annual report 0809

dm{f©H$ [anmoQ>©> Annual Report 2008 - 09

5

Head Offi ce : 66, Rajaji Salai, Chennai - 600 001

NOTICENOTICE is hereby given that the Third Annual General Meeting of the Shareholders of Indian Bank will be held on Monday, the June 29, 2009 at 10.00 a.m. at IMAGE, MRC Nagar, Raja Annamalaipuram, Chennai - 600 028 to transact the following business:

1. To discuss, approve and adopt the Balance Sheet of the Bank as at March 31, 2009 and the Profi t and Loss Account for the year ended on that date, 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.

2. To declare dividends for the year ended March 31, 2009.

Place : Chennai M.S. Sundara Rajan

Date : May 29, 2009 Chairman & Managing Director

NOTES1. APPOINTMENT OF PROXY:

A SHAREHOLDER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF / HERSELF AND SUCH PROXY NEED NOT BE A SHAREHOLDER OF THE BANK.

The Proxy Form, in order to be effective, must be received at the Head Offi ce of the Bank not less than four days before the date of the Annual General Meeting i.e. before the closing hours of the Bank on Wednesday, the June 24, 2009.on Wednesday, the June 24, 2009.

2. APPOINTMENT OF AN AUTHORIZED REPRESENTATIVE: No person shall be entitled to attend or vote at the Annual General Meeting as the duly authorized representative of

any body corporate which is a shareholder of the Bank, unless a copy of the resolution appointing him / her as a duly authorized representative, certifi ed to be a true copy by the Chairman of the meeting at which it was passed, has been deposited at the Head Offi ce of the Bank with the Company Secretary, Indian Bank, Investor Services Cell, No.66, Rajaji Salai, 3rd Floor, Chennai - 600 001, not less than four days before the date of the Annual General Meeting i.e. on or before the closing hours of the Bank on Wednesday, the June 24, 2009.on Wednesday, the June 24, 2009he June 24, 2009.

3. 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 affi x their signatures at the space provided therein and surrender the Attendance Slip-cum-Entry Pass at the venue. Proxy / Authorized Representative of a shareholder should state on the Attendance Slip-cum-Entry Pass as “Proxy” or “Authorized Representative” as the case may be.

4. BOOK CLOSURE: The Register of Shareholders and Share Transfer Register of the Bank will remain closed from Saturday, the

June 20, 2009 to Wednesday, the June 24, 2009 (both days inclusive) for the purpose of Annual General Meeting and for ascertaining the entitlement of shareholders for payment of dividend.

5. PAYMENT OF DIVIDEND: Payment of dividend to shareholders as approved by the shareholders shall be paid to those shareholders whose

names appear on the Register of Shareholders of the Bank as on Friday, the June 19, 2009 and in respect of shareholders holding their shares in dematerialized form as per the list provided to the Bank by the Depositories as on Friday, the June 19, 2009. and the dividend warrants shall be mailed / credited within 30 days from the date of Annual General Meeting.

6

6. A§§VaU …

~¢H$ Ho$ eoàm| Ho$ A§VaU Ho$ {bE ZrMo n¡am (8) _| {XE JE nVo na foà A§VaU EO|Q> H$mo A§VaU {dboIm| Ho$ gmW eoà n«_mU nÌ AJ«o{fV {H$ò OmZo Mm{hE&

5. bm^m§e dma§Q>/amîQ´>r` BboŠQ´>m°{ZH$ {Z{Y A§VaU (EZB©Eµ\$Q>r) / BboŠQ´>m°{ZH$ g_memoYZ godm (B©grEg) _| ~¢H$ ImVo Ho$ {ddaU …

~¢H$, Ohm§ H$ht g§^d hmo, amï´>r` BboŠQ´>m°{ZH$ {Z{Y A§VaU (EZB©Eµ\$Q>r) / BboŠQ´>m°{ZH$ g_memoYZ godm (B©grEg) gw{dYm Ho$ µO[aE eoàYmaH$m| Ho$ ~¢H$ ImVo _| bm^m§e

am{f`m§ O_m H$aZo H$m n«`mg H$a ahm h¡& eoàYmaH$ Omo AnZo eoàm| H$mo BboŠQ´>m°{ZH$ ê$n _| aIo hþE h¢¢, go BgHo$ Ûmam AZwamoY h¡ {H$ do {S>nm°{OQ>ar nm{Q©>{gn|Q>m| H$mo AnZo nVo _o§

Am¡a ~¢H$ A{YXoe {ddaUm| _| hþE AÚVZ n[adV©Zm| (Z`m ImVm g§»`m, `{X hmo, ~¢H$ B©grEg Am¡a AmB©Eµ\$Eg H$moS> g§»`mE§§) H$s OmZH$mar Vwa§V X| Vm{H$ EZB©Eµ\$Q>r/B©grEg

Ûmam bm^m§f dma§Q>m| H$s VËH$mb O_m gw{ZpîMV H$s Om gHo$& Eogr EZB©Eµ\$Q>r/B©grEg gw{dYm Ho$ A^md _| Am¡a § Hw$N> eoàYmaH$m| Ûmam Eogr gw{dYm H$m n«`moJ Z H$aZo H$s Xem

_|, ~¢H$ AnZo nmg CnbãY ~¢H$ ImVo {ddaU bm^m§e dma§Q>m| _| _w{X«V H$aoJm&

Eogo eoàYmaH$ Omo AnZo foà ^m¡{VH$ ê$n _| aIo hþE h¢, do, AnZo [aH$mS>m©| H$mo AÚVZ ~ZmZo Ho$ {bE ~¢H$ A{YXoe {ddaU, ~¢H$ Ho$ {ZdoeH$ godm H$j H$mo `m ZrMo n¡am (8)

_| {XE JE nVo na ~¢H$ Ho$ foà A§VaU EO|Q> H$mo H$mo `m Cggo nyd© ôO gH$Vo h¢&

Eogo eoàYmaH$ Omo AnZo eoàm| H$mo S>r_¡Q> ê$n _| aIo hþE h¢,¢ do Bg g§~§Y _| Amdí`H$ H$ma©dmB© hoVw AnZo {S>nm°{OQ>ar nm{Q©>{gn|Q> _mÌ go g§nH©$ H$a gH$Vo h¢&

B©grEg A{YXoe /~¢H$ A{YXoe H$m EH$ n«mê$n g§b¾ h¡&

8. nVo _| n[adV©Z…

^m¡{VH$ ê$n _| AnZo eoà aIZodmbo eoàYmaH$m| go AZwamoY h¡ {H$ do AnZo n§OrH¥$V nVo _| n[adV©Z, `{X H$moB© hm,o Vmo ~¢H$ Ho$ foà A§VaU EO|Q> H$mo {ZåZ nVo na gy{MV

H$a|…

_ogg© Ho${_`mo H$mnm}aoQ> g{d©goµO {b.

(`y{ZQ> … B§{S>`Z ~¢H$ |)

gw~«_{U`Z {~pëS§>J, Z§.1, Šb~ hmCg amoS>, MoÝZ¡ - 500 002

S>r_oQ>ràbmBµÁS> ê$n _| eoà aIZodmbo eoàYmaH$m| go AZwamoY h¡ {H$ do AnZo n§OrH¥$V nVo _| Am¡a EZB©Eµ\$Q>r A{YXof {ddaU _| n[adV©Z, `{X H$moB© hmo§, Vmo AnZo {S>nm{OQ>ar

nm{Q©>{gn|Q> (Q>m|) _mÌ H$mo gy{MV H$a|&

9. eoàYmaH$m| go AZwamoY

H$) eoàYmaH$ / n«{V{Z{YËdYmaH$ / n«m{YH¥$V n«{V{Z{Y`m| go AZwamoY h¡ {H$ do ~¡R>H$ _| AmVo g_` dm{f©H$ [anmoQ©> H$s AnZr n«{V`m§ bo AmE±& H¥¥$n`m ZmoQ> H$a| {H$ dm{f©H$

[anmoQ©> H$s n«{V`m§ dm{f©H$ gm_mÝ` ~¡R>H$ Ho$ ñWmZ na {dV[aV Zht H$s¨ OmE§Jr&

I) eoàYmaH$ H¥¥$n`m ZmoQ> H$a| {H$ ~¡R>H$ Ho$ ñWmZ na H$moB© ^|Q>/Hy$nZ {dV[aV Zht {H$E§ OmE§Jo&

10) Omo eoàYmaH$ boIm| na H$moB© gyMZm nmZm MmhVo h¢ CZg| AZwamoY h¡ {H$ do ~¢H$ Ho$ n«YmZ H$m`m©b` _| {ZdoeH$ godm H$j H$mo {bI|, Omo dm{f©H$ gm_mÝ` ~¡R>H$ H$s VmarI go

H$_ go H$_ EH$ gámh nhbo ~¢H$ H$mo n«má hmo gHo$, Vm{H$ n«~§YZ, OmZH$mar H$mo V¡`ma aI gHo$& eoàYmaH$ `h ZmoQ> H$a| {H$ gyMZm/ñnï>rH$aU {g\$µ© dm{f©H$ gm_mÝ` ~¡R>H$ _|

hr {Xò OmE§Jo&


7

6. TRANSFERS:

Share certifi cates along with transfer deeds should be forwarded to the Share Transfer Agent at the address given in Para (8) below for the transfer of shares of the Bank.

7. DETAILS OF BANK ACCOUNT IN DIVIDEND WARRANTS / NATIONAL ELECTRONIC FUNDS TRANSFER FACILITY (NEFT) / ELECTRONIC CLEARING SERVICE FACILITY (ECS):

The Bank is taking efforts to credit the dividend amounts to the bank accounts of the shareholders through National Electronic Funds Transfer (NEFT) / Electronic Clearing Service (ECS) facility, wherever possible. The shareholders, who are holding the shares in electronic form, are, therefore, requested to inform their Depository Participants about their latest change of address and bank mandate details (including new account number, if any, bank’s ECS and IFS Code numbers) immediately to ensure prompt crediting of the dividend amounts through NEFT / ECS. In the absence of such NEFT / ECS facility and in the event of some shareholders not availing such facility, the Bank shall print the Bank Account details, as available with it, in the dividend warrants.

The Shareholders who are holding their shares in physical form may send their Bank Mandate details to the Investor Services Cell of the Bank or to the Share Transfer Agent of the Bank at the address given in Para (8) below on or before Wednesday, the June 24, 2009, for updating of the records.

The shareholders who are holding the shares in demat form may approach their DEPOSITORY PARTICIPANTS ONLY for necessary action in this connection.

A proforma of ECS Mandate / Bank Mandate is enclosed.

8. CHANGE OF ADDRESS:

Shareholders holding shares in physical form are requested to intimate changes, if any, in their registered address, to the Share Transfer Agent of the Bank at the following address:

M/s Cameo Corporate Services Limited

(Unit : Indian Bank)

Subramanian Building, No. 1, Club House Road, Chennai - 600 002.

Shareholders holding shares in dematerialized form are requested to intimate changes, if any, in their registered address and NEFT / ECS mandate details only to their Depository Participant(s).

9. REQUEST TO SHAREHOLDERS

a) Shareholders / Proxy holders / Authorized Representatives are requested to bring their copies of Annual Report to the Meeting. Please note that copies of the Annual Report will not be distributed at the venue of the Annual General Meeting.

b) Shareholders may kindly note that no gifts / coupons will be distributed at the venue of the meeting.

10. Shareholders who wish to seek any information on the accounts are kindly requested to write to the Investor Services Cell of the Bank at its Head Offi ce, which should reach the Bank atleast one week before the date of the Annual General Meeting so as to enable the Management to keep the information ready. Shareholders may note that information / clarifi cation shall be provided only at the Annual General Meeting.

8

gXñ`m| H$mo

AmnHo$ {ZXoeH$m| H$mo 31 _mM© 2009 H$mo g_má df© Ho$ boIm nar{jV ImVm| Ho$ {ddaU, bm^ Ed§ hm{Z boIm Am¡a ZH$Xr n«dmh {ddaU Ho$ gmW ~¢H$ H$s dm{f©H$ [anmoQ©> H$mo n«ñVwV H$aZo _| AË`ÝV hf© hmo ahm h¡&

{dËVr` _w»` bjU

2007-08 Ho$ Xm¡amZ é 1659.30 H$amoS H$s VwbZm _| n[aMmbZJV bm^ Ho$ é 2228.83 H$amoS> VH$ ~‹T> OmZo Ho$ gmW ~¢H$ Zo 34.32 n«{VeV H$s d¥{Õ XO© H$aVo hþE AnZo {dO` H$m {H$ñgm Omar aIm&

• 2007-08 H$mo é 1008.74 H$amoS> H$s VwbZm _| 2008-09 Ho$ {bE {Zdb bm^ é 1245.32 H$amoS> ahm Omo {H$ 23.45n«{VeV H$s d¥{Õ {XImVm h¡&

• {Zdb ã`mO _m{O©Z 3.45 n«{VeV go ~T>H$a 3.54 n«{VeV ahm

• 2007-08 Ho$ 1.62 n«{VeV go Am¡gV AmpñV`m| na n«{V\$b ~T>H$a 1.64n«{VeV ahm &

• _mM© 2008 H$mo 12.74 n«{VeV H$s VwbZm _| ny±Or n`m©áVm AZwnmV 13.27n«{VeV ahm& ~¢H$ ~ogb II H$m AZwnmbZ H$aVm h¡&

• 2007-08 Ho$ {bE 24.51 n«{VeV Ho$ {déÕ 2008-09 Ho$ {bE {Zdb g§npËV na n«{Vbm^ 23.35 n«{VeV ahm&

• _mM© 09 H$mo n«{V eoà AO©Z é 27.96 ahm VWm n«{V eoà H$m ~hr _yë` é 127.52 ahm&

• ~¢H$ H$m gmd©^m¡{_H$ ì`mnma é 1,24,413 H$amo‹S> ahm Omo{H$ 22.85 n«{VeV H$s d¥{Õ Xem©Vm h¡&

• Hw$b O_mAm| _| é 11,536 H$amoS> H$s d¥{Õ go `h é 72.582 H$amoS> ahm Omo{H$ df© 2008-09 Ho$ {bE 18.90 n«{VeV H$s d¥{Õ Xem©Vm h¡&

• gH$b A{J«_ _| 31.03.2009 H$mo é 11,603 H$amo‹S> (28.84n«{VeV) H$s d¥{Õ go `h é 51,831 H$amo‹S> ahm& g_J« F$U O_m AZwnmV 71.41n«{VeVahm&

• n«mW{_H$Vm joÌ A{J«_m| _| é 3,297 H$amoS>(21.79 n«{VeV) H$s d¥{Õ go dh é 18,426 H$amoS> ahm&

• H¥${f A{J«_ _o§ é 1,544 H$amoS> (24.53n«{VeV) H$s d¥{Õ go `h é 7,838H$amo‹S> ahm Am¡a `h g_m`mo{OV {Zdb ~¢H F$U H$m 20.51 n«{VeV ahm&

• df© 2008-09 Ho$ Xm¡amZ EZnrE H$s Hw$b dgybr (olwyk/khu [kkrksa H$mo em{_b H$aVo hþE) é 457.10 H$amo‹S> ahm&

• _mM© 2008 H$mo 0.89 n«{VeV H$s VwbZm _| gH$b EZnrE 1.21 n«{VeV ahm VWm {Zdb EZnrE _mM© 2008 H$mo 0.24 n«{VeV H$s VwbZm _| 0.18 n«{VeV ahm&

• {dËVr` g_mdoe… df© 2008-09 Ho$ Xm¡amZ Bg moOZm Ho$ AÝVJ©V 17.04bmIImVo Imobo Jò {Og_| go 52,545 ImVm| H$mo é 10.91 H$amoS> H$m AmodaS´>m\²$Q> n«XmZ {H$`m J`m&

• 31.03.2009 H$mo ^maV _| ~¢H$ Ho$ Hw$b emImV§Ì H$s g§»`m 1642 ahr VWm g^r emImAm| H$mo gr~rEg Ho$ AÝXa H$da {H$`m J`m h¡&

• EQ>rE_m| H$s Hw$b g§»`m 755 VH$ ~T> J`r {Og_| 205 Amµ\$ gmBQ> EQ>rE_ em{_b h¢ VWm eoà {H$ò JE ZoQ>dH©$ _| J«mhH$ 32000 EQ>rE_m| Ho$ O[aò AnZo ImVo VH$ nhþ±M aI gH$Vo h¢&

Am` Am¡a ì``

• ã`mO Am` _| é 1,617.40 H$amo‹S> `m 31.03 n«{VeV H$s gwX¥‹T> d¥{Õ go df© Ho$ Xm¡amZ ~¢H$ H$s Hw$b Am` é 7,865.77 H$amo‹S> VH$ ~‹T> J`r& {Zdb ã`mO Am` _| é 554.62 H$amo‹S> (27.00 n«{VeV) H$s d¥{Õ hþB©&

• AÝ` Am` é 1,035.44 H$amo‹S> Wr Omo{H$ 2.96 n«{VeV H$s d¥{Õ Xem©Vr h¡&

• ì`` Ho$ g§~§Y _| ~¢H$ H$m ã`mO ì`` é.4,221.81 H$amoS> ahm Omo{H$ é.1,062.70 H$amo‹S> `m 33.64 n«{VeV H$s d¥{Õ ahr&

• df© 2008-09 Ho$ {bE Hw$b n[aMmbZ ì`` é 1415.13 H$amo‹S> ahm, Omo{H$ df© 2007-08 _| aho é 1400.29 H$amo‹S> Ho$ ñVa H$s VwbZm _| é 14.84H$amo‹S> , 1.06 n«{VeV H$s d¥{Õ Xem©Vm h¡&

2008-09 H$s Ad{Y Ho$ {bE Am` Ed§ ì`` ZrMo n«ñVwV h¢…

(énE H$amo‹S>m| _|)

{ddaU 2007-08 2008-09 nyU© d¥{Õ %d¥{Õ

Hw$b ã`mO Am` 5212.97 6830.33 1617.40 31.03

Hw$b ã`mO ì`` 3159.07 4221.81 1062.70 33.64

{Zdb ã`mO Am` 2053.90 2608.52 554.62 27.00

{Zdoe H$s {~H«$s na bm^

179.01 194.77 15.76 8.80

{Zdb n[aMmbZJV ì``

3059.59 3643.96 584.37 19.10

n[aMmbZJV ì`` 1400.29 1415.13 14.84 1.06

n[aMmbZJV bm^ 1659.30 2228.83 569.53 34.32

n«mdYmZ Ed§

AmH$pñ_H$ am{e`m§

{Og_| n«{V y{V`m|

H$mo EMQ>rE_ g§dJ© _|

A§V[aV H$aZo Ho$ H$maU

hmoZodmbo _yë`h«mg

em{_b h¡…

650.56 983.51 332.95 51.18

{Zdb bm^ 1008.74 1245.32 236.58 23.45

{ZXoeH$m| H$s [anmoQ©> 2008-09


9

DIRECTORS’ REPORT 2008-09

To

The Members,

Your Directors have great pleasure in presenting the Bank’s Annual Report along with the Audited Statement of Accounts and the Cash fl ow statement for the year ended 31st March 2009.

FINANCIAL HIGHLIGHTSThe Bank took forward its growth story with Operating profi t increasing to Rs.2,228.83 crore as against Rs.1,659.30 crore for 2007-08, registering a growth of 34.32%.

• Net profi t for 2008-09 was at Rs.1,245.32 crore as compared to Rs.1,008.74 crore for 2007-08, showing a growth of 23.45% in the current year.

• Net Interest Margin improved to 3.54% from 3.45%.

• Return on average assets was at 1.62% and 1.64% for 2007-08.

• Capital Adequacy Ratio stood at 13.27% as against 12.74% as of March 2008. The Bank is Basel II compliant.

• Return on Net worth for 2008-09 was at 23.35% as against 24.51% for 2007-08.

• Earnings per share as of March 2009 was Rs.27.96 and Book value per share was Rs.127.52 during the current year.

• Global Business of the Bank stood at Rs.1,24,413 crore registering a growth of 22.85%.

• Total Deposits grew by Rs.11,536 crore to Rs.72,582 crore, a growth of 18.90% for the year 2008-09.

• Gross Advances were at Rs.51,831 crore, registering an increase of Rs.11,603 crore (28.84%) as on 31.3.2009. Overall Credit Deposit ratio was at 71.41%.

• Priority Sector Advances at Rs.18,426 crore, grew by Rs.3,297 crore ( 21.79%).

• Agriculture Credit grew by Rs.1,544 crore (24.53%) to Rs.7,838 crore and accounted for 20.51% of Adjusted Net Bank Credit.

• During 2008-09, total recovery of NPA including Accounts Under Collection amounted to Rs.457.10 crore.

• Gross NPA was at 0.89% as against 1.21% for March 2008 and Net NPA was lower at 0.18% as against 0.24% for March 2008.

• Financial Inclusion: During 2008-09, 17.04 lakh accounts were opened under the scheme, of which Overdraft was extended in 52,545 accounts for Rs.10.91 crore.

• Total Branch network of the Bank in India increased to 1642 as on 31.3.2009 and all the branches are under CBS.

• Total number of ATMs increased to 755 which included 205 offsite ATMs and customers can have access to 32000 ATMs in the shared network.

INCOME AND EXPENDITURE• During the year, total income of the Bank increased

to Rs.7,865.77 crore with a strong growth in interest income to the tune of Rs.1,617.40 crore or 31.03%. Net interest income registered a rise of Rs.554.62 crore (27.00%).

• Other Income at Rs.1,035.44 crore registered an increase of 2.96%.

• On the Expenditure side, the Bank’s interest expenditure was at Rs.4,221.81 crore an increase of Rs.1,062.70 crore or 33.64%.

• Total operating expenses at Rs.1,415.13 crore for 2008-09 has shown an increase of Rs.14.84 crore, an increase of 1.06%, when compared to the level of Rs.1,400.29 crore in 2007-08.

The income and expenditure for the period 2008-09 are given hereunder:

(Rs. in crore)

Particulars 2007-08 2008-09 Absolute Growth

%Growth

Total Interest Income

5212.97 6830.33 1617.40 31.03

Total Interest Expenditure

3159.07 4221.81 1062.70 33.64

Net Interest Income

2053.90 2608.52 554.62 27.00

Profi t on sale of investments

179.01 194.77 15.76 8.80

Net operating Income

3059.59 3643.96 584.37 19.10

Operating Expenses

1400.29 1415.13 14.84 1.06

Operating Profi t 1659.30 2228.83 569.53 34.32Provisions and Contingencies including depreciation on account of transfer of securities to HTM category

650.56

983.51 332.95 51.18

Net Profi t 1008.74 1245.32 236.58 23.45

10

ñn«oS> {díbofU

• ~¢H$ H$s {Zdb ã`mO Am` 2007-08 H$mo é 2053.90 H$amoS> go ~T>H$a

2008-09 H$mo é 2608.52 H$amo‹S> hþB© {Oggo 27 n«{VeV H$s d¥{Õ XO© hþB©

h¡& A{J«_m| H$s _mÌm _| d¥{Õ Ho$ H$maU ã`mO Am` _| ~S>r _mÌm H$s d¥{Õ BgH$m

H$maU h¡&

• ã`mO Am` _| d¥{Õ Ho$ H$maU _mM© 2009 H$mo {Zdb ã`mO _m{O©Z _| Zm_ _mÌ

H$_r go `h 3.54 n«{VeV ahm&

ñn«oS> {díbofU ZrMo Xem©`m J`m h¡…


_mnXÊS> 2007-08 2008-09 d¥{Õ

nyU© %

Hw$b ã`mO Am` 5212.97 6830.33 1617.40 31.03

Hw$b ã`mO ì`` 3159.07 4221.81 1062.70 33.64

ñn«oS> 2053.90 2608.52 554.62 27.00

{Z{Y`m| na n«{V\$b 8.49 8.90

{Z{Y`m| H$s bmJV 5.14 5.50

{Zdb ã`mO _m{O©Z 3.45 3.54

_hËdnyU© AZwnmV

(n«{VeV _|)

_mnXÊS> 2007-08 2008-09

A{J«_m| na n«{V\$b 10.59 11.02

{Zdoem| na n«{V\$b 7.68 7.61

O_mAm| H$s bmJV 5.85 6.27

AmpñV`m| na n«{Vbm^ 1.64 1.62

bmJV-Am` AZwnmV 45.77 38.83

n«{V H$_©Mmar ì`mnma (énE bmIm| _|) 488.16 616.78

n«{V H$_©Mmar bm^ (énE bmIm| _|) 4.91 6.23

n«mdYmZ VWm AmH$pñ_H$VmE±

{Zdoem| na _yë`h«mg hoVw n«mdYmZ é 265.99 H$amo‹S> h¡ {Og_| n[anDo VH$ Ym[aV g§dJ© VWm EEµ\$Eg go EMQ>rE_ _| n«{V^y{V`m| Ho$ EH$~maJr n[adV©Z _| n«r{_`_ H$m n[aemoYZ em{_b h¡… `h n«mdYmZ 2007-08 Ho$ Xm¡amZ é 114.49 H$amoS> H$s VwbZm _| h¡&

_mZH$ AmpñV`m| Ho$ {bE n«mdYmZ maVr` [aµOd© ~¢H$ Ho$ {d{Z`_m| Ho$ AZwnmbZ _| _mM© 2008 Ho$ é.95.59 H$amo‹S> H$s VwbZm _| _mM© 2009 _| é 40.87 H$amo‹S> hmo J`m&

H$a nyd© bm^ df© 2007-08 Ho$ é 1234.98 H$amo‹S> H$s VwbZm _| df© 2008-09 Ho$ {bE é 1786.10 H$amo‹S> h¡& H$a Ho$ ~mX bm^ 2007-08 Ho$ 1008.74 H$amo‹S> H$s VwbZm _| é 1245.32 H$amo‹S> h¡&

bm^m§e

{ZXoeH$ _§S>b hf©nyd©H$ df© 2008-09 Ho$ {bE 30 n«{VeV H$m bm^m§e g§ñVwV

H$aVm h¡& {dËVr` df© 2008-09 H$m bm^m§e ~¢H$ Ûmam bm^m§e na AXm {H$E OmZo

dmbo H$a Ho$ AÚYrZ hmoJm& df© 2008-09 Ho$ bm^m§e Ho$ H$maU Hw$b ~{hnZ«dmh

é 295.27 H$amo‹S> h¡ {Og_| bm^m§e H$a em{_b h¡& no-AmCQ> AZwnmV 20.27 n«{VeV Ho$ ñVa na h¡&

ZoQ>dW© VWm grAmaEAma

• 31.03.2008 Ho$ é 4653.07 H$amo‹S> go ~¢H$ H$m ZoQ>dW© ~‹T>H$a

31.03.2009 H$mo é 5880.30 H$amo‹S> ahm Omo{H$ {Zdb bm^ Ho$ nwZ{Z©doe

Ho$ H$maU h¡ VWm 26.37 n«{VeV H$s d¥{Õ Xem©Vm h¡&

• _mM© 2008 H$mo 12.74 n«{VeV H$s VwbZm _| _mM© 2008 H$mo ny±Or dh

rqyuk esa Omo{I_ Hkkfjr AmpñV`m| H$m AZwnmV (grAmaEAma) 13.27n«{VeV h¡ O~{H$ BgH$s Anojm 9 n«{VeV hr h¡&

• _mM© 2008 H$mo 11.28 n«{VeV go {Q>à I ny±Or H$m grAmaEAma ~T>H$a _mM©

2009 H$mo 11.29 n«{VeV hmo J`m h¡&

_mM© 2008 VH$ _mM© 2009 VH$

{Q>à I - ny±Or 11.29 11.28

{Q>à I I - ny±Or 1.45 1.99

Hw$b 12.74 13.27

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gaH$ma Ho$ {Xem{ZX}em| Ho$ AZwgma AOm /AOOm H$_©Mm[a`m| H$mo grYr ^Vu Am¡a

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OmVm h¡&

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g§nH©$ A{YH$mar H$mo ^r Bg n«`moOZmW© Zm{_V {H$`m J`m h¡&

df© Ho$ Xm¡amZ ~moS©> _| n[adV©Z

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H$m`©nmbH$ {ZXoeH$ H$m H$m`©^ma J«hU {H$`m& n«mo. ZaoÝX« Hw$_ma AJ«dmb Am¡a

lr gr Ho$ a§JZmWZ Zo 30.06.2008 H$mo eoàYmaH$m| H$m n«{V{Z{YËd H$aVo hþE ~moS©> _|

{ZXoeH$m| Ho$ ê$n _| H$m`©^ma J«hU {H$`m& 13.01.2009 H$mo gaH$ma H$m n«{V{Z{YËd

H$aVo hþE lr Hw$_ma g§O` H¥$îU, vkbZ-,-,l-] la;qDr lfpo] vkfFkZd dk;Z

foHkkx] foRr ea=ky;] Hkkjr ljdkj Zo ~moS©> _| lr dr Eg go§{Vb Ho$ ñWmZ na

H$m`©^ma J«hU {H$`m& lr Or MaV M§X«Z 31-01-2009 dks vius rhu ofZ ds dk;Z

le; dh lekfIr ij ~moS©> go godm{Zd¥ËV hmo Jò&


11

SPREAD ANALYSIS

• The Bank’s Net Interest income improved to Rs.2,608.52 crore in 2008-09 from Rs. 2,053.90 crore in 2007-08, thereby registering a growth of 27%. The increase is attributed to the substantial increase in interest income arising from volume growth in advances.

• The increase in interest income led to a marginal increase in Net Interest Margin to 3.54% as of March 2009.

The Spread analysis is as under: (Rs. in crore)

Parameters 2007-08 2008-09Growth

Absolute %Total Interest Income

5212.97 6830.33 1617.40 31.03

Total Interest Expended

3159.07 4221.81 1062.70 33.64

Spread 2053.90 2608.52 554.62 27.00

Yield on Funds %

8.49 8.90

Cost of Funds %

5.14 5.50

Net Interest Margin %

3.45 3.54

IMPORTANT RATIOS

(in per cent)

Parameters 2007-08 2008-09Yield on Advances 10.59 11.02

Yield On Investment 7.68 7.61

Cost of Deposits 5.85 6.27

Return on Assets 1.64 1.62

Cost Income ratio 45.77 38.83

Business per employee (Rs in lakh) 488.16 616.78

Profi t per employee (Rs in lakh) 4.91 6.23

PROVISIONS AND CONTINGENCIES

• Provision for Depreciation on Investments including amortisation of premium on Held to Maturity category and one time shifting of securities from AFS to HTM category is to the tune of Rs.265.99 crore as compared to a provision of Rs.114.49 crore in 2007-08.

• Provision for Standard Assets amounted to Rs.40.87 crore in March 2009 as against Rs.95.59 crore in March 2008 in compliance with RBI regulations.

• Profi t before tax for 2008-09 is at Rs.1,786.10 crore as against Rs. 1,234.98 crore for 2007-08. Profi t after tax is at Rs.1,245.32 crore as against Rs. 1,008.74 crore in 2007-08.

DIVIDEND• The Board of Directors is pleased to recommend a fi nal

dividend of 30% for 2008-09, thus making the total dividend for 2008-09 to 50%. The dividend for fi nancial year 2008-09 shall be subject to tax on dividend to be paid by the Bank. The total outfl ow on account of dividend for 2008-09 is Rs.295.27 crore including dividend tax. The payout ratio works out to 20.27%.

NET WORTH AND CRAR• The Net worth of the Bank improved to Rs.5,880.30

crore as on 31.3.2009 from Rs. 4,653.07 crore as on 31.03.2008 refl ecting a growth of 26.37% due to plough back of profi ts.

• The Capital to Risk (Weighted) Assets Ratio (CRAR) is 13.27% as of March 2009, compared to 12.74% as of March 2008, against the requirement of 9%.

• The CRAR of Tier I capital was 11.28% as of March 2009 as against 11.29% as of March 2008.

As on

March 2008 March 2009

Tier-I Capital 11.29 11.28

Tier-II Capital 1.45 1.99

Total 12.74 13.27

In accordance with the priorities accorded by the Government of India, the Bank’s Advances to SC/ST increased by Rs.312.78 crore to reach Rs. 1,315.96 crore as of 31st March 2009 covering 3.51 lakh individuals and constituted 7.14 % of total Priority Sector advances, representing 31% growth over the previous year’s position.

Also as per Government guidelines, during the process of Direct Recruitment and Internal Promotions, Pre-recruitment and Pre-promotion trainings are offered to SC/ST employees.

Periodical Quarterly Meetings are conducted and grievances, if any are resolved then and there. The SC/ST Cell also ensures prompt disposal of grievances/representations of SC/ST employees. A Chief Liaison Offi cer in the rank of General Manager is nominated for this purpose.

CHANGES IN THE BOARD DURING THE YEARDuring the period under review, Shri Anup Sankar Bhattacharya assumed charge as Executive Director on 15.10.2008. Prof. Narendra Kumar Agrawal and Shri C K Ranganathan joined the Board as Directors representing the

12

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AÜ`j Ed§ n«~§Y {ZXoeH$


13

shareholders on 30.06.2008 and Shri Kumar Sanjay Krishna I.A.S., Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, joined the Board as Director on 13.01.2009 representing the Government in the place of Shri V S Senthil. Shri G Charath Chandran retired from the Board on 31.01.2009 as he completed his term of three years.

DIRECTORS’ RESPONSIBILITY STATEMENT

The Directors confi rm that in the preparation of the annual accounts for the year ended March 31, 2009 –

• The applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

• The accounting policies framed in accordance with the guidelines of the Reserve Bank of India, were consistently applied;

• Reasonable and prudent judgment and estimates were made 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 of the Bank for the year ended March 31, 2009.

• Proper and suffi cient care were taken for the maintenance of adequate accounting records in

accordance with the provisions of applicable laws governing banks in India; and

• The accounts have been prepared on a going concern basis.

ACKNOWLEDGEMENT

The Board expresses its gratitude to the Government of India, Reserve Bank of India and Securities & Exchange Board of India for the valuable guidance and support received from them. The Board also thanks the fi nancial institutions and correspondent banks for their co-operation and support. The Board acknowledges the unstinted support of its customers and shareholders. The Board records its sincere appreciation for the valuable contribution made by Shri V S Senthil and Shri G Charath Chandran who ceased to be member effective from 13.01.2009 and 01.02.2009 respectively. The Board wishes to place on record its appreciation of the dedicated services and contribution made by members of staff for the overall performance of the Bank.

For and on behalf of Board of Directors

CHAIRMAN AND MANAGING DIRECTOR

14

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H$m AZw_mZ {H$`m J`m h¡& ‘‘{Z_m©U, ì`mnma, hmoQ>b, n[adhZ Am¡a g§no«fU‘ Ho$

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n«{VeV H$s d¥{Õ Xa hm{gb H$aZo H$s Anojm H$s J`r h¡ Am¡a ‘g_yh, gm_m{OH$

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_| 7.1 n«{VeV d¥{Õ hmoZo H$s g§^mdZm h¡&

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n«~§YZ {dMma {d_e© Am¡a {díbofU


15

ECONOMIC ENVIRONMENT

Worldwide, the Financial Year 2008-09 witnessed volatility with high degree of uncertainty. In the Indian economy the year started off with highly optimistic note on the backdrop of the strong fundamentals of the economy which was completely reversed as the year drew to a close.

After fi ve years of spectacular growth posted by the Indian economy, there were perceptible signs of deceleration in FY’09. A number of factors inimical to growth intensifi ed and these include global economic slowdown associated with the fi nancial crisis in developed economies and tightening of equity and credit markets. There has been substantial shrinkage of the export market and capital fl ows dried up. Consequently, a vicious cycle of weak demand and falling output developed in the Indian economy.

In the beginning of the year, overall sentiment prevalent in the economy was optimistic backed by high GDP growth, rising savings and investment rates, and increase in manufacturing activity through investments in capacity expansions. As the global economic environment started to deteriorate owing to simultaneous turmoil in food, energy and fi nancial sectors, the Indian economy which was expected to remain insulated was impacted due to increased integration of the Indian economy and its fi nancial markets with the rest of the world; and the ripple effect of the global crisis was transmitted to the domestic economy via the trade and fi nance channels.

REAL SECTOR• As per Central Statistical Organisations’ advance

estimates, the real GDP growth for 2008-09 is estimated to be 7.1 per cent. This is based on the expected higher growth of over 5 per cent in the sectors of ‘construction’, ‘trade, hotels, transport and communication’, ‘fi nancing, insurance, real estate, business services’, and ‘community, social and personal services’.

• ‘Agriculture, forestry and fi shing’ sector is likely to show a growth rate of 2.6 per cent as against the previous year’s growth rate of 4.9 per cent, mainly on account of anticipated growth rates in horticultural crops, livestock products and fi sheries.

• The output in the industrial sector is expected to moderate to 4.82% in FY09 as against 8.10% in the previous year.

• The services sector which has been the key growth driver is expected to show a reduced growth of 9.65%

as against 10.85% in the previous year. The estimated growth in GDP for the trade, hotels, transport and communication sectors during 2008-09 is placed at 10.3 per cent. Financing, insurance, real estate and business services are expected to show a growth rate of 8.6 per cent during 2008-09 and the growth rate of ‘community, social and personal services’ during 2008-09 is estimated to be 9.3 per cent.

• The National Income is likely to rise by 7.1 per cent during 2008-09 in comparison to the growth of 9.1 per cent in 2007-08.

• The per capita income in real terms (at 1999-2000 prices) is estimated to grow at 5.6 per cent during 2008-09, as against the previous year’s estimate of 7.6 per cent.

INDUSTRIAL SECTOR

• The global turbulence and its impact on the Indian economy were apparent with the contraction in the industrial output which turned negative from January 2009 onwards. The index has recorded a y-o-y fall of 1.2% during February, mainly due to a combination of high base effect and sluggish external demand as refl ected by continuously falling exports.

• While mining and manufacturing output declined by 1.6% and 1.4% respectively, electricity sector registered a marginal growth of 0.7%. However capital goods and consumer durables registered a fi rm growth of 10.4% and 5.7% respectively during the period under review.

• The Core industries also were in the slowdown registering a growth of 2.9 per cent in March 2009, same as that of March 2008. For the period April-March 2008-09, the six core industries registered a growth of 2.7 per cent as against 5.9 per cent during the corresponding period of the previous year.

EXTERNAL SECTOR• On the external front, in the beginning of 2008-09,

India’s merchandise trade remained resilient. Demand conditions worsened as India’s key trading partners and the global economy witnessed a crisis of confi dence. India’s exports lost momentum since Sep. 2008 and declined for the consecutive months of Oct, Nov, Dec ‘08, Jan’09, Feb’09 and Mar. ‘09.

MANAGEMENT DISCUSSION AND ANALYSIS

16

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ê$n _| _yë`m§{H$V {H$`m J`m Omo{H$ _mM© 2008 Ho$ Xm¡amZ aho yEg S>m°ba 17.25

{~{b`Z Ho$ ñVa go 33.3 n«{VeV H$_ Wm& An«¡b-_mM© 2008-09 H$s Ad{Y

Ho$ Xm¡amZ {Z`m©Vm| H$m g§M`r _yë`, `yEg S>m°ba 163.1 {~{b`Z Ho$ {déÕ `yEg

S>m°ba 168.7 {~{b`Z ahm Omo{H$ {nN>bo df© _| Bgr Ad{Y Ho$ Xm¡amZ S>mbam| _|

n[aH${bV H$aZo na 3.4 n«{VeV H$s d¥{Õ Xem©Vm h¡&

• _mM© 2008-09 Ho$ Xm¡amZ Am`mVm| H$mo `yEg S>m°ba 15.56 {~{b`Z Ho$ ê$n

_| n«mŠH${bV {H$`m J`m Omo{H$ _mM© 2007-08 _| _yë`m§{H$V Am`mVm| Ho$ `yEg

S>m°ba 23.57 {~{b`Z Ho$ ñVa go 34 n«{VeV H$_ h¡& An«¡b-_mM© 2008-09

H$s Ad{Y Ho$ Xm¡amZ Am`mVm| H$m g§M`r _yë` `yEg S>m°ba 251.65 {~{b`Z Ho$

{déÕ `yEg S>m°ba 287.76 {~{b`Z ahm Omo{H$ {nN>bo df© _| Bgr Ad{Y Ho$

Xm¡amZ S>mbam| _| n[aH${bV H$aZo na 14.3 n«{VeV H$s d¥{Õ XO© H$aVm h¡&

• An«¡b-_mM© 2008-09 Ho$ Xm¡amZ Vob Am`mV H$m _yë` `yEg S°>mba 93.17

{~{b`Z ahm Omo{H$ {nN>bo df© _| Bgr Ad{Y Ho$ Xm¡amZ `yEg S>m°ba 79.71

{~{b`Z Ho$ Vob Am`mV go 16.9 n«{VeV A{YH$ ahm& An«¡b-_mM© 2008-09

Ho$ Xm¡amZ Vob go BVa Am`mV H$m _yë` `yEg S>m°ba 194.58 {~{b`Z ahm Omo{H$

An«¡b-_mM© 2007-08 _| `yEg S>m°ba 171.94 {~{b`Z Ho$ Am`mV _yë` go

13.2 n«{VeV A{YH$ Wm&

• An«¡b-_mM© 2008-09 H$mo ì`mnma KmQo> H$m n«mŠH$bZ `yEg S>m°ba 119.05

{~{b`Z Ho$ ê$n _| {H$`m J`m Omo{H$ {nN>bo df© _| `yEg S>m°ba 88.52 {~{b`Z

Ho$ KmQo> go A{YH$ h¡&

• Bg df© Ho$ Xm¡amZ geŠV Eµ\$AmB©AmB© ~{hn«©dmh Ho$ H$maU `yEg S>m°ba H$s VwbZm

_| énE Ho$ _yë`h«mg go Bg_| [aH$mS©> H$_r hþB© Am¡a `h 52.06 ahm&

• 2008-09 H$s Vrgar {V_mhr Ho$ Xm¡amZ Mmby Am¡a ny§Or ImVo, XmoZm| _| KmQo> Ho$

H$maU ^maV Ho$ ^wJVmZ g§VwbZ H$s pñW{V _| Vrd« {JamdQ> hþB©& {Z`m©V _| H$_r

Ho$ H$maU Mmby ImVo H$m KmQ>m `yEgS>r 14.6 {~{b`Z VH$ ~T> J`m Omo{H$ df©

1990 go gdm©{YH$ KmQ>m h¡& ny§Or ImVo H$m eof ZH$mamË_H$ ~Zm Am¡a 1998-

99 H$s nhbr {V_mhr Ho$ ~mX nhbr ~ma `yEgS>r 3.7 {~{b`Z H$m ~{hn«©dmh

{XIm`m J`m&

_yë`m| H$s n[apñW{V

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H$m X~md ~T> J`m {Oggo AJñV 08 _| S>ãë`ynrAmB© _wX«mñ\$s{V 12.90 n«{VeV

na Xmo A§H$m| H$s hmo J`r Wr VWm Vob (noQ´>mo{b`_) Ho$ Xm_ _| bJmVma ~‹T>moËVar

g~go ~S>m g§^mì` IVam ahm& AJñV 08 go d¡pídH$ ñVa na nÊ`m| Ho$ Xm_ KQ>Zo

bJo VWm Bggo AW©ì`dñWm _| g_J« _yë`m| H$s pñW{V _| Hw$N> amhV {_br& AV…

A§Vam©ï>r` ñVa na nÊ`m| Ho$ _yë` _| {JamdQ> Ho$ gmW, Omo{H$ H«y$S> Am`b Ho$ _yë`

_| {JamdQ> go ewê$ hþAm, {gV§~a 08 go _wX«mñ\$s{V g§`V hmoZo bJr& 28 _mM©

2009 H$mo g_má gámh Ho$ {bE _wX«mñ\$s{V H$s Xa 0.26 n«{VeV Ho$ {ZåZ

ñVa VH$ nhþ±M J`r& {Z{_©V CËnmXm| na _wX«mñ\$s{V H$s Xa 1.42 n«{VeV ahr

O~{H$ n«mW{_H$ dñVwAm| Am¡a BªYZ J«yn na BgH$s Xa H«$_ím… 3.46 n«{VeV Am¡a

-6.11 n«{VeV ahr&

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H$m 94.1 n«{VeV VH$ ~‹T>H$a é.3071.33 H$amoS> ~Z J`m Omo{H$ An«¡b 07

go \$adar 08 VH$ nmò Jò 73.4 n«{VeV go ~hþV A{YH$ h¡& amOñd KmQ>m,

g§emo{YV n«mŠH$bZm| H$m 101.3 n«{VeV `m é.2445.13 {~{b`Z ahm&

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bJmVma H$_Omo[a`m| Ho$ \$bñdê$n Xoer ~mOmam| _| ì`mnma H$s _mÌm Am¡a nÊ`mdV©

_| _hËdnyU© H$_r hþB©&

• Xoe _| g^r gyMr~Õ H§$n{Z`m| H$m g§{_l ~mOma _yë`Z, _mM© 31, 2008 H$mo

é.49,72,953.37 H$amo‹S> go KQ>H$a Bg amOH$mofr` df© Ho$ A§{V_ {XZ H$mo

é.30,86,075 H$amoS> ahm {Oggo Bg Ad{Y Ho$ Xm¡amZ é.18,86,000 H$amoS>

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H§$n{Z`m| Ho$ ~mOma ny§OrH$aU H$m bJ^J 48 n«{VeV H$m {hgm~ ~ZVr h¡, H$mo

31 _mM©, 2009 H$mo g_má amOH$mofr` df© Ho$ Xm¡amZ bJ^J é.10,00,000

H$amoS> H$s hm{Z hþB©&

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[aµOd© ~¢H$ Zo df© Ho$ Ama§^ _| V§J _wX«m Zr{V Ho$ AnZo X¥{ï>H$moU H$mo ~hþV hr ~Xb

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• df© Ho$ Ama§^ _| (OZdar - AJñV 08) _| Cƒ ñVa H$s _wX«mñ\$s{V Am¡a ~T>Vo

VabVm Ho$ X~md Ho$ H$maU ^maVr` [aµOd© ~¢H$ H$mo AnZm _m¡{X«H$ X¥{ï>H$moU V§J

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joÌ na CgHo$ bhaXma n« md nS>Zo go dh {dËVr` Ed§ ì`mnma MoZbm| Ho$ _mÜ`_ go

^maVr` AW©ì`dñWm H$mo ^r n«{VHy$b T§>J go n« m{dV H$aZo bJm& Bggo ^maVr`

[aµOd© ~|H$ H$mo AŠVy~a 2008 go AnZr Zr{V H$mo _wX«mñ\$s{V Ho$ {Z §ÌU go n[ad{V©V

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~T> OmZo Ho$ H$maU ^maVr` [aµOd© ~¢H$ Zo AË`{YH$ VabVm H$mo {Z`§{ÌV H$aZo

Am¡a _wX«mñ\$s{VJV AnojmAmo§ na H$m~y nmZo Ho$ {bE An«¡b - AJñV 2008 Ho$

Xm¡amZ grAmaAma Am¡a arnmo Xa H$mo ~‹T>mH$a 9 n«{VeV ~Zm {X`m&

• Xoer ñQ>m°H$ ~mµOmam| go ~S>r _mÌm _| Eµ\$AmB©AmB© Ho$ ~{hn«©dmh Am¡a gmW hr gmW

AJñV 08 VH$ ^maVr` [aµOd© ~¢H$ H$s V§J _m¡{X«H$ Zr{V Zo ~mµOma _| VabVm H$s

H$_r bm`r&


17

• Exports during March 2008-09 were valued at US $ 11.51 billion which was 33.3 per cent lower than the level of US $ 17.25 billion during March, 2008. The Cumulative value of exports for the period April-March, 2008-09 was at US$ 168.7 billion as against US $ 163.1 billion, registering a growth of 3.4 per cent in Dollar terms over the same period last year.

• Imports during March 2008-09 were valued at US $ 15.56 billion representing a decrease of 34 per cent over the level of imports valued at US $ 23.57 billion in March 2007-08. The Cumulative value of imports for the period April- March 2008-09 was at US $ 287.76 billion as against US $ 251.65 billion registering a hike of 14.3 per cent in Dollar terms over the same period last year.

• Oil imports during April-March 2008-09 were valued at US $ 93.17 billion which was 16.9 per cent higher than the oil imports of US $ 79.71 billion in the corresponding period last year. Non-oil imports during April- March 2008-09 were valued at US $ 194.58 billion which was 13.2 per cent higher than the level of such imports valued at US $ 171.94 billion in April- March 2007-08.

• The trade defi cit for April-March 2008-09 was estimated at US $ 119.05 billion which was higher than the defi cit at US $ 88.52 billion in the previous year.

• During the year, the rupee depreciated to record low of 52.06 against the US dollar due to strong FII outfl ows.

• India’s Balance of Payments deteriorated sharply in the third quarter of 2008-09 with both current and capital account running into defi cits. Exports contraction resulted in the current account defi cit widening to USD 14.6 billion the highest since 1990. Capital account balance turned negative showing outfl ows of USD 3.7 billion for the fi rst time since Q1 of 1998-99.

Price Scenario• At the start of the year, surge in food and fuel

prices created infl ationary pressures causing the WPI infl ation to reach a double digit of 12.90% in Aug’08 – the potential threat being the steady rise in oil prices. From Aug 08, Global commodity prices started receding and this provided some respite to the overall price situation in the economy. Thus, driven by receding international commodity prices viz., crude oil, the headline infl ation began to moderate from Sep 2008. Infl ation rate slumped to a low of 0.26% for the week ended 28th March 2009. The infl ation rate of manufactured products stood at 1.42%, while that of primary articles and fuel group stood at 3.46% and -6.11% respectively.

Fiscal Position• India’s fi scal defi cit increased to 94.1% of the revised

estimates to Rs. 3,071.33 billion in the 11 months of 2008-09 much higher than the 73.4% witnessed during April’07-Feb’08. The revenue defi cit was 101.3% of the revised estimates amounting to Rs.2,445.13 billion.

Equity Markets• Persistent weakness in the global markets due to the

fi nancial market crisis and weak economic indicators resulted in domestic markets recording a sharp decline in their trading volume and turnover.

• The combined market valuation of all the listed companies in the country dropped to Rs . 30,86,075 crore on the last day of this fi scal as against Rs. 49,72,953.37 crore on March 31st 2008, leading to a loss of over Rs. 18,86,000 crore during the period.

• The Bombay Stock Exchange’s benchmark index ‘Sensex’, which accounts for around 48 per cent of the market capitalisation of all the listed companies, suffered a loss of nearly Rs. 10,00,000 crore for the fi scal ending March 31, 2009.

MONETARY DEVELOPMENTS• The FY 2008-09 was signifi cant in view of the global

meltdown. RBI changed its approach signifi cantly from a tight monetary policy stance in the beginning of the year to easing monetary measures.

• In the beginning of the year (Jan-Aug 2008), high infl ation and mounting liquidity pressures induced the Reserve Bank to tighten its monetary stance to rein in infl ation expectations and to decrease demand-side pressures.

• However, as the gradual intensifi cation of the global fi nancial crisis took place, its ripple effects on the real sector across the globe began to adversely affect the Indian economy via the fi nancial as well as trade channels. This prompted RBI to shift its policy focus from infl ation control to demand stimulation and growth enhancement since Oct 2008.

• With infl ation and money supply growing far above RBI’s target, the RBI raised the CRR and Repo rate to 9% during April – August 2008 to control excess liquidity and to rein in infl ationary expectations.

• The substantial FII outfl ows from domestic stock markets coupled with tight monetary policy followed by the RBI till Aug 08 led to signifi cant liquidity crunch in the market.

18

• AŠVy~a 08 _| _m§J Xam| (^m[aV Am¡gV _m§J Xa|) Ho$ 19.74 n«{VeV VH$ ~T>

OmZo go Am¡a ~¢H$m| Ûmam EbEE\$ qdS>mo H$s eaU {bò OmZo go ~¢qH$J V§Ì _| V§J

VabVm pñW{V ñnï> {XI ahr Wr&

• 2008-09 H$mo Xygao dfm©Õ© _| O¡go hr AW©ì`dñWm Ho$ {dH$mg H$s g§^mì`Vm

_| AYmo_wIr Omo{I_ ~T>Zo bJo Am¡a _wX«mñ\$s{V _| Hw$N> {Z`§ÌU nmò OmZo bJm,

_m¡{X«H$ Zr{V H$m Ho$pÝX«V Ü`mZ _wX«mñ\$s{V na H$m~y nmZo go n[ad{V©V hmoH$a {dH$mg

H$mo n«o[aV H$aZo d VabVm Ho$ X~mdm| H$mo H$_ H$aZo H$s {Xem _| ~Xb J`m& AV…

d¡pídH$ {dËVr` ~mµOmam| _| g§H$Q> Ho$ ~rM _| Xoer _oH«$mo - BH$Zm{_H$ Ed§ {dËVr`

pñWaVm AZwa{jV H$aZo Ho$ n«`mg Ho$ ê$n _| ^maVr` [aµOd© ~¢H$ Zo H$B© H$X_

Kmo{fV {H$ò {Og_| grAmaAma, arnmo Am¡a [adg© arnmo Xam| _| AŠVy~a 08 -

OZdar 09 Ho$ ~rM _| H«$_e… 400 ~rnrEg, 350 ~rnrEg Am¡a 200 ~rnrEg

H$s H$Q>m¡Vr em{_b h¡&

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é.50000 H$amoS> (é.500 {~{b`Z) Amh[aV H$a {Xò& AŠVy~a 2008 _mÌ _|

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~¢qH$J joÌ

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19.8 n«{VeV H$s d¥{Õ hþB© O~{H$ {nN>bo df© _| Bgr Ad{Y Ho$ Xm¡amZ 22.4

n«{VeV H$s d¥{Õ hþB© Wr&

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17.3 n«{VeV Wr&

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~¢H$ H$m {dñV¥V H$mamo~ma {ddaU

gmd©^m¡{_H$ H$mamo~ma

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_mM©, 2009 H$mo é.1,24,413 H$amoS> VH$ ~T> J`m {Og_| é.23,139 H$amo‹S> Am¡a

22.85 n«{VeV H$s d¥{Õ XO© H$s J`r& ~¢H$ Ho$ Xoer H$mamo~ma _| é.21,411 H$amoS>

H$s d¥{Õ go `h 31.03.2008 H$mo é.97,109 H$amoS> go ~‹T>H$a 31.03.2009 H$mo

é.1,18,250 H$amo‹S> ~Z J`m Omo{H$ 22.05 n«{VeV H$s d¥{Õ Xem©Vm h¡&

g§gmYZ g§J«hU

31.03.2008 H$mo é.61,046 H$amoS> go ~‹T>H$a 31.03.2009 H$mo ~¢H$ H$s

gmd©^m¡{_H$ O_mE§ é.72,528 H$amoS> ~Z J`t {Og_| é.11,536 H$amoS> Ho$ OmoS> go

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~¢H$ H$s 2 {dXoer emImE§ H$mob§~mo Am¡a qgJmnwa _| h¢&


19

• Tight liquidity conditions in the banking system was evident from fi rming up of call rates to 19.74% (weighted average call rates) in October’08 and increasing recourse to LAF window by banks.

• As the downward risks to the growth prospects of the economy increased in the second half of 2008-09 and some moderation in infl ation was observed, the focus of monetary policy shifted from infl ation control to stimulating growth and easing liquidity pressures. Thus, in an endeavour to maintain domestic macro-economic and fi nancial stability amidst the turmoil in the global fi nancial markets, the RBI announced a slew of measures, which included cuts in CRR, Repo and Reverse Repo rates by 400 bps, 350 bps and 200 bps respectively during Oct 08-Jan 09.

• Foreign institutional investors pulled out close to Rs. 50,000 crore (Rs. 500 billion) at the domestic stock market in 2008-09. A major chunk of FII selling over $3 billion took place in October 2008 alone, which saw the Sensex touching its lowest level in the last three years. The benchmark index plunged to a low of 7,697 points in October amid sharp outfl ow from FIIs. It rallied to 9,709 points at end March, 2009.

Banking Sector

• As of 27th March 2009, aggregate deposits of All Scheduled Commercial Banks grew by 19.8 per cent year-on-year as against 22.4 per cent in the corresponding period in the previous year.

• Credit growth during the same period was at 17.3 per cent as against 22.3 per cent in the previous year.

• Credit Deposit Ratio was at 72.32 per cent as on March 27, 2009.

DETAILED BUSINESS OVERVIEW OF THE BANK

GLOBAL BUSINESS

Global Business of the Bank increased to Rs.1,24,413 crore as on March 31, 2009 from Rs.1,01,274 crore as on March 31, 2008 registering an increase of Rs. 23,139 crore and a growth of 22.85%. Domestic Business of the Bank increased by Rs. 21,411 crore to Rs.1,18,520 crore as on that date from Rs. 97,109 crore as on 31.3.2008, registering a growth of 22.05%.

RESOURCE MOBILISATION Global Deposits of the Bank improved to Rs.72,582 crore as on 31.3.2009 from Rs.61,046 crore as on 31.3.2008, with an accretion of Rs.11,536 crore and growth of 18.9%.

Domestic Deposits of the Bank increased by Rs.10,754 crore to Rs.69,659 crore as on 31.3.2009 from Rs. 58,905 crore as on 31.3.2008 registering growth of 18.26%.

Current Deposits reached a level of Rs.5,252 crore as on 31.3.2009 as against Rs. 4,704 crore as on 31.3.2008, an increase of 11.65%. Savings Bank Deposits grew by 17.69% to Rs.17,667 crore as on 31.3.2009 as against Rs. 15,011 crore as on 31.3.2008. The share of low cost deposit in total deposits was at 31.58% as on 31.3.2009.

“Banyan Vriksh’ Movement

To commemorate the 101st year of founding of the Bank, a movement named ‘Banyan Vriksh’ was launched on 18.08.2008 to bring in 1.1 million customers in 101 days to our fold. The movement was successful.

CREDIT DEPLOYMENTGross Advances of the Bank touched the level of Rs.51,831 crore as on 31.3.2009 as against Rs.40,228 crore as on 31.3.2008 recording a growth of 28.84%. Domestic Credit increased by Rs.10,657 crore (27.89%) to Rs.48,861 crore as on 31.3.2009 as against Rs.38,204 crore as on 31.3.2008. The growth mainly accrued from Non-food credit.

Domestic Non-food credit increased by Rs.10,626 crore (28.63%) to Rs.47,744 crore as on 31.3.2009 as against Rs. 10,076 crore as on 31.3.2008.

The CD ratio of the Bank as on 31.3.2009 stood at 71.41%. The Bank continues its thrust on improving its yield on advances and asset quality.

Priority Sector advances with an outstanding of Rs.18,426 crore constituted 48.23% of the Adjusted Net Bank Credit and registered an increase of Rs.3,297 crore.

Bank’s Retail credit grew at 22.95% and the outstanding as on 31.3.2009 was at Rs.9,664.14 crore.

Export Credit recorded a growth of Rs.246.91 crore or 19.23% from Rs.1,284.27 crore to Rs.1,531.18 crore as on 27.03.2009.

BRANCH NETWORK AND EXPANSION

As on 31.03.2009, the Bank had 1642 domestic branches comprising of 480 Rural, 414 Semi Urban, 410 Urban and 338 Metropolitan branches. There were 63 Extension Counters, 29 Satellite Offi ces, 1 Collection Counter, 20 Rural Banking Service Centres and 1 Forex Bureau. During the year, the Bank opened 101 branches. The Bank opened 37 branches in minority dominated and unbanked areas during 2008-09. Besides, the Bank has 2 foreign branches in Colombo and Singapore.

20

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21

Treasury Branch was opened at Chennai for integrated treasury transactions and Forex transactions.

Twenty Banking Service Centres (BSC) are operational in various parts of the country to increase outreach under fi nancial inclusion.

SEGMENT-WISE PERFORMANCE

Priority Sector Credit

Priority Sector advances increased by Rs.3,296.47 crore to reach Rs.18,425.70 crore as at 31st March 09 and recorded a growth of 21.79 %. It constituted 48.23 % of Adjusted Net Bank Credit.

Agriculture credit

Agriculture advances increased by Rs.1,543.82 crore to reach Rs.7,837.52 crore as on 31st March 2009 recording a growth of 24.53%. It constituted 20.51% of Adjusted Net Bank Credit.

Special Agricultural Credit Plan

Under the Special Agricultural Credit Plan, the Bank during 2008-09 disbursed farm loans to the tune of Rs.6,324.77 crore against a target of Rs.4,925 crore recording an achievement ratio of 128%. Out of the above, Rs. 1,680.20 crore has been disbursed to 4.20 lakh new farmers. The number of new farmers fi nanced during 2008-09 averaged to 470 per rural/semi urban branch against the norm of 250/branch.

Provision of farm loans under interest subvention scheme

In pursuance of the policy of the Government of India, The Bank has operationalised the scheme of providing short term agricultural loans to farmers at 7% p.a. with interest subvention of 3% provided by Government of India. Under the scheme, the Bank disbursed Rs. 2,963.04 crore during 2008-09, as short term agricultural loans at 7% rate of interest benefi ting 9.51 lakh farmers accounting for 79% of total crop loans disbursed (Rs. 3,773.54 crore).

Advances to Weaker Sections

Advances to weaker sections increased by Rs.440.43 crore during 2008-09 and stood at Rs.4,118.95 crore as on 31st March 2009 and constituted 10.78 % of Adjusted Net Bank Credit as against a norm of 10% set in this regard. The performance under major categories of Weaker Section advances is as follows:

• Rs.2,373.22 crore to 6.49 lakh Small / Marginal Farmers which constituted 45.54 % of direct credit provided to farmers as against 40% norm suggested by RBI.

• 10,577 new tenant farmers / oral lessees / share

croppers have been fi nanced during the year amounting to Rs. 30.08 crore which constituted 2.52% in terms of number of farmers to total new farmers fi nanced during the year, as against 2.50% suggested by Government of India.

• Weaker Section campaign (between 19.07.08 & 01.08.08 and between 09.02.09 & 14.02.09) were conducted with focus on DRI lending. As a result, outstanding level under DRI improved from Rs. 3.05 crore in March 2008 to Rs. 11.44 crore in March 2009, recording 275% growth rate.

• Advances to SC/ST increased by Rs.312.78 crore to reach Rs. 1,315.96 crore as of 31st March 2009 covering 3.51 lakh individuals and constituted 7.14% of total Priority Sector advances representing 31% growth over the previous year position. The recovery position of SC/ST borrowers has been 65.37% as on 31.3.2009.

• To increase credit fl ow to Minority Communities, the Bank organized sensitization programme for Offi cers-in-charge of special cells (for Minorities / SC-ST welfare) formed at Circle Offi ces on 31.10.2008. Advances to Minority communities increased from Rs.774.05 crore in March 2007 and Rs.1,544.69 crore in March 2008, to Rs.2,442.45 crore registering an increase of Rs.897.76 crore during 2008-09 and constituted 13.26% of total Priority Sector advances.

Education loan

To assist needy and deserving students to pursue education, the Bank continued the thrust towards extending education loans and the Bank’s exposure to education loan portfolio increased by Rs.563.66 crore to reach Rs.1,712.99 crore as on 31st March 2009 with 1.33 lakh students forming a part of the Bank’s customer base. During 2008-09, the Bank disbursed a sum of Rs.540.17 crore as education loans to 66280 students. The Bank has also implemented “Web based on-line education loan application system” to facilitate early disposal of applications.

INITIATIVES TAKEN UP FOR ENHANCING RURAL CREDIT

Intensive Farm Credit Campaigns In order to provide timely credit coinciding with monsoon, intensive farm credit campaigns were conducted during the Kharif and Rabi seasons. During both these campaign periods, a total of 62710 farmers were assisted to the tune of Rs.362.65 crore.

Micro credit initiativesBank has disbursed Rs.1,054.04 crore as credit assistance to 90421 Self Help Groups (SHGs ) during 2008-09 compared

22

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{H$`m h¡&


23

to Rs.814.86 crore disbursed covering 75381 groups during 07-08. Outstanding under Micro Finance (SHGs) increased by Rs.363.70 crore to reach Rs.1,350.86 crore as of 31st March 2009.

MICROSATE Branches: In its endeavor to contribute towards urban fi nancial inclusion, the Bank has established Specialized Microfi nance Branches called MICROSATE Branches across the country. During the year ended March 2009, 13 Microsate Branches were opened, taking the total to 25 branches. (12 in Tamil Nadu, 4 in Andhra Pradesh, 2 in Kerala and one each in UT of Puducherry, New Delhi, Bihar, West Bengal, Gujarat, Maharashtra, Orissa, Karnataka and Madhya Pradesh). These Microsate Branches serve as the one-stop-shop, catering to the credit requirements of SHGs, NGOs and MFIs, providing not only credit, but also hand holding services like skill upgradation, product promotion, market facilitation etc. A total of Rs.276.95 crore have been disbursed during the year ended March 2009, covering 16,355 SHGs through these Microsate Branches.

Market facilitation: To ensure market facilitation through publicity and sale, the Bank along with Indian Bank Trust for Rural Development (IBTRD) arranged for an “Exhibition cum Sale” exclusively for SHG Products at Chennai on 28.02.09 & 01.03.09. A total of 146 SHGs participated in the exhibition. During the two days of exhibition, a total cash sale of Rs.4.21 lakh was registered besides booking of orders worth around Rs.16 lakh.

Financial Inclusion Initiatives

Besides achieving total fi nancial inclusion (involving all Banks) in UT of Puducherry, Cuddalore (TN) & Kollam (Kerala), the Bank has implemented 100% Financial Inclusion in 9 other lead districts. 100% FI has also been completed by the Bank in Nilgiris (ST concentrated), Tiruvarur (SC concentrated) and Kaniyakumari (minorities concentrated) districts.

Covering 4637 villages, the Bank under the Financial Inclusion Project, opened 17.04 lakh No Frills SB accounts and provided Overdraft and GCC facilities to 52545 individuals with a total sum of Rs.10.91 crore.

The Bank has taken up initiatives to popularize Micro Insurance products like Janashree Bima Yojana (JBY), launched in association with LIC of India, intended for providing life cover to SHG members. The Bank has provided insurance cover to 83,033 members of 8579 SHGs. In this regard our Branches observed February 09 as JBY Month. During the month, 5393 groups were brought under the scheme covering 57860 members.

Efforts were taken up to popularize Under Universal Health Care Policy (UHCP), the micro insurance scheme launched in association with United India Insurance Company Ltd (UIIC) intended for providing health cover to Below Poverty

Line families. The Bank has so far provided insurance cover to 16,220 BPL members.

Rural Technology Initiatives

Banking Service Centre (BSC): To enable door step banking, by providing basic banking services at villages level, the Bank has introduced a new banking delivery channel viz. Banking Service Centre (BSC). 20 Banking Service Centers have so far been opened by the Bank in rural areas across the country on a pilot basis.

For Self Help Groups, an exclusive software application has been developed for enabling dual biometric authentication of SHG members (i.e. with fi nger print). So far 18 Biometric ATMs have been installed by the Bank.

Farmers’ Clubs

The Bank has so far sponsored 342 farmers clubs. The farmers’ club play important role in identifi cation of potential in the command area. These clubs are instrumental in improving quality of lending, deposit mobilization, recovery of overdue loans, and formation of SHGs etc.

Agricultural Debt Waiver and Debt Relief Scheme

In terms of the announcement made by the Government of India in the Union Budget 2008, the Bank has provided debt waiver amounting to Rs.457.40 crore benefi ting 2.36 lakh Small and Marginal Farmers. Besides 0.43 lakh other farmers were eligible for relief of Rs.84.57 crore as at the close of the scheme.

