÷¸£µ¸ ¢™›¸¸¿ˆÅ Basel III common disclosure template to be used
As on
(‚˜¸¸Ä÷¸ 31 Ÿ¸¸\¸Ä, 2017) ˆ½Å ™¸¾£¸›¸ „œ¸¡¸¸½Š¸¸˜¸Ä ¤¸½¬¸¥¸ 31.03.2021 ¬¸¿™ž¸Ä ÇÅŸ¸¸¿ˆÅ during the transition of regulatory adjustments (i.e. Ref. No.
31.03.2021
from March 31, 2017)
III ¬¸¸Ÿ¸¸›¡¸ œÏˆÅ’›¸ ’½Ÿœ¥¸½’ ˆÅ¸½
Common Equity Tier 1 capital: instruments
ˆÅ¸ÁŸ¸›¸ ƒÄ¦Æ¨¸’ú ’ú¡¸£ I œ¸»¿]¸ú À ¢¥¸‰¸÷¸Ê ‚¸¾£ and reserves
 
‚¸£¢®¸¢÷¸¡¸¸¿ Directly issued qualifying common share capital 66551.09 A1+B1
1
1 ¬¸¿¬¸¸Ÿ¸¸›¡¸
¤¸¿¢š¸÷¸ ¬’¸ÁˆÅ ‚¢š¸©¸½«¸ ¬¸¢í÷¸ œÏ÷¡¸®¸ ]¸¸£ú œ¸¸°¸ 66551.09 ‡1+¤¸ú1 plus related stock surplus (share premium)
©¸½¡¸£ œ¸»¿]¸ú (©¸½¡¸£ œÏú¢Ÿ¸¡¸Ÿ¸) 2 Retained earnings 521.60 B8(a)
2 £¸½ˆÅú Š¸ƒÄ ‚¸¡¸ 521.60 ¤¸ú8(‡) Accumulated other comprehensive income (other 43759.22 B2+B3+B4+
‚›¡¸ ¬¸Ÿ¸¸¢¨¸«’ ¬¸¿\¸¡¸ú ‚¸¡¸ (‚›¡¸ ‚¸£¢®¸¢÷¸¡¸¸¿, 43759.22 ¤¸ú2+¤¸ú3+¤¸ú4+ 3 reserves, revaluation reserves) B5
3 Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‚¸£¢®¸¢÷¸¡¸¸¿) ¤¸ú5+¤¸ú6(‡)+ +B6(a)+B10
¤¸ú10 Directly issued capital subject to phase out 0.00
4 from CET1 (only applicable to non-joint stock
4 ¬¸úƒÄ ’ú 1 ¬¸½ û½Å]¸ ‚¸„’ í¸½›¸½ ˆ½Å ‚š¸ú›¸ œÏ÷¡¸®¸ ]¸¸£ú 0.00 companies)
œ¸»¿]¸ú (ˆ½Å¨¸¥¸ Š¸¾£-¬¸¿¡¸ºÆ÷¸ ¬’¸ÁˆÅ ˆ¿Åœ¸¢›¸¡¸¸Ê í½÷¸º ¥¸¸Š¸»)
Public sector capital injections grandfathered 0.00
¢™›¸¸¿ˆÅ 1 ]¸›¸¨¸£ú, 2018 ÷¸ˆÅ ¬¸¿£¢®¸÷¸ 0.00 until 1 January 2018
¬¸¸¨¸Ä]¸¢›¸ˆÅ ®¸½°¸ œ¸»¿]¸ú œÏ÷¡¸¸£¸½œ¸µ¸ Common share capital issued by subsidiaries and 0.00
5 ‚›¸º «¸¿¢Š¸¡¸¸Ê ׸£¸ ]¸¸£ú ‚¸¾£ ÷¸¼÷¸ú¡¸ œ¸®¸¸Ê ׸£¸ š¸¸¢£÷¸ 0.00 5 held by third parties (amount allowed in group
¬¸¸Ÿ¸¸›¡¸ ©¸½¡¸£ œ¸»]¿ ¸ú (¬¸úƒÄ’ú 1 ¬¸Ÿ¸»í Ÿ¸Ê ‚›¸ºŸ¸÷¡¸ £¸¢©¸) CET1)
Common Equity Tier 1 capital before regulatory 110831.91
6 ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸¸Ê ¬¸½ œ¸»¨¸Ä ¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú 110831.91 6
adjustments
’ú¡¸£ 1 œ¸»¿]¸ú
Common Equity Tier 1 capital: regulatory
¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú ’ú¡¸£ I œ¸»¿]¸ú À ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ adjustments
¬¸Ÿ¸¸¡¸¸½]¸›¸ 7 Prudential valuation adjustments 0.00
7 ¢¨¸¨¸½ˆÅœ¸»µ¸Ä Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¬¸Ÿ¸¸¡¸¸½]¸›¸ 0.00 8 Goodwill (net of related tax liability) 0.00
8 ¬¸¸‰¸ (¬¸¿¤¸¿¢š¸÷¸ ˆÅ£ ™½¡¸÷¸¸ ˆÅ¸ ¢›¸¨¸¥¸) 0.00
Intangibles other than mortgage-servicing rights 332.40 K1(b)
¤¸¿ š ¸ˆÅ ¬¸½ ¨ ¸ú ‚¢š¸ˆÅ¸£¸Ê ˆ½ Å ‚¢÷¸¢£Æ÷¸ ‚Ÿ¸» ÷ ¸Ä ÷ ¸¸‡¿ 332.40 ˆ½Å1(¤¸ú) 9
9 (¬¸¿¤¸¿¢š¸÷¸ ˆÅ£ ™½¡¸÷¸¸ ˆÅ¸ ¢›¸¨¸¥¸) (net of related tax liability)
Deferred tax assets associated with accumulated 8599.07
10
10 ¬¸¿(œ¸¸°¸
¢\¸÷¸ í¸¢›¸ ˆ½Å ¬¸¸˜¸ ¬¸¿¤¸Ö ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸¿ 8599.07 losses (net of eligible DTL)
”ú’ú‡¥¸ ˆÅ¸ ¢›¸¨¸¥¸) 11 Cash-flow hedge reserve 0.00
11 ›¸ˆÅ™ú-œÏ¨¸¸í ¤¸\¸¸¨¸ ‚¸£¢®¸¢÷¸ 0.00 12 Shortfall of provisions to expected losses 0.00
12 ¬¸¿ž¸¸¢¨¸÷¸ í¸¢›¸¡¸¸Ê ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê Ÿ¸Ê ˆÅŸ¸ú 0.00 13 Securitisation gain on sale 0.00
13 ¢¤¸ÇÅú œ¸£ œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ¥¸¸ž¸ 0.00 Gains and losses due to changes in own credit risk 0.00
14
„¢\¸÷¸ Ÿ¸» ¥ ¡¸ ™½ ¡ ¸÷¸¸‚¸Ê œ¸£ ¬¨¸¡¸¿ ˆ½ Å †µ¸ ]¸¸½ ¢ ‰¸Ÿ¸ Ÿ¸Ê 0.00 on fair valued liabilities
14 œ¸¢£¨¸÷¸Ä›¸¸Ê ˆ½Å ˆÅ¸£µ¸ ¥¸¸ž¸ ‚¸¾£ í¸¢›¸
15 Defined-benefit pension fund net assets 0.00
15 œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸ œ¸Ê©¸›¸ ¢›¸¢š¸ ¢›¸¨¸¥¸ ‚¸¦¬÷¸¡¸¸¿ 0.00 Investments in own shares (if not already netted off 0.00
16
paid-up capital in reported balance sheet)
16 ¬¨¸¡¸¿ ˆ½Å ©¸½¡¸£¸Ê Ÿ¸Ê ¢›¸¨¸½©¸ (¡¸¢™ ¬¸»¢\¸÷¸ ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê 0.00
‚™¸ œ¸»¿]¸ú œ¸í¥¸½ ¬¸½ ˆÅŸ¸ ›¸ ˆÅú Š¸ƒÄ í¸½) 17 Reciprocal cross-holdings in common equity 1.50
17 ¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú Ÿ¸Ê œ¸¸£¬œ¸¢£ˆÅ œÏ¢÷¸š¸¸¢£÷¸¸‡¿ 1.50 Investments in the capital of banking, financial 0.00
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ™¸¡¸£½ ¬¸½ ¤¸¸í£ ¤¸ÿ¢ˆ¿ÅŠ¸, ¢¨¸î¸ú¡¸ ‚¸¾£ 0.00 and insurance entities that are outside the scope
of regulatory consolidation, net of eligible short
¤¸úŸ¸¸ ƒˆÅ¸ƒÄ ¡ ¸¸Ê ˆÅú œ¸»
]
¿ ¸ú Ÿ¸Ê ¢›¸¨¸½© ¸ ]¸í¸¿ œ¸¸°¸ ‚¥œ¸ˆÅ¸¥¸ú›¸ 18
positions, where the bank does not own more than
18 ¦¬˜¸¢÷¸¡¸¸Ê ˆÅ¸½ ‹¸’¸ˆÅ£ ¤¸ÿˆÅ ˆÅ¸ ¬¨¸¸¢Ÿ¸÷¨¸ ]¸¸£ú ©¸½¡¸£ œ¸»]¿ ¸ú ˆÅ¸
10% of the issued share capital (amount above
10% ¬¸½ ‚¢š¸ˆÅ ›¸ í¸½ (œÏ¸£¿¢ž¸ˆÅ 10% ¬¸½ ‚¢š¸ˆÅ £¸¢©¸) 10% threshold)
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ™¸¡¸£½ ¬¸½ ¤¸¸í£ ¬¸¸Ÿ¸¸›¡¸ 0.00 Significant investments in the common stock of 0.00
¤¸ÿ ¢ ˆ¿ Å Š¸ ¬’¸Á ˆ Å, ¢¨¸î¸ú¡¸ ‚¸¾ £ ¤¸úŸ¸¸ ƒˆÅ¸ƒÄ ¡ ¸¸Ê Ÿ¸Ê (œ¸¸°¸ banking, financial and insurance entities that are
19 ‚¥œ¸ˆÅ¸¥¸ú›¸ ¦¬˜¸¢÷¸¡¸¸Ê ˆ½Å ¤¸¸™) „¥¥¸½‰¸›¸ú¡¸ ¢›¸¨¸½©¸ 19
outside the scope of regulatory consolidation, net of
eligible short positions (amount above 10% threshold)
(œÏ¸£¿¢ž¸ˆÅ 10% ¬¸½ ‚¢š¸ˆÅ £¸¢©¸)
Mortgage servicing rights (amount above 10% 0.00
20 ¤¸¿š¸ˆÅ ¬¸½¨¸ú ‚¢š¸ˆÅ¸£ (œÏ¸£¿¢ž¸ˆÅ 10% ¬¸½ ‚¢š¸ˆÅ £¸¢©¸) 0.00 20
threshold)
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ ˆÅ¸ ¢›¸¨¸¥¸ ¬¸úƒÄ’ú1 101898.94 CET 1 net of regulatory adjustments 101898.94

21 ‚¬˜¸¸¡¸ú ‚¿÷¸£¸Ê ˆ½Å ¬¸¸˜¸ ¬¸¿¤¸Ö ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ 20654.45 Deferred tax assets associated with timing 20654.45
‚¸¦¬÷¸¡¸¸¿ (]¸¸½ ¬¸¿¢\¸÷¸ í¸¢›¸ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ›¸ í¸Ê) 21 differences (other than those related to
81244.49 accumulated losses)
„œ¸¡¸ºÄÆ÷¸ ™¸½ ¬¸Ÿ¸¸¡¸¸½]¸›¸¸Ê ˆ½Å œ¸ä¸¸÷¸ ¬¸úƒÄ’ú 1
CET 1 after above two Adjustment 81244.49
21 ‚¬˜¸¸¡¸ú ‚¿÷¸£¸Ê ˆ½Å ¬¸¸˜¸ ¬¸¿¤¸Ö ”ú’ú‡ ¬¸½ ¢›¸¨¸¥¸ í½÷¸º 172.42
(ˆÅ) œ¸¸°¸ ”ú’ú‡¥¸ DTL eligible for netting from DTA associated with 172.42
21(a)
timing differences
21 ¬¸úƒÄ’ú1 Ÿ¸Ê ‚¬˜¸¸¡¸ú ‚¿÷¸£¸Ê ˆ½Å ¬¸¸˜¸ ¬¸¿¤¸Ö ”ú’ú‡ ˆÅú 10189.89 Recognition of DTA associated with timing 10189.89
(‰¸) œ¸í\¸¸›¸ 21(b)
differences in CET 1

154
Jeeef<e&keÀ efjHeesì& 2020-21

(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (` in Million)

¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸¸Ê ˆ½Å ‚¿÷¸£µ¸ ¢™›¸¸¿ˆÅ Basel III common disclosure template to be used
As on
(‚˜¸¸Ä÷¸ 31 Ÿ¸¸\¸Ä, 2017) ˆ½Å ™¸¾£¸›¸ „œ¸¡¸¸½Š¸¸˜¸Ä ¤¸½¬¸¥¸ 31.03.2021 ¬¸¿™ž¸Ä ÇÅŸ¸¸¿ˆÅ during the transition of regulatory adjustments (i.e. Ref. No.
31.03.2021
from March 31, 2017)
III ¬¸¸Ÿ¸¸›¡¸ œÏˆÅ’›¸ ’½Ÿœ¥¸½’ ˆÅ¸½
22 œÏ¸£¿¢ž¸ˆÅ 15% ¬¸½ ‚¢š¸ˆÅ £¸¢©¸ 0.00 22 Amount exceeding the 15% threshold 0.00

¢]¸¬¸Ÿ¸Ê ¬¸½ À ¢¨¸î¸ú¡¸ ƒˆÅ¸ƒÄ ¡ ¸¸Ê ˆ½ Å ¬¸¸Ÿ¸¸›¡¸ ¬’¸Á ˆ Å Ÿ¸Ê 0.00 of which: significant investments in the common 0.00
23
23 „¥¥¸½‰¸›¸ú¡¸ ¢›¸¨¸½©¸ stock of financials entities
24 of which: mortgage servicing rights 0.00
24 ¢]¸¬¸Ÿ¸Ê ¬¸½ À ¤¸¿š¸ˆÅ ¬¸½¨¸ú ‚¢š¸ˆÅ¸£ 0.00
of which: deferred tax assets arising from 0.00
¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚¬˜¸¸¡¸ú ‚¿ ÷ ¸£¸Ê ˆ½ Å ˆÅ¸£µ¸ „÷œ¸››¸ 0.00 25
25 ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸¿ temporary differences
National specific regulatory adjustments 0.00
26
26 £¸«’ï ú¡¸ ¢¨¸¢©¸«’ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ (26ˆÅ + 0.00 (26a+26b+26c+26d)
26‰¸ + 26Š¸ + 26‹¸) Of which: Investments in the equity capital of 0.00
26a
26ˆÅ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚¬¸Ÿ¸½¢ˆÅ÷¸ ¤¸úŸ¸¸ ‚›¸º«¸¿¢Š¸¡¸¸Ê ˆÅú ƒÄ¦Æ¨¸’ú 0.00 unconsolidated insurance subsidiaries
œ¸»¿]¸ú Ÿ¸Ê ¢›¸¨¸½©¸ Of which: Investments in the equity capital of 0.00
26b
26‰¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚¬¸Ÿ¸½¢ˆÅ÷¸ Š¸¾£-¢¨¸î¸ú¡¸ ‚›¸º«¸¿¢Š¸¡¸¸Ê ˆÅú 0.00 unconsolidated non-financial subsidiaries
ƒÄ¦Æ¨¸’ú œ¸»¿]¸ú Ÿ¸Ê ¢›¸¨¸½©¸ Of which: Shortfall in the equity capital of majority 0.00
26c owned financial entities which have not been
26Š¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À œÏŸ¸º‰¸ ¬¨¸¸¢Ÿ¸÷¨¸ ¢¨¸î¸ú¡¸ ƒˆÅ¸ƒÄ¡¸¸Ê ˆÅú ƒÄ¦Æ¨¸’ú 0.00
consolidated with the bank
œ¸»]¿ ¸ú Ÿ¸Ê ˆÅŸ¸ú, ¢]¸¬¸ˆÅ¸ ¤¸ÿˆÅ ˆ½Å ¬¸¸˜¸ ¬¸Ÿ¸½ˆÅ›¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¸½
26‹¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚œ¸¢£©¸¸½¢š¸÷¸ œ¸Ê©¸›¸ ¢›¸¢š¸ ¨¡¸¡¸ 0.00 26d Of which: Unamortised pension funds expenditures 0.00

ˆÅ’¸¾¢÷¸¡¸¸Ê ˆÅ¸½ ˆÅ¨¸£ ˆÅ£›¸½ í½÷¸º ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 ‚¸¾£ 0.00 Regulatory adjustments applied to Common Equity 0.00
27 Tier 1 due to insufficient Additional Tier 1 and Tier 2
27 ’ú¡¸£ 2 ˆÅú ‚œ¸¡¸¸Äœ÷¸÷¸¸ ˆ½Å ˆÅ¸£µ¸ ¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú to cover deductions
’ú¡¸£ 1 œ¸£ ¥¸¸Š¸» ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸
Total regulatory adjustments to Common 19225.09
28 ¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú ’ú¡¸£ 1 Ÿ¸Ê ˆºÅ¥¸ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ 19225.09 28
Equity Tier1
29 ¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú ’ú¡¸£ 1 œ¸»¿]¸ú (¬¸úƒÄ’ú1) 91606.81 29 Common Equity Tier 1 capital (CET1) 91606.81
‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 œ¸»¿]¸ú À ¢¥¸‰¸÷¸Ê 0.00 Additional Tier 1 capital: instruments 0.00
œÏ÷¡¸®¸ ]¸¸£ú ¬¸¿ ¤ ¸¿ ¢ š¸÷¸ ¬’¸Á ˆ Å ‚¢š¸©¸½ « ¸ ¬¸¢í÷¸ œ¸¸°¸ 0.00 Directly issued qualifying Additional Tier 1 0.00
30 ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ I ¢¥¸‰¸÷¸Ê (31+32) 30
instruments plus related stock surplus (31+32)
of which: classified as equity under applicable 0.00
31 ¢]¸¬¸Ÿ¸Ê ¬¸½ À ¥¸¸Š¸» ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ƒÄ¦Æ¨¸’ú ˆ½Å 0.00
³Åœ¸ Ÿ¸Ê ¨¸Š¸úĈż ÷¸ (¢›¸£¿÷¸£ Š¸¾£-¬¸¿\¸¡¸ú ‚¢š¸Ÿ¸¸›¸ú ©¸½¡¸£) 31 accounting standards (Perpetual Non-Cumulative
Preference Shares)
32 ¢]¸¬¸Ÿ¸Ê ¬¸½ À ¥¸¸Š¸» ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ™½¡¸÷¸¸‚¸Ê 0.00 of which: classified as liabilities under applicable 0.00
ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ (¢›¸£¿÷¸£ †µ¸ ¢¥¸‰¸÷¸Ê) 32
accounting standards (Perpetual debt Instruments)
33 ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 ¬¸½ û½Å]¸ ‚¸„’ ˆ½Å ‚š¸ú›¸ œÏ÷¡¸®¸ 0.00 Directly issued capital instruments subject to phase 0.00
]¸¸£ú œ¸»¿]¸ú ¢¥¸‰¸÷¸Ê 33
out from Additional Tier 1
‚›¸º«¸¿¢Š¸¡¸¸Ê ׸£¸ ]¸¸£ú ‚¸¾£ ÷¸¼÷¸ú¡¸ œ¸®¸¸Ê ׸£¸ š¸¸¢£÷¸ 0.00 Additional Tier 1 instruments (and CET1 0.00
(‡’ú1 ¬¸Ÿ¸» í Ÿ¸Ê ‚›¸º Ÿ ¸÷¡¸ £¸¢©¸) ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 instruments not included in row 5) issued by
34 ¢¥¸‰¸÷¸Ê (‚¸¾£ œ¸¿¢Æ÷¸ 5 Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸ ˆÅú Š¸ƒÄ ¬¸úƒÄ’ú 34
subsidiaries and held by third parties (amount
1 ¢¥¸‰¸÷¸Ê) allowed in group AT1)
of which: instruments issued by subsidiaries 0.00
35 ¢]¸¬¸Ÿ¸Ê ¬¸½ À û½Å]¸ ‚¸„’ ˆ½Å ‚š¸ú›¸ ‚›¸º«¸¿¢Š¸¡¸¸Ê ׸£¸ 0.00 35
subject to phase out
]¸¸£ú ¢¥¸‰¸÷¸Ê
Additional Tier 1 capital before regulatory 0.00
0.00 36
36 ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸¸Ê ¬¸½ œ¸»¨¸Ä ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ adjustments
1 œ¸»¿]¸ú Additional Tier 1 capital: regulatory 0.00
‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 œ¸»¿]¸ú À ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ 0.00 adjustments
37 ¬¨¸¡¸¿ ˆ½Å ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 ¢¥¸‰¸÷¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸ 0.00 37 Investments in own Additional Tier 1 instruments 0.00

38 ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 ¢¥¸‰¸÷¸¸Ê Ÿ¸Ê œ¸¸£¬œ¸¢£ˆÅ œÏ¢÷¸š¸¸¢£÷¸¸ 0.00 Reciprocal cross-holdings in Additional Tier 1 0.00
38
instruments
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ™¸¡¸£½ ¬¸½ ¤¸¸í£ ¤¸ÿ¢ˆ¿ÅŠ¸, ¢¨¸î¸ú¡¸ 0.00 Investments in the capital of banking, financial 0.00
‚¸¾£ ¤¸úŸ¸¸ ƒˆÅ¸ƒÄ¡¸¸Ê ˆÅú œ¸»¿]¸ú Ÿ¸Ê ¢›¸¨¸½©¸, ]¸í¸¿ œ¸¸°¸ and insurance entities that are outside the scope
39 ‚¥œ¸ˆÅ¸¥¸ú›¸ ¦¬˜¸¢÷¸¡¸¸Ê ˆÅ¸½ ‹¸’¸ˆÅ£ ¤¸ÿˆÅ ˆÅ¸ ¬¨¸¸¢Ÿ¸÷¨¸ 39
of regulatory consolidation, net of eligible short
]¸¸£ú ˆÅ¸ÁŸ¸›¸ ©¸½¡¸£ œ¸»¿]¸ú ˆÅ¸ 10% ¬¸½ ‚¢š¸ˆÅ ›¸ í¸½ positions, where the bank does not own more than
10% of the issued common share capital of the
(œÏ¸£¿¢ž¸ˆÅ 10% ¬¸½ ‚¢š¸ˆÅ £¸¢©¸) entity (amount above 10% threshold)
¤¸ÿ¢ˆ¿ÅŠ¸ œ¸»¿]¸ú, ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ™¸¡¸£½ ¬¸½ ¤¸¸í£ 0.00 Significant investments in the capital of banking, 0.00
40 ¢¨¸î¸ú¡¸ ‚¸¾£ ¤¸úŸ¸¸ ƒˆÅ¸ƒÄ¡¸¸Ê Ÿ¸Ê (œ¸¸°¸ ‚¥œ¸ˆÅ¸¥¸ú›¸ financial and insurance entities that are outside the
40
¦¬˜¸¢÷¸¡¸¸Ê ˆÅ¸½ ‹¸’¸ˆÅ£) „¥¥¸½‰¸›¸ú¡¸ ¢›¸¨¸½©¸ scope of regulatory consolidation (net of eligible
short positions)
41 £¸«’ïú¡¸ ¢¨¸¢©¸«’ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ (41ˆÅ+41‰¸) 0.00
41 National specific regulatory adjustments (41a+ 41b) 0.00
41ˆÅ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚¬¸Ÿ¸½¢ˆÅ÷¸ ¤¸úŸ¸¸ ‚›¸º«¸¿¢Š¸¡¸¸Ê ˆÅú ‚¢÷¸¢£Æ÷¸ 0.00 Of which: Investments in the Additional Tier 1 0.00
’ú¡¸£1 œ¸»¿]¸ú Ÿ¸Ê ¢›¸¨¸½©¸ 41a
Capital of unconsolidated insurance subsidiaries

155
 Annual Report 2020-21

(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (` in Million)

¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸¸Ê ˆ½Å ‚¿÷¸£µ¸ ¢™›¸¸¿ˆÅ Basel III common disclosure template to be used
As on
(‚˜¸¸Ä÷¸ 31 Ÿ¸¸\¸Ä, 2017) ˆ½Å ™¸¾£¸›¸ „œ¸¡¸¸½Š¸¸˜¸Ä ¤¸½¬¸¥¸ 31.03.2021 ¬¸¿™ž¸Ä ÇÅŸ¸¸¿ˆÅ during the transition of regulatory adjustments (i.e. Ref. No.
31.03.2021
from March 31, 2017)
III ¬¸¸Ÿ¸¸›¡¸ œÏˆÅ’›¸ ’½Ÿœ¥¸½’ ˆÅ¸½
¢]¸¬¸Ÿ¸Ê ¬¸½ À œÏŸ¸º‰¸ ¬¨¸¸¢Ÿ¸÷¨¸ ¢¨¸î¸ú¡¸ ƒˆÅ¸ƒÄ¡¸¸Ê ˆÅú 0.00 Of which: Shortfall in the Additional Tier 1 capital 0.00
41b of majority owned financial entities which have not
41‰¸ ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 œ¸»¿]¸ú Ÿ¸Ê ˆÅŸ¸ú, ¢]¸¬¸ˆÅ¸ ¤¸ÿˆÅ ˆ½Å ¬¸¸˜¸ been consolidated with the bank
¬¸Ÿ¸½ˆÅ›¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¸½
Regulatory adjustments applied to Additional Tier 1 0.00
ˆÅ’¸¾¢÷¸¡¸¸Ê ˆÅ¸½ ˆÅ¨¸£ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ’ú¡¸£ 2 ˆÅú 0.00 42
due to insufficient Tier 2 to cover deductions
42 ‚œ¸¡¸¸Äœ÷¸÷¸¸ ˆ½Å ˆÅ¸£µ¸ ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 œ¸£ ¥¸¸Š¸» Total regulatory adjustments to Additional Tier 0.00
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ 43
1 capital
0.00
43 ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 œ¸»¿]¸ú ˆÅú ÷¸º¥¸›¸¸ Ÿ¸Ê ˆºÅ¥¸ 44 Additional Tier 1 capital (AT1) 0.00
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ Tier 1 capital (T1 = CET1 + AT1) (row 29 + row 91606.81
44 ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ 1 œ¸»¿]¸ú (‡’ú 1) 0.00 45
44)
91606.81
45 ’ú¡¸£ 1 œ¸»¿]¸ú (’ú 1 = ¬¸úƒÄ’ú 1 + ‡’ú 1) Tier 2 capital: instruments and provisions
(œ¸¿¢Æ÷¸ 29 + œ¸¿¢Æ÷¸ 44) Directly issued qualifying Tier 2 instruments plus 16057.00
46
’ú¡¸£ 2 œ¸»¿]¸ú À ¢¥¸‰¸÷¸Ê ‚¸¾£ œÏ¸¨¸š¸¸›¸ related stock surplus

46 ¬¸¿¤¸¿¢š¸÷¸ ¬’¸ÁˆÅ ‚¢š¸©¸½«¸ ¬¸¢í÷¸ œÏ÷¡¸®¸ ]¸¸£ú œ¸¸°¸ 16057.00 47

Directly issued capital instruments subject to phase 10000.00
’ú¡¸£ 2 ¢¥¸‰¸÷¸Ê out from Tier 2
47 ’ú¡¸£ 2 ¬¸½ û½Å]¸ ‚¸„’ ˆ½Å ‚š¸ú›¸ œÏ÷¡¸®¸ ]¸¸£ú œ¸»]¿ ¸ú ¢¥¸‰¸÷¸Ê 10000.00 Tier 2 instruments (and CET1 and AT1 instruments 0.00
not included in rows 5 or 34) issued by subsidiaries
‚›¸º«¸¿¢Š¸¡¸¸Ê ׸£¸ ]¸¸£ú ‚¸¾£ ÷¸¼÷¸ú¡¸ œ¸®¸¸Ê ׸£¸ š¸¸¢£÷¸ 0.00 48
and held by third parties (amount allowed in group
48 (’ú¡¸£ 2 ¬¸Ÿ¸»í Ÿ¸Ê ‚›¸ºŸ¸÷¡¸ £¸¢©¸) ’ú¡¸£ 2 ¢¥¸‰¸÷¸Ê Tier 2)
(‚¸¾£ œ¸¿¢Æ÷¸ 5 ‚˜¸¨¸¸ 34 Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸ ˆÅú Š¸ƒÄ ¬¸úƒÄ’ú of which: instruments issued by subsidiaries 0.00
1 ‚¸¾£ ‡’ú 1 ¢¥¸‰¸÷¸Ê) 49
subject to phase out
49 ¢]¸¬¸Ÿ¸Ê ¬¸½ À û½Å]¸ ‚¸„’ ©¸÷¸Ä œ¸£ ‚›¸º«¸¿¢Š¸¡¸¸Ê ׸£¸ ]¸¸£ú 0.00 49 a Investment Fluctuation Reserve 4030.00 B7
¢¥¸‰¸÷¸Ê 50 Provisions & Other Reserves 8378.50
49 ˆÅ ¢›¸¨¸½«¸ ‚¦¬˜¸£ ‚¸£¢®¸¢÷¸ 4030.00 ¤¸ú 7
50 a General Provisions 8358.04
50 œÏ¸¨¸š¸¸›¸ ‚¸¾£ ‚›¡¸ ‚¸£¢®¸¢÷¸¡¸¸¿ 8378.50
Revaluation reserves at a discount of 55 per cent 20.46 B 6 (b)
50 ˆÅ ¬¸¸Ÿ¸¸›¡¸ œÏ¸¨¸š¸¸›¸ 8358.04 50 b
(T-2) (if not already shown under CET 1)
50 ‰¸ 55 œÏ¢÷¸©¸÷¸ ˆÅú Žº’ œ¸£ ‚¸£¢®¸¢÷¸ ˆÅ¸ œ¸º›¸Ÿ¸»¥Ä ¡¸¸¿ˆÅ›¸ (’ú- 20.46 ¤¸ú 6 (¤¸ú)
51 Tier 2 capital before regulatory adjustments 38465.50
2) (¡¸¢™ ¬¸úƒÄ’ú 1 ˆ½Å ‚¿÷¸Š¸Ä÷¸ œ¸í¥¸½ íú ›¸ ¢™‰¸¸¡¸¸ Š¸¡¸¸ í¸½)
Tier 2 capital: regulatory adjustments
51 ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸¸Ê ¬¸½ œ¸»¨¸Ä ’ú¡¸£ 2 œ¸»¿]¸ú 38465.50
’ú¡¸£ 2 œ¸»¿]¸ú À ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ 52 Investments in own Tier 2 instruments 0.00
52 ¬¨¸¡¸¿ ˆÅú ’ú¡¸£ 2 ¢¥¸‰¸÷¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸ 0.00 53 Reciprocal cross-holdings in Tier 2 instruments 101.10
53 ’ú¡¸£ 2 ¢¥¸‰¸÷¸¸Ê Ÿ¸Ê œ¸¸£¬œ¸¢£ˆÅ œÏ¢÷¸š¸¸¢£÷¸¸ 101.10 Investments in the capital of banking, financial 0.00
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ™¸¡¸£½ ¬¸½ ¤¸¸í£ ¤¸ÿ¢ˆ¿ÅŠ¸, ¢¨¸î¸ú¡¸ 0.00 and insurance entities that are outside the scope
of regulatory consolidation, net of eligible short
‚¸¾£ ¤¸úŸ¸¸ ƒˆÅ¸ƒÄ¡¸¸Ê ˆÅú œ¸»¿]¸ú Ÿ¸Ê ¢›¸¨¸½©¸ ]¸í¸¿ œ¸¸°¸ 54
positions, where the bank does not own more than
54 ‚¥œ¸ˆÅ¸¥¸ú›¸ ¦¬˜¸¢÷¸¡¸¸Ê ˆÅ¸½ ‹¸’¸ˆÅ£ ¤¸ÿˆÅ ˆÅ¸ ¬¨¸¸¢Ÿ¸÷¨¸ 10% of the issued common share capital of the
ƒˆÅ¸ƒÄ ˆÅú ]¸¸£ú ¬¸¸Ÿ¸¸›¡¸ ©¸½¡¸£ œ¸»¿]¸ú ˆÅ¸ 10% ¬¸½ entity (amount above the 10% threshold)
‚¢š¸ˆÅ ›¸ í¸½ (œÏ¸£¿¢ž¸ˆÅ 10% ¬¸½ ‚¢š¸ˆÅ £¸¢©¸) Significant investments in the capital banking, 0.00
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ™¸¡¸£½ ¬¸½ ¤¸¸í£ ¤¸ÿ¢ˆ¿ÅŠ¸ œ¸»¿]¸ú, 0.00 financial and insurance entities that are outside the
55
55 ¢¨¸î¸ú¡¸ ‚¸¾£ ¤¸úŸ¸¸ ƒˆÅ¸ƒÄ¡¸¸Ê Ÿ¸Ê (œ¸¸°¸ ‚¥œ¸ˆÅ¸¥¸ú›¸ scope of regulatory consolidation (net of eligible
short positions)
¦¬˜¸¢÷¸¡¸¸Ê ˆÅ¸½ ‹¸’¸ˆÅ£) „¥¥¸½‰¸›¸ú¡¸ ¢›¸¨¸½©¸
56 National specific regulatory adjustments (56a+56b) 0.00
56 £¸«’ïú¡¸ ¢¨¸¢©¸«’ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ (56ˆÅ + 56‰¸) 0.00
Of which: Investments in the Tier 2 capital of 0.00
56ˆÅ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ ‚›¸º«¸¿¢Š¸¡¸¸Ê ˆÅ¸ ’ú¡¸£ 2 0.00 56a
unconsolidated subsidiaries
œ¸»¿]¸ú Ÿ¸Ê ¢›¸¨¸½©¸
Of which: Shortfall in the Tier 2 capital of majority 0.00
56‰¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À œÏŸ¸º‰¸ ¬¨¸¸¢Ÿ¸÷¨¸ ¢¨¸î¸ú¡¸ ƒˆÅ¸ƒÄ¡¸¸Ê ˆÅú ’ú¡¸£ 2 0.00 56b owned financial entities which have not been
œ¸»]¿ ¸ú Ÿ¸Ê ˆÅŸ¸ú, ¢]¸¬¸ˆÅ¸ ¤¸ÿˆÅ ˆ½Å ¬¸¸˜¸ ¬¸Ÿ¸½ˆÅ›¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¸½ consolidated with the bank
£¸¢©¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ’ú¡¸£ 2 í½÷¸º œÏ¡¸ºÆ÷¸ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ 9000.00 REGULATORY ADJUSTMENTS APPLIED TO 9000.00
¬¸Ÿ¸¸¡¸¸½]¸›¸ ]¸¸½ ¢ˆÅ œ¸»¨¸Ä ¤¸½¬¸¥¸ III ‚›¸ºœÏ¡¸¸½Š¸ ˆ½Å TIER 2 IN RESPECT OF AMOUNTS SUBJECT
‚š¡¸š¸ú›¸ í¾ TO PRE- BASEL III TREATMENT
57 ’ú¡¸£ II œ¸»¿]¸ú í½÷¸º ˆºÅ¥¸ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ 9101.10 57 Total regulatory adjustments to Tier 2 capital 9101.10
58 ’ú¡¸£ II œ¸»¿]¸ú (’ú 2) 29364.40 58 Tier 2 capital (T2) 29364.40
59 ˆºÅ¥¸ œ¸»¿]¸ú (’ú¬¸ú = ’ú1 + ’ú2) (45+58) 120971.21 59 Total capital (TC = T1 + T2) (45+ 58) 120971.21
60 ˆºÅ¥¸ ]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸¿ (60ˆÅ + 60‰¸ + 60Š¸) 834693.59 60 Total risk weighted assets ( 60a + 60b + 60c) 834693.59
60ˆÅ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ˆºÅ¥¸ †µ¸ ]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸¿ 668643.09 60a of which: total credit risk weighted assets 668643.09
60‰¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ˆºÅ¥¸ ¤¸¸]¸¸£ ]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸¿ 65066.31 60b of which: total market risk weighted assets 65066.31
60Š¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ˆºÅ¥¸ œ¸¢£\¸¸¥¸›¸ ]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸¿ 100984.19 60c of which: total operational risk weighted assets 100984.19

156
Jeeef<e&keÀ efjHeesì& 2020-21

(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (` in Million)

¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸¸Ê ˆ½Å ‚¿÷¸£µ¸ ¢™›¸¸¿ˆÅ Basel III common disclosure template to be used
As on
(‚˜¸¸Ä÷¸ 31 Ÿ¸¸\¸Ä, 2017) ˆ½Å ™¸¾£¸›¸ „œ¸¡¸¸½Š¸¸˜¸Ä ¤¸½¬¸¥¸ 31.03.2021 ¬¸¿™ž¸Ä ÇÅŸ¸¸¿ˆÅ during the transition of regulatory adjustments (i.e. Ref. No.
31.03.2021
from March 31, 2017)
III ¬¸¸Ÿ¸¸›¡¸ œÏˆÅ’›¸ ’½Ÿœ¥¸½’ ˆÅ¸½
Capital ratios and Buffers
œ¸»¿]¸ú ‚›¸ºœ¸¸÷¸ ÷¸˜¸¸ ¤¸ûŬ¸Ä
Common Equity Tier 1 (as a percentage of risk 10.975%
61 ¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú ’ú¡¸£ I (]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸Ê 10.975% 61
weighted assets)
ˆ½Å œÏ¢÷¸©¸÷¸ ¬¨¸³Åœ¸)
62 Tier 1 (as a percentage of risk weighted assets) 10.975%
62 ’ú¡¸£ I (]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å œÏ¢÷¸©¸÷¸ ¬¨¸³Åœ¸) 10.975%
Total capital (as a percentage of risk weighted 14.493%
63 ˆºÅ¥¸ œ¸»]¿ ¸ú (]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å œÏ¢÷¸©¸÷¸ ¬¨¸³Åœ¸) 14.493% 63
assets)
¬¸¿¬˜¸¸›¸ ¢¨¸¢©¸«’ ¤¸ûÅ£ ‚¸¨¸©¡¸ˆÅ÷¸¸ (]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ 0.00 Institution specific buffer requirement (minimum 0.00
‚¸¦¬÷¸¡¸¸Ê ˆ½ Å œÏ¢÷¸©¸÷¸ ¬¨¸³Åœ¸ ™©¸¸Ä ¡ ¸¸ Š¸¡¸¸ œ¸» ¿ ] ¸ú CET1 requirement plus capital conservation and
64 ¬¸¿£®¸µ¸ ‚¸¾£ œÏ¢÷¸ \¸ÇÅú¡¸ ¤¸ûÅ£ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ¬¸¢í÷¸ 64
countercyclical buffer requirements, expressed as
›¡¸»›¸÷¸Ÿ¸ ¬¸úƒÄ’ú 1 ‚¸¨¸©¡¸ˆÅ÷¸¸) a percentage of risk weighted assets)
65 ¢]¸¬¸Ÿ¸Ê ¬¸½ À œ¸»¿]¸ú ¬¸¿£®¸µ¸ ¤¸ûÅ£ ‚¸¨¸©¡¸ˆÅ÷¸¸ 0.00 65 of which: capital conservation buffer requirement 0.00
66 ¢]¸¬¸Ÿ¸Ê ¬¸½ À ¤¸ÿˆÅ ¢¨¸¢©¸«’ œÏ¢÷¸ \¸ÇÅú¡¸ ¤¸ûÅ£ ‚¸¨¸©¡¸ˆÅ÷¸¸ 0.00 of which: bank specific countercyclical buffer 0.00
66
requirement
67 ¢]¸¬¸Ÿ¸Ê ¬¸½ À ]¸ú-‡¬¸‚¸ƒÄ¤¸ú ¤¸ûÅ£ ‚¸¨¸©¡¸ˆÅ÷¸¸ 0.00
67 of which: G-SIB buffer requirement 0.00
¤¸ûÅ£ ˆÅú œ¸» ¢ ÷¸Ä í½ ÷ ¸º „œ¸¥¸¤š¸ ¬¸¸Ÿ¸¸›¡¸ ƒÄ ¦ ƨ¸’ú ’ú¡¸£ I 3.975%
68 (]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å œÏ¢÷¸©¸÷¸ ¬¨¸³Åœ¸) Common Equity Tier 1 available to meet buffers (as 3.975%
68
a percentage of risk weighted assets)
£¸«’ïú¡¸ ›¡¸»›¸÷¸Ÿ¸ ¬¸úŸ¸¸ (¡¸¢™ ¤¸½¬¸¥¸ III ¬¸½ ¢ž¸››¸ í¸½) National minima (if different from Basel III)
69 £¸«’ï ú¡¸ ¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú ’ú¡¸£ I ›¡¸»›¸÷¸Ÿ¸ ‚›¸ºœ¸¸÷¸ 7.375%
National Common Equity Tier 1 minimum ratio 7.375%
(¡¸¢™ ›¡¸»›¸÷¸Ÿ¸ ¤¸½¬¸¥¸ III ¬¸½ ¢ž¸››¸ í¸½) 69
(if different from Basel III minimum)
70 £¸«’ï ú¡¸ ’ú¡¸£ I ›¡¸»›¸÷¸Ÿ¸ ‚›¸ºœ¸¸÷¸ (¡¸¢™ ›¡¸»›¸÷¸Ÿ¸ 8.875% National Tier 1 minimum ratio (if different from 8.875%
¤¸½¬¸¥¸ III ¬¸½ ¢ž¸››¸ í¸½) 70
Basel III minimum)
71 £¸«’ï ú¡¸ ˆºÅ¥¸ œ¸»¿]¸ú ›¡¸»›¸÷¸Ÿ¸ ‚›¸ºœ¸¸÷¸ (¡¸¢™ ›¡¸»›¸÷¸Ÿ¸ 10.875% National total capital minimum ratio (if different 10.875%
¤¸½¬¸¥¸ III ¬¸½ ¢ž¸››¸ í¸½) 71
from Basel III minimum)
ˆÅ’¸¾÷¸ú í½÷¸º œÏ¸£¿¢ž¸ˆÅ £¸¢©¸¡¸¸Ê ¬¸½ ˆÅŸ¸ £¸¢©¸¡¸¸¿ 0.00 Amounts below the thresholds for deduction 0.00
(]¸¸½¢‰¸Ÿ¸ ž¸¸£ ¬¸½ œ¸»¨¸Ä) (before risk weighting)
72 ‚›¡¸ ¢¨¸î¸ú¡¸ ƒˆÅ¸ƒ¡¸¸Ê ˆÅú œ¸»]¿ ¸ú Ÿ¸Ê Š¸¾£-„¥¥¸½‰¸›¸ú¡¸ ¢›¸¨¸½©¸ 0.00 72
Non-significant investments in the capital of other 0.00
73 ¢¨¸î¸ú¡¸ ƒˆÅ¸ƒ¡¸¸Ê ˆ½Å ¬¸¸Ÿ¸¸›¡¸ ¬’¸ÁˆÅ Ÿ¸Ê „¥¥¸½‰¸›¸ú¡¸ ¢›¸¨¸½©¸ 0.00 financial entities
74 ¤¸¿š¸ˆÅ ¬¸½¨¸ú ‚¢š¸ˆÅ¸£ (¬¸¿¤¸¿¢š¸÷¸ ˆÅ£ ™½¡¸÷¸¸ ‹¸’¸ˆÅ£) 0.00 73
Significant investments in the common stock of 0.00
financial entities
75 ’ú¡¸£ 2 Ÿ¸Ê œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸½ ©¸¸¢Ÿ¸¥¸ ˆÅ£›¸½ í½ ÷ ¸º ¥¸¸Š¸»
¬¸úŸ¸¸‡¿ 74 Mortgage servicing rights (net of related tax liability) 0.00
Ÿ¸¸›¸ˆÅúˆ¼Å÷¸ ´¦«’ˆÅ¸½µ¸ ˆ½Å ‚š¸ú›¸ ¢¨¸Š¸¸½œ¸›¸ ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê 13464.52 Applicable caps on the inclusion of provisions
75
in Tier 2
76 ’ú¡¸£ II Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ˆÅ£›¸½ í½÷¸º œ¸¸°¸ œÏ¸¨¸š¸¸›¸ (¬¸úŸ¸¸
¥¸¸Š¸» ˆÅ£›¸½ ¬¸½ œ¸»¨¸Ä) Provisions eligible for inclusion in Tier 2 in respect 13464.52
76 of exposures subject to standardised approach
Ÿ¸¸›¸ˆÅúˆ¼ Å÷¸ ´¦«’ˆÅ¸½µ¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ’ú¡¸£ II Ÿ¸Ê œÏ¸¨¸š¸¸›¸¸Ê 8358.04 (prior to application of cap)
77 ˆÅ¸½ ©¸¸¢Ÿ¸¥¸ ˆÅ£›¸½ ˆÅú ¬¸úŸ¸¸
Cap on inclusion of provisions in Tier 2 under 8358.04
‚¸¿÷¸¢£ˆÅ £½¢’¿Š¸ ‚¸š¸¸¢£÷¸ ´¦«’ˆÅ¸½µ¸ ˆ½Å ‚š¸ú›¸ ¥¸¸Š¸» ›¸íú¿ 77
standardised approach
78 ¢¨¸Š¸¸½œ¸›¸ ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê ’ú¡¸£ II Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ˆÅ£›¸½ í½÷¸º Provisions eligible for inclusion in Tier 2 in respect NA
œ¸¸°¸ œÏ¸¨¸š¸¸›¸ (¬¸úŸ¸¸ ¥¸¸Š¸» ˆÅ£›¸½ ¬¸½ œ¸»¨¸Ä) 78 of exposures subject to internal ratings-based
79 ‚¸¿ ÷¸¢£ˆÅ £½¢’¿Š¸ ‚¸š¸¸¢£÷¸ ´¦«’ˆÅ¸½µ¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ’ú¡¸£ ¥¸¸Š¸» ›¸íú¿ approach (prior to application of cap)
II Ÿ¸Ê œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸½ ©¸¸¢Ÿ¸¥¸ ˆÅ£›¸½ ˆÅú ¬¸úŸ¸¸ Cap for inclusion of provisions in Tier 2 under NA
79
û½Å]¸ ‚¸„’ ¨¡¸¨¸¬˜¸¸‚¸Ê ˆ½Å ‚š¸ú›¸ œ¸»¿]¸ú ¢¥¸‰¸÷¸Ê internal ratings-based approach
(ˆ½Å¨¸¥¸ 31 Ÿ¸¸\¸Ä, 2017 ¬¸½ 31 Ÿ¸¸\¸Ä 2022 ÷¸ˆÅ Capital instruments subject to phase-out
¥¸¸Š¸») arrangements (only applicable between March
31, 2017 and March 31, 2022)
80 û½í½Å÷]¸¸º ¨¸÷¸Ä
‚¸„’ ¨¡¸¨¸¬˜¸¸‚¸Ê ˆ½Å ‚š¸ú›¸ ¬¸úƒÄ’ú 1 ¢¥¸‰¸÷¸¸Ê ¥¸¸Š¸» ›¸íú¿
Ÿ¸¸›¸ ¬¸úŸ¸¸ Current cap on CET1 instruments subject to phase NA
80
out arrangements
¬¸úŸ¸¸ ˆ½Å ˆÅ¸£µ¸ ¬¸úƒÄ’ú 1 ¬¸½ ¤¸¸í£ £¸¢©¸ (Ÿ¸¸½\¸›¸ ‚¸¾£ ¥¸¸Š¸» ›¸íú¿
81 œ¸¢£œ¸Æ¨¸÷¸¸‚¸Ê ˆ½Å ¤¸¸™ ¬¸úŸ¸¸ ˆ½Å ‚¢÷¸¢£Æ÷¸ ‚¢š¸©¸½«¸) Amount excluded from CET1 due to cap (excess NA
81
over cap after redemptions and maturities)
82 û½¨¸÷¸ÄÅ]¸Ÿ¸¸›¸
‚¸„’ ¨¡¸¨¸¬˜¸¸‚¸Ê ˆ½Å ‚š¸ú›¸ ‡’ú 1 ¢¥¸‰¸÷¸¸Ê í½÷¸º ¥¸¸Š¸» ›¸íú¿
Current cap on AT1 instruments subject to phase NA
¬¸úŸ¸¸ 82
out arrangements
83 ¬¸úŸ¸¸ ˆ½Å ˆÅ¸£µ¸ ‡’ú 1 ¬¸½ ¤¸¸í£ £¸¢©¸ (Ÿ¸¸½\¸›¸ ‚¸¾£ ¥¸¸Š¸» ›¸íú¿ Amount excluded from AT1 due to cap (excess NA
œ¸¢£œ¸Æ¨¸÷¸¸‚¸Ê ˆ½Å ¤¸¸™ ¬¸úŸ¸¸ ˆ½Å ‚¢÷¸¢£Æ÷¸ ‚¢š¸©¸½«¸) 83
over cap after redemptions and maturities)
û½Å]¸ ‚¸„’ ¨¡¸¨¸¬˜¸¸‚¸Ê ˆ½Å ‚š¸ú›¸ ’ú 2 ¢¥¸‰¸÷¸¸Ê ˆÅú ¥¸¸Š¸» ›¸íú¿
84 ¨¸÷¸Ä 84
Current cap on T2 instruments subject to phase out NA
Ÿ¸¸›¸ ¬¸úŸ¸¸ arrangements
85 ¬¸úŸ¸¸ ˆ½Å ˆÅ¸£µ¸ ’ú 2 ¬¸½ ¤¸¸í£ £¸¢©¸ (Ÿ¸¸½\¸›¸ ‚¸¾£ ¥¸¸Š¸» ›¸íú¿ Amount excluded from T2 due to cap (excess over NA
œ¸¢£œ¸Æ¨¸÷¸¸‚¸Ê ˆ½Å ¤¸¸™ ¬¸úŸ¸¸ ˆ½Å ‚¢÷¸¢£Æ÷¸ ‚¢š¸©¸½«¸) 85
cap after redemptions and maturities)

157
 Annual Report 2020-21

’½Ÿœ¸¥¸½’ ›¸¸½’ Notes to Template

Row No.
’½Ÿœ¸¥¸½’ ` In
of Particulars
œ¸¿¢Æ÷¸ ¤¡¸¸¾£½ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸½¿ Template Million
ÇÅŸ¸¸¿ˆÅ
Deferred tax assets associated with 8599.07
¬¸¿\¸¡¸ú í¸¢›¸¡¸¸Ê ¬¸½ ¬¸¿¤¸Ö ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸¿ 8599.07 10 accumulated losses
10 Total as indicated in row 10
œ¸¿¢Æ÷¸ 10 Ÿ¸Ê ™©¸¸Ä‡ ‚›¸º¬¸¸£ ]¸¸½”õ
If investments in insurance subsidiaries 0.00
¡¸¢™ ¤¸úŸ¸¸ ¬¸í¸¡¸ˆÅ ˆ¿Åœ¸¢›¸¡¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸¸Ê ˆÅú œ¸»¿]¸ú ¬¸½ 0.00 are not deducted fully from capital and
œ¸»µ¸Ä ˆÅ’¸¾÷¸ú ›¸ ˆÅú Š¸ƒÄ í¸½ ‚¸¾£ ƒ¬¸ˆ½Å ¤¸]¸¸¡¸ ˆÅ’¸¾÷¸ú ˆ½Å 19 instead considered under 10% threshold
19 for deduction, the resultant increase in the
œÏ¸£¿¢ž¸ˆÅ 10 œÏ¢÷¸©¸÷¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢¨¸\¸¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¸½
capital of bank
÷¸¸½ œ¸¢£µ¸¸Ÿ¸¬¨¸³Åœ¸ ¤¸ÿˆÅ ˆÅú œ¸»¿]¸ú Ÿ¸Ê íºƒÄ ¨¸¼¢Ö
of which: Increase in Common Equity Tier 1 0.00
¢]¸¬¸Ÿ¸Ê ¬¸½ À ¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú ’ú¡¸£ I œ¸»¿]¸ú Ÿ¸Ê ¨¸¼¢Ö 0.00 capital

¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚¢÷¸¢£Æ÷¸ ’ú¡¸£ I œ¸»¿]¸ú Ÿ¸Ê ¨¸¼¢Ö 0.00 of which: Increase in Additional Tier 1 capital 0.00
of which: Increase in Tier 2 capital 0.00
¢]¸¬¸Ÿ¸Ê ¬¸½ À ’ú¡¸£ II œ¸»¿]¸ú Ÿ¸Ê ¨¸¼¢Ö 0.00
If Investments in the Equity Capital of 0.00
¡¸¢™ ‚¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸/Š¸¾£-¢¨¸î¸ú¡¸ ¬¸í¸¡¸ˆÅ/¬¸¿¤¸Ö 0.00 unconsolidated financial/non-financial
26‰¸ ˆ¿Åœ¸¢›¸¡¸¸Ê ˆÅú ƒÄ¦Æ¨¸’ú œ¸»¿]¸ú ˆ½Å ¢›¸¨¸½©¸¸Ê ˆÅú ˆÅ’¸¾÷¸ú ›¸ ˆÅú 26b
subsidiaries/Associates are not deducted
Š¸ƒÄ í¸½, ¢]¸¬¸ˆ½Å ˆÅ¸£µ¸ ]¸¸½¢‰¸Ÿ¸ ž¸¸£ and hence, risk weighted then,

i) ¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú ’ú¡¸£ I œ¸»¿]¸ú Ÿ¸Ê ¨¸¼¢Ö 732.71 Increase in Common Equity Tier 1
i)  732.71
Capital
ii) ]¸¸½¢‰¸Ÿ¸ ž¸¸¢£÷¸ ‚¸¦¬÷¸¡¸¸Ê Ÿ¸Ê ¨¸¼¢Ö 1831.78
ii) Increase in Risk Weighted Assets 1831.78
œ¸»¿]¸ú œ¸¡¸¸Äœ÷¸÷¸¸ í½÷¸º Š¸¾£-‚¢ž¸¢›¸š¸¸Ä¢£÷¸ ‚¢š¸©¸½«¸ 0.00 Excess Additional Tier 1 Capital not reckoned 0.00
‚¢÷¸¢£Æ÷¸ ’ú¡¸£ I œ¸»¿]¸ú (œ¸¿¢Æ÷¸ 44 Ÿ¸Ê ¢£œ¸¸½’Ä ¢ˆÅ‡ for capital adequacy (difference between
44ˆÅ 44a
Š¸‡ ‡’ú1 ‚¸¾£ œ¸¿¢Æ÷¸ 44ˆÅ Ÿ¸Ê ¢£œ¸¸½’Ä ¢ˆÅ‡ Š¸‡ AT1 as reported in row 44 and admissible
‚›¸ºŸ¸÷¡¸ ‡’ú1 ˆ½Å ¤¸ú\¸ ‚¿÷¸£) AT1 as reported in 44a
of which: Excess AT1 which is considered as 0.00
¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚¢š¸©¸½«¸ ‡’ú 1, ¢]¸¬¸½ œ¸¿¢Æ÷¸ 58 ‰¸ ˆ½Å 0.00
Tier 2 capital under row 58b
‚¿÷¸Š¸Ä÷¸ ¢¨¸\¸¸¢£÷¸ ’ú¡¸£ II œ¸»¿]¸ú Ÿ¸¸›¸¸ Š¸¡¸¸
Eligible Provisions included in Tier 2 capital 8358.04
’ú¡¸£ 2 œ¸»¿]¸ú Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ œ¸¸°¸ œÏ¸¨¸š¸¸›¸ 8358.04
Eligible Revaluation Reserves included in 20.46
50
50 ’ú¡¸£ 2 œ¸»¿]¸ú Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ œ¸¸°¸ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿ˆÅ›¸ ‚¸£¢®¸¢÷¸¡¸¸Â 20.46 Tier 2 capital

œ¸¿¢Æ÷¸ 50 ˆÅ¸ ˆºÅ¥¸ 8378.50 Total of Row 50 8378.50

TABLE DF-12: COMPOSITION OF CAPITAL – RECONCILIATION

¬¸¸£µ¸ú À ”ú‡ûÅ-12 À œ¸»¿]¸ú ¬¸¿¢Ÿ¸ª - ¬¸Ÿ¸¸š¸¸›¸ ‚¸¨¸©¡¸ˆÅ÷¸¸
REQUIREMENT
\¸£µ¸ 1 Step 1
(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸½¿) (` In Million)
÷¸º¥¸›¸ œ¸°¸     Balance sheet Balance Sheet
œÏˆÅ¸¢©¸÷¸ ¢¨¸î¸ú¡¸
- ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å as in published Under regulatory
¢¨¸¨¸£¢µ¸¡¸¸Ê ˆ½Å
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ™¸¡¸£½ financial scope of
‚›¸º¬¸¸£ ÷¸º¥¸›¸œ¸°¸ statement consolidation
ˆ½Å ‚š¸ú›¸
31.03.2021 ˆÅ¸½ 31.03.2021 ˆÅ¸½     As on 31.03.2021 As on 31.03.2021
A Capital & Liabilities
ˆÅ œ¸»¿]¸ú ¨¸ ™½¡¸÷¸¸‡¿
œÏ™î¸ œ¸»¿]¸ú 65601.59 Paid-up Capital 65601.59  

‚¸£¢®¸¢÷¸¡¸¸¿ ‡¨¸¿ ‚¢š¸©¸½«¸ 55730.20 Reserves & Surplus 55730.20  

i i
‚¥œ¸ ¤¡¸¸]¸ 0.00 Minority Interest 0.00  

ˆºÅ¥¸ œ¸»¿]¸ú 121331.79 Total Capital 121331.79  

]¸Ÿ¸¸£¸¢©¸¡¸¸¿ ¢]¸¬¸Ÿ¸Ê ¬¸½ À 1740056.19 Deposits of which: 1740056.19  

¤¸ÿˆÅ¸Ê ¬¸½ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ 3069.54 Deposits from banks 3069.54  

ii ii
ŠÏ¸íˆÅ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ (¤¸\¸÷¸ ‰¸¸÷¸¸) 754020.18 Customer deposits (SB) 754020.18  
‚›¡¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ 982966.48 Other deposits 982966.48

158
Jeeef<e&keÀ efjHeesì& 2020-21

(` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸½¿) (` In Million)

÷¸º¥¸›¸ œ¸°¸     Balance sheet Balance Sheet
œÏˆÅ¸¢©¸÷¸ ¢¨¸î¸ú¡¸
- ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å as in published Under regulatory
¢¨¸¨¸£¢µ¸¡¸¸Ê ˆ½Å financial scope of
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ™¸¡¸£½
‚›¸º¬¸¸£ ÷¸º¥¸›¸œ¸°¸ statement consolidation
ˆ½Å ‚š¸ú›¸
    As on 31.03.2021 As on 31.03.2021
31.03.2021 ˆÅ¸½ 31.03.2021 ˆÅ¸½
Borrowings of which: 42387.51
„š¸¸¢£¡¸¸¿ ¢]¸¬¸Ÿ¸Ê ¬¸½À 42387.51
From RBI 5000.00
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ¬¸½ 5000.00
From Banks 0.00  
¤¸ÿˆÅ¸Ê ¬¸½ 0.00 iii
iii
From other institutions 515.98
‚›¡¸ ¬¸¿¬˜¸¸›¸¸Ê ¬¸½ 515.98
¤¸¸Áµ”¬¸ ‡¨¸¿ ¢”¤¸Ê\¸£ œ¸»¿]¸ú ¢¥¸‰¸÷¸¸Ê ˆ½Å 36057.00 Borrowings in the form of bonds & 36057.00
debentures capital instruments
³Åœ¸ Ÿ¸Ê „š¸¸¢£¡¸¸¿
Borrowings from outside India 814.53
ž¸¸£÷¸ ˆ½Å ¤¸¸í£ ¬¸½ „š¸¸¢£¡¸¸¿ 814.53
iv ‚›¡¸ ™½¡¸÷¸¸‡¿ ¨¸ œÏ¸¨¸š¸¸›¸ 62874.64 iv Other Liabilities and Provision 62874.64  

ˆºÅ¥¸ œ¸»¿]¸ú ‡¨¸¿ ™½¡¸÷¸¸‡¿ 1966650.13   Total Capital & Liabilities 1966650.13

‰¸ ‚¸¦¬÷¸¡¸¸¿ B Assets  

ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ Ÿ¸Ê ›¸ˆÅ™ú 128824.82 Cash and Bank Balance with Reserve 128824.82  
i
i Bank of India
‚¸¾£ ‰¸¸÷¸¸ ©¸½«¸
Balance with banks and money at call 592.49  
¤¸ÿˆÅ¸Ê Ÿ¸Ê ©¸½«¸ ‚¸¾£ Ÿ¸¸¿Š¸ ÷¸˜¸¸ ‚¥œ¸ 592.49 ii
and short notice
ii
¬¸»\¸›¸¸ œ¸£ œÏ¸œ¡¸ š¸›¸
iii Investments of which: 681116.45  
¢›¸¨¸½©¸ ¢]¸¬¸Ÿ¸Ê ¬¸½À 681116.45
of which: Government securities 611141.69  
¢]¸¬¸Ÿ¸Ê ¬¸½ À ¬¸£ˆÅ¸£ú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ 611141.69
of which: Other approved securities 0.00  
¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚›¡¸ ‚›¸ºŸ¸¸½¢™÷¸ 0.00
œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ of which: Shares 2926.13  

¢]¸¬¸Ÿ¸Ê ¬¸½ À ©¸½¡¸¬¸Ä 2926.13 of which: Debentures & Bonds 49852.30  

iii
¢]¸¬¸Ÿ¸Ê ¬¸½ À ¢”¤¸Ê\¸£ ‡¨¸¿ ¤¸¸Áµ” 49852.30 of which: Subsidiaries / Joint Ventures / 734.21  
Associates
¢]¸¬¸Ÿ¸Ê ¬¸½ À ¬¸í¸¡¸ˆÅ/¬¸¿¡¸ºÆ÷¸ 734.21
„Ô¸Ÿ¸/¬¸í¡¸¸½Š¸ú œÏ¢÷¸«“¸›¸ of which: Others (Commercial Papers, 16462.11  
Mutual Funds etc.)
¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚›¡¸ (¨¸¸¢µ¸¦]¡¸ˆÅ œ¸°¸, 16462.11
Ÿ¡¸º\¸º‚¥¸ û¿Å” ƒ÷¡¸¸¢™) Loans and Advances of which: 1024051.67

