KE The Kalupur Commercial Co-op. Bank Ltd Van Fae a1" ANNUAL REPORT 2020- 2021yor Res uatiazer ote Gree sigue ds aa aeRare ware gee vasa Bus) weleae uae one Rea, alsin Sacer elke qaiaWern siefsrol qauduer seal ae@are ware trivill iRee olsen! yPiededce Si. Sel Benes. 2x1 si9) ison anGee ae selswen anGaee af Aaa, Ysa, omyoiore aimrio Rade lnc vcr ons, ype SASla Bie A rte; Benet, eF2St aint care al aloes 216 cu eH0e GI6r2 2a YBa Race YARem Gralla epeRIe Af ageRHIE io GRE GBA GiseH! ERM! B10 OB Bg ettde DIMM Beezd| Geuze ee) 21 2/9] Geet Sua rea Nekve all Qeoroue ude, IShMjo ag Basar Bare sf EAH senulG, Sg ake. 12. Bate ll afgzoHe vse, son alg aah ager al hice qzvllan, Stag) Bove all on(@so1i del, wet cet Bed Bie 28 gatidhuvin sielsni Gulia ison 2e1eFHaIal SiefSHen, slaiGaee al Aaiagsa, wee sll Braces BenkeI, 2S aIHAI DO al egeonE Mate, ae. ami Adare al BuialRie, nye aia Adore ab feyaicte ar2s, 398) shat 2s amnion Ore al CARI HeMU, oat ISIE As aIrin Adore All Figerenes 2A 5552 ype San) Rogyetere Al Ns Bz, tna) gala Oe Wa cei Sea visa 5d 26d.Kalu | Bani The Kalupur Commercial Co-op. Bank Ltd, BANKERS; = Reserve Bank of India * State Bank of India = The Gujarat State Co-op Bank Ltd. = The Ahmedabad Dist Co-op Bank Lt. = Bank of Baroda = Central Bank of India = Union Bank of India LCC Bank Ltd. * Federal Bank * H.DC Bank Ltd = The Karur Vysya Bank Ltd. Yes Bank Ltd. Punjab National Bank Canara Bank Axis Bank Indusind Bank BANKERS FOR FOREIGN EXCHANGE BUSINESS ‘= HABIB American Bank, N.Y, USA = Commerz Bank AG, Frankfurt. STATUTORY AUDITORS : + PRSHAH& ASSOCIATES: (CHARTERED ACCOUNTANTS LEGAL ADVISORS: + MR. AJITSINGH K. JADEJA, (Criminal) + IRPATEL & ASSOCIATES + MR, JATINBHAI SHETH, (Civil) Est. on : 5-12-1970 51 ANNUAL REPORT 2020-2021 Banking Lic. No. ACD-GJ-161 P Dt. 27-10-1979 (Under B.R. Act, 1949 Reserve Bank of India) Reg. No. MSCS/CR/54/95 Dt. 8-9-1995, (Under M.S.C.S Act, 1984) ‘Scheduled Banks’ status : 01-09-1988 PAN : AAAAT9360R. TAN : AHMKO00480E GSTIN No, : 24AAAAT9360R1ZT (Gujarat) GSTIN No. : 27AAAAT9360R1ZN (Maharashtra) Head Office : KALUPUR BANK BHAVAN; Ashram Road, Ahmedabad-380 014. Phone : 27582020 to 27582026 Fax :079-27544450, 27582033 E-mail : info@kalupurbank.com Website : www.kalupurbank.com Toll Free No. : 1800 233 99999os wis Bese 20 eraefeons Siraiel wa dade 20 ARaeions even Wa get Beet 20 vioqenes HoIerons ue dade Ree afl veal alg. orga Dagar B52 Basee fi, Raton wets Beer al olerig, adlara 6 A Ganon shuiceret wa af Sfisous eigons uaa (2) A eiorzons idler wa A BAleoud aero wa 28 noroud wari, ae (3H) 20 Aawones anaggone ete oid adder utzon we alo isadler nega wa afte wiist2) 2121 Riche wy. crea syareG Adee 218 AeA sega are. wee antsgda Aged gods Aaet a. we Suid) gored Nae Dieta 2h Aaa. Aiserond ante. wy ariel, verze Nive udeiond &, 2 aarel, ered Nave ore 8. we anrel, erect Nave AReg Ba. wa aural ereree Adare 2idaiond ofl. ude niall, verze Aeiare aoe of, sen niall, syorea Rei (C150) Bee. sen mare ere Adve iis ah, dain earl. vorea dere viewer. ane enrell verze Ndlare Raz xy. sue anne. sree Adore AM Bat, oat aural, veree NSE aceia W, G2s aarel, ered Nave vige 8. ada anrell erect Adve Boia da geo allel. enitsadia suai dl. €a aiellae dsaisydia Board of Directors Shri Navnitbhai Chimanlal Patel Chairman Shri Mineshbhai Jashbhai Patel Vice Chairman Shri Ambubhai Maganbhai Patel CChaieman Emeritus Shri Percy Faramroj Bharucha ‘Managing Director Directors Shri Dr. Dineshbhai Manibhai Amin Shri Bipinchandra Ratilal Shah Shri Kaushikbhai Nandubhai Patel (CA) Shri Ambarbhai Jayantilal Patel Shri Kiritbhai Rambhai Patel Shri Nipambhai Rameshchandra Shah (CA) Shri Shaileshbhai Vajibhai Sor ‘Smt. Madhviben Tusharbhai Patel ‘Smt. Mittalben Babulal Patel Executives Vinod 6. Dadiani Kiran P. Pandya General Manager & CEO ‘Asst. General Manager ‘Mahendrabhai R, Patel Pratik A. Desai Executive Secretary to Board Asst. General Manager Chetan A. Patel Khanjan P.Shah Dy. General Manager Asst. General Manager Srinivas P Rao Virag G. Shah io Asst. General Manager >ankaj R. Parikh ‘Mauli S. Bodiwala ‘Asst. General Manager ‘Asst. General Manager areshbhal J. Dave Vatsal P. Desai ‘Asst. General Manager ‘Asst.General Manager Bharat. Patel Ankur K. Mehta ‘Asst. General Manager ‘Asst. General Manager Tejendra L. Patel Dhimant Roy Turkhia ‘Asst. General Manager Senior Executive KamleshV. Dave ‘Asst. General Manager Senior Executive Samir B. Pandya ‘Asst. General Manager (CISO)518™T ANNUAL REPORT 2020- 2021 oA 21 olson aid arora ene & Slaten APs Noma sec Guia ede uRTA area Boy e212 ct ane aasiael iplesia agora eater 2d dlsel Weal aifls BEE BOK, el, A-OG-RORRA HoH Sy aise $30 Sed, &. ofl, WABAAREem, emeraie RAsHee ateNfRrRerar, adler Sue, Si. sm ase mf, eMMeELATE - 3008 wid efit StH Big HEN. aioe senate] SARisH2e URRUA ceri en seis eesresTe eicell wieHist yor eOHeICef eifR01a GUI ¥oo all aia erarHi anda 8, 9 ada a uaa eee reiari enead, Redes eee ais eneAreet 2401 BNBad Rogere Hie2O4 (ZOOM) 218) VEL He AISI, & IOHRIElet| He ng. 31 21e Mon sore OIsHi BapRES eT 62 ded don Guz abr eng.s)., uetas ate is Ascari ena). & atoraelon Ae am. v4e\ Mons efor isa auees adel ott la. davled xper sz) Ae RiovioMH Beta etgyse ei iiata cil B, 4) el.08-99-2030uH dey Hohe als ane 2H HIEIgare ella Ges Hee En CHE. 2) dl, 3-03-2028 a1 dr ypi aida cif iz OAS ag Based Gare sda RUZ, diag Be add ada, as-asete: ico Gano ad anf 2088-zeel ieIOruH ye Sea! cal axl govo-ovaat| eRe oNlBerln iléefl eller Qa one. 3) aS eg BasedT sda cramer yor agiel adie 218 Bses Hye seat curd, vB) eoanee of arf HB Raf dis ale aac wslelisr vor Revo cuieial eyed wBeee Fries Haile dar one, \) leon atorsl.ad, eda wai Blot wniaieAl, cise” ais eneiree aored exnden eAfsie exgpiie sen oS ee Bdsed, cxf eoPianer anys wieraini Gel 25H aisaen Seal 8 ziea Bua SSCA HGCA oHBIC DHA CHA, 5) Saari ays sles ag ened Bue eireer Sea ae eke Bal Here. oS vig Baseaton ener es oe = mera Race. e1eanel 1. 