Fresh loans are being issued to the benefi ciaries of the Debt Waiver scheme from 01.07.08. Rs.283.19 crore has been provided covering 97357 accounts.

Other InitiativesThe Bank is participating in Rural Training Centre, Karaikudi, Tamil Nadu (jointly with IOB and NABARD) and Andhra Pradesh Bankers’ Institute of Rural & Entrepreneurship Development -APBIRED, Hyderabad (jointly with Government of Andhra Pradesh, and four other Banks). These two training institutes offer wide range of skill oriented training programmes with a focus on rural population.

As a step towards getting closer to the rural people, a Trust by name “Indian Bank Trust for Rural Development’’ (IBTRD) has been established with a corpus fund of Rs.10 crore from the Bank with the objective of undertaking various developmental activities in rural areas.

Under the umbrella of this trust, the Bank has established a Financial Literacy and Credit Counseling (FLCC) centre at Dharmapuri on 13.01.2009 and at Puducherry on 28.03.2009.

24

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5. {ejm F$U 1695.90

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9. AÝ` 1743.70

Hw$b 9664.14


25

The Bank has also established RUDSETI Model Training institutes named as “Indian Bank Self Employment Training Institute (IND SETI) at Salem on 25.03.2009 and at Puducherry on 28.03.2009 for providing training to rural youth.

Lead Bank

Besides State Level Lead Bank responsibility in the Union Territory of Puducherry, the Bank holds lead responsibility in 13 districts (10 in Tamil Nadu, 1 in Kerala 2 in Andhra Pradesh) for coordinating the efforts of all credit institutions in the allotted districts/UT to increase the fl ow of credit to priority sector.

With respect to achievement under “Annual Credit Plan 2008-09”, our Lead Districts have registered 70% as at the end of Dec 2008. During the same period, the Bank in above Lead Districts have registered an achievement of 80%. For the year 2009-10, our Lead Districts have already launched the District Credit Plans, with a total projection of Rs.22,075.20 crore, with an increase of 17.43% over the 2008-09 Plan.

FOREX BUSINESSThe Bank handled forex business turnover of Rs. 23,588 crore during the year. Of this, export and other inward remittances amounted to Rs. 10,905 crore while imports and other outward remittances amounted to Rs. 12,683 crore. 92 Branches are authorized to handle forex business, of which 68 branches are provided with SWIFT connectivity. The Bank has correspondent arrangements with 190 banks in 69 countries.

348 branches are authorized to handle Foreign Currency Non-Resident (FCNR) Accounts. Non Resident Indian (NRI) Deposits as on March 31, 2009 amounted to Rs.3,242 crore.

Towards facilitating remittance facility for NRI community worldwide, the Bank has two products named “Xpress Money” and “Money Gram”. This is in addition to the existing channels available for remittance to India in the form of DD drawing arrangements with 3 prominent Exchange Houses in the Middle East, internet based “IndRemit” platform for NRIs in U.S.A and Speed Remit from Singapore besides normal SWIFT based Money Transfer.

CREDIT FLOW TO SMALL AND MEDIUM ENTERPRISES (SME)

• The Bank achieved Rs.5,471 crore as on 31.03.2009 and registered year-on-year growth of 25.62%.

• SME CPUs have been established at 9 key centres at Chennai, Mumbai, Kolkata, New Delhi, Ahmedabad, Bangalore, Pune, Coimbatore and Kanchipuram for quick and quality appraisal of SME proposals.

• Fifty nine General Banking Branches across the country have been identifi ed for conversion into Specialised

SME Branches for focused attention and growth of SME portfolio and approval for the same from RBI has also been obtained. Two Specialised SME Branches are already functioning in Peenya Industrial Estate, Bangalore and Coimbatore.

• Central Consultancy Cell has been set up at HO: SMEDD to study the developments in Industrial and Govt. initiated projects in different areas of the country and to provide vital feed back to Circle Offi ces.

• The revised Restructuring Policy for SME borrowers has been implemented and the Bank restructured 1934 SME units and the amount involved in these accounts was Rs.388.36 crore.

• During the year the Bank has launched two new structured loan products under SME viz., IB Caterers and IB Tours & Travels to assist the SME service sector units in Catering and Travel services.

PERSONAL SEGMENT LOANS

During the year, the Bank kept on its focus on Personal Segment Loans. The Bank has a Retail Banking Centre at each of its 28 Circle Offi ces for processing and sanctioning of Personal Segment Loans. Personal loans consist mainly of Home Loans, Automobile Loans, Personal Loans, Education Loans, Rent Encash, Ind Mortgage, Reverse Mortgage and loans against fi nancial securities like Deposits / NSCs. As of 31.03.2009, Home Loans constituted 53% of the total Personal Segment Loans.

During the year, fresh disbursements in Personal Segment Loans amounted to Rs. 4,040.64 Crore. The total amount outstanding under Personal Segment Loans stood at Rs.9,664.14 Crore at the end of March 2009 (Rs. 7,860.25 Crore in the previous year), registering a growth of 22.95%. The year-on-year growth registered under Home Loan during 2008-09 amounted to Rs.989.70 Crore (24.10%).

The segment wise exposure is given below: (Rs. in Crore)

S.No Product Exposureas on 31.03.09

1 Home Loan 5096.58

2 Automobile 220.20

3 Consumer Loan 12.99

4 Personal Loan 441.25

5 Education Loan 1695.90

6 Rentencash 206.59

7 Indmortgage 244.14

8 Reverse Mortgage 2.79

9 Others 1743.70

Total 9664.14

26

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godmE§ n«XmZ H$aVo h¢& g§nXm n«~§YZ godmAm| Ho$ AYrZ, J«mhH$m| H$mo Amdí`H$ {dËVr`

Am`moOZmE§ ~ZmZo, Omo CZHo$ Omo{I_ Jy§OmB©e, OrdZ bú`, H¡$e âbmo Ed§ {Zdoe

gr_m na AmYm[aV h¡ Am¡a J«mhH$ nmoQ©> \$mo{b`m| H$mo {Z`{_V {ZarjU Am¡a nwZ… g§VwbZ

^r h¡& S>ãë`yE_Eg EH$ Cƒ d¡`pŠVH$ godm h¡, Ohm± na J«mhH$ g§nH©$ n«~§YH$m| Ed§

g§nXm n«~§YH$m| H$s EH$ g_{n©V Xb h_oem EMEZAmB© Ho$ J«mhH$m| go CZHo$ {dËVr`

Amdí`H$VmAm| hoVw g§nH©$ H$aVo h¡& nmB©boQ> I§S> Ho$ _§O~yVr H$aU Ho$ ~mX, 2009 Ho$

A§V VH$, Bg godm H$mo j_Vm`wŠV Ho$ÝX«m| _| ^r ì`m{nV H$aZo H$m {dMma H$a aho h¡&

{S>nm°{OQ>ar n«{V^mJr godmE§

22.05.2006 H$mo ewé H$s JB© {S>nm°{OQ>ar n«{V^mJr godmE§ 31.03.2009 VH$ 300emImAm| Ûmam H$s JB© h¡& ~¢H$ H$m B§S> ~¢H$ _M|©Q> ~¢qH$J g{d©goO {b{_Qo>S> Ho$ gmW

JR>~§YZ h¡ {OgHo$ O[aò J«mhH$ Am°ZbmB©Z Qó>qS>J H$a gH$Vo h¢ Am¡a bl ;kstuk ds

lkFk lkFk vius hmopëS¨>J - B§Q>aZoQ> ~¢qH$J Ho$ O[aE n«má H$a gH$Vo h¢&

Am{ñV JwUdËVm n«~§YZ

{ddoH$nyU© Omo{I_ n«~§YZ Ho$ gmW JwUdËVm go `wŠV AmpñV`m| na Ü`mZ XoZo go ~¢H$ H$s

JwUdËVm ~‹T> J`r& EZnrE n«~§YZ Ho$ AYrZ ~¢H$ Zo _mZH$ AmpñV`m| H$m EZnrE g§dJ©

_| [agmd H$mo amoH$Zo na Ü`mZ {X`m& Bg g§~§Y _| {d{eï> {Z{X©ï> ImVm| H$mo nhMmZH$a,

_m°ZrQ>a H$aVo hþE ~¢H$ Zo g_` na H$ma©dmB© H$s&

• {dËVr` df© 2008-09 ds nkSjku Hkh CkSad us ,uih, olwyh izca/ku esa

mRRke dk;Z{ZînmXu n’kkZuk tkjh j[kkA

• ~¢H$ Zo é.457.10 H$amoS> Ho$ Hw$b gmd©^m¡{_H$ dgybr H$s& Bg_| go é.340.41

H$amoS> Am` H$m `moJXmZ h¡&

• ~¢H$ ~m{YV AmpñV`m| _| nSo> hþE énò H$s dgybr H$aZo _| g{H«$` Wm&

• ~¢H$ Zo n«má g^r Cnm`m| H$mo O¡go bmoH$ AXmbV, S>rAmaQ>r,

EgEAmaE\$EB©EgAmB© ckrphr ls {ZnQ>mZ, EAmagr H$mo n[agn§pËV H$s

{~H«$s Am{X H$m n«^mdr ê$n go EZnrE Ho$ g_mYmZ hoVw Cn`moJ fd;k&

• ~XbVo hþE AY©ì`dñWm Ho$ _ÔoZOa, dgybr Zr{V ~Xb nh xbZ vkSj QzaV

vkfQl A{YH$m[a`m| H$mo dgybr {ZînmXZ H$mo {ZnQ>mZo hoVw gwJ«mhr ~Zm {X`m

J`m h¡&

• bKw F$U EZnrE ds eqnns dk lek/kku djus gsrq nks yk[k :i;s rd

ds y?kq _.k ,uih, ds fy, vksVh,l uhfr dk dk;kZUo;u fd;k

x;kA

• ~¢H$ Ho$ gH$b EZnrE Ed§ {Zdb EZnrE ds vuqikr dks egRoiw.kZ :i

ls de fd;k x;k vkSj ;g m|ksx esa loksZîd`îV {ZînmXZ esa ls ,d

jgkA

Omo{I_ n«~§YZ

~¢H$ Zo Omo{I_ n«~§YZ g§aMZm esa Hkkjrh; fjtoZ cSad ds fn’kkfunsZ’kksa dk ikyu

fd;k gSA cSad us 31.03.2008 go ~ogb II dk vuqorZu fd;k gSA cSad us

Hkkjrh; fjtoZ cSad ds }kjk lq>k;s x;s vuqlkj ~ogb II Ho$ AYrZ mUur

n`fîVdks.k dh rjQ vkxs c<us ds fy, le; lwph dks cuk;s j[kus dk

iz;kl fd;k gSA


27

Tie-up Arrangements

During the year, a tie-up was made with Tata Motors for fi nancing their Cars, including latest Nano Car Booking Financing. A tie-up was also made with Reliance Capital AMC for distribution of Reliance Mutual Fund products.

Bancassurance and Mutual Fund Business

The Bank has Corporate Agency Agreement with United India Insurance Co. Ltd. (UIICO) to provide insurance cover for the assets mortgaged to the Bank. Besides, the Bank has Corporate Agency Agreement with HDFC Standard Life for life insurance apart from Distribution Agreement with UTI AMC and Reliance AMC for their mutual funds.

Bank has “Arogya Raksha” Scheme in conjunction with UIICO for providing group cover for its customers for health insurance.

Product specifi c life cover is made available by way of group cover from LIC for borrowers under Mortgage related products and Educational Loans.

OTHER FINANCIAL PRODUCTS

IB Swarna Mudra Scheme

The Bank is in to the sale of Gold Coins and Bars since 24.03.2006. These products are available in 2g, 4g, 5g, 8g, 10g, 20g, 50g coins/bars currently at 1198 branches. Buoyed by the response, the Point of Sale branches were increased from 886 as of 31.03.2008 to 1198 as of 31.03.2009.

Credit Card

The Credit Card of the Bank viz. IB Global Card and Bharat Card for the common man with many insurance features launched on 30.01.2006 and 24.03.2006 respectively is being pursued aggressively. The Cards and related services are priced competitively along with lower interest rate/insurance cover/cash back reward points, etc. Bharat Card meets the aspirations of common man and benefi ts the large lower income group population. Both the cards are well accepted by the segments for which these are issued.

Wealth Management Services

The Bank launched Wealth Management Services (WMS) on 7th February 2009 on a pilot basis in Chennai. Under this, the Bank offers Financial Advisory Services to High Networth Individuals (HNI) clients. Wealth Management Services involve structuring of suitable fi nancial plans for customers, depending upon their risk tolerance, life goals, cash fl ows and investment horizon and also includes regular monitoring and rebalancing of the client’s portfolios. WMS is a highly personalised service, wherein a dedicated team

of Client Relationship Managers and Wealth Managers interact regularly with HNI customers for all their fi nancial needs. Upon stabilisation of the pilot phase, the Services are envisaged to be rolled out to other potential centres, later in 2009.

Depository Participant Services

The Depository Participant Services launched on 22.05.2006 are being offered through 300 branches as on 31.03.2009. The Bank has a tie up with Indbank Merchant Banking Services Limited for on-line trading facility for the customers who can also have access through internet banking to view their holdings.

ASSET QUALITY MANAGEMENT

Consistent focus on quality assets along with prudent risk management has improved the Bank’s asset quality. Under NPA Management, the Bank focused on arresting the slippages of standard assets to NPA category. In this regard, the Bank took timely action, by identifying and monitoring the Special Mention Accounts.

• Bank continued the good performance in NPA Recovery Management during the Financial Year 2008-09 as well.

• Bank achieved an aggregate Global Recovery of Rs. 457.10 crore.

Of which, Contribution to Income was Rs 340.41 crore.

• Bank has been proactive in recovering the money staked in Stressed Assets.

• All the fora available for the Bank, like Lok Adalat, DRT, SARFAESI, Negotiated Settlement, Sale of assets to ARCs have been effectively used for resolution of NPAs.

• In tune with the emerging scenario of the economy, the Recovery Policy was refi ned further and front offi cers sensitized for scaling up recovery performance further.

• OTS policy for small loans NPAs upto Rs 2.00 lakh was implemented to address the issue of small loan NPAs.

• Bank’s Gross NPA and Net NPA ratios have been signifi cantly brought down and they are one of the best in the industry.

RISK MANAGEMENT

The Bank has complied with the guidelines of the Reserve Bank of India on creation of Risk Management architecture. The Bank is BASEL II compliant w.e.f 31.03.2008. Bank has geared up to maintain time schedule for moving towards advanced approaches under BASEL II as suggested by RBI.

28

CÚ_dma gj_ Omo{I_ n«~§YZ hoVw EH$ ñdV§Ì Omo{I_ n«~§YZ {d^mJ H$m`©aV h¡&

Omo{I_ n«~§YZ {ZåZm§{H$V VrZ Cƒ g{_{V`m| Ho$ Ûmam {H$`m OmVm h¡

(i) F$U Omo{I_ n«~§YZ g{_{V (grAmaE_gr)

(ii) ifjlaifRr ,oa nsr;k izca/kd lfefr ¼,,ylhvks½ vkSj

(iii) ifjpkyu tksf[ke izca/ku lfefr ¼vkjvkj,elh½

ò g{_{V`m§ ~moS©> H$s Omo{I_ n«~§YZ g{_{V / ~moS©> Ûmam AZw_mo{XV g§nyU© {Xem{ZX}em|

Ed§ Zr{V`m| Ho$ VhV H$m`© H$aVr h¡&

~¢H$ Zo Omo{I_ n«~§YZ hoVw {d{dY Zr{V`m§ ~ZmB© h¡& CÚ_dma Omo{I_ H$s g_rjm

H$aZo Ed§ ~¢H$ Ho$ g^r Omo{I_m| H$mo EH$sH¥$V H$aZo Ho$ bú` go EH$sH¥$V Omo{I_ n«~§YZ

Zr{V cukbZ xbZ h¡& F$U Omo{I_ Zr{V, AmpñV Xo`Vm n«~§YZ Zr{V, n[aMmbZmË_H$

Omo{I_ n«~§YZ Zr{V H$mamo~ma {Za§VaVm `moOZm {d{Ob ãbmoà Zr{V, H$mnm}aoQ> JdZ}§g

na Zr{V Am{X Ho$ _w»` Omo{I_ Zr{V`m§ h¡&

`h Omo{I_ n«~YZ n«Umbr Ama§{^H$ ñVa na Omo{I_ H$s nhMmZ Ed§ g_rjm djus,

{ddoH$nyU© gr_m ñWm{nV H$aZo Ed§ {ZJamZr aIZo VWm ~XbVo hþE Omo{I_ dmVmdaU

H$m gm_Zm H$aZo Ho$ {bE CZH$m n«~§Y H$aZo Ho$ {bE V¡`ma dh xbZ h¡& F$U JwUdËVm

Ho$ _yë`m§H$Z H$ms gw{ZpíMV H$aZo hoVw gm°âVosà go MbZo dmbm _yë`m§H$Z V§Ì ñWm{nV

fd;k x;k h¡& n«doe ñra dh _yë`m§H$Z n«Umbr dh LFkkiuk Hkh dh xbZ gSA

nwZarjU n«~§YZ g{_{V F$U nwZarjU ra= ,oa _.k ys[kk ijh{kk dk;ksZa dh

vkof/kd :i ls leh{kk djrh gS( blds A{V[aŠV _mZH$ AmpñV {ZJamZr g{_{V

_mZH$ AmpñV`m| H$mo J¡a-{ZînmXH$ AmpñV`m| _| {\$gbZo go ~MmZo Ho$ {bE g_` na

H$ma©dmB© ewé H$amZo hoVw {deof C„oI ImVm| H$s g_rjm H$aVr h¡&

VabVm Omo{I_ H$m n«~§YZ ‛′X¡{ZH$ AmYma na g§aMZmË_H$ VabVm Ho$ AÜ``Z Ho$

O[aE n«~§YZ {H$`m OmVm h¡, {Ol ij {Z{Y Ed§ {Zdoe g{_{V _| MMm© H$s Om ahr h¡

,oa ,,ylhvks }kjk fuxjkuh EEbgrAmo Ûmam {ZJamZr H$s Om ahr _m{gH$ ã`mO

Xa g§doXH$ {dda{U`m| Ho$ O[aE H$s OmVr h¡& _Ü` H$m`m©b` Omo{I_ n«~§YZ {d^mJ,

IOmZm boZXoZ _m{ZQ>g© H$mo ñdV§Ì ê$n go [anmoQ©> H$aVr h¡& n[aMmbZmË_H$ Omo{I_ H$m

n«~§YZ n[aMmbZmË_H$ Omo{I_ n«Umbr H$mo X¡Z§{XZ n«~§YZ n«{H«$`m{d{Y _| EH$sH¥$V

H$aZo Ed§ {d{^ÝZ Omo{I_ {ZdmaU aUZr{V`m| H$mo AnZmZo Ho$ Ûmam {H$`m OmVm h¡&

{ddY CËnmX/ n«{H«$`m Ho$ Omo{I_ ds X¥{ï>H$moU H$m ZµOXrH$s go {díbofU {H$`m OmVm

h¡& F$U Omo{I_, VabVm Omo{I_ ã`mO Xa / {d{Z_` Xa Omo{I_ hoVw g_`-g_`

na ñQó>g narjU {H$`m OmVm h¡&

Am§V[aH$ ny±Or n`m©áVm _yë`m§H$Z n«{H«$`m (AmB©grEEnr) na Zr{V ykxw dh xbZ h¡

{Oggo ñV§^ II Ho$ AYrZ frekgh vk/kkj ij igpkus x;s foof/k íksîk tksf[keksa

ds fy, cSad igpku / _mn djrk gS / iwath dk vkoaVu djrk gS AY©dm{f©H$

AmYma na nwZar{jV {H$`m OmVm h¡ Am¡a n[a`moOZm H$mamo~ma pñW{V Ho$ AmYma na

AJbo VrZ gmb Ho$ {bE _yë`m§H$Z ^r {X`m OmVm h¡&

~ogb II- ñV§^ 3 ~mOma AZwemgZ na ^maVr` [aµOd© ~¢H$ Ho$ {Xe{ZX}em| Ho$

AZwnmbZmW©, ~¢H$ Zo ~moS©> Ûmam hmb hr _| AZw_mo{XZ n«H$Q>rH$aU Zr{V ykxw tkrh

h¡ Am¡a Zr{V Ho$ AZwgma {V_mhr / AY©dm{f©H$ $ / dm{f©H$ Vm¡a na H$s OmZo okys

n«H$Q>rH$aU ~¢H$ Ho$ do~gmBQ> / dm{f©H$ [anmoQ©> _| fn, tkrs h¡&

_mZd g§gmYZ n«~§YZ

Vrd« n«{VñnYm©Ë_H$ CÚmoJ g§aMZm Ed§ CgHo$ n[aUm_ ñdê$n u;h cktkj xfr’khyrk

nksuksa gm°âQ> Ed§ hmS©> XjVmvksa esa fujarj Kku lao/kZu ds tfj;s ekuo lalk/ku

lacaf/kr dk;Z dks vko’;d cukrh gSA cSad ,d nh?kZ dkfyd ekuo lalk/ku

ifj;kstuk ds fuekZ.k ds fy, dMZ~Õ h¡ {Oggo ha H$_©Mmar H$s j_Vm, hH$ Ed§

J[a_m H$mo nhMmZH$a EH$ AZwHy$b H$m`© dmVmdaU ~Zm`m OmE&

_mZd epŠV pñW{V

31.03.2009 H$mo ~¢H$ _| _mZd epŠV H$s pñW{V {ZåZ{b{IV h¡ …

g§dJ© Hw$b AO AOOm nwéf _{hbm

A{YH$mar 7755 1280 451 7061 694

{b{nH$ 9145 2170 236 6328 2817

g~-ñQ>m\$ 3014 1073 133 3005 9

Hw$b 19914 4523 820 16394 3520

^Vu Ed§ nXmoÝZ{V

mRrjkf/kdkj vk;kstuk ds ,d Hkkx ds :i esa cSad esa HkrhZ ,oa inksUufr dk

mnns~’; cSad dh Hkkfo o`f) ,oa foLrkj ij vk/kkfjr gSA HkrhZ dh izfdz;k

u;k tks’k ykus ds fy, rFkk vkxkeh dkjksckjh vko’;drkvksa ds vuq:i

dk;Zdykiksa ds lHkh {ks= esa {kerk ,oa fuiq.krkvksa esa ifjorZu ykus ds fy,

Hkh dh tkrh gSA cSad ds nh?kZ vof/k ekuo’kfDr dks jksd j[kus ds fy,

lHkh LVkQ lnL;ksa dks dSfj;j izxfr dk izLrko fd;k x;kA eh?kz ifjorZu

ehy dkjksckj vko’;drkvksa ds vuq:i cSad 700 fyfidh; LVkQ dh HkrhZ

djus dk izLrko gS

{d{dY n[aMm{bV joÌksa _| CËH$f©rk n«má H$aZo Ho$ {bE dV©_mZ _mZd j_Vm H$mo g_PZo

Ed§ {Z`wŠV H$aZo Ho$ {bE, ~¢H$ Zo nhbo ~ma Am°ZbmBZ Anaogb {gñQ>_′′ ewé dh h¡

Am¡a {ddY Ho$S>am| Ho$ nXmoÝZ{V Am°Z bmBZ Qo>ñQ> Ho$ Ûmam g§nÝZ gqbZ & `h n«{H«$`m ~¢H$

Ho$ Ûmam {dH${gV H$s JB© ‛′BZ hmCg gm°âQ²²>doà′′ Ho$ Ûmam laiUu gks x;k&

vtk / vttk deZpkfj;ksa gsrq dY;k.kdkjh mik;gaH$ma ds {Xem{ZX}em| Ho$ AZwgma, lh/kh HkrhZ vkSj vkarfjd inksUufr;ka] HkrhZ iwoZ

,oa inksUufr iwoZ izfe{k.k vtk /vttk deZpkfj;ksa dks fn;k tkrk gSA


29

An independent Risk Management department is functioning for effective risk management enterprise wide. Risk is managed through following three Apex committees viz.,

(i) Credit Risk Management Committee (CRMC)

(ii) Asset and Liability Management Committee (ALCO) and

(iii) Operational Risk Management Committee(ORMC)

These committees work within the overall guidelines and policies approved by the Risk Management Committee of the Board / Board.

The Bank has put in place various policies to manage the risk. To analyse the risk enterprisewide and with the objective of integrating all the risks of the Bank Integrated Risk Management Policy has also been put in place. The important risk policies comprise of Credit Risk Policy, Asset and Liability Management Policy, Operational Risk Management Policy, Business Continuity Planning, Whistle Blower Policy and Policy on Corporate Governance.

The risk management systems are in place to identify and analyse the risks at the early stage, set and maintain prudential limits and manage them to face the changing risk environment. Software driven rating mechanism is in place to confi rm the rating to ensure credit quality. An entry level scoring system is also put in place.

Loan Review Management Committee reviews the Loan Review Mechanism and Credit Audit functions periodically. In addition, Standard Assets Monitoring Committee reviews the Special Mention Accounts to initiate timely action to prevent slippage of standard assets to non-performing assets.

The liquidity risk is managed through studying structural liquidity on a daily basis, which is being discussed in the Funds and Investments Committee and reviewed every month by ALCO .The interest rate risk is managed through monthly interest rate sensitivity statements monitored by ALCO. The mid offi ce, directly reporting to Risk Management Department, monitors treasury transactions independently. Operational risk is managed by integrating the operational risk management systems into day to day management processes and adopting various risk mitigating strategies. The risk perception in various products / procedures is critically analysed. Stress tests are conducted periodically for the credit risk, liquidity risk and interest rate/exchange rate risk.

Policy on Internal Capital Adequacy Assessment Process (ICAAP) is put in place whereby the Bank identifi es/measures and allocates Capital for various residual risks identifi ed under Pillar II on quarterly basis and is reviewed by the Board half yearly. The CRAR position of the Bank is reviewed by the

Board on a half yearly basis and assessment for the next three years is also provided based on projected business position.

In compliance with the Reserve Bank of India guidelines on Basel II – Pillar 3 – Market Discipline, the Bank has put in place a Disclosure Policy duly approved by the Board and the disclosures on Quarterly / Half-yearly / Annual basis as per the policy are made in the Bank’s Website / Annual Report.

HUMAN RESOURCES MANAGEMENT

An intensely competitive Industry Structure and the resultant new market dynamism necessitate leveraging HR through constant upgradation of knowledge both in soft and hard skills. Bank is committed to a long term HR Plan for creation of a congenial working environment duly recognizing the talents, rights and dignity of each employee.

Manpower Position

The position of manpower in the Bank as on 31.03.2009 is as follows:

CATEGORY TOTAL SC ST MALE FEMALE

OFFICERS 7755 1280 451 7061 694

CLERKS 9145 2170 236 6328 2817

SUB STAFF 3014 1073 133 3005 9

TOTAL 19914 4523 820 16394 3520

Recruitment and Promotion

As a part of succession planning, recruitment and promotion in the Bank are aimed at the future growth and expansion of the Bank. Process of Recruitment is carried out periodically to inject fresh blood and also to infuse variety in skills and talents in all fi elds of activities to suit emerging business needs. In tandem with the long term man-power planning process of the Bank, for retaining talented man-power, career progression was offered to all members of staff. Bank proposes to recruit 700 clerical staff to align with the fast changing business needs.

To identify and deploy the existing Human Potential to achieve excellence in varied operational areas, the Bank has for the fi rst time put in place an “On-line Appraisal System” and promotions to various cadres are effected through On-line Tests. The process has been set in motion through an “In-House Software” developed by the Bank.

Welfare Measures For SC/ST Employees

As per Government guidelines, during the process of Direct Recruitment and Internal Promotions, Pre-recruitment and Pre-promotion trainings are offered to SC/ST employees.

30

Ì¡_m{gH$ ~¡R>H|$ vk;ksftr dh xbZ ,oa tks Hkh f’kdk;rsa Fkh mlh le; mUgsa

lqy>k;k x;k& h H$j AOm / AOOm H$_©Mm[a`m| H$s {eH$m`Vm| / Aä`mdoXZm| H$m

erK« {ZnQ>mZ ^r gw{ZpíMV H$aVm h¡& _hm n«~§YH$ Ho$ a¢H$ _| EH$ _w»` g§nH©$ A{YH$mar

H$mo ^r Bg n«`moOZmW© Zm{_V {H$`m J`m h¡&

XjVm H$m CÝZ`Z

~¢H$ Ho$ n«{ejU ~w{Z`mXr gw{dYmAm| _| ñQ>m°\$ H$mo n«{ejU n«XmZ Ho$ {bE MoÝZ¡ _| o`f)

,oa mRdfkZ gsrq bafM;u cSad izca/ku vdkneh uked ,d vR;k/kqfud izfe{k.k

dkWyst xfBr fd;s x;s gSa] tgka ij LVkQ ,oa vf/kdkjh viuh n{krk dk

mUu;u dj ldrs gSaA

~¢H$ Ûmam ~ZmB© JB© ‘B© boqu©J’’ ij ,d Lopkfyr gm°âQos>à gksLV dh x;h gS

ftls LVkWQ/vf/kdkjh fofHkUu fof;ksa ij iqLrdky; ls ijs laiw.kZ izf’k{k.k

dk izca/ku ,oa fofHkUu fof;ksa ij Kku vtZu dj ldrs gSaA

Am¡Úmo{JH$ g§~§Y

cSad dk mPp izca/ku deZpkjh ;wfu;u] vf/kdkjh vlksfl,’ku ds usrkvksa ls

ckrphr djrk gS mudh izfrfdz;k ldkjkRed gS] ftlds QyLo:i ofZ

ds nkSjku okafNr o`f) gqbZ ,oa vkS|ksfxd laca/k lkSgknZiw.kZ jgsA

EgEnr

;g lfdz; ,pvkj gm°âQ>doà Om ~¢H$ Ûmam n«`moJ fd;k tk jgk h¡ ] g^r _§S>bm|

/ emImAm| H$mo _mZd g§gmYZ H$m`m|© dk lek/kku djus gsrq MkVk iqu% izkIr

djus esa rFkk fuckZ/k lsok iznku djus esa vR;ar mi;ksxh jgk gSA inksUufr]

ñQ>m°\$ Ho$ Am°Z ykbu ^{dî` {Z{Y F$U {dVaU O¡go _hËdnyU© joÌm| esa Hkh ,l,ih

dks ,d fu.kZ; leFkZu flLVe ds :i izHkkoh iz;ksx fd;k tkrk gSA

laiw.kZ dk;Zny dks izkS|ksfxdh; mUufr iznku ds ,d mik; ds :i esa rFkk

,pvkj lacaf/kr eqn~nksa dk dkxt jfgr lalk/ku dk y{; izkIr djus vkSj

ekxZLFk le; dks de djus gsrq> BaQ´mZoQ> ds }kjk ekuo lalk/ku izca/ku ds

fy, ,d O;kid osclkbV gksLV fd;k x;k gSA

ñQ>m\$ H$ë`mU Cnm`

~¢H$ H$s Ho$ÝX«r` H$ë`mU g{_{V Zo {dÚ_mZ ñQ>m\$ H$ë`mU `moOZmAm| _| mYys[kuh;

lq/kkj yk;k gSA ~¢H$ Zo 45 df© ls A{YH$ vk;q Ho$ H$_©Mm[a`m| Ho$ {bE EH$ _mñQ>a

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{H$;m h¡ Am¡a XmoZm| H$moS>, Xe©H$m| H$s OmZH$mar Ho$ {bE hemar do~gmBQ> www.indianbank.in e| nmoQ>© {H$; J;m h¡&


31

Periodical Quarterly Meetings are conducted and grievances if any are resolved then and there. The Cell also ensures prompt disposal of grievances/representations of SC/ST employees. A Chief Liaison Offi cer in the rank of General Manager is nominated for this purpose.

Upgradation Of Skills

The Bank’s training infrastructure constitutes the State-of-the art Training College by name “Indian Bank Management Academy for Growth and Excellence” and 8 Staff Training Centres across the country enabling the staff and the offi cers to upgrade their skills.

An automatic software on “e-learning” enabling the staff / offi cers to manage their entire training from off-the-shelf library on various topics and to gain knowledge in various fi elds is hosted by the Bank.

Industrial Relations

The Top Management of the Bank interacts with leaders of Employees’ Unions, Offi cers’ Associations and their response is positive resulting in desired growth and harmonious industrial relations during the year.

SAP

This robust HR Software being put in use by the Bank has been immensely useful in the retrieval of data and providing uninterrupted service to all Circles/Branches addressing all HR functionalities. SAP is also effectively used as a decision support system in critical areas like promotion, On-line PF Loan disbursal to staff etc. As a measure of extending technological advancement to the entire workforce and in aiming to achieve a paperless processing of HR related issues and reducing the transit time, a cohesive website for Human Resources Management through intranet has been hosted.

Staff Welfare Measures

The Central Welfare Committee of the Bank has made notable improvements to the existing welfare schemes for the employees. Bank has introduced a master heath check-up for employees above 45 years of age and also introduced a comprehensive mediclaim policy to the retired employees by providing a cover of Rs. 1.00 Lakh.

The SC/ST cell functioning at HRM Department ensures prompt disposal of grievances/representations of SC/ST employees under the guidance of a Chief Liaison offi cer in the rank of General Manager.

House Magazine

To build up an effective two way communication which is vital for the organisation and to share knowledge, gauge

progress, know limitations, learn from failures, solve problems, innovate and support, the Bank publishes quarterly house journal ‘IND IMAGE’. HRM Department has launched a House Magazine – “HR Active-it is” from September 2008 onwards.

Visit of Parliamentary Committees

The following Parliamentary Committees had arrived during the year 2008-09 for which the Bank acted as the Nodal Agency.

1. Parliamentary Committee (Rajya Sabha) on Subordinate Legislation to Udagamandalam from 24.05.2008 to 30.05.2008.

2. Parliamentary Committee on Subordinate Legislation to Chennai from 01.07.2008 to 03.07.2008.

3. Parliamentary Committee on Subordinate Legislation (Rajya Sabha) to Puducherry and Chennai from 14.09.2008 to 19.09.2008.

Apart from the above the following Parliamentary Committees had arrived during the year 2008-09 for which the Bank is one of the participating organizations.

1. Parliamentary Committee on Industry to Chennai from 01.06.2008 to 04.06.2008.

2. Parliamentary Committee on Personnel Public Grievances, Law and Justice to Chennai from 22.06.2008 to 24.06.2008.

3. National Commission for Safai Karamcharis to Chennai from 21.08.2008 to 25.08.2008.

4. Parliamentary Standing Committee on Industry to Chennai from 29.09.2008 to 01.10.2008.

CUSTOMER SERVICE

Customer Service and redressal of complaints/ grievances continued to receive the highest focus during the year too. With a systematised complaint/ grievance redressal mechanism in the Bank, branches were sensitised on the importance of customer service and were also directed to strengthen the Branch level customer service committee by including customers, preferably senior citizens. With a view to motivating the Bank’s front line staff members, they were advised to attend to customers’ requirements across the counter, promptly and with personal care. A session on customer service has been included in the various training programmes conducted by Staff College (IMAGE) and other training centers of the Bank.

Being a member of Banking Codes and Standards Board of India (BCSBI), we have made a commitment to our customers that we would act fairly and reasonably in all our dealings

32

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33

with them and would ensure that our dealings with the customers rest on ethical principles of integrity and transparency.

We have also adopted the Code of Bank’s Commitment to Micro and Small Enterprises and given a commitment for providing speedy and effi cient credit service delivery.

Customers of the Bank are provided with a copy of the Code of Bank’s Commitment to customers and both the Codes are also ported in our website www.indianbank.in for information to viewers.

For the fi rst time in the history of the Bank, a pension adalat was conducted by the Bank in Chennai covering all branches in Chennai city, which was well received by the pensioners. Also fi rst time in the history of the Bank, a Pension Grievance Desk was established during December 2008 and January 2009, immediately after implementation of VI Pay Commission with an exclusive toll free number between 7.00 am and 7.00 pm to attend to more than 1000 pensioners during the above period. Pensioners have appreciated the efforts taken by Bank for senior citizens. Centralised Pension Processing Centre established covering PAN INDIA for affording credit to all the pensioners and to give instantaneous effect of revision in dearness and other relief.

The following measures were also initiated during the period for the benefi t of customers:

• Utility bill payment made easier under tie up with AP Online for the customers of the Bank in Andhra Pradesh.

• Payment of electricity bills of TNEB for customers of Chennai through net-banking.

• Electronic disbursement of scholarship for AP government for students.

• Electronic transfer of funds to the benefi ciary’s account under AP Govt. Scheme “Indiramma Housing Scheme” for poor.

• Coin vending machines established in religious places.

• E- payment facility extended to OLTAS customers, Guruvayur Devoswom.

To ensure that customers derive the benefi t of usage of electronic payments and to create awareness FAQs on RTGS, NEFT, ECS have been placed on Bank’s website. The transactions under RTGS and NEFT have improved substantially. In case of NEFT, the growth was 664% and in RTGS, the growth was 270%. The target set for NEFT outward transactions has been surpassed.

• Soiled note exchange melas conducted in many places

• Tied up with number of private, public, foreign banks for correspondent banking arrangements.

• Enlisted corporates for Cash Management System ‘Plus’ arrangements.

Customers Meet arranged at 701 branches during the year and most of the suggestions emanated from the survey conducted by the Bank were implemented.

Customer Satisfaction Surveys

Surveys have been conducted by Customer Service Cell on the directions of Customer Service Committee of the Board and also by IMAGE on the directions of the Governing Body of the Bank. More than 76% of the customers have given Excellent/ Very Good rating on our services.

IBA on the directions of their Managing Committee, conducted a survey through M/s Gallup India (P) Ltd., in 53 member banks. Customers rated the Bank FIRST in Retail Banking and SECOND in Savings Account.

Right to Information (RTI) ActA separate desk attached to customer service cell is handling the requests and appeals received by the Bank under the RTI Act. Since the inception, the Bank is adopting a single window approach which has been suggested by Parliamentary Committee on implementation of RTI Act.

The Bank received 965 applications and 146 Appeals under RTI Act during the period 2008-09. All the applications were disposed of within the stipulated time frame.

INTERNATIONAL OPERATIONSThe Bank has two foreign branches located at Singapore and Colombo. Total Deposits and Advances (gross) of the overseas branches as on 31.03.2009 was Rs.2,923 crore and Rs.2,969 crore respectively.

Singapore branch, established in 1941, has carved a niche in offering a variety of banking services using the latest technology and enjoys enormous goodwill and customer loyalty. The branch is presently maintaining its business in two accounting units, Domestic Banking Unit (DBU) for Singapore Dollar business and Asian Currency Unit (ACU) for business in currencies other than Singapore Dollar.

Colombo branch, established in the year 1932, has active market presence extending trade fi nance. The Foreign Currency Banking Unit (FCBU), Colombo is engaged in off-shore banking operations.

34

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flLVse n«W_ Aä`mg {ÛVr` Aä`mg

H$moa ~¢qH$J g_mYmZ VWm B§Q>aZoQ> ~¢qH$J 14.08.2008 25.01.2009

^maVr` [aµOd© ~¢H$ Ûmam AmaQ>rOrEg, EZS>rEg, grE\$E_Eg

08.11.2008 .......

EQ>rE_ 29.09.2008 25.01.2009

J«mhH$ Ho$ ykHkkFkZ H$m`©H$bmnm| H$m Ho$ÝX«rH$aU

EQ>rE_ godm Ho$ÝX« … boIm g_mYmZ, ys[kkdj.k VWm EQ>rE_ boZXoZ Ho$ laca/k _|

J«mhH$m| H$s {eH$m`Vm| H$m {ZdmaU djus Ho$ {bE dsUnzhd`r EQ>rE_ godm Ho$ÝX« H$s

ñWmnZm H$s JB©&

dsUnzhd`r n|eZ g§gmYZ … dsUnzhd`r n|eZ g_mYmZ g\$bVmnyd©H$ H$m`m©pÝdV {H$`m

J`m h¡&

dsUnzhd`r O_m g§gmYZ Ho$ÝX« … ImVm ImobZo, ImVm {ddaU Omar H$aZo ,MoH$ ~wH$

Omar H$aZo Am{X Ho$ AmdoXZ nÌm| H$mo g§gm{YV H$aZo hoVw MoÝZ¡, ~|Jbya, {X„r VWm _w§~B©

_§S>bm| _| {deofrH¥$V emImAm| H$s ñWmnZm dh xbZ&

dsUnzhd`r lek’kks/ku n[aMmbZ … OmdH$ lek’kks/ku n[aMmbZ g^r godm emIm

LFkkuksa _| dsUnzhd`r fd;k J`m h¡& MoÝZ¡ Am¡a {X„r _| ‛′BZ hmD$g′′ gmWâQ>doà H$m

n«`moJ H$aVo hþE lek’kks/ku n[aMmbZksa dks dsUnzhd`r {H$`m J`m h¡&

Q>r~rgr So>Q>m H$m dsUnzhd`r LVksjst … HkwriwoZ Vhchlh So>Q>m H$mo Amoam{H$b VWm

dsUnzhd`r LVksjst _| n[ad{V©V djus Ho$ {bE ‛′BZ hmD$g′′ izksxzke fodflr {H$`m

J`m h¡& emImvko§ Ûmam ImVm {ddaU iztfur H$aZo VWm S>mD$ZbmoS> H$aZo Ho$ {bE do~

AmYm[aV gmâQ>doà Hkh fodflr {H$`m J`m h¡&

EQ>rE_ … (Am°Q>mo_oQo>S> Qo>ba _erZm|)

• 755 EQ>rE_m| (205 Am°\$gmBQ> EQ>rE_m| g{hV) n«MmbZ _| h¡& Am°Z bmBZ

EQ>rE_ Ho$ boZXoZ hoVw g^r EQ>rE_ vkil esa tqMs gSa¡&

• ñd`§ godm g_yhm| (EgEMOr) Ho$ {bE 24X7 godmE± ~‹T>mZo hoVw 22~`mo_o{Q´>H$ EQ>rE_ [kksys x,& ~¢H$ Ûmam n«d{V©V g§`wŠV ImVm YmaH$m| Ûmam

EQ>rE_ ifjpkyu loZizFke izofrZr fd;k x;k] ftl ls Lo;a lsok

lewgksa ds fy, 24 K§Qo> EQ>rE_ godm,a n«XmZ dh tk ldsa&

• 2008-09 Ho$ Xm¡amZ n«`moŠVm dk ekxZn’kZu djus Ho$ {bE EQ>rE_m| _|

dm`g B§Q>a\o$g H$m n«mdYmZ {H$`m J`m h¡&

• 26.44 bmI Ho$ _sñQ´>mo ~«mÊSsM> H$mS>m}§ g{hV ~¢H$ Ho$ EQ>rE_ H$mS©>-~og 31.72bmI h¡&


35

INFORMATION & COMMUNICATION TECHNOLOGYIT plays the part of an enabler in the true sense of the word in today’s market conditions and facilitates organizations to stay ahead in a highly competitive environment. Technology savvy service providers are better placed in providing quality customer service and retain customer loyalty. Technology empowers operational effi ciency. By leveraging Technology a mosaic of products could be introduced to meet the Banking requirements of different segments of banking public.

Various IT initiatives were taken by the Bank during 2008-09 keeping in view the need to be competitive and to meet the requirements of existing as well as potential customers of the organization.

Core Banking Solution

• All the 1642 branches and 66 Extension counters in India are now on CBS.

• Both the overseas branches at Singapore & Colombo have been connected to CBS network.

• Bank has adopted versatile approach for ensuring uninterrupted connectivity like Leased line with ISDN Back-up, VSATs. , GPRS etc.

• CBS implemented in 62 administrative offi ces (including departments in Head Offi ce, Circle offi ces, IMAGE, STCs, Inspection Centers, Stationery Departments, etc.).

• All the 28 Circle Offi ces and IMAGE have Video Conferencing facility.

Services available to customers under CBS • Roaming Account Facility – Through Multicity cheques &

‘Sweep’ facility.

• Cash Management Services.

• Inward remittance facility in all CBS branches through ‘Moneygram’ ‘Xpressmoney’ etc.

• E-payment for Central Excise collection; Payment of Customs Duty, Service Tax through Internet Banking.

• Depository Services made available at 300 branches at select centres.

• Interbank remittance facility through RTGS, National Electronic Funds Transfer.

• Payment of fees / charges to Registrar of Companies.

• IND CORP NET BANKING (Corporate Internet Banking) facility extended to corporate customers.

Live data replication is done between Data Centre and Disaster Recovery Site. The connectivity as well as the hardware provided to DR site has been upgraded so as to have link redundancy as well as equipment redundancy.

Disaster Recovery (DR) DrillIn accordance with RBI guidelines, Disaster Recovery drills for the critical system have been conducted two times in the period 2008-09 as per details below:

System Ist Drill 2nd DrillCore Banking Solution & Internet Banking

14.08.2008 25.01.2009

RTGS, NDS, CFMS by RBI 08.11.2008 -----

ATM 29.09.2008 25.01.2009

Centralization of Activities for customer benefi t

ATM Service Centre: Centralized ATM Service centre established to take care of reconciliation, accounting and redress customer grievances regarding ATM transactions.

Centralized Pension Processing: Centralized Pension Processing successfully implemented.

Centralized Deposit Processing Centres: Specialized branches established at Chennai, Bangalore, Delhi and Mumbai Circles for processing of applications for opening of accounts, issue of statement of accounts, issue of cheque books, etc.

Centralized clearing operations: Outward clearing operations have been Centralized in all Service Branch locations. Inward clearing Operations have been centralized in Chennai and Delhi using “in house” software.

Centralized Storage of TBC data: “In house” program has been developed for conversion of erstwhile TBC data into Oracle & centralized storage. Web-based software has also been developed for generation & downloading of Statement of Account by branches.

ATMs:(Automated Teller Machines) • 755 ATMs (Including 205 offsite ATMs) are in operation. All

ATMs are interconnected for online ATM transactions.

• 22 biometric ATMs opened for extending 24x7 services to Self Help Groups (SHG). ATM operations by Joint Account holders introduced fi rst by the bank, enabling round the clock ATM services for SHGs.

• Voice interface provided in ATMs installed during 2008-2009 guiding the user.

• ATM card-base of the Bank is 31.72 lakh including ‘Maestro’ branded cards of 26.44 lakh.

36

• A§Vam©ï´>r` Vm¡a na _mñQ>a H$mS©> ~«mÊSsM {~H«$s ßdmB§S> VfeZuyksa _| _sñQ´>mo H$mS>m}§

dk n«`moJ {H$`m Om gH$Vm h¡&

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gH$Vm h¡&

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• Q>rEZBZ~r Ho$ BbopŠQ´>fgQ>r {~b n«^ma H$s dgybr 04.01.2009 go B§Q>aZoQ>

Ûmam H$aZo H$s ì`dñWm H$s JB© h¡&

vU; igy

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nhMmZ fd, x, nm§M ~¢H$m| _| go gekjk cSad EH$ h¡¡& E_grE Ûmam ~¢H$ dh

17 emImAm| H$mo ewëH$ dgybr Ho$ {bE nhMmZm J`m h¡&

• B§Q>aZoQ> ~¢qH$J godmAmoa H$m n«`moJ H$aVo hþE J«mhH$m| Ûmam ‛′Enr Am°Z bmBZ

Ûmam {dÚwV {~b, Ob H$a, g§npËV H$a, ì`mnma bmBg|g, EbAmB©gr

n«r{_`_ Am{X Ho$ ^wJVmZ Ho$ {bE ~¢H$ H$mo n«m{YH¥$V {H$`m J`m h¡&

• n«YmZ H$m`m©b`…AmaQ>rOrEg H$j _| gm_mÝ` JoQ>do gd©a ñWm{nV H$s JB© h¡

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gmW OmoS> {X`m J`m h¡& g^r B§Q>a ~¢H$ gwì`dpñWV _w»` ^wJVmZ n«Umbr

(,lvkbZih,l) vfIyds’ku Ho$ {bE `h gm_mÝ` JoQ>do h¡ Omo ^maVr`

[aµOd© ~¢H$ Ûmam {dH${gV {H$`m J`m h¡&

• {ZåZ{b{IV A§Va ~¢H$ vfIyds’ku O¡go ZoJmo{eòQo>S> S>rqb½g go{Q>b_|Q>

{gñQ>_ (EZS>rEg), fj;y Q>mB_ J«m°g go{Q>b_|Q> n«Umbr (AmaQ>rOrEg)

ñ>Q´DMS©> {\$ZmpÝe`b _ogoqOJ gë`yeZ (EgE\$E_Eg), goÝQ´>bmBgS> \§$S>

_¡ZoO_|Q> {gñQ>_ (grE\$E_Eg), H$mobmQ>abBµOS> ~mamoBªJ EÊS> b|qS>J

Am°~{bJoeZ (gr~rEbAmo) Eg S>ãë`y {dXoer ~mQ©>a n«MmbZ Ho$ {bE

E\$EŠg pŠbà, ZoeZb BboŠQ>m°{ZH$ \§$S> Q>m§g\$a (EZBZE\$Q>r), Am°ZbmBZ

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BZ EŠg¡g Ed§ g{d©g Q¡>Šg (BEEgAmBBEgQ>r) g^r {Z{X©ï> emImAm| _|

H$m`m©pÝdV H$s JB© h¡&

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• BboŠQ´>m{ZH$ So>Q>m B§Q>aM|O(bZMhvkbZ) … hm~©a emIm VWm MoÝZ¡ g_wÝXa gr_m ewëH$ Ho$ ~rM (Am`mV ewëH$ H$m ^wJVmZ VWm Am`mV H$a dmngr aH$_ H$mforj.k) VWm nmoQ©> Q´>ñQ> MoÝZ¡ VWm hm~©a emIm Ho$ ~rM BboŠQ´>m{ZH$ So>Q>m B§Q>aM|O H$s ì`dñWm H$s JB© h¡ Am¡a BgH$m H$m`m©Ýd`Z g\$bVmnyd©H$ hmo ahm h¡& h¡Xam~mX BZb¡ÊS> H$ÝQ¡>Za {S>nmo, H$mo{ƒZ EànmoQ©>, EoànmoQ©> MoÝZ¡ VWm {demInQ>Z_ nmoQ©> Q´>ñQ> _| ^r gr_m ewëH$ H$s dgybr Ho$ {bE BZS>rAmB© H$m H$m`m©d`Z {H$`m J`m h¡¡&

• MoH$ Q´§>Ho$eZ `moOZm … ikbyV> AmYma na ~¢H$ Zo MoH$ Q´§>Ho$eZ n«Umbr H$mo EZgrAma {X„r _| H$m`m©pÝdV {H$`m h¡& EZgrAma _| g^r cSad grQ>rEg _| ^mJ bo aho h¢& EZgrAma _| g^r 53 emImE§ grQ>rEg _| ^mJ bo jgh h¢&

• gyMZm {dH$sU©Z Ho$ {bE Q>M ñH«$sZ {H$`moñH$ … ~¢H$ Zo J«mhH$m|/OZVm Ho$ {bE gyMZm {dH$sU©Z hoVw 7 emImAm| _| {Û^m{fH$ {dH$ën Ho$ gmW Q>M ñH«$sZ {H$`moñH$ g§ñWm{nV fd;s h¢&

• é.10 bmI Am¡a Cggo Á`mXm F$U AmdoXZ nÌm| Ho$ {bE do~ AmYm[aV ‛′F$U AmdoXZ nÌ H$s pñW{V′′ nyN>VmN> VWm Odm~ H$s gw{dYm n«ma§^ dhxbZ h¡&

gyMZm n«Umbr gwajm

• ,d AbJ gyMZm n«Umbr gwajm {d^mJ H$s ñWmnZm H$s JB© h¡&

• H$moa ~¢qH$J g_mYmZ gmâQ>doà Ho$ AmB©Eg boIm narjm, ~¢H$ Ho$ B§Q>aZoQ> ~¢qH$J VWm EQ>rE_ ZoQ>dH©$ H$s g§aMZm ~mh²` A{^H$aU _ogg© nbm{S>`moZ ZoQ>dH©$g n«mBdoQ> {b{_Qo>S> Ûmam dh xbZ h¡&

• fujUrj vk/kkj na H$åß`yQ>a gwajm H$s XoIaoI Ho$ {bE {Xem {ZX}e Omar fd, x,&

• 24 x 7 x 365 AmYma na {dÚ_mZ VWm n«ñVm{dV gwajm CnH$aUm| H$m AZwdrjU H$aZo Ho$ {bE n«YmZ H$m`m©b` … Q>rE_S>r _| gwajm ifjMmbZHo$ÝX« (EgAmogr) H$s ñWmnZm H$s JB© h¡& Bg `moOZm Ho$ VhV \$mà dmb, ZoQ>dH©$ BÝQ¯>eZ amoH$ n«Umbr (EZAmB©nrEg), hmoñQ> B§ÝQ¯>eZ {S>Qo>ŠeZ n«Umbr (EMAmB©S>rEg) H$mo grS>rgr VWm S>r Ama gmBQ> _| {dñV¥V _mÌm _| n«`moJ {H$`m J`m h¡&

• AmpñV Am¡a n¡M n«~§YZ g_mYmZ H$m H$m`m©Ýd`Z … CÚ_ì`mih gwajm ifj`moOZm Ho$ EH$ A§e Ho$ ê$n _| AmpñV Am¡a n¡M n«~§YZ g_mYmZ H$m`m©pÝdV h¡ {Oggo Amdí`H$ n«MmbZ n«Umbr n¡Mm| H$mo n«Mwa _mÌm _| n«`moJ H$aVo hþE H$åß`yQ>a hmS©>dmà/ AmpñV`m| H$m nhMmZ, Q´>mH$ AZwajU {H$`m Om gH$Vm


37

• The Maestro cards can be used in the Mastercard branded Point of Sale terminals internationally.

• All the Maestro, Cirrus and MasterCard branded cards can be used in the ATMs for balance enquiry and cash withdrawal.

• More than 32000 ATM are available to the customers Consortium arrangements with other banks.

• Collection of fees for Vellore Institute of Technology (VIT), Ramakrishna College, Coimbatore and GRD Matriculation School, Coimbatore; booking of air tickets for Kingfi sher Airlines and booking of railway tickets through IRCTC are enabled through the ATM by using the Bank’s ATM card / Debit card.

• ATM installed at 45 Railway Stations, of which ATM with Kiosk(for online reservation of train tickets) installed at 32 Railway Stations.

• Collection of Electricity Bill charges of TNEB through internet enabled from 04/01/2009.

Other initiatives

• GPRS (General Packet Radio Service) channel used for connecting of online ATM. 29 offsite ATM locations are connected through GPRS. GPRS channel is provided as backup connectivity for leased line in lieu of ISDN / PSTN (wired channel) at 64 branches.

• The Bank has implemented “FinDNA” - software developed by M/s. TCS Ltd as an upgrade to the CBS software, for AML monitoring. As of now, AML implemented in 1571 CBS branches and it will be extended to other CBS branches shortly.

• The Bank is one of the 5 banks identifi ed to implement MCA21 programme for Ministry of Company Affairs. 17 Branches of the Bank have been identifi ed by MCA for collection of fees.

• The Bank has been authorized by ‘AP Online’ for payment of Electricity Bills, Water Tax, Property Tax, Trade License, LIC premia, etc., by the customers using Internet Banking services.

• Common Gateway Server established at the HO RTGS Cell and connected to INFINET through both leased line and VSAT. This is the common gateway for all inter-bank, Systemically Important Payment System (SIPS) applications developed by Reserve Bank of India.

• The following interbank applications like Negotiated Dealings Settlement System (NDS),Real Time Gross

Settlement System (RTGS),Structured Financial Messaging Solution (SFMS),Centralised Funds Management System (CFMS),Collateralised Borrowing and Lending Obligations (CBLO) SW , FXClear for Foreign Exchange operations, National Electronic Funds Transfer (NEFT) ,On-line Tax Accounting System (OLTAS), Electronic Accounting System in Excise and Service Tax (EASIEST), implemented in all designated branches.

• Electronic Clearing Service ECS both debit and credit enabled in all CBS branches.

• Electronic Data Interchange (EDI): EDI between Harbour branch and Chennai Sea Customs (for payment of import duty and disbursement of duty drawback amounts) and between Port Trust Chennai (for payment of shippers’ charges) and Harbour branch have been implemented and running successfully. EDI also implemented with Hyderabad Inland Container Depot, Cochin Airport, Airport Chennai and Visakhapatnam Port Trust for collection of customs duty.

• Cheque Truncation Project: The Bank has implemented Cheque Truncation System in NCR Delhi on pilot basis. All the Banks in NCR are participating in CTS. All the 53 branches in NCR are participating in CTS.

• Touch Screen Kiosks for Information Dissemination: Bank has installed Touch Screen Kiosk with bi-lingual option on pilot basis at 7 branches for dissemination of information to the customers / public.

• Web based “Loan application status” query and response facility introduced for loan applications of Rs.10 lakh and above.

Information Systems Security

• Separate Information Systems Security Department has been established.

• IS audit of Core Banking Solutions software, Network infrastructure of the Bank, Internet Banking and ATM network has been done by external agency M/s Paladion Networks P Ltd.

• Guidelines issued to observe Computer Security on on-going basis.

• Security Operation Center (SOC) housed at HO: TMD for monitoring of all the existing and proposed security devices on a 24x7x365 basis. Under this project Firewalls, Network Intrusion Prevention System (NIPS), Host Intrusion Detection System (HIDS) have been deployed in CDC and DR site.

38

h¡& Bg g_mYmZ H$m n«`moJ H$aZo Ho$ {bE eaMy dk;kZy;ksa esa gd©am| H$mo [abo IokbaV>Ho$ ê$n _| g§ñWm{nV fd;k x;k h¡ Omo _§S>b dh ha EH$ emIm Ho$ {bE ZoQ>dH©$ A{^{~ÝXwVm IokbaV> h¡&

n«~§YZ gyMZm n«Umbr

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dk {dMma h¡&

Am§V[aH$ {Z`§ÌU

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(vkjch,l) dsUnzksa esa _.k izLrkoksa dh Lohd`fr/ fuiVku esa eh?kz xfr ykus

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39

• Implementation of Asset and Patch Management Solution: As part of the enterprisewide security project, the Asset and Patch Management Solution is being implemented, through which the computer hardware / assets can be identifi ed, tracked and maintained by deploying the necessary operating system patches. For deploying this solution, servers have been installed in the Circle Offi ces as relay points being the network convergence point for the branches in each of the circles.

MANAGEMENT INFORMATION SYSTEMTo derive full benefi t of automation through 100% Core Banking Solution, the M I S Department has been providing various reports/data for furnishing to different agencies and departments. Further, valuable information is being provided for decision making process. Internally the MIS acts to relieve the various tiers from preparation of data. Ultimately the accent is to push applications further and maximize fruits of technology.

INTERNAL CONTROLS

During the year, Risk Based Internal Audit was carried out in 1304 branches. In addition 1760 Information Systems Audit and 1646 ATM Audit was carried out, as some branches were subjected to two or more I S Audit/ATM audit. Credit audit covering 376 accounts and Revenue audit covering all branches with credit exposure of Rs. 2 crore and above were carried out. Management audit of 28 Circle Offi ces, 3 subsidiaries and various departments at Head Offi ce were completed. Time Management Audit of credit proposals handled in all Circle offi ces / Retail Banking Segment (RBS) centres for better turnaround time in sanction / disposal of credit proposals, was carried out. Information Systems (IS) Audit of Information & Communication Technology (ICT) infrastructure – CBS application suite, Data Centre and CBS Project offi ce was carried out by an external audit fi rm.

CONSTRUCTION OF NEW HEAD OFFICE BUILDING AT ROYAPETTAH, CHENNAI

The Bank proposes to construct a modern Hi-Tech Offi ce building in the land owned by it at Royapettah, Chennai, to meet the requirements of its growing business. The foundation stone for the new building was laid by Shri. P. Chidambaram, Union Home Minister on 9th July 2008, in the presence of the Chairman and Managing Director, Shri. M.S. Sundara Rajan and Executive Director, Shri. A. Subramanian, distinguished guests and valuable customers of the Bank.

The new building is designed for a builtup area of 1.85 lakh sq.ft having Basement+Ground+3 upper fl oors. The building is also designed to have 2 additional upper fl oors in future.

COMPLIANCE FUNCTION IN THE BANKThe Bank has Compliance Policy duly approved by the Board. In accordance with the Reserve Bank of India guidelines, an independent Compliance Department headed by a Deputy General Manager has been set up in the Bank. The Department monitors adherence to various statutory and regulatory guidelines governing the Bank’s functioning:

• Various legislations such as Banking Regulation Act, Reserve Bank of India Act, Foreign Exchange Management Act, Prevention of Money Laundering Act etc.

• Regulatory guidelines issued by Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Agency (IRDA) etc.

• Voluntary standards and codes prescribed by industry Associations such as Indian Banks’ Association (IBA), Banking Codes and Standards Board of India (BCSBI), Foreign Exchange Dealers’ Association of India (FEDAI), Fixed Income Money Market Dealers Association (FIMMDA) etc. and

• The Bank’s internal policies, codes of conduct, guidelines etc. issued by way of Circulars, manuals etc.

VIGILANCE

A well structured vigilance system is in place and is functioning in a proactive manner in disposing of all vigilance cases in line with the Central Vigilance Commission’s guidelines.

During the year, Vigilance Inspection was carried out in 75 identifi ed Branches. A team from the Central Vigilance Commission conducted a Vigilance Audit of the Bank during the third quarter of the Financial Year. Vigilance Awareness Week was observed from 3rd November 2008 to 7th November 2008. An exclusive in-house training programme was held for Disciplinary Authorities and Inquiring Authorities / Presenting Offi cers during the year. The Bank also brought out a video presentation on ‘Mock Inquiry’, as an educative tool covering various aspects of holding a domestic inquiry.

In the area of preventive vigilance, the Bank, through its quarterly News Letter ‘Ind-Chetana’ and ‘Preventive Vigilance Awareness Series’ Circulars, shared with all the members of staff in the organization, the details of adverse incidents that took place in the branches, so as to inculcate preventive measures against recurrence of frauds.

SECURITY

The Bank has a well established security mechanism synergized with the operational risk management system. Modern security system has been put in place, to protect Bank’s assets including personnel, information and property. Unobtrusive security systems installed in the branches have made them more and more customer friendly and welcoming.

40

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41

Training and motivation of human resource to improve security awareness have been regularly implemented.

IMPLEMENTATION OF OFFICIAL LANGUAGE

The Bank is actively implementing Offi cial Language based on the Offi cial Language Act 1963 and Rules 1976. Offi cial Language is implemented as per the Annual Programme issued by the Ministry of Home Affairs, Government of India and guidelines issued from time to time by the Ministry of Finance and the Reserve Bank of India.

In keeping with the Bank’s objective of ‘Taking Banking Technology to the Common Man’ the facility of Hindi in CBS has been provided and entries in Hindi in Pass Book have been made possible. The Facility of Hindi screens has been made available in ATMs also. Touch screen material is made available in Hindi which gives information about various products of the Bank. All computers of the Bank have the facility of word processing in Hindi.

Special emphasis is continued to be given by the Bank to train staff members through workshops. Hindi workshops are also conducted at various Circle Offi ces. The fi rst spoken Hindi workshop was conducted at Head Offi ce on 18.03.2009. Hindi website is available alongwith Home Page in Hindi. Hindi section has been made available in Bank’s intranet.

The external inspection on Implementation of OL Policies at Head Offi ce done on 02.03.2009 by the Ministry of Finance.Government of India appreciated the initiatives taken by the Bank in promoting use of Hindi in Bank’s offi cial work.

Bilingual CBS Software: The Bank is the fi rst Bank to implement bilingual facility in CBS branches whereby branches can view all CBS screens in Hindi. They can print SB Pass Books and account statements in Hindi.

CORPORATE SOCIAL RESPONSIBILITY

Voluntary Blood Donation

The Bank sponsored 3740 blood donors during the year 2008-09 by organizing 29 blood donation camps. The Bank was awarded as Best Donor Organisation by the Tamilnadu State AIDS Control Society on National Voluntary Blood Donation Day and the award was presented by His Excellency Shri Surjith Singh Barnala, the Governor of Tamilnadu.

Health Camp

Medical Camp was organized to check body fat and visceral fat, BMI & BMR during June 2008 and 450 persons benefi ted at the camp.

Eye Screening Camp

Free Eye Screening Camp was organized for the school children and senior citizens through Venkatapuram branch, Kannigaiper and Periapalayam wherein 900 people were screened for various eye problems and 160 senior citizens were treated for cataract Surgery.

Social Responsibility

Shri M S Sundara Rajan, Chairman & Managing Director, Indian Bank donated uniforms to the Children of Seva Chakra Orphanage who are totally destitute. The Bank has also donated 2 computers to the orphanage in order to facilitate the children to have technical computer knowledge.

Uniforms, Note Books, Stationery items, Fans etc. were donated to 2 needy organizations viz., SEERS – an organization working for uplifting street children and Corporation School, Chindatripet, Chennai by the Employees service movement by name called ‘CONCERN’.

Achievement in Sports

Indian Bank is a familiar name in Indian Sports. It has teams in 9 disciplines like athletics, basketball, carrom, chess, cricket, football, hockey, table tennis, and volleyball. There are 100 active sportspersons out of which more than 25 represented the country in junior/senior international competitions. The Bank has a recruitment policy to recruit talented sports persons and also a promotion policy to promote the achievers in the national and international events.

The Bank’s Athletic team won 5 Gold Medals in the 81st Senior State Athletic Championship 2008 held at Tirunelveli on 17th and 18th of May 2008. The team also won 4 Bronze Medals in the 48th National Interstate Senior Athletic Championship 2008 held at Madurai from 15th to 18th June 2008. The Bank’s players represented the Tamil Nadu State in the National Basketball Championship held at Surat from 31.12.2008 to 07.01.2009, Indo-Srilanka Carrom Test Series at Colombo, Indo – UK Test Series held at London, 12th SAARC Carrom Championship at Srilanka and C S Sharma Memorial International Rating Chess Tournament at Delhi from 22nd to 29th March 2009.

SUBSIDIARIES & REGIONAL RURAL BANKS

Subsidiaries

The Bank has three Subsidiaries viz., Ind Bank Merchant Banking Services Ltd., Ind Bank Housing Ltd., and Indfund Management Ltd.