†µ¸ ‚¸¾£ ‚¢ŠÏŸ¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À 1024051.67 iv Loans and Advances to banks 4.75

iv ¤¸ÿˆÅ¸Ê ˆÅ¸½ †µ¸ ‚¸¾£ ‚¢ŠÏŸ¸ 4.75 Loan and Advances to Customers 1024046.92

ŠÏ¸íˆÅ¸Ê ˆÅ¸½ †µ¸ ‚¸¾£ ‚¢ŠÏŸ¸ 1024046.92 v Fixed Assets 16740.02

v ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸¿ 16740.02 vi Other Assets of which: 115324.69

vi ‚›¡¸ ‚¸¦¬÷¸¡¸¸¿ ¢]¸¬¸Ÿ¸Ê ¬¸½ À 115324.69 vii Goodwill on Consolidation 0.00  

vii ¬¸Ÿ¸½ˆÅ›¸ œ¸£ ¬¸¸‰¸ 0.00 Debit Balance in Profit and Loss 0.00  
viii
Account
viii ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ›¸¸Ÿ¸½ ©¸½«¸ 0.00
Total Assets 1966650.13
ˆºÅ¥¸ ‚¸¦¬÷¸¡¸¸¿ 1966650.13

159
 Annual Report 2020-21

\¸£µ¸ 2 Step 2

Balance sheet
œÏˆÅ¸¢©¸÷¸ ¢¨¸î¸ú¡¸ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å Under regula-
¬¸¿™ž¸Ä as in published
¢¨¸¨¸£¢µ¸¡¸¸Ê ˆ½Å ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ™¸¡¸£½     Ref. No.
financial state-
tory scope of
ÇÅŸ¸¸¿ˆÅ consolidation
‚›¸º¬¸¸£ ÷¸º¥¸›¸œ¸°¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ments
31.03.2021 ˆÅ¸½ 31.03.2021 ˆÅ¸½     As on 31.03.2021 As on 31.03.2021
A Capital & Liabilities
ˆÅ œ¸»¿]¸ú ‚¸¾£ ™½¡¸÷¸¸‡¿
i œÏ™î¸ œ¸»¿]¸ú ¢]¸¬¸Ÿ¸Ê ¬¸½ ‡ 65601.59 i Paid-up Capital of which A 65601.59

¬¸úƒÄ’ú 1 í½÷¸º œ¸¸°¸ £¸¢©¸ ‡1 65601.59 Amount eligible for CET 1 A1 65601.59
‡’ú 1 í½÷¸º œ¸¸°¸ £¸¢©¸ ‡2 0.00 Amount eligible for AT1 A2 0.00
Reserves & Surplus of which: B 55730.20
‚¸£¢®¸¢÷¸¡¸¸¿ ‡¨¸¿ ‚¢š¸©¸½«¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ¤¸ú 55730.20
Equity Share Premium B1 949.50
ƒÄ¦Æ¨¸’ú ©¸½¡¸£ œÏú¢Ÿ¸¡¸Ÿ¸ ¤¸ú 1 949.50 Statutory Reserve B2 14872.01
¬¸¸¿¢¨¸¢š¸ˆÅ ‚¸£¢®¸¢÷¸¡¸¸¿ ¤¸ú 2 14872.01
Capital Reserve B3 6015.71
œ¸»¿]¸ú ‚¸£¢®¸¢÷¸¡¸¸¿ ¤¸ú 3 6015.71 Revenue Reserve and Other B4 17102.55
£¸]¸¬¨¸ ‚¸£¢®¸¢÷¸¡¸¸¿ ‚¸¾£ ‚›¡¸ ‚¸£¢®¸¢÷¸¡¸¸¿ ¤¸ú 4 17102.55 Reserves
¢¨¸©¸½«¸ ‚¸£¢®¸¢÷¸¡¸¸¿ ¤¸ú 5 512.60 Special Reserve B5 512.60
œ¸º›¸Ÿ¸»Ä¥¡¸¸¿ˆÅ›¸ ‚¸£¢®¸¢÷¸¡¸¸¿ ¢]¸¬¸Ÿ¸Ê ¬¸½À ¤¸ú 6 11726.23 Revaluation Reserve of which: B6 11726.23
Eligible for CET 1 B6(a) 5256.35
¬¸úƒÄ’ú 1 ˆ½Å ¢¥¸‡ œ¸¸°¸ ¤¸ú 6(ˆÅ) 5256.35
Eligible for Tier II B6 (b) 20.46
’ú¡¸£ II ˆ½Å ¢¥¸‡ œ¸¸°¸ ¤¸ú 6(‰¸) 20.46 Investment Reserve Fluctuation B7 4030.00
¢›¸¨¸½©¸ ‚¸£¢®¸¢÷¸¡¸¸¿ ‚¦¬˜¸£ ‰¸¸÷¸¸ ¤¸ú 7 4030.00 Account
¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ©¸½«¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ¤¸ú 8 521.60 Balance in Profit and Loss B8 521.60
Account of which
¬¸úƒÄ’ú 1 í½÷¸º œ¸¸°¸ ¤¸ú 8 (‡) 521.60
Eligible for CET 1 B8(a) 521.60
‚¥œ¸ ¤¡¸¸]¸ ¤¸ú 9 0.00 Minority Interest B9 0.00
©¸½¡¸£ ‚¸¨¸½™›¸ £¸¢©¸ ¤¸ú 10 0.00 Share application money B10 0.00  
ˆºÅ¥¸ œ¸»¿]¸ú ‡+¤¸ú 121331.79 Total Capital A+B 121331.79  
ii ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ¬¸ú Deposits C 1740056.19
1740056.19 ii
Of which:
 
¤¸ÿˆÅ¸Ê ¬¸½ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ ¬¸ú 1 3069.54 Deposits from banks C1 3069.54  
ŠÏ¸íˆÅ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ ¬¸ú 2 754020.18 Customer deposits (SB) C2 754020.18  
‚›¡¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ ¬¸ú 3 982966.48 Other deposits C3 982966.48  
iii „š¸¸¢£¡¸¸¿ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ”ú iii Borrowings of which: D 42387.51  
42387.51
From RBI D1 5000.00  
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ¬¸½ ”ú1 5000.00 From banks D2 0.00  
¤¸ÿˆÅ¸Ê ¬¸½ ”ú2 0.00 From other institutions & D3 515.98
 
‚›¡¸ ¬¸¿¬˜¸¸›¸¸Ê ‡¨¸¿ ‡]¸Ê¢¬¸¡¸¸Ê ¬¸½ ”ú3 515.98 agencies
¤¸¸Áµ”¬¸ ‡¨¸¿ ¢”¤¸Ê\¸£ œ¸»¿]¸ú ¢¥¸‰¸÷¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ”ú4 36057.00 Borrowings in the form of D4 36057.00
„š¸¸¢£¡¸¸¿, ¢]¸¬¸Ÿ¸Ê ¬¸½ bonds & debentures capital
instruments of which:
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ ¬¸½ œ¸»¨¸Ä ‡’ú1 í½÷¸º œ¸¸°¸ ”ú4(‡) 0.00 Eligible for AT1 before regulatory D4(a) 0.00
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸ ¬¸½ œ¸»¨¸Ä ’ú¡¸£ II ”ú4(¤¸ú) 26057.00 adjustments
í½÷¸º œ¸¸°¸ Eligible for Tier 2 before D4(b) 26057.00
iv ‚›¡¸ ™½¡¸÷¸¸‡¿ ‚¸¾£ œÏ¸¨¸š¸¸›¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ƒÄ regulatory adjustments
62874.64
Other Liabilities and Provision E 62874.64
¬¸¸‰¸ ¬¸¿¤¸¿š¸ú ”ú’ú‡¥¸ ƒÄ2 0.00 iv  
of which
‚Ÿ¸»÷¸Ä ‚¸¦¬÷¸¡¸¸Ê ¬¸¿¤¸¿š¸ú ”ú’ú‡¥¸ ƒÄ3 0.00 DTLs related to Goodwill E2 0.00
ˆºÅ¥¸ 1966650.13 DTLs related to Intangible E3 0.00
Assets
‰¸ ‚¸¦¬÷¸¡¸¸¿ Total 1966650.13
i ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ Ÿ¸Ê ›¸ˆÅ™ ‡¨¸¿ ‰¸¸÷¸¸ ©¸½«¸ ‡ûÅ 103536.85 B Assets  
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ Ÿ¸Ê ›¸ˆÅ™ ‡¨¸¿ ‰¸¸÷¸¸ ©¸½«¸ ‡ûÅ 128824.82 Cash and Bank Balance with F 103536.85
i  
Reserve Bank of India
ii ¤¸ÿœÏ¸œ¡¸
ˆÅ¸Ê Ÿ¸Ê ©¸½«¸ ‚¸¾£ Ÿ¸¸¿Š¸ ÷¸˜¸¸ ‚¥œ¸ ¬¸»\¸›¸¸ œ¸£ ]¸ú 592.49 Cash and Bank Balance with F 128824.82
š¸›¸  
Reserve Bank of India
¢›¸¨¸½©¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ‡\¸ 681116.45 Balance with banks and money G 592.49
ii  
at call and short notice
¬¸£ˆÅ¸£ú œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ ‡\¸ 1 611141.69 Investments of which: H 681116.45  
‚›¡¸ ‚›¸ºŸ¸¸½¢™÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸¿ ‡\¸ 2 0.00 Government Securities H1 611141.69  
Other Approved Securities H2 0.00  
©¸½¡¸¬¸Ä ‡\¸ 3 2926.13
Shares H3 2926.13  
¢”¤¸Ê\¸£ ‡¨¸¿ ¤¸¸Áµ” ‡\¸ 4 49852.30 Debentures and Bonds H4 49852.30  
¬¸í¸¡¸ˆÅ/¬¸¿¡¸ºÆ÷¸ „Ô¸Ÿ¸ ‡\¸ 5 734.21 Subsidiaries/Joint Ventures H5 734.21  

160
Jeeef<e&keÀ efjHeesì& 2020-21

œÏˆÅ¸¢©¸÷¸ ¢¨¸î¸ú¡¸ ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å Balance sheet

Under regula-
¬¸¿™ž¸Ä as in published
¢¨¸¨¸£¢µ¸¡¸¸Ê ˆ½Å ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ™¸¡¸£½     Ref. No. tory scope of
ÇÅŸ¸¸¿ˆÅ financial state-
‚›¸º¬¸¸£ ÷¸º¥¸›¸œ¸°¸ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ments
consolidation

31.03.2021 ˆÅ¸½ 31.03.2021 ˆÅ¸½     As on 31.03.2021 As on 31.03.2021

Others(Mutual Funds, CoDs, H6 16462.11
iii ‚›¡¸ (Ÿ¡¸º\¸º‚¥¸ û¿Å”, ¬¸ú‚¸½”ú, ‡\¸ 6 16462.11 iii  
‚¸£‚¸ƒÄ”ú‡ûÅ, œ¸ú’ú¬¸ú) RIDF, PTCs)
Loans and Advances of which: I 1024051.67  
†µ¸ ‚¸¾£ ‚¢ŠÏŸ¸ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ‚¸ƒÄ 1024051.67 Loans and Advances to banks I1 4.75  
¤¸ÿˆÅ¸Ê ˆÅ¸½ †µ¸ ‚¸¾£ ‚¢ŠÏŸ¸ ‚¸ƒÄ 1 4.75 Loan and Advances to I2 1024046.92
iv  
iv ŠÏ¸íˆÅ¸Ê ˆÅ¸½ †µ¸ ‚¸¾£ ‚¢ŠÏŸ¸ ‚¸ƒÄ 2 1024046.92 Customers
v Fixed Assets J 16740.02  
v ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸¿ ]¸½ 16740.02 Other Assets of which: K 115324.69  
‚›¡¸ ‚¸¦¬÷¸¡¸¸¿ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ˆ½Å 115324.69 Goodwill and Intangible Assets K1 332.40
¬¸¸‰¸ ‚¸¾£ ‚Ÿ¸»÷¸Ä ‚¸¦¬÷¸¡¸¸¿ ¢]¸¬¸Ÿ¸Ê ¬¸½ À ˆ½Å 1 332.40 out of which
Goodwill K1(a) 0.00
¬¸¸‰¸ ˆ½Å 1(‡) 0.00
Other Intangibles (Excluding K1(b) 332.40
‚›¡¸ ‚Ÿ¸»÷¸Ä (‡Ÿ¸‡¬¸‚¸£ ˆ½Å ‚¢÷¸¢£Æ÷¸) ˆ½Å 1(¤¸ú ) 332.40 MSRs)
¢›¸¨¸¥¸ ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸¿ ˆ½Å1 (¬¸ú ) 29081.09 Net Deferred Tax Assets K1 (c) 29081.09
vi ‚œ¸¢£©¸¸½¢š¸÷¸ œ¸Ê©¸›¸ ˆ½Å1 (”ú ) 0.00 vi Unamortised Pension K 1 (d) 0.00  
vii Goodwill on Consolidation L 0.00  
vii ¬¸Ÿ¸½ˆÅ›¸ œ¸£ ¬¸¸‰¸ ‡¥¸ 0.00
Debit Balance in Profit and M
¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ›¸¸Ÿ¸½ ©¸½«¸ ‡Ÿ¸ 0.00 0.00
Loss Account
ˆºÅ¥¸ ‚¸¦¬÷¸¡¸¸¿ 1966650.13 Total Assets 1966650.13

Step 3
\¸£µ¸ 3
¤¸½¬¸¥¸ III ¬¸¸Ÿ¸¸›¡¸ œÏˆÅ’›¸ ’½Ÿœ¸¥¸½’ ¬¸¸£ (]¸¸½”õ½ Š¸‡ ˆÅ¸Á¥¸Ÿ¸ ¬¸¢í÷¸) - ”ú‡ûÅ 11 Extract of Basel III common disclosure template (with added column) – DF 11
Common Equity Tier 1 capital: instruments and reserves
¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú ’ú¡¸£ I œ¸»¿]¸ú À ¢¥¸‰¸÷¸Ê ‚¸¾£ ‚¸£¢®¸¢÷¸¡¸¸¿
Source based
\¸£µ¸ 2 ˆ½Å on reference
¬¸Ÿ¸½ˆÅ›¸ ˆ½Å numbers/
Component
letter s of
¤¸ÿˆÅ ׸£¸ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ of regula-
the balance
¢£œ¸¸½’Ä ˆÅú Š¸ƒÄ ™¸¡¸£½ ˆ½Å ‚¿÷¸Š¸Ä÷¸     tory capital
sheet under
reported by
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ œ¸»¿]¸ú ÷¸º¥¸›¸œ¸°¸ ˆ½Å bank
the regula-
¬¸¿¢Ÿ¸ª œ¸°¸¸Ê/ ¬¸¿™ž¸Ä tory scope of
consolidation
ÇÅŸ¸¸¿ˆÅ¸Ê œ¸£ from step 2
‚¸š¸¸¢£÷¸ 踸½÷¸
Directly issued qualifying com- 66551.09 A1+B1
¬¸¿¤¸¿¢š¸÷¸ ¬’¸ÁˆÅ ‚¢š¸©¸½«¸ ¬¸¢í÷¸ œÏ÷¡¸®¸ 66551.09 ‡1+¤¸ú1 mon share (and equivalent for
1
1 ]¸¸£ú œ¸¸°¸ ¬¸¸Ÿ¸¸›¡¸ ©¸½¡¸£ œ¸»¿]¸ú (‚¸¾£ Š¸¾£- non-joint stock companies) capi-
¬¸¿¡¸ºÆ÷¸ ¬’¸ÁˆÅ ˆ¿Åœ¸¢›¸¡¸¸Ê ˆ½Å ¬¸Ÿ¸³Åœ¸) tal plus related stock surplus

2 £¸½ˆÅú Š¸ƒÄ ‚¸¡¸ 521.60 ¤¸ú 8 (‡) 2 Retained earnings 521.60 B8(a)

‚›¡¸ ¬¸Ÿ¸¸¢¨¸«’ ‚¸¡¸ ¬¸¿\¸¡¸ú 43759.22 ¤¸ú2 + ¤¸ú3 + ¤¸ú4 Accumulated other comprehen- 43759.22 B2+B3+B4+
3
sive income B5 +B6(a)+B10
3 + ¤¸ú5 + ¤¸ú6(‡)
+ ¤¸ú10 Directly issued capital subject 0.00
4 to phase out from CET1 (only to
¬¸úƒÄ’ú 1 ¬¸½ û½Å]¸ ‚¸„’ ˆ½Å ‚š¸ú›¸ œÏ÷¡¸®¸ 0.00 non-joint stock co)
4 ]¸¸£ú œ¸»¿]¸ú (ˆ½Å¨¸¥¸ Š¸¾£-¬¸¿¡¸ºÆ÷¸ ¬’¸ÁˆÅ Common share capital issued 0.00
ˆ¿Åœ¸¢›¸¡¸¸Ê í½÷¸º ¥¸¸Š¸») by subsidiaries and held by
5
¬¸í¸¡¸ˆÅ ˆ¿Åœ¸¢›¸¡¸¸Ê ׸£¸ ]¸¸£ú ‚¸¾£ ÷¸¼÷¸ú¡¸ 0.00 third parties (amount allowed in
group CET1)
5 œ¸®¸¸Ê ׸£¸ š¸¸¢£÷¸ ¬¸¸Ÿ¸¸›¡¸ ©¸½¡¸£ œ¸»¿]¸ú
(¬¸úƒÄ’ú 1 ¬¸Ÿ¸»í Ÿ¸Ê ‚›¸ºŸ¸÷¡¸ £¸¢©¸) Common Equity Tier 1 capi- 110831.91
6 tal before regulatory adjust-
¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸¸¡¸¸½]¸›¸¸Ê ¬¸½ œ¸»¨¸Ä 110831.91 ments
6
¬¸¸Ÿ¸¸›¡¸ ƒÄ¦Æ¨¸’ú ’ú¡¸£ I œ¸»¿]¸ú DTA associated with timing dif- 10189.89
¬¸Ÿ¸¡¸ ‚¿÷¸£¸Ê ˆ½Å ¬¸¸˜¸ ]¸º”õ½ ”ú’ú‡ ˆÅ¸½ 10189.89 ferences (max up to 10% of
CET) included in CET 1
(¬¸úƒÄ’ú 1 ˆ½Å ‚¢š¸ˆÅ÷¸Ÿ¸ 10% ÷¸ˆÅ)
¬¸úƒÄ’ú 1 Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ 7 Prudential valuation adjust- 0.00
ments
7 ¢¨¸¨¸½ˆÅœ¸»µ¸Ä Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¬¸Ÿ¸¸¡¸¸½]¸›¸ 0.00
8 Goodwill (net of related tax li- 0.00
8 ¬¸¸‰¸ (¬¸¿¤¸¿¢š¸÷¸ ˆÅ£ ™½¡¸÷¸¸ ˆ½Å ¤¸¸™) 0.00 ability)

161
 Annual Report 2020-21

”ú‡ûÅ-13 ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ œ¸»¿]¸ú ¢¥¸‰¸÷¸¸½¿ ˆÅú Ÿ¸º‰¡¸ ¦¨¸©¸½«¸÷¸¸‡¿   DF-13: Main Features of the Regulatory Capital Instruments

¤¸ÿˆ Å‚¸ÁûÅ ¤¸ÿˆ Å‚¸ÁûÅ ¤¸ÿˆ Å‚¸ÁûÅ ¤¸ÿˆ Å‚¸ÁûÅ ¤¸ÿˆ Å‚¸ÁûÅ ¤¸ÿˆ Å‚¸ÁûÅ
1 ]¸¸£úˆÅ÷¸¸Ä Ÿ¸í¸£¸«’ï Ÿ¸í¸£¸«’ï Ÿ¸í¸£¸«’ï Ÿ¸í¸£¸«’ï Ÿ¸í¸£¸«’ï Ÿ¸í¸£¸«’ï
Issuer Bank of Bank of Bank of Bank of Bank of Bank of
Maharashtra Maharashtra Maharashtra Maharashtra Maharashtra Maharashtra
¢¨¸¢©¸«’ œ¸í\¸¸›¸ ˆÅ÷¸¸Ä ‚˜¸¸Ä÷¸ (]¸¾¬¸½ ¢›¸]¸ú ¬˜¸¸œ¸›¸ í½÷¸º
2 Æ¡¸»¢¬¸œ¸, ‚¸ƒÄ‡¬¸‚¸ƒÄ‡›¸ ‚˜¸¨¸¸ ¤¥¸»Ÿ¸¤¸Š¸Ä œ¸í\¸¸›¸ˆÅ÷¸¸Ä) INE457A09199 INE457A08035 INE457A08050 INE457A08068 INE457A08076 INE457A08084
Unique identifier (e.g. CUSIP, ISIN or Bloomberg
identifier for private placement)

3 ¢¥¸‰¸÷¸ í½÷¸º ©¸¸¬¸ˆÅú¡¸ ¢›¸¡¸Ÿ¸ ž¸¸£÷¸ú¡¸ ˆÅ¸›¸»›¸ ž¸¸£÷¸ú¡¸ ˆÅ¸›¸»›¸ ž¸¸£÷¸ú¡¸ ˆÅ¸›¸»›¸ ž¸¸£÷¸ú¡¸ ˆÅ¸›¸»›¸ ž¸¸£÷¸ú¡¸ ˆÅ¸›¸»›¸ ž¸¸£÷¸ú¡¸ ˆÅ¸›¸»›¸
Governing law(s) of the instrument Indian Laws Indian Laws Indian Laws Indian Laws Indian Laws Indian Laws

¢›¸¡¸¸Ÿ¸ˆÅ œÏ¢÷¸œ¸¸™›¸
Regulatory treatment

4 œ¸¢£¨¸÷¸úÄ ¤¸½¬¸¥¸ III ¢›¸¡¸Ÿ¸ ’ú¡¸£ II ¤¸¸Áµ”¬¸ ’ú¡¸£ II ¤¸¸Áµ”¬¸ ’ú¡¸£ II ¤¸¸Áµ”¬¸ ’ú¡¸£ II ¤¸¸Áµ”¬¸ ’ú¡¸£ II ¤¸¸Áµ”¬¸ ’ú¡¸£ II ¤¸¸Áµ”¬¸
Transitional Basel III rules Tier II Bonds Tier II Bonds Tier II Bonds Tier II Bonds Tier II Bonds Tier II Bonds

5 „ œ¸¢£¨¸÷¸úÄ ¤¸½¬¸¥¸ III ¢›¸¡¸Ÿ¸ ‚œ¸¸°¸ œ¸¸°¸ œ¸¸°¸ œ¸¸°¸ œ¸¸°¸ œ¸¸°¸
Post-transitional Basel III rules Ineligible Eligible Eligible Eligible Eligible Eligible

6 ‡ˆÅ¥¸/¬¸Ÿ¸»í/‡ˆÅ¥¸ ‡¨¸¿ ¬¸Ÿ¸»íŸ¸Ê œ¸¸°¸ ‡ˆÅ¥¸ ‡ˆÅ¥¸ ‡ˆÅ¥¸ ‡ˆÅ¥¸ ‡ˆÅ¥¸ ‡ˆÅ¥¸
Eligible at solo/group/ group & solo Solo Solo Solo Solo Solo Solo
Š¸¸¾µ¸ ’ú¡¸£ II †µ¸ Š¸¸¾µ¸ ’ú¡¸£ II †µ¸ Š¸¸¾µ¸ ’ú¡¸£ II †µ¸ Š¸¸¾µ¸ ’ú¡¸£ II †µ¸ Š¸¸¾µ¸ ’ú¡¸£ II †µ¸
’ú¡¸£ II -†µ¸
¢¥¸‰¸÷¸ ˆÅ¸ œÏˆÅ¸£ ¢¥¸‰¸÷¸ ¢¥¸‰¸÷¸ ¢¥¸‰¸÷¸ ¢¥¸‰¸÷¸ ¢¥¸‰¸÷¸
7 ¢¥¸‰¸÷¸
Subordinated Subordinated Subordinated Subordinated Subordinated
Instrument type Tier II-Debt
Tier II-Debt Tier II-Debt Tier II-Debt Tier II-Debt Tier II-Debt
Instruments
Instruments Instruments Instruments Instruments Instruments

8 ˆºÅ¥¸ ]¸¸£ú £¸¢©¸ (£¸¢©¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸½¿) 10000 5000 6000 2007 2050 1000
Total Issued Amount (Amount in ` million)
¢¨¸¢›¸¡¸¸Ÿ¸ œ¸»¿]¸ú ˆ½Å ³Åœ¸ Ÿ¸½¿ œ¸í\¸¸›¸ú Š¸ƒÄ £¸¢©¸ (í¸¥¸ ˆÅú
¢£œ¸¸½¢’ôŠ¸ ¢™›¸¸¿ˆÅ ˆÅ¸½ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸½¿) 1000 5000 6000 2007 2050 1000
Of which : Amount recognised in regulatory capital
(` in million, as of most recent reporting date)

9 ¢¥¸‰¸÷¸ ˆÅ¸ ¬¸Ÿ¸Ÿ¸»¥¡¸ (` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) 1 1 1 1 1 1

Par value of instrument (` in million)
™½¡¸÷¸¸-„š¸¸¢£¡¸¸¿ ™½¡¸÷¸¸-„š¸¸¢£¡¸¸¿ ™½¡¸÷¸¸-„š¸¸¢£¡¸¸¿ ™½¡¸÷¸¸-„š¸¸¢£¡¸¸¿ ™½¡¸÷¸¸-„š¸¸¢£¡¸¸¿ ™½¡¸÷¸¸-„š¸¸¢£¡¸¸¿
10 ¥¸½‰¸¸ ¨¸Š¸úĈţµ¸ Liability- Liability- Liability- Liability- Liability- Liability-
Accounting classification
borrowing borrowing borrowing borrowing borrowing borrowing

11 ]¸¸£ú ˆÅ£›¸½ ˆÅ¸ Ÿ¸»¥¸ ¢™›¸¸¿ˆÅ 31.12.2012 27.06.2016 06.03.2020 14.12.2020 11.02.2021 23.03.2021
Original date of issuance

12 ¢›¸£¿÷¸£ ‚˜¸¨¸¸ ¢™›¸¸¿¢ˆÅ÷¸ ¢™›¸¸¿¢ˆÅ÷¸ ¢™›¸¸¿¢ˆÅ÷¸ ¢™›¸¸¿¢ˆÅ÷¸ ¢™›¸¸¿¢ˆÅ÷¸ ¢™›¸¸¿¢ˆÅ÷¸ ¢™›¸¸¿¢ˆÅ÷¸

Perpetual or dated Dated Dated Dated Dated Dated Dated

13 Ÿ¸»¥¸ œ¸¢£œ¸Æ¨¸÷¸¸ ¢™›¸¸¿ˆÅ 31.12.2022 27.09.2026 06.03.2030 12.12.2030 11.02.2031 23.03.2031

Original maturity date

14 œ¸»¨¸Ä œ¸¡¸Ä¨¸½®¸ú ‚›¸ºŸ¸¸½™›¸ ‚š¸ú›¸ ]¸¸£úˆÅ÷¸¸Ä ˆÅ¸Á¥¸ ›¸íú¿ ›¸íú¿ ›¸íú¿ ›¸íú¿ ›¸íú¿ ›¸íú¿
Issuer call subject to prior supervisory approval No No No No No No
¨¸¾ˆÅ¦¥œ¸ˆÅ ˆÅ¸Á¥¸ ¢™›¸¸¿ˆÅ, ‚¸ˆÅ¦¬Ÿ¸ˆÅ ˆÅ¸Á¥¸ ¢™›¸¸¿ˆÅ ‚¸¾£
15 Ÿ¸¸½\¸›¸ £¸¢©¸ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿
Optional call date, contingent call dates and NA NA NA NA NA NA
redemption amount

16 ÷¸™ºœ¸£¸¿÷¸ ˆÅ¸Á¥¸ ¢™›¸¸¿ˆÅ, ¡¸¢™ ¥¸¸Š¸» í¸½ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿
Subsequent call dates, if applicable NA NA NA NA NA NA

ˆ»Åœ¸›¸ / ¥¸¸ž¸¸¿©¸
Coupons / dividends

17 ¦¬˜¸£ ‚˜¸¨¸¸ ‚¦¬˜¸£ ¥¸¸ž¸¸¿©¸ / ˆ»Åœ¸›¸ ¦¬˜¸£ ¦¬˜¸£ ¦¬˜¸£ ¦¬˜¸£ ¦¬˜¸£ ¦¬˜¸£
Fixed or floating dividend/coupon Fixed Fixed Fixed Fixed Fixed Fixed

18 ˆ»Åœ¸›¸ ™£ ‚¸¾£ ¬¸¿¤¸¿¢š¸÷¸ ˆÅ¸½ƒÄ ¬¸»\¸ˆÅ¸¿ˆÅ 9.00% ¨¸¸¢«¸ÄˆÅ 9.20% ¨¸¸¢«¸ÄˆÅ 8.70% ¨¸¸¢«¸ÄˆÅ 7.75% ¨¸¸¢«¸ÄˆÅ 8.00% ¨¸¸¢«¸ÄˆÅ 8.00% ¨¸¸¢«¸ÄˆÅ
Coupon rate and any related index 9.00% pa 9.20% pa 8.70% pa 7.75% pa 8.00% pa 8.00% pa

162
Jeeef<e&keÀ efjHeesì& 2020-21

19 ¥¸¸ž¸¸¿©¸ ¬’¸Áœ¸£ ˆÅú „œ¸¦¬˜¸¢÷¸ í¸¿ ›¸íú¿ í¸¿ í¸¿ ›¸íú¿ í¸¿
Existence of a dividend stopper Yes No Yes Yes No Yes
œ¸»µ¸Ä÷¸À ¢¨¸¨¸½ˆÅ¸š¸ú›¸ / ‚¿©¸÷¸À ¢¨¸¨¸½ˆÅ¸š¸ú›¸ ‚˜¸¨¸¸ ‚¢›¸¨¸¸¡¸Ä œ¸»µ¸Ä ¢¨¸¨¸½ˆÅ¸š¸ú›¸ œ¸»µ¸Ä ¢¨¸¨¸½ˆÅ¸š¸ú›¸ œ¸»µ¸Ä ¢¨¸¨¸½ˆÅ¸š¸ú›¸ œ¸»µ¸Ä ¢¨¸¨¸½ˆÅ¸š¸ú›¸ œ¸»µ¸Ä ¢¨¸¨¸½ˆÅ¸š¸ú›¸
20 ‚¢›¸¨¸¸¡¸Ä
Fully discretionary, partially discretionary or Full Full Full Full Full
Mandatory
mandatory Discretionary Discretionary Discretionary Discretionary Discretionary
„›Ÿ¸¸½\¸›¸ í½÷¸º ˆÅ¸½¢’„››¸¡¸›¸ ‚˜¸¨¸¸ ‚›¡¸ œÏ¸½÷¬¸¸í›¸ ˆÅú
21 ›¸íú¿ ›¸íú¿ ›¸íú¿ ›¸íú¿ ›¸íú¿ ›¸íú¿
„œ¸¥¸¤š¸÷¸¸ No No No No No No
Existence of step up or other incentive to redeem
‚¬¸¿\¸¡¸ú ‚¬¸¿\¸¡¸ú ‚¬¸¿\¸¡¸ú ‚¬¸¿\¸¡¸ú ‚¬¸¿\¸¡¸ú ‚¬¸¿\¸¡¸ú
22 ‚¬¸¿\¸¡¸ú ‚˜¸¨¸¸ ¬¸¿\¸¡¸ú Non Non Non Non Non Non
Noncumulative or cumulative
Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative
‚œ¸¢£¨¸÷¸Ä›¸ú¡¸ ‚œ¸¢£¨¸÷¸Ä›¸ú¡¸ ‚œ¸¢£¨¸÷¸Ä›¸ú¡¸ ‚œ¸¢£¨¸÷¸Ä›¸ú¡¸ ‚œ¸¢£¨¸÷¸Ä›¸ú¡¸ ‚œ¸¢£¨¸÷¸Ä›¸ú¡¸
23 œ¸¢£¨¸÷¸Ä›¸ú¡¸ ‚˜¸¨¸¸ ‚œ¸¢£¨¸÷¸Ä›¸ú¡¸ Non Non Non Non Non Non
Convertible or non-convertible
Convertible Convertible Convertible Convertible Convertible Convertible

24 ¡¸¢™ œ¸¢£¨¸÷¸Ä›¸ú¡¸ ÷¸¸½ œ¸¢£¨¸÷¸Ä›¸ „÷œÏ½£ˆÅ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿
If convertible, conversion trigger (s) NA NA NA NA NA NA

25 ¡¸¢™ œ¸¢£¨¸÷¸Ä›¸ú¡¸ ÷¸¸½ œ¸»µ¸Ä÷¸À ‚˜¸¨¸¸ ‚¸¿¢©¸ˆÅ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿
If convertible, fully or partially NA NA NA NA NA NA

26 ¡¸¢™ œ¸¢£¨¸÷¸Ä›¸ú¡¸, œ¸¢£¨¸÷¸Ä›¸ ™£ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿
If convertible, conversion rate NA NA NA NA NA NA

27 ¡¸¢™ œ¸¢£¨¸÷¸Ä›¸ú¡¸ ÷¸¸½ ‚¢›¸¨¸¸¡¸Ä ‚˜¸¨¸¸ ¨¸¾ˆÅ¦¥œ¸ˆÅ œ¸¢£¨¸÷¸Ä›¸ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿
If convertible, mandatory or optional conversion NA NA NA NA NA NA
¡¸¢™ œ¸¢£¨¸÷¸Ä›¸ú¡¸ ÷¸¸½ ¡¸í ¬¨¸³Åœ¸ ¢]¸¬¸Ÿ¸Ê ¢¥¸‰¸÷¸ œ¸¢£¨¸¢÷¸Ä÷¸
28 íº‚¸ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿
If convertible, specify instrument type convertible NA NA NA NA NA NA
into
¡¸¢™ œ¸¢£¨¸÷¸Ä›¸ú¡¸ ¢¥¸‰¸÷¸ ¢]¸¬¸Ÿ¸Ê œ¸¢£¨¸¢÷¸Ä÷¸ íº‚¸, ˆ½Å
29 ]¸¸£úˆÅ÷¸¸Ä ˆÅ¸ „¥¥¸½‰¸ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿
If convertible, specify issuer of instrument it NA NA NA NA NA NA
converts into

30 ‚¨¸¥¸½‰¸›¸ ¢¨¸©¸½«¸÷¸¸ í¸¿ ›¸íú¿ í¸¿ í¸¿ ›¸íú¿ í¸¿

Write-down feature Yes No Yes Yes No Yes
‚®¸Ÿ¸÷¸¸ ˆÅ¸ ‚®¸Ÿ¸÷¸¸ ˆÅ¸ ‚®¸Ÿ¸÷¸¸ ˆÅ¸ ‚®¸Ÿ¸÷¸¸ ˆÅ¸ ‚®¸Ÿ¸÷¸¸ ˆÅ¸
31 ¡¸¢™ ‚¨¸¥¸½‰¸›¸ íº‚¸ ÷¸¸½ ‚¨¸¥¸½‰¸›¸ ˆ½Å „÷œÏ½£ˆÅ ¥¸¸Š¸» ›¸íú¿ œÏ¸£¿¢ž¸ˆÅ ¢¤¸¿™º œÏ¸£¿¢ž¸ˆÅ ¢¤¸¿™º œÏ¸£¿¢ž¸ˆÅ ¢¤¸¿™º œÏ¸£¿¢ž¸ˆÅ ¢¤¸¿™º œÏ¸£¿¢ž¸ˆÅ ¢¤¸¿™º
If write-down, write-down trigger(s) NA Point of Non- Point of Non- Point of Non- Point of Non- Point of Non-
viability trigger viability trigger viability trigger viability trigger viability trigger

32 ¡¸¢™ ‚¨¸¥¸½‰¸›¸ íº‚¸ ÷¸¸½ œ¸»µ¸Ä÷¸À ‚˜¸¨¸¸ ‚¸¿¢©¸ˆÅ ¥¸¸Š¸» ›¸íú¿ œ¸»µ¸Ä œ¸»µ¸Ä œ¸»µ¸Ä ¥¸¸Š¸» ›¸íú¿ œ¸»µ¸Ä
If write-down, full or partial NA Full Full Full NA Full

33 ¡¸¢™ ‚¨¸¥¸½‰¸›¸ íº‚¸ ÷¸¸½ ¬˜¸¸¡¸ú ‚˜¸¨¸¸ ‚¬˜¸¸¡¸ú ¥¸¸Š¸» ›¸íú¿ ¬˜¸¸¡¸ú ¬˜¸¸¡¸ú ¬˜¸¸¡¸ú ¬˜¸¸¡¸ú ¬˜¸¸¡¸ú
If write-down, permanent or temporary NA Permanent Permanent Permanent Permanent Permanent
¡¸¢™ ‚¬˜¸¸¡¸ú ‚¨¸¥¸½‰¸›¸ ÷¸¸½ ‚¨¸¥¸½‰¸›¸ ÷¸¿°¸ ˆÅ¸ ¤¡¸¸¾£¸
34 ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿
If temporary write-down, description of write-up
NA NA NA NA NA NA
mechanism
¤¸ÿˆÅ ˆ½Å ‚›¡¸ ¬¸ž¸ú ¤¸ÿˆÅ ˆ½Å ‚›¡¸ ¬¸ž¸ú ¤¸ÿˆÅ ˆ½Å ‚›¡¸ ¬¸ž¸ú ¤¸ÿˆÅ ˆ½Å ‚›¡¸ ¬¸ž¸ú ¤¸ÿˆÅ ˆ½Å ‚›¡¸ ¬¸ž¸ú ¤¸ÿˆÅ ˆ½Å ‚›¡¸ ¬¸ž¸ú
œ¸¢£¬¸Ÿ¸¸œ¸›¸ Ÿ¸Ê Š¸¸¾µ¸ ¨¸¢£«“÷¸¸ ˆÅú ¦¬˜¸¢÷¸ (÷¸÷ˆÅ¸¥¸ ¨¸¢£«“ ]¸Ÿ¸¸ˆÅ÷¸¸Ä ‚¸¾£ ]¸Ÿ¸¸ˆÅ÷¸¸Ä ‚¸¾£ ]¸Ÿ¸¸ˆÅ÷¸¸Ä ‚¸¾£ ]¸Ÿ¸¸ˆÅ÷¸¸Ä ‚¸¾£ ]¸Ÿ¸¸ˆÅ÷¸¸Ä ‚¸¾£ ]¸Ÿ¸¸ˆÅ÷¸¸Ä ‚¸¾£
¢¥¸‰¸÷¸ ˆÅ¸ ¬¨¸³Åœ¸ ¢¨¸¢›¸Ä¢™Ä«’ ˆÅ£Ê) ¥¸½›¸™¸£ ¥¸½›¸™¸£ ¥¸½›¸™¸£ ¥¸½›¸™¸£ ¥¸½›¸™¸£ ¥¸½›¸™¸£
35 Position in subordination hierarchy in liquidation All other All other All other All other All other All other
(specify instrument type immediately senior to Depositors and Depositors and Depositors and Depositors and Depositors and Depositors and
instrument) Creditors of the Creditors of the Creditors of the Creditors of the Creditors of the Creditors of the
Bank Bank Bank Bank Bank Bank

36 Š¸¾£-‚›¸ºœ¸¸¢¥¸÷¸ œ¸¢£¨¸÷¸úÄ ¢¨¸©¸½«¸÷¸¸‡¿ í¸¿ ›¸íú¿ ›¸íú¿ ›¸íú¿ ›¸íú¿ ›¸íú¿

Non-compliant transitioned features Yes No No No No No
í¸¢›¸ ¨¸í›¸ú¡¸
‚Š¸£ í¸¿ ÷¸¸½ Š¸¾£-‚›¸ºœ¸¸¥¸›¸ ¢¨¸©¸½«¸÷¸¸‚¸Ê ˆÅ¸ „¥¥¸½‰¸ ˆÅ£Ê ¢¨¸©¸½«¸÷¸¸ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿ ¥¸¸Š¸» ›¸íú¿
37 Loss-
If yes, specify non-compliant features NA NA NA NA NA
absorption
feature

163
 Annual Report 2020-21

¬¸¸£µ¸ú À ”ú‡ûÅ-14 À œ¸»¿]¸ú ¢¥¸‰¸÷¸¸Ê ˆÅú œ¸»µ¸Ä ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ©¸÷¸½Ä ‡¨¸¿ ¢›¸¤¸¿š¸›¸ TABLE DF 14 – FULL TERMS AND CONDITIONS OF
REGULATORY CAPITAL INSTRUMENTS
”ú‡ûÅ 14 ¤¸ÿˆÅ ˆÅú ¨¸½¤¸ ¬¸¸ƒÄ’ www.bankofmaharashtra.in ˆÅú ¤¸½¬¸¥¸ III œÏˆÅ’›¸ DF 14 is available on the Bank’s website www.bankofmaharashtra.in
Ÿ¸™ ˆ½Å ‚¿÷¸Š¸Ä÷¸ „œ¸¥¸¤š¸ í¾— under the line “Basel III Disclosures”

TABLE DF – 15: DISCLOSURE REQUIREMENT FOR

¬¸¸£µ¸ú À ”ú‡ûÅ-15 À œ¸¸¢£ª¢Ÿ¸ˆÅ í½÷¸º œÏˆÅ’›¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‡¿ REMUNERATION

Ÿ¸¸°¸¸÷Ÿ¸ˆÅ ‡¨¸¿ Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸ À ¥¸¸Š¸» ›¸íú. Quantitative and Qualitative Disclosures: Not Applicable

¬¸¸£µ¸ú À ”ú‡ûÅ-16 À ƒ¦Æ¨¸’ú À ¤¸ÿˆÅ ¤¸¢í ¦¬˜¸¢÷¸ í½÷¸º œÏˆÅ’›¸ TABLE DF – 16: EQUITIES: DISCLOSURE FOR BANKING BOOK
POSITIONS
Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸À
Qualitative Disclosure:
ƒ¦Æ¨¸’ú ]¸¸½¢‰¸Ÿ¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ‚¸¨¸©¡¸ˆÅ ¬¸¸Ÿ¸¸›¡¸ Š¸ºµ¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸—
General qualitative disclosure requirement with respect to Equity Risk.
• •¢›¸¨¸½©¸ ¨¸Š¸úĈţµ¸ ‡¨¸¿ Ÿ¸»¥¡¸¸¿ˆÅ›¸ œ¸£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ÷¸˜¸¸ ¤¸ÿˆÅ ˆÅú ¢›¸¨¸½©¸ • In accordance with RBI guidelines and in line with Bank’s
œÏ¤¸¿š¸›¸ ›¸ú¢÷¸ ˆ½Å ‚›¸º³Åœ¸ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ÇÅ¡¸ ˆÅú ÷¸¸£ú‰¸ œ¸£ ¢›¸¨¸½©¸¸Ê Investment Management Policy on investment classification and
ˆÅ¸ ¨¸Š¸úĈţµ¸ `’ï½¢”¿Š¸ ˆ½Å ¢¥¸‡ š¸¸¢£÷¸' (‡\¸‡ûÅ’ú), `¢¨¸ÇÅ¡¸ í½÷¸º „œ¸¥¸¤š¸' valuation, Investments are classified on the date of purchase into
(‡‡ûҬ¸) ÷¸˜¸¸ `œ¸¢£œ¸Æ¨¸÷¸¸ ˆ½Å ¢¥¸‡ š¸¸¢£÷¸' (‡\¸’ú‡Ÿ¸) ª½¢µ¸¡¸¸Ê Ÿ¸Ê ¢ˆÅ¡¸¸ ]¸¸÷¸¸ “Held for Trading” (HFT), “Available for Sale” (AFS) and “Held to
í¾— œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ ˆÅ£›¸½ í½÷¸º ¤¸ÿˆÅ ˆ½Å œÏ¡¸¸½]¸›¸ ˆ½Å ¢›¸¨¸½©¸¸Ê ˆÅ¸½ ‡\¸’ú‡Ÿ¸ Maturity” (HTM) categories. Investments which Bank intends to
œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— hold till maturity are classified as HTM securities.
• Investments in equity of subsidiaries and joint ventures are
• ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸›¸º¬¸¸£ ¬¸í¸¡¸ˆÅ ‡¨¸¿ ¬¸¿¡¸ºÆ÷¸ ˆ¿Åœ¸¢›¸¡¸¸Ê ˆÅú ƒ¦Æ¨¸’ú
required to classify under HTM category in accordance with RBI
Ÿ¸Ê ¢›¸¨¸½©¸ ˆÅ¸½ ‡\¸’ú‡Ÿ¸ ª½µ¸ú Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ˆÅ£›¸¸ ‚¸¨¸©¡¸ˆÅ í¾— ƒ›íÊ £µ¸¢›¸÷¸úˆÅ ¬¸¿¤¸¿š¸ guidelines. These are held with a strategic objective to maintain
¤¸›¸¸‡ £‰¸›¸½ ‚˜¸¨¸¸ £µ¸¢›¸÷¸úˆÅ ¨¡¸¨¸¬¸¸¡¸ œÏ¡¸¸½]¸›¸ ˆ½Å „™™½©¡¸¸Ê ¬¸½ š¸¸¢£÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ strategic relationships or for strategic business purposes
í¾—
• Investments classified under HTM category are carried at their
• ‡\¸’ú‡Ÿ¸ ª½µ¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¨¸Š¸úĈ¼Å÷¸ ¢›¸¨¸½©¸ „›¸ˆ½Å ‚¢š¸ŠÏíµ¸ ¥¸¸Š¸÷¸ œ¸£ ¢¥¸‡ Š¸¡¸½ acquisition cost and not marked to market. Any diminution,
í¾ ‚¸¾£ „›í½ ¤¸¸]¸¸£ œ¸£ ¢\¸¦›í÷¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ƒ¦Æ¨¸’ú ¢›¸¨¸½©¸¸Ê ˆ½Å Ÿ¸»¥¡¸ Ÿ¸Ê other than temporary, in the value of equity investments is
¢Š¸£¸¨¸’, ‚¬˜¸¸ƒÄ ¢Š¸£¸¨¸’ ˆÅ¸½ Ž¸½”ˆÅ£, ˆÅ¸ œÏ¸¨¸š¸¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾. ‡\¸’ú‡Ÿ¸ ª½µ¸ú provided for. Any loss on sale of investments in HTM category
Ÿ¸Ê ¢›¸¨¸½©¸¸Ê ˆÅú ¢¤¸ÇÅú œ¸£ ¢ˆÅ¬¸ú ž¸ú í¸¢›¸ ˆÅ¸½ ¥¸¸ž¸ ‡¨¸¿ í¸¢›¸ ¢¨¸¨¸£µ¸ Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸ ™ú Š¸ƒÄ is recognized in the Statement of Profit and Loss. Any gain from
sale of investments under HTM category is recognized in the
í¾— ‡\¸’ú‡Ÿ¸ ª½µ¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸¨¸½©¸¸½¿ ˆÅú ¢¤¸ÇÅú ¬¸½ ¢ˆÅ¬¸ú ž¸ú ¥¸¸ž¸ ˆÅ¸½ ¥¸¸ž¸ ‚¸¾£ Statement of Profit and Loss and is appropriated, net of taxes
í¸¢›¸ ¢¨¸¨¸£µ¸ Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸ ™ú Š¸ƒÄ í¾ ÷¸˜¸¸ ƒ¬¸½ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å and statutory reserve, to “Capital Reserve” in accordance with
‚›¸º¬¸£µ¸ Ÿ¸Ê `œ¸»¿]¸ú ‚¸£¢®¸¢÷¸' ˆ½Å œÏ¢÷¸ ¬¸¸¿¢¨¸¢š¸ˆÅ ‚¸£¢®¸¢÷¸ ‚¸¾£ ˆÅ£¸Ê ˆ½Å ¢›¸¨¸¥¸ ˆ½Å the RBI Guidelines.
²Åœ¸ Ÿ¸Ê ¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— • As per RBI guidelines, Bank is allowed to hold investments in
• ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸›¸º¬¸¸£, œÏ¸£¦Ÿž¸ˆÅ 3 ¨¸«¸¸½ô ˆÅú ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ ÷¸˜¸¸ units of Venture Capital Fund (VCF) under Banking Book (HTM
ƒ¬¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¥¸¸Š¸÷¸ œ¸£ Ÿ¸»¥¡¸¸¿¢ˆÅ÷¸ „Ô¸Ÿ¸ œ¸»¿]¸ú ¢›¸¢š¸ (¨¸ú¬¸ú‡ûÅ) ˆ½Å ¡¸»¢›¸’¸Ê category) for initial period of 3 years and valued at cost during
Ÿ¸Ê ¢›¸¨¸½©¸ ˆÅ¸½ ¤¸ÿ¢ˆ¿ÅŠ¸ ¤¸íú (‡\¸’ú‡Ÿ¸ ª½µ¸ú) Ÿ¸Ê š¸¸¢£÷¸ ˆÅ£›¸½ ˆÅú ‚›¸ºŸ¸¢÷¸ í¾— this period.
Quantitative Disclosures
Ÿ¸¸°¸¸÷Ÿ¸ˆÅ œÏˆÅ’›¸
1. Value of Investments
1. ¢›¸¨¸½©¸¸Ê ˆ½Å Ÿ¸»¥¡¸ (Amount in ` million)
(£ˆÅŸ¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê)
Value Publicly Quoted
÷¸º¥¸›¸œ¸°¸ ¬¸¸¨¸Ä]¸¢›¸ˆÅ ³Åœ¸ ¬¸½ „Ö¼÷¸ ©¸½¡¸£ Investments
as per
Fair Value
Share Values (if
„¢\¸÷¸ Balance materially different
¢›¸¨¸½©¸ ˆ½Å ‚›¸º¬¸¸£ Ÿ¸»¥¡¸ (¡¸¢™ „¢\¸÷¸ Ÿ¸»¥¡¸ ¬¸½
Ÿ¸»¥¡¸ Sheet from fair value
Ÿ¸»¥¡¸ ž¸¸¾¢÷¸ˆÅ ³Åœ¸ ¬¸½ ‚¥¸Š¸ íÿ
Unquoted 887.92 887.92 N.A
¢¤¸›¸¸ ž¸¸¨¸ ¨¸¸¥¸½ 887.92 887.92 ¥¸¸Š¸» ›¸íú¿
Quoted 0.00 0.00 N.A
ž¸¸¨¸ ¨¸¸¥¸½ ©¸»›¡¸ ©¸»›¡¸ ¥¸¸Š¸» ›¸íú¿
2. ¢›¸¨¸½©¸¸Ê ˆÅ¸ œÏˆÅ¸£ ‡¨¸¿ ¬¨¸³Åœ¸ 2. Type and Nature of Investments
(£ˆÅŸ¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (Amount in ` million)
¬¸¸¨¸Ä]¸¢›¸ˆÅ
¢›¸]¸ú ³Åœ¸ Investments
Publicly Privately
¢›¸¨¸½©¸ ³Åœ¸ ¬¸½ Traded Held
¬¸½ š¸¸¢£÷¸
¨¡¸¸œ¸¸¢£÷¸
Subsidiary, Associate and Joint Ventures NIL 734.21
¬¸í¸¡¸ˆÅ, ¬¸¿¤¸Ö ‚¸¾£ ¬¸¿¡¸ºÆ÷¸ ˆ¿Åœ¸¢›¸¡¸¸¿ ©¸»›¡¸ 734.21
œ¸ú‡¬¸¡¸»/ˆ¿Åœ¸¢›¸¡¸¸Ê ˆ½Å ‚›¡¸ ©¸½¡¸£ ]¸¸½ ¢ˆÅ Other shares of PSU/Corporate, which
02.09.2004 ˆÅ¸½ ¤¸ÿˆÅ ˆÅú ¤¸¢í¡¸¸Ê Ÿ¸Ê ‡\¸’ú‡Ÿ¸ ª½µ¸ú ˆ½Å were in the books of the Bank under HTM
©¸»›¡¸ ©¸»›¡¸ NIL NIL
category as on 02.09.2004 and as per
‚¿÷¸Š¸Ä÷¸ ˜¸½ ÷¸˜¸¸ ¢]¸›íÊ ‚¸£¤¸ú‚¸ƒÄ ¢™©¸¸¢›¸™½Ä©¸¸›¸º¬¸¸£
RBI guidelines, can be retained as such
¢]¸›íÊ œÏ¢÷¸š¸¸¢£÷¸ ¢ˆÅ¡¸¸ ]¸¸ ¬¸ˆÅ÷¸¸ í¾.
„Ô¸Ÿ¸ œ¸»¿]¸ú ¢›¸¢š¸ ©¸»›¡¸ 153.71 Venture Capital Funds NIL 153.71

164
Jeeef<e&keÀ efjHeesì& 2020-21

3. ¥¸¸ž¸/í¸¢›¸ ¢¨¸¨¸£µ¸ 3. Gain/ Loss Statement

(£ˆÅŸ¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (Amount in ` million)

¢¨¸¨¸£µ¸ £ˆÅŸ¸ Particulars Amount

¨¸¬¸»¥¸½ Š¸‡ ¬¸¿\¸¡¸ú ¥¸¸ž¸ (¢£œ¸¸½¢’ôŠ¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¢¤¸ÇÅú ‡¨¸¿ Cumulative realized gains (losses arising from sales
NIL
©¸»›¡¸ and liquidations in the reporting period.
›¸ˆÅ™úˆÅ£µ¸ ¬¸½ „Õ»÷¸ í¸¢›¸¡¸¸¿)
¨¸¬¸»¥¸½ ›¸ Š¸‡ ˆºÅ¥¸ ¥¸¸ž¸ (í¸¢›¸¡¸¸¿) ©¸»›¡¸ Total unrealized gains (losses) NIL

ˆºÅ¥¸ ‚œÏˆÅ¢’÷¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¥¸¸ž¸ (í¸¢›¸¡¸¸¿) ©¸»›¡¸ Total latent revaluation gains (losses) NIL
„œ¸¡¸ºÄÆ÷¸ Ÿ¸Ê ¬¸½ ˆÅ¸½ƒÄ ž¸ú £ˆÅŸ¸ ’ú¡¸£ I ‡¨¸¿ ’ú¡¸£ II œ¸»¿]¸ú Ÿ¸Ê Any amount of the above included in Tier I and Tier
©¸»›¡¸ NIL
¬¸¦ŸŸ¸¢¥¸÷¸ í¾ II capital

4. ¤¸ÿ¢ˆ¿ÅŠ¸ ¤¸íú í½÷¸º œ¸»¿]¸ú ‚¸¨¸©¡¸ˆÅ÷¸¸ 4. Capital Requirement for Banking Book
(£ˆÅŸ¸ ` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) (Amount in ` million)

œ¸»¿]¸ú Treatment Risk Capital

¤¸½¬¸¥¸ III ]¸¸½¢‰¸Ÿ¸ Investments under Exposure Weighted Requirement
‚¸¨¸©¡¸ˆÅ÷¸¸
¢›¸¨¸½©¸ ˆ½Å ‚š¸ú›¸ ¢¨¸Š¸¸½œ¸›¸ ‚¸š¸¸¢£÷¸ Basel III Assets @10.875%
10.875%
¨¡¸¨¸í¸£ ‚¸¦¬÷¸¡¸¸¿ Risk
ˆÅú ™£ ¬¸½
Subsidiary, weighted 734.21 1835.52 199.61
250% œ¸£ Associate and at 250%
]¸¸½¢‰¸Ÿ¸ 734.21 1835.52 199.61 Joint Ventures
¬¸í¸¡¸ˆÅ, ¬¸¿¤¸Ö ‚¸¾£ ¬¸¿¡¸ºÆ÷¸ ž¸¸¢£÷¸ ,Venture Capital Risk
„Ô¸Ÿ¸ ˆ¿Åœ¸¢›¸¡¸¸¿, „Ô¸Ÿ¸ œ¸»¿]¸ú Funds weighted 153.71 230.56 25.07
¢›¸¢š¸¡¸¸¿ 150% œ¸£ at 150%
]¸¸½¢‰¸Ÿ¸ 153.71 230.56 25.07
ž¸¸¢£÷¸ Other shares of
PSU/Corporate,
œ¸ú‡¬¸¡¸»/ˆ¿Åœ¸¢›¸¡¸¸Ê ˆ½Å ‚›¡¸ which were in
©¸½¡¸£ ]¸¸½ ¢ˆÅ 02.09.2004 the books of the
ˆÅ¸½ ¤¸ÿˆÅ ˆÅú ¤¸¢í¡¸¸Ê Ÿ¸Ê ‡\¸’ú‡Ÿ¸ Bank under HTM
NIL NIL NIL NIL
category as on
ª½µ¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ ˜¸½ ÷¸˜¸¸ ¢]¸›íÊ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ 02.09.2004 and as
‚¸£¤¸ú‚¸ƒÄ ¢™©¸¸¢›¸™½Ä©¸¸›¸º¬¸¸£ per RBI guidelines,
¢]¸›íÊ œÏ¢÷¸š¸¸¢£÷¸ ¢ˆÅ¡¸¸ ]¸¸ can be retained as
¬¸ˆÅ÷¸¸ í¾. such.