20-0¢-2028 sworn BAa2 210 Asa”. atid: aot wet Re 4) Shee 10H 240 Yael 28 ch dey ad or Be ase Ss ne 1H Sl HEN & sieBeRe OKA aA BTS YEN Sle 528 2) a ana aoue ni ad nt aoute aDonnu a8 cial eid HE ae eA als eraer oA Be eA Ram ani a6 del ates ea fie. 9 aea2A aed cer aeresemin ator 219) erro at fel Pec eles 340 ees acu el ure Sse ee 2218 Ge Ae nore Msc antel Reid 8. ale Baia Geel e&s eri et sell Aras wow.kalupurbank.com v2 Gucwad. 1) enleovo-etet Bases] 25H woe aoe reid Heel 29-06-2024 e eae ks asiGeemi rH Sear ee. Xi) Rand also ene vigaie eds eonteo KYC aioiia yetre” Gate gePena ese ela # etoeedot KYC soe yee” Ye if@ ise le, da one yore yer uise one Bases Ysera. 5) atone oy all due crateiee Gigs 9) da da areeeree Bnels Seal RecN D 9) disor Ya sie nate Gisa eds ona, dig aorseuy aig ema! 12 sell Ser war zRs Bar dl gee @, dell sen es ‘Bots / eonate Ueda (acid @ 2 ded satel ciswl crag wa Wad & dso fly Ser we aks Bal ae cise Ye sie1 AeA ovraeueta eae wider 32-del ana year uA BAsesal 26H vicP sel S2arAi BMA B. aesieda deed eee cond cis “eslazciy Abra” cau oi eotle onic tela Sear M2 “ero tee eee” eric @. el tcara Be sel oraz Bue 4S @.eeiaelA oH adrenere ae de idl. 2 aonailad duet Ge a6) ce Mono dire Gal aiaide aie dard ich sea ad 8 & dan dua SAGA aME8) a esd eoize cian alae seid, seer anne cs ate el /Sueione Fa ofS aifis micreareeue AAs Bd sah als 2B Bie sie 212 ws MesMeD AC IB. Gadel rae 24a valeReA AIAN AINE. « YNOTICE Notice'is hereby given to ll the members of bank that considering the guidelines ofthe Central and state Governmentin the wake of COVID-19 pandemic, 51” Annual General Body Meeting of members of the Bank willbe held on 14" September, 2021, Tuesday at 4.30 p.m at J. B Audi m, Ahmedabad Management ‘Association, Atira Campus, Dr. Vikram Sarabhai Marg, Ahmedabad-380015 to transact the following business. In view of the COVID-19 situation, as per the current advisory of the Government of Gujarat, personal attendance of the members is restricted up to 400 , which will be considered on first come first served basis . Further, Annual General Meeting can also be viewed through Audio-Visual Means (Zoom) by the members whose Email ID and Mobile Number are registered with the bank and for that the Meeting Id, Password and link will be share to those members only. Those members whose Email dand Mobile numbersarenotregistered with the bank arerequested toregister their Email D and Mobile number with Share Department-Head Office/Nearestbranch. 1. Toreadand approve the minutes of General Body Meetingheld on 02.11.2020 2. Toconsiderand adopt the report of Board of Directors, Audited Balance Sheet, Profitand Loss Account, Statutory Auditors report forthe year 2020-21 and approve budget for the year 2021-22. Toapprove appropriation of profit and declare dividends recommended by the Board of Directors. 4, To take note of the guidelines for appointment of Statutory Auditors of UCBs, as conveyed ‘April27,2021 by Reserve Bankof India under section 30{1A) of the Banking Regulation Act, 1949. 5. Toratily the recommendation of Board of Directors for write off and waiver in NPA accounts as per the powers given by General Body. 6. Anyothermatter with theapproval of Chairman, fe circular dated By theorder of Board of Directors ‘Ahmedabad Vinod. Dadiani Date:20.08.2021 General Manager&CEO Note: 1. fthemeetingis adjourned or wantof quorum, itwillbeheldon thesamedayafter halfanhour whichwillbe considered legaland business of the meeting willbe conductedaspertheagenda. 2. Please bring yourmembership cardforattending the meeting. Only members willbe permitted toattend the meeting, 3. Membersdesirousof obtaining adaltional information regarding Balance Sheetand Profit &Loss accounts, are requested to send thelr written request to Bank, four working days in advance from the date of ‘Annual General Body Meeting. Copies of Annual Report are available at banks branches as well as on Bank's website worw.kalupurbank.com 4. Dividend for the year 2020-21 willbe credited to the accounts of the members ater approval by the Annual General Body “Meeting from 27.08.2021 onward. 5. As obtention of KYC related documents of members has been made compulsory by Reserve Bank of India, dividend willbe paid only to those members who have furnished KYC related documents for their shareholding, wellas details of theirsavings/currentaccounts. 6. Memberswiho havenot done nomination areagain requested toinvariably make nominations. ‘sper Bank’s Bye-laws, Members of bank ae required toavallat least one service of our bank to continue to be eligible for ‘membership. Members / member frmsare thereforerequested toopensavings/current account and comply extant rles/bylaws pertaining to membership withour bankto facilitate payment of dividend. 8 "Kalupur Bank Scholarship Scheme" for meritorious children of members and "Member Benefit Scheme'for the benefit of dependents of deceased members are implemented by bank. Details are available on bank's website. Members are requested toavallbeneftofthese schemes. 9. Members who have not registered their Email IDs and Mobile numbers with the bank are requested to register with the bank, as our bank desires to send notice of AGM and Annual Report electronically via SMS\Email as done by other = Banks/Companies instead of sending physical copy to each member to save trees and help us become environment 4 friendly.AeActsile) (rdEot wiotoflel AOHIE OnE WA Oe, ail onesie | Gisefl uae aifils eneareer aermai anty axel zaioie seal € ailcieall aisiell atjeid J. IS dell Gsiat auoion ua anf yei Saif @ ene anioinll enbat orc Ganesan ae sea Hid dis ein aed ad aden anjg. vial e1asiell aia eae G2 Gar Ave! ars Hg ieini ofieuia wile $81 8 210 Gas aestd) is GAZ amor anda 8. aif en oA vilg B2seef one ison crirs aonieie) ad) mioteflel asielia all aexoiis ele eicexg, SSi2 Hace Oferta He G aeanyels BHICHe HIeL, 6 240 SAS dry eatge! a! 