42

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nwañH$ma Ed§ AdmS©>

• B§{S>`Z ~¢H$ H$mo 2007-08 Ho$ ~¢H$ Ho$ {ZînmXZ Ho$ AmYma na Xoe _| CËH¥$ï> amï´>r`H¥$V ~¢H$ Z§.1 Ho$ ê$n _| {X {\$ZmpÝg`b BŠgn«og′′ Ûmam XOm© Xr JB© h¡& `h _yë`m§H$Z nm±M _w»` n¡am_rQ>a O¡go j_Vm Ed§ X¥TVm, {dH$mg, bm^n«XVm, gj_Vm VWm F$U JwUdËVm Ho$ {ks=ksa esa ~¢H$ Ho$ {ZînmXZ na AmYm[aV h¡& 2006-07 _| {ÛVr` go n«W_ ñVa VH$ XOm© dk gwYma gqvk h¡&

• ~¢H$a n{ÌH$m Ho$ gmW ~«mÊS> {dËV ih,ylh Ûmam fd;s x, AÜ``Z Ho$ AmYma na B§{S>`Z ~¢H$ Hkh CZ 19 ~¢H$m|/{dËVr` g§ñWmvksa _| EH$ h¡ Omo 2009 esa Cƒ 500 {dídì`mnr {dËVr` ~«mÊS>m|| esa h¡&

• B§{S>`Z ~¢H$ \$mo~©g 2000-2009 (1659 dt ñWmZ na) H$s gyMr _| h¡&

• ~«mÊS> B{DoQ>r Ho$ AË`§V {dídgZr` ~«mÊS>m| 2008 gd}jU (BH$moZmo{_H Q>mBåg BaQo>{bO|g Jy«n Am¡a Egr ZrbgZ AmoaAmaOr E_EAmaOr) _| ~¢H$ H$mo Z§.1 X{jU AmYm[aV godm ~«mÊS> Ho$ ê$n _| XOm© Xr J`r h¡& X{jU AmYm[aV godm ~«mÊS>m| _| ~¢H$ us AnZr n«W_ OJh H$mo bJmVma 5 osa df© Ho$ {bE H$m`_ aIm h¡&

• B§{S>`Z ~¢H$ H$mo ñQ>mÝSo>S©> Am¡a nwAa ‛′A§Vam©ï´>r` aoqQ>J A{^H$aU Ûmam ~r~r~r (-) XrKm©d{Y VWm E-3 bKw Ad{Y dkmaVj ikVhZ jsfVax iznku fd;k tkuk ~¢H$ dh EH$ _w»` CnbpãY h¡& ;g jsfVax gmooarZ aoqQ>J Ho$ g_mZ h¡& A{^H$aU Ho$ _yë`m§H$Z Ho$ AZwgma B§{S>`Z ~¢H$ na aoqQ>J, ~¢H$ Ho$ loð> ny§OrH$aU, n`m©á AO©Z VWm gwIX ZH$Xr VWm {ZYr`Z n«mo\$mBb H$mo n«{V{~på~V H$aVr h¡&

• B§{S>`Z ~¢H$ H$mo ~¢qH$J goŠQ>ma _| nwXwƒoar Am¡a Ymamdr _| CgH$s

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• V{_bZmSw> _| 2006-07 df© Ho$ Xm¡amZ Zm~mS©> Ûmam EgEMOr ~¢H$ qbHo$O H$m`©H«$_ Ho$ VhV CRre> {ZînmXZ Ho$ {bE n«W_ nwañH$ma n«XmZ {H$`m J`m& AdmS©> _| EH$ erëS> VWm {gQo>eZ Wm&

• V{_bZmSw> _| CRre> {ZînmXZ okys dm{UpÁ`H$ ~¢H$m| Ho$ {bE EgEMtr&cSad qbHo$O H$m`©H«$_ Ho$ VhV 2006-2007 Ho$ {bE n«W_ VrZ nwañH$ma H«$_e… C{gb_nQ²>Q>r emIm (_Xwa¡ _§S>b), {VénËVya emIm (dobya _§S>b) VWm Zoh: ZJa emIm (_Xwa¡ _§S>b) dks n«XmZ {H$`m fd, x,&

• ha df© Zm~mS©> Ûmam ha amÁ` go EH$ CRre {ZînmXZ okys {H$gmZ Šb~ M`{ZV {H$ s OmVs h¡& 2006-07 df© Ho$ {bE ~¢H$ Ûmam n«m`mo{OV Xmo Šb~ksa us] EH$ V{_bZmSw> go (dmgrZJa {H$gmZ Šb~) VWm Xygam Am§Y« n«Xoe (A~wX`m H$f©H$ n[afX {H$gmZ Šb~) Bg n«{V{ð>V AdmS©> H$mo n«má {H$`m& `h AdmS©> _mZZr` Ho$ÝX«r` {dËV _§Ìr lr nr. {MXå~a_ Ûmam MoÝZ¡ _| {XZm§H$ 25.11.2008 H$mo Am`mo{OV ~¡R>H$ _| n«XmZ {H$`m J`m&

• V{_bZmSw> gaH$ma Zo MoÝZ¡ H$mnm}aoeZ _| EgEMOr`m| H$mo [adm°pëd§J \§$S> A{gñQ§>g (n[aH«$m_r {Z{Y ghm`Vm) n«ñVwV H$aZo H$s h_mao ~¢H$ Ho$ `moJXmZ Ho$ gå_mZ _| AdmS©> n«XmZ {H$`m h¡&

• V{_bZmSw> _| 2007-08 df© Ho$ {bE EgEM~r ~¢H$ qbHo$O Ho$ VhV CËH¥$ð> {ZînmXZ Ho$ {bE {XZm§H$ 10.02.2009 H$mo gmd©O{ZH$ CnH«$_ ~¢H$m| Ho$ VhV Zm~mS©> Ûmam n«W_ nwañH$ma n«XmZ {H$`m J`m&

• Bgr Vah Amo{S>gm (^wdZoída), nwZo Am¡a nQ>Zm _| h_mao _mBH«$mogoQ> emImE§ Zm~mS©> go 2007-08 df© Ho$ Xm¡amZ AnZo AnZo amÁ`m| _| EgEMOr b|qS>J Ho$ AYrZ CËH¥$ð> {ZînmXZ Ho$ gå_mZ _| AdmS©> n«má {H$`m h¡&

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df© AmJo

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43

Regional Rural Banks

The Bank has sponsored three RRBs, namely Saptagiri Grameena Bank head quartered at Chittoor, Pallavan Grama Bank head quartered at Salem and Puduvai Bharathiar Grama Bank head quartered at Puducherry.

• Sapthagiri Grameena Bank has 127 branches with a total business of Rs.2,091.76 crore.

• Pallavan Grama Bank has 82 branches with a total business of Rs. 913.71 crore.

• Puduvai Bharathiar Grama Bank, established on 26.03.2008 has 11 branches with a total business of Rs.10.45 crore.

Awards & Accolades • Indian Bank has been ranked by “The Financial Express”

as the BEST NATIONALISED BANK - NUMBER 1 in the country based on the Bank’s performance for 2007-08. This evaluation is based on the performance of the Bank on fi ve major parameters, viz, Strength & Soundness, Growth, profi tability, Effi ciency and Credit Quality. The ranking has been improved from second in 2006-07 to the fi rst position.

• Indian Bank is also one among the 19 Indian Banks/fi nancial institutions which are in the top 500 Global Financial Brands 2009 based on a study made by Brand Finance Plc in Association with the Banker magazine.

• Indian Bank is in the list of Forbes 2000 – 2009 (1659th position).

• The Bank has been rated as the No.1 South Based Service Brand in the Brand Equity’s Most Trusted Brands 2008 survey (conducted by the Economic Times Intelligence Group and AC Nielsen ORG-MARG). The Bank retains the No.1 spot among the South Based Service Brands for the 5th year in succession.

• One important achievement of the Bank was the assigning of BBB(-) long term and A-3 short term counterparty rating by the international rating agency Standard & Poor’s to Indian Bank. The rating assigned to the Bank is the same as Sovereign rating. As per the agency’s assessment “the rating on Indian Bank refl ects the Bank’s sound capitalisation, adequate earnings and comfortable liquidity and funding profi le”.

• The Bank has been conferred with Skoch Challenger Award-2008 for Financial Inclusion for its path breaking fi nancial inclusion initiatives in Puducherry and Dharavi in banking sector. The award is instituted by Skoch

Consultancy Services Private Limited, a premier fi nancial consultancy organisation in India.

• The Bank was awarded First Prize for Excellent Performance under SHG-Bank Linkage Programme by NABARD during the year 2006-07 in Tamil Nadu. The Award carried a shield and a citation.

• The First three Prizes for the Best performing Commercial Bank Branches under SHG -Bank Linkage Programme in Tamilnadu were awarded to Usilamppatti Branch, (Madurai Circle), Tirupathur Branch (Vellore Circle) and Nehru Nagar Branch (Madurai Circle) respectively for the year 2006-07.

• A best performing Farmers’ Club in each state is selected every year for National Award by NABARD. For the year 2006-07, two clubs one in Tamil Nadu (Vasinagar Farmers’ Club ) and another from Andhra Pradesh (Abhudaya Karshak Parishad Farmers’ Club) sponsored by the Bank bagged this prestigious award . The award was given away by Honourable Union Finance Minister Shri P Chidambaram at a meeting held on 08.02.2008 at New Delhi.

• Tamil Nadu Government has granted Award in appreciation of the Bank’s contribution in providing Revolving Fund assistance to SHGs in Chennai Corporation. The award was received by the Chairman and Managing Director from Hon’ble Chief Minister of Tamil Nadu on 25.11.2008 at Chennai.

• In Tamil Nadu, Indian Bank has been awarded the fi rst prize by NABARD, under PSU Banks on 10.02.2009 for the excellent performance under SHG-Bank linkage for 2007-08.

• Similarly, our Microsate Branches in Orissa (Bhubaneswar), Pune and Patna have received awards in recognition of best performance under SHG lending in the respective States during 2007-08, from NABARD.

• The Bank has been awarded 4 Rolling shields by the Madras Voluntary Blood Bank for its highest performance among the institutions for the 18th consecutive year in the state of Tamil Nadu.

YEAR AHEADThe Bank is clearly in a branch expansion mode by opening more than 100 branches during the last 2 years giving equal emphasis on improvement in customer service as well. While we are going ahead with opening more number of branches in different parts of the country during the coming years, our endeavour is to maintain the trust and goodwill the customer/stakeholder is having with us and also enhance the shareholders’ value through volume growth in business and better profi tability.

44

H$mnmo}aoQ> JdZ}Ýg 2008-09 na B§{S>`Z ~¢H$ Ho$ {ZXoeH$ _§S>b H$s [anmoQ©>

1. Ama§^ Am¡a X¥pïH$moU

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2. {ZXoeH$ _§S>b H$s g§aMZm

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31 _mM© 2009 H$mo {ZXoeH$ _§S>b H$m {ddaU {ZåZ n«H$ma h¡…

H«$_m§H$ {ZXoeH$ H$m Zm_ nXZm_ {ZXoeH$ nX H$m ñdê$n {Z`wpŠV H$s VmarI

1. lr E_ Eg gwÝXa amOZ AÜ`j Ed§ n«~§Y {ZXoeH$ H$m`©nmbH$ 04.06.07

2. lr E gw~«_{U`Z H$m`©nmbH$ {ZXoeH$ H$m`©nmbH$ 06.06.07

3. lr E Eg ^Q²>Q>mMm`© H$m`©nmbH$ {ZXoeH$ H$m`©nmbH$ 15.10.08

4. lr Hw$_ma g§O` H¥$îU gaH$mar Zm{_Vr J¡a-H$m`©nmbH$ 13.01.09

5. lr gr Ama JmonmbgwÝXa_ ^m [a ~¢H$ H$m Zm{_Vr J¡a-H$m`©nmbH$ 27.02.07

6. lr Q>r Q>r ZQ>amOZ A{YH$mar H$_©Mmar {ZXoeH$ J¡a-H$m`©nmbH$ 22.11.07

7. lr AemoH$ Jwám H$m_Jma H$_©Mmar {ZXoeH$ J¡a-H$m`©nmbH$ 09.12.04

8. lr nr gwYmH$a aoS²>S>r J¡a gaH$mar {ZXoeH$ J¡a-H$m`©nmbH$ 04.04.06

9. S>m° Or gwYmH$a amd gZXr boImH$ma J¡a-H$m`©nmbH$ 13.10.06

10. lr_Vr gm[a`m ImZ J¡a gaH$mar {ZXoeH$ J¡a-H$m`©nmbH$ 31.01.08

11. lr gr Ho$ a§JZmWZ eoàYmaH$ {ZXoeH$ J¡a-H$m`©nmbH$ 30.06.08

12. n«mo\o$ga ZaoÝX« Hw$_ma AJ«dmb eoàYmaH$ {ZXoeH$ J¡a-H$m`©nmbH$ 30.06.08

eoàYmaH$ {ZXoeH$m| H$mo N>moS>H$a g^r {ZXoeH$ Hkkjr gaH$ma Ûmam {Z`wŠV / Zm{_V {H$ò JE h¢& lr dr Eg g|{Xb Am¡a lr Or MaV MÝX«Z H«$_e… 12 OZdar 2009 Am¡a 31OZdar 2009 VH$ ~¢H$ Ho$ {ZXoeH$ aho&


45

1. Introduction and Philosophy

Corporate Governance in banks assumes importance in view of the critical role of banks in any economy as fi nancial intermediaries, repositories of vast credit-related information and as part of the payments system. The existence of sound Corporate Governance in banking organizations is fundamental to their own sound functioning and to the stability of the banking system as a whole. The Bank consistently endeavours to follow good Corporate Governance practices through transparency, accountability, integrity and professionalism. The Bank remains committed to its responsibilities towards all its stakeholders and is also aware that in order to sustain and grow in the present competitive environment, it needs to meticulously adhere to the Governance norms and adopt the best corporate practices. In order to achieve

REPORT OF THE BOARD OF DIRECTORS OF INDIAN BANKON CORPORATE GOVERNANCE 2008 - 09

this goal, in our Bank, being a Public Sector Bank, the Board of Directors exercise more of supervisory role and individual responsibilities and management are delegated downward to various Executives, who deal with specifi c areas of the affairs of the Bank, so that better and speedy customer service are provided professionally. Such actions are being monitored by the Board at periodical intervals to take corrective and improved measures for further growth.

2. Composition of Board of Directors The Board of Directors comprises of one whole-time Chairman and Managing Director, two whole-time Executive Directors, one Offi cer Employee Director, one Workmen Employee Director besides seven part-time Non-Offi cial Directors (including two Shareholder Directors).

Particulars of Board of Directors as on March 31, 2009 are as under:

No Name of Director Designation Nature of Directorship

Date of Appointment

1 Shri M. S. Sundara Rajan Chairman and Managing Director Executive 04.06.07

2 Shri. A.Subramanian Executive Director Executive 06.06.07

3 Shri. A S Bhattacharya Executive Director Executive 15.10.08

4 Shri Kumar Sanjay Krishna Government Nominee Non-Executive 13.01.09

5 Shri C. R. Gopalasundaram RBI Nominee Non-Executive 27.02.07

6 Shri. T.T.Natarajan Offi cer Employee Director Non-Executive 22.11.07

7 Shri Ashok Gupta Workmen Employee Director Non-Executive 09.12.04

8 Shri P Sudhakar Reddy Non-Offi cial Director Non-Executive 04.04.06

9 Dr. G Sudhakar Rao Chartered Accountant Non-Executive 13.10.06

10 Mrs.Saria Khan Non-Offi cial Director Non-Executive 31.01.08

11 Shri.C K Ranganathan Shareholder Director Non-Executive 30.06.08

12 Prof. Narendra Kumar Agrawal Shareholder Director Non-Executive 30.06.08

All the directors have been appointed / nominated by the Government of India (GOI) except Shareholder Directors. Shri. V. S. Senthil and Shri.G. Charath Chandran were Directors of the Bank upto January 12, 2009 and January 31, 2009, respectively.

46

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47

Profi le of Directors:

Shri. M. S. Sundara Rajan, Chairman & Managing Director, was appointed as Chairman and Managing Director of the Bank on June 04, 2007. He was the Executive Director of the Bank till June 03, 2007. He holds a master’s degree in economics from Madras University and has completed CAIIB. He is also an Associate Member of the Institute of Company Secretaries of India. He has over three decades of experience in the banking sector.

Shri. A Subramanian, Executive Director, was appointed as Executive Director of the Bank on June 06, 2007. He holds a bachelors’ degree in science and has completed CAIIB. He has over thirty years of experience in banking sector and has handled Treasury, International Banking, Investors’ Relation and Corporate Governance besides various other portfolios.

Shri. Anup Sankar Bhattacharya, Executive Director, was appointed as Executive Director of the Bank on October 15, 2008. He has a honours degree in Agricultural Science. He was General Manager in charge of Resources Management and Board Secretariat, served as Regional Manager, Jharkhand Region, CRM of North India Region besides other assignments in United Bank of India before joining Indian Bank.

Shri. Kumar Sanjay Krishna, I.A.S., was nominated by the Government of India to the Board of the Bank on January 13, 2009. He has Master’s degree in Physics. He is the Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India. He had distinguished services as Director, Prime Minister’s Offi ce, New Delhi and Secretary, Government of Assam, Department of Agriculture, Veterinary.

Shri. C R Gopalasundaram, was appointed as the RBI Nominee to the Board on February 27, 2007. He has a master’s degree in Science and holds PG diploma in Bank Management. He has completed CAIIB. He has nearly 38 years of experience in various departments of Reserve Bank of India, in various capacities and at various centres, mainly in the areas of Bank Supervision and Control, Foreign Exchange Management, Organizational Management, Training, etc. He was Chief General Manager and Principal, Bankers Training College, Reserve Bank of India, Mumbai from mid 1999 to mid 2003.

Shri. T T Natarajan, was appointed as the Offi cer Employee Director of the Bank by the Government of India on November 22, 2007. He joined the Bank on May 05, 1974. He has a bachelor’s degree in Commerce and has completed CAIIB. He is the President of All India Indian Bank Offi cers’ Association. Presently, he is a Senior Manager of Mannady Branch of the Bank at Chennai.

Shri. Ashok Gupta, was appointed as the Workmen Employee Director of the Bank by the Government of India on December 09, 2004 and represents workmen employees of the Bank. He joined the Bank on May 07, 1975. He has a bachelor’s degree in commerce from Delhi University. He has been the General Secretary of Indian Bank Employees Union, Delhi since 1977. He is the President of Indian Bank Employees Union, Rajasthan unit; the Secretary of Federation of Indian Bank Employees Union, Chennai and the Vice President of the Delhi State Bank Employees Federation. He is also a member of the general council of the All India Bank Employees Association.

Shri. Ponguleti Sudhakar Reddy, was appointed as a part-time non-offi cial Director of the Bank on April 04, 2006. He has a bachelor’s degree in commerce and a master’s degree in linguistics from Osmania University. He is an agriculturist and social worker. He has been the Chairman of A.P.Tourism Development Corporation. He has been designated as an ‘Ambassador for World Peace’ by the Interreligious and International Federation for World Peace.

Dr. Gundmi Sudhakar Rao, was appointed as a part-time non-offi cial Director of the Bank in the Chartered Accountant category on October 13, 2006. He has a bachelor’s degree in commerce from Mysore University and a bachelor’s degree in law from Bangalore University. He is a Fellow Member of the Institute of the Chartered Accountants of India and has a doctorate in fi nance from the City University, Los Angeles, U.S.A. He has been a member of the expert committee constituted by the Government of Karnataka to assess and advise on the policy of the Government of Karnataka in respect of various revenue matters.

Mrs. Saria Khan, was appointed as a part-time non-offi cial Director of the Bank on January 31, 2008. She is a practicing Advocate hailing from Banswara, Rajasthan. She is an active socialist with focus on development of women and physically challenged.

Shri. C. K. Ranganathan, was elected as the Shareholder Director of the Bank on June 30, 2008. He has a Bachelors degree in Science. He is the Chairman and Managing Director of M/s Cavinkare Private Limited. Presently, he is the Chairman of Confederation of Indian Industries, Tamil Nadu.

Prof. Narendra Kumar Agrawal, was elected as the Shareholder Director of the Bank on June 30, 2008. He holds B.E., MMS degrees and is a Fellow of IIM-A. Presently, he is a Professor in Organizational Behaviour and Human Resources Management which is his area of specialization in Indian Institute of Management, Bangalore. He is a visiting faculty in many foreign Universities.

48

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~mhar boIm narjH$m| Ho$ gmW g§nH©$ H$aZm&


49

The Audit Committee was constituted on October 13, 1995 and its terms of reference include the following:

� Provide direction as also oversee the total audit function of the Bank which impact the organization, operationalization and quality control of internal audit and inspection in the Bank and follow-up on the statutory/external audit of the Bank and inspections of the Reserve Bank of India ;

� Review the internal inspection/audit function in the Bank, with specifi c focus on the follow-up on inter-branch

Details of Attendance of the Directors at the Board Meetings

Name of Director(Sarvashree)

Period Meetings held during the period of their tenure

MeetingsAttended

1. M S Sundara Rajan 01.04.2008 - 31.03.2009 13 13 2. A Subramanian 01.04.2008 - 31.03.2009 13 13 3. A S Bhattacharaya 15.10.2008 - 31.03.2009 7 7 4. V S Senthil 01.04.2008 - 12.01.2009 10 8 5. Kumar Sanjay Krishna 13.01.2009 - 31.03.2009 3 2 6. C R Gopalasundaram 01.04.2008 - 31.03.2009 13 11 7. T T Natarajan 01.04.2008 - 31.03.2009 13 12 8. Ashok Gupta 01.04.2008 - 31.03.2009 13 13 9. G Charath Chandran 01.04.2008 - 31.01.2009 11 1110. P Sudhakar Reddy 01.04.2008 - 31.03.2009 13 1211. Saria Khan 01.04.2008 - 31.03.2009 13 1012. Dr. G Sudhakar Rao 01.04.2008 - 31.03.2009 13 1313. C K Ranganathan 01.07.2008 - 31.03.2009 10 614. Prof. Narendra Kumar Agrawal 01.07.2008 - 31.03.2009 10 6

3. Committees of the Board

The Board has constituted the following Committees which provide specifi c and focused governance in important functional areas and oversee the affairs of the Bank.

Sl.No. Name of the Committeea. Audit Committeeb. Remuneration Committeec. Shareholders’/Investors’ Grievance Committeed. Share Transfer Committeee. Management Committeef. Technology Committeeg. Risk Management Committeeh. Committee to Monitor Large Value Fraudsi. Customer Service Committeej. Committee of Directors (Vigilance)k. Nomination Committeel. Strategic Business Development Committee

a) Audit Committee

adjustment accounts, unreconciled long outstanding entries in Inter-Bank accounts, nostro accounts, arrears in balancing of books at various branches, frauds and house-keeping;

� Review quarterly reports from the compliance offi cers appointed in the Bank and

� Follow-up on all the issues raised in the Long Form Audit Report and interact with the external auditors before the fi nalization of the annual/semi-annual fi nancial accounts and reports.

50

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4. S>m° Or gwYmH$a amd 01.04.2008 - 31.03.2009 1 1


51

In terms of the resolution of the Board of Directors dated November 23, 2006, the scope of reference of the Audit Committee was enhanced to include the following:

• Regular review of accounts, accounting policies, disclosures;

• Review of the major accounting entries based on exercise of judgment by management and review of signifi cant adjustments arising out of audit;

• Qualifi cations in the draft audit report;

• Establishing and reviewing the scope of the independent audit including the observations of the auditors and review of the quarterly, half-yearly and annual fi nancial statements before submission to the Board;

• Post audit discussions with the auditors to ascertain any area of concern;

• Establishing the scope and frequency of internal audit, reviewing the fi ndings of the internal auditors and ensuring the adequacy of internal control systems;

• Compliance with Accounting Standards and Accounting policies of the Bank

• Compliance with stock exchange requirements concerning fi nancial statements, to the extent applicable;

• Oversee related party transactions i.e., transactions of the Bank of material nature, with promoters or management, their subsidiaries or relatives etc., that may have potential confl ict with the interests of the Bank at large; and

• Such other matters as may from time to time be required by any statutory, contractual or other regulatory requirements

Details of Attendance of the Directors at the Audit Committee:



MeetingsAttended

1. Dr. G Sudhakar Rao 01.04.2008 - 31.03.2009 11 112. A Subramanian 01.04.2008 - 31.03.2009 11 113. A S Bhattacharaya 15.10.2008 - 31.03.2009 4 44. V S Senthil 01.04.2008 - 12.01.2009 9 95. Kumar Sanjay Krishna 13.01.2009 - 31.03.2009 2 16. C R Gopalasundaram 01.04.2008 - 31.03.2009 11 107. G Charath Chandran 20.04.2008 - 31.01.2009 9 88. P Sudhakar Reddy 01.04.2008 - 19.04.2008 1 19. C K Ranganathan 20.02.2009 - 31.03.2009 1 1

b) Remuneration Committee:-

The Chairman and Managing Director and Executive Directors are being paid remuneration and reimbursement of travelling and halting expenses as per the rules framed by Government of India in this regard. The part-time Non-Offi cial Directors are not being paid any other remuneration, except Sitting Fees for attending the meetings of the Board / Committee as per the guidelines of Government of India. The remuneration including travelling and halting expenses to part-time Non-Offi cial Directors is being paid as decided by the Central Government in consultation with RBI from time to time in terms of Clause 17 of Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970.

Details of Attendance of the Directors at the Remuneration Committee:



MeetingsAttended

1. V S Senthil 01.04.2008 - 12.01.2009 1 1 2. C R Gopalasundaram 01.04.2008 - 31.03.2009 1 1 3. P Sudhakar Reddy 01.04.2008 - 31.03.2009 1 1 4. Dr. G Sudhakar Rao 01.04.2008 - 31.03.2009 1 1

52

gr) eoàYmaH$m|/{ZdoeH$m| H$s {eH$m`V g{_{V

eoà YmaH$m| VWm {ZdoeH$m| H$s {eH$m`Vm| Ho$ {ZdmaU H$m`© g§^mbZo hoVw 23 Zd§~a 2006 go g{_{V J{R>V H$s JB© Am¡a Bg g{_{V H$m H$m`© {g\©$ eoàm| Ho$ A§VaU, bm^m§e,

dm{f©H$ [anmoQ©> n«má Zht hmous ,oa vkSj fdlh {eH$m`Vm| VH$ gr{_V Zht h¡, ~pëH$ ~¢H$ Ho$ {déÕ {H$gr eoà YmaH$ `m {ZdoeH$ H$k {eH$m`V {ZdmaU H$m`© em{_b h¡&

eoàYmaH$m|/{ZdoeH$m| H$s {eH$m`V g{_{V _| {ZXoeH$m| H$s CnpñW{V Ho$ {ddaU

{ZXoeH$m| H$m Zm_ (gd©lr) Ad{Y CZH$s H$m`mZd{Y Ho$ Xm¡amZ Am`mo{OV

~¡R>H|$

CnpñWV ~¡R>H|$

1. S>m° Or gwYmH$a amd 01.04.2008 - 31.03.2009 4 4

2. E gw~«_{U`Z 01.04.2008 - 31.03.2009 4 4

3. E Eg ^Q²>Q>mMm`© 15.10.2008 - 31.03.2009 2 2

4. Or MaV MÝX«Z 01.04.2008 - 31.01.2009 3 3

5. nr gwYmH$a aoS²>S>r 20.02.2009 - 31.03.2009 0 0

S>r) eoà A§VaU g{_{V

B§§{S>`Z ~¢H$(eoàm| Am¡a ~¡R>H$m|) {d{Z`_Z, 1999, Ho$ {d{Z`_Z g§»`m 2 E Ho$ AZwgma, 13 _mM© 2007 H$mo ~¢H$ H$s eoà A§VaU g{_{V J{R>V H$s JB©& g{_{V ar_oQ>r[a`b¡goeZ

Am{X AZwamoY na {dMma H$aVr h¡&

eoà A§VaU g{_{V _| {ZXoeH$m| H$s CnpñW{V Ho$ {ddaU


~¡R>H|$

CnpñWV ~¡R>H|$

1. E gw~«_{U`Z 01.04.2008 - 31.03.2009 6 6

2. E Eg ^Q²>Q>mMm`© 15.10.2008 - 31.03.2009 5 5

3. Or MaV MÝX«Z 01.04.2008 - 31.01.2009 4 4

4. S>m° Or gwYmH$a amd 01.04.2008 - 31.03.2009 6 6

5. gr Ho$ a§JZmWZ 20.02.2009 - 31.03.2009 1 1

B©) n«~§YZ g{_{V …

n«~§YZ g{_{V H$m JR>Z 8 {gV§~a 1990 H$ms hþAm Wm Am¡a `h ^maVr` [aOd© ~¢H$ H$s gbmh go Ho$ÝX« gaH$ma Ho$ AZw_moXZ Ho$ gmW ~moS©> Ûmam Bgo n«XmZ {H$E JE A{YH$mam|

H$m n«`moJ H$aVh h¡& n«~§YZ g{_{V {ZåZ {df`m| na ~moS©> _| {Z{hV g^r A{YH$mam| H$m n«`moJ H$a gH$Vh h¡…

� F$U n«ñVmdm| H$s _§Oyar ({Z{YiznRr Am¡a J¡a {Z{YiznRr);

� F$U g_Pm¡Vm/~Q²>Qo> ImVo _| S>mbZm Ho$ n«ñVmd;

� ny§Or Am¡a amOñd ì`` Ho$ n«ñVmdm| hoVw AZw_moXZ;

� n[agam| Ho$ A{YJ«hU Am¡a {H$amò na boZo hoVw _mZX§S>m| go {dMbZ g{hV n[agam| Ho$ A{YJ«hU Am¡a {H$amò na boZo go g§~§{YV n«ñVmd;

� CZHo$ ~Mmd Ho$ {bE _wH$X_m/Anrb Am{X Xmà H$aZo;

� gkehnkjh lfgr gaH$mar Am¡a AÝ` AZw_mo{XV n«{V^y{V`m|, H§$n{Z`m| Ho$ 'ks;jksa vkSj {S>~|Mam| _| {Zdoe

� XmZ; Am¡a

� ~moS©> Ûmam n«~§YZ g{_{V H$mo g§X{^©V {H$E JE H$moB© AÝ` _m_bo&


53

c) Shareholders’ / Investors’ Grievance Committee:

The Committee was constituted with effect from November 23, 2006 to carry out such functions for the redressal of Shareholders’ and investors’ complaints, including but not limited to transfer of shares, non-receipt of dividends, Annual Report and any other grievance that a shareholder or investor of the Bank may have against the Bank.

Details of Attendance of the Directors at the Shareholders’ / Investors’ Grievance Committee:



MeetingsAttended

1. Dr. G Sudhakar Rao 01.04.2008 - 31.03.2009 4 4 2. A Subramanian 01.04.2008 - 31.03.2009 4 4 3. A S Bhattacharaya 15.10.2008 - 31.03.2009 2 2 4. G Charath Chandran 01.04.2008 - 31.01.2009 3 3 5. P Sudhakar Reddy 20.02.2009 - 31.03.2009 0 0

d) Share Transfer Committee :

Pursuant to Regulation No. 2A of Indian Bank (Shares and Meetings) Regulations, 1999, the Share Transfer Committee of the Bank was constituted on March 13, 2007. The Committee considers requests for rematerialization, etc.

Details of Attendance of the Directors at the Share Transfer Committee:



MeetingsAttended

1. A Subramanian 01.04.2008 - 31.03.2009 6 6 2. A S Bhattacharaya 15.10.2008 - 31.03.2009 5 5 3. G Charath Chandran 01.04.2008 - 31.01.2009 4 4 4. Dr. G Sudhakar Rao 01.04.2008 - 31.03.2009 6 6 5. C K Ranganathan 20.02.2009 - 31.03.2009 1 1

e) Management Committee:

The Management Committee was constituted on September 08, 1990 and exercises such powers as may be delegated to it by the Board with the approval of the Central Government after consultation with Reserve Bank of India. The Management Committee may exercise all the powers vested in the Board in respect of:

• Sanctioning of credit proposals (funded and non-funded);

• Loans compromise / write off proposals;

• Proposals for approval of capital and revenue expenditure;

• Proposals relating to acquisition and hiring of premises including deviation from norms for acquisition and hiring of premises;

• Filing of suits / appeals, defending them, etc.;

• Investments in Government and other approved securities, shares and debentures of companies including underwriting;

• Donations; and

• Any other matter referred to the Management Committee by the Board.

54

Or) Omo{I_ n«~§YZ g{_{V …

• Omo{I_ n«~§YZ g{_{V H$m JR>Z 18 OZdar, 2003 dks {H$`m J`m Wm&

Omo{I_ n«~§YZ g{_{V Ho$ H$m`m}§ _| {ZåZ{b{IV em{_b ha¡…

• EH$sH¥$V Omo{I_ n«~§YZ {Og_| F$U Omo{I_ g{hV ~¢H$ Ho$ {d{^ÝZ F$U

Omo{I_ ímm{_b h¢, Ho$ {bE Zr{V Am¡a aUZr{V V¡`ma H$aZm&

• ~¢H$ Ho$ F$U Omo{I_ n«~§YZ g{_{V (grAmaE_gr), AmpñV Xo`Vm n«~§YZ

g{_{V (EEbE_gr) Am¡a n[aMmbZ Omo{I_ n«~§YZ g{_{V (AmoAmaE_gr)

Ho$ ~rM g_Ýd` ñWm{nV H$aZm &

• g{_{V Ho$ Xm{`Ëd _| fuEufyf[kr gpå_{bV h¢ …

• ~mOma Omo{I_ _mn, n«~§YZ Am¡a [anmo{Qª>J hoVw Zr{V`m§ Am¡a {Xem{ZX}e ñWm{nV

H$aZm

• `h gw{ZpíMV H$aZm {H$ ~mOma Omo{I_ n«{H«$`mE± (OZVm, n«Um{b`m|, n[aMmbZm|,

gr_mAm| Am¡a {Z`§ÌUm| g{hV ) ~¢H$ H$s Zr{V H$s g§Vw{ï> djrs gSa&

• O`mnma Am¡a n«moX²^dZ nmoQ©>\$mo{b`mo hoVw {Q´>Ja AWdm hm{Z amoH$Zo g{hV ~mOma

Omo{I_ gr_mAm| H$s nwZarjm Am¡a AZw_moXZ&

• Ah© Am¡a gj_ ñQ>m\$ H$s {Z`wpŠV, Ah© Am¡a gj_ ñQ>m\$ Am¡a ñdV§Ì ~mOma

Omo{I_ n«~§YH$/H$m| Am{X H$s V¡ZmVr gw{ZpíMV H$aZm&

n«~§YZ g{_{V _| {ZXoeH$m| H$s CnpñW{V H$m {ddaU …


~¡R>H|$

CnpñWV ~¡R>H|$

1. E_ Eg gwÝXa amOZ 01.04.2008 - 31.03.2009 14 14

2. E gw~«_{U`Z 01.04.2008 - 31.03.2009 14 14

3. E Eg ^Q²>Q>mMm`© 15.10.2008 - 31.03.2009 8 8


5. Q>r Q>r ZQ>amOZ 01.04.2008 - 31.05.200815.12.2008 - 31.03.2009

25

15

6. AemoH$ Jwám 01.06.2008 - 30.11.2008 6 6

7. Or MaV MÝX«Z 01.04.2008 - 19.04.200815.06.2008 - 14.12.2008

17

17

8. nr gwYmH$a aoS²>S>r 01.04.2008 - 14.06.2008 2 2

9. gm[a`m ImZ 20.04.2008 - 19.10.2008 5 3

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11. gr Ho$ a§JZmWZ 01.12.2008 - 31.03.2009 6 3

12. \«$mo. ZaoÝX« Hw$_ma AJ«dmb 20.10.2008- 31.03.2009 8 2

E\$) n«m¡Úmo{JH$s g{_{V …

n«m¡µÚmo{JH$s g{_{V 11 _mM©, 2002 H$mo J{R>V H$s JB©&

n«m¡Úmo{JH$s g{_{V H$m JR>Z ~¢H$ H$s n«m¡Úmo{JH$s` CÝZ`Z Amdí`H$VmAm| H$mo XoIZo Am¡a ñnï> n[a^m{fV _mBb ñQ>moZ Ho$ gmW aUZr{VH$ `moOZm H$s AZwe§gm H$aZo Ho$ {bE {H$`m

J`m h¡&

n«m¡Úmo{JH$s g{_{V _| {ZXoeH$m| H$s CnpñW{V H$m {ddaU …

{ZXoeH$m| H$m Zm_ (gd©lr) Ad{Y CZH$s H$m`mZd{Y Ho$ Xm¡amZ Am`mo{OV ~¡R>H|$ CnpñWV ~¡R>H|$

1. E gw~«_{U`Z 01.04.2008 - 31.03.2009 5 5

2. E Eg ^Q²>Q>mMm`© 15.10.2008 - 31.03.2009 3 3

3. Or MaV MÝX«Z 01.04.2008 - 31.01.2009 4 4

4. S>m° Or gwYmH$a amd 01.04.2008 - 31.03.2009 5 5

5. \«$mo. ZaoÝX« Hw$_ma AJ«dmb 20.02.2009 - 31.03.2009 0 0


55

Details of Attendance of the Directors at the Management Committee



MeetingsAttended

1. M S Sundara Rajan 01.04.2008 - 31.03.2009 14 142. A Subramanian 01.04.2008 - 31.03.2009 14 143. A S Bhattacharaya 15.10.2008 - 31.03.2009 8 84. C R Gopalasundaram 01.04.2008 - 31.03.2009 14 115. T T Natarajan 01.04.2008 - 31.05.2008

15.12.2008 - 31.03.200925

15

6. Ashok Gupta 01.06.2008 - 30.11.2008 6 67. G Charath Chandran 01.04.2008 - 19.04.2008

15.06.2008 - 14.12.200817

17

8. P Sudhakar Reddy 01.04.2008 -14.06.2008 2 29. Saria Khan 20.04.2008 -19.10.2008 5 310. Dr. G Sudhakar Rao 01.04.2008 - 31.03.2009 14 1411. C K Ranganathan 01.12.2008 -31.03.2009 6 312. Prof. Narendra Kumar Agrawal 20.10.2008- 31.03.2009 8 2

f) Technology Committee:

• The Technology Committee was constituted on March 11, 2002.

• The Technology Committee has been set up to look into the technological upgradation requirements of the Bank and recommend a strategic plan with clearly defi ned milestones.

Details of Attendance of the Directors at the Technology Committee



MeetingsAttended

1. A Subramanian 01.04.2008 - 31.03.2009 5 52. A S Bhattacharaya 15.10.2008 - 31.03.2009 3 33. G Charath Chandran 01.04.2008 - 31.01.2009 4 44. Dr. G Sudhakar Rao 01.04.2008 - 31.03.2009 5 55. Prof. Narendra Kumar Agrawal 20.02.2009 - 31.03.2009 0 0

g) Risk Management Committee:

• Risk Management Committee was constituted on January 18, 2003. The functions of the Risk Management Committee include the following:

• To devise the policy and strategy for integrated risk management containing various risk exposures of the Bank including the Credit Risk.

• To co-ordinate between the Credit Risk Management Committee (CRMC), the Asset Liability Management Committee (ALMC) and Operational Risk Management Committee (ORMC) and other risk committees of the Bank.

• The responsibility of the Committee include:

� Setting policies and guidelines for market risk measurement, management and reporting

� Ensuring that market risk management processes (including people, systems, operations, limits and controls) satisfy Bank’s policy

� Reviewing and approving market risk limits, including triggers or stop-losses for traded and accrual portfolios

� Appointment of qualifi ed and competent staff; ensuring posting of qualifi ed and competent staff and of independent market risk manager/s etc.

56

Omo{I_ n«~§YZ g{_{V _| {ZXoeH$m| H$s CnpñW{V H$m {ddaU …

ZXoeH$m| H$m Zm_ (gd©lr) Ad{Y CZH$s H$m`mZd{Y Ho$ Xm¡amZ

Am`mo{OV ~¡R>H|$

CnpñWV ~¡R>H|$

1. E_ Eg gwÝXa amOZ 01.04.2008 - 31.03.2009 5 5

2. E gw~«_{U`Z 01.04.2008 - 31.03.2009 5 5

3. E Eg ^Q²>Q>mMm`© 15.10.2008 - 31.03.2009 3 3


5. Or MaV MÝX«Z 01.04.2008 - 31.01.2009 3 3

6. S>m° Or gwYmH$a amd 01.04.2008 - 31.03.2009 5 5

7. gm[a`m ImZ 20.02.2009 - 31.03.2009 1 1

EM) ~So> _yë` H$s YmoImY{S>`m| H$mo _mZrQ>a H$aZo hoVw {deof g{_{V …

EH$ H$amoS> én`o Am¡a Cg go A{YH$ H$s YmoImY{S>`m| H$mo _mZrQ>a H$aZo hoVw Bg g{_{V H$m JR>Z 31 OZdar 2004 H$mo {H$`m J`m Wm&

{deof g{_{V (~So> _yë` H$s YmoImY{S>`m| H$mo _mZrQ>a H$aZo) _| {ZXoeH$m| H$s CnpñW{V H$m {ddaU


1. E_ Eg gwÝXa amOZ 01.04.2008 - 31.03.2009 2 2

2. E gw~«_{U`Z 01.04.2008 - 31.03.2009 2 2

3. E Eg ^Q²>Q>mMm`© 15.10.2008 - 31.03.2009 2 2

4. dr Eg g|{Xb 01.04.2008 - 12.01.2009 1 1

5. Hw$_ma g§O` H¥$îU 13.01.2009 - 31.03.2009 1 1

6. nr gwYmH$a aoS²>S>r 01.04.2008 - 31.03.2009 2 2

7. S>m° Or gwYmH$a amd 01.04.2008 - 31.03.2009 2 2

AmB©) J«mhH$ godm g{_{V

J«mhH$ godm g{_{V AJñV 24, 2004 H$mo J{R>V H$s JB©& J«mhH$ godm g{_{V Ho$ H$m`© _| {ZåZ{b{IV ^r em{_b h¢&

• Am_ ì`pŠV`m| Ho$ {hVm| H$s ajm H$aZo Ho$ {bE n«{H«$`m{d{Y`m| d nÕ{V`m| Ho$ gabrH$aU na Ü`mZ XoZm;

• J«mhH$m| H$mo godm n«XmZ H$aZo hoVw nÕ{V`m| H$s nwZarjm djuk Am¡a

• ^maVr` [aµOd© ~¢H$ Ûmam {ZYm©[aV CZ {d{Z`_m| Am¡a n«{H«$`m{d{Y`m| H$s nwZarjm Omo{H$ ~¢H$m| H$s J«mhH$ godm H$m A{VH«$_U H$a ahr h¢&

J«mhH$ godm g{_{V _| {ZXoeH$m| H$s CnpñW{V Ho$ {ddaU

{ZXoeH$ H$m Zm_ (gd©lr) Ad{Y CZH$s H$m`mZd{Y Ho$ Xm¡amZ

Am`mo{OV ~¡R>H|$

CnpñWV ~¡R>H|$

1. E_ Eg gwÝXa amOZ 01.04.2008 - 31.03.2009 4 4

2. E gw~«_{U`Z 01.04.2008 - 31.03.2009 4 4

3. E Eg ^Q²>Q>mMm`© 15.10.2008 - 31.03.2009 3 3

4. dr Eg g|{Xb 01.04.2008 - 12-.01.2009 2 1

5. Hw$_ma g§O` H¥$îU 13.01.2009 - 31.03.2009 2 1


7. AemoH$ Jwám 01.04.2008 - 31.03.2009 4 4

8. S>m° Or gwYmH$a amd 01.04.2008 - 31.03.2009 4 4


57

Details of Attendance of the Directors at the Risk Management Committee:



MeetingsAttended

1. M S Sundara Rajan 01.04.2008 - 31.03.2009 5 5 2. A Subramanian 01.04.2008 - 31.03.2009 5 5 3. A S Bhattacharaya 15.10.2008 - 31.03.2009 3 3 4. C R Gopalasundaram 01.04.2008 - 31.03.2009 5 5 5. G Charath Chandran 01.04.2008 - 31.01.2009 3 3 6. Dr. G Sudhakar Rao 01.04.2008 - 31.03.2009 5 5 7. Saria Khan 20.02.2009 - 31.03.2009 1 1

h) Special Committee for monitoring Large Value Frauds:

The Committee was constituted on January 31, 2004 for monitoring frauds of Rs.1 crore and above.

Details of Attendance of the Directors at the Special Committee (Monitoring of Large Value Frauds)



MeetingsAttended

1. M S Sundara Rajan 01.04.2008 - 31.03.2009 2 22. A Subramanian 01.04.2008 - 31.03.2009 2 23. A S Bhattacharaya 15.10.2008 - 31.03.2009 2 24. V S Senthil 01.04.2008 - 12.01.2009 1 15. Kumar Sanjay Krishna 13.01.2009 - 31.03.2009 1 16. P Sudhakar Reddy 01.04.2008 - 31.03.2009 2 27. Dr. G Sudhakar Rao 01.04.2008 - 31.03.2009 2 2

i) Customer Service Committee

The Customer Service Committee was constituted on August 24, 2004. The functions of the Customer Service Committee include the following.

• To look into the simplifi cation of procedures and practices with a view to safeguarding the interests of common persons;

• To review the systems in place for providing service to the customers; and

• To review the regulations and procedures prescribed by Reserve Bank of India that impinges on customer service of banks.

Details of Attendance of the Directors at the Customer Service Committee:



Meetings Attended

1. M S Sundara Rajan 01.04.2008 - 31.03.2009 4 4

2. A Subramanian 01.04.2008 - 31.03.2009 4 4

3. A S Bhattacharaya 15.10.2008 - 31.03.2009 3 3

4. V S Senthil 01.04.2008 - 12.01.2009 2 1

5. Kumar Sanjay Krishna 13.01.2009 - 31.03.2009 2 1

6. C R Gopalasundaram 01.04.2008 - 31.03.2009 4 3

7. Ashok Gupta 01.04.2008 - 31.03.2009 4 4

8. Dr. G Sudhakar Rao 01.04.2008 - 31.03.2009 4 4

58

Oo) {ZXoeH$m| H$s g{_{V (gVH©$Vm)

gVH©$Vm$ g{_{V OZdar 12, 1991 H$mo J{R>V H$s JB© h¡& gVH©$Vm g{_{V {V_mhr _| EH$ ~ma ~¡R>H$ H$aVr h¡ Am¡a {H$gr b§{~V AZwemg{ZH$ _m_bm| Am¡a {d^mJr` Om§M

H$s nwZarjm H$aVr h¡& {ZXoeH$ g{_{V H$s {Q>ßnUr, gVH©$Vm _m_bm| ds AY©dm{f©H$ nwZarjU hoVw {ZXoeH$ _§S>b H$mo n«ñVwV H$s OmVr h¡&

gVH©$Vm g{_{V _| {ZXoeH$m| H$s CnpñW{V Ho$ {ddaU …


1. E_ Eg gwÝXa amOZ 01.04.2008 - 31.03.2009 4 4

2. E gw~«_{U`Z 01.04.2008 - 31.03.2009 4 4

3. E Eg ^Q²>Q>mMm`© 15.10.2008 - 31.03.2009 2 2

4. dr Eg g|{Xb 01.04.2008 - 12.01.2009 3 2

5. Hw$_ma g§O` H¥$îU 13.01.2009 - 31.03.2009 1 1


aUZr{V H$mamo~ma {dH$mg g{_{V _| {ZXoeH$m| H$s CnpñW{V Ho$ {ddaU …


~¡R>H|$

CnpñWV ~¡R>H|$

1. E_ Eg gwÝXa amOZ 01.04.2008 - 31.03.2009 1 1

2. E gw~«_{U`Z 01.04.2008 - 31.03.2009 1 1

3. E Eg ^Q²>Q>mMm`© 15.10.2008 - 31.03.2009 1 1

4. Hw$_ma g§O` H¥$îUm 13.01.2009 - 31.03.2009 1 1

5. gr Ho$ a§JZmWZ 01.07.2009 - 31.03.2009 1 1

6. ZaoÝX« Hw$_ma AJ«dmb 01.07.2009 - 31.03.2009 1 0

4. gm_mÝ` ~¡R>H|$

~¢H$ Ho$ eoàYmaH$m| H$s {nN>br gm_mÝ` dm{f©H$ ~¡R>H$ (EOrE_)Ho$ {ddaU {ZåZ n«H$ma h¢…

gm_mÝ` ~¡R>H|$ {XZ Ed§ {XZm§H$ g_` OJh

n«W_ ~wYdma, OyZ 27, 2007 11.00 gw~h B_oO, E_Amagr ZJa amOm AÊUm _b¡ nwa_ MoÝZo

600 028

{ÛVr` gmo_dma, OyZ 30, 2008 11.00 gw~h B_oO, E_Amagr ZJa amOm AÊUm _b¡ nwa_ MoÝZo

600 028

CŠV gm_mÝ` dm{f©H$ ~¡R>dksa _| H$moB© {deof g§H$ën nk[aV Zht fd, x,&

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JB© h¡&

1. ^maV gaH$ma - Zm{_Vr {ZXoeH$ (g{_{V H$m AÜ`j)

2. ^maVr` [aµOd© ~¢H$ H$ s Zm{_Vr {ZXoeH$

3. lunh ys[kkdkj$ {ZXoeH$

~¢H$ Ho$ eoà YmaH$m| H$m n«{V{Z{YËd H$aZodmbo eoà YmaH$ {ZXoeH$m| Ho$ {Zdm©MZ H$s

n«{H«$`m Ho$ Xm¡amZ g{_{V H$s ~¡R>H$ EH$ ~ma 16 OyZ 2008 H$mo g§nÝZ hþB©&

Eb) aUZr{V H$mamo~ma {dH$mg g{_{V

H$mamo~ma {dH$mg Ho$ {bE aUZr{V ~ZmZo hoVw 26 AJñV 2008 H$mo aUZr{V H$mamo~ma

{dH$mg g{_{V H$m JR>Z, gXñ`m| Ho$ ê$n _| {ZåZ{b{IV {ZXoeH$m| Ho$ gmW {H$`m

J`m…

1. AÜ`j Ed§ n«~§Y {ZXoeH$ (g{_{V H$m AÜ`j)

2. H$m`©nmbH$ {ZXoeH$

3. ^maV gaH$ma - Zm{_Vr {ZXoeH$

4. eoàYmaH$ {ZXoeH$


59

j) Committee of Directors (Vigilance):

The Vigilance Committee was constituted on January 12, 1991. The Vigilance Committee meets once in a quarter to review any outstanding disciplinary cases and departmental enquiries. The observation of the Vigilance Committee is put up to the Board in the half yearly review of vigilance matters.

Details of Attendance of the Directors at the Vigilance Committee:



MeetingsAttended

1. M S Sundara Rajan 01.04.2008 - 31.03.2009 4 4

2. A Subramanian 01.04.2008 - 31.03.2009 4 4

3. A S Bhattacharaya 15.10.2008 - 31.03.2009 2 2

4. V S Senthil 01.04.2008 - 12.01.2009 3 2

5. Kumar Sanjay Krishna 13.01.2009 - 31.03.2009 1 1

6. C R Gopalasundaram 01.04.2008 - 31.03.2009 4 4

k) Nomination Committee:

The Nomination Committee was constituted on December 01, 2007 with the following Directors:

1. Government of India Nominee Director (Chairman of the Committee)

2. RBI Nominee Director

3. Chartered Accountant Director.

The Committee met once on June 16, 2008 during the process of election of Shareholder Directors representing the shareholders of the Bank.

l) Strategic Business Development Committee:

The Strategic Business Development Committee was constituted on August 26, 2008 for formulation of strategies for business development with the following Directors as members of the Committee:

1. Chairman and Managing Director (Chairman of the Committee)

2. Executive Directors

3. Government of India Nominee Director

4. Shareholder Directors

Details of Attendance of the Directors at the Strategic Business Development Committee:



Meetings Attended

1. M S Sundara Rajan 01.04.2008 - 31.03.2009 1 12. A Subramanian 01.04.2008 - 31.03.2009 1 13. A S Bhattacharaya 15.10.2008 - 31.03.2009 1 14. Kumar Sanjay Krishna 13.01.2009 - 31.03.2009 1 1

5. C K Ranganathan 01.07.2009 - 31.03.2009 1 1 6. Narendra Kumar Agrawal 01.07.2009 - 31.03.2009 1 0

4. General Body Meetings: The details of previous Annual General Meetings (AGM) of shareholders of the Bank are as follows:

Annual General Meeting Day & Date Time VenueFirst Wednesday,

June 27, 200711.00 a.m. IMAGE, MRC Nagar

Raja AnnamalaipuramChennai - 600 028.

Second Monday,June 30, 2008

11.00 a.m. IMAGE, MRC NagarRaja AnnamalaipuramChennai - 600 028.

No special resolutions were passed at the above Annual General Meetings.

60

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n[aMmbZ _m_bm| na n«og {dk{á`m± Omar H$aVm h¡ Omo{H$ ~¢H$ H$s do~gmBQ> ( www.indianbank.in) na ^r CnbãY h¡&

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B§{S>`Z ~¢H$ Ho$ boIm| na {dMma H$aZo d bm^m§e H$s KmofUm An«¡b 27, 2009

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bm^m§em| Ho$ ^wJVmZ H$s VmarI tqykbZ 28] 2009 ds igys


61

Requirement ComplianceA non-executive Chairman should 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.

The Bank is chaired by an Executive Chairman appointed by the Government of India and the reimbursement of expenses incurred by him are in terms of Government of India guidelines.

The Bank should set up a remuneration committee to determine on their behalf and on behalf of the shareholders with agreed terms of reference, the Bank’s policy on specifi c remuneration packages for executive directors including pension rights and any compensation payment.

Remuneration Committee of the Board has been formed to determine the remuneration package in terms of the Government of India guidelines.

Whistle Blower Policy: The Bank may establish a mechanism for employees to report to the management concerns about unethical behaviour, actual or suspected fraud or violation of the Bank’s code of conduct or ethics policy and provide for adequate safeguards against victimization of employees.

The Bank has put in place a Whistle Blower policy.

Postal Ballot The business transacted did not require any special resolution to be put through postal ballot.

6. Means of CommunicationInformation relating to Bank will be mainly issued through the Annual Report which includes the Directors’ Report, Auditors’ Report, Cash Flow Statements, Consolidated Audited Accounts, etc. The shareholders will also be intimated on the quarterly, half yearly and annual performance through publication in newspapers, intimation to Stock Exchanges (NSE & BSE), press release, email wherever possible, which is also available on the website of the Bank. The Bank issues press release on various operational matters such as revision in interest rates, launching of new products, opening of new branches, etc. which are also available on the website of the Bank (www.indianbank.in).

7. General Shareholder Information

Board Meeting for considering accounts of Indian Bank and declaration of dividend

April 27, 2009

Date, Time and venue of AGM June 29, 2009. 10. a.m.

IMAGE

MRC Nagar, Raja Annamalaipuram, Chennai 600 028Financial Year 2008-09Book closure dates June 20, 2009 to June 24, 2009 (both days inclusive)Dividend for 2008-09 Equity Shares –Interim 20% (Rs.2/- per Equity Share) and Final

30% (Rs.3/- per Equity Share) – Total 50% (Rs.5/- per Equity Share)Preference Shares – 8.75% p.a. for the period from April 2008 to September 2008 and 10.00% p.a. from October 2008 to March 2009.

Last date of receipt of proxy forms June 24, 2009Date of payment of Dividend Before July 28, 2009

5. Disclosures

a. Other than those in the normal course of banking business, the Bank has not entered into any materially signifi cant transactions with its Promoters / Directors, Management, their subsidiaries, or relatives, etc. that may have potential confl ict with the interests of the Bank at large.

b. The Bank has complied with all the requirements regarding capital market related matters and has not been

imposed any penalty or stricture by the stock exchanges or SEBI or any other statutory authority during the last year.

c. Mandatory and non-mandatory requirements: The Bank has complied with all the applicable mandatory

requirements as provided in Clause 49 of the Listing Agreement entered into with the Stock Exchanges. The extent of implementation of non-mandatory requirements is furnished as under:

62

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n«má, {ZdmaU H$s JB© Ed§ b§{~V {eH$m`Vm| H$s g§»`m …

2008-09 Ho$ Xm¡amZ n«má Ed§ {ZdmaU H$s JB© VWm 31.03.2009 H$mo b§{~V {eH$m`Vm|/AZwamoYm| H$s g§»`m {ZåZdV h¡ …

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0 11 11 0

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1. ^maV gaH$ma 343820000 80.00

2. qgJmnwa gaH$ma 9856597 2.29

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31.03.2009 VH$ Hw$b {dXoer Ym[aVm

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1. {dXoer g§ñWmJV {ZdoeH$ 52494248 12.21

2. EZAmaAmB© 455266 0.11

Hw$b 52949514 1.55

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2. ~r Eg B© B©{¹$Q>r INDIANB / 532814

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{ZåZ{b{IV nVo na Xo gH$Vo h¢ …-


63

a. Listing on Stock Exchanges

The Equity Shares of the Bank are listed with the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited with effect from March 01, 2007. The Scrip codes of the Exchange are as under

No. Stock Exchange Stock Scrip Code1. N S E Equity INDIANB2. B S E Equity INDIANB / 532814

The Bank has paid the listing fees for the year 2009-2010 to the stock exchanges.

b. Compliance Offi cer(s)

Shri. V. Ganesan, General Manager has been designated as the Compliance Offi cer for complying with various provisions of SEBI and other statutory authorities. Shri. A. Ganesa Rathnam, Company Secretary has been designated as the Compliance Offi cer for complying with various provisions of Listing Agreement entered into with the Stock Exchanges.

c. Share Transfer & Redressal of Investors’ Grievances:

The Bank has appointed M/s Cameo Corporate Services Ltd., Chennai, as the Share Transfer Agent for recording of shareholders’ requests, resolution of investors’ grievances amongst other activities connected with the issue of shares. For the convenience of investors, grievances / complaints from them are also accepted at the Bank’s Head Offi ce in Chennai.

The investors may lodge their requests / complaints either with the Share Transfer Agent or with the Bank at the following addresses:

Cameo Corporate Services Ltd.Unit: Indian BankSubramanian Building1, Club House RoadChennai – 600 002.

Tel: (91 44) 28460718Fax: (91 44) 28460129Email: [email protected]

Company SecretaryIndian BankInvestor Services CellKrest Building, 2, Jehangir Street, Chennai 600 001.

Telephone : 91 44 25226699Fax : 91 44 25232111Email: [email protected]

Number of Complaints received, resolved and pending:

The details of complaints received and resolved during 2008-09 and pending as on 31.03.2009 are as follows:

Pending as on 01.04.2008 Received from 01.04.08 to 31.03.09 Resolved Pending as on 31.03.2009

0 11 11 0

d. Shareholding pattern as on 31.3.2009:

List of shareholders holding shares 1% and above as on 31.03.2009:

No. Category of Shareholders No. of shares held % to total holding1. Government of India 343820000 80.002. Government of Singapore 9856597 2.293. Emerging Markets Management, L.L.C. A/c EMSAF – Mauritius 6642854 1.55

Total foreign holding as on 31.3.2009:

No. Category of Shareholders No. of shares held % to total holding1. Foreign Institutional Investors 52494248 12.212. NRIs 455266 0.11

T o t a l 52949514 12.32

64

31.03.2009 VH$ eoàYm[aVm H$m {dVaU

g§dJ©dma …

g§. g§dJ© Ym[aV eoàm| H$s g§»`m am{e (é.) eoàYm[aVm H$m n«{VeV

1. ^maV gaH$ma 343820000 3438200000 80.00

2. ~¢H$ Ed§ {dËVr` g§ñWmE± (Ho$ÝX«r`/amÁ` g§ñWmE±)1669987 16699870 0.39

3. å`yMwdb µ\$ÊS> Am¡a `yQ>rAmB© 13148375 131483750 3.06

4. H$mnm}aoQ> {ZH$m` 4380648 43806480 1.02

5. Eµ\$AmB©AmB© 52494248 524942480 12.21

6. {Zdmgr hmopëS§>J Am{X 14256742 142567420 3.32

Hw$b 429770000 4297700000 100.00

_yë`dma …

A§{H$V _yë` é...... Ho$ eoàm| H$s

eoàYm[aVm

eoà YmaH$ eoà

g§»`m n«{VeV g§»`m n«{VeV

5000 VH$ 81539 96.26 10367754 2.41

5001 go 10000 1851 2.19 1319765 0.31

10001 go 20000 732 0.86 981376 0.23

20001 go 30000 189 0.22 469557 0.11

30001 go 40000 63 0.07 219259 0.05

40001 go 50000 47 0.06 220558 0.05

50001 go 100000 85 0.10 607812 0.14

100001 Am¡a Cggo A{YH$ 200 0.24 415583919 96.70

Hw$b 84706 100.00 429770000 100.00

_m{gH$ Cƒ Ed§ {ZåZ H$moQo>eZ Ed§ eoàm| H$s _mÌm

_mh EZ Eg B© ~r Eg B©

Cƒ (é.) {ZåZ (é.) _mÌm (é.) Cƒ (é.) {ZåZ (é.) _mÌm (é.)

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_B© 2008 157.00 114.70 14048056 157.10 120.15 3628388

OyZ 2008 127.50 86.30 9664454 127.85 86.15 2908557

OwbmB© 2008 115.00 77.00 15159811 116.40 78.00 4408594

AJñV 2008 129.90 92.15 25822189 135.00 92.55 7409084

{gV§~a 2008 146.85 105.00 15124836 142.00 110.00 4577589

AŠVy~a 2008 139.90 102.00 10700032 139.00 101.10 2200409

Zd§~a 2008 141.80 114.50 7155971 141.50 115.00 1888402

{Xg§~a 2008 139.50 111.10 8784988 139.50 114.05 2700824

tuojh 2009 147.75 117.15 8393059 147.75 116.50 1630509

Qjojh 2009 124.80 83.25 5965310 124.45 83.20 1118696

ekpZ 2009 90.00 63.60 15854372 90.00 63.75 4057961


65

Distribution of shareholdings as on 31.3.2009:

Category wise:

No. Category No. of Shares held Amount (Rs.) % of Shareholding1. Government of India 343820000 3438200000 80.002. Banks & Financial Institutions (Central / State

Institutions) 1669987 16699870 0.393. Mutual Funds & UTI 13148375 131483750 3.064. Bodies Corporate 4380648 43806480 1.025. FIIs 52494248 524942480 12.216. Resident Holdings, etc. 14256742 142567420 3.32

TOTAL 429770000 4297700000 100.00

Value wise:

Shareholding of Nominal value Rs. Shareholders SharesNos. %age Nos. %age

Upto 5000 81539 96.26 10367754 2.415001 – 10000 1851 2.19 1319765 0.3110001 – 20000 732 0.86 981376 0.2320001 – 30000 189 0.22 469557 0.1130001 - 40000 63 0.07 219259 0.0540001 – 50000 47 0.06 220558 0.0550001 - 100000 85 0.10 607812 0.14100001 & above 200 0.24 415583919 96.70TOTAL 84706 100.00 429770000 100.00

Monthly High and low quotation and volume of shares:

Month N S E B S E

High (Rs.) Low (Rs.) Volume (Nos.)

High (Rs.) Low (Rs.)

Volume (Nos.)

April 2008 168.00 137.55 13037580 169.00 138.15 2434691

May 2008 157.00 114.70 14048056 157.10 120.15 3628388

June 2008 127.50 86.30 9664454 127.85 86.15 2908557

July 2008 115.00 77.00 15159811 116.40 78.00 4408594

August 2008 129.90 92.15 25822189 135.00 92.55 7409084

September 2008 146.85 105.00 15124836 142.00 110.00 4577589

October 2008 139.90 102.00 10700032 139.00 101.10 2200409

November 2008 141.80 114.50 7155971 141.50 115.00 1888402

December 2008 139.50 111.10 8784988 139.50 114.05 2700824

January 2009 147.75 117.15 8393059 147.75 116.50 1630509

February 2009 124.80 83.25 5965310 124.45 83.20 1118696

March 2009 90.00 63.60 15854372 90.00 63.75 4057961

66

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g§»`m ñQ>m°H$ eoàm| H$s g§»`m \$m°_©

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3. B©{DoQ>r 42,97,68,528 S>r-_oQ>

(E\$) AmMma g§{hVm …

~¢H$ Zo {ZXoeH$ _§S>b Am¡a d[að> n«~§YZ H$m{_©H$m| na n«`moÁ` AmMma g§{hVm ~Zm`r h¡ VWm {ZXoeH$ _§S>b Ûmam 29.03.2007 H$s AnZr ~¡R>H$ _| Bgo AnZm`m J`m h¡ VWm

Bgo ~¢H$ Ho$ do~gmBQ> www.indianbank.in _| ^r Mky {X`m J`m h¡&

KmofUm

~¢H$ Zo g^r ~moS©> gXñ`m| Am¡a ~¢H$ Ho$ d[að> n«~§YZ Ho$ {bE AmMma g§{hVm ~Zm br h¡ VWm Bgo ~¢H$ H$sdo~gmBQ> _| Mky {X`m J`m h¡&

~moS©> gXñ` Am¡a d[að> n«~§YZ Zo AmMma g§{hVm Ho$ AZwnmbZ H$s nw{ï> H$r h¡&

ñWmZ … MoÝZ¡

{XZm§H$ … _B© 19, 2009

H¥$Vo B§{S>`Z ~¢H$

E_ Eg gwÝXa amOZ

AÜ`j Ed§ n«~§Y {ZXoeH$


67

e. Dematerialization of Shares

The shares of the Bank are compulsorily traded in dematerialized form and the Bank has entered into agreements with the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) and the ISIN is INE562A01011. As on 31.03.2009 the details of shares held in dematerialised and physical form were as under.

No. Stock No. of shares Form1. Preference 4,00,00,000 D-Mat2. Equity 1,476 Physical3. Equity 42,97,68,524 D-Mat

f. Code of Conduct

The Bank has framed the Code of Conduct applicable to Board of Directors and Senior Management Personnel and the same has been adopted by the Board of Directors at its meeting held on 29.03.2007 and the same has also been put on the Bank’s website viz.www.indianbank.in

Declaration

The Bank has laid down a Code of Conduct for all the Board Members and Senior Management of the Bank and which is posted on the website of the Bank.

The Board Members and Senior Management have affi rmed compliance to the Code of Conduct.