¢¥¸¨¸£½]¸ ‚›¸ºœ¸¸÷¸ œÏˆÅ’›¸ LEVERAGE RATIO DISCLOSURE

¬¸¸£µ¸ú ”ú‡ûÅ - 17 - ¥¸½‰¸¸¿ˆÅ›¸ ‚¸¦¬÷¸¡¸¸Ê ¤¸›¸¸Ÿ¸ ¢¥¸¨¸£½]¸ ‚›¸ºœ¸¸÷¸ ¢¨¸Š¸¸½œ¸›¸ Table DF-17 – Summary Comparison of accounting assets vs.
„œ¸¸¡¸ ˆÅ¸ ÷¸º¥¸›¸¸÷Ÿ¸ˆÅ ¬¸¸£ leverage ratio exposure measure
ÇÅ. (` ¢Ÿ¸¢¥¸¡¸›¸ Sr.
Item
(` in
Ÿ¸™ No. millions)
¬¸¿. Ÿ¸Ê)
œÏˆÅ¸¢©¸÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ˆºÅ¥¸ ¬¸Ÿ¸½¢ˆÅ÷¸ Total consolidated assets as per published
1 1966650.12 1 1966650.12
‚¸¦¬÷¸¡¸¸¿ financial statements
¤¸ÿ¢ˆ¿ÅŠ¸, ¢¨¸î¸œ¸¸½«¸µ¸, ¤¸úŸ¸¸ ÷¸˜¸¸ ¨¸¸¢µ¸¦]¡¸ˆÅ ƒˆÅ¸ƒÄ¡¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸¸Ê Adjustments for Investments in Banking,
ˆÅ¸ ¬¸Ÿ¸¸¡¸¸½]¸›¸ ¢]¸›íÊ ¥¸½‰¸¸¿ˆÅ›¸ œÏ¡¸¸½]¸›¸¸Ê í½÷¸º ¬¸Ÿ¸½¢ˆÅ÷¸ ¢ˆÅ¡¸¸ í¾ Financial, Insurance and Commercial entities
2 (0.00) 2 that are consolidated for accounting purposes (0.00)
¢ˆ¿Å÷¸º ¨¸½ ¢¨¸¢›¸¡¸¸Ÿ¸ˆÅ ¬¸Ÿ¸½ˆÅ›¸ ˆÅú œ¸¢£¢š¸ ¬¸½ ¤¸¸í£ í¾ („œ¸¡¸ºÄÆ÷¸ but outside the scope of regulatory consolidation
1 Ÿ¸Ê ¬¸½) (Out of 1 above)
œÏ\¸¸¥¸›¸Š¸÷¸ ¥¸½‰¸¸¿ˆÅ›¸ [¸¿\¸½ ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê Adjustments for fiduciary assets recognized
3 Ÿ¸¸›¡¸÷¸¸ œÏ¸œ÷¸, œÏ÷¡¸¡¸ú ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¢¥¸‡ ¬¸Ÿ¸¸¡¸¸½]¸›¸, ¢]¸›íÊ 0.00 on the balance sheet pursuant to the operative
3 0.00
¢¥¸¨¸£½]¸ ‚›¸ºœ¸¸÷¸ ¢¨¸Š¸¸½œ¸›¸ „œ¸¸¡¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸íú¿ ¢ˆÅ¡¸¸ í¾ accounting framework but excluded from the
4 ¨¡¸º÷œ¸››¸ ¢¨¸î¸ú¡¸ ¢¥¸‰¸÷¸¸Ê ˆ½Å ¢¥¸‡ ¬¸Ÿ¸¸¡¸¸½]¸›¸ 5284.30 leverage ratio exposure measure
œÏ¢÷¸ž¸»¢÷¸ ¢¨¸î¸ú¡¸ ¨¡¸¨¸í¸£¸Ê ˆ½Å ¢¥¸‡ ¬¸Ÿ¸¸¡¸¸½]¸›¸ (¡¸˜¸¸ £¾œ¸¸½ 4 Adjustments for derivative financial instruments 5284.30
5 0.00
‡¨¸¿ ¬¸¸Ÿ¸¸›¡¸ œÏ¢÷¸ž¸»¢÷¸÷¸ „š¸¸£ú) Adjustment for securities financing transactions
5 0.00
÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸ ¢ˆÅ‡ Š¸‡ Ÿ¸™¸Ê ˆÅ¸ ¬¸Ÿ¸¸¡¸¸½]¸›¸ (¡¸˜¸¸ (i.e. repos and similar secured lending)
6 ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸ ¢ˆÅ‡ Š¸‡ ¢¨¸Š¸¸½œ¸›¸¸Ê ˆÅú £¸¢©¸ ˆ½Å 93926.61 Adjustment for off-balance sheet items (i.e.
¬¸Ÿ¸ˆÅ®¸ †µ¸ ˆÅ¸ œ¸¢£¨¸÷¸Ä›¸) 6 conversion to credit equivalent amounts of off- 93926.61
‚›¡¸ ¬¸Ÿ¸¸¡¸¸½]¸›¸ (’ú¡¸£ 1 œ¸»¿]¸ú ¬¸½ ˆÅ’¸¾÷¸ú ˆÅú Š¸ƒÄ ‚Ÿ¸»÷¸Ä balance sheet exposures)
7 (19225.09) 7 Other adjustments (19225.09)
‚¸¦¬÷¸¡¸¸¿)
8 ¢¥¸¨¸£½]¸ ‚›¸ºœ¸¸÷¸ ¢¨¸Š¸¸½œ¸›¸ 2046635.93 8 Leverage Ratio Exposure 2046635.93

165
 Annual Report 2020-21

¬¸¸£µ¸ú ”ú‡ûÅ-18 - ¢¥¸¨¸£½]¸ ‚›¸ºœ¸¸÷¸ ¬¸¸Ÿ¸¸›¡¸ œÏˆÅ’›¸ [¸¿\¸¸ Table DF-18 – Leverage Ratio Common Disclosure Template
Sr.
ÇÅ.¬¸¿. Ÿ¸™ (` ¢Ÿ¸¢¥¸¡¸›¸ Ÿ¸Ê) No.
Item (` in million)
÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ¢¨¸Š¸¸½œ¸›¸ On-Balance Sheet Exposure
÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ Ÿ¸™Ê (¨¡¸º÷œ¸››¸ ‡¨¸¿ ‡¬¸‡ûÅ’ú ˆÅ¸½ On-balance sheet items (excluding derivatives
1
Ž¸½”õˆÅ£ œ¸£¿÷¸º ¬¸Ÿ¸˜¸ÄˆÅ ˆÅ¸½ ©¸¸¢Ÿ¸¥¸ ˆÅ£÷¸½ íº‡) 1911800.12 1 1911800.12
and SFTs, but including collateral)
(¤¸½¬¸¥¸ III ’ú¡¸£ 1 œ¸»¿]¸ú ¢›¸š¸¸Ä¢£÷¸ ˆÅ£›¸½ í½÷¸º ˆÅ’¸¾÷¸ú ˆÅú Š¸ƒÄ (Asset amounts deducted in determining
2
‚¸¦¬÷¸¡¸¸Ê ˆÅú £ˆÅŸ¸) (192255.09) 2
Basel III Tier 1 capital)
(192255.09)

÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ (¨¡¸º÷œ¸››¸ ‡¨¸¿ Total on-balance sheet exposures (excluding
3 1892575.03 3 1892575.03
‡¬¸‡ûÅ’ú ˆ½Å ‚¥¸¸¨¸¸) (œ¸¿¢Æ÷¸ ÇÅ. 1 ‡¨¸¿ 2 ˆÅ¸ ]¸¸½”õ) derivatives and SFTs) (sum of lines 1 and 2)
Derivative Exposure
¨¡¸º÷œ¸››¸ ¢¨¸Š¸¸½œ¸›¸ Replacement cost associated with all
¬¸ž¸ú ¨¡¸º÷œ¸››¸ ¨¡¸¨¸í¸£¸Ê ¬¸½ ¬¸¿¤¸Ö ¤¸™¥¸ú ˆÅú ¥¸¸Š¸÷¸ (¡¸˜¸¸ 4 derivatives transactions (i.e. net of eligible 3989.50
4
œ¸¸°¸ ›¸ˆÅ™ ¢¨¸\¸¥¸›¸ Ÿ¸¸¢]¸Ä›¸ ˆÅ¸ ¢›¸¨¸¥¸) 3989.50
cash variation margin)
5 ¬¸ž¸ú ¨¡¸º÷œ¸››¸ ¨¡¸¨¸í¸£¸Ê ¬¸½ ¬¸¿¤¸Ö œ¸ú‡ûÅƒÄ ˆÅú ‚Á”-‚¸Á›¸ £ˆÅŸ¸ 1294.80 Add-on amounts for PFE associated with all
5 1294.80
œÏ\¸¸¥¸›¸Š¸÷¸ ¥¸½‰¸¸¿ˆÅ›¸ [¸¿\¸½ ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ]¸í¸¿ ÷¸º¥¸›¸œ¸°¸ derivatives transactions
6 ‚¸¦¬÷¸¡¸¸Ê ¬¸½ œÏ™î¸ ¨¡¸º÷œ¸››¸ ¬¸Ÿ¸˜¸ÄˆÅ Ÿ¸™¸Ê ˆ½Å ¬¸ˆÅ¥¸ ]¸¸½”õ ˆÅú 0.00 Gross-up for derivatives collateral provided
ˆÅ’¸¾÷¸ú ˆÅú Š¸ƒÄ í¾ 6 where deducted from the balance sheet assets 0.00
(¨¡¸º÷œ¸››¸ ¨¡¸¨¸í¸£¸Ê Ÿ¸Ê œÏ™¸›¸ ¢ˆÅ‡ Š¸‡ ›¸ˆÅ™ ¢¨¸\¸¥¸›¸ Ÿ¸¸¢]¸Ä›¸ pursuant to the operative accounting framework
7
í½÷¸º œÏ¸œ¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅú ˆÅ’¸¾÷¸ú) 0.00 (Deductions of receivables assets for cash
(ŠÏ¸íˆÅ ׸£¸ ¬œ¸«’ ¢ˆÅ‡ Š¸‡ ¨¡¸¸œ¸¸£ ¢¨¸Š¸¸½œ¸›¸¸Ê Ÿ¸Ê ¬¸ú¬¸úœ¸ú 7 variation margin provided in derivatives 0.00
8
ˆÅ¸ Ž»’ œÏ¸œ÷¸ ‚¿©¸) 0.00 transactions)
(Exempted CCP leg of client-cleared trade
¤¸’Ã’½ ‰¸¸÷¸½ ”¸¥¸½ †µ¸ ¨¡¸º÷œ¸››¸¸Ê ˆÅú ¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ œÏž¸¸¨¸ú 8 0.00
9 0.00 exposures)
‚›¸ºŸ¸¸¢›¸÷¸ £ˆÅŸ¸ Adjusted effective notional amount of written
(¤¸’Ã’½ ‰¸¸÷¸½ ”¸¥¸½ †µ¸ ¨¡¸º÷œ¸››¸¸Ê ˆ½Å ¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ œÏž¸¸¨¸ú 9 0.00
10 0.00 credit derivatives
‚›¸ºŸ¸¸¢›¸÷¸ ‚¸ÁûÅ-¬¸½’ ‡¨¸¿ ‚Á”-‚¸Á›¸) (Adjusted effective notional offsets and add-on
10 0.00
11 ˆºÅ¥¸ ¨¡¸º÷œ¸››¸ ¢¨¸Š¸¸½œ¸›¸ (œ¸¿¢Æ÷¸ ÇÅ. 4 ¬¸½ 10 ˆÅ¸ ]¸¸½”õ) 5284.30 deductions for written credit derivatives)
œÏ¢÷¸ž¸»¢÷¸ ¢¨¸î¸œ¸¸½«¸µ¸ ¬¸¿¨¡¸¨¸í¸£ ¢¨¸Š¸¸½œ¸›¸ Total derivative exposures (sum of lines 4
11 5284.30
¢¨¸ÇÅú ¥¸½‰¸¸¿ˆÅ›¸ ¨¡¸¨¸í¸£¸Ê ˆÅ¸ ¬¸Ÿ¸¸¡¸¸½]¸›¸ ˆÅ£›¸½ ˆ½Å ¤¸¸™ ¬¸ˆÅ¥¸ to 10)
12
‡¬¸‡ûÅ’ú ‚¸¦¬÷¸¡¸¸Ê (¢›¸¨¸¥¸ ]¸¸½”õ ˆÅ¸½ Ÿ¸¸›¡¸÷¸¸ ›¸ ™½÷¸½ íº‡) 54850.00 Securities Financing Transaction Exposures
Gross SFT assets (with no recognition of netting),
(¬¸ˆÅ¥¸ ‡¬¸‡ûÅ’ú ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ›¸ˆÅ™ ™½¡¸ ‡¨¸¿ ›¸ˆÅ™ œÏ¸œ¡¸¸Ê 12 54850.00
13
ˆÅú ¢›¸¨¸¥¸ £ˆÅŸ¸) 0.00 after adjusting for sale accounting transactions
(Netted amounts of cash payables and cash
14 ‡¬¸‡ûÅ’ú ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¢¥¸‡ ¬¸ú¬¸ú‚¸£ ¢¨¸Š¸¸½œ¸›¸ 0.00 13 0.00
receivables of gross SFT assets)
15 ‡]¸Ê’ ¨¡¸¨¸í¸£ ¢¨¸Š¸¸½œ¸›¸ 0.00 14 CCR exposure for SFT assets 0.00
ˆºÅ¥¸ œÏ¢÷¸ž¸»¢÷¸ ¢¨¸î¸œ¸¸½«¸µ¸ ¨¡¸¨¸í¸£ ¢¨¸Š¸¸½œ¸›¸ (œ¸¿¢Æ÷¸ 15 Agent transaction exposures 0.00
16 54850.00 Total securities financing transaction
ÇÅ. 12 ¬¸½ 15 ˆÅ¸ ]¸¸½”õ) 16 54850.00
exposures (sum of lines 12 to 15)
÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸ ¢ˆÅ‡ Š¸‡ ‚›¡¸ ¢¨¸Š¸¸½œ¸›¸ Other Off-Balance Sheet Exposure
÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸ ¢ˆÅ‡ Š¸‡ ¢¨¸Š¸¸½œ¸›¸¸Ê ˆÅú ¬¸ˆÅ¥¸ Off-balance sheet exposure at gross notional
17
‚›¸ºŸ¸¸¢›¸÷¸ £ˆÅŸ¸ 263676.20 17 263676.20
amount
18 (†µ¸ ˆÅú ¬¸Ÿ¸ˆÅ®¸ £ˆÅŸ¸¸Ê Ÿ¸Ê œ¸¢£¨¸¢÷¸Ä÷¸ í½÷¸º ¬¸Ÿ¸¸¡¸¸½]¸›¸) (169749.59) (Adjustments for conversion to credit
18 (169749.59)
÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸ ˆÅú Š¸ƒÄ Ÿ¸™Ê (œ¸¿¢Æ÷¸ ÇÅ. 17 equivalent amounts)
19 93926.61 Off-balance sheet items (sum of lines 17
‡¨¸¿ 18 ˆÅ¸ ]¸¸½”õ) 19 93926.61
œ¸»¿]¸ú ‡¨¸¿ ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ and 18)
Capital and total Exposures
20 ’ú¡¸£ 1 œ¸»¿]¸ú 91606.80 20 Tier 1 Capital 91606.80
21 ˆºÅ¥¸ ¢¨¸Š¸¸½œ¸›¸ (œ¸¿¢Æ÷¸ ÇÅ. 3, 11, 16 ‡¨¸¿ 19 ˆÅ¸ ]¸¸½”õ) 2046635.93 21 Total Exposures (sum of lines 3,11,16 and 19) 2046635.93
¢¥¸¨¸£½]¸ ‚›¸ºœ¸¸÷¸ Leverage Ratio
22 ¤¸½¬¸¥¸ III ¢¥¸¨¸£½]¸ ‚›¸ºœ¸¸÷¸ 4.48% 22 Basel III Leverage Ratio 4.48%

÷¸£¥¸÷¸¸ ˆÅ¨¸£½]¸ ‚›¸ºœ¸¸÷¸ LIQUIDITY COVERAGE RATIO

(£¸¢©¸ ` ˆÅ£¸½”õ Ÿ¸Ê) (Amount ` in crore)
Ÿ¸¸\¸Ä 2021 ¨¸«¸Ä Ÿ¸¸\¸Ä 2020 ¨¸«¸Ä Year Mar 2021 Year Mar 2020
Total Total Total Total
ˆºÅ¥¸ ˆºÅ¥¸ ž¸¸¢£÷¸ ˆºÅ¥¸ ˆºÅ¥¸ ž¸¸¢£÷¸ Amount in ` crore Unweighted Weighted Unweighted Weighted
‚ž¸¸¢£÷¸ Ÿ¸»¥¡¸ ‚ž¸¸¢£÷¸ Ÿ¸»¥¡¸ Value Value Value Value
Ÿ¸»¥¡¸ (‚¸¾¬¸÷¸) Ÿ¸»¥¡¸ (‚¸¾¬¸÷¸) ( average) (average) (average) (average)
(‚¸¾¬¸÷¸) (‚¸¾¬¸÷¸) High quality Liquid assets
„\\¸ Š¸ºµ¸¨¸î¸¸ ÷¸£¥¸ ‚¸¦¬÷¸¡¸¸¿ 1 Total High Quality   56612.98 35774.77
1 ˆºÅ¥¸ „\\¸ Š¸ºµ¸¨¸î¸¸ ¨¸¸¥¸ú ÷¸£¥¸ ‚¸¦¬÷¸¡¸¸¿ 56612.98 35774.77 Liquid Assets (HQLAs)
(‡\¸Æ¡¸»‡¥¸‡‡¬¸) Cash outflows
›¸ˆÅ™ ¤¸¢í¨¸¸Äí 2 Retail deposits and 122474.92 10634.77 120082.37 10370.19
deposits from small
2 ¢£’½¥¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ ‚¸¾£ ¥¸‹¸º ¨¡¸¨¸¬¸¸¡¸ 122474.92 10634.77 120082.37 10370.19 business customers,
ŠÏ¸íˆÅ¸Ê ¬¸½ ]¸Ÿ¸¸£¸¢©¸¡¸¸, ¢]¸›¸Ÿ¸Ê ¬¸½ À of which:
(i) ¦¬˜¸£ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ 32254.5 1612.73 32760.84 1638.04 (i) Stable deposits 32254.50 1612.73 32760.84 1638.04
(ii) ˆÅŸ¸ ¦¬˜¸£ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ 90220.42 9022.04 87321.53 8732.15 (ii) Less stable deposits 90220.42 9022.04 87321.53 8732.15

166
Jeeef<e&keÀ efjHeesì& 2020-21

3 ‚œÏ÷¡¸¸ž¸»÷¸ ˜¸¸½ˆÅ ¢›¸¢š¸¡¸›¸, ¢]¸¬¸Ÿ¸Ê ¬¸½ À 20547.34 10932.99 17604.38 9834.94 3 Unsecured wholesale 20547.34 10932.99 17604.38 9834.94
funding, of which:
(i) œ¸¢£\¸¸¥¸›¸Š¸÷¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ (¬¸ž¸ú 0 0 0 0 (i) Operational deposits 0.00 0.00 0.00 0.00
œÏ¢÷¸œ¸®¸) (all counterparties)
(ii) Š¸¾£-œ¸¢£\¸¸¥¸›¸Š¸÷¸ ]¸Ÿ¸¸£¸¢©¸¡¸¸¿ (¬¸ž¸ú 20547.34 10932.99 17604.38 9834.94 (ii) Non-operational 20547.34 10932.99 17604.38 9834.94
deposits (all
œÏ¢÷¸œ¸®¸) counterparties)
(iii) ‚œÏ÷¡¸¸ž¸»÷¸ †µ¸ 0 0 0 0 (iii) Unsecured debt 0.00 0.00 0.00 0.00
4 œÏ÷¡¸¸ž¸»÷¸ ˜¸¸½ˆÅ ¢›¸¢š¸¡¸›¸ 4717.69 0 3836.37 0 4 Secured wholesale 4717.69 0.00 3836.37 0.00
funding
5 ‚¢÷¸¢£Æ÷¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‡¿, ¢]¸¬¸Ÿ¸Ê ¬¸½ À 13596.82 1264.25 9423.84 848.09 5 Additional 13596.82 1264.25 9423.84 848.09
requirements, of which:
(i) ”½¢£¨¸½¢’¨¸ ¢¨¸Š¸¸½œ¸›¸ ‚¸¾£ ‚›¡¸ ¬¸¿œ¸¸¢æ¸ÄˆÅ 6.95 6.95 0 0
‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¤¸¢í¨¸¸Äí (i) Outflows related to 6.95 6.95 0.00 0.00
derivative exposures
(ii) †µ¸ „÷œ¸¸™¸Ê œ¸£ ¢›¸¢š¸¡¸›¸ ˆÅú í¸¢›¸ ¬¸½ 0 0 0 0 and other collateral
¬¸¿¤¸¿¢š¸÷¸ ¤¸¢í¨¸¸Äí requirements
(ii) Outflows related to 0.00 0.00 0.00 0.00
(iii) †µ¸ ‚¸¾£ ÷¸£¥¸÷¸¸ „÷œ¸¸™ 13589.87 1257.31 9423.84 848.09 loss of funding on debt
6 ‚›¡¸ ¬¸¿¢¨¸™¸÷Ÿ¸ˆÅ ¢›¸¢š¸¡¸›¸ ™¸¢¡¸÷¨¸ 371.31 371.31 467.7 467.7 products
(iii) Credit and liquidity 13589.87 1257.31 9423.84 848.09
7 ‚›¡¸ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ¢›¸¢š¸¡¸›¸ ™¸¢¡¸÷¨¸ 14240.51 542.88 1608.29 605.83 products
8 ˆºÅ¥¸ ›¸ˆÅ™ ¤¸¢í¨¸¸Äí 23746.19 22126.75 6 Other contractual 371.31 371.31 467.70 467.70
funding obligations
›¸ˆÅ™ ‚¿÷¸¨¸¸Äí 7 Other contingent 14240.51 542.88 1608.29 605.83
funding obligtations
9 œÏ÷¡¸¸ž¸»÷¸ „š¸¸£ú („™¸í£µ¸¸˜¸Ä - œÏ¢÷¸ 8436.03 0 3540.67 0
8 Total Cash Outflows   23746.19   22126.75
£½œ¸¸½)
Cash inflows
10 ¬¸¿œ¸»µ¸Ä ˆÅ¸¡¸Ä¢›¸«œ¸¸™ˆÅ ¢¨¸Š¸¸½œ¸›¸ ¬¸½ ‚¿÷¸¨¸¸Äí 4248.96 3630.59 6238.8 5347.22 9 Secured lending ( e.g. 8436.03 0.00 3540.67 0.00
reverse repos)
11 ‚›¡¸ ›¸ˆÅ™ ‚¿÷¸¨¸¸Äí 1802.66 1629.64 300.22 150.11
10 Inflows from fully 4248.96 3630.59 6238.80 5347.22
12 ˆºÅ¥¸ ›¸ˆÅ™ ‚¿÷¸¨¸¸Äí 5260.22 5497.33 performing exposures
11 Other cash inflows 1802.66 1629.64 300.22 150.11
13 ˆºÅ¥¸ ‡\¸Æ¡¸»‡¥¸‡ 56612.98 35774.77
12 Total Cash Inflows 5260.22 5497.33
14 ˆºÅ¥¸ ¢›¸¨¸¥¸ ›¸ˆÅ™ ¤¸¢í¨¸¸Äí 18485.97 16629.42 13 Total HQLA   56612.98   35774.77
15 ÷¸£¥¸÷¸¸ ˆÅ¨¸£½]¸ ‚›¸ºœ¸¸÷¸ (%) 306.25% 215.13% 14 Total Net Cash   18485.97   16629.42
Outflows
÷¸£¥¸÷¸¸ ˆÅ¨¸£½]¸ ‚›¸ºœ¸¸÷¸ (‡¥¸¬¸ú‚¸£) ˆÅ¸ ¥¸®¡¸ ¡¸í ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸¸ í¾ ¢ˆÅ ¤¸ÿˆÅ Ÿ¸Ê ž¸¸££¢í÷¸ 15 Liquidity Coverage   306.25%   215.13%
„\\¸-Š¸ºµ¸¨¸î¸¸ ˆÅú ÷¸£¥¸ ‚¸¦¬÷¸¡¸¸Ê (‡\¸Æ¡¸»‡¬¸‡) ˆÅ¸ œ¸¡¸¸Äœ÷¸ ¬’¸ÁˆÅ í¾, ]¸¸½ ¢ˆÅ ÷¸£¥¸÷¸¸ Ratio (%)
‚›¸ºœ¸¸÷¸ œ¸¢£´«¡¸ Ÿ¸Ê 30 ˆ¾Å¥¸½µ”£ ¢™›¸¸Ê ˆÅú ¬¸Ÿ¸¡¸ ¬¸úŸ¸¸ ˆ½Å ¢¥¸‡ ‚œ¸›¸ú ÷¸£¥¸÷¸¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê
The Liquidity Coverage Ratio (LCR) aims to ensure that a Bank has an
ˆÅú œ¸»¢÷¸Ä ˆ½Å ¢¥¸‡ ƒ¬¸½ ÷¸÷ˆÅ¸¥¸ ‚¸¾£ ¬¸£¥¸÷¸¸ ¬¸½ ›¸ˆÅ™ú Ÿ¸Ê œ¸¢£¨¸¢÷¸Ä÷¸ ¢ˆÅ¡¸¸ ]¸¸ ¬¸ˆÅ÷¸¸ í¾—
adequate stock of unencumbered High-Quality Liquid Assets (HQLA)
‡¥¸¬¸ú‚¸£ ˆÅ¸ œ¸¢£ˆÅ¥¸›¸ 30 ˆ¾Å¥¸½µ”£ ¢™›¸¸Ê ˆÅú ™¤¸¸¨¸ŠÏ¬÷¸ ‚¨¸¢š¸ œ¸£ ‚›¸ºŸ¸¸¢›¸÷¸ ¢›¸¨¸¥¸ that can be converted into cash easily and immediately to meet its
¤¸¢í¨¸¸Äí ׸£¸ ž¸¸££¢í÷¸ „\\¸ Š¸ºµ¸¨¸î¸¸ ˆÅú ÷¸£¥¸ ‚¸¦¬÷¸¡¸¸Ê (‡\¸Æ¡¸»‡¬¸‡) ˆÅú ˆÅú £¸¢©¸ liquidity needs for a 30 calendar day liquidity stress scenario.
ˆÅ¸½ ¢¨¸ž¸¸¢]¸÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ¢›¸¨¸¥¸ ›¸ˆÅ™ ¤¸¢í¨¸¸Äí ˆÅ¸ œ¸¢£ˆÅ¥¸›¸ ™½¡¸÷¸¸‚¸Ê ˆÅú ¢¨¸¢ž¸››¸
The LCR is calculated by dividing the amount of High Quality Liquid
ª½¢µ¸¡¸¸Ê (]¸Ÿ¸¸£¸¢©¸¡¸¸Ê, œÏ÷¡¸¸ž¸»÷¸ ¨¸ Š¸¾£œÏ÷¡¸¸ž¸»÷¸ ˜¸¸½ˆÅ „š¸¸¢£¡¸¸¿) ˆ½Å ¬¸¸˜¸ íú 30 ¢™›¸¸Ê ˆ½Å
ž¸ú÷¸£ œ¸¢£œ¸Æ¨¸ í¸½›¸½ ¨¸¸¥¸ú ‚¸¦¬÷¸¡¸¸Ê ¬¸½ í¸½›¸½ ¨¸¸¥¸½ ‚¿÷¸¨¸¸Äí ׸£¸ ¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ ‚›¸¸í¢£÷¸ unencumbered Assets (HQLA) by the estimated net outflows over a
œÏ¢÷¸¤¸Ö÷¸¸‚¸Ê ‚¸¾£ ¨¡¸º÷œ¸››¸ ¬¸¿¤¸¿¢š¸÷¸ ¢¨¸Š¸¸½œ¸›¸¸Ê í½÷¸º ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢›¸¢™Ä«’ stressed 30 calendar day period. The net cash outflows are calculated
¤¸¢í¨¸¸Äí ‹¸’ˆÅ¸Ê ˆÅ¸½ ¥¸¸Š¸» ˆÅ£ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— by applying RBI prescribed outflow factors to the various categories
of liabilities (deposits, unsecured and secured wholesale borrowings),
¢™›¸¸¿ˆÅ 17.04.2020 ˆ½Å œ¸¢£œ¸°¸ RBI/2019-20/217 DOR.BP.BC. as well as to undrawn commitments and derivative-related exposures,
No.65/21.04.098/2019-20 ˆ½Å ]¸¢£‡ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ›¡¸»›¸÷¸Ÿ¸ ÷¸£¥¸÷¸¸
netted by inflows from assets maturing within 30 days.
ˆÅ¨¸£½]¸ ‚›¸ºœ¸¸÷¸ ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆÅ¸ ¬¸¿©¸¸½š¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ›¸½ ‚¤¸ ¤¸ÿˆÅ¸Ê
ˆÅ¸½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ›¡¸»›¸÷¸Ÿ¸ ÷¸£¥¸÷¸¸ ˆÅ¨¸£½]¸ ‚›¸ºœ¸¸÷¸ £‰¸›¸½ ˆ½Å ¢¥¸‡ ‚›¸ºŸ¸¢÷¸ ™ú í¾— RBI vide circular RBI/2019-20/217 DOR.BP.BC.No.65/21.04.098/2019-
20 dated 17.04.2020 has amended the minimum requirement of LCR.
›¡¸»›¸÷¸Ÿ¸ ÷¸£¥¸÷¸¸ ˆÅ¨¸£½]¸ ‚›¸ºœ¸¸÷¸ RBI has now permitted Banks to maintain LCR as under:
¢™›¸¸¿ˆÅ
‚¸¨¸©¡¸ˆÅ÷¸¸ Date Minimum LCR requirement
30.09.2020 ÷¸ˆÅ 80.00% Till 30.09.2020 80.00%
01.10.2020 ¬¸½ 31.03.2021 ÷¸ˆÅ 90.00% From 01.10.2020 to 31.03.2021 90.00%
From 01.04.2021 100.00%
01.04.2021 ¬¸½ 100.00%
Average LCR on a daily basis for the year ended 31st March
31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ™¾¢›¸ˆÅ ‚¸š¸¸£ œ¸£ ‚¸¾¬¸÷¸ ‡¥¸¬¸ú‚¸£
2021 is 306.25%, above RBIprescribed minimum requirement of
306.25% í¾, ]¸¸½ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢›¸š¸¸Ä¢£÷¸ 90.00% ˆÅú ›¡¸»›¸÷¸Ÿ¸
90.00%.
‚¸¨¸©¡¸ˆÅ÷¸¸ ¬¸½ ‚¢š¸ˆÅ í¾—

167
 Annual Report 2020-21

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168
Jeeef<e&keÀ efjHeesì& 2020-21

mecesefkeÀle efJeÊeer³e efJeJejCe

Consolidated
Financial Statements

169
 Annual Report 2020-21

31 cee®e& 2021 keÀer eqmLeefle kesÀ Devegmeej mecesefkeÀle leguevehe$e

CONSOLIDATED BALANCE SHEET AS ON 31ST MARCH, 2021
(` npeej ceW)
(` in thousands)
Devegmet®eer 31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle
Schedule kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March 2021 As on 31st March 2020
(Current Year) (Previous Year)
hetbpeer SJeb oeef³elJe CAPITAL AND LIABILITIES
hetbpeer Capital 1 6560,15,89 5824,10,93

Deejef#eefle³eeb Deewj DeefOeMes<e Reserves & Surplus 2 5748,13,11 5085,06,86

peceejeefMe³eeb Deposits 3 173989,29,67 150050,01,88

GOeeefj³eeb Borrowings 4 4238,75,12 3670,03,18

Dev³e os³eleeSb SJeb he´eJeOeeve Other Liabilities & Provisions 5 6298,77,34 4388,30,33

peesæ[ TOTAL 196835,11,13 169017,53,18

Deeeqmle³eeb ASSETS
vekeÀoer Deewj Yeejleer³e efjpeJe& yeQkeÀ ceW Mes<e
Cash and Balances with Reserve Bank of India 6 12882,48,44 10353,68,78
yeQkeÀeW ceW Mes<e, ceebie leLee Deuhe met®evee hej ÒeeH³e Oeve
Balances with Banks, Money at call & short notice 7 59,29,56 93,33,30
efveJesMe Investments 8 68281,44,38 57890,59,14

Deefie´ce Advances 9 102405,16,68 86871,65,09

eqmLej Deeeqmle³eeb Fixed Assets 10 1674,00,39 1676,19,16

Dev³e Deeeqmle³eeb Other Assets 11 11532,71,68 12132,07,71

peesæ[ TOTAL 196835,11,13 169017,53,18

DeekeÀeqmcekeÀ os³eleeSb Contingent Liabilities 12 31127,72,44 29491,84,83

Jemetueer nsleg efyeue Bills for Collection 4988,84,18 7037,69,24

cenlJehetCe& uesKeebkeÀve veerefle³eeb Significant accounting policies 17

KeeleeW hej efìhheefCe³eeb Notes on Accounts 18

Devegmetef®e³eeb 1 mes 18 Keeleesb kesÀ DeefYeVe Yeeie nQ.

The Schedules 1 to 18 form an integral part of the Accounts.

‚¸£. ÷¸¸Ÿ¸¸½š¸£›¸ ¨¸¿¢™÷¸¸ ˆÅ¸¾¥¸ Sce. kesÀ. Jecee&

¢›¸™½©¸ˆÅ ¢›¸™½©¸ˆÅ ¢›¸™½©¸ˆÅ
R. THAMODHARAN VANDITA KAUL M. K. Verma
Director Director Director

S. yeer. efJepe³ekegÀceej nscevle ìcìe S. Sme. jepeerJe

ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½
A. B. VIJAYAKUMAR HEMANT TAMTA A. S. RAJEEV
EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR MANAGING DIRECTOR & CEO

megveerue Oetle œ¸ú. ‚¸£. ‰¸’¸¨¸ˆÅ£

¬¸í¸¡¸ˆÅ Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¢¨¸. œÏ. ¨¸ ¥¸½‰¸¸ cenehe´yebOekeÀ, efJe. he´. Je uesKee Deewj cegefJeDe
SUNIL DHOOT P. R. KHATAVKAR
Asst. Gen. Manager, Fm & A GENERAL MANAGER, FM&A & CFO

mLeeve : HegCes Place : Pune

efoveebkeÀ : 29 DeHe´wue, 2021 Date : 29th April, 2021

170
Jeeef<e&keÀ efjHeesì& 2020-21

31 cee®e& 2021 keÀes meceehle Je<e& kesÀ efueS mecesefkeÀle ueeYe Je neefve Keelee
CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2021
(` npeej ceW)
(` in thousands)
Devegmet®eer 31 cee®e& 2021 keÀes 31 cee®e& 2020 keÀes
Schedule meceeHle Je<e& (®eeuet Je<e&) meceeHle Je<e& (iele Je<e&)
Year ended Year ended
31st March 2021 31st March 2020
(Current Year) (Previous Year)
I. Dee³e INCOME
Dee|pele y³eepe Interest earned 13 11868 ,63 ,01 11495 ,52 ,98
men³eesieer mebmLeeDeeW ceW Dee³e/neefve keÀe efnmmee Share of earnings/ loss in Associates 20 ,05 ,89 9 ,51 ,72
Dev³e Dee³e Other Income 14 2626 ,52 ,64 1650 ,22 ,81
peesæ[ TOTAL 14515 ,21 ,54 13155 ,27 ,51
II. J³e³e EXPENDITURE
J³e³e efkeÀ³ee ie³ee y³eepe Interest expended 15 6970 ,18 ,36 7215 ,73 ,11
heefj®eeueve J³e³e Operating Expenses 16 3565 ,90 ,68 3081 ,95 ,99
he´eJeOeeve Deewj DeekeÀeqmcekeÀleeSb Provisions & contingencies 3407 ,66 ,10 2458 ,74 ,51
peesæ[ TOTAL 13943 ,75 ,14 12756 ,43 ,61
ueeYe/neefve PROFIT/LOSS
Je<e& kesÀ efueS mecesefkeÀle efveJeue ueeYe Consolidated Net Profit for the year 571 ,46 ,40 398 ,83 ,90
peesæ[W : Deeies uee³ee ie³ee ueeYe Add: Profit brought forward -7254 ,91 ,63 -7275 ,96 ,55
peesæs[W : Mes³ej He´erefce³ece Deewj efJeMes<e Deejef#eleer kesÀ mece#e Mes<e Deie´sef<ele mecesefkeÀle neefve³eeb 7349 ,50 ,08 –
Add: b/.f losses adjusted against Share premium and Special Reserve
peesæ[ TOTAL 666 ,04 ,85 -6877 ,12 ,65
efJeefve³eesie APPROPRIATIONS
meebefJeefOekeÀ Deejef#eefle keÀes DeblejCe Transfer to Statutory Reserve 137 ,56 ,29 97 ,14 ,52
hetbpeer Deejef#eefle keÀes DeblejCe Transfer to Capital Reserve 184 ,52 ,91 53 ,64 ,46
jepemJe Deejef#eefle keÀes DeblejCe Transfer to Revenue Reserve – –
efJeMes<e Deejef#eefle keÀes DeblejCe Transfer to Special Reserve – –
efveJesMe DeeqmLej Deejef#eefle keÀes DeblejCe Transfer to Investment Fluctuation Reserve 176 ,00 ,00 227 ,00 ,00
ueeYeebMe hej keÀj Tax on Dividend – –
ueeYeebMe hej keÀj (Deveg<ebieer) Tax on Dividend (Subsidary) –
leguevehe$e ceW Deeies ues pee³ee ie³ee Mes<e Balance carried over to Balance Sheet 167 ,95 ,65 -7254 ,91 ,63
peesæ[ TOTAL 666 ,04 ,85 -6877 ,12 ,65
he´efle Mes³ej Depe&ve (cetue Je [eF&u³etìs[) (`) Earning per share (Basic & Diluted) (`) 0.91 0.69

nceejer meceefoveebefkeÀle mebueive efjheesì& kesÀ Devegmeej As per our report of even date attached.

ke=Àles cewmeme& kesÀ. ieesheeue jeJe Sb[ kebÀheveer ke=Àles cewmeme& yeeìueeryeesF& Sb[ hegjesefnle ke=Àles cewmeme& DeyeCee& Sb[ DevebLeve ke=Àles cewmeme& jes[er [yeerj Sb[ kebÀHeveer
‡ûÅ‚¸£‡›¸: 000956‡¬¸ SHeÀDeejSve: 101048 [yu³et SHeÀDeejSve: 000003‡¬¸ SHeÀDeejSve: 108846”¤¥¡¸»
¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ meveoer uesKeekeÀej meveoer uesKeekeÀej meveoer uesKeekeÀej
for M/s. K Gopal Rao & Co for M/s. Batliboi & Purohit for M/s. Abarna & Ananthan for M/s. Rodi Dabir & Co.
FRN: 000956S FRN: 101048W FRN: 000003S FRN:108846W
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants

¬¸ú‡ ¤¸ú. Ÿ¸ú£¸ Š¸¸½œ¸¸¥¸›¸ ¬¸ú‡ £Ÿ¸›¸ í¿Š¸½ˆÅ£ ¬¸ú‡ (ªúŸ¸÷¸ú) ¥¸¢¥¸÷¸¸ £¸Ÿ¸½©¨¸£›¸ ¬¸ú‡ ‚¸©¸ú«¸ ¤¸”Š¸½
ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£
¬¸™¬¡¸÷¸¸ ÇÅ.: 029471 ¬¸™¬¡¸÷¸¸ ÇÅ.: 030615 ¬¸™¬¡¸÷¸¸ ÇÅ.: 207867 ¬¸™¬¡¸÷¸¸ ÇÅ.: 121073
CA B. Meera Gopalan CA Raman Hangekar CA (Mrs) Lalitha Rameswaran CA Aashish Badge
Partner Partner Partner Partner
Membership No: 029471 Membership No: 030615 Membership No: 207867 Membership No: 121073

mLeeve : HegCes Place : Pune

efoveebkeÀ : 29 DeHe´wue, 2021 Date : 29th April, 2021

171
 Annual Report 2020-21

Devegmet®eer -1 : Hetbpeer (` npeej ceW)

SCHEDULE- 1 :CAPITAL (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
he´eefOeke=Àle hetbpeer Authorised Capital
He´l³eskeÀ ` 10/- kesÀ 10,00,00,00,000 FefkeÌJeìer Mes³ej (efHeíues Je<e& 10000,00,00) 10000,00,00 10000,00,00
10,00,00,00,000 Equity Shares (Previous year 10000,00,00) of
` 10/- each

peejer Je DeefYeoÊe Issued & Subscribed

He´l³eskeÀ ` 10/- kesÀ 656,01,58,901 FefkeÌJeìer Mes³ej (efHeíues Je<e& 582,41,09,300)
656,01,58,901 Equity Shares (Previous year 582,41,09,300) of
` 10/- each
6560,15,89 5824,10,93

he´oÊe hetbpeer Paid Up Capital

keÀ. keWÀê mejkeÀej Üeje Oeeefjle
a. Held by Central Government 6122,62,79 5386,57,83
He´l³eskeÀ ` 10/- kesÀ 612,26,27,927 FefkeÌJeìer Mes³ej (efHeíues Je<e& 538,65,78,326)
612,26,27,927 (Previous year 538,65,78,326) Equity shares of
` 10/- each
Ke. pevelee Je Dev³e Üeje Oeeefjle
b. Held by the Public & Others 437,53,10 437,53,10
He´l³eskeÀ ` 10/- kesÀ 43,75,30,974 FefkeÌJeìer Mes³ej (efHeíues Je<e& 43,75,30,974)
43,75,30,974 (Previous year 43,75,30,974) Equity Shares of
` 10/- each
IeìeSb : os³e Deeyebìve jeefMe Less: Allotment money due – 6560,15,89 – 5824,10,93
6560,15,89 5824,10,93

peesæ[ TOTAL 6560,15,89 5824,10,93

Devegmet®eer - 2 : Deejef#eefle³eeb Deewj DeefOeMes<e (` npeej ceW)

SCHEDULE - 2 : RESERVES AND SURPLUS (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. meebefJeefOekeÀ Deejef#eefle STATUTORY RESERVE
i) he´ejbefYekeÀ Mes<e Opening Balance 1369 ,36 ,00 1272 ,21 ,48
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 137 ,56 ,29 1506 ,92 ,29 97 ,14 ,52 1369 ,36 ,00
II. hetbpeeriele Deejef#eefle CAPITAL RESERVE
i) he´ejbefYekeÀ Mes<e Opening Balance 417 ,04 ,16 363 ,39 ,70
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 184 ,52 ,91 53 ,64 ,46
iii) Je<e& kesÀ oewjeve keÀceer Deduction during the year – 601 ,57 ,07 – 417 ,04 ,16
III. Mes³ej he´erefce³ece SHARE PREMIUM
i) he´ejbefYekeÀ Mes<e Opening Balance 6902 ,76 ,10 5343 ,99 ,89
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 94 ,95 ,04 1558 ,76 ,21
iii) Je<e& kesÀ oewjeve Je=ef× 6902 ,76 ,10 94 ,95 ,04 – 6902 ,76 ,10
Deduction during the year - Utilised for writing off of b/f. losses
IV. jepemJe Je Dev³e Deejef#eefle³eeb
REVENUE AND OTHER RESERVES
keÀ) jepemJe Deejef#eefle a) REVENUE RESERVE
i) he´ejbefYekeÀ Mes<e Opening Balance 1661 ,30 ,06 1555 ,16 ,07
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 88 ,54 ,64 106 ,13 ,99
iii) Je<e& kesÀ oewjeve keÀceer Deduction during the year – 1749 ,84 ,70 – 1661 ,30 ,06

172
Jeeef<e&keÀ efjHeesì& 2020-21

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
Ke) efJeMes<e Deejef#eefle b) SPECIAL RESERVE
i) he´ejbefYekeÀ Mes<e Opening Balance
498,00,00 498,00,00
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year – –
iii) Je<e& kesÀ oewjeve Je=ef×-Mes<e Deie´sef<ele neefve³eeW kesÀ yeÆs Keeles nsleg He´³egkeÌle
Deduction during the year - Utilised for writing off of b/f. losses 446,73,96 51,26,04 – 498,00,00
ie) hegvecet&u³eve Deejef#eefle c) REVALUATION RESERVE
i) he´ejbefYekeÀ Mes<e Opening Balance
1264,52,17 1373,10,41
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year – –
iii) Je<e& kesÀ oewjeve keÀceer Deduction during the year 91,89,85 1172,62,32 108,58,24 1264,52,17
Ie) efveJesMe Deejef#eefle Keelee
d) INVESTMENT FLUETUATION RESERVE ACCOUNT
i) he´ejbefYekeÀ Mes<e Opening Balance 227,00,00 –
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 176,00,00 227,00,00
iii) Je<e& kesÀ oewjeve keÀceer Deduction during the year – 403,00,00 – 227,00,00
V. ueeYe Je neefve Keeles ceW Mes<e
BALANCE IN PROFIT AND LOSS ACCOUNT
i) he´ejbefYekeÀ Mes<e Opening Balance -7254,91,63 -7275,96,55
ii) Je<e& kesÀ oewjeve Je=ef× Addition during the year 73,37,20 21,04,92
iii) Je<e& kesÀ oewjeve Je=ef×-Mes<e Deie´sef<ele neefve³eeW kesÀ yeÆs Keeles nsleg He´³egkeÌle
Deduction during the year - Utilised for writing off of b/f. losses 7349,50,08 167,95,65 – -7254,91,63
peesæ[ TOTAL (I, II, III, IV & V) 5748,13,11 5085,06,86

Devegmet®eer - 3 : peceejeefMe³eeb (` npeej ceW)

SCHEDULE - 3 : DEPOSITS (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
keÀ A. ceebie peceejeefMe³eeb
DEMAND DEPOSITS
i) yeQkeÀeW mes From Banks 64,56,44 83,84,03
ii) Dev³eeW mes From others 18478,23,50 18542,79,94 14304,31,50 14388,15,53
II. ye®ele yeQkeÀ peceejeefMe³eeb SAVINGS BANK DEPOSITS 75401,53,00 61085,29,73
III. ceer³eeoer peceejeefMe³eeb TERM DEPOSITS
i) yeQkeÀeW mes From Banks 242,38,92 205,97,69
ii) Dev³eeW mes From others 79802,57,81 80044,96,73 74370,58,93 74576,56,62
peesæ[ TOTAL (i, ii & iii) 173989,29,67 150050,01,88
Ke B. (i) Yeejle ceW mene³ekeÀ kebÀheefve³eeW keÀer peceejeefMe³eeb, efJeosMeer keÀe³ee&ue³eeW
meefnle, ³eefo keÀesF& nes – –
Deposits of subsidiaries in India including foreign offices, if any
(ii) Yeejle mes yeenj keÀer mene³ekeÀ kebÀheefve³eeW keÀer peceejeefMe³eeb, Yeejleer³e
keÀe³ee&ue³eeW meefnle, ³eefo keÀesF& nes – –
Deposits of subsidiaries outside India including Indian offices, if any
(iii) cetue kebÀheveer keÀer peceejeefMe³eeb Deposits of Parent 173989,29,67 150050,01,88
peesæ[ TOTAL (i, ii & iii) 173989,29,67 150050,01,88

ie.C. (i) cetue kebÀheveer keÀer Yeejle ceW peceejeefMe³eeb

Deposits of parent in India 173989,29,67 150050,01,88
(ii) Yeejle ceW mene³ekeÀ kebÀheefve³eeW keÀer peceejeefMe³eeb
Deposits of subsidiaries in India – –
(iii) Yeejle ceW kegÀue peceejeefMe³eeb Total Deposits in India (i + ii) 173989,29,67 150050,01,88
(iv) cetue kebÀheveer keÀer Yeejle mes yeenj peceejeefMe³eeb – –
Deposits of parent outside India
(v) men³eesieer kebÀheefve³eeW keÀer Yeejle mes yeenj peceejeefMe³eeb – –
Deposits of subsidiaries outside India
(vi) Yeejle mes yeenj kegÀue peceejeefMe³eeb Total Deposits outside India (iv + v) – –
peesæ[ TOTAL (III & VI) – –
peesæ[ TOTAL (C iii + C vi ) 173989,29,67 150050,01,88

173
 Annual Report 2020-21

Devegmet®eer - 4 : GOeeefj³eeb (` npeej ceW)

SCHEDULE - 4 : BORROWINGS (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. Yeejle ceW GOeeefj³eeb BORROWINGS IN INDIA
i) Yeejleer³e efjpeJe& yeQkeÀ mes Reserve Bank of India 500,00,00 478,00,00
ii) Dev³e yeQkeÀeW mes Other Banks – –
iii) Dev³e mebmLeeveeW Deewj SpeWefme³eeW mes
Other Institutions and Agencies 51,59,79 85,79,79
iv) ef[yesW®ej Debenture – –
v) Dev³e GOeeefj³eeb Other Borrowings
keÀ) veJeesvces<e yesceer³eeoer $eÝCe efueKeleW (DeeF&heer[erDeeF&)
a) Innovative Perpetual Debt Instruments (IPDI) – –
Ke) yeeb[ kesÀ ªhe ceW peejer mebefceÞe $eÝCe hetbpeer efueKeleW
b) Hybrid Debt Capital Instruments issued as Bonds – –
ie) ieewCe $eÝCe yeeb[
c) Subordinated Debt Bonds 2605,70,00 2100,00,00
Ie) FbHe´Àe yeeb[
d) Infra Bonds 1000,00,00 4157,29,79 1000,00,00 3663,79,79
II. Yeejle kesÀ yeenj GOeeefj³eeb BORROWINGS OUTSIDE INDIA 81,45,33 6,23,39
peesæ[ TOTAL (I & II) 4238,75,12 3670,03,18
III. Ghe³eg&ÊeÀ I Je II ceW peceeveleer GOeeefj³eeb Meeefceue nQ.
SECURED BORROWINGS INCLUDED IN I & II ABOVE 500,04,79 478,04,79

Devegmet®eer - 5 : Dev³e os³eleeSb Deewj he´eJeOeeve (` npeej ceW)

SCHEDULE - 5 : OTHER LIABILITIES AND PROVISIONS (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. os³e efyeue Bills Payable 726,94,18 486,92,01

II. Deblej keÀe³ee&ue³e mecee³eespeve (efveJeue) Inter-office adjustments (net)

a. cetue kebÀheveer Parent Company 644,22,49 –

b. mene³ekeÀ kebÀheveer Subsidiary – –

III. Deblej mecetn mecee³eespeve (efveJeue) Inter group adjustment (net) – –

IV. Gheef®ele y³eepe Interest Accrued 318,25,89 309,52,38

V. Dev³e (he´eJeOeeve meefnle): Others (including provisions):

a. ceevekeÀ Deeeqmle³eeW hej he´eJeOeeve Provision against standard assets 1339,57,47 698,54,47

b. Dev³e os³eleeSb (he´eJeOeeve meefnle) 3269,77,31 4609,34,78 2893,31,47 3591,85,94

Other liabilities (including provisions)
peesæ[ TOTAL 6298,77,34 4388,30,33

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Devegmet®eer - 6 : vekeÀoer Deewj Yeejleer³e efjpeJe& yeQkeÀ ceW DeefOeMes<e (` npeej ceW)
SCHEDULE - 6 : CASH AND BALANCES WITH RESERVE BANK OF INDIA (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. neLe ceW vekeÀoer (FmeceW efJeosMeer keÀjWmeer veesì Meeefceue nw)
Cash in hand (including foreign currency notes) 1006,85,77 812,11,48
II. Yeejleer³e efjpeJe& yeQkeÀ ceW DeefOeMes<e
Balances with Reserve Bank of India
i) ®eeuet KeeleeW ceW In Current Accounts 6390,62,67 3741,57,30

ii) Dev³e KeeleeW ceW In other Accounts 5485,00,00 11875,62,67 5800,00,00 9541,57,30

peesæ[ TOTAL (I & II) 12882,48,44 10353,68,78

Devegmet®eer - 7 : yeQkeÀes ceW Mes<e leLee ceebie Deewj DeuHe met®evee Hej He´eH³e Oeve (` npeej ceW)
SCHEDULE - 7 : BALANCES WITH BANKS AND MONEY AT CALL & SHORT NOTICE (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. Yeejle ceW In India
i) yeQkeÀeW ceW DeefOeMes<e Balances with Banks in
(keÀ) ®eeuet KeeleeW ceW
(a) Current Accounts 26,19,79 39,40,69

(Ke) Dev³e pecee KeeleeW ceW

(b) Other Deposit Accounts 15,18,57 41,38,36 15,18,56 54,59,25
ii) ceebie leLee Deuhe met®evee hej he´eh³e Oeve Money at call and short notice
(keÀ) yeQkeÀeW kesÀ heeme
(a) With Banks – –

(Ke) Dev³e mebmLeeveeW kesÀ heeme

(b) With Other Institutions – – – –

peesæ[ TOTAL (i & ii) 41,38,36 54,59,25

II. Yeejle kesÀ yeenj Outside India

i) yeQkeÀeW ceW DeefOeMes<e Balances with Banks in
(keÀ) ®eeuet KeeleeW ceW
(a) Current Accounts – –

(Ke) Dev³e pecee KeeleeW ceW

(b) Other Deposit Accounts 17,91,20 38,74,05

(ie) ceebie leLee Deuhe met®evee hej he´eh³e Oeve

(c) Money at Call & Short Notice – 17,91,20 – 38,74,05

peesæ[ TOTAL 17,91,20 38,74,05

kegÀue peesæ[ GRAND TOTAL (I & II) 59,29,56 93,33,30

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Devegmet®eer - 8 : efveJesMe (` npeej ceW)

SCHEDULE - 8 : INVESTMENTS (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. Yeejle ceW efveJesMe Investments in India in
keÀ) mejkeÀejer he´efleYetefle³eeb (Kepeevee efyeue Je peerjes ketÀheve yeeb[eW meefnle)
a) Government Securities (inclusive of treasury bills & zero 61115,15,64 45639,06,48
coupon bonds)
Ke) Dev³e Devegceesefole he´efleYetefle³eeb
b) Other approved securities – –
ie) Mes³eme&
c) Shares 292,61,34 277,71,29
Ie) ef[yeW®eme& Deewj yeeb[
d) Debentures and Bonds 4985,23,01 2547,27,47
æ[) mene³ekeÀ he´efleÿeveeW ceW efveJesMe
(` 231822 keÀer meeKe meefnle, iele Je<e& ` 231822)
e) Investment in Associates 242,23,28 222,17,39
(Including Goodwill of ` 231822, previous year ` 231822)
®e) Dev³e
f) Others
i) ³etìerDeeF& / c³eg®³egDeue HebÀ[eW kesÀ ³etefveì
Units of U T I/ Mutual funds 373,36,27 384,77,13
ii) pecee he´ceeCehe$e Certificate of Deposits 1272,84,84 8819,59,38
iii) JeeefCeeqp³ekeÀ he´he$e Commercial Papers – –
iv) heerìermeer PTCs – –
v) Dev³e Others – 1646,21,11 – 9204,36,51

peesæ[ TOTAL 68281,44,38 57890,59,14

II. Yeejle mes yeenj efveJesMe Investments outside India
i) mejkeÀejer he´efleYetefle³eeb (mLeeveer³e he´eefOekeÀeefj³eeW meefnle) – –
Govt. Securities (including Local Authorities)
ii) mene³ekeÀ he´efleÿeveeW ceW efveJesMe Investment in Associates – –
iii) Dev³e efveJesMe (mheä keÀjW) Other Investment (to be specified) – –

peesæ[ TOTAL – –
kegÀue peesæ[ (I Je II) GRAND TOTAL (I & II) 68281,44,38 57890,59,14
III Yeejle ceW mekeÀue efveJesMe Investments in India
i) efveJesMeeW keÀe mekeÀue cetu³e Gross Value of Investments 68816,49,80 58321,07,88
ii) cetu³e-ݸme nsleg he´eJeOeeveeW keÀe pees[ 535,05,42 430,48,74
Aggregate of Provisions for Depreciation
iii) efveJeue efveJesMe (i-ii) Net Investment (i-ii) 68281,44,38 57890,59,14

efveJesMeeW kesÀ efJeJejCe Details of Investments:

i) men³eesieer he´efleÿeveeW ceW efveJesMe Investment in Associates 242,23,28 222,17,39

ii) Dev³e efveJesMe Other Investments 68039,21,10 57668,41,75

peesæ[ (i Je ii) TOTAL (i & ii) 68281,44,38 57890,59,14

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Devegmet®eer - 9 : Deefie´ce (` npeej ceW)

SCHEDULE - 9 : ADVANCES (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
keÀ yeÆeke=Àle Je Kejeros ieS efyeue
A. i) Bills purchased and discounted 801,41,17 494,70,10
vekeÀo $eÝCe, DeesJej[^eHeÌì Deewj ceebie hej he´eflemebos³e $eÝCe
ii) Cash Credits, Overdrafts & Loans repayable on demand 34428,65,34 39427,00,65
ceer³eeoer $eÝCe
iii) Term Loans 67175,10,17 46949,94,34
ÒeeH³e ueerpe
iv) Lease Receivable – 102405,16,68 – 86871,65,09
peesæ[ TOTAL 102405,16,68 86871,65,09
Ke i) cetle& Deeeqmle³eeW Üeje he´efleYetle (yener $eÝCe hej Deefie´ceeW meefnle)
B. Secured by tangible assets (includes advances against
Book Debts) 87752,12,98 71104,64,03
ii) yeQkeÀ / mejkeÀejer he´efleYetefle³eeW Üeje mebjef#ele
Covered by Bank/Government Guarantees 476,47,29 204,07,43
iii) Demebjef#ele Unsecured 14176,56,41 102405,16,68 15562,93,63 86871,65,09
peesæ[ TOTAL 102405,16,68 86871,65,09
ie I. Yeejle ceW Deefie´ce
C. Advances in India
i) he´eLeefcekeÀlee #es$e Priority Sector 45549,81,00 35908,48,14
ii) meeJe&peefvekeÀ #es$e Public Sector 15264,01,06 8006,79,63
iii) yeQkeÀ Banks 47,50 6,29,07
iv) Dev³e Others 41590,87,12 102405,16,68 42950,08,25 86871,65,09
II. Yeejle mes yeenj Deefie´ce Advances outside India
i) yeQkeÀeW mes os³e Due from banks – –
ii) Dev³eeW mes os³e Due from others – –
iii) yeÆeke=Àle Je Kejeros ieS efyeue Bills purchased and discounted – –
iv) mebIeer³e $eÝCe Syndicated Loans – –
v) Dev³e Others – – – –
peesæ[ TOTAL (C.I & C.II) 102405,16,68 86871,65,09

Devegmet®eer - 10 : eqmLej Deeeqmle³eeb (` npeej ceW)

SCHEDULE - 10 : FIXED ASSETS (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&)
As on 31st March, 2021
(Current Year)
I heefjmej Premises
1. efJeiele Je<e& keÀer 31 cee®e& keÀer eqmLeefle kesÀ Devegmeej ueeiele hej (hetJe&Jeleea Je<eeX ceW
kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2020
(Previous Year)

kegÀí heefjmejeW kesÀ hegvecet&u³eebkeÀve kesÀ keÀejCe ngF& keÀercele ceW Je=ef× Meeefceue nw)
At cost as on 31st March of the preceding year (includes 1661,51,26 1663,97,11
increase in the value on account of revaluation of certain
premises in earlier years)
2. Je<e& kesÀ oewjeve Je=ef× Addition during the Period 42,61,37 ,8,46
3. Je<e& kesÀ oewjeve hegvecet&u³eve kesÀ keÀejCe Je=ef× – –
Addition on account of revaluation during the year
1704,12,63 1664,05,57
4. Je<e& kesÀ oewjeve keÀceer Deduction during the year – 2,54,31
1704,12,63 1661,51,26
5 DeÐeleve cetu³e-neme Depreciation to date 402,10,25 1302,02,38 310,98,61 1350,52,65
II œÏ¢ÇÅ¡¸¸š¸ú›¸ œ¸¿]¸»úŠ¸÷¸ ˆÅ¸¡¸Ä Capital Work in progress 52,01,01 71,77,44

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 Annual Report 2020-21

III Dev³e eqmLej Deeeqmle³eeb (HeÀe|ve®ej Je efHeÀkeÌm®ej meefnle)

Other Fixed Assets (including furniture and fixtures)
1. efJeiele Je<e& kesÀ 31 cee®e& keÀer eqmLeefle kesÀ Devegmeej ueeiele hej 1384,86,26 1328,71,25
At cost as on 31st March of the preceding year
2. Je<e& kesÀ oewjeve Je=ef× 166,27,84 76,32,64
Addition during the Period
1551,14,10 1405,03,89
3. Je<e& kesÀ oewjeve keÀceer Deduction during the Period 22,69,17 20,17,79
1528,44,93 1384,86,10
4 DeÐeleve cetu³e-ݸme Depreciation to date 1208,47,93 319,97,00 1130,97,03 253,89,07
peesæ[ TOTAL (I & II) 1674,00,39 1676,19,16

Devegmet®eer - 11 : Dev³e Deeeqmle³eeb (` npeej ceW)

SCHEDULE - 11 : OTHER ASSETS (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. Deblej-keÀe³ee&ue³e mecee³eespeve (efveJeue) Inter-office adjustments (net)
keÀ a. cetue ˆ¿Åœ¸›¸ú Parent Company – 657,94,63

Ke b. mene³ekeÀ ˆ¿Åœ¸›¸ú Subsidiaries Company – –

II Gheef®ele y³eepe Interest accrued 1409,20,71 1088,41,79
III. Deefie´ce ªhe mes he´oÊe keÀj / ñeesle hej keÀeìe ie³ee keÀj
Tax paid in advance/tax deducted at source 1740,08,19 291,67,74
IV. uesKeve meeceie´er Deewj mìebhe Stationery and Stamps 2,45,36 3,19,64
V. oeJeeW kesÀ efveheìeve nsleg Dee|pele iewj-yeQeEkeÀie Deeeqmle³eeb
Non-banking assets acquired in satisfaction of claims – –
VI. Dev³e* (DeejDeeF&[erSHeÀ meefnle) Others * (incl RIDF) 8380,97,42 10090,83,91

peesæ[ TOTAL (I, II, III, IV, V & VI) 11532,71,68 12132,07,71

*DeemLeefiele keÀj, ³eefo keÀesF& nes, meefnle.

*includes deferred tax if any.
Devegmet®eer - 12 : DeekeÀeqmcekeÀ os³eleeSb (` npeej ceW)
SCHEDULE - 12 : CONTINGENT LIABILITIES (` in thousands)

31 cee®e& 2021 keÀer efmLeefle 31 cee®e& 2020 keÀer efmLeefle

kesÀ Devegmeej (®eeuet Je<e&) kesÀ Devegmeej (iele Je<e&)
As on 31st March, 2021 As on 31st March, 2020
(Current Year) (Previous Year)
I. yeQkeÀ kesÀ efJeª× oeJes efpevnW $eÝCe kesÀ ªhe ceW mJeerkeÀej veneR efkeÀ³ee ie³ee nw.
Claims against the Bank not acknowledged as debts 1396,64,66 1062,30,50
II. DeebefMekeÀ He´oÊe efveJesMeeW kesÀ efueS oeef³elJe
Liability for partly paid investments – –
III. yekeÀe³ee Jee³eoe efJeefvece³e mebefJeoeDeeW kesÀ yeeyele oeef³elJe*
Liability on account of outstanding forward exchange
contracts* 19947,68,29 18636,28,47
IV. mebIeìkeÀeW keÀer Deesj mes oer ieF& ieejbefì³eeb
Guarantees given on behalf of constituents
(keÀ) Yeejle ceW (a) In India 7959,46,35 8352,25,64
(Ke) Yeejle kesÀ yeenj (b) Outside India 76,72,98 8036,19,33 122,16,63 8474,42,27
V. mJeerke=Àefle³eeb, he=ÿebkeÀve Deewj Dev³e yeeO³eleeSb
Acceptances, endorsements and obligations 1252,30,69 889,77,57
VI. Dev³e yeeO³eleeSb efpevekesÀ efueS yeQkeÀ DeekeÀeqmcekeÀ ªhe mes GÊejoe³eer nw
Other items for which Bank is contigently liable 494,89,47 429,06,02
peesæ[ TOTAL (I, II, III, IV, V & VI) 31127,72,44 29491,84,83

* Jee³eoe efJeefvece³e mebefJeoeDeeW kesÀ mebyebOe ceW DeekeÀeqmcekeÀ os³eleeDeeW ceW efye¬eÀer Je Kejero oesveeW he´keÀej keÀer mebefJeoeSb Meeefceue nQ.
* Contingent liabilities in respect of forward exchange contracts include both sale and purchase contracts

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Devegmet®eer - 13 : Dee|pele y³eepe (` npeej ceW)

SCHEDULE - 13 : INTEREST EARNED (` in thousands)

31 cee®e& 2021 keÀes meceeHle Je<e& 31 cee®e& 2020 keÀes meceeHle Je<e&
(®eeuet Je<e&) (iele Je<e&)
Year ended 31st March 2021 Year ended 31st March 2020
(Current Year) (Previous Year)
I. Deefie´ceeW / efyeueeW hej y³eepe / yeÆe 7153,92,92 6409,27,01
Interest/Discount on Advances/Bills
II. efveJesMeeW hej y³eepe
Interest on Investments 4296,73,46 4321,32,97
IeìeSb - efveJesMeeW keÀe heefjMeesOeve 143,24,07 4153,49,39 118,55,92 4202,77,05
Less - Amortisation of Investments
III. Yeejleer³e efjpeJe& yeQkeÀ kesÀ heeme Mes<e Deewj Dev³e Deblej yeQkeÀ efveefOe³eeW hej y³eepe
Interest on balances with Reserve Bank of India & other inter 315,07,38 240,98,13
bank funds
IV Dev³e Others (incl RZOF) 246,13,32 642,50,79

peesæ[ TOTAL (I, II, III & IV) 11868,63,01 11495,52,98

Devegmet®eer - 14 : Dev³e Dee³e (` npeej ceW)

SCHEDULE - 14 : OTHER INCOME (` in thousands)

31 cee®e& 2021 keÀes meceeHle Je<e& 31 cee®e& 2020 keÀes meceeHle Je<e&
(®eeuet Je<e&) (iele Je<e&)
Year ended 31st March 2021 Year ended 31st March 2020
(Current Year) (Previous Year)
I. keÀceerMeve efJeefvece³e Deewj oueeueer 1001,50,45 851,24,28
Commission, exchange, and brokerage
II. efveJesMeeW kesÀ efJe¬eÀ³e hej ueeYe
Profit on sale of investments 602,09,48 358,52,93
IeìeSb : efveJesMeeW kesÀ efJe¬eÀ³e hej neefve
Less : Loss on sale of Investments 35,93,60 566,15,88 19,14,89 339,38,04
III. efveJesMeeW kesÀ hegvecet&u³eve hej ueeYe
Profit on revaluation of Investments – –
IeìeSb : efveJesMeeW kesÀ hegvecet&u³eve hej neefve
Less: Loss on revaluation of Investments – – – –
IV. Yetefce, YeJeveeW Deewj Dev³e Deeeqmle³eeW kesÀ efJe¬eÀ³e hej ueeYe
Profit on sale of land, buildings and other assets 2,15,15 6,55,03
IeìeSb : Yetefce, YeJeveeW Deewj Dev³e Deeeqmle³eeW kesÀ efJe¬eÀ³e hej neefve
Less : Loss on sale of land,buildings and other assets 1,70,27 ,44,88 1,74,10 4,80,93
V. efJeefvece³e mebJ³eJenejeW hej ueeYe
Profit on Exchange Transactions 153,34,10 164,68,16
IeìeSb : efJeefvece³e mebJ³eJenejeW hej neefve
Less: Loss on Exchange Transactions ,, 153,34,10 ,,14 164,68,02
VI. Yeejle / efJeosMeeW ceW eqmLele meb³egÊeÀ GÐeceeW / mene³ekeÀ kebÀheefve³eeW Fl³eeefo mes
ueeYeebMeeW kesÀ ªhe ceW Dee|pele Dee³e
Income earned by way of dividends etc. from subsidiaries/ 1,35,27 1,71,56
companies and/or Joint Ventures abroad/in India
VII. efJeefJeOe Dee³e Miscellaneous Income 903,72,06 288,39,98

peesæ[ TOTAL (I, II, III, IV, V, VI & VII) 2626,52,64 1650,22,81

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Devegmet®eer - 15 : J³e³e efkeÀ³ee ie³ee y³eepe (` npeej ceW)

SCHEDULE - 15 : INTEREST EXPENDED (` in thousands)

31 cee®e& 2021 keÀes meceeHle Je<e& 31 cee®e& 2020 keÀes meceeHle Je<e&
(®eeuet Je<e&) (iele Je<e&)
Year ended 31st March 2021 Year ended 31st March 2020
(Current Year) (Previous Year)
I. peceejeefMe³eeW hej y³eepe Interest on deposits 6525,06,37 6756,27,03
II. Yeejleer³e efjpeJe& yeQkeÀ / Deblej yeQkeÀ GOeeefj³eeW hej y³eepe 49,65,06 20,56,03
Interest on Reserve Bank of India / inter-bank borrowings
III. Dev³e Others 395,46,93 438,90,05

peesæ[ TOTAL (I, II & III) 6970,18,36 7215,73,11

Devegmet®eer - 16 : heefj®eeueve J³e³e (` npeej ceW)

SCHEDULE - 16 : OPERATING EXPENSES (` in thousands)

31 cee®e& 2021 keÀes meceeHle Je<e& 31 cee®e& 2020 keÀes meceeHle Je<e&
(®eeuet Je<e&) (iele Je<e&)
Year ended 31st March 2021 Year ended 31st March 2020
(Current Year) (Previous Year)
I. keÀce&®eeefj³eeW keÀes Yegieleeve Deewj GvekesÀ efueS he´eJeOeeve
Payments to and provisions for employees 2255 ,77 ,54 1744 ,59 ,49
II. efkeÀje³ee, keÀj Deewj efyepeueer
Rent,taxes and lighting 218 ,23 ,32 214 ,97 ,71
III. cegêCe Deewj uesKeve meeceie´er
Printing and stationery 17 ,69 ,06 21 ,62 ,66
IV. efJe%eeheve Deewj he´®eej
Advertisement and publicity 39 ,29 ,07 25 ,69 ,61
V. yeQkeÀ keÀer mebheefÊe hej cetu³e-ݸme (cetu³e-ݸme IeìekeÀj hegvecet&u³eve Deejef#eefle
keÀes Debleefjle)
Depreciation on Bank's property (Net of depreciation transferred
to Revaluation Reserve) 188 ,11 ,12 210 ,94 ,81
VI. efveosMekeÀeW keÀer HeÀerme, YeÊes Deewj J³e³e
Directors' fees, allowances and expenses ,33 ,46 77 ,75
VII. uesKee hejer#ekeÀeW keÀer HeÀerme Deewj J³e³e (FmeceW MeeKee uesKee hejer#ekeÀeW keÀer HeÀerme Deewj
J³e³e Meeefceue nQ)
Auditors' fees and expenses (incl. branch auditors' fees and
expenses) 19 ,59 ,87 17 ,58 ,48
VIII efJeefOe he´Yeej
Law Charges 18 ,35 ,88 19 ,65 ,84
IX [ekeÀ, leej Deewj ìsueerHeÀesve Deeefo
Postage, Telegrams, Telephones, etc. 56 ,70 ,52 54 ,55 ,03
X cejccele Deewj jKejKeeJe
Repairs and maintenance 168 ,26 ,01 180 ,30 ,08
XI yeercee
Insurance 198 ,67 ,14 151 ,03 ,12
XII Dev³e J³e³e
Other expenditure 384 ,87 ,69 440 ,21 ,41
peesæ[ TOTAL (I,II,III,IV,V,VI,VII,VIII,IX,X,XI & XII) 3565 ,90 ,68 3081 ,95 ,99

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‚›¡¸˜¸¸ ˆÅ¸ „¥¥¸½‰¸ ›¸ í¸½—
SCHEDULE 17 – SIGNIFICANT ACCOUNTING POLICIES
(ANNEXED TO AND FORMING PART OF THE CONSOLIDATED
ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021.)
1. Basis of Preparation of Financial Statements:
1.1 The financial statements are prepared under the historical
cost conventions except as otherwise stated and conform to
the Generally Accepted Accounting Principles (GAAP) which
include statutory provisions, practices prevailing within the
Banking Industry in India, the regulatory/ Reserve Bank of
India (“RBI”) guidelines, applicable Accounting Standards/
Guidance Notes issued by the Institute of Chartered
Accountants of India (ICAI).
1.2 Use of Estimates
The preparation of financial statements requires the
management to make estimates and assumptions
considered in the reported amount of Assets and Liabilities
(including contingent liabilities) as of the date of financial
statements and reported income and expenses for the period
under report. Management is of the view that the estimates
used in the preparation of financial statements are prudent
and reasonable. Future results could differ from these
estimates. Any revisions to the accounting estimates shall be
recognized prospectively unless otherwise stated.