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BIgHIKE ed, SE chiadiar aielcine, cau B91 Asie} oul@ BneHeVE cra 8. vial) cisen omer oy SHfaidie” cso aafol star cen dered) orfea H12 zeta stele, 289) del 4d Aad. ind 92d Seal ua avell disen sient gi anda 8 aly Ja aA aan awflad dled 3 anny aon wre-esieel ois eae aufai aid) Iga ciza sea. vierii HIRI ad een ison OAS ag Bese! ad g aru Ded aH10HF2 Ie} 4g} asc yet seai ual g Aen ere! eareeal Gue tia Hg Gi, SIze1 3 enrwoa BH oy elute B & efi tiga Aclsni aid) la emincarti anil d. pe Fr gp ra get ae ga: 8h aan BB: TN GA: I micret afule, Riot ated aise yor: And ais @ ue zaeai aidied adi. 21 ASSIe, 92 Chie Troy AW AAA, staefacid ada aetetChairman Statement Respected Members, |am delighted to welcome you to the 51° Annual General Body Meeting of our bank. Our bank has completed 51 years ofits glorious journey and will march towards other milestones in the coming years. During this journey of five decades, our bank has made remarkable progress in all the spheres of banking activities and established itself as a respectable urban co-operative bankofindia. ‘Atthe outset, on behalf of Board of Directors and all stake holders of the bank, | extend our heartfelt gratitude to the Honorable Prime Minister Shri Narendrabhai Modi for creating the Ministry of Co- operation and congratulate to the dynamic and visionary leader, honorable Shri Amitbhai Shah on being appointed as the Minister of Co-operation of India. During the year 2020-21, our bank has achieved business mix of Rs. 14161.93 Crores with 10.19 9% growth in Advances and 11.55 % growth in Deposits which can be considered satisfactory under the challenging circumstances. Details of working of our bank are provided in the report of Board of Directors. lam thankful to Shareholders, Members of Board of Directors, Branch Development Committee members, well-wishers, customers, staff members for their co operation and support extended in achieving significant progress of the bank. Before presenting the report on the working of the bank during the year under review, | would like to present my views on economic scenario of our country, banking industryand the changes which took place inthebankingsectorin ourcountry. Domestic Economy Scenario: ‘As per the news reports, India has emerged as the fastest growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships. During the entire financial year, 518™T ANNUAL REPORT 2020- 2021 Covid-19 pandemic had an adverse impact on the economic activities across the country. As per Economic Survey 2020-21, India's real GDP growth, for FY 2021-2022 is projected at 11%. In the Union Budget 2020-21, the main focus has been given on supporting the Agriculture and Allied sectors, MSMEs Industry and Health sector. Overall, the thrust of the budget was on development and promotion of industry and commerce and increasing employment opportunities. The theme of the budget is "Atma Nirbhar Bharat Abhiyan” During the year despite many adversities due to COVID-19 pandemic, our bank has continued to provide the banking services without much disruptions with active support from the staff, customersand other stakeholders. Further, we have received permission from the Reserve Bank of India to merge The Texco Co- Operative Bank Ltd, Surat with our bank. With merger of the bank, our branch network will increase and also customer base will widen. | welcome the memebrs and customers of the The Texco Co-Operative BankLtd. Changesin Banking Sector: You may be aware that in February 2020, while issuing Monetary Policy Statement for the year 2020-21 on the basis of an assessment of the current and evolving macroeconomic situation, RB! has decided to continue with the accommodative stance as long as necessary — at least during the financial year 2020-2021 and into the next financial year ~ to revive growth on a durable basis and mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. RBI has kept the policy Repo rates under the liquidity adjustment facility (LAF) unchanged at 40 per cent and consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent while ensuring that n remains within the target for consumer price index (CPI) at 4 per cent within a band of +/- 2 percent, while supporting growth. Changes in Urban Co Operative B ofour Country:During the year Urban Co-Operative Banking Sector has witnessed some major developments and changes in the system and procedure; which will definitely contribute in strengthening the functioning of UCBs. Gist of major changes / developments are as under: 1. Amendment in Banking Regulation Act (10 of 1949) as amended by The Banking Laws ( Amendment ) Act 2020: The amendment has far reaching effect on functioning of the Urban Co-operative Banks in India such as Raising and Refund of Share Capital, Appointment of Statutory Auditor, Terms of Board of Directors, Prior permission of RBI for amendments in Bye Laws of the Bank, appointment or reappointment or termination and remuneration ofachairman/ MD / CEO / Whole Time Director shall not be made without prior approval of RBI, time limit for finalization of Audited Balance Sheet aligned in line with rules of Companies Act 2013. Overall, the amendments aim to bring the co-operative banks at par with the developments in the banking sector through better management and proper regulation of co-operative banks with a view to ensuring that the affairs of the co-operative banks are conducted in a manner that protect the interests of the depositors and to strengthen the co-operative banks by increasing professionalism, enabling access to capital, improving governance and ensuring sound banking through Reserve Bankofindia’, Loans and advances to Directors, their relatives, and firms /concernsin which they are interested: In line with amendments in Banking Regulation Act 2020, guidelines on loans and advances to Directors, their relatives, and firms / concerns in which they areinterested have been amended. Risk-Based Internal Audit (RBIA): With a view to having effective and harmonized systems and process. for the internal audit function of the banks, a system of Risk Based Internal Audit (RBIA) framework has been made applicable for all UCBs having asset size of Rs. 500 crores and above, which is to be implemented by 31" March, 2022. 