For Indian Bank

Place: Chennai M S Sundara Rajan Date: May 19, 2009 Chairman & Managing Director

68

godm _|{ZXoeH$ _§S>bB§{S>`Z ~¢H$

n«_m{UV {H$`m OmVm h¡ {H$

(E) h_Zo df© 2008-09 Ho$ {bE B§{S>`Z ~¢H$ Ho$ {dËVr` {ddaU Ed§ ZH$X n«dmh

{ddaUm| H$m nwZarjU {H$`m h¡ VWm h_mar gdm}ËV_ OmZH$mar Am¡a {dídmg Ho$

AZwgma

(i) BZ {ddaUm| _| H$moB© _hËdnyU© ê$n go AdmñV{dH$ H$WZ Zht h¢ `m

_hËdnyU© VÏ` hQ>mE Zht Jò h¢ `m ^«_OZH$ hmo gH$Zodmbo {ddaU

Zht h¢&

(ii) EH$ gmW aIo OmZo na ò {ddaU ~¢H$ Ho$ H$m`©H$bmnm| H$m gƒm Ed§

C{MV ê$n {XImVo h¡§ Am¡a ò {dÚ_mZ boImH$aU _mZH$, n«`moÁ`

H$mZyZ Ed§ {d{Z`_Z Ho$ AZwê$n h¢&

(~r) h_mar gdm}ËV_ OmZH$mar Ed§ {dídmg Ho$ AZwgma Bg df© Ho$ Xm¡amZ ~¢H$

Zo ~moS©> H$mo nhbo hr [anmoQ©> {H$E JE 70 _m_bm|, ^maVr` [aOd© ~¢H$ H$mo

gyMZmW© [anmoQ©> {H$E JE 87 _m_bm| Ho$ Abmdm Eogo H$moB© boZXoZ Zht {H$E h¢

Omo ÜmmoImË_H$, J¡a-H$mZyZr `m ~¢H$ H$s AmMma g§{hVm Ho$ C„§KZ _| hm|&

(gr) h_ {dËVr` [anmo{Qª>J Ho$ {bE Am§V[aH$ {Z`§ÌU ñWm{nV H$aZo Ed§ AZwa{jV

H$aZo H$m Xm{`Ëd boVo h¢ Am¡a h_Zo {dËVr` [anmo{Qª>J Ho$ g§~§Y _| ~¢H$ Ho$

Am§V[aH$ {Z`§ÌU V§Ì H$s n«^mdmoËnmXH$Vm H$m _yë`m§H$Z {H$`m h¡ Am¡a

Am§V[aH$ {Z`§ÌU Ho$ ê$n `m n[aMmbZ H${_`m±, `{X hm|, {Ogo h_ OmZVo h¢

VWm BZ H${_`m| H$mo gwYmaZo Ho$ {bE {H$E JE H$X_ `m n«ñVm{dV H$X_ H$s

[anmoQ©> h_Zo boIm narjH$m| Ed§ boIm narjm g{_{V H$mo Xo Xr h¡&

(S>r) h_Zo boIm narjH$m| Am¡a boIm g{_{V H$mo {ZåZ{b{IV ~mVm| H$s OmZH$mar

Xr h¡…

(i) {dËVr` [anmoqQ©>J na Am§V[aH$ {Z`§ÌU _| df© Ho$ Xm¡amZ _hËdnyU© n[adV©Z

(i) df© Ho$ Xm¡amZ boImH$aU Zr{V`m| _| _hËdnyU© n[adV©Z Am¡a ;g fd

BZH$m n«H$Q>rH$aU, {dËVr` {ddaUm| na {Q>ßn{U`m| _| {H$`m J`m h¡, Am¡a

(i) YmoImYS§>µr H$s _hËdnyU© KQ>ZmAm| Ho$ _m_bo, Omo h_| kmV hþE h¢ Am¡a Cg_|

{dËVr` [anmoqQ©>J hoVw Am§V[aH$ n«Umbr _| _hËdnyU© ^y{_H$m {Z^mZo dmbo

H$_©Mmar `m n«~§YZ H$m em{_b hmoZm, `{X hmo, H$s OmZH$mar&

{bpñQ§>J H$ama Ho$ IÊS> 49 Ho$ AÝVJ©V grB©Amo Ed§ grEµ\$Amo n«_mU nÌ

(dr JUogZ ) (E_ Eg gwÝXa amOZ) _hm n«~§YH$ Ed§ grE\$Amo AÜ`j Ed§ n«~§Y {ZXoeH$ Ed§ grB©Amo

ñWmZ … MoÝZ¡

{XZm§H$ … An«¡b 27, 2009


69

To

The Board of Directors

Indian Bank

This is to certify that

(a) We have reviewed fi nancial statements and the cash fl ow statement of Indian Bank for the year 2008-09 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 codes of conduct, other than 70 cases already reported to the Board of the Bank, 87 cases reported to RBI for information.

(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

CEO & CFO Certifi cate under Clause 49 of the Listing Agreement

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 ciencies.

(d) We have indicated to the auditors and the Audit Committee

(i) signifi cant changes in internal control over fi nancial reporting during the year.

(ii) 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

(iii) 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.

(V.Ganesan) (M.S.Sundara Rajan)

General Manager & CFO Chairman & Managing Director & CEO

Place: Chennai

Date: April 27, 2009

70

godm _|

B§{S>`Z ~¢H$ Ho$ gXñ`

ñQ>m°H$ EŠgM|Om| Ho$ gmW H${WV ~¢H$ Ho$ {bpñQ§>J H$ama Ho$ IÊS> 49 _| AZw~Õ {H$E

AZwgma h_Zo 31 _mM©, 2009 H$mo g_má df© Ho$ {bE B§{S>`Z ~¢H$ Ûmam H$mnm}aoQ>

A{êmgZ H$s eVm|© Ho$ AZwnmbZ H$s Om§M H$s h¡&

H$mnm}aoQ> A{êmgZ H$s eVm|© H$m AZwnmbZ, n«~§YZ H$m CËVaXm{`Ëd h¡& H$mnm}aoQ>

A{êmgZ H$s eVm|© H$m AZwnmbZ gw{ZpíMV H$aZo Ho$ {bE ~¢H$ Ûmam AnZm`r J`r

n«{H«$`m{d{Y`m| Am¡a CZHo$ H$m`m©Ýd`Z VH$ H$s h_mar Om§M gr{_V Wr& `h boImnarjm

^r Zht h¡ Am¡a Z hr `h ~¢H$ Ho$ {dËVr` {ddaUm| na h_mao _V H$m n«H$Q>rH$aU h¡&

H$mnm}aoQ> A{êmgZ na boIm narjH$m| H$s [anmoQ©>

~¢H$ Ûmam AZwa{jV [aH$m°S>m|© Am¡a n«boIm| VWm h_| {XE JE ñnï>rH$U Ho$ AmYma na,

h_ n«_m{UV H$aVo h¢ {H$ h_mar am` _| ~¢H$ Zo D$na C{„{IV ñQ>m°H$ EŠgM|Om| Ho$ gmW

{bpñQ§>J H$ama _| AZw~Õ {H$E AZwgma H$mnm}aoQ> A{êmgZ H$s eVm|© H$m AZwnmbZ

{H$`m h¡&

h_ H$hVo h¢ {H$ eoàYmaH$ Am¡a {ZdoeH$ {eH$m`V g{_{V Ûmam AZwa{jV [aH$m°S>m|© Ho$

AZwgma ~¢H$ Ho$ {déÕ {ZdoeH$m| H$s H$moB© {eH$m`V, EH$ _hrZo go A{YH$ Ad{Y Ho$

{bE b§{~V Zht h¡&

h_ AmJo H$hVo h¡ {H$ Eogm AZwnmbZ, Z hr ~¢H$ H$s {dî` ì`dhm`©Vm H$m AmdídmgZ

h¡ Am¡a Z ~¢H$ Ho$ H$m`m|© Ho$ g§MmbZ _| n«~§YZ H$s XjVm `m n«^mdmoËnmXH$Vm h¡&

H¥$Vo Ama gw~«_{U`Z E§S> H§$ H¥$Vo Ama Jmonmb EÊS> Agmo{gòQ²>g H¥$Vo J«ÝYr E§S> H§$. gZXr boImH$ma gZXr boImH$ma gZXr boImH$ma

Ama gw~«_{U`Z Ama nr AJadmb Or Eg am_MÝX« amdgmPoXma gmPoXma gmPoXma

(E_ g 008460) (E_ g 051979) (E_ g 004865)

H¥$Vo nr Eb {_ËVb E§S> H§$nZr H¥$Vo {dídZmWZ E§S> ñdm{‘ZmWZ H¥$Vo JUogZ E§S> H§$nZr gZXr boImH$ma gZXr boImH$ma gZXr boImH$ma

nr Eb {_ËVb Eg gw§Xa am_Z (Eg ñdm{_ZmWZ) gmPoXma gmPoXma gmPoXma

(E_ g§»`m 014278) (E_ g§»`m 022137) (E_ g§»`m 023998)

ñWmZ… MoÝZ¡

{XZm§H$ … 27 An«¡b, 2009


71

For R SUBRAMANIAN AND COMPANY For R GOPAL & ASSOCIATES For GRANDHY & CO.,

Chartered Accountants Chartered Accountants Chartered Accountants

R. Subramanian R. P. Agarwal G. S. Ramachandra Rao Partner Partner Partner (M. No. 008460) (M. No. 051979) (M. No. 004865)

For P L MITTAL & CO., For VISWANATHAN & SWAMINATHAN For GANESAN AND COMPANY Chartered Accountants Chartered Accountants Chartered Accountants

P.L. Mittal S.Sundara Raman S. Swaminathan Partner Partner Partner (M. No. 014278) (M. No. 022137) (M. No. 023998)

Place : Chennai

Date : April 27, 2009

AUDITORS’ CERTIFICATE ON CORPORATE GOVERNANCE

To,

The Members of Indian Bank

We have examined the compliance of conditions of Corporate Governance by INDIAN BANK for the year ended March 31, 2009 as stipulated in Clause 49 of the Listing Agreement of the said Bank with the Stock Exchanges.

The Compliance of conditions of Corporate Governance is the responsibility of the Management. Our examination was limited to procedures and implementation thereof, adopted by the bank for ensuring the compliance of conditions of the Corporate Governance. It is neither an audit nor an expression of opinion on the fi nancial statements of the Bank.

On the basis of the records and documents maintained by the Bank and the information and explanations given to us, in our opinion, we certify that the Bank has complied with the conditions of Corporate Governance as stipulated in the above mentioned listing agreement with the Stock Exchanges.

We state that no investor grievance is pending for a period exceeding one month against the Bank as per the records maintained by the Shareholders and Investors Grievance Committee.

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.

72

`h n¥ð> Imbr N>mo‹S>m J`m h¡Ÿ& This page is intentionally left blank


73

VwbZ nÌ

bm^ d hm{Z boIm Ed§ AZwgy{M`m§

BALANCE SHEET,

PROFIT AND LOSS ACCOUNT AND SCHEDULES

74

{ddaU PARTICULARS AZwgyMr g§.Sch.No.

31.03.2009 H$moAs on 31.03.2009

31.03.2008 H$moAs on 31.03.2008

ny§Or d Xo`VmE§ CAPITAL & LIABILITIESny§Or CapitalAma{j{V`m§ Am¡a A{Yeof Reserves and SurplusO_mE§ DepositsCYma BorrowingsAÝ` Xo`VmE§ Am¡a n«mdYmZ Other Liabilities & Provisions

12345

829 77 006306 14 17

72581 83 10530 78 30

3873 22 02

829 77 004330 72 49

61045 94 731283 23 983018 00 52

Hw$b TOTAL 84121 74 59 70507 68 72

AmpñV`m§ ASSETS^maVr` [aµOd© ~¢H$ _|o ZH$X Am¡a A{YeofCash & Balances with R B I~¢H$m| _| eof Ed§ _m§J VWm Aën gyMZm na n«mß` YZam{eBalances with Banks and Money at Call and Short Notice{Zdoe InvestmentsA{J«_ AdvancesAMb AmpñV`m§ Fixed AssetsAÝ` AmpñV`m§ Other Assets

6

7891011

6211 57 51

472 24 3622800 56 6651465 28 101594 22 471577 85 49

6432 94 46

339 87 8321915 06 6539838 71 38

539 27 061441 81 34

Hw$b TOTAL 84121 74 59 70507 68 72

AmH$pñ_H$ Xo`VmE§ Contingent Liabilitiesdgybr Ho$ {bE {~b Bills for Collection

12 17418 99 831631 36 09

12736 02 431561 78 62

31 _mM© 2009 H$mo VwbZ nÌ (#i, gtkjksa esa)BALANCE SHEET AS ON 31ST MARCH, 2009 (Rs. In Thousands)

boIm| na {Q>ßn{U`m± Notes on Accounts 17_w»` boImH$aU Zr{V`m§ Signifi cant Accounting Policies 18

Åij lanfHkZr vuqlwph] rqyu i= ds vfHkUu vax gSa

Schedules referred to above form an integral part of the Balance Sheet

ñWmZ Place … MoÝZ¡ ChennaiVmarI Date : 27.04.2009

E_ Eg gwÝXa amOZ E gw~«_{U`Z ,- ,l- HkV~Vkpk;Z dr JUogZ M S SUNDARA RAJAN A SUBRAMANIAN A S BHATTACHARYA V. GANESAN

AÜ`j Ed§ n«~§Y {ZXoeH$ H$m`©nmbH$ {ZXoeH H$m`©nmbH$ {ZXoeH _hm n«~§YH$Chairman & Managing Director Executive Director Executive Director General Manager

DIRECTORS:dqekj lat; H¥$îU KUMAR SANJAY KRISHNA gr Ama JmonmbgwÝXa_ C R GOPALASUNDARAM, AemoH$ Jwám ASHOK GUPTA, Q>r Q>r ZQ>amOZ T T NATARAJAN,

S>m° Or gwYmH$a amd DR G SUDHAKAR RAO, lr_Vr gm[a`m ImZ Mrs. SARIA KHAN, izks- ujsUnz dqekj vxzoky PROF. NARENDRA KUMAR AGRAWAL

AUDITORS:d`rs vkj- lqczef.k;u ,aM daiuh d`rs vkj xksiky ,aM ,lksfl,V d`rs xza/kh ,aM daiuh

For R SUBRAMANIAN AND COMPANY For R GOPAL & ASSOCIATES For GRANDHY & CO., gZXr boImH$ma gZXr boImH$ma gZXr boImH$ma Chartered Accountants Chartered Accountants Chartered Accountants

vkj- lqczef.k;u vkj- ih- vxjoky th- ,l- jkepUnz jkoR SUBRAMANIAN R P AGARWAL G S RAMACHANDRA RAO

gmPoXma gmPoXma gmPoXma Partner Partner Partner

(M.No. 008460) (M.No. 051979) (M.No. 004865)

d`rs ih ,y feRry ,aM daiuh d`rs fo’oukFku ,aM LokehukFku d`rs x.kslu ,aM daiuhFor P L MITTAL & CO For VISWANATHAN & SWAMINATHAN For GANESAN AND COMPANY

gZXr boImH$ma gZXr boImH$ma gZXr boImH$ma Chartered Accountants Chartered Accountants Chartered Accountants

ih ,y feRry ,l lqjsUnz jkeu ,l- LokehukFkuP L MITTAL S SUNDARA RAMAN S SWAMINATHAN

gmPoXma gmPoXma gmPoXma Partner Partner Partner (M.No. 014278) (M.No. 022137) (M.No. 023998)


75

{ddaU PARTICULARS AZwgyMr g§.Sch.No.

31.03.2009 H$mo g_má df© Year ended 31.03.2009

31.03.2008 H$mo g_má df©Year ended 31.03.2008

I. Am` … INCOMEA{O©V ã`mO Interest earned AÝ` Am` Other Income

1314

6830 32 991035 44 47

5212 97 931005 68 78

Hw$b TOTAL 7865 77 46 6218 66 71

II. ì`` EXPENDITUREì`` {H$`m J`m ã`mO Interest expendedn[aMmbZ ì`` Operating expensesn«mdYmZ Ed§ AmH$pñ_H$Vm`| Provisions & Contingencies

1516

4221 81 821415 12 62983 50 72

3159 07 671400 29 41650 55 70

Hw$b TOTAL 6620 45 16 5209 92 78

III. bm^ /hm{Z PROFIT/LOSSdf© Ho$ {bE {Zdb bm^ Net Profi t for the yearAJ«mZrV bm^ Profi t Brought forward

1245 32 3084 26 09

1008 73 9380 68 74

Hw$b TOTAL 1329 58 39 1089 42 67

IV. {d{Z`moOZ APPROPRIATIONS {ZåZ H$mo A§V[aV Transfers to:gm§{d{YH$ [aµOd© {Z{Y Statutory Reservesny±Or [aµOd© Capital ReserveYmam 36(1) (viii) Ho$ A§VJ©V {deof [aµOd© Special Reserve u/s 36(1)(viii){Zdoe [aµOd© Investment ReserveamOñd [aµOd© Revenue ReserveñQ>mµ\$ H$ë`mU {Z{Y Staff Welfare Fundn«ñVm{dV bZfDoVh bm^m§e (ZmoQ> g§. 10 XoI|oo) Proposed Equity Dividend (refer Note no.10) n«ñVm{dV A{Y_mÝ` bm^m§e Proposed Preference Dividendbm^m§e {dVaU H$a Dividend Distribution Tax VwbZ nÌ H$mo bo Om`m J`m eof Bal. carried over to Balance Sheet

313 00 0024 12 7254 00 0011 09 19

531 00 0015 00 00

214 88 5037 50 0042 89 2886 08 70

252 00 001 37 48

60 00 00Nil

434 71 9015 00 00

171 90 8035 00 0035 16 4084 26 09

Hw$b TOTAL 1329 58 39 1089 42 67n«{V eo`a AO©Z, én`m| _| (ewy Am¡a H$_ {H$`m J`m)Earnings Per Share in Rs. (basic & diluted) 27.96 22.52

31 _mM© 2009 H$mo g_má df© hoVw bm^ Ed§ hm{Z boIm (#i, gtkjksa esa)PROFIT AND LOSS ACOUNT FOR THE YEAR ENDED 31st MARCH, 2009 (Rs. In Thousands)

boIm| na {Q>ßn{U`m± Notes on Accounts 17_w»` boImH$aU Zr{V`m§ Signifi cant Accounting Policies 18Åij lanfHkZr vuqlwph] rqyu i= ds vfHkUu vax gSaSchedules referred to above form an integral part of the Balance Sheet




DIRECTORS:Hw$‘ma g§O¶ H¥$îU KUMAR SANJAY KRISHNA gr Ama JmonmbgwÝXa_ C R GOPALASUNDARAM, AemoH$ Jwám ASHOK GUPTA, Q>r Q>r ZQ>amOZ T T NATARAJAN,

S>m° Or gwYmH$a amd DR G SUDHAKAR RAO, lr_Vr g[a`m ImZ Mrs. SARIA KHAN, izks- ujsUnz dqekj vxzoky PROF. NARENDRA KUMAR AGRAWALAUDITORS:

d`rs vkj- lqczef.k;u ,aM daiuh d`rs vkj xksiky ,aM ,lksfl,V d`rs xzkaMh ,aM daiuhFor R SUBRAMANIAN AND COMPANY For R GOPAL & ASSOCIATES For GRANDHY & CO.,


vkj- lqczef.k;u vkj- ih- vxjoky th- ,l- jkepUnz jkoR SUBRAMANIAN R P AGARWAL G S RAMACHANDRA RAO

gmPoXma gmPoXma gmPoXma Partner Partner Partner

(M.No. 008460) (M.No. 051979) (M.No. 004865)

d`rs ih ,y feRry ,aM daiuh d`rs fo’oukFku ,aM LokehukFku d`rs x.kslu ,aM daiuhFor P L MITTAL & CO For VISWANATHAN & SWAMINATHAN For GANESAN AND COMPANY


ih ,y feRry ,l lqjsUnz jkeu ,l- LokehukFkuP L MITTAL S SUNDARA RAMAN S SWAMINATHAN

gmPoXma gmPoXma gmPoXma Partner Partner Partner (M.No. 014278) (M.No. 022137) (M.No. 023998)

76

{ddaU PARTICULARS 31.03.2009 H$moAs on 31.03.2009

31.03.2008 H$moAs on 31.03.2008

1. n«m{YH¥$V ny§Or Authorised Capitaln«ËòH$ é. 10/- Ho$ 150,00,00,000 bZfDoVh eoà150,00,00,000 Equity Shares of Rs.10/- eachn«ËòH$ é. 100/- Ho$ 4,00,00,000 ñWm`r J¡µa-g§M`r A{Y_mÝ` eoà4,00,00,000 Perpetual Non-Cumulative Preference Shares of Rs.100/- each

2. Omar, A{^XËV Am¡a AXm {H$E JE Issued, Subscribed and Paid up: H$. H§o§$X«r` gaH$ma Ûmam aIo JE n«ËòH$ é.10/- Ho$ 34,38,20,000 bZfDoVh eoàa. 34,38,20,000 Equity shares of Rs.10/- each held by Central GovernmentI. OZVm Ûmam aIo JE n«ËòH$ é.10/- Ho$ 8,59,50,000 bZfDoVh eoàb. 8,59,50,000 Equity shares of Rs.10/- each held by Public

1500 00 00

400 00 00

343 82 00

85 95 00

1500 00 00

400 00 00

343 82 00

85 95 00

Hw$b TOTAL 429 77 00 429 77 00

A{Y_mÝ` eoà Preference Shares :H|$X«r` gaH$ma Ûmam aIo JE n«ËòH$ é.100/- Ho$ 4,00,00,000 ñWm`r J¡a g§M`r A{Y_mÝ` eoà4,00,00,000 - Perpetual Non Cumulative Preference Shares of Rs.100/- each held by Central Govt. 400 00 00 400 00 00

Hw$b TOTAL 829 77 00 829 77 00

AZwgwMr 1- iwath (#i, gtkjksa esa)SCHEDULE 1- CAPITAL (Rs. In Thousands)


77

{ddaU PARTICULARS31.03.2009 H$mo

As on 31.03.200931.03.2008 H$mo

As on 31.03.2008I gm§{d{YH$ Ama{j{V`m§ STATUTORY RESERVES

H$) AWeof a. Opening BalanceI) df© Ho$ Xm¡amZ Omo‹S> b. Additions during the year

1075 48 80313 00 00

823 48 80252 00 00

Hw$b TOTAL I 1388 48 80 1075 48 80

IIH$) A

ny±OrJV Ama{j{V`m§ CAPITAL RESERVESnwZ_y©ë`m§H$Z Ama{j{V`m§ Revaluation ReserveH$) AWeof a. Opening BalanceI) df© Ho$ Xm¡amZ Omo‹S> b. Additions during the yearJ) df© Ho$ Xm¡amZ H$Q>m¡{V`m§ c. Deductions during the year

215 22 921057 76 00

17 37 38

219 44 96Nil

4 22 04

Hw$b (E) Total (A) 1255 61 54 215 22 92

I) B AÝ` OthersI) df© Ho$ Xm¡amZ OmoS> a) Opening BalanceI) df© Ho$ Xm¡amZ H$Q>m¡{V`m± b) Additions during the year

6 42 9524 12 72

5 05 471 37 48

Hw$b (~r) Total (B) 30 55 67 6 42 95

Hw$b II (E µ+ ~r)TOTAL II (A + B) 1286 17 21 221 65 87

III eoo`a n«r{_`_ SHARE PREMIUM H$) AWeof Opening Balance 696 19 50 696 19 50

Hw$b TOTAL III 696 19 50 696 19 50IV amOñd Am¡a AÝ` Ama{j{V`m§ REVENUE AND OTHER RESERVES

H$) amOñd Ama{j{V`m§ A) Revenue Reserve AWeof Opening Balance df© Ho$ Xm¡amZ Omo‹S> Additions during the year1. 31.03.07 H$mo S>rQ>rE ({Zdb) Ho$ H$maU A§V[aV am{e Amount trfd on account of DTA (net) as at 31.03.072. bm^ Ed§ hm{Z boIo go A§V[aV TRFD from Profi t & Loss a/c

df© Ho$ Xm¡amZ H$Q>m¡{V`m§ Deductions during the year

2193 12 23

Nil

531 00 00 1 46

1186 12 33

572 28 00

434 71 90Nil

Hw$b (E) Total (A) 2724 10 77 2193 12 23

I) AmB©Q>r A{Y{Z`_ H$s Ymam Ho$ 36(1)(Viii) Ho$ A§VJ©V {deof [aµOd©B) Special Reserve U/S 36(1)(viii) of IT Act AWeof Opening Balance df© Ho$ Xm¡amZ Omo‹S> Additions during the yearHw$b (~r) Total (B)C) fuos’k fjtoZ Investment Reserve

df© Ho$ Xm¡amZ Omo‹S> Additions during the year

60 00 0054 00 00

114 00 00

11 09 19

Nil60 00 00

60 00 00

Nil

Hw$b (g) Total (C) 11 09 19 Nil

Hw$b IV (E + ~r) TOTAL IV (A + B + C) 2849 19 96 2253 12 23

V bm^ Ed§ hm{Z ImVm PROFIT & LOSS ACCOUNT AWeof Opening Balance df© Ho$ Xm¡amZ Omo‹S> Additions during the year

Hw$b TOTAL V

84 26 091 82 61

86 09 70

80 68 743 57 35

84 26 09

Hw$b TOTAL (I + II + III + IV + V) 6306 14 17 4330 72 49

AZwgwMr 2- vkjf{kfr;ka vkSj vf/k’ksf (#i, gtkjksa esa)SCHEDULE 2- RESERVES AND SURPLUS (Rs. In Thousands)

78


31.03.2008 H$moAs on 31.03.2008

I. ^maV _| CYma BORROWINGS IN INDIA i) ^maVr` [aµOd© ~¢H$ Reserve Bank of Indiaii) AÝ` ~¢H$ Other Banksiii) AÝ` g§ñWmE§ Am¡a A{^H$aU Other Institutions and Agencies

NilNil

121 84 61

NilNil

748 07 72

Hw$b TOTAL 121 84 61 748 07 72

II. ^maV Ho$ ~mha CYma BORROWINGS OUTSIDE INDIA * 408 93 69 535 16 26

Hw$b (I d II) TOTAL (I+II) 530 78 30 1283 23 98

D$na g_m{hV izfrHkwr CYma Secured Borrowings included above eyÝ`Nil

eyÝ`Nil

* ZmñQ´>mo {_aa eofm| H$s Ag_m`mo{OV _X| Ed§ _mJ©ñW _Xm| H$mo em{_b H$aVo hþE* Includes pipeline and un-adjusted items in Nostro Mirror Balances

AZwgwMr 4- CYma (#i, gtkjksa esa)SCHEDULE 4- BORROWINGS (Rs. In Thousands)

{ddaU PARTICULARS 31.03.2009 H$mo

As on 31.03.200931.03.2008 H$mo

As on 31.03.2008(A) I. _m§J O_mam{e`m§ A. I. DEMAND DEPOSITS

i. ~¢H$m| go From Banksii. AÝ`m| go From Others

40 53 715252 03 21

30 89 044704 08 75

Hw$b TOTAL 5292 56 92 4734 97 79

II. ~MV ~¢H$ O_mam{e`m§ SAVINGS BANK DEPOSITS 17666 79 01 15010 59 37

III. gmd{Y O_mam{e`m§ TERM DEPOSITSi. ~¢H$m| go From Banksii. AÝ`m| go From Others

1059 99 1648562 48 01

936 37 9140363 99 66

Hw$b TOTAL 49622 47 17 41300 37 57

Hw$b (I+II+III) TOTAL (I+II+III) 72581 83 10 61045 94 73

(Am) I . ^maV _| pñWV emImAm| H$s O_mE§ B. i) Deposits of branches in India 69658 76 75 58905 14 44II. ^maV Ho$ ~mha emImAm| H$s O_mE§ Deposits of branches outside India 2923 06 35 2140 80 29

Hw$b TOTAL 72581 83 10 61045 94 73

AZwgwMr 3- O_mE§ (#i, gtkjksa esa)SCHEDULE 3- DEPOSITS (Rs. In Thousands)


79


31.03.2008 H$moAs on 31.03.2008

I. hmW _| ZH$Xr ({dXoer _wX«m ZmoQ> gpå_{bV h¢)

Cash in hand (including foreign currency notes) II. ^maVr` [aµOd© ~¢H$ Ho$ gmW Mmby ImVo _| eof

Balances with Reserve Bank of India in Current Account

248 02 60

5963 54 91

189 48 32

6243 46 14

Hw$b ( I + II ) TOTAL (I+II) 6211 57 51 6432 94 46


31.03.2008 H$moAs on 31.03.2008

i. Xoo` {~b Bills Payableii. A§Va - H$m`m©b` g_m`moOZ ({Zdb) Inter Offi ce Adjustments(Net)iii. n«moX²^yV ã`mO Interest Accruediv. AÝ` (n«mdYmZ g{hV) Others(including Provisions) *

165 20 62733 58 21283 53 39

2690 89 80

257 24 82418 23 64247 89 66

2094 62 40

Hw$b TOTAL 3873 22 02 3018 00 52

* {Q>`a II ny§Or - é 300 H$amo‹S> Ho$ Jm¡U F$U em{_b h¢& * includes Tier II Capital - Subordinated debt of Rs.300 crore

AZwgwMr 5- AÝ` Xo`VmE§ Am¡a àmdYmZ (#i, gtkjksa esa)SCHEDULE 5- OTHER LIABILITIES AND PROVISIONS (Rs. In Thousands)

AZwgwMr 6- ^maVr` [aµOd© ~¢H$ _| ZH$X Am¡a eof (#i, gtkjksa esa)SCHEDULE 6- CASH AND BALANCES WITH RESERVE BANK OF INDIA (Rs. In Thousands)


As on 31.03.200931.03.2008 H$mo

As on 31.03.2008

I. ^maV _| IN INDIAi) ^maV _| ~¢H$m| _| eof Balances with Banks

H$. Mmby ImVoo _| in Current Account I. AÝ` O_m ImVm| _| in Other Deposit Accounts

57 18 48101 82 34

68 56 741 00 93

Hw$b (i) TOTAL (i) 159 00 82 69 57 67

ii) _m§J na VWm Aën gyMZm na n«mß` YZam{e (~¢H$m| Ho$ gmW )Money at Call and Short Notice (with Banks)

50 00 00 100 00 02

Hw$b (ii) TOTAL (ii) 50 00 00 100 00 02

Hw$b (I + II) TOTAL (i + ii) 209 00 82 169 57 69

II. ^maV Ho$ ~mha OUTSIDE INDIA i) Mmby ImVksa _| in Current Accounts ii) AÝ` O_m ImVm| _| in other Deposit Accounts iii) _m§J na VWm Aën gyMZm na n«mß` YZam{e Money at Call and Short Notice

143 46 47110 44 28

9 32 79

105 75 1456 27 838 27 17

Hw$b (i + ii + iii) TOTAL (i + ii + iii) 263 23 54 170 30 14

Hw$b `moJ ( I + II ) GRAND TOTAL (I +II) 472 24 36 339 87 83

AZwgwMr 7- ~¢H$m| _| eof Ed§ _m§J VWm Aën gyMZm na àmß` YZam{e (#i, gtkjksa esa)SCHEDULE 7- BALANCE WITH BANKS AND MONEY AT CALL AND SHORT NOTICE (Rs. In Thousands)

80


31.03.2008 H$moAs on 31.03.2008

I. ^maV _| {Zdoe INVESTMENTS IN INDIA i. gaH$mar n«{V^y{V`m§ Government Securities

ii. AÝ` AZw_mo{XV n«{V^y{V`m§ Other approved Securities iii. eo`a Shares

iv. {S>~|Ma Am¡a ~m±S> Debentures and bondsv. AZwf§{J`m§ Am¡a / `m g§`wŠV CÚ_ Subsidiaries and/or joint ventures

vi. AÝ` (å`wMwAb µ\$ÊS> `y{ZQ>, O_m n«_mU-nÌ Ed§ Am°`b ~m§‹S>) Others (Mutual Fund Units, Cert. of Deposits & Oil Bonds)

18822 59 19350 82 07306 89 02

1829 47 798 51 49

560 95 30

17468 08 29435 18 99419 01 67

1586 75 768 51 49

1167 94 52Hw$b TOTAL 21879 24 86 21085 50 72II. ^maV Ho$ ~mha {Zdoe INVESTMENT OUTSIDE INDIA i. gaH$mar n«{V^y{V`m± (ñWmZr` n«m{YH$mar g{hV) Government Securities (including local authorities) ii. AÝ` {Zdoe Other investments H$ eo`a (a) Shares I F$U n«{V^y{V`m± (b) Debt Securities

632 66 38

88 23287 77 19

560 80 08

22 20268 53 65

Hw$b TOTAL 921 31 80 829 55 93Hw$b `moJ ( I + II) GRAND TOTAL (I+II) 22800 56 66 21915 06 65

III. ^maV _| gH$b Ed§ {Zdb {Zdoe GROSS AND NET INVESTMENTS IN INDIA (i) gH$b Gross

(ii) KQ>mE§§…_yë`h«mg Ho$ {bE n«mdYmZ Less:Provision for depreciation (iii) {Zdb (H$) Net (A)

22245 86 49366 61 63

21879 24 86

21290 16 84204 66 12

21085 50 72IV. ^maV Ho$ ~mha OUTSIDE INDIA gH$b _yë` / {Zdb _yë` Gross Value / Net Value (B) {Zdb Hw$b `moJ (H$) + (I) NET GRAND TOTAL (A+B)

921 31 8022800 56 66

829 55 9321915 06 65

AZwgwMr 8- {Zdoe (#i, gtkjksa esa)SCHEDULE 8- INVESTMENTS (Rs. In Thousands)


81


31.03.2008 H$moAs on 31.03.2008

A. i) H«$` {H$E JE Am¡a ^wZmò JE {~b Bills purchased and discountedii) ZH$X CYma, Amoda S´>mµâQ> Am¡a _m§J na n«{VXo` CYma

Cash Credit, Overdrafts and loans repayable on demandiii. gmd{Y CYma Term Loans

1282 94 84

18485 25 2531697 08 01

1240 08 70

13860 19 6624738 43 02

Hw$b TOTAL 51465 28 10 39838 71 38

Am. i) _yV© AmpñV`m| Ûmam n«{V^yV (~hr F$Um| na A{J«_ gpå_{bV h¢) Secured by tangible assets (includes advance against bookdebts)ii) ~¢H$ / gaH$mar n«{V^y{V`m| Ûmam H$da {H$`m J`m Covered by bank/Government guaranteeiii) An«{V^yV Unsecured

40955 10 53

4410 55 526099 62 05

31004 88 54

3007 05 045826 77 80

Hw$b TOTAL 51465 28 10 39838 71 38

B I ^maV _| A{J«_ ADVANCES IN INDIA i. n«mW{_H$Vm n«má joÌ Priority Sector

ii. gmd©O{ZH$ joÌ Public Sector iii. ~¢H$ Banks

iv. AÝ` Others

18258 78 074933 51 18

1 9025322 82 80

14995 46 415355 70 66

8 5517475 79 75

Hw$b TOTAL 48515 13 95 37827 05 37

II. ^maV Ho$ ~mha A{J«_ ADVANCES OUTSIDE INDIAi) ~¢H$m| go n«mß` am{e`m§ Dues from Banksii) AÝ`m| go n«mß` am{e`m§ Dues from others

H$) H«$` {H$ò JE Am¡a ^wZmò JE {~b a) Bills Purchased and discountedI) gm_y{hH$ F$U b) Syndicated loansJ) AÝ` c) Others

437 48 54

407 47 921353 48 25751 69 44

399 40 89

312 53 88797 93 34501 77 90

Hw$b TOTAL 2950 14 15 2011 66 01

Hw$b `moJ ( I + II) GRAND TOTAL (I+II) 51465 28 10 39838 71 38

AZwgwMr 9- A{J«_ (#i, gtkjksa esa)SCHEDULE 9- ADVANCES (Rs. In Thousands)

82

AZwgwMr 10- AMb AmpñV`m§ (#i, gtkjksa esa)SCHEDULE 10- FIXED ASSETS (Rs. In Thousands)

AZwgwMr 11- AÝ` AmpñV`m§ (#i, gtkjksa esa)SCHEDULE 11- OTHER ASSETS (Rs. In Thousands)


As on 31.03.200931.03.2008 H$mo

As on 31.03.2008

III

IIIIV

V

n«moX²^yV ã`mO Interest Accruedn«XËV A{J«_ H$a / òmoV na H$mQ>m J`m H$a

Tax paid in advance/tax deducted at sourceboIZ gm_J«r Am¡a ñQ>mån Stationery and StampsXmdm| H$s g§Vw{ï> _| n«má H$s J`r µJ¡a-~¢H$H$mar AmpñV`m§

Non-banking assets acquired in satisfaction of claimsAÝ` Others

447 26 51

197 89 4913 02 66

24 00919 42 83

441 51 79

126 05 5112 72 41

24 00861 27 63

Hw$b TOTAL 1577 85 49 1441 81 34

{ddaU PARTICULARS31.03.2009 H$mo

As on 31.03.200931.03.2008 H$mo

As on 31.03.2008

I n[aga PREMISESnyd©dVu df© Ho$ VwbZ-nÌ Ho$ AZwgma bmJV / nwZ_y©ë`m§H$Z naAt cost/revaluation as per the last Balance Sheetdf© Ho$ Xm¡amZ Omo‹S> / g_m`moOZ Additions/Adjustments during the year


AÚVZ _yë` h«mg Depreciation to date

422 17 551064 45 521486 63 07

Nil1486 63 07136 04 22

421 23 0494 51

422 17 55Nil

422 17 55115 00 73

Hw$b TOTAL 1350 58 85 307 16 82

II {Z_m©UmYrZ ^dZ BUILDINGS UNDER CONSTRUCTION 4 56 89 5 41 68

III AÝ` AMb AmpñV`m§ (µ\$ZuMa Am¡a {µ\$ŠgMa gpå_{bV h¢) OTHER FIXED ASSETS (including Furniture and Fixtures) nyd©dVu df© Ho$ VwbZ-nÌ Ho$ AZwgma bmJV na At cost as per last Balance Sheetdf© Ho$ Xm¡amZ Omo‹S> / g_m`moOZ Additions/Adjustments during the year


AÚVZ _yë`h«mg Depreciation to date

628 54 8298 97 28

727 52 1019 97 97

707 54 13468 47 40

545 43 6891 66 19

637 09 878 55 05

628 54 82401 86 26

Hw$b TOTAL 239 06 73 226 68 56

Hw$b TOTAL (I+II+III) 1594 22 47 539 27 06


83

AZwgwMr 12- AmH$pñ_H$ Xo`VmE§ (#i, gtkjksa esa)SCHEDULE 12- CONTINGENT LIABILITES (Rs. In Thousands)

AZwgwMr 13- A{O©V ã`mO (#i, gtkjksa esa )SCHEDULE 13- INTEREST EARNED (Rs. In Thousands)


31.03.2008 H$moAs on 31.03.2008

I

IIIII

IV

V

VI

~¢H$ Ho$ {déÕ Xmdo {OÝh| F$U Ho$ ê$n _| ñdrH$ma Zht {H$`m J`m h¡Claims against the bank not acknowledged as debtsA§§eV… g§XËV {Zdooem| Ho$ {bE Xo`Vm Liability for partly paid investments~H$m`m dm`Xm {d{Z_` g§{dXmAm| Ho$ H$maU Xo`Vm Liability on account of outstanding forward exchange contractsg§KQ>H$m| H$s Amoa go Xr JB© n««Ë`m^yqV Guarantee given on behalf of constituentsH$. ^maV _| a) In IndiaI. ^maV Ho$ ~mha b) Outside IndiañdrH¥${V`m±, n¥ð>m§H$Z Am¡a AÝ` ~mÜ`VmE§ Acceptance, Endorsements and other obligationsAÝ` _X| {OZHo$ {bE ~¢H$ AmH$pñ_H$ ê$n go CËVaXm`r h¡Other items for which the bank is contingently liable

163 04 108 00

9371 02 60

4419 88 6948 60 80

3251 42 95

164 92 69

170 57 998 00

6525 75 10

2891 73 1810 82 55

2862 69 45

274 36 16

Hw$b TOTAL 17418 99 83 12736 02 43

{ddaU PARTICULARS 31.03.2009 H$mo g_má df©Year ended 31.03.2009

31.03.2008 H$mo g_má df© Year ended 31.03.2008

IIIIII

IV

A{J«_m| / {~bm|§ na ã`mO / ~Q²>Q>m Interest/Discount on Advances/Bills{Zdoem| na Am` Income on Investments ^maVr` [aµOd© ~¢H$ Ho$ gmW eof Am¡a AÝ` A§Va ~¢H$ {Z{Y`m| na ã`mO Interest on balances with Reserve Bank of India and other Inter Bank fundsAÝ` Others

5086 69 981687 33 36

56 21 548 11

3502 68 491665 03 37

45 17 009 07

Hw$b TOTAL 6830 32 99 5212 97 93



I.II.

III

IV

VVI

VII.

H$_reZ, {d{Z_` Am¡a Xbmbr Commission, Exchange and Brokerage{Zdoem| Ho$ {dH«$` na bm^ Profi t on Sale of InvestmentsKQ>mE§ … {Zdoem| Ho$ {dH«$` na hm{Z Less: Loss on Sale of Investments{Zdoem| Ho$ {dH«$` na bm^ ({Zdb) Profi t on Sale of Investments (Net){Zdoem| Ho$ nwZ_y©ë`m§H$Z na bm^ Profi t on revaluation of InvestmentsKQ>mE§ … {Zdoem| Ho$ nwZ_y©ë`m§H$Z na hm{Z Less: Loss on revaluation of Investments{Zdoem| Ho$ nwZ_y©ë`m§H$Z na bm^ ({Zdb)Profi t on revaluation of Investments(Net)^y{_, ^dZm| Am¡a AÝ` AmpñV`m| Ho$ {dH«$` na bm^Profi t on sale of land, buildings and other assets KQ>mE§ … ^y{_, ^dZm| Am¡a AÝ` AmpñV`m| Ho$ {dH«$` na bm^ Less: Loss on Sale of Land, Bldgs. & Other Assets^y{_, ^dZm| Am¡a AÝ` AmpñV`m| Ho$ {dH«$` na bm^ ({Zdb) Profi t on sale of land, buildings and other assets (Net){d{Z_` g§§ì`dhmam|| na bm^ ({Zdb) Profi t on exchange transactions (Net){dXoe / ^maV _| ñWm{nV AZwf§{J`m| / H§$n{Z`m| Am¡a / `m g§ wŠV CÚ_m| go bm^m§e Am{X Ho$ ê$n _| A{O©V Am`Income earned by way of dividends, etc., from Subsidiaries/Companies and/or Joint ventures abroad/in India{d{dY Am` (ZmoQ> g§. 11 XoI|) Miscellaneous Income (refer Note No.11)

232 24 17199 00 49

4 23 65194 76 84

NilNil

Nil

54 03

47 21

6 82105 16 93

12 06 36491 13 35

179 29 81191 67 3412 66 11

179 01 23NilNil

Nil

18 55

70 67

(52 12)99 96 44

4 67 33543 26 09

Hw$b TOTAL 1035 44 47 1005 68 78

AZwgwMr 14- AÝ` Am` (#i, gtkjksa esa)SCHEDULE 14- OTHER INCOME (Rs. In Thousands)

84

AZwgwMr 15- ì`` {H$`m x`m ã`mO (#i, gtkjksa esa) SCHEDULE 15- INTEREST EXPENDED (Rs. In Thousands)



III

III

O_mAm| na ã`mO Interest on deposits^maVr` [aµOd© ~¢H$ / A§Va ~¢H$ CYmam| na ã`mOInterest on Reserve Bank of India/Inter Bank borrowingsAÝ` Others

4061 43 91

101 32 2759 05 64

2979 54 96

58 59 09120 93 62

Hw$b TOTAL 4221 81 82 3159 07 67

AZwgwMr 16- n[apkbZ ì`` (#i, gtkjksa esa)SCHEDULE 16- OPERATING EXPENSES (Rs. In Thousands)

{ddaU PARTICULARS 31.03.2009 H$mo g_má df©

Year ended 31.03.200931.03.2008 H$mo g_má df©

Year ended 31.03.2008

I

IIIIIIVV

VIVII

VIIIIXXXIXII

H$_©©Mm[a`m| H$mo ^wJVmZ Am¡a CZHo$ {bE n«mdYmZPayments to and provisions for employees{H$am`m, H$a Am¡a n«H$me ì`dñWm Rent, Taxes and Lighting_wX«U Am¡a boIZ gm_J«r Printing and Stationery{dkmnZ Am¡a n«Mma Advertisement and Publicity~¢H$ H$s g§npËV na _yë`h«mg 31.03.09 31.03.08Depreciation on Bank’s property 1019314 1066702 KQ>mE§… nwZ_y©ë`m§H$Z [aµOd© go A§V[aVLess: Transferred from Revaluation Reserve 173738 42204 845576 1024498 {ZXoeH$m| H$s µ\$sg, ^ËVo Am¡a ì`` Directors’ fees, allowance and expensesboIm narjH$m| H$s µ\$sg Am¡a ì`` (§ emIm boIm narjH$m| H$s µ\$sg Am¡a ì`` g{hV)Auditors’ fees and expenses(including branch auditors){d{Y n«^ma Law Charges S>mH$, Vma Am¡a Qo>brµ\$moZ Am{X Postage, Telegrams and Telephones_aå_V Am¡a AZwajU Repairs and Maintenance~r_m InsuranceAÝ` ì`` Other Expenditure

979 76 1699 65 1118 54 568 86 22

84 55 7643 94

13 18 114 25 565 55 52

33 55 6462 90 39

103 85 65

967 39 4790 15 3117 20 6112 20 61

102 44 9844 30

13 88 533 70 938 74 75

25 75 1452 41 60

105 93 18

Hw$b TOTAL 1415 12 62 1400 29 41


85


86

AZwgyMr - 17 boIm| na {Q>ßn{U`m±

1 ny§Or

_X| 31.03.2009 31.03.2008

i. grAmaEAma (%) 13.27 12.74

ii. grAmaEAma - {Q>à I ny§Or (%)* 11.28 11.29

iii. grAmaEAma - {Q>à II ny§Or (%)* 1.99 1.45

iv. ^maV gaH$ma Ho$ eoàYmaU H$m n«{VeV 80.00 80.00

v. {Q>à II ny§Or Ho$ ê$n _| CR>mB© JB© (df© Ho$ Xm¡amZ) Jm¡U H$O© H$s am{e eyÝ` eyÝ`* 31.03.2009 VH$ ~¢H$ H$s ny§Or n`m©áVm AZwnmV ~ogb II _mZX§S>m| Ho$ AZwgma 13.98 n«{VeV h¡ Am¡a ~ogb I _mZX§S>m| Ho$ AZwgma 13.27 n«{VeV h¡& ^maVr`

[aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma, ~ogb I Am¡a ~ogb II _mZX§S>m| Ho$ A§VJ©V AmH${bV Ý`yZV_ grAmaEAma H$mo 31.03.2009 VH$ ~¢H$ Ûmam XO© grAmaEAma Ho$ ê$n _| [anmoQ©> {H$`m OmZm Mm{hE&

2. {Zdoe2.1. ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma, ~¢H$ Ho$ Xoer gH$b {Zdoe g§{d^mJ H$mo VrZ g§dJm|© _| ~m±Q>m J`m h¡& 31.03.09 H$mo `h dJuH$aU {ZåZ n«H$ma go h¡ …

(é. H$amo‹S> _|)

dJuH$aU 31.03.2009 31.03.2008

am{e n«{VeV am{e n«{VeV

n[an¹$Vm VH$ aIo JE - EM Q>r E_ 15043.84 67.63 12912.38 60.65

{~H«$s Ho$ {bE CnbãY - E E\$ Eg 7202.02 32.37 8377.79 39.35

ì`mnma Ho$ {bE aIo JE - EM E\$ Q>r 0.00 0.00 0.00 0.00

Hw$b 22245.86 100.00 21290.17 100.00

{Zdb _m§J Am¡a gmd{Y Xo`VmAm| Ho$ n«{VeV Ho$ ê$n _| Xoer EMQ>rE_ n«{V^y{V`m§ 25 n«{VeV Ho$ A{YH$V_ {Z{X©ï> ñVa Ho$ {déÕ 20.26 n«{VeV h¢&

2.2 {Zdoe (é. H$amo‹S> _|)

_X| 2008-09 2007-08

1) {Zdoem| H$m _yë`

i) {Zdoem| H$m gH$b _yë`

H$) ^maV _| 22245.86 21290.17

I) ^maV Ho$ ~mha 921.33 830.13

ii) _yë`h«mg Ho$ {bE n«mdYmZ

H$) ^maV _| 366.61 204.66

I) ^maV Ho$ ~mha 0.01 0.58

iii) {Zdoem| H$m {Zdb _yë`

H$) ^maV _| 21879.25 21085.51

I) ^maV Ho$ ~mha 921.32 829.55

2) {Zdoem| na _yë`h«mg Ho$ {bE ~ZmE JE

n«mdYmZm| _| d¥{Õ / H$_r (gmd©^m¡{_H$)

i) AWeof 205.24 275.91

ii) OmoSoµ§> … df© Ho$ Xm¡amZ {H$E JE n«mdYmZ 202.65 119.37

Cn-Hw$b 407.89 395.28

iii) KQ>mE± … df© Ho$ Xm¡amZ A{V[aŠV n«mdYmZm| H$m ~Å>m ImVm S>mbZm /nwZam§H$Z H$aZm 41.27 190.04

iv) A§{V_ eof 366.62 205.24


87

SCHEDULE 17 - NOTES ON ACCOUNTS

1. CAPITALItems 31.03.2009 31.03.2008

i) CRAR (%) * 13.27 12.74

ii) CRAR - Tier I Capital (%) * 11.28 11.29

iii) CRAR - Tier II Capital (%) * 1.99 1.45

iv) Percentage of Shareholding of the Government of India 80.00 80.00

v) Amount of subordinate debt raised ( during the year) as Tier II capital NIL NIL

* The Capital Adequacy Ratio of the Bank as at 31.03.2009 as per Basel II Norms is at 13.98% and as per Basel I Norms at 13.27%. As per the RBI guidelines, the least of the CRAR computed under Basel I and Basel II Norms has to be reported as CRAR recorded by the Bank as at 31.03.2009.

2. INVESTMENTS

2.1. In accordance with the RBI guidelines, the Bank’s domestic gross investment portfolio has been classifi ed into three categories. The classifi cation as on 31.03.09 is given hereunder: (Rs. in crore)

Classifi cation 31/03/2009 31/03/2008Amount % Amount %

Held to Maturity – HTM 15043.84 67.63 12912.38 60.65Available for sale – AFS 7202.02 32.37 8377.79 39.35Held for Trading – HFT 0.00 0.00 0.00 0.00Total 22245.86 100.00 21290.17 100.00

Domestic HTM securities as a percentage of Net Demand and Time Liabilities works out to 20.26 % against a stipulated maximum level of 25 %.

2.2. Investments (Rs. In crore)Items 2008-09 2007-08

(1) Value of Investments (i) Gross value of investments (a) In India 22245.86 21290.17 (b) Outside India 921.33 830.13 (ii) Provision for Depreciation (a) In India 366.61 204.66 (b) Outside India 0.01 0.58 (iii) Net value of Investments (a) In India 21879.25 21085.51 (b) Outside India 921.32 829.55(2) Movement of provision held towards depreciation on investments ( Global) (i) Opening Balance 205.24 275.91 (ii) Add: Provision made during the year 202.65 119.37 Sub – Total 407.89 395.28 (iii) Less: Write-off / write-back of excess provisions during the year 41.27 190.04 (iv) Closing Balance 366.62 205.24

88

2.2.1. aonmo boZXoZ (é. H$amo‹S> _|)

{ZåZ H$mo g_má df© Ho$ Xm¡amZ Ý`yZV_ ~H$m`m

{ZåZ H$mo g_má df© Ho$ Xm¡amZ A{YH$V_ ~H$m`m

{ZåZ H$mo g_má df© Ho$ Xm¡amZ X¡{ZH$ Am¡gV ~H$m`m

H$mo

2008-09 2007-08 2008-09 2007-08 2008-09 2007-08 2008-09 2007-08

aonmo Ho$ VhV ~oMr JB© n«{V^y{V`m§

eyÝ` eyÝ` 1016.38 49.65 26.94 1.75 eyÝ` eyÝ`

[adg© aonmo Ho$ VhV IarXr JB© n«{V^y{V`m§

eyÝ` eyÝ` 499.79 eyÝ` 4.11 eyÝ` eyÝ` eyÝ`

2.2.2 J¡a EgEbAma {Zdoe g§{d^mJ

(i) {XZm§H$ 31.03.2009 VH$ J¡a-EgEbAma {Zdoem| na OmarH$Vm© ñmpå_lU

g§. OmarH$Vm© am{e {ZOr Am~§Q>Z H$s gr_m

{Zdoe ñVa go {ZåZ dJ© H$s n«{V^y{V`m|

H$s gr_m

Xa {ZYm©aU Z H$s JB© n«{V^y{V`m| H$s

gr_m

gyMr~Õ Z H$s JB© n«{V^y{V`m| H$s

gr_m

1. 2. 3. 4. 5. 6. 7. 1. gmd©O{ZH$ joÌH$ Cn H«$_ 340.01 279.55 0.00 3.00 0.00

2. {dËVr` g§ñWmE§ 957.18 403.99 0.00 31.85 36.84

3. ~¢H$ 846.90 770.68 1.00 0.00 5.00

4. {ZOr H§$n{Z`m± 627.02 365.52 0.00 4.73 6.38

5. AmZwf§{JH$/g§`wŠV CÚ_* 136.35 0.00 0.00 0.00 57.48

6. AÝ` 129.50 4.42 0.00 0.00 3.42

7. _yë`h«mg Ho$ n«{V Ym[aV n«mdYmZ (331.12) 0.00 0.00 0.00 0.00

Hw$b * 2705.84 1824.16 1.00 39.58 109.12

* eo`am| H$m Am~§Q>Z b§{~V ahVo joÌr` J«m_rU ~¢H$m| H$mo A{V[aŠV ny±Or `moJXmZ Ho$ ê$n _| é.7.11 H$amo‹S> én`o ({nN>bo df© é.7.11 H$amo‹S>) gpå_{bV h¡ &

(ii) J¡a-{ZînmXH$ J¡a-EgEbAma {Zdoe

(é. H$amo‹S> _|)

{ddaU 2008-09 2007-08

AW eof 4.89 0.53

df© Ho$ Xm¡amZ Omo‹S> 0.00 4.94

df© Ho$ Xm¡amZ H$Q>m¡Vr 0.00 0.58

g_mnZ eof 4.89 4.89

Ym[aV Hw$b n«mdYmZ 4.89 4.89

3. ì`wËnÝZ

3.1 dm`Xm Xa H$ama / ã`mO Xam| H$s AXbm-~Xbr (AmB©AmaEg) (é. H$amo‹S>m| _|)

_X| 31.03.2009 31.03.2008

i) AXbm-~Xbr H$ama H$m AZw_m{ZV _ybYZ 30.85 25.00

ii) H$ama Ho$ A§VJ©V AnZr ~mÜ`VmAm| H$mo nyam H$aZo _| `{X {dnjr njH$ma MyH$ H$aVo h¢ Vmo dhZ H$s OmZodmbr hm{Z`m± eyÝ` eyÝ`

iii) ñdmn H$ama H$aZo na ~¢H$ H$mo Amdí`H$ g§nmpíd©H$ n«{V^y{V eyÝ` eyÝ`

iv) ñdmn H$ama H$aZo na CËnÝZ Omo{I_m| H$m g§Ho$ÝX«U 0.154 0.125

v) ñdmn ~hr H$m C{MV _yë` eyÝ` 0.49

(é. H$amo‹S> _|)


89

2.2.1 REPO Transactions: (Rs. In crore)

Minimum outstanding during the year ended

Maximum outstanding during the year ended

Daily average outstanding during the

year ended As on

2008-09 2007-08 2008-09 2007-08 2008-09 2007-08 31.03.09 31.03.08Securities sold under repos NIL NIL 1016.38 49.65 26.94 1.75 NIL NIL

Securitiespurchased under reverse repos

NIL NIL 499.79 NIL 4.11 NIL NIL NIL

2.2.2 NON-SLR INVESTMENT PORTFOLIO

i) Issuer Composition of Non SLR Investments as on 31.03.09 (Rs. In crore)NO. ISSUER AMOUNT EXTENT OF

PRIVATE PLACEMENT

EXTENTOF BELOW

INVESTMENTGRADE

SECURITIES

EXTENT OF UNRATED

SECURITIES

EXTENT OF UNLISTED

SECURITIES

(1) (2) (3) (4) (5) (6) (7)1 PSU 340.01 279.55 0.00 3.00 0.002 FIs 957.18 403.99 0.00 31.85 36.843 Banks 846.90 770.68 1.00 0.00 5.004 Private Corporates 627.02 365.52 0.00 4.73 6.385 Subsidiaries/Joint Ventures * 136.35 0.00 0.00 0.00 57.48

6 Others 129.50 4.42 0.00 0.00 3.427 Provision held towards

depreciation(331.12) 0.00 0.00 0.00 0.00

Total * 2705.84 1824.16 1.00 39.58 109.12 * includes Rs.7.11 Crore (previous year Rs 7.11 crore) as additional Capital Contribution to Regional Rural Banks,

pending allotment of shares.

ii) Non Performing Non-SLR Investments (Rs in crore)Particulars 2008-09 2007-08

Opening Balance 4.89 0.53Additions during the year 0.00 4.94Reduction during the year 0.00 0.58Closing Balance 4.89 4.89Total Provisions held 4.89 4.89

3. DERIVATIVES3.1 Forward Rate Agreements/ Interest Rate Swaps (IRS) (Rs. in crore)

Items 31.03.2009 31.03.2008

i) The notional Principal of Swap agreement 30.85 25.00ii) Losses which would be incurred if counterparties failed to fulfi ll their obligations under the agreement Nil Niliii) Collateral required by bank upon entering into swaps Nil Niliv) Concentration of Credit Risk arising from the swaps 0.154 0.125v) The fair value of swap book Nil 0.49

90

VwbZ nÌ H$s AmpñV`m| Ed§ Xo`VmAm| H$s n«{Vajm Ho$ {bE {gV§~a 2005 Ho$ Xm¡amZ ~¢H$ Zo ã`mO Xa ñd¡n (AmB©AmaEg) Ho$ ñdê$n Ho$ ì`wËnÝZ H$ama {H$E& nm±M dfm|© H$s _yb Ad{Y Ho$ {bE ñd¡nm| H$s H$mën{ZH$ _yb am{e é.25.00 H$amo‹S> Wr& n«{Vajm n«`moOZm| Ho$ {bE ^maVr` én`m| _| ã`mO Xa ñd¡n {H$`m J`m& ~H$m`m ñd¡n H$s pñW{V {Z`V ã`mO n«má H$aZo Am¡a Mb ã`mO Xa AXm H$aZo Ho$ {bE Wr& ~¢H$ Zo AmB© Ama Eg g§{dXm H$mo 11 Zd§~a 2008 H$mo g_má {H$`m& 31 03 2009 VH$ AmB© Ama Eg Ho$ VhV H$moB© ~H$m`m am{e Zht Wr&

VwbZ nÌ H$s AmpñV`m| Ed§ Xo`VmAm| H$s n«{Vajm Ho$ {bE 2008-09 Ho$ Xm¡amZ qgJmnwa emIm Zo ã`mO Xa ñd¡n (AmB©AmaEg) Ho$ ñdê$n Ho$ ì`wËnÝZ H$ama {H$E& VrZ dfm|© H$s _yb Ad{Y Ho$ {bE ñd¡nm| H$s H$mën{ZH$ _yb am{e EgOrS>r 9.250 E_AmB©Amo (^maVr` én`o 30.85 H$amoS>) Wr& n«{Vajm n«`moOZm| Ho$ {bE ã`mO Xa ñd¡n {H$`m J`m& ~H$m`m ñd¡n H$s pñW{V {Z`V ã`mO n«má H$aZo Am¡a Mb ã`mO Xa AXm H$aZo Ho$ {bE Wr&

nwZarjm df© Ho$ Xm¡amZ ~¢H$ Zo H$moB© dm`Xm Xa H$ama Zht {H$`m h¡&

3.2. {d{Z_` ì`mnma {H$E JE ã`mO Xa ì`wËnÝZ … nwZarjm df© Ho$ Xm¡amZ ~¢H$ Zo {d{Z_` ì`mnma {H$E JE ã`mO Xa ì`wËnÝZ Ho$ {bE H$moB© H$ama Zht {H$`m h¡&

3.3. ì`wËnÝZm| _| F$U Omo{I_ …

3.3.1. JwUmË_H$ n«H$Q>rH$aU

AmpñV Xo`Vm n«~§YZ g{_{V / Omo{I_ n«~§YZ g{_{V VWm {Z{Y Am¡a {Zdoe g{_{V Ho$ {ZXoem| Ho$ AZwgma Am¡a AmpñV d Xo`Vm g§{d^mJ / ã`mO Ho$ nydm©Zw_mZ Ho$ AmYma na ~¢H$ AmB©AmaEg boZXoZ H$aVm ahm h¡& X¡{ZH$ ñd¡n pñW{V H$s [anmoQ©> Cƒ n«~§YZ H$mo Xr OmVr h¡ Am¡a _m{gH$ [anmoQ©> {Z{Y Ed§ {Zdoe g{_{V H$mo Xr OmVr h¡&

AmB©AmaEg H$m Cn`moJ H$aVo hþE ~¢H$ AmpñV`m| VWm Xo`VmAm| H$s n«{Vajm H$a ahm h¢& CnM` AmYma na hoqOJ boZXoZm| H$mo {hgm~ _| {b`m OmVm h¡& Eogo ñd¡n H$mo Omo ã`mO H$_mZodmbr AmpñV / Xo`Vm H$s n«{Vajm H$aVo h¢, hoO H$s JB© AmpñV `m Xo`Vm Ho$ ê$n _| {hgm~ _| {b`m OmVm h¡& ~H$m`m ñd¡n g§d{XmE§ ~mµOma H$mo _mH©$ {H$E OmZo Ho$ AmYma na h¡&

A§Vam©ï´>r` ñd¡n S>rba g§K Ho$ {Xem{ZX}em| Ho$ AmYma na g^r ñd¡n boZXoZ {H$E JE h¢& boZXoZm| H$mo g_má H$aZo Ho$ nhbo ~¢H$ Ho$ nmg n`m©á Am§V[aH$ AZw_moXZ Am¡a {Z`§ÌU n«Um{b`m± CnbãY h¢& (i) ì`mnma (S>rqbJ) (ii) ~¡H$-Am°{µ\$g (g_Pm¡Vm, {ZJamZr Am¡a {Z`§ÌU) VWm (iii) boImH$aU joÌm| Ho$ ~rM EH$ ñnï> H$m`©H$mar n¥WŠH$aU CnbãY h¡&

3.3.2. _mÌmË_H$ n«H$Q>rH$aU(é. H$amo‹S>m| _|)

H«$_ g§. {ddaU ã`mO Xa ì`wËnÝZ

2008-09 2007-081. ì`wËnÝZ (H$mën{ZH$ _yb aH$_)

H$) n«{Vajm Ho$ {bE 30.85 25.00

I) ì`mnma Ho$ {bE ----- -----2. ~mµOma {ñW{V na A§pH$V (1)

H$) AmpñV (+) 0.37 0.00

I) Xo`Vm (-) 0.00 -0.493. F$U Omo{I_ (2) 0.154 0.1254. * ã`mO Xa _| EH$ n«{VeV ~Xbmd H$m g§^mì` n«^md (100 * nrdr 01)

H$) n«{Vajm ì`wËnÝZ na 0.56 0.54

I) ì`mnma ì`wËnÝZ na 0.00 0.005. * df© Ho$ Xm¡amZ nmE JE 100 nrdr 01 H$m b{jV A{YH$V_ d Ý`yZV_

H$) n«{Vajm na

A{YH$V_ 0.96 0.69

Ý`yZV_ 0.37 0.54

I) ì`mnma na

A{YH$V_ bmJy Zht bmJy Zht

Ý`yZV_ bmJy Zht bmJy Zht * n«~§YZ Ûmam n«_m{UV {H$E JE AZwgma nwZarjm df© Ho$ Xm¡amZ ~¢H$ Zo H$moB© _wX«m ì`wËnÝZ Zht {H$`m h¡&


91

The bank entered into Derivatives contracts of the nature of Interest Rate Swap (IRS) during September 2005, to hedge on Balance Sheet Assets and Liabilities. The notional principal value of Swaps was Rs.25 crore for an original tenor of fi ve years. Interest Rate Swap in Indian Rupees was undertaken for hedging purposes. The outstanding swap position was to receive fi xed interest and to pay fl oating rate of interest. The Bank unwound the IRS contract on 11th November 2008. There is no outstanding balance under IRS as on 31/03/2009.

Singapore branch entered into Derivatives contracts of the nature of Interest Rate Swaps (IRS) during 2008-09 to hedge on Balance sheet assets and Liabilities. The notional principal value of Swaps was SGD 9.250 mio (INR 30.85 crores) for an original tenor of upto 3 years. IRS was undertaken for hedging purposes. The outstanding Swap position was to receive Floating interest and pay Fixed rate of interest.

The Bank has not entered into any Forward Rate Agreement during the year under review.

3.2 Exchange Traded Interest Rate Derivatives

The bank has not contracted any Exchange Traded Interest Rate Derivatives during the year under review.

3.3 Risk Exposure in Derivatives

3.3.1 Qualitative Disclosures :

Bank has been dealing in IRS based on the Asset & Liability portfolio / forecast of interest and as per the directions of Asset Liability Management Committee /Risk Management Committee/ Funds and Investments Committee, daily swap position is reported to the Top Management and monthly to the Funds and Investments Committee.

Bank has been doing hedging of asset as well as liability using IRS. The hedging transactions have been accounted on an accrual basis. Swaps, which hedge interest bearing asset / liability, are accounted for as the asset or liability hedged. Valuation of outstanding swap contracts is on marked to market basis.

All swap deals have been undertaken based on the guidelines of International Swaps Dealers’ Association. Bank has adequate internal approvals and control systems prior to concluding transactions. There exists a clear functional segregation between (i) trading (dealing) (ii) back offi ce (settlement, monitoring and control) and (iii) accounting sections.

3.3.2 Quantitative Disclosures: (Rs.in crore)

Sl.No. Particular Interest Rate Derivatives

2008-09 2007-081 Derivatives (Notional Principal Amount)

a) For hedging 30.85 25.00

b) For trading 0.00 0.00

2 Marked to Market Positions (1)

a) Asset (+) 0.37 0.00

b) Liability (-) 0.00 - 0.49

3 Credit Exposure (2) 0.154 0.1254 * Likely impact of one percentage change in interest rate (100*PV01)

a) On hedging derivatives 0.56 0.54

b) On trading derivatives 0.00 0.00

5 * Maximum and Minimum of 100*PV01 observed during the year a) On hedging

Maximum 0.96 0.69Minimum 0.37 0.54

b) On tradingMaximum NA NAMinimum NA NA

* as certifi ed by the Management The bank has not dealt in any currency derivatives during the year under review.