1.3 ž¸¸£÷¸ú¡¸ ¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ ¬¸¿¬˜¸¸›¸ ׸£¸ ]¸¸£ú ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 21 - "¬¸Ÿ¸½¢ˆÅ÷¸ 1.3 The Consolidated Financial Statements have been prepared
in accordance with Accounting Standard 21 – “Consolidated
¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸" ‚¸¾£ ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 23- "¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ¬¸í¸¡¸ˆÅ Financial Statements” and Accounting Standard 23 –
œÏ¢÷¸«“¸›¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸ í½÷¸º ¥¸½‰¸¸¿ˆÅ›¸" ˆ½Å ‚›¸º¬¸¸£ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ ÷¸¾¡¸¸£ “Accounting for Investments in Associates in Consolidated
¢ˆÅ¡¸½ Š¸¡¸½ íÿ— Financial Statements”, issued by the Institute of Chartered
Accountants of India.
1.4 ‡½¬¸½ ¬˜¸¸›¸¸Ê ˆÅ¸½ Ž¸½”õˆÅ£ ¢]¸›¸ˆÅ¸ „¥¥¸½‰¸ œ¸¢£\Ž½™ 7.1 Ÿ¸Ê ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, £¸]¸¬¨¸
‚¸¾£ ¥¸¸Š¸÷¸ ˆÅ¸½ „œ¸\¸¡¸ ‚¸š¸¸£ œ¸£ ¥¸½‰¸¸¤¸š™ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— 1.4 Revenue and costs are accounted for on accrual basis
except as stated in para 7.1 below.
1.5 ¤¸ÿ¢ˆ¿ÅŠ¸ ¨¡¸¨¸¬¸¸¡¸ ˆ½Å ¬¸¿™ž¸Ä Ÿ¸Ê £¸]¸¬¨¸ ‚¢ž¸¢›¸š¸¸Ä£µ¸, ¢›¸¨¸½©¸¸Ê ¨¸ ‚¢ŠÏŸ¸¸Ê ¬¸½ 1.5 The accounting policies with regard to Revenue Recognition,
¬¸¿¤¸¿¢š¸÷¸ ¥¸½‰¸¸ ›¸ú¢÷¸¡¸¸¿ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¬¸Ÿ¸¡¸-¬¸Ÿ¸¡¸ œ¸£ ¢›¸š¸¸Ä¢£÷¸ Investments and Advances in relation to Banking Business
¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¥¸½‰¸¸ Ÿ¸¸›¸™¿”¸Ê ˆ½Å ‚›¸º¬¸¸£ íÿ— are in conformity with the prudential norms issued by the
Reserve Bank of India from time to time.
1.6 ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ ˆÅ¸½ ÷¸¾¡¸¸£ ˆÅ£›¸½ Ÿ¸Ê ¬¸í¸¡¸ˆÅ ‚¸¾£ ¬¸í¡¸¸½Š¸ú œÏ¢÷¸«“¸›¸
ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ 31 Ÿ¸¸\¸Ä, 2021 ˆ½Å ‚›¸º¬¸¸£ ¤¸›¸¸¡¸½ Š¸¡¸½ íÿ— 1.6 The financial statements of the subsidiary and associate
considered in preparation of Consolidated Financial
Statement are drawn up to 31st March 2021.
2. ¬¸Ÿ¸½ˆÅ›¸ ˆ½Å ¢¬¸Ö¸¿÷¸
ˆÅ. Ÿ¸»¥¸ ƒˆÅ¸ƒÄ À ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ ¤¸ÿˆÅ ‚¸ÁûÅ Ÿ¸í¸£¸«’ï, Ÿ¸»¥¸ ƒˆÅ¸ƒÄ ‚¸¾£ ƒ¬¸ˆ½Å ¬¸í¸¡¸ˆÅ 2. Principles of Consolidation:
œÏ¢÷¸«“¸›¸ ¬¸¢í÷¸ ƒ¬¸ˆ½Å ‚›¸º«¸¿¢Š¸¡¸¸Ê ˆÅ¸½ ©¸¸¢Ÿ¸¥¸ ˆÅ£ ¢›¸Ÿ›¸¸›¸º¬¸¸£ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢ˆÅ‡ Š¸‡ íÿ— A. Parent Entity: The Financial Statements are consolidated for
‰¸. ¬¸¿¤¸Ö ƒˆÅ¸ƒÄ Bank of Maharashtra, the parent entity and its subsidiary along
with associated enterprise as follows.
¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 21 - ``¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸'' ˆ½Å ‚›¸º¬¸¸£ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ¬¸í¸¡¸ˆÅ
B. Related Entity:
œÏ¢÷¸«“¸›¸ ˆÅ¸½ ¬¸Ÿ¸½ˆÅ›¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
The following subsidiary has been consolidated as per Accounting
Standard 21 – “Consolidated Financial Statement”.
™½©¸/ ¬¨¸¸¢Ÿ¸÷¨¸
ˆ¿Åœ¸›¸ú ˆÅ¸ ›¸¸Ÿ¸ ¬¸¿¤¸¿š¸
‚¸¨¸¸¬¸ ¢í÷¸ Country / Ownership
Name of the company Relationship
Residence Interest
™ú Ÿ¸í¸£¸«’ï ‡Æ¬¸Æ¡¸»’£ ‡¿” ž¸¸£÷¸ œ¸»µ¸Ä 100% The Maharashtra
’﬒ú ˆÅœ¸›¸ú œÏ¸.¢¥¸. (‚¤¸ ¬¨¸¸¢Ÿ¸÷¨¸¨¸¸¥¸ú Wholly
Executor & Trustee
India Owned 100%
Ÿ¸½’ˆÅ¸½ ˆ½Å ²Åœ¸ Ÿ¸Ê ¢›¸¢™Ä«’) ‚›¸º«¸¿Š¸ú Co. Pvt. Ltd. (hereafter
Subsidiary
referred to as “METCO”)
¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 23 - ``¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ¬¸í¸¡¸ˆÅ œÏ¢÷¸«“¸›¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸ The following associate enterprise has been accounted for under
í½÷¸º ¥¸½‰¸¸¿ˆÅ›¸'' ˆ½Å ‚›¸º¬¸¸£ ƒ¦Æ¨¸’ú œ¸š™¢÷¸ ¬¸½ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ¬¸í¸¡¸ˆÅ œÏ¢÷¸«“¸›¸ ˆÅ¸ the Equity Method as per Accounting Standard 23 – “Accounting for
¥¸½‰¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— Investments in Associates in Consolidated Financial Statements”

™½©¸/ Ÿ¸¸¢¥¸ˆÅ¸›¸¸ Country / Ownership

ˆ¿Åœ¸›¸ú ˆÅ¸ ›¸¸Ÿ¸ ¬¸¿¤¸¿š¸ Name of the company Relationship
Residence Interest
‚¸¨¸¸¬¸ ¢í÷¸
Maharashtra Gramin Bank
Associate
Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ (¤¸ÿˆÅ ž¸¸£÷¸ ¬¸í¸¡¸ˆÅ 35% (sponsored by Bank of India 35%
Enterprise
Maharashtra)
‚¸ÁûÅ Ÿ¸í¸£¸«’ï ׸£¸ œÏ¸¡¸¸½¢]¸÷¸) „Ô¸Ÿ¸

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4. ¢›¸¨¸½©¸ À
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4.1 ¢›¸¨¸½©¸ ¢›¸Ÿ›¸¸¿¢ˆÅ÷¸ ª½¢µ¸¡¸¸Ê Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ‡ Š¸‡ íÿÀ
ˆÅ. œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ (‡\¸’ú‡Ÿ¸)
‰¸. ¢¤¸ÇÅú ˆ½Å ¢¥¸‡ „œ¸¥¸¤š¸ (‡‡ûҬ¸)
Š¸. ¨¡¸¸œ¸¸£ ˆ½Å ¢¥¸‡ š¸¸¢£÷¸ (‡\¸‡ûÅ’ú)
182
Annual Report 2020-21
C. Basis of Preparation of Consolidated Financial Statements &
its impact
The Consolidated Financial Statements of the Group have been
prepared on the basis of : -
i. Audited financial statement of Bank of Maharashtra.
ii. Line by line aggregation of each item of asset/ liability/
income/ expense of the subsidiary with the respective item
of the Parent, and after eliminating all material intra-group
balances/transactions in accordance with Accounting
Standard 21 – “Consolidated Financial Statements” issued
by ICAI.
iii. Accounting for investment in ‘Associates’ under the ‘Equity
Method’ as per AS 23 “Accounting for Investments in
Associates in Consolidated Financial Statements” issued by
the ICAI. The excess of carrying cost of bank’s investment in
associate is recognized in the financial statements as goodwill.
iv. The difference between cost to the group of its investment in
the subsidiary entities and the group’s portion of the equity of
the subsidiaries is recognised in the financial statements as
goodwill / capital reserve.
The subsidiary has used accounting policies other than those
adopted by the Bank in certain cases for like transactions &
events in similar circumstances. No adjustments have been
made to the financial statements of the subsidiary, when they
are used in preparing the consolidated financial statements.
However, the proportion of the items in the consolidated
financial statements to which the different accounting policies
are applied by the subsidiary is insignificant.
The financial statements of the subsidiary have been
regrouped with that of the parent bank, wherever necessary.
3. Foreign Exchange Transactions:
3.1 The foreign currency transactions are translated at the
weekly average closing rates for the preceding week as
published by Foreign Exchange Dealers' Association of
India (FEDAI). Revaluation of foreign currency assets and
liabilities as on Balance Sheet date is done at the closing
exchange rate published by FEDAI and the resultant profit/
loss is accounted for in the Profit & Loss Account.
3.2 Outstanding Forward Foreign Exchange Contracts are stated
at contracted rates and revalued/ marked to market as on
quarterly basis and on Balance Sheet date at the exchange
rates published by FEDAI for specified maturities by
discounting the same at the applicable MIFOR rate published
by Fixed Income Money Market and Derivatives Association
of India [FIMMDA] - Reuter, i.e. on PV01 basis. The resulting
profit/loss, on revaluation, is recognized in the Profit & Loss
Account in accordance with RBI / FEDAI guidelines and the
effect is taken to “Other Assets” in case of gain or to “Other
Liabilities” in case of loss.
3.3 Contingent Liabilities on account of Guarantees and Letters
of Credit issued in foreign currency are stated in the Balance
Sheet at the closing exchange rates published by FEDAI.
3.4 Credit exposure of the un-hedged foreign currency exposure,
if any, of the constituents shall attract provisioning and capital
requirements as per RBI guidelines.
4. Investments:
As per Reserve Bank of India guidelines, the investments are
classified and valued as under:
4.1 Investments are classified in the following categories:
a. Held to Maturity (HTM)
b. Available for sale (AFS)
c. Held for trading (HFT)
Jeeef<e&keÀ efjHeesì& 2020-21
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íú ¢ˆÅ¡¸¸ ]¸¸‡Š¸¸—
4.4 £½œ¸¸½/ ¢£¨¸¬¸Ä £½œ¸¸½ À
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¢£]¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢›¸¢¨¸¢™Ä«’ ¬¸Ÿ¸¸›¸ ¥¸½‰¸¸ œ¸Ö¢÷¸ ˆÅ¸½ ‚œ¸›¸¸¡¸¸ í¾— £½œ¸¸½ ‚¸¾£
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¬¸í¸¡¸ˆÅ „š¸¸¢£¡¸¸¿/ †µ¸ œ¸¢£\¸¸¥¸›¸ Ÿ¸¸›¸¸ ]¸¸÷¸¸ í¾— £½œ¸¸½ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¤¸½\¸ú Š¸ƒÄ
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]¸¸÷¸¸ í¾—
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œÏ¸œ÷¸ ¤¡¸¸]¸/ ¦¬˜¸£ ‚¸¡¸
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£¸¢©¸ ¬¸½ ˆÅ¸’¸/ ]¸¸½”õ¸ Š¸¡¸¸ í¾—
4.6 ¢›¸¨¸½©¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ À
ˆÅ. œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ À
i) œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ž¸¸¢£÷¸ ‚¸¾¬¸÷¸ ¥¸¸Š¸÷¸
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œÏú¢Ÿ¸¡¸Ÿ¸ ˆÅ¸ œ¸¢£©¸¸½š¸›¸ œ¸¢£œ¸Æ¨¸÷¸¸ ˆÅú ©¸½«¸ ‚¨¸¢š¸ Ÿ¸Ê ¬¸úš¸ú £½‰¸¸ œ¸Ö¢÷¸
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ii) ¬¸í¸¡¸ˆÅ œÏ¢÷¸«“¸›¸¸Ê ‚¸¾£ ¬¸¿¡¸ºÆ÷¸ „Ô¸Ÿ¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸¸Ê ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê Ÿ¸»¥¡¸¸Ê Ÿ¸Ê
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iii) ƒ¬¸ ª½µ¸ú Ÿ¸Ê ¢›¸¨¸½©¸ ˆ½Å ¢¨¸ÇÅ¡¸ œ¸£ (ˆÅ) ¢›¸¨¸¥¸ ¥¸¸ž¸ ˆÅ¸½ œ¸í¥¸½ ¥¸¸ž¸ í¸¢›¸
¥¸½‰¸½ Ÿ¸Ê ¥¸½‰¸¸¤¸š™ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ „¬¸ˆ½Å ¤¸¸™ ‡½¬¸½ ¥¸¸ž¸ ¥¸¸Š¸» ˆÅ£ ‚¸¾£
183
4.2 All the investments are further classified in the following six
baskets in conformity with the requirement of Form-A of Third
Schedule to the Banking Regulation Act, 1949:
a. Government Securities
b. Other approved Securities
c. Shares
d. Debentures and Bonds
e. Subsidiaries and Joint Ventures
f. Others (Commercial Papers, Mutual Fund Units etc.)
4.3 Bank decides the category of each investment at the time
of acquisition and classifies the same accordingly. Shifting
of securities from one category to another, other than
shifting / transfer from HFT to AFS category, is done once
in a year with the approval of Board of Directors, at the
least of acquisition cost / book value / market value on the
date of shifting. The depreciation, if any, on such shifting is
provided for and the book value of the security is adjusted
accordingly. The transfer of securities from one category to
another is made as per permission from or guidelines of RBI.
Transfer / shifting of investments from HFT to AFS category
will be executed under exceptional circumstances, like not
being able to sell the securities within 90 days due to tight
liquidity conditions, or extreme volatility, or market becoming
unidirectional.
4.4 REPO / Reverse REPO
The Bank has adopted the Uniform Accounting Procedure
prescribed by the RBI for accounting of market Repo and
Reverse Repo transactions. Repo and Reverse Repo
transactions are treated as Collateralized Borrowing /
Lending Operations with an agreement to repurchase on the
agreed terms. Securities sold under Repo are continued to
be shown under investment and Securities purchased under
Reverse Repo are not included in investment. Outstanding
Repo / Term Repo is disclosed as borrowing and outstanding
Reverse Repo is disclosed as lending. Costs and revenues
are accounted for as interest expenditure / income, as the
case may be.
4.5 Cost of investments is determined on the basis of Weighted
Average Price method.
Interest paid for broken period / interest received for broken
period at the time of purchase / sale of fixed income securities
is treated as revenue expenditure / income.
Brokerage / incentive received / paid at the time of purchase/
sale of investment is deducted / added from the amount of
investment.
4.6 Valuation of investments:
a. Held to Maturity:
i. Securities under the category 'Held to Maturity' are
valued at weighted average acquisition cost. Wherever
the cost of security is higher than the face value, the
premium is amortized over the remaining period of
maturity on straight line basis. In case of investments,
where the cost price is less than the face value, the
difference is ignored.
ii. In case of investments in subsidiaries and joint ventures
permanent diminution in value is recognized and
provided for; investment in RRB is valued at carrying
cost.
iii. On sale of investments in this category (a) the net profit
is initially taken to profit and loss account and thereafter
such profit net of applicable taxes and proportionate
 Annual Report 2020-21

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¢¤¸ÇÅú í½÷¸º „œ¸¥¸¤š¸ ª½µ¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¨¸Š¸úĈ¼Å÷¸ ŽÀ „œ¸-ª½¢µ¸¡¸¸Ê ˆ½Å „œ¸¡¸ºÄÆ÷¸
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆ½Å ‚¸š¸¸£ œ¸£ À
(i) ¡¸¢™ ‚¸¿ˆÅ”õ¸Ê ˆÅ¸ œ¸¢£µ¸¸Ÿ¸ ‚¢š¸Ÿ¸»¥¡¸›¸ í¾ ÷¸¸½ ƒ¬¸ œ¸£ š¡¸¸›¸ ›¸íú¿ ¢™¡¸¸
Š¸¡¸¸ í¾—
transfer to statutory reserve is appropriated to the
‘Capital Reserve account’; and (b) the net loss is
charged to the Profit & Loss Account.
b. Available for Sale:
The individual securities under this category are marked to
market on a quarterly basis and on each balance sheet date.
Central/ State Government securities are valued at market
rates declared by FIMMDA. Other approved securities,
debentures and bonds are valued as per the yield curve,
average credit spread rating and methodology suggested
by FIMMDA. Quoted shares are valued at market rates.
Unquoted shares are valued at break-up value ascertained
from the latest available Balance Sheet i.e. Balance Sheet
of immediate preceding year and in case the latest Balance
Sheet is not available, the same is valued at Re.1/- per
company / scrip.
Investments in discounted instruments, viz. Treasury Bills,
Certificate of Deposits, Commercial Papers, Zero Coupon
Bonds are valued at carrying cost. Mutual Fund Instruments
are valued at market rate or repurchase price or net
asset value in that order depending on their availability.
Investments in Security Receipts (SRs) /Pass Through
Certificates (PTCs) issued by Asset Reconstruction
Companies (ARCs) in respect of financial assets sold to
ARCs are carried at lower of redemption value and net book
value (i.e. book value less provision held) of the financial
assets.
Based on the above valuation under each of six-sub
classifications under `Available for Sale':
i. If it results in appreciation, the same is ignored.

(ii) ¡¸¢™ ‚¸¿ˆÅ”õ¸Ê ˆÅ¸ œ¸¢£µ¸¸Ÿ¸ ¢›¸¨¸¥¸ Ÿ¸»¥¡¸Ý¸¬¸ í¾ ÷¸¸½ „¬¸½ ¥¸¸ž¸ ¨¸ í¸¢›¸ ‰¸¸÷¸½ ii. If it results in net depreciation, the same is charged
ˆÅ¸½ œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ‚¸¾£ ƒ¬¸½ ™½¡¸÷¸¸ ž¸¸Š¸ Ÿ¸Ê ¢›¸¨¸½©¸¸Ê œ¸£ Ÿ¸»¥¡¸Ý¸¬¸ to Profit & Loss account and credited to Provision for
í½÷¸º œÏ¸¨¸š¸¸›¸ ‰¸¸÷¸½ Ÿ¸Ê ]¸Ÿ¸¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— Depreciation on Investments (AFS) in the liability side.

(iii) ]¸í¸Â ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ‚¸¨¸©¡¸ˆÅ í¸½, iii. The book value of securities is not changed in respect
¨¸í¸Â Ž¸½”õˆÅ£ œ¸º›¸Ÿ¸»Ä¥¡¸›¸ ˆ½Å ¤¸¸™ ¤¸¸{¸¸£ í½÷¸º ¢\¸¦›í÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å ¤¸íú of marked to market (MTM) except as required by the
RBI guidelines.
Ÿ¸»¥¡¸ ˆÅ¸½ ¤¸™¥¸¸ ›¸íú¿ Š¸¡¸¸ í¾—
(iv) ƒ¬¸ ª½µ¸ú Ÿ¸Ê ¢›¸¨¸½©¸ ˆ½Å ¢¨¸ÇÅ¡¸ ¬¸½ íº‡ ¥¸¸ž¸ ¡¸¸ í¸¢›¸ ˆÅ¸½ ¥¸¸ž¸ ÷¸˜¸¸ í¸¢›¸ iv. Profit or Loss on sale of investment in this category is
accounted for in the Profit and loss account.
‰¸¸÷¸½ Ÿ¸Ê ¥¸½‰¸¸¤¸š™ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
Š¸. ¨¡¸¸œ¸¸£ í½÷¸º š¸¸¢£÷¸ À c. Held for Trading:
i. ƒ¬¸ ª½µ¸ú ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¨¸¾¡¸¢Æ÷¸ˆÅ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸½ Ÿ¸»¥¸ ¥¸¸Š¸÷¸ œ¸£ š¸¸¢£÷¸ ¢ˆÅ¡¸¸ i. The individual securities under this category are
Š¸¡¸¸ í¾ ‚¸¾£ œÏ÷¡¸½ˆÅ Ÿ¸¸í ƒ›íÊ ¤¸¸]¸¸£ í½÷¸º ¢\¸¦›í÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ˆÊÅÍ/£¸]¡¸ held at original cost and are marked to market every
¬¸£ˆÅ¸£ ˆÅú œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ``¢›¸¡¸÷¸‚¸¡¸ Ÿ¸ºÍ¸ ¤¸¸]¸¸£ ‡¨¸¿ ž¸¸£÷¸ú¡¸ month and each balance sheet date. Central/ State
Government securities are valued at market rates
¨¡¸º÷œ¸››¸ ¬¸¿‹¸'' (¢ûÅŸ¸”¸) ׸£¸ ‹¸¸½¢«¸÷¸ ¤¸¸{¸¸£ ™£¸Ê œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ‚›¡¸ declared by FIMMDA. Other approved securities,
‚›¸ºŸ¸¸½¢™÷¸ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê, ¢”¤¸Ê\¸£ ‡¨¸¿ ¤¸¸¿” ˆÅ¸ Ÿ¸»¥¡¸›¸ œÏ¢÷¸ûÅ¥¸, ‚¸¾¬¸÷¸ †µ¸ debentures and bonds are valued as per the yield
œÏ¬¸¸£ £½¢’¿Š¸ ‚¸¾£ ¢ûÅŸ¸”¸ ׸£¸ ¬¸º^¸¸ƒÄ Š¸ƒÄ œ¸š™¢÷¸ ¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— „Ö¼÷¸ curve; average credit spread rating and methodology
(ˆÅ¸½’”½ ) ©¸½¡¸£¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ¤¸¸]¸¸£ ™£¸Ê ¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— suggested by FIMMDA. Quoted Shares are valued at
market rates.
ii. ¤¸’Ã’¸Š¸÷¸ ¢¥¸‰¸÷¸¸Ê Ÿ¸Ê ¢›¸¨¸½©¸ ]¸¾¬¸½ ‰¸]¸¸›¸¸ ¢¤¸¥¸, ]¸Ÿ¸¸£¸¢©¸ œÏŸ¸¸µ¸œ¸°¸
‚¸¾£ ¨¸¸¢µ¸¦]¡¸ˆÅ œ¸½œ¸¬¸Ä, ]¸ú£¸½ ˆ»Åœ¸›¸ ¤¸¸¿” ˆÅ¸ Ÿ¸»¥¡¸›¸ £‰¸¸¨¸ ¥¸¸Š¸÷¸ œ¸£ ii. Investments in discounted instruments, viz. Treasury
Bills, Certificate of Deposits, Commercial Papers,
¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— Ÿ¡¸º\¡¸º‚¥¸ û¿Å” ¢¥¸‰¸÷¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ÇÅŸ¸©¸À ¤¸¸]¸¸£ Ÿ¸»¥¡¸
Zero Coupon Bonds are valued at carrying cost.
œ¸£ ‚˜¸¨¸¸ „›¸ˆÅú „œ¸¥¸¤š¸÷¸¸ ˆ½Å ‚¸š¸¸£ œ¸£ œ¸º›¸‰¸Ä£ú™ Ÿ¸»¥¡¸ ¡¸¸ ¢›¸¨¸¥¸ Mutual Fund Instruments are valued at market rate
‚¸¦¬÷¸ Ÿ¸»¥¡¸ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ‚¸¦¬÷¸ œ¸º›¸Š¸Ä“›¸ ˆ¿Åœ¸¢›¸¡¸¸Ê ˆÅ¸½ ¤¸½\¸ú Š¸ƒÄ or repurchase price or net asset value in that order
¢¨¸î¸ú¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê ‚¸¦¬÷¸ œ¸º›¸Š¸Ä“›¸ ˆ¿Åœ¸¢›¸¡¸¸Ê (‡‚¸£¬¸ú) ׸£¸ depending on their availability. Investments in SRs /
]¸¸£ú œÏ¢÷¸ž¸»¢÷¸ £¬¸ú™¸Ê/ œ¸ú’ú¬¸ú Ÿ¸Ê ¢›¸¨¸½©¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ¢¨¸î¸ú¡¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å PTCs issued by ARCs in respect of financial assets
sold to ARCs are carried at lower of redemption value
„›Ÿ¸¸½\¸›¸ Ÿ¸»¥¡¸ ‚¸¾£ ¢›¸¨¸¥¸ ¤¸íú Ÿ¸»¥¡¸ (‚˜¸¸Ä÷¸ ¤¸íú Ÿ¸»¥¡¸ Ÿ¸Ê ¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸
and net book value (i.e. book value less provision
œÏ¸¨¸š¸¸›¸ ‹¸’¸ˆÅ£) Ÿ¸Ê ¬¸½ ]¸¸½ ž¸ú ˆÅŸ¸ í¸½, „¬¸ ˆÅúŸ¸÷¸ œ¸£ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— held), of the financial assets.
iii. ¢›¸¨¸¥¸ ª½µ¸ú¨¸¸£ Ÿ¸»¥¡¸Ý¸¬¸, ¡¸¢™ ˆÅ¸½ƒÄ í¸½, ˆÅ¸½ ¥¸¸ž¸ ¨¸ í¸¢›¸ ‰¸¸÷¸½ iii. Net basket-wise depreciation if any, is charged to
ˆÅ¸½ œÏž¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ‚¸¾£ ƒ¬¸½ ™½¡¸÷¸¸‚¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸¨¸½©¸¸Ê Profit & Loss Account and credited to Provision on
ˆ½Å Ÿ¸»¥¡¸Ý¸¬¸ í½÷¸º œÏ¸¨¸š¸¸›¸ ‰¸¸÷¸½ Ÿ¸Ê ]¸Ÿ¸¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ¡¸¢™ ¢›¸¨¸¥¸ Depreciation on Investment (HFT) under liability. Net

184
Jeeef<e&keÀ efjHeesì& 2020-21
‚¢š¸Ÿ¸»¥¡¸›¸ í¾ ÷¸¸½ „¬¸ œ¸£ š¡¸¸›¸ ›¸íú¿ ¢™¡¸¸ Š¸¡¸¸ í¾— ]¸í¸Â ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä
¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ‚¸¨¸©¡¸ˆÅ í¸½, ¨¸í¸Â Ž¸½”õˆÅ£ œ¸º›¸Ÿ¸»Ä¥¡¸›¸
ˆ½Å ¤¸¸™ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å ¤¸íú Ÿ¸»¥¡¸ ˆÅ¸½ ¤¸™¥¸¸ ›¸íú¿ Š¸¡¸¸ í¾—
iv. ¢›¸¨¸½©¸¸Ê ˆÅú ¢¤¸ÇÅú ¬¸½ íº‡ ¥¸¸ž¸ ¡¸¸ í¸¢›¸ ˆÅ¸½ ¥¸¸ž¸ ‡¨¸¿ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ¥¸½‰¸¸¤¸Ö
¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
‹¸. œ¸º›¸¢›¸Ä¨¸½©¸¸Ê ¬¸¢í÷¸ ¥¸¸Š¸÷¸ ˆÅ¸ œÏ¸¨¸š¸¸›¸ ‡¨¸¿ ¨¸Š¸úĈţµ¸ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ
ˆ½Å ¬¸Ÿ¸¡¸ ¬¸Ÿ¸¡¸ œ¸£ ]¸¸£ú ¢™©¸¸¢›¸™½Ä©¸¸Ê ‚¸¾£ ¢›¸š¸¸Ä¢£÷¸ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä Ÿ¸¸›¸™¿”¸Ê ˆ½Å
‚›¸º¬¸£µ¸ Ÿ¸Ê ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
Œ. œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å ‚]¸Ä›¸ ˆ½Å ¬¸Ÿ¸¡¸ „œ¸¢\¸÷¸ ¥¸¸Š¸÷¸¸Ê ¡¸˜¸¸ ™¥¸¸¥¸ú, ûÅú¬¸, ˆÅŸ¸ú©¸›¸,
ˆÅ£¸Ê ƒ÷¡¸¸¢™ ˆÅ¸½ œ¸»¿]¸úˆ¼Å÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
4.7 ”½¢£¨¸½¢’¨¸ À
\¸. ¤¡¸¸]¸ ™£ ¬¨¸¾œ¸ À
i. Ÿ¸»¥¡¸¸¿ˆÅ›¸ À
ˆÅ) í½¢]¸¿Š¸ ¬¨¸¾œ¸ À í½¢]¸¿Š¸ ‚¸¦¬÷¸¡¸¸Ê ‚¸¾£ ™½¡¸÷¸¸‚¸Ê ˆÅú ¤¡¸¸]¸ ™£ ¬¨¸¾œ¸,
¤¸¸{¸¸£ í½÷¸º ¢\¸¦›í÷¸ (Ÿ¸¸Æ”Ä ’» Ÿ¸¸ˆ½ÄÅ’) ›¸íú¿ í¾—
‰¸) ’ï½¢”¿Š¸ ¬¨¸¾œ¸ À ’ï½¢”¿Š¸ „Ó½©¡¸ ¬¸½ ¤¡¸¸]¸ ™£ ¬¨¸¾œ¸ ¤¸¸{¸¸£ í½÷¸º ¢\¸¦›í÷¸
(Ÿ¸¸Æ”Ä ’» Ÿ¸¸ˆ½ÄÅ’) í¾—
(ii) ”½¢£¨¸½¢’¨¸ ¬¸¸¾™¸Ê œ¸£ ‚¸¡¸ ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸À
ˆÅ) í½¢]¸¿Š¸ ¬¨¸¾œ¸ À ¨¸¬¸»¥¸ú ˆ½Å ‚¸š¸¸£ œ¸£ ‚¸¡¸ ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸.
¨¡¸¡¸ ¡¸¢™ ˆÅ¸½ƒÄ í¾, ˆÅ¸½ „œ¸\¸¡¸ ‚¸š¸¸£ œ¸£, ¡¸¢™ ¢›¸š¸¸Ä£µ¸¡¸¸½Š¡¸ í¾,
¥¸½‰¸¸¤¸Ö ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
‰¸) ’ï½¢”¿Š¸ ¬¨¸¾œ¸ À ‚¸¡¸ ¡¸¸ ¨¡¸¡¸ ˆÅ¸½ ¢›¸œ¸’¸›¸ ˆ½Å ¢™›¸¸¿ˆÅ œ¸£ ¨¸¬¸»¥¸ú ˆ½Å ‚¸š¸¸£
œ¸£ ¥¸½‰¸¸¤¸š™ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
(iii) ¬¨¸¾œ¸ ¢›¸£¬¸›¸ œ¸£ ¥¸¸ž¸ ¡¸¸ í¸¢›¸ ˆÅ¸ ¥¸½‰¸¸
ˆÅ) í½¢]¸¿Š¸ ¬¨¸¾œ¸ À ¢›¸£¬÷¸ íº‡ ¬¨¸¾œ¸ œ¸£ ¢ˆÅ¬¸ú ž¸ú ¥¸¸ž¸ ¡¸¸ í¸¢›¸ ˆÅ¸½ (ˆÅ)
¬¨¸¾œ¸ ˆÅú ©¸½«¸ ¤¸\¸ú ¬¸¿¢¨¸™¸÷Ÿ¸ˆÅ ‚¨¸¢š¸ ¡¸¸ (‰¸) ‚¸¦¬÷¸ / ™½¡¸÷¸¸ ˆÅú ©¸½«¸
‚¨¸¢š¸ Ÿ¸Ê ¬¸½ ]¸¸½ ‚¨¸¢š¸ ˆÅŸ¸ í¸½, ˆ½Å ¢¥¸‡ ‚¢ž¸¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
‰¸) ’ï½¢”¿Š¸ ¬¨¸¾œ¸ À ¬¨¸¾œ¸ ¢›¸£¬¸›¸ œ¸£ ¢ˆÅ¬¸ú ž¸ú ¥¸¸ž¸ ¡¸¸ í¸¢›¸ ˆÅ¸½ ¢›¸£¬¸›¸ ˆ½Å
¨¸«¸Ä Ÿ¸Ê íú í¸¢›¸ ¡¸¸ ¥¸¸ž¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
4.8 ¢›¸¨¸½©¸ ‚¦¬˜¸£ ‚¸£¢®¸¢÷¸À
ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™›¸¸¿ˆÅ 02 ‚œÏ¾¥¸ 2018 ˆ½Å œ¸¢£œ¸°¸
ÇÅŸ¸¸¿ˆÅ ‚¸£¤¸ú‚¸ƒÄ/2017-18/147 ”ú¤¸ú‚¸£.ÇÅ.¤¸úœ¸ú ¤¸ú¬¸ú.
102/21.04.048/2017-18 ˆ½Å ‚›¸º¬¸¸£ ¢¨¸î¸ú¡¸ ¨¸«¸Ä 2018-19 ¬¸½ ¥¸¸Š¸»
‚¸¡¸ Ÿ¸Ê ¤¸[õ¸î½ ¸£ú ˆ½Å ¬¸Ÿ¸®¸ ¤¸ÿˆÅ ˆÅú ¬¸º£®¸¸ ˆ½Å ¢¥¸‡ œ¸¡¸¸Äœ÷¸ ‚¸£¢®¸÷¸ ¤¸›¸¸›¸½ ˆ½Å
¢¥¸‡ ¢›¸¨¸½©¸ ‚¦¬˜¸£ ‚¸£¢®¸÷¸ (‚¸ƒÄ‡ûÅ‚¸£) ¢›¸¢Ÿ¸Ä÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
‚¸ƒÄ‡ûÅ‚¸£ Ÿ¸Ê ‚¿÷¸£µ¸ ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ Ÿ¸Ê ¬¸½ ˆÅŸ¸ í¾ -
ˆÅ. ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢›¸¨¸½©¸ ˆÅú ¢¤¸ÇÅú œ¸£ ¢›¸¨¸¥¸ ¥¸¸ž¸ ¡¸¸
‰¸. ¥¸Š¸¸÷¸¸£ ‚¸š¸¸£ œ¸£, ¨¸«¸Ä ˆ½Å ¢¥¸‡ ¢›¸¨¸¥¸ ¥¸¸ž¸ ‹¸’¸‡¿ ‚¢›¸¨¸¸¡¸Ä
¢¨¸¢›¸¡¸¸½Š¸, ]¸¤¸ ÷¸ˆÅ ¢ˆÅ ‚¸ƒÄ‡ûÅ‚¸£ ˆÅú £¸¢©¸ ‡\¸‡ûÅ’ú ‚¸¾£
‚¸ƒÄ‡ûҬ¸ œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ ˆÅú ˆÅŸ¸ ¬¸½ ˆÅŸ¸ 2 œÏ¢÷¸©¸÷¸ í¸½
5. ‚¢ŠÏŸ¸À
5.1 ™©¸¸Ä‡ Š¸‡ ‚¢ŠÏŸ¸ ¤¸’Ã’½ ‰¸¸÷¸½ ¢¥¸‰¸½, ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê í½÷¸º ¢ˆÅ‡ Š¸‡
œÏ¸¨¸š¸¸›¸¸Ê, †µ¸ Š¸¸£¿’ú ¬¸¿¬˜¸¸›¸¸Ê ˆ½Å ¬¸¸˜¸ ¢›¸œ¸’¸‡ Š¸‡ ™¸¨¸¸Ê, Ÿ¸¸›¸ˆÅ œ¸º›¸¬¸ô£¢\¸÷¸
‚¢ŠÏŸ¸¸Ê ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ‚¸¾£ œ¸º›¸ž¸¸ô]¸›¸ ¬¸½ ¢›¸¨¸¥¸ íÿ—
5.2 œÏ¸¨¸š¸¸›¸¸Ê ‚¸¾£ ‚¢ŠÏŸ¸¸Ê ˆÅ¸ ¨¸Š¸úĈţµ¸ ž¸¸.¢£.¤¸ÿˆÅ ׸£¸ ¬¸Ÿ¸¡¸-¬¸Ÿ¸¡¸ œ¸£
¢¨¸¢›¸¢™Ä«’ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä Ÿ¸¸›¸™¿”¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ª½µ¸ú ˆ½Å
‚¢ŠÏŸ¸¸Ê ˆÅ¸½ Ž¸½”õˆÅ£, ‡›¸œ¸ú‡ œ¸£ œÏ¸¨¸š¸¸›¸ ž¸¸.¢£.¤¸ÿˆÅ ׸£¸ ¢›¸š¸¸Ä¢£÷¸ ™£ ¬¸½
‚¢š¸ˆÅ ¢ˆÅ‡ Š¸‡ íÿ -
‚¨¸Ÿ¸¸›¸ˆÅ - 20%
¬¸¿¢™Šš¸ ¬¸¿œ¸¢î¸ ‡ˆÅ ¬¸½ ÷¸ú›¸ ¬¸¸¥¸ - œÏ÷¡¸¸ž¸»÷¸ ¢í¬¬¸½ œ¸£ 50%
185
appreciation, if any is ignored. The book value of the
securities is not changed after revaluation except as
required by the RBI guidelines.
iv. Profit or loss on sale of investment in this category is
accounted for in the Profit & Loss Account.
d. Classification of and provisions on investments, including
on restructured investments, are made in accordance with
the prudential norms prescribed by and guidelines of RBI
from time to time.
e. Costs such as brokerage, fees, commission, taxes etc.
incurred at the time of acquisition of securities are capitalized
4.7 Derivatives:
f. Interest Rate Swaps:
i. Valuation:
a. Hedging Swaps: Interest Rate Swaps for hedging
assets and liabilities are not marked to market.
b. Trading Swaps: Interest Rate Swaps for trading
purpose are marked to market.
ii. Accounting of income on derivative deals:
a. Hedging Swaps: Income is accounted for on realization
basis. Expenditure, if any, is accounted for on accrual
basis, if ascertainable.
b. Trading Swaps: Income or expenditure is accounted
for on realization basis on settlement date.
iii. Accounting of gain or loss on termination of swaps:
a. Hedging Swaps: Any gain or loss on the terminated
swap is recognized over the shorter of (a) the remaining
contractual life of the swap or (b) the remaining life of
the asset/ liability.
b. Trading Swaps: Any gain or loss on terminated swap
is recognized as income or expenditure in the year of
termination.
4.8 Investment Fluctuation Reserve:
As per RBI circular number RBI/2017-18/147 DBR.No.BP
BC .102/21.04.048/2017-18 dated April 2, 2018, Investment
Fluctuation Reserve (IFR) is created to build up of adequate
reserves to protect the bank against increase in yields with
effect from FY 2018-19.
Transfer to IFR is lower of the following –
a. Net profit on sale of Investments during the year or
b. Net profit for the year less mandatory appropriations,
until the amount of IFR is at least 2 percent of the HFT
and AFS portfolio, on a continuing basis
5. Advances:
5.1 Advances shown are net of write offs, provisions made
for non-performing assets, claims settled with the credit
guarantee institutions, provision for diminution in fair value
for restructured advances and bills rediscounted.
5.2 Classification of advances and provisions thereon are made
in accordance with the prudential norms prescribed by and
guidelines of RBI from time to time, except in respect of
following category of advances, provision on NPAs are
made higher than the rate prescribed by RBI -
Sub-Standard - 20%
Doubtful Assets One to three years - 50% on secured
portion
 Annual Report 2020-21

5.3 Ÿ¸¸›¸ˆÅ œ¸º›¸¬¸ô£¢\¸÷¸ ‚¢ŠÏŸ¸¸Ê ˆ½Å œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸½ Ž¸½”ˆÅ£ ‚]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¢¥¸‡ 5.3 Provision for performing assets, other than provision on
standard restructured advances, is shown under the head
œÏ¸¨¸š¸¸›¸ ˆÅ¸½ ``‚›¡¸ ™½¡¸÷¸¸‡¿ ¨¸ œÏ¸¨¸š¸¸›¸'' ©¸ú«¸Ä ˆ½Å ‚›÷¸Š¸Ä÷¸ ™©¸¸Ä¡¸¸ Š¸¡¸¸ í¾—
“Other liabilities and provisions”.
5.4 œ¸º›¸¢›¸Äš¸¸Ä¢£÷¸/ œ¸º›¸¬¸ô£¢\¸÷¸ ‰¸¸÷¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê œ¸º›¸¬¸ô£¢\¸÷¸ ‚¢ŠÏŸ¸¸Ê ˆ½Å „¢\¸÷¸ 5.4 In respect of Rescheduled/ Restructured accounts, provision
Ÿ¸»¥¡¸ Ÿ¸Ê ݸ¬¸ í½÷¸º œÏ¸¨¸š¸¸›¸ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ for diminution in fair value of restructured advances is made
¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¸ ‚¸š¸¸£ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— on present value basis as per RBI guidelines.
‡¬¸”ú‚¸£ ˆ½Å ‚¿÷¸Š¸Ä÷¸ ‚¢ŠÏŸ¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê \¸¸£ ¢÷¸Ÿ¸¸¢í¡¸¸Ê ˆÅú ‚¢š¸ˆÅ÷¸Ÿ¸ In respect of advances under SDR, provision is made in
accordance with RBI guidelines, within a maximum period
‚¨¸¢š¸ ˆ½Å ž¸ú÷¸£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê œÏ¸¨¸š¸¸›¸
of four quarters.
ˆ½Å ]¸¸‡¿Š¸½—
5.5 In case of financial assets sold to Asset Reconstruction
5.5 ¢¨¸î¸ú¡¸ œ¸¢£¬¸¿œ¸¢î¸¡¸¸Ê ˆÅú œ¸¢£¬¸¿œ¸¢î¸ œ¸º›¸¢›¸ÄŸ¸¸Äµ¸ ˆ¿Åœ¸›¸ú (‡‚¸£¬¸ú)/ Company (ARC)/ Securitization Company (SC), if the sale
œÏ¢÷¸ž¸»¢÷¸ˆÅ£µ¸ ˆ¿Åœ¸›¸ú (‡¬¸¬¸ú) ˆÅú ¢¤¸ÇÅú ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê, ¡¸¢™ ¢¤¸ÇÅú ¢›¸¨¸¥¸ ¤¸íú is at a price higher than the NBV, the surplus is retained and
Ÿ¸»¥¡¸ ¬¸½ ‚¢š¸ˆÅ Ÿ¸»¥¡¸ œ¸£ íºƒÄ í¾, ÷¸¸½ ‚¢š¸©¸½«¸ œÏ¸¨¸š¸¸›¸ ˆÅ¸½ ¤¸›¸¸‡ £‰¸¸ ]¸¸‡Š¸¸ utilised to meet the shortfall/loss on account of sale of other
financial assets to SC/ARC. If the sale is at a price below
‚¸¾£ ‡¬¸¬¸ú/ ‡‚¸£¬¸ú ˆÅ¸½ ‚›¡¸ ¢¨¸î¸ú¡¸ œ¸¢£¬¸¿œ¸¢î¸¡¸¸Ê ˆÅú ¢¤¸ÇÅú œ¸£ ‹¸¸’½/í¸¢›¸
the net book value (NBV), (i.e. outstanding less provision
ˆÅú œ¸»¢÷¸Ä í½÷¸º ƒ¬¸ˆÅ¸ „œ¸¡¸¸½Š¸ ¢ˆÅ¡¸¸ ]¸¸‡. ¡¸¢™ ¢¤¸ÇÅú Ÿ¸»¥¡¸ ¢›¸¨¸¥¸ ¤¸íú Ÿ¸»¥¡¸ held) the shortfall is to be debited to the Profit and Loss
(‡›¸¤¸ú¨¸ú) ¬¸½ ˆÅŸ¸ í¸½, (‚˜¸¸Ä÷¸ ¤¸ˆÅ¸¡¸¸ ‹¸’¸‡¿ œÏ¸¨¸š¸¸›¸ š¸¸¢£÷¸) ÷¸¸½ ‹¸¸’½ ˆÅ¸½ account. However if surplus is available, such shortfall will
¥¸¸ž¸ ‡¨¸¿ í¸¢›¸ ‰¸¸÷¸½ ˆ½Å ›¸¸Ÿ¸½ ¢ˆÅ¡¸¸ ]¸¸›¸¸ í¾— ÷¸˜¸¸¢œ¸ ‚¢š¸©¸½«¸ „œ¸¥¸¤š¸ í¾ ÷¸¸½ be absorbed in the surplus. Any shortfall arising due to sale
‡½¬¸½ ‹¸¸’½ ˆÅ¸½ ‚¢š¸©¸½«¸ Ÿ¸Ê ‚¨¸©¸¸½¢«¸÷¸ ¢ˆÅ¡¸¸ ]¸¸‡Š¸¸— ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å of NPA will be amortised over a period of two years if not
absorbed in the surplus.
¢¨¸ÇÅ¡¸ ˆ½Å ˆÅ¸£µ¸ „÷œ¸››¸ ‹¸¸’½ ˆÅ¸½ ™¸½ ¨¸«¸¸½ô ˆÅú ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ œ¸¢£©¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸
]¸¸‡Š¸¸, ¡¸¢™ ‚¢š¸©¸½«¸ Ÿ¸Ê ‚¨¸©¸¸½¢«¸÷¸ ›¸íú¿ ¢ˆÅ¡¸¸ ]¸¸‡— Excess provision arising out of sale of NPAs are reversed
only when the cash received (by way of initial consideration
‚›¸]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¢¨¸ÇÅ¡¸ ˆ½Å ˆÅ¸£µ¸ „÷œ¸››¸ ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸ ˆÅ¸½ ˆ½Å¨¸¥¸ only/or redemption of SRS/PTC) is higher than the net book
÷¸ž¸ú œÏ÷¡¸¸¨¸¢÷¸Ä÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾ ]¸¤¸ œÏ¸œ÷¸ ›¸ˆÅ™ (‡¬¸‚¸£‡¬¸/ œ¸ú’ú¬¸ú ˆ½Å value (NBV) of the asset. Reversal of excess provision will
Ÿ¸¸½\¸›¸) ‚¸¦¬÷¸ ˆ½Å ¢›¸¨¸¥¸ ¤¸íú Ÿ¸»¥¡¸ (‡›¸¤¸ú¨¸ú) ¬¸½ ‚¢š¸ˆÅ í¸½÷¸¸ í¾. ‚¢÷¸¢£Æ÷¸ be limited to the extent to which cash received exceeds the
œÏ¸¨¸š¸¸›¸ ˆÅ¸ œÏ÷¡¸¸¨¸÷¸Ä›¸ „¬¸ ¬¸úŸ¸¸ ÷¸ˆÅ ¬¸ú¢Ÿ¸÷¸ í¸½Š¸¸ ¢]¸¬¸ œ¸£ œÏ¸œ÷¸ ›¸ˆÅ™ NBV of the asset.
‚¸¦¬÷¸ ˆ½Å ‡›¸¤¸ú¨¸ú ¬¸½ ‚¢š¸ˆÅ í¸½ ]¸¸÷¸¸ í¾— 6. Fixed Assets and Depreciation:
6.1 Premises and Other Fixed Assets are carried at cost less
6. ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸¿ ‡¨¸¿ Ÿ¸»¥¡¸Ý¸¬¸À accumulated depreciation/ amortization, except for certain
6.1 œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ Ÿ¸»¥¡¸ œ¸£ „¦¥¥¸¢‰¸÷¸ ‚¸¾£ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ ¢ˆÅ‡ Š¸‡ ˆÅ¢÷¸œ¸¡¸ premises, which were revalued and stated at revalued
œ¸¢£¬¸£¸Ê ˆÅ¸½ Ž¸½”õˆÅ£ œ¸¢£¬¸£ ‚¸¾£ ‚›¡¸ ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸½ ¥¸¸Š¸÷¸ ‹¸’¸‡¿ amount.
Ÿ¸»¥¡¸Ý¸¬¸/ †µ¸ œ¸¢£©¸¸½š¸›¸ œ¸£ ¥¸½‰¸¸¤¸Ö ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— Cost includes cost of purchase, taxes as per GST law and
all expenditure such as site preparation, installation costs
¥¸¸Š¸÷¸ Ÿ¸Ê ]¸ú‡¬¸’ú ˆÅ¸›¸»›¸ ˆ½Å ‚›¸º¬¸¸£ ˆÅ£, ‰¸£ú™ ˆÅú ¥¸¸Š¸÷¸ ‚¸¾£ ¬¸ž¸ú ‰¸\¸Ä and professional fees incurred on the asset before it is put
©¸¸¢Ÿ¸¥¸ íÿ ]¸¾¬¸½ ¢ˆÅ ¬¸¸ƒ’ ˆÅú ÷¸¾¡¸¸£ú, ¬˜¸¸œ¸›¸¸ ¥¸¸Š¸÷¸ ‚¸¾£ „œ¸¡¸¸½Š¸ ˆÅ£›¸½ ¬¸½ to use. Subsequent expenditure(s) incurred on the assets
œ¸í¥¸½ ‚¸¦¬÷¸ œ¸£ „œ¸¢\¸÷¸ œ¸½©¸½¨¸£ ©¸º¥ˆÅ— „œ¸¡¸¸½Š¸ ¢ˆÅ‡ ]¸¸›¸½ ¨¸¸¥¸ú ¬¸¿œ¸¢î¸¡¸¸Ê put to use are capitalised only when it increases the future
œ¸£ „œ¸¢\¸÷¸ ¢ˆÅ‡ Š¸‡ ¤¸¸™ ˆ½Å ¨¡¸¡¸ ˆ½Å¨¸¥¸ ÷¸ž¸ú œ¸»¿]¸úŠ¸÷¸ í¸½÷¸½ íÿ, ]¸¤¸ ¡¸í ‡½¬¸ú benefits from such assets or their functioning capability.
‚¸¦¬÷¸¡¸¸Ê ¡¸¸ „›¸ˆÅú ˆÅ¸¡¸Ä ®¸Ÿ¸÷¸¸ ¬¸½ ž¸¢¨¸«¡¸ ˆ½Å ¥¸¸ž¸ ˆÅ¸½ ¤¸[õ¸÷¸¸ í¾— 6.2 Depreciation on fixed assets is provided for at the rates
specified below, except revalued assets where, depreciation
6.2 ‚\¸¥¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ Ÿ¸»¥¡¸Ý¸¬¸ ›¸ú\¸½ ™ú Š¸ƒÄ ™£¸Ê ˆ½Å ¢¥¸‡ œÏ™¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ is provided over the remaining useful life of the assets on
í¾, œ¸º›¸£ú¢®¸÷¸ ¬¸¿œ¸¢î¸ ˆÅ¸½ Ž¸½”õˆÅ£, ]¸í¸¿, œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ £¸¢©¸ œ¸£ ¬¸¿œ¸¢î¸ ˆ½Å revalued amount, so as to write down value of assets to
©¸½«¸ „œ¸¡¸¸½Š¸ú ]¸ú¨¸›¸ œ¸£ Ÿ¸»¥¡¸Ý¸¬¸ œÏ™¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾, ÷¸¸¢ˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å Rupee One over the residual life of the assets.
‚¨¸¢©¸«’ ]¸ú¨¸›¸ œ¸£ ¬¸¿œ¸¢î¸ ˆÅ¸ Ÿ¸»¥¡¸ ²Åœ¸¡¸¸ ‡ˆÅ ¢¥¸‰¸¸ ]¸¸ ¬¸ˆ½Å—
Rate of Method of
S.N. Category of Asset Depreciation depreciation
Ÿ¸»¥¡¸Ý¸¬¸ ˆÅú Ÿ¸»¥¡¸Ý¸¬¸ ˆÅú (%)
ÇÅŸ¸¸¿ˆÅ ‚¸¦¬÷¸ ˆÅú ª½µ¸ú
™£ (%) œ¸Ö¢÷¸
1 Building & Premises 5.00 DBM
1 ž¸¨¸›¸ ‡¨¸¿ œ¸¢£¬¸£ 5.00 ”ú¤¸ú‡Ÿ¸
2 General items including Safe 18.10 DBM
2 ¬¸½ûÅ ¬¸¢í÷¸ ¬¸¸Ÿ¸¸›¡¸ ¨¸¬÷¸º‡¿ 18.10 ”ú¤¸ú‡Ÿ¸
3 Electrical Equipment’s 13.91 DBM
3 ¢¨¸Ô¸º÷¸ „œ¸ˆÅ£µ¸ 13.91 ”ú¤¸ú‡Ÿ¸
4 Office Machinery 13.91 DBM
4 ˆÅ¸¡¸¸Ä¥¸¡¸ Ÿ¸©¸ú›¸£ú 13.91 ”ú¤¸ú‡Ÿ¸
5 Ÿ¸¸½’£ ¨¸¸í›¸ 25.89 ”ú¤¸ú‡Ÿ¸ 5 Motor Vehicles 25.89 DBM
6 ¬¸½ûÅ ¢”œ¸¸Á¢]¸’ ¨¸¸Á¥’ 13.91 ”ú¤¸ú‡Ÿ¸ 6 Safe Deposit Vault 13.91 DBM
7 ¬¸¸¡¸¢ˆÅ¥¸ 20.00 ”ú¤¸ú‡Ÿ¸ 7 Bicycle 20.00 DBM
8 ˆ¿Åœ¡¸»’£ ÷¸˜¸¸ ¥¸¾œ¸’¸Áœ¸ 33.33 ‡¬¸‡¥¸‡Ÿ¸ 8 Computer & Laptops 33.33 SLM
9 ‡’ú‡Ÿ¸ 14.29 ‡¬¸‡¥¸‡Ÿ¸ 9 ATM 14.29 SLM
10 ¡¸»œ¸ú‡¬¸ 20.00 ‡¬¸‡¥¸‡Ÿ¸ 10 UPS 20.00 SLM
11 ¤¸ú‡›¸‡ 14.29 ‡¬¸‡¥¸‡Ÿ¸ 11 BNA 14.29 SLM
12 ˆ¾Å©¸ ¢£-¬¸¸ƒˆÅ¥¸£ 14.29 ‡¬¸‡¥¸‡Ÿ¸ 12 Cash Re-cycler 14.29 SLM
* ”ú¤¸ú‡Ÿ¸ ‚˜¸¸Ä÷¸ ݸ¬¸Ÿ¸¸›¸ ©¸½«¸ œ¸Ö¢÷¸ *DBM means Diminishing Balance Method
* ‡¬¸‡¥¸‡Ÿ¸ ‚˜¸¸Ä÷¸ ¬¸úš¸ú £½‰¸¸ œ¸Ö÷¸ú *SLM means Straight Line Method

