keshav sahakari bank ltdkeshavbank.com/pdf/keshav-sehkari-agm-booklet-2018-19.pdf · 2019. 10....

123 o"kks± ls fujarj vkidh lsok esa vxzlj

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BOARD OF DIRECTORS

SHRI JAI PARKASH GULATICHAIRMAN

A-3, First Floor, Rajouri Gardan, New Delhi-110027Mob. : 9312262898

e-mail : [email protected]

SHRI MAHENDRA GUPTAVICE CHAIRMAN

F-270, New Rajinder Nagar, New Delhi-110060Mob. : 9868805957


SMT. KANCHAN BHATIADIRECTOR

B-63, Ist Floor, Ashok Vihar, Phase-1, New Delhi-110052

Mob. : 9953633005 e-mail : [email protected]

SHRI GURUCHARAN LAL BHATIADIRECTOR

10, Sehyog Apartment, Near M-2K, Pitampura, New Delhi-110034Mob. : 9971021292


SHRI SHYAM JAJUDIRECTOR

11-A, Ashoka Road, New Delhi-110001Mob. : 9811699789


SHRI BHARAT BHUSHAN ARYADIRECTOR

E-25, Prashant Vihar, Sector-14, Rohini, New Delhi-110085


SHRI VINEET BHATIADIRECTOR

H-38, Bali Nagar, New Delhi-110015Mob. : 9818500444


SMT. NIDHI AHUJADIRECTOR

3B/1, Ganga Ram Hospital Marg,Rajinder Nagar, New Delhi-110060

Mob. : 9811411338e-mail : [email protected]

SHRI PRAVEENN KAPOORDIRECTOR

10, Sukh Vihar, Delhi-110051


SHRI NEERAJ AARORADIRECTOR

105,Sunehari Bagh Apartment,Sec.-13, Rohini, New Delhi-110085


SHRI RAM BILAS GUPTRADIRECTOR

B-1/43A, Kiran Garden, Uttam Nagar,New Delhi-110085Mob. : 9971776991


2 23 o"kks± ls fujarj vkidh lsok esa vxzlj


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OUR AIM – YOUR PROSPERITY

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rd dh va'k/kkfjrk dj ldrk gSA

5- vkjf{kr dks"k ,oa fuf/;k¡ ¼Reserve and Other Reserve Funds½ bl o"kZ cSad ds vkjf{kr dks"k ,oa vU; vkjf{kr fuf/k;k¡ ` 595-99 yk[k gSA ;g dks"k ,oa fuf/k;k¡

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o"kZ 2018&19 esa gq, ykHk dks fuEu izdkj forfjr djus dk izLrko vkids lEeq[k vuqeksnukFkZ izLrqr gSA

PARTICULARS AMOUNT IN RS.

Gross Profit before Provisions & Taxes 54,01,359

Less Provision for Standard Assets & NPA 27,80,235

Current Tax 14,77,296

Deferred Tax -36,031

Net profit as per P & L Account 11,79,859

DISTRIBUTABLE PROFIT

Net profit as per P & L Account 11,79,859

Profit available for distribution for the year 2018-19 11,79,859

Profit brought forwarded of earlier year -

Total Distributable Profit 11,79,859

DISTRIBUTABLE PROFIT 11,79,859

STATUTORY RESERVES @ 25% OF PROFIT 2,94,965

BALANCE AVAILABLE 8,84,894

AMOUNT TRANSFERED FROM DIVIDEND EQUALISATION FUND 35,83,966

AMOUNT AVAILABLE FOR DISTRIBUTION 44,68,860

PROPOSED DIVIDEND @ 10% 41,11,786

BALANCE CARRIED OVER TO P&L ACCOUNT 3,57,074



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STATUTORY AUDITORS’ REPORT FOR THE YEAR ENDED 31ST MARCH, 2019(Under Section 31 of the Banking Regulation Act, 1949)

