8th ALCO Meeting (2022-23)

SARALA DEVELOPMENT & MICROFINANCE PRIVATE LIMITED

184, ANDUL STATION ROAD, JHOREHAT, HOWRAH – 711 302

INDEX OF AGENDA

THE EIGHTH MEETING OF THE ASSET LIABILITY MANAGEMENT COMMITTEE

(ALCO) OF SARALA DEVELOPMENT & MICROFINANCE PRIVATE LIMITED FOR
THE FINANCIAL YEAR 2022-2023 TO BE HELD ON FRIDAY, MARCH 03, 2023 AT 3:30
P.M. AT THE HEAD OFFICE OF THE COMPANY

Agenda
Heading of Agenda Note Annexure
Item No.

1. Election of the Chairperson & granting leave of absence, if any. -

2. To place before the Members the Minutes of the last Meeting held on A
January 02, 2023;

3. To consider induction of the Chief Financial Officer in the -

Committee;

4. To Consider and discuss the Action Taken Report; -

5. To place the Financials for the month of February, 2023; B

6. To present the ALCO Report as of February, 2023 for noting of the C & C1
Members;

7. Any other matter with the permission of the Chair. -

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8th ALCO Meeting (2022-23)

ITEM NO. 1

Welcome address by the Chair & granting leave of absence, if any

The Members of the Committee will elect the Chairperson & the elected chairperson will grant leave of
absence, if any.

ITEM NO. 2

To place before the Members the Minutes of the last Meeting held on January 02, 2023.

The Minutes of the last ALCO Meeting conducted on January 02, 2023 is placed as Annex-A for
perusal of the Members. The Members may pass the following resolution unanimously:

“RESOLVED THAT the Minutes of 7th ALCO Meeting for FY 2022-2023 held on January 02, 2023
placed before the Members, is hereby confirmed.”

ITEM NO. 3

To consider induction of the Chief Financial Officer in the Committee;

The Members are informed that post the resignation of Mr. Kuntal Banerjee and his disassociation
from the Company, Mr. Rahul Rungta, the Chief Financial Officer is hereby proposed to be appointed
as the new Committee Member.

The Member may consider the said proposal and if thought fit may consider the following resolution:

“RESOLVED that Mr. Rahul Rungta, Chief Financial Officer of the Company is hereby inducted in
the Asset Liability Management Committee (ALCO) with immediate effect.”

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 8th ALCO Meeting (2022-23)
Sr Action Discussed in the Action Taken
no. ALCO meeting dated

1. The Members suggested detailed analysis of the November 01, 2022  Responsibility: Accounts
cash inflow after bifurcation of the Assets into Head: To be updated by
Standard, Substandard and Non-Performing Accounts Head himself.
Assets and placing the same before the
Committee Members for updates and
information in detailed ALCO Report/ ALM
statement.
2. The Committee Members suggested that the December 01, 2022   Responsibility: Accounts
ALCO Report to be placed should highlight the Head : To be updated by
summary of the Company’s position in terms Accounts Head himself.
of Financial figures (Profit/ Assets quality/
future projection of cash inflow/ outflow/
Standard/ NPA assets, recovery trend,
repayment obligations etc) however the detailed
workings may be placed for information.

3.       Status on Form DNBS-10 (2019-2020) and November 01, 2022 Completed. Form DNBS-10
Form DNBS-4A and 4B facing technical has been filed successfully
glitches on RBI XBRL portal; with the RBI with Digital
Signature. However, there is
still no scope for filing
DNBS-4A and 4B by Sarala
at the RBI XBRL portal.
4. Net Interest Margin (NIM) Analysis of last December 01, 2022 Completed. The same has
quarters to know the cost of borrowings and been calculated and will
interest rate being charged by the Company; discussed during ALCO
Report presentation.

ITEM NO. 4

To Consider and discuss the Action Taken Report;

Action Taken Report; as per the discussion held at 7th ALCO-Jan 02, 2023)

ITEM NO. 5

To place the Financials for the month of February 28, 2023;

The Financials for the month of February 28, 2023 is placed as Annex-B for perusal of the Members.

Mr. Surajit Ghosh, Accounts Head will be further updating the Committee on the same.

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8th ALCO Meeting (2022-23)
ITEM NO. 6

To present the ALCO Report as of February 28, 2023 for noting of the Members;

The ALCO Report as of February 28, 2023 is placed as Annex-C along with C (1)-Net Interest
Margin (NIM) Calculation details for perusal of the Committee Members.

Mr. Surajit Ghosh, Accounts Head will be further updating the Report in detail.

ITEM NO. 7

Any other matter with the permission of the Chair