3. 4, Amalgamation of Urban Cooperative Banks: RBI has issued guidelines on ‘Amalgamation of Urban Cooperative Banks, replacing guidelines issued in 2005. Besides other guidelines on amalgamation, there are provisions of incentive to amalgamating UCBs such as permission to close down the loss incurring branches, shifting / relocation of the branches of amalgamated bank, retain the AD categorylllicense issued under FEMA etc. COVID19 Regulatory Package - Asset Classification and Provisioning: RBI has issued certain additional regulatory measures toalleviate impact of COVID-19 pandemic on the businesses and financial institutions e.g. Asset classification norms on IRAC, deferment period for recovery of interest applied in CC / ODaccountsand provisioning etc. Our Bank has started taking necessary steps to adhere to the RBI directives / guidelines in course of time, Although this year has been largely affected due to Covid-19 pandemic, the future of Indian economy and the banking industry in particularis promising, We expect all staff members to workhard for bright future of ourbank. The way you all have contributed towards development of ourbank for thelast 51 years, in the same way, we request all of you to extend your support 50 that our bank can achieve newer milestonesin the coming years. On behalf of the Board of Directors of the Bank and ‘on my personal behalf, | would like to convey my thanksand gratitude toall of you. Before | conclude, | would like to emphasis on keeping good health at all cost, because health is wealth. This is well explained in the following Sanskritshloka, 5. “One can lose wealth, friend, kingdom but not healthybody" Jay Sahakar, Jay Bharat. Toate sAoany Navnitbhai C. Patel Chairman.Gis ws Biszeod weaia : 2020-2029 siotflar Boete one 216 O1Be, eniuell disel ols ale Bese, a1.3e-s-zoeeen Zar ygl dar arf ozo-zam ailils Baio, eeaed 2AlBeelen oMBe RANE aan oS anf eerie S2c sa 240) srHatidled uae) aaa amu emia By SEA ANU ada cise ails anereer eimi enasieai yor 2nlee! aie eyed & ati 2020-29 E2Pattet seh ga sialon 31.av9E9.63 Ses 518™T ANNUAL REPORT 2020- 2021 anf eae anual 3, anuer, Riaiei due agisiesc! 9 eichusies spol 52) 8. cise) gq sido atl 2020-84 ati 1d BLawEEA.C SS UCle2) B. Clee ue aimntai Yel we aia cfd @1.t00/- 52st s1dloied ariol og @. 8 Vel ac anveiad g1.200)- salsa aed sialone self. 23 atta) dell @ 3 dete) a1 aoo]- S2sel ag, 25%efl ened 8 242 go eaevertad 31ao0]- selsel ag 2siie{ Rieie sa @. aianiels aun 31.¢02.N3 Sadsefl ave 218 wer for? 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Asal ate fighting against the Pandemic, We the Board of Directors of The Kalupur Commercial Co-Operative Bank wishes the healthy and happy lfe to all and every living creature on the earth, 518™T ANNUAL REPORT 2020- 2021 Dear shareholder Brothers and Sisters, We, the Board of Directors, have great pleasure in presenting 51° Annual Report on the business and operations of the bank along with Annual Accounts, the Statutory Auditors’ report and details of activities done by our bank for the year 2020-21 Bank's performance during the year 2020-21 During the year, the performance of our bank in the area of deposit, advances and profitability was satisfactory. Bank's total business mix has reached to Rs, 14161. 93 crore at the end of the year 2020- 2L.Out of 59 branches, 46 branches have crossed business mix of Rs 100 crore, of which 29 branches have crossed business mix of Rs 200 crore. 33 branches have deposits above Rs 100 crore and 10 branches have advances above Rs 100 crore Ashram Road branch, Ahmedabad with deposits of Rs 902.53 crore and SME & Mid Corporate branch, Ahmedabad with advances of Rs 1082.56 crore rank first. Board of Directors conveys appreciation to employees and officers of these branches. KEY FINANCIAL INDICATORS OF THE BANK (Rs. in crore) Item 2019-20 2020-21. % Change «Share capital 94.45 100.16 (+) 6.04% ‘© Membership 36657 63369) 11.85% 1 Reserves 13519515399 (4) 13.85% Deposits 7837.03 8742.53 (+) 11.55% * Advances 491824 $419.40 (+) 10.19% ‘ Investments including 428010 4614.95 (+) 7.82% Govt. Securities and Bank deposits © Working Capital 989042 10912.16 (+) 103% Net profit 12850 150.76 (+) 1732% Gross income 35458 869.32 (1) 172% = Gross Expenses 4487 618.79) 404% Credit deposit ratio 21% ~—~—«6L9N%—()~—~«iAM © CRAR T760% —*1863% —(*) 58% Gross NPA 7541 7794 (*) 3.35% (153%) (2.44%) f Net NPA 0.00% 0.00% aBank's authorized share capital is Rs 125 crore. AS against this, bank’s paid up share capital is Rs. 100.16 crore at the end of the year 2020-21 where as it was Rs 94.45 Crores in 2019-20 which shows an increase of 6.04 % over the previous year. Bank's membership has also gone up from 56657 to 63369 as on 31.03.2021. Bank's reserves which is an indicator of financial strength of the bank, have reached to Rs 1539.19 crore registering a growth of 13.85%. The CRAR of the bank stood at 18.63 %. This can be considered quite satisfactory compared to 9% benchmark prescribed by RBI. Thus, continuous increase in share capital, increase in bank's reserves and healthy CRAR are indicators of sound and professional administration of our bank. Bank's Board of Director is conscious about diligent use of bank's reserves, Growth in Deposits Increase in Bank's Deposits shows trust of the people in Bank’ true and fair management and abilty to cater all class of people. At the end of the year, bank's deposits have reached to Rs.8742.53 crore with growth of 11.55%. During the year, our bank has aligned interest rates on deposits from time to time so as to be competitive with peer banks for canvassing and retaining deposits. CASA deposits of the bank stood at Rs. 3203.55 crore, forming 29.52 % of total deposits. As you know profitability of the bank depends