92

3.4 EMQ>rE_ dJ© go n«{V^y{V`m| H$s {~H«$s Ho$ H$maU n«má é.24.13 H$amo‹S> Ho$ bm^ (JV df© 1.37 H$amo‹S>) H$mo bm^ hm{Z boIo _| {b`m J`m h¡ Am¡a VËníMmV² ny§Or Ama{jV ImVo Ho$ n«{V CgH$m {d{Z`moOZ {H$`m J`m h¡&

3.5. df© Ho$ Xm¡amZ ~¢H$ Zo {~H«$s Ho$ {bE CnbãY gd§J© _| aIr hþB© AnZr gaH$mar n«{V^y{V`m| (EgEbAma) Ho$ EH$ ^mJ H$mo Ý`yZV_ bmJV / ~hr _yë` / ~mµOma _yë` na Omo ^r H$_ hmo EMQ>rE_ g§dJ© _| A§V[aV {H$`m Vm{H$ {d{Z`m_H$ {Xem{ZX}em| H$m AZwnmbZ {H$`m Om gHo$& é.1763.42 H$amo‹S> (JV df© é.1577.75 H$amo‹S>) H$s n«{V^y{V`m§ Ho$ A§VaU Ho$ H$maU é.37.90 (JV df© é.178.68 H$amo‹S>) H$m _yë`h«mg hþAm&

3.6. EMQ>rE_ gd§J© Ho$ VhV dJuH¥$V n«{V^y{V`m| Ho$ _m_bo _|, `{X AO©Z H$s bmJV CgHo$ A§{H$V _yë` go A{YH$ hmo, Vmo n[an¹$Vm Ho$ {bE eof Ad{Y _| n«r{_`_ H$mo n[aemo{YV H$a {X`m OmEJm& {dËVr` df© 2008-09 _| é.53.72 H$amo‹S> (JV df© _| é.77.06 H$amo‹S>) H$s am{e H$mo n[aemo{YV {H$`m H$m MwH$m h¡ VWm Bgo ‘’{Zdoem|na Am`’’ Ho$ A§VJ©V H$Q>m¡Vr Ho$ ê$n _| Xem©`m J`m h¡&

4. AmpñV JwUdËVm

4.1. J¡a-{ZînmXH$ AmpñV`m±

_X| 2008-09 2007-08(i) {Zdb A{J«_m| H$s VwbZm _| {Zdb EZnrE (%) 0.18 0.24(ii) gH$b EZnrE _| CVma-MT>md (E) AWeof 486.87 545.81 (~r) df© Ho$ Xm¡amZ Omo‹S> 228.93 443.70 (gr) df© Ho$ Xm¡amZ H$Q>m¡Vr 256.62 502.65 (S>r) A§V eof 459.18 486.87(iii) {Zdb EZnrE _| CVma-MT>md (E) AWeof 97.59 102.13

(~r) df© Ho$ Xm¡amZ Omo‹S> 149.80 216.40 (gr) df© Ho$ Xm¡amZ H$Q>m¡Vr 153.58 220.94 (S>r) A§V eof 93.81 97.59(iv) EZnrE Ho$ {bE n«mdYmZm| _| CVma-MT>md (_mZH$ AmpñV`m| na n«mdYmZm| Am¡a Mb n«mdYmZm| H$mo N>mo‹S>H$a) (E) AWeof 219.60 275.46 (~r) df© Ho$ Xm¡amZ {H$E JE n«mdYmZ 16.29 369.38 (gr) A{V[aŠV n«mdYmZm| H$mo ~Q²>Qo>ImVo _| S>mbZm/nwZam§H$Z H$aZm 40.39 425.24 (S>r) A§V eof 195.50 219.60

4.2 nwZ…g§a{MV ImVm| H$m {ddaU (é. H$amo‹S>m| _|)2008-09

grS>rAma_oH$m{ZO_

EgE_B© F$U nwZ… g§aMZm

AÝ`

nwZ…g§a{MV _mZH$ A{J«_ CYmaH$Vm©Am| H$s g§»`m 2 1863 47094~H$m`m am{e 83.68 384.41 2132.83A{YË`mJ (C{MV _yë` _| H$_r ) 5.46 3.56 27.36

nwZ…g§a{MV Ad_mZH$ A{J«_

CYmaH$Vm©Am| H$s g§»`m --- 60 1467

~H$m`m am{e --- 3.74 21.72A{YË`mJ (C{MV _yë` _| H$_r ) --- 0.05 0.04

nwZ…g§a{MV g§{X½Y A{J«_

CYmaH$Vm©Am| H$s g§»`m --- 11 447

~H$m`m am{e --- 0.21 4.62A{YË`mJ (C{MV _yë` _| H$_r ) --- 0 0

Hw$b CYmaH$Vm©Am| H$s g§»`m 2 1934 49008~H$m`m am{e 83.68 388.36 2159.17A{YË`mJ (C{MV _yë` _| H$_r ) 5.46 3.61 27.41

(é. H$amo‹S>m| _|)


93

3.4 Profi t on account of sale of securities from HTM category amounting to Rs.24.13 crore (previous year Rs.1.37 crore) has been taken to Profi t and Loss Account and thereafter appropriated towards ‘Capital Reserve Account’.

3.5 During the year, the Bank had transferred a portion of its Government Securities (SLR) held in the Available For Sale category to the HTM category at the least of Cost/Book Value/Market price pursuant to enabling regulatory guidelines. The shifting of securities of Rs.1763.42 crore (previous year Rs.1577.75 crore) resulted in a depreciation of Rs.37.90 crore (previous year Rs.178.68 crore).

3.6 In case of securities classifi ed under HTM category, if acquisition cost is more than the face value, the premium is amortized over the remaining period to maturity. For the Financial Year 2008-09, a sum of Rs.53.72 crore (previous year Rs.77.06 crore) has been amortized and the same is refl ected as a deduction from ‘Income on Investments’.

4. ASSETS QUALITY

4.1 Non-Performing Assets (Rs. In crore)Items 2008-09 2007-08

(i) Net NPAs to Net Advances (%) 0.18 0.24(ii) Movement of NPAs Gross(a) Opening Balance 486.87 545.81(b) Additions during the year 228.93 443.70(c) Reduction during the above period 256.62 502.64(d) Closing Balance 459.18 486.87(iii) Movement of Net NPAs(a) Opening Balance 97.59 102.13(b) Additions during the year 149.80 216.40(c) Reduction during the above period 153.58 220.94(d) Closing Balance 93.81 97.59(iv) Movement of Provision for NPAs (excluding provisions on standard assets and Floating Provisions)(a) Opening Balance 219.60 275.46(b) Provisions made during the year 16.29 369.38(c) Write-off / write-back of excess provision 40.39 425.24(d) Closing Balance 195.50 219.60

4.2 Particulars of Accounts Restructured (Rs. In crore)2008-09

CDR Mechanism SME Debt Restructuring

Others

Standard advancesrestructured

No. of Borrowers 2 1863 47094

Amount outstanding 83.68 384.41 2132.83Sacrifi ce (diminution in the fair value) 5.46 3.56 27.36

Sub Standardadvancesrestructured

No. of Borrowers --- 60 1467Amount outstanding --- 3.74 21.72Sacrifi ce (diminution in the fair value) --- 0.05 0.04

Doubtful advancesrestructured

No. of Borrowers --- 11 447Amount outstanding --- 0.21 4.62Sacrifi ce (diminution in the fair value) --- 0 0

TOTAL

No. of Borrowers 2 1934 49008Amount outstanding 83.68 388.36 2159.17Sacrifi ce (diminution in the fair value) 5.46 3.61 27.41

94

4.3 nwZ…g§a{MV ImVm| Ho$ g§~§Y _| A{V[aŠV n«H$Q>rH$aU (n«~§YZ Ûmam g§H${bV {H$ò Jò AZwgma)

H«$_ g§. n«H$Q>rH$aU g§»`m am{e (é. H$amoS>m| _|)

1. 1 {gV§~a 2008 VH$ _mZH$ aho ImVm| Ho$ g§~§Y _| nwZ…g§aMZm Ho$ {bE 31 _mM© 2009 VH$ n«má AmdoXZ 49173 3833.55

2. CŠV(1) _| go 31 _mM© 2009 VH$ AZw_mo{XV Am¡a H$m`m©pÝdV n«ñVmd Am¡a Bg n«H$ma {d{Z`m_H$ ì`dhma Ho$ {bE `mo½` ~Z JE Am¡a VwbZ nÌ H$s {V{W H$mo _mZH$ AmpñV`m| Ho$ ê$n _| dJuH¥$V {H$E JE&

48959 2600.92

3. CŠV (1) _| go 31 _mM© 2009 VH$ AZw_mo{XV Am¡a H$m`m©pÝdV n«ñVmd, qH$Vw _mZH$ dJ© _| CZH$m CÝZ`Z Zht {H$`m Om gH$m&

54 4.68

4. CŠV (1) _| go g§gmYZ/H$m`m©Ýd`Z Ho$ VhV aho n«ñVmd Omo 31 _mM© 2009 VH$ _mZH$ Wo& 130 1226.66

5. CŠV (1) _| go g§gmYZ/H$m`m©Ýd`Z Ho$ VhV aho n«ñVmd Omo 31 _mM© 2009 H$mo EZnrE ~Z JE, qH$Vw n¡Ho$O Ho$ nyU© H$m`m©Ýd`Z na _mZH$ AmpñV`m| Ho$ ê$n _| dJuH¥$V {H$E OmZo H$m AZw_mZ h¡&

1 0.25

4.4 n«{V^y{VH$aU/AmpñV nwZ{Z©_m©U Ho$ {bE nwZ{Z_m©U H§$nZr H$mo ~oMr JB© {dËVr` AmpñV`m| H$m {ddaU é. H$amoS>m| _|)

n«H$Q>rH$aU 2008-09 2007-09

(i) ImVm| H$s g§»`m eyÝ` 13

(ii) Eggr/Amgr H$mo ~oMo JE ImVmo H$m gH$b _yë` (n«mdYmZm| go {Zdb) eyÝ` 0.00

(iii) gH$b n«{V\$b eyÝ` 183.26

(iv) {nN>bo dfm}§ _| A§V[aV ImVo Ho$ g§~§Y _| dgybm J`m A{V[aŠV n«{V\$b eyÝ` 0.00

(v) {Zdb ~hr _yë` na gH$b bm^/hm{Z eyÝ` 183.26

4.5. IarXr / ~oMr J`r J¡a {ZînmXH$ {dËVr` AmpñV`m| Ho$ {ddaU E. IarXr J`r J¡a-{ZînmXH$ {dËVr` AmpñV`m| Ho$ {ddaU (é. H$amo‹S> _o§)

{ddaU 2008-09 2007-08

1. (H$) df© Ho$ Xm¡amZ IarXo Jò ImVm| H$s g§»`m eyÝ` eyÝ`

(I) ~H$m`m Hw$b eof eyÝ` eyÝ`

2. (H$) BZ_o go df© Ho$ Xm¡amZ nwZ… g§a{MV ImVm| H$s g§»`m eyÝ` eyÝ`

(I) ~H$m`m Hw$b eof eyÝ` eyÝ`

~r. ~oMr J`r J¡a-{ZînmXH$ {dËVr` AmpñV`m| Ho$ {ddaU (é. H$amo‹S> _o§)

{ddaU 2008-09 2007-08

1. ~oMo JE ImVm| H$s g§»`m eyÝ` eyÝ`

2. ~H$m`m Hw$b eof eyÝ` eyÝ`

3. n«má Hw$b n«{V\$b eyÝ` eyÝ`

4.6. _mZH$ AmpñV`m| Ho$ {bE n«mdYmZ (é. H$amo‹S> _o§)

_X| 2008-09 2007-08

^maVr` [aµOd© ~¢H$ Ûmam Omar {ddoH$nyU© _mZX§S>m| Ho$ AZwgma df© Ho$ Xm¡amZ _mZH$ AmpñV`m| Ho$ n«{V {H$E JE n«mdYmZ 40.86 95.59

5. ì`mnma AZwnmV

_X| 2008-09 2007-08

(i) H$m`©erb {Z{Y Ho$ n«{VeV Ho$ ê$n _| ã`mO Am` 8.90 8.49

(ii) H$m`©erb {Z{Y Ho$ n«{VeV Ho$ ê$n _| J¡a-ã`mO Am` 1.35 1.64

(iii) H$m`©erb {Z{Y Ho$ n«{VeV Ho$ ê$n _| n[aMmbZ bm^ 2.90 2.70

(iv) AmpñV`m| na n«{Vbm^ (%) 1.62 1.64

(v) H$mamo~ma (O_mE± Ed§ A{J«_) n«{V H$_©Mmar (é. H$amoS> _|) 6.17 4.88

(vi) n«{V H$_©Mmar bm^ (é. bmI _|) 6.23 4.91


95

4.3 Additional disclosures regarding restructured accounts (as compiled by the management)S No. Disclosure Number Amount (Rs in crore.)

1. Application received up to March 31, 2009 for restructuring, in respect of accounts which were standard as on September 1, 2008 49173 3833.55

2. Of (1), proposals approved and implemented as on March 31, 2009 and thus became eligible for special regulatory treatment and classifi ed as standard assets as on the date of the balance sheet

48959 2600.92

3. Of (1), proposals approved and implemented as on March 31, 2009 but could not be upgraded to the standard category

54 4.68

4. Of (1), proposals under process/ implementation which were standard as on March 31, 2009

130 1226.66

5. Of (1), proposals under process/ implementation which turned NPA as on March 31, 2009 but are expected to be classifi ed as standard assets on full implementation of the package

1 0.25

4.4 Details of fi nancial assets sold to Securitisation / Reconstruction Company for Asset Reconstruction(Rs. In crore)

Items 2008-09 2007-08(i) No. of Accounts Nil 13(ii) Aggregate value (net of provisions) of accounts sold to SC/RC Nil 0.00(iii) Aggregate consideration Nil 183.26(iv) Additional consideration realised in respect of account transferred in earlier years Nil 0.00(v) Aggregate gain/ loss over net book value Nil 183.26

4.5 Details of non-performing fi nancial assets purchased /sold

A. Details of non-performing fi nancial assets purchased: (Rs. In crore)

Particulars 2008-09 2007-081. (a) No. of accounts purchased during the year NIL NIL (b) Aggregate outstanding NIL NIL2. (a) Of these, number of accounts restructured during the year NIL NIL (b) Aggregate outstanding NIL NIL

B. Details of non-performing fi nancial assets sold (Rs. In crore)Particulars 2008-09 2007-081. No. of accounts sold NIL NIL2. Aggregate Outstanding NIL NIL3. Aggregate consideration received NIL NIL

4.6 Provision on Standard Assets (Rs. In crore)

Items 2008-09 2007-08Provision towards Standard Assets made during the year as per prudential norms issued by RBI 40.86 95.59

5. Business RatiosItems 2008-09 2007-08

(i) Interest Income as a percentage to Working Funds 8.90 8.39(ii) Non-Interest Income as a percentage to Working Funds 1.35 1.74(iii) Operating Profi t as a percentage to Working Funds 2.90 2.70(iv) Return on Assets (%) 1.62 1.64(v) Business (Deposits plus Advances) per employee (Rs. in Crore) 6.17 4.88(vi) Profi t per employee (Rs in lakh) 6.23 4.91

96

6. AmpñV Xo`Vm n«~§YZ AmpñV`m| d Xo`VmAm| H$s Hw$N> _Xm| H$m n[an¹$Vm n¡Q>Z© (~¢H$ Ûmam `Wm g§H${bV ) (é. H$amo‹S> _o§)

1-14 {XZ 15-28 {XZ 29 {XZ VWm 3 _hrZm| VH$

3 _hrZm| go A{YH$ VWm 6

_hrZm| VH$

6 _hrZm| go A{YH$ VWm 1

df© VH$

1 df© go A{YH$ VWm 3 dfm|© VH$

3 dfm|© go A{YH$ VWm 5 dfm|© VH$

5 dfm|© go A{YH$

Hw$b

O_mE§ 3684.47 1904.25 5575.59 9823.72 16295.66 25740.67 841.86 8715.62 72581.84

A{J«_ 2494.42 1849.90 5733.94 3269.93 5593.75 17287.75 6734.24 8201.35 51465.28

{Zdoe 1550.18 949.79 1707.99 2176.75 4584.58 6801.99 874.01 4155.28 22800.57

CYma 128.87 --- 0.34 35.90 40.64 532.28 2.33 90.43 * 830.79

{dXoer _wX«m AmpñV`m§

330.61 582.52 1110.27 475.31 452.52 722.30 490.39 443.04 4606.96

{dXoer _wX«m Xo`VmE§

692.93 312.86 947.45 748.18 767.62 768.44 14.86 0.04 4252.38

*300 H$amoS> é Ho$ fV;j µ II ~m§S> g{hV

7. g§dXoZerb joÌ H$mo CYma (~¢H$ Ûmam `Wm g§H${bV)

7.1. [a`b EñQo>Q> joÌ H$mo F$U (é. H$amo‹S> _o§)

g§dJ© 31-03-2009 31-03-2008

E) n«Ë`j F$U

(i) Kaoby ~§YH$ 5400.85 4554.33

{Og_| go d¡`pŠVH$ J¥h F$U Omo n«mW{_H$Vm joÌ Ho$ VhV em{_b {H$E OmZo hoVw `mo½` h¡ 3806.37 3319.16

(ii) dm{UpÁ`H$ [a`b EñQo>Q> 4963.58 3619.82

(iii) ~§YH$ g_{W©V n«{V^y{V`m| (E~rEg) _| {Zdoe Am¡a AÝ` n«{V^y{VH¥$V F$U

H$) Kaoby 3.27 4.89

I) dm{UpÁ`H$ [a`b EñQo>Q> eyÝ` eyÝ`

~r) An«Ë`j F$U

EZEM~r VWm EME\$gr na {Z{Y VWm J¡a-{Z{Y AmÜmm[aV F$U 1181.75 379.27

7.2. ny§Or ~mOma _| EŠgnmoOa (é H$amo‹S>mo _|)

_X 31.03.2009 31.03.2008

(i) n«Ë`j {Zdoe

B{¹$Q>r eoà _| 402.48 395.29

~m§S²>g/n[adV©Zr` {S>~|Mam| _| eyÝ` eyÝ`

B{¹$Q>r CÝ_wI å`yMwAb \§$S>m| Ho$ `y{ZQ>m| _| {OgH$m H$m°ang _mÌ H$mnm}aoQ> F$U _| {Zdoe Zht {H$`m J`m h¡& 94.00 74.00

(ii) ì`pŠV`m| H$mo B©{¹$Q>r eoàm| (AmB©nrAmo/B©EgAmonr g{hV) n[adV©Zr` ~m§S>m| Ed§ n[adV©Zr` {S>~|Mam|, B{¹$dQ>r CÝ_wI å`yMwAb \§$S>m| Ho$ `y{ZQ>m| _| {Zdoe Ho$ {bE eoàm|/ ~m§S>m|/ {S>~|Mam| H$s O_mZV na A{J«_

174.81 257.68

(iii) {H$gr AÝ` n«`moOZ Ho$ {bE A{J«_ Ohm§ eoàm| `m n[adV©Zr` ~m§S>m| `m n[adV©Zr` {S>~|Mam| `m B{¹$dQ>r CÝ_wI å`yMwAb \§$S>m| Ho$ `y{ZQ>m| H$mo n«mW{_H$ O_mZV Ho$ ê$n _| {b`m OmVm h¡&

255.19 204.35

(iv) {H$gr AÝ` n«`moOZ Ho$ {bE A{J«_ Omo{H$ eoàm| AWdm Cg gr_m VH$ n[adV©Zr` ~m§S>m| `m n[adV©Zr` {S>~|Mam| `m B©{¹$Q>r CÝ_wI å`yMwAb \§$S>m| Ho$ `y{ZQ>m| Ûmam n«Ë`m^yV h¢ AWm©V eoàm|/ n[adV©Zr` ~m§S>m| `m n[adV©Zr` {S>~|Mam| `m B©{¹$Q>r CÝ_wI å`yMwAb \§$S>m| Ho$ `y{ZQ>m| Ho$ Abmdm n«mW{_H$ n«{V^y{V A{J«_m| H$mo nyU©V… H$da Zht H$aVr&

eyÝ` eyÝ`

(v) ñQ>m°H$ ~«moH$am| H$mo n«Ë`m^yV Am¡a An«Ë`m^y_ A{J«_ Ed§ ñQ>m°H$ ~«moH$am| VWm _mH}$Q> _oH$am| H$s Amoa go Omar Jma§{Q>`m§& 210.56 217.50

(vi) òmoVm| H$mo CnbãY H$amZo H$s n«Ë`mem _| ZB© H§$n{Z`m| H$s B©{¹$Q>r Ho$ {bE n«dV©H$ Ho$ A§eXmZ H$mo nyam H$aZo Ho$ {bE eoàm|/~m§S>m|/{S>~|Mam| AWdm AÝ` n«{V^y{V`m| Ho$ {dê$Õ AWdm {Z…eV© AmYma na H$mnm}aoQ>m| H$mo _§Oya F$U&

eyÝ` eyÝ`


97

6. Asset Liability Management Maturity Pattern of certain items of Assets and Liabilities (As compiled by the Bank) (Rs. In crore)

1-14 Days 15-28 Days

29 Days & upto 3 months

Over 3 months &

upto 6 months

Over6months & upto 1 year

Over 1 year & upto 3

years

Over 3 years & upto 5

years

Over 5 years

Total

Deposits 3684.47 1904.25 5575.59 9823.72 16295.66 25740.67 841.86 8715.62 72581.84Advances 2794.42 1849.90 5733.94 3269.93 5593.75 17287.75 6734.24 8201.35 51465.28Investments 1550.18 949.79 1707.99 2176.75 4584.58 6801.99 874.01 4155.28 22800.57Borrowings 128.87 ---- 0.34 35.90 40.64 532.28 2.33 90.43 *830.79Foreign Currency Assets 330.61 582.52 1110.27 475.31 452.52 722.30 490.39 443.04 4606.96Foreign Currency Liabilities 692.93 312.86 947.45 748.18 767.62 768.44 14.86 0.04 4252.38

* Includes Tier II Bonds of Rs.300 crore.

7. Lending to Sensitive Sector (As compiled by the Bank)

7.1 Exposure to Real Estate Sector (Rs. In crore)Category 31.03.2009 31.03.2008

A) Direct Exposure (i) Residential Mortgages - 5400.85 4554.33 Out of which individual housing loans eligible for being included under priority sector 3806.37 3319.16 (ii) Commercial Real Estate - 4963.58 3691.82

(iii) Investment in Mortgage Backed Securities (MBS) and other securitised exposure

a) Residential 3.27 4.89 b) Commercial Real Estate NIL NIL

B) Indirect ExposureFund based and Non-fund based exposure on National Housing Bank and Housing Finance Corporation 1181.75 379.27

7.2 Exposure to Capital Market (Rs. In crore)Items 31.03.2009 31.03.2008

(i) Direct investment In equity shares 402.48 395.29In bonds/ convertible debentures NIL NILIn units of equity- oriented mutual funds the corpus of which is not exclusively invested in corporate debt 94.00 74.00(ii) Advances against shares/bonds/debentures or other securities or on clean basis to individuals for investment in equity shares (including IPOs/ESOPs) convertible bonds and convertible debentures, units of equity oriented mutual funds 174.81 257.68(iii) Advances for any other purposes where shares or convertible bonds or convertible debentures or units of equity oriented mutual funds are taken as primary security 255.19 204.35(iv) 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 advances NIL NIL

(v) Secured and Unsecured advances to stockbrokers and guarantees issued on behalf of stockbrokers and market makers 210.56 217.50

98

(vii) n«Ë`m{eV B{¹$Q>r n«dmhm|/{ZJ©_m| Ho$ {dê$Õ H§$n{Z`m| H$mo {~«O bmoZ& eyÝ` eyÝ`

(viii) eo`am| AWdm n[adV©Zr` ~m§S>m| AWdm n[adV©Zr` {S>~|Mam| `m B©{¹$Q>r CÝ_wI å`yMwAb \§$S>m| Ho$ `y{ZQ>m| Ho$ n«mW{_H$ {ZJ©_ Ho$ g§~§Y _| ~¢H$m| Ûmam Xr JB© hm_rXmar n«{V~ÕVmE§&

eyÝ` eyÝ`

(ix) _m{O©Z Q´o>qS>J hoVw ñQ>m°H$ ~«moH$am| H$mo {dËVr`Z eyÝ` eyÝ`

(x) CÚ_ ny§Or {Z{Y`m| (n§OrH¥$V Am¡a An§OrH¥$V XmoZmo) Ho$ g^r EŠnmoOam| H$mo B©{¹$Q>r Ho$ g__yë` na _mZm OmEJm Am¡a Bg{bE ny§Or ~mOma EŠgnmoOa gr_mAm| (n«Ë`j Ed§ An«Ëµ`j XmoZmo) Ho$ AZwnmbZ hoVw AmH$bZ _| {b`m OmEJm&

9.50 6.00

ny§Or ~mOma H$mo Hw$b EŠgnmoOa 1146.54 1154.82

7.3 Omo{I_ dJ©dma Xoe EŠgnmoOa

F$U Omo{I_ * 31 _mM© 2009 VH$ F$U ({Zdb)

31 _mM© 2009 VH$ {H$E JE n«mdYmZ

31 _mM© 2008 VH$ F$U ({Zdb)

31 _mM© 2008 VH$ {H$E JE n«mdYmZ

ZJÊ` 3020.22 3.22 2347.35 2.02

Ý`yZ 890.93 .. 613.22 ..

_Ü`_ ê$n go Ý`yZ 208.37 .. 129.86 ..

_Ü`_ 8.56 .. 11.02 ..

_Ü`_ ê$n go Cƒ 25.71 .. 30.49 ..

Cƒ 53.27 .. 39.33 ..

gdm©oƒ 0.00 .. 0.18 ..

Hw$b 4207.06 3.22 3171.45 2.02

* B©grOrgr Ho$ {XZm§H$ 05.12.2008 Ho$ n[anÌ Ho$ AZwgma AÚVZ ~ZmE JE Xoe Omo{I_ Ho$ AmYma na

Xoe {deof H$mo n«XËV F$U H$m Omo{I_ n«~§YZ …

~¢H$ Zo 31.03.2009 H$mo {d{^ÝZ Xoem| H$mo n«XËV {Zdb F$U H$m {díbofU {H$`m h¡ Am¡a qgJmnwa H$mo N>mo‹S> H$a AÝ` Xoem| Ho$ n«{V `h F$U ~¢H$ H$s Hw$b AmpñV`m| Ho$ 1n«{VeV H$s {ZYm©[aV gr_m Ho$ ^rVa h¡& qgJmnwa Ho$ g§~§Y _|, {Ogo B©grOrgr {b{_Qo>S> Zo J¡a _hËdnyU© F$U Omo{I_ g§dJ© Ho$ AYrZ dJuH¥$V {H$`m h¡, é.3.22 H$amo‹S> (JV df© é.2.02 H$amo‹S>) H$m n«mdYmZ CnbãY h¡&

7.4 ~¢H$ Ûmam EH$b CYmaH$Vm© gr_m (Eg~rEb), g_yh CYmaH$Vm© gr_m (Or~rEb) Ho$ A{VH«$_U Ho$ {ddaU

gm_mÝ` n[apñW{V`m| _| EH$b CYmaH$Vm© F$U H$s AZw_o` gr_m, 787.70 H$amo‹S> é. Am¡a ~¢H$ Ho$ {ZXoeH$ _§S>b Ho$ AZw_moXZ Ho$ gmW AndmX ñdê$n n[apñW{V`m| _| 1050.27 H$amo‹S> é. h¡& (31.03.2008 H$mo ny±Or {Z{Y`m| H$m H«$_e… 15 n«{VeV/20 n«{VeV)

31.03.2009 H$mo g_má df© Ho$ Xm¡amZ, ~¢H$ Zo ^maVr` [aµOd© ~¢H$ Ho$ {ZX}em| Ûmam {ZYm©[aV gm_mÝ` {ddoH$s F$U gr_m H$m A{VH«$_U {H$gr EH$b/g_yh/~w{Z`mXrg§aMZm joÌ ImVo _| Zht {H$`m h¡, {gdm` {ZåZ ImVo H$mo N>mo‹S>H$a Ohm± Amndm{XH$ n[apñW{V`m| Ho$ A§VJ©V df© Ho$ Xm¡amZ ZrMo n«H$Q> {H$E AZwgma A{V[aŠV F$U {XE JE …

CYmaH$Vm© H$m Zm_ A{V[aŠV F$U Hw$b CƒV_ F$U A{V[aŠV F$U H$m % Hw$b F$U H$m %

_ogg© H$ënVé nmda Q´>mÝg{_eZ {b{_Qo>S> 7.67 795.37 0.15% 15.15 %

g^r A{V[aŠV F$U gr_mE± Amndm{XH$ n[apñW{V`m| Ho$ {bE maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}e Ho$ AZwgma {ZYm©[aV gr_mAm| Ho$ A§Xa h¡ Am¡a {ZXoeH$ _§S>b Ho$ AZw_moXZ go h¡&

8. {d{dY

8.1 boIm g_mYmZ Ed§ g_m`moOZ

8.1.1 A§Va emIm _Xm| H$m boIm g_mYmZ 31.03.2009 VH$ nyam {H$`m Om MwH$m h¡& ~H$m`m n«{d{ï>`m| Ho$ {ZnQ>mZ Ho$ {bE {d{^ÝZ H$maJa Cnm`m| Ho$ Ûmam ~¢H$ Zo Cg_| n`m©á H$_r bm`r h¡& VËníMmV² eof ~H$m`m n«{d{ï>`m| Ho$ g_m`moOZ H$m H$m`© n«J{V na h¡&

(é. H$amo‹S> _|)

(é. H$amo‹S> _|)


99

(vi) 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 NIL NIL(vii) Bridge loans to companies against expected equity fl ows/issues NIL NIL(viii) 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 NIL NIL(ix) Financing to stockbrokers for margin trading NIL NIL(x) All exposures to Venture Capital Funds (both registered and unregistered) will be deemed to be on par with equity and hence will be reckoned for compliance with the capital market exposure ceilings (both direct and indirect) 9.50 6.00 Total Exposure to Capital Market 1146.54 1154.82

7.3 Risk Category-wise Country Exposure (Rs. In crore)

Risk Category*Exposure (net)

as at 31st Mar 2009Provision held as at 31st Mar 2009

Exposure (net) as at 31st Mar 2008

Provision held as at 31st Mar 2008

Insignifi cant 3020.22 3.22 2347.35 2.02Low 890.93 -- 613.22 -- Moderately low 208.37 -- 129.86 -- Moderate 8.56 -- 11.02 -- Moderately high 25.71 -- 30.49 -- High 53.27 -- 39.33 -- Very high 0.00 -- 0.18 -- Total 4207.06 3.22 3171.45 2.02

*As per the updated country risk classifi cation by the ECGC vide its Circular dated 05.12.2008.

COUNTRY RISK MANAGEMENT: The Bank has analysed its net funded exposure to various countries as on 31.03.09 and such exposure to countries

other than Singapore is well within the stipulation of 1 % of the total assets of the Bank. In respect of Singapore, which is classifi ed under ‘Insignifi cant’ risk category by ECGC Ltd., a provision of Rs.3.22 crore (previous year Rs.2.02 crore) is available.

7.4 Details of Single Borrower Limit (SBL), Group Borrower Limit (GBL) exceeded by the Bank

The permissible level of Single Borrower Exposure ceiling is Rs. 787.70 crore under normal circumstances and Rs.1050.27 crore under exceptional circumstances with the approval of the Bank’s Board of Directors. (15% / 20% respectively of capital funds as at 31.03.08).

During the year ended 31.03.2009, the Bank has not exceeded the normal prudential exposure ceiling prescribed by the directives of RBI in any Single / Group / Infrastructure Sector Account except the additional exposures taken during the year in the account under exceptional circumstances, as disclosed hereunder.

(Rs. In crore)Borrower Name Additional

ExposureTotal Highest

ExposurePercentage

of additional exposure

Percentage of Total

ExposureM/S Kalpataru Power Transmission Ltd 7.67 795.37 0.15% 15.15%

All the additional exposures taken are within the ceiling prescribed as per RBI guidelines for exceptional circumstances and with the approval of Board of Directors.

8. MISCELLANEOUS

8.1 Reconciliation and Adjustments

8.1.1 Reconciliation of Inter Branch Account is completed up to 31.03.2009. The Bank through various effective steps has achieved further reduction in the clearance of outstanding entries. Adjustment of the remaining outstanding entries is in progress.

100

8.1.2 {XZm§H$ 31.03.2009 H$mo A§Va emIm ImVm ~H$m`m _| 6 _hrZo go A{YH$ Ad{Y Ho$ {bE boIm g_mYmZ Zht H$s JB© n«{d{ï>`m| Ho$ g§~§Y _| Hw$b O_m pñW{V H$mo XoIVo hþE {H$gr n«mdYmZ H$s Oê$aV Zht h¡&

8.1.3 Xo` S´>m\²$Q>m|, g_memoYZ g_m`moOZ, {d{dY n«mß` am{e`m|, {d{dY O_m ImVm| Am{X _| VWm ^maVr` [aµOd© ~¢H$ Ed§ AÝ` ~¢H$m| go g§~§{YV ~¢H$ boIm g_mYmZm| _| nwamZr ~H$m`m n«{d{ï>`m| Ho$ g_w{MV g_m`moOZ Ho$ {bE {Z`{_V g_rjm H$s Om ahr h¡&

8.1.4 Hw$b emImAm| _| AZwf§Jr ~{h`m|/a{OñQ>am| H$m VwbZ Am¡a gm_mÝ` ~{h`m| Ho$ gmW boIm g_mYmZ H$m H$m`© Omar h¡& n«~§YZ Ho$ _VmZwgma, ImVm| na Cn`w©ŠV {df`m| H$m n[aUm_r n«^md ~hþV Á`mXm Zht hmoJm&

8.2 df© Ho$ Xm¡amZ Am` H$a Ho$ {bE ~ZmE JE n«mdYmZm| H$s am{e … (é. H$amo‹S> _|)

2008-09 2007-08

H$amYmZ Ho$ {bE n«mdYmZ (AmB©Q>r E\$~rQ>r VWm S>ãë`yQ>r ) 540.8 226.24

A. Am`H$a A{Y{Z`_ 1961 H$s Ymam 115 Oo~r Ho$ AYrZ, é.151.06 H$amo‹S> ({nN>bo df© é.211.52) H$m n«mdYmZ aIm J`m h¡ Am¡a {\«§$O ~oZo{\$Q> H$a Xo`Vm Ho$ {bE é.8.05 H$amo‹S> (JV df© é.10.00 H$amo‹S>) Ho$ n«mdYmZ H$s nwZ…n«m{á H$s JB© h¡&

Am. 31.03.2009 H$mo {ddm{XV Am`H$a _m§J ~H$m`m eof é.348.19 H$amo‹S> ({nN>bo df© é.237.73 H$amo‹S>) Wm, {Og_| go 254.56 H$amo‹S> ({nN>bo df© é.205.40H$amo‹S>) dmngr AmXoem| Ho$ n«{V {d^mJ Ûmam AXm/g_m`mo{OV H$a {XE JE& EH$ hr Vah Ho$ _wÔm| na ~¢H$ Ho$ AZwHy$b H$s JB© {d{^ÝZ Ý`m{`H$ ?kksfUmAm| VWm JV-{ZYm©aU dfm}§ _| ~¢H$ Ûmam Xm`a H$s JB© Anrbm| na Omo {d{^ÝZ Anrbr` n«m{YH$m[a`m| Ho$ g_j b§{~V h¢, {dMma H$aVo hþE {H$gr Vah Ho$ n«mdYmZ na {dMma H$aZm Amdí`H$ Zht _mZm J`m h¡&

8.3 ^maVr` [aµOd© ~¢H$ Ûmam bJmE JE XÊS>m| H$m n«H$Q>rH$aU …

^maVr` [aµOd© ~¢H$ Ûmam H$moB© XÊS> Zht bJm`m J`m h¡ VWm `h n«H$Q>rH$aU ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwnmbZ _| h¡&

8.4 AMb AmpñV`m±

8.4.1. n[aga _| é.11.11 H$amo‹S> bmJV dmbr n[ag§npËV`m± em{_b h¢, {OZH$m ~hr _yë` é.8.43 H$amo‹S> h¡ ({nN>bo df© H«$_e… é.11.11 H$amo‹S> Am¡a é.8.56 H$amo‹S>), {OZHo$ {bE n§OrH$aU H$s Am¡nMm[aH$VmE§ H$s Om ahr h¢&

8.4.2 ~¢H$ Zo df© 2008-09 Ho$ Xm¡amZ AnZr AMb g§npËV`m| H$m AZw_mo{XV _yë`m§H$H$mo Ûmam C{MV ~mOma _yë` na nwZ_©ë`Z {H$`m VWm BgHo$ n[aUm_ñdê$n é.1057.76H$amo‹S> H$s _yë` d¥{Õ am{e H$mo ‘’nyZ_©yë`Z [aµOd© ImVo’’ _| O_m {H$`m J`m& nwZ_©yë`Z {H$E JE A§e na A{V[aŠV _yë`h²mg é.17.37 H$amo‹S> Wm (JV df© _| é.4.22H$amo‹S>) {Ogo bm^ d hm{Z boIo H$mo n«^m[aV {H$`m J`m h¡ VWm CgH$s g_Vwë` am{e H$m AmhaU ‘’nyZ_©yë`Z [aµOd© ImVo’’ go H$a {X`m J`m h¡&

8.5 ^maVr` [aOd© ~¢H$ Ho$ _mZX§S>m| Ho$ AZwgma ~¢H$ A~ VH$ An«{V^yV Ad_mZH$ AmpñV`m| Ho$ g§~§Y _| 20 n«{VeV Am¡a Ad_mZH$ A{J«_m| Ho$ g§~§Y _| 10 n«{VeV H$m n«mdYmZ H$a ahm Wm& ~¢H$ Zo Mmby df© go g^r Ad_mZH$ A{J«_m| Ho$ g§~§Y _| 20 n«{VeV H$m EH$ g_mZ n«mdYmZ {H$`m h¡& Zr{V _| Cnw`©ŠV n[adV©Z Ho$ \$bñdê$n A{V[aŠV n«mdYmZ é.10.08 H$amo‹S> h¡&

8.6 bm^ Ed§ hm{Z boIo _| ì`` erf© Ho$ VhV² {XImE JE ‘’n«mdYmZ Am¡a AmH$pñ_H$VmAm|’’ H$m ~«oH$An (é. H$amo‹S> _|)

{ZåZ Ho$ n«{V {H$E JE n«mdYmZ 2008-09 2007-08i) {Zdoe Ho$ _yë` _| _yë`h²mg 202.65 114.49ii) J¡a-{ZînmXH$ AmpñV`m§ (vfxze) 28.51 339.85iii) J¡a-{ZînmXH$ AmpñV`m§ (fuos’k) (14.85) 9.73iv) ekud vfxze 40.86 95.59v) vk;dj ,oa ,DohVh 540.76 226.24vi) AÝ` (* doVZ g§emoYZ H$m é.173 H$amo‹S> H$mo em{_b H$a) * 185.58 (135.34)

Hw$b 983.51 650.56

8.7 Mb n«mdYmZ … (é. H$amo‹S> _|)

Mb n«mdYmZ ImVm 2008-09 2007-08i) H$. AWeof (1 An«¡b) 92.78 92.78ii) I. df© Ho$ Xm¡amZ Omo‹S> ({H$E JE Mb n«mdYmZm| H$s _mÌm) 12.22 eyÝ`

iii) J. Cn`w©ŠV df© Ho$ Xm¡amZ H$_r (H$s JB© H$_r H$m CÕoí` VWm am{e) eyÝ` eyÝ`

iv) K. AWeof (31 _mM©) 105.00 92.78


101

8.1.2 In view of net credit position in respect of unreconciled entries in the Inter Branch Account outstanding for more than 6 months as on 31.03.2009, no provision is required.

8.1.3 Old outstanding entries in drafts payable, clearing adjustment, sundries receivable, sundry deposit accounts, etc. and in bank reconciliation relating to Reserve Bank of India and other banks are being regularly reviewed for appropriate adjustments.

8.1.4 Balancing of subsidiary ledgers/registers and reconciliation with general ledgers are in progress at some branches. In the opinion of the management, consequential impact of the above on the accounts will not be signifi cant.

8.2 Amount of Provision made for Income Tax during the year: (Rs. In crore)

2008-09 2007-08

Provision for Taxation ( IT, FBT & WT) 540.28 226.24

Under Sec.115JB of the Income Tax Act, 1961, a provision of Rs.151.06 crore (previous year Rs.211.52 crore) has a)been made and a provision retrieval of Rs.8.05 crore (as against provision of Rs.10.00 crore made in the previous year) has been made towards Fringe Benefi t Tax liability. The disputed Income Tax demand outstanding as at 31 03 2009 amounts to Rs.348.19 crore (previous year Rs.237.73 b)crore), out of which Rs.254.56 crore (previous year Rs.205.40 crore) has been paid / adjusted by the Department against refund orders. Considering the various judicial pronouncements on similar issues in favour of the Bank and the Appeals fi led by the Bank for earlier Assessment Years pending before various appellate authorities, no provision is considered necessary.

8.3 Disclosure of Penalties imposed by RBI No penalty has been imposed by RBI on the Bank and this disclosure is pursuant to RBI guidelines.

8.4 Fixed Assets

8.4.1 Premises include properties costing Rs. 11.11 crore, the book value of which is Rs.8.43 crore (previous year Rs.11.11 crore and Rs.8.56 crore respectively), for which registration formalities are in progress.

8.4.2 Bank revalued its immovable properties during the year 2008-09 at fair market value by approved valuers and the resultant appreciation of Rs. 1057.76 crore was credited to “Revaluation Reserve Account”. Additional Depreciation on the revalued portion amounting to Rs. 17.37 crore (previous year Rs.4.22 crore) has been charged to Profi t and Loss Account and an equivalent withdrawal is made from the “Revaluation Reserve Account”.

8.5 As per RBI norms bank was hitherto providing 20% in respect of unsecured Substandard Assets and 10% in respect of other Substandard Advances. The Bank has, from the current year made uniform provision of 20% in respect of all substandard advances. The change in the above policy has resulted in additional provision of Rs.10.08 crore.

8.6 Break-up of ‘Provisions & Contingencies’ shown under the head Expenditure in Profi t and Loss Account : (Rs. In crore)

Provision made towards 2008 -09 2007-08i ) Depreciation in the value of Investments 202.65 114.49ii) Non - Performing Assets (Adv) 28.51 339.85iii) Non - Performing Investments (14.85) 9.73iii) Standard Advances 40.86 95.59iv) Income Tax & FBT 540.76 226.24v) Others (*include wage revision of Rs.173 crore) *185.58 (135.34)

Total 983.51 650.56

8.7 Floating Provisions : (Rs. In crore)Floating Provisions Account 2008-09 2007-08

(a) Opening Balance (1st April) 92.78 92.78(b) Additions during the year(Quantum of Floating Provisions made) 12.22 NIL(c) Reduction during the above year

(Purpose and amount of draw down made) NIL NIL(d) Closing Balance (31st March) 105.00 92.78

102

8.8 J«mhH$ {eH$m`V

H$. df© H$s ewéAmV _| b§{~V {eH$m`Vm| H$s g§. 87

I. df© Ho$ Xm¡amZ n«má {eH$m`Vm| H$s g§. 1566

J. df© H$mo Xm¡amZ {ZnQ>mB© JB© {eH$m`Vm| H$s g§. 1584

K. df© Ho$ A§V _| b§{~V {eH$m`Vm| H$s g§. 69

8.9 ~¢qH$J bmoH$nmb Ûmam nmg {H$E JE A{Y{ZU©`

H$. df© H$s ewéAmV _| AH$m`m©pÝdV A{Y{ZU©`m| H$s g§. 1

I. df© Ho$ Xm¡amZ ~¢qH$J bmoH$nmb Ûmam nmg {H$E JE A{Y{ZU©` 1

J. df© Ho$ Xm¡amZ H$m`m©pÝdV {H$E JE A{Y{ZU©` eyÝ`

K. df© Ho$ A§V _| b§{~V AH$m`m©pÝdV A{Y{ZU©`m| H$s g§. 2

8.10 ~¢H$ Ûmam Omar {H$`m J`m CËVaXm{`Ëd nÌ

~¢H$ Zo df© 2005-06 Ho$ Xm¡amZ qgJmnwa _wX«m n«m{YH$mar (E_EEg) H$mo CËVaXm{`Ëd H$m nÌ Omar {H$`m& ~¢H$ Ûmam E_EEg H$mo Omar CËVaXm{`Ëd nÌ Ho$ VhV31.03.2009 H$mo g_má df© Ho$ {bE {dËVr` n«^md {ZåZn«H$ma h¡ …

� qgJmnwa emIm _| `yEgS>r 43 {_{b`Z H$s gr_m VH$ O_m am{e`m± aIZm Omo{H$ E_EEg Ûmam {ZYm©[aV 120 {_{b`Z qgJmnwa S>mba H$s Ý`yZV_ {Zdb g_m`mo{OV EMAmo {Z{Y (EZEMAmoE\$) H$s Anojm H$mo nyam H$a gHo$&

� E_EEg Ûmam {ZYm©[aV {H$E JE AZwgma 100 n«{VeV AmpñV AZwajU Anojm (EEgAma) H$mo nyam H$aZo hoVw emIm H$mo 10 {_{b`Z `yEgS>r ({nN>bo df© 10{_{b`Z `yEgS>r) H$m {ZYr`Z g_W©Z n«XmZ {H$`m J`m&

8.11 H¥${f F$U _m\$s VWm F$U amhV `moOZm, 2008 ^maV gaH$ma Zo gr_m§V Ed§ bYw {H$gmZm| H$mo Am¡a Eogo AÝ` {H$gmZm| H$mo {OÝhm|Zo n«Ë`j H¥${f F$U n«má {H$`m h¡, F$U _m\$ H$aZo hoVw H¥${f F$U _m\$s VWm F$U amhV

`moOZm, 2008 Zm_H$ EH$ amhV `moOZm Ama§^ H$s h¡& `moOZm Ho$ AZwgma Ah© {H$gmZm| Ho$ H¥${f F$U H$s _m\$r H$mo ImVm| _| n«^md {X`m J`m h¡ Am¡a am{e`m§ boImnarjH$m| Ûmam Xmdo Ho$ n«_mUZ Ho$ A¿`YrZ h¡&

8.12 J«m_rU {dH$mg hoVw B§{S>`Z ~¢H$ Q´>ñQ>

df© Ho$ Xm¡amZ ~moS©> Zo 10 H$amoS> énò Ho$ H$mn©g `moJXmZ go J«m_rU {dH$mg hoVw B§{S>`Z ~¢H$ Q´>ñQ> Ho$ JR>Z H$m AZw_moXZ {H$`m& Q´>ñQ> H$m _w»` CÔoí` J«m_rU joÌm| Ho$ {dH$mg Ho$ bJo AÝ` bmoJm|/EO|{g`m| Ho$ gmW g_Ýd` H$aZo Ho$ Ûmam EH$ _mÌ ê$n go Omoa S>mbZm h¡& df© Ho$ Xm¡amZ AXm H$s JB© 51 bmI énò H$s am{e H$mo bm^ d hm{Z Ho$ ImVo H$mo n«^m[aV {H$`m J`m&

9. boIm _mZH$m| (EEg) Ho$ AZwgma n«H$Q>rH$aU …

9.1 ZH$Xr n«dmh {ddaU (EEg 3) df© 2008-09 hoVw ZH$Xr n«dmh {ddaU AbJ go AZw~Õ {H$`m J`m h¡&

9.2 ñQ>m\$ H$mo bm^ (EEg 15)

9.2.1. 31.03.2009 VH$ ~r_m§H$H$ _yë`m§H$Z Ho$ AZwgma VWm g§emo{YV EEg-15 Ho$ AZwgma H$_©Mmar bm^ O¡go n|eZ, CnXmZ, Nw>Q²>Q>r ^wZmB© BË`m{X Ho$ {bE n«mdYmZ {H$`m J`m h¡& BgHo$ A{V[aŠV ^maVr` gZXr boImH$ma g§ñWmZ Ûmam A{Ygy{MV H$_©Mmar bm^ na g§emo{YV EEg-15 Ho$ AZwgma bm^ hm{Z boIo H$mo é.92 H$amo‹S> H$s am{e n«^m[aV H$s JB© Omo{H$ Bg n«H$ma n[aH${bV é.460 H$amo‹S> H$s g§H«$_U H$mbrZ Xo`Vm H$m 1/5 ^mJ h¡& nhMmZ Z H$s JB© g§H«$_U H$mbrZ Xo`Vm Omo eof VrZ dfm}§ _| bm^ hm{Z boIo H$mo n«^m[aV H$s OmZr h¡, é.276 H$amo‹S> h¡&

9.2.2. boImH$aU _mZH$ - 15 (g§emo{YV) _| Ano{jV {H$ò JE AZwgma bm^ Ed§ hm{Z boIm VWm VwbZ nÌ _| nhMmZr J`r amoOJma - níM bm^ Am¡a XrKm©d{Y H$_©Mmar bm^m| H$s g§{já pñW{V {ZåZmZwgma h¡ …

I. _yb ~r_m§H$Z AZw_mZ (^m[aV Am¡gVm| Ho$ ê$n _| ì`ŠV) 31.03.2009 31.03.2009

~Q²>Qo> H$s Xa * 800 % 8.00 %

doVZ ~T>moËVar H$s Xa 5.00 % 5.00%

nXË`mJ H$s Xa 2.00% 2.00%

`moOZm AmpñV`m| na Ano{jV n«{V\$b H$s Xa 9.00% 8.50%

n«`wŠV VarH$m n[a`moOZm BH$mB© F$U (nr`ygr) ~r_m§H$H$ VarH$m

* CnXmZ Am¡a Nw>Q²>Q>r ^wZmB© Ho$ {bE ~Q²>Q>m Xa 7.50 n«{VeV h¡& ** `moOZm AmpñV`m| na An{jV n«{V\$b H$s Xa, Nw>Q²>Q>r ^wZmB© na bmJy Zht hmoJr&

^{dî` _| hmoZodmbro doVZ ~T>moËVar H$m AmH$bZ, _wX«mñ\$s{V, ofjVrk, nXmoÝZ{V Am¡a {Z`moOZ ~mµOma _| Amny{V© Am¡a _m§J O¡go g§JV VËdm| H$mo {hgm~ _| boVo hþE {H$`m OmVm h¡&


103

8.8 Customer Complaints : a) No. of Complaints Pending at the beginning of the year 87b) No. of Complaints Received during the year 1566c) No. of Complaints Redressed during the year 1584d) No. of Complaints Pending at the end of the year 69

8.9 Awards passed by the Banking Ombudsman : a) No. of unimplemented Awards at the beginning of the year 1b) No. of Awards passed by Banking Ombudsman during the year 1c) No. of Awards implemented during the year Nild) No. of unimplemented Awards Pending at the end of the year 2

8.10 Letter of Responsibility issued by the Bank: The Bank has during the year 2005-06 issued Letter of Responsibility to the Monetory Authority of Singapore (MAS).

The fi nancial impact under the Letter of Responsibility issued by the Bank to the MAS for the year ending 31.03.2009 is as under:

To maintain deposits to the extent of USD 43 Million with the Singapore Branch to meet the minimum Net � adjusted HO funds (NHOF) requirement of Singapore dollar 120 Million as stipulated by MAS.

Funding support of USD 10 Million(previous year USD 40 million) provided to enable the branch to maintain � 100% Asset Maintenance requirement (AMR) as stipulated by MAS.

8.11 Agricultural Debt Waiver and Debt Relief Scheme, 2008:Government of India has notifi ed Relief Scheme namely “Agricultural Debt Waiver and Debt Relief Scheme, 2008” for giving debt waiver to marginal and small farmers and to other farmers who have availed direct agriculture loan. The agricultural debt waiver given to the eligible farmers as per the Scheme has been given effect to in the accounts and amounts are subject to certifi cation of claim by the auditors.

8.12 Indian Bank Trust for Rural Development:During the year the Board has approved formation of Indian Bank Trust for Rural Development with a corpus contribution of Rs.10 Crore. Core objective of the trust is to exclusively focus on rural development by co-ordinating with other players/agencies who are also engaged in development of rural areas. Sums aggregating to Rs.51 lakhs paid during the year is charged to Profi t and Loss A/c.

9. DISCLOSURES IN TERMS OF ACCOUNTING STANDARDS (AS):

9.1 CASH FLOW STATEMENT (AS 3)

The Cash Flow statement for the year 2008-09 is annexed separately.

9.2 EMPLOYEE BENEFITS (AS 15)

9.2.1 Provision has been made for employee benefi ts viz. pension, gratuity, leave encashment etc. as per the Actuarial valuation as on 31.03.09 and in accordance with the Revised AS – 15. In addition, a sum of Rs. 92 crore has been charged to Profi t & Loss Account being 1/5th of the transitional liability of Rs 460 crore ascertained in accordance with the Revised AS – 15 on Employee Benefi ts notifi ed by the Institute of Chartered Accountants of India. The amount of unrecognised transitional liability to be charged to Profi t & Loss Account in the remaining three years is Rs.276 crore.

9.2.2 The summarised position of Post-employment benefi ts and long term employee benefi ts recognised in the Profi t & Loss Account and Balance Sheet as required in accordance with Accounting Standard – 15 (Revised) are as under:

PRINCIPAL ACTUARIAL ASSUMPTIONS I.[Expressed as weighted averages] 31/03/2009 31/03/2008

Discount Rate *8.00% 8.00% Salary escalation rate 5.00% 5.00% Attrition rate 2.00% 2.00% Expected rate of return on Plan Assets ** 9.00% 8.50%Method used Project Unit Credit (PUC) actuarial Method

* Discount Rate for Gratuity and Leave encashment is 7.50%. ** Expected Rate of return on Plan Assets not applicable for Leave encashment.

The estimates of future salary increases are considered taking into account infl ation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.

104

Mmby df© 2008-09 (é.H$amoS>m| _|)

II. ~mÜ`Vm Ho$ dV©_mZ _yë` (nrdrAmo) _| n[adV©Z - AW eof Ed§ A§V eof H$m boIm g_mYmZ n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

df© Ho$ Ama§^ _| nrdrAmo 1559.00 463.00 221.00

ã`mO bmJV 122.30 36.15 16.92

dV©_mZ godm bmJV 109.45 46.85 16.96

{dJV godm bmJV - (J¡a - {Z{hV bm^) 0 0 0

{dJV godm bmJV - ({Z{hV bm^) 0 0 0

n«XËV bm^ (60.48) (22.35) (19.00)

~mÜ`Vm na (g§VwbZ Am§H$S>m) ~r_m§H$H$ hm{Z / (bm^) 4.73 16.42 2.12

df© H$s g_m{á na nrdrAmo 1735.00 540.07 238.00

{nN>bo df© 2007-08 (é.H$amoS>m| _|)

II. ~mÜ`Vm Ho$ dV©_mZ _yë` (nrdrAmo) _| n[adV©Z - AW eof Ed§ A§V eof H$m boIm g_mYmZ

n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

df© Ho$ Ama§^ _| nrdrAmo 1394.00 376.00 192.00

ã`mO bmJV 109.42 29.42 14.75

dV©_mZ _| godm bmJV 93.60 33.32 11.85

{dJV godm bmJV - (J¡a - {Z{hV bm^) - - 0

{dJV godm bmJV - ({Z{hV bm^) - - 0

n«XËV bm^ (52.50) (16.38) (15.17)

~mÜ`Vm na (g§VwbZ Am§H$S>m) ~r_m§H$H$ hm{Z / (bm^) 14.48 40.64 17.57

df© H$s g_m{á na nrdrAmo 1559.00 463.00 221.00

Mmby df© 2008-09 (é.H$amoS>m| _|)

III. `moOZm AmpñV`m| Ho$ C{MV _yë` _| n[adV©Z - AW eof Ed§ A§V eof H$m boIm g_mYmZ n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

df© Ho$ Ama§^ _| `moOZm AmpñV`m| H$m C{MV _yë` 1312.60 442.20 0

`moOZm AmpñV`m| na Ano{jV n«{V\$b 116.48 39.40 0

{Z`moOH$ Ho$ A§eXmZ 175.96 65.09 19.00

n«XËV bm^ (60-48) (22.35) (19.00)

~mÜ`Vm na (g§VwbZ Am§H$S>m) ~r_m§H$H$ hm{Z / (bm^) 5.64 0.13 0

df© H$s g_m{á na `moOZm AmpñV`m| H$m C{MV _yë` 1550.20 524.47 0

{nN>bo df© 2007-08 (é.H$amoS>m| _|)

III. `moOZm AmpñV`m| Ho$ C{MV _yë` _| n[adV©Z - AW eof Ed§ A§V eof H$m boIm g_mYmZ n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

df© Ho$ Ama§^ _| `moOZm AmpñV`m| H$m C{MV _yë` 1086.00 350.00 0


{Z`moOH$ Ho$ A§eXmZ 181.16 78.20 15.17

n«XËV bm^ (52.50) (16.38) (15.17)

~mÜ`Vm na (g§VwbZ Am§H$S>m) ~r_m§H$H$ hm{Z / (bm^) 0.16 (2.00) 0

df© H$s g_m{á na `moOZm AmpñV`m| H$m C{MV _yë` 1312.60 442.20 0


105

Current Year 2008-09 (Rs. in crore)

II. CHANGES IN THE PRESENT VALUE OF THE OBLIGATION (PVO) - RECONCILIATION OF OPENING AND CLOSING BALANCES:

Pension Fund

GratuityFund

LeaveEncashment

PVO as at the beginning of the year 1559.00 463.00 221.00Interest Cost 122.30 36.15 16.92Current service cost 109.45 46.85 16.96Past service cost - (non vested benefi ts) 0 0 0Past service cost - (vested benefi ts) 0 0 0Benefi ts paid (60.48) (22.35) (19.00)Actuarial loss/(gain) on obligation (balancing fi gure) 4.73 16.42 2.12PVO as at the end of the year 1735.00 540.07 238.00

Previous year 2007-08 (Rs. in crore II. CHANGES IN THE PRESENT VALUE OF THE OBLIGATION (PVO) - RECONCILIATION OF OPENING AND CLOSING BALANCES:

Pension Fund

GratuityFund

LeaveEncashment

PVO as at the beginning of the year 1394.00 376.00 192.00Interest Cost 109.42 29.42 14.75Current service cost 93.60 33.32 11.85Past service cost - (non vested benefi ts) - - 0Past service cost - (vested benefi ts) - - 0Benefi ts paid (52.50) (16.38) (15.17)Actuarial loss/(gain) on obligation (balancing fi gure) 14.48 40.64 17.57PVO as at the end of the year 1559.00 463.00 221.00

Current Year 2008-09 (Rs. in crore) III. CHANGES IN THE FAIR VALUE OF PLAN ASSETS - RECONCILIATION OF OPENING AND CLOSING BALANCES:

Pension Fund

GratuityFund

LeaveEncashment

Fair value of plan assets as at the beginning of the year 1312.60 442.20 0Expected return on plan assets 116.48 39.40 0Employer’s Contributions 175.96 65.09 19.00Benefi ts paid (60.48) (22.35) (19.00)Actuarial gain/(loss) on plan assets [balancing fi gure] 5.64 0.13 0Fair value of plan assets as at the end of the year 1550.20 524.47 0

Previous year 2007-08 (Rs. in crore) III. CHANGES IN THE FAIR VALUE OF PLAN ASSETS - RECONCILIATION OF OPENING AND CLOSING BALANCES:

Pension Fund

GratuityFund

LeaveEncashment

Fair value of plan assets as at the beginning of the year 1086.00 350.00 0Expected return on plan assets 97.78 32.38 0Employer’s Contributions 181.16 78.20 15.17Benefi ts paid (52.50) (16.38) (15.17)Actuarial gain/(loss) on plan assets [balancing fi gure] 0.16 (2.00) 0Fair value of plan assets as at the end of the year 1312.60 442.20 0

106

Mmby df© 2008-09 (é.H$amoS>m| _|)

IV. `moOZm AmpñV`m| na dmñV{dH$ n«{V\$b n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©


`moOZm AmpñV`m| na ~r_m§H$H$ bm^ (hm{Z) 5.64 0.13 0

`moOZm AmpñV`m| na dmñV{dH$ n«{V\$b 122.12 39.53 0

{nN>bo df© 2007-08 (é.H$amoS>m| _|)

IV. `moOZm AmpñV`m| na dmñV{dH$ n«{V\$b n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

`moOZm AmpñV`m| na Ano{jV n«{V\$b 97.78 32.28 bmJy Zht

`moOZm AmpñV`m| na ~r_m§H$H$ bm^ (hm{Z) 0.16 (2.00) bmJy Zht

`moOZm AmpñV`m| na dmñV{dH$ n«{V\$b 97.95 30.38 bmJy Zht

Mmby df© 2008-09 (é.H$amoS>m| _|)

V. nhMmZm J`m ~r_m§H$H$ bm^/hm{Z n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

df© Ho$ {bE ~r_m§H$H$ bm^/(hm{Z) - ~mÜ`Vm (4.73) (16.42) (2.12)

df© Ho$ {bE ~r_m§H$H$ bm^/(hm{Z) - `moOZm AmpñV`m§ 5.64 0.13 0

df© Ho$ {bE Hw$b (bm^) / hm{Z (0.91) 16.30 2.12

df© Ho$ Xm¡amZ nhMmZo JE ~r_m§H$H$ (bm^)/hm{Z - ~mÜ`Vm (0.91) 16.30 2.12

df© Ho$ A§V _| Z nhMmZm J`m ~r_m§H$H$ (bm^)/hm{Z 0 0 0

{nN>bo df© 2007-08 (é.H$amoS>m| _|)

V. nhMmZm J`m ~r_m§H$H$ bm^/hm{Z n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

df© Ho$ {bE ~r_m§H$H$ bm^/(hm{Z) - ~mÜ`Vm (14.48) (40.64) (17.57)

df© Ho$ {bE ~r_m§H$H$ bm^/(hm{Z) - `moOZm AmpñV`m§ 0.16 (2.00) 0

df© Ho$ {bE Hw$b (bm^) / hm{Z 14.32 42.63 17.57

df© Ho$ Xm¡amZ nhMmZo JE ~r_m§H$H$ (bm^)/hm{Z - ~mÜ`Vm 14.32 42.63 17.57

df© Ho$ A§V _| Z nhMmZo JE ~r_m§H$H$ (bm^)/hm{Z - ~mÜ`Vm 0 0 0

{nN>bo df© 2007-08 (é.H$amoS>m| _|)

VI. VwbZ nÌ _| nhMmZr J`r am{e`m§ Am¡a g§~§{YV {díbofU n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

~mÜ`Vm H$m AmH${bV dV©_mZ _yë` 1735.00 540.07 238.00

`moOZm AmpñV`m| H$m C{MV _yë` 1550.20 524.47 0

AÝVa 184.80 15.60 238.00

nhMm{bV Z J`r g§H«$_UH$mbrZ Xo`Vm (184.80) (15.60) (37.20)

nhMmZ Z H$s J`r {dJV godm bmJV - J¡a {Z{hV bm^ 0 0 0

VwbZ nÌ _| nhMmZr J`r Xo`Vm 0 0 200.80

{nN>bo df© 2007-08 (é.H$amoS>m| _|)

VI. VwbZ nÌ _| nhMmZr J`r am{e`m§ Am¡a g§~§{YV {díbofU n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

~mÜ`Vm H$m AmH${bV dV©_mZ _yë` 1559.00 463.00 221.00

`moOZm AmpñV`m| H$m C{MV _yë` 1312.60 442.20 0

AÝVa 246.40 20.80 221.00

igpkuh J`r g§H«$_UH$mbrZ Xo`Vm (246.40) (20.80) (49.60)

nhMmZr Z J`r {dJV godm bmJV - J¡a {Z{hV bm^ 0 0 0

VwbZ nÌ _| nhMmZr J`r Xo`Vm 0 0 171.40


107


IV. ACTUAL RETURN ON PLAN ASSETSPension

FundGratuity

FundLeave

EncashmentExpected return on plan assets 116.48 39.40 0Actuarial gain / (loss) on plan assets 5.64 0.13 0Actual return on plan assets 122.12 39.53 0

Previous Year 2007-08 (Rs. in crore)

IV. ACTUAL RETURN ON PLAN ASSETSPension

FundGratuity

FundLeave

EncashmentExpected return on plan assets 97.78 32.38 NAActuarial gain / (loss) on plan assets 0.16 (2.00) NAActual return on plan assets 97.94 30.38 NA


V. ACTUARIAL GAIN / LOSS RECOGNIZEDPension

FundGratuity

FundLeave

EncashmentActurial gain / (loss) for the year - Obligation (4.73) (16.42) (2.12)Actuarial gain / (loss) for the year- Plan Assets 5.64 0.13 0Total (gain) / loss for the year (0.91) 16.30 2.12Actuarial (gain) / loss recognized in the year (0.91) 16.30 2.12Unrecognized actuarial (gain) / loss at the end of the year 0 0 0

Previous Year 2007-08 (Rs. in crore)

V. ACTUARIAL GAIN / LOSS RECOGNIZEDPension Fund

GratuityFund

LeaveEncashment

Acturial gain / (loss) for the year - Obligation (14.48) (40.64) (17.57)Actuarial gain / (loss) for the year- Plan Assets 0.16 (2.00) 0Total (gain) / loss for the year 14.32 42.63 17.57Actuarial (gain) / loss recognized in the year 14.32 42.63 17.57Unrecognized actuarial (gain) / loss at the end of the year 0 0 0

Current Year 2008-09 (Rs. in crore)VI. AMOUNTS RECOGNISED IN THE BALANCE SHEET AND RELATED ANALYSES

Pension Fund

GratuityFund

LeaveEncashment

Estimated Present value of the obligation 1735.00 540.07 238.00Fair value of plan assets 1550.20 524.47 0Difference 184.80 15.60 238.00Unrecognised transitional liability (184.80) (15.60) (37.20)Unrecognised past service cost – non vested benefi ts 0 0 0Liability recognized in the balance sheet 0 0 200.80

Previous Year 2007-08 (Rs. in crore)VI. AMOUNTS RECOGNISED IN THE BALANCE SHEET AND RELATED ANALYSES

Pension Fund

GratuityFund

LeaveEncashment

Estimated Present value of the obligation 1559.00 463.00 221.00Fair value of plan assets 1312.60 442.20 0Difference 246.40 20.80 221.00Unrecognised transitional liability (246.40) (20.80) (49.60)Unrecognised past service cost – non vested benefi ts 0 0 0Liability recognized in the balance sheet 0 0 171.40

108

Mmby df© 2008-09 (é.H$amoS>m| _|)

VII. bm^ Ed§ hm{Z boI| _| nhMmZo Jò ì`` n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

dV©_mZ godm bmJV 109.45 46.85 16.96

ã`mO bmJV 122.30 36.15 16.92

`moOZm AmpñV`m| na Ano{jV n«{V\$b (116.48) (39.40) 0

{Zdb ~r_m§H$H$ (bm^)/ hmZr Omo Bg df© _| nhMmZr J`r h¡ (0.91) 16.30 2.12

Bg df© _| nhMmZr J`r g§H«$_UH$mbrZ Xo`Vm 61.60 5.20 12.40

{dJV godm bmJV - J¡a {Z{hV bm^ 0 0 0

{dJV godm bmJV - {Z{hV bm^ 0 0 0

bm^ Ed§ hm{Z boI| _| nhMmZm J`m ì`` 175.96 65.09 48.40

{nN>bo df© 2007-08 (é.H$amoS>m| _|)

VIII. bm^ Ed§ hm{Z boIo _| nhMmZo Jò ì`` n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

dV©_mZ godm bmJV 93.60 33.32 11.85

ã`mO bmJV 109.42 29.42 14.75

`moOZm AmpñV`m| na Ano{jV n«{V\$b (97.78) (32.38) 0

{Zdb ~r_m§H$H$ (bm^)/ hm{Z Omo Bg df© _| nhMmZr J`r h¡ 14.32 42.63 17.57

Bg df© _| nhMmZr J`r g§H«$_UH$mbrZ Xo`Vm 61.60 5.20 12.40

{dJV godm bmJV - J¡a {Z{hV bm^ 0 0 0

{dJV godm bmJV - {Z{hV bm^ 0 0 0

bm^ Ed§ hm{Z boI| _| nhMmZo Jò ì`` 181.16 78.20 56.57

Mmby df© 2008-09 (é.H$amoS>m| _|)

VIII. VwbZ nÌ _| nhMmZr J`r Xo`mVmAm| _| n[adV©Z n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

{Zdb Xo`Vm H$m Ama§^ eof 0 0 171.40

Cn`w©ŠVmZwgma ì`` 175.96 65.09 48.40

n«XËV A§eXmZ (175.96) (65.09) (19.00)

{Zdb Xo`Vm H$m A§Veof 0 0 0

{nN>bo df© 2007-08 (é.H$amoS>m| _|)

VIII. VwbZ nÌ _| nhMmZr J`r Xo`mVmAm| _| n[adV©Z n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

{Zdb Xo`Vm H$m Ama§^ eof 0 0 130.00

Cn`w©ŠVmZwgma ì`` 181.16 78.20 56.57

n«XËV A§eXmZ (181.16) (78.20) (15.17)