186
Jeeef<e&keÀ efjHeesì& 2020-21
6.3 ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ‰¸£ú™ú Š¸ƒÄ ¬¸¿œ¸¢î¸¡¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ‚¸›¸ºœ¸¸¢÷¸ˆÅ ‚¸š¸¸£ œ¸£ œ¸»£½
¨¸«¸Ä ˆÅ¸ Ÿ¸»¥¡¸Ý¸¬¸ „÷¸›¸½ ¢™›¸¸Ê ˆ½Å ¢¥¸‡ ¥¸Š¸¸¡¸¸ Š¸¡¸¸ í¾ ¢]¸›¸Ÿ¸Ê ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸
‚¸¦¬÷¸¡¸¸Ê ˆÅ¸½ „œ¸¡¸¸½Š¸ ˆ½Å ¢¥¸‡ £‰¸¸ Š¸¡¸¸ í¾—
ƒ¬¸ú ÷¸£í ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸½\¸ú / Ž¸½”õú Š¸ƒÄ ¬¸¿œ¸¢î¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê, Ÿ¸»¥¡¸Ý¸¬¸ ˆÅ¸½
‚¸›¸ºœ¸¸¢÷¸ˆÅ ‚¸š¸¸£ œ¸£ œÏ™¸›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾, „÷¸›¸½ ¢™›¸¸Ê ÷¸ˆÅ ]¸¤¸ ÷¸ˆÅ ¢ˆÅ ¨¸«¸Ä
ˆ½Å ™¸¾£¸›¸ œ¸¢£¬¸¿œ¸¢î¸¡¸¸Ê ˆÅ¸ „œ¸¡¸¸½Š¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¸½—
6.4 í£ ÷¸ú›¸ ¬¸¸¥¸ Ÿ¸Ê ‡ˆÅ ¤¸¸£ ‚\¸¥¸ ¬¸¿œ¸¢î¸ ˆÅ¸ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆ½Å ¬¸Ÿ¸¡¸ ¬¨¸úˆ¼Å÷¸ Ÿ¸»¥¡¸¸¿ˆÅˆÅ¸Ê ׸£¸ œÏŸ¸¸¢µ¸÷¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ‚¨¸¢©¸«’
]¸ú¨¸›¸ œ¸£ ‹¸’÷¸ú ©¸½«¸ œ¸Ö¢÷¸ (‚\¸¥¸ ¬¸¿œ¸¢î¸¡¸¸Ê ˆÅú ¥¸¸Š¸÷¸ ¬¸½ ‚¢š¸ˆÅ ‚¸¾£
…œ¸£) ˆÅ¸ ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ ¢í¬¬¸¸ ‹¸’¸¡¸¸ ]¸¸÷¸¸ í¾—
¥¸ú{¸ œ¸£ š¸¸¢£÷¸ {¸Ÿ¸ú›¸¸Ê ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ œ¸º›¸Ÿ¸»Ä¥¡¸›¸ ‚¸£¢®¸¢÷¸ ˆÅ¸½ ¥¸ú{¸ ‚¨¸¢š¸ ˆ½Å
‚¨¸¢©¸«’ ]¸ú¨¸›¸ œ¸£ ¬¸úš¸ú £½‰¸¸ œ¸Ö¢÷¸ œ¸£ œ¸¢£©¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
¥¸¸Š¸÷¸ ˆ½Å ‚¢š¸ˆÅ ‚¸¾£ …œ¸£ ‚\¸¥¸ ‚¸¦¬î¸¡¸¸Ê ˆ½Å œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ ¢í¬¬¸½ œ¸£
Ÿ¸»¥¡¸Ý¸¬¸, ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ›¸¸Ÿ¸½ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ¥¸¸ž¸ ‚¸¾£ í¸¢›¸
‰¸¸÷¸½ ˆ½Å ¢¥¸‡ ›¸¸Ÿ¸½ ¥¸¸Š¸÷¸ ˆ½Å ‚¢š¸ˆÅ ‚\¸¥¸ ¬¸¿œ¸¢î¸¡¸¸Ê ˆ½Å œÏ÷¡¸¸¨¸¢÷¸Ä÷¸ ¢í¬¬¸½
¬¸½ ¬¸¿¤¸¿¢š¸÷¸ Ÿ¸»¥¡¸Ý¸¬¸ ˆÅú ¬¸úŸ¸¸ ÷¸ˆÅ œ¸º›¸Ÿ¸»Ä¥¡¸›¸ ‚¸£¢®¸¢÷¸ ˆÅú £¸¢©¸ œ¸º›¸Ÿ¸»Ä¥¡¸›¸
‚¸£¢®¸¢÷¸ ¬¸½ £¸]¸¬¨¸ ‚¸£¢®¸¢÷¸ Ÿ¸Ê ¬˜¸¸›¸¸¿÷¸¢£÷¸ ˆÅ£ ™ú ]¸¸÷¸ú í¾—
6.5 œ¸’Ã’½ œ¸£ ¢™‡ Š¸‡ œ¸¢£¬¸£¸Ê ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê, œ¸’Ã’½ ˆÅ¸ œÏú¢Ÿ¸¡¸Ÿ¸, ¡¸¢™ ˆÅ¸½ƒÄ í¸½,
œ¸’Ã’½ ˆÅú ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¬¸úš¸ú £½‰¸¸ œ¸Ö¢÷¸ œ¸£ œ¸¢£©¸¸½š¸›¸ í¾—
¬¸í¸¡¸ˆÅ œÏ¢÷¸«“¸›¸ ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê À
6.6 Ÿ¸½’ˆÅ¸½ ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê, ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸›¸ ¥¸¸Š¸÷¸ Ÿ¸Ê ¬¸½ Ÿ¸»¥¡¸Ý¸¬¸ ‚¸¾£
‚›¸]¸ÄˆÅ í¸¢›¸¡¸¸Ê ˆÅ¸½ ˆÅŸ¸ ˆÅ£÷¸½ íº‡ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ƒ¬¸ ¥¸¸Š¸÷¸ Ÿ¸Ê ‚¸¦¬÷¸ ˆÅ¸½
ƒ¦\Ž÷¸ „œ¸¡¸¸½Š¸ ˆ½Å ¢¥¸‡ ˆÅ¸¡¸Ä©¸ú¥¸ ¦¬˜¸¢÷¸ Ÿ¸Ê ¥¸¸›¸½ í½÷¸º ¢ˆÅ‡ Š¸‡ ¬¸ž¸ú ¨¡¸¡¸
©¸¸¢Ÿ¸¥¸ íÿ— ¤¸½\¸ú Š¸ƒÄ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸½ ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê ¬¸½ ‹¸’¸ ¢™¡¸¸ Š¸¡¸¸ ‚¸¾£
Ÿ¸»¥¡¸Ý¸¬¸ ˆÅ¸ œÏž¸¸¨¸ ™½‰¸÷¸½ íº‡ ¥¸¸ž¸/í¸¢›¸ ˆÅú Š¸µ¸›¸¸ ˆÅú Š¸ƒÄ— ‚¸¦¬÷¸¡¸¸Ê ˆÅú
„œ¸¡¸¸½Š¸ú ©¸½«¸ ‚¨¸¢š¸ ˆ½Å ‚¸š¸¸£ œ¸£ ˆ¿Åœ¸›¸ú ‚¢š¸¢›¸¡¸Ÿ¸ 2013 ˆ½Å ‚›¸º¬¸¸£ ›¸‡
Ÿ¸¸›¸ˆÅ ¥¸Š¸¸÷¸½ íº‡ ݸ¬¸Ÿ¸¸›¸ ©¸½«¸ œ¸š™¢÷¸ ¬¸½ Ÿ¸»¥¡¸Ý¸¬¸ ¥¸Š¸¸¡¸¸ Š¸¡¸¸ í¾—
7. £¸]¸¬¨¸ ‚¢ž¸¢›¸š¸¸Ä£µ¸À
7.1 ¢›¸Ÿ›¸¸¿¢ˆÅ÷¸ ›¸ˆÅ™ú ‚¸š¸¸£ œ¸£ ¥¸½‰¸¸¤¸š™ Ÿ¸™¸Ê ˆÅ¸½ Ž¸½”õˆÅ£, ¬¸Ÿ¸¬÷¸ £¸]¸¬¨¸
÷¸˜¸¸ ¥¸¸Š¸÷¸¸Ê ˆÅ¸½ „œ¸\¸¡¸ ‚¸š¸¸£ œ¸£ ¥¸½‰¸¸¤¸š™ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ À
ˆÅ. ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¬¸Ÿ¸¡¸-¬¸Ÿ¸¡¸ œ¸£ ]¸¸£ú ¢¨¸¨¸½ˆÅœ¸»µ¸Ä Ÿ¸¸›¸™¿”¸Ê ˆ½Å
‚›¸º¬¸¸£ ‚›¸]¸ÄˆÅ ‚¸¦¬÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ‚¢ž¸¢›¸š¸¸Ä¢£÷¸ ‚¢ŠÏŸ¸¸Ê ‡¨¸¿ ¢›¸¨¸½©¸¸Ê
œ¸£ ¤¡¸¸]¸.
‰¸. ˆÅŸ¸ú©¸›¸ ‚˜¸¸Ä÷¸ Š¸¸£¿¢’¡¸¸Ê, ¬¸¸‰¸-œ¸°¸¸Ê, ¬¸£ˆÅ¸£ú ¨¡¸¨¸¬¸¸¡¸, Ÿ¡¸º\¡¸º‚¥¸
û¿Å” ¨¡¸¨¸¬¸¸¡¸, ]¸¸£ú ¢ˆÅ‡ Š¸‡ ǽŢ”’ ¨¸ ”½¢¤¸’ ˆÅ¸”Ä ‚¸¾£ ¥¸¸ÁˆÅ£ ¢ˆÅ£¸‡
¬¸½ ‚¸¡¸.
Š¸. ‰¸£ú™½ Š¸‡ ÷¸˜¸¸ ¤¸’Ã’¸ˆ¼Å÷¸ ¢¤¸¥¸¸Ê œ¸£ ‚¢÷¸™½¡¸ ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ ¤¡¸¸]¸.
‹¸ ¤¸úŸ¸¸ ™¸¨¸½.
Œ. ¢”¤¸Ê\¸£ ’﬒ú ˆÅ¸£¸½¤¸¸£ ˆÅ¸ œ¸¸¢£ª¢Ÿ¸ˆÅ.
\¸. œÏ¸½¬¸½¢¬¸¿Š¸ ©¸º¥ˆÅ.
Ž. ¨¡¸¸œ¸¸£ú ¤¸ÿ¢ˆ¿ÅŠ¸ œ¸¢£\¸¸¥¸›¸¸Ê ÷¸˜¸¸ í¸Ÿ¸ú™¸£ú ˆÅŸ¸ú©¸›¸ ¬¸½ ‚¸¡¸.
]¸. ƒ¿’£›¸½’ ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¡¸»¢’¢¥¸’ú ¢¤¸¥¸ ž¸ºŠ¸÷¸¸›¸ ¬¸½¨¸¸‚¸Ê ¬¸½ œÏ¸œ÷¸
¬¸¿¨¡¸¨¸í¸£ œÏ¸½¬¸½¢¬¸¿Š¸ ©¸º¥ˆÅ.
7.2 ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ‚¢÷¸™½¡¸ Ÿ¸ú¡¸¸™ú
]¸Ÿ¸¸£¸¢©¸¡¸¸Ê œ¸£ ™½¡¸ ¤¡¸¸]¸ ˆÅ¸ œÏ¸¨¸š¸¸›¸ „œ¸¢\¸÷¸ ‚¸š¸¸£ œ¸£ ¤¸\¸÷¸ ‰¸¸÷¸¸
¤¡¸¸]¸ ™£ œ¸£ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™›¸¸¿ˆÅ 22.08.2008 ˆ½Å œ¸¢£œ¸°¸ ˆ½Å
¢™›¸¸¿ˆÅ ¬¸½ ‚¸¾£ ©¸½«¸ ˆÅ¸ ›¸¨¸úˆÅ£µ¸ ˆ½Å ¬¸Ÿ¸¡¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
7.3 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ¥¸¸ÁˆÅ£ ¢ˆÅ£¸‡ ¬¸½ œÏ¸œ÷¸ ‚¸¡¸
187
6.3 In respect of assets acquired during the year, depreciation
is provided on proportionate basis for the number of days
the assets have been put to use during the year.
Similarly in respect of assets sold / discarded during the
year, depreciation is provided on proportionate basis till the
number of days the assets had been put to use during the
year.
6.4 Eligible fixed assets are revalued once in every three years.
Revalued portion of fixed assets (over and above the cost of
fixed assets) is depreciated on diminishing balance method
over the residual life of the assets as certified by approved
valuers at the time of valuation.
Revaluation reserve pertaining to lease hold lands, is
amortised on straight line method over the residual life of
the lease period.
Depreciation on revalued portion of fixed assets, over and
above the cost is debited to Profit & Loss account. Amount
of Revaluation Reserve to the extent of depreciation related
to revalued portion of fixed assets over and above the cost
debited to profit & loss account is transferred to Revenue
Reserve from Revaluation Reserve.
6.5 In respect of leasehold premises, the lease premium, if any,
is amortised over the period of lease on SLM basis.
In case of the subsidiary:
6.6 In the case of METCO, fixed assets are stated at cost, less
accumulated depreciation and impairment losses, if any.
Cost includes all expenditure necessary to bring the asset
to its working conditions for its intended use. Assets sold
are reduced from the fixed assets and after taking effect of
depreciation, profit / loss has been calculated. Depreciation
is provided on the written down value basis applying new
standards as per Companies Act 2013, on the basis of
useful life of assets.
7. Revenue Recognition
7.1 All revenues and costs are accounted for on accrual basis
except the following items, which are accounted for on cash
basis:-
a. Interest on Advances and Investments identified as
Non-Performing Assets according to the prudential
norms issued by Reserve Bank of India, from time to
time.
b. Income from commission viz on Guarantees, Letter of
Credit, Government business, Mutual Fund business,
credit & debit cards issued, Annual Maintenance
Charges for cards and Locker Rent.
c. Interest for overdue period on bills purchased and bills
discounted.
d. Insurance claims.
e. Remuneration on Debenture Trustee Business.
f. Processing Fees.
g. Income from Merchant Banking Operations and
Underwriting Commission.
h. Transaction processing fees received on utility bill pay
services through internet banking.
7.2 Pursuant to RBI guidelines, the interest payable on overdue
term deposit is provided on accrual basis at saving bank
rate effective from date of RBI circular dated 22.08.2008,
and the balance at the time of renewal.
7.3 During the year ended March 31, 2021, the Bank has

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‚¸š¸¸£ œ¸£ œÏ™¸›¸ ¢ˆÅ‡ ]¸¸÷¸½ íÿ—
9. ‰¸¿” ¢£œ¸¸½¢’ôŠ¸
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]¸¸£ú ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 17 ˆ½Å ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê ¨¡¸¨¸¬¸¸¡¸ ‰¸¿” ˆÅ¸½ ‚œ¸›¸½ œÏ¸˜¸¢Ÿ¸ˆÅ ‰¸¿” ˆ½Å ³Åœ¸
Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸ ™½÷¸¸ í¾—
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11. œÏ¸¨¸š¸¸›¸, ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸‡¿ ¨¸ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ‚¸¦¬÷¸¡¸¸¿
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í¾ ¢ˆÅ ]¸¤¸ œÏ¢÷¸¤¸Ö÷¸¸ £¸¢©¸ ˆÅ¸ ¢¨¸æ¸¬¸›¸ú¡¸ ‚›¸ºŸ¸¸›¸ ¥¸Š¸¸¡¸¸ ]¸¸ ¬¸ˆÅ÷¸¸ í¸½ ‚¸¾£
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‚¸¨¸©¡¸ˆÅ÷¸¸ œ¸”õ½.
‚¸ˆÅ¦¬Ÿ¸ˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸½ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ›¸íú¿ ™©¸¸Ä¡¸¸ Š¸¡¸¸ í¾, Æ¡¸¸Ê¢ˆÅ ƒ¬¸ˆ½Å
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12. ¢›¸¨¸¥¸ ¥¸¸ž¸, œÏ¸¨¸š¸¸›¸ ‡¨¸¿ ‚¸ˆÅ¦¬Ÿ¸ˆÅ÷¸¸‡¿À
¢›¸¨¸¥¸ ¥¸¸ž¸ ˆÅ¸ œÏˆÅ’›¸ ‚¸ˆÅ¦¬Ÿ¸ˆÅ÷¸¸‚¸Ê ¨¸ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å „œ¸£¸¿÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, ¢]¸¬¸Ÿ¸Ê
¢›¸¨¸½©¸¸Ê ˆ½Å Ÿ¸»¥¡¸ ˆÅ¸ ¬¸Ÿ¸¸¡¸¸½]¸›¸, ‚©¸¸½š¡¸ †µ¸¸Ê ˆÅ¸½ ¤¸’Ã’½ ‰¸¸÷¸½ ”¸¥¸›¸¸, ˆÅ£¸š¸¸›¸ ˆ½Å
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13. ‚¸¡¸ˆÅ£À
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢ˆÅ¡¸½ Š¸¡¸½ ˆÅ£ œÏ¸¨¸š¸¸›¸¸Ê Ÿ¸Ê \¸¸¥¸» ‚¸¡¸ˆÅ£, ¬¸¿œ¸¢î¸ ˆÅ£ ‚¸¾£ ‚¸¬˜¸¢Š¸÷¸
ˆÅ£ ˆ½Å œÏ¢÷¸ ™½¡¸÷¸¸‡¿ ©¸¸¢Ÿ¸¥¸ íÿ. ž¸¸£÷¸ú¡¸ ¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ ¬¸¿¬˜¸¸›¸ (‚¸ƒÄ¬¸ú‡‚¸ƒÄ)
׸£¸ ]¸¸£ú ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 22 ˆÅú ©¸÷¸¸½ô ˆ½Å ‚›¸º¬¸¸£ ˆÅ£-¡¸¸½Š¡¸ ‚¸¡¸ ‚¸¾£ ¥¸½‰¸¸-
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ˆÅ£ ‚¸¦¬÷¸¡¸¸Ê ‡¨¸¿ ™½¡¸÷¸¸‚¸Ê ˆÅú œ¸í\¸¸›¸ ˆÅú Š¸ƒÄ í¾. ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸Ê ‚¸¾£
™½¡¸÷¸¸‚¸Ê ¤¡¸¸]¸ ™£ Ÿ¸Ê œ¸¢£¨¸÷¸Ä›¸ ˆ½Å œÏž¸¸¨¸ ˆÅ¸½ ƒ¬¸ œ¸¢£¨¸÷¸Ä›¸ ˆ½Å ¥¸¸Š¸» í¸½›¸½ ˆÅú ‚¨¸¢š¸
Ÿ¸Ê ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ‚¢ž¸¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾.
188
Annual Report 2020-21
changed the method of recognizing the income from locker
rent in the quarter in which it is received to method of
recognizing the same proportionately over the remaining
quarters of the year.
8. Employees’ Benefits:
Defined Contribution Plan: The contribution paid/ payable under
defined contribution benefit schemes are charged to Profit &
Loss Account.
Defined Benefit Plans: All eligible employees are entitled to
receive benefits under the Bank’s Gratuity and Pension schemes
which are valued based on the principles laid down in AS -15,
Employees Benefit (Revised) issued by Institute of Chartered
Accountants of India. Bank’s liabilities towards defined benefit
schemes are determined by way of provisions and adjusted
on the basis of an actuarial valuation report provided by the
Actuaries appointed by the bank and made at the end of each
quarter/financial year. Actuarial gains and losses are recognized
in the Profit & Loss Account.
Other Employee Benefits such as Leave fare Concession,
Privilege Leave, Silver jubilee Award, resettlement allowance,
and retirement benefit are provided based on Actuarial valuation.
9. Segment Reporting:
The Bank recognizes Business Segment as its Primary Segment
in compliance with the RBI Guidelines and in compliance with
the Accounting Standard 17 issued by ICAI.
10. Impairment of Assets
Impairment losses if any, on fixed assets including revalued fixed
assets are recognized in accordance with Accounting Standard
28- Impairment of Assets issued by the ICAI and charged to
Profit & Loss Account. Assets are reviewed for Impairment
whenever events or changes in circumstances warrant that the
carrying amount of an asset may not be recoverable.
11. Provisions, Contingent Liabilities and Contingent Assets:
As per the Accounting Standard 29-“Provisions, Contingent
Liabilities and Contingent Assets” issued by ICAI, the Bank
recognizes provisions only when it has a present obligation
as a result of a past event not 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.
Contingent assets are not recognized in the financial statements
since this may result in the recognition of the income that may
not be realized.
12. Net Profit, Provisions and Contingencies:
The Net Profit disclosed is after making the Provisions and
Contingencies which include adjustment to the value of
investments, write off of bad debts, provision for taxation
(including deferred tax), and provision for advances including
cases identified as fraud and contingencies /others.
13. Income tax:
The provision for tax for the year comprises liability towards
current Income Tax, and Deferred Tax. The deferred tax asset/
liability is recognized, subject to the consideration of prudence,
taking into account the timing differences between the taxable
income and accounting income, in terms of the Accounting
Standard 22 issued by ICAI. The effect of change in tax rates
on deferred tax assets and liabilities is recognized in the Profit &
Loss Account in the period of applicability of the change.
Jeeef<e&keÀ efjHeesì& 2020-21
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„œ¸¡¸¸½Š¸ ˆÅ£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ]¸¸½ ÷¸º¥¸›¸ œ¸°¸ ˆ½Å ¢™›¸¸¿ˆÅ ˆÅ¸½ ‚¢š¸¢›¸¡¸¢Ÿ¸÷¸ ¢ˆÅ‡ Š¸‡ íÿ ¡¸¸
œ¸¡¸¸Äœ÷¸ ³Åœ¸ ¬¸½ ‚¢š¸¢›¸¡¸¢Ÿ¸÷¸ íÿ.
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¡¸˜¸¸½¢\¸÷¸ ³Åœ¸ ¬¸½ ¢›¸¢ä¸÷¸ í¾—
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¬¸¸®¡¸¸Ê ˆ½Å ¬¸¸˜¸ ‡½¬¸ú ‚¸¦¬÷¸¡¸¸Ê ˆÅú ¨¸¬¸»¥¸ú ˆÅú ¨¸¸¬÷¸¢¨¸ˆÅ ¢›¸¢ä¸÷¸÷¸¸ í¸½—
‚¸¡¸ˆÅ£ ˆ½Å ¢£û¿Å” œ¸£ ¤¡¸¸]¸ ‚¸¡¸ ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸ „¬¸ ¨¸«¸Ä Ÿ¸Ê ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, ¢]¸¬¸ ¨¸«¸Ä
¬¸¿¤¸¿¢š¸÷¸ œÏ¸¢š¸ˆÅ¸£ú ׸£¸ ‚¸™½©¸ œ¸¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—
‚¸¡¸ˆÅ£ œÏ¸¢š¸ˆÅ¸¢£¡¸¸Ê ׸£¸ ˆÅú Š¸ƒÄ Ÿ¸¸¿Š¸, ¤¡¸¸]¸ ¬¸¢í÷¸, ˆÅ¸ œÏ¸¨¸š¸¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ]¸¤¸
„\\¸ ›¡¸¸¡¸¸¥¸¡¸ ׸£¸ Ÿ¸¸¿Š¸ ˆÅ¸½ „¢\¸÷¸ “í£¸¡¸¸ Š¸¡¸¸—
14. Earnings Per Share
14. œÏ¢÷¸ ©¸½¡¸£ ‚]¸Ä›¸ À
œÏ¢÷¸ ƒ¦Æ¨¸’ú ©¸½¡¸£ Ÿ¸»¥¸ ‚¸¾£ ¢©¸¢˜¸¥¸ ‚]¸Ä›¸ ˆÅú ¢£œ¸¸½’Ä ž¸¸£÷¸ú¡¸ ¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£
¬¸¿¬˜¸¸›¸ (‚¸ƒÄ¬¸ú‡‚¸ƒÄ) ׸£¸ ]¸¸£ú ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ (‡‡¬¸ - 20) ``œÏ¢÷¸ ©¸½¡¸£
‚]¸Ä›¸'' ˆ½Å ‚›¸º³Åœ¸ ˆÅú Š¸ƒÄ í¾. œÏ¢÷¸ ©¸½¡¸£ Ÿ¸»¥¸ ‚]¸Ä›¸ ¬¸¿¤¸¿¢š¸÷¸ ‚¨¸¢š¸ í½÷¸º ¤¸ˆÅ¸¡¸¸
ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê ˆÅú ž¸¸¢£÷¸ ‚¸¾¬¸÷¸ ¬¸¿‰¡¸¸ ׸£¸ ¢›¸¨¸¥¸ ¥¸¸ž¸ ˆÅ¸½ ž¸¸Š¸ˆÅ£ ¢›¸ˆÅ¸¥¸ú Š¸ƒÄ
í¾. ¬¸¿¤¸¿¢š¸÷¸ ‚¨¸¢š¸ ˆ½Å ™¸¾£¸›¸ ¤¸ˆÅ¸¡¸¸ ¢©¸¢˜¸¥¸ ¬¸¿ž¸¸¢¨¸÷¸ ƒ¦Æ¨¸’ú ©¸½¡¸£ ‚¸¾£ ž¸¸¢£÷¸
‚¸¾¬¸÷¸ ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê ˆÅú ¬¸¿‰¡¸¸ ˆÅ¸ „œ¸¡¸¸½Š¸ ˆÅ£ œÏ¢÷¸ ƒ¦Æ¨¸’ú ©¸½¡¸£ ¢©¸¢˜¸¥¸ ‚]¸Ä›¸
ˆÅú Š¸µ¸›¸¸ ˆÅú Š¸ƒÄ í¾.
189
Deferred tax assets and liabilities are measured using the tax
rates and tax laws that have been enacted or substantively
enacted by the balance sheet date.
Deferred tax assets are recognized and re-assessed at each
reporting period based on management judgement as to whether
their realization is considered as reasonable certain.
In cases of unabsorbed depreciation or carried forward loss
under taxation laws, all deferred tax assets are recognized only
if there is virtual certainty of realization of such assets supported
by convincing evidence.
Interest income on refund of Income Tax is accounted for in the
year; the order is passed by the concerned authority.
The demand raised by the Income Tax authorities including the
interest thereon is provided for when such demand is upheld by
High Court.
The bank reports basic and diluted earnings per equity share
in accordance with the Accounting Standard (AS-20) “Earnings
Per Share” issued by ICAI. Basic Earnings per share is arrived
by dividing net profit after tax by the weighted average number
of equity shares outstanding for the period. The diluted earnings
per equity share are computed using the weighted average
number of equity shares and dilutive potential equity shares
outstanding during the period.

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1. ¢›¸¨¸½©¸À
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²Åœ¸¡¸½ (` 225 ˆÅ£¸½”õ) ˆÅ¸ ¢¨¸¢›¸¡¸¸½]¸›¸ ¢ˆÅ¡¸¸ í¾—
2. ¤¸ÿˆÅ ›¸½ ž¸¸£÷¸ú¡¸ ¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ ¬¸¿¬˜¸¸›¸ (‚¸ƒÄ¬¸ú‡‚¸ƒÄ) ׸£¸ ]¸¸£ú ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ¸Ê
ˆÅ¸ ¥¸¸Š¸» ¬¸úŸ¸¸ ÷¸ˆÅ ¢›¸Ÿ›¸¸›¸º¬¸¸£ œ¸¸¥¸›¸ ¢ˆÅ¡¸¸ í¾À
2.1 ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 5 - ‚¨¸¢š¸ ˆ½Å ¢¥¸‡ ¢›¸¨¸¥¸ ¥¸¸ž¸ ¡¸¸ í¸¢›¸, œ¸»¨¸Ä ‚¨¸¢š¸ Ÿ¸™Ê ÷¸˜¸¸
¥¸½‰¸¸ ›¸ú¢÷¸¡¸¸Ê Ÿ¸Ê œ¸¢£¨¸÷¸Ä›¸
\¸»¿¢ˆÅ ‚¸¡¸/ ¨¡¸¡¸ ˆÅú œ¸»¨¸Ä ‚¨¸¢š¸ Ÿ¸™Ê ¨¸¸¬÷¸¢¨¸ˆÅ ›¸íú¿ íÿ ƒ¬¸¢¥¸‡ „›íÊ ¬¸¿¤¸¿¢š¸÷¸
¥¸½‰¸¸ ©¸ú«¸Ä Ÿ¸Ê œÏž¸¸¢£÷¸/ ¥¸½‰¸¸¤¸š™ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
2.2. ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 9 - £¸]¸¬¨¸ ¢›¸š¸¸Ä£µ¸
‚›¸º¬¸»\¸ú 17 Ÿ¸í÷¨¸œ¸»µ¸Ä ¥¸½‰¸¸¿ˆÅ›¸ ›¸ú¢÷¸ Ÿ¸Ê ™ú Š¸ƒÄ ¥¸½‰¸¸¿ˆÅ›¸ ›¸ú¢÷¸ 7.1 ˆ½Å
‚›¸º¬¸¸£ ‚¸¡¸ ˆÅú ˆÅ¢÷¸œ¸¡¸ Ÿ¸™¸Ê ˆÅ¸ ¢›¸š¸¸Ä£µ¸ ¨¸¬¸»¥¸ú ˆ½Å ‚¸š¸¸£ œ¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸
í¾— 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½ ¥¸¸ÁˆÅ£ ¢ˆÅ£¸‡ ¬¸½ œÏ¸œ÷¸
‚¸¡¸ ˆÅ¸½ „¬¸ú ¢÷¸Ÿ¸¸íú Ÿ¸Ê, ¢]¸¬¸Ÿ¸Ê ¨¸í œÏ¸œ÷¸ íºƒÄ í¾, ¢›¸š¸¸Ä¢£÷¸ ˆÅ£›¸½ ˆÅú œ¸Ö¢÷¸
ˆÅ¸½ œ¸¢£¨¸¢÷¸Ä÷¸ ˆÅ£ ¨¸«¸Ä ˆÅú ©¸½«¸ ¢÷¸Ÿ¸¸¢í¡¸¸Ê Ÿ¸Ê ‚¸›¸ºœ¸¸¢÷¸ˆÅ ³Åœ¸ ¬¸½ ¢›¸š¸¸Ä¢£÷¸
ˆÅ£›¸½ ˆÅú œ¸Ö¢÷¸ ˆÅ¸½ ‚œ¸›¸¸¡¸¸ í¾—
3. ‚\¸¥¸ ¬¸¿œ¸¢î¸
3.1 \¸¸¥¸» ¨¸«¸Ä ˆ½Å ¢¥¸‡ Ÿ¸»¥¡¸Ý¸¢¬¸÷¸ ˆºÅ¥¸ £¸¢©¸ ` 88.55 ˆÅ£¸½”õ (` 106.14
ˆÅ£¸½”õ) œ¸º›¸Ÿ¸»Ä¥¡¸¸¿¢ˆÅ÷¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ œ¸º›¸Ÿ¸»Ä¥¡¸¸¿ˆÅ›¸ ‚¸£¢®¸÷¸ú ¬¸½ £¸]¸¬¨¸
‚¸£¢®¸¢÷¸ Ÿ¸Ê £¸¢©¸ ˆ½Å ƒ¬¸ú ¬˜¸¸›¸¸¿÷¸£µ¸ ˆ½Å ¬¸¸˜¸ ¥¸¸ž¸ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ›¸¸Ÿ¸½
¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ` 88.55 ˆÅ£¸½”õ (` 106.14 ˆÅ£¸½”õ) ˆÅú ¬¸Ÿ¸÷¸º¥¡¸ £¸¢©¸ ˆÅ¸½
œ¸»›¸Ÿ¸»Ä¥¡¸›¸ ‚¸£¢®¸¢÷¸ ¬¸½ £¸]¸¬¨¸ ‚¸£¢®¸¢÷¸ Ÿ¸Ê ¬˜¸¸›¸¸¿÷¸¢£÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
3.2 ˆºÅŽ œ¸º›¸Š¸Ä¢“÷¸ œ¸¢£¬¸£¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê íˆÅ ¢¨¸¥¸½‰¸, ¢]¸›¸ˆÅú ¥¸¸Š¸÷¸ ` 650 ˆÅ£¸½”õ
(` 7.32 ˆÅ£¸½”õ) í¾, ¥¸¿¤¸½ ¬¸Ÿ¸¡¸ ¬¸½ ˆÅ¸›¸»›¸ú ¢¨¸¨¸¸™ / ‚¸¾œ¸\¸¸¢£ˆÅ÷¸¸‚¸Ê ˆ½Å
ˆÅ¸£µ¸ ¤¸ÿˆÅ ˆ½Å œ¸®¸ Ÿ¸Ê ‚ž¸ú ÷¸ˆÅ ¢›¸«œ¸¸¢™÷¸ / œ¸¿]¸úˆ¼Å÷¸ ›¸íú¿ íÿ— ¡¸½ œ¸’Ã’½ œ¸¢£¬¸£
ˆ½Å ¨¸½ ¥¸¿¢¤¸÷¸ Ÿ¸¸Ÿ¸¥¸½ íÿ ]¸í¸¿ ˆÅ¸½ƒÄ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸ ›¸íú¿ í¾, Æ¡¸¸Ê¢ˆÅ ¤¸ÿˆÅ ©¸¸‰¸¸
œ¸¢£¬¸£¸Ê ˆ½Å ¬¨¸¸¢Ÿ¸¡¸¸Ê ׸£¸ œ¸’Ã’½ ˆ½Å ‚¨¸¢š¸ ˆÅú ¬¸Ÿ¸¸¦œ÷¸ ˆ½Å ˆÅ¸£µ¸ ¤¸ÿˆÅ ˆ½Å
¢‰¸¥¸¸ûÅ ™¸¡¸£ ¢ˆÅ‡ Š¸‡ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸ ¤¸\¸¸¨¸ ˆÅ£ £í¸ í¾— ‡½¬¸½ Ÿ¸¸Ÿ¸¥¸¸Ê Ÿ¸Ê, ¤¸ÿˆÅ
‰¸¸÷¸¸ ¤¸¢í¡¸¸Ê Ÿ¸Ê ` 0.23 ˆÅ£¸½”õ ˆÅú ¬¸íŸ¸÷¸ ™½¡¸÷¸¸ ˆ½Å ¢¥¸‡ ¢]¸ŸŸ¸½™¸£ í¾—
3.1 œÏŠ¸¢÷¸š¸ú›¸ œ¸»¿]¸ú ˆÅ¸¡¸Ä Ÿ¸Ê ¦¬˜¸£ ‚¸¦¬÷¸¡¸¸Ê ˆÅú ¥¸¸Š¸÷¸ ©¸¸¢Ÿ¸¥¸ í¾ ]¸¸½ ¢£œ¸¸½¢’ôŠ¸
¢™›¸¸¿ˆÅ ˆÅ¸½ „›¸ˆ½Å ‚¢ž¸œÏ½÷¸ „œ¸¡¸¸½Š¸ ˆ½Å ¢¥¸‡ ‚ž¸ú ÷¸¾¡¸¸£ ›¸íú¿ í¾— ` 34.38
ˆÅ£¸½”õ ˆÅú £¸¢©¸ ˆ½Å œÏŠ¸¢÷¸š¸ú›¸ œ¸»¿]¸ú ˆÅ¸¡¸Ä Ÿ¸Ê ž¸¨¸›¸ ˆÅ¸ ¢›¸Ÿ¸¸Äµ¸ ©¸¸¢Ÿ¸¥¸ í¾—
4. ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ (‡‡¬¸) 15 (¬¸¿©¸¸½¢š¸÷¸ 2005) - ``ˆÅŸ¸Ä\¸¸£ú ‚›¸º¥¸¸ž¸''
(Ÿ¸»¥¸ ¤¸ÿˆÅ)
ˆÅ. œ¸¢£ž¸¸¢«¸÷¸ ‚¿©¸™¸›¸ ¡¸¸½]¸›¸¸ À
(` ˆÅ£¸½”õ Ÿ¸Ê)
¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
ˆÅ. ž¸¢¨¸«¡¸ ¢›¸¢š¸ 70.59 28.87
‰¸. ˆÅŸ¸Ä\¸¸£ú ˆÅ¥¡¸¸µ¸ Ÿ¸Ê ‚¿©¸™¸›¸ -
15.00 11.66
‚¸ˆÅ¦¬Ÿ¸ˆÅ÷¸¸ ˆÅ¥¡¸¸µ¸ ¢›¸¢š¸
‰¸. œ¸¢£ž¸¸¢«¸÷¸ ‚›¸º¥¸¸ž¸ ¡¸¸½]¸›¸¸ À
ˆÅ. œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸ - ¡¸í ¬¸½¨¸¸ œ¸ä¸¸÷¸ ‚›¸º¥¸¸ž¸ í¾, ]¸¸½ ¢ˆÅ ‚¢š¸ˆÅ÷¸Ÿ¸ 33 ¨¸«¸¸½ô
ˆÅú œ¸Ê©¸›¸ ¡¸¸½Š¡¸ ¬¸½¨¸¸ í½÷¸º ‚¿¢÷¸Ÿ¸ ¨¸½÷¸›¸ ˆÅ¸ 50% í¾— ¡¸í ¢›¸¢š¸Š¸÷¸ ¡¸¸½]¸›¸¸
í¾—
190
Annual Report 2020-21
SCHEDULE 18: NOTES ON ACCOUNTS
(Note: Figures in bracket relate to previous year)
1. Investments:
The Bank has classified the investment portfolio into three
categories i.e. “Held to Maturity”, “Available for Sale” and “Held
for Trading” and valued the investments in terms of the Reserve
Bank of India guidelines.
The Bank has made an appropriation of ` 176 crores (` 225
crores) to Investment Fluctuation Reserve (IFR) out of profit of
current year.
2. The Bank has complied with the Accounting Standards issued
by the Institute of Chartered Accountants of India (ICAI) to the
extent applicable as under:
2.1 Accounting Standard 5 – Net Profit or Loss for the period,
prior period items and changes in accounting policies.
As prior period items of income/expenditure are not material,
the same have been charged/accounted for in respective
heads of accounts.
2.2 Accounting Standard 9 – Revenue Recognition
As per Accounting Policy No. 7.1, given in Schedule -17
– Significant Accounting Policies, certain items of income
are recognized on realization/ cash basis. During the year
ended March 31, 2021, the Bank has changed the method
of recognizing the income from locker rent in the quarter
in which it is received to method of recognizing the same
proportionately over the remaining quarters of the year.
3. Fixed Assets
3.1 Depreciation of ` 88.55 (` 106.14) crore for the year on
revalued portion of fixed assets has been charged to profit
and loss account. Equivalent amount of ` 88.55 (` 106.14)
crore has been transferred from Revaluation Reserve to
Revenue Reserve.
3.2 The title deed in respect of few revalued premises having
cost ` 5.60 crore (` 7.32 crore) are not yet executed/
registered in favour of the Bank due to certain long pending
legal dispute/ formalities. There are cases pending for
leased premises where no contingent liability is recognized
as the Bank is defending all these cases filed against it by
landlords of Branch premises due to expiration of lease
deeds. In such cases, Bank has accounted for agreed
liability of ` 0.23 crore in the books of account.
3.3 Capital work in progress comprises of the cost of fixed
assets that are not yet ready for their intended use at the
reporting date. Capital work in progress amounting to
`  34.38 crore includes construction of building.
4. Accounting Standard (AS) 15 (Revised 2005)- “Employee
Benefits” (Parent Bank)
A. Defined Contribution Plans:
(` in Crores)
Particulars 31.03.2021 31.03.2020
a. Provident Fund 70.59 28.87
b. Contribution to Staff Welfare
15.00 11.66
–Welfare Fund Contingency
B. Defined Benefit Plans:
a) Pension Plan- This is a post-employment benefit, which is
50% of final pay for a maximum of 33 years of pensionable
service. This is a funded scheme.
Jeeef<e&keÀ efjHeesì& 2020-21

‰¸. „œ¸™¸›¸ ¡¸¸½]¸›¸¸ - ¡¸í ¬¸½¨¸¸ œ¸ä¸¸÷¸ ‚›¸º¥¸¸ž¸ í¾ ÷¸˜¸¸ ¡¸í ˆ¿Åœ¸›¸ú ˆ½Å ¢›¸¡¸Ÿ¸¸Ê ¨¸
¡¸˜¸¸¬¸¿©¸¸½¢š¸÷¸ „œ¸™¸›¸ ž¸ºŠ¸÷¸¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸ 1972 ˆ½Å ‚¿÷¸Š¸Ä÷¸ „\\¸ „œ¸™¸›¸ ˆ½Å
³Åœ¸ Ÿ¸Ê ¬¸¿™½¡¸ í¾— ¡¸í ¢›¸¢š¸Š¸÷¸ ¡¸¸½]¸›¸¸ í¾—
Š¸. Žº’Ã’ú ›¸ˆÅ™úˆÅ£µ¸/®¸¢÷¸œ¸»¢÷¸Ä ˆÅú Š¸ƒÄ ‚›¸ºœ¸¦¬˜¸¢÷¸ - ¡¸í ¬¸½¨¸¸ œ¸ä¸¸÷¸
‚›¸º¥¸¸ž¸ í¾ ÷¸˜¸¸ ‚¿¢÷¸Ÿ¸ ¨¸½÷¸›¸ œ¸£ ‚¸š¸¸¢£÷¸ 240 ¢™›¸¸Ê ˆÅú ¬¸¿\¸¡¸ú Žº¢’Ã’¡¸¸Ê
ˆÅú ‚¢š¸ˆÅ÷¸Ÿ¸ ¬¸úŸ¸¸ ˆ½Å œÏ¢÷¸ ¬¸¿™½¡¸ í¾— ¡¸í Š¸¾£-¢›¸¢š¸Š¸÷¸ ¡¸¸½]¸›¸¸ í¾—
b) Gratuity Plan- This is a post-employment benefit and is
payable as higher of Gratuity as per Company’s Rules and
Gratuity under Payment of Gratuity Act 1972 as amended.
This is a funded scheme.
c) Leave Encashment/ Compensated Absences- This is
a post-employment benefit and is payable for a maximum
limit of 240 days of accumulated leave based on final pay.
This is an unfunded scheme.

I. œ¸¢£ž¸¸¢«¸÷¸ ‚›¸º¥¸¸ž¸ ™¸¢¡¸÷¨¸¸Ê ˆ½Å ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¡¸ Ÿ¸Ê œ¸¢£¨¸÷¸Ä›¸ ÀChange in the Present value of Defined Benefit Obligations:
(` ˆÅ£¸½”õ Ÿ¸Ê) (` in Crores)
œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸ „œ¸™¸›¸ ¡¸¸½]¸›¸¸ Žº’Ã’ú ˆÅ¸ ›¸ˆÅ™úˆÅ£µ¸
‚.ÇÅ. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS LEAVE ENCASHMENT
SN Particulars
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 œ¸¢£ž¸¸¢«¸÷¸ ‚›¸º¥¸¸ž¸ ™¸¢¡¸÷¨¸¸Ê ˆÅ¸ ‚¸£¿¢ž¸ˆÅ
¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¡¸
Opening Present Value of Defined
Benefit Obligation 6114.28 5740.91 536.30 536.21 272.40 279.00
2 ¤¡¸¸]¸ ¥¸¸Š¸÷¸ Interest Cost 391.17 376.18 32.49 31.77 17.52 17.16
3 ¨¸÷¸ÄŸ¸¸›¸ ¬¸½¨¸¸ ¥¸¸Š¸÷¸
Current Service Cost 367.27 323.21 45.60 26.85 80.47 58.52
4 œ¸»¨¸Ä ¬¸½¨¸¸ ¥¸¸Š¸÷¸
Past Service Cost 0.00 – 0.00 – 0.00 –
5 ž¸ºŠ¸÷¸¸›¸ ¢ˆÅ‡ ‚›¸º¥¸¸ž¸ Benefits Paid (569.19) (450.13) (138.87) (119.83) (41.47) (43.46)
6 ¨¸«¸Ä ˆ½Å ¢¥¸‡ ¤¸úŸ¸¸¿¢ˆÅˆÅ (¥¸¸ž¸)/í¸¢›¸
Actuarial (Gains)/Losses for the year 145.72 124.10 102.02 62.17 (30.63) (38.82)
7 œ¸¢£ž¸¸¢«¸÷¸ ‚›¸º¥¸¸ž¸ ™¸¢¡¸÷¨¸¸Ê ˆÅ¸ ‚¿¢÷¸Ÿ¸
¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¡¸
Closing Present Value of Defined
Benefit Obligation 6449.25 6114.27 577.54 537.18 298.29 272.40

II. ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å „¢\¸÷¸ Ÿ¸»¥¡¸ Ÿ¸Ê œ¸¢£¨¸÷¸Ä›¸ Change in the Fair Value of Plan Assets:
(` ˆÅ£¸½”õ Ÿ¸Ê) (` in Crores)
œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸ „œ¸™¸›¸ ¡¸¸½]¸›¸¸
‚.ÇÅ. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS
SN Particulars
31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ‚¸£¿¢ž¸ˆÅ „¢\¸÷¸ Ÿ¸»¥¡¸
Opening fair value of plan assets 6029.68 5724.33 559.88 533.72
2 ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ ‚œ¸½¢®¸÷¸ ‚¸¡¸
Expected return on plan assets 449.81 480.84 44.85 45.36
3 ¢™¡¸¸ Š¸¡¸¸ ‚¿©¸™¸›¸ Contributions made 300.59 282.85 42.00 102.16
4 ž¸ºŠ¸÷¸¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚›¸º¥¸¸ž¸ Benefits paid (569.19) (450.13) (138.87) (119.83)
5 ¤¸úŸ¸¸¿¢ˆÅˆÅ ¥¸¸ž¸ / í¸¢›¸ Actuarial gains/losses (9.74) (8.21) (3.87) (0.67)
6 ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ‚¿¢÷¸Ÿ¸ „¢\¸÷¸ Ÿ¸»¥¡¸
Closing fair value of plan assets 6201.15 6029.68 503.99 560.74

191
 Annual Report 2020-21

III. ÷¸º¥¸›¸ œ¸°¸ Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸œÏ¸œ÷¸ £¸¢©¸ Amount recognized in the Balance Sheet:
(` ˆÅ£¸½”õ Ÿ¸Ê) (` in Crores)
Š¸¾£¢›¸¢š¸ˆÅ œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸
™¸¢¡¸÷¨¸
¢›¸¢š¸ˆÅ œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸ ™¸¢¡¸÷¨¸ UNFUNDED
FUNDED DEFINED BENEFIT OBLIGATIONS
DEFINED BENEFIT
ÇÅ. ¬¸¿. ¢¨¸¨¸£µ¸ OBLIGATIONS
SN Particulars
œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸‡¿ „œ¸™¸›¸ ¡¸¸½]¸›¸¸‡¿ ˆºÅ¥¸ Žº’Ã’ú ›¸ˆÅ™úˆÅ£µ¸
PENSION PLANS GRATUITY PLANS TOTAL LEAVE ENCASHMENT
31.03.21 31.03.20 31.03.21 31.03.20 31.03.21 31.03.20 31.03.21 31.03.20
1 œ¸¢£ž¸¸¢«¸÷¸ ¥¸¸ž¸ ™¸¢¡¸÷¨¸¸Ê ˆÅ¸ ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¡¸
Present Value of Defined Benefit 6449.25 6114.27 577.54 537.18 7026.80 6651.45 298.29 272.40
Obligations
2 ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ „¢\¸÷¸ Ÿ¸»¥¡¸ (6201.15) (6029.68) (503.99) (560.74) (6705.14) (6590.42) 0.00 0.00
Fair Value of Plan Assets
3 ¢›¸š¸¸Ä¢£÷¸ ¢›¸¨¸¥¸ ™½¡¸÷¸¸ 248.09 84.59 73.55 (23.56) 321.65 61.03 298.29 272.40
Net liability to be recognized
4 ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ ‚›¡¸ £ˆÅŸ¸
Other amount recognized in the 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Balance Sheet
5 ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ ¢›¸¨¸¥¸ ™½¡¸÷¸¸
Net liability recognized in the 248.09 84.59 73.55 (23.56) 321.65 61.03 298.29 272.40
Balance Sheet

IV. ¥¸¸ž¸ ¨¸ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸œÏ¸œ÷¸ £¸¢©¸ Amount recognized in the Profit & Loss Account:
(` ˆÅ£¸½”õ Ÿ¸Ê) (` in Crores)
œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸ „œ¸™¸›¸ ¡¸¸½]¸›¸¸ Žº’Ã’ú ˆÅ¸ ›¸ˆÅ™úˆÅ£µ¸
‚.ÇÅ. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS LEAVE ENCASHMENT
SN Particulars
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 \¸¸¥¸» ¬¸½¨¸¸ ¥¸¸Š¸÷¸
Current Service Cost 367.27 323.21 45.60 26.85 80.47 58.52
2 ¤¡¸¸]¸ ¥¸¸Š¸÷¸
Interest Cost 391.17 376.18 32.49 31.72 17.52 17.16
3 ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ ‚œ¸½¢®¸÷¸ ‚¸¡¸
Expected Return on Plan Assets (449.81) (480.84) (44.85) (45.31) 0.00 0.00
4 ¨¸«¸Ä ˆ½Å ¢¥¸‡ ¤¸úŸ¸¸¿¢ˆÅˆÅ (¥¸¸ž¸)/í¸¢›¸
Actuarial (Gains)/Losses for the
year 155.46 132.31 105.89 62.84 (30.63) (38.82)
5 œ¸»¨¸Ä ¬¸½¨¸¸ ¥¸¸Š¸÷¸
Past Service Cost 0.00 0.00 0.00 0.00 0 0.00
6 Ÿ¸¸›¡¸÷¸¸ í½÷¸º ¨¡¸¡¸
Expense to be recognized 464.09 350.86 139.14 76.10 67.36 36.86
7 ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¢÷¸¢£Æ÷¸
œÏ¸¨¸š¸¸›¸/(œÏ¢÷¸¥¸½‰¸›¸)
Additional provision made / (write
back) during the year 0.00 0.00 0.00 0.00 0 0.00
8 ¥¸¸ž¸ ¨¸ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸ œÏ¸œ÷¸ ÷¸˜¸¸
¬’¸ûÅ ¥¸¸Š¸÷¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ¢›¸¨¸¥¸ ¨¡¸¡¸
Net expense recognized in
Profit & Loss Account and
included in Staff Cost 464.09 350.86 139.14 76.10 67.36 36.86

192
Jeeef<e&keÀ efjHeesì& 2020-21

V. ÷¸º¥¸›¸ œ¸°¸ Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸ œÏ¸œ÷¸ ¢›¸¨¸¥¸ ™½¡¸÷¸¸ Ÿ¸Ê ¬¸Ÿ¸¸š¸¸›¸ Reconciliation in the Net Liability recognized in the Balance Sheet
(` ˆÅ£¸½”õ Ÿ¸Ê) (` in Crores)
‚.ÇÅ. œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸ „œ¸™¸›¸ ¡¸¸½]¸›¸¸ Žº’Ã’ú ˆÅ¸ ›¸ˆÅ™úˆÅ£µ¸
¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS LEAVE ENCASHMENT
Sr.
Particulars
No 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020

1
‚¸£¿¢ž¸ˆÅ ¢›¸¨¸¥¸ ™½¡¸÷¸¸
Opening Net Liability 84.59 16.58 (23.57) 2.50 272.40 279.00

2
Ÿ¸¸›¡¸÷¸¸œÏ¸œ÷¸ ¨¡¸¡¸
Expense recognized 464.09 350.86 139.14 76.10 67.36 36.86

3
‚¿©¸™¸›¸/‚›¸º¥¸¸ž¸ ˆÅ¸ ž¸ºŠ¸÷¸¸›¸
Contributions/Benefits paid (300.59) (282.85) (42.00) (102.17) (41.47) (43.46)

4 ‚¿¢÷¸Ÿ¸ ¢›¸¨¸¥¸ ™½¡¸÷¸¸

Closing Net Liability 248.09 84.59 73.57 (23.57) 298.29 272.40

VI. ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ ¨¸¸¬÷¸¢¨¸ˆÅ ‚¸¡¸ Actual Return on Plan Assets
(` ˆÅ£¸½”õ Ÿ¸Ê) (` in Crores)
œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸ „œ¸™¸›¸ ¡¸¸½]¸›¸¸
‚.ÇÅ. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS
Sr No Particulars
31.03.2021 31.03.2020 31.03.2021 31.03.2020

1
¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ ‚œ¸½¢®¸÷¸ ‚¸¡¸
Expected return on plan assets 449.81 480.84 44.85 45.36

2
¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ ¤¸úŸ¸¸¿¢ˆÅˆÅ ¥¸¸ž¸ (í¸¢›¸)
Actuarial gain (loss) on plan assets (9.74) (8.21) (3.87) (0.67)

3 ¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ ¨¸¸¬÷¸¢¨¸ˆÅ ‚¸¡¸

Actual return on plan assets 440.07 472.63 40.98 44.69

VII. Ÿ¸»¥¸ ¤¸úŸ¸¸¿¢ˆÅˆÅ Ÿ¸¸›¡¸÷¸¸‡¿ (ž¸¸¢£÷¸ ‚¸¾¬¸÷¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¡¸Æ÷¸) Principal Actuarial Assumptions (expressed as weighted averages)
(` ˆÅ£¸½”õ Ÿ¸Ê) (` in Crores)
œ¸Ê©¸›¸ ¡¸¸½]¸›¸¸ „œ¸™¸›¸ ¡¸¸½]¸›¸¸ Žº’Ã’ú ˆÅ¸ ›¸ˆÅ™úˆÅ£µ¸
‚.ÇÅ. ¢¨¸¨¸£µ¸ PENSION PLANS GRATUITY PLANS LEAVE ENCASHMENT
Sr No Particulars
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020

1
¤¸’Ã’¸ ™£ 6.71% 6.50% 6.96% 6.67% 6.96% 6.67%
Discount rate

2
¡¸¸½]¸›¸¸ ‚¸¦¬÷¸¡¸¸Ê œ¸£ ‚œ¸½¢®¸÷¸ ‚¸¡¸ 7.46% 8.40% 8.01% 8.50% ¥¸¸Š¸» ›¸íì NA ¥¸¸Š¸» ›¸íì NA
Expected return on plan assets

3
¨¸½÷¸›¸ ¨¸¼¢Ö ˆÅú ‚œ¸½¢®¸÷¸ ™£ 5.50% 5.50% 5.50% 5.50% 5.50% 5.50%
Expected rate of salary increases

Ÿ¸í¸Ÿ¸¸£ú ˆÅú œ¸¢£¦¬˜¸¢÷¸¡¸¸Ê ˆ½Å ˆÅ¸£µ¸ „œ¸™¸›¸ ‚¸¾£ Žº’Ã’ú ›¸ˆÅ™úˆÅ£µ¸ ˆ½Å ¢¥¸‡ ‚›¸º«¸¿Š¸ú
ˆ¿Åœ¸›¸ú Ÿ¸í¸£¸«’ï ‡¦Æ]¸Æ¡¸»’¬¸Ä ‡¿” ’﬒ú ˆ¿Åœ¸›¸ú ¢¥¸¢Ÿ¸’½” ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ˆÅŸ¸Ä\¸¸¢£¡¸¸Ê ˆ½Å ¥¸¸ž¸
ˆÅú ¤¸úŸ¸¸¿¢ˆÅˆÅ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢£œ¸¸½’Ä œÏ¸œ÷¸ ›¸íú¿ ˆÅú ]¸¸ ¬¸ˆÅú ƒ¬¸¢¥¸‡, METCO ˆ½Å Ÿ¸¸Ÿ¸¥¸½ Ÿ¸Ê
¢¨¸î¸ú¡¸ ¨¸«¸Ä 2020-21 ˆ½Å ¢¥¸‡ „œ¸™¸›¸ ‚¸¾£ Žº’Ã’ú ›¸ˆÅ™úˆÅ£µ¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸, ÷¸™˜¸Ä
‚¸š¸¸£ œ¸£ ÇÅŸ¸©¸À ` 2,00,000 ‚¸¾£ ` 10,000 ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ¤¸úŸ¸¸¿¢ˆÅˆÅ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆÅ¸
‰¸º¥¸¸¬¸¸ ˆ½Å¨¸¥¸ Ÿ¸»¥¸ ¤¸ÿˆÅ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ í¾—
Due to pandemic situation, Actuarial valuation reports of employees
benefits related to subsidiary company i.e. Maharashtra Executors &
Trustee Company Ltd. for Gratuity and leave Encashment could not
be obtained. Hence, provision for Gratuity and Leave Encashment
for F. Y. 2020-21, in case of METCO has been made at ` 2,00,000
and ` 10,000 respectively on adhoc basis. The disclosure of Actuarial
valuation is only pertaining to Parent Bank.

193
 Annual Report 2020-21

5. ¬¸Ÿ¸½¢ˆÅ÷¸ ‰¸¿” ¢£œ¸¸½¢’ôŠ¸ (¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 17) Consolidated Segment Reporting (AS-17):
(` ˆÅ£¸½”õ Ÿ¸Ê) (` in Crores)
¨¡¸¨¸¬¸¸¡¸ ‰¸¿” ‰¸]¸¸›¸¸ ¢›¸Š¸¢Ÿ¸÷¸ / ˜¸¸½ˆÅ ¤¸ÿ¢ˆ¿ÅŠ¸ ¢£’½¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ‚›¡¸ ¤¸ÿ¢ˆ¿ÅŠ¸ œ¸¢£\¸¸¥¸›¸ ˆºÅ¥¸
Business Segments > Treasury Corporate/ Wholesale Retail Banking Other bankin Total
Banking Operations
¢¨¸¨¸£µ¸ Particulars 2020-21 2019-20 2020-21 2019-20 2020-21 2019-20 2020-21 2019-20 2020-21 2019-20
£¸]¸¬¨¸ Revenue 5220.87 4984.18 3744.42 3702.54 5170.16 3825.10 379.77 643.45 14515.22 13155.26
œ¸¢£µ¸¸Ÿ¸ Result 1657.84 1260.03 (105.20) (1413.11) (629.29) (264.55) 329.20 167.73 1252.55 (249.90)
‚›¸¸¤¸¿¢’÷¸ ‰¸\¸Ä
Unallocated expenses 0 0
œ¸¢£\¸¸¥¸›¸Š¸÷¸ ¥¸¸ž¸
Operating profit 1252.55 (249.90)
‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ¬¸¢í÷¸ ˆÅ£
Taxes including deferred
taxes 681.09 (648.74)
‚¬¸¸š¸¸£µ¸ ¥¸¸ž¸/í¸¢›¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸ ©¸»›¡¸
Extraordinary profit/ loss Nil Nil Nil Nil Nil Nil Nil Nil - -
¢›¸¨¸¥¸ ¥¸¸ž¸
Net profit 571.46 398.84
‚›¡¸ ]¸¸›¸ˆÅ¸£ú
Other Information:
‰¸¿” ‚¸¦¬÷¸¡¸¸¿
Segment assets 74885.33 64498.34 68381.15 54698.89 36651.23 34620.44 12269.19 11596.50 192186.90 165414.17
‚›¸¸¤¸¿¢’÷¸ ‚¸¦¬÷¸¡¸¸¿
Unallocated assets 4648.21 3603.36
ˆºÅ¥¸ ‚¸¦¬÷¸¡¸¸¿
Total assets 196835.11 169017.53
‰¸¿” ™½¡¸÷¸¸‡¿
Segment liabilities 73629.74 63594.78 64502.50 51836.70 34473.25 32725.61 11277.11 9951.26 183882.60 158108.35
‚›¸¸¤¸¿¢’÷¸ ™½¡¸÷¸¸‡¿
Unallocated liabilities 644.22 0.00
œ¸»¿]¸ú ‚¸¾£ ‚›¡¸ ‚¸£¢®¸¢÷¸¡¸¸¿
Capital & Other Reserves 12308.29 10909.18
ˆºÅ¥¸ ™½¡¸÷¸¸‡¿
Total liabilities 196835.11 169017.53

ˆÅ) ‰¸]¸¸›¸¸ ‰¸¿” Ÿ¸Ê ¢›¸¨¸½©¸, ž¸¸£÷¸ ˆ½Å ¤¸¸í£ ¦¬˜¸÷¸ ¤¸ÿˆÅ¸Ê Ÿ¸Ê ‚¢š¸©¸½«¸, ¢›¸¨¸½©¸¸Ê œ¸£ „œ¸¢\¸÷¸
¤¡¸¸]¸ ‚¸¾£ „›¸¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ‚¸¡¸ ƒ÷¡¸¸¢™ ˆÅ¸½ ©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
‰¸) ¢›¸Š¸¢Ÿ¸÷¸ ‚¸¾£ ˜¸¸½ˆÅ ¤¸ÿ¢ˆ¿ÅŠ¸ ‰¸¿” Ÿ¸Ê ›¡¸¸¬¸¸Ê, ž¸¸Š¸ú™¸£ú ûÅŸ¸¸½ô, ˆ¿Åœ¸¢›¸¡¸¸Ê ‚¸¾£ ¬¸¸¿¢¨¸¢š¸ˆÅ
¢›¸ˆÅ¸¡¸¸Ê ˆÅ¸½ ¢™‡ Š¸‡ ¬¸ž¸ú ‚¢ŠÏŸ¸ ©¸¸¢Ÿ¸¥¸ íÿ ¢]¸›íÊ ¢£’½¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ‰¸¿” Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ›¸íú¿
¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
Š¸) ¢£’½¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸ Ÿ¸Ê ¨¸¾¡¸¢Æ÷¸ˆÅ ¨¡¸¢Æ÷¸ / ¨¡¸¢Æ÷¸¡¸¸Ê ‚˜¸¨¸¸ ‡½¬¸½ ¥¸‹¸º ¨¡¸¨¸¬¸¸¡¸¸Ê ˆÅ¸½
¢¨¸Š¸¸½œ¸›¸ ©¸¸¢Ÿ¸¥¸ í¾, ]¸í¸¿
i. ˆºÅ¥¸ ¨¸¸¢«¸ÄˆÅ ‚¸¾¬¸÷¸ ‚¸¨¸÷¸Ä ` 50.00 ˆÅ£¸½”õ ¬¸½ ˆÅŸ¸ í¾, ‚¸¾£
a) Treasury segment includes Investment, balances with Banks
outside India, Interest accrued on investments and related
income there from.
b) Corporate/Wholesale Banking Segments include all advances
to trusts, partnership firms, companies, statutory bodies and
individuals etc. which are not included in Retail Banking
Segments.
c) Retail Banking Segments include exposure to entity/concern
where
i. Total average annual turnover less than ` 50.00 crore and

ii. ¢ˆÅ¬¸ú ž¸ú ‡ˆÅ œÏ¢÷¸œ¸®¸ ˆÅ¸½ ™ú Š¸ƒÄ ¬¸ˆÅ¥¸ „š¸¸¢£¡¸¸¿ ¤¸ÿˆÅ ˆ½Å ¬¸Ÿ¸ŠÏ ¢£’½¥¸
¬¸¿¢¨¸ž¸¸Š¸ ˆ½Å 0.2% ¬¸½ ‚¢š¸ˆÅ ›¸íú¿ í¾, ‚¸¾£
iii. ‡ˆÅ œÏ¢÷¸œ¸®¸ ˆÅ¸½ œÏ™¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¢š¸ˆÅ÷¸Ÿ¸ ¬¸ˆÅ¥¸ ¢£’½¥¸ „š¸¸£ ` 5.00
ˆÅ£¸½”õ ÷¸ˆÅ í¾
‹¸) …œ¸£ ¢¨¸¢›¸¢™Ä«’ ‰¸¿”¸Ê ˆ½Å ‚š¸ú›¸ ©¸¸¢Ÿ¸¥¸ ›¸íú¿ ¢ˆÅ‡ Š¸‡ ‚›¡¸ ¬¸ž¸ú ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸¿¨¡¸¨¸í¸£¸Ê
ˆÅ¸½ ‚›¡¸ ¤¸ÿ¢ˆ¿ÅŠ¸ œÏ\¸¸¥¸›¸ ‰¸¿” Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
”) Š¸¿ž¸ú£÷¸¸ ˆÅ¸½ š¡¸¸›¸ Ÿ¸Ê £‰¸÷¸½ íº‡ ‚›¸º«¸¿Š¸ú ˆ¿Åœ¸›¸ú ˆ½Å ¨¡¸¨¸¬¸¸¡¸ œÏ\¸¸¥¸›¸ ˆÅ¸½ ‚›¡¸ ¤¸ÿ¢ˆ¿ÅŠ¸
¬¸¿¨¡¸¨¸í¸£¸Ê Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
ii. Aggregate exposure to one counter party does not exceed
0.2% of the overall retail portfolio of the Bank and
iii. The maximum aggregated retail exposure to one counterpart
is up to ` 5.00 crore.
d) Other Banking Operations segment includes all other banking
transaction not covered under segments, specified above.
e) The interest income is allocated on the basis of actual interest
received from wholesale banking operations. The total interest
received less interest of wholesale banking is taken to retail
banking operations

\¸) ˜¸¸½ˆÅ ¤¸ÿ¢ˆ¿ÅŠ¸ / ¢£’½¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¬¸½Š¸Ÿ¸Ê’ ׸£¸ ‚¢]¸Ä÷¸ ¤¡¸¸]¸ ‚¸¡¸ ˆ½Å ‚¸š¸¸£ œ¸£ ¬¸úš¸½ f) Expenses not directly attributable are allocated on the basis of
Interest income earned by the wholesale banking / retail banking
œ¸¸°¸ ›¸íú¿ í¸½›¸½ ¨¸¸¥¸½ ¨¡¸¡¸ ‚¸¨¸¿¢’÷¸ ¢ˆÅ‡ ]¸¸÷¸½ íÿ— ‰¸]¸¸›¸¸ œ¸¢£\¸¸¥¸›¸¸Ê ˆ½Å ‰¸\¸Ä ’ï½]¸£ú

194
Jeeef<e&keÀ efjHeesì& 2020-21
‚¸Áœ¸£½©¸¿¬¸ ¬¸½ „œ¸¥¸¤š¸ ¢¨¸¨¸£µ¸ ˆ½Å ‚›¸º¬¸¸£ íÿ— segment. Expenses of treasury operations are as per the details
available from treasury operations
Ž) œÏ÷¡¸½ˆÅ ‰¸¿” ˆ½Å ¢¥¸‡ ¢›¸¡¸¸½¢]¸÷¸ œ¸»¿]¸ú ˆÅ¸½ ¬¸¿¤¸¿¢š¸÷¸ ‰¸¿” ˆÅú ‚¸¦¬÷¸ ˆ½Å ‚›¸ºœ¸¸÷¸ Ÿ¸Ê g) Capital employed for each segment has been allocated
‚¸¨¸¿¢’÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— proportionate to the assets of the respective segment.