mainly upon CASA deposits; entire Board and staff members put in continuous efforts for increasing CASA deposits. During the year 2020-21, 33700 new savings accounts and 4175 new current accounts have been opened. Bank extends several benefits to Premium / Privilege / Special category Savings / Current account holders in service charges. Bank extends various services like Mobile Banking, Internet Banking, Non-Financial app, Debit Cards, various insurance schemes of Government, and other technology supported services due to which customer base of the bank has increased. Bank gives immense importance to excellent customer service. Board of Directors requests members and well-wishers to extend, their full support for increasing customer base. (Our bank deposits up to Rs. 5.00 lacs are covered under Deposit Insurance and Credit Guarantee Corporation (DICGC) and bank regularly pays premium on them: TOTAL ADVANCES ‘At the end of the year, bank’s advances have reached Rs 5419.40 crore with a growth of 10.19% as compared to last year figure of total advances, There has been’ considerable growth in bank’s MSME and Export Sector advances. In case of Retail advances also there has been considerable growth in Education Loans, Home Loans, Car Loans etc. Overall Bank is focusing more on growth of core advances business keeping in view special directing and targets for Prime Urban Co-operative Banks prescribed by Reserve Bank of India, Interest rates on advances of our Bank are quite competitive; the benefit of which is availed by large number of customers. The MSME sector in our country plays vital role in economic development and ‘employment generation and our bank is also making sincere efforts to increase finance to this sector. Moreover, Agro based industries are offered special interest rates for advances. Bank extends Housing finance at a very attractive rate of interest. Apart from that, bank also offers various retail products at very attractive interest rates. The borrowers having better credit rating are given concession in interest rate under Credit Rating scheme introduced since last more than 10 years. Bank Guarantees issued by our bank are accepted by various Gujarat Government departments, Boards, Corporations, Public Sector Undertakings etc. Witha view to increasing advances, bank has launched. "Golden Jubilee Welcome Scheme” in the year 2019- 20 which had been extended up to 31-03-2021 to ‘augment new priority sector advances Credit deposit ratio of the bank for the current year is. 61.99%. Bank also provides various retail loans like Home loan, Car loan, Education loan at attractive interest rates. Bank expects moderate growth in advances in 2021-22. Bank makes continuous efforts to maintain quality of advances so as to avoid the accounts turning into NPA category. The Board of Directors congratulates all those who are involved in this work INTRODUCTION OF REPO LINKED LENDING RATE: (RLLR) Bank has introduced Repo Linked Lending Rate (RLLR) for Housing Loan and Car Loan borrowers. Bank was ‘among the few in cooperative sector to adopt the method for Pricing the advances.PRIORITY SECTOR ADVANCE As per RBI guidelines, UCBs have to extend 45% advances of their Adjusted Net Bank Credit to Priority Sector and 10 % advances to Weaker section and 7.50% advances to Micro Enterprise. At the end of the year 2020-21 the final average priority sector advances stood at 46.06% after giving effect of Priority Sector Lending Certificates purchased and sold. The weaker, section advances stood at 10.14%. The Micro Enterprise advances stood at 7.96% against the target of 7.50%. Likewise, bank has achieved all the Priority sector targets and sub- targets during the FY 2020-21. The Micro Credit advances stood Rs. 601 crores. In order to widen the coverage of Micro Credit , al the branches are canvassing Micro Credit loans at their respective branches keeping in view impact of COVID- 19 pandemic in very small loan applicants. Finance to MSME Sector MSME sector plays important role in employment generation. Hence, Government as well as Reserve Bank of India focus more on increasing such advances to this sector. Accordingly, our bank is also making sincere efforts to increase finance to this sector. Several branches are located in the industrial areas for extending finance to MSME units. Bank has also formulated cluster-based schemes to encourage specific cluster finance under MSME sector like Textile cluster, Printing cluster, Agro based cluster, Cotton Ginning cluster. Bank's finance to this sector has reached Rs. 2073 crore as on 31.03.2021. Micro, Small and Medium Enterprises (MSMEs) are likely to grow faster in view of high priority being accorded to this segment. After Pandemic, businesses related to Agro Based Advances, Pharmaceutical and Pharma-chem, Textile, Chemical, Construction activities and related industries, Renewable Energy etc. are expected to grow at higher rate as compared to other industries, Bank will continue to work hard to increase the exposure in these industries, to build healthy credit portfolio. Further, to improve NIM, CD Ratio and to deploy sizeable funds in high yield advances, the Bank has introduced MSME (Golden Jubilee) Welcome Scheme, for Takeover of Priority Sector Advance accounts from Other Banks / Fis. Moreover, the Bank is now focusing on Advance accounts with ticket size of less than Rs, 100.00 lakh, by introducing various new schemes and also by relaxing various other Credit related norms, to achieve 518™T ANNUAL REPORT 2020- 2021 ceiling for credit risk per borrower, at least 50% of its aggregate loans and advances by 31-03-2024 as prescribed by RBI. MICRO CREDIT - WOMEN EMPOWERMENT Since last few years, in terms of Government policy and RBI guidelines, our bank has taken various steps tojincrease Micro Credit Advances to Weaker Sections of the society to make affordable finance available to them for their upliftment and social well-being. A separate