{Zdb Xo`Vm H$m A§Veof 0 0 171.40

(é.H$amoS>m| _|)

IX. dV©_mZ df© Ho$ {bE am{e n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

~mÜ`Vm H$m dV©_mZ _yë` 1735.00 540.07 238.00

`moOZm AmpñV`m§ 1550.20 524.47 0

A{Yeof (KmQ>m) (184.80) (15.60) (238.00)

`moOZm Xo`VmAm| na AZw^d g_m`moOZ (4.73) (2.92) 3.83

`moOZm AmñV`m| na AZw^d g_m`moOZ 5.64 0.13 0


109

Current Year 2008-09 (Rs. in crore)VII. EXPENSES RECOGNISED IN THE STATEMENT OF PROFIT AND LOSS:

Pension Fund

GratuityFund

LeaveEncashment

Current service cost 109.45 46.85 16.96Interest Cost 122.30 36.15 16.92Expected return on plan assets (116.48) (39.40) 0Net actuarial (gain)/loss recognised in the year (0.91) 16.30 2.12Transitional Liability recognised in the year 61.60 5.20 12.40Past service cost - non-vested benefi ts 0 0 0Past service cost - vested benefi ts 0 0 0Expenses recognized in the statement of profi t and loss 175.96 65.09 48.40

Previous Year 2007-08 (Rs. in crore)VII. EXPENSES RECOGNISED IN THE STATEMENT OF PROFIT AND LOSS:

Pension Fund

GratuityFund

LeaveEncashment

Current service cost 93.60 33.32 11.85Interest Cost 109.42 29.42 14.75Expected return on plan assets (97.78) (32.38) 0Net actuarial (gain)/loss recognised in the year 14.32 42.63 17.57Transitional Liability recognised in the year 61.60 5.20 12.40Past service cost - non-vested benefi ts - - 0Past service cost - vested benefi ts - - 0

Expenses recognized in the statement of profi t and loss 181.16 78.20 56.57

Current Year 2008-09 (Rs. in crore)VIII. MOVEMENTS IN THE LIABILITY RECOGNIZED IN THE BALANCE SHEET

Pension Fund

GratuityFund

LeaveEncashment

Opening net liability 0 0 171.40Expense as above 175.96 65.09 48.40Contribution paid (175.96) (65.09) (19.00)Closing net liability 0 0 200.80

Previous Year 2007-08 (Rs. in crore)VIII. MOVEMENTS IN THE LIABILITY RECOGNIZED IN THE BALANCE SHEET

Pension Fund

GratuityFund

LeaveEncashment

Opening net liability 0 0 130.00Expense as above 181.16 78.20 56.57Contribution paid (181.16) (78.20) (15.17)Closing net liability 0 0 171.40

(Rs. in crore)

IX. AMOUNT FOR THE CURRENT YEARPension

FundGratuity

FundLeave

EncashmentPresent Value of obligation 1735.00 540.07 238.00Plan Assets 1550.20 524.47 0Surplus (Defi cit) (184.80) (15.60) (238.00)Experience adjustments on plan liabilities (4.73) (2.92) 3.83Experience adjustments on plan assets 5.64 0.13 0

110

(é.H$amoS>m| _|)

IX. {nN>bo df© Ho$ {bE am{e n|eZ {Z{Y CnXmZ {Z{Y Nw>Q²>Q>r ^wZmB©

~mÜ`Vm H$m dV©_mZ _yë` 1559.00 463.00 221.00

`moOZm AmpñV`m§ 1312.60 442.40 0

A{Yeof (KmQ>m) (246.40) (20.80) (221.00)

`moOZm Xo`VmAm| na AZw^d g_m`moOZ (14.48) (40.64) (17.57)

`moOZm AmñV`m| na AZw^d g_m`moOZ 0.16 (2.00) 0

(é.H$amoS>m| _|)

X. `moOZm AmpñV`m| Ho$ _w»` g§dJ© (Hw$b `moOZm AmpñV`m| Ho$ n«{VeV _|) n|eZ {Z{Y CnXmZ {Z{Y n|eZ {Z{Y CnXmZ {Z{Y

2008-09 2007-08

^maV gaH$ma H$s n«{V^y{V`m§ 29.00% 26.00% 30.00% 26.00%

amÁ` gaH$ma H$s n«{V^y{V`m§ 21.00% 17.00% 22.00% 19.00%

Cƒ JwUdËVmdmbo H$mnm}aoQ> ~m§S> 47.00% 55.00% 45.00% 51.00%

gyMr~Õ H§$n{Z`m| Ho$ B©{¹$Q>r eo`a 0.00% 0.00% 0.00% 0.00%

n[agånpËV 0.00% 0.00% 0.00% 0.00%

{deof O_m `moOZm 0.00% 0.00% 0.00% 0.00%

~r_mH$Vm© Ûmam ì`dpñWV {Z{Y`m§ 0.00% 0.00% 0.00% 0.00%

AÝ` (C„oI H$a|) {ZOr joÌ ~m§S> 3.00% 2.00% 3.00% 2.00%

Hw$b 100.00% 100.00% 100.00% 100.00%

(é.H$amoS>m| _|)

n|eZ {Z{Y J«oÀ`w{Q> am{e n|eZ {Z{Y J«oÀ`w{Q> am{e

2008-09 2007-08

XI. AJbo df© Ho$ Xm¡amZ A§eXmZ na CÚ_ H$m gdm}ƒ AZw_mZ 200.00 80.00 200.00 80.00

9.3 IÊS> [anmo{Qª>J (EEg 17)

boImH$aU _mZH$m| na ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma, ~¢H$ Ho$ n[aMmbZm| H$mo n«mW{_H$ IÊS> `Wm, H$mamo~ma IÊS> {Og_| ‘’amO H$mof H$mnm}aoQ> /WmoH$ ~¢qH$J IwXam ~¢qH$J Ed§ AÝ` ~¢qH$J n[aMmbZ’’ em{_b h¢ VWm {ÛVr` IÊS> Omo {H$ ^m¡Jmo{bH$ IÊS> h¡ {Ogo ‘’Xoer’’ Ed§ ‘’A§Vam©ï´>r`’’ Ho$ ê$n _| dJuH¥$V {H$`m J`m h¡, {ZåZmZwgma h¡ …


111

(Rs.crore)

IX. AMOUNT FOR THE PREVIOUS YEARPension

FundGratuity

FundLeave

EncashmentPresent Value of obligation 1559.00 463.00 221.00Plan Assets 1312.60 442.20 0Surplus (Defi cit) (246.40) (20.80) (221.00)Experience adjustments on plan liabilities (14.48) (40.64) (17.57)Experience adjustments on plan assets 0.16 (2.00) 0

X. MAJOR CATEGORIES OF PLAN ASSETS (AS PERCENTAGE OF TOTAL PLAN ASSETS)

Pension Fund

GratuityFund

Pension Fund

GratuityFund

2008-09 2007-08Government of India Securities 29.00% 26.00% 30.00% 26.00%State Government Securities 21.00% 17.00% 22.00% 19.00%High Quality Corporate Bonds 47.00% 55.00% 45.00% 51.00%Equity shares of listed companies 0.00% 0.00% 0.00% 0.00%Property 0.00% 0.00% 0.00% 0.00%Special Deposit Scheme 0.00% 0.00% 0.00% 2.00%Funds managed by Insurer 0.00% 0.00% 0.00% 0.00%Others (to specify) Private Sector Bonds 3.00% 2.00% 3.00% 2.00%Total 100.00% 100.00% 100.00% 100.00%

(Rs.crore)Pension

FundGratuity

FundPension

FundGratuity

Fund

2008-09 2007-08XI. ENTERPRISE’S BEST ESTIMATE OF CONTRIBUTION DURING NEXT YEAR 200.00 80.00 200.00 80.00

9.3 SEGMENT REPORTING (AS 17)

As per the Reserve Bank of India guidelines on Accounting Standards, the Bank’s operations are classifi ed into Primary segment i.e. the business segment comprising of ‘Treasury’, ‘Corporate / Wholesale Banking’, ‘Retail Banking’ and ‘Other Banking Operations’ and Secondary segment being the geographical segment comprising of ‘Domestic’ and ‘International’ as follows:

112

I§S> [anmo{Qª>J (é. H$amS>m|§§ _|)

H«$_ g§. {ddaU 3 _hrZm| H$mo g_má g_má df©31.03.2009 31.03.2008 31.03.2009 31.03.2008

(boImnarjV) (boImnarjV) (boImnarjV) (boImnarjV)

^mJ - H$ H$mamo~ma I§S>m|1 I§S>r` amOñd

H$) amOH$mof n[aMmbZ 537.64 43878.00 1967.71 1893.89

I) H$mnm}aoQ> ~¢qH$J 622.91 56272.00 2288.66 1994.65

J) IwXam ~¢qH$J 798.71 56263.34 3061.11 2015.40

K) AÝ` ~¢qH$J n[aMmbZ 189.22 10871.40 548.30 314.72

Hw$b 2148.48 167284.74 7865.77 6218.67

KQ>mE§ … A§Va I§S>r` amOñd 0.00 0.00 0.00 0.00

n[aMmbZm| go {Zdb {~{H«$`m§ / Am` 2148.48 167284.74 7865.77 6218.672 I§S>r` n[aUm_ (bm^)

H$) amOH$mof n[aMmbZ 290.73 43.94 521.46 327.87

I) H$mnm}aoQ> ~¢qH$J 251.86 188.16 667.04 512.53

J) IwXam ~¢qH$J 110.64 192.21 877.13 544.07

K) AÝ` ~¢qH$J n[aMmbZ -17.51 98.66 163.20 274.82

Hw$b 635.72 522.97 2228.83 1659.30

KQ>mE§ …

(i) ã`mO 0.00 0.00 0.00 0.00

(ii) AÝ` J¡a-Am~§Q>Zr` ì`` 24.32 178.20 443.23 424.32

(iii) J¡a-Am~§Q>Zr` Am` 0.00 0.00 0.00 0.00

H$a Ho$ nyd© {Zdb bm^ 611.40 344.77 1785.59 1234.97

I§S>r` AmpñV`m§

H$) amOH$mof n[aMmbZ 25950..26 28945.36 29503.26 28945.36

I) H$mnm}aoQ> ~¢qH$J 29492.50 20939.50 29492.50 20939.15

J) IwXam ~¢qH$J 25031.40 20081.22 25031.40 20081.22

K) AÝ` ~¢qH$J n[aMmbZ 296.48 541.90 296.48 541.9084323.65 70507.63 84323.65 70507.63

I§S>r` Xo`VmE

H$) amOH$mof n[aMmbZ 27006.54 26820.67 27006.54 26820.67

I) H$mnm}aoQ> ~¢qH$J 26996.69 19402.14 26996.69 19402.14

J) IwXam ~¢qH$J 22913.11 18622.20 22913.11 18622.20

K) AÝ` ~¢qH$J n[aMmbZ 271.39 502.12 271.39 502.12

Hw$b 77187.73 70507.63 77187.73 70507.63

AZm~§{Q>V Xo`VmE§I amOñd

H$) Xoer n[aMmbZ 2093.59 1638.47 7665.87 6072.30

I) {dXoer n[aMmbZ 54.89 34.38 199.90 146.37

Hw$b 2148.48 1672.85 7865.77 6218.67II AmpñV`m§

H$) Xoer n[aMmbZ 80136.46 67571.27 80136.46 67571.27

I) {dXoer n[aMmbZ 3985.29 2936.42 3985.29 2936.42

Hw$b 84121.75 70507.69 84121.75 70507.69

ZmoQ>… I§S>dma AmpñV`m| Ho$ AmYma na I§S>dma ì``m| H$m Am~§Q>Z {H$`m OmVm h¡&


113

SEGMENT REPORTING (Rs in Crore)Particulars 3 months ended Year ended Year ended

31.03.09 31.03.08 31.03.09 31.03.08 (Audited) (Audited) (Audited) (Audited)

Part A. Business Segments I. Segment Revenue (a) Treasury Operations 537.70 437.26 1949.29 1893.20 (b) Corporate Banking 670.97 580.72 2435.98 2029.81 (c) Retail Banking 817.77 585.32 3063.72 2047.55 (d) Other Banking Operations 122.04 69.55 416.78 248.11Total 2148.48 1672.85 7865.77 6218.67Less: Inter Segment Revenue 0.00 0.00 0.00 0.00Net Sales/Income from operations 2148.48 1672.85 7865.77 6218.672. Segment Results (Profi t) (a) Treasury Operations 73.08 38.79 262.42 312.59 (b) Corporate Banking 129.43 207.85 373.93 554.67 (c) Retail Banking 316.78 216.84 1210.16 584.00 (d) Other Banking Operations 116.43 59.48 382.32 208.04Total 635.72 522.96 2228.83 1659.30Less: (I) Interest 0.00 0.00 0.00 0.00 (ii) Other Un-allocable Expenditure 24.32 178.20 443.24 424.32 (iii) Un-allocable income 0.00 0.00 0.00 0.00Total Profi t Before Tax 611.40 344.76 1785.59 1234.98Segment Assets (a) Treasury Operations 29484.39 28687.87 29484.39 28687.87 (b) Corporate Banking 29224.75 21112.45 29224.75 21112.45 (c) Retail Banking 25113.12 20158.59 25113.12 20158.59 (d) Other Banking Operations 299.48 548.78 299.48 548.78 Total 84121.74 70507.69 84121.74 70507.69Segment Liabilities (a) Treasury Operations 26983.27 26588.19 26983.27 26588.19 (b) Corporate Banking 26745.66 19567.23 26745.66 19567.23 (c) Retail Banking 22982.81 18683.17 22982.81 18683.17 (d) Other Banking Operations 274.09 508.60 274.09 508.60Total 76985.83 65347.19 76985.83 65347.19Unallocated liabilities 7135.91 5160.50 7135.91 5160.50

Part B. Geographic Segments I. Revenue a) Domestic Operations 2093.59 1638.47 7665.87 6072.30b) Foreign Operations 54.89 34.38 199.90 146.37Total 2148.48 1672.85 7865.77 6218.67II. Assets a) Domestic Operations 80136.45 67571.27 80136.45 67571.27b) Foreign Operations 3985.29 2936.42 3985.29 2936.42Total 84121.74 70507.69 84121.74 70507.69

Note : Allocation of segmental expenses is done based on the segmental assets.

114

9.4 g§~Õ nj n«H$Q>rH$aU (E Eg 18) g§~Õ njm| Ho$ Zm_ VWm ~¢H$ Ho$ gmW CZHo$ g§~§Y

E) AZwf§{J`m§…i. B§S> ~¢H$ hmCqgJ {b{_Qo>S>ii. B§S> ~¢H$ _M}§Q> ~¢qH$J g{d©goO {b{_Qo>S>iii. baMQaM eSustesaV fyfeVsM

~r) gh`moJr… (joÌr` J«m_rU ~¢H$)i. n„dZ J«m_ ~¢H$ ii. gá{Jar J«m_rU ~¢H$iii. nwXwd¡ ^ma{V`ma J«m_ ~¢H$ (26.03.08 H$mo ñWm{nV)

gr. _w»` n«~§YH$s` H$m{_©H$ lr E_ Eg gwÝXa amOZ - AÜ`j Ed§ n«~§Y {ZXoeH$

lr E. gw~«_{U`Z - H$m`©nmbH$ {ZXoeH$

lr vuwi e§H$a ^Q²>Q>mMm`© - H$m`©nmbH$ {ZXoeH$

g§~§{YV nmQ>u boZXoZ {ZåZ{b{IV h¡ …

H$. n«_wI n«~§YH$s` H$m{_©H$ H$mo df© Ho$ Xm¡amZ énò 33.41 bmI énò nm[al{_H$ H$m ^wJVmZ {H$`m J`m ({nN>bo df© é.27.10 bmI)

lr E_ Eg gwÝXa amOZ, A Ed§ n« {Z n«XËV nm[al{_H$ (01.04.08 go 31.03.09) {ZînmXZ go g§~§{YV n«moËgmhZ é.6.98 bmI é.7.75 bmI

lr E gw~«_{U`Z, H$m`©nmbH$ {ZXoeH$ n«XËV nm[al{_H$ (01.04.08 go 31.03.09) {ZînmXZ go g§~§{YV n«moËgmhZ é.6.80 bmI é.5.42 bmI

lr vuwi eadj ^Q²>Q>mMm`©, H$m`©nmbH$ {ZXoeH$ n«XËV nm[al{_H$ (15.10.08 go 31.03.09) é.2.84 bmI

S>m Ho$ gs MH«$~Vu ^yVnyd© A Ed§ n« {Z doVZ g§emoYZ H$s ~H$m`m am{e (h_mas ~¢H$ _| CZH$s godmd{Y Ho$ {bE) {ZînmXZ go g§~§{YV n«moËgmhZ

é.2.29 bmI é.1.33 bmI

I. AZwf§{J`m| Am¡a gh`mo{J`m| Ho$ g^r boZXoZ H$mo ‘’g§~§{YV nmQ>u n«H$Q>rH$aU’’ E Eg-18 Ho$ n¡am-9 Ho$ AZwgma n«H$Q>rH$aU Zht {H$`m J`m h¡, {OÝh| amÁ` {Z`§{ÌV CnH«$_m| H$mo CZHo$ boZXoZ go g§~§{YV nmQ>u, Omo ñd`§ amO` {Z`§{ÌV CnH«$_ h¡, n«H$Q>rH$aU go Ny>Q> Xr JB© h¡&

9.5 nQ²>Qo> (EEg 19)

nQ²>Qo>/{H$amE Ho$ AmYma na br JB© gånpËV`m| H$mo ~¢H$ H$s BÀN>mZwgma ZdrH¥$V/aX²X H$aZo mo½` h¡§& A{V[aŠV {H$amE/nQ²>Q>m {H$amE Ho$ {ddmXm| Ho$ g§~§Y _| ~¢H$ H$s Xo`VmAm| H$mo {ZnQ>mZ AWdm ZdrH$aU na _mZm OmVm h¡&

9.6 n«{V eoà AO©Z (EEg 20)

{ddaU 2008-09 2007-08

B©{¹$Q>r eoà YmaH$m| hoVw Cnb~Y H$a Ho$ ~mX {Zdb bm^ (é.H$amo‹S> _|) 1201.45 967.79

B©{¹$Q>r eoàm| H$s ^m[aV Am¡gV g§»`m 429770000 42,97,70,000

n«{V eoà _yb VWm H$_ {H$`m hþAm AO©Z é.27.96 é.22.52

n«{V B©{¹$Q>r eoà A§{H$V _yë` é.10.00 é.10.00


115

9.4 RELATED PARTY DISCLOSURES (AS 18)

Names of the Related Parties and their relationship with the Bank : a) Subsidiaries :

Ind Bank Housing Ltd.i.Indbank Merchant Banking Services Ltd.ii.Indfund Management Ltd.iii.

b) Associates : (Regional Rural Banks)Pallavan Grama Bank i)Saptagiri Grameena Bankii)Puduvai Bharathiar Grama Bank (established on 26.03.08)iii)

c) Key Managerial Personnel:

Shri. M S Sundara Rajan Chairman & Managing Director Shri. A. Subramanian Executive DirectorShri. Anup Sankar Bhattacharya Executive Director

Related Party transactions are as under:

a) Remuneration paid to Key Management Personnel during the year Rs. 33.41 lakhs (previous year Rs 27.10 lakhs) Shri. M S Sundara Rajan, CMD Remuneration paid (01.04.08 to 31.03.09)Performance Linked Incentive

Rs.6.98 lakhsRs.7.75 lakhs

Shri. A Subramanian, ED Remuneration paid (01.04.08 to 31.03.09)Performance Linked Incentive


Shri. Anup Sankar Bhattacharya, ED Remuneration paid (15.10.08 to 31.03.09) Rs.2.84 lakhsDr. K C Chakrabarty Ex – CMDArrears on Pay revision (for his tenure at our Bank)Performance Linked Incentive


b) The transactions with subsidiaries and associates have not been disclosed in view of para 9 of AS-18 ‘Related Party Disclosure’, which exempts state controlled enterprises from making any disclosure pertaining to their transactions with other related parties which are also state controlled enterprises.

9.5 Leases (AS 19) The properties taken on lease/rental basis are renewable/ cancelable at the option of the Bank. The Bank’s liabilities

in respect of disputes pertaining to additional rent / lease rent are recognized on settlement or on renewal. 9.6 Earnings Per Share (AS 20)

Particulars 2008-09 2007-08

Net Profi t after tax available for equity shareholders (Rs. in Crore) 1201.45 967.79

Weighted Average Number of Equity Shares 429770000 429770000

Basic & Diluted Earning Per Share Rs.27.96 Rs 22.52

Nominal value per Equity Share Rs.10.00 Rs 10.00

116

9.7 E. Am` na H$am| Ho$ {bE boImH$aU (EEg 22) S>rQ>rE(AñW{JV H$a AmpñV`m±) / S>rQ>rEb (AñW{JV H$a Xo`VmE±) Ho$ _w»` g§KQ>H$ {ZåZ n«H$ma h¢ …

S>rQ>rE / S>rQ>rEb g§KQ>H$

g§KQ>H$ 31-03-2009 31-03-2008

AmñW{JV H$a AmpñV`m§

1. AJ«mZrV hm{Z`m§* 0.00 521.86

2. ^wJVmZ/{H«$ñQ>mBboOoeZ na AZw_o`, Xo`VmAm| H$m n«mdYmZ 104.09 69.35

3. ^mdr _yë`m§H$Zm| _| AZw_o` ì`` 3.14 5.49

4. ñQ>mµ\$ H$ë`mU ì`` 1.69 0.84

Hw$b-S>rQ>rE 108.92 597.54

AmñW{JV H$a Xo`VmE§

1. pñWa AmpñV`m| na _yë`h«mg 39.57 57.78

2. gaH$mar n«{V^y{V`m| na ã`mO 143.87 154.65

3. ~Åo> ImVo _| S>mbo JE ImVm| hoVw n«mdYmZ 169.49 134.72

Hw$b - S>rQ>rEb 352.93 347.15

{Zdb S>rQ>rE / S>rQ>rEb -244.01 25.39

*Qkby dh xbZ fooj.kksa dks /;ku esa j[kdj vkSj i{k esa gks ldusokys dkuwuh fu.kZ;ksa ij Hkjkslk djds

I. Ý`yZV_ d¡H$pënH$ H$a (E_EQ>r) F$U df© Ho$ Xm¡amZ ~¢H$ Zo Am`H$a A{Y{Z`_, 1961 Ho$ AZwgma Ý`yZV_ d¡H$pënH$ H$a (E_EQ>r) Ho$ AZwê$n Am`H$a hoVw n«mdYmZ {H$`m h¡ Omo{H$ níMmVdVu dfm}§ _| goQ>Am\$

Ho$ {bE H$a H«o${S>Q> Ho$ ê$n _| CnbãY h¡& ‘’Am`H$a A{Y{Z`_, 1961 Ho$ VhV AmB©grEAmB© Ûmam Omar “E_EQ>r Ho$ g§~§Y _| CnbãY H«o${S>Q> hoVw boImH$Z na {Xem{ZX}e ZmoQ>” Ho$ AZwê$n dV©_mZ df© Ho$ {bE é.151.06 H$amoS> Ho$ E_EQ>r H«o${S>Q> H$mo E_EQ>r H«o${S>Q> hH$Xma ImVo H$mo So>{~Q> H$aHo$ ‘’n«mdYmZ Am¡a n«mg§{JH$VmE§’’ Ho$ VhV bm^ Ed§ hm{Z ImVo H$mo H«o${S>Q> {H$`m J`m h¡&

9.8 AmpñV`m| H$m AZO©H$ hmoZm (EEg 28) AMb AmpñV`m| H$mo Omo {H$ ~¢H$ H$s J¡a-{dËVr` AmpñV`m| h¢, H$m°nm}aoQ> AmpñV`m| Ho$ ê$n _| _mZ {b`m J`m h¡ Z {H$ ZH$X AO©Z H$aZo dmbr BH$mB© Ho$ ê$n _| O¡gm {H$

AmB©grEAmB© Ûmam Omar Eg 28 Ûmam n[a^m{fV H$s JB© h¡& n«~§YZ H$s am` _| ~¢H$ H$s pñWa AmpñV`m| _| H$moB© AZO©H$ Zht h¡&

10. bm^m§eB©{¹$Q>r… B©{¹$Q>r bm^m§e Ho$ n«mdYmZ _| 20 n«{VeV H$m A§{V_ bm^m§e (é.85.95 H$amo‹S>) Am¡a 30 n«{VeV H$m n«ñVm{dV A§{V_ bm^m§e (é.128.93 H$amo‹S>)em{_b h¡&

ñWm`r J¡a - g§M`r A{Y_mZ eo`a … n«ñVm{dV bm^m§e _| 31.12.2008 VH$ 8.75 n«{VeV H$s Xa na n«XËV é.26.25 H$amoS> H$m A§V[a_ bm^m§e em{_b h¡& df© Ho$ {bE n«ñVm{dV A{Y_mZ bm^m§e é.37.50 H$amo‹S> h¡, Omo 01.04.2008 go 30.09.2008 VH$ 8.75 n«{VeV na Am¡a 01.10.2008 go 31.03.2009 VH$ 10 n«{VeV na n[aH${bV {H$`m J`m h¡&

11. {d{dY Am` _| df© Ho$ Xm¡amZ ~Q²>Qo> ImVo _| S>mbo JE ImVm| _| dgybr JB© é.183.00 H$amo‹S> H$s am{e em{_b h¡ ({nN>bm df© é.312.93 H$amoS>)

12. n«mdYmZm| Ed§ n«mg§{JH$VmAm| _| é.173 H$amoS> H$s am{e em{_b h¡ Omo g_Pm¡Vm Z hmoZo Ho$ H$maU n«~§YZ Ho$ dV©_mZ {ZYm©aU Ho$ AmYma na H$_©Mm[a`m| Ho$ nm[al{_H$ / bm^m| H$s ~H$m`m am{e Ho$ n«{V {H$E JE n«mdYmZ h¡& n[aUV dMZ~ÕVmAm| H$mo nyam H$aZo Ho$ df© _| g_w{MV g_m`moOZ {H$E OmE§Jo&

13. {nN>bo df© Ho$ Am§H$S>m| H$mo Mmby df© Ho$ Am§H$S>m| Ho$ AZwê$n ~ZmZo Ho$ {bE Ohm§ H$ht Amdí`H$ hmo, nwZ… g_yh~Õ / nwZd©JrH¥$V {H$`m J`m h¡&

ñWmZ … MoÝZ¡VmarI … 27.04.2009

E_ Eg gwÝXa amOZ E gw~«_{U`Z ,- ,l- HkV~Vkpk;Z dr JUogZ AÜ`j Ed§ n«~§Y {ZXoeH$ H$m`©nmbH$ {ZXoeH H$m`©nmbH$ {ZXoeH _hm n«~§YH$

DIRECTORS:dqekj lat; H¥$îU, gr Ama JmonmbgwÝXa_, AemoH$ Jwám, Q>r Q>r ZQ>amOZ, S>m° Or gwYmH$a amd, lr_Vr gm[a`m ImZ, izks- ujsUnz dqekj vxzoky

AUDITORS:

d`rs vkj- lqczef.k;u ,aM daiuh d`rs vkj xksiky ,aM ,lksfl,V d`rs xza/kh ,aM daiuh gZXr boImH$ma gZXr boImH$ma gZXr boImH$ma

vkj- lqczef.k;u vkj- ih- vxjoky th- ,l- jkepUnz jkogmPoXma gmPoXma gmPoXma

(M.No. 008460) (M.No. 051979) (M.No. 004865)

d`rs ih ,y feRry ,aM daiuh d`rs fo’oukFku ,aM LokehukFku d`rs x.kslu ,aM daiuhgZXr boImH$ma gZXr boImH$ma gZXr boImH$maih ,y feRry ,l lqjsUnz jkeu ,l- LokehukFku

gmPoXma gmPoXma gmPoXma (M.No. 014278) (M.No. 022137) (M.No. 023998)

(é. H$amoS>m| _|)


117

9.7 A. Accounting for Taxes on Income (AS 22)

The major components of DTA (Deferred Tax Assets) / DTL (Deferred Tax Liabilities) are as follows:

DTA / DTL COMPONENTS(Rs. in Crore)

Components 31.03.2009 31.03.2008Deferred Tax Assets1. Brought forward losses* 0.00 521.862. Liabilities provision allowable on payment / crystallization 104.09 69.353. Expenditure allowable in future assessments 3.14 5.494. Staff welfare expenses 1.69 0.84TOTAL- DTA 108.92 597.54Deferred Tax Liabilities1. Depreciation on Fixed Assets 39.57 57.782. Interest on Government securities 143.87 154.653. Provision for Written-off Accounts 169.49 134.72TOTAL – DTL 352.93 347.15NET DTA/ DTL (244.01) 250.39

*having regard to returns of income fi led and relying on certain favourable judicial pronouncements.9.7 B. Minimum Alternate Tax (MAT) Credit

During the year the Bank has provided for Income Tax in accordance with the Minimum Alternate Tax (MAT) as per the Income Tax Act, 1961 which is available as Tax credit to be set off in subsequent years. In accordance with the “Guidance Note on Accounting for credits available in respect of MAT under the Income Tax Act, 1961” issued by the ICAI the MAT credit for the current year amounting to Rs.151.06 crore has been credited to P& L Account under ‘Provisions and contingencies’ by debiting MAT credit entitlement Account.

9.8 Impairment of Assets (AS 28) Fixed Assets being the non-fi nancial assets possessed by the Bank are treated as “Corporate Assets” and not as Cash generating units as defi ned by AS 28 issued by ICAI. In the opinion of the management there is no impairment of any of the fi xed assets of the bank.

10 Dividend Equity: Provision for equity dividend includes interim dividend at 20% (Rs.85.95 crores) and proposed fi nal dividend at

30% (Rs.128.93 crores). Perpetual non-cumulative Preference Shares: Proposed dividend include interim dividend of Rs.26.25 crore paid at

the rate of 8.75% upto 31.12.2008. The preference dividend proposed for the year is Rs.37.50 crore reckoned at 8.75% from 01.04.2008 to 30.09.2008 and 10% from 01.10.2008 to 31.03.2009.

11 Miscellaneous income includes a sum of Rs.183.00 crore being recovery in written-off accounts during the year (Previous year Rs.312.93 crore).

12 Provisions and Contingencies include a sum of Rs.173.00 crore being provisions made towards arrears of employees’ remuneration / benefi ts based on current assessment of the management pending fi nalization of the settlement. Appropriate adjustments will be carried out in the year of meeting the crystallized commitments.

13 Previous year’s fi gures have been regrouped / reclassifi ed, wherever necessary to conform to current year’s fi gures.

Place … ChennaiDate : 27.04.2009

M S SUNDARA RAJAN A SUBRAMANIAN A S BHATTACHARYA V. GANESANChairman & Managing Director Executive Director Executive Director General Manager

DIRECTORS:KUMAR SANJAY KRISHNA, C R GOPALASUNDARAM, ASHOK GUPTA, T T NATARAJAN, DR G SUDHAKAR RAO, Mrs. SARIA KHAN, PROF. NARENDRA KUMAR AGRAWAL

AUDITORS:

For R SUBRAMANIAN AND COMPANY For R GOPAL & ASSOCIATES For GRANDHY & CO., Chartered Accountants Chartered Accountants Chartered Accountants

R SUBRAMANIAN R P AGARWAL G S RAMACHANDRA RAO Partner Partner Partner

(M.No. 008460) (M.No. 051979) (M.No. 004865)

For P L MITTAL & CO For VISWANATHAN & SWAMINATHAN For GANESAN AND COMPANY Chartered Accountants Chartered Accountants Chartered Accountants

P L MITTAL S SUNDARA RAMAN S SWAMINATHAN Partner Partner Partner (M.No. 014278) (M.No. 022137) (M.No. 023998)

118

31.03.2009 H$mo

g_má df©

31.03.2008 H$mo

g_má df©

bm^ d hm{Z ys[ksao Ho$ AZwgma {Zdb bm^

{ZåZ{b{IV hooVw g_m`moOZ

n«mdYmZ d AmH$pñ_H$ ì``

_yë`h«mg

AmpñV`m| H$s {~H«$s na hm{Z

1245 32 30

983 50 7284 55 76

(682)

1008 73 93

650 55 70102 44 98

52 12

H$m`©erb ny±Or n[adV©Zm| Hoo$ nyd© n[aMmbZJV bm^ 2313 31 96 1762 26 73

n[aMmbZJV AmpñV`m| _| d¥{Õ / H$_r

{Zdoem| _| d¥{Õ

A{J«_m| _| d¥{Õ

AÝ` AmpñV`m| _| d¥{Õ

(8855002)(116265672)

(1360414)

(10373341)(107806026)

(256606)

(126481088) (118435973)

n[aMmbZJV Xo`VmAm| _| d¥{Õ / H$_r

O_mAm| _| d¥{Õ

CYmam| _| H$_r

AÝ` Xoo`VmAm| _| H$_r

115358837(7524568)(659732)

13955 04 10(6532135)(9818614)

10717 45 37 12319 96 61

n[aMmbZm| go g¥{OV Hw$b ZH$Xr 382 66 45 2238 63 61

{Zdoe J{V{d{Y`m| go ZH$Xr n«dmh

AMb AmpñV`m| H$s IarX

AMb AmpñV`m| H$s {~H«$s

(1056680)6 61 08

(966908)1 40 73

{Zdooe J{V{d{Y`m| go g¥{OV Hw$b ZH$Xr (990572) (952835)

{dËVnmofU J{V{d{Y`m| go Hw$b ZH$Xr n«dmh

bm^m§e H$s AXm`Jr

bm^m§e {dVaU H$a H$s AXm`Jr

(3191120)(534995)

(1609310)(273502)

{dËVnmofU J{V{d{Y`m| go g¥{OV {Zdb ZH$Xr (3726115) (1882812)

n[aMmbZJV J{V{d{Y`m| go ZH$Xr

{Zdoe J{V{d{Y`m| go ZH$Xr n«dmh

{dËVnmofU J{V{d{Y`m| go ZH$Xr n««dmh

382 66 45(990572)

(3726115)

2238 63 61(952835)

(1882812)

ZH$Xr Am¡a ZH$Xr g_H$aUm| _| d¥{Õ ;k H$_r (890042) (19550714)

_mM© 31, 2009 H$mo g_má df© Ho$ {bE ZH$Xr n«dmh {ddaU(#i, gtkjksa esa)


119

CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31,2009

(Rs in Thousands)Year ended31.03.2009

Year ended31.03.2008

Net Profi t as per Profi t and Loss AccountAdjustments for :Provisions and ContingenciesDepreciationProfi t on sale of assets

1245 32 30

983 50 7284 55 76

(6 82)

1008 73 93

650 55 70102 44 98

52 122313 31 96 1762 26 73

Increase/Decrease in Operating AssetsIncrease in InvestmentsIncrease in advancesIncrease in other assets

(885 50 02)(11626 56 72)

(136 04 14)

(1037 33 41)(10780 60 26)

(25 66 06)(12648 10 88) (11843 59 73)

Increase/Decrease in Operating liabilitiesIncrease in DepositsDecrease in BorrowingsDecrease in other liabilities

11535 88 37(752 45 68)(65 97 32)

13955 04 10(653 21 35)(981 86 14)

10717 45 37 12319 96 61

Net Cash generated from operations 382 66 45 2238 63 61Cash Flow from Investing ActivitiesPurchase of Fixed AssetsSale of Fixed Assets

(105 66 80)6 61 08

(96 69 08)1 40 73

(99 05 72) (95 28 35)

cash fl ow from Financing ActivitiesDividend paidDividend distribution tax paid

(319 11 20)(53 49 95)

(160 93 10)(27 35 02)

Net cash generated from fi nancing activities (372 61 15) (188 28 12)Cash fl ow from Operating ActivitiesCash fl ow from Investing ActivitiesCash fl ow from Financing Activities

382 66 45(99 05 72)

(372 61 15)

2238 63 61(95 28 35)

(188 28 12)Increase or (decrease) in cash & cash equivalents (89 00 42) 1955 07 14

120

df© Ho$ n«ma§^ _| ZH$Xr d ZH$Xr g_H$aUZH$Xr Am¡a ^maVr` [aµOd© ~¢H$ Ho$ gmW eofhmW _| ZH$Xr^maVr` [aµOd© ~¢H$ Ho$ gmW Mmby ImVo _| eof~¢H$m| _| eof Am¡a _m§J Ed§ Aën gyMZm na /ku am{e ~¢H$m| _| eof(H$) Mmby ImVm| _|(I) AÝ` O_m ImVm| _|_m§J Ed§ Aën gyMZm na /ku am{e(~¢H$m| _|) ^maV Ho$ ~mhai) Mmby ImVm| _|ii) AÝ` O_m ImVm| _| iii) _m§J Ed§ Aën gyMZm na /ku am{e

189 48 326243 46 14

68 56 74

1 00 93 100 00 02

105 75 1456 27 838 27 17

141 07 123588 37 94

36 39 78

50 82 97680 00 00

246 08 6841 91 2933 07 37

6772 82 29 4817 75 15

df© Ho$ var _| ZH$Xr d ZH$Xr g_H$aUZH$Xr Am¡a ^maVr` [aµOd© ~¢H$ Ho$ gmW eofhmW _| ZH$Xr^maVr` [aµOd© ~¢H$ Ho$ gmW Mmby ImVo _| eof~¢H$m| _| eof Am¡a _m§J Ed§ Aën gyMZm ij /ku am{e~¢H$m| _| eof(H$) Mmby ImVm| _|(I) AÝ` O_m ImVm| _|_m§J Ed§ Aën gyMZm na am{e`m§ (~¢H$m| _|) ^maV Ho$ ~mhai) Mmby ImVm| _|ii) AÝ` O_m ImVm| _| iii) _m§J Ed§ Aën gyMZm na /ku jkf’k

248 02 605963 54 91

57 18 48101 82 3450 00 00

143 46 47 110 44 28

9 32 79

6683 81 87

189 48 326243 46 14

68 56 741 00 93

100 00 02105 75 1456 27 838 27 17

6772 82 29

6683 81 87 6772 82 29



DIRECTORS:Hw$ekj lat; H¥$îU, gr Ama JmonmbgwÝXa_, AemoH$ Jwám, Q>r Q>r ZQ>amOZ, S>m° Or gwYmH$a amd, lr_Vr gm[a`m ImZ, izks- ujsUnz dqekj vxzoky

AUDITORS:



(M.No. 008460) (M.No. 051979) (M.No. 004865)




121

Cash & cash equivalents at the beginning of the yearCash and balances with RBICash in handBalances with RBI in current accountBalances with Banks and Money at call and short noticeBalances with Banks(a) in current accounts(b) in other deposit accountsMoney at call and short notice (with Banks) Outside IndiaI) in Current Accountsii) in other deposit accountsiii) Money at call and short notice

189 48 326243 46 14

68 56 741 00 93

100 00 02

105 75 1456 27 838 27 17

141 07 123588 37 94

36 39 7850 82 97

680 00 00

246 08 6841 91 2933 07 37

6772 82 29 4817 75 15

Cash equivalents at the end of the yearCash at the end of the yearCash and balances with RBICash in handBalances with RBI in current accountBalances with Banks and Money at calland short noticeBalances with Banks(a) in current accounts(b) in other deposit accountsMoney at call and short notice (with Banks) Outside IndiaI) in Current Accountsii) in other deposit accountsiii) Money at call and short notice

248 02 605963 54 91

57 18 48101 82 3450 00 00

143 46 47110 44 28

9 32 79

6683 81 87

189 48 326243 46 14

68 56 741 00 93

100 00 02

105 75 1456 27 838 27 17

6772 82 29

6683 81 87 6772 82 29




AUDITORS:



(M.No. 008460) (M.No. 051979) (M.No. 004865)



122

1 boImH$aU H$s na§nam …

{dËVr` {ddaU Eo{Vhm{gH$ bmJV n«Wm na {Za§Va H$mamo~madmbo g§ñWmZ H$s

g§H$ënZm H$m nmbZ H$aVo hþE V¡`ma {H$E OmVo h¢ VWm ò ^maVr` emImAm| Ho$

g§~§Y _| ^maV _| n«M{bV gm§{d{YH$ n«mdYmZm| Ed§ nÕ{V`m| Ho$ g_Zwê$n h¢ VWm

{dXoem| _| pñWV emImAm| Ho$ g§~§Y _| AÝ`Wm Z ~Vmò OmZo na Cg Xoe _|

n«M{bV gm§{d{YH$ n«mdYmZm| Ed§ nÕ{V`m| Ho$ g_Zwê$n h¢&

2 boZXoZ {OZ_| {dXoer {d{Z_` em{_b h¢

g_mH${bV {dXoer n[aMmbZ 1 Am¡a µJ¡a-g_mH${bV {dXoer n[aMmbZm| Ho$

{dXoer _wX«m boZXoZm| H$m boImH$aU, maVr` gZXr boImH$ma g§ñWmZ (AmB© gr

E AmB©) Ûmam Omar {H$E JE boImH$aU _mZH$ - 11 (EEg-11) Ho$ AZwgma

{H$`m J`m h¡&

2.1 g_mH${bV {dXoer n[aMmbZm| Ho$ g§~§Y _| n[adV©Z …

1. {dXoer _wX«m boZXoZ H$aZodmbr ^maVr` emImAm| H$mo ‘’g_mH${bV

{dXoer n[aMmbZ’’ _| dJuH¥$V {H$`m J`m h¡ VWm BZ emImAm| _|

{dXoer {d{Z_` boZXoZm| H$mo ^maVr` {dXoer {d{Z_` ì`mnmar g§K

(µ\o$S>m`) Ûmam A{Ygy{MV gmám{hH$ Am¡gV Xa (S>ãë`yEAma) na XO©

{H$`m J`m h¡&

2. {dXoer _wX«m AmpñV Ed§ Xo`VmAm| H$mo df© H$s g_m{á na \oµ$S>m` Ûmam

A{Ygy{MV Xam| na n[ad{V©V {H$`m J`m h¡&

3. {dXoer _wX«m _| _yë`m§{H$V ñdrH¥${V`m|, n¥ð>m§H$Zm| Ed§ AÝ` dMZ~ÕVmAm|

Am¡a Jma§{Q>`m| H$mo µ\o$S>m` Ûmam df© H$s g_m{á na A{Ygy{MV g_mnZ

Xam| na n[ad{V©V {H $`m J`m h¡&

4. {dËVr` df© H$s g_m{á na {dXoer _wX«m AmpñV`m| Ed§ Xo`VmAm| Ho$

{ZnQ>mZ Ed§ n[adV©Z go hmoZodmbo {d{Z_` A§Vam| H$mo, CZHo$ K{Q>V hmoZo

H$s Ad{Y Ho$ Xm¡amZ Am` `m ì`` _mZm OmEJm&

5. ~H$m`m dm`Xm {d{Z_` g§{dXmAm| H$mo g§{dXmË_H$ Xam| na n«H$Q> {H$`m

OmVm h¡ Am¡a µ\o$S>m` H$s g_mnZ Xam| na nwZ_©yë`Z {H$`m OmVm h¡ Am¡a

n[aUm_r n«^md H$mo bm^ d hm{Z boIo Ho$ µO[aE nhMmZm OmVm h¡&

2.2 J¡µa g_mH${bV {dXoer n[aMmbZm| Ho$ g§~§Y _| n[adV©Z

{dXoer emImAm| H$mo µJ¡µa-g_mH${bV {dXoer n[aMmbZ Ho$ ê$n _|

dJuH¥$V {H$`m OmVm h¡ Am¡a {dËVr` {ddaUm| H$mo {ZåZmZwgma n[ad{V©V

{H$`m OmVm h¡ …

1. AmH$pñ_H$ Xo`VmAm| H$mo em{_b H$aVo hþE, AmpñV Ed§ Xo`VmAm| H$mo

df© H$s g_m{á na \o$‹S>m` Ûmam A{Ygy{MV Xam| na n[ad{V©V {H$`m

OmVm h¡&

2. Am` Ed§ ì`` H$mo µ\o$S>m` Ûmam g§~§{YV {V_mhr H$s g_m{á na

A{Ygy{MV {V_mhr Am¡gV g_mnZ Xa na n[ad{V©V {H$`m OmVm h¡&

3. {Zdb {Zdoem| Ho$ {ZnQ>mZ VH$, g^r n[aUm_r {d{Z_` A§Vam| H$mo

‘’{d{Z_` CVma-M‹T>md {Z{Y’’ Zm_H$ n¥WH$ ImVo _| g§{MV H$a aIm

OmVm h¡&

AZwgyMr 18 - _w»` boImH$aU Zr{V`m§

3 {Zdoe

3.1 ~¢H$ Ho$ {Zdoe g§{d^mJ H$mo ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma {ZåZ{b{IV VrZ n«dJm©| _| dJuH¥$V {H$`m J`m h¡ …

� n[anDoVm Ho$ {bE aIo JE (EM.Q>r.E_.)

� {~H«$s hoVw CnbãY (E.Eµ\$.Eg)

� ì`mnma Ho$ {bE aIo JE (EM.Eµ\$.Q>r)

n[an¹$Vm VH$ amoH$ aIZo Ho$ Ame` Ho$ gmW n«má H$s JB© n«{V^y{V`m| H$mo ‘’EMQ>rE_’’ n«dJ© Ho$ AÝVJ©V dJuH¥$V {H$`m J`m h¡& Aën Ad{Y Ho$ _yë` / ã`mO Xa _| CVma-M‹T>md go bm^ CR>mH$a ì`mnma H$aZo Ho$ Ame` Ho$ gmW n«má H$s JB© n«{V^y{V`m| H$mo ‘’EME\$Q>r’’ n«dJ© _| dJuH¥$V {H$`m J`m h¡& AÝ` g^r n«{V^y{V`m± Omo Cn`w©ŠV XmoZm| n«dJm©| _| Zht AmVr h¢, CÝh|, ‘’EE\$Eg’’ n«dJ© _| dJuH¥$V {H$`m J`m h¡& EM Q>r E_ n«dJ©© _| aIr J`r n«{V^y{V`m| H$s {~H«$s na n«má bm^ H$mo nhbo bm^ d hm{Z boIo _| {b`m OmVm h¡ Am¡a ~mX _| Cgo ny§Or n«ma{jVr boIo _o| {d{Z`mo{OV {H$`m OmVm h¡&

3.2 maV _| {Zdoe H$m _yë`m§H$Z ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ g_Zwê$n {ZåZmZwgma {H$`m OmVm h¡…

(H$) ‘’EMQ>rE_’’ n«dJ© _| n«{V^y{V H$m _yë`m§H$Z AO©Z H$s bmJV na {H$`m OmVm h¡ {gdm` CZ _m_bm| _| Ohm§ A§{H$V _yë` go AO©Z bmJV A{YH$ hmoVr hmo, d¡ogo _m_bo _|, A§{H$V _yë` na AO©Z bmJV H$s Eogr A{YH$Vm H$mo n[anDoVm H$s ~H$m`m Ad{Y _| n[aemo{YV {H$`m OmVm h¡& AZwf§{J`m| / g§`wŠV CÚ_m| _| {OÝh| EMQ>rE_ n«dJ© _| em{_b {H$`m J`m h¡, {Zdoem| Ho$ _yë` _|, AñWmB© n«H¥${V Ho$ Abmdm {H$gr AÝ` h«mg H$s nhMmZ H$s JB© h¡ Am¡a n«mdYmZ {H$`m J`m h¡& Eogo h«mg H$m {ZYm©aU Am¡a BgHo$ {bE n«mdYmZ n«ËòH$ {Zdoe hoVw AbJ go {H$`m OmVm h¡&

(I) ‘’EEµ\$Eg’’ n«dJ© _| {Zdoem| H$m _yë`m§H$Z, ~mµOma _yë` na, {V_mhr A§Vamb na pñH«$ndma VWm dJuH$aUdma {H$`m OmVm h¡& `{X H$moB© {Zdb _yë`h«mg hmo, Vmo Cgo bm^-hm{Z boIo _| em{_b {H$`m OmVm h¡, O~{H$ {H$gr {Zdb _yë`d¥{Õ hmoZo na CgH$s Cnojm H$a Xr OmVr h¡& Bg n«dJ© _| ~mµOma H$mo A§{H$V H$aZo Ho$ ~mX d¡`pŠVH$ n«{V^y{V`m| Ho$ ~hr _yë` _| H$moB© n[adV©Z Zht {H$`m OmVm h¡&

(J) ‘’EME\$µQ>r’’ n«dJ© _| aIr JB© d¡`pŠVH$ n«{V^y{V`m| H$mo _m{gH$ AÝVamb na ~mµOma H$mo A§{H$V {H$`m OmVm h¡& {Zdb _yë`h«mg, `{X H$moB© hmo, Vmo bm^ d hm{Z boIo _| CgH$m n«mdYmZ {H$`m OmVm h¡ O~{H$ {Zdb _yë`d¥{Õ, `{X H$moB© hmo, na Ü`mZ Zht {X`m OmVm h¡& ~mµOma _| A§{H$V H$a XoZo Ho$ ~mX d¡`pŠVH$ n«{V^y{V`m±, Omo Bg n«dJ© _| h¢, Ho$ ~hr _yë` _| H$moB© n[adV©Z Zht hmoVm h¡&

(K) ‘’EE\$Eg’’ Ed§ ‘’EME\$Q>r’’ n«dJm}§ _| n«{V^y{V`m| H$m _yë`m§H$Z {ZåZdV² {H$`m J`m h¡ …

i) H|$X« gaH$ma H$s n«{V^y{V`m| H$m _yë`m§H$Z n«mB_ar S>rbg© Egmo{gEeZ Amµ\$ B§{S>`m (nrS>rEAmB©), {µ\$ŠgS> B§H$_ _Zr _mH}$Q> E§S> So>[ado{Q>ìµO Egmo{gEeZ Amµ\$ B§{S>`m (E\$ AmB© E_ E_ S>r


123

1. ACCOUNTING CONVENTION The fi nancial statements are prepared by following the

going concern concept on historical cost convention and conform to the statutory provisions and practices prevailing in India in respect of Indian branches and in respect of foreign branches as per statutory provisions and practices prevailing in the respective countries, unless otherwise stated.

2. TRANSACTIONS INVOLVING FOREIGN EXCHANGE Foreign Currency transactions of integral foreign

operations and non-integral foreign operations are accounted for as per Accounting Standard-11 (AS-11) issued by the Institute of Chartered Accountants of India (ICAI).

2.1 Translation in respect of integral foreign operations

1. Indian branches having foreign currency transactions have been classifi ed as “Integral foreign operations” and foreign exchange transactions at these branches have been recorded at the Weekly Average Rate ( WAR) notifi ed by Foreign Exchange Dealers’ Association of India ( FEDAI).

2. Foreign currency assets and liabilities are translated at the closing rates notifi ed by FEDAI at the year end.

3. Acceptances, endorsements and other obligations and guarantees in foreign currency are carried at the closing rates notifi ed by FEDAI at the year end.

4. Exchange differences arising on settlement and translation of foreign currency assets and liabilities at the end of the fi nancial year are recognized as income or expenses in the period in which they arise.

5. Outstanding forward exchange contracts are disclosed at the Contracted rates, and revalued at FEDAI closing rates, and the resultant effect is recognized through Profi t and Loss account.

2.2 Translation in respect of non-integral foreign operations.Foreign branches are classifi ed as non-integral foreign operations and the fi nancial statements are translated as follows:

1. Assets and liabilities including contingent liabilities are translated at the closing rates notifi ed by FEDAI at the year end.

2. Income and expenses are translated at the Quarterly Average Closing rate notifi ed by FEDAI at the end of the respective quarter.

3. All resulting exchange differences are accumulated in a separate account “Exchange Fluctuation Fund” till the disposal of the net investments.

SCHEDULE 18 - SIGNIFICANT ACCOUNTING POLICIES

3. INVESTMENTS 3.1 The investment portfolio of the Bank is classifi ed

in accordance with the RBI guidelines into three categories viz.,� Held To Maturity (HTM)� Available For Sale (AFS)� Held For Trading (HFT)

The securities acquired with the intention to be held till maturity are classifi ed under “HTM” category. The securities acquired with the intention to trade by taking advantage of short–term price/interest movements are classifi ed as “HFT”. All other securities which do not fall under any of the two categories are classifi ed under “AFS” category. While profi t on sale of securities under HTM category is fi rst taken to Profi t and Loss account and thereafter appropriated to Capital Reserve account and loss if any charged to Profi t & Loss account.

3.2 Investments in India are valued in accordance with RBI guidelines, as under:

a) Securities in HTM category are valued at acquisition cost except where the acquisition cost is higher than the face value, in which case, such excess of acquisition cost over the face value is amortised over the remaining period of maturity. Any diminution, other than temporary, in value of investments in subsidiaries/joint ventures which are included under HTM category is recognized and provided. Such diminution is being determined and provided for each investment individually.

b) Investments in AFS category are marked to market, scrip-wise and classifi cation wise, at quarterly intervals. Net depreciation, if any, is provided for in the Profi t and Loss account while net appreciation, if any, is ignored. The book value of the individual securities does not undergo any change after marking to market.

c) The individual scrips in the HFT category are marked to market at monthly intervals. Net depreciation, if any, is provided for in the Profi t and Loss account while net appreciation, if any, is ignored. The Book Value of the individual securities in this category does not undergo any change.

d) Securities in AFS and HFT categories are valued as under:

i) Central Government Securities are valued at market price on the basis of appropriate Yield To Maturity (YTM) rates as announced by Primary Dealers Association of India (PDAI), Fixed Income

124

E), Ed§ ãby_~J© Ûmam Kmo{fV g_w{MV n[an¹$Vm (dmB©Q>rE_) Ho$ AmYma na, ~mµOma _yë` na {H$`m OmVm h¡&

ii) amÁ` gaH$ma Am¡a AÝ` AZw_mo{XV n«{V^y{V`m| H$m _yë`m§H$Z nrS>rEAmB©/Eµ\$AmB©E_E_S>rE Ed§ ãby_~J© Ûmam {ZH$mbr JB© g_Vwë` n[an¹$Vm H$s H§$ÝX« gaH$ma H$s n«{V^y{V`m| Ho$ n«{Vµ\$b go 25 ~o{gg ßdmB§Q> ~‹T>mVo hþE dmB©Q>rE_ nX²Y{V H$m AZwn«`moJ H$aVo hþE {H$`m OmVm h¡&

iii) H$moQ> hmoZo na B©{¹$Q>r eoàm| H$m _yë`m§H$Z ~mµOma _yë` na {H$`m OmVm h¡& H$moQ> Z hmoZodmbo B©{¹$Q>r eoàm| H$mo CZHo$ ~«oH$-An _yë` na (nyZ_©yë`Z [aµOd©, `{X hmo, na Ü`mZ {XE {~Zm), H§$nZr Ho$ ZdrZV_ VwbZnÌ (_yë`Z H$s VmarI go EH$ df© go nhbo H$m Z hmo), Ho$ AmYma na _yë`m§{H$V {H$`m OmVm h¡& AÝ`Wm eoàm| H$m _yë`m§H$Z n«{V H§$nZr EH$ én`m Ho$ AZwgma {H$`m OmVm h¡&

iv) H$moQ> hmoZo na A{Y_mÝ` eoàm| H$m _yë`m§H$Z ~mµOµma _yë` na {H$`m OmVm h¡; AÝ`Wm g_w{MV dmB©Q>rE_ Xam| AWdm nwZ:emoYZ _yë` Ho$ AmYma na {ZYm©[aV _yë`, XmoZm| _| go Omo ^r H$_ hmo, na {H$`m OmVm h¡&

v) A{J«_m| Ho$ ê$n _| aho {S>~|Mam| VWm ~m§S>m| Ho$ Abmdm, g^r {S>~|Mam| VWm ~m§S>m| H$m _yë`m§H$Z dmB©Q>rE_ AmYma na {H$`m OmVm h¡&

vi) amOH$mof {~bm|, O_m n«_mU nÌm| VWm dm{UpÁ`H$ H$mJµOmVm| H$m _yë`m§H$Z CZH$s aImd bmJV na {H$`m OmVm h¡&

vii) H$moQ> hmoZo na å`yMwAb µ\§$S>m| H$s `y{ZQ>m| H$m _yë`m§H$Z ~mµOma _yë` na {H$`m OmVm h¡; AÝ`Wm nwZ… IarX _yë` AWdm {Zdb AmpñV _yë` (EZEdr) XmoZm| _| Omo ^r H$_ hmo, na {H$`m OmVm h¡& `{X {Z{Y`m§ bm°H$-BZ Ad{Y _| h¡§, Ohm§ nwZ…IarX _yë`/~mµOma H$moQ> CnbãY Zht hmo Vmo, y{ZQ>m| H$m _yë`m§H$Z EZEdr na AWdm bm°H$-BZ Ad{Y H$s g_m{á VH$ bmJV na {H$`m OmVm h¡&

3.3 {dXoer emImAm| Ûmam {H$E JE {Zdoem| H$m _yë`m§H$Z g§~§{YV Xoem| _| n«M{bV nÕ{V Ho$ AZwgma hmoVm h¡&

3.4 Eogo {S>~|Mam| VWm ~m§S>m| H$m _yë`m§H$Z {OZ_| ã`mO/_ybYZ 90 {XZm| go A{YH$ Ho$ {bE ~H$m`m hmo, ^maVr` [aµOd© ~¢H$ Ûmam {ZYm©[aV {ddoH$nyU© _mZX§S>m| H$mo bmJy H$aVo hþE {H$`m OmVm h¡&

3.5 n«{V^y{V`m| H$s bmJV _| go Xbmbr/H$_reZ/A§eXmZm| na n«má n«moËgmhZm| H$mo KQ>m {X`m OmVm h¡& n«{V^y{V`m| Ho$ AO©Z Ho$ g§~§Y _| AXm H$s J`r Xbmbr/H$_reZ/ñQ>m§n ewëH$ H$mo amOñd ì`` _mZm OmVm h¡&

3.6 ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwê$n, ~Mmd ì`dñWm (hoqOJ) Ho$ {bE ã`mO Xam| H$s AXbm-~Xbr Ho$ boZXoZm| H$s JUZm g§M`Z AmYma na H$s OmVr h¡ Am¡a ì`mnma g§~§Yr boZXoZ nm{jH$ A§Vambm| na ~mµOma H$mo A§{H$V {H$E OmVo h¢& Hw$b AXbm-~X{b`m| Ho$ C{MV _yë` H$m AmH$bZ, VwbZ-nÌ H$s VmarI na AXbm-~Xbr H$amam| Ho$ g_má {H$E OmZo na n«má/n«mß` `m n«XËV/n«Xo` am{e Ho$ AmYma na {H$`m OmEJm& Bggo hmoZodmbr hm{Z`m| Ho$ {bE nyU© n«mdYmZ {H$`m J`m h¡, O~{H$ bm^ `{X hmo, na Ü`mZ Zht {X`m OmEJm& AXbm-~X{b`m| H$s g_m{á na bm^ AWdm hm{Z`m| H$mo ñW{JV {H$`m OmVm h¡ Am¡a AXbm-~Xbr H$s ~mH$s, g§{dXmË_H$ Ad{Y AWdm {d{Z{X©ï> AmpñV AWdm Xo`Vm H$s ~H$m`m Ad{Y XmoZm| _| Omo ^r H$_ hmo, {hgm~ _| {b`m OmEJm&

3.7 H§|$X« gaH$ma H$s Jma§Q>r Ûmam g_{W©V {Zdoe hmbm§{H$ A{VXo` h¡§, H$mo Ho$db V^r J¡µa {ZînmXH$ AmpñV (EZnrE ) _mZm OmEJm O~ Jma§Q>r H$m Amh²dmZ H$aZo na gaH$ma Jma§Q>r H$mo AñdrH$ma H$aVr h¡&

3.8 amÁ` gaH$ma Ûmam Jma§Q>rH¥$V n«{V^y{V`m| _| {Zdoe, Omo{H$ ‘’_m{ZVA{J«_m|’’ H$s n«H¥${V Ho$ Zht h¢, H$mo AmpñV dJuH$aU Am¡a n«mdYmZrH$aU _mZX§S>m| Ho$ AÚYrZ aIm OmVm h¡ O~ ã`mO/_ybYZ H$s {H$ñV (n[an¹$Vm g§n«m{á`m| g{hV) AWdm ~¢H$ H$mo Xo` H$moB© AÝ` am{e H$m 90 go A{YH$ {XZm| VH$ ^wJVmZ Zht hmoVm h¡&

4. A{J«_

4.1 ^maVr` [aµOd© ~¢H$ Ûmam Omar {ddoH$nyU© _mZX§S>m| Ho$ AZwê$n…i) ^maV _| A{J«_m| H$mo CYmaH$Vm©-dma _mZH$, Ad_mZH$, g§{X½Y VWm

hm{Z dmbr AmpñV`m| Ho$ ê$n _| dJuH¥$V {H$`m OmVm h¡,ii) F$U hm{Z`m| Ho$ {bE n«mdYmZ {H$E OmVo h¢ Am¡aiii) _mZH$ A{J«_m| Ho$ {bE gm_mÝ` n«mdYmZ {H$ò OmVo h¢&

4.2 S>r 2 n«dJ© H$s AmpñV`m| hoVw n«mdYmZ, n«{V^y{V H$s CnbãYVm H$mo Ü`mZ {XE {~Zm {H$`m 100 n«{VeV aIo OmVo h¢&

4.3 Ad_mZH$ n«dJ© H$s AmpñV`m| hoVw n«mdYmZ, ~H$m`m am{e na EH$ g_mZê$n go 20 n«{VeV aIo OmVo h¢&

4.4 {dXoer emImAm| Ho$ g§~§Y _| Am`-{ZYm©aU, AmpñV dJuH$aU VWm F$U hm{Z`m| Ho$ {bE n«mdYmZ ñWmZr` Amdí`H$VmAm| AWdm ^maVr` [aµOd© ~¢H$ Ho$ {ddoH$nyU© _mZX§S>m|, Omo ^r A{YH$ g»V h¢, Ho$ AZwgma {H$E OmVo h¢&

4.5 n«H$Q> {H$ o JE A{J«_, µJ¡a-{Zînm{XV AmpñV`m|, S>rAmB©grOrgr/B©grOrgr/grOrQ>rEgAmB© go n«má VWm g_m`moOZ hoVw b§{~V aIo JE Xmdm|, {d{dY ImVo _| n«má Am¡a aIr JB© MwH$m¡{V`m|, ã`mO dgybr `mo½` ImVo _| eof, gh^m{JVm n«_mU-nÌm| Ed§ nwZ… wZm o J o {_`mXr {~bm| Ho$ {bE {H$E JE n«mdYmZm| Ho$ ~mX h¢&

5 AMb AmpñV`m±/_yë`h«mg

5.1 n[aga VWm AÝ` AMb AmpñV`m| H$m {hgm~ CZH$s na§namJV bmJV/nwZ_y©ë`m§{H$V am{e Ho$ AmYma na bJm`m J`m h¡&

5.2 ^maV _| ^dZ ( Ohm± H$ht AbJ Zht H$s Om gH$Vr h¡/AbJ Zht H$s JB© h¡, µO_rZ H$s bmJV g{hV ) VWm AÝ` AMb AmpñV`m| (H$åß`yQ>a em{_b Zht) na _yë`h«mg H$m n«mdYmZ H§$nZr A{Y{Z`_ 1956 H$s AZwgyMr XIV _| {Z{X©ï> Xam| Ho$ AZwgma Am¡a ‘nwZ_y©ë`m§{H$V AmpñV`m|’Ho$ _m_bo _| ~¢H$ Ûmam {ZYm©[aV Xam| na grYr H$Q>m¡Vr n«Umbr go {H$`m J`m h¡&

5.3 ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma H§$ß`yQ>am| Ed§ ~mYm a{hV {~Obr Amny{V© n«Um{b`m| (`ynrEg) na _yë`h«mg H$s JUZm grYr aoIm nÕ{V (EgEbE_) na 33.33 n«{VeV n«{Vdf© H$s Xa na H$s OmVr h¡&

5.4 30 {gV§~a H$mo `m CgHo$ nyd© A{O©V AMb AmpñV`m| na _yë`h«mg VWm CgHo$ ~mX A{O©V AmpñV`m| na _yë`h«mg {Z{X©ï> Xam| Ho$ 100n«{VeV na VWm CgHo$ ~mX A{O©V AmpñV`m| na 50 n«{VeV na n«^m[aV {H$`m OmVm h¡&

5.5 nQ²>Qo> H$s µO_rZ na n«r{_`_ A{YJ«hU df© _| ny§OrH¥$V {H$`m OmVm h¡ Am¡a nQ²>Q>m-Ad{Y _| n[aemo{YV {H$`m OmVm h¡&


125

Money Market and Derivatives Association of India (FIMMDA) and Bloomberg.

ii) State Government and Other approved securities are valued applying the YTM method by marking up 25 basis points above the yields of the Central Government Securities of equivalent maturity put out by PDAI, FIMMDA, and Bloomberg.

iii) Equity shares are valued at market price, if quoted. Unquoted equity shares are valued at break-up value (without considering revaluation reserves if any) as per the company’s latest balance sheet (not more than one year prior to the date of valuation). Otherwise, the shares are valued at Re. 1 per company.

iv) Preference shares are valued at market price, if quoted; otherwise at lower of the value determined based on the appropriate YTM rates or redemption value.

v) All debentures/bonds, other than those which are in the nature of advances, are valued on the YTM basis.

vi) Treasury bills, Certifi cate of deposits and Commercial papers are valued at carrying cost.

vii) Units of Mutual Funds are valued at market price, if quoted; otherwise at lower of repurchase price or Net Asset Value (NAV). In case of funds with a lock-in period, where repurchase price / market quote is not available, units are valued at NAV, else valued at cost till the end of the lock-in period.

3.3 Investments by Foreign Branches are valued as per the practice prevailing in the respective countries.

3.4. Debentures and Bonds, where interest/ principal is in arrears for more than 90 days are valued applying the prudential norms prescribed by RBI.

3.5. Brokerages / Commission / incentive received on subscriptions are deducted from the cost of securities. Brokerage / Commission / Stamp duty paid in connection with acquisition of securities are treated as revenue expenses.

3.6. Interest Rate Swap transactions for hedging are accounted on accrual basis and transactions for trading are marked to market at fortnightly intervals, in line with the RBI guidelines. The fair value of the total swaps is computed on the basis of the amount that would be received/ receivable or paid/ payable on termination of the swap agreements as on the balance sheet date. Losses arising therefrom, if any, are fully provided for, while the profi t, if any, is ignored. Gains or loss on termination of swaps is deferred and recognised over the shorter period of the remaining contractual life of the swap or the remaining life of the designated asset or liability.

3.7. Investments backed by guarantee of the Central Government though overdue are treated as Non Performing Asset (NPA) only when the Government repudiates its guarantee when invoked.

3.8. Investment in State Government guaranteed securities, which are not in the nature of ‘deemed advances’, are subjected to asset classifi cation and provisioning norms if interest/ installment of principal (including maturity proceeds) or any other amount due to the Bank remains unpaid for more than 90 days.

4 ADVANCES4.1 In accordance with the prudential norms issued

by RBI: (i) advances in India are classifi ed into standard,

sub-standard, doubtful and loss assets borrower-wise,

(ii) provisions are made for loan losses, and (iii) general provision is made for standard

advances.4.2 Provisions for D2 category of Assets are made at

100%, irrespective of availability of security.4.3 Provisions for Substandard category of Assets

are made at 20% uniformly, on the balance outstanding.

