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Corporation Bank
Head Office P.B. No. 88,
Mangaladevi Temple Road, Pandeshwar, MANGALURU -575001.
Karnataka State
T 3TUtU A Premier Public Sector Bank
1ri #W 111TT INVESTOR SERVICES DEPARTMENT
Ref.: tISD/117/2019-20 ftFiw Date: 3d r June 2019
To, To, BSE Ltd, The Manager Corporate Relationship Department Listing Department, 1st Floor, New Trading Ring National Stock Exchange of India Ltd. Rotunda Building, P J Towers Exchange Plaza, 5 1h Floor, Plot No.C/1, C Block Dalal Street, Fort Bandra Kurla Complex, Bandra (E) MUMBAI -400 001 MUMBAI -400 051 http://listinq.bseindia.com-Listing Centre https ://www.connect2nse.com/LISTING/-NEAPS Ref.: Code No.532179 Symbol: CORPBANK
1 ' c Sir,
Annual Report containing Notice of Twenty Second Annual General Meeting of Shareholders of the Bank to be held on 29th June, 2019
*******
This has further reference to our letter No.ISD/087/2019-20 dated 17th May 2019 in the
above matter: we hereby submit a copy the Annual Report of the Bank sent to the
shareholders along with the notice of the Annual General Meeting.
This is in compliance of Regulation 34 (1) (a) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Yours faithfully,
rr S.K. Dash)
31"frfl 'ki1)
Deputy General Manager (Company Secretary)
, cida-1 End: IWT as above
E-mail : [email protected] ( :0824-2861888 / 2861500
TT:M WJt Do visit us at www.corpbank.com
1ANNUAL REPORT 2018-19
dm{f©H$ [anmoQ>© ANNUAL REPORT 2018-2019{df¶-gyMr CONTENTS
{ddaU Particulars n¥ð> g§. Page No. 1. JV Xg df© Ho$ {ZînmXZ H$s {d{eï>VmE§ Performance Highlights for the Last 10 Years 02 2. à~§Y {ZXoeH$ Ed§ _w»` H$m`©nmbH$ A{YH$mar H$m A{^^mfU Managing Director and CEO Statement 03 3. gyMZm Notice 10 4. {ZXoeH$m| H$s [anmoQ>© Directors’ Report 26 5. à~§YZ-dJ© H$m {ddoMZ Ed§ {díbofU Management Discussion & Analysis 37 6. H$mnm}aoQ> A{^emgZ na [anmoQ>© Report on Corporate Governance 76 7. {Z`m_H$s boImnarjm [anmoQ>© Secretarial Audit Report 123 8. {Z`m_H$s AZwnmbZ [anmoQ>© Secretarial Compliance Report 127 9. ZB© ny±Or n`m©ßVVm Ho$ T>m±Mo Ho$ {Xem{ZX}em| Ho$ A§VJ©V àH$Q>rH$aU Disclosure under New Capital Adequacy Framework guidelines 129 10. EH$b VwbZ-nÌ Ed§ bm^-hm{Z boIm Standalone Balance Sheet and Profi t & Loss Account 130 11. g‘o{H$V VwbZ-nÌ Ed§ bm^-hm{Z boIm Consolidated Balance Sheet and Profi t & Loss Account 205 12. H$mn© ~¢H$ {g³¶w[aQ>rµO {b. (AZwf§Jr H§$nZr) Ho$ boIo Accounts of CorpBank Securities Ltd. (Subsidiary Company) 248 13. Zm_m§H$Z \$m_© Nomination Form 279 14. EZEgrEM A{YXoe NACH Mandate 281
15. àm°³gr ’$m‘© Proxy Form 283
~¢H$ Ûmam Omar ~m±S> Ho$ {bE Q´>ñQ>r Trustees for Bond issued by Bank:
AmB©S>r~rAmB© Q´>ñQ>r{en g{d©gog {b{_Q>oS>E{e`Z {~pëS>¨J, {ZMbm Vb17, Ama. H$_mZr _mJ©, ~obmS>© EñQ>oQ>_w~§B© - 400 001Xya^mf : 022-40807000\¡$Šg : 022-66311776/40807080B©_ob : [email protected]; [email protected]~gmBQ> : http://www.idbitrustee.co.in
IDBI Trusteeship Services Limited Asian Building, Ground Floor 17, R. Kamani Marg, Ballard Estate MUMBAI – 400 001 Ph : 022 – 40807000 Fax : 022-66311776/40807080 Email : [email protected]; [email protected] Website : http://www.idbitrustee.co.in
EpŠgg Q´>ñQ>r g{d©gog {b{_Q>oS> ê$~r Xygam Vb, SW 29 goZmnVr ~mnV _mJ© XmXa npíM_ _w§~B© - 400 028 Xya^mf : 022-62300442/62300426 B©_ob : [email protected] do~gmBQ> : http://www.axistrustee.com
Axis Trustee Services Limited
The Ruby, 2nd Floor, SW
29 Senapati Bapat Marg
Dadar West
Mumbai – 400 028
Ph : 022-62300442/62300426
Email : [email protected] Website : http://www.axistrustee.com
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Chief Financial Offi cerShri V. Muthukrishnan
Company SecretaryS. K. Dash
Statutory Central Auditors
M/s Datta Singla & Co.
M/s A. K. Sabat & Co.
M/s Pramod & Associates
M/s Chandran & Raman
M/s S. Ramanand Aiyer & Co.
a{OñQ´>ma Ed§ eo¶a A§VaU EO|Q>H$mdr© {\$ZQ>oH$ àm.{b.H mdr© gobo{Z`_ Qmda ~r. ßbmQ g§. 31 Ed§ 32,Jm{M~modbr, {dÎmr` {µObmZmZH«$m_JwSm, go{aqbJån{„h¡Xam~mX - 500 032 (Vob§JZm)Xya^mf… 040-67161500/67161514\¡ Šg… 040- 23001153B©-‘ob: [email protected]
Registrar & ShareTransfer AgentKarvy Fintech Private LimitedKarvy Selenium Tower B,Plot No. 31 & 32,Gachibowli, Financial DistrictNanakramguda, SerilingampallyHYDERABAD–500 032 (Telangana)Phone: 040-67161500/67161514Fax: 040-23001153E-mail: [email protected]
2
df© 2009-10 go 2018-19 VH$ ~¢H$ H$m {ZînmXZBank’s Performance from 2009-10 to 2018-19
(am{e ` H$amo‹S>> _| Amount ` in crores)
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
ny±Or Capital 143.44 148.13 148.13 152.91 167.54 167.54 204.50 229.41 333.11 1198.84
Ama{jV {Z{Y`m± Ed§ A{YeofReserves & Surplus 5631.43 6989.68 8127.80 9412.78 9917.56 10316.94 11161.39 12482.53 10512.74 15366.02
H$mamo~ma _mZX§S>Business Parameters
O_mam{e`m± Deposits 92733.67 116747.50 136142.20 166005.45 193393.01 199345.82 205170.84 220559.62 183315.94 184567.84
A{J«_ Advances 63202.56 86850.40 100469.02 118716.65 137086.30 145066.03 140322.24 140356.79 119868.83 121251.20
{Zdoe Investments 34522.63 43452.74 47474.63 58164.49 66191.21 63412.28 63280.64 64072.98 70349.75 59979.19
Hw$b Am` Total Income 8481.03 10459.62 14510.40 16942.02 19606.29 21038.91 21146.40 22561.78 19941.41 17494.69
ì`` {H$`m J`m ã`mOInterest Expended 5084.35 6195.51 9870.89 11908.23 14174.88 15486.10 15171.78 15020.46 12790.10 10114.16
n[aMmbZJV ì`` Operating Expenses 1259.95 1641.71 1783.55 1996.79 2392.01 2525.36 2879.60 3101.79 3200.88 3486.06
n[aMmbZJV bm^ Operating Profi t 2136.73 2622.40 2855.97 3037.00 3039.40 3027.45 3095.02 4439.53 3950.41 3894.46
{Zdb bm^ Net Profi t 1170.25 1413.27 1506.04 1434.67 561.72 584.26 -506.48 561.21 -4053.94 -6332.98
_w»` AZwnmV Key Ratios
ny±Or n`m©ßVVm AZwnmV (%)Capital Adequacy Ratio (%) 15.00
#12.90##14.11
#11.94##13.00
#11.38##12.33
##12.21###11.64
##11.80###11.09
##10.88###10.56
##11.90###11.32
##NA###9.23
##NA###12.30
Am¡gV AmpñV`m| na à{Vbm^ (%)Return on Average Assets (%) 1.28 1.21 1.06 0.88 0.29 0.28 - 0.23 0.23 -1.67 -3.14
B©pŠdQ>r na à{Vbm^ (%)Return on Equity (%) 20.26 20.70 18.20 16.27 5.72 5.68 - 4.64 4.66 -36.50 -46.21
à{V eo`a AO©Z (`) Earnings per Share (`) $81.58 $98.50 $101.67 $96.74 $35.75 $$6.97 $$- 5.48 $$5.17 $$-35.30 $$-30.06
à{V eo`a ~hr _yë` (`)Book Value per Share (`) $402.60 $497.62 $558.69 $645.76 $601.95 $$125.16 $$110.94 $$110.82 $$65.12 $$27.63
Am¡gV H$m`©erb ny§Or _| EZAmB©E_ (ã`mO A{O©V H$aZodmbr AmpñV`m±) %NIM to Average Working Funds(Interest earning assets) 2.41
2.85 2.48 2.29 2.10 2.07 2.06 2.12 2.32 3.05
Hw$b Am` _| ã`mOoVa Am` (%)Non-interest income to total income (%) 16.95
12.09 10.29 9.49 8.40 7.05 8.21 13.70 11.60 10.70
gH$b A{J«_m| _| gH$b EZnrE (%)Gross NPA to Gross Advances (%) 1.02
0.91 1.26 1.72 3.42 4.81 9.98 11.70 17.35 15.35
{Zdb A{J«_m| _| {Zdb EZnrE (%)Net NPA to Net Advances (%) 0.31
0.46 0.87 1.19 2.32 3.08 6.53 8.33 11.74 5.71
bm^m§e Dividend (`) $16.50 $20.00 $20.50 $19.00 $6.75 $$1.40 $$0.00 $$0.00 $$0.00 $$0.00
# ~ogb I Ho$ AZwgma As per Basel I.## ~ogb II Ho$ AZwgma As per Basel II.### ~ogb III Ho$ AZwgma As per Basel III.
$$ A§{H$V _yë` à{V eo a `2/- hoVw $$ For FV `2/- per share$ A§{H$V _yë` à{V eo a `10/- hoVw $ For FV `10/- per share
3ANNUAL REPORT 2018-19
FROM THE MANAGING DIRECTOR AND CEO
Dear Shareholders,
I am glad to have the opportunity to lead Corporation Bank as MD & CEO and I thank the Government of India for entrusting the responsibility to head this esteemed Bank in challenging times. We have the responsibilities to make the Bank modern and techno savvy, to increase the value for all its stakeholders and also to bring back the past glory to our beloved 113 year-old institution.
It gives me great pleasure to place before you the highlights of your Bank’s performance during the financial year 2018-19. Details of the achievements and initiatives by your Bank are provided in the enclosed Annual Report.
Economic Scenario:
As per the provisional estimates of Central Statistics Office (CSO), the Indian Economy is estimated to grow at 7.0% in the financial year 2018-19 as against 7.2% growth registered in the corresponding period last year. Despite a marginal slowdown over the last year, India has cemented its credentials as the world’s fastest expanding major economy in the world. Going forward, the economy is expected to display a better performance, considering the pick-up in consumption and private investments. Besides, a low inflation expectation for FY20 has created further room for monetary easing by the RBI, which is expected to support the growth momentum.
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4
As far as banking sector is concerned, reforming banks comprehensively is an important objective of the Government. As part of Reforms, the Governement and Public Sector Banks (PSBs) are jointly committed to launch “PSB Reforms Agenda” for Enhanced Access and Service Excellence (EASE). The Reforms Agenda addresses key functional areas in public sector banks, viz., overall governance, prudent lending, risk management, technology driven clean & smart banking, human resources etc. to transform the public sector banks landscape.
Insolvency and bankruptcy code (IBC) has also provided a time-bound resolution framework for the banking sector. IBC has helped the banks to expedite the Recovery process leading to large-scale NPA resolution and recovery.
Banks are also taking signifi cant steps towards digitalisation and are driving technology enabled banking. The mobile-based payments are revolutionising the payment landscape in the country. Also, the launch of digital platforms viz. psbloansin59minutes.com, TReDS, Udyamimitra etc., helps to drive digital lending to reach last mile.
The reform measures are creating a strong foundation for improving the performance of banking sector. With the capital infusion by the Government of India and expected improvement in their fi nancial performance, the banking sector is expected to position better in the days ahead.
Performance Highlights:
The major highlights of your Bank’s performance during 2018-19 are;
Business Growth:
Total Business of the Bank has reached `3,05,819.05 crore as on 31st March 2019 as against `3,03,184.79 crore as on 31st March 2018, which consists of Deposits `1,84,567.84 crore and total Advances `1,21,251.21 crore as on 31st March 2019.
During the year, the Bank concentrated on reducing the Bulk deposits and replacing it with retail deposits. The level of Bulk deposit has come down from 24.67% as at 31.03.2018 to 23.95% as on 31.03.2019.
The balance in saving accounts stood at `42,106.72 crore and Current Account stood at `16,199.76 crore as on 31st March 2019.
Share of CASA in total deposit improved to 31.59% as on 31.03.2019 as compared to 29.52% as on 31.03.2018.
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5ANNUAL REPORT 2018-19
Asset Quality and Provisioning:During the year the severe pressure on quality of assets and the rise of NPA in your Bank was not an isolated case but part of overall Industry phenomenon. The Gross NPA of your Bank decreased from `22,213.44 crore (17.35%) as at 31.03.2018 to `20,723.68 crore (15.35%) as at 31.03.2019 and Net NPAs decreased from `14,077.02 crore (11.74%) to `6,926.64 crore (5.71%) during this period.
The provision coverage ratio as on 31.03.2019 is 83.30% with respect to Gross NPA as against 63.65% as at 31.03.2018.
The focus during the year was on recovery of NPAs. The employees rose to the challenge and your Bank could effect a recovery in Prudential written-off accounts to the tune of `706.88 crore as compared to ` 318.06 crore in the previous fi nancial year.
Your Bank will continue its focus and rigorous efforts through vibrant credit monitoring and NPA recovery system to arrest effectively the rising trend in slippages during the coming years.
Other key performance indicators:
Total Income of the Bank decreased by `2,446.71 crore during the fi nancial year to reach `17,494.70 crore.
Interest Spread increased by `670.25 crore (13.85%) during the year. Non-Interest income decreased by `441.01 crore with a negative growth rate of 19.07% whereas non-interest expenditure increased by 8.91%. The increase in Interest Spread is on account of cash recovery in unrealised interest in NCLT accounts and upgraded accounts.
Cost of deposits of the Bank came down from 5.74% for the year 2017-18 to 5.40% for the year 2018-19.
Operating Profi t of the Bank stood at `3,894.47 crore during the year 2018-19. However, with increased provisioning on NPAs, the Bank posted net loss of `6,332.98 crore for the year 2018-19.
The Bank’s consolidated Net worth stood at `16,651.45 crore as at 31.03.2019.
Priority Sector Lending:
The Bank has achieved regulatory target under priority sector advances and its sub-sectors. Total Priority Sector advances stood at `63,247 crore as on 31.03.2019 which works out to 43.82% of Adjusted Net Bank Credit (ANBC) as against the regulatory target of 40%. As in the past years, your Bank conducted special campaigns during Financial Year 2018-19 to augment agriculture advances in both Rabi and Kharif seasons.
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df© Ho Xm¡amZ ã`mO àgma _o§ Ÿ`670.25 H$amo‹S (13.85%) H$s d¥{Õ hwB©& 19.07% H$s ZH$mamË_H$ d¥{Õ Xa Ho gmW J¡a-ã`mO Am` `441.01 H$amo‹S KQ JB©, O~{H$ J¡a-ã`mO ì`` _o§ 8.91% H$s d¥{Õ hwB©& ã`mO ñàoS _o§ d¥{Õ EZgrEbQr ImVmo§ Am¡a CÞ`Z {H$E JE ImVmo§ _o§ Aàmß` ã`mO _o§ ZH$X dgybr Ho H$maU h¡&
df© 2017-18 Ho 5.74% Ho _wH$m~bo O_m H$s H$s_V H$_ hmo H$a df© 2018-19 Ho {bE 5.40% hmo J`r &
~¢H$ H$m n{aMmbZ bm^ df© 2018-19 Ho Xm¡amZ 3,894.47 H$amo‹S na ahm& hmbm§{H$, EZnrE Ho àmdYmZ _o§ d¥{Õ Ho gmW, ~¢H$ Zo df© 2018-19 Ho$ {bE `6,332.98 H$amo‹S H$m ewÕ KmQm XO© {H$`m&
31.03.2019 H$mo ~¢H$ H$m g_o{H$V ZoQdW© `16,651.45 H$amo‹S Wm&
àmW{_H$Vm àmßV joÌmo§ H$mo G$U :
~¢H$ Zo àmW{_H$Vm joÌ Ho A{JŒ_mo§ Am¡a CgHo Cn-joÌmo§ Ho VhV {Z`m_H$ bú` hm{gb {H$`m h¡& Hw b àmW{_H$Vm goŠQa G$U 31.03.2019 Ho AZwgma `63,247 H$amo‹S na Wm, Omo g_m`mo{OV ZoQ ~¢H$ HŒo {SQ (ANBC) Ho 40%
Ho {Z`m_H$ bú` Ho gmnoj 43.82% h¡& {nNbo dfmoª H$s Vah, AmnHo ~¢H$
Zo {dÎm df© 2018-19 Ho Xm¡amZ a~r Am¡a Iar\ XmoZmo§ _m¡g_mo§ _o§ H¥${f A{JŒ_mo§
H$mo ~‹TmZo Ho {bE {deof A{^`mZ MbmE& BgHo Abmdm, AmnHo ~¢H$ Zo H¥${f
6
Furthermore, your Bank introduced tailor-made area specifi c schemes to cater to the specifi c needs of the farming community. A number of initiatives was taken by your Bank to support MSME sector, given its potential to generate employment and growth.
Micro, Small & Medium Enterprises :Bank has on-boarded loans in 59 minutes portal, an online marketplace, which will enable In Principle approval for MSME loans up to INR 1 Crore in 59 minutes. All credit proposals of GST registered MSME borrowers are routed through this portal.
Bank has proactively provided relief for MSME Borrowers registered under Goods and Services Tax (GST) as per RBI guidelines, thereby facilitating easy repayment of loan instalments for smaller entities facing diffi culty in meeting their repayment obligations.
Bank has also restructured eligible MSME borrowal accounts as per one-time restructuring facility provided by RBI.
In terms of guidelines issued by Ministry of MSME, Bank has claimed 2% interest subvention for eligible MSMEs during the fi nancial year 2018-19.
Retail Lending : More focus is being given to Retail Lending for the current FY 2019-20. Bank is going to upgrade its present LAPS package, which is used to process retail loan applications at present, by implementing End to End Digitisation (Loan Origination System) shortly within 2-3 months. This will help us to reduce the turn around time to great extent and also will help to maintain quality and monitoring.
Financial Inclusion: Government of India has allotted 2291 villages grouped into 894 Sub Service Areas (SSAs) spread across 23 states under PMJDY for providing basic banking facilities under Financial Inclusion Plan of Reserve Bank of India. Your Bank has provided banking infrastructure at the allotted villages/SSAs through brick & mortar branch at 269 SSAs. In the remaining 625 Sub Service Areas (SSAs) banking infrastructure is provided by engaging Bank Mitras. Apart from the 625 PMJDY locations, your Bank has engaged 127 Bank Mitras in Non-PMJDY locations wherever services of Bank Mitras are needed. Your Bank has opened branches including banking outlets in 3 aspirational districts allotted to us. Your Bank has provided robust, STQC certifi ed, 1.5.1 version compliant Micro ATMs to all the Bank Mitras and all are functioning well. The Micro ATMs along with pin pad have enabled all Bank Mitras to perform online,
g_wXm` H$s {d{eîQ Amdí`H$VmAmo§ H$mo nyam H$aZo Ho {bE joÌ {deof `moOZmE§
ewê H$s& amoOJma Am¡a {dH$mg H$s g§^mdZm H$mo XoIVo hwE E_EgE_B© joÌ H$mo
g_W©Z XoZo Ho {bE AmnHo ~¢H$ Ûmam H$B© nhb H$s JB© &
gyú_, bKw Ed§ _Ü`_ CÚ_: ~¢H$ A~ 59 {_ZQ> nmoQ>©b, EH$ Am°ZbmBZ ~mOma, Omo `1 H$amo‹S> VH$ Ho$ E_EgE_B© F$Um| Ho$ g¡Õm§{VH$ AZw_moXZ 59 {_ZQ> _| H$aZo _| gj_ H$aoJm, na Am MwH$m h¡& OrEgQ>r n§OrH¥$V E_EgE_B© CYmaH$Vm©Am| Ho$ g^r F$U àñVmd Bg nmoQ>©b Ho$ _mÜ`_ go àmá {H$`o Om aho h¢&
~¢H$ Zo Ama~rAmB© Ho$ {Xem{ZX}em| Ho$ AZwgma dñVw d godm H$a Ho$ VhV n§OrH¥$V E_EgE_B© CYmaH$Vm©Am| H$mo VËnaVm go amhV àXmZ H$s h¡, {Oggo N>moQ>r g§ñWmAm| Ho$ {bE F$U H$s {H$ñVm| H$mo MwH$mZo _| AmgmZr hmo ahr h¡ {OÝh| AnZo ^wJVmZ Xm{`Ëdm| H$mo nyam H$aZo _| H${R>ZmB© hmoVr h¡ &
~¢H$ Zo Ama~rAmB© Ûmam àXmZ H$s JB© EH$ ~ma nwZgªaMZ gw{dYm Ho$ AZwgma nmÌ E_EgE_B© CYma ImVm| H$mo nwZgªa{MV {H$`m h¡&
E_EgE_B© _§Ìmb` Ûmam Omar {H$E JE {Xem-{ZX}em| Ho$ g§X^© _|, ~¢H$ Zo {dÎmr` df© 2018-19 Ho$ Xm¡amZ nmÌ E_EgE_B© Ho$ {bE 2% ã`mO amhV H$m Xmdm {H$`m h¡&
IwXam F$U :
dV©_mZ {dÎm df© 2019-20 Ho$ {bE IwXam F$Um| na A{YH$ Ü`mZ {X`m Om ahm h¡& ~¢H$ AnZo dV©_mZ EbEnrEg n¡Ho$O, Omo A^r IwXam F$U AmdoXZm| H$mo àg§ñH¥$V H$aZo Ho$ {bE Cn`moJ _| AmVm h¡, H$mo AJbo 2-3 _hrZm| Ho$ AÝXa E§S>-Qy>-E§S> {S>OrQ>mB©OoeZ Ho$ gmW CÞV H$aZo Om ahm h¡& `h h_| Q>Z© AamC§S> Q>mB©_ H$mo H$m\$s hX VH$ H$_ H$aZo Am¡a JwUdÎmm Ed§ {ZJamZr aIZo _| _XX H$aoJm&
{dÎmr` g_mdoeZ :
^maV gaH$ma Zo ^maVr` {aµOd© ~¢H$ H$s {dÎmr` g_mdoeZ `moOZm Ho VhV
~w{Z`mXr ~¢qH$J gw{dYmE§ àXmZ H$aZo Ho {bE nrE_OoSrdmB© Ho VhV 23 amÁ`mo§
_o§ \¡ bo 894 g~ g{d©g E{a`m (EgEgE) _o§ 2291 Jm§dmo§ H$mo Am~§{QV {H$`m
h¡& AmnHo$ ~¢H$ Zo 269 EgEgE na emIm Ho _mÜ`_ go Am~§{QV Jm§dmo§/
EgEgE _o§ ~w{Z`mXr ~¢qH$J Tm§Mm àXmZ {H$`m h¡& eof 625 g~ g{d©g E{a`m
_o§ ~¢H$ {_Ì ~ZmH$a ~w{Z`mXr ~¢qH$J Tm±Mo H$mo àXmZ {H$`m Om ahm h¡& 625
nrE_OoSrdmB© ñWmZmo§ Ho Abmdm, AmnHo$ ~¢H$ Zo J¡a-nrE_OoSrdmB© ñWmZmo§ _o§
Ohm§ ^r CZH$s godmE§ Amdí`H$ h¢, 127 ~¢H$ {_Ì aIo h¢ & ~¢H$ Zo h_mao
{bE Am~§{QV 3 Ano{jV {Obmo§ _o§ ~¢qH$J AmCQboQ g{hV emImE§ Imobr
h¢& AmnHo$ ~¢H$ Zo g_ñV ~¢H$ {_Ìmo§ H$mo geº, EgQrŠ`ygr à_m{UV, 1.5.1
dg©Z go `wº _mBHŒ mo EQrE_ CnbãY H$admE h¢ Am¡a `o g^r AÀNm H$m_
H$a aho h¢& {nZ noS Ho gmW _mBHŒ mo EQrE_ Ûmam g^r ~¢H$ {_Ì Am°Z bmBZ,
A§Va g§Mm{bV, AmYma Ed§ {nZ AmYm{aV boZXoZmo§ H$mo g§^mbZo _o§ g_W© h¢&
7ANNUAL REPORT 2018-19
interoperable, Aadhaar & pin based transactions. Your Bank has appointed Financial Inclusion Supervisors at 12 Zonal Offi ces to monitor all the activities of Bank Mitras
Social Security Schemes :
Considering the importance provided by the Govt. of India on the Social Security Schemes, Bank has conducted special campaigns during the FY 2018-19 to promote Pradhan Mantri Jeevan Jyoti Bima Yojana [PMJJBY}, Pradhan Mantri Suraksha Bima Yojana [PMSBY] and Atal Pension Yojana [APY]. During the year, Bank had fresh enrolments of 61,244 under PMJJBY and 1,50,761 under PMSBY apart from renewals of 4,00,295 under PMJJBY and 10,85,044 under PMSBY. Bank also enrolled 37,312 under APY during the year FY2018-19.
New Products launched:
• Bank has replaced the existing Internet Banking with a contemporary New Internet Banking viz., “FEBA”- Finacle e-Banking Application with a host of added features and facilities. FEBA has been made available to customers with effect from 10.09.2018. Customizable desk-top transaction limit, self-registration, Mobile Token for quick access of the application are some of the key features of FEBA.
New Initiatives:• Bank’s fully revamped Mobile Banking Solution CorpEASE
was rolled out for both Android and iOS platforms. CorpEASE collaborates a host of banking operations like funds transfer, bill payment, deposit opening & closure, cheque book request, passbook management, holiday information etc., enabling the customer to do banking transactions at the time and location of his convenience. The application is available in English, Hindi and eight other Indian languages - Kannada, Tamil, Telugu, Malayalam, Marathi, Gujarati, Punjabi and Oriya. The Bank has also introduced the features of Green Pin [online debit card pin generation], and a facility for customers to block/unblock their debit cards as per their need.
• To enhance customer experience and convenience, the Bank went live on “TABLET Banking’’ for Domestic customers for opening running accounts. Customer authentication is done through eKYC and the details are parsed and updated in Core Banking Solution automatically.
CSR and Empowerment Initiatives:1. The Corporation Bank Economic Development
Foundation (CBEDF)® a non-profi t economic outfi t Trust has been pursuing its objectives of fulfi lling social obligation in tune with corporate mission. All CSR activities of the
AmnHo$ ~¢H$ Zo ~¢H$ {_Ì H$s g^r J{V{d{Y`mo§ H$s {ZJamZr Ho {bE 12 A§Mb
H$m`m©b`mo§ _o§ {dÎmr` g_mdoeZ n`©dojH$ {Z`wº {H$E h¢&
gm_m{OH$ gwajm `moOZm`| :
^maV gaH$ma Ûmam gm_m{OH$ gwajm `moOZmAm| H$mo {XE JE _hËd H$mo Ü`mZ _|
aIVo hþE, ~¢H$ Zo {dÎm df© 2018-19 Ho$ Xm¡amZ àYmZ _§Ìr OrdZ Á`mo{V ~r_m
`moOZm (nrE_OoOodmB©), àYmZ _§Ìr gwajm ~r_m moOZm (nrE_Eg~rdmB©) Ed§
AQ>b n|eZ moOZm (EnrdmB©) H$mo àmoËgm{hV H$aZo hoVw {deof A{^`mZ Mbm`o&
df© Ho$ Xm¡amZ, ~¢H$ Zo nrE_OoOodmB© Ho$ A§VJ©V 61244, nrE_Eg~rdmB© Ho$
A§VJ©V 1085044 ZE n§OrH$aU àmá {H$`o& ~¢H$ Zo EnrdmB© Ho$ A§VJ©V ^r
37,312 n§OrH$aU àmá {H$`o&
ZE CËnmXmo§ H$s ewéAmV :
• ~¢H$ Zo _m¡OyXm B§QaZoQ ~¢qH$J H$mo EH$ g_H$mbrZ ZE B§QaZoQ ~¢qH$J
AWm©V "E\ B©~rE - {\ ZoH$b B©-~¢qH$J EßbrHo eZ' Ho gmW ~Xb
{X`m h¡ {Og_o§ H$B© Vah H$s {deofVmE± Am¡a gw{dYmE§ h¢& Eµ\ B©~rE
10.09.2018 go JŒmhH$mo§ Ho {bE CnbãY H$am`m J`m h¡& AZwHy bZ mo½`
SoñH$-Qm°n Q—m§OoŠeZ {b{_Q, goë\ -a{OñQ—oeZ, EpßbHo eZ Ho Ëd{aV
Cn`moJ Ho {bE _mo~mBb QmoH$Z Eµ\ B©~rE H$s Hw N à_wI {deofVmE§ h¢&
ZdrZ nhb :
• ~¢H$ H$m nyU©V: Z`m _mo~mBb ~¢qH$J Eßn H$m°n© B©‹O EÊS—moBS Am¡a
AmB©AmoEg XmoZmo§ ßboQ\ m_moª Ho {bE Omar {H$`m J`m& H$m°n© B©µO YZam{e
ñWmZm§VaU, {~b wJVmZ, O_m ImobZo Am¡a MoH$ ~wH$ AZwamoY, nmg~wH$
à~§YZ, NwÅr H$s OmZH$mar Am{X O¡go ~¢qH$J H$m`moª _o§ gh`moJ H$a JŒmhH$
H$mo CgH$s gw{dYm Ho g_` Am¡a ñWmZ na ~¢qH$J boZXoZ H$aZo _o§ gj_
~ZmVm h¡& AmdoXZ A§JŒoOr, qhXr Am¡a AÝ` AmR ^maVr` ^mfmAmo§ -
H$Þ‹S, V{_b, VobwJw, _b`mb_, _amRr, JwOamVr, n§Om~r Am¡a C{‹S`m
_o§ CnbãY h¡& ~¢H$ Zo JŒrZ {nZ [Am°ZbmBZ So{~Q H$mS© {nZ OoZaoeZ] H$s
gw{dYm ^r ewê H$s h¡, Am¡a JŒmhH$mo§ H$mo CZH$s µOê$aV Ho AZwgma AnZo
So{~Q H$mS© H$mo ãbm°H$/AZãbm°H$ H$aZo H$s gw{dYm Xr JB© h¡&
• JŒmhH$mo§ Ho AZw^d Am¡a gw{dYm H$mo ~ohVa H$aZo Ho {bE, Mmby ImVo
ImobZo Ho {bE Kaoby JŒmhH$mo§ Ho {bE ~¢H$ Zo bmBd ""Q>¡~boQ> ~¢qH$J''
H$s ewéAmV H$s & JŒmhH$ à_mUrH$aU B©Ho dmB©gr Ho _mÜ`_ go {H$`m
OmVm h¡ Am¡a {ddaUmo§ H$mo ñdMm{bV ê$n go H$moa ~¢qH$J g_mYmZ _o§
AÚVZ {H$`m OmVm h¡&
grEgAma Ed§ ge{ºH$aU nhb :
1. H$m°anmoaoeZ ~¢H$ BH$moZm°{_H$ Sodbn_o§Q µ\ mC§SoeZ (gr~rB©S>rE\$) EH$
J¡a-bm^H$mar Am{W©H$ g§JRZ Q—ñQ h¡, Omo H$m°nmo©aoQ {_eZ Ho gmW
gm_m{OH$ Xm{`Ëd H$mo nyam H$aZo Ho AnZo CÔoí`mo§ H$m nmbZ H$a ahm
h¡& ~¢H$ H$s g^r grEgAma J{V{d{Y`m± gr~rBSrE\ Ho VËdmdYmZ _o§
8
Bank are conducted under the aegis of CBEDF. Financial grants to the extent of `371.65 lakhs were disbursed for execution of various projects of social concerns during the year 2018-19 through CBEDF. Amongst others, CBEDF implemented following major CSR projects during FY 2018-19.
2. For the welfare of underprivileged, through “CorpKiran”, Bank granted `22.29 lakhs to various Institutions during 2018-19. The major activities included providing Bench, Desk, Cupboards, Computers, Water purifi er, Pedestral Fans etc., to poor school children and inmates of orphanages, old age homes, destitute homes, helping physically and mentally challenged people, Ambulance to Kalyanam Karoti (NGO), Meerut and three dialysis machines to Shimoga Institutes of Medical Sciences, Shimoga.
Branch/ATM Expansion:
• The number of branches stood at 2,432 as on 31.03.2019.The Bank has pan India presence covering 26 states and 5 union territories out of 29 states and 7 union territories respectively.
• Number of ATMs stood 3,015, out of which 651 are in Metro, 734 are in Urban, 951 are in Semi urban and 679 are in Rural. The number E-Lobbies as on 31st March, 2019 is 345.
Awards and Accolades:The Bank has taken various encouraging steps towards value addition, expansion and inclusive banking as a result of which, your Bank was conferred with the following prestigious awards during 2018-19:-
1. The Bank bagged three awards instituted by Chamber of Indian Micro Small & Medium Enterprises [CIMSME] consecutively for the 5th year in a row under the following categories:a. Best MSME Bank Award - Runner up (Emerging
Category).b. CSR Initiatives & Business Responsibility Award -
Winner ( Emerging Category) c. Best Bank for Promotional Schemes Award - Runner
up ( Emerging Category)2. The Bank bagged “Investor Relations Awards 2018” under
category – Best Expectation Management (Mid Cap) for the FY 2017-18.
3. The Bank bagged the Best Community Development Award at the National CSR Leadership Congress and Awards function held at Bengaluru on 5th September, 2018.
4. The Bank bagged three awards under the Aadhaar Excellence Awards instituted by Unique Identifi cation Authority of India (UIDAI).
g§Mm{bV H$s OmVr h¢& gr~rB©SrE\ Ho _mÜ`_ go df© 2018-19 Ho Xm¡amZ gm_m{OH$ gamoH$mamo§ H$s {d{^Þ n{a`moOZmAmo§ Ho {ZînmXZ Ho {bE `371.65 bmI H$s {dÎmr` AZwXmZ am{e H$m {dVaU {H$`m J`m& AÝ` Ho gmW gr~rB©SrE\ Zo {dÎm df© 2018-19 Ho Xm¡amZ {ZåZ{b{IV à_wI grEgAma n{a`moOZmAmo§ H$mo nyam {H$`m :
2. “H$m°n© {H$aU” Ho _mÜ`_ go d§{MVmo§ Ho H$ë`mU Ho {bE, ~¢H$ Zo 2018-19 Ho Xm¡amZ {d{^Þ g§ñWmZmo§ H$mo `22.29 bmI én`o {XE& à_wI J{V{d{Y`mo§ _o§ Jar~ ñHy br ~ÀMmo§ Am¡a AZmWmb`, d¥Õml_, ~oghmam Kamo§ Ho Am{lVmo§ H$mo ~o§M, SoñH$, Amb_mar, H§ ß`yQa, Ob emoYH$, n¡SñQb n§Io Am{X àXmZ H$aZm, emar{aH$ Am¡a _mZ{gH$ ê$n go {dH$bm§J bmoJmo§ H$s _XX H$aZm, H$ë`mU_H$amo{V (EZOrAmo), _oaR H$mo Eå~wbo§g Am¡a {e_moJm B§ñQrQ²æyQ Am°\ _o{SH$b gmB§goO, {e_moJm H$mo VrZ Sm`{b{gg _erZmo§ H$mo CnbãY H$amZm em{_b Wm& &
emIm/EQrE_ {dñVma :
• 31.03.2019 H$mo emImAmo§ H$s g§»`m 2,432 Wr& nyao ^maV Ho$ 29 amÁ`mo§ Am¡a 7 Ho§ Ð em{gV àXoemo§ _o§ go ~¢H$ H$s CnpñW{V HŒ _e… 26 amÁ`mo§ Am¡a 5 Ho§ Ð em{gV àXoemo§ _o§ h¡|
• EQrE_ H$s g§»`m 3,015 Wr, {OZ_o§ go 651 _oQ—mo _o§, 734 ehar, 951 AY© ehar Am¡a 679 JŒm_rU BbmH$mo§ _o§ h¢& 31 _mM©, 2019 H$mo B©-bm°~r H$s g§»`m 345 h¡&
nwañH$ma Ed§ gå_mZ :
~¢H$ Zo g§dY©Z, {dñVma Am¡a g_mdoer ~¢qH$J H$s {Xem _o§ H$B© CËgmhOZH$ H$X_ CRmE h¢, {OgHo n{aUm_ñdê$n, AmnHo ~¢H$ H$mo 2018-19 Ho Xm¡amZ {ZåZ{b{IV à{VpîRV nwañH$mamo§ go gå_m{ZV {H$`m J`m :
1. ~¢H$ Zo bJmVma 5do§ df© M¢~a Am°\ B§{S`Z _mBHŒ mo ñ_mb E§S _r{S`_ B§QaàmBOoµO (grAmB©E_EgE_B©) Ûmam {ZåZm§{H$V lo{U`mo§ _o§ VrZ nwañH$ma àmßV {H$`o : H$. gd©loîR E_EgE_B© ~¢H$ nwañH$ma - Cn{dOoVm (B©_qO©J loUr)I. grEgAma nhb Ed§ ì`mnma Xm{`Ëd nwañH$ma - {dOoVm (B©_qO©J
loUr) J$. àmo_moeZb `moOZmAmo§ hoVw gd©loîR ~¢H$ nwañH$ma - Cn{dOoVm
(B©_qO©J loUr)
2. ~¢H$ Zo {dÎm df© 2017-18 Ho {bE loUr - ~oñQ EŠgnoŠQoeZ _¡ZoO_o§Q ({_S H¡ n) Ho VhV “{ZdoeH$ g§~§Y nwañH$ma 2018” àmßV {H$`m h¡&
3. H$m°anmoaoeZ ~¢H$ Zo 5 {gV§~a, 2018 H$mo ~¢Jbmoa _o§ Am`mo{OV amîQ—r` grEgAma brSa{en H$m§JŒog Am¡a nwañH$ma g_mamoh _o§ gd©loîR gm_wXm{`H$ {dH$mg nwañH$ma àmßV {H$`m&
4. ^maVr` {d{eîQ nhMmZ àm{YH$aU (UIDAI) Ûmam ñWm{nV AmYma CËH¥$îQVm nwañH$ma Ho VhV ~¢H$ H$mo VrZ nwañH$ma {_bo h¢&
9ANNUAL REPORT 2018-19
a. The Bank bagged 2nd place under the Rising Star Award category.
b. Bank was conferred 3rd position in the Best Performing Bank for Aadhaar Enrollment/Update Using Online Client.
c. The Bank’s Ahmedabad-Shahibaug Branch was awarded the Best Bank Branch for highest Enrollments/ updations for the Bank.
5. The Bank once again bagged the “BEST MSME BANK-WINNER 2018” award during 6th ASSOCHAM SMEs Excellence Award – 2018 instituted by The Associated Chambers of Commerce & Industry of India (ASSOCHAM).
6. The Bank bagged SKOCH Order-of-Merit 2018 Awards under the following categories:a. Financial Inclusionb. Road Map to be Best in Insurance Penetrationc. Implementation of Technology in Forex
Operations
Acknowledgements
On behalf of the Bank, I would like to express my sincere gratitude to all the shareholders for their persistent support for overall development of the Bank. I sincerely thank the members of the Board, Govt. of India, Reserve Bank of India, all the regulatory authorities and organisations and Insurance Companies for their valuable support and inputs to the Management in all it’s endeavours. I thank all our customers for their continued support & patronage and the opportunity given to us to serve them and develop business relationship. The dedication, commitment and contribution of our beloved employees for the growth of the Bank, deserve special appreciation.
I am sure, with your continued support and confi dence, commitment of 19000 plus Corp Bankers, very able leadership and guidance of our Directors on the Board, your Bank will able to surpass the expectations of all the stakeholders – our customers, our staff and our shareholders. We look forward to your valuable support and goodwill in our Journey.
With best wishes,
Yours Sincerely,
Place : Mangaluru P. V. BharathiDate : 30.05.2019 Managing Director & CEO
H$) ~¢H$ Zo amBqOJ ñQma AdmS© loUr Ho VhV Xygam ñWmZ hm{gb {H$`m&
I) Am°ZbmBZ JŒmhH$ H$m Cn`moJ H$aHo AmYma Zm_m§H$Z/ AÚVZ Ho {bE ~¢H$ H$mo gd©loîR àXe©Z H$aZo dmbo ~¢H$ _o§ Vrgam ñWmZ {X`m J`m&
J) ~¢H$ H$s Ah_Xm~mX-emhr~mJ emIm H$mo ~¢H$ Ho$ CÀMV_ Zm_m§H$Z / AnSoeZ Ho$ {bE gd©loîR ~¢H$ emIm go gå_m{ZV {H$`m J`m&
5. NRo EgmoM¡_ EgE_B© gd©loîRVm nwañH$ma - 2018 Ho Xm¡amZ ~¢H$ Zo Egmo{gEQoS Moå~g© Am\ H$m_g© EÊS B§SñQ—r Am\ B§{S`m (EEgEgAmogrEMEE_) Ûmam ñWm{nV nwañH$mamo§ _o§ df© 2018 hoVw
“gd©loîR E_EgE_B© ~¢H$-{dOoVm 2018’’ H$m nwañH$ma àmßV {H$`m&
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_wÂmo {dœmg h¡ {H$ AmnHo {Za§Va g_W©Z Am¡a {dœmg, 19000 go A{YH$ H$m°n© ~¢H$amo§ H$s à{V~ÕVm, h_mao {ZXoeH$mo§ Ho$ ~hwV hr gj_ ZoV¥Ëd Am¡a _mJ©Xe©Z Ho gmW, AmnH$m ~¢H$ g^r {hVYmaH$mo§ - h_mao JŒmhH$mo§, h_mao H$_©Mm{a`mo§ Am¡a h_mao eo`aYmaH$mo§ H$s Cå_rXmo§ na Iam CVaoJm & h_ AnZo àJ{V Ho A{^`mZ _o§ AmnHo ~hw_yë` g_W©Z Am¡a gØmdZm Ho$AmH$m§jr h¢|
hm{X©H$ ew^H$m_ZmAmo§ g{hV,
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10
CORPORATION BANK HEAD OFFICE : MANGALA DEVI TEMPLE ROAD
MANGALURU – 575 001D.K. DISTRICT, KARNATAKA STATE, INDIA
NOTICE
NOTICE IS HEREBY GIVEN pursuant to Regulation 56 of the Corporation Bank (Shares and Meetings) Regulations, 1998 that the Twenty Second Annual General Meeting of the Shareholders of CORPORATION BANK will be held on Saturday, 29th June, 2019, at 10.30 a.m. at Millennium Building, Corporation Bank, Head Offi ce, Mangala Devi Temple Road, Pandeshwar, Mangaluru – 575 001, KARNATAKA State to transact the following business:
Item No. 1:
To discuss, approve and adopt the Audited Standalone and Consolidated Balance Sheet of the Bank as at 31st March, 2019, Standalone and Consolidated Profi t and Loss Account of the Bank for the year ended 31st March, 2019, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and Accounts.
Item No. 2:
Raising of Capital of the Bank by way of issuance of fresh Equity Shares and/or by issuance of Additional Tier –I or Tier –II capital as per Basel III Guidelines.
To consider and if thought fi t, to pass with or without modifi cation(s), the following resolution(s) as a special resolution:
“RESOLVED THAT pursuant to the provisions of Section 3(2B) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (“Act”), Clause 20 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980 (“Scheme”), the Corporation Bank (Shares and Meetings) Regulations, 1998 (“Regulations”) and other applicable provisions, if any, and subject to the approvals, consents, sanctions, if any, of the Reserve Bank of India (“RBI”), the Government of India (“GOI”), the Securities and Exchange Board of India (“SEBI”), and/or any other authority as may be required in this regard and subject to such terms, conditions and modifi cations thereto as may be prescribed by them in granting such approvals and which may be agreed to by the Board of Directors of the Bank and subject to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 [the SEBI (ICDR) Regulations], The SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015
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{deof g§H$ën Ho$ ên _o§ {ZåZm§{H$V g§H$ën na {dMma H$aZm Am¡a Cn`wº nmE OmZo na g§emoYZ `m {~Zm g§emoYZ Ho$ na {dMma H$aZm
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gaH$ma (""Or Amo AmB©''), ^maVr` à{V^y{V Ed§ {d{Z_` ~moS© (""go~r'') Ed§/`m Bg g§~§Y _o§ Amdí`H$VmZwgma {H$gr AÝ` A{YH$mar Ho$ AZw_moXZ,
gh_{V, _§Oyar VWm Eogo AZw_moXZ àXmZ H$aVo hwE C„o{IV {Z`_mo§, eVmoª Ed§ g§emoYZmo§ {OZ na {ZXoeH$ _§Sb H$s gh_{V hmo, Ed§ go~r (ny§Or H$m {ZJ©_ Ed§ àH$QZ AnojmE§ {d{Z`_, 2018 [(go~r (AmB©grSrAma) {d{Z`_)], Amemo{YV go~r (gyMrH$aU ~mÜ`VmE± VWm àH$QZ AnojmE±) {d{Z`_, 2015 [go~r (EbAmoSrAma) {d{Z`_], 2015, Amemo{YV {dXoer {d{Z_` à~§YZ (^maV Ho$ ~mha ahZo dmbo àdmgr ì`{º Ûmam à{V^y{V`mo§ Ho$ {ZJ©_
11ANNUAL REPORT 2018-19
[the SEBI (LODR) Regulations] as amended, the Foreign Exchange Management (Transfer or Issue of Securities by a Person Resident Outside India), Regulations, 2000 as amended and in accordance with the applicable rules, regulations, guidelines, circulars and clarifi cations if any, prescribed by the RBI, SEBI, notifi cations/circulars and clarifi cations under the Banking Regulation Act, 1949, the Securities and Exchange Board of India Act, 1992 and all other applicable laws and all other competent authorities from time to time and subject to the Uniform Listing Agreements entered into with the Stock Exchanges where the equity shares of the Bank are listed, consent of the members of the Bank be and is hereby accorded to the Board of Directors of the Bank (hereinafter called “the Board” which shall be deemed to include any Committee which the Board may have constituted or hereafter constitute to exercise its powers including the powers conferred by this Resolution) to create, offer, issue and allot in one or more tranches (including with provision for reservation on fi rm allotment and/or competitive basis of such part of issue and for such categories of persons as may be permitted by the law then applicable) by way of offer document (s)/prospectus or such other document(s), in India or abroad :
a) Such number of equity shares of the face value of `2 each for cash (whether at a discount or premium to the market price or issue price or fl oor price) which together with the existing Paid-up Equity share capital shall be within the total authorized capital of `3000 crore of the bank, being the ceiling in the Authorised Capital of the Bank as per Section 3(2A) of the Act, or to the extent of enhanced Authorised Capital as per the Amendment (if any), that may be made to the Act in future, in such a way that the Government of India shall at all times hold not less than 51% of the paid-up Equity share capital of the Bank;
b) Such number of perpetual debt instruments, Non-Convertible Debentures including but not limited to Subordinated Debentures, Bonds, Perpetual Non-Cumulative Preference Shares and/or other debt securities/Preference Shares (cumulative or non-cumulative) etc., on a private placement/public issue basis, in one or more tranches which may classify for TIER I or TIER II Capital as identifi ed and classifi ed by RBI;
to one or more of the members, employees of the Bank, Indian nationals, Non-Resident Indians (“NRIs”), Companies, private or public, Investment Institutions, Limited Liability Partnerships (LLPs) Societies, Trusts, Research Organizations, Qualifi ed Institutional Buyers (“QIBs”) like Foreign Institutional Investors (“FIIs”), Banks, Financial Institutions, Indian Mutual Funds, Alternate Investment Funds, Foreign Venture Capital Investors, State Industrial Development Corporations, Insurance Companies, Provident Funds, Pension Funds, Development Financial Institutions or other entities,
H$m A§VaU) {d{Z`_Z, 2000 Ed§ ~¢qH$J {d{Z`_Z A{Y{Z`_, 1949, ^maVr` à{V^y{V Ed§ {d{Z_` ~moS© A{Y{Z`_, 1992 Ho$ VhV Ama~rAmB©,
go~r H$s A{YgyMZmAmo§/n[anÌmo§ Ed§ ñnîQrH$aUmo§ _o§ C„o{IV g^r bmJy {Z`_mo§, {d{Z`_mo§, {Xem{ZXoemo§, n[anÌmo§ Ed§ ñnîQrH$aUmo§ `{X H$moB© hmo§, VWm AÝ` g^r bmJy µH$mZyZmo§ Ed§ ñQmH$ EŠgMo§Omo§ Ohm§ ~¢H$ Ho$ B©p¹Qr eo`a gyMr~Õ hmo§, Ho$ gmW g_mZ gyMr~Õ H$ama Ho$ VhV g_`-g_` na AÝ` g^r gj_ àm{YH$m[a`mo§ Ho$ AYrZ ~¢H$ Ho$ {ZXoeH$ _ÊSb ({Ogo VËnümV²
"{ZXoeH$ _§Sb' H$hm J`m h¡, {Og_o§ ~moS© Ûmam Bg {d{Z`_ Ho$ _mÜ`_ go àXÎm A{YH$mamo§ g{hV CgHo$ A{YH$mamo§ H$m à`moJ H$aZo hoVw J{RV/J{RV H$s
OmZodmbr g{_{V(`m±) em{_b g_Âmr OmE§Jr) H$mo EH$ `m A{YH$ ~ma _o§ ({ZJ©_ Ho$ {Z`V ^mJ H$mo µ\ _© Am~§QZ Ed§/`m à{VñnYm©Ë_H$ AmYma na Ed§ VËg_` bmJy H$mZyZ Ûmam AZw_V {deof lo{U`mo§ Ho$ ì`{º`mo§ hoVw AmajU Ho$ àmdYmZmo§ Ho$ gmW) àñVmd XñVmdoO(Omo§)/{dda{UH$mAmo§ `m Eogo AÝ` XñVmdoOmo§ Ho$ _mÜ`_ go maV _o§ m {dXoe _o§ {ZåZ{b{IV Ho$ g¥OZ, àñVmd, {ZJ©_ Ed§ Am~§QZ hoVw ~¢H$ Ho$ gXñ`mo§ H$s gh_{V àXmZ H$s OmVr h¡ :
H$) ZH$Xr hoVw `2 à{V (Mmho dh ~mµOma _yë` Ho$ ~Åo na `m àr{_`_ na `m {ZJ©_ _yë` `m Ý`yZV_ _yë` na Omar hmo) Ho$ B©p¹Qr eo`amo§ H$s Eogr g§»`m Omo dV©_mZ noS-An B©p¹Qr eo`a ny±Or Ho$ gmW gpå_{bV ên go `3000 H$amo‹S H$s ~¢H$ H$s Hw$b A{YH¥ V ny±Or, Omo {H$ A{Y{Z`_ H$s Ymam 3 (2H$) Ho$ VhV ~¢H$ H$s A{YH¥ V ny±Or gr_m h¡ `m ^{dî` _o§ A{Y{Z`_ _o§ hmoZo dmbo AmemoYZmo§ (`{X H$moB© hmo) Ho$ AZwgma g§d{Y©V A{YH¥ V ny±Or H$s gr_m VH$ Bg àH$ma hmo {H$ {H$gr ^r g_` ^maV gaH$ma H$s Ym[aVm ~¢H$ Ho$ noS-An B©p¹Qr eo`a ny±Or Ho$ 51% go H$_ Zht hmo;
I) {ZOr ßbog_o§Q / gmd©O{ZH$ {ZJ©_ AmYma na EH$ `m A{YH$ IÊSmo§ _o§ Omar nanoMwAb G$U {bIV, Ag§n[adV©Zr` {S~o§Ma {Og_o§ g~mo{S©ZoQoS {S~o§Ma, ~m°ÊS, J¡a-g§M`r A{Y_m{ZV eo`a Am¡a/`m AÝ` H$O© à{V^y{V/ A{Y_m{ZV eo`a (g§M`r `m J¡a-g§M`r) g{hV AÝ` ^r em{_b h¢, H$s Eogr g§»`m Omo Ama~rAmB© Ûmam M`{ZV Ed§ dJr©H¥ V {Q`a-I `m {Q`a-II ny±Or Ho$ ên _o§ dJr©H¥ V H$s Om gH$Vr hmo, H$mo ;
`5000 H$amo‹S (én`o nm±M hOma H$amo‹S _mÌ) VH$ H$s am{e Ho$ {bE EH$ `m A{YH$ gXñ`, ~¢H$ Ho$ H$_©Mm[a`mo§, ^maVr` ZmJ[aH$, A{Zdmgr ^maVr` (""EZAmaAmB©''), H§$nZr, {ZOr `m gmd©O{ZH$, {ZdoeH$ g§ñWmZ, gr{_V Xo`Vm ^mJrXmar (EbEbnr) gmogm`Qr, Ý`mg, AZwg§YmZ g§JRZ, {dXoer g§ñWmJV {ZdoeH$ (""E\ AmB©AmB©'') O¡go Ah©VmàmßV g§ñWmJV HŒo Vm (""Š`yAmB©~r''), ~¢H$, {dÎmr` g§ñWmZ, ^maVr` å`yMwAb \§ S, d¡H$pënH$ {Zdoe {Z{Y, {dXoer CÚ_ ny§Or {ZdoeH$, amÁ` Am¡Úmo{JH$ {dH$mg {ZJ_, ~r_m H§$nZr, ^{dî` {Z{Y, no§eZ {Z{Y, {dH$mg {dÎmr` g§ñWmZ `m AÝ`
12
authorities or any other category of investors which are eligible to invest in equity/preference shares/securities of the Bank as per extant regulations/guidelines or any combination of the above, as may be deemed appropriate by the Bank for an amount not exceeding `5,000 Crore (Rupees Five Thousand Crore only) in one or more tranches”.
“RESOLVED FURTHER THAT such issue, offer or allotment of equity/preference shares/securities may also be by way of Qualifi ed Institutions Placement (QIP), Follow on Public Issue, Rights Issue, Private Placement, Employees Stock Option Scheme or Employee Stock Purchase Scheme of the Bank , or such other mode of issue as may be provided by applicable laws, with or without over-allotment or Green Shoe option and that such offer, issue, placement and allotment of equity/preference shares/securities be made as per the provisions of the Act, RBI Guidelines, the SEBI ICDR Regulations and all other applicable guidelines issued by the RBI, SEBI and any other authority as applicable, and at such time or times in such manner and on such terms and conditions as the Board may, in its absolute discretion, think fi t.”
“RESOLVED FURTHER THAT in respect of the aforesaid issue/s, the Board shall have the absolute authority to decide, such price or prices not below the price as determined in accordance with relevant provisions of the SEBI (ICDR) Regulations, in such manner and wherever necessary, in consultation with the lead managers and/or underwriters and/or other advisors, and/or such terms and conditions as the Board may, in its absolute discretion, decide in terms of the SEBI (ICDR) Regulations, other regulations and any and all other applicable laws, rules, regulations and guidelines, and/or whether or not the proposed investor(s) are existing shareholders of the Bank.”
“RESOLVED FURTHER THAT in accordance with the provisions of the Uniform Listing Agreements entered into with relevant stock exchanges, the provisions of SEBI(LODR) Regulations, 2015, the provisions of Act, the provisions of Regulations, the provisions of ICDR Regulations, the provisions of the Foreign Exchange Management Act, 1999 and the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, and subject to requisite approvals, consents, permissions and/or sanctions of SEBI, Stock Exchanges, RBI, Department of Industrial Policy and Promotion, Ministry of Commerce (DIPP) and all other authorities as may be required (hereinafter collectively referred to as “the Appropriate Authorities”) and subject to such conditions as may be prescribed by any of them while granting any such approval, consent, permission and/or sanction (hereinafter referred to as “the requisite approvals”) the Board may, at its absolute discretion, issue, offer and allot, from time to time in one or more tranches, equity shares/preference shares or any securities other than warrants, in such
BH$mB©, àm{YH$mar `m {ZdoeH$mo§ H$s AÝ` loUr `m ~¢H$ Ûmam Cn`wº _mZo JE Cnamoº Ho$ {H$gr _ob Omo {dÚ_mZ {d{Z`_mo§/{Xem{ZXoemo§ Ho$ AZwgma ~¢H$ H$s B©p¹Qr/A{Y_m{ZV eo`amo§/à{V^y{V`mo§ _o§ {Zdoe hoVw nmÌ h¢, H$mo EH$ `m AZoH$ ~ma Am~§{QV {H$`m Om gH$Vm h¡&''
""`h ^r g§H$ën {b`m OmVm h¡ {H$ A{YH$ Am~§QZ `m JŒrZ ey Am°ßeZ
g{hV `m a{hV B©p¹Qr/ A{Y_m{ZV eo`a/ à{V^y{V`mo§ H$m {ZJ©_, àñVmd `m Am~§QZ Ah©VmàmßV g§ñWmZ ßbog_o§Q (Š`yAmB©nr), \ m°bmo Am°Z npãbH$ Bí`y, amBQ Bí`y, {ZOr ßbog_o§Q, H$_©Mmar ñQmH$ Am°ßeZ ñH$s_ `m ~¢H$ H$s H$_©Mmar ñQm°H$ HŒ `moOZm `m bmJy H$mZyZmo§ Ho$ AZwgma {ZJ©_ Ho$ AÝ` _mÜ`_mo§ go ^r hmo gH$Vm h¡ Ed§ Bg àH$ma Ho$ {ZJ©_, àñVmd `m Am~§QZ ^m[a~¢ Ho$ {Xem{ZXoemo§, go~r (AmB©grSrAma) {d{Z`_mo§, AÝ` {d{Z`_mo§ Am¡a ^m[a~¢, go~r Ed§ {H$gr AÝ` àm{YH$mar Ûmam Omar AÝ` g^r bmJy {Xem {ZXoemo§ Ed§ Eogo g_` `m g_`md{Y _o§ Am¡a Eogo {Z`_mo§ Ed§ eVmoª Ho$ AZwgma hmo§Jo {Ogo ~moS© AnZo {ddoH$mZwgma C{MV _mZVm hmo&''
""`h ^r g§H$ën {b`m OmVm h¡ {H$ Cnamoº {ZJ©_/_mo§ Ho$ g§~§Y _o§ ~moS© Ho$ nmg Bg àH$ma Ed§ Amdí`H$VmZwgma brS _¡ZoOamo§ Ed§/`m hm_rXmamo§ Ed§/`m AÝ` gbmhH$mamo§ Ed§/`m Eogo {Z`_mo§ d eVmoª Omo ~moS© Ho$ {ddoH$mZwgma go~r (AmB©grSrAma) {d{Z`_mo§, AÝ` {d{Z`_mo§ Ed§ {H$gr `m g^r bmJy H$mZyZmo§, {Z`_mo§, {d{Z`_mo§ Am¡a {Xem{ZXoemo§ Ho$ VhV ñWm{nV h¢, Ho$ AZwên Eogo _yë` `m _yë`mo§, Omo go~r (AmB©grSrAma) {d{Z`_mo§ Ho$ g§~§{YV àmdYmZmo§ _o§ {ZYm©[aV _yë` go ZrMo Zht hmo§Jr Ho$ {ZYm©aU H$m VWm/AWdm àñVm{dV {ZdoeH$ ~¢H$ Ho$ dV©_mZ eo`aYmaH$ h¢ `m Zht, Ho$ {ZYm©aU H$m nyUm©{YH$ma hmoJm&''
""`h r g§H$ën {b`m OmVm h¡ {H$ g§~§{YV ñQm°H$ EŠgMo§O Ho$ gmW g_mZ gyMr~ÕVm H$ama Ho$ àmdYmZmo§, go~r (EbAmoSrAma) {d{Z`_Z, 2015 Ho$ àmdYmZmo§, A{Y{Z`_ H$m àmdYmZ, {d{Z`_Z H$m àmdYmZ, AmB©grSrAma {d{Z`_Z H$m àmdYmZ, {dXoer {d{Z_` à~§YZ A{Y{Z`_, 1999 Am¡a {dXoer {d{Z_` à~§YZ (^maV Ho$ ~mha ahZo dmbm ì`{º Ûmam à{V^y{V H$m A§VaU `m {ZJ©_) {d{Z`_Z, 2000 Ho$ àmdYmZmo§ Ho$ AZwên Am¡a go~r, ñQm°H$ EŠgMo§O, ^m[a~¢, Am¡Úmo{JH$ Zr{V Am¡a nXmoÞ{V {d^mJ, dm{UÁ` _§Ìmb` Am¡a `Wm Amdí`H$ AÝ` g^r àm{YH$mar (BgHo$ ~mX Bgo g_pÝdV ên go Cn`wº àm{YH$mar Ho$ ên _o§ g§X{^©V {H$`m OmEJm&) Am¡a BZ_o§ go {H$gr Ho$ Ûmam BgH$m AZw_moXZ, gh_{V, AZw_{V Am¡a/`m g§ñdrH¥ {V H$aVo g_` ({Ogo BgHo$ ~mX Ano{jV AZw_moXZ Ho$ ên _o§ g§X{^©V {H$`m OmEJm)
C„o{IV eVmoª Ho$ AYrZ ~moS© ßbog_o§Q àboI Am¡a/`m AÝ` Eogo àboI/
boIZ/ n[anÌ/ kmnZ Ho$ _mÜ`_ go VWm AmB©grSrAma {d{Z`_mo§ Am¡a Cg
g_` àM{bV {d{Y Ho$ AÝ` àmdYmZmo§ Ho$ AZwên ~moS© Ûmam {ZYm©[aV Bg àH$ma
go Ed§ Eogo _yë`, {Z`_mo§ Am¡a eVmoª, CZ_o§ go {H$gr Ûmam {ZYm©[aV H${Vn` eVmoª Ho$ AYrZ g_`-g_` na EH$ go A{YH$ {hñgmo§ _o§ B©p¹Qr eo`a/ A{Y_m{ZV
13ANNUAL REPORT 2018-19
a way that the Central Government at any time holds not less than 51% of the Equity Capital of the Bank, to QIBs (as defi ned in the SEBI (ICDR) Regulations) pursuant to a Qualifi ed Institutions Placement (QIP) as provided for under Chapter VIof the SEBI (ICDR) Regulations, through a placement document and/or such other documents/writings/circulars/memoranda and in such manner and on such price, terms and conditions as may be determined by the Board in accordance with the ICDR Regulations or other provisions of the law as may be prevailing at that time; provided the price inclusive of the premium of the equity shares so issued shall not be less than the price arrived in accordance with the relevant provisions of ICDR Regulations”.
“RESOLVED FURTHER THAT in case of a Qualifi ed Institutions Placement pursuant to Chapter VI of the SEBI (ICDR) Regulations.
a) The allotment of Securities shall only be to Qualifi ed Institutional Buyers within the meaning of the SEBI (ICDR) Regulations, such Securities shall be fully paid-up and the allotment of such Securities shall be completed within 12 months, from the date of this resolution, or such other time as may be permitted under the SEBI (ICDR) Regulations from time to time.
b) The Bank is pursuant to proviso to Regulation 176(1) of ICDR Regulations authorized to offer shares at a discount of not more than fi ve percent on the fl oor price.
c) The Relevant Date for the determination of the fl oor price of the securities shall be in accordance with the SEBI (ICDR) Regulations.”
“RESOLVED FURTHER THAT the Board shall have the authority and power to accept any modifi cation in the proposal as may be required or imposed by the GOI/RBI/SEBI/Stock Exchanges where the shares of the Bank are listed or where the Debt Securities to be issued are proposed to be listed or such other appropriate authorities at the time of according/granting their approvals, consents, permissions and sanctions to issue, allotment and listing thereof and as agreed to by the Board.”
“RESOLVED FURTHER THAT the issue and allotment of aforesaid Securities, if any, to NRIs, FIIs and/or other eligible foreign investments be subject to the approval of the RBI under the Foreign Exchange Management Act, 1999 as may be applicable but within the overall limits set forth under the Act and by other regulators, as applicable”.
“RESOLVED FURTHER THAT the said new equity shares to be issued shall be subject to the Corporation Bank (Shares and
eo`a `m dma§Q Ho$ Abmdm {H$gr AÝ` à{V^y{V Ho$ {ZJ©_, Amµ\ a Am¡a Am~§QZ {ddoH$mZwgma Bg àH$ma H$a gH$Vm h¡ {H$ AmB©grSrAma {d{Z`_mo§
Ho$ AÜ`m` VI Ho$ A§VJ©V àmdYmZ Ho$ AZwgma Ah©VmàmßV g§ñWmZ ßbog_o§Q (Š`yAmB©nr) Ho$ AZwH$aU _o§ Š`yAmB©~r(AmB©grSrAma {d{Z`_Z Ho$ AÜ`m` VI _o§ `Wm nm[a^m{fV) ~¢H$ H$s B©p¹Qr ny§Or _o§ {H$gr ^r g_` H|$Ð gaH$ma H$s {hñgoXmar 51% go H$_ Z hmo VWm {ZJ©{_V B©p¹Qr eo`amo§ Ho$ àr{_`_ H$m Am§V[aH$ _yë` AmB©grSrAma {d{Z`_mo§ Ho$ g§~§{YV àmdYmZmo§ Ho$ AZwên {ZUr©V _yë` go H$_ Z hmo&''
""`h ^r g§H$ën {b`m OmVm h¡ {H$ go~r (AmB©grSrAma) {d{Z`_mo§ Ho$ AÜ`m` VI Ho$ AZwH$aU _o§ Ah©VmàmßV g§ñWmZ ßbog_o§Q Ho$ _m_bo _o§
H$) à{V^y{V`mo§ H$m Am~§QZ go~r (AmB©grSrAma) {d{Z`_mo§ Ho$ Ame` Ho$ ^rVa Ah©VmàmßV g§ñWmJV HŒo Vm H$mo hr {H$`m OmEJm, Eogr à{V^y{V`m± nyU©- àXÎm hmoJr Am¡a Eogr à{V^y{V`mo§ H$m Am~§QZ Bg g§H$ën H$s {V{W go 12 _mh Ho$ ^rVa AWdm g_`-g_` na go~r (AmB©grSrAma) {d{Z`_mo§ Ho$ A§VJ©V AZw_V Eogo AÝ` g_` _o§ nyam H$a {b`m OmEJm&
I) ~¢H$ {ZåZV_ _yë` na A{YH$V_ nm±M à{VeV Ho$ ~Åm na eo`amo§ H$mo àñVwV H$aZo hoVw AmB©grSrAma {d{Z`_mo§ Ho$ {d{Z`_Z 176(1) Ho$ àmdYmZmo§ H$m AZwgaU H$aoJm&
J) à{V^y{V`mo§ Ho$ {ZåZV_ _yë` Ho$ {ZYm©aU hoVw g§~§{YV {V{W go~r (AmB©grSrAma) {d{Z`_Zmo§ Ho$ AZwên hmoJr&''
""`h ^r g§H$ën {b`m OmVm h¡ {H$ ~moS© Ho$ nmg AnojmZwgma àñVmd
_o§ AmemoYZ H$aZo H$m A{YH$ma hmoJm `m ^maV gaH$ma/^maVr` [aµOd© ~¢H$/
go~r/ ñQm°H$ EŠñMo§O, Ohm± ~¢H$ Ho$ eo`a gyMr~Õ h¢, `m CgH$mo Omar H$aZo,
Am~§{QV H$aZo VWm gy{M~Õ H$aZo Ho$ AZw_moXZ, gh_{V, AZw_{V VWm _§Oyar
XoZo Ho$ g_` Eogo AÝ` Cn`wº àm{YH$m[a`mo§ Ûmam bmJy {H$E JE AmemoYZmo§ H$mo
ñdrH$ma H$aZo H$m A{YH$ma Ed§ e{º`m± hmo§Jr&''
""`h ^r g§H$ën {b`m OmVm h¡ {H$ EZAmaAmB©, E\ AmB©AmB© Am¡a/ `m AÝ` nmÌ {dXoer {ZdoeH$mo§, AJa H$moB© hmo, H$mo Cnamoº à{V^y{V`mo§ Ho$ {ZJ©_ Am¡a Am~§QZ {dXoer {d{Z_` à~§YZ A{Y{Z`_, 1999 Ho$ A§VJ©V ^m[a~¢ Ho$ AZw_moXZ go bmJy {H$ÝVw Bg A{Y{Z`_ Am¡a `Wm bmJy {Z`m_H$mo§ Ho$ A§VJ©V {Z{X©îQ g_JŒ g_` gr_m Ho$ ^rVa hmoJm&''
""`h ^r g§H$ën {b`m OmVm h¡ {H$ {ZJ©_ {H$`m OmZo dmbm Cº Z`m B©p¹Qr eo`a `Wm g§emo{YV H$mnmo©aoeZ ~¢H$ (eo`a Am¡a ~¡RH|$) {d{Z`_Z, 1998 Ho$ AZwgma Am¡a Eogo ñnîQrH$aU Ho$ g_` à^mdr gm§{d{YH$ {Xem
14
Meetings) Regulations, 1998 as amended and shall rank in all respects pari-passu with the existing equity shares of the Bank including dividend, if any, in accordance with the statutory guidelines that are in force at the time of such declaration.”
“RESOLVED FURTHER THAT the equity shares to be issued shall be listed with the stock exchanges where the existing equity shares of the Bank are listed.”
“RESOLVED FURTHER THAT the Board be and is hereby authorized to enter into and execute all such arrangements with any Lead Manager(s), Banker(s), Underwriter(s), Depository(ies),Legal Advisor(s), Monitoring Agencies and all such agencies as may be involved or concerned in such offering of aforesaid Securities and to remunerate all such institutions and agencies by way of commission, brokerage, fees or the like and also to enter into and execute all such arrangements, agreements, memoranda, documents, etc., with such agencies.”
“RESOLVED FURTHER THAT for the purpose of giving effect to the above, the Board, in consultation with the Lead Managers, Underwriters, Advisors and/or other persons as appointed by the Bank, be and is hereby authorized to determine the form and terms of the issue(s), including the class of investors to whom the aforesaid Securities are to be allotted, their number to be allotted in each tranche, issue price (including premium, if any), face value, premium amount on issue/conversion of Securities/exercise of warrants/redemption of Securities, rate of interest, redemption period, number of equity shares/preference shares or other securities upon conversion or redemption or cancellation of the Securities, the price, premium or discount on issue/conversion of Securities, rate of interest, period of conversion, fi xing of record date or book closure and related or incidental matters, listings on one or more stock exchanges in India and/or abroad, as the Board in its absolute discretion deems fi t.”
“RESOLVED FURTHER THAT such of the aforesaid Securities as are not subscribed may be disposed off by the Board in its absolute discretion in such manner, as the Board may deem fi t and as permissible by law.”
“RESOLVED FURTHER THAT for the purpose of giving effect to this Resolution, the Board, be and is hereby authorised to do all such acts, deeds, matters and things as it may in its absolute discretion deem necessary, proper and desirable and to settle any question, diffi culty or doubt that may arise in regard to the issue, of the shares/securities and further to do all such acts, deeds, matters and things, fi nalize and execute all documents and writings as may be necessary, desirable or expedient as it may in its absolute discretion deem fi t, proper or desirable without being required to seek any further consent
{ZXoemo§ Ho$ AZwên bm^m§e, AJa H$moB© hmo, g{hV ~¢H$ Ho$ {dÚ_mZ B©p¹Qr eo`amo§ H$s g_Vwë`Vm na V` {H$`m OmEJm&''
""`h ^r g§H$ën {b`m OmVm h¡ {H$ B©p¹Qr eo`amo§ H$mo CZ ñQm°H$ EŠgMo§Omo§ _o§ gyMr~Õ {H$`m OmEJm Ohm± ~¢H$ Ho$ {dÚ_mZ B©p¹Qr eo`a gyMr~Õ {H$`m OmVm h¡&''
""`h ^r g§H$ën {b`m OmVm h¡ {H$ ~moS© H$mo {H$gr AJŒUr à~§YH$(H$mo§), ~¢H$a(amo§), hm_rXma(amo§), {ZjonmJma(amo§), {d{Y gbmhH$ma(amo§), {ZJamZr EOo§gr(`mo§) Am¡a Cnamoº à{V^y{V`mo§ H$mo Bg àH$ma go àñVmd H$aZo _o§ em{_b `m g§~§{YV Eogr g^r EOo§{g`mo§ Ho$ gmW H$ama H$aZo Am¡a Cgo {ZînmXZ H$aZo VWm Eogo g^r g§ñWmZmo§ Ed§ EOo§{g`mo§ H$mo H$_reZ, Xbmbr Am¡a ewëH$ `m Bg àH$ma {H$gr AÝ` àH$ma H$s à{Vny{V© H$aZo Am¡a Eogr g^r EOo§{g`mo§ Ho$ gmW Bg àH$ma H$s g^r ì`dñWmAmo§, H$amamo§, kmnZmo§, àboImo§ BË`m{X Ho$ gmW H$ama Ed§ CgH$mo {ZînmXZ H$aZo hoVw àm{YH¥ V {H$`m OmVm h¡&''
""`h ^r g§H$ën {b`m OmVm h¡ {H$ Cnamoº H$mo à^mdr H$aZo Ho$ CÔoí` go AJŒUr à~§YH$mo§, hm_rXmamo§, gbmhH$mamo§ Am¡a/`m ~¢H$ Ûmam {Z`wº AÝ` ì`{º`mo§ Ho$ nam_e© go ~moS© H$mo {ZdoeH$mo§ Ho$ Cg dJ© g{hV {OÝho§ Cº à{V^y{V`mo§ H$mo Am~§{QV {H$`m OmZm h¡, Cº Bí`y Ho$ ñdên Am¡a eVmoª, àË`oH$ {hñgo _o§ Am~§{QV {H$E OmZo H$s g§»`m, {ZJ©_ _yë` (àr{_`_, AJa H$moB© hmo, g{hV), A§{H$V _yë`, {ZJ©_ na àr{_`_ am{e/ à{V^y{V`mo§ H$m A§VaU/dma§Qmo§ H$m à`moJ/à{V^y{V`mo§ H$m CÝ_moMZ, ã`mO Xa, CÝ_moMZAd{Y, B©p¹Qr eo`amo§/A{Y_m{ZV eo`amo§/n[adV©Z `m CÝ_moMZ `m {ZañVrH$aU Ho$ ~mX AÝ` à{V^y{V`mo§ H$s g§»`m, CZH$m _yë`, {ZJ©_/ à{V^y{V`mo§ Ho$ n[adV©Z na àr{_`_ `m ~Åm, ã`mO Xa, n[adV©Z H$s Ad{Y, [aH$mS© H$s {V{W `m ~hr ~§Xr Am¡a g§~pÝYV `m AmH$pñ_H$ _Xo§, ^maV Ho$ A§Xa Am¡a/`m ~mha _o§ EH$ `m A{YH$ ñQm°H$ EŠgMo§Omo§ _o§ gyMr~ÕVm H$mo {ZYm©[aV H$aZo go g§~§{YV àmên Ed§ eVoª {ddoH$mZwgma C{MV ên go {ZYm©[aV H$aZo hoVw àm{YH¥ V {H$`m OmVm h¡&''
""`h ^r g§H$ën {b`m OmVm h¡ {H$ AJa Cnamoº à{V^y{V`mo§ H$m A§eXmZ Zht hmo nmVm h¡ Vmo ~moS© O¡gm Cn`wº g_Âmo Am¡a O¡gm {d{Y Ûmam AZw_V hmo, AnZo {ddoH$ go CgH$m {ZnQmZ H$a gH$Vm h¡&''
""`h ^r g§H$ën {H$`m OmVm h¡ {H$ Bg g§H$ën H$mo à^mdr ~ZmZo Ho$ CÔoí` hoVw {ZXoeH$ _§Sb H$mo Eogr g_ñV H$ma©dmB©, H$m`©, _m_bo Am¡a H$m_ H$aZo hoVw VWm Cº B©p¹Qr eo`amo§ H$mo Omar H$aZo Ho$ g§~§Y _o§ CËnÞ hmoZodmbo {H$gr àý, H${RZmB`mo§ Am¡a g§Xoe H$mo {ZnQmZo hoVw EVX² Ûmam àm{YH¥ V {H$`m OmVm h¡ Omo CgHo$ {ddoH$mZwgma Amdí`H$, C{MV Am¡a dm§NZr` g_Âmm OmE& BgHo$ Abmdm CÝho§ Eogr g_ñV H$ma©dmB©, H$m`©, _m_bo Am¡a H$m_ Amdí`H$, dm§NZr` Am¡a A{Zdm`© XñVmdoµOmo§ Am¡a H$mJµOmV H$mo A§{V_ ên XoH$a {Zînm{XV H$aZo Omo {H$ {ZXoeH$ _§Sb Ho$ {ddoH$mZwgma Cn`wº, C{MV Am¡a dm§NZr` hmo§, Ho$ {bE eo`aYmaH$mo§ go A{V[aº gh_{V `m AZw_moXZ _m±JZm Z n‹So Am¡a do
15ANNUAL REPORT 2018-19
or approval of the shareholders or authorise to the end and intent, that the shareholders shall be deemed to have given their approval thereto expressly by the authority of the Resolution.”
“RESOLVED FURTHER THAT the Board be and is hereby authorized to delegate all or any of the powers herein conferred jointly or severally to Securities Allotment Committee of the Board or the Managing Director & Chief Executive Offi cer (MD & CEO) or to the Executive Director or the Chief Financial Offi cer or the Company Secretary of the Bank to give effect to the aforesaid Resolutions.”
By order of the Board of Directorsfor CORPORATION BANK
Place : Mangaluru (S. K. DASH)Date : 30.05.2019 COMPANY SECRETARY
Bg g§H$ën Ho$ àm{YH$ma go eo`aYmaH$mo§ Ûmam ñnîQV`m AZw_moXZ àmßV _mZo OmE±&''
""`h ^r g§H$ën {H$`m OmVm h¡ {H$ ~¢H$ Ho$ {ZXoeH$ _ÊSb H$mo nydmo©º g§H$ën H$mo à^mdr H$aZo Ho$ {bE ~moS© H$s à{V^y{V Am~§QZ g{_{V, `m à~§Y {ZXoeH$ Ed§ _w»` H$m`©nmbH$ A{YH$mar (E_Sr Ed§ grB©Amo) `m H$m`©nmbH$ {ZXoeH$ (JU) m _w»` {dÎmr` A{YH$mar m ~¢H$ Ho$ H§$nZr g{Md H$mo AnZo g^r `m {H$gr A{YH$ma H$mo àË`m`mo{OV H$aZo H$m àm{YH$ma hmoJm&''
{ZXoeH$ _§Sb Ho$ AmXoe Ûmam H¥ Vo H$mnmo©aoeZ ~¢H$
ñWmZ … _§Jbya (Eg. Ho$. Xme){XZm§H$ … 30.05.2019 H§$nZr g{Md
NOTES
1. APPOINTMENT OF PROXY
A SHAREHOLDER ENTITLED TO ATTEND THE MEETING, IS ALSO ENTITLED TO APPOINT A PROXY TO ATTEND INSTEAD OF HIMSELF/HERSELF, AND SUCH A PROXY NEED NOT BE A SHAREHOLDER OF THE BANK.
However, the proxy so appointed will not have any right to speak at the Meeting.
No person shall be appointed as a proxy who is an offi cer or an employee of Corporation Bank.
As per the Regulations 70(vi), the grantor of an instrument of proxy shall not be entitled to vote in person at the meeting to which such instrument relates.
The proxy form, in order to be effective, must be received by the Bank at its Head Offi ce at Mangala Devi Temple Road, Mangaluru – 575 001, Karnataka State, not later than FOUR DAYS before the date of the meeting, i.e., on or before the closing hours i.e., 5.00 p.m. of Monday, the 24th June, 2019.
2. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE
No person shall be entitled to attend or vote at the Annual General Meeting as a duly authorised representative of anybody corporate which is a shareholder of the Bank,
ZmoQ>1. àm°Šgr H$s {Z`w{º
{Og eo`aYmaH$ H$mo ~¡RH$ _o§ ^mJ boZo H$m A{YH$ma h¡, Cgo AnZo ñWmZ na ~¡RH$ _o§ ^mJ boZo Ho$ {bE EH$ àm°Šgr {Z`wº H$aZo H$m ^r A{YH$ma h¡ VWm Eogo àm°Šgr H$m H$mnmo©aoeZ ~¢H$ H$m eo`aYmaH$ hmoZm Amdí`H$ Zht h¡&
VWm{n, Bg àH$ma {Z`wº àm°Šgr H$mo ~¡RH$ _o§ ~mobZo H$m H$moB© A{YH$ma Zht hmoJm&
àm°Šgr Ho$ ên _o§ Eogo {H$gr ì`{º H$s {Z`w{º Zht H$s OmEJr Omo H$mnmo©aoeZ ~¢H$ H$m EH$ A{YH$mar `m H$_©Mmar hmo&
{d{Z`_ 70(vi) Ho$ AZwgma àm°Šgr {bIV XoZodmbm, {bIV go g§~§{YV ~¡RH$ _o§ ì`{ºJV ên go dmoQ XoZo Ho$ {bE nmÌ Zht hmoJm&
àm°Šgr \ m_© à^mdr hmoZo hoVw ~¡RH$ àma§^ hmoZo go H$_-go-H$_ Mma {XZ nhbo AWm©V² gmo_dma, 24 OyZ, 2019 H$mo H$m`©g_` H$s g_mpßV AWm©V² Anam• 5.00 ~Oo VH$ `m Cggo nhbo ~¢H$ Ho$ àYmZ H$m`m©b`, _§JbmXodr _§{Xa _mJ©, _§Jbya-575 001, H$Zm©QH$ amÁ` _o§ àmßV hmo OmZm Mm{hE&
2. àm{YH¥ V à{V{Z{Y H$s {Z`w{º
~¢H$ Ho$ eo`aYmaH$ H§$nZr {ZH$m` H$m {d{YdV² àm{YH¥ V à{V{Z{Y Ho$ ên _o§ H$moB© ì`{º, dm{f©H$ _hmg^m _o§ ^mJ boZo Am¡a _VXmZ H$aZo hoVw V~ VH$ nmÌ Zht hmoJm, O~ VH$ Cgo {d{YdV² àm{YH¥ V à{V{Z{Y Ho$ ên _o§
16
unless a copy of the resolution appointing him/her as a duly authorised representative, certifi ed to be true copy by the Chairman of the meeting at which it was passed, shall have been deposited at the Head Offi ce of the Bank, with the Company Secretary, Corporation Bank, Investor Services Department, H.O., Mangaluru–575 001, Karnataka State, not later than FOUR DAYS before the date of the Meeting i.e., on or before the closing hours i.e., 5.00 p.m. of Monday, the 24th June, 2019.
3. EXERCISE OF RIGHTS OF JOINT HOLDERS
If shares are in the names of joint holders, then fi rst named person is only entitled to attend the meeting and is only eligible to vote.
4. CLOSURE OF REGISTER OF MEMBERS
Pursuant to Regulation 12 of the Corporation Bank (Shares and Meetings) Regulations, 1998, the Register of Members and the Share Transfer Books of the Bank will remain closed from Friday, the 21st June, 2019 to Saturday, the 29th June, 2019 (both days inclusive) in connection with the Twenty Second Annual General Meeting and Monday, the 24th June, 2019 be the cut-off date for entitlement of shareholder for remote e-voting or voting in the Annual General Meeting.
5. ATTENDANCE SLIP - CUM - ENTRY PASS
For the convenience of the shareholders, Attendance Slip-cum-Entry Pass is annexed to this notice. Shareholders/Proxy holders/Authorized Representatives are requested to fi ll in and affi x their signatures at the space provided therein and surrender the same at the venue. Proxy/Authorized Representative of shareholders should state on the Attendance Slip-cum-Entry Pass as “Proxy” or “Authorized Representative” as the case may be.
6. Serving of Notice
Electronic copy of the Notice of the 22nd Annual General Meeting of the Bank inter alia indicating the process and manner of e-voting along with Attendance Slip and Proxy Form is being sent to all the members whose email IDs are registered with the Bank/Depository Participant(s) for communication purposes unless any member has requested for a hard copy of the same. For members who have not registered their email address, physical copies of the Notice of the 22nd Annual General Meeting of the Bank inter alia indicating the process and manner of e-voting along with Attendance Slip and Proxy Form, are being sent in the permitted mode.
7. The explanatory statement to the item on the agenda is annexed hereto.
{Z`wº H$aZodmbo g§H$ën H$s à{V H$mo Cg ~¡RH$ Ho$ AÜ`j Ûmam, {Og ~¡RH$ _o§ dh nm[aV {H$`m J`m hmo, gË`à{V à_m{UV {H$`m J`m hmo, ~¡RH$ H$s {V{W go H$_-go-H$_ Mma {XZ nhbo AWm©V² gmo_dma, 24 OyZ, 2019 H$mo H$m`© g_` H$s g_mpßV AWm©V² Anam• 5.00 ~Oo VH$ `m Cggo nhbo ~¢H$ Ho$ àYmZ H$m`m©b` _o§ H§$nZr g{Md, H$mnmo©aoeZ ~¢H$, {ZdoeH$ godm {d^mJ, à.H$m. _§Jbya - 575 001, H$Zm©QH$ amÁ` H$mo àñVwV Zht {H$`m OmVm h¡&
3. g§`wº YmaH$mo§ Ho$ A{YH$mamo§ H$m à`moJ
`{X eo`a g§`wº YmaH$mo§ Ho$ Zm_ _o§ h¡, V~ Ho$db nhbo Zm{_V ì`{º hr ~¡RH$ _o§ ^mJ boZo hoVw nmÌ hmoJm Am¡a dh hr ~¡RH$ _o§ dmoQ SmbZo Ho$ {bE nmÌ hmoJm&
4. gXñ`mo§ Ho$ a{OñQa H$s ~§Xr
H$mnmo©aoeZ ~¢H$ (eo`a Ed§ ~¡RH$) {d{Z`_, 1998 Ho$ {d{Z`_ 12 Ho$ AZwgaU _o§ ~¢H$ Ho$ gXñ`mo§ H$m a{OñQa Am¡a eo`a A§VaU ~{h`m±, ewHŒ dma 21 OyZ, 2019 go e{Zdma, 29 OyZ, 2019 (XmoZmo§ {XZmo§ g{hV) ~mB©gdt dm{f©H$ _hmg^m Ho$ g§~§Y _o§ VWm Cº dm{f©H$ _hmg^m _o§ ^mJ boZo VWm A§{V_ bm^m§e, `{X H$moB© hmo, H$mo àmßV H$aZo hoVw nmÌ eo`aYmaH$mo§ Ho$ Zm_ {ZYm©[aV H$aZo Ho$ CÔoí` go ~§X aho§Jr BgHo$ {bE [a_moQ B-dmoqQJ hoVw gmo_dma, 24 OyZ 2019 H$mo H$Q-Am°\ {V{W _mZr Om`oJr &
5. CnpñW{V nÌH$-gh-àdoe nÌ
eo`aYmaH$mo§ H$s gw{dYm hoVw CnpñW{V nÌH$-gh-àdoe nÌ Bg gyMZm Ho$ gmW AZw~§{YV h¡& eo`aYmaH$mo§/àm°ŠgrYmaH$mo§/àm{YH¥ V à{V{Z{Y`mo§ go AZwamoY h¡ {H$ do Cgo ^aH$a Cg_o§ {ZYm©[aV ñWmZ na AnZo hñVmja H$ao§ Am¡a ~¡RH$ ñWmZ na Bgo gm¢n Xo§& eo`aYmaH$mo§ Ho$ àm°Šgr/àm{YH¥ V à{V{Z{Y H$mo CnpñW{V nÌH$-gh-àdoe nÌ _o§ WmpñW{V “àmŠgr” m “àm{YH¥ V à{V{Z{Y”, O¡gm ^r _m_bm hmo, Cp„{IV H$aZm Mm{hE&
6. gyMZm Vm{_b H$aZm 22dt dm{f©H$ _hmg^m H$s gyMZm H$s BboŠQ—m°{ZH$ à{V AÝ` ~mVmo§ Ho$
gmW-gmW B©-dmoqQJ H$s à{HŒ m Am¡a nÕ{V gy{MV H$aVo hwE CnpñW{V nÌH$ Ed§ àm°Šgr \ m_© Ho$ gmW CZ g^r gXñ`mo§ H$mo oOr Om ahr h¡ {OÝhmo§Zo AnZr B©-_ob AmB©Sr g§gyMZm Ho$ {bE ~¢H$/{Snm°{µOQar nm{Q©{gno§Q Ho$ gmW n§OrH¥ V H$admB© h¡ Am¡a BgH$s hmS© H$m°nr Ho$ {bE AZwamoY Z {H$`m hmo& {OZ gXñ`mo§ Zo AnZm B©_ob nVm n§OrH¥ V Z H$adm`m hmo, CÝho§ 22dt dm{f©H$ _hmg^m H$s gyMZm H$s H$mJµOr à{V AÝ` ~mVmo§ Ho$ gmW-gmW B©-dmoqQJ H$s à{HŒ m Am¡a nÕ{V gy{MV H$aVo hwE CnpñW{V nÌH$ Ed§ àm°Šgr \ m_© Ho$ gmW AZw_V {d{Y Ûmam ^oOr Om ahr h¡&
7. H$m`©gyMr na _Xmo§ go g§~§{YV ì`m»`mË_H$ {ddaU AZwgyMr Ho$ gmW g§b¾ h¡
17ANNUAL REPORT 2018-19
8. The business set out in the Notice will be transacted through electronic voting system and the Bank is providing facility for voting by electronic means.
Voting through electronic voting system
a) In compliance with provisions of Regulation 44 of the SEBI(LODR) Regulations, 2015 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended, the Bank is pleased to provide to its members facility to exercise their right to vote on resolutions proposed to be passed in the 22nd Annual General Meeting (AGM) by electronic means. The members may cast their votes using an electronic voting system from a place other than the venue of the Meeting (‘remote e-voting’).
b) The facility for voting through electronic voting system (‘Insta Poll’) shall be made available at the Meeting and the members attending the Meeting who have not cast their vote by remote e-voting shall be able to vote at the Meeting through (‘Insta Poll’).
c) The members who have cast their vote by remote e-voting may also attend the Meeting but shall not be entitled to cast their vote again. It is hereby clarifi ed that it is not mandatory for a shareholder to vote using the remote e-voting facility, and a shareholder may avail of the facility at his/her/their discretion, subject to compliance with the instructions prescribed below.
d) The Bank has engaged the services of Karvy Fintech Private Limited (“Karvy”) as the Agency to provide e-voting facility.
e) Voting rights shall be reckoned on the paid-up value of shares registered in the name of the member/benefi cial owner (in case of electronic shareholding) as on the cut-off date i.e. Monday, June 24, 2019. subject to the condition that no shareholder of the Bank, other than the Central Government, shall be entitled to exercise voting rights in respect of any shares held by him in excess of ten percent of the total voting rights of all the shareholders of the Bank.
f ) A person, whose name is recorded in the register of members or in the register of benefi cial owners maintained by the depositories as on the cut-off date, i.e. Monday, June 24, 2019 only shall be entitled to avail the facility of remote e-voting/Insta Poll.
g) Any person who becomes a member of the Bank after dispatch of the Notice of the Meeting and holding shares as on the cut-off date i.e. Monday, June 24, 2019, may obtain the User ID and password in the manner as mentioned below: by writing to the Bank at [email protected] or by post with authenticated proof of shareholding or write to KARVY Fintech Pvt. Ltd. at [email protected],suffi ciently before the closing of the remote e-voting.
8. Zmo{Qg _o§ {X`m J`m ì`dgm` H$m`© BboŠQ—m°{ZH$ dmoqQJ {gñQ_
Ho$ Ûmam {H$`m Om`oJm gmW hr BboŠQ—m°{ZH$ gmYZmo§ go dmoqQJ H$s
gw{dYm ~¢H$ CnbãY H$am`oJm &
BboŠQ—m°{ZH$ VarHo$ go dmoqQJ
H$) H§$nZr (à~§YZ Ed§ àemgZ) {Z`_, 2014 Ho$ {Z`_ 20 Ho$ gmW n{RV go~r (EbAmoSrAma) {d{Z`_, 2015 Ho$ {d{Z`_ 44 Ho$ àmdYmZmo§ Ho$
AZwnmbZ _o§ ~¢H$, AnZo gXñ`mo§ H$mo 22 dt dm{f©H$ _hmg^m (EOrE_)
_o§ àñVm{dV g§H$ënmo§ H$mo nmg H$aZo hoVw AnZo gXñ`mo§ H$mo BboŠQ—m{ZH$
_mÜ`_ go AnZo _V Ho$ A{YH$ma H$m à`moJ H$aZo hoVw B©-dmoqQJ gw{dYm
ghf© àñVwV H$aVm h¡& gXñ` AnZo _Vm{YH$ma H$m à`moJ BboŠQ—m{ZH$
dmoqQJ {gñQ_ Ho$ _mÜ`_ go ~¡RH$ H$s OJh Ho$ A{V[aº AÝ` OJh go
^r H$a gH$Vo h¢ ("[a_moQ B©-dmoqQJ')&
I) BboŠQ—m{ZH$ dmoqQJ {gñQ_ go dmoqQJ H$aZo H$s gw{dYm (""B§ñQm nmob'')
H$mo ~¡RH$ Ho$ ñWmZ na CnbãY H$am`m Om`oJm VWm ~¡RH$ _o§ AmZo dmbo
gXñ` {OÝhmo§Zo [a_moQ dmoqQJ (""B§ñQm nmob'') Ûmam dmoqQJ Zhr§ {H$`m h¡
do AnZm dmoQ Xo gH|$Jo&
J) {OZ gXñ`mo§ Zo [a_moQ B©-dmoqQJ Ûmam AnZo _V H$m à`moJ {H$`m h¡ do
^r ~¡RH$ _o§ ^mJ bo gH|$Jo bo{H$Z nwZ… _VXmZ hoVw nmÌ Zht hmo§Jo& `hm±
ñnîQ {H$`m OmVm h¡ {H$ eo`aYmaH$ Ho$ {bE [a_moQ B©-dmoqQJ gw{dYm H$m
Cn`moJ H$aVo hwE _V XoZm A{Zdm`© Zht h¡ Am¡a {ZåZ{b{IV {ZXo©emo§ H$m
AZwnmbZ H$aVo hwE EH$ eo`aYmaH$ Bg gw{dYm H$m Cn`moJ AnZo/CZH$m/CZH$s {ddoH$ Ho$ AZwgma H$a gH$Vo h¢-
K) ~¢H$ Zo B©-dmoqQJ H$s gw{dYm àXmZ H$aZo Ho$ {bE EOo§gr Ho$ ên _o§ H$mdr©
{\$ZQoH$ àmBdoQ {b{_QoS (""H$mdr©'') H$mo {Z`wº {H$`m h¡&
L) _VXmZ A{YH$ma H$s JUZm H$Q Am°\ {V{W AWm©V gmo_dma, 24 OyZ
2019 H$mo gXñ`/bm^mWr© ñdm_r Ûmam Ym[aV eo`amo§ Ho$ àXÎm _yë` Ho$
AmYma na H$s Om`oJr Omo Bg eV© Ho$ AYrZ hmoJm {H$ H|$Ð gaH$ma H$mo
Nmo‹SH$a AÝ` H$moB© eo`aYmaH$ ~¢H$ Ho$ Hw$b eo`aYmaH$mo§ Ho$ _Vm{YH$ma Ho$
Xg à{VeV go A{YH$ H$s eo`aYm[aVm hoVw _Vm{YH$ma Ho$ {bE nmÌ Zht
hmoJm&
M) EH$ ì`{º {OgH$m Zm_ gXñ`mo§ Ho$ a{OñQa _o§ `m {Snm{OQar Ho$ nmg aIo
bm^mWr© ñdm_r Ho$ a{OñQa _o§ H$Q-Am°\ {V{W gmo_dma, 24 OyZ 2019
H$mo XO© hmoJm dhr [a_moQ B©-dmoqQJ/B§ñQm nmob H$mo {bE nmÌ hmoJm&
N) EH$ ì`{º Omo Zmo{Qg oOo OmZo Ho$ ~mX ~¢H$ H$m gXñ` ~ZVm h¡ Am¡a H$Q-
Am°\ gmo_dma, 24 OyZ 2019 H$mo eo`a YmaU H$aVm h¡ dh {ZåZ{b{IV
àH$ma go `yOa AmB© Sr Ed§ nmgdS© àmßV H$a gH$Vm h¡ - ~¢H$ H$mo isd@
corpbank.co.in na m eo`aYm[aVm Ho$ à_mUrH$aU Ho$ gmW SmH$ Ûmam {bIo `m H$mdr© {\ ZQoH$ àm. {b. H$mo B©-dmoqQJ H$s g_mpßV Ho$ n`m©ßV nhbo [email protected] na B©-_ob H$ao§&
18
h) The remote e-voting period commences on 26th June, 2019 (09:00 a.m.) and ends on 28th June, 2019 (05:00 p.m.) and the remote e-voting shall not be allowed beyond this date and time. During this period, shareholders of the Bank, holding shares either in physical form or in dematerialized form, as on Monday, June 24, 2019(cut-off date), may cast their vote electronically. The remote e-voting module shall be blocked by Karvy Fintech Pvt. Ltd., for voting thereafter. Once the vote on a resolution is cast by the shareholder, the shareholder shall not be allowed to change it subsequently.
i) In case of Joint holders, login ID/User Id and password details shall be sent to the fi rst holder of the shares. Accordingly, the vote using user ID and Password sent to fi rst holder is recognized on behalf of all the joint holders as the shareholder who casts the vote through the remote e-voting services of Karvy, is doing so on behalf of all joint holders. First holder shall mean the holder of shares, whose name is fi rst registered against the shares held.
j) Only a Shareholder entitled to vote is entitled to exercise his vote through remote e-voting. Any person having no voting rights should treat this Notice as intimation only.
k) Mr. Ankur Kumar, Advocate (Bar Council Registration No. MAH/5718/2011) of M/s. Ezy Laws, Mumbai, has been appointed as the Scrutinizer to scrutinize the Insta Poll and remote e-voting process in a fair and transparent manner and he has communicated his willingness to be appointed and will be available for same purpose.
l) The Scrutinizer shall, fi rst count the votes cast at the meeting (insta votes), thereafter unblock the votes cast through remote e-voting in the presence of at least two witnesses not in the employment of the Bank and make, not later than three days of conclusion of the Annual General Meeting, a consolidated scrutiniser’s report of the total votes cast in favour or against, if any, and submit the report to the Chairman or a person authorised by him in writing and shall countersign the same to declare the result of voting forthwith.
m) The Results declared alongwith the consolidated Scrutinizer’s Report shall be placed on the Bank’s website www.corpbank.com and on the website of Karvy Computershare Pvt. Ltd. The results shall simultaneously be communicated to the Stock Exchanges (NSE & BSE).
n) Subject to receipt of requisite number of votes, the Resolutions shall be deemed to be passed on the date of the Meeting, i.e. June 29, 2019.
O) [a_moQ B©-dmoqQJ 26 OyZ, 2019 (àmV…09 ~Oo) go ewê hmoH$a 28 OyZ
2019 ( gm`§ 05:00 ~Oo) H$mo g_mßV hmoJr VWm Bg {V{W Ed§ g_` Ho$
~mX [a_moQ B©-dmoqQJ H$s AZw_{V Zht hmoJr& gmo_dma, 24 OyZ 2019
(H$Q-Am\ {V{W) H$mo BboŠQ—m{ZH$ `m ^m¡{VH$ ên go ~¢H$ eo`amo§ H$mo
YmaU H$aZo dmbo eo`aYmaH$ Bg Ad{Y Ho$ Xm¡amZ AnZo _Vm{YH$ma H$m
à`moJ Bg Ad{Y Ho$ Xm¡amZ BboŠQ—m{ZH$ T§J go H$a gH$Vo h¢& BgHo$ ~mX
H$mdr© {\ ZQoH$ àmBdoQ {b{_QoS Ûmam [a_moQ B©-dmoqQJ _m°Sçyb H$mo ãbmH$
H$a {X`m Om`oJm& `{X eo`aYmaH$ {H$gr g§H$ën na AnZm dmoQ Xo XoVm h¡
V~ ~mX _o§ BgHo$ n[adV©Z H$s AZw_{V Zht hmoJr&
Âm) g§`wº YmaH$mo§ Ho$ _m_bo _o§, bmJBZ AmBSr/`yOa AmBSr H$mo àW_
eo`aYmaH$ Ho$ Zm_ go ^oOm Om`oJm& VXZwgma àW_ eo`aYmaH$ H$mo
^oOo JE `yOa AmBSr Ed§ nmgdS© H$m à`moJ H$aVo hwE {XE OmZo dmbo
_V H$mo g^r eo`aYmaH$mo§ H$s Amoa go _mZm Om`oJm Š`mo§{H$ H$mdr© H$s
[a_moQ B©-dmoqQJ H$s gw{dYm H$m Cn`moJ H$aVo hwE Omo eo`aYmaH$ _VXmZ
H$aVm h¡ dh g^r g§`wº eo`aYmaH$mo§ H$s Amoa go _VXmZ H$aVm h¡& àW_
eo`aYmaH$ go VmËn`© Ym[aV eo`amo§ _o§ n§OrH¥ V nhbm Zm_ h¡&
Äm) Ho$db dh eo`aYmaH$ Omo _VXmZ H$aZo hoVw nmÌ h¡ dht [a_moQ B©-dmoqQJ
Ûmam _VXmZ hoVw ^r nmÌ hmoJm& H$moB© ì`{º {Ogo _VXmZ H$m A{YH$ma
Zht h¡ Bg gyMZm H$mo Ho$db gyMZmW© g_Âmo§&
V) _ogg© B©Or bm, _w§~B© Ho$ lr A§Hw a Hw _ma , ESdmoHo$Q ( ~ma H$mC§{gb
n§Or`Z g§. E_EEM/5718/2011) H$mo B§ñQm nmob VWm [a_moQ B©-
dmoqQJ à{HŒ m H$s {Zînj Ed§ nmaXer© g§drjm hoVw _VnÌ-{ZarjH$
{Z`wº {H$`m J`m h¡ VWm CÝhmo§Zo {Z`w{º hoVw AnZr gh_{V Xr h¡ Ed§ Bg
hoVw CnbãY aho§Jo&
W) _VnÌ-{ZarjH$ nhbo ~¢RH$ _o§ hwE _VXmZ Ho$ _Vmo§ H$s JUZm H$aoJm
(B§ñQm dmoQ), VËnümV _hmg^m H$s ~¡RH$ Ho$ VrZ {XZ Ho$ rVa Xmo Jdmhmo§
Omo ~¢H$ `m g§JRZ Ho$ H$_©Mmar Z hmo§ CZHo$ g_j [a_moQ B©-dmoqQJ Ûmam
Smbo JE _Vmo§ H$mo AZãbm°H$ H$aoJm, AÜ`j H$mo `m CZHo$ Ûmam {b{IV
ên go A{YH¥ V {H$E JE ì`{º H$mo nj m {dnj _o§ n‹So _Vmo§ H$s g_o{H$V
[anmoQ© àñVwV H$aoJm Ed§ n[aUm_ H$mo Omar {H$E OmZo hoVw Bg [anmoQ© H$mo
à{VhñVmj[aV ^r H$aoJm&
X) Kmo{fV n[aUm_ H$mo _VnÌ-{ZarjH$ H$s g_o{H$V [anmoQ© Ho$ gmW ~¢H$ H$s
do~gmBQ www.corpbank.com VWm H$mdr© H§$ß`yQaeo`a àm. {b. H$s
do~gmBQ na àX{e©V {H$`m Om`& gmW hr n[aUm_ H$m ñQm°H$ EŠgMo§O
(EZEgB© VWm ~rEgB©) H$mo ^r gy{MV {H$`m OmZm Mm{hE &
Y) Amdí`H$ _Vmo§ Ho$ àmßV hmoZo Ho$ AYrZ g§H$ën H$mo ~¡RH$ H$s {V{W 29
OyZ 2019 H$mo Omar _mZ {b`m Om`oJm&
19ANNUAL REPORT 2018-19
o) Instructions and other information relating to remote e-voting:
The instructions for remote e-voting are as under:
I A. In case a shareholder receives an email from Karvy Computershare Pvt. Ltd. – the authorised e-Voting Platform provider, [for shareholders whose email IDs are registered with the Bank/Depository Participant(s)]:
i) Open your web browser on your computer/on the enabled gadgets during the voting period and navigate to https://evoting.karvy.com
ii) Enter the login credentials (i.e., user-id & password) mentioned in the e-mail/on the Attendance slip. Your folio/DP Client ID will be your User-ID.
User – ID For Members holding shares in Demat Form:-a) For NSDL :- 8 Character DP ID followed by
8 Digits Client IDb) For CDSL :- 16 digits benefi ciary IDFor Members holding shares in Physical Form:• EVEN followed by Folio Number registered
with the Bank.Password Your Unique password is forwarded through the
electronic notice via emailCaptcha Enter the Verifi cation code i.e., please enter the
alphabets and numbers in the exact way as they are displayed for security reasons.
iii) Please contact toll free No. 1800 345 4001 of e-Voting Platform provider, i.e. Karvy Fintech Pvt. Ltd., for any further clarifi cations.
iv) After entering these details appropriately, click on “LOGIN”.
v) Members holding shares in Demat/Physical form will now reach Password Change menu wherein they are required to mandatorily change their login password in the new password fi eld. The new password has to be minimum eight characters consisting of at least one upper case (A-Z).one lower case (a-z), one numeric value (0-9) and a special character. You may also enter the Secret Question and answer of your choice to retrieve your password in case you forget it. You can also update your contact details. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confi dential.
vi) The new password can be used for voting on future e-voting resolution(s) for Corporation Bank or any other Bank/Company in India on which you are
Z) B©-dmoqQJ Ho$ {bE AZwXoe Ed§ AÝ` gyMZmE± {ZåZmZwgma h¢-
[a_moQ B©-dmoqQJ hoVw AZwXoe {ZåZmZwgma h¡:
I H$. `{X {H$gr eo`aYmaH$ H$mo àm{YH¥ V B©-dmoqQJ ßb¡Q\ m_© àXmVm H$mdr© {\ ZQoH$ àm.{b. go B©_ob àmßV hmoVm h¡ (CZ eo`aYmaH$mo§ Ho$ {bE {OZH$s B©_ob AmB©Sr ~¢H$/{Snm°{µOQar nm{Q©{gno§Q Ho$ gmW n§OrH¥ V h¡):
i) dmoqQJ Ho$ Xm¡amZ AnZo do~ ~ŒmCµOa H$mo Imobo§ Am¡a ‘https://evoting.karvy.com’ _o§ Z¡{dJoQ H$ao§&
ii) nmoñQb ~¡bQ \ m_© _o§ Cp„{IV bm°JBZ {ddaU (AWm©V² `yµOa AmB©Sr Am¡a nmgdS©) à{dîQ H$ao§& AnZr \ mo{b`mo/ŠbmB§Q AmB©Sr AmnH$s `yµOa AmB©Sr hmoJr&
`yµOa- AmB©Sr Sr_¡Q ên _o§ eo`a aIZo dmbo gXñ`mo§ Ho$ {bE…-H$) EZEgSrEb Ho$ {bE…- 8 H¡ aoŠQa dmbr Srnr AmB©Sr
Am¡a CgHo$ ~mX 8 A§H$mo§ dmbr ŠbmB§Q AmB©SrI) grSrEgEb Ho$ {bE…-16 A§H$mo§ dmbr bm^mWr© AmB©SrH$mJµOr ên _o§ eo`a aIZo dmbo gXñ`mo§ Ho$ {bE…-• EVEN CgHo$ ~mX ~¢H$ _o§ n§OrH¥ V \ mo{b`mo g§»`m
nmgdS© AmnH$m {d{eîQ nmgdS© BboŠQ—m°{ZH$ gyMZm Ho$ µO[aE B©_ob Ûmam ^oOm h¡&
H¡ nMm gË`mnZ Hy Q à{dîQ H$ao§ AWm©V² gwajm H$maUmo§ go RrH$ Cgr VarHo$ go dUmoª Am¡a g§»`mAmo§ H$mo à{dîQ H$ao§&
iii) {H$gr A{V[aº ñnîQrH$aU/dV©_mZ nmgdS© Ho$ {bE B©-dmoqQJ ßb¡Q\ m_© àmodmBSa AWm©V² H$mdr© {\ ZQoH$ àm.{b. H$s Qmob \Œ r g§. 1800 345 4001 na g§nH© H$ao§&
iv) Cn`wº VarHo$ go ã`m¡ao à{dîQ H$aZo Ho$ ~mX “LOGIN” na pŠbH$ H$ao§&
v) Sr_¡Q/H$mJµOr ên _o§ eo`a aIZo dmbo gXñ` A~ Ý`y nmgdS© ~XbZo H$m _oZy nmE§Jo {Og_o§ CÝho§ ZE nmgdS© H$s \ rëS _o§ AnZm bm°JBZ nmgdS© A{Zdm`© ên go ~XbZm hmoJm& ZE nmgdS© _o§ Ý`yZV_ AmR H¡ aoŠQa hmoZo h¢ {OZ_o§ H$_ go H$_ EH$ Aßna Ho$g (A-Z) dmbm, EH$ bmoda Ho$g (a-z) dmbm, EH$ g§»`m (0-9) Am¡a EH$ {deof H¡ aoŠQa hmo& AJa Amn nmgdS© ^yb OmVo h¢ Vmo Bgo nwZ… àmßV H$aZo Ho$ {bE Amn JmonZr` àý Am¡a CÎma H$s à{dpîQ H$a gH$Vo h¢ & Amn AnZo g§nH© ã`m¡amo§ H$mo ^r AÚVZ H$a gH$Vo h¢& Bg ~mV na µOmoa {X`m OmVm h¡ {H$ AnZm nmgdS© {H$gr AÝ` ì`{º H$mo Z ~VmE§ Am¡a AnZo nmgdS© H$mo JmonZr` aIZo Ho$ {bE AË`{YH$ gmdYmZr ~aVo§&
vi) H$mnmo©aoeZ ~¢H$ `m ^maV _o§ {H$gr AÝ` ~¢H$/H§$nZr _o§, {Og_o§ Amn _VXmZ H$aZo Ho$ {bE nmÌ h¢, ^mdr B©-dmoqQJ g§H$ën (g§H$ënmo§) na dmoqQJ H$aZo Ho$ {bE ZE nmgdS© H$mo BñVo_mb
20
eligible to vote, provided that Bank/Company opts for e-Voting through Karvy Computershare Private Limited, e-Voting Platform provider.
vii) You need to login again with the new credentials i.e. with new password etc.
viii) On successful login, system will prompt to select the ‘EVEN’ i.e., ‘Bank Name’.
ix) On the voting page, you will see Resolution Description and against the same the option ‘FOR/AGAINST/ABSTAIN’ for voting. Enter the number of shares (which represents number of votes) under ‘FOR/AGAINST/ABSTAIN’ or alternatively you may partially enter any number in ‘FOR’ and partially in ‘AGAINST’, but the total number in ‘FOR/AGAINST’ taken together should not exceed your total shareholding/voting right. If the shareholder does not want to cast, select ‘ABSTAIN’.
x) After selecting the resolution you have decided to vote on, click on “SUBMIT”. A confi rmation box will be displayed. If you wish to confi rm your vote, click on “OK”, else to change your vote, click on “CANCEL” and accordingly modify your vote.
xi) Once you ‘CONFIRM’ your vote on the resolution, you will not be allowed to modify your vote and it will be treated as fi nal voting by you.
xii) Institutional shareholders including body corporates (i.e., other than individuals, HUF, NRI etc.) are required to send scanned copy (this fi le be as an attachment in PDF Format) of the resolution appointing him/her as a duly authorised representative, certifi ed to be true copy by the Chairman of the meeting at which it was passed, together with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer through e-mail to [email protected] with a copy marked to [email protected]. The fi le should be named in the format of “the body corporate Name-------------------EVEN ----------”. The scanned copies are to be sent as mentioned above by e-mail, before or immediately after casting the remote e-voting. However, in case the same do not reach scrutinizer/Karvy Fintech Pvt. Ltd., before closure of remote e-voting, the remote e-voting so exercised will be rejected in computer system.
I B. In case a shareholder receives physical copy of theNotice of Annual General Meeting (AGM) [for shareholders whose email IDs are not registered with the Bank/Depository Participant(s) or requesting physical copy]:
i) Initial password is provided at the bottom of the Attendance Slip for the AGM:
H$a gH$Vo h¢ ~eVo© {H$ dh ~¢H$/H§$nZr B©-dmoqQJ Ho$ {bE H$mdr© {\$ZQoH$ àmBdoQ {b{_QoS Ho$ B©-dmoqQJ ßb¡Q\$m_© H$m M`Z H$aVr h¡&
vii) AmnH$mo ZE ã`m¡amo§ AWm©V² nmgdS© Am{X Ho$ gmW {\$a go bm°JBZ H$aZm hmoJm&
viii) g\$bVmnyd©H$ bm°JBZ H$aZo Ho$ ~mX ‘EVEN’ AWm©V² ‘~¢H$ H$m Zm_’ MwZZo Ho$ {bE {gñQ_ AmnH$mo àm°åßQ H$aoJm&
ix) dmoqQJ n¥îR na AmnH$mo g§H$ën H$m {ddaU {XImB© XoJm Am¡a CgHo$ gm_Zo dmoqQJ Ho$ {bE ‘FOR/AGAINST/ABSTAIN’ {dH$ën hmoJm& ‘FOR/AGAINST/ABSTAIN’ Ho$ A§VJ©V eo`amo§ H$s g§»`m (Omo dmoQmo§ H$s g§»`m Xem©Vo h¢) à{dîQ H$ao§ `m {dH$ën Ho$ Vm¡a na Amn Am§{eH$ ên go H$moB© g§»`m ‘FOR’ _o§ à{dîQ H$a gH$Vo h¢ Am¡a Am§{eH$ ên go ‘AGAINST’ _o§, bo{H$Z "FOR/AGAINST’ _o§ Hw$b {_bmH$a AnZr Hw$b eo`aYm[aVm go A{YH$ Zht hmoZm Mm{hE& `{X eo`aYmaH$ dmoQ Zht SmbZm MmhVm h¡ Vmo ‘ABSTAIN’ MwZo§&
x) _VXmZ H$aZo Ho$ {bE g§H$ën H$mo MwZZo Ho$ ~mX “SUBMIT” na pŠbH$ H$ao§& EH$ nwîQrH$aU H$m ~m°Šg {XImB© XoJm& AJa Amn AnZo dmoQ H$s nwpîQ H$aZm MmhVo h¢ Vmo “OK” na pŠbH$ H$ao§, AÝ`Wm “CANCEL” na pŠbH$ H$ao§ Am¡a VXZwgma AnZo {dH$ën H$mo n[ad{V©V H$ao§&
xi) EH$ ~ma Amn g§H$ën na AnZo dmoQ H$mo “CONFIRM”
H$aVo h¢, AmnH$mo AnZo dmoQ H$mo ~XbZo H$s AZw_{V Zht hmoJr Am¡a Bgo AmnHo$ Ûmam A§{V_ dmoqQJ _mZm OmEJm&
xii) H§$nZr {ZH$m` g{hV g§ñWmJV eo`aYmaH$mo§ (AWm©V² ì`{º`mo§, EM`yE\ , EZAmaAmB© Am{X H$mo Nmo‹SH$a AÝ`) Ho$ {bE `h Amdí`H$ h¡ {H$ CÝho§ {d{YdV² àm{YH¥ V à{V{Z{Y Ho$ ên _o§ {Z`wº H$aVo hwE nm[aV g§H$ën H$s ñH¡ Z H$s JB© à{V (`h \ mBb nrSrE\ \ m°_o©Q _o§ EQ¡M_o§Q Ho$ ên _o§ hmo), {Ogo {Og ~¡RH$ _o§ dh g§H$ën nm[aV {H$`m J`m, CgHo$ AÜ`j Ûmam gË`à{V Ho$ ên _o§ à_m{UV {H$`m hmo, Am¡a CgHo$ gmW dmoQ H$aZo Ho$ {bE àm{YH¥ V {d{YdV² àm{YH¥ V hñVmjaH$Vm©(Amo§) Ho$ AZwà_m{UV Z_yZm hñVmja B©_ob Ho$ µO[aE [email protected] H$mo à{V A§{H$V H$aVo hwE [email protected] na ñHŒy {QZmBµOa H$mo ^oOo§& \ mBb H$m Zm_ “the body corporate Name......EVEN....” \ m_o©Q _o§ hmo& Cn`w©º mZwgma ñH¡ Z H$s JB© à{V`m± B©-dmoqQJ go nhbo `m Vwa§V ~mX B©-_ob Ûmam ^oOr OmZr h¡& AJa dh B©-dmoqQJ H$s g_mpßV go nhbo ñHŒy {QZmBµOa/H$mdr© {\ ZQoH$ àmBdoQ {b{_QoS H$mo àmßV Zht hmoVr h¡, Vmo H$s JB© B©-dmoqQJ H§$ß`yQa {gñQ_ _o§ AñdrH¥ V H$s OmEJr&
I I. `{X {H$gr eo`aYmaH$ H$mo dm{f©H$ _hmg^m (EOrE_) H$s gyMZm H$s H$mJµOr à{V àmßV hmoVr h¡ (CZ eo`aYmaH$mo§ Ho$ {bE {OZH$s B©_ob AmB©Sr ~¢H$/{Snm°{µOQar nm{Q©{gno§Q Ho$ gmW n§OrH¥ V Zht h¡ Am¡a Omo H$mJµOr à{V H$m AZwamoY H$aVo h¢)
i) EOrE_ Ho$ CnpñW{V nÌH$ Ho$ ZrMo àma§{^H$ nmgdS© {X`m J`m h¡&
21ANNUAL REPORT 2018-19
EVEN (E-Voting Event Number) USER ID PASSWORD
ii) Please follow all steps from Sl. No. IA (i) to Sl. No. (xii)Above, to cast vote.
II) In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Shareholders available at the Downloads section of https://evoting.karvy.com or contact Karvy Fintech Pvt. Ltd., on Tel. No.1800 345 4001 (toll free).
III) If you are already registered with Karvy Fintech Pvt. Ltd., for e-voting then you can use your existing user ID and password for casting your vote.
IV) You can also update your mobile number and e-mail id in the user profi le details of the folio which may be used for sending future communication(s).
9. UNCLAIMED DIVIDEND, IF ANY
The shareholders who have not encashed their Dividend Warrants/received Dividend of previous periods, if any, are requested to contact the Share Transfer Agent, for issue of duplicate Dividend Warrant. In this regard Bank is also sending reminder letters from time to time to the concerned shareholders as per Dividend Register of the Bank.
As per Section 10B of the Banking Companies (Acquisitions and Transfer of Undertakings) Act, 1980, the amount of Dividend remaining unpaid or unclaimed for a period of seven years is required to be transferred to the Investor Education and Protection Fund (IEPF) established by the Central Government under Section 125 of the Companies Act, 2013.
As a matter of service to shareholders, Bank has been sending reminders to shareholders at regular intervals requesting them to claim the same.
10. REQUEST TO THE SHAREHOLDERS
A) Copies of Balance Sheet
Shareholders are requested to note that copies of the Annual Report will not be distributed at the venue of the Annual General Meeting and hence shareholders are requested to bring their copies of the Annual Report or extract thereof, mailed by the Bank to them at their registered addresses and/or e-mail addresses.
B) Dematerialisation of shares Shareholders who are still holding their shares
in physical form are requested to get their shares dematerialized at the earliest.
C) Change of address or e-mail ID Shareholders are requested to notify any change in
their addresses to:
EVEN (B© dmoqQJ B©do§Q Z§~a) `yµOa AmB©Sr nmgdS©
ii) H¥ n`m dmoQ SmbZo Ho$ {bE Cn`w©º HŒ _m§H$ IA (i) go HŒ _m§H$ (xii) VH$ {XE H$X_mo§ H$m AZwgaU H$ao§&
II `{X H$moB© àý hmo Vmo Amn https://evoting.karvy.com Ho$ SmCZbmoS goŠeZ _o§ CnbãY eo`aYmaH$mo§ Ho$ {bE AŠga nyNo OmZo dmbo àý (E\ EŠ`y) Am¡a eo`aYmaH$mo§ Ho$ {bE B©-dmoqQJ yµOa _¡ZwAb H$m g§X^© bo gH$Vo h¢ Am¡a H$mdr© {\ ZQoH$ àm. {b. go 1800 345 4001 (Qmob \Œ r) go g§nH© H$a gH$Vo h¢&
III AJa AmnZo B©-dmoqQJ Ho$ {bE nhbo hr H$mdr© {\ ZQoH$ àm. {b. Ho$ gmW a{OñQa H$adm`m h¡ Vmo Amn AnZm dmoQ SmbZo Ho$ {bE AnZm dV©_mZ `yµOa AmB©Sr Am¡a nmgdS© H$m BñVo_mb H$a gH$Vo h¢&
IV ^mdr g§gyMZmE§ ^oOZo Ho$ {bE Cn`moJ {H$E OmZo dmbo \ mo{b`mo Ho$ `yµOa àmo\ mBb ã`moao _o§ Amn AnZm _mo~mBb Z§~a Am¡a B©-_ob AmB©Sr H$mo AÚVZ ^r H$a gH$Vo h¢&
9. AXmdmH¥ V bm^m§e `{X H$moB© h¡
{OZ eo`aYmaH$mo§ Zo AnZo bm^m§e dma§Qmo§ H$mo Zht ^wZm`m h¡/AJa nyd© Ad{Y Ho$ bm^m§e àmßV Zht hwE h¢ Vmo SwpßbHo$Q bm^m§e dma§Q Omar H$aZo hoVw ~¢H$ Ho$ eo`a A§VaU EOo§Q go g§nH© H$ao§& Bg g§~§Y _o§ ~¢H$ g_`-g_` na ~¢H$ Ho$ bm^m§e a{OñQa Ho$ AZwgma g§~§{YV eo`aYmaH$mo§ H$mo AZwñ_maH$ ^r ^oO ahm h¡&
~¢qH$J H§$nZr (CnHŒ _mo§ H$m AO©Z Am¡a A§VaU) A{Y{Z`_, 1980 H$s Ymam 10~r Ho$ AZwgma gmV df© H$s Ad{Y Ho$ {bE AXÎm `m AXmdmH¥ V bm^m§e H$s am{e, H§$nZr A{Y{Z`_, 2013 H$s Ymam 125 Ho$ VhV Ho$§Ð gaH$ma Ûmam ñWm{nV {ZdoeH$ {ejm Ed§ g§ajU {Z{Y (AmB©B©nrE\ ) _o§ A§V[aV H$s OmZr Mm{hE&
{ZdoeH$mo§ H$mo ~Vm¡a godm ~¢H$ `h AZwamoY H$aVo hwE {Z`{_V A§Vambmo§ _o§ AZwñ_maH$ nÌ ^oOVm ahm h¡ {H$ do bm^m§emo§ H$m Xmdm H$ao§&
10. eo`aYmaH$mo§ go {ZdoXZ
H$) VwbZnÌ H$s à{V`m± eo`aYmaH$mo§ H$mo gy{MV {H$`m OmVm h¡ {H$ dm{f©H$ _hmg^m Ho$
g_` dm{f©H$ [anmoQ© H$s à{V`m± {dV[aV Zht H$s OmE§Jr, Bg{bE eo`aYmaH$mo§ go AZwamoY h¡ {H$ do ~¢H$ Ûmam CZHo$ n§OrH¥ V nVo na `m B©-_ob nVo na ^oOr JB© dm{f©H$ [anmoQ© H$s à{V `m CgHo$ CÕaU H$mo gmW boH$a AmE§&
I) eo`amo§ H$m Sr_oQr[a`bmBOoeZ AnZo eo`a à_mUnÌ A~ ^r H$mJµOr ên _o§ Ym[aV H$aZodmbo
eo`aYmaH$mo§ go AnZo eo`amo§ H$mo `WmerKŒ Sr_¡Q H$admZo H$m AZwamoY {H$`m OmVm h¡&
J) nVm `m B©-_ob AmB©Sr _o§ n[adV©Z eo`aYmaH$mo§ go AZwamoY {H$`m OmVm h¡ {H$ AnZo nVo _o§ {H$gr
n[adV©Z H$mo {ZåZ{b{IV H$mo Vwa§V A{Ygy{MV H$ao§:
22
• Their respective Depository Participant, in case shares are held in dematerialised form.
• The Share Transfer Agent, M/s Karvy Fintech Pvt. Ltd., Unit: Corporation Bank, Karvy Selenium Tower-B, Plot Nos. 31 & 32, Financial District, Gachibowli, Nanakramguda, Serilingampally, Hyderabad – 500 032 in case shares are held in physical form.
• Shareholders are also requested to register/update their e-mail address with the Bank to enable the Bank to send all communications/notices/Annual Report etc., through e-mail. Shareholders holding shares in demat mode are requested to register/update their e-mail addresses with their respective Depository Participants. Shareholders holding physical shares are requested to send/update their e-mail address with M/s. Karvy Fintech Pvt. Ltd., the Share Transfer Agent of the Bank, at the earliest.
D) Information on Accounts
Shareholders seeking any information/clarifi cation with regard to annual accounts are requested to address their letters to the Company Secretary, Corporation Bank, Investor Services Department, Head Offi ce, Mangaluru – 575 001, Karnataka State at least seven days in advance of the Annual General Meeting so as to reach latest by Friday, June 21, 2019 by 5.00 p.m. to enable the Bank to keep the information ready.
E) Consolidation of Folios
Shareholders, who hold shares in physical form in multiple folios in identical names or joint names in the same order of names, are requested to send the share certifi cates to the Share Transfer Agent of the Bank, M/s Karvy Fintech Pvt. Ltd., for consolidation into a single folio.
F) Change of Status
Non-Resident Indian Shareholders are requested to inform the Share Transfer Agent of the Bank, M/s Karvy Fintech Pvt. Ltd., in respect of shares held in physical form or to inform their respective Depository Participants if shares are held in dematerialised form immediately of:
a) The change in the Residential status on return to India for permanent settlement.
b) The particulars of the Bank Account maintained in India with complete name, branch, account type, account number and address of the Bank with PIN, if not furnished earlier.
• eo`amo§ Ho$ Sr_¡Q ên _o§ YmaU Ho$ _m_bo _o§ AnZo g§~§{YV {Snm°{OQar nm{Q©{gno§Q H$mo&
• H$mJµOr ên _o§ Ym[aV eo`amo§ Ho$ _m_bo _o§ eo`a A§VaU EOo§Q _ogg© H$mdr© {\ ZQoH$ àm. {b., `y{ZQ… H$mnmo©aoeZ ~¢H$, H$mdr© gobo{Z`_ Qm°da - ~r, ßbmQ g§. 31 d 32, {dÎmr` {Obm, Jm{M~modbr, ZmZH$am_JwSm, goarqbJ_n„r, h¡Xam~mX - 500 032 H$mo&
• eo`aYmaH$mo§ go `h ^r AZwamoY {H$`m OmVm h¡ {H$ do AnZo B©-_ob nVo H$mo ~¢H$ _o§ n§OrH¥ V/AÚVZ H$ao§ Vm{H$ ~¢H$ B©-_ob Ûmam AnZm g^r nÌmMma/gyMZm/dm{f©H$ [anmoQ© Am{X ^oO gHo$& Sr_¡Q ên _o§ eo`a aIZo dmbo eo`aYmaH$mo§ go AZwamoY h¡ {H$ do AnZo {Snm°{µOQar nm{Q©{gno§Q Ho$ nmg AnZm B©-_ob nVm n§OrH¥ V/AÚVZ H$ao§& H$mJµOr ên go eo`a aIZo dmbo eo`aYmaH$mo§ go AZwamoY h¡ {H$ do _ogg© H$mdr© {\ ZQoH$ àm. {b. H$mo, Omo ~¢H$ H$m eo`a A§VaU EOo§Q h¡, `Wm erKŒ AnZm B©-_ob nVm ^oOo§/AÚVZ H$ao§&
K) ImVmo§ g§~§Yr gyMZm
ImVmo§ go g§~§{YV H$moB© gyMZm/ñnîQrH$aU _m§JZo dmbo eo`aYmaH$mo§ go AZwamoY h¡ {H$ do dm{f©H$ _hmg^m go H$_-go-H$_ gmV {XZ nhbo H§$nZr g{Md, H$mnmo©aoeZ ~¢H$, {ZdoeH$ godm {d^mJ, à.H$m. _§Jbyé - 575 001, H$Zm©QH$ amÁ` H$mo {bIo§ Vm{H$ ewHŒ dma, 21 OyZ, 2019 H$mo em_ 5.00 ~Oo VH$ àmßV hmo Am¡a ~¢H$ gyMZm V¡`ma aI gH|$&
L) \ mo{b`mo H$m g_oH$Z
Omo eo`aYmaH$ eo`a H$mJµOr ên _o§ EH$ go A{YH$ \ mo{b`mo _o§ EH$ hr Zm_ go `m Zm_ Ho$ Cgr HŒ _ _o§ g§`wº Zm_ go Ym[aV H$aVo h¢, CZgo AZwamoY h¡ {H$ EH$ hr \ mo{b`mo _o§ g_oH$Z hoVw eo`a à_mUnÌmo§ H$mo ~¢H$ Ho$ eo`a A§VaU EOo§Q, _ogg© H$mdr© {\ ZQoH$ àm. {b. H$mo ^oOo§&
M) pñW{V _o§ n[adV©Z A{Zdmgr ^maVr` eo`aYmaH$mo§ go AZwamoY h¡ {H$ do ~¢H$ Ho$ eo`a
A§VaU EOo§Q _ogg© H$mdr© {\ ZQoH$ àm. {b. H$mo H$mJµOr ên _o§ Ym[aV eo`amo§ Ho$ g§~§Y _o§ `m eo`amo§ Ho$ Sr_¡Q ên _o§ YmaU Ho$ _m_bo _o§ AnZo g§~§{YV {Snm°{OQar nm{Q©{gno§Q H$mo {ZåZ{b{IV gyMZm Vwa§V Xo…
H$) ñWmB© {Zdmg Ho$ {bE ^maV bm¡QZo na {Zdmgr h¡{g`V _o§ n[adV©Z&
I) ^maV Ho$ ~¢H$ ImVo go g§~§{YV ã`moao, nyam Zm_, emIm, ImVm àH$ma, ImVm g§»`m, {nZ g{hV ~¢H$ H$m nVm Xo§, `{X nhbo Zht {X`m hmo&
23ANNUAL REPORT 2018-19
G) Voting Rights of Shareholders:
In terms of the provisions of Section 3 (2E) of the Act, no shareholder of the Bank, other than the Central Government shall be entitled to exercise voting rights in respect of any shares held by him/her in excess of ten per cent of the total voting rights of all the shareholders of the Bank.
In terms of Clause 68(i) of Corporation Bank (Shares and Meetings) Regulations, 1998, subject to the provisions contained in Section 3 (2E) of the Act, each shareholder who has been registered as a shareholder as on the date of the closure of the Register, prior to the date of the Annual General Meeting, shall have one vote on show of hands and in case of a poll shall have one vote for each share held by him.
H) Other information
a) In support of the green initiative, the Bank is sending soft copies of the Notice of Annual General Meeting and Annual Report to all the shareholders who have registered their email ids with their Depository Participant/Registrar and Share Transfer Agent of the Bank, as per the provisions of Regulation 36 of the SEBI (LODR) Regulations, 2015. However, Members may note that the Notice of the 22ndAnnual General Meeting and the Annual Report for 2018-19 will also be available on the Bank’s website www.corpbank.com for their download. The physical copies of the aforesaid documents will also be available at the Bank’s Head Offi ce at Mangaluru, for inspection during normal business hours on working days. Even after registering for e-communication, members are entitled to receive such communication in physical form, upon making a request for the same by post free of cost. For any communication, the shareholders may also send requests to the Bank’s dedicated email ID -: [email protected] or by post.
b) Shareholders may kindly note that no gift/gift coupon will be distributed at the meeting.
By order of the Board of Directors for CORPORATION BANK
Place : Mangaluru (S. K. DASH)Date : 30.05.2019 COMPANY SECRETARY
M) eo`aYmaH$mo§ Ho$ _Vm{YH$ma… A{Y{Z`_ (`Wm g§emo{YV Am¡a 18.01.2013 go à^mdr) H$s
Ymam 3 (2B©) Ho$ àmdYmZmo§ Ho$ AZwgma, Ho$§Ð gaH$ma H$mo Nmo‹SH$a H$moB© ^r eo`aYmaH$ ~¢H$ Ho$ g^r eo`aYmaH$mo§ Ho$ Hw$b _Vm{YH$ma Ho$ Xg à{VeV go A{YH$ CZHo$ Ûmam Ym[aV {H$Ýht eo`amo§ Ho$ g§~§Y _o§ _Vm{YH$ma H$m à`moJ H$aZo Ho$ {bE nmÌ Zht hmoJm&
A{Y{Z`_ H$s Ymam 3 (2B©) Ho$ àmdYmZmo§ Ho$ AYrZ, H$mnmo©aoeZ ~¢H$ (eo`a Am¡a ~¡RH$) {d{Z`_, 1998 Ho$ IÊS 68(i) Ho$ AZwgma, dm{f©H$ _hmg^m H$s VmarI go nhbo a{OñQa H$s ~§Xr H$s VmarI H$mo eo`aYmaH$ Ho$ ên _o§ n§OrH¥ V àË`oH$ eo`aYmaH$ H$mo hñV àXe©Z na EH$ dmoQ hmoJm Am¡a MwZmd Ho$ _m_bo _o§ CZHo$ Ûmam Ym[aV àË`oH$ eo`a hoVw EH$ dmoQ hmoJm&
N) AÝ` gyMZm
H$) n`m©daU gOJVm nhb Ho$ g_W©Z _o§ ~¢H$ Zo go~r (EbAmoSrAma) {d{Z`_Z, 2015 Ho$ {d{Z`_ 36 Ho$ àmdYmZmo§ Ho$ AZwgma, AnZo {Snm°{µOQar nm{Q©{gno§Q/~¢H$ Ho$ a{OñQ—ma Ed§ eo`a A§VaU EOo§Q Ho$ nmg {OZ eo`aYmaH$mo§ Zo AnZr B©-_ob AmB©Sr n§OrH¥ V H$admB© h¡, CÝho§ dm{f©H$ [anmoQ© H$s gm°âQ à{V`m± ^oOZo H$m {ZU©` {b`m h¡& bo{H$Z gXñ` H¥ n`m `h ZmoQ H$ao§ {H$ 22dt dm{f©H$ _hmg^m H$s gyMZm Am¡a dm{f©H$ [anmoQ© 2018-19 SmCZbmoS H$aZo Ho$ {bE ~¢H$ H$s do~gmBQ www.corpbank.com na ^r CnbãY hmoJr& nydmo©º XñVmdoµOmo§ H$s H$mJµOr à{V`m± {ZarjU hoVw H$m`©{Xdgmo§ na gm_mÝ` H$mamo~ma g_` Ho$ Xm¡amZ _§Jbyé _o§ ~¢H$ Ho$ àYmZ H$m`m©b` _o§ ^r CnbãY hmo§Jr& B©-g§gyMZm Ho$ {bE n§OrH¥ V H$admZo Ho$ ~mdOyX, gXñ`, AZwamoY H$aZo na SmH$ go {ZewëH$ H$mJµOr ên _o§ Eogr gyMZm àmßV H$aZo Ho$ {bE nmÌ h¢& {H$gr g§gyMZm Ho$ {bE eo`aYmaH$ ~¢H$ H$s {d{eîQ B©_ob AmB©Sr [email protected] H$mo `m SmH$ Ûmam ^r AZwamoY ^oO
gH$Vo h¢&
I) eo`aYmaH$ H¥ n`m Ü`mZ Xo§ {H$ ~¡RH$ _o§ H$moB© Cnhma/Cnhma-Hy nZ {dV[aV Zht {H$`m OmEJm &
{ZXoeH$ _§Sb Ho$ AmXoe ÛmamH¥ Vo H$mnmo©aoeZ ~¢H$
ñWmZ … _§Jbyé (Eg. Ho$. Xme){XZm§H$ … 30.05.2019 H§$nZr g{Md
24
EXPLANATORY STATEMENT
Agenda Item No. 2:a) The Bank is in the business of the banking and related
services activities. Presently, the Authorised Capital of the Bank is 3000 crore. The paid-up equity share capital of the Bank as on 31st March, 2019 was `1198.84 crore, which was increased from `333.11 crore on 31st March, 2018 pursuant to preferential allotments of equity shares to the Central Government.
b) Under Basel III norms, the Bank is required to maintain the following Capital Adequacy Ratios as on March 31, 2019 :
Under Basel IIIBench Mark by
March – 2019 (%)Common Equity Tier 1 Capital (CET1 Capital) 5.50Capital Conservation Buffer 1.875Additional Tier 1 (AT 1 Capital) 1.50Total Tier 1 Capital 8.875Tier II 2.00Total CRAR 10.875
c) Presently, shareholding of Government of India in the Bank is 93.50% of the total paid-up capital of the Bank. The capital fund to Risk Weighted Assets as on March 31, 2019 was as under.
Basel III31.03.2019 (Amount ` in crore)
% of capital funds to Risk Weighted
Assets (under Basel III) %
Risk Weighted Assets (RWA)
1,12,956.89 –
Tier I Capital 11,885.07 10.52
Tier II Capital 2,012.23 1.78
Total Capital Funds 13,897.30 12.30
d) To support the projected business requirement and at the same time maintain healthy CRAR, in line with Capital Raising Plan and as per reform agenda undertaken, the Bank may require raising additional capital from the market as well.
e) In order to ensure regulatory compliances and to meet the requirement of additional capital funds for expanding and achieving the targeted business growth and for general lending purposes, the Bank proposes to issue equity shares of `2 each at such price as may be determined close to the issue, by way of follow-up on Public Offer or Rights
ì`m»`mË_H$ H$WZ
_X g§»`m 2 H$) ~¢H$ ~¢qH$J Am¡a g§~§{YV {HŒ mH$bmnmo§ Ho$ H$mamo~ma _o§ h¡ & g§à{V ~¢H$ H$s
àm{YH¥ V ny±Or `3000 H$amo‹S (énE VrZ hOma H$amo‹S _mÌ) h¡ & 31 _mM© 2019 H$mo ^maV gaH$ma H$mo A{Y_mZV… eo`a Omar {H$E OmZo Ho$ ~mX ~¢H$ H$s àXÎm B©p¹Qr eo`a ny±Or 31 _mM©, 2018 H$s `333.11 H$amo‹S go ~‹TH$a 31 _mM© 2019 H$mo `1198.84 H$amo‹S hmo J`r&
I) ~ogb III _mZX§S Ho$ A§VJ©V 31 _mM©, 2019 H$mo ~¢H$ _o§ {ZåZm§{H$V ny§Or n`m©ßVVm AZwnmV H$mo ~ZmE aIZo H$s Amdí`H$Vm h¡:
~ogb - III Ho$ A§VJ©V _mM© - 2019 VH$ ~o§M _mH© (%)gm_mÝ` B©p¹Qr Qr`a 1 ny§Or (grB©Qr I ny§Or)
5.50
ny§Or g§ajU ^§Sma 1.875
A{V[aº Qr`a 1 (EQr 1 ny§Or) 1.50
Hw$b Qr`a 1 ny§Or 8.875
Qr`a - II 2.00
Hw$b grAmaEAma 10.875
J) dV©_mZ _o§ ~¢H$ _o§ ^maV gaH$ma H$s eo`aYm[aVm ~¢H$ H$s Hw$b àXÎm ny±Or H$m 93.50% h¡ & 31 _mM© 2019 H$mo Omo{I_ ^m[aV AmpñV`mo§ H$s VwbZm _o§ ny±OrJV {Z{Y`m± {ZåZmZwgma h¢ :
~ogb III
31.03.2019 ( am{e H$amo‹S
én`o _o§)
Omo{I_ ^m[aV AmpñV`mo§ Ho$ _wµH$m~bo ny§OrJV {Z{Y H$m %
(~ogb III Ho$ A§VJ©V) %
Omo{I_ ^m[aV AmpñV`m§ (AmaSãë`yE)
1,12,956.89 –
Qr`a - I ny§Or 11,885.07 10.52
Qr`a - II ny§Or 2,012.23 1.78
Hw$b ny§OrJV {Z{Y 13,897.30 12.30
K) Ano{jV H$mamo~ma d¥{Õ H$mo àmßV H$aZo Am¡a gmW hr ñdñW grAmaEAma H$mo ~ZmE aIZo Ho$ {bE ~¢H$ H$mo ~mµOma go A{V[aº ny§Or OwQmZo H$s Amdí`H$Vm h¡&
L) {Z`m_H$ AZwnmbZmo§ H$mo gw{Z{üV H$aZo Am¡a H$mamo~ma d¥{Õ Ho$ bú` H$mo àmßV H$aZo d Cg_o§ d¥{Õ H$aZo VWm gm_mÝ` CYmaH$mar CÔoí` go A{V[aº ny§OrJV {Z{Y H$mo àmßV H$aZo Ho$ {bE ~¢H$ Eogo _yë` na àË`oH$ `2 Ho$ B©p¹Qr eo`amo§ H$mo go~r (AmBgrSrAma) {d{Z`_ 2018 Ho$ AZwgma gmd©O{ZH$ {ZJ©_, eo`a Omar H$aHo$ `m Ah©VmàmßV g§ñWmJV
25ANNUAL REPORT 2018-19
Issue or Qualifi ed Institutional Placement(s), or such other suitable means under the SEBI (ICDR) Regulations, 2018 and also other securities qualifying as Additional Tier I or Tier II capital as per Basel III Guidelines with an overall limit of `5000 crore.
f ) For reasons aforesaid, an enabling resolution is therefore proposed to be passed to give adequate fl exibility and discretion to the Board to fi nalize the terms of the issue. For this purpose the Bank is required to obtain the consent of the shareholders by means of a special resolution. Hence your consent is requested to the above proposal.
g) The present resolution is also proposed in order to enable the Board of Directors of the Bank to issue the equity shares, and or Tier I/Tier II capital at an appropriate time, mode, premium and other terms.
h) The proposed issuance of Equity Shares in terms of the Special Resolution will be in conformity with the provisions of all applicable laws.
i) Your Directors recommend, the Special Resolutions as set out in the Notice.
None of the Directors of the Bank, Key Managerial Persons and their relatives may be deemed to be interested or concerned in the aforementioned Resolution(s), except to the extent of their shareholding, if any, in the Bank.
By order of the Board of Directors for CORPORATION BANK
Place : Mangaluru (S. K. DASH)Date : 30.05.2019 COMPANY SECRETARY
{Zdoe(emo§) `m {H$gr AÝ` Cn`wº _mÜ`_ Ûmam Ed§ ~ogb III Ho$ {Xem{ZXo©emo§ Ho$ AZwgma A{V[aº Qr`a-1 Ed§ Qr`a -2 Ho$ A§VJ©V AmZo dmbr AÝ` à{V^y{V`mo§ _o§ `5000 H$amo‹S VH$ g_JŒ gr_m VH$ eo`a Omar H$aZo H$m àñVmd H$aVm h¡&
M) Cnamoº Ho$ g§X^© _o§ eo`a Omar H$aZo hoVw {Z~§Ymo§ H$mo _yV© ên XoZo Ho$ {bE ~moS© H$mo n`m©ßV A{YH$ma Ed§ {ddoH$ àXmZ H$aZo dmbm g§H$ën H$mo nmg H$aZo H$m àñVmd {H$`m OmVm h¡& Bg CÔoí` Ho$ {bE ~¢H$ H$mo AnZo eo`aYmaH$mo§ go EH$ {deof àñVmd Ûmam AZw_{V boZo H$s Amdí`H$Vm h¡ & AV… Cnamoº àñVmd Ho$ {bE AmnH$s AZw_{V hoVw AmJŒh {H$`m OmVm h¡&
N) dV©_mZ g§H$ën Cn`wº g_`, VarH$m, àr{_`_ Am¡a AÝ` eVmoª na B©p¹Qr eo`amo§ Am¡a `m Qr`a - I/Qr`a -II ny§Or H$mo Omar H$aZo Ho$ {bE ~¢H$ Ho$ {ZXoeH$ _§Sb H$mo gj_ ~ZmZo H$m àñVmd H$aVm h¡&
O) {deof g§H$ën Ho$ AmbmoH$ _o§ B©p¹Qr eo`amo§ H$m àñVm{dV {ZJ©_rH$aU g_ñV bmJy H$mZyZmo§ Ho$ àmdYmZ Ho$ AZwên hmoJm&
P) AmnHo$ {ZXoeH$JU Bg Zmo{Qg _o§ gd©àW_ Bg {deof g§H$ën H$s AZwe§gm H$aVo h¢ &
~¢H$ H$m H$moB© ^r {ZXoeH$, _hËdnyU© à~§YZ ì`{º Am¡a CZHo$ g§~§{Y`mo§ H$mo AnZr eo`aYm[aVm H$s gr_m VH$, H$mo Nmo‹SH$a Cnamoº g§H$ën(nmo§) _o§ Z Vmo H$moB© {hV h¡ Am¡a Z hr {H$gr àH$ma go g§~§{YV h¡&
{ZXoeH$ _ÊSb Ho$ AmXoe go H¥ Vo H$mnmo©aoeZ ~¢H$
ñWmZ : _§Jbyé (Eg.Ho$. Xme){XZm§H$ : 30.05.2019 H§$nZr g{Md
26
{ZXoeH$mo§ H$s [anmoQ© 2018-19DIRECTORS’ REPORT 2018 – 19
1. 31 _mM©, 2019 H mo g_mßV df© Ho boIm-nar{jV VwbZ-nÌ Ed§ bm^-hm{Z boIm g{hV ~¢H H$s dm{f©H [anmoQ© àñVwV H aVo hwE {ZXoeH _§Sb H mo àgÞVm hmo ahr h¡&
2. {ZînmXZ H$s EH$ PbH :2.1 31 _mM© 2019 H mo ~¢H H m Hw b H mamo~ma `3,05,819.05 H amo‹S h¡,
Omo {H 31 _mM© 2018 Ho `3,03,184.79 go A{YH ahm& 2.2 31 _mM©, 2019 H mo ~¢H H$s Hw b O_mam{e`m± `1,84,567.84 h¡,
O~{H `h 31.03.2018 H mo `1,83,315.95 H amo‹S Wm&2.3 Hw b O_mam{e`mo§ _o§ H mgm H m {hñgm 29.52% (31.03.2018)
go ~‹TH$a 31.59% (31.03.2019) hmo J`m h¡& Am¡gV H mgm _o§ gmb-Xa-gmb AmYma na `557.60 H amo‹S (1.10%) go d¥{Õ hwB©& `h 31.03.2018 Ho `50,523.59 H amo‹S go 31.03.2019 H mo `51,081.19 H amo‹S VH nhw±M J`m& Am¡gV Eg~r 3.90% H$s d¥{Õ Ho gmW 31.03.2018 Ho `38,416.71 H amo‹S go 31.03.2019 H mo `39,913.26 H amo‹S hmo J`m h¡& Am¡gV grE 7.76% H$s H _r Ho gmW 31.03.2018 Ho `12,106.88 H amo‹S go 31.03.2019 H mo `11,167.93 H amo‹S hmo J`m h¡&
2.4 ~¢H Zo G$U Omo{I_ à~§YZ g§~§Yr AnZr Zr{V Ho AZwên JwUdÎmm`wº G$U AmpñV`mo§ _o§ {dñVma H aZo _o§ AnZm {ddoH nyU© X¥pîQH moU nyU© gmdYmZrnyd©H ~ZmE aIm& ~¢H H m G$U Am§H ‹Sm `1,382.37 H amo‹S (1.15%) H$s d¥{Õ Ho gmW 31 _mM© 2018 Ho `1,19,868.84 Ho _wH m~bo 31.03.2019 H mo `1,21,251.21 H amo‹S Ho ñVa VH nhw±Mm& {dÎm df© Ho Xm¡amZ G$U {dñVma hoVw àmW{_H$Vm àmßV joÌ, _Ü`_ AmH$ma Ho H mnmo©aoQ VWm E_EgE_B© Ho VhV G$U ~‹TmZo na Ü`mZ H|${ÐV {H m J`m&
2.5 31.03.2018 Ho 65.39% H$s VwbZm _o§ 31.03.2019 H mo 65.69% G$U-O_m AZwnmV ahm&
2.6 ~¢H Zo J¡a-{ZînmXH AmpñV`mo§ H$s dgybr _o§ {d{eîQ VarH mo§ Am¡a Á`mXm g_` XoH a AnZm A{YH$m{YH à`mg Omar aIm& {dÎm df© Ho Xm¡amZ ~¢H Zo JV df© H$s `4508.76 H amo‹S H$s VwbZm _o§ `5192.76 H amo‹S J¡a-{ZînmXH AmpñV`mo§ H$s ZH X dgybr VWm CÞ`Z {H m h¡&
2.7 ~¢H H$mo JV df© Ho `4,053.94 H amo‹S H$s {Zdb hm{Z Ho _wH m~bo `6,332.98 H amo‹S H$s {Zdb hm{Z hwB© h¡&
2.8 31.03.2019 H mo nyao Xoe _o§ \¡ br ~¢H H$s 9972 H m`m©Ë_H BH mB`m± Wt {OZ_o§ 2432 emImE§, 3015 EQrE_ Am¡a 4525 emIma{hV ~¢qH J BH mB`m± h¢&
3. Am` {díbofU:3.1 ~¢H H$s ã`mO Am` df© 2017-18 Ho `17,628.33 H amo‹S _o§
go `2,005.70 H amo‹S (11.38%) H$_ hmoH$a df© 2018-19 _| `15,622.63 H$amo‹S> ah JB© Am¡a {dÎm df© 2017-18 Ho Xm¡amZ Ho ã`mO ì`` `12,790.11 H amo‹S go `2,675.95 H$s H _r hmoH$a
1. The Board of Directors has pleasure in presenting the Annual Report together with Audited Balance Sheet and Profi t and Loss Account of the Bank for the year ended 31st March, 2019.
2. Performance at a Glance:
2.1 The total business stood at `3,05,819.05 crore as on 31st March 2019 over the business fi gure of 3,03,184.79 crore as on 31.03.2018.
2.2 The total deposits of the Bank stood at `1,84,567.84 crore as on 31.03.2019 whereas it stood at `1,83,315.95 crore as on 31st March, 2018.
2.3 CASA share in total deposit has improved from 29.52% (31.03.2018) to 31.59% (31.03.2019). Average CASA has grown by `557.60 crore (1.10%) y-o-y basis. It has reached to `51,081.19 crore as on 31.03.2019 from `50,523.59 crore as on 31.03.2018. Average SB has grown by 3.90% from `38,416.71 crore as on 31.03.2018 to `39,913.26 crore as on 31.03.2019. Average CA decreased by 7.76% from `12,106.88 crore as on 31.03.2018 to `11,167.93 crore as on 31.03.2019.
2.4 The Bank continued its prudent approach in expanding quality credit assets in line with its policy on Credit Risk Management more cautiously. The Bank’s credit fi gure stood at `1,21,251.21 crore as on 31.03.2019 as against `1,19,868.84 crore as on 31st March, 2018, increased by `1,382.37 crore (1.15%).
2.5 Credit-Deposit Ratio stood at 65.69% as on 31.03.2019 as compared to 65.39% as on 31.03.2018.
2.6 The Bank continued its more and more focus on recovery of NPAs even through specifi ed drive and by devoting more time. During the fi nancial year, the Bank effected a cash recovery and upgradation of NPAs of `5192.76 crore as compared to `4508.76 crore in the previous fi nancial year.
2.7 The bank posted a Net loss of `6,332.98 crore as against a Net loss of `4,053.94 crore in the previous year.
2.8 As on 31.03.2019, the Bank had 9972 functional units spread across India comprising of 2432 Branches, 3015 ATMs and 4525 Branchless banking units.
3. Income Analysis
3.1 Interest Income of the Bank decreased by `2,005.70 crore (11.38%) from `17,628.33 crore in the year 2017-18 to `15,622.63 crore in the year 2018-19 and Interest expenses decreased by `2,675.95 crore from ` 12,790.11 crore during the fi nancial year 2017-18
27ANNUAL REPORT 2018-19
4. H$s_V-bmJV A§Va {díbofU Spread Analysis: (` H$amo‹S> _| ` in crore)
ã`m¡ao Particulars 2017-18 2018-19d¥{Õ Growth
g_J«Absolute
%
Am¡gV H$m`©erb {Z{Y`m± Average Working Funds 2,43,337.00 2,01,824.92 (41,512.07) (17.06)
Hw$b ã`mO Am` Total Interest Income 17,628.33 15,622.63 (2,005.70) (11.38)
ì`` {H$`m J`m Hw$b ã`mO Total Interest Expended 12,790.11 10,114.16 (2,675.65) (20.92)
ã¶mO H$s_V-bmJV A§Va Interest Spread 4,838.22 5,508.47 670.25 13.85
{dÎmr` df© 2018-19 Ho Xm¡amZ `10,114.16 H amo‹S ahr & Bgr Ad{Y Ho Xm¡amZ {Zdb ã`mO Am` _o§ `670.25 H amo‹S (13.85%) H$s d¥{Õ XO© hwB©&
3.2 ~¢H H$s Hw b Am` (ã`mO Am` Am¡a ã`mOoVa Am` H m `moJ) {nNbo {dÎm df© Ho `19,941.41 H amo‹S H$s VwbZm _o§ `2,446.71 H amo‹S (12.27%) H$s H _r XO© H aVo hwE `17,494.70 H amo‹S hmo JB©&
3.3 à_wI joÌmo§ go àmßV ã`mOoVa Am` {dÎmr` df© 2017-18 Ho 1057.66 H amo‹S go `43.57 H$amo‹S (4.12%) ~T>H a {dÎmr` df© 2018-19_o§ `1,101.21 hmo JB© & Hw$b ã`mOoVa Am` 31.03.2018 Ho$ `2,313.08 H amo‹S go 19.07% H$s H _r XO© H aVo hwE 31.03.2019 H mo `1,872.07 H amo‹S hmo JB© &
3.4 {dÎmr` df© 2018-19 Ho Xm¡amZ n[aMmbZ ì``mo§ _o§ 8.91% H$s d¥{Õ hwB© h¡ Am¡a h {dÎmr` df© 2017-18 Ho 3,200.88 H amo‹S H$s VwbZm _o§ `3,486.06 H amo‹S ahm&
3.5 ñQm\ na ì`` df© 2017-18 Ho `1,592.82 H amo‹S go ~‹TH a df©
2018-19 Ho Xm¡amZ `1,746.95 H amo‹S hmo J`m &
to `10,114.16 crore during the year 2018-19. The Net Interest Income recorded a growth of `670.25 crore [13.85%] during the same period.
(` H$amo‹S> _| ` in crore)
{ddaU Particulars 2017-18 2018-19 % n[adV©Z Change in %
Am` INCOMEã`mO Am` Interest Income 17,628.33 15,622.63 (11.38)ã`mOoVa Am` Non-Interest Income 2,313.08 1,872.07 (19.07)Hw$b Am` Total Income 19,941.41 17,494.70 (12.27)ì`` EXPENDITUREã`mO ì`` Interest Expenditure 12,790.11 10,114.16 (20.92)
n[aMmbZ ì`` Operating Expenses 3,200.88 3,486.06 8.91
Hw$b ì`` Total Expenditure 15,990.99 13,600.22 (14.95)
n[aMmbZ bm^ Operating Profi t 3,950.42 3,894.48 (1.42)
àmdYmZ Ed§ AmH$pñ_H$VmE§ (H$a a{hV) Provisions & Contingencies (Excl. Tax) 10,631.28 11,943.15 12.34
H$a nyd© bm^ Profi t before Tax (6,680.86) (8,048.68) 20.47
H$a hoVw àmdYmZ Provision for Tax (2,626.92) (1,715.70) (34.69)
{Zdb bm^ Net Profi t (4,053.94) (6,332.98) 56.22
3.2 The total Income of the Bank [total of Interest Income and Non-Interest Income] stood at to `17,494.70 crore as against `19,941.41 crore in the previous fi nancial year recording a fall of `2,446.71 crore [12.27%].
3.3 Non-Interest Income from Core Areas increased by `43.57 crore [4.12%] from `1057.66 crore in the fi nancial year 2017-18 to `1,101.21crore in the fi nancial year 2018-19.The Total Non-Interest Income has decreased to `1,872.07 crore as on 31.03.2019 from `2,313.08 crore as on 31.03.2018, thereby came down by 19.07%.
3.4 The Operating Expenses has shown a increase of 8.91% during the fi nancial year 2018-19 and stood at `3,486.06 crore as compared to `3,200.88 crore in 2017-18.
3.5 Staff expenses increased from `1,592.82 crore during FY 2017-18 to `1,746.95 crore during FY 2018-19.
28
5. n[aMmbZ bm^
5.1 n[aMmbZ bm^ 31.03.2018 Ho `3,950.42 H amo‹S H$s VwbZm _o§
31.03.2019 H mo `3,894.47 H amo‹S hmo J`m&
5.2 _mM© 2019 H$s {V_mhr Ho Xm¡amZ n[aMmbZ bm^ _mM©, 2018 Ho$
Xm¡amZ Ho `989.45 H amo‹S H$s VwbZm _o§ `693.77 H amo‹S ahm&
5.3 _mM© 2019 {V_mhr hoVw {Zdb ì`mO _m{O©Z _mM© 2018 {V_mhr Ho
2.55% Ho gmnoj 2.63% ahm&
5.4 AmpñV Cn`mo{JVm AZwnmV (Am¡gV H$m`©erb {Z{Y`mo§ _o§ gH$b bm^ H m à{VeV) {dÎmr` df© 2017-18 Ho 1.62% Ho _wH m~bo {dÎmr`
df© 2018-19 _o§ 1.93% ahm&
6. àmdYmZ
6.1 AemoÜ` Ed§ g§{X½Y G$Umo§ hoVw àmdYmZ, _mZH AmpñV`mo§, H amYmZ, {Zdoe _yë`õmg Ed§ AÝ` hoVw àmdYmZ {dÎmr` df© 2017-18
_o§ `8004.36 H amo‹S H$s VwbZm _o§ {dÎmr` df© 2018-19 _o§
`10,227.45 H amo‹S ahm&
7. {Zdb bm^ VWm bm^m§e
7.1 àmdYmZmo§ H$mo Ü`mZ _o§ aIZo Ho ~mX, 31.03.2018 H mo g_mßV df©
H$mo ~¢H H$s {Zdb hm{Z `4053.64 H amo‹S H$s VwbZm _o§ {dÎm df©
2018-19 Ho {bE {Zdb hm{Z `6,332.98 H amo‹S ahm&
7.2 {ZXoeH _§Sb Zo {dÎm df© 2018-19 hoVw H moB© ^r bm^m§e g§ñVwV Zht
{H m h¡&
df©{Zdb bm^/hm{Z
[` H$amo‹S _o§]d¥{Õ %
2015-16 -506.48 (-)186.69%
2016-17 561.21 (+)210.81%
2017-18 -4053.94 (-)822.36%
2018-19 -6332.98 (+)56.26%
5. Operating Profi t:
5.1 The Operating Profi t stood at `3,894.47 crore as at the end of March 2019, as compared to `3,950.42 crore as on 31.03.2018.
5.2 Operating Profi t during March 2019 Quarter stood at `693.77 crore as against `989.45 crore during March 2018.
5.3 NIM for the March 2019 Quarter stood at 2.63% as against 2.55% during March’18 Quarter.
5.4 The Asset Utilisation Ratio [percentage of Operating Profi t to Average Working Funds] stood at 1.93% for the fi nancial year 2018-19 compared to 1.62% for the fi nancial year 2017-18.
6. Provisions:
6.1 The Provision for Bad and Doubtful Debts, Provision on Standard Assets, Taxation, Investment Depreciation and others aggregated to `10,227.45 crore in the fi nancial year 2018-19 as compared to `8004.36 crore in the fi nancial year 2017-18.
7. Net Profi t and Dividend:
7.1 After considering the provisions, the Net loss of the Bank stood at `6,332.98 crore for the fi nancial year 2018-19 as against the net loss of `4053.94 crore for the year ended 31.03.2018.
7.2 The Board of Directors of the Bank has not recommended any Dividend for the fi nancial year 2018-19.
Year Net Profi t/Loss[` in crore] Growth %
2015-16 -506.48 (-)186.69%
2016-17 561.21 (+)210.81%
2017-18 -4053.94 (-)822.36%
2018-19 -6332.98 (+)56.22%
ã`m¡ao Particulars 2017-18 2018-19
{Z{Y`mo§ na à{V\$b Yield on Funds 7.24% 7.74%
{Z{Y`mo§ H$s bmJV Cost of Funds 5.26% 5.01%
A{J«‘m| na Am¶ Yield on Advances 8.91% 9.43%
O‘mam{e¶m| H$s bmJV Cost of Deposits 5.74% 5.40%
{Zdb ã`mO _m{O©Z Net Interest Margin 2.32% 3.05%
29ANNUAL REPORT 2018-19
8. {Zdb _m{b`V Ed§ grAmaEAma:
8.1 ~¢H H$s {Zdb _m{b`V 31 _mM©, 2018 Ho `10,845.85 H amo‹S go 31 _mM©, 2019 H mo `16,564.86 H amo‹S ~‹T JB©&
8.2 df© Ho Xm¡amZ, ^maV gaH ma Zo ~¢H _o§ B©p¹Qr ny±Or Ho ên _o§ `11,641 H amo‹S bJm`m& VXZwgma, ~¢H Zo àr{_`_ g{hV `11,641 H amo‹S VH H$s am{e VH$ A{Y_mZr Am~§QZ Ho ên _o§ B©p¹Qr ny§Or àmßV H$s& BgHo {bE ~¢H Zo `27.40 à{V B©p¹Qr eo`a àr{_`_ na `2/- A§{H V _yë` Ho 86,90,47,619 B©p¹Qr eo`a Omar {H E VWm A{Y_mZr AmYma na 11 AŠQy~a, 2018 H mo ^maV gaH ma H mo Am~§{QV {H E Ed§ `24.68 à{V B©p¹Qr eo`a àr{_`_ na `2/- A§{H$V _yë` Ho 340,55,47,226 B©p¹Qr eo`a Omar {H E VWm A{Y_mZr AmYma na 29 _mM©, 2019 H mo ^maV gaH ma H mo Am~§{QV {H E&
8.3 H mnmo©aoeZ ~¢H H _©Mmar ñQm°H IarX `moOZm 2018: ""H m°nmo©aoeZ ~¢H H _©Mmar ñQm°H IarX `moOZm 2018''(CORPBANK ESPS 2018) H mo bm°ÝM {H m J`m Wm, {Og_o§ ~¢H Ho 10,00,00,000 (Xg H$amo‹S), àË`oH `2/- A§{H V _yë` Ho , ~¢H Ho g^r `mo½` H _©Mm[a`mo§ H mo ESPS na ~¢H H$s ~moS© H$s à{V^y{V Am~§QZ g{_{V Ûmam {ZYm©[aV à{V B©p¹Qr eo`a Ho ê$n _o§ `17.61 H$s àr{_`_ g{hV,19.61 à{V B©p¹Qr eo`a H$s Omar _yë` na, ZE B©pŠdQr eo`amo§ H$s noeH e H$s JB© Wr& ESPS Ho VhV B©pŠdQr eo`amo§ Ho ên _o§ ~¢H H r Hw b àñVm{dV A{^XmZ H m 54.04% ~¢H àmßV H aZo _o§ gj_ Wm Am¡a A{YH V_ 14,489 H _©Mm[a`mo§ Zo Bgo IarX {H m&
Cº `moOZm _o§ H moB© ^m¡{VH n[adV©Z Zht {H m J`m Wm Am¡a `h `moOZm SEBI (eo`a AmYm[aV H _©Mmar bm^) {d{Z`_, 2014 Ho AZwnmbZ _o§ Wr& go~r (SBEB) {d{Z`_, 2014, {d{Z`_, 2014 Ho VhV àmg§{JH àH QrH aU àmg§{JH àH QrH aU ~¢H H$s do~gmBQ _o§ {H m J`m h¡ Am¡a ~¢H H$s do~gmBQ www.corpbank.com. _o§ do~ qbH _o§ n‹TZo Ho {bE CnbãY h¡& BgHo Abmdm, go~r (SBEB) {d{Z`_, 2014 Ho {d{Z`_Z 13 Ho AZwgma, ~¢H Ho gm§{d{YH Ho§ Ðr` boIm narjH mo§ go EH à_mU nÌ dm{f©H Am_ ~¡RH _o§ eo`aYmaH mo§ Ho gm_Zo aIm OmZm Mm{hE {H `h `moOZm {XZm§H 07.09.2018 H mo Am`mo{OV AgmYmaU Am_ ~¡RH _o§ ~¢H Ho eo`aYmaH mo§ Ûmam {deof àñVmd Ho AZwgma nm[aV H r JB© h¡&
8.4 ny±Or na Omo{I_ g_m`mo{OV AmpñV AZwnmV (grAmaEAma) Omo {dÎmr` df© 31 _mM© 2018 Ho 9.23% H$s VwbZm _o§ 31 _mM© 2019 H mo 12.30% (~ogb III) ahm&
8. Net Worth and CRAR:
8.1 The Net Worth of the Bank improved to `16,564.86 crore as on 31st March, 2019 from `10,845.85 crore as on 31st March, 2018.
8.2 During the year, Government of India has infused `11,641 crore towards equity capital in the Bank. Accordingly, the Bank raised equity capital by way of preferential issue amounting upto 11,641 crore including premium. For this, Bank has issued 86,90,47,619 equity shares of `2/- face value at a premium of `27.40 per equity share and allotted to Government of India on preferential basis on October 11, 2018 and 340,55,47,226 equity shares of `2/- face value at a premium of `24.68 per equity share and allotted to Government of India on preferential basis on March 29, 2019.
8.3 Corporation Bank Employee Stock Purchase Scheme 2018: “Corporation Bank Employee Stock Purchase Scheme 2018” (CORPBANK ESPS 2018) was launched, offering 10,00,00,000 (Ten Crore) new equity shares of face value `2/- each of the Bank for cash at an issue price of `19.61 per equity share including a premium of `17.61 per equity share as determined by the Securities Allotment Committee of the Board of the Bank on ESPS to all the Eligible Employees of the Bank. The Bank was able to achieve 54.04% of total subscription offered as equity shares under ESPS and as many as 14,489 staff subscribed to the issue.
There was no material change in the said scheme and the scheme was in compliance with SEBI (Share Based Employee Benefi ts) Regulations, 2014. The relevant disclosure under this Regulation 14 of SEBI (SBEB) Regulation, 2014 is made in the website of the Bank and available to read in the web link in the website of the Bank www.corpbank.com. Further, as per Regulation 13 of the SEBI (SBEB) Regulations, 2014, a certifi cate from the Statutory Central Auditors of the Bank be placed before the shareholders in the Annual General Meeting that the scheme has been implemented in accordance with the Special Resolution passed by the shareholders of the Bank in the Extraordinary General Meeting held on 07.09.2018.
8.4 The Capital to Risk Adjusted Assets Ratio (CRAR) stood at 12.30% (Basel III) as on 31st March, 2019 as against 9.23% as on 31st March, 2018.
àdJ© Category ~ogb III Basel III
_mM© March 2018 _mM© March 2019
{Q>`a I ny±Or Tier I Capital 7.27% 10.52%
{Q>`a II ny±Or Tier II Capital 1.96% 1.78%
`moJ Total 9.23% 12.30%
30
8.5 B©p¹Qr na à{Vbm^, à{V eo`a AO©Z Am¡a à{V eo`a ~hr _yë` {nNbo
{dÎm df© Ho HŒ _e… (`36.50%), (`35.30) Ed§ `65.12 H$s
VwbZm _o§ 31 _mM© 2019 H mo HŒ _e… (46.21%), (30.06) Ed§
`27.63 ahm& {dÎmr` df© 2018-19 Ho Xm¡amZ ~¢H H$s B©p¹Qr ny±Or
H$s d¥{Õ Ho à^md H mo n[aH bZ hoVw {b`m J`m h¡&
9. g‘o{H$V boIo:
9.1 ^maVr` [aµOd© ~¢H Ho {Xem{ZXo©emo§ Ho AZwgma, ~¢H Zo 31 _mM©, 2019
Ho AnZo {dÎmr` boImo§ H m AnZr nyU© ñdm{_Ëd dmbr AZwf§Jr AWm©V²
H mn©~¢H {gŠ`w[aQrµO {b. Ho boImo§ Ho gmW g_oH Z {H m h¡& 31
_mM©, 2019 Ho g_o{H$V {ddaU Ho AZwgma, H mn© ~¢H JŒwn H$s {Zdb
_m{b`V `16651.45 H amo‹S ahr& {dÎm df© 2018-19 hoVw g_o{H V
n[aMmbZ bm^ 31.03.2018 Ho `3,956.03 H amo‹S H$s VwbZm
_o§ `3,903.15 H amo‹S ahm& {dÎm df© 2018-19 Ho Xm¡amZ ~¢H H$s
g_o{H V {Zdb hm{Z, 31.03.2018 H mo g_mßV df© hoVw `4,049.93
H amo‹S H$s hm{Z Ho _wH m~bo `6,325.30 H amo‹S ahm& ~¢H Zo ^maVr`
[aµOd© ~¢H Ho {Xem{ZXo©emo§ VWm ^maVr` gZXr boImH ma g§ñWmZ Ûmam
{ZYm©[aV boIm _mZX§Smo§ H m AZwnmbZ {H m h¡&
10. ~¢H Ho godm-AmCQboQ
10.1 31 _mM©, 2019 H mo g_mßV df© Ho Xm¡amZ ~¢H Ho Hw b godm AmCQboQ
9972 VH nhw±M JE {Og_o§ Xoe ^a _o§ 2432 emImE§, 3015 EQrE_
Am¡a 4525 emIm a{hV ~¢qH J BH mB`m± em{_b h¢& Hw b 2432
emImAmo§ _o§ go 588 emImE§ JŒm_rU joÌmo§ _o§ h¢, 794 emImE§ AY© ehar
Ho §Ðmo§ _o§, 518 emImE§ ehar Ho §Ðmo§ _o§ Am¡a 532 emImE§ _hmZJar` H|$Ðmo§
_o§ h¢&
10.2 ~¢H Ho A~ Hw b 34 Am§M{bH H m`m©b` h¢ Omo ~ohVa {Z`§ÌU,
{ZJamZr Am¡a ~¢H Ho H mamo~ma Ho {dH mg hoVw emImAmo§ Ho gmW
AZwdV©Z H aVo h¢& ~¢H Ho _w§~B©, {X„r, ~o§Jbya, MoÞ¡, H mobH mVm Am¡a
Ah_Xm~mX _o§ _hm à~§YH Ho AYrZ 6 _§Sb H m`m©b` ^r h¢& `o
_§Sb H m`m©b`, H mnmo©aoQ H m`m©b` Ho {dñVm[aV A§J Ho ên _o§ H m`©
H aVo h¢ Am¡a `o AnZo A{YH$ma joÌ _o§ Am§M{bH H m`m©b`mo§ Ho _
mÜ`_ go H mamo~ma {dH mg `moOZmAmo§ H m gh`moJ Ed§ g§MmbZ H aZo
H$s ~ohVa pñW{V _o§ ho§& H mnmo©aoQ H m`m©b` Ho {OZ H m`moªª H mo _§Sb
H m`m©b`mo§ H mo àË`m`mo{OV {H m J`m h¡, do h¢ Am`moOZm, {dH$mg
Ed§ g§gmYZ g§JŒhU, G$U _§Oyar, G$U Omo{I_ à~§YZ, dgybr
Ed§ {d{Y, _mZd g§gmYZ à~§YZ, gh`moJ godm Am¡a {ZarjU Ed§
boIm-narjm&
8.5 The Return on Equity, Earnings Per Share and Book Value per Share for the Financial Year 2018-19 stood at (46.21%), `(30.06) and `27.63 respectively, as against (36.50%), (`35.30) and `65.12 respectively for the previous Financial year. The impact of raising of Equity Capital of the Bank given effect during Financial Year 2018-19, for this calculation.
9. Consolidated Accounts:
9.1 As per RBI guidelines, the Bank has consolidated the fi nancial accounts as at 31st March, 2019 with those of its wholly owned Subsidiary viz., Corp Bank Securities Ltd.As per the consolidated statement as on 31st March, 2019, the Net Worth of the Corp Bank group stood at `16651.45 crore. The consolidated Operating Profi t for the fi nancial year 2018-19 stood at `3,903.15 crore as against `3,956.03 crore as at 31.03.2018. During the Financial Year 2018-19, consolidated Net loss of the Bank stood at `6,325.30 crore, as against loss of `4,049.93 crore for the year ended 31.03.2018. The Bank has complied with the RBI guidelines and the Accounting Standards prescribed by the Institute of Chartered Accountants of India.
10. Bank’s Service Outlets:
10.1 The Bank’s total service outlets at the year ended 31st March, 2019 are 9972, comprising of 2432 branches, 3015 ATMs and 4525 Branchless Banking Units across the country. Out of the total 2432 branches, 588 branches are in Rural areas, 794 in Semi-urban centres, 518 in Urban areas and 532 in Metro centres.
10.2 The Bank now has a total of 34 zonal offi ces spread across the country to have a better control, monitoring and follow up with the branches for business development. The Bank also has 6 Circle offi ces headed by General Managers operating at Mumbai, Delhi, Bengaluru, Chennai, Kolkata and Ahmedabad. The Circle offi ces function as an extended arm of the Corporate Offi ce, better equipped to support and drive business development plans through the Zonal Offi ces in their Command area. The Corporate offi ce functions that are delegated to Circle offi ces are Planning, Development and Resource Mobilisation, Credit Sanctions, Credit Risk Management, Recovery and Legal, Human Resource Management, Support Services and Inspection and Audit.