Division has been formed in the bank for systematic planning and focused attention on micro credit. Major beneficiaries of micro credit are women. Such advances provide them employment ‘opportunities to support their families. Due to such advances, standard of living of women beneficiaries has improved and they have become financially literate. This is a forward step towards women ‘empowerment. Till March-21, bank has extended finance of Rs. 3.53 crores to about 2600 women beneficiaries The Board of Directors conveys appreciation to the ‘employees involved in this work and exhorts them to ensure that the advances portfolio under this category remains healthy. ATMANIRBHAR GUJARAT SAHAY YOJANA -1 & 2. ‘Our bank has successfully implemented Subsidized interest loan scheme introduced by the Govt. Of Gujarat for providing financial support to restart business activities of Artisans, Small Businessmen, Middle class people, workers etc who are facing ‘economic hardship due to Novel Corona Virus - Covid- 19. As per Govt. Resolution, loan Up to Rs. 1,00,000 has been made available under AGSY-1 at the net interest rate of 2% and loan up to Rs. 2,50,000 is made available under AGSY-2 at the net interest rate of 4%. Under the AGSY-1 scheme bank has financed Rs, 1876.00 Lakhs to 2094 borrowers and AGSY-2 Rs. 1750.00 Lakhs to 7006 borrowers. NON-PERFORMING ASSETS (NPAs) - ‘GROSS NPAs ~ 1.44%, NET NPAS - 0.00% The entire banking industry in our country is facing problem of considerable increase in NPAs in the wake ‘of COVID-19 pandemic situation. However, amidst the adverse economic & business environment Gross NPAs of our Bank have remained Rs 77.94 crores at the end of the financial year 2020-21 which is 1.44% of total advances. It also includes NPAs of erstwhile merged banks with our bank. During the pandemic situation of COVID-19, bank hasrecovered Rs.10.17 crores during the financial year 2020-21 from NPA accounts in turn Gross NPA have declined from about 1.53% to 1.44% at the end of the Financial Year 2020-21. ‘As per RBI guidelines, bank is required to make a provision of Rs. 99.03 crores for standard advances as well as NPA accounts. However, since our bank has already made a total provision of Rs.233.27 crores, Net NPAs of our bank have remained at zero percent as in the past several years. However, COVID-19 may have adverse impact on credit portfolio and its likely that NPAs may increase during the next Financial Year. During the year under review, our Board has approved to write off / waiver in 61 Non-Performing Assets accounts after granting relief in principal / uncharged interest, penal interest, and other expenses and to charge off two accounts. These 61 accounts include 25 accounts in which relief is granted to the tune of Rs 31.03 lakh in ledger outstanding. For the purpose of cleaning of Balance Sheet and subject to continue the recovery process, an amount aggregating Rs. 9.78 crore in 7 accounts, has been transferred to Prudential Written Off Account. The Board has taken these decisions of write off / charge off / waiver in terms of the authority given to it by the General Body. The Board requests this house to ratify the action of the Board. Board also requests this house to give permission to the Board to write off / charge off / consider waiver etc. in non-performing accounts during the Financial Year 2021-22. RECOVERIES IN WRITTEN OFF ACCOUNTS Our bank pursued a policy of prudential write-off / charge off certain NPA accounts, in which chances of any recovery are very rare. These accounts were actually written off with the permission of General Body during the year 2013-14. However, the efforts of recovery in such accounts were continued by bank. We have to add that during the year 2020-21, our bank has recovered Rs. 40.66 lakhs from such written off / charged off accounts. FINANCE TO DIRECTORS OF OUR BANK (Our bank strictly complies the guidelines of Reserve Bank of India regarding loans and advances to Directors, their relatives, and firms / concems in which they are interested. INVESTMENTS ~ RS 4614.95 CRORE Our banks total investments were to the tune of Rs 4280.10 crore at the end of the year 2019-20, which increased to Rs. 4614.95 crores at the end of the year 2020-21. The investments under SLR category were Rs. 2169.99 crore, Non-SLR category of Rs 782.26 crore, deposits with other banks of Rs 1391.70 Crore and Call Money / TREPS / Reverse Repo / lending of Rs 271.00 Crore. Our bank has created an Investment Depreciation Reserve of Rs. 27.00 Crore to guard against possible risk due to market volatility. Further, Investment Fluctuation Reserve of the bank stood at Rs 85.00 crore which is 6.01% of the AFS & HFT portfolio. Bank is taking adequate care to ensure that the investments of bank are safe and secured. Bank's Non-Performing Non-SLR investment is NIL. The bank has adhered to all the exposure limits in Non-SLR and Inter-bank placement as per the RBI guidelines. The figures of Investment Portfolio show efficiency and proficiency of management in handling funds. RISK MANAGEMENT The banking systems and procedures, technological changes and market risks have undergone sea change in the present time. As a result, Risk Management has gained immense importance. Banks have to manage mainly Operational Risk, Credit Risk and Market Risk. ‘Our bank has put in place adequate practices and procedures to manage these risks. Bank has formed Investment committee also to study market risk, which meets periodically and takes appropriate decisions. ‘The credit riskis mitigated by regular audit, inspection, decentralization of powers to sanction advances, fixation of exposure ceilings, monitoring, inspection, credit rating etc Bank ensures risk-based supervision of branches, Bank's Audit Committee also focuses on these areas. Being an Authorized Dealer in Forex, having AD category 1 license, our bank has to face country risk also, Our bank has prescribed Bank-wise & Country- ‘wise