ToThe Members Keshav Sehkari Bank Ltd., New DelhiReport on the Financial StatementsOpinionWe have audited the accompanying financial statements of the Keshav Sehkari Bank Ltd, which comprise the Balance Sheet as at 31st March, 2019 and, Profit and Loss Account for the year then ended and a summary of significant accounting policies and other explanatory information incorporated in these financial statements of the Bank along with the branch audited by us for the period from 01st April, 2018 to 31st March, 2019.In our opinion and to the best of our information and according to the explanations given to us, the said accounts together with the notes thereon and our observations and comments given in the Audit Memorandum, give the information required by the Banking Regulation Act, 1949 as well as The Delhi State Co-operative Societies Act, 2003 and rules made there-un-der, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:(i) in the case of the Balance Sheet, of the state of affairs of the Bank as at 31st March, 2019 and(ii) in the case of the Profit and Loss Account of the profit for the year ended on that date;Basis for OpinionWe conducted our audit in accordance with the Standards on Auditing (SAs) issued by Institute of Chartered Accountants of India. 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 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 Banking Regulation Act, 1949, The Delhi Co-operative Societies Act, 2003 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.Information Other than the Financial Statements and Auditor's Report ThereonThe Banks’s Board of Directors are responsible for the preparation of the other information. The other information comprises the information included in the Details of Members including addition and deletion, details of records maintained, details of staff members and other details required to be filed with Registrar of Societies but does not include the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other informa-tion and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated. Based on the work we have performed, we conclude that no such information was available during the course of Audit and we have nothing to report on this regard.Management's Responsibility for the Financial StatementsManagement is responsible for the preparation of these financial statements in accordance with the Banking Regulation Act, 1949, The Delhi Co-operative Societies Act, 2003. This Responsibility 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 de-tecting 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 mis-statement, 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. Those Board of Directors are also responsible for overseeing the Bank’s financial reporting process.Auditor's ResponsibilityOur objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from ma-terial 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. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design

and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bank’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclo-sures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report.

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 significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.Report on Other Legal and Regulatory MattersThe Balance Sheet and the Profit and Loss Account have been drawn up in accordance with the provisions of Section 29 of the Banking Regulation Act, 1949 and The Delhi State Co-operative Societies Act, 2003 and the rules made there-under.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 purpose 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. (c) The returns received from the offices and branches of the Bank have been found adequate for the purposes of our

audit.(d) In our opinion, the Balance Sheet and the Profit and Loss Account comply with the Accounting Standards issued by

Institute of Chartered Accountants of India (ICAI) to the extent applicable. We further report that: (i) the Balance Sheet and the Profit and Loss Account dealt with by this report, are in agreement with the books of account and the returns .(ii) in our opinion, proper books of account as required by law have been kept by the Bank so far as appears from our ex-amination of those books.(iii) the reports on the accounts of the branches audited by us / branch auditors have been dealt with in preparing our report in the manner considered necessary by us.

For Lunawat & Co. Chartered AccountantsFRN. No. 000629NCA. Vikas YadavM. No. 511351PartnerPlace: New DelhiDated: 13.08.2019UDIN: 19511351AAAAFC4891



31 ekpZ 2019 dks lekIr o"kZ dk rqyu i=kParticulars Schedule No. 31 March, 2019 31 March, 2018

A iw¡th ,Oka nsunkfj;k¡CAPITAL AND LIABILITIES

1 iw¡thCapital

1 43,642,600 38,942,000

2 vkjf{kr dks"k ,oa vU; lqjf{kr fuf/k;kaReserves & Surplus

2 59,599,379 61,772,594

tekDeposits

3 730,115,216 749,946,8773

vfrns; vkjf{kr C;ktOverdue Interest Reserve as per contra

27,10,413 1,361,3464

5

6

vU; nsunkfj;k¡ ,oa izko/kkuOther Liabilities and ProvisionsLFkfxr dj izko/kkuDeferred Tax Liabilities

4 13,836,946

–

10,588,562

17,720

Total 849,904,554 862,629,099B iw¡th lEifÙk ,oa ifjlEifr;ka

ASSETS1 uxn jk'kh

Cash and Balances with Reserve Bank of India6,137,993 4,394,180

2 caSd 'ks"kBalances with Banks and Money at call and short

5 221,875,574 349,348,636

notice3 fuos'k

Investments6 187,176,602 195,926,602

4 _.k ,oae~ vfxzeAdvances

7 409,591,531 286,186,483

5 vpy lEifÙk ¼ewY; gzkl ?kVkdj½Fixed Assets (Less Depreciation)

8 6,468,595 7,234,598

6 vU; ifjlEifÙ;k¡ Other Assets

9 186,35,948 19,538,600

7 Deferred Tax Assets 18,311 – Total 849,904,554 862,629,099Contingent Liabilities 4,672,679 1,122,754

SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS INTEGRAL & FORMING PART OF FINANCIAL STATEMENTS-NOTE NO. 15

As per Our Report of Even Date Annexed FOR KESHAV SEHKARI BANK LTD.