31ANNUAL REPORT 2018-19
11. {dkmnZ Ed§ àMma
11.1 df© Ho Xm¡amZ ~¢H Ho ~Œ¢S Am¡a N{d {Z_m©U hoVw gKZ à`mg {H E JE&
~¢H Zo AnZo CËnmXmo§, godmAmo§, ã`mO Xamo§ Ed§ {ZînmXZ go g§~§{YV
gyMZm JŒmhH mo§, eo`aYmaH mo§ VWm Am_ OZVm H mo g_mMma nÌmo§,
n{ÌH mAmo§, Qrdr M¡Zbmo§, E\ E_ ao{S`mo ñQoeZmo§, hmo{S>ªJ, Q—mÝgbmBQ
do~gmBQ, EQrE_ BË`m{X Ho _mÜ`_ go {dkmnZmo§ Ed§ àMma Ho µO[aE
nhw±MmZm Omar aIm&
12. gaH mar H mamo~ma Am¡a ~¢H mí`moaoÝg
12.1 31 _mM© 2019 H mo g_mßV df© hoVw ~¢H H m Hw b àË`j/AàË`j
H a, gr_m ewëH VWm amÁ` H a g§JŒhU {nNbo df© Bgr Ad{Y Ho
Xm¡amZ g§JŒ{hV 25.97 bmI MmbmZmo§ go `61993 H$amo‹S H$s VwbZm
_o§ 22.29 bmI MmbmZmo§ go `49749 H$amo‹S ahm & ~¢H Zo {dÎmr`
df© 2018-19 Ho Xm¡amZ gaH mar H mamo~ma go `7.62 H amo‹S H$s Hw b
Am` A{O©V H r&
12.2 ~¢H Zo OrdZ ~r_m H$mamo~ma Ho VhV 31 _mM©, 2018 H mo
`18422.31 bmI Ho àr{_`_ VWm `729.35 bmI Ho H _reZ Ho gmW 4,49,448 nm{b{g`mo§ H$s VwbZm _o§ 31 _mM© 2019 H mo
`8902.82 bmI Ho àr{_`_ VWm `536.04 bmI Ho H _reZ
Ho gmW 4,55,190 nm{b{g`mo§ H m àMma {H m (Bg_o§ `1245.09
bmI Ho àr{_`_ VWm `176.92 bmI Ho$ H$_reZ Ho gmW àYmZ _§Ìr OrdZ Á`mo{V ~r_m `moOZm Ho VhV 4,52,400 Zm_m§H Z em{_b
h¢) &
12.3 ~¢H Zo J¡a-OrdZ H$mamo~ma Ho VhV 31 _mM©, 2018 H mo
`2601.52 bmI Ho àr{_`_ VWm `342.87 bmI Ho H _reZ Ho gmW 12,46,518 nm{b{g`mo§ H r VwbZm _o§ 31 _mM©, 2019 H mo
`2308.50 bmI Ho àr{_`_ VWm `223.18 bmI Ho H _reZ Ho
gmW 12,66,081 nm{b{g`mo§ H m àMma {H m (Bg_o§ 145.43 bmI Ho àr{_`_ Ho gmW àYmZ _§Ìr gwajm ~r_m `moOZm Ho 12,11,913
Zm_m§H Z em{_b h¢ VWm 24.24 bmI H m H _reZ A{O©V {H m )&
12.4 ~¢H Zo ñdmñÏ` ~r_m H mamo~ma Ho VhV 31 _mM© 2018 Ho$ 181.58
bmI H$s VwbZm _o§ 31 _mM©, 2019 H mo g_mßV Ad{Y hoVw 155.33
bmI H m H _reZ A{O©V {H m&
12.5 ~¢H Zo å`yMwAb \§ S H mamo~ma Ho VhV 31 _mM© 2018 Ho `22.12
bmI H$s VwbZm _o§ _mM©, 2019 H mo g_mßV df© hoVw `17.35 bmI
H m H _reZ A{O©V {H m&
11. Advertisement and Publicity:
11.1 During the year, concerted efforts were made for enhancing the brand and image of the Bank. The Bank continued to disseminate messages on its products, services, interest rates and its performance, to the customers, shareholders and the general public through advertisements and publicity in Newspapers, Periodicals, TV Channels, FM Radio Stations, Hoardings, Translites, Website, ATMs, etc.
12. Government Business and Bancassurance:
12.1 The total Direct/Indirect tax, Customs duty and State Tax collections of the Bank for the year ended 31st
March, 2019 reached `49749 crore from 22.29 lakh challans as compared to `61993 crore from 25.97 lakh challans collected during the corresponding period last year. The Bank has earned an aggregate income of `7.62 crore from Govt. Business during the Financial Year 2018-19.
12.2 Under Life Insurance Business, Bank has canvassed 4,55,190 policies with premium of `8902.82 lakh and earned commission of `536.04 lakh as at 31st March, 2019,(this includes 4,52,400 enrolments made under Pradhan Mantri Jeevan Jyoti Bima Yojana with premium of `1245.09 lakh and commission of `176.92 lakh) as against 4,49,448 policies with premium of `18422.31 lakh and commission of `729.35 lakh as at 31st March, 2018.
12.3 Under Non-life Business, Bank has canvassed 12,66,081 policies with premium of `2308.50 lakh and commission of `223.18 lakh as at 31st March, 2019, (this includes 12,11,913 enrolments made under Pradhan Mantri Suraksha Bima Yojana with premium of `145.43 lakh and earned commission of `24.24 lakh) as against 12,46,518 policies with premium of `2601.52 lakh and commission of `342.87 lakh as at 31st March, 2018.
12.4 Bank has earned a commission of `155.33 lakh for the period ended 31st March, 2019 under Health Insurance business as against `181.58 lakhs as at 31st March, 2018.
12.5 Bank has earned a commission of `17.35 lakh for the period ended 31st March, 2019 under Mutual Fund Business as against `22.12 lakhs as at 31st March, 2018.
32
13. H mnmo©aoQ gm_m{OH {Oå_oXmar
{Oå_oXma H mnmo©aoQ ZmJ[aH Ho ê$n _o§, ~¢H Zo {dÎmr` df© 2018-
2019 Ho Xm¡amZ gm_{OH àmW{_H VmAmo§ _o§ AnZr à{V~ÕVm H$s
ny{V© hoVw g_mO Ho Aën gw{dYm àmßV dJ© Ho {bE H B© H ë`mUH mar
Cnm` ewê$ {H E h¢&
13.1 H mnmo©aoeZ ~¢H Am{W©H {dH mg _§M (gr~rB©SrE\ )
H mnmo©aoeZ ~¢H Am{W©H {dH mg _§M (n§) ~¢H H$s EH bm^-a{hV
Am{W©H BH mB© Ho ên _o§ H mnmo©aoQ {_eZ Ho AZwên AnZo gm_m{OH
Xm{`Ëd H mo {Z^mVo Am ahm h¡& ~¢H H$s g^r gr Eg Ama J{V{d{Y`m±
gr~rB©SrE\ Ho VËdYmZ _o§ Am`mo{OV H$s OmVr h¢& df© 2018-19
Ho Xm¡amZ gr~rB©SrE\ Ho _mÜ`_ go gm_m{OH gamoH ma H$s {d{^Þ
n[a`moOZmAmo§ Ho {ZînmXZ hoVw `371.65 bmI Ho {dÎmr` AZwXmZ
{dV[aV {H E JE& {dÎm df© 2018-19 Ho Xm¡amZ gr~rB©SrE\ Ûmam
{Zînm{XV J{V{d{Y`mo§ _o§ Hw N ~‹So grEgAma àmoOoŠQ {ZåZ{b{IV
h¢-
13.2 ""H mn© {H aU'' - ~¢H Ho H m`©nmbH mo§ H$s npËZ`mo§ H m EH g_yh Ho O[aE grEgAma J{V{d{Y`m±
~¢H Zo {dÎm df© 2018-19 Ho Xm¡amZ Aëngw{dYm àmßV bmoJmo§ Ho
H ë`mU hoVw ""H mn© {H aU'' Ho _mÜ`_ go {d{^Þ g§ñWmAmo§ H mo
`22.29 bmI àXmZ {H E& à_wI {HŒ mH bmnmo§ _o§ Jar~ ñHy br
NmÌmo§ H mo VWm AZmWml_mo§, d¥Õml_mo§, emar[aH Ed§ _mZ{gH ên go
Aj_ bmoJmo§ H mo ghm`Vm XoZo dmbo {Zam{lV J¥hmo§ Ho {Zdm{g`mo§ H mo
~o§M, SoñH , Ab_mar, H åß`yQa, dmQa ß`yar\ m`a, noSoñQ—b n§Io Am{X
XoZm, H ë`mU_ H amo{V (EZOrAmo), _oaR H mo Eå~wbo§g XoZm, {e_moJm
BÝgQrQ>çyQ Am°\ _o{SH$b gmBÝg H mo 3 Sm`{b{gg CnH aU XoZm
em{_b h¢&
13.3 H mnmo©aoeZ ~¢H ñdamoµOJma à{ejU g§ñWmZ
(grAmo~rEgB©QrAmB©)
H mnmo©aoeZ ~¢H ñdamoµOJma à{ejU g§ñWmZ (grAmo~rEgB©QrAmB©)
{MH _Jbya Am¡a H moSJw {Obmo§ _o§ pñWV h¡, Omo ~oamoµOJma `wdH mo§ H$s
ì`mdgm{`H à{ejU Amdí`H VmAmo§ H mo nyam H aVo h¢ Ohm± ~¢H H mo
AJŒUr ~¢H H$s {Oå_oXmar h¡& df© 2018-19 Ho Xm¡amZ XmoZmo§ g§ñWmZmo§
Zo Hw b {_bmH a 1517 ~oamoµOJma `wdH mo§ H mo {d{^Þ H m¡eb {dH mg
à{ejU H m`©HŒ _mo§ Ho$ A§VJ©V à{e{jV {H m& ñWmnZm g_` go boH a
XmoZmo§ g§ñWmZmo§ Ûmam bJ^J 17924 ~oamoµOJma `wdH$mo§ à{e{jV {H m
d g§M`r {ZnQmZ Xa 78% ahm& ~¢H Zo df© 2018-19 Ho Xm¡amZ
XmoZmo§ g§ñWmAmo§ _o§ à{ejU H$m`©H«$_ Am`mo{OV H$aZo Ho$ {bE `70
bmI H m ì`` {H m h¡& df© 2018 hoVw JŒm_rU {dH mg _§Ìmb`,
^maV gaH ma Ûmam XmoZmo§ g§ñWmZmo§ H mo “AA’’ JŒoS {X`m J`m h¡&
13. Corporate Social Responsibility As a responsible Corporate citizen, the Bank initiated
several welfare measures aiming at the under privileged section of the society in fulfi llment of its commitment to social priorities during the fi nancial year 2018-19.
13.1 Corporation Bank Economic Development Foundation [CBEDF]
The Corporation Bank Economic Development Foundation® a non-profi t economic outfi t Trust has been pursuing its objectives of fulfi lling social obligation in tune with corporate mission. All CSR activities of the Bank are conducted under the aegis of CBEDF. Financial grants to the extent of `371.65 lakhs were disbursed for execution of various projects of social concerns during the year 2018-19 through CBEDF. Amongst others, CBEDF implemented following major CSR projects during FY 2018-19.
13.2 CSR Activities through “CorpKiran” – Association of Spouses of Bank Executives
For the welfare of underprivileged, through “CorpKiran”, Bank granted `22.29 lakhs to various Institutions during 2018-19. The major activities included providing Bench, Desk, Cupboards, Computers, Water purifi er, Pedestral Fans etc., to poor school children and inmates of orphanages, old age homes, destitute homes, helping physically and mentally challenged people, Ambulance to Kalyanam Karoti (NGO), Meerut. Three number of dialysis machines to Shimoga Institutes of Medical Sciences, Shimoga.
13.3 CSR through Corporation Bank Self Employment Training Institutes [COBSETI]
The Corporation Bank Self Employment Training Institutes are operating in Chikmagalur and Kodagu Districts catering to the training needs of the rural un-employed youth hailing from both the districts, where the Bank has the Lead Bank responsibility. Both the Institutes put together trained 1517 unemployed youth in various skill development training programmes during the year 2018-19. Since inception, both the institutes have trained about 17924 unemployed youth with a cumulative settlement rate of 78%. The Bank has incurred an expenditure of `70 lakh during the year 2018-19, for conducting the training programmes at both the Institutes. Both the instiitues have been graded as “AA” by the Ministry of Rural Development for the year 2018.
33ANNUAL REPORT 2018-19
13.4 ""JŒm_rU Aä`wX` {dÎmr` gmjaVm Ý`mg'' (OrEE\ Eb Q—ñQ) Ho O[aE grEgAma
~¢H Zo {d{^Þ Ho ÝÐmo§ _o§ "{dÎmr` gmjaVm Ho$ÝÐ' (E\ Ebgr) ñWm{nV H aZo Ho {bE JŒm_rU Aä`wX` {dÎmr` gmjaVm Ý`mg H mo àm`mo{OV {H$`m h¡& `o H|$Ð bmoJmo§ H mo AnZr Am{W©H Amdí`H$VmAmo§ Ed§ ge{º$H$aU Ho {bE ~¢qH$J gw{dYmAmo§ H$s Cn`mo{JVm Ho ~mao _| {e{jV H$aVo h¢ & `o Ho ÝÐ, ~r_m, ~¢H _o§ ~MV, Am¡a G$U go g§~§{YV CËnmX/godmAmo§ Am{X g{hV {dÎmr` nhbwAmo§ Ho AmYma na CYmaH Vm©Amo§ H mo nam_e© ^r XoVo h¢& 31.03.2019 VH H r pñW{V Ho AZwgma OrEE\ Ebgrgr Q—ñQ Zo 4 {µObm ñVar` Am¡a 21 ãbm°H ñVar` E\ Ebgr H|$Ð ñWm{nV {H$E h¢&
~¢H Zo df© 2018-19 Ho$ Xm¡amZ Cº$Q—ñQ H$s AmdVr© bmJV hoVw
`45.00 bmI àXmZ {H m h¡& Q—ñQ Zo Jm±dmo§, ñHy bmo§, H m°boOmo§, AÝ` g§ñWmAmo§, ñdghm`Vm g_yhmo§ d AÝ` ñWmZmo§ _o§ 1814 {dÎmr`
gmjaVm {e{da Am`mo{OV {H E h¢ {OZ_o§ 88,464 ì`{º`mo§ Zo ^mJ
{b`m&
13.5 EgEMOr {Z_m©U Ho O[aE grEgAma df© Ho Xm¡amZ, ~¢H Zo H Zm©QH Ho Nh {Obmo§ _o§ 14172 ZE ñd
ghm`Vm g_yhmo§ H mo ~‹Tmdm XoZo Ho {bE `141.72 bmI H m ì`` {H m h¡& Bg ~‹Sr grEgAma J{V{d{Y Ho _mÜ`_ go BZ EgEMOr Ho
gXñ`mo§ dmbo 141720 n[admamo§ H$s _XX H aHo CÝho§ {dÎmr` geºVm
àXmZ H$s h¡& A~ BZH$s nhw±M O_m Am¡a G$U gw{dYmAmo§ g{hV
~¢qH J gw{dYmAmo§ VH h¡& CÝho§ AnZo g§~§{YV g_yh ~hr ImVmo§ H m
AZwajU VWm boIm aIZo na à{ejU {X`m J`m& g_yhmo§ H$s {Z`{_V
~¡RH mo§ Ho Am`moOZ go gXñ`mo§ H mo CÝ_wº {dMma {d_e© H aZo Ed§ AnZr ~mV aIZo hoVw àmoËgmhZ {_bVm h¡&
14. amO^mfm H m àJm_r à`moJ
14.1 ~¢H , amO^mfm A{Y{Z`_, 1963, amO^mfm {Z`_, 1976 VWm amO^mfm {hÝXr Ho H m`m©Ýd`Z Ho g§~§Y _o§ amO^mfm {d^mJ, J¥h _§Ìmb`, {dÎmr` godmE§ {d^mJ, {dÎm _§Ìmb` Am¡a maVr` [aµOd© ~¢H
Ûmam g_`-g_` na Omar {ZXo©emo§ H m AZwnmbZ gw{Z{üV H aVm h¡&
14.2 amO^mfm H m`m©Ýd`Z Ho joÌ _o§ df© 2018-19 Ho Xm¡amZ ~¢H H m
g_JŒ {ZînmXZ AÀNm ahm h¡& ~¢H H mo amO^mfm {d^mJ, J¥h _§Ìmb`, ^maV gaH ma Ûmam X{jU Ed§ X{jU n{ü_ joÌ _o§ ZamH mg, _§Jbyé
Ho$ CËH¥ îQ g§`moOZ Ho {bE {ÛVr` nwañH ma go gå_m{ZV {H m J`m h¡&
h_mao H moÀMr, {dO`dmSm, H mobH mVm, RmUo, amOH moQ, ~o§Jbyé (X{jU) Am±M{bH H m`m©b`mo§ Am¡a am`nwa _oZ emIm H mo amO^mfm
H m`m©Ýd`Z _o§ CËH¥ îQ {ZînmXZ hoVw CZHo g§~§{YV ZJa amO^mfm
H m`m©Ýd`Z g{_{V (Qm°{bH ) go nwañH ma àmßV hwE h¢&
13.4 CSR through “Grameena Abhyudaya Financial Literacy Trust “[GAFL Trust]
The Bank has sponsored Grameena Abhyudaya Financial Literacy Trust for establishing “Financial Literacy Centers” [FLCs] at various locations. These Centers educate people about the usefulness of the Bank account for all their economic needs and empowerment. The Centers also provide counseling for the borrowers on the basis of fi nancial aspects including insurance, savings and credit related products/services in the Bank etc. As on 31.03.2019, GAFLCC Trust has established 4 District level and 21 Block level FLC centers.
The Bank has provided `45.00 Lakh for meeting the recurring cost of the Trust, during the year 2018-19. The Trust has conducted 1814 Financial Literacy Camps at villages, schools, colleges, other institutions, SHGs and others, covering about 88,464 persons.
13.5 CSR through SHG formation
During the year, the Bank has spent `141.72 Lakhs for promoting 14,172 new SHGs in 6 districts of Karnataka. Through this major CSR initiative, Bank has helped about 141720 families of the members of SHG groups to become fi nancially empowered. They now have access to banking facilities including deposits and loans. They also receive training in record maintenance and account keeping of their respective groups. Regular meetings of the groups encourage the members to freely interact and become more vocal.
14. Progressive use of Offi cial Language:
14.1 The Bank ensures compliance of the provision of Offi cial Languages Act, 1963, Offi cial Languages Rules, 1976 and various directions with regard to Offi cial Language issued from time to time by Department of Offi cial Language, Ministry of Home Affairs, Department of Financial Services, Ministry of Finance and the Reserve Bank of India.
14.2 The overall performance of the Bank in the fi eld of offi cial language implementation during the year 2018-19has been very good. Bank has been awarded second prize by Dept. of OL, MHA, Govt. of India as excellent co-ordinator of TOLIC, Mangalore in South and South West region.
Our Kochi, Vijayawada, Kolkata, Thane, Rajkot, Bangalore (South) Zonal offi ces and Raipur Main Branch received prizes from their respective Town Offi cial Language Implementation Committee (TOLIC) for their excellent performance in O.L. implementation.
34
14.3 ~¢H ZJa amO^mfm H m`m©Ýd`Z g{_{V (ZamH mg), _§Jbya, ~obJm§d
Zo„ya Ed§ _{S>Ho$ar H m g§`moOH h¡& gXñ` g§JRZmo§/~¢H mo§ Ho ñQm\ Ho
bm^mW© hoVw ha df© {d{^Þ H m`©H bmn {H E OmVo h¢&
14.4 {dÎm df© Ho Xm¡amZ g§gXr` amO^mfm g{_{V H$s Vrgar Cn-g{_{V
Zo h_mao H mo`§~Îmya Am±M{bH H$m`m©b` Ed§ JwdmhmQr emIm H m Xm¡am
{H m Am¡a amO^mfm na g§gXr` g{_{V H$s AmboI Ed§ gmú` g{_{V
Zo h_mao RmUo Am±M{bH H m`m©b` H m Xm¡am {H m& {d{^Þ {ZarjUmo§ Ho
Xm¡amZ ~¢H Ûmam amO^mfm H m`m©Ýd`Z _o§ ~¢H Ûmam {H E Om aho à`mgmo§
H$s gamhZm H$s& {dÎmr` df© Ho Xm¡amZ, {dÎmr` godmE± {d^mJ, {dÎm
_§Ìmb` Zo bIZD$, {X„r (X{jU), Jmodm, MoÞ¡ Am¡a Hw Þya emIm
H m {ZarjU {H m VWm amO^mfm H m`m©Ýd`Z _o§ ~¢H Ûmam {H E Om aho
à`mgmo§ H$s gamhZm H$s&
14.5 ~¢H Zo ZJa amO^mfm H m`m©Ýd`Z g{_{V, _§Jbya Ho gmW g§`wº
VËdmdYmZ _o§ {XZm§H 27 {gV§~a 2018 H mo ^mfm`r gm¡hmX© {Xdg
(qhXr {Xdg) H m Am`moOZ {H m&
14.6 ~¢H amO^mfm {hÝXr H mo bmoH {à` ~ZmZo Ho$ {bE {d{^Þ
gm_{JŒ`m± àH m{eV H aVm h¡& Bg_o§ ~¢H H$s {V_mhr {hÝXr J¥h n{ÌH m
""_§Jbm'', ZJa amO^mfm H m`m©Ýd`Z g{_{V H$s Amoa go àH m{eV
H$s OmZo dmbo {hÝXr n{ÌH m ""{ÌYmam em{_b h¡& BZ àH meZmo§ Ho
Abmdm ~¢H Zo H m`©embm gm_JŒr na nwñVH VWm {d{^Þ àH ma Ho
~Œmoea ^r àH m{eV {H E h¡&
14.7 àYmZ H$m`m©b` Ed§ Am±M{bH H m`m©b`mo§ Ûmam ñQm\ gXñ`mo§
Ho bm^mW© {hÝXr H m`©embmE§ Am¡a à{ejU ^r {Z`{_V ên go
Am`mo{OV {H E JE&
14.8 H m`m©b` _o§ amO^mfm H m`m©Ýd`Z Ho Abmdm ~¢H Zo X{jU H$Þ‹S
qhXr {ejH g§K, g§V Abmo{g`g H m°boO _§Jbyé Ho qhXr g§K O¡go
g§JRZmo§ go {_bH a _§Jbyé Ho Amgnmg Ho NmÌmo§ Ed§ AÜ`mnH$mo§ Ho$
bm^mW© {d{^Þ H m`©HŒ _ Am`mo{OV {H E h¢&
15. ~¢H Ûmam àm`mo{OV AZwf§{J`mo§ Am¡a AÝ` BH mB`mo§ H m
{ZînmXZ
15.1 H mn© ~¢H {gŠ`w[aQrµO {b{_QoS… ~¢H H$s nyU© ñdm{_Ëddmbr
AZwf§Jr H mn© ~¢H {gŠ`w[aQrµO (gr~rEgEb) Zo {dÎm df© 2018-
19 Ho Xm¡amZ `9.73 H amo‹S H$s Hw b Am`, `8.69 H amo‹S H m H a
nyd© bm^ VWm 7.68 H amo‹S H m H a Cnam§V bm^ (Mmby df© Ho {bE
`2.41 H amo‹S Ho H a àmdYmZ, nyd© dfmoª Ho {bE `1.42 H amo‹S H m
H a àmdYmZ, 0.002 H amo‹S H$s AmñW{JV H a AmpñV Ho àË`mdV©Z
14.3 The Bank is the convener of Town Offi cial Language Implementation Committee (TOLIC), Mangalore, Belgaum, Nellore and Madikeri. Various activities are conducted every year for the benefi t of staff members of member organisations/banks.
14.4 During the Financial Year, the Third Sub-Committee of the Committee of Parliament on Offi cial Language visited our Coimbatore Zonal offi ce and Guwahati branch and Documents and Evidence Committee of Committee of Parliament on Offi cial Language has inspected our Zonal offi ce Thane. During various inspections the efforts being made by the Bank in Offi cial Language Implementation has been appreciated. During the Financial Year, Dept. of Financial Services, Ministry of Finance inspected Zonal Offi ces at Lucknow, Delhi (South), Goa, Chennai as well as Kunnur Branch and appreciated the efforts being made by the Bank in Offi cial Language Implementation.
14.5 Bank jointly organized the “Linguistic Harmony Day (Hindi Diwas)” on 27th Sept. 2018 with Town Offi cial Language Committee, Mangalore.
14.6 The Bank is bringing out various publications for popularizing Offi cial Language Hindi. These include “Mangala” – quarterly Hindi house-journal of the Bank and “Tridhara”- Hindi Journal published on behalf of TOLIC, Mangalore. Apart of these publications, bank has published study materials on Hindi Workshop and various brochures.
14.7 Hindi workshops and training programmes were conducted by Head Offi ce and Zonal Offi ces on a regular basis for the benefi t of staff members.
14.8 Besides the O.L. implementation work in the offi ces bank has conducted various programmes for the benefi t of students and teachers of the colleges in and around Mangaluru in association with organizations such as Dakshin Kannada Hindi Shikshak Sangh, Hindi Sangh of St. Alosyus College Mangaluru.
15. Performance of Subsidiaries and other units sponsored by the Bank
15.1 Corp Bank Securities Limited: The Bank’s wholly owned subsidiary, Corp Bank Securities Limited (CBSL) has earned a total income of `9.73 crore, posted Profi t Before Tax of `8.69 crore and Profi t After Tax of `7.68 crore (after accounting for tax provision of `2.41 crore for current year, reversal of tax provision of `1.42 crore for earlier years, deferred tax asset of `0.02 crore
35ANNUAL REPORT 2018-19
Ho boIm§H Z Ho ~mX) A{O©V {H m h¡ O~{H {dÎm df© 2017-18 hoVw `o Am§H ‹So HŒ _e… `6.77 H amo‹S, `5.61 H amo‹S Am¡a `4.01 H amo‹S (dV©_mZ df© Ho$ H$a àmdYmZ `1.12 H$am‹‹‹oS>, nyd©dVu dfm] Ho$ {bE H$a àmdYmZ `0.05 H$am‹oS>, AmñW{JV H$a AmpñV`m| Ho$ àË`mdV©Z go `0.006 H$amo‹S> H$s am{e Ho$ boIm§H$Z Ho$ ~mX)Wo& 31.3.2019 H mo àXÎm B©p¹Qr eo`a ny§Or `75 H amo‹S ahr O~{H A{Yeof Ho nwZ{Z©doe Ho gmW {Zdb _m{b`V `124.65 H amo‹S ahr& _mM© 2019 H mo g_mßV {dÎm df© hoVw à{V eo`a AO©Z `1.02 ahm O~{H _mM© 2018 H mo g_mßV {dÎm df© Ho {bE `h 0.53 Wm& H§$nZr å`wMwAb \§ S CËnmXmo§ Ho {dVaU Am¡a dm{UpÁ`H nÌmo§, O_m à_mUnÌmo§, Q—oµOar {~bmo§ Am{X O¡gr AZw_mo{XV à{V^y{V`mo§ H$s Q—oqSJ O¡go {HŒ mH bmn Omar aIr hwB© h¡&
16. {ZXoeH _§Sb H$s g§aMZm
16.1 31 _mM©, 2019 H mo g_mßV {dÎmr` df© Ho Xm¡amZ ~¢H Ho {ZXoeH _§Sb _o§ {ZåZ{b{IV n[adV©Z hwE h¢&
16.2 lr E_. Jd§Vm amd H mo 1 _mM© 2019 go ~¢H Ho ~moS© _o§ A§eH m{bH$ J¡a-Am{YH m[aH {ZXoeH Ho ên _o§ Zm{_V {H m J`m&
16.3 gwlr nr. dr. ^maVr H mo ~¢H$ Ho$ ~moS© _o§ à~§Y {ZXoeH Am¡a _w»` H m`©H mar A{YH mar Ho$ ê$n _o§ {Z`wº {H$`m J`m Am¡a {XZm§H$ 01.02.2019 H mo CÝhmo§Zo H m`©^ma JŒhU {H m&
16.4 lr {~énmj {_lm H mo ~¢H Ho ~moS© _o§ H m`©nmbH {ZXoeH Ho ên _o§ {Z`wº {H m J`m Am¡a {XZm§H 26.12.2018 H mo CÝhmo§Zo H m`©^ma JŒhU {H m&
16.5 2018-19 Ad{Y Ho Xm¡amZ {ZåZ{b{IV gXñ` ~¢H Ho {ZXoeH _§Sb go godm{Zd¥Îm hwE-
• lr O` Hw _ma JJ©, ~¢H Ho à~§Y {ZXoeH Ed§ _w»` H$m`©nmbH$ A{YH mar 31 OZdar 2019 H mo AnZm H m`©H mb nyam hmoZo na 1 \ adar 2019 go à~§Y {ZXoeH Ed§ _w»` H m`©nmbH A{YH mar Zht aho§Jo&
16.6 {ZXoeH _§Sb, ~moS©/~moS© H$s g{_{V`mo§ H$s ~¡RH mo§ _o§ {dMma-{d_e© Ho Xm¡amZ VWm ~¢H Ho {ZXoeH Ho nX na ahVo hwE AnZo H m`©H mb Ho Xm¡amZ ~¢H Ho ì`mnma g§MmbZ _o§ lr O` Hw _ma JJ© go àmßV _mJ©Xe©Z Ed§ {ddoH nyU© nam_e© hoVw CZH$s gamhZm H aVm h¡&
17. {ZXoeH mo§ Ho Xm{`Ëd {ddaU {ZXoeH nwpîQ H aVo h¢ {H 31 _mM©, 2019 H mo g_mßV df© Ho dm{f©H
boImo§ H$s V¡`mar _|…
17.1 _hÎdnyU© {dMbZ, `{X H moB© h¡, Ho g§X^© _o§ C{MV ñnîQrH aU Ho
gmW bmJy boIm§H Z _mZH mo§ H m nmbZ {H m J`m h¡&
for Financial Year 2018-19, while the corresponding fi gures for FY 2017-18 were `6.77 crore, `5.61 crore and `4.01 crore respectively (after accounting of tax provision of `1.12 crore for current year, tax provision of `0.05 crore for earlier years, reversal of deferred tax asset of `0.006 crore). The Paid up Equity Share Capital remained at `75 crore as on 31.03.2019 while the Net worth stood at `124.65 crore with the plough back of surplus. The Earning per Share for fi scal ended March, 2019 was `1.02 while it was `0.53 for the fi scal ended March, 2018. The Company had launched equity broking business for institutional clients in FY 2015-16. The Company also continues to pursue its other activity of distribution of Mutual Fund Products and trading in approved Securities like Commercial Papers, Certifi cate of Deposits and Treasury Bills etc.
16. Constitution of Board of Director
16.1 The following changes have taken place in the Board of Directors of the Bank during the fi nancial year ended 31st March, 2019.
16.2 Shri M. Bhagavantha Rao was nominated as part-time Non-offi cial Director on the Board of the Bank with effect from 1st March 2019.
16.3 Ms P. V. Bharathi was appointed as the Managing Director and Chief Executive Offi cer on the Board of the Bank and assumed offi ce on 01.02.2019.
16.4 Shri Birupaksha Mishra was appointed as the Executive Director on the Board of the Bank and assumed offi ce on 26.12.2018.
16.5 The following members retired from the Board of the Bank during the period-2018-19:
• Shri Jai Kumar Garg, Managing Director and Chief Executive Offi cer of the Bank has ceased to be a Managing Director and Chief Executive Offi cer from 1st February, 2019 on completion of his term on 31st January, 2019.
16.6 The Board places on record its appreciation for the guidance and counsel received from Shri Jai Kumar Garg during deliberations of the Board/Committees of the Board and also in the conduct of the Bank’s business during their tenure of offi ce as Director of the Bank.
17. Directors’ Responsibility Statements
The Directors confi rm that in the preparation of the Annual Accounts for the year ended 31st March, 2019 -
17.1 The applicable Accounting Standards had been followed along with proper explanation relating to material departures, if any.
36
17.2 boIm Zr{V`mo§ H m M`Z H aHo CÝho§ gVV ên go bmJy {H m J`m VWm
Eogo AZw_mZ Am¡a àm¸ bZ {H E JE Omo `w{º$g§JV Am¡a {ddoH gå_V
h¢ {H do {dÎm df© Ho A§V _o§ ~¢H H$s pñW{V Am¡a Cº Ad{Y Ho {bE
~¢H Ho bm^ Am¡a hm{Z H$s dmñV{dH Ed§ ghr Vñdra Xo§&
17.3 ~¢H H$s AmpñV`mo§ H mo gwa{jV aIZo VWm H nQ Ed§ AÝ`
A{Z`{_VVmAmo§ H mo amoH Zo Am¡a nVm bJmZo hoVw Bg A{Y{Z`_ Ho$
g§~§{YV àmdYmZmo§ Ho AZwgma n`m©ßV boIm A{^boImo§ H mo aIZo Ho$
{bE C{MV Ed§ n`m©ßV gmdYmZr ~aVr JB©&
17.4 dm{f©H boIo gVV g§ñWm AmYma na V¡`ma {H E JE Wo&
17.5 ~¢H Ûmam AZwnmbZ H aZo Ho {bE Am§V[aH {dÎmr` {Z`§ÌU {ZYm©[aV
{H E JE Wo Am¡a `h {H Eogo Am§V[aH {dÎmr` {Z`§ÌU n`m©ßV Wo Am¡a
H maJa ên go H m_ H a aho Wo&
17.6 g^r bmJy {d{Y`mo§ Ho àmdYmZmo§ Ho gmW AZwnmbZ gw{Z{üV H aZo
Ho$ {bE C{MV àUm{b`m± {ZYm©[aV H$s JB© Wt Am¡a Eogr àUm{b`m±
n`m©ßV Wt Am¡a H maJa ên go H m_ H a ahr Wt&
18. Am^ma
18.1 ~¢H Ho eo`aYmaH mo§, à{VpîRV JŒmhH mo§, ew^qMVH mo§, eo`a A§VaU
EOo§Q Am¡a ^maV VWm ^maV Ho ~mha Ho à{V{Z{Y`mo§ H mo CZH$s
gØmdZm, g§ajU VWm hm{X©H gh`moJ hoVw {ZXoeH JU YÝ`dmX
km{nV H aVo h¢&
18.2 ^maV gaH ma, H Zm©QH gaH ma, ^maVr` [aµOd© ~¢H , ^maVr`
à{V^y{V Ed§ {d{Z_` ~moS© (go~r), ~rEgB©, EZEgB©, EZEgSrEb,
grSrEgEb, {d{^Þ amÁ` gaH mamo§, {dÎmr` g§ñWmAmo§ Am¡a ~¢H Ho
gm§{d{YH H|$Ðr` boIm narjH mo§ go ~¢H n[aMmbZ _o§ àmßV ~hw_yë`
Ed§ g_`mo{MV nam_e©, _mJ©Xe©Z Am¡a gh`moJ Ho {bE, {ZXoeH JU
H¥ VkVmnyd©H Am^ma km{nV H aVo h¢&
18.3 {ZXoeH JU, df© Ho Xm¡amZ ~¢H H$s àJ{V _o§ _yë`dmZ gh`moJ XoZo hoVw
g^r ñVa Ho ñQm\ gXñ`mo§ H$s gamhZm H aVo h¢ VWm AmZo dmbo dfmoª
_o§ H mnmo©aoQ bú`mo§ H$s àmpßV hoVw CZH$s gVV gh^m{JVm H$s Amem
H aVo h¢&
{ZXoeH$ _§Sb Ho$ {bE Am¡a CZH$r Amoa go
(nr. dr. ^maVr)ñWmZ : _§Jbyé à~§Y {ZXoeH$ E§d {XZm§H$ : 30.05.2019 _w»` H$m`©nmbH$ A{YH$mar
17.2 Accounting Policies had been selected 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 fi nancial year and of the profi t and loss of the Bank for that period.
17.3 Proper and suffi cient care was taken for the maintenance of adequate Accounting Records in accordance with the provisions of the relevant Acts for safeguarding the assets of the bank and for preventing and detecting fraud and other irregularities.
17.4 The Annual Accounts were prepared on a going concern basis.
17.5 Internal fi nancial controls had been laid down to be followed by the Bank and that such internal fi nancial controls are adequate and were operating effectively.
17.6 Proper systems were in place to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.
18. Acknowledgements
18.1 The Directors thank the shareholders, valued customers, well-wishers, Share Transfer Agent and correspondents of the Bank in India and abroad for their goodwill, patronage and support.
18.2 The Directors acknowledge with gratitude the valuable and timely advice, guidance and support received from Government of India, Government of Karnataka, Reserve Bank of India, Securities and Exchange Board of India (SEBI), BSE, NSE, NSDL, CDSL, various State Governments, Financial Institutions and the Statutory Central Auditors of the Bank, in the functioning of the Bank.
18.3 The Directors place on record their deep appreciation of the valuable contribution of the members of the staff at all levels for the progress of the Bank during the year and look forward to their continued co-operation in realisation of the corporate goals of the Bank in the years ahead.
For and on behalf of the Board of Directors
(P. V. Bharathi)Place : Mangaluru Managing Director &Date : 30.05.2019 Chief Executive Offi cer
37ANNUAL REPORT 2018-19
n«~§YZ {ddoMZ Am¡a {díbofUMANAGEMENT DISCUSSION AND ANALYSIS
1. Monetary Policy 2018-19The RBI of India (RBI) in its fi rst Bi-monthly Monetary Policy Statement for 2018-19, projected the GDP growth to 7.4% in 2018-19.
The RBI remained committed of achieving consumer price index (CPI) infl ation medium-term target of 4% within a band of +/- 2%, while supporting growth.
The retail infl ation (CPI) projection for the fi rst-half of FY19 was 4.7%-5.1% and for the 2nd half of FY19 to 4.4% in its fi rst Bi-monthly Monetary Policy Statement for 2018-19. In the 2nd bi-monthly monetary policy review, the CPI infl ation for 2018-19 was revised to 4.8-4.9% in H1 and 4.7% in H2. In the 3rd bi-monthly monetary policy review, the RBI had forecasted retail infl ation at 4.6% in the 2nd quarter of the fi scal and 4.8% in the 2nd half of the fi scal. The RBI in its 5th bi-monthly review, lowered infl ation forecast in the range of 2.7% to 3.2% in the 2nd half of 2018-19. In the 6th bi-monthly review, the infl ation target had been revised downward to 2.8% in the 4th quarter of 2018-19.
Key Monetary and Liquidity Measures announced in the bi-monthly reviews of 2018-19 are given below:
• The cash reserve ratio (CRR) of scheduled banks remained unchanged at 4.0% of net demand and time liability (NDTL) in all the six bi-monthly monetary policies.
• During FY 2018-19, the RBI increased the repo rate by 25 bps on 6th June, 2018 and on 1st August, 2018, raising the repo rate to 6.25% and 6.50% respectively.
• Subsequently, the RBI had reduced the repo rate by 25 bps on 7th February, 2019 bringing the Repo rate down to 6.25%.
• Consequently, the reverse repo rate under the LAF was adjusted to 6.0%, and the MSF rate and the Bank Rate to 6.50%.
• In the ‘Statement on Developmental and Regulatory Policies’ in its 5th bi-monthly monetary policy review, the RBI reduced the SLR by 25 basis points every calendar quarter until the SLR reaches 18% of the net demand and time liabilities (NDTL) as part of aligning it with the liquidity coverage ratio (LCR). The fi rst round of reduction of 25 bps became effective from the quarter commencing January 2019, lowering the SLR to 19.25% of NDTL.
1. _m¡{ÐH Zr{V 2018-19
^maVr` [a‹Od© ~¢H (Ama~rAmB©) Zo 2018-19 Ho {bE AnZr nhbr {Û-_m{gH _m¡{ÐH Zr{V {ddaU _o§ OrSrnr _o§ 7.4% VH d¥{Õ hmoZo H m AZw_mZ bJm`m Wm&
Ama~rAmB© d¥{Õ H mo g_W©Z XoVo hwE JŒmhH _yë` gyMH m§H (grnrAmB©) _wÐmñ\ r{V Ho +/- 2% H$s gr_m Ho gmW 4% Ho _Ü`-H m{bH bú` H$s àmpßV hoVw à{V~Õ ahr&
nhbr {Û-_m{gH _m¡{ÐH Zr{V {ddaU 2018-19 _o§ {dÎm df© 19 Ho nydm©Y© Ho {bE IwXam _wÐmñ\ r{V (grnrAmB©) H m AZw_mZ 4.7%-5.1% Am¡a {dÎm df© 19 Ho Xygao mJ _o§ 4.4% Wm& Xygar {Û_m{gH _m¡{ÐH Zr{V g_rjm _o§, 2018-19 Ho {bE grnrAmB© _h§JmB© H mo g§emo{YV H a àW_ N>_mhr _o§ 4.8-4.9% Ed§ Xÿgar N>_mhr _o§ 4.7% {H m J`m& Vrgar {Û_m{gH _m¡{ÐH Zr{V g_rjm _o§, Ama~rAmB© Zo {dÎm df© H$s Xygar {V_mhr hoVw IwXam _wÐmñ\ r{V H$s Xa 4.6%, {dÎm df© Ho CÎmamY© Ho {bE 4.8% nydm©Zw_m{ZV H$s Wr& Ama~rAmB© Ûmam AnZr nm±Mdr {Û^m{fH g_rjm _o§ 2018-19 Ho CÎmamY© _o§ _wÐmñ\ r{V H mo 2.7% go 3.2% Ho ~rM ZrMo ahZm AZw_m{ZV {H$`m J`m& NRr {Û_m{gH g_rjm _o§, _wÐmñ\ r{V bú`mo§ H mo g§emo{YV H a 2018-19 H$s Mm¡Wr {V_mhr Ho {bE 2.8%, {H m J`m&
2018-19 H$s {Û_m{gH g_rjmAmo§ _o§ Kmo{fV _w»` _m¡{ÐH Ed§ VabVm Cnm` {ZåZ{b{IV h¢ :
• AZwgy{MV ~¢H mo§ H m Ama{jV ZH X AZwnmV (grAmaAma) g^r N: {Û_m{gH _m¡{ÐH Zr{V`mo§ _o§ {Zdb _m§J Ed§ Amd{YH Xo`VmAmo§ (EZSrQrEb) Ho 4% na An[ad{V©V ahm&
• {dÎm df© 2018-19 Ho Xm¡amZ Ama~rAmB© Zo 6 OyZ 2018 Ed§ 01 AJñV
2018 H mo aonmo§ aoQ _o àË`oH$ ~ma 25 ~rnrEg H$s d¥{Õ H aVo hwE aonmo Xa H mo HŒ _e: 6.25% Ed§ 6.50% {H m&
• ~mX _o§ Ama~rAmB© Zo 7 \ adar 2019 H mo aonmo aoQ H mo 25 ~rnrEg H _ H aHo 6.25% {H m&
• n[aUm_ñdê$n , EbEEµ\ Ho A§VJ©V [adg© aonmo H mo 6.0% Ed§ E_EgE\ aoQ Ed§ ~¢H aoQ H mo 6.50% na g_m`mo{OV {H m J`m&
• AnZr nm±Mdr {Û_m{gH _m¡{ÐH Zr{V g_rjm H$s KmofUm Ho ~mX
{dH mgmË_H Ed§ {Z`m_H Zr{V`mo§ na AnZo dº ì` _o§ Ama~rAmB© Zo àË`oH H¡ bo§Sa {V_mhr _o§ EgEbAma _o§ 25 ~o{gg A§H mo§ H$s H _r H$s h¡, O~ VH {H EgEbAma {Zdb _m§J Ed§ Amd{YH Xo`VmAmo§ Ho 18% VH Zht nhw±M Om`o Vm{H Bgo VabVm H daoO AZwnmV go g§ao{IV {H m Om gHo & 25 ~o{gg A§H mo§ H$s nhbr H Qm¡Vr OZdar 2019 go Ama§^ {V_mhr go EZSrQrEb Ho 19.25% go EgEbAma H mo H _ H aHo à^mdr hmoJr&
38
• Liquidity under overnight repos has been continued to be provided at 0.25% of bank-wise NDTL at the LAF repo rate and liquidity under 7-day and 14-day term repos of up to 0.75% of NDTL of the banking system through auctions. Continuation of daily one-day term repos and reverse repos to smooth liquidity.
Some of the important regulatory and developmental measures taken by RBI during 2018-19 are furnished below:
• The RBI on April 6, 2018 decided that all system providers shall ensure that the entire data relating to payment systems operated by them are stored in a system only in India. This data should include the full end-to-end transaction details/information collected/carried/processed as part of the message/payment instruction.
• The RBI on June 6, 2018 temporarily allowed banks and NBFCs to classify their aggregate exposure up to `250 million as on May 31, 2018, as per the 180 days past due criterion, to all Micro Small and Medium Enterprises (MSMEs), including those not registered under Goods and Services Tax (GST), as a ‘standard’ asset.
• The RBI on June 19, 2018 revised the housing loan limits for eligibility under priority sector lending to 35 lakh in metropolitan centres (with population of 10 lakh and above), and 25 lakh in other centres, provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed 45 lakh and 30 lakh, respectively.
• In order to address the concerns arising out of the anonymity provided by payments through demand drafts (DD) and the possible misuse for money laundering, the RBI on July 12, 2018 decided that the name of the purchaser be incorporated on the face of the demand draft, pay order, banker’s cheque, etc., by the issuing bank.
• The RBI on September 21, 2018 advised all scheduled commercial banks (excluding regional rural banks and small fi nance banks) to engage with systemically important non-deposit taking non-banking fi nancial Company (NBFC-ND-SIs) (hereinafter referred to as NBFC) to co-originate loans for the creation of priority sector assets.
• As per the Internal Ombudsman Scheme 2018, all scheduled commercial banks in India having more than 10 banking outlets (excluding regional rural banks), are required to appoint Internal Ombudsman (IO) in their banks.
• The RBI on November 15, 2018 advised banks to send a positive confi rmation to the remitter of the funds under the Real Time Gross Settlement (RTGS) system, regarding completion of the funds transfer.
• Zrbm_r Ûmam AmodaZmBQ aonmo§ Ho A§VJ©V Mb {Z{Y H mo EbEEµ\ H$s Xa go
~¢H dma EZSrQrEb Ho 0.25% VWm 7 {XZmo§ Am¡a 14 {XZmo§ H$s gmd{Y
aonmo§ Ho A§VJ©V Mb {Z{Y H mo ~¢qH J àUmbr Ho EZSrQrEb Ho 0.75%
VH {X`m OmZm Omar aIm J`m h¡& Mb {Z{Y H mo ghO ~ZmE aIZo Ho {bE
X¡{ZH EH {Xdgr` gmd{Y [anmo Am¡a [adg© [anmo H mo Omar aIm J`m h¡&
2018-19 Ho Xm¡amZ Ama~rAmB© Ûmam {H E Hw N _hËdnyU© {Z`m_H Ed§
{dH mgmË_H Cnm` {ZåZ{b{IV h¢:
• 6 Aà¡b 2018 H mo Ama~rAmB© Zo V` {H m {H g^r {gñQ_ àXmVm `h
gw{Z{üV H ao§ {H CZHo Ûmam àMm{bV {gñQ_ _o§ ^wJVmZ go g§~§{YV gmam
SmQm Ho db ^maV Ho {gñQ_ _o§ g§JŒ{hV {H m Om`o& SmQm _o§ E§S-Qy-E§S
boZXoZ go g§~pÝYV g§Xoe/^wJVmZ {ZXo©emo§ Ho ê$n _o§ g§JŒ{hV/d{hV/
àg§ñH¥ V gmar OmZH mar/{ddaU g_m{hV hmoZr Mm{hE&
• 6 OyZ 2018 H mo [a‹Od© ~¢H Zo ~¢H mo§ Am¡a EZ~rEµ\ gr H mo AñWmB© ê$n go
{Z`V _mnX§S Ho 180 {XZ Ho nümV, 31 _B© 2018 H mo dñVw Ed§ godm
H a(OrEgQr) Ho VhV An§OrH¥ V BH mB©`mo§ g{hV g^r gyú_, bKw Ed§
_Ü`_ B§H mB©`mo§(E_EgE_B©) H mo {X`o JE 250 {_{b`Z VH Ho CZHo Hw b
EŠgnmoOa H mo ""ñQ¢SS©'' AmpñV Ho ê$n _o§ dJr©H¥ V H aZo H$s AZw_{V Xr&
• [aOd© ~¢H Zo 19 OyZ 2018 H mo àmW{_H Vm àmßV joÌmo§ Ho A§VJ©V Amdmg
G$Umo§ H$s nmÌVm g§emo{YV H a _hmZJar` Ho ÝÐmo§ (10 bmI Ed§ A{YH
Am~mXr dmbo) _o§ 35 bmI Ed§ AÝ` Ho ÝÐmo§ _o§ 25 bmI H a Xr ~eVo©
_hmZJar` Ed§ AÝ` Ho ÝÐmo§ na Amdmgr` BH mB© H m Hw b _yë` HŒ _e:
45 bmI Ed§ 30 bmI go A{YH Zht hmoZm Mm{hE&
• _m§J S—mâQmo§ (SrSr) Ûmam ^wJVmZ Ho ~oZm_r hmoZo Ed§ CZHo YZ emoYZ hoVw
g§^m{dV Cn`moJ go g§~§{YV _wÔmo§ Ho {ZXmZ hoVw , [a‹Od© ~¢H Zo 12 OwbmB©
2018 H mo `h V` {H m {H OmarH Vm© ~¢H Ûmam _m§J S—mâQ, no-Am°S©a,
~¢H g© MoµH Am{X na IarXXma H m Zm_ A§{H V {H m Om`o&
• 21 {gV§~a 2018 H mo [a‹Od© ~¢H Zo g^r AZwgy{MV dm{UpÁ`H ~¢H mo§
(joÌr` JŒm_rU ~¢H mo§ Ed§ bKw {dÎm ~¢H mo§ H mo Nmo‹S H a) H mo àmW{_H Vm àmßV
AmpñV`mo§ Ho {Z_m©U hoVw d¡gr Tm§MmJV _hËdnyU© O_m ñdrH ma Zht H aZo
dmbr J¡a-~¢qH J {dÎmr` H§ n{Z`mo§ (EZ~rEµ\ gr-EZSr-EgAmB©) (AmJo
EZ~rEµ\ gr Ho Vm¡a na g§X{^©V) Ho gmW H m_ H aZo Ho {ZXo©e {X`o&
• Am§V[aH bmoH nmb `moOZm 2018 Ho VhV, 10 go A{YH ~¢H Ho ÝÐmo§ dmbo
g^r AZwgy{MV dm{UpÁ`H ~¢H mo§ (joÌr` JŒm_rU ~¢H mo§ H mo Nmo‹SH a) H mo
CZHo ~¢H _o§ Am§V[aH bmoH nmb {Z`wº H aZm h¡&
• Zd§~a 15, 2018 H mo [a‹Od© ~¢H Zo ~¢H m§o H mo [a`b QmB_ JŒm¡g
goQb_o§Q (AmaQrOrEg) àUmbr Ho VhV {Z{Y`mo§ Ho àofH mo§ H mo {Z{Y A§VaU
Ho nyam hmo OmZo Ho g§X^© _o§ EH gH mamË_H nwpîQ ào{fV H aZo H m {ZXo©e
{X`m h¡&
39ANNUAL REPORT 2018-19
• With a view to enhance credit discipline among the larger borrowers enjoying working capital facility from the banking system, the RBI on December 5, 2018 issued the “Guidelines on Loan System for Delivery of Bank Credit”.
• The RBI on December 5, 2018, decided to implement an ‘Ombudsman Scheme for Digital Transactions’ covering services provided by entities falling under RBI’s regulatory jurisdiction. The Scheme came into force from January 31, 2019.
• The RBI on December 5, 2018 extended the benefi t of limiting customer liability for unauthorised electronic transactions involving Prepaid Payment Instruments (PPIs) issued by other entities not covered by the existing guidelines on the subject. Earlier, instructions were issued on limiting customer liability in respect of unauthorised electronic transactions involving banks and credit card issuing NBFCs.
• The RBI on January 1, 2019 issued guidelines on restructuring of advances to Micro, Small and Medium Enterprises (MSMEs). As per the guidelines, lenders will be allowed a one-time restructuring of existing loans to MSMEs that are in default but ‘standard’ as on January 1, 2019, without an asset classifi cation downgrade. To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed `250 million as on January 1, 2019.
• The RBI on January 10, 2019, decided to defer the implementation of the last tranche of 0.625% of Capital Conservation Buffer (CCB) from March 31, 2019 to March 31, 2020. Accordingly, minimum capital conservation ratios, as applicable from March 31, 2018 will also apply from March 31, 2019 till the CCB attains the level of 2.5% on March 31, 2020.
• With a view to providing operational freedom to banks in raising bulk deposits, the RBI on February 22, 2019 revised the defi nition of bulk deposits as single rupee deposits of `2 crore and above; and henceforth banks shall maintain their bulk deposit interest rate cards in the core banking system for supervisory review.
• With a view to facilitating the fl ow of credit to well-rated Non-Banking Financial Companies (NBFCs), RBI has decided that rated exposures of banks to all NBFCs, excluding Core Investment Companies (CICs), would be risk-weighted as per the ratings assigned by accredited rating agencies, in a manner similar to that for corporates. Exposures to CICs will continue to be risk-weighted at 100%.
• ~¢qH J àUmbr go H m`©erb ny§Or gw{dYm boZo dmbo ~‹So CYmaH Vm©Amo§ _o§
G$U AZwemgZ ~‹TmZo Ho X¥pîQH moU go [a‹Od© ~¢H Zo 5 {Xg§~a 2018 H mo
""~¢H H µO© àXmZ H aZo H$s G$U àUmbr na {Xem{ZXo©e '' Omar {H E&
• Ama~rAmB© Zo 5 {Xg§~a 2018 H mo ""{S{OQb boZXoZmo§ Ho {bE bmoH nmb
`moOZm'' H mo bmJy H aZo H m {ZU©` {b`m Omo [a‹Od© ~¢H Ho {Z`m_H
joÌm{YH ma Ho A§VJ©V AmZo dmbr g^r BH mB©`mo§ Ûmam àXÎm godmAmo§ na
bmJy hmoJr& `h `moOZm 31 OZdar 2019 go à^md _o§ Am`r&
• Ama~rAmB© Zo 5 {Xg§~a 2018 H mo AÝ` BH mB©`mo§ Omo dV©_mZ {Xem{ZXoemo§
_o§ em{_b Zht Wt, Ûmam Omar àrnoS ^wJVmZ CnH aUmo§ (nrnrAmB©) g{hV
AZ{YH¥ V B©boŠQ—m°{ZH boZXoZmo§ na JŒmhH mo§ H$s Xo`VmAmo§ H mo gr{_V {H m
h¡& Bg go nhbo ~¢H Ed§ HŒo {SQ H mS© Omar H aZo dmbr EZ~rEµ\ gr go
g§~pÝYV AZ{YH¥ V boZXoZmo§ na JŒmhH Xo`VmE§ gr{_V H aZo hoVw {ZXo©e
Omar {H E JE Wo&
• Ama~rAmB© Zo 1 OZdar 2019 H mo gyú_, bKw Ed§ _Ü`_ B§H mB©`mo§
(E_EgE_B©) H mo {X`o JE G$Umo§ H$s nwZgªaMZm hoVw {Xem{ZXo©e Omar
{H E& {Xem{ZXo©emo§ Ho AZwgma, CYmaH Vm©Amo§ H mo dV©_mZ E_EgE_B©
G$Umo§ H mo EH ~ma nwZgªa{MV H aZo H$s AZw_{V hmoJr Omo A^r MyH _o§ h¢
{H ÝVw AmpñV dJr©H aU H mo {~Zm H$_ {H E 01 OZdar 2019 H mo ñQ¢SS©
Wo& Bg `moOZm H$s nmÌVm hoVw, EH CYmaH Vm© H mo ~¢H mo§ Ed§ EZ~rEµ\ gr
H m J¡a-{Z{Y AmYm[aV Hw b EŠgnmoOa {XZm§H 01 OZdar 2019 H mo
250 {_{b`Z én`o go A{YH Zht hmoZm Mm{hE&
• 10 OZdar 2019 H mo ^maVr` [a‹Od© ~¢H Zo ny§Or g§ajU ~\ a
(grgr~r) Ho 0.625% Ho Am{Iar I§S H mo bmJy H aZo {V{W 31 _mM©
2019 go 31 _mM© 2020 VH AmñW{JV H$s& VXZwgma 31 _mM©, 2018
go bmJy Ý`yZV_ ny§Or g§ajU AZwnmV hr A~ 31 _mM©, 2019 go bmJy
hmoJm O~ VH {H grgr~r 31 _mM©, 2020 H mo 2.5% Ho ñVa VH Zht
AmVm h¡&
• Ama~rAmB© Zo ~¢H mo§ H mo {Z{Y g§JŒhU Ho {bE A{YH n[aMmbZmË_H
ñdVÝÌVm XoZo Ho CÔoí` go 22 \ adar 2019 go ~¢H mo§ H$s WmoH O_m
H$s gr_m H mo EH _wíV 2 H amo‹S Ed§ A{YH H aZo H m {ZU©` {b`m h¡ Ed§
^{dî` _o§ n`©dojr g_rjmAmo§ Ho {bE ~¢H mo§ H mo AnZm WmoH O_m ã`mO
Xa H mS© H moa ~¢qH J {gñQ_ _o§ aIZm hmoJm&
• ~ohVa AmH bZ dmbo EZ~rEµ\ gr H mo G$U àXmZ H aZo H$s gw{dYm hoVw
Ama~rAmB© Ûmam {ZU©` {b`m J`m {H H moa {Zdoe H§ n{Z`mo§ (grAmB©gr)
g{hV g^r EZ~rEµ\ gr H mo ~¢H mo§ Ho AmH {bV EŠgnmoOa H mo H mnmo©aoQ²g
Ho g_mZ hr _mÝ`Vm àmßV aoqQJ EOo§{g`mo§ Ûmam {X`o JE aoqQJ Ho AmYma
na Omo{I_ ^m[aV {H m OmEJm& grAmB©gr H mo {X`o JE EŠgnmoOa H$s
Omo{I_ ^m[aV 100% ahoJr &
40
• The RBI, keeping in view the overall infl ation and rise in agriculture input cost since 2010, decided to raise the limit for collateral free agricultural loans from the existing level of 1 lakh to 1.6 lakh. Accordingly, banks were asked to waive margin requirements for agriculture loans up to 1.6 lakh. Announcement to this effect was made in the Statement on Developmental and Regulatory Policies of the Sixth Bi-Monthly Monetary Policy Statement on February 7, 2019.
• The RBI on March 22, 2019 decided to defer the implementation of Indian Accounting Standards (IndAS) till further notice, keeping in view, the level of preparedness of many banks.
2. Macro-Economic Scenario in 2018-19
As per the Provisional estimates of national income, the growth rate of GDP at constant (2011-12) prices for the fi nancial year 2018-19 is estimated at 7.0% as compared to the growth rate of 7.2% in 2017-18. At the sectoral level, the growth rate of gross value added (GVA) at constant (2011-12) prices for agriculture & allied sectors, industry and services sectors for the year 2018-19 are estimated at 2.7%, 7.2%, and 7.6% respectively.
The index of industrial production (IIP) showed a lower growth of 3.6% during April-March 2018-19 compared with growth of 4.4% growth in the corresponding period of 2017-18. As per the use-based classifi cation, the growth during April-March 2018-19 for primary goods, capital goods, intermediate goods and infrastructure/construction goods stood at 3.5%, 2.8%, -0.6% and 7.5% respectively. The consumer durables and consumer non-durables have recorded a growth of 5.3% and 3.8% respectively. As per the sector wise classifi cation, mining, manufacturing and electricity sector registered a growth of 2.9%, 3.5% and 5.2% respectively during April-March 2018-19.
Retail infl ation, based on Consumer Price Index (CPI), averaged 3.43% during FY19, lower than 3.58% infl ation seen during 2017-18. Infl ation based on Wholesale Price Index (WPI) averaged 4.27% during FY19, higher than the 2.92% infl ation seen in the corresponding period for 2017-18.
India’s cumulative value of exports during 2018-19 was $331.02 billion as against $303.53 billion during 2017-18, registering a growth of 9.06% over the previous year. The value of imports for the period April-March 2018-19 was $507.44 billion as against $465.58 billion during 2017-18, registering a growth of 8.99% over the same period last year. The trade defi cit for
• 2010 go H¥ {f bmJV _o§ d¥{Õ VWm Hw b _wÐmñ\ r{V H mo Ü`mZ _o§ aIVo hwE,
[aOd© ~¢H$Zo, H moboQab _wº G$U H$s gr_m H mo 1 bmI go én`o 1.6 bmI
VH ~‹TmZo H m {ZU©` {b`m h¡& VXZwgma, ~¢H mo§ go én`o 1.6 bmI VH Ho
H¥ {f G$U Ho {bE Amdí`H _m{O©Z H mo _m\ H aZo H mo H hm J`m & Bggo
g§~§{YV KmofUm 7 \ adar 2019 H mo Am`mo{OV NRr {Û_m{gH _m¡{ÐH
Zr{V g_rjm H$s {dH mgmË_H Am¡a {Z`m_H Zr{V`mo§ na {ddaU _o§ H$s
J`r&
• Ama~rAmB© Zo 22 _mM© 2019 H mo {d{^Þ ~¢H mo§ _o§ V¡`mar H mo Ü`mZ _o§ aIVo
hwE ^maVr` boIm _mZH mo§ (AmB©EZSrEEg) H mo bmJy {H m OmZm AJbr
gyMZm VH AmñW{JV H a {X`m h¡&
2. 2018-19 _o§ d¥hÎma {dÎmr` n[aX¥í`:
amîQ—r` Am` Ho AñWmB© AmH bZ Ho AZwgma, {dÎm df© 2017-18 H$s 7.2%
H$s d¥{Õ Xa Ho gmnoj {dÎm df© 2018-19 Ho {bE (2011-12) Ho pñWam§H
_yë`na OrSrnr H$s d¥{Õ Xa H mo 7.0% na AmH {bV {H m h¡& (2011-12)
Ho pñWam§H _yë`na H¥ {f Ed§ ghH mar joÌmo§, CÚmoJmo§ Ed§ godm joÌmo§ Ho {bE
gH b _yë`dY©Z H$s d¥{Õ Xa 2018-19 Ho {bE HŒ _e: 2.7%,7.2% VWm
7.6% AmH {bV H$s J`r h¡&
2017-18 H$s g_mZ Ad{Y Ho {bE 4.4% H$s d¥{Õ Xa Ho gmnoj df©
2018-19 Ho Aà¡b-_mM© Ho Xm¡amZ Am¡Úmo{JH$ CËnmXZ gyMH m§H
(AmB©AmB©nr) _o§ H _Va d¥{Õ Xa {XImVo hwE 3.6% XµO© hwB©& Cn`moJ AmYm[aV
dJr©H aU Ho AZwgma, Aà¡b-_mM© 2018-19 _o§ àmW{_H dñVwE§, ny§OrJV
dñVwE§, _Ü`dJr© dñVwE§ Ed§ Adg§aMZm/{Z_m©U dñVwAmo§ Ho {bE d¥{Õ Xa
HŒ _e: 3.5%, 2.8%, -0.6% Ed§ 7.5% XµO© H$s J`r& {QH mD$ Cn^moºm
dñVwE§ Ed§ J¡a-{QH mD$ Cn^moŠVm dñVwAmo§ Ho {bE HŒ _e: d¥{Õ Xa 5.3% Ed§
3.8% XµO© H$s J`r& joÌ dma dJr©H aU Ho AZwgma, Aà¡b- _mM© 2018-19
Ho Xm¡amZ IZZ, {d{Z_m©U Ed§ {dÚwV joÌ Ho {bE HŒ _e: 2.9%,3.5% Ed§
5.2% H$s d¥{Õ Xa XµO© H$s J`r&
JŒmhH _yë` gyMH m§H (grnrAmB©) _o§ Am§H$s JB© IwXam _wÐmñ\ r{V {dÎm df©
2019 Ho Xm¡amZ Am¡gVZ 3.43% ahr Omo {H df© 2017-18 Ho Xm¡amZ
H$s 3.58% _wÐmñ\ r{V go H _ h¡ & WmoH _yë` gyMH m§H (SãbynrAmB©) na
AmYm[aV _wÐmñ\ r{V {d.d.19 Ho Xm¡amZ Am¡gVZ 4.27% ahr Omo 2017-18
H$s g§JV Ad{Y Ho Xm¡amZ H$s _wÐmñ\ r{V 2.92% go A{YH Wr &
2018-19 Ho Xm¡amZ ^maV Ho {Z`m©Vmo§ H m g§M`r _yë`, 2017-18 Ho Xm¡amZ
Ho $303.53 {~{b`Z H$s VwbZm _o§ 9.06% H$s d¥{Õ XO© H aVo hwE df©
2018-19 Ho Xm¡amZ $$331.02 {~{b`Z ahm & Am`mVmo§ H m _yë`, Omo {nNbo
df© 2017-18 H$s Bgr Ad{Y Ho Xm¡amZ $$465.58 {~{b`Z Wm, 8.99%
H$s d¥{Õ XO© H aHo Aà¡b-_mM© 2018-19 H$s Ad{Y Ho {bE $$507.44
41ANNUAL REPORT 2018-19
April-March 2018-19 was estimated at $176.42 billion, which was higher than the defi cit of $162.05 billion during April-March 2017-18.
India’s current account defi cit (CAD) increased to 2.6% of GDP in the April-December 2018 period from 1.8% in the corresponding period of 2017-18. As on March 31, 2019, India’s forex reserves stood at US $412.9 billion. The exchange rate of the Indian Rupee vis-à-vis the US dollar had been volatile during FY19. The Rupee touched historical low of `74.4 against US dollar on 09.10.2018 and ended the fi nancial year at `69.1 against US dollar on 29.03.2019.
3. Banking Trends in 2018-19
As per RBI data, Scheduled Commercial Banks (SCBs) credit growth accelerated to 13.2% in FY19 as against a growth of 10.0% of FY18. Outstanding credit stood at `97.67 lakh crore. Deposits of Scheduled Commercial Banks’ (SCBs) grew by 10.0% in FY19 as against 6.2% in FY18, with outstanding deposits of `125.73 lakh crore. The banks’ credit-to-deposit ratio had risen to 77.7% compared to 75.5% a year ago period.
As far as liquidity conditions are concerned, systemic liquidity underwent alternating phases in the fi rst half of 2018-19. During the fi rst half of 2018-19, liquidity conditions were largely in the surplus mode. Accordingly, the weighted average call rate traded generally below the policy repo rate. In the second half of 2018-19, in view of the need to inject durable liquidity warranted by large leakage through currency expansion and forex operations, the RBI conducted 22 open market operation (OMO) purchase auctions aggregating `2,485 billion, taking the total infusion of liquidity through OMOs to `2,985 billion during 2018-19.
As far as the benchmark G-sec yields are concerned, the yield on 10 year benchmark security stood at 7.33% at the beginning of 2018-19, hardened over 8.00% in September 2018 due to high volatility in the movement of Rupee and crude oil prices.
However, yields softened subsequently as the RBI maintained status quo on the policy rate in October 2018, and this downward movement was reinforced by the decline in international crude prices. However, yields shed this softness and spiked by 10 bps on October 9, 2018 as the rupee depreciation sparked fears of a large sell-off by foreign portfolio investors (FPIs). During December 2018, yields on the benchmark paper fell, notwithstanding intermittent hardening because of fears about fi scal slippages on account of the farm relief package and an expected rise in market borrowing during 2019-20. The announcement of
{~{b`Z ahm & Aà¡b-_mM©, 2018-19 Ho {bE ì`mnma KmQm, $176.42
{~{b`Z hmoZo H m AZw_mZ h¡ Omo Aà¡b-_mM©, 2017-18 Ho $$162.05
{~{b`Z Ho KmQo go A{YH h¡ &
^maV H m Mmby ImVm KmQm (grESr), {dÎm df© 2018-19 Ho Xm¡amZ 2017-
18 H$s nyd©dVr© Ad{Y Ho 1.8% Ho gmnoj Aà¡b-{Xg§~a 2018 Ho Xm¡amZ
OrSrnr Ho$ 2.6% VH ~‹T J`m & 31 _mM©, 2019 VH ^maV H$s {dXoer
Ama{jV {Z{Y yEg $412.9 {~{b`Z Wr& yEg Sm°ba Ho gmnoj {d.d.19 Ho
Xm¡amZ ^maVr` énE Ho$ {d{Z_` Xa _o§ CVma-M‹Tmd ahm& én`m 09.10.2018
VH Eo{Vhm{gH ê$n go ZrMo OmVo hwE `yEg Sm°ba Ho {déÕ `74.4 VH nhþ§M
J`m Am¡a {dÎmr` df© Ho A§V 29.03.2019 VH `yEg Sm°ba Ho {déÕ
`69.01 na g_mßV hwAm&
3. 2018-19 _| ~¢qH$J àd¥{Îm`m±
^m[a~¢ Ho$ Am§H$‹S>mo Ho$ AZwgma AZwgy{MV ì`mdgm{`H$ ~¢H$mo (Eggr~r) Ho$ F$U _| d¥{Õ {dÎmr` df© 18 Ho$ 10.0% Ho$ _wµH$m~bo {dÎmr` df© 19 _| ~‹T>H$a 13.2% ahr& ~H$m`m F$U `97.67 bmI H$amo‹S> hmo J`m& AZwgy{MV ì`mdgm{`H$ ~¢H$mo (Eggr~r) H$s O_mAm| Zo `125.73 bmI H$amo‹S> H$s ~H$m`m O_mAm| Ho$ gmW {dÎm df© 18 H$s 6.2 % H$s VwbZm _| {dÎm df© 19 _| 10.0% H$s Xa go d¥{Õ H$s & ~¢H$ H$m F$U O_m AZwnmV EH$ df© nyd© Ho$ 75.5% go ~‹T>H$a 77.7% hmo J`m h¡&
Ohm± VH$ VabVm H$m g§~§Y h¡ 2018-19 H$s nhbr N>_mhr _| àUmbrJV VabVm ~Xbmd Ho$ Xm¡a go JwOar& 2018-19 H$s nhbr N>_mhr Ho$ Xm¡amZ VabVm H$s pñW{V H$m\$s hX VH$ A{Yeof H$s AdñWm _| Wr& VXZwgma ^m[aV Am¡gV H$m°b Xa gm_Ý`V`m nm°{bgr aonmo aoQ> go ZrMo H$mamo~ma H$aVr ahr& 2018-19 H$s Xÿgar N>_mhr _|, _wÐm {dñVma Ed§ {dXoer _wÐm boZXoZm| Ûmam ~‹S>o [agmd H$mo amoH$Zo H$mo Ü`mZ _| aIZo Ho$ _ÔoZOa VabVm H$mo pñWa H$aZo Ho$ {bE ^m[a~¡§ Zo 22 AmonZ _mH}$Q> `2,485 {~{b`Z H$s 22 AmonZ _mH}$Q> n[aMmbZ (AmoE_Amo) IarX {Zbm_r H$aVo hþE 2018-19 Ho$ Xm¡amZ AmoE_Amo Ho$ Ûmam `2,985 {~{b`Z H$s VabVm S>mbr&
Ohm§ VH$ ~|M_mH©$ Or-goH$ à{V\$b H$m g§~§Y h¡ 10 dfm] Ho$ ~|M_mH©$ {gŠ`y[aQ>r na à{V\$b 2018-19 H$s ewéAmV _| 7.33% ahr Omo {gV§~a 2018 _| én`o Am¡a H$ƒo Vob H$s H$s_Vm| _| Cƒ ApñWaVm Ho$ H$maU 8% go A{YH$ hmo JB©&
hmbm§{H$ ~mX _| à{V\$b _| Za_r AmB© Š`m|{H$ Aºy$~a 2018 _| Ama~rAmB© Zo Zr{VJV Xa `WmpñW{V ~ZmE aIr Am¡a Bg {JamdQ> H$s pñW{V H$mo A§Vam©ï´>r` H«y$S> H$s H$s_Vm| _| {JamdQ> go _O~yV {H$`m J`m& hmbm§{H$ 9 Aºy$~a, 2018 H$mo à{V\$b _| 10 ~rnrEg H$m CN>mb Am`m Š`mo{H$ ê$n`o _| {JamdQ> Ho$ H$maU {dXoer nmoQ>©\$mo{b`m| {ZdoeH$m|(E\$nrAmB©) Ûmam ~‹S>r {~H$dmbr H$s Ame§H$m OVmB© JB©& 2019-20 Ho$ Xm¡amZ ~mOma CYma _| Ano{jV CN>mb Ed§ H¥${f amhV n¡Ho$O Ho$ H$maU {dÎmr` MyH$m| Ho$ ^` Ho$ H$maU ~rM -~rM _| CËnÞ {df_ n[apñW{V`m| Ho$ H$maU {Xg§~a 2018 Ho$ Xm¡amZ nona ~|M_mH©$ Ho$
42
additional borrowing of `1,390 billion for 2019-20 over and above the revised estimate of 2018-19 in the Interim Budget 2019-20 led to a fi rming up of the yield on the benchmark paper (7.26% GS 2029) to 7.38% Nevertheless, the reduction in the repo rate by the Reserve Bank in February 2019, which was unanticipated by the market, and the downward revision of the projected infl ation trajectory for April to September 2019 resulted in a decline in the benchmark yield subsequently and ending at 7.32% as on 28th March, 2019.
4. Bank’s Operational Performance
4.1 Deposit Mobilisation
i. The total deposits of the bank including Certifi cate of Deposits (CDs) and Bank Deposits reached a level of `1,84,567.84 crore as at 31st March, 2019, registering year-on-year increase of `1,251.89 crore at 0.68%.
ii. Current deposit stood at `16,199.76 crore as against `14,698.71 crore in the previous year.
iii. Saving deposit reached `42,106.72 crore as against `39,424.41 crore in the previous year with net accretion of `2,682.31 crore at 6.8% y-o-y growth. Average saving deposit grew by 3.9% with a net accretion of `1,496.55 crore and stood at `39,913.26 crore.
iv. The share of CASA deposits in total deposits improved to 31.59% as on 31.03.2019 as compared to 29.52% as on 31.03.2018.
v. Average CASA grew by 1.10% with a net accretion of `557.60 crore and stood at `51081.19 crore.
vi. Term deposits reached level of `1,26,261.37 crore as compared to `1,29,192.83 crore in the previous year.
vii. Bulk deposits (Term deposits of `2 Cr. & above) stood at `44,170.16 crore as against `45,215.73 crore with decrease of 2.13%. The Share of Bulk deposits in total deposits stood at 23.93% compared to 24.67% in the previous year.
viii. Cost of Deposit for 2018-19 stood at 5.40% as against 5.74% during 2017-18.
4.2 Credit Growth:
4.2.1 The credit portfolio of the Bank increased from the level of `1,19,868.84 crore as at 31.03.2018 to `1,21,251.21 crore as at 31.03.2019, with an absolute increase of `1,382.37 crore at 1.15% during the fi nancial year ended 31.03.2019.
à{V\$b _| {JamdQ> AmB©& 2019-20 Ho$ A§V[a_ ~OQ> _| 2018-19 Ho$ {bE g§emo{YV AmH$bZ go Á`mXm A{V[aº$ CYma `1,390 {~{b`Z H$s KmofUm Ho$ H$maU nona ~|M_mH©$ (7.26% OrEg 2029) Ho$ à{V\$b _| 7.38% H$s _O~yVr AmB© h¡& {\$a ^r \$adar 2019 _| [aOd© ~¢H$ Ûmam aonmo aoQ> _| H$_r go Omo {H$ ~mOma Ho$ {bE AàË`m{eV Wm Am¡a Aà¡b go {gV§~a 2019 Ho$ {bE AZw_m{ZV _wÐmñ\$s{V AZw_mZ _| g§emo{YV {JamdQ> Ho$ n[aUm_ñdê$n ~|M_mM© _| {JamdQ> AmB© Am¡a ~mX _| 28 _mM©, 2019 H$mo 7.32% na g_má hþB©&
4. ~¢H H m n[aMmbZJV {ZînmXZ
4.1 O_m g§JŒhU
i. O_m à_mUnÌ (grSr) Ed§ ~¢H O_m g{hV ~¢H H$s Hw b O_mam{e`m±, 31 _mM©, 2019 H mo `1,84,567.84 H amo‹S Wt {OZ_o§ df©-Xa-df© AmYma na 0.68% H$s Xa go `1,251.89 H amo‹S H$s d¥{Õ hwB© &
ii. Mmby O_mam{e`m± {nNbo df© Ho `14,698.71 H amo‹S H$s VwbZm _o§ `16,199.76 H amo‹S Ho ñVa na aht&
iii. ~MV O_mam{e`m± {nNbo df© Ho `39,424.41 H amo‹S Ho ñVa go `2,682.31 H amo‹S H$s {Zdb d¥{Õ Ho gmW df©-Xa-df© AmYma na 6.8% H$s d¥{Õ Ho gmW `42,106.72 H amo‹S VH nhw±Mt&
iv. Hw b O_m am{e`mo§ _o§ 31.03.2018 Ho 29.52% Ho _wµH m~bo 31.03.2019 H mo H mgm O_m am{e`mo§ H m {hñgm ~T>H$a 31.59% ahm &
v. Am¡gV H mgm 1.10% H$s d¥{Õ Xa Ho gmW `557.60 H amo‹S ~‹TVo hwE
`51081.19 H amo‹S hmo J`m&
vi. _r`mXr O_m am{e`m± {nNbo df© Ho `1,29,192.83 H amo‹S H$s VwbZm _o§ `1,26,261.37 H amo‹S Ho ñVa na nhw±M JB©§ &
vii. WmoH O_m am{e`m± (`2 H amo‹S> Ed§ Cggo A{YH Ho {_`mXr O_m)
`45,215.73 H amo‹S Ho _wµH m~bo 2.13% H _ hmoH a `44,170.16
H amo‹S aht & Hw b O_m _o§ WmoH O_m H m {hñgm {nNbo df© Ho 24.67%
H$s VwbZm _o§ 23.93% ahm &
viii. 2018-19 hoVw O_m am{e`mo§ H$s bmJV 2017-18 Ho 5.74% Ho$ _wH m~bo 5.40% ahr &
4.2 G$U g§d¥{Õ
4.2.1 ~¢H H m G$U g§{d^mJ 31.03.2018 Ho `1,19,868.84 H amo‹S go 31.03.2019 H mo g_mßV {dÎm df© Ho Xm¡amZ 1.15% H$s Xa go `1,382.37 H amo‹S H$s d¥{Õ Ho gmW 31.03.2019 H mo `1,21,251.21
H amo‹S ahm &
43ANNUAL REPORT 2018-19
4.2.2. The average advances shrink by `12,287.00 crore from the level of `1,28,797.58 crore as at March 2018 to `1,16,510.58 crore as at March 2019, registering a negative growth of 9.54%. The CD ratio as on 31.03.2019, stood at 65.69%.
4.3 Priority Sector Lending
4.3.1 Sectorial Deployment:
The total amount of credit deployed to Priority sector stood at `63247 crore as at 31.3.2019, forming 43.82% of the Adjusted Net Bank Credit [ANBC] as against the regulatory target of 40% of ANBC fi xed by RBI.
Bank’s performance vis-à-vis regulatory target is furnished in the table below:
Parameter
Achievement as at Mar-19 with RIDF (in `Crs.)
Targets Stipulated by
RBI (as% of ANBC)
Achievement as at Mar-19
(% to ANBC)
Total Priority Sector 63247 40% 43.82Total Agriculture 25807 18% 18.55SF/MF 13562 8% 9.87Micro Enterprises 10736 7.50% 6.98Credit Flow to Weaker Section
17058 10% 12.60
4.2.2 Am¡gV A{JŒ_mo§ _o§ `12,287.00 H amo‹S H$s {JamdQ hwB© Omo _mM© 2018 Ho `1,28,797.58 H amo‹S go 9.54% H$s õmg Xa Ho$ gmW _mM© 2019 H mo 1,16,510.58 H amo‹S hmo JE& 31.03.2018 H mo G$U-O_m AZwnmV 65.69% ahm&
4.3 àmW{_H Vm àmßV joÌ G$U 4.3.1 joÌJV A{^{Z`moOZG$U Ho ê$n _o§ àmW{_H Vm àmßV joÌ _o§ A{^{Z`mo{OV Hw b am{e 31.03.2019 H mo `63247 H amo‹S ahr Omo g_m`mo{OV {Zdb ~¢H G$U Ho 40% Ho ^maVr` [aµOd© ~¢H Ho _mZX§S Ho _wH m~bo g_m`mo{OV {Zdb ~¢H G$U H m 43.82% ahm&
{Z`m_H bú`mo§ Ho gmnoj ~¢H H m {ZînmXZ Vm{bH m _o§ d{U©V h¡:
_mZX§S_mM©-19 H mo AmaAmB©SrE\ Ho gmW àmpßV(`H amo‹Smo§ _o§)
^m[a~§¡ Ûmam {ZYm©[aV
bú`(EEZ~rgr H m%)
_mM©-19 H mo àmpßV (EEZ~rgr
H m%)
Hw b àmW{_H Vm joÌ 63247 40% 43.82
Hw b H¥ {f 25807 18% 18.55
EgE\ /E_E\ 13562 8% 9.87
gyú_ CÚ_ 10736 7.5% 6.98
H _Omoa joÌ H mo G$U àdmh
17058 10% 12.60
G$U O_m AZwnmV
àmW{_H$Vm àmßV joÌ G$U
_mM© 15 _mM© 16 _mM© 17 _mM© 18 _mM© 19
_mM© 15 _mM© 16 _mM© 17 _mM© 18 _mM© 19
44
Credit extended to Agriculture sector stood at `25807 crore as at March 2019, amounting to 18.55% of ANBC as at March 2019 as against a level of 17.94% of ANBC as at March 2018.
Bank surpassed the Agri. credit disbursement target set by Government of India during FY 2018-19 Under Special Agriculture Credit Plan (SACP), the Bank has disbursed `16640 crore during the year 2018-19 against the disbursement target of `14529 crore (115% achievement).
Lending to Small and Marginal farmers has reached a level of `13562 crore, achieving the regulatory target of 8% of ANBC by reaching a level of 9.87% of ANBC as at March 2019.
RuPay Kisan Credit cards (ATM-enabled) were issued to over 2.81 lakh Kisan Credit Card (KCC) borrowers as at 31st March, 2019 as a part of digital banking initiative.
The Bank’s thrust for lending to the MSME sector has continued. During the FY 2018-19, the MSME portfolio of the Bank stood at `25986 crore as at 31st March, 2019 and the advances under Micro Enterprises stood at `10736 crore accounting to 6.98% of ANBC as against the regulatory target of 7.50% of ANBC.
Bank has sanctioned `1,858 cr. and disbursed `1,802 cr. under Pradhan Mantri Mudra Yojana during FY 2018-19.
Our Bank has on boarded PSB loans in 59 minutes platform on 03.10.2018, with Term Loan and Working Capital products for loan amount from `1 lakh to `100 lakh to the GST registered customers. As up to 31st March 2019, 769 in-principle sanctions are accorded amounting to `208.25 cr.
4.4 Social Lending:
Dispensation of Credit under various Government Sponsored Social Lending/Poverty Alleviation Schemes and to Weaker sections of the society was given due importance so as to fulfi ll the Bank’s socio- economic obligations.
The total credit fl ow to Self Help Groups (SHGs) & Joint liability Groups (JLGs) has increased from `2499 crore as at 31.03.2018 to `2636 crore as at 31.03.2019 by registering a growth of `137 crore. Bank encouraged direct lending to Women Self Help Groups. Credit to Women Self Help Groups (SHGs) & Joint liability Groups (JLGs) stood at `2236 crore as at 31.03.2019 compared to `2172 crore as at 31.03.2018 with a growth of `64 crore.
Advances to Weaker sections stood at `17058 crore forming 12.60% of ANBC as at 31.03.2019 as against the target of 10% of ANBC.
_mM© 2019 H mo H¥ {f joÌ _o§ A{^{Z`mo{OV G$U `25807 H amo‹S ahm Am¡a
_mM© 2018 Ho EEZ~rgr Ho 17.94% Ho$ gmnoj 2019 H$o EEZ~rgr H m
18.55% hmo J`m&
~¢H Zo ^maV gaH ma Ûmam {dÎm df© 2018-19 Ho {bE {deof H¥ {f G$U
`moOZm (EgEgrnr) _o§ H¥ {f G$U g§{dVaU bú` H mo nma {H m h¡, ~¢H Zo df©
2018-19 Ho `14529.00 H amo‹S Ho g§{dVaU bú` Ho$ gmnoj `16640
H amo‹S (115% CnbpãY) H m g§{dVaU {H m &
bKw Am¡a gr_m§V {H gmZmo§ H mo G$U _o§ `13562 H amo‹S H m ñVa àmßV {H m h¡
Am¡a _mM© 2019 _o§ EEZ~rgr Ho 8% Ho {Z`m_H bú` Ho _wµH m~bo EZ~rgr
Ho 9.87% H m ñVa àmßV H a {b`m h¡ &
{S{OQb ~¢qH J nhb Ho {hñgo Ho Vm¡a na _mM© 2019 VH 2.81 bmI {H gmZ
HŒo {SQ H mS© (Ho grgr) CYmaH Vm©Amo§ H mo éno {H gmZ HŒo {SQ H mS© (EQrE_
g_W©) Omar {H E JE &
E_EgE_B© joÌ H mo G$U na ~¢H H m µOmoa XoZm Omar ahm & {dÎm df© 2018-19
Ho Xm¡amZ ~¢H H m E_EgE_B© nmoQ©\ mo{b`mo 31 _mM© 2019 H mo `25986 H amo‹S
ahm & gyú_ CÚ_mo§ H mo {X`m J`m G$U 31 _mM© 2019 H mo `10736 H amo‹S ahm
Am¡a `h EEZ~rgr Ho 7.50% Ho {Z`m_H bú` Ho _wµH m~bo EEZ~rgr H m
6.98% ahm &
~¢H Zo 2018-19 Ho Xm¡amZ àYmZ _§Ìr _wÐm n[a`moOZm Ho VhV
`1,858 H amo‹S _§Oya Am¡a 1,802 H amo‹S én`o g§{dV[aV {H E h¢&
h_mao ~¢H Zo 03.10.2018 H mo 59 {_ZQ Ho ßboQµ\ m°_© na nrEg~r G$Umo§ H mo
ñdrH maZm àmaå^ {H m h¡, {Og_o§ OrEgQr n§OrH¥ V JŒmhH mo§ Ho {bE `1 bmI
go 100 bmI VH H$s G$U am{e Ho {bE gmd{Y G$U Am¡a H m`©erb ny§Or
CËnmX h¢& 31 _mM© 2019 VH , 208.25 H amo‹S H$s am{e Ho 769 g¡Õm§{VH
AZw_moXZ {X`o JE h¢&
4.4 gm_m{OH G$U
~¢H Ho gm_m{OH Am{W©H Xm{`Ëd nyam H aZo Ho {bE gaH ma Ûmam àm`mo{OV
{d{^Þ gm_m{OH G$U/Jar~r CÝ_ybZ `moOZmAmo§ VWm g_mO Ho H _µOmoa dJmoª
H mo G$U Ho {dVaU H mo n`m©ßV _hËd {X`m J`m &
ñd`§ ghm`Vm g_yh (EgEMOr) Am¡a g§`wº Xm{`Ëd g_yh (OoEbOr) H mo G$U
àdmh 31.03.2018 Ho `2499 H amo‹S go `137 H amo‹S H$s d¥{Õ XO© H a
31.03.2019 H mo `2636 H amo‹S hmo J`m & ~¢H Zo _{hbm ñd`§ ghm`Vm
g_yhmo§ H mo àmoËgm{hV {H m h¡ & _{hbm ñd`§ ghm`Vm g_yh (EgEMOr) Am¡a
g§`wº Xm{`Ëd g_yh (OoEbOr) H mo Hw b G$U 31.03.2018 Ho `2172
H amo‹S go `64 H amo‹S H$s d¥{Õ Ho gmW 31.03.2019 H mo `2236 H amo‹S hmo
J`m &
H _Omoa dJ© H mo G$U EEZ~rgr Ho 10% Ho bú` Ho gmnoj EEZ~rgr Ho
12.60% Ho ñVa na 31.03.2019 H mo `17058 H amo‹S ahm &
45ANNUAL REPORT 2018-19
Finance to women benefi ciaries stood at `11571 crore as at 31.3.2019 (8.55% of ANBC) as against `11416 crore as at 31.03.2018 and registered Y-o-Y growth of `155 crore.
As at 31.03.2019, out of the Total Priority Sector credit of `63247 crore, the outstanding credit to Scheduled Caste/ Scheduled Tribe is `1300 crore.
Credit exposure to minority Communities stood at 7484 crore and reached a level of 13.06% of Priority Sector advances as at March 2019.
4.5 Awards & accolades:Bank has won following awards during the fi nancial year 2018-19:
1. Bank has bagged 3 awards instituted by Chamber of Indian Micro Small & Medium Enterprises [CIMSME] consecutively for the 5th year in a row under the following categories:
I. Best MSME Bank Award - Runner up (Emerging Category).
II. CSR Initiatives & Business Responsibility Award - Winner (Emerging Category).
III. Best Bank for Promotional Schemes Award - Runner up (Emerging Category).
2. Bank has bagged “BEST MSME BANK-WINNER 2018” award during 6th ASSOCHAM SMEs Excellence Award – 2018 instituted by The Associated Chambers of Commerce & Industry of India (ASSOCHAM).
4.6. Retail Lending
Tailor made retail loans viz. housing, vehicle, education, personal loans, small business loans, etc. are marketed under the brand name “Corp Schemes”. The portfolio under Corp Schemes as on 31.03.2019 stood at `26244 crore as against `28912 crore as on 31.03.2018. There is a decline of `2668 crore (-9.2%) during FY 2018-19 as against negative growth of `727 crore (-2.5%) registered during FY 2017-18.
4.6.1. Special promotional campaigns/events conducted during the year are :
“Festival Offer – 2018 [FO-2018]”, a promotional campaign was in operation from 01.08.2018 to 31.12.2018 wherein concessions in interest rate and waiver/concessions in processing charges were offered under Select Corp Schemes.
Housing Loan Dhamaka 2019: The campaign was introduced from 05.02.2019 to 08.03.2019 exclusively for
31.03.2018 Ho `11416 H amo‹S H$s VwbZm _o§ 31.03.2019 H mo _{hbm
bm^m{W©`mo§ H mo {dÎmnmofU `11571 H amo‹S (EEZ~rgr H$m 8.55%) ahm Am¡a
Bg_o§ `155 H amo‹S H$s df©-Xa-df© d¥{Õ XO© hwB© &
31.03.2019 H mo àmW{_H Vm àmßV joÌ Ho Hw b `63247 H amo‹S G$U _o§
AZwgy{MV Om{V`mo§/AZwgy{MV OZOm{V`mo§ H mo ~H m`m G$U `1300 H amo‹S h¡&
_mM© 2019 H mo Aëng§»`H g_wXm` H mo G$U EŠgnmoOa `7484 H amo‹S Ho
ñVa na nhw±M J`m Omo àmW{_H Vm àmßV joÌ A{JŒ_mo§ H m 13.06% h¡&
4.5 nwañH ma Ed§ gå_mZ :
~¢H Zo {dÎm df© 2018-19 Ho Xm¡amZ {ZåZ{b{IV nwañH ma àmßV {H E :
1. ~¢H Zo bJmVma 5do§ df© M¢~a Am°\ B§{S`Z _mBHŒ mo ñ_mb E§S _r{S`_
B§QaàmBOoµO (grAmB©E_EgE_B©) Ûmam {ZåZm§{H V lo{U`mo§ _o§ 3 nwañH ma
àmßV {H o :
I. gd©loîR E_EgE_B© ~¢H nwañH ma - Cn{dOoVm (B©_qO©J loUr)
II. grEgAma nhb Ed§ ì`mnma Xm{`Ëd nwañH ma- {dOoVm (B©_qO©J
loUr)
III. àmo_moeZb `moOZmAmo§ hoVw gd©loîR ~¢H nwañH ma - Cn{dOoVm
( B©_qO©J loUr)
2. NRo EgmoM¡_ EgE_B© gd©loîRVm nwañH ma - 2018 Ho Xm¡amZ
~¢H Zo Egmo{gEQoS Moå~g© Am\ H m_g© EÊS B§SñQ—r Am\ B§{S`m
(EEgEgAmogrEMEE_) Ûmam ñWm{nV nwañH mamo§ _o§ df© 2018 hoVw
""gd©loîR E_EgE_B© ~¢H -{dOoVm 2018'' H m nwañH ma àmßV {H m&
4.6 IwXam G$U
Amdí`H Vm AmYm[aV IwXam G$Umo§ O¡go Amdmg, dmhZ, {ejm, ì`{ºJV
G$U, bKw ì`mnma G$U Am{X H m "H mn© `moOZm' ~Œm§S Zm_ go {dnUZ {H m
OmVm h¡ & 31.3.2018 Ho `28912 H amo‹S Ho nmoQ©\ mo{b`mo H$s VwbZm _o§
31.03.2019 H mo H mn© `moOZmAmo§ H m nmoQ©\ mo{b`mo `26244 H amo‹S ahm h¡ &
{dÎm df© 2017-18 H$s `727 H amo‹S (-2.5%) H$s ZH mamË_H d¥{Õ
H$s VwbZm _o§ {dÎm df© 2018-19 _o§ `2668 H amo‹S (-9.2%) H$s {JamdQ
ahr h¡ &
4.6.1 df© Ho Xm¡amZ Am`mo{OV {deof àMma A{^`mZ/H m`©HŒ _ h¢ :
""\o pñQdb Am°\ a - 2018 [E\ Amo-2018]'', 01.08.2018 go
31.12.2018 VH EH àMma A{^`mZ Omar Wm {Og_o§ Mw{ZÝXm H mn©
`moOZmAmo§ Ho VhV ã`mO Xamo§ _o§ NyQ Ed§ àg§ñH aU ewëH _o§ NyQ/_m\ r Xr
Om ahr Wr&
hmD$qgJ bmoZ Y_mH m-2019: `h A{^`mZ 05.02.2019 go 08.03.2019 Ho ~rM Ho db doVZ^moJr H _©Mm[a`mo§ Ho {bE bmJy Wm
46
salaried employees wherein waiver of processing charges was offered for housing loans upto `2.00 crore.
Vehicle Loan Campaign: The campaign was introduced for a short period of 10 days from 20.03.2019 to 31.03.2019 exclusively for Vehicle Loan (Personal segment) excluding 2 &3 wheeler loans.
4.7. Retail Loan Centres :
At present 34 Retail Loan Centres are operating in the Bank at all major centres for sanction of retail loans. These Retail Loan Centres in all have sanctioned loans amounting to `2573 crore under various Corp Schemes during FY 2018-19.
4.8 Financial Inclusion
Government of India has allotted 2291 villages grouped into 894 Sub Service Areas (SSAs) spread across 23 states under PMJDY for providing basic banking facilities under Financial Inclusion Plan of Reserve Bank of India. Our Bank has provided banking infrastructure at the allotted villages/SSAs through brick & mortar branch at 269 SSAs. In the remaining 625 Sub Service Areas (SSAs) banking infrastructure is provided by engaging Bank Mitras.
Apart from the 625 PMJDY locations, our Bank has engaged 127 Bank Mitras in Non-PMJDY locations wherever services of Bank Mitras are needed.
Our Bank has opened branches including banking outlets in 3 aspirational districts allotted to us.
Our Bank has provided robust, STQC certifi ed, 1.5.1 version compliant Micro ATMs to all the Bank Mitra and all are functioning well. The Micro ATM along with pin pad has enabled all Bank Mitras to perform online, interoperable, Aadhaar & pin based transactions.
The following services are provided by our Bank Mitra to the customers:
1) Account Opening, 2) Cash deposit (own bank), 3) Cash deposit (other bank—Aadhaar Enabled Payment System/Rupay card), 4) Cash withdrawal (on us), 5) Cash withdrawal (off us), 6) Fund transfer (own bank), 7) Fund transfer (other Bank— Aadhaar Enabled Payment System/Rupay card), 8) Balance enquiry (own bank), 9) Balance enquiry (other bank— Aadhaar Enabled Payment System/Rupay card), 10) Mini statement, 11) TDR/RD opening, 12) Enroll for micro accidental death insurance (PMSBY), 13) Enroll for micro life insurance (PMJJBY), 14) Enroll for social security pension scheme (APY), 15) Pension payment, 16) Aadhaar seeding and 17) Mobile seeding.
{Og_o§ 2.00 H amo‹S VH Ho Amdmg G$U Ho {bE àg§ñH aU ewëH H$s _m\ r H$s J`r Wr&
dmhZ G$U A{^`mZ: `h A{^`mZ 20.03.2019 go 31.03.2019
Ho ~rM Ho db 10 {XZ H$s Ad{Y Ho {bE 2 Ed§ 3 n{h`m dmhZ G$Umo§ H mo NmoS H a dmhZ G$U (ì`{ºJV loUr) Ho {bE Wm&
4.7. IwXam G$U Ho §Ð…
dV©_mZ _o§ ~¢H _o§ 34 IwXam G$U Ho §Ð, g^r à_wI Ho §Ðmo§ _o§ G$U ñdrH¥ V H aZo hoVw n[aMm{bV h¢ & BZ IwXam G$U Ho Ðmo§ Zo {dÎm df© 2018-19 Ho Xm¡amZ {d{^Þ H mn© `moOZmAmo§ Ho A§VJ©V Hw b {_bmH a `2573 H amo‹S am{e Ho G$U _§Oya {H E&
4.8 {dÎmr` g_mdoeZ maV gaH ma Zo ^maVr` [aOd© ~¢H H$s {dÎmr` g_mdoeZ `moOZm Ho
A§VJ©V nrE_OoSrdmB© Ho VhV _yb^yV ~¢qH J gw{dYm àXmZ H aZo Ho {bE
23 amÁ`mo§ _o§ pñWV 2291 Jm±dmo§ H mo 894 Cn godm joÌmo§ (EgEgE) _o§ ~m±Q H a Am~§{QV {H m h¡& h_mao ~¢H Zo 269 EgEgE _o§ gwì`dpñWV
emImAmo§ Ho gmW ~¢qH J g§aMZm CnbãY H amB© h¡& ~mH$s Ho 625 Cn
godm joÌmo§ (EgEgE) _o§ ~¢qH J gw{dYm H mo ~¢H {_Ìmo§ Ho _mÜ`_ go àXmZ
{H m Om ahm h¡&
625 nrE_OoSrdmB© Ho ÝÐmo§ H mo NmoSH a ~¢H Zo Eogo J¡a-nrE_OoSrdmB© Ho ÝÐmo§ na 127 ~¢H {_Ìmo§ H$s godmE± br h¢ Ohm§ ~¢H {_Ìmo§ H$s godmE± Amdí`H Wt&
h_mao ~¢H Zo h_o§ Am~§{QV 3 Ano{jV {Obmo§ _o§ ~¢qH J AmCQboQ g{hV emImE§ Imobr h¢&
h_mao ~¢H Zo g_ñV ~¢H {_Ìmo§ H mo geº, EgQrŠ`ygr à_m{UV, 1.5.1 dg©Z go `wº _mBHŒ mo EQrE_ CnbãY H admE h¢ Am¡a `o g^r AÀNm H m_ H a aho h¢& {nZ noS Ho gmW _mBHŒ mo EQrE_ Ûmam g^r ~¢H {_Ì Am°Z bmBZ, A§Va g§Mm{bV, AmYma Ed§ {nZ AmYm[aV boZXoZmo§ H mo g§^mbZo _o§ g_W© h¢&
h_mao ~¢H {_Ìmo§ Ûmam {ZåZ{b{IV godmE± àXmZ H$s OmVr h¢ :
1) ImVo ImobZm, 2) ZH X O_m (AnZo ~¢H _o§), 3) ZH X O_m (Xygao ~¢H _o§- AmYma gj_ ^wJVmZ àUmbr/éno H mS©), 4) ZH X {ZH mgr (h_
na), 5) ZH X {ZH mgr (h_mao Ûmam), 6) {Z{Y A§VaU(AnZo ~¢H _o§),7) {Z{Y A§VaU (Xygao ~¢H _o§- AmYma gj_ ^wJVmZ àUmbr/éno H mS©),8) eof nyNVmN (AnZo ~¢H _o§), 9) eof nyNVmN (Xygao ~¢H _o§- AmYma gj_ ^wJVmZ àUmbr/éno H mS©), 10) bKw {ddaUr, 11) {_`mXr/AmdVr© O_m, 12) _mBHŒ mo XwK©QZm _¥Ë`w ~r_m (nrE_Eg~rdmB©) Ho {bE Zm_m§H Z, 13) _mBHŒ mo OrdZ ~r_m(nrE_OoOo~rdmB©) hoVw Zm_m§H Z, 14) gm_m{OH gwajm no§eZ `moOZm (EnrdmB©) hoVw Zm_m§H Z15) n|eZ ^wJVmZ 16) AmYma à{dpîQ 17) _mo~mB©b à{dpîQ
47ANNUAL REPORT 2018-19
Our Bank has appointed Financial Inclusion Supervisors at 12 Zonal Offi ces to monitor all the activities of Bank Mitras.
As on 31.03.2019, 32.45 lakhs accounts are opened under PMJDY and the average balance in funded PMJDY accounts is 4620/- in our Bank against the national average of `2,624/-
5. Awards & achievements:
i. The Bank has bagged three awards instituted by Chamber of Indian Micro Small & Medium Enterprises [CIMSME] consistently for the 5th year in a row under the following categories:
o Best MSME Bank Award - Runner up (Emerging Category).
o CSR Initiatives & Business Responsibility Award - Winner (Emerging Category).
o Best Bank for Promotional Schemes Award - Runner up (Emerging Category).
ii. Bank has bagged “National Payments Excellence Awards 2017” winner in commercial Banks Category B for excellent performance in RuPay Cards, instituted by NPCI for Financial year 2017-18.
iii. The Bank has bagged “Investor Relations Awards 2018” under category- Best Expectation Management (Mid Cap) for the FY 2017-18.
iv. Corporation Bank bagged the Best Community Development Award at the National CSR Leadership Congress and Awards function held at Vivanta by Taj, Bangalore on 5th September, 2018.
v. The Bank has bagged three awards under the Aadhaar Excellence Awards instituted by Unique Identifi cation Authority of India (UIDAI).
a. The Bank bagged 2nd place under the Raising Star Award category.
b. Bank was conferred 3rd position in the Best Performing Bank for Aadhaar Enrollment/Update Using Online Client.
c. The Bank’s Ahmedabad-Shahibaug Branch was awarded the Best Bank Branch for highest Enrollments/ updations for the Bank.
vi. Corporation Bank once again bagged the “BEST MSME BANK-WINNER 2018” award during 6th ASSOCHAM SMEs Excellence Award – 2018 instituted by The Associated Chambers of Commerce & Industry of India (ASSOCHAM).
h_mao ~¢H Zo 12 A§Mb H m`m©b`mo§ _o§ {dÎmr` g_mdoeZ n`©dojH mo§ H mo
~¢H {_Ìmo§ H$s J{V{d{Y`mo§ H$s {ZJamZr hoVw {Z`wº {H m h¡&
31.03.2019 VH nrE_OoSrdmB© Ho VhV 32.45 bmI ImVo Imobo JE
{OZH m `2,624/- Ho amîQ—r` Am¡gV Ho$ gmnoj h_mao ~¢H _o§ Am¡gV eof
`4620/- ahm &
5. nwañH ma Am¡a CnbpãY`m§
i. ~¢H Zo bJmVma 5do§ df© M¢~a Am°\ B§{S`Z _mBHŒ mo ñ_mb E§S _r{S`_
B§QaàmBOoµO (grAmB©E_EgE_B©) Ûmam {ZåZm§{H V lo{U`mo§ _o§ 3 nwañH ma
àmßV {H o :
o gd©loîR E_EgE_B© ~¢H nwañH ma - Cn{dOoVm (B©_qO©J loUr)
o grEgAma nhb Ed§ ì`mnma Xm{`Ëd nwañH ma - {dOoVm (B©_qO©J
loUr)
o àmo_moeZb `moOZmAmo§ hoVw gd©loîR ~¢H nwañH ma - Cn{dOoVm
(B©_qO©J loUr)
ii. ~¢H Zo {dÎm df© 2017-18 Ho {bE dm{UpÁ`H ~¢H loUr ~r _o§ éno H mS©
_o§ CËH¥ îQ {ZînmXZ Ho {bE EZnrgrAmB© Ûmam ñWm{nV ""amîQ—r` ^wJVmZ
CËH¥ îQVm nwañH ma-2017'' àmßV {H m&
iii. ~¢H Zo {dÎm df© 2017-18 Ho {bE loUr - ~oñQ EŠgnoŠQoeZ _¡ZoO_o§Q
({_S H¡ n) Ho VhV "{ZdoeH g§~§Y nwañH ma 2018' àmßV {H m h¡&
iv. H m°anmoaoeZ ~¢H Zo 5 {gV§~a, 2018 H mo VmO, ~¢Jbmoa Ho {ddm§Vm _o§
Am`mo{OV amîQ—r` grEgAma brSa{en H m§JŒog Am¡a nwañH ma g_mamoh _o§
gd©loîR gm_wXm{`H {dH mg nwañH ma àmßV {H m&'
v. ^maVr` {d{eîQ nhMmZ àm{YH aU (`yAmB©S>rEAmB©) Ûmam ñWm{nV
AmYma CËH¥ îQVm nwañH ma Ho VhV ~¢H H mo VrZ nwañH ma {_bo h¢&
H$. ~¢H Zo amBqOJ ñQma AdmS© loUr Ho VhV Xygam ñWmZ hm{gb {H m&
I. Am°ZbmBZ JŒmhH H m Cn`moJ H aHo AmYma Zm_m§H Z/AÚVZ Ho
{bE ~¢H H mo gd©loîR àXe©Z H aZo dmbo ~¢H _o§ Vrgam ñWmZ {X`m
J`m&
J. ~¢H H$s Ah_Xm~mX-emhr~mJ emIm H mo ~¢H Ho CÀMV_ Zm_m§H Z/
AnSoeZ Ho {bE gd©loîR ~¢H emIm go gå_m{ZV {H m J`m&
vi. NRo EgmoM¡_ EgE_B© gd©loîRVm nwañH ma - 2018 Ho Xm¡amZ
~¢H Zo Egmo{gEQoS Moå~g© Am°\ H m_g© EÊS B§SñQ—r Am°\ B§{S`m
(EEgEgAmogrEMEE_) Ûmam ñWm{nV nwañH mamo§ _o§ df© 2018 hoVw
""gd©loîR E_EgE_B© ~¢H - {dOoVm 2018'' H m nwañH ma àmßV
{H m&
48
vii. Corporation Bank has bagged three “SKOCH Order-of-Merit 2018 Awards. The Bank bagged SKOCH Order-of-Merit 2018 under the following categories:
d. Financial Inclusion
e. Road Map to be Best in Insurance Penetration
f. Implementation of Technology in Forex Operations
6. Recovery
6.1 NPA LEVEL:
The Gross NPA of the Bank stood at `20723.68 crore as on 31.03.2019 as compared to 22,213.44 crore as on 31.03.2018. The Gross NPA constituted 15.35% of the Gross Advances as on 31.03.2019 as against 17.35% at the end of the corresponding previous fi nancial year.
The Net NPA of the Bank stood at `6926.64 crore as on 31.03.2019 as compared to 14,077.02 crore as on 31.03.2018. The Net NPA constituted 5.71% of the Net Advances as against 11.74% at the end of the corresponding previous fi nancial year.
6.2 CASH RECOVERY & UP GRADATION:
(` in crore)
Particulars 31.03.2018 31.03.2019
Cash Recovery (CR) 1,790.12 3,368.72
Up Gradation (UG) 2,718.64 1,824.04
TOTAL = CR + UG 4,508.76 5,192.76
The Cash Recovery & Up gradation of NPAs during the current fi nancial year 2018-19 was `5192.76crore as compared to `4508.76 crore in the previous year.
6.3 ASSET CATEGORY WISE CLASSIFICATION OF ADVANCES AS ON 31.03.2019.
(` H$amoS> _| ` in crore)
H«$.g§./S.No. loUr/Category
`Wm/As on 31.03.2017 `Wm/As on 31.03.2018 `Wm/As on 31.03.2019
am{e Amount Hw$b AmpñV`m| H$m%% to total assets am{e Amount Hw$b AmpñV`m| H$m%
% to total assetsam{e
AmountHw$b AmpñV`m| H$m%% to total assets
1 _mZH Standard 1,28,664.62 88.30 1,05,791.82 82.65 1,14,324.57 84.65
2 Ad_mZH Sub-Standard 5,094.60 3.49 5814.76 4.54 4,313.76 3.19
3 g§{X½Y Doubtful 11,839.41 8.13 16,087.82 12.57 15,781.63 11.69
4 hm{ZJV Loss 111.21 0.08 310.86 0.24 628.29 0.47
Hw$b G$U Gross Credit 1,45,709.84 100.00 1,28,005.26 100.00 1,35,048.22 100.00
vii. H m°nmo©aoeZ ~¢H Zo VrZ "ñH$moM Am°S©a-Am°\ -_o[aQ 2018 nwañH ma àmßV
{H E h¢& ~¢H Zo {ZåZ{b{IV lo{U`mo§ Ho VhV ñH$moM Am°S©a-Am°\ -_o[aQ
2018 àmßV {H m:
K. {dÎmr`g_mdoeZ
L. ~r_m _mZ{MÌU _o§ gd©loîR hmoZo H m amoS _¡n
M. {dXoer _wÐm g§MmbZ _o§ àm¡Úmo{JH$s H m H m`m©Ýd`Z
6. dgybr…
6.1 EZnrE ñVa:
~¢H H m gH b EZnrE 31.03.2018 Ho `22,213.44 H amo‹S H$s VwbZm _o§
31.03.2019 H mo `20,723.68 H amo‹S h¡ & gH b EZnrE g§JV {nNbo {dÎm
df© H$s g_mpßV na 17.35% H$s VwbZm _o§ 31.3.2019 H mo gH b A{JŒ_ H m
15.35% h¡ &
~¢H H m {Zdb EZnrE 31.03.2018 Ho `14,077.02 H amo‹S H$s VwbZm _o§
31.03.2019 H mo `6,926.64 H amo‹S h¡ & {Zdb EZnrE g§JV {nNbo {dÎm
df© H$s g_mpßV na 11.74% H$s VwbZm _§o {Zdb A{JŒ_ H m 5.71% h¡ &
6.2 ZH X dgybr Am¡a CÞ`rH aU: (H amo‹S _o§)
{ddaU 31.03.2018 31.03.2019
ZH X dgybr (grAma) 1,790.12 3,368.72
CÞ`rH aU (`yOr) 2,718.64 1,824.04
Hw b = grAma + `yOr 4,508.76 5,192.76
dV©_mZ {dÎm df© 2018-19 Ho Xm¡amZ EZnrE H$s ZH X dgybr Am¡aCÞ`rH aU {nNbo df© Ho 4508.76 H amo‹S H$s VwbZm _o§ `5192.76 H amo‹S ahm &
6.3 AmpñV loUr Ho AmYma na 31.03.2019 H mo A{JŒ_mo§ H m AmpñVdma dJr©H aU:
49ANNUAL REPORT 2018-19
6.4 PERFORMANCE UNDER VARIOUS RECOVERY METHODS & ACTION PLAN FOR 2018-19.
6.4.1 SARFAESI:
The Bank has taken swift and time bound steps for recovery of NPAs through SARFAESI Action. During the current fi scal, recovery/up gradation through SARFAESI action amounted to `723.22 crore in 1633 accounts. This includes recovery/up gradation on initiation of SARFAESI action and also through repossession and sale of secured assets.
6.4.2 NATION WIDE MEGA E-AUCTION:
Conducting of Nation-wide Mega E-auction of secured assets is identifi ed as a very effective strategy in putting up secured assets for sale under SARFAESI. Such auctions are conducted by the Recovery Division at the Head offi ce level in a highly professional/cost-effective manner through tie up with e-auction portals.
During the Financial Year 2018-19 till 31.03.2019, 510 properties were sold in the Mega e-auction/other auctions resulting in cash recovery/upgradation/property sale proceeds worth `510.84crore as compared to sale of 423 properties and cash recovery/up gradation/sale proceeds of `462.21 crore achieved in the previous fi nancial year.
Nation-wide mega e-auction is a readymade platform for the branches to put up the secured assets for e-auction under the SARFAESI Act. The schedule of the e-auctions are fi nalized well in advance and informed to the branches/offi ces to enable them to identify and put up maximum number of properties for sale.
6.4.3 DRT SUITS:Simultaneously with initiating action under SARFAESI, suits have been fi led in DRTS for recovery of the dues. As on 31st March 2019, 7083 cases involving an aggregate amount of `28507.16 crore is in various stages at 34 DRTs.
6.4.4 COMPROMISE/ONE TIME SETTLEMENTS:Compromise/One Time Settlement of NPAs is encouraged. The Bank has aggressively pursued Compromise/OTS Settlement as a major recovery strategy to recover hard core NPA accounts through amicable settlement. Branches have been sensitized about the need for submitting as many OTS proposals as possible for sanction to ZO/CO & Head Offi ce. Executives from Head Offi ce during their visit to the fi eld, meet NPA borrowers and source OTS proposals. During the Financial Year 2018-19, 56 Compromise/OTS proposals were approved for a total sum of `845.67 crore at H.O level.
6.4 df© 2018-19 Ho {bE {d{^Þ dgybr VarH mo§ Ho A§VJ©V {ZînmXZ Ed§ H m`© `moOZm
6.4.1 ga\o gr…
~¢H Zo ga\o gr H m`©dmhr Ûmam EZnrE H$s dgybr hoVw VËna Am¡a g_`~Õ H X_
CRmE h¢& dV©_mZ {dÎm df© Ho Xm¡amZ ga\o gr H m`©dmhr Ûmam 1633 ImVmo§ _o§
`723.22 H amoS Ho EZnrE dgyb/CÞ{`V {H E JE & Bg_o§ ga\o gr H m`©dmhr
bmJy {H E OmZo Am¡a O_mZVr AmpñV`mo§ Ho H ãOm VWm {dHŒ go hr dgybr/
CÞ`Z ^r em{_b h¢ &
6.4.2 amîQ— ì`mnr _oJm B© - Zrbm_r
O_mZVr AmpñV`mo§ H$s ga\o gr Ho A§VJ©V {~H«$s H admZo _o§ O_mZVr AmpñV`mo§
Ho amîQ—ì`mnr _oJm B© - Zrbm_r Am`moOZ H mo AÀNr aUZr{V Ho ê$n _o§ nhMmZ
{_br h¡ & Eogr Zrbm{_`mo§ H mo àYmZ H m`m©b` ñVa na dgybr à^mJ Ûmam CÀM
ì`mdgm{`H /bmJV à^mdr VarHo go B© - Zrbm_r nmoQ©b Ho gmW JR~§YZ H aHo
Am`mo{OV {H m OmVm h¡&
{dÎmr` df© 2018-19 Ho Xm¡amZ {nNbo {dÎm df© H$s 423 g§n{Îm`mo§ H$s {~H«$s
Am¡a ZH Xr dgybr/CÞ`Z/g§n{Îm {dHŒ H m`©dmhr Ûmam àmßV 462.21 H amo‹S
am{e H$s VwbZm _o§ 31.03.2019 VH 510 gån{Îm`mo§ H$s _oJm B© - Zrbm_r/
AÝ` Zrbm_r _o§ {~H«$s H$s JB© Am¡a ZH Xr dgybr/CÞ`Z/g§n{Îm {dHŒ
H m`©dmhr Ûmam `510.84 H amo‹S H$s àmpßV H$s JB© &
amîQ—ì`mnr _oJm B©-Zrbm_r O_mZVr AmpñV`mo§ H mo ga\o gr Ho A§VJ©V bmZo Ho
{bE emImAmo§ hoVw EH V¡`ma _§M h¡ & B©-Zrbm_r H$s g_`-gmaUr H mo n`m©ßV
g_` ahVo A§{V_ ê$n {X`m OmVm h¡ Am¡a emImAmo§/H m`m©b`mo§ H mo gy{MV {H m
OmVm h¡ {Oggo do A{YH V_ g§»`m _o§ {~H«$s hoVw g§n{Îm`mo§ H$s nhMmZ H a gHo§ &
6.4.3 SrAmaQr gyQ:
ga\o gr _o§ H m`©dmhr H aZo Ho gmW hr Xo` H$s dgybr hoVw SrAmaQr _o§ ^r gyQ XO©
{H E JE& 31 _mM©, 2019 H mo 34 SrAmaQr _o§ {d{^Þ ñVamo§ na `28507.16
H amo‹S Ho 7083 _m_bo h¢&
6.4.4 g_Âmm¡Vm/EH ~ma {ZnQmZ:
g_Âmm¡Vm/EH ~ma {ZnQmZ H mo àmoËgm{hV {H m Om ahm h¡& XwîH a EZnrE
ImVmo§ H$s Amngr g_Âmm¡Vmo§ Ûmam dgybr H aZo Ho {bE ~¢H Zo AmHŒ m_H Vm¡a
na g_Âmm¡Vm/AmoQrEg H mo EH à_wI dgybr `moOZm Ho ê$n _o§ AnZm`m h¡&
emImAmo§ H mo `Wm g§^d A{YH go A{YH g_Âmm¡Vm àñVmdmo§ H mo Am§H m/_§H m
VWm àYmZ H m`m©b` H mo ñdrH¥ {V hoVw ^oOZo H$s Amdí`H Vm go AdJV H am`m
J`m h¡ & àYmZ H m`m©b` go ^r H m`©nmbH joÌ Ho AnZo Xm¡ao Ho Xm¡amZ EZnrE
CYmaH Vm©Amo§ Ho gmW ~¡RH H aVo h¢ Am¡a AmoQrEg àñVmd H mo àmßV H aVo h¢ &
{dÎmr` df© 2018-19 Ho Xm¡amZ `845.67 H amo‹S Ho g_Âmm¡Vm/EH ~ma
{ZnQmZ àñVmdmo§ H mo àYmZ H m`m©b` ñVa na AZw_mo{XV {H m J`m&
50
6.4.5 CORP RIYAYATI-VI:
Apart from settlement under normal OTS, the Bank has also formulated special OTS Schemes. Corp Riyayati VI Scheme, a One Time Settlement Scheme for small value NPAs with balance outstanding up to `10.00 lakh was formulated and launched on 01.05.2018. The scheme came to a close on 31.03.2019. Till 31.03.2019, 4993 accounts were settled under the scheme for `28.95 crore. A sum of `28.95 crore have already been recovered.
6.4.6 LOK ADALAT:
The Bank has actively participated in the National Lok Adalats conducted by NALSA by involving the Law Offi cers at Head Offi ce and Zonal Offi ces. During the Financial Year 2018-19,3003 accounts were settled under Lok Adalat Scheme for `31.86 crore. A total sum of `7.09 crore was recovered in cash on the spot.
6.4.7 MISSION RECOVERY – 75 DAYS’ CAMPAIGN AND STAFF RECOGNITION SCHEME (HALLA BOL – AUR JOR SE):
Bank launched MISSION RECOVERY– 75 DAYS Campaign and Staff Recognition Scheme on 16.01.2019. The tagline/slogan of the campaign was “HALLA BOL – AUR JOR SE”. During the campaign period of 75 days from 16.01.2019 to 31.03.2019, the bank could recover/upgrade NPAs to the tune of `703.88 crore. One of the notable achievements of the campaign was the whole hearted involvement/participation of the rank and fi le in the campaign.
Special Recovery Task Force comprising of 5-10 members were formed at all Zonal Offi ces and also NPA concentrated branches. The task force members extensively travelled to the fi eld for meeting the defaulters and recovering the dues through all possible recovery measures. They supported the branches in holding Mega Recovery Camps and also for holding silent/peaceful dharna/demonstrations in front of the residence/offi ce/factory premises of the defaulters for building pressure on them. The recovery task force members wear specially designed jackets while they are on the recovery work in the fi eld.
Fortnightly HALLA BOL Video Conferences are held by the MD&CEO, Executive Director and other top executives with the fi eld level functionaries regarding the progress of the “Halla Bol – Jor Se” Campaign in their Zones/Circles. Success stories and feedback on the campaign were obtained during the interactions. The MD & CEO’s directions to the fi eld were minuted and circulated for information and compliance.
6.4.5 H mn© [a`m`Vr -VI:
gm_mÝ` AmoQrEg Ho AÝVJ©V g_mYmZ Ho A{V[aº ~¢H Zo {deof AmoQrEg
`moOZm ~ZmB© h¡& H mn© [a`m`Vr - VI `moOZm, EH ~ma {ZnQmZ `moOZm h¡ Omo
`10 bmI VH H$s ~H m`m am{e dmbo NmoQo EZnrE ImVmo§ Ho {bE ~ZmB© JB©
h¡ Am¡a 01.05.2018 go àmaå^ H$s JB© & `moOZm 31.03.2019 H mo g_mßV
hwB©& 31.03.2019 VH Bg `moOZm Ho A§VJ©V `28.95 H amo‹S Ho 4993 ImVmo§
H m {ZnQmZ {H m J`m& BZ ImVmo§ Ho {ZnQmZ Ho Ûmam `28.95 H amo‹S H$s am{e
dgybr Om MwH$s h¡ &
6.4.6 bmoH AXmbV:
Zmbgm Ûmam Am`mo{OV amîQ—r` bmoH AXmbVmo§ _o§ ~¢H Zo àYmZ H m`m©b` Ed§
Am§M{bH H m`m©b` Ho {d{Y A{YH m[a`mo§ H mo em{_b H aVo hwE g{HŒ ê$n go
^mJ {b`m & {dÎmr` df© 2018-19 Ho Xm¡amZ `31.86 H amo‹S Ho 3003 ImVo
bmoH AXmbV `moOZm Ûmam {ZnQmE JE & `7.09 H amo‹S H$s _m¡Ho na hr dgybr
H$s JB© &
6.4.7 {_eZ dgybr - 75 {Xdgr` A{^`mZ Am¡a ñQm\ _mÝ`Vm
`moOZm (h„m ~mob - Am¡a Omoa go):
~¢H Zo {_eZ dgybr - 75 {Xdgr` A{^`mZ Am¡a ñQm\ {_eZ `moOZm
16.01.2019 H mo àmaå^ H$s & A{^`mZ H$s Q¡J bmBZ/Zmam h„m ~mob -
Am¡a Omoa goo Wm & 16.01.2019 go 31.03.2019 VH H$s 75 {XZmo§ H$s
A{^`mZ H$s Ad{Y Ho Xm¡amZ ~¢H Zo `703.88 H amo‹S Ho EZnrE dgyb/CÞ`Z
{H E A{^`mZ _o§ ~¢H Ho àË`oH dJ© Ho ñQm\ Ûmam nyU© CËgmh go em{_b
hmoZm/^mJ boZm A{^`mZ H$s EH C„oIZr` CnbpãY Wr &
g_ñV Am§M{bH H m`m©b`mo§ _o§ Am¡a AË`{YH EZnrE dmbr emImAmo§ _o§
5 go 10 gXñ`mo§ H m EH {deof dgybr H m`©Xb ~Zm`m J`m h¡& Bg H m`©Xb
Zo g_ñV `Wm g§^d dgybr Cnm`mo§ Ûmam dgybr Ho {bE MyH H Vm©Amo§ go {_bZo
Am¡a Xo` am{e H mo dgyb H aZo Ho {bE joÌ H m Xm¡am {H m& CÝhmo§Zo emImAmo§
H mo _oJm dgybr {e{da H m Am`moOZ H aZo Am¡a MyH H Vm©Amo§ na X~md ~ZmZo Ho
{bE CZHo Amdmg/H m`m©b`/\¡ ŠQ—r n[aga Ho gm_Zo _m¡Z/em§{VnyU© YmaUm/
àXe©Z H aZo _o§ ghm`Vm H$s & dgybr H m`© Xb joÌ _o§ dgybr H m`© H aVo g_`
{deof ê$n go {SOmBZ {H m J`m O¡Ho Q nhZVo h¢ &
h„m ~mob dr{S`mo H m§\Œo§ g E_Sr Ed§ grB©Amo, H m`©nmbH {ZXoeH Am¡a
AÝ` H m`©nmb H mo§ Ûmam àË`oH nIdm‹So joÌ ñVa Ho H m`©H Vm©Amo§ go CZHo
A§Mbmo§/_§Sbmo§ _o§ h„m ~mob - Omoa go A{^`mZ H$s àJ{V Ho g§~§Y _o§
OmZH mar boZo hoVw H$s OmVr h¡ & ~mVMrV _o§ A{^`mZ H$s g\ b H hm{Z`mo§
Am¡a à{V gyMZmAmo§ H mo àmßV {H m OmVm h¡& à~§Y {ZXoeH Am¡a grB©Amo Ho
{ZXoemo§ H mo gyMZm Ed§ AZwnmbZ Ho {bE {b{n~Õ Am¡a n[aMm{bV {H m
OmVm h¡&
51ANNUAL REPORT 2018-19
Recovery Division, through e-mails and WhatsApp, fl ashed the campaign progress on a daily basis. The Branch Heads who recovered `10 lakhs & above were identifi ed as Recovery Champs and their photographs along with their performance were published through e-mails and WhatsApp messages.
These activities created competitive spirit amongst the fi eld level functionaries which in turn contributed in the grand success of the campaign.
6.4.8 MEGA RECOVERY CAMPS:
Bank has organized Mega Recovery Camps across the Zones for settlement of accounts, especially small value NPA Accounts under Corp Riyayati Scheme/bank’s General OTS Scheme. Such camps were held jointly by 4 to 5 branches with high concentration of NPAs in a common venue. With the help of Special Recovery Task Force members and Recovery Agents, the borrowers are contacted and brought to the negotiating table for discussing and settling their long pending dues. Such camps helped in settling and closing a large number of small value NPA accounts.
6.4.9 EXCLUSIVE VERTICALS:
Monitoring and follow up of stressed/NPA accounts/PWO accounts intensifi ed through exclusive verticals set up and Head Offi ce and Circle Offi ces for the purpose. Recovery in Prudentially Written Off accounts during Financial Year 2018-19amounted to `706.88 crore as against `318.06 crore during Financial Year 2017-18.
6.4.10 RESOLUTION BY REFERRING TO NCLT UNDER IBC 2016:
Resolution of stressed/NPA accounts by referring to National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code, 2016(IBC) for Corporate Insolvency Resolution Process (CIRP) is yet another tool in the hands of the Bank for recovery of the dues. Apart from referring/proactively participating in the resolution process of the RBI directed accounts, bank has identifi ed and referred various accounts for resolution under IBC 2016 to NCLT. As on 31.03.2019, 133 accounts involving an amount of `15054.46 crore is before NCLT in various stages. Till 31.03.2019, the bank could recover more than 835.69 crore through resolution under IBC 2016.
7. Treasury and Investment Operations
The aggregate investment of the Bank as on 31st March 2019 was `59,979.19 crore with maturity mix of securities consistent with risk perceptions and investment policies of the Bank.
dgybr à^mJ B© _ob Am¡a ìhmQ²gEßn Ho _mÜ`_ go X¡{ZH AmYma na A{^`mZ
H$s àJ{V H mo àñVwV H aVm h¡& Omo emIm à_wI `10.00 bmI Am¡a A{YH H$s dgybr H aVo h¢ , CZH$s dgybr M¡ån Ho ê$n _o§ nhMmZ H$s OmVr h¡ Am¡a B©-_ob
Ed§ ìhmQ²gEßn g§Xoemo§ Ho _mÜ`_ go CZHo {ZînmXZ Ho gmW CZHo \ moQmoJŒm\ H mo àH m{eV {H m OmVm h¡&
Bg {HŒ mH bmn go joÌ ñVa Ho A{YH m[a`mo§ _o§ à{VñnYm©Ë_H CËgmh OmJm h¡ {OgZo Bg A{^`mZ H mo ^ì` g\ b ~ZmZo _o§ `moJXmZ {X`m h¡&
6.4.8 _oJm dgybr {e{da:
~¢H Zo g^r A§Mbmo§ _o§ ImVmo§, {deofH a NmoQo _yë` Ho EZnrE ImVmo§ H m {ZnQmZ
H mn© [a`m`Vr `moOZm/~¢H H$s gm_mÝ` AmoQrEg `moOZm Ho A§VJ©V H aZo hoVw
_oJm dgybr {e{damo§ H m Am`moOZ {H m & Eogo {e{da 4 go 5 Eogr emImAmo§ Ûmam g§`wº ê$n go Am`mo{OV {H E JE Ohm§ EH hr ñWmZ na A{YH EZnrE
h¢ & {deof dgybr H m`© Xb Ho gXñ`mo§ Am¡a dgybr EOo§Qmo§ H$s ghm`Vm go CYmaH Vm©Amo§ go g§nH© {H m J`m VWm CÝho§ MMm© H aZo Ed§ CZHo b§~o g_` go b§{~V Xo` H m {ZnQmZ H aZo Ho {bE g_Âmm¡Vo Ho ñWmZ na bm`m J`m & Eogo {e{damo§ go ~‹Sr g§»`m _o§ NmoQo _yë` Ho EZnrE ImVmo§ H mo {ZnQmZo VWm ~§X H aZo _o§ ghm`Vm {_br h¡ &
6.4.9 {deof d{Q©H b:
X~mdJŒñV/EZnrE ImVmo§/nrSãbyAmo ImVmo§ H$s {ZJamZr Ed§ AZwdV©Z _o§, Bg
CÔoí` go àYmZ H m`m©b` VWm _§Sb H m`m©b`mo§ _o§ ~ZmE JE {deof ñH§ Y Ûmam VoOr AmB© h¡ & {dÎm df© 2017-18 Ho `318.06 H amo‹S H$s VwbZm _o§ {dÎm df© 2018-19 _o§ {ddoH nyU© T§J go ~Åo ImVo _o§ Smbo JE ImVmo§ _o§ dgybr 706.88
H amo‹S ahr &
6.4.10 AmB©~rgr 2016 Ho A§VJ©V EZgrEbQr H mo àofU Ûmam g_mYmZ:
{Xdm{b`m VWm G$U emoYZ Aj_Vm g§{hVm (AmB©~rgr) 2016 Ho A§VJ©V
X~mdJŒñV/EZnrE ImVmo§ H mo H mnmo©aoQ G$U emoYZ Aj_Vm g_mYmZ à{HŒ m (grAmB©Amanr) Ho {bE amîQ—r` H§ nZr {d{Y Ý`m`m{YH aU (EZgrEbQr) H mo ào{fV H aZm ^r ~¢H mo§ Ho nmg Xo` H$s dgybr H aZo H m EH Cnm` h¡ & ^m[a~§¡ {ZXo{eV ImVmo§ H m àofU H aZo/g_mYmZ à{HŒ m _o§ g{HŒ ê$n go ^mJ boZo Ho A{V[aº ~¢H Zo {d{^Þ ImVmo§ H mo AmB©~rgr 2016 Ho A§VJ©V g§kmZ _o§ {b`m h¡ VWm EZgrEbQr H mo ^oOm h¡& 31.03.2019 VH EZgrEbQr Ho g_j
`15054.46 H amo‹S Ho 133 ImVo {d{^Þ ñVamo§ na h¢ & 31.03.2019 VH ~¢H AmB©~rgr 2016 Ho A§VJ©V g_mYmZ Ûmam `835.69 H amo‹S go A{YH H$s am{e dgyb H a MwH m h¡ &
7. Q—oµOar Ed§ {Zdoe n[aMmbZ
31 _mM©, 2019 H mo ~¢H H m Hw b {Zdoe, ~¢H Ho Omo{I_ Ad~moY VWm {Zdoe Zr{V g§~§Yr {Xem{ZXo©emo§ Ho AZwê$n à{V^y{V`mo§ Ho n[an¹Vm {_lU Ho gmW
59,979.19 H amo‹S ahm&
52
The average yield on investments during the year under report stood at 7.36% compared to 7.43% as at the end of the previous year.
The net profi t/(loss) from sale of investments was `(80.93) crore for the year ended 31.03.2019 as compared to `735.83 crore in the previous year.
The Bank has put in place tools like Duration, Modifi ed Duration and Value at Risk for effective risk management.
8. International Banking
The Bank has 49 Designated Branches and one Forex Hub at Bengaluru, which cater to the foreign exchange business. Cumulative Merchant turnover has decreased by 16.90%, from `75,347.36 crore to `62,612.36 crore, during the year 2018-19.
Foreign Exchange Income of Treasury has decreased by 35.22%, from `153.10 crore to `99.18 crore, during the year.
Fee Based Income from Designated Forex Branches has decreased by 38.31% from `107 crore to `66 crore.
Currency futures income has decreased by 19.61% from `8.92 crore to `7.17 crore this year.
9. Precious Metal Business
License for import of Gold/Silver for our bank has been renewed by Reserve bank of India vide letter ref. No. DBR/IBD/No.8023/23.67.002/2018-19 DT 26th March, 2019 up to 31.03.2020.
10. Designated Branches and Treasury and Investment Department
10.1 Process Improvement
a) Straight Through Processing (STP) is in place between Designated Branches and Treasury Branch for all Forex Transactions. All the transactions of branches are auto posted to Treasury accounting software through STP.
b) Link Branches have been enabled for taking the rate directly from Treasury through Rate Chat Module and all the FCNR transactions are brought under STP. Mirror balance at Treasury Branch is updated instantaneously through STP.
c) Nostro entries are uploaded in the system due to which majority of the entries are getting auto reconciled.
d) Exchange Houses - Reconciliation process has been simplifi ed and daily balancing in Foreign Currency has been made available.
e) Integration of the swift system with the CBS has been completed and there is no provision for manual creation of SWIFT.
[anmoQm©YrZ df© Ho Xm¡amZ {Zdoemo§ na Am¡gV AO©Z {nNbo df© Ho A§V Ho
7.43% H$s VwbZm _o§ 7.36% ahm&
{Zdoemo§ H$s {~H«$s go àmßV {Zdb bm^ {nNbo df© Ho `735.83 H amo‹S H$s
VwbZm _o§ 31.03.2019 H mo g_mßV df© hoVw `(80.93) H amo‹S Wm&
~¢H Zo à^mdr Omo{I_ à~§YZ hoVw Ad{Y, Amemo{YV Ad{Y VWm Omo{I_
na _yë` O¡go Cnm` bmJy {H E h¢&
8. A§Vam©îQ—r` ~¢qH J
~¢H _o§ 49 Zm{_V emImE§ Am¡a ~§Jbya _o§ pñWV EH \ maoŠg h~ h¡ Omo {dXoer
{d{Z_` H mamo~ma g§^mbVr h¢& df© 2018-19 Ho Xm¡amZ g§M`r ì`mnma
QZ©Amoda `75,347.36 H amo‹S go 16.90% KQH a 62,612.36 H amo‹S hmo
J`m&
Q—oOar H$s {dXoer {d{Z_` Am` df© Ho Xm¡amZ 153.10 H amo‹S go 35.22%
KQH a `99.18 H amo‹S hmo JB© &
Zm{_V \ moaoŠg emImAmo§ H$s ewëH AmYm[aV Am` g{hV Hw b Am` `107
H amo‹S go 38.31% KQ H a `66 H amo‹S hmo JB© &
df© Ho Xm¡amZ _wÐm ^{dî` Am` `8.92 H amo‹S go 19.61% KQH a 7.17 H amo‹S
ah J`r h¡&
9. ~hw_yë` YmVw H mamo~ma
^maVr` [a‹Od© ~¢H Zo nÌ g§X^© g§»`m Sr~rAma/AmB©~rSr/g§»`m.
8023/23.67.002/2018-19 {XZm§H 26 _mM©, 2019 Ûmam h_mao ~¢H
H m ñdU©/Mm§Xr Am`mV H aZo H m bmBgo§g 31.03.2020 VH ~‹Tm {X`m h¡ &
10. Zm{_V emImE± Am¡a Q—oµOar Ed§ {Zdoe à^mJ…
10.1 à{HŒ m _o§ gwYma
H ) g^r àH ma Ho \ maoŠg boZXoZmo§ Ho {bE Zm{_V emImAmo§ Am¡a Q—oOar emIm Ho
_Ü` ñQ—oQ WŒy àmogoqgJ (EgQrnr) àmaå^ H$s JB© h¡ & emImAmo§ Ho A{YH Va
boZXoZmo§ H m EgQrnr Ho Ûmam Q—oOar emIm _o§ ñd AÚVZ hmo OmVm h¡ &
I) g§~Õ emImAmo§ H mo aoQ M¡Q _m°S²`yb Ûmam grYo Q—oOar go Xa àmßV H aZo _o§
gj_ ~Zm`m J`m h¡ Am¡a g^r E\ grEZAma boZXoZ EgQrnr Ho AÝVJ©V
bmE JE h¢& Q—oOar emIm _o§ à{Vq~{~V eof EgQrnr Ho _mÜ`_ go Cgr
g_` AÚ{VV hmoVm h¡ &
J) gr~rEg _o§ ZmoñQ—mo O_m H m AÚVZ ñWm{nV {H m J`m h¡ {Oggo ZmoñQ—mo
ImVmo§ H m ñdV: g_m`moOZ hmoVm h¡ &
K) {d{Z_` J¥h - g_m`moOZ à{HŒ m H m gabrH aU {H m J`m h¡ Ed§ {dXoer
_wÐm H m X¡{ZH {_bmZ CnbãY H am`m J`m h¡&
S.) pñdâQ àUmbr H m gr~rEg go EH$sH aU nyU© hmo MwH m h¡ Ed§ pñdâQ H mo
_¡ZwAbr {Z{_©V H aZo H m H moB© àmdYmZ Zht h¡&
53ANNUAL REPORT 2018-19
f ) Bank has adopted stringent norms to follow up for all outward foreign currency payments and have also implemented a separate level of swift verifi cation to ensure that all the payments are routed only after registering a corresponding entry in the CBS.
g) Forex Hub at Bangalore has been further strengthen with trained staff to cater to the Forex requirement of all designated branches and ensure compliance of FEMA/ RBI/ FEDAI guidelines. As a step further, Bank has centralized all its import related transactions at Hub thereby implementing the guidelines by the regulator related to Swift operations.
h) Bank is actively trading in currency futures on BSE, NSE and MSEIL to increase the profi t.
11. Collection and Payment Services (CAPS)
Keeping pace with the changing environment in the payment system, the Bank has initiated host of ‘customer centric’ technological initiatives during the year. Amongst them are:
White labelled Payment Gateway services were launched during current fi nancial year – 60 EPG clients were brought into our fold during the FY 2018-19.
IMPS outward/inward enabled for CAPS clients.
E-mandate through E-Sign is enabled during current fi nancial year.
Our Bank has gone live in TReDS platform and has initiated fi nancing MSMEs through this platform.
BBPS as sponsoring bank started during the current fi nancial year.
Web services has been introduced for seamless delivery of MIS to Corporate
The CAPS has
Brought 262 new clients under its coverage during the year and has achieved an Income of `56.83 crore thereby showing about 33% growth in income and positive growth in client acquisition.
12. Inter-Branch Accounts Reconciliation
12.1 The Bank has put in place a Centralized Inter-Branch Reconciliation system for Processing of Inter-Branch Transactions, in order to maintain effi ciency in this vital area of housekeeping.
12.2 During the fi nancial year 2018-19, the Bank continued to maintain its core competence in the area of timely reconciliation of Inter-Branch transactions. The Inter-Branch transactions were generally processed and reconciled on the next day of
M) ~¢H Zo g^r ~mhar {dXoer _wÐm ^wJVmZmo§ Ho AZwdV©Z hoVw H ‹So _mZX§Smo§ H mo
AnZm`m h¡ Ed§ pñdâQ à_mUZ H m EH AbJ ñVa bmJy {H m h¡ {Og go
g^r ^wJVmZ gr~rEg _o§ gå~Õ à{dpîQ Ho ~mX hr à^mdr hmo nmE±&
N) ~|Jbyé \ maoŠg h~ H mo Zm{_V emImAmo§ H$s \ maoŠg Amdí`H$VmAmo§ Am¡a
\o _m/^m[a~¡§/\o SmB© {Xem-{ZXo©emo§ Ho ~ohVa AZwnmbZ hoVw à{e{jV
ñQm\ Ho gmW _O~yV {H m J`m h¡ & AmJo ~‹TVo hwE, ~¢H Zo pñdâQ
n[aMmbZ go Ow‹So {Z`m_H {Xem{ZXo©emo§ H mo bmJy H aVo hwE h~ _o§ Am`mV
g§~§Yr g^r boZXoZmo§ H mo Ho ÝÐr`H¥ V {H m h¡&
O) ~¢H ~rEgB©, EZEgB© Am¡a E_EgB©AmB©Eb na _wÐm â`yMg© H$s g{HŒ
ê$n go Q—oqSJ H a ahm h¡ &
11. CJmhr Ed§ ^wJVmZ godmE± (H¡ ßg)
g§JŒhU Ed§ ^wJVmZ àUmbr _o§ ~XbVo n[adoe go Vmb_ob aIVo hwE VWm ~¢H Zo
df© Ho Xm¡amZ H B© JŒmhH Ho§ {ÐV VH$ZrH$s nhb H$s h¢& CZ_o§ h¢:
dV©_mZ {dÎm df© Ho Xm¡amZ ìhmB©Q bo~b no_o§Q JoQdo godmAmo§ H mo ewê {H m
J`m - {dÎm df© 2018-19 60 B©nrOr JŒmhH h_ go Ow‹So> h¡&
H¡ ßg JŒmhH mo§ Ho {bE ~mhar/AmdH AmB©E_nrEg H mo Mmby {H m J`m &
dV©_mZ {dÎmr` df© Ho Xm¡amZ B©-gmBZ Ho _mÜ`_ go B©-OZmXoe Mmby
{H m J`m &
h_mam ~¢H Q>rAmaB©S>rEg ßboQµ\ m°_© _o§ bmBd hmo J`m h¡ Am¡a CgZo Bg
ßboQµ\ m°_© Ho _mÜ`_ go E_EgE_B© H mo {dÎmnmofU ewê {H m h¡&
dV©_mZ {dÎm df© Ho Xm¡amZ àm`moOH ~¢H Ho ê$n _o§ ~r~rnrEg ewê hwAm&
H m°anmoaoQ H mo E_AmB©Eg Ho {Z~m©Y {dVaU Ho {bE do~ godmAmo§ H mo ewê
{H m J`m&
H¡ ßg Zo
df© Ho Xm¡amZ 262 JŒmhH mo§ H mo AnZo gmW Omo‹Sm h¡ VWm `56.83 H amo‹S H$s Am` àmßV H a Am` _o§ 33% Ed§ JŒmhH Ow‹Smd _o§ ^r gH mamË_H d¥{Õ
Xem©B© h¡ &
12. A§Va emIm boIm g_m`moOZ
12.1 ~¢H Zo aIaImd Ho Bg _hËdnyU© joÌ _o§ XjVm H mo ~ZmE aIZo Ho {bE
A§Va emIm boZXoZmo§ H mo àg§ñH¥$V H aZo hoVw Ho ÝÐr` A§Va emIm g_m`moOZ
àUmbr H$s ñWmnZm H$s h¡&
12.2 {dÎm df© 2018-19 Ho Xm¡amZ ~¢H Zo A§Va emIm boZXoZmo§ H m g_`
na g_m`moOZ H aZo Ho joÌ _o§ AnZr XjVm ~ZmE aIr& A§Va-emIm boZXoZmo§
H$mo gm_mÝ`V… boZXoZ Ho AJbo {XZ hr àg§ñH¥ V H aHo g_mYmZ {H m OmVm
54
the transaction. All Inter-Branch transactions originated up to 31.03.2019 stand reconciled and all entries up to 13.08.2016 (other than credits in respect of unpaid Demand Drafts) stand eliminated as at 31.03.2019.
13. Information Technology Initiatives
[1] ISO 27001:2013 CERTIFICATION FOR IT INFRA-STRUCTURE OF THE BANK:
• Sustenance Audit for ISO 27001:2013 Certifi cation under Information Security & Management System [ISMS] Framework by British Standards Institution [BSI] conferred on the IT Infrastructure of the Bank, comprising ITD & DR setup at Mangalore and Data Centre & NLS at Bangalore, was successfully carried out during January 2019.
[2] NETWORK RELATED INITIATIVES:
• Network Monitoring & Management Service for the Bank’s infra was taken over by IBM from HCL Comnet through a tender process. The number of dedicated resources for the Bank has been suitably augmented to derive better and faster support.
• MPLS connectivity for all the branches have been upgraded to minimum throughput of 2Mbps wherever feasible for better user experience for branch staff. Process is on for providing secondary path for all branches from an alternate service provider for business continuity. Secondary connectivity has already been provided to all critical locations and service branches.
[3] OTHER DIGITAL INTIATIVES:
• Bank’s fully revamped Mobile Banking Solution CorpEASE was rolled out for both Android and iOS platforms. CorpEASE collaborates a host of banking operations like funds transfer, bill payment, deposit opening & closure cheque book request, passbook management, holiday information etc., enabling the customer to do banking transactions at the time and location of his convenience. The application is available in English, Hindi and other eight Indian languages – Kannada, Tamil, Telugu, Malayalam, Marathi, Gujarati, Punjabi and Oriya. The Bank has also introduced the features of Green Pin [online debit card pin generation], and a facility for customers to block/unblock their debit cards as per the their needs.
• To enhance customer experience and convenience, the Bank went live on “TABLET Banking for Domestic
h¡& 31.03.2019 VH àd{V©V {H E JE g^r A§Va-emIm boZXoZmo§ H m
g_mYmZ {H m Om MwH m h¡ VWm 31.03.2019 H mo 13.08.2016 VH H$s
g^r à{dpîQ`mo§ H m (AXÎm _m§J S—mâQ Ho g§~§Y _o§ O_m H mo Nmo‹SH a) {ZagZ {H m J`m h¡&
13. gyMZm àm¡Úmo{JH$s nhb
[1] ~¢H H$s AmB©Qr g§aMZm hoVw AmB©EgAmo 27001: 2013
à_mUrH aU :
• ~¢H Ho AmB©Qr BÝ\Œ mñQ—ŠMa {Og_o§ _¢Jbmoa Am¡a SoQm go§Qa
Am¡a ~¢Jbmoa _o§ EZEbEg Am¡a SrAma goQAn em{_b h¢ H m
AmB©EgAmo 27001:2013 {~Œ{Qe _mZH g§ñWmZ Ûmam gyMZm
gwajm Am¡a à~§YZ àUmbr Ho VhV à_mUZ (AmB©EgE_Eg)
\Œo _dH© (~rEgAmB©) Ho {bE {Zdm©h Am°{SQ, OZdar 2019 Ho$
Xm¡amZ g\ bVmnyd©H {H m J`m&
[2] ZoQdH© g§~§{YV nhb :
• ~¢H Ho BÝ\Œ m H$s ZoQdH© {ZJamZr Am¡a à~§YZ godm H m à^ma
AmB©~rE_ Ûmam EMgrEb H m°_ZoQ go EH {Z{dXm à{HŒ m Ho _mÜ`_
go {b`m J`m Wm& ~ohVa Am¡a VoO godm àmßV H aZo Ho {bE ~¢H Ho
{bE g_{n©V g§gmYZmo§ H$s g§»`m Cn`wº ê$n go ~‹TmB© JB© h¡&
• emIm H _©Mm[a`mo§ Ûmam ~ohVa Cn`moJ AZw^d Ho {bE g^r
emImAmo§ Ho {bE E_nrEbEg H ZopŠQ{dQr H mo Ohm± ^r g§^d hmo,
Ý`yZV_ 2Mbps Ho WŒynwQ _o§ AnJŒoS {H m J`m h¡& ì`mnma {Za§VaVm
Ho {bE EH d¡H pënH godm àXmVm go g^r emImAmo§ Ho {bE
_mÜ`{_H nW àXmZ H aZo Ho {bE à{HŒ m Omar h¡& g^r _hËdnyU©
ñWmZmo§ Am¡a godm emImAmo§ H mo _mÜ`{_H H ZopŠQ{dQr àXmZ H$s Om
MwH$s h¡&
[3] AÝ` {S{OQb ewéAmV :
• ~¢H H m nyU©V: Z`m _mo~mBb ~¢qH J Eßn EÊS—moBS Am¡a AmB©AmoEg
XmoZmo§ ßboQ\ m_moª Ho {bE Omar {H m J`m& H m°n© B©µO YZam{e
ñWmZm§VaU, {~b ^wJVmZ, O_m ImobZo Am¡a MoH ~wH AZwamoY,
nmg~wH à~§YZ, NwÅr H$s OmZH mar Am{X O¡go ~¢qH J H m`moª
_o§ gh`moJ H a JŒmhH H mo CgH$s gw{dYm Ho g_`Am¡a ñWmZ na
~¢qH J boZXoZ H aZo _o§ gj_ ~ZmVm h¡& AmdoXZ A§JŒoOr, qhXr Am¡a
AÝ` AmR ^maVr` ^mfmAmo§- H Þ‹S, V{_b, VobwJw, _b`mb_,
_amRr, JwOamVr, n§Om~r Am¡a C{‹S`m _o§ CnbãY h¡, ~¢H Zo
JŒrZ {nZ (Am°ZbmBZ So{~Q H mS© {nZ OoZaoeZ) H$s gw{dYm ^r ewê
H$s h¡, Am¡a JŒmhH mo§ H mo CZH$s µOêaV Ho AZwgma AnZo So{~Q H mS©
H mo ãbm°H /AZãbm°H H aZo H$s gw{dYm Xr JB© h¡&
• JŒmhH mo§ Ho AZw^d Am¡a gw{dYm H mo ~ohVa H aZo Ho {bE, Mmby ImVo
ImobZo Ho {bE Kaoby JŒmhH mo§ Ho {bE ~¢H Zo bmBd "" Q>¡~boQ> ~¢qH J''
55ANNUAL REPORT 2018-19
customers for opening running accounts. Customer authentication is done through eKYC and the details are parsed and updated in Core Banking Solution automatically.
• Bank has replaced the existing Internet Banking with a contemporary New Internet Banking viz., “FEBA”- Finacle e-Banking Application with a host of added features and facilities. FEBA has been made available to customers with effect from 10.09.2018. Customizable desk-top transaction limit, self-registration, Mobile Token for quick access of the application are some of the key features of FEBA.
[4] SECURITY SOLUTIONS:
• To fortify the network and data security posture of the Bank, various security solutions were implemented in line with the recommendations of the Cyber Security Framework of RBI. Major implementations are:
• DATA CENTER SECURITY SOLUTION for policy-based security of Critical Servers which provides Intrusion Detection and Prevention capabilities across a broad range of platforms and applications.
• NETWORK POLICY MANAGEMENT SOLUTION for securing fi rewalls and routers
[5] PRODUCTIVITY ENHANCEMENT INITIATIVES:
• As part of Enterprise Agreement (EA) with Microsoft, various productivity tools of cloud-based Offi ce Suite O-365 were implemented:
• EXCHANGE ONLINE: Cloud based mailing service with robust backup capabilities and enhanced storage limit of 100 GB per mailbox.
• KAIZALA : Enterprise level messaging solution for business communication.
• POWER BI: Data analytic tool embedded with Business Intelligence, that helps in comprehensive analysis of data and converts it to an intelligent dashboard.
• E-LEARNING: Cloud-based knowledge enhancement and evaluation solution developed on SharePoint platform.
14. Credit Cards
14.1 Credit card facilitates the individual clients, a hassle free and risk free way of making payments for shopping, travel etc. In view of the large potential associated with it, the bank has
H$s ewéAmV H$s h¡ & JŒmhH à_mUrH aU B©Ho dmB©gr Ho _mÜ`_ go
{H m OmVm h¡ Am¡a {ddaUmo§ H mo ñdMm{bV ê$n go H moa ~¢qH J g_
mYmZ _o§ AÚVZ {H m OmVm h¡&
• ~¢H Zo _m¡OyXm B§QaZoQ ~¢qH J H mo EH g_H mbrZ ZE B§QaZoQ
~¢qH J AWm©V "{\ ZoH b B©-~¢qH J EßbrHo eZ' Ho gmW ~Xb
{X`m h¡ {Og_o§ H B© Vah Ho {deofVmE± Am¡a gw{dYmE§ h¢& Eµ\ B©~rE
10.09.2018 go JŒmhH mo§ Ho {bE CnbãY H am`m J`m h¡& AZwHy bZ
`mo½` SoñH -Qm°n Q—m§OoŠeZ {b{_Q, goë\ -a{OñQ—oeZ, EpßbHo eZ
Ho Ëd[aV Cn`moJ Ho {bE _mo~mBb QmoH Z Eµ\ B©~rE H$s Hw N à_wI
{deofVmE§ h¢&
[4] gwajm g_mYmZ:
• ~¢H Ho ZoQdH© Am¡a SoQm gwajm pñW{V H mo _O~yV H aZo Ho {bE,
Ama~rAmB© Ho gmB~a gwajm Tm§Mo H$s {g\ m[aemo§ Ho AZwê$n {d{^Þ
gwajm g_mYmZ bmJy {H E JE Wo& _w»` g_mYmZ {ZåZm§{H V h¢ :
• _hËdnyU© gd©amo§ H$s Zr{V-AmYm[aV gwajm Ho {bE SoQm go§Qa gwajm
g_mYmZ Omo ßboQ\ m_moª Am¡a AZwà`moJmo§ H$s EH {dñV¥V l¥§Ibm _o§
Kwgn¡R H m nVm bJmZo Am¡a amoH Wm_ j_VmAmo§ H mo àXmZ H aVm h¡&
• µ\ m`adm°b Am¡a amCQa H mo gwa{jV H aZo Ho {bE ZoQdH© Zr{V à~§YZ
g_mYmZ &
[5] CËnmXH Vm dY©H nhb:
• _mBHŒ mogm°âQ Ho gmW E§QaàmBO EJŒr_o§Q (B©E) Ho {hñgo Ho ê$n _o§,
ŠbmCS-AmYm[aV Am°{\ g gwBQ Amo-365 Ho {d{^Þ CËnmXH Vm
CnH aU bmJy {H E JE :
• Am°ZbmBZ {d{Z_`: _O~yV ~¡H An j_VmAmo§ Ho gmW ŠbmCS
AmYm[aV _oqbJ godm Am¡a à{V _ob~m°Šg 100 Or~r H$s {dñVm[aV
^§SmaU gr_m&
• H mB©Ombm : ì`mdgm{`H g§Mma Ho {bE E§QaàmBµO ñVa g§Xoe
g_mYmZ&
• nmda ~mB© : {~OZog B§Qo{bOo§g wº SoQm {díbofH Qyb h¡, Omo SoQm Ho
ì`mnH {díbofU _o§ _XX H aVm h¡ Am¡a Bgo EH ~w{Õ_mZ S¡e~moS© _o§
n[ad{V©V H aVm h¡&
• B© bqZ©J - eo`a nm°B§Q ßboQµ\ m°_© na {dH {gV ŠbmCS-AmYm[aV
kmZ d¥{Õ Am¡a _yë`m§H Z g_mYmZ&
14. HŒo {SQ H mS©
14.1 HŒo {SQ H mS© ì`{ºJV JŒmhH mo§ H mo IarXmar, `mÌm Am{X Ho g_` AmgmZ Am¡a Omo{I_ _wº VarHo go ^wJVmZ H aZo H$s gw{dYm XoVm h¡& Bggo Ow‹Sr ì`mnH g§^mì`Vm H mo XoIVo hwE ~¢H Zo Bg nmoQ©\ mo{b`mo§ _o§ {dñVma H aZo Ho {bE H X_
CRmE h¢& ~¢H _w»`V… AnZo dV©_mZ JŒmhH mo§ H mo H mS© Omar H aVm h¡& ~¢H Zo Xmo
56
taken steps to expand this portfolio. The bank is predominantly issuing cards to its existing customers. Bank is issuing only EMV chip cards.
14.2 As on 31st March, 2019, the Bank has issued 71978 credit cards with an aggregate credit limit of `473.27 crore having outstanding balance of `60.11 crore.
14.3 The Bank earned total income of `24.08 crore and Gross Profi t of `18.26 crore for 2018-19 under credit card portfolio. 18.35 lakh POS transactions aggregating to `445.47 cr. were transacted using these cards during the year 2018-19.
14. 4 For customer convenience, the bank has introduced tech savvy services such as instant PIN generation by the customer, SMS alerts, Hot-listing the card by sending SMS by the card holder, e-statements, online viewing of credit card details, ATM interface and verifi ed by visa authentications for online transactions and issuance of OTP (One Time Password) for all e-commerce transactions. All these facilities are expected to help the customers to use the Cards effi ciently. During the year 2018-19, a total of 4931 complaints were received from the credit card customers. All these complaints were resolved to the satisfaction of Customers.
14.5 LIC Co-branded Credit Cards: Our Bank has entered into an agreement with LIC Cards Services LTD., (LICCSL), a wholly owned subsidiary of LIC of India, for issuance of co-branded Credit Cards by the Bank to the customers (policy holders), employees and agents of LIC of India. As per understanding, the LICCSL will source application for credit cards from the policy holders, directly and also through agents. The bank has issued 38616 cards till 31.03.2019 with aggregate limit of `223.78 cr. and balance outstanding of `10.41 cr.
14.6 Delivery Channels:
14.6.1 ATMs: As on 31.03.2019, Bank had installed 3,015 ATMs. of this 1,285 ATMs are under owned model, 1,730 ATMs are installed under DFS initiated outsourced Model.
14.6.2 Debit Cards: As on 31st March, 2019, the total number of outstanding debit cards (all variants) stood at 78.74 lakhs. In compliance with RBI guidelines, Bank is phasing out Magnetic Stripe cards and replacement EMV cards are issued free of charges.
14.6.3 Sponsoring Small Banks for VISA Sub Membership: Expanding the scope of plastic money, the Bank has enabled smaller banks to issue VISA branded cards to its customers through Sub-Membership. The facility has empowered the customers of such smaller banks by bringing them into the
ZE HŒo {SQ H mS© do[aE§Q éno ßbo{QZ_ Am¡a éno gobŠQ àmaå^ {H E h¢ & ~¢H Ho db
B©E_dr {Mn H mS© à`moJ H aVm h¡ &
14.2 `Wm 31 _mM© 2019 VH H$s pñW{V Ho AZwgma ~¢H Ûmam `473.27
H amo‹S H$s Hw b G$U gr_m Ho gmW 71978 HŒo {SQ H mS© Omar {H E JE h¢ {OZHo
A§VJ©V `60.11 H amo‹S ~H m`m eof h¢&
14.3 2018-19 hoVw ~¢H Zo HŒo {SQ H mS© nmoQ©\ mo{b`mo Ho VhV `24.08 H amo‹S
H$s Hw b Am` Am¡a `18.26 H amo‹S H m gH b bm^ A{O©V {H m h¡& df©
2018-19 Ho Xm¡amZ BZ H mSmoª H m BñVo_mb H aVo hwE Hw b `445.47 H amo‹S Ho
18.35 bmI nrAmoEg boZXoZ {H E JE&
14.4 JŒmhH gw{dYm hoVw ~¢H Zo àm¡Úmo{JH$s CÝ_wI godmE± O¡go JŒmhH Ûmam
VwaÝV {nZ {Z_m©U, EgE_Eg AbQ©, H mS© YmaH Ûmam EgE_Eg ^oOH a H mS©
H mo hmoQ{bñQ H aZm, B©-{ddaU, HŒo {SQ H mS© ã`moao H m Am°ZbmBZ AdbmoH Z,
Am°ZbmBZ boZXoZmo§ hoVw EQrE_ B§Qa\o g VWm do[a\ mBS ~mB© drgm A{Yà_mUZ
VWm g^r B©-H m_g© boZXoZmo§ Ho {bE AmoQrnr (dZ QmB_ nmgdS©) Omar H aZm
Am{X gw{dYmE± CnbãY H amB© h¢& BZ g^r gw{dYmAmo§ go JŒmhH mo§ Ûmam H mS©
Ho H maJa Cn`moJ _o§ _XX {_bZo H$s Cå_rX h¡& df© 2018-19 Ho Xm¡amZ
HŒo {SQ H mS© JŒmhH mo§ go Hw b 4931 {eH m`Vo§ àmßV hwB©& BZ g^r {eH m`Vmo§ H m
g_mYmZ JŒmhH H$s g§Vw{ï> VH$ {H m J`m&
14.5 EbAmB©gr H mo-~Œm§SoS HŒo {SQ H mS©: h_mao ~¢H Zo ^maVr` OrdZ
~r_m Ho JŒmhH mo§ (nm°{bgrYmaH ), H _©Mm[a`mo§ Am¡a EOo§Qmo§ H mo ~¢H Ûmam g§`wº
~Œm§S H m HŒo {SQ H mS© Omar H aZo Ho {bE EbAmB©gr H mS© g{d©goO {b{_QoS
(EbAmBgrgrEgEb), ^maVr` OrdZ ~r_m H§ nZr H$s nyU© ñdm{_Ëddmbr
ghm`H H§ nZr, Ho gmW H ama {H m h¡& H ama Ho AZwgma EbAmBgrgrEgEb
HŒo {SQ H mS© H m AmdoXZ nm{bgr YmaH mo§ go grYo Am¡a AnZo EOo§Qmo§ Ho ghmao
àmßV H aoJm ~¢H Zo 31.03.2019 VH `223.78 H amo‹S H$s Hw b gr_m Am¡a
`10.41 H amo‹S H$s ~H m`m am{e Ho gmW 38616 H mS© Omar {H E h¢ &
14.6 So{bdar M¡Zb:
14.6.1 EQrE_… 31.03.2019 VH ~¢H Zo 3,015 EQrE_ g§ñWm{nV
{H E h¢& BZ_o§ 1,285 EQrE_ ñdm{_Ëd _m°Sb Ho AYrZ h¢, 1,730 EQrE_
SrE\ Eg ào[aV AmCQgmoñS© _m°Sb Ho AYrZ g§ñWm{nV h¢ &
14.6.2 So{~Q H mS©… 31 _mM© 2019 VH H$s pñW{V Ho AZwgma Hw b So{~Q
H mSmoª (g^r àH ma Ho ) H$s g§»`m 78.74 bmI h¡& Ama~rAmB© Ho {Xem{ZXo©emo§
Ho AZwnmbZmW©, ~¢H Zo MaU~Õ ê$n go _¡¾o{QH ñQ—mBn H mSmoª H mo EMV H mSmoª
go ~Xb H a Bgo {Z…ewëH Omar {H m&
14.6.3 drµOm Cn gXñ`Vm hoVw NmoQo ~¢H mo§ H mo àm`mo{OV H aZm… ßbmpñQH
_Zr Ho Xm`ao H mo ~‹TmVo hwE ~¢H Zo NmoQo ~¢H mo§ H mo Cn gXñ`Vm Ho µAnZo JŒmhH mo§
H mo drµOm ~Œ¢S Ho H mS© Omar H aZo H m A{YH ma {X`m h¡& Cº gw{dYm go NmoQo ~¢H mo§ Ho JŒmhH geº hwE h¢ Am¡a CÝho§ d¡{œH ñdrH¥ {V XoVo hwE ßbmpñQH
57ANNUAL REPORT 2018-19
plastic money culture giving them global acceptance. As of 31.03.2019 Bank has sponsored 4 small Banks and this arrangement has augmented the fee income of the Bank.
14.6.4 e-lobby: In order to provide banking convenience to our customers, Bank has operationalised e-Lobby. The “e-Lobby” has self-service automation kiosks like ATMs, Cash Deposit Machine etc. As on 31.03.2019, Bank has operationalized 345 e-Lobbies.
14.6.5 POS Terminals: As of 31.03.2019, the Bank has installed 2.21 lakh POS terminals (including Mobile POS) at various Merchant Establishments. This value added service has enabled the Bank to not only enrol new customers but also retain existing customers. The Bank is also sponsoring smaller Banks for POS acquisition by acting as settlement Bank.
14.6.6 Mobile App: To enable our customers avail Banking services through their smart phones, Bank had introduced Corp Ease, a mobile app with power packed features like Debit card blocking/Unblocking, Debit Card Green PIN setting/resetting, Bill Payments etc. As of 31.03.2019, 6.64 lakh customers have registered for Corp Ease.
15. Marketing Initiatives
A marketing set up is in place at Head offi ce and at all Zonal Offi ces of the Bank to support the efforts of the fi eld level staff in reaching out to the customers for business development.
The Division has launched various drives during the fi scal year 2018-19 with an aspiration of improving the third party income.
15.1 APY, PMJJBY & PMSBY Campaigns: Bank have conducted campaigns to enroll customers under Atal Pension Yojana (APY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in the FY 18-19. During the drives, 29,584 APY, 1,09,291 PMSBY and 40,003 PMJJBY new customers were enrolled.
15.2 Religare Health Insurance Drive: Various drives to canvas Religare Health insurance product, were conducted in FY 2018-19. During the drives Bank have canvased Premium worth `9.40 Cr.
15.3 Payroll Segment:In total Bank has mobilized 1,11,461 Payroll accounts during the Fiscal year 2018-19 comprising of all the variants of Corp Payroll Accounts. Bank Canvased 10,825 Corp Elite and Delite account which is salary accounts for Central and State Govt. Departments and PSU staffs.
_Zr g§ñH¥ {V _o§ bm`m J`m& 31.03.2019 VH ~¢H Zo 4 NmoQo ~¢H mo§ H mo àm`mo{OV {H m Am¡a Bg ì`dñWm go ~¢H H$s ewëH Am` _o§ d¥{Õ hwB© h¡&
14.6.4 B©-bm°~r… AnZo JŒmhH mo§ H mo ~¢qH J gw{dYm àXmZ H aZo Ho HŒ _ _o§, ~¢H B©-bm°~r n[aMm{bV H a ahm h¡& "" B©-bm°~r "" EH ñd`§ godm ñdMm{bV {H moñH h¡, {Og_o§ ZH X O_m _erZ, MoH O_m _erZ, ñd` godm nmg~wH qàQa Am¡a EH EQrE_ em{_b h¡& _erZo§ à`moºmZwHy b h¢ Am¡a JŒmhH Ûmam AmgmZr go Cn`moJ {H m Om gH Vm h¡& `Wm 31.03.2019 H mo ~¢H _o§ 345
B©-bm°{~`m§ n[aMm{bV h¢&
14.6.5 nrAmoEg _erZo§: Wm 31.03.2019 VH ~¢H Zo {d{^Þ ì`mnm[aH à{VîRmZmo§ _o§ 2.21 bmI nrAmoEg _erZo§ (_mo~mB©b nrAmoEg g{hV) bJmB© h¢& Bg _yë`d{Y©V godm go ~¢H H mo Z Ho db ZE JŒmhH mo§ H mo bmZo _o§ ~pëH dV©_mZ JŒmhH mo§ H mo amoHo aIZo _o§ ^r _XX {_br& ~¢H {ZnQmZ ~¢H Ho ê$n _o§ H m`© H aVo hwE nrAmoEg A{^JŒ{hV H aZo Ho {bE NmoQo ~¢H mo§ H mo àm`mo{OV ^r H a ahm h¡&
14.6.6 _mo~mBb Eßn: h_mao JŒmhH mo§ H mo CZHo ñ_mQ© \ moZ Ûmam ~¢qH J
godmAmo§ H mo àmßV H aZo _o§ gj_ ~ZmZo hoVw, ~¢H Zo nmda n¡H gw{dYmAmo§, O¡go {H So{~Q H mS© H mo ãbm°H /AZãbm°H H aZm, So{~Q H mS© JŒrZ nrZ H m goqQJ/[agoqQJ, {~b ^wJVmZ BË`m{X, Ho gmW H m°n©B©µO _mo~mBb Eßn H$s ewéAmV
H$s h¡& 31.03.2019 VH H m°n©B©µO Ho {bE 6.64 bmI JŒmhH mo§ Zo n§OrH aU
H adm`m h¡&
15. {dnUZ nhb
H mamo~ma {dH mg Ho {bE JŒmhH mo§ VH nhw±MZo Ho joÌ ñVar` ñQm\ H mo ~¢H Ho à`mgmo§ _o§ _XX XoZo Ho {bE àYmZ H m`m©b` Am¡a Am§M{bH H m`m©b`mo§ _o§ {dnUZ Tm±Mm ~Zm`m J`m h¡&
Bg {d^mJ Zo Bg {dÎmr` df© 2018-19 _o§ AÝ` nj Am` H mo gwYmaZo H$s AmH m§jm go {d{^Þ A{^`mZmo§ H$s ewéAmV H$s h¡&
15.1 EnrdmB©, nrE_OoOo~rdmB© Ed§ nrE_Eg~rdmB© A{^`mZ : ~¢H Zo {dÎmr` df© 18-19 Ho Xm¡amZ AQb no§eZ `moOZm (EnrdmB©), àYmZ_§Ìr gwajm ~r_m `moOZm(nrE_Eg~rdmB©) Ed§ àYmZ_§Ìr OrdZÁ`mo{V ~r_m `moOZm (nrE_OoOo~rdmB©) Ho VhV JŒmhH mo§ H mo Zm_m§{H V H aZo hoVw A{^`mZ Am`mo{OV
{H m & A{^`mZmo§ Ho Xm¡amZ EnrdmB© `moOZm hoVw 29,584, nrE_Eg~rdmB© `moOZm hoVw 1,09,291 Ed§ nrE_OoOo~rdmB© `moOZm hoVw 40,003 ZE JŒmhH mo§ H mo Zm_m§{H V H aZo _o§ g\ b ahm&
15.2 aobrJoa ñdmñÏ` ~r_m A{^`mZ : aobrJoa ñdmñÏ` ~r_m CËnmX
Ho àMma Ho {bE {dÎmr` df© 2018-19 _o§ EH A{^`mZ Am`mo{OV
{H m J`m& A{^`mZ Ho Xm¡amZ ~¢H Zo 9.40 H amo‹S àr{_`_ H m g§JŒhU
{H m&
15.3 noamob I§S
~¢H Zo {dÎm df© 2018-19 Ho Xm¡amZ 1,11,461 no amob ImVmo§ H m g§JŒhU {H m ~¢H {Og_o§ H mn© no amob ImVmo§ Ho g^r àH ma em{_b h¢& ~¢H Zo 10,825
H mn© EbrQ VWm {SbmBQ ImVo H m àMma {H m Omo Ho§ Ðr` VWm amÁ` gaH ma {d^mJmo§ VWm nrEg`y ñQm\ Ho doVZ ImVo h¢&
58
16. Customer Service
16.1 Reforms Agenda:
Customer Service Division secured 75 per cent marks in the Ease Reforms agenda survey conducted by the Ministry pertaining to various parameters as on 30.9.2018 and 31.12.2018, secured 100 per cent marks in the Assessment of complaint handling process and 99 per cent for Customer Grievance redressal for both the quarters ending on 30.9.2018 and 31.12.2018.
16.2 CPGRAMS Complaints:
During the 31.03.2019, 863 Complaints were disposed of in CPGRAMS Web Portal of the Ministry and there were no CPGRAMS Complaint pending against our Bank for more than 60 days as on 31.03.2019. The list sent by Ministry during the year showed no complaint pending against our Bank.
16.3 Banking Ombudsman cases:
During the year ended 31.03.2019, 370 Banking Ombudsman cases were fi led and 372 Banking Ombudsman cases were Disposed. There was only 4 Award against our Bank.
16.4 RBI Complaints:
During the Year ended 59 Complaints were received and all the complaints were disposed of. There were no pending complaints received through Reserve Bank of India as on 31.03.2019.
16.5 Ministry Complaints:
During the Year ended 31.03.2019 there were no pending complaints received through Ministry.
16.6 RTI Application and Appeals:
During the year ended 31.03.2019, 130 RTI Applications were disposed of and 46 RTI Appeals were disposed of. There were no pending RTI Applications and RTI Appeals as on 31.03.2019.
17. Integrated Risk Management System
17.1 Basel-III Compliance:
17.1.1 Banks and other fi nancial institutions all over the world have become more interconnected than ever as the time zones separating the fi nancial world has shrunk and truly world has become a smaller place. This integration however also means that geo-political risks arising in one part of the globe also affects other part of the world. Thus, with each passing day newer and more complex risks are arising and fi nancial institutions across the world have to continuously enhance and improve their risk management techniques and architecture to address the growing risks. Basel-II and Basel-III accord are
16. JŒmhH godm
16.1 gwYma Ho _wÔo:
_§Ìmb` Ûmam {d{^Þ _mnX§S>m| go g§~§{YV, B©O [a\ moåg© EOo§Sm gdo© Ho VhV
JŒmhH godm {d^mJ H mo {XZm§H 30.09.2018 Ed§ 31.12.2018 H mo 75
à{VeV A§H {_bo Ed§ {eH m`V go {ZnQZo H$s à{HŒ m Ho _yë`m§H Z _o§ 100
à{VeV A§H {_bo Am¡a 30.09.2018 VWm 31.12.2018 H mo g_mßV XmoZmo§ hr {V_mhr Ho {bE JŒmhH {eH m`V {ZdmaU Ho {bE 99 à{VeV A§H {_bo&
16.2 grnrOrAmaEE_Eg {eH m`Vo§:
31.03.2019 H mo g_mßV hmoZo dmbr Ad{Y _o§ _§Ìmb` Ho grnrOrAmaEE_Eg do~ nmoQ©b _o§ 863 {eH m`Vmo§ H m g_mYmZ {H m J`m Am¡a `Wm 31.03.2019
H mo grnrOrAmaEE_Eg Ho VhV 60 {XZmo§ go A{YH g_` go b§{~V {eH m`Vo§ eyÝ` h¡& _§Ìmb` Ûmam ào{fV gyMr _o§ h_mao ~¢H Ho {déÕ {H gr {eH m`V H mo b§{~V Zht {XIbm`m J`m h¡&
16.3 ~¢qH J bmoH nmb _m_bo:
31.03.2019 H mo g_mßV {dÎmr` df© Ho Xm¡amZ 370 ~¢qH J bmoH nmb _m_bo XO© {H E JE Am¡a 372 ~¢qH J bmoH nmb _m_bmo§ H m g_mYmZ {H m J`m & h_mao ~¢H Ho {déÕ {g\© 4 {ZU©` hwE&
16.4 ^m[a~§¡ {eH m`Vo§:
31.03.2019 H mo g_mßV df© Ho Xm¡amZ 59 {eH m`Vo§ àmßV hwB©§ Am¡a g^r {eH m`Vmo§ H mo {ZnQm`m J`m& 31.03.2019 H mo ^maVr` [a‹Od© ~¢H Ûmam àmßV {eH m`Vmo§ _o§ H moB© ^r {eH m`V b§{~V Zht h¡&
16.5 _§Ìmb` {eH m`Vo§:
31.03.2019 H mo g_mßV df© Ho Xm¡amZ _§Ìmb` Ûmam H moB© r b§{~V {eH m`V àmßV Zht hwB© &
16.6 AmaQrAmB© {eH m`Vo§ Am¡a Anrb:
31.03.2019 H mo g_mßV df© Ho Xm¡amZ 130 AmaQrAmB© AmdoXZ Am¡a 46
AmaQrAmB© Anrb {ZnQmB© JB©§ & 31.03.2019 H mo H moB© r b§{~V AmaQrAmB© AmdoXZ Am¡a AmaQrAmB© Anrb Zht Wr &
17. EH$sH¥ V Omo{I_ à~§YZ àUmbr
17.1 ~ogb III AZwnmbZ:
17.1.1 Xw{Z`m ^a Ho ~¢H Am¡a {dÎmr` g§ñWmE§ nhbo go ^r A{YH nañna ê$n go Ow‹S JB© h¢ Š`mo§{H {dÎmr` OJV H m g_`-joÌ {gHw ‹S J`m h¡ Am¡a `h {dœ gM_wM EH NmoQr OJh ~Z J`m h¡& bo{H Z Bg EH$sH aU H m `h ^r _Vb~ hmoVm h¡ {H {dœ Ho EH {hñgo H m ^y-amOZ¡{VH Omo{I_ {dœ Ho Xygao {hñgo H mo ^r à^m{dV H aVm h¡& Bg àH ma, àË`oH {XZ Ho ~rVZo na ZE Am¡a A{YH O{Qb Omo{I_ CËnÞ hmo aho h¢ Am¡a {dœ ^a H$s {dÎmr` g§ñWmAmo§ H mo ~‹TVo Omo{I_mo§ H m gm_Zm H aZo Ho {bE AnZr Omo{I_ à~§YZ VH ZrH mo§ Am¡a g§aMZm H mo {Za§Va ê$n go ~‹TmZm Am¡a gwYmaZm n‹SVm h¡& ~ogb II Am¡a
59ANNUAL REPORT 2018-19
aimed at harmonizing the practices adopted by various banks operating across jurisdictions and countries, under a common supervisory framework, thus bringing uniformity in the Risk management practices.