ž¸¸¾Š¸¸½¢¥¸ˆÅ ‰¸¿” Geographical Segment

\¸»¿¢ˆÅ ¤¸ÿˆÅ ˆÅ¸ œ¸¢£\¸¸¥¸›¸ ˆ½Å¨¸¥¸ ž¸¸£÷¸ ˆÅú ¬¸úŸ¸¸ ˆ½Å ‚¿™£ í¾ ‚÷¸À ˆÅ¸½ƒÄ ž¸¸¾Š¸¸½¢¥¸ˆÅ ‰¸¿” Since the operations of the Bank are within India only,
Geographical Segment is not applicable.
¥¸¸Š¸» ›¸íú¿ í¾—
6. Accounting Standard 18 – Related party disclosures:
6. ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 18- ¬¸¿¤¸š™ œ¸®¸ œÏˆÅ’›¸À
The details in this regard are as under:
ƒ¬¸ ¬¸¿¤¸¿š¸ Ÿ¸Ê ¤¡¸¸¾£½ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿÀ
1. Name of the Related Parties and their relationship:
1. ¬¸¿¤¸¿¢š¸÷¸ œ¸®¸¸Ê ˆÅ¸ ›¸¸Ÿ¸ ‚¸¾£ „›¸ˆ½Å ¬¸¿¤¸¿š¸À
(a) Subsidiary of the Bank –The Maharashtra Executor &
ˆÅ. ¤¸ÿˆÅ ˆÅú ‚›¸º«¸¿Š¸ú ˆ¿Åœ¸›¸ú - ™ú Ÿ¸í¸£¸«’ï ‡¦Æ]¸Æ¡¸»’£ ‡¿” ’﬒ú ˆ¿Åœ¸›¸ú Trustee Co. Pvt. Limited
œÏ¸.¢¥¸. (b) Associate of the Bank – Maharashtra Gramin Bank
‰¸. ¤¸ÿˆÅ ˆÅú ¬¸í¸¡¸ˆÅ ¬¸¿¬˜¸¸ - Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ (c) Key Management Personnel-
‹¸. Ÿ¸í÷¨¸œ¸»µ¸Ä œÏ¤¸¿š¸ˆÅú¡¸ ˆÅŸ¸úÄ - (` in Crores)
(` ˆÅ£¸½”õ Ÿ¸Ê) Remuneration
S.N. Name Designation
Ÿ¸¸›¸™½¡¸ 2020-21 2019-20
ÇÅ ›¸¸Ÿ¸ œ¸™›¸¸Ÿ¸ Shri A S
2020-21 2019-20 1
Rajeev
MD & CEO 0.30 0.29

1 ªú ‡. ‡¬¸. £¸]¸ú¨¸ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½ 0.30 0.29 Shri Hemant
2 Executive Director 0.26 0.25
Kumar Tamta
ªú í½Ÿ¸›÷¸ ˆºÅŸ¸¸£
2 ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ 0.26 0.25 Shri
’Ÿ’¸ Executive Director (till
3 Nageswara 0.23 –
21.01.2021)
ªú ›¸¸Š¸½æ¸£ £¸¨¸ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ Rao Y
3 0.23 *
¨¸¸ƒÄ. (21.01.2021 ÷¸ˆÅ )
Shri A. B. Executive Director
4 0.02 –
ªú ‡. ¤¸ú. ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ Vijayakumar (from 10.03.2021)
4 0.02 -
¢¨¸]¸¡¸ˆºÅŸ¸¸£ (10.03.2021 ¬¸½) Chief Financial Officer
Shri V P (CFO) & General
Ÿ¸º‰¡¸ ¢¨¸î¸ú¡¸ ‚¢š¸ˆÅ¸£ú (CFO) 5 0.06 0.25
ªú ¨¸ú. œ¸ú. Srivastava Manager, FM&A (till
5 ÷¸˜¸¸ Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¢¨¸.œÏ. ¨¸ ¥¸½‰¸¸ 0.06 0.25 16.06.2020)
ªú¨¸¸¬÷¸¨¸
(16.06.2020 ÷¸ˆÅ)
Chief Financial Officer
Ÿ¸º‰¡¸ ¢¨¸î¸ú¡¸ ‚¢š¸ˆÅ¸£ú 6
Shri Prashant (CFO) & General
0.26 –
ªú œÏ©¸¸¿÷¸ ‚¸£. R. Khatawkar Manager, FM&A (from
6 (CFO) ÷¸˜¸¸ Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¢¨¸. 0.26 -
‰¸’¸¨¸ˆÅ£ 16.06.2020)
œÏ. ¨¸ ¥¸½‰¸¸ (16.06.2020 ¬¸½)
Total 1.13 0.79
ˆºÅ¥¸ 1.13 0.79
7. Accounting Standard 19 - Leases
7. ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 19 - œ¸’Ã’¸
Finance Leases:
¢¨¸î¸ú¡¸ œ¸’Ã’¸ À
Lease under which the Bank assumes substantially all the risks
œ¸’Ã’¸ ¢]¸¬¸ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¤¸ÿˆÅ ¬¨¸¸¢Ÿ¸÷¨¸ ˆ½Å ¬¸ž¸ú ]¸¸½¢‰¸Ÿ¸¸Ê ‚¸¾£ ¥¸¸ž¸¸Ê ˆÅ¸½ ˆÅ¸ûÅú í™ ÷¸ˆÅ and rewards of ownership are classified as finance leases.
Ÿ¸¸›¸÷¸¸ í¾, „›íÊ ¢¨¸î¸ú¡¸ œ¸’Ã’½ ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ í¾— ‡½¬¸ú „œ¸¢\¸÷¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸½, Such assets acquired are capitalized at fair value of the asset
‚¸¦¬÷¸ ˆÅú „¢\¸÷¸ ™£ œ¸£ ¡¸¸ œ¸’Ã’¸ ž¸ºŠ¸÷¸¸›¸ ˆ½Å ¨¸÷¸ÄŸ¸¸›¸ Ÿ¸»¥¡¸ („¢\¸÷¸ †µ¸ œ¸¢£©¸¸½š¸›¸ or present value of the lease payments (after due amortization),
whichever is lower.
ˆ½Å ¤¸¸™), ]¸¸½ ž¸ú ˆÅŸ¸ í¸½, œ¸£ œ¸»Â]¸úˆ¼Å÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾—
œ¸¢£\¸¸¥¸›¸ œ¸’Ã’¸ À Operating Leases:
Bank has no non-cancellable Operating Leases during Financial
¢¨¸î¸ú¡¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ˆÅ¸ ˆÅ¸½ƒÄ Š¸¾£ ¢›¸£¬¸›¸ ¡¸¸½Š¡¸ œ¸¢£\¸¸¥¸›¸ ¥¸ú]¸ ›¸íú¿ í¾— ‚÷¸À Year. Hence additional disclosure under AS-19 is not applicable.
‡ ‡¬¸ 19 ˆ½Å ‚¿÷¸Š¸Ä÷¸ ˆÅ¸½ƒÄ ‚¢÷¸¢£Æ÷¸ ¢¨¸Š¸¸½œ¸›¸ ›¸íú¿ í¾— œ¸’Ã’½ ˆÅú ‚¨¸¢š¸ ˆ½Å ¤¸¸™ ¥¸¸ž¸ The Lease payments under operating leases are recognized as
‚¸¾£ í¸¢›¸ ˆ½Å ¢¨¸¨¸£µ¸ Ÿ¸Ê ¬’ï½’ ¥¸¸ƒ›¸ ‚¸š¸¸£ œ¸£ œ¸¢£\¸¸¥¸›¸ œ¸’Ã’½ ˆ½Å ‚¿÷¸Š¸Ä÷¸ œ¸’Ã’¸ an expense on straight line basis in Profit and Loss over the
ž¸ºŠ¸÷¸¸›¸ ¨¡¸¡¸ ˆ½Å ³Åœ¸ Ÿ¸Ê Ÿ¸¸›¡¸ í¾— œ¸¢£\¸¸¥¸›¸ œ¸’Ã’¸Ê ˆ½Å ¢¥¸‡ ¨¸«¸Ä 2020-21 í½÷¸º ¥¸¸ž¸ lease term. Amount of lease payments recognized in the Profit
‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ Ÿ¸Ê ‚¢ž¸¢›¸š¸¸Ä¢£÷¸ œ¸’Ã’¸ ž¸ºŠ¸÷¸¸›¸ ˆÅú £¸¢©¸ ` 162.42 ˆÅ£¸½”õ (¢œ¸Ž¥¸½ and Loss Account for operating leases amount to ` 162.42 crore
for the year 2020-21 (Previous year ` 152.65 crore).
¨¸«¸Ä ` 152.65 ˆÅ£¸½”õ) í¾—

195
 Annual Report 2020-21

8. ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 20 - œÏ¢÷¸ ©¸½¡¸£ ‚¸¡¸ 8. Accounting Standard 20- Earning per Share

Particulars 31.03.2021 31.03.2020

¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
Basic E.P.S. ` 0.88 ` 0.67
Ÿ¸»¥¸ œÏ¢÷¸ ©¸½¡¸£ ‚¸¡¸ ` 0.88 ` 0.67
Diluted E.P.S. ` 0.88 ` 0.67
”¸¡¸¥¸º’”½ œÏ¢÷¸ ©¸½¡¸£ ‚¸¡¸ ` 0.88 ` 0.67
Calculation of Basic /Diluted EPS.
Ÿ¸»¥¸/”¸¡¸¥¸º’”½ œÏ¢÷¸ ©¸½¡¸£ ‚¸¡¸ ˆÅú Š¸µ¸›¸¸ a) Net Profit after Tax (in Lakhs) 55025 38858
‚¢š¸Ÿ¸¸›¸ ©¸½¡¸£¸Ê œ¸£ ¥¸¸ž¸¸¿©¸ ÷¸˜¸¸ ˆÅ£
ˆÅ)  b) Weighted Average number of
62563 58165
55025 38858 Equity Shares (in Lakhs)
ˆ½Å ¤¸¸™ ¢›¸¨¸¥¸ ¥¸¸ž¸ (` ¥¸¸‰¸ Ÿ¸Ê)
‰¸) ƒ¦Æ¨¸’ú ©¸½¡¸£¸Ê ˆÅú ž¸¸¢£÷¸ ‚¸¾¬¸÷¸ ¬¸¿‰¡¸¸ c) Basic/ Diluted Earnings per
62563 58165 ` 0.88 ` 0.67
share [(a) divided by (b)]
(¬¸¿‰¡¸¸ ¥¸¸‰¸ Ÿ¸Ê)
œÏ¢÷¸ ©¸½¡¸£ Ÿ¸»¥¸ ‚¸¡¸ (‰¸) ׸£¸
Š¸)  9. Accounting Standard 21 – Consolidated Financial
` 0.88 ` 0.67 Statements & Accounting Standard – 23 Accounting
¢¨¸ž¸¸¢]¸÷¸ (ˆÅ)
for Investment in Associate in Consolidated Financial
9. ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ œ¸£ ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 21 ‚¸¾£ ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 23 - Statement
¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ‚›¸º«¸¿Š¸ú Ÿ¸Ê ¢›¸¨¸½©¸ ˆ½Å ¢¥¸‡ ¥¸½‰¸¸¿ˆÅ›¸ The financial results of subsidiary i.e. Maharashtra Executor &
Trustee Company Limited has been consolidated in accordance
‚›¸º«¸¿Š¸ú ‚˜¸¸Ä÷¸ Ÿ¸í¸£¸«’ï ‡¢Æ]¸Æ¡¸»’£ ‡¿” ’﬒ú ˆ¿Åœ¸›¸ú œÏ¸. ¢¥¸¢Ÿ¸’½” ˆ½Å ¢¨¸î¸ú¡¸
with Accounting Standard 21. The audited Financial Statements
¢¨¸¨¸£µ¸¸Ê ˆÅ¸ ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 21 ˆ½Å ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê ¬¸Ÿ¸½ˆÅ›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ƒ¬¸ „Ó½©¡¸ ˆ½Å are considered for this purpose.
¢¥¸‡ ¥¸½‰¸¸ œ¸£ú¢®¸÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ Ÿ¸¸›¡¸ ¢ˆÅ‡ íÿ—
The accounting of investment in associate i.e. Maharashtra
¬¸í¸¡¸ˆÅ ƒˆÅ¸ƒÄ ‚˜¸¸Ä÷¸ Ÿ¸í¸£¸«’ï ŠÏ¸Ÿ¸úµ¸ ¤¸ÿˆÅ Ÿ¸Ê ¢›¸¨¸½©¸¸Ê ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸ ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 23 Gramin Bank has been made in Consolidated Financial
ˆ½Å ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ƒ¬¸ „Ó½©¡¸ ˆ½Å ¢¥¸‡ ¥¸½‰¸¸ Statement in accordance with Accounting Standard 23.The
œ¸£ú¢®¸÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ Ÿ¸¸›¡¸ ¢ˆÅ‡ íÿ— unaudited Financial Statements are considered for this purpose

10. ‚¸¡¸ œ¸£ ˆÅ£¸Ê ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸ (‡‡¬¸-22) 10. Accounting for Taxes on Income (AS-22):

¤¸ÿˆÅ ׸£¸ ˆÅú Š¸ƒÄ Š¸í›¸ œ¸º›¸£ú®¸¸ ‚¸¾£ ž¸¢¨¸«¡¸ ˆÅú ˆÅ£¡¸¸½Š¡¸ ‚¸¡¸, ¢]¸¬¸ˆ½Å ¬¸Ÿ¸®¸ ¬¸¿\¸¡¸ú
í¸¢›¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ ˆ½Å ˆÅ¸£µ¸ ¬¸Ÿ¸¡¸ ‚¿÷¸£¸¥¸ „÷œ¸››¸ í¸½÷¸½ íÿ, ˆÅú „œ¸¥¸¤š¸÷¸¸ ˆÅú
„¢\¸÷¸ ¢›¸¢ä¸÷¸÷¸¸ ˆ½Å ‚¸š¸¸£ œ¸£ ‰¸£¸¤¸ ¨¸ ¬¸¿™½í¸¬œ¸™ †µ¸¸Ê (‡›¸œ¸ú‡), ˆÅŸ¸Ä\¸¸£ú ¥¸¸ž¸¸Ê
ƒ÷¡¸¸¢™ ˆÅ¸½ ¨¸¬¸»¥¸¸ ]¸¸ ¬¸ˆÅ÷¸¸ í¾ ‚¸¾£ ÷¸™›¸º¬¸¸£ ¨¸«¸Ä 2020-21 ˆ½Å ™¸¾£¸›¸ ¤¸ÿˆÅ ›¸½
‡‡¬¸-22 ˆ½Å ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê ‚¸¡¸ œ¸£ ˆÅ£¸Ê ˆÅú Š¸µ¸›¸¸ ˆÅú Š¸ƒÄ í¾. ÷¸™›¸º¬¸¸£, ‚¸¬˜¸¢Š¸÷¸
ˆÅ£ ‚¸¦¬÷¸¡¸¸Ê ‚¸¾£ ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ™¸¢¡¸÷¨¸¸Ê ˆ½Å œÏŸ¸º‰¸ ‹¸’ˆÅ ¢›¸Ÿ›¸¸›¸º¬¸¸£ íÿ À
(` ˆÅ£¸½”õ Ÿ¸Ê)
¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸¿
Based on the thorough review by the bank and on reasonable
certainty of availability of future taxable income against which
timing differences arising on account of provision for accumulated
losses, Bad & Doubtful Debts (NPA), employee benefits etc. can
be realized and accordingly during the year 2020-21, the bank
has accounted for taxes on income in compliance with AS 22.
Accordingly, Deferred Tax Assets and Deferred Tax Liabilities are
as under:
(` in Crores)
Particulars 31.03.2021 31.03.2020
Deferred Tax Assets

1) ¬¸¿¢\¸÷¸ í¸¢›¸ ˆ½Å ˆÅ¸£µ¸* 859.91 929.79 1) O

 n account of Accumulated
859.91 929.79
Losses*
2) ˆÅŸ¸Ä\¸¸£ú ‚›¸º¥¸¸ž¸ í½÷¸º œÏ¸¨¸š¸¸›¸ ˆÅú 2) O
 n account of provisions for
207.65 201.25 207.65 201.25
£ˆÅŸ¸ ˆ½Å ˆÅ¸£µ¸ Employees benefits
3) ‚›¡¸ œÏ¸¨¸š¸¸›¸ - ]¸í¸¿ ”ú’ú‡ ¤¸›¸¸¡¸¸ 3) O
 ther Provisions where DTA is
1857.91 2279.72 1857.91 2279.72
Š¸¡¸¸ í¾ created
4) ‚\¸¥¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å Ÿ¸»¥¡¸-í¸¬¸ ˆ½Å ˆÅ¸£µ¸ 0.00 74.57 4) O
 n account of depreciation on
0.00 74.57
fixed assets
ˆºÅ¥¸ 2925.47 3485.33
Sub-Total (A) 2925.47 3485.33
‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ™½¡¸÷¸¸
Deferred Tax Liability
1) š¸¸£¸ 36 (1) (viii) ˆ½Å ‚¿÷¸Š¸Ä÷¸ 1) O
 n account of Special Reserve
17.24 173.35 17.24 173.35
¢¨¸©¸½«¸ ‚¸£¢®¸¢÷¸¡¸¸Ê ˆ½Å ˆÅ¸£µ¸ u/s 36(1) (viii)
2) ¢›¸¨¸½©¸ Ÿ¸Ê ݸ¬¸ ˆ½Å ˆÅ¸£µ¸ 0.00 0.00 2) O
 n account of Depreciation on
0.00 0.00
3) ‚\¸¥¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å Ÿ¸»¥¡¸-í¸¬¸ ˆ½Å ˆÅ¸£µ¸ 0.00 0.00 Investment
4) ‚›¡¸ œÏ¸¨¸š¸¸›¸ ]¸í¸¿ ”ú’ú‡¬¸ ÷¸¾¡¸¸£ 3) O
 n account of Depreciation on
0.00 0.00 0.00 0.00
Fixed Assets
¢ˆÅ¡¸¸ Š¸¡¸¸ í¾
4) O
 ther Provisions where DTL is
„œ¸ ]¸¸½”õ (‰¸) 17.24 173.35 0.00 0.00
created
¢›¸¨¸¥¸ ‚¸¬˜¸¢Š¸÷¸ ˆÅ£ ‚¸¦¬÷¸¡¸¸¿ (ˆÅ-‰¸) 2908.23 3311.98 Sub-Total (B) 17.24 173.35

* ¤¸ÿˆÅ ›¸½ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ³Åœ¸ Ÿ¸Ê ` 200 ˆÅ£¸½”õ ˆÅú ¬¸¿\¸¡¸ú í¸›¸ú œ¸£ ”ú’ú‡ ˆ½Å Net Deferred Tax Asset (A-B) 2908.23 3311.98
³Åœ¸ Ÿ¸Ê ` 69.88 ˆÅ£¸½”õ ˆÅú £¸¢©¸ œÏ÷¡¸¸¨¸¢÷¸Ä÷¸ ˆÅú— *The bank as a matter of prudence reversed an amount of ` 69.88
Crore being the DTA on accumulated losses of ` 200 Crore.

196
Jeeef<e&keÀ efjHeesì& 2020-21

11. ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 26 - ‚Ÿ¸»÷¸Ä ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¥¸½‰¸¸¿ˆÅ›¸
‚¸¿÷¸¢£ˆÅ ³Åœ¸ ¬¸½ ¢›¸¢Ÿ¸Ä÷¸ ˆÅŸœ¡¸»’£ ¬¸¸ÁÉ’¨¸½¡¸£ ˆ½Å ‚¢÷¸¢£Æ÷¸ À
„œ¸¡¸¸½Š¸ú ‚¨¸¢š¸ - 3 ¨¸«¸Ä
œ¸¢£©¸¸½š¸›¸ ™£ - 33.33%
œ¸¢£©¸¸½š¸›¸ œ¸Ö¢÷¸ - ¥¸¸Š¸÷¸ œ¸£ ¬¸úš¸ú £½‰¸¸ œ¸Ö¢÷¸
(` ˆÅ£¸½”õ Ÿ¸Ê)
¢¨¸¨¸£µ¸ 31.03.2021 31.03.2020
¨¸«¸Ä ˆ½Å ‚¸£¿ž¸ Ÿ¸Ê ¬¸¸ÁÉ’¨¸½¡¸£ 24.01 42.21
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ¢¥¸‡ Š¸¡¸½ ¬¸¸ÁÉ’¨¸½¡¸£ 31.25 13.61
¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ œ¸¢£©¸¸½š¸›¸ 22.02 31.81
¨¸«¸Ä ˆÅú ¬¸Ÿ¸¸¦œ÷¸ œ¸£ ‚¸Š¸½ ¥¸½ ]¸¸ƒÄ Š¸ƒÄ ¢›¸¨¸¥¸
33.24 24.01
£¸¢©¸
12. ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ‚›¸]¸ÄˆÅ í¸½›¸¸ (¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ-28)À
]¸¤¸ ž¸ú ¢ˆÅ¬¸ú ‹¸’›¸¸ ¡¸¸ œ¸¢£¦¬˜¸¢÷¸¡¸¸Ê Ÿ¸Ê ¡¸í ¤¸™¥¸¸¨¸ í¸½÷¸¸ í¾ ¢ˆÅ ¢ˆÅ¬¸ú ‚¸¦¬÷¸
ˆÅú ¨¸í›¸ £¸¢©¸ ¨¸¬¸»¥¸ú ¡¸¸½Š¡¸ ›¸íú¿ í¸½ ¬¸ˆÅ÷¸ú í¾ ÷¸¸½ ‚¸¦¬÷¸¡¸¸Ê ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅú ]¸¸÷¸ú
í¾— ¢ˆÅ¬¸ú ‚¸¦¬÷¸ ˆÅú š¸¸£µ¸ú¡¸÷¸¸ ‚¸¾£ „œ¸¡¸¸½¢Š¸÷¸¸ ‚¸¦¬÷¸ ׸£¸ ž¸¢¨¸«¡¸ ˆÅú ¢›¸¨¸¥¸
¢£¡¸¸¡¸÷¸ú ›¸ˆÅ™ú œÏ¨¸¸í ˆ½Å ¢¥¸‡ ¢ˆÅ¬¸ú ‚¸¦¬÷¸ ˆÅú ¨¸í›¸ £¸¢©¸ ˆÅú ÷¸º¥¸›¸¸ ׸£¸ Ÿ¸¸œ¸ú
]¸¸÷¸ú í¾, ]¸¸½ ‚¸¦¬÷¸ ׸£¸ „÷œ¸››¸ í¸½›¸½ ˆÅú „ŸŸ¸ú™ í¾— ¡¸¢™ ƒ¬¸ ÷¸£í ˆÅú ‚¸¦¬÷¸ ˆÅ¸½
‚›¸]¸ÄˆÅ íº‚¸ Ÿ¸¸›¸¸ ]¸¸÷¸¸ í¾, ÷¸¸½ Ÿ¸¸›¡¸÷¸¸ œÏ¸œ÷¸ í¸½›¸½ ¨¸¸¥¸ú í¸¢›¸ ‚¸¾£ „¬¸ £¸¢©¸ ¬¸½ Ÿ¸¸œ¸ú
]¸¸÷¸ú í¾ ¢]¸¬¸ˆ½Å ׸£¸ ‚¸¦¬÷¸ ˆÅú ¨¸í›¸ £¸¢©¸ ‚¸¦¬÷¸ ˆÅú ¨¸¬¸»¥¸ú ¡¸¸½Š¡¸ £¸¢©¸ ¬¸½ ‚¢š¸ˆÅ
í¸½ ]¸¸÷¸ú í¾— í¸¥¸¸Â¢ˆÅ, ¤¸ÿˆÅ ˆ½Å œÏ¤¸¿š¸›¸ ˆÅú £¸¡¸ Ÿ¸Ê, ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸½ ž¸¸¾¢÷¸ˆÅ
í¸¢›¸ ˆÅ¸ ˆÅ¸½ƒÄ ¬¸¿ˆ½Å÷¸ ›¸íú¿ í¾, ¢]¸¬¸ œ¸£ ¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ 28 - ``‚¸¦¬÷¸ ˆÅ¸ ‚›¸]¸ÄˆÅ í¸½›¸¸''
¥¸¸Š¸» í¸½÷¸¸ í¾—
13. œÏ¸¨¸š¸¸›¸, ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸‡¿ ‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ‚¸¦¬÷¸¡¸¸¿ (¥¸½‰¸¸ Ÿ¸¸›¸ˆÅ - 29)
œÏ¤¸¿š¸›¸ ˆ½Å Ÿ¸÷¸¸›¸º¬¸¸£ ‚›¸º¬¸»\¸ú 12 Ÿ¸Ê ¬¸¿™¢ž¸Ä÷¸ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸‚¸Ê ˆ½Å ¢¥¸‡ ` 0.18
ˆÅ£¸½”õ ˆÅ¸ ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
14. ‚›¡¸ ‚¸¦¬÷¸¡¸¸Ê ¨¸ ‚›¡¸ ™½¡¸÷¸¸‚¸Ê ˆ½Å ‚›÷¸Š¸Ä÷¸ œ¸º£¸›¸ú œÏ¢¨¸¦«’¡¸¸Ê, ›¸¸Ÿ¸Ÿ¸¸°¸ ‰¸¸÷¸¸Ê,
”úƒÄ‡‡ûÅ, ¬¸£ˆÅ¸£ú ‰¸¸÷¸¸ ™½¡¸/ œÏ¸¦œ÷¸¡¸¸Â, ‚›¡¸ ¤¸ÿˆÅ¸Ê / ¬¸¿¬˜¸¸‚¸Ê ˆ½Å œ¸¸¬¸ ¬¸¿¨¡¸¨¸í¸£¸Ê,
‚¿÷¸£©¸¸‰¸¸ ¬¸¿¨¡¸¨¸í¸£¸Ê ˆ½Å ¬¸Ÿ¸¸¡¸¸½]¸›¸/¬¸Ÿ¸¸š¸¸›¸/¬¸Ÿ¸¸œ¸›¸ ˆÅ¸ ˆÅ¸¡¸Ä œÏŠ¸¢÷¸ œ¸£ í¾— ƒ¬¸ˆ½Å
‚¢÷¸¢£Æ÷¸ ‚›¡¸ ‚¸¦¬÷¸¡¸¸Ê/™½¡¸÷¸¸‚¸Ê, ¬¸Ÿ¸¸©¸¸½š¸›¸ ‰¸¸÷¸¸Ê ‚¸¾£ ˆºÅŽ ]¸Ÿ¸¸ ‰¸¸÷¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸
Ÿ¸Ê ¬¸¸Ÿ¸¸›¡¸ ‰¸¸÷¸¸ ¤¸íú ‚¸¾£ ‚›¸º«¸¿Š¸ú Ÿ¸Ê ©¸½«¸ ˆ½Å ¤¸ú\¸ ¬¸Ÿ¸¸š¸¸›¸ ‚¸¾£ ‚\¸¥¸ ‚¸¦¬÷¸¡¸¸Ê
œ¸£ œÏž¸¸£ ÷¸˜¸¸ ‚\¸¥¸ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ‚¿÷¸£©¸¸‰¸¸ ‚¿÷¸£µ¸ ˆÅ¸ ˆÅ¸¡¸Ä ‚¤¸ ž¸ú œÏŠ¸¢÷¸ œ¸£
í¾— £¸]¸¬¨¸ œ¸£ ƒ›¸ˆ½Å œÏž¸¸¨¸ ˆ½Å ¬¸¸˜¸ íú ƒ›¸ˆ½Å œ¸¢£µ¸¸Ÿ¸ú œÏž¸¸¨¸ ˆÅ¸ œ¸÷¸¸ ¥¸Š¸¸¡¸¸ ›¸íú¿ ]¸¸
¬¸ˆÅ÷¸¸. œÏ¤¸¿š¸›¸ ˆ½Å ‚¢ž¸Ÿ¸÷¸ Ÿ¸Ê ƒ›¸ˆÅ¸ £¸]¸¬¨¸ œ¸£ œ¸¢£µ¸¸Ÿ¸ú œÏž¸¸¨¸ Ÿ¸¸Ÿ¸»¥¸ú í¾—
15. †µ¸¸Ê ‚¸¾£ ‚¢ŠÏŸ¸¸Ê Ÿ¸Ê š¸¸½‰¸¸š¸”õú ˆ½Å Ÿ¸¸Ÿ¸¥¸¸Ê í½÷¸º œÏ¸¨¸š¸¸›¸
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£, ¤¸ÿˆÅ¸Ê ˆÅ¸½ ]¸¸¥¸¬¸¸]¸ú ˆÅú œ¸í\¸¸›¸
ˆ½Å ¢™›¸¸¿ˆÅ ¬¸½ ‚¸£¿ž¸ ˆÅ£ˆ½Å 4 ¢÷¸Ÿ¸¸¢í¡¸¸Ê Ÿ¸Ê ]¸¸¥¸¬¸¸]¸ú ˆ½Å Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å œÏ¢÷¸ œÏ¸¨¸š¸¸›¸
ˆÅ¸ œ¸¢£©¸¸½š¸›¸ ˆÅ£›¸½ ˆÅú ‚›¸ºŸ¸¢÷¸ í¾ ‚¸¾£ ]¸í¸¿ œÏ¸¨¸š¸¸›¸ ™¸½ ‚¥¸Š¸-‚¥¸Š¸ ¢¨¸î¸ú¡¸
¨¸«¸¸½ô Ÿ¸Ê ¢ˆÅ‡ Š¸‡ í¸Ê ¨¸í¸¿ œÏ¸¨¸š¸¸›¸ ›¸ ˆÅú Š¸ƒÄ £¸¢©¸ ¬¸¿¤¸¿¢š¸÷¸ ¨¸«¸Ä ˆÅú ¬¸Ÿ¸¸¦œ÷¸ œ¸£
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™›¸¸¿ˆÅ 18.04.2016 ˆ½Å œ¸¢£œ¸°¸ ÇÅ. ”ú¤¸ú‚¸£.ÇÅ.¤¸úœ¸ú.
¤¸ú¬¸ú.92/21.04.048/2015-16 ׸£¸ £¸]¸¬¨¸ ‚¸£¢®¸÷¸ú ˆÅ¸½ œÏž¸¸¢£÷¸ ˆÅú ]¸¸›¸ú í¾—
11. Accounting Standard 26—Accounting for Intangible Assets.
Computer Software – other than internally generated:
Useful life - 3 years.
Amortization Rate - 33.33 %
Amortization Method - Straight line at cost
(` In Crore)
Particulars 31.03.2021 31.03.2020
Software at the beginning of the year 24.01 42.21
Software acquired during the year 31.25 13.61
Amortization during the year 22.02 31.81
Net carrying amount at the end of the
33.24 24.01
year
12. Impairment of Assets (AS-28):
Assets are reviewed for impairment at the end of the year
whenever events or changes in circumstances warrant that
the carrying amount of an asset may not be recoverable.
Recoverability of an asset to be held and used is measured by
a comparison for the carrying amount of an asset to future net
discounted cash flows expected to be generated by the asset.
If such an asset is considered to be impaired, the impairment
to be recognized and is measured by the amount by which the
carrying amount of the asset exceeds the recoverable amount of
the asset. However, in the opinion of the Bank’s Management,
there is no indication of material impairment to the assets during
the year to which Accounting Standard 28 - “Impairment of
Assets” applies.
13. Provisions, Contingent Liabilities & Contingent Assets (AS-29):
A provision of ` 0.18 Crores has been made against contingent
liabilities referred to in Schedule 12.
14. Work is in progress for adjustment / reconciliation/elimination
of inter-branch transactions, transactions with other banks/
institutions, Government account payable/Receivables, DEAF,
nominal accounts and old entries under other assets and
liabilities. The effect of these including the consequential impact
thereof on the revenue is not ascertainable. In the opinion of
the management consequential impact thereof on revenue is not
material.
15. Provision for fraud cases in loans and advances:
In terms of RBI guidelines, the banks are permitted to amortize
the provision towards fraud cases in four quarters beginning
from the date of detection of fraud and where the provision is
made in two different financial years, the unprovided amount
has to be charged to Revenue Reserve vide RBI circular DBR.
No. BP.BC.92/21.04.048/2015-16 dated 18.04.2016 as on the
relevant year end. The details of provisions for frauds made by
bank are as under:

(` ˆÅ£¸½”õ Ÿ¸Ê) (` in crores)

31.03.2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ 31.03.2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ 31.03.2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ 31.03.2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ 31.03.2021 ˆÅ¸½ 31.03.2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä
¨¸«¸Ä ÷¸ˆÅ (Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅú ¬¸¿‰¡¸¸) ¢÷¸Ÿ¸¸íú ˆ½Å ™¸¾£¸›¸ (Ÿ¸¸Ÿ¸¥¸¸Ê ¨¸«¸Ä ÷¸ˆÅ (£¸¢©¸) ¢÷¸Ÿ¸¸íú ˆ½Å ™¸¾£¸›¸ (£¸¢©¸) ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ™¸¾£¸›¸ ˆÅ¸½ £¸]¸¬¨¸ ‚¸£¢®¸÷¸ú ˆÅ¸½ ›¸¸Ÿ¸½
Up to the year ended ˆÅú ¬¸¿‰¡¸¸) Up to the year ended During the quarter ¢ˆÅ‡ Š¸‡ œÏ¸¨¸š¸¸›¸ ˆÅú œ¸¢£©¸¸½¢š¸÷¸ œÏ¸¨¸š¸¸›¸ ˆÅú Ÿ¸¸°¸¸
31.03.2021 During the quarter 31.03.2021 ending 31.03.2021 Ÿ¸¸°¸¸ (£¸¢©¸) (£¸¢©¸)
(No. of Cases) ended 31.03.2021 (Amount) of fraud (Amount) of fraud Quantum of Quantum of amortised
(No. of Cases) provision held as provision debited to
on 31.03.2021 “Revenue Reserves”
(Amount) as at the year ended
31.03.2021
(Amount)
804 20 2321.91 335.93 2321.91 –

16. The outbreak of COVID-19 pandemic continues to spread across

16. COVID-19 Ÿ¸í¸Ÿ¸¸£ú ˆÅ¸ œÏˆÅ¸½œ¸ ™º¢›¸¡¸¸ ž¸£ Ÿ¸Ê û¾Å¥¸ £í¸ í¾ ‚¸¾£ ƒ¬¸ˆ½Å the globe and India resulting in significant volatility in the global
œ¸¢£µ¸¸Ÿ¸¬¨¸³Åœ¸ ¨¸¾¢æ¸ˆÅ ‚¸¾£ ž¸¸£÷¸ú¡¸ ‚˜¸Ä¨¡¸¨¸¬˜¸¸ Ÿ¸Ê „¥¥¸½‰¸›¸ú¡¸ ‚¦¬˜¸£÷¸¸ í¾— and Indian economy. The extent to which the COVID-19 pandemic
ˆÅ¸½¢¨¸”-19 Ÿ¸í¸Ÿ¸¸£ú ¤¸ÿˆÅ ˆ½Å œ¸¢£µ¸¸Ÿ¸ ˆÅ¸½ ¢ˆÅ¬¸ í™ ÷¸ˆÅ œÏž¸¸¢¨¸÷¸ ˆÅ£½Š¸ú, ¡¸í ž¸¢¨¸«¡¸ will impact the Bank's result will depend on future development

197

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17. 7 ‚œÏ¾¥¸, 2021 ˆ½Å ‚¸£¤¸ú‚¸ƒÄ ˆ½Å œ¸¢£œ¸°¸ Ÿ¸Ê ¢™‡ Š¸‡ ¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£, ¤¸ÿˆÅ ˆÅ¸½
¬¸ž¸ú „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ˆÅ¸½ '¤¡¸¸]¸ œ¸£ ¤¡¸¸]¸' ˆÅ¸½ ¨¸¸œ¸¬¸ ˆÅ£›¸½ / ¬¸Ÿ¸¸¡¸¸½¢]¸÷¸ ˆÅ£›¸½ ˆÅú
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™¸¾£¸›¸ ˆÅ¸¡¸Ä©¸ú¥¸ œ¸»¿]¸ú ˆÅú ¬¸º¢¨¸š¸¸‚¸Ê ˆÅ¸ ¥¸¸ž¸ „“¸¡¸¸, ƒ¬¸ ÷¸˜¡¸ œ¸£ š¡¸¸›¸ ¢™¡¸½ ¢¤¸›¸¸
ˆÅú ‚¢š¸¬˜¸Š¸›¸ ‚¨¸¢š¸ ˆÅ¸ œ¸»£ú ÷¸£í ¡¸¸ ‚¸¿¢©¸ˆÅ ³Åœ¸ ¬¸½ ¥¸¸ž¸ „“¸¡¸¸ Š¸¡¸¸ ¡¸¸ „“¸¡¸¸
íú¿ ›¸íú¿ Š¸¡¸¸ í¸½— ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ˆÅú ‚¢š¸¬¸»\¸›¸¸ ˆ½Å ‚›¸º¬¸¸£, ž¸¸£÷¸ú¡¸ ¤¸ÿˆÅ ¬¸¿‹¸
(‚¸ƒÄ¤¸ú‡) ׸£¸ '¤¡¸¸]¸ œ¸£ ¤¡¸¸]¸' ˆÅú Š¸µ¸›¸¸ ˆÅú œ¸Ö¢÷¸ ˆÅ¸½ œ¸¢£\¸¸¢¥¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸
í¾—¤¸ÿˆÅ ƒ¬¸ œ¸Ö¢÷¸ ˆÅ¸½ „œ¸¡¸ºÆ÷¸ ³Åœ¸ ¬¸½ ¥¸¸Š¸» ˆÅ£›¸½ ˆÅú œÏ¢ÇÅ¡¸¸ Ÿ¸Ê í¾—31 Ÿ¸¸\¸Ä, 2021
÷¸ˆÅ ¤¡¸¸]¸ £¸í÷¸ ˆ½Å œÏ¢÷¸ ™½¡¸÷¸¸ ˆÅ¸ ‚›¸ºŸ¸¸›¸ ¥¸Š¸¸÷¸½ íº‡, ¤¡¸¸]¸ ‚¸¡¸ ¬¸½ ƒ¬¸½ ˆÅŸ¸
ˆÅ£ˆ½Å ‚¸¾£ ‚›¡¸ ™½¡¸÷¸¸‚¸Ê ˆÅ¸½ ]¸Ÿ¸¸ ˆÅ£÷¸½ íº‡ ¨¡¸¢Æ÷¸Š¸÷¸ „š¸¸£ˆÅ÷¸¸Ä ‰¸¸÷¸¸Ê ˆ½Å ¢¥¸‡
ƒ¬¸ˆ½Å ¥¸¿¢¤¸÷¸ ¢£û¿Å” / ¬¸Ÿ¸¸¡¸¸½]¸›¸ í½÷¸º ¤¸ÿˆÅ ›¸½ ` 65.00 ˆÅ¸ ÷¸™˜¸Ä œÏ¸¨¸š¸¸›¸ ¢ˆÅ¡¸¸ í¾—
18. 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¤¸ÿˆÅ ˆ½Å œ¸¸¬¸ ˆÅ¸½¢¨¸” -19 ¬¸¿¤¸¦›š¸÷¸ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ` 753.
49 ˆÅ£¸½”õ ˆÅú £¸¢©¸ í¾ (31.03.2020 ˆÅ¸½ ` 75 ˆÅ£¸½”õ)—
19. ‰¸¸÷¸¸Ê œ¸£ ‚›¡¸ Ÿ¸í÷¨¸œ¸»µ¸Ä ¢’œœ¸¢µ¸¡¸¸Â
¤¸ÿˆÅ ˆ½Å ‡ˆÅ¥¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ‡ ‚›¸º¬¸¸£ ‰¸¸÷¸¸Ê œ¸£ ¢’œœ¸¢µ¸¡¸¸Â
¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê œ¸£ ž¸ú ¥¸¸Š¸» íÿ—
20. ]¸í¸¿ ˆÅíú¿ ‚¸¨¸©¡¸ˆÅ íº‚¸, Š¸÷¸ ¨¸«¸Ä ˆ½Å ‚¸¿ˆÅ”õ¸Ê ˆÅ¸½ œ¸º›¸À¬¸Ÿ¸»í¤¸Ö/ œ¸º›¸À¨¸Š¸úĈ¼Å÷¸
¢ˆÅ¡¸¸ Š¸¡¸¸ í¾ ÷¸¸¢ˆÅ „›íÊ \¸¸¥¸» ¨¸«¸Ä ˆ½Å ‚¸¿ˆÅ”õ¸Ê ¬¸½ ÷¸º¥¸›¸¡¸¸½Š¡¸ ¤¸›¸¸¡¸¸ ]¸¸ ¬¸ˆ½Å—
198
Annual Report 2020-21
which are highly uncertain including among other things any
new information concerning the severity of the new strains of the
COVID-19 pandemic and action to contain its spread or mitigate
impact including further stimulus and regulatory packages, if any.
While there has been an improvement in the economic activity
since the easing of the lockdown measures, the slowdown may
lead to a rise in the number of customer defaults and resultant
increase in the provisions there against.
17. In accordance with the instructions in RBI circular dated April 7,
2021 the Bank is required to refund / adjust ‘interest on interest’
to all the borrowers including those who had availed of working
capital facilities during the moratorium period, irrespective of
whether moratorium had been fully or partially availed, or not
availed. As required by the RBI notification, the methodology for
calculation of such ‘interest on interest’ has been circulated by
the Indian Banks’ Association (IBA). The bank is in the process
of suitably implementing this methodology. As on March 31,
2021, the Bank has made an adhoc provision of ` 65.00 Crores,
estimating the liability towards interest relief, by reducing the
same from interest income and crediting to Other Liabilities,
pending refund / adjustment of the same to the individual
Borrower accounts.
18. As on March 31, 2021, the Bank holds an amount of ` 753.49 Cr
as COVID 19 related provisions (` 75 Cr as at 31-03-2020).
19. Other significant Notes on Accounts.
The “Notes on Accounts” as set out in the standalone financial
statements of the bank are also applicable to Consolidated
Financial Statement.
20. Previous year’s figures have been regrouped / reclassified
wherever considered necessary to make them comparable with
current year’s figures.
Jeeef<e&keÀ efjHeesì& 2020-21

31 cee®e& 2021 keÀes meceehle Je<e& kesÀ efueS mecesefkeÀle vekeÀoer he´Jeen keÀe efJeJejCe
Statement of Consolidated Cash Flow for the Year Ended 31st March 2021
(` í]¸¸£ Ÿ¸½¿) (` in lakhs)
31.03.2021 keÀes meceehle Je<e& 31.03.2020 keÀes meceehle Je<e&
efJeJejCe Particulars Year Ended 31.03.2021 Year Ended 31.03.2020
keÀ. heefj®eeueve ieefleefJeefOe³eeW mes vekeÀoer he´Jeen:
A. Cash Flow From Operating Activities:
Dee³e Income
Je<e& kesÀ oewjeve Deefie´ce, efveJesMe Fl³eeefo mes he´ehle y³eepe
Interest received during the year from advances, Investments etc. 118,68,63 114,95,53
Dee³e keÀe efnmmee/men³eesieer mebmLee ceW neefve
Share of earnings/ loss in Associates ,20,06 9,52
Dev³e Dee³e Other Income 26,26,53 145,15,22 16,50,23 131,55,28
IeìeSb:J³e³e Je he´eJeOeeve Less: Expenditure & Provisions
Je<e& kesÀ oewjeve pecee Je GOeejer hej Yegieleeve efkeÀ³ee y³eepe
Interest Paid during the year on Deposits and Borrowings 69,70,18 72,15,73
heefj®eeueve J³e³e Operating Expenses 35,65,91 30,81,96
he´eJeOeeve SJeb DeekeÀeqmcekeÀleeSb Provisions & Contingencies 34,07,66 139,43,75 24,58,75 127,56,44
J³e³e kesÀ …hej Dee³e DeefOekeÀ nesves kesÀ keÀejCe vekeÀoer ceW efveJeue Je=ef×
Net Increase in Cash due to Increase of Income over Expenses 5,71,47 3,98,84
peesæ[W : iewj vekeÀoer ceoW SJeb Deueie efJe®eeefjle ceoW
Add : Non Cash Items & Items Considered Separately
he´eJeOeeve SJeb DeekeÀeqmcekeÀleeSb Provisions & Contingencies 34,07,66 24,58,75
De®eue mebheefÊe³eeW nsleg cetu³eÝeme Depreciation on Fixed Assets 1,88,11 2,10,95
De®eue mebheefÊe kesÀ efJe¬eÀ³e hej ueeYe/neefve Profit/Loss on sale of Fixed Assets -,,45 -,4,81
Dee³e keÀe efnmmee / men³eesieer mebmLee ceW neefve Share of Earnings/Loss in associates -,20,06 -,9,52
yeeb[, heermeerheerSme Je DeeF&heer[erDeeF& hej y³eepe Interest on Bonds, PCPS and IPDI 2,89,00 38,64,26 2,64,27 29,19,64
44,35,73 33,18,48
IeìeSb: he´oÊe he´l³e#e keÀj (efveJeue) Less: Direct Taxes Paid (Net) 1,84,24 ,,18
heefj®eeueve mes Dee|pele vekeÀo ueeYe (I)
Cash Profit Generated From Operations 42,51,50 33,18,30
heefj®eeueveiele os³eleeDeeW keÀer Je=ef×/(keÀceer) :
Increase / (Decrease) of Operating Liabilities:
peceejeefMe³eeb Deposits 239,39,28 94,13,79
yeeb[ GOeeefj³eeW kesÀ DeueeJee Dev³e GOeeefj³eeb
Borrowings other than Bond Borrowings ,63,02 -64,79,14
Dev³e os³eleeSb Je he´eJeOeeve Other Liabilities & Provision -6,66,19 -24,11,43
heefj®eeueveiele os³eleeDeeW ceW kegÀue Je=ef×
Total of Increase of Operating Liabilities 233,36,11 5,23,22
IeìeSb:heefj®eeueve Deeeqmle³eeW keÀer Je=ef×/(keÀceer)
Less: Increase / (Decrease) of Operating Assets
efveJesMe Investments 103,90,85 -19,46,68
Deefie´ce Advances 155,33,52 42,05,44
Dev³e Deeeqmle³eeb Other Assets -7,83,59 8,89,40
kegÀue heefj®eeueve Deeeqmle³eeW keÀer kegÀue Je=ef×
Total of Increase of Operating Assets 251,40,77 31,48,15
heefj®eeueveiele Deeeqmle³eeW hej heefj®eeueveiele os³eleeDeeW ceW efveJeue Je=ef× (II)
Net Increase Of Operating Liabilities Over Operating Assets -18,04,67 -26,24,93
heefj®eeueve ieefleefJeefOe³eeW mes vekeÀoer he´Jeen (keÀ (A) = I+II)
Cash Flow From Operating Activities 24,46,83 6,93,36
‰¸ efveJesMe ieefleefJeefOe³eeW mes vekeÀoer he´Jeen
B. Cash Flow From Investing Activities
De®eue mebheefÊe³eeW keÀe efJe¬eÀ³e Sale of Fixed Assets 3,66 14,34
De®eue mebheefÊe³eeW keÀe ¬eÀ³e Purchase of Fixed Assets -1,92,48 -1,23,58
Dee³e keÀe efnmmee/men³eesieer mebmLee ceW neefve 20,06 9,52
Share of Earnings/Loss in associates
efveJesMe ieefleefJeefOe³eeW mes efveJeue vekeÀoer he´Jeen (Ke)
-1,68,77 -,99,73
Net Cash Flow From Investing Activities (B)

199
 Annual Report 2020-21

(` í]¸¸£ Ÿ¸½¿) (` in lakhs)

31.03.2021 keÀes meceehle Je<e& 31.03.2020 keÀes meceehle Je<e&
efJeJejCe Particulars Year Ended 31.03.2021 Year Ended 31.03.2020
ie efJeÊehees<eCe ieefleefJeefOe³eeW mes vekeÀoer he´Jeen
C. Cash Flow From Financing Activities:
i) yeeb[eW keÀes peejer /(cees®eve) keÀjvee Issue/ (Redemption) of Bonds 5,05,70 –
ii) F&eqkeÌJeìer SJeb heerSvemeerheerSme hej ueeYeebMe Dividend on Equity & PNCPS – –
iii) ueeYeebMe efJelejCe keÀj Dividend Distribution Tax – –
iv) yeeb[, heermeerheerSme Je DeeF&heer[erDeeF& hej y³eepe -2,89,00 -2,64,27
Interest on Bonds, PCPS and IPDI
v) F&eqkeÌJeìer Mes³ejeW keÀes peejer keÀjvee/(Mes³ej DeeJesove jeefMe) 9,62,70
Issue of Equity Shares /(Share Apllication Money)
efJeÊehees<eCe ieefleefJeefOe³eeW mes vekeÀoer he´Jeen (ie) 2,16,70 6,98,43
Cash Flow From Financing Activities (C)

Je<e& kesÀ oewjeve kegÀue vekeÀoer he´Jeen (keÀ+Ke+ie) 24,94,76 12,92,07

Total Cash Flow During The Year (A+B+C)
Note : peneb DeeJeM³ekeÀ ngDee efHeíues Je<e& kesÀ DeebkeÀæ[eW keÀes Hegveme&cetefnle Deewj Hegve:Jeieeake=Àle efkeÀ³ee ie³ee nw~ Previous year figures have been regrouped and reclassified whenever necessary.

(` npeej ceW) (` in Thousand)

31.03.2021 keÀes meceehle Je<e& 31.03.2020 keÀes meceehle Je<e&

y³eesjs Particulars Year Ended 31-03-2021 Year Ended 31-03-2020

Üeje He´efleefveefOelJe- Represented By-

Je<e& kesÀ DeejbYe ceW vekeÀoer Je vekeÀoer kesÀ mecelegu³e
Cash and Cash equivalents at the beginning of the year
Yeejleer³e efj]peJe& yeQkeÀ kesÀ Heeme vekeÀoer Je DeefOeMes<e
Cash & Balance with RBI 103,53,69 79,19,99
yeQkeÀeW kesÀ Heeme Mes<e, ceebie Je DeuHe veesefìme Hej He´eH³e Oeve
Balances with Banks & Money at Call & Short notice 93,33 12,34,97
104,47,02 91,54,96
Je<e& kesÀ Deble ceW vekeÀoer Je vekeÀoer kesÀ mecelegu³e
Cash and Cash equivalents at the end of the year
Yeejleer³e efj]peJe& yeQkeÀ kesÀ Heeme vekeÀoer Je DeefOeMes<e
Cash & Balances with RBI 128,82,48 103,53,69
yeQkeÀeW kesÀ Heeme Mes<e, ceebie Je DeuHe veesefìme Hej He´eH³e Oeve
Balance with banks & money at call & Short notice 59,30 ,93,33
129,41,78 104,47,02
Je<e& kesÀ oewjeve kegÀue vekeÀoer He´Jeen Total Cash Flow During The Year 24,94,76 12,92,07

megveerue Oetle œ¸ú. ‚¸£. ‰¸’¸¨¸ˆÅ£

¬¸í¸¡¸ˆÅ Ÿ¸í¸œÏ¤¸¿š¸ˆÅ, ¢¨¸. œÏ. ¨¸ ¥¸½‰¸¸ cenehe´yebOekeÀ, efJe. he´. Je uesKee Deewj cegefJeDe
SUNIL DHOOT P. R. KHATAVKAR
Asst. Gen. Manager, Fm & A GENERAL MANAGER, FM&A & CFO
S. yeer. efJepe³ekegÀceej nscevle ìcìe S. Sme. jepeerJe
ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ ˆÅ¸¡¸Äœ¸¸¥¸ˆÅ ¢›¸™½©¸ˆÅ œÏ¤¸¿š¸ ¢›¸™½©¸ˆÅ ‡¨¸¿ ¬¸úƒÄ‚¸½
A. B. VIJAYAKUMAR HEMANT TAMTA A. S. RAJEEV
EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR MANAGING DIRECTOR & CEO

nceejer meceefoveebefkeÀle mebueive efjheesì& kesÀ Devegmeej As per our report of even date attached.

ke=Àles cewmeme& kesÀ. ieesheeue jeJe Sb[ kebÀheveer ke=Àles cewmeme& yeeìueeryeesF& Sb[ hegjesefnle ke=Àles cewmeme& DeyeCee& Sb[ DevebLeve ke=Àles cewmeme& jes[er [yeerj Sb[ kebÀHeveer
‡ûÅ‚¸£‡›¸: 000956‡¬¸ SHeÀDeejSve: 101048 [yu³et SHeÀDeejSve: 000003‡¬¸ SHeÀDeejSve: 108846”¤¥¡¸»
¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ meveoer uesKeekeÀej meveoer uesKeekeÀej meveoer uesKeekeÀej
for M/s. K Gopal Rao & Co for M/s. Batliboi & Purohit for M/s. Abarna & Ananthan for M/s. Rodi Dabir & Co.
FRN: 000956S FRN: 101048W FRN: 000003S FRN:108846W
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants

¬¸ú‡ Ÿ¸ú£¸ Š¸¸½œ¸¸¥¸›¸ ¬¸ú‡ £Ÿ¸›¸ í¿Š¸½ˆÅ£ ¬¸ú‡ (ªúŸ¸÷¸ú) ¥¸¢¥¸÷¸¸ £¸Ÿ¸½©¨¸£›¸ ¬¸ú‡ ‚¸©¸ú«¸ ¤¸¸”Š¸½
ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£
¬¸™¬¡¸÷¸¸ ÇÅ.: 029471 ¬¸™¬¡¸÷¸¸ ÇÅ.: 030615 ¬¸™¬¡¸÷¸¸ ÇÅ.: 207867 ¬¸™¬¡¸÷¸¸ ÇÅ.: 121073
CA B Meera Gopalan CA Raman Hangekar CA (Mrs) Lalitha Rameswaran CA Aashish Badge
Partner Partner Partner Partner
Membership No: 029471 Membership No: 030615 Membership No: 207867 Membership No: 121073
mLeeve : HegCes Place : Pune
efoveebkeÀ : 29 DeHe´wue, 2021 Date : 29th April, 2021

200
Jeeef<e&keÀ efjHeesì& 2020-21
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í¸½÷¸¸ í¾ ‚¸¾£
Š¸. ›¸ˆÅ™ú œÏ¨¸¸í ¢¨¸¨¸£µ¸ 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ „¢\¸÷¸ ‚¸¾£
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‚¢ž¸Ÿ¸÷¸ ˆÅ¸ ‚¸š¸¸£
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201
INDEPENDENT AUDITOR’S REPORT
M/s. K. Gopal Rao & Co. M/s. Batliboi & Purohit
Chartered Accountants, 204, National Insurance Building,
21, Moosa Street, T Nagar, 2nd Floor, D. N. Road,
Chennai- 600 017. Fort, Mumbai - 400 001.
M/s. Abarna & Ananthan M/s. Rodi Dabir & Co.
521, 3rd Main 6th Block, Chartered Accountants,
2nd Phase BSK 3rd Stage, 282, Kapish House, Mata Mandir Road,
Bengaluru - 560 085. Khare Town, Dharampeth,
Nagpur - 440010.
To,
President of India and Members of “BANK OF MAHARASHTRA”
Report on Audit of the Consolidated Financial Statements
Opinion
1. We have audited the accompanying Consolidated Financial
Statements of Bank of Maharashtra (the "Bank") which comprise
the Consolidated Balance Sheet as at March 31, 2021, the
Consolidated Profit and Loss Account and the Consolidated
Cash Flow Statement for the year then ended, and Notes to
the Consolidated Financial Statements including Significant
Accounting Policies and other explanatory information, in which
following are incorporated –
a. Audited Standalone Financial Statements of the Bank;
b. Audited Financial Statements of one Subsidiary,
c. Unaudited financial statements / financial information of 1
Regional Rural Bank (Associate),
The Bank together with its Subsidiary are referred to as the
“Group”.
2. In our opinion and to the best of our information and according
to the explanations given to us, the aforesaid Consolidated
Financial Statements give the information required by the Banking
Regulation Act, 1949 ("the Act"), the requirements of the Reserve
Bank of India, in the manner so required for bank and give true
and fair view in conformity with accounting principles generally
accepted in India including accounting standards issued by The
Institute of Chartered Accountants of India (ICAI) and give,
a. in case of Balance Sheet, read with the notes thereon gives
true and fair view of the state of affairs of the Bank as at
March 31, 2021;
b. the Profit and Loss Account, read with the notes thereon
shows a true balance of profit for the year ended March 31,
2021 and
c. the Cash Flow Statement gives a true and fair view of the
cash flows for the year ended March 31st, 2021.
Basis for Opinion
3. We conducted our audit in accordance with the Standards on Auditing
(SAs) issued by ICAI. Our responsibilities under those Standards
are further described in the Auditors’ Responsibilities for the Audit of
the Consolidated Financial Statements section of our report. We are
independent of the Group, its associate in accordance with the code
of ethics issued by the ICAI together with ethical requirements that
are relevant to our audit of the Consolidated Financial Statements
under the Provisions of the Act, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the code
of ethics. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion on the
Consolidated Financial Statements.
Emphasis of Matter
4. We draw attention to Note no. 16 in Schedule 18 of the
Consolidated Financial Statements which explains extent to
 Annual Report 2020-21

¬¸¿\¸¸¥¸›¸ ˆÅ¸½ œÏž¸¸¢¨¸÷¸ ˆÅ£½Š¸ú ‚¸¾£ ¢¨¸î¸ú¡¸ œ¸¢£µ¸¸Ÿ¸ ž¸¢¨¸«¡¸ ˆ½Å ¢¨¸ˆÅ¸¬¸ œ¸£ ¢›¸ž¸Ä£ íÿ, which COVID-19 pandemic will impact the Bank's operations and
financial results are dependent on future developments, which
]¸¸½ ¢ˆÅ ‚÷¡¸¢š¸ˆÅ ‚¢›¸¢ä¸÷¸ íÿ— ¤¸ÿˆÅ ¥¸Š¸¸÷¸¸£ ‚¸¢˜¸ÄˆÅ ¦¬˜¸¢÷¸¡¸¸Ê ˆÅú ¢›¸Š¸£¸›¸ú ˆÅ£ £í¸
are highly uncertain. The Bank is continuously monitoring the
í¾ ‚¸¾£ ¤¸ÿˆÅ ˆ½Å œ¸¢£\¸¸¥¸›¸ ‚¸¾£ ¢¨¸î¸ú¡¸ œ¸¢£µ¸¸Ÿ¸¸Ê œ¸£ ˆÅ¸½ƒÄ œÏž¸¸¨¸ ‚¢›¸¢ä¸÷¸ í¾— economic conditions and any impact on the Bank's Operations
ƒ¬¸ Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ퟸ¸£ú £¸¡¸ Ÿ¸Ê ¬¸¿©¸¸½š¸›¸ ›¸íú¿ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— and financial results is uncertain.
Our Opinion is not modified in respect of this matter.
œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½
Key Audit Matters
5. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ¨¸½ Ÿ¸¸Ÿ¸¥¸½ íÿ ]¸¸½ ퟸ¸£½ œ¸½©¸½¨¸£ ¢›¸µ¸Ä¡¸ Ÿ¸Ê \¸¸¥¸» ‚¨¸¢š¸ ˆ½Å
¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸Ê ¬¸¤¸¬¸½ Ÿ¸í÷¨¸œ¸»µ¸Ä í¸½÷¸½ íÿ— ƒ›¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ 5. Key audit matters are those matters that, in our professional
¬¸Ÿ¸ŠÏ ³Åœ¸ ¬¸½ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ¬¸¿™ž¸Ä Ÿ¸Ê ‚¸¾£ „¬¸ judgment, were of most significance in our audit of the Financial
Statements of the current period. These matters were addressed
œ¸£ ퟸ¸£ú £¸¡¸ ¤¸›¸¸›¸½ Ÿ¸Ê ¬¸¿¤¸¸½¢š¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ˜¸¸ ‚¸¾£ ퟸ ƒ›¸ Ÿ¸¸Ÿ¸¥¸¸Ê œ¸£ ‚¥¸Š¸ £¸¡¸ in the context of our audit of the Consolidated Financial
œÏ™¸›¸ ›¸íú¿ ˆÅ£÷¸½ íÿ— Statements as a whole, and in forming our opinion thereon, and
we do not provide a separate opinion on these matters.
ퟸ›¸½ ‚œ¸›¸ú ¢£œ¸¸½’Ä Ÿ¸Ê ¬¸ŸœÏ½«¸µ¸ í½÷¸º ¤¸ÿˆÅ ˆ½Å Ÿ¸º‰¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å ³Åœ¸ Ÿ¸Ê ›¸ú\¸½
¨¸¢µ¸Ä÷¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ¢›¸š¸¸Ä¢£÷¸ ¢ˆÅ¡¸¸ í¾À We have determined the matters described below to be the Key
Audit Matters of the Bank to be communicated in our report:
ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ œÏŸ¸º‰¸
How our Audit procedures
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ S.
Key Audit Matters addressed the Key Audit
¢ˆÅ¡¸¸ No
Matters
1. ‚¢ŠÏŸ¸¸Ê ˆÅ¸ ¨¸Š¸úĈţµ¸, ퟸ›¸½ ¢¬¸¬’Ÿ¸, ‡¦œ¥¸ˆ½Å©¸›¸, ‚›¸ºŸ¸¸½™›¸ ˆ½Å … 1. Classification of Advances, We have tested the design
œÏ¸¨¸š¸¸›¸úˆÅ£µ¸ ‚¸¾£ ž¸¸£÷¸ú¡¸ œ¸£ œÏ¢ÇÅ¡¸¸, ¢£ˆÅ¸Á¢”ôŠ¸, ¢›¸Š¸£¸›¸ú ‚¸¾£ †µ¸¸Ê, Provisioning and other and operating effectiveness
relevant compliance of RBI of the Key controls of the
¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ¤¸ˆÅ¸¡¸¸Ê ÷¸˜¸¸ ™¤¸¸¨¸ŠÏ¬÷¸ ‰¸¸÷¸¸Ê ˆÅú ¨¸¬¸»¥¸ú,
Guidelines: system, application, process
‚›¡¸ œÏ¸¬¸¿¢Š¸ˆÅ ‚›¸ºœ¸¸¥¸›¸À ‡›¸œ¸ú‡ ˆÅú œ¸í\¸¸›¸, œÏ¸˜¸¢Ÿ¸ˆÅ ‚¸¾£ ¬¸¿œ¸¸¢æ¸ÄˆÅ over approval, recording,
œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å ¢¥¸‡ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¢™©¸¸¢›¸™½Ä©¸¸Ê (Refer Note No. 5 of Schedule monitoring, and recovery of
(¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆ½Å 17 of Significant Accounting
ˆÅú ¬¸Ÿ¸^¸ ÷¸˜¸¸ ¤¸ÿˆÅ ˆ½Å ¬¸Ÿ¸ŠÏ ¬¸¿Š¸“›¸¸÷Ÿ¸ˆÅ loans, overdue and stressed
¢¥¸‡ Ÿ¸í÷¨¸œ¸»µ¸Ä ¥¸½‰¸¸¿ˆÅ›¸ ›¸ú¢÷¸ ˆÅú Policy to the Consolidated accounts, identification
‚¸ƒÄ’ú [¸¿\¸½ ‡¨¸¿ ¢¨¸¢ž¸››¸ ‚¸¿÷¸¢£ˆÅ œ¸¢£œ¸°¸¸Ê Financial Statements)
‚›¸º¬¸»\¸ú 17 ˆ½Å ›¸¸½’ ÇÅŸ¸¸¿ˆÅ 5 ˆÅ¸ of NPA, Provision for
‚¸¾£ ¢£œ¸¸½’¸½ô ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ „¬¸ˆ½Å ¬¸¿œÏ½«¸µ¸ NPA including verification
¬¸¿™ž¸Ä ¥¸Ê—) The Group’s portfolio
œ¸£ ‚¸š¸¸¢£÷¸ ¢¨¸©¸½«¸±¸¸Ê ˆÅú Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢£œ¸¸½’Ä of valuation reports of
31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ¤¸ÿˆÅ ˆ½Å comprises of Net Advances
ˆÅú ]¸¸¿\¸ ¬¸¢í÷¸ ‡›¸œ¸ú‡ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ experts for primary and
of Rs. 102405 Crores as at
œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ Ÿ¸Ê ²Å.102405 ˆ½Å Ÿ¸í÷¨¸œ¸»µ¸Ä ¢›¸¡¸¿°¸µ¸¸Ê ˆÅú œ¸¢£\¸¸¥¸›¸ collateral securities based
March 31, 2021 comprising of
ˆÅ£¸½”õ ˆÅ¸ ©¸ºÖ ‚¢ŠÏŸ¸ ©¸¸¢Ÿ¸¥¸ œÏž¸¸¨¸©¸ú¥¸÷¸¸ ÷¸˜¸¸ ¢”]¸¸ƒ›¸ ˆÅú ]¸¸¿\¸ ˆÅ£ on the understanding of the
wholesale and retail banking.
prudential guidelines and
í¾ ¢]¸¬¸Ÿ¸Ê ˜¸¸½ˆÅ ‚¸¾£ ¢£’½¥¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ¥¸ú í¾— As required by IRAC Norms,
overall organisational IT
¬¸¦ŸŸ¸¢¥¸÷¸ í¾— ‚¸ƒÄ‚¸£‡¬¸ú issued by RBI and other
ퟸ›¸½ ¤¸ÿˆÅ ˆÅú ›¸ú¢÷¸¡¸¸Ê ¨¸ œÏ¢ÇÅ¡¸¸‚¸Ê ÷¸˜¸¸ framework of the Bank and
Ÿ¸¸›¸™¿”¸Ê ˆ½Å ‚›¸º¬¸¸£ ž¸¸£÷¸ú¡¸ circulars, notification and
its communication through
¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸ºœ¸¸¥¸›¸ Ÿ¸Ê directives issued by RBI, the
¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ]¸¸£ú ¢™©¸¸¢›¸™½Ä©¸ various circulars and reports.
‚¢ŠÏŸ¸¸Ê ˆÅú Ÿ¸¿]¸»£ú, ¢›¸Š¸£¸›¸ú ˆÅú œÏ¢ÇÅ¡¸¸ ÷¸˜¸¸ Bank has classified Advances
‚¸¾£ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ and has made appropriate We have evaluated the
‚¢ŠÏŸ¸¸Ê œ¸£ ¢›¸¡¸¿°¸µ¸ í½÷¸º ¢¬¸¬’Ÿ¸ ‚¸½¨¸££¸ƒ”
]¸¸£ú ‚›¡¸ œ¸¢£œ¸°¸¸Ê, ‚¢š¸¬¸»\¸›¸¸‚¸Ê provisions in accordance with Internal Controls over
¡¸¸ ¤¸¸ƒœ¸¸¬¸ ˆ½Å ¢¥¸‡ ‰¸¸÷¸¸Ê, œ¸¡¸Ä¨¸½®¸ú ü½ÅŸ¸¨¸ˆÄÅ such guidelines. sanctioning, monitoring the
‚¸¾£ ¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸£µ¸ Ÿ¸Ê ¤¸ÿˆÅ ›¸½
¡¸˜¸¸ ‚¸¿÷¸¢£ˆÅ ¥¸½‰¸¸ œ¸£ú®¸¸, †µ¸ ¥¸½‰¸¸ process and account for
‚¢ŠÏŸ¸¸Ê ˆÅ¸½ ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ í¾ ÷¸˜¸¸ Income from Advances system overrides or bypasses
œ¸£ú®¸¸, ¬¸¿Š¸¸Ÿ¸ú ¥¸½‰¸¸ œ¸£ú®¸¸ ‚¸¾£ œÏµ¸¸¥¸ú
‡½¬¸½ ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º³Åœ¸ „¢\¸÷¸ constitutes 49.35% of Total to controls of advances,
¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ ‡½¬¸½ ü½ÅŸ¸¨¸ˆÄÅ
œÏ¸¨¸š¸¸›¸ ¢ˆÅ‡ íÿ— Income. The provision in supervisory framework such
ˆÅú ‚¸¿÷¸¢£ˆÅ ]¸¸¿\¸ ‚¸¾£ œÏž¸¸¨¸©¸ú¥¸÷¸¸ ˆÅ¸ respect of Non-performing as Internal Audit, Credit Audit,
‚¢ŠÏŸ¸¸Ê ¬¸½ ‚¸¡¸, ˆºÅ¥¸ ‚¸¡¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ í¾— Asset is Rs. 2213.79 Crores Concurrent Audit, Systems
49.35% ¤¸›¸¸÷¸ú í¾— Š¸¾£-¢›¸«œ¸¸™›¸ which constitutes 15.88% of Audit, as well as Internal
ퟸ›¸½ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ¢›¸š¸¸Ä¢£÷¸
‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê œÏ¸¨¸š¸¸›¸ the total expenditure. Check, effectiveness of such
¢ˆÅ‡ ‚›¸º¬¸¸£ ‚¸ƒÄ‚¸£‡¬¸ú Ÿ¸¸›¸™¿”¸Ê ˆ½Å
²Å.2213.79 ˆÅ£¸½”õ í¾ ]¸¸½ ˆºÅ¥¸ ¨¡¸¡¸ The carrying value of these
framework as per the policies
¥¸¸Š¸» ¢ˆÅ‡ ]¸¸›¸½ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ í¾ ÷¸˜¸¸ and procedures of the bank
ˆÅ¸ 15.88% ¤¸›¸¸÷¸¸ í¾— advances (net of provisions)
‚]¸ÄˆÅ ‚¸¦¬÷¸¡¸¸Ê ˆ½Å ¬¸¾Ÿœ¸¥¸ ˆÅú ¨¡¸¢Æ÷¸Š¸÷¸ and in compliance with
‚¸ƒÄ‚¸£‡¬¸ú Ÿ¸¸›¸™¿”¸Ê ˆÅ¸ ¬¸Ÿ¸º¢\¸÷¸ ³Åœ¸ ¬¸½ ]¸¸¿\¸ ˆÅú í¾ ÷¸¸¢ˆÅ „¬¸ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ may be materially misstated
prudential guidelines.
if, either individually or in
³Åœ¸ ¬¸½ œ¸¸¥¸›¸ ›¸íú¿ ¢ˆÅ‡ ]¸¸›¸½ œ¸£ ƒ›¸ ¬¸º¢›¸¢ä¸÷¸ ¢ˆÅ¡¸¸ ]¸¸ ¬¸ˆ½Å— ¬¸¸˜¸ íú, ¤¸ÿˆÅ ˆÅú aggregate the IRAC Norms, We have tested samples
‚¢ŠÏŸ¸¸Ê (œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ ¢›¸¨¸¥¸) ˆÅ¸ †µ¸ ›¸ú¢÷¸ ˆ½Å ‚›¸º¬¸¸£ Ÿ¸¿]¸»¢£¡¸¸Ê ˆ½Å ‚›¸ºŸ¸¸½™›¸ are not properly followed. of Performing Assets and
¨¸í›¸ Ÿ¸»¥¡¸ ¨¡¸¢Æ÷¸Š¸÷¸ ¡¸¸ ¬¸Ÿ¸½¢ˆÅ÷¸ ÷¸˜¸¸ ǽŢ”’ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¨¸ ¢›¸¡¸¿°¸µ¸ ˆ½Å ˆÅ¸¡¸Ä- assessed the application of
The Bank has significant IRAC Norms, as prescribed
³Åœ¸ Ÿ¸Ê Š¸¥¸÷¸ í¸½ ¬¸ˆÅ÷¸¸ í¾— ¢›¸«œ¸¸™›¸ ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅú í¾— Credit Risk Exposure to a large by RBI, individually to ensure
number of borrowers across compliance of the same.
a wide range of borrowers, Also reviewed approval of
products, industries and there sanctions against Bank's
is a high degree of complex- credit Policy and performance
ity, uncertainty, judgement of Credit Assessments and
involved in recoverability of controls.