4.4 In respect of foreign branches, income recognition, asset classifi cation and provisioning for loan losses are made as per local requirement or as per RBI prudential norms, whichever is more stringent.

4.5 Advances disclosed are net of provisions made for non-performing assets, DICGC/ ECGC/ CGTSI claims received and held pending adjustment, repayments received and kept in sundries account, balance in interest realizable account, participation certifi cates and usance bills rediscounted.

5. FIXED ASSETS / DEPRECIATION 5.1 Premises and other fi xed assets are stated at

historical cost/ revalued amount. 5.2 Depreciation on buildings (including cost of land

wherever inseparable/ not segregated) and other fi xed assets (excluding computers) in India is provided for on the straight-line method at rates specifi ed in Schedule XIV to the Companies Act, 1956 and at the Bank determined rates based on Residual Life in the case of ‘Revalued Assets’.

5.3 Depreciation on computers and Uninterrupted Power Supply Systems (UPS) is provided at the rate of 33.33% per annum on Straight Line Method (SLM).

5.4 Depreciation on fi xed assets acquired on or before 30th September is charged at 100% of the prescribed rates and at 50% of the prescribed rates on the fi xed assets acquired thereafter.

5.5 Premium on leasehold land is capitalised in the year of acquisition and amortized over the period of lease.

126

5.6 {dXoer emImAm| H$s AMb AmpñV`m| Ho$ g~§Y _| _yë`h«mg H$m n«mdYmZ g§~§{YV Xoem| _| n«M{bV nÕ{V Ho$ AZwgma {H$`m J`m h¡&

5.7 µJ¡a-~¢qH$J AmpñV`m| (EZnrE) Ho$ g§~§Y _| H$moB© _yë`h«mg n«^m[aV Zht {H$`m OmVm h¡&

6. amOñd nhMmZ

6.1 Am` Am¡a ì`` H$mo, O~ VH$ AÝ`Wm Zht H$hm OmE, gm_mÝ`V… g§M`r AmYma na {hgm~ _| {b`m OmVm h¡&

6.2 µJ¡a-{ZînmXH$ AmpñV`m|, gaH$ma Ûmam Jm§aQ>rH¥$V AmpñV`m| (Ohm§ ã`mO {Z`{_V ê$n go dgyb Zht {H$`m OmVm h¡), bm^m§e Am`, ~r_m Xmdo, Omar {H$`o J`o gmI-nÌm|/Jma§{Q>`m| na H$_reZ (n[a`moOZm {dËV go BVa) IarXo JE {~bm| na A{V[aŠV ã`mO/A{VXo` n«^ma, bm°H$a {H$am`m, {dËVr` n«^ma Am{X H$mo CZH$s dgybr hmoZo na {hgm~ _| {b`m J`m h¡&

6.3 A{VXo` {dXoer {~bm| Ho$ _m_bo _|, ã`mO Am¡a AÝ` n«^mam| H$mo ^maVr` {dXoer _wX«m ì`mnmar g§K (µ\o$S>m`) Ho$ {Xem{ZX}em| Ho$ AZwgma {H$ñQ´>bmB©OoµeZ H$s VmarI VH$ _mZm J`m h¡&

7. {Zdb bm^/hm{Z

bm^ d hm{Z boI| _| Xem©`m J`m n[aUm_ {ZåZ{b{IV na {dMma H$aZo Ho$ níMmV² h¡ …

- µJ¡a {ZînmXZ A{J«_m| Am¡a/AWdm {Zdoem| Ho$ {bE n«mdYmZ - _mZH$ A{J«_m| na gm_mÝ` n«mdYmZ - AMb AmpñV`m| na _yë`h«mg Ho$ {bE n«mdYmZ - {Zdoem| na _yë`h«mg Ho$ {bE n«mdYmZ - AmH$pñ_H$Vm {Z{Y H$mo/go A§VaU - gm§{d{YH$ Amdí`H$VmAm| Ho$ AZwê$n n«Ë`j H$am| Ho$ {bE n«mdYmZ - gm_mÝ` AWdm/Am¡a AÝ` Amdí`H$ n«mdYmZ

8 ñQ>mµ\$ H$mo godm{Zd¥pËV na n«má hmZodmbo bm^

8.1 n|eZ {Z{Y d J«oÀ`w{Q> {Z{Y _| dm{f©H$ A§eXmZm| H$m {ZYm©aU Ed§ n«mdYmZ {H$`m OmVm h¡ …

i) ~r_m§H$H$ _yë`m§H$Z Ho$ AmYma na ^maV _| H«$_e… AZw_mo{XV n|eZ {Z{Y Am¡a Jo«À`w{Q> Ho$ AmYma na {H$`m OmVm h¡, Am¡a

ii) {dXoer emImAm| Ho$ g§~§Y _| dhm§ Ho$ ñWmZr` H$mZyZm| Ho$ AZwgma {H$`m OmVm h¡&

8.2 ñQ>mµ\$ gXñ`m| Ho$ {bE Nw>Q²>Q>r H$s ^wZmB© H$m bm^, ~r_m§H$H$ AmYma na {hgm~ _| {b`m J`m h¡&

8.3 H$_©Mmar bm^ go g§~§{YV Q´>m§{geZb Xo`Vm H$m {ZYm©aU ~r_m§H$H$ _yë`m§H$Z Ho$ AmYma na {H$`m OmVm h¡ d AmB©grEAmB© Ûmam Omar g§emo{YV boImH$aU _mZH$ 15 (EEg 15), ‘’H$_©Mmar bm^m|’’ Ho$ g§~§Y _| nm§M dfm} H$s Ad{Y _| ~Q²>Qo> ImVo _| S>mbm OmVm h¡&

9. AmH$pñ_H$ Xo`VmE§ Am¡a n«mdYmZ{nN>br KQ>ZmE±, {OZgo g§^m{dV `m dV©_mZ ~mÜ`VmE§ AmVr h¢ H$mo, AmH$pñ_H$ Xo`Vm Ho$ ê$n _| {b`m OmVm h¡& _m¡OyXm ~mÜ`VmAm| Ho$ _m_bo _|, Ohm§ {dídgZr` AmH$bZ {H$`m Om gH$Vm h¡ VWm Ohm§ na ~mÜ`VmAm| Ho$ {ZnQ>mZ Ho$ {bE Am{W©H$ bm^m| H$mo _yV© ê$n XoZodmbo g§^m{dV g§gmYZm| H$m ~{hJ©_Z hmo, n«mdYmZ H$mo nhMmZm OmVm h¡&

10. AmpñV`m| _| hm{Z AmpñV`m| _| hm{Z `{X hmo H$s nhMmZ, Bg g§~§Y _| B§pñQ>Q²>`yQ> Amµ\$ MmQ©>S©> AH$mC§Q|>Q²>g Amµ\$ B§{S>`m H$s AmB©grEAmB© Ûmam Omar {H$E JE boImH$aU _mZH$ 28 Ho$ g_Zwê$n H$s OmVr h¡&

11. Am` na H$a

11.1 dV©_mZ H$a (Ý`yZV_ d¡H$pënH$ H$a-E_EQ>r g{hV) Ed§ AmñW{JV H$a XmoZm| Ho$ {bE H$a hoVw n«mdYmZ {H$`m OmVm h¡&

11.2 dV©_mZ H$a H$m _mnZ, H$a n«m{YH$m[a`m| H$mo AXm H$s OmZodmbr n«Ë`m{eV am{e Ho$ AZwgma bmJy H$a Xam|, H$a H$mZyZm| Ed§ AZwHy$b Ý`m{`H$ \¡µ$gbm|/{d{YH$ am` H$m n«`moJ H$aVo hþE {H$`m OmVm h¡&

11.3 g_` _| A§Va Ho$ H$maU CËnÝZ hmoZodmbr AmñW{JV H$a AmpñV`m§ Ed§ Xo`VmE§§ Am¡a Omo{H$ AmZodmbr Ad{Y`m| _| [adg©b H$s j_Vm aIVr hm|, H$so nhMmZ, VwbZ-nÌ H$s {V{W VH$ V¡`ma AWdm ~mX _| V¡`ma H$a Xam| Ed§ H$a {Z`_m| H$m n«`moJ H$aVo hþE H$s OmVr h¡& AmñW{JV H$a AmpñV`m| H$s nhMmZ V~ VH$ Zht H$s OmVr O~ VH$ ‘’dMw©Ab{ZpíMVVm’’ Zht hmo OmVr {H$ n`m©á ^{dî` H$a `mo½` Am` CnbãY hmoJr {Oggo Eogr AmñW{JV H$a AmpñV`m§ CJmhr OmE§Jr&



DIRECTORS:Hw$ekj lat; H¥$îU, gr Ama JmonmbgwÝXa_, AemoH$ Jwám, Q>r Q>r ZQ>amOZ, S>m° Or gwYmH$a amd, lr_Vr gm[a`m ImZ, izks- ujsUnz dqekj vxzoky

AUDITORS:

d`rs vkj- lqczef.k;u ,aM daiuh d`rs vkj xksiky ,aM ,lksfl,V d`rs xz/kh ,aM daiuh gZXr boImH$ma gZXr boImH$ma gZXr boImH$ma


(M.No. 008460) (M.No. 051979) (M.No. 004865)




127

5.6 Depreciation in respect of fi xed assets at foreign branches is provided as per the practice prevailing in the respective countries.

5.7 In respect of Non Banking Assets, no depreciation is charged.

6. REVENUE RECOGNITION

6.1 Income and expenditure are generally accounted for on accrual basis, unless otherwise stated.

6.2 Income from non-performing assets, Government guaranteed assets (where interest is not serviced regularly), dividend income, insurance claims, commission on letters of credit/ guarantees issued (other than those relating to project fi nance), additional interest/ overdue charges on bills purchased, locker rent, fi nance charges on credit cards etc. are accounted for on realisation.

6.3 In case of overdue foreign bills, interest and other charges are recognised till the date of crystallisation as per FEDAI guidelines.

7. NET PROFIT / LOSS The result disclosed in the Profi t and Loss Account is

after considering: - Provision for Non-Performing Advances and/ or

Investments. - General provision on Standard Advances - Provision for Depreciation on Fixed Assets - Provision for Depreciation on Investments - Transfer to/ from Contingency Fund - Provision for direct taxes in accordance with

statutory requirements - Usual or/and other necessary provisions

8. STAFF RETIREMENT BENEFITS

8.1 Annual contributions to Pension Fund and Gratuity Fund are determined and provided for:

(i) on the basis of actuarial valuation and contribution to approved Pension Fund and Gratuity Fund respectively in India, and

(ii) as per the local laws in respect of foreign branches.

8.2 Leave encashment benefi t for employees is accounted for on actuarial basis.

8.3 Transitional liability relating to employee benefi ts determined as per actuarial valuation is written off over a period of fi ve years in terms of Revised Accounting Standard 15 (AS -15), “Employee Benefi ts”, issued by ICAI.

9. CONTINGENT LIABILITIES AND PROVISIONS

Past events leading to, possible or present obligations are treated as contingent liability. Provision is recognised in case of present obligations where a reliable estimate can be made and/or where there are probable outfl ow of resources embodying forgoing of economic benefi ts to settle the obligations.

10. IMPAIRMENT OF ASSETS

Impairment losses, if any, are recognised in accordance with the Accounting Standard 28 issued in this regard by the Institute of Chartered Accountants of India (ICAI).

11. TAXES ON INCOME

11.1 Provision for tax is made for both Current Tax (including Minimum Alternate Tax – MAT) and Deferred Tax.

11.2 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 opinion.

11.3 Deferred Tax Assets and Liabilities arising on account of timing differences and which are capable of reversal in subsequent periods are recognised using the tax rates and tax laws that have been enacted or substantively enacted till the date of the Balance Sheet. Deferred Tax Assets are not recognised unless there is “virtual certainty” that suffi cient future taxable income will be available against which such deferred tax assets will be realised.




AUDITORS:



(M.No. 008460) (M.No. 051979) (M.No. 004865)



128

godm _|,

^maV Ho$ amï´>n{V

1. h_Zo B§{S>`Z ~¢H$ Ho$ 31 _mM© 2009 VH$ Ho$ g§b¾ VwbZ-nÌ Ed§ CgHo$ gmW AZw~Õ Cgr VmarI H$mo g_má hþE df© Ho$ bm^ hm{Z boIo VWm ZH$Xr n«dmh {ddaU H$s boIm narjm H$s h¡, {Og_| (i) h_mao Ûmam boIm nar{jV 20emImAm| Am¡a 28 _§S>b H$m`m©b`m| H$s {dda{U`m± (ii) emIm boIm narjH$m| Ûmam boIm nar{jV 1405 emImAm| H$s {dda{U`m§ Am¡a (iii) ñWmZr` boIm narjH$m| Ûmam boIm nar{jV 2 {dXoer emImAm| H$s {dda{U`m§ em{_b h¢& h_mao Ûmam Am¡a AÝ` boImnarjH$m| Ûmam boImnar{jV emImAm| H$m M`Z ~¢H$ Zo ^maVr` [aµOd© ~¢H$ Ûmam ~¢H$m| Ho$ {bE Omar {Xem{ZX}em| Ho$ AZwgma {H$`m h¢& VwbZ-nÌ Am¡a bm^ d hm{Z boIo _| 217 Eogr emImAm| Ed§ 24 AÝ` H$m`m©b`m| H$s {dda{U`m§ r em{_b h¢, Omo{H$ boImnarjm Ho$ AÜ`YrZ Zht Wo& BZ AboImnar{jV emImAm| _| A{J«_m| H$m 0.54% O_mAm| H$m 2.27%,ã`mO Am` H$m 0.35% Am¡a ã`mO ì`` H$m 2.00% {hñgm em{_b h¢& `o {dËVr` {ddaU, ~¢H$ n«~§YZ H$m CËVaXm{`Ëd h¢& h_mam CËVaXm{`Ëd AnZr boImnarjm Ho$ AmYma na BZ {dËVr` {dda{U`m| na AnZm {dMma ì`ŠV H$aZm h¡&

2. h_Zo AnZr boImnarjm ^maV _| gm_mÝ`V… ñdrH¥$V boImnarjm _mZH$m| Ho$ AZwgma H$s h¡& CZ _mZH$m| hoVw `h Ano{jV h¡ {H$ h_ AnZr boImnarjm H$s `moOZm Bg n«H$ma ~ZmE§ Am¡a {Zînm{XV H$a| {H$ h_ g_w{MV ê$n go Bg ~mao _| AmídñV hmo OmE§ {H$ {dËVr` {ddaUm| _| {df`dñVw g§~§Yr H$moB© JbV OmZH$mar Zht Xr JB© h¡& boImnarjm Ho$ A§VJ©V {dËVr` {ddaUm| _| {XIm`r J`r am{e`m| Am¡a n«H$Q>rH$aU Ho$ g_W©Z _| {XE JE gmú` H$m narjU Ho$ Vm¡a na Om§M em{_b h¡& boImnarjm Ho$ A§VJ©V n«~§YZ Ûmam n«`wŠV boImH$aU {gÕm§Vm| VWm n«_wI AmH$bZm| H$m {ZYm©aU VWm n«ñVwV {H$`o JE g_J« {dËVr` {ddaU H$m _yë`m§H$Z r em{_b h¡& h_| {dídmg h¡ {H$ h_mar boImnarjm h_mao A{^_V Ho$ {bE C{MV AmYma h¡&

3. VwbZ-nÌ Am¡a bm^ Ed§ hm{Z boIm, ~¢H$H$mar {d{Z`_Z A{Y{Z`_, 1949H$s V¥Vr` AZwgyMr Ho$ H«$_e… µ\$m°_© ‘E’ VWm ‘~r’ _| V¡`ma {H$E JE h¢&

4. boImnarjm H$s gr_mAm| Ho$ AÜ`YrZ Am¡a ~¢H$H$mar H§$nZr (CnH«$_m| H$m AO©Z

Am¡a A§VaU) A{Y{Z`_ 1970 H$s AnojmZwgma Am¡a Cg_| Ano{jV Cn`w©ŠV

n¡am 1 _| C{„{IV n«H$Q>rH$aU H$s gr_mAm| Ho$ AÜ`YrZ h_ [anmoQ©> H$aVo h¢

{H$…

(H$) h_Zo g^r OmZH$mar d ñnï>rH$aU n«má {H$E h¢, Omo{H$ h_mar loð>V_

OmZH$mar d {dídmg _| h_mar boImnarjm Ho$ n«`moOZmW© Amdí`H$ Wo

Am¡a h_Zo CÝh| g§VmofOZH$ nm`m&

(I) ~¢H$ Ho$ boZXoZ Omo{H$ h_mar gyMZm _| AmE h¢, ~¢H$ Ho$ A{YH$mam| Ho$

^rVa hr h¢&

(J) H$m`m©b`m| Ed§ emImAm| VWm ~¢H$ Ho$ H$m`m©b`m| go n«má {ddaU h_mar

boImnarjm Ho$ n«`moOZmW© n`m©á nmE JE h¢§&

5. h_mar am` _| VwbZ-nÌ, bm^ d hm{Z boIm VWm ZH$Xr n«dmh {ddaU n«`moÁ`

boImH$aU _mZH$m| H$m AZwnmbZ H$aVo h¢&

6. h_mar am` _|, ~¢H$ H$s ~{h`m| _| {XE JE AZwgma Am¡a h_mar loð>V_ OmZH$mar

VWm h_| {XE JE ñnï>rH$aUom§ Ho$ AZwgma…

i. ^maV _|, ñdrH$m`© gm_mÝ`V… boImH$aU Zr{V`m| Ho$ AZwnmbZ _|,

{Q>ßn{U`m| Ho$ gmW n{R>V VwbZ - nÌ, Amdí`H$ OmZH$mar g{hV, nyU©

Am¡a ghr VwbZ-nÌ h¡, VWm Cgo Bg n«H$ma C{MV ê$n go V¡`ma {H$`m

J`m h¡ {H$ Cggo 31 _mM© 2009 H$mo ~¢H$ H$o H$m_H$mO H$m ghr Am¡a

dmñV{dH$ {MÌ n«X{e©V hmoVm h¡&

ii. _hËdnyU© boImH$aU Zr{V`m| Am¡a boIm| na {XE JE ZmoQ> Ho$ gmW n{R>V

bm^ Ed§ hm{Z boIm, H$da {H$E JE df© Ho$ {bE ^maV _| gm_mÝ`V

ñdrH$m`© boImH$aU Zr{V`m| Ho$ AZwnmbZ _| boIo Ûmam bm^ H$m ghr eof

Xem©Vm h¡ Am¡a

iii. ZH$Xr n«dmh {ddaU Cg VmarI H$mo g_má df© Ho$ {bE ZH$Xr n«dmhm| H$m

gË` Am¡a C{MV {ddaU Xem©Vm h¡,

boIm narjH$m| H$s [anmoQ©>




(M.No. 008460) (M.No. 051979) (M.No. 004865)




129

To

The President of India

1. We have audited the attached Balance Sheet of INDIAN BANK as at 31st March 2009, the Profi t and Loss Account and Cash Flow Statement of the Bank for the year ended on that date annexed thereto in which are incorporated the returns of (i) 20 Branches and 28 Circle Offi ces audited by us, (ii) 1405 Branches audited by branch auditors, and (iii) 2 foreign branches audited by local 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 incorporated in the Balance Sheet and the Profi t and Loss Account are the returns of 217 branches and 24 other offi ces, which have not been subjected to audit. These unaudited branches account for 0.54% of advances, 2.27% of deposits, 0.35% of interest income and 2.00% of interest expenses. These fi nancial statements are the responsibility of the Bank’s Management. Our responsibility is to express an opinion on these fi nancial statements based on our audit.

2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free from material mis-statements. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the fi nancial statements. An audit also includes assessing the accounting principles used and signifi cant estimates made by the management, as well as evaluating the overall fi nancial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

AUDITORS’ REPORT

3. The Balance Sheet and the Profi t and Loss Account have been drawn up in Forms ‘A’ and ‘B’ respectively of the Third Schedule to the Banking Regulation Act, 1949.

4. As required by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and subject to the limitations of disclosures required therein and the limitations of the audit indicated in Para (1) above, 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.

c) The returns received from the offi ces and branches and offi ces of the Bank have been found adequate for the purpose of our audit.

5. In our opinion the Balance Sheet, Profi t and Loss Account and Cash Flow Statement comply with the applicable accounting standards.

6. In our opinion, as shown by books of bank, and to the best of our information and according to the explanations given to us:

(i) The Balance Sheet read with the notes thereon is a full and fair Balance Sheet containing the necessary particulars, is properly drawn up so as to exhibit a true and fair view of the affairs of the Bank as at 31st March 2009 in conformity with accounting principles generally accepted in India.

(ii) The Profi t and Loss Account read with the notes thereon shows a true balance of the Profi t in conformity with accounting principles generally accepted in India, for the year covered by the account; and

(iii) The Cash Flow Statement gives a true and fair view of the cash fl ows for the year ended on that date.




(M.No. 008460) (M.No. 051979) (M.No. 004865)



130



131

g_o{H$V VwbZ nÌ,bm^ d hm{Z boIm Ed§ AZwgy{M`m§

CONSOLIDATED BALANCE SHEET,

PROFIT AND LOSS ACCOUNT AND SCHEDULES

132

31 _mM© 2009 H$mo lekIr ofZ ds fy,”g_o{H$V VwbZ nÌCONSOLIDATED BALANCE SHEET AS ON 31ST MARCH, 2009

{ddaU Particulars AZwgyMr gaSchedule

31.03.2009 H$moAs on 31.03.2009

31.03.2008 H$moAs on 31.03.2008

ny±Or d Xo`VmE§ CAPITAL & LIABILITIESny§Or CapitalAma{j{V`m§ Am¡a A{Yeof Reserves & SurplusAëng§»`H$ {hV Minority InterestO_mE§ DepositsCYma BorrowingsAÝ` Xo`VmE§ Am¡a n«mdYmZ Other Liabilities & Provisions

12

2A345

829.776434.38

19.7172512.49

530.783914.85

829.774419.13

22.2560985.341283.243063.39

Hw$b Total 84241.98 70603.12

AmpñV`m§ ASSETS^maVr` [aµOd© ~¢H$ Ho$ gmW ZH$X Am¡a eof Cash & Balances with Reserve Bank of India ~¢H$m| Ho$ gmW eof Am¡a _m§J na VWm Aën gyMZm na n«mß` YZam{eBalances with Banks and Money at call and short notice{Zdoe InvestmentsA{J«_ AdvancesAMb AmpñV`m§ Fixed AssetsAÝ` AmpñV`m§ Other Assets

6

789

1011

6211.59

474.7322861.3251479.051601.401613.89

6432.97

340.3121942.7839856.43

549.541481.09

Hw$b Total 84241.98 70603.12

AmH$pñ_H$ Xo`VmE§ Contingent Liabilities 12 17439.10 12753.39

dgybr Ho$ {bE {~b Bills for Collection 1631.36 1561.79

ys[kksa ij fVIif.k;ka Notes on Accounts 17egRoiw.kZ ys[kkdj.k uhfr;ka Signifi cant Accounting Policies 18Åij lanfHkZr vuqlwfp;ka rqyu i= dk ,d vfHkUu vax gS Schedules refered to above form an integral part of the Balance Sheet

H¥$Vo Ama gw~«_{U`Z E§S> H§$ H¥$Vo Ama Jmonmb EÊS> Agmo{g`oQ²>g H¥$Vo J«ÝYr E§S> H§$. For R. SUBRAMANIAN AND COMPANY For R. GOPAL & ASSOCIATES For GRANDHY & CO gZXr boImH$ma gZXr boImH$ma gZXr boImH$ma Chartered Accountants Chartered Accountants Chartered Accountants

vkj izdk’k vkj ih vxjoky ujs’k panz xsYyh oh R. Prakash R. P. Agarwal Naresh Chandra Gelli V

lk>snkj lk>snkj lk>snkjPartner Partner Partner

(M.No. 205869) (M.No. 051979) (M.No. 201754)

H¥$Vo nr.Eb {_ËVb E§S> H§$nZr H¥$Vo {dídZmWZ E§S> ñdm_rZmWZ H¥$Vo JUogZ E§S> H§$nZr For P. L. MITTAL & CO., For VISWANATHAN & SWAMINATHAN For GANESAN AND COMPANY gZXr boImH$manr. gZXr boImH$ma gZXr boImH$ma Chartered Accountants Chartered Accountants Chartered Accountants

/khjt feRry oh eksgu ,l LokfeukFkuDhiraj Mittal V. Mohan S Swaminathan


(M.No. 97289) (M.No. 26590) (M.No. 23998)




funs’kd DIRECTORS:

dqekj lat; d`".kkdqekj lat; d`".kk KUMAR SANJAY KRISHNA, gr Ama JmonmbgwÝXa_ C R GOPALASUNDARAM, AemoH$ Jwám ASHOK GUPTA, Q>r Q>r ZQ>amOZ T T NATARAJAN, S>m° Or gwYmH$a amd DR G SUDHAKAR RAO, lr_Vr gm[a`m ImZ Mrs. SARIA KHAN, lh ds jaxukFku C K RANGANATHAN izks- ujsUnz dqekj vxzoky PROF. NARENDRA KUMAR AGRAWAL

ys[kk ijh{kd AUDITORS:

(#-djksM+ksa esa)(Rs. in Crore)


133

31 _mM© 2009 H$mo lekIr ofZ ds fy, g_o{H$V VwbZ nÌCONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2009

{ddaU Particulars AZwgyMr gaSchedule

31.03.2009 H$mo g_má df© Year Ended 31.03.2009

31.03.2008 H$mo g_má df© Year E 31.03.2008

I. Am` … IncomeA{O©V ã`mO Interest earnedAÝ` Am` Other Income

13

14

6833.16

1046.03

5212.24

1056.21

Hw$b Total 7879.19 6268.45

II. ì`` Expenditureì`` {H$`m J`m ã`mO Interest expendedn[aMmbZJV ì`` Operating Expensesn«mdYmZ Ed§ AmH$pñ_H$Vm`| Provisions & Contingencies

1516

4216.041422.50994.77

3154.921407.09656.68

Hw$b Total 6633.31 5218.69

III. df© Ho$ {bE g_yh go g§~§{YV g_o{H$V {Zdb bm^ / (hm{Z) Consolidated Profi t/(loss) for the year attributable to the grouplg;ksfx;ksa ({ks=h; xzkeh.k cSad)esa vtZu dk Hkkx Share of earnings in Associates (Regional Rural Banks)

Aën g§»`H$ {hV Minority Interest AJ«mZrV bm^/(hm{Z) Profi t/(Loss) brought forward

1245.886.732.54

1255.1581.57

1049.760.00

-6.641043.12

56.41

Hw$b {Zdb bm^ Total Net Profi t 1336.72 1099.53

IV. {d{Z`moOZ Appropriations {ZåZ H$mo A§V[aV Transfer to gm§{d{YH$ [aµOd© Statutory Reserves ny±Or [aµOd© - AÝ` Capital Reserves-Others Am`-H$a A{Y{Z`_ 36(1)(viii) Hoo$ A§VJ©V {deof [aµOd©

vk;dj vf/kfu;e ds fjtoZ foeof ;w@,l 36(1)(viii) Spl.Reserve u/s 36(1)(viii) of Income Tax Act

fuos’k fjt+oZ Investment Reserves amOñd [aµOd© Revenue Reserves ñQ>mµ\$ H$ë`mU {Z{Y Staff Welfare Fund n«ñVm{dV bZfDoVh bm^m§e Proposed Equity Dividend n«ñVm{dV A{Y_mÝ` bm^m§e Proposed Preference Dividend bm^m§e {dVaU H$a Dividend Distribution Taxg_o{H$V VwbZ nÌ H$mo bo Om`m J`m A{Yeof Balance carried over to consolidated Balance Sheet

313.0024.13

54.0011.09

537.7315.00

218.2137.5043.45

82.61

252.001.38

60.000.00

439.7215.00

178.5735.0036.29

81.57

Hw$b {d{Z`moOZ Total Appropriations 1336.72 1099.53

n«{V eo`a AO©Z é. (_yb Ed§ H$_ {H$`m J`m) Earnings per Share in Rs. (Basic & diluted) 28.18 23.32

ys[kksa ij fVIif.k;ka Notes on Accounts 17egRoiw.kZ ys[kkdj.k uhfr;ka Signifi cant Accounting Policies 18Åij lanfHkZr vuqlwfp;ka rqyu i= dk ,d vfHkUu vax gS Schedules refered to above form an integral part of the Balance Sheet

H¥$Vo Ama gw~«_{U`Z E§S> H§$ H¥$Vo Ama Jmonmb EÊS> Agmo{g`oQ²>g H¥$Vo J«ÝYr E§S> H§$. For R. SUBRAMANIAN AND COMPANY For R. GOPAL & ASSOCIATES For GRANDHY & CO gZXr boImH$ma gZXr boImH$ma gZXr boImH$ma Chartered Accountants Chartered Accountants Chartered Accountants

vkj izdk’k) vkj ih vxjoky ujs’k panz xsYyh oh R. Prakash R. P. Agarwal Naresh Chandra Gelli V


(M.No. 205869) (M.No. 051979) (M.No. 201754)

H¥$Vo nr.Eb {_ËVb E§S> H§$nZr H¥$Vo {dídZmWZ E§S> ñdm_rZmWZ H¥$Vo JUogZ E§S> H§$nZr For P. L. MITTAL & CO., For VISWANATHAN & SWAMINATHAN For GANESAN AND COMPANY gZXr boImH$manr. gZXr boImH$ma gZXr boImH$ma Chartered Accountants Chartered Accountants Chartered Accountants

/khjt feRry oh eksgu ,l LokfeukFkuDhiraj Mittal V. Mohan S Swaminathan


(M.No. 97289) (M.No. 26590) (M.No.23998)




funs’kd DIRECTORS:

dqekj lat; d`".kkdqekj lat; d`".kk KUMAR SANJAY KRISHNA, gr Ama JmonmbgwÝXa_ C R GOPALASUNDARAM, AemoH$ Jwám ASHOK GUPTA, Q>r Q>r ZQ>amOZ T T NATARAJAN, S>m° Or gwYmH$a amd DR G SUDHAKAR RAO, lr_Vr gm[a`m ImZ Mrs. SARIA KHAN, lh ds jaxukFku C K RANGANATHAN izks- ujsUnz dqekj vxzoky PROF. NARENDRA KUMAR AGRAWAL

ys[kk ijh{kd AUDITORS:


134

AZwgyMr 1- ny§OrSCHEDULE - 1 - CAPITAL

{ddaU Particulars 31.03.2009 H$moAs on 31.03.2009

31.03.2008 H$moAs on 31.03.2008

I n«m{YH¥$V ny±Or Authorised Capitaln«ËòH$ é. 10/- Ho$ 150,00,00,000 B©{¹$Q>r eoà fy, Equity Shares of Rs.10/- eachn«ËòH$ é. 100/- Ho$ 4,00,00,000 ñWm`r µJ¡a-g§M`r A{Y_mÝ` eoà4,00,00,000 Perpetual Non-Cumulative Preference Shares of Rs.100/- each

1500.00

400.00

1500.00

400.00

II Omar, A{^XËV Am¡a AXm {H$E JE Issued, Subscribed and Paid up: H$. Ho§$X«r` gaH$ma Ûmam aIo JE n«ËòH$ é.10/- Ho$ 34,38,20,000 B©{¹$Q>r eoàa) 34,38,20,000 Equity Shares of Rs.10-/ each held by Central GovernmentI OZVm Ûmam aIo JE n«ËòH$ é.10/- Ho$ 8,59,50,000 B©{¹$Q>r eoàb) 8,59,50,000 Equity Shares of Rs.10-/ each held by Public

343.82

85.95

343.82

85.95

Hw$b TOTAL 429.77 429.77

A{Y_mÝ` eoà Preference Shares:H|$X«r` gaH$ma Ûmam aIo JE n«ËòH$ é.100/- Ho$ 4,00,00,000 - 8 n«{VeV ( n«mdYm{ZH$ ) ñWm`r µJ¡a g§M`r A{Y_mÝ` eoà4,00,00,000 Perpetual Non-Cumulative Preference Shares of Rs.100/- each held by Central Government

400.00 400.00

Hw$b TOTAL 829.77 829.77

AZwgyMr 2- Ama{j{V`m§ Am¡a A{YeofSCHEDULE - 2 - RESERVES AND SURPLUS


31.03.2008 H$moAs on 31.03.2008

gm§{d{YH$ Ama{j{V`m§ Statutory Reservesny±OrJV Ama{j{V`m§ - nwZ_y©ë`m§H$Z Capital Reserves-Revaluationny±OrJV Ama{j{V`m§ - AÝ` Capital Reserve -Others eoà n«r{_`_ Share Premium {Zdoe [aµOd© Investment ReserveamOñd Am¡a AÝ` n«ma{jV {Z{Y`m± Revenue and other Reserves*Am`-H$a A{Y{Z`_ 36(1)(viii) Hoo$ A§VJ©V {deof [aµOd© Spl. Reserve u/s 36(1)(viii) of Income Tax Actbm^ Ed§ hm{Z ImVm Profi t & Loss account

1388.491255.61

30.55696.2011.09

2850.00

119.8382.61

1075.48215.23

6.43696.20

0.00

2278.39

65.8381.57

Hw$b TOTAL 6434.38 4419.13

AZwgyMr 2A-Aëng§»`H$ {hV SCHEDULE - 2A - MINORITY INTEREST


31.03.2008 H$moAs on 31.03.2008

_yb CÚ_ - AZwf§Jr H$m g§~§Y CX²^d hmoZo H$s VmarI na Aën g§»`H$ {hVMinority interest on the date on which the parent-subsidiary relationship came into existencenadVu d¥{Õ / KQ>md Subsequent increase/decrease

3.27

16.44

3.27

18.98

VwbZ nÌ H$s VmarI na Aën g§§»`H$ {hV Minority interest on the date of balance sheet 19.71 22.25

bZfDoVh in~/kfr ds rgr lg;ksfx;ksa esa bafM;u cSad ds fuos’k ewY; dks fuxfer djus ds fy,]geus nks lg;ksfx;ksa dh foRrh; foojf.k;ksa ij Hkh fopkj fd;k gS A*(includes valuation surplus of Rs.39.53 Crore of Associates(RRBs) for the period upto 31.03.2008 on account of incorporating the investment value of the Bank in RRBs under equity method).





135

AZwgyMr 3- O_mE§ SCHEDULE - 3 - DEPOSITS

{ddaU Particulars31.03.2009 H$mo

As on 31.03.200931.03.2008 H$mo

As on 31.03.2008

(A) I. _m§J O_mam{e`m§ A.I. Demand Deposits i. ~¢H$m| go From Banksii. AÝ`m| go From others

II. ~MV ~¢H$ O_mamqe`m± Savings Bank DepositsIII. gmd{Y O_mam{e`m§± Term Deposits

i. ~¢H$m| go From Banksii. AÝ`m| go From others

40.545249.96

17666.79

1059.9948495.21

30.894699.83

15010.59

936.3840307.65

Hw$b (I, II d III) Total (I, II & III) 72512.49 60985.34

(Am) I . ^maV _| emImAm| H$s O_mE§ B.I.Deposits of branches in India II. ^maV Ho$ ~mha emImAm| H$s O_mE§ Deposits of branches outside India

69589.432923.06

58844.542140.80

Hw$b (I d II) Total (I & II) 72512.49 60985.34

AZwgyMr 4- CYmaSCHEDULE -4 - BORROWINGS


31.03.2008 H$moAs on 31.03.2008

I. ^maV _| CYma Borrowings in India i. AÝ` ~¢H$ Other Banks ii. AÝ` g§ñWmE§ Am¡a A{^H$aU Other Institutions and Agencies

II. ^maV Ho$ ~mha CYma Borrowings outside India

0.00121.84408.94

0.00748.08535.16


D$na I Am¡a II _| em{_b n«{V^yV CYma Secured borrowings included in I & II above eyÝ` NIL eyÝ` NIL

AZwgyMr 5- AÝ` Xo`VmE§ Am¡a àmdYmZ SCHEDULE -5 - OTHER LIABILITIES AND PROVISIONS


31.03.2008 H$moAs on 31.03.2008

I. Xo` {~b Bills PayableII. A§Va H$m`m©b` g_m`moOZ ({Zdb) Inter-Offi ce adjustments(net)III. Cn{MV ã`mO Interest AccruedIV. AÝ` (n«mdYmZm| g{hV) Others(including provisions)

165.21733.58283.53

2732.53

257.25418.23247.90

2140.01

Hw$b Total 3914.85 3063.39

AZwgyMr 6- ^maVr` [aµOd© ~¢H$ _| ZH$X Am¡a eofSCHEDULE -6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA


31.03.2008 H$moAs on 31.03.2008

I. hmW _| ZH$Xr ({dXoer _wX«m ZmoQ>m| g{hV) Cash in hand (including foreign currency notes)II. ^maVr` [aµOd© ~¢H$ _| eof - Mmby ImVo _|

Balances with Reserve Bank of India - in Current Account

248.04

5963.55

189.51

6243.46






136

AZwgyMr 7-~¢H$m| _| eof Ed§ _m§J VWm Aën gyMZm na àmß` /kujkf’kSCHEDULE -7 - BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE


31.03.2008 H$moAs on 31.03.2008

I. ^maV _| In India(i) ~¢H$m| _| eof Balances with Banks

(H$) Mmby ImVm| _| (a) in Current Accounts (I) AÝ` O_m ImVm| _| b) in Other Deposit Accounts

(ii) _m§J na VWm Aën gyMZm na YZam{e Money at call and short notice (H$) ~¢H$m| _| (a) with Banks

59.68101.82

50.00

68.931.08

100.00

Hw$b (i d ii) Total (i & ii) 211.50 170.01

II. ^maV Ho$ ~mha Outside India (i) Mmby ImVo _| in Current Account (ii) AÝ` O_m ImVm| _| in Other Deposit Accounts (iii) _m±J ij rFkk Aën gyMZm na /ku am{e Money at call and short notice

143.46110.44

9.33

105.7556.288.27

Hw$b Total 263.23 170.30

Hw$b `moJ ( I d II ) Grand Total (I&II) 474.73 340.31

AZwgyMr 8- fuos’kSCHEDULE -8- INVESTMENTS


As on 31.03.200931.03.2008 H$mo

As on 31.03.2008

I. ^maV _| {Zdoe Investments in India ini. gaH$mar n«{V^y{V`m§ Government securities

ii. AÝ` AZw_mo{XV n«{V^y{V`m§ Other approved securities iii. eo`a Shares

iv. {S>~|Ma Am¡a ~m±S> Debentures and Bondsv. gh`moJr g§ñWmAm| _| {Zdoe Investment in Associates

vi. AÝ` Others (E;wpqvy Q.M ;wfuVksa] tek izek.k i= vkSj vk;y ckaM Mutual Fund Units, Cert. of Deposits and Oil Bonds)

18822.64350.82320.44

1830.3754.78

560.95

17468.13435.19445.79

1587.658.51

1167.95

Hw$b Total 21940.00 21113.22

II. ^maV Ho$ ~mha {ZåZ _| {Zdoe Investments outside India in i. gaH$mar n«{V^y{V`m§§ (ñWmZr` n«m{YH$m{Va`m| g{hV)

Government securities (including local authorities) ii. lg;ksxh laLFkkvksa esa fuos’k Investments in Associates iii. AÝ` {Zdoe Other investments H$ eo`a (a) Shares I F$U n«{V^y{V`m± (b) Debt Securities

632.670.00

0.88287.77

560.800.00

0.22268.54

Hw$b Total 921.32 829.56

Hw$b `moJ ( I + II) Grand Total (I&II) 22861.32 21942.78

III. ^maV _| {Zdoe Investments in India (i) {Zdoem| H$m gH$b _yë` Gross value of Investments

(ii) _yë`h«mg Ho$ {bE n«mdYmZm| H$m `moJ Aggregate of Provisions for Depreciation (iii) {Zdb {Zdoe Net Investment

22335.70395.70

21940.00

21343.79230.57

21113.22

IV. ^maV Ho$ ~mha {Zdoe Investments outside India (i) {Zdoem| H$m gH$b fuoy _yë` Gross/Net value of Investments 921.32 829.56

Hw$b Total 22861.32 21942.78




137

AZwgyMr 9- {ZdoeSCHEDULE -9- ADVANCES


31.03.2008 H$moAs on 31.03.2008

A. A. (i) H«$` {H$E JE Am¡a ^wZm`o JE {~b Bills Purchased and discounted (ii) amooH$S> CYma, Amdoa S´>mµâQ> Am¡a _m§J na Xo` CYma

Cash credits, overdrafts and loans repayable on demand (iii) gmd{Y CYma )Term Loans (iv) AÝ` Others

1282.95

18485.2531710.43

0.42

1240.09

13860.1924755.69

0.46

Hw$b (A) Total (A) 51479.05 39856.43

Am. B. (i) _yV© AmpñV`m| Ûmam n«{V^yV (Bg_| ~hr F$Um| na A{J«_ em{_b h¢)Secured by tangible assets(includes advances against book debts)

(ii) ~¢H$ / gaH$ma Jma§{Q>`m| Ûmam g§a{jV Covered by Bank / Government Guarantees (iii) An«{V^yV Unsecured

40966.914410.566101.58

31018.853007.055830.53

Hw$b (Am) Total (B) 51479.05 39856.43

B. C. I ^maV _| A{J«_ Advances in India (i) n«mW{_H$Vm joÌ Priority Sector

(ii) gmd©O{ZH$ joÌ Public Sector (iii) ~¢H$ Banks

(iv) AÝ` Others

18258.784933.51

0.0225336.60

14995.465355.71

0.0817493.52

Hw$b (B - I) Total (C-I) 48528.91 37844.77

(II). ^maV Ho$ ~mha A{J«_ Advances outside India(i) ~¢H$m| go Xo` Due from Banks(ii) AÝ`m| go Xo` Due from Others

(H$) H«o«$V Ed§ ~Q²>Q>mH¥$V {~b (a) Bills Purchased & discounted (I) gm_y{hH$ F$U (b) Syndicated Loans (J) AÝ` (c) Others

437.49

407.481353.48751.69

399.41

312.54797.93501.78

Hw$b (B - II ) Total (C-II) 2950.14 2011.66

Hw$b `moJ (B I + B II) Total (CI+CII) 51479.05 39856.43

AZwgyMr 10-AMb AmpñV`m§ SCHEDULE -10- FIXED ASSETS


31.03.2008 H$moAs on 31.03.2008

I. n[aga Premisesnyd©dVu VwbZ-nÌmZwgma bmJV /nwZ_©yë`m§H$Z na At cost/revaluation as per last Balance Sheetdf© Ho$ Xm¡amZ OmoS>/g_m`moOZ Additions / adjustments during the year df© Ho$ Xm¡amZ dVkSfr;ka Deductions during the yearCŠV VmarI VH$ ewY;gzkl Depreciation to date

427.021064.45

0.00137.15

426.080.940.00

116.04

{Zdb _yë` Net Value 1354.32 310.98

I H$. {Z_m©UmYrZ n[aga IA.Premises under Construction 4.57 5.42

II. AÝ` AMb AmpñV`m§ (µ\${Z©Ma / {µ\$ŠgMa g{hV) Other Fixed Assets(including furniture & fi xtures) fiNys rqyu&i=kuqlkj ymJV na At cost as per last Balance Sheetdf© Ho$ Xm¡amZ Omo‹S> Additions during the yeardf© Ho$ Xm¡amZ dVkSfr;ka Deductions during the yearCŠV VmarI VH$ ewY;gzkl Depreciation to date

633.58100.5020.10

471.77

549.9092.558.87

404.69

{Zdb _yë` Net Value 242.21 228.89

II (H$) nQ²>Q>mH¥$V AmpñV`m± IIA.Leased Assets fiNys rqyu&i=kuqlkj bmJV na At cost as per last Balance Sheet df© Ho$ Xm¡amZ Omo‹S> Additions during the yearizko/kkuksa lfgr gpå_{bV df© Ho$ Xm¡amZ dVkSfr;ka Deductions during the year including provisionsmDr rkjh[k rd ewY;gzkl Depreciation to date

38.890.00

22.7415.85

55.000.00

32.7318.02

{Zdb _yë` Net Value 0.30 4.25 Hw$b … (I , I(H$), II d II(H$)) Total (I,IA,II,&IIA) 1601.40 549.54



138

AZwgyMr 12- AmH$pñ_H$ Xo;VmE§SCHEDULE -12- CONTINGTENT LIABILITIES


31.03.2008 H$moAs on 31.03.2008

I. ~¢H$ Ho$ {déÕ Xmdo {OÝh| F$U Ho$ ê$n _| ñdrH$ma Zht {H$`m J`m h¡ Claims against the Bank not acknowledged as debts II. A§§eV… n«XËV {Zdoem| Ho$ {bE Xm{`Ëd Liability for partly paid InvestmentsIII. ~H$m`m dm`Xm {d{Z_` g§{dXmAm| Ho$ ~m~V Xm{`Ëd Liability on account of outstanding forward exchange contractsIV. g§KQ>H$m| H$s Amoa go Xr JB© Jma§{Q>`m§ Guarantees given on behalf of constituentsH$. ^maV _| (a)In IndiaI. ^maV Ho$ ~mha (b)Outside IndiaV. ñdrH¥${V`m§, n¥ð>m§H$Z Am¡a AÝ` Xm{`Ëd Acceptances, endorsements and other obligationsVI. AÝ` _X| {OZHo$ {bE ~¢H$ AmH$pñ_H$ ê$n go CËVaXm`r h¡ Other items for which the bank is contingently liable

163.040.08

9371.02

4419.8948.61

3251.43

185.03

170.580.08

6525.75

2891.7310.83

2862.69

291.73

Hw$b Total 17439.10 12753.39

AZwgyMr 13- A{O©V ã`mO SCHEDULE -13- INTEREST EARNED

{ddaU Particulars 31.03.2009 H$mo g_má df©Y E 31.03.2009

31.03.2008 H$mo g_má df©Y E 31.03.2008

I. A{J«_m| / {~bm| na ã`mO /~Q²>Q>m Interest/discount on advances/billsII. {Zdoem|| na Am` Income on Investments 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 other inter-bank funds

IV. AÝ` Others

5089.411687.44

56.220.09

3500.411666.52

45.170.14

Hw$b Total 6833.16 5212.24

AZwgyMr 11- AÝ` AmpñV`m§ SCHEDULE -11- OTHER ASSETS


As on 31.03.200931.03.2008 H$mo

As on 31.03.2008

I. Cn{MV ã`mO Interest accruedII. A{J«_ ê$n go n«XËV H$a / òmoV na H$mQ>m J`m H$a

Tax paid in advance/tax deducted at sourceIII. boIZ gm_J«r Ed§ ñQ>m§n Stationery and stamps IV. Xmdm| H$s g§Vw{ï> go n«má H$s J`r µJ¡a ~¢H$H$mar AmpñV`m± Non-banking assets acquired in satisfaction of claims V. AmñW{JV H$a AmpñV`m± Deferred Tax assetsVI. AÝ` Others

447.67

213.4313.03

0.24119.94819.58

441.59

134.6312.72

0.24309.56582.35

Hw$b Total 1613.89 1481.09





139

AZwgyMr 16- n[aMmbZ ì``SCHEDULE -16- OPERATING EXPENSES

{ddaU Particulars 31.03.2009 H$mo g_má df©Y E 31.03.2009

31.03.2008 H$mo g_má df©Y E 31.03.2008

I. H$_©©Mm[a`m| H$mo ^wJVmZ Am¡a CZHo$ {bE n«mdYmZPayments to and provisions for employees

II. {H$am`m, H$a Am¡a amoeZr Rent, taxes and lightingIII. _wX«U Am¡a boIZ gm_J«r Printing and stationeryIV. {dkmnZ Am¡a n«Mma Advertisement and publicityV. H$) nQ²>Q>mH¥$V AmpñV`m| go AÝ`m| na ~¢H$ H$s g§npËV na _yë`h«mg (a) Depreciation on Bank’s property other than Leased Assets I) nQ²>Q>mH¥$V AmpñV`m| na _yë`h«mg (b) Depreciation on Leased AssetsVI. {ZXoeH$m| H$s \$sg, ^ËVo Am¡a ì`` Directors’ fees, allowances and expensesVII. boIm narjH$m| H$s \$sg Am¡a ì`` (emIm boIm narjH$m| H$s \$sg Am¡a ì`` g{hV)

Auditors’ fees and expenses (including branch auditors’ fees and expenses)

VIII. {d{Y n«^ma Law chargesIX. S>mH$, Vma Am¡a Qo>br\$moZ Am{X Postage, telegrams, telephones, etc.X. _aå_V Am¡a AZwajU Repairs and maintenanceXI. ~r_m InsuranceXII. AÝ` ì`` Other expenditure

982.54100.2718.808.94

85.230.630.45

13.184.336.22

34.0162.95

104.95

969.3590.6317.3912.41

102.920.800.46

13.903.779.38

26.0652.46

107.56

Hww$b Total 1422.50 1407.09

AZwgyMr 15- ì`` {H$`m J`m ã`mO SCHEDULE -15- INTEREST EXPENDED

{ddaU Particulars31.03.2009 H$mo g_má df©

Y E 31.03.200931.03.2008 H$mo g_má df©

Y E 31.03.2008

I. O_mAm| na ã`mO Interest on depositsII. ^maVr` [aµOd© ~¢H$ / A§Va ~¢H$ CYmam| na ã`mO Interest on Reserve Bank of India/inter-bank borrowingsIII. AÝ` Others

4055.66

101.3259.06

2975.39

58.59120.94

Hw$b Total 4216.04 3154.92




AZwgyMr 14- AÝ` Am` SCHEDULE -14- OTHER INCOME

{ddaU Particulars31.03.2009 H$mo g_má df©

Y E 31.03.200931.03.2008 H$mo g_má df©

Y E 31.03.2008

I. H$_reZ, {d{Z_` Am¡a Xbmbr Commission , exchange and brokerage II. {Zdoem| Ho$ {dH«$` na bm^ ({Zdb) Profi t on sale of Investments(net)III. {Zdoem| Hoo$ nwZ_©yë`m§H$Z na bm^ ({Zdb)

Profi t on Revaluation of Investments (net)IV. ^y{_, ^dZ Am¡a AÝ` AmpñV`m| Ho$ {dH«$` na bm^({Zdb)

Profi t on sale of land, buildings and other assets(Net)V. {d{Z_` g§ì`dhmam| na bm^ ({Zdb) Profi t on exchange transactions(net)VI. H$) nQ²>Q>m-{dËV / {H$am`m IarX go Am` a) Lease fi nance / Hire Purchase income (I) {dXoe / ^maV _| H§§$n{Z`m| VWm / `m gh CÚ_m| go bm^m§e Am{X Ho$ µO[aE A{O©V Am` b) Income earned by way of dividends etc. from companies and/

or joint ventures abroad/ in India VII. {d{dY Am` Miscellaneous Income

232.24199.25

0.00

0.08105.17

0.30

12.36496.63

179.30221.07

0.00

-0.5299.97

1.15

4.81550.43

Hw$b Total 1046.03 1056.21

140

AZwgyMr-17g_o{H$V {dËVr` {dda{U`m| Ho$ {bE boIm {Q>ßn{U`m§ (2008-09)

lesfdr foRrh; foojf.k;ksa esa bafM;u cSad ¼ewy laLFkk½ vkSj mldh vuqfafx;ksa vkSj lg;ksfx;ksa ds ifj.kke lfEefyr gSa %1- AZwf§{J`ma

H«$_ g§. AZwf§Jr H$m Zm_ g§§ñWmnZm H$m Xoe ñdm{_Ëd H$m AZwnmV

1. B§S>~¢H$ _M}§Q> ~¢qH$J g{d©goO {b ^maV 64.84%

2. B§S>~¢H$ hmCqgJ {b ^maV 51.00%

3. B§S>µ\§$S> _¡ZoO_|Q> {b. ^maV 100.00%

2. gh`moJr

gh`mo{J`m| H$m Zm_ eoàYmaU T>m§Mm

i) n„dZ J«m_ ~¢H$ 35.%

ii) gá{J[a J«m_rU ~¢H$ 35.%

Iii) nwXwd¡ ^ma{V`ma J«m_ ~¢H$ ( 26.03.2008 H$mo ñWm{nV)* 35.%

*(bZfDoVh i)fr ds rgr ewy laLFkk }kjk lg;ksxh dh iwath ds fy, vfHknRr jkf’k ds ewY;kadu ds fy, fopkj ugh fd;k x;k D;ksaafd es;jizek.k&i= vHkh izkIr ugh gqvk gS vkSj ewy laLFkk dh cfg;ksa esa vU; vkfLr;ksa ds rgr vfHknRr jkf’k n’kkZbZ xbZ gSA½

3. ny§Or ^maV gaH$ma Ûmam aIr JB© _yb g§ñWm H$s nyU©V… H$_ H$s JB© B©{¹$Q>r eoà ny§Or H$m 20%, {H$E JE gmd©O{ZH$ {ZJ©_ Zm_V… 21 µ\$adar 2007 _|, Am~§Q>Z H$s {V{W

go VrZ dfm©| H$s bm°H$ BZ Ad{Y Ho$ AÚYrZ h¡&

4. boIm g_mYmZ Ed§ g_m`moOZ4-1 _yb g§ñWmH$- ewy laLFkk dh varj ek[kk ,oa varj cSad enksa dk ys[kk lek/kku 31-03-2009 rd iwjk fd;k tk pqdk gSA fofHkUu dkjxj mik;ksa ds }kjk ewy

laLFkk us cdk;k izfofîV;ksa ds fuiVku esa vkSj deh ykbZ gSA esf cdk;k izfofîV;ksa ds lek;kstu dk dk;Z izxfr ij gSAI- 31-03-2009 rd 6 eghuksa ls vf/kd ds fy, cdk;k varj ek[kk ys[kk esa vlek’kksf/kr izfofîV;ksa ds laca/k esa fuoy _.k fLFkfr dks /;ku esa

j[krs gq, fdlh Hkh izko/kku dh vko’;drk ugh gSAJ- ewy laLFkk ds laca/k esa] dqN ek[kkvksa esa vuqfxha cfg;ksa@jftLVjksa dk rqyu vkSj lkekU; cfg;ksa ds lkFk ys[kk lek/kku izxfr ij gSA izca/ku

dh jk; esa [kkrksa ij mi;qZDr fof;ksa dk ifj.kkeh izHkko cgqr T+;knk ugha gksxkA4-2 AZwf§Jr H$anZr baMcSad epsZaV cSafdax lfoZlst+ fy- % xzkgd ysunsuksa ds fy, ifjpkyu iz;kstuksa gsrq iz;qDr ,d cSad ys[kss dk ys[kk lek/kku izxfr ij gSA #-48-89 yk[k ds u igpkus x, ØsfMV ¼#-60-72 yk[k½ vkSj MsfcV ¼#-11-83 yk[k½ ysunsuksa ds feyku ls ;g izR;k’kk ugha dh tk ldrh gS fd og ykHk ,oa gkfu ys[kk ij

egRoiw.kZ izHkko MkysA

5. AMb AmpñV`m§5.1 _yb g§ñWm Ho$ n[aga _| 11.11 H$amo‹S> énò bmJV dmbr n[ag§n{V`m§ em{_b h¢ {OZH$m ~hr _yë` 8.43 H$amo‹S> énò h¢ (JV df© H«$_e… 11.11 H$amo‹S> Am¡a 8.56

H$amo‹S> énò), {OZHo$ {bE n§OrH$aU H$s Am¡nMm[aH$VmE§ n«J{V na h¢& 5.2 ofZ 2008&09 esa Hkkjr esa ewy laLFkk dh dqN vpy laifRr;ksa dk vuqeksfnr ewY;kaddksa }kjk mfpr ckt+kj ewY; ij iquewZY;u fd;k x;k rFkk

ifj.kkeLo:i 1057-76 djksM+ #i;s dh ewY; o`f) jkf’k dks ßiquewZY;u fjt+oZ [kkrsß esa tek fd;k x;kA iquewZY;u fd, x, va’k ij vfrfjDr17-37 djksM+ #i;s ds ewY;gzkl ¼xr ofZ 4-22 djksM+ #i;s½ dks ykHk o gkfu ys[kk esa izHkkfjr dj fn;k x;k rFkk mldh leewY; jkf’k dk vkgj.k ßiquewZY;u fjt+oZ [kkrsß ls dj fn;k x;k gSA

6. Hkkjrh; fjt+oZ cSad ekunaMkuqlkj ewy laLFkk vc rd vizR;kHkwr voekud vkfLr;ksa ds laca/k esa 20 izfr’kr vkSj voekud vfxzeksa ds laca/k esa 10 izfr’kr dk izko/kku dj jgh FkhA ewy laLFkk us orZeku ofZ ls lHkh voekud vfxzeksa ds laca/k esa 20 izfr’kr dk ,dleku izko/kku fd;k gSA uhfr esa mi;qZDr ifjorZu ds dkj.k #-10-08 djksM+ dk vfrfjDr izko/kku gqvk gSA


141

SCHEDULE 17Notes On Accounts to CONSOLIDATED FINANCIAL STATEMENTS (2008-09)

The Consolidated Financial Statements (CFS) comprise the results of Indian Bank (Parent), its Subsidiaries and Associates

1. SUBSIDIARIES:Sl. No. Name of the Subsidiary Country of Incorporation Proportion of Ownership

1. Indbank Merchant Banking Services Ltd. India 64.84%2. Indbank Housing Ltd. India 51.00%3. Indfund Management Ltd. India 100.00%

2. ASSOCIATES: Name of the Associates Shareholding pattern

(i) Pallavan Grama Bank 35%

(ii) Saptagiri Grameena Bank 35%

(iii) Puduvai Bharathiar Grama Bank (Estabilished on 26.03.2008)* 35%

(* not considered for valuation of the amount subscribed towards capital of the Associate by the parent under equity method since the share certifi cate is yet to be received and the amount subscribed is shown under other assets in the books of Parent)

3. CAPITAL 20% of the fully diluted post-issue Equity Share Capital of the Parent held by the Government of India is subject to a

lock-in period of three years from the date of allotment in the public issue namely 21st February 2007.

4. RECONCILIATION AND ADJUSTMENTS4. 1. PARENT:(a) Reconciliation of inter-branch and inter-bank items of Parent is completed upto 31.03.2009. The Parent through

various effective steps has achieved further reduction in the clearance of outstanding entries. Adjustment of the remaining outstanding entries is in progress.

(b) In view of net credit position in respect of unreconciled entries in the inter Branch Account outstanding for more than 6 months as on 31.03.2009, no provision is required.

(c) In respect of Parent, Balancing of subsidiary ledgers/registers and reconciliation with general ledgers are in progress at some branches. In the opinion of the management, consequential impact of the above on the accounts will not be signifi cant.

4.2 SUBSIDIARY COMPANY:INDBANK MERCHANT BANKING SERVICES LTD

The Bank Reconciliation of one bank account used for operating purpose of client transactions is in progress. The matching of entries of unidentifi ed credit (Rs.60.72 lakhs) and debit (Rs.11.83 lakhs) transactions of Rs.48.89 lakhs is not expected to throw any material impact on the profi t and loss account.

5. FIXED ASSETS5.1 Premises of the Parent include properties costing Rs. 11.11 crore, the book value of which is Rs.8.43 crore (previous

year Rs.11.11 crore and Rs.8.56 crore respectively), for which registration formalities are in progress.5.2 Certain immovable properties of the Parent in India were revalued during year 2008-09 at fair market value by approved

valuers and the resultant appreciation of Rs.1057.76 crore was credited to “Revaluation Reserve Account”. Additional Depreciation on the revalued portion amounting to Rs. 17.37 crore (previous year Rs.4.22 crore) has been charged to Profi t and Loss Account and an equivalent withdrawal is made from the “Revaluation Reserve Account”.

6. As per RBI norms the Parent was hitherto providing 20% in respect of unsecured Substandard Assets and 10% in respect of other Substandard Advances. The Parent has from the current year made uniform provision of 20% in respect of all substandard advances. The change in the above policy has resulted in additional provision of Rs.10.08 crore.

142

7. H$a hoVw n«mdYmZ7.1 _yb g§ñWm(H$) vk;dj vf/kfu;e 1961 dh /kkjk 115 tsch ds v/khu 151-06 djksM+ #i;s ¼xr ofZ 211-52 djksM+ #i;s½ dk vk;dj ds fy, izko/kku j[kk

x;k gS vkSj fQzat csfufQ+V dj ns;rk ds fy, 8-05 djksM+ #i;s ¼xr ofZ 10-00 djksM+ #i;s½ dk okilh izko/kku j[kk x;k gSA (I) 31-03-2009 dks fookfnr vk;dj ekax cdk;k esf 348-19 djksM+ #i;s ¼xr ofZ 237-73 djksM+ #i;s½ Fkk] ftlesa ls 254-56 djksM+ #i;s ¼xr

ofZ 205-40 djksM+ #i;s½ okilh vkns’kksa ds ,ot+ esa foHkkx }kjk vnk@lek;ksftr dj fn, x,A ,d gha rjg ds ekeyksa ij cSad ds i{k esafofHkUu U;kf;d mn~?kksf.kkvksa ij fopkj djrs gq, vkSj] iwoZ fu/kkZj.k ofksaZ ds fy, cSad }kjk nk;j dh xbZ vihyksa ds dkj.k tks fofHkUu vihyh; izkf/kdj.kksa ds le{k vfu.khZr gSa] fdUgha izko/kkuksa ij fopkj djuk vko’;d ugha le>k x;kA

7.2 AZwf§Jr H$n{Z`m§

7.2.1 B§S> ~¢H$ _M}§Q> ~¢qH$J g{d©goO {b.

vkxs ys tkbZ xbZ gkfu;ksa ¼vk; dj ds vuqlkj½ rFkk cgh gkfu;ksa ¼,e,Vh vfHkdyu ds vuqlkj½ dks /;ku esa j[krs gq, ofZ ds fy, dj izko/kku dh vko’;drk ugha gSA vihy esa fookfnr vk; dj ekax #-14-01 djksM+ ¼fiNys ofZ #-9-99 djksM+½ vkSj vihy esa fookfnr C;kt dj ekax #-0-61 djksM+ ¼fiNys ofZ #-04-7 djksM+½ gSA fof;ksa ij U;kf;d fu.kZ;ksa vkSj@;k fof/kd jk; dks /;ku esa j[krs gq, vk;dj ds fookfnr ekaxksa ds fy, dksbZ izko/kku ugh j[kk x;k gSA

7.2.2 B§S> ~¢H$ hmCqgJ {b.

vk; dj foHkkx us ewY;kadu ofZ 1999&00 gsrq C;kt lfgr #-4-32 djksM+ ds fy, ,d ekax lwpuk Hksth gSA ekax] chekafdd vk/kkj ij x+Sj&fuîiknd vkfLr;ksa ij vk; dks /;ku esa j[krs gqbZ dh xbZ gS ftUgsa ,u,pch funs’kkuqlkj vk; ugh ekuk tk ldrk gSA vuqîkaxh us ekax ds fo#) dkjZokbZ dh gS vkSj ekuuh; enzkl mPp U;k;ky; ds le{k vihy ntZ dh gS vkSj vk’kk djrh gS fd vihy esa lQ+yrk izkIr gksxh vkSj blfy, dj gsrq izko/kku dh vko’;drk ugh le>h xbZ gSA vk; dj foHkkx us lwfpr fd;k gS fd mi;qZDr ekax dks fofHkUu ewY;kadu oîkksZa ds fy, C;kt lfgr izkI; /ku&okilh ds fo#) lek;ksftr fd;k gSA vuqfaxh dh cfg;ksa ds vuqlkj izkI; /ku&okilh #-2-79 djksM+ gSA

8. ZH$Xr n«dmh {ddaU (EEg 3) df© 2008-09 Ho$ {bE ZH$Xr n«dmh {ddaU AbJ go AZw~Õ {H$`m J`m h¡&

9. H$_©Mmar bm^ (EEg 15)_yb g§ñWm

9.1 deZpkjh ykHk tSls isa’ku] xzsP;qfV] NqV~Vh HkqukbZ bR;kfn ds fy, 31-03-09 rd chekafdd ewY;kadu ds vk/kkj ij vkSj la’kksf/kr ,,l&15 ds vuqlkj izko/kku fd;k x;kA blds vfrfjDr ykHk gkfu ys[ks dks #-92 djksM+ dh jkf’k izHkkfjr dh xbZ tksfd Hkkjrh; lunh ys[kkdkj laLFkku}kjk vf/klwfpr deZpkjh ykHk ij la’kksf/kr ,,l&15 ds vuqlkj lqfuf’pr #- 460 djksM+ dh laØe.kdkyhu ns;rk dk 1@5 Hkkx gSA ckdh rhu oîkksZa esa ykHk gkfu ys[ks dks izHkkfjr dh tkusokyh] igpku u dh xbZ laØe.kdkyhu ns;rk dh jkf’k #-276 djksM+ gSA

AZwf§Jr H$n{Z`m§9.2.1 B§S> ~¢H$ _M}§Q> ~¢qH$J g{d©goO {b.

01-04-2007 ls vuqîkaxh daiuh us deZpkjh ykHkksa ij ,,l&15 ¼la’kksf/kr 2005½ dks viuk;k gSA rks Hkh dksbZ laØe.kdkyhu izHkko ugh gSA

ifjHkkfîkr va’knku ;kstuk

oîkZ ds fy, O;; ds :i esa igpkus x,] ifjHkkfîkr va’knku ;kstuk dks va’knku fuEukuqlkj gS %

fooj.k 2008-09 2007-08

Hkfo"; fuf/k dks fu;ksDrk dk va’knku 17.47 11.25

deZpkjh tek ls tqM+h chek ;kstuk gsrq ,yvkbZlh dks va’knku 0.21 0.15

(é. H$amo‹S>m| _|)


143

7. PROVISION FOR TAXATION7.1 PARENTa) Under Sec.115JB of the Income Tax Act, 1961, a provision of Rs.151.06 crore (previous year Rs.211.52 crore) has been

made towards Income Tax and a provision retrieval of Rs. 8.05 crore (as against provision of Rs.10.00 crore made during the previous year) has been made towards Fringe Benefi t Tax liability.

b) The disputed Income Tax demand outstanding as at 31 03 2009 amounts to Rs.348.19 crore (previous year Rs.237.73 crore), out of which Rs.254.56 crore (previous year Rs.205.40 crore) has been paid / adjusted by the Department against refund orders. Considering the various judicial pronouncements on similar issues in favour of the Bank and the Appeals fi led by the Bank for earlier Assessment Years pending before various appellate authorities, no provision is considered necessary.

7.2 SUBSIDIARY COMPANIES :7.2.1 IND BANK MERCHANT BANKING SERVICES LTD In view of carry forward losses (as per Income Tax) as well as book losses (as per MAT computation) no provision for

tax is required for the year. Income tax demand disputed in appeal Rs.14.01 crore (previous year Rs.9.99 crore) and the Interest tax demand disputed in appeal Rs.0.61 crore ( previous year Rs.0.47 crore). No provision is made for the disputed demands of Income Tax keeping in view the judicial pronouncements and/or legal opinion on the issues.