exposure ceilings and they are reviewed from time to time. With the increase in the technology adoption and use of digital channels by banks and its customers for various banking operations, there is significant increase in cyber frauds. Bank has implemented physical, administrative and technical controls for information and cyber security to safeguard customer's sensitive information and to protect our bank from such cyber-attacks. Bank has been issuing various advisories through Email / SMS / on its website to increase cyber security for customers on regular basis. All members are requested to go through the advisory and act accordingly. Bank's Assets Liability Committee meets periodically to study and manage liquidity risk, and ensures timely submission of liquidity returns to RBI and also takes care to avoid any possible default in maintenance of CRR / SLR. Our Bank has never defaulted in maintenance of CR / SLR. Board appreciates the work done by these departments‘Thus, considering the importance of risk management, our bank is following prudent practices and procedures and systems are being strengthened from time to time. APPROPRIATION OF PROFIT AND DIVIDEND 518™T ANNUAL REPORT Total Income _: Rs 869.32 crore Net Profit: Rs 150.76 crore Dividend = 15 % (proposed) Weare pleased to inform you that bank's Total Income has increased to Rs 869,32 crore as on 31.03.2021 as ‘compared to last year total income of Rs 854.58 crore, Aiter deducting total expenses, taxes and provisions from this income, bank has achieved Net Profit of Rs. 150.76 crore, which was Rs. 128.50 crore last year. Due to efficient administration, Net profit of the bank is steadily increasing, which ultimately results into increase in reserves as well. As per provisions of bank’s Bye-laws and RBI guidelines, Board recommends profit appropriation as below and requests this house to approve the same. Analysis of Targets and Budget for the year 2021-22 2020- 2021 No Particular Amount (Rs.) 1 Reserve funds (25%) 37,68,98,627.83 2 Education fund 3 Unforeseen losses fund 15,07.59451.13 4 Dividend (15%) 1404.28 370.00 5 uilng fund 3015.18 902.26 © Charity fund 3,01.51,89023 7 Investment factuation fund 163400,000.00 SResenetind __—_—~=~S~*« SR LBRATS Total Net Profi 1,50,75,94,511.32 Board recommends to this house to approve 15 % dividend for the year 2020-21. Assessment of Targets and Budget for the year 2021-22. Bank reviews achievement against the targets given for the year and gives targets for the current year in the beginning of every year. The targets are given after (Rs, In Crote) No Particulars 2020-21 2020-21 2021-22 (Target) (Actual Achievement) _(Target) 1 Share Capital 95.00 100.16 105.00 2 Reserves and surplus 1450.00 1539.19 1600.00 3 Deposits 8000.00 874253 9350.00 (Of which CASA deposits 2500.00 320355 3350.00 4 Investment including deposits with banks 4500.00 461495 4900.00 5 Advances 5000.00 5419.40 5850.00 6 Working capital 110600.00 0912.16 1130.00 7 Gross income 813.70 86932 837.00 8 Gross expenses 603.20 618.79 612.00 9 Operating profit 210.50 25053 225.00 10 Net profit 135.00 150.76 147.00 11 NPA recovery 50.00 10.17 30.00considering the views of the concerned staff. As this process is carried out in the beginning of the year, the staff gets sufficient time for planning. The branches doing admirable work in achieving the targets are complimented. During the year 2020-21 our bank has done satisfactory work in achieving various targets. Its credit goes to all Staff members, Board of Directors, Branch Development committee members, customers and well-wishers. The Board has also prepared budget for the year 2021- 22 which is presented to this house with a request to approve the same. BOARD OF MANAGEMENT In terms of RBI Notification as per circular No: RBI/ 2019-20/128 DoR (PCB).BPD.irNo. 8/12.05.002/2019- 20 December 31, 2019 and subsequent guidelines UCBs with Deposit size of Rs. 100.00 crore and above shall constitute Board of Management latest by 30" June, 2021. ‘Amendment in Bye-Laws has been made and Bank has formed Board of Management in compliance of RBI guidelines. CORPORATE GOVERNANCE-CUM-CO-OPERATIVE GOVERNANCE Right from inception, our bank follows basic principles of co-operative values. Our bank lays importance to corporate governance in its administration, but at the same time, follows co-operative principles. Following this policy, our bank has merged eight small weak / sick co-operative banks in order to protect their members and depositors. Bank's Board of Directors takes decisions keeping in mind bank's responsibility towards society and its share-holders, following RBI guidelines in letter and spirit with complete transparency. As per RBI guidelines, two Professional Directors are co-opted by the Board and they provide their valuable services to the bank. Bank's Board meets regularly in which majority of Directors remain present. The committees formed for extending support to the Board meet regularly and take decisions that are helpful to the Board. Board invites invitees as perrules and gets benefit oftheir services as and when required, FOREIGN EXCHANGE DEPARTMENT Our bank is the first urban co-operative bank which holds permanent AD category license in Gujarat. Bank has done foreign exchange turnover of Rs 13115.00 crore during the year. Bankundertakes all Forex related transactions. Our bank offers forex related services at highly competitive rates. Our bank is dealing in foreign currencies like USD, GBP, Euro, Canadian dollar and Japanese Yen, ete Bank provides al services related to import and export. In case of exports, Bank provides various facilities like Export packing credit, Foreign bills collection, foreign bills purchase/ discounting/ negotiation etc. at very competitive rates. In case of imports, bank provides various facilities like Foreign Letter of credit FLC), Buyers credit/ Suppliers credit, Foreign Bank Guarantees, Forward Contract, etc. The