202
Jeeef<e&keÀ efjHeesì& 2020-21
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½
¤¸ÿˆÅ ˆÅ¸½ ¤¸”õú ¬¸¿‰¡¸¸ Ÿ¸Ê ¢¨¸¢ž¸››¸
œÏˆÅ¸£ ˆ½Å „š¸¸£ˆÅ÷¸¸Ä‚¸Ê, „÷œ¸¸™¸Ê,
„Ô¸¸½Š¸¸Ê ˆÅ¸½ ¢™‡ Š¸‡ †µ¸¸Ê ¬¸½ †µ¸
]¸¸½¢‰¸Ÿ¸ ‡Æ¬¸œ¸¸½]¸£ í¾ ‚¸¾£ ƒ¬¸Ÿ¸Ê
‚÷¡¸¢š¸ˆÅ ]¸¢’¥¸÷¸¸‡¿, ‚¢›¸¢ä¸÷¸÷¸¸,
‚¢ŠÏŸ¸¸Ê ˆÅú ¨¸¬¸»¥¸ú ¬¸¿¤¸¿š¸ú ¢›¸µ¸Ä¡¸,
œÏ¸¨¸š¸¸›¸¸Ê ˆÅ¸ ‚›¸ºŸ¸¸›¸ ‚¸¾£ ¤¸’Ã’½
‰¸¸÷¸½ ”¸¥¸½ ]¸¸›¸½ ¨¸¸¥¸½ ‰¸¸÷¸¸Ê ˆÅú
œ¸í\¸¸›¸ ©¸¸¢Ÿ¸¥¸ í¾— ¡¸¢™ ¤¸ÿˆÅ ׸£¸
‡½¬¸½ ¢¨¸¨¸½ˆÅœ¸»µ¸Ä ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆÅ¸
œ¸¸¥¸›¸ ›¸íú¿ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾ ÷¸¸½ ¨¸«¸Ä
í½÷¸º ¥¸¸ž¸ ‚¸¾£ ¢›¸¨¸¥¸ ‚¢ŠÏŸ¸¸Ê ˆÅú
¦¬˜¸¢÷¸ „¢\¸÷¸ [¿Š¸ ¬¸½ œ¸¢£¥¸¢®¸÷¸ ›¸íú¿
í¸½÷¸ú— ‚÷¸À ퟸ ƒ¬¸½ ‡ˆÅ œÏŸ¸º‰¸
¥¸½‰¸¸ œ¸£ú®¸¸ ˆÅ¸ Ÿ¸¸Ÿ¸¥¸¸ Ÿ¸¸›¸÷¸½ íÿ—
ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ œÏŸ¸º‰¸ How our Audit procedures
S.
Key Audit Matters addressed the Key Audit
¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ No
Matters
¢ˆÅ¡¸¸
Advances, estimation of Examined early warning
¬¸¿ž¸¸¢¨¸÷¸ ‡›¸œ¸ú‡ ˆÅú œ¸í\¸¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ provisions thereon and signal reports, other
¤¸ÿˆÅ ׸£¸ ¢›¸¢Ÿ¸Ä÷¸ œÏ¸£¿¢ž¸ˆÅ \¸½÷¸¸¨¸›¸ú ¬¸¿ˆ½Å÷¸ identification of accounts exceptional reports generated
¢£œ¸¸½’¸½ô, ‚›¡¸ ‚¬¸¸š¸¸£µ¸ ¢£œ¸¸½’¸½ô ˆÅú ]¸¸¿\¸ ˆÅú to be written off. If such by the Bank for the purpose of
prudential guidelines are not identifying potential NPA and
Š¸ƒÄ ‚¸¾£ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ]¸¸½¢‰¸Ÿ¸¸Ê ˆÅ¸½ ™»£ ˆÅ£›¸½
followed by the Bank the steps taken for monitoring of
ˆ½Å ¢¥¸‡ ÷¸˜¸¸ ]¸¸½¢‰¸Ÿ¸ œÏ¤¸¿š¸›¸ ‡¨¸¿ ¬¸¿¤¸¿¢š¸÷¸
profit for the year and the such accounts including red
¢›¸¡¸¿°¸µ¸¸Ê ˆÅ¸ œÏž¸¸¨¸ú ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ¬¸º¢›¸¢ä¸÷¸ net advances position will be flagged accounts to overcome
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ £½” É¥¸¾Š¸ ¨¸¸¥¸½ ‰¸¸÷¸¸Ê ¬¸¢í÷¸ materially misstated. Hence assessed risks and ensure
‡½¬¸½ ‰¸¸÷¸¸Ê ˆÅú ¢›¸Š¸£¸›¸ú ˆ½Å ¢¥¸‡ „“¸‡ Š¸‡ we consider this as a Key effective implementation of
ˆÅ™Ÿ¸ „“¸‡ Š¸‡— Audit Matter. risk management and related
controls.
ퟸ›¸½ ¤¸ÿˆÅ ˆ½Å ¤¸”õ½ ¢¨¸Š¸¸½œ¸›¸¸Ê œ¸£ š¡¸¸›¸ ˆÊÅ¢Í÷¸
ˆÅ£›¸½ ‚¸¾£ ‚¸ˆÅ¥¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ÷¸˜¸¸ We have adopted a
framework of carrying
„ž¸£÷¸½ ]¸¸½¢‰¸Ÿ¸ ˆ½Å ®¸½°¸¸Ê ˆÅ¸½ ˆÅŸ¸ ˆÅ£›¸½ ˆ½Å out detailed verification
¢¥¸‡ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢£œ¸¸½’Ä, ¬¸Ÿ¸º¢\¸÷¸ ¬¸¸¨¸š¸¸›¸ú of corporate wholesale
¢£œ¸¸½’Ä, ¬¸½¨¸¸ ˆÅ£¸£, ¬¸Ÿ¸›¸º™½©¸›¸ ¢¨¸¥¸½‰¸, (including Consortium, Pool
Buyout and other large
]¸½‡¥¸‡ ‚¸¾£ ¤¸¸í£ú ǽŢ”’ £ÊŠ¸ ¢£œ¸¸½’Ä ¬¸¢í÷¸ borrowers) by way of review
¬¸¿œ¸¸¢æ¸ˆÅ ™¬÷¸¸¨¸½]¸¸Ê ˆÅú ¬¸Ÿ¸ú®¸¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ of collateral documents
ˆÅ¸Á£œ¸¸½£½’ ˜¸¸½ˆÅ (¬¸¿‹¸ú¡¸, œ¸»¥¸ ¤¸¸¡¸‚¸„’ ‚¸¾£ including valuation reports,
due diligence report,
‚›¡¸ ¤¸”õ½ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê ¬¸¢í÷¸) ˆÅ¸ ¢¨¸¬÷¸¼÷¸ servicing Agreement, deed
¬¸÷¡¸¸œ¸›¸ ˆÅ£›¸½ ˆÅ¸ ‡ˆÅ ü½ÅŸ¸¨¸ˆÄÅ ‚œ¸›¸¸¡¸¸ í¾— of assignment, JLA and
ퟸ›¸½ ¨¸¢£«“ œÏ¤¸¿š¸›¸ ˆ½Å ¬¸¸˜¸ \¸\¸¸Ä ˆÅú í¾ ‚¸¾£ External Credit rating reports
to assess and focus on
‚¸¿÷¸¢£ˆÅ ‚¸¾£ ¤¸¸à¸ Ÿ¸¾ÇŸ½ƒˆÅ¸Á›¸¸Á¢Ÿ¸ˆÅ ˆÅ¸£ˆÅ¸Ê larger exposures of the Bank
¬¸¢í÷¸ ‚œ¸›¸½ ‚›¸º¬¸¸£ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ í¾ ‚¸¾£ and mitigating the areas
¤¸ÿˆÅ ˆÅú †µ¸ ›¸ú¢÷¸¡¸¸Ê, ‚¸ƒÄ‚¸£‡¬¸ú Ÿ¸¸›¸™¿”¸Ê of emerging risk. We have
discussed with the Senior
‚¸¾£ ¬¸£ˆÅ¸£ú ›¸ú¢÷¸¡¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ]¸¸½¢‰¸Ÿ¸ Management and performed
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‚¸¾£ ]¸¸½¢‰¸Ÿ¸ ŠÏ½¢”¿Š¸ ˆÅú ¬¸’úˆÅ÷¸¸ our own assessment
ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ í¾— including internal and external
macroeconomic factors and
ퟸ›¸½ ‚¸¡¸ ¢›¸š¸¸Ä£µ¸, ‡½¬¸½ †µ¸¸Ê ˆ½Å testing the timelines and the
œÏ¸¨¸š¸¸›¸úˆÅ£µ¸ ¬¸¢í÷¸ ‚¸ƒÄ‚¸£‡¬¸ú Ÿ¸¸›¸™¿”¸Ê accuracy of risk assessment
and risk grading against the
ˆÅú œÏž¸¸¨¸ú ¢›¸Š¸£¸›¸ú ‡¨¸¿ ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ Bank's lending policies, IRAC
¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ›¸Ÿ¸»›¸¸ ‚¸š¸¸£ œ¸£ Norms and in accordance
¤¸ÿˆÅ ˆ½Å ¢£’½¥¸ ‚¢ŠÏŸ¸ œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ ˆÅ¸ with Government Policies.
œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ í¾— ¤¸ÿˆÅ ›¸½ ¢£’½¥¸ †µ¸¸Ê ˆ½Å We have examined the Retail
advances portfolio of the
¢¥¸‡ †µ¸ ¥¸¸ƒûÅ ¬¸¸ƒˆÅ¥¸ œÏ¤¸¿š¸›¸ œÏµ¸¸¥¸ú Bank on sampling basis to
ˆÅ¸½ ‚œ¸›¸¸¡¸¸ í¾, ]¸¸½ œÏž¸¸¨¸ú ³Åœ¸ ¬¸½ ¤¸ÿˆÅ ˆ½Å ensure effective monitoring
¢£’½¥¸ œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ ˆÅú ¢›¸Š¸£¸›¸ú, ¢›¸¡¸¿°¸µ¸ and implementation of IRAC
norms including income
ˆÅ£÷¸¸ í¾ ÷¸˜¸¸ „¬¸ˆ½Å œÏž¸¸¨¸ú ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ‚¸¾£ recognition, provisioning forf
ˆÅ¸¡¸Ä-¢›¸«œ¸¸™›¸ ˆ½Å ¢¥¸‡ „¬¸ˆÅú ]¸¸¿\¸ ˆÅú Š¸ƒÄ such loans. The Bank has
í¾— ퟸ›¸½ ‚¿÷¸¢›¸Ä¢í÷¸ 踸½÷¸ œÏµ¸¸¢¥¸¡¸¸Ê ¬¸½ ”½’¸ adopted Loan Life Cycle
Management System for
ˆÅú œ¸»µ¸Ä÷¸¸ ‚¸¾£ ¬¸’úˆÅ÷¸¸ ˆÅ¸ ž¸ú œ¸£ú®¸µ¸ retail loans which effectively
¢ˆÅ¡¸¸ í¾, ¬¨¸\¸¸¢¥¸÷¸ Š¸µ¸›¸¸ ˆÅú ]¸¸¿\¸ ˆÅú í¾ monitors, controls, the retail
‚¸¾£ ¤¸ÿˆÅ ˆ½Å ‚¸½¨¸£¬¸¸ƒ’ œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ ˆÅ¸ portfolio of the Bank and
is tested for its effective
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ í¾— implementation and
performance. We have also
tested the completeness and
accuracy of the data from the
underlying source systems,
tested the automated
calculation and evaluated
the bank's oversight of the
portfolio.
203
 Annual Report 2020-21

ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ œÏŸ¸º‰¸ How our Audit procedures
S.
Key Audit Matters addressed the Key Audit
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ No
Matters
¢ˆÅ¡¸¸
We have reviewed the
ퟸ›¸½ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ‹¸¸½¢«¸÷¸ Bank’s process for granting
¢›¸¡¸¸Ÿ¸ˆÅ œ¸¾ˆ½Å]¸ ˆ½Å ‚›¸º¬¸¸£ „š¸¸£ˆÅ÷¸¸Ä‚¸Ê moratorium and restructuring
to borrowers as per the
ˆÅ¸½ ‚¢š¸¬˜¸Š¸›¸ œÏ™¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆÅú
Regulatory Package
œÏ¢ÇÅ¡¸¸ ˆÅú ¬¸Ÿ¸ú®¸¸ ˆÅú í¾— ퟸ›¸½ ž¸¸£÷¸ú¡¸ announced by RBI. We
¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸]¸¸£ú ¢›¸¡¸¸Ÿ¸ˆÅ œ¸¾ˆ½Å]¸ ˆ½Å tested the completeness and
‚›¸º³Åœ¸ ¬¸¸Ÿ¸¸›¡¸ œÏ¸¨¸š¸¸›¸¸Ê ˆÅú Š¸µ¸›¸¸ ˆ½Å accuracy of data used for
computing general provisions
¢¥¸‡ „œ¸¡¸¸½Š¸ ¢ˆÅ‡ Š¸‡ ”½’¸ ˆÅú œ¸»µ¸Ä÷¸¸ ‚¸¾£
in line with regulatory
¬¸’úˆÅ÷¸¸ ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ í¾— ˆÅ¸½¢¨¸”19 package issued by RBI. With
Ÿ¸í¸Ÿ¸¸£ú ˆ½Å œÏž¸¸¨¸ ˆ½Å ˆÅ¸£µ¸ ¤¸ÿˆÅ ׸£¸ respect to additional provision
¢ˆÅ‡ Š¸‡ ‚¢÷¸¢£Æ÷¸ œÏ¸¨¸š¸¸›¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê, made by the Bank on account
ퟸ›¸½ œÏ¤¸¿š¸›¸ ׸£¸ „œ¸¡¸¸½Š¸ ˆÅú ]¸¸›¸½ ¨¸¸¥¸ú of the impact of COVID
19 pandemic, we broadly
‚¿÷¸¢›¸Ä¢í÷¸ Ÿ¸¸›¡¸÷¸¸‚¸Ê ‚¸¾£ ‚›¸ºŸ¸¸›¸¸Ê ˆÅú reviewed the underlying
¨¡¸¸œ¸ˆÅ ³Åœ¸ ¬¸½ ¬¸Ÿ¸ú®¸¸ ˆÅú, ¥¸½¢ˆÅ›¸ ]¸¾¬¸¸ ¢ˆÅ assumptions and estimates
œÏž¸¸¨¸ ˆÅú ¬¸úŸ¸¸ ž¸¢¨¸«¡¸ ˆÅú ¦¬˜¸¢÷¸ œ¸£ ¢›¸ž¸Ä£ used by the management for
í¾ ‚¸¾£ „¬¸Ÿ¸Ê ˆÅ¸ûÅú ‚¢›¸¢ä¸÷¸÷¸¸‡¿ íÿ, ퟸ›¸½ the same but as the extent of
impact is dependent on future
Ÿ¸º‰¡¸ ³Åœ¸ ¬¸½ „›¸ Ÿ¸¸›¡¸÷¸¸‚¸Ê ‚¸¾£ ‚›¸ºŸ¸¸›¸¸Ê developments which are
œ¸£ ¢¨¸æ¸¸¬¸ ¢ˆÅ¡¸¸ í¾, ]¸¸½ ¤¸ÿˆÅ ˆÅú ‚¸¨¸¢š¸ˆÅ highly uncertain, we primarily
¬¸Ÿ¸ú®¸¸ ˆ½Å ‚š¸ú›¸ íÿ— relied on those assumptions
and estimates, which are
ퟸ›¸½ ‡›¸œ¸ú‡ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ œÏ¸¬¸¿¢Š¸ˆÅ subject matter of periodic
‚¸£¤¸ú‚¸ƒÄ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ‚¸¾£ ¤¸ÿ¢ˆ¿ÅŠ¸ review by the Bank.
¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸ ‡¨¸¿ ‚¸£¤¸ú‚¸ƒÄ We have examined the
œ¸¢£œ¸°¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢›¸¢Ÿ¸Ä÷¸ ¥¸¸Š¸» ¥¸½‰¸¸ adequacy and appropriateness
Ÿ¸¸›¸ˆÅ¸Ê œ¸£ œÏˆÅ’úˆÅ£µ¸ ˆÅú œ¸¡¸¸Äœ÷¸÷¸¸ ‚¸¾£ of disclosures against the
„œ¸¡¸ºÆ÷¸÷¸¸ ˆÅú ]¸¸¿\¸ ˆÅú í¾— relevant RBI requirements
relating to NPA and applicable
Accounting Standards required
ퟸ›¸½ ‚›¡¸ ¬¸¸¿¢¨¸¢š¸ˆÅ ©¸¸‰¸¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê to be made in accordance with
ˆ½Å ¬¸¸˜¸ ¢¨¸¢©¸«’ ¬¸¿œÏ½«¸µ¸ ˆÅ£ „›¸ˆÅú Banking Regulation Act and
¥¸½‰¸¸œ¸£ú®¸¸ ¢£œ¸¸½’¸½ô œ¸£ ž¸ú ¢›¸ž¸Ä£÷¸¸ £‰¸ú í¾— RBI Circulars.
We have also placed reliance
on the Audit reports of the
other Statutory Branch
Auditors, with whom
we have made specific
communications.

2. ¢›¸¨¸½©¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‚¸¾£ ퟸ›¸½ ¤¸ÿˆÅ ˆ½Å ¨¸Š¸úĈţµ¸, Ÿ¸»¥¡¸¸¿ˆÅ›¸ 2. Classification and We have tested the design,
Valuation of Investments: implementation and
¨¸Š¸úĈţµ¸À œÏ¢ÇÅ¡¸¸, ¬¨¸÷¸¿°¸ Ÿ¸»¥¡¸ ¬¸÷¡¸¸œ¸›¸ ˆÅú ¢™©¸¸ operating effectiveness of
(Refer Note No. 4 of Schedule management’s key internal
Ÿ¸Ê œÏ¤¸¿š¸›¸ ˆ½Å œÏŸ¸º‰¸ ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸¸Ê
(¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆ½Å ¢¥¸‡ 17 of Significant Accounting controls of the Bank towards
ˆ½Å ¢”]¸¸ƒ›¸, ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ‚¸¾£ ¬¸¿\¸¸¥¸›¸ policy to the Consolidated classification,
Ÿ¸í÷¨¸œ¸»µ¸Ä ¥¸½‰¸¸¿ˆÅ›¸ ›¸ú¢÷¸ ˆÅú ‚›¸º¬¸»\¸ú valuation
œÏž¸¸¨¸©¸ú¥¸÷¸¸ ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ í¾, Financial Statements) process, independent
17 ˆ½Å ›¸¸½’ ÇÅŸ¸¸¿ˆÅ 4 ˆÅ¸ ¬¸¿™ž¸Ä ¥¸Ê—)
¢]¸¬¸Ÿ¸Ê œÏŸ¸º‰¸ œÏ¸¢š¸ˆÅ£µ¸ ‚¸¾£ ”½’¸ Investments are classified price verification, including
‰¸£ú™ ˆ½Å ¬¸Ÿ¸¡¸ ¢›¸¨¸½©¸ ˆÅ¸½ ¨¡¸¸œ¸¸£ ƒ›¸œ¸º’ ¢›¸¡¸¿°¸µ¸ ¬¸¢í÷¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆ½Å ¢¥¸‡ into Held for Trading (HFT), the Bank's review and
Available for Sale (AFS) approval of the estimates
í½÷¸º š¸¸¢£÷¸ (‡\¸‡ûÅ’ú), ¢¤¸ÇÅú œÏ¡¸ºÆ÷¸ ‚›¸ºŸ¸¸›¸¸Ê ‚¸¾£ Ÿ¸¸›¡¸÷¸¸‚¸Ê ˆÅú and Held to Maturity (HTM) and assumptions used for
í½÷¸º „œ¸¥¸¤š¸ (‡‡ûҬ¸) ‚¸¾£ ¬¸Ÿ¸ú®¸¸ ‚¸¾£ ‚›¸ºŸ¸¸½™›¸ ©¸¸¢Ÿ¸¥¸ íÿ— categories at the time of the valuation including key
œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ (‡\¸’ú‡Ÿ¸) purchase. Investments authorisation and data input
intended to be held till controls.
ª½¢µ¸¡¸¸Ê Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— ퟸ›¸½ œÏ¸¬¸¿¢Š¸ˆÅ ¢›¸¨¸½©¸ ©¸÷¸¸½ô ˆÅ¸½ ¬¸Ÿ¸^¸›¸½ maturity are classified We have examined the
œ¸¢£œ¸Æ¨¸÷¸¸ ÷¸ˆÅ š¸¸¢£÷¸ ¢ˆÅ‡ ]¸¸›¸½ ÷¸˜¸¸ ¢¨¸î¸ú¡¸ ¢¥¸‰¸÷¸¸Ê ˆ½Å Ÿ¸»¥¡¸¸¿ˆÅ›¸ as HTM Investments. investment agreement / term
¨¸¸¥¸½ ¢›¸¨¸½©¸¸Ê ˆÅ¸½ ‡\¸’ú‡Ÿ¸ ¢›¸¨¸½©¸ ˆ½Å ¢¥¸‡ œÏ¸¬¸¿¢Š¸ˆÅ ¢ˆÅ¬¸ú ž¸ú ¦¬˜¸¢÷¸ ˆÅú Classification of Investments, sheet entered into during the
ˆ½Å ³Åœ¸ Ÿ¸Ê ¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾— œ¸í\¸¸›¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¨¸÷¸ÄŸ¸¸›¸ ¨¸«¸Ä ˆ½Å valuation and provisioning current year, on a sample
thereof are based on RBI basis, to understand the
¢›¸¨¸½©¸¸Ê ˆÅ¸ ¨¸Š¸úĈţµ¸, Ÿ¸»¥¡¸¸¿ˆÅ›¸ ™¸¾£¸›¸ ›¸Ÿ¸»›¸¸ ‚¸š¸¸£ œ¸£ ¢›¸¨¸½©¸ ˆÅ£¸£/ guidelines. relevant investment terms and
‚¸¾£ „¬¸ˆÅ¸ œÏ¸¨¸š¸¸›¸úˆÅ£µ¸ ž¸¸£÷¸ú¡¸ œÏ¢¨¸«’ ’Ÿ¸Ä ©¸ú’ ˆÅú ]¸¸¿\¸ ˆÅú í¾— identify any conditions that
¢£{¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê œ¸£ were relevant to the valuation
‚¸š¸¸¢£÷¸ íÿ— of financial instruments.

204
Jeeef<e&keÀ efjHeesì& 2020-21

ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ œÏŸ¸º‰¸ How our Audit procedures
S.
Key Audit Matters addressed the Key Audit
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ No
Matters
¢ˆÅ¡¸¸
Compliance of Investment Our Audit approach towards
ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä ¤¸ÿˆÅ ׸£¸ ]¸¸£ú ¤¸ÿˆÅ ˆ½Å ¢›¸¨¸½©¸ œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ ˆ½Å œÏ¢÷¸ ퟸ¸£¸ Portfolio as per guidelines Investment Portfolio of the bank
¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¢›¸¨¸½©¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ´¦«’ˆÅ¸½µ¸ ž¸¸£÷¸ú¡¸ ¢£{¸¨¸Ä issued by RBI is mandatory is based on compliance and
and involves management requirements of RBI circulars
œ¸¸½’ÄûŸ½¢¥¸¡¸¸½ ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ¤¸ÿˆÅ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ‚¸¾£ ‚›¸ºœ¸¸¥¸›¸ judgement in determining the and directives in relation
‚¢›¸¨¸¸¡¸Ä í¾ ÷¸˜¸¸ ƒ¬¸Ÿ¸Ê ¤¸ÿˆÅ ׸£¸ ÷¸˜¸¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸, ¨¸Š¸úĈţµ¸, ‚›¸]¸ÄˆÅ ¢›¸¨¸½©¸ value of bonds, debentures to valuation, classification,
‚œ¸›¸¸‡ Š¸‡ Ÿ¸¸Á”¥¸ ‚¸¾£ ›¸ú¢÷¸ œ¸£ and other securities based identification of Non Performing
ˆÅú œ¸í\¸¸›¸, ¢›¸¨¸½©¸ ˆ½Å ¢¥¸‡ œÏ¸¨¸š¸¸›¸ ‡¨¸¿
on the policy and the model Investments, Provision for
‚¸š¸¸¢£÷¸ ¤¸¸¿”, ¢”¤¸Ê\¸£ ‚¸¾£ ‚›¡¸ ¤¸ÿˆÅ ׸£¸ ‚œ¸›¸¸ƒÄ Š¸ƒÄ œÏ¸¬¸¿¢Š¸ˆÅ ›¸ú¢÷¸¡¸¸Ê ¨¸ adopted by the Bank. Investments and relevant
œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆ½Å Ÿ¸»¥¡¸ ˆ½Å ¢›¸š¸¸Ä£µ¸ Ÿ¸Ê œÏ¢ÇÅ¡¸¸‚¸Ê ˆ½Å ¬¸¸˜¸-¬¸¸˜¸ ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸ policies and procedures
œÏ¤¸¿š¸›¸ ˆ½Å ¢›¸µ¸Ä¡¸ ˆÅ¸½ ©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ Impact of Impairment adopted by the Bank including
œÏµ¸¸¥¸ú ‚¸¾£ ¬¸¿¤¸Ö œÏ¢ÇÅ¡¸¸‚¸Ê ˆ½Å œÏž¸¸¨¸ú assessment is having a effective implementation of
]¸¸÷¸¸ í¾— ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ œ¸£ ‚¸š¸¸¢£÷¸ í¾— overall significance to the Internal control system and
financial results of the Bank. related process.
¤¸ÿˆÅ ˆ½Å ¢¨¸î¸ú¡¸ œ¸¢£µ¸¸Ÿ¸¸Ê Ÿ¸Ê ‚›¸]¸ÄˆÅ ퟸ›¸½ œÏ¢÷¸ž¸»¢÷¸¡¸¸Ê ˆÅú œÏ÷¡¸½ˆÅ ª½µ¸ú ˆ½Å ¢¥¸‡
Interest Income from We tested accuracy and
Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆÅ¸ ¬¸¿œ¸»µ¸Ä÷¸¸ Ÿ¸Ê œÏž¸¸¨¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ Ÿ¸Ê ¬¸ºš¸¸£ ˆÅ£ˆ½Å ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä Investment of the Bank completeness of adoption of
Ÿ¸í÷¨¸œ¸»µ¸Ä í¾— ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ‚¸¾£ ¢›¸™½Ä©¸¸Ê ˆÅ¸½ ‚œ¸›¸¸›¸½ comprises 28.65% of the RBI guidelines and directions
total income in view of by reperforming valuations
¤¸ÿˆÅ ˆ½Å ¢›¸¨¸½©¸ ¬¸½ ‚¸¡¸ Ÿ¸Ê ƒ›¸ ˆÅú ¬¸’úˆÅ÷¸¸ ‚¸¾£ œ¸»µ¸Ä÷¸¸ ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ these significant points for each category of the
Ÿ¸í÷¨¸œ¸»µ¸Ä ¢¤¸¿™º‚¸Ê ˆÅ¸½ š¡¸¸›¸ Ÿ¸Ê í¾— œÏ¢÷¸ž¸»¢÷¸ ˆÅú œÏˆ¼Å¢÷¸ ˆ½Å ‚¸š¸¸£ œ¸£ ]¸¸½¢‰¸Ÿ¸ including assessment of non securities. Various sampling
performing Investments and techniques were adopted
£‰¸÷¸½ íº‡ ˆºÅ¥¸ ‚¸¡¸ ˆÅ¸ 28.65% ž¸¸¢£÷¸ ¢›¸¨¸½©¸¸Ê ˆ½Å ˆÅ¨¸£½]¸ ˆÅ¸½ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ provisions we have identified to ensure coverage of risk
©¸¸¢Ÿ¸¥¸ í¾ ¢]¸¬¸Ÿ¸Ê Š¸¾£-¢›¸«œ¸¸¢™÷¸ ˆ½Å ¢¥¸‡ ¢¨¸¢ž¸››¸ ›¸Ÿ¸»›¸½ ÷¸ˆÅ›¸úˆÅ¸Ê ˆÅ¸½ ‚œ¸›¸¸¡¸¸ this aspect as a Key Audit weighted Investments based
¢›¸¨¸½©¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‚¸¾£ œÏ¸¨¸š¸¸›¸ Š¸¡¸¸ ‚¸¾£ ¤¸ÿˆÅ ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ƒ¬¸ˆ½Å Matter. on the nature of security and
©¸¸¢Ÿ¸¥¸ íÿ ¢]¸›íÊ íŸ¸›¸½ ƒ¬¸ œ¸í¥¸» ¨¸í›¸ Ÿ¸»¥¡¸ ˆ½Å ¢¥¸‡ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— were tested for its carrying
value in the Financial
ˆÅ¸½ Ÿ¸º‰¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ³Åœ¸ Ÿ¸Ê Statements of the Bank.
ퟸ›¸½ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å
œ¸í\¸¸›¸¸ í¾— We have verified the non
‚›¸º¬¸¸£ œÏ¸¨¸š¸¸›¸¸Ê ‚¸¾£ Ÿ¸»¥¡¸Ý¸¬¸ ˆ½Å ¬¨¸÷¸¿°¸
performing investments of
]¸¸¿\¸ ˆÅú ¢¨¸¢š¸ ׸£¸ ¤¸ÿˆÅ ˆ½Å Š¸¾£ ¢›¸«œ¸¸¢™÷¸ the bank by the method of
¢›¸¨¸½©¸¸Ê ˆÅ¸ ¬¸÷¡¸¸œ¸›¸ ¢ˆÅ¡¸¸ í¾ ‚¸¾£ ‡½¬¸½ independent verification of
¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸ºœ¸¸¥¸›¸ ˆÅú œ¸º¦«’ ˆÅú í¾— provisions and depreciation
in accordance with RBI
ퟸ¸£½ ׸£¸ ¤¡¸¸]¸/ Ÿ¸»¥¸š¸›¸ ˆ½Å ³Åœ¸¸¿÷¸£µ¸/ guidelines and confirmed
¥¸¸Š¸»ˆÅ£µ¸ ˆ½Å œ¸¢£µ¸¸Ÿ¸¬¨¸³Åœ¸ ¢›¸¨¸½©¸¸Ê ˆÅú the compliance of such
‡ˆÅ ‚¥¸Š¸ ¬¸»\¸ú œÏ¸œ÷¸ ˆÅú ‚¸¾£ ]¸¸¿\¸ ˆÅú Š¸ƒÄ guidelines. We have reviewed
the application / conversion of
¢ˆÅ Æ¡¸¸ ƒ›¸ ¢›¸¨¸½©¸¸Ê ˆÅ¸½ ‡›¸œ¸ú‚¸ƒÄ ˆ½Å ³Åœ¸ Ÿ¸Ê interest / principal towards a
¨¸Š¸úĈ¼Å÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ƒ¬¸ˆ½Å ¢¥¸‡ \¸º›¸½ Š¸‡ separate List of Investments
›¸Ÿ¸»›¸¸Ê Ÿ¸Ê ¤¸ÿˆÅ ˆÅú ‚¸¡¸ œ¸£ ž¸¸¾¢÷¸ˆÅ œÏž¸¸¨¸ ˆÅ¸½ and checking whether these
Investments are classified as
ˆÅ¨¸£ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¢›¸¨¸½©¸ ˆÅú ‚¢š¸ˆÅ÷¸Ÿ¸ NPI. The samples selected for
ª½¢µ¸¡¸¸¿ ©¸¸¢Ÿ¸¥¸ íÿ— the same covers the majority
categories of Investments to
ퟸ¸£½ ׸£¸ ›¸Ÿ¸»›¸½ ‚¸š¸¸£ œ¸£ ¢¨¸ÇÅ¡¸ í½÷¸º cover the material impact on
„œ¸¥¸¤š¸ (‡‡ûҬ¸) ‚¸¾£ ¨¡¸¸œ¸¸£ í½÷¸º the income of the Bank.

š¸¸¢£÷¸ (‡\¸‡ûÅ’ú) ˆ½Å ¢›¸¨¸½©¸¸Ê ˆÅú ]¸¸¿\¸ ˆÅú We have verified Investment
portfolio of AFS and HFT on
Š¸ƒÄ ‚¸¾£ ‚¸¡¸ ¢›¸š¸¸Ä£µ¸, ¢¨¸ÇÅ¡¸ œ¸£ ¥¸¸ž¸ ¡¸¸ sample basis and performed
í¸¢›¸ Ÿ¸Ê ¢¨¸¢ž¸››¸ ¢¨¸©¥¸½«¸µ¸ˆÅ¸£ú œ¸Ö¢÷¸¡¸¸Ê ˆÅ¸½ various substantive analytical
procedures in determination
¥¸¸Š¸» ¢ˆÅ¡¸¸ Š¸¡¸¸ ÷¸˜¸¸ ¥¸¸ž¸ ¨¸ í¸¢›¸ Ÿ¸Ê ›¸¸Ÿ¸½/
of Income, gain / loss on
]¸Ÿ¸¸ ˆÅ£›¸½ ˆ½Å ]¸¢£‡ ¤¸ÿˆÅ ׸£¸ ¢›¸¡¸¿°¸µ¸ £‰¸¸ sale and tracked the controls
Š¸¡¸¸— implemented by the Bank
through credit / debit in the
ퟸ¸£½ ׸£¸ œ¸¢£œ¸Æ¨¸÷¸¸ œ¸£ š¸¸¢£÷¸ profit and loss account.
(‡\¸’ú‡Ÿ¸) ¢›¸¨¸½©¸¸Ê ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ We have tested the portfolio
‚¸¾£ œ¸¢£œ¸Æ¨¸÷¸¸ œ¸£ š¸¸¢£÷¸ (‡\¸’ú‡Ÿ¸) of HTM and made detailed
ˆ½Å ÇÅ¡¸/ ¢¨¸ÇÅ¡¸ ˆ½Å ¬¸¿¨¡¸¨¸í¸£¸Ê ˆÅú ]¸¸¿\¸ ˆÅú verification of transaction of
÷¸˜¸¸ ¥¸¸ž¸ ‚¸¾£ í¸¢›¸ ‰¸¸÷¸½ ¬¸½ ¥¸¸ž¸/ í¸¢›¸ purchase / sale of such HTM
and controls implemented
ˆÅú œ¸í\¸¸›¸ ˆÅ£ ’ú‚¸ƒÄ¤¸ú”ú ׸£¸ ¥¸Š¸¸‡ by the TIBD in recognizing
Š¸‡ ¢›¸¡¸¿°¸µ¸¸Ê ˆÅ¸½ ¥¸¸Š¸» ¢ˆÅ¡¸¸ ÷¸÷œ¸ä¸¸÷¸ the profit / loss to profit and
'œ¸»¿]¸úŠ¸÷¸ ‚¸£¢®¸÷¸ ‰¸¸÷¸½' ˆÅ¸½ ¢¨¸¢›¸¡¸¸½¢]¸÷¸ loss account and subsequent
appropriation to Capital
¢ˆÅ¡¸¸ Š¸¡¸¸— Reserve Account.

205
 Annual Report 2020-21

ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ œÏŸ¸º‰¸ How our Audit procedures
S.
Key Audit Matters addressed the Key Audit
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ No
Matters
¢ˆÅ¡¸¸
We have examined the
ퟸ›¸½ ¢›¸¨¸½©¸ ˆÅú œÏ÷¡¸½ˆÅ ª½µ¸ú ˆ½Å Ÿ¸»¥¡¸Ý¸¬¸ adequacy and appropriateness
‚¸¾£ í¸¢›¸ ˆÅú œ¸¡¸¸Äœ÷¸÷¸¸ ‚¸¾£ „œ¸¡¸ºÆ÷¸÷¸¸ of depreciation and Impairment
of each category of Investment
ˆÅú ]¸¸¿\¸ ˆÅú í¾ ‚¸¾£ ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ and recomputed the provision
ˆ½Å ¢™©¸¸¢›¸™½Ä©¸¸Ê ˆ½Å ‚›¸º¬¸¸£ ¤¸›¸¸‡ £‰¸›¸½ to be maintained in accordance
ˆ½Å œÏ¸¨¸š¸¸›¸ ˆÅ¸½ ¢ûÅ£ ¬¸½ ™¸½í£¸¡¸¸ í¾ ‚¸¾£ with the RBI Guidelines
and ensured that adequate
¡¸í ¬¸º¢›¸¢ä¸÷¸ ¢ˆÅ¡¸¸ í¾ ¢ˆÅ ›¸¸½’¸Ê ¬¸½ ‰¸¸÷¸¸Ê disclosures have been made in
Ÿ¸Ê œ¸¡¸¸Äœ÷¸ œÏˆÅ’›¸ ¢ˆÅ‡ Š¸‡ íÿ— Notes to Accounts.
3. ¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú œÏµ¸¸¥¸ú ‚¸¾£ ¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú ¤¸ÿˆÅ ˆ½Å ¢¨¸¢ž¸››¸ 3. Information Technology Information Technology forms
¢›¸¡¸¿°¸µ¸ [¸¿\¸¸ ‡¦œ¥¸ˆ½Å©¸›¸, ]¸›¸£¥¸, ¬¸¸ÁÉ’¨¸½¡¸£ Systems and Control an integral part of operating
Framework: requirements of the Bank by
¢›¸¡¸¿°¸µ¸¸Ê ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¤¸ÿˆÅ ˆÅú way of various applications,
‚¸Á’¸½Ÿ¸½©¸›¸ ¨¸ ‡œ¸¢¥¸ˆ½Å©¸›¸ ˆ½Å The Banks key business general, software controls
œ¸¢£\¸¸¥¸›¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅ¸ ‡ˆÅ
Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ‚¢š¸ˆÅ Ÿ¸¸°¸¸ Ÿ¸Ê ¨¡¸¨¸¬¸¸¡¸ objective is determined and requires understanding
‚¢ž¸››¸ ¢í¬¬¸¸ ¤¸›¸¸÷¸ú í¾ ‚¸¾£ ¤¸ÿˆÅ ˆÅú evaluated, controlled, of various systems and
œ¸¢£\¸¸¥¸›¸ ˆÅ¸½ ¬¸í¡¸¸½Š¸ œÏ™¸›¸ ˆÅ£›¸½
]¸¸½¢‰¸Ÿ¸ ‚¸š¸¸¢£÷¸ ‚¸¾£ ¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ monitored, implemented procedures in evaluating the
ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆ½Å Ÿ¸º‰¡¸ ¨¡¸¨¸¬¸¸¡¸ through complex IT Risk based and business
ˆÊÅ¢Í÷¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆ½Å Ÿ¸»¥¡¸¸¿ˆÅ›¸ Ÿ¸Ê
„Ó½©¡¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸, Ÿ¸»¥¡¸¸¿ˆÅ›¸, architecture to support high centric requirements of the
¢¨¸¢ž¸››¸ œÏµ¸¸¢¥¸¡¸¸Ê ‚¸¾£ œÏ¢ÇÅ¡¸¸‚¸Ê ˆÅú volume of business operation Bank.
¢›¸¡¸¿°¸µ¸, ¢›¸Š¸£¸›¸ú, ˆÅ¸¡¸¸Ä›¨¸¡¸›¸
¬¸Ÿ¸^¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ í¸½÷¸ú í¾— by automation and application
ˆ¿ÅŸœ¸¥¸½Æ¬¸ ‚¸ƒÄ ‚¸¢ˆÄÅ’½Æ\¸£ ˆ½Å which are significant towards We have reviewed the various
Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¢ˆÅ¡¸¸ ]¸¸÷¸¸ í¾, ]¸¸½¢ˆÅ ퟸ›¸½ „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä œÏ¤¸¿š¸›¸, œ¸¢£¨¸÷¸Ä›¸ Banking business and plays IT policies and procedures
¤¸ÿ¢ˆ¿ÅŠ¸ ¨¡¸¨¸¬¸¸¡¸ ˆ½Å ¢¥¸‡ ‚÷¡¸¿÷¸ œÏ¤¸¿š¸›¸, œÏµ¸¸¥¸ú ¬¸º£®¸¸, ‹¸’›¸¸ œÏ¤¸¿š¸›¸, a major role as a backbone including user management,
in achieving the Business change management,
Ÿ¸í÷¨¸œ¸»µ¸Ä íÿ ÷¸˜¸¸ ¨¡¸¨¸¬¸¸¡¸ ¥¸®¡¸ ž¸¸¾¢÷¸ˆÅ ‚¸¾£ œ¸¡¸¸Ä¨¸£µ¸ ¬¸º£®¸¸, Ÿ¸¸›¸ˆÅ Objective. system security, incident
ˆÅ¸½ œÏ¸œ÷¸ ˆÅ£›¸½ Ÿ¸Ê ¤¸¾ˆÅ¤¸¸½›¸ ˆ½Å ¬¸Ÿ¸¸›¸ ¬¸¿\¸¸¥¸›¸ œÏ¢ÇÅ¡¸¸, ˆÅ¸¡¸Ä ˆÅ¸ œ¸¼˜¸ÆˆÅ£µ¸, management, physical
The Bank's financial and environment security,
Ÿ¸í÷¨¸œ¸»µ¸Ä ž¸»¢Ÿ¸ˆÅ¸ ¢›¸ž¸¸÷¸½ íÿ— ¤¸ú¬¸úœ¸ú, ”ú‚¸£œ¸ú, ¬¸½¨¸¸ ¬÷¸£ ¬¸Ÿ¸^¸¸¾÷¸½, accounting process in respect standard operating
¬¸º£®¸¸ ›¸ú¢÷¸¡¸¸Ê ¬¸¢í÷¸ ¢¨¸¢ž¸››¸ ‚¸ƒÄ’ú of recognition of Income, procedures, Segregation of
‚¸¡¸ ˆÅú Ÿ¸¸›¡¸÷¸¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¤¸ÿˆÅ classification of Assets duty, BCP, DRP, service level
ˆÅú ¢¨¸î¸ú¡¸ ¥¸½‰¸¸¿ˆÅ›¸ œÏ¢ÇÅ¡¸¸, ›¸ú¢÷¸¡¸¸Ê ‚¸¾£ œÏ¢ÇÅ¡¸¸‚¸Ê ˆÅú ¬¸Ÿ¸ú®¸¸ through IRAC Norms and agreements, security policies
‚¸ƒÄ‚¸£‡¬¸ú Ÿ¸¸›¸™¿”¸Ê ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ˆÅú í¾ ¢]¸¬¸¬¸½ ¡¸í ¬¸º¢›¸¢ä¸÷¸ ¢ˆÅ¡¸¸ ]¸¸ evaluating the performance to ensure these are in line
¬¸ˆ½Å ¢ˆÅ ¡¸í ¬¸ž¸ú ¤¸ÿˆÅ ˆÅú ¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ of the Bank and producing with business requirements
¬¸½ ‚¸¦¬÷¸¡¸¸Ê ˆÅ¸ ¨¸Š¸úĈţµ¸ ÷¸˜¸¸ the desired output through of the Bank and to comply
¤¸ÿˆÅ ˆ½Å œÏ™©¸Ä›¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ‚¸¾£ ¬¸£ˆÅ¸£ ‚¸¾£ various application and other with government and RBI
ˆÅ£›¸½ ‚¸¾£ ¢¨¸¢ž¸››¸ ‡¦œ¥¸ˆ½Å©¸›¸ ˆ½Å ž¸¸£÷¸ú¡¸ ¢£]¸¨¸Ä ¤¸ÿˆÅ ˆ½Å ¢›¸¡¸Ÿ¸¸Ê ˆÅ¸ IT general controls to ensure regulations.
‚›¸ºœ¸¸¥¸›¸ ˆÅú ¢™©¸¸ Ÿ¸Ê í¾— the required business Output
Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¨¸¸¿¢Ž÷¸ ‚¸„’œ¸º’ œÏ™¸›¸ and helps us to arrive at the We have adopted various
ˆÅ£›¸½ ÷¸˜¸¸ ‚›¡¸ ‚¸ƒÄ’ú ¬¸¸Ÿ¸¸›¡¸ Audit conclusion to ensure techniques such as enquiry,
ퟸ¸£½ ׸£¸ ¢¨¸¢ž¸››¸ ÷¸ˆÅ›¸úˆÅ¸Ê ˆÅ¸½ quality performance Financial review of documentation,
¢›¸¡¸¿°¸µ¸ ‚¸¨¸©¡¸ˆÅ ¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ
‚œ¸›¸¸¡¸¸ Š¸¡¸¸ ]¸¾¬¸½ ¢ˆÅ ]¸¸¿\¸-œ¸”õ÷¸¸¥¸; & Accounting Processes. record, reports, observation,
‚¸„’œ¸º’ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ and re performance of
ퟸ¸£½ œ¸£ú®¸µ¸ ˆ½Å ¢¥¸‡ œ¸¡¸¸Äœ÷¸ ›¸Ÿ¸»›¸½ We have identified various various application controls
‚¸¾£ Š¸ºµ¸¨¸î¸¸ œÏ™©¸Ä›¸ ¢¨¸î¸ú¡¸ ‚¸¾£
¥¸½ˆÅ£ ¢¨¸¢ž¸››¸ ‡¦œ¥¸ˆ½Å©¸›¸ ¢›¸¡¸¿°¸µ¸¸Ê application and control by taking adequate samples
¥¸½‰¸¸ œÏ¢ÇÅ¡¸¸‚¸Ê ˆÅ¸½ ¬¸º¢›¸¢ä¸÷¸ ˆÅ£›¸½ framework in implementing of instances for our test. We
ˆ½Å ™¬÷¸¸¨¸½{¸úˆÅ£µ¸, ‚¢ž¸¥¸½‰¸, ¢£œ¸¸½’Ä,
ˆ½Å ¢¥¸‡ ¥¸½‰¸¸ œ¸£ú®¸¸ ¢›¸«ˆÅ«¸Ä œ¸£ various products and have also tested validation
‚¨¸¥¸¸½ˆÅ›¸ ‚¸¾£ œ¸º›¸À œÏ™©¸Ä›¸ ˆÅú schemes which covers checks using negative testing
œ¸íº¿\¸›¸½ í½÷¸º ퟸ¸£ú ¬¸í¸¡¸÷¸¸ ˆÅ£÷¸¸
¬¸Ÿ¸ú®¸¸— ퟸ›¸½ ¢›¸Š¸½¢’¨¸ ]¸¸¿\¸ ÷¸ˆÅ›¸úˆÅ ˆ½Å majority of Bank’s business technique.
í¾— and hence we consider
„œ¸¡¸¸½Š¸ ¬¸½ ¨¸¾š¸÷¸¸ ˆÅú ]¸¸¿\¸ ˆÅ¸ œ¸£ú®¸µ¸
Information Technology We have tested various
ퟸ›¸½ ¢¨¸¢ž¸››¸ „÷œ¸¸™¸Ê ‚¸¾£ ž¸ú ¢ˆÅ¡¸¸ Š¸¡¸¸— Systems and Control as a compensating controls
¡¸¸½]¸›¸¸‚¸Ê ˆÅ¸½ ¥¸¸Š¸» ˆÅ£›¸½ Ÿ¸Ê ¢¨¸¢ž¸››¸ Key Audit Matter. and performed alternate
‚›¸ºœÏ¡¸¸½Š¸ ‚¸¾£ ¢›¸¡¸¿°¸µ¸ [¸¿\¸½ ˆÅú ퟸ¸£½ ׸£¸ ¢¨¸¢ž¸››¸ ®¸¢÷¸œ¸»¢÷¸Ä ¢›¸¡¸¿°¸µ¸¸Ê procedures which were
necessary and gathered
œ¸í\¸¸›¸ ˆÅú í¾ ]¸¸½ ¤¸ÿˆÅ ¨¡¸¨¸¬¸¸¡¸ ˆ½Å ˆÅ¸ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ ¨¸¾ˆÅ¦¥œ¸ˆÅ a comprehensive
‚¢š¸ˆÅ¸¿©¸ ž¸¸Š¸ ˆÅ¸½ ˆÅ¨¸£ ˆÅ£÷¸½ íÿ œÏ¢ÇÅ¡¸¸‚¸Ê ˆÅ¸ ¢›¸«œ¸¸™›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ]¸¸½ understanding of IT
‚¸¾£ ƒ¬¸¢¥¸‡ ퟸ ¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú ‚¸¨¸©¡¸ˆÅ ˜¸½ ‚¸¾£ ¤¸ÿˆÅ ׸£¸ ˆÅ¸¡¸¸Ä¦›¨¸÷¸ applications landscape
implemented by the Bank.
œÏµ¸¸¢¥¸¡¸¸Ê ‚¸¾£ ¢›¸¡¸¿°¸µ¸ ˆÅ¸½ ‡ˆÅ ¬¸»\¸›¸¸ œÏ¸¾Ô¸¸½¢Š¸ˆÅú œÏ¡¸¸½Š¸ œ¸¢£´©¡¸ ˆÅú It was followed by process
Ÿ¸º‰¡¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ³Åœ¸ Ÿ¸Ê Ÿ¸¸›¸÷¸½ ¨¡¸¸œ¸ˆÅ ¬¸Ÿ¸^¸ ‡ˆÅ¢°¸÷¸ ˆÅú— ƒ¬¸ˆ½Å ¤¸¸™ understanding mapping of
íÿ— œÏ¡¸¸½Š¸ ˆÅú Ÿ¸¾¢œ¸¿Š¸ ˆÅ¸½ ¬¸Ÿ¸^¸›¸½ ‚¸¾£ ¥¸¸½Š¸¸Ê, application to the same and
œÏ¢ÇÅ¡¸¸ ‚¸¾£ œÏ¸¾Ô¸¸½¢Š¸ˆÅú ׸£¸ „÷œ¸››¸ understanding financial risk
posed by people, process
¢¨¸î¸ú¡¸ ]¸¸½¢‰¸Ÿ¸ ˆÅ¸½ ¬¸Ÿ¸^¸›¸½ ˆÅú œÏ¢ÇÅ¡¸¸ and technology.
ˆÅ¸ œ¸¸¥¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸—