17.1.2 Risk Management is an integral part of Bank’s organizational structure and business strategy. Identifi cation, measurement, monitoring and controlling the risks enables the Bank to minimize losses and maximize profi ts. The major risks faced by the Bank are Credit Risk, Market Risk and Operational Risk.
17.1.3 Our Bank has constituted, three internal committees of executives, namely, Credit Risk Management Committee, Market Risk Management Committee/Asset Liability Management Committee and Operational Risk Management Committee – for looking after the implementation of Integrated Risk Management system. The Board oversights on Risk Management activities in the Bank is done through Risk Management Committee of the Board.
17.1.4 The Bank has put in place Internal Capital Adequacy Assessment Process (ICAAP) to assess the risks to which it is exposed and has put risk management process in place to manage and mitigate those risks and evaluate the capital adequacy relative to these risks. To enhance risk assessment and to have a better understanding of the likely impact in extreme circumstances, stress testing process is conducted. Stress Testing enables the Banks to identify the vulnerable areas, if any, and to prepare for the same by developing appropriate contingency plans.
17.1.5 Bank has also put in place 16 Policies related to Credit, Market and Operational risk, which are being reviewed on an annual basis after taking into account the necessary RBI guidelines and internal circulars.
17.2 Credit Risk
17.2.1 In the area of credit risk, the Bank has in the year 2006 implemented the rating models applicable for borrowers under commercial loan segment. The rating models are working on web based enterprise wide solution called Risk Assessment Module (RAM). This software, which is currently being used to appraise the borrowers with exposure of `25 lakh and above, enables the Bank to assess the ratings while preparing the appraisal notes. This apart, Bank has put in place independent validation by Risk Managers of rating assigned by credit offi cers. It will also help in creating database for moving over to the IRB approaches of Basel – III and IFRS.
17.2.2 The Bank has procured Capital Assessment Module (CAM), used for capital computation of credit risk under
~ogb III g_Âmm¡Vo H m CÔoí` {d{^Þ A{YH ma joÌmo§ Am¡a {d{^Þ Xoemo§ _o§ n[aMmbZaV {d{^Þ ~¢H mo§ Ûmam AnZmB© OmZo dmbr àWmAmo§ H mo EH gm_mÝ` n`©dojr Tm±Mo Ho AYrZ bmVo hwE Omo{I_ à~§YZ àWmAmo§ _o§ EH ê$nVmbmZm h¡&
17.1.2 Omo{I_ à~§YZ ~¢H H$s g§JRZmË_H g§aMZm Am¡a H mamo~ma aUZr{V H m EH A{^Þ A§J h¡& Omo{I_mo§ H mo nhMmZZo, _mnZo, {ZJamZr H aZo Am¡a {Z`§{ÌV H aZo go ~¢H H mo hm{Z`mo§ H mo H _ H aZo Am¡a bm^ A{YH V_ H aZo _o§ _XX {_bVr h¡& ~¢H Ûmam gm_Zm {H E Om aho _w»` Omo{I_ h¢ G$U Omo{I_, ~mµOma Omo{I_ Am¡a n[aMmbZJV Omo{I_&
17.1.3 h_mao ~¢H Zo EH$sH¥ V Omo{I_ à~§YZ àUmbr Ho H m`m©Ýd`Z H$s XoIaoI hoVw H m`©nmbH mo§ H$s VrZ Am§V[aH g{_{V`m| AWm©V² G$U Omo{I_ à~§YZ g{_{V, ~mµOma Omo{I_ à~§YZ g{_{V/AmpñV Xo`Vm à~§YZ g{_{V Am¡a n[aMmbZJV Omo{I_ à~§YZ g{_{V J{RV H$s h¡& ~¢H _o§ Omo{I_ à~§YZ
{HŒ mH bmn na ~moS© H$s {ZJamZr ~moS© H$s Omo{I_ à~§YZ g{_{V Ûmam H$s OmVr h¡&
17.1.4 ~¢H Zo g§^mì` Omo{I_mo§ Ho _yë`m§H Z Ho {bE Am§V[aH ny±Or n`m©ßVVm {ZYm©aU à{HŒ m (AmB©grEEnr) bmJy H$s h¡ VWm BZ Omo{I_mo§ Ho à~§YZ d H _ H aZo hoVw VWm BZ Omo{I_mo§ Ho gmnoj ny±Or n`m©ßVVm H m _yë`m§H Z H aZo hoVw Omo{I_ à~§YZ à{HŒ m bmJy H$s h¡& Omo{I_ {ZYm©aU H mo ~‹TmZo VWm AË`§V Xy^a n[apñW{V`mo§ _o§ ^r g§^mì` à^md Ho g§~§Y _o§ ~¢H H mo ~ohVa g_Âm àXmZ H aZo hoVw, X~md narjU à{HŒ m H$s OmVr h¡& X~md narjU ~¢H mo§ H mo ZmµOwH joÌ, `{X H moB© h¡, H mo nhMmZZo Am¡a Cn`wº AmH pñ_H `moOZmE§ {dH {gV H aHo CgHo {bE V¡`ma hmoZo _o§ g_W© H aVm h¡&
17.1.5 ~¢H Zo G$U, ~mµOma VWm n[aMmbZ Omo{I_ go g§~§{YV 16 nm°{b{g`m± ^r bmJy H$s h¢ {OgH$s g_rjm Amdí`H Ama~rAmB© {Xem{ZXoemo§ VWm Am§V[aH n[anÌmo§ H mo Ü`mZ _o§ aIVo hwE H$s OmVr h¡&
17.2 G$U Omo{I_
17.2.1 G$U Omo{I_ Ho joÌ _o§ ~¢H Zo df© 2006 _o§ dm{UpÁ`H G$U joÌ Ho A§VJ©V CYmaH Vm©Amo§ Ho {bE bmJy aoqQJ _m°Sb {HŒ mpÝdV {H E Wo& `o aoqQJ _m°Sb Omo{I_ {ZYm©aU _m°Sçyb (a¡_) Zm_ Ho do~ AmYm[aV B§QaàmBµO dmBS goë`yeZ na H m_ H aVm h¡& dV©_mZ _o§ `25 bmI Am¡a Cggo A{YH Ho EŠgnmoµOa dmbo CYmaH Vm© H m _yë`m§H Z H aZo Ho {bE BñVo_mb {H m OmVm h¡ Am¡a _yë`m§H Z ZmoQ V¡`ma H aVo g_` aoqQJ H m AmH bZ H aZo _o§ ~¢H H mo g_W© H aVm h¡& G$U A{YH m[a`mo§ Ûmam {ZYm©[aV aoqQJ hoVw Omo{I_ à~§YH mo§ Ûmam ñdV§Ì à_mUrH aU bmJy {H m h¡& `h ~ogb-III VWm AmB©E\ AmaEg
Ho AmB©Ama~r X¥pîQH moU _o§ n[ad{V©V hmoZo hoVw SmQm~og Ho g¥OZ _o§ ^r ghm`H hmoJm&
17.2.2 ~¢H Zo ny±Or AmH bZ _m°S`yb (H¡ _) ^r àmßV {H m h¡, {Ogo ^m[a~¢ Ûmam {ZYm©[aV AZwgma ~ogb-III Ho _mZH$sH¥ V X¥pîQH moU Ho A§VJ©V G$U
60
standardized approach of Basel-III as prescribed by RBI. The Bank has applied to RBI for migrating to Foundation Internal Rating Based approach (FIRB) under Credit Risk. Presently bank is following Standardised approach for computing capital charge on Credit Risk.
17.2.3 Bank has formulated a Group Credit Policy, which lays down policy guidelines for credit management covering all areas of operations, where credit risk is involved. The policy enables the Bank to enhance its risk management capabilities and thereby improve the performance through steady and healthy growth in credit portfolio. This policy has set prudential limits to individual borrowers, non-corporate borrowers, entity level exposure norms, substantial exposure limits, benchmark fi nancial ratios, borrower standards, exposure limits/ceilings to industries, sensitive sectors, rating category etc. The Board reviews the prudential limits periodically. The Bank has implemented a multi-tier credit approval system wherein the loan proposals are cleared by an “Approval Grid” before being placed to the respective sanctioning authorities.
17.2.4 On-site Credit Audit of borrowal accounts with limit of `5 core and above is in place.
17.2.5 Bank has created a separate division for monitoring Stressed assets. The division has two verticals, one for monitoring large exposure of `1 crore & above, another for monitoring exposure below `1 crore. The division is guiding and supporting the branches and zonal offi ces for ensuring close follow up of stressed loan accounts under standard category to avoid fresh slippages. A system driven advance warning system for early identifi cation of probable NPAs with probable reasons for slippages is put in place which is an ideal tool for effective monitoring of standard assets/containing fresh slippages.
17.2.6 The Bank has also undertaken Industry Risk Assessment and Portfolio Studies in order to assess the credit risk at the portfolio level, adopt strategies to improve the quality of portfolio and reduce adverse impact of concentration of exposures to certain borrowers or industries.
17.2.7 Study on rating migration of borrowal accounts is undertaken and appropriate corrective actions are initiated to protect the portfolio quality.
17.2.8 All the issues related to Credit Risk are deliberated in the Credit Risk Management Committee meeting.
17.3 Market Risk
17.3.1 Market Risk is the risk of losses in on-balance sheet and off-balance sheet positions arising from movements in market prices/variables. The changes will have direct impact
Omo{I_ Ho ny±OrJV n[aH bZ Ho à`moOZmW© BñVo_mb {H m OmVm h¡& ~¢H G$U Omo{I_ Ho A§VJ©V E\ AmB©Ama~r (AmYma^yV Am§V[aH loUrH aU na AmYm[aV X¥pîQH moU) _o§ _mBJŒoQ hmoZo Ho {bE ^maVr` [aµOd© ~¢H H mo AmdoXZ H a MwH m h¡& dV©_mZ _o§ ~¢H G$U Omo{I_ Ho {bE _mZH$sH¥ V X¥pîQH moU AnZm ahm h¡&
17.2.3 ~¢H Zo JŒwn G$U Zr{V ~ZmB© h¡, Omo n[aMmbZ Ho CZ g^r joÌmo§ H mo em{_b H aVo hwE Ohm± G$U Omo{I_ em{_b h¡, G$U à~§YZ hoVw Zr{VJV {Xem-{ZXo©e {ZYm©[aV H aVr h¡& Bg Zr{V go ~¢H Omo{I_ à~§YZ j_VmAmo§ _o§ d¥{Õ H a gH Vm h¡ {Oggo ~¢H AnZo G$U nmoQ©\ mo{b`mo _o§ pñWa VWm ñdñW g§d¥{Õ Xem© gH Vm h¡ {OgHo n[aUm_ ñdê$n {ZînmXZ g_JŒ ê$n go gwYaoJm& Zr{V Ho AZwgma ~¢H Zo d¡`{ºH CYmaH Vm©Amo§, J¡a-H mnmo©aoQ CYmaH Vm©Amo§ hoVw {ddoH nyU© gr_mE§, BH mB© ñVar` EŠgnmoµOa _mZX§S, ~‹Sr EŠgnmoµOa gr_mE±, _mZH {dÎmr` AZwnmV, CYmaH Vm© _mZH , CÚmoJmo§, g§doXZerb joÌmo§ hoVw EŠgnmoµOa gr_mE±/CÀMV_ gr_m, aoqQJ loUr Am{X {ZYm©[aV {H E h¢& {ZXoeH _§Sb {Z`{_V ê$n go {ddoH nyU© gr_mAmo§ H$s g_rjm H aVm h¡& ~¢H Zo ~hwñVar` G$U AZw_moXZ H$s ì`dñWm ^r bmJy H$s h¡ {Og_o§ G$U àñVmd g§~§{YV _§Oyaràm{YH m[a`mo§ Ho g_j àñVwV H aZo go nhbo "AZw_moXZ {JŒS' Ûmam _§Oya {H E OmVo h¢&
17.2.4 `5 H amo‹S Am¡a Cggo A{YH Ho CYma ImVmo§ H$s Am°Z-gmBQ G$U boIm narjm bmJy h¡&
17.2.5 ~¢H Zo X~mdJŒñV AmpñV`mo§ H$s {ZJamZr Ho {bE ñdV§Ì à^mJ ñWm{nV {H m h¡& à^mJ Ho Xmo dQr©H b h¢ EH - `1 H amo‹S Am¡a A{YH Ho ~‹S>o EŠgnmoOa H$s {ZJamZr hoVw Am¡a Xygam - `1 H amo‹S go H _ EŠgnmoOa H$s {ZJamZr hoVw & `h à^mJ _mZH loUr Ho VhV ZE pñbnoO H mo amoH Zo Ho {bE X~mdJŒñV G$U ImVmo§ H m gyú_ AZwdV©Z gw{Z{üV H aZo Ho {bE emImAmo§ Am¡a Am§M{bH H m`m©b`mo§ H mo _mJ©Xe©Z Am¡a gh`moJ àXmZ H aVm h¡& MyH$ Ho {bE g§^m{dV H maUmo§ Ho gmW g§^m{dV EZnrE H$s g_`nyd© nhMmZ Ho {bE {gñQ_ n[aMm{bV EH A{JŒ_ MoVmdZr àUmbr ñWm{nV H$s JB© h¡ Omo _mZH AmpñV`mo§ H$s {ZJamZr/ZB© MyH$m| H mo amoH Zo Ho {bE EH AmXe© gmYZ h¡&
17.2.6 ~¢H Zo nmoQ©\ mo{b`mo ñVa na G$U Omo{I_ Ho _yë`m§H Z hoVw, nmoQ©\ mo{b`mo H$s JwUdÎmm gwYmaZo Ho {bE aUZr{V`m± AnZmZo VWm Hw N CYmaH Vm©Amo§ `m CÚmoJmo§ H mo EŠgnmoµOa Ho g§Ho§ ÐZ Ho g§^mì` à{VHy b à^md H mo H _ H aZo Ho {bE CÚmoJ Omo{I_ {ZYm©aU d nmoQ©\ mo{b`mo {ddoMZ Ho H m`© H$s {µOå_oXmar ^r br h¡&
17.2.7 CYma ImVmo§ Ho aoqQJ n[adV©Z na AÜ``Z {H m OmVm h¡ VWm nmoQ©\ mo{b`mo JwUdÎmm H$s gwajm Ho {bE g_w{MV CnMmamË_H H ma©dmB© H$s OmVr h¡&
17.2.8 G$U Omo{I_ go g§~pÝYV g^r _m_bmo§ na {dMma G$U Omo{I_ à~§YZ g{_{V H$s ~¡RH mo§ _o§ {H m OmVm h¡&
17.3 ~mµOma Omo{I_
17.3.1 ~mOma Omo{I_ ~mOma H$s H$s_Vmo§/n[adVr© Ho CVma-M‹Tmd go Am°Z ~¡bo§g erQ VWm Am°\ ~¡bo§g erQ pñW{V`mo§ _o§ CËnÞ hmoZo dmbr hm{Z`mo§ H m Omo{I_ h¡& n[adV©Zmo§ H m ~¢H AO©Z Am¡a CgH$s ny§Or na grYm à^md
61ANNUAL REPORT 2018-19
on the Bank’s earnings and its capital. These changes can have ramifi cations on Bank’s liquidity and profi tability.
17.3.2 The Bank has implemented Market Risk Policy for managing the Market Risk in domestic treasury, country risk management and precious metal operations. The policy emphasizes effective measurement, monitoring and management of liquidity, interest rates, domestic treasury operations, foreign exchange and equity as well as commodity price risk of the Bank. The Market Risk in trading book is monitored and managed as per appropriate control mechanism in place. Market position, funding patterns, duration, counterparty limits and various sensitive parameters are closely monitored. Advanced risk management tools such as Value at Risk (VaR), Net Overnight Open Position Limits (NOOPL) and modifi ed duration limits are used in managing Market Risk.
17.3.3 Bank is following Standardized Duration Approach for computation of capital charge for Market Risk.
17.4 Asset Liability Management (ALM)
17.4.1 The ALM function involves planning, directing and controlling the fl ow, level, mix, cost and yield of various assets and liabilities of the Bank. The primary objective of ALM is not only to eliminate the risk, but to manage it in such a way that the decrease in earnings due to Repricing risk, Yield curve risk and Basis risk is minimal.
17.4.2 As a part of Risk Management and control, the Bank is using ALM system for studying and analyzing the interest rate sensitivity (GAP Analysis), Maturity and Liquidity analysis of Assets and Liabilities. The Bank is measuring the liquidity using the stock and fl ow approach. Further, models like Earning at Risk and Duration are used for Interest rate risk management. Stress testing of liquidity risk and interest rate risk is conducted on quarterly basis. The Bank applies Value-at-Risk (VaR) to measure the risk in the Trading Book. Asset Liability Management Committee (ALCO) monitors the Liquidity Coverage Ratio (LCR) which promotes short term resilience of Banks to potential liquidity disruptions by ensuring that they have suffi cient High Quality Liquid Assets (HQLA) to survive an acute stress scenario over a time horizon of 30 days. The Bank has also implemented a scientifi cally evolved Internal Transfer Pricing Mechanism by assigning values on basis of current market rates to funds provided and funds used by various Branches/units of the Bank. The Market Risk Management Committee/Asset Liability Management Committee meets at regular intervals to review the interest rate scenario, product pricing for both deposits and advances, desired maturity profi le
hmoJm& BZ n[adV©Zmo§ H m ~¢H H$s Mb{Z{Y Am¡a bm^àXVm na ^r à^md hmo
gH Vm h¡&
17.3.2 ~¢H Zo Xoer Q—oOar, Xoe Omo{I_ à~§YZ Am¡a H$s_Vr YmVw n[aMmbZ
_o§ ~mOma Omo{I_ Ho à~§YZ hoVw ~mOma Omo{I_ Zr{V H m`m©pÝdV H$s h¡& Zr{V
_o§ Mb{Z{Y H m à^mdr _mn, {ZJamZr Am¡a à~§YZ, ã`mO Xa, Xoer Q—oOar
boZXoZ, {dXoer {d{Z_` VWm B©p¹Qr Ho gmW ~¢H Ho B©p¹Qr Am¡a
nÊ`_yë` Omo{I_ na Omoa {X`m OmVm h¡& ì`mnma ~hr _o§ ~mµOma Omo{I_
H$s Cn`wº {Z`§ÌU ì`dñWm Ho AZwgma {ZJamZr VWm à~§YZ {H m OmVm
h¡& ~mµOma pñW{V, {Z{Y`Z ñdê$n, Ad{Y, à{Vnj gr_mE± VWm {d{^Þ
g§doXZerb _mZX§Smo§ na {ZJamZr aIr OmVr h¡& àmoÞV Omo{I_ à~§YZ Cnm`,
O¡go Omo{I_ na _yë`(drEAma), {Zdb EH {Xdgr` Iwbr pñW{V gr_m
(EZAmoAmonrEb) VWm g§emo{YV g_`md{Y gr_m ~mµOma Omo{I_ Ho à~§YZ _o§
à`wº hmoVo h¢&
17.3.3 ~¢H ~mOma Omo{I_ Ho {bE ny±OrJV à^ma Ho n[aH bZ Ho {bE _mZH
Ad{Y X¥pîQH moU AnZm ahm h¡ &
17.4 AmpñV Xo`Vm à~§YZ (EEbE_)
17.4.1 AmpñV Xo`Vm à~§YZ H m`© _o§ ~¢H H$s {d{dY AmpñV`mo§ Am¡a
Xo`VmAmo§ H m àdmh, ñVa, {_lU, bmJV VWm à{V\ b H$s Am`moOZm H aZm,
{Z{X©îQ H aZm d {Z`§{ÌV H aZm em{_b h¡& AmpñV Xo`Vm à~§YZ H m àmW{_H
CÔoí` Omo{I_ {_QmZm Zht h¡, ~pëH CgH m à~§YZ Bg àH ma H aZm h¡ {H
nwZ_y©ë`m§H Z Omo{I_ Ho H maU AO©Z _o§ H _r, AO©Z Omo{I_ Am¡a AmYma
Omo{I_ Ý`yZV_ hmo&
17.4.2 Omo{I_ à~§YZ Ed§ {Z`§ÌU Ho EH A§J Ho ê$n _o§ ~¢H ã`mO Xa
g§doXZerbVm (J¡n {díbofU), AmpñV`mo§ Ed§ Xo`VmAmo§ H$s n[an¹Vm Am¡a
VabVm H m {díbofU H aZo Ho {bE AmpñV Xo`Vm à~§YZ àUmbr H m BñVo_mb
H a ahm h¡& ~¢H Ûmam VabVm H m _mnZ ñQm°H EÊS âbmo X¥pîQH moU Ho Cn`moJ go
{H m OmVm h¡& BgHo Abmdm, ã`mO Xa Omo{I_ à~§YZ Ho {bE Omo{I_ na
AO©Z Ed§ Ad{Y O¡go _m°Sb H m BñVo_mb {H m OmVm h¡& {V_mhr AmYma na
VabVm Omo{I_ VWm ã`mO Xa Omo{I_ Ho X~md H m narjU {H m OmVm h¡& ~¢H
ì`mnma ~hr _o§ Omo{I_ _mnZo Ho {bE Omo{I_ na _yë`(drEAma) bmJy H aVm
h¡& AmpñV Xo`Vm à~§YZ g{_{V (EEbgrAmo) VabVm Mb{Z{Y (EbgrAma)
AZwnmV H$s {ZJamZr H aVr h¡, Omo ~¢H H$s g§^m{dV Mb{Z{Y H {RZmB©`mo§ Ho
à{V bKw Ad{Y à{VamoY j_Vm H mo `h gw{Z{üV H aVo hwE ~‹Tmdm XoVr h¡ {H
CZHo nmg 30 {XZ VH MbZodmbr ^mar VZmd H$s pñW{V H m gm_Zm H aZo
Ho {bE n`m©ßV _mÌm _o§ CÀM JwUdÎmm Mb{Z{Y AmpñV`m§ (EMŠ`yEbE) h¡&
BgHo gmW hr ~¢H Zo ~¢H H$s {d{dY emImAmo§ Ûmam àXmZ H$s JB© {Z{Y Am¡a
à`wº H$s JB© {Z{Y Ho {bE Mmby ~mOma Xa Ho AmYma na _yë` {ZYm©[aV H aVo
hwE EH d¡km{ZH X¥pîQ go {dH {gV Am§V[aH _yë` A§VaU ì`dñWm H m`m©pÝdV
H$s h¡& ~mOma Omo{I_ à~§YZ g{_{V/AmpñV Xo`Vm à~§YZ g{_{V ã`mO
Xa n[aX¥í`, O_mam{e`mo§ Ed§ A{JŒ_o§ hoVw CËnmX _yë`-{ZYm©aU, d¥{Õerb
62
of the incremental assets and liabilities, demand for Bank funds, cash fl ows of the Bank, profi t planning and overall Balance Sheet Management.
17.4.3 Bucketing of outfl ows and infl ows of deposits, advances and investments: The Bank is bucketing various assets and liabilities in various buckets of Structural Liquidity Statements. The residual maturity breakdown of deposits and various nature of advances, investments are bucketed in terms of RBI guidelines on Asset Liability Management issued from time to time i.e. Bills Purchased and Discounted are bucketed as per their respective maturities, Cash Credit/Overdraft are bucketed as per the behavioural pattern i.e. the volatile portions in Day 1, 2-7 days and 8-14 days and core portion in over 1-3 years bucket, term Loans under respective maturity buckets, NPA: Substandard over 3-5 years, Doubtful and Loss over 5 years bucket. Investments are bucketed as per respective maturity buckets/according to defeasance periods and in terms of ALM guidelines issued by RBI.
17.4.4 Residual Maturity Breakdown of assets as on 31.03.2019
n[an¹Vm ~Ho Q²gMaturity Buckets
Ama~rAmB© _o§ ZH X Ed§ eof
Cash and Balance
with RBI
~¢H _o§ eof Ed§ _m±J _wÐm VWm Ëd[aV
gyMZm naBalances with
Banks and Money at Call
and Short Notice
{ZdoeInvestments
A{JŒ_ Advances
ñWm`r AmpñV Fixed
Assets
AÝ` AmpñV Other Assets
gH b `moJ Grand Total
AJbo {XZ Next Day 24,878.8 724.8 104,258.0 25,231.5 - 19,487.9 174,581.0
2 - 7 {XZ Days 3,162.8 25,809.1 19,525.8 39,111.4 - 39,194.4 126,803.4
8 -14 {XZ Days 2,953.5 0.0 10,162.6 29,470.7 - 28,763.2 71,350.1
15- 31 {XZ Days 1,877.1 816.9 7,267.0 100,307.0 - 30,147.9 140,415.8
31 {XZ Days – 2 _mh Months 2,278.1 1,728.9 17,921.7 40,389.7 - 31,662.6 93,981.0
>2 _mh Months-3 _mh Months 1,934.7 0.0 9,791.4 47,431.7 - 9,206.0 68,363.8
>3 _mh Months-6 _mh Months 5,585.8 0.0 29,565.5 40,087.0 - 7,903.5 83,141.8
>6 _mh Months-1 df© Yr 8,207.9 0.0 43,091.8 90,492.2 - 35,160.0 176,951.9
>1 df© Yr-3 df© Yrs 13,413.9 0.0 64,376.3 557,845.5 - 61,800.8 697,436.4
>3 df© Yrs- 5 df© Yrs 3,180.4 0.0 22,590.4 127,964.3 - 18,924.8 172,659.9
>5 df© Yrs 29,137.8 0.0 271,241.5 114,181.1 14,218.5 9,940.0 438,718.9
Hw b Total 96,610.7 29,079.7 599,792.0 1,212,512.0 14,218.5 292,191.0 2,244,403.9
{H E JE àmdYmZ Ed§ Xmdo Provision and claims held 12,359.7 137,970.5 - - 150,330.1
gH b {Zdoe/A{JŒ_ Gross Investments/ Advances 612,151.7 1,350,482.5 - - 2,394,734.1
AmpñV`mo§ Ed§ Xo`VmAmo§ H m dm±{NV n[an¹Vm àmo\ mBb, ~¢H {Z{Y`mo§ hoVw _m±J, ~¢H H m ZH X àdmh, bm^àXVm Am`moOZm Ed§ g_JŒ VwbZ nÌ à~§YZ H$s g_rjm hoVw {Z`{_V A§Vamb _o§ ~¡RH H aVr h¡&
17.4.3 O_m, A{JŒ_ Ed§ {Zdoe Ho ~{hà©dmh Am¡a A§V:àdmh H mo dJr©H¥ V
H aZm: ~¢H g§aMZmJV VabVm {ddaUmo§ Ho {d{^Þ dJmoª _o§ {d{^Þ AmpñV`mo§ Am¡a Xo`VmAmo§ H mo aIVm h¡& g_`-g_` na AmpñV Xo`Vm à~§YZ na ^m[a~¢ Ho {Xem{ZXoemo§ Ho AmbmoH _o§ O_mAmo§ H mo I§SrH aU H a CgH m n[an¹Vm _yë` Am¡a A{JŒ_mo§ H$s {d{^Þ àH¥ {V, {Zdoe H mo dJmoª _o§ aIm OmVm h¡ AWm©V IarXo JE Am¡a ~ÅmH¥ V {H E JE {~bmo§ H mo CZH$s n[an¹Vm Ho AmYma na dJr©H¥ V
{H m OmVm h¡, H¡ e HŒo {SQ/AmodaS—mâQ H mo CZHo boZXoZ H$s nÕ{V AWm©V 1, 2-7 {XZmo§ Am¡a 8-14 {XZmo§ VWm 1-3 dfmoª Ho dJ© _o§ CgHo H moa ^mJ H mo aIm OmVm h¡, gmd{Y G$U H mo CZHo n[an¹Vm Ho AmYma na {d{^Þ dJ©, EZnrE
3-5 df© go A{YH Ad_mZH , g§{X½Y Am¡a j{VJŒñV H mo 5 df© go A{YH Ho dJ© _o§ ^m[a~¢ Ûmam Omar EEbE_ {Xem {ZXoemo§ Ho AmbmoH _o§ VËg§~§{YV
n[an¹Vm dJ©/{d\ brH aU Ad{Y Ho AZwgma dJr©H¥ V {H m OmVm h¡&
17.4.4 {XZm§H 31.03.2019 H mo AmpñV`mo§ Ho Ad{eîQ n[an¹Vm {dÀNoX
63ANNUAL REPORT 2018-19
17.5 Implementation of Benchmark rates like Base rate and Marginal Cost of fund based lending Rates (MCLR)
17.5.1 Bank is computing the Marginal cost of fund based lending rates, which are tenor based, with effect from April 1, 2016. These rates are reviewed every month.
17.5.2 Bank is reviewing the base rate on quarterly basis.
17.6 Operational Risk
17.6.1 Operational Risk is embedded in all business operations and the management of operational risk is an important part of the sound Integrated Risk Management Structure. Due to size, complexity of business and risk philosophy of the Bank, emphasis is being given to impart knowledge at the fi eld level through continuous training process.
17.6.2 The Bank has implemented Operational Risk Management Policy for managing the operational risk in an effective manner. The Bank has also implemented framework documents for Business Line Mapping, Loss Data Capture, Risk Control Self-Assessment (RCSA) and Key Risk Indicator (KRI). At present Bank is calculating capital charge for operational risk under Basic Indicator Approach. The Bank has received approval from RBI to migrate to The Standardized Approach (TSA) for calculating operational risk capital charge on parallel run basis.
17.6.3 The Bank has rolled out Incident Reporting module in intranet portal where any operational risk incident can be reported by the branches/offi ces as and when the incident is detected.
17.6.4 The Bank has also rolled out Risk & Control Self-Assessment (RCSA) module in intranet portal where employees can suggest controls to improve systems and procedures in the Bank.
17.6.5 All the issues related to operational Risk are deliberated in the Operational Risk Management Committee meeting.
17.7 Information/Cyber Security
Corporation Bank is committed to provide safe and secure digital banking experience to its customers. In order to achieve Confi dentiality, Integrity and Availability of all Information Assets of the Bank and to ensure the regulatory, operational and contractual requirements are fulfi lled, bank has put in place robust systems and procedure which is well defi ned in bank’s Information Security policy and Information Security Guidelines.
In line with RBI notifi cation on Cyber Security Frame Work in Banks dated 02.06.2016, our bank is one of the front runner in formulating Cyber Security Policy, which outlines the directives designed to maintain cyber security, and put in place Cyber Crisis Management plan, a co-ordinated approach towards
17.5 ~o§M_mH© Xamo§ O¡go AmYma Xa Am¡a {Z{Y H$s gr_m§V bmJV na AmYm[aV Xa H mo bmJy H aZm
17.5.1 ~¢H {Z{Y H$s gr_m§V bmJV na AmYm[aV Xa, Omo {H Ad{Y AmYm[aV hmoVr h¢, H$s g§JUZm 1 Aà¡b 2016 go H aVm h¡ & BZ Xamo§ H$s g_rjm àË`oH _mh H$s OmVr h¡&
17.5.2 ~¢H {V_mhr AmYma na Xa H$s g_rjm H a ahr h¡ &
17.6 n[aMmbZJV Omo{I_
17.6.1 n[aMmbZJV Omo{I_ g^r H mamo~ma n[aMmbZmo§ _o§ A§V{Z©{hV h¡ VWm n[aMmbZJV Omo{I_ H m à~§YZ gwX¥T EH$sH¥ V Omo{I_ à~§YZ àUmbr H m _hËdnyU© A§J h¡& H mamo~ma H m AmH ma VWm O{QbVm VWm ~¢H Ho Omo{I_ Xe©Z Ho n[aàoú` _o§ {Za§Va à{ejU à{HŒ m Ho _mÜ`_ go joÌ ñVa Ho H m{_©H mo§ H mo kmZ XoZo na Omoa {X`m OmVm h¡&
17.6.2 ~¢H Zo n[aMmbZJV Omo{I_ Ho H maJa ê$n go à~§YZ Ho {bE n[aMmbZJV Omo{I_ à~§YZ Zr{V H m`m©pÝdV H$s h¡ & ~¢H Zo {~OZog bmBZ _¡qnJ, bm°g SmQm H¡ ßMa, Omo{I_ {Z`§ÌU ñd-AmH bZ (AmagrEgE), _w»` Omo{I_ g§Ho VH (Ho AmaAmB©)& dV©_mZ _o§ ~¢H _yb g§Ho VH X¥pîQH moU Ho VhV n[aMmbZ Omo{I_ Ho {bE ny§Or à^ma n[aH {bV H a ahm h¡& ~¢H Zo g_mZmÝVa J{V_mZ AmYma na n[aMmbZJV Omo{I_ ny§Or à^ma n[aH bZ hoVw _mZH$sH¥ V X¥pîQH moU (QrEgE) _o§ ñWmZm§V[aV hmoZo Ho {bE ^m[a~¢ go AZw_moXZ àmßV {H m h¡|
17.6.3 ~¢H Zo B§Q—mZoQ nmoQ©b _o§ B§{gSo§Q [anmoqQ©J _m°S²`yb H mo g_m{dîQ {H m h¡ {Og_o§ H moB© ^r emIm/H m`m©b` {H gr ^r àH ma H$s n[aMmbZJV Omo{I_
g§~§Yr KQZm Ho ~mao _o§ nVm bJVo hr CgH$s [anmoQ© H a gH Vo h¢&
17.6.4 ~¢H Zo B§Q—mZoQ nmoQ©b _o§ [añH E§S H§ Q—mob goë\ Agoñ_o§Q (AmagrEgE)
_m°S²`yb H mo g_m{dîQ {H m h¡ {Og_o§ H _©Mmar ~¢H H$s àUmbr Ed§ {HŒ m{d{Y
_o§ gwYma hoVw gwÂmmd Xo gH Vm h¡&
17.6.5 n[aMmbZJV Omo{I_ g§~§Yr g^r _wÔmo§ H$s MMm© n[aMmbZJV Omo{I_
à~§YZ g{_{V _o§ H$s OmVr h¡&
17.7 gyMZm/gmB~a gwajm
~¢H AnZo JŒmhH mo§ H mo gwa{jV Am¡a {dœñV {S{OQb ~¢qH J AZw^d àXmZ H aZo hoVw à{V~Õ h¡& ~¢H H$s g_ñV gyMZm AmpñV`mo§ H$s JmonZr`Vm, AI§SVm Am¡a CnbãYVm H mo àmßV H aZo hoVw Am¡a {d{Z`m_H , n[aMmbZmË_H VWm g§{dXmJV
Amdí`H VmAmo§ H mo nyam H aZo H mo gw{Z{üV H aZo hoVw ~¢H Zo geº àUmbr Am¡a à{HŒ m H m H m`m©Ýd`Z {H m h¡ Omo ~¢H H$s gyMZm gwajm Zr{V Ed§ gyMZm gwajm {Xem {ZXoemo§ _o§ gwn[a^m{fV h¡&
~¢H mo§ _o§ H m`©aV gmB~a gwajm na ^m[a~¢ Ho A{YgyMZm {XZm§H 02.06.2016
Ho AZwê$n h_mam ~¢H gmB~a gwajm Zr{V V¡`ma H aZo _o§ AJŒUr ahm h¡ {Og_o§ gmB~a gwajm Ho AZwajU hoVw {Xem{ZXoemo§ H$s ê$naoIm h¡ Am¡a ~¢H H$s O{Qb
H mamo~ma {HŒ mAmo§ VWm à{HŒ m H mo à^m{dV H aZo dmbo Xw^m©dZmnyU© gmB~a go
64
preparation for rapid identifi cation, information exchange, response and remediation - to mitigate and recover from malicious cyber related incidents impacting critical business functions and processes of the bank.
Taking into account the present cyber threat landscape, bank has upgraded the capabilities of already existing Security Operation Centre (SOC) to an advanced Cyber-SOC through which bank’s critical IT assets are monitored, assessed, and defended by on 24*7 basis.
While the bank is complying with the directives issued by Reserve bank of India, from time to time in the area of Information/Cyber security standards, bank also implements the best practices suggested by organizations like, Indian Computer Emergency Response Team (CERT-In), National Critical Information Infrastructure Protection Centre (NCIIPC), and Institute for Development and Research in Banking Technology (IDRBT) The Bank has also complied with the mandatory guidelines issued by SWIFT.
Bank is actively participating in various meetings and fora organised by CERT In, RBI and IDRBT to keep updated in latest security technologies and to continuously upgrade the security posture of the bank.
Bank is in the process of obtaining Cyber Insurance Cover. As an initial step, the Bank has appointed an Insurance Broker and it is in the fi nal stage to obtain the Cyber Risk Insurance Policy for the Bank.
18. Manpower Planning and RecruitmentThe main objective of Human Resources Management is to ensure high performance of employees for achievement of organizational goals along with their personal growth. The growth of the Bank depends on the effi ciency and effectiveness of its human resources. It has been the endeavor of the Bank that optimum work force is available to all fi eld and functional outlets of the Bank at all times.
18.1 The Bank has been reviewing the requirement of staff in various cadres every year and an analysis of the vacancies in various cadres is being made having regard to growth of business, future branch expansion/rationalisation, attrition on account of resignations, retirements on superannuation/VRS etc. At the end of 31.03.2019, total staff strength of the Bank stood at 18935 (19419 as on 31.03.2018).
18.2 The guidelines for reservation in employment for specifi ed categories are strictly followed by the Bank as per Government policy on reservations and the indents are placed to Institute of Banking Personnel Selection (IBPS), Mumbai accordingly. The overall representation of Scheduled Casts/Scheduled Tribe employees in the total staff strength was 28.9% (5475) as on 31.03.2019. The Bank has also a fair representation of other reserved categories. As on 31.03.2019, overall 25.9%
gå~pÝYV XwK©QZm H$s Vwa§V nhMmZ, gyMZm {d{Z_`, à{V{HŒ m Am¡a gwYma -
Cgo H _ H aZo VWm Cggo C^aZo Ho {bE V¡`mar Ho ê$n _o§ EH g_pÝdV X¥pîQH moU
Ho ê$n _o§ gmB~a AmnXm à~ÝYZ `moOZm V¡`ma H$s JB© h¡ &
dV©_mZ gmB~a IVao Ho n[aX¥í` H mo Ü`mZ _o§ aIVo hwE ~¢H Zo {dÚ_mZ gwajm
n[aMmbZ Ho ÝÐ (EgAmogr) H$s j_VmAmo§ H m CÞV gmB~a-EgAmogr _o§
CÞ`Z {H m h¡ {OgHo Ûmam ~¢H H$s _hËdnyU© AmpñV`mo§ H$s {ZJamZr, CgH m
_yë`m§H Z {H m Om gHo Am¡a 24*7 AmYma na CgH$s ajm H$s Om gHo &
gyMZm/gmB~a gwajm _mZH Ho joÌ _o§ g_` - g_` na ^maVr` [a‹Od© ~¢H
Ûmam Omar {Xem{ZXoemo§ H m AZwnmbZ H aVo hwE ~¢H Zo g§JRZmo§ `Wm B§{S`Z
H åß`yQa aoñnmo§g Qr_ (grB©AmaQr-BZ), ZoeZb {HŒ {QH b B§\ mo_o©eZ B§\Œ mñQy>ŠMa
àmoQoŠeZ go§Qa (EZgrAmB©AmB©nrgr) Am¡a B§ñQrQ²>`yQ \ moa Sodbn_o§Q E§S argM©
QoŠZmobmoOr (AmB©SrAma~rQr) Ûmam gwÂmmE JE loîR Cnm`mo§ H m ^r H m`m©Ýd`Z
{H m h¡&
~¢H grB©AmaQr BZ, ^m[a~¢ Am¡a AmB©Sr~rAmaQr Ûmam Am`mo{OV {d{^Þ ~¡RH mo§
Ed§ _§Mmo§ _o§ g{HŒ ê$n go ^mJ boVm h¡ Vm{H ZdrZV_ gwajm VH ZrH Ho ~mao
_o§ AÚVZ OmZH mar àmßV hmoVr aho Am¡a ~¢H H$s gwajm ì`dñWm H m AZdaV
CÞ`Z {H m Om gHo &
~¢H gmB~a ~r_m H da àmßV H aZo H$s à{HŒ m _o§ h¡& àmW{_H MaU _o§ ~¢H Zo
~r_m ~ŒmoH a H$s {Z`w{º H$s Ed§ ~¢H Ho {bE gmB~a Omo{I_ ~r_m nm°{bgr àmßV
H aZo _o§ A§{V_ MaU _o§ h¡&
18. _mZd g§gmYZ à~§YZ
{H gr ^r g§ñWm _o§ _mZd g§gmYZ à~§YZ H m à_wI CÔoí` H _©Mm[a`mo§ H m CÀM
H m`© {ZînmXZ gw{Z{üV H aZm h¡ {Oggo CZH$s ì`{ºJV àJ{V Ho gmW-gmW
g§ñWm Ho bú`mo§ H$s àmpßV H$s Om gHo & ~¢H H$s àJ{V BgHo _mZd g§gmYZmo§
Ho H m¡eb Am¡a à^mderbVm na {Z^©a H aVr h¡ &~¢H H m `h à`mg ahm h¡ {H
g^r joÌmo§ Am¡a {HŒ mË_H BH mB©`mo§ _o§ ha g_` g_w{MV _mZd-e{º CnbãY
aho &
18.1 ~¢H {d{^Þ g§dJmoª _o§ ñQm\ H$s Amdí`H Vm H$s g_rjm àË`oH df©
H aVm h¡ Am¡a H mamo~ma d¥{Õ , ^{dî` _o§ emIm {dñVma/`w{ºH aU Am¡a
BñVr\ m, A{Yd{f©Vm/drAmaEg Ûmam godm{Zd¥{Îm Ho H maU {d{^Þ g§dJmoª _o§
hmoZo dmbr [a{º`mo§ H m {díbofU H aVm h¡ & 31 _mM©, 2019 H mo H _©Mm[a`mo§ H$s
Hw b g§»`m 18935 ahr (31.03.2018 H mo 19419 Wr)
18.2 {d{eîQ lo{U`mo§ hoVw amoOJma Ho {bE ~¢H AmajU g§~§Yr gaH mar Zr{V
Ho AZwgma AmajU g§~§Yr {Xem{ZXo©emo§ H m g»V AZwnmbZ H aVm h¡ Am¡a
VXZwgma ~¢qH J H m{_©H M`Z g§ñWmZ (AmB©~rnrEg) H mo _m§J àñVwV H aVm h¡&
31 _mM©, 2019 H mo Hw b H _©Mm[a`mo§ H$s g§»`m _o§ AZwgy{MV Om{V/AZwgy{MV
OZOm{V H m à{V{Z{YËd 28.9% (5475) h¡& ~¢H _o§ AÝ` Ama{jV àdJmo©
H m ^r `Wmo{MV à{V{Z{YËd h¡& `Wm 31 _mM©, 2019 H mo 25.9% (4907)
65ANNUAL REPORT 2018-19
(4907) belong to Other Backward Communities, 2.11% (400) belong to differently abled and 6.83% (1295) belong to Ex-Servicemen category.
19. Human Resources Development and Training
19.1 Training and development of all Staff Members is a key focus area for the Bank. Training is a major facilitator for the Human Resources of the Bank in achieving the desired business goals of the Bank. Trainings focus on developing key competencies, which are required by individuals to perform their functions effectively. With the banking industry changing dynamically, the role and responsibility of the Bank increases to prepare the work force in tackling the challenged, especially in a situation when the senior experienced Bankers are at the verge of retirement and the new-age young professionals are getting ready to accept the responsibility. The Bank not only has to welcome the new recruits by giving them the basic knowledge about the functioning of industry but also to train them regularly to compensate the difference in experience that the outgoing senior staff members had gained with their long & challenging service records.
19.2 During the Financial Year 2018-19, the Bank concentrated on improving the skills of the Human Resources of the Bank based upon their present role and Bank’s requirement. Accordingly, a total of 13199 Staff Members were imparted different types of trainings involving 35212 Man-days.
19.3 During 2018-19, 454 in-house & 54 In-Company Programmes were organised as against 796 in-house and 38 In-company programmes held during the previous year 2017-18. These 508 programmes were attended by 12611 staff members. The duration of these programmes ranged from 1 to 13 Days involving 33535 Man-Days.
19.4 In order to improve the specialised skills, 619 Staff Members are nominated and attended to External Training Programmes of on various topics at various reputed training institutes like NIBM, CAB (RBI), CAFRAL, CRISIL, IDRBT etc. on various topics during the Financial Year 2018-19 involving 1785 Man-Days.
19.5 Out of the total 12611 Staff Members trained by the Bank, 4008 Staff Members belonged to SC/ST community and 3080 Staff Members belong to OBC community.
20. Promotions:Promotion is a big milestone in the career of every employee. To take care of the aspirations for growth of employees, Bank has been providing optimum opportunities for career progression to the employees to shoulder higher responsibilities. Bank has promoted 1263 employees in Financial Year 2018-19, fi lling promotional vacancies of 9 General Managers, 22 Deputy General Managers, 48 Assistant General Managers, 144 Chief
ñQm\ AÝ` {nN‹So dJ© Ho H _©Mmar, 2.11% (400) emar[aH ê$n go {dH bm§J Am¡a 6.83% (1295) ^yVnyd© g¡{ZH ~¢H H$s ñQm\ gyMr _o§ h¢&
19. _mZd g§gmYZ {dH mg Ed§ à{ejU
19.1 g^r H _©Mm[a`mo§ H m à{ejU Am¡a {dH mg ~¢H Ho {bE Ü`mZ XoZo hoVw EH à_wI joÌ h¡ & ~¢H Ho _mZd g§gmYZmo§ hoVw dm§N Zr` bú` àmßV H aZo hoVw ghm`Vm H aZo _o§ à{ejU à_wI H maH h¡ & à{ejU ì`{º`mo§ H mo _w»` mo½`VmE± àXmZ H aZo na {deof Ü`mZ XoVm h¡ {Oggo dh AnZm H m`© H m {ZînmXZ à^mdr ê$n go H a gHo§ & ~hwV VoOr go ~Xb aho ~¢qH J CÚmoJ _o§, {deofV: Eogr n[apñW{V _o§ O~ d[aîR Am¡a AZw^dr ~¢H g© godm{Zd¥Îm hmo aho h¢ Am¡a ZE C_Œ Ho `wdm noeoda {Oå_odmar H mo boZo Ho {bE AmJo Am aho h¢, MwZm¡{V`mo§ H m gm_Zm H aZo Ho {bE H m`© Xb H mo V¡`ma H aZo hoVw ~¢H H$s ^y{_H m Am¡a Xm{`Ëd ~T J`m h¡& ~¢H Z Ho db ZE gXñ`mo§ H m CÚmoJ Ho H$m`©H bmn Ho ~mao _o§ àma§{^H kmZ XoH a ñdmJV H aVm h¡ A{nVw CÝho§ {Z`{_V Vm¡a na à{e{jV ^r H aVm h¡ {Oggo OmZo dmbo d[aîR A{YH m[a`mo§ H$s bå~r MwZm¡VrnyU© godm [aH mS© Ûmam àmßV AZw^d H$s ^anmB© H$s Om gHo &
19.2 {dÎm df© 2018-19 Ho Xm¡amZ ~¢H Zo ~¢H Ho _mZd g§gmYZmo§ Ho CZH$s dV©_mZ ^y{_H m Am¡a ~¢H H$s Amdí`H VmAmo§ na AmYm[aV H m¡eb {dH mg na Ü`mZ {X`m h¡ & VXZwgma Hw b 13199 ñQm\ gXñ`mo§ H mo 35212 H m`© {Xdgmo§ _o§ {d{^Þ àH ma H m à{ejU {X`m J`m&
19.3 df© 2018-19 Ho Xm¡amZ, {nNbo df© 2017-18 Ho Xm¡amZ Am`mo{OV
796 Am§V[aH VWm 38 H m`©HŒ _mo§ H$s VwbZm _o§ 454 Am§V[aH VWm 54
H m`©HŒ _ Am`mo{OV {H E JE& BZ 508 H m`©HŒ _mo§ _o§ 12611 ñQm\ gXñ`mo§ H$s gh^m{JVm ahr& BZ H m`©HŒ _mo§ H$s Ad{Y 1 go 13 {Xdg Ho ~rM Am¡a Hw b 33535 _mZd {Xdg Wr &
19.4 {deofk H m¡eb Ho {dH mg hoVw 619 ñQm\ gXñ`mo§ H mo {d{^Þ à{VpîRV à{ejU g§ñWmAmo§ O¡go EZAmB©~rE_, grE~r (Ama~rAmB©), grEE\ AmaEEb,grAmaAmB©EgAmB©Eb,AmB©SrAma~rQr Am{X _o§ {d{^Þ {df`mo§ na df© 2018-19 _o§ 1785 H m`© {Xdgmo§ _o§ ~mø à{ejU H m`©HŒ _mo§ hoVw à{V{Z`wº {H m J`m &
19.5 ~¢H Ûmam à{e{jV Hw b 12611 ñQm\ gXñ`mo§ _o§ 4008 ñQm\ gXñ`A.Om./A.O.Om. g_wXm` Ho h¢ Am¡a 3080 ñQm\ gXñ` A.{n.d g_wXm` Ho h¢ &
20. nXmoÞ{V`m±:
nXmoÞ{V àË`oH H _©Mmar Ho H¡ [a`a _o§ EH ~‹Sm _rb H m nËWa h¡& àJ{V Ho {bE H _©Mm[a`mo§ H$s AmemAmo§ H m Ü`mZ aIVo hwE ~¢H Zo CÀM Xm{`Ëd {Z^mZo hoVw H _©Mm[a`mo§ H mo g_w{MV Adga VWm H¡ [a`a àJ{V àXmZ H$s h¡& & ~¢H Zo df© 2018-19 Ho Xm¡amZ 1263 H _©Mm[a`mo§ H mo nXmoÞV {H m, {Og_o§ 9 _hm à~§YH , 22 Cn _hm à~§YH , 48 ghm`H _hm à~§YH , 144 _w»` à~§YH ,
66
Managers, 272 Senior Managers, 468 Managers, 300 Assistant Managers and 68 Clerks.
21. Inspection & Audit
21.01 As per the guidelines of the Government of India and RBI, the Bank has adopted the policy of Risk Based Internal Audit (RBIA). This audit lays focus on proper risk identifi cation and assessment, effective risk containment and management measures, adequacy of control systems and procedures, as well as optimum use of resources. It aims at giving an assurance to the Management on the level of regulatory and systemic compliance, besides assisting in accomplishment of corporate governance objectives.
21.02 In order to have focused attention on internal audit of branches and follow up functions adequately and effi ciently, the CAOs, located at important centers across the country, conduct audit and close the audit reports of all branches, other than ELB’s. In terms of the Audit Policy, closure of ELB reports is at IAD-HO. Monthly Circle Audit Committee meetings are held with the CAO’s to discuss the critical fi ndings/observations of the audit reports and lodgment of reports.
21.03 All the Branches of the Bank are subjected to internal inspection so as to contain risk, have effective control mechanism and improve effi ciency of operations. Risk based internal branch inspection is conducted once in 12 to 18 months depending upon the risk perception of each Branch. The periodicity of branch inspection is decided based on category of the Branch as well as the risk rating allotted, in the previous inspection of the branch. Newly opened branches are subjected to fi rst inspection within 6-9 months from the date of starting the operations. 2014 Branches were subjected to Risk Based Internal Audit during the FY 2018-19.
21.04 Risk Based Snap Audits (RBSA) were conducted for 87 Branches.
21.05 Management Audit: All the functional Divisions at Head Offi ce, Circle Offi ces, Zonal Offi ces & Circle Audit Offi ces are conducted once in a year. Other Offi ces such as Capital Market Branch, COBSETI at Chikmagalur, STCs, Lead Bank Offi ces, CMS Core centers, ATM centers, Credit Card Division, etc. are subjected to Management Audit during the year. Further, Treasury Branch, Mumbai, Forex DBs, CAPS Branches, Currency Chests, Service Branches, ARMBs, Retail Hubs, LIC Hubs etc. are subjected to annual inspection.
21.06 In terms of RBI guidelines, Concurrent Audit is carried out at the Branches/Offi ces identifi ed based on risk perception and volume of business handled. 523 branches covering 70%
272 d[aîR à~§YH , 468 à~§YH , 300 ghm`H à~§YH Am¡a 68 {b{nH em{_b h¢ &
21. {ZarjU Ed§ boIm narjm
21.01 gaH ma Am¡a ^maVr` [aµOd© ~¢H Ûmam Omar {Xem{ZXo©emo§ Ho AZwgma, ~¢H Zo Omo{I_ AmYm[aV Am§V[aH boIm narjm (Ama~rAmB©E) H$s Zr{V AnZmB© h¡& `h boIm narjm C{MV Omo{I_ {ZYm©aU Am¡a AmH bZ, H maJa Omo{I_ {Z`§ÌU Am¡a à~§YZ Cnm`, {Z`§ÌU àUmbr Ed§ à{HŒ m VWm g§gmYZmo§ Ho BîQV_ Cn`moJ na Ü`mZ Ho§ {ÐV H aVr h¡& BgH m bú` H mnmo©aoQ A{^emgZ CÔoí`mo§ H$s àmpßV _o§ ghm`H hmoZo Ho gmW-gmW {d{Z`m_H VWm àUmbrJV AZwnmbZ ñVa Ho ~mao _o§ à~§YZ dJ© H mo AmœmgZ XoZm h¡&
21.02 emImAmo§ H$s Am§V[aH boIm-narjm Am¡a n`m©ßV d H maJa ê$n go AZwdV©Z na Ü`mZ Ho§ {ÐV H aZo Ho {bE Xoe a _o§ _hËdnyU© Ho §Ðmo§ _o§ _§Sb boIm narjm H m`m©b` pñWV h¢ Omo boIm narjm Am`mo{OV H aVo h¢ Am¡a B©Eb~r Ho A{V[aº g^r emImAmo§ H$s boIm narjm [anmoQ© ~§X H aVo h¢ & boIm narjm Zr{V Ho AZwgma à.H m.-AmB©ESr _o§ B©Eb~r [anmoQ© H mo ~§X H aVo h¢ & boIm narjm [anmoQmoª Ho _hËdnyU© {ZîH f©/{Qßn{U`mo§ Am¡a [anmoQ© H mo ~§X H aZo na MMm© H aZo hoVw grEAmo Ho gmW _§Sb boIm narjm g{_{V H$s _m{gH ~¡RH Am`mo{OV H$s OmVr h¡&
21.03 ~¢H H$s g^r emImAmo§ H m Am§V[aH {ZarjU {H m OmVm h¡ Vm{H Omo{I_ na A§Hw e hmo, H maJa {Z`§ÌU V§Ì hmo Am¡a n[aMmbZmo§ _o§ XjVm gwYao& àË`oH emIm H$s Omo{I_ ~moY AZw^d Ho AmYma na Omo{I_ AmYm[aV Am§V[aH emIm {ZarjU 12 go 18 _hrZmo§ _o§ EH ~ma {H m OmVm h¡& emIm {ZarjU H$s Amd{YH Vm emIm loUr Ho gmW-gmW emIm Ho {nNbo {ZarjU _o§ Am~§{QV Omo{I_ loUrH aU Ho AmYma na V` H$s OmVr h¡& ZB© Imobr JB© emImAmo§ H m nhbm {ZarjU n[aMmbZmo§ H mo ewê H aZo Ho 6-9 _hrZmo§ Ho rVa {H m OmVm h¡& {dÎm df© 2018-19 Ho Xm¡amZ 2014 emImAmo§ H$s Omo{I_ AmYm[aV Am§V[aH boIm narjm H$s JB©&
21.04 87 emImAmo§ H$s Omo{I_ AmYm[aV ñZ¡n boIm narjm Am`mo{OV H$s J`r &
21.05 à~§YZ boImnarjm… àYmZ H m`m©b`, _§Sb H m`m©b` Am¡a Am§M{bH H m`m©b`mo§ Ho g^r H m`m©Ë_H à^mJmo§ H$s à~§YZ boIm narjm df© _o§ EH ~ma H$s OmVr h¡& AÝ` H m`m©b`mo§ O¡go ny§Or ~mOma emIm, {MH _Jbya _o§ H m°~goQr, EgQrgr, AJŒUr ~¢H H m`m©b`, grE_Eg H moa Ho§ Ð, EQrE_ Ho§ Ð, HŒo {SQ H mS© à^mJ, å`y{O`_ Am{X H m ^r df© _o§ EH ~ma {Z`{_V {ZarjU {H m OmVm h¡& BgHo Abmdm Q—oOar emIm, _w§~B©, \ m°aoŠg Sr~r, H¡ ßg emImE§, H ao§gr MoñQ, godm emImE§, EAmaE_~r, IwXam h~, EbAmB©gr h~ Am{X H m ^r dm{f©H {ZarjU {H m OmVm h¡&
21.06 ^maVr` [aµOd© ~¢H Ho {Xem{ZXo©emo§ Ho AZwgma Omo{I_ Ad~moY Am¡a H mamo~ma H$s _mÌm Ho AmYma na A{^{ZYm©[aV emImAmo§/H m`m©b`mo§ _o§ {Z`{_V g§Jm_r boIm narjm H$s OmVr h¡& 2018-19 Ho Xm¡amZ 50%
67ANNUAL REPORT 2018-19
of total business of the Bank as against RBI’s stipulation for coverage of minimum 50% of deposits and 50% of advances, were subjected to Concurrent Audit during the year 2018-19,by engaging the services of external fi rms of Chartered Accountants. Further, identifi ed HO functional Divisions, FTS Centre at, Bangalore, Treasury Branch at Mumbai (which includes Investments, Precious Metal Cell and Forex Cell) were also subjected to Concurrent Audit. Concurrent Auditors’ meet is held every quarter by each Zonal Offi ce and is attended by the Chief of CAO and an Executive from HO (at times through video conference).
21.07 During 2018-19, Off-Site Audit for 1893 branches was conducted.
21.08 Audit of ATM Vaults, Service Provider Units (IT & Non-IT) are conducted once in a year. The Data Migration Assurance process of New Core Banking Solution is being conducted by external auditors empaneled under CERT-IN. As on 31.03.2019, the auditors have completed migration audit of 2564 branches that have migrated to Finacle. The Division has conducted 29 Service Provider Audits, 301 outsourcing audits, 9 locations for SOP compliance audit of DB Management & onsite IT vendor Management The Division has also conducted IS audits of 44 applications like CBS, FTS, FCS, NEFT, RTGS, ITMS, UPI infrastructure, SWIFT, Mobile Banking etc. & Seven Data Centre of the Bank by external auditors empaneled under CERT-IN. Audit of Storage of Payment Data and BHIM Aadhaar Aggregator audit was conducted by external auditors empaneled under CERT-IN. Cyber Security Audit was conducted by the Internal Auditor.
21.09 Pre-disbursement Credit audit of borrowal accounts with credit limits `50 lakhs & above has been carried out. During 2018-19, 164 pre-disbursement credit audit of `5 crore & above have been conducted by IAD-Head Offi ce.
21.10 During the fi nancial year 2018-19 the Division has conducted Revenue Audit & seepage of income to the tune of `80.26 crore has been detected.
21.11 The Division has initiated a scheme of recognizing good work of branches in getting the reports lodged well before the stipulated internal time norms. In this regard 100 Branches received Certifi cates of Commendation signed by Executive Director & 366 Branches received Certifi cates signed by General Manager-IAD, have been awarded to the Branch Heads. This measure has reduced the number of overdue inspection reports and has resulted in timely rectifi cation of irregularities, which helps to safeguard the interest of the Bank.
O_mam{e`m§ Am¡a 50% A{JŒ_ Ho Ý`yZV_ H daoO Ho {bE ^m[a~¢ Ho {ZYm©aU
H$s VwbZm _o§ ~¢H Ho Hw b H mamo~ma H m 70% g§^mbZo dmbr 523 emImAmo§ H$s
gZXr boImH mamo§ H$s ~mhar \ _© H$s godmE§ boVo hwE g§Jm_r boIm narjm H admB©
JB©& BgHo A{V[aº {Z{X©îQ àYmZ H m`m©b` H m`m©Ë_H à^mJ, E\ QrEg go§Qa,
~o§Jbya, _w§~B© _o§ Q—oµOar emIm ({Zdoe, ~hw_yë` YmVw H j Am¡a \ m°aoŠg H j
g{hV) H$s ^r g§Jm_r boIm narjm H$s OmVr h¡& àË`oH Am§M{bH H m`m©b`
Ûmam àË`oH {V_mhr _o§ g§Jm_r boIm narjH mo§ H$s ~¡RH Am`mo{OV H$s OmVr h¡
Am¡a Bg_o§ grEAmo Ho à_wI Am¡a à.H m. H m H moB© H m`©nmbH (g_`-g_` na
dr{S`mo H m°Z\Œo qgJ Ho _mÜ`_ go ) Adí` CnpñWV hmoVo h¢&
21.07 df© 2018-19 Ho Xm¡amZ 1893 emImAmo§ H m Am°\ -gmBQ {ZJamZr
boIm narjm H$s J`r&
21.08 EQrE_ dmëQ²g, godm àXmVm `y{ZQ²g (AmB©Qr Ed§ J¡a-AmB©Qr) H$s
boIm narjm df© _o§ EH ~ma H$s OmVr h¡& Ý`y H moa ~¢qH J gmoë`yeZ H$s SmQm
_mBJŒoeZ Eí`moao§e à{HŒ m H mo grB©AmaQr-AmB©EZ Ho A§VJ©V n¡Zb~Õ ~mø
boIm narjH mo§ Ûmam {H m OmVm h¡& {XZm§H 31.03.2019 H mo {\ ZoH b _o§
n[ad{V©V g_ñV 2564 emImAmo§ H$s _mBJŒoeZ boIm narjm nyar H a br
J`r h¡& Bg à^mJ Zo 29 godm àXmVm boIm narjm, 301 AmCQgmoqg©J boIm
narjm, 9 ñWmZmo§ na Sr~r à~§YZ Ed§ Am°ZgmBQ AmB©Qr do§Sa à~§YZ H$s
EgAmonr AZwnmbZ boImnarjm H$s h¡& Bg à^mJ Zo 44 EpßbHo eZmo§ O¡go
gr~rEg, E\ QrEg, E\ grEg, EZB©E\ Qr, AmaQrOrEg, AmB©QrE_Eg,
`ynrAmB© BÝ\Œ mñQ—ŠMa, pñdâQ, _mo~mBb ~¢{H J Am{X H$s AmB©Eg boIm narjm
H$s h¡ Am¡a ~¢H Ho 7 SmQm Ho ÝÐmo§ H mo grB©AmaQr-AmB©EZ Ho A§VJ©V n¡Zb~Õ
~mø boIm narjH mo§ go H adm`m h¡& no_o§Q SmQm Ho ñQmoaoO Am¡a ^r_ AmYma
AJŒoJoQa boIm narjm grB©AmaQr-AmB©EZ Ho A§VJ©V n¡Zb~Õ ~mø boIm
narjH mo§ Ûmam {H m J`m& gmB~a gwajm boIm narjm Am¡a Am§V[aH boIm
narjH Ûmam Am`mo{OV {H m J`m Wm&
21.09 `50 bmI Am¡a Cggo A{YH G$U gr_m dmbo CYma ImVmo§ H$s
g§{dVaUnyd© boIm narjm H$s J`r& 2018-19 Ho Xm¡amZ `5 H amo‹S Am¡a Cggo
A{YH Ho 164 G$U gr_mAmo§ H$s g§{dVaUnyd© boIm narjm AmB©ESr-àYmZ
H m`m©b` Ûmam H$s OmVr h¡&
21.10 {dÎm df© 2018-19 Ho Xm¡amZ à^mJ Zo amOñd boIm narjm Am`mo{OV
H$s Am¡a `80.26 H amo‹S Am` H m [agmd H m nVm bJm`m J`m&
21.11 à^mJ Zo emImAmo§ Ûmam [anmoQmoª H$s {ZYm©[aV Am§V[aH g_` _mZX§Smo§ go
nyd© g_mpßV g§~§Yr CËH¥ îQ H m`© H mo _mÝ`Vm XoZo hoVw EH `moOZm àmaå^ H$s h¡ &
Bg g§~§Y _o§ 100 emImAm| H$mo H m`©nmbH {ZXoeH Ûmam hñVmj[aV àe§gm
à_mU nÌ VWm 366 emImAm| H$mo _hm à~§YH , AmB©ESr Ûmam hñVmj[aV
àe§gm à_mU nÌ àXmZ {H$E JE h¡& Bg _mnX§S Ûmam ~¢H Ho {hV gwa{jV
aIZo H$s {Xem _o§ A{VXo` boIm narjm [anmoQmoª _o§ H m\ r H _r AmB© h¡ VWm
A{Z`{_VVmAmo§ H m g_` na gwYma ^r hwAm h¡ &
68
21.12 Various Agenda, as per calendar of reviews, viz., Audit Plan vs. Performance, Major observations of Concurrent Audit Reports, Major inspection and audit fi ndings of ELB’s, Seepage of income, Special Reports, Migration Audit, inter-alia, are being placed before the Audit Committee of the Executives & Audit Committee of Board for information & for compliance of directions.
21.13 The inspectors/fi eld offi cials are being educated through internal circulars to undertake effective auditing of branches. During the fi nancial year 2018-19, the auditors have also undergone a training at STC, Mangalore, besides a few of them being nominated to external training programmes at reputed institutions.
22. Risk Based Supervision
22.1 RBS Cell is headed by an Assistant General Manager. RBS Cell is coordinating the conduct of annual Risk Based Supervision inspection by the RBI. The overall smooth conduct of the RBI audit and subsequent compliance to the observations and attending to the periodical queries from RBI are the duties of RBS Cell.
RBS Cell also does co-ordination with the RBI and the functional divisions of the Bank for quarterly meetings and monthly data updates to RBI.
23. Credit Monitoring
23.1 The Bank has created a separate division for monitoring the portfolio of Standard Assets under the independent charge of General Manager. This division has two verticals, one for monitoring large exposures of above Rupees one crore and another for monitoring exposure below Rupees one crore. Further, verticals for monitoring of stressed accounts and follow up of NPA accounts headed by an Executive in the rank of Assistant General Manager/Deputy General Manager set up at all the six Circle Offi ces. This division is guide to the branches and Zonal Offi ces by way of various inputs for ensuring close follow up of stressed loan accounts under standard category to avoid fresh slippages. A system driven advance warning software tool for early identifi cation of probable NPAs with reasons for slippages is put in place, which is quite ideal utility for effective monitoring of standard assets/containing fresh slippages. The division also maintains close liaison with Credit Division as well as Zonal Offi ces/Circle Offi ces for ensuring that necessary corrective actions for resolution of stress observed in loan accounts and up-gradation thereof is initiated.
24. Legal Services
Legal Services Division of the Bank plays a signifi cant role in the various commercial activities undertaken by the Bank. It has been performing diversifi ed activities such as Scrutiny and
21.12 g_rjm H b¢Sa Ho AZwgma {d{^Þ H m`©gyMr, AWm©V² boIm narjm `moOZm ~Zm_ {ZînmXZ, g§Jm_r boIm narjm [anmoQmoª Ho à_wI AdbmoH Z, B©Eb~r Ho à_wI {ZarjU VWm boIm narjm Ho {ZîH f©, Am`[agmd, AÝ` ~mVmo§ Ho gmW-gmW gyMZmW© VWm {ZXoemo§ Ho AZwnmbZ hoVw H m`©nmbH mo§ H$s boIm narjm g{_{V VWm ~moS© H$s boIm narjm g{_{V Ho g_j àñVwV H$s Om ahr h¡ &
21.13 {ZarjH mo§/joÌ ñVar` A{YH m[a`mo§ H mo à^mdr boIm narjm H m`©^ma g§^mbZo hoVw Am§V[aH n[anÌmo§ Ûmam {e{jV {H m OmVm h¡& {dÎmr` df© 2018-19 Ho Xm¡amZ boIm narjH EgQrgr, _§Jbyé _o§ Am`mo{OV à{ejU
_o§ CnpñWV hwE, BgHo Abmdm CZ_o§ go Hw N H mo à{VpîRV g§ñWmZmo§ _o§ ~mhar à{ejU H m`©HŒ _mo§ Ho {bE Zm_m§{H V {H m J`m h¡ &
22. Omo{I_ AmYm[aV n`©dojU
22.1 Ama~rEg àH moîR Ho à_wI ghm`H _hm à~§YH h¢ & Ama~rEg àH moîR
Ama~rAmB© Ûmam dm{f©H Omo{I_ AmYm[aV n`©dojU {ZarjU Ho Am`moOZ
H m g_Ýd` H a ahm h¡& Ama~rAmB© boIm narjm g§nyU© gwMmê Am`moOZ Am¡a nadVr© {Qßn{U`mo§ H m AZwnmbZ H aZm Ed§ Ama~rAmB© go g_`-g_` na nyNo OmZo dmbo àýmo§ H$s à{V{HŒ m XoZm, Ama~rEg àH moîR Ho$ H V©ì` h¢&
Ama~rEg àH moîR {V_mhr ~¡RH mo§ Ho {bE Ama~rAmB© Am¡a H m`m©Ë_H à^mJmo§ Ho gmW g_Ýd` H aVm h¡ Am¡a _m{gH SmQm Ama~rAmB© H mo XoVm h¡&
23. G$U {ZJamZr
23.1 ~¢H Zo _hm à~§YH Ho ñdV§Ì à^ma Ho AÝVJ©V _mZH AmpñV`mo§ H$s {ZJamZr hoVw EH AbJ {d^mJ ~Zm`m h¡ & à^mJ Ho Xmo d{Q©H b h¢ EH -EH H amo‹S Ho D$na Ho ~‹So EŠgnmoOa H$s {ZJamZr Am¡a Xygam EH H amo‹S go H _ Ho EŠgnmoOa H$s {ZJamZr & BgHo A{V[aº, ghm`H _hm à~§YH /Cn _hm à~§YH Ho nX Ho H m`©nmbH Ho ZoV¥Ëd _o§ X~mdJŒñV ImVmo§ H$s {ZJamZr VWm EZnrE ImVmo§ Ho AZwdV©Z hoVw d{Q©H b H$s ñWmnZm g^r Nh _§Sb H m`m©b`mo§ _o§ H$s JB© h¡& `h à^mJ emImAmo§ Am¡a Am§M{bH H m`m©b`mo§ H mo {d{^Þ OmZH mar XoVm h¡ {Oggo _mZH loUr Ho X~mdJŒñV G$U ImVmo§ H mo ZB© MyH$ ~ZZo go amoHo OmZo hoVw H ‹Sr {ZJamZr gw{Z{üV H$s Om gHo & MyH$ Ho H maU g{hV g§^mì` EZnrE H$s erKŒ nhMmZ hoVw EH {gñQ_ g§Mm{bV G$U MoVmdZr gmâQdo`a gmYZ ñWm{nV {H m J`m h¡ Omo _mZH AmpñV`mo§ H$s à^mdr {ZJamZr/ZB© pñbnoO amoH Zo hoVw EH ~hwV AmXe© _mÜ`_ h¡ & G$U ImVmo§ _o§ nmE JE X~md Ho g_mYmZ hoVw VWm CgHo CÞ`Z Ho {bE Amdí`H gwYmamË_H H ma©dmB© gw{Z{üV H aZo hoVw à^mJ G$U à^mJ VWm Am§M{bH H m`m©b`mo§/_§Sb H m`m©b`mo§ go {ZH Q g§~§Y ~ZmE aIVm h¡ &
24. {d{Y godm
~¢H Ho {d{Y godm à^mJ H$s ~¢H Ûmam {H E JE {d{^Þ dm{UÁ`H {HŒ mH bmnmo§ _o§ _hËdnyU© ^y{_H m h¡& `h ~hw{dY H m`© H aVm ahm h¡ O¡go à{V^y{V Ho ê$n _o§ AMb g§n{Îm`mo§ Ho g§~§Y _o§ H mZyZr am` H$s g§drjm VWm AZw_moXZ, ~¢H Jma§{Q`mo§
69ANNUAL REPORT 2018-19
approval of legal opinions regarding immovable properties taken as security, Drafting/approval of Bank Guarantees and Counter Guarantees, Advising on invocation of Bank Guarantees and other connected matters, Preparation of case specifi c documents, Drafting/approval of Plaint/pleadings and other applications to be fi led before various courts, Tribunals/Authorities etc; Advising on the matter relating to various High Court of different States and also on matters relating to Supreme Court, Approval of MOUs/Agreements referred by various Divisions in the Head Offi ce; Advising Branches as to the initiation of necessary steps to recover the dues of the Bank, Advising on SARFAESI matters & advising on Suit fi led Accounts, Advising on Legal Audit of loan documents and Periodical Legal Audit of title deeds, Examination & Advising on matters relating to Right to Information Act and disposal of Appeals received from Citizens under the Right to Information Act, Advising on the matters relating to Consumer Forums and various other statutory authorities. Matters pertaining to orders of attachments from Income tax, Sales tax or other authorities are effectively handled. The Division has devised a simplifi ed procedure for settlement of claims relating to deceased depositors. Division also advises Organisation and Methods Division on various documentation aspects and revision/Updating of Manuals. The Law Offi cers are regularly and continuously handling various legal matters and offering legal guidance/clarifi cations to branches/Zonal Offi ces/and Administrative Offi ces in a time bound manner and take steps to safeguard the interest of the Bank in all its spheres of activities. Division is also handling Empanelment/deletion/Review of performance of Advocates.
25. Lok Adalat
Legal Services Division is co-ordinating Lok Adalats in different parts of the Country. During the period 01.04.2018 to 31.03.2019, the division was able to conduct a National Lok Adalat in different Zones, the particulars of which are furnished as under:
VWm à{V Jma§{Q`mo§ H m _gm¡Xm V¡`ma H aZm/AZw_moXZ H aZm, ~¢H Jma§{Q`m± bmJy
{H E OmZo VWm AÝ` _m_bmo§ Ho g§~§Y _o§ gbmh XoZm, _m_bm {Z{X©îQ XñVmdoµOmo§
H$s V¡`mar, {d{^Þ Ý`m`mb`mo§/{Q—ã`wZbmo§/àm{YH m[a`mo§ Am{X Ho g_j XO©
{H E OmZo dmbo dmX nÌ/A{^dMZ H m _gm¡Xm V¡`ma H aZm/AZw_moXZ H aZm;
{d{^Þ amÁ`mo§ Ho {d{^Þ CÀM Ý`m`mb`mo§ Am¡a CÀMV_ Ý`m`mb`go g§~§{YV
_m_bmo§ _o§ r nam_e© XoZm, àYmZ H m`m©b` Ho {d{^Þ à^mJmo§ Ûmam g§X{^©V g_
Âmm¡Vm kmnZmo§/H amamo§ H m AZw_moXZ H aZm, ~¢H Ho$ ~H m`m H mo dgyb H aZo hoVw
Amdí`H H X_ CRmZo Ho {bE emImAmo§ H mo gy{MV H aZm ga\o gr A{Y{Z`_
Ed§ _wH X_m Xm`a ImVmo§ Ho g§~§Y _o§ emImAmo§ H mo nam_e© XoZm, G$U àboImo§ H$s
{d{YH boIm narjm Ed§ ñdËd {dboI na Amd{YH {d{YH boIm narjm na
nam_e©, gyMZm H m A{YH ma A{Y{Z`_ Ho g§~§Y _o§ VWm AmaQrAmB© Ho VhV
ZmJ[aH mo§ go àmßV Anrbmo§ H mo {ZnQmZo _o§ nam_e© XoZm, Cn^moºm \ moa_mo§ Ed§
AÝ` gm§{d{YH àm{YH m[a`mo§ go g§~§{YV _m_bmo§, Am`H a, {~H«$s H a d AÝ`
àm{YH m[a`mo§ go Hw H$s© AmXoemo§ go g§~§{YV _m_bmo§ na nam_e© XoZo H$s {Xem _o§ r
H m`© H aVm ahm h¡& Bg à^mJ Zo _¥VH O_mH Vm©Amo§ go g§~§{YV Xmdmo§ Ho {ZnQmZ
hoVw gabrH¥ V à{HŒ m H mo {dH {gV {H m h¡& {d{Y godm à^mJ àboIrH aU
g§~§Yr {d{^Þ nhbwAmo§ na Am¡a _¡Ý`wAbmo§ H mo g§emo{YV H aZo/AÚVZ H aZo _o§
g§JRZ Ed§ nÕ{V à^mJ H mo nam_e© ^r XoVm h¡& {d{Y A{YH mar {Z`{_V VWm
{Za§Va AmYma na {d{^Þ H mZyZr _m_bmo§ H mo ^r g§^mbVm h¡ Am¡a emImAmo§/
Am§M{bH H m`m©b`mo§/VWm àemg{ZH H m`m©b`mo§ H mo g_` gr_m Ho ^rVa
H mZyZr _mJ©Xe©Z/ñnîQrH aU XoVm h¡ VWm ~¢H Ho {HŒ mH bmn Ho g_ñV nhbyAmo§
_o§ ~¢H H$s {hV H$s ajm Ho {bE H X_ CRmVm h¡& {d{Y godm à^mJ A{YdºmAmo§
H m n¡Zb ~ZmZo/n¡Zb go {ZH mbZo/{ZînmXZ H$s g_rjm H aZo H m ^r H m`©
H aVm h¡&
25. bmoH AXmbV
{d{Y godm à^mJ Xoe Ho {d{^Þ ^mJmo§ _o§ bmoH AXmbV Ho gmW g_Ýd`
H aVm h¡& 01.04.2018 go 31.03.2019 H$s Ad{Y Ho Xm¡amZ `h à^mJ
{d{^Þ A§Mbmo§ _o§ amîQ—r` bmoH AXmbV Am`mo{OV H a gH m, {OgHo ã`moao
{ZåZdV² h¢ :
bmoH AXmbV Ho ã`moao Details of Lok Adalath
ào{fV ImVmo§ H$s g§»`m
No. of accounts referred
em{_b am{e (`) H amo‹S _o§ Amount involved (`) in
crore
{ZnQmE JE ImVmo§ H$s g§»`m
No. of accounts settled
{ZnQmB© JB© am{e (`) H amo‹S _o§
Settled amount (`) in crore
ZH X dgybr (`) H amo‹S _o§
Cash Recovery (`) in crore
Aà¡b April 2018 3658 84.45 169 2.83 0.65
OwbmB© July 2018 7430 117.35 709 8.10 2.16
{gV§~a Sept 2018 3796 201.79 303 3.90 0.82
{Xg§~a Dec 2018 6919 113.63 872 8.00 1.61
_mM© March 2019 6746 152.79 950 9.01 1.83
Hw b TOTAL 28549 670.01 3003 31.85 7.08
70
26. Pre-Disbursement Legal AuditAs per HO Circular No.23/2015 dated 07.01.2015 the cut off limit for conducting Pre-disbursement legal audit is revised upwards to 50.00 lakh. All borrowal accounts, both fund based and non-fund based, of the limit of `50.00 lakh and above shall be subjected to Pre-disbursement Legal Audit. Pre-disbursement Legal Audit shall be conducted by the empanelled advocates of the Bank. In specifi c cases, where required, Legal Audit shall be conducted by the Law Offi cers of the Bank. Branches should ensure that irregularities, if any, pointed out in the Periodical Legal Audit Report are rectifi ed before disbursement of loan. As on 31.12.2018, all the Zones have completed Pre disbursement Audit and reported NIL except Delhi North Zone where 6 accounts are pending for conduct of Periodical Legal Audit. The Department has initiated the process of Pre-disbursement Legal Audit of accounts as on 31.03.2019.
27. The Right to Information Act, 2005
Bank in compliance of Right to Information Act, 2005 has designated Assistant Public Information Offi cer (APIO), Public Information Offi cer (PIO) and Appellate Authorities (AA) at Head Offi ce and Public Information Offi cer and Appellate Authority at each Zonal Offi ce and Circle Offi ce. Name of APIO, PIO and AA are displayed in the Bank’s Website with other relevant information as required under RTI Act by Customer Services Division, Head Offi ce. Bank is complying with the provisions of the said Act at all levels and disposing of all the application and appeals within the stipulated time.
28. e-NEWSLETTER – THEMIS, SABKA NYAY & LIPROLegal Services Division has launched e-News Letter by name “THEMIS” and the same is being issued fortnightly and during the period, THEMIS has covered 54 issues relating to Documentation-Proprietorship, Auction of Pledged Goods, TOD, Letter of Credit, Documentation-Partnership and OTS Scheme, Branch Premises, IBC Series 4, Cyber Crime, Invocation of BG, Expired BG, IBC, SARFAESI, Aadhar, RTI etc. and 7 Special Issues relating to Green Banking, Intellectual Property Rights, Crypto Currency etc.
The Division has launched another e-News Letter by name “SABKA NYAY”, which is an educative series on Lok Adalat which aims at familiarizing the fi eld level functionaries with various aspects of Lok Adalat. SABKA NYAY, has covered 9 issues on conducting of National Lok Adalat.
“LEX VISTA” is launched to instantly communicate to all staff members any Decisions/Legal Events having impact on the day
26. G$U g§{dVaU nyd© {d{YH boIm narjm àH m n[anÌ g§. 23/2015 {XZm§{H V 07.01.2015 Ho AZwgma G$U g§{dVaU nyd© {d{YH boIm narjm H aZo H$s {ZåZV_ gr_m H mo ~TmH a `50.00 bmI H a {X`m J`m h¡& `50.00 bmI go A{YH Ho g^r {Z{Y AmYm[aV Am¡a J¡a-{Z{Y AmYm[aV ImVmo§ H m G$U g§{dVaU nyd© {d{YH boIm narjm H$s OmVr h¡& G$U g§{dVaU nyd© {d{YH boIm narjm ~¢H Ho n¡Zb~Õ A{YdºmAmo§ Ûmam H admB© OmVr h¡& {deof _m_bmo§ _o§, Amdí`H hmoZo na ~¢H Ho {d{Y A{YH m[a`mo§ Ûmam {d{YH boIm narjm H$s OmVr h¡& emImAmo§ H mo `h gw{Z{üV H aZm Mm{hE {H {d{YH boIm narjm _o§ AJa H moB© H _r {ZH mbr JB© h¡ Vmo G$U g§{dVaU Ho nyd© Cgo Xya H a {b`m OmZm Mm{hE& {XZm§H 31.12.2018 H mo {X„r CÎma A§Mb H$s 6 ImVmo§ _o§ b§{~V g§{dVaUnyd© boIm narjm H mo Nmo‹SH a, g^r A§Mbmo§ Zo g§{dVaUnyd© boIm narjm nyar H a br h¡ Am¡a eyÝ` b§~Z [anmoQ© {H m h¡& {d^mJ Zo {XZm§H 31.03.2019 VH Ho ImVmo§ _o§ g§{dVaUnyd© {d{Y
boIm narjm à{HŒ m H$s ewéAmV H$s h¡&
27. gyMZm H m A{YH ma A{Y{Z`_, 2005
~¢H Zo gyMZm H m A{YH ma A{Y{Z`_, 2005 Ho AZwnmbZ _o§ àYmZ H m`m©b` _o§ ghm`H OZ gyMZm A{YH mar (EnrAmB©Amo), OZ gyMZm A{YH mar (nrAmB©Amo) Am¡a Anrb àm{YH mar (EE) Zm{_V {H E h¢ Am¡a àË`oH Am§M{bH H m`m©b` Am¡a _§Sb H m`m©b` _o§ OZ gyMZm A{YH mar Am¡a Anrb A{YH mar Zm{_V {H E h¢& JŒmhH godm à^mJ, àYmZ H m`m©b` Zo gyMZm H m A{YH ma A{Y{Z`_ Ho A§VJ©V Ano{jV AÝ` g§~§{YV OmZH mar Ho gmW EnrAmB©Amo, nrAmB©Amo Am¡a EE Ho Zm_ ~¢H H$s do~gmBQ na àX{e©V {H E JE h¢& ~¢H Cº A{Y{Z`_ Ho àmdYmZmo§ H m g^r ñVamo§ na AZwnmbZ H a ahm h¡ Am¡a OZVm go àmßV g^r AmdoXZmo§ Am¡a Anrbmo§ H mo {ZYm©[aV g_`md{Y Ho A§VJ©V {ZnQm ahm h¡&
28. B©- g_mMmanÌ- Wo{_g, g~H m Ý`m` Ed§ {bàmo
H mZyZr godm à^mJ Zo "Wo{_g' Zm_ go B©-g_mMma nÌ bm°ÝM {H m h¡ Am¡a Cgo nm{jH ê$n go Omar {H m Om ahm h¡ Am¡a Bg Ad{Y Ho Xm¡amZ, Wo{_g
Zo àboIZ-àmonamBQa{en, ~§YH gm_mZ H$s Zrbm_r, QrAmoSr, gmI nÌ, gmÂmoXmar Am¡a AmoQrEg `moOZm H m àboIZ, emIm n[aga, AmB©~rgr l¥§Ibm 4, gmB~a AnamY, ~rOr H m à^mdr hmoZm, {ZîH m{gV ~rOr, AmB©~rgr, ga\ mgr, AmYma, AmaQrAmB© Am{X - go g§~§{YV 54 _wÔmo§ Am¡a JŒrZ ~¢qH J, ~m¡{ÕH g§nXm A{YH ma, {HŒ ßQmo _wÐm Am{X go g§~§{YV 7 {deof _wÔmo§ H mo H da {H m h¡&
{SdrOZ Zo ""g~H m Ý`m`'' Zm_ go EH Am¡a B©- g_mMma nÌ bm°ÝM {H m h¡, Omo bmoH AXmbV na EH {ejmàX l¥§Ibm h¡, {OgH m CÔoí` bmoH AXmbV Ho {d{^Þ nhbwAmo§ Ho gmW joÌ ñVa Ho A{YH m[a`mo§ H mo n[a{MV H aZm h¡& g~H m Ý`m` Zo amîQ—r` bmoH AXmbV Ho g§MmbZ na 9 _wÔmo§ H mo em{_b {H m h¡&
~¢H Ho X¡pÝXZ$H m_H mO H mo à^m{dV H aZo dmbo {H gr ^r {ZU©`/H mZyZr KQZmAmo§ H mo g^r H _©Mm[a`mo§ H mo Vwa§V gy{MV H aZo Ho {bE "boŠg {dñQm'
71ANNUAL REPORT 2018-19
today functioning of the Bank and it has covered 46 issues. Apart from the same, Division is also communicating Flashes on various legal issues separately through “LSD FLASH”. As at the year end 83 Flashes are issued.
Division is also issuing “LIPRO”, the e-News Letter covering for Legal Issues in Corp Bank Products. It intends to give guidance in legal issues involved in our Bank Products raised at Branch Level. Lipro on CHome, Cvehicle, Chome-RERA, PMAY, Corp Shelter and Corp Mortgage are issued.
29. CORP NEETI
Legal Services Division has developed a Web Portal named “CORP NEETI” with the mission of making it a single point reference to all legal issues affecting the bank and its business. “CORP NEETI” is up dated with all the circulars issued by the Division, various e-newsletters, important Acts/Rules, etc. Data on DRT & Civil Suit is made available on Corp Neeti Portal.
30. AWARD
The IDEX Legal Awards are unique award to clearly identify in-house counsel and law fi rms who excel in their specifi c roles and for honouring legal excellence. We have send nomination for legal award in the category of “Best In-house Department to Work for” and the name of our Bank was selected as one of the Finalists.
31. Security
Bank has taken necessary steps in ensuring all Branches and ATMs are 100% compliant on security fi xtures. Initiatives taken by the Bank has resulted in coverage of ATMs and all Branches under electronic surveillance. Regular monitoring of health of the CCTV-DVR installed in Branches/ATMs is done through Facility Management Service established at FTS, Bangalore to reduce the down time. By roster, the DVR are checked for proper recording etc., and corrective action is taken by service engineers.
32. Compliance
32.1 The Bank has a Compliance Division headed by an Executive of the Rank of Deputy General Manager who represents as the Chief Compliance Offi cer (CCO) of the Bank, as per the directions of the Reserve Bank of India.
32.2 The Compliance Division ensures that the relevant guidelines and instructions from RBI/IBA/NABARD/SEBI/IRDA/CVC/BCSBI etc. are complied with in spirit and substance so as to assist the top management in managing effectively the Compliance risks faced by the bank.
bm°ÝM {H m J`m h¡ Am¡a Bg_o§ 46 _wÔmo§ H mo em{_b {H m J`m h¡& BgHo$ Abmdm, à^mJ "EbEgSr âb¡e' Ho _mÜ`_ go AbJ-AbJ H mZyZr _wÔmo§ na âb¡e H m g§Mma ^r H a ahm h¡& df© _o§ A~ VH 83 âb¡e Omar {H E JE h¢&
à^mJ ""{bàmo'' Zm_H$ EH$ B©-Ý`y¥O boQ>a ^r àH$m{eV H$aVm h¡ Omo H$mn©~¢H$ Ho$ CËnmXm| go Ow‹S>o H$mZyZr _wÔm| H$mo H$da H$aVm h¡Ÿ& `o emIm ñVa na CR>Zo dmbo ~¢H$ CËnmXm| go Ow‹S>o H$mZyZr _gbm| na _mJ©Xe©Z XoVm h¡Ÿ& gr-hmo_, gr-ìho{H$b, gr-hmo_ -Ama B© Ama E, nr E_ E dmB©, H$mn© eoëQ>a Ed§ H$mn© _m°J}Ona {bàmo Ho$ A§H$ àH$m{eV {H$E JE h¢Ÿ&
29. H mn© Zr{V
{d{Y godm à^mJ Zo ~¢H VWm CgHo H mamo~ma H mo à^m{dV H aZo dmbo g^r {d{YH _wÔmo§ hoVw EH b q~Xw g§X^© ~ZmZo Ho {_eZ Ho gmW ""H mn© Zr{V'' Zm_H do~ nmoQ©b {dH {gV {H m & ""H mn© Zr{V'' H mo à^mJ Ûmam Omar g^r n[anÌmo§ , {d{^Þ B©-Ý`yµOboQa, _hËdnyU© A{Y{Z`_/{Z`_ Am{X go AÚVZ {H m J`m h¡& SrAmaQr VWm {g{db dmX H mo H mn© Zr{V nmoQ©b _o§ CnbãY H am`m J`m h¡&
30. nwañH ma
AmB©SrEŠg {d{YH nwañH ma Am§V[aH gbmh VWm CZ {d{YH \ _© H mo ñnîQ ê$n go nhMmZZo Omo AnZr {Z{X©îQ y{_H m _o§ CËH¥ îQVm àmßV H aVo h¢ VWm {d{Y CËH¥ îQVm H mo gå_m{ZV H aZo hoVw {d{eîQ nwañH ma h¡& h_Zo ""H m`© H aZo hoVw CËH¥ îQ Am§V[aH {d^mJ '' Ho dJ© _o§ {d{Y nwañH ma Ho {bE Zm_m§H Z ^oOm h¡ VWm h_mao ~¢H H m M`Z EH \ mBZo{bñQ Ho ê$n _o§ {H m J`m h¡&
31. gwajm
32.1 g^r emImAmo§ Am¡a EQrE_ H mo gwajm CnñH amo§ H$s X¥pîQ _o§ 100% AZwnmbZ gw{Z{üV H aZo hoVw ~¢H Zo Amdí`H H X_ CRmE h¢& ~¢H Ûmam CRmE JE H X_mo§ go g^r emImE± Am¡a EQrE_o§ BboŠQ—m{ZH {ZJamZr _o§ Am JE h¢ & emImAmo§/EQrE_mo§ _o§ bJmE JE grgrQrdr-SrdrAma H$s H m`©Hw ebVm H$s {Z`{_V {ZJamZr E\ QrEg, ~o§Jbwé _o§ ñWm{nV \¡ {g{bQr _¡ZoO_o§Q g{d©g Ûmam {H m OmVm h¡ Vm{H CZHo H m`© Z H aZo Ho g_` H mo H _ {H m Om gHo & g_w{MV [aH mS© aIZo hoVw amoñQa Ûmam SrdrAma H$s Om§M H$s OmVr h¡ Am¡a E\ QrEg _o§ g{d©g B§Or{Z`amo§ Ûmam CnMmamË_H H ma©dmB© H$s OmVr h¡&
32. AZwnmbZ
32.1 ^maVr` [a‹Od© ~¢H Ho {ZXo©emo§ Ho AZwê$n ~¢H Zo Cn _hm à~§YH Ho ñVa Ho H m`©nmbH Ho AYrZ AZwnmbZ à^mJ ñWm{nV {H m J`m h¡, Omo ^maVr` [aµOd© ~¢H Ho {ZXoemo§ Ho AZwgma ~¢H Ho _w»` AZwnmbZ A{YH mar (grgrAmo) Ho Vm¡a na à{V{Z{YËd H aVo h¢&
32.2 AZwnmbZ à^mJ ^m[a~¢/^m~¢g§/Zm~mS©/go~r/AmB©AmaSrE/grdrgr/~rgrEg~rAmB© BË`m{X go àmßV g§~§{YV {Xem{ZXo©emo§ Am¡a AZwXoemo§ H m CËgmh Am¡a dmñV{dH ê$n go AZwnmbZ gw{Z{üV H aVm h¡ Vm{H ~¢H Ûmam gm_Zm H$s OmZodmbr AZwnmbZ Omo{I_ Ho à^mdr à~§YZ _o§ CÀM à~§YZ H mo ghm`Vm hmo gHo &
72
32.3 The Compliance Division also ensures dissemination of instructions to the operational departments, assisting them in designing of suitable internal instructions and controls, maintaining liaison with internal and external auditors, etc. The Bank is covered under Risk Based Supervision since 2015-16under Supervisory Programme for Assessment of Risk and Capital (SPARC). The Compliance Division monitors and test compliance by performing suffi cient and representative compliance testing.
33. Vigilance MachineryBanks are the custodians of public money and hence maintain highest standards of honesty, integrity, transparency and probity. A banking organization essentially works on the philosophy of mutual trust, integrity and confi dence. Creating awareness among employees and engaging them effectively enhances the productivity of the organization. Vigilance is one of the effective management tool to maintain such confi dence and integrity among the employees.
As a progressive institution, Corporation Bank has a robust standard operating procedures (SOPs) and well defi ned role and responsibilities for employees. Our bank is playing a proactive role in suggesting valuable systemic improvement in various areas of operation with absolute transparency. The vigilance system of bank emphasizes on taking bonafi de decisions as per the norms of the bank in transparent manner by maintaining absolute integrity. We have viewed bonafi de decisions in the right perspective and ensured that natural justice is given to all the rank and fi le who acted in good faith, with honest intention regardless of the outcome of the action/decision. We have tried to imbibe in our work culture honesty, integrity, transparency and probity so that the trust and faith reposed in us by our customers is honoured.
The vigilance functions in the Bank are primarily in the nature of prevention and detection, rather than taking punitive action. The vigilance machinery plays the role of a watchdog so as to ensure that the laid down systems and procedures are not tampered with for any personal gain or benefi t.
The Bank has introduced following initiatives under the Vigilance Mechanism: The Bank has framed its own “Whistle Blower Policy”, the
objective of which is to identify any untoward events with the help of the employees and to take timely corrective measures so as to prevent/protect the Bank at the initial stage itself. This mechanism also provides adequate safeguards against victimization of employees who avail of this mechanism.
A quarterly newsletter on preventive vigilance called ‘Jaagrithi’ is being published and circulated amongst all branches/offi ces of the Bank. The newsletter contains information on vigilance cases comprising fraud and the modus operandi adopted by the fraudsters, which creates awareness among the operational staff members.
32.3 BgHo gmW hr AZwnmbZ à^mJ H m`m©Ë_H à^mJmo§ _o§ AZwXoemo§ H m àgma gw{Z{üV H aVm h¡, C{MV Am§V[aH AZwXoe Am¡a {Z`§ÌU _o§ ghm`Vm H aVm h¡, Am§V[aH Am¡a ~mø boIm narjH mo§ Ho gmW g§nH© aIVm h¡& Omo{I_ Am¡a ny±Or Ho AmH bZ hoVw n`©dojr H m`©HŒ _ (EgnrEAmagr) Ho AÝVJ©V df© 2015-16 hoVw ~¢H H mo Omo{I_ AmYm[aV n`©dojU hoVw H da {H m J`m h¡ &AZwnmbZ à^mJ n`m©ßV Am¡a à{V{Z{Y AZwnmbZ narjU {Zînm{XV H a {ZJamZr Am¡a narjU AZwnmbZ H aVm h¡ &
33. gVH© Vm V§Ì :
~¢H gmd©O{ZH YZ Ho g§ajH h¢ Am¡a Bg{bE B©_mZXmar, AI§SVm, nmaX{e©Vm Am¡a gË`{ZîRm Ho CÀMV_ _mZH mo§ H mo ~ZmE aIVo h¢& EH ~¢qH J g§JRZ A{Zdm`© ê$n go Amngr {dœmg, AI§SVm Am¡a AmË_{dœmg Ho Xe©Z na H m_ H aVm h¡& H _©Mm[a`mo§ Ho ~rM OmJêH Vm n¡Xm H aZm Am¡a CÝho§ à^mdr T§J go ì`ñV aIZm g§JRZ H$s CËnmXH Vm H mo ~‹TmVm h¡& H _©Mm[a`mo§ _o§ Bg Vah H m AmË_{dœmg Am¡a AI§SVm ~ZmE aIZo Ho {bE gVH© Vm EH à^mdr à~§YZ CnH aU h¡&
EH àJ{Verb g§ñWmZ Ho ê$n _o§, H m°nmo©aoeZ ~¢H _o§ EH _O~yV _mZH n[aMmbZ à{HŒ m (EgAmonr) h¡ Am¡a H _©Mm[a`mo§ Ho {bE gwn[a^m{fV ^y{_H m Am¡a {Oå_oXm[a`m§ h¢& h_mam ~¢H nyU© nmaX{e©Vm Ho gmW n[aMmbZ Ho {d{^Þ joÌmo§ _o§ _yë`dmZ àUmbrJV gwYma H m gwÂmmd XoZo _o§ g{HŒ ^y{_H m {Z^m ahm h¡& ~¢H H$s gVH© Vm àUmbr nyar B©_mZXmar ~ZmE aIVo hwE nmaXer© VarHo go ~¢H Ho _mZX§Smo§ Ho AZwgma A{YH¥ V {ZU©` boZo na Omoa XoVr h¡& h_Zo A{YH¥ V
{ZU©`mo§ H mo ghr n[aàoú` _o§ XoIm h¢ Am¡a `h gw{Z{üV {H m h¡ {H g^r loUr Ho A{YH m[a`mo§ Am¡a H _©Mm[a`mo§ {OÝhm§oZo {ZU©` Ho n[aUm_ H$s nadmh {H E {~Zm B©_mZXmar Am¡a {dœmg Ho gmW H m_ {H m, CÝh§o Z¡g{J©H Ý`m` {_bo& h_Zo AnZr H m`© g§ñH¥ {V _o§ B©_mZXmar, {ZîRm, nmaX{e©Vm Am¡a gË`{ZîRm H mo AmË_gmV H aZo H$s H mo{ee H$s h¡ Vm{H h_mao JŒmhH mo§ Ûmam h_mao à{V {XIm`o JE ^amogo Am¡a {dœmg H mo gå_mZ {_bo& ~¢H _o§ gVH© Vm H m`© _w»` ê$n go X§SmË_H H ma©dmB© H aZo Ho ~Om` amoH Wm_ Am¡a nVm bJmZo H$s àH¥ {V _o§ h¢& gVH© Vm V§Ì EH àhar H$s ^y{_H m {Z^mVm h¡ Vm{H `h gw{Z{üV hmo gHo {H {H gr ^r ì`{ºJV àmpßV `m bm^ Ho {bE {ZYm©[aV àUm{b`mo§ Am¡a à{HŒ mAmo§ go No‹SNm‹S Z H$s OmE&
~¢H Zo gVH© Vm V§Ì Ho VhV {ZåZ{b{IV nhb H$s h¡ :
~¢H Zo AnZr ""pìhgb ãbmoAa nm°{bgr'' ~ZmB© h¡ {OgH m CÔoí` H _©Mm[a`mo§ H$s ghm`Vm go A{à` KQZmAmo§ H mo nhMmZZm h¡ Am¡a g_` na gwYmamË_H H X_ CRmVo hwE àma§{^H MaU _o§ hr Cgo amoH Zm/~¢H H$s ajm H aZm h¡& Bg Zr{V _o§ Bg V§Ì H m BñVo_mb H aZodmbo H _©Mm[a`mo§ H mo naoemZ {H E OmZo Ho {déÕ n`m©ßV nydmo©nm` ^r h¢&
{ZdmaH gVH© Vm na {V_mhr Ý`yµOboQa ""OmJ¥{V'' {Z`{_V ê$n go àH m{eV H aHo ~¢H H$s g^r emImAmo§/H m`m©b`mo§ Ho ~rM n[aMm{bV H$s Om ahr h¡& Cº Ý`yµOboQa _o§ h_mao ñQm\ gXñ`mo§ H mo gOJ H aZo Ho CÔoí` go H nQ Ho ZdrZV_ _m_bmo§ H m gmam§e VWm H n{Q`mo§ Ûmam AnZmB© JB© H m`© nÕ{V H mo àH m{eV {H m OmVm h¡&
73ANNUAL REPORT 2018-19
The Bank has evolved a Preventive Vigilance Mechanism wherein branches have been directed to convene Preventive Vigilance Meetings every quarter, wherein the staff members have to read the Circulars issued by Vigilance Division, Fraud Monitoring Cell of the Bank as well as Indian Banks’ Association and are required to discuss, share information, their work experiences so that alertness and awareness is generated throughout the Bank.
Periodical Preventive Vigilance Visits by Vigilance Offi cers, Executives from Zonal Offi ce to the branches have been made mandatory.
A dedicated hotline has been installed at CVO’s Secretariat for enabling staff to report incidence of corruption/malpractices /fraud at Branches to take timely action by the Division.
Preventive Vigilance Audit covering high risk prone areas is being conducted at branches by Zonal Offi ce wherein each branch is subjected to audit twice in a year and a report is submitted to Vigilance Division.
In accordance with the CVC guidelines, the Bank is celebrating “Vigilance Awareness Week” every year during October-November, by conducting various Competitions like Essay Competition, Case Study Competition and Quiz Competition for the staff members of the Bank. As an outreach activity, various Competitions for the College students are also conducted. “Integrity Pledge” is taken by the staff members and “Gram Sabhas” at Villages and Urban Centers are organized to create awareness among the public to eradicate corruption and corrupt practices.
An improved vigilance consultation mechanism is in place by arranging an Interactive Session, once in a quarter, chaired by Executive Director along with Chief Vigilance Offi cer and General Manager-HRM [PAD] team for initiating quicker enquiry proceedings/reducing the reaction time to improve the industrial relation climate. This forum acts as a preventive session identifying incipient problems and facilitating prompt intervention/prompt corrective action.
34. IND AS IMPLEMENTATION
Banks in India currently prepare their fi nancial statements as per the guidelines issued by RBI and generally accepted accounting principles in India (Indian GAAP). In January 2016, the Ministry of Corporate Affairs issued the roadmap for implementation of new Indian Accounting Standards (Ind AS), converged with International Financial Reporting Standards (IFRS), for scheduled commercial banks, insurance companies and non-banking fi nancial companies (NBFCs). Reserve Bank of India (RBI) has advised vide their circular letter dtd. 11.02.2016 that Banks shall comply with the Indian Accounting Standards (Ind AS) for fi nancial statements for accounting periods beginning from April 1, 2018 onwards.
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74
Earlier as per RBI direction implementation of Indian Accounting Standards (Ind AS) was deferred by one year pending necessary legislative amendments to the Banking Regulation Act,1949 as also the level of preparedness of many banks.
Now, RBI vide its circular RBI/2018-19/146/DBR.BP.BC.No.29/21.07.001/2018-19 dated March 22, 2019 has conveyed that the legislative amendments recommended by the Reserve of Bank of India are under consideration of the Government of India. Accordingly, it has been decided to defer the implementation of Ind AS till further notice.
As per RBI directions, Bank has formed Steering Committee for Ind AS implementation. The Steering Committee comprises Executive Director (Head of the Steering Committee) as directed by RBI on 31.10.2017 and General Managers from Financial Management Division, Credit Division, Integrated Risk Management Division, Information Technology Division, Recovery Division, Inspection & Audit Division & Treasury & Investment Division. The Committee oversees the progress of Ind AS implementation in the Bank, and provides guidance on critical aspects of the implementation such as Ind AS technical requirements, systems and processes, business impact, people and project management. The Committee closely reviews progress of the implementation.
As per RBI direction, bank has submitted Proforma Ind-AS quarterly from June 2018 onwards up-to December 2018 and Ind AS Proforma for the March 2019 submission date is 31st May, 2019.
Bank will continue to liaise with RBI and IBA on various aspects pertaining to Ind AS implementation.
35. Opportunities
The Bank has pan-India presence with 9972 functional units comprising of 2432 Branches, 3015 ATMs & 4525 Branchless Banking units spread across the length and breadth of the country with 34 zonal offi ces and 6 circle offi ces to oversee its operations. The increased presence of the Bank’s branches in rural and semi-urban areas provides a great opportunity for the Bank for improving its exposure to Agriculture and Priority sector, SME and Retail segment, to register a balanced growth in retail portfolio in tandem with the wholesale business. A high calibre workforce, better spread of network, unique set of products and services, competitive customer service and an advanced tech savvy environment helped the Bank to get a prime slot in the minds of the people.Digitalisation of several processes has been the focus area of the Bank in order to give a better customer experience. The Bank has wide range of digital services including, Internet Banking, New Mobile Banking application Corp EASE , SMS Banking, e-Pass book, Tablet banking, etc.
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35. Adga :
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75ANNUAL REPORT 2018-19
The Bank has rolled out latest, most modern version of Core Banking Solution with Finacle Software. This will help the Bank to meet the ever increasing needs of the customers, expand its business, introduce techno-savvy products & services and secure business of new customers.
36. Threats :
The economic situation across the globe is becoming volatile. Volatility is the new normal and the banks need to build up capabilities to adapt to these changing macro-economic environments and to fi nd opportunities in uncertain operating environment.
Managing asset quality & resolution of stressed assets is not only critical but also has become the prime focus area for the banking sector to improve and achieve healthy performance levels.
Keeping in view of the future growth requirements, implementation of capital norms, higher provisioning etc., raising of additional capital would be a challenge.
Retirement of experienced hands at the middle and senior management level in the near future needs to be substituted which is critical for translating the top management’s strategy into workable action plans.
Banks, like any other industry are exposed to credit, Market and Operational Risks in the day to day operation, thinning of Interest spread affects the profi tability structure of the Bank.
Any changes in the regulatory guidelines, policies, provisions by the Government/Regulator etc., may impact the performance of the Bank. Effectiveness of Recovery Management, Asset Liability Management and Risk Management may have its own impact on performance.
Acute competition & entry of new players is likely to affect business growth, margins and profi tability.
37. Road map for the future
The Bank’s vision is to Emerge as a model for inclusive growth and innovative banking services. Mobilizing low cost CASA & retail deposits and concentrating on Quality Credit growth with focus on Retail, Agriculture & MSME would be the Bank’s focus areas for business expansion. Improving Asset Quality & recovery and expansion of digital channels would be its focused areas for overall business development.
For and on behalf of the Board of Directors
(P. V. Bharathi)Place : Mangaluru Managing Director & Date : 30.05.2019 Chief Executive Offi cer
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36. MoVmd{Z`m± :
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37. ^{dî` Ho$ {bE amoS> _¡n
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(nr. dr. ^maVr)ñWmZ : _§Jbyé à~§Y {ZXoeH$ E§d {XZm§H$ : 30.05.2019 _w»` H$m`©nmbH$ A{YH$mar
76
H$mnmo©aoQ A{^emgZ na [anmoQ©REPORT ON CORPORATE GOVERNANCE
1. Corporate Governance in the BankThe Bank believes that best Corporate Governance practices are critical to enhance and retain investor trust. As a responsible Business entity, the Bank is committed to best Corporate Governance practices based on conscience, openness, fairness, professionalism, transparency by disclosures, compliances, ethical practices etc., towards attaining performance with integrity and accountability, paving the way for enhancing investors’ and stakeholders’ confi dence and thus ensuring long-term success. Governance at Corporation Bank is evolved by not only ensuring compliance with regulatory requirements but also by being responsive and responsible to the needs of stakeholders with rewarding environment. The Bank strives for excellence with the twin objective of enhancing customer satisfaction and stakeholders’ value i.e. responsible bank by also following EASE guidelines. Corporation Bank’s ethos, evolve with customer and have the shareholder as the focal point.
2. The Bank’s Philosophy2.1 The Bank’s philosophy is driven by its Corporate Motto –Tag line – ‘Sarve Janah Sukhino Bhavantu’, which means “Prosperity for all”, that leads to the betterment of the society and economy. The Bank strongly believes that sound corporate governance practices leads to the fulfi lment of its goals and attainment of its objectives in a manner that adds value to its image, is benefi cial for all the stakeholders in the long run and enhances its ability to secure their confi dence. Good Corporate Governance starts at the top and continues down the line consistently. The Board of Directors and the Management take appropriate decisions and guide the Bank in achieving the highest standards of excellence.
3. Board of Directors 3.1 The Board is constituted in accordance with the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980 as amended from time to time and read with relevant provisions of the SEBI (LODR) Regulations, 2015 as applicable, and is represented by persons with diversifi ed professional experience. At the end of the year 2018-19 under report, the Board comprises of 10 directors, out of which, 7 are non-executive directors and among themselves 5 are considered as independent directors, including one Woman Independent Director. The Directors, hailing from different strata of society, with diverse professional qualifi cations including set of skills in the fi eld of Banking Business Management, Finance, Treasury & Forex, Credit, Human Resource Management and Information Technology bring in their rich experience to the Board. 15 meetings of the Board of Directors were held during the fi nancial year under report.
1. ~¢H$ _o§ H$mnmo©aoQ A{^emgZ
~¢H$ H$m `h {dœmg h¡ {H$ gwX¥‹T H$mnmo©aoQ A{^emgZ {ZdoeH$ H$s AmñWm H$mo ~‹TmZo Am¡a ~ZmE aIZo Ho {bE Ah_ h¡& EH$ {µOå_oXma H$mamo~mar g§ñWm Ho ê$n _o§ ~¢H$; {ddoH$, IwbmnZ, {ZînjVm, ì`mdgm{`H$Vm, àH$QZ Ûmam nmaX{e©Vm, Z¡{VH$ àWmAmo§ Am{X na AmYm{aV Rmog H$mnmo©aoQ àWmAmo§ Ho à{V H${Q~Õ h¡ {Oggo B©_mZXmar VWm {Oå_oXmar Ho gmW {ZînmXZ {H$`m Om gHo , {ZdoeH$mo§ Am¡a {hVYmaH$mo§ Ho AmË_{dœmg _o§ d¥{Õ hmo Am¡a XrKm©d{Y g\$bVm gw{Z{üV hmo& H$mnmo©aoeZ ~¢H$ _o§ H$mnmo©aoQ A{^emgZ {d{Z`m_H$ AnojmAmo§ H$m AZwnmbZ gw{Z{üV H$aVo hwE hr Zht ~pëH$ bm^àX dmVmdaU Ho gmW J«mhH$ H$s Amdí`H$VmAmo§ Ho AZwHyb ahH$a ^r {dH${gV {H$`m J`m h¡& J«mhH$ g§VwpîQ VWm eo`aYmaH$mo§ Ho$ _yë` _o§ d¥{Õ Ho$ Xmohao CÔoí`mo§ Ho gmW CÎmaXm`r ~¢H$ Ho ê$n _o§ `Wm Bµ©O {Xem{ZXo©emo§ H$m ^r AZwnmbZ H$aVo hwE CËH¥$îQVm hoVw AWH$ à`mg H$a ahm h¡ & ~¢H$ H$s gm_mÝ` àH¥${V J«mhH$ go {dH${gV hmoVr h¡ {OgH$m H|$Ð-q~Xw eo`aYmaH$ h¡&
2. ~¢H$ H$m Xme©{ZH$ {gÕm§V
2.1 ~¢H$ H$m Xe©Z CgHo H$mnmo©aoQ AmXe© dmŠ` "gdo© OZm… gw{IZmo ^dÝVw' AWm©V² ""g~ H$s g_¥{Õ hmo'' _o§ à{Vq~{~V hmoVm h¡ Omo g_mO Am¡a AW©ì`dñWm H$s ^bmB© H$s Amoa A{^àoV h¡& ~¢H$ H$m X¥‹T {dœmg h¡ {H$ gwX¥T H$mnmo©aoQ A{^emgZ àWmAmo§ go BgHo AnZo bú`mo§ H$s ny{V© Am¡a CÔoí`mo§ H$s àmpßV hmo OmVr h¡ {Oggo CgH$s N{d ~ohVa hmoVr h¡, Omo AmJo MbH$a eo`aYmaH$mo§ Ho {bE {hVH$mar hmoVm h¡ Am¡a CZH$m {dœmg OrVZo H$s j_Vm H$mo ~‹TmVm h¡& CÎm_ H$mnmo©aoQ A{^emgZ erf© go Ama§^ hmoVm h¡ Am¡a ZrMo H$s Amoa gVV ~‹TVm h¡& {ZXoeH$ _§Sb Am¡a à~§YZ Cn`wº {ZU©` boVo h¢ Am¡a CËH¥$îQVm Ho CÀMV_ _mZH$mo§ H$mo àmßV H$aZo hoVw ~¢H$ H$m _mJ©Xe©Z H$aVo h¢&
3. {ZXoeH$ _§Sb
3.1 {ZXoeH$ _§S>b H$m JR>Z `Wm g§emo{YV amîQ´>r>`H¥$V ~¢H$ (à~§YZ Am¡a {d{dY àmdYmZ) `moOZm, 1980 Ho$ gmW n{R>V ~¢qH$J H§$nZr (CnH«$_m| H$m AO©Z Am¡a A§VaU) A{Y{Z`_, 1980 Omo {H$ g_`-g_` na g§emo{YV {H$`m J`m h¡ Am¡a `Wm bmJy go~r (EbAmoS>rAma) A{Y{Z`_, 2015 Ho g§~§{YV àmdYmZm| Ho$ AZwgma {H$`m J`m h¡ Am¡a Bg_| {d{dY ì`mdgm{`H$ AZw^d dmbo ì`{º$`m| H$m à{V{Z{YËd h¡& df© 2018-19 H$s g_mpßV na {anmoQ© Ho AZwgma {ZXoeH$ _§Sb _o§ 10 {ZXoeH$ h¢ {OZ_o§ 7 J¡a-H$m`©nmbH$ {ZXoeH$ h¢ VWm CZ_o§ go EH$ _{hbm {ZXoeH$ g{hV 5 H$mo ñdV§Ì {ZXoeH$ _mZm J`m h¡& g_mO Ho {d{^Þ joÌmo§ go AmZodmbo `o {ZXoeH$ _§Sb H$mo, ~¢qH$J ì`dgm` à~§YZ, {dÎmr`Z, Q—oOar Ed§ \$moaoŠg, G$U, _mZd g§gmYZ à~§YZ Ed§ gyMZm àm¡Úmo{JH$s g{hV {deofkVm Am¡a {dnwb AZw^d-`wº kmZ àXmZ H$aVo h¢& {anmoQm©YrZ {dÎm df© Ho$ Xm¡amZ {ZXoeH$ _§Sb H$s 15 ~¡RHo§ Am`mo{OV H$s JB©§&
77ANNUAL REPORT 2018-19
3.2. The Board has constituted various committees for specifi c and focused approach towards some of the important functional areas of the Bank’s operations, for providing proper direction, effective monitoring and controlling the affairs of the Bank, by also looking into new areas and needs of the Bank’s overall Developments. The details of various committees and the total number of meetings held by each committee during the year 2018-19 are as follows:
H«$‘ g§. Sl. No.
~moS© H$s g{_{V`mo§ Ho$ Zm_Name of the Committees of the Board
Am`mo{OV ~¡RH$m| H$s Hw$b g§»`mTotal No. of Meetings held
1. à~§YZ g{_{V Management Committee 13
2. boIm-narjm g{_{V Audit Committee 10
3. {d^mJr` nXmoÞ{V g{_{V Departmental Promotion Committee 2
4. eo`aYmaH$ g§~§Y g{_{V Stakeholders’ Relationship Committee 4
5. gyMZm àm¡Úmo{JH$s g{_{V Information Technology Committee 9
6. Omo{I_ à~§YZ g{_{V Risk Management Committee 6
7. CÀM _yë` Ho$ H$nQmo§ H$s {ZJamZr g{_{V Committee to Monitor Large Value Frauds 6
8. eo`a A§VaU g{_{V Share Transfer Committee 9
9. J«mhH$ godm g{_{V Customer Service Committee 4
10. Zm_m§H$Z g{_{V Nomination Committee 1
11. ~¢H$ Ho d[aîR H$m`©nmbH$mo§ H$s Am§V[aH$ ny±Or n`m©ßVVm _yë`m§H$Z g{_{V (AmB©grEEnr)* Internal Capital Adequacy Assessment Committee of Senior Executives of the Bank (ICAAP)*
4
12. F$U AZw‘moXZ g{_{V (grEgr)* Credit Approval Committee (CAC)* 21
13. ‘mZd g§gmYZ g{‘{V Human Resources Committee 4
14. dgybr {ZJamZr g{‘{V (AmaE_gr) Recovery Monitoring Committee (RMC) 8
15. à{V^y{V Am~§Q>Z g{‘{V Securities Allotment Committee 5
16. àYmZ H$m`m©b` ñVar` G$U g{_{V* Head Offi ce level Credit Committee* 21
17. BamXZ MyH$H$Vm©Amo§ hoVw g_rjm g{_{V Review Committee for Willful Defaulters 2
18. emImAmo§ _o§ {S{OQb ^wJVmZ Ho àMma Ed§ H$mamo~ma d¥{Õ hoVw ~moS© H$s Cn g{_{V Sub Committee of the Board for Digital Payments Promotion & Business Promotion in Branches’
5
* ^m.{a.~¢./gaH$mar {ZXoe Ho AZwgma Bg g{_{V _o§ Hw$N gXñ` ~¢H Ho CÀM H$m`©nmbH AWm©V², _hm à~§YH h¢&* In these committees few members are also from Top Executives of the Bank viz., General Managers as per RBI/Government directive.
3.3 The details of Committees of the Board are provided in the following pages. The Board and its Committees met at frequent intervals and guided the Bank to achieve its objectives in a prudent and effi cient manner to ensure high standards of performance through ethical practices and professional management.3.4 The responsibilities such as policy formulation, performance review and analysis and controls are discharged by the Board. The Board has delegated various powers to the Executives and Committees of Executives of the Bank in consonance with the policies laid down by the Bank. The delegated powers are periodically reviewed by the Board and necessary revision is made for effective functioning of the Bank, as per the guidelines issued from time to time by the Government of India, Ministry of Finance and the Reserve Bank of India.
3.2 ~¢H$ n{aMmbZ Ho Hw$N _hËdnyU© H$m`©-joÌmo§ _o§ {deof VWm g§H|${ÐV ÑpîQ>H$moU Ho {bE Am¡a C{MV {Xem àXmZ H$aZo, à^mdr {ZJamZr H$aZo VWm ~¢H$ Ho H$m`moª _o§ {Z`§ÌU aIZo Am¡a ZE joÌmo§ na Ü`mZ XoH$a VWm ~¢H$ Ho$ g_J« {dH$mg H$s Amdí`H$Vm hoVw {ZXoeH$ _§Sb Zo {d{^Þ g{_{V`mo§ H$m JRZ {H$`m h¡& {d{^Þ g{_{V`mo§ Ho ã`moao Am¡a df© 2018-19 Ho Xm¡amZ àË`oH$ g{_{V Ûmam Am`mo{OV ~¡RH$mo§ H$s Hw$b g§»`m {ZåZmZwgma h¡…
3.3 ~moS© H$s g{_{V`mo§ Ho {ddaU AmJo Ho n¥îRmo§ _o§ {XE JE h¢& {ZXoeH$ _§Sb Am¡a CgH$s g{_{V`mo§ Zo {Z`{_V A§Vambmo§ _o§ ~¡RHo§ H$s¨ VWm Z¡{VH$ àWmAmo§ Am¡a ì`mdgm{`H$ à~§YZ Ûmam {ZînmXZ Ho CÀM _mZX§S> gw{Z{üV H$aZo hoVw {ddoH$nyU© Am¡a Xj VarHo go AnZo bú`mo§ H$mo àmßV H$aZo hoVw ~¢H$ H$m _mJ©Xe©Z {H$`m&
3.4 Zr{V {Zê$nU, {ZînmXZ g_rjm Ed§ {díbofU VWm {Z`§ÌU O¡gr {Oå_oXm{a`m± {ZXoeH$ _§Sb Ûmam {Z^mB© OmVr h¢& {ZXoeH$ _§Sb Zo ~¢H$ Ûmam {ZYm©{aV Zr{V`mo§ Ho AZwê$n ~¢H$ Ho H$m`©nmbH$mo§ Am¡a H$m`©nmbH$mo§ H$s g{_{V`mo§ H$mo {d{^Þ A{YH$ma àË`m`mo{OV {H$E h¢& ^maV gaH$ma, {dÎm _§Ìmb` Am¡a ^maVr` {aµOd© ~¢H$ Ûmam g_`-g_` na Omar {Xem{ZXo©emo§ Ho AZwgma {ZXoeH$ _§Sb Ûmam Eogo àË`m`mo{OV A{YH$mamo§ H$s Amd{YH$ ê$n go g_rjm H$s OmVr h¡ Am¡a ~¢H$ Ho H$maJa H$m`©-g§MmbZ hoVw CZ_o§ Amdí`H$ g§emoYZ {H$`m OmVm h¡&
78
3.6 2018-19 Ho$ Xm¡amZ {ZXoeH$mo§, {ZXoeH$ _§Sb Ed§ AÝ` g{_{V H$s ~¡RH$mo§ _o§ CZH$s CnpñW{V g§~§Yr ã`moao Bg àH$ma h¡:Details of Directors, their attendance in the Board and other Committee Meetings during 2018-19 are as follows:
H«$‘m§H$Sl.No.
{ZXoeH$ H$m Zm‘Name of the Director
àH$maType
{ZXoeH$ ‘§S>b Ed§ {ZXoeH$ ‘§S>b H$s g{‘{V(¶m|) Ho$ gXñ¶ Board and Member of the Committee(s) of the Board
{ZXoeH$ ԤS>bBoard
à~§YZ g{‘{VManagement Committee
boIm-narjm g{‘{VAudit Committee
eo`aYmaH$ g{_{V
Stakeholders' Relationship Committee
Omo{I‘ à~§YZ g{‘{VRisk Management
Committee
gyMZm àm¡Úmo{JH$s g{‘{V
Information Technology Committee
Cƒ ‘yë¶ Ho$ H$nQ>m| H$s {ZJamZr hoVw
g{‘{VCommittee to
monitor large value frauds
{d^mJr¶ nXmoÞ{V g{‘{V
Departmental Promotion Committee
eo¶a A§VaU g{‘{VShare Transfer Committee**
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
1 gwlr nr. dr. ^maVrSmt. P. V. Bharathi
Since 01.02.2019 go
à.{Z. d_w.H m.A.MD &
CEO
4 4 3 3 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
1 1 2 2 2 2 bm.Z.N.A.
bm.Z.N.A.
2 2
2 lr Jmonmb _wabr ^JVShri Gopal Murli Bhagat
Since 24.08.2016 go
H$m{ZED
15 14 13 12 10 10 4 4 6 6 9 8 6 6 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
3 lr {~énmj {_lmShri Birupaksha Mishra
Since 26.12.2018 go
H$m{ZED
5 5 4 4 bm.Z.N.A.
bm.Z.N.A.
1 1 2 2 3 3 2 2 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
4 lr _Zrf JwßVmH|$Ð gaH$ma Zm{_VrShri Manish Gupta
Central Govt. Nominee
Since 16.04.2014 go
J¡H$m{ZNED
15 15 bm.Z.N.A.
bm.Z.N.A.
10 8 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
6 4 2 2 bm.Z.N.A.
bm.Z.N.A.
5 lr àÚwåZ Ho . OoZm ^m[a~¢ Zm{_Vr {ZXoeH$ Shri Pradyumna K. Jena
RBI Nominee Director
Since 23.02.2015 go
J¡H$m{ZNED
15 6 13 5 10 3 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
2 2 bm.Z.N.A.
bm.Z.N.A.
6 lr XodamH$m|S>m> XrpßV{dbmgShri Deverakonda Diptivilasa
Since 25.04.2016 go
ñd{Z/J¡H$m{Z
ID/NED
15 15 13 13 bm.Z.N.A.
bm.Z.N.A.
4 4 6 6 8 8 6 6 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
7 lr ^Jd§V amdShri Bhagavantha Rao
Since 01.03.2019 go
ñd{Z/J¡H$m{Z
ID/NED
2 2 1 1 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
8 lr Ho$. lr{Zdmg _y{V©Shri K. Srinivasa Murthy
Since 27.12.2017 go
ñd{Z/gbo{Z
ID/CAD
15 15 bm.Z.N.A.
bm.Z.N.A.
10 10 bm.Z.N.A.
bm.Z.N.A.
6 6 1 1 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
9 lr àXrn Hw$_ma O¡ZShri Pradeep Kumar Jain
Since 08.09.2017 go
ñd{Z/eo{Z
ID/SD
15 14 bm.Z.N.A.
bm.Z.N.A.
10 10 4 4 6 4 9 7 6 4 bm.Z.N.A.
bm.Z.N.A.
9 7
10 gwlr {MÌm Jm¡ar bmbMs Chitra Gouri Lal
Since 08.09.2017 goo
ñd{Z/eo{Z
ID/SD
15 14 13 13 bm.Z.N.A.
bm.Z.N.A.
4 4 6 6 9 9 6 6 bm.Z.N.A.
bm.Z.N.A.
9 9
31.03.2019 go nyd© Omo {ZXoeH$ ~¢H$ Ho$ {ZXoeH$ ‘§S>b ‘| Wo CZH$s CnpñW{V Ho$ ã¶moao Bg àH$ma h¡ The following are the details of attendance of directors who were on the Board of the Bank prior to 31.03.2019
1 lr O` Hw _ma JJ©Shri Jai Kumar Garg
Till 31.01.2019 VH$
à.{Z. d_w.H m.A.MD &
CEO
11 11 10 10 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
5 5 7 7 4 4 2 2 7 7
* {ZXoeH$ Ho$ H$m¶©©H$mb Ho$ Xm¡amZ Am¶mo{OV ~¡R>H$m| H$s g§»¶m Number of meetings held during the tenor of the Director
** {d{^Þ g_` A§Vamb na 15 àñVmdm| H$mo g§H$ën n[anÌ Ho$ ê$n _| eo`a A§VaU g{_{V H$mo ào{fV H$aVo hþE AZw_moXZ {b`m J`m 15 Proposals were circulated as Circular Resolution at different time intervals to the Share Transfer Committee and got it approved.
3.5 The policies of the Bank are reviewed on an annual basis and necessary modifi cations are effected in tune with the changing scenario and the market demands.
1. ~¢H$ _o§ H$mnmo©aoQ A{^emgZ~¢H$ H$m `h {dœmg h¡ {H gwX¥‹T H$mnmo©aoQ A{^emgZ {ZdoeH H$s AmñWmH$mo ~‹TmZo Am¡a ~ZmE aIZo Ho {bE Ah_ h¡& EH {µOå_oXma H$mamo~mar g§ñWm
3.5 ~¢H$ H$s Zr{V`mo§ H$s g_rjm dm{f©H$ AmYma na H$s OmVr h¡ Am¡a ~XbVo n{aX¥í` Am¡a ~mOma _m§Jmo§ Ho AZwê$n CZ_o§ Amdí`H$ AmemoYZ {H$E OmVo h¢&
79ANNUAL REPORT 2018-19
3.6 2018-19 Ho$ Xm¡amZ {ZXoeH$mo§, {ZXoeH$ _§Sb Ed§ AÝ` g{_{V H$s ~¡RH$mo§ _o§ CZH$s CnpñW{V g§~§Yr ã`moao Bg àH$ma h¡:Details of Directors, their attendance in the Board and other Committee Meetings during 2018-19 are as follows:
H«$‘m§H$Sl.No.
{ZXoeH$ H$m Zm‘Name of the Director
àH$maType
{ZXoeH$ ‘§S>b Ed§ {ZXoeH$ ‘§S>b H$s g{‘{V(¶m|) Ho$ gXñ¶ Board and Member of the Committee(s) of the Board
J«mhH$ godm g{‘{VCustomer Service
Committee
BamXZ MyH$H$Vm©Am| hoVw g_rjm g{‘{V
Review Committee for Wilful Defaulters
Zm‘m§H$Z g{‘{VNomination Committee
AmB©grEEnr g{‘{VICAAP Committee
‘mZd g§gmYZ g{‘{VHuman Resource
Committee
F$U AZw‘moXZ g{‘{VCredit Approval
Committee
dgybr H$s {ZJamZr hoVw ~moS>© ñVar¶ g{‘{V
Board level committee for monitoring of
Recovery
à{V^y{V Am~§Q>Z g{‘{V
Securities Allotment Committee
Aݶ ~moS>m]‘| gXñ¶Vm
Sub Committee of the Board
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
Am¶mo{OV*Held*
CnpñW{VAttended
1 gwlr nr. dr. ^maVrSmt. P. V. Bharathi
Since 01.02.2019 go
à.{Z. d_w.H m.A.MD &
CEO
1 1 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
1 1 1 1 4 4 2 2 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
2 lr Jmonmb _wabr ^JVShri Gopal Murli Bhagat
Since 24.08.2016 go
H$m{ZED
4 3 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
4 3 4 4 21 21 8 8 5 5 1 1
3 lr {~énmj {_lmShri Birupaksha Mishra
Since 26.12.2018 go
H$m{ZED
1 1 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
1 1 1 1 5 5 3 3 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
4 lr _Zrf JwßVmH|$Ð gaH$ma Zm{_VrShri Manish Gupta
Central Govt. Nominee
Since 16.04.2014 go
J¡H$m{ZNED
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
1 1 bm.Z.N.A.
bm.Z.N.A.
4 4 bm.Z.N.A.
bm.Z.N.A.
8 7 bm.Z.N.A.
bm.Z.N.A.
1 1
5 lr àÚwåZ Ho . OoZm ^m[a~¢ Zm{_Vr {ZXoeH$ Shri Pradyumna K. Jena
RBI Nominee Director
Since 23.02.2015 go
J¡H$m{ZNED
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
4 1 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
1 1
6 lr XodamH$m|S>m> XrpßV{dbmgShri Deverakonda Diptivilasa
Since 25.04.2016 go
ñd{Z/J¡H$m{Z
ID/NED
2 2 2 2 1 1 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
5 5 bm.Z.N.A.
bm.Z.N.A.
7 lr ^Jd§V amdShri Bhagavantha Rao
Since 01.03.2019 go
ñd{Z/J¡H$m{Z
ID/NED
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
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bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
8 lr Ho$. lr{Zdmg _y{V©Shri K. Srinivasa Murthy
Since 27.12.2017 go
ñd{Z/gbo{Z
ID/CAD
4 4 1 1 1 1 1 1 bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
bm.Z.N.A.
5 5 bm.Z.N.A.
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31.03.2019 go nyd© Omo {ZXoeH$ ~¢H$ Ho$ {ZXoeH$ ‘§S>b ‘| Wo CZH$s CnpñW{V Ho$ ã¶moao Bg àH$ma h¡ The following are the details of attendance of directors who were on the Board of the Bank prior to 31.03.2019
1 lr O` Hw _ma JJ©Shri Jai Kumar Garg
Till 31.01.2019 VH$
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* {ZXoeH$ Ho$ H$m¶©©H$mb Ho$ Xm¡amZ Am¶mo{OV ~¡R>H$m| H$s g§»¶m Number of meetings held during the tenor of the Director
80
MD & CEO – Managing Director & Chief Executive Offi cer appointed by Government of India
ED – Executive Director appointed by Government of India
NED – Non-Executive Director nominated by Government of India/Reserve Bank of India
OD – Offi cer Employee Director nominated by Government of India
SD – Director elected by Shareholders-Non-ExecutiveDirector-Independent Director
CAD – Chartered Accountant Category Director- Independent Director
ID – Independent Director
3.7 During the year 2018-19, 15 Board Meetings have taken place on the following dates: (Dates in DD-MM-YYYY format)
23.04.2018 26.05.2018 15.06.2018 29.06.2018 21.07.2018 11.08.2018 15.09.2018 29.10.2018
13.11.2018 14.12.2018 29.01.2019 11.02.2019 25.02.2019 13.03.2019 22.03.2019
3.8 None of the Directors on the Board is a member in more than 10 committees or acts as a Chairman of more than fi ve committees across all companies in which he is a Director. (Only two Committees viz. the Audit Committee and the Stakeholders’ Relationship Committee are considered for this purpose). None of the Director is related to any other Director of the Bank.
3.9 A brief profi le of the Directors as on 31.03.2019 is furnished hereunder.
3.9.1 Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer: Smt. P.V. Bharathi had taken charge as the Managing Director & Chief Executive Offi cer of Corporation Bank on 1st February, 2019. Prior to assuming the position of Managing Director & Chief Executive Offi cer, she was Executive Director of Canara Bank.
She is a graduate in Science and is also a Bachelor of Education. She has done her Masters in Arts (Economics). On the professional side as a Banker, she is a Certifi ed Associate of Indian Institute of Bankers and has done an integrated Course on Banking & Finance from NIBM, Pune.
Smt. Bharathi joined the Banking Industry as an Offi cer in 1982 in Canara Bank and served in various capacities in Branches & Administrative Offi ces of the Bank across the length and breadth of the Country and Hong Kong. As a General Manager, she was the Chief Risk Offi cer of the Bank. She is a seasoned banker with over 37 years of varied experience in handling key
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81ANNUAL REPORT 2018-19
23.04.2018 26.05.2018 15.06.2018 29.06.2018 21.07.2018 11.08.2018 15.09.2018 29.10.2018
13.11.2018 14.12.2018 29.01.2019 11.02.2019 25.02.2019 13.03.2019 22.03.2019
responsibilities in Branches, Regional Offi ces, Circle Offi ces and Head Offi ce, covering a vast spectrum of banking operations including HR, Credit Management, Retail Banking, Recovery, Risk Management, Information Technology, Forex Operations, Administration etc.
She was appointed as Executive Director of Canara Bank on 15.09.2016, where she was responsible for many key areas including HR, Corporate Credit, Retail Banking, Credit Monitoring, Recovery, Risk Management, Information and Technology, Audit and Inspection, International Banking, Treasury etc.
She has held various important positions during the course of her career. She was the Bank’s nominated member on the IBA’s Working Group for Standardization of Procedure for Empanelment of Valuers by Banks. She was on the Board of various subsidiaries of Canara Bank and a Joint Venture - M/s. Commercial Indo Bank LLC, Moscow. Currently, she has been appointed as Scheduled Commercial Banks’ (SCBs) nominee Director on the Board of unlisted company -India Infrastructure Finance Company Limited (IIFCL) by Government of India.
She is an eminent speaker and has received accolades at various seminars, conferences, panel discussions organized by Mint, ASSOCHAM, CRISIL, etc.
Smt. Bharathi is known in the industry circle for her result oriented and practical approach, teamwork and quick decision. She has undergone many training programmes at prestigious institutes within and outside the Country. For her achievements in banking career, she has received various awards and accolades, which include “Jhansi Rani” award for excellence in Banking, “Aryabhata International Award of 2017” for excellence in Banking.
3.9.2 Shri Gopal Murli Bhagat, Executive Director
Shri Gopal Murli Bhagat has taken charge as the Executive Director of Corporation Bank on 24th August, 2016.
Prior to assuming the position of Executive Director, he was General Manager at Bank of India.
Shri Gopal Murli Bhagat is a Post Graduate, a Certifi ed Associate of Indian Institute of Bankers (CAIIB) and having a Diploma in Treasury, Investment and Risk Management. He is a seasoned banker with over 34 years of rich experience in various administrative and functional capacities at Branches, Zonal Offi ce and also at the Head Offi ce level. He started his banking career as an Offi cer in 1984 and rose to become General Manager – Treasury at Bank of India. He was also managing
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82
& monitoring the domestic subsidiaries and joint ventures of the Bank. He was also nominee director on the board of some companies.
He has held various important positions during the course of his career in view of his expertise in Retail, Credit, Treasury and International banking at Overseas Centre (Singapore). He is also a Director on the Board of unlisted company- CorpBank Securities Ltd, a wholly owned subsidiary of the Bank.
3.9.3 Shri Birupaksha Mishra, Executive Director
Shri Birupaksha Mishra has taken charge as the Executive Director of Corporation Bank on 26th December, 2018.
Shri Birupaksha Mishra is a Postgraduate and Certifi cate Associate of Indian Institute of Bankers (CAIIB). He joined Central Bank of India as a Probationary Offi cer in the year 1984 and has an experience of more than 34 years working in various capacities like Branch Head, Region Head, Zone Head, and General Manager Corporate Offi ce. He has worked in various parts of the country and has handled Credit and Credit Monitoring portfolio of the Bank for quite a long time. Last he was heading Central Bank of India’s IT Vertical for more than two and half years, prior to appoint as Executive Director of Corporation Bank.
3.9.4 Shri Manish Gupta (Government Nominee Director)
Shri Manish Gupta has been nominated by the Central Government as Government of India Nominee Director on the Board of the Bank with effect from 16th April, 2014.
Shri Manish Gupta is working as Director in Department of Financial Services, Ministry of Finance, Govt. of India. He is presently handling Vigilance Section and RRB Section. Shri Gupta is an IRSEE (Indian Railway Service of Electrical Engineers) offi cer and has more than 23 years of experience in the Government of India. Previously, he has held various important positions on Indian Railways. He holds a Bachelor’s degree from College of Engineering and Technology, New Delhi and a Master’s degree in Measurement and Instrumentation (Gold Medalist) from IIT, Roorkee. He has also completed his MBA degree with specialization in Financial Management from National Institute of Financial Management, Faridabad in 2009.
3.9.5 Shri Pradyumna K. Jena (RBI Nominee Director)
Shri Pradyumna Kumar Jena, Chief General Manager, Reserve Bank of India, Mumbai, has been nominated by the Government of India as the Reserve Bank of India nominee on the Board of the Bank with effect from 23rd February, 2015.
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3.9.5 lr àÚwåZ Ho . OoZm (^m{a~¢H$ Zm{_Vr {ZXoeH$)
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83ANNUAL REPORT 2018-19
Shri Jena, a postgraduate in Political Science and a Certifi ed Associate of Indian Institute of Bankers, joined Reserve Bank of India as Manager in 1982 and gained rich experience working in various departments like Cash (Issue Department), Public Debt Management, Department of Non-Banking Supervision, Rural Planning and Credit Department.
As Assistant General Manager, he served in Establishment and Urban Banks Department in Bhubaneswar and on his elevation as Deputy General Manager in 1994, he was posted as Secretary to the Banking Ombudsman and also handled Department of Banking Supervision, NCC and Foreign Exchange Department. As General Manager, he served in various departments like, Department of Non-Banking Supervision, Department of Banking Supervision, Rural Planning and Credit Department and Urban Banks Department.
On his elevation as Chief General Manager, Shri Jena served in the Guwahati offi ce of the Reserve Bank of India as Regional Director for all the seven North Eastern States from 2012 to 2014 and in February, 2014 he was posted to the Central Accounts Section of Reserve Bank of India in Nagpur and in 2017 he got posted to Department of Corporate Services, Mumbai wherein he is continuing in his present position. From March 27, 2018, he has taken over as Banking Ombudsman-II at Mumbai and looking after complaints against banks for the whole of Maharashtra and Goa (excepting Mumbai and Thane which is looked after by another Ombudsman) and against all deposit taking NBFCs for the Western Zone.
He attended a seminar on Banking Technology for Directors at IDRBT, Hyderabad in July, 2017.
3.9.6 Shri K. Srinivasa Murthy (Chartered Accountant Category Director)
Shri K. Srinivasa Murthy has been nominated as part-time Non-offi cial Director under Chartered Accountant Category on the Board of Directors of the Bank for a period of three years with effect from 27th December, 2017.
He is a Chartered Accountant by profession, qualifi ed in the year 1993. He is also a Certifi ed Concurrent Auditor, holds a Diploma in Information Systems Audit and has completed a Certifi cation Course in International Taxation conducted by ICAI.
He has more than two decades of experience in the matters of Income Tax – Domestic as well as International Taxation. He renders advisory, planning and compliance services for corporate and non-corporate entities on Income tax matters. He has extensive experience in representing cases before various authorities.
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_w»` _hmà~§YH$ Ho ê$n _o§ nXmoÞV hmoZo na, lr OoZm Zo 2012 go 2014 VH$ g^r gmV CÎmar-nydr© amÁ`mo§ Ho {bE ^maVr` [aµOd© ~¢H$ Ho JwdmhmQr H$m`m©b` _o§ joÌr` {ZXoeH$ Ho ê$n _o§ H$m`© {H$`m Am¡a \$adar, 2014 _o§ ZmJnwa _o§ ^maVr` {aOd© ~¢H$ Ho H|$Ðr` boIm AZw^mJ _o§ {Z`wº hwE VWm 2017 _o§ CZH$s {Z`w{º H$m°nmo©aoQ godm, _w§~B© _o§ hwB©, V~ go do dhm§ dV©_mZ nX na H$m`©aV h¢& 27 _mM© 2018 go CÝhm§oZo _w§~B© Ho ~¢{H$§J bmoH$nmb-II Ho$ ê$n _o§ H$m`©^ma g§^mbm Am¡a nyao _hmamîQ— Ed§ Jmodm (_w§~B© Ed§ RmUo Omo {H$gr AÝ` bmoH$nmb Ho O{aE XoIm Om ahm Wm, H$mo Nmo‹SH$a) Ho ~¢H$mo§ Ed§ n{ü_r A§Mb hoVw O_m boZodmbr g^r EZ~rE\ gr H$o {déÕ àmßV {eH$m`Vmo§ na H$ma©dmB© H$s &
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3.9.6 lr Ho . lr{Zdmg _y{V© (gZXr boImH$ma loUr {ZXoeH$)
lr Ho$. lr{Zdmg _y{V© H$mo 27 {Xg§~a, 2017 go 3 gmb Ho {bE ~¢H$ Ho$ ~moS© _o§ gZXr boImH$ma dJ© Ho VhV A§eH$m{bH$ J¡a-Am{YH$m[aH$ {ZXoeH$ Ho$ ê$n _o§ Zm{_V {H$`m J`m h¡&
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84
He has also wide experience in Statutory and Internal Audit of Corporates under the Companies Act, Public Sector Undertakings, Banks, C & AG Audit of Insurance Companies, Trusts, Societies and non-profi t organisations, Tax Audits under Income Tax Act, Stock Audits, Concurrent Audits and Internal Audits. He has in depth knowledge of methods, procedures, accounting systems Audit.
During the fi nancial year 2018-19, he had undergone a Certifi cation Programme in IT & Cyber Security for Board Members at IDRBT, Hyderabad.
3.9.7 Shri Deverakonda Diptivilasa (Non-offi cial Director)
Shri Deverakonda Diptivilasa, aged 64 years, a retired Commissioner, Social Welfare, Government of Uttar Pradesh, has been appointed as Part-time Non-offi cial Director on the Board of Directors of the Bank by the Government of India, for a period of three years with effect from 25th April, 2016.
Shri Diptivilasa, is an IAS (UP Cadre-1981) and holds a Bachelor of Arts and Master of Business Administration. He has also completed Post Graduate Diploma in Development Economics (University of Manchester) and has fi rsthand information of banking operations with special knowledge in Credit Administration and Development Economics.
Shri Diptivilasa is also specialized in fi nance at IIM, Ahmedabad with working experience as Financial Analyst in Punjab National Bank for over 4 years. In his career of approximately 33 years in the civil services, he has held several key positions in the State and Central Governments, including as Additional Secretary in the Ministry of Urban Development, Govt. of India, as Director of Delhi Metro Rail Corporation Ltd., National Buildings Construction Corporation Ltd. and has been exposed to policy, managerial and implementation issues at various levels. He has been engaged as short term consultant with the World Bank in the task of monitoring water related portfolio. He is also on the Board of unlisted company- M/s. Powerlinks Transmission Ltd. as a Director. He has attended a seminar on Banking Technology for Directors of Bank Boards conducted by IDRBT, Hyderabad & a training program of CAFRAL, RBI in Bengaluru in the year 2016 and a training programme on Role and Responsibilities – Independent Directors’ Perspectives – Capacity Enhancement Program at IICA, Gurugram and a program on Business Leaders Forum (BLF) on Cyber Security at CAFRAL, Mumbai in 2017-18.
During the fi nancial year 2018-19, he participated in a Workshop for Building better Boards conducted by Indian Institute of Corporate Affairs [IICA] & International Finance Corporation (IFC) – World Bank Group at IICA Mumbai (Since retired with effect from 24.04.2019).
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3.9.7 lr XodamH$mo§Sm XrpßV{dbmg (J¡a-Am{YH$m[aH$ {ZXoeH$):
lr XodamH$mo§Sm XrpßV{dbmg, Am`w 64 df©, godm{Zd¥Îm Am`wº$, gm_m{OH$
H$ë`mU, CÎma àXoe gaH$ma, H$mo 25 Aà¡b, 2016 go VrZ df© H$s Ad{Y
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~¢H$mo§ Ho {ZXoeH$ _§Sb Ho {ZXoeH$mo§ hoVw Am`mo{OV ~¢qH$J àm¡Úmo{JH$s na g§JmoîRr
_o§ VWm ~o§Jbyé _o§ grEE\ AmaEEb, Ama~rAmB© Ho à{ejU H$m`©H«$_ _o§ ^mJ
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(AmB©AmB©grE) B§QaZoeZb \$mBZo§g H$m°nmo©aoeZ (AmB©Eµ\ gr)- dëS© ~¢H$ J«wn
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{b`m& (24.04.2019 go godm{Zd¥Îm)
85ANNUAL REPORT 2018-19
3.9.8 Shri M. Bhagavantha Rao (Non-Offi cial Director)
Shri M. Bhagavantha Rao, aged 64 years, has been appointed as Part-time Non-offi cial Director on the Board of Directors of the Bank by the Government of India, for a period of one year with effect from 1st March, 2019.
Shri M. Bhagavantha Rao was earlier Managing Director of State Bank of Hyderabad from August, 2011 and served till 31st
May, 2014 i.e, the date of his superannuation. He has started his career as a Probationary Offi cer with State Bank of India in 1977. He also served as General Manager in central offi ce of State Bank of India at Mumbai as well as Principal of State Bank Institute for Rural Development (SBIRD), Hyderabad.
He was also nominated as a Part-time Non-offi cial Director on the Board of Directors of the Vijaya Bank by the Government of India, for a period of three years from 28th January, 2016 to 27th January, 2019. He is also on the Board of unlisted Company - M/s. Sriman Madhwa Sidhantonnahini Permanent Nidhi Limited as a Director.
3.9.9 Shri Pradeep Kumar Jain (Shareholder Director)
Shri Pradeep Kumar Jain, aged 56 years, hails from Mumbai. He is a post graduate in Commerce and Economics & Licentiate-Insurance Institute of India, Part-I, CAIIB. He is presently Executive Director, Investment (Risk Management & Research Department) of Life Insurance Corporation of India and is responsible for directing Risk Management related issues including Enterprise Risk Management. He also looks after research related assignment of various Investee Companies. He is monitoring for compliance to various Investment Related Regulations of IRDAI. He assumed offi ce as Shareholder Director of the Bank effective from 08.09.2017 for a period of three years till 07.09.2020.
Earlier as a Sr. Divisional Manager In-Charge, was responsible for timely fi nalization and audit of Divisional Accounts. He has also worked on monitoring and controlling both marketing and servicing activities of Insurance Policies including Group Insurance Policies at Divisional/Zonal/Central Offi ce level.
He is also having experience of working in Regional Rural Bank (RRB) (Sponsor-Canara Bank) and Central Bank of India from January, 1981 to November, 1984.
During the fi nancial year 2018-19, he had undergone Certifi cation Programme in IT & Cyber Security for Board Members at IDRBT, Hyderabad.
3.9.8 lr E_. ^Jd§V amd (J¡a-Am{YH$m[aH$ {ZXoeH$)
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lr E_. Jd§V amd nyd© _| AJñV 2011 go 31 _B© 2014 AWm©V godm{Zd¥{Îm
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3.9.9 lr àXrn Hw$_ma O¡Z (eo`aYmaH$ {ZXoeH$)
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nX VrZ df© {XZm§H$ 07.09.2020 VH$ Ho$ {bE g§^mbm h¡&
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na A§{V_ ê$n XoZo VWm boImnarjm Ho {bE {Oå_oXma Wo & CÝhmo§Zo _S§b/
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àmoJ«m_ _o§ ^mJ {b`m&
86
3.9.10 Ms. Chitra Gouri Lal (Shareholder Director)
Ms. Chitra Gouri Lal, 68 years of age, hailing from Noida in Uttar Pradesh, is a postgraduate in M.Sc (Fiscal Studies) M.Phil in Social Science, having Masters Diploma in Public Administration and an M.Sc in Physics. She has 39 years of rich experience. She joined the Indian Customs & Central Excise Service in 1974 and rose to the level of Special Secretary to Government of India and Member, Central Board of Excise and Customs, from which post she superannuated in November, 2010. She has had a rich and varied experience at all levels in the Department of Revenue, in the fi eld as well as in the Ministry. She also worked on Central Deputation basis in the Ministry of Commerce, Ministry of Statistics and Planning and Ministry of Agriculture in different capacities, both at the middle, as well as the senior management levels. During her career she received training at the University of Bath, UK which led to a second Masters’ degree in Fiscal Studies. She has authored several important reports including one on Modernisation of the Indian Statistical System, another on Restructuring of Group B and C cadres of the Service. She assumed offi ce as shareholder director of the Bank effective from 26.08.2014 for a period of three years till 25.08.2017 and re-elected with effect from 08.09.2017, as shareholder director for a period of three years till 07.09.2020. She is also on the Board of unlisted Companies –M/s Purearth Infrastructure Ltd., as Whole Time Director and as an independent Director on the Board of M/s. Lava International Limited. She has attended a training program on “The making of a high performance Board” in November 2016 at Mumbai.
During the fi nancial year 2018-19, she had undergone a Certifi cation Programme in IT & Cyber Security for Board Members at IDRBT, Hyderabad.
3.9.11 Shri P. K. Panda (RBI Nominee Director) (vice Shri Pradyumna K. Jena w.e.f. 26.04.2019)
Shri P. K. Panda has been nominated as a Director on the Board of the Bank by the Government of India representing RBI, with effect from 26th April, 2019 until further orders.
Shri P. K. Panda was the Principal Chief General Manager of Reserve Bank of India (RBI). He currently holds the position of Senior Program Director of the Centre for Advanced Financial Research and Learning (CAFRAL), Mumbai. He was also the Principal of the College of Agricultural Banking, Reserve Bank of India, Pune. He has more than thirty years of experience in central banking and fi nancial sector supervision at the RBI.
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87ANNUAL REPORT 2018-19
He was a member of the Task Force which drafted the “Good Practice Principles on Supervisory Colleges” for the Standard Implementation Group of the Basel Committee on Banking Supervision, Basel, Switzerland.
He was with International Monetary Fund (IMF) as Resident Advisor Financial Sector Supervision from 2012 to 2015. He was also a RBI nominee Director on the Board of Bank of India during 2011-12. He is also on the Board of unlisted company- Home credite India Finance Private Limited.
3.9.12 Details on Shareholding of Non-Executive Directors as on 31.03.2019
Apart from holding of 500 Equity Shares by Ms. Chitra Gouri Lal and 100 Equity Shares by Shri Pradeep Kumar Jain, the shareholder Directors, there is no other shareholding by other non-executive directors as on 31.03.2019.
4. Committees of the Board
4.1 Audit Committee of the Board
The formation and functioning of Audit Committee of the Board (ACB) is governed by the directives of Reserve Bank of India, guidelines of Ministry of Finance, Government of India and read with Regulations 17 to 27 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to the extent applicable to the Bank. The ACB provides directions and also oversees the operations of the total audit function in the Bank comprising the organisation, operationalisation and quality control of internal audit and inspection within the Bank and follows up the statutory/external audit of the Bank and inspections of Reserve Bank of India.
Audit Committee reviews the fi ndings of investigation by the internal auditors into matters where fraud is suspected or irregularity or failure of internal control systems is observed and suggests strengthening of control mechanism. As regards external audit, the Committee interacts with Statutory Central Auditors before the fi nalisation of the annual accounts and reports as well as quarterly fi nancial review, focusing on the changes in accounting policies and practices, qualifi cation in the draft Audit Report, compliance with accounting standards and Stock Exchange/legal requirements.
The Audit Committee of the Board, at present, comprises the following 5 Board members till 31.03.2019. They are Shri Gopal Murli Bhagat, Executive Director of the Bank, (Shri Birupaksha Mishra, Executive Director has been attending the meetings of ACB as an invitee) Shri Manish Gupta, Government of India Nominee Director, Shri Pradyumna K.
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88
Jena ,RBI Nominee Director, Shri K. Srinivasa Murthy (since 23.01.2018), Chartered Accountant Category director and Shri Pradeep Kumar Jain (since 11.09.2017), Shareholder Director. The Committee is chaired by Shri K. Srinivasa Murthy, CA Category Director, since 22.03.2019 (Vice Shri Pradeep Kumar Jain, Shareholder Director). As per Regulations 17 to 27 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shri S. K. Dash, Company Secretary, Board Secretariat & Investors Services Department of the Bank is also the Secretary to ACB.
4.2 Management Committee
The Management Committee is constituted as per the provisions of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980 as amended. The Committee comprises of 7 directors as on 31.03.2019 under report, viz Smt. P.V. Bharathi, Managing Director & CEO (Since 01.02.2019, Vice Shri Jai Kumar Garg), Shri Gopal Murli Bhagat, Executive Director, Shri Birupaksha Mishra, Executive Director (Since 26.12.2018), Shri Pradyumna K. Jena (RBI Nominee Director), Shri Deverakonda Diptivilasa, (Non-offi cial Director, since 28.12.2017 till 24.04.2019), Shri M. Bhagavantha Rao, Non-Offi cial Director (Since 14.03.2019) and Ms. Chitra Gouri Lal (Shareholder Director, since 11.03.2019). The Managing Director & Chief Executive Offi cer Chairs the Committee Meeting. The Management Committee exercised the powers of the Board in respect of credit proposals above `250 crore for single borrower and `500 crore for group of borrowers, which were beyond the delegated powers of the Credit Approval Committee.
4.3 Credit Approval Committee
As per the directions of the Government of India, Ministry of Finance, Department of Financial Services, New Delhi, vide their communication reference No.13/1/2006-BO.1 dated 31st January, 2012, the Board of the Bank at its meeting held on 01.03.2012, constituted the Credit Approval Committee of the Board. The Credit Approval Committee exercises the powers of the Board in respect of any credit proposal where the aggregate exposure shall not exceed `250 crore. The credit proposals which exceed such limits are being considered by the Management Committee of the Board. In view of the above, the Credit Approval Committee exercises the powers of the Board in respect of credit proposal where the aggregate exposure shall not exceed `250 crore to single borrower and `500 crore for group borrowers. The Committee is also empowered – (i) to consider loan compromise/write-off proposals including
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89ANNUAL REPORT 2018-19
early mortality cases involving sacrifi ce up to `1.00 crore and (ii) to approve/modify/permit modifi cation/s in sanction terms in respect of sanctions accorded by the Management Committee of the Board and to modify the terms of sanction accorded by it.
The members of the committee are Smt. P.V. Bharathi, Managing Director & CEO (Since 01.02.2019 vice Shri Jai Kumar Garg ), Shri Gopal Murli Bhagat (Executive Director), Shri Birupaksha Mishra, Executive Director (Since 26.12.2018), General Managers in charge of Credit Division, Financial Management Division and Credit Monitoring Division. The committee meetings are chaired by Managing Director & Chief Executive Offi cer. General Manager in charge of Agriculture and Financial Inclusion Division, General Manager, SME and Retail Lending Division and General Manager, Recovery Division, also present their proposals to the Committee as member whenever there is such proposal.
Further to this, as per the directions dated 3rd April, 2012 received from the Government of India, Ministry of Finance, Department of Financial Services, Credit Approval Committees have been constituted at Zonal offi ce and Circle offi ce levels with effect from 1st May, 2012. These committees exercise sanctioning powers, which are beyond the delegated lending powers of the Branch Managers, but are within the delegated lending powers of the Executives heading such committees. Proposals which are beyond the delegated lending powers of the General Managers at Circle Offi ce level are being referred to the Head Offi ce level Credit Committee/Credit Approval Committee of the Board/Management Committee of the Board.
4.4 Head offi ce-level Credit Committee
With a view to ensure smooth and timely decisions on Credit/Recovery proposals, Head Offi ce Level Credit Committee headed by the Executive Director, has been constituted at Head Offi ce of the Bank with effect from 27.06.2013, to consider sanction of credit facilities upto `75 crore to a single borrower and upto 150 crore to group of borrowers and approve sacrifi ce amount upto `50 lakh for sanction of compromise/write off proposals. The members of the Committee are Shri Gopal Murli Bhagat, Executive Director, Shri Birupaksha Mishra, Executive Director (Since 26.12.2018) and General Managers in charge of Credit, Finance, Credit Monitoring, Retail Lending Division and Development of Priority Sector, constitute the members of the committee. General Managers in charge of Recovery and CAPS, are also present at the committee meeting when agendas pertaining to their division are presented. Credit proposals beyond the stipulated credit limits of the Head Offi ce level Credit Committee shall be referred to the Credit Approval Committee of the Board.
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G$U/dgybr àñVmdmo§ na gwMmé Am¡a gm_{`H$ {ZU©` gw{Z{üV H$aZo Ho {bE
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àYmZ H$m`m©b` ñVar` G$U g{_{V J{RV H$s JB© h¡& `h g{_{V EH$b
CYmaH$Vm© Ho _m_bo _o§ 75 H$amo‹S Am¡a CYmaH$Vm© g_yh Ho ~mao _o§ 150
H$amo‹S VH$ H$s G$U gw{dYmAmo§ H$s _§Oyar Am¡a g_Pm¡Vm/~Åm ImVo SmbZo dmbo
ImVmo§ _o§ 50 bmI VH$ H$s Ë`mJ am{e H$s _§Oyar na {dMma H$aoJr& lr Jmonmb
_wabr ^JV, H$m`©nmbH$ {ZXoeH$, lr {~énmj {_lm, H$m`©nmbH$ {ZXoeH$
(26.12.2018 go) Am¡a G$U, {dÎm, Omo{I_ à~§YZ Am¡a G$U {ZJamZr,
IwXam G$U à^mJ Am¡a àmW{_H$Vm àmßV joÌ {dH$mg Ho à^mar _hm à~§YH$
Cº g{_{V Ho gXñ` h¢& dgybr Ed§ H¡$ßg Ho _hm à~§YH$, CZHo à^mJ go
g§~§{YV H$m`©gyMr na {dMma H$aVo g_` g{_{V H$s ~¡RH$ _o§ CnpñWV hmo§Jo&
àYmZ H$m`m©b` ñVar` G$U g{_{V H$mo {d{Z{X©îQ G$U gr_mAmo§ go A{YH$
am{e Ho G$U àñVmdmo§ H$mo ~moS© H$s G$U AZw_moXZ g{_{V Ho g_j aIm
OmEJm&
90
4.5 Departmental Promotion Committee
The Departmental Promotion Committee comprises of 3 Directors, viz. Smt. P. V. Bharathi (since 01.02.2019 vice Shri Jai Kumar Garg) Managing Director & Chief Executive Offi cer, Shri Manish Gupta, Government of India nominee Director and Shri Pradyumna K. Jena, RBI Nominee Director as members. The Committee oversees the disciplinary cases in the Bank and promotions of top executives of the Bank from scale VI to scale VII till FY 2016-17 promotions. The Managing Director & Chief Executive Offi cer chairs the Committee Meetings.
4.6 Stakeholders’ Relationship Committee
As per Regulation 20 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a “Stakeholders Relationship Committee” of the Board was constituted under the Chairmanship of a non-executive director and such other members as approved by the Board, to look into the redressal of grievances of shareholders, debenture holders and other security holders. The Committee comprises of 5 members viz., Shri Gopal Murli Bhagat, Executive Director, Shri Birupaksha Mishra, Executive Director (Since 26.12.2018), Shri Devarakonda Diptivilasa (Non-offi cial Director), Shri Pradeep Kumar Jain and Ms. Chitra Gouri Lal, Shareholder Directors. Ms. Chitra Gouri Lal, Shareholder Director, chairs the Committee Meetings. In terms of Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shri S. K. Dash, Company Secretary in charge of Board Secretariat and Investor Services Department of the Bank is the Compliance Offi cer for the purpose of complying with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
During the year, 716 grievances were received from shareholders. However, as on 31st March, 2019, none of them was pending for redressal. Grievances are normally resolved within a period of seven days, unless further information from the shareholder is required. A table showing Grievances received, disposed off and pending as at the end of the year 2018-19 vis-a-vis 2017-18 is furnished hereunder:
4.5 {d^mJr` nXmoÞ{V g{_{V
{d^mJr` nXmoÞ{V g{_{V _o§ 3 {ZXoeH$ AWm©V² lr_Vr nr. dr. ^maVr, à~§Y {ZXoeH$ d _w»` H$m`©nmbH$ A{YH$mar (01.02.2019 go, nyd©dVr© lr O` Hw$_ma JJ©), lr _Zrf JwßVm, gaH$ma Zm{_Vr {ZXoeH$ Am¡a lr àÚwåZ Ho$. OoZm, ^m{a~¢ Zm{_Vr {ZXoeH$ gXñ` h¢& `h g{_{V ~¢H$ Ho AZwemgZ g§~§Yr _m_bmo§ Am¡a {dÎm df© 2016-17 VH$ hwB© nXmoÞ{V`mo§ _o§ ~¢H$ Ho doVZ_mZ VI go doVZ_mZ VII Ho CÀM H$m`©nmbH$mo§ H$s nXmoÞ{V`mo§ H$s XoIaoI H$aVr h¡& à~§Y {ZXoeH$ Am¡a _w»` H$m`©nmbH$ A{YH$mar g{_{V H$s ~¡RH$mo§ H$s AÜ`jVm H$aVo h¢&
4.6 eo`aYmaH$ H$m g§~§Y g{_{V
go~r (gyMr~Õ Xo`VmE§ Am¡a Amdí`H$ àH$QZ) {d{Z`_, 2015 Ho {d{Z`_ 20 Ho AZwgma J¡a-H$m`©nmbH$ {ZXoeH$ H$s AÜ`jVm _o§ Am¡a Eogo AÝ` gXñ`mo§ Ho$ VhV eo`aYmaH$, {S~o§Ma YmaH$ Am¡a AÝ` gwajm YmaH$ H$s {eH$m`Vmo§ Ho {ZdmaU na Ü`mZ XoZo Ho {bE ~moS© H$s EH$ ""eo`aYmaH$ g§~§Y g{_{V'' H$m JRZ {H$`m J`m Wm& g§à{V g{_{V _o§ 5 gXñ` h¢ AWm©V² lr Jmonmb _wabr ^JV - H$m`©nmbH$ {ZXoeH$, lr {~énmj {_lm, H$m`©nmbH$ {ZXoeH$ (26.12.2018 go), lr XodamH$mo§Sm XrpßV{dbmg (J¡a-Am{YH$m[aH$ {ZXoeH$), lr àXrn Hw$_ma O¡Z Am¡a gwlr {MÌm Jm¡ar bmb, eo`aYmaH$ {ZXoeH$ g{_V Ho gXñ` h¢& gwlr {MÌm Jm¡ar bmb, eo`aYmaH$ {ZXoeH$ g{_{V H$s ~¡RH$mo§ H$s AÜ`jVm H$aVr h¢& go~r (gyMr~Õ Xo`VmE§ Am¡a Amdí`H$ àH$QZ) {d{Z`_, 2015 Ho {d{Z`_ 6 Ho AZwgma lr Eg.Ho$. Xme, ~¢H$ Ho ~moS© g{Mdmb` VWm {ZdoeH$ godm {d^mJ Ho à^mar H§$nZr g{Md go~r (gyMr~Õ Xo`VmE§ Am¡a Amdí`H$ àH$QZ) {d{Z`_, 2015 Ho àmdYmZmo§ Ho$ AZwnmbZ Ho CÔoí` hoVw AZwnmbZ A{YH$mar h¢&
Bg df© Ho Xm¡amZ eo`aYmaH$mo§ go 716 {eH$m`Vo§ àmßV hwB©§& VWm{n, 31 _mM©, 2019 H$s pñW{V Ho AZwgma CZ_o§ H$moB© ^r {eH$m`V {ZnQmZ Ho {bE b§{~V Zht Wr& `{X eo`aYmaH$ go A{V{aº OmZH$mar H$s Amdí`H$Vm Zht hmoVr h¡ Vmo gm_mÝ`V… gmV {XZmo§ H$s Ad{Y Ho ^rVa {eH$m`Vmo§ H$m {ZnQmZ {H$`m OmVm h¡& df© 2017-18 H$s VwbZm _o§, àmßV, {ZnQm`r JB© Am¡a df© 2018-19 Ho A§V _o§ b§{~V {eH$m`Vmo§ H$mo Xem©Zo dmbr Vm{bH$m ZrMo àñVwV h¡&
91ANNUAL REPORT 2018-19
{eH$m`Vmo§ H$s àH¥${VNature of Grievances
2018-19 31.03.17H$mo b§{~V
Pending as on 31.03.17
2017-18
àmßVReceived
{ZnQm`rDisposed
31.03.19H$mo b§{~VPending
as on 31.03.19
àmßVReceived
{ZnQm`rDisposed
31.03.18H$mo b§{~VPending
as on 31.03.18
YZ dmngr/bm^m§e H$s AàmpßVNon-receipt of refund/dividend
169 169 – – 280 280 –
eo`a à_mUnÌ H$s AàmpßVNon-receipt of share certifi cate
53 53 – – 10 10 –
A§VaU hoVw ^oOo JE eo`a à_mUnÌ H$s AàmpßVNon-receipt of share certifi cate sent for transfer/duplicate
423 423 – – 150 150 –
eo¶a à‘mUnÌ Imo OmZmLoss of share certifi cate
68 68 – – 38 38 –
{d{dY/Miscellaneous – – – – – – –
ñQmH$ EŠgMo§Om| Ho$ µO[aE àmßVRecd. through Stock Exchanges
0 0 – – 03 03 –
go~r, ñH$mog© Ho$ µO[aE àmßVRecd. through SEBI, SCORES
03 03 – – 01 01 –
Hw$b/Total 716 716 – – 482 482 –
Though the average time taken for redressal of investor grievances at present is reasonable, to set higher standards in responding to the investor grievances, Bank has been consistently striving for reducing the time lag. Investor grievances received through the SEBI’s dedicated website SCORES, have also been redressed electronically, promptly.
4.7 Information Technology Committee
To keep pace with the fast changing business dynamics and customer needs, the Bank has been taking up various IT initiatives under the umbrella of e-governance to enhance customer convenience. To guide the Bank for accelerated implementation of these projects and also to explore the possibility of providing innovative technology based products and services that perfectly suit the requirements of the customers; Information Technology Committee has been constituted.
The Committee comprises of 6 members viz., Smt. P.V. Bharathi (Managing Director & Chief Executive Offi cer, since 01.02.2019 vice Shri Jai Kumar Garg), Shri Gopal Murli Bhagat (Executive Director), Shri Birupaksha Mishra (Executive Director, since 26.12.2018), Shri K. Srinivasa Murthy, Chartered Accountant Category Director (since 02.03.2019 vice Shri Deverakonda Diptivilasa Non-offi cial Director),
Ho ê$n _o§ ~¢H ; {ddoH , IwbmnZ, {ZînjVm, ì`mdgm{`H Vm, àH QZ Ûmam nmaX{e©Vm, Z¡{VH àWmAmo§ Am{X na AmYm{aV Rmog H$mnmo©aoQ àWmAmo§ Ho à{V H {Q~Õ h¡ {Oggo B©_mZXmar VWm {Oå_oXmar Ho gmW {ZînmXZ {H$`m Om gHo , {ZdoeH$mo§ Am¡a {hVYmaH$mo§ Ho AmË_{dœmg _o§ d¥{Õ hmo Am¡a XrKm©d{Y g\ bVm gw{Z{üV hmo& H$mnmo©aoeZ ~¢H _o§ H$mnmo©aoQ A{^emgZ {d{Z`m_H AnojmAmo§ H$m AZwnmbZ gw{Z{üV H aVo hwE hr Zht ~pëH bm^àX dmVmdaU Ho gmW J«mhH H$s Amdí`H VmAmo§ Ho AZwHy b ahH a ^r {dH {gV {H$`m J`m h¡& J«mhH g§VwpîQ VWm eo`aYmaH$mo§ Ho _yë` _o§ d¥{Õ H aZo Ho Xmohao CÔoí`mo§ Ho gmW ~¢H CËH¥ îQVm hoVw AWH à`mg H a ahm h¡ & ~¢H H$s gm_mÝ` àH¥ {V J«mhH go {dH {gV hmoVr h¡ {OgH$m Ho§ Ð-q~Xw eo`aYmaH h¡&
2. ~¢H$ H$m Xme©{ZH$ {gÕm§V2.1 ~¢H H$m Xe©Z CgHo H$mnmo©aoQ AmXe© dmŠ` "gdo© OZm… gw{IZmo ^dÝVw' AWm©V² ""g~ H$s g_¥{Õ hmo'' _o§ à{Vq~{~V hmoVm h¡ Omo g_mO Am¡a AW©ì`dñWm H$s ^bmB© H$s Amoa A{^àoV h¡& ~¢H H$m X¥‹T {dœmg h¡ {H gwX¥T H$mnmo©aoQ A{^emgZ àWmAmo§ go BgHo AnZo bú`mo§ H$s ny{V© Am¡a CÔoí`mo§ H$s àmpßV hmo OmVr h¡ {Oggo CgH$s N{d _o§ d¥{Õ hmoVr h¡, Omo AmJo MbH a eo`aYmH$mo§ Ho {bE {hVH$mar hmoVm h¡ Am¡a CZH$m {dœmg OrVZo H$s j_Vm H$mo ~‹TmVm h¡& CÎm_ H$mnmo©aoQ A{^emgZ erf© go Ama§^ hmoVm h¡ Am¡a ZrMo H$s Amoa gVV ~‹TVm h¡& {ZXoeH _§Sb Am¡a à~§YZ Cn`wº {ZU©` boVo h¢ Am¡a CËH¥ îQVm Ho CÀMV_ _mZH$mo§ H$mo àmßV H aZo hoVw ~¢H H$m _mJ©Xe©Z H aVo h¢&
`Ú{n {ZdoeH$ {eH$m`Vmo§ Ho {ZdmaU hoVw g§à{V {b`m OmZodmbm Am¡gV g_`
`w{º-g§JV h¡, {\$a ^r ~¢H$, {ZdoeH$ {eH$m`Vmo§ H$m CÎma XoZo _o§ CÀMVa
_mZH$mo§ H$mo ñWm{nV H$aZo hoVw g_` A§Vamb H$mo Am¡a ^r KQmZo Ho {bE
à`mgaV h¡& go~r Ho g_{n©V do~gmB©Q ñH$mog© Ho _mÜ`_ go àmßV {ZdoeH$
{eH$m`Vmo§ H$m BboŠQ—m{ZH$ ê$n go {ZamH$aU {H$`m J`m h¡&
4.7 gyMZm àm¡Úmo{JH$s g{_{V
VoµOr go ~XbVo H$mamo~ma n{aX¥í` Am¡a J«mhH$mo§ H$s Amdí`H$VmAmo§ Ho gmW
H$§Yo go H§$Ym {_bmH$a AmJo ~‹TZo Ho {bE ~¢H$ B©-JdZoªg Ho A§VJ©V
{d{dY gyMZm àm¡Úmo{JH$s nhb H$aVm ahm h¡& BZ n{a`moOZmAmo§ H$m Ëd{aV
H$m`m©Ýd`Z H$aZo VWm J«mhH$ gw{dYm Ed§ g§VwpîQ H$mo ~‹TmZo H$s X¥pîQ go
ZdmoÝ_ofr àm¡Úmo{JH$s AmYm{aV CËnmX àXmZ H$aZo H$s g§^mì`VmAmo§ H$m nVm
bJmZo hoVw ~¢H$ H$m _mJ©Xe©Z H$aZo Ho$ {bE gyMZm àm¡Úmo{JH$s g{_{V H$m JRZ
{H$`m J`m h¡&
Bg g{_{V _o§ 6 gXñ` h¢ AWm©V² lr_Vr nr. dr. ^maVr, (à~§Y {ZXoeH$
d _w»` H$m`©nmbH$ A{YH$mar 01.02.2019 go, nyd©dVr© lr O` Hw$_ma
JJ©), lr Jmonmb _wabr ^JV (H$m`©nmbH$ {ZXoeH$), lr {~énmj {_lm
(H$m`©nmbH$ {ZXoeH$ 26.12.2018 go), lr Ho$. lr{Zdmg _y{V© (gZXr
boImH$ma àdJ© {ZXoeH$ (02.03.2019 go), lr XodamH$mo§Sm XrpßV{dbmg,
92
Shri Pradeep Kumar Jain and Ms. Chitra Gouri Lal, Shareholder Directors, are the members of the Committee. Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer of the Bank chairs the Committee Meetings.
4.8 Risk Management Committee
The Risk Management Committee of the Board was formed to provide adequate checks and balances, transparency and disclosures, robust risk management systems, risk containment procedures, early warning systems and prompt corrective actions to avoid default. The Committee comprises of 7 Directors and is chaired by Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer (since 01.02.2019 vice Shri Jai Kumar Garg). The other members of the Committee are Shri Gopal Murli Bhagat, Executive Director of the Bank, Shri Birupaksha Mishra, Executive Director of the Bank (since 26.12.2018), Shri K. Srinivasa Murthy, Chartered Accountant Category Director, Shri Deverakonda Diptivilasa, Non-offi cial Director, Shri Pradeep Kumar Jain and Ms. Chitra Gouri Lal, Shareholder Directors.
4.9 Committee to Monitor Large Value Frauds
With a view to closely monitor frauds involving amounts of Rupees one crore and above, a Committee of the Board to Monitor Large Value Frauds has been constituted in terms of the guidelines of Reserve Bank of India. The Committee comprises of 7 Board Directors as members and is chaired by Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer (since 01.02.2019 vice Shri Jai Kumar Garg). The other members of the Committee are Shri Gopal Murli Bhagat, Executive Director of the Bank, Shri Birupaksha Mishra, Executive Director of the Bank (since 26.12.2018), Shri Manish Gupta, Government of India Nominee Director, Shri Deverakonda Diptivilsasa, Non-offi cial Director, Shri Pradeep Kumar Jain and Ms. Chitra Gouri Lal, Shareholder Directors.