7.2.2 INDBANK HOUSING LTD. The Income Tax Department has sent a demand notice for Rs.4.32 crores for the assessment year 1999-00 including

interest. The demand is raised by considering the income on non-performing assets on accrual basis which, as per the NHB directives, could not be recognized as income. The subsidiary has contested the demand and fi led an appeal before the Hon’ble Madras High Court, and is hopeful of succeeding in the appeal and hence no provision for tax has been considered necessary. The Income Tax Department has informed the above demand has been adjusted against the refund receivable with the interest thereon, for various assessment years. The refund receivable as per books of the subsidiary is Rs.2.79 crores.

8. CASH FLOW STATEMENT (AS 3) The Cash Flow statement for the year 2008-09 is annexed separately.

9. EMPLOYEE BENEFITS (AS 15)PARENT

9.1 Provision has been made for employee benefi ts viz. pension, gratuity, leave encashment etc. as per the Actuarial valuation as on 31.03.09 and in accordance with the Revised AS – 15. In addition, a sum of Rs. 92 crore has been charged to Profi t & Loss Account being 1/5th of the transitional liability of Rs.460 crore ascertained in accordance with the Revised AS – 15 on Employee Benefi ts notifi ed by the Institute of Chartered Accountants of India. The amount of unrecognised transitional liability to be charged to Profi t & Loss Account in the remaining three years is Rs.276 crore

SUBSIDIARY COMPANIES :9.2.1 INDBANK MERCHANT BANKING SERVICES LTD.

The Subsidiary Company has adopted AS-15 (revised 2005) on employee benefi ts effective from 1.4.2007. However there is no transitional impact.

Defi ned Contribution Plan

Contribution to Defi ned Contribution Plan, recognized as expense for the year are as under: (Rs. in Lakhs)

Details 2008-09 2007-08

Employer’s contribution to Provident Fund 17.47 11.25

Employees Deposit Linked Insurance Scheme contribution to LIC 0.21 0.15

144

ifjHkkfîkr ykHk ;kstuk

I ifjHkkfîkr ykHk ck/;rk ds vFk’ksîk o bfr’ksîk dk ys[kk lek/kku (#- yk[kksa esa)

fooj.k xzsP;qfV¼fuf/kd½

NqV~Vh HkqukbZ¼x+Sj&fuf/kd½

2008-09 2007-08 2008-09 2007-08

o"kZ ds vkjaHk esa ifjHkkf"kr ykHk ck/;rk 26.81 22.26 17.80 15.15

orZeku lsok ykxr 3.82 2.41 3.33 1.44

C;kt ykxr 1.90 1.58 1.07 1.14

chekafdd ¼ykHk½@gkfu 2.57 3.03 5.05 0.08

iznRr ykHk 2.91 2.43 0.00 0.00

fuiVku ykxr - - 0.00 0.00

o"kZ ds var esa ifjHkkf"kr ykHk ck/;rk 32.23 26.84 27.25 17.80

II ;kstuk vkfLr;ksa ds vFk’ks’k o bfr’ksîk ds mfpr ewY; dk ys[kk lek/kku (#- yk[kksa esa)


2008-09 2007-08

o"kZ ds vkjaHk esa ;kstuk vkfLr;ksa dk mfpr ewY; 28.76 19.99

;kstuk vkfLr;ksa Ikj izR;kf’kr izfrQy 2.15 1.76

chekafdd ¼ykHk½@gkfu 0.36 0.16

iznRr ykHk 2.91 2.43

fuiVku ykxr - -

o"kZ ds var esa ;kstuk vkfLr;ksa dk mfpr ewY; 30.96 28.76

;kstuk vkfLr;ksa ij okLrfod izfrQy 2.51 1.92

III vkfLr;ksa o ck/;rkvksa ds mfpr ewY; dk ys[kk lek/kku (#- yk[kksa esa)



2008-09 2007-08 2008-09 2007-08

;kstuk vkfLr;ksa dk mfpr ewY; 30.96 28.76 27.25 17.80

ck/;rk dk orZeku ewY; 32.23 26.84 17.80 15.15

rqyu&i= esa vfHkKkr jkf'k 1.27 -1.92 9.45 2.55

IV oîkZ ds nkSjku vfHkKkr O;; (#- yk[kksa esa)



2008-09 2007-08 2008-09 2007-08

orZeku lsok ykxr 3.82 2.41 3.33 1.44

C;kt ykxr 1.90 1.58 1.07 1.14

;kstuk vkfLr;ksa ij izR;kf'kr izfrQy 2.15 1.76 - -

chekafdd ¼ykHk½@gkfu 2.21 2.86 5.05 0.08

fuoy ykxr 5.79 5.09 9.45 2.65


145

Defi ned Benefi t Plan

I Reconciliation of opening and closing balances of Defi ned benefi t obligation (Rs. in lakhs)

Details Gratuity (Funded)

Leave Encashment(Unfunded)

2008-09 2007-08 2008-09 2007-08Defi ned benefi t obligation at the beginning of the year 26.81 22.26 17.80 15.15

Current service cost 3.82 2.41 3.33 1.44

Interest cost 1.90 1.58 1.07 1.14

Actuarial (gain)/ loss 2.57 3.03 5.05 0.08

Benefi ts paid 2.91 2.43 0.00 0.00

Settlement cost - - 0.00 0.00

Defi ned benefi t obligation at the year end 32.23 26.84 27.25 17.80

II Reconciliation of opening and closing balances of fair value of plan assets (Rs. in lakhs)

Details Gratuity(Funded)

2008-09 2007-08

Fair value of plan assets at the beginning of the year 28.76 19.99

Expected return on plan assets 2.15 1.76

Actuarial (gain)/ loss 0.36 0.16

Benefi ts paid 2.91 2.43

Settlement cost - -

Fair value of plan assets at year end 30.96 28.76

Actual return on plan assets 2.51 1.92

III Reconciliation of fair value of assets and obligations (Rs. in lakhs)



2008-09 2007-08 2008-09 2007-08

Fair value of plan assets 30.96 28.76 27.25 17.80

Present value of obligation 32.23 26.84 17.80 15.15

Amount recognized in Balance Sheet 1.27 -1.92 9.45 2.55

IV Expense recognized during the year (Rs. in lakhs)



2008-09 2007-08 2008-09 2007-08Current Service Cost 3.82 2.41 3.33 1.44

Interest Cost 1.90 1.58 1.07 1.14

Expected return on plan assets 2.15 1.76 - -

Actuarial (gain)/ loss 2.21 2.86 5.05 0.08

Net Cost 5.79 5.09 9.45 2.65

146

V chekafdd iwokZuqeku



2008-09 2007-08 2008-09 2007-08

ekVkZfyfV Vscy ¼,yvkbZlh½ 1994-96¼vafre½

1994-96¼vafre½

1994-96¼vafre½

1994-96¼vafre½

cV~Vk nj ¼izfr o"kZ ½ 8% 7.50% 6% 7.50%

izR;kf{kr izfrQy nj ¼izfr o"kZ ½ 8% 8% -- --

osru o`f) nj ¼izfr o"kZ ½ 6% 3.50% 5% 4%

vV~fj'ku nj 1% go 3% 1% go 3% 1% go 3% 1% go 3%

chekafdd ewY;kadu esa fopkj fd, x, osru esa o`f) ds vuqeku esa eqnzkLQ+hfr] ofjîBrk] inksUufr ,oa jkst+xkj ckt+kj esa vkiwfrZ o ekax lfgr vU; lacaf/kr la?kVdksa dks /;ku esa fy;k tkrk gSA izfrQy dh izR;kf’kr nj dk fu/kkZj.k dbZ iz;ksT; la?kVdksa ij fopkj djds fd;k tkrk gS] izeq[r% /kkfjr ;kstuk vkfLr;ksa dk la?kVu] ewY;kafdr tksf[keksa] ;kstuk vkfLr;ksa ds izfrQy ds ,sfrgkfld ifj.kke vkSj ;kstuk vkfLr izca/ku ds fy, daiuh dh uhfrA ewy laLFkk ls izfrfu;qDr LVkQ+ ds laca/k esa lsokfuo`fRr ykHk ns;rk ewy laLFkk }kjk ogu dh tkrh gSA

;g vuqeku gS fd oîkZ 2009&10 esa daiuh minku ns;rk ds izfr ikap yk[k #i;s dk va’knku djsxhA

9.3. B§S>~¢H$ hmCqgJ {b{_Qo>S>-

9.3.1 AZwf§Jr H§$nZr Zo 01.04.2007 go H$_©Mmar bm^ na EEg 15 (g§emo{YV 2005) AnZm {b`m h¡& VWm{n, H$moB© g§H«$_UH$mbrZ n«^md Zht h¡&

9.3.2 J«oÀ`w{Q> {Z{Y (n[a^m{fV bm^ `moOZm) H$s Amoa AZwf§Jr ~mÜ`Vm Ed§ ~r_m§{H$H$ _yë`m§H$Z H$m {ddaU {ZåZdV h¡ …

(é bmI _|)i) Hw$b {dJV godm J«oÀ`w{Q> 7.27ii) ~r_m§{H$H$ _yë` {dJV godm J«oÀ`w{Q> 7.27iii) EbAmB©gr Ho$ nmg {Z{Y 6.81iv) EbAmB©gr H$mo Xo` A§eXmZ 0.46v) df© Ho$ Xm¡amZ n«XËV A§eXmZ 0.46vi) eof Xo` ‘ewU;

vii) Omo{I_ n«r{_`_ Ed§ iznRr godm H$a 0.03viii) nydm©Zw_mZ ~Q²>Q>m Xa dooVZ d¥{Õ H$m AZw_mZ

8.00 n«{VeV n«{Vdf© MH«$d¥{Õ8.00 n«{VeV n«{Vdf© MH«$d¥{Õ

J«oÀ`w{Q> Ho$ {bE ~mÜ`VmAm| H$m {ZYr`Z df© g_m{á go nyd© ~r_m§{H$H$ _yë`m§H$Z Ho$ AmYma na nyU©V”… {H$`m OmVm h¡& AV… df© Ho$ Ama§^ _| Ed§ A§V XmoZm| _| H$moB© ~H$m`m Zhr h¡&

10 I§S> [anmoqQ©>J (EEg 17) boIm n«Umbr _mZH$m| na ^maVr` [aOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma _yb g§ñWm Ho$ n[aMmbZm| H$mo n«mW{_H$ IÊS> `Wm … H$mamo~ma IÊS> {Og_|o ‘’amOH$mof’’,

‘’ H$mnm©oaoQ>/WmoH$ ~¢qH$J’’, ’’[kqnjk cSafdax’’ Ed§ ‘’AÝ` ~¢qH$J n[aMmbZ’’ VWm {ÛVr` IÊS> Omo{H$ ^m¡Jmo{bH$ IÊS> h¡ {Og_| ‘’Xoer’’ Ed§ ‘’A§Vam©ï´>r`’’, Ho$ ê$n _| dJuH¥$V {H$`m h¡ & AZwf§{J`m| Ho$ n[aMmbZm| H$mo H$mamo~ma IÊS> _| ‘’AÝ` ~¢qH$J n[aMmbZ’’ VWm ^m¡Jmo{bH$ IÊS> _| ‘’Xoer’’ Ho$ VhV dJuH¥$V {H$`m h¡&


147

V Actuarial assumptions



2008-09 2007-08 2008-09 2007-08

Mortality Table (LIC) 1994-96(Ultimate)

1994-96(Ultimate)

1994-96(Ultimate)

1994-96(Ultimate)

Discount rate (per annum) 8% 7.50% 6% 7.50%

Expected rate of return (per annum) 8% 8% -- --

Rate of escalation of salary (per annum) 6% 3.50% 5% 4%

Attrition Rate 1% to 3% 1% to 3% 1% to 3% 1% to 3%

The estimates of rate of escalation in salary considered in actuarial valuation, take into account infl ation, seniority, promotion and other relevant factors including supply and demand in the employment market. The expected rate of return is determined considering several applicable factors, mainly the composition of plan assets held, assessed risks, historical results of return on plan assets and the company’s policy for plan assets management. The retirement benefi t liability in respect of staff on deputation from Parent is borne by the Parent.

The company is expected to contribute Rupees fi ve lakhs (approximately) towards Gratuity liability in the year 2009-10.

9.3 INDBANK HOUSING LTD. 9.3.1 The Subsidiary Company has adopted AS-15 (revised 2005) on employee benefi ts effective from 1.4.2007. However

there is no transitional impact. 9.3.2 Subsidiary’s obligation towards Gratuity fund (Defi ned Benefi t Plan) and details of actuarial valuation are as below:

(Rs. in Lakhs)i) Total past service gratuity 7.27ii) Actuarial value past service gratuity 7.27iii) Fund available with LIC 6.81iv) Contribution Payable to LIC 0.46

Contribution paid during the year v) 0.46Balance payablevi) Nil

vii) Risk premium and service tax paid 0.03viii) Assumptions-

Discounting rate Projection of salary increase

8.00% p.a. Compound8.00 % p.a. Compound

The obligations towards gratuity are fully funded before the year-end based on the actuarial valuation. Hence there is

no outstanding liability both at the beginning and at the end of the year.

10. SEGMENT REPORTING (AS 17) As per the Reserve Bank of India guidelines on Accounting Standards, the Parent’s operations are classifi ed into

Primary segment i.e. the business segment comprising of ‘Treasury’, ‘Corporate / Wholesale Banking’, ‘Retail Banking’ and ‘Other Banking Operations’ and Secondary segment being the geographical segment comprising of ‘Domestic’ and ‘International’. The operations of the Subsidiaries are classifi ed under ‘Other banking Operations’ in Business segment and under ‘Domestic’ in Geographic segment.

148

^mJ A … H$mamo~ma IÊS> (é. H$amo‹S> _|)

fooj.k ewy laLFkk lesfdr

dks lekIr frekgh dks lekIr oîkZ dks lekIr oîkZ

31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08

Hkkx & , dkjksckj [k.M

1- [k.Mh; jktLo

¼,½ jktdks"kh; ifjpkyu 537.70 437.26 1949.29 1893.20 1949.29 1893.20

¼ch½ dkiksZjsV cSafdax 670.97 580.72 2435.98 2029.81 2435.98 2029.81

¼lh½ [kqnjk cSafdax 817.77 585.32 3063.72 2047.55 3063.72 2047.55

¼Mh½ vU; cSafdax ifjpkyu 122.04 69.55 416.78 248.11 436.93 297.89

dqy 2148.48 1672.85 7865.77 6218.67 7885.92 6268.45

?kVk,a % varj [k.Mh; jktLo 0.00 0.00 0.00 0.00 0.00 0.00

fuoy fcØh @ ifjpkyuksa ls vk; 2148.48 1672.85 7865.77 6218.67 7885.92 6268.45

2- [k.Mh; ifj.kke ¼ykHk½

¼,½ jktdksîkh; ifjpkyu 73.08 38.79 262.42 312.59 262.42 312.59


¼lh½ [kqnjk cSafdax 316.78 216.84 1210.16 584.00 1210.16 584.00


dqy 635.72 522.96 2228.83 1659.30 2247.38 1706.44

?kVk,a % ¼1½ C;kt 0.00 0.00 0.00 0.00 0.00 0.00

¼2½ vU; xSj&vkcaVuh; O;; 24.32 178.20 443.24 424.32 445.54 421.95

¼3½ xSj&vkcaVuh; vk; 0.00 0.00 0.00 0.00 0.00 0.00

dj ds iwoZ dqy ykHk 611.40 344.76 1785.59 1234.98 1801.84 1284.49

vk;dj 217.32 103.09 540.27 226.24 549.23 234.73

dj ds ckn fuoy ykHk 394.08 241.67 1245.32 1008.74 1252.61 1049.76

3- [k.Mh; vkfLr;ka

¼,½ jktdksîkh; ifjpkyu 29484.39 28687.87 29484.39 28687.87 29484.39 28687.87


¼lh½ [kqnjk cSafdax 25113.12 20158.59 25113.12 20158.59 25113.12 20158.59


dqy 84121.74 70507.69 84121.74 70507.69 84241.98 70603.12

xSj&vkcaVuh; vkfLr;ka 0.00 0.00 0.00 0.00 0.00 0.00

dqy vkfLr;ka 84121.74 70507.69 84121.74 70507.69 84241.98 70603.12

4- [k.M ns;rk,a

¼,½ jktdks"kh; ifjpkyu 26983.27 26588.19 26983.27 26588.19 26983.27 26588.19


¼lh½ [kqnjk cSafdax 22982.81 18683.17 22982.81 18683.17 22982.81 18683.17


dqy 76985.83 65347.19 76985.83 65347.19 76958.12 65331.97

xSj&vkcaVuh; ns;rk,a 7135.91 5160.50 7135.91 5160.50 7283.86 5271.15

dqy ns;rk,a 84121.74 70507.69 84121.74 70507.69 84241.98 70603.12


149

Part A: Business Segments (Rs.in crore)

Particulars PARENT CONSOLIDATED

Quarter ended Year ended Year ended

31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08

Part A. Business Segments

I. Segment Revenue

(a) Treasury Operations 537.70 437.26 1949.29 1893.20 1949.29 1893.20

(b) Corporate Banking 670.97 580.72 2435.98 2029.81 2435.98 2029.81

(c) Retail Banking 817.77 585.32 3063.72 2047.55 3063.72 2047.55

(d) Other Banking Operations 122.04 69.55 416.78 248.11 436.93 297.89

Total 2148.48 1672.85 7865.77 6218.67 7885.92 6268.45

Less: Inter Segment Revenue 0.00 0.00 0.00 0.00 0.00 0.00

Net Sales/Income from operations 2148.48 1672.85 7865.77 6218.67 7885.92 6268.45

2. Segment Results (Profi t)



(c) Retail Banking 316.78 216.84 1210.16 584.00 1210.16 584.00


Total 635.72 522.96 2228.83 1659.30 2247.38 1706.44

Less: (I) Interest 0.00 0.00 0.00 0.00 0.00 0.00

(ii) Other Un-allocable Expenditure 24.32 178.20 443.24 424.32 445.54 421.95

(iii) Un-allocable income 0.00 0.00 0.00 0.00 0.00 0.00

Total Profi t Before Tax 611.40 344.76 1785.59 1234.98 1801.84 1284.49

Income Tax 217.32 103.09 540.27 226.24 549.23 234.73

Net Profi t after Tax 394.08 241.67 1245.32 1008.74 1252.61 1049.76

3. Segment assets



(c) Retail Banking 25113.12 20158.59 25113.12 20158.59 25113.12 20158.59


Total 84121.74 70507.69 84121.74 70507.69 84241.98 70603.12

Unallocated assets 0.00 0.00 0.00 0.00 0.00 0.00

Total Assets 84121.74 70507.69 84121.74 70507.69 84241.98 70603.12

4. Segment liabilities



(c) Retail Banking 22982.81 18683.17 22982.81 18683.17 22982.81 18683.17


Total 76985.83 65347.19 76985.83 65347.19 76958.12 65331.97

Unallocated liabilities 7135.91 5160.50 7135.91 5160.50 7283.86 5271.15

Total liabilities 84121.74 70507.69 84121.74 70507.69 84241.98 70603.12

150

fooj.k ewy laLFkk lesfdr

dks lekIr frekgh dks lekIr oîkZ dks lekIr oîkZ

31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08

Hkkx & ch HkkSxksfyd [k.M

I jktLo

¼d½ ns’kh; ifjpkyu 2093.59 1638.47 7665.87 6072.30 7686.02 6122.08

¼[k½ fons’kh ifjpkyu 54.89 34.38 199.90 146.37 199.90 146.37

dqy 2148.48 1672.85 7865.77 6218.67 7885.92 6268.45

I I vkfLr;ka

¼d½ ns’kh; ifjpkyu 80136.45 67571.27 80136.45 67571.27 80256.69 67666.70

¼[k½ fons’kh ifjpkyu 3985.29 2936.42 3985.29 2936.42 3985.29 2936.42

dqy 84121.74 70507.69 84121.74 70507.69 84241.98 70603.12

uksV % [kaMh; O;;ksa dk vkoaVu [kaMh; vfrL;ksa ds vk/kkj ij fd;k tkrk gSA

11. g§~§{YV nmQ>u n«H$Q>rH$aU (EEg 18)

11.1 _yb g§ñWm

_w»` n«~§YH$s` H$m{_©H$

Jh ,e ,l lqUnj jktu] v/;{k ,oa izca/k funs'kd ¼01-04-08 ls 31-03-09½

Jh , lqczef.k;u] dk;Zikyd funs'kd ¼01-04-08 ls 31-03-09½

Jh vuwi 'kadj HkV~Vkpk;Z] dk;Zikyd funs'kd ¼15-10-08 ls 31-03-09½

g§~§{YV nmQ>u boZXoZ {ZåZ{b{IV h¡ …

H$. n«_wI n«~§YH$s` H$m{_©H$ H$mo df© Ho$ Xm¡amZ én`o 33.41 bmI ( {nN>bm df© én`o 27.10 bmI) nm[al{_H$ H$m ^wJVmZ {H$`m J`m …

11.2 AZwf§Jr H§$nZr

B§S>~¢H$ _M|©Q> ~¢qH$J g{d©goO {b.

_w»` n«~§YH$s` H$m{_©H$ …

Jh ,l v..kknqjS & v/;{k ,oa iw.kZdkyhu funs’kd ¼01-04-08 ls 21-10-08½

Jh ih ,u iVsy & v/;{k ,oa iw.kZdkyhu funs’kd ¼21-10-08 ls 31-03-09½

g§~§{YV nmQ>r© boZXoZ {ZåZ{b{IV h¡ …

_w»` n«~§YH$s` H$m{_©H$ H$mo df© Ho$ Xm¡amZ é.5.59 bmI (JV df© é.5.71 bmI) Ho$ nm[al{_H$ H$m ^wJVmZ {H$`m J`m &

B§S>~¢H$ hmCqgJ {b.

_w»` n«~§YH$s` H$m{_©H$ …

Jh ,l v..kknqjS & izca/k funs’kd ¼01-04-08 ls 21-10-08½

Jh ih ,u iVsy & izca/k funs’kd ¼21-10-08 ls 31-03-09½

g§~§{YV nmQ>r© boZXoZ {ZåZ{b{IV h¡ …

_w»` n«~§YH$s` H$m{_©H$ H$mo df© Ho$ Xm¡amZ - eyÝ` (JV df© eyÝ`) Ho$ nm[al{_H$ H$m ^wJVmZ {H$`m J`m &

baMQaM eSustesaV fy-

eq[; izca/kdh; dkfeZd %

Jh ,e lofjeqRrq & izca/k funs’kd

lacaf/kr ikVhZ ysunsu fuEufyf[kr gS %

eq[; izca/kdh; dkfeZd dks oîkZ ds nkSjku #-2-40 yk[k ¼xr oîkZ #-2-40 yk[k½ ds ikfjJfed dk Hkqxrku fd;k x;k A


151

Particulars PARENT CONSOLIDATED

Quarter ended Year ended Year ended

31.03.09 31.03.08 31.03.09 31.03.08 31.03.09 31.03.08

Part B. Geographic Segments

I. Revenue

a) Domestic Operations 2093.59 1638.47 7665.87 6072.30 7686.02 6122.08

b) Foreign Operations 54.89 34.38 199.90 146.37 199.90 146.37

Total 2148.48 1672.85 7865.77 6218.67 7885.92 6268.45

II. Assets

a) Domestic Operations 80136.45 67571.27 80136.45 67571.27 80256.69 67666.70

b) Foreign Operations 3985.29 2936.42 3985.29 2936.42 3985.29 2936.42

Total 84121.74 70507.69 84121.74 70507.69 84241.98 70603.12

Note: Allocation of segmental expenses is done based on the segmental assets.

11. RELATED PARTY DISCLOSURES (AS 18)

11.1 PARENT

Key Managerial Personnel:

Shri. M S Sundara Rajan, CMD (01.04.08 to 31.03.09)

Shri. A Subramanian, ED (01.04.08 to 31.03.09)Shri. Anup Sankar Bhattacharya, ED (15.10.08 to 31.03.09)

Related Party transactions are as under :

Remuneration paid to Key Managerial Personnel - Rs. 33.41 lakhs (Previous year Rs. 27.10 lakhs)

11.2 SUBSIDIARY COMPANY : INDBANK MERCHANT BANKING SERVICES LTD. Key Managerial Personnel: Shri. S Annadurai - President & Whole Time Director (01.04.08 to 21.10.08) Shri. P N Patel – President & Whole Time Director (21.10.08 to 31.03.09 ) Related Party transactions are as under : Remuneration paid to Key Managerial Personnel - Rs.5.59 lakhs (Previous year Rs.5.71 lakhs) INDBANK HOUSING LTD. Key Managerial Personnel: Shri. S Annadurai – Managing Director (01.04.08 to 21.10.08) Shri. P N Patel - Managing Director (21.10.08 to 31.03.09) Related Party transactions are as under : Remuneration paid to Key Managerial Personnel - Nil (Previous year Nil)

INDFUND MANAGEMENT LTD. Key Managerial Personnel: Mr. M Savarimuthu - Managing Director Related Party transactions are as under : Remuneration paid to Key Managerial Personnel - Rs.2.40 lakhs (Previous year Rs. 2.40 lakhs)

152

11.3 AÝ` g§~§{YV nm{Q©>`m± jkT; gaH$ma {Z`§{ÌV CÚ_ h¢ Am¡a Bg H$maU EEg-18 Ho$ n¡amJ«mµ\$ 9 Ho$ AZwgma H$moB© n«H$Q>rH$aU Ano{jV Zht h¡& AmJo, EEg-18 Ho$ n¡amJ«mµ\$

5 Ho$ AZwgma ~¢H$a, J«mhH$ g§~§Y Ho$ ñdê$n Ho$ boZXoZm| H$mo n«H$Q> H$aZm Ano{jV Zht h¢&

12- iV~Vs ¼,,l 19½12-1- ewy laLFkk

iV~Vs @ fdjk;k vk/kkj ij yh xbZ laifRr;ka ewy laLFkk ds fodYi ij uohdj.kh; ;ksX; @ jn~~n djus ;ksX; gSA vfrfjDr fdjk;k @iV~Vk fdjk;k ls lacaf/kr fooknksa ds laca/k esa ewy laLFkk dh ns;rkvksa dk vfHkKku [email protected] ij fd;k tkrk gSA

12-2- vuqîkaxh daiuh

baMcSad epsaZV cSafdax lfoZlst fy-

bl vuqîkaxh ds ikl dk;kZy; ifjlj ds fy, ifjpkyuxr iV~Vs gSA oîkZ ds var esa xSj&jn~~n djus ;ksX; ifjpkyu iV~Vksa ds rgr

visf{kr Hkkoh U;wure Hkqxrku fuEu izdkj gSA ¼é bmIk| _|½

H$mo 31.03.2009 H$mo 31.03.2008

o"kZ ds fy, iV~Vk Hkqxrku 52.71 28.43

U;wure iV~Vk Hkqxrku ,d lky ls vf/kd ughas 67.14 23.30

,d lky ds ckn ijarq ikap lky ls de 205.48 62.24

ikap lky ds ckn 17.39 1.62

iV~Vk djkjksa esa xSj jn~~n djus ;ksX; vof/k ds ckn iV~Vk vof/k dk uohdj.k djus ds fy, daiuh dks fodYi dk izko/kku gSA iV~Vkdjkjksa esa dksbZ vkiokfnd @ izfrca/kkRed ’krZ ugha gSA

13- vk; ij djksa ds fy, ys[kkadu ¼,,l 22½13-1- ewy laLFkk

13-1-1 MhVh,¼vkLFkfxr dj vkfLr;ka¡½ @ MhVh,y¼vkLFkfxr dj ns;rka¡½ fuEuizdkj gS%

S>rQ>rE/S>rQ>rEb g§KQ>H$

g§KQ>H$ 31.03.2009 31.03.2008

AmñW{JV H$a AmpñV`m±

1. AJ«mZrV hm{Z* 0.00 521.86

2. ^wJVmZ/{H«$ñQ>mbmBµOoeZ na AZw_V Xo`Vm n«mdYmZ 104.09 69.35

3. ^mdr {ZYm©aU _| AZw_V ì`` 3.14 5.49

4. ñQ>mµ\$ H$ë`mU ì`` 1.69 0.84

Hw$b S>rQ>rE 108.92 597.54

AmñW{JV H$a Xo`VmE§

1. ñWm`r Am{ñV`m± na _yë`h«mg 39.57 57.78

2. gaH$mar n«{V^y{V`m| na ã`mO 143.87 154.65

3. cV~Vs [kkrs esa Mkys x, [kkrksa ds {bE n«mdYmZ 169.49 134.72

Hw$b-S>rQ>rEb 352.93 347.15

{Zdb S>rQ>rE/ S>rQ>rEb (244.01) 250.39

* nk;j dh xbZ vk; foojf.k;ksa dks /;ku esa ysrs gq, vkSj dqN vuqdwy U;kf;d fu.kZ;ksa ij fo’okl djrs gq,A

(#-djksM+ksa esa)


153

11.3 Other related parties are State controlled Enterprises and hence no disclosures are required as per paragraph 9 of AS-18. Further, in terms of paragraph 5 of AS-18, transactions in the nature of banker-customer relationship are not required to be disclosed.

12. Leases (AS 19)

12.1 PARENT

The properties taken on lease/ rental basis are renewable/ cancelable at the option of the Parent. The Parent’s liabilities in respect of disputes pertaining to additional rent/ lease rent are recognized on settlement or on renewal.

12.2 SUBSIDIARY COMPANY:

INDBANK MERCHANT BANKING SERVICES LTD

The subsidiary has operating leases for offi ce premises. The future minimum payments required under non-cancelable operating leases at year-end are as follows:

( Rs. in lakhs )

As on 31.03.2009

As on 31.03.2008

Lease payments for the year 52.71 28.43

Minimum Lease payments: Not later than one year 67.14 23.30

Later than one year but not later than fi ve years 205.48 62.24

Later than fi ve years 17.39 1.62

The lease agreements provide for option to the company to renew the lease period after the non-cancelable period. There are no exceptional/restrictive covenants in the lease agreements.

13. ACCOUNTING FOR TAXES ON INCOME (AS 22)

13.1 PARENT

13.1.1 The major components of DTA (Deferred Tax Assets) / DTL (Deferred Tax Liabilities) are as follows:

DTA / DTL components (Rs. in Crore)

Components 31.03.2009 31.03.2008

Deferred Tax Assets1. Brought forward losses* 0.00 521.86

2. Liabilities provision allowable on payment / crystallization 104.09 69.35

3. Expenditure allowable in future assessments 3.14 5.49

4. Staff welfare expenses 1.69 0.84

TOTAL- DTA 108.92 597.54

Deferred Tax Liabilities1. Depreciation on Fixed Assets 39.57 57.78

2. Interest on Government securities 143.87 154.65

3. Provision for Written-off Accounts 169.49 134.72

TOTAL – DTL 352.93 347.15

NET DTA/ DTL (244.01) 250.39

*having regard to returns of income fi led and relying on certain favourable judicial pronouncements.

154

13.1.2 Ý`yZV_ d¡H$pënH$ H$a (E_EQ>r) H«o${S>Q>

df© ds nkSjku ewy laLFkk us vk; dj vf/kfu;e 1961 ds vuqlkj U;wure oSdfYid dj¼,e,Vh½ ds vuqlj.k esa vk; dj ds fy, izko/kku fd;k gS] tks mRrjorhZ dfksZa esa mldk lek;kstu djrs gq, dj ØsfMV ds :i esa miyC/k gSA vkbZlh,vkbZ }kjk tkjh **vk;dj vf/kfu;e 1961 ds rgr ,e,Vh ds laca/k esa miyC/k ØsfMV** tksfd pkyw df© ds fy, # 151-06 djksM gS] ykHk o gkfu ys[ks esa *izko/kku vkSj vkdfLedrk,¡* ds rgr ,e,Vh ØsfMV gd ys[ks esa ØsfMV fd;k x;k gSA

13.2 AmZwf§Jr H§$n{Z`m§

13.2.1. B§S>~¢H$ _M|©Q> ~¢qH$J g{d©goµO {b{_Qo>S>

baM cSad epZsaV cSafdax lfoZlst+ fyfeVsM ds laca/k esa df©Z ds fy, #-6-34 ¼fiNys df©Z #0-01 djksM½ dh fuoy vkLFkfxr dj ¼fuoy½ dks ykHk o gkfu [kkrs dks izHkkfjr fd;k x;k gSA 31-03-2009 rd lafpr vkLFkfxr dj ifjlaifRr ¼fuoy½ #-11-02 djksM+ ¼fiNys df©Z #-17-36 djksM½ gSA lR;kHkklh rF;rk dh vis{kk ij fopkj djrs gq, vxzkuhr ewY;gªkl ij fdlh Hkh MhVh, dk vfHkKku ugha fd;k x;k gSA vkLFkfxr dj ifjlaifRr@ ns;rk ds eq[; la?kVd fuEu izdkj gSaA

AmñW{JV H$a (én`o yk[kksa _|)

31.03.2009 H$mo 31.03.2008 H$mo

AmpñV Xo`VmE§ AmpñV Xo`VmE§

(i) ewY; gkflr vfLr;ksa esa le; dk varj 535.24 707.94

(ii) AZdfmo{fV _yë`h«mg 0.00 1873.70

(iii) AemoÜ` F$Um| d EZnrE Ho$ {bE n«mdYmZ 1620.99 564.76

(iv) AÝ` 16.54 5.50

dqy 1102.29 1736.02

13-2-2- baMQaM eSustesaV fy-

vkLFkfxr dj ns;rk ¼fuoy½

vkLFkfxr dj vkfLr;ksa @ ns;rkvksa ds vyx vyx vkadMs fuEuizdkj gSa (én`o yk[kksa _|)

As at March 2009

As at March 2008

vkLFkfxr dj ns;rk “dj cgh ,oa foRRkh; cgh” ds vuqlkj vpy vfLr;ksa ds Cykd esa ewY;gkl ds varj ds dkj.k le; varj

0.24 ewU;

ldy vkLFkfxr dj ns;rk,a ¼,½ 0.24 ewU;

vkLFkfxr dj vkfLr;ksa ¼ch½ ewU; ewU;

vkLFkfxr dj ns;rk,a ¼fuoy½ ¼, & ch½ 0.24 ewU;

14. EEg 24 Ho$ A§VJ©V n«H$Q>rH$aU AnojmE§ - ~§X n[aMmbZ

AmZwf§{JH$ g§ñWm B§S> ~¢H$ _M|©Q> ~¢qH$J godmE§ {b{_Qo>S> Zo {Xg§~a 1997 go bmJy hþE go~r {d{Z`_Z Ho$ µ\$bñdê$n {Z{Y AmYm[aV {H«$`mH$bmnm| H$mo ~§X {H$`m Wm Am¡a Ho$db

’kwëH$ AmYm[aV {H«$`mH$bmnm| H$mo boZo H$m {ZU©` {b`m Wm& {Xg§~a 1997 VH$ {dÚ_mZ {Z{Y AmYm[aV EŠñnmoµOa CZH$s g§{dXmH¥$V Ad{Y g_má hmoZo VH$ Omar aIo JE h¢&

Omo{H$ ñWm`r O_mAm| H$s nwZaXm`Jr Am¡a Xmdm Z H$s JB© ñWm`r O_mAm| H$mo O~ H$^r CZH$m Xmdm {H$`m OmVm h¡, CZH$s nwZaXm`Jr H$aZo Ho$ {bE EH$ amï´>r`H¥$V ~¢H$ _| EñH«$mo

ImVo _|o A§VaU H$aZo Ho$ ~mX H§$nZr Zo maVr` [aµOd© ~¢H$ go EZ~rE\$gr Ho$ ê$n _| n§OrH$aU Ho$ aX²X {H$`m OmZo H$s AZw_{V n«má H$s h¡ & A~ H§$nZr Ho$db go~r {d{Z`_Zm| Ûmam

{Z`§{ÌV h¡&


155

13.1.2 Minimum Alternate Tax (MAT) Credit

During the year the parent has provided for Income Tax in accordance with the Minimum Alternate Tax (MAT) as per the Income Tax Act, 1961 which is available as Tax credit to be set off in subsequent years. In accordance with the “Guidance Note on Accounting for credits available in respect of MAT under the Income Tax Act, 1961” issued by the ICAI the MAT credit for the current year amounting to Rs.151.06 crore has been credited to P&L Account under ‘Provisions and contingencies’ by debiting MAT credit entitlement Account.

13.2 SUBSIDIARY COMPANY:

13.2.1 INDBANK MERCHANT BANKING SERVICES LTD

In respect of Indbank Merchant Banking Services Ltd., provision for net Deferred Tax (net) for the year is Rs.6.34 crore ( Previous year Rs.0.01 crore) has been charged to profi t & loss account. The cumulative Deferred Tax Asset (net) upto 31.03.2009 is Rs.11.02 crore (Previous year Rs.17.36 crore). No DTA has been recognized on carry forward depreciation considering requirement of virtual certainty. The major components of deferred tax asset/liability are as below:

Deferred Tax (Rs in lakhs)

As on 31.3.2009 As on 31.3.2008

Asset Liability Asset Liability

i) Timing difference in depreciable assets 535.24 707.94

ii) Unabsorbed depreciation 0.00 1873.70

iii) Provision for Bad debts and NPAs 1620.99 564.76

iv) Others 16.54 5.50

Total 1102.29 1736.02

13.2.2 INDFUND MANAGEMENT LTD.

Deferred Tax liability (Net)

The Break-up of Deferred Tax Assets/ Liabilities are as under(Rs. in lakhs)

As at March 2009

As at March 2008

Deferred Tax LiabilityTiming difference on account of“Differences in Depreciationin Block of Fixed Assets as perTax book & Financial Book”

0.24 Nil

Gross Deferred Tax Liabilities (A) 0.24 Nil

Deferred Tax Assets (B) Nil Nil

Deferred Tax Liabilities (Net) ( A – B ) 0.24 Nil

14. Disclosure requirements under AS 24 – Discontinued operations

The subsidiary Indbank Merchant Banking Services Limited had discontinued fund-based activities consequent to SEBI regulations coming into force with effect from December 1997 and had decided to undertake only fee-based activities. The existing fund based exposures as on December 1997 are continued to run down to their contracted period. The subsidiary had obtained cancellation of registration as NBFC from RBI consequent to repayment of fi xed deposits and transfer of unclaimed fi xed deposits to an escrow account with a nationalised bank for repayment as and when claimed. The Company is now governed only by SEBI regulations.

156

fooj.k 2008 - 09 2007 - 08

gVV n[aMmbZ -ewëH$ AmYm[aV

~§X n[aMmbZ - {Z{Y AmYm[aV

AZm~§{Q>V Hw$b gVV n[aMmbZ -ewëH$ AmYm[aV

~§X n[aMmbZ{Z{Y AmYm[aV

AZm~§{Q>V Hw$b

n[aMmbZm| go Am` 445.22 535.70 111.63 1092.55 718.81 4100.98 0.00 4819.79

ã`mO H$m n«Ë`mdV©Z 0.00 0.00 0.00 0.00 8.33 70.71 0.00 79.04

Hw$b 445.22 535.70 111.63 1092.55 727.14 4171.69 0.00 4898.83

ì``

n«emgZ Am¡a AÝ` ì`` 264.41 318.15 0.00 582.56 68.37 390.09 0.00 458.46

_yë`h«mg 64.44 62.19 0.00 126.63 20.44 103.18 0.00 123.62

n«mdYmZ 34.38 382.21 0.00 416.59 0.00 0.00 0.00 0.00

Hw$b ì`` 363.23 762.55 0.00 1125.78 88.81 493.27 0.00 582.08

H$a nyd© bm^ /(hm{Z) 81.99 (226.85) 111.63 (33.23) 638.33 3678.42 0.00 4316.75

ã`mO 0.00 0.00 0.00 0.00 0.00 0.00 (506.48) (506.48)

H$a hoVw n«mdYmZ- dV©_mZ 0.00 0.00 0.00 0.00 0.00 0.00 (351.69) (351.69)

H$a hoVw n«mdYmZ- AmñW{JV 0.00 0.00 633.74 633.74 0.00 0.00 (1.38) (1.38)

H$a hoVw n«mdYmZ- E\$~rQ>r 0.00 0.00 3.69 3.69 0.00 0.00 (2.24) (2.24)

fiNys ofksZ esa cV~Vs [kkrs esa Mkys x, dj ds fy, izko/kku

0.00 0.00 51.95 51.95 0.00 0.00 0.00 0.00

H$a Ho$ ~mX bm^ / (hm{Z) 81.99 (226.85) (577.75) (722.61) 638.33 3678.42 (861.80) 3454.96

Hw$b AmpñV`m± 3130.89 1331.86 1837.61 6300.36 2723.03 3038.73 2195.19 7956.95

Hw$b Xo`VmE± 697.82 0.00 0.00 697.82 837.71 0.00 794.11 1631.82

n[aMmbZ {H«$`mH$bmnm| go {Zdb ZH$Xr n«dmh

246.13 109.80 (220.14) 135.79 120.22 (319.20) (452.50) (651.48)

{Zdoe {H«$`mH$bmnm| go {Zdb ZH$Xr n«dmh

(694.65) 1335.27 0.00 640.62 (76.79) 2609.44 0.00 2532.65

{dËVr`Z {H«$`mH$bmnm| go {Zdb ZH$Xr n«dmh

0.00 0.00 (778.80) (778.80) 0.00 0.00 (1789.82) (1789.82)

(én`o yk[kksa _|)


157

Particulars 2008-09 2007-08

Continuing Operations-

Fee based

Discontinued Operations – Fund based

Un-Allocated Total Continuing Operations-Fee based

Discontinued Operations – Fund based

Un-Allocated Total

Income from Operations 445.22 535.70 111.63 1092.55 718.81 4100.98 0.00 4819.79

Reversal of Provisions 0.00 0.00 0.00 0.00 8.33 70.71 0.00 79.04

Total 445.22 535.70 111.63 1092.55 727.14 4171.69 0.00 4898.83

Expenses

Administration & Other exp 264.41 318.15 0.00 582.56 68.37 390.09 0.00 458.46

Depreciation 64.44 62.19 0.00 126.63 20.44 103.18 0.00 123.62

Provisions 34.38 382.21 0.00 416.59 0.00 0.00 0.00 0.00

Total – Expenses 363.23 762.55 0.00 1125.78 88.81 493.27 0.00 582.08

Profi t/(Loss) before Tax 81.99 (226.85) 111.63 (33.23) 638.33 3678.42 0.00 4316.75

Interest 0.00 0.00 0.00 0.00 0.00 0.00 (506.48) (506.48)

Provision for tax – Current 0.00 0.00 0.00 0.00 0.00 0.00 (351.69) (351.69)

Provision for tax – Deferred 0.00 0.00 633.74 633.74 0.00 0.00 (1.38) (1.38)

Provision for tax – FBT 0.00 0.00 3.69 3.69 0.00 0.00 (2.24) (2.24)

Provision for tax pertaining to earlier years written off

0.00 0.00 51.95 51.95 0.00 0.00 0.00 0.00

Profi t/(Loss) after Tax 81.99 (226.85) (577.75) (722.61) 638.33 3678.42 (861.80) 3454.96

Total Assets 3130.89 1331.86 1837.61 6300.36 2723.03 3038.73 2195.19 7956.95

Total liabilities 697.82 0.00 0.00 697.82 837.71 0.00 794.11 1631.82

Net Cash fl ow from operating activities

246.13 109.80 (220.14) 135.79 120.22 (319.20) (452.50) (651.48)

Net Cash fl ow from Investment activities

(694.65) 1335.27 0.00 640.62 (76.79) 2609.44 0.00 2532.65

Net Cash fl ow from fi nancing activities

0.00 0.00 (778.80) (778.80) 0.00 0.00 (1789.82) (1789.82)

(Rs. in Lakhs)

158

15- fofo/k vk; esa ofZ ds nkSjku cV~Vs [kkrs esa Mkys x, [kkrksa esa olwyh xbZ #-183-00 djksM+ dh jkf’k ’kkfey gS ¼fiNyk ofZ #-312-93 djksM½

16- izko/kkuksa ,oa izklafxdrkvksa esa #-173 djksM dh jkf’k ’kkfey gS tks le>kSrs dks vafre :i fn;k tkruk yafcr jgus ds dkj.k izca/ku ds orZeku fu/kkZj.k ds vk/kkj ij deZpkfj;ksa ds ikfjJfed @ ykHkksa dh cdk;k jkf’k ds izfr fd, x, izko/kku gSA ifj.kr opuc)rkvksa dks iwjk djus ds fy, ofZ esa leqfpr lek;kstu fd, tk,axsA

17- d`ff _.k ekQ+h vkSj _.k jkgr ;kstuk 2008* ewy laLFkk %

Hkkjr ljdkj us mu lhekar ,oa y?kq d`fdksa vkSj vU; fdlkuksa dks ftUgksaus izR;{k d`ff _.k fy, gSa dks _.k ekQ+h ds fy, jkgr ;kstuk vf/klwfpr dh gS ;Fkk **d`ff _.k ekQ+h vkSj _.k jkgr ;kstuk 2008** ;kstukA ;kstuk ds vuqlkj vgZ d`fdksa dks nh x;h] _.k ekQh dks [kkrksa esa fglkc esa fy;k x;k gS vkSj jkf’k;ka ys[kkijh{kdksa }kjks nkoksas ds izek.khdj.k ds v|/khu gSaA

18. A{V[aŠV n«H$Q>rH$aU _yb VWm AmZwf§{JH$ g§ñWmAm| Ho$ AbJ {dËVr` {ddaUm| _| n«H$[aV A{V[aŠV gm§{d{YH$ gyMZm {OgH$m g_o{H$V {dËVr` {ddaUm| Ho$ ghr Ed§ C{MV pñW{V na H$moB© Aga

Zht nS>Vm Am¡a Eogr _Xm| go g§~§{YV gyMZm Omo ^m¡{VH$ Zht h¡, ^maVr` gZXr boImH$ma g§ñWmZ Ûmam Omar {H$E JE gm_mÝ` ñnï>rH$aU H$s X¥{ï> go n«H$Q> Zht H$s JB© h¡&

19. {nN>bo df© Ho$ Am§H$S>o … {nN>bo df© Ho$ Am§H$S>m| H$mo Ohm± H$ht Amdí`H$ hmo Mmby df© Ho$ Am§H$S>m| H$s nw{ï> H$aZo hoVw nwZ… g_yh~Õ/nwZd©JuH¥$V {H$`m J`m h¡&


vkj izdk’k vkj ih vxjoky ujs’k panz xsYyh oh lk>snkj lk>snkj lk>snkj

(M.No. 205869) (M.No. 051979) (M.No. 201754)

H¥$Vo nr.Eb {_ËVb E§S> H§$nZr H¥$Vo {dídZmWZ E§S> ñdm_rZmWZ H¥$Vo JUogZ E§S> H§$nZr gZXr boImH$manr. gZXr boImH$ma gZXr boImH$ma

/khjt feRry oh eksgu ,l LokfeukFku lk>snkj lk>snkj lk>snkj

(M.No. 97289) (M.No. 26590) (M.No. 23998)

ñWmZ … MoÝZ¡ {XZm§H$ … 19.05.2009


funs’kddqekj lat; d`".kkdqekj lat; d`".kk, gr Ama JmonmbgwÝXa_, AemoH$ Jwám, Q>r Q>r ZQ>amOZ, S>m° Or gwYmH$a amd, lr_Vr gm[a`m ImZ, lh ds jaxukFku, izks- ujsUnz dqekj vxzoky

ys[kk ijh{kd


159

15. Miscellaneous income includes a sum of Rs.183.00 crore being recovery in written-off accounts during the year (previous year Rs.312.93 crore)

16. Provisions and Contingencies include a sum of Rs.173 crore being provisions made towards arrears of employees’ remuneration/ benefi ts based on current assessment of the management pending fi nalization of the settlement. Appropriate adjustments will be carried out in the year of meeting the crystallized commitments.

17. AGRICULTURAL DEBT WAIVER AND DEBT RELIEF SCHEME 2008:

PARENT :

Government of India has notifi ed Relief Scheme namely “Agricultural Debt Waiver and Debt Relief Scheme, 2008” for giving debt waiver to marginal and small farmers and to other farmers who have availed direct agriculture loan. The agricultural debt waiver given to the eligible farmers as per the Scheme has been given effect to in the accounts and amounts are subject to certifi cation of claim by the auditors.

18. ADDITIONAL DISCLOSURES:

Additional Statutory information disclosed in separate fi nancial statements of the parent and the subsidiaries having no bearing on the true and fair view of the Consolidated Financial Statements and also the information pertaining to the items which are not material have not been disclosed in the Consolidated Financial Statement, in view of the General Clarifi cation issued by the Institute of Chartered Accountants of India (ICAI).

19. PREVIOUS YEAR FIGURES:

Previous year’s fi gures have been regrouped / reclassifi ed, wherever necessary to conform to current year’s fi gures.

For R. SUBRAMANIAN AND COMPANY For R. GOPAL & ASSOCIATES For GRANDHY & CO Chartered Accountants Chartered Accountants Chartered Accountants

R. Prakash R. P. Agarwal Naresh Chandra Gelli VPartner Partner Partner

(M.No. 205869) (M.No. 051979) (M.No. 201754) For P. L. MITTAL & CO., For VISWANATHAN & SWAMINATHAN For GANESAN AND COMPANY Chartered Accountants Chartered Accountants Chartered Accountants

Dhiraj Mittal V. Mohan S SwaminathanPartner Partner Partner

(M.No. 97289) (M.No. 26590) (M.No. 23998)

Place : ChennaiDate … 19.05.2009


DIRECTORS:

KUMAR SANJAY KRISHNA, C R GOPALASUNDARAM, ASHOK GUPTA, T T NATARAJAN, DR G SUDHAKAR RAO, Mrs. SARIA KHAN, C K RANGANATHAN , PROF. NARENDRA KUMAR AGRAWAL

AUDITORS:

160

_mM© 31, 2009. H$mo g_má df© Ho$ {bE g_o{H$V ZH$Xr n«dmh {ddaU (#- H$amoS> _|)

31.03.2009 H$mo g_má df© 31.03.2008 H$mo g_má df©bm^ d hm{Z boIo Ho$ AZwgma {Zdb bm^ 1252.61 1049.76{ZåZ{b{IV hooVw g_m`moOZ n«mdYmZ d AmH$pñ_H$ 994.77 656.68_yë`h«mg 85.86 107.94AmpñV`m| H$s {~H«$s na hm{Z (0.08) 0.52H$m`©erb ny±Or n[adV©Zm| Hoo$ nyd© n[aMmbZJV bm^ 2333.16 1814.90

n[aMmbZJV AmpñV`m| _| d¥{Õ / H$_r{Zdoem| _| (d¥{Õ)/ H$_r (884.66) (1050.35)A{J«_m| _| d¥{Õ (11622.62) (10814.22)AÝ` AmpñV`m| _| (d¥{Õ)/ H$_r (132.80) (23.81)

(12640.08) (11888.38)n[aMmbZJV Xo`VmAm| _| d¥{Õ / H$_r O_mAm| _| d¥{Õ 11527.15 13945.23CYmam| _| d¥{Õ / (H$_r) (752.46) (653.21)AÝ` Xoo`VmAm| _| d¥{Õ / (H$_r) (83.40) (981.02)

10691.29 12311.00

n[aMmbZm| go g¥{OV Hw$b ZH$Xr 384.37 2237.52

{Zdoe J{V{d{Y`m| go ZH$Xr n«dmh AMb AmpñV`m| H$s IarX (107.19) (97.58)AMb AmpñV`m| H$s {~H«$s 11.93 2.78{Zdooe J{V{d{Y`m| go g¥{OV Hw$b ZH$Xr (95.26) (94.80)

{dËVnmofU J{V{d{Y`m| go Hw$b ZH$Xr n«dmh

bm^m§e H$m Hkqxrku (321.45) (160.93)bm^m§e {dVaU H$a H$m Hkqxrku (54.62) (27.35){dËVnmofU J{V{d{Y`m| go g¥{OV {Zdb ZH$Xr (376.07) (188.28)

n[aMmbZJV J{V{d{Y`m| go ZH$Xr 384.37 2237.52{Zdoe J{V{d{Y`m| go ZH$Xr n«dmh (95.26) (94.80){dËVnmofU J{V{d{Y`m| go ZH$Xr n««dmh (376.07) (188.28)ZH$Xr Am¡a ZH$Xr g_H$aUm| _| H$_r/ d¥{Õ (86.96) 1954.44

df© Ho$ n«ma§^ _| ZH$Xr d ZH$Xr Vwë`udnh (fons’kh eqnzkvksa lfgr) 189.51 141.09Hkkjrh; fjtoZ cSad ds lkFk esf&pkyw [kkrs esa 6243.46 3588.38cSad ds lkFk esfd) pkyw [kkrs esa 68.93 37.47[k) vU; [kkrksa\ esa 1.08 50.83


161

Consolidated Cash Flow Statement for the year ended March 31, 2009

(Rs. in Crore)Year ended 31.03.2009 Year ended 31.03.2008

Net Profi t as per Profi t & Loss Account 1252.61 1049.76Adjustments for :Provisions & Contingencies 994.77 656.68Depreciation 85.86 107.94Loss/(profi t) on Sale of Assets (0.08) 0.52Operating Profi t before working capital changes 2333.16 1814.90

INCREASE/DECREASE IN OPERATING ASSETSDecrease/(Increase) in Investments (884.66) (1050.35)Increase in Advances (11622.62) (10814.22)Decrease/(Increase) in Other Assets (132.80) (23.81)

(12640.08) (11888.38)INCREASE/DECREASE IN OPERATING LIABILITIESIncrease in Deposits 11527.15 13945.23Increase/(Decrease) in Borrowings (752.46) (653.21)Increase/(Decrease) in Other Liabilities (83.40) (981.02)

10691.29 12311.00

Net cash generated from operations 384.37 2237.52

CASH FLOW FROM INVESTING ACTIVITIESPurchase of Fixed Assets (107.19) (97.58)Sale of Fixed Assets 11.93 2.78Net cash generated from Investing Activities (95.26) (94.80)

CASH FLOW FROM FINANCING ACTIVITIESPayment of Dividend (321.45) (160.93)Payment of Dividend Distribution Tax (54.62) (27.35)Net cash generated from Financing Activities (376.07) (188.28)

Cash from Operating Activities 384.37 2237.52Cash fl ow from Investing Activities (95.26) (94.80)Cash fl ow from Financing Activities (376.07) (188.28)Increase/Decrease in cash & cash equivalents (86.96) 1954.44

162

_mM© 31, 2009. H$mo g_má df© Ho$ {bE g_o{H$V ZH$Xr n«dmh {ddaU(#- H$amoS> _|)

31.03.2009 H$mo g_má df© 31.03.2008 H$mo g_má df©

cSadksa ds lkFk ekax ,oa vYilwpuk ij /ku jkf’k 100.00 680.00Hkkjr ds ckgj cSadksa ds lkFk esfd) pkyw [kkrksa esa 105.75 246.09[k) vU; tek [kkrksa esa 56.28 41.91

ekax ,oa vYilwpuk ij /ku jkf’k8.27 33.07

6773.28 4818.84

df© Ho$ var _| ZH$Xr d ZH$Xr Vwë` 6686.32 6773.28

udnh (fons’kh eqnzk uksV lfgr) 248.04 189.51Hkkjrh; fjtoZ cSad ds lkFk esf&pkyw [kkrs esa 5963.55 6243.46cSadksa ds lkFk esfd) pkyw [kkrksa esa 59.68 68.93[k) vU; tek [kkrksa esa 101.82 1.08cSad ds lkFk ekax ,oa vYilwpuk ij /ku jkf’k 50.00 100.00Hkkjr ds ckgj cSad ds lkFk esfd) pkyw [kkrksa esa 143.46 105.75[k) vU; tek [kkrksaa esa 110.44 56.28ekax ,oa vYilwpuk ij /ku jkf’k 9.33 8.27

6686.32 6773.28



(M.No. 205869) (M.No. 051979) (M.No. 201754)



(M.No. 97289) (M.No. 26590) (M.No. 23998)

ñWmZ … MoÝZ¡ {XZm§H$ … 19.05.2009



ys[kk ijh{kd


163

Cash & Cash equivalents at the beginning of the yearCash in hand (including foreign currency notes) 189.51 141.09Balances with Reserve Bank of India - in current Account 6243.46 3588.38Balances with Banks(a) in current Accounts 68.93 37.47(b) in other deposit accounts 1.08 50.83

Money at Call and short notice with Banks 100.00 680.00Balances with Banks outside India(a) in current Accounts 105.75 246.09(b) in other deposit accounts 56.28 41.91

Money at call and short notice 8.27 33.07

6773.28 4818.84

Cash & Cash equivalents at the end of the year 6686.32 6773.28

Cash in hand (including foreign currency notes) 248.04 189.51Balances with Reserve Bank of India - in current Account 5963.55 6243.46Balances with Banks(a) in current Accounts 59.68 68.93(b) in other deposit accounts 101.82 1.08Money at Call and short notice with Banks 50.00 100.00Balances with Banks outside India(a) in current Accounts 143.46 105.75(b) in other deposit accounts 110.44 56.28Money at call and short notice 9.33 8.27

6686.32 6773.28



(M.No. 205869) (M.No. 051979) (M.No. 201754) For P. L. MITTAL & CO., For VISWANATHAN & SWAMINATHAN For GANESAN AND COMPANY Chartered Accountants Chartered Accountants Chartered Accountants


(M.No. 97289) (M.No. 26590) (M.No. 23998)



DIRECTORS:


AUDITORS:

164

AZwgyMr -18

_w»` boIm§H$Z Zr{V`m±§(g_o{H$V boIm 2008-09)

1 boIm§H$Z n«Wm …

{dËVr` {ddaU Eo{Vhm{gH$ bmJV n«Wm na Mmby laLFkk g§H$ënZm Ho$ AmYma na V¡ ma {H$E OmVo h¢ VWm ^maVr` emImAm| Ho$ g§~§Y _| ^maV _| n«M{bV gm§{d{YH$ n«mdYmZm| Ed§ nÕ{V`m| Ho$ AZwê$n h¢ VWm {dXoer emImAm| Ho$ g§~§Y _| AÝ`Wm Z ~Vm o OmZo na lacaf/kr ns’kksa _| n«M{bV gm§{d{YH$ n«mdYmZm| Ed§ nÕ{V`m| Ho$ AZwê$n h¡ &

2 g_oH$Z H$s n«{H««$`m …

2.1 g_yh H$m (_yb g§ñWm Ed§ CgH$s AZwf§{J`m§) g_o{H$V {dËVr` {ddaU, B§{S>`Z ~¢H$ (_yb g§ñWm) Am¡a CgH$s AZwf§{J`m§, `Wm (1) B§S> ~¢H$ hmCqgJ {b{_Qo>S> (2) B§S> ~¢H$ _M|©Q> ~¢qH$J g{d©goµO {b{_Qo>S>, (3) B§S> µ\§$S> _oZoO_|Q> {b{_Qo>S> Ho$ boIm nar{jV {dËVr` {ddaUm| Ho$ AmYma na, A§Va g_yh boZXoZm| H$mo Ed§ n«má Z {H$E JE bm^ / hm{Z`m| H$mo N>mo‹S>Zo Ho$ ~mX Am¡a EH$ g_mZ boIm§H$Z Zr{V Ho$ AZwgma `Wmdí`H$ g_m`moOZ H$aZo Ho$ ~mX V¡`ma {H$ò Jò h¢ & _yb g§ñWm H$s [anmo{Q©>J VmarI Ho$ {bE hr AZwf§{J`m| Ho$ {dËVr` {ddaU ^r ~ZmE JE h¢ &

2.2 _yb gñWm H$mo AmZwf§{JH$ g§ñWm _| {Zdoe Ho$ {bE hþB© bmJV Am¡a AO©Z H$s VmarI H$mo AZwf§Jr g§ñWm _| _yb gñWm H$s B©{¹$Q>r _| A§Va H$mo {dËVr` {ddaU _| ny§Or [aµOd© @xqMfoy Ho$ ê$n _| {b`m OmVm h¡ & AO©Z Ho$ ~mX Ho$ bm^ / hm{Z`m| _| _yb gñWm Ho$ eoà H$m g_m`moOZ, amOñd [aµOd© Ho$ gmW {H$`m OmVm h¡ &

2.3 n[aMmbZ Ho$ {Zdb n[aUm_ Am¡a AZwf§Jr g§ñWm H$s g§npËV _| Aën g§»`H$ Ho$ hH$ §go bm^ Ed§ {Zdb g§ßmpËV`m| H$m dh A§e X²`mo{VV h¡ Omo Aëng§»`H$m| H$mo Xo` h¡ &

2.4 ,lksfl;sVl esa fuos’k dk fglkc ,lksfl;sVl ds ysk[kk ijhf{kr foRrh; fooj.kksa ds vk/kkj ij vkbZlh,vkb }kjk tkjh ys[kkdj.k ekud (EEg- 23)lkesfdr foRrh; fooj.kksa esa ,lksfl;sVl esa fuos’k ds fy, ys[kkadu ds vuqlkj bZfDoVh i)fr ds rgr fd;k tkrk gSA

3 {dXoer {d{Z_` go g§~§{YV boZXoZ

g§nyU© {dXoer n[aMmbZ Am¡a J¡µa g§nyU© {dXoer n[aMmbZ Ho$ ñd^mddmbo {dXoer _wX«m boZXoZm| H$m boIm§H$Z, ^maVr` gZXr boImH$ma g§ñWmZ (AmB©grEAmB©) Ûmam Omar boImH$aU _mZH$-11 (EEg- 11) Ho$ AZwgma {H$`m OmVm h¡&

3.1 g§nyU© {dXoer n[aMmbZm| Ho$ _m_bo _| n[adV©Z (_yb g§ñWm)

3.1.1 {dXoer _wX«m boZXoZ H$aZodmbr ^maVr` emImAm| H$mo ‘g§nyU© {dXoer n[aMmbZ’ Ho$ ê$n _| dJuH¥$V {H$`m J`m h¡ Am¡a BZ emImAm| _| {dXoer {d{Z_` boZXoZm| H$mo {dXoer {d{Z_` S>rba g§K (µ\o$S>m`) Ûmam gy{MV gmám{hH$ Am¡gV Xa (S>~ë`yEAma) na [aH$m°S©> {H$`m OmVm h¡&

3.1.2 {dXoer _wX«m na AmpñV`m| Ed§ Xo`VmAm| H$m n[adV©Z, dfm|©V na µ\o$S>m` Ûmam gy{MV g_mnZ Xam| na {H$`m OmVm h¡&

3.1.3 {dXoer _wX«m _| ñdrH¥${V`m§, n¥ð>m§H$Z Am¡a AÝ` ~mÜ`VmE§ Am¡a Jma§{Q>`m| H$mo dfmªV na µ\o$S>m` Ûmam g_mnZ Xam| na aIm OmVm h¡&

3.1.4 {dËVr` df© Ho$ A§V _| {dXoer _wX«m _| aIr J`r AmpñV`m| Ed§ Xo`VmAm| Ho$ {ZnQ>mZ Ed§ n[adV©Z go CR>Zodmbo {d{Z_` A§Va H$mo, Cg df© _| hr Am` `m ì`` Ho$ ê$n _| nhMmZm OmVm h¡ O~ do CËnÝZ hmoVo h¢&

3.1.5 ~H$m`m dm`Xm {d{Z_` Xam| H$m n«H$Q>rH$aU g§{dXmJV Xam| go {H$`m OmVm h¡ VWm µ\o$S>m` Ho$ g_mnZ Xam| na CZH$m nwZ_y©ë`Z {H$`m OmVm h¡ Ed§ CgHo$ n[aUm_ H$s nhMmZ, bm^ d hm{Z boIo Ho$ µO[aE H$s OmVs h¡&

3.2 µJ¡a-g§nyU© {dXoer n[aMmbZ Ho$ g§~§Y _| n[adV©Z (_yb g§ñWm)

{dXoer emImAm| H$m dJuH$aU, µJ¡a g§nyU© {dXoer n[aMmbZ Ho$ ê$n _| {H$`m J`m h¡ Am¡a {dËVr` {ddaUm| H$m n[adV©Z {ZåZdV² {H$`m OmVm h¡ …

3.2.1 AmH$pñ_H$ Xo`VmE§ g{hV AmpñV Ed§ Xo`VmAm| H$m n[adV©Z µ\o$S>m` Ûmam dfm|©V na vf/kgy{MV Xam| na {H$`m OmVm h¡&

3.2.2 Am` Ed§ ì`` H$m n[adV©Z µ\o$S>m` Ûmam g§~§{YV {V_mhr Ho$ A§V na vf/kgy{MV {V_mhr Am¡gV g_mnZ Xa na {H$`m OmVm h¡&

3.2.3 {Zdb {Zdoem| Ho$ {ZnQ>mZ VH$ CR>Zodmbo g^r {d{Z_` A§Va H$mo ‘’{d{Z_` CVma-M‹T>md {Z{Y’’ Zm_H$ n¥WH$ {Z{Y _| Cn{MV aIm OmVm h¡&


165

SCHEDULE - 18SIGNIFICANT ACCOUNTING POLICIES

(Consolidated Accounts 2008-09)

1. ACCOUNTING CONVENTION

The fi nancial statements are prepared by following the going concern concept on historical cost convention and conform to the statutory provisions and practices prevailing in India in respect of Indian branches and in respect of foreign branches as per statutory provisions and practices prevailing in the respective countries, unless otherwise stated.

2. CONSOLIDATION PROCEDURE

2.1 Consolidated fi nancial statements of the group (parent and its subsidiaries) have been prepared on the basis of audited fi nancial statements of Indian Bank (parent) and its subsidiaries viz. (1) Ind Bank Housing Ltd, (2) Indbank Merchant Banking Services Ltd. (3) Indfund Management Ltd after eliminating intra group transactions and unrealised profi t/losses and making necessary adjustments wherever required to conform to the uniform accounting policies. The fi nancial statements of the subsidiaries are drawn up to the same reporting date of the parent.

2.2 The difference between the cost to the parent of its investment in subsidiary entity and the parent’s portion of its equity in the subsidiary with reference to the date of acquisition is recognised in the fi nancial statement as Capital Reserve/ Goodwill. The parent’s share of the post acquisition of profi ts/losses is adjusted against the Revenue Reserve.

2.3 The minority interests in the net result of the operation and the asset of the subsidiary, represent that part of profi t and the net asset attributable to the minorities.

2.4 Investments in Associates are accounted for under the Equity Method as per Accounting Standard (AS) -23 “Accounting for Investments in Associates in Consolidated Financial Statements” issued by ICAI based on the audited Financial Statements of the Associates.

3 TRANSACTIONS INVOLVING FOREIGN EXCHANGE

Foreign Currency transactions of integral foreign operations and non-integral foreign operations are accounted for as per Accounting Standard-11 (AS-11) issued by the Institute of Chartered Accountants of India (ICAI).

3.1 Translation in respect of integral foreign operations (PARENT)

3.1.1 Indian branches having foreign currency transactions have been classifi ed as “Integral foreign operations” and foreign exchange transactions at these branches have been recorded at the Weekly Average Rate (WAR) notifi ed by Foreign Exchange Dealers Association of India ( FEDAI).

3.1.2 Foreign currency assets and liabilities are translated at the closing rates notifi ed by FEDAI at the year end. 3.1.3 Acceptances, endorsements and other obligations and guarantees in foreign currency are carried at the closing

rates notifi ed by FEDAI at the year end.3.1.4 Exchange differences arising on settlement and translation of foreign currency assets and liabilities at the end of

the fi nancial year are recognized as income or expenses in the period in which they arise.