For LUNAWAT & CO.CHARTERED ACCOUNTANTSFirm Regn. No. 000629N JAI PRAKASH GULATI MAHENDRA GUPTA (Chairman) (Vice Chairman)CA Vikas Yadav(Partner)M.No. 511351 VINEET BHATIA KAMLESH KUMAR SHARMAPlace: New Delhi (Director) (C.E.O.)Date: 13.08.2019



Particulars SCHEDULE No. 31 March, 2019 31 March, 2018I. vk; (Income)

vftZr vk; (Interest earned ) 10 69,140,423 61,147,360

vU; vk; (Other Income) 11 2,100,900 1,567,414Total 71,241,323 62,714,774

II. O;; (Expenditure)vif;r C;kt (Interest Expended) 12 44,804,966 42,731,271

ifjpkyu O;; (Operating expenses) 13 2,134,999 17,809,519

izko/ku rFkk vkdfLedrk (Provisions and contingencies) 14 4,221,500 1,577,210Total 70,061,464 62,118,000

III. dj ls igys ykHk@gkfu (Profit/ Loss) Net Profit / loss (-) for the year 11,79,859 596,774Profit/ Loss (-) brought forward 3,221,223 7,144,939Total 44,01,082 7,741,712

IV. fofu;kstu (Appropriations) lkafof/d vkjf{kr fuf/;ksa dk varj.k ykHkka'k Transfer to statutory reserve (Shortfall of 2015-16)

149,194 876,573

ykHkka'k Dividend proposed and paid (2015-16) 34,31,863 3,643,916Excess Provision (net) reversed for Dividend & others 359,834 -'ks"k dks vkxs rqyu&i=k esa ys tk;k x;k Balance carried over to Balance Sheet

11,79,859 3,221,223

Total 5,120,750 7,741,712Earnings per Share 2.70 1.74

31 ekpZ 2019 dks lekIr o"kZ dk ykHk gkfu [kkrk

SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS INTEGRAL & FORMING PART OF FINANCIAL STATEMENTS-NOTE NO. 15

As per Our Report of Even Date Annexed FOR KESHAV SEHKARI BANK LTD.

For LUNAWAT & CO.CHARTERED ACCOUNTANTSFirm Regn. No. 000629N JAI PRAKASH GULATI MAHENDRA GUPTA (Chairman) (Vice Chairman)CA Vikas Yadav(Partner)M.No. 511351 VINEET BHATIA KAMLESH KUMAR SHARMAPlace: New Delhi (Director) (C.E.O.)Date: 13.08.2019



SCHEDULES ANNEXED TO BALANCE SHEET AND PROFIT & LOSS ACCOUNTParticulars As at 31 March, 2019 (Rs.) As at 31 March, 2018 (Rs.)

SCHEDULE 1 : CAPITALAuthorised Share Capital1000000 Shares of Rs 100 Each 100,000,000 50,000,000Subscribed & Issued Share Capital4,36,426 (PY 3,89,420) Shares of Rs 100 Each 43,642,600 38,942,000

TOTAL 43,642,600 38,942,000SCHEDULE 2 : RESERVE FUND AND OTHER RESERVES

I. Statutory ReserveOpening Balances 25,405,355 24,528,782Additions during the year 149,194 876,573Deductions during the year – –

25,554,549 25,405,355II. Revenue and other Reserves(i) General Reserve

Opening Balances 1,182,989 1,568,813Additions during the year 183,798 –Deductions during the year – 385,824

1,366,787 1,182,989(ii) Building Fund

Opening Balances 25,000,000 25,000,000Additions during the year – –Deductions during the year – –

25,000,000 25,000,000(iii) Dividend Equalisation Fund

Opening Balances 3,943,800 3,947,400Additions during the year – –Deductions during the year 359,834 3,600

3,583,966 3,943,800(iv) Bad & Doubtful Debts Reserve

Opening Balances 2,544,374 2,595,858Additions during the year – –Deductions during the year (Bad debts written off) 1,156 51,484

2,543,218 2,544,374(v) Admission Fee Reserve

Opening Balances – 343,890Additions during the year 33695 63,093Deductions during the year 33695 406,983