4.10 Share Transfer Committee
To meet the requests of the shareholders for transfer of shares, rematerialisation and issuance of duplicate share certifi cates, a “Share Transfer Committee” of the Board was constituted by the Board of Directors in line with the extant regulations. The Committee comprises of 3 members viz., Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer (since 01.02.2019 vice Shri Jai Kumar Garg) or in his absence, the Executive Director, Shri Gopal Murli Bhagat or in his absence Shri Birupaksha Mishra, Executive Director (since 26.12.2018) chairs the committee meetings. Shri Pradeep Kumar Jain and Ms. Chitra Gouri Lal, Shareholder Directors, are the other two members of the committee.
J¡a-Am{YH$m[aH$ {ZXoeH$, lr àXrn Hw$_ma O¡Z Am¡a gwlr {MÌm Jm¡ar bmb
eo`aYmaH$ {ZXoeH$ g{_{V Ho gXñ` h¢& lr_Vr nr. dr. ^maVr, à~§Y
{ZXoeH$ Am¡a _w»` H$m`©nmbH$ A{YH$mar g{_{V H$s ~¡RH$mo§ H$s AÜ`jVm
H$aVr h¢&
4.8 Omo{I_ à~§YZ g{_{V
{ZXoeH$ _§Sb H$s Omo{I_ à~§YZ g{_{V n`m©ßV Om±M Am¡a g§VwbZ, nmaX{e©Vm
Am¡a àH$QZ, gwX¥T Omo{I_ à~§YZ àUm{b`m±, Omo{I_ {Z`§ÌU nÕ{V`m±,
erK« MoVmdZr àUm{b`m± Am¡a MyH$ go ~MZo Ho {bE Vwa§V gwYmamË_H$
H$ma©dmB`m± H$aZo Ho {bE J{RV H$s J`r Wr& Bg g{_{V _o§ 7 {ZXoeH$ h¢
Am¡a lr_Vr nr. dr. ^maVr, à~§Y {ZXoeH$ d _w»` H$m`©nmbH$ A{YH$mar
(01.02.2019 go, nyd©dVr© lr O` Hw$_ma JJ©) BgH$s AÜ`jVm H$aVr h¢&
g{_{V Ho AÝ` gXñ` h¢, lr Jmonmb _wabr ^JV, ~¢H$ Ho H$m`©nmbH$
{ZXoeH$, lr {~énmj {_lm, ~¢H$ Ho H$m`©nmbH$ {ZXoeH$ (26.12.2018 go)
lr Ho$. lr{Zdmg _y{V©, gZXr boImH$ma {ZXoeH$, lr XodamH$mo§Sm XrpßV{dbmg,
J¡a-Am{YH$m{aH$ {ZXoeH$, lr àXrn Hw$_ma O¡Z, VWm gwlr {MÌm Jm¡ar bmb
eo`aYmaH$ {ZXoeH$&
4.9 CÀM _yë` Ho H$nQmo§ H$s {ZJamZr g{_{V
EH$ H$amo‹S énE Ed§ A{YH$ Ho H$nQmo§ H$s JhZ {ZJamZr H$aZo Ho {bE maVr`
{aµOd© ~¢H$ Ho {Xem{ZXo©emo§ Ho$ AZwgma CÀM _yë` Ho$ H$nQmo§ H$s {ZJamZr
hoVw ~moS© H$s EH$ g{_{V H$m JRZ {H$`m J`m& Bg g{_{V _o§ 7 {ZXoeH$ h¢
Am¡a lr_Vr nr. dr. ^maVr, à~§Y {ZXoeH$ d _w»` H$m`©nmbH$ A{YH$mar
(01.02.2019 go, nyd©dVr© lr O` Hw$_ma JJ©) BgH$s AÜ`jVm H$aVo h¢&
g{_{V Ho$ AÝ` gXñ` h¢, lr Jmonmb _wabr ^JV, ~¢H$ Ho$ H$m`©nmbH$
{ZXoeH$, lr {~énmj {_lm, ~¢H$ Ho H$m`©nmbH$ {ZXoeH$ (26.12.2018 go),
lr _Zrf JwßVm, gaH$ma Zm{_Vr {ZXoeH$, lr XodamH$mo§Sm XrpßV{dbmg,
J¡a-Am{YH$m[aH$ {ZXoeH$, lr àXrn Hw$_ma O¡Z VWm gwlr {MÌm Jm¡ar bmb,
eo`aYmaH$ {ZXoeH$Ÿ&
4.10 eo`a A§VaU g{_{V
eo`amo§ Ho$ A§VaU, ar_o{Q{a`bmBOoeZ VWm ‹SwpßbHo$Q eo`a à_mUnÌmo§ H$mo
Omar H$aZo Ho g§~§Y _o§ eo`aYmaH$mo§ Ho AZwamoYmo§ na {dMma H$aZo Ho CÔoí`
go àM{bV {Z`_mo§ Ho AZwê$n {ZXoeH$ _§Sb Zo ~moS© H$s EH$ "eo`a A§VaU
g{_{V' J{RV H$s h¡& g{_{V _o§ 3 gXñ` h¢ AWm©V² lr_Vr nr. dr. ^maVr,
à~§Y {ZXoeH$ d _w»` H$m`©nmbH$ A{YH$mar (01.02.2019 go nyd©dVr©
lr O` Hw$_ma JJ©), BgH$s AÜ`jVm H$aVr h¢ AWdm CZH$s AZwnpñW{V
_o§ H$m`©nmbH$ {ZXoeH$ lr Jmonmb _wabr ^JV AWdm CZH$s AZwnpñW{V
_o§ H$m`©nmbH$ {ZXoeH$ lr {~énmj {_lm ~¢H$ Ho H$m`©nmbH$ {ZXoeH$
(26.12.2018 go) BgH$s AÜ`jVm H$aVo h¢& lr àXrn Hw$_ma O¡Z VWm gwlr
{MÌm Jm¡ar bmb eo`aYmaH$ {ZXoeH$ g{_{V Ho AÝ` Xmo gXñ` h¢&
93ANNUAL REPORT 2018-19
4.11 Customer Service Committee
With a view to safeguard the rights of individual customers and to deliver better customer service, the Bank has constituted the Customer Service Committee of the Board, in line with the directions of the Reserve Bank of India. The committee as on date under report comprises of 6 members. The members are Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer (since 01.02.2019 vice Shri Jai Kumar Garg), who chairs the committee meetings, Shri Gopal Murli Bhagat, Executive Director of the Bank, Shri Birupaksha Mishra, Executive Director (since 26.12.2018), Shri K. Srinivasa Murthy, Shri Pradeep Kumar Jain, Director and Ms. Chitra Gouri Lal (since 04.11.2018 vice Shri Deverakonda Diptivilasa).
4.12 Nomination Committee
The Nomination Committee was constituted by the Board of the Bank at its meeting held on 22.12.2007 as per the guidelines issued by Reserve Bank of India dated 01.11.2007 read with Section 9(3AA) and Section 9(3AB) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 to undertake a process of due diligence to determine “fi t and proper” status of the existing Shareholder Directors of the Bank and of those who fi le Nominations for election as Shareholder Directors of the Bank under the provisions of Section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980. The committee comprises of three members viz., Shri Manish Gupta, Government of India Nominee Director, Shri K. Srinivasa Murthy, Chartered Accountant Category Director (since 23.01.2018) and Shri Devarakonda Diptivilasa, Non-Offi cial Director.
4.13 Internal Capital Adequacy Assessment Committee (ICAAP Committee)
The Reserve Bank of India has formulated guidelines in the lines of the new Capital Adequacy framework introduced by Basel II and Basel III which seeks to enhance the Basel I practices with the objective of strengthening the soundness and stability of the Banking system. The objectives of the policy are to ensure management of internal capital in accordance with the RBI Guidelines, Basel Guidelines and overall Corporate Governance Principles, to describe the process for identifi cation, assessment, measurement and aggregation of the risks inherent in the Bank’s business and operations, to ensure that the available capital is commensurate with the Bank’s risk profi le and to ensure that there is clear assignment of roles and responsibilities for facilitating the ICAAP.
The Committee members viz., Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer (Since 01.02.2019 vice Shri Jai Kumar Garg), Shri Gopal Murli Bhagat – Executive Director, Shri Birupaksha Mishra, Executive Director (Since
4.11 J«mhH$ godm g{_{V
^maVr` {aµOd© ~¢H$ Ho {ZXoemo§ Ho AZwgma VWm ì`{º$JV J«mhH$ Ho A{YH$mamo§
Ho g§ajU VWm ~ohVa J«mhH$ godm àXmZ H$aZo H$s X¥pîQ go ~¢H$ Zo J«mhH$
godm g{_{V H$m JRZ {H$`m& g{_{V _o§ 6 gXñ` h¢& lr_Vr nr. dr.
^maVr, à~§Y {ZXoeH$ d _w»` H$m`©nmbH$ A{YH$mar (01.02.2019 go
nyd©dVr© lr O` Hw$_ma JJ©), Omo g{_{V H$s ~¡RH$mo§ H$s AÜ`jVm H$aVo h¢,
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4.12 Zm_m§H$Z g{_{V
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94
26.12.2018) and Shri K. Srinivasa Murthy (since 22.03.2019, Director and as Chairman of the Audit Committee of the Board vice Shri Pradeep Kumar Jain). The Committee meetings are also attended by, Senior Executives of the Bank as members namely, General Manager in charge of Credit Division, the General Manager, Financial Management Division, the General Manager, Integrated Risk Management Division and theGeneral Manager, Treasury and Investment Department. Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer, chairs the meetings of the Committee.
4.14 Human Resources Committee
As per the directives of the Ministry of Finance, Department of Financial Services, Government of India, New Delhi, vide their communication dated 21.03.2012, the Board of the Bank at its meeting held on 26.03.2012, constituted the HR Committee of the Board to provide for interaction between unions/associations and the management.
Smt. P. V. Bharathi, Managing Director & Chief Executive Offi cer of the Bank (since 01.02.2019 vice Shri Jai Kumar Garg), Shri Gopal Murli Bhagat – Executive Director of the Bank, Shri Birupaksha Mishra, Executive Director (since 26.12.2018), Shri Manish Gupta, Government of India Nominee Director and Shri Pradyumna K. Jena, RBI Nominee Director are the members of the committee. The committee meetings are chaired by Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer of the Bank.
4.15 Securities Allotment Committee
To meet the Capital requirement of the Bank under Basel-III, the Bank may have to raise capital by way of issue of shares and/or Bonds, etc., every year, on need based requirement. The Board of the Bank, therefore, constituted a committee on 11th November, 2013, called the “Securities Allotment Committee of the Board”, to consider the allotment of Equity shares/Bonds in such cases. The committee is of permanent nature and will act as per the directions of the Board. The members of the committee are viz., Shri Gopal Murli Bhagat - Executive Director of the Bank, Shri K. Srinivasa Murthy, Chartered Accountant Category Director (since 24.03.2018), Shri Deverakonda Diptivilasa, Non-offi cial Director, Shri Pradeep Kumar Jain and Ms. Chitra Gouri Lal, Shareholder Directors are the members of the Committee. The committee meetings were chaired by Shri Gopal Murli Bhagat, Executive Director during the year under report. When the Agenda of CorpBank ESPS- 2018 was taken up, the meeting was chaired by Shri Devarakonda Diptivilasa, Director.
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95ANNUAL REPORT 2018-19
4.16 Recovery Monitoring Committee
In order to have a robust monitoring mechanism for recovery, the Ministry of Finance, Department of Financial Services, Government of India, New Delhi, vide their communication dated 21.11.2012, advised to constitute a Committee of the Board for Monitoring the progress in Recovery on a regular basis and to submit its report to the Board on a monthly basis. The constitution of the committee was approved by the Board in its meeting held on 26.11.2012. The committee comprises of 3 Directors as members viz., Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer (since 01.02.2019 vice Shri Jai Kumar Garg), Shri Gopal Murli Bhagat - Executive Director of the Bank, Shri Birupaksha Mishra, Executive Director (since 26.12.2018) and Shri Manish Gupta, the Government Nominee Director. The meetings of the committee are chaired by Smt. P.V. Bharathi, Managing Director & Chief Executive Offi cer.
4.17 Review Committee for Wilful Defaulters
As per the directions of Reserve Bank of India to put in place a transparent mechanism for classifying borrowers as Wilful Defaulters, this Committee was formed to review the orders of the executive committee that identifi es wilful defaulters, vide Board Minute No. 75 dated 25.06.2015. The Committee comprises 3 members namely, Smt. P.V. Bharathi, Managing Director and Chief Executive Offi cer (since 01.02.2019 vice Shri Jai Kumar Garg), Shri K. Srinivasa Murthy, (Chartered Accountant Category Director, since 11.03.2019) and Ms. Chitra Gouri Lal (Shareholder Director, since 25.12.2018).
4.18 Sub Committee of the Board for Digital Payments Promotion & Business Promotion in Branches
The name of Sub Committee of the Board to monitor the Business Growth of Newly Opened Branches got amended vide Board minute no. 33 dated 11.09.2017 as Sub Committee of the Board for Digital Payments Promotion & Business Promotion in Branches with inclusion of Promotion of Digital Payments function of the Committee as Government of India has directed vide its communication dated 05.07.2017 that the Board of the Bank should have such committee. Hence apart from the review of the performance of newly opened branches and to monitor the growth of CASA, this Sub Committee will also review Promotion of Digital Payments as well as matters related to Cyber Security Policies as Govt. of India nominated Director is also a member of this committee vide Board minute no. 37 dated 29.06.2018. The Committee comprises of 4 members namely, Shri Manish Gupta, Director, Shri Devarakonda Diptivilasa, Director, Shri Pradeep Kumar Jain, Director and Ms. Chitra Gouri Lal, Director. The Committee meetings are chaired by Shri Manish Gupta, Government of India Nominee Director.
4.16 dgybr {ZJamZr g{_{V
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4.17 BamXVZ MyH$H$Vm©Amo§ hoVw g_rjm g{_{V
BamXVZ MyH$H$Vm©Amo§ Ho ê$n _o§ CYmaH$Vm©Amo§ H$mo dJr©H¥ V H$aZo hoVw nmaXer© àUmbr bmJy H$aZo hoVw ^maVr` {aµOd© ~¢H$ Ho {ZXoemo§ Ho AZwgma, BamXVZ MyH$H$Vm©Amo§ H$mo nhMmZZo dmbr H$m`©nmbH$ g{_{V Ho AmXoemo§ H$s g_rjm Ho {bE Bg g{_{V H$m JRZ {ZXoeH$ _§Sb H$m`©d¥Îm g§. 75 {XZm§{H$V 25.06.2015 Ho O{aE {H$`m J`m& g{_{V _o§ 3 gXñ` h¢, AWm©V², lr_Vr nr. dr. maVr, à~§Y {ZXoeH$ d _w»` H$m`©nmbH$ A{YH$mar (01.02.2019 go nyd©dVr© lr O` Hw$_ma JJ©), lr Ho .lr{Zdmg _y{V© (gZXr boImH$ma àdJ© {ZXoeH$,11.03.2019 go) VWm gwlr {MÌm Jm¡ar bmb, (eo`aYmaH$ {ZXoeH$, 25.12.2018 go)&
4.18 emImAmo§ _o§ {S{OQb ^wJVmZ Ho àMma Ed§ H$mamo~ma d¥{Õ hoVw ~moS© H$s Cn g{_{V
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96
4.19 Other Committees
The Board also formed other Sub-committees of the Board namely (i) Review Committee for Non-Cooperative Borrowers, (ii) Committee to consider voting for shareholder Director, (iii) Committee for Selection of Business/Management/Operational Consultant, (iv) Committee to Review the Appraisal report of General Managers (APAR Committee), (v) Appeal Committee to review the appeal against the Regular Departmental Action for major penalty for General Managers, (One year period of the committee expired on 21.01.2019) and (vi) A Special Committee is also formed to look into the matters of compulsory Retirements of Offi cers who completed the service of 30 years and above. The Frequency of these committee Meetings is on need basis.
5. Remuneration to Directors
5.1 Only sitting fees as prescribed by the Government of India for attending Board and Committee meetings are paid to the non-executive and non-executive independent directors except Government of India nominee director and RBI Nominee Director.
5.2 The details of remuneration paid to the whole-time Directors of the Bank i.e. Managing Director & Chief Executive Offi cer and the Executive Director as per terms and conditions of appointment fi xed and Performance linked incentive Scheme framed by the Central Government, i.e. for the year 2018-19 is furnished hereunder :
(` _|/in `)
{ddaUParticulars
lr_Vr nr. dr. ^maVr à~§Y {ZXoeH$ Ed§ _w»` H$m`©nmbH$ A{YH$mar$ Smt. P. V. Bharathi
MD & CEO
O` Hw _ma JJ©, nyd© à~§Y {ZXoeH$ Ed§ _w»` H$m`©nmbH$ A{YH$mar$
Shri Jai Kumar Garg, Ex-MD & CEO
lr Jmonmb _wabr ^JV H$m.{Z.
Shri Gopal Murli Bhagat, ED
lr {~énmj {_lm, H m.{Z.
Shri Birupaksha Mishra, ED
doVZ Salary 4,60,096.00 24,39,590.20 25,32,008.13 6,49,155.10
nrE\ _o§ `moJXmZContribution to PF
41,080.002,22,450.00 2,26,800.00 58,051.94
H$_©Mmar ñQ>m°H$ IarX `moOZm na n[abpãY _yë` Perquisite value on Employee Stock purchase Scheme
eyÝ` NIL 66,900.00 51,200.00 66,900.00
{ZînmXZ g§~Õ àmoËgmhZ Performance Linked Incentive
eyÝ` NIL eyÝ` NIL eyÝ` NIL eyÝ` NIL
Hw$b Total 5,01,176.00 27,28,940.20 28,10,008.13 7,74,107.04
ñQm°H$ {dH$ënStock Option eyÝ` NIL eyÝ` NIL eyÝ` NIL eyÝ` NIL
4.19 AÝ` g{_{V`m±
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g{_{V, (iii) H$mamo~ma/à~§YZ/n{aMmbZJV gbmhH$ma Ho M`Z hoVw g{_{V,
(iv) _hm à~§YH$mo Ho _yë`m§H$Z {anmoQmoª H$s g_rjm hoVw g{_{V (EnrEAma
g{_{V) Am¡a (v) _hm à~§YH$mo§ hoVw à_wI X§S hoVw {Z`{_V {d^mJr` H$ma©dmB©
Ho {déÕ Anrb H$s g_rjm hoVw Anrb g{_{V (g{_{V H$s EH$ df© H$s
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Ho AZwgma àXÎm nm{al{_H$ Ho {ddaU {ZåZdV² h¢&
97ANNUAL REPORT 2018-19
7.3 Extraordinary General Meeting
Extraordinary General Meeting of the shareholders of the Bank was held at H.O., Mangaluru to issue shares, the details of which are as follows:
6. In terms of the Regulations 17 to 27 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Certifi cate has been obtained from the Statutory Central Auditors on Corporate Governance in the Bank for the year 2018-19 and the same is annexed to this report.
7. General Meetings
7.1 In terms of the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, the shareholders at the Annual General Meeting are entitled to discuss, approve and adopt the Balance Sheet, Profi t and Loss account, the report of the Board of Directors and the Auditors’ Report.
7.2 {nNbr VrZ dm{f©H$ _hmg^m Ho$ {ddaU / Particulars of past three Annual General Meetings
{dÎm df© Financial Year 2015-16 2016-17 2017-18
dm{f©H$ _hmg^m H$m g_` Am¡a {XZm§H$Date & Time of the AGM
29.06.2016g_`: nydm©• 10.30 ~Oo29.06.2016Time 10.30 a.m.
28.06.2017g_`: nydm©• 10.30 ~Oo28.06.2017Time 10.30 a.m.
29.06.2018g_`: nydm©• 10.30 ~Oo29.06.2018Time 10.30 a.m.
ñWmZVenue
~¢H$ H$m àYmZ H$m`m©b` d H$mnmo©aoQ H$m`m©b`, _§JbyéBank’s Head Offi ce & Corporate Offi ce, Mangaluru.
~¢H$ H$m àYmZ H$m`m©b` d H$mnmo©aoQ H$m`m©b`, _§JbyéBank’s Head Offi ce & Corporate Offi ce, Mangaluru.
~¢H$ H$m àYmZ H$m`m©b` d H$mnmo©aoQ H$m`m©b`, _§JbyéBank’s Head Offi ce & Corporate Offi ce, Mangaluru.
nm[aV {deof g§H$ënSpecial Resolutions passed
eyÝ` Nil EH One EH One
6. go~r (gyMr~Õ Xo`VmE§ Am¡a Amdí`H$ àH$QZ), {d{Z`_, 2015 go
{d{Z`_ 17 go 27 Ho AZwgma df© 2018-19 hoVw ~¢H$ _o§ H$mnmo©aoQ A{^emgZ
Ho g§~§Y _o§ gm§{d{YH$ Ho§Ðr` boIm narjH$mo§ go à_mU nÌ àmßV {H$`m J`m h¡
Omo Bg {anmoQ© Ho gmW g§b¾ h¡&
7. _hmg^m
7.1 ~¢qH$J H§$nZr (CnH«$_mo§ H$m AO©Z Am¡a A§VaU) A{Y{Z`_, 1980 Ho
g§emo{YV àmdYmZmo§ Ho AZwgma, _hmg^m _o§ eo`aYmaH$ VwbZnÌ, bm^-hm{Z
boIm, {ZXoeH$ _§Sb H$s {anmoQ© VWm boIm narjH$mo§ H$s {anmoQ© na MMm© H$aZo,
AZw_moXZ H$aZo VWm AnZmZo Ho {bE nmÌ h¢&
7.3 AgmYmaU _hmg^m
eo`amo§ H$mo Omar H$aZo hoVw àYmZ H$m`m©b`, _§Jbyé _o§ EH$ AgmYmaU _hmg^m
Am`mo{OV H$s JB© Wr, {OgHo {ddaU {ZåZmZwgma h¢:
98
~¡RH$ H$m {XZm§H$Am¡a g_`
Date and Time of the Meeting
ñWmZ Venue nm[aV {deof g§H$ënSpecial Resolutions passed {Q>ßn{U`m±
Remarks
7 {gV§~a, 2018
nydm©• 10.30 ~Oo7th September, 2018at 10.30 a.m.
~¢H H m àYmZ H m`m©b` d H mnmo©aoQ H$m`m©b`, _§JbyéBank’s Head Offi ce & Corporate Offi ce, Mangaluru.
(i) ^maVr` à{V y{V {d{Z_` ~moS© (ny§Or {ZJ©_ Am¡a àH$QrHaU AnojmE±), {d{Z`_, 2009 (go~r AmB©grSrAma {d{Z`_) Ho AÜ`m` VII Ho {d{Z`_ 76 AZwgaU _o§ {ZXoeH _§Sb Ûmam `Wm {ZYm©{aV `27.40 à{V B©p¹Qr eo a AWm©V `29.40 Omar _yë` Ho àr{_`_ na ZH Xr hoVw àË oH `2/- (énE Xmo _mÌ) Ho 86,90,47,619 B©p¹Qr eo amo§ VH Am¡a g_J«V: `2554,99,99,998.60 (énE Xmo hOma nm±M gm¡ Mm¡dZ H amo‹S {ZÝ`mZdo bmI {ZÝ`mZdo hOma Zm¡ gm¡ ARmZdo Am¡a gmR n¡gm _mÌ) (àr{_`_ am{e g{hV) H mo A{Y_mZr AmYma na ^maV gaH ma (AWm©V ^maV Ho amîQ—n{V) H mo àXmZ, Omar Am¡a Am~§QZ H aZo Hmo AZw_mo{XV H aZm&
(i) `27.40 à{V B©p¹Qr eo`a AWm©V `29.40 Omar _yë`
Ho àr{_`_ na ZH Xr hoVw àË`oH `2/- (énE Xmo
_mÌ) Ho 86,90,47,619 B©p¹Qr eo`amo§ VH Am¡a
`2554,99,99,998.60 (énE Xmo hOma nm±M gm¡
Mm¡dZ H amo‹S {ZÝ`mZdo bmI {ZÝ`mZdo hOma Zm¡ gm¡
ARmZdo Am¡a gmR n¡gm _mÌ) (àr{_`_ am{e g{hV) H
mo A{Y_mZr AmYma na maV gaH ma H mo (AWm©V² maV
Ho amîQ—n{V) H mo Am~§QZ&
(i) To approve, offer, issue and allot up to 86,90,47,619 equity shares of `2/- each (Rupees Two only) for cash at a premium of 27.40 per equity share i.e. issue price of `29.40 aggregating upto `2554,99,99,998.60 (Rupees twothousand fi ve hundred and fi fty four crore ninety nine lakh ninety nine thousand nine hundred ninety eight and paise sixty only) (inclusive of premium amount) on preferential basis to Government of India (i.e. President of India) as determined by the Board in accordance with Regulation 76, Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (i.e. the SEBI ICDR Regulations)”.
(i) Allotment of 86,90,47,619 equity shares of `2/- each (Rupees Two only) for cash at a premium of `27.40 per equity share i.e. issue price of `29.40 aggregating upto `2554,99,99,998.60 (Rupees two thousand fi ve hundred and fi fty four crore ninety nine lakh ninety nine thousand nine hundred ninety eight and paise sixty only) (inclusive of premium amount) on preferential basis to Government of India (i.e. President of India).
(ii) H mnmo©aoeZ ~¢H H _©Mmar ñQm°H IarX `moOZm, 2018 (BgHo ~mX ""Hmn©~¢H - B©EgnrEg'' H hm J`m h¡) Ho A§VJ©V bm^m§e Ho ^wJVmZ g{hV g_ñV à`moOZmo§ Am¡a g^r àH ma Ho ~¢H Ho dV©_mZ Bp¹Qr eo`amo§ H r g__yë` (nar nñgw) a¢qH J Ho gmW ~moS©/g{_{V Ûmam CZHo {ddoH m{YH ma go V` {H E JE Eogo _yë` `m _yë`mo§, Am¡a Eogo {Z`_mo§ Am¡a eVmoª na EH `m AZoH ~ma A§{H$V _yë` `2/- à{V H r Xa go 10,00,00,000 (10 H amo‹S) VH Z`o eo`amo§ H m {Z_m©U, àñVmd, {ZJ©_ Ed§ Am~§QZ&
(ii) ~¢H Ho ~moS© H r à{V^y{V Am~§QZ g{_{V Zo H mnmo©aoeZ ~¢H H _©Mmar ñQm°H HŒ `moOZm 2018 (H mn©~¢H B©EgnrEg 2018) Ho A§VJ©V nmÌ H _©Mm{a`mo§ H mo `2 à{V H r Xa go 5,40,40,570 (énE nm±M H amo‹S Mmbrg bmI Mmbrg hµOma nm±M gm¡ gÎma _mÌ) Bp¹Qr eo`amo§ Ho Am~§QZ na {dMma H aZm Am¡a AZw_mo{XV H aZm& VXZwgma, ~¢H Zo H mn©~¢H B©EgnrEg 2018 Ho Ûmam `105.97 H amo‹S OwQm`m&
99ANNUAL REPORT 2018-19
~¡RH$ H$m {XZm§H$Am¡a g_`
Date and Time of the Meeting
ñWmZ Venue nm[aV {deof g§H$ënSpecial Resolutions passed {Q>ßn{U`m±
Remarks
(ii) To create, grant offer, issue and allot up to 10,00,00,000 (Ten crore) new equity shares of face value of `2/- (Rupees Two only) each, ranking pari passu with the existing equity shares of the Bank for all purpose and in all respects, including payment of dividend, under an Employee Stock Purchase Scheme (hereinafter referred to as “CorpBank-ESPS’’) in one or more tranches, at such price or prices, and on such terms and conditions as may be decided by the Board/Committee in its absolute discretion.
(ii) The Securities Allotment Committee of the Board of the Bank has considered and approved allotment of 5,40,40,570 (Five Crore Forty Lakh Forty Thousand Five Hundred and Seventy) Equity Shares of `2/- each to eligible employees under Corporation Bank Employee Stock Purchase Scheme 2018 (CORPBANK ESPS 2018). Accordingly, the Bank has raised `105.97 crore through CORPBANK ESPS 2018.
27th _mM©, 2019
nydm©• 10.30 ~Oo
27th March, 2019at 10.30 a.m.
~¢H H m àYmZ H m`m©b` d H mnmo©aoQ Hm`m©b`, _§JbyéBank’s Head Offi ce & Corporate Offi ce, Mangaluru.
^maVr` à{V y{V {d{Z_` ~moS© (ny§Or {ZJ©_ Am¡a àH$Q>rH$aUAnojmE±), {d{Z`_, 2018 (go~r AmB©grSrAma {d{Z`_) Ho AÜ`m` V Ho {d{Z`_ 164 AZwgaU _o§ {ZXoeH _§Sb Ûmam `Wm {ZYm©{aV `24.68 à{V B©p¹Qr eo a AWm©V `26.68 Omar _yë` Ho àr{_`_ na ZH Xr hoVw àË oH `2/- (énE Xmo _mÌ) Ho 340,55,47,226 B©p¹Qr eo amo§ VH Am¡a g_JŒV: `9085,99,99,989.68 (énE Zm¡ hOma {nMmgr H$amo‹S {ZÝ`mZdo bmI {ZÝ`mZdo hOma Zm¡ gm¡ Zdmgr Am¡a AS>gR n¡gm _mÌ)(àr{_`_ am{e g{hV) H$mo A{Y_mZr AmYma na maV gaH ma (AWm©V maV Ho amîQ—n{V) H mo àXmZ, Omar Am¡a Am~§QZ H aZo H mo AZw_mo{XV H aZm&
`24.68 à{V B©p¹Qr eo`a AWm©V `26.68 Omar _yë` Ho àr{_`_ na ZH Xr hoVw àË`oH `2/- (énE Xmo _mÌ) Ho 340,55,47,226 B©p¹Qr eo`amo§ VH Am¡a `9085,99,99,989.68 (énE Zm¡ hOma {nMmgr H$amo‹S {ZÝ`mZdo bmI {ZÝ`mZdo hOma Zm¡ gm¡ Zdmgr Am¡a AS>gR n¡gm _mÌ) (àr{_`_ am{e g{hV) H mo A{Y_mZr AmYma na ^maV gaH ma H mo (AWm©V² ^maV Ho amîQ—n{V) H mo Am~§QZ&
To approve, offer, issue and allot upto 340,55,47,226 equity shares of `2/-each(Rupees Two only) for cash at a premium of `24.68 per equity share i.e. issue price of `26.68 aggregating upto `9085,99,99,989.68 (Rupees Nine Thousand Eighty Five Crore Ninety Nine Lakh Ninety Nine Thousand Nine Hundred Eighty Nine and Paisa Sixty Eight only) (inclusive of premium amount) on preferential basis to Government of India (i.e. President of India) as determined by the Board in accordance with Regulation 164, Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (i.e. the SEBI ICDR Regulations)”.
Allotment of 340,55,47,226 equityshares of `2/- each (` Two only) forcash at a premium of `24.68 per equity share i.e. issue price of `26.68aggregating up to `9085,99,99,989.68 (Rupees Nine Thousand Eighty Five Crore Ninety Nine Lakh Ninety Nine Thousand Nine Hundred Eighty Nine and Paisa Sixty Eight only) (inclusive of premium amount) on preferential basis to Government of India (i.e. President of India).
Cnamoº {deof g§H$ën nm[aV H$aZo Ho {bE SmH$ _VnÌ Am`mo{OV Zht {H$`m J`m Wm&No postal ballot was conducted for passing the above mentioned special resolutions.
100
3. {ZXoeH$ _§Sb
3.1 {ZXoeH _§Sb H$m JRZ g_`-g_` na `Wm g§emo{YV amîQr`H¥ V ~¢H (à~§YZ Am¡a {d{dY àmdYmZ) `moOZm, 1980 Ho gmW n{RV ~¢qH$J H§$nZr (CnHŒ _mo§ H$m AO©Z Am¡a A§VaU) A{Y{Z`_, 1980 Ho AZwgma {H$`m J`m h¡ Am¡a Bg_o§ {ddY ì`mdgm{`H AZw^d dmbo ì`{º`mo§ H$m à{V{Z{YËd h¡& df© 2017-18 H$s g_mpßV na {anmoQ© Ho AZwgma {ZXoeH _§Sb _o§ 8 {ZXoeH h¢ {OZ_o§ 6 J¡a-H$m`©nmbH {ZXoeH h¢ VWm CZ_o§ go EH _{hbm {ZXoeH g{hV 4 H$mo ñdV§Ì {ZXoeH _mZm J`m h¡& g_mO Ho {d{^Þ joÌmo§ go AmZodmbo `o {ZXoeH , _§Sb H$mo {deofkVm Am¡a {dnwb AZw^d-`wº kmZ àXmZ H aVo h¢& {anmoQm©YrZ {dÎm df© Ho Xm¡amZ {ZXoeH _§Sb H$s 13 ~¡RHo§ Am`mo{OV H$s JB©§&
3.2 ~¢H n{aMmbZ Ho Hw N _hËdnyU© H$m`©-joÌmo§ _o§ {deof VWm g§Ho§ {ÐV Ü`mZ XoZo Ho {bE Am¡a C{MV {Xem àXmZ H aZo, à^mdr {ZJamZr H aZo VWm ~¢H Ho H$m`moª _o§ {Z`§ÌU aIZo Am¡a ZE joÌmo§ na Ü`mZ XoH$a VWm ~¢H Ho g_JŒ {dH$mg H$s Amdí`H$Vm hoVw {ZXoeH _§Sb Zo {d{^Þ g{_{V`mo§ H$m JRZ {H$`m h¡& {d{^Þ g{_{V`mo§ Ho ã`moao Am¡a df© 2017-18 Ho Xm¡amZ àË`oH g{_{V Ûmam Am`mo{OV ~¡RH$mo§ H$s Hw b g§»`m {ZåZmZwgma h¡…
3.3 ~moS© H$s g{_{V`mo§ Ho {ddaU AmJo Ho n¥îRmo§ _o§ {XE JE h¢& {ZXoeH _§Sb Am¡a CgH$s g{_{V`mo§ Zo {Z`{_V A§Vambmo§ _o§ ~¡RHo§ H$s VWm Z¡{VH àWmAmo§ Am¡a ì`mdgm{`H à~§YZ Ûmam {ZînmXZ Ho CÀM _mZ gw{Z{üV H$aZo hoVw {ddoH$nyU© Am¡a Xj VarHo go AnZo bú`mo§ H$mo àmßV H$aZo hoVw ~¢H H$m _mJ©Xe©Z {H$`m&
3.4 Zr{V {Zê$nU, {ZînmXZ g_rjm Ed§ {díbofU VWm {Z`§ÌU O¡gr {Oå_oXm{a`m± {ZXoeH _§Sb Ûmam {Z^mB© OmVr h¢& {ZXoeH _§Sb Zo ~¢H Ûmam {ZYm©{aV Zr{V`mo§ Ho AZwê$n ~¢H Ho H$m`©nmbH$mo§ Am¡a H$m`©nmbH$mo§ H$s g{_{V`mo§ H$mo {d{^Þ A{YH$ma àË`m`mo{OV {H$E h¢& ^maV gaH$ma, {dÎm _§Ìmb` Am¡a
7.4 CEO & CFO Certifi cate
The compliance certifi cate of CEO & CFO under Regulation 17(8) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 has been submitted to the Board of Directors of the Bank and a copy is attached to the Corporate Governance Report.
8. Material Disclosures
8.1 Material, fi nancial and commercial transactions of the management (defi ned as ‘Board of Directors’), where they have personal interest, that may have a potential confl ict with the interest of the bank at large have been reported to the Board from time to time.
8.2 The Bank has complied with all the requirements regarding capital market related matters and as such not been penalised or imposed with strictures by the stock exchanges or SEBI or any other statutory authority during the last three years. No personnel has been denied access to Audit Committee of the Board. The Bank conducted the Annual General Meeting within the statutory time frame in 2018-19.
The bank has followed the Secretarial Standards issued by the Institute of Company Secretaries of India, to the extent applicable to a Public Sector Bank.
9. Mandatory and non-mandatory requirements
9.1 Bank has complied with all the applicable mandatory requirements as provided in Regulations 17 to 27 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.
9.2 The extent of implementation of non-mandatory requirements is furnished hereunder:
Anojm Requirement AZwnmbZ Compliance
9.2.1 {ZXoeH$ ‘§S>b - J¡a-H$m`©nmbH$ AÜ`j H§$nZr Ho$ IM© na AÜ`j Ho$ H$m`m©b` Ho$ {bE nmÌ hm| VWm AnZo H$V©ì` Ho$ {ZînmXZ _o§ dhZ {H$E JE IMmoª H$s à{Vny{V© Ho {bE ^r CÝh| AZw_{V Xr OmE&The Board – A non-executive Chairman may be entitled to maintain a Chairman’s offi ce at the Bank’s expense and also allowed reimbursement of expenses incurred in performance of his duties.
~¢H$ H$mo bmJy Zht h¡&Not applicable to the Bank.
9.2.2 eo¶aYmaH$ A{YH$ma - {nNbo N… _mh H$s _hËdnyU© KQZmAmo§ Ho gmam§e g{hV {dÎmr` {ZînmXZ H$s AY© dm{f©H$ KmofUm àË`oH$ eo`aYmaH$ H$mo ^oOr OmE&Shareholder Rights – A half-yearly declaration of fi nancial performance including summary of the signifi cant events in last six-months, may be sent to each household of shareholders.
Bgo ~¢H$ H$s do~gmBQ www.corpbank.com Am¡a ñQm°H$ EŠgMo§O do~gmB©Q www.bseindia.com, www.nseindia.com _o§ AnbmoS {H$`m J`m h¡ VWm df© _o§ EH$ ~ma nyam VwbZ nÌ g{hV g_mMma nÌmo§ _o§ ^r àH$m{eV {H$`m J`m h¡& It has been uploaded in the website of the Bank www.corpbank.com as well as website of Stock Exchanges –www.bseindia.com, www.nseindia.com and also published in the newspapers including full Balance Sheet annually once.
7.4 grB©Amo VWm grE\ Amo à_mU nÌ
go~r (gyMrH$aU ~mÜ`VmE± VWm àH$QZ AnojmE±) {d{Z`_, 2015 Ho {d{Z`_ 17 (8) VhV grB©Amo VWm grE\ Amo H$m AZwnmbZ à_mU nÌ ~¢H$ Ho {ZXoeH$ _§Sb H$mo àñVwV {H$`m J`m h¡ VWm EH$ à{V H$mnmo©aoQ A{^emgZ {anmoQ© Ho gmW g§b¾ H$s JB© h¡&
8. _hËdnyU© àH$QZ
8.1 à~§YZ (‘{ZXoeH$ _§Sb’ Ho ê$n _o§ n{a^m{fV) Ho _hËdnyU©, {dÎmr` Ed§ dm{UpÁ`H$ boZXoZmo§ Am{X Ho gmW Eogm H$moB© _hËdnyU© boZXoZ {OZ_o§ CZH$m ì`{ºJV {hV hmo, {OgHo ~¢H$ Ho {hVmo§ go {damoY H$s g§^mdZm hmo Vmo CgH$s {ZXoeH$ _§Sb H$mo g_`-g_` na gyMZm Xr J`r h¡&
8.2 ~¢H$ Zo ny±Or ~mOma go g§~Õ _m_bmo§ H$s g^r AnojmAmo§ H$m AZwnmbZ {H$`m h¡ Am¡a JV VrZ dfmoª Ho Xm¡amZ ñQm°H$ EŠgMo§Omo§ `m go~r `m {H$gr AÝ` gm§{d{YH$ àm{YH$mar Ûmam ~¢H$ H$s Z Vmo qZXm H$s JB© Z ~¢H$ na H$moB© Ow_m©Zm bJm`m J`m& {H$gr ^r H$m{_©H$ H$mo ~moS© H$s boIm narjm g{_{V VH$ nhw±MZo go _Zm Zht {H$`m J`m h¡& ~¢H$ Zo 2018-2019 _o§ gm§{d{YH$ g_`md{Y Ho ^rVa dm{f©H$ _hmg^m Am`mo{OV H$s h¡ &
~¢H$ Zo gmd©O{ZH$ joÌ Ho ~¢H$ Ho {bE bmJy gr_m VH$ ^maVr` H§$nZr g{Md g§ñWmZ Ûmam Omar g{Mdr` _mZH$mo§ H$m AZwgaU {H$`m h¡&
9. A{Zdm`© Ed§ J¡a-A{Zdm`© AnojmE±
9.1 ~¢H$ Zo go~r (gyMr~Õ Xo`VmE§ Am¡a Amdí`H$ àH$QZ) {d{Z`_, 2015 Ho {d{Z`_ 17 go 27 _o§ àXÎm AnojmAmo§ H$m AZwnmbZ {H$`m h¡ &
9.2 J¡a-A{Zdm`© AnojmAmo§ Ho$ H$m`m©Ýd`Z H$s gr_m H$m {ddaU {ZåZdV² h¡…
101ANNUAL REPORT 2018-19
Anojm Requirement AZwnmbZ Compliance
9.2.3 boIm-narjm {anmoQ© _o§ g§emo{YV A{^_V-~¢H J¡a-g§emo{YV boIm narjm {dH ën Ho gmW {dÎmr` {ddaUmo§ H$s àUmbr AnZm gH Vm h¡& Modifi ed opinion(s) in Audit Report – Bank may move towards a regime of fi nancial statements with unmodifi ed audit opinion.
à~§YZ BZ {Xem{ZXo©emo§ H m nmbZ H aZo hoVw à`mgaV h¡& 2018-19 hoVw {dÎmr` {ddaUmo§ na boIm narjm {anmoQ© _o§ J¡a-g§emo{YV boIm narjm {dH ën h¡& The Management endeavours to confi rm to the guidelines. The Audit Report on Financial Statements for 2018-19 has unmodifi ed audit opinion.
9.2.4 Am§V[aH$ boIm-narjH$ H$s [anmo{Q>ªJ - Am§V[aH$ boIm-narjH$ {ZXoeH$-‘§S>b H$s boIm-narjm g{‘{V (Egr~r) H$mo grYo [anmoQ>© H$a gH$Vo h¢& Reporting of Internal Auditor – The Internal Auditor may report directly to the Audit Committee of the Board (ACB)
{ZarjU Ed§ boIm-narjm Ho g^r _hËdnyU© {ZîH fmoª H$mo gyMZm Ed§ Cn`wº {ZXoemo§ hoVw ~moS© H$s boIm-narjm g{_{V Ho g_j aIm OmVm h¡& Egr~r Ho {ZXoemo§ H$m Vwa§V AZwnmbZ {H$`m OmVm h¡ Am¡a Egr~r H$mo Bg Ho$ Vm{H©$H$ g_mYmZ VH$ à{VgyMZm {anmoQ© àñVwV H$s OmVr h¡&All important inspection and audit fi ndings are placed before the Audit Committee of the Board for information and suitable directions. The directions of ACB are promptly complied with and feedback reports are submitted to ACB till its logical ends.
10. Code of Conduct
The Board framed Code of Conduct on 17.12.2005. It is hereby affi rmed that Board members and General Managers of the Bank have complied with this requirement on Annual basis. A declaration to this effect is attached at the end of this report
11. Means of Communication
11.1 Quarterly fi nancial results are submitted within the time frame, to the Stock Exchanges where the shares of the Bank are listed. Further, the quarterly fi nancial results are also published in at least one national newspaper and one regional language newspaper based at Mangaluru.
During the year 2018-19, the quarterly fi nancial results were published in the newspapers as under:
{V_mhr g_mßV/~moS© H$s ~¡RH$ H$s VmarIQuarter ended/Date of
Board Meeting
A§J«oOr/joÌr` X¡{ZH$ H$m Zm_Name of the English/
Regional daily
àH$meZ H$s VmarIDate of Publication
_mM© March 2018/26.05.2018
{~OZog bmB©Z, hmogm {XJ§Vm Am¡a OZgÎmmBusiness Line, Hosa Digantha and Jansatt 28.05.2018 Ed§ and 27.05.2018
OyZ June 2018/11.08.2018
hmogm {XJÝVm, {~{µOZog ñQmÊSS© (A§JŒoµOr) Ed§ {~{µOZog ñQoÝSS© ({hÝXr)Hosa Digantha, Business Standard (English) and Business Standard (Hindi)
12.08.2018 Ed§ and 13.08.2018
{gV§~a September 2018/ 13.11.2018
hmogm {XJÝVm, {~{µOZog ñQoÝSS© (A§JŒoµOr) Ed§ {~{µOZog ñQoÝSS© ({hÝXr)Hosa Digantha, Business Standard (English) and Business Standard (Hindi)
14.11.2018
{Xg§~a December 2018/11.02.2019
CCX`dmUr, {~{µOZog ñQoÝSS©© (A§JŒoµOr) Ed§ {~{µOZog ñQoÝSS© ({hÝXr)Udayavani, Business Standard (English) and Business Standard (Hindi)
12.02.2019
10. AmMma g§{hVm
{ZXoeH$ _§Sb Ûmam 17.12.2005 H$mo AmMma g§{hVm V¡`ma H$s JB©& `h nwpîQ H$s OmVr h¡ {H$ dm{f©H$ AmYma na {ZXoeH$ _§Sb Ho gXñ`mo§ VWm ~¢H$ Ho _hm à~§YH$mo§ Ûmam BZH$m AZwnmbZ {H$`m J`m& Bg {anmoQ© Ho A§V _o§ Bg Ame` H$s KmofUm g§b¾ h¡&11. g§gyMZm Ho _mÜ`_
11.1 Ì¡_m{gH$ {dÎmr` n{aUm_ {ZYm©{aV g_` Ho ^rVa Eogo ñQm°H$ EŠgMo§Omo§ H$mo àñVwV {H$E JE Ohm± ~¢H$ Ho eo`a gyMr~Õ h¢& BgHo A{V{aº, Ì¡_m{gH$ {dÎmr` n{aUm_ H$_ go H$_ EH$ amîQ—r` g_mMma-nÌ Am¡a _§Jbyé Ho EH$ joÌr` ^mfm Ho g_mMma-nÌ _o§ ^r àH$m{eV {H$E JE h¢&df© 2018-19 Ho Xm¡amZ Ì¡_m{gH$ {dÎmr` n{aUm_ g_mMma nÌmo§ _o§ {ZåZmZwgma àH$m{eV {H$E JE:
102
11.2 The fi nancial results, press releases issued by the Bank, presentation made to analysts, general shareholder information, market price data and shareholding pattern etc. are also put on the website of the Bank (www.corpbank.com).
11.3 A brief resume of the Directors nominated/appointed during the year 2018-19 and the existing Directors is appended in this report under para No. 3.9.
12. General Shareholder Information
12.1 Particulars of Annual General Meeting:
^maVr` {aµOd© ~¢H Ûmam g_`-g_` na Omar {Xem{ZXo©emo§ Ho AZwgma {ZXoeH _§Sb Ûmam Eogo àË`m`mo{OV A{YH$mamo§ H$s Amd{YH ê$n go g_rjm H$s OmVr h¡ Am¡a ~¢H Ho H$maJa H$m`©-g§MmbZ hoVw CZ_o§ Amdí`H g§emoYZ {H$`m OmVm h¡&
3.5 ~¢H H$s Zr{V`mo§ H$s g_rjm dm{f©H AmYma na H$s OmVr h¡ Am¡a ~XbVo n{aX¥í` Am¡a ~mOma _m§Jmo§ Ho AZwê$n CZ_o§ Amdí`H AmemoYZ {H$E OmVo h¢&
à.{Z. Ed§ _w.H$m.A. - ^maV gaH$ma Ûmam {Z`wº à~§Y {ZXoeH$ Ed§ _w»` H$m`©nmbH$ A{YH$mar
{XZ Am¡a {XZm§H$ Day & Date e{Zdma,29 OyZ 2019 Saturday, 29th June 2019
g_` Time nydm©• 10.30/10.30 a.m.
ñWmZ Venue ghòmpãX ^dZ, H$mnmo©aoeZ ~¢H$, àYmZ H$m`m©b` Ed§ H$mnmo©aoQ H$m`m©b`, _§Jbyé - 575 001Millennium Building, Corporation Bank, Head Offi ce & Corporate Offi ce, Mangaluru – 575 001
{dÎmr` df© Financial Year Aà¡b 2018 go _mM© 2019/April 2018 to March 2019
dm{f©H$ _hmg^m H$aZo hoVw boIm-~hr ~§Xr Ho$ {XZm§H$Dates of Book Closure for the AGM
21.06.2019 go 29.06.2019 (XmoZmo§ {XZ g{hV)21.06.2019 to 29.06.2019 (both days inclusive)
12.2 gyMr~Õ ñQm°H$ EŠgMo§O Am¡a ñQm°H$ Hy$Q 12.2 Stock Exchanges listed & stock code
H«$.g§. Sl. No.
ñQm°H$ EŠgMo§O Stock ExchangeñQm°H$ Hy$Q
Stock Code
WmoH$ H$O© gyMrH$aU Hy$QWholesale Debt Listing Code
1. ~r Eg B© {b., àW_ Vb, Ý`y Q—oqSJ qaJ, amoVwÝSm {~pëS§J, nr.Oo. Qmdg©, Xbmb ñQ—rQ, ’$moQ©, _w§~B© - 400 001BSE Ltd., 1st Floor, New Trading Ring, Rotunda Building, P. J. Towers, Dalal Street, Fort, MUMBAI – 400 001
532179 eyÝ` (gyMr~Õ Zht)NIL (not Listed )
2. ZoeZb ñQm°H$ EŠgMo§O Am°’$ B§{S`m {b{_QoS (EZEgB©), EŠgMo§O ßbmOm, 5 dm± Vb, ßbm°Q g§. gr/1, Or ãbm°H$, ~m±Ðm Hw$bm© H$måßboŠg, ~m±Ðm (ny), _w§~B© - 400 051National Stock Exchange of India Ltd. (NSE), Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), MUMBAI – 400 051
CORPBANK à{V^y{V àH$ma : BBSecurity Type: BB à{V^y{V : CORBSecurity : CORB
The Listing Fee for the next fi nancial year 2019-20, for Equity Listing, has already been remitted to the above Stock Exchanges and also the Debt Listing Fee remitted to National Stock Exchange of India Ltd., on 26.04.2019.
12.3 The fi nancial calendar of the Bank is from 1st April to 31st March, comprising 12 months period.
H$m.{Z. - ^maV gaH$ma Ûmam {Z`wº H$m`©nmbH$ {ZXoeH$
J¡.H$m.{Z. - ^maV gaH$ma/^maVr` [aµOd© ~¢H$ Ûmam Zm{_V J¡a-H$m`©nmbH$ {ZXoeH$
eo.{Z. - eo`aYmaH$mo§ Ûmam {Zdm©{MV {ZXoeH$ - ñdV§Ì {ZXoeH$
g.bo.{Z. - gZXr boImH$ma {ZXoeH$ - ñdV§Ì {ZXoeH$
11.2 {dÎmr` n{aUm_, ~¢H$ Ûmam Omar àog {dkpßV`m±, {díbofH$mo§ H$mo {H$`m J`m àñVwVrH$aU, gm_mÝ` eo`aYmaH$ gyMZm, ~mOma _yë` SmQm, eo`a Ym{aVm n¡QZ© Am{X ~¢H$ H$s do~gmB©Q (www.corpbank.com) _o§ ^r {X`o OmVo h¢&
11.3 df© 2018-19 Ho Xm¡amZ Zm{_Vr/{Z`wº {ZXoeH$ VWm dV©_mZ {ZXoeH$mo§ H$m EH$ g§{jßV n{aM` Bg {anmoQ© Ho gmW n¡am g§. 3.9 _o§ g§b¾ h¡&
12. gm_mÝ` eo`aYmaH$ gyMZm12.1 dm{f©H$ _hmg^m Ho {ddaU…
AmJm_r {dÎmr` df© 2019-20 hoVw gyMrH$aU ewëH$ Cnamoº ñQm°H$ EŠgMo§Omo§ H$mo VWm Z¡eZb ñQm°H$ EŠgMo§O Am°\ B§{S`m {b{_QoS H$mo G$U gyMrH$aU ewëH$ ^r 26.04.2019 H$mo {dào{fV H$a {X`m J`m h¡&
12.3 ~¢H$ H$m {dÎmr` H¡ bo§Sa 1 Aà¡b go 31 _mM© VH$ 12 _mh H$s Ad{Y H$m h¡&
103ANNUAL REPORT 2018-19
12.3.1 {dÎmr` {ZînmXZ {ZåZmZwgma h¡… 12.3.1 Financial performance is as under:
(` bmIm|> _|/ ` in lakhs)
H«$. g§.Sl. No.
{ddaUParticulars
g‘má {V‘mhr Quarter ended g‘má df© Year ended g‘má df© Year ended
31.03.2019 (boIm-nar{jV)
31.03.2019 (Audited)
31.12.2018 (g_r{jV)31.12.2018 (Reviewed)
31.03.2018 (boIm-nar{jV)
31.03.2018 (Audited)
31.03.2019 (boIm-nar{jV)
31.03.2019 (Audited)
31.03.2018(boIm-nar{jV)
31.03.2018 (Audited)
31.03.2019 (boIm-nar{jV)g_o{H$V
31.03.2019 (Audited)
Consolidated
31.03.2018 (boIm-nar{jV)g_o{H$V
31.03.2018 (Audited)
Consolidated1. A{O©V ã`mO (H$)+(I)+(J)+(K)
Interest earned (a)+(b)+(c)+(d)364337.13 381810.09 419309.94 1562263.03 1762833.27 1562265.40 1762836.00
(H$) A{J«‘m|o§/{~bmo§ na ã`mO/~Åm(a) Interest / Discount on Advances /
Bills
253823.59 269688.19 274959.19 1099259.45 1147120.84 1099261.82 1147123.57
(I) {Zdoemo§ na Am`(b) Income on Investments
99764.51 102583.69 127059.45 412020.01 516438.96 412020.01 516438.96
(J) ^maVr` [aµOd© ~¢H$ Ho$ nmg eof VWm AÝ` A§Va-~¢H$ {Z{Y`mo§ na ã`mO
(c ) Interest on balances with Reserve Bank of India and other inter-bank funds
885.93 626.47 695.41 2285.31 8170.14 2285.31 8170.14
(K) AÝ`(d) Others
9863.10 8911.74 16595.89 48698.26 91103.33 48698.26 91103.33
2. AÝ` Am` Other Income 54428.45 29422.18 44935.49 187206.87 231308.08 188143.59 231904.27
3. Hw$b Am` (1+2)TOTAL INCOME (1+2)
418765.58 411232.27 464245.43 1749469.90 1994141.35 1750408.99 1994740.27
4. ì`` {H$`m J`m ã`mOInterest Expended
245974.91 251508.30 289237.02 1011416.60 1279010.86 1011391.23 1278941.83
5. n[aMmbZ ì`` (i) + (ii)Operating Expenses (i) + (ii)
103413.81 82614.09 76064.27 348606.81 320088.86 348702.71 320195.68
(i) H$_©Mmar bmJV(i) Employees cost
48572.30 43115.92 39491.53 174694.71 159282.24 174747.00 159343.39
(ii) AÝ` n[aMmbZ ì``(ii) Other Operating Expenses
54841.51 39498.17 36572.74 173912.10 160806.62 173955.71 160852.29
(ã`mO ì`` H$mo Nmo‹SH$a Hw$b ì`` Ho$ 10% go A{YH$ g^r _Xmo§ H$mo AbJ go Xem©`m OmE)(All items exceeding 10% of the total expenditure excluding interest expenditure may be shown separately)
- - - - - - -
6. Hw$b ì`` (4+5) (àmdYmZmo§ Am¡a AmH$pñ_H$VmAmo§ H$mo Nmo‹SH$a)TOTAL EXPENDITURE (4+5)(Excluding Provisions and contingencies)
349388.72 334122.39 365301.29 1360023.41 1599099.72 1360093.94 1599137.51
104
H«$. g§.Sl. No.
{ddaUParticulars
g‘má {V‘mhr Quarter ended g‘má df© Year ended g‘má df© Year ended
31.03.2019 (boIm-nar{jV)
31.03.2019 (Audited)
31.12.2018 (g_r{jV)31.12.2018 (Reviewed)
31.03.2018 (boIm-nar{jV)
31.03.2018 (Audited)
31.03.2019 (boIm-nar{jV)
31.03.2019 (Audited)
31.03.2018(boIm-nar{jV)
31.03.2018 (Audited)
31.03.2019 (boIm-nar{jV)g_o{H$V
31.03.2019 (Audited)
Consolidated
31.03.2018 (boIm-nar{jV)g_o{H$V
31.03.2018 (Audited)
Consolidated7. àmdYmZmo§ Am¡a AmH$pñ_H$VmAmo§ go
nyd© n[aMmbZ bm^ (3-6)Operating Profi t before Provisions and Contingencies (3-6)
69376.86 77109.88 98944.14 389446.49 395041.63 390315.05 395602.76
8. àmdYmZ (H$a Ho$ Abmdm) Am¡a AmH$pñ_H$VmE§Provisions (other than tax) and Contingencies
876777.29 75511.82 402220.95 1194315.02 1063127.45 1194315.02 1063127.45
BZ_| go J¡a-{ZînmXH$ AmpñV`m| hoVw àmdYmZof which provisions for non-performing assets
850587.16 84227.73 444129.15 1158513.72 1098213.51 1158513.72 1098213.51
9. AgmYmaU _Xo§Exceptional items
0 0 0 0 0 0 0
10. H$a go nyd© gm_mÝ` {H«$`mH$bmnm| go bm^ (+)/hm{Z(-) (7-8-9)Profi t (+)/Loss (-) from ordinary activities before tax (7-8-9)
-807400.43 1598.06 -303276.81 -804868.53 -668085.82 -803999.97 -667524.69
11. H$a ì`` Tax Expense -149251.24 -4455.01 -119437.17 -171570.23 -262691.50 -171470.08 -262531.50
12. H$a Ho$ ~mX gm_mÝ` {H«$`mH$bmnm| go {Zdb bm^ (+)/hm{Z(-) (10-11) Net Profi t (+)/Loss (-) from ordinary activities after tax (10–11)
-658149.19 6053.07 -183839.64 -633298.30 -405394.32 -632529.89 -404993.19
13. AgmYmaU _Xo§ (H$a ì``mo§ H$m {Zdb)Extraordinary items (net of tax expense)
0 0 0 0 0 0 0
14. Ad{Y hoVw {Zdb bm^ (+)/hm{Z (-) (12-13)Net Profi t (+)/Loss (-) for the period (12–13)
-658149.19 6053.07 -183839.64 -633298.30 -405394.32 -632529.89 -404993.19
15. àXÎm B©pŠdQr eo`a ny±Or(eo`a H$m A§{H$V _yë` `2 h¡)Paid-up equity share capital (Face value of the Share is `2)
119883.68 50691.92 33310.97 119883.68 33310.97 119883.68 33310.97
16. nwZ_y©ë`Z Ama{jV {Z{Y`mo§ H$mo Nmo‹SH$a Ama{jV {Z{Y`m± ({nNbo boIm-df© Ho VwbZ-nÌ Ho AZwgma)Reserves excluding revaluation reserves (as per balance sheet of previous accounting year)
1446384.50 986592.68 986592.68 1446384.50 986592.68 1451349.56 990789.36
(` bmIm|> _|/ ` in lakhs)
105ANNUAL REPORT 2018-19
H«$. g§.Sl. No.
{ddaUParticulars
g‘má {V‘mhr Quarter ended g‘má df© Year ended g‘má df© Year ended
31.03.2019 (boIm-nar{jV)
31.03.2019 (Audited)
31.12.2018 (g_r{jV)31.12.2018 (Reviewed)
31.03.2018 (boIm-nar{jV)
31.03.2018 (Audited)
31.03.2019 (boIm-nar{jV)
31.03.2019 (Audited)
31.03.2018(boIm-nar{jV)
31.03.2018 (Audited)
31.03.2019 (boIm-nar{jV)g_o{H$V
31.03.2019 (Audited)
Consolidated
31.03.2018 (boIm-nar{jV)g_o{H$V
31.03.2018 (Audited)
Consolidated
17. {díbofUmË_H$ AZwnmVAnalytical Ratios
(i) ^maV gaH$ma Ûmam Ym[aV eo`amo§ H$m à{VeV
(i) Percentage of Shares held by Government of India
93.50% 86.77% 79.87% 93.50% 79.87% 93.50% 79.87%
(ii) ny±Or n`m©ßVVm AZwnmV(ii) Capital Adequacy Ratio
~ogb II Basel II NA NA NA NA NA NA NA
{Q>`a I Tier I NA NA NA NA NA NA NA
{Q>`a II Tier II NA NA NA NA NA NA NA
~ogb III Basel III 12.30% 11.12% 9.23% 12.30% 9.23% NA NA {Q>`a I Tier I 10.52% 9.10% 7.27% 10.52% 7.27% NA NA {Q>`a II Tier II 1.78% 2.02% 1.96% 1.78% 1.96% NA NA (iii) à{V eo a AO©Z (B©nrEg) (`)
(iii) Earning Per Share (EPS) (in `)
H$) Bg Ad{Y hoVw, Mmby df© VWm {nN>bo df© Ho$ {bE AgmYmaU _Xmo§ (H$a ì``mo§ H$m {Zdb) go nhbo _yb^yV VWm VZyH¥$V B©nrEg (dm{f©H$sH¥$V Zht)
a) Basic and diluted EPS before Extraordinary items (net of tax expense) for the period, for the year to date and for the previous year ( not annualised)
-25.27 0.25 -11.04 -30.06 -35.30 -30.03 -35.26
I) Bg Ad{Y hoVw, Mmby df© VWm {nNbo df© Ho {bE AgmYmaU _Xmo§ Ho ~mX _yb^yV VWm VZyH¥ V B©nrEg (dm{f©H$sH¥ V Zht)
b) Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not annualised)
-25.27 0.25 -11.04 -30.06 -35.30 -30.03 -35.26
(iv) EZnrE AZwnmV(iv) NPA Ratios
(H$) gH$b EZnrE(a) Gross NPA
2072367.87 2192142.16 2221343.86 2072367.87 2221343.86 NA NA
(I) {Zdb EZnrE(b) Net NPA
692663.86 1352122.16 1407701.58 692663.86 1407701.58 NA NA
(` bmIm|> _|/ ` in lakhs)
106
H«$. g§.Sl. No.
{ddaUParticulars
g‘má {V‘mhr Quarter ended g‘má df© Year ended g‘má df© Year ended
31.03.2019 (boIm-nar{jV)
31.03.2019 (Audited)
31.12.2018 (g_r{jV)31.12.2018 (Reviewed)
31.03.2018 (boIm-nar{jV)
31.03.2018 (Audited)
31.03.2019 (boIm-nar{jV)
31.03.2019 (Audited)
31.03.2018(boIm-nar{jV)
31.03.2018 (Audited)
31.03.2019 (boIm-nar{jV)g_o{H$V
31.03.2019 (Audited)
Consolidated
31.03.2018 (boIm-nar{jV)g_o{H$V
31.03.2018 (Audited)
Consolidated (J) gH$b EZnrE H$m %
(c ) % of Gross NPA15.35 17.36 17.35 15.35 17.35 NA NA
(K) {Zdb EZnrE H$m %(d) % of Net NPA
5.71 11.47 11.74 5.71 11.74 NA NA
(v) AmpñV`mo§ na à{Vbm^ (dm{f©H$sH¥$V)(v) Return on Assets (annualised)
-13.02 0.12 -3.10 -3.14 -1.67 NA NA
18. gmd©O{ZH$ eo`aYm[aVmPublic Shareholding
eo`amo§ H$s g§»`m (bmI _|)Number of Shares (in lakhs)
3893.84 3353.44 3353.44 3893.84 3353.44 3893.84 3353.44
eo`aYm[aVm H$m à{VeVPercentage of Shareholding
6.50% 13.23% 20.13% 6.50% 20.13% 6.50% 20.13%
19. àdV©H$mo§ Am¡a àdV©H$ g_yh H$s eo`aYm[aVmPromoters and Promoter Group Shareholding
(H$) {JadrH¥$V/^maJ«ñV(a) Pledged/ Encumbered
eo`amo§ H$s g§»`m Number of Shares 0 0 0 0 0 0 0
eo`amo§ H$m à{VeV (àdV©H$ VWm àdV©H$ g_yh H$s Hw$b eo`aYm[aVm Ho$ % Ho ê$n _o§)Percentage of Shares ( as a % of the total shareholding of promoter and promoter group)
0 0 0 0 0 0 0
eo`amo§ H$m à{VeV (H§$nZr Ho$ Hw$b eo`a ny±Or Ho$ % Ho$ ê$n _o§) Percentage of Shares (as a % of the total share capital of the Company)
0 0 0 0 0 0 0
(I) ^ma-a{hV(b) Non-encumbered
eo`amo§ H$s g§»`m (bmIm| _|)Number of Shares (in lakhs)
59941.84 25345.96 16655.49 59941.84 16655.49 59941.84 16655.49
(` bmIm|> _|/ ` in lakhs)
107ANNUAL REPORT 2018-19
(` bmIm|> _|/ ` in lakhs)
H«$. g§.Sl. No.
{ddaUParticulars
g‘má {V‘mhr Quarter ended g‘má df© Year ended g‘má df© Year ended
31.03.2019 (boIm-nar{jV)
31.03.2019 (Audited)
31.12.2018 (g_r{jV)31.12.2018 (Reviewed)
31.03.2018 (boIm-nar{jV)
31.03.2018 (Audited)
31.03.2019 (boIm-nar{jV)
31.03.2019 (Audited)
31.03.2018(boIm-nar{jV)
31.03.2018 (Audited)
31.03.2019 (boIm-nar{jV)g_o{H$V
31.03.2019 (Audited)
Consolidated
31.03.2018 (boIm-nar{jV)g_o{H$V
31.03.2018 (Audited)
Consolidated
eo`amo§ H$m à{VeV (àdV©H$ VWm àdV©H$ g_yh H$s Hw$b eo`aYm[aVm Ho$ % Ho$ ê$n _o§)Percentage of Shares ( as a % of the total shareholding of promoter and promoter group)
100% 100% 100% 100% 100% 100% 100%
eo`amo§ H$m à{VeV (H§$nZr H$s eo`a ny±Or Ho$ % Ho$ ê$n _o§)Percentage of Shares (as a % of the total share capital of the Company)
93.50% 86.77% 79.87% 93.50% 79.87% 93.50% 79.87%
~¢H$ H$s nyU© ñdm{_Ëd dmbr AZwf§Jr AWm©V² H$mn© ~¢H$ {gŠ`w{aQrµO {b. g{hV g_o{H$V {dÎmr` {ddaU&
12.4 ñQm°H$ _mH}$Q SmQm - {dÎmr` df© 2018-19 Ho Xm¡amZ Z¡eZb ñQm°H$ EŠgMo§O (EZEgB©) Am¡a _w§~B© ñQm°H$ EŠgMo§O (~rEgB©) _o§ boZXoZ {H$E JE eo`amo§ H$s _mÌm Am¡a _m{gH$ A{YH$V_ Am¡a Ý`yZV_ Xa {ZåZmZwgma h¡…
_mh month
EZEgB© NSE ~rEgB© BSE
A{YH$V_ High (`)
Ý`yZV_Low (`)
‘mh Ho$ Xm¡amZ_mÌm (g§.)
Volume (Nos.)during the
month
A{YH$V_ High (`)
Ý`yZV_Low (`)
‘mh Ho$ Xm¡amZ_mÌm (g§.)
Volume (Nos.)during the
month
Aà¡b APRIL 32.15 29.60 4950775 32.10 29.65 5647980
_B© MAY 29.70 24.70 5073075 29.80 24.80 5608800
OyZ JUNE 32.95 25.35 7368119 33.00 25.50 14465670
OwbmB© JULY 28.50 23.75 9897364 28.60 23.90 1138715
AJñV AUGUST 28.80 26.95 6468748 28.75 26.90 752032
{gV§~a SEPTEMBER 28.35 24.85 5056253 28.30 24.50 713559
Aºy$~a OCTOBER 26.80 21.70 5403214 26.60 21.60 1106626
Zd§~a NOVEMBER 28.80 26.30 6851775 28.95 26.30 8513559
{Xg§~a DECEMBER 29.55 25.00 11426187 29.50 25.00 1039276
OZdar JANUARY 29.45 25.75 4950744 29.40 26.00 484509
’$adar FEBRUARY 30.85 24.30 22877313 30.90 24.30 2410609
_mM© MARCH 30.60 27.90 8260854 30.60 27.80 768622
Consolidated fi nancial statement is inclusive of the wholly owned subsidiary of the Bank, namely, CorpBank Securities Ltd.
12.4 Stock Market Data - The monthly high & low quotations and the volume of shares traded on National Stock Exchange (NSE) and the BSE Ltd., – Mumbai during the fi nancial year 2018-19 are as follows:
108
12.4.1 Performance of Bank’s share price in comparison with the movement of S&P CNX Nifty during the year 2018-19 is shown here below.
12.5 à{V eo`a Am§H$‹So 12.5 Per Share Data
2014-15 2015-16 2016-17 2017-18 2018-19
A§{H$V _yë` Face Value (`) 2** 2 2 2 2
31 _mM© H$s pñW{V Ho$ AZwgma ~mOma Xa (`)Market quotation as on 31st March (`)
52.60 38.95 52.65 30.65 28.75
àË`oH$ `10 H$m à{V eo`a AO©Z (`)Earning Per Share of `10 each (`)
6.97* -5.48 5.17 -35.30 -30.06
àË`oH$ `10 H$m à{V eo`a bm^m§e (`){d^pŠV na `2 H$m à{V eo`a bm^m§eDividend per share of `10 each (`)Dividend per share of `2 each on split
1.40* NIL NIL NIL NIL
~hr _yë` Book Value (`) 125.16* 110.94* 110.82* 65.12* 27.63*
bm^m§e AXm`Jr Dividend payout (%) 20.07 NIL NIL NIL NIL
** B©p¹Qr eo`a H$m A§{H$V _yë` 22.01.2015 go `10 go `2 VH$ {d^ŠV hwAm&
* `2 àË`oH$ B©p¹Qr eo`a naŸ&** The Face value of the equity share was split from `10/- to `2/- effective from 22.01.2015.* on Equity Share of `2/- each.
eo`a _yë` CVma-M ‹T>md (EZEgB©) Share Price Movement (NSE) ( `)
12.4.1 df© 2018-19 Ho$ Xm¡amZ Eg EÊS> nr grEZEŠg {ZâQ>r _o CVma-MS>md H$s VwbZm _o§ ~¢H$ H$s eo`a H$s_V H$m {ZînmXZ ZrMo Xem©`m `m J`m h¡:
109ANNUAL REPORT 2018-19
12.6 Share Transfer Agent
M/s Karvy Fintech Pvt. Ltd. (formerly known as Karvy Computershare Pvt. Ltd.), Hyderabad is the Registrar and Share Transfer Agent of the Bank, to whom communications regarding change of address, change in Bank Mandate, NACH Mandate (in case of shares in physical mode), transfer of shares, etc. could be addressed. The address of Share Transfer Agent is as under:
M/s Karvy Fintech Pvt. Ltd. Unit: Corporation Bank Karvy Selenium Tower B, Plot No. 31-32, Gachibowli,Financial District, Nanakramguda, Hyderabad - 500 032 (Tel: 040-67162222: Fax: 040-23001153) Toll Free No. 1-800-3454-001(E-mail: [email protected])
12.7 Share Transfer System
12.7.1 With effect from 27th March, 2004, a Share Transfer Committee of the Board of Directors was constituted with powers to deal with all matters pertaining to equity shares of the Bank. The Committee had been meeting at frequent intervals for effecting speedy transfer of shares, issuance of duplicate share certifi cates and re-materialisation and is responsible for submission of information in this regard to the Board. The Share Transfers were approved by the Committee 4 times in the Share Transfer Committee Meetings and on 15 occasions through circular resolutions, during the year 2018-19.
12.7.2 Number of share transfers effected during the year 2018-19 was 50000 and the pendency of share transfers as at 31st March, 2019 was NIL.
12.7.3 Permanent Account Number (PAN) : As per SEBI directive, submission of PAN by the Transferee/s, are followed for effecting following transactions of Physical shares:-Transfer of Shares, Deletion of name of the deceased shareholder/s, Transmission of shares to the legal heir/s and Transposition of shares- when there is a change in the order of names, etc.
12.7.4 Green Initiative in Corporate Governance
As part of the Green initiative in Corporate Governance, the Bank has been sending all communications and documents such as Notices of AGM and other General Meetings, explanatory statements thereto, Annual Reports, Balance Sheets, Directors’ Reports, Auditors Report and other shareholder communications including intimation regarding noting of Change of Address, intimation of payment of Dividend through NACH, intimation of Transfer of Shares etc., in electronic form to the e-mail address registered by the shareholders either with the Bank or with the Depositories as the case may be. Shareholders are hereby requested to register/update their
12.6 eo`a A§VaU EOo§Q
_ogg© H$mdr© {\ ZQoH$ àmBdoQ {b.(nhbo H§$ß`yQa eo`a àmBdoQ {b. Wm),
h¡Xam~mX ~¢H$ Ho a{OñQ—ma Am¡a eo`a A§VaU EOo§Q h¢, {OÝho§ nVo _o§ n{adV©Z,
~¢H$ A{YXoe _o§ n{adV©Z, EZEgrEM A{YXoe (H$mJµOr eo`amo§ Ho _m_bo _o§),
eo`amo§ Ho A§VaU BË`m{X Ho ~mao _o§ g§gyMZmE§ oOr Om gH$Vr h¢& eo`a A§VaU
EOo§Q H$m nVm {ZåZmZwgma h¡…
_ogg© H$mdr© {\ ZQoH$ àmBdoQ {b{_QoS
`y{ZQ… H$mnmo©aoeZ ~¢H$
H$mdr© gobo{Z`_ Qm°da ~r, ßbmQ g§.31-32, J{M~modbr,
\ m`Zm§{g`b {SñQ—rŠQ, ZmZH$am_JwSm, h¡Xam~mX - 500 032
(Xya^mf… 040-67162222: \¡ Šg… 040-23001153)
Qmob \Œ r Z§~a 1-800-3454-001
(B©-_ob… [email protected])
12.7 eo`a A§VaU àUmbr
12.7.1 ~¢H$ Ho B©p¹Qr eo`amo§ go g§~§{YV g^r _m_bmo§ Ho {ZnQmZ Ho A{YH$ma Ho gmW 27 _mM©, 2004 go {ZXoeH$ _§Sb H$s eo`a A§VaU g{_{V J{RV H$s JB©& eo`amo§ H$m Ëd{aV A§VaU H$aZo, eo`a à_mU nÌ H$s Xygar à{V Omar H$aZo VWm {a_o{Q{a`bmµOoeZ H$aZo hoVw Cº g{_{V ~ma§~ma A§Vambmo§ _o§ ~¡RHo§ H$aVr ahr h¡ Am¡a `h Bg g§~§Y _o§ ~moS© H$mo gyMZm àñVwV H$aZo hoVw CÎmaXm`r h¡ & df© 2018-19 Ho Xm¡amZ eo`a A§VaU g{_{V H$s ~¡RH$ _o§ g{_{V Ûmam 4 ~ma eo`a A§VaU H$m AZw_moXZ {H$`m J`m VWm n{anÌ g§H$ën Ho O{aE 15
Adgamo§ na {H$`m J`m&
12.7.2 df© 2018-19 Ho Xm¡amZ {H$E JE eo`a A§VaUmo§ H$s g§»`m 50000
h¡ Am¡a 31 _mM©, 2019 H$mo H$moB© eo`a A§VaU b§{~V Zht h¡&
12.7.3 ñWmB© ImVm g§»`m (n¡Z): go~r Ho {ZXoemo§ Ho AZwgma, H$mJOr eo`amo§ Ho {ZåZ{b{IV boZXoZ H$aZo Ho {bE A§V{aVr Ûmam n¡Z H$mS© H$s A{Yà_m{UV à{V àñVwV H$aZm h¡…- eo`amo§ H$m A§VaU, _¥V eo`aYmaH$(H$mo§) Ho Zm_ H$m {ZagZ, H$mZyZr dm{agmo§ H$mo eo`amo§ H$m CÎmam{YH$ma A§VaU Am¡a eo`amo§ H$m H«$_ n{adV©Z - O~ Zm_ Ho HŒ _ _o§ H$moB© n{adV©Z hmo, Am{X&
12.7.4 H$mnmo©aoQ A{^emgZ _o§ n`m©daU gOJVm nhb…
H$mnmo©aoQ A{^emgZ _o§ n`m©daU gOJVm nhb Ho VhV, ~¢H$ g^r gyMZmAmo§ Am¡a dm{f©H$ _hmg^m Ed§ AÝ` _hmg^m H$s gyMZm, CgHo ì`m»`mË_H$ {ddaU, dm{f©H$ {anmoQoª, VwbZ-nÌ, {ZXoeH$mo§ H$s {anmoQoª, boIm-narjH$mo§ H$s {anmoQ© Am¡a nVo _o§ n{adV©Z, EZgrEM Ho µO{aE bm^m§e Ho ^wJVmZ H$s gyMZm, eo`amo§ Ho A§VaU H$s gyMZm Am{X g{hV AÝ` eo`aYmaH$ g§gyMZmE§ eo`aYmaH$mo§ Ûmam `WmpñW{V ~¢H$ go `m {Snm°{µOQ{a`mo§ go n§OrH¥ V B©-_ob nVo na BboŠQ—m°{ZH$
110
email ids with their Depository Participants (DPs) or M/s Karvy Fintech Pvt. Ltd., the Registrar of the Bank, as the case may be, at the earliest, to enable the Bank to be a part of this green initiative.
Shareholders who have not provided/updated their email addresses and/or expressed their desire/request to receive the above shareholder communications in printed copies (hard copies) instead of in electronic mode, shall be sent the communications/notices and other documents, as mentioned above, in hard copies only. It is also ensured to send hard copies of the Annual Reports to such of the shareholders in whose case the soft copies of the Annual Reports sent by email have bounced back.
Shareholders are also requested to communicate/update their contact details like phone/mobile numbers to/with their depository participant/registrar of the Bank, to enable the Bank to contact them in case of need.
12.8 Distribution of Shareholding
12.8.1 Distribution of shareholding as on 31.03.2019 vis-à-vis position as at 31.03.2018 :
Ym[aV B©pŠdQr eo`aHolding Equity Shares
`Wm 31.03.2019 H$s pñW{V Ho$ AZwgma (A§._y. `2/-) As on 31.03.2019 (FV `2/-)
`Wm 31.03.2018 H$s pñW{V Ho AZwgma (A§._y. `2/-)As on 31.03.2018 (FV `2/-)
eo`aYmaH$mo§ H$s g§.No. of
Shareholders
Hw$b H$m %
% to total
eo`amo§ H$s g§.No. of Shares
Hw$b H$m %
% to total
eo`aYmaH$mo§ H$s g§.No. of Share
holders
Hw$b H$m %
% to total
eo`amo§ H$s g§.No. of Shares
Hw$b H$m %
% to total
Upto 5000 VH$ 80778 89.68 35218860 0.59 74535 98.15 34918358 2.10
5001 go to 10000 VH$ 3697 4.10 15141227 0.25 716 0.94 5356238 0.32
10001 go to 20000 VH$ 4602 5.11 40527685 0.68 351 0.46 4934447 0.30
20001 go to 30000 VH$ 548 0.61 6139573 0.10 128 0.17 3185028 0.19
30001 go to 40000 VH$ 115 0.13 2048291 0.03 45 0.06 1549938 0.09
40001 go to 50000 VH$ 75 0.08 1703731 0.03 28 0.04 1272534 0.08
50001 go to 100000 VH$ 125 0.14 4308152 0.07 65 0.09 4478185 0.27
100001 d & A{YH$ above 131 0.15 5889096515 98.25 69 0.09 16098538 96.6
Hw$b TOTAL 90071 100.00 5994184034 100.00 75937 100.00 166554861 100.00
ê$n go ^oOVm ahm h¡& eo`aYmaH$mo§ go EVX² Ûmam AZwamoY {H$`m OmVm h¡
{H$ do AnZr B©-_ob AmB©Sr H$mo AnZo {Snm°{µOQar nm{Q©{gno§Q (Srnr) `m _ogg© H$mdr© {\ ZQoH$ àm.{b., Omo ~¢H$ H$m a{OñQ—ma h¡, go n§OrH¥ V/AÚVZ H$admE§ Vm{H$ ~¢H$ Bg h{aV nhb _o§ gh^mJr hmo gHo &
{OZ eo`aYmaH$mo§ Zo AnZo B©-_ob nVo Zht {XE/AÚVZ Zht {H$E h¢ Am¡a BboŠQ—m°{ZH$ _moS Ho ~Om` CgH$s _w{ÐV à{V`m± (hmS© H$m°nr) àmßV H$aZm MmhVo h¢/H$aZo H$m AZwamoY H$aVo h¢, CÝho§ g§gyMZmAmo§/gyMZmAmo§ Am¡a AÝ` XñVmdoµOmo§ H$s hmS© H$m°{n`m± hr ^oOr OmE§Jr& {OZ eo`aYmaH$mo§ H$mo B©-_ob go ^oOr dm{f©H$ {anmoQmoª H$s gm°âQ H$m°{n`m± dmng AmVr h¢, CÝho§ hmS© H$m°{n`m± ^oOZm ^r gw{Z{üV {H$`m OmVm h¡&
eo`aYmaH$mo§ go `h ^r AZwamoY h¡ {H$ do AnZm g§nH© {ddaU O¡go \$moZ/ _mo~mB©b g§»`m {Snm°{OQar nm{Q©{gno§Q/~¢H$ Ho a{OñQ—ma H$mo gy{MV H$ao§ Vm{H$ ~¢H$ OêaV Ho g_` CZgo g§nH© H$a gHo§ &
12.8 eo`a-Ym{aVm H$m g§{dVaU
12.8.1 31.03.2018 H$s pñW{V H$s VwbZm _o§ 31.03.2019 H$mo eo`a Ym{aVm H$m g§{dVaU…
111ANNUAL REPORT 2018-19
H«$. g§. Sl. No. eo`aYmaH$mo§ H$m àdJ© Category of Shareholders
Ym[aV eo`amo§ H$s g§. No. of shares held Hw$b Ym[aVm H$m %
% to total holding
H$mJµOr Physical
Sr_¡QDemat
Hw$bTotal
1. ^maV Ho amîQ—n{V President of India 0 5604799271 5604799271 93.50
2. ^maVr` OrdZ ~r_m {ZJ_ LIC of India^maVr` OrdZ ~r_m {ZJ_ _mH}$Q> ßbg-1LIC of India Market Plus –1^maVr` OrdZ ~r_m {ZJ_ - doëW ßbg/LIC of India – Wealth Plus
0 216948648 216948648 3.62
3. ^maVr` {dÎmr` g§ñWmE§ Indian Financial Institutions 0 9789381 9789381 0.16
4. å`yMwAb ’§$S> Am¡a `yQ>rAmB© Mutual Funds & UTI 500 24858941 24859441 0.41
5. {ZJ{_V {ZH$m` (AmB©gr~r) Bodies Corporate (ICBs) 61500 7015198 7076698 0.126. ~¢H$ Banks 1000 1239482 1240482 0.027. {dXoer g§ñWmJV {ZdoeH$ Foreign Institutional Investors 5500 18122237 18127737 0.308. Amogr~r OCBs 25500 0 25500 0.009. EZAmaAmB© NRIs 299500 2695180 2994680 0.05
10. EZ~rE\$gr NBFC 0 23445 23445 0.0011. {Zdmgr ì`{º Resident Individuals 2779766 105518985 108298751 1.81
`moJ TOTAL 3173266 5991010768 5994184034 100
H«$. g§. Sl. No. àdJ© Category
`Wm 31.03.2019(A§{H$V _yë` `2/-)
As on 31.03.2019 (Face Value `2/-)
`Wm 31.03.2018 (A§{H$V _yë` `2/-)
As on 31.03.2018 (Face Value `2/-)
eo`amo§ H$s g§. No. of Shares
Hw$b ny±Or H$m %% to total capital
eo`amo§ H$s g§. No. of Shares
Hw$b ny±Or H$m %% to total capital
1. {dXoer g§ñWmJV {ZdoeH$ Foreign Institutional Investors
18127737 0.30 18898140 1.13
2. Amogr~r OCBs 25500 0.00 25500 0.00
3. EZAmaAmB© NRIs 2994680 0.05 3464964 0.21
`moJ TOTAL 21147917 0.35 22388604 1.34
12.8.4 31.03.2019 H$s pñW{V Ho AZwgma ~¢H$ Ho nm±M erf© eo`aYmaH$ 12.8.4 Top fi ve shareholders of the Bank as on 31.03.2019
H«$. g§. Sl. No. eo`aYmaH$ Ho$ àdJ© Category of Shareholders Ym[aV eo`amo§ H$s g§.
No. of Shares heldHw$b Ym[aVm H$m %
% to total holding1. ^maV Ho amîQ—n{V President of India 5604799271 93.50
2. ^maVr` OrdZ ~r_m {ZJ_ (CgH$s gh¶moJr H§$n{Z¶m| g{hV)Life Insurance Corporation of India (including its Associates)
216948648 3.62
3. EMS>rE’$gr Q´>ñQ>r H§$nZr {b{‘Q>oS> - EMS>rE’$gr ~oboÝgS> ES²>dmÝQ>oO ’§$S>HDFC Trustee Company Limited A/c – HDFC Balanced Advantage Fund
24858733 0.41
4. OZab B§í¶moaoÝg H$mnm}aoeZ Am°’$ B§{S>¶mGeneral Insurance Corporation of India
5298050 0.09
5.doZJmS© Q>moQ>b B§Q>aZoeZb ñQ>m°H$ B§S>oŠg \§$S>Vanguard Total International Stock Index Fund 3429258 0.06
ñd{Z - ñdV§Ì {ZXoeH$ 12.8.2 Shareholding Pattern as on 31.03.201912.8.2 31.3.2019 H$s pñW{V Ho AZwgma eo`aYm{aVm n¡QZ©
12.8.3 31 _mM© 2019 H$mo Hw$b {dXoer eo`aYm[aV (EZAmaAmB©, Amogr~r Ed§ E\$AmB©AmB©) 0.35% Wr Omo ~¢H$ H$s Hw$b àXÎm ny±Or Ho$ 20% Ho$ {ZYm©[aV ñVa go ZrMo h¢ &$
12.8.3 The total foreign shareholding (NRIs, OCBs and FIIs) as at 31st March, 2019 was 0.35% which is within the stipulated level of 20% of the total paid up capital of the Bank.
112
12.8.5 Status of Shares lying in CorpBank Unclaimed Shares Suspense Account as on 31st March, 2019 :
df© YearàË`oH$ `2 Ho$ à{V eo`a bm^m§e H$s am{e
Amount of Dividend per Share of `2 each
[aH$mS©/~hr ~§Xr Ho {XZm§H$Record Date/ Book Closure Dates
for this purpose
bm^m§e AXm`Jr {XZm§H$Dividend payment date
2015-16 eyÝ` Nil – –
2016-17 eyÝ` Nil – –
2017-18 eyÝ` Nil – –
12.10.1 Unclaimed Dividends : Shareholders who have not received the dividend for the earlier years (before 2015-16) may please contact Investor Services Department of the Bank or M/s Karvy Fintech Pvt. Ltd., Hyderabad, for assistance.
12.10.2 During the year, balances in respect of the following two unclaimed dividend accounts which fell due for transfer to the Investor Education Protection Fund (IEPF) account of Government of India, has been transferred to the said account held with Punjab National Bank, New Delhi-Connaught Circus Branch on the dates mentioned against them, as per the provisions of Section 10B of the Banking Companies (Acquisitions and Transfer of Undertakings) Act, 1980, read with Section 125 of the Companies Act, 2013, and as per the relevant rules made applicable thereunder to the Bank.
Egmo{g`Q gXñ` (grAmB©AmB~r) h¢&
lr O` Hw _ma JJ© 1986 _o§ H$mnmo©aoeZ ~¢H _o§ MmQ©S© EH$mC§Qo§Q Ho Vm¡a na
~¢qH$J CÚmoJ go Ow‹So Am¡a CÝhmo§Zo Am¡Úmo{JH {dÎm emIm _w§~B©, {X„r, nwUo
g{hV {d{^Þ emImAmo§ _o§ H$m`© {H$`m & CÝhmo§Zo Hw N àemg{ZH H$m`m©b`mo§ O¡go
Ah_Xm~mX, ZB© {X„r, nwUo Am¡a H$mobH$mVm Am§M{bH H$m`m©b` Am¡a àYmZ
H$m`m©b` _o§ H$m`© {H$`m & _hm à~§YH Ho Vm¡a na CÝhmo§Zo ~¢H Ho H$mobH$mVm Am¡a
{X„r _§Sb Ho à_wI Ho Vm¡a na H$m`© {H$`m & dh EH AZw^dr ~¢H$a h¢ VWm
CÝho§ emImAmo§, Am§M{bH H$m`m©b`mo§, _§Sb H$m`m©b`mo§, àYmZ H$m`m©b` _o§
G$U à~§YZ, dgybr, \ maoŠg n{aMmbZ, IwXam ~¢qH$J Am¡a àemgZ g{hV
eo`aYmaH$mo§ H$s g§»`m No. of Shareholders eo`amo§ H$s g§»`m No. of Shares30 19000
12.8.6 Status of Shares lying in CorpBank ESPS 2018 Unclaimed Shares Suspense Account as on 31st March, 2019 :
12.9 Dematerialisation of shares and liquidity
12.9.1 As per Securities and Exchange Board of India (SEBI) circular SMDRP/POLICY/CIR-03/99 dated February 4, 1999, delivery of the Bank’s shares in dematerialised form has been made compulsory for all investors effective from May 31, 1999. The Bank’s shares are therefore, compulsorily traded in demat form. As an issuer, the Bank has entered into agreements with both the Depositories viz. National Securities Depositories Ltd. and Central Depository Services (India) Ltd., for dematerialisation of shares. The ISIN Code allotted to the Bank’s Equity Shares is INE112A01023.
12.9.2 As on 31st March 2019, 99.95% of equity shares held by the public (including Government of India i.e. Promoter) are in demat form.
12.10 The details of the dividend declared by the Bank during the past three years are as under:
Zht h¡ AWdm {OZ g^r H§ n{Z`mo§ _o§ do {ZXoeH h¢, nm±M go A{YH g{_
{V`mo§ Ho AÜ`j Ho ê$n _o§ H$m`© Zht H$aVo h¢& (Bg CÔoí` hoVw Ho db
Xmo g{_{V`mo§, AWm©V² boIm narjm g{_{V, eo`aYmaH g§~§Y g{_{V Am¡a
nm{al{_H g{_{V H$mo {b`m J`m h¡) & H$moB© ^r {ZXoeH ~¢H Ho {H$gr
Xygao {ZXoeH H$m {aíVoXma Zht h¡&
3.9 `Wm 31.03.2018 H$mo {ZXoeH$mo§ Ho g§{já àmo\ mBb ZrMo
àñVwV h¡ :
3.9.1 lr O` Hw _ma JJ©, à~§Y {ZXoeH Ed§ _w»` H$m`©nmbH A{YH$mar
lr O` Hw _ma JJ© Zo 1 \ adar 2016 H$mo H$mnmo©aoeZ ~¢H Ho à~§Y {ZXoeH
VWm _w»` H$m`©nmbH A{YH$mar Ho ê$n _o§ H$m`©^ma JŒhU {H$`m& à~§Y {ZXoeH
VWm _w»` H$m`©nmbH A{YH$m H$m nX^ma JŒhU H$aZo go nhbo do `yH$mo ~¢H
Ho H$m`©nmbH {ZXoeH Wo&
do EH ì`mdgm{`H MmQ©a EH$mCQ§Q Ed§ ^maVr` ~¢H a g§ñWmZ Ho à_m{UV
12.8.5 `Wm 31 _mM© 2019 H$mo H$mn© ~¢H$ AXmdmH¥$V eo`g© CM§V ImVo _o§ eo`amo§ H$s pñW{V :
12.8.5 Wm 31 _mM© 2019 H$mo H$mn© ~¢H$ B©EgnrEg 2018 AXmdmH¥$V eo`g© CM§V ImVo _o§ eo`amo§ H$s pñW{V :
eo`aYmaH$mo§ H$s g§»`m No. of Shareholders eo`amo§ H$s g§»`m No. of Shares
112 363347
12.9 eo`amo§ H$m Sr_¡{Q{a`bmBµOoeZ Ed§ Mb{Z{Y
12.9.1 maVr` à{V^y{V Ed§ {d{Z_` ~moS© (go~r) Ho n{anÌ EgE_SrAmanr/nm°{bgr/n{a-03/99 {XZm§{H$V 4 \$adar, 1999 Ho AZwgma 31 _B©, 1999 go g^r {ZdoeH$mo§ Ho {bE ~¢H$ Ho eo`amo§ H$s {S{bdar Sr_¡Q ê$n _o§ hmoZm A{Zdm`© H$a {X`m J`m h¡& AV… ~¢H$ Ho eo`a boZXoZ A{Zdm`©V… Sr_¡Q ê$n _o§ hr hmoVo h¢& OmarH$Vm© Ho ê$n _o§ ~¢H$ Ho eo`amo§ H$mo Sr_¡Q H$aZo hoVw XmoZmo§ {Snm°{µOQamo§ AWm©V² Z¡eZb {gŠ`w{aQrµO {Snm°{µOQarO {b. Am¡a go§Q—b {Snm°{µOQar g{d©gog (B§{S`m) {b. Ho gmW H$ama {H$E h¢& ~¢H$ Ho B©p¹Qr eo`amo§ H$mo Am~§{QV AmB©EgAmB©EZ Hy Q INE112A01023 h¡&
12.9.2 31 _mM©, 2019 H$s pñW{V Ho AZwgma OZVm (^maV gaH$ma, AWm©V² àdV©H$ g{hV) Ûmam Ym{aV B©p¹Qr eo`amo§ Ho 99.95% Sr_¡Q ê$n _o§ h¢& 12.10 {nNbo VrZ dfmoª Ho Xm¡amZ ~¢H$ Ûmam Kmo{fV bm^m§e Ho {ddaU {ZåZmZwgma h¡…
12.10.1 AXmdmH¥ V bm^m§e… {OZ eo`aYmaH$mo§ H$mo {nNbo dfmoª (2015-
16 go nhbo) H$m bm^m§e àmßV Zht hwAm h¡, do ghm`Vm hoVw ~¢H$ Ho {ZdoeH$ godm {d^mJ `m _ogg© H$mdr© {\ ZQoH$ àmBdoQ {b., h¡Xam~mX go g§nH© H$ao§&
12.10.2 df© Ho Xm¡amZ, {ZåZdV Xmo$ AXmdmH¥V A§{V_ bm^m§e ImVo g§~Yr ~H$m`o, Omo ^maV gaH$ma H$s {ZdoeH$ {ejm g§ajU {Z{Y
(AmB©B©nrE\ ) H$mo A§VaU hoVw Xo` Wm, H$mo H§$nZr A{Y{Z`_ 2013 H$s Ymam 125 Ho gmW `Wm n{RV ~¢qH$J H§$nZr (CnH«$_m| H$m AO©Z Am¡a A§VaU) A{Y{Z`_, 1980 H$s Ymam 10 ~r Ho àmdYmZmo § Ho AZwgma
Cp„{IV VmarI H$mo n§Om~ Z¡eZb ~¢H$, ZB© {X„r- H$Zm°Q gH©$g emIm _o§ aIo Cº ImVo _o§ A§V{aV {H$`m J`m h¡&
113ANNUAL REPORT 2018-19
HŒ .g§.Sl. No.
AXmdmH¥ V bm^m§e ImVo H$m {ddaU
Details of Unpaid Dividend Accounts
Mmby ImVm g§.CA A/c. No.
KmofUm H$s VmarI
Date of Declaration
A§VaU H$s VmarI na eof `Balance as on
date of transfer `
AmB©B©nrE\ H$mo A§VaU H$s Xo` A§{V_ VmarIDue date of transfer to
IEPF
AmB©B©nrE\$ ImVo H$mo A§VaU H$s
VmarIDate of transfer
to IEPF A/c
1. Ag§XÎm bm^m§e ImVm -2010-11Unpaid Dividend Account – 2010 – 11
510101000854998 09.07.2011 4072340.00 14.08.2018 14.08.2018
BZ bm^m§e dma§Qmo§ go g§~§{YV H$moB© ^r Xmdm eo`aYmaH$mo§ Ûmam ~¢H$ `m AmB©B©nrE\$ Ho$ gmW Zht {H$`m Om gHo Jm& No claim for payment of dividends in respect thereof, lies either with the Bank or the IEPF, by the shareholders.
12.10.3 Shareholders are periodically requested to submit their claim forms, well in advance of the unclaimed dividend accounts falling due for transfer to IEPF Account. The balance in respect of unclaimed dividend Account for FY 2011-12 i.e. CA/c 510101000855005 (Sl. No. 1) in the following table, fell due for transfer to IEPF Account on 05.08.2019. The same shall be transferred to IEPF Account accordingly. The balances in respect of the remaining unclaimed dividend accounts will be transferred to the Investor Education Protection Fund (IEPF) account, as per the due dates of transfer to IEPF, mentioned against them shall lie with the Bank by the shareholders. Shareholders are therefore requested to submit their claims for unpaid dividends, either to the Registrar and Share Transfer Agent of the Bank or to the Investor Services Department at Corporate Offi ce, at the earliest.
12.10.3 eo`aYmaH$mo § go Amd{YH$ ê$n go AZwamoY {H$`m OmVm h¡ {H$ do AmB©B©nrE\ ImVo _o§ A§VaU hoVw {Z`V hmoZo dmbo AXmdmH¥$V bm^m§e ImVmo§ Ho g§~§Y _o§ AnZm Xmdm \$m_© H$m\$s nhbo hr àñVwV H$ao§& {dÎm df© 2011-12 Ho g§~§Y _o§ AXmdmH¥ V bm^m§e ImVo _o§ AWm©V² {ZåZ{b{IV Vm{bH$m _o§ Mmby ImVm g§. 510101000855005 (H«$. g§. 1) go g§~§{YV eofam{e 05.08.2019 H$mo AmB©B©nrE\ ImVo _o§ A§VaU hoVw {Z`V hmo JB© h¡& Bgo VXZwgma AmB©B©nrE\ ImVo _o§ A§V{aV {H$`m OmEJm& ~mH$s AXmdmH¥ V bm^m§e ImVmo§ H$s eofam{e CZHo gm_Zo Xem©B© JB© CZH$s {Z`V VmarImo§ Ho AZwgma {ZdoeH$ {ejm g§ajU {Z{Y (AmB©B©nrE\ ) _o§ A§V{aV H$s OmEJr Am¡a CgHo ~mX eo`aYmaH$mo§ Ûmam ~¢H$ go `m AmB©B©nrE\ go Cº bm^m§e Ho ^wJVmZ hoVw H$moB© ^r Xmdm Zht {H$`m Om gHo Jm& Bg{bE eo`aYmaH$mo§ go AZwamoY h¡ {H$ do AàXÎm bm^m§e hoVw AnZo Xmdo ~¢H$ Ho a{OñQ—ma Am¡a eo`a A§VaU EOo§Q _ogg© H$mdr© H§ ß`yQaeo`a àm. {b., h¡Xam~mX H$mo `m H$mnmo©aoQ H$m`m©b` Ho {ZdoeH$ godm {d^mJ H$mo `WmerK« àñVwV H$ao§&
31.03.2019 H$mo ~H$m`m eof g{hV Ag§XÎm bm^m§e ImVmo§ H$s gyMr {ZåZdV h¡:
The list of Unpaid Dividend accounts with balance outstanding as on 31.03.2019 is as follows:
H«$. g§.Sl. No.
AàXÎm bm^m§e ImVmo§ Ho$ {ddaUDetails of the Unpaid Dividend Accounts
gr.E. ImVm g§.C.A. A/c No.
KmofUm H$m {XZm§H$Date of
Declaration
31.03.2019 H$mo eof (`)Balance as
on 31.03.2019(`)
AmB©B©nrE’$ H$mo A§VaU hoVw {Z¶V
VmarIDue date of
transfer to IEPF1. AàXÎm bm^m§e ImVm - 2011-12
Unpaid Dividend Account – 2011–12510101000855005 29.06.2012 4165782.00 05.08.2019
2. AàXÎm bm^m§e ImVm - 2012-13Unpaid Dividend Account – 2012–13
510101000855013 25.06.2013 4565569.00 31.07.2020
3. AàXÎm A§V[a_ bm^m§e ImVm - 2013-14Unpaid Interim Dividend Account – 2013–14
510101000855021 23.01.2014 1466866.00 01.03.2021
4. AàXÎm A§{V_ bm^m§e ImVm - 2013-14Unpaid Final Dividend Account – 2013–14
510101000855031 26.06.2014 806116.00 01.08.2021
5. AàXÎm A§{V_ bm^m§e ImVm - 2014-15Unpaid Final Dividend Account – 2014–15
510101000855048 29.06.2015 2438878.00 04.08.2022
114
12.11 SEBI has made it mandatory for all the listed companies including Banks, to use the Bank Account details furnished by the Depositories for payment of dividend. It has also made it mandatory for listed companies to use RBI approved electronic mode of payments such as NACH, NEFT, RTGS etc., for making dividend payments and in the event of non-availability of the required information like bank account details, MICR and IFSC Code etc., to use physical payment instruments for making such payments to shareholders. The Bank shall print Bank account details, as made available by the depositories or the shareholders (in case holding shares in physical form), on payment instruments for distribution of dividends, if any, to the investors.
12.11.1 The shareholders who have not provided the Bank Mandate or NACH details/change in Bank Mandate details, may furnish the same, to avoid fraudulent encashment of the dividend warrants. Proforma for furnishing the Bank Mandate is provided separately in the Annual Report.
12.11.2 It may please be noted that the shareholders who are holding the shares in physical form may send their Bank Mandate details to Investor Services Department of the Bank or M/s Karvy Fintech Pvt. Ltd., Hyderabad, for updating the record of the shareholders. The shareholders who are holding the shares in demat (electronic) form may approach their Depository Participant for necessary updation of the particulars.
12.11.3 The shareholders holding shares in physical form are requested to dematerialise their shares due to the convenience it offers, in holding, in transferring and in trading of shares. Loss, damage, mutilation of share certifi cates can be totally avoided.
12.11.4 Transmission of Shares: The Securities and Exchange Board of India (SEBI), vide their circular SEBI/HO/MIRSD3/P/2016/0000000085 dated 15th September 2016, has modifi ed the guidelines to make transmission process more investor friendly. The details of the same are available on the Bank’s website www.corpbank.com under ‘Investor Relations – Information to Investors.
12.11.5 Nomination facility: Nomination facility has now been made available by the Bank for shareholders holding the Bank’s shares in physical mode. Shareholders are requested to submit the duly fi lled-in and signed Nomination form as per the format made available in this Annual Report, to the Registrar and Share Transfer Agent, M/s. Karvy Fintech Pvt. Ltd., Hyderabad, for doing the needful.
12.11 go~r Zo ~¢H$mo§ g{hV g^r gyMr~Õ H§$n{Z`mo§ Ho {bE `h A{Zdm`© H$a {X`m h¡ {H$ do bm^m§e H$m ^wJVmZ H$aZo hoVw {Snm°{µOQar Ûmam àñVwV ~¢H$ ImVm {ddaU H$m Cn`moJ H$ao§& CÝhmo§Zo gyMr~Õ H§ n{Z`mo§ H$mo `h ^r A{Zdm`© H$a {X`m h¡ {H$ bm^m§e Ho ^wJVmZ hoVw do EZEgrEM, EZB©E\ Qr, AmaQrOrEg Am{X O¡go ^m.{a.~¢. Ûmam AZw_mo{XV ^wJVmZ {d{Y`mo§ H$m Cn`moJ H$ao§ Am¡a ~¢H$ ImVm {ddaU, E_AmB©grAma, AmB©E\ Eggr Hy$Q Am{X O¡gr Ano{jV OmZH$mar CnbãY Z hmoZo na eo`aYmaH$mo§ H$mo Eogo ^wJVmZ H$aZo hoVw H$mJµOr ^wJVmZ {bIVmo§ H$m BñVo_mb H$a gH$Vo h¢& ~¢H$, {ZdoeH$mo§ H$mo bm^m§e, `{X H$moB© hmo, {dV{aV H$aZo hoVw ^wJVmZ {bIV na {Snm°{µOQ{a`mo§ `m eo`aYmaH$mo§ Ûmam (`{X eo`a H$mJµOr ê$n _o§ Ym{aV hmo§ Vmo) CnbãY H$amE JE ~¢H$ ImVm {ddaU H$mo _w{ÐV H$ao§Jo&
12.11.1 {OZ eo`aYmaH$mo§ Zo ~¢H$ A{YXoe `m EZEgrEM {ddaU Zht {X`m h¡/~¢H$ A{YXoe {ddaU _o§ n{adV©Z gy{MV Zht {H$E h¢, do bm^m§e dma§Qmo§ H$s H$nQnyU© ^wZmB© go ~MZo hoVw {ddaU àñVwV H$ao§& ~¢H$ A{YXoe àñVwV H$aZo hoVw àmo\$m_m© dm{f©H$ {anmoQ© _o§ AbJ go {X`m J`m h¡&
12.11.2 H¥$n`m ZmoQ H$ao§ {H$ Omo eo`aYmaH$ H$mJµOr ê$n _o§ eo`amo§ H$mo Ym{aV H$aVo h¢ do {aH$mS© H$mo AÚVZ H$aZo hoVw AnZo ~¢H$ A{YXoe {ddaU ~¢H$ Ho {ZdoeH$ godm {d^mJ/_ogg© H$mdr© {\$ZQoH$ àmBdoQ {b., h¡Xam~mX H$mo ^oO gH$Vo h¢& Omo eo`aYmaH$ Sr_¡Q (BboŠQ—m°{ZH$) ê$n _o§ eo`a Ym{aV H$aVo h¢, do {ddaU H$mo AÚVZ H$aZo hoVw {Snm°{µOQar nm{Q©{gno§Q go g§nH© H$a gH$Vo h¢&
12.11.3 H$mJµOr ê$n _o§ eo`a Ym{aV H$aZo dmbo eo`aYmaH$mo§ go AZwamoY h¡ {H$ A§VaU, eo`a _o§ Q—oqSJ _o§ gw{dYm VWm H$mJµOr eo`a à_mUnÌ Ho ImoZo/j{VJŒñV hmoZo/H$QZo-\ QZo Am{X go ~MZo Ho {bE AnZo eo`amo§ H$mo {S_¡{Q{a`bmBO H$admE§&
12.11.4 eo`amo§ H$m CÎmam{YH$ma A§VaU… ^maVr` à{V^y{V Ed§ {d{Z_` ~moS© (go~r) Zo AnZo n{anÌ grAmB©Ama/E_AmB©AmaEgSr3/nr/2016/0000000085 {XZm§H$ 15 {gV§~a 2016 Ûmam CÎmam{YH$ma A§VaU à{H«$`m g§~§Yr {Xem{ZXo©emo§ H$mo A{YH$ {ZdoeH$ {hV¡fr ~ZmZo Ho CÔoí` go Amemo{YV {H$`m h¡& Bggo g§~§{YV {ddaU ~¢H$ H$s do~gmBQ www.
corpbank.com na ‘Investor Relations-Information to Investors’
Ho A§VJ©V CnbãY h¡&
12.11.5 Zm_m§H$Z gw{dYm… ~¢H$ Ho eo`a H$mJµOr ê$n _o§ aIZo dmbo eo`aYmaH$mo§ H$mo ~¢H$ Zo A~ Zm_m§H$Z gw{dYm CnbãY H$amB© h¡& eo`aYmaH$mo§ go AZwamoY h¡ {H$ do Bg dm{f©H$ {anmoQ© _o§ CnbãY H$amE JE \$m_o©Q Ho AZwgma {d{YdV² ^am hwAm Am¡a hñVmj{aV Zm_m§H$Z \$m_© a{OñQ—ma Am¡a eo`a A§VaU EOo§Q _ogg© H$mdr© {\$ZQoH$ àmBdoQ {b., h¡Xam~mX H$mo Amdí`H$ H$ma©dmB© hoVw àñVwV H$ao§&
115ANNUAL REPORT 2018-19
12.12 Address for Correspondence: The Bank has set up an Investor Services Department at its Corporate Offi ce at Mangaluru. For any assistance regarding share transfers, transmissions, change of address, non-receipt of dividend, duplicate/missing share certifi cates and other matters pertaining to shares, the investors may contact the Bank at the following address:
The Company Secretary
Investor Services Department
Corporation Bank, Corporate Offi ce
Mangaladevi Temple Road
Mangaluru – 575 001
Tel: 0824-2424971, 2423853 (Direct) 2861482
Fax: 0824-2421581, 2423853
INVESTOR GRIEVANCES – E-mail: [email protected]
12.13 Corporation Bank shares are listed on both BSE and NSE. The fair volume of trading provides enough entry/exit opportunities to the shareholders.
The Bank has not issued GDRs/ADRs/Warrants or any other convertible instruments.
12.14 The branches of the Bank have spread all over India.
12.12 nÌmMma hoVw nVm… ~¢H$ Zo _§Jbyé _o§ AnZo H$mnmo©aoQ H$m`m©b` _o§ {ZdoeH$ godm {d^mJ ñWm{nV {H$`m h¡& eo`a A§VaU, CÎmam§VaU, nVo _o§ n{adV©Z, bm^m§e H$s AàmpßV, eo`a à_mU nÌ H$s Xygar à{V hoVw/à_mU nÌ Imo OmZo Am¡a eo`amo§ go g§~§{YV AÝ` _m_bmo§ Ho {bE {ZdoeH$ {ZåZ{b{IV nVo na ~¢H$ go g§nH© H$a gH$Vo h¢:
H§$nZr g{Md{ZdoeH$ godm {d^mJH$mnmo©aoeZ ~¢H$, H$mnmo©aoQ H$m`m©b`_§JbmXodr _§{Xa _mJ©_§Jbyé - 575 001
Xya^mf… 0824-2424971, 2423853 (grYm) 2861482
\¡ Šg… 0824-2421581, 2423853
{ZdoeH$ {eH$m`Vo§ - B©-_ob… [email protected]
12.13 H$mnmo©aoeZ ~¢H$ Ho eo`a ~rEgB© Am¡a EZEgB© _o§ gyMrdÕ {H$E JE h¢& ~‹Sr _mÌm _o§ eo`amo§ Ho boZXoZ hmoZo Ho H$maU eo`aYmaH$mo§ H$mo IarXZo/~oMZo Ho n`m©ßV Adga CnbãY h¢&
~¢H$ Zo OrSrAma/ESrAma/dma§Q `m AÝ` H$moB© n{adV©Zr` {bIVo§ Omar Zht H$s h¢&
12.14 ~¢H$ H$s emImE± nyao ^maV ^a _o§ h¢&
12.15 ~¢H$ H$mo àmßV H«o${S>Q> aoqQ>J H$m {ddaU Details of the credit rating obtained by the Bank:
ã`m¡am Particulars aoqQJ Rating
XrKm©dYr OmarH Vm© aoqQJ Long-Term Issuer Rating
AmB©EZSr EE-/ñQo~b (AmB©EZSr EE/ñQo~b go SmCZJ«oS {H$`m J`m) IND AA-/Stable (Downgraded from IND AA/Stable)
~ogb III AZwgma Qr`a II ~m§SBasel III Compliant Tier II Bonds
~rSãë`yAma EE/ñQo~b Ed§ AmB©EZSr EE-/ñQo~b (AmB©EZSr EE/ñQo~b go SmCZJ«oS {H$`m J`m) BWR AA/Stable & IND AA-/Stable (Downgraded from IND AA/Stable)
ZdmoÝ_ofr ñWm`r G$U {bIVInnovative Perpetual Debt Instruments
~rSãë`yAma EE-/ñQo~b, Ho `a E+/ZoJo{Qd Ed§ {HŒ {gb E+/ZoJo{Qd (AmCQbwH$ H$mo ñQo~b go g§emo{YV {H$`m J`m Am¡a aoqQJ H$s nwZ…nwpîQ H$s JB©)BWR AA-/Stable, CARE A+/Negative & CRISIL A+/Negative (Outlook revised from ‘Stable’ and rating reaffi rmed)
CÀM Qr`a II ~m§SUpper Tier II Bonds
~rSãë`yAma EE-/ñQo~b, Ho `a E+/ZoJo{Qd Ed§ {H«${gb E+/ZoJo{Qd (AmCQbwH H$mo ñQo~b go g§emo{YV {H$`m J`m Am¡a aoqQJ H$s nwZ…nwpîQ H$s JB© )BWR AA-/Stable, CARE A+/Negative & CRISIL A+/Negative (Outlook revised from ‘Stable’ and rating reaffi rmed)
{ZåZ Qr`a II ~m§SLower Tier-II Bonds
Ho `a EE-/ZoJo{Qd Ed§ {H«${gb EE-/ZoJo{Qd (AmCQbwH$ H$mo ñQo~b go g§emo{YV {H$`m J`m Am¡a aoqQJ H$s nwZ…nwpîQ H$s JB© )CARE AA-/Negative & CRISIL AA-/Negative (Outlook revised from ‘Stable’ and rating reaffi rmed)
gmdYr O_m àmoJŒm_Fixed Deposit Programme
E\ EE+/ZoJo{Qd (AmCQbwH H$mo ñQo~b go g§emo{YV {H$`m J`m Am¡a aoqQJ H$s nwZ…nwpîQ H$s JB© )FAA+/ Negative (Outlook revised from ‘Stable’ and rating reaffi rmed)
O_m à_mUnÌ Certifi cate of Deposits [AmB©grAma] E1+ [ICRA] A1+
116
~¢qH$J n{aMmbZ Ho {demb joÌ Ho {d{^Þ _hËdnyU© Xm{`Ëd {Z^mZo H$m 32
dfmoª H$m AZw^d h¡ &
13. Corporation Bank, as a responsible corporate citizen, believes that Corporate Governance is not just compliance with statutory requirements but doing what is best in the interest of all the stakeholders and the society at large in a transparent and ethical way with a rewarding environment to stakeholders.
14. Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. 14.1 In pursuance of the Regulations, the Bank has formulated Code of Conduct for Prevention of Insider Trading for Designated Employees and Directors for dealing in Shares of the Bank which was last modifi ed on 29.06.2018. Various forms have been designed to receive periodical information from the Designated Employees and the Directors of the Bank, as required in terms of these Regulations. Further, the Trading Window for dealing in shares of the Bank was kept closed for the Directors and Designated Employees of the Bank as per the following details:
13. EH$ {Oå_oXma H$mnmo©aoQ ZmJ{aH$ Ho ê$n _o§ H$mnmo©aoeZ ~¢H$ `h {dœmg H$aVm h¡ {H$ H$mnmo©aoQ A{^emgZ gm§{d{YH$ AnojmAmo§ H$m AZwnmbZ H$aZm _mÌ Zht h¡ ~pëH$ nmaXer© Ed§ Z¡{VH$ VarHo go g^r eo`aYmaH$mo§ Ed§ g_JŒ g_mO Ho {hV _o§ CÎm_ H$m`© H$aZm h¡&
14. go~r (Am§V{aH$ ì`mnma H$m à{V~§Y) {d{Z`_, 2015 H$m AZwnmbZ
14.1 BZ {d{Z`_mo§ Ho AZwgaU _o§, ~¢H$ Ho eo`a Ho boZXoZ hoVw nXZm{_V H$_©Mm{a`mo§ VWm {ZXoeH$mo§ Ho {bE ^o{X`m ì`mnma Ho {ZdmaU hoVw ~¢H$ Zo AmMma g§{hVm ~ZmB© h¡, {Og_o§ 29.06.2018 H$mo A§{V_ g§emoYZ {H$`m J`m Wm& BZ {d{Z`_mo§ Ho AZwgma ~¢H$ Ho nXZm{_V H$_©Mm{a`mo§ VWm {ZXoeH$mo§ go Amd{YH$ gyMZm àmßV H$aZo hoVw {d{^Þ \$m_© ~ZmE JE h¢& gmW hr {ZåZ{b{IV {ddaU Ho AZwgma ~¢H$ Ho {ZXoeH$mo§ VWm nXZm{_V H$_©Mm{a`mo§ hoVw ~¢H$ Ho eo`amo§ Ho boZXoZ hoVw ì`mnma qdSmo ~§X {H$`m J`m h¡…
ì`mnma qdSmo ~§X H$aZo H$s VmarIo§Dates of Closure of Trading Window ~§X H$aZo H$m CÔoí` Purpose of Closure
19 _B©, 2018 go 28 _B©, 2018
19th May 2018 to 28th May 2018
31 _mM©, 2018 H mo g_mßV {V_mhr/df© hoVw {dÎmr` n{aUm_mo§ H$s KmofUm& Declaration of Financial results for the quarter/year ended 31st March 2018.
04 AJñV, 2018 go 13 AJñV, 20184th August 2018 to 13th August 2018
30 OyZ, 2018 H mo g_mßV {V_mhr hoVw {V_mhr {dÎmr` n{aUm_mo§ H$s KmofUm&Declaration of Quarterly Financial results for the quarter ended 30th June 2018.
5 Zd§~a, 2018 go 15 Zd§~a, 20185th November 2018 to 15th November 2018
30 {gV§~a, 2018 H mo g_mßV {V_mhr hoVw {V_mhr {dÎmr` n{aUm_mo§ H r KmofUm&Declaration of Quarterly Financial results for the quarter ended 30th September 2018.
24 ÁmZd[a, 2019 go 31 ÁmZd[a, 201924th January 2019 to 31st January 2019
~¢H$ Ho$ nmÌ H$_©Mm[a`m| H$mo 10 H$am‹oS VH$ ZB© B©{¹$Q>r eo`a Omar H$aZo Ho$ {bE H$mnm}aoeZ ~¢H$ H$_©Mmar ñQ>m°H$ IarX `moOZm, 2018 (H$mn©~¢H$ - B©EgnrEg -2018) Zm_H$ `moOZm na {dMma H$aZo, {ZU©` boZo Am¡a AZw_mo{XV H$aZo Ho$ {bE ~¢H$ Ho$ ~moS>© H$s à{V^y{V Am~§Q>Z g{_{V H$s ~¡R>H$&A meeting of the Securities Allotment Committee of the Board of the Bank to consider, fi nalise and approve a scheme namely “Corporation Bank Employee Stock Purchase Scheme 2018 (CORPBANK ESPS-2018)” to issue of up to 10 (Ten) crore new equity shares to the eligible employees of the Bank.
AmJo 22 \$adar, 2019 VH$ ~T>m`m J`mFurther extended till 22nd February 2019
H$mn©~¢H$ B©EgnrEg 2018 Ho$ A§VJ©V ~¢H$ Ho$ nmÌ H$_©Mm[a`m| Ûmam {ZJ©_ Ho$ A{^YmZ H$s ewéAmV (H$mn©~¢H$ B©EgnrEg 2018 Ho$ A§VJ©V nmÌ H$_©Mm[a`m| Ûmam ZB© B©{¹$Q>r eo`am| H$mo A{^YmZ H$aZo Ho$ Abmdm)Opening of issue for subscription by the Eligible Employees of the Bank under CORPBANK ESPS 2018 [Except for the subscribing of equity shares by eligible employees under CORPBANK ESPS 2018]
1 Aà¡b, 2019 go 19 _B©, 20191st April 2019 to 19th May 2019
31 _mM©, 2019 H mo g_mßV {V_mhr Am¡a df© hoVw dm{f©H {dÎmr` n{aUm_mo§ H r KmofUm&Declaration of Annual Financial results for the quarter and year ended 31st March, 2019.
117ANNUAL REPORT 2018-19
14.2 The Bank has framed a Code of Corporate Disclosure Practices for Prevention of Insider Trading and made compliance thereof.
14.3 Related Party Transactions Policy As per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Related Party Transactions Policy has been uploaded on the Bank’s website www.corpbank.com under the head “Investor Relations” – “Policies and Disclosures”, at the following link, for the information of the shareholders and general public.. https://corpbank.com/node/134953
14.4 Other weblinka. Weblink for familiarization programmes imparted to independent directors is given hereunder: https://corpbank.com/node/134951
b. Weblink of policy for determining material subsidiaries is given hereunder :https://corpbank.com/node/123908
c. Weblink of Dividend Distribution policy for determining material subsidiaries is given hereunder :
https://corpbank.com/node/62173
d. Weblink of other policies/disclosures of the bank are as follows :
https://corpbank.com/
15. Takeover Code
15.1 The Bank has also complied from time to time with the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as amended.
16. Other Disclosures
16.1 Independent Directors on the Board of the Bank fulfi ls the condition of Independence as specifi ed in SEBI (LODR) Regulations, 2015 to the extent applicable to the Bank and are independent of the Bank’s Management.
14.2 ~¢H$ Zo Am§V{aH$ ì`mnma amoH$Wm_ hoVw H$mnmo©aoQ àH$QZ àUmbr g§{hVm ~ZmB© h¡ Am¡a CgH$m AZwnmbZ {H$`m h¡&
14.3 g§~§{YV nmQr© boZXoZ Zr{V
go~r (gyMr Xo`VmE§ Am¡a Amdí`H$ àH$QZ) {d{Z`_, 2015 Ho AZwgma, g§~§{YV nmQr© boZXoZ Zr{V H$mo ~¢H$ Ho ~odgmB©Q www.corpbank.com na “Investor Relations” – “Policies and Disclosures” Ho VhV AnbmoS {H$`m J`m h¡& eo`aYmaH$ Am¡a Am_ OZVm H$s gyMZm Ho {bE qbH$ {ZåZdV h¡:https://corpbank.com/node/134953
14.4 AÝ` do~qbH$ :H$. ñdV§Ì {ZXoeH$mo§ hoVw Am`mo{OV n{aM` H$m`©HŒ _ hoVw do~qbH$ {ZåZdV² h¡ :https://corpbank.com/node/134951
I. ^m¡{VH$ AZwf§{J`mo§ H$mo {ZYm©{aV H$aZo hoVw Zr{V H$m do~qbH$ {ZåZdV² h¡ :https://corpbank.com/node/123908
J. à_wI AZwf§{J`mo§ Ho {bE {ZYm©aU Ho {bE bm^m§e {dVaU Zr{V H$m do~qbH$ {ZåZdV² h¡ :https://corpbank.com/node/62173
K. ~¢H$ Ho AÝ` Zr{V`mo§/àH$QZmo§ H$m do~qbH$ {ZåZdV² h¡ :https://corpbank.com/ 15. A{YJŒhU g§{hVm
15.1 ~¢H$ Zo go~r (eo`amo§ H$m n`m©ßV A{^JŒhU VWm A{YJŒhU) A{Y{Z`_ 2011 Ho `Wm g§emo{YV àmdYmZmo§ H$m g_`-g_` na AZwnmbZ {H$`m h¡&
16. AÝ` àH$QZ…
16.1 ~¢H$ Ho ~moS© Ho ñdV§Ì {ZXoeH$, go~r (EbAmoSrAma) {d{Z`_, 2015 _o§ {Z{X©îQmZwgma ~¢H$ H$mo bmJy gr_m VH$ ñdV§ÌVm H$s eV© H$mo nyam H$aVo h¢ Am¡a do ~¢H$ Ho à~§YZ go ñdV§Ì h¢&
16.2 nÊ` H$s_V Am¡a nÊ` ~Mmd J{V{d{Y`mo§ H$m àH$QZ Disclosure of Commodity Price Risk and commodity hedging activities:
nÊ` H$m Zm_Commodity
Name
AmB©EZAma _o§ EŠgnmoµOa
Exposure in INR
nÊ` eVmoª Ho AZwgma EŠgnmoµOa
Exposure in commodity terms
H$_mo{SQr So{ado{Qd Ho Ûmam a{jV EŠgnmoµOa H$m %% of such exposure hedged through commodity derivatives
eyÝ` Nil eyÝ` Nil eyÝ` Nil Xoer _mH}$Q>Domestic Market
A§Vam©îQ—r` _mH}$QInternational Market
Hw$bTotal
AmoQrgrOTC
d{Z_`Exchange
AmoQrgrOTC
{d{Z_`Exchange
eyÝ` Nil eyÝ` Nil eyÝ` Nil eyÝ` Nil eyÝ` Nil
118
16.3 Utilisation of funds raised during 2018-19: Are fully utilised with the main objective of augmenting Tier 1 Capital and overall capital of the Bank for strengthening its capital adequacy and for enhancing its long-term resources.
16.4 A certifi cate from Practising Company Secretary has obtained by the Bank regarding non-disqualifi cation / non-debarred of any of its Directors on the Bank,
16.5 {dÎm df© 2018-19 Ho Xm¡amZ ~¢H Am¡a CgH$s AZwf§Jr BH$mB©`mo§ Ûmam gm§{d{YH$ boImnarjH$m| H$mo ^wJVmZ {H$E JE Hw$b ewëH$ H$m {ddaU {ZåZdV² h¢: Details of total fee paid by the Bank and its subsidiary to statutory auditors during the FY 2018-19 are as follows:
Zm_ Name am{e (` H amo‹S _o§) Amount (` in Crore)
H mnmo©aoeZ ~¢H Corporation Bank 25.04
H mn©~¢H goŠ`y{aQrµO {b{_QoS (AZwf§Jr H§ nZr )Corpbank Securities Ltd. (Subsidiary Company)
0.009
16.6 Disclosure in relation to sexual harassment of women at workplace (Prevention, Prohibition and Redressal) Act, 2013.a. number of complaints fi led during the fi nancial year - Nilb. number of complaints disposed of during the fi nancial year –
Nilc. number of complaints pending as on end of the fi nancial
year – Nil
17. Business Responsibility Report
The Bank being a listed entity, considers itself to be the critical component of the social system in which it operates and hence is accountable not merely to the shareholders from revenue and profi tability point of view, but also to the larger society of which it is a part. Hence, adoption of responsible business practices in the interest of the social set-up and the environment is being considered by the Bank as vital as its fi nancial and operational performance. The Bank, having accessed funds from the public, have an element of public interest involved, and hence it takes upon itself the responsibility to make continuous disclosures regarding steps taken by it from environmental, social and governance perspective. SEBI has made it mandatory for the Bank to submit the report for the fi nancial year 2018-19. The weblink to access the Business responsibility report of the Bank is https://corpbank.com/node/134952
For and on behalf of the Board of Directors
(P. V. Bharathi)Place : Mangaluru Managing Director & Date : 30.05.2019 Chief Executive Offi cer
16.3 2018-19 Ho Xm¡amZ OwQmB© J`r {Z{Y H$m Cn`moJ: AnZr ny§Or n`m©ßVVm H$mo _O~yV H$aZo Ho {bE Qr`a 1 ny§Or Am¡a ~¢H$ H$s g_JŒ ny§Or _o§ d¥{Õ H$aZo Ho _w»` CÔoí` Am¡a AnZo XrKm©d{Y g§gmYZmo§ H$mo ~‹TmZo Ho {bE nyU©V… Cn`moJ {H$`m OmVm h¡&
16.4 ~¢H$ Ûmam AnZo {H$gr r {ZXoeH$ Ho J¡a-A`mo½` / J¡a-{dMmamYrZ hmoZo Ho g§~§Y _o§ noeoda H§$nZr g{Md go à_mU nÌ àmßV {H$`m J`m h¡&
16.6 H$m`©ñWb na _{hbmAmo§ Ho `m¡Z CËnr‹SZ (amoH$Wm_, {ZfoY Am¡a
{ZdmaU) A{Y{Z`_, 2013 _o§ Ho g§~§Y _o§ àH$QZ
H$. {dÎmr` df© Ho Xm¡amZ XO© {eH$m`Vmo§ H$s g§»`m - eyÝ`
I. {dÎmr` df© Ho Xm¡amZ {ZnQmE JE {eH$m`Vmo§ H$s g§»`m- eyÝ`
J. {dÎmr` df© Ho A§V VH$ b§{~V {eH$m`Vmo§ H$s g§»`m-eyÝ`
17. H$mamo~ma {Oå_oXmar {anmoQ©
EH$ gyMr~Õ BH$mB© Ho ê$n _o§ ~¢H$ AnZo Amn H$mo Cg gm_m{OH$ àUmbr H$m EH$ _hËdnyU© KQH$ _mZVm h¡ {Og_o§ dh H$m`©aV h¡ Am¡a Bg{bE dh amOñd Ed§ bm^àXVm H$s X¥pîQ go Z Ho db eo`aYmaH$mo§ Ho à{V ~pëH$ ì`mnH$ g_mO Ho à{V ^r CÎmaXm`r h¡ {OgH$m dh EH$ A§J h¡& Bg{bE gm_m{OH$ g§aMZm Ed§ n{adoe Ho {hV _o§ {Oå_oXma H$mamo~ma àWmAmo§ H$mo AnZmZo na ^r ~¢H$ CVZm hr _hËd XoVm h¡ {OVZm {H$ dh AnZo {dÎmr` Ed§ n{aMmbZJV {ZînmXZ H$mo XoVm h¡& gmd©O{ZH$ YZam{e H$m boZXoZ H$aZo Ho H$maU ~¢H$ Ho H$m`© _o§ OZ-{hV {Z{hV h¡ Am¡a Bg{bE dh {Z`{_V AmYma na nm{ado{eH$, gm_m{OH$ Ed§ emgH$s` X¥pîQ go CgHo Ûmam CRmE JE H$X_mo§ Ho gVV àH$QZ H$s {Oå_oXmar AnZo D$na boVm h¡& go~r Zo {dÎm df© 2018-19 hoVw {anmoQ© H$s àñVw{V H$mo
~¢H$ Ho {bE A{Zdm`© {H$`m h¡ & ~¢H$ H$s H$mamo~ma {Oå_oXmar {anmoQ© XoIZo hoVw do~qbH$ https://corpbank.com/node/134952 h¡&
{ZXoeH$ _§Sb Ho {bE Am¡a CZH$s Amoa go
(nr. dr. ^maVr)ñWmZ … _§Jbyé à~§Y {ZXoeH$ Ed§ _w»` {XZm§H$ … 30.05.2019 H$m`©nmbH$ A{YH$mar
119ANNUAL REPORT 2018-19
KmofUmDECLARATION
~¢H$ Zo ~moS© Ho g^r gXñ`mo§ VWm ~¢H$ Ho H$moa à~§YZ hoVw EH$ AmMma g§{hVm {ZYm©{aV H$s h¡ {Ogo ~¢H$ H$s do~gmBQ _o§ {X`m J`m h¡& ~moS© Ho gXñ`mo§ VWm H$moa à~§YZ Zo 31 _mM©, 2019 Ho g_mßV {dÎmr` df© hoVw AmMma g§{hVm Ho AZwnmbZ H$s nwpîQ H$s h¡&
H¥$Vo H$mnmo©aoeZ ~¢H
ñWmZ : _§Jbyé (nr. dr. ^maVr){XZm§H … 13.05.2019 à~§Y {ZXoeH$ Ed§ _w»` H$m`©nmbH$ A{YH$mar
The Bank has laid down a Code of Conduct for all the Board members and Core Management of the Bank, which is posted on the website of the Bank. The Board members and Core Management have affi rmed compliance with the Code of Conduct for the fi nancial year ended 31st March, 2019.
For Corporation Bank
Place : Mangaluru (P. V. Bharathi)Date : 13.05.2019 Managing Director & Chief Executive Offi cer
120
The Board of Directors Corporation Bank
Compliance Certifi cate by CEO & CFO under Regulation 17 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This is to certify that
A. We have reviewed fi nancial statements and the cash fl ow statement of Corporation Bank for the year 2018-19 and that to the best of our knowledge and belief:
(i) These statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading;
(ii) These statements together present a true and fair view of the 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 fi nancial reporting and that we have evaluated the effectiveness of the internal control systems of the Bank pertaining to fi nancial reporting and we have disclosed to the auditors and the Audit Committee, defi ciencies in the design or operation of internal controls, if any, of which we are aware and the steps we have taken or propose to take to rectify these defi ciencie.
D. We have indicated to the auditors and the Audit committee
(1) Signifi cant changes in internal control over fi nancial reporting during the year;
(2) Signifi cant changes in accounting policies during the year and that the same have been disclosed in the notes to the fi nancial statements; and
(3) Instances of signifi cant fraud of which we have become aware and the involvement therein, if any, of the management or an employee having a signifi cant role in the Bank’s internal control system over fi nancial reporting.
E. The fi nancial statements have also been subjected to audit by Statutory Central Auditors.
(dr. _wÎmwH¥ îUZ) ({~énmj {_lm) (Jmonmb _wabr ^JV) (nr.dr.^maVr) _hm à~§YH H$m`©nmbH$ {ZXoeH$ H$m`©nmbH$ {ZXoeH$ à~§Y {ZXoeH$ Ed§ grB©Amo
(V. Muthukrishnan) (Birupaksha Mishra) (Gopal Murli Bhagat) (P. V. Bharathi)General Manager & CFO Executive Director Executive Director Managing Director and CEO
ñWmZ Place : _§Jbyé Mangaluru{XZm§H$ Date : _B© May 16, 2019
{ZXoeZ _§S>bH$mnm}aoeZ ~¢H$
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à_m{UV {H$`m OmVm h¡ {H$(H$) h_Zo df© 2018-19 hoVw H$mnmo©aoeZ ~¢H$ Ho {dÎmr` {ddaUmo§ VWm ZH$Xr
àdmh {ddaU H$s g_rjm H$s h¡ VWm h_mao A{YH$V_ kmZ d {dœmg Ho AZwgma…(i) BZ {ddaUmo§ _o§ Ho B© VÏ`mË_H$ AgË` {ddaU `m H$moB© VÏ`naH$
MyH$ `m ^Œm_H$ {ddaU Zht h¢&(ii) Bg Ho gmW hr `o {ddaU ~¢H$ Ho H$m`moª H$s ghr d C{MV pñW{V
àñVwV H$aVo h¢ VWm `o {dÚ_mZ boIm§H$Z _mZH$, bmJy {d{Y`mo§ VWm {d{Z`_mo§ Ho AZwgma h¢&
(I) h_mao A{YH$V_ kmZ Ed§ {dœmg Ho AZwgma ~¢H$ Zo df© Ho Xm¡amZ Eogr H$moB© boZXoZ Zht {H$E h¢ Omo H$nQnyU©, J¡a-H$mZyZr h¢ `m ~¢H$ H$s AmMma g§{hVm H$m C„§KZ H$aVo h¢&
(J) h_ {dÎmr` {anmoqQ©J hoVw Am§V{aH$ {Z`§ÌU H$m`_ H$aZo d ~ZmE aIZo hoVw CÎmaXm{`Ëd ñdrH$ma H$aVo h¢ VWm h_Zo {dÎmr` {anmoqQ©J go g§~§{YV ~¢H$ H$s Am§V{aH$ {Z`§ÌU ì`dñWm H$s à^m{dH$Vm H$m _yë`m§H$Z {H$`m h¡ VWm h_Zo Am§V{aH$ {Z`§ÌUmo§ H$s ê$naoIm `m n{aMmbZ _o§ `{X H$moB© H$_r h¡ {OZHo ~mao _o§ h_o§ _mby_ h¡, boIm narjH$mo§ VWm boIm narjm g{_{V H$mo gy{MV {H$`m h¡ VWm h_Zo BZ H${_`mo§ H$mo RrH$ H$aZo hoVw Cnm` {H$E h¢ `m àñVm{dV {H$E h¢&
(K) h_Zo boIm narjH$mo§ VWm boIm narjm g{_{V H$mo {ZåZ{b{IV gy{MV {H$`m h¡…(1) df© Ho Xm¡amZ {dÎmr` {anmoqQ©J na Am§V{aH$ {Z`§ÌU _o§ _hËdnyU©
n{adV©Z&(2) df© Ho Xm¡amZ boIm§H$Z Zr{V`mo§ _o§ _hËdnyU© n{adV©Z VWm BÝho§
{dÎmr` {ddaUmo§ H$s {Qßn{U`mo§ _o§ àH$Q {H$`m h¡; VWm(3) h_mar OmZH$mar _o§ AmE H$nQmo§ H$s _hËdnyU© KQZmE± {OZ_o§ à~§YZ
`m {dÎmr` {anmoqQ©J na ~¢H$ H$s Am§V{aH$ {Z`§ÌU ì`dñWm _o§ _hËdnyU© ^y{_H$m dmbo H$_©Mmar H$s g§{bßVVm, `{X H$moB© h¡&
(L) {dÎmr` {ddaUmo§ H$s gm§{d{YH$ Ho Ðr` boIm-narjH$mo§ Ûmam ^r boIm-narjm H$s JB© h¡&
121ANNUAL REPORT 2018-19
AUDITORS’ CERTIFICATE ON CORPORATE GOVERNANCE
To the Members of Corporation Bank,
We have examined the compliance of conditions of Corporate Governance by Corporation Bank (“the Bank”) for the year ended on 31st March 2019, as stipulated in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The compliance of conditions of corporate governance is the responsibility of the management. Our examination was limited to the 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 fi nancial statements of the Bank.
In our opinion, and to the best of our information and according to explanations given to us, we certify that the Bank has complied with the conditions of Corporate Governance as stipulated in the above mentioned Listing Regulations read with proviso to Regulation 15 of the Listing Regulations.
We state that no investor grievances are pending for a period exceeding one month against the Bank as per the records maintained by the Stakeholders’ Relationship Committee of the Board of the Bank and certifi cate given by the Registrar and Transfer Agent of the Bank.
We further state that such compliance is neither an assurance as to the future viability of the Bank nor the effi ciency or effectiveness with which the management has conducted the affairs of the Bank.
Place : MangaluruDate : 17.05.2019
H$mnmo©aoQ A{^emgZ na boIm-narjH$mo§ H$m à_mU-nÌ
godm _o§,
H$mnmo©aoeZ ~¢H$ Ho gXñ`JU,
h_Zo, go~r (gyMr~Õ Xo`VmE§ Am¡a Amdí`H$ àH$QZ) {d{Z`_, 2015 Ho {d{Z`_ 17 go 27 _o§ {d{Z{X©îQmZwgma 31 _mM©, 2019 H$mo g_mßV df© hoVw H$mno©aoeZ ~¢H$ Ûmam H$mnmo©aoQ A{^emgZ H$s eVmoª Ho AZwnmbZ H$s Om±M H$s h¡&
H$mnmo©aoQ A{^emgZ H$s eVmoª Ho AZwnmbZ H$s {Oå_oXmar à~§YZ-dJ© H$s h¡& h_mar Om±M, H$mno©aoQ A{^emgZ H$s eVmoª H$m AZwnmbZ gw{Z{üV H$aZo hoVw ~¢H$ Ûmam AnZmB© JB© à{HŒ `mAmo§ Am¡a CZHo {HŒ `mÝd`Z VH$ gr{_V Wr& `h Z Vmo boIm-narjm h¡ Am¡a Z hr ~¢H$ Ho {dÎmr` {ddaUmo§ na A{^_V H$s A{^ì`{º$ h¡&
h_mar am` Ed§ gyMZm VWm h_o§ {XE JE ñnîQrH$aU Ho AZwgma h_ à_m{UV H$aVo h¢ {H$ ~¢H$ Zo gyMrH$aU {d{Z`_ Ho {d{Z`_ 15 Ho Cn~§Y Ho gmW n{RV Cnamoº gyMrH$aU {d{Z`_ _o§ {d{Z{X©îQ H$mnmo©aoQ A{^emgZ H$s eVmoª H$m AZwnmbZ {H$`m h¡&
h_ ñnîQ H$aVo h¢ {H$ ~¢H$ Ho ~moS© H$s eo`aYmaH$ g§~§Y g{_{V Ûmam aIo JE A{^boI Ed§ ~¢H$ Ho a{OñQ—ma Ed§ A§VaU EOo§Qmo§ Ûmam àXÎm à_mUnÌ Ho AZwgma ~¢H$ Ho {déÕ H$moB© {ZdoeH$ {eH$m`V EH$ _mh go A{YH$ Ad{Y hoVw b§{~V Zht h¡&
h_ `h ^r ñnîQ H$aVo h¢ {H$ Eogm AZwnmbZ Z Vmo ~¢H$ H$s ^mdr ì`dhm`©Vm H$m H$moB© AmœmgZ h¡ Am¡a Z hr XjVm `m à^m{dVm {Oggo à~§YZ-dJ© Zo ~¢H$ Ho {HŒ `mH$bmn g§Mm{bV {H$E h¢ &
ñWmZ … _§Jbyé {XZm§H$ … 17.05.2019
H¥$Vo XÎmm qgJbm EÊS H§ . gZXr boImH ma
E\$AmaEZ-006185EZ
H¥$Vo E. Ho . g~V EÊS H§ . gZXr boImH ma
E\$AmaEZ-321012B©
(grE g§Ord AJ«dmb)gmÂmoXma
gXñ` g§.503932
(grE E. Ho . g~V)gmÂmoXma
gXñ` g§. 30310
H¥$Vo MÝÐZ EÊS a_Z gZXr boImH ma
E\$AmaEZ-000571Eg
(grE Eg.Or. H$ë`mUa_U)gmÂmoXma
gXñ` g§.10652
H¥$Vo Eg. am_mZ§X Aæ`a EÊS H§ . gZXr boImH ma
E\$AmaEZ-000990EZ
(grE {~ZmoX gr. _hmamUm)gmÂmoXma
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E\$AmaEZ-001557gr
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gXñ` g§. 073191
For Datta Singla & Co.Chartered Accountants
FRN: 006185N
For A. K. Sabat & Co.Chartered Accountants
FRN: 321012E
[CA Sanjeev Aggarwal]Partner
Membership No. 503932
[CA. A. K. Sabat]Partner
Membership No. 30310
For Chandran & RamanChartered Accountants
FRN: 000571S
[CA S. G. Kalyanaraman]Partner
Membership No. 10652
For S. Ramanand Aiyar & Co.Chartered Accountants
FRN: 000990N
[CA Binod C. Maharana]Partner
Membership No. 056373
For Pramod & AssociatesChartered Accountants
FRN: 001557C
[CA Ravindra Raniwala]Partner
Membership No. 073191
122
To,
The Members of Corporation Bank,
This is to Certify that none of the Directors on the Board of the Corporation Bank have been debarred or disqualifi ed from being appointed or continuing as Directors of Banks/ Companies by the Securities and Exchange Board of India / Ministry of Corporate Affairs / Ministry of Finance / Reserve Bank of India or any such statutory authority , as on date of this Certifi cate.
For R.S. Padia & Associates Company Secretaries Date :10.05.2019 Rajshree PadiaPlace: Mumbai FCS: 6804; CP: 7488
godm _o§,
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{XZm§H : 10.05.2019 amOlr nm{S`m ñWmZ: _w§~B© E\ grEg: 6804; grnr: 7488
.
123ANNUAL REPORT 2018-19
\$m°_© g§. E_Ama-3 {Z`m_H$s boImnarjm {anmoQ©
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h_Zo bmJy gm§{d{YH àmdYmZmo§ Ho AZwnmbZ Am¡a H$mnmo©aoeZ ~¢H (~mX _o§ Bgo ~¢H H$hm J`m h¡) Ho AÀNo H$m°nmo©aoQ ì`dhmamo§ Ho nmbZ H$s {Z`m_H$s boImnarjm H$s h¡& {Z`m_H$s boImnarjm Bg àH$ma H$s J`r {Oggo h_o§ H$mnmo©aoQ AmMaU/gm§{d{YH AZwnmbZ Ho _yë`m§H Z H aZo Am¡a Cg na AnZr am` ì`º$ H$aZo H$m C{MV AmYma {_bm&
h_mao Ûmam H$mnmo©aoeZ ~¢H H$s ~{h`mo§, XñVmdoµOmo§, H$m`©d¥Îm ~{h`mo§, \ m_© Am¡a XO© {aQZmoª Am¡a ~¢H Ûmam AZwa{jV AÝ` XñVmdoµOmo§ Ho gË`mnZ VWm gmW hr, {Z`m_H$s boImnarjm Ho Xm¡amZ ~¢H A{YH$m[a`mo§ Ûmam àXmZ H$s JB© gyMZm Ho AmYma na, h_ EVX²Ûmam [anmoQ© H$aVo h¢ {H h_mar am` _o§ ~¢H Zo 31/03/2019 H$mo g_mßV {dÎm df© H$s boImnarjm Ho Xm¡amZ ZrMo gyMr~Õ
gm§{d{YH àmdYmZmo§ H$m AZwnmbZ {H$`m h¡ Am¡a gmW _o§ `h ^r {H BgHo$ AmJo H$s JB© {anmo{Q>ªJ Ho AZwgma ~¢H Ho nmg C{MV ~moS©-à{H«$`mE± Ed§ AZwnmbZ-V§Ì h¢:
h_Zo {ZåZ{b{IV àmdYmZmo§ Ho AZwgma, 31/03/2019 H$mo g_mßV {dÎm df© Ho {bE ~¢H Ûmam AZwa{jV ~{h`mo§, XñVmdoµOmo§, H$m`©d¥Îm ~{h`mo§, \$m_© Am¡a XO© {aQZ© Am¡a AÝ` XñVmdoµOmo§ H$s Om±M H$s h¡…
(i) H§$nZr A{Y{Z`_, 2013 (A{Y{Z`_) Am¡a CgHo$ AYrZ ~ZmE JE {Z`_ Ohm± VH ~¢H Ho$ {bE bmJy h¡Ÿ&
(ii) à{V^y{V g§{dXm ({d{Z`_Z) A{Y{Z`_, 1957 (‘SCRA ’) Am¡a CgHo$ A§VJ©V ~ZmE JE {Z`_;
(iii) {ZjonmJma A{Y{Z`_, 1996 Am¡a CgHo A§VJ©V ~ZmE JE {d{Z`_ Am¡a Cn{Z`_;
(iv) {dXoer _wÐm à~§YZ A{Y{Z`_, 1999 Am¡a CgHo$ A§VJ©V {dXoer àË`j {Zdoe, {dXoer àË`j {Zdoe Am¡a ~mhar dm{UpÁ`H$ CYma Ho$ g§~§Y _| ~ZmE JE {Z`_; (g_rjmYrZ Ad{Y Ho$ {bE ~¢H$ na bmJy Zht h¡)
(v) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS©> A{Y{Z`_, 1992 (go~r A{Y{Z`_) Ho$ VhV {ZYm©[aV {ZåZ{bpIV {d{Z`_ Am¡a {Xem{ZX}e:
H$) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS©> (gyMr~ÕVm {bpñQ>§J ~mÜ`VmE± Am¡a àH$Q>rH$aU AnojmE±) {d{Z`_, 2015
Form No. MR-3SECRETARIAL AUDIT REPORT
FOR THE FINANCIAL YEAR ENDED 31st MARCH 2019
[Pursuant to Section 204(1) of the Companies Act, 2013 and rule No. 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 read alongwith SEBI Circular No. IR/CFD/CMD1/27/2019 DATED 08.02.2019]
To,
The Members of Corporation Bank
We have conducted the Secretarial Audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Corporation Bank, (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 verifi cation of the Corporation Bank books, papers, minute books, forms and returns fi led and other records maintained by the Bank and also the information provided by the Bank offi cials during the conduct of secretarial audit, We hereby report that in our opinion, the Bank has, during the audit period covering the fi nancial year ended on 31/03/2019 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 fi led and other records maintained by the Bank for the fi nancial year ended on 31/03/2019 according to the provisions of: (i) The Companies Act, 2013 (the Act) and the rules made
thereunder to the extent applicable to the Bank. (ii) The Securities Contracts (Regulation) Act, 1957 (‘SCRA’)
and the rules made thereunder; (iii) The Depositories Act, 1996 and the Regulations and Bye-
laws 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; (Not Applicable to the Bank for the period under review)
(v) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (‘SEBI Act’):
(a) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulations, 2015;
124
I) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS©> (ny±Or {ZJ©_ Am¡a àH$Q>rH$aU AnojmE± {d{Z`_, 2018;
J) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS©> (eo`am| H$m n`m©á AO©Z Am¡a A{^J«hU {d{Z`_, 2011;
K) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS©> (à{V^y{V`m| H$mo H«$` Ûmam dmng boZm (~m`-~¡H$) {d{Z`_, 2018; (g_rjmYrZ df© Ho$ Xm¡amZ bmJy Zht h¡ My±{H$ H$moB© ~m`-~¡H$ Zht Wm)
L) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS©> (eo`a AmYm[aV H$_©Mmar \$m`Xo) {d{Z`_, 2014;
M) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS©> (F$U à{V^y{V`m| H$m {ZJ©_ Am¡a BZH$s gyMr~ÕVm) {d{Z`_, 2008;
N>) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS©> (Ag§n[adV©Zr` Ed§ _moMZr` A{Y_mZr eo`am| H$m {ZJ©_ Am¡a BZH$s gyMr~ÕVm) {d{Z`_, 2013;
O) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS©> (A§Va§J ì`mnma H$m à{VfoY) {d{Z`_, 2015;
(vi) ~¢H$ na bmJy {ZåZ{bpIV AÝ` {Z`_:
H$) ^maVr` [aµOd© ~¢H$ (Ama~rAmB©) Am¡a maV gaH$ma (OrAmoAmB©) Ûmam g_` g_` na Omar A{YgyMZmAm| Am¡a n[anÌm| Ho$ gmW ~¢qH$J {d{Z`_Z A{Y{Z`_ 1949
I) ~¢qH$J H§$nZr (CnH«$_m| H$m AO©Z Am¡a A§VaU) A{YJ«hU, 1980 Am¡a CgHo$ AmemoYZ
J) amï´>r`H¥$V ~¢H$ (à~§YZ Ed§ {d{dY àmdYmZ) `moOZm, 1980
K) H$mnm}aoeZ ~¢H$ (eo`a Ed§ ~¡R>H$), {d{Z`_Z 1998
h_Zo {ZåZ{bpIV bmJy eVm] Ho$ AZwnmbZ H$s Om±M H$s h¡…
(i) ^maVr` H§$nZr g{Md g§ñWmZ Ûmam Omar g{Mdr` _mZH$
(ii) ~¢H$ Ûmam ~rEgB© {b{_Q>oS> (~rEgB©) Am¡a amï´>r` eo`a ~mµOma Ho$ gmW {H$`m J`m gyMr~ÕVm H$ama
g_rjmYrZ Ad{Y Ho$ Xm¡amZ ~¢H$ Ûmam Cnamoº$ A{Y{Z`_m|, {Z`_m|, {d{Z`_m|, {Xem{ZX}em|, _mZH$m| Am{X Ho$ àmdYmZm| H$m AZwnmbZ {H$`m J`m h¡&
h_ AmJo gy{MV H$aVo h¢ {H$
~¢H$ Ho$ {ZXoeH$ _§S>b H$m JR>Z ñdV§Ì {ZXoeH$m| Am¡a _{hbm {ZXoeH$m| g{hV, H$m`©H$mar {ZXoeH$m|, J¡a-H$m`©H$mar {ZXoeH$m| Ho$ g_w{MV g§VwbZ Ho$ gmW {H$`m J`m h¡& g_rjmYrZ Ad{Y Ho$ Xm¡amZ {ZXoeH$ _§S>b H$s g§aMZm _| n[adV©Z go~r (EbAmoS>rAma) Ho$ gmW-gmW ~¢qH$J H$mZyZm| Ho$ àmdYmZm| Ho$ AZwnmbZ Ho$ gmW {H$`o J`o Wo&
~moS©> H$s ~¡R>H$m| Ho$ Am`moOZ hoVw g^r {ZXoeH$m| H$mo n`m©á Zmo{Q>g {X`m OmVm h¡& H$m`©gyMr Ed§ Cgna {dñV¥V ZmoQ> H$_ go H$_ gmV {XZ nhbo ^oOo JE& gmW hr ~¡R>H$ _| gmW©H$ ^mJrXmar hoVw ~¡R>H$ Ho$ Xm¡amZ H$m`©gyMr Ho$ _Xm| na A{YH$ OmZH$mar Am¡a ñnï>rH$aU _m§JZo d àmá H$aZo Ho$ {bE EH$ àUmbr _m¡OyX h¡&
(b) Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018;
(c) Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
(d) Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018; (Not Applicable during the year under review as there were no Buybacks)
(e) Securities and Exchange Board of India (Share Based Employee Benefi ts) Regulations, 2014;
(f ) Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;
(g) Securities and Exchange Board of India (Issue and Listing of Non-Convertible and Redeemable Preference Shares) Regulations, 2013; (Not Applicable to the Bank for the year under review)
(h) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;
(vi) The Following other Laws as applicable to the Bank: a) Banking Regulation Act, 1949 along with Notifi cations
and Circulars issued by the Reserve Bank of India (RBI) and Government of India (GOI) from time to time
b) Banking Companies (Acquisition & Transfer of Undertakings) Act, 1980 and its amendments thereof
c) Nationalised Banks (Management & Miscellaneous Provisions) Scheme, 1980
d) Corporation Bank (Shares and Meetings) Regulations, 1998
We have also examined compliance with the applicable clauses of the following: (i) Secretarial Standards issued by The Institute of Company
Secretaries of India. (ii) The Listing Agreements entered into by the Bank with BSE
Ltd (BSE) and the National Stock Exchange of India Ltd. (NSE)
During the period under review the Bank has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above.
We further report thatThe Board of Directors of the Bank is duly constituted with proper balance of Executive Directors, Non-Executive Directors including Independent Directors and Women 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 provisions of the Banking laws in consonance with SEBI (LODR).
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, and a system exists for seeking and obtaining further information and clarifi cations on the agenda items in the meeting for meaningful participation at the meeting.
125ANNUAL REPORT 2018-19
n[anÌm| Ho$ _mÜ`_ go AZw_mo{XV àñVmdm| g{hV, ~¢H$ Ho$ {ZXoeH$ _§S>b H$s ~¡R>H$m| _| {ZU©`m| H$mo gd©gå_{V go nm[aV {H$`m J`m Wm& g_rjmYrZ Ad{Y Ho$ Xm¡amZ {ZXoeH$ _§S>b Ho$ {H$gr ^r gXñ` Ûmam H$moB© {^Þ _V Zht àH$Q> {H$`m J`m Wm&
h_ AmJo gy{MV H$aVo h¢ {H$ ~¢H$ Ho$ AmH$ma Am¡a n[aMmbZ Ho$ AZwê$n bmJy H$mZyZm|, {Z`_m|, {d{Z`_m| Am¡a {Xem{ZX}em| H$s {ZJamZr Am¡a AZwnmbZ gw{Z{üV H$aZo hoVw ~¢H$ _| n`m©á àUmbr Am¡a à{H«$`mE§ _m¡µOyX h¢&
h_ AmJo gy{MV H$aVo h¢ {H$ boImnarjm Ad{Y Ho$ Xm¡amZ ~¢H$ Zo {ZåZ{bpIV àñVmd nm[aV {H$`o:
(i) {XZm§H$ 29 OyZ 2018 H$mo Am`mo{OV ~¢H$ H$s dm{f©H$ gm_mÝ` ~¡R>H$ _| ZE B{¹$Q>r eo`a Omar H$aZo Am¡a/`m ~ogb III {Xem{ZX}em| Ho$ AZwgma A{V[aº$ {Q>`a - I `m {Q>`a II ny§Or Omar H$aVo hþE ~¢H$ H$s ny§Or ~‹T>mZo H$mo _§Oyar XoZo hoVw EH$ {deof àñVmd nm[aV {H$`m J`m&
(ii) 7 {gV§~a 2018 H$mo ~¢H$ H$s AgmYmaU gm_mÝ` ~¡R>H$ _| {ZåZ{bpIV {deof àñVmd nm[aV {H$E JE&
H$. A{Y_mÝ` AmYma na A§{H$V _yë` 2 ` à{V H$s Xa go à{V B©{¹$Q>r `27.40 Ho$ àr{_`_ na AWm©V² `29.40 Ho$ {ZJ©_ _yë` Ho$ gmW Hw$b 2555 H$amo‹S> hoVw 86,90,47,619 B©{¹${Q> eo`am| H$mo {Z{_©V H$aZm, Omar H$aZm Ed§ ^maV gaH$ma H$mo Am~§{Q>V H$aZmŸ&
VXZwgma, ~¢H$ Ho$ ~moS©> H$s à{V^y{V Am~§Q>Z g{_{V Zo 11 Aºy$~a 2018 H$mo AnZr ~¡R>H$ _| go~r AmB©grS>rAma {d{Z`_ 2018 Ho$ AZwnmbZ _| Cº$ eo`a Am~§{Q>V {H$E h¢&
I. H$m°nm}aoeZ ~¢H$ H$_©Mmar ñQ>m°H$ IarX `moOZm, 2018 (H$mn© ~¢H$ B©EgnrEg, 2018) Ho$ VhV ~moS©>/g{_{V Ûmam nyU© {ddoH$m{YH$ma go V` {H$E JE {Z`_m| Am¡a eVm] na A§{H$V _yë` `2/- à{V H$s Xa go 10 H$amo‹S> VH$ eo`am| H$m {Z_m©U, àñVmd, {ZJ©_ Ed§ Am~§Q>Z&
VXZwgma, {XZm§H$ 8 _mM© 2019 H$mo Am`mo{OV ~¡R>H$ _| ~¢H$ H$s à{V^y{V Am~§Q>Z g{_{V Ûmam go~r (eo`a AmYm[aV H$_©Mmar bm^) {d{Z`_, 2014 H$m AZwnmbZ H$aVo hþE ~¢H$ Ho$ nmÌ H$_©Mm[a`m| H$mo 19.61 à{V B©{¹$Q>r eo`a Ho$ àñVm{dV _yë` na 5,40,40,570 én`o Ho$ B©{¹$Q>r eo`a Am~§{Q>V {H$`o JE Wo&
(iii) {XZm§H$ 27 _mM©, 2019 H$mo Am`mo{OV ~¢H$ Ho$ AgmYmaU _hm g^m _| {ZåZ{bpIV {deof g§H$ën nm[aV {H$`m J`m&
H$. A{Y_mÝ` AmYma na A§{H$V _yë` 2 ` à{V H$s Xa go à{V B{¹$Q>r `24.68 Ho$ àr{_`_ na AWm©V² `26.68 Ho$ {ZJ©_ _yë` Ho$ gmW Hw$b 9086 H$amo‹S> hoVw 340,55,47,226 B{¹${Q> eo`am| H$mo {Z{_©V H$aZm, Omar H$aZm Ed§ ^maV gaH$ma H$mo Am~§{Q>V H$aZm&
VXZwgma, ~¢H$ Ho$ ~moS©> H$s à{V^y{V Am~§Q>Z g{_{V Zo 29 _mM©, 2019 H$mo AnZr ~¡R>H$ _| go~r AmB©grS>rAma {d{Z`_ 2018 Ho$ AZwnmbZ _| Cº$ eo`a Am~§{Q>V {H$E h¢&
Decisions at the Meetings of the Board of Directors of the Bank, including the resolutions approved through circulations, were resolved unanimously. There were no dissenting views by any member of the Board of Directors during the period under review.
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.
We further report that during the audit period the Bank has:
(i) A Special Resolution was passed at the Annual General Meeting of the Bank Held on 29th June 2018 for approving Raising of Capital of the Bank by way of Issuance of fresh Equity shares and/or by issuance of Additional Tier – I or Tier II capital as per Basel III Guidelines.
(ii) Special Resolutions were passed at the Extraordinary General Meeting of the Bank on 7th September 2018 to
a. Create, issue and allot 86,90,47,619 Equity shares of Face value `2 each for cash at a premium of `27.40 per equity share i.e. the issue price of `29.40 aggregating upto `2555 crores to Government of India, on preferential basis.
Accordingly, the Securities Allotment Committee of the Board of the Bank has allotted the said shares in its meeting held on 11th October 2018 in compliance with the SEBI ICDR Regulations 2018.
b. Create, grant, offer, issue and allot upto 10 Crore new equity shares of face value of `2/- each under the Corporation Bank Employee Stock Purchase Scheme, 2018 (CorpBank ESPS, 2018) in one or more tranches, at such price and on such terms and conditions as may be decided by the Board/ Committee in its absolute discretion.
Accordingly, 5,40,40,570 Equity shares at an offer price of `19.61 per equity share were allotted to eligible employees of the Bank by the Securities Allotment Committee of the Board of the Bank in its meeting held on 8th March 2019 in compliance with the SEBI (Share Based Employee Benefi ts) Regulations, 2014.
(iii) Special Resolution was passed at the Extraordinary General Meeting of the Bank held on 27th March 2019 to
a. Create, issue and allot 340,55,47,226 Equity shares of Face value `2 each for cash at a premium of `24.68 per equity share i.e. the issue price of `26.68 aggregating upto `9086 crores to Government of India, on preferential basis.
Accordingly, the Securities Allotment Committee of the Board of the Bank has allotted the said shares in its meeting held on 29th March, 2019 in compliance with SEBI ICDR Regulations 2018.
126
(iv) ^maVr` [aµOd© ~¢H$ (RBI) Zo ~¢qH$J {d{Z`_Z A{Y{Z`_ 1949 H$s Ymam 46 (4) (i) Ho$ gmW n{R>V Ymam 47 ( A) (1) (c) Ho$ A§VJ©V àXÎm e{º$`m| Ho$ à`moJ H$aVo hþE ~¢H$ na VmËH$m{bH$ g_` na {H$E OmZo dmbo Mma à{VnyaH$ {Z`§ÌUm| go EH$ Ho$ {d{Z`m_H$ AZwnmbZ _| H$_r Ho$ {bE Hw$b `10 {_{b`Z Am¡a {Z{Y`m| Ho$ A§{V_ Cn`moJ H$s {ZJamZr _| hþB© Hw$N> H${_`m| Ho$ H$maU Am¡a EH$ CYmaH$Vm© go g§~§{YV gyMZmAm| H$mo Xÿgao ~¢H$ Ho$ gmW gmPm H$aZo Ho$ H$maU Hw$N> AÝ` ~¢H$m| Ho$ gmW h_mao ~¢H$ na `20 {_{b`Z Ow_m©Zm bJm`m J`m h¡& BZ XmoZm| KQ>ZmAm| H$mo ñQ>m°H$ EŠgM|Om| H$mo gy{MV {H$`m J`m h¡&
(v) ~¢H$ Zo gyMZm kmnZ Am¡a ^maVr` [aµOd© ~¢H$ Ûmam Xr JB© ñdrH¥${V Ho$ AZwgma {ZåZ{bpIV F$U {bIVm| H$mo ^wZm`m h¡:
_moMZ H$s {V{W Date of
Redemption
{bIV H$m àH$maNature of instrument
_moMZ H$s am{e (énE _o§ ) Amount of redemption
(in `)
CÔoí`Purpose
25.02.2019 CÀM {Q`a II ~m°ÊS²gUpper tier II Bonds
764,22,54,795 H$m°b Am°ßeZ H$s H$ma©dmB© na _moMZRedemption on exercise of call option
19.01.2019 AmB©nrSrAmB© ~m°ÊS²gIPDI Bonds
258,87,50,000.00 H$m°b Am°ßeZ H$s H$ma©dmB© na _moMZ Redemption on exercise of call option
12.12.2018 CÀM {Q`a II ~m°ÊS²gUpper Tier II Bonds
330,30,00,000.00 H$m°bb Am°ßeZ H$s H$ma©dmB© na _moMZRedemption on exercise of call option
03.12.2018 {ZåZ {Q`a II ~m°ÊS²gLower Tier II Bonds
221,60,00,000.00 n{an¹Vm na _moMZ Redemption on maturity
06.03.2018 A{V{aº {Q`a – 1 ~m°ÊS²gAdditional Tier – 1 Bonds
828,92,90,958.00 H$m°b Am°ßeZ H$s H$ma©dmB© na _moMZRedemption on exercise of call option
06.03.2018 A{V{aº {Q`a – 1 ~m°ÊS²gAdditional Tier – 1 Bonds
507,29,53,427.00 H$m°b Am°ßeZ H$s H$ma©dmB© na _moMZRedemption on exercise of call option
06.03.2018 A{V{aº {Q`a – 1 ~m°ÊS²gAdditional Tier – 1 Bonds
501,83,06,845.00H$m°b Am°ßeZ H$s H$ma©dmB© na _moMZRedemption on exercise of call option
{XZm§H Date : 10.05.2019
ñWmZ Place : _w§~B© Mumbai H¥ Vo Ama.Eg. nm{S`m EÊS Egmo{gEQ
For R.S. Padia & Associates H§$nZr g{Md Company Secretaries
amOlr nm{S`m Rajshree Padia E\ grEg FCS: 6804; grnr CP: 7488
(iv) Reserve Bank of India (RBI) in exercise of powers conferred under Section 47(A)(1)(c) read with the Section 46(4)(i) of the Banking Regulation Act, 1949 has imposed an aggregate penalty of `10 million on the Bank for defi ciency in regulatory compliance with one of the four compensatory control to do on real time basis and `20 million on the Bank due to some lapses in monitoring of end use of funds and exchange of information with other banks in respect of one borrower along with some other Banks. Both of these incidents intimated to Stock Exchanges.
(v) Bank has redeemed following debt instruments in terms of Information Memorandum and approval granted by Reserve Bank of India:
127ANNUAL REPORT 2018-19
Secretarial Compliance Report of Corporation Bank for the year ended 31st March 2019[Pursuant to SEBI circular No. IR/CFD/
CMD1/27/2019 Dated 08.02.2019]
To,The Members of Corporation Bank,
1. We have examined:
a) All the documents and records made available to us and explanation provided by Corporation Bank (“the listed entity”), arising from the compliances of Specifi c Regulations listed under para 2 infra
b) the fi lings/ submissions made by the listed entity to the stock exchanges in connection with the above
c) website of the listed entity,
d) any other document/ fi ling, as may be relevant, which has been relied upon to make this certifi cation,
for the year ended 31st March 2019 (“Review Period”) in respect of compliance with the provisions of :
a) the Securities and Exchange Board of India Act, 1992 (“SEBI Act”) and the Regulations, circulars, guidelines issued thereunder; and
b) the Securities Contracts (Regulation) Act, 1956 (“SCRA”), rules made thereunder and the Regulations, circulars, guidelines issued thereunder by the Securities and Exchange Board of India (“SEBI”);
2. The specifi c Regulations, whose provisions and the circulars/ guidelines issued thereunder, have been examined, include:-
a) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015;
b) Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018;
c) Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
d) Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018;
e) Securities and Exchange Board of India (Share Based Employee Benefi ts) Regulations, 2014;
31 _mM© 2019 H$mo g_má df© hoVw H$mnm}aoeZ ~¢H$ H$m {Z`m_H$s AZwnmbZ [anmoQ>©
go~r n[anÌ g§»`m IR/CFD/CMD1/27/2019
{XZm§{H$V 08.02.2019 Ho$ AZwê$n
godm _|,
H$mnm}aoeZ ~¢H$ Ho$ gXñ`m|
1. h_Zo Om±M H$s:
H$) AZwÀN>oX 2 BÝ\«$m Ho$ AÝVJ©V {deof {d{Z`_m| Ho$ AZwnmbZ _|
H$mnm}aoeZ ~¢H$ (gyMr~Õ BH$mB©) Ûmam CnbãY H$am`o J`o g^r
XñVmdoO Ed§ [aH$mS©> VWm ñnï>rH$aU&
I) Cnamoº$ Ho$ g§~§Y _|, gyMr~Õ BH$mB© Ûmam ñQ>m°H$ EŠñM|O H$mo Xr
JB©/àñVwV H$s JB© {ddaUr&
J) gyMr~Õ BH$mB© H$m do~gmBQ
K) H$moB© AÝ` àmg§{JH$ XñVmdoµO/ OmZH$mar {Ogna, Bg à_mUrH$aU
Ho$ {bE {dœmg {H$`m Om gHo$&
31 _mM© 2019 H$mo g_má df© ( g_rjm Ad{Y) hoVw AZwnmbZ Ho$ g§~§Y
_| àmdYmZ:
H$) ^maVr` à{V^y{V Ed§ {d{Z_` ~moS©> EŠQ>, 1992 (go~r EŠQ>) Ed§
BgHo$ AÝVJ©V Omar {d{Z`_, n[anÌ, {Xem{ZX}e Am¡a
I) à{V^y{V H$ama ({d{Z`_) EŠQ>, 1956 (EggrAmaE) Ho$ VhV ~Zo
{Z`_ Ed§ ^maVr` à{V^y{V Ed§ {d{Z_` ~moS©> (go~r) Ûmam Omar
{d{Z`_, n[anÌ Ed§ {Xem{ZX}e
2. {d{eï> {d{Z`_m|,{OgHo$ àmdYmZm| H$mo Ed§ BgHo$ AÝVJ©V Omar n[anÌm|/
{Xem{ZX}em| H$mo Om±Mm J`m h¡, _| {ZåZ{bpIV em{_b h¢:
H$) ^maVr` à{V^y{V Ed§ {d{Z_` ~moS©> ( {bpñQ>§J ~mÜ`VmE§ Ed§
àH$Q>rH$aU AnojmE±) {d{Z`_, 2015,
I) ^maVr` à{V^y{V Ed§ {d{Z_` ~moS©> (ny§Or H$m {ZJ©_Z Ed§ àH$Q>rH$aU
AnojmE±) {d{Z`_, 2018
J) ^maVr` à{V^y{V Ed§ {d{Z_` ~moS©> (eo`am| H$m n`m©á AO©Z Am¡a
A{YJ«hU) {d{Z`_, 2011
K) ^maVr` à{V^y{V Ed§ {d{Z_` ~moS©> ( à{V^y{V H$s nwZ… IarX)
{d{Z`_, 2018
L) ^maVr` à{V^y{V Ed§ {d{Z_` ~moS©> (eo`a AmYm[aV H$_©Mmar
\$m`Xo) {d{Z`_, 2014
128
f ) Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;
g) Securities and Exchange Board of India(Issue and Listing of Non - Convertible and Redeemable Preference Shares) Regulations, 2013;
h) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;
and based on the above examination, We hereby report that, during the Review Period:
a) The listed entity has complied with the provisions of the above Regulations and circulars/ guidelines issued thereunder, However, in absence of any transaction relating to Buyback of Securities and issue on Non Convertible and Redeemable Preference Shares during the period under review, the compliance of relevant provisions mentioned herein does not arise.
b) The listed entity has maintained proper records under the provisions of the above Regulations and circulars/ guidelines issued thereunder insofar as it appears from our examination of those records.
c) No action was required to be taken against the listed entity/ its promoters/ directors/ material subsidiaries either by SEBI or by Stock Exchanges (including under the Standard Operating Procedures issued by SEBI through various circulars) under the aforesaid Acts/ Regulations and circulars/ guidelines issued thereunder;
d) This being the fi rst reporting since the notifi cation of the requirement to submit this report, reporting on actions taken to comply with observations made in the previous reports does not arise.
For R.S. Padia & AssociatesCompany Secretaries
Rajshree Padia FCS: 6804; CP: 7488
Date : 10.05.2019Place : Mumbai
M) ^maVr` à{V^y{V Ed§ {d{Z_` ~moS©> (F$U à{V^y{V`m| H$m {ZJ©_
Am¡a BgH$s gyMr~ÕVm) {d{Z`_, 2008
N>) ^maVr` à{V^y{V Ed§ {d{Z_` ~moS©> (Ag§n[adV©Zr` _moMZr` A{Y_mZr eo`am| H$m {ZJ©_ Am¡a BZH$s gyMr~ÕVm) {d{Z`_, 2013
O) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS©> (BZgmBS>a Q´>oqS>J H$m à{VfoY) {d{Z`_, 2015;
Am¡a Cnamoº$ Om±M Ho$ AmYma na _¢/h_ gy{MV H$aVo h¢ {H$ g_rjm Ad{Y Ho$ Xm¡amZ:
H$) `h gyMr~Õ BH$mB©, BZHo$ AÝVJ©V Omar,Cnamoº$ {d{Z`_m| Ed§ n[anÌm| /{Xem{ZX}em| Ho$ àmdYmZm| H$m AZwnmbZ H$aVm h¡& `Ú{n, à{V^y{V H$s nwZ… IarX go g§~§{YV {H$gr boZ XoZ H$s AZwnpñW{V _| Ed§ g_rjm Ad{Y Ho$ Xm¡amZ Ag§n[adV©Zr` _moMZr` A{Y_mZr eo`am| Ho$ {ZJ©_ hoVw , `hm± C„opIV g§~§{YV àmdYmZm| Ho$ AZwnmbZ H$s Amdí`H$Vm Zht h¡&
I) `h gyMr~Õ BH$mB© BZHo$ AÝVJ©V Omar {H$E J`o Cnamoº$ {d{Z`_m| Ed§ n[anÌm|/ {Xem{ZX}em| Ho$ àmdYmZm| Ho$ VhV C{MV A{^boIm| H$m AZwajU H$aVm h¡ O¡gm {H$ h_mao Ûmam BZ A{^boIm| H$s Om±M _| {XIVm h¡&
J) go~r `m ñQ>m°H$ EŠgM|O Ûmam ( go~r Ûmam {d{^Þ n[anÌm| Ho$ O[a`o Omar {H$`o J`o _mZH$ n[aMmbZ à{H«$`m g{hV) BZHo$ VhV Omar Cnamoº$ A{Y{Z`_m|/{d{Z`_m| Ed§ n[anÌm|/{Xem{ZX}em| Ho$ AÝVJ©V Bg gyMr~Õ BH$mB©/BgHo$ g§ñWmnH$m|/{ZXoeH$m| ^m¡{VH$ AZwf§Jr BH$mB`m| Ho$ {déÕ H$moB© H$ma©dmB© H$s OmZo H$s Amdí`H$VmZht Wr&
K) My§{H$ Bg [anmoQ>© H$mo àñVwV H$aZo H$s Amdí`H$Vm hoVw A{YgyMZm Ho$ ~mX `h nhbr [anmo{Qª>J h¡, AV… {nN>br [anmoQ>© _| nmB© JB© H${_`m|
H$s AZwnmbZ g§~§Yr H$ma©dmB© H$s [anmo{Qª>J H$s Amdí`H$Vm Zht h¡&
H¥$Vo Ama.Eg. nm{S>`m EÊS> Egmo{g`oQ²g
H§$nZr g{Md
amOlr nm{S>`m
FCS: 6804; CP: 7488
{XZm§H$ : 10.05.2019
ñWmZ : _w§~B©
129ANNUAL REPORT 2018-19
Disclosures under the New Capital Adequacy Framework Guidelines Basel III (Pillar 3) for the year ended on 31st March, 2019 on a consolidated basis.
Pillar 3 disclosures for the year ended on 31st March, 2019 as per Basel III guidelines of RBI have been disclosed separately on the Bank’s website under ‘Regulatory Disclosures’ section on the home page. The link to this section is http://www.corpbank.com
The section contains the following disclosures:
• Basel III - Pillar III Disclosures for the year ended 31st March, 2019.
• Capital Composition and Reconciliation as on 31st March, 2019.
• Main features of Regulatory Capital Instruments as on 31st March, 2019.
• Leverage Ratio Disclosures as on 31st March, 2019.
• Liquidity Coverage ratio Disclosure for the year ended 31st March, 2019.