Department uses Reuters/Tickers/CCIL services and dealing room is available at Ahmedabad. Bank provides international payment facility by direct SWIFT system, Our bank’s name is included in International Bank Directory. Our Bank's SWIFT system works very efficiently. We urge all businessmen and Industrialist engaged in international business to take maximum benefit of our foreign exchange services. CURRENCY CHEST Our bank obtained permission from RBI for opening currency chest during the year 2017. Bank's currency chest is actively functioning and it gives facility to customers and banks for cash management. Apart from this, bank also provide cash management facility to 19 small cooperative banks and small finance banks. PARA BANKING SERVICES Banking industry is facing fierce competition in the present time. So, itis very necessary for banks to earn income from sources other than core banking activities, so as to make reasonable profit. This income should normally meet with administrative expenses. (Our bank, however, earns good income from various para banking services such as Life Insurance, General Insurance, Demat & ASBA, Stamp Franking, PAN Card etc. We request all of you to avail benefit of such services. INTERNET BANKING Our bank provides internet banking facility to Corporate customers as well as Retail customers without any charge. Bank provides internet banking services under secured environment and is subject to IT security audit. Through internet banking, customers can avail internal/ external fund transfer, view/ print statements, know status of cheque, send request for new cheque book, Create Fixed deposit, pay bills etc, services from their Laptop/ Desktop or Mobile devices.‘We expect maximum customers to avail this facility At the end of this year, 7477 corporate customers and 110947 retail customers have availed this facility. With a view to increasing use of internet banking, bank has waived charges for NEFT/ RTGS transactions when done through Internet Banking channel. Therefore, ‘customers are advised to take maximum benefit of these services. MOBILE BANKING ‘We got overwhelming response from our customers Using our Mobile banking application including IMPS and UPI Bank has increased customer base for the existing mobile banking and IMPS facility from 47877 to 71143 customers and UPI facility from 13746 to 51568 customers, We have also observed high volume of transactions in Mobile banking than any other delivery channels. We advise customers to take maximum benefit of this facility post COVID-19 pandemic situation to avoid physical contact / maintain social distancing. Bank has also introduced Non-Financial App where in customers can see their balance inquire about transactions, view demat details, mini statement, interest certificate etc. DEBIT CARD Our Bank offers two types of Debit cards - Kalupur Bank RuPay Classic card and Kalupur Bank RuPay Platinum card at a very nominal yearly fee and can be Used not only at our Bank ATMs but also at other Bank ‘ATMs across India. Customers can use Kalupur Bank Debit cards to make e-Commerce transactions as well as enjoy convenience of shopping at Merchant establishments across India displaying the RuPay logo. Usage of both the cards is completely free at our Bank's ATMs. Customers are requested to make maximum Use of Debit cards across all delivery channels, ATM CENTRES Our Bank has total 62 ATMs, which include 6 off-site ‘ATMs. which ATMs extend 24 x 7 hour service with facility of Air conditioners and are secured by security guards, siren and CCTV surveillance and good sorted currency notes. Other Bank's ATM cardholders can take maximum benefit of services of our ATMs. In addition to this, with 13 banks (having Inter operative Cash Deposit facility), our Bank's customers can deposit cash in other Banks and other Bank's customer can deposit cashin our Bank through Cash Recycler/BNA Machines = this facilty is currently available at Panchvati Branch, 518™T ANNUAL REPORT 2020- 2021 ‘Ahmedabad and Sola Road,Branch Ahmedabad with more to be added in the future. Our Bank's customer can directly make entry through Passbook Kiosk Machine in 36 Branches. We request everyone to take maximum benefit of these facilities. LOCKER SERVICE Modern banking requires safe deposit locker facility through well-furnished premises. ‘Our bank extends locker service at 50 branches. Bank makes earnest efforts to provide more and more lockers. Since the locker rent charged by our bank is very reasonable and very low and locker halls are well furnished and Air conditioned, more and more ‘customers are taking benefit of locker services. DEMAT SERVICE/ASBA SERVICE Bank's Demat department is functioning since 1999. 58 Branches provide Demat facilities All the branches of our bank extend ASBA service to customers. During, the year, our bank has accepted 324266 applications under ASBA facility for 70 IPO/FPO/Right issues. Bank has started facility of IPO application through Mobile application and also providing UPI services to submit IPO applications to syndicate brokers. Bank also provides Missed Call facility for Demat account balance PAN CARD SERVICE All the branches of our bank receive applications for issue of Income Tax Permanent Account Number. We request to take benefit of these facility. E-TAX SERVICE ‘Our bank extends e-tax service free of charge for payment of various taxes by our customers, in collaboration with other Banks. Under this services, customers can make payment of various taxes like Income tax, TDS, GST,VAT, Custom Duty, ESIC, EPFO, TDS on Sale of Assets etc. Large number of customers are availing benefit of this facility. STAMP FRANKING SERVICE -52- branches of our bank extend stamp franking service to members of public. Branches provide franking facility for any amount. Bank has also appointed DSAs for providing franking facility and as ‘on 31.03.2021 there are 331 DSAs for providing franking services across the branches.