206
Jeeef<e&keÀ efjHeesì& 2020-21

ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ œÏŸ¸º‰¸ How our Audit procedures
S.
Key Audit Matters addressed the Key Audit
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ No
Matters
¢ˆÅ¡¸¸
We have also assessed
ퟸ¸£½ ׸£¸ œ¸¸¬¸¨¸”Ä ›¸ú¢÷¸¡¸¸Ê, ¬¸º£®¸¸ areas including password
policies, security configuration,
ˆÅ¸Á¦›ûöÅŠ¸£½©¸›¸, ¢¬¸¬’Ÿ¸ ƒ¿’£ûö½Å¬¸ ]¸¾¬¸½ system interface controls over
‡œ¥¸úˆ½Å©¸›¸ ‚¸¾£ ”½’¸¤¸½¬¸ ‚¸¾£ „¬¸ changes to applications and
¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä‚¸Ê ˆ½Å œ¸¢£¨¸÷¸Ä›¸¸Ê databases and that business
users and controls to ensure
œ¸£ ¢›¸¡¸¿°¸µ¸ ˆÅ¸ ž¸ú ‚¸ˆÅ¥¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ that developers and production
÷¸˜¸¸ ¡¸í ¢›¸¡¸¿°¸µ¸ ¬¸º¢›¸¢ä¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ¢ˆÅ support did not have access
”½¨¸¥¸œ¸¬¸Ä ‚¸¾£ œÏ¸½”Æ©¸›¸ ¬¸œ¸¸½’Ä ˆ½Å œ¸¸¬¸ to change applications,
the operating systems or
‡œ¥¸úˆ½Å©¸›¸ ˆÅ¸½ ¤¸™¥¸›¸½ ˆ½Å ¢¥¸‡ œ¸íº¿\¸ ›¸íú¿ databases in the production
í¾, ˆÅ¸¡¸¸½ô ˆÅ¸ ¬¸Ÿ¸º¢\¸÷¸ œ¸¼˜¸ÆˆÅ£µ¸ ¬¸º¢›¸¢ä¸÷¸ environment to ensure proper
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ œÏ¸½”Æ©¸›¸ ¨¸¸÷¸¸¨¸£µ¸ Ÿ¸Ê segregation of duties is in place
as per the SOP.
‚¸Áœ¸£½¢’¿Š¸ ¢¬¸¬’Ÿ¸ ¡¸¸ ”½’¸¤¸½¬¸, ‡¬¸‚¸½œ¸ú ˆ½Å
We have tested certain
‚›¸º¬¸¸£ ¤¸›¸¸¡¸¸ Š¸¡¸¸ í¾— critical aspects of cyber
security on network security
ퟸ¸£½ ׸£¸ ›¸½’¨¸ˆÄÅ ¬¸º£®¸¸ œÏ¤¸¿š¸›¸ ÷¸¿°¸ management mechanism,
œ¸£ ¬¸¸ƒ¤¸£ ¬¸º£®¸¸ ˆ½Å ˆºÅŽ Ÿ¸í÷¨¸œ¸»µ¸Ä operational security of key
information infrastructure,
œ¸í¥¸º‚¸Ê, œÏŸ¸º‰¸ ¬¸»\¸›¸¸ ‚¨¸¬¸¿£\¸›¸¸ data and client information
ˆ½Å œ¸¢£\¸¸¥¸›¸ ¬¸º£®¸¸, ”½’¸ ‚¸¾£ management, monitoring and
Æ¥¸¸ƒ¿’ ¬¸»\¸›¸¸ œÏ¤¸¿š¸›¸, ¢›¸Š¸£¸›¸ú ‚¸¾£ emergency management.
through certain data
‚¸œ¸¸÷¸ˆÅ¸¥¸ú›¸ œÏ¤¸¿š¸›¸ ˆÅ¸½ ퟸ¸£½ ׸£¸ drill conducted by the
‚¸¡¸¸½¢]¸÷¸ ˆºÅŽ ”½’¸ ¢”兩 ˆ½Å Ÿ¸¸š¡¸Ÿ¸ Management and scrutinused
¬¸½ ‚¸¾£ ‚¸¨¸©¡¸ˆÅ œ¸¢£µ¸¸Ÿ¸¸Ê ˆÅú ÷¸º¥¸›¸¸ by us and comparing the
required results.
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ œ¸£ú®¸µ¸ ¢ˆÅ¡¸¸ í¾—
We have also assessed
the requirement of the
ퟸ¸£½ ׸£¸ ˆÅ¸½¢¨¸”-19 ˆ½Å œÏž¸¸¨¸ ˆ½Å ˆÅ¸£µ¸ implementation of Business
¤¸ÿˆÅ ׸£¸ ©¸º³Å ˆÅú Š¸ƒÄ ¨¡¸¸œ¸¸£ ¢›¸£¿÷¸£÷¸¸ Continuity Plan initiated by the
¡¸¸½]¸›¸¸ ˆ½Å ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆÅú ‚¸¨¸©¡¸ˆÅ÷¸¸ ˆÅ¸ Bank due to impact of COVID
-19 pandemic and ensured
ž¸ú Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ‚¸¾£ ˆÅ¸½¢¨¸”-19 sustainability and growth under
ˆÅú œ¸¢£¦¬˜¸¢÷¸¡¸¸Ê ˆ½Å ‚¿÷¸Š¸Ä÷¸ ¢›¸£¿÷¸£÷¸¸ ÷¸˜¸¸ COVID -19 circumstances.
¨¸¼¢Ö ¬¸º¢›¸¢ä¸÷¸ ˆÅú— We have verified the testing
report carried out by the
ퟸ›¸½ œÏ¤¸¿š¸›¸ ׸£¸ ‚¢š¸ˆÅ ¬¸Ÿ¸ŠÏ, ¨¡¸¸œ¸ˆÅ Management on risk of
implementation of security
÷¸£úˆ½Å ¬¸½ ¢ˆÅ‡ Š¸‡ ¬¸º£®¸¸ ¢›¸¡¸¿°¸µ¸ ˆ½Å
control in a more holistic,
ˆÅ¸¡¸¸Ä›¨¸¡¸›¸ ˆ½Å ]¸¸½¢‰¸Ÿ¸ ˆÅ¸ œ¸£ú®¸µ¸ comprehensive way,
¢ˆÅ¡¸¸ í¾, ÷¸¸¢ˆÅ ¬¸º¢›¸¢ä¸÷¸ í¸½ ¢ˆÅ ¬¸ž¸ú ensuring that all business
decisions are based on
¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ ¢›¸µ¸Ä¡¸ ¤¸ÿˆÅ ˆ½Å „Ó½©¡¸ proper Risk assessment and
œ¸£ ‚¢›¸¢ä¸÷¸÷¸¸‚¸Ê ˆ½Å ¬¸Ÿ¸ŠÏ œÏž¸¸¨¸ ˆÅ¸½ management considering the
™½‰¸÷¸½ íº‡ „¢\¸÷¸ ]¸¸½¢‰¸Ÿ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ‚¸¾£ overall effect of uncertainties
on the Bank's Objective.
œÏ¤¸¿š¸›¸ œ¸£ ‚¸š¸¸¢£÷¸ íÿ—
4. Provisions and Contingent We have obtained an
4. œÏ¸¨¸š¸¸›¸ ‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ퟸ›¸½ ƒ¬¸ ¦¬˜¸¢÷¸ ˆ½Å ‚›¸ºˆ»Å¥¸ „¢\¸÷¸ Liability: understanding of Internal
Controls relevant to the
™½¡¸÷¸¸‡¿ À ¥¸½‰¸¸œ¸£ú®¸¸ ˆÅ¸¡¸Ä¢¨¸¢š¸¡¸¸Ê ˆÅ¸ ¢›¸š¸¸Ä£µ¸ Assessment of Provisions audit in order to design
and Contingent Liability our audit procedures that
‚›¡¸ œ¸®¸¸Ê ׸£¸ ™¸¡¸£ ¢ˆÅ‡ Š¸‡ ™¸¨¸½ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¥¸½‰¸¸œ¸£ú®¸¸ ˆ½Å ¬¸¿¤¸Ö in respect of certain are appropriate in the
¢]¸›íÊ †µ¸ ˆ½Å ³Åœ¸ Ÿ¸Ê ›¸íú¿ Ÿ¸¸›¸¸ Š¸¡¸¸ ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸¸Ê ˆÅ¸½ ¬¸Ÿ¸^¸ ¢¥¸¡¸¸ í¾— litigations on various claims circumstances.
í¾, ˆ½Å ˆÅ¢÷¸œ¸¡¸ ‚™¸¥¸÷¸ú Ÿ¸¸Ÿ¸¥¸¸Ê Ÿ¸Ê Ÿ¸ºˆÅ™Ÿ¸¸Ê/ ˆÅ£ ¢›¸š¸¸Ä£µ¸¸Ê ˆÅú ¨¸÷¸ÄŸ¸¸›¸ filed by other parties not
acknowledged as debt (Note Understanding the current
œÏ¸¨¸š¸¸›¸¸Ê ‚¸¾£ ‚¸ˆÅ¦¬Ÿ¸ˆÅ ™½¡¸÷¸¸‚¸Ê ¦¬˜¸¢÷¸ ˆÅ¸½ ¬¸Ÿ¸^¸›¸¸— ¢¨¸¢ž¸››¸ ˆÅ£ No. 11 of Schedule 17) status of the litigations / tax
ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸—(‚›¸º¬¸»\¸ú 17 ˆÅú ›¸¸½’ œÏ¸¢š¸ˆÅ£µ¸¸Ê/ ›¡¸¸¢¡¸ˆÅ Ÿ¸¿\¸¸Ê ¬¸½ œÏ¸œ÷¸
assessments. Examining
ÇÅ.11) ¨¸÷¸ÄŸ¸¸›¸ ‚¸™½©¸¸Ê ‚¸¾£ ¬¸¿œÏ½«¸µ¸¸Ê ˆÅú ]¸¸¿\¸ recent orders and
communications received
ˆÅ£›¸¸ ‚¸¾£ „¬¸ œ¸£ ‚›¸º¨¸÷¸úÄ ˆÅ¸£Ä¨¸¸ƒÄ from various tax authorities /
ˆÅ£›¸¸; judicial forums and follow up
actions thereon;

207
 Annual Report 2020-21

ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ œÏŸ¸º‰¸ How our Audit procedures
S.
Key Audit Matters addressed the Key Audit
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸ No
Matters
¢ˆÅ¡¸¸
There is high level of Evaluated the merit of
œÏ¸¨¸š¸¸›¸ ˆ½Å ¬÷¸£ ˆÅ¸ ‚›¸ºŸ¸¸›¸ œÏ¬÷¸º÷¸ ¢ˆÅ‡ Š¸‡ ˆÅ¸£µ¸¸Ê ˆ½Å ¬¸¿™ž¸Ä Ÿ¸Ê „œ¸¥¸¤š¸ judgement required in the subject matter under
¥¸Š¸¸›¸½ Ÿ¸Ê „\\¸ ¬÷¸£ ˆ½Å ¢›¸µ¸Ä¡¸ ˆÅú ¢¨¸©¸½«¸±¸¸Ê ˆÅú £¸¡¸ ¬¸¢í÷¸ ¬¨¸÷¸¿°¸ ˆÅ¸›¸»›¸ú/ estimating the level of consideration with reference
provisioning. The Bank's to the grounds presented
‚¸¨¸©¡¸ˆÅ÷¸¸ í¸½÷¸ú í¾— ¤¸ÿˆÅ ˆÅ¸ ˆÅ£ ¬¸¥¸¸í ˆ½Å ‚¸š¸¸£ œ¸£ ¢¨¸\¸¸£¸š¸ú›¸ ¢¨¸«¸¡¸ assessment is supported therein and available
Ÿ¸»¥¡¸¸¿ˆÅ›¸ Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ÷¸˜¡¸¸Ê, ‚œ¸›¸½ ¨¸¬÷¸º ˆÅú ¡¸¸½Š¡¸÷¸¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— by the facts of matter, independent legal / tax advice
¬¨¸¡¸¿ ˆ½Å ¢›¸µ¸Ä¡¸, ¢œ¸Ž¥¸½ ‚›¸ºž¸¨¸ ‚¸¾£ \¸\¸¸Ä, ¢¨¸\¸¸£¸š¸ú›¸ Ÿ¸¸Ÿ¸¥¸½ ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ ¢¨¸«¸¡¸ their own judgement, past including opinion of experts.
experience, and advice Review and analysis of
ˆÅ¸›¸»›¸ú ¨¸ ¬¨¸÷¸¿°¸ ¢¨¸©¸½«¸±¸¸Ê ¬¸½ ¬¸¥¸¸í, ¨¸¬÷¸º ˆÅ¸ ¬¸¿ŠÏíµ¸, ¬¸¿ž¸¸¢¨¸÷¸ œ¸¢£µ¸¸Ÿ¸ ‚¸¾£ from legal and independent evaluation of the contentions
]¸í¸¿ ž¸ú ‚¸¨¸©¡¸ˆÅ í¸½, ׸£¸ ¬¸Ÿ¸¢˜¸Ä÷¸ œ¸¢£µ¸¸Ÿ¸ú ¬¸¿ž¸¸¢¨¸÷¸ ¤¸¢í¨¸¸Äí ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ experts wherever considered of the Bank through
í¾— ÷¸™›¸º¬¸¸£, ‚›¸œ¸½¢®¸÷¸ œÏ¢÷¸ˆ»Å¥¸ ¤¸ÿˆÅ ˆ½Å ÷¸ˆÄÅ ˆ½Å Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆÅú ¬¸Ÿ¸ú®¸¸ ‚¸¾£ necessary. Accordingly, discussions, collection of
unexpected adverse details of the subject matter
œ¸¢£µ¸¸Ÿ¸ ¤¸ÿˆÅ ׸£¸ ¢£œ¸¸½’Ä ¢ˆÅ‡ Š¸‡ ¢¨¸©¥¸½«¸µ¸ ˆÅ£›¸¸— outcomes may significantly under consideration, the likely
¥¸¸ž¸ ‚¸¾£ ÷¸º¥¸›¸œ¸°¸ Ÿ¸Ê œÏ¬÷¸º÷¸ ¢ˆÅ‡ impact the Bank's reported outcome and consequent
Ÿ¸í÷¨¸œ¸»µ¸Ä Ÿ¸ºˆÅ™Ÿ¸¸Ê ‚¸¾£ ˆÅ£¸š¸¸›¸ Ÿ¸¸Ÿ¸¥¸¸Ê ¬¸½ profit and state of affairs potential outflows on those
Š¸‡ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅú ¦¬˜¸¢÷¸ ˆÅ¸½ Ÿ¸í÷¨¸œ¸»µ¸Ä ¬¸¿¤¸¿¢š¸÷¸ œÏˆÅ’›¸¸Ê ˆÅ¸½ ¬¸÷¡¸¸¢œ¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— presented in Balance Sheet. issues.
³Åœ¸ ¬¸½ œÏž¸¸¢¨¸÷¸ ˆÅ£ ¬¸ˆÅ÷¸½ íÿ—
÷¸™›¸º¬¸¸£, ퟸ¸£ú ¥¸½‰¸¸œ¸£ú®¸¸ Ÿ¸Ê ¢¨¸\¸¸£¸š¸ú›¸ We determined the above Verified the disclosures
ퟸ›¸½ ƒ›¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å œ¸¢£µ¸¸Ÿ¸ ¬¸½ ¢¨¸«¸¡¸ ˆ½Å ÷¸˜¡¸¸Ê ˆÅ¸ ¢¨¸©¥¸½«¸µ¸ ˆÅ£›¸½ ‚¸¾£ area as a Key Audit Matter related to significant litigations
¬¸¿¤¸¿¢š¸÷¸ ‚¢›¸¢ä¸÷¸÷¸¸ ˆÅ¸½ š¡¸¸›¸ Ÿ¸Ê ¢›¸µ¸Ä¡¸/ ˆÅ¸›¸»›¸ ˆ½Å ¢¨¸¨¸½\¸›¸ œ¸£ š¡¸¸›¸ ˆÊÅ¢Í÷¸ in view of associated and taxation matters.
uncertainty relating to
£‰¸÷¸½ íº‡ „œ¸£¸½Æ÷¸ ®¸½°¸ ˆÅ¸ ¢›¸š¸¸Ä£µ¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ ˜¸¸— outcome of these matters Accordingly, our audit was
‡ˆÅ œÏŸ¸º‰¸ ¥¸½‰¸¸œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ˆ½Å which requires application of focused on analysing the
³Åœ¸ Ÿ¸Ê ¢ˆÅ¡¸¸, ¢]¸¬¸ˆ½Å ¢¥¸‡ ˆÅ¸›¸»›¸ ˆÅú judgement in interpretation of facts of subject matter
Law. under consideration and
¨¡¸¸‰¡¸¸ Ÿ¸Ê ¢›¸µ¸Ä¡¸ ˆÅ¸½ ¥¸¸Š¸» ˆÅ£›¸½ ˆÅú judgements / interpretation of
‚¸¨¸©¡¸ˆÅ÷¸¸ í¸½÷¸ú í¾— law involved.
5. ˆÅ¸½¢¨¸”-19 œÏˆÅ¸½œ¸ ˆ½Å ‚¸¥¸¸½ˆÅ ˆÅ¸½¢¨¸”-19 Ÿ¸í¸Ÿ¸¸£ú ˆ½Å ˆÅ¸£µ¸ ퟸ›¸½ 5. Modified Audit Procedures Due to the COVID-19
¥¸½‰¸¸œ¸£ú®¸¸ £¸¡¸ ¤¸›¸¸›¸½ ‚¸¾£ „¢\¸÷¸ carried out in light of Pandemic, we carried out
Ÿ¸Ê ‚œ¸›¸¸ƒÄ Š¸ƒÄ ¬¸¿©¸¸½¢š¸÷¸ COVID-19 outbreak: modified audit procedures to
¥¸½‰¸¸œ¸£ú®¸¸ ˆÅ¸¡¸Ä¢¨¸¢š¸ À ‚¸æ¸¸¬¸›¸ œÏ¸œ÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¬¸¿©¸¸½¢š¸÷¸ obtain reasonable assurance
¥¸½‰¸¸œ¸£ú®¸¸ ˆÅ¸¡¸Ä¢¨¸¢š¸ ¬¸¿œ¸¸¢™÷¸ ˆÅú— In view of the COVID-19 to form an audit opinion. To
ˆÅ¸½¢¨¸”-19 Ÿ¸í¸Ÿ¸¸£ú ˆ½Å ˆÅ¸£µ¸ ˆÊÅÍ/ pandemic, lockdown and carry out modified audit
¬¸¿©¸¸½¢š¸÷¸ ¥¸½‰¸¸œ¸£ú®¸¸ ˆÅ¸¡¸Ä¢¨¸¢š¸ ˆÅ¸½ travel restrictions imposed by
£¸]¡¸ ¬¸£ˆÅ¸£/ ¬˜¸¸›¸ú¡¸ œÏ¸¢š¸ˆÅ£µ¸¸Ê procedure, the Bank has
œ¸»£¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ›¸½ ¥¸½‰¸¸œ¸£ú®¸¸ ˆ½Å Central / State Government made available to us a
׸£¸ ퟸ¸£½ ¥¸½‰¸¸œ¸£ú®¸¸ ‚¨¸¢š¸ ˆ½Å / Local Authorities during the
¢¥¸‡ ‚¸¨¸©¡¸ˆÅ ¢£œ¸¸½’¸½ô ‚¸¾£ ™¬÷¸¸¨¸½]¸¸Ê customized intranet portals
™¸¾£¸›¸ ¥¸Š¸¸‡ Š¸‡ ¥¸¸ÁˆÅ”¸„›¸ ‚¸¾£ period of our audit, the Bank hosted on Bank's network
ˆÅ¸½ ™½‰¸›¸½ ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆ½Å ›¸½’¨¸ˆÄÅ œ¸£ íŸ¸Ê to facilitated carrying out
¡¸¸°¸¸ œÏ¢÷¸¤¸¿š¸¸Ê ˆ½Å ˆÅ¸£µ¸ ž¸¸¾¢÷¸ˆÅ ³Åœ¸ enabling us to access reports
‡ˆÅ ˆÅ¬’Ÿ¸¸ƒÄ]” ƒ¿’︛¸½’ œ¸¸½’Ä¥¸ „œ¸¥¸¤š¸ audit remotely as physical and documents we sought
¬¸½ ©¸¸‰¸¸ ˆÅ¸½ ž¸Ê’ ™½›¸¸ ¬¸¿ž¸¨¸ ›¸íú¿ ˜¸¸— access was prohibited,
ˆÅ£¸¡¸¸ í¾— necessary for the purpose of
‚÷¸À ¤¸ÿˆÅ¸Ê ˆÅ¸½ ¥¸½‰¸¸œ¸£ú®¸¸ ‚›¡¸ therefore audit could not be Audit.
conducted by visiting the
¬˜¸¸›¸ ¬¸½ ˆÅ£›¸½ ˆ½Å ¢›¸™½Ä©¸ ]¸¸£ú ¢ˆÅ‡ ퟸ¸£½ ¬¸¿©¸¸½¢š¸÷¸ ¥¸½‰¸¸œ¸£ú®¸¸ ˆÅ¸¡¸Ä¢¨¸¢š¸ premises of many Branches Our modified audit procedure
Š¸‡— œ¸¢£µ¸¸Ÿ¸¬¨¸³Åœ¸ ¤¸ÿˆÅ ˆÅú ˆÅƒÄ Ÿ¸Ê ¢›¸Ÿ›¸¢¥¸¢‰¸÷¸ ©¸¸¢Ÿ¸¥¸ í¾; / Zones / HO of the bank. included;
©¸¸‰¸¸‚¸Ê/ ‚¿\¸¥¸¸Ê/ œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ As we could not obtain
audit evidence in person 1. Conducted verification
ˆ½Å œ¸¢£¬¸£ ˆÅ¸½ ž¸Ê’ ™½ˆÅ£ ¥¸½‰¸¸œ¸£ú®¸¸ 1. ˆÅ¸½¢¨¸”-19 ˆ½Å ˆÅ¸£µ¸ ]¸í¸¿ ž¸¸¾¢÷¸ˆÅ / physically and personal of necessary records /
¬¸¿œ¸››¸ ›¸íú¿ ˆÅú ]¸¸ ¬¸ˆÅú— \¸»¿¢ˆÅ ²Åœ¸ ¬¸½ ]¸¸›¸¸ ¢›¸¢«¸Ö ˜¸¸, ¤¸ÿˆÅ ˆÅú interactions with the officials documents / CBS and
ퟸ ¨¡¸¢Æ÷¸Š¸÷¸/ ž¸¸¾¢÷¸ˆÅ ³Åœ¸ ¬¸½ „›¸ ©¸¸‰¸¸‚¸Ê/ ‚¿\¸¥¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê at the Branches / Zone / Head other application software
¢£Ÿ¸¸½’ ‡Æ¬¸½¬¸/ ƒÄ-Ÿ¸½¥¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ Office, accordingly our Audit electronically through
¥¸½‰¸¸œ¸£ú®¸¸ ˆ½Å ¬¸¸®¡¸ œÏ¸œ÷¸ ›¸íú¿ procedures were modified to remote access / emails
ˆÅ£ ¬¸ˆÊÅ ‚¸¾£ ©¸¸‰¸¸‚¸Ê/ ‚¿\¸¥¸/ ‚¸¨¸©¡¸ˆÅ ‚¢ž¸¥¸½‰¸¸Ê/ ™¬÷¸¸¨¸½]¸¸Ê/ carry out the Audit remotely. in respect of some of the
œÏš¸¸›¸ ˆÅ¸¡¸¸Ä¥¸¡¸ ˆ½Å œ¸™¸¢š¸ˆÅ¸¢£¡¸¸Ê ¬¸ú¤¸ú‡¬¸ ‚¸¾£ ‚›¡¸ ‡¦œ¥¸ˆ½Å©¸›¸ Branches / zones of the
We have identified such Bank wherever physical
¬¸½ ¨¡¸¢Æ÷¸Š¸÷¸ ³Åœ¸ ¬¸½ \¸\¸¸Ä ž¸ú ›¸íú¿ ¬¸¸ÁÉ’¨¸½¡¸£ ˆÅ¸ ƒ¥¸½Æ’ï¸Á¢›¸ˆÅ ³Åœ¸ ¬¸½ modified Audit Procedure as access was prohibited
ˆÅú ]¸¸ ¬¸ˆÅú— ÷¸™›¸º¬¸¸£, ퟸ¸£ú ¬¸÷¡¸¸œ¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸— Key Audit Matter. due to COVID-19.
¥¸½‰¸¸œ¸£ú®¸¸ ˆÅ¸¡¸Ä¢¨¸¢š¸ ˆÅ¸½ ‚›¡¸ 2. Obtained and carried out
2. ™¬÷¸¸¨¸½]¸¸Ê, ¢¨¸¥¸½‰¸, œÏŸ¸¸µ¸œ¸°¸ ‚¸¾£
¬˜¸¸›¸¸Ê ¬¸½ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¬¸¿©¸¸½¢š¸÷¸ verification of scanned
‚›¡¸ ¬¸¿¤¸¿¢š¸÷¸ ‚¢ž¸¥¸½‰¸¸Ê ˆÅú ¬ˆ¾Å›¸ copies of documents,
¢ˆÅ¡¸¸ Š¸¡¸¸—
œÏ¢÷¸¡¸¸¿ œÏ¸œ÷¸ ˆÅú Š¸ƒÄ ‚¸¾£ œÏ¢÷¸¡¸¸Ê ˆÅ¸ deeds, certificates, and
ퟸ›¸½ ‡½¬¸ú ¬¸¿©¸¸½¢š¸÷¸ ¥¸½‰¸¸œ¸£ú®¸¸ ¬¸÷¡¸¸œ¸›¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ — other related records.
ˆÅ¸¡¸Ä¢¨¸¢š¸ ˆÅú œ¸í\¸¸›¸ œÏŸ¸º‰¸ 3. Made enquiries to
¥¸½‰¸¸œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ³Åœ¸ Ÿ¸Ê ˆÅú í¾— 3. ¨¸ú¢”¡¸¸½ ˆÅ¸Á›üÊÅ¢¬¸¿Š¸, ¬¸¿¨¸¸™¸Ê ‚¸¾£ obtain necessary audit
ûŸ½›¸ ˆÅ¸Á¥¸/ ˆÅ¸Á›üÊŬ¸ ˆÅ¸Á¥¸, ƒÄ-Ÿ¸½¥¸ evidence through video
‚¸¾£ ƒ¬¸ú ÷¸£í ˆ½Å ¬¸¿\¸¸£ \¸¾›¸¥¸¸Ê conferencing, dialogues,
and discussions over
œ¸£ \¸\¸¸Ä ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ‚¸¨¸©¡¸ˆÅ phone calls / conference
¥¸½‰¸¸œ¸£ú®¸¸ ¬¸¸®¡¸ œÏ¸œ÷¸ ˆÅ£›¸½ ˆ½Å calls, emails, and similar
¢¥¸‡ œ¸»Ž÷¸¸Ž ˆÅú Š¸ƒÄ— communication channels.

208
Jeeef<e&keÀ efjHeesì& 2020-21
ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ œÏ¢ÇÅ¡¸¸ ›¸½ œÏŸ¸º‰¸
ÇÅ. œÏŸ¸º‰¸ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸½ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸½ ˆ¾Å¬¸½ ¬¸¿¤¸¸½¢š¸÷¸
¢ˆÅ¡¸¸
4. ퟸ¸£ú ¥¸½‰¸¸œ¸£ú®¸¸ ¢’œœ¸¢µ¸¡¸¸Ê ˆÅ¸ ¬¸Ÿ¸¸š¸¸›¸
œ¸™›¸¸¢Ÿ¸÷¸ œ¸™¸¢š¸ˆÅ¸¢£¡¸¸Ê ˆ½Å ¬¸¸˜¸ ‚¸Ÿ¸›¸½-
¬¸¸Ÿ¸›¸½ ˆÅú \¸\¸¸Ä ˆÅú ¤¸]¸¸¡¸ ’½¥¸úûŸ½›¸/ ƒÄ-
Ÿ¸½¥¸ ˆ½Å Ÿ¸¸š¡¸Ÿ¸ ¬¸½ ¢ˆÅ¡¸¸ Š¸¡¸¸—
¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ‚¸¾£ „›¸ œ¸£ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ˆÅú ¢£œ¸¸½’Ä ˆ½Å ‚¥¸¸¨¸¸
‚›¡¸ ]¸¸›¸ˆÅ¸£ú
6. ‚›¡¸ ]¸¸›¸ˆÅ¸£ú ˆ½Å ¢¥¸‡ ¤¸ÿˆÅ ˆÅ¸ ¢›¸™½©¸ˆÅ Ÿ¸¿”¥¸ ¢]¸ŸŸ¸½™¸£ í¾— ‚›¡¸ ]¸¸›¸ˆÅ¸£ú Ÿ¸Ê
¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ ‚¸¾£ „›¸ œ¸£ ퟸ¸£½ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ˆÅú ¢£œ¸¸½’Ä ‚¸¾£ ¤¸½¬¸¥¸
III œÏˆÅ’úˆÅ£µ¸ ˆ½Å ÷¸í÷¸ ¬÷¸¿ž¸ III œÏˆÅ’úˆÅ£µ¸ ˆ½Å ‚¥¸¸¨¸¸ ‚›¡¸ ]¸¸›¸ˆÅ¸£ú ©¸¸¢Ÿ¸¥¸
í¾—
¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ œ¸£ ퟸ¸£ú £¸¡¸ ‚›¡¸ ]¸¸›¸ˆÅ¸£ú ‚¸¾£ ¤¸½¬¸¥¸ III
œÏˆÅ’úˆÅ£µ¸ ˆ½Å ÷¸í÷¸ ¢œ¸¥¸£ III œÏˆÅ’úˆÅ£µ¸ ˆÅ¸½ ˆÅ¨¸£ ›¸íú¿ ˆÅ£÷¸ú í¾, ퟸ „¬¸ œ¸£
¢ˆÅ¬¸ú œÏˆÅ¸£ ˆÅ¸ ‚¸æ¸¸¬¸›¸ ¢›¸«ˆÅ«¸Ä ¨¡¸Æ÷¸ ›¸íú¿ ˆÅ£÷¸½ íÿ—
¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê, ퟸ¸£ú ¢]¸ŸŸ¸½™¸£ú
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209
How our Audit procedures
S.
Key Audit Matters addressed the Key Audit
No
Matters
4. Resolved our
audit observations
telephonically / through
email instead of a face-to-
face interaction with the
designated officials.
Information other than the Consolidated Financial Statements
and Auditors’ Report thereon
6. The Bank’s Board of Directors is responsible for other
information. The other information comprises the information
other than Consolidated Financial Statements and our Auditors’
Report thereon and the Pillar III disclosure under the Basel III
disclosures.
Our opinion on the Consolidated Financial Statements does
not cover the other information and Pillar III disclosures under
Basel III Disclosures we do not express any form of assurance
conclusion thereon.
In connection with our Audit of the Consolidated Financial
Statements, our responsibility is to read the other information
and, in doing so, consider whether the other information
is materially inconsistent with the Consolidated Financial
Statements or our knowledge obtained in the audit or otherwise
appears to be materially misstated.
When we read the Other Information, if we conclude that there is
material misstatement therein, we are required to communicate
the matters to 'Those charged with Governance'.
Responsibilities of Management and Those Charged with
Governance for the Consolidated Financial Statements
7. The Bank’s Board of Directors is responsible with respect to
the preparation of these Consolidated Financial Statements
that give a true and fair view of the Consolidated financial
position, Consolidated financial performance and Consolidated
cash flows of the Group including its associate in accordance
with the accounting principles generally accepted in India and
in accordance with the Accounting Standard 21- "Consolidated
Financial Statements", and Accounting Standard 23 - "Accounting
for Investment in Associates in Consolidated Financial
Statements", issued by Institute of Chartered Accountants of
India, and provisions of Section 29 of the Banking Regulation
Act, 1949 and circulars and guidelines issued by the Reserve
Bank of India (‘RBI’) from time to time. The respective Board of
Directors of the entities included in the group and its associate
are responsible for maintenance of adequate accounting records
in accordance with the provisions of the Act for safeguarding of
the assets of the Group and for preventing and detecting frauds
and other irregularities; selection and application of appropriate
accounting policies; making judgments and estimates that
are reasonable and prudent; and design, implementation and
maintenance of adequate internal financial controls, that were
operating effectively for ensuring the accuracy and completeness
of the accounting records, relevant to the preparation and
presentation of the Financial Statements that give a true and
fair view and are free from material misstatement, whether
due to fraud or error, which have been used for the purpose of
presentation of the Consolidated Financial Statements by the
Directors of the Bank, as aforesaid .
In preparing the Consolidated Financial Statements, the
respective Board of Directors of the entities included in the
Group and its associate are responsible for assessing the ability

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• ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê œ¸£ Ÿ¸÷¸ ¨¡¸Æ÷¸ ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ¬¸Ÿ¸»í ‚¸¾£ „¬¸ˆÅú
¬¸í¡¸¸½Š¸ú ¬¸¿¬˜¸¸‚¸Ê ¡¸¸ ƒˆÅ¸ƒ¡¸¸Ê ˆÅú ¨¡¸¸¨¸¬¸¸¢¡¸ˆÅ Š¸¢÷¸¢¨¸¢š¸¡¸¸Ê ˆÅú ¢¨¸î¸ú¡¸
]¸¸›¸ˆÅ¸£ú ˆ½Å ¬¸¿¤¸¿¢š¸÷¸ œ¸¡¸¸Äœ÷¸ ¬¸Ÿ¸º¢\¸÷¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ¬¸¸®¡¸ œÏ¸œ÷¸ ¢ˆÅ‡ Š¸‡—
ퟸ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ‡½¬¸ú ƒˆÅ¸ƒ¡¸¸Ê ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú
¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ¢›¸™½Ä©¸›¸, œ¸¡¸Ä¨¸½®¸µ¸ ‚¸¾£ ˆÅ¸¡¸Ä¢›¸«œ¸¸™›¸ ˆ½Å ¢¥¸‡ ¢]¸ŸŸ¸½™¸£ íÿ,
210
Annual Report 2020-21
of the Group and its associate to continue as a going concern,
disclosing, as applicable, matters related to going concern and
using the going concern basis of accounting unless the Board
of Directors either intend to liquidate the Group or to cease
operations, or has no realistic alternative but to do so.
The respective Board of Directors of the entities included in the
Group and of the associate is also responsible for overseeing
the Financial Reporting process of the Group and its associate.
Auditors’ Responsibilities for the Audit of the Consolidated
Financial Statements
8. Our objectives are to obtain reasonable assurance about whether
the Consolidated Financial Statements as a whole are free from
material misstatement, whether due to fraud or error, and to
issue an auditors’ report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with SAs will always detect a
material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or
in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these
Consolidated Financial Statements.
As part of an audit in accordance with SAs, we exercise
professional judgment and maintain professional skepticism
throughout the audit. We also:
• Identify and assess the risks of material misstatement of the
Consolidated Financial Statements, whether due to fraud
or error, design and perform audit procedures responsive
to those risks, and obtain audit evidence that is sufficient
and appropriate to provide a basis for our opinion. The
risk of not detecting a material misstatement resulting
from fraud is higher than for one resulting from error, as
fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
• Evaluate the appropriateness of accounting policies used
and the reasonableness of accounting estimates and
related disclosures made by the management.
• Conclude on the appropriateness of management’s use of
the going concern basis of accounting and, based on the
audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast
significant doubt on the Group and its associate’s ability to
continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our
auditors’ report to the related disclosures in the Financial
Statements or, if such disclosures are inadequate, to
modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditors’ report.
However, future events or conditions may cause the Group
and its associate to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content
of the Consolidated Financial Statements, including the
disclosures, and whether the Consolidated Financial
Statements represent the underlying transactions and
events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the
financial information of the entities or business activities of
the Group and its associate to express an opinion on the
Consolidated Financial Statements. We are responsible
for the direction, supervision and performance of the
audit of the Financial Statements of such entity included
in the Consolidated Financial Statements of which we are
the independent auditors. For the other subsidiary entity
Jeeef<e&keÀ efjHeesì& 2020-21
¢]¸›¸ˆ½Å ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆ½Å ퟸ ¬¨¸÷¸¿°¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ íÿ— ¬¸Ÿ¸½¢ˆÅ÷¸ and associate included in the Consolidated Financial
Statements, which have been audited by other auditor and
¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ ‚›¡¸ ‚›¸º«¸¿Š¸ú ƒˆÅ¸ƒÄ ‚¸¾£ ¬¸í¡¸¸½Š¸ú ˆ¿Åœ¸›¸ú, ¢]¸›¸ˆÅú
the unaudited financials approved by management of the
¥¸½‰¸¸ œ¸£ú®¸¸ ‚›¡¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ׸£¸ ˆÅú Š¸ƒÄ í¾ ‚¸¾£ ‚¥¸½‰¸¸œ¸£ú¢®¸÷¸ associate, such other auditor and the management of the
¢¨¸î¸ú¡¸ ‚¸¿ˆÅ”õ¸Ê ˆÅ¸½ ¬¸í¡¸¸½Š¸ú ˆ¿Åœ¸›¸ú ˆ½Å œÏ¤¸¿š¸›¸ ׸£¸ ‚›¸ºŸ¸¸½¢™÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ associate remains responsible for direction, supervision
í¾, ˆ½Å ¢¥¸‡ ‡½¬¸½ ‚›¡¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ ‚¸¾£ ¬¸í¡¸¸½Š¸ú ˆ¿Åœ¸›¸ú ˆÅ¸ œÏ¤¸¿š¸›¸ „›¸ˆ½Å and performance of the audits carried out by them. We
׸£¸ ˆÅú Š¸ƒÄ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ¢›¸™½Ä©¸›¸, œ¸¡¸Ä¨¸½®¸µ¸ ‚¸¾£ ˆÅ¸¡¸Ä¢›¸«œ¸¸™›¸ ˆ½Å ¢¥¸‡ remain solely responsible for our audit opinion.
¢]¸ŸŸ¸½™¸£ íÿ— ퟸ ‚œ¸›¸½ ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸÷¸ ˆ½Å ¢¥¸‡ œ¸»£ú ÷¸£í ¢]¸ŸŸ¸½™¸£ íÿ— Materiality is the magnitude of misstatements in the Consolidated
ž¸¸¾¢÷¸ˆÅ÷¸¸ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê Š¸¥¸÷¸¤¸¡¸¸›¸ú ˆÅ¸ œ¸¢£Ÿ¸¸µ¸ í¾, ]¸¸½ ¨¡¸¢Æ÷¸Š¸÷¸ Financial Statements that, individually or in aggregate, makes
it probable that the economic decisions of a reasonably
³Åœ¸ ¬¸½ ¡¸¸ ˆºÅ¥¸ ¢Ÿ¸¥¸¸ˆÅ£, ¡¸í ¬¸¿ž¸¨¸ ¤¸›¸¸÷¸¸ í¾ ¢ˆÅ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆ½Å ‡ˆÅ knowledgeable user of Consolidated Financial Statements
¡¸˜¸¸½¢\¸÷¸ ]¸¸›¸ˆÅ¸£ „œ¸¡¸¸½Š¸ˆÅ÷¸¸Ä ˆ½Å ‚¸¢˜¸ÄˆÅ ¢›¸µ¸Ä¡¸ œÏž¸¸¢¨¸÷¸ í¸½ ¬¸ˆÅ÷¸½ íÿ— (i) ퟸ¸£½ may be influenced. We consider quantitative materiality and
¥¸½‰¸¸ œ¸£ú®¸¸ ˆÅ¸¡¸Ä ˆÅú ¡¸¸½]¸›¸¸ ¤¸›¸¸ £í½ íÿ ‚¸¾£ ퟸ¸£½ ˆÅ¸¡¸Ä ˆ½Å œ¸¢£µ¸¸Ÿ¸¸Ê ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ ˆÅ£ qualitative factors in (i) planning the scope of our Audit work
£í½ íÿ; ‚¸¾£ (ii) ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê œ¸í\¸¸›¸ú Š¸ƒÄ Š¸¥¸÷¸ ¤¸¡¸¸›¸ú ˆ½Å œÏž¸¸¨¸ ˆÅ¸ Ÿ¸»¥¡¸¸¿ˆÅ›¸ and evaluating the results of our work; and (ii) to evaluate the
ˆÅ£›¸½ ˆ½Å ¢¥¸‡ ퟸ Ÿ¸¸°¸¸÷Ÿ¸ˆÅ ž¸¸¾¢÷¸ˆÅ÷¸¸ ‚¸¾£ Š¸ºµ¸¸÷Ÿ¸ˆÅ ˆÅ¸£ˆÅ¸Ê œ¸£ ¢¨¸\¸¸£ ˆÅ£÷¸½ íÿ— effect of identified misstatements in the Consolidated Financial
Statements.
ퟸ í¸½¦¥”¿Š¸ ˆ¿Åœ¸›¸ú ˆ½Å ‚¢ž¸©¸¸¬¸›¸ ˆÅ¸ œÏž¸¸£ œÏ™î¸ ¥¸¸½Š¸¸Ê ‚¸¾£ ƒ¬¸ ÷¸£í ˆÅú ‚›¡¸ We communicate with Those charged with governance of the
ƒˆÅ¸ƒ¡¸¸Ê ˆ½Å ¬¸¸˜¸ ¬¸¿¨¸¸™ ˆÅ£÷¸½ íÿ ]¸¸½ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ íÿ, ¢]¸¬¸ˆ½Å Bank included in the Consolidated Financial Statements of
¢¥¸‡ ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å ™¸¾£¸›¸ ퟸ¸£½ ׸£¸ ‚¢ž¸¢›¸š¸¸Ä¢£÷¸ ‚¸¿÷¸¢£ˆÅ ¢›¸¡¸¿°¸µ¸ Ÿ¸Ê which we are the independent auditors regarding, among other
¢ˆÅ¬¸ú Ÿ¸í÷¨¸œ¸»µ¸Ä ˆÅŸ¸ú ¬¸¢í÷¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ‚¸¾£ Ÿ¸í÷¨¸œ¸»µ¸Ä ¥¸½‰¸¸ œ¸£ú®¸¸ œ¸¢£µ¸¸Ÿ¸¸Ê ˆÅú matters, the planned scope and timing of the audit and significant
¡¸¸½]¸›¸¸¤¸Ö ¨¡¸¨¸í¸¡¸Ä÷¸¸ ‚¸¾£ ¬¸Ÿ¸¡¸ ¬¸»\¸ú ‚¸¾£ ‚›¡¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ퟸ ¬¨¸÷¸¿°¸ audit findings, including any significant deficiencies in internal
control that we identify during our audit.
¥¸½‰¸¸ œ¸£ú®¸ˆÅ íÿ—
We also provide Those charged with governance with
ퟸ›¸½ ˆ¿Åœ¸›¸ú ˆ½Å ‚¢ž¸©¸¸¬¸›¸ ˆÅ¸ œÏž¸¸£ œÏ™î¸ ¥¸¸½Š¸¸Ê ˆÅ¸½ ¤¸¡¸¸›¸ ž¸ú œÏ™¸›¸ ¢ˆÅ¡¸¸ í¾ ¢ˆÅ ퟸ›¸½ a statement that we have complied with relevant ethical
¬¨¸÷¸¿°¸÷¸¸ ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê œÏ¸¬¸¿¢Š¸ˆÅ ›¸¾¢÷¸ˆÅ ‚¸¨¸©¡¸ˆÅ÷¸¸‚¸Ê ˆÅ¸ ‚›¸ºœ¸¸¥¸›¸ ¢ˆÅ¡¸¸ í¾ ‚¸¾£ „›íÊ requirements regarding independence, and to communicate with
„›¸ ¬¸ž¸ú ¬¸¿¤¸¿š¸¸Ê ‚¸¾£ ‚›¡¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¬¸¿œÏ½«¸µ¸ ¢™¡¸¸ í¾ ¢]¸›¸ˆÅ¸ ퟸ¸£ú ¬¨¸÷¸¿°¸÷¸¸ them all relationships and other matters that may reasonably be
‚¸¾£ ]¸í¸¿ ¥¸¸Š¸» í¸½, ¬¸¿¤¸¿¢š¸÷¸ ¬¸º£®¸¸ „œ¸¸¡¸¸Ê œ¸£ ¡¸˜¸¸½¢\¸÷¸ ‚¬¸£ ”¸¥¸›¸¸ ¬¸¿ž¸¸¢¨¸÷¸ í¾— thought to bear on our independence, and where applicable,
related safeguards.
‚¢ž¸©¸¸¬¸›¸ ˆÅ¸ œÏž¸¸£ œÏ™î¸ ¥¸¸½Š¸¸Ê ˆÅ¸½ ¬¸¿œÏ½¢«¸÷¸ Ÿ¸¸Ÿ¸¥¸¸Ê ¬¸½, ퟸ›¸½ „›¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸
From the matters communicated with Those charged with
¢›¸š¸¸Ä£µ¸ ¢ˆÅ¡¸¸ í¾ ]¸¸½ \¸¸¥¸» ‚¨¸¢š¸ ˆ½Å ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ Ÿ¸Ê governance, we determine those matters that were of most
¬¸¤¸¬¸½ Ÿ¸í÷¨¸œ¸»µ¸Ä ˜¸½ ‚¸¾£ ƒ¬¸¢¥¸‡ ¨¸½ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å œÏŸ¸º‰¸ Ÿ¸¸Ÿ¸¥¸½ íÿ— significance in the audit of the Consolidated Financial Statements
of the current period and are therefore the key audit matters.
ퟸ ‚œ¸›¸ú ¥¸½‰¸¸ œ¸£ú®¸¸ ¢£œ¸¸½’Ä Ÿ¸Ê ƒ›¸ Ÿ¸¸Ÿ¸¥¸¸Ê ˆÅ¸ ¨¸µ¸Ä›¸ ˆÅ£÷¸½ íÿ ]¸¤¸ ÷¸ˆÅ ¢ˆÅ ˆÅ¸›¸»›¸
¡¸¸ ¢¨¸¢›¸¡¸Ÿ¸ ¬¸¸¨¸Ä]¸¢›¸ˆÅ ³Åœ¸ ¬¸½ Ÿ¸¸Ÿ¸¥¸½ ˆ½Å ¤¸¸£½ Ÿ¸Ê œÏˆÅ’úˆÅ£µ¸ ˆÅ¸½ ‚¥¸Š¸ ›¸íú¿ ˆÅ£÷¸½ íÿ We describe these matters in our auditors’ report unless law or
regulation precludes public disclosure about the matter or when,
¡¸¸ ]¸¤¸, ‚÷¡¸¿÷¸ ™º¥¸Äž¸ œ¸¢£¦¬˜¸¢÷¸¡¸¸Ê Ÿ¸Ê, ퟸ ¡¸í ¢›¸š¸¸Ä¢£÷¸ ˆÅ£÷¸½ íÿ ¢ˆÅ ¢ˆÅ¬¸ú Ÿ¸¸Ÿ¸¥¸½
in extremely rare circumstances, we determine that a matter
ˆÅ¸½ ퟸ¸£ú ¢£œ¸¸½’Ä Ÿ¸Ê ¬¸¿œÏ½¢«¸÷¸ ›¸íú¿ ¢ˆÅ¡¸¸ ]¸¸›¸¸ \¸¸¢í‡ Æ¡¸¸Ê¢ˆÅ ‡½¬¸¸ ˆÅ£›¸½ ˆ½Å ¢¨¸œ¸£ú÷¸ should not be communicated in our report because the adverse
œ¸¢£µ¸¸Ÿ¸¸Ê ¬¸½ ‡½¬¸½ ¬¸¿œÏ½«¸µ¸ ˆ½Å ¬¸¸¨¸Ä]¸¢›¸ˆÅ ¢í÷¸ ˆ½Å ¥¸¸ž¸¸Ê ˆÅ¸½ œ¸¡¸¸Äœ÷¸ ³Åœ¸ ¬¸½ ™¤¸¸ ¢™¡¸¸ ]¸¸›¸¸ consequences of doing so would reasonably be expected to
¬¸¿ž¸¸¢¨¸÷¸ í¾— outweigh the public interest benefits of such communication.

‚›¡¸ Ÿ¸¸Ÿ¸¥¸½ Other Matters

9. We did not audit the Financial Statements / information of 1007
9. ퟸ›¸½ ¤¸ÿˆÅ ˆ½Å ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ 1007 ©¸¸‰¸¸‚¸Ê ˆ½Å ¢¨¸î¸ú¡¸
branches included in the Consolidated Financial Statements of
¢¨¸¨¸£µ¸¸Ê / ]¸¸›¸ˆÅ¸£ú ˆÅú ¥¸½‰¸¸œ¸£ú®¸¸ ›¸íú¿ ˆÅú í¾, ¢]¸›¸ˆÅú ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸ú / ¢¨¸î¸ú¡¸ the Bank whose Financial Statements / financial information
]¸¸›¸ˆÅ¸£ú 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ²Å.58487.62 ˆ½Å ˆºÅ¥¸ ‚¢ŠÏŸ¸ ™©¸¸Ä÷¸ú í¾ ‚¸¾£ ]¸¾¬¸¸ ¢ˆÅ reflect total advances of Rs. 58,487.62 Crores as at March
¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê Ÿ¸¸›¸¸ Š¸¡¸¸ í¾ „¬¸ ¢™›¸¸¿ˆÅ ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆÅ¸½ ²Å.4284.18 31, 2021 and total revenue of Rs. 4,284.18 Crores for the year
ˆÅ£¸½”õ ˆÅ¸ ˆºÅ¥¸ £¸]¸¬¨¸ ™©¸¸Ä÷¸ú í¾— ƒ›¸ ©¸¸‰¸¸‚¸Ê ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê / ¬¸»\¸›¸¸‚¸Ê ˆÅ¸½ ended on that date, as considered in the Consolidated Financial
Statements. The Financial Statements / information of these
¬¸¸¿¢¨¸¢š¸ˆÅ ©¸¸‰¸¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ׸£¸ ¥¸½‰¸¸œ¸£ú¢®¸÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, ¢]¸›¸ˆÅú ¢£œ¸¸½’Ä íŸ¸Ê
branches have been audited by the Statutory branch auditors
™ú Š¸ƒÄ í¾ ‚¸¾£ ퟸ¸£ú £¸¡¸ Ÿ¸Ê ‚¤¸ ÷¸ˆÅ ¡¸í ©¸¸‰¸¸‚¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ £¸¢©¸¡¸¸Ê whose reports have been furnished to us, and in our opinion
‚¸¾£ œÏˆÅ’›¸¸Ê ¬¸½ ¬¸¿¤¸¿¢š¸÷¸ í¾, ]¸¸½ œ¸»£ú ÷¸£í ¬¸½ ‡½¬¸½ ¬¸¸¿¢¨¸¢š¸ˆÅ ©¸¸‰¸¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê in so far as it relates to the amounts and disclosures included
ˆÅú ¢£œ¸¸½’Ä œ¸£ ‚¸š¸¸¢£÷¸ í¾— ƒ¬¸ˆ½Å ‚¥¸¸¨¸¸, ퟸ›¸½ ¤¸ÿˆÅ ˆ½Å ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê in respect of branches, is based solely on the report of such
©¸¸¢Ÿ¸¥¸ 903 ©¸¸‰¸¸‚¸Ê ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ¥¸½‰¸¸œ¸£ú®¸¸ ›¸íú¿ ˆÅú í¾, ¢]¸›¸ˆ½Å ¢¨¸î¸ú¡¸ Statutory branch auditors. Further we did not audit the Financial
Statements of 903 branches included in the Consolidated
¢¨¸¨¸£µ¸ 31 Ÿ¸¸\¸Ä 2021 ˆÅ¸½ ˆºÅ¥¸ ` 16541.77 ˆÅ£¸½”õ ˆÅú ˆºÅ¥¸ ‚¸¦¬÷¸¡¸¸¿ ™©¸¸Ä÷¸½ íÿ
Financial Statements of the Bank whose Financial Statements
‚¸¾£ œÏ¤¸¿š¸›¸ ׸£¸ ¢¨¸\¸¸£ ¢ˆÅ‡ Š¸‡ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê Ÿ¸¸›¡¸÷¸¸ ‚›¸º¬¸¸£ „¬¸ reflect total assets of ` 16,541.77 Crores as at March 31, 2021
¢™›¸ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ˆºÅ¥¸ £¸]¸¬¨¸ ` 970.19 ˆÅ£¸½”õ ™©¸¸Ä÷¸½ íÿ— and total revenue of ` 970.19 Crores for the year ended on that
date as considered in the Consolidated Financial Statements
ƒ¬¸ˆ½Å ¬¸¸˜¸ íú, ퟸ›¸½ ¬¸í¸¡¸ˆÅ ˆ¿Åœ¸›¸ú ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸ ›¸íú¿ ˆÅú have been drawn by the management.
í¾, ¢]¸¬¸ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸/ ¢¨¸î¸ú¡¸ ]¸¸›¸ˆÅ¸£ú 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸
Also, we did not audit the Financial Statements of the subsidiary
¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ¢¨¸\¸¸£ ¢ˆÅ‡ ‚›¸º¬¸¸£ ²Å.17.71 ˆÅ£¸½”õ ˆÅú ˆºÅ¥¸ ‚¸¦¬÷¸¡¸¸¿ œÏ™¢©¸Ä÷¸ ˆÅ£÷¸ú
company whose Financial Statement / financial information
í¾, „¬¸ ¢™›¸¸¿ˆÅ ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ˆºÅ¥¸ £¸]¸¬¨¸ ²Å.2.23 ˆÅ£¸½”õ í¾— ¬¸Ÿ¸½¢ˆÅ÷¸ reflects total assets of Rs. 17.71 Crores as at March 31, 2021,
¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ‡ˆÅ ¬¸í¡¸¸½Š¸ú ˆ¿Åœ¸›¸ú, ¢]¸¬¸ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê/ ¢¨¸î¸ú¡¸ ]¸¸›¸ˆÅ¸£ú Total revenue of Rs. 2.23 Crores for the year ended on that date,
ˆÅú ퟸ¸£½ ׸£¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ›¸íú¿ ˆÅú Š¸ƒÄ í¾ ‚¸¾£ ˆ¿Åœ¸›¸ú ˆ½Å ¬¸í¸¡¸ˆÅ œÏ¢÷¸«“¸›¸ ׸£¸ as considered in the Consolidated Financial Statements. The
œÏ¤¸¿š¸›¸ ׸£¸ ‚›¸ºŸ¸¸½¢™÷¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾, ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê Ÿ¸Ê ¢¨¸\¸¸£ Consolidated Financial Statements also include the Group's

211
 Annual Report 2020-21

¢ˆÅ‡ ‚›¸º¬¸¸£ 31 Ÿ¸¸\¸Ä, 2021 ˆÅ¸½ ¬¸Ÿ¸¸œ÷¸ íº‡ ¨¸«¸Ä ˆ½Å ¢¥¸‡ ²Å.20.06 ˆÅ£¸½”õ ˆ½Å ˆÅ£
œ¸ä¸¸÷¸ ¢›¸¨¸¥¸ ¥¸¸ž¸ ˆÅú ¬¸Ÿ¸»í ˆÅú ¬¸¸^¸½™¸£ú ˆÅ¸½ ž¸ú ©¸¸¢Ÿ¸¥¸ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾— ¬¸í¡¸¸½Š¸ú
ˆ¿Åœ¸›¸ú ‚¸¾£ ¬¸í¸¡¸ˆÅ œÏ¢÷¸«“¸›¸ ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸/ ¢¨¸î¸ú¡¸ ]¸¸›¸ˆÅ¸£ú ˆÅú ¥¸½‰¸¸ œ¸£ú®¸¸
‚›¡¸ ¥¸½‰¸¸ œ¸£ú®¸ˆÅ¸Ê ׸£¸ ˆÅú Š¸ƒÄ í¾ ‚¸¾£ ¬¸í¸¡¸ˆÅ œÏ¢÷¸«“¸›¸ ˆ¿Åœ¸›¸ú ˆ½Å ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸
‚¥¸½‰¸¸œ¸£ú¢®¸÷¸ í¾, ¢]¸›¸ˆÅú ¢£œ¸¸½’Ä ‚¸¾£ ¢¨¸¨¸£µ¸ œÏ¤¸¿š¸›¸ ׸£¸ íŸ¸Ê „œ¸¥¸¤š¸ ˆÅ£¸¡¸¸
Š¸¡¸¸ í¾ ÷¸˜¸¸ ƒ¬¸ ¬¸í¸¡¸ˆÅ œÏ¢÷¸«“¸›¸ ‚¸¾£ ¬¸í¡¸¸½Š¸ú ˆ¿Åœ¸›¸ú ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ©¸¸¢Ÿ¸¥¸ £¸¢©¸¡¸¸Ê
‚¸¾£ œÏˆÅ’›¸¸Ê ˆ½Å ¬¸¿¤¸¿š¸ Ÿ¸Ê ¬¸Ÿ¸½¢ˆÅ÷¸ ¢¨¸î¸ú¡¸ ¢¨¸¨¸£µ¸¸Ê œ¸£ ퟸ¸£¸ Ÿ¸÷¸ ¬¸¿¤¸Ö í¾ ÷¸˜¸¸
‚¢š¸¢›¸¡¸Ÿ¸ ˆÅú š¸¸£¸ 143 ˆÅú „œ¸-š¸¸£¸ (3) ˆ½Å ¬¸¿™ž¸Ä Ÿ¸Ê ퟸ¸£ú ¢£œ¸¸½’Ä „Æ÷¸ ¬¸í¸¡¸ˆÅ
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10. ¤¸ÿ¢ˆ¿ÅŠ¸ ¢¨¸¢›¸¡¸Ÿ¸›¸ ‚¢š¸¢›¸¡¸Ÿ¸ 1949 ˆ½Å ‰¸¿” 29 ˆ½Å ‚›¸º¬¸¸£ ¬¸Ÿ¸½¢ˆÅ÷¸ ÷¸º¥¸›¸ œ¸°¸ ‚¸¾£
¬¸Ÿ¸½¢ˆÅ÷¸ ¥¸¸ž¸ ¨¸ í¸¢›¸ ‰¸¸÷¸¸ ÷¸˜¸¸ ¬¸Ÿ¸½¢ˆÅ÷¸ ›¸ˆÅ™ú œÏ¨¸¸í ÷¸¾¡¸¸£ ¢ˆÅ¡¸¸ Š¸¡¸¸ í¾—
11. „œ¸¡¸ºÄÆ÷¸ œ¸¢£\Ž½™ 6 ÷¸˜¸¸ 9 Ÿ¸Ê „¦¥¥¸¢‰¸÷¸ ¥¸½‰¸¸ œ¸£ú®¸¸ ˆÅú ¬¸úŸ¸¸‚¸Ê ˆ½Å ‚š¡¸š¸ú›¸
÷¸˜¸¸ ¤¸ÿ¢ˆ¿ÅŠ¸ ˆ¿Åœ¸¢›¸¡¸¸ („œ¸ÇÅŸ¸¸Ê ˆÅ¸ ‚¢š¸ŠÏíµ¸ ¨¸ ‚¿÷¸£µ¸) ‚¢š¸¢›¸¡¸Ÿ¸, 1970 ׸£¸
‚œ¸½¢®¸÷¸ ÷¸˜¸¸ ¬¸¸˜¸ íú, „¬¸Ÿ¸Ê ‚œ¸½¢®¸÷¸ œÏˆÅ’úˆÅ£µ¸ ˆÅú ¬¸úŸ¸¸‚¸Ê ˆ½Å ‚š¸ú›¸ ퟸ ¢£œ¸¸½’Ä
ˆÅ£÷¸½ íÿ ¢ˆÅ
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]¸¸½ ¬œ¸«’úˆÅ£µ¸ ¨¸ ¬¸»\¸›¸¸‡¿ ‚¸¨¸©¡¸ˆÅ ˜¸ú¿, ¨¸í ¬¸ž¸ú ퟸ›¸½ œÏ¸œ÷¸ ˆÅú íÿ ‚¸¾£
ퟸ›¸½ „›íÊ ¬¸¿÷¸¸½«¸]¸›¸ˆÅ œ¸¸¡¸¸ í¾—
‰¸. ¤¸ÿˆÅ ˆ½Å ¬¸¿¨¡¸¨¸í¸£, ]¸¸½ ퟸ¸£½ š¡¸¸›¸ Ÿ¸Ê ‚¸‡ íÿ, ¨¸½ ¤¸ÿˆÅ ˆ½Å ‚¢š¸ˆÅ¸£¸Ê ˆ½Å ž¸ú÷¸£
íÿ, ‚¸¾£
Š¸. ¤¸ÿˆÅ ˆ½Å ˆÅ¸¡¸¸Ä¥¸¡¸¸Ê ¨¸ ©¸¸‰¸¸‚¸Ê ¬¸½ œÏ¸œ÷¸ ¢¨¸¨¸£¢µ¸¡¸¸¿ ퟸ¸£ú ¥¸½‰¸¸ œ¸£ú®¸¸ ˆ½Å
œÏ¡¸¸½]¸›¸ í½÷¸º œ¸¡¸¸Äœ÷¸ œ¸¸¡¸ú Š¸ƒô—
share of Net Profit after tax of Rs. 20.06 Crores for the year
ended March 31, 2021 as considered in the Consolidated
Financial Statements, in respect of one associate, whose
Financial Statements / financial information have not been
audited by us. The Financial Statements/financial information of
the subsidiary company has been audited by the other auditors,
whose reports and statements have been furnished to us by the
management, the Financial Statements / financial information of
the associate has not been audited and approved and furnished
to us by the Management, and our opinion on the Consolidated
Financial Statements, in so far as it relates to the amounts and
disclosures included in respect of this subsidiary and associate
and our report in terms of sub section (3) of sec 143 of the Act,
in so far it relates to the aforesaid subsidiary and associate, is
based solely on the reports of the other auditors in respect of
subsidiary company and the unaudited financial information /
results as approved and furnished by the management of the
associate.
Our opinion on the Consolidated Financial Statements and our
report on Other Legal and Regulatory Requirements below is not
modified in respect of these matters with respect to our reliance
on the work done and the report of the other auditors and the
Financial Statements / financial information certified by the
management.
Report on Other Legal and Regulatory Requirements
10. The Consolidated Balance Sheet, the Consolidated Profit and Loss
Account and the Consolidated Cash Flow have been drawn up in
accordance with Section 29 of the Banking Regulation Act, 1949;
11. Subject to the limitations of the audit indicated in paragraphs 6 to
9 above and as required by the Banking Companies (Acquisition
and Transfer of Undertakings) Act, 1970, and subject also to the
limitations of disclosure required therein, we report that:
a) We have obtained all the information and explanations
which, to the best of our knowledge and belief, were
necessary for the purposes of our audit and have found
them to be satisfactory;
b) The transactions of the Bank, which have come to our
notice, have been within the powers of the Bank; and
c) The returns received from the offices and branches of the
Bank have been found adequate for the purposes of our
audit.

ke=Àles cewmeme& kesÀ. ieesheeue jeJe Sb[ kebÀheveer ke=Àles cewmeme& yeeìueeryeesF& Sb[ hegjesefnle ke=Àles cewmeme& DeyeCee& Sb[ DevebLeve ke=Àles cewmeme& jes[er [yeerj Sb[ kebÀHeveer
‡ûÅ‚¸£‡›¸: 000956‡¬¸ SHeÀDeejSve: 101048[yu³et SHeÀDeejSve: 000003‡¬¸ SHeÀDeejSve: 108846”¤¥¡¸»
¬¸›¸™ú ¥¸½‰¸¸ˆÅ¸£ meveoer uesKeekeÀej meveoer uesKeekeÀej meveoer uesKeekeÀej
for M/s. K Gopal Rao & Co for M/s. Batliboi & Purohit for M/s. Abarna & Ananthan for M/s. Rodi Dabir & Co.
FRN: 000956S FRN: 101048W FRN: 000003S FRN:108846W
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants

¬¸ú‡ (ªúŸ¸÷¸ú) ¤¸ú. Ÿ¸ú£¸ Š¸¸½œ¸¸¥¸›¸ ¬¸ú‡ £Ÿ¸›¸ í¿Š¸½ˆÅ£ ¬¸ú‡ (ªúŸ¸÷¸ú) ¥¸¢¥¸÷¸¸ £¸Ÿ¸½©¨¸£›¸ ¬¸ú‡ ‚¸©¸ú«¸ ¤¸”Š¸½
ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£ ž¸¸Š¸ú™¸£
¬¸™¬¡¸÷¸¸ ÇÅ.: 029471 ¬¸™¬¡¸÷¸¸ ÇÅ.: 030615 ¬¸™¬¡¸÷¸¸ ÇÅ.: 207867 ¬¸™¬¡¸÷¸¸ ÇÅ.: 121073
CA (Mrs) B. Meera Gopalan CA Raman Hangekar CA (Mrs) Lalitha Rameswaran CA Aashish Badge
Partner Partner Partner Partner
Membership No: 029471 Membership No: 030615 Membership No: 207867 Membership No: 121073

mLeeve : HegCes Place : Pune

efoveebkeÀ : 29 DeHe´wue, 2021 Date : 29th April, 2021

212
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213
Dividend Distribution Policy (DDP)
Objective: The objective of the policy is to lay down the criteria to be
considered by the Board of directors of the Bank before recommending
dividend to its shareholders for a financial year. In compliance with the
RBI, GoI and SEBI guidelines and other regulations applicable to the
Bank.
Criteria to be considered before recommending Dividend;
The Board will consider following factors recommending dividends;
a) Statutory and Regulatory Compliance;
The Bank shall declare dividend only after ensuring compliance
with the Banking Regulation Act, 1949, regulatory guidelines on
dividend declaration issued by the Reserve Bank of India (RBI)
from time to time, provisions of the Companies Act, 2013 and
rules made thereunder and the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended and
to the extent applicable to Banking Companies.
b) The financial parameters that shall be considered while
declaring dividend:
Capital adequacy of the Bank (should be at least more than
regulatory minimum requirement and takes care of capital as per
the Bank’s Board approved capital/ business plan);
Return on assets (ROA) during the year for which the dividend
is declared (should be 0.25% or more and in case of interim
dividend, annualised ROA for the immediate preceding period of
the running year should be at least 0.25%);
Distributable profit, after appropriation towards statutory & other
mandatory reserves and preferential dividend, if any, is sufficient
to pay dividend equivalent to at least 5% of paid up capital;
All other financial parameters as required to be considered as
mandated by the regulator(s)/ the government.
c) Internal and external factors that shall be considered for
declaration of dividend:
Shareholder expectations;
Bank's capital structure, capital adequacy ratios prevalent as
well as future requirements;
There are no accumulated losses;
Extent of need to build capital through internal accrual;
Domestic/ global economic conditions bearing material impact
on the Bank’s business, profitability, capital requirement and
future business strategy.
d) The circumstances under which shareholders of the Bank
may or may not expect dividend:
All extant regulatory/ GOI guidelines related to dividend
distribution are complied with;
Capital requirement of the Bank, both regulatory and for future
business growth, are met;
There are no accumulated losses;
Domestic/ global economic conditions bearing material impact
on the Bank’s business, profitability, capital requirement and
future business strategy.
e) Utilization of retained earnings:
Retained earnings will be appropriated towards covering
accumulated losses, building capital as per capital/ business
plan and any other need as approved by the Board of Directors
from time to time.
f) Parameters for various classes of shares:
Not applicable as there is only one class of shares at present,
namely ordinary share capital.
The policy is also available on the Bank’s website
 Annual Report 2020-21

¢’œœ¸¢µ¸¡¸¸Â
Notes

214
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