~ogb (ñV§^) 3 àH$QZBasel Pillar 3 Disclosures
ZE ny§Or n`m©ßVVm Tm§Mo g§~Yr {Xem{ZXo©e ~ogb III (ñV§^ 3) Ho VhV 31 _mM©, 2019 H$mo g_mßV df© hoVw g_o{H$V AmYma na àH$QZ&
^maVr` [aOd© ~¢H ~ogb III {Xem{ZXo©emo§ Ho AZwgma 31 _mM©, 2019H$mo g_mßV df© hoVw ñV§^ 3 H$m àH$QZ ~¢H H$s do~gmB©Q Ho _wI n¥îR> na “{d{Z`m_H àH$QZ’’ Ho VhV AbJ go àñVwV {H$`m J`m h¡& BgH$sqbH h¡: http://www.corpbank.com
Bg ^mJ _o§ {ZåZdV àH$QZ em{_b h¡ :
• ~ogb III - 31 _mM©, 2019 H$mo g_mßV df© hoVw ñV§^ III àH$QZ&
• `Wm 31 _mM©, 2019 H$mo ny§Or g§aMZm Am¡a g_mYmZ&
• `Wm 31 _mM©, 2019 H$mo {d{Z`m_H ny§Or {bIVmo§ H$s _w»`{deofVmE§&
• `Wm 31 _mM©, 2019 H$mo brdaoO AZwnmV àH$QZ&
• `Wm 31 _mM©, 2019 H$mo Mb{Z{Y H$daoO AZwnmV àH$QZ&
130
INDEPENDENT AUDITORS’ REPORTTo
The Members of Corporation Bank, Mangaluru
Report on Audit of the Standalone Financial Statements
Opinion
1. We have audited the Standalone Financial Statements of Corporation Bank (‘the Bank’), which comprise the Balance Sheet as at 31 March, 2019, the Statement of Profi t and Loss and the Statement of Cash Flows for the year then ended, and notes to Financial Statements including a summary of signifi cant accounting policies and other explanatory information in which are included returns for the year ended on that date of 20 branches audited by us and 1477 branches audited by statutory branch auditors. 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. Also included in the Balance Sheet, the Statement of Profi t and Loss and Statement of Cash Flows are the returns from 935 branches which have not been subjected to audit. These unaudited branches account for 5.33 percent of advances, 14.75 percent of deposits, 6.93 percent of interest income and 13.99 per cent 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 in the manner so required for bank and are in conformity with accounting principles generally accepted in India and give:
a. true and fair view in case of the Balance Sheet, of the state of affairs of the Bank as at 31st March, 2019;
b. true balance of Loss in case of Statement of Profi t and Loss for the year ended on that date; and
c. true and fair view in case of Statement of Cash Flows for the year ended on that date.
Basis for Opinion
3. We conducted our audit in accordance with the Standards on Auditing (SAs) issued by the Institute of Chartered Accountants of India (ICAI). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Bank in accordance with the code of ethics issued by the ICAI together with ethical requirements that are relevant to our audit of the Financial Statements in India, and we have fulfi lled our other ethical responsibilities in accordance with these requirements and the code of ethics. We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our opinion.
ñdV§Ì boIm narjH$mo§ H$s [anmoQ©godm _o§, gXñ`, H$mnmo©aoeZ ~¢H$, _§Jbyé
EH$b {dÎmr` {ddaUmo§ na [anmoQ©
A{^_V1. h_Zo H$mnmo©aoeZ ~¢H$ (VËnümV “~¢H$” H$hm J`m h¡) Ho$ g§b¾ EH$b {dÎmr`
{ddaUmo§ H$s boIm narjm H$s h¡, {OZ_o§ Wm 31 _mM© 2019 VwbZ-nÌ Am¡a Bgr {V{W H$mo g_mßV df© H$m bm^-hm{Z boIm Am¡a ZH$Xr àdmh {ddaU (`ËnümV² ""EH$b {dÎmr` {ddaU'' H$hm J`m h¡), VWm _hËdnyU© boIm-Zr{V`mo§ H$m gma Ed§ AÝ` ì`m»`mË_H$ gyMZm em{_b h¢& BZ EH$b {dÎmr` {ddaUmo§ _o§ h_mao Ûmam boIm nar{jV 20 emImAmo§ Am¡a gm§{d{YH$ emIm boIm-narjH$mo§ Ûmam boIm nar{jV 1477 emImAmo§/AÝ` H$m`m©b`mo§ H$mo em{_b {H$`m J`m h¡& ~¢H$ Zo, h_mao Ûmam boIm nar{jV emImAmo§ VWm AÝ` boIm narjH$mo§ Ûmam boIm nar{jV emImAmo§ H$m M`Z ^maVr` [aµOd© ~¢H$ Ûmam Omar _mJ©{ZXo©emo§ Ho$ AZwê$n {H$`m h¡& Bg VwbZ-nÌ Am¡a bm^-hm{Z _o§ 935 emImAmo§ H$s {dda{U`m± ^r em{_b h¢ {OZH$s boIm-narjm Zht H$s JB© h¡ Am¡a BZHo$ _m_bo _o§ h_Zo H$moB© boIm-narjm à{HŒ m Zht H$s h¡& BZ AboImnar{jV emImAmo§ _o§ A{JŒ_ H$m 5.33 à{VeV, O_mam{e`mo§ H$m 14.75 à{VeV, ã`mO Am` H$m 6.93 à{VeV VWm ã`mO ì`` H$m 13.99 à{VeV g_m{hV h¡&
2. h_mar am` _o§ Am¡a AnZr OmZH$mar Ed§ h_o§ {XE JE ñnîQrH$aU Ho$ AZwgma Cn`w©º EH$b {dÎmr` {ddaU ~¢qH$J {d{Z`_Z A{Y{Z`_, 1949 Ûmam Ano{jV OmZH$mar ~¢H$ H$mo XoVr h¡ Am¡a do gm_mÝ` ê$n go ^maV _o§ ñdrH¥ V boIm§H$Z {gÕm§Vmo§ Ho$ AZwê$n _o§ h¢ Am¡a gmW _o§ `h ^r àXmZ H$aVr h¢:H$. 31 _mM©, 2019 H$mo ~¢H$ Ho$ _m_bmo§ H$s pñW{V H$s ~¡bo§g erQ Ho$ _m_bo
_o§ gË` Ed§ ñnîQ pñW{V;
I. Cgr {XZ H$mo g_mßV df© H$s bm^ Am¡a hm{Z Ho$ {ddaU Ho$ _m_bo _o§ hm{Z
H$m dmñV{dH$ eof; VWm
J. Cgr {XZ H$mo g_mßV df© H$s ZH$Xr àdmh {ddaUr Ho$ _m_bo _o§ gË` Ed§
ñnîQ pñW{V&
A{^_V H$m AmYma 3. h_Zo ^maVr` gZXr boImH$ma g§ñWmZ (AmB©grEAmB©) Ho$ Ûmam Omar
boImnarjm Ho$ _mZH$mo§ (EEg) Ho$ AZwgma AnZr boImnarjm H$s h¡& CZ _mZH$mo§ Ho$ VhV AnZr {Oå_oXm[a`mo§ H$mo AmJo h_mar [anmoQ© Ho$ {dÎmr` {ddaU AZw^mJ H$s boImnarjm hoVw boImnarjH$ H$s {Oå_oXm[a`mo§ _o§ ~Vm`m Jm`m h¡& h_ AmB©grEAmB© Ho$ Ûmam Omar AmMma g§{hVm Ho$ AZwgma g_yh go ñdV§Ì h¢ Am¡a gmW hr Z¡{VH$ AnojmAmo§ H$mo ^r nyam H$aVo h¢ Omo ^maV _o§ AnZr {dÎmr` {ddaUmo§ H$s boImnarjm Ho$ {bE g§JV h¡ Am¡a h_Zo BZ AnojmAmo§ Am¡a AmMma g§{hVm Ho$ AZwgma h_mar AÝ` Z¡{VH$ CÎmaXm{`Ëdmo§ H$mo nyam {H$`m h¡& h_mam {dœmg h¡ {H$ Omo boImnarjm gmú` h_Zo àmßV {H$`m h¡, do h_mar A{^_V Ho$ {bE n`m©ßV Am¡a C{MV AmYma àXmZ H$aVm h¡&
131ANNUAL REPORT 2018-19
4. Emphasis of Matter
Without qualifying our conclusion, we draw attention to : i) Note No. 1 of Schedule 18-C regarding provisioning
made on NCLT accounts and provision made on Non-performing accounts.
ii) Note No. 8(C) of Schedule 18-B regarding non-recognition of Deferred Tax Asset on current year tax loss.
4. _m_bo H$m _hËd
AnZo {ZîH$f© na nhw±Mo {~Zm h_ {ZåZ{b{IV na Ü`mZ AmH${f©V H$aVo h¡…
i. EZgrEbQr ImVmo§ na {H$E JE àmdYmZ Am¡a J¡a-{ZînmXH$ ImVmo§ na {H$E
JE àmdYmZ Ho$ ~mao _o§ AZwgyMr 18-gr H$m ZmoQ Z§~a 1
ii. dV©_mZ df© H$s H$a hm{Z na AmñW{JV H$a AmpñV H$s J¡a-_mÝ`Vm Ho$
g§~§Y _o§ AZwgyMr 18-~r Ho$ ZmoQ 8 (gr)
5. boIm narjm H$s à_wI _Xo§ 5. Key Audit Matters
H«$. g§.Sl. No.
boIm narjm H$s à_wI _Xo§ Key Audit Matters
boImnarjH$mo§ H$m Odm~ Auditor’s Response
1 àmW{_H$Vm Am¡a J¡a àmW{_H$Vm joÌ _o§ A{JŒ_mo§ H$m dJr©H$aU ~¢H$ Zo boImnarjmYrZ df© Ho$ Xm¡amZ àmW{_H$Vm Am¡a J¡a àmW{_H$Vm joÌ Ho$ CYmaH$Vm©Amo§ Ho$ ImVmo§ H$m nwZ: dJr©H$aU {H$`m h¡&Classifi cation of Advances into Priority & Non Priority SectorBank has made re-classifi cation ofborrowers’ accounts between Priority & Non Priority Sector during the year under Audit.
h_Zo ~¢H$ Ûmam joÌdma dJr©H$aU H$s àUmbr H$s à^m{dH$Vm H$m _yë`m§H$Z {H$`m h¡& h_ joÌdma dJr©H$aU Ho$ {bE emIm Am¡a A§Mb {dda{U`mo§, emIm boIm narjH$mo§ H$s [anmoQ© na {Z^©a Wo& h_Zo joÌdma dJr©H$aU H$s [anmo{Q>ªJ H$s ewÕVm H$m {ZYm©aU H$aZo Ho$ {bE àmW{_H$Vm joÌ Ho$ dJr©H$aU _o§ CËnmX dma ImVmo§ H$m Z_yZm MwZm h¡& àmW{_H$Vm / J¡a-àmW{_H$Vm joÌ A{JŒ_mo§ H$s nhMmZ H$s àUmbr H$s g_rjm Am¡a nwZ_y©ë`m§H$Z H$aZo H$s Amdí`H$Vm h¡&We have assessed the effi cacy of the system of sector wise classifi cation by the bank.We relied on the branch and zonal returns, branch auditors reports for sector wise classifi cation.We have selected sample of product wise accounts in priority sector classifi cation to determine the correctness of reporting of sector wise classifi cation.The system of identifi cation of priority/non-priority sector advances needs review and revalidation.
2 gyMZm àm¡Úmo{JH$s àUmbr ({\ ZoH$b) AmYm[aV {dÎmr` [anmo{Q>ªJ à{HŒ m
~¢H$ H$moa ~¢qH$J gmoë`yeZ (gr~rEg) _o§ H$m_ H$a ahm h¡, n[aMmbZ Am¡a {dÎmr` [anmo{Q>ªJ à{HŒ mE§ ~‹Sr _mÌm _o§ boZXoZmo§ Ho$ {bE \Œ ÝQ EÝS Am¡a ~¡H$ EÝS _o§ AmB©Qr {gñQ_ na {Z^©a h¢& Information Technology System (Finacle) based Financial reporting process
The bank is operating under Core Banking Solution (CBS), the operational and Financial reporting processes are dependent on IT Systems for the large volume of transactions at the front end and at the back end.
h_ H$moa, ßb_, Am¡a Q—oµOar go àmßV OmZH$mar Am¡a SoQm H$s g_rjm Am¡a _yë`m§H$Z H$aHo$ h AmœñV H$aVo h¢ {H$ [anmoQ© {H$E JE {dÎmr` {ddaU C{MV Am¡a {dœgZr` h¢&
h_mao boImnarjm X¥pîQH$moU _o§ Am§V[aH$ {Z`§ÌU H$s n[aMmbZ à^mderbVm em{_b h¢& Omo {ZåZ{b{IV h¡…-
h_mao boImnarjm {ZåZ{b{IV H$mo naIZo Ho$ n[aàoú` _o§ H$s J`r h¡…We conducted a review and assessment of information and data derived from Core, PLUM and treasury to assure that the reported Financial Statements are proper and reliable.Our audit approach consisted of testing operating effectiveness of internal controls as follows:Obtaining and reviewed the IS Audit conducted during the year.
132
Responsibilities of Management and those charged with Governance for the Standalone Financial Statements
6. 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 fl ows 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 (the Act) 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 Management either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so.
H«$. g§.Sl. No.
boIm narjm H$s à_wI _Xo§ Key Audit Matters
boImnarjH$mo§ H$m Odm~ Auditor’s Response
~¢H$ Ho$ EH$sH¥ V Q—oµOar à~§YZ Ho$ {bE g{hV g^r boZXoZmo§ Ho$ {bE H$moa ~¢qH$J _o§ à^mdr SoQm H¡ ßMqaJ Am¡a [anmo{Q>ªJ Ho$ {bE ~ZmE JE n`m©ßV Om±M, eof, à{HŒ mE± Am¡a {Z`§ÌU em{_b h¢&Core banking for all transactions including for integrated treasury management of the bank has adequate checks, balances, processes and controls designed for the effective data capturing and reporting.
df© Ho$ Xm¡amZ Am`mo{OV AmB©Eg boImnarjm àmßV H$aZm Am¡a CgH$s g_rjm H$aZm& ~¢H$ Ho$ AmB©Qr {Z`§ÌU n[adoe, AmB©Qr Zr{V`mo§ Am¡a ~moS© Ho$ gm_Zo aIo JE ZmoQmo§ g{hV boImnarjm Ad{Y Ho$ Xm¡amZ _hËdnyU© n[adV©Zmo§ go gh_{V &
~¢H$ Ho$ à_wI AmB©Qr àUm{b`mo§ na gm_mÝ` AmB©Qr {Z`§ÌUmo§ Ho$ {SOmBZ, H$m`m©Ýd`Z Am¡a n[aMmbZ à^m{dH$Vm H$s g_rjm H$s, Omo Z_yZm Om±M AmYma na {dÎmr` [anmoqQ©J Ho$ {bE _hËdnyU© h¢ &
boIm narjm Ho$ {bE Cn`wº à_wI ñdMm{bV Ed§ _¡ZwAb H$mamo~ma MHŒ {Z`§ÌUmo§ Am¡a {gñQ_ Ûmam l¥{OV [anmoQmoª H$s narjU H$s Om±M H$s&Obtaining an understanding of the Bank’s IT Control environment, IT Policies and key changes during the audit period including the notes placed before the Board.
Reviewed the design, implementation and operating effectiveness of the Bank’s General IT controls over key IT systems that are critical to Financial reporting on test check basis.
Test checked key automated and manual business cycle controls and system generated reports relevant to audit.
g_o{H$V {dÎmr` {ddaUmo§ Ho$ {bE Am¡a A{^emgZ na à~§YZ Ho$ Xm{`Ëd
6. ~¢H$ Ho$ {ZXoeH$ _§Sb H$m BZ g_o{H$V {dÎmr` {ddaUmo§, Omo AmB©grEAmB© Ûmam Omar boIm§H$Z _mZH$mo§ g{hV ^maV _o§ gm_mÝ` ê$n go ñdrH¥ V boIm§H$Z {gÕm§Vmo§ VWm ~¢qH$J {d{Z`_Z A{Y{Z`_, 1949 H$s Ymam 29 Ho$ àmdYmZmo§ Ed§ g_` g_` na ^maVr` [aµOd© ~¢H$ (Ama~rAmB©) Ûmam Omar n[anÌmo§ d {Xem{ZXo©emo§ Ho$ AZwgma JŒwn H$s {dÎmr` pñW{V, {dÎmr` {ZînmXZ Am¡a ZH$Xr àdmh H$m ghr C{MV pñW{V Xem©Vr h¡, H$mo V¡`ma H$aZo Ho$ {bE {Oå_oXma h¡& Bg {Oå_oXmar _o§ g_yh H$s AmpñV`mo§ H$s gwajm Ho$ {bE Am¡a H$nQ Ed§ AÝ` A{Z`{_VVmAmo§ H$mo amoH$Zo d CgH$m nVm bJmZo Ho$ {bE A{Y{Z`_ Ho$ àmdYmZmo§ Ho$ AZwgma n`m©ßV boIm§H$Z [aH$mS© H$m aIaImd; C{MV boIm§H$Z Zr{V`mo§ H$m M`Z Am¡a H$m`m©Ýd`Z; {ZU©` Am¡a AmH$bZ H$aZm Omo C{MV Am¡a {ddoH$nyU© h¢; Am¡a n`m©ßV Am§V[aH$ {dÎmr` {dda{U`mo§ H$s ê$naoIm ~ZmZm, H$m`m©Ýd`Z Am¡a aIaImd, Omo {H$ boIm§H$Z Ho$ [aH$mS© H$s gQrH$Vm Am¡a nyU©Vm gw{Z{üV H$aZo Ho$ {bE à^mdr T§J go H$m`© H$aVo h¢ Omo {dÎmr` {ddaUmo§ H$s V¡`mar Am¡a àñVw{V Ho$ {bE g§JV h¡ Am¡a ghr Am¡a C{MV pñW{V Xem©Zodmbr h¡ Am¡a Mmho H$nQ m Ìw{Q Ho$ H$maU hmoZo dmbr Jb` ~`mZmo§ go _wº h¡, ^r em{_b h¡& {dÎmr` {ddaUmo§ H$s V¡`mar _o§, à~§YZ, H$m`©erb g§ñWm Ho$ ê$n _o§ ~Zo ahZo, `Wm bmJy, H$m`©erb g§ñWm go Ow‹Sr _m_bmo§ H$m àH$QZ H$aZo VWm O~ VH$ à~§YZ g_yh H$m n[ag_mnZ, g§MmbZ amoH$Zm Zht MmhVm h¡ `m Eogm H$aZo Ho$ {bE H$moB© dmñV{dH$ {dH$ën Zht h¡, V~ VH$ H$m`©erb g§ñWm AmYma na boIm§H$Z H$m Cn`moJ H$aZo H$s JŒwn H$s j_Vm H$m _yë`m§H$Z H$aZo Ho$ {bE CÎmaXm`r h¡&
133ANNUAL REPORT 2018-19
{dÎmr` {ddaUmo§ H$s boIm narjm Ho$ {bE boIm narjH$ H$s {Oå_oXm[a`m±
7. h_mam CÔoí` Bg ~mao _o§ C{MV AmœmgZ àmßV H$aZm h¡ {H$ {dÎmr` {ddaU Mmho H$nQ `m Ìw{Q Ho$ H$maU hmoZo dmbr JbV ~`mZmo§ go nyU© ê$n go _wº h¡ Am¡a boImnarjH$mo§ H$s [anmoQ© em{_b H$aZm h¡ {Og_o§ h_mam A{^_V ^r em{_b h¢& C{MV AmœmgZ CÀM ñVar` AmœmgZ h¡, na§Vw `h Jma§Qr Zht h¡ {H$ EgE Ho$ AZwgma H$s J`r boImnarjm _o§ JbV ~`mZ hmoZo na CgH$m nVm bJm`m OmEJm& & JbV ~`mZ H$nQ `m Ìw{Q Ho$ H$maU hmo gH$Vr h¡ Am¡a Bg {dÎmr` {dda{U`mo§ Ho$ AmYma na Cn`moº m Ho$ {dÎmr` {ZU©`mo§ na ì`{º JV ê$n go `m g_JŒ ê$n go à^m{dV H$aVm h¡ Vmo Cgo J§^ra _mZm OmEJm& EgEEg Ho$ AZwgma boImnarjm Ho$ ^mJ Ho$ ê$n _o§, h_Zo noeoda {ZU©` {b`m h¢ Am¡a nyao boImnarjm _o§ noeoda g§e`mË_H$Vm H$mo ~ZmE aIm&
h_Zo {ZåZ H$m`© ^r {H$`m h¡ :
• {dÎmr` {ddaUmo§ _o§ à_wI ê$n go JbV ~`mZ, Mmho do H$nQ `m Ìw{Q Ho$ H$maU hmo§, Ho$ Omo{I_mo§ H$s nhMmZ Am¡a CZH$m AmH$bZ H$aVo h¢, CZ Omo{I_mo§ Ho$ {bE boImnarjm àUmbr V¡`ma H$aVo h¢ Am¡a H$m`m©pÝdV H$aVo h¢ VWm h_mao A{^_V Ho$ AmYma ~ZZo Ho$ {bE n`m©ßV Am¡a C{MV boImnarjm gmú` àmßV {H$`m h¡& H$nQ Ho$ H$maU hmoZo dmbr Jb` ~`mZ H$m nVm Zht bJmZo H$m Omo{I_ Ìw{Q Ho$ H$maU hmoZodmbr Omo{I_ go A{YH$ hmoVm h¡ Š`mo§{H$ YmoImY‹Sr _o§ {_br^JV, OmbgmOr, OmZ~yÂmH$a MyH$, JbV ~`mZr, `m Am§V[aH$ {Z`§ÌU H$m C„§KZ em{_b hmo gH$Vm h¡&
• Cn`moJ H$s JB© boIm§H$Z Zr{V`mo§ H$s Cn`wº Vm Am¡a à~§YZ Ûmam {H$E JE boIm§H$Z AmH$bZmo§ Am¡a g§~§{YV àH$QZmo§ H$s {dœgZr`Vm H$m _yë`m§H$Z {H$`m h¡&
• h_ à~§YZ H$s Mmby boIm§H$Z AmYmamo§ Ho$ Cn`moJ H$s Cn`wº Vm Am¡a àmßV boImnarjm gmú` Ho$ AmYma na Š`m Eogr KQZm `m pñW{V`mo§ go g§~§{YV H$moB© _hËdnyU© A{Z{üVVm _m¡OyX h¡ Omo ~¢H$ H$s j_Vm na _hËdnyU© g§Xoh n¡Xm H$aVr h¡, na {ZîH$f© {ZH$mbVo h¡ & `{X h_ `h {ZîH$f© {ZH$mbVo h¢ {H$ H$moB© _hËdnyU© A{Z{üVVm {dÚ_mZ h¡, Vmo h_o§ AnZo boIm narjH$ H$s [anmoQ© _o§ {dÎmr` {ddaUmo§ _o§ g§~§{YV àH$QZmo§ na Ü`mZ AmH${f©V H$aZm hmoJm `m `{X Bg Vah Ho$ àH$QZ An`m©ßV h¢, Vmo h_mao A{^_V H$mo g§emo{YV H$aZm h¡& h_mao {ZîH$f© h_mao boIm narjH$ H$s [anmoQ© H$s VmarI VH$ àmßV boImnarjm gmú` Ho$ AmYma na h¡& VWm{n, ^{dî` _o§ hmoZo dmbr KQZmAmo§ `m pñW{V`mo§ go ~¢H$ H$mo H$m`©erb g§ñWm Ho$ ê$n _o§ ~Zo ahZm g_mßV hmo gH$Vm h¡&
• àH$QZ g{hV {dÎmr` {ddaUmo§ H$s g_JŒ àñVw{V, g§aMZm Am¡a {df`dñVw H$m _yë`m§H$Z {H$`m h¡ Am¡a Š`m {dÎmr` {ddaU A§V{Z©{hV boZXoZ Am¡a KQZmAmo§ H$mo Bg Vah go Xem©Vo h¢ Omo C{MV àñVw{V H$a gH$Vo h¢&
h_ AÝ` _m_bmo§ Ho$ gmW A{^emgZ go Ow‹So `moOZm~Õ H$m`©joÌ Am¡a boImnarjm H$m g_` VWm Am§V[aV {Z`§ÌUmo§ _o§ nmB© JB© C„oIZr` H${_`mo§ g{hV boImnarjm {ZîH$f© Ho$ ~mao _o§ gy{MV H$aVo h¢&
Auditor’s Responsibilities for the Audit of the Financial Statements
7. 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 auditor’s 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 infl uence the economic decisions of users taken on the basis of these 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 suffi cient 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 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 signifi cant 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 auditor’s 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 auditor’s 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.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and signifi cant audit fi ndings, including any signifi cant defi ciencies in internal control that we identify during our audit.
134
h_ CZ bmoJmo§ H$mo Omo A{^emgZ Ho$ {bE CÎmaXm`r h¡, {ddaU Ho$ gmW h gy{MV H$aVo h¢ {H$ h_Zo ñdV§ÌVm Ho$ g§~§Y _o§ g§JV Z¡{VH$ Amdí`H$VmAmo§ H$m AZwnmbZ {H$`m h¡, Am¡a CZ g^r g§~§Y Ed§ AÝ` _m_bmo§ Ho$ ~mao _o§ ^r gy{MV {H$`m h¡, {Og_o§ g_w{MV ê$n go h_mar ñdV§ÌVm Am¡a Ohm± bmJy h¡, g§~§{YV gwajm, H$mo à^m{dV H$a gH$Vm h¡&
A{^emgZ Ho$ Ow‹Sr ~mVmo§ H$mo g§gy{MV _m_bmo§ go, h_ CZ _m_bmo§ H$mo {ZYm©[aV H$aVo h¢ Omo dV©_mZ Ad{Y Ho$ {dÎmr` {ddaUmo§ H$s boImnarjm _o§ g~go A{YH$ _hËd aIVo h¢ Am¡a Bg{bE do boImnarjm g§~§Yr à_wI _m_bo h¢& h_ AnZo boImnarjH$ H$s [anmoQ© _o§ BZ _m_bmo§ H$mo V^r àñVwV H$aVo h¢ O~ H$mZyZ `m {d{Z`_Z Bg _m_bo Ho$ ~mao _o§ gmd©O{ZH$ àH$QrH$aU Ho$ {bE amoH$ Zht bJmVm h¡ `m AË`§V {deof n[apñW{V`mo§ _o§, h_ `h {ZU©` boVo h¢ {H$ h_mar [anmoQ© _o§ {H$gr _m_bo H$mo àH$Q Zht {H$`m OmZm h¡ Š`mo§{H$ Eogm H$aZo Ho$ à{VHy b n[aUm_ gmd©O{ZH$ {hV Ho$ {déÕ hmo gH$Vr h¡&
AÝ` _m_bo 8. h_Zo 2412 emImAmo§, {Og_o§ gm§{d{YH$ boImnarjH$mo§ Ûmam
boImnmar{jV 1477 emImE± Am¡a AboImnar{jV 935 emImE± h¡, {OgH$s {dÎmr` {ddaUr _o§ 31 _mM©, 2019 H$mo Hw b AmpñV`m± 168647.62 H$amo‹S h¡ Am¡a Cgr {XZ H$mo g_mßV df© Ho$ {bE Hw b amOñd 8666.43 H$amo‹S h¡ O¡go {H$ ~¢H$ Ho$ EH$b {dÎmr` {dda{U`mo§ _o§ em{_b h¢, H$s {dÎmr` {dda{U`mo§ H$s boImnarjm Zht H$s h¡& 1477 emImAmo§ H$s {dÎmr` {dda{U`m± emIm boImnarjH$mo§ Ûmam boImnar{jV h¡, {Ogo h_o§ CnbãY H$amB© JB© h¡ Am¡a h_mar am` _o§ emIm go g§~§{YV am{e Am¡a àH$QZmo§ H$m g§~§Y h¡, dh Eogr emIm boImnarjH$mo§ H$s [anmoQ© Ho$ AmYma na h¡&
Bg _m_bo Ho$ g§~§Y _o§ h_mar am` _o§ g§emoYZ Zht h¡&
AÝ` {d{YH$ Ed§ {Z`m_H$ Amdí`H$VmE±: 9. VwbZ nÌ Am¡a bm^ hm{Z boIm ImVm ~¢qH$J {d{Z`_Z A{Y{Z`_,
1949 H$s Ymam 29 Ho$ AZwgma V¡`ma {H$`m J`m h¡&
10. Cn`w©º 6 go 8 VH$ Ho$ n¡amJŒm\ _o§ ~VmB© JB© gr_mAmo§ VWm ~¢qH$J H§ nZr (CnHŒ _mo§ H$m AO©Z Ed§ A§VaU) A{Y{Z`_, 1970/1980 Ûmam Ano{jVmZwgma, Am¡a CZ_o§ Ano{jV àH$QZmo§ H$s gr_mAmo§ Ho$ ^r AYrZ, h_ [anmoQ© H$aVo h¢ {H$…
H) h_Zo Eogr g^r gyMZm Ed§ ñnîQrH$aU àmßV {H$E h¢ Omo h_mar A{YH$V_ OmZH$mar Ed§ {dœmg _o§ h_mar boIm-narjm Ho$ {bE Amdí`H$ Wo Am¡a CÝho§ g§VmofOZH$ nm`m h¡;
I). ~¢H$ Ho$ Omo boZXoZ h_mao Ü`mZ _o§ AmE, do ~¢H$ Ho$ A{YH$mamo§ Ho$ ^rVa Wo; Am¡a
J) ~¢H$ Ho$ H$m`m©b`mo§ Am¡a emImAmo§ go àmßV {dda{U`m± h_mar boIm-narjm Ho$ {bE n`m©ßV nmB© JB© h¢&
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 signifi cance in the audit of the Financial Statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s 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 benefi ts of such communication.
Other Matter
8. We did not audit the Financial Statements of 2412 branches, comprising of 1477 branches audited by Statutory Branch Auditors and 935 unaudited branches, included in the Standalone Financial Statements of the Bank whose Financial Statements refl ect total assets of `168647.62 crore as at 31st March 2019 and Total Revenue of `8666.43 crore for the year ended on that date, as considered in the Standalone Financial Statements. The Financial Statements of 1477 branches have been audited by the 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 on the report of such branch auditors.
Our opinion is not modifi ed in respect of this matter.
Report on Other Legal and Regulatory Requirements 9. The Balance Sheet and the Profi t and Loss Account have
been drawn up in accordance with Section 29 of the Banking Regulation Act, 1949.
10. Subject to the limitations of the audit indicated in paragraphs 6 to 8 above and as required by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, 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 offi ces and branches of the Bank have been found adequate for the purposes of our audit.
135ANNUAL REPORT 2018-19
H¥$Vo XÎmm qgJbm EÊS H§ . gZXr boImH$ma
E\$AmaEZ-006185EZ
H¥$Vo E. Ho . g~V EÊS H§ . gZXr boImH$ma
E\$AmaEZ-321012B©
H¥$Vo à_moX EÊS Egmo{gEQ²g gZXr boImH$ma
E\$AmaEZ-001557gr
(grE g§Ord AJ«dmb)gmÂmoXma
gXñ` g§.503932
(grE E. Ho . g~V)gmÂmoXma
gXñ` g§. 30310
(grE a{dÝÐ amZrdmbm)gmÂmoXma
gXñ` g§. 073191
H¥$Vo MÝÐZ EÊS a_Z gZXr boImH$ma
E\$AmaEZ-000571Eg
(H¥$Vo Eg. am_mZ§X Aæ`a EÊS H§ .) gZXr boImH$ma
E\$AmaEZ-000990EZ
(grE Eg.Or. H$ë`mUa_U)gmÂmoXma
gXñ` g§.10652
(grE {~ZmoX gr. _hmamUm)gmÂmoXma
gXñ` g§.056373
ñWmZ … _§Jbyé{XZm§H$ … 17 _B©, 2019
For Datta Singla & Co.Chartered Accountants
FRN - 006185N
For A. K. Sabat & Co.Chartered Accountants
FRN - 321012E
For Pramod & AssociatesChartered Accountants
FRN - 001557C
[CA Sanjeev Aggarwal]Partner
Membership No. 503932
[CA A. K. Sabat ]Partner
Membership No. 30310
[CA Ravindra Raniwala]Partner
Membership No. 073191
For Chandran & RamanChartered Accountants
FRN - 000571S
For S. Ramanand Aiyar & Co.Chartered Accountants
FRN: 000990N
[CA S. G. Kalyanaraman]Partner
Membership No. 10652
[CA Binod C. Maharana]Partner
Membership No. 056373
Place : MangaluruDate : 17 May, 2019
11. h_ AmJo [anmoQ© H$aVo h¢ {H$…H$) h_mar am` _o§ h_mar boImnarjm Ho$ {bE h_mao Ûmam Xm¡am Zht H$s
JB© emImAmo§ go àmßV Cº ~{h`mo§ VWm C{MV {dda{U`mo§ H$s Om±M go àVrV hmoVm h¡ {H$ ~¢H$ Zo {d{Y Ûmam Ano{jVmZwgma C{MV boIm ~{h`m± aIr h¡;
I) Cº [anmoQ© _o§ em{_b VwbZnÌ, bm^ hm{Z {ddaU Am¡a ZH$Xàdmh {ddaUr boIm ~{h`mo§ go Am¡a h_mao Ûmam Xm¡am Zht H$s JB© emImAmo§ go àmßV {dda{U`mo§ go _ob aIVo h¢;
J) ~¢H$ {d{Z`_Z A{Y{Z`_, 1949 H$s Ymam 29 Ho$ VhV ~¢H$ Ho$ emIm boImnarjH$mo§ Ûmam nar{jV emIm H$m`m©b`mo§ Ho$ boImo§ H$s [anmoQ© h_o§ ào{fV H$s J`r Am¡a Bg [anmoQ© H$mo V¡`ma H$aZo _o§ h_Zo CgH$m Cn`moJ {H$`m h¡; Am¡a
K) h_mar am` _o§, VwbZ nÌ, bm^ hm{Z ImVm ZH$Xr àdmh {ddaU bmJy boIm _mZH$mo§ H$m, Bg gr_m VH$ {H$ do Ama~rAmB© Ûmam {ZYm©[aV boIm§H$Z Zr{V`mo§ Ho$ {déÕ Zht h¡, AZwnmbZ H$aVo h¢&
11. We further report that:a) in our opinion, proper books of account as required
by law have been kept by the Bank so far as it appears from our examination of those books and proper returns adequate for the purposes of our audit have been received from branches not visited by us;
b) the Balance Sheet, the Profi t and Loss Account and the Statement of Cash Flows dealt with by this report are in agreement with the books of account and with the returns received from the branches not visited by us;
c) the reports on the accounts of the branch offi ces audited by branch auditors of the Bank under Section 29 of the Banking Regulation Act, 1949 have been sent to us and have been properly dealt with by us in preparing this report; and
d) In our opinion, the Balance Sheet, the Profi t and Loss Account and the Statement of Cash Flows comply with the applicable accounting standards, to the extent they are not inconsistent with the accounting policies prescribed by RBI.
136
H$mnm}aoeZ ~¢H$ CORPORATION BANK31 _mM©, 2019 H$s pñW{V H$m EH$b VwbZ-nÌ STANDALONE BALANCE SHEET AS ON 31st MARCH, 2019
(` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARSAZwgyMr g§.Schedule
No.
`Wm As on31.03.2019
`
`Wm As on31.03.2018
`
ny±Or Am¡a Xo`VmE± CAPITAL AND LIABILITIES
ny±Or Capital 1 1198,83,68 333,10,97
Am~§Q>Z hoVw b§{~V eo`a AmdoXZ am{e/Share Application Money Pending Allotment – –
Ama{jV {Z{Y`m± Ed§ A{Yeof Reserves and Surplus 2 15366,02,45 10512,74,23
O_mam{e`m± Deposits 3 184567,84,45 183315,94,99
CYma am{e`m± Borrowings 4 8394,25,52 22171,13,35
AÝ` Xo`VmE± VWm àmdYmZ Other Liabilities and Provisions 5 4050,89,28 5558,37,00
`moJ TOTAL 213577,85,38 221891,30,54
AmpñV`m± ASSETS
ZH$Xr Ed§ ^maVr` [aµOd© ~¢H$ _| eof Cash and Balances with Reserve Bank of India 6 9661,06,85 11140,15,36
~¢H$m| _| eof VWm _m±J Ed§ Aën gyMZm na YZ Balances with Banks and Money at Call and Short Notice
7 2907,96,58 177,52,65
{Zdoe Investments 8 59979,19,81 70349,75,60
A{J«_ Advances 9 121251,20,92 119868,83,71
ñWmB© AmpñV`m± Fixed Assets 10 1421,84,82 1229,21,10
AÝ` AmpñV`m± Other Assets 11 18356,56,40 19125,82,12
`moJ TOTAL 213577,85,38 22,1891,30,54
AmH$pñ_H$ Xo`VmE± Contingent Liabilities 12 62625,62,97 87356,57,84
dgybr hoVw {~b Bills for Collection 13747,30,85 13893,39,89
_hËdnyU© boIm Zr{V`m± Signifi cant Accounting Policies 17
boIm g§~§Yr {Q>ßn{U`m± Notes on Accounts 18
CnamoŠV d{U©V AZwgy{M`m± VwbZ nÌ H$m A{^ÝZ ^mJ h§¡& The schedules referred to above form an integral part of Balance Sheet.
[nr.dr.^maVr]à~§Y {ZXoeH$ Ed§ grB©Amo [Jmonmb _wabr ^JV]H$m¶©nmbH {ZXoeH[{~énmj {_lm] H m`©nmbH {ZXoeH [dr. _wÎmwH¥ îUZ] _hmà~§YH
[kmZ a§OZ gma§Jr]Cn _hm à~§YH[gw^mf Hw _ma Ho ed] Cn _hmà~§YH
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H¥$Vo XÎmm qgJbm EÊS H§ .gZXr boImH ma FRN-006185N(grE g§Ord AJ«dmb)gmÂmoXma gXñ` g§.503932
H¥$Vo E. Ho . g~V EÊS H§ . gZXr boImH ma FRN-321012E
(grE E. Ho . g~V)gmÂmoXma gXñ` g§. 30310
H¥$Vo à_moX EÊS Egmo{gEQ²g gZXr boImH ma FRN-001557 C
(grE a{d§Ð amZrdmbm)gmÂmoXma gXñ` g§. 073191
H¥$Vo M§ÐZ EÊS> a_ZgZXr boImH$ma FRN-000571S
(grE Eg.Or. H$ë`mUa_U)gmPoXma gXñ`Vm g§.10652
H¥$Vo Eg. am_mZ§X Aæ`a EÊS> H§$.gZXr boImH$ma FRN-000990N
(grE {~ZmoX gr. _hmamUm)gmPoXma gXñ`Vm g§.056373
h_mar g_{XZm§{H$V [anmoQ>© Ho$ AZwgma
137ANNUAL REPORT 2018-19
31 _mM©, 2019 H$mo g_mßV df© Ho$ {bE EH$b bm^ d hm{Z boImSTANDALONE PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2019
(` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARSAZwgyMr g§.Schedule
No.
31.03.2019 H$mo g_mßV df©
Year ended on31.03.2019
`
31.03.2018 H$mog_mßV df©
Year ended on31.03.2018
`
I. Am` INCOME
A{O©V ã`mO Interest earned 13 15622,63,03 17628,33,27
AÝ` Am` Other income 14 1872,06,87 2313,08,08
`moJ TOTAL 17494,69,90 19941,41,35
II. ì`` EXPENDITURE
ì`` {H$`m J`m ã`mO Interest Expended 15 10114,16,60 12790,10,86
n[aMmbZ ì`` Operating Expenses 16 3486,06,80 3200,88,85
àmdYmZ Ed§ AmH$pñ_H$VmE± Provisions and Contingencies 10227,44,79 8004,35,95
`moJ TOTAL 23827,68,19 23995,35,66
III. df© hoVw {Zdb bm^/(hm{Z)>NET PROFIT/(LOSS) FOR THE YEAR (6332,98,29) (40,539,431)
IV. {d{Z`moJ (go/H$mo) APPROPRIATIONS (From/To)
gm§{d{YH$ Ama{jV {Z{Y`m| _| AÝVaU Transfer to Statutory Reserves - -
ñQ>m\$ H$ë`mU {Z{Y _| AÝVaU Transfer to Staff Welfare Fund - -
{Zdoe Ama{jV {Z{Y _| AÝVaU Transfer to Investment Reserve - (106,81,61)
ny±Or Ama{jV {Z{Y _| AÝVaU Transfer to Capital Reserve - - {deof Ama{jV {Z{Y _| AÝVaU Transfer to Special Reserves - - gm_mÝ` Ama{jV {Z{Y _| AÝVaU Transfer to General Reserves - -
àXÎm A§V[a_ bm^m§e Interim Dividend Paid - -
àñVm{dV bm^m§e Proposed Dividend - -
àXÎm A§V[a_ bm^m§e na H$a Tax on Interim Dividends paid - - VwbZ nÌ _| bo Om`m J`m eof Balance carried over to B/S (63,329,829) (3947,12,70)
`moJ TOTAL (63,329,829) (4053,94,31)
à{V eo`a AO©Z Earning per Share (`) (30.06) (35.30)
CnamoŠV d{U©V AZwgy{M`m± bm^ Ed§ hm{Z ImVm H$m A{^ÝZ ^mJ h§¡& The schedules referred to above form an integral part of Profi t and Loss Account.
As per our Report of even date[P. V. Bharathi]Managing Director &Chief Executive Offi cer[Gopal Murli Bhagat]Executive Director[Birupaksha Mishra]Executive Director[V. Muthukrishnan]General Manager[Gyana Ranjan Sarangi]Deputy Gen. Manager(Subhash Kumar Keshav)Deputy Gen. ManagerPlace : MangaluruDate : 17 May, 2019
DirectorsManish GuptaP. K. PandaK. Srinivasa MurthyM. Bhagavantha RaoPradeep Kumar JainChitra Gouri Lal
For Datta Singla & Co. Chartered Accountants FRN-006185N[CA Sanjeev Aggarwal] (M. No. 503932) Partner
For A. K. Sabat & Co.Chartered Accountants FRN-321012E[CA A. K. Sabat](M. No. 30310) Partner
For Pramod & Associates Chartered Accountants FRN-001557C [CA Ravindra Raniwala](M. No. 073191) Partner
For Chandran & RamanChartered Accountants FRN-000571S[CA S.G. Kalyanaraman](M. No. 10652) Partner
For S. Ramanand Ayar & Co. Chartered Accountants FRN-000990N [CA Binod C Maharana](M. No. 056373) Partner
138
VwbZ nÌ _| g§b¾ AZwgy{M`m±SCHEDULES ANNEXED TO BALANCE SHEET
(` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARS`Wm As on
31.03.2019 `Wm As on31.03.2018
` ` ` `
AZwgyMr 1 – n±yOr SCHEDULE 1 – CAPITAL
àm{YH¥$V n±yOr AUTHORISED CAPITAL
àË`oH$ `2 Ho$ 1500,00,00,000 B©pŠdQ>r eo`a 1500,00,00,000 Equity Shares of `2 each 3000,00,00 3000,00,00
{ZJ©{_V Ed§ A{^XÎm n±yOr ISSUED & SUBSCRIBED CAPITAL
àË`oH$ `2 Ho$ 599,41,84,034 B©pŠdQ>r eo`a (JV df© àË`oH$ `2 Ho$166,55,48,619 B©pŠdQ>r eo`a)
599,41,84,034 Equity Shares of `2 each (Previous year 166,55,48,619 Equity Shares of `2 each)
àma§{^H$ eof Opening Balance 333,10,97 229,41,13
df© Ho$ Xm¡amZ n[adY©Z/(OãVr) Addition/(Forfeited) during the year 865,72,71 1198,83,68 103,69,84 333,10,97
àXÎm n±yOr PAID-UP CAPITAL
H$) H|$Ð gaH$ma Ûmam Ym[aVàË`oH$ `2 Ho$ 560,47,99,271 B©pŠdQ>r eo`a (JV df© àË`oH$ `2 Ho$133,02,04,426 B©pŠdQ>r eo`a)
a) Held by Central Government 560,47,99,271 Equity Shares of `2 each (Previous year 133,02,04,426 Equity Shares of `2 each)
1120,95,99 266,04,09
I) OZVm d AÝ` Ûmam Ym[aVàË`oH$ `2 Ho$ 38,93,84,763 B©pŠdQ>r eo`a (JV df© àË`oH$ `2 Ho$33,53,44,193 B©pŠdQ>r eo`a)
b) Held by the Public & Others 38,93,84,763 Equity Shares of `2 each (Previous Yr. 33,53,44,193
Equity Shares of `2 each)
77,87,70 67,06,88
`moJ TOTAL 1198,83,68 333,10,97
AZwgyMr 2 – Ama{jV {Z{Y`m± Am¡a A{Yeof SCHEDULE 2 – RESERVES AND SURPLUS
I. gm§{d{YH$ Ama{jV {Z{Y`m± Statutory Reserves
àmapå^H$ eof Opening Balance 3368,88,47 3368,88,47
bm^ go {d{Z`moJ Appropriation from Profi t – –
{Zdoem| na _yë`õmg Ho$ A{V[aŠV àmdYmZ go {d{Z`moJ Appropriation from excess Provision of Depreciation on Investments – –
{Zdoe CVma-M‹T>md Ama{jV {Z{Y go A§VaU Transfer from Investment Fluctuation Reserve
–3368,88,47
–3368,88,47
139ANNUAL REPORT 2018-19
II. n±yOr Ama{jV {Z{Y`m± Capital Reserves àmapå^H$ eof Opening Balance 1175,22,00 1175,22,00 df© Ho$ Xm¡amZ n[adY©Z Additions during the year – –
– 1175,22,00 – 1175,22,00
III. eo`a àr{_`_ Share Premium àmapå^H$ eof Opening Balance 5170,29,94 3086,99,78 df© Ho$ Xm¡amZ n[adY©Z Additions during the year 10911,64,57 2083,30,16 – 16081,94,51 – 5170,29,94IV. amOñd Am¡a AÝ` Ama{jV {Z{Y`m±
Revenue & Other Reserves H$) amOñd Ama{jV {Z{Y a) Revenue Reserve àmapå^H$ eof Opening Balance 3112,78,74 3095,47,45
df© Ho$ Xm¡amZ n[adY©Z Additions during the year 19,25,54 17,31,28
3132,04,27 3112,78,73 df© Ho$ Xm¡amZ H$Q>m¡Vr Deductions during the year – 3132,04,27 – 3112,78,73 I) {deof Ama{jV {Z{Y b) Special Reserve àmapå^H$ eof Opening Balance 1430,75,89 1430,75,89 df© Ho$ Xm¡amZ n[adY©Z Additions during the year – –
df© Ho$ Xm¡amZ H$Q>m¡Vr Deductions during the year – 1430,75,89 – 1430,75,89
J) \$maoŠg ñd¡n na {deof Ama{jV {Z{Y bm^ c) Special Reserve Profi t on Fx Swap àmapå^H$ eof Opening Balance 5,84,85 5,84,85 df© Ho$ Xm¡amZ n[adY©Z Additions during the year – –
df© Ho$ Xm¡amZ H$Q>m¡Vr Deductions during the year – 5,84,85 – 5,84,85
K) {Zdoe Ama{jV {Z{Y d) Investment Reserve
àmapå^H$ eof Opening Balance – 106,81,61
bm^-hm{Z {d{Z`moJ ImVo go A§VaU Transfer from Profi t and Loss Appropriation Account –
-106,81,61 –
V. n[aga Ho$ nwZ_y©ë`m§H$Z hoVw Ama{jV {Z{Y
Reserve for Revaluation of Premisesàmapå^H$ eof Opening Balance 646,81,55 663,27,86df© Ho$ Xm¡amZ n[adY©Z Additions during the year 274,61,95 –KQ>mE±: df© Ho$ Xm¡amZ AmhaULess : Withdrawal during the year 19,25,54 902,17,96 16,46,31 646,81,55
VI. bm^ d hm{Z ImVo _| eof Balance in Profi t & Loss A/c
(10730,85,49) (43,978,720)
Hw$b TOTAL (I+II+III+IV+V+VI) 15366,02,45 10512,74,23
AZwgyMr-2 SCHEDULE – 2 (H«$_e: Contd.) (` 000’s hQ>mH$a Omitted)
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`Wm As on 31.03.2018
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140
AZwgyMr 3 – O_mam{e`m±
SCHEDULE 3 – DEPOSITS
H$. A. I. _m±J O_mam{e`m± Demand Deposits
i) ~¢H$m| go From Banks 31,69,15 22,71,85
ii) AÝ`m| go From Others 16168,06,59 14675,99,02
II. ~MV ~¢H$ O_mam{e`m± Savings Bank Deposits 42106,72,01 39424,40,64
III. _r`mXr O_mam{e`m± Term Deposits
i) ~¢H$m| go From Banks 164,33,67 176,24,70
ii) AÝ`m| go From Others * 126097,03,03 129016,58,78
`moJ TOTAL (I, II d & III) 184567,84,45 183315,94,99
I. B. i) ^maV _| pñWV emImAm| H$s O_mE± Deposits of branches in India 184567,84,45 183315,94,99
ii) ^maV Ho$ ~mha pñWV emImAm| H$s O_mE± Deposits of branches outside India – –
`moJ TOTAL 184567,84,45 183315,94,99
* {Og_| H$mn©JmoëS> O_mE± gpå_{bV h¢ which includes Corpgold Deposits 13,97,98 14,88,80
E\$grEZAma O_mE± FCNR Deposits 1527,77,14 1574,97,47
AZwgyMr 4 – CYma am{e`m± SCHEDULE 4 – BORROWINGS
I. ^maV _| CYma am{e`m± Borrowings in India
i) ^maVr` [aµOd© ~¢H Reserve Bank of India 425,00,00 8750,00,00
ii) AÝ` ~¢H$ Other Banks 4282,94,46 6479,32,76
iii) AÝ` g§ñWmE± Ed§ EOo§{g`m± Other Institutions and Agencies 86,31,06 104,30,59
iv) Agwa{jV ~m§S/AmB©nrS>rAmB© VWm AYrZñW H$O©*Unsecured Bonds/IPDI and Subordinated Debts* 3600,00,00 6837,50,00
`moJ TOTAL 8394,25,52 22171,13,35
II. ^maV go ~mha emImAm| H$s CYma am{e`m± Borrowings outside India – –
`moJ TOTAL (I d & II) 8394,25,52 22171,13,35
Cn`w©ŠV I d II _| em{_b gwa{jV CYma am{e`m± Secured Borrowings included in I & II above Nil Nil
(` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARS`Wm As on
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`Wm As on 31.03.2018
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* Ama{jV {d_moÀ` ~m§S> (Q>r`a-II) Includes Unsecured Redeemable Bonds (Tier II) 3100,00,00 4300,00,00
Q>r`a-I ~o{_`mXr ~m§S> Tier I Perpetual Bonds 500,00,00 737,50,00 A{V[aŠV Q>r`a-I ~o{_`mXr ~m§S> Additional Tier I Perpetual Bonds – 1800,00,00
141ANNUAL REPORT 2018-19
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`Wm As on 31.03.2018
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AZwgyMr 5 – AÝ` Xo`VmE± Ed§ àmdYmZ SCHEDULE 5 – OTHER LIABILITIES AND PROVISIONS
I. Xo` {~b Bills Payable 487,96,95 1137,99,46
II. AÝVa-H$m`m©b` g_m`moOZ ({Zdb) Inter-Offi ce Adjustments (Net) 114,83,76 –
III. Cn{MV ã`mO Interests accrued 774,67,39 773,80,37
IV. AÝ` (àmdYmZm| H$mo em{_b H$aHo$)* Others (including provisions)* 2673,41,18 3646,57,17
`moJ TOTAL 4050,89,28 5558,37,00
* ""_mZH$ AmpñV`m| na AmH$pñ_H$ àmdYmZ'' gpå_{bV h¢ Includes “Contingent Provisions against Standard Assets” 740,23,78 559,71,25
AZwgyMr 6 – ZH$X Am¡a ^maVr` [a‹Od© ~¢H$ _| eof SCHEDULE 6 – CASH AND BALANCES WITH RESERVE BANK OF INDIA I. hñVJV amoH$‹S> ({dXoer _wÐm ZmoQ> Am¡a JmoëS> g{hV) Cash in hand (including foreign currency notes and gold) 1083,77,40 1234,33,48
II. ^maVr` [aµOd© ~¢H$ Ho$ eof Balances with Reserve Bank of India
Mmby ImVo _| in Current Accounts 7202,29,45 8705,81,88
AÝ` ImVm| _| in Other Accounts 1375,00,00 1200,00,00
`moJ TOTAL (I, II d & III) 9661,06,85 11140,15,36
AZwgyMr 7 – ~¢H$m| _| eof Ed§ _m±J VWm Aën gyMZm na YZ SCHEDULE 7 – BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE I. ^maV _| In India
i) ~¢H$m| _| eof Balances with Banks
H$ a) Mmby ImVm| _| In Current Accounts 72,45,48 143,30,53
I b) AÝ` O_m ImVm| _| In Other Deposit Accounts 2,80 –
ii) _m±J Ed§ Aën gyMZm na YZ Money at call and short notice
H$ a) ~¢H$m| _| with Banks –
II. ^maV Ho$ ~mha Outside India
i) Mmby ImVm| _| In Current Accounts – 34,21,92
ii) AÝ` O_m ImVm| _| In Other Deposit Accounts 2835,48,30 20
iii) _m§J Am¡a Aën gyMZm na YZ Money at call and Short notice – –
`moJ TOTAL 2835,48,30 34,22,12
gH$b `moJ GRAND TOTAL (I d & II) 2907,96,58 177,52,65
(` 000’s hQ>mH$a Omitted)
142
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AZwgyMr 8 – {Zdoe SCHEDULE 8 – INVESTMENTS
{Zdoe (g_J«) Investments (Gross)
61215,16,47 71488,77,29
KQ>mE±: _yë`õmg Ho$ {bE àmdYmZ Less: Provision for Depreciation
1235,96,66 1139,01,69
{Zdb {Zdoe Net Investments 59979,19,81 70349,75,60
I. ^maV _| {Zdoe Investments in India in
i) gaH$mar à{V^y{V`m± Government Securities 41474,56,08 58173,35,57
ii) AÝ` AZw_mo{XV à{V^y{V`m± Other Approved Securities 99,61 1,49,39
iii) eo`a Shares 245,87,87 465,23,72
iv) {S>~|Ma Ed§ ~m§S> Debentures and Bonds 2471,85,58 3169,63,13
v) g§`wŠV AZwf§{J`m/CÚ_ Subsidiaries /Joint venture
H$ a) jo.J«m. ~¢H$ _| {Zdoe Investments in R.R.B. – –
I b) AZwf§{J`m| _| {Zdoe Investments in Subsidiaries 75,00,00 75,00,00
vi) AÝ`/Others
H$ a) O_mAm| H$m à_mUnÌ Certifi cate of Deposits 559,70,31 3101,92,16
I b) dm{UpÁ`H$ nÌ Commercial Paper – 1789,58,86
J c) å`yMwAb \§$S> H$s BH$mB©`m± Units of Mutual Funds 13,12,43 14,58,32
K d) d|Ma n§yOr {Z{Y`m°§ Venture Capital Funds 72,88,11 78,43,02
L e) gaH$mar {deof à{V^y{V`m± Govt. Special Securities 14926,57,16 3340,34,30
M f ) à{V^y{V àmpßV`m± Security Receipts 138,08,48 139,62,95
moJ TOTAL 59978,65,63 70349,21,42
II. ^maV Ho$ ~mha AÝ` {Zdoem| _| {Zdoe-pñdâQ>> _| Investments outside India in other Investments-In Swift
54,18 54,18
`moJ TOTAL (I d & II) 59979,19,81 70349,75,60
(` 000’s hQ>mH$a Omitted)
143ANNUAL REPORT 2018-19
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AZwgyMr 9 – A{J«_ SCHEDULE 9 – ADVANCES
H$ A. i) IarXo Ed§ ^wZmE JE {~b Bills purchased and discounted 931,80,63 1680,15,72
ii) ZH$X O_mE±, AmodaS´>mâQ VWm _m±J na MwH$m¡Vr `mo½` F$U Cash Credits, Overdrafts and Loans repayable on demand
41619,71,21
42300,61,30
iii) gmd{Y F$U Term loans 78699,69,08 75888,06,69
`moJ TOTAL 121251,20,92 119868,83,71
I B. i) _yV© AmpñV`m| Ûmam à{V^yV
(~hr F$Um| na A{J«_ em{_b h¢) Secured by Tangible Assets 95914,76,45 106030,83,48
(includes Advances against Book Debts)
ii) ~¢H$/gaH$mar Jma§{Q>`m| Ûmam a{jV Covered by Bank/Government Guarantees 10,61,47 35,92,33
iii) Agwa{jV Unsecured 25325,83,00 13802,07,90
`moJ TOTAL 121251,20,92 119868,83,71
J C. I. ^maV _| A{J«_ Advances in India
i) àmW{_H$Vm àmßV joÌ Priority Sector 49505,99,46 54623,03,26
ii) gmd©O{ZH$ joÌ Public Sector 10328,63,88 1029,96,41
iii) ~¢H$ Banks – –
iv) AÝ` Others 61416,57,58 64215,84,04
`moJ TOTAL 121251,20,92 119868,83,71
J C. II. ^maV go ~mha A{J«_ Advances outside India – –
gH$b `moJ GRAND TOTAL (J C. I d & J C. II) 121251,20,92 119868,83,71
(` 000’s hQ>mH$a Omitted)
144
(` 000’s hQ>mH$a Omitted)
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`Wm As on 31.03.2018
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AZwgyMr 10 – ñWmB© AmpñV`m±
SCHEDULE 10 – FIXED ASSETS
I. n[aga (nwZ_©yë`m§{H$V n[aga g{hV) Premises (including revalued premises)
{nN>bo df© Ho$ 31 _mM© H$s pñW{V Ho$ AZwgma bmJV na At cost as on 31st March of the preceding year 924,01,08 923,47,53
df© Ho$ Xm¡amZ n[adY©Z Additions during the year 278,80,22 59,10
1202,81,30 924,06,63
df© Ho$ Xm¡amZ H$Q>m¡{V`m± Deductions during the year 9,83,52 5,55
1192,97,78 924,01,08
`Wm{V{W _yë`õmg Depreciation to date 151,42,90 132,76,13
1041,54,88 791,24,95
Omo‹S>|: H$m`©JV ny±Or Add: Capital Work in progress 4,29,26 1045,84,14 69,50 791,94,45
II. AÝ` ñWmB© AmpñV`m± Other Fixed Assets
(\$ZuMa Am¡a Ow‹S>Zma g{hV including furniture and fi xtures)
nyd©dVu df© Ho$ 31 _mM© H$s pñW{V Ho$ AZwgma bmJV na At cost as on 31st March of the preceding year 1416,61,69 1355,79,56
df© Ho$ Xm¡amZ n[adY©Z Additions during the year 57,52,75 78,16,07
1474,14,44 1433,95,63
df© Ho$ Xm¡amZ H$Q>m¡{V`m± Deductions during the year 19,50,28 17,33,94
1454,64,17 1416,61,69
`Wm{V{W _yë`õmg Depreciation to date 1137,50,48 1040,07,01
317,13,69 376,54,68
Omo‹S>|: H$m`©JV ny±Or Add: Capital Work in progress 11,05 317,24,74 43,90 376,98,58
III. A_yV© AmpñV`m± Intangible Assets
(H§$ß`yQ>a gm°âQ>do`a) (Computer Software)nyd©dVu df© 31 _mM© H$s pñW{V Ho$ AZwgma bmJV naAt cost as on 31st March of the preceding year 243,06,48 205,59,05
df© Ho$ Xm¡amZ n[adY©Z Additions during the Year 37,04,08 37,47,81
280,10,56 243,06,86
df© Ho$ Xm¡amZ H$Q>m¡{V`m± Deductions during the Year 9,48,94 38
270,61,62 243,06,48
`Wm{V{W _yë`õmg Depreciation to date 211,85,68 58,75,94 182,78,41 60,28,07
`moJ TOTAL (I d & II) 1421,84,82 1229,21,10
145ANNUAL REPORT 2018-19
(` 000’s hQ>mH$a Omitted)
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AZwgyMr 11 - AÝ` AmpñV`m± SCHEDULE 11 – OTHER ASSETS
I. A§Va H$m`m©b` g_m`moOZ ({Zdb) Inter-Offi ce Adjustments (Net) – 652.19,67
II. àmoX²^yV ã`mO Interest accrued 1706,05,05 1409,34,80
III. A{J«_/Q>rS>rEg _| àXÎm H$a Tax paid in advance/TDS 290,87,82 271,55,60
IV. {ddmX Ho$ AYrZ nXÎm H$a Taxes paid under dispute 2927,45,72 1837,01,65
V. AmñW{JV H$a AmpñV`m± ({Zdb) Deferred Tax Assets (net) 5446,25,82 3706,16,38
VI. _¡Q> H«o${S>Q>-nmÌVm MAT Credit Entitlement 651,38,99 658,97,22
VII. H$m°ÝdoQ>/BZnwQ> H$a O_m Convat/Input Tax Credit 39,78,84 33,99,94
VIII. boIZ-gm_J«r VWm ñQ>m°ån Stationery and stamps 4,78,60 4,82,91
IX. XmoZm| Ho$ emoYZ _| àmßV J¡a-~¢H$ H$s AmpñV`m± Non-banking assets acquired in satisfaction of claims 9,44 9,44
X. AmaAmB©S>rE\$/{gS>~r/AmaEMS>rE\$ O_mAm| Ho$ VhV Deposit with NABARD under RIDF/SIDBI/RHDF 5918,77,72 7555,02,84
XI. AÝ` Others 1371,08,39 2996,61,67
`moJ TOTAL 18356,56,40 19125,82,12
AZwgyMr 12 – AmH$pñ_H$ Xo`VmE± SCHEDULE 12 – CONTINGENT LIABILITIES
I. H$O© Ho$ ê$n _| ñdrH$ma Zht {H$E JE ~¢H$ Ho$ {déÕ Xmdo Claims against the bank not acknowledged as debts 3232,79,24 2310,44,77
II. S>rB©EE\$ {Z{Y Depositors Education and Awareness Fund 116,56,16 99,66,99
III. H$. ~H$m`m dm`Xm {dXoer _wÐm g§{dXmAm| hoVw Xo`Vm A. Liability on account of outstanding forward exchange contracts 36004,23,88 58493,84,44
I. ì`wËnÝZr B. Derivatives 924,00,00 72,60,00 IV. g§KQ>H$m| H$s Amoa go Xr JB© Jma§{Q>`m± Guarantees given on behalf of constituents
H$/a) ^maV _| in India 11583,83,58 14530,82,67
I/b) ^maV Ho$ ~mha outside India 223,25,88 1561,83,49
V. ñdrH¥${V`m±, n¥ð>m§H$Z Ed§ AÝ` ~mÜ`VmE± Acceptances, endorsements and other obligations 4189,45,19 8933,60,32
VI. AÝ` _X| {OZHo$ {bE ~¢H$ AmH$pñ_H$ ê$n go CÎmaXm`r h¡ Other items for which the Bank is contingently liable 105,06,62 153,75,12
VII. [adg© aonmo Ho$ VhV IarXr JB© à{V^y{V`m§ Securities Purchased Under Reverse Repo 6246,42,42 1200,00,04
`moJ TOTAL 62625,62,97 87356,57,84VIII. dgybr Ho$ {bE {~b Bills For Collection 13747,30,85 13893,39,89
146
(` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARS
31.03.2019 H$mog_má df©
Year ended 31.03.2019`
31.03.2018 H$mo
g_má df© Year ended 31.03.2018
`
AZwgyMr 13 - A{O©V ã`mO
SCHEDULE 13 – INTEREST EARNED
I. A{J«_m|/{~bm| na ã`mO/~Q²>Q>m Interest/Discount on advances/bills 10992,59,45 11471,20,84
II. {Zdoem| na ã`mO Income on investments 4120,20,01 5164,38,96
III. ^maVr` [aµOd© ~¢H$ Ho$ nmg eof Am¡a AÝ` A§Va-~¢H$ {Z{Y`m| na ã`mO Interest on balances with Reserve Bank of India and 22,85,31 81,70,14 other Inter-bank Funds IV. AÝ` Others 486,98,26 911,03,33
`moJ TOTAL 15622,63,03 17628,33,27
AZwgyMr 14 - AÝ` Am`
SCHEDULE 14 – OTHER INCOME
I. H$_reZ, {d{Z_` Ed§ Xbmbr Commission, exchange and brokerage 306,98,33 356,85,45
II. {Zdoem| ({Zdb) H$s {~H«$s na bm^/hm{Z Profi t/Loss on sale of investments (net) -80,92,51 735,82,92
III. ^y{_, ^dZ VWm AÝ` AmpñV`m| H$s {~H«$s go bm^/hm{Z ({Zdb) Profi t/Loss on sale of land, building and other assets (net) -1,49,49 45,07
IV. {d{Z_` boZ-XoZm| na bm^/hm{Z ({Zdb) Profi t/Loss on exchange transactions (net) 99,18,07 161,06,59
V. ^maV _| AZwf§{J`m|/H§$n{Z`m| go bm^m§e BË`m{X go Am` Income earned by way of dividend, etc. from subsidiaries/companies in India 3,32,66 5,77,15
VI. {d{dY Am` Miscellaneous income 1544,99,81 1053,10,90
`moJ TOTAL 1872,06,87 2313,08,08
147ANNUAL REPORT 2018-19
(` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARS
31.03.2019 H$mog_má df©
Year ended 31.03.2019`
31.03.2018 H$mo
g_má df© Year ended 31.03.2018
`
AZwgyMr 15 - ì`` {H$`m J`m ã`mO SCHEDULE 15 – INTEREST EXPENDED
I. O_mam{e`m| na ã`mO Interest on deposits 9500,24,42 11639,20,58
II. ^maVr` [aµOd© ~¢H$/A§Va-~¢H$ CYma am{e`m| na ã`mO 119,61,64 221,07,82 Interest on Reserve Bank of India/inter-bank borrowings
III. AÝ` Others 494,30,54 929,82,46
`moJ TOTAL 10114,16,60 12790,10,86
AZwgyMr 16 - n[aMmbZ ì`` SCHEDULE 16 – OPERATING EXPENSES
I. H$_©Mm[a`m| H$mo ^wJVmZ Ed§ CZHo$ {bE àmdYmZ Payment to and provisions for employees 1746,94,71 1592,82,24
II. {H$am`m, H$a VWm {~Obr Rent, taxes and lighting 318,31,25 308,50,38
III. _wÐU Ed§ boIZ-gm_J«r Printing and stationery 21,99,57 22,37,98
IV. {dkmnZ Ed§ àMma Advertisement and publicity 3,08,58 3,10,37
V. ~¢H$ H$s g§n{Îm na _yë`õmg Depreciation on bank’s property 176,50,70 175,34,03
VI. {ZXoeH$m| Ho$ ewëH$, ^Îmo Am¡a ì`` Directors’ fees, allowances and expenses 31,82 74,70
VII. boIm narjH$m| Ho$ ewëH$ VWm ì`` (emIm Ho$ boIm narjH$ ^r em{_b) Auditors’ fees and expenses (including branch auditors) 25,03,44 25,85,23
VIII. {d{Y à^ma Law Charges 6,02,44 3,09,94
IX. S>mH$, Q>obr\$moZ BË`m{X Postages and Telephones etc. 77,52,52 64,91,21
X. _aå_V Ed§ AZwajU Repairs and Maintenance 115,77,36 113,39,93
XI. ~r_m Insurance 235,62,59 258,73,28
XII. AÝ` ì`` Other Expenditure 758,91,82 631,99,61
`moJ TOTAL 3486,06,80 3200,88,85
148
AZwgyMr 17
_hËdnyU© boIm§H$Z Zr{V`m± Omo 31 _mM©, 2019 H$mo g_mßV df© Ho EH$b boImo§ H$m A§J h¢
1. {dÎmr` {ddaUmo§ H$mo V¡`ma H$aZo H$m AmYma
H$) {dÎmr` {ddaU boIm§H$Z Ho Cn{MV AmYma na Eo{Vhm{gH$ bmJV na§nam Ho VhV V¡`ma VWm àñVwV {H$E JE h¢, VWm AÝ`Wm Cp„{IV Ho {gdm` VWm ^maVr` {aµOd© ~¢H (^m.{a.~¢.) Ûmam Omar {Xem{ZXo©emo§ Ho AZwgma ZH$Xr AmYma na {ZYm©{aV _Xmo§ Ho Abmdm `o ^maVr` gZXr boImH$ma g§ñWmZ (AmB©grEAmB©) Ûmam Omar boIm _mZH$mo§ (EEg) VWm ~¢qH J {d{Z`_Z A{Y{Z`_, 1949 VWm H§$nZr A{Y{Z`_, 2013 Ho VhV {ZYm©{aV g§~§{YV AnojmAmo§ VWm ^maV _o§ ~¢qH J CÚmoJ _o§ àM{bV dV©_mZ ar{V`mo§ Ho AZwên h¢&
I) gm_mÝ` ê$n go ñdr©H¥$V boIm§H Z {gÕm§Vmo§ (J¡n) Ho AZwên {dÎmr` {ddaUmo§ H$mo V¡`ma H aZo _o§ à~§YZ dJ© go Ano{jV hmoVm h¡ {H {dÎmr` {ddaUmo§ Ho {XZm§H Ho `Wm {dÚ_mZ {anmoQ© H$s JB© AmpñV`mo§ d Xo`VmAmo§ (AmH pñ_H Xo`VmAmo§ g{hV) H$s am{e VWm {anmoQm©YrZ Ad{Y Ho Xm¡amZ {anmoQ© H$s JB© Am` d ì``mo§ na àm¸ bZ d AZw_mZ H$ao§& à~§YZ dJ© H$m _mZZm h¡ {H {dÎmr` {ddaU V¡`ma H$aZo _o§ à`wº àm¸ bZ {ddoH$nyU© Ed§ VH© g§JV h¢& dmñV{dH$ Am§H$‹So BZ àm¸ bZmo§ go {^Þ hmo gH$Vo h¢&
2. amOñd {ZYm©aU
H ) Am` H$mo {ZåZ H$mo Nmo‹SH$a Cn{MV AmYma na {ZYm©{aV {H$`m J`m h¡… i) ~¢H$ Jma§{Q`mo§ Ed§ gmI nÌ, Amny{V©H$Vm©/HŒo Vm G$U H$s
ì`dñWm na H$_reZ, VWm bm°H$a {H$am`m Omo àmpßV AmYma na {ZYm©{aV {H$`m J`m h¡&
ii) J¡a-{ZînmXH$ A{JŒ_mo§ VWm {Zdoemo§ na ã`mO Am` VWm Ho§ Ð gaH$ma Ûmam Jma§QrH¥ V à{V^y{V`mo§ na ã`mO Am`, {OZHo {bE 90 {XZmo§ Ho A§Xa ã`mO dgyb Zht hmoVm h¡, àmpßV AmYma na {ZYm©{aV H$s JB© h¡&
iii) Am`-H$a dmn{g`mo§ na ã`mO H$m boIm§H$Z Am`H$a {d^mJ go gyMZm AmXoe àmßV hmoZo na {H$`m J`m h¡&
I) ‘n{an¹Vm VH$ Ym{aV' àdJ© _o§ {Zdoemo§ H$s {~HŒ s na àmßV bm^, {Ogo bm^-hm{Z boIo _o§ {ZYm©{aV {H$`m J`m h¡ VWm VXZ§Va ^m.{a.~¢. Ho {Xem{ZXo©emo§ Ho AZwgma Ama{jV ny±Or ImVo _o§ {d{Z`mo{OV {H$`m J`m h¡, H$mo Nmo‹SH$a {Zdoe H$s {~HŒ s na bm^ `m hm{Z H$mo {~H«$s Ho g_` {ZnQmZ AmYma na bm^-hm{Z boIo _o§ {ZYm©{aV {H$`m J`m h¡&
J) ~¢H$ Ho àË`j A§eXmZ na àmßV Xbmbr/H$_reZ/àmoËgmhZ am{e H$mo à{V^y{V`mo§ H$s bmJV go H$mQm J`m h¡, O~{H$ à{V^y{V`mo§
Schedule 17SIGNIFICANT ACCOUNTING
POLICIES FORMING PART OF THE STANDALONE ACCOUNTS FOR THE
YEAR ENDED MARCH 31, 2019
1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS a) The fi nancial statements have been prepared and
presented under the historical cost convention on accrual basis of accounting unless otherwise stated and except for items recognized on cash basis, as per guidelines issued by the Reserve Bank of India [‘RBI’] and comply with the Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) and relevant requirements prescribed under the Banking Regulation Act, 1949 and Companies Act, 2013, and current practices prevailing within the banking industry in India.
b) The preparation of fi nancial statements in conformity with generally accepted accounting principles [GAAP] requires the Management to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) as of the date of the fi nancial statements and the reported income and expenses during the reporting period. The Management believes that the estimates used in the preparation of the fi nancial statements are prudent and reasonable. Actuals could differ from these estimates.
2. REVENUE RECOGNITION a] Income is recognized on an accrual basis except:
i) Commission on Bank Guarantees and Letters of Credit; arrangement of suppliers/buyers Credit; and Locker rent which are recognized on receipt basis.
ii) Interest income on Non-Performing advances and investments, and securities guaranteed by Central Government where interest is not realized within 90 days is recognized on receipt basis.
iii) Interest on Income-tax refunds is accounted for on receipt of Intimation order from the Income Tax Department.
b] Profi t or loss on sale of investments is recognized in the Profi t and Loss Account on settlement basis at the time of sale except the realized profi t on sale of investments in ‘Held to Maturity’ category which is recognized in the profi t and loss account and subsequently appropriated to capital reserve account in accordance with the RBI guidelines.
c] Brokerage/commission/incentives received on Bank’s direct subscriptions are deducted from the cost of
149ANNUAL REPORT 2018-19
Ho AO©Z hoVw àXÎm Xbmbr H$mo amOñd ì`` Ho ên _o§ _mZm J`m h¡&
K) à{V^y{V`mo§ Ho HŒ ` `m {dHŒ ` na I§{SV Ad{Y-ã`mO H$mo amOñd _X Ho ên _o§ _mZm J`m h¡&
3. A{JŒ_
H$) A{JŒ_mo§ H$mo ^m.{a.~¢. Ûmam Omar {Xem{ZXoemo§ Ho AZwgma _mZH$, Ad_mZH$, g§{X½Y VWm hm{Z AmpñV`mo§ _o§ dJr©©H¥$V {H$`m J`m h¡ VWm J¡a-{ZînmXH$ A{JŒ_mo§ (EZnrE) Ho {bE {H$E JE {Z{X©îQ àmdYmZ Ho {Zdb Ho ên _o§ Xem©`m J`m h¡&
I) HŒo {SQ H$mS© ~H$m`mo§ H$mo Cg pñW{V _o§ EZnrE Ho ên _o§ {d{Z{X©îQ {H$`m J`m h¡ Ohm± Ý`yZV_ àmß` ~H$m`m am{e {ddaU _o§ Cp„{IV ^wJVmZ Xo` VmarI go bJmVma 90 {XZ go A{YH$ Ad{Y go MyH$ _o§ ahr h¡& J¡a-{ZînmXH$ H$mS© ImVmo§ go Am` {dÎmr` {ddaU _o§ Zht br JB© h¡&
J) ^maVr` {aµOd© ~¢H$ (Ama~rAmB©) Ûmam {ZYm©{aV {ddoH$nyU© _mZX§Smo§ Ho A§VJ©V AmpñV dJr©H$aU Am¡a àmdYmZrH$aU Anojm Ho AmYma na Ad_mZH$, g§{X½Y VWm hm{Z-A{JŒ_mo§ Ho {bE àmdYmZ {H$`m J`m h¡&
K) J¡a-{ZînmXH$ A{JŒ_mo§ _o§ dgybr {ZåZ{b{IV HŒ _ _o§ ImVm dma (nmQr© dma Zht) g_m`mo{OV H$s Om`oJr -
i) dgybr hoVw {H$E JE ì``/AÝ` ì`` ii) ì`mO g§~§Yr A{Z`{_VVm`o§/ A{O©V ã`mO Ed§ iii) _ybYZ g§~§Yr A{Z`{_VVm AWm©V ImVo _o§ eof _ybYZ
L) `{X {H$gr _m_bo _o§ J¡a-{ZînmXH$ G$U _o§ g_Âmm¡Vm {ZnQmZ Ûmam {H$`m J`m hmo Vmo dgybr H$mo nhbo _yb _o§ g_m`mo{OV {H$`m OmEJm&
dgybr H$m g_m`moOZ gj_ àm{YH$mar/EZgrEbQr/ Ý`m`V§Ì Ho _§Oyar©H¥$V {Z`_mo§ Ho AZwgma H$s OmEJr&
`{X {H$gr _m_bo _o§ J¡a-{ZînmXH$ G$U _o§ g_Âmm¡Vm {ZnQmZ Ûmam {H$`m J`m hmo Vmo dgybr H$mo nhbo _yb _o§ g_m`mo{OV {H$`m OmEJm& CgHo ~mX `{X dgybr _yb am{e go A{YH$ hmoVr h¡ Vmo ã`mO _o§ g_m`mo{OV {H$`m OmEJm&
M) ^m.{a.~¢. {Xem{ZXo©emo§ Ho AZwgma {ZYm©{aV _mZH$ AmpñV`mo§ hoVw gm_mÝ` àmdYmZ H$mo ‘AÝ` Xo`VmE§ d àmdYmZ-AÝ`’ Ho VhV em{_b {H$`m J`m h¡&
N) nwZ… g§a{MV ImVo… nwZ…g§a{MV A{JŒ_mo§ Ho {bE G$U Ho C{MV _yë` _o§ õmg Ho$ {bE àmdYmZ AÝ`Wm Ano{jV àmdYmZ Ho$ Abmdm ^maVr` {a‹Od© ~¢H$ Ûmam Omar {Xem{ZXoemo§ Ho AZwgma {H$E JE h¢& A{JŒ_ Ho C{MV _yë` _o§ õmg hoVw àmdYmZ A{JŒ_mo§ go KQm`m Zht J`m h¡ VWm ‘AÝ` Xo`VmE§ d àmdYmZ-AÝ`’ erf© Ho$ VhV VwbZ-nÌ _o§ em{_b {H$`m J`m h¡&
securities, whereas brokerage paid in connection with acquisition of securities is treated as revenue expenditure.
d] The broken period interest on sale or purchase of securities is treated as revenue item.
3. ADVANCESa) Advances are classifi ed into standard, sub-standard,
doubtful and loss assets in accordance with the guidelines issued by the RBI and are stated net of specifi c provisions made towards Non-Performing Advances [‘NPAs’].
b) Credit Card dues are identifi ed as NPAs where minimum dues receivable as mentioned in the statement are in default for a continuous period of more than 90 days from the payment due date mentioned in statement. Income from non-performing card accounts is not recognized in fi nancial statements.
c) Provisions for sub-standard, doubtful and loss advances are made on the basis of asset classifi cation and provisioning requirements under the prudential norms laid down by the RBI.
d) Partial recoveries in non-preforming advances will be appropriated account-wise (not party-wise) in the following order of priority:
i. Expenditure/out of pocket expenses incurred for recovery,
ii. Interest irregularities/accrued interest, andiii. Principal irregularities i.e. Principal outstanding in
the account.
e) In case of non-performing advances involving compromise settlements, the recoveries may be adjusted fi rst towards principal.
The adjustment of the recoveries as per sanction terms of competent Authority /NCLT/ Judiciary.
In case of non-performing advances involving compromise settlements, the adjustment of recoveries may be adjusted fi rst towards principal then to interest if recovery is over and above the Principal amount.
f ) General provision for Standard Assets made in accordance with RBI Guidelines is included under “Other Liabilities & Provisions-others”.
g) Restructured Accounts: For restructured advances, provisions for erosion in fair value of loan are made in accordance with the guidelines issued by the RBI, in addition to the provisions otherwise required. The provision for erosion in fair value of advance is not reduced from advances and is included in the Balance Sheet under the head “Other Liabilities & Provisions-Others”.
150
4. {Zdoe
4.1 dJr©H$aU Ed§ loUrH$aU
^maVr` {aµOd© ~¢H$ Ûmam Omar {Xem{ZXoemo§ Ho$ AZwgma {Zdoemo§ Ho$ A{YJŒhU Ho g_` {ZåZ{b{IV lo{U`mo§ _o§ dJr©©H¥$V {H$`m J`m h¡…
• n{an¹Vm VH$ Ym{aV (EMQrE_), • {~HŒ s Ho {bE CnbãY (EE\ Eg) VWm • Q—oqSJ Ho {bE Ym{aV (EME\ Qr)&
~¢H$, ~hr _yë` `m ~mµOma _yë`, BZ _o§ go Ý`yZV_ _yë` na {Zdoemo§ H$mo EE\ Eg/EME\ Qr àdJ© go EMQrE_ àdJ© _o§ A§V{aV H$aVm h¡& AWm©V², Ohm± A§VaU Ho g_` ~mµOma _yë` ~hr _yë` go A{YH$ h¡, _yë`d¥{Õ Ho AZXoIm {H$`m OmZm Mm{hE VWm à{V^y{V H$mo ~hr _yë` na A§V{aV {H$`m OmZm Mm{hE& Eogo _m_bo Ohm± ~mµOma _yë` ~hr _yë` go H$_ h¡, Bg à{V^y{V (A§VaU H$mo {XZm§H H$mo {H$E JE _yë`m§H$Z Ho AmYma na Ano{jV A{V{aº àmdYmZ, `{X H$moB© h¡, g{hV) Ho {déÕ Ym{aV _yë`õmg na àmdYmZ H$mo ~hr _yë` H$mo ~mµOma _yë` VH$ H$_ H$aZo Ho {bE g_m`mo{OV {H$`m OmZm Mm{hE VWm à{V^y{V ~mµOma _yë` na A§V{aV {H$`m Om gH$Vm h¡&
`{X à{V^y{V _ybV… ~Åo na EMQrE_ àdJ© Ho VhV aIr OmVr h¡, Cgo AO©Z _yë`/~hr _yë` na EE\ Eg/EME\ Qr àdJ© _o§ A§V{aV {H$`m OmE& (`h ZmoQ {H$`m OmE {H$ {dÚ_mZ AZwXoemo§ Ho AZwgma EMQrE_ àdJ© Ho VhV Ym{aV à{V^y{V`mo§ na ~Åm Cn{MV H$aZo H$s AZw_{V Zht h¡ VWm, AV…, Eogr à{V^y{V`mo§ H$mo n{an¹Vm VH$ AO©Z bmJV na YmaU Omar aIm OmE)& A§VaU Ho nümV², BZ à{V^y{V`mo§ H$m VËH$mb nwZ_y©ë`m§H$Z {H$`m OmE VWm n{aUm_r _yë`õmg, `{X H$moB© h¡, hoVw àmdYmZ {H$`m Om gH$Vm h¡&
`{X à{V^y{V _ybV… àr{_`_ na EMQrE_ àdJ© Ho VhV aIr OmVr h¡, Cgo n{aemoYH$ _yë` na EE\ Eg/EME\ Qr àdJ© _o§ A§V{aV {H$`m OmE& A§VaU Ho nümV², BZ à{V^y{V`mo§ H$m VËH$mb nwZ_y©ë`m§H$Z {H$`m OmE VWm n{aUm_r _yë`õmg, `{X H$moB© h¡, hoVw àmdYmZ {H$`m Om gH$Vm h¡&
EE\ Eg go EME\ Qr àdJ© _o§ `m {dbmo_V… à{V^y{V`mo§ H$mo A§V{aV H$aZo na, A§VaU H$s VmarI H$mo à{V^y{V`mo§ H$m nwZ_y©ë`Z H$aZo H$s Amdí`H$Vm Zht h¡ VWm g§{MV _yë`õmg Ho {bE `{X H$moB© àmdYmZ Ym{aV {H$`m h¡ Vmo Cgo EME\ Qr à{V^y{V`mo§ Ho {déÕ _yë`õmg hoVw àmdYmZ _o§ `m {dbmo_V… A§V{aV {H$`m Om gH$Vm h¡&
hmbm§{H$, VwbZ-nÌ _o§ àH$QZ hoVw {Zdoemo§ H$mo 6 dJmoª Ho AÝVJ©V dJr©©H¥$V {H$`m J`m h¡ - gaH$mar à{V^y{V`m±, amÁ` gaH$mar {deof à{V^y{V`m±, AÝ` AZw_mo{XV à{V^y{V`m±, eo`a, {S~o§Ma VWm ~m±S, AZwf§{J`mo§/jo.JŒm.~¢./g§`wº CÚ_mo§ VWm AÝ` (å`yMwAb \§ S H$s `y{ZQmo§, dm{UpÁ`H$ nÌmo§, O_m à_mU nÌ, à{V^y{V agrX VWm do§Ma ny§Or {Z{Y )&
‘n{an¹Vm VH$ Ym{aV’ loUr Ho VhV dJr©©H¥$V {Zdoemo§ _o§ {ZåZ{b{IV em{_b h¢…
H$) _m§J VWm _r`mXr Xo`VmAmo§ Ho à{VeV Ho ên _o§ ^m.{a.~¢. Ûmam g_`-g_` na A{Ygy{MV AZwgma EgEbAma à{V^y{V`mo§ _o§ {Zdoe&
4. INVESTMENTS4.1 Categorization & Classifi cation In accordance with the RBI guidelines, investments at the
time of acquisition are categorized as: Held to Maturity [HTM], Available for Sale [AFS] and Held for Trading [HFT].
The Bank shifts investments from AFS/HFT category to HTM category at the lower of book value or market value. In other words, in cases where the market value is higher than the book value at the time of transfer, the appreciation should be ignored and the security should be transferred at the book value. In cases where the market value is less than the book value, the provision against depreciation held against this security (including the additional provision, if any, required based on valuation done on the date of transfer) should be adjusted to reduce the book value to the market value and the security should be transferred at the market value.
If the security was originally placed under the HTM category at a discount, it may be transferred to AFS/ HFT category at the acquisition price/book value. (It may be noted that as per existing instructions banks are not allowed to accrue the discount on the securities held under HTM category and, therefore, such securities would continue to be held at the acquisition cost till maturity). After transfer, these securities should be immediately re-valued and resultant depreciation, if any, may be provided.
If the security was originally placed in the HTM category at a premium, it may be transferred to the AFS / HFT category at the amortised cost. After transfer, these securities should be immediately re-valued and resultant depreciation, if any, may be provided.
In the case of transfer of securities from AFS to HFT category or vice-versa, the securities need not be re-valued on the date of transfer and the provisions for the accumulated depreciation, if any, held may be transferred to the provisions for depreciation against the HFT securities and vice-versa.
However, for disclosure in the Balance Sheet, investments are classifi ed under six categories – Government Securities, State Government Securities, Other Approved Securities, Shares, Debentures and Bonds, Investments in Subsidiaries/RRB/ Joint Ventures and Others [units of Mutual Funds, Commercial Papers, Certifi cate of Deposits and Venture Capital Funds].
Investments classifi ed under ‘Held to Maturity’ include the following:a) Investments in SLR securities as percentage of
Demand and Time liabilities or as notifi ed by RBI from time to time.
151ANNUAL REPORT 2018-19
I) nwZnyªOrH$aU Amdí`H$VmAmo§ hoVw ^maV gaH$ma go àmßV nwZnyªOrH$aU ~m§S&
J) AZwf§{J`mo§ Am¡a g§`wº CÚ_mo§ Ho eo`amo§ _o§ {Zdoe&
K) CÚ_ ny±Or {Z{Y`mo§ _o§ {Zdoe, 23 AJñV, 2006 Ho ~mX àË`oH$ {JamdQ go VrZ dfmoª H$s Ama§{^H$ Ad{Y Ho {bE {H$E JE h¢&
L) ~w{Z`mXr g§aMZmJV J{V{d{Y`mo§ _o§ bJo H §n{Z`mo§ Ûmam Omar XrKm©d{Y ~m°ÊSmo§ _o§ {Zdoe&
Q—oqSJ Ho CÔoí` go àmW{_H$ ê n go A{YJŒhrV {Zdoemo§ H$mo EME\ Qr à{V^y{V`mo§ Ho ên _o§ dJr©©H¥$V {H$`m J`m h¡& ^maVr` {a‹Od© ~¢H$ Ho {Xem{ZXo©emo§ Ho AZwgma EME\ Qr loUr _o§ à{V^y{V`m± 90 {XZ go A{YH Zht Ym{aV H$s JB© h¢ VWm AndmXmË_H$ n{apñW{V`mo§ O¡go {~HŒ r H$aZo _o§ Ag_W© `m AË`§V ApñWaVm `m ~mµOma Ho {XemhrZ hmoZo na, {ZXoeH _§Sb/AmëH$mo/{Zdoe g{_{V Ho AZw_moXZ Ho gmW CÝho§ EE\ Eg loUr _o§ A§V{aV {H E OmVo h¢&
AÝ` g^r {Zdoemo§ H$mo EE\ Eg Ho VhV dJr©©H¥$V {H$`m J`m h¡&
4.2 _yë`m§H$Z VWm n{aUm_r g_m`moOZ…
H ) n{an¹Vm VH Ym{aV… ‘n{an¹Vm VH$ Ym{aV’ loUr Ho VhV dJr©©H¥$V {Zdoe ^m{aV Am¡gV AO©Z bmJV na _yë`m§{H$V {H$E JE h¢& A{YJŒhU na àr{_`_ `{X H$moB© h¡ Vmo n{an¹Vm H$s eof Ad{Y _o§ grYr aoIm Ho AmYma na n{aemoYZ {H$`m J`m h¡& AZwf§{J`mo§/g§`wº CÚ_mo§ _o§ {Zdoe Ho _m_bo _o§ AñWmB© H$mo Nmo‹SH$a AÝ` Eogo {Zdoe Ho _yë` _o§ H$_r H$m {ZYm©aU {H$`m J`m h¡ Am¡a CgHo {bE àmdYmZ {H$`m J`m h¡& do§Ma ny§Or {Z{Y _o§ {Zdoemo§ H$mo bmJV na _yë`m§{H$V {H$`m J`m h¡&
I) {~H«$s Ho {bE CnbãY VWm Q—oqSJ Ho {bE Ym{aV…
(i) BZ àdJmoª (‘Q—oqSJ Ho {bE Ym{aV’ VWm ‘{~HŒ r Ho {bE CnbãY’ loUr Ho VhV dJr©©H¥$V) _o§ {Zdoe H$mo ^m.{a.~¢. Ho {Xem{ZXo©emo§ Ho AZwgma EME\ Qr VWm EE\ Eg hoVw HŒ _e… _m{gH$ VWm {V_mhr A§Vamb _o§ ~mµOma/AZw_m{ZV dgybr `mo½` _yë` na A§{H$V {H$`m J`m h¡& O~{H$ D$na 4.1 _o§ Cp„{IV àË`oH$ loUr Ho A§VJ©V n{aUm_r {Zdb _yë`õmg `{X H$moB© h¡, H$mo bm^ Ed§ hm{Z boIo _o§ ‘àmdYmZ Ed§ AmH$pñ_H$VmAmo§’ Ho ên _o§ {ZYm©{aV {H$`m J`m h¡ VWm _yë`õmg hoVw nhbo {H$E JE àmdYmZ H$s hX VH H$mo Nmo‹SH$a {Zdb A{Y_yë`Z H$mo Nmo‹S {X`m J`m h¡& nwZ_y©ë`m§H$Z Ho nümV² AbJ-AbJ à{V^y{V`mo§ Ho ~hr _yë` _o§ n{adV©Z Zht hwAm h¡&
(ii) _yë`õmg Ho A{V{aº àmdYmZ Ho à{VboIZ Ho g§~§Y _o§, Cgo ‘àmdYmZ Am¡a AmH$pñ_H$VmE±’ _o§ O_m {H `m J`m h¡ Am¡a g_Vwë` am{e (H amo§ H$m {Zdb Am¡a gm§{d{YH Ama{jV {Z{Y _o§ A§VaU) H$mo AZwgyMr 2 - “Ama{jV {Z{Y Ed§ A{Yeof” Ho VhV {Zdoe Ama{jV {Z{Y ImVo _o§ {d{Z`mo{OV {H `m J`m h¡&
b) Recapitalization bonds received from the Government of India towards recapitalization requirements.
c) Investments in share of subsidiaries and joint ventures.
d) Investments in Venture Capital Funds, for an initial period of 3 years of each draw down, after 23rd August 2006.
e) Investments in long term bonds issued by companies engaged in infrastructure activities.
Investments acquired primarily with an intention for trading are classifi ed as HFT securities. As per RBI guidelines, securities in HFT category are not held beyond 90 days and are transferred to AFS category under exceptional circumstances like not able to sell or extreme volatility or market becoming unidirectional, with the approval of the Board/ALCO/Investment Committee.
All other investments are classifi ed under AFS.
4.3 Valuation and consequential adjustments :
a] Held to Maturity: Investments classifi ed under ‘Held-to-Maturity’ are carried at weighted average acquisition cost. Premium on acquisition, if any, is amortized on a straight-line basis over the remaining maturity period. In case of investments in subsidiaries/joint ventures any diminution, other than temporary, in the value of such investment is recognized and provided for. Investments in Venture Capital Fund are valued at Cost.
b] Available for Sale and Held for Trading:
(i) Investments in these categories (classifi ed under the category ‘Held for Trading’ and ‘Available for Sale’) are marked to market / estimated realizable value as per the RBI guidelines at monthly and quarterly intervals for HFT and AFS respectively. While the resultant net depreciation, if any, within each category referred to in 4.1 above, is recognized in profi t & loss account as “Provisions and Contingencies”, the net appreciation is ignored except to the extent of depreciation previously provided. The book value of the individual scrip is not changed after revaluation.
(ii) In the case of write back of excess provision of depreciation the same is credited to “Provisions and Contingencies” and a like amount (net of taxes and transfer to Statutory Reserve) is appropriated to Investment Reserve Account under Schedule 2 – “Reserves & Surplus”.
152
(iii) Cnamoº (i) Ho CÔoí` hoVw, ~mOma H$s_V/AZw_m{ZV àmß` _yë` {ZåZdV² {ZYm©{aV {H `m OmVm h¡… For the purpose of (i) above, the market price / estimated realizable value is determined as under:Sr. No.H«$. g§.
Type of Securitiesà{V^y{V Ho$ àH$ma
Valuation of Securtiesà{V^y{V H$m _yë`m§H$Z
1. Ho§ Ð gaH$ma H$s à{V y{V`m±Central Government of India securities
(i) CÕ¥V… E\ AmB©E_E_SrE Ûmam {XE H$moQoeZ Ho AZwgma ~mµOma _yë` na Quoted: At market price as per the quotation put out by FIMMDA. (ii) AZwÕ¥V… E\ AmB©E_E_SrE Ûmam Xr JB© H$s_Vmo§/dmB©QrE_ Xamo§ Ho AmYma na Unquoted: on the basis of the prices /YTM rates put by the
FIMMDA2. amÁ` gaH$ma H$s à{V y{V`m§, amÁ` gaH$ma H$s {deof à{V y{V`m±, Ho§ Ð/amÁ`
gaH$ma Ûmam Jma§Qr©H¥$V à{V y{V`m± (AÝ` ñdr©H¥$V à{V y{V`m±)State Government Securities, State Govt. Special Securities, Securities guaranteed by Central/State Government (other approved securities)
(i) amÁ` gaH$ma H$s à{V y{V`mo§ Ho _m_bo _o§ E\ AmB©E_E_SrE Ûmam àH$m{eV H$s_Vmo§ na At prices published by FIMMDA in respect of State Government
Securities. (ii) AÝ` AZw_mo{XV à{V y{V`mo§ Ho _m_bo _o§ E\ AmB©E_E_SrE Ûmam {Z{X©îQ à{V\ b dHŒ
na Cn wº A{V{aº H$s_V bmJV A§Va na At appropriate spread upon the yield curve put out by the FIMMDA
in respect of other approved securities
3. Q—oOar {~b (nrSr H$mamo~ma Ho H$maU aIo Q—oµOar {~bmo§ g{hV)/O_m à_mUnÌ/dm{UpÁ`H nÌTreasury Bills (including Treasury Bills held on account of PD business)/Certifi cates of deposits/Commercial paper
aImd bmJV naAt carrying cost.
4. B©p¹Qr eo`aEquity Shares
(i) CÕ¥V… ~mOma _yë` na Quoted : At market price (ii) AZwÕ¥V… H§$nZr Ho AÚVZ VwbZ-nÌ (EH df© go A{YH nwamZm Z hmo) Ho AZwgma
{Z{üV {díbo{fV _yë` na AÝ`Wm ` 1/- à{V H§$nZr& Unquoted: At break up value as ascertained from the company’s
latest Balance Sheet [not more than one year old], otherwise at `1/- per company.
5. A{Y_mZ eo`a, {S~o§Ma Ed§ ~m§SPreference Share, Debentures and Bonds
(i) CÕ¥V… ~mOma _yë` na Quoted: At Market Price (ii) AZwÕ¥V… C{MV n{an¹Vm à{V\ b na Unquoted: On appropriate Yield to Maturity
6. å`yMwAb \§ SMutual Fund
(i) CÕ¥V…. ~mOma _yë` na Quoted: At market price (ii) AZwÕ¥V… nwZHŒ© ` _yë` `m àË`oH `moOZm _o§ \§ S Ûmam Kmo{fV {Zdb AmpñV _yë` na
(Ohm± nwZHŒ© ` _yë` CnbãY Zht h¡) Unquoted : At repurchase price or Net Asset Value [where repurchase
price is not available] declared by the fund in each of the schemes
7. CÚ_ ny§Or {Z{YVenture Capital Funds
(i) CÕ¥V… ~mOma _yë` na Quoted: At market value (ii) AZwÕ¥V… BH$mB`mo§ Ho ên _o§ {Zdoemo§ Ho _m_bo _o§, AnZo {dÎmr` {ddaUmo§ _o§ drgrE\
Ûmam Xem©E JE EZEdr na _yë`m§H Z {H `m OmE& EZEdr na AmYm{aV BH$mB`mo§ na _yë`õmg, `{X H$moB© hmo, Ho {bE {Zdoemo§ Ho EE\ Eg àdJ© go EMQrE_ àdJ© _o§ A§VaU Ho g_` VWm drgrE\ go àmßV {dÎmr` {ddaUmo§ Ho AmYma na {V_mhr `m ~ma§~ma A§Vambmo§ na {H E OmZo dmbo AZwdVr© _yë`m§H Zmo§ na ^r àmdYmZ {H `m OmZm Mm{hE& BH$mB`mo§ H$m H _ go H _ df© _o§ EH ~ma boImnar{jV n{aUm_mo§ Ho AmYma na _yë`m§H Z {H `m OmE& VWm{n, `{X EZEdr Am±H So Xem©Zo dmbo boIm nar{jV VwbZ nÌ/{dÎmr` {ddaU _yë`m§H Z H$s VmarI Ho 18 _mh go A{YH Ho {bE CnbãY Zht h¢, Vmo {Zdoemo§ H$m _yë`m§H Z 1 én`m à{V drgrE\ na {H `m OmE&
Unquoted: In the case of investments in the form of units, the valuation will be done at the NAV shown by the VCF in its fi nancial statements. Depreciation, if any, on the units based on NAV has to be provided at the time of shifting the investments to AFS category from HTM category as also on subsequent valuations which should be done at quarterly or more frequent intervals based on the fi nancial statements received from the VCF. At least once in a year, the units should be valued based on the audited results. However, if the audited balance sheet/fi nancial statements showing NAV fi gures are not available continuously for more than 18 months as on the date of valuation, the investments are to be valued at `1per VCF.
153ANNUAL REPORT 2018-19
4.3 J¡a-{ZînmXH {Zdoe
H ) Ho§ Ð gaH$ma Ûmam Jma§Qr©H¥$V à{V^y{V`mo§ H$mo Nmo‹SH a g^r à{V^y{V`mo§ H$mo, Ohm± _ybYZ `m ã`mO H$s MwH$mo¡Vr Xo` VmarI go 90 {XZmo§ Ho A§Xa Zht H$s JB© h¡, J¡a-{ZînmXH {Zdoemo§ Ho ên _o§ dJr©©H¥$V {H m J`m h¡& Ho§ Ð gaH$ma Ûmam Jma§Qr©H¥$V à{V^y{V`mo§ H$moo _ybYZ/ã`mO AXm`Jr ~H$m`m ahZo Ho ~mdOyX {ZînmXH {Zdoemo§ Ho ên _o§ _mZm J`m h¡& J¡a-{ZînmXH Ho ên _o§ dJr©©H¥$V {Zdoemo§ Ho g§~§Y _o§ BZ {Zdoemo§ Ho _yë` _o§ _yë`hmg hoVw Cn`wº àmdYmZ {H E JE h¢& BZ à{V^y{V`mo§ Ho g§~§Y _o§ Ano{jV _yë`õmg AÝ` {ZînmXH à{V^y{V`mo§ Ho g§~§Y _o§ _yë`d¥{Õ Ho gmW g_§OZ Zht {H `m J`m h¡&
I) Ohm± ~¢H H$m {H gr nmQr©/JŒwn _o§ G$U Ed§ {Zdoe XmoZmo§ _o§ ~¢H em{_b h¡ VWm G$U H$moo J¡a-{ZînmXH AmpñV Ho ên _o§ dJr©H¥$V H aZo H$s pñW{V _o§ BZ_o§ {Zdoe H$moo ^r J¡a-{ZînmXH Ho ên _o§ dJr©H¥$V {H `m OmVm h¡&
ñnîQrH aU
`{X {ZJ©_H Vm© Ûmam br hwB© H$mooB© ^r G$U gw{dYm ~¢H H$s ~hr _o§ J¡a-{ZînmXH h¡ Vmo Cgr {ZJ©_H Vm© Ûmam Omar {H gr ^r A{Y_mZr eo`a g{hV {H gr r à{V y{V _o§ CgH$m {Zdoe EZnrAmB© _mZm OmEJm& hmbm§{H `{X Ho db A{Y_mZr eo`a EZnrAmB© Ho ên _o§ dJr©©H¥$V {H E OmVo h¢ Vmo Cgr {ZJ©_H Vm© Ûmam {H gr AÝ` {ZînmXH à{V^y{V`mo§ _o§ {H E JE {Zdoe
H$moo EZnrAmB© Ho ên _o§ dJr©©H¥$V Zht {H `m OmEJm Ed§ CYmaH Vm© H$moo Xr J`r {H gr ^r {ZînmXH G$U gw{dYm H$moo EZnrE Zht _mZm OmEJm&
4.4 aonmo boZXoZmo§ Ho {bE boIm§H Z
~mµOma aonmo Ho VhV aonmo/{adg© aonmo boZXoZmo§ Ho {bE n{anÌ
g§X^©: g§»`m RBI/2018-19/24 FMRD.DIRD.01/14.03.038/
2018-19, {XZm§{HV 24.07.2018 Ho O{aE ^m.{a.~¢. Ûmam {ZYm©{aV
boIm§H Z _mZX§S VWm Mb{Z{Y g_m`moOZ gw{dYm("EbEE\')
VWm gr_m§V ñWmB© gw{dYm (E_EgE\ ) Ho VhV aonmo/{adg© aonmo boZXoZmo§ Ho {bE g§X^© ^m.{a.~¢./2015-2016/403 E\ E_AmaSr.SrAmB©AmaSr.10/14.03.002/2015-16 {XZm§{H V 19.05.2016
Ho O{aE Omar boIm§H$Z {Xem{ZXoemo§ H$m AZwnmbZ ~¢H$ Ûmam {H$`m OmVm h¡&
aonmo/{adg© aonmo boZXoZmo§ Ho {bE ~¢H$moo§ Ûmam Ama~rAmB© Ho EbEEµ\ Ed§ _m{O©Zb ñQ¢qSJ \¡ {g{bQr (E_EgEµ\) Ho VhV nmbZ H$s OmZo dmbr boIm§H$Z _mZH$, _mHo© Q aonmo boZXoZmo§ Ho {bE {ZYm©{aV
boIm§H$Z _mZH$ Ho AZwên hmoJm& BgHo A{V[aº$ _mHo© Q aonmo boZXoZmo§ go Ama~rAmB© Ho aonmo/{adg© aonmo boZXoZmo§ H$moo {^Þ H$aZo Ho {bE, _mHo© Q aonmo§ boZ-XoZmo§ hoVw Mbm`o Om aho ImVmo§ H$s Vah EH$ g_mZmÝVa ImVmo§ Ho goQ H$moo, {OgHo AmJo ""Ama~rAmB©' bJm hmo, H$moo Mbm`m Om gH$Vm h¡&
4.3 Non-performing Investments
a] All such securities where repayment of principal or interest not serviced within 90 days from the due date are classifi ed as Non-Performing Investments, except securities guaranteed by the Central Government which are treated as performing investments notwithstanding arrears of principal/interest payments. In respect of investments classifi ed as Non-performing, appropriate provisions are made for the depreciation in the value of these investments. The depreciation requirement in respect of these securities is not set off against appreciation in respect of other performing securities.
b] Where the Bank has both credit and investment exposures to any borrower/group and in the event the credit exposure is classifi ed as Non-Performing asset, the investment exposure to them is also classifi ed as Non-Performing.
Clarifi cations:
If any credit facility availed by the issuer is NPA in the books of the bank, investment in any of the securities, including preference shares issued by the same issuer would also be treated as NPI and vice versa. However, if only the preference shares are classifi ed as NPI, the investment in any of the other performing securities issued by the same issuer may not be classifi ed as NPI and any performing credit facilities granted to that borrower need not be treated as NPA.
4.4 ACCOUNTING FOR REPO TRANSACTIONS
The Bank follows the accounting norms prescribed by the RBI vide circular Ref. No. RBI/2018-19/24 FMRD.DIRD.01/14.03.038/2018-19 dated 24.07.2018 in respect of repo/reverse repo transactions under market repo and the accounting guidelines issued vide Ref. RBI/2015-2016/403 FMRD.DIRD.10/14.03.002/2015-16 dated 19.05.2016 in respect of repo/reverse repo transactions under Liquidity Adjustment Facility (LAF) and the Marginal Standing Facility (MSF).
The accounting norms to be followed by Bank for repo/reverse repo transactions under LAF and the Marginal Standing Facility (MSF) of RBI shall be same as prescribed for market repo transactions. Further, in order to distinguish repo/reverse repo transactions with RBI from market repo transactions, a parallel set of accounts similar to those maintained for market repo transactions but prefi xed with ‘RBI’ may be maintained.
154
EbEEµ\ /E_EgEµ\ boZXoZ _o§ ho`aH$Q H$s JUZm g_nm{œ©H$ à{V^y{V`mo§ Ho A§{H$V _yë` Ho ~OmE ~mµOma _yë` na hr H$ao§&
Ama~rAmB© Ho gmW {adg© aonmo Ho VhV A{O©V à{V^y{V`mo§ H$mo EgEbAma H$m XOm© àXmZ H$ao§ Ed§
Ama~rAmB© Ho n{anÌ g§»`m Eµ\ E_AmaSr & SrAmB©AmaSr.5/ 14.03.002/2014-15 {XZm§{H$V 05 \ adar 2015 _o§ C„o{IV {Z`_mo§ Ho AZwgma ~mOma à{V^m{J`mo§ Ho gmW EbEEµ\ {adg© aonmo Ho VhV A{O©V à{V^y{V`mo§ Ho nwZa-aonmo H$s AZw_{V Xo§&
4.5 {Zdoe boZXoZmo§ hoVw boIm§H$Z
i) ~¢H$ AnZo {Zdoemo§ Ho boIm§H$Z hoVw {ZnQmZ VmarI nÕ{V H$m nmbZ H$aVm h¡;
ii) bmJV ^m{aV Am¡gV bmJV nÕ{V na {ZYm©{aV H$s JB© h¡;
iii) à{V^y{V`mo§ Ho {dHŒ ` na bm^ H$m {dHŒ ` na hm{Z Ho gmW {Zdb {ZH$mbm J`m h¡; Ed§
iv) {ZåZ{b{IV {Zdoemo§ H$s {~H«$s na, Am` _o§ CVma-M‹Tmd Ho H$maU CËnÞ hmoZo dmbr Am`/hm{Z H$m {hñgm bm^/hm{Z Ho ên _o§ _mZm OmEJm:
H$) {ZYm©{aV Am` à{V^y{V`mo§ H$s {~H«$s H$s_V/_moMZ _yë` VWm ~hr _yë` Ho ~rM Ho A§Va H$moo {Zdoemo§ H$s {~H«$s na bm^ `m hm{Z Ho ên _o§ _mZm OmE&
I) Vab å`yMwAb \§ S g{hV å`yMwAb \§ S {~H«$s H$s_V/ _moMZ _yë` VWm ~hr _yë` Ho ~rM Ho A§Va H$moo {Zdoemo§ H$s {~H«$s na bm^ `m hm{Z Ho ên _o§ _mZm OmE&
J) Vab å`yMwAb \§ S g{hV å`yMwAb \§$S {~H«$s H$s_V/ _moMZ _yë` VWm ~hr _yë` Ho ~rM Ho A§Va H$moo {Zdoemo§ H$s {~H«$s na bm^ `m hm{Z Ho ên _o§ _mZm OmE& ~ÅmJV à{V^y{V`mo§, AWm©V² , grSr/grnr/Qr-{~b hoVw, {~H«$s H$s_V VWr aImd bmJV (~hr _yë` + Cn{MV ã`mO) Ho ~rM Ho A§Va H$moo {Zdoe na bm^/hm{Z Ho ên _o§ _mZm OmE&
5. pñWa AmpñV`m±
H$] i. pñWa AmpñV`mo§ H$moo g§{MV _yë`õmg VWm hm{Z hoVw àmdYmZ H$moo H$_ H$aVo hwE bmJV na Xem©`m J`m h¡& bmJV _o§ HŒ ` H$s_V VWm AmpñV H$moo CgHo A{^àoV à`moJ hoVw CgHo H$m`© H$aZo H$s pñW{V _o§ bmZo hoVw ghm`H$ H$mooB© ^r bmJV em{_b h¡& pñWa AmpñV`mo§ H$s {Z{hV am{e H$s àË`oH$ VwbZ-nÌ {XZm§H$ H$moo g_rjm H$s OmVr h¡ VWm {H$gr ^r j{V hoVw AmB©grEAmB© Ûmam Bg g§~§Y _o§ Omar boIm§H$Z _mZH$ 28 (AmpñV`mo§ H$s j{V) Ho AZwgma g_m`mo{OV {H$`m J`m h¡&
ii. ^y{_ Am¡a {~pëS§J (brOYmaU ^y{_ H$moo NmoSH$a), Omo {H n{aga H$m EH$ ^mJ h¡, H$m {gV§~a, 2018 Ho Xm¡amZ
Reckon the market value of collateral securities for calculating the haircut instead of face value while initiating the LAF/MSF transactions;
Bestow SLR status to the securities acquired by banks under reverse repo with RBI; and
Allow re-repo of securities received under LAF reverse repo with market participants subject to the conditions prescribed in RBI circular FMRD.DIRD.5/14.03.002/2014-15 dated February 5, 2015.
4.5 Accounting For Investment Transactions
i) The Bank follows settlement date method of accounting its investments;
ii) Cost is determined on weighted average cost method;
iii) Profi t on sale is netted with loss on sale of securities; and
iv) The portion of income/loss that arises on account of movement in the yield, when the following investments are sold, will have to be treated as profi t/loss:
a) The difference between the sale price/ redemption value of fi xed income securities and its book value shall be treated as profi t or loss on sale of investments.
b) The difference between sale price/redemption value of mutual funds including liquid Mutual Funds and its book value shall be treated as profi t/loss on sale of investments.
c) In respect of discounted securities viz. CD/CP/T-Bills, difference between sale price and carrying cost (book value + accrued interest) shall be treated as profi t/ loss on investment.
5. FIXED ASSETS
a] i. Fixed assets are stated at cost less accumulated depreciation and provision for impairment. Cost comprises of the purchase price and any cost attributable for bringing the asset to its working condition for its intended use. The carrying amounts of fi xed assets are reviewed at each Balance Sheet date and adjusted for any impairment in accordance with the Accounting Standard 28 (“Impairment of Assets”) issued in this regard by the ICAI.
ii. Land and Buildings (other than Leasehold Land) being part of Premises revalued during
155ANNUAL REPORT 2018-19
nwZ_y©ë`m§H$Z {H$`m J`m Ed§ Cgo Xmo _yë`m§H$Z {anmoQmoª Ho Am¡gV ~mµOma _yë` Ho ên _o§ Xem©`m J`m Am¡a Eogr AmpñV`mo§ Ho dgybr `mo½` _yë` H$moo nwZ_y©ë`m§H$Z Ama{jV {Z{Y`mo§ _o§ O_m H$aHo {XIm`m J`m h¡& n{aUm_ñdên, BZ AmpñV`mo§ na _yë`õmg H$moo bm^ d hm{Z ImVo _o§ à^m{aV {H$`m J`m h¡ VWm g_mZ am{e H$moo g§{MV _yë`õmg _o§ g_m`mo{OV {H$`m J`m h¡& _yë`õmg VWm nwZ_y©ë`m§{H$V aImd am{e Ho ~rM Ho A§Va VWm CgH$s _yb bmJV na _yë`õmg H$moo AmB©grEAmB© g§ñWmZ Ûmam Bg g§~§Y _o§ Omar ""g§n{Îm, g§`§Ì d CnH$aU'' boIm§H$Z _mZH$ (EEg) 10 Ho AZwgma "^y{_ VWm ^dZ Ho nwZ_y©ë`m§H$Z hoVw Ama{jV {Z{Y' go "gm_mÝ` Ama{jV {Z{Y' _o§ A§V{aV {H$`m OmVm h¡&
iii. AmpñV`mo§ H$s j{V… Ohm± {H$Ýht KQZmAmo§ Am¡a n{apñW{V`mo§ _o§ n{adV©Zmo§ Ho H$maU
Eogm hmo OmVm h¡ {H$ {H$gr AmpñV Ho aImd am{e H$s dgybr Zht hmo gH$Vr h¡, dhm± pñWa AmpñV`mo§ H$s j{V hoVw g_rjm H$s JB© h¡& Ym{aV Am¡a Cn`moJ H$s OmZo dmbr AmpñV`mo§ H$s dgybr j_Vm {H$gr AmpñV H$s aImd am{e go Cº am{e go àË`m{eV ^mdr {Zdb ~Åm©H¥$V ZH$X àdmh H$s VwbZm Ûmam _mnm OmVm h¡& `{X Eogr AmpñV`mo§ H$moo jV _mZm OmVm h¡, Vmo Cº AmpñV Ho C{MV _yë` go {OVZr A{YH$ CgH$s aImd am{e h¡, Cggo j{V H$m {ZYm©aU {H$`m OmVm h¡&
iv. H$m`©JV ny±Or _o§ pñWa AmpñV`mo§ H$s bmJV em{_b h¡ Omo AnZo A{^àoV à`moJ hoVw V¡`ma Zht h¡ VWm pñWa AmpñV`m± A{O©V H$aZo hoVw àXÎm A{JŒ_ ^r em{_b h¡&
I] ny±OrH$aU Ho {XZm§H$ go Ohm± grYr aoIm nÕ{V Ho VhV _yë`õmg àXmZ {H$`m J`m h¡& H§$nZr A{Y{Z`_, 2013 H$s AZwgyMr-II Ho àmdYmZ Ho AZwgma AmpñV Ho Cn`moJr g_` na {dMma H$aVo hwE AmpñV`mo§ hoVw _yë`õmg àXmZ {H$`m J`m h¡& gmdYmZr Ho _m_bo Ho ên _o§ ~¢H$ Zo nm`m {H$ {ZåZ{b{IV AmpñV`mo§ H$m Cn`moJr g_` H§$nZr A{Y{Z`_, 2013 H$s AZwgyMr-II (g§X^©: Ymam 123) _o§ Cp„{IV AmpñV`mo§ Ho g§~§{YV àdJ© Ho Cn`moJr g_` go H$_ h¡:
H ) _moQa gmB©H$b, ñHy$Qa Am¡a AÝ` _monoS - 8 df© (H§$nZr A{Y{Z`_ AZwgyMr-II _o§ Cp„{IV {Z`V Am`w 10 df© Ho gmnoj)
I) _mo~mBb \$mooZ - 3 df© (H§$nZr A{Y{Z`_ AZwgyMr-II _o§ Cp„{IV {Z`V Am`w 15 df© Ho gmnoj)
J) `ynrEg VWm g§~Õ _Xo§ -5 df© (H§$nZr A{Y{Z`_ AZwgyMr-II _o§ Cp„{IV {Z`V Am`w 10 df© Ho gmnoj)
K) E`a H§$SreZa Am¡a BbopŠQ—H$b {\ qQJ - 5 df© (H§$nZr A{Y{Z`_ AZwgyMr-II _o§ Cp„{IV {Z`V Am`w 10 df© Ho gmnoj)
L) nÅmYmar gwYmamo§ H$m 5 dfmoª H$s Ad{Y Ho {bE _yë`õmg {H$`m OmVm h¡&
September 2018 are stated at the average market value of two Valuation reports by crediting to Revaluation reserve. Consequently, depreciation on these assets is charged to Profi t and Loss account and an equal amount is adjusted to the accumulated depreciation. Difference between the depreciation and revalued carrying amount and depreciation on its original cost is transferred from “Reserve for revaluation of Land and Building“ to “General Reserve” in accordance with AS 10 “Property, Plant and Equipment issued in this regard by the ICAI”.
iii. Impairment of Assets:
Fixed Assets are reviewed for impairment whenever events or changes in circumstances warrant that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net discounted cash fl ows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognised is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset.
iv. Capital Work-in-progress includes cost of fi xed assets that are not ready for their intended use and also includes advances paid to acquire fi xed assets.
b] Depreciation shall be provided under the straight line method from the date of capitalization. The assets are depreciated taking into consideration the useful life of the asset as provided in Schedule II of the Companies Act, 2013. The Bank as a matter of prudence fi nds that the useful life of the following assets is lower than the useful life of the respective category of assets mentioned in Schedule II (ref.: Sec. 123) of the Companies Act, 2013 as stated below:
a. Motor Cycles, scooters and other mopeds - 8 years (As against standard life mentioned in Companies Act Schedule-II -10 years)
b. Mobile Phones - 3 years (As against standard life mentioned in Companies Act Schedule-II -15 years)
c. UPS and allied items - 5 years (As against standard life mentioned in Companies Act Schedule - II -10 years)
d. Air conditioners and Electrical fi ttings - 5 years(As against standard life mentioned in Companies Act Schedule-II - 10 years)
e. Leasehold Improvements are depreciated over period of 5 years.
156
M) Ohm± y{_ Ed§ dZ H$m _yë` AbJ-AbJ Zht {b`m J`m h¡, dhm± n{aga na _yë`õmg g§`wº bmJV na àXmZ {H$`m J`m h¡&
6. {dXoer {d{Z_` g§~§Yr boZXoZ
H$) {dXoer _wÐm _o§ {H$E JE boZXoZmo§ Ho boZXoZ H$s {V{W H$moo bmJy Xamo§ na n{aH${bV {H$`m J`m h¡& {dXoer _wÐm _m¡{ÐH$ AmpñV`m± Ed§ Xo`VmE§ VwbZ-nÌ H$s {V{W Ho ^maVr` {dXoe {d{Z_` Srba Egmo{gEeZ (E\ B© Sr E AmB©) Ûmam A{Ygy{MV A§{V_ {d{Z_` Xamo§ na n{aH${bV H$s JB© h¢ VWm n{aUm_r bm^/hm{Z`m± bm^ Ed§ hm{Z ImVo _o§ em{_b H$s JB© h¢&
I) {dXoer _wÐm J¡a-_m¡{ÐH$ _Xo§ Omo na§namJV bmJV Ho AZwgma br JB©, boZXoZ H$s VmarI Ho {d{Z_` Xa H$m à`moJ H$aHo {anmoQ© H$s JB© h¢&
J) Q—oqSJ Ho {bE Ym{aV ~H$m`m dm`Xm {d{Z_` hm{Oa d dm`Xm H$ama {d{Z{X©îQ n{an¹VmAmo§ hoVw E\ B© Sr E AmB© Ûmam A{Ygy{MV {d{Z_` Xamo§ na nwZ_y©ë`m§{H$V {H$E JE h¢ VWm n{aUm_r bm^ `m hm{Z H$moo bm^ hm{Z ImVo _o§ {b`m J`m h¡&
K) {dXoe {d{Z_` dm`Xm g§{dXmE§, Omo Q—oqSJ hoVw C{ÔîQ Zht h¢ VWm VwbZ nÌ Ho {XZm§H$ H$moo ~H$m`m h¢, CZH$m nwZ_y©ë`Z E\ B© Sr E AmB© Ûmam A{Ygy{MV A§{V_ hm{µOa Xamo§ na {H$`m J`m h¡ VWm n{aUm_r bm^ `m hm{Z bm^-hm{Z ImVo _o§ Xem©B© JB© h¡& Eogo dm`Xm {d{Z_` g§{dXm Ho àma§^ na CËnÞ àr{_`_ `m ~Åo H$moo g§{dXm Ad{Y _o§ ã`mO ì`` AWdm Am` Ho ên _o§ n{aemo{YV {H$`m J`m h¡&
L) {dXoer _wÐm _o§ AmH$pñ_H$ Xo`VmAmo§ Ho E\ B© Sr E AmB© H$s A§{V_ hm{µOa Xamo§ H$m Cn`moJ H$aHo {anmoQ© {H$`m J`m h¡&
7. ì`wËn{Þ`m±
H$) ~¢H$ {dXoer _wÐm ã`mO Xa ñd¡n, _wÐm ñd¡n, _wÐm â`wMa, Am°ßeZ VWm dm`Xm Xa H$ama O¡go ì`wËnÞ g§{dXmE§ H$aVm h¡&
I) ì`wËnÞ H$amamo§ na ~Mmd (hoO) Ho ên _o§ dJr©©H¥$V Am`/ì`` CnM` AmYma na XO© H$s JB© h¡&
J) g^r Q—oqSJ ì`wËnÞ g§{dXmE§ ~mOma Xa na {Z{X©îQ H$s JB© h¢ VWm n{aUm_r bm^ `m hm{Z bm^-hm{Z boIo _o§ {d{Z{X©îQ H$s JB© h¡&
K) g^r ì`wËnÞ boZXoZ AmH$pñ_H$ Xo`VmAmo§ Ho VhV dJr©©H¥$V {H$E JE h¢ VWm {dXoer _wÐm _yë`dJ© Ho boZXoZmo§ H$moo E\ B© Sr E AmB© A§{V_ hm{µOa Xamo§ H$m à`moJ H$aHo {anmoQ© {H$`m J`m h¡&
8. ~hw_yë` YmVw {Z{hV boZXoZ
H$) ~hw_yë` YmVw boZXoZ go àmßV Am` H$moo ‘AÝ` Am`’ Ho ên _o§ boIm§{H$V {H$`m J`m h¡& naofU AmYma na àmßV YmVwAmo§ Ho _m_bo _o§ Cgo {~H«$s Ho g_` H$s Am` Ho AmYma na {ZYm©aU {H$`m J`m h¡&
f. Depreciation on premises is provided for on composite cost, wherever the value of land and building is not separately identifi ed.
6. TRANSACTIONS INVOLVING FOREIGN EXCHANGE
a. Transactions denominated in foreign currencies are accounted for at the rates prevailing on the date of the transaction. Foreign currency monetary assets and liabilities are translated at the balance sheet date at closing exchange rates notifi ed by Foreign Exchange Dealers Association of India [‘FEDAI’] and the resulting profi ts/losses are recognized in the profi t and loss account.
b. Foreign Currency non-monetary items, which are carried in terms at historical cost, are reported using the exchange rate at the date of the transaction.
c. Outstanding foreign exchange spot and forward contracts meant for trading purpose are revalued at the exchange rates specifi ed for spot and the respective forward maturities as notifi ed by FEDAI. The resulting profi t or loss is shown under Profi t or Loss account.
d. Foreign exchange forward contracts, which are not intended for trading and are outstanding at the balance sheet date, are revalued at the closing spot rate as notifi ed by FEDAI and the resulting profi t or loss is shown under Profi t or Loss account. The premium or discount arising at the inception of such a forward exchange contract is amortized as interest expense or income over the period of the contract.
e. Contingent liabilities denominated in foreign currency are reported using the FEDAI closing spot rates.
7. DERIVATIVES
a) The bank enters into derivative contracts such as foreign currency interest rate swaps, currency swaps, currency futures, options and forward rate agreements.
b) The income/expenses on derivative contracts classifi ed as hedge are recorded on accrual basis.
c) All trading derivative contracts are marked to market and the resultant gains or losses are recognized in the profi t and loss account.
d) All derivative transactions are classifi ed under contingent liabilities and those denominated in foreign currencies are reported using the FEDAI closing spot rates.
8. TRANSACTIONS INVOLVING PRECIOUS METALS
a] Income from precious metals transactions is accounted for as “Other Income”. In case of metals received on consignment basis, the income thereon is recognized at the time of sale.
157ANNUAL REPORT 2018-19
I) ~hw_yë` YmVwAmo§ Ho ê$n _o§ JŒmhH$moo§ H$moo {XE JE nÊ` G$Umo§ VWm OZVm go ñdU© O_m `moOZm Ho A§VJ©V àmßV O_mAmo§ H$moo Ad{Y g_mpßV Ho g_` àM{bV ~mµOma g§~Õ Xamo§ _o§ n{ad{V©V {H$`m J`m h¡ VWm HŒ _e… A{JŒ_’ Am¡a "O_mE±' erf© Ho VhV Xem©`m J`m h¡&
J) ~hw_yë` YmVwAmo§ Ho A§{V_ ñQmH$ H$moo (AnZo boZXoZ) bmJV go {ZåZ VWm {Zdb dgybr `mo½` _yë` na Am±H$m J`m h¡&
K) ñdU© O_m `moOZm Ho A§VJ©V Ym{aV ñdU© Ho A§{V_ ñQmH$ H$moo ^maVr` {aµOd© ~¢H$ Ho {Xem{ZXo©emo§ Ho AZwgma ~mµOma g§~Õ Xamo§ na Am±H$m J`m h¡&
9. ZH$Xr Ed§ ^maVr` {aOd© ~¢H$ _o§ eof
ZH$Xr VWm ^maVr` {aµOd© ~¢H$ _o§ eof _o§ hñVJV d EQrE_mo§ _o§ ZH$Xr VWm hñVJV ñdU© Ed§ ^maVr` {aµOd© ~¢H$ Ho nmg Mmby ImVo _o§ eof em{_b h¢&
10. H$_©Mmar {hVbm^
H) ^maVr` gZXr boImH$ma g§ñWmZ (AmB©grEAmB©) Ûmam Omar boIm§H$Z _mZH 15 Ho AZwgma H$_©Mmar {hVbm^ hoVw ~¢H$ ImVo h¢&
I) i) n{a^m{fV bm^ `moOZmE§ JŒ¡À`wQr, no§eZ Am¡a NwÅr ZH$XrH$aU H$moo Xo` A§eXmZ H$m boIm§H$Z VwbZ nÌ Ho {XZm§H$ H$moo ñdV§Ì ~r_m§H$H$ Ûmam {H$E JE dmñV{dH$ _yë`m§H$Z Ho AmYma na {H$`m OmVm h¡&
ii) {Z{X©îQ ^{dî` {Z{Y/amîQ—r` no§eZ `moOZm (EZnrEg)
Omo n{a^m{fV A{^XmZ `moOZmE± h¢, BZ_o§ Xo` A§eXmZ H$moo bm^ Am¡a hm{Z ImVo _o§ à^m{aV {H$`m J`m h¡&
11. nÅmJV boZXoZ
n{aMmbZ nÅo na br JB© AmpñV`mo§ hoVw nÅo Ho wJVmZmo§ H$moo nÅo H$s Ad{Y _o§ grYr aoIm nÕ{V Ho AmYma na bm^-hm{Z boIo _o§ ì`` Ho ên _o§ {b`m J`m h¡&
12. AmH$pñ_H$ Xo`VmE§ Ed§ àmdYmZ
^maVr` gZXr boImH$ma g§ñWmZ (AmB©grEAmB©) Ûmam Omar EEg 29 “àmdYmZ, AmH$pñ_H$ Xo`VmE§ VWm AmH$pñ_H$ AmpñV`m§” Ho AZwên ~¢H$ àmdYmZmo§ H$m {ZYm©aU Ho db V^r H$aVm h¡ O~ {dJV {H$gr KQZm Ho \ bñdên Cgo dV©_mZ Xm{`Ëd hmoVm h¡& `h g§^d h¡ {H$ O~ Xm{`Ëd H$m {dœgZr` àm¸ bZ {H$`m Om gH$Vm h¡ V~ Am{W©H$ bm^ A{^ì`º H$aZo dmbo g§gmYZmo§ Ho ~mha àdmh go Xm{`Ëd H$m {ZnQmZ H$aZm n‹So&
g§^m{dV Xm{`Ëd CËnÞ H$aZo dmbo {nNbr KQZmAmo§ H$s nwpîQ {OZH$m ApñVËd EH$ AWdm A{YH$ A{Z{üV mdr KQZmAmo§, Omo nyU©V… ~¢H$ Ho {Z`§ÌU _o§ Zht h¢, Ho KQZo `m Z KQZo na hr, H$s OmEJr AWdm dV©_mZ Xm{`Ëd, Ohm± `h g§^mì` Zht h¡ {H$ Am{W©H$ bm^ CËnÞ H$aZo dmbo g§gmYZmo§ H$m H$mooB© ~{hdm©h Xm{`Ëd H$m {ZnQmZ H$aZo hoVw Ano{jV hmoJm
b] Commodity loans to the constituents and deposits from public under the gold deposit scheme in the form of precious metals are translated at market related rates prevailing at the close of the period and shown under the head “Advances” and “Deposits” respectively.
c] Closing stock of precious metals [own dealing] is valued at lower of the cost and net realizable value.
d] Closing stock of gold held under Gold Deposit Scheme is valued at market related rates, as per RBI guidelines.
9. CASH AND BALANCES WITH RESERVE BANK OF INDIA
Cash and Balance with Reserve Bank of India include cash on hand and in ATMs, and gold in hand and balances with RBI in current accounts.,
10. EMPLOYEE BENEFITS
a) The Bank has accounted for Employee Benefi ts as per Accounting Standard 15 issued by the ICAI.
b) i) Contributions payable to Gratuity, Pension and Leave Encashment etc., which are defi ned benefi ts, based on actuarial valuations, at the Balance Sheet date, carried out by an independent actuary;
ii) Contributions payable to the recognized provident fund/National Pension Scheme (NPS), which is a defi ned contribution scheme; are charged to the profi t and loss account.
11. LEASE TRANSACTIONS
Lease payments for assets taken on operating lease are recognized as an expense in the profi t and loss account on a straight-line basis over the lease term.
12. CONTINGENT LIABILITIES AND PROVISIONS
In conformity with AS 29, “Provisions, Contingent Liabilities and Contingent Assets”, issued by the ICAI, the Bank recognizes provisions only when it has a present obligation as a result of a past event, it is probable that an outfl ow of resources embodying economic benefi ts will be required to settle the obligation, and when a reliable estimate of the amount of the obligation can be made.
Past events leading to possible obligations existence of which will be confi rmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Bank; or present obligations where it is not probable that an outfl ow of resources embodying economic benefi ts will be required to
158
AWdm Xm{`Ëd H$s am{e H$m {dœgZr` àm¸ bZ Zht {H$`m Om gH$Vm
h¡, BÝho§ AmH$pñ_H$ Xo`VmAmo§ Ho ê$n _o§ _mZm OmVm h¡ VWm boIm§H$Z
_mZH$ 29 Ho AZwgma H$m`©dmB© H$s OmVr h¡&
{dÎmr` {ddaUmo§ _o§ AmH$pñ_H$ AmpñV`mo§ H$m {ZYm©aU Zht {H$`m OmVm
h¡&
13. Am` na H$a
Am` H$a ì`` _o§ Mmby H$a (AWm©V² Am` H$a H$mZyZ Ho AZwgma {ZYm©{aV
Ad{Y hoVw H$a H$r am{e) VWm AmñW{JV H$a à^ma `m O_m (Ad{Y
hoVw boIm§H$Z Am` VWm H$a `mo½` Am` Ho ~rM g_` Ho A§Va H$m H$a
à^md à{Vq~{~V H$aZo dmbm) em{_b h¡&
H$) bmJy H$a Xamo§, H$a {d{Y`mo§ Am¡a AZwHy$b Ý`m{`H$ CX²¿mmofUmAmo§/
{d{YH$ A{^_Vmo§ Ho AZwgma H$amYmZ àm{YH$m{a`mo§ H$moo ^wJVmZ
hoVw Ano{jV am{e Ho AmYma na Mmby H$a H$moo _mnm J`m h¡&
I) AmñW{JV H$a à^ma `m O_m VWm AZwênr AmñWm{JV H$a
Xo`VmAmo§ `m AmpñV`mo§ H$mo CZ H$a Xamo§ Ho à`moJ go {ZYm©{aV
{H$`m J`m h¡ Omo VwbZ-nÌ {XZm§H$ VH$ A{Y{Z`{_V `m _yb
ê$n go A{Y{Z`{_V H$s JB© h¢& ^m{a~¢ H$s gyMZm Ho AZwgma ~¢H$
AmñW{JV H$a Xo`VmAmo§ H$mo Am`H$a A{Y{Z`_ H$s Ymam 36
(i) (viii) Ho A§VJ©V g¥{OV ""{deof Ama{jV {Z{Y'' H$mo àXmZ
H$aVm h¡& AmñW{JV H$a AmpñV`mo§ H$m {ZYm©aU Cgr gr_m VH$
{ddoH$mZwgma {H$`m J`m h¡ Ohm± `h g§^mì` {Z{üVVm ahVr h¡ {H$
AmpñV`mo§ H$mo ^{dî` _o§ àmßV {H$`m Om gH$Vm h¡&
14. à{V eo`a AO©Z
_yb Ed§ VZy©H¥$V à{V eo`a Am` H$m n{aH$bZ ^maVr` gZXr boImH$ma
g§ñWmZ Ûmam Omar boIm§H$Z _mZH$ 20 à{V eo`a AO©Z Ho AZwên
{H$`m J`m h¡&
15. {Q—Ja Bdo§Q Ho hmoZo na ~ogb III AmYm{aV A{V{aº {Q`a I ~m°ÊS
VWm {Q`a II ~m°ÊS H$m {ZênU:
H$] {Q—Ja Bdo§Q AWm©V², gm_mÝ` Bp¹Qr {Q`a I {Q—Ja Bdo§Q Ho hmoZo na
~¢H$ ~m°ÊSmo§ Ho ~H$m`m _ybYZ H$m AdboIZ H$aoJm Omo ""EQr1
~m°ÊS {aµOd©'' Ho g¥OZ Ûmam Cnamoº grB©Qr1 {Q—Ja Bdo§Q H$mo ~¢H$
Ho$ gm_mÝ` Bp¹Qr AZwnmV H$s VËH$mb dmngr hoVw Ano{jV am{e
go H$_ Zht hmoJm& Bg àH$ma g¥{OV {aµOd© gm_mÝ` Bp¹Qr {Q`a I
ny±Or ~m°ÊS H$m ^mJ hmoJm {Ogo grB©Qr1 {Q—Ja Bdo§Q Ho hmoZo na
AñWm`r ê$n go Adbo{IV {H$`m J`m h¡, H$mo EQr-1 ~m°ÊS {aµOd©
_o§ Zm_o H$aVo hwE ~m°ÊS {ZJ©_/^m.{a.~¢. {Xem{ZXo©emo§ Ho AZwgma
nwZ…ñWm{nV {H$`m OmEJm&
settle the obligation; or a reliable estimate of the amount of obligation cannot be made, are treated as contingent liabilities and are dealt-with in accordance with AS-29.
Contingent Assets are not recognized in the fi nancial statements.
13. TAXES ON INCOME
Income-tax expense comprises current tax [i.e. amount of tax for the period determined in accordance with the income-tax law] and deferred-tax charge or credit [refl ecting tax effects of timing differences between accounting income and taxable income for the period].
a] Current tax is measured at the amount expected to be paid to the taxation authorities, using the applicable tax rates, tax laws and favourable judicial pronouncements/legal opinions.
b] The deferred-tax charge or credit and the corresponding deferred-tax liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by the Balance Sheet date. As advised by the RBI, Bank shall create Deferred Tax Liabilities on the “Special Reserves” created by Banks under Section 36 (1) (viii) of the Income Tax Act, 1961. Deferred Tax assets are recognized keeping in view the consideration of prudence only to the extent there is virtual certainty that the assets are realized in future.
14. EARNINGS PER SHARE
Basic and Diluted Earnings per Equity Share are computed in accordance with Accounting Standard 20, Earnings Per Share, issued by the Institute of Chartered Accountants of India.
15. Treatment of Basel III compliant Additional Tier I Bonds and Tier II Bonds on occurrence of Trigger events:
A] On occurrence of Trigger event i.e. Common Equity Tier I trigger event the Bank shall write-down the outstanding principal of the Bonds not less than that the amount required to immediately return the Banks Common Equity Ratio to above the CET1 trigger event by creating “AT 1 Bond Reserve”. The reserve so created shall be part of Common Equity Tier I Capital Bonds written down on occurrence of CET1 Trigger event temporarily may be re-instated in terms of Bond issue /RBI guidelines by debit to AT-1 Bond reserve.
159ANNUAL REPORT 2018-19
B] On occurrence of Point of Non-Viability [PONV] trigger event initiated by Reserve Bank of India, the Bank may create common equity Tier I capital by writing off Additional Tier I Bond principal amount permanently with corresponding creation of AT-1 Bond reserve/Tier II Bond Reserve as the case may be. The re-instatement clause is not applicable on occurrence of PONV trigger event.
I) ^maVr` {aµOd© ~¢H$ Ûmam àma§^ ßdmB§Q Am°\ Zm°Z-dm`o{~{bQr
(nrAmoEZdr) {Q—Ja Bdo§Q Ho hmoZo na, _m_bo Ho AZwgma EQr-1 ~m°ÊS {aµOd©/{Q`a II ~m°ÊS {aµOd© Ho VXZwê$nr g¥OZ Ho gmW ñWm`r ê$n go A{V{aº {Q`a I ~m°ÊS _ybYZ am{e Ho AdboIZ Ûmam gm_mÝ` Bp¹Qr {Q`a I ny±Or H$m g¥OZ H$a gH$Vo h¢&nwZ…ñWmnZm eV© nrAmoEZdr {Q—Ja Bdo§Q H$s KQZm na bmJyZht h¡&
[ P.V. Bharathi]Managing Director & CEO
[Gopal Murli Bhagat] Executive Director
[Birupaksha Mishra] Executive Director
[Manish Gupta] Director
[P. K. Panda] Director
[K. Srinivasa Murthy] Director
[M. Bhagavantha Rao] Director
[Pradeep Kumar Jain] Director
[ Chitra Gouri Lal] Director
[V Muthukrishnan] General Manager
[Gyana Ranjan Sarangi] Deputy General Manager
[Subhash Kumar Keshav] Deputy General Manager
For Datta Singla & Co.Chartered Accountants
FRN: 006185N
[CA Sanjeev Aggarwal]Partner
Membership No. 503932
For A. K. Sabat & Co.Chartered Accountants
FRN: 321012E
[CA A K Sabat ]Partner
Membership No. 30310
For Pramod & AssociatesChartered Accountants
FRN: 001557C
[CA Ravindra Raniwala]Partner
Membership No. 073191For Chandran & RamanChartered Accountants
FRN: 000571S
[CA S G Kalyanaraman]Partner
Membership No. 10652
For S. Ramanand Aiyar & Co.Chartered Accountants
FRN: 000990N
[CA Binod C. Maharana]Partner
Membership No. 056373
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gXñ` g§.056373ñWmZ … _§Jbyé{XZm§H $… 17 ‘B©, 2019
Place : MangaluruDate : 17 May, 2019
160
Schedule 18 – StandaloneNOTES FORMING INTEGRAL PART OF
THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 2019
A. DISCLOSURES REQUIRED IN TERMS OF GUIDELINES ISSUED BY RBI
1.0 CAPITAL
a) Bank has allotted 86,90,47,619 equity shares of 2/- each at a premium of 27.40 per share i.e. at an issue price of 29.40 to Government of India on preferential basis on October 11, 2018 for a total consideration of `2555.00 crore.
b) During the year, the Bank has allotted 5,40,40,570 equity shares of `2/- each at a premium of `17.61 per share i.e. at an issue price of `19.61 per share to eligible employees of the Bank under Corporation Bank Employees Stock Purchase Scheme 2018 on March 8, 2019 for a total consideration of `105.97 crore.
c) During the year, the Bank has allotted 340,55,47,226 equity shares of `2/- each at a premium of `24.68 per share i.e. at an issue price of `26.68 per share to Government of India on preferential basis on March 29, 2019 for a total consideration of `9086.00 crore.
d) The Bank’s Capital to Weighted Risk Assets Ratio (CRAR) has been worked out as per the RBI guidelines. These ratios are given below:
(` H$amo‹S> ‘|/` in crores)
H«$.g§.Sl. No.
{ddaU Particulars
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
~ogb IIIBasel III
~ogb IIIBasel III
i) gm_mÝ` B©{¹$Q>r {Q>¶a 1 ny±Or AZwnmV Common Equity Tier 1 capital ratio 10.39% 5.68%
ii) {Q>¶a 1 ny±Or AZwnmV Tier 1 capital ratio 10.52% 7.27%iii) {Q>¶a 2 ny±Or AZwnmV Tier 2 capital ratio 1.78% 1.96%
iv) Hw$b ny±Or AZwnmV (grAmaEAma) Total Capital ratio (CRAR) 12.30% 9.23%v) ^maV gaH$ma H$s eo¶aYm[aVm H$m à{VeV
Percentage of the shareholding of the Government of India 93.50% 79.87%vi) df© Ho$ Xm¡amZ g§J«{hV B©{¹$Q>r ny±Or H$s am{e
Amount of equity capital raised during the year1. ^maV gaH$ma Ûmam S>mbr JB© ny§Or - `2555 H$amo‹S Capital infused by Govt. of India - `2555 crore 2. H$mn© ~¢H$ B©gnrEg 2018 Ho$ A§VJ©V g§J«{hV ny§Or - `105.97 H$amo‹S Capital raised under CORPBANK ESPS 2018 - `105.97 crores.3. ^maV gaH$ma Ûmam S>mbr JB© ny§Or -`9086 H$amo‹S Capital infused by Govt. of India - `9086 crores
11,746.97 2,187.00
vii) df© Ho$ Xm¡amZ g§J«{hV A{V[aº$ {Q>¶a 1 ny±Or H$s am{e {OZ‘|Amount of Additional Tier 1 capital raised; of which - 800.00
emídV J¡a- g§M`r A{Y_mZ eo`a (nrEZgrnrEg) Perpetual Non-Cumulative Preference Shares (PNCPS) -
emídV F$U {bIV (nrS>rAmB©) Perpetual Debt Instruments (PDI) - 800.00
AZwgyMr 18 - EH$b{Q>ßn{U`m§ Omo 31 _mM©, 2019 H$mo g_má df©
hoVw boIm| H$m A{^ÝZ A§J h¢H$. ^m.[a.~¢ Ûmam Omar {Xem{ZX}em| H$s eVm] Ho$ AZwgma Amdí`H$
àH$Q>U 1.0 ny±Or H$) ~¢H$ Zo `27.40 à{V eo`a Ho$ àr{_`_ na `2/- A§{H$V _yë` Ho$
86,90,47,919 B©{¹$Q>r eo`a 11, Aºy$~a 2018 H$mo `2555.00 H$amo‹S> Ho$ à{V\$b hoVw A{Y_mZVm AmYma na AWm©V `29.40 Ho$ {ZJ©_ _yë` na ^maV gaH$ma H$mo Omar Ed§ Am~§{Q>V {H$E JE&
I) df© Ho$ Xm¡amZ ~¢H$ Zo 17.61 à{V eo`a Ho$ àr{_`_ na 2/- A§{H$V _yë` Ho$ 5,40,40,570 B©{¹$Q>r eo`a 8 _mM©, 2019 H$mo H$mnm}aoeZ ~¢H$ H$_©Mmar ñQ>m°H$ IarX `moOZm 2018 Ho$ A§VJ©V `105.97 H$amo‹S> Ho$ à{V\$b hoVw AWm©V `19.61 à{V eo`a Ho$ {ZJ©_ _yë` na ~¢H$ Ho$ nmÌ H$_©Mm[a`m| H$mo Omar Ed§ Am~§{Q>V {H$E JE&
J) df© Ho$ Xm¡amZ ~¢H$ Zo `24.68 à{V eo`a Ho$ àr{_`_ na `2/- A§{H$V _yë` Ho$ 340,55,47,226 B©{¹$Q>r eo`a 29 _mM©, 2019 H$mo `9086.00 H$amo‹S> Ho$ à{V\$b hoVw A{Y_mZVm AmYma na AWm©V `26.68 à{V eo`a Ho$ {ZJ©_ _wë` na ^maV gaH$ma H$mo Omar Ed§ Am~§{Q>V {H$E JE&
K) ~¢H$ H$s ny±Or _| ^m[aV OmopI_ AmpñV AZwnmV (grAmaEAma) H$s JUZm ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma H$s JB© h¡& `o AZwnmV {ZåZdV² h¢
161ANNUAL REPORT 2018-19
H«$.g§.Sl. No.
{ddaU Particulars
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
~ogb IIIBasel III
~ogb IIIBasel III
viii) g§J«hrV {Q>¶a 2 ny±Or; {OZ‘| goAmount of Tier 2 capital raised; of which -
H$O© ny±Or {bIV… Debt capital instrument - 500.00
A{Y‘mZ eo¶a ny±Or {bIV Preference Share Capital Instruments -emídV g§M¶r A{Y‘mZ eo¶a (nrgrnrEg)Perpetual Cumulative Preference Shares (PCPS) -à{VXo¶ J¡a-g§M¶r A{Y‘mZ eo¶a (AmaEZgrnrEg)Redeemable Non-Cum. Preference Shares (RNCPS) -à{VXo¶ g§M`r A{Y‘mZ eo¶a (AmagrnrEg)Redeemable Cumulative Preference Shares (RCPS) -
2.0 {Zdoe
H$) df© Ho$ Xm¡amZ ""n{an¹Vm VH$ Ym{aV'' dJ© Ho$ VhV AmZodmbr à{V^y{V Ho$ g§~§Y _o§ `78.94 H$amo‹S ({nNbo df© `98.36 H$amoS.) Ho$ àr{_`_ H$mo n{aemo{YV {H$`m J`m &
I) df© Ho$ Xm¡amZ ""Q—oqSJ Ho$ {bE Ym{aV'' dJ© Ho$ VhV AmZodmbr à{V^y{V Ho$ {bE _yë`õmg `0.01 ({nN>bo df© `eyÝ` H$amo‹S>) Wm&
J) df© Ho$ Xm¡amZ "{~H«$s Ho$ {bE CnbãY' dJ© Ho$ VhV {Zdoe Ho$ {bE `58.96 H$amo‹S> H$m _yë`õmg ({nN>bo df© 202.91 H$amo‹S> {X`m J`m) àmdYmZ dm{ng {H$`m J`m &
K) ^m.[a.~¡. Zo AnZo n[anÌ g§X ©.S>r~rAma.g§.~rnr.~rgr. 102/ 21.04.048/2017-18 {XZm§{H$V 02.04.2018 Ed§ S>r~rAma g§.~rnr.~rgr.113/21.04.048/2017 -18 {XZm§{H$V 15.06.2018 Ho$ O[aE ~¢H$m| H$mo {Xg§~a 31, 2017 Ed§ _mM© 31, 2018 Ed§ 30 OyZ 2018 H$mo g_má {V_mhr hoVw EE\$Eg Ed§ EME\$Q>r _| Ym[aV {Zdoe
a) During the year, premium of `78.94 crore (previous year `98.36 crore) was amortized in respect of securities held under “Held to Maturity” category.
b) During the year, there was depreciation of `0.01 crore (previous year nil) for securities held under the “Held for Trading” category.
c) During the year, there was reversal of provision for depreciation of `58.96 crore (previous year `202.91 crore was provided) for investments under the “Available for Sale” category.
d) RBI vide its circulars DBR.No.BP.BC.102/21.04.048/2017-18 dated April 2, 2018 and DBR.No.BP.BC.113/21.04.048/2017-18 dated June 15, 2018 had permitted banks to spread provisioning for mark to market (MTM) losses on investments held in AFS and HFT for the quarters ended 31st December, 2017, 31st
2.0 INVESTMENTS (` H$amo‹S> ‘|/` in crores)
H«$.g§.Sl. No. {ddaU Particulars 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 20181 {Zdoem| H$m _yë` Value of Investments
(i) {Zdoem| H$m gH$b _yë` Gross Value of Investments
H$) (a) ^maV _| In India 61,214.62 71,488.23
I) (b) ^maV Ho$ ~mha Outside India 0.54 0.54
(ii) _yë`õmg hoVw àmdYmZ Provisions for Depreciation
H$) (a) ^maV _| In India 1,235.97 1,139.02
I) (b) ^maV Ho$ ~mha Outside India eyݶ Nil eyݶ Nil
(iii) {Zdoem| H$m {Zdb _yë` Net Value of Investments
H$) (a) ^maV _| In India 59,978.65 70,349.21
I) (b) ^maV Ho$ ~mha Outside India 0.54 0.54
2 {Zdoem| ‘| ‘yë¶õmg hoVw Ym[aV àmdYmZm| H$s pñW{VMovement of provisions held towards depreciation on investmentsàma§{^H$ eof Opening balance 1,139.02 443.67
Omo‹S>o… df© Ho$ Xm¡amZ {H$E JE àmdYmZ Add: Provisions made during the year 332.69 821.26
KQ>mE§… df© Ho$ Xm¡amZ A{YH$ àmdYmZm| H$m AnboIZ/à{VboIZ Less: Write-off/write-back of excess provisions during the year
235.74 125.91
A§{V‘ eof Closing balance 1,235.97 1,139.02
162
na _mH}$ go _mH}$Q> (E_Q>rE_) na hþB© hm{Z Ho$ {bE àmdYmZ H$aZo H$m {dH$ën {X`m h¡& BZ VrZ {V_m{h`m| _| ~¢H$ Ûmam {H$E JE E_Q>rE_ KmQ>m H«$_e: 414.88 H$amo‹S> én o, 99.25 H$amo‹S> én o Am¡a 209.15 H$amo‹S> én o h¡& VXZwgma, ~¢H$ Zo 31 _mM© `232.25 H$amo‹S>, 30 OyZ 2018 H$mo `60.01 H$amo‹S>, Am¡a 30 {gV§~a 2018 H$mo g_má {V_mhr Ho$ {bE `60.01 H$amo‹S> én o H$m àmdYmZ {H$`m Am¡a 31.12.2018 H$mo `109.49 H$amo‹S> F$U_w{º$ eof Wr My§{H$ ~m°ÝS> Xa _| H$_r AmB© Wr Am¡a nmoQ>©\$mo{b`mo H§$nmo{OeZ _| ~Xbmd hþAm Wm, Bg{bE AmñW{JV àmdYmZ {H$E OmZo H$s Amdí`H$Vm Zht Wr Am¡a BgHo$ n[aUm_ñdê$n 31 _mM©, 2019 H$mo g_má {V_mhr Ho$ {bE 52.29 H$amo‹S> én o Ho$ {Zdb àmdYmZ H$s nwZ… àm{á hþB©&
L) df© Ho$ Xm¡amZ ~¢H$ Zo `8692.94 H$amo‹S> (JV df© `2940.94 H$amo‹S>) Ho$ ~hr _yë` H$s à{V^y{V`m| H$mo {~H«$s Ho$ {bE CnbãY àdJ© go `238.52 H$amo‹S >(JV df© 66.47 H$amo‹S>) Ho$ _yë`hmg H$mo ""n[an¹$Vm VH$ Ym[aV'' àdJ© _| A§V[aV {H$`m, `12390.91 H$amo‹S> (JV df© `6186.89 H$amo‹S>) Ho$ ~hr _yë` H$s à{V^y{V`m| H$mo n[an¹$Vm VH$ Ym[aV'' àdJ© go ""{~H«$s Ho$ {bE CnbãY'' àdJ© _| A§V[aV {H$`m h¡, eyÝ` H$amo‹S> (JV df© eyÝ`) Ho$ ~hr _yë` H$s à{V^y{V`m| H$mo "Q´>oqS>J Ho$ {bE Ym[aV' go ""{~H«$s Ho$ {bE CnbãY'' àdJ© _| A§V[aV {H$`m h¡ Am¡a `eyÝ` H$amo‹S> (JV df© eyÝ`) Ho$ ~hr _yë` H$s à{V^y{V`m| H$mo ""Q´>oqS>J Ho$ {bE Ym[aV'' go ""n[an¹$Vm VH$ Ym[aV'' àdJ© _| A§V[aV ^r {H$`m h¡&
M) df© Ho$ Xm¡amZ, EMQ>rE_ àdJ© _|/go à{V^y{V`m| H$s {~H«$s/A§VaU H$m _yë` à{V^y{V`m| H$m g§{d^mJ A§VaU (^m.[a.~¢. Ûmam AZw_V EH$ ~maJr/{deof qdS>mo Ho$ A§VJ©V) Am¡a AmoE_Amo Zrbm{_`m| _| ^m.[a.~¢. H$mo {~H«$s H$mo N>mo‹S>H$a df© Ho$ àma§^ _| EMQ>rE_ àdJ© _| Ym[aV {Zdoe Ho$ ~hr _yë` Ho$ 5% go A{YH$ Wm&
N>) gaH$mar à{V^y{V`m| H$s am{e 661.85 H$amo‹S> (JV df© 1130.43 H$amo‹S>)grgrAmB©Eb/EZEggrgrEb/E_grEŠggrgrEb/AmB©grgrEb Ho$ gmW goQ>b_|Q> Jma§Q>r \§$S> `m {S>\$m°ëQ> \§$S> Ho$ {bE {Jadr aIr OmVr h¡&
O) gaH$mar à{V^y{V`m§ g{hV `20,244.57 H$amo‹S> én`o (JV df© 36,020.53 H$amo‹S> én`o) H$m {Zdoe EbEE\$-aonmo/Q´>oßg/ grAmaAmoE_Eg-aonmo/gr~rEbAmo Ho$ VhV CYma boZo Ho$ {bE {Jadr aIr JB© h¢ (O¡gm {H$ bmJy h¡) {Og_| `5084.32 H$amo‹S> (JV df© 14,451.90 H$amo‹S> Wr) na F$U {b`m J`m h¡&
2.2 aonmo boZXoZ (A§{H$V _yë` Ho$ AmYma na)
March, 2018 and 30th June, 2018 equally over up to four quarters commencing from the quarter in which the loss is incurred. The MTM losses incurred by the bank of `414.88 crores, `99.25 crores and `209.15 crore respectively in these three quarters have been spread over. Accordingly, the bank made provision of `232.25 cr, `60.01 cr and `60.01 cr in the quarters ended 31st March, 2018, 30th June, 2018 and 30th September, 2018 and there was unamortized balance of `109.49 cr as on 31.12.2018. Since the Bond rate had eased and there was change in the portfolio composition, deferred provision was not required to be made and it resulted in retrieval of net provision of `52.29 crore for the quarter ended 31st March, 2019.
e) During the year, the Bank had transferred securities of book value of 8692.94 crore (Previous year 2940.94 crore) from “Available for Sale” to “Held to Maturity” category by accounting depreciation of `238.52 crores (previous year `66.47 crores), transferred securities of book value of `12390.91 crore (Previous year `6186.89 crore) from “Held to Maturity” to “Available for Sale” category, transferred securities of book value of ` NIL crores (Previous year ` Nil crores) from “Held for Trading” to “Available for Sale category” and also transferred securities of book value of ` NIL crore (Previous year ` Nil crores) from “Held for Trading” to “Held to Maturity”.
f ) During the current year, the value of sales/ transfers of securities to/ from HTM category [excluding portfolio transfer of securities (under one time/special window permitted by RBI) and sales to RBI under OMO auctions] had not exceeded the limit of 5% of the book value of the investment held in HTM category at the beginning of the year.
g) Government Securities amounting to `661.85 cr (Previous Year `1,130.43 cr) are pledged with CCIL/NSCCL/MCXCCL/ICCL for Settlement Guarantee Fund or Default Fund.
h) Investments include Government securities amounting to `20,244.57 crores (Previous year `36,020.53 crore) pledged for borrowing under LAF-Repo/TREPS/CROMS-Repo/CBLO (as applicable) out of which `5084.32 crores (Previous year was 14,451.90 crores) are encumbered.
2.2 Repo Transactions (In face value terms) (` H$amo‹S> _|/` in crores)
{ddaU Particulars
df© Ho$ Xm¡amZ Ý yZ V_ ~H$m`m
Minimum outstanding
during the year
df© Ho$ Xm¡amZ A{Y H$ V_ ~H$m`m
Maximum outstanding
during the year
df© Ho$ Xm¡amZ Am¡g VZ X¡{ZH$ ~H$m`m
Daily Average outstanding
during the year
`Wm 31 _mM©, 2019 H$mo ~H$m`m
Outstanding as on
March 31, 2019
aonmo Ho$ VhV ~oMr JB© à{V y {V`m±Securities sold under repo
i. gaH$mar à{V^y{V¶m± Government securities 0.00 5584.26 902.01 4430.31
ii. H$mnm}aoQ> H$O© à{V^y{V¶m± Corporate debt securities 0.00 0.00 0.00 0.00
[adg© aonmo Ho$ VhV IarXr JB© à{V y {V`m± Securities purchased under reverse repo
i. gaH$mar à{V^y{V¶m± Government securities 0.00 3799.96 101.40 0.00
ii. H$mnm}aoQ> H$O© à{V^y{V¶m± Corporate debt securities 0.00 0.00 0.00 0.00
163ANNUAL REPORT 2018-19
2.3 J¡a-EgEbAma {Zdoe g§{d^mJ 2.3 Non-SLR Investment Portfolio i) J¡a-EgEbAma {Zdoemo§ H$s OmarH$Vm© g§aMZm i) Issuer Composition of Non-SLR Investments (` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No.
OmarH$Vm© Issuer am{e Amount
{ZOr {Z`moOZ H$s _mÌm
Extent of Private
Placement
"{Zdoe J«oS> go {ZåZ'H$s _mÌm
Extent of ‘Below Investment Grade’
Securities
"AloUrJV'à{V^y{V`m| H$s
_mÌmExtent of ‘Unrated’ Securities
"AgyMr~Õ' à{V^y{V`m| H$s
_mÌmExtent of ‘Unlisted’ Securities
1 gm.jo. CÚ_ (gm.jo. ~¢H$m| d gm.jo. {d. g§ñWmAmo§ H$mo Nmo‹S>H$a) PSUs (Excl. PSB & PSU FIs) 950.44 117.61 - - -
2 {dÎmr` g§ñWmE§ FIs 1,808.15 1,654.97 - - - 3 ~¢H Banks 295.59 295.24 - - - 4 {ZOr H$mnmo©aoQ Private Corporates 1,611.68 1,584.52 80.58 80.58 80.585 AZwf§{J`m±/g§`wº CÚ_
Subsidiaries/Joint Ventures 75.00 75.00 - - - 6 AÝ` Others 14,992.48 13,988.24 - - - 7 _yë`õmg hoVw Ym[aV àmdYmZ
Provision held towards depreciation (1,229.70) - - - - Hw$b Total 18,503.64 17,715.58 80.58 80.58 80.58
{Q>ßnUr : Cn`w©º$ H$m°b_ 4, 5, 6 Am¡a 7 _o§ {anmoQ© H$s JB© am{e nañna AZÝ` Zht hmo gH$Vr&Note : Amounts reported under columns 4, 5, 6 and 7 above may not be mutually exclusive.
ii) J¡a-{ZînmXH$ J¡a-EgEbAma {Zdoe ii) Non-performing Non-SLR Investments
(` H$amo‹S> _|/` in crores)
{ddaU Particulars31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018àma§{^H$ eof Opening Balance 860.73 251.30
1 Aà¡b go df© Ho$ Xm¡amZ n[adY©Z Additions during the year since 1st April 99.14 672.76
Cn`w©ŠV Ad{Y Ho$ Xm¡amZ H$_r Reduction during the above period 25.18 63.33
B{Veof Closing balance 934.69 860.73
Ym[aV Hw$b àmdYmZ Total Provisions held 889.02 733.11
3.0 DERIVATIVES
3.1 Forward Rate Agreement/Interest Rate swap (` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No.
_X| Items 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018i) ñd¡n H$ama H$m AmZw_m{ZH _ybYZ The notional principal of swap agreements – –
ii) H$amam| Ho$ VhV `{X à{V nm{Q>©¶m± AnZo Xm{`Ëd nyam H$aZo _| Ag\$b hmoVr h¢ Vmo Cggo hmoZodmbr hm{Z Losses which would be incurred if counterparties failed to fulfi ll their obligations under the agreements – –
iii) ñd¡n _| àdoe H$aZo na ~¢H$ Ûmam Ano{jV g§nmpíd©H à{V^y{VCollateral required by the bank upon entering into swaps – –
iv) ~¢H$m| H$mo ñd¡n go CËnÞ hmoZo dmbo F$U Omo{I_ H$m Ho$ÝÐrH$aUConcentration of credit risk arising from the swaps – –
v) ñd¡n ~hr H$m C{MV _yë` The fair value of the swap book – –
3.0 ì`wËn{Þ`m±
3.1 dm`Xm Xa H$ama/ã`mO Xa ñd¡n
164
3.2 EŠgMo§O _o§ ì`mnmaJV ã`mO Xa ì`wËnÞ {bIVo§ 3.2 Exchange Traded Interest Rate Derivatives (` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No.
{ddaU Particulars 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018
(i) df© Ho$ Xm¡amZ EŠgMo§O _o§ ì`mnmaJV ã`mO Xa ì`wËnÞ {bIVmo§ H$s AmZw_m{ZH _yb am{e Notional principal amount of exchange traded interest rate derivatives undertaken during the year - -
(ii) ~H$m`m EŠgMo§O _| ì`mnmaJV ã`mO Xa ì`wËnÞ {bIVmo§ H$s AmZw_m{ZH _yb am{e Notional principal amount of exchange traded interest rate derivatives outstanding - -
(iii) ~H$m`m na§Vw ""A{YH à^mdr'' Zht, Eogr EŠgMo§O _o§ ì`mnmaJV ã`mO Xa ì`wËnÞ {bIVmo§ H$s AmZw_m{ZH _yb am{e Notional principal amount of exchange traded interest rate derivatives outstanding and not “highly effective” - -
(iv) ~H$m`m na§Vw ""A{YH à^mdr'' Zht, Eogr EŠgMo§O _o§ ì`mnmaJV ã`mO Xa ì wËnÞ {bIVmo§ H$m ~mOma-H$mo-A§{H$V _yë` Mark-to-market value of exchange traded interest rate derivatives outstanding and not “highly effective” - -
3.3 ì`wËnÞ {bIVmo§ _o§ Omo{I_ EŠgnmo‹Oa na àH$QZ
(i) JwUmË_H àH$QZ…
H$) ~moS©> Ûmam AZw_mo{XV ~¢H$ H$s ì`wËnÞ Zr{V ~¢H$ H$mo H$mC§Q>a na VWm EŠgM|O _| ì`mnmaJV (B©Q>r) ã`mO Xa VWm H$a|gr ì`wËnÞ {bIVm| Ho$ boZXoZ H$s AZw_{V XoVr h¡& `h Zr{V J«mhH$m| H$mo {dXoer _wÐm {Zdoem| Ho$ à~§YZ Ho$ {bE CËnmXm| H$mo àñVwV H$aZo, Omo A§Va ~¢H$ ~mµOma _| ~¡H$-Qw>-~¢H$ AmYma na Amd[aV hmoZo h¢, H$s AZw_{V XoVr h¡& ì`wËnÞm| H$mo ~¡H$ Ûmam ì`mnma VWm VwbZ nÌ _Xm| H$s Q´>oqS>J Am¡a hoqOJ Ho$ {bE à`wº$ {H$`m Om gH$Vm h¡& Mmby {dÎm df© _| ~¢H$ Ûmam dm`Xm d H$a|gr â`yMam| dmbo ì`wËnÞm| _| gm¡Xo {H$E&
I) ~¢H$ H$s AmpñV Xo`Vm à~§YZ g{_{V (AmëH$mo) BZ OmopI_m| Ho$ à~§YZ H$s {ZJamZr H$aVr h¡& ~¢H$ H$m EH$sH¥$V OmopI_ à~§YZ {d^mJ (AmB©AmaE_S>r) ñdV§Ì ê$n go ì`wËnÞ {bIV boZXoZm| g§~§Yr ~mµOma OmopI_ A{^{ZYm©[aV H$aVm h¡, Cgo _mnVm h¡, {ZJamZr H$aVm h¡ Am¡a BZ OmopI_m| Ho$ {Z`§ÌU d à~§YZ _| AmëH$mo H$s _XX H$aVm h¡ VWm {Z`{_V A§Vambm| _| ~moS©> H$s OmopI_ à~§YZ g{_{V H$mo Zr{VJV nam_em] Ho$ AZwnmbZ H$s [anmoQ>© XoVm h¡&
J) ì`wËnÞ {bIV boZXoZ _| ~mµOmar OmopI_ h¡, AWm©V² ã`mO Xam|/{d{Z_` Xam| _| à{VHy$b n[adV©Zm| Ho$ H$maU ~¢H$ H$mo g§^mì` hm{Z VWm CYma OmopI_ h¡, AWm©V² {X à{V nm{Q©>`m± AnZr dMZ~ÕVm H$m nmbZ Zht H$aVr h¢ Vmo ~¢H$ H$mo hmoZo dmbr g§^mì` hm{Z& ì`wËnÞ {bIV boZXoZ _| em{_b hmoZo Ho$ {bE _§S>b Ûmam AZw_mo{XV ~¢H$ H$s ""ì`wËnÞ {bIV Zr{V'' ~mµOma OmopI_ _mZXÊS> VWm J«mhH$ {d{Z`moOZ Zr{V {ZYm©[aV H$aVr h¡& Ho$db CZ à{Vnm{Q©>`m| Ho$ gmW ì`wËnÞ {bIV boZXoZ _| em{_b hmoH$a CYma
3.3 Disclosure on Risk Exposure in Derivatives
(i) Qualitative Disclosure:
a) The Bank’s Derivative Policy as approved by the Board permits Bank to undertake deals in over-the-counter (OTC) as well as exchange traded (ET) interest rate and currency derivatives. The policy permits the offering of the products to the customer to manage their foreign currency exposures, which are to be covered on Back-to-Back basis in the interbank market. Derivatives can also be used by the Bank both for trading as well as hedging on-balance sheet items. In the current fi nancial year, Bank has entered into derivative deals involving forwards and currency futures.
b) The Asset Liability Management Committee (ALCO) of the Bank overseas management of these risks. The Bank’s Integrated Risk Management Department (IRMD), independently identifi es, measures and monitors market risk associated with derivative transactions, assists ALCO in controlling and managing these risks and reports compliance with policy prescriptions to the Risk Management Committee of the Board (RMCB) at regular intervals.
c) Derivative transactions carry market risk i.e. the probable loss the Bank may incur as a result of adverse movements in interest rates / exchange rates and credit risk i.e. the probable loss the Bank may incur if the counterparties fail to meet their obligations. The Bank’s “Derivative Policy” approved by the Board prescribes the market risk parameters as well as Customer Appropriateness policy for entering into derivative transactions. Credit risk is controlled by entering into derivative transactions only with counterparties
165ANNUAL REPORT 2018-19
in respect of whom appropriate credit limits are sanctioned taking into account their ability to honour obligations. The Bank enters into International Swap Dealers Association (ISDA) agreements with each counter party.
d) The accounting policy for derivatives as stated in Signifi cant Accounting Policies, has been drawn-up in accordance with RBI guidelines and revenues are recognized accordingly.
OmopI_ {Z`§{ÌV H$s OmVr h¡, {OZH$mo dMZ~ÕVm Ho$ nmbZ H$s j_Vm H$mo Ü`mZ _| aIVo hþE Cn`wº$ CYma gr_m _§Oya h¡& ~¢H$ àË`oH$ à{VnmQ>u Ho$ gmW A§Vam©ï´>r` ñd¡n S>rbg© Egmo{gEeZ (AmB©EgS>rE) H$ama H$aVm h¡&
K) C„oIZr` boIm§H$Z Zr{V _| C{„pIV ì`wËn{Þ`m| hoVw boIm§H$Z Zr{V ^maVr` [aµOd© ~¢H$ {Xem{ZX}em| Ho$ AZwê$n V¡`ma H$s JB© h¢ VWm amOñd VXZwgma {ZYm©[aV {H$E JE h¢&
(ii) _mÌmË_H$ àH$Q>Z (ii) Quantitative Disclosures (` H$amo‹S> _|/` in crores)
H«$. g§. Sl. No.
{ddaU Particulars
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
_wÐm ì`wËnÞ {bIVo§
Currency Derivatives
ã`mO Xa ì`wËnÞ {bIV§oInterest rate Derivatives
_wÐm ì`wËnÞ {bIVo§
Currency Derivatives
ã`mO Xa ì`wËnÞ {bIVo§Interest rate Derivatives
1 ì`wËnÞ {bIV§o (AmZw_m{ZH$ _ybYZ)Derivatives (Notional Principal Amount)
H$) a) hoqOJ hoVw For hedging - - - -
I) b) Q´>oqS>J hoVw For trading - - - -
2 ~mµOma H$mo A§{H$V pñW{V Marked to Market Positions
H$) a) AmpñV`m± (+) Asset (+) - - - -
I) b) Xo`VmE§ (-) Liability (–) - - - -
3 G$U EŠgnmoµOa Credit Exposure - - - -
4 AmB©AmaEgmo§ VWm grgrEgmo§ na ã`mO Xa _o§ EH à{VeV n[adV©Z hmoZo na g§^m{dV à^md (100* nrdr 01)Likely impact of one percentage change in interest rate on IRSs and CCSs (100*PV01)
H$) a) hoqOJ ì`wËnÞ {bIVm| na on hedging derivatives - - - -
I) b) Q´>oqS>J ì`wËnÞ {bIVm| na on trading derivatives - - -
5 AmB©AmaEgmo§ VWm grgrEgmo§ hoVw df© Ho$ Xm¡amZ Adbmo{H V 100* nrdr 01 H$m A{YH$V_ Am¡a Ý yZV_Maximum and Minimum of 100*PV01 observed during the year for IRSs and CCSs
H$) a) hoqOJ na on hedging i) A{YH$V_ maximumii) Ý`yZV_ minimum
--
--
--
--
I) b) Q´>oqS>J na on trading i) A{YH$V_ maximumii) Ý`yZV_ minimum
--
--
--
--
166
4.0 AmpñV JwUdÎmm
4.1 A{J«_
H$) $J¡a boIm-nar{jV emImAm| Ho$ _m_bo _|, emIm à~§YH$m| Ûmam `Wm à_m{UV A{J«_m| H$m dJuH$aU g_m{dï> {H$`m J`m h¡&&
I) df© Ho$ Xm¡amZ ~¢H$ Zo EZnrE hoVw `12002.72 H$amo‹S> (JV df© `11,111.90 H$amo‹S>) H$m àmdYmZ {H$`m& ~¢H$ Zo J¡a-{ZînmXH$ A{J«_m| hoVw ^maVr` [a‹Od© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma `Wm 31 _mM©, 2019 H$mo `13525.38 H$amo‹S> (JV df© `7929.68 H$amo‹S>) H$m g§M`r àmdYmZ {H$`m&&
4.2 J¡a-{ZînmXH$ AmpñV`m±
4. ASSET QUALITY
4.1 ADVANCES
a) In the case of unaudited branches, the classifi cation of advances, as certifi ed by the Branch Managers has been incorporated.
b) During the year the Bank has made provision for NPA of `12,002.72 crores (Previous Year `11,111.90 crores). The Bank has made required provision cumulative for Non Performing Advances as at 31st March 2019 `13,525.38 crores (Previous Year `7,929.68 crores) in the line with RBI guidelines.
4.2 Non-Performing Assets
(` H$amo‹S> _|/` in crores)
{ddaUParticulars
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
(i) H$) {Zdb J¡a-{ZînmXH$ AmpñV`m± Net NPAs 6,926.64 14,077.02
I) J¡.{Z.Am. AZwnmV NPA Ratios
i) gH$b A{J«_mo§ _o§ gH$b J¡.{Z.Am. Gross NPAs to Gross Advances 15.35% 17.35%
ii) {Zdb A{J«_mo§ _o§ {Zdb J¡.{Z.Am. Net NPAs to Net Advances 5.71% 11.74%
(ii) J¡a-{ZînmXH$ AmpñV`mo§ _| H$‘r-~‹TV (gH$b) Movement of NPAs (Gross)
H$) AWeof a) Opening balance 22,213.44 17,045.22
I) df© Ho$ Xm¡amZ n[adY©Z b) Additions during the year 6,282.60 14,576.86
J) df© Ho$ Xm¡amZ H$_r c) Reductions during the year 7,727.36 9,408.64
K) B{Veof d) Closing balance 20,723.68 22,213.44
(iii) {Zdb J¡a-{ZînmXH$ AmpñV`m| _| H$‘r-~‹TV Movement of Net NPAs
H$) AWeof a) Opening balance 14,077.02 11,692.18
I) df© Ho$ Xm¡amZ n[adY©Z b) Additions during the year -5,720.12 3,464.96
J) df© Ho$ Xm¡amZ H$_r c) Reductions during the year 1,430.26 1,080.12
K) B{Veof d) Closing balance 6,926.64 14,077.02
(iv) J¡a-{ZînmXH$ AmpñV`m| hoVw àmdYmZ H$s pñW{V (_mZH$ AmpñV`m| hoVw àmdYmZ H$mo N>mo‹S>H$a) Movement of provisions for NPAs (excluding provisions on standard assets)
H$) AWeof a) Opening balance 7,929.68 5,188.34
I) df© Ho$ Xm¡amZ {H$`m J`m àmdYmZ b) Provisions made during the year 12,002.72 11,111.90
J) A{V[aŠV àmdYmZ H$m ~Q²>Q>o ImVo {bIZm/nwZam§H$Z, àË`md{V©V àmdYmZ c) Write off / write back off excess provisions, provision reversed
6,407.02 8,370.56
K) B{Veof d) Closing balance 13,525.38 7,929.68
(v) J¡a-{ZînmXH$ {Zdoem| H$s am{e Amount of Non-Performing Investments 934.69 860.73
167ANNUAL REPORT 2018-19
4.3 EZnrE hoVw AmpñV dJuH$aU VWm àmdYmZrH$aU _| {dMbZ : ^m.[a.~¢. n[anÌ g§.Ama~rAmB©/2018-19/157 S>r~rAma.~rnr.
~rgr.32/21.04.018/2018-19 {XZm§{H$V 1 Aà¡b, 2019 Ho$ AZwgaU _|, "AmpñV dJuH$aU VWm àmdYmZrH$aU _| {dMbZ', ~¢H$ Zo {ZåZ{bpIV Ho$ AZwgma àH$Q>Z em{_b {H$`m h¡ :
4.3 Divergence in Asset Classifi cation and Provisioning for NPAs:Pursuant to RBI Circular no. RBI/2018-19/157 DBR.BP.BC.NO.32/21.04.018/2018-19 dated April 1, 2019 ‘‘Divergence in the asset Classifi cation and Provisioning”, the Bank has incorporated the disclosure prescribed as under:
(` H$amo‹S> _|/` in crores)
H«$. g§.Sl. No. {ddaU Particulars am{e Amount
1 31 _mM©, 2018 H$mo gH$b EZnrEGross NPAs as on March 31, 2018 22,213.44
2 ^m.[a.~¢. Ho$ _yë`m§H$Z Ho$ AZwgma 31_mM©, 2018 H$mo gH$b EZnrEGross NPAs as on March 31, 2018 as assessed by RBI 22,595.04
3 gH$b EZnrE _| {dMbZ (2-1)Divergence in Gross NPAs (2-1) 381.60
4 31 _mM©, 2018 H$mo {Zdb EZnrENet NPAs as on March 31, 2018 14,077.02
5 ^m.[a.~¢. Ho$ _yë`m§H$Z Ho$ AZwgma 31 _mM©, 2018 H$mo {Zdb EZnrENet NPAs as on March 31, 2018 as assessed by RBI 13,836.82
6 {Zdb EZnrE _| {dMbZ (5-4)Divergence in Net NPAs (5-4) -240.20
7 ~¢H$ H$s [anmoQ©> Ho$ AZwgma 31_mM©, 2018 H$mo EZnrE hoVw àmdYmZProvisions for NPAs as on March 31, 2018 as reported by the Bank 10,982.14
8 ^m.[a.~¢. Ho$ _yë`m§H$Z Ho$ AZwgma 31 _mM©, 2018 H$mo EZnrE hoVw àmdYmZProvisions for NPAs as on March 31, 2018 as assessed by RBI 11,603.94
9 àmdYmZrH$aU _| {dMbZ (8-7)Divergence in provisioning (8-7) 621.80
10 31 _mM©, 2018 H$mo g_má df© hoVw [anmoQ©> H$s JB© H$a níMmV² {Zdb bm^Reported Net Profi t after Tax (PAT) for the year ended March 31, 2018 -4,053.94
11 àmdYmZrH$aU _| {dMbZ H$mo boZo Ho$ ~mX 31 _mM©, 2018 H$mo g_má df© hoVw H$a níMmV² g_m`mo{OV (AmZw_m{ZH$) {Zdb bm^/(hm{Z)Adjusted (Notional) Net Profi t / (Loss) after Tax (PAT) for the year ended March 31, 2018 after taking into account the divergence in provisioning -4,510.15
4.4 In terms of RBI communication DBR No. BP.8756/21.04.048/2017-18 dated 2nd April, 2018, `1011.99 crore has been additionally provided in respect of eligible NCLT (List 1 & List 2) accounts as on 31st March 2019. Total actual provision made as on 31st March 2019 for the eligible NCLT (List 1 & List 2) accounts is `9079.56 crore, which represents 100% of provision of the outstanding value as on March 31, 2019, instead of `8067.57 crore as per IRAC norms.With regard to the other 22 NCLT accounts an amount of `610.40 crore further provided as on 31st March, 2019. Total actual provision made as on 31st March, 2019 is `1547.69 crore instead of `937.29 crore.