– –(vi) Charity Fund

Opening Balances 371,000 371,000Additions during the year – –Deductions during the year – –

371,000 371,000(vii) Dividend (Forefeighted)

Opening Balances 103,853 59,741Additions during the year 79,945 44,112Transfer to General Reserve 183,798 –

– 103,853

Total (I + II) 584,119,520 58,551,371III. Balance in Profit and loss account 1,179,859 3,221,223

Grand Total 59,599,379 61,772,594



SCHEDULE 3 : DEPOSITS AND OTHER ACCOUNTS As at 31 March, 2019 (Rs.) As at 31 March, 2018 (Rs.) I. Demand Deposits 43,537,198 38,521,750II. Saving Bank Deposits 193,482,004 217,888,062III. Term Deposits 426,425,998 433,156,501IV. Compulsory Deposit 66,670,016 60,380,564

TOTAL 730,115,216 749,946,877SCHEDULE 4: OTHER LIABILITIES AND PROVISIONSOther Liabilities

(i) Dividend Payable to Members 196,567 228,905(ii) Sundry Account 153,476 143,268(iii) Payorder 2,178,188 3,322,291(iv) Expenses Payable 244,589 287,462(v) TDS Payable 520,019 564,756(vi) Inoperative Payorder 780,754 364,196(vii) Depositor Education and Awareness Fund (DEAF) A/c 1,795,014 1,533,174(viii) EPFO Payable 14,815(ix) Interest Suspense on overdraft against deposists 70,041

Provisions(x) Provisions for Standard Assets 990,727 689,447(xi) Provisions for NPA's 5,247,612 2,768,657(xii) Provision for Income Tax 1,730,000 601,550

TOTAL 13,836,946 10,588,562

SCHEDULE 5: BALANCES WITH BANKS AND MONEY AT CALL & SHORT NOTICEParticulars As at 31 March, 2019 (Rs.) As at 31 March, 2018 (Rs.)

I. In IndiaBalances with banks(a) In Current accounts 38,375,574 38,000,332

(i) Delhi State Co-operative Bank 15,729,696 8,874,018(ii) HDFC Bank 302,998 64,838(iii) Bank of Maharashtra 1,149,751 779,631(iv) Bank of Baroda 1,282,472 966,050(v) Punjab National Bank ( Gurudwara Road) 6,497,291 8,082,483(vi) Punjab National Bank ( Patparganj Road) 3,004,582 4,565,371(vii) State Bank of India 862,703 1,161,161(viii) IDBI 9,546,081 13,506,780

(b) In Fixed deposits 156,000,000 311,348,305(i) Delhi State Co-operative Bank 130000000 237,500,000(ii) IDBI Bank Ltd v 7,500,000(iii) HDFC 5,000,000 –(iv) Punjab National Bank – 5,000,000(v) State Bank of India 21,000,000 29,700,000(vi) Bank of Baroda – 31,648,304

(c) In Money at Call Short Notice with SBI 27,500,000 –State Bank of India (DH.FI) 27,500,000 –

TOTAL (a+b+c) 221,875,574 349,348,637



SCHEDULE 6 : INVESTMENTSParticulars As at 31 March, 2019 (Rs.) As at 31 March, 2018 (Rs.)

I. Investments in India in(i) Government securities

Face Value - 17,35,40,000 174,676,502 185,926,502(ii) Other investments (Deposits with PNB Housing Financing Ltd.) 12,500,000 10,000,000(iii) Shares (In Delhi co-op union society Ltd) 100 100

TOTAL 187,176,602 195,926,602SCHEDULE 7: ADVANCES

A. (i) Cash credits, overdrafts and loans repayable on demand 90,366,574 77,989,276(i) Term Loans 99,316,026 60,615,861

B. (i) Secured by Tangible assets 192,134,011 122,976,899 (ii) Unsecured 24,561,726 22,792,252

C. Advances in India(i) Others against (a) Deposits 2,961,739 1,589,101 (b) NSC/KVP 207,849 168,336 (C) LIC 43,606 54,758

TOTAL 409,591,531 286,186,483

SCHEDULE - 8

PARTICULARS GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK

Name of the Asset

Rate As at 01.04.2018

Addition Duringg The Year

Sold/ Written Off / Trans-

fered During The Year

As At 31.03.2019

As At 01.04.2018

Depreciation For The Year

As At 31.03.2019

Closing Balance As On

31.03.2019

Opening Balance As On

01.04.2018 Upto 30.09.2018

After 30.09.2018

Furnitire & Fixture

10% 6,796,500 383,799 - - 7,180,299 2,601,548 458,127 3,059,675 4,120,624 4,194,952