An additional, adequate and necessary, provision of `1280.55 crore has been provided in 29 NPA accounts.
4.4 Ama~rAmB© g§Mma S>r~rAma g§. ~rnr.8756/21.04.048 / 2017-18 {XZm§H$ 2 Aà¡b, 2018 Ho$ g§X^© _|, 31 _mM©, 2019 H$mo nmÌ EZgrEbQ>r (gyMr 1 Am¡a gyMr 2) ImVm| Ho$ g§~§Y _| `1,011.99 H$amo‹S> A{V[aº$ àXmZ {H$E JE h¢& nmÌ EZgrEbQ>r (gyMr 1 Am¡a gyMr 2) ImVm| Ho$ {bE 31 _mM©, 2019 H$mo Hw$b dmñV{dH$ àmdYmZ `9079.56 H$amo‹S> h¡, Omo AmB©AmaEgr _mZX§S>m| Ho$ AZwgma `8067.57 H$amo‹S> Ho$ ~Om` 31 _mM©, 2019 H$mo ~H$m`m _yë` Ho$ àmdYmZ H$m 100% H$m à{V{Z{YËd H$aVm h¡& AÝ` 22 EZgrEbQ>r ImVm| Ho$ g§~§Y _| 31 _mM©, 2019 VH$ àXmZ {H$E JB© am{e `610.40 H$amo‹S> h¡& 31 _mM©, 2019 H$mo {H$E JE Hw$b dmñV{dH$ àmdYmZ `937.29 H$amo‹S> Ho$ ~Om` `1547.69 H$amo‹S> h¢&
29 EZnrE ImVm| _| 1280.55 H$amo‹S> H$m EH$ A{V[aº$, n`m©á Am¡a Amdí`H$, àmdYmZ àXmZ {H$`m J`m h¢ &
168
~¢H$ Zo _mZH$ go EZnrE loUr Ho$ {bE 4 CYma ImVm| Ho$ {bE S>mCZJ«oS> {H$`m h¡ Am¡a {ddoH$nyU© _mZX§S>m| Ho$ AZwgma `123.70 H$amo‹S> H$m àmdYmZ {H$`m h¡&
4.5 `Wm 31.03.2019 H$mo nwZgªa{MV ImVm| H$m àH$Q>Z :
The bank has downgraded for 4 borrowal accounts from standard to NPA category and accordingly made a provision of `123.70 crore as per prudential norms.
4.5 Disclosure of Restructured Accounts as on 31.03.2019:(` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No.
nwZgªaMZm H$m àH ma Type of Restructuring grS>rAma V§Ì Ho$ A§VJ©VUnder CDR Mechanism
EgE_B© H$O© nwZgªaMZm V§Ì Ho$ A§VJ©VUnder SME Debt Restructuring Mechanism
AÝ`Others
Hw$bTotal
AmpñV dJuH$aU Asset Classifi cation _mZH$Standard
Ad_mZHSub
Standardg§{X½Y
Doubtfulhm{ZLoss
Hw$bTotal
_mZH$Standard
Ad_mZHSub
Standardg§{X½Y
Doubtfulhm{ZLoss
Hw$bTotal
_mZH$Standard
Ad_mZHSub
Standardg§{X½Y
Doubtfulhm{ZLoss
Hw$bTotal
_mZH$Standard
Adn_mZHSub
Standardg§{X½Y
Doubtfulhm{ZLoss
Hw$bTotalã`moao Details
1 {dÎm df© Ho$ 1 Aà¡b H$mo nwZgªa{MV ImVo (àma§{^H$ Am§H$‹S>o)*Restructured Accounts as on April 1 of the FY (opening fi gures)*
CYmaH$Vm©Am| H$s g§.No. of borrowers
5 3 38 7 53 37 8 62 10 117 62 14 121 25 222 104 25 221 42 392
~H$m¶m am{eAmount
outstanding
312.35 411.04 3780.03 323.67 4827.09 30.54 19.23 303.27 149.32 502.36 1062.79 936.63 3066.65 603.47 5669.54 1405.68 1366.90 7149.95 1076.46 10998.99
Cgna àmdYmZProvision thereon
9.68 0.00 0.00 0.00 9.68 0.84 0.00 0.00 0.00 0.84 74.95 0.00 0.00 0.00 74.95 85.47 0.00 0.00 0.00 85.47
2 df© Ho$ Xm¡amZ ZB© nwZgªaMZmFresh restructuring during the year
CYmaH$Vm©Am| H$s g§.No. of borrowers
0 0 0 0 0 1203 0 0 0 1203 0 0 1 0 1 1203 0 1 0 1204
~H$m¶m am{eAmount
outstanding
30.54 0.00 55.05 0.15 85.74 182.45 0.44 1.48 0.90 185.27 4.50 0.71 29.79 0.73 35.73 217.49 1.15 86.32 1.78 306.74
Cgna àmdYmZProvision thereon
0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.03 0.31 0.00 0.00 0.00 0.31 0.34 0.00 0.00 0.00 0.34
3 {dÎm df© Ho$ Xm¡amZ nwZgªa{MV ‘mZH$ àdJ© ‘| CÞ¶ZUpgradations to restructured standard category during the FY
CYmaH$Vm©Am| H$s g§.No. of borrowers
0 0 0 0 0 1 -1 0 0 0 4 -3 -1 0 0 5 -4 -1 0 0
~H$m¶m am{eAmount
outstanding
0.00 0.00 0.00 0.00 0.00 6.02 -6.02 0.00 0.00 0.00 25.84 -25.76 -0.08 0.00 0.00 31.86 -31.78 -0.08 0.00 0.00
Cgna àmdYmZProvision thereon
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 {dÎm df© Ho A§V _o§ nwZgªa{MV _mZH$ ImVo {OZHo {bE A{YH$ àmdYmZ µOê ar Zht Am¡a Bg{bE g_m`moOZ g{hV AJbo {dÎm df© Ho àma§^ _o§ CÝho§ nwZgªa{MV _mZH$ ImVmo§ Ho ê n _o§ Xem©Zo H$s Amdí`H$Vm Zht h¡Restructured standard advances which cease to attract higher provisioning and / or additional risk weight at the end of the FY and hence need not be shown as restructured standard advances at the beginning of the next FY including adjustments
CYmaH$Vm©Am| H$s g§.No. of borrowers
-2 0 0 0 -2 -7 0 0 0 -7 -9 0 0 0 -9 -18 0 0 0 -18
~H$m¶m am{eAmount
outstanding
-63.54 0.00 -69.24 0.00 -132.78 -10.18 0.00 0.00 0.00 -10.18 -295.15 0.00 0.00 0.00 -295.15 -368.87 0.00 -69.24 0.00 -438.11
Cgna àmdYmZProvision thereon
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 {dÎm df© Ho$ Xm¡amZ nwZgªa{MV ImVm| H$s S>mCZ J«oqS>JDowngradations of restructured accounts during the FY
CYmaH$Vm©Am| H$s g§.No. of borrowers
0 -3 1 2 0 -3 -4 4 3 0 -3 -9 4 8 0 -6 -16 9 13 0
~H$m¶m am{eAmount
outstanding
0.00 -407.37 291.93 115.44 0.00 -0.08 -13.51 -4.23 17.82 0.00 -205.99 -760.42 577.64 388.77 0.00 -206.07 -1181.30 865.34 522.03 0.00
Cgna àmdYmZProvision thereon
-1.36 0.00 0.00 0.00 -1.36 -0.31 0.00 0.00 0.00 -0.31 -10.82 0.00 0.00 0.00 -10.82 -12.49 0.00 0.00 0.00 -12.49
6 {dÎm df© Ho$ Xm¡amZ nwZgªa{MV ImVm| H$mo ~Å>o ImVo {bIZm*Write-offs of restructured accounts during the FY
CYmaH$Vm©Am| H$s g§.No. of borrowers
0 0 -1 0 -1 -4 0 -6 0 -10 -3 0 -9 -1 -13 -7 0 -16 -1 -24
~H$m¶m am{eAmount
outstanding
-6.69 -3.67 -264.10 0.00 -274.46 -3.16 -0.06 -3.49 -0.12 -6.83 -101.19 -127.14 -96.10 -2.92 -327.35 -111.04 -130.87 -363.69 -3.04 -608.64
Cgna àmdYmZProvision thereon
-3.50 0.00 0.00 0.00 -3.50 -0.52 0.00 0.00 0.00 -0.52 -11.97 0.00 0.00 0.00 -11.97 -15.99 0.00 0.00 0.00 -15.99
7 {dÎm df© Ho$ 31 ‘mM© H$mo nwZgªa{MV ImVo (A§{V‘ Am§H$‹S>o)*Restructured Accounts as on March 31 of the FY (closing fi gures*)
CYmaH$Vm©Am| H$s g§.No. of borrowers
3 0 38 9 50 1227 3 60 13 1303 51 2 116 32 201 1281 5 214 54 1554
~H$m¶m am{eAmount
outstanding
272.67 0.00 3793.66 439.26 4505.59 205.60 0.08 297.02 167.92 670.62 490.79 24.03 3577.90 990.05 5082.77 969.06 24.11 7668.58 1597.23 10258.98
Cgna àmdYmZProvision thereon
4.82 0.00 0.00 0.00 4.82 0.03 0.00 0.00 0.00 0.03 52.48 0.00 0.00 0.00 52.48 57.33 0.00 0.00 0.00 57.33
* _mZH$ nwZgª©a{MV A{J«_m| Ho$ AmH$‹S>m| H$mo N>mo‹S>H$a {OgHo$ {bE A{YH$ àmdYmZ m OmopI_ m[aVm Zht Mm{hE (`{X bmJy). (^m.[a.~§¡. n[anÌ DBOD.BP.BC.No.80/21.04.132/2012-13 {XZm§H$ 31-01-2013)/Excluding the � gures of Standard Restructured Advances which do not attract higher provisioning or risk weight (if applicable). (RBI Circular DBOD.BP.BC.No.80/21.04.132/2012-13 dated 31-01-2013){d.d. Ho$ Xm¡amZ ZB© nwZgªaMZm _o§ dV©_mZ nwZgªa{MV ImVmo§ _o§ ~H m`m _o§ `110.12 H$amo‹S H$s d¥{Õ ^r em{_b h¡& Fresh restructuring during the FY also includes the increase of `110.12 crores in outstanding in the existing restructured accounts{d.d. Ho$ Xm¡amZ nwZgªa{MV ImVmo§ H mo ~Åo ImVo SmbZo _o§ dV©_mZ nwZgªa{MV ImVmo§ _o§ ~H$m`m _o§ `548.90 H$amo‹S H$s d¥{Õ ^r em{_b h¡&Write-offs of restructured accounts during the FY also includes the decrease of `584.90 crores in outstanding balances in the existing restructured accounts.
169ANNUAL REPORT 2018-19
4.6 Details of fi nancial assets sold to Securitization/ Reconstruction Company for Asset Reconstruction:
(` H$amo‹S> _|/` in crores)
4.6 AmpñV nwZ{Z©_m©U hoVw à{V^y{VH$aU/nwZ{Z©_m©U H§ nZr H$mo {~H«$s H$s JB© {dÎmr` AmpñV`mo§ Ho$ ã`moao :
H$)/A) H«$. g§.Sl. No. _X Item
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
(i) ImVm| H$s g§. No. of accounts - -
(ii) Eggr/Amagr H$mo {~H«$s {H$E JE ImVm| H$m g_J« _yë` (àmdYmZm| H$m {Zdb) Aggregate value (net of provisions) of accounts sold to SC/RC - -
(iii) g_J« à{V\$b Aggregate consideration - -
(iv) {dJV dfm] _| A§V[aV ImVm| Ho$ g§~§Y _| dgyb {H$`m J`m A{V[aŠV à{V\$b Additional consideration realized in respect of accounts transferred in earlier years - -
(v) {Zdb ~hr _yë` na g_J« bm^/(hm{Z) Aggregate gain / (Loss) over net book value
- -
With a view to incentivizing banks to recover appropriate value in respect of their NPAs promptly, banks can reverse the excess provision on sale of NPA if the sale is for a value higher than the net book value (NBV) to its profi t and loss account in the year the amounts received. The quantum of excess provision reversed to the profi t and loss account on account of sale of NPAs should be disclosed in the fi nancial statements of the bank under “Notes to Accounts”.
As on incentive for early sale of NPAs, bank can spread over any shortfall, if the sale value is lower than the NBV, over a period of two years. This facility of spreading over the shortfall would however be available for NPAs as per the Master Circular on Prudential norms on Income Recognition, Assets Classifi cation and Provision pertaining to advances, in respect of NPA sold before 31st March, 2016, and will be subject to necessary disclosures in the “Notes to Account”.
B) Details of Book value of Investments in Security Receipts:
~¢H$m| H$mo AnZo EZnrE Ho$ g§~§Y _| C{MV _yë` dgybZo Ho$ {bE àmoËgm{hV H$aZo H$s Ñ{ï> go, ~¢H$ EZnrE H$s {~H«$s na A{V[aº$ àmdYmZ H$mo aÔ H$a gH$Vo h¢, AJa {~H«$s AnZo bm^ Am¡a hm{Z ImVo Ho$ {bE ewÕ ~hr _yë` (EZ~rdr) go A{YH$ _yë` Ho$ {bE h¡& {Og df© am{e àmá hþB©& EZnrE H$s {~H«$s Ho$ H$maU bm^ Am¡a hm{Z ImVo Ho$ {bE dmng {H$E JE A{V[aº$ àmdYmZ H$s _mÌm H$m àH$Q>rH$aU ""ZmoQ²g Qy> EH$mC§Q²g'' Ho$ VhV ~¢H$ Ho$ {dÎmr` {ddaUm| _| {H$`m OmZm Mm{hE&
EZnrE H$s ewéAmVr {~H«$s Ho$ {bE àmoËgmhZ Ho$ ê$n _|, ~¢H$ {H$gr ^r H$_r na H$ma©dmB© H$a gH$Vm h¡, AJa {~H«$s _yë` Xmo gmb H$s Ad{Y _| EZ~rdr go H$_ h¡& hmbm§{H$ Ny>Q> àXmZ H$aZo H$s h gw{dYm Am` nhMmZ, AmpñV dJuH$aU Ed§ G U hoVw àmdYmZmo§ na _mZH$ {Z`_m| Ho$ _mñQ>a n[anÌ Ho$ AZwgma 31 _mM©, 2016 VH$ ~oMo JE EZnrE Ho$ {bE CnbãY hmoJr Am¡a ""ZmoQ²g Qy> AH$mC§Q>'' _| Amdí`H$
àH$Q>rH$aU Ho$ AYrZ hmoJr&
I) à{V^y{V agrXmo§ _o§ {Zdoemo§ Ho ~hr _yë` Ho ã`moao:
(` H$amo‹S> _|/` in crores)
{ddaU Particulars31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018
(i) A§V{Z©{hV Ho$ ê n _o§ ~¢H Ûmam {~H«$s H$s JB© EZnrE Ûmam g_{W©V à{V^y{V`m±Backed by NPAs sold by the Bank as underlying securities
139.63 139.63
(ii) A§V{Z©{hV Ho$ ê n _o§ AÝ` ~¢H$m|/{dÎmr` g§ñWmAmo§/J¡a-~¢qH$J {dÎmr` H§$n{Z`mo§ Ûmam {~H«$sH$s JB© EZnrE Ûmam g_{W©V à{V^y{V`m± Backed by NPAs sold by other banks/fi nancial institutions/non-banking fi nancial companies as underlying securities
- -
Hw$b/Total 139.63 139.63
170
4.7 IarXr/{~H«$s H$s JB© J¡a-{ZînmXH {dÎmr` AmpñV`mo§ Ho {ddaU:H) IarXr JB© J¡a-{ZînmXH {dÎmr` AmpñV`mo§ Ho
{ddaU…
4.7 Details of non-performing fi nancial assets purchased/sold:
A. Details of non-performing fi nancial assets purchased:
(` H$amo‹S> _|/` in crores)
H«$. g§.Sl. No. {ddaU Particulars
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
1. (H$) df© Ho$ Xm¡amZ IarXo JE ImVm| H$s g§. (a) No. of accounts purchased during the year - -
(I) g‘J« ~H$m`m (b) Aggregate outstanding - -
2. (H$) BZ_| go, df© Ho$ Xm¡amZ nwZgªa{MV ImVm| H$s g§. (a) Of these, number of accounts restructured during the year - -(I) g_J« ~H$m`m (b) Aggregate outstanding - -
B. Details of non-performing fi nancial assets sold
(` H$amo‹S> _|/` in crores)
I) {~H«$s H$s JB© J¡a-{ZînmXH$ {dÎmr` AmpñV`m| Ho$ {ddaU…
H«$.g§.Sl. No. {ddaU Particulars
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
1. {~H«$s {H$E JE ImVm| H$s g§. No. of accounts sold - -
2. g_J« ~H$m`m (àmdYmZ H$m {Zdb) Aggregate outstanding (Net of Provision) - -
3. àmá g_J« à{V\$b Aggregate consideration received - -
4.8 _mZH$ AmpñV`mo§ na àmdYmZ 4.8 Provision on Standard Assets(` H$amo‹S> _|/` in crores)
{ddaU Particulars31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018
_mZH$ AmpñV`m| hoVw àmdYmZ Provision on Standard Assets 740.24 559.71
4.9 Disclosures on the Scheme for Sustainable Structuring of Stressed Assets (S4A), as on 31st March, 2019
(` H$amo‹S> _|/` in crores)
ImVmo§ H$s g§»`m Ohm± Eg4E bmJy {H$`m J`m h¡&No. of accounts where S4A has been ap-
plied
ImVmo§ H$s g§»`mNo. of
accounts
Hw$b ~H$m`m am{eAggregate amount
outstanding *
~H$m`m am{eAmount outstanding Ym[aV àmdYmZ
Provision Held^mJ H$ _|In Part A
^mJ I _|In Part B
_mZH Ho$ ê n _o§ dJuH¥$V Classifi ed as Standard 1 74.52 36.20 38.32 15.33
EZnrE Ho$ ê n _o§ dJuH¥$V Classifi ed as NPA 0 0 0 0 0
4.9 31 _mM© 2019 H mo X~mdJŒñV AmpñV`mo§ H$s YmaUr` g§aMZm (Eg4E) hoVw `moOZm na àH QZ
171ANNUAL REPORT 2018-19
4.10 Disclosures on Flexible Structuring of Existing Loans as on 31st March, 2019
4.10 31 _mM©, 2019 H$mo dV©_mZ G$Umo§ Ho bMrbo g§aMZm na àH$QZ (` H$amo‹S> _|/` in crores)
Ad{YPeriod
bMrbr g§aMZm hoVw {bE JE CYmaH$Vm©Am| H$s g§»`m
No. of borrowers taken up for fl exibly structuring
bMrbr g§aMZm hoVw {bE JE G Um| H$s am{e
Amount of loans taken up for fl exible structuring
bMrbr g§aMZm hoVw {bE JE G Um| H$m Omo{I_ ^m[aV Am¡gV Ad{Y
Exposure weighted average duration of loans taken up for fl exible structuring
_mZH$ Ho$ ê$n _| dJuH¥$VClassifi ed as
Standard
EZnrE Ho$ ê$n _|
dJuH¥$VClassifi ed as
NPA
bMrbr g§aMZm bmJy H$aZo go nhbo (_mh _|)
Before applying fl exible structuring
(in months)
bMrbr g§aMZm bmJy H$aZo Ho$ ~mX (_mh _|)
After applying fl exible structuring (in months)
2016-17* 21 1398.08 2376.61 87 224 2017-18* 5 387.20 162.30 129 269 2018-19 0 0 0 0 0
* 31.03.2019 H$mo g^r CYma ImVm| hoVw am{e ~H$m`m* Balance outstanding as on 31.03.2019 for all the borrowal accounts
4.11 Disclosures on Strategic Debt Restructuring Scheme (accounts which are currently under the stand-still period) as on 31st March, 2019
(` H$amo‹S> _|/` in crores)
ImVmo§ H$s g§»`m Ohm± EgS>rAma
bmJy {H$`m J`m h¡&No. of accounts where SDR has been invoked
[anmo{Q>ªJ {XZm§H H$moo ~H$m`m am{eAmount outstanding as on the
reporting date
CZ ImVmo§ hoVw [anmo{Q>ªJ {XZm§H H$moo ~H$m`m am{e Ohm± G$U go B©{¹$Q>r H$m n[adV©Z
b§{~V h¡Amount outstanding as on the reporting date with respect to
accounts where conversion of debt to equity is pending
CZ ImVmo§ hoVw [anmo{Q>ªJ {XZm§H H$mo ~H$m`m am{e Ohm± G$U go B©{¹$Q>r H$m n[adV©Z
{H$`m J`m h¡Amount outstanding as on the reporting date with respect to
accounts where conversion of debt to equity has taken place
_mZH Ho$ ê n _o§ dJuH¥$V
Classifi ed as standard
EZnrE Ho$ ê n _o§ dJuH¥$V
Classifi ed as NPA
_mZH Ho$ ê n _o§ dJuH¥$V
Classifi ed as standard
EZnrE Ho$ ê n _o§ dJuH¥$V
Classifi ed as NPA
_mZH Ho$ ê n _o§ dJuH¥$V
Classifi ed as standard
EZnrE Ho$ ê n _o§ dJuH¥$V
Classifi ed as NPA
– – – – – – –
4.11 31 _mM©, 2019 H mo aUZr{VnaH G$U nwZgªaMZm moOZm (ImVo Omo dV©_mZ _o§ `WmdV pñW{V _o§ h¢) na àH QZ
4.12 Disclosures on Change in Ownership outside SDR Scheme (accounts which are currently under the stand-still period) as on 31st March, 2019
4.12 31 _mM©, 2019 H$mo EgSrAma go ~mha ñdm{_Ëd _o§ n{adV©Z `moOZm (ImVo Omo dV©_mZ _o§ `WmdV pñW{V _o§ h¢) na àH$QZ
(` H$amo‹S> _|/` in crores)
ImVmo§ H$s g§»`m Ohm± ~¢H$ Zo bmJy H$aZo H$m
{ZU©` {b`m h¡&No. of accounts
where banks have decided to effect
[anmo{Q>ªJ {XZm§H H$moo ~H$m`m am{e
Amount outstanding as on the reporting date
CZ ImVmo§ hoVw [anmo{Q>ªJ {XZm§H H$moo ~H$m`m am{e Ohm± G$U goAmount outstanding as
on the reporting date with respect to accounts where
conversion of debt to
CZ ImVmo§ hoVw [anmo{Q>ªJ {XZm§H H$moo ~H$m`m am{e Ohm± G$U goAmount outstanding as
on the reporting date with respect to accounts where
conversion of debt to
CZ ImVmo§ hoVw [anmo{Q>ªJ {XZm§H H$moo ~H$m`m am{e Ohm±
{ZåZ{b{IV Ûmam ñdm{_Ëd _o§ n[adV©Z n[aH$pënV h¡
Amount outstanding as on the reporting date with respect to accounts where
change in ownership is envisaged by
ñdm{_Ëd _o§ n[adV©Zchange in ownership
B©pŠdQ>r/B©pŠdQ>r eo`am| H$s ~§YH$ {H$`m OmZm b§{~V h¡Equity/invocation of
pledge of equity shares is pending
B©pŠdQ>r/B©pŠdQ>r eo`am| H$s ~§YH$ {H$`m J`m h¡
Equity/invocation of pledge of equity shares has
taken place
ZE e`amo| H$m {ZJ©_ `m àdV©H$m| Ho$ B©pŠdQ>r H$s {~H«$s
Issuance of fresh shares or sale of
promoters equity_mZH Ho$ ê n _o§ dJuH¥$VClassifi ed
as standard
EZnrE Ho$ ê n _o§ dJuH¥$VClassifi ed as NPA
_mZH Ho$ ê n _o§ dJuH¥$VClassifi ed
as standard
EZnrE Ho$ ê n _o§ dJuH¥$VClassifi ed as NPA
_mZH Ho$ ê n _o§ dJuH¥$VClassifi ed
as standard
EZnrE Ho$ ê n _o§ dJuH¥$VClassifi ed as NPA
_mZH Ho$ ê n _o§ dJuH¥$VClassifi ed
as standard
EZnrE Ho$ ê n _o§ dJuH¥$VClassifi ed as NPA
- - - - - - - - -
172
4.13 Disclosures on Change in Ownership of Projects Under Implementation (accounts which are currently under the stand-still period) as on 31st March, 2019
(` H$amo‹S> _|/` in crores)
n[a`moOZm G$U ImVmo§ H$s g§»`m Ohm± ~¢H Zo ñdm{_Ëd n[ad{V©V H$aZo H$m {ZU©` {b`m h¡ No. of project
loan accounts where banks have decided to effect change in ownership
[anmo{Q>ªJ {XZm§H H$mo ~H$m`m am{e Amount outstanding as on the reporting date
_mZH Ho$ ê n _o§ dJuH¥$VClassifi ed as standard
nwZgªa{MV _mZH Ho$ ê n _o§ dJuH¥$V Classifi ed as standard restructured
EZnrE Ho$ ê n _o§ dJuH¥$VClassifi ed as NPA
- - - -
5.0 BUSINESS RATIOS
H«$.g§.Sl. No.
{ddaUParticulars
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
(i) Am¡gV H$m`©erb {Z{Y`mo§ _o§ ã`mO Am` H$m % Interest Income as a % to average Working Funds 7.74% 7.24%
(ii) Am¡gV H$m¶©erb {Z{Y¶m| ‘| ã¶mOoVa Am¶ H$m % Non-Interest Income as a % to average Working Funds 0.93% 0.95%
(iii) Am¡gV H$m`©erb {Z{Y`mo§ _o§ n[aMmbZ bm^ % Operating Profi t as a % to average Working Funds 1.93% 1.62%
(iv) AmpñV`mo§ na à{Vbm^ Return on Assets -3.14% -1.67%
(v) à{V H$‘©Mmar H$mamo~ma (O_mam{e`m± Am¡a A{J«_) (` H$amo‹Sm|> _o§) Business (deposits plus advances) per employee (` in crores) 17.20 16.63
(vi) à{V H$‘©©Mmar bm^ (` H$amo‹Sm|> _o§) Profi t per employee (` in crores) -0.36 -0.22
ZmoQ… Am¡gV H$m`©H$mar {Z{Y {dÎmr` df© Ho 12 _hrZmo§ Ho Xm¡amZ ^m.{a.~¢. H$mo {anmoQ© H$s JB© H$wb AmpñV`mo§ H$m Am¡gV h¡&Note : Average working funds represent average of total assets as reported to RBI during 12 months of the fi nancial year.
4.13 31 _mM©, 2019 H$mo H$m`m©Ýd`Z Ho VhV n{a`moOZmAmo§ Ho ñdm{_Ëd _o§ n{adV©Z na àH$QZ (ImVo Omo dV©_mZ _o§ `WmdV pñW{V _o§ h¢)
5.0 H$mamo~ma AZwnmV…
6. AmpñV Xo`Vm à~§YZ 6. ASSET LIABILITY MANAGEMENT
31 _mM© 2019 H$mo AmpñV`mo§ VWm Xo`VmAmo§ H$m n{an¹$Vm n¡QZ©… Maturity pattern of Assets and Liabilities as at March 31, 2019
(` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No. {ddaU Particulars 1 {XZ
Day 12-7 {XZ2-7 Days
8-14 {XZ 8-14 Days
15-30 {XZ
15-30 Days
31 {XZ -2 _mh
31D-2M
2 _mh go A{YH$ 3 _mh VH$>2M-3M
3 _mh go A{YH$ 6 _mh VH$>3M-6M
6 _mh go A{YH$ -1 df© VH$>6M-1Y
1 df© go A{YH$ -3 df© VH$>1Y-3Y
3 df© go A{YH$ -5 df© VH$>3Y-5Y
5 df© goA{YH$>5Yrs
Hw$bTotal
i) {Zdb G$U d A{J«‘Net Loans & Advances 2,523.15 3,911.14 2,947.07 10,030.70 4,038.97 4,743.17 4,008.70 9,049.22 55,784.55 12,796.43 11,418.11 121,251.21
ii) {Zdoe Investments 10,425.80 1,952.58 1,016.26 726.70 1,792.17 979.14 2,956.55 4,309.18 6,437.63 2,259.04 27,124.15 59,979.20
iii) O_mam{e`m± Deposits 1,997.39 3,145.49 4,538.15 2,797.92 6,202.79 4,701.21 15,802.56 25,914.92 35,836.32 9,075.18 74,555.91 184,567.84
iv) CYma Borrowings - 4,706.06 - - 4.21 503.00 503.16 43.51 21.51 12.80 2,600.00 8,394.25
v) {dXoer _wÐm AmpñV`m± Foreign Currency Assets 362.47 2,685.04 28.44 152.59 313.49 324.66 200.89 0.97 - - - 4,068.55
vi) {dXoer _wÐm Xo`VmE± Foreign Currency Liabilities 191.95 58.51 31.46 63.70 60.27 176.65 152.37 374.17 383.37 244.67 - 1,737.12
173ANNUAL REPORT 2018-19
31 _mM©, 2018 H$mo AmpñV`mo§ Ed§ Xo`VmAmo§ H$m n[an¹Vm n¡QZ©
H«$.g§.Sl. No. {ddaU Particulars 1 {XZ
Day 12-7 {XZ2-7 Days
8-14 {XZ 8-14 Days
15-30 {XZ
15-30 Days
31 {XZ -2 _mh
31D-2M
2 _mh go A{YH$ 3 _mh VH$>2M-3M
3 _mh go A{YH$ 6 _mh VH$>3M-6M
6 _mh go A{YH$ -1 df© VH$>6M-1Y
1 df© go A{YH$ -3 df© VH$>1Y-3Y
3 df© go A{YH$ -5 df© VH$>3Y-5Y
5 df© goA{YH$>5Yrs
Hw$bTotal
i) {Zdb G$U d A{J«‘Net Loans & Advances 3,882.69 2,438.41 2,123.69 5,122.94 5,479.65 4,216.16 3,519.25 5,792.90 54,932.73 14,769.90 17,590.52 119,868.84
ii) {Zdoe Investments 22,362.64 3,907.00 796.15 1,174.69 2,167.06 3,953.55 3,814.26 4,577.61 8,583.14 2,372.73 16,640.93 70,349.76 iii) O_mam{e`m± Deposits 1,838.36 5,102.27 2,855.76 5,117.71 6,873.93 7,225.75 18,211.37 21,282.04 37,241.86 7,180.90 70,386.00 183,315.95 iv) CYma Borrowings 5.32 15,226.02 - - 14.21 - 10.53 445.26 1,546.54 1,320.80 3,602.40 22,171.08 v) {dXoer _wÐm AmpñV`m±
Foreign Currency Assets 548.21 56.97 76.27 140.05 285.87 488.12 426.56 1.70 76.99 - 0.07 2,100.81 vi) {dXoer _wÐm Xo`VmE±
Foreign Currency Liabilities 179.42 10.41 9.95 38.21 52.72 203.07 56.64 576.27 530.86 93.13 - 1,750.68
7.0 EŠgnmoµOa 7.0 EXPOSURES
7.1 ñWmda g§nXm joÌ H$mo EŠgnmoµOa 7.1 Exposure to Real Estate Sector (` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No. loUr Category 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018
H$) a) àË`j EŠgnmo‹Oa Direct Exposure
i) Amdmgr` ~§YH$-Residential Mortgages –Eogr Amdmgr` g§n{Îm na ~§YH Ûmam nyU©V… à{V^yV CYma Ohm± CYmaH$Vm©© ahVm h¡ `m ahoJm `m ^m‹S>o na {X`m h¡; / Lending fully secured by mortgages on residential property that is or will be occupied by the borrower or that is rented; 13,473.59 14,244.29 ({Og_| go, àmW{‘H$Vm-àmá joÌ ‘| em{‘b H$aZo hoVw nmÌ d¡`pŠVH$ Amdmg F$U)(of which, Individual housing loans eligible for inclusion in priority Sector) (7,100.89) (7,802.57)
ii) dm{UpÁ`H$ ñWmda g§nXm - Commercial Real Estate –
dm{UpÁ`H$ ñWmda g§nXm (H$m`m©b` ^dZ, IwXam ñWmZ, ~hw-CÔoer` dm{UpÁ`H$ n[aga, ~hw-n[admar` Amdmgr` ^dZ, ~hw-{H$amEXmar dm{UpÁ`H$ n[aga, Am¡Úmo{JH$ `m JmoXm_ ñWmZ, hmoQb, ^y{_ A{YJŒhU, {dH mg Ed§ {Z_m©U Am{X) na ~§YH$ Ûmam à{V^yV CYma& EŠgnmoµOa _o§ J¡a-{Z{Y AmYm[aV gr_mE§ (EZE\ ~r) ^r em{_b/Lending secured by mortgages on commercial real estates (offi ce buildings, retail space, multi-purpose commercial premises, multi-family residential buildings, multi-tenanted commercial premises, industrial or warehouse space, hotels, land acquisition, development and construction, etc.). Exposure also includes non-fund based (NFB) limits 2,660.32 5,015.91 ({OZ_| go, [ahmBer Amdmg hoVw dm{UpÁ`H$ ñWmda g§nXm)(of which, commercial Real Estate to Residential Housing) (1,028.94) (1,417.14)
iii) ~§YH$ g_{W©V à{V^y{V`m| (E_~rEg) _| {Zdoe VWm AÝ` à{V^y{VJV {dÎm EŠgnmo‹Oa -Investments in Mortgage Backed Securities (MBS) and other securitized exposures –
H$) Amdmgr` a) Residential 164.90 328.23
I) dm{UpÁ`H$ ñWmda g§nXm b) Commercial Real Estate - -
I) b) AàË`j EŠgnmoµOa Indirect Exposure
amîQ—r` Amdmg ~¢H$ (EZEM~r) VWm Amdmg {dÎm H§$n{Z`mo§ (EME’$gr) na {Z{Y AmYm[aV Ed§ J¡a-{Z{Y AmYm[aV EŠgnmoµOa, ñQoQ hmCqgJ ~moSmoª VWm H$mnmo©aoeZmo§ g{hVFund based and non-fund based exposures on National Housing Bank (NHB) and Housing Finance Companies (HFCs) including State Housing Boards and Corporations 5,790.09 1,801.15
ñWmda g§nXm joÌ _| Hw$b EŠgnmoµOa Total Exposure to Real Estate Sector 22,088.90 21,389.58
Maturity pattern of Assets and Liabilities as at March 31, 2018
(` H$amo‹S> _|/` in crores)
174
7.2 ny±Or ~mOma _o§ EŠgnmo‹Oa 7.2 Exposure to Capital Market (` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No. {ddaU Particulars
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
[i] B©p¹Qr eo`amo§, n{adV©Zr` ~m±Smo§, n{adV©Zr` {S~o§Mamo§ VWm B©p¹Qr CÝ_wI å`yMwAb \§ Smo§ H$s `y{ZQmo§ _o§ àË`j {Zdoe {OZH$s _yb {Z{Y {deof ên go H$mnmo©aoQ G$U _o§ {Zdoe Zht H$r JB© h¡;***Direct investment in equity shares, convertible bonds, convertible debentures and units of equity-oriented mutual funds the corpus of which is not exclusively invested in corporate debt***
1,146.89 1,177.90
[ii] eo`amo§/~m±Smo§/{S~o§Mamo§ `m AÝ` à{V^y{V`mo§ na A{JŒ_ `m eo`amo§ (AmB©nrAmo/B©EgAmonr g{hV), n[adV©Zr` ~m±Smo§, n[adV©Zr` {S~o§Mamo§ VWm B©pŠdQr CÝ_wI å`yMwAb \§ Smo§ H$s `y{ZQmo§ _o§ {Zdoe hoVw ì`{º mo§ H$mo ~oO_mZVr AmYma na A{JŒ_;Advances against share/bonds/debentures or other securities or on clean basis to individuals for investment in shares [including IPOs/ESOPs], convertible bonds, convertible debentures and units of equity-oriented mutual funds;
0.21 0.15
[iii] {H$gr AÝ` CÔoí`mo§ hoVw A{JŒ_ Ohm± eo`amo§ `m n[adV©Zr` ~m±Smo§ `m n[adV©Zr` {S~o§Mamo§ `m B©pŠdQr CÝ_wI å`yMwAb \§ Smo§ H$s `y{ZQmo§ H mo àmW{_H$ à{V^y{V Ho ê n _o§ {b`m OmVm h¡;Advances for any other purposes where shares or convertible bonds or convertible debentures or units or equity oriented mutual funds are taken as primary security;
0.03 0.13
[iv] {H gr AÝ` CÔoí`mo§ hoVw Cg gr_m VH$ A{JŒ_ Omo eo`amo§ `m n[adV©Zr` ~m±Smo§ `m n[adV©Zr` {S~o§Mamo§ `m B©pŠdQr CÝ_wI å`yMwAb \§ Smo§ H$s `y{ZQmo§ H$s g§nm{œ©H$ à{V^y{V Ûmam a{jV h¡ AWm©V², Ohm± eo`amo§/n[adV©Zr` ~m±Smo§/n[adV©Zr` {S~o§Mamo§/B©pŠdQr CÝ_wI å`yMwAb \§ Smo§ H$s `y{ZQmo§ Ho Abmdm àmW{_H$ à{V^y{V/A{JŒ_mo§ H mo nyU©V… a{jV Zht H$aVo h¢ ;Advances for any other purposes to the extent secured by the collateral security of shares or convertible bonds or convertible debentures or units of equity oriented mutual funds, i.e., where the primary security other than shares/convertible bonds/convertible debentures/units of equity oriented mutual funds does not fully cover the advances;
224.03 224.23
[v] eo`a Xbmbmo§ H mo O_mZVr VWm J¡a-O_mZVr A{JŒ_ VWm eo`a Xbmbmo§ VWm ~mOma {d{Z_m©VmAmo§ H$s Amoa go Omar Jma§{Q`m±;Secured and unsecured advances to stock brokers and guarantees issued on behalf of stockbrokers and market makers;
0.35 0.64
[vi] eo`amo§/~m±Smo§/{S~o§Mamo§ `m AÝ` à{V^y{V`mo§ H$s à{V^y{V na `m ~‹TVo g§gmYZmo§ H$s àË`mem _o§ ZB© H§ n{Z`mo§ H$s B©pŠdQr _o§ àdV©H$ Ho `moJXmZ H mo nyam H aZo hoVw ~oO_mZVr AmYma na H mnmo©aoQmo§ hoVw _§Oya {H$E JE G$U;Loans sanctioned to corporates against the security of shares/bonds/debentures or other securities or on clean basis for meeting promoter’s contribution to the equity of new companies in anticipation of raising resources;
- -
[vii] àË`m{eV B©pŠdQr àdmh/{ZJ©_ na H§ n{Z`mo§ H mo VmËH m{bH$ G$U;Bridge loans to companies against expected equity fl ows/issues;
- -
[viii] eo`amo§ `m n[adV©Zr` ~m±Smo§ `m n[adV©Zr` {S~o§Mamo§ `m B©pŠdQr CÝ_wI å`yMwAb \§ Smo§ H$s `y{ZQmo§ H$s àmW{_H$ {ZJ©_ hoVw ~¢H$mo§ Ûmam br JB© hm_rXmar à{V~ÕVmE±;Underwriting commitments taken up by the banks in respect of primary issue of shares or convertible bonds or convertible debentures or units of equity oriented mutual funds;
- -
[ix] _m{O©Z ì`mnma hoVw eo`a Xbmbmo§ H mo {dÎm àXmZ H$aZm;(Omar ~¢H$ Jma§{Q`m±) Financing to stockbrokers for margin trading [Bank Guarantees issued]
1.75 2.25
[x] CÚ_ ny±Or {Z{Y (n§OrH¥ V VWm J¡a-n§OrH¥ V XmoZmo§) H$mo g^r Omo{I_All exposures to Venture Capital Funds (both registered and unregistered)
126.25 136.97
ny±Or ~mOma _o§ Hw b EŠgno‹Oa Total Exposure to Capital Market 1,499.51 1,542.27
*** Bg_o§ grSrAma/EgSrAma/Eg4E `moOZmAmo§ Ho VhV G$U H$mo B©p¹Qr _o§ n{ad{V©V H$aZo Ho H$maU `918.53 H$amo‹S (JV df© `899.37 H$amo‹S) {Zdoe VWm `107.70 H$amo‹S (JV df© `107.70 H$amo‹S) H$m aUZr{VnaH$/gpãgSoar {Zdoe, {OÝho§ 20% H$s gr_m go NyQ àmßV h¡, em{_b h¢&
*** includes investments of `918.53 crores (Previous year `899.37 crores) on account of conversion of debt into equity under CDR/SDR/S4A schemes and `107.70 crores (previous year `107.70 crores) as strategic/Subsidiary investments both of which are exempted from 20% ceiling.
175ANNUAL REPORT 2018-19
7.3 Risk Category wise Country Exposure The following are the bank’s country wise net risk
exposure based on the Country risk classifi cation provided by the Export Credit Guarantee Corporation (ECGC).
(` H$amo‹S _o§/` in crores)
H«$.g§.Sl. No.
Omo{I_ loUrRisk Category
31 _mM©, 2019 H$mo EŠgnmo‹Oa ({Zdb)
Exposure (net) as at March 31, 2019
31 _mM©, 2019 H$moYm[aV àmdYmZ
Provision held as at March 31, 2019
31 _mM©, 2018 H$mo EŠgnmo‹Oa ({Zdb)
Exposure (net) as at March 31, 2018
31 _mM©, 2018 H$mo Ym[aV àmdYmZ
Provision held as at March 31, 2018
i) ZJÊ` Insignifi cant 3975.68 - 966.98 -
ii) {ZåZ Low 839.34 - 520.40 -
iii) _Ü`_ Moderate 12.69 - 17.94 -
iv) CÀM High 9.92 - 9.44 -
v) AË`{YH Very High 6.58 - 4.19 -
vi) à{V~§{YV Restricted - - 0.00 -
vii) G$UoVa Off Credit - - - -
`moJ Total 4,844.21 - 1,518.95 -
7.4 Details of Single Borrower Limit (SBL), Group Borrower Limit (GBL) exceeded by the Bank
During the year ended March 31, 2019, the Bank has exceeded the exposure ceiling fi xed by RBI to Individual borrower/Group in the following cases, which have been approved by the Board.
(` H$amo‹S _o§/` in crores)
H«$.g§.Sl. No. JŒmhH$ H$m Zm_
Name of the Clientdf© Ho Xm¡amZ A{YH$V_ EŠgnmoOa
Maximum Exposure during the year
n±yOrJV {Z{Y Ho$ à{VeV Ho$ ê$n _| EŠgnmoOa
Exposure as a percent-age of Capital Funds
H$. EH$b CYmaH$Vm©/A. Single Borrower 1 ^maVr` ImÚ {ZJ_/Food Corporation of India 2426.00 18.82% 2 Amdmg {dH$mg {dÎm H$mnmo©aoeZ {b.
Housing Development Finance Corporation Ltd. 2426.00 18.82%
3 EbAmB©gr Amdmg {dÎm {b. LIC Housing Finance Ltd. 2320.00 17.99%I. g_yh CYmaH$Vm© / B. Group Borrower
eyÝ`/ NilJ. Ama~rAmB© Ûmam Bg CÔoí` Ho$ {bE {ZYm©[aV g§^m{dV EŠgnmoµOa gr_mE± {ZåZmZwgma h¢:/C. Prudential Exposure limits for this
purpose fi xed by the RBI are as under:ì`pŠVJV CYmaH$Vm©
Individual Borrower
g_yh CYmaH$Vm©Group Borrower
H$] /A] Vob ~m§S OmarH$Vm© Vob H§ n{Z`mo§ H$mo NmoSH$aOther than oil companies who have been issued oil bonds_yb/Basic 15% 40%
BÝ\Œ mñQ—ŠMa Ho Abmdm /Additional for Infrastructure 5% 10%
VwbZ nÌ àH$QZ Ho gmW, AgmYmaU n[apñW{V`mo§ Ho VhV A{V[aºAdditional under exceptional circumstances with Balance Sheet disclosures
5% 5%
I] B] Vob ~m§S OmarH$Vm© Vob H§ n{Z`m±Oil Companies who have been issued oil bonds
25% N.A.
7.3 Omo{I_ àdJ© dma Xoer EŠgnmoµOa {Z`m©V G$U Jma§Qr H mnmo©aoeZ (B©grOrgr) Ûmam àXÎm XoeJV G$U Omo{I_
dJr©H$aU Ho AmYma na ~¢H Ho Xoe dma {Zdb Omo{I_ EŠgnmoµOa {ZåZ{b{IV h¡&
7.4 ~¢H$ Ûmam EH$b CYmaH$Vm© gr_m (Eg~rEb), JŒwn CYmaH$Vm© gr_m (Or~rEb) go A{YH$ àXÎm G$U Ho {ddaU
~¢H Zo 31 _mM©, 2019 H$mo g_mßV df© Ho Xm¡amZ {ZåZdV d¡`{º H CYmaH$Vmª/JŒwn hoVw ^maVr` [aµOd© ~¢H Ûmam {ZYm©[aV ~¢H Ho ny§Or {Z{Y`mo§ Ho à{VeV H$s EŠgnmoµOa A{YH$V_ gr_m H$mo nma {H$`m h¡, {Ogo {ZXoeH _§Sb Ûmam AZw_mo{XV {H$`m J`m h¡&
176
7.5 Aà{V^yV A{JŒ_ 7.5 Unsecured Advances(` H$amo‹S _o§/` in crores)
H«$.g§.Sl. No.
{ddaU Particulars31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018
i) Hw$b Aà{V^yV A{JŒ_/Total Unsecured Advances 36,865.85 19,698.24
ii) {OZ_o§ ~¢H$ Ûmam A{YH$ma, bmBgo§g, ~Œ¢S _yë`m§H$Z, àm{YH$ma Am{X O¡gr A_yV© à{V^y{V`mo§ H$mo g§nm{œ©H$ à{V^y{V Ho ê$n _o§ {bE JE A{JŒ_Out of which advances with intangible securities such as charge over the rights, licenses, brand valuations, authorizations etc., taken by the bank as collateral - 1.49
iii) Eogr A_yV© g§nm{œ©H$ à{V^y{V H$m AZw_m{ZV _yë`Estimated value of such intangible collateral - 55.47
8.0 Disclosure of Penalties Imposed by RBIDuring the year 2018-19, Reserve Bank of India (“RBI”) has imposed following Penalties:A. i) As per the provisions of RBI Master Circular DCM
(CC) No. G-4/03.044.01/2018-19 dated 03.07.2018 on “Scheme of Incentive and penalties for Bank branches based on performance in rendering customer service to the members of public”, an aggregate amount of `0.31 crores has been imposed as penalties for discrepancies detected while a) processing the soiled notes remittances received from the Bank’s Currency Chests and b) Inspection of Currency Chests.
ii) `2.00 crores penalty levied by RBI vide communication ref No. EFD.CO.SO/537/02.01.013/2018-19 dated 01.02.2019 under Section 35, 35A, 46 and 47A of Banking Regulation Act, 1949 for violation of regulatory guidelines.
iii) 1.00 crore penalty levied by RBI vide communication ref No. EFD.CO.SO/616/02.01.008/2018-19 dated 25.02.2019 under Section 35, 35A, 46 and 47A of Banking Regulation Act, 1949 for violation of regulatory directions on time bound implementation & strengthening of SWIFT related operational controls.
iv) Penalty levied during Incognito Visit of RBI `0.001 crore.
B. Disclosure requirements as per accounting standards where RBI has issued guidelines in respect of disclosure items for notes to the accounts
1.0 PRIOR PERIOD ITEMS Prior Period Expenses (net of Income) during the year `3.29 crores [Previous year `0.44 crores (Prior Period Income (net of Expenses)] to the extent identifi ed.
2.0 FIXED ASSETS 1. Premises include properties costing `12.23 crores
(previous year `12.47 crores) for which registration formalities are pending.
8.0 ^m.[a.~¢. Ûmam bJm`o Ow_m©Zo H$m àH$QZ
{dÎm df© 2018-19 Ho$ Xm¡amZ, ^maVr` [a‹Od© ~¢H$ (^m.[a.~¢.) Zo {ZåZdV Ow_m©Zm bJmE h¢:H$. i) ^m[a~¢ _mñQ>a n[anÌ S>rgrE_ (grgr) g§.Or-4/03.044.01/
2018-19 {XZm§{H$V 03.07.2018 Am_ OZVm H$mo J«mhH$ godm àXmZ H$aZo _| H$m`©{ZînmXZ Ho$ AmYma na ~¢H$ emImAm| Ho$ {bE àmoËgmhZ Am¡a X§S> H$s moOZm Ho$ àmdYmZm| Ho$ AZwgma _wÐm {VOmoar go àmá J§Xo ZmoQ> {dàofU H$s à{H«$`m Ho$ Xm¡amZ H$_r nm`r OmZo Ho$ H$maU `0.31 H$amo‹S> H$s am{e H$m Ow_m©Zm bJm`m J`m&
ii) Ama~rAmB© Zo AnZo gyMZm g§»`m B©E\$S>r& grAmo / 537/02.01.013/2018-19 {XZm§H$ 01.02.2019 Ho$ Ymam 35, 35 E, 46 Am¡a 47E Ho$ VhV ~¢qH$J {d{Z`_Z A{Y{Z`_, 1949 Ho$ VhV {d{Z`m_H$ {Xem{ZX}em| Ho$ C„§KZ Ho$ H$maU 2.00 H$amo‹S> H$m Ow_m©Zm bJm`m &
iii) ~¢qH$J {d{Z`_Z A{Y{Z`_, 1949 H$s Ymam 35, 35E, 46 Am¡a 47 E Ho$ VhV ~¢qH$J {d{Z`_Z A{Y{Z`_, 1949 H$s {d{Z`m_H$ {ZX}em| Ho$ C„§KZ Ho$ VhV Ama~rAmB© Zo AnZo gyMZm g§»`m B©E\$S>r.grAmo& AmoAmo/EgAmo/616/02.01.008/2018-19 Ho$ VhV pñdâQ> g§~§{YV n[aMmbZ {Z`§ÌUm| Ho$ g_`~Õ H$m`m©Ýd`Z Am¡a gwÑ‹T>rH$aU Ho$ C„§KZ Ho$ H$maU ` 1.00 H$amo‹S> H$m Ow_m©Zm bJm`m &
iv) ^maVr` [aOd© ~¢H$ Ho$ Am¡MH$ {ZarjU Ho$ Xm¡amZ ` 0.001 H$amo‹S> Ow_m©Zm bJm`m J`m& &
I. boIm _mZH mo§ Ho$ AZwgma àH QZ AnojmE§ Ohm± ^m.[a.~¢. Zo boImo§ H$s {Qßn{U`mo§ Ho$ {bE àH$QZ _Xmo§ Ho$ g§~§Y _o§ {Xem{ZXo©e Omar {H$E h¢
1.0 nyd© Ad{Y _Xo§ df© Ho$ Xm¡amZ nhMmZr JB© _mÌm VH$ nyd© Ad{Y Am` ({Zdb ì``)
`3.29 H$amo‹S> JV df© `0.44 H$amo‹S> (nyd© Ad{Y Am` ({Zdb ì``)) H$m nyd© Ad{Y ì`` (Am` H$m {Zdb){H$`m J`m&
2.0 pñWa AmpñV`m±1. n[aga _| 12.23 H$amo‹S> (JV df© 12.47 H$amo‹S>) H$s bmJV dmbr
n[ag§n{Îm`m± ^r em{_b h¢ {OZHo$ n§OrH$aU H$s Am¡nMm[aH$VmE§ bpå~V h¢&
177ANNUAL REPORT 2018-19
2. Fixed Assets include `4.40 crores (Previous Year `1.50 crores) in respect of Capital Work in Progress.-Premises.
3. During the year 2018-19, cost of software acquired is `37.04 crores (Previous Year `37.48 crores) and the amount amortized during the year is `38.56 crores (Previous Year `28.61 crores).
4. Contracts pending execution on Capital account and not provided for is `105.06 crores (Previous Year `578.59 crores).
5. During the year, the Bank has reversed `19.26 crores from the revaluation reserve towards the General Reserve (previous year `16.46 crores).
6. As per RBI guidelines, Bank has carried out Revaluation of Bank owned properties, the value of which is `962.62 crores as gainst the previous value of `687.99 crores.
7. During the year 2018-19, an amount of `4.19 crores has been reduced from the cost of Fixed Assets on account of Goods and Services Tax (GST) for utilizing the same as input credit against GST liability (previous year `2.33 crores)
3.0 EMPLOYEE BENFITS
3.1 The Bank has accounted for Employee Benefi ts as per Accounting Standard 15 issued by the Institute of Chartered Accountants of India.
DEFINED BENEFITS 3.2 a) Changes in the present value of the defi ned benefi t
obligations:(` H$amo‹S> _|/` in crores)
2. pñWa AmpñV`m| _| ny±OrJV Mmby H$m`©-n[aga go g§~§{YV `4.40 H$amo‹S> (JV df© `1.50 H$amo‹S> ) em{_b h¡&
3. df© 2018-19 Ho$ Xm¡amZ A{O©V gm°âQ>do`am| H$s bmJV 37.04 H$amo‹S> (JV df© 37.48 H$amo‹S>) h¡ Am¡a df© Ho$ Xm¡amZ n[aemo{YV am{e `38.56 H$amo‹S> (JV df© `28.61 H$amo‹S>) h¡&
4. ny±OrJV ImVo na {ZînmXZ hoVw b§{~V g§{dXmE± {OZHo$ {bE àmdYmZ Zht {H$`m J`m, `105.56 H$amo‹S> (JV df© `578.59 H$amo‹S>) h¢&
5. df© Ho$ Xm¡amZ ~¢H$ Zo gm_mÝ` Ama{jV ({nN>bo df© `16.46 H$amo‹S>) Ho$ {bE nwZ_y©ë`m§H$Z [aOd© go `19.26 H$amo‹S> én`o àË`md{V©V {H$`m h¡ &
6. ^maVr` [a‹Od© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma, ~¢H$ Zo ~¢H$ Ho$ ñdm{_Ëd dmbr g§n{Îm`m| H$m nwZJ©R>Z {H$`m h¡, {OgH$m _yë` {nN>bo _yë` Ho$ 687.99 H$amo‹S> H$s VwbZm _| 962.62 H$amo‹S> h¡&
7. df© 2018-19 Ho$ Xm¡amZ, dñVw Ed§ godm H$a na ñWm`r AmpñV Ho$ bmJV am{e H$mo `4.19 H$amo‹S> H$_ {H$`m J`m h¡ Vm{H$ OrEgQ>r Xo`VmE§ ({nN>bo df© `2.33 H$amo‹S>) Ho$ {bE Cº$ H$mo àd¥{ï> {ZH$mgr Ho$ ê$n _| à`moJ {H$`m Om gHo$ &
3.0 H$_©Mmar {hVbm^3.1 ^maVr` gZXr boImH$ma g§ñWmZ Ûmam Omar boIm§H$Z _mZH$ 15 Ho$ AZwgma ~¢H$ Ûmam H$_©Mmar {hVbm^ hoVw boIm§H$Z {H$`m J`m h¡&
{Z{X©îQ bm^3.2 (H$) n[a^m{fV bm^ Xo`Vm Ho$ dV©_mZ _yë` _o§ n[adV©Z
Xm{`ËdObligations
no§eZ [{Z{YH$]Pension [Funded]
JŒ¡À`wQr [{Z{YH$]Gratuity [Funded]
XrKm©d{Y à{VnyaH$ {hVbm^ AZwnpñWV [A{Z{YH$]
Long Term compensated absences [Unfunded]
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
Ama§{^H$ eof Opening Balance 3,427.79 3,206.07 543.97 460.38 250.65 247.16
ã`mO bmJV Interest Cost 260.42 228.81 38.98 31.93 17.75 16.56
Mmby godm bmJVCurrent Service Cost 93.03 82.66 48.17 42.66 38.55 35.02
{dJV godm bmJV - {ZYm©[aVPast service cost-recognized - - - - - -
{dJV godm bmJV - A{ZYm©[aVPast service cost-unrecognized - - - - - -
{dJV godm bmJV - n[aemoYZ hoVw AnmÌ Past service cost-Not eligible for amortization - - - - - -
àXÎm {hVbm^ Benefi t Paid (220.66) (186.03) (84.56) (51.80) (49.16) (43.61)
Xm{`Ëd na ~r_m§{H H$ (bm^)/hm{Z Actuarial (Gain) / Loss on obligation 85.92 96.28 19.08 60.80 (0.86) (4.48)
A§{V_ eof Closing Balance 3,646.50 3,427.79 565.64 543.97 256.93 250.65
178
b) Changes in the fair value of the plan assets:
(` H$amo‹S> _|/` in crores)
`moOZm AmpñV`m±Plan Assets
no§eZ [{Z{YH$]Pension [Funded]
JŒ¡À`wQr [{Z{YH$]Gratuity [Funded]
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
Aà¡b H$moo `moOZm AmpñV`mo§ H$m C{MV _yë` Fair Value of plan assets as on April 3,427.79 3,216.07 485.48 462.37
`moOZm AmpñV A§eXmZmo§ na àË`m{eV à{Vbm^Expected Return on Plan Assets Contributions
278.77 516.63 40.71 38.12
{Z`moŠVm A§eXmZ Employer Contribution 147.76 139.52 113.86 40.00
Xygao Ý`mg Am¡a gXñ`mo§ go A§VaU Transfer from other trust and members - - - -
àXÎm {hVbm^/Benefi ts Paid (220.66) (186.03) (84.57) (51.80)
~r_m§{H$H$ bm^/(-) hm{Z Actuarial gain / (-) loss (5.33) (258.40) (0.23) (3.20)
_mM© H$moo `moOZm AmpñV`mo§ H$m {hVbm^ /Fair Value of plan assets as on March 3,628.33 3,427.79 555.25 485.49
J. `Wm 31 _mM©, 2019 H$mo VwbZnÌ _o§ {ZpíMV {Zdb AmpñV/ (Xo`Vm): c. Net Asset/(Liability) recognised in the Balance Sheet as at March 31, 2019:
(` H$amo‹S> _|/` in crores)
n[a^m{fV bm^Defi ned benefi ts
no§eZ [{Z{YH ]Pension [Funded]
JŒ¡À`wQr [{Z{YH ]Gratuity [Funded]
XrKm©d{Y à{VnyaH$ {hVbm^ AZwnpñWV [A{Z{YH ]
Long Term compensated absences [Unfunded]
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
n[a^m{fV Xo`Vm H m dV©_mZ _yë`Present value of the defi ned obligation 3,646.50 3,427.79 565.64 543.97 256.93 250.65
`moOZm AmpñV`mo§ H m A§{H V _yë`Fair value of the plan assets 3,628.33 3,427.79 555.25 485.49 - -
{Z{YH$ pñW{V [A{Yeof/(H _r)]Funded Status [surplus/(defi cit)] (18.17) - (10.39) (58.48) * (256.93) (250.65)
VwbZnÌ _o§ {Z{üV {Zdb AmpñV/ (Xo`Vm) Net Asset/(Liability) recognised in the Balance Sheet (18.17) - (10.39) (58.48) * (256.93) (250.65)
* Defi cit of `58.48 crores for the Financial Year 2017-18 provided in Financial Year 2018-19 in Three Quarters equally. * {dÎmr` df© 2017-18 Ho$ {bE 58.48 H$amo‹S> én`o H$s H$_r H$mo {dÎmr` df© 2018-19 _| VrZ {V_mhr _| g_mZ ê$n go àmdYmZ H$s JB©&
^m[a~¡§ Zo AnZo nÌ g§X^© g§»`m.S>r~rAma.~rnr.9730/21/21.04.2018/2017-18 {XZm§{H$V 27 Aà¡b 2018 Ho$ O[aE 31 _mM© 2018 H$mo g_má {V_mhr go àmaå^ Mma {V_m{h`m| hoVw ~¢H$mo§ H$mo J«¡À`wQ>r H$m ^wJVmZ A{Y{Z`_ Ho$ VhV 29.03.2018 go J«¡À`wQ>r H$s gr_m H$mo `10 bmI go ~‹T>mH$a `20 bmI VH$ H$aZo H$m {dH$ën {X`m h¡ & VXZþgma,31.03.2018 H$mo g_má {V_mhr hoVw `19.49 H$amo‹S> àmdYmZ {H$`m J`m Am¡a {dÎm df© 2018-19 H$s VrZ {V_m{h`m| _| `58.48 H$amo‹S> àmdYmZ H$a {XE JE h¢ &Reserve bank of India vide their letter ref no:DBR.BP.9730/21/21.04.2018/2017-18 dt April 27, 2018 has given the option to the banks to spread the additional liability on account of the enhancement in Gratuity Limits from `10 Lakh to `20 Lakh from 29th March, 2018 under the Payment of Gratuity Act over 4 quarters beginning with the quarter ended March 31, 2018. Accordingly `19.49 crore was provided in the quarter ended 31st March, 2018 and `58.48 crore has been provided in fi rst three quarters of the FY 2018-19.
I) `moOZm AmpñV`mo§ Ho$ A§{H$V _yë` _o§ n[adV©Z
179ANNUAL REPORT 2018-19
K. bm^ Ed§ hm{Z {ddaU _o§ {ZYm©[aV Hw$b ì``… d. Total Expenses recognized in the Profi t and Loss Account : (` H$amo‹S> _|/` in crores)
n[a^m{fV {hVbm^Defi ned benefi ts
no§eZ [{Z{YH$]Pension [Funded]
JŒ¡À wQr [{Z{YH$]Gratuity [Funded]
XrKm©d{Y à{VnyaH$ {hVbm^AZwnpñWV [A{Z{YH$]
Long Term compensated absences [Unfunded]
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
Mmby godm bmJV Current Service Cost 93.03 82.66 48.17 42.66 38.55 35.02
ã`mO bmJV Interest Cost 260.42 228.81 38.98 31.93 17.75 16.56
`moOZm AmpñV`mo§ na àË`m{eV à{Vbm^Expected return on plan assets (278.78) (516.63) (40.71) (38.11) - -
Ad{Y Ho Xm¡amZ {ZYm©[aV {Zdb ~r_m§{H$H$ (bm^)/hm{ZNet Actuarial (Gain) / Loss recognized in the period 91.25 354.68 19.32 63.99 (0.86) (4.48)
{dJV godm bmJV - {ZYm©[aV Past service cost-recognized - - - - - -
{dJV godm bmJV - n[aemoYZ hoVw AnmÌPast service cost–Not eligible for amortization - - - - - -
bm^ Ed§ hm{Z {ddaU _o§ {ZYm©[aV ì``Expenses recognized in the statement of Profi t and Loss 165.92 149.52 65.76 41.99 55.44 47.10
AJbo df© n{aemoYZ hoVw {dJV godm bmJV ñW{JV (g_mZ ê$n go VrZ {V_m{h`m| _|) Past service cost deferred for amortisation in next year (Equally in three quarters) - - 58.48
{dÎmr` df© 2017-18 Ho$ {bE 58.48 H$amo‹S> én o H$s H$_r {dÎmr` df© 2018-19 _| VrZ {V_mhr _| g_mZ ê$n go àmdYmZ H$s JB©&Defi cit for the year FY 2017-18 of `58.48 crores has been provided in Three quarters equally in FY 2018-19
L>. VwbZnÌ VmarI H mo à`wº _w»` ~r_m§{H$H$ _mÝ`VmE§ : e. The principal actuarial assumptions used at the balance sheet date:(à{VeV _o§/in percentage)
n[a^m{fV bm^ {Z{YHDefi ned benefi ts funded
no§eZ [{Z{YH$]Pension [Funded]
JŒ¡À`wQr [{Z{YH$]Gratuity [Funded]
XrKm©d{Y à{VnyaH$ {hVbm^ AZwnpñWV [A{Z{YH ]
Long Term compensated absences [Unfunded]
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
~Åm Xa Discount Rate 7.77% 7.85% 7.77% 7.85% 7.77% 7.85%
doVZ d¥{Õ Salaries increase 5.50% 5.50% 5.50% 5.50% 5.50% 5.50%
no§eZ d¥{Õ Pension increase 5.50% 5.50% bm.Z. NA bm.Z. NA bm.Z. NA bm.Z. NA
AQ´>reZ _yë` Attrition Rate 2.02% 1.43% 1.63% 1.31% 1.63% 1.31%
`moOZm AmpñV`mo§ na Ano{jV dmngr Xa Expected Rate of Return on Plan Assets 8.22% 8.12% 8.14% 8.11% bm.Z. NA bm.Z. NA
180
M. `moOZm AmpñV`mo§ H$m g§KQZ… f. The Compositions of Plan Assets:(à{VeV _o§/in percentage)
{ddaU Particulars
no§eZ-({Z{YH$) Pension-(Funded) JŒ¡À`wQr-({Z{YH$) Gratuity-(Funded)
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
gaH$mar à{V^y{V`m± Government Securities - - - -
CÀM JwUdÎmm gaH$mar ~m±S High Quality Corporate Bonds 1.78 2.60 5.99 7.19
{deof O_mam{e`m± Special deposits 2.62 3.24 1.58 0.46
AÝ` (nrEg`y) Other (PSU) - - - -
~r_m `moOZmAmo§ Ho A§VJ©V AmpñV`m± Assets under Insurance Schemes 95.60 94.16 92.43 92.35
Hw$b Total 100.00 100.00 100.00 100.00
N>. n[a^m{fV {hVbm^ Xm{`Ëdmo§ H$m dV©_mZ _yë`, `moOZm AmpñV`mo§ H m C{MV _yë`, A{Yeof/H$_r VWm Mmby Ed§ JV df© Ho {bE AZw^d g_m`moOZ {ZåZmZwgma h¡…
g. The present value of defi ned benefi ts obligations, the fair value of plan assets, Surplus/Defi cits and experience adjustments are as under:
(` H$amo‹S> _|/` in crores)
no§eZ Pension
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2017
31st March, 2017
31 ‘mM©,2016
31st March, 2016
31 ‘mM©,2015
31st March, 2015
Xm{`Ëd H$m dV©_mZ _yë` PV of obligation 3646.50 3,427.79 3,206.07 2,975.91 2,779.59
`moOZm AmpñV`mo§ H$m C{MV _yë` Fair value of plan assets 3628.33 3,427.79 3,216.07 2,985.32 2,809.49
(A{Yeof)/H$_r (Surplus)/Defi cits 18.17 0.00 (10.00) (9.41) (29.90)
An[aemo{YV Xo`Vm Un-amortized Liability 0.00 0.00 0.00 0.00 0.00
(A{Yeof)/H$_r [An[aemo{YV Xo`Vm H$m {Zdb](Surplus)/Defi cits [Net of Un-amortized Liability] 18.17 0.00 (10.00) (9.41) (29.90)
`moOZm Xo`VmAmo§ na AZw^d g_m`moOZ (hm{Z)/bm^Experience Adjustment on Plan Liabilities (Loss)/Gain (85.92) (96.28) (89.20) (118.10) 148.08
`moOZm AmpñV`mo§ na AZw^d g_m`moOZ (hm{Z)/bm^Experience Adjustment on Plan assets (Loss)/Gain (5.33) (258.41) (7.00) 23.46 61.96
JŒ¡À`wQr Gratuity
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2017
31st March, 2017
31 ‘mM©,2016
31st March, 2016
31 ‘mM©,2015
31st March, 2015
Xm{`Ëd H$m dV©_mZ _yë` PV of obligation 565.64 543.97 460.38 451.25 465.03
`moOZm AmpñV`mo§ H$m C{MV _yë` Fair value of plan assets 555.25 485.48 462.37 468.42 478.85
(A{Yeof)/H$_r (Surplus)/Defi cits 10.39 58.49 (1.99) 17.17 13.82
`moOZm Xo`VmAmo§ na AZw^d g_m`moOZ (hm{Z)/bm^ Experience Adjustment on Plan Liabilities(Loss)/Gain (19.08) (60.80) 23.51 28.81 20.73
`moOZm AmpñV`mo§ na AZw^d g_m`moOZ (hm{Z)/bm^Experience Adjustment on Plan assets (Loss)/Gain (0.23) (3.20) (1.10) (1.30) 18.30
181ANNUAL REPORT 2018-19
XrKm©d{Y à{VnyaH$ {hVbm^ - A{Z{YHLong Term compensated Absences
31 ‘mM©,2019
31st March, 2019
31 ‘mM©,2018
31st March, 2018
31 ‘mM©,2017
31st March, 2017
31 ‘mM©,2016
31st March, 2016
31 ‘mM©,2015
31st March, 2015
Xm{`Ëd H$m dV©_mZ _yë` PV of obligation 256.93 250.65 247.16 247.36 236.56
`moOZm AmpñV`mo§ H$m C{MV _yë` Fair value of plan assets 0.00 0.00 0.00 0.00 0.00
(A{Yeof)/H$_r (Surplus)/Defi cits 256.93 250.65 247.16 247.36 236.56
`moOZm Xo`VmAm| na AZw^d g_m`moOZ (hm{Z)/bm^Experience Adjustment on Plan Liabilities (Loss)/Gain (0.86) (4.48 ) ( 7.64) (5.56) (6.49)
`moOZm AmpñV`mo§ na AZw^d g_m`moOZ (hm{Z)/bm^ Experience Adjustment on Plan assets (Loss)/Gain 0.00 0.00 0.00 0.00 0.00H$_©Mmar ~r_mar NwÅr `moOZm - df© 2018-19 Ho Xm¡amZ, ~r_mar NwÅr hoVw Xm{`Ëd H$mo nyam H$aZo Ho {bE ~¢H$ Zo Hw b `2.07 H$amo‹S H$m ì`` {H$`m h¢ & _mM© 31, 2019 H$moo {Z{Y _yë` H$m dV©_mZ _yë` `58.01 H$amo‹S h¢ &The Employee Sick Leave Scheme- During the year 2018-19, Bank has provided a total expenses of `2.07 crores for meeting the obligation towards Sick Leave. Present value of Fund value as on 31st March 2019 is `58.01 crores.
4.0 àI§S [anmo{Q>ªJ - ^maVr` gZXr boImH ma g§ñWmZ Ûmam Omar ""boIm§H$Z _mZH$ 17 - àI§S [anmo{Q>ªJ'' Ho AZwgma àI§S [anmoQ© Bg àH$ma h¡…
4.0 SEGMENT REPORTING - Disclosure as per “AS 17 - ‘‘Segment Reporting”, issued by the Institute of Chartered Accountants of India are given below:
(` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No.
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
H$) a) àI§S> amOñd Segment Revenue i) Q´>oµOar n[aMmbZ Treasury Operations 4,121.61 6,429.73 ii) WmoH$ ~¢qH$J Wholesale Banking 7,087.52 7,174.08 iii) IwXam ~¢qH$J Retail Banking 5,320.25 5,385.60 iv) Aݶ ~¢qH$J n[aMmbZ Other Banking Operations 388.63 451.62 v) AZm~§{Q>V Unallocated 576.70 500.38 Hw$b Total 17,494.70 19,941.41
I) b) àI§S> n[aUm‘ Segment Results
à˶oH$ àI§S> go H$a nyd© Am¡a ã¶mO níMmV² bm^ (+) hm{Z (-)Profi t (+) Loss (-) before tax and after interest from each segment
i) Q´>oµOar n[aMmbZ Treasury Operations (48.13) 464.45 ii) WmoH$ ~¢qH$J Wholesale Banking (7,782.81) (6,819.21) iii) IwXam ~¢qH$J Retail Banking 498.80 419.25 iv) Aݶ ~¢qH$J n[aMmbZ Other Banking Operations 388.49 451.26 Hw$b Total (6,943.66) (5,484.25)
J) c) AZm~§{Q>V 춶 Unallocated Expenses 1,105.03 1,196.60
K) d) n[aMmbZ bm^ Operating Profi t/(Loss) (8,048.69) 6,680.86 L>>) e) Am¶ H$a Income Tax (1,715.70) (2,626.92)
M) f ) AgmYmaU bm^/hm{Z Extraordinary Profi t/Loss - -
N>) g) {Zdb bm^/(hm{Z) Net Profi t/(Loss) (6,332.98) (4,053.94)O) h) Aݶ gyMZm Other Information
P) i) àI§S> AmpñV¶m± Segment Assets i) Q´>oµOar n[aMmbZ Treasury Operations 60,943.96 72,196.01 ii) WmoH$ ~¢qH$J Wholesale Banking 65,204.55 66,930.56 iii) IwXam ~¢qH$J Retail Banking 63,081.65 60,871.73 iv) Aݶ ~¢qH$J n[aMmbZ Other Banking Operations 2.21 5.07 v) AZm~§{Q>V AmpñV¶m± Unallocated Assets 24,345.48 21,887.88
Hw$b AmpñV¶m± Total Assets 213,577.85 221,891.25
182
H«$.g§.Sl. No.
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
Äm) j) àI§S> Xo¶VmE± Segment Liabilities i) Q´>oµOar n[aMmbZ Treasury Operations 54,109.78 65,719.83 ii) WmoH$ ~¢qH$J Wholesale Banking 58,917.43 62,147.50 iii) IwXam ~¢qH$J Retail Banking 60,929.39 61,244.15 iv) Aݶ ~¢qH$J n[aMmbZ Other Banking Operations 1.96 4.60 v) AZm~§{Q>V Xo¶VmE± Unallocated Liabilities 23,054.42 21,929.32
Hw$b Xo¶VmE± Total Liabilities 197,012.99 211,045.40 Q) k) bJmB© JB© ny±Or (ZrMo Ho$ ZmoQ> H$m g§X^© b|) Capital employed (refer note below)
i) Q´>oµOar n[aMmbZ Treasury Operations 6,834.18 6,476.17 ii) WmoH$ ~¢qH$J Wholesale Banking 6,287.12 4,783.07 iii) IwXam ~¢qH$J Retail Banking 2,152.26 (372.42) iv) Aݶ ~¢qH$J n[aMmbZ Other Banking Operations 0.25 0.47 v) AZm~§{Q>V AmpñV¶m§ Unallocated Assets 1,291.06 (41.44) Hw$b AmpñV`m± Total Assets 16,564.86 10,845.85
Part B : Geographic SegmentThe Geographic segment consists of only domestic segment as the Bank does not have any foreign branch.Notes on Segment Reporting: 1 As per guidelines of RBI on compliance with Accounting
Standards, the Bank has adopted “Treasury Operations”, “Wholesale”, “Retail” and “Other Banking Operations” as Primary segments under “Domestic Segment” for the purpose of compliance with AS-17 on “Segment Reporting” issued by ICAI.
2 Segment Liabilities are distributed in the ratio of their respective Segment Assets.
3 Figures of the previous period / year have been regrouped / reclassifi ed based on current quarter / period’s presentation.
5.0 RELATED PARTY DISCLOSURE
In compliance with Accounting Standard 18 - Related Party Disclosures, issued by the Institute of Chartered Accountants of India read along with the Reserve Bank of India guidelines, the details pertaining to Related Party transactions are disclosed as under:
a) Name of the Related Party and relationship:
IÊS> I : ^m¡Jmo{bH$ àI§S> ^m¡Jmo{bH$ àI§S> _| Ho$db Kaoby àI§S> em{_b h¢ Š`m|{H$ ~¢H$ H$s H$moB© {dXoer emIm Zht h¡.
àI§S> [anmo{Qª>J na ZmoQ>:
1. boIm _mZH$m| Ho$ AZwnmbZ na Ama~rAmB© Ho$ {Xem{ZX}em| Ho$ AZwgma, ~¢H$ Zo AmB©grEAmB© Ûmam Omar àI§S> [anmo{Qª>J na EEg-17 Ho$ AZwnmbZ Ho$ CÔoí` go Kaoby àI§S> Ho$ VhV àmW{_H$ àIÊS>m| Ho$ ê$n _| Q´>oOar n[aMmbZ, WmoH$, IwXam Am¡a AÝ` ~¢qH$J n[aMmbZ H$mo AnZm`m h¡&
2. àI§S> Xo`VmAm| H$mo CZHo$ g§~§{YV àI§S> AmpñV AZwnmV _| {dV[aV {H$`m J`m.
3. dV©_mZ {V_mhr / Ad{Y H$s àñVw{V Ho$ AmYma na {nN>br Ad{Y / df© Ho$ Am§H$‹S>o H$mo {\$a go BH$Æ>m / nwZd©JuH¥$V {H$`m J`m h¡&
5.0 g§~§{YV nmQ>u àH$Q>rH$aU :
^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ gmW n{R>V maVr` gZXr boImH$ma g§ñWmZ Ûmam Omar boIm§H$Z _mZH$ 18-g§~§{YV nmQ>u àH$Q>Z Ho$ AZwnmbZ _| g§~§{YV nmQ>u boZXoZ go g§~§{YV {ddaU {ZåZdV² h¢ :
H$) g§~§{YV nmQ>u H$m Zm_ VWm g§~§Y
g§~§{YV nmQr© H m Zm_ Name of the Related Party
g§~§YRelationship
_w»` à~§YZ H m{_©H (Ho E_nr) Key Management Personnel (KMP)lr_Vr nr.dr.^maVr (01.02.2019 go) Smt. P. V. Bharathi (From 01.02.2019)
à~§Y {ZXoeH$ E§d _w»` H m`©nmbH$ A{YH$marManaging Director & Chief Executive Offi cer
lr O` Hw$_ma JJ© (31.01.2019 VH$)Shri Jai Kumar Garg (Till 31.01.2019)
à~§Y {ZXoeH$ E§d _w»` H m`©nmbH$ A{YH$marManaging Director & Chief Executive Offi cer
lr Jmonmb _wabr ^JV/ Shri Gopal Murli Bhagat H$m`©nmbH$ {ZXoeH /Executive Director lr {~énmj {_lm (26.12.2018 go) Shri Birupaksha Mishra (From 26.12.2018)
H$m`©nmbH$ {ZXoeHExecutive Director
H$mn© ~¢H$ {gŠ`w[a{QO /Corpbank Securities Limited AZwf§Jr /Subsidiary
183ANNUAL REPORT 2018-19
I) g§~§{YV nm{Q©`mo§ Ho gmW boZ-XoZ… b) Transactions with the related parties (` H$amo‹S> _|/` in crores)
boZ-XoZ H m ñdê nNature of transaction
Ho E_nr /KMP
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
àXÎm nm[al{_H$: /Remunerationlr_Vr nr.dr.^maVr / Smt. P. V. Bharathi 0.05 -
lr O` Hw$_ma JJ© /Shri Jai Kumar Garg 0.27 0.35
lr Jmonmb _wabr ^JV /Shri Gopal Murli Bhagat 0.28 0.26
lr {~énmj {_lm /Shri Birupaksha Mishra 0.08 -
The transactions with the subsidiary are not disclosed in view of para 9 of AS-18 “ Related Party Disclosure”, which exempts state controlled enterprises from making any disclosures pertaining to their transactions with other related parties,which are also state controlled.Transactions in the nature of banker-customer relationship including those with KMP and relatives of KMP have been disclosed in terms of Para 5 of AS-18.
6.0 LEASESThe Bank has entered into various operating lease for offi ces, guest house and residential premises for employees that are renewable on a periodical basis and cancelable at the bank’s option. Rental expenses for such operating leases included in fi nancial statements for the year 2018-19 are `287.70 crores (previous year `274.57 crores).
7.0 EARNINGS PER SHAREBasic and diluted earnings per share has been computed in accordance with Accounting Standard - 20 (Earnings Per Share):
Calculation of Basic EPS:
H«$.g§.Sl. No. {ddaU Particulars 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018i) B©p¹Qr eo`aYmaH$moo§ hoVw H$a nümV² CnbãY {Zdb bm^/(hm{Z) (` H$amo‹S _o§)
Net profi t/(loss) after tax available for equity shareholders (` in crore) (6,332.98) (4,053.94)ii) ^m[aV Am¡gV B©p¹Qr eo`amo§ H$s g§»`m (H$amo‹S _o§) Weighted average number of equity shares (in crore) 210.66 114.85
iii) à{V eo`a _yb AO©Z Basic Earnings per Share (`) (30.06) (35.30)iv) à{V eo`a Zm__mÌ _yë` Nominal Value per Share (`) 2.00 2.00
Diluted: Not applicable as there are no dilutive potential equity shares.
8.0 ACCOUNTING FOR TAXES ON INCOME
a) The bank has reckoned the Income Computation and Disclosure Standards (ICDS) as per Notifi cation by Central Board of Direct Taxes (CBDT) Dt. 29.09.2016, read with Circular of CBDT Dt 23.03.2017 in this regard which are applicable for the Assessment Year 2018-19 and subsequent Assessment Years.
AZwf§Jr Ho$ gmW boZXoZm| H$mo EEg-18 Ho$ AZwÀN>oX 9, Omo AÝ` g§~§{YV nmQ>u go CZHo$ boZ-XoZ g§~§Yr H$moB© ^r àH$Q>Z H$aZo go amÁ` {Z`§{ÌV CÚ_m| H$mo Ny>Q> XoVm h¡, Ho$ _ÔoZµOa àH$Q> Zht {H$`m J`m h¡, Omo amÁ` {Z`§{ÌV h¢&
Ho$E_nr Am¡a Ho$E_nr Ho$ [aíVoXmam| Ho$ ~rM _| ~¢H$a J«mhH$ boZXoZ ñdê$n H$s boZXoZm| H$mo EEg-18 Ho$ AZwÀN>oX 5 Ho$ AZwgma àH$Q> Zht {H$`m J`m h¡&
6.0 brO:
~¢H$ Zo H$m`m©b`m|, JoñQ> hmD$g Am¡a H$_©Mm[a`m| Ho$ {bE Amdmgr` n[aga hoVw {d{dY n[aMm{bV brO {H$`m {Ogo Amd{YH$ AmYma na ZdrH¥$V VWm ~¢H$ Ho$ {dH$ën _| {ZañV {H$`m Om gH$Vm h¡& df© 2018-19 Ho$ {dÎmr` {ddaUm| _| em{_b Eogo n[aMmbZ brO Ho$ {bE {H$am`m IM© `287.70 H$amo‹S> ({nN>bo df© `274.57 H$amo‹S>) h¡&
7.0 à{V eo`a AO©Z : _yb Am¡a VZwH¥$V à{V eo`a AO©Z H$m n[aH$bZ boIm§H$Z _mZH$-20 (AO©Z à{V eo`a) Ho$ AZwgma {H$`m J`m h¡&:
_yb B©nrEg H$s JUZm…:
VZwH¥$V… bmJy Zht Š`m| {H$ H$moB© VZyH¥$V g§^mì` B©{¹$Q>r eo`a Zht h¡&
8.0 Am` na H$am| Ho$ {bE boIm§H$ZH$) ~¢H$ Zo Bg g§~§Y _| gr~rS>rQ>r H$m n[anÌ {XZm§{H$V 23.03.2017
Ho$ gmW n{R>V H|$Ðr` àË`j H$a ~moS©> (gr~rS>rQ>r) H$s A{YgyMZm {XZm§{H$V 29.09.2016 Ho$ AZwgma Am` n[aH$bZ VWm àH$Q>Z _mZH$ (AmB©grS>rEg) H$s JUZm H$s h¡ Omo _yë`m§H$Z df© 2018-19 VWm ~mX Ho$ _yë`m§H$Z dfm] Ho$ {bE bmJy h¡&
184
b) The Bank has recognized deferred tax assets and liabilities as per Accounting Standard No. 22 issued by The Institute of Chartered Accountants of India (ICAI). The components are as under:
(` H$amo‹S> _|/` in crores)
I) ~¢H$ Zo AmñW{JV H$a AmpñV`m| Ed§ Xo`VmAm| H$mo maVr` gZXr boImH$ma g§ñWmZ (AmB©grEAmB©) Ûmam boIm _mZH$ g§. 22 Ho$ AZwgma {ZYm©[aV {H$`m h¡, {OgHo$ à_wI g§KQ>H$ ZrMo àñVwV h¢:
{ddaU / Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
AmñW{JV H$a AmpñV`m± Deferred Tax Assets on account ofNwÅr ZH$XrH$aU àmdYmZ Leave encashment Provision 89.78 86.75
{Z{YH ã`mO _r`mXr G$U Ed§ KmQ>m Funded Interest Term Loan 56.61 97.39
Ë`mJ Sacrifi ce 20.46 35.94
G$U hm{Z Loan Losses 3,914.38 2,431.18
pñWa AmpñV`mo§ na _yë`õmg Depreciation on Fixed Assets 48.36 17.02
H$a `mo½` Am` (hm{Z) Taxable Income / (Loss) 1,557.96 1,542.98
_mZH$ AmpñV àmdYmZ naOn Standard Assets Provision
258.67 10.30
Hw$b Total 5,946.22 4,221.56
AmñW{JV H$a Xo`VmE±§ Deferred Tax Liabilities on account ofn|eZ Ed§ J«¡MwQ>r-nyd© ^wJVmZ Pension & Gratuity - Pre-payment - 20.24
XrKm©d{Y {dÎm Am` Long Term Finance Income 499.96 495.16
EAmagr hoVw AmpñV`mo§ H$s {~H«$s na hm{Z Loss on Sale of Assets to ARC - -
Hw$b Total 499.96 515.40
{Zdb AmñW{JV H a (Xo`Vm)/AmpñV Net Deferred tax (Liabilities)/ Assets
5,446.26 3,706.16
Note: The DTA on Taxable Income (Loss) & DTL on Income from Long Term Finance created during the year FY 2018-19 was only on account of increase of tax rate (including cess and surcharge) from 34.608% to 34.944%. The DTA was not created on the tax loss incurred during the FY 2018-19.
c) The Bank has been recognising deferred tax assets and liabilities as per Accounting Standard 22 issued by the Institute of Chartered Accountants of India (ICAI), however during the current year deferred tax assets on timing differences other than tax losses to the tune of `1740.09 crore has been recognised. Considering the quantum of loss and prudence the current year deferred tax of 1240.13 crore on tax loss has not been recognised. The bank carries deferred tax asset of `1557.96 crore on tax losses upto March 31, 2018.
d) Income Tax i) Break-up of provision made for Income Tax during
the year : (` H$amo‹S> _|/` in crores)
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
gm_mÝ` H$a Normal Tax - -
Ý`yZV_ d¡H$pënH$ H$a (E_EQ>r) Minimum Alternate Tax (MAT) - -
AmñW{JV H$a Xo`Vm/(AmpñV`m±) Deferred Tax Liability/(Assets) (1,740.09) (2,610.17)
~¢H$ Zo Am` {Z`_ Ho$ VhV CnbãY ` eyÝ` H$amo‹S> ({nN>bo df© eyÝ` H$amo‹S>) H$m E_EQ>r F$U CnbãY {H$`m h¡&The Bank has availed MAT Credit of ` NIL crores (Previous year ` NIL crores) as available under Income Tax Laws.
ZmoQ>: {dÎm df© 2018-19 Ho$ Xm¡amZ ~ZmE JE XrK©H$m{bH$ {dÎm go Am` na H$a `mo½` Am` (hm{Z) Am¡a S>rQ>rEb na S>rQ>rE Ho$db 34.608% go 34.944% VH$ H$a H$s Xa (CnH$a Am¡a A{Y^ma g{hV) _| d¥{Õ Ho$ H$maU Wm & {dÎm df© 2018-19 Ho$ Xm¡amZ H$a ZwH$gmZ na S>rQ>rE Zht ~Zm`m J`m Wm.
J) ~¢H$ ^maVr` gZXr boImH$ma g§ñWmZ (AmB©grEAmB©) Ûmam Omar {H$E JE boIm§H$Z _mZH$ 22 Ho$ AZwgma ~¢H$ AmñW{JV H$a AmpñV`m| Am¡a Xo`VmAm| H$mo ñdrH¥$V {H$`m h¡, hmbm§{H$ H$a KmQ>o Ho$ Abmdm g§_`m§Vab na `1740.09 H$amo‹S> H$s AmñW{JV H$a AmpñV`m| H$m AmH$bZ {H$`m J`m h¡ & ZwH$gmZ H$s _mÌm na {dMa H$aVo hþE Am¡a H$a hm{Z na ` 1240.13 H$amo‹S> én`o Ho$ _m¡OyXm df© Ho$ AmñW{JV H$a H$mo AmH${bV Zht H$s JB© h¡& ~¢H$ 31 _mM©, 2018 VH$ H$a ZwH$gmZ na ` 1557.96 H$amo‹S> én`o H$s AmñW{JV H$a AmpñV H$m dhZ {H$`m h¡ &
K) Am`H$a i) df© Ho$ Xm¡amZ Am` H$a hoVw {H$E JE àmdYmZm| H$m {dûcofU…
185ANNUAL REPORT 2018-19
ii) Assessments for Income Tax have been completed up to the fi nancial year 2015-16 (AY 2016-17).
The following appeals by the Bank/Income Tax Department are pending before various appellate authorities/courts :
Am` H$a Income Tax godm H$a Service Tax ì`dgm` H$a Professional Tax
{ZYm©aU df© 1998-99, 2004-05, 2007-08 go 2016-17 Assessment Year 1998-99, 2004-05 & 2007-08 to
2016-17
{dÎm df© 2006-07 go OyZ 2017 VH Financial Year 2006-07 to June 2017 2009-10 go 2013-14 VH
iii) Advance Taxes paid, Taxes Paid under Disputes, Input Tax Credit availed and TDS deducted on Income to the Bank are appearing under “Other Assets--Tax Paid in Advance / Tax Deducted at Source”. With regard to the Taxes paid under dispute the Bank has fi led appeals before Appellate Authorities and no additional provision is considered necessary in view of favourable judicial pronouncements in similar cases.
9.0 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
a) Provisions: (` H$amo‹S> _|/` in crores)
ii) {dÎm df© 2015-16 ({d. d. 2016-17) VH$ Am`H$a hoVw {ZYm©aU nyam {H$`m J`m h¡&
Anrb àm{YH$mar/ Ý`m`mb` Ho$ g_j ~¢H$/ Am`H$a {d^mJ Ûmam Xm`a {ZåZ{bpIV Anrb {d{^Þ ñVam| na eof h¡…
iii) àXÎm A{J«_ H$a, {ddmXm| Ho$ VhV àXÎm H$a, CnbãY grB©EZdrEQ>r F$U Am¡a Am` na Q>rS>rEg H$s H$Q>m¡Vr H$mo ""AÝ` AmpñV`m§-A{J«_ _| àXÎm H$a/òmoV na H$a H$Q>m¡Vr'' Ho$ VhV em{_b {H$`m J`m h¡& {ddmXm| Ho$ VhV àXÎm H$a Ho$ g§~§Y _| ~¢H$ Zo Anrb H$s h¡ Am¡a Bgr àH$ma Ho$ _m_bm| _| AZwHy$b \¡$gbm| H$mo XoIVo hþE H$moB© A{V[aº$ àmdYmZ µOê$ar Zht g_Pm J`m h¡&
9.0 àmdYmZ, AmH$pñ_H$ Xo`VmE§ Am¡a AmH$pñ_H$ AmpñV`m±
H$) àmdYmZ…
H«$.g§.Sl. No.
àmdYmZ H$s àH¥${VNature of Provision
`Wm àma§{^H$ eof
01.04.2018 H$mo
Opening Balance as on 01.04.2018
df© Ho Xm¡amZ {H$E JE A{V[aº
àmdYmZAdditional Provision
made during the year
df© Ho Xm¡amZ à`moJ {H$E JE
àmdYmZProvision used
during the year
df© Ho Xm¡amZ àË`md{V©V àmdYmZ
Provision Reversed
during the year
`Wm A§{V_ eof31.03.2019 H$mo
Closing Balance as on 31.03.2019
i) EZnrE Ho$ g§~§Y _| {H$E JE àmdYmZProvision made towards NPAs
7,929.68 12,002.72 5,989.44 417.58 13,525.38 (5,188.34) (11,111.90) (8,228.37) (142.19) (7,929.68)
ii) {Zdoe na _yë`õmg hoVw àmdYmZ (EZnrE àmdYmZ g{hV)Provision for Depreciation on Investment (Including NPI provision)
1,139.02 340.20 - 243.25 1,235.97 (443.67) (821.26) - (125.91) (1,139.02)
iii) Am` H$a/g§n{Îm H a hoVw àmdYmZProvision made towards Income Tax / Wealth Tax
153.90 - - 7.30 146.60 (484.67) - (288.13) (42.64) (153.90)
iv) g^r AÝ` * All others * 1,020.66 189.80 - 171.96 1,038.50 (2,192.18) (4.83) - (1,176.35) (1,020.66)
* includes provision for claims against the Bank not acknowledged as debt, provision towards fraudulent transactions and other miscellaneous transactions.
Figures in brackets represent previous year fi gures.
* Bg_| H$O© Ho$ ê$n _| ñdrH$ma Z {H$`o J`o ~¢H$ Ho$ {déÕ Xmdm| hoVw àmdYmZ, H$nQ>nyU© boZ-XoZm| hoVw àmdYmZ VWm AÝ` {d{dY boZXoZ em{_b h¢&
H$moð>H$ Ho$ Am§H$So> JV df© Ho$ h¢&
186
9. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
a) Provisions:(Rs.in crores)
Figures in brackets repre-sent Previous Year fi gures.
b) Contingent Liability:i) Claims against the Bank not acknowledged as debts:
(Rs.in crores)
Particulars No. of Claims Gross Claims Net ClaimsTotal Claims outstanding as on 01.04.2018Less: Claims deleted/revised during the year Add : New Claims added during the yearTotal Claims outstanding as on 31.03.2019
Subject wise classifi -cation of the claims outstanding as on 31st March, 2019:
(Rs.in crores)Particulars No. of Claims Gross Claim Net Claim
Bank Guarantees 2 0.16 0.01 Cheques/DD/PO etc., collection 9 0.78 0.23 Credit Portfolio 15 1.15 0.82 Deposits Portfolio 2 0.32 - Vigilance /Fradulant 23 6.51 1.71 Miscellaneous [Including claims on account of Income Tax Demands]# 51 3,231.35 3,230.69
Total* 102 3,240.27 3,233.46 * Excluding interest on claims, wherever applicable, since inception.#
b) Contingent Liability:
i) Claims against the Bank not acknowledged as debts:(` H$amo‹S> _|/` in crores)
{ddaU ParticularsXmdmo§ H$s g§.
No. of claims
gH$b XmdoGross Claims
{Zdb XmdoNet Claims
01.04.2018 H$moo ~H$m`m Hw b Xmdo Total Claims outstanding as on 01.04.2018 100 2,317.92 2,311.11
KQmE§: df© Ho$ Xm¡amZ KQmE§/g§emo{YV Xmdo Less: Claims deleted/revised during the year 16 1,058.48 1,058.48
Omo‹So§: df© Ho Xm¡amZ Omo‹So ZE Xmdo Add : New Claims added during the year 18 1,980.83 1,980.83
31.03.2019 H$mo ~H$m`m Hw b Xmdo Total Claims outstanding as on 31.03.2019
102 3,240.27 3,233.46
31 _mM©, 2019 H$mo ~H$m`m Xmdmo§ H$m {df`dma dJr©H$aU… Subject wise classifi cation of the claims outstanding as on 31st March, 2019:
(` H$amo‹S> _|/` in crores)
{ddaU ParticularsXmdmo§ H$s g§
No. of ClaimsgH$b Xmdo
Gross Claim{Zdb Xmdo
Net Claims
~¢H$ Jma§Qr Bank Guarantees 2 0.16 0.01
MoH$/_m±J S—mâQ/^wJVmZ AmXoe Am{X H$s CJmhr Cheques/DD/PO etc., collection 9 0.78 0.23
G$U g§{d^mJ Credit Portfolio 15 1.15 0.82
O_m g§{d^mJ Deposits Portfolio 2 0.32 -
gVH©$Vm/H$nQ> Vigilance /Fradulant 23 6.51 1.71
{d{dY [Am` H$a d ã`mO H$a _m±Jmo§ go g§~§{YV Xmdmo§ g{hV] #Miscellaneous [Including claims on account of Income Tax Demands]#
51 3,231.35 3,230.69
`moJ* Total* 102 3,240.27 3,233.46
* Excluding interest on claims, wherever applicable, since inception.
# Contingent liabilities include tax and interest of `3210.93 crores (Previous Year `2,290.59 crores)
I) AmH$pñ_H$ Xo`Vm…
i) H$O© Ho$ ê$n _| ñdrH$ma Z {H$`o J`o ~¢H$ Ho$ {déÕ Xmdo…
J. A{V[aº àH$QZ C. ADDITIONAL DISCLOSURES
1. àmdYmZ Am¡a AmH$pñ_H$VmE§ 1. PROVISIONS AND CONTINGENCIES (` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No. {ddaU Particulars 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018i. {Zdoe na _yë`õmg hoVw àmdYmZ Provision for Depreciation on Investments 340.20 820.66
ii. EZnrE ({Zdb) Ho à{V àmdYmZ Provision towards NPAs (net) 11,585.14 10,982.14 iii. _mZH$ AmpñV Ho à{V àmdYmZ Provision towards Standard Assets 180.53 (815.65)iv. Am`H$a Am¡a g§n{Îm H$a hoVw àmdYmZ Provision for Income Tax and Wealth tax (1,715.70) (2,626.92)v. ã`mO ny±OrH$aU hoVw àmdYmZ Provision for Interest Capitalisation (119.42) (301.23)
vi. AÝ` àmdYmZ Ed§ AmH$pñ_H$VmE§ Other Provisions & Contingencies (43.29) (54.64)
`moJ TOTAL 10,227.46 8,004.36
* ewéAmV go boH$a Ohm± bmJy hmo Xmdm| na ã`mO H$mo N>mo‹S>H$a # AmH$pñ_H$ Xo`VmAm| _| `3210.93 H$amo‹S> H$m H$a VWm ã`mO em{_b h¡ (JV df© `2290.59 H$amo‹S>)
a) In terms of RBI communication DBR No. BP.8756/21.04.048/2017-18 dated 2nd April, 2018, `1011.99 crores has been additionally provided in respect
H) RBI g§gyMZm DBR No. BP.8756/21.04.048/2017-18 {XZm§{H V 2 Aà¡b, 2018 Ho AZwgma, 31 _mM©, 2019 VH Ho nmÌ EZgrEbQr (gyMr 1 Am¡a gyMr 2) ImVmo§ Ho g§~§Y _o§ `1,011.99
187ANNUAL REPORT 2018-19
of eligible NCLT (List 1 & List 2) accounts as on 31st March 2019. Total actual provision made as on 31st March 2019 for the eligible NCLT (List 1 & List 2) accounts is `9079.56 crores, which represents 100% of provision of the outstanding value as on March 31, 2019, instead of `8067.57 crores as per IRAC norms.
b) With regard to the other 22 NCLT accounts an amount of `610.40 crores further provided as on 31st March, 2019. Total actual provision made as on 31st March 2019 is `1547.69 crores instead of `937.29 crores.
c) In respect of 29 accounts under NPA category, in view of uncertainty of recovery, total provision made as on March 31, 2019 is `2767.22 crores instead of `1486.67 crores as per IRAC Norms.
d) The Bank has classifi ed 4 borrowal accounts whose outstanding as on March 31, 2019 is `627.63 crores, from standard to NPA category and accordingly made a provision of `123.70 crores as per prudential norms.
H$amo‹S A{V{aº ê$n go àXmZ {H E JE h¢& nmÌ EZgrEbQr (gyMr 1 Am¡a gyMr 2) ImVmo§ Ho {bE 31 _mM© 2019 VH {H$E JE Hw$b dmñV{dH àmdYmZ, `9079.56 H$amo‹S h¡, Omo AmB©AmaEgr _mZX§Smo§ Ho AZwgma `8067.57 H$amo‹S Ho ~Xbo _o§ 31 _mM©, 2019 H$mo ~H$m`m _yë` Ho àmdYmZ H m 100% h¡&
I) 31 _mM©, 2019 H$moo 22 AÝ` EZgrEbQr ImVmo§ H mo `610.40 H amo‹S nwZ… àXmZ {H$E JE& 31 _mM©, 2019 H$moo {H$`m J`m Hw$b dmñV{dH àmdYmZ `937.29 H$amo‹S Ho ~Om` `1547.69 H$amo‹S h¡&
J) dgybr H$s A{Z{üVVm Ho _ÔoZOa 29 EZnrE ImVmo§ Ho g§~§Y _o§, 31 _mM©, 2019 H$mo {H$E JE Hw$b àmdYmZ, AmB©AmaEgr _mZXÊSmo§ Ho AZwgma `1486.67 H$amo‹S én`o Ho ~Om` `2767.22 H$amo‹S h¡&
K) ~¢H$ Zo 4 CYma ImVmo§ H$mo _mZH$ loUr go EZnrE loUr _o§ dJr©H¥$V {H$`m h¡, {OZH$m 31 _mM©, 2019 VH$ ~H$m`m `627.63 H$amo‹S h¡ Am¡a VXZwgma {ddoH$nyU© _mZX§Smo§ Ho AZwgma `123.70 H$amo‹S H$m àmdYmZ {H$`m J`m h¡&
2. ApñWa àmdYmZ 2. FLOATING PROVISIONS (` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No. ApñWa àmdYmZ Floating Provision 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018
i. àma§{^H$ eofOpening balance eyÝ` Nil eyÝ` Nil
ii. df© Ho Xm¡amZ n[adY©ZAdditional made during the year eyÝ` Nil eyÝ` Nil
iii. boIm df© Ho Xm¡amZ {H$E JE AmhaU H$m CÔoí` Am¡a am{ePurpose and amount of draw down made during the year eyÝ` Nil eyÝ` Nil
iv. A§{V_ eofClosing balance eyÝ` Nil eyÝ` Nil
3. Draw Down from Reserves : During the year 2018-19 was NIL (previously `106.82 crores) from Investment Reserve Account as per RBI guidelines
4. {eH$m`Vo§/~¢qH$J bmoH$nmb Ho H$m`m©pÝdV Z {H$E JE A{Y{ZU©` 4. Complaints / unimplemented awards of Banking Ombudsman
H$. JŒmhH$ {eH$m`Vo§ A. Investor Complaints
H«$.g§.Sl. No. {ddaU Particulars 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018
(H$)(a) df© Ho Ama§^ _o§ b§{~V {eH$m`Vmo§ H$s g§»`m No. of complaints pending at the beginning of the year
eyÝ` Nil eyÝ` Nil
(I)(b) df© Ho Xm¡amZ àmßV {eH$m`Vmo§ H$s g§»`m No. of complaints received during the year 716 482
(J)(c) df© Ho Xm¡amZ {ZnQmB© JB© {eH$m`Vmo§ H$s g§»`m No. of complaints redressed during the year
716 482
(K)(d) df© Ho A§V _o§ b§{~V {eH$m`Vmo§ H$s g§»`m No. of complaints pending at the end of the year
eyÝ` Nil eyÝ` Nil
3. Ama{jV {Z{Y`m| go Amh[aV: df© 2018-19 Ho$ Xm¡amZ Ama~rAmB© {Xem{ZX}em| Ho$ AZwgma {Zdoe Ama{jV ImVm| go AmhaU eyÝ` (nhbo `106.82 H$amo‹S> Wm h¡&
188
I. ~¢qH$J bmoH$nmb Ûmam nm[aV A{Y{ZU©` B. Awards passed by the Banking Ombudsman
H«$.g§.Sl. No. {ddaU Particulars 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018
(H$)(a) df© Ho Ama§^ _o§ J¡a-H$m`m©pÝdV A{Y{ZU©`mo§ H$s g§. No. of unimplemented Awards at the beginning of the year eyÝ` Nil eyÝ` Nil
(I)(b) df© Ho Xm¡amZ ~¢qH$J bmoH$nmb Ûmam nm[aV A{Y{ZU©`mo§ H$s g§. No. of Awards passed by the Banking Ombudsmen during the year
4 eyÝ` Nil
(J)(c) df© Ho Xm¡amZ H$m`m©pÝdV A{Y{ZU©`mo§ H$s g§. No. of Awards implemented during the year
4 eyÝ` Nil
(K)(d) df© Ho A§V _o§ J¡a-H$m`m©pÝdV A{Y{ZU©`mo§ H$s g§. No. of unimplemented Awards at the end of the year eyÝ` Nil eyÝ` Nil
J. 2018-19 Ho Xm¡amZ AÝ` ~¢H$ Ho$ EQ>rE_ g{hV H$s J«mhH$ {eH$m`V| C. Customer complaints including that of other Bank's ATM during the year 2018-19
HŒ . g§.Sl. No.
{ddaU Particulars
~¢H$ Ho$ H$mS>© YmaH$m| Ho$àmßV {eH$m`Vo§
Complaints received from Bank's Card holders
BZ_o§ go BVao ~¢H$ Ho$ EQrE_m| H$m Cn`moJ H$aVo g_` h_mao YmaH$moo§ go àmßV {eH$m`Vo§
Out of which complaints received from Bank’s Card holders while using other
Bank’s ATM
(H$)(a) df© Ho Ama§^ _o§ b§{~V {eH$m`Vmo§ H$s g§»`mNo. of complaints pending at the beginning of the year
695(414)
674(409)
(I)(b) df© Ho Xm¡amZ àmßV {eH$m`Vmo§ H$s g§»`mNo. of complaints received during the year
82172(75314)
70595(72127)
(J)(c) df© Ho Xm¡amZ {ZnQmB© JB© {eH$m`Vmo§ H$s g§»`mNo. of complaints redressed during the year
81312(75033)
70010(71862)
(K)(d) df© Ho A§V _o§ b§{~V {eH$m`Vmo§ H$s g§»`mNo. of complaints pending at the end of the year
1555(695)
1259(674)
Figures in Brackets represents Previous year Figures
5a. Letter of Comforts (LOC) including Buyer’s Credit:
The Bank issues Letters of Comfort (LOCs) on behalf of its various constituents against the credit limits sanctioned to them. In the opinion of the Management, no signifi cant fi nancial impact and cumulative fi nancial obligations have been assessed under LOCs issued by the Bank in the past, during the year and still outstanding. Brief details of LOCs by the Bank are as follows:
{dJV df© Ho Am§H$‹Smo§ H$mo H$moîRH$ _o§ Xem©`m J`m h¡
5H$. HŒo Vm H$s gmI na CYma g{hV MwH m¡Vr AmœmgZ nÌ (EbAmogr) :
~¢H$ AnZo {d{^Þ JŒmhH$mo§ H$mo _§Oya G$U gr_mAmo§ Ho à{V CZH$s Amoa go MwH$m¡Vr AmœmgZ nÌ (EbAmogr) Omar H$aVm h¡& à~§YZ-dJ© H$s am` _o§ ~¢H$ Ûmam {dJV _o§, Mmby df© Ho Xm¡amZ Omar EbAmogr Ho A§VJ©V H$moB© _hËdnyU© {dÎmr` à^md Am¡a g§M`r {dÎmr` Xm{`Ëd H$m AH$bZ Zht hwAm h¡ Am¡a A~ ^r ~H$m`m Zht h¡& ~¢H$ Ûmam Omar MwH$m¡Vr AmœmgZ nÌ Ho g§{jßV ã`m¡ao {ZåZmZwgma h¡…
189ANNUAL REPORT 2018-19
(` H$amo‹S> _|/` in crores)
H«$.g§.Sl. No. {ddaU Particulars 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 2018
(H$)(a)
1 Aà¡b H$mo MwH$m¡Vr AmœmgZ nÌ (EbAmogr) _o§ àma§{^H$ eofOpening balance in Letter of Comfort as at 1st April
2,460.18 3,121.87
(I)(b)
df© Ho Xm¡amZ Omar {H$`m J`m Issued during the year
- 6,383.04
(J)(c) df© Ho Xm¡amZ ^wJVmZ / ~§X {H$`m Payment/ Closed during the year 2,460.18 7,044.73
(K)(d)
31 _mM© H$mo A§{V_ eof Closing balance 31st March
- 2,460.18
b. Bank has not entered into any credit default swap during the year.
6. Provisioning coverage ratio of the Bank as on March 31, 2019 is 83.30 % as against 63.65% as on March 31, 2018.
7. During the year, the Bank has received fee/remuneration of `10.00 crores from Bank assurance business (Previous year `13.43 crores).
HŒ . g§.Sl. No. Am` H$s àH¥${V/H$_reZ/~«moH$aoO Nature of Income/Commission/Brokerage 31 ‘mM©, 2019 VH$
As on March 31, 201931 ‘mM©, 2018 VH$
As on March 31, 2018
1 OrdZ ~r_m H$mamo~ma Life Insurance Business 5.36 7.94
2 gm_mÝ` ~r_m H$mamo~ma General Insurance Business 2.94 3.45
3 _o{S>Šbo_ - hoëW Mediclaim - Health 1.55 1.82
4 å`wMb \§$S> Mutual Fund 0.15 0.22
Hw$b Total 10.00 13.43
gå_mZ _| àmá/àmá n[al{_H$/ewëH$ H$m {ddaU Details of fees/remuneration received/ accrued in respect
HŒ . g§.Sl. No. Am` H$s àH¥${V/H$_reZ/~«moH$aoO Nature of Income/Commission/Brokerage 31 ‘mM©, 2019 VH$
As on March 31, 201931 ‘mM©, 2018 VH$
As on March 31, 20181 Q>¡Šg g§J«hU Tax Collections 3.34 3.90
2 B©-ñQ>¡_qnJ, n¢eZ, EnrdmB°, AÝ` E-stamping, Pension, APY, others 4.19 4.587.53 8.48
I. df© Ho Xm¡amZ ~¢H$ Zo {H$gr ^r HŒo {SQ {S\ m°ëQ ñd¡n _o§ àdoe Zht {H$`m h¡ &
6. 31 _mM© 2018 Ho 63.65% Ho _wH$m~bo 31 _mM© 2019 H$mo ~¢H$ H$m àmdYmZ H$daoO AZwnmV 83.30% h¢&
7. df© Ho Xm¡amZ ~¢H$ H$mo ~¢H$mí`moaoÝg H$mamo~ma go `10.00 H$amo‹S (JV df© `13.43 H$amo‹S) ewëH$/à{Vbm^ àmßV hwAm h¡&
8. CONCENTRATION OF DEPOSITS, ADVANCES, EXPOSURES AND NPAs
a. Concentration of Deposits:
(` H$amo‹S> _| ` in crores)
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
~rg g~go ~‹So O_mH$Vm©Amo§ H$s Hw b O_mam{e`m± Total deposits of twenty largest depositors 24,811.15 33,091.41
~¢H$ H$s Hw b O_mam{e`mo§ _o§ ~rg ~‹So O_mH$Vm©Amo§ H$s O_mam{e`mo§ H$m à{VeVPercentage of Deposits of twenty largest depositors to Total Deposits
13.44% 18.05%
Hw$b O_mam{e Total Deposits 184,567.84 183,315.95
8. O_mam{e`mo§, A{JŒ_mo§, EŠgnmoµOa Am¡a EZnrE H$m g§Ho ÐrH$aU
H$. O_mam{e`mo§ H$m g§Ho ÐrH$aU…
190
I. A{JŒ_mo§ H$m gH|$ÐrH$aU… b. Concentration of Advances: (` H$amo‹S> _| ` in crores)
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
~rg g~go ~‹So CYmaH$Vm©Amo§ Ho Hw b A{JŒ_ Total Advances to twenty largest Borrowers 38,264.33 37,326.07
~¢H$ Ho Hw b A{JŒ_mo§ _o§ ~rg g~go ~‹So CYmaH$Vm©Amo§ Ho A{JŒ_mo§ H$m à{VeV*Percentage of Advances of twenty largest borrowers to Total Advances*
22.24% 22.25%
* nr S>ãë`yAmo go nhbo Hw$b A{J«_m| H$mo Hw$b A{J«_m| Ho$ EH$ KQ>H$ Ho$ ê$n _| {b`m J`m h¡& Gross Advances before PWO is taken as one of the component of total advances.
J. EŠgnmoµOa H$m gH|$ÐrH$aU… c. Concentration of Exposures: (` H$amo‹S> _| ` in crores)
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
~rg g~go ~‹So CYmaH$Vm©Amo§/JŒmhH$moo§ H$moo Hw b EŠgnmoµOa*Total exposure to twenty largest borrowers /customers*
38,774.95 38,013.00
~¢H$ Ho CYmaH$Vm©Amo§/JŒmhH$moo§ Ho Hw b EŠgnmoµOa _o§ A{JŒ_mo§ _o§ ~rg g~go ~‹So CYmaH$Vm©Amo§/JŒmhH$moo§ Ho EŠgnmoµOa H$m à{VeV**Percentage of Exposure of twenty largest borrowers to Total Exposure on borrowers/customers**
20.12% 20.18%
* Excluding Non-committal Line of Credit
** Gross Advances before PWO is taken as one of the component of total advances.
K. EZnrE H m g§Ho ÐrH aU… d. Concentration of NPAs:
(` H$amo‹S> _| ` in crores)
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
Mma ~‹So J¡.{Z.AmpñV ImVmo§ _o§ {Z{hV am{e Total Exposure to top four NPA Accounts 3,256.84 3,112.92
9. joÌ-dma J¡a-{ZînmXH$ AmpñV`m± 9. Sector-wise advances (` H$amo‹S> _| ` in crores)
HŒ . g§.Sl. No.
joÌSector
31 _mM©, 201931st March, 2019
31 _mM©, 201831st March, 2018
Hw$b A{JŒ_ ~H$m`m
Outstanding Total
Advances
gH$b EZnrEGross NPAs
Hw$b A{J«_ _| gH$b EZnrE
H$m % % of Gross
NPAs to total Advances
Hw$b A{JŒ_ ~H$m`m
Outstanding Total
Advances
gH$b EZnrEGross NPAs
Hw$b A{J«_ _| gH$b EZnrE
H$m% % of Gross
NPAs to Total Advances
HA
àmW{_H$Vm àmßV joÌPriority Sector
1 H¥${f VWm g§~Õ {HŒ `mH$bmnAgriculture and allied activities
21,939.66 2,772.82 12.64 22,807.32 2,063.39 9.05
* J¡a-à{V~ÕVm dmbo G$Umo§ H mo Nmo‹SH$a** nrSãë`yAmo go nhbo Hw b A{JŒ_m| H mo Hw b A{JŒ_m| Ho EH$ KQH$ Ho ê n _o§
{b`m J`m h¡&
191ANNUAL REPORT 2018-19
HŒ . g§.Sl. No.
joÌSector
31 _mM©, 201931st March, 2019
31 _mM©, 201831st March, 2018
Hw$b A{JŒ_ ~H$m`m
Outstanding Total
Advances
gH$b EZnrEGross NPAs
Hw$b A{J«_ _| gH$b EZnrE
H$m % % of Gross
NPAs to total Advances
Hw$b A{JŒ_ ~H$m`m
Outstanding Total
Advances
gH$b EZnrEGross NPAs
Hw$b A{J«_ _| gH$b EZnrE
H$m% % of Gross
NPAs to Total Advances
2 àmW{_H$Vm àmßV joÌ CYma Ho ê$n _o§ nmÌ CÚ_mo§ H$moo A{JŒ_Advances to industries sector eligible as priority sector lending
10,043.51 3,727.37 37.11 11,613.74 2,916.07 25.11
3 godm Services 14,847.65 2,556.57 17.22 16,440.35 2,259.91 13.75
4 d¡`{º H$ G$U Personal loans 10,497.00 660.77 6.29 9,635.31 598.33 6.21
Cn-`moJ (H$) Sub-total (A) 57,327.82 9,717.53 16.95 60,496.72 7,837.70 12.96
IB
J¡a-àmW{_H$Vm àmßVNon-Priority Sector
1 H¥ {f VWm g§~Õ {H«$`mH$bmnAgriculture and allied activities
- - - - - 0.00
2 CÚ_ Industry 49,192.81 25,427.63 51.69 68,323.12 29,139.64 42.65
H$. a. {dÚwV Power 11,497.04 3,382.04 29.42 10,099.71 3,053.82 30.24
I. b. AÝ`/Others 37,695.77 22,045.59 58.48 58,223.41 26,085.82 44.80
3 godm Services 17,024.68 1,728.77 10.15 6,456.77 934.98 14.48
4 d¡`{º H$ G$U Personal loans 32,237.60 4,584.41 14.22 8,950.84 523.32 5.85
Cn-`moJ (I) Sub-total (B) 98,455.09 31,740.81 32.24 83,730.73 30,597.93 21.81
Hw b (H$+I) Total (A+B) 155,782.91 41,458.34 26.61 144,227.45 38,435.63 26.65
* ~¢H Cn`w©º àmên _o§ , CZ Cn joÌmo§ H m ^r àH QZ H aZm h¡ {OgH m ~H m`m A{JŒ_ Cg joÌ Ho ~H m`m Hw b A{JŒ_mo§ H m 10 à{VeV go A{YH h¡& CXmhaU Ho {bE, `{X IZZ CÚmoJ Ho {bE ~¢H H m ~H m`m A{JŒ_ CÚmoJ Ho joÌ _o§ ~H m`m Hw b A{JŒ_mo§ H m 10 à{VeV go A{YH h¡, Vmo Cgo Cnamoº àmên _o§ "CÚmoJ' joÌ Ho A§VJ©V AbJ ên go IZZ Ho A{JŒ_ ~H m`o H m {ddaU XoZm h¡&
*Banks may also disclose in the format above, sub sectors where the outstanding advances exceeds 10 percent of the outstanding total advances to that sector. For instance, if a bank’s outstanding advances to the mining industry exceed 10 percent of the outstanding total advances to ‘Industry’ sector it should disclose details of its outstanding advances to mining separately in the format above under the ‘Industry’ sector.
192
10. J¡a-{ZînmXH$ AmpñV`mo§ _o§ CVma-M‹Tmd 10. Movement of NPAs (` H$amo‹S> _|/` in crores)
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
1 Aà¡b 2018 H mo gH$b EZnrEGross NPAs as on April 1, 2018
22,213.44 17,045.22
df© Ho Xm¡amZ n[adY©Z Additions during the year
6,282.60 14,576.86
Cn-`moJ (H$) Sub-Total [A] 28,496.04 31,622.08
KQmE§ Less :
[i] CÞ`Z Upgradations 947.04 482.84
[ii] dgybr (CÞ`Z {H$E JE ImVmo§ _o§ H$s JB© dgybr H$moo Nmo‹SH$a) Recoveries [excluding recoveries made from upgraded accounts]
835.88 697.43
[iii] VH$ZrH$s/{ddoH$nyU© ~Å>o ImVo Technical/Prudential Write-offs 5,732.53 8,216.51
[iv] Cnamoº (iii) _o§ AmZodmbmo§ H$mo Nmo‹SH$a ~Åm ImVo Smbo JE Write-offs other than those under (iii) above
256.91 11.86
Cn-`moJ [I] Sub-total [B] 7,772.36 9,408.64
31 _mM©, 2019 H$moo gH$b EZnrE B{Veof (H$ -I)Gross NPAs as on March 31, 2019 (A – B)
20,723.68 22,213.44
[1] Gross NPAs as per item 2 of Annex to DBOD Circular DBOD.BP.BC.No.46/21.04.048/2009-10 dated September 24, 2009 which specifi ed a uniform method to compute Gross Advances, Net Advances, Gross NPAs and Net NPAs.
[2] Technical or prudential write-off is the amount of non-performing loans which are outstanding in the books of the branches, but have been written-off (fully or partially) at Head Offi ce level. Amount of Technical write-off should be certifi ed by statutory auditors. (Defi ned in our circular reference DBOD.No.BP.BC.64/21.04.048/2009-10 dated December 1, 2009 on Provisioning Coverage for Advances)
Further, Banks should disclose the stock of technical write offs and the recoveries made thereon as per the format below:
(` H$amo‹S> _|/` in crores)
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
1 Aà¡b, 2018 H mo VH$ZrH$s/{ddoH$nyU© ~Åo ImVo H m àma§{^H$ eofOpening balance of Technical/ Prudential written-off accounts as at April 1, 2018
16,222.19 8,396.31
OmoSo: df© Ho Xm¡amZ VH$ZrH$s/{ddoH$nyU© ~Åo ImVo (~H$m`m eof _| `0.45 H$amo‹S> H$s d¥{Õ g{hV)Add: Technical/Prudential write-offs during the year (includes `0.45 crores increase in the outstanding balance of technical/prudential written off during the year)
5,732.53 8,216.52
nrSãë`yAmo Ho$ ê$n _| dJuH¥$V H$aZo Ho$ ~mX nrS>ãë`yAmo ImVm| _| ~H$m`m d¥{ÕIncrease in balance in PWO accounts after classifying as PWO
- -
Cn-`moJ (H$) Sub-total (A) 21,954.72 16,612.83
[1] DBOD n{anÌ DBOD.BP.BC. No.46 / 21.04.048 / 2009-10 {XZm§{H$V 24 {gV§~a, 2009 Ho AZw~§Y H$s _X g§»`m 2 Ho AZwgma gH b EZnrE, {Og_o§ gH$b A{JŒ_mo§, {Zdb A{JŒ_, gH$b EZnrE Am¡a {Zdb EZnrE H$s JUZm H aZo Ho {bE EH g_mZ àUmbr {Z{X©îQ h¡&
[2] VH ZrH$s `m {ddoH nyU© amBQ-Am°\ J¡a-{Zînm{XV G$U H$s am{e h¡ Omo emImAmo§ H$s ~{h`mo§ _o§ ~H m`m am{e h¢, bo{H Z àYmZ H m`m©b` ñVa na (nyar Vah m Am§{eH ên go) {Ogo amBQ-Am°\ {H m h¢& VH ZrH$s amBQ-Am°\ {H E JE ImVmo§ H mo gm§{d{YH boIm narjH mo§ Ûmam à_m{UV {H `m OmZm h¡& (h_mao n{anÌ g§X^© DBOD.No.BP.BC.64/21.04.048 / 2009-10 {XZm§{H V 1 {Xg§~a, 2009 H mo A{JŒ_mo§ Ho {bE àmdYmZ _o§ n{a^m{fV {H `m J`m h¡&)
BgHo Abmdm, ~¢H mo§ H mo ZrMo {bIo àmên Ho AZwgma VH ZrH$s amBQ Am°\ H$m ñQm°H Am¡a CgHo ~mX H$s JB© dgybr H m àH QZ H aZm h¡:
193ANNUAL REPORT 2018-19
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
KQmE§: df© Ho Xm¡amZ VH$ZrH$s/{ddoH$nyU© ~Åo ImVo go H$s JB© dgybr (I)Less: Recoveries made from previously technical/prudential written-off accounts during the year (B)
703.84 317.34
KQmE§: df© Ho Xm¡amZ nrS>ãë`yCmo ImVm| _| amBQ> Am°\$ {H$`m J`m ~H$m`mLess: Balance written off in PWO accounts during the year
516.22 73.30
`Wm 31 _mM©, 2019 H mo A§{V_ eof (H$-I) Closing balance as at March 31, 2019 (A–B) 20,734.66 16,222.19
11. {dXoer AmpñV`m±, J¡a-{ZînmXH$ AmpñV`m± Ed§ amOñd 11. Overseas Assets, NPAs and Revenue (` H$amo‹S> _|/` in crores)
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
Hw$b AmpñV`m± Total Assets - -
Hw$b J¡a-{ZînmXH$ AmpñV`m± Total NPAs - -
Hw$b amOñd Total Revenue - -
12. During the year 2018-19, 162 cases of fraud, involving `1951.10 crores, with outstanding balance of `1761.08 crores were reported to RBI. Total provision made against these cases is `1686.92 crores.
During the previous year 2017-18, 99 cases of fraud, involving `1296.23 crores, with outstanding balance of `1381.78 crores were reported to RBI. Total provision made against these cases is `1348.37 crores.
13. Off-Balance Sheet SPVs sponsored (which are required to be consolidated as per accounting norms)
àm`mo{OV Egnrdr H$m Zm_ Name of the SPV Sponsored
Xoer Domestic {dXoer OverseaseyÝ` NIL eyÝ` NIL
14. Securitisation as Originating Bank Information under Securitisation transaction of the Bank
as a Originating Bank is given below :
(` H$am‹oS> _|/g§. ` in crores/No.)
H«$. g§.Sl. No. {ddaU Particulars 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 20181 à{V^y{VH$aU boZ-XoZmo§ Ho {bE ~¢H$ Ûmam àm`mo{OV Egnrdr H$s g§»`m*
No. of SPVs sponsored by the bank for securitization transactions* - -
2 ~¢H$ Ûmam àm`mo{OV Egnrdr H$s ~{h`mo§ Ho AZwgma à{V^yV AmpñV`mo§ H$s Hw b AmpñVTotal amount of securitized assets as per books of the SPVs sponsored by the bank
- -
3 VwbZ-nÌ H$s VmarI H$moo E_AmaAma H$m AZwnmbZ H$aZo Ho {bE ~¢H$ Ûmam à{VYm[aV EŠgnmoµOa H$s Hw b am{e Total amount of exposures retained by the bank to comply with MRR as on the date of balance sheet H$) a) VwbZ-nÌ go BVa EŠgnmoµOa Off-balance sheet exposures
àW_ hm{Z First loss AÝ` Others - -
I) b) VwbZ-nÌ _| EŠgnmoµOa On-balance sheet exposures
àW_ hm{Z First loss AÝ` Others
12. df© 2018-19 Ho Xm¡amZ, H mo `1761.08 H amo‹S ~H m`m am{e Ho gmW `1951.10 H$s 162 H nQ Ho _m_bo ^m[a~¢ H$mo [anmoQ© H$s JB© &BZ _m_bmo§ hoVw Hw b `1686.92 H amo‹S H m Hw b àmdYmZ {H m J`m&
df© 2017-18 Ho Xm¡amZ, H mo `1381.78 H amo‹S ~H m`m am{e Ho gmW `1296.23 H$s 99 YmoImYSr _m_bmo§ H$s ^m[a~¢ H mo [anmoQ© H$s JB© & `1348.37 H amo‹S Ho BZ _m_bmo§ hoVw nyam àmdYmZ {H `m J`m&
13. àm`mo{OV BVa VwbZ-nÌ Egnrdr (boIm§H Z _mZX§Smo§ Ho AZwgma {OZH m g_oH Z {H `m OmZm h¡)
14. àdV©H ~¢H Ho ên _o§ à{V^y{VH aU…EH àdV©H ~¢H Ho ên _o§ ~¢H Ho à{V^yVrH aU boZXoZ Ho VhV gyMZm àñVwV H a aho h¢&
194
H«$. g§.Sl. No. {ddaU Particulars 31 ‘mM©, 2019
31st March, 201931 ‘mM©, 2018
31st March, 20184 E_AmaAma Ho Abmdm à{V^y{VH$aU boZ-XoZmo§ H$s EŠgnmoµOa am{e
Amount of exposures to securitization transactions other than MRR H$) a) VwbZ-nÌ go BVa EŠgnmoµOa Off-balance sheet exposures
i) ñd-AnZo hr à{V^y{VH$aU H$moo EŠgnmoµOa Exposure to own securitizations àW_ hm{Z First loss hm{Z Loss
ii) V¥Vr` nmQr© à{V^y{VH$aU H$moo EŠgnmoµOa Exposure to third party securitizations - -àW_ hm{Z First loss AÝ` Others
I) b) VwbZ-nÌ _| EŠgnmoµOa On-balance sheet exposures i) ñd-AnZo hr à{V^y{VH$aU H$moo EŠgnmoµOa Exposure to own securitizations àW_ hm{Z First loss AÝ` Others
ii) V¥Vr` nmQr© à{V^y{VH$aU H$moo EŠgnmoµOa Exposure to third party securitizations àW_ hm{Z First loss AÝ` Others
15. Intra-Group Exposures Exposure to the group entities is as under:
(` H$amo‹S> _|/` in crores)
H«$. g§.Sl. No.
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
i) A§V… g_yh EŠgnmo‹Oa H$s Hw b am{e Total amount of intra-group exposures - -
ii) erf© 20 A§V… g_yh EŠgnmo‹Oa H$s Hw b am{e Total amount of top 20 intra-group exposures
- -
iii) CYmaH$Vm©Amo§/JŒmhH$mo§ na ~¢H$ Ho Hw b EŠgnmo‹Oa _o§ A§V… g_yh EŠgnmo‹Oa H$m à{VeVPercentage of intra-group exposures to total exposure on borrowers/customers
- -
iv) A§V…-g_yh EŠgnmo‹Oa na gr_m Vmo‹SZo H$m {ddaU Am¡a Cg na H$s JB© {Z`m_H$ H$ma©dmB©, `{X H$moB© hmoDetails of breach of limits on intra-group exposures and regulatory action thereon, if any
- -
16. Transfers to Depositor Education and Awareness Fund (DEAF)
The Bank has transferred the below mentioned amount to DEAF.
(` H$amo‹S> _| ` in crores)
{ddaU Particulars 31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
SrB©EE\ H$moo A§V[aV am{e H$m àma§{^H$ eofOpening balance of amounts transferred to DEAF
99.67 92.49
OmoSo: df© Ho Xm¡amZ SrB©EE\ H$moo A§V[aV am{eAdd : Amounts transferred to DEAF during the year
17.25 9.45
KQmE§: Xmdmo§ Ho g§~§Y _o§ SrB©EE\ Ûmam à{Vny{V© H$s JB© am{eLess : Amounts reimbursed by DEAF towards claims
0.36 2.27
SrB©EE\ H$moo A§V[aV am{e H$m A§{V_ eofClosing balance of amounts transferred to DEAF
116.56 99.67
15. A§V… g_yh EŠgnmoOag_yh BH mB©`mo§ hoVw EŠgnmoOa {ZåZdV h¡:
16. O_mH$Vm© {ejm d OmJê$H$Vm {Z{Y _o§ A§VaU (SrB©EE\ )
~¢H$ Zo SrB©EE\ H$mo {ZåZdV am{e A§V[aV H$s h¡:
195ANNUAL REPORT 2018-19
17. Unhedged Foreign Currency Exposure The Bank has in place a policy on managing credit risk arising out of unhedged foreign currency exposures of its borrowers. The objective of this policy is to maximize the hedging on foreign currency exposures of borrowers by reviewing their foreign currency product portfolio and encouraging them to hedge the unhedged portion.
In line with the policy, assessment of unhedged foreign currency exposure is a part of assessment of borrowers and is undertaken while proposing limits or at the review stage. Additionally, at the time of sanctioning limits for all clients, the Bank stipulates a limit on the unhedged foreign currency exposure of the client (as a % of total foreign currency exposure sanctioned by the Bank). After considering factors such as internal rating of the borrower, size, possibility of natural hedging, relative size of unhedged foreign currency exposure with respect to total borrowings of the client, etc. Further, the Bank reviews the unhedged foreign currency exposure across its portfolio on a periodic basis. The Bank also maintains incremental provision towards the unhedged foreign currency exposures across of its borrowers in line with the extant RBI guidelines.
Further, the bank has maintained provision of `23.85 crores (Previous year `26.01 crores) and additional capital of `18.18 crores (Previous year `16.22 crores) on account of Unhedged Foreign Currency Exposure of its borrowers as at March 31, 2019.
17. Aa{jV {dXoer _wÐm EŠgnm‹oOa: ~¢H$ _o§ AnZo CYmaH$Vm©Amo§ Ho Aa{jV {dXoer _wÐm EŠgnmoOa go CËnÞ
hmoZodmbr Omo{I_ Ho à~§YZ na EH Zr{V h¡& Bg Zr{V H$m CÔoí` `h h¡ {H$ CYmaH Vm©Amo§ Ho {dXoer _wÐm CËnmX Ho nmoQ©\ mo{bAmo§ H$s g_rjm H$aVo hwE CZHo {dXoer _wÐm EŠgnmoOa H$mo A{YH$V_ a{jV H$aZm Am¡a CÝho§ Aa{jV ^mJ H$moo a{jV H aZo hoVw ào[aV H$aZm&
Zr{V Ho AZwgma, Aa{jV {dXoer _wÐm EŠgnmoOa H$m _yë`m§H$Z CYmaH$Vm© Ho _yë`m§H Z H$m EH ^mJ h¡ Am¡a Bgo gr_mAmo§ Ho àñVmd Ho g_` `m g_rjm H aVo g_` na {H$`m OmVm h¡& BgHo Abmdm, ~¢H g^r JŒmhH mo§Ho {bE gr_m _§Oya H$aVo g_`, CYmaH$Vm© H$m Am§V[aH loUrH$aU, AmH$ma, ñdm^m{dH ~Mmd ì`dñWmAmo§ H$s g§^mì`Vm, JŒmhH H$s Hw$b CYma Ho g§~§Y _o§ Aa{jV {dXoer _wÐm EŠgnmoOa H m g§~§{YV AmH$ma Am{X Bg Vah Ho VÏ`mo§ na {dMma H$aZo Ho ~mX hr CYmaH$Vm© Ho {dXoer Aa{jV _wÐm EŠgnmoOa H$s gr_m {ZYm©[aV H$aVm h¡ (`Wm ~¢H Ûmam _§Oya Hw$b {dXoer _wÐm EŠgnmoOa H$m %)& BgHo Abmdm ~¢H AnZo g§nyU© nmoQ©\ mo{b`mo Ho A§VJ©V Aa{jV {dXoer _wÐm EŠgnmoOa H$s Amd{YH AmYma na g_rjm H$aVm h¡& BgHo gmW hr ~¢H ^m[a~¢ Ho dV©_mZ {Xem{ZXo©emo§ Ho AZwgma AnZo CYmaH Vm©Amo§ Ho Aa{jV {dXoer _wÐm EŠgnmoOa Ho g§~§Y _o§ d¥{Õerb àmdYmZ aIVm h¡&
BgHo Abmdm, ~¢H Zo `Wm 31 _mM©, 2019 H$mo AnZo Aa{jV {dXoer _wÐm EŠgnmoOa Ho ImVo _o§ `23.85 H$amo‹S (JV df© `26.01 H$amo‹S) H$m àmdYmZ Am¡a `18.18 H$amo‹S (JV df© 16.22 H$amo‹S) H$s A{V[aº ny§Or aIr h¡&
18. Liquidity Coverage Ratio:
The necessary information is as under:
(` H$amo‹S> _|/` in crores)
{ddaU Particulars
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
Hw b J¡a-^m[aV _yë` (Am¡gV)
Total Un-weighted Value
(average)
Hw b ^m[aV _yë` (Am¡gV)
Total Weighted Value (average)
Hw b J¡a-^m[aV _yë` (Am¡gV)
Total Un-weighted
Value (average)
Hw b ^m[aV _yë` (Am¡gV)
Total Weighted Value (average)
CÀM JwUdÎmm Mb AmpñV`m±High Quality Liquid Assets
1 Hw$b CÀM JwUdÎmm AmpñV`m§ (EMŠ`yEbE)Total High Quality Liquid Assets (HQLA)
32,755.01 32,584.93 39,668.86 39,481.85
ZH$Xr ~{hJ©_Z Cash Outfl ows
2 IwXam O_mE§ Am¡a bKw H$mamo~ma JŒmhH$moo§ go O_mE§, {Og_o§ goRetail deposits and deposits from small business customers, of which:
104,625.01 10,264.95 101,695.90 10,010.55
(i) pñWa O_mE§ Stable deposits 3,951.08 197.55 3,180.86 159.04
(ii) KQmE§- pñWa O_mE§ Less stable deposits 100,673.93 10,067.39 98,515.03 9,851.50
3 Aa{jV WmoH$ {Z{Y`Z, {Og_o§ goUnsecured wholesale funding, of which:
38,466.18 16,145.33 59,549.27 24,707.48
(i) n[aMmbZJV O_mE§ (g^r à{VnjH$ma) Operational deposits (all counterparties) - - - -
18. Mb{Z{Y H$daoO AZwnmV Amdí`H$ gyMZm {ZåZdV h¡:
196
{ddaU Particulars
31 ‘mM©, 201931st March, 2019
31 ‘mM©, 201831st March, 2018
Hw b J¡a-^m[aV _yë` (Am¡gV)
Total Un-weighted Value
(average)
Hw b ^m[aV _yë` (Am¡gV)
Total Weighted Value (average)
Hw b J¡a-^m[aV _yë` (Am¡gV)
Total Un-weighted
Value (average)
Hw b ^m[aV _yë` (Am¡gV)
Total Weighted Value (average)
(ii) J¡a-n[aMmbZJV O_mE§ (g^r à{VnjH$ma)Non-operational deposits (all counterparties) 38,466.18 16,145.33 59,549.27 24,707.48
(iii) Aa{jV G$U Unsecured debt - - - -
4 O_mZVr WmoH$ {Z{Y`ZSecured wholesale funding 2,220.86 - 8,256.55 -
5 A{V[aº Amdí`H$VmE§, {Og_o§ goAdditional requirements, of which 30,762.12 4,121.26 26,594.31 3,512.23
(i) ì`wËnÞ EŠgnmo‹Oa Am¡a AÝ` g§nm{œ©H$ Amdí`H$VmAmo§ g§~§Yr ~{hJ©_ZOutfl ows related to derivative exposures and other collateral requirements
3.43 3.43 6.64 6.64
(ii) G$U CËnmXmo§ na {Z{Y`Z H$s hm{Z go g§~§{YV ~{hJ©_ZOutfl ows related to loss of funding on debt products - - - -
(iii) G$U VWm Mb gw{dYmCredit and liquidity facilities 30,758.69 4,117.83 26,587.67 3,505.59
6 AÝ` g§{dXmJV {Z{Y`Z ~mÜ`VmE§Other contractual funding obligations 232.69 232.69 544.22 544.22
7 AÝ` AmH$pñ_H$ {Z{Y`Z ~mÜ`VmE§Other contingent funding obligations 21,127.80 699.39 26,692.71 859.50
8 Hw b ZH$Xr ~{hJ©_Z Total Cash Outfl ows 197,434.66 31,463.61 223,332.96 39,633.99
ZH$Xr A§Và©dmh Cash Infl ows
9 O_mZVr CYmaSecured lending - - - -
10 g§nyU© {ZînmXZ EŠgnmo‹Oa go A§Và©dmhInfl ows from fully performing exposures 4,747.38 2,497.72 3,049.61 1,674.50
11 AÝ` ZH$Xr A§Và©dmh Other cash infl ows 7,437.06 7,068.59 11,117.73 10,805.31
12 Hw$b ZH$Xr A§Và©dmh Total Cash Infl ows 12,184.44 9,566.31 14,167.34 12,479.81
Hw b g_m`mo{OV _yë`Total Adjusted Value
13 Hw$b EMŠ`yEbE Total HQLA 32,755.01 32,584.93 39,668.86 39,481.85
14 Hw$b {Zdb ZH$Xr ~{hà©dmh Total Net Cash Outfl ows 185,250.23 21,897.31 209,165.62 27,154.18
15 Mb{Z{Y H$daoO AZwnmV (%)Liquidity Coverage Ratio (%) 148.81% 145.40%
197ANNUAL REPORT 2018-19
`Wm 31 _mM© 2019 H$mo Mb{Z{Y H$daoO AZwnmV (EbgrAma) Ho$ H«$_ _| JwUmË_H$ àH$Q>rH$aUQualitative Disclosure around Liquidity Coverage Ratio (LCR) as on 31st March 2019
1. EbgrAma n[a^mfm: Mb{Z{Y H$daoO AZwnmV (EbgrAma) H$mo {Zdb ewÕ ZH$Xr ~{hà©dmh
Ho {bE EMŠ`yEbE (CÀM JwUdÎmm dmbo Mb g§n{Îm) Ho AZwnmV Ho ê$n _o§ n{a^m{fV {H$`m J`m h¡& BgH$m CÔoí` `h h¡ {H$ J§^ra VabVm VZmd Ho A§VJ©V 30 H¡$bo§Sa {XZ H$s Ad{Y Ho {bE nZr VabVm Oê$aVmo§ H$mo nyam H$aZo Ho {bE ^ma a{hV EMŠ`yEbE Ho n`m©ßV ñVa H$s ~¢H$ AZwa{jV aIZm gw{Z{üV H$ao§, {Ogo ZH$Xr _o§ n{ad{V©V {H$`m Om gHo &
EbgrAma H$s JUZm Ho {bE {Xem{ZXo©e 1 OZdar 2015 go bmJy {H$E JE Wo& 1 OZdar 2015 H$mo Ý`yZV_ EbgrAma Amdí`H$Vm 60% go ~‹TH$a 1 OZdar 2019 VH$ 100% hmo JB© Wr& H¡$bo§Sa df© 2016, 2017 Am¡a 2018 Ho {bE EbgrAma H$s Amdí`H$Vm H«$_e… 70%, 80% Am¡a 90% Wr& ~¢H$ EbgrAma Ho Amdí`H$ ñVa H$mo ~ZmE aIZo Ho {bE n`m©ßV Vab g§n{Îm ~ZmE hwE h¡& 1 OZdar, 2017 go, Ama~rAmB© {Xem{ZXo©e Ho AZwgma ~¢H$ à{V{XZ Ho AmYma na EbgrAma H$s JUZm H$a ahm h¡&
1.1 EbgrAma Ho$ KQH$: EbgrAma n{aUm_ Ho à_wI KQH$, AJbo 30 {XZmo§ Ho g_`
{j{VO Ho ^rVa CÀM JwUdÎmm dmbo Vab AmpñV`m±, ZH$Xr A§Vdm©h Am¡a {Zdb ZH$Xr ~{hà©dmh Ho ñVa h¢ &
H$. EMŠ`yEbE: CÀM JwUdÎmm dmbo Vab AmpñV`m± _o§em{_bh¢:
ñVa-1 AmpñV`m±
ñVa-2 AmpñV`m±
ñVa-3 AmpñV`m±
ñVa1 H$s AmpñV`mo§ _o§ em{_b h¢:
Amdí`H$ grAmaAma Ho A{V{aº ZH$Xr ^§Sma g{hV ZH$X&
Ý`yZV_ EgEbAma Amdí`H$Vm Ho A{V{aº gaH$mar {gŠ`mo{aQrO&
A{Zdm`© EgEbAma Amdí`H$VmAmo§ _o§ gaH$mar à{V^y{V`m±, gr_m§V ñWm`r gw{dYm(E_EgE\) Ho VhV ^maVr` {aOd© ~¢H$ Ûmam {dñVma hoVw AZw_{V (31/03/2019 H$mo EZSrQrEb Ho 2% Ho ê$n _o§ E_EgE\ Ho {bE AZw_{V h¡)&
Mb{Z{Y àmßV H$aZo H$s gw{dYm hoVw Mb{Z{Y H$daoO AZwnmV (E\ EEbEbgrAma) (31.03.2019 H$mo E\ EEbEbgrAma Ho {bE EZSrQrEb Ho 13% H$s AZw_{V h¡)
1. LCR Defi nition:
Liquidity Coverage Ratio (LCR) is defi ned as the ratio of HQLA (High Quality Liquid Assets) to net cash outfl ows. It aims to ensure that the bank maintains adequate level of unencumbered HQLAs that can be converted into cash to meet its liquidity needs for a 30 calendar day time horizon under a signifi cantly severe liquidity stress scenario.
The Guidelines for computation of LCR was implemented with effect from 1st Jan 2015. The minimum LCR requirement increased from 60% as on 1st Jan, 2015 to 100% as on 1st Jan, 2019. The LCR requirement for the calendar years 2016, 2017 & 2018 was 70%, 80% & 90% respectively. The Bank has been maintaining suffi cient liquid assets to maintain the required level of LCR. From 1st January, 2017, as per the RBI guidelines bank is calculating LCR on a daily basis.
1.1 Components of LCR:
The major components of LCR result are level of High Quality Liquid Assets, Cash Infl ows and Net Cash Outfl ow within next 30 days’ time horizon.
a. HQLA: The High Quality Liquid Assets comprises of :
Level 1 assets
Level 2A assets
Level 2B assets
The Level 1 assets comprise of:
Cash including cash reserves in excess of required CRR.
Government Securities in excess of minimum SLR requirement.
Government securities within the mandatory SLR requirement, to the extent allowed by RBI under Marginal Standing Facility (MSF) (2% of NDTL is allowed for MSF as on 31.03.2019).
Facility to avail liquidity for Liquidity Coverage Ratio (FALLCR) (13% of NDTL is allowed for FALLCR as on 31.03.2019).
198
0% Omo{I_ ^ma Ho gmW g§à^w Ûmam Omar/Jma§QrH¥$V {dnUZ `mo½` à{V^y{V`m± &
{dÎmr` df© Ho {bE ~¢H$ Ho ñVa 1 AmpñV`mo§ H$m dm{f©H$ Am¡gV ` 31,626.56 H$amo‹S ({nNbo {dÎmr` df© 38,442.86 H$amo‹S) Omo Hw$b Am¡gV EMŠ`yEbE 32,755.01 ({nNbo {dÎmr` df© 39,688.86 H$amo‹S én`o) H$amo‹S H$m 96.55% ({nNbo {dÎmr` df© 96.91%) h¡&
ñVa 2 E AmpñV`mo§ _o§ em{_b h¢:
~mhar aoqQJ EOo§{g`mo§ Ûmam J¡a-{dÎmr` H$m°nmo©aoQ ~m°ÝS {Ogo EE- `m Cggo D$na H$s aoqQJ Xr JB© h¡&
~mhar aoqQJ EOo§{g`mo§ Ûmam Zm°Z-\$mBZo§{e`b H$_{e©`b nong© {OÝho§ EE `m Bggo D$na H$s aoqQJ àmßV h¡&
Xmdmo§ go g§~§{YV {dnUZ`mo½` à{V^y{V`mo§ na `m amOH$s` gmd©O{ZH$ joÌ g§ñWmE± (nrEgB©) m ~hwnjr` {dH$mg ~¢H$mo§ Ûmam Jma§QrH¥ V Xmdmo§ Ho {bE ~ogb II _mZH$sH¥ V X¥pîQH$moU Ho VhV 20% Omo{I_ ^ma gm¢nm J`m h¡, ~eVo© {H$ do ~¢H$/ {dÎmr` g§ñWmZ/EZ~rE\ gr `m BgHo {H$gr ^r gh`moJr Ûmam Omar Zht {H$E JE hmo§ &
^m{a~¢ Ho _m¡OyXm {Xem{ZXo©emo§ Ho AZwgma, ~¢H$ 2E ñVa H$s AmpñV`mo§ na 15% ho`aH$Q bmJy H$a ahm h¡ & ñVa 2E AmpñV`mo§ Ho Am¡gV H$s {hñgoXmar Hw$b Am¡gV EMŠ`yEbE H$m 3.44% ({nNbo {dÎm df© 3.07%) `1126.14 H$amo‹S h¡ (JV df© 1217.13 H$amo‹S én`o)&
ñVa 2~r g§n{Îm _o§ em{_b h¢ :
{H$gr ~¢H$/{dÎmr` g§ñWmZ/EZ~rE\ gr m CgH$s {H$gr r g§~Õ g§ñWm Omar Zht {H$E JE Am¡a EZEgB©/grEZEŠg, {ZâQr Am¡a/`m Eg E§S> nr ~rEgB© go§goŠg gyMH$m§H$mo§ _o§ em{_b Bp¹Qr eo`a&
EH$ ~¢H$/{dÎmr` g§ñWm/nrSr/EZ~rE\ gr `m CgHo g§~Õ g§ñWmAmo§ _o§ go {H$gr Am¡a Ûmam Omar Zht {H$`m J`m E + Am¡a ~r~r~r m XrKm©d{Y aoqQJ H$s AZwnbãYVm _o§ XrKm©d{Y aoqQJ H$s JwUdÎmm Ho g_H$j bKwAd{Y aoqQJ Ho ~rM {H$gr nmÌ aoqQJ EOo§gr Ûmam XrKm©d{Y aoqQJ àmßV H$m°nmo©aoQ G$U à{V^y{V`mo§ (dm{UpÁ`H$ nÌ g{hV)&
^m{a~¢ Ho _m¡OyXm {Xem{ZXo©emo§Ho AZwgma, ~¢H$ 2~r ñVa na 50% ho`aH$Q bmJy H$a ahm h¡& ñVa 2E AmpñV`mo§ Ho Am¡gV H$s {hñgoXmar Hw$b Am¡gV EMŠ`yEbE {OZ_o§ _w»`V… ZoeZb ñQmH$ EŠgMo§O grEZEŠg, {ZâQr Am¡a/`m Eg E§S nr ~rEgB© go§goŠg _o§ gyMr~Õ em{_b eo`amo§ H$m 0.01% (`2.32 H$amo‹S Omo {nNbm {dÎmr` df© _o§ 0.02% (`8.87 H$amo‹S ) Wm&
Marketable securities issued/guaranteed by sovereigns with 0% risk weight.
The yearly average of Level 1 assets of the Bank for the fi nancial year were `31,626.56 Crores (previous fi nancial year `38,442.86 Crores) which accounts for 96.55% (previous fi nancial year 96.91%) of total average HQLA of `32,755.01 Crores (previous fi nancial year `39,688.86 Crores).
The Level 2A assets comprise of:
Non-Financial Corporate Bonds rated AA - or above by external rating agencies.
Non-Financial Commercial Papers rated AA - or above by external rating agencies.
Marketable securities representing claims on or claims guaranteed by sovereigns, Public Sector Entities (PSEs) or multilateral development banks that are assigned 20% risk weight under the Basel II Standardised Approach for credit risk, provided that they are not issued by a bank/fi nancial institution/NBFC or any of its affi liates.
Bank is applying 15% haircut on Level 2A assets as per extant guidelines of RBI. The share of average Level 2A assets is 3.44 % (`1126.14 crores) [previous fi nancial year 3.07% (`1217.13 Crores)] of total average HQLA.
The Level 2B assets comprise of:
Equity Shares not issued by a bank/fi nancial institution/NBFC or any of its affi liated entities and included in NSE CNX Nifty and/or S&P BSE Sensex indices.
Corporate debt securities (including commercial paper) not issued by a bank/fi nancial institution/ PD/NBFC or any of its affi liated entities and having a long-term credit rating from an eligible Credit Rating Agency between A + and BBB - or in the absence of a long term rating, a short-term rating equivalent in quality to the long-term rating.
Bank is applying 50% haircut on Level 2B assets as per extant guidelines of RBI. The share of average Level 2B assets is 0.01% (`2.32 Crores) [previousfi nancial year 0.02% (`8.87 Crores)] of total average HQLA and comprises mainly of equity shares of listed corporates which are listed in National Stock Exchange CNX NIFTY and/or S&P BSE Sensex.
199ANNUAL REPORT 2018-19
~¢H$ {dÎm df© 2018-19 Ho {bE EMŠ`yEbE Ho n`m©ßV ñVa H$mo ~ZmE aIm h¡ & BgH$m {ddaU ZrMo àñVwV h¡:
(` H$amo‹S _o§)
{ddaU
2018-19 Ho {bE Am¡gV EMŠ`yEbE
2017-18 Ho {bE Am¡gV EMŠ`yEbE
aH$_ ^m{aV am{e aH$_ ^m{aV am{e
ñVa 1 31, 626.56 31,626.56 38,442.86 38,442.86
ñVa 2 E 1126.14 957.22 1217.13 1034.55
ñVa 2 ~r 2.32 1.16 8.87 4.44
Hw$b EMŠ`yEbE 32 ,755.02 32,584.93 39,668.86 39,481.85
I. ZH$Xr A§Và©dmh:
O_mZVr CYma go A§Và©dmh:Bg_o§ bKw Ad{Y CYma QrAmaBnrEg, grEEbEb em{_b h¢&
nyar Vah go {ZînmXZ H$aZo dmbo EŠgnmo‹Oa go A§Và©dmh: 30 {XZmo§ Ho ^rVa G$U MwH$m¡Vr AZwgyMr na {dMma {H$`m J`m h¡&
AÝ` ZH$X A§Và©dmh: Bg_o§ Vab å`wMwAb \§$S/ O_m à_mUnÌ {OÝho§ {H$gr ^r g_` àmßV {H$`m Om gHo , em{_b h¢ &
J. ZH$X ~{hà©dmh: EAbgrAma Ho à`moOZ Ho {bE ~{hà©dmh H$mo {ZåZ{b{IV Xmo à_wI _o§ lo{U`mo§ _o§ {d^m{OV {H$`m J`m h¡:
IwXam O_m go ~{hà©dmh: EH$ àmH¥{VH$ ì`{º Ûmam ~¢H$ Ho nmg aIo JE _m§J Am¡a gmd{Y O_mAmo§ H$mo IwXam O_m Ho ê$n _o§ _mZm OmVm h¡& IwXam O_m go hmoZo dmbo ~{hà©dmh H$mo pñWa {Snm°{OQ Am¡a H$_ pñWa {Snm°{OQ _o§ {d^m{OV {H$`m OmVm h¡& boZ-XoZ ImVmo§ _o§ gw{Z{üV O_m`o§ (S>rAmB©grOrgr) Ûmam H$da H$s JB© gr_m VH$) Ohm± doVZ/no§eZ ñdMm{bV ê$n go O_m {H$E OmVo h¢ `m {aíVo AmYm{aV ImVmo§ go ^wJVmZ {H$E OmVo h¢ (O¡go O_m JŒmhH$ H$m ~¢H$ Ho gmW EH$ Am¡a g§~§Y h¡, O¡go G$U ImVm)à{V CYmaH$Vm© Ho ê$n _o§ Bgo pñWa O_m Am¡a eof H$mo (Hw$b O_m-pñWa O_m) H$mo H$_ pñWa O_m Ho ê$n _o§ dJr©H¥$V {H$`m OmVm h¡& EbgrAma à`moOZmo§ Ho {bE Hw$b dm{f©H$ Am¡gV IwXam O_m `97,762.10 H$amo‹S (JV {dÎmr` df© `95,969.05 H$amo‹S), {Og_o§ go Am¡gV pñWa O_mE§ `2,535.14 (JV {dÎm df© `1,854.30 H$amo‹S) h¡ Am¡a H$_ pñWa O_mE§ `95,226.96
Bank has maintained a comfortable level of HQLA for the fi nancial year 2018-19. Details are furnished below:
(` in Crores)
Particulars
Average HQLA for 2018-19
Average HQLA for 2017-18
Amount Weighted Amount
Amount Weighted Amount
Level 1 31,626.56 31,626.56 38,442.86 38,442.86
Level 2A 1126.14 957.22 1217.13 1034.55
Level 2B 2.32 1.16 8.87 4.44
Total HQLA 32,755.02 32,584.93 39,668.86 39,481.85
b. Cash infl ows:
Infl ows from Secured Lending: It consists of short term lending such as TREPS, CALL.
Infl ows from fully performing exposure: Scheduled loan repayment within 30 days has been considered.
Other Cash infl ows: It includes investments in Liquid Mutual Funds/Certifi cate of Deposits etc. which can be liquidated any time.
c. Cash Outfl ows: The outfl ows for the purpose of LCR have been divided in to following major categories:
Outfl ows from retail deposits: All demand and term deposits placed with the Bank by a natural person are considered as retail deposits. The outfl ows from retail deposit are further bifurcated in to stable deposit and less stable deposit. Insured deposits (to the extent covered by DICGC) in transactional accounts where salaries/pensions are automatically deposited or are paid out from or relationship based accounts (e.g. the deposit customer has another relationship with bank, say, a loan) per borrower have been considered as stable deposit and the remaining portion (Total deposits - stable deposits) is classifi ed as less stable deposits. Total yearly average retail deposit for LCR purposes is `97,762.10 Crores (previous fi nancial year `95,969.05 Crores) out of which average stable deposits was `2,535.14 Crores (previous fi nancial year 1,854.30 Crores) and less stable deposits
200
H$amo‹S (JV {dÎm df© `94,114.76 H$amo‹S) h¡ &~¢H$ Zo EbgrAma CÔoí` Ho {bE 30 {XZmo§ H$s eof n{an¹Vm Ad{Y g{hV g^r IwXam O_mAmo§ Ho ~{hà©dmh na {dMma {H$`m h¡&
bKw ì`mnma JŒmhH$mo§ go ~{hà©dmh: bKw ì`dgm` JŒmhH$mo§ go ~{hà©dmh do O_m hmoVo h¢, Ohm± O_m H$mo IwXam O_m Ho ê$n _o§ à~§{YV {H$`m OmVm h¡ Am¡a Eogo {H$gr ^r JŒmhH$ go Hw$b O_mE± 5 H$amo‹S VH$ gr{_V hmoVm h¡& Ama~rAmB© Ho {Xem{ZXo©emo§ Ho AZwgma, BZ O_mAmo§ go 30 {XZmo§ VH$ Ho ~{hà©dmh H$mo EbgrAma à`moOZmo§ Ho {bE _mZm J`m h¡&
WmoH$ {Z{Y`Z go ~{hdm©h: IwXam O_mAmo§ Am¡a bKw ì`dgm` O_mAmo§ Ho Abmdm ~{hà©dmh H$mo WmoH$ {Z{Y`Z Ho H$maU ~{hà©dmh _mZm OmVm h¡ {Ogo ~mX _o§ J¡a O_mZVr WmoH$ {Z{Y`Z Am¡a O_mZVr WmoH$ {Z{Y`Z _o§ {d^m{OV {H$`m OmVm h¡& EbgrAma à`moOZmo§ Ho {bE `45,329.09 H$amo‹S (JV {dÎmr` df© `59,549.27 H$amo‹S) Ho WmoH$ {Z{Y`Z Ho g^r J¡a O_mZVr Am¡gV H$mo J¡a n{aMmbZJV O_mAmo§ _o§ dJr©H¥ V {H$`m J`m Š`mo§{H$ `o O_m`o§ g_m`moOZ, A{^ajm `m ZH$Xr à~§YZ
{HŒ `mH$bmn Ho A§VJ©V Zht AmVr h¡ & O_mZVr WmoH$ {Z{Y`Z _o§ Mb{Z{Y g_m`moOZ gw{dYm (EbEE\)/{Ìnjr` aonmo boZ-XoZ àUmbr (QrAmaBnrEg) Am¡a g§nm{œ©H$ CYma boZ-XoZ
g§~§Yr Xm{`Ëd, nwZI©arX H$ama (AmaBnrAmo)
Ûmam O_mZVr CYma em{_b h¡& O_mZVr CYma H$m Hw$b Am¡gV `2,220.86 H$amo‹S (JV {dÎmr` df© `8,256.55 H$amo‹S) h¡&
G$U Am¡a Mb{Z{Y gw{dYmAmo§ go ~{hà©dmh: Bg_o§ ZH$X HŒo {SQ ImVmo§ (grgr) Am¡a AmodaS—mâQ(AmoSr) ImVmo§ H$s AàmßV/Aà`wº gr_mAmo§ na {dMma {H$`m J`m h¡&
AÝ` AmH$pñ_H$ {Z{Y`Z ~mÜ`VmAmo§ go ~{hà©dmh: AÝ` AmH$pñ_H$ {Z{Y`Z ~mÜ`VmAmo§ go ~{hà©dmh _o§ ~¢H$ Jma§Qr Am¡a G$U à{V~ÕVm nÌ Am{X Ho H$maU ~{hà©dmh em{_b h¢& EbgrAma Ho à`moOZmo§ Ho {bE ~¢H$ Zo `Wm{V{W J¡a-{Z{Y AmYm{aV A{JŒ_ H$mo J¡a ^m{aV ~{hà©dmh
Ho ê$n _o§ {b`m h¡ & BgHo gmW hr ~¢H$ Zo ~¢H$ Ho {dêÕ CZ g^r Xmdmo§ {OZH$mo G$U Zht _mZm J`m h¡, H$mo EbgrAma A^m{aV ~{hà©dmh Ho ê$n _o§ _mZm h¡ &
was `95,226.96 Crores (previous fi nancial year `94,114.76 Crores). Bank has considered outfl ows of all retail deposits for LCR purpose, including those where residual maturity is beyond 30 days.
Outfl ows from small business customers: The outfl ows from small business customers are those deposits where the deposit is managed as a retail deposit and aggregate funding from any such customer is up to 5 Crore . Outfl ows up to 30 days from these deposits have been considered for LCR purposes as per the RBI guidelines.
Outfl ows from wholesale funding: The outfl ows other than those from retail deposits and small business customers are considered as outfl ows due to wholesale funding which has been further bifurcated in to unsecured wholesale funding and secured wholesale funding. For LCR purpose, all unsecured average wholesale funding of `45,329.09 Crores (previous fi nancial year `59,549.27 Crores) are classifi ed as non-operational deposits as these deposit do not represent clearing, custody or cash management activities. The secured wholesale funding is consisting of secured borrowings through Liquidity Adjustment Facility (LAF)/ Triparty Repo Dealing System (TREPS) and Lending Obligation (CBLO) and Repurchase Agreement (REPO). Total average of secured borrowings is `2,220.86 Crores (previous fi nancial year `8,256.55 Crores).
Outfl ows from Credit and Liquidity facilities: The un-availed/un-utilized limits of cash credit accounts (CC) and overdrafts (OD) accounts have been considered.
Outfl ows from other contingent funding obligations: The outfl ows from other contingent funding obligations include outfl ows due to bank guarantee and letter of credit commitments etc. For LCR purposes, Bank has considered the entire Non fund based advance as on date as unweighted outfl ow. Bank has also considered entire claims against the Bank not considered as debt as LCR unweighted outfl ow.
201ANNUAL REPORT 2018-19
1.2 {V_mhrdma EbgrAma : {dÎmr` df© 2018-19 Ho Xm¡amZ {V_mhr dma EbgrAma ZrMo
Cp„{IV h¡
OyZ -2018 {V_mhr H$m
AmogV EbgrAma
{gV§~a-2018 {V_mhr H$m
Am¡gV EbgrAma
{Xg§~a - 2018 {V_mhr H$m
Am¡gV EbgrAma
_mM© -2019 {V_mhr H$m
Am¡gV EbgrAma120.96% 151.79% 171.78% 153.73%
{dÎm df© 2017-18 Xm¡amZ {V_mhrdma EbgrAma ZrMo Cp„{IV h¡&
OyZ 2017{V_mhr Am¡gV EbgrAma
{gV§~a -2017{V_mhr H$m
Am¡gV EbgrAma
{Xg§~a - 2017{V_mhr H$m Am¡gV
EbgrAma
_mM© -2018{V_mhr H$m
Am¡gV EbgrAma
167 .03% 141.58% 127.87 % 147.43%
1.3 {dÎmr` df© 2018-19 Ho {bE ~¢H$ Ûmam EbgrAma H$s X¡{ZH$ Ý`yZV_ Amdí`H$Vm (Aà¡b 2018 go {Xg§~a VH$ 90% Am¡a OZdar go 2019 go _mM© 2019 VH$ 100%)H$mo ~ZmE aIm J`m&
2. {Z{Y`Z òmoVmo§ H$m g§H|$ÐrH$aU : ~¢H$ _w»` ê$n go G$U XoZo Am¡a CYma boZo H$s J{V{d{Y`mo§ _o§ bJm hwAm
h¡& ~¢H$ AnZr Amdí`H$Vm Ho AZwgma OZVm go O_m ñdrH$ma H$aVm h¡& ~¢H$ AnZr X¡{ZH$ VabVm Am¡a AÝ` Amdí`H$VmAmo§ Ho {bE _wÐm ~mOma go CYma boVm `m XoVm h¡ & `Wm 31 _mM©, 2019 H$mo Hw$b O_mAmo§ _o§ WmoH$ O_mAmo§ (`2 H$amo‹S Am¡a Cggo A{YH$) H$m AZwnmV 23.91% ahm& ~¢H$, IwXam O_mAmo§ na Ü`mZ H|${ÐV H$aVo hwE WmoH$ O_mAmo§ H$mo H$_ H$aZo H$m gVV à`mg H$a ahm h¡&
3. ì`wËnÞ Omo{I_ Am¡a g§^m{dV g§nm{œ©H$ _m±J: ~¢H$ ì`mnma Ho gmW-gmW hoqOJ CÔoí` Ho {bE ì`wËn{Þ H$m ì`dgm`
H$aVm h¡& ì`wËnÞ gm¡Xmo§ H$s _mÌm AnojmH¥$V H$_ h¡& {dÎmr` df© 2018-19 Ho {bE EbgrAma _o§ {Zdb ì`wËn{Þ ZH$Xr àdmh Am¡gV `3.43 H$amo‹S (JV {dÎmr` df© `6.64 H$amo‹S) h¡&
4. EbgrAma _o§ _wÐm Ag§VwbZ : O~ {dXoer _wÐm am{e _o§ Hw$b XoZXm{a`m§ ~¢H$ H$s Hw$b XoZXm{a`mo§ H$m 5%
`m Cggo A{YH$ hmo§ V~ H$ao§gr Ag§VwbZ bmJy hmoVm h¡& Eogo _m_bmo§ _o§,_wÐm H$mo "_hËdnyU©' _mZm OmVm h¡& h_mao ~¢H$ H$s ~¢qH$J Am¡a ì`mnma ~hr H$mo ñWmZr` _wÐm _o§ Xem©`m J`m h¡& ~¢H$ Ho nmg H$moB© {dXoer ghm`H$ H§ nZr Zht h¡& {dXoer _wÐm XoZ Xm{a`m§ ~¢H$ H$s Hw$b XoZ Xm{a`mo§ Ho 5% go H$_ h¢ Am¡a Bg{bE Bgo _wÐm Ag§VwbZ bmJy hmoZo hoVw _hËdnyU© Zht _mZm J`m h¡&
5. Mb{Z{Y à~§YZ Ho H|$ÐrH$aU H$s {SJŒr Am¡a g_yh BH$mB`mo§ _o§ dmVm©bmn :
~¢H$ñQm°H$ Am¡a àdmh X¥pîQH$moU Ho VhV {d{dY AZwnmVmo§ H$s {ZJamZr Ho _mÜ`_ go àYmZ H$m`m©b` _o§ Ho§ ÐrH¥$V VarHo go bJmVma AnZo Mb{Z{Y Omo{I_ H$m à~§YZ H$aVm h¡ Am¡a CgHo n{aUm_mo§ na {ZU©` boZo Ho {bE
1.2 Quarter wise LCR:
The Quarter wise LCR during the fi nancial year 2018-19 is mentioned below.
Average LCR of June-2018 Quarter
Average LCR of September-2018
Quarter
Average LCR of December - 2018
Quarter
Average LCR of March -2019
Quarter
120.96% 151.79% 171.78% 153.73%
The Quarter wise LCR during the fi nancial year 2017-18 is mentioned below.
Average LCR of June-2017 Quarter
Average LCR of September-2017
Quarter
Average LCR of December - 2017
Quarter
Average LCR of March -2018
Quarter
167.03% 141.58% 127.87% 147.43%
1.3 The Daily LCR maintained by the Bank for the fi nancial year 2018-19 was above the minimum requirement (from April 2018 to December 2018 i.e. 90% & from January 2019 to March 2019 i.e. 100%).
2. Concentration of funding sources: The Bank is primarily engaged in lending and borrowing
activities. Bank is accepting deposit from the public as per the requirement of the Bank. Bank is borrowing from/lending in the money market to manage its day to day liquidity and other requirements. The ratio of bulk deposit (`2 crore and above) to aggregate deposits as on 31st Mar 2019 is 23.91%. Bank is taking concerted effort to reduce the share of bulk deposits by focusing more on retail deposits.
3. Derivative exposures and potential collateral calls: Bank deals in derivative for trading as well as for hedging
purpose. The volume of derivative deals undertaken is relatively small. The average net derivative cash outfl ow in LCR for the fi nancial year 2018-19 is `3.43 Crores (previous fi nancial year `6.64 Crores).
4. Currency mismatch in the LCR: Currency mismatch is applicable when the aggregate
liabilities in the foreign currency amount to 5% or more of the bank’s total liabilities. In such cases, the currency is considered as ‘signifi cant’. Our Bank’s banking and trading book is denominated in local currency. Bank does not have any foreign subsidiary. Foreign currency liabilities are less than 5% of total liabilities of the Bank and hence not treated as signifi cant for application of currency mismatch.
5. Degree of centralization of liquidity management and interaction between the group’s units:
The Bank manages its liquidity risk proactively in a centralized manner through monitoring of various ratios both under stock and fl ow approach and the results are placed before the management for decision taking. Bank
202
à~§YZ Ho g_j àñVwV H$aVm h¡& ~¢H$, Am§V{aH$/Ama~rAmB© _mZX§Smo§ Ho AZwgma {d{^Þ g_` dJ© _o§ Mb{Z{Y Ag§VwbZ Ho {díbofU/{ZJamZr Ho {bE X¡{ZH$ AmYma na g§aMZmË_H$ Mb {ddaU (EgEbEg) V¡`ma H$aVm h¡& EgEbEg àË`oH$ ewHŒ dma, àW_ VWm Vrgao ~wYdma Am¡a ha _hrZo H$s 15 dt Ed§ A§{V_ {XZ H$mo AmXo`Vm à~§YZ g{_{V (AëH$mo) Ho g_j aIm OmVm h¡& 90 {XZmo§ go D$na H$s pñW{V Ho {bE J{Verb VabVm {díbofU
(SrEbEg) H$mo _m{gH$/{V_mhr AmYma na EEbgrAmo Ho gm_Zo aIm OmVm h¡& {dÎmr` df© 2018-19 Ho {bE ~¢H$ à{V{XZ Ho AmYma na EbgrAma H$s JUZm H$a ahm h¡ Am¡a erf© à~§YZ Ed§ EEbgrAmo H$mo gy{MV H$a ahm h¡&
prepares Structural Liquidity Statement (SLS) on a daily basis for analyzing / monitoring of liquidity mismatches in different time buckets according to internal/RBI norms. Such analysis is being reported to top management. SLS as on each Friday and 15th and last day of every month are placed before Asset Liability Management Committee (ALCO). Dynamic Liquidity Analysis (DLS) for likely position over a 90 days’ time horizon is placed to ALCO on monthly / quarterly basis. For fi nancial year 2018-19 bank has been calculating LCR on a daily basis and reported to the Top management & ALCO.
[ P.V. Bharathi]Managing Director & CEO
[Gopal Murli Bhagat] Executive Director
[Birupaksha Mishra] Executive Director
[Manish Gupta] Director
[P. K. Panda] Director
[K. Srinivasa Murthy] Director
[M. Bhagavantha Rao] Director
[Pradeep Kumar Jain] Director
[ Chitra Gouri Lal] Director
[V Muthukrishnan] General Manager
[Gyana Ranjan Sarangi] Deputy General Manager
[Subhash Kumar Keshav] Deputy General Manager
For Datta Singla & Co.Chartered Accountants
FRN: 006185N
[CA Sanjeev Aggarwal]Partner
Membership No. 503932
For A. K. Sabat & Co.Chartered Accountants
FRN: 321012E
[CA A K Sabat ]Partner
Membership No. 30310
For Pramod & AssociatesChartered Accountants
FRN: 001557C
[CA Ravindra Raniwala]Partner
Membership No. 073191For Chandran & RamanChartered Accountants
FRN: 000571S
[CA S G Kalyanaraman]Partner
Membership No. 10652
For S. Ramanand Aiyar & Co.Chartered Accountants
FRN: 000990N
[CA Binod C. Maharana]Partner
Membership No. 056373
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ñWmZ …_§Jbyé/Place : Mangaluru{XZm§H … 17 ‘B©, 2019/Date : 17 May, 2019
203ANNUAL REPORT 2018-19
H$mnm}aoeZ ~¢H$ CORPORATION BANK31 _mM©, 2019 H$mo g_mßV df© hoVw EH$b ZH$Xr àdmh {ddaU
Standalone Cash Flow Statement for the year ended 31st March, 2019
(Ÿ` in ’000 _|)
{ddaU PARTICULARS 31.03.2019 31.03.2018
H$.A.
n[aMmbZ H$m`©H$bmnm| go ZH$Xr àdmhCASH FLOW FROM OPERATING ACTIVITIES
H$a Cnam§V {Zdb bm^/hm{Z (-) Net Profi t/Loss (-) after Tax -6332,98,29 -4053,94,31
Omo‹S>|… H$a hoVw àmdYmZ Add: Provision for Tax -1715,70,23 -2626,91,50
H$a nyd© {Zdb bm^/hm{Z (-) Net Profi t/Loss(-) before Tax -8048,68,52 -6680,85,81
i {ZåZ hoVw g‘m¶moOZ Adjustment for :
pñWa AmpñV¶m| na ‘yë¶õmg Depreciation on Fixed Assets 176,50,70 175,34,03
{Zdoem| na ‘yë¶õmg Depreciation on Investments 340,20,20 820,65,55
EZnrE hoVw ‘yë¶õmg Provision for NPAs 11585,13,72 10982,13,51
‘mZH$ AmpñV¶m| hoVw àmdYmZ Provision for Standard Assets 180,52,52 -815,65,09
{Q>¶a I Am¡a {Q>¶a II ~m±S>m| na àXÎm ã¶mO Interest paid on Tier I & Tier II Bonds 420,81,01 592,65,49
AmH$pñ‘H$VmAm| Am¡a Aݶ hoVw àmdYmZ Provision for Contingencies and Others -43,29,41 -54,63,53
pñWa AmpñV¶m| H$s {~H«$s na (bm^)/hm{Z (Profi t)/Loss on Sale of Fixed Assets 1,49,49 -,45,07
H$_©Mmar H$ë`mU {Z{Y hoVw, _yë`õmg Provision for Staff welfare fund – –
AZwf§{J¶m| Am¡a gh¶mo{J¶m| go bm^m§e Am{X Ûmam A{O©V Am¶ Income earned by way of Dividend etc. from Subsidiaries and Associates
– –
(àXÎm)/dmng {H$¶m J¶m à˶j H$a Direct Taxes (paid)/Refund -1139,66,85 -85,28,71
ã¶mO ny±OrH$aU hoVw àmdYmZ Provision for Interest Capitalisation -119,42,00 -301,23,00
n[aMmbZ AmpñV¶m| Ed§ Xo¶VmAm| ‘| n[adV©Z go nhbo ZH$Xr àdmh Cash Flow before change in Operating Assets and Liabilities 3353,60,86 4632,67,37
ii {ZåZ hoVw g‘m¶moOZ Adjustment for:
O‘mam{e¶m| ‘| d¥{Õ/(H$‘r) Increase/(Decrease) in Deposits 1251,89,46 -37243,66,93
CYma ‘| d¥{Õ/(H$‘r) Increase/(Decrease) in Borrowings -10539,37,83 14902,91,02
Aݶ Xo¶VmAm| Ed§ àmdYmZm| ‘| d¥{Õ/(H$‘r) Increase/(Decrease) in other liabilities & provisions -13443,32,07 -12893,45,26
{Zdoem| ‘| d¥{Õ/(H$‘r) (Increase)/Decrease in Investments 10370,55,79 -6276,77,96
A{J«‘m| ‘| d¥{Õ/(H$‘r) (Increase)/Decrease in Advances -1382,37,21 20487,95,67
Aݶ AmpñV¶m| ‘| d¥{Õ/(H$‘r) (Increase)/Decrease in Other Assets 3617,32,12 376,92,65
~Å>o ImVo {bIZo/A§V[aV H$aZo Ho$ {bE Ama{jV {Z{Y¶m| ‘|/go g‘m¶moOZ Adjustments to/from Reserves for Write Off/trf 19,25,54 17,31,28
n[aMmbZ {H«$¶mH$bmnm| go {Zdb ZH$Xr àdmh (H$) NET CASH FLOW FROM OPERATING ACTIVITIES [A] -6752,43,34 -15996,12,16
204
{ddaU PARTICULARS 31.03.2019 31.03.2018
I.B.
{Zdoe {H«$¶mH$bmnm| go {Zdb ZH$Xr àdmhCASH FLOW FROM INVESTING ACTIVITIESpñWa AmpñV¶m| H$s {~H«$s/{ZnQ>mZ Sale/Disposal of Fixed Assets -3,78,32 1,74,69
pñWa AmpñV¶m| H$s IarX Purchase of Fixed Assets -111,49,17 -132,29,66
AZwf§Jr/g§¶wº$ CÚ‘/gh¶mo{J¶m| ‘| A{V[aº$ {ZdoeAdditional Investment in Subsidiary/Joint Ventures/Associates
– –
AZwf§{J¶m| Am¡a gh¶mo{J¶m| ‘| bm^m§e Am{X Ûmam A{O©V Am¶Income earned by way of Dividend etc. from Subsidiaries and Associates – –
{Zdoe {H«$¶mH$bmnm| go {Zdb ZH$Xr àdmh (I)NET CASH FLOW FROM INVESTING ACTIVITIES [B]
-115,27,49 -130,54,97
J.C.
{dÎmr¶Z {H«$¶mH$bmnm| go {Zdb ZH$Xr àdmhCASH FLOW FROM FINANCING ACTIVITIESeo¶a ny±Or Ho$ {ZJ©‘Z go AmJ‘ Proceeds from Issuance of Share Capital 11777,37,28 2187,00,00
{Q>¶a I Am¡a {Q>¶a II ~m±S>m| go AmJ‘ Proceeds of Tier I & Tier II Bonds – 800,00,00
{Q>¶a I Am¡a {Q>¶a II ~m±S>m| H$m à{VXmZ Redemption of Tier I & Tier II Bonds -3237,50,00 –
{Q>¶a I Am¡a {Q>¶a II ~m±S>m| na àXÎm ã¶mO Interest paid on Tier I & Tier II Bonds -420,81,01 -592,65,49
àXÎm bm^m§e (A§V[a‘ Ed§ A§{V‘) Dividend (Interim & Final) paid – –
àXÎm bm^m§e g§{dVaU H$a Dividend Distribution Tax paid – –
{dÎmr`Z {H«$¶mH$bmnm| go {Zdb ZH$Xr àdmh (J)NET CASH FLOW FROM FINANCING ACTIVITIES [C]
8119,06,27 2394,34,51
K.D.
ZH$Xr Am¡a ZH$Xr g‘Vwë¶ ‘| {Zdb d¥{Õ/(H$‘r) (H$+I+J) ¶m (M-L>)NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS [A+B+C] or [F-E] 1251,35,43 -13732,32,62
>L.E.
df© Ho$ àma§^ ‘| ZH$Xr Am¡a ZH$Xr g‘Vwë¶ CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEARZH$Xr Am¡a ^m.[a.~¢. Ho$ nmg ~¢H$ eof Cash and Bank Balance with RBI 11140,15,36 17496,63,49~¢H$m| Ho$$ nmg eof am{e¶m± Am¡a ‘m±J na Am¡a Aën gyMZm na YZBalance with Banks and Money at Call and Short Notice 177,52,65 7553,32,14
df© Ho$ àma§^ ‘| {Zdb ZH$Xr Am¡a ZH$Xr g‘Vwë¶ (L>)NET CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR [E] 11317,68,01 25049,95,63
M.F.
df© Ho$ A§V ‘| {Zdb ZH$Xr Am¡a ZH$Xr g‘Vwë¶ CASH AND CASH EQUIVALENTS AT THE END OF THE YEARZH$Xr Am¡a ^m.[a.~¢. Ho$ nmg ~¢H$ eof Cash and Bank Balance with RBI 9661,06,85 11140,15,36
~¢H$m| Ho$ nmg eof am{e¶m± Am¡a ‘m±J na Am¡a Aën gyMZm na YZBalance with Banks and Money at Call and Short Notice 2907,96,58 177,47,67
df© Ho$ A§V ‘| {Zdb ZH$Xr Am¡a ZH$Xr g‘Vwë¶ (M)NET CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR [F] 12569,03,43 11317,63,03
(Ÿ` in ’000 _|)
205ANNUAL REPORT 2018-19
INDEPENDENT AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL
STATEMENTSTo
The Members of Corporation Bank, MangaluruReport on the Consolidated Financial Statements
Opinion
1. We have audited the attached Consolidated Balance Sheet of Corporation Bank (‘the Bank’) and its Subsidiary, Corpbank Securities Limited, (collectively referred to as “the Group”), as at 31st March 2019, the Consolidated Profi t and Loss account and the Consolidated Cash Flows Statement and notes to fi nancial statements including a summary of signifi cant accounting policies and other explanatory information of the Group for the year ended on that date.
2. Based on our audit, consideration of the report of other auditor on separate fi nancial statements of the subsidiary and to the best of our information and according to the explanations given to us read with paragraphs 4 to 8 below, we are of the opinion that the attached consolidated fi nancial statements give a true and fair view in conformity with the accounting principles generally accepted in India. i. In the case of the Consolidated Balance Sheet, of the
state of affairs of the Group as at 31st March 2019; ii. In the case of the Consolidated Profi t and Loss account,
the Consolidated Loss of the Group for the year ended on that date, and
iii. In the case of Consolidated Cash Flow Statement gives a true and fair view of the cash fl ows of the Group for the year ended on that date.
Basis for Opinion3. We conducted our audit in accordance with the Standards
on Auditing (SAs) issued by the Institute of Chartered Accountants of India (ICAI). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Group in accordance with the code of ethics issued by the ICAI together with ethical requirements that are relevant to our audit of the fi nancial statements in India, and we have fulfi lled our other ethical responsibilities in accordance with these requirements and the code of ethics. We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our opinion.
4. Emphasis of Matter Without qualifying our conclusion, we draw attention to :
i) Note No. 1 of Schedule 18-C regarding provisioning made on NCLT accounts and provision made on Non-performing accounts.
ii) Note No. 8(C) of Schedule 18-B regarding non-recognition of Deferred Tax asset on current year tax loss.
g_o{H V {dÎmr` {ddaUmo§ na ñdV§Ì boIm narjH mo§ H$s {anmoQ©
godm _o§ H$mnmo©aoeZ ~¢H$ gXñ`,_§Jbyég_o{H$V {dÎmr` {ddaUmo§ na [anmoQ©
A{^_V1. h_Zo H mnmo©aoeZ ~¢H (~¢H ) Am¡a CgH r AZwf§Jr, H mn© ~¢H {gŠ`w{aQrµO
{b{_QoS (EH gmW ""ggyh'' H$hm J`m h¡) Ho 31 _mM©, 2019 H$s pñW{V Ho AZwgma g§b¾ g_o{H V VwbZ-nÌ, VWm CgHo gmW Cº {XZm§H H$mo g_mßV df© hoVw g_yh Ho _hËdnyU© boIm-Zr{V`mo§ H m gmam§e Ed§ AÝ` ì`m»`mË_H gyMZmAmo§ g{hV g_o{H V bm^-hm{Z boIo Am¡a g_o{H V ZH$Xr àdmh {dda{U`mo§ H$s boImnarjm H$s h¡&
2. h_mar boImnarjm Ho AmYma na, AZwf§Jr Ho AbJ {dÎmr` {ddaU na Xygao boImnarjH$m| Ho {anmoQ© Ho AmYma na Am¡a h_mar OmZH$mar Ed§ {ZåZ{b{IV n¡amJŒm\ 4 go 8 Ho gmW n{RV h_o§ Xr JB© ñnîQrH$aU Ho AZwgma, h_mar am` h¡ {H g§b¾ g_o{H$V {dÎmr` {ddaU ^maV _o§ gm_mÝ` ê$n go ñdrH¥$V boIm§H Z {gÕm§Vmo§ Ho AZwê$n ghr Am¡a C{MV pñW{V àñVwV H$aVr h¡& i. g_o{H$V VwbZnÌ Ho _m_bo _o§, `h 31 _mM©, 2019 H$mo g_yh H$s
pñW{V H$mo Xem©Vr h¡; ii. g_o{H$V bm^ Am¡a hm{Z boIm Ho _m_bo _o§ Cg {XZ H$mo g_mßV df©
Ho {bE g_yh H$s g_o{H$V hm{Z h¡, Am¡a iii. g_o{H$V ZH$Xr àdmh {dda{U`mo§ Ho _m_bo _o§ `h Cg VmarI H$mo
g_mßV df© Ho {bE g_yh Ho ZH Xr àdmh H m ghr Am¡a C{MV pñW{V àñVwV H$aVr h¡&
A{^_V H$m AmYma 3. h_Zo ^maVr` gZXr boImH$ma g§ñWmZ (AmB©grEAmB©) Ho$ Ûmam Omar
boImnarjm Ho$ _mZH$mo§ Ho$ AZwgma AnZr boImnarjm H$r h¡& CZ _mZH$mo§ Ho$ VhV AnZr {Oå_oXm[a`mo§ H$mo AmJo h_mar [anmoQ© Ho$ {dÎmr` {ddaU AZw^mJ H$r boImnarjm hoVw boImnarjH$ H$r {Oå_oXm[a`mo§ _o§ ~Vm`m Jm`m h¡& h_ AmB©grEAmB© Ho$ Ûmam Omar AmMma g§{hVm Ho$ AZwgma g_yh go ñdV§Ì h¢ Am¡a gmW hr Z¡{VH$ AnojmAmo§ H$mo ^r nyam H$aVo h¢ Omo ^maV _o§ AnZr {dÎmr` {ddaUmo§ H$s boImnarjm Ho$ {bE g§JV h¡ Am¡a h_Zo BZ AnojmAmo§ Am¡a AmMma g§{hVm Ho$ AZwgma h_mar AÝ` Z¡{VH$ CÎmaXm{`Ëdmo§ H$mo nyam {H$`m h¡& h_mam {dœmg h¡ {H$ Omo boImnarjm gmú` h_Zo àmßV {H$`m h¡, do h_mar A{^_V Ho$ {bE n`m©ßV Am¡a C{MV AmYma àXmZ H$aVm h¡&
4. _m_bo H$m _hËd AnZo {ZîH$f© na nhw±Mo {~Zm h_ {ZåZ{b{IV na Ü`mZ AmH${f©V H$aVo h¡…
i. EZgrEbQr ImVmo§ na {H$E JE àmdYmZ Am¡a J¡a-{ZînmXH$ ImVmo§ na {H$E JE àmdYmZ Ho$ ~mao _o§ AZwgyMr 18-gr H$m ZmoQ Z§~a 1
ii. dV©_mZ df© H$s H$a hm{Z na AmñW{JV H$a AmpñV H$r J¡a-_mÝ`Vm Ho$
g§~§Y _o§ AZwgyMr 18-~r Ho$ ZmoQ 8 (gr)
206
5. boIm narjm H$r à_wI _Xo§ 5. Key Audit Matters
H«$. g§.Sl. No.
boIm narjm H$r à_wI _Xo§ Key Audit Matters
boImnarjH$mo§ H$m Odm~ Auditor’s Response
1 àmW{_H$Vm Am¡a J¡a àmW{_H$Vm joÌ _o§ A{JŒ_mo§ H$m dJr©H$aU ~¢H$ Zo boImnarjmYrZ df© Ho$ Xm¡amZ àmW{_H$Vm Am¡a J¡a àmW{_H$Vm joÌ Ho$ CYmaH$Vm©Amo§ Ho$ ImVmo§ H$m nwZ: dJr©H$aU {H$`m h¡&Classifi cation of Advances into Priority & Non Priority SectorBank has made re classifi cation of borrowers’ accounts between Priority & Non Priority Sector during the year under Audit.
h_Zo ~¢H$ Ûmam joÌdma dJr©H$aU H$r àUmbr H$r à^m{dH$Vm H$m _yë`m§H$Z {H$`m h¡& h_ joÌdma dJr©H$aU Ho$ {bE emIm Am¡a A§Mb {dda{U`mo§, emIm boIm narjH$mo§ H$r [anmoQ© na {Z^©a Wo& h_Zo joÌdma dJr©H$aU H$r [anmo{Q>ªJ H$s ewÕVm H$m {ZYm©aU H$aZo Ho$ {bE àmW{_H$Vm joÌ Ho$ dJr©H$aU _o§ CËnmX dma ImVmo§ H$m Z_yZm MwZm h¡& àmW{_H$Vm/J¡a àmW{_H$Vm joÌ A{JŒ_mo§ H$s nhMmZ H$s àUmbr H$s g_rjm Am¡a nwZ_y©ë`m§H$Z H$aZo H$s Amdí`H$Vm h¡&We have assessed the effi cacy of the system of sector wise classifi cation by the bank.We relied on the branch and zonal returns, branch auditors reports for sector wise classifi cation.We have selected sample of product wise accounts in priority sector classifi cation to determine the correctness of reporting of sector wise classifi cation.The system of identifi cation of priority/non priority sector advances needs review and revalidation.
2 gyMZm àm¡Úmo{JH$r àUmbr ({\$ZoH$b) AmYm[aV {dÎmr` [anmo{Q>ªJ à{HŒ m
~¢H$ H$moa ~¢qH$J gmoë`yeZ (gr~rEg) _o§ H$m_ H$a ahm h¡, n[aMmbZ Am¡a {dÎmr` [anmo{Q>ªJ à{HŒ mE§ ~‹Sr _mÌm _o§ boZXoZmo§ Ho$ {bE \Œ ÝQ EÝS Am¡a ~¡H$ EÝS _o§ AmB©Qr {gñQ_ na {Z^©a h¢&
~¢H$ Ho$ EH$rH¥ V Q—oµOar à~§YZ Ho$ {bE g{hV g^r boZXoZmo§ Ho$ {bE H$moa ~¢qH$J _o§ à^mdr SoQm H¡ ßMqaJ Am¡a [anmo{Q>ªJ Ho$ {bE ~ZmE JE n`m©ßV Om±M, eof, à{HŒ mE§ Am¡a {Z`§ÌU em{_b h¢& Information Technology System (Finacle) based Financial reporting process.The bank is operating under Core Banking Solution (CBS), the Operational and Financial reporting processes are dependent on IT Systems for the large volume of transactions at the front end and at the back end.Core banking for all transactions including for integrated treasury management of the bank has adequate checks, balances, processes and controls designed for the effective data capturing and reporting.
h_ H$moa, ßb_, Am¡a Q—oµOar go àmßV OmZH$mar Am¡a SoQm H$s g_rjm Am¡a _yë`m§H$Z H$aHo$ `h AmœñV H$aVo h¢ {H$ [anmoQ© {H$E JE {dÎmr` {ddaU C{MV Am¡a {dœgZr` h¢&
h_mao boImnarjm X¥pîQH$moU _o§ Am§V[aH$ {Z`§ÌU H$r n[aMmbZ à^mderbVm em{_b h¢& Omo {ZåZ{b{IV h¡…
h_mao boImnarjm {ZåZ{b{IV H$mo naIZo Ho$ n[aàoú` _o§ H$r J`r h¡…
df© Ho$ Xm¡amZ Am`mo{OV AmB©Eg boImnarjm àmßV H$aZm Am¡a CgH$r g_rjm H$aZm&
~¢H$ Ho$ AmB©Qr {Z`§ÌU n[adoe, AmB©Qr Zr{V`mo§ Am¡a ~moS© Ho$ gm_Zo aIo JE ZmoQmo§ g{hV boImnarjm Ad{Y Ho$ Xm¡amZ _hËdnyU© n[adV©Zmo§ go gh_{V &
~¢H$ Ho$ à_wI AmB©Qr àUm{b`mo§ na gm_mÝ` AmB©Qr {Z`§ÌUmo§ Ho$ {SOmBZ, H$m`m©Ýd`Z Am¡a n[aMmbZ à^m{dH$Vm H$s g_rjm H$s, Omo Z_yZm Om±M AmYma na {dÎmr` [anmo{Q>ªJ Ho$ {bE _hËdnyU© h¢ &
boIm narjm Ho$ {bE Cn`wº à_wI ñdMm{bV Ed§ _¡ZwAb H$mamo~ma MHŒ {Z`§ÌUmo§ Am¡a {gñQ_ Ûmam OZaoQS [anmoQmoª H$s narjU H$s Om±M H$s&We conducted a review and assessment of information and data derived from Core, PLUM, and treasury to assure that the reported Financial Statements are proper and reliable.Our audit approach consisted of testing operating effectiveness of internal controls as follows:Obtaining and reviewed the IS Audit conducted during the year.Obtaining an understanding of the Bank’s IT Control environment, IT Policies and key changes during the audit period including the notes placed before the Board.Reviewed the design, implementation and operating effectiveness of the Bank’s General IT controls over key IT systems that are critical to Financial reporting on test check basis. Test checked key automated and manual business cycle controls and system generated reports relevant to audit.
207ANNUAL REPORT 2018-19
Responsibilities of Management and those charged with Governance for the Consolidated Financial Statements6. 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 Financial position, Financial performance and cash fl ows of the Group 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 (the Act) 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 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. 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 Management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
Auditor’s Responsibilities for the Audit of the Financial Statements
7. 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 auditor’s 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 infl uence the economic decisions of users taken on the basis of these 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 suffi cient 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.
g_o{H$V {dÎmr` {ddaUmo§ Ho$ {bE Am¡a A{^emgZ na à~§YZ Ho$ Xm{`Ëd
6. ~¢H$ Ho$ {ZXoeH$ _§Sb H$m BZ g_o{H$V {dÎmr` {ddaUmo§, Omo AmB©grEAmB© Ûmam Omar boIm§H$Z _mZH$mo§ g{hV ^maV _o§ gm_mÝ` ê$n go ñdrH¥ V boIm§H$Z {gÕm§Vmo§ VWm ~¢qH$J {d{Z`_Z A{Y{Z`_, 1949 H$r Ymam 29 Ho$ àmdYmZmo§ Ed§ g_` g_` na ^maVr` [aµOd© ~¢H$ (Ama~rAmB©) Ûmam Omar n[anÌmo§ d {Xem{ZXo©emo§ Ho$ AZwgma g_yh H$s {dÎmr` pñW{V, {dÎmr` {ZînmXZ Am¡a ZH$Xr àdmh H$m ghr C{MV pñW{V Xem©Vr h¡, H$mo V¡`ma H$aZo Ho$ {bE {Oå_oXma h¡& Bg {Oå_oXmar _o§ g_yh H$r AmpñV`mo§ H$r gwajm Ho$ {bE Am¡a H$nQ Ed§ AÝ` A{Z`{_VVmAmo§ H$mo amoH$Zo d CgH$m nVm bJmZo Ho$ {bE A{Y{Z`_ Ho$ àmdYmZmo§ Ho$ AZwgma n`m©ßV boIm§H$Z [aH$mS© H$m aIaImd; C{MV boIm§H$Z Zr{V`mo§ H$m M`Z Am¡a H$m`m©Ýd`Z; {ZU©` Am¡a AmH$bZ H$aZm Omo C{MV Am¡a {ddoH$nyU© h¢; Am¡a n`m©ßV Am§V[aH$ {dÎmr` {dda{U`mo§ H$r ê$naoIm ~ZmZm, H$m`m©Ýd`Z Am¡a aIaImd, Omo {H$ boIm§H$Z Ho$ [aH$mS© H$s gQrH$Vm Am¡a nyU©Vm gw{Z{üV H$aZo Ho$ {bE à^mdr T§J go H$m`© H$aVo h¢ Omo {dÎmr` {ddaUmo§ H$r V¡`mar Am¡a àñVw{V Ho$ {bE g§JV h¡ Am¡a ghr Am¡a C{MV pñW{V Xem©Zodmbr h¡ Am¡a Mmho H$nQ m Ìw{Q Ho$ H$maU hmoZo dmbr Jb` ~`mZmo§ go _wº h¡, ^r em{_b h¡& {dÎmr` {ddaUmo§ H$r V¡`mar _o§, à~§YZ, H$m`©erb g§ñWm Ho$ ên _o§ ~Zo ahZo, `Wm bmJy, H$m`©erb g§ñWm go Ow‹Sr _m_bmo§ H$m àH$QZ H$aZo VWm O~ VH$ à~§YZ g_yh H$m n[ag_mnZ, g§MmbZ amoH$Zm Zht MmhVm h¡ `m Eogm H$aZo Ho$ {bE H$moB© dmñV{dH$ {dH$ën Zht h¡, V~ VH$ H$m`©erb g§ñWm AmYma na boIm§H$Z H$m Cn`moJ H$aZo H$s JŒwn H$s j_Vm H$m _yë`m§H$Z H$aZo Ho$ {bE CÎmaXm`r h¡&
{dÎmr` {ddaUmo§ H$r boIm narjm Ho$ {bE boIm narjH$ H$r {Oå_oXm[a`m±
7. h_mam CÔoí` Bg ~mao _o§ C{MV AmœmgZ àmßV H$aZm h¡ {H$ {dÎmr` {ddaU Mmho H$nQ `m Ìw{Q Ho$ H$maU hmoZo dmbr JbV ~`mZmo§ go nyU© ê$n go _wº h¡ Am¡a boImnarjH$mo§ H$s [anmoQ© em{_b H$aZm h¡ {Og_o§ h_mam A{^_V ^r em{_b h¢& C{MV AmœmgZ CÀM ñVar` AmœmgZ h¡, na§Vw `h Jma§Qr Zht h¡ {H$ EgE Ho$ AZwgma H$r J`r boImnarjm _o§ JbV ~`mZ hmoZo na CgH$m nVm bJm`m OmEJm& & JbV ~`mZ H$nQ `m Ìw{Q Ho$ H$maU hmo gH$Vr h¡ Am¡a Bg {dÎmr` {dda{U`mo§ Ho$ AmYma na Cn`moÎmm Ho$ {dÎmr` {ZU©`mo§ na ì`{º$JV ê$n go `m g_JŒ ê$n go à^m{dV H$aVm h¡ Vmo Cgo J§^ra _mZm OmEJm& EgEEg Ho$ AZwgma boImnarjm Ho$ ^mJ Ho$ ê$n _o§, h_Zo noeoda {ZU©` {b`m h¢ Am¡a nyao boImnarjm _o§ noeoda g§e`mË_H$Vm H$mo ~ZmE aIm&
h_Zo {ZåZ H$m`© ^r {H$`m h¡ :
• {dÎmr` {ddaUmo§ _o§ à_wI ê$n go JbV ~`mZ, Mmho do H$nQ `m Ìw{Q Ho$ H$maU hmo§, Ho$ Omo{I_mo§ H$r nhMmZ Am¡a CZH$m AmH$bZ H$aVo h¢, CZ Omo{I_mo§ Ho$ {bE boImnarjm àUmbr V¡`ma H$aVo h¢ Am¡a H$m`m©pÝdV H$aVo h¢ VWm h_mao A{^_V Ho$ AmYma ~ZZo Ho$ {bE n`m©ßV Am¡a C{MV boImnarjm gmú` àmßV {H$`m h¡& H$nQ Ho$ H$maU hmoZo dmbr Jb` ~`mZ H$m nVm Zht bJmZo H$m Omo{I_ Ìw{Q Ho$ H$maU hmoZodmbr Omo{I_ go A{YH$ hmoVm h¡ Š`mo§{H$ YmoImY‹Sr _o§ {_br^JV, OmbgmOr, OmZ~yÂmH$a MyH$, JbV ~`mZr, `m Am§V[aH$ {Z`§ÌU H$m C„§KZ em{_b hmo gH$Vm h¡&
208
• Cn`moJ H$r JB© boIm§H$Z Zr{V`mo§ H$r Cn`wº$Vm Am¡a à~§YZ Ûmam {H$E JE boIm§H$Z AmH$bZmo§ Am¡a g§~§{YV àH$QZmo§ H$r {dœgZr`Vm H$m _yë`m§H$Z {H$`m h¡&
• h_ à~§YZ H$r Mmby boIm§H$Z AmYmamo§ Ho$ Cn`moJ H$r Cn`wº$Vm Am¡a àmßV boImnarjm gmú` Ho$ AmYma na Š`m Eogr KQZm `m pñW{V`mo§ go g§~§{YV H$moB© _hËdnyU© A{Z{üVVm _m¡OyX h¡ Omo ~¢H$ H$r j_Vm na _hËdnyU© g§Xoh n¡Xm H$aVr h¡, na {ZîH$f© {ZH$mbVo h¡ & `{X h_ `h {ZîH$f© {ZH$mbVo h¢ {H$ H$moB© _hËdnyU© A{Z{üVVm {dÚ_mZ h¡, Vmo h_o§ AnZo boIm narjH$ H$r [anmoQ© _o§ {dÎmr` {ddaUmo§ _o§ g§~§{YV àH$QZmo§ na Ü`mZ AmH${f©V H$aZm hmoJm `m `{X Bg Vah Ho$ àH$QZ An`m©ßV h¢, Vmo h_mao A{^_V H$mo g§emo{YV H$aZm h¡& h_mao {ZîH$f© h_mao boIm narjH$ H$r [anmoQ© H$r VmarI VH$ àmßV boImnarjm gmú` Ho$ AmYma na h¡& VWm{n, ^{dî` _o§ hmoZo dmbr KQZmAmo§ `m pñW{V`mo§ go ~¢H$ H$mo H$m`©erb g§ñWm Ho$ ê$n _o§ ~Zo ahZm g_mßV hmo gH$Vm h¡&
• àH$QZ g{hV {dÎmr` {ddaUmo§ H$r g_JŒ àñVw{V, g§aMZm Am¡a {df`dñVw H$m _yë`m§H$Z {H$`m h¡ Am¡a Š`m {dÎmr` {ddaU A§V{Z©{hV boZXoZ Am¡a KQZmAmo§ H$mo Bg Vah go Xem©Vo h¢ Omo C{MV àñVw{V H$a gH$Vo h¢&
h_ AÝ` _m_bmo§ Ho$ gmW A{^emgZ go Ow‹So `moOZm~Õ H$m`©joÌ Am¡a boImnarjm H$m g_` VWm Am§V[aV {Z`§ÌUmo§ _o§ nmB© JB© C„oIZr` H${_`mo§ g{hV boImnarjm {ZîH$f© Ho$ ~mao _o§ gy{MV H$aVo h¢&
h_ CZ bmoJmo§ H$mo Omo A{^emgZ Ho$ {bE CÎmaXm`r h¡, {ddaU Ho$ gmW h gy{MV H$aVo h¢ {H$ h_Zo ñdV§ÌVm Ho$ g§~§Y _o§ g§JV Z¡{VH$ Amdí`H$VmAmo§ H$m AZwnmbZ {H$`m h¡, Am¡a CZ g^r g§~§Y Ed§ AÝ` _m_bmo§ Ho$ ~mao _o§ ^r gy{MV {H$`m h¡, {Og_o§ g_w{MV ê$n go h_mar ñdV§ÌVm Am¡a Ohm± bmJy h¡, g§~§{YV gwajm, H$mo à^m{dV H$a gH$Vm h¡& A{^emgZ Ho$ Ow‹Sr ~mVmo§ H$mo g§gy{MV _m_bmo§ go, h_ CZ _m_bmo§ H$mo {ZYm©[aV H$aVo h¢ Omo dV©_mZ Ad{Y Ho$ {dÎmr` {ddaUmo§ H$s boImnarjm _o§ g~go A{YH$ _hËd aIVo h¢ Am¡a Bg{bE do boImnarjm g§~§Yr à_wI _m_bo h¢&
h_ AnZo boImnarjH$ H$r [anmoQ© _o§ BZ _m_bmo§ H$mo V^r àñVwV H$aVo h¢ O~ H$mZyZ `m {d{Z`_Z Bg _m_bo Ho$ ~mao _o§ gmd©O{ZH$ àH$QrH$aU Ho$ {bE amoH$ Zht bJmVm h¡ `m AË`§V {deof n[apñW{V`mo§ _o§, h_ `h {ZU©` boVo h¢ {H$ h_mar [anmoQ© _o§ {H$gr _m_bo H$mo àH$Q Zht {H$`m OmZm h¡ Š`mo§{H$ Eogm H$aZo Ho$ à{VHy b n[aUm_ gmd©O{ZH$ {hV Ho$ {déÕ hmo gH$Vr h¡&
AÝ` _m_bo 8. h_Zo AZwf§Jr, H$mn© ~¢H {gŠ`mo{aQr {b{_QoS Ho {dÎmr` {ddaUmo§ H$s
boImnarjm Zht H$s h¡, {OgH r {dÎmr` {ddaUr _o§ 31 _mM© , 2019 H$mo Hw$b AmpñV`m± `125.02 H amo‹S h¡ Am¡a Cgr {XZ g_mßV df© Ho {bE Hw b amOñd `9.73 H amo‹S h¡& BZ {dÎmr` {ddaUmo§ H r boImnarjm Xygao boImnarjH Zo {H `m h¡, {OgH r {anmoQ© h_o§ Xr JB© h¡, Am¡a h_mar am`, Ohm± VH `h Cº AZwf§Jr Ho g§~§Y _o§ em{_b am{e`mo§ go g§~§{YV h¡, nyar Vah go Xygao boImnarjH H$s {anmoQ© Ho AmYma na h¡&
Bg _m_bo Ho$ g§~§Y _o§ h_mar am` _o§ g§emoYZ Zht h¡&
9. VwbZ nÌ Am¡a bm^ hm{Z boIm ImVm ~¢qH$J {d{Z`_Z A{Y{Z`_, 1949 H$r Ymam 29 Ho$ AZwgma V¡`ma {H$`m J`m h¡&
• 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 signifi cant 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 auditor’s 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 auditor’s 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.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and signifi cant audit fi ndings, including any signifi cant defi ciencies 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 signifi cance in the audit of the Financial Statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s 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 benefi ts of such communication.
Other Matter8. We have not audited the fi nancial statements of the
Subsidiary, Corpbank Securities Limited, whose fi nancial statements refl ect total assets of `125.02 Crores as at March 31, 2019 and total revenues of `.9.73 Crores for the year ended on that date. These fi nancial statements have been audited by another auditor whose report has been furnished to us, and our opinion, in so far as it relates to the amounts included in respect of the said subsidiary, is based solely on the report of the other auditor.
Our opinion is not modifi ed in respect of this matter.9. The Balance Sheet and the Profi t and Loss Account have
been drawn up in accordance with Section 29 of the Banking Regulation Act, 1949.
209ANNUAL REPORT 2018-19
10. Cn`w©º 4 go 8 VH$ Ho$ n¡amJŒm\ _o§ ~VmB© JB© gr_mAmo§ VWm ~¢qH$J H§ nZr (CnHŒ _mo§ H$m AO©Z Ed§ A§VaU) A{Y{Z`_, 1970/1980 Ûmam Ano{jVmZwgma, Am¡a CZ_o§ Ano{jV àH$QZmo§ H$r gr_mAmo§ Ho$ ^r AYrZ, h_ [anmoQ© H$aVo h¢ {H$…
H$) h_Zo Eogr g^r gyMZm Ed§ ñnîQrH$aU àmßV {H$E h¢ Omo h_mar A{YH$V_ OmZH$mar Ed§ {dœmg _o§ h_mar boIm-narjm Ho$ {bE Amdí`H$ Wo Am¡a CÝho§ g§VmofOZH$ nm`m h¡;
I) g_yh Ho$ Omo boZXoZ h_mao Ü`mZ _o§ AmE, do g_yh Ho$ A{YH$mamo§ Ho$ ^rVa Wo; Am¡a
J) ~¢H$ Ho$ H$m`m©b`mo§ Am¡a emImAmo§ go àmßV {dda{U`m± h_mar boIm-narjm Ho$ {bE n`m©ßV nmB© JB© h¢&
11. h_ AmJo [anmoQ© H$aVo h¢ {H$…
H$) h_mar am` _o§ h_mar boImnarjm Ho {bE àmßV Cº ~{h`mo§ VWm C{MV {dda{U`mo§ H r Om±M go àVrV hmoVm h¡ {H g_yh Zo {d{Y Ûmam Ano{jVmZwgma C{MV boIm ~{h`m± aIr h¡;
I) Cº {anmoQ© _o§ em{_b VwbZnÌ, bm^ hm{Z {ddaU Am¡a ZH X àdmh {ddaUr boIm ~{h`mo§ go _ob aIVo h¢;
J) h_mar am` _o§, VwbZ nÌ, bm^ Ed§ hm{Z ImVo Ed§ ZH$X àdmh {ddaUr bmJy _mZH$ boIm_mZH$m| H$m AZwnmbZ H$aVr h¢ Am¡a do Ama~rAmB© Ûmam {Z{X©îQ> boIm Zr{V`m| Ho$ g§X^© _| {dM{bV Zht h¢Ÿ&
10. Subject to the limitations of the audit indicated in paragraphs 4 to 8 above and as required by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, 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 Group, which have come to our notice, have been within the powers of the Group; and
c) The returns received from the offi ces and branches of the Bank have been found adequate for the purposes of our audit.
11. We further report that:a) in our opinion, proper books of account as required by
law have been kept by the Group so far as it appears from our examination of those books and proper returns adequate for the purposes of our audit have been received;
b) the Balance Sheet, the Profi t and Loss Account and the Statement of Cash Flows dealt with by this report are in agreement with the books of account; and
c) In our opinion, the Balance Sheet, the Profi t 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.
H¥$Vo XÎmm qgJbm EÊS H§ . gZXr boImH ma
E\$AmaEZ-006185EZ
H¥$Vo E. Ho . g~V EÊS H§ . gZXr boImH ma
E\$AmaEZ-321012B©
H¥$Vo à_moX EÊS Egmo{gEQ²g gZXr boImH ma
E\$AmaEZ-001557gr(grE g§Ord AJ«dmb)
gmÂmoXmagXñ` g§.503932
(grE E. Ho . g~V)gmÂmoXma
gXñ` g§. 30310
(grE a{dÝÐ amZrdmbm)gmÂmoXma
gXñ` g§. 073191
H¥$Vo MÝÐZ EÊS a_Z gZXr boImH ma
E\$AmaEZ-000571Eg
H¥$Vo Eg. am_mZ§X Aæ`a EÊS H§ . gZXr boImH ma
E\$AmaEZ-000990EZ(grE Eg.Or. H$ë`mUa_U)
gmÂmoXmagXñ` g§.10652
(grE {dZmoX gr. _hmamUm)gmÂmoXma
gXñ` g§. 056373
ñWmZ … _§Jbyé{XZm§H$ … 17 _B©, 2019
For Datta Singla & Co.Chartered Accountants
FRN - 006185N
For A. K. Sabat & Co.Chartered Accountants
FRN - 321012E
For Pramod & AssociatesChartered Accountants
FRN - 001557C[CA Sanjeev Aggarwal]
PartnerMembership No. 503932
[CA A. K. Sabat]Partner
Membership No. 30310
[CA Ravindra Raniwala]Partner
Membership No. 073191For Chandran & Raman
Chartered AccountantsFRN - 000571S
For S. Ramanand Aiyar & Co.Chartered Accountants
FRN: 000990N[CA S. G. Kalyanaraman]
PartnerMembership No. 10652
[CA Binod C. Maharana]Partner
Membership No. 056373Place : MangaluruDate : 17 May, 2019
210
H$mnm}aoeZ ~¢H$ CORPORATION BANK31 _mM©, 2019 H$s g_o{H$V pñW{V H$m VwbZ-nÌ CONSOLIDATED BALANCE SHEET AS ON 31st MARCH, 2019
(` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARSAZwgyMr g§.Schedule
No.
`Wm As on31.03.2019
`
`Wm As on31.03.2018
`
ny±Or Am¡a Xo`VmE± CAPITAL AND LIABILITIES
ny±Or Capital 1 1198,83,68 333,10,97 Share Application Money Pending Allotment
Ama{jV {Z{Y`m± Am¡a A{Yeof Reserves and Surplus 2 15415,67,51 10554,70,91
Ý`yZ{hV Minority Interest Nil Nil
O_mam{e`m± Deposits 3 184564,10,70 183309,04,59
CYma am{e`m± Borrowings 4 8394,25,52 22171,08,37
AÝ` Xo`VmE± d àmdYmZ Other Liabilities and Provisions 5 4051,24,06 5558,23,13
`moJ TOTAL 213624,11,47 221926,17,97
AmpñV`m± ASSETS
ZH$Xr Am¡a ^maVr` [aµOd© ~¢H$ _| eof Cash and Balances with Reserve Bank of India
6 9661,06,91 11140,15,44
~¢H$m| _| eof Am¡a _m±J VWm Aën gyMZm na YZBalances with Banks and Money at Call and Short Notice 7 2909,05,44 177,90,18
{Zdoe Investments 8 60018,61,38 70379,27,68
A{J«_ Advances 9 121251,20,92 119868,83,71
ñWmB© AmpñV`m± Fixed Assets 10 1421,91,55 1229,31,51
AÝ` AmpñV`m± Other Assets 11 18362,25,27 19130,69,45
`moJ TOTAL 213624,11,47 221926,17,97
AmH$pñ_H$ Xo`VmE± Contingent Liabilities 12 62625,62,97 87356,57,84
CJmhr Ho$ {bE {~b Bills for Collection 13747,30,85 13893,39,89
_hËdnyU© boIm§H$Z Zr{V`m± Signifi cant Accounting Policies 17
boIm g§~§Yr {Q>ßn{U`m± Notes to the Accounts 18
CnamoŠV AZwgy{M`m± VwbZ nÌ H$m A{^ÝZ A§J h¢&The schedules referred to above form an integral part of Balance Sheet.
h_mar g_{XZm§{H$V [anmoQ>© Ho$ AZwgma
(nr.dr.^maVr)à~§Y {ZXoeH$ Ed§ grB©Amo (Jmonmb _wabr ^JV)H$m¶©nmbH {ZXoeH({~énmj {_lm) H m`©nmbH {ZXoeH (dr. _wÎmwH¥ îUZ) _hmà~§YH (kmZ a§OZ gma§Jr)Cn _hmà~§YH(gw^mf Hw _ma Ho ed) Cn _hmà~§YH
ñWmZ … _§Jbyé{XZm§H … 17 ‘B©, 2019
{ZXoeH_Zrf JwßVmnr. Ho . nm§SmHo . lr{Zdmg _y{V©E_. ^Jd§V amd àXrn Hw$_ma O¡Z{MÌm Jm¡ar bmb
H¥$Vo XÎmm qgJbm EÊS H§ .gZXr boImH ma FRN-006185N(grE g§Ord AJ«dmb)gmÂmoXma gXñ` g§.503932
H¥$Vo E. Ho . g~V EÊS H§ . gZXr boImH ma FRN-321012E
(grE E. Ho . g~V)gmÂmoXma gXñ` g§. 30310
H¥$Vo à_moX EÊS Egmo{gEQ²g gZXr boImH ma FRN-001557 C
(grE a{dÝÐ amZrdmbm)gmÂmoXma gXñ` g§. 073191
H¥$Vo M§ÐZ EÊS> a_ZgZXr boImH$a FRN-000571S
(grE Eg. Or. H$ë`mUa_U)gmPoXma gXñ`Vm g§.10652
H¥$Vo Eg. am_mZ§X Aæ`a EÊS> H§$.gZXr boImH$ma FRN-000990N
(grE {~ZmoX gr. _hmamUm)gmPoXma gXñ`Vm g§.056373
211ANNUAL REPORT 2018-19
31 _mM©, 2019 H$mo g_mßV df© Ho$ {bE g_o{H$V bm^-hm{Z ImVmCONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2019
(` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARSAZwgyMr g§.Schedule
No.
31.03.2019 H$mo g_mßV df©
Year ended31.03.2019
`
31.03.2018 H$mog_mßV df©
Year ended31.03.2018
`
I. Am` INCOME
A{O©V ã`mO Interest Earned 13 15622,65,40 17628,36,00
AÝ` Am` Other Income 14 1881,43,59 2319,04,27
`moJ TOTAL 17504,08,99 19947,40,27
II. ì`` EXPENDITURE
ì`` {H$`m J`m ã`mO Interest Expended 15 10113,91,23 12789,41,83
n[aMmbZ ì`` Operating Expenses 16 3487,02,71 3201,95,68
àmdYmZ Am¡a AmH$pñ_H$VmE± Provisions and Contingencies 10228,44,94 8005,95,95
`moJ TOTAL 23829,38,88 23997,33,46
III. Ý`yZ{hV ã`mO KQ>mZo go nhbo df© H$m g_o{H$V {Zdb bm^ Consolidated Net Profi t for the year before deducting Minority Interest -6325,29,89 -4049,93,19
KQ>mE±: Ý`yZ{hV ã`mO Less: Minority Interest – –
df© hoVw J«yn H$m g_o{H$V {Zdb bm^ Consolidated Net Profi t of the Group for the year
-6325,29,89 -4049,93,19
IV. {d{Z`moJ (go/H$mo$) APPROPRIATIONS (From/To)
gm§{d{YH$ Ama{jV {Z{Y`m| _| AÝVaU Transfer to Statutory Reserves – –
H$_©Mmar H$ë`mU {Z{Y _| AÝVaU Transfer to Staff Welfare Fund – –
ny±Or Ama{jV {Z{Y`m| _| AÝVaU Transfer to Capital Reserves – –
{Zdoe Ama{jV {Z{Y`m± Investment Reserve – -106,81,61
VwbZ-nÌ _| bo Om`r JB© eof am{e Balance carried over to B/S -6325,29,89 -3943,11,58
`moJ TOTAL -6325,29,89 -4049,93,19
à{V eo`a AO©Z (`) Earning per Share (`) (30.03) (35.26)
CnamoŠV AZwgy{M`m± bm^ VWm hm{Z ImVm H$m A{^ÝZ A§J h¢&The schedules referred to above form an integral part of Profi t and Loss Account.
As per our Report of even date[P. V. Bharathi]Managing Director &Chief Executive Offi cer[Gopal Murli Bhagat]Executive Director[Birupaksha Mishra]Executive Director[V. Muthukrishnan]General Manager[Gyana Ranjan Sarangi]Deputy Gen. Manager[Subhash Kumar Keshav]Deputy Gen. ManagerPlace : MangaluruDate : 17 May, 2019
DirectorsManish GuptaP. K. PandaK. Srinivasa MurthyM. Bhagavantha RaoPradeep Kumar JainChitra Gosuri Lal
For Datta Singla & Co. Chartered Accountants FRN-006185N[CA Sanjeev Aggarwal] (M. No. 503932) Partner
For A. K. Sabat & Co.Chartered Accountants FRN-321012E[CA A. K. Sabat](M. No. 30310) Partner
For Pramod & Associates Chartered Accountants FRN-001557C [CA Ravindra Raniwala](M. No. 073191) Partner
For Chandran & RamanChartered Accountants FRN-000571S[CA S.G. Kalyanaraman](M. No. 10652) Partner
For S. Ramanand Ayar & Co. Chartered Accountants FRN-000990N [CA Binod C. Maharana](M. No. 056373) Partner
212
31 _mM©, 2019 H$s pñW{V Ho$ AZwgma g_o{H$V VwbZ-nÌ _| g§b½Z AZwgy{M`m± SCHEDULES ANNEXED TO THE CONSOLIDATED BALANCE SHEET AS AT 31st MARCH, 2019
(` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARS
31.03.2019 H$mo g_mßV df© 31.03.2018 H$mo g_mßV df©
Year Ended 31.03.2019 Year Ended 31.03.2018
` ` ` `AZwgyMr 1 – n±yOr SCHEDULE 1 – CAPITALàm{YH¥$V n±yOr AUTHORISED CAPITALàË`oH$ `2 Ho$ 1500,00,00,000 B©pŠdQ>r eo`a 1500,00,00,000 Equity Shares of `2/- each 3000,00,00 3000,00,00{ZJ©{_V Ed§ A{^XÎm n±yOr ISSUED & SUBSCRIBED CAPITALàË`oH$ `2 Ho$ 599,41,84,034 B©pŠdQ>r eo`a ({nN>bo df© _| àË`oH$ `2 Ho166,55,48,619) 599,41,84,034 Equity Shares of `2 each (Previous year 166,55,48,619 Equity Share of `2 each)àma§{^H$ eof Opening Balance 333,10,97 229,41,13df© Ho$ Xm¡amZ n[adY©Z/(OãV)/Additions/(Forfeited) during the year 865,72,71 1198,83,68 103,69,84 333,10,97
àXÎm n±yOr PAID UP CAPITALH$) Ho$ÝÐ gaH$ma Ûmam Ym[aV a) Held by Central Government àË`oH$ `2 Ho 560,47,99,271 B©pŠdQ>r eo`a ({nN>bo df© _| àË`oH$ `2 Ho
133,02,04,426 B©pŠdQ>r eo`a) 560,47,99,271 Equity Shares of `2 each (Previous year
133,02,04,426 Equity Share of `2 each)
1120,95,99 1120,95,99 266,04,09 266,04,09
I) OZVm Ed§ AÝ` Ûmam Ym[aV b) Held by the public & others àË`oH$ `2 Ho 38,93,84,763 B©pŠdQ>r eo`a ({nN>bo df© _| àË`oH$ `2 Ho 33,53,44,193 B©pŠdQ>r eo`a) 38,93,84,763 Equity Shares of `2 each (Previous year 33,53,44,193 Equity Share of `2 each)
77,87,69 67,06,88
KQ>mE±: Xo` Am~§Q>Z am{e Less : Allotment money due – – df© Ho$ Xm¡amZ OãV Forfeiture during the year – 77,87,69 – 67,06,88
`moJ TOTAL 1198,83,68 333,10,97AZwgyMr 2 – Ama{jV {Z{Y`m± Am¡a A{Yeof SCHEDULE 2 – RESERVES AND SURPLUS
I. gm§{d{YH$ Ama{jV {Z{Y`m± Statutory Reserves àma§{^H$ eof Opening Balance 3368,88,47 3368,88,47
df© Ho$ Xm¡amZ n[adY©Z Additions during the year – –
{Zdoem| na _yë`õmg hoVw A{V[aŠV àmdYmZ go {d{Z`moJ Appropriation from excess Provision of Depreciation on Investments – –
gm_mÝ` Ama{jV {Z{Y _| A§V[aV am{e Amount trfd. to Gen. Reserve – 3368,88,47 – 3368,88,47
II. ny±Or Ama{jV {Z{Y`m± Capital Reserves àma§{^H$ eof Opening Balance 1200,22,00 1200,22,00 df© Ho$ Xm¡amZ n[adY©Z Additions during the year – –
nwZ: {ZJ©_Z hoVw nmÌ OãV eo`a Forfeited shares eligible for Re-issue 1200,22,00 1200,22,00
213ANNUAL REPORT 2018-19
III. eo`a àr{_`_ Share Premium
àmapå^H$ eof Opening Balance 5170,29,94 3086,99,78
df© Ho$ Xm¡amZ n[adY©ZAdditions during the year 10911,64,57 2083,30,16
KQ>mE± : _m±J _| ~H$m`m am{e Less : Calls in Arrears – 16081,94,51 – 5170,29,94
IV. amOñd Ed§ AÝ` Ama{jV {Z{Y`m± Revenue & Other Reserves
H$) amOñd Ama{jV {Z{Y`m± a) Revenue Reserves
àmapå^H$ eof Opening Balance 3113,95,01 3096,63,72
df© Ho$ Xm¡amZ n[adY©Z Additions during the year 19,25,54 17,31,28
3133,20,54 3113,95,00
df© Ho$ Xm¡amZ H$Q>m¡{V`m± Deductions during the year – 3133,20,54 – 3113,95,00
I) {deof Ama{jV {Z{Y`m± b) Special Reserve
àmapå^H$ eof Opening Balance 1436,60,74 1436,60,74
df© Ho$ Xm¡amZ n[adY©Z Additions during the year – –
H$m°n© ~¢H$ hmo_ go A§VaU Transferred from Corp Bank Homes – –
df© Ho$ Xm¡amZ H$Q>m¡{V`m± Deductions during the year – 1436,60,74 – 1436,60,74
J) {Zdoe Ama{jV {Z{Y c) Investment Reserve
àmapå^H$ eof Opening Balance – 106,81,61
bm^-hm{Z {d{Z`moJ ImVo go A§VaU Transfer from Profi t and Loss Appropriation Account – -106,81,61
– – – –
V. ^y{_ Am¡a ^dZ Ho$ nwZ_y©ë`m§H$Z hoVw Ama{jV {Z{Y Reserve for Revaluation of Land and Building
àmapå^H$ eof Opening Balance 646,81,55 663,27,86
df© Ho$ Xm¡amZ n[adY©Z Addition during the year 274,61,95 –
KQ>mE± : df© Ho$ Xm¡amZ AmhaU Less: Withdrawal during the year 19,25,54 902,17,96 16,46,31 646,81,55
VI. bm^ hm{Z ImVo _| eof Balance of P & L Account -10707,36,70 -4382,06,79
`moJ TOTAL (I+II+III+IV+V+VI) 15415,67,51 10554,70,91
{ddaU PARTICULARS
31.03.2019 H$mo g_mßV df© 31.03.2018 H$mo g_mßV df©
Year Ended 31.03.2019 Year Ended 31.03.2018
` ` ` `
g_o{H$V Consolidated ( ` 000’s hQ>mH$a Omitted)
214
g_o{H$V Consolidated ( ` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARS31.03.2019 H$mo g_mßV df© Year Ended 31.03.2019
`
31.03.2018 H$mo g_mßV df© Year Ended 31.03.2018
`
AZwgyMr 3 – O_mam{e`m± SCHEDULE 3 – DEPOSITS
H$ A. I. _m±J O_mam{e`m± Demand Deposits
i) ~¢H$m| go From Banks 31,69,15 22,71,85
ii) AÝ`m| go From Others 16164,32,84 14675,77,85
II. ~MV ~¢H$ O_mam{e`m± Savings Bank Deposits 42106,72,01 39424,40,64
III. _r`mXr O_mam{e`m± Term Deposits
i) ~¢H$m| go From Banks 164,33,67 176,24,70
ii) AÝ`m| go From Others* 126097,03,03 129009,89,55
`moJ TOTAL (I, II d & III) 184564,10,70 183309,04,59
I B. i) ^maV _| pñWV emImAm| H$s O_mam{e`m± Deposits of branches in India
184564,10,70 183309,04,59
ii) ^maV Ho$ ~mha H$s emImAm| H$s O_mam{e`m± Deposits of Branches outside India
–
–
`moJ TOTAL 184564,10,70 183309,04,59
* {Og_| em{_b h¢ H$mn©JmoëS> O_mam{e`m± which includes Corpgold Deposits 13,97,98 14,88,80
E\$grEZAma O_mam{e`m± FCNR Deposits 1527,77,14 1574,97,47
AZwgyMr 4 – CYma am{e`m± SCHEDULE 4 – BORROWINGS
I. ^maV _| CYma am{e`m± Borrowings in India
i) ^maVr` [aµOd© ~¢H Reserve Bank of India 425,00,00 8750,00,00
ii) AÝ` ~¢H$ Other Banks 4282,94,46 6479,27,78
iii) AÝ` g§ñWmE± Ed§ EO|{g`m± Other Institutions and Agencies 86,31,06 104,30,59
iv) Ama{jV ~m§S>/AmB©nrS>rAmB© Am¡a AYrZñW F$UUnsecured Bonds/IPDI and Subordinated Debts*
3600,00,00 6837,50,00
`moJ TOTAL 8394,25,52 22171,08,37
II. a) ^maV Ho$ ~mha CYma am{e`m± Borrowings outside India – –
`moJ TOTAL (I d & II) 8394,25,52 22171,08,37
CnamoŠV I & II _| g_m{hV gwa{jV CYma Secured borrowings included in I & II above
* g{hV Includes
Agwa{jV {d_moÀ` ~m§S> (Q>r`a-II) Unsecured Redeemable Bonds (Tier II) 3100,00,00 4300,00,00
Q>r`a-I ~o_r`mXr ~m§S Tier I Perpetual Bonds 500,00,00 737,50,00
A{V[aŠV Q>r`a-I {garO II Additional Tier I Series II – –
A{V[aŠV Q>r`a-I ~o_r`mXr ~m§S Additional Tier I Perpetual Bonds – 1800,00,00
215ANNUAL REPORT 2018-19
g_o{H$V Consolidated ( ` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARS31.03.2019 H$mo g_mßV df© Year Ended 31.03.2019
`
31.03.2018 H$mo g_mßV df© Year Ended 31.03.2018
`
AZwgyMr 5 – AÝ` Xo`VmE± Ed§ àmdYmZ SCHEDULE 5 – OTHER LIABILITIES AND PROVISIONS
I. Xo` {~b Bills payable 487,96,95 1137,99,46
II. AÝVa-H$m`m©b` g_m`moOZ ({Zdb) Inter-Offi ce adjustments (net) 114,83,76 –
III. Cn{MV ã`mO Interests accrued 774,64,95 773,55,62
IV. AmñW{JV H$a Xo`Vm Deferred Tax Liability – –
V. AÝ` (àmdYmZm| g{hV)* Others (including provisions)* 2673,78,40 3646,68,05
`moJ TOTAL 4051,24,06 5558,23,13
* _mZH$ AmpñV`m| Ho$ ~Xbo AmH$pñ_H$ àmdYmZ em{_b * Includes contingent provisions against standard assets 740,23,78 559,71,25
AZwgyMr 6 – ZH$Xr Am¡a ^maVr` [a‹Od© ~¢H$ _| eof SCHEDULE 6 – CASH AND BALANCES WITH RESERVE BANK OF INDIA
I. hñVJV amoH$‹S> ({dXoer _wÐm ZmoQ>m|> Am¡a JmoëS> g{hV) Cash in hand (including foreign currency notes and Gold) 1083,77,46 1234,33,56
II. ^maVr` [aµOd© ~¢H$ Ho$ nmg eof Balances with the Reserve Bank of India in
- Mmby ImVm§o Current Accounts 7202,29,45 8705,81,88
- AÝ` ImVm§o Other Accounts 1375,00,00 1200,00,00
`moJ TOTAL (I, II d & III) 9661,06,91 11140,15,44
AZwgyMr 7 – ~¢H$m| _| eof Ed§ _m±J VWm Aën gyMZm na am{e SCHEDULE 7 – BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICES
I. ^maV _| In India
i) ~¢H$m| _| eof Balances with Banks
H$ a) Mmby ImVm| _| In Current Accounts 73,19,35 143,38,04
I b) AÝ` O_m ImVm| _| In Other Deposit Accounts 37,79 30,02
ii) _m±J Ed§ Aën gyMZm na YZ Money at Call and Short Notice
H$ a) ~¢H$m| _| with Banks – –
I b) AÝ` g§ñWmAm| _| with other Institutions – –
`moJ TOTAL (i+ii) 73,57,14 143,68,06
II. ^maV Ho$ ~mha Outside India
i) Mmby ImVm| _| In Current Accounts – 34,21,92
ii) AÝ` O_m ImVm| _| In Other Deposit Accounts 2835,48,30 20
iii) _m§J Am¡a Aën gyMZm na YZ Money at Call and Short Notice Nil Nil
`moJ TOTAL (i+ii+iii) 2835,48,30 34,22,12
gH$b `moJ GRAND TOTAL (I d & II) 2909,05,44 177,90,18
216
g_o{H$V Consolidated ( ` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARS31.03.2019 H$mo g_mßV df© Year Ended 31.03.2019
`
31.03.2018 H$mo g_mßV df© Year Ended 31.03.2018
`
AZwgyMr 8 – {Zdoe SCHEDULE 8 – INVESTMENTS ^maV _| {Zdoe (gH$b) Investment in India (Gross) 61254,58,04 71518,29,37
KQ>mE±: _yë`õmg Ho$ {bE àmdYmZ Less: Provision for depreciation 1235,96,66 1139,01,69 {Zdb {Zdoe Net Investments 60018,61,38 70379,27,68 I. ^maV _| {Zdoe Investments in India in i) gaH$mar à{V^y{V`m± Government Securities 41474,56,08 58173,35,57
ii) AÝ` AZw_mo{XV à{V^y{V`m± Other Approved Securities 99,61 1,49,39
iii) eo`a Shares 246,37,87 466,06,45
iv) {S>~|Ma Am¡a ~m§S> Debentures and Bonds 2471,85,58 3169,63,13
v) gh`mo{J`m| _| {Zdoe Investments in Associates – –
vi) AÝ` Others
H$ a) O_m à_mUnÌ Certifi cate of Deposit 580,15,16 3101,92,16
I b) dm{UpÁ`H$ nÌ Commercial Paper 93,17,10 1883,98,00
J c) å`yMwAb \§$S>m| H$s `y{ZQ>| Units of Mutual Funds 13,42,05 23,88,53
K d) d|Ma n§yOr {Z{Y`m§ Venture Capital Funds 72,88,11 78,43,02
L> e) gaH$mar {deof à{V^y{V`m±Government Special Securities 14926,57,16 3340,34,30
M> f ) à{V^y{V àmpßV`m± Security Receipts 138,08,48 139,62,95 moJ TOTAL 60018,07,20 70378,73,50
II. ^maV Ho$ ~mha {Zdoe – pñdâQ> _| Investments outside India – In Swift 54,18 54,18
`moJ TOTAL (I d & II) 60018,61,38 70379,27,68
AZwgyMr 9 – A{J«_ SCHEDULE 9 – ADVANCES
H$ A. i) IarXo Ed§ ^wZm`o J`o {~b Bills purchased and discounted 931,80,63 1680,15,72
ii) ZH$X CYma, AmodaS´>mâQ> Ed§ _m±J na à{Vg§Xo` F$U Cash Credits, Overdrafts and Loans Repayable on Demand 41619,71,21 42300,61,30
iii) _r`mXr GU Term Loans 78699,69,08 75888,06,69
`moJ TOTAL 121251,20,92 119868,83,71I B. i) _yV© AmpñV`m| Ûmam à{V^yV (~hr G$Um| na A{J«_ g{§§hV) Secured by Tangible Assets (includes Advances against book debts)
95914,76,45 106030,83,48
ii) ~¢H$/gaH$mar Jma§{Q>`m| Ûmam a{jV Covered by Bank/Government Guarantees 10,61,47 35,92,33
iii) J¡a-O_mZVr Unsecured 25325,83,00 13802,07,90 `moJ TOTAL 121251,20,92 119868,83,71J C. I. ^maV _| A{J«_ Advances in India i) àmW{_H$Vm àmßV joÌ Priority Sector 49505,99,46 54623,03,26 ii) gmd©O{ZH$ joÌ Public Sector 10328,63,88 1029,96,41 iii) ~¢H$ Banks – – iv) AÝ` Others 61416,57,58 64215,84,04 `moJ TOTAL 121251,20,92 119868,83,71J C. II. ^maV Ho$ ~mha A{J«_ Advances outside India Nil Nil
gH$b `moJ GRAND TOTAL (J C. I d & J C. II) 121251,20,92 119868,83,71
217ANNUAL REPORT 2018-19
g_o{H$V Consolidated ( ` 000’s hQ>mH$a Omitted)
{ddaU PARTICULARS31.03.2019 H$mo g_mßV df© Year Ended 31.03.2019
`
31.03.2018 H$mo g_mßV df© Year Ended 31.03.2018
`
AZwgyMr 10 – AMb AmpñV`m±SCHEDULE 10 – FIXED ASSETS
I. n[aga Premises
{nN>bo df© H$s 31 _mM© H$s pñW{V Ho$ AZwgma bmJV na At cost as on 31st March of the preceding year 924,01,08 923,47,53
df© Ho$ Xm¡amZ n[adY©Z Additions during the year 278,80,22 59,10
1202,81,30 924,06,63
df© Ho$ Xm¡amZ H$Q>m¡{V`m± Deductions during the year 9,83,52 5,55
1192,97,78 924,01,08
`Wm {V{W _yë`õmg Depreciation to date 151,42,90 132,76,13
1041,54,88 791,24,95
OmoS>|: ny°§OrJV Mmby H$m`© Add: Capital Work in progress 4,29,26 1045,84,14 69,50 791,94,45
II. AÝ` AMb AmpñV`m± (Bg_| \$ZuMa Am¡a Ow‹S>Zma gpå_{bV h¡|) Other Fixed Assets (including furniture & fi xtures)
{nN>bo df© H$s 31 _mM© H$s pñW{V Ho$ AZwgma bmJV na At cost as on 31st March of the preceding year 1417,12,24 1356,30,11
df© Ho$ Xm¡amZ n[adY©Z Additions during the year 57,52,75 78,16,07
1474,64,99 1434,46,18
df© Ho$ Xm¡amZ H$Q>m¡{V`m± Deductions during the year 19,50,28 17,33,94
1455,14,72 1417,12,24
`Wm {V{W _yë`õmg Depreciation to date 1137,96,62 1040,50,62
317,18,10 376,61,62
OmoS>|: ny§OrJV Mmby H$m`© Add: Capital Work in progress 11,05 317,29,15 43,90 377,05,52
III. A_yV© AmpñV`m± (H$åß`yQ>a gm°âQ>do`a) Intangible Assets (Computer Software)
{nN>bo df© H$s 31 _mM© H$s pñW{V Ho$ AZwgma bmJV na At cost as on 31st March of the preceding year 243,11,16 205,59,23
df© Ho$ Xm¡amZ n[adY©Z Additions during the year 37,04,08 37,52,31
280,15,24 243,11,54
df© Ho$ Xm¡amZ H$Q>m¡{V`m± Deductions during the year 9,48,94 38
270,66,30 243,11,16
`Wm {V{W _yë`õmg Depreciation to date 211,88,04 58,78,26 182,79,62 60,31,54
moJ TOTAL (I+ II+III) 1421,91,55 1229,31,51
218
g_o{H$V Consolidated (` 000’s hQ>mH$a Omitted)
{ddaU Particulars31.03.2019 H$mo g_mßV df©Year Ended 31.03.2019
`
31.03.2018 H$mo g_mßV df©Year Ended 31.03.2018
`
AZwgyMr 11 – AÝ` AmpñV`m±SCHEDULE 11 – OTHER ASSETS
i. A§Va H$m`m©b` g_m`moOZ ({Zdb)inter Office adjustments (Net) – 652,19,67
ii. Cn{MV ã`mO interest accrued 1706,06,38 1409,35,76
iii. _¡Q> O_m CnbãYVm Mat credit availability 655,28,45 662,12,81
iV. nyd©g§XÎm H$a/òmoV na H$mQ>m J`m H$a tax paid in advance/tDs 291,43,30 272,05,92
V. H|$Ðr` _yë` `mo{OV H$a O_mcenvat credit 39,81,19 34,02,05
Vi. {ddmX Ho$ VhV àXÎm H$ataxes paid under Dispute 2927,45,72 1837,01,65
Vii. boIZ gm_J«r Ed§ ñQ>mån stationery and stamps 4,78,60 4,82,91
Viii. Xmdm| Ho$ emoYZ _| àmßV J¡a-~¢qH$J AmpñV`m±Non-banking assets acquired in satisfaction of claims 9,44 9,44
iX. AmñW{JV H$a AmpñV Deferred tax asset 5446,26,73 3706,18,80
X. AmaAmB©S>rE\$/{gS>~r/AmaEMS>rE\$ O_mAm| Ho$ VhV Zm~mS>© _| {Zdoeinvestment with NaBarD under riDF/siDBi/rHDF Dep. 5918,77,72 7555,02,84
Xi. AÝ` Others 1372,27,74 2997,77,60
`moJ TOTAL 18362,25,27 19130,69,45
AZwgyMr 12 – AmH$pñ_H$ Xo`VmE±SCHEDULE 12 – CONTINGENT LIABILITIES
i. ~¢H$ Ho$ {déÕ Xmdo {OÝh| H$O© Ho$ ê$n _| ñdrH$ma Zht {H$`m J`mclaims against the bank not acknowledged as debts 3232,79,24 2310,44,77
ii. S>rBEE\$ - ^m[a~¢$ Ho$ nmg eofDEaF - Balance with rBi 116,56,16 99,66,99
iii. à{Vd{V© aonmo na IarXr JB© à{V^y{Vsecurities Purchased under reverse repo 6246,42,42 1200,00,04
iV. H$) ~H$m`m dm`Xm {dXoer {d{Z_` g§{dXmAm| Ho$ ~m~V Xo`Vm a. liability on account of outstanding forward exchange contracts 36004,23,88 58493,84,44
I) ì`wËnÝZr B. Derivatives 924,00,00 72,60,00
V. g§KQ>H$m| H$s Amoa go Xr JB© Jma§{Q>`m± Guarantees given on behalf of constituents
H$ a) ^maV _| in india 11583,83,58 14530,82,67
I b) ^maV Ho$ ~mha outside india 223,25,88 1561,83,49
Vi. ñdrH¥${V`m±, n¥ð>m§H$Z Ed§ AÝ` ~mÜ`VmE±acceptances, endorsements and other obligations 4189,45,19 8933,60,32
Vii. AÝ` _X| {OZHo$ {bE ~¢H$ AmH$pñ_H$ ê$n go CÎmaXm`r h¡Other items for which the Bank is contingently liable 105,06,62 153,75,12
`moJ TOTAL 62625,62,97 87356,57,84
219ANNUAL REPORT 2018-19
g_o{H$V Consolidated (` 000’s hQ>mH$a Omitted)
{ddaU Particulars31.03.2019 H$mo g_mßV df©Year Ended 31.03.2019
`
31.03.2018 H$mo g_mßV df©Year Ended 31.03.2018
`
AZwgyMr 13 – A{O©V ã`mOSCHEDULE 13 – INTEREST EARNED
i. A{J«_m|/{~bm| na ã`mO/~Q²>Q>minterest/Discount on advances/bills 10992,61,82 11471,23,57
ii. {Zdoem| na Am` income on investments 4120,20,01 5164,38,96
iii. ^maVr` [aµOd© ~¢H$ _| O_mam{e`m| Am¡a AÝ` A§Va-~¢H$ {Z{Y`m| na ã`mOinterest on balances with reserve Bank of india andother inter-bank Funds 22,85,31 81,70,14
iV. AÝ` Others 486,98,26 911,03,33
`moJ TOTAL 15622,65,40 17628,36,00
AZwgyMr 14 – AÝ` Am` SCHEDULE 14 – OTHER INCOME
i. H$_reZ, {d{Z_` Ed§ Xbmbrcommission, exchange and brokerage 316,27,23 362,75,22
ii. {Zdoem| H$s {~H«$s na bm^ ({Zdb)Profit on sale of investments (net) -80,92,51 735,83,13
iii. ^y{_, ^dZm| Ed§ AÝ` AmpñV`m| H$s {~H«$s na bm^ ({Zdb)Profit on sale of land, buildings and other assets (net)
-1,49,49
45,07
iV. {d{Z_` boZ-XoZm| na bm^ ({Zdb)Profit on exchange transactions (net) 99,18,07 161,06,59
V. AZwf§{J`m|/H§$n{Z`m| go bm^m§e Am{X Ho$ ê$n _| A{O©V Am`income earned by way of dividends, etc. from subsidiaries/companies 3,32,66 5,92,17
Vi. {d{dY Am` Miscellaneous income 1545,07,63 1053,02,09
`moJ TOTAL 1881,43,59 2319,04,27
AZwgyMr 15 – ì`` {H$`m J`m ã`mOSCHEDULE 15 – INTEREST EXPENDED
i. O_mam{e`m| na ã`mO interest on deposits 9499,99,05 11638,51,55
ii. ^maVr` [aµOd© ~¢H$/A§Va-~¢H$ CYmam| na ã`mOinterest on reserve Bank of india/inter-bank borrowings 119,61,64 221,07,82
iii. AÝ` Others 494,30,54 929,82,46
`moJ TOTAL 10113,91,23 12789,41,83
220
g_o{H$V Consolidated (` 000’s hQ>mH$a Omitted)
{ddaU Particulars31.03.2019 H$mo g_mßV df©Year Ended 31.03.2019
`
31.03.2018 H$mo g_mßV df©Year Ended 31.03.2018
`
AZwgyMr 16 – n[aMmbZ ì`` SCHEDULE 16 – OPERATING EXPENSES
i. H$_©Mm[a`m| H$mo ^wJVmZ Am¡a CZHo$ {bE àmdYmZPayment to and provisions of employee 1747,47,00 1593,43,39
ii. {H$am`m, H$a Ed§ {~Obr rent, taxes and lighting 318,39,70 308,50,38
iii. _wÐU Ed§ boIZ-gm_J«r Printing and stationery 22,00,44 22,38,63
iV. {dkmnZ Ed§ àMma advertisement and Publicity 3,08,67 3,10,37
V. ~¢H$ H$s g§n{Îm na _yë`õmg Depreciation on bank’s property 176,54,38 175,41,49
Vi. {ZXoeH$m| H$s \$sg, ^Îmo Am¡a ì`` Directors’ fees, allowances and expenses 33,32 75,93
Vii. boIm narjH$m| H$s \$sg Ed§ ì`` (emIm boIm narjH$m| g{hV)auditors’ fees and expenses (including branch auditors) 25,04,34 25,86,24
Viii. {d{Y à^ma law charges 6,04,25 3,11,73
iX. S>mH$ IM©, Vma, Q>obr\$moZ Am{X Postages, telegrams, telephones, etc. 77,55,70 64,94,74
X. _aå_V Ed§ AZwajU repairs and maintenance 115,81,08 113,42,90
Xi. ~r_m insurance 235,62,59 258,73,28
Xii. AÝ` ì`` Other expenditure 759,11,24 632,26,60
`moJ TOTAL 3487,02,71 3201,95,68
221ANNUAL REPORT 2018-19
Schedule 17
SIGNIFICANT ACCOUNTING POLICIES FORMING PART OF THE
CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED MARCH 31, 2019
1. Principles of Consolidation The Consolidated Financial Statements include the
fi nancial statements of Corporation Bank (‘the Bank’) and its subsidiary Corpbank Securities Limited.
The fi nancial statements of the Bank and its subsidiary have been combined on a line by line basis by adding together the book values of like items of assets, liabilities, income and expenses, after eliminating intra group balances and intra group transactions, except wherever otherwise stated.
2. Basis of Preparation The consolidated fi nancial statements of the Bank and
its subsidiary have been prepared in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India.
The fi nancial statements have been prepared and presented under the historical cost convention on accrual basis of accounting unless otherwise stated and except for items recognized on cash basis, as per guidelines issued by the Reserve Bank of India [‘RBI’] and comply with the Accounting Standards issued by the Institute of Chartered Accountants of India and relevant requirements prescribed under the Banking Regulation Act, 1949 and the Companies Act, 2013, and current practices prevailing in the banking industry in India.
The preparation of fi nancial statements in conformity with Generally Accepted Accounting Principles [GAAP] requires the Management to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) as of the date of the fi nancial statements and the reported income and expenses during the reporting period. The Management believes that the estimates used in the preparation of the fi nancial statements are prudent and reasonable. Actuals could differ from these estimates.
The following subsidiary has been consolidated as per the Accounting Standard 21, “Consolidated Financial Statements”:
Name of the Company
Country / Residence
Relationship Ownership Interest
Corpbank Securities Limited
India Subsidiary 100%
The subsidiary company fi gures are regrouped to conform with those of the Bank, wherever necessary.
The subsidiary has used accounting policies other than those adopted by the Bank, in certain cases, for like transactions
AZwgyMr 17
_hËdnyU© boIm§H Z Zr{V`m± Omo 31 _mM©, 2019 H$moo g_mßV df© Ho g_o{H V boImo§ H$m A§J h¢
1. g_oH Z Ho {gÕm§V
g_o{H$V {dÎmr` {ddaUmo§ _o§ H$mnmo©aoeZ ~¢H$ (~¢H$) Am¡a CgH$s AZwf§Jr H$mn©~¢H$ goŠ`y[aQrµO {b. Ho {dÎmr` {ddaU em{_b h¢&
~¢H$ Am¡a BgH$s AZwf§Jr H$m {dÎmr` {ddaU A§Vam-g_yh eofmo§ Am¡a A§Vam-g_yh boZXoZmo§ H$mo, AÝ`Wm Cp„{IV Ho {gdm`, nyU©V… {Za{gV H$aZo Ho ~mX AmpñV`mo§, Xo`VmAmo§, Am` Ed§ ì`` O¡gr _Xmo§ Ho ~hr _yë`mo§ H$mo gmW Omo‹SH$a n§{º-Xa-n§{º AmYma na EH$ gmW {_bm`m J`m h¡&
2. V¡`ma H$aZo H m AmYma
~¢H$ Am¡a BgH$s AZwf§Jr Ho g_o{H$V {dÎmr` {ddaU ^maVr` gZXr boImH$ma g§ñWmZ Ûmam Omar boIm§H$Z _mZH$ Ûmam Omar ñdrH¥ V boIm§H$Z {gÕm§Vmo§ Ho AZwê$n V¡`ma {H$`o J`o h¢&
{dÎmr` {ddaU boIm§H$Z Ho Cn{MV AmYma na Eo{Vhm{gH$ bmJV na§nam Ho VhV V¡`ma VWm àñVwV {H$E JE h¢, VWm AÝ`Wm Cp„{IV Ho {gdm` VWm ^maVr` [aµOd© ~¢H$ (^m.[a.~¢.) Ûmam Omar {Xem{ZXo©emo§ Ho AZwgma ZH$Xr AmYma na {ZYm©[aV _Xmo§ Ho Abmdm `o ^maVr` gZXr boImH$ma g§ñWmZ Ûmam Omar boIm _mZH$mo§ VWm ~¢qH$J {d{Z`_Z A{Y{Z`_, 1949 VWm H§$nZr A{Y{Z`_, 2013 Ho VhV {ZYm©[aV g§~§{YV AnojmAmo§ VWm ^maV _o§ ~¢qH$J CÚmoJ _o§ àM{bV dV©_mZ ar{V`mo§ Ho AZwê$n h¢&
gm_mÝ` ê$n go ñdrH¥$V boIm§H$Z {gÕm§Vmo§ (J¡n) Ho AZwê$n {dÎmr` {ddaUmo§ H$mo V¡`ma H$aZo _o§ à~§YZ dJ© go Ano{jV hmoVm h¡ {H$ {dÎmr` {ddaUmo§ Ho {XZm§H$ `Wm {dÚ_mZ [anmoQ© H$s JB© AmpñV`mo§ d Xo`VmAmo§ (AmH$pñ_H$ Xo`VmAmo§ g{hV) H$s am{e VWm [anmoQm©YrZ Ad{Y Ho Xm¡amZ [anmoQ© H$s JB© Am` d ì``mo§ na àm¸ bZ d AZw_mZ H$ao§& à~§YZ dJ© H$m _mZZm h¡ {H$ {dÎmr` {ddaU V¡`ma H$aZo _o§ à`wº àm¸ bZ {ddoH$nyU© Ed§ VH©$ g§JV h¢& dmñV{dH$ Am§H$‹So BZ àm¸ bZmo§ go {^Þ hmo gH$Vo h¢&
{ZåZ{b{IV AZwf§Jr H$mo boIm§H$Z _mZH$ 21 "g_o{H$V {dÎmr` {ddaU' Ho AZwgma g_o{H$V {H$`m J`m h¡…
H§ nZr H m Zm_ Xoe/{Zdmg g§~§Y ñdm{_Ëd {hV
H mn© ~¢H {gŠ`w[aQrµO {b{_QoS
^maV AZwf§Jr 100%
AZwf§Jr Ho {dÎmr` {ddaUmo§ H$mo Amdí`H$VmZwgma ~¢H$ Ho Am§H$‹S>mo§ Ho gmW nwZg©_y{hV {H$`m J`m h¡&
AZwf§Jr Zo Hw N _m_bmo§ _o§ g_mZ boZXoZ Ed§ EH$ hr àH$ma H$s n[apñW{V`mo§ Ho _m_bo _o§ ~¢H$ Ûmam AnZmB© JB© boImH$Z Zr{V`mo§ go {^Þ boIm§H$Z Zr{V
222
and events in similar circumstances. No adjustments have been made to the fi nancial statements of the subsidiary, when they are used in preparing the consolidated fi nancial statements.
The fi nancial statements of the subsidiary used in the consolidation are drawn up to the same reporting date as that of the parent company i.e. year ended March 31, 2019.
3. REVENUE RECOGNITION
a. Banking Entity:
i) Income is recognized on an accrual basis except:1. Commission on Bank Guarantees and Letters
of Credit; arrangement of suppliers/buyers Credit; and Locker rent which are recognized on receipt basis.
2. Interest income on Non-Performing advances and investments, and securities guaranteed by Central Government where interest is not realized within 90 days is recognized on receipt basis.
3. Interest on Income-tax refunds is accounted for on receipt of Intimation order from the Income Tax Department.
ii) Profi t or loss on sale of investments is recognized in the Profi t and Loss Account on settlement basis at the time of sale except the realized profi t on sale of investments in 'Held to Maturity' category which is recognized in the profi t and loss account and subsequently appropriated to capital reserve account in accordance with the RBI guidelines.
iii) Brokerage/commission/incentives received on Bank’s direct subscriptions are deducted from the cost of securities, whereas brokerage paid in connection with acquisition of securities is treated as revenue expenditure.
iv) The broken period interest on sale or purchase of securities is treated as revenue item.
b. Non-Banking Entity: i) Interest accrued on Dated Government Securities
is recognized at its coupon rate. ii) Purchase and sale price of fi xed income securities
is bifurcated into cost and accrued interest paid or realized. Amount paid as interest accrued on purchase and received on sale of fi xed income securities (Broken period interest) is netted and reckoned as income/expense.
iii) Profi t/loss on sale of securities is accounted on Weighted Average Price Method (WAP) and is recognized on settlement date.
H$m à`moJ {H$`m h¡& g_o{H$V {dÎmr` {ddaUmo§ H$mo V¡`ma H$aZo Ho {bE Cn`moJ H$aVo g_` AZwf§Jr Ho {dÎmr` {ddaUmo§ _o§ H$moB© g_m`moOZ Zht {H$`m J`m h¡&
g_oH$Z _o§ à`wº, AZwf§Jr Ho {dÎmr` {ddaU _yb H§$nZr Ho [anmo{Q>ªJ {XZm§H$ AWm©V² 31 _mM© 2019 VH$ Ho hr h¢&
3. Am` {ZYm©aU
H ) ~¢qH J g§ñWm…
i) {ZåZ H$mo Nmo‹SH$a Cn{MV AmYma na Am` H$mo {ZYm©[aV {H$`m J`m h¡…
1. ~¢H$ Jma§{Q`mo§ Ed§ gmI nÌ, Amny{V©H$Vm©/H«o$Vm G$U H$s ì`dñWm na H$_reZ; VWm bm°H$a {H$am`m Omo àmpßV AmYma na {ZYm©[aV {H$`m J`m h¡&
2. J¡a-{ZînmXH$ A{JŒ_mo§ VWm {Zdoemo§ na ã`mO Am` VWm Ho§ Ð gaH$ma Ûmam Jma§QrH¥ V à{V^y{V`mo§ na ã`mO Am`, {OZHo {bE 90 {XZmo§ Ho A§Xa ã`mO dgyb Zht hmoVm h¡, àmpßV AmYma na {ZYm©[aV H$s JB© h¡&
3. Am`-H$a dmn{g`mo§ na ã`mO H$m boIm§H$Z Am`H$a {d^mJ go gyMZm AmXoe àmßV hmoZo na {H$`m J`m h¡&
ii) "n[an¹Vm VH$ Ym[aV' àdJ© _o§ {Zdoemo§ H$s {~H«$s na àmßV bm^, {Ogo bm^-hm{Z boIo _o§ {ZYm©[aV {H$`m J`m h¡ VWm VXZ§Va ^m.[a.~¢. Ho {Xem{ZXo©emo§ Ho AZwgma Ama{jV ny±Or ImVo _o§ {d{Z`mo{OV {H$`m J`m h¡, H$mo Nmo‹SH$a {Zdoe H$s {~H«$s na bm^ `m hm{Z H$mo {~H«$s Ho g_` {ZnQmZ AmYma na bm^-hm{Z boIo _o§ {ZYm©[aV {H$`m J`m h¡&
iii) ~¢H$ Ho àË`j A§eXmZ na àmßV Xbmbr/H$_reZ/àmoËgmhZ am{e H$mo à{V^y{V`mo§ H$s bmJV go H$mQm J`m h¡, O~{H$ à{V^y{V`mo§ Ho AO©Z hoVw àXÎm Xbmbr H$mo amOñd ì`` Ho ê$n _o§ _mZm J`m h¡&
iv) à{V^y{V`mo§ Ho H«$` `m {dH«$` na I§{SV Ad{Y-ã`mO H$mo amOñd _X Ho ê$n _o§ _mZm J`m h¡&
I) J¡a-~¢qH J g§ñWm…
i) {XZm§{H$V gaH$mar à{V^y{V`mo§ na Cn{MV ã`mO H$mo CgH$s Hy$nZ Xa na {ZYm©[aV {H$`m OmVm h¡&
ii) pñWa Am` à{V^y{V`mo§ H$s IarX Ed§ {~H«$s _yë` H$mo bmJV Am¡a àXÎm Ed§ dgyb Cn{MV ã`mO Ho ê$n _o§ {d^m{OV {H$`m OmVm h¡& pñWa Am` à{V^y{V`mo§ H$s IarX na Cn{MV `m {~H«$s na àmßV ã`mO (I§{SV Ad{Y ã`mO) Ho ê$n _o§ àXÎm am{e H$m {Zdb {ZH$mbm J`m Am¡a Am`/ì`` Ho ê$n _o§ _mZm OmVm h¡&
iii) à{V^y{V`mo§ H$s {~H«$s na bm^/hm{Z, ^m[aV Am¡gV _yë` nÕ{V (Sãë`yEnr) na n[aH${bV H$s OmVr h¡ Am¡a {ZnQmZ VmarI H$mo BgH$m {ZYm©aU {H$`m OmVm h¡&
223ANNUAL REPORT 2018-19
iv) Commission on the business done as intermediaries is recognised on accrual basis.
v) Revenue from brokerage business is recognised on the basis of the confi rmed Contract note of the trade.
vi) Interest on investments is recognised on accrual basis. Dividend income on investments in the Units of Mutual Funds and on equity shares is recognised on the basis of declaration of the same.
4. ADVANCESa) Advances are classifi ed into standard, sub-standard,
doubtful and loss assets in accordance with the guidelines issued by the RBI and are stated net of specifi c provisions made towards Non-Performing Advances [‘NPAs’].
b) Credit Card dues are identifi ed as NPAs where minimum dues receivable as mentioned in the statement are in default for a continuous period of more than 90 days from the payment due date mentioned in statement. Income from non-performing card accounts is not recognized in fi nancial statements.-
c) Provisions for sub-standard, doubtful and loss advances are made on the basis of asset classifi cation and provisioning requirements under the prudential norms laid down by the RBI.
d) Partial recoveries in non-performing advances will be appropriated account wise (not party-wise) in the following order of priority:
i. Expenditure/out of pocket expenses incurred for recovery,
ii. Interest irregularities/accrued interest, and
iii. Principal irregularities i.e. Principal outstanding in the account.
e) In case of non-performing advances involving compromise settlements, the recoveries may be adjusted fi rst towards principal.
The adjustment of the recoveries as per sanction terms of competent Authority /NCLT/Judiciary.
In case of non-performing advances involving compromise settlements, the adjustment of recoveries may be adjusted fi rst towards principal then to interest if recovery is over and above the Principal amount.
f ) General provision for Standard Assets made in accordance with RBI Guidelines is included under “Other Liabilities & Provisions-others”.
Restructured Accounts: For restructured advances, provisions for erosion in fair value of loan are made in accordance with the guidelines issued by the RBI, in addition to the provisions otherwise required. The provision for erosion in fair value of advance is not reduced from advances and is included in the Balance Sheet under the head “Other Liabilities & Provisions-Others”.
iv) _Ü`dVr© Ho$ ê$n _o§ {H$E JE H$mamo~ma na H$_reZ/Xbmbr H$m {ZYm©aU C{MV AmYma na am{e {ZYm©[aV hmoZo Ho ~mX CnM` AmYma na {H$`m OmVm h¡&
v) ~ŒmoH$aoO ì`dgm` go àmßV amOñd H$mo ì`dgm` Ho nwîQ g§{dXm ZmoQ Ho AmYma na {b`m OmVm h¡&
vi) {Zdoemo§ na ã`mO H$m {ZYm©aU CnM` AmYma na {H$`m OmVm h¡& å`yMwAb \§$Smo§ H$s `y{ZQmo§ _o§ {Zdoe na bm^m§e Am` CZH$s KmofUm Ho AmYma na {ZYm©[aV H$s OmVr h¡&
4. A{J«_
H ) A{JŒ_o§ H$mo ^m.[a.~¢. Ûmam Omar {Xem{ZXoemo§ Ho AZwgma _mZH$, Ad_mZH$, g§{X½Y VWm hm{Z AmpñV`mo§ _o§ dJr©H¥ V {H$`m J`m h¡ VWm J¡a-{ZînmXH$ A{JŒ_mo§ (EZnrE) Ho {bE {H$E JE {Z{X©îQ àmdYmZ Ho {Zdb Ho ê$n _o§ Xem©`m J`m h¡&
I) HŒo {SQ H$mS© ~H$m`mo§ H$mo Cg pñW{V _o§ EZnrE Ho ê$n _o§ {d{Z{X©îQ {H$`m J`m h¡ Ohm± Ý`yZV_ àmß` ~H$m`m am{e bJmVma 90 {XZ go A{YH$ Ad{Y go MyH$ _o§ ahr h¡& J¡a-{ZînmXH$ H$mS© ImVmo§ go Am` {dÎmr` {ddaU _o§ Zht br JB© h¡&
J) ^maVr` [aµOd© ~¢H$ Ûmam {ZYm©[aV {ddoH$nyU© _mZX§Smo§ Ho$ A§VJ©V AmpñV dJr©H$aU Am¡a àmdYmZrH$aU Anojm Ho$ AmYma na Ad_mZH$, g§{X½Y VWm hm{Z-A{JŒ_mo§ Ho {bE àmdYmZ {H$`m J`m h¡&
K) J¡a-{ZînmXH$ A{JŒ_mo§ _o§ Am§{eH$ dgybr {ZåZ{b{IV HŒ _ _o§ ImVm dma (nmQr©dma Zht) g_m`mo{OV H$s Om`oJr&
i. dgybr hoVw {H$E JE ì``/AÝ` ì``
ii. ì`mO g§~§Yr A{Z`{_VVm`o§/A{O©V ã`mO
iii. _ybYZ g§~§Yr A{Z`{_VVm AWm©V ImVo _o§ eof _ybYZ
L) g_Pm¡Vm {ZnQmZ g{hV J¡a {ZînmXH$ A{JŒ_mo§ Ho _m_bo _o§, dgy{b`m± nhbo _ybYZ _o§ g_m`mo{OV H$s OmE§Jr &
gj_ àm{YH$mar/EZgrEbQr/Ý`m`nm{bH$m Ho _§Oyar H$s eVmoª Ho AZwgma dgy{b`mo§ H$m g_m`moOZ &
g_Âmm¡Vm {ZnQmZ g{hV J¡a-{ZînmXH$ A{JŒ_mo§ Ho _m_bo _o§ dgy{b`mo§ H$m g_m`moOZ nhbo _ybYZ _o§ Ed§ {X dgybr _ybYZ go A{YH$ hmoVr h¡ Vmo ã`mO _o§ hmoJm&
M) ^m.[a.~¢. {Xem{ZXo©emo§ Ho AZwgma {ZYm©[aV _mZH$ AmpñV`mo§ hoVw gm_mÝ` àmdYmZ H$mo "AÝ` Xo`VmE§ d àmdYmZ-AÝ`' Ho VhV em{_b {H$`m J`m h¡&
nwZ…g§a{MV ImVo… nwZ…g§a{MV A{JŒ_mo§ Ho {bE G$U Ho C{MV _yë` _o§ õmg Ho {bE àmdYmZ AÝ`Wm Ano{jV àmdYmZ Ho Abmdm ^maVr` [aOd© ~¢H$ Ûmam Omar {Xem{ZXoemo§ Ho AZwgma {H$E JE h¢& A{JŒ_ Ho C{MV _yë` _o§ õmg hoVw àmdYmZ A{JŒ_mo§ go KQm`m Zht J`m h¡ VWm "AÝ` Xo`VmE§ d àmdYmZ -AÝ`' erf© Ho VhV VwbZ-nÌ _o§ em{_b {H$`m J`m h¡&
224
5. INVESTMENTS
Banking Entity:
5.1 Categorization & Classifi cationIn accordance with the RBI guidelines, investments at the time of acquisition are categorized as: Held to Maturity [HTM], Available for Sale [AFS] and Held for Trading [HFT].
The Bank shifts investments from AFS/HFT category to HTM category at the lower of book value or market value. In other words, in cases where the market value is higher than the book value at the time of transfer, the appreciation should be ignored and the security should be transferred at the book value. In cases where the market value is less than the book value, the provision against depreciation held against this security (including the additional provision, if any, required based on valuation done on the date of transfer) should be adjusted to reduce the book value to the market value and the security should be transferred at the market value.
If the security was originally placed under the HTM category at a discount, it may be transferred to AFS/ HFT category at the acquisition price/book value. (It may be noted that as per existing instructions banks are not allowed to accrue the discount on the securities held under HTM category and, therefore, such securities would continue to be held at the acquisition cost till maturity). After transfer, these securities should be immediately re-valued and resultant depreciation, if any, may be provided.
If the security was originally placed in the HTM category at a premium, it may be transferred to the AFS/HFT category at the amortised cost. After transfer, these securities should be immediately re-valued and resultant depreciation, if any, may be provided.
In the case of transfer of securities from AFS to HFT category or vice-versa, the securities need not be re-valued on the date of transfer and the provisions for the accumulated depreciation, if any, held may be transferred to the provisions for depreciation against the HFT securities and vice-versa.
However, for disclosure in the Balance Sheet, investments are classifi ed under six categories – Government Securities, State Government Securities, Other Approved Securities, Shares, Debentures and Bonds, Investments in Subsidiaries/RRB/Joint Ventures and Others [units of Mutual Funds, Commercial Papers, Certifi cate of Deposits and Venture Capital Funds].
5. {Zdoe
~¢qH J g§ñWm…
5.1 loUrH aU Ed§ dJr©H aU ^maVr` [aµOd© ~¢H$ Ûmam Omar {Xem{ZXoemo§ Ho AZwgma {Zdoemo§ Ho
A{YJŒhU Ho g_` {ZåZ{b{IV lo{U`mo§ _o§ dJr©H¥$V {H$`m J`m h¡… n[an¹$Vm VH$ Ym[aV (EMQrE_), {~H«$s Ho {bE CnbãY (EE\ Eg) VWm
Q—oqSJ Ho {bE Ym[aV (EME\ Qr)&
~¢H$, ~hr _yë` `m ~mµOma _yë`, BZ _o§ go Ý`yZV_ _yë` na {Zdoemo§ H$mo EE\ Eg/EME\ Qr àdJ© go EMQrE_ àdJ© _o§ A§V[aV H$aVm h¡& AWm©V², Ohm± A§VaU Ho g_` ~mµOma _yë` ~hr _yë` go A{YH$ h¡, _yë`d¥{Õ H$mo AZXoIm {H$`m OmE VWm à{V^y{V H$mo ~hr _yë` na A§V[aV {H$`m OmE& Eogo _m_bo Ohm± ~mµOma _yë` ~hr _yë` go H$_ h¡, Bg à{V^y{V (A§VaU Ho {XZm§H$ H$mo {H$E JE _yë`m§H$Z Ho AmYma na Ano{jV A{V[aº àmdYmZ, `{X H$moB© h¡, g{hV) Ho {déÕ Ym[aV _yë`õmg na àmdYmZ H$mo ~hr _yë` H$mo ~mµOma _yë` VH$ H$_ H$aZo Ho {bE g_m`mo{OV {H$`m OmE VWm à{V^y{V ~mµOma _yë` na A§V[aV {H$`m OmE&
`{X à{V^y{V _ybV… ~Åo na EMQrE_ àdJ© Ho VhV aIr OmVr h¡, Cgo AO©Z _yë`/~hr _yë` na EE\ Eg/EME\ Qr àdJ© _o§ A§V[aV {H$`m OmE& (`h ZmoQ {H$`m OmE {H$ {dÚ_mZ AZwXoemo§ Ho AZwgma EMQrE_ àdJ© Ho VhV Ym[aV à{V^y{V`mo§ na ~Åm Cn{MV H$aZo H$s AZw_{V Zht h¡ VWm, AV…, Eogr à{V^y{V`mo§ H$mo n[an¹Vm VH$ AO©Z bmJV na YmaU Omar aIm OmE)& A§VaU Ho nümV², BZ à{V^y{V`mo§ H$m VËH$mb nwZ_y©ë`m§H$Z {H$`m OmE VWm n[aUm_r _yë`õmg, `{X H$moB© h¡, hoVw àmdYmZ {H$`m OmE&
`{X à{V^y{V _ybV… àr{_`_ na EMQrE_ àdJ© Ho VhV aIr OmVr h¡, Cgo n[aemoYH$ _yë` na EE\ Eg/EME\ Qr àdJ© _o§ A§V[aV {H$`m OmE& A§VaU Ho nümV², BZ à{V^y{V`mo§ H$m VËH$mb nwZ_y©ë`m§H$Z {H$`m OmE VWm n[aUm_r _yë`õmg, `{X H$moB© h¡, hoVw àmdYmZ {H$`m OmE&
EE\ Eg go EME\ Qr àdJ© _o§ `m {dbmo_V… à{V^y{V`mo§ H$mo A§V[aV H$aZo na, A§VaU H$s VmarI H$mo à{V^y{V`mo§ H$m nwZ_y©ë`Z H$aZo H$s Amdí`H$Vm Zht h¡ VWm g§{MV _yë`õmg Ho {bE `{X H$moB© àmdYmZ Ym[aV {H$`m h¡ Vmo Cgo EME\$Qr à{V^y{V`mo§ Ho {déÕ _yë`õmg hoVw àmdYmZ _o§ m {dbmo_V… A§V[aV {H$`m Om gH$Vm h¡&
hmbm§{H$ VwbZ-nÌ _o§ àH$QZ hoVw {Zdoemo§ H$mo gmV àdJmoª _o§ dJr©H¥ V{H$`m J`m h¡ - gaH$mar à{V^y{V`m±, amÁ` gaH$mar {deof à{V^y{V`m±, AÝ` AZw_mo{XV à{V^y{V`m±, eo`a, {S~o§Ma VWm ~m±S, AZwf§{J`mo§/jo.JŒm.~¢./g§`wº CÚ_mo§ VWm AÝ` (å`yMwAb \§$S H$s `y{ZQmo§, dm{UpÁ`H$ nÌmo§, O_m à_mUnÌ, à{V^y{V agrX VWm do§Ma ny§Or {Z{Y)&
225ANNUAL REPORT 2018-19
Investments classifi ed under ‘Held to Maturity’ include the following:
a) Investments in SLR securities as percentage of Demand and Time liabilities or as notifi ed by RBI from time to time.
b) Recapitalization bonds received from the Government of India towards recapitalization requirements.
c) Investments in share of subsidiaries and joint ventures.
d) Investments in Venture Capital Funds, for an initial period of 3 years of each draw down, after 23rd August 2006.
e) Investments in long term bonds issued by companies engaged in infrastructure activities.
Investments acquired primarily with an intention for trading are classifi ed as HFT securities. As per RBI guidelines, securities in HFT category are not held beyond 90 days and are transferred to AFS category under exceptional circumstances like not able to sell or extreme volatility or market becoming unidirectional, with the approval of the Board/ALCO/Investment Committee.
All other investments are classifi ed under AFS.
5.2 Valuation and consequential adjustments:
a] Held to Maturity: Investments classifi ed under ‘Held-to-Maturity’ are carried at weighted average acquisition cost. Premium on acquisition, if any, is amortized on a straight-line basis over the remaining maturity period. In case of investments in subsidiaries/joint ventures any diminution, other than temporary, in the value of such investment is recognized and provided for. Investments in Venture Capital Fund are valued at Cost.
b] Available for Sale and Held for Trading:i. Investments in these categories (classifi ed
under the category ‘Held for Trading’ and ‘Available for Sale’) are marked to market/ estimated realizable value as per the RBI guidelines at monthly and quarterly intervals for HFT and AFS respectively. While the resultant net depreciation, if any, within each category referred to in 5.1 above, is recognized in profi t & loss account as “Provisions and Contingencies”, the net appreciation is ignored except to the extent of depreciation previously provided. The book
"n[an¹Vm VH$ Ym[aV' loUr Ho VhV dJr©H¥ V {Zdoemo§ _o§ {ZåZ{b{IV em{_b h¢:
H) _m§J VWm _r`mXr Xo`VmAmo§ Ho à{VeV Ho ê$n _o§ ^m.[a.~¢. Ûmam g_`-g_` na A{Ygy{MV AZwgma EgEbAma à{V^y{V`mo§ _o§ {Zdoe&
I) nwZnyªOrH$aU Amdí`H$VmAmo§ hoVw ^maV gaH$ma go àmßV nwZnyªOrH$aU ~m§S&
J) AZwf§{J`mo§ Am¡a g§`wº CÚ_mo§ Ho eo`amo§ _o§ {Zdoe&
K) CÚ_ ny±Or {Z{Y`mo§ _o§ {Zdoe, 23 AJñV, 2006 Ho ~mX àË`oH$ S—m SmD$Z go VrZ dfmoª H$s Ama§{^H$ Ad{Y Ho {bE {H$E JE h¢&
L) ~w{Z`mXr g§aMZmJV J{V{d{Y`mo§ _o§ bJo H§$n{Z`mo§ Ûmam Omar XrKm©d{Y ~m°ÊSmo§ _o§ {Zdoe&
Q—oqSJ Ho CÔoí` go àmW{_H$ ê$n go A{YJŒhrV {Zdoemo§ H$mo EME\ Qr à{V^y{V`mo§ Ho ê$n _o§ dJr©H¥ V {H$`m J`m h¡& ^maVr` [aOd© ~¢H$ Ho {Xem{ZXo©emo§ Ho AZwgma EME\ Qr loUr _o§ à{V^y{V`m± 90 {XZ go A{YH$ Zht Ym[aV H$s JB© h¢ VWm AndmXmË_H$ n[apñW{V`mo§ O¡go {~HŒ r H$aZo _o§ Ag_W© `m AË`§V ApñWaVm `m ~mµOma Ho {XemhrZ hmoZo na, {ZXoeH$ _§Sb/AmëH$mo/{Zdoe g{_{V Ho AZw_moXZ Ho gmW CÝho§ EE\ Eg loUr _o§ A§V[aV {H$E OmVo h¢&
AÝ` g^r {Zdoemo§ H$mo EE\ Eg Ho VhV dJr©H¥$V {H$`m J`m h¡&
5.2 _yë`m§H Z VWm n[aUm_r g_m`moOZ…
H$) n[an¹Vm VH$ Ym[aV… "n[an¹Vm VH$Ym[aV' loUr Ho VhV dJuH¥$V {Zdoe ^m[aV Am¡gV AO©Z bmJV na _yë`m§{H$V {H$E JE h¢& A{YJŒhU na àr{_`_ `{X H$moB© h¡ Vmo n[an¹$Vm H$s eof Ad{Y _o§ grYr aoIm Ho AmYma na n[aemoYZ {H$`m J`m h¡& AZwf§{J`mo§/g§`wº CÚ_mo§ _o§ {Zdoe Ho _m_bo _o§ AñWmB© H$mo Nmo‹SH$a AÝ` Eogo {Zdoe Ho _yë` _o§ H$_r H$m {ZYm©aU {H$`m J`m h¡ Am¡a CgHo {bE àmdYmZ {H$`m J`m h¡& do§Ma ny§Or {Z{Y _o§ {Zdoemo§ H$mo bmJV na _yë`m§{H$V {H$`m J`m h¡&
I) {~H«$s Ho {bE CnbãY VWm Q—oqSJ Ho {bE Ym[aV… i. BZ àdJmoª ("Q—oqSJ Ho {bE Ym[aV' VWm "{~H«$s Ho {bE
CnbãY' loUr Ho VhV dJr©H¥$V) _o§ {Zdoe H$mo ^m.[a.~¢. Ho {Xem{ZXo©emo§ Ho$ AZwgma EME\$Qr VWm EE\$Eg hoVw HŒ _e… _m{gH$ VWm {V_mhr A§Vamb _o§ ~mµOma/AZw_m{ZV dgybr `mo½` _yë` na A§{H$V {H$`m J`m h¡& O~{H$ D$na 5.1 _o§ Cp„{IV àË`oH$ loUr Ho A§VJ©V n[aUm_r {Zdb _yë`õmg {X H$moB© h¡, H$mo bm^ Ed§ hm{Z boIo _o§ "àmdYmZ Ed§ AmH$pñ_H$VmAmo§' Ho ê$n _o§ {ZYm©[aV {H$`m J`m h¡ VWm _yë`õmg hoVw nhbo {H$E JE àmdYmZ H$s hX VH$ H$mo Nmo‹SH$a {Zdb A{Y_yë`Z H$mo Nmo‹S {X`m J`m h¡&
226
H«$_ g§.S. No.
à{V^y{V Ho$ àH$maType of Securities
à{V^y{V H$m _yë`m§H$ZValuation of Securities
1. H|$Ð gaH$ma H$s à{V^y{V`m±Central Government of India Securities
i) CÕ¥V… E\ AmB©E_E_SrE Ûmam {XE H$moQoeZ Ho AZwgma ~mµOma _yë` na i) Quoted: At market price as per the quotation put out by FIMMDA.ii) AZwÕ¥V… E\ AmB©E_E_SrE Ûmam Xr JB© H$s_Vmo§/dmB©QrE_ Xamo§ Ho AmYma naii) Unquoted: On the basis of the prices/YTM rates put by FIMMDA
2. amÁ` gaH$ma H$s à{V^y{V`m§, H|$Ð/amÁ` gaH$ma Ûmam Jma§QrH¥ V à{V^y{V`m± (AÝ` ñdrH¥ V à{V^y{V`m±)State Government Securities, State Govt. Special Securities, Securities guaranteed by Central/ State Government (other approved securities)
i) amÁ` gaH$ma H$s à{V^y{V`mo§ Ho _m_bo _o§ E\ AmB©E_E_SrE Ûmam àH$m{eV H$s_Vmo§ na i) At prices published by FIMMDA in respect of State Govt. Securities. ii) AÝ` AZw_mo{XV à{V^y{V`mo§ Ho _m_bo _o§ E\ AmB©E_E_SrE Ûmam {Z{X©îQ à{V\ b dHŒ na Cn`wº
A{V[aº H$s_V bmJV A§Va na ii) At appropriate spread upon the yield curve put out by FIMMDA in respect of
other approved securities.
3. Q—oOar {~b (nrSr H$mamo~ma Ho H$maU aIo Q—oµOar {~bmo§ g{hV)/O_m à_mUnÌ/ dm{UpÁ`H$ nÌTreasury Bills (including Treasury Bills held on account of PD business)/Certifi cates of deposits/Commercial paper
aImd bmJV naAt carrying cost.
4. B©pŠdQ>r eo`aEquity shares
i) CÕ¥V… ~mµOma _yë` na i) Quoted : At market price ii) AZwÕ¥V… H§$nZr Ho AÚVZ VwbZ nÌ (EH df© go A{YH nwamZm Z hmo) Ho AZwgma {Z{üV {díbo{fV
_yë` na AÝ`Wm ` 1/- à{V H§ nZr& ii) Unquoted: At break up value as ascertained from the company’s latest Balance Sheet
[not more than one year old], otherwise at `1/- per company.
5. A{Y_mZ eo`a, {S~o§Ma Ed§ ~m§SPreference Shares, Debentures and Bonds
i) CÕ¥V… ~mµOma _yë` na i) Quoted: At Market Price ii) AZwÕ¥V… C{MV n[an¹ Vm na à{V\ b ii) Unquoted: On appropriate Yield on Maturity
nwZ_y©ë`m§H$Z Ho nümV² AbJ-AbJ à{V^y{V`mo§ Ho ~hr _yë` _o§ n[adV©Z Zht hwAm h¡&
ii. _yë`õmg Ho A{V[aº$ àmdYmZ Ho à{VboIZ Ho g§~§Y _o§, Cgo "àmdYmZ Am¡a AmH$pñ_H$VmE±' _o§ O_m {H$`m J`m h¡ Am¡a g_Vwë` am{e (H$amo§ H$m {Zdb Am¡a gm§{d{YH$ Ama{jV {Z{Y _o§ A§VaU) H$mo AZwgyMr 2 - "Ama{jV {Z{Y Ed§ A{Yeof' Ho VhV {Zdoe Ama{jV {Z{Y ImVo _o§ {d{Z`mo{OV {H$`m J`m h¡&
iii. Cnamoº (i) Ho CÔoí` hoVw, ~mOma H$s_V/AZw_m{ZV àmß` _yë` {ZåZdV² {ZYm©[aV {H m OmVm h¡…
value of the individual scrip is not changed after revaluation.
ii. In the case of write back of excess provision of depreciation the same is credited to “Provisions and Contingencies” and a like amount (net of taxes and transfer to Statutory Reserve) is appropriated to Investment Reserve Account under Schedule 2 – “Reserves & Surplus”.
iii. For the purpose of (i) above, the market price /estimated realizable value is determined as under:
227ANNUAL REPORT 2018-19
5.3 Non-performing Investments a] All such securities where repayment of principal or
interest not serviced within 90 days from the due date are classifi ed as Non-Performing Investments, except securities guaranteed by the Central Government which are treated as performing investments notwithstanding arrears of principal/interest payments. In respect of investments classifi ed as Non-performing, appropriate provisions are made for the depreciation in the value of these investments. The depreciation requirement in respect of these securities is not set off against appreciation in respect of other performing securities.
b] Where the Bank has both credit and investment exposures to any borrower/group and in the event the credit exposure is classifi ed as Non-Performing asset, the investment exposure to them is also classifi ed as Non-Performing.Clarifi cations:If any credit facility availed by the issuer is NPA in the books of the bank, investment in any of the securities, including preference shares issued by the same issuer would also be treated as NPI and vice versa. However, if only the preference shares are classifi ed as NPI, the investment in any of the other performing securities issued by the same issuer may not be classifi ed as NPI and any performing credit facilities
6. å`yMwAb \§ S Mutual Fund
i) CÕ¥V… ~mµOma _yë` na i) Quoted: At market price ii) AZwÕ¥V… nwZH«$` _yë` `m àË`oH `moOZm _o§ \§ S Ûmam Kmo{fV {Zdb AmpñV _yë` na (Ohm± nwZH«$` _yë`
CnbãY Zht h¡) ii) Unquoted: At repurchase price or Net Asset Value [where repurchase price is not
available] declared by the fund in eacH$of the schemes.
7. CÚ_ ny§Or {Z{YVenture Capital Funds
i) CÕ¥V… ~mOma _yë` na i) Quoted: At market value ii) AZwÕ¥V… BH$mB`mo§ Ho ê$n _o§ {Zdoemo§ Ho _m_bo _o§, AnZo {dÎmr` {ddaUmo§ _o§ drgrE\ Ûmam Xem©E JE
EZEdr na _yë`m§H$Z {H$`m OmE& EZEdr na AmYm[aV BH$mB`mo§ na _yë`õmg,`{X H$moB© hmo, Ho {bE {Zdoemo§ Ho EE\ Eg àdJ© go EMQrE_ àdJ© _o§ A§VaU Ho g_` VWm drgrE\ go àmßV {dÎmr` {ddaUmo§ Ho$ AmYma na {V_mhr `m ~ma§~ma A§Vambmo§ na {H$E OmZo dmbo AZwdVr© _yë`m§H$Zmo§ na ^r àmdYmZ {H$`m OmZm Mm{hE& BH$mB`mo§ H$m H$_ go H$_ df© _o§ EH$ ~ma boImnar{jV n[aUm_mo§ Ho AmYma na _yë`m§H$Z {H$`m OmE& VWm{n, `{X EZEdr Am±H$So Xem©Zo dmbo boIm nar{jV VwbZ nÌ/{dÎmr` {ddaU _yë`m§H$Z H$s VmarI H$mo 18 _mh go A{YH$ Ho {bE CnbãY Zht h¢, Vmo {Zdoemo§ H$m _yë`m§H$Z1 én`m à{V drgrE\ na {H$`m OmE&
ii) Unquoted: In the case of investments in the form of units, the valuation will be done at the NAV shown by the VCF in its fi nancial statements. Depreciation, if any, on the units based on NAV has to be provided at the time of shifting the investments to AFS category from HTM category as also on subsequent valuations whicH$should be done at quarterly or more frequent intervals based on the fi nancial statements received from the VCF. At least once in a year, the units should be valued based on the audited results. However, if the audited balance sheet/fi nancial statements showing NAV fi gures are not available continuously for more than 18 months as on the date of valuation, the investments are to be valued at Rupee 1/- per VCF.
5.3 J¡a-{ZînmXH {Zdoe
H$) H|$Ð gaH$ma Ûmam Jma§QrH¥$V à{V^y{V`mo§ H$mo Nmo‹SH$a g^r à{V^y{V`mo§ H$mo, Ohm± _ybYZ `m ã`mO H$s MwH$m¡Vr Xo` VmarI go 90 {XZmo§ Ho A§Xa Zht H$s JB© h¡, J¡a-{ZînmXH$ {Zdoemo§ Ho ê$n _o§ dJr©H¥$V {H$`m J`m h¡& H|$Ð gaH$ma Ûmam Jmma§Q>rH¥$V à{V^y{V`mo§ H$mo _ybYZ/ã`mO AXm`Jr ~H$m`m ahZo Ho ~mdOyX {ZînmXH$ {Zdoemo§ Ho ê$n _o§ _mZm J`m h¡& J¡a-{ZînmXH$ Ho ê$n _o§ dJuH¥$V {Zdoemo§ Ho g§~§Y _o§ BZ {Zdoemo§ Ho _yë` _o§ _yë`õmg hoVw Cn`wº àmdYmZ {H$E JE h¢& BZ à{V^y{V`mo§ Ho g§~§Y _o§ Ano{jV _yë`õmg AÝ` {ZînmXH$ à{V^y{V`mo§ Ho g§~§Y _o§ _yë`d¥{Õ Ho gmW g_§OZ Zht {H$`m J`m h¡&
I) Ohm± ~¢H$ H$m {H$gr nmQr©/JŒwn _o§ G$U Ed§ {Zdoe XmoZmo§ {d{ZYmZ h¢ VWm G$U {d{ZYmZ H$mo J¡a-{ZînmXH$ AmpñV Ho ê$n _o§ dJr©H¥$V H$aZo H$s pñW{V _o§ BZ_o§ {Zdoe {d{ZYmZ H$mo ^r J¡a-{ZînmXH$ Ho ê$n _o§ dJr©H¥$V {H$`m J`m h¡&
ñnîQrH$aU: `{X {ZJ©_H$Vm© Ûmam br hwB© H$moB© ^r G$U gw{dYm ~¢H$ H$s
~hr _o§ J¡a-{ZînmXH$ h¡ Vmo Cgr {ZJ©_H$Vm© Ûmam Omar {H$gr ^r A{Y_mZr eo`a g{hV {H$gr ^r à{V^y{V _o§ CgH$m {Zdoe EZnrAmB© _mZm OmEJm& hmbm§{H$ `{X Ho db A{Y_mZr eo`a EZnrAmB© Ho ê$n _o§ dJr©H¥$V {H$E OmVo h¢ Vmo Cgr {ZJ©_H$Vm© Ûmam {H$gr AÝ` {ZînmXH$ à{V^y{V`mo§ _o§ {H$E JE {Zdoe H$mo EZnrAmB© Ho ê$n _o§ dJuH¥$V Zht {H$`m OmEJm Ed§ CYmaH$Vm©
228
granted to that borrower need not be treated as NPA.
5.4 ACCOUNTING FOR REPO TRANSACTIONS
The Bank follows the accounting norms prescribed by the RBI vide circular Ref. No. RBI/2018-19/24 FMRD.DIRD.01/14.03.038/2018-19 dated 24.07.2018 in respect of repo/reverse repo transactions under market repo and the accounting guidelines issued vide Ref. RBI/2015-2016/403 FMRD.DIRD.10/14.03.002/2015-16 dated 19.05.2016 in respect of repo/reverse repo transactions under Liquidity Adjustment Facility (LAF) and the Marginal Standing Facility (MSF).
The accounting norms to be followed by Bank for repo/reverse repo transactions under LAF and the Marginal Standing Facility (MSF) of RBI shall be same as prescribed for market repo transactions. Further, in order to distinguish repo/reverse repo transactions with RBI from market repo transactions, a parallel set of accounts similar to those maintained for market repo transactions but prefi xed with ‘RBI’ may be maintained.
Reckon the market value of collateral securities for calculating the haircut instead of face value while initiating the LAF/MSF transactions;
Bestow SLR status to the securities acquired by banks under reverse repo with RBI; and
Allow re-repo of securities received under LAF reverse repo with market participants subject to the conditions prescribed in RBI circular FMRD.DIRD.5/14.03.002/2014-15 dated February 5, 2015.
5.5 Accounting For Investment Transactions
i) The Bank follows settlement date method of accounting its investments;
ii) Cost is determined on weighted average cost method;
iii) Profi t on sale is netted with loss on sale of securities; and
iv) The portion of income/loss that arises on account of movement in the yield, when the following investments are sold, will have to be treated as profi t/loss: a) The difference between the sale price/
redemption value of fi xed income securities and its book value shall be treated as profi t or loss on sale of investments.
b) The difference between sale price/redemption value of mutual funds including liquid Mutual Funds and its book value shall be treated as profi t/loss on sale of investments.
H$mo Xr J`r {H$gr ^r {ZînmXH$ G$U gw{dYm H$mo EZnrE Zht _mZm OmEJm&
5.4 aonmo boZXoZmo§ Ho {bE boIm§H$Z
~mµOma aonmo Ho VhV aonmo/[adg© aonmo boZXoZmo§ Ho$ {bE n[anÌ Ama~rAmB© / 2018-19 / 24E\ EAmaS>r.S>rAmB©AmaS>r.01/14.03.038/2018-19 {XZm§{H$V 24.07.2018 Ho O[aE ^m.[a.~¢. Ûmam {ZYm©[aV boIm§H$Z _mZX§S VWm Mb{Z{Y g_m`moOZ gw{dYm (EbEE\) VWm gr_m§V ñWmB© gw{dYm (E_EgE\) Ho VhV aonmo/[adg© aonmo boZXoZmo§ Ho {bE g§X^© ^m.[a.~¢./2015-2016/403E\ E_AmaSr.SrAmB©AmaSr.10/14.03.002/2015-16 {XZm§{H$V 19.05.2016 Ho O[aE Omar boIm§H$Z {Xem{ZXoemo§ H$m AZwnmbZ ~¢H$ Ûmam {H$`m OmVm h¡&
Ama~rAmB© H$s EbEEµ\ Ed§ gr_m§V ñWmB© gw{dYm(E_EgEµ\) Ho VhV [anmo/[adg© [anmo boZXoZmo§ Ho {bE ~¢H$ Ûmam AnZmE OmZo dmbo boIm {Z`_ ~mOma Ho {bE aonmo boZXoZ {Z`_mo§ Ho g_mZ hr hmo§Jo& gmW hr, Ama~rAmB© Ho gmW {H$E OmZo dmbo [anmo/[adg© [anmo boZXoZmo§ H$mo ~mµOma Ho boZXoZmo§ go AbJ H$aZo Ho {bE ~mµOma [anmo boZXoZmo§ Ho g_mZ hr ~hr-ImVo ~ZmE OmE±Jo {OZHo AmJo "Ama~rAmB©' Ow‹Sm hmoJm&
EbEEµ\/E_EgEµ\ boZXoZ _o§ ho`aH$Q> H$s JUZm g_nm{œ©H$ à{V^y{V`mo§ Ho A§{H$V _yë` Ho ~OmE ~mµOma _yë` na hr H$ao§&
Ama~rAmB© Ho gmW [adg© aonmo Ho VhV A{O©V à{V^y{V`mo§ H$mo EgEbAma H$m XOm© àXmZ H$ao§ Ed§
Ama~rAmB© Ho n[anÌ g§»`m E\$E_AmaSr.SrAmB©AmaSr.5/14.03.002/2014-15 {XZm§{H$V 05 \$adar 2015 _o§ C„o{IV {Z`_mo§ Ho AZwgma ~mOma à{V^m{J`mo§ Ho gmW EbEEµ\ [adg© aonmo Ho VhV A{O©V à{V^y{V`mo§ Ho nwZa-aonmo H$s AZw_{V Xo§&
5.5 {Zdoe boZXoZmo§ hoVw boIm§H$Z
i) ~¢H$ AnZo {Zdoemo§ Ho boIm§H$Z hoVw {ZnQmZ H$s nÕ{V H$m nmbZ H$aVm h¡;
ii) bmJV ^m[aV Am¡gV bmJV nÕ{V na {ZYm©[aV H$s JB© h¡;
iii) à{V^y{V`mo§ Ho {dH«$` na bm^ H$m {dH«$` na hm{Z Ho gmW {Zdb {ZH$mbm J`m h¡;
iv) {ZåZ{b{IV {Zdoemo§ H$s {~H«$s na, Am` _o§ CVma-M‹Tmd Ho H$maU CËnÞ hmoZo dmbr Am`/hm{Z H$m {hñgm bm^/hm{Z Ho ê$n _o§ _mZm OmEJm&
H$) {ZYm©[aV Am` à{V^y{V`mo§ H$s {~H«$s H$s_V/_moMZ _yë` VWm ~hr _yë` Ho ~rM Ho A§Va H$mo {Zdoemo§ H$s {~H«$s na bm^ `m hm{Z Ho ê$n _o§ _mZm OmE&
I) Vab å`yMwAb \§$S g{hV å`yMwAb \§$S {~H«$s H$s_V/_moMZ _yë` VWm ~hr _yë` Ho ~rM Ho A§Va H$mo {Zdoemo§ H$s {~H«$s na bm^ `m hm{Z Ho ê$n _o§ _mZm OmE&
229ANNUAL REPORT 2018-19
c) In respect of discounted securities viz. CD/CP/T-Bills, difference between sale price and carrying cost (book value + accrued interest) shall be treated as profi t/loss on investment.
In respect of Investments of Corpbank Securities Limited:
(i) The securities acquired with the intention of short term holding and trading positions is considered as “Stock-in-Trade” and shown under current assets. Other securities acquired with the intention of long-term holding are treated as “Investments.”
(ii) Securities held as investments and held till maturity are valued at cost.
(iii) Any diminution in the value of securities held as investment individually is provided for, wherever such diminution is permanent.
(i) The Quoted securities are valued at cost or market price, whichever is lower. In the absence of market quotes, market prices are determined at the rates derived from the prevailing yield of securities having similar standing and maturity period.
(ii) Each type of security is regarded as a separate category. Under each category, valuation is done scrip-wise and depreciation is provided, while appreciation is ignored. The depreciation in one category of securities is not set off against appreciation in another category.
(iii) Treasury Bills held on the balance sheet date are valued at carrying cost or market value whichever is lower. The market value of Treasury Bills held on the balance sheet date is determined as per the rates provided by Clearing Corporation of India Limited.
(iv) The Certifi cate of Deposits and Commercial Papers held on the balance sheet date are valued at carrying cost.
(v) The market value of Central Government Dated Securities is determined as per the rates provided by Fixed Income and Money Market Dealers Association (FIMMDA).
6. FIXED ASSETS Banking Entity:
a] i. Fixed assets are stated at cost less accumulated depreciation and provision for impairment. Cost comprises of the purchase price and any cost attributable for bringing the asset to its working condition for its intended use. The carrying amounts of fi xed assets are reviewed at each Balance Sheet date and adjusted for any impairment in accordance with the Accounting Standard 28 (“Impairment of Assets”) issued in this regard by the ICAI.
ii. Land and Buildings (other than Leasehold Land) being part of Premises revalued during September 2018 are stated at the average market
J) ~ÅmJV à{V^y{V`mo§, AWm©V², grSr/grnr/Qr-{~b hoVw, {~H«$s H$s_V VWm aImd bmJV (~hr _yë` + Cn{MV ã`mO) Ho ~rM Ho A§Va H$mo {Zdoe na bm^/hm{Z Ho ê$n _o§ _mZm OmE&
H mn©~¢H {gŠ`w[aQrµO {b. Ho {Zdoe Ho g§~§Y _o§: (i) Aënmd{Y YmaU VWm ì`mnm[aH$ H«$`-{dH«$` Ho CÔoí` go A{O©V
à{V^y{V`mo§ H$mo "{dH«$` ñQm°H$’ Ho ê$n _o§ _mZm OmVm h¡ Am¡a Mmby AmpñV`mo§ Ho$ AYrZ Xem©`m OmVm h¡& XrKm©d{Y YmaU Ho$ CÔoí` go A{O©V AÝ` AmpñV`mo§ H$mo "{Zdoe' Ho ê$n _o§ _mZm OmVm h¡&
(ii) {Zdoemo§ Ho ê$n _o§ Ym[aV VWm n[an¹$Vm VH$ Ym[aV à{V^y{V`mo§ H$mo bmJV na _yë`m§{H$V {H$`m OmVm h¡&
(iii) {Zdoe Ho$ ê$n _| aIr JB© àË`oH$ à{V^y{V`m| Ho$ _yë` _| õmg Ho$ {bE àmdYmZ {H$E JE h¢, Ohm± H$ht ^t `h $õmg ñWmB© h¢& (i) H$moQ H$s JB© à{V^y{V`mo§ H$mo bmJV `m ~mµOma _yë`, Omo ^r H$_
h¡, na _yë`m§{H$V {H$`m OmVm h¡& ~mµOma ^md CnbãY Z hmoZo na, g_mZ àH¥${V Ed§ n[an¹Vm Ad{Y dmbr à{V^y{V`mo§ Ho {dÚ_mZ à{V\ b Ho AmYma na n[aH${bV Xamo§ na ~mµOma _yë` {ZYm©[aV {H$E OmVo h¢&
(ii) àË`oH$ àH$ma H$s à{V^y{V H$mo EH$ àË`oH$ àdJ© _mZm OmVm h¡& àË`oH$ àdJ© Ho A§VJ©V, _yë`m§H$Z pñHŒ n-dma {H$`m OmVm h¡ VWm _yë`õmg H$m àmdYmZ {H$`m OmVm h¡ O~{H$ _yë`-d¥{Õ H$mo Nmo‹S {X`m OmVm h¡& EH$ àdJ© H$s à{V^y{V`mo§ Ho _yë`õmg H$mo Xygao àdJ© _o§ _yë`d¥{Õ Ho ~Xbo g_§OZ Zht {H$`m OmVm h¡&
(iii) VwbZ-nÌ H$s VmarI H$mo Ym[aV Q—oµOar {~b H$m _yë`m§H$Z aImd bmJV `m ~mµOma _yë`, Omo ^r H$_ hmo, na {H$`m OmVm h¡& VwbZ-nÌ H$s VmarI H$mo Ym[aV Q—oµOar {~bmo§ H$m ~mµOma _yë` ^maVr` g_memoYZ {ZJ_ {b{_QoS Ûmam CnbãY H$amB© Xamo§ Ho AZwgma {ZYm©[aV {H$`m OmVm h¡&
(iv) VwbZ nÌ VmarI H$mo Ym[aV O_mAmo§ H$m à_mUnÌ Am¡a dm{UpÁ`H$ nÌ {Z{hV bmJV na _yë`m§{H$V {H$E OmVo h¡&
(v) Ho§ Ð gaH$ma {XZm§{H V à{V^y{V`mo§ H$m ~mµOma _yë` maVr` {Z`V Am` _wÐm ~mµOma Am¡a ì`wËnÞr g§K (E\ AmB©E_E_SrE) Ûmam CnbãY H amB© Xamo§ Ho AZwgma {ZYm©[aV {H m OmVm h¡&
6. pñWa AmpñV`m± ~¢qH$J g§ñWm: H ) i. pñWa AmpñV`mo§ (nwZ_y©ë`m§{H$V AmpñV`mo§ Ho Abmdm) H$mo g§{MV
_yë`õmg VWm hm{Z hoVw àmdYmZ H$mo H$_ H$aVo hwE bmJV na Xem©`m J`m h¡& bmJV _o§ H«$` H$s_V VWm AmpñV H$mo CgHo A{^àoV à`moJ hoVw CgHo H$m`© H$aZo H$s pñW{V _o§ bmZo hoVw ghm`H$ H$moB© ^r bmJV em{_b h¡& pñWa AmpñV`mo§ H$s {Z{hV am{e H$s àË`oH$ VwbZ-nÌ {XZm§H$ H$mo g_rjm H$s OmVr h¡ VWm {H$gr ^r j{V hoVw ^maVr` gZXr boImH$ma g§ñWmZ Ûmam Bg g§~§Y _o§ Omar boIm§H$Z _mZH$ 28 ("AmpñV`mo§ H$s j{V') Ho AZwgma g_m`mo{OV {H$`m J`m h¡&&
ii. n[aga H$m {hñgm hmoZo Ho ZmVo ^y{_ Am¡a ^dZmo§ (brOYm[aV ^y{_ H$mo NmoSH$a) H$m nwZ_y©ë`m§H$Z {gV§~a, 2018 Ho Xm¡amZ Xmo _yë`m§H$Z [anmoQmoª Ho Am¡gV ~mµOma _yë` Ho AmYma na {H$`m J`m Ed§ Cgo nwZ_y©ë`m§H$Z
230
value of two Valuation reports by crediting to Revaluation reserve. Consequently, depreciation on these assets is charged to Profi t and Loss account and an equal amount is adjusted to the accumulated depreciation. Difference between the depreciation and revalued carrying amount and depreciation on its original cost is transferred from “Reserve for revaluation of Land and Building” to “General Reserve” in accordance with AS 10 “Property, Plant and Equipment issued in this regard by the ICAI”.
iii. Impairment of Assets: Fixed Assets are reviewed for impairment whenever
events or changes in circumstances warrant that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net discounted cash fl ows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognised is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset.
iv. Capital Work-in-progress includes cost of fi xed assets that are not ready for their intended use and also includes advances paid to acquire fi xed assets.
b] Depreciation shall be provided under the straight-line method from the date of capitalization. The assets are depreciated taking into consideration the useful life of the asset as provided in Schedule II of the Companies Act, 2013. The Bank as a matter of prudence fi nds that the useful life of the following assets is lower than the useful life of the respective category of assets mentioned in Schedule II (ref.: Sec. 123) of the Companies Act, 2013 as stated below: a. Motor Cycles, scooters and other mopeds – 8 years
(As against standard life mentioned in Companies Act Schedule-II – 10 years)
b. Mobile Phones – 3 years (As against standard life mentioned in Companies Act Schedule-II – 15 years)
c. UPS and allied items – 5 years (As against standard life mentioned in Companies Act Schedule-II – 10 years)
d. Air conditioners and Electrical fi ttings – 5 years(As against standard life mentioned in Companies Act Schedule-II –10 years)
e. Lease hold Improvements are depreciated over period of 5 years.
f. Depreciation on premises is provided for on composite cost, wherever the value of land and building is not separately identifi ed.
Am[a{jV {Z{Y`mo§ _o§ O_m {H$`m J`m& n[aUm_ñdê$n, BZ AmpñV`mo§ na _yë`õmg H$mo bm^ d hm{Z ImVo _o§ à^m[aV {H$`m J`m h¡ VWm g_mZ am{e H$mo g§{MV _yë`õmg _o§ g_m`mo{OV {H$`m J`m h¡& _yë`õmg VWm nwZ_©yë`m§{H$V aImd am{e Ho ~rM Ho A§Va VWm CgH$s _yb bmJV na _yë`õmg H$mo ^maVr` g§ZXr boImH$ma g§ñWmZ Ûmam Bg g§~§Y _o§ Omar ""g§n{Îm, g§`§Ì d CnH$aU'' boIm§H$Z _mZH$ (EEg) 10 Ho AZwgma "^y{_ VWm ^dZ Ho nwZ_y©ë`m§H$Z hoVw Ama{jV {Z{Y' go "amOñd Ama{jV {Z{Y' _o§ A§V[aV {H$`m OmVm h¡&
iii. AmpñV`mo§ H$s j{V… Ohm± {H$Ýht KQZmAmo§ Am¡a n[apñW{V`mo§ _o§ n[adV©Zmo§ Ho H$maU
Eogm hmo OmVm h¡ {H$ {H$gr AmpñV Ho aImd am{e H$s dgybr Zht hmo gH$Vr h¡, dhm± pñWa AmpñV`mo§ H$s j{V hoVw g_rjm H$s JB© h¡& Ym[aV Am¡a Cn`moJ H$s OmZo dmbr AmpñV`mo§ H$s dgybr j_Vm {H$gr AmpñV H$s aImd am{e go Cº am{e go àË`m{eV ^mdr {Zdb ~ÅmH¥ V ZH$X àdmH$H$s VwbZm Ûmam _mnm OmVm h¡& `{X Eogr AmpñV`mo§ H$mo jV _mZm OmVm h¡, Vmo Cº AmpñV Ho C{MV _yë` go {OVZr A{YH$ CgH$s aImd am{e h¡, Cggo j{V H$m {ZYm©aU {H$`m OmVm h¡&
iv. ny§OrJV Omar H$m`© _o§ AMb AmpñV`mo§ H$s bmJV Omo AnZo A{^àoV à`moJ hoVw V¡`ma Zht h¡ & Ed§ gmW hr AMb AmpñV Ho$ A{YJ«U hoVw ^wJVmZ {H$`o JE A{J«_ em{_b h¡&
I) ny±OrH$aU Ho {XZm§H$ go Ohm± grYr aoIm nÕ{V Ho VhV _yë`õmg àXmZ {H$`m J`m h¡& H§$nZr A{Y{Z`_, 2013 H$s AZwgyMr II Ho àmdYmZ Ho AZwgma AmpñV Ho Cn`moJr g_` na {dMma H$aVo hwE AmpñV`mo§ hoVw _yë`õmg àXmZ {H$`m J`m h¡& gmdYmZr Ho _m_bo Ho ê$n _o§ ~¢H$ Zo nm`m {H$ {ZåZ{b{IV AmpñV`mo§ H$m Cn`moJr g_` H§$nZr A{Y{Z`_, 2013 H$s AZwgyMr II (g§X^©: Ymam 123) _o§ C{„{IV AmpñV`mo§ Ho g§~§{YV àdJ© Ho Cn`moJr g_` go H$_ h¡:
H$) _moQa gmB©H b, ñHy Qa Am¡a AÝ` _monoS - 8 df© (H§$nZr A{Y{Z`_ AZwgyMr-II _o§ Cp„{IV {Z`V Am`w 10 df© Ho gmnoj)
I) _mo~mBb \ moZ - 3 df© (H§$nZr A{Y{Z`_ AZwgyMr-II _o§ Cp„{IV {Z`V Am`w 15 df© Ho gmnoj)
J) `ynrEg VWm g§~Õ _Xo§ - 5 df© (H§ nZr A{Y{Z`_ AZwgyMr-II_o§ Cp„{IV {Z`V Am`w 10 df© Ho gmnoj)
K) E`a H§ SreZa Am¡a BbopŠQ—H b {\ qQJ - 5 df© (H§$nZr A{Y{Z`_ AZwgyMr-II _o§ Cp„{IV {Z`V Am`w 10 df© Ho gmnoj)
L) nÅmYmar gwYmamo§ H$m 5 dfmoª H$s Ad{Y Ho {bE _yë`õmg {H m OmVm h¡&
M) Ohm± ^y{_ Ed§ ^dZ H$m _yë` AbJ-AbJ Zht {b`m J`m h¡, dhm± n[aga na _yë`õmg g§`wº bmJV na àXmZ {H$`m J`m h¡&
231ANNUAL REPORT 2018-19
Non-Banking Entity:
i) Fixed assets are valued at original cost less accumulated depreciation. Costs include all direct costs attributable to acquisition, installation and commissioning.
ii) Depreciation on fi xed assets is provided on “Written Down Value” (WDV) method, at the rates specifi ed in and in the manner as laid down by Schedule II of the Companies Act, 2013.
7. TRANSACTIONS INVOLVING FOREIGN EXCHANGE
a. Transactions denominated in foreign currencies are accounted for at the rates prevailing on the date of the transaction. Foreign currency monetary assets and liabilities are translated at the balance sheet date at closing exchange rates notifi ed by Foreign Exchange Dealers Association of India [‘FEDAI’] and the resulting profi ts/losses are recognized in the profi t and loss account.
b. Foreign Currency non-monetary items, which are carried in terms at historical cost, are reported using the exchange rate at the date of the transaction.
c. Outstanding foreign exchange spot and forward contracts meant for trading purpose are revalued at the exchange rates specifi ed for spot and the respective forward maturities as notifi ed by FEDAI. The resulting profi t or loss is shown under Profi t or Loss account.
d. Foreign exchange forward contracts, which are not intended for trading and are outstanding at the balance sheet date, are revalued at the closing spot rate as notifi ed by FEDAI and the resulting profi t or loss is shown under Profi t or Loss account. The premium or discount arising at the inception of such a forward exchange contract is amortized as interest expense or income over the period of the contract.
e. Contingent liabilities denominated in foreign currency are reported using the FEDAI closing spot rates.
8. DERIVATIVES i. The bank enters into derivative contracts such as
foreign currency interest rate swaps, currency swaps, currency futures, options and forward rate agreements.
ii. The income/expenses on derivative contracts classifi ed as hedge are recorded on accrual basis.
iii. All trading derivative contracts are marked to market and the resultant gains or losses are recognized in the Profi t and Loss Account.
iv. All derivative transactions are classifi ed under contingent liabilities and those denominated in foreign currencies are reported using the FEDAI closing spot rates.
9. TRANSACTIONS INVOLVING PRECIOUS METALS i. Income from precious metals transactions is accounted
for as “Other Income”. In case of metals received on
J¡a ~¢qH J g§ñWmZ
i) AMb AmpñV`m| H$m _yë`m§H$Z _yb bmJV _| go AmH${bV _yë`õmg H$mo KQ>m H$a {H$`m OmVm h¡& bmJV _| A{YJ«hU, g§ñWmnZ Ed§ A{YH¥${VH$aU go Ow‹S>o g^r àË`j bmJV e{_b h¡&
ii) pñWa AmpñV`mo§ Ho _yë`õmg H$mo H§$nZr A{Y{Z`_, 2013 H$s AZwgyMr-II _o§ {ZYm©[aV Xamo§ Am¡a _mZX§Smo na Ad{b{IV _yë` nÕ{V (Sãë`y Sr dr) na àXmZ {H$`m J`m h¡&
7. {dXoer {d{Z_` g§~§Yr boZ-XoZ
H . {dXoer _wÐm _o§ {H$E JE boZXoZmo§ Ho boZXoZ H$s VmarI H$mo bmJy Xamo§ na n[aH${bV {H$`m J`m h¡& {dXoer _wÐm _m¡{ÐH$ AmpñV`m± Ed§ Xo`VmE§ VwbZ-nÌ H$s {V{W Ho ^maVr` {dXoe {d{Z_` Srba Egmo{gEeZ (E\ B©SrEAmB©) Ûmam A{Ygy{MV A§{V_ {d{Z_` Xamo§ na n[aH${bV H$s JB© h¢ VWm n[aUm_r bm^/hm{Z`m± bm^ Ed§ hm{Z ImVo _o§ em{_b H$s JB© h¢&
I. {dXoer _wÐm J¡a-_m¡{ÐH$ _Xo§ Omo na§namJV bmJV Ho AZwgma br JB©, boZXoZ H$s VmarI Ho {d{Z_` Xa H$m à`moJ H$aHo [anmoQ© H$s JB© h¢&
J. Q—oqSJ Ho {bE Ym[aV ~H$m`m dm`Xm {d{Z_` hm{Oa d dm`Xm H$ama {d{Z{X©îQ n[an¹VmAmo§ hoVw E\ B©SrEAmB© Ûmam A{Ygy{MV {d{Z_` Xamo§ na nwZ_y©ë`m§{H$V {H$E JE h¢ VWm n[aUm_r bm^ `m hm{Z H$mo bm^ hm{Z ImVo _o§ {b`m J`m h¡&
K. {dXoe {d{Z_` dm`Xm g§{dXmE§, Omo Q—oqSJ hoVw C{ÔîQ Zht h¢ VWm VwbZ nÌ Ho {XZm§H$ H$mo ~H$m`m h¢, CZH$m nwZ_y©ë`Z E\$B©SrEAmB© Ûmam A{Ygy{MV A§{V_ hm{µOa Xamo§ na {H$`m J`m h¡ VWm n[aUm_r bm^ `m hm{Z bm^-hm{Z ImVo _o§ Xem©B© JB© h¡& Eogo dm`Xm {d{Z_` g§{dXm Ho àma§^ na CËnÞ àr{_`_ `m ~Åo H$mo g§{dXm Ad{Y _o§ ã`mO ì`` AWdm Am` Ho ê$n _o§ n[aemo{YV {H$`m J`m h¡&
L. {dXoer _wÐm _o§ AmH$pñ_H$ Xo`VmAmo§ Ho E\$B©SrEAmB© H$s A§{V_ hm{µOa Xamo§ H$m Cn`moJ H$aHo [anmoQ© {H$`m J`m h¡&
8. ì`wËn{Þ`m±
i. ~¢H$ {dXoer _wÐm ã`mO Xa ñd¡n, _wÐm ñd¡n, _wÐm â`wMa, Am°ßeZ VWm dm`Xm Xa H$ama O¡go ì`wËnÞ g§{dXmE§ H$aVm h¡&
ii. ì`wËnÞ H$amamo§ na ~Mmd (hoO) Ho ê$n _o§ dJr©H¥$V Am`/ì`` CnM` AmYma na XO© H$s JB© h¡&
iii. g^r Q—oqSJ ì`wËnÞ g§{dXmE§ ~mOma Xa na {Z{X©îQ H$s JB© h¢ VWm n[aUm_r bm^ `m hm{Z bm^-hm{Z boIo _o§ {d{Z{X©îQ H$s JB© h¡&
iv. g^r ì`wËnÞ boZXoZ AmH$pñ_H$ Xo`VmAmo§ Ho VhV dJr©H¥$V {H$E JE h¢ VWm {dXoer _wÐm _yë`dJ© Ho boZXoZmo§ H$mo E\$B©SrEAmB© A§{V_ hm{µOa Xamo§ H$m à`moJ H$aHo [anmoQ© {H$`m J`m h¡&
9. ~hþ_yë` YmVw {Z{hV boZ XoZ
i. ~hw_yë` YmVw boZXoZ go àmßV Am` H$mo "AÝ` Am`’ Ho ê$n _o§ boIm§{H$V {H$`m J`m h¡& naofU AmYma na àmßV YmVwAmo§ Ho _m_bo
232
consignment basis, the income thereon is recognized at the time of sale.
ii. Commodity loans to the constituents and deposits from public under the gold deposit scheme in the form of precious metals are translated at market related rates prevailing at the close of the period and shown under the head “Advances” and “Deposits” respectively.
iii. Closing stock of precious metals [own dealing] is valued at lower of the cost and net realizable value.
iv. Closing stock of gold held under Gold Deposit Scheme is valued at market related rates, as per the RBI guidelines.
10. CASH AND BALANCES WITH RESERVE BANK OF INDIA
Cash and Balance with Reserve Bank of India include cash on hand and in ATM’s, and gold in hand and balances with RBI in current accounts.
11. EMPLOYEE BENEFITS Banking Entity:
a) The Bank has accounted for Employee Benefi ts as per Accounting Standard 15 issued by the Institute of Chartered Accountants of India.
b) i) Contributions payable to Gratuity, Pension, Leave Encashment and Sick Leave etc., which are defi ned benefi ts are accounted based on actuarial valuations made at the Balance Sheet date, carried out by an independent actuary;
ii) Contributions payable to the recognized provident fund / National Pension Scheme (NPS), which is a defi ned contribution scheme; are charged to the Profi t and Loss Account.
Non-Banking Entity:Payments made to parent organization viz., Corporation Bank’s staff, towards emoluments/provident funds of their employees/offi cials, whose services are lent to the Company on deputation basis, are regarded as Company’s costs.
Employee Retirement Benefi ts being the liability of the parent organization viz. Corporation Bank is not recognized in the Financial Statement. Similar is the case for termination benefi ts and leave encashment.
12. LEASE TRANSACTIONS Lease payments for assets taken on operating lease are
recognized as an expense in the profi t and loss account on a straight-line basis over the lease term.
13. CONTINGENT LIABILITIES AND PROVISIONS In conformity with AS 29, “Provisions, Contingent
Liabilities and Contingent Assets”, issued by the ICAI, the Bank recognizes provisions only when it has a present obligation as a result of a past event, it is probable that an outfl ow of resources embodying economic benefi ts will be required to settle the obligation, and when a reliable estimate of the amount of the obligation can be made.
_o§ Cgo {~H«$s Ho g_` H$s Am` Ho AmYma na {ZYm©aU {H$`m J`m h¡&
ii. ~hw_yë` YmVwAmo§ Ho ê$n _o§ JŒmhH$mo§ H$mo {XE JE nÊ` G$Umo§ VWm OZVm go ñdU© O_m `moOZm Ho A§VJ©V àmßV O_mAmo§ H$mo Ad{Y g_mpßV Ho g_` àM{bV ~mµOma g§~Õ Xamo§ _o§ n[ad{V©V {H$`m J`m h¡ VWm HŒ _e… "A{J«_' Am¡a "O_mE±' erf© Ho VhV Xem©`m J`m h¡&
iii. ~hw_yë` YmVwAmo§ Ho A§{V_ ñQmH$ H$mo (AnZo boZXoZ) bmJV go {ZåZ VWm {Zdb dgybr `mo½` _yë` na Am±H$m J`m h¡&
iv. ñdU© O_m `moOZm Ho A§VJ©V Ym[aV ñdU© Ho A§{V_ ñQmH$ H$mo ^maVr` [aµOd© ~¢H$ Ho {Xem{ZXo©emo§ Ho AZwgma ~mµOma g§~Õ Xamo§ na Am±H$m J`m h¡&
10. ZH Xr Ed§ ^maVr` [aµOd© ~¢H _o§ eof
ZH$Xr VWm maVr` [aµOd© ~¢H$ _o§ eof _o§ hñVJV d EQrE_mo§ _o§ ZH$Xr VWm hñVJV ñdU© Ed§ ^maVr` [aµOd© ~¢H$ Ho nmg Mmby ImVo _o§ eof em{_b h¢&
11. ñQm\ {hVbm^ ~¢qH$J g§ñWm:
H ) ^maVr` gZXr boImH$ma g§ñWmZ Ûmam Omar boIm§H$Z _mZH$ 15 Ho AZwgma H$_©Mmar {hVbm^ hoVw ~¢H$ ImVo h¢&
I) i) JŒ¡À`wQr, no§eZ Am¡a NwÅr ZH$XrH$aU H$mo Xo` A§eXmZ Omo n[a^m{fV bm^ `moOZmE§ h¢, H$m boIm§H$Z dmñV{dH$ _yë`m§H$ZHo AmYma na , VwbZ nÌ Ho {XZm§H$ H$mo ñdV§Ì ~r_m§H$H$ Ûmam {H$`m OmVm h¡&
ii) {Z{X©îQ ^{dî` {Z{Y/amîQ—r` no§eZ `moOZm (EZnrEg) Omo n[a^m{fV A{^XmZ `moOZmE± h¢, BZ_o§ Xo` A§eXmZ H$mo bm^ Am¡a hm{Z ImVo _o§ à^m[aV {H$`m J`m h¡&
J¡a ~¢qH$J g§ñWm: _yb g§ñWm H$mo {H$`m J`m ^wJVmZ O¡go H$mnmo©aoeZ ~¢H$ Ho do ñQm\ Omo
AÝ`Ì à{V{Z`w{º na h¢ CZHo doVZ/^{dî` {Z{Y hoVw {H$`m J`m ^wJVmZ H$mo H§$nZr Ho ì`` Ho ê$n _o§ {XIm`m J`m h¡&
H$_©Mmar H$m [aQm`a_o§Q bm^ _yb g§ñWm AWm©V H$mnm}aoeZ ~¢H$H$s O~m~Xohr h¡ AV… Bgo {dÎmr` {ddaU _o§ Zht {XIm`m J`m h¡& ~Im©ñVJr bm^ VWm NwÅr ZH$Xr H$aU Ho gmW ^r `hr ì`dhma {H$`m J`m h¡¡&
12. nÅmJV boZ-XoZ
n[aMmbZ nÅo na br JB© AmpñV`mo§ hoVw nÅo Ho ^wJVmZmo§ H$mo nÅo H$s Ad{Y _o§ grYr aoIm nÕ{V Ho AmYma na bm^-hm{Z boIo _o§ ì`` Ho ê$n _o§ {b`m J`m h¡&
13. AmH pñ_H Xo`VmE§ Ed§ àmdYmZ
^maVr` gZXr boImH$ma g§ñWmZ Ûmam Omar boIm§H$Z _mZH$29 "àmdYmZ, AmH$pñ_H$ Xo`VmE§ VWm AmH$pñ_H$ AmpñV`m§' Ho AZwê$n ~¢H$ àmdYmZmo§ H$m {ZYm©aU Ho$db V^r H$aVm h¡ O~ {dJV {H$gr KQZm Ho \ bñdê$n Cgo dV©_mZ Xm{`Ëd hmoVm h¡& h $g§^d h¡ {H$ O~ Xm{`Ëd H$m {dœgZr` àm¸ bZ {H$`m OmVm h¡, V~ Am{W©H$ bm^ A{^ì`º H$aZo dmbo g§gmYZmo§ Ho ~mha àdmh go Xm{`Ëd H$m {ZnQmZ H$aZm n‹So&
233ANNUAL REPORT 2018-19
g§^m{dV Xm{`Ëd CËnÞ H$aZo dmbo {nNbr KQZmAmo§ H$s nwpîQ {OZH$m ApñVËd EH$ AWdm A{YH$ A{Z{üV ^mdr KQZmAmo§, Omo nyU©V… ~¢H$ Ho {Z`§ÌU _o§ Zht h¢, Ho KQZo `m Z KQZo na hr, H$s OmEJr AWdm dV©_mZ Xm{`Ëd, Ohm± `h g§^mì` Zht h¡ {H$ Am{W©H$ bm^ CËnÞ H$aZo dmbo g§gmYZmo§ H$m H$moB© ~{hà©dmh Xm{`Ëd H$m {ZnQmZ H$aZo hoVw Ano{jV hmoJm AWdm Xm{`Ëd H$s am{e H$m {dœgZr` àm¸ bZ Zht {H$`m Om gH$Vm h¡, BÝho§ AmH$pñ_H$ Xo`VmAmo§ Ho ê$n _o§ _mZm OmVm h¡ VWm boIm§H$Z _mZH$ EEg-29 Ho AZwgma H$m`©dmB© H$s OmVr h¡&
{dÎmr` {ddaUmo§ _o§ AmH$pñ_H$ AmpñV`mo§ H$m {ZYm©aU Zht {H$`m OmVm h¡&
14. Am` na H$a
Am` H$a ì`` _o§ Mmby H$a (AWm©V² Am` H$a H$mZyZ Ho AZwgma {ZYm©[aV Ad{Y hoVw H$a H$s am{e) VWm AmñW{JV H$a à^ma `m O_m (Ad{Y hoVw boIm§H$Z Am` VWm H$a `mo½` Am` Ho ~rM g_` Ho A§Va H$m H$a à^md à{Vq~{~V H$aZo dmbm) em{_b h¡&
H ) bmJy H$a Xamo§, H$a {d{Y`mo§ Am¡a AZwHy b Ý`m{`H$ CX²¿mmofUmAmo§/{d{YH$ A{^_Vmo§ Ho AZwgma H$amYmZ àm{YH$m[a`mo§ H$mo ^wJVmZ hoVw Ano{jV am{e Ho AmYma na Mmby H$a H$mo _mnm J`m h¡&
I) AmñW{JV H$a à^ma m O_m VWm AZwê$nr AmñWm{JV H$a Xo`VmAmo§ `m AmpñV`mo§ H$mo CZ H$a Xamo§ Ho à`moJ go {ZYm©[aV {H$`m J`m h¡ Omo VwbZnÌ {XZm§H$ VH$ A{Y{Z`{_V `m _yb ê$n go A{Y{Z`{_V H$s JB© h¢& ^m.[a.~¢. Ho {Xem{ZXo©emo§ Ho AZwgma, Am` H$a A{Y{Z`_, 1961 H$s Ymam 36(1)(viii) Ho A§VJ©V H$Q>m¡Vr H$mo ñWmB© A§Va Zht _mZm J`m h¡ AmñW{JV H$a Xo`Vm g¥{OV H$s OmZr h¡& Ohm± VH$ {Zdoe g§{d^mJ _o§ _yë`õmg H$m gdmb h¡, My±{H$ boImo§ Ho AZwgma {Zdoemo§ na _yë`õmg _o§ A§Va Am¡a Am` H$a A{^H$bZ Ho AZwgma A§Va H$mo ñWmB© A§Va _mZm OmVm h¡, AV… {Zdoe na _yë`õmg Ho à{V SrQrEb H$m g¥OZ Amdí`H$ Zht g_Âmm J`m& AmñW{JV H$a AmpñV`mo§ H$m {ZYm©aU Cgr gr_m VH$ {ddoH$mZwgma {H$`m J`m h¡ Ohm± h$g§^mì` {Z{üVVm ahVr h¡ {H$ AmpñV`mo§ H$mo {dî` _o§ àmßV {H$`m Om gH$Vm h¡&
15. à{V eo`a AO©Z
_yb Ed§ VZwH¥$V à{V eo`a Am` H$m n[aH$bZ ^maVr` gZXr boImH$ma g§ñWmZ Ûmam Omar boIm§H$Z _mZH$ 20, à{V eo`a AO©Z Ho AZwê$n {H$`m J`m h¡&
16. {Q—Ja Bdo§Q Ho hmoZo na ~ogb III AmYm[aV A{V[aº {Q`a I ~m°ÊS VWm {Q`a II ~m°ÊS H m {Zê$nU:
H ) {Q—Ja Bdo§Q AWm©V², gm_mÝ` Bp¹Qr {Q`a I {Q—Ja Bdo§Q Ho hmoZo na ~¢H$ ~m°ÊSmo§ Ho ~H$m`m _ybYZ H$m AdboIZ H$aoJm Omo ""EQr1 ~m°ÊS [aµOd©'' Ho g¥OZ Ûmam Cnamoº grB©Qr1 {Q—Ja Bdo§Q H$mo ~¢H$ Ho gm_mÝ` B{¹$Q>r AZwnmV H$s VËH$mb dmngr hoVw Ano{jV am{e go H$_ Zht hmoJm& Bg àH$ma g¥{OV [aµOd© gm_mÝ` B{¹$Q>r {Q`a I ny±Or ~m°ÊS H$m ^mJ hmoJm {Ogo grB©Qr1 {Q—Ja Bdo§Q Ho hmoZo na AñWm`r ê$n go Adbo{IV {H$`m J`m h¡, H$mo EQr-1 ~m°ÊS [aµOd© _o§ Zm_o H$aVo hwE ~m°ÊS {ZJ©_/^m.[a.~¢. {Xem{ZXo©emo§ Ho AZwgma nwZ…ñWm{nV {H$`m OmEJm&
Past events leading to possible obligations existence of which will be confi rmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Bank; or present obligations where it is not probable that an outfl ow of resources embodying economic benefi ts will be required to settle the obligation; or a reliable estimate of the amount of obligation cannot be made, are treated as contingent liabilities and are dealt-with in accordance with AS-29.
Contingent Assets are not recognized in the fi nancial statements.
14. TAXES ON INCOME Income-tax expense comprises current tax [i.e. amount
of tax for the period determined in accordance with the income-tax law] and deferred-tax charge or credit [refl ecting tax effects of timing differences between accounting income and taxable income for the period].
a] Current tax is measured at the amount expected to be paid to the taxation authorities, using the applicable tax rates, tax laws and favourable judicial pronouncements/legal opinions.
b] The deferred-tax charge or credit and the corresponding deferred-tax liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by the Balance Sheet date. As advised by the RBI, Bank shall create Deferred Tax Liabilities on the “Special Reserves” created by Banks under Section 36 (1) (viii) of the Income Tax Act, 1961. Deferred Tax assets are recognized keeping in view the consideration of prudence only to the extent there is virtual certainty that the assets are realized in future.
15. EARNINGS PER SHARE Basic and Diluted Earnings per Equity Share are computed
in accordance with Accounting Standard 20, Earnings Per Share, issued by the Institute of Chartered Accountants of India.
16. TREATMENT OF BASEL III COMPLIANT ADDITIONAL TIER I BONDS AND TIER II BONDS ON OCCURRENCE OF TRIGGER EVENTS:
a] On occurrence of Trigger event i.e. Common Equity Tier I trigger event the Bank shall write-down the outstanding principal of the Bonds not less than that the amount required to immediately return the Banks Common Equity Ratio to above the CET1 trigger event by creating “AT 1 Bond Reserve”. The reserve so created shall be part of Common Equity Tier I Capital Bonds written down on occurrence of CET1 Trigger event temporarily may be re-instated in terms of Bond issue/RBI guidelines by debit to AT-1 Bond reserve.
234
[ P.V. Bharathi]Managing Director & CEO
[Gopal Murli Bhagat] Executive Director
[Birupaksha Mishra] Executive Director
[Manish Gupta] Director
[P. K. Panda] Director
[K. Srinivasa Murthy] Director
[M. Bhagavantha Rao] Director
[Pradeep Kumar Jain] Director
[Chitra Gouri Lal] Director
[V. Muthukrishnan] General Manager
[Gyana Ranjan Sarangi] Deputy General Manager
[Subhash Kumar Keshav] Deputy General Manager
For Datta Singla & Co.Chartered Accountants
FRN: 006185N
[CA Sanjeev Aggarwal]Partner
Membership No. 503932
For A. K. Sabat & Co.Chartered Accountants
FRN: 321012E
[CA. A. K. Sabat]Partner
Membership No. 30310
For Pramod & AssociatesChartered Accountants
FRN: 001557C
[CA Ravindra Raniwala]Partner
Membership No. 073191For Chandran & RamanChartered Accountants
FRN: 000571S
[CA S. G. Kalyanaraman]Partner
Membership No. 10652
For S. Ramanand Aiyar & Co.Chartered Accountants
FRN: 000990N
[CA Binod C. Maharana]Partner
Membership No. 056373
b] On occurrence of Point of Non Viability [PONV] trigger event initiated by Reserve Bank of India, the Bank may create common equity Tier I capital by writing off Additional Tier I Bond principal amount permanently with corresponding creation of AT-1 Bond reserve/Tier II Bond Reserve as the case may be. The re-instatement clause is not applicable on occurrence of PONV trigger event.
I) ^maVr` [aµOd© ~¢H$ Ûmam àma§^ ßdmB§Q Am°\ Zm°Z dm`o{~{bQr
(nrAmoEZdr) {Q—Ja Bdo§Q Ho hmoZo na, _m_bo Ho AZwgma EQr-1
~m°ÊS [aµOd©/{Q`a II ~m°ÊS [aµOd© Ho VXZwê$nr g¥OZ Ho gmW ñWm`r
ê$n go A{V[aº {Q`a I ~m°ÊS _ybYZ am{e Ho AdboIZ Ûmam
gm_mÝ` Bp¹Qr {Q`a I ny±Or H$m g¥OZ H$a gH$Vo h¢& nwZ…ñWmnZm eV©
nrAmoEZdr {Q—Ja Bdo§Q H$s KQZm na bmJy Zht h¡&
[nr.dr.^maVr]à~§Y {ZXoeH Ed§ grB©Amo
[Jmonmb _wabr ^JV] H$m`©nmbH {ZXoeH
[{~énmj {_lm] H$m`©nmbH {ZXoeH
[_Zrf JwßVm] {ZXoeH
[nr. Ho . nm§Sm] {ZXoeH
[Ho . lr{Zdmg _y{V©] {ZXoeH
[E_. ^Jd§V amd] {ZXoeH
[àXrn Hw _ma O¡Z] {ZXoeH
[{MÌm Jm¡ar bmb] {ZXoeH
[dr. _wËVwH¥ îUZ] _hm à~§YH
[kmZ a§OZ gma§Jr] Cn _hmà~§YH
[gw^mf Hw$_ma Ho$ed] Cn _hmà~§YH
H¥$Vo XÎmm qgJbm EÊS H§ . gZXr boImH ma
E\$AmaEZ-006185EZ
H¥$Vo E. Ho . g~V EÊS H§ . gZXr boImH ma
E\$AmaEZ-321012B©
H¥$Vo à_moX EÊS Egmo{gEQ²g gZXr boImH ma
E\$AmaEZ-001557gr
(grE g§Ord AJ«dmb)gmÂmoXma
gXñ` g§.503932
(grE E. Ho . g~V)gmÂmoXma
gXñ` g§. 30310
(grE a{dÝÐ amZrdmbm)gmÂmoXma
gXñ` g§. 073191
H¥$Vo MÝÐZ EÊS a_Z gZXr boImH ma
E\$AmaEZ-000571Eg
(grE Eg.Or. H$ë`mUa_U)gmÂmoXma
gXñ` g§.10652
H¥$Vo Eg. am_mZ§X Aæ`a EÊS H§ . gZXr boImH ma
E\$AmaEZ-000990EZ
(grE {~ZmoX gr. _hmamUm)gmÂmoXma
gXñ` g§.056373
ñWmZ …_§Jbyé/Place : Mangaluru{XZm§H … 17 ‘B©, 2019/Date : 17 May, 2019
235ANNUAL REPORT 2018-19
SCHEDULE 18
NOTES TO THE ACCOUNTS FORMING PART OF THE CONSOLIDATED
FINANCIAL STATEMENTS
1. DEFERRED TAX :
a) The bank has reckoned the Income Computation and Disclosure Standards (ICDS) as per Notifi cation by Central Board of Direct Taxes (CBDT) Dt 29.09.2016, read with Circular of CBDT Dt 23.03.2017 in this regard which are applicable for the Assessment Year 2018-19 and subsequent Assessment Years.
b) The Bank has been recognizing deferred tax assets and liabilities as per Accounting Standard 22 issued by Institute of Chartered Accountants of India (ICAI), however during the current year deferred tax assets on timing differences other than tax losses to the tune of `1740.09 crore has been recognized. Considering the quantum of loss and prudence, the current year deferred tax asset of `1240.13 crore on tax loss has not been recognized. The bank carries a deferred tax asset of `1557.96 crore on tax losses to 31.03.2018. The Components of deferred taxes are as under:
(` in Crores)
Particulars31st March,
201931st March,
2018
Deferred Tax Assets on account of
Leave encashment Provision 89.78 86.75
Funded Interest Term Loans 56.61 97.39
Sacrifi ce 20.46 35.94
Loan Losses 3,914.38 2,431.18
Depreciation on Fixed Assets 48.36 17.02
Taxable Income/(Loss) 1,557.96 1,542.98
On Standard Assets Provision 258.67 10.30
Total 5,946.22 4,221.56
Deferred Tax Liabilities on account of
Pension & Gratuity - Prepayment – 20.24
Long Term Finance Income 499.96 495.16
Total 499.96 515.40
Net Deferred tax (Liabilities) / Assets 5,446.26 3,706.16
Deferred Tax Assets (net) `5446.26 crore (Previous Year Deferred Tax Assets (net) `3706.16 crores) is included under “other assets”.
AZwgyMr 18
boImo§ H$s {Qßn{U`m± Omo g_o{H V {dÎmr` {ddaU H m A§J h¢
1. AmñW{JV H a :
H ) ~¢H Zo H|$Ðr` àË`j H$a ~moS© Ho n{anÌ gr~rSrQr {XZm§{H$V 23.03.2017 Ho gmW n{RV gr~rSrQr A{YgyMZm {XZm§{H$V 29.09.2016 Ho AZwgma Am` JUZm Am¡a àH$Q>rH$aU _mZH (AmB©grSrEg) H$s nwpîQ H$s h¡, Bg g§~§Y _o§ Omo AmH$bZ df© 2018-19 Am¡a CgHo ~mX Ho _yë`m§H$Z df© Ho {bE bmJy h¢ &
I) ~¢H B§pñQQ²æyQ Am°\ MmQ©S© EH$mC§Qo§Q²g Am°\ B§{S`m (ICAI) Ûmam Omar {H$E JE boIm§H$Z _mZH 22 Ho AZwgma, AmñW{JV H$a AmpñV`mo§ Am¡a XoZXm{a`mo§ H$mo _mÝ`Vm XoVm ahm h¡, hmbm±{H Mmby df© Ho Xm¡amZ AÝ` Q¡Šg hm{Z`mo§ Ho Abmdm H$mbm§Va _o§ AmñW{JV H$a g§n{Îm`mo§ H$mo `1740.09 H$amo‹S AmH${bV {H$`m J`m h¡& hm{Z Am¡a A{eîQVm H$s _mÌm H$mo Ü`mZ _o§ aIVo hwE,Mmby df© _o§ H$a hm{Z na `1240.13 H$amo‹S H$s AmñW{JV H$a AmpñV`mo§ H$mo g§kmZ _o§ Zht {b`m J`m h¡ & ~¢H 31.03.2018 H$mo H$a KmQo KmQo na 1557.96 H$amo‹S H$s AmñW{JV H$a AmpñV aIVm h¢ BgHo _w»` KQH {ZåZdV² h¢ &
(` H amo‹S _o§)
{ddaU31 _mM©,
201931 _mM©,
2018
AmñW{JV H a AmpñV`m§
NwÅr ZH XrH aU 89.78 86.75
{dÎmnmo{fV ã`mO _r`mXr G$U 56.61 97.39
n[aË`mJ 20.46 35.94
G$U g§~§Yr hm{Z`m± 3,914.38 2,431.18
pñWa AmpñV`mo§ na _yë`õmg 48.36 17.02
H a `mo½` Am`/(hm{Z) 1,557.96 1,542.98
Hw N {Z{X©îQ _mZH AmpñV`mo§ hoVw AmB©AmaEgr _mZX§Smo§ Ho AZwgma àmdYmZ
258.67 10.30
Hw b 5,946.22 4,221.56
AmñW{JV H a Xo`VmE§
no§eZ d J«¡À`wQr - nyd© ^wJVmZ – 20.24
XrKm©d{Y {dÎm Am` 499.96 495.16
Hw b 499.96 515.40
{Zdb AmñW{JV H a (Xo`Vm)/AmpñV 5,446.26 3,706.16
AmñW{JV H a AmpñV ({Zdb) 5446.26 H amo‹S (JV df© AmñW{JV H a AmpñV ({Zdb) `3706.16 H amo‹S) H mo ""AÝ` AmpñV`mo§'' Ho A§VJ©V em{_b {H m J`m&
236
2. SEGMENT REPORTING: Part A:Disclosure as per “AS 17 - Segment Reporting”, issued by the Institute of Chartered Accountants of India are given below:
(` H amo‹S _o§) (` in Crores)HŒ .g§.
Sl. No.{ddaU
Particulars31 _mM©, 2019
31 March, 201931 _mM©, 2018
31 March, 2018
H ) a) àI§S amOñd Segment Revenue
i) Q—oµOar n[aMmbZ Treasury Operations 4,121.61 6,429.73
ii) WmoH ~¢qH J Wholesale Banking 7,087.52 7,174.08
iii) IwXam ~¢qH J Retail Banking 5,320.25 5,385.60
iv) AÝ` ~¢qH J n[aMmbZ Other Banking Operations 398.02 457.61
v) AZm~§{QV Unallocated 576.70 500.38
Hw b Total 17,504.09 19,947.40
I) b) àI§S n[aUm_ Segment Results àË`oH àI§S go H a nyd© Am¡a ã`mO nümV² bm^ (+) hm{Z (-)
Profi t (+) Loss (-) before tax and after interest from each segment
i) Q—oµOar n[aMmbZ Treasury Operations (48.13) 464.45
ii) WmoH ~¢qH J Wholesale Banking (7,782.81) (6,819.21)
iii) IwXam ~¢qH J Retail Banking 498.80 419.25
iv) AÝ` ~¢qH J n[aMmbZ Other Banking Operations 397.17 456.87 Hw b Total (6,934.97) (5,478.64)
J) c) AZm~§{QV ì`` Unallocated Expenses 1105.03 1196.60
K) d) H$a go nyd© Hw$b bm^/(hm{Z) Total Profi t/(Loss) before Tax (8,040.00) (6,675.25)
L) e) Am` H a Income Tax (1,714.70) (2,625.32)
M) f ) AgmYmaU bm^/(hm{Z) Extraordinary Profi t/(Loss) 0.00 0.00
N) g) {Zdb bm^/(hm{Z) Net Profi t/(Loss) (6,325.30) (4,049.93)
O) h) AÝ` gyMZm Other Information 0.00 0.00
Âm) i) àI§S AmpñV`m± Segment Assets
i) Q—oµOar n[aMmbZ Treasury Operations 60,943.96 72,196.01
ii) WmoH ~¢qH J Wholesale Banking 65,204.55 66,930.56
iii) IwXam ~¢qH J Retail Banking 63,081.65 60,871.74
iv) AÝ` ~¢qH J n[aMmbZ Other Banking Operations 48.47 39.99
v) AZm~§{QV AmpñV`m± Unallocated Assets 24345.48 21887.88
Hw b Total 213,624.11 221,926.18
àI§S Xo`VmE± Segment Liabilities:i) Q—oµOar n[aMmbZ Treasury Operations 54,109.78 65,719.83
ii) WmoH ~¢qH J Wholesale Banking 58,917.43 62,147.49
iii) IwXam ~¢qH J Retail Banking 60,929.39 61,244.15
iv) AÝ` ~¢qH J n[aMmbZ Other Banking Operations 1.96 (2.44)
v) AZm~§{QV Xo`VmE§ Unallocated liabilities 23,054.42 21,929.32 Hw b Total 197,012.99 211,038.36
à`wº ny±Or ((àI§S> AmpñV`m±-àI§S> Xo`VmE±) Capital Employed (Segment assets-Segment liabilities)i) Q—oµOar n[aMmbZ Treasury Operations 6,834.18 6,476.18
ii) WmoH ~¢qH J Wholesale Banking 6,287.12 4,783.07
iii) IwXam ~¢qH J Retail Banking 2,152.26 (372.42)
iv) AÝ` ~¢qH J n[aMmbZ Other Banking Operations 46.51 42.43 v) AZm~§{QV Xo`VmE§ Unallocated Assets 1,291.06 (41.44)
Hw b Total 16,611.12 10,887.82
2. àI§S [anmoqQ©J
^mJ H$:^maVr` gZXr boImH ma g§ñWmZ Ûmam Omar ""boIm§H Z _mZH 17- àI§S [anmo{Q>ªJ'' Ho AZwgma àH QZ {ZåZdV² h¡:
237ANNUAL REPORT 2018-19
^mJ I : ^m¡Jmo{bH àI§S My±{H ~¢H H$s H$moB© {dXoer emIm Zht h¡ AV: ^m¡Jmo{bH àI§S àñVwV Zht {H$`m J`m h¡&
{QßnUr : 1. boIm _mZH$m| Ho AZwnmbZ na Ama~rAmB© Ho {Xem{ZXo©emo§ Ho AZwgma,
~¢H Zo AmB©grEAmB© Ûmam "goJ_o§Q [anmo{Q>ªJ' na Omar EEg-17 Ho AZwnmbZ Ho CÔoí` go "Kaoby goJ_o§Q' Ho VhV àmW{_H IÊSmo§ Ho ê$n _o§ "Q—oOar Am°naoe§g', "hmobgob', "{aQob' Am¡a "AÝ` ~¢qH J Am°naoe§g' H$mo AnZm`m h¡&
2. àI§S Xo`VmE§ CZHo g§~§{YV àI§S n{ag§n{Îm`mo§ Ho AZwnmV _o§ {dV{aV H$s OmVr h¢&
3. dV©_mZ {V_mhr/Ad{Y H$s àñVw{V Ho AmYma na {nNbr Ad{Y/df© Ho Am§H$‹So H$mo nwZ: EH {ÌV/nwZd©JuH¥$V {H$`m J`m h¡Ÿ&
3. g§~§{YV nmQr© àH QrH aU :
^maVr` [aµOd© ~¢H Ho {Xem{ZXo©emo§ Ho gmW n{RV maVr` gZXr boImH ma g§ñWmZ Ûmam Omar ""EEg 18-g§~§{YV nmQr© àH QZ'' Ho AZwnmbZ _o§ g§~§{YV nmQr© boZ XoZ go g§~§{YV {ddaU {ZåZdV² h¢:
Part B : Geographic Segment The Geographic segment consists of only domestic segment as the Bank does not have any foreign branch.Notes:
1. As per guidelines of RBI on compliance with Accounting Standards, the Bank has adopted "Treasury Operations", "Wholesale", "Retail" and "Other Banking Operations" as Primary segments under "Domestic Segment" for the purpose of compliance with AS-17 on "Segment Reporting" issued by ICAI.
2. Segment Liabilities are distributed in the ratio of their respective Segment Assets.
3. Figures of the previous period/year have been regrouped/ reclassifi ed based on current quarter/period's presentation.
3. RELATED PARTY DISCLOSURES :In compliance with “Accounting Standard 18 - Related Party Disclosures”, issued by the Institute of Chartered Accountants of India read along with the Reserve Bank of India guidelines, the details of Related Party Transactions are disclosed as under:
g§~§{YV nm{Q©`mo§ H$m Zm_ Ed§ H$mnmo©aoeZ ~¢H Ho gmW CZH$m g§~§Y/ Name of the related parties and relationship with Corporation Bank
_w»` à~§YZ H$m{_©H/Key Management Personnel (KMP)
Zm_ g§~§Y
lr_Vr nr. dr. ^maVr (01.02.2019 go)(01-02-2016 go)Smt. P. V. Bharathi (from 01.02.2019)
à~§Y {ZXoeH E§d _w»` H m`©nmbH A{YH marManaging Director & CEO
lr O` Hw$_ma JJ© (VH$ 31.01.2019)22-01-)Shri Jai Kumar Garg (Till 31.01.2019)
à~§Y {ZXoeH E§d _w»` H m`©nmbH A{YH marManaging Director & CEO
lr Jmonmb _wabr ^JVShri Gopal Murli Bhagat
H m`©nmbH {ZXoeHExecutive Director
lr {~énmj {_lm (26.12.2018 go) Shri Birupaksha Mishra (From 26.12.2018)
H m`©nmbH {ZXoeHExecutive Director
H$mn© ~¢H goŠ`y{aQrO {b{_QoS/Corp bank Securities Limited AZwf§Jr/Subsidiary
g§~§{YV nm{Q©`mo§ go boZXoZ/Transactions with the related parties: (` H$amo‹S _o§ )/(`in Crores)
HŒ . g§./Sl. No.
boZXoZ H$m àH ma /Nature of transaction Ho$E_nr/KMP
n[al{_H$/Remuneration 31 _mM©, 2019 31 _mM©, 2018
1. lr_Vr nr. dr. ^maVr/Smt. P. V. Bharathi 0.05 –
2. lr O` Hw _ma JJ©/Shri Jai Kumar Garg 0.27 0.30
3. lr Jmonmb _wabr ^JV/Shri Gopal Murli Bhagat 0.28 0.26
4. lr {~énmj {_lm/Shri Birupaksha Mishra 0.08 –
{QßnUr: AZwf§Jr Ho gmW boZ-XoZ H$m Iwbmgm EEg -18 "g§~§{YV nmQ>u àH$Q>rH$aU' Ho n¡am 9 Ho _ÔoZOa Zht {H$`m J`m h¡, Omo amÁ` {Z`§{ÌV CÚ_mo§ H$mo amÁ` {Z`§{ÌV AÝ` g§~§{YV njmo§ Ho gmW CZHo boZXoZ go g§~§{YV {H$gr ^r Iwbmgo H$mo H$aZo go NyQ XoVm h¡ &
_w»` à~§YZ H$m{_©H$m| Am¡a _w»` àd§YZ H$m{_©H$m| Ho {aíVoXmamo Ho gmW ~¢H$a J«mhH$ g§~§Y _o§ boZXoZmo§ H$mo EEg 18 Ho AZwÀNoX 5 H$s eVmoª _o§ àH$Q> {H$`m J`m h¡&
Note: The transactions with the subsidiary are not disclosed in view of para 9 of AS-18 “Related Party Disclosure”, which exempts state controlled enterprises from making any disclosures pertaining to their transactions with other related parties, which are also state controlled.
Transactions in the nature of banker-customer relationship including those with KMP and relatives of KMP have been disclosed in terms of Para 5 of AS-18.