Plant & Machin-ery

15% 2,546,550 147,637 - - 2,694,187 1,350,971 201,482 1,552,453 1,141,733 1,195,580

Electronic Installa-tion

10% 1,029,157 1,750 1,744 - 1,032,651 202,880 82,890 285,770 746,881 826,277

Computer 33% 3,785,441 16,442 0 16 3,801,867 2,767,650 574,858 3,342,508 459,359 1,017,791

TOTAL 14,157,648 549,628 1,744 16 14,709,004 6,923,049 1,317,358 8,240,407 6,468,595 7,234,598

Previous Year

8,296,484 2,790,449 3,145,060 74,344 14,157,648 5,654,285 1,268,764 6,923,049 7,234,597 2,642,198



SCHEDULE 9 : OTHER ASSETS

Particulars As at 31 March, 2019 (Rs.) As at 31 March, 2018 (Rs.)

I. Inter - office adjustments (net)

II. interest Accrued

(i) Fixed deposits 3,356,599 6,417,524

(ii) Govt. securities 2,758,333 2,918,596

(iii) NPA A/C s 2,720,984 1,934,163

III. Tax Paid in advance/tax deducted at source 3,029,166 1,353,096

IV. Stationery & stamps 62,378 61,240

V. Others

(I) Security Deposit

(a) DVB/NDPL 4,800 4,800

(b) LPG 1,900 1,900

(c) Telephone 3,000 3,000

(d) Rent 645,000 645,000

(ii) Festival Advances to Staff 177,000 141,000

(iii) Prepaid Expenses 106,188 67,676

(iv) Refund of Income Tax (F.Y 10-11) 252,125 252,125

(v) Refund of Income Tax (F.Y 13-14) 172,009 172,009

(vi) Refund of Income Tax (F.Y 14-15) 180,260 180,260

(vii) Refund of Income Tax (F.Y. 16-17) – 177,990

(viii) Deposit with RBI - DEAF A/c 1,795,015 1,533,174

(ix) Unamortised fund of Govt securities 2,773,172 3,193,381

(x) Input

(a) SGST 207,559 174,984

(b) CGST 207,760 175,068

(c) IGST 182,701 129,615

(xi) suspense account – 2,000

TOTAL 18,635,948 19,538,600



Particulars As at 31 March, 2019 (Rs.) As at 31 March, 2018 (Rs.)

SCHEDULE 10 : INTEREST EARNED

I. Interest on advances 35,574,779 22,833,728

II. interest on investments 14,052,819 13,175,458

III. interest on FDs 19,170,501 24,893,806

IV. Interest on Money at call and short notice 340,964 162,232

VI. Interest on Income Tax Refund 1,360 82,136

Total 69,140,423 61,147,360

SCHEDULE 11 : OTHER INCOME

I. Commission 98,621 31,171

II. Profit on sale of Govt. securities 415,000 -

III. Misc income 1,067,884 813,868

IV. Locker rent 485,700 315,392

V. Admission fee Reserve 33,695 406,983

Total 2,100,900 1,567,414

SCHEDULE 12 : INTEREST EXPENDED

I. Interest on deposits 44,804,966 42,728,969

II. Interest on borrowings - 2,302

Total 44,804,966 42,731,271

SCHEDULE 13 : OPERATING EXPENSES

I. Payments to and provisions for employees 9,480,425 7,422,109

II. Rent, taxes and lighting 6,630,308 5,363,420

III. Printing and stationery 220,937 292,849

IV. Advertisement 54,259 75,000

V. Depreciation on bank's property 1,317,358 1,268,764

VI. Auditor's fees and expenses 304,934 227,707

VII. Law charges 44,490 -

VIII. Postage, telegrams, telephones etc 198,810 140,977

IX. Repairs and maintenance 6,890 3,648

X. Insurance 52,017 91,991

XI. Other expenses 2,724,571 2,923,054

TOTAL 21,034,999 17,809,519



SCHEDULE 14 : PROVISIONS AND CONTIGENCIES As at 31 March, 2019 (Rs.) As at 31 March, 2018 (Rs.)

i. Provision for Non performing assets 2,478,955 965,843

ii. Contingent provision for Standard Assets 301,280 10,131

iii. Provision for Tax

Current tax 1,477,296 601,550

Deferred tax assets(Reversal) (36,031) (314)

iv. Short Provisions Income tax & Others pertaining to earlier years

TOTAL 4,221,500 1,577,210

Annexure 1: OTHER EXPENSES As at 31 March, 2019 (Rs.) As at 31 March, 2018 (Rs.)