238
4. à{V eo`a AO©Z :à{V eo`a _yb AO©Z…
{ddaU 31 _mM©, 2019
31 _mM©, 2018
B©pŠdQ>r eo`aYmaH mo§ hoVw CnbãY H a Ho ~mX {Zdb bm^/(hm{Z) (am{e H amo‹S _o§)
(6,325.30) (4,049.93)
^m[aV Am¡gV B©pŠdQ>r eo`amo§ H$s g§»`m (H amo‹S _o§)
210.66 114.85
à{V eo`a _yb AO©Z (`) (30.03) (37.31)
à{V eo`a Zm__mÌ _yë` (`) 2.00 2.00
VZyH¥ V à{V eo`a AO©Z: bmJy Zht Š`mo§{H H moB© VZyH¥$V g§^mì` B©pŠdQ>r eo`a Zht h¡&
5. ny§Or n`m©ßVVm: bmJy Zht h¡&
6. pñWa AmpñV`m±:
i. n[aga _o§ `12.23 H amo‹S (JV df© `12.47 H amo‹S) H$s bmJV
dmbr n[ag§n{Îm`m± ^r em{_b h¢ {OZHo {bE n§OrH aU H$s
Am¡nMm[aH$VmE§ b§{~V h¢&
ii. pñWa AmpñV`mo§ _o§ ny±OrJV Mmby H m`©-n[aga go g§~§{YV `4.40
H amo‹S (JV df© `1.50 H$amo‹S>) em{_b h¡&
iii. df© 2018-19 Ho Xm¡amZ A{O©V gm°âQdo`amo§ H$s bmJV `37.04
H amo‹S (JV df© `37.48 H amo‹S) h¡ Am¡a df© Ho Xm¡amZ n[aemo{YV
am{e `38.56 H amo‹S (JV df© `28.61 H amo‹S) h¡&
iv. ny±OrJV ImVo na {ZînmXZ hoVw b§{~V g§{dXmE± {OZHo {bE àmdYmZ
Zht {H m J`m, `105.06 H amo‹S (JV df© `578.59 H amo‹S) h¡&
v. df© Ho Xm¡amZ ~¢H Zo `19.26 H amo‹S H mo ^y{_ d ^dZ Ho
nwZ_y©ë`m§H Z hoVw Ama{jV {Z{Y`mo§ go àË`md{V©V {H$`m (JV df©
`16.46 H amo‹S)&
vi. Ama~rAmB© {Xem{ZXoemo§ Ho AZwgma ~¢H Zo ~¢H Ho ñdm{_Ëd
dmbr g§n{Îm`mo§ H$m nwZ_y©ë`m§H$Z {H$`m {OgH$m _yë` {nNbo _yë`
`687.99 H$amo‹S Ho _wH$m~bo `962.62 H$amo‹S ahm&
vii. df© 2018-19 Ho Xm¡amZ, `4.19 H$amo‹S H$s am{e H$mo dñVw d
godm H$a (OrEgQr) Ho H$maU pñWa AmpñV`mo§ H$s bmJV go H$_
{H$`m J`m h¡ Vm{H BgH m Cn`moJ OrEgQr Xo`Vm Ho {bE {Z{dpîQ
O_m Ho ê$n _o§ {H$`m Om gHo (JV df© `2.33. H$amo‹S)&
4. EARNINGS PER SHARE:
Basic Earnings per Share:
Particulars31 March,
201931 March,
2018
Net profi t/(loss) after tax available for equity shareholders (` in crores) (6,325.30) (4,049.93)
Weighted average number of equity shares (in crores)
210.66 114.85
Basic Earnings per Share (`) (30.03) (37.31)
Nominal Value per Share (`) 2.00 2.00
Diluted Earnings per Share: Not applicable as there are no dilutive potential equity shares.
5. CAPITAL ADEQUACY :
Not applicable.
6. FIXED ASSETS:
i. Premises include properties costing `12.23 Crores (previous year `12.47 crores) for which registration formalities are pending.
ii. Fixed Assets include `4.40 crores (Previous Year `1.50 crores) in respect of Capital Work in Progress-Premises.
iii. During the year 2018-19, cost of software acquired is `37.04 crores (Previous Year `37.48 crores) and the amount amortized during the year is `38.56 crores (Previous Year `28.61 crores).
iv. Contracts pending execution on Capital account and not provided for is `105.06 crores (Previous Year `578.59 crores).
v. During the year, the Bank has reversed `19.26 crores from the revaluation reserve towards the General Reserve (previous years `16.46 crores).
vi. As per RBI guidelines, Bank has carried out Revaluation of Bank owned properties, the value of which is `962.62 crores as against the previous value of `687.99 crores.
vii. During the year 2018-19, an amount of `4.19 crores has been reduced from the cost of Fixed Assets on account of Goods and Services Tax (GST) for utilizing the same as input credit against GST liability (previous year `2.33 crores)
239ANNUAL REPORT 2018-19
7. H$_©Mmar {hVbm^:7.1 ^maVr` gZXr boImH ma g§ñWmZ Ûmam Omar boIm§H Z _mZH
EEg 15 Ho AZwgma ~¢H Ûmam H _©Mmar {hVbm^ hoVw boIm§H Z {H m J`m h¡&
(H ) VwbZ nÌ H$s VmarI H mo à`wº _w»` ~r_m§{H V YmaUmE§…
7. EMPLOYEE BENEFITS:
7.1 The Bank has accounted for Employee Benefi ts as per AS 15 issued by the Institute of Chartered Accountants of India.
(a) The Principal actuarial assumptions used as at the balance sheet date:
(à{VeV _|/in percentage)
n[a^m{fV {hVbm^ {Z{YHDefi ned Benefi ts Funded
no§eZ ({Z{YH)Pension (Funded)
JŒ¡À`wQr ({Z{YH )Gratuity (Funded)
XrKm©d{Y à{VnyaH {hVbm^ (A{Z{YH)
Long Term compensated absences (Un-funded)
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
~Åm Xa Discount Rate 7.77% 7.85% 7.77% 7.85% 7.77% 7.85%
doVZ d¥{Õ Salaries increase 5.50% 5.50% 5.50% 5.50% 5.50% 5.50%
no§eZ d¥{Õ Pension increase 5.50% 5.50% bmJy Zht NA bmJy Zht NA bmJy Zht NA bmJy Zht NA
EQ´>reZ Xa Attrition Rate 2.02% 1.43% 1.63% 1.31% 1.63% 1.31%
`moOZm AmpñV`mo§ na àË`m{eV à{Vbm^ XaExpected Rate of Return on Plan Assets
8.22% 8.12% 8.14% 8.11%bmJy Zht
NAbmJy Zht
NA
(I) n[a^m{fV {hVbm^ Xm{`Ëd Am¡a `moOZm AmpñV`m| Ho dV©_mZ _yë` Ho Ama§{^H Ed§ A§{V_ eof H m g_mYmZ {ZåZdV² àñVwV h¡…(b) A reconciliation of Opening and Closing Balances of the present value of the defi ned benefi t obligation and Plan assets is as
under:
n[a^m{fV {hVbm^ Defi ned benefi ts
(` H amo‹S _o§) (` in Crores)
Xm{`Ëd Obligations
no§eZ ({Z{YH$)Pension (Funded)
JŒ¡À`wQr ({Z{YH$)Gratuity (Funded)
XrKm©d{Y à{VnyaH {hVbm^(A{Z{YH$)
Long Term compensated absences (Un-funded)
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
Ama§{^H eof Opening Balance 3,427.79 3,206.07 543.97 460.38 250.65 247.16
ã`mO bmJV Interest Cost 260.42 228.81 38.98 31.93 17.75 16.56
Mmby godm bmJV Current Service Cost 93.03 82.66 48.17 42.66 38.55 35.02
{dJV godm bmJV - {ZYm©[aVPast service cost – recognized
– – – – – –
{dJV godm bmJV - A{ZYm©[aVPast service cost – unrecognized
– – – – – –
{dJV godm bmJV - n[aemoYZ hoVw AnmÌPast service cost – Not eligible for amortization
– – – – – –
àXÎm {hVbm^ Benefi ts Paid (220.66) (186.03) (84.56) (51.80) (49.16) (43.61)
Xm{`Ëd na ~r_m§{H H$ (bm^)/hm{ZActuarial (Gain) / Loss on obligation
85.92 96.28 19.08 60.80 (0.86) (4.48)
A§{V_ eof Closing Balance 3,646.50 3,427.79 565.64 543.97 256.93 250.65
240
(` H amo‹S _o§) (` in Crores)
`moOZm AmpñV`m± Plan Assets
no§eZ ({Z{YH$) Pension (Funded) JŒ¡À`wQr ({Z{YH$) Gratuity (Funded)
31 _mM©, 201931st March, 2019
31 _mM©, 201831st March, 2018
31 _mM©, 201931st March, 2019
31 _mM©, 201831st March, 2018
Aà¡b H mo `moOZm AmpñV`mo§ H m C{MV _yë`Fair Value of plan assets as on April
3,427.79 3,216.07 485.48 462.37
`moOZm AmpñV A§eXmZmo§ na àË`m{eV à{Vbm^Expected Return on Plan Assets Contributions
278.77 516.63 40.71 38.12
{Z`moº$m A§eXmZ Employer Contribution 147.76 139.52 113.86 40.00
Xygao Ý`mg Am¡a gXñ`mo§ go A§VaU Transfer from other trust and members
– – – –
àXÎm {hVbm^ Benefi ts Paid (220.66) (186.03) (84.57) (51.80)
~r_m§{H H$ bm^/(-) hm{Z Actuarial gain / (-) loss (5.33) (258.40) (0.23) (3.20)
`moOZm AmpñV`mo§ H m A§{H V _yë` Fair Value of plan assets as on March 2019
3,628.33 3,427.79 555.25 485.49
(J) bm^ Ed§ hm{Z boIm _o§ {ZYm©[aV Hw b ì``…(c) Total Expenses recognized in the Profi t and Loss Account : (` H amo‹S _o§) (` in Crores)
n[a^m{fV {hVbm^ Defi ned benefi ts
no§eZ ({Z{YH )Pension (Funded)
JŒ¡À`wQr ({Z{YH )Gratuity (Funded)
XrKm©d{Y à{VnyaH {hVbm^ (A{Z{YH)
Long Term compensated benefi t absences
(Un-funded)
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
Mmby godm bmJV Current Service Cost 93.03 82.66 48.17 42.66 38.55 35.02
ã`mO bmJV Interest Cost 260.42 228.81 38.98 31.93 17.75 16.56
`moOZm AmpñV`mo§ na àË`m{eV à{Vbm^Expected return on plan assets
(278.78) (516.63) (40.71) (38.11) – –
Ad{Y Ho Xm¡amZ {ZYm©[aV {Zdb ~r_m§{H$H$ (bm^)/hm{ZNet Actuarial (Gain) / Loss recognized in the period
91.25 354.68 19.32 63.99 (0.86) (4.48)
{dJV godm bmJV - {ZYm©[aV Past service cost–recognized – – – – – –
{dJV godm bmJV - n[aemoYZ hoVw AnmÌPast service cost – Not eligible for amortization
– – – – – –
bm^ Ed§ hm{Z {ddaU _o§ {ZYm©[aV ì``Expenses recognized in the Statement of Profi t and Loss
165.92 149.52 65.76 41.99 55.44 47.10
AJbo df© _o§ n{aemoYZ hoVw AmñW{JV {dJV godm bmJV (VrZ {V_m{h`mo§ _o§ g_mZ ê$n go)Past service cost deferred for amortisation in next year (Equally in three quarters)
– – – 58.48* – –
* {dÎm df© 2017-18 `58.48 H$amo‹S Ho KmQo Ho {bE {dÎm df© 2018-19 H$s VrZ {V_m{h`mo§ _o§ g_mZ àmdYmZ {H$`m J`m h¡|* Defi cit of `58.48 Crore for the Financial Year 2017-18 provided in Financial Year 2018-19 in Three Quarters equally.^maVr` {aµOd© ~¢H Zo AnZo nÌ g§X^© g§. Sr~rAma.~rnr.9730/21/21.04.018/2017-18 {XZm§{H$V 27 Aà¡b 2018 Ho O{aE 31 _mM© 2018 H$mo g_mßV {V_mhr go àma§^ hmoZo dmbr Mmamo§ {V_m{h`mo§ Ho {bE CnXmZ g§Xm` A{Y{Z`_ 1972 Ho VhV 29 _mM©, 2018 go `10 bmI go `20 bmI VH JŒ¡À wQr _o§ d¥{Õ Ho H$maU A{V{aº Xo`Vm H$mo \¡$bmZo H$m {dH$ën ~¢H$m| H$mo {X`m h¡& VXZwgma, 31-03-2018 H$mo g_mßV {V_mhr _o§ `19.49 H$amo‹S H$m àmdYmZ {H$`m h¡ VWm {dÎmr` df© 2018-19 H$s ~mX H$s VrZ {V_m{h`mo§ hoVw `58.48 H$amo‹S àmdYm{ZV {H$`m J`m h¡& Reserve bank of India vide their letter ref no: DBR.BP.9730/21/21.04.2018/2017-18 dt April 27, 2018 has given the option to the banks to spread the additional liability on account of the enhancement in Gratuity Limits from `10 Lakh to `20 Lakh from 29th March 2018 under the Payment of Gratuity Act over 4 quarters beginning with the quarter ended March 31, 2018. Accordingly `19.49 crore was provided in the quarter ended 31st March 2018 and `58.48 Crore has been provided in fi rst three quarters of the FY 2018-19.
241ANNUAL REPORT 2018-19
(K) `moOZm AmpñV`mo§ H m g§KQZ…(d) The Compositions of Plan Assets:
(à{VeV _o§) (In Percentage)
{ddaU Particulars
no§eZ ({Z{YH )Pension (Funded)
JŒ¡À`wQr ({Z{YH )Gratuity (Funded)
31 _mM©, 201931st March, 2019
31 _mM©, 201831st March, 2018
31 _mM©, 201931st March, 2019
31 _mM©, 201831st March, 2018
gaH mar à{V^y{V`m± Government Securities – – – –
CÀM JwUdÎmm gaH mar ~m±S High Quality Corporate Bonds 1.78 2.60 5.99 7.19
{deof O_mam{e`m± Special Deposits 2.62 3.24 1.58 0.46
AÝ` (nrEg`y) Other (PSU) – – – –
~r_m `moOZmAmo§ Ho A§VJ©V AmpñV`m±Assets under Insurance Schemes
95.60 94.16 92.43 92.35
Hw b Total 100.00 100.00 100.00 100.00
(L) n[a^m{fV {hVbm^ Xm{`Ëdmo§ H$m dV©_mZ _yë`, `moOZm AmpñV`mo§ H$m C{MV _yë`, A{Yeof/H$_r VWm Mmby Ed§ JV df© Ho {bE AZw^d g_m`moOZ {ZåZmZwgma h¡…
(e) The present value of defi ned benefi ts obligations, the fair value of plan assets, Surplus/Defi cits and experience adjustments are as under:
(` H amo‹S _o§) (` in Crores)
no§eZ Pension
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2017
31st March, 2017
31 _mM©, 2016
31st March, 2016
31 _mM©, 2015
31st March, 2015
Xm{`Ëd H m dV©_mZ _yë` PV of Obligation 3646.50 3427.79 3206.07 2975.91 2779.59
`moOZm AmpñV`mo§ H m C{MV _yë` Fair Value of Plan Assets 3628.33 3427.79 3216.07 2985.32 2809.49
(A{Yeof)/H _r (Surplus) /Defi cits 18.17 0.00 (10.00) (9.41) (29.90)
An[aemo{YV Xo`Vm Un-amortized Liability 0.00 0.00 0.00 0.00 0.00
(A{Yeof)/H _r [An[aemo{YV Xo`Vm H m {Zdb](Surplus) / Defi cits [Net of Un-amortized Liability]
18.17 0.00 (10.00) (9.41) (29.90)
`moOZm Xo`VmAmo§ na AZw^d g_m`moOZ (hm{Z)/bm^Experience Adjustment on Plan Liabilities (Loss)/Gain
(85.92) (96.28) (89.20) (118.10) (148.08)
`moOZm AmpñV`mo§ na AZw^d g_m`moOZ (hm{Z)/bm^Experience Adjustment on Plan Assets (Loss)/Gain
(5.33) (258.41) (7.00) 23.46 61.96
JŒ¡À`wQr Gratuity
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2017
31st March, 2017
31 _mM©, 2016
31st March, 2016
31 _mM©, 2015
31st March, 2015
Xm{`Ëd H m dV©_mZ _yë` PV of Obligation 565.64 543.97 460.38 451.25 465.03
`moOZm AmpñV`mo§ H m C{MV _yë` Fair Value of Plan Assets 555.25 485.48 462.37 468.42 478.85
(A{Yeof)/H$_r (Surplus) /Defi cits 10.39 58.49 (1.99) 17.17 13.82
`moOZm Xo`VmAmo§ na AZw^d g_m`moOZ (hm{Z)/bm^Experience Adjustment on Plan Liabilities (Loss)/ Gain
(19.08) (60.80) 23.51 28.81 20.73
`moOZm AmpñV`mo§ na AZw^d g_m`moOZ (hm{Z)/bm^Experience Adjustment on Plan Assets (Loss)/ Gain
(0.23) (3.20) (1.10) (1.30) 18.30
242
XrKm©d{Y à{VnyaH {hVbm^ AZwnpñW{VLong term compensated absences
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2017
31st March, 2017
31 _mM©, 2016
31st March, 2016
31 _mM©, 2015
31st March, 2015
Xm{`Ëd H m dV©_mZ _yë` PV of Obligation 256.93 250.65 247.16 247.36 236.56
`moOZm AmpñV`mo§ H m C{MV _yë` Fair value of Plan Assets 0 0 0.00 0.00 0.00
(A{Yeof)/H _r (Surplus) /Defi cits 256.93 250.65 247.16 247.36 236.56
`moOZm Xo`VmAmo§ na AZw^d g_m`moOZ (hm{Z)/bm^Experience Adjustment on Plan Liabilities (Loss)/ Gain
(0.86) (4.48) (7.64) (5.56) (6.49)
`moOZm AmpñV`mo§ na AZw^d g_m`moOZ (hm{Z)/bm^Experience Adjustment on Plan Assets (Loss)/Gain
0 0 0 0 0
H _©Mmar ~r_mar NwÅr `moOZm - df© 2018-19 Ho Xm¡amZ, ~¢H Zo ~r_mar NwÅr hoVw ~mÜ`Vm nyar H$aZo hoVw `2.07 H amo‹S H m Hw b ì`` {H$`m h¡& `Wm 31.03.2019 H$mo {Z{Y _yë` H$m dV©_mZ _yë` `58.01 H$amo‹S h¡&The Employee Sick Leave Scheme - During the year 2018-19, Bank has provided total expenses of `2.07 crore for meeting the obligations towards Sick Leave. Present value of Fund as on 31st March, 2019 is `58.01 crore.
M. `Wm 31 _mM© 2019 H mo VwbZ nÌ _o§ _mÝ`Vm àmßV {Zdb AmpñV/(Xo`Vm) : f. Net Asset/(Liability) recognized in the Balance Sheet as at March 31, 2019: (` H$amo‹S> _|) (`in crores)
n{a^m{fV {hVbm^Defi ned benefi ts
no§eZ {Z{YHPension [Funded]
JŒ¡À`wQr {Z{YHGratuity Funded]
XrKm©d{Y à{VnyaH {hVbm^A{Z{YH
Long Term compensated absences [Un funded]
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
31 _mM©, 2019
31st March, 2019
31 _mM©, 2018
31st March, 2018
n{a^m{fV Xm{`Ëd H m dV©_mZ _yë` Present value of the defi ned obligation
3,646.50 3,427.79 565.64 543.97 256.93 250.65
`moOZm AmpñV`mo§ H m C{MV _yë` Fair value of the Plan Assets
3,628.33 3,427.79 555.25 485.49 –
–
{Z{YH¥$V pñW{V A{Yeof/(KmQm)Funded Status [surplus/(defi cit)]
(18.17) – (10.39) (58.48)* (256.93) (250.65)
VwbZ nÌ _o§ _mÝ`Vm àmßV {Zdb AmpñV /(Xo`Vm)Net Asset/(Liability) recognised in the Balance Sheet
(18.17) – (10.39) (58.48)* (256.93) (250.65)
* {dÎm df© 2017-18 `58.48 H$amo‹S Ho KmQo Ho {bE {dÎm df© 2018-19 H$s VrZ {V_m{h`mo§ _o§ gm_mZ àmdYmZ {H$`m J`m h¡| Ÿ&* Defi cit of `58.48 crore for the Financial Year 2017-18 provided in Financial Year 2018-19 in Three Quarters equally.
243ANNUAL REPORT 2018-19
8. àmdYmZ, AmH pñ_H Xo`VmE§ Am¡a AmH pñ_H AmpñV`m±8. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS H ) àmdYmZ… a) Provisions: (` H amo‹S _o§) (` in Crores)
H«$. g§.Sl. No.
àmdYmZ H$s àH¥ {V Nature of Provision
`Wm 01.04.2018 H mo
àma§{^H eofOpening
Balance as on 01.04.2018
df© Ho Xm¡amZ {H E JE A{V[aŠV
àmdYmZAdditional
Provision madeduring the year
df© Ho Xm¡amZ à`moJ {H E JE àmdYmZProvision used during the year
df© Ho Xm¡amZ àË`md{V©V àmdYmZ
ProvisionReversed
during the year
`Wm 31.03.2019 H mo A§{V_ eof
Closing Balance as on 31.03.2019
i. J¡.{Z.Am. hoVw {H E JE àmdYmZProvision made towards NPAs
7,929.68 (5,188.34)
12,002.72 (11,111.90)
5,989.44 (8,228.37)
417.58 (142.19)
13,525.38 (7,929.68)
ii. {Zdoe na _yë`õmg hoVw àmdYmZ (J¡.{Z.Am. àmdYmZ g{hV)Provision for Depreciation on Investment (Including NPI provision)
1,139.02 (443.67)
340.20 (821.26)
––
243.25 (125.91)
1,235.97 (1,139.02)
iii. Am` H a/g§n{Îm H a hoVw àmdYmZProvision made towards Income Tax/Wealth Tax
153.90 – – 7.30 146.60
(484.67) – (288.13) (42.64) (153.90)
iv. g^r AÝ` _X| * All others* 1,020.66 189.80 – 171.96 1,038.50
(2,192.18) (4.83) – (1,176.35) (1,020.66)
H moîRH _o§ JV df© Ho Am±H$‹So h¢/Figures in brackets represent Previous Year fi gures
* Bg_o§ H O© Ho ê$n _o§ ñdrH ma Z {H o J`o ~¢H Ho {déÕ Xmdmo§ hoVw àmdYmZ, H nQnyU© boZ-XoZmo§ hoVw àmdYmZ VWm AÝ` {d{dY boZ-XoZ em{_b h¢&
* Includes provision for claims against the Bank not acknowledged as debt, provision towards fraudulent transactions and other miscellaneous transactions.
I) AmH pñ_H Xo`Vm… b) Contingent Liabilities:
i) H O© Ho ê$n _o§ ñdrH$ma Z {H o J`o ~¢H Ho {déÕ Xmdo… Claims against the Bank not acknowledged as debts:
(` H amo‹S _o§) (` in Crores)
{ddaU Particulars Xmdmo§ H$s g§ No. of Claims
gH$b XmdoGross Claim
{Zdb XmdoNet Claim
01-04-2018 H$mo ~H m`m Hw b Xmdo Total Claims outstanding as on 01-04-2018 100 2,317.92 2,311.11
KQmE§: df© Ho Xm¡amZ hQmE/g§emo{YV Xmdo Less: Claims deleted/revised during the year 16 1,058.48 1,058.48
Omo‹So§: df© Ho Xm¡amZ Omo‹So ZE Xmdo Add : Claims added during the year 18 1,980.83 1,980.83
31-03-2019 H mo ~H m`m Hw b Xmdo Total Claims outstanding as on 31-03-2019 102 3,240.27 3,233.46
244
31 _mM©, 2019 H mo ~H m`m Xmdmo§ H m {df`dma dJr©H aU… Subject-wise classifi cation of the claims outstanding as on 31st March, 2019: (` H amo‹S _o§) (` in Crores)
{ddaU ParticularsXmdmo§ H$s g§.
No. of ClaimsgH b Xmdo
Gross Claim{Zdb XmdoNet Claim
~¢H Jma§Qr Bank Guarantees 2 0.16 0.01
MoH /_m±J S—mâQ/^wJVmZ AmXoe Am{X H$s CJmhr Cheques/DD/PO etc., collection 9 0.78 0.23
G$U nmoQ©\$mo{b`mo Credit Portfolio 15 1.15 0.82
O_m nmoQ©\$mo{b`mo Deposits Portfolio 2 0.32 –
gVH© Vm Vigilance 23 6.51 1.71
{d{dY [Am` H$a _m±Jmo§ go g§~§{YV Xmdmo§ g{hV]#Miscellaneous [Including claims on account of Income Tax Demands]#
51 3,231.35 3,230.69
`moJ* Total* 102 3,240.27 3,233.46
* ewéAmV go boH a Ohm± bmJy hmo Xmdmo§ na ã`mO H mo Nmo‹SH a/Excluding interest on claims, wherever applicable, since inception. # H$a Am¡a ã`mO g{hV AmH$pñ_H$ Xo`VmE§ _o§ `3,210.93 H$amo‹S ({dJV df© `2, 290.59 H$amo‹S) Contingent liabilities include tax and interest of `3,210.93 Crores (Previous Year `2,290.59 crores)
9. Ama~rAmB© g§Mma {S>~rAma g§»`m ~rnr.8756/21.04.048/ 2017-18 H$s {XZm§H 2 Aà¡b, 2018 go, EZgrEbQr (gyMr 1 Am¡a gyMr 2) ImVmo§ Ho g§X^© _o§, 31 _mM© 2019 VH ~¢H Ho nmg,`9079.55 H$amo‹S _yë` 100% àmdYmZ h¡&
10. Ama~rAmB© Zo n{anÌ g§. Ama~rAmB©/2017-18/186 {S>{~Ama. g§. {~{n{~gr.108/21.04.048/2017-18 {XZm§H 6 OyZ, 2018 Ho _mÜ`_ go ~¢H mo§ H$mo E_EgE_B© CYmaH$Vm©Am| H$mo {XE JE d¡go G$Umo§ {OZ_o§ 1 {gVå~a 2017 go 31 {Xg§~a, 2018 Ho ~rM Ho ~H$m`m CZH r Xo`Vm H$s dmñV{dH {V{W go 180 {XZmo§ Ho ~mX ^r ^wJVmZ Zht {H$`m J`m h¡, H$mo ñQ¡ÊSS© AmpñV`mo§ Ho ê$n _o§ dJuH¥$V H$aZo H$s AZw_{V Xr h¡ & VXZwgma, ~¢H Zo 31 _mM©, 2019 VH `309.66 H$amo‹S Ho A{JŒ_mo§ H$mo ñQ¡ÊSS© AmpñV`mo§ Ho ê$n _o§ ~aH$ama aIm h¡& Amdí`H$VmZwgma, ~¢H Zo Eogo H$O©Xmam| Ho g§~§Y _o§ `9.75 H$amo‹S H$s ã`mO Am` H mo _mÝ`Vm Zht Xr h¡ Am¡a 31 _mM©, 2019 VH 15.00 H$amo‹S Ho ñQ¡ÊSS© AmpñV àmdYmZ H$mo ~ZmE aIm h¡&
11. Ama~rAmB© Zo n{anÌ g§. Ama~rAmB©/2018-19/100 {S>{~Ama g§. {~{n{~gr. 18/21.04.048/2018-19 {XZm§H 1 OZdar , 2019 Ho _mÜ`_ go ~¢H$m| H$moo E_EgE_B© CYmaH$Vm©Am| H$mo {XE JE d¡go G$Umo§ {OZ_o§ 1 {gVå~a, 2017 go 31 {Xg§~a, 2018 Ho ~rM Ho ~H$m`m CZH r Xo`Vm H$s dmñV{dH {V{W go 180 {XZmo§ Ho ~mX ^r ^wJVmZ Zht {H `m J`m h¡, H mo nwZgªa{MV H aZo Am¡a ñQ¡ÊSS© AmpñV`mo§ Ho ê$n _o§ dJr©H¥ V aIZo H$s AZw_{V Xr h¡| VXZwgma, ~¢H Zo 31 _mM©, 2019 VH `181.85 H amo‹S Ho A{JŒ_mo§ H mo ñQ¡ÊSS© AmpñV`mo§ Ho ê$n _o§ ~aH ama aIm h¡& Amdí`H VmZwgma, ~¢H Zo Eogo H$O©Xmamo§ Ho g§~§Y _o§ 31 _mM©, 2019 VH 9.09 H$amo‹S Ho ñQ¡ÊSS© AmpñV àmdYmZ H$mo ~ZmE aIm h¡&
9. In terms of RBI communication DBR No. BP.8756/21.04.048/2017-18 dated 2nd April, 2018, in respect of NCLT (List 1 & List 2) accounts, as on 31st March 2019, Bank holds 100% provision of the outstanding value of `9079.55 crore.
10. RBI vide Circular No. RBI/2017-18/186 DBR.No.BP.BC.108/21.04.048/2017-18 dated 6th June, 2018 permitted banks to continue the exposure to MSME borrowers to be classifi ed as standard assets where the dues between 1st September, 2017 and 31st December, 2018 are paid not later than 180 days from their respective original due dates. Accordingly, the Bank has retained advances of `309.66 crore as standard assets as on 31st March, 2019. As required, the Bank has not recognised interest income of `9.75 crore and is maintaining a standard asset provision of `15.00 crore as on 31st March, 2019 in respect of such borrowers..
11. RBI vide Circular No. RBI/2018-19/100 DBR.No.BP.BC.18/21.04.048/2018-19 dated 1st January, 2019 permitted banks to restructure the exposure to MSME borrowers and permit them to be classifi ed as standard assets where the dues between 1st September, 2017 and 31st December, 2018 are paid not later than 180 days from their respective original due dates. Accordingly, the Bank has retained advances of `181.85 crore as standard assets as on 31st March, 2019. As required, the Bank has made provision of `9.09 crore as on 31st March, 2019 in respect of such borrowers.
245ANNUAL REPORT 2018-19
12. Ohm± Amdí`H h¡, {nNbo df© Ho Am§H$S>m| H$mo dV©_mZ df© H$s àñVw{V
Ho AZwên ~ZmZo Ho {bE nwZ…dJr©H¥$V/nwZì`©dpñWV {H `m J`m h¡&
12. Previous year's fi gures have been regrouped/rearranged wherever necessary in order to confi rm with the current year presentation.
[ P.V. Bharathi]Managing Director & CEO
[Gopal Murli Bhagat] Executive Director
[Birupaksha Mishra] Executive Director
[Manish Gupta] Director
[P. K. Panda] Director
[K. Srinivasa Murthy] Director
[M. Bhagavantha Rao] Director
[Pradeep Kumar Jain] Director
[Chitra Gouri Lal] Director
[V. Muthukrishnan] General Manager
[Gyana Ranjan Sarangi] Deputy General Manager
[Subhash Kumar Keshav] Deputy General Manager
For Datta Singla & Co.Chartered Accountants
FRN: 006185N
[CA Sanjeev Aggarwal]Partner
Membership No. 503932
For A. K. Sabat & Co.Chartered Accountants
FRN: 321012E
[CA. A. K. Sabat]Partner
Membership No. 30310
For Pramod & AssociatesChartered Accountants
FRN: 001557C
[CA Ravindra Raniwala]Partner
Membership No. 073191For Chandran & RamanChartered Accountants
FRN: 000571S
[CA S. G. Kalyanaraman]Partner
Membership No. 10652
For S. Ramanand Aiyar & Co.Chartered Accountants
FRN: 000990N
[CA Binod C. Maharana]Partner
Membership No. 056373
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Place : MangaluruDate : 17 May, 2019
246
{ddaU PARTICULARS 31.03.2019 H$mo g_mßV df©Year Ended 31.03.2019
31.03.2018 H$mo g_mßV df©Year Ended 31.03.2018
H$.A.
n[aMmbZ H$m`©H$bmnm| go ZH$Xr àdmh / CASH FLOW FROM OPERATING ACTIVITIES
H$a Cnam§V {Zdb bm^/hm{Z (-) Net Profi t/Loss (-) after Tax -6325,29,89 -4049,93,19
Omo‹S>|… H$a hoVw àmdYmZ Add: Provision for Tax -1714,70,08 -2625,31,50
H$a nyd© {Zdb bm^/hm{Z (-) Net Profi t/Loss (-) before Tax -8039,99,97 -6675,24,69
i {ZåZ hoVw g‘m¶moOZ Adjustment for :
pñWa AmpñV¶m| na ‘yë¶õmg Depreciation on Fixed Assets 176,54,38 175,41,49
{Zdoem| na ‘yë¶õmg Depreciation on Investments 340,20,20 820,65,55
EZnrE hoVw ‘yë¶õmg Provision for NPAs 11585,13,72 10982,13,51
‘mZH$ AmpñV¶m| hoVw àmdYmZ Provision for Standard Assets 180,52,52 -815,65,09
{Q>¶a I Am¡a {Q>¶a II ~m±S>m| na àXÎm ã¶mO Interest paid on Tier I & Tier II Bonds 420,81,01 592,65,49
AmH$pñ‘H$VmAm| Am¡a Aݶ hoVw àmdYmZ Provision for Contingencies and Others -43,29,41 -54,63,53
H$_©Mmar H$ë`mU {Z{Y hoVw, _yë`õmg Provision for Staff welfare fund – –
pñWa AmpñV¶m| H$s {~H«$s na (bm^)/hm{Z (Profi t)/Loss on Sale of Fixed Assets 1,49,49 -,45,07
àmßV ã`mO/bm^m§e Interest/Dividend Received -,43,57 -,86,78
å`yMwAb \§$S> Ho$ _moMZ na àmpßV Gain on redemption of Mutual Funds – –
AZwf§{J¶m| Am¡a gh¶mo{J¶m| go bm^m§e Am{X Ûmam A{O©V Am¶ Income earned by way of Dividend etc. from Subsidiaries and Associates
– –
à˶j H$a (àXÎm)/dmng {H$¶m J¶m (H$mn© ~¢H$ Ûmam) Direct Taxes (paid)/Refund (by Corp Bank)
-1139,66,85 -85,28,70
à˶j H$a (àXÎm)/dmng {H$¶m J¶m (H$mn© ~¢H$ {gŠ`y[a{Q>O {b. Ûmam) Direct Taxes (paid)/Refund (by Corp Bank Securities Ltd.)
-1,82,77 -1,43,75
ã¶mO ny±OrH$aU hoVw àmdYmZ Provision for Interest Capitalisation -119,42,00 -301,23,00
ii n[aMmbZ AmpñV¶m| Ed§ Xo¶VmAm| ‘| n[adV©Z go nhbo ZH$Xr àdmh Cash Flow before change in Operating Assets and Liabilities
3360,06,75 4636,05,43
{ZåZ hoVw g‘m¶moOZ Adjustment for:
O‘mam{e¶m| ‘| d¥{Õ/(H$‘r) Increase/(Decrease) in Deposits 1251,44,28 -37243,86,46
CYma ‘| d¥{Õ/(H$‘r) Increase/(Decrease) in Borrowings -10539,37,83 14902,91,01
Aݶ Xo¶VmAm| Ed§ àmdYmZ ‘| d¥{Õ/(H$‘r) Increase/(Decrease) in other liabilities & provisions
-13443,33,46 -12893,62,84
{Zdoem| ‘| (d¥{Õ)/H$‘r (Increase)/Decrease in Investments 10370,57,25 -6276,78,99
A{J«‘m| ‘| (d¥{Õ)/H$‘r (Increase)/Decrease in Advances -1382,37,21 20487,95,66
Aݶ AmpñV¶m| ‘| (d¥{Õ)/H$‘r (Increase)/Decrease in Other Assets 3607,92,30 370,77,44
~Å>o ImVo {bIZo/A§V[aV H$aZo Ho$ {bE Ama{jV {Z{Y¶m| ‘|/go g‘m¶moOZ Adjustments to/from Reserves for Write Off/trf
19,25,54 17,31,29
n[aMmbZ {H«$¶mH$bmnm| go {Zdb ZH$Xr àdmh (H$) NET CASH FLOW FROM OPERATING ACTIVITIES [A]
-6755,82,38 -15999,27,46
H$mnm}aoeZ ~¢H$ CORPORATION BANK31 _mM©, 2019 H$mo g_mßV df© hoVw g_o{H$V ZH$Xr àdmh {ddaU
Consolidated Cash Flow Statement for the year ended 31st March, 2019
(Ÿ` in ’000 _|)
247ANNUAL REPORT 2018-19
{ddaU PARTICULARS 31.03.2019 H$mo g_mßV df©Year Ended 31.03.2019
31.03.2018 H$mo g_mßV df©Year Ended 31.03.2018
I.B.
{Zdoe {H«$¶mH$bmnm| go {Zdb ZH$Xr àdmh CASH FLOW FROM INVESTING ACTIVITIESpñWa AmpñV¶m| H$s {~H«$s/{ZnQ>mZ Sale/Disposal of Fixed Assets -3,78,32 1,74,69
{~H«$s AmpñV¶m| H$s IarX/Purchase of Fixed Assets -111,49,17 -132,34,17
AZwf§{J`m±/g§¶wº$ CÚ‘/gh¶mo{J¶m| ‘| A{V[aº$ {Zdoe Additional Investment in Subsidiary/Joint Ventures/Associates
– –
àmßV ã`mO/bm^m§e Interest/Dividend Received ,43,57 ,86,78
å`yMwAb \§$S> Ho$ _moMZ na àmpßV Gain on redemption of Mutual Funds 2,95,47 2,33,06
AZwf§{J¶m| Am¡a gh¶mo{J¶m| ‘| bm^m§e Am{X Ûmam A{O©V Am¶Income earned by way of Dividend etc. from Subsidiaries and Associates
– –
{Zdoe {H«$¶mH$bmnm| go {Zdb ZH$Xr àdmh (I)-111,88,45 -127,39,64
NET CASH FLOW FROM INVESTING ACTIVITIES [B]
J.C.
{dÎmr¶Z {H«$¶mH$bmnm| go {Zdb ZH$Xr àdmh CASH FLOW FROM FINANCING ACTIVITIESeo¶a ny±Or Ho$ {ZJ©‘Z go AmJ‘ Proceeds from Issuance of Share Capital 11777,37,28 2187,00,00
{Q>¶a I Am¡a {Q>¶a II ~m±S>m| go AmJ‘ Proceeds of Tier I & Tier II Bonds -3237,50,00 800,00,00
{Q>¶a I Am¡a {Q>¶a II ~m±S>m| H$m à{VXmZ Redemption of Tier I & Tier II Bonds – –
{Q>¶a I Am¡a {Q>¶a II ~m±S>m| na àXÎm ã¶mO Interest paid on Tier I & Tier II Bonds -420,81,01 -592,65,49
àXÎm bm^m§e (A§V[a‘ d A§{V_) Dividend (Interim & Final) paid – –
àXÎm bm^m§e g§{dVaU H$a Dividend Distribution Tax paid – –
{dÎmr`Z {H«$¶mH$bmnm| go {Zdb ZH$Xr àdmh (J) 8119,06,27 2394,34,51
NET CASH FLOW FROM FINANCING ACTIVITIES [C]
K.D.
ZH$Xr Am¡a ZH$Xr g‘Vwë¶ ‘| {Zdb d¥{Õ/(H$‘r) (H$+I+J) ¶m (M-L>) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS [A+B+C] or [F-E]
1251,35,43 -13732,32,59
>L.E.
df© Ho$ àma§^ ‘| ZH$Xr Am¡a ZH$Xr g‘Vwë¶ CASH AND CASH EQUIVA-LENTS AT THE BEGINNING OF THE YEARZH$Xr Am¡a ^m.[a.~¢. Ho$ nmg ~¢H$ eof Cash and Bank Balance with RBI 11140,15,44 17496,63,54
~¢H$ Ho$$ nmg eof am{e¶m± Am¡a ‘m±J na Am¡a Aën gyMZm na YZ Balance with Banks and Money at Call and Short Notice
177,52,65 7553,32,14
df© Ho$ àma§^ ‘| {Zdb ZH$Xr Am¡a ZH$Xr g‘Vwë¶ (L>)NET CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR [E]
11317,68,09 25049,95,67
M.F.
df© Ho$ A§V ‘| {Zdb ZH$Xr Am¡a ZH$Xr g‘Vwë¶ CASH AND CASH EQUIVALENTS AT THE END OF THE YEARZH$Xr Am¡a ^m.[a.~¢. Ho$ nmg ~¢H$ eof Cash and Bank Balance with RBI 9661,06,91 11140,15,44
~¢H$ Ho$ nmg eof am{e¶m± Am¡a ‘m±J na Am¡a Aën gyMZm na YZ Balance with Banks and Money at
Call and Short Notice2907,96,58 177,47,66
df© Ho$ A§V ‘| {Zdb ZH$Xr Am¡a ZH$Xr g‘Vwë¶ (M)NET CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR [F]
12569,03,49 11317,63,10
(` in ’000 _|)
248
INDEPENDENT AUDITORS’ REPORT
To the Members of Corpbank Securities Limited
Report on the Financial Statements
Opinion
We have audited the accompanying financial statements of CorpBank Securities Limited (“the Company”) which comprises the Balance Sheet as at March 31, 2019, the Statement of Profit and Loss and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2019, its profit and its cash flows for the year ended on that date.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, 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.
Responsibility of Management for the Financial Statements
The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance, and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting Standards specified under Section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and
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249ANNUAL REPORT 2018-19
application of appropriate implementation and maintenance of 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 statement 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 Company’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 management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors is also responsible for overseeing the company’s financial reporting process.
Auditor’s Responsibility for the Audit of the Financial StatementsOur 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 auditor’s 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 financial statements.
Report on Other Legal and Regulatory RequirementsAs required by the Companies (Auditor’s Report) Order, 2016 (“the Order”), issued by the Central Government of India in terms of sub-section (11) of Section 143 of the Companies Act, 2013, we give in the “Annexure A” a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.
As required by Section 143(3) of the Act, we report that:
We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.
a. In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books.
b. The Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.
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(""AmXoe'') Ho AZwgma h_ Cº AmXoe Ho g§~§{YV A§e H$mo n¡am 3 Am¡a 4 _o§
{d{Z{X©îQ _m_bmo§ na {ddaU AZw~§Y- E _o§ g§b¾ H$aVo h¢&
A{Y{Z`_ H r Ymam 143 (3) Ûmam Ano{jV AZwgma, h_ {anmoQ© H aVo h¢ {H …
h_mar boImnarjm Ho {bE h_mar OmZH mar Am¡a {dœmg Ho AZwgma Amdí`H
g^r gyMZmE± Ed§ ñnîQrH aUmo§ H$mo h_Zo àmßV {H$`m h¡&
H . h_mar am` _o§ Ed§ Cº ~{h`mo§ H$s Om±M go àVrV hmoVm h¡, H§$nZr Zo {d{Y
Ûmam Amdí`H C{MV boIm ~{h`m± aIr h¢;
I. Cº {anmoQ© _o§ g_m{hV VwbZ-nÌ Ed§ bm^-hm{Z {ddaU VWm ZH$Xr
àdmh {ddaU H§ nZr H r boIm ~{h`mo§ go _ob ImVo h¢;
250
c. In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
d. On the basis of the written representations received from the directors as on 31st March, 2019 taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2019 from being appointed as a director in terms of Section 164 (2) of the Act.
e. With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure B”.
f. With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company does not have any pending litigations which would impact its financial position.
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
Report on Direction / Sub-Direction
As required by Section 143(5) of the Act, we give in Annexure C a statement on the direction/sub-direction issued by the Comptroller and Auditor General of India.
Other Matter
The financial statements of CoprBank Securities Limited for the Year ended 31st March, 2018 were audited by another auditor who express an unmodified opinion on those statements as at 31st March, 2018 and we have relied on the opening balances as on 1st April, 2018 based on those audited financial statements.
For Bhuta Shah & Co. LLPChartered AccountantsFirm Registration No. 101474W / W100100
Atul GalaPartner Membership No. 048650
Place : MumbaiDate : 10th May, 2019
J. h_mar am` _o§, Cnamoº {XE JE {dÎmr` {ddaU A{Y{Z`_ H$s Ymam 133
H§$nZr {Z`_ 2014 gn{RV {Z`_ 7 g{hV g§X{^©V boIm§H Z _mZH mo§ H m nmbZ H aVo h¢&
K. 31 _mM© 2019 VH {ZXoeH mo§ go àmßV {b{IV Aä`mdoXZmo§ VWm {ZXoeH _§Sb Ûmam A{^{b{IV {H E OmZo Ho AmYma na A{Y{Z`_ H r Ymam 164(2) Ho AZwgma {H gr ^r {ZXoeH H mo 31 _mM©, 2019 H r pñW{V Ho AZwgma {ZXoeH Ho ên _o§ {Z wº {H E OmZo go A`mo½` Zht Rham`m J`m h¡&
L>. H§$nZr H$s {dÎmr` {anmoqQ©J na Am§V{aH {dÎmr` {Z`§ÌUmo§ H$s n`m©ßVVm Am¡a Eogo {Z`§ÌUmo§ Ho à^mdr n{aMmbZ Ho g§~§Y _o§ H¥ n`m AZw~§Y (I) _o§ {XE JE h_mao {anmoQ© H$m g§X^© bo§&
M. H§ nZr {Z`_(boIm narjm VWm boImnarjH ), 2014 Ho {Z`_ 11 Ho AZwgma boImnarjm {anmoQ© _o§ AÝ` _m_bmo§ H mo em{_b H aZo Ho g§~§Y _o§, h_mao {dMma Am¡a h_mar gyMZm Ho AZwgma Am¡a h_o§ {XE JE ñnîQrH aU
Ho AZwgma;
i. H§$nZr _o§ {H$gr ^r àH$ma H$m b§{~V _wH$X_m Zht h¡ Omo {dÎmr` {ddaU _o§ CZH r {dÎmr` pñW{V H mo à^m{dV H ao§&
ii. H§ nZr Ho nmg ì`wËnÞ H$ama g{hV H$moB© ^r XrK© H mbrZ H$ama Zht h¡ {Oggo ^{dî` _o§ {H gr ^r àH$ma H$s Am{W©H hm{Z H$s g§^mdZm Zht h¡&
iii. H§$nZr Ûmam {ZdoeH {ejm Am¡a g§ajU {Z{Y _o§ A§VaU H$aZo hoVw H$moB© aH _ Zht h¡&
{ZXo©emo§/Cn {ZXo©emo§ na {anmoQ>©
A{Y{Z`_ H$s Ymam 143 (5) Ho AZwgma h_Zo {Z §ÌH Am¡a maVr` _hm boIm narjH Ûmam Omar {ZXo©emo§/Cn {ZXo©emo§ na EH {ddaU AZw~§Y (J) _o§ {X`m h¡&
AÝ` _m_bo
31.03.2018 H$mo g_mßV df© Ho {bE H$mn© ~¢H {gŠ`mo{aQr {b{_QoS Ho {dÎmr` {ddaU H$mo AÝ` boIm narjH go boImnar{jV H$am`m J`m {OgZo `Wm 31.03.2018 Ho Cg {ddaU Ho ~mao _o§ Ag§emo{YV _V àH Q {H `m Am¡a h_Zo Cgr boImnar{jV {ddaU Ho AmYma na Wm 01.04.2018 Ho ewéAmVr eof na ^amogm {H `m &
H¥$Vo ^yQ>m emh EÊS H§ . EbEbnrgZXr boImH ma\$_© n§OrH$aU g§. 101474W / W100100
AVwb Jmbm gmÂmoXmagXñ`Vm g§. 048650
ñWmZ : _w§~B©{XZm§H : 10 _B©, 2019
251ANNUAL REPORT 2018-19
ANNEXURE A
To Independent Auditors’ Report of even date on the financial statements for the year ended 31 March, 2019 referred to in paragraph 1 under the heading of “Report on Other Legal and Regulatory Requirements”.
i) In respect of its fixed assets:
a. The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.
b. The Company has a program of verification of fixed assets to cover all the items in a phased manner over a period of three years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme, certain fixed assets were physically verified by the management during the year. According to the information and explanations given to us no material discrepancies were noticed on such verification.
c. According to the information and explanations given to us and on the basis of our examination of records of the Company, the Company does not have any immovable property in its fixed asset schedule and hence verification of title deeds being held in the name of the Company does not arise.
ii) In respect of its inventories:
The Company is dealing in certificate of deposits and interest bearing securities and equity shares which are in dematerialized form. Accordingly the question of physical verification of such certificate of deposits or securities does not arise. Further, on the basis of our examination of the records of inventories, we are of the opinion that the Company is maintaining proper records of inventories.
iii) As explained to us, the directors of the Company are nominees of the Corporation Bank and are not to be regarded as concerned or interested under section 189 of the Act. The Company has not granted loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the register maintained under section 189 of the Act. Accordingly, the provisions of Clause (iii) of Para 3 of the Order are not applicable to the Company.
iv) In our opinion and according to the information and explanations given to us, The Company has not granted
AZw~§Y E
31 _mM©, 2019 H$mo g_mßV df© hoVw {dÎmr` {ddaUmo§ na g_{XZm§{H V
{anmoQ© na ñdV§Ì boIm narjH$m| H$s {anmoQ© ""AÝ` {d{YH Am¡a {d{Z`m_H
Amdí`H VmAmo§ na {anmoQ©'' Ho A§VJ©V AZwÀNoX 1 _o§ g§X{^©V h¡&
i) BgHo ñWmB© AmpñV`mo§ Ho g§~§Y _o§
H . H§$nZr _o§ {aH mS© H m C{MV AZwajU {H m h¡, pñWa AmpñV`mo§ H m
JwUmË_H {ddaU Am¡a pñW{V H mo Xem©`m h¡&
I. MaUdma ê$n go g^r AmBQ_mo§ H$mo H$da H$aVo hwE H§$nZr Ûmam
ha VrZ df© Ho Xm¡amZ à~§YZ Ûmam pñWa AmpñV`mo§ H$m ^m¡{VH
gË`mnZ {H `m OmVm h¡, Omo {H h_mao _V go Eogo AmpñV`mo§ Ho
AmH ma Am¡a ñdên Ho {bE n`m©ßV h¡& Bg H m`©HŒ _ Ho A§VJ©V,
df© Ho Xm¡amZ à~§YZ Ûmam pñWa AmpñV`mo§ H$s ^m¡{VH Om§M H$s
JB©& h_o§ {X`o JE ñnîQrH aU Am¡a gyMZm Ho AZwgma Eogo gË`mnZ
na à~§YZ Ûmam Cg {aH mS© Am¡a ^m¡{VH Om§M _o§ H$moB© {dg§J{V
Zht nmB© JB©&
J. h_o§ Xr JB© gyMZm Am¡a ñnîQrH$aU Ed§ h_mao Ûmam H§$nZr Ho$ [aH$mS>©
H$s Om°§M Ho$ AmYma na H§$nZr Ho nmg BgHo$ AMb AmpñV
AZwgyMr _| H$moB© AMb g§n{Îm Zht h¡ Am¡a Bg{bE H§$nZr Ho Zm_
_o§ ñdËd{dboI Ho Om§M H$s Amdí`H Vm Zht h¡&
ii) BgHo BZdo§QarµO Ho g§~§Y _o§:
H§$nZr O_mAmo§ Ho à_mUnÌ H$m ì`dhma H$aVr h¡ Am¡a à{V^y{V`mo§
H$m ã`mO Sr_oQo{abmBO àmén _o§ hmoVm h¡& VXZwgma Eogo O_m
à_mUnÌmo§ `m à{V^y{V`m| H$s ^m¡{VH Om§M H$s Amdí`H Vm Zht
h¡& BZdo§Q{a`mo§ Ho [aH$mS>© Ho h_mao ñnîQrH aU Ho AmYma na, h_mam
A{^_V `h h¡ {H H§$nZr BZdo§Qar H$m C{MV {aH$mS© aIVr h¡&
iii) H§$nZr Ho {ZXoeH mo§ Ûmam h_o§ {XE JE ñnîQrH aU Ho AZwgma H§$nZr
H$mnmo©aoeZ ~¢H H$s Zm{_Vr h¡ Am¡a H§$nZr H$s Ymam 189 Ho VhV
g§~§{YV `m {hVm{YH mar Zht h¡& H§ nZr {H gr ^r H§ nZr, \ _©,
gr{_V Xo`Vm gmÂmoXmar `m A{Y{Z`_ H$s Ymam 189 _o§ n§OrH¥ V
AÝ` nm{Q©`mo§ H$mo gwa{jV `m Agwa{jV G$U àXmZ Zht H aVr h¡&
Bg{bE AmXoe Ho$ I§S 3(iii) Ho VhV [anmo{Q>ªJ H$s Amdí`H Vm
Zht h¡&
iv) h_mao {dMma go Am¡a h_o§ XrE JE gyMZmAmo§ Ed§ ñnîQrH aUm| Ho AmYma
na H§$nZr Ymam 185 Ed§ 186 Ho VhV H moB© G$U `m A{JŒ_ _§Oya Zht
252
any loans or advances, provided any guarantee or security under Section 185 and 186, except investment, which is in compliance with Section 186.
v) According to information and explanations given to us, the Company has not accepted any deposits from the public as per provisions of Section 73 to 76 of the Act and rules framed thereunder, and accordingly, the provisions of Clause (v) of Para 3 of the Order are not applicable to the Company.
vi) The maintenance of cost records has not been specified by the Central Government under sub-section (1) of Section 148 of the Act and accordingly, provisions of Clause (vi) of Para 3 of the Order are not applicable to the Company.
vii) In respect of statutory dues:
a. According to information and explanations given to us and on the basis of our examination of records of the Company, the Company has generally been regular in depositing undisputed statutory dues including Income-tax, GST, Cess and any other relevant statutory dues with the appropriate authorities. According to the information and explanations given to us, there were no arrears of statutory dues as on 31 March, 2019 for a period of more than six months from the date they became payable.
b. According to the information and explanations given to us, there are no dues of income tax, GST and any other relevant statutory dues which have not been deposited on account of any dispute.
viii) In our opinion and according to the information and explanations given to us, the Company does not have any loans or borrowings payable to any financial institution, bank, Government or dues to debenture holders.
ix) Based on our audit procedures and on the information and explanations given to us by the management, the Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) during the year.
x) Based on the audit procedures performed and based on the information and explanations given to us by the management, we report that no fraud by the Company or on the Company by its officers or employees has been noticed or reported during the year.
H$aVr h¡, H moB© {Zdoe Zht H aVr h¡, H moB© Jma§Qr m à{V^y{V àXmZ Zht
H$aVr h¢, CZ {Zdoem| Ho$ Abmdm Omo Ymam 186 Ho$ AZwnmbZ
_| h¡&
v) h_o§ Xr JB© gyMZm Am¡a ñnîQrH aU Ho AmYma na H§ nZr Zo A{Y{Z`_
H$s Ymam 73 go 76 Ed§ BgHo AÝVJ©V ~Zm`o J`o {Z`_ Ho AZwgma
OZVm go H moB© O_m ñdrH¥ V Zht H r h¡ Am¡a VXZwgma AmXoe Ho nmam
3 Ho Cn~§Y(v) H§$nZr na bmJy Zht hmo§Jo&
vi) H|$Ð gaH$ma Zo H§$nZr Ho {H$gr ^r CËnmX Ho {bE A{Y{Z`_ H$s Ymam
148 Ho$ CnYmam (1) Ho A§VJ©V {aH mS© Ho AZwajU hoVw AZwajU
ewëH {ZYm©{aV Zht {H `m h¡& VXZwgma AmXoe H$m IÊS 3 H$m Cn~§Y
(vi) H§$nZr na bmJy Zht h¡&
vii) d¡Ym{ZH ~H m`m Ho g§~§Y _o§
H . h_o§ Xr JB© gyMZm Am¡a ñnîQrH aU Ho AZwgma Am¡a h_mao Ûmam
H§ nZr Ho [aH$mS>© H$s Om§M H aZo Ho ~mX h_mam _V h¡ {H H§$nZr
{Z{d©dmX d¡Úm{ZH ~H$m`m g{hV Am`H$a, OrEgQr, gog
VWm Xygao bmJy d¡Ym{ZH ~H$m`m H$mo {Z`{_V ê$n go A{YH¥$V
àmYrH m{a`mo§ Ho nmg O_m H$a ahr h¡ & h_| Xr JB© ñnï>rH$aU Ho$
AZwgma `Wm 31 _mM© 2019 Ho$ Xo` {V{W go N: _hrZo go A{YH
H$s Ad{Y Ho {bE H moB© d¡Ym{ZH ~H m`m Xo` Zht h¡&
I. h_o Xr JB© gyMZm Am¡a ñnîQrH aU Ho AZwgma Am¡a h_mao Ûmam
H§$nZr Ho {aH mS© H$s Om§M H aZo Ho ~mX Am`H a, OrEgQr, gog
VWm AÝ` H moB© ^r d¡Ym{ZH ~H m`m Zht h¡, {OgH mo {ddmX Ho
H$maU O_m Zht {H `m J`m h¡&
viii) h_mao _V go Am¡a h_o§ Xr JB© gyMZm Am¡a ñnîQrH aU Ho AZwgma H§ nZr
Ûmam H moB© G$U Zht {b`m J`m h¡ AWdm {H gr {dÎmr` g§ñWm, ~¢H ,
gaH ma H mo H moB© CYma Xo` Zht h¡ `m {S~o§MaYmaH H mo H moB© ~H m`m
Zht h¡&
ix) h_mao boImnarjm à{H«$`m VWm à~§YZ Ûmam h_o§ Xr JB© gyMZm Am¡a
ñnîQrH aU Ho AmYma na df© Ho Xm¡amZ H§$nZr Zo B{Z{e`b npãbH
Am°\ a m {H gr Am¡a npãbH Am°\ a (G$U {bIV g{hV) Ho _mÜ`_
go H moB© YZ g§JŒh Zht {H `m h¡&
x) h_mao Ûmam H r JB© boImnarjm à{H«$`m VWm à~§YZ Ûmam h_o§ Xr JB©
gyMZm Am¡a ñnîQrH aU Ho AmYma na h_ {anmoQ© H$aVo h¢ {H H§$nZr Ho
Ûmam `m H§$nZr _o§ BgHo A{YH m{a`mo§ `m H _©Mm{a`mo§ Ûmam df© Ho Xm¡amZ
H$moB© ^r H$nQ> {H$`m OmZm g§kmZ _o§ Zht Am`m h¡ Am¡a Z hr {anmoQ©
{H `m J`m h¡ &
253ANNUAL REPORT 2018-19
xi) Based on the audit procedures performed and the information and explanations given to us by the management, the managerial remuneration has been paid or provided in accordance with the requisite approvals mandated by the provisions of Section 197 read with Schedule V to the Act.
xii) In our opinion and according to the information and explanations given to us, the Company is not a nidhi Company. Accordingly, the provisions of Clause (xii) of Para 3 of the Order are not applicable to the Company.
xiii) According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the related parties are in compliance with Sections 177 and 188 of the Act where applicable and details of such transactions have been disclosed in the financial statements as required by the applicable accounting standards.
xiv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year.
xv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not entered into non-cash transactions with directors or persons connected with the directors. Accordingly, provisions of Clause (xv) of Para 3 of the Order are not applicable to the Company.
xvi) The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934 and accordingly, question of obtaining registration thereof does not arise.
For Bhuta Shah & Co. LLPChartered AccountantsFirm Registration No. 101474W / W100100
Atul GalaPartner Membership No. 048650
Place : MumbaiDate : 10th May, 2019
xi) H$s JB© boImnarjm à{HŒ `m Ho AmYma na Ed§ à~§YZ Ûmam h_o§ Xr
JB© gyMZm Ed§ ñnîQrH aU Ho AmYma na A{Y{Z`_ H$s AZwgy{MV
Ho gmW gn{RV Ymam 197 Ho àmdYmZmo§ Ho Ûmam AZw_mo{XV
_¢SoQ Ho AZwgaU _o§ à~§YH r` nm{al{_H H m ^wJVmZ {H `m
J`m h¡&
xii) h_mao _V Ed§ h_o§ Xr JB© gyMZm Ed§ ñnîQrH aU Ho AZwgma H§$nZr
H$moB© {Z{Y H§$nZr Zht h¡& VXZwgma AmXoe Ho n¡am. 3 Ho I§S (xii) Ho
àmdYmZ H§$nZr Ho {bE bmJy Zht h¡&
xiii) h_o§ Xr JB© gyMZm Ed§ ñnîQrH aU Ho AZwgma Am¡a h_mao Ûmam H§ nZr
Ho {aH m°S© Ho narjU Ho AmYma na H§ nZr Zo g§~§{YV nmQr© boZXoZ Ho
g§~§Y _o§ `Wm bmJy A{Y{Z`_ H r Ymam 177 Am¡a 188 Ho àmdYmZmo§
H m AZwnmbZ {H `m h¡ VWm Eogo boZXoZmo§ Ho {ddaUmo§ H mo boIm_mZH
H r Amdí`H VmZwgma {dÎmr` {ddaU _o§ àH QZ {H `m h¡&
xiv) h_o§ Xr JB© gyMZm Ed§ ñnîQrH$aUmo§ Ho AZwgma Am¡a h_mao Ûmam H§ nZr
Ho {aH m°S© Ho narjU Ho AmYma na H§ nZr Zo df© Ho Xm¡amZ eo`amo§
`m nyU©V: AWdm Am§{eH én go g§n{adV©Zr` {S~o§Mamo§ H m H moB©
A{Y_mZr Am~§QZ `m {ZOr ßbog_o§Q Zht {H `m h¡&
xv) h_o§ Xr JB© gyMZm Ed§ ñnîQrH aU Ho AZwgma Am¡a h_mao Ûmam H§ nZr Ho
{aH m°S© Ho narjU Ho AmYma na H§ nZr Zo {ZXoeH mo§ `m CZgo g§~§{YV
ì`{º`mo§ Ho gmW H moB© J¡a ZH Xr boZ-XoZ Zht {H `m h¡& VXZwgma,
AmXoe Ho n¡am 3 Ho I§S (xv) H m àmdYmZ H§ nZr na bmJy Zht h¡&
xvi) ^maVr` {a‹Od© ~¢H A{Y{Z`_ 1934 H$s Ymam 45-IA Ho VhV
H§$nZr Ho n§OrH$aU H$s Amdí`H$Vm Zht h¡ Am¡a VXZwgma, CZHo
n§OrH aU g§»`m àmßV H$aZo H r Amdí`H Vm Zht h¡&
H¥$Vo ^yQ>m emh EÊS H§ . EbEbnrgZXr boImH maE\ AmaEZ. 101474W / W100100
AVwb Jmbm gmÂmoXmagXñ`Vm g§. 048650
ñWmZ : _w§~B©{XZm§H : 10 _B©, 2019
254
ANNEXURE B
To Independent Auditors’ Report of even date referred to in paragraph 2(f ) under the heading of “Report on Other Legal and Regulatory Requirements”
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)
We have audited the internal financial controls over financial reporting of CorpBank Securities Limited (“the Company”) as of 31 March, 2019 in conjunction with our audit of the financial statements of the Company for the period ended on that date.
Management’s Responsibility for Internal Financial Controls
The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company 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 (‘ICAI’). 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 company’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 Act.
Auditors’ Responsibility
Our responsibility is to express an opinion on the Company’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”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143 (10) of the Act, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, issued by the Institute of Chartered Accountants of India. 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 was established and maintained and if such controls operated effectively in all material respects.
AZw~§Y ~r
g_mZ {XZm§H H$s h_mar ñdV§Ì boImnarjH mo§ H r {anmoQ© Ho AZwÀNoX 2 (E\ ) _o§ ""AÝ` {d{YH Am¡a {Z`m_H Amdí`H$VmAm| {anmoQ©'' erf©H Ho ê$n _o§ g§X{^©V h¡ &
H§$nZr A{Y{Z`_ 2013 (A{Y{Z`_) H r Ymam 143 H r CnYmam 3 H$s eV© (i) Ho AÝVJ©V Am§V{aH {dÎmr` {Z`§ÌU na {anmoQ©
h_Zo H$mn©~¢H$ {gŠ`w{aQrµO {b{_QoS (H§$nZr) H$s 31 _mM©, 2019 H$mo {dÎmr` {anmo{Q>ªJ _o§ Am§V{aH {dÎmr` {Z`§ÌU Ho g§~§Y _o§ H§$nZr Ho Cg VmarI H$mo g_mßV df© na EH b {dÎmr` {ddaUmo§ Ho g§`moOZ _o§ boImnarjm {H `m &
Am§V{aH {dÎmr` {Z`§ÌU _o§ à~§YZ-dJ© H m CÎmaXm{`Ëd
H§$nZr H$m à~§YZ H§$nZr Ûmam ñWm{nV {dÎmr` {ddaU Ho Am§V{aH {Z`§ÌU _mZX§S na AmYm{aV ^maVr` MmQ©S© EH mC§Qo§Q B§ñQrQ²æyQ (AmB©grEAmB©) Ûmam {dÎmr` {ddaU Ho Am§V{aH {Z`§ÌU H$s boIm-narjm na Omar {Xem-{ZXo©emo§ H$mo Am§V{aH {Z`§ÌU Ho Amdí`H KQH Ho Vm¡a na boH a Am§V{aH {dÎmr` {Z`§ÌU ñWm{nV H$aZo Am¡a ~ZmE aIZo Ho {bE CÎmaXm`r h¡ & H§$nZr EŠQ Ho AÝVJ©V BZ Xm{`Ëdmo§ _o§ Amdí`H h¡ {SOmBZ, ì`mnma Ho gwMmé Vm¡a na Omar ahZo hoVw aI aImd Am¡a n`m©ßV Am§V{aH {Z`§ÌUmo§ H m H m`m©Ýd`Z, H§ nZr H$s Zr{V`mo§ H m nmbZ, BgH r AmpñV`mo§ H mo ~MmZm, H nQ Am¡a Ìw{Q`mo§ H r nhMmZ Ed§ BgH r amoH Wm_, boIm {aH mS© Ho nyU© Am¡a Ìw{Qa{hV hmoZo Am¡a ghr g_` na {dœgZr` {dÎmr` gyMZm V¡`ma H aZm em{_b h¡&
boIm-narjH mo§ H m CÎmaXm{`Ëd
h_mam CÎmaXm{`Ëd AnZr boImnarjm Ho AmYma na BZ {dÎmr` gyMZm Ho {df` _o§ H§$nZr Ho Am§V{aH {dÎmr` {Z`§ÌU Ho g§~§Y _o§ AnZm A{^_V ì`º H$aZm h¡& h_Zo boImnarjm AmB©grEAmB© Ûmam Omar Am¡a H§$nZr EŠQ H$s Ymam 143 (10) _o§ _mZo JE {dÎmr` {ddaU na Am§V{aH {dÎmr` {Z`§ÌU Ho {Xem-{ZXo©e ZmoQ Am¡a boImnarjm Ho _mZH , Am§V{aH {dÎmr` {Z`§ÌU H$s boIm-narjm na bmJy hmoZo H r gr_m VH ({Xem-{ZXo©e ZmoQ) XmoZmo§ hr Am§V{aH {dÎmr` {Z`§ÌU H r boIm-narjm na bmJy hmoVo h¢ Am¡a XmoZmo§ hr ^maVr` MmQ©S© EH mC§Qo§Q B§ñQrQ²æyQ (AmB©grEAmB©) Ûmam Omar {H E JE h¢ & ñdrH¥ V {dÎmr` {ddaU Ho Am§V{aH {Z`§ÌU H$s boIm-narjm VWm {ZYm©{aV A{Y{Z`_ Ho àmdYmZmo§ Ed§ BgHo A§VJ©V {Z{_©V {Z`_mo§ Ho AZwgma boIm§H$Z Am¡a boImnarjm _mZH mo§ Am¡a boImnarjm {anmoQmoª _o§ em{_b H aZo hoVw Oê$ar {df`mo§ H$mo Ü`mZ _o§ aIm h¡& BZ _mZH$m| Am¡a {Xem-{ZXo©e Ho {bE `h Amdí`H h¡ {H h_ Z¡{VH AnojmAmo§ H$m nmbZ H$ao§ Am¡a Bg ~mao _o§ C{MV AmœmgZ àmßV H aZo hoVw `moOZm ~ZmH a boImnarjm H$m H m`© g§nÞ H$ao§ {H {dÎmr` {ddaUmo§ _o§ n`m©ßV Am§V{aH {dÎmr` {Z`§ÌU h¡ Am¡a `h {Z`§ÌU g^r gmú`mo§ H$s X¥pîQ
go à^mdr ên go ñWm{nV Am¡a n{aMm{bV h¢ &
255ANNUAL REPORT 2018-19
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system 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 control based on the assessed risk. The procedures selected depend on the auditor’s judgment, 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 is sufficient and appropriate to provide a basis for our audit opinion on the Company’s internal financial controls system over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting
A company’s internal financial control 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 company’s internal financial control 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 Company; (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 Company are being made only in accordance with authorisations of management and directors of the Company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company’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 control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
h_mar boIm-narjm _o§ {dÎmr` [anmo{Q>ªJ _o§ Am§V{aH {dÎmr` {Z`§ÌU H$s
n`m©ßVVm H$s {ZînmXZ à{H«$`m Am¡a CZH$s n{aMmbmZmË_H à^mderbVm
em{_b h¡ Ÿ& {dÎmr` [anmo{Q>ªJ _o§ Am§V{aH {dÎmr` {Z`§ÌU H$s h_mar
boImnarjm _o§ dñVwJV H _Omoar Ho ahZo go hmoZo dmbo Omo{I_ H$m Am§H bZ
H a Am¡a Am§H {bV Omo{I_ na AmYm{aV Am§V{aH {Z`§ÌU H$s n{aMmbZmË_H
à^mderbVm H$m narjU Am¡a _yë`m§H Z {dÎmr` [anmo{Q>ªJ _o§ Am§V{aH {dÎmr`
{Z`§ÌU na àmßV gh_{V em{_b h¡ & MwZr JB© à{HŒ `m boImnarjH Ho
{ZU©` na , {dÎmr` {ddaUmo§ Ho dñVwJV AWmW© {ddaU Omo{I_, H nQ `m Ìw{Q
Ho H$maU go K{QV hmoZo dmbo Omo{I_ H$mo em{_b H aVo hwE, {Z^©a H$aVr h¡ &
h_ {dœmg H$aVo h¢ h_mao Ûmam àmßV boIm gmú`, {dÎmr` {anmoqQ©J _o§ H§$nZr
Ho Am§V{aH {dÎmr` {Z`§ÌU na h_mao boImnarjm A{^_V XoZo H m n`m©ßV
Am¡a Cn`wº AmYma h¢&
{dÎmr` {anmoqQ©J _o§ Am§V{aH {dÎmr` {Z`§ÌU H$m AW©
{H$gr H§$nZr H$m {dÎmr` [anmo{Q>ªJ _o§ Am§V{aH {dÎmr` {Z`§ÌU EH à{HŒ `m h¡
Omo Bg àH ma V¡`ma H r JB© h¡ {H {dÎmr` [anmo{Q>ªJ H$s {dœZr`Vm na `Wmo{MV
AmœmgZ àXmZ H ao Am¡a dmø CÔoí`mo§ hoVw {dÎmr` {ddaU gm_mÝ`V… ñdrH¥ V
boIm {gÕm§Vmo§ Ho AZwgma V¡`ma {H E JE hmo§& {H gr H§ nZr Ho {dÎmr` {anmoqQ©J
na Am§V{aH {dÎmr` {Z`§ÌU _o§ Omo Zr{V Am¡a à{HŒ `m em{_b h¢ dh h¢- (1)
{aH mS© H$mo ~ZmE aIZo Ho g§~§Y _o§ O¡go `Wmo{MV {ddaU, ^br^m§{V Am¡a
ñnîQ Vm¡a na H§ nZr H$s AmpñV`mo§ H mo g_mßV H aZo VWm boZ XoZ H mo {XIm`m
OmZm (2) `h `Wmo{MV {dœmg {XbmZm {H gm_mÝ`V… àM{bV boIm {gÕm§Vmo§
Ho AZwgma {dÎmr` {ddaU V¡`ma H aZo hoVw AZw_{V XoZo Ho {bE boZ XoZmo§ H mo
Amdí`H Vm¡a na {aH$mS>© {H `m J`m hmo Am¡a H§$nZr H$s àmpßV`m± Am¡a ì``
Ho$db H§$nZr Ho à~§YZ Am¡a {ZXoeH mo§ Ho A{YH ma go {H E JE hmo§ Am¡a (3)
H§$nZr H r AmpñV Ho Ad¡Y A{YJŒhU,Cn`moJ Am¡a g_mßV H$aZm, Omo {H
{dÎmr` {ddaUmo§ na dñVwJV à^md Smb gH$Vm h¡, Ho g§~§Y _o§ ~Mmd Am¡a
BZH r g_` na nhMmZ Ho {bE `Wmo{MV AmœmgZ XoZm &
{dÎmr` {anmoqQ©J _o§ Am§V{aH {dÎmr` {Z`§ÌU H r Am§V{aH gr_mE±
H nQ Ho H$maU AWdm à~§YZ Ûmam {Z`§ÌUmo§ H$s AdhobZm H mo em{_b H aVo
hwE {dÎmr` [anmo{Q>ªJ _o§ Am§V{aH {dÎmr` {Z`§ÌU _o§ {Z{hV gr_mAmo§ H$s dOh
go H nQ `m Ìw{Qde hmoZo dmbo dñVwJV AWmW© {ddaU K{QV hmo gH Vo h¢ Am¡a
Omo nH$‹S _o§ Zht AmVm h¢ & {dÎmr` [anmo{Q>ªJ _o§ Am§V{aH {dÎmr` {Z`§ÌU H$m
^{dî` Ho dfmoª Ho {bE _yë`m§H Z H m AZw_mZ bJmZo _o§ `h ^r Omo{I_ h¡ {H
{dÎmr` [anmo{Q>ªJ _o§ Am§V{aH {dÎmr` {Z`§ÌU, pñW{V`mo§ _o§ n{adV©Z go AWdm
Zr{V Am¡a à{HŒ `m Ho {JaVo AZwnmbZ ñVa Ho H$maU, An`m©ßV hmo gH Vr h¡ &
256
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31 March, 2019, based on the internal control over financial reporting criteria established by the Company 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.
For Bhuta Shah & Co. LLPChartered AccountantsFirm Registration No. 101474W / W100100
Atul GalaPartner Membership No. 048650
Place : MumbaiDate : 10 May, 2019
A{^_V
h_mar am` _o§, H§$nZr Ho nmg, g^r nhbwAmo§ _o§, {dÎmr` [anmo{Q>ªJ _o§ n`m©ßV
Am§V{aH {dÎmr` {Z`§ÌU ì`dñWm h¡ Am¡a Eogo Am§V{aH {dÎmr` {Z`§ÌUmo§ H mo
^maVr` gZXr boImH ma g§ñWmZ Ûmam {dÎmr` [anmo{Q>ªJ na Am§V{aH {dÎmr`
{Z`§ÌU H$s boIm narjm na _mJ©Xe©Z {QßnUr _o§ Cp„{IV Am§V{aH {Z`§ÌU Ho
Amdí`H KQH mo§ _o§ H§$nZr Ûmam ñWm{nV {dÎmr` [anmo{Q>ªJ _mZX§S na Am§V{aH
ì`dñWm Ho AmYma na `Wm 31 _mM©,2019 H mo à^mdr ê$n go n{aMm{bV
{H `m J`m h¡&
H¥$Vo ^yQ>m emh EÊS H§ .EbEbnrgZXr boImH ma\$_© n§OrH$aU g§. 101474W / W100100
AVwb JmbmgmÂmoXmagXñ`Vm g§. 048650
ñWmZ : _w§~B©{XZm§H : 10 _B©, 2019
257ANNUAL REPORT 2018-19
AZw~§Y J
""AÝ` {d{YH Am¡a {d{Z`m_H Amdí`VmAmo§ na [anmoQ>©'' erf© Ho VhV {ZXoemo§/Cn-{ZXoemo§ _o§ g§X{^©V ñdV§Ì boImnarjH mo§ H$s g_{XZm§{H V {anmoQ© Ho {bE
H§$nZr Ho [aH$m°S>© Ho gË`mnZ Ho AmYma na Am¡a h_o§ Xr JB© OmZH$mar Ed§ ñnîQrH aU Ho AmYma na, h_ ^maV Ho {Z`§ÌH Am¡a _hmboIm narjH Ûmam A{Y{Z`_ H r Ymam 143(5) Ho AZwgma Omar {H E JE {ZXo©emo§ na {ZåZ{b{IV {anmoQ© Xo aho h¢&
ANNEXURE C
To Independent Auditors’ Report of even date referred to in report on direction / sub-direction under the heading of “Report on Other Legal and Regulatory Requirements”
Based on the verification of records of the Company and based on information and explanation given to us, we give below a report on the directions issued by the Comptroller and Auditor-General of India in terms of Section 143(5) of the Act.
Š`m `{X H§$nZr Ho nmg AmB©Qr àUmbr Ho _mÜ`_ go g^r boIm§H r` boZXoZ H mo g§gm{YV H aZo H$s nÕ{V h¡?
`{X hm±, Vmo AmB©Qr àUmbr Ho ~mha boIm§H r` boZXoZ Ho àg§ñH aU H m {dÎmr` n{aUm_, `{X H moB© hmo, Ho gmW ImVmo§ H r àm_m{UH Vm na à^md Ho ~mao _o§ OmZH mar Xo§&
Whether the Company has system in place to process all the accounting transactions through IT system?
If yes, the implications of processing of accounting transactions outside IT system on the integrity of the accounts along with the financial implications, if any, may be stated.
hm±
h_o§ Xr JB© gyMZm Am¡a ñnîQrH aU Ho AZwgma, AmB©Qr {gñQ_ Ho ~mha H moB© ^r boIm§H r` boZXoZ Zht hmo ahm h¡& Yes
Yes
As informed and explained to us, no accounting transaction takes place outside IT system.
Š`m H§$nZr Ûmam G$U MwH mZo _o§ Ag_W©Vm Ho H maU G$UXmVm Ûmam H§ nZr Ho {H gr dV©_mZ G$U H$s nwZgªaMZm `m H$O©©/G$U/ã`mO _o§ NyQ/amBQ Am°\ {H `m J`m h¡ ?
`{X hm±, Vmo {dÎmr` à^md Ho ~mao _o§ OmZH mar Xo§&
Whether there is any restructuring of an existing loan or cases of waiver/write off of debts /loans/interest etc. made by a lender to the Company due to the Company’s inability to repay the loan?
If yes, the financial impact may be stated.
bmJy Zht
Not Applicable
Š`m Ho§ Ðr`/amÁ`Á` EOo§{g`mo§ go {deof `moOZmAmo§ Ho {bE àmßV/àmß` {Z{Y`mo§ H m C{MV ê$n go {hgm~ {H `m h¡/CgHo eVmoª d {Z`_mo§ Ho AZwgma Cn`moJ {H `m J`m h¡?
{dMbZ Ho _m_bo gyMr~Õ H ao§&
Whether funds received/receivable for specific schemes from central/state agencies were properly accounted for/ utilized as per its term and conditions?
List the cases of deviation.
bmJy Zht
Not Applicable
For Bhuta Shah & Co. LLPChartered AccountantsFirm Registration No. 101474W / W100100
Atul GalaPartner Membership No. 048650
Place : MumbaiDate : 10 May, 2019
H¥ Vo ^yQ>m emh EÊS H§ .EbEbnrgZXr boImH ma\$_© n§OrH$aU g§. 101474W / W100100
AVwb JmbmgmÂmoXmagXñ`Vm g§. 048650
ñWmZ : _w§~B©{XZm§H : 10 _B©, 2019
258
H$mn©~¢H$ {gŠ`w[aQrµO {b. Corpbank Securities Ltd.
31 _mM©, 2019 H$s pñW{V HŸm VwbZ-nÌ BALANCE SHEET AS AT 31st MARCH, 2019
(` h‹Omam| _|/` in thousands)
{ddaU Particulars{QßnUr g§. Note No.
`Wm As on 31st March, 2019
`Wm As on 31st March, 2018
I. B©{¹ŸQr Ed§ Xo`VmE§ EQUITY AND LIABILITIES1) eo`aYmaHŸmo§ H$s {Z{Y`m± Shareholder’s funds
H a) eo`a ny±Or Share Capital 2 750,000 750,000
I b) Ama{jV {Z{Y`m± Ed§ A{Yeof Reserves & Surplus 3 496,507 419,668 2) Mmby Xo`VmE§ Current liabilities
H a) ì`mnma XoZXm{a`m± Trade payables 4 gyú_ Ed§ bKw CÚ_ Micro Enterprises and Small Enterprises – –AÝ` CÚ_ Other Enterprises 3600 1,078
I b) AÝ` Mmby Xo`VmE§ Other current liabilities 5 122 10 HwŸb TOTAL 1,250,228 1,170,756
II. AmpñV`m± ASSETS 1) J¡a-Mmby AmpñV`m± Non-current Assets
H a) pñWa AmpñV`m± Fixed assets 6_yV© AmpñV`m± Tangible assets 442 694A_yV© AmpñV`m± Intangible assets 232 347
674 1,041I b) J¡a-Mmby {Zdoe Non - Current Investment 7 5,000 5,000 J c) AmñW{JV H a AmpñV`m± Deferred tax assets 8 91 242K d) XrKm©d{Y G$U Am¡a A{JŒ_ Long - term loans and advances 9 55,884 47,832
2) Mmby AmpñV`m± Current AssetsH a) BZdo§Qar Inventories 10 1,139,157 1,040,208
I b) ZH Xr Ed§ ZH$Xr eofam{e Cash & Cash Equivalents 11 48,267 73,299J c) Aënmd{Y-G$U Ed§ A{JŒ_ Short Term-Loans and advances 12 778 564K d) AÝ` Mmby AmpñV`m± Other Current assets 13 377 2,571
Hw b TOTAL 1,250,228 1,170,756
_hËdnyU© boIm-Zr{V`m± Ed§ boImo§ na {Qßn{U`m± SIGNIFICANT ACCOUNTING POLICIES & NOTES TO ACCOUNTS
1 to 28
h_mar g§b½Z g_{XZm§{HŸV {anmoQ© Ho AZwgma as per our report of even date attached
H¥ŸVo ^yQ>m emh EÊS> H§$.For Bhuta Shah & Co.gZXr boImHŸma ChaRTERED aCCOuNTaNTS\$_© n§OrH$aU g§. 101474WFRN No. 101474W
AVwb JmbmAtul Gala gmÂmoXma Partner gXñ`Vm g§§. 048650Membership No. 048650
ñWmZ Place : _w§~B© Mumbai{XZm§H Dated : 10 _B© May, 2019
H$mn©~¢H$ {gŠ`w{aQrµO {b{_QoS Ho {ZXoeH _§Sb Ho {bE d CZH r Amoa go For and on behalf of the Board of Directors of CorpBank Securities Limited
nr. dr. ^maVrP. V. Bharathi
AÜ`j ChairmanS>rAmB©EZ DIN 06519925
{~énmj {_lm Birupaksha Mishra
{ZXoeH DirectorS>rAmB©EZ DIN 06884225
dr. _wÎmwH¥$îUZ V. Muthukrishnan
{ZXoeH DirectorS>rAmB©EZ DIN 03113886
nr. Ho$. AmMm`© P. K. Acharya
{ZXoeH DirectorS>rAmB©EZ DIN 06503668
Ama. lrYaZ R. Sridharan
{ZXoeH DirectorS>rAmB©EZ DIN 08267185
E. AmB©. OoågA. I. James
nyU©H$m{bH$ {ZXoeH$ Ed§ H§$nZr g{Md Whole time Director & Company
SecretaryS>rAmB©EZ DIN 06903375
XrnH$ Hw$_ma a§OZ Deepak Kumar Ranjan
gr.E\$.Amo. C.F.O.
259ANNUAL REPORT 2018-19
H$mn©~¢H$ {gŠ`w[aQrµO {b. Corpbank Securities Ltd.
31 _mM©, 2019 H$mo g_mßV df© hoVw bm^-hm{Z boIm STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH, 2019
{ddaU Particulars {QßnUr g§. Note No.
g_mßV df©Year ended 31st March, 2019
g_mßV df©Year ended 31st March, 2018
n{aMmbZ go amOñd Revenue from Operation 14 92,890 58,997
AÝ` Am` Other income 15 4,437 8,678
Hw b amOñd Total Revenue 97,327 67,676
ì`` Expenses:H$_©Mmar {hVbm^ ì`` Employee benefit expenses 16 5,229 6,115
_yë`õmg Ed§ n[aemoYZ ì`` Depreciation & amortization expenses 6 368 746
AÝ` ì`` Other Expenses 17 4,875 4,703
Hw b ì`` Total Expenses 10,472 11,564
AndmXmË_H Am¡a AgmYmaU _X Ed§ H$a nyd© bm^ Profit before exceptional and extraordinary items & tax
86,855 56,112
AndmXmË_H _Xo§ Exceptional Items – –
AgmYmaU _Xmo§ Am¡a HŸa go nyd© bm^ Profit before extraordinary items and tax 86,855 56,112
AgmYmaU _Xo§ Extraordinary Items – –
HŸa nyd© bm^ Profit before tax 86,855 56,112
OmoS>| (KQmE§): HŸa ì`` add/(Less) : Tax expenses
(1) Am` HŸa Income tax
Mmby dfmoª H$m of Current years 24,045 15,601
JV dfmoª H$m of Earlier years -14,181 459
(2) AmñW{JV H$a AmpñV Deferred tax assets 151 -60
Ad{Y hoVw bm^/(hm{Z) Profit / (Loss) for the period 76,839 40,112
à{V eo`a AO©Z: Earning per share:à{V eo`a _yb Am¡a VZyH¥$V AO©Z Basic and Diluted Earnings per share 18 1.02 0.53
(` h‹Omam| _|/` in thousands)
h_mar g§b½Z g_{XZm§{HŸV {anmoQ© Ho AZwgma as per our report of even date attached
H¥ŸVo ^yQ>m emh EÊS> H§$.For Bhuta Shah & Co.gZXr boImHŸma ChaRTERED aCCOuNTaNTS\$_© n§OrH$aU g§. 101474WFRN No. 101474W
AVwb JmbmAtul Gala gmÂmoXma Partner gXñ`Vm g§§. 048650Membership No. 048650
ñWmZ Place : _w§~B© Mumbai{XZm§H Dated : 10 _B© May, 2019
H$mn©~¢H$ {gŠ`w{aQrµO {b{_QoS Ho {ZXoeH _§Sb Ho {bE d CZH r Amoa go For and on behalf of the Board of Directors of CorpBank Securities Limited
nr. dr. ^maVrP. V. Bharathi
AÜ`j ChairmanS>rAmB©EZ DIN 06519925
{~énmj {_lm Birupaksha Mishra
{ZXoeH DirectorS>rAmB©EZ DIN 06884225
dr. _wÎmwH¥$îUZ V. Muthukrishnan
{ZXoeH DirectorS>rAmB©EZ DIN 03113886
nr. Ho$. AmMm`© P. K. Acharya
{ZXoeH DirectorS>rAmB©EZ DIN 06503668
Ama. lrYaZ R. Sridharan
{ZXoeH DirectorS>rAmB©EZ DIN 08267185
E. AmB©. OoågA. I. James
nyU©H$m{bH$ {ZXoeH$ Ed§ H§$nZr g{Md Whole time Director & Company
SecretaryS>rAmB©EZ DIN 06903375
XrnH$ Hw$_ma a§OZ Deepak Kumar Ranjan
gr.E\$.Amo. C.F.O.
260
31 _mM©, 2019 VH ZH Xr àdmh {ddaU CASH FLOW STATEMENT AS ON 31ST MARCH, 2019
(` h‹Omam| _o|/` in thousands) 2018-2019 2017-2018
H ) A)
n{aMmbZ {H«$`mH$bmnm| go ZHŸXr àdmh CASH FLOW FROM OPERATING ACTIVITIES HŸa Ed§ AgmYmaU _Xmo§ go nyd© {Zdb bm^Net Profit before tax & Extraordinary Items
86,855 56,111
{ZåZ hoVw g_m`moOZ: Adjustment for: àmßV bm^m§e Dividend Received -1,583 -1,502pñWa AmpñV`mo§ na _yë`õmg Depreciation on Fixed Assets 368 746àmßV ã`mO Interest Received -2,774 -7,176
-3,989 -7,930
HŸm`©erb n[adV©Zmo§ go nyd© n{aMmbZ bm^ OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 82,865 48,181HŸm`©erb ny±Or n[adV©Zmo§ Ho$ {bE g_m`moOZ: ADJUSTMENTS FOR WORKING CAPITAL CHANGES : Mmby Xo`VmE± Current Liabilities 2,635 716ì`mnmaJV ñQm°H Stock in trade -98,950 -63,576G U Ed§ A{J«_ Loans & Advances 146 -104AÝ` Mmby AmpñV`m± Other Current Assets 2,194 -421
-93,976 -63,385
n{aMmbZmo§ go A{O©V ZHŸX Cash Generated from Operations -11,111 -15,204
àXÎm àË`j H$a Direct Taxes paid -18,277 -14,375
n{aMmbZ {HŒ `mHŸbmnm| go {Zdb ZH$Xr (H ) NET CASH FROM OPERATING ACTIVITIES (A)
-29,388 -29,579
I) B)
{Zdoe {HŒ `mH bmnmo§ go ZH$Xr àdmh CASH FLOW FROM INVESTING ACTIVITIES àmßV ã`mO Interest Received 2,774 7,176
àmßV bm^m§e Dividend Received 1,583 1,502
O_m Ho$ {Zdoe _| ~Xbmd Change in Investment of Deposits 29,547 23,306
IarXr JB© pñWa AmpñV`m± Purchase of Fixed Assets 0 -450
{Zdoe J{V{d{Y`m| _| Cn`moJ H$s J`r {Zdb ZHŸXr (I) NET CASH USED IN INVESTING ACTIVITY (B) 33,904 31,534
J) C)
{dÎm {HŒ mHŸbmnm| go ZHŸXr àdmh CASH FLOW FROM FINANCING ACTIVITIES àXÎm bm^m§e (bm^m§e g§{dVaU H$a g{hV) Dividend Paid (Includes Dividend Distribution Tax) 0 0
{dÎmr`Z {HŒ `mHŸbmn _o§ à`wº {Zdb ZHŸXr (J) NET CASH USED IN FINANCING ACTIVITY (C) 0 0
ZHŸXr Ed§ ZHŸXr g_Vwë` _o§ {Zdb n{adV©Z(H +I+J) NET CHANGES IN CASH & CASH EQUIVALENTS (A+B+C) 4,516 1,956
ZHŸXr Ed§ ZHŸXr g_Vwë` H m àma§{^H eofOPENING BALANCE OF CASH & CASH EQUIVALENTS
2,876 921
ZHŸXr Ed§ ZHŸXr g_Vwë` H m A§{V_ eof CLOSING BALANCE OF CASH & CASH EQUIVALENTS
7,392 2,876
4,516 1,956
261ANNUAL REPORT 2018-19
ZmoQ²>g Notes :
ZHŸXr Ed§ ZHŸXr g_Vwë` H m A§{V_ eofClosing Balance of Cash & Cash Equivalents 1. ZHŸXr Ed§ ZHŸXr g_Vwë` _o§ em{_b h¢: Cash and Cash Equivalents includes:
hñVJV ZHŸXr Cash in Hand 6 8
AZwgy{MV ~¢H mo§ _o§ eof Balance with Scheduled Banks
- Mmby ImVo _o§ In Current Account 7,386 2,868
- Eogo O_m ImVo {OZH$s n[anŠdVm Ad{Y 12 _mh go H$_ hmo In Deposit account having maturity below 12 months
7,392 2,876
2. AàË`j nÕ{V go ZH$Xr àdmh [anmoQ>© H$s OmVr h¡& Cash flows are reported using the indirected Method.
3. Mmby df© Ho Am§H ‹Smo§ Ho gmW VwbZr` ~ZmZo Ho {bE Ohm± H ht Amdí`H g_Âmm J`m JV df© Ho Am§H ‹Smo§ H mo nwZ… g_y{hV Ed§ nwZì`©dpñWV {H `m J`m h¡& Previous year figures have been regrouped and rearranged wherever considered necessary to make them comparable with those of the current year.
h_mar g§b½Z g_{XZm§{HŸV {anmoQ© Ho AZwgma As per our report of even date attached
H¥ŸVo ^yQ>m emh EÊS> H§$.For Bhuta Shah & Co.gZXr boImHŸma CHARTERED ACCOUNTANTS\$_© n§OrH aU g§. 101474WFRN No. 101474W
AVwb JmbmAtul Gala gmÂmoXma Partner gXñ`Vm g§§. 048650Membership No. 048650
nr. dr. ^maVrP. V. Bharathi
AÜ`j ChairmanS>rAmB©EZ DIN 06519925
{~énmj {_lm Birupaksha Mishra
{ZXoeH DirectorS>rAmB©EZ DIN 06884225
dr. _wÎmwH¥$îUZ V. Muthukrishnan
{ZXoeH DirectorS>rAmB©EZ DIN 03113886
nr. Ho$. AmMm`© P. K. Acharya
{ZXoeH DirectorS>rAmB©EZ DIN 06503668
Ama. lrYaZ R. Sridharan
{ZXoeH DirectorS>rAmB©EZ DIN 08267185
ñWmZ Place : _w§~B© Mumbai{XZm§H Dated : 10 _B© May, 2019
E. AmB©. OoågA. I. James
nyU©H$m{bH$ {ZXoeH$ Ed§ H§$nZr g{Md Whole time Director & Company Secretary
S>rAmB©EZ DIN 06903375
XrnH$ Hw$_ma a§OZ Deepak Kumar Ranjan
gr.E\$.Amo. C.F.O.
H$mn©~¢H$ {gŠ`w{aQrµO {b{_QoS Ho {ZXoeH _§Sb Ho {bE d CZH r Amoa go For and on behalf of the Board of Directors of CorpBank Securities Limited
262
31.03.2019 H mo g_mßV df© hoVw {dÎmr` {ddaU H$m ZmoQ>NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2019
NOTE 1: SuMMARY OF SIgNIFICANT ACCOuNTINg POLICIES FOLLOwED bY THE COMPANY
Company Overview
Corpbank Securities Ltd. (the Company) was registered as a Non Banking Financial Company (NBFC) with the Reserve Bank of India and had been functioning as Primary Dealer till March, 2007. Further to the discontinuation of its Primary Dealership activity, the Company had ceased to be the NBFC and accordingly the Certificate of Registration under Section 45-IA (6) of the RBI Act 1934 was cancelled in the year 2007. Thereafter the Company started the distribution of Mutual Fund products. Besides, the Company has been deploying its funds by way of trading in approved instruments including Certificate of Deposits, Commercial Papers, Central Govt. Securities and Treasury Bills as part of its business activity. After securing the requisite regulatory approvals and registering with the NSE/BSE the Company commenced equity broking business for institutional investors during the financial year 2015-16.
This year the Company started proprietary trading business in equity shares.
basis of preparation of Financial Statements:
These financial statements have been prepared on accrual basis and under historical cost convention and in compliance, in all material aspects, with the applicable accounting principles in India, the applicable accounting standards prescribed under section 129 and 133 and the other relevant provisions of the Companies Act, 2013 (the Act) read with rule 7 of the Companies (Accounts) Rules, 2014.
use of Estimates
The preparation of financial statements are in confirmity with generally accepted accounting principles which require estimates and assumptions to be made by the management that affects the reported amounts of assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting year. Difference between the actual results and estimates are recognised in the year in which the results are known/materialised.
1 Significant accounting policies
1.1 Method of Accounting
(i) The financial statements are prepared on historical cost basis conforming to the statutory provisions, in accordance with Generally Accepted Accounting Principles.
(ii) The company follows accrual system of accounting.
ZmoQ 1: H§$nZr Ûmam AZwnm{bV _hËdnyU© boIm-Zr{V`mo§ H$m
gmam§e
H§$nZr H$m ã`m¡am
H$mn© ~¢H$ goŠ`y{a{Q‹O {b. (H§$nZr) J¡a ~¢qH$J {dÎmr` H§$nZr (EZ~rE\$gr)
Ho ê$n _o§ ^maVr` {aOd© ~¢H$ _o§ n§OrH¥$V hwB© Wr VWm _mM© 2007 VH$
àmW{_H$$ Srba Ho ê$n _o§ H$m`©aV Wr& AmJo àmW{_H$ Srba{en H$s
g_mpßV na H§$nZr EZ~rE\ gr Zhr ahr VXZwgma Ama~rAmB© A{Y{Z`_
1934 H$s Ymam 45-AmB©E (6) Ho A§VJ©V n§OrH$aU df© 2007 _o§ {ZañV
hmo J`m& CgHo ~mX H§ nZr Zo å`wMwAb \§$S Ho$ {dVaU H$m H$m`© ewê$
{H$`m & BgHo$ A{V{aº$ H§$nZr ì`dgm{`H$ J{V{d{Y`mo§ Ho A§VJ©V AnZr
{Z{Y`mo§ H$m {d{Z`moOZ AZw_mo{XV à{V^y{V`mo§ O¡go O_m à_mUnÌ, dm{UpÁ`H$
nÌ, gaH$mar à{V^y{V`mo§ VWm Q—oOar {~bmo§ _o§ H$aVr h¡& df© 2015-16 _o§
EZEgB©/~rEgB© go Amdí`H$ {d{Z`m_H$ AZw_moXZ àmßV H$aHo H§$nZr Zo
g§ñWmJV {ZdoeH$mo§ Ho$ {bE B{¹$Qr ~ŒmoqH$J ì`dgm` H$mo ewê$ {H$`m h¡&
Bg gmb H§$nZr Zo B{¹$Qr eo`amo§ _o§ ì`mnm{aH$ ì`dgm` ewê$ {H$`m h¡ &
{dÎmr` {ddaUmo§ Ho$ {Z_m©U H$m AmYma
{dÎmr` {ddaUmo§ H$mo CnM` AmYma na ^maV _o§ bmJy g^r {dÎmr` _mZH$mo§ Ho
AZwgma g^r VÏ`JV nhbwAmo§ H$mo Ü`mZ _o§ aIH$a Eo{Vhm{gH$ bmJV na§nam Ho
AZwnmbZ _o§ ~Zm`m J`m h¡, H§$nZr A{Y{Z`_, 2013 (A{Y{Z`_) H$s Ymam
129 VWm 133 Ed§ AÝ` g§~§{YV àmdYmZ Ho A§VJ©V {ZYm©{aV bmJy boIm§H$Z
_mZH$ H$mo H§$nZr (boIm) {Z`_, 2014 Ho {Z`_ 7 Ho$ gmW n‹Tm OmE &
AmH$bZ H$m à`moJ
{dÎmr` {ddaUmo§ H$m {Z_m©U gm_mÝ`V… boIm {gÕmVmo§ Ho AZwgma ~Zm`m J`m
h¡ {Og_o§ à~§YZ V§Ì Ûmam AmH$bZ Ed§ àmH$bZ H$aZo H$s Amdí`H$Vm hmoVr h¡
Omo {dÎmr` {ddaU Ho {XZm§H$ na {anmoQ© H$s JB© AmpñV`mo§ Ed§ Xo`VmAmo§ H$s am{e
Ed§ {anmo{Q>ªJ df© Ho Xm¡amZ {anmoQ© {H$E JE Am` Ed§ ì`` H$s am{e H$mo à^m{dV
H$aVo h¢& _yb n{aUm_ VWm AmH$bZ Ho A§Va H$mo n{aUm_ Kmo{fV/~VmE OmZo
dmbo df© _o§ {XIm`m OmVm h¡&
1 _hËdnyU© boIm-Zr{V`m±
1.1 boIm§H$Z {d{Y
(i) {dÎmr` {ddaU gm_mÝ`V… ñdrH¥$V boIm§H$Z {gÕm§Vmo§ Ho$
AZwgaU _o§ gm§{d{YH$ àmdYmZmo§ Ho$ AZwgma Eo{Vhm{gH$
bmJV AmYma na V¡`ma {H$E OmVo h¢&
(ii) H§$nZr, boIm§H$Z H$s àmoØdZ àUmbr AnZmVr h¡&
263ANNUAL REPORT 2018-19
1.2 Fixed Assets & Depreciation
(i) Fixed assets are valued at original cost less accumulated depreciation. Costs include all direct costs attributable to acquisition, installation and commissioning.
(ii) Depreciation on fixed assets is provided on “Written Down Value” (WDV) method, at the rates specified in and in the manner as laid down by Schedule II of the Companies Act, 2013.
1.3 Investments
(i) The securities acquired with the intention of short term holding and trading positions is considered as “Stock-in-Trade” and shown under current assets. Other securities acquired with the intention of long term holding are treated as “Investments.”
(ii) Securities held as investments and held till maturity are valued at cost.
(iii) Any diminution in the value of securities held as investment individually is provided for, wherever such diminution is permanent.
1.4 Stock-in-trade
(i) The Quoted securities are valued at cost or market price, whichever is lower. In the absence of market quotes, market prices are determined at the rates derived from the prevailing yield of securities having similar standing and maturity period.
(ii) Each type of security is regarded as a separate category. Under each category, valuation is done scrip-wise and depreciation is provided, while appreciation is ignored. The depreciation in one category of securities is not set off against appreciation in another category.
(iii) Treasury Bills held on the balance sheet date are valued at carrying cost or market value whichever is lower. The market value of Treasury Bills held on the Balance Sheet date is determined as per the rates provided by Clearing Corporation of India Limited. The Certificate of Deposits, and Commercial Papers held on the balance sheet date, are valued at carrying cost as explained in 1.6 below.
(iv) The market value of Central Government Dated Securities is determined as per the rates provided by Fixed Income and Money Market Dealers Association (FIMMDA).
1.5 Payments to and Provision for Employees Payments made to parent organization viz.,
Corporation Bank’s staff, towards emoluments/
1.2 pñWa AmpñV`m± Ed§ _yë`õmg (i) pñWa AmpñV`mo§ H$m _yë`m§H$Z CZH$s _yb bmJV _o§ go g§{MV
_yë`õmg KQmH$a {H$`m OmVm h¡& bmJV _o§ A{YJŒhU, g§ñWmnZ VWm H$m`©-Ama§^ go Ow‹Sr g_ñV àË`j bmJV em{_b h¡&
(ii) pñWa AmpñV`mo§ na _yë`õmg H$m {ZYm©aU H§$nZr A{Y{Z`_, 2013 H$s AZwgyMr II _o§ {Z{X©îQ Xamo§ Ed§ {ZYm©[aV T§J go "Ad{b{IV _yë`’ (Sãë`ySrdr) nÕ{V go {H$`m OmVm h¡&
1.3 {Zdoe (i) Aënmd{Y YmaU VWm ì`mnm{aH$ H«$`-{dH«$` Ho$ CÔoí` go
A{O©V à{V^y{V`mo§ H$mo "{dHŒo ` ñQm°H$' Ho ê$n _o§ _mZm OmVm h¡ Am¡a Mmby AmpñV`mo§ Ho AYrZ Xem©`m OmVm h¡& XrKm©d{Y YmaU Ho CÔoí` go A{O©V AÝ` AmpñV`mo§ H$mo "{Zdoe' Ho ê$n _o§ _mZm OmVm h¡&
(ii) {Zdoemo§ Q—oS Ho ê$n _o§ Ym{aV VWm n{an¹$Vm VH$ Ym{aV à{V^y{V`mo§ H$mo bmJV na _yë`m§{H$V {H$`m OmVm h¡&
(iii) {Zdoe Ho$ ê$n _o§ Ym[aV à{V^y{V _| {H$g àH$ma Ho$ _yë`õmg hoVw, Ohm± H$ht `h õmg ñWmB© h¡, àmdYmZ {H$`m OmVm h¡&
1.4 ì`mnma hoVw ñQmH$ (i) H$moQ H$s JB© à{V^y{V`mo§ H$mo bmJV `m ~mµOma _yë`, Omo ^r
H$_ h¡, na _yë`m§{H$V {H$`m OmVm h¡& ~mµOma ^md CnbãY Z hmoZo na, g_mZ àH¥${V Ed§ n{an¹$Vm Ad{Y dmbr à{V^y{V`mo§ Ho {dÚ_mZ à{V\$b Ho AmYma na n[aH${bV Xamo§ na ~mµOma _yë` {ZYm©[aV {H$E OmVo h¢&
(ii) àË`oH$ àH$ma H$s à{V^y{V H$mo EH$ àË`oH$ àdJ© _mZm OmVm h¡& àË`oH$ àdJ© Ho$ A§VJ©V, _yë`m§H$Z pñH«$n-dma {H$`m OmVm h¡ VWm _yë`õmg H$m àmdYmZ {H$`m OmVm h¡ O~{H$ _yë`-d¥{Õ H$mo Nmo‹S {X`m OmVm h¡& EH$ àdJ© H r à{V^y{V`mo§ Ho _yë`õmg H$mo Xygao àdJ© _o§ _yë`d¥{Õ Ho ~Xbo g_§OZ Zht {H$`m OmVm h¡&
(iii) VwbZ-nÌ H$s VmarI H$mo Ym{aV Q—oµOar {~b H$m _yë`m§H$Z aImd bmJV `m ~mµOma _yë`, Omo ^r H$_ hmo, na {H$`m OmVm h¡& VwbZ-nÌ H$s VmarI H$mo Ym{aV Q—oµOar {~bmo§ H$m ~mµOma _yë` ^maVr` g_memoYZ {ZJ_ {b{_QoS Ûmam CnbãY H$amB© Xamo§ Ho AZwgma {ZYm©{aV {H$`m OmVm h¡& VwbZ-nÌ H$s VmarI H$mo Ym{aV O_m à_mU-nÌ Am¡a dm{UÁ` nÌmo§ H$mo ZrMo 1.6 _o§ d{U©V AZwgma aImd bmJV na _yë`m§{H$V {H$`m OmVm h¡&
(iv) H|$Ð gaH$ma {XZm§{H$V à{V^y{V`mo§ H$m ~mµOma _yë` ^maVr` {Z`V Am` _wÐm ~mµOma Am¡a ì`wËnÞr g§K (E\$AmB©E_E_SrE) Ûmam CnbãY H$amB© Xamo§ Ho$ AZwgma {ZYm©[aV {H$`m OmVm h¡&
1.5 H$_©Mm[a`mo§ H$mo ^wJVmZ d CZHo$ {bE àmdYmZ _yb g§JRZ AWm©V², H$mnmo©aoeZ ~¢H$ H$mo, CZHo$ H$_©Mm[a`mo§/
A{YH$m[a`mo§ H$s, {OZH$s godmE§ à{V{Z`w{º$ Ho$ AmYma na
264
provident funds of their employees/officials, whose services are lent to the Company on deputation basis, are regarded as Company’s costs.
Employee Retirement Benefits being the liability of the parent organization viz., Corporation Bank is not recognized in the Financial Statement. Similar is the case for termination benefits and leave encashment.
1.6 Revenue Recognition (i) Interest accrued on Dated Government
Securities is recognized at its coupon rate.
(ii) Purchase and sale price of fixed income securities is bifurcated into cost and accrued interest paid or realized. Amount paid as interest accrued on purchase and received on sale of fixed income securities (Broken period interest) is netted and reckoned as income/expense.
(iii) Profit / loss on sale of securities is accounted on Weighted Average Price Method (WAP) and is recognized on settlement date.
(iv) Commission on the business done as intermediaries is recognised on accrual basis.
(v) Revenue from brokerage busines is recognised on the basis of the confirmed Contract note of the trade.
(vi) Interest on investments is recognised on accrual basis. Dividend income on investments in the Units of Mutual Funds and on equity shares is recognised on the basis of declaration of the same.
1.7 Taxation (i) Provision for current tax is made on the basis
of estimated taxable income for the current accounting year in accordance with the provisions of the Income Tax Act, 1961.
(ii) Deferred Tax for timing differences between tax profit & book profit for the year is accounted for using the tax rate & laws that have been enacted or substantially enacted as of the Balance Sheet date. Deferred Tax assets arising from timing differences are recognised to the extent there is a virtual certainity that these assets would be realised in future and reviewed for the appropriateness of their respective carrying values at each Balance Sheet date.
1.8 Impairment of Assets
The carrying amount of assets is reviewed at each balance sheet date for indications of any impairment based on internal/external factors. An impairment loss
H§$nZr H$mo àXmZ H$s OmVr h¢, n[abpãY`mo§/^{dî` {Z{Y hoVw {H$E JE ^wJVmZ H$mo H§$nZr H$s bmJV Ho$ ê$n _o§ _mZm OmVm h¡&
H$_©Mmar gdm{Zd¥{Îm bm^ _yb g§JRZ AWm©V H$mnmo©aoeZ ~¢H$ H$m CÎmaXm{`Ëd h¡ {Ogo {dÎmr` {ddaU go _mÝ`Vm Zht Xr JB© h¡& godm§V bm^ Am¡a NwÅr ZH$XrH$aU Ho$ _m_bo _o§ ^r `hr hwAm h¡&
1.6 amOñd H$m {ZYm©aU (i) {XZm§{H$V gaH$mar à{V^y{V`mo§ na Cn{MV ã`mO H$mo CgH$s
Hy$nZ Xa na {ZYm©[aV {H$`m OmVm h¡& (ii) pñWa Am` à{V^y{V`mo§ H$s IarX Ed§ {~H«$s _yë` H$mo bmJV
Am¡a àXÎm Ed§ dgyb Cn{MV ã`mO Ho ên _o§ {d^m{OV {H$`m OmVm h¡& pñWa Am` à{V^y{V`mo§ H$s IarX na Cn{MV `m {~H«$s na àmßV ã`mO (I§{SV Ad{Y ã`mO) Ho ê$n _o§ àXÎm am{e H$m {Zdb {ZH$mbm J`m Am¡a Am`/ì`` Ho ê$n _o§ _mZm OmVm h¡&
(iii) à{V^y{V H$s {~ŒH$s na bm^/hm{Z H$mo ^m{aV Am¡gV _yë` {d{Y (d¡n) na boIm§{H$V {H$`m OmVm h¡ Am¡a {ZnQmZ {V{W H$mo _mÝ`Vm Xr OmVr h¡ &
(iv) _Ü`dVu Ho ê$n _o§ {H$E JE H$mamo~ma na H$_reZ/Xbmbr H$m {ZYm©aU CnM` AmYma na {H$`m OmVm h¡&
(v) ~ŒmoH$aoO ì`dgm` go amOñd H$s nhMmZ ì`mnma H$s nwîQ g§{dXm ZmoQ Ho$ AmYma na H$s OmVr h¡ &
(vi) {Zdoemo§ na ã`mO H$m {ZYm©aU CnM` AmYma na {H$`m OmVm h¡& å`yMwAb \§$Smo§ H$s `y{ZQmo§ Ed§ B{¹$Qr eo`a _o§ {Zdoe na bm^m§e Am` CZH$s KmofUm Ho AmYma na {ZYm©{aV H$s OmVr h¡&
1.7 H$amYmZ (i) Mmby H$a H$m àmdYmZ Am` H$a A{Y{Z`_, 1961 Ho$
àmdYmZmo§ Ho$ AZwgma Mmby boIm§H$Z df© hoVw AZw_m{ZV H$a-`mo½` Am` Ho$ AmYma na {H$`m OmVm h¡&
(ii) df© Ho H$a bm^ Ed§ ~hr bm^ Ho g_`mÝVa hoVw AmñW{JV H a H$s JUZm VwbZ-nÌ H$s VmarI H$mo {dÚ_mZ H$a Xa VWm A{Y{Z`{_V `m VËdV… A{Y{Z`{_V {d{Y`mo§ H$m à`moJ H$aVo hwE H$s OmVr h¡& g_`mÝVa go CËnÞ AmñW{JV H a AmpñV`mo§ H$m {ZYm©aU Bg gr_m VH$ {H$`m OmVm h¡ {OVZm {H$ ^{dî` _o§ Cº AmpñV`mo§ H r dgybr H$s {Z{üVVm hmo Am¡a ha VwbZ-nÌ H$s VmarI H mo CZHo g§~§{YV _yë`mo§ H r Cn`wº$Vm H$s g_rjm H$s OmVr h¡&
1.8 AmpñV`mo§ H$s j{V Am§V{aH$/~mø KQH$mo§ Ho AmYma na {H$gr j{V Ho g§Ho V H$s
X¥pîQ go AmpñV`mo§ H$s {Z{hV am{e H$s àË`oH$ VwbZ-nÌ VmarI H mo g_rjm H$s OmVr h¡& Ohm± H$ht {Z{hV am{e CgH$s dgybr-`mo½`
265ANNUAL REPORT 2018-19
is recognised wherever the carrying amount of the assets exceeds its recoverable amount. Any such impairment loss is recognised by charging it to the profit and loss account. A previously recognised impairment loss is reversed when it ceases to exist and the asset is restated to that effect.
1.9 Provisions, Contingent Assets and Contingent Liabilities
The Company creates a provision when there is a present obligation as a result of a past event that probably requires an outflow of resourses and a realiable estimate can be made of the amount of the obligation. A disclosure for contingent liability is made when there is possible obligation or a present obligation that may, but probably will not, require any outflow of resourses.Where there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote no provision or disclosure is made.
Contingent assets are not recognized nor disclosed in the Financial Statements.
1.10 Cash & Cash Equivalents
Cash and cash equivalents comprise cash and cash on deposit with banks and financial institutions. The Company considers all highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents.
1.11 Cash Flow Statement Cash flows are reported using the indirect method
where by the profit for the period is adjusted for the effects of the transactions of a non-cash nature, any deferrals or accruals of any past or future operating cash receipts and payments and item of income and expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.
1.12 Earnings Per Share (EPS) Earnings per equity share is computed by dividng the
net profit attributable to the equity shareholders of the Company by the weighted average number of equity shares outstanding during the period. The Company has not issued any Shares / ESOP nor is there any change in the number of shares during the year and hence diluted earning per share are same as basic earnings per share.
1.13 Intangible Assets Intangible assets consist of acquisition cost of
application software. This is being amortised over a useful life of the asset or 3 years which ever is less with no residual value.
am{e go A{YH$ hmo OmVr h¡, j{VJV hm{Z {ZYm©{aV H$s OmVr h¡& Eogr {H gr j{VJV hm{Z H$mo bm^-hm{Z boIo _o§ à^m{aV H aVo hwE {ZYm©{aV {H$`m OmVm h¡& O~ {H$gr nyd© {ZYm©{aV j{VJV hm{Z H r _m¡OyXJr IË_ hmo OmVr h¡, Cgo àË`md{V©V {H$`m OmVm h¡ Am¡a Cg hX VH$ nwZ{Z©Ym©{aV {H m OmVm h¡&
1.9 àmdYmZ, AmH$pñ_H$ AmpñV`m± Ed§ AmH$pñ_H$ Xo`Vm {dJV H r {H$gr KQZm Ho H$maU O~ dV©_mZ _o§ H$moB© Xm{`Ëd hmo
{OgHo {bE g§gmYZmo§ H$mo ~{hJ©_Z Ano{jV hmo Am¡a Cº Xm{`Ëd H r am{e H m H$moB© {dœgZr` AZw_mZ bJm`m Om gH Vm hmo H§ nZr BgHo {bE àmdYmZ H aVr h¡& AmH$pñ_H$ Xo`Vm H m àH QZ V~ {H m OmVm h¡ O~ Egr H$moB© g§^m{dV Xm{`Ëd m dV©_mZ Xm{`Ëd hmo {OgHo {bE g§^dV… g§gmYZmo§ Ho ~{hJ©_Z Ano{jV Z hmo& Ohm± Eogm H$moB© g§^m{dV Xm{`Ëd `m dV©_mZ Xm{`Ëd hmo {OgHo g§~§Y _o§ g§gmYZmo§ Ho ~{hJ©_Z H$s g§^mdZm ZJÊ` h¡, dhm± H$moB© àmdYmZ `m àH QZ Zht {H$`m OmVm h¡ &
{dÎmr` {ddaUmo§ _o§ AmH$pñ_H$ AmpñV`mo§ H$moo Z Vmo _mÝ`Vm Xr JB© h¡ Am¡a Z hr àH$Q>rH$aU {H$`m J`m h¡&
1.10 ZH$Xr VWm ZH$Xr Ho$ g__yë` ZH$Xr Am¡a ZH$Xr Ho$ g__yë` {OgHo$ A§VJ©V ZH$Xr VWm {dÎmr`
g§ñWmAmo§ VWm ~¢H$mo§ _o§ O_mE± em{_b h¢& H§ nZr g^r CÀM VabVm dmbo {Zdoemo§ H mo eof n{an¹Vm AmYma na IarX H$s VmarI go VrZ _mh `m H _ H$s Ad{Y àXmZ H$aVr h¡ VWm `o ZH$Xr H$s kmV am{e `m ZH$Xr g_mZ _o§ AmgmZr go n{adV©Zr` h¢&
1.11 ZH$Xr àdmh {ddaUr ZH$Xr àdmh H$mo Anamoj {d{Y Ûmam {anmoQ© {H$`m OmVm h¡, {Og_o§
Ad{Y Ho Xm¡amZ hwE bm^ H$mo J¡a-ZH$Xr dmbo boZXoZ, {H gr Qmbo JE `m Cn{MV ^yV `m ^{dî` H$s n{aMm{bV ZH$X nmdVr `m ^wJVmZ VWm ZH$Xr àdmX Ho {dÎmnmofU `m {Zdoe go g§~§{YV ì`` Ho gmnoj g_m`mo{OV {H$`m OmVm h¡ & n{aMmbZ, {Zdoe VWm {dÎmnmofU J{V{d{Y`mo§ go àmßV ZH$Xr H mo AbJ AbJ {XIm`m OmVm h¡&
1.12 à{V eo`a AO©Z (B©nrEg ) à{V eo`a AO©Z H r JUZm H§$nZr Ho B{¹$Qr eo`aYmaH$mo§ H$mo
XoZo `mo½` {Zdb bm^ _o§ Ad{Y Ho Xm¡amZ eof B{¹$Qr eo`amo§ H$s ^m{aV Am¡gV g§»`m go ^mJ XoH$a H$s OmVr h¡& H§ nZr Zo df© Ho Xm¡amZ H moB© eo`a/BEgAmonr Omar Zht {H$E h¢ Am¡a Z hr eo`amo§ H$s g§»`m _o§ H moB© n[adV©Z hþAm h¡, AV… à{V eo`a VZwH¥ V Am` à{V eo`a H$s _yb Am` Ho g_mZ h¡&
1.13 A_yV© AmpñV`m± A_yV© AmpñV`mo§ _o§ EßbrHo$eZ gmâQ²do`a H$s A{YJ«hU bmJV
em{_b h¢& BgH m n{aemoYZ {~Zm Adeof _yë` Ho AmYma na AmpñV`mo§ Ho Cn`moJr OrdZ `m 3 df© H$s Ad{Y, Omo ^r H$_ hmo na {H$`m OmVm h¡&
266
31 _mM©, 2019 H$mo g_mßV Ad{Y hoVw boImo§ H$s {Qßn{U`m± NOTES TO FINANCIAL STATEMENTS FOR THE yEAR ENDED 31ST MARCH, 2019
2 eo`a ny±Or SHARE CAPITAL (` hµOmamo§ _| ` in thousands)
{ddaU Particulars `Wm As at
March 31, 2019 `Wm As at
March 31, 2018
àm{YH¥ V Authorized12,50,00,000 B©pŠdQ>r eo`a, `10/- g_ _yë` Ho 12,50,00,000 Equity shares, `10/- par value 1,250,000 1,250,000(JV df© 12,50,00,000 B©pŠdQ>r eo`a `10/- g_ _yë` Ho ) (Previous Year 12,50,00,000 equity shares `10/- par value) 1,250,000 1,250,000
{ZJ©{_V, A{^XÎm Ed§ àXÎm Issued, Subscribed and Paid Up7,50,00,000 B©pŠdQ>r eo`a, `10/- g_ _yë` Ho , nyU©V… àXÎm 7,50,00,000 Equity shares, `10/- par value, fully paid up 750,000 750,000 (7,50,00,000 eo`a YmaH H§$nZr H$mnmo©aoeZ ~¢H Am¡a CgHo Zm{_{V`mo§ Ûmam Ym[aV) (7,50,00,000 Shares held by Holding Company Corporation Bank and its Nominees) 750,000 750,000
{Q>ßnUr g§. 2.1… 31.3.2019 Am¡a 31.3.2018 H$mo ~H$m`m eo`am| H$m g_mYmZ `hm§ ZrMo àñVwV h¡… Note No. 2.1 : The reconciliation of the number of shares outstanding as at 31.3.2019 and 31.3.2018 is set out below :
{ddaU Particulars31 _mM©, 2019 H$mo 31 _mM©, 2018 H$mo
As at March 31, 2019 As at March 31, 2018 Ama§^ _| eo`am| H$s g§»`m Number of shares at the beginning 75,000 75,000 OmoS>|… df© Ho$ Xm¡amZ Omar eo`a Add: Shares issued during the year – – KQ>mE§… dmng IarXo JE eo`a (AJa H$moB© hmo Vmo)
Less : Shares bought back (if any) – – A§V _| eo`am| H$s g§»`m Number of Shares at the end 75,000 75,000
H§ nZr Ho nmg Ho db EH hr loUr Ho B{¹$Q>r eo`a h¡ {OgH m g_ _yë` `10 à{V eo`a h¡& B{¹$Q>r eo`a H$m ha YmaH à{V eo`a Ho {bE EH dmoQ H$m hH$Xma h¡& H§$nZr bm^m§e H$m ^wJVmZ KmofUm Ed§ ^maVr` énE _o§ H aVr h¡&`{X {ZXoeH _§Sb Ûmam bm^m§e H m àñVmd h¡, Vmo AJm_r dm{f©H _hm g^m _o§ eo`aYmaH mo§ go BgH m AZw_moXZ àmßV H aZm Mm{hE&H§ nZr Ho n[ag_mnZ Ho Adga na, B{¹$Q>r eo`aYmaH A{Y_mÝ` am{e Ho {dVaU Ho ~mX H§ nZr Ho eof AmpñV H mo àmßV H aZo H m hH Xma hmo§Jo& {dVaU eo`aYmaH Ûmam aIo B{¹$Q>r eo`amo§ H r g§»`m Ho AZwnmV _o§ hmoJm & The Company has only one class of equity shares having a par value of `10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees.The dividend proposed, if any, by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General meeting.In the event of liquidation of the Company, the hoders of the equity shares will be entitled to receive remaining assets of the Company, after distribution of preferential amounts. The distribution will be in proportion to the number of equity shares held by the Shareholders.
{Q>ßnUr g§. 2.2 … 31.3.2019 Am¡a 31.3.2018 H$mo 5% eo`amo§ go A{YH Ym[aV H$aZo dmbo eo`aYmaH$mo§ Ho ã`moao ZrMo àñVwV h¡ :Note No. 2.2 : The details of shareholders holding more than 5% shares as at 31.3.2019 and 31.3.2018 is set out below :
eo`aYmaH$mo§ Ho Zm_ Name of the Shareholders
Ym[aV eo`amo§ H$s g§.
No. of shares held
31 _mM©, 2019 H$mo Ym[aV
As at March 31, 2019
Ym[aV eo`amo§ H$s g§.
No. of shares held
31 _mM©, 2018 H$mo Ym[aV
As at March 31,2018
H mnmo©aoeZ ~¢H (YmaH$ H§$nZr) Am¡a CgHo Zm{_Vr Corporation Bank (Holding Company) and its Nominees 75,000 100% 75,000 100%
{Q>ßnUr g§. 2.3… JV nm±M dfm] _| ZH$Xr Ho$ Abmdm g§ko` eo`am| H$m {ZJ©_Note No. 2.3: Issue of Share for consideration other than in cash in last five years
`Nil `Nil
267ANNUAL REPORT 2018-19
3 Ama{jV {Z{Y`m± d A{Yeof RESERVES & SURPLUS (` hµOmamo§ _| ` in thousands)
{ddaU Particulars `Wm 31 _mM©, 2019
As at March 31, 2019 `Wm 31 _mM©, 2018
As at March 31, 2018ny±Or _moMZ Ama{jV {Z{Y Capital Redemption Reserveàma§{^H eof Opening Balance H /A 250,000 250,000 gm_mÝ` Ama{jV {Z{Y General Reserveàma§{^H eof Opening Balance 11,627 11,627
Omo‹So§: A{Yeof go A§VaU Add: Transferred from surplus – – I/B 11,627 11,627
A{Yeof-àma§{^H$ eof Surplus – Opening balance 158,040 117,929OmoS>|… bm^-hm{Z {ddaU go H$a H$m A§VaU H$aZo Ho$ ~mX {Zdb bm^Add: Net profit after tax transferred from 76,839 40,111
bm^ - hm{Z {ddaU Statement of Profit & Loss – –{d{Z`moOZ hoVw CnbãY am{e Amount available for appropriation 234,879 158,040KQmE§ : {d{Z`moOZ Less : Appropriations
A§{V_ bm^m§e Final Dividend – –
A§V[a_ bm^m§e Interim Dividend – –Hw$b bm^m§e Total Dividend – –{dJV df© hoVw bm^m§e g§{dVaU H$a Dividend Distribution Tax for earlier year –
–
gm_mÝ` Ama{jV {Z{Y _| A§V[aV am{e Amount transferred to General Reserve – –
A{Yeof A§{V_ eof Surplus Closing Balance J/C 234,879 158,040Hw$b Ama{jV {Z{Y Am¡a A{Yeof Total Reserves & Surplus (H$+I+J/A+B+C)
496,507 419,667
4 ì`mnma XoZXm[a`m± TRADE PAyABLES (` hµOmamo§ _| ` in thousands)
{ddaU Particulars`Wm 31 _mM©, 2019
As at March 31, 2019`Wm 31 _mM©, 2018
As at March 31, 2018
gyú_ Am¡a bKw CÚ_mo§ H$s ~H$m`m Xo` Outstanding dues of Micro Enterprices and Small enterprises – –
AÝ` CÚ_mo§ go ~H$m`m Xo`Outstanding dues of Other enterprises
3,600 1,079
3,600 1,079
{Q>ßnUr g§. 4.1gyú_, bKw VWm _Ü`_ CÚmoJ {dH$mg A{Y{Z`_ 2006 Ho$ A§VJ©V d|S>am| H$s pñW{V H$mo CZgo àmßV gyMZm Ho$ AmYma na H§$nZr Zo àH$Q> {H$`m h¡& gyú_ VWm bKw CÚmoJ d|S>am| H$mo ^wJVmZ _| H$moB© {db§~ Zhr hþAm h¡ AV: {H$gr ã`mO `m AÝ` X§S> am{e Ho$ àmdYmZ H$m àíZ Zht h¡& à~§YZ Ûmam àñVwV àË`mdoXZ H$mo boIm narjH$m| Zo ñdrH$ma {H$`m h¡&Note No. 4.1 The Company has made the disclosure based on the information received from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. There are no delays in the payment to micro or small vendors and as such the question of provision of any interest or other penal sum does not arise.The representation of the management has been relied upon by the Auditors.
5 AÝ` Mmby Xo`VmE§ OTHER CURRENT LIABILITIES (` hµOmamo§ _| ` in thousands)
{ddaU Particulars`Wm 31 _mM©, 2019
As at March 31, 2019 `Wm 31 _mM©, 2018
As at March 31, 2018
AÝ` Xo`VmE§ Other payables – –
gm§{d{YH$ Xo`VmE§ (QrSrEg) Statutory Liabilities 122 10122 10
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269ANNUAL REPORT 2018-19
7 J¡a Mmby {Zdoe NON-CURRENT INVESTMENT (` hµOmamo§ _| ` in thousands)
{ddaU Particulars`Wm 31 _mM©, 2019
As at March 31, 2019`Wm 31 _mM©, 2018
As at March 31, 2018
A§{H V _yë` Face Value
_mÌm Qty. am{e (`) Amount
`
am{e (`) Amount
`H$moQ Z {H E JE UnquotedB©pŠdQ>r {bIVmo§ _o§ In Equity Instruments
pŠb`qaJ H$mnmo©aoeZ Am°\ B§{S`m {b{_QoS Clearing Corporation of India Limited 10 500 5,000 5,000
H$moQ Z {H E JE {Zdoemo§ H$m Hw b _yë`Total Value of Unquoted Investments 5,000 5,000
XrKm©d{Y {Zdoemo§ H$m `moJ Total of Long Term Investments 5,000 5,000 KQmE§ : {Zdoemo§ Ho _yë` _o§ õmg hoVw àmdYmZ Less : Provision for Diminution in the value of Investment – –
{Zdoe H$m {Zdb _yë` Net Value of Investment 5,000 5,000
8 AmñW{JV H$a AmpñV`m± DEFERRED TAx ASSETS (` hµOmamo§ _| ` in thousands)
{ddaU Particulars`Wm 31 _mM©, 2019
As at March 31, 2019 `Wm 31 _mM©, 2018
As at March 31, 2018
~{h`mo§ Am¡a Am` H$a A{Y{Z`_ Ho AZwgma _yë`õmg _o§ A§Va Ho H$maUOn account of Difference in Depreciation as per books and as per Income Tax Act 91 242
91 242
9 XrKm©d{Y G$U Ed§ A{JŒ_ LONG TERM LOANS & ADVANCES (` hµOmamo§ _| ` in thousands)
{ddaU Particulars `Wm 31 _mM©, 2019 As at March 31, 2019
`Wm 31 _mM©, 2018 As at March 31, 2018
(Aà{V^yV, AÝ`Wm Z ~VmE OmZo na emoÜ` _mZo JE) (Unsecured, considered good unless stated otherwise)
à{V^y{V O_mE± Security Deposits 11,390 11,240
A{J«_ Am` H$a ({Zdb àmdYmZ)Advanced Income Tax (Net of Provisions) 5,548 5,032
Ý`yZV_ d¡H$pënH H$a O_m Minimum Alternate Tax Credit 38,946 31,559
55,884 47,832
10 BZdo§Qar INVENTORIES (` hµOmamo§ _| ` in thousands)
{ddaU Particulars`Wm 31 _mM©, 2019
As at March 31, 2019 `Wm 31 _mM©, 2018
As at March 31, 2018
O_m à_mUnÌ Certificate of Deposits 204,485 –nÌ Commercial Papers 931,710 943,914BpŠdQ>r BÝdoñQ>_|Q> Equity Investement 2,962 3,273å`yMwdb \§$S> Mutual Funds – 93,021
1,139,157 1,040,208
270
11 ZH$Xr Ed§ ZH$Xr g_Vwë` CASH & CASH EQUIVALENTS (` hµOmamo§ _| ` in thousands)
{ddaU Particulars `Wm 31 _mM©, 2019 As at March 31, 2019
`Wm 31 _mM©, 2018As at March 31, 2018
ZH$Xr Ed§ ~¢H$ eof am{e Cash & Bank Balances
~¢H$m| _o§ eof Balance with Banks
– Mmby ImVo _o§ In Current Account
i) {M{•VMmbyImVoEarmarked Current Accounts 6,894 751
ii) AÝ` Mmby ImVo Other Current Accounts 492 2,117
- 12 _mh go H _ n[an¹ Vmdmbo O_m ImVo _o§ In Deposit account having maturity below 12 months
i) {M{•VO_mE§Earmarked Deposits* 4,875 4,875
ii) AÝ` O_mE§ Other Deposits 36,000 65,548
hmW _| ZH$Xr Cash In Hand 6 8
48,267 73,299
* Cnamoº {M{•V O_mE§ H§ nZr H$s gwajm Am¡a Jma§Qr Ho CÔoí` hoVw CgH$s EZEgB©/~rEgB© _o§ _m{O©Z Am¡a ~H$m`m go g§~§{YV h¡& The deposits earmarked above are for the purposes of security and guarantee of the Company towards its margin and outstandings with NSE/ BSE in the course of its broking business.
12 Aënmd{Y G$U Ed§ A{J«_ SHORT TERM LOANS & ADVANCES (` hµOmamo§ _| ` in thousands)
{ddaU Particulars`Wm 31 _mM©, 2019
As at March 31, 2019 `Wm 31 _mM©, 2018
As at March 31, 2018
(Aà{V^yV, AÝ`Wm Z ~VmE OmZo na emoÜ` _mZo JE) (Unsecured, considered good unless stated otherwise)
OrEgQ>r – >{Z{dpîQ> O_m GST – Input Credit 235 148
{d{dY XoZXma-g§ajH$ Sundry Debtors – Custodian 56 63
nyd©XÎm ì`` Prepaid Expenses 487 253
{d{dY O_mE± Sundry Deposits – 100
778 564
13 AÝ` Mmby AmpñV`m± OTHER CURRENT ASSETS (` hµOmamo§ _| ` in thousands)
{ddaU Particulars `Wm 31 _mM©, 2019 As at March 31, 2019
`Wm 31 _mM©, 2018 As at March 31, 2018
(Aà{V^yV, AÝ`Wm Z ~VmE OmZo na emoÜ` _mZo JE) (Unsecured, considered good unless stated otherwise)àmß` ã`mO Interest Receivable 377 2,571
377 2,571
{ZXoeH$m| Ho$ {dMma Ho$ AZwgma Mmby AmpñV`m±, F$U VWm A{J«_ Cpëb{IV _yë` Ho$ bJ^J ~am~a h¢ Ed§ ì`dgm` Ho$ gm_mÝ` H«$_ _| àmßV hþE h¢&In the opinion of the Directors, the current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business.
271ANNUAL REPORT 2018-19
14 n[aMmbZ go amOñd REVENUE FROM OPERATION (` hµOmamo§ _| ` in thousands)
{ddaU ParticularsMmby df© Current year JV df© Previous Year
2018-19 2017-18
O_m à_mUnÌm| _o§ boZ-XoZ (XoI| {Q>ßnUr g§ 14.1) Trading in Certificate of Deposits (Refer Note No. 14.1)
àma§{^H ñQm°H Opening Stock – 492,918
H«$` Purchases 347,850 –
H$ A 347,850 492,918
KQmE§: {~H«$s/_moMZ Less: Sales/Redemption 150,000 500,000
A§{V_ ñQm°H Closing Stock 204,485 –
I B 354,485 500,000
I-H$ B-A 6,635 7,083
dm{UpÁ`H$ nÌ _| Q´>oqS>J (XoI| {Q>ßnUr g§. 14.1)Trading in Commercial Paper (Refer Note No. 14.1)
àma§{^H ñQm°H Opening Stock 943,914 483,715
H«$` Purchases 1,403,865 2,659,341
H$ A 2,347,779 3,143,055
KQmE§: {~H«$s/_moMZ Less: Sales/Redemption 1,497,955 2,249,908
A§{V_ ñQm°H Closing Stock 931,710 943,914
I B 2,429,666 3,193,821
I-H$ B-A 81,887 50,766
Trading Equity Shares
àma§{^H ñQm°H Opening Stock 3,273 –
H«$` Purchases 97,482 29,311
ñQ>m±n S>çyQ>r EgQ>rQ>r Ed§ BpŠdQ>r Q´>o{S>§J go g§~§{YV H$mamo~ma ewëH$ Stamp Duty, STT and Tunover Charges relating to Equity Trading 1,089 161
H$ A 101,844 29,472
KQ>mE§: {~H«$s/_moMZ Less: Sales/Redemption 98,825 25,893
A§Va{Xdgr` boZXoZ na bm^ Gain on Intraday Transactions -360 91
A§{V_ ñQm°H Closing Stock 2,962 3,273
I B 101,427 29,258
I-H$ B-A -417 -214
~«moqH$J H$mamo~ma go Am` Income from Broking Business 668 785
Gain on Redemption of Short Term Investment 4,104
21
å`yMwAb \§$S> Ho$ g§{dVaU na H$_reZ/Xbmbr Commission/Brokerage on Distribution of Mutual Fund 13 557
92,890 58,997
272
15 AÝ` Am` OTHER INCOME (` hµOmamo§ _| ` in thousands)
{ddaU ParticularsMmby df© Current year JV df© Previous Year
2018-19 2017-18
gmd{Y O_mam{e`mo§ na àmßV ã`mO Interest Received on Fixed Deposits 2,774 7,176
XrKm©d{Y {Zdoe na àmßV bm^m§e Dividend Received on Long Term Investments 1,500 1,500
bKw Ad{Y {Zdoem| na àm Dividend Received on Short Term Investments 83 2
pñWa AmpñV`m| H$s {~H«$s na bm^ Profit on sale of Fixed Assets – –
{d{dY Am` Miscellaneous Income 80 0 4,437 8,678
16 H$_©Mmar {hVbm^ ì`` EMPLOyEE BENEFIT ExPENSES
{ddaU ParticularsMmby df© Current year JV df© Previous Year
2018-19 2017-18
doVZ Ed§ _µOXyar (XoI| {Q>ßnUr g§. 16.1) Salaries & Wages (Refer Note No. 16.1) 5,051 5,814
^{dî` Am¡a AÝ` {Z{Y`m| Ho$ à{V A§eXmZ (XoI| {Q>ßnUr g§. 16.1) Contribution to Provident and other funds(Refer Note No. 16.1) – –
ñQ>m\$ H$ë`mU ì`` Staff welfare expenses 178 301
5,229 6,115
{Q>ßnUr g§. 16.1 doVZ Ed§ _µOXyar _o§ em{_b h¡ `1,636/- (JV df© `1,492/-) H$m {ZXoeH$ H$m nm[al{_H &
({dÎmr` {ddaUm| H$mo ZmoQ> g§. 22 XoI|)Note No. 16.1 Salaries & Wages includes Director’s Remuneration of `1,636/- (Previous Year `1,492/-) (Refer Note No. 22 of the notes to financial statements)
17 AÝ` ì`` OTHER ExPENSES (` hµOmamo§ _| ` in thousands)
{ddaU ParticularsMmby df© Current year JV df© Previous Year
2018-19 2017-18
{H$am`m Rent 755 755
_aå_V Ed§ aI-aImd Repairs & Maintenance 52 56
{ZXoeH$m|§ H$m ~¡RH ewëH Directors Sitting fees 150 123
boIm-narjH$ H$mo ^wJVmZ Payment to Auditor:
boIm-narjm ewëH Audit Fees 55 55
H$a boIm-narjm ewëH Tax Audit Fees 35 35
AÝ` _X| Other Matter – 11
90 101
EE_gr Ed§ S>rnr à^ma AMC & DP Charges 398 221
Egmo{gEeZ gXñ`Vm ewëH$ Association Membership Fee 62 90
273ANNUAL REPORT 2018-19
(` hµOmamo§ _| ` in thousands)
{ddaU ParticularsMmby df© Current year JV df© Previous Year
2018-19 2017-18
~moS>©/boIm-narjm g{_Vr/dm{f©H$ _hmg^m ì``Board/Audit Committee/AGM Expenses 51 38
~rEgB©/EZEgB© Xbmbr H$mamo~ma ì``BSE/NSE broking business expenses 457 461
n[adhZ à^ma Conveyance Charges 175 218
Hw$[a`a/S>mH$ à^ma Courier/Postage ChargesgrEgAma ì`` CSR expense
1261,290
1251,527
{~Obr à^ma Electricity Charges 90 90
_moQ>a H$ma aI-aImd Motor Car Maintenance 320 277
_wÐU Ed§ boIZ gm_J«r Printing & Stationery 87 70
ì`mdgm{`H Ed§ {d{YH ewëH Professional & Legal fees 181 179
Qo{b\$moZ à^ma Telephone Charges 192 228
gËH$ma/H$mamo~ma {dH$mg ì`` Entertainment/Business Dev. Expenses 9 12
{d{dY ì`` Miscellaneous Expenses 193 132
AmaAmogr \$mBqbJ ROC Filing 24 –
OrEgQ>r ì`` GST Expenses 117 –
EZEgS>rEb S>r_¡Q> NSDL Demat 55 –
4,875 4,703
{Q>ßnUr:1. H§ nZr Zo df© Ho Xm¡amZ `12.90 (JV df© `15.27 bmI) bmI H$m ì`` grEgAma ì`` Ho ên _o§ {H `m Am¡a grEgAma CÔoí` hoVw {H E JE ì`` H$s JB© am{e H$m H$mnmo©aoeZ ~¢H Am{W©H
{dH$mg \$mC§SoeZ (Omo _yb H§$nZr Ho$ gh`moJr gyMr~Õ BH$mB© h¡&)
2. df© Ho Xm¡amZ H§ nZr Ûmam grEgAma {HŒ `mH bmnmo§ na {H$`m J`m ì`` `12.90 bmI (JV df© `15.27 bmI) h¡&
Notes: 1. The Company has during the year incurred a sum of `12.90 lakhs as CSR Expenses (Previous year `15.27 lakhs) and paid the sum to
Corporation Bank Economic Development Foundation (in collaboration with its parent Company which is a listed entity) to incur the expenses for the purposes of CSR.
2. Gross amount required to be spent by the Company on CSR activities during the year `12.90 lakhs (Prev. year `15.27 lakhs)
df© Ho Xm¡amZ {ZåZdV na IM© H$s JB© am{e (` bmI _o§) Amount (in `lakhs) spent during the year on -
ZH Xr _o§ In cash
ZH$X ^wJVmZ hoVwyet to be paid in cash
Hw$b Total
(i) H§ ñQ—ŠeZ/ {H gr AmpñV`mo§ H$m AO©Z Construction / Acquisition of any asset
0 (0)
0 (0)
0 (0)
(ii) Cnamoº (i) Ho Abmdm AÝ` CÔoí` on purpose other than (i) above
(12.90)
0 (0)
(12.90)
Hw$b Total
(12.90) 0
(0)
(12.90)
3. Ý`yZV_ Xo` ^mdr nÅm {H am`m {ZåZdV h¡ Minimum future lease rentals payable are: 2018-19 2017-18
H$)/a) EH df© Ho A§Xa Xo` Payable within one year 755 755
I)/b) EH df© Ed§ nm§M df© Ho A§Xa Xo` Payable within one year & five years – –
J)/c) nm§M df© Ho ~mX Xo` Payable after five years – –
274
18 à{V eo`a AO©Z EARNING PER SHARE (` µhOmam| _o| in thousands)
{ddaU ParticularsMmby df© Current year JV df© Previous Year
2018-19 2017-18
(H /A) B©pŠdQ>r eo`aYmaH$m| H$mo {Z`moÁ` bm^ Profit attributable to Equity Shareholders 76,839 40,112(I/B) df© Ho Xm¡amZ ~H$m`m B©pŠdQ>r eo`amo§ H$s g§»`m No. of Equity Shares outstanding during the year 75,000 75,000(J/C) àË`oH B©pŠdQ>r eo`a H$m A§{H$V _yë` (`) Face Value of each Equity Share (`) 10 10 (K/D) à{V eo`a _yb Ed§ VZyH¥$V AO©Z (`) Basic & Diluted earning per Share (`) 1.02 0.53
19 H§ nZr Ho g^r H _©Mmar H$mnmo©aoeZ ~¢H go à{V{Z`w{º na h¢ Am¡a ~¢H H$s H _©Mmar ^{dî` {Z{Y Ho gXñ` h¢ Am¡a ~¢H H$s no§eZ {Z{Y Ho ^r gXñ` h¢, BZ XmoZmo§ H$mo Am` H$a A{Y{Z`_, 1961 Ho A§VJ©V AmZo dmbo Ý`mg Ho ê n _o§ _mÝ`Vm-àmßV h¡& no§eZ {Z{Y Ho g§~§Y _o§, no§eZ {dH ënXmVmAmo§ Ho doVZ go 10% Ho _m{gH A§eXmZ Ho Abmdm ~¢H , no§eZ Xo`VmAmo§ H$s Xo`VmAmo§ H$s ny{V© hoVw ~r_m§{H H _yë`m§H Z Ho AmYma na EH _wíV ê n go {Z{Y _o§ A§eXmZ H aVm h¡& godm{Zd¥{Îm bm^ H$m àmdYmZ H$mnmo©aoeZ ~¢H Ûmam {H$`m OmVm h¡& Bgr àH$ma, CnM` AmYma na NwÅr ZH XrH aU H$m àmdYmZ H$mnmo©aoeZ ~¢H Ûmam {H$`m OmVm h¡ Am¡a AV… godm{Zd¥{Îm Xo` H$mo H§ nZr Ûmam Xo`Vm Ho ê n _o§ _mÝ`Vm Zht Xr JB© h¢&
All the employees of the Company are on deputation from Corporation Bank and are the members of Bank’s Staff Provident Fund and also the members of Bank’s Pension Fund, both are recognised as Trusts coming under Income Tax Act, 1961. In regard to Pension Fund, apart from the monthly contribution of 10% of the salary of pension optees, the Bank contributes to the Fund in lump sum, based on the actuarial valuation to meet the pension liabilities. The provision for retirement benefits is made by Corporation Bank. Similarly provision for Leave Encashment and Gratuity on accrual basis is made by Corporation Bank and hence retirement dues are not recognised as a liability by the Company.
20 àI§S [anmo{Q>ªJ… H§ nZr AnZm H$mamo~ma _w»`V… ^maV H$s joÌr` n[a{Y Ho A§Xa H$aVr ahr h¡& VXZwgma, {dÎmr` {ddaU ^m¡Jmo{bH àI§S Ho AmYma na àI§Sr` gyMZm H$m àmW{_H AmYma g§b¾ bm^-hm{Z boIm VWm VwbZ-nÌ Ho AZwgma h¡ {Og_o§ ^maVr` gZXr boImH$ma g§ñWmZ Ûmam Omar boIm§H$Z _mZH (EEg-17) "àI§S [anmo{Q>ªJ' Ho AYrZ `Wm Ano{jV g^r àmW{_H àH QZ O¡go àI§S amOñd, àI§S n[aUm_, àI§S AmpñV`m±, àI§S Xo`VmE§ Am{X {XE JE h¢&
BgHo Abmdm, H§ nZr Xmo AbJ-AbJ H$mamo~a {H«$`mH bmnmo§ AWm©V² 1. å`wMwAb \§ S CËnmXmo§ Ho g§{dVaU Am¡a 2. O_m à_mUnÌmo§, Q—oµOar {~b Am¡a {XZm§{H V gaH$mar à{V^y{V`mo§ Ho boZ-XoZ _o§ bJr h¡& df© Ho$ Xm¡amZ H§$nZr Ho$ nmg g§ñWmJV {ZXoeH$m| Ho$ eo`a ~«moqH$J H$m ì`dgm` {H$`m h¡& VWm{n boIm§H$Z _mZH$-17 Ho$ AZwgma `h ì`dgm` AbJ go [anmoQ>© {H$E OmZo hoVw nmÌ Zht h¡& AV… Cn`w©º Xmo H$mamo~ma àI§Smo§ na AmYm[aV àmW{_H$ àI§Sr` [anm{Q>ªJ {ZåZdV h¡…
Segment Reporting: The Company has been predominantly carrying on its business within the territorial limits of India. Accordingly, the primary basis of segmental information on the basis of geographical segment in the financial statement is as per the attached Profit and Loss account and Balance Sheet that give all the necessary primary disclosures such as Segment Revenue, Segment Result, Segment Assets, Segment Liabilities, etc., as required under Accounting Standard (AS-17) “Segment Reporting” issued by the Institute of Chartered Accountants of India.
Further the Company is engaged in the business of two separate business activities, viz. 1. Distribution of Mutual Fund Products and 2. Dealing in Certificate of Deposits, Treasury Bills and Dated Govt. Securities. The Company also has a business segment of sharebroking for institutional investors during the year. However the business does not qualify for reporting as a separate segment based in parameters of AS-17. Therefore, the primary segmental reporting based on the above mentioned two business segments is as under:
275ANNUAL REPORT 2018-19
31 _mM© 2019 VH$ Ed§ H$mo g_mßV df© Ho${bE IÊS>r` gyMZmAmo H$m gmam§eSummary of the Segmental information as at and for the year ended 31st March, 2019 (` hµOmamo§ _| ` in thousands)
{ddaU Particulars
2018-19 2017-18
Hw$b Total Hw$b Total Xbmbr Ed§
H$_reZ ì`mnmaBroking and Commission
Business
O_m à_mUnÌ/Q—o. {~b/gaH$mar à{V^y{V`mo§/BpŠdQ>r _o§ boZ-XoZ
Dealing in CDs/T.Bills/Govt. Securities/Equity
Xbmbr Ed§ H$_reZ ì`mnma
Broking & Commission
Business
O_m à_mUnÌ/Q—o.
{~b/gaH$mar à{V^y{V`mo§/ BpŠdQ>r _o§ boZ-XoZ
Dealing in CDs/T.Bills/Govt. Securities/Equity
amOñd Revenue
~mø amOñdExternal Revenue 681 92,209 92,890 1,341
57,656
58,997
KQmE§: A§VIªS>r` amOñd Less: Inter-segment Revenue – –
– – – –
Omo‹So§ : A{d{ZYmZr` Am`Add: Un-allocable Income –
– 4,437 –
– 8,678
Hw$b amOñd Total Revenue – – 97,327 –
– 67,676
n[aUm_ Results
IÊS>r` n[aUm_ Segment Result 73 9,921 9,995 299 9,848 10,077
KQmE§: ã`mO Ed§ {\${ZqeJ à^ma Less: Interest and Finishing charges – –
447 – – 1,486
Omo‹So§ : ã`mO amOñdAdd : Interest Revenue – – – – – –
H$a nyd© bm^Profit beofre tax
–
–
86,855 –
–
56,113
KQmE§ : H$a ì``Less : Tax Expenses
–
– 10,015 –
– 16,001
H$amonam§V bm^Profit after Tax
–
– 76,839 –
– 40,111
AÝ` gyMZm Other Information
àI§S AmpñV`m± Segment Assets 11,375 1,139,157 1,150,532 11,225 1,040,208 1,051,433
AZm~§{QV >AmpñV`m± Unallocated Assets – – 99,696 – – 119,323
Hw$b AmpñV`m± Total Assets – – 1,250,228 – – 1,170,756
àI§S Xo`VmE§ Segment Liabilities
AZm~§{Q>>V Xo`VmE§Unallocated Liabilities
– – 3,723 – – 1,088
Hw$b Xo`VmE§ Total Liabilities 3,723 – – 1,088
ny±OrJV ì`` Capital Expenditure
AZm~§{Q>V ny±OrJV ì``Unallocated Capital Expenditure –
–
–
–
450
_yë`õmg/n[aemoYZ Depreciation/Amortisation
– – 368 – – 746
AZm~§{Q>V _yë`õmg Ed§ n[aemoYZUnallocated Depreciation and Amortisation
– – 368 – – 1,196
276
21 H§$nZr, H$mnmo©aoeZ ~¢H Ho nyU© ñdm{_Ëd dmbr AZwf§Jr h¡& H§$nZr H$m g_J« n`©dojU Ed§ {Z`§ÌU BgHo {ZXoeH _§Sb Ho hmWmo§ _o§ h¡& H§$nZr Ho à~§Y {ZXoeH g{hV g^r à_wI à~§YH$s` H$m{_©H Omo H§$nZr _o§ H$m_ H a aho h¢, do H$mnmo©aoeZ ~¢H go à{V{Z`w{º na AmE h¢& do H§$nZr _o§ nyU©H$mbrZ H$m`© H a aho h¢&
The Company is a fully owned subsidiary of Corporation Bank. The overall supervision and control of the Company vests with the Board of Directors. All the key managerial personnel including the Whole time Director & Co. Secretary of the Company are on deputation from Corporation Bank. They are working full-time with the Company.
22 g§~§{YV nmQr© àH$Q>Z RELATED PARTy DISCLOSURES
g§~§{YV nmQr© àH$QZ na boIm§H Z _mZH (EEg)-18 Ho n¡am 9 Ho AZwgma, amÁ` gaH$ma Ho {Z`§ÌUmYrZ CÚ_ hmoZo Ho ZmVo H§$nZr Ho {bE `h Ano{jV Zht h¡ {H dh gaH$ma Ho {Z`§ÌUmYrZ AÝ` CÚ_mo§ Ho gmW g§~§{YV nmQr© boZ-XoZmo§ Am¡a Eogo CÚ_mo§ Ho gmW boZ-XoZmo§ H$m àH QZ H ao§& AV: H$mnm}aoeZ ~¢H$ (_yb H§$nZr) Ho$ gmW boZXoZ H$mo àH$Q> Zht {H$`m J`m h¡&
As per Para 9 of the Accounting Standard (AS)-18 on Related Party Disclosures, the Company being a state-controlled enterprise is not required to make disclosures of related party transactions with other state controlled enterprises and transactions with such enterprises. Hence, transactions with Corporation Bank (Parent Company) is not disclosed.
df© Ho Xm¡amZ g§~§{YV nm{Q>©`mo§ Ho gmW {H$E JE boZ-XoZ:Details of Related Party transactions during the year:
g§~§{YV nm{Q©`mo§ H$m Zm_ Name of Related Parties g§~§Y H$m ñdê$n Nature of Relationship
H$mnm}aoeZ ~¢H$ Corporation Bank YmaH$ H§$nZr Holding Company
E. AmB©. Ooåg A. I. James nyU©H$m{bH$ {ZXoeH$ Ed§ H§$nZr g{Md (10 OyZ, 2014 go-AmO H$s VmarI VH$)Whole-time Director & Co. Secretary (10 June, 2014 - Till Date)
XrnH$ a§OZ Deepak Ranjan àYmZ {dÎm A{YH$mar Chief Financial Officer
df© Ho Xm¡amZ H§$nZr Ûmam g§~§{YV nm{Q>©`mo§ Ho gmW {H$E JE boZ-XoZ:Transactions that have taken place during the year with related parties by the Company: (` µh‹Omam| ‘| ` in thousands)
g§~§{YV nm{Q>©`mo§ H$m Zm_ Name of Related Parties
df© Ho Xm¡amZ boZ-XoZ H$m ñdê$n Nature of Transaction during the year
2018-2019
H$mnmo©aoeZ ~¢H Corporation Bank
gmd{Y O_mAm| na ã`mOInterest on Fixed Deposits 2,497
H$mnmo©aoeZ ~¢H Corporation Bank
{H$am`m `m bmJV eo`[a¨JRent Cost Sharing* 755
H$mnmo©aoeZ ~¢H Corporation Bank
{~Obr VWm aIaImd eo`[a¨JElectricity and Maintenance Cost Sharing 126
H$mnmo©aoeZ ~¢H Corporation Bank
à{V{Z`wpŠV na AÝ` ñQ>m\$ Ho$ bmJV H$s à{Vny{V©Reimbursement of cost of other staff on deputation 2,637
E. AmB©. OoågA. I. James
{ZXoeH$m| H$mo nm[al{_H$Directors Remuneration 1,636
{XnH$ a§OZ Deepak Ranjan
nm[al{_H$ Remuneration 956
* n[aga H$m {H$am`m _yb ~¢H$ Ûmam {ZYm©[aV Ho$ ê$n _| ^wJVmZ {H$`m OmZm Omar h¡Ÿ& The Rent on Premises continues to be paid as prescribed by the Parent Bank
277ANNUAL REPORT 2018-19
23 Ohm± VH pŠb`qaJ H$mnmo©aoeZ Am°\ B§{S`m {b{_QoS Ho B©{¹$Qr eo`amo§ _o§ {H E JE `50 bmI {Zdoe H$m g§~§Y h¡, VwbZ-nÌ H$s VmarI H$mo BgH$m ~mµOma _yë` nVm Zht bJm`m Om gH Vm My±{H `o eo`a gyMr~Õ Zht h¢& VWm{n, bmJV na _yë` {b`m J`m h¡ Am¡a ZdrZV_ CnbãY dm{f©H {anmoQ© Ho AZwgma Cº {Zdoe Ho _yë` _o§ H$moB© {JamdQ `m õmg Zht hþAm h¡&
As regards the Investment of `50 lakhs made in Equity Shares of Clearing Corporation of India Limited, market value as on Balance Sheet date is not ascertainable, as the shares are not listed. However, as certified by the management the value is taken at cost and there is no deterioration or depreciation in the value of Investment as ascertained from the latest available audited annual report.
24 _yë`õmg Am¡a g^r kmV Xo`VmAmo§ Ho {bE àmdYmZ n`m©ßV h¡ Am¡a Amdí`H am{e go A{YH Zht h¡& The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.
25 {d{dY XoZXmamo§, G$Umo§ Ed§ A{JŒ_mo§ H$s eofam{e, nwîQrH aU Am¡a n{aUm_r g_m`moOZ, `{X H$moB© hmo Vmo CgHo AYrZ h¡& Balances of Loans & Advances are subject to confirmation and consequential adjustments, if any.
26 H§$nZr Ho$ H$_©Mmar BgH$s hmopëS§J H§$nZr, H$mnm}aoeZ ~¢H$ go à{V{Z`wpŠV na h¢Ÿ& H$mnm}aoeZ ~¢H$ BZ H$_©Mm[a`m| Ho${bE g_`-g_` na bmJy J«oÀ`wQ>r>, ZH$XrH$aU Am¡a Eogo AÝ` godm{Zd¥{Îm bm^m| Ho$ {bE àmdYmZ H$aVm h¡/Bg{bE H§$nZr H$mo H$_©Mm[a`m| H$s J«oÀ`wQ>r _| `moJXmZ Zht H$aZm n‹S>Vm h¡ Am¡a Bg{bE EEg-15 Ho$ àmdYmZ bmJy Zht hmoVo h¢Ÿ&
The Staff of the Company are employees on deputation from its holding Company, the Corporation Bank. The Corporation Bank makes provisions for gratuity, leave encashment and such other retirement benefits as applicable from time to time for these employees. Hence the Company does not have to contribute towards gratuity of the employees and hence provisions of AS-15 are not applicable.
27 bm^ VWm hm{Z {ddaU Ho$ {Z_m©U hoVw gm_mÝ` {ZX}em| Ho$ AZwÀN>oX 5 (viii) Ho$ A§VJ©V {Z{X©îQ> {dXoer _wÐm _| boZXoZ na A{V[aŠV gyMZm$ Additional information on transactions in foreign currency as specified under Para 5 (viii) of the General Instructions for preparation
of statement of profit and loss
dV©_mZ df ©Current year
2018-19
JV df©Previous Year
2017-18
H$ÀMo _mb, ny±OrJV dñVwAm|, KQ>H$m| Am¡a H$bnwOm] Ho$ {bE grAmB©E\$ AmYma na JUZm {H$E JE Am`mV H$m _yë`Ÿ&Value of imports calculated on CIF basis for raw materials, capital goods, components and spare parts.
eyÝ` NIL eyÝ` NIL
am°`ëQ>r, noeoda `m VH$ZrH$s nam_e© ewëH$, nVm, ã`mO `m AÝ` _m_bm| na {dXoer _wÐm _| ì``Ÿ&Expenditure in foreign currency on royalty, professional or technical consultancy fees, knowhow, interest or other matters.
eyÝ` NIL eyÝ` NIL
{dÎmr` df© Ho$ Xm¡amZ Cn^moJ {H$E JE g^r Am`m{VV H$ÀMo _mb, ñno`a nmQ²>g© Am¡a KQ>H$m| H$m _yë`& Value of all imported raw materials, spare parts and components consumed during the financial year.
eyÝ` NIL eyÝ` NIL
bm^m§e Ho$ H$maU {dÎmr` df© Ho$ Xm¡amZ ào{fV am{e& Amount remitted during the financial year on account of dividends eyÝ` NIL eyÝ` NIL
_mb Ho$ {Z`m©V Ho$ {bE E\$Amo~r Ho$ AmYma na JUZm H$s JB© {dXoer _wÐm _| Am`& Earnings in foreign exchange calculated on FOB basis for export of goods eyÝ` NIL eyÝ` NIL
am°`ëQ>r, ã`mO, bm^m§e, nVm, noeoda `m VH$ZrH$s nam_e© ewëH$ Ho$ H$maU {dXoer _wÐm _| Am`& Earnings in foreign exchange on account of royalty, interest, dividend, knowhow, professional or technical consultancy fees
eyÝ` NIL eyÝ` NIL
278
28 Ohm± H$ht Amdí`H$ g_Pm J`m, JV df© Ho$ Am§H$‹S>m| H$mo nwZ: g_y{hV, nwZ: ì`dpñWV `m nwZ: dJuH¥$V {H$`m J`m h¡& Previous year figures have been regrouped, rearranged or reclassified wherever necessary to make them comparable with those of the
current year.
h_mar g§b½Z g_{XZm§{HŸV {anmoQ© Ho AZwgma As per our report of even date attached
H¥ŸVo ^yQ>m emh EÊS> H§$.For Bhuta Shah & Co.gZXr boImHŸma CHARTERED ACCOUNTANTS\$_© n§OrH$aU g§. 101474WFRN No. 101474W
AVwb JmbmAtul Gala gmÂmoXma Partner gXñ`Vm g§§. 048650Membership No. 048650
nr. dr. ^maVrP. V. Bharathi
AÜ`j ChairmanS>rAmB©EZ DIN 06519925
{~énmj {_lm Birupaksha Mishra
{ZXoeH DirectorS>rAmB©EZ DIN 06884225
dr. _wÎmwH¥$îUZ V. Muthukrishnan
{ZXoeH DirectorS>rAmB©EZ DIN 03113886
E. AmB©. OoågA. I. James
nyU©H$m{bH$ {ZXoeH$ Ed§ H§$nZr g{Md Whole time Director & Company Secretary
S>rAmB©EZ DIN 06903375
nr. Ho$. AmMm`© P. K. Acharya
{ZXoeH DirectorS>rAmB©EZ DIN 06503668
Ama. lrYaZ R. Sridharan
{ZXoeH DirectorS>rAmB©EZ DIN 08267185
ñWmZ Place : _w§~B© Mumbai{XZm§H Dated : 10 _B© May, 2019
XrnH$ Hw$_ma a§OZ Deepak Kumar Ranjan
gr.E\$.Amo. C.F.O.
H$mn©~¢H$ {gŠ`w{aQrµO {b{_QoS Ho {ZXoeH _§Sb Ho {bE d CZH r Amoa go For and on behalf of the Board of Directors of CorpBank Securities Limited
279ANNUAL REPORT 2018-19
H$mnm}aoeZ ~¢H$Zm‘m§H$Z ’$m‘©
(AHo$bo ¶m Ho$db Xmo ì¶{º$¶m| VH$ AmdoooXZ H$aZodmbo ì¶{º$ Ûmam ^am OmE)
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Xmo gm{j¶m| Ho$ hñVmjaZm‘ Am¡a nVm 1................................. 1................................. 2................................. 2.................................
{XZm§H$… {XZm§H$ g{hV hñVmja
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Zm‘m§{H$Vr hmo gH$Vm h¡ ~eV} {H$ ^m.[a.~¡. Ûmam {XE JE AZw‘moXZ H$mo ~¢H$ Ho$ nmg n§OrH¥$V H$adm¶m hmo&4. eo¶am| H$m A§VaU hmoZo na Zm‘m§H$Z {ZañV hmo OmEJm&5. Zm‘m§{H$Vr Ho$ nj ‘| eo¶a H$m A§VaU H$mZyZr dm[ag Ho$ {déÕ ~¢H$ H$m d¡Y Xm{¶Ëd-‘moMZ hmoJm&6. Zm‘m§H$Z g§~§Yr gyMZm/Zm‘m§H$Z ’$m‘© ~¢H$/~¢H$ Ho$ a{OñQ´>ma/eo¶a A§VaU EO|Q> Ho$ nmg Xmo à{V¶m| ‘| Xm¶a {H$¶m OmE, Omo CgH$s EH$ à{V eo¶aYmaH$ H$mo bm¡Q>mE§Jo&
Ho$db H$m¶m©b¶ Ho$ Cn¶moJ hoVw
Zm‘m§H$Z n§OrH$aU g§. ....................... n§OrH$aU H$s VmarI…...........................
{Q>ßnUr… ......................................... Om±MH$Vm© Am¡a H$‘©Mmar Ho$ hñVmja …...........................................
280280
CORPORATION BANKNOMINATION FORM
(To be fi lled in by individual applying singly or jointly, only upto two persons)
I/We__________________________________________ and____________________________________________________and _____________________________________________________________________________ the holder of __________________ equity shares bearing Distinctive Nos. from _______________to ____________ of Corporation Bank vide Folio No. CBE_____________ wish to make a nomination and do hereby nominate the following person(s) in whom all rights of transfer and/or amount payable inrespect of shares shall vest in the event of my/our death.
NAME(S) AND ADDRESS(S) OF NOMINEE(S)
Name ____________________________________________
Address___________________________________________
_________________________________________________
Date of Birth * ______________________________________ ___________________________________
(* To be furnished in case the nominee is a minor) Signature of Nominee (Optional)** The nominee is a minor, whose guardian is:
Name : ____________________________________________________________________________________
Address: ___________________________________________________________________________________(** To be deleted if not applicable)
Signature(s) of Holders(s)
Signature : 1. _______________________ 2._____________________________3.__________________________
Name : 1. _______________________ 2._____________________________3.__________________________
Address : ___________________________________________________________________________________
Date : _______/_______/201
Signature of two witnesses Name and Address 1. _____________________________ 1. _____________________________ 2. _____________________________ 2. _____________________________
Date: Signature with date
Instructions:
1. The nomination can be made by individuals’ only applying/holding shares on their own behalf singly or jointly. Non individuals including society, trust, body corporate, partnership fi rm, karta of Hindu Undivided family, holder of power of attorney cannot nominate. If the shares are held jointly, all joint holders will sign (as per the specimen registered with the Bank) the nomination form.
2. A minor can be nominated by a holder of shares and in that event the name and address of the Guardian shall be given by the holder.3. The nominee shall not be a trust, society, body corporate, partnership fi rm, Karta of Hindu Undivided Family or a power of attorney
holder. A non-resident Indian can be a nominee on a re-patriable basis, provided RBI approval granted is registered with the Bank.4. Nomination shall stand rescinded upon transfer of share(s).5. Transfer of share in favour of a nominee shall be a valid discharge by a Bank against the legal heir.6. The intimation regarding Nomination/Nomination form shall be fi led in duplicate with Bank/Registrar & Share Transfer Agents of the
Bank who will return one copy thereof to the shareholder.
FOR OFFICE USE ONLY
Nomination Registration No. _____________________ Date of Registration:______________________
Remarks:___________________________________ Checked by and Signature of Employee: ___________________________
281ANNUAL REPORT 2018-19
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B©pŠdQ>r eo`am| na bm^m§e Ho$ ^wJVmZ hoVw EZEgrEM/AmaQ>rOrEg/EZB©E\$Q>r A{YXoe \$m_©(H$mJµOr ê$n _| eo`am| Ho$ _m_bo _| - eo`a A§VaU EOoÝQ> _ogg© H$mdu H$§ß`yQ>a eo`a àm. {b. H$mo ^oO|)
(S>r_¡Q> eo`am| Ho$ _m_bo _| - AnZo {S>nm°{µOQ>ar nm{Q>©{gnoÝQ> H$mo ^oO|)
1. àW_ eo`aYmaH$ H$m Zm_ (ñnï> Ajam| _|) :
2. nVm :
3. n§OrH¥$V \$mo{b`mo g§. : gr~rB© ............... (`{X S>r_¡Q> Zht {H$`m J`m) J«mhH$ AmB©S>r g§. ...........
(`{X S>r_¡Q> {H$`m J`m hmo) S>rnrAmB©S>r g§. ................. 4. ~¢H$ ImVo Ho$ {ddaU
H$. ~¢H$ H$m Zm_ :
I. emIm H$m Zm_ Am¡a eha `m ñWmZ H$m Zm_ ({nZ H$moS>) :
J. ImVm g§. (MoH$ ~wH$ _| `Wm C{„{IV) :
K. ImVo H$m àH$ma (H¥$n`m {Q>H$ H$a|) : ~.~¢. Mmby ZH$X CYma
S>. ~¢H$ Ûmam Omar E_AmB©grAma MoH$ na A§{H$V ~¢H$ Ed§ emIm H$s 9 A§H$s` E_AmB©grAma Hy$Q> g§. :
M. emIm H$m AmB©E\$Eggr Hy$Q> :
N>. g§nH©$ ã`m¡ao: _mo~mB©b g§......................................... B©-_ob AmB©S>r...........................................
5. Hy$Q> g§»`mAm| H$s n[aewÕVm gË`m{nV H$aZo Ho$ {bE H¥$n`m AnZo ~¢H$ Ûmam Omar AnZo Cn`©wŠV ImVo go g§~§{YV MoH$ nÞo H$s EH$ \$moQ>moà{V `m EH$ H$moam {ZañV MoH$ g§b¾ H$a| Ÿ&
KmofUm
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ñWmZ : àW_ eo`aYmaH$ Ho$ hñVmja{XZm§H$ :
à_m{UV {H$`m OmVm h¡ {H$ D$na C{„{IV {ddaU h_mao A{^boI Ho$ AZwgma ghr h¢Ÿ&
ñWmZ : g§~§{YV ~¢H$ Ho$ à~§YH$ Ho$ hñVmja{XZm§H$ :
{Q>ßnUr: 1. H¥$n`m g^r H$m°b_ ^a| Ÿ& AnyU© ànÌm| na {dMma Zht {H$`m OmEJm Ÿ& 2. `{X `h ànÌ nhbo hr àñVwV {H$`m Om MwH$m h¡ Vmo nwZ: XoZo H$s Amdí`H$Vm Zht h¡ Ÿ& 3. ~¢H$ go à_mU nÌ àmßV H$aZo Ho$ ñWmZ na eo`aYmaH$ EH$ H$moam "{ZañV' MoH$ `m CgH$s \$moQ>moà{V g§b¾ H$a gH$Vo h¢Ÿ&
282
NACH/RTGS/NEFT MANDATE FORM FOR PAYMENT OF DIVIDEND ON EQUITY SHARES
(In case of physical shares – send to Share Transfer Agent, M/s. Karvy Computershare Pvt. Ltd.)(In case of demat shares – send to your Depository Participant)
1. First Shareholder’s Name (in Block letters) :
2. Address :
3. Regd. Folio No. : CBE ...................... (If not Dematerialised)
(If Dematerialised) : Client ID No……………………….:
DPID No……………………..
4. Particulars of Bank Account :
A. Bank Name :
B. Branch Name & City or name of ¡lace (Pin code) :
C. Account No. (as appearing on the Cheque Book) :
D. Account Type (Please tick) : SB Current Cash Credit
E. 9 Digit MICR code No. of the Bank & Branch : As appearing on the MICR cheque issued by the bank :
F. IFSC Code of the Branch :
G. Contact Details : Mobile No……………………………. E-mail id ………………………………………………..
5. Please attach a photocopy of a cheque leaf or a blank cancelled cheque issued by your Bank relating to your above account for verifying the accuracy of the code numbers.
DECLARATION
I hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I would not hold the Corporation Bank responsible. In case of NECS/RTGS/NEFT facility not being available for any reason, the account details provided above may be incorporated in the payment instrument.
Place :Date : Signature of the fi rst shareholder Certifi ed that the particulars furnished above are correct as per our records.
Place :Date : Signature of the Manager of the Bank Concerned
Notes : 1. Kindly fi ll all columns. Incomplete forms shall not be entertained. 2. Please ignore this form, if the same is already submitted. 3. In lieu of the Bank Certifi cate to be obtained, shareholders can attach a blank ‘cancelled’ cheque or a photocopy thereof.
283ANNUAL REPORT 2018-19
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$H$mnm}aoeZ ~¢H$àYmZ H$m`m©b`: _§Jbyé � 575 001
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_¢/h_ .........................................................., .............................................. amÁ` Ho$ ................................. {Obo Ho$ .................H$m/
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H¥$n`m15 n¡go H$maodoÝ`y ñQ>m§n {MnH$mE§>
284
Corporation BankHead Offi ce : Mangaluru – 575 001
FORM ‘B’
FORM OF PROXY(To be fi lled in and signed by the shareholder)
I/We, ............................................................................................................................................................................... Resident of.............................................................................................. in the District of .........................................................................in the State of................................................................................................being a shareholder/s of CORPORATION BANK,hereby appoint Shri/Smt. ........................................................................................................................... resident of……...............................................................………....................................................................................... in the district of................................................................................................................ in the State of...............................................................orfailing him/her, Shri/Smt. ............................................ resident of ......................................................................................................
in the District of ..................................................................... in the State of ...................................................................................as my/our proxy to vote for me/us on my/our behalf at the ANNUAL GENERAL MEETING of the shareholders of the Bank to be held at 10.30 a.m. on Saturday, 29th June, 2019, at MILLENNIUM BUILDING, CORPORATION BANK, HEAD OFFICE, MANGALURU and at any adjournment thereof.
Signed this …………………….. day of ………………………… 2019.
....................................................................... ............................................................................. Signature of the Proxy Signature of the fi rst holder/sole holder Name : .......................................................................... Address : .......................................................................... .......................................................................... ..........................................................................
INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM 1. The instrument of proxy to be valid,
a. in case of an individual shareholder, shall be signed by him/her or by his/her attorney duly authorised in writing. b. in the case of joint holders, shall be signed by the shareholder fi rst named in the Register of Members or by his/her attorney
duly authorised in writing.c. in the case of a body corporate, shall be signed by its offi cer and executed under its Common Seal, if any, or otherwise signed
by its attorney duly authorised in writing. 2. An instrument of proxy, in which the thumb impression of the shareholder is affi xed, will be valid provided it is attested by a
Judge, Magistrate, Sub-Registrar of Assurances or any other Government Gazetted Offi cer or an offi cer of Corporation Bank. 3. The proxy together with
a. the power of attorney or other authority (if any) under which it is signed orb. a copy of that power of attorney or authority, certifi ed by a Notary Public or a Magistrate, should be deposited at the Head
Offi ce of Corporation Bank, not later than FOUR DAYS before the date of the Annual General Meeting, i.e. on or before closing hours i.e. 5.00 p.m. of Monday the 24th June, 2019.
4. In case the relevant power of attorney is already registered with Corporation Bank or its Share Transfer Agent, the registration number of the power of attorney and the date of such registration may be mentioned.
5. No proxy shall be valid unless it is duly stamped. 6. An instrument of proxy deposited with the Bank shall be irrevocable and fi nal. 7. In the case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be
executed. 8. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the meeting to which such
instrument relates. 9. No person shall be appointed as duly authorised representative or a proxy who is an offi cer or an employee of CORPORATION
BANK. 10. No instrument of proxy shall be valid unless it is in Form “B”.
Please affi xfi fteen paise
revenuestamp
Regd. Folio No. CBE ..........................(If not Dematerialised)
DPID No. ........................................... Client ID No. ..................................... (If Dematerialised)
CORPORATION BANK
WF TMfCM: 11 0pg ¶f, T - 575001 Head Office: Mangala Devi Temple Road, MANGALURU-575001.
:i / SLN0:.
qft Tm1T * ffrfT ——T ATTENDANCE SLIP-CUM-ENTRY PASS FOR ANNUAL GENERAL MEETING
29 , 2019 Date : 29th June, 2019 Time :10.30 A .M.
9 10.30 Place : Auditorium, Millennium Building Corporation Bank, TF : PIP, 'e1I14 TFT, q'i'.4i'i TFI vqlciq Head Office, Mangaluru - 575001
1 1 Ic.<) 575_001
s*-i1r ti ATTENDANCE SLIP
(Tr * PTZ iPTI fZff Wt, To be surrendered at the time of entry)
(9N 7W NeM 4 NAME IN BLOCK LETTERS)
( Member! SI1t Proxy! 31fT ithfi Authorised Representative)
3Tl T. FOLIO/DPID/CLIENT ID NO.
1T1
No. of Shares
it I1II I Note: Entry restricted only to the first named shareholder in case of joint holding.
iifm Signature of Shareholder/Proxy/Representative present
T~T IT-51 ENTRY PASS
('nTr 7W 319t 4 NAME IN BLOCK LETTERS)
Member! tzRt Proxy! 317 TIf?1i Authorlsed_Representative)
/A t r, q, 31Tt .
FOLIO/DPID/CLIENT ID NO. No. of Shares
T:t Sl.No:
3*-TT * IM'II1 Signature of Shareholder/Proxy/Representative present
F1IEVEN TUR3ITI USER ID gIdcl/PASSWORD
(—T W 9)
(E-VOTING EVENT NUMBER)
3J rj t qftf t ff iiei
I ii i /ifPrI1W1EA ft ft miii i trif I f
, T I lQ'dll1l' 3B IYl/ * a9 1TI 31Tff ——i q
ff9iTftl Shareholders/Proxy holders/Representatives are requested to produce this Attendance Slip-cum-entry Pass duly signed, for admission to the meeting hail. The Entry Pass portion will be handed back to the Shareholders/Proxy holders/ Representatives, who should retain it till the conclusion of the meeting. The admission may, however, be subject to further verification/checks, as may be deemed necessary. Under no circumstances, will any duplicate Attendance Slip-cum-Entry Pass be issued at the entrance to the meeting hall.
P.S. : No gifts/gift coupons will be distributed at the meeting. Please bring your copy of the enclosed Notice for the Meeting.