I. Conveyance charges 249,835 196,868

II. Entertainment Expenses 60,545 83,290

III. General Expenses 116,282 366,647

IV. Clearing Processing 309,000 154,272

V Annual General Meeting Expenses 388,683 371,870

VI. Library Account 4,350 3,725

VII. Subscription A/c 57,400 46,900

VIII. Office Maintenance 116,803 96,869

IX. Security Services 89,670

X. Staff Welfare 218,350 181,496

XI. Festival Expenses 404,788 316,956

XII. Drinking Water Expenses 41,410 31,395

XIII, News Paper & Magazine 1,378 1,720

XIV. Amortisation of Investments 420,209 430,285

XV. Repair & Renovation 285,538 94,780

XVI. Business Promotion Expenses - 175,243

XVII. Election Expenses - 174,774

XVIII. Loss on Sale of Fixed Assets - 56,294

XIX. Education Funds 50,000 50,000

TOTAL 2,724,571 2,923,054



Disclosure as per RBI Circular No. UBD.CO. BPD. (PCB) CIR. NO. 52/12.05.001/2013-14 Dated 25.03.2014

31.03.2019 31.03.2018

A. Capital to Risk Asset Ratio

(i) Capital funds 100,327,761 97,695,367

(ii) Risk weighted assets 463,816,868 333,135,188

(iii) CRAR 22% 29%

B. Investments

Government/ Approved Securities (SLR)

Face value 173,540,000 187,040,000

Book value 174,676,502 185,926,502

Market value 174,676,502 185,926,502

C. Advances against

(i) Housing 158,835,669 94,519,875

D. NPAs

(i) Gross NPAs

Opening 10,407,876 7,169,797

Additions 6,993,987 4,063,457

Reductions 4,101,088 825,378

Closing 13,300,775 10,407,876

E. Movement in Provisions

Towards NPAs

Opening 2,768,657 1,802,814

Add: Additions 2,478,954 965,843

Less: Reductions - -

Closing 5,247,611 2,768,657

Towards Standard assets

Opening 689,447 679,315

Add: Additions 301,280 10,132

Less: Reductions - -

Closing 990,727 689,447



INTEREST RATES & SERVICE CHARGESDEPOSIT RATES

1 SAVING BANK 4.00%

2 COMPULSORY DEPOSIT 7.50%

3 FIXED DEPOST

a) 91 DAYS TO BELOW 1 YEAR 6.75

b) 1 YEAR TO BELOW 3 YEARS 7.00

c) 2 YEARS TO BELOW 3 YEARS 7.25

d) 3 YEARS TO 5 YEARS 7.00

e) SENIOR CITIZEN 0.50% EXTRA

CREDIT RATES

1 HOUSING LOAN 8.95%

2 (a) VEHICLE LOAN - NEW 9.25%

(b) VEHICLE LOAN - OLD 10.25%

3 COMMERCIAL VEHICLE LOAN 12.00%

4 UNSECURED LOAN 16.00%

5 BUSNIESS LOAN: CC,OD, TL

a) BELOW 50 LAKHS 12.00%

b) 50 LAKHS TO BELOW 1 CRORE 11.75%

c) 1 CRORE & ABOVE 11.50%

6 a) LOAN AGAINST FDRs/NSC/LIC/KVP 1.00% ABOVE FDR RATE

b) LOAN AGAINST FDR (THIRD PARTY) 2.00% ABOVE FDR RATE

c) LOAN AGAINST LIC/KVP/NSC 12.50%

d) AGAINST LIC/KVP/NSC (THIRD PARTY) 13.50%

LOCKER RENT YEARLY

LOCKER SIZE YEARLY RENT

1 SMALL CATEGORY - A (AVAILABLE AT ALL BRANCHES) 1,200

SMALL CATEGORY - B (AVAILABLE AT ROHINI & DWARKA BRANCHES) 2,400

2 MEDIUM 3,000

3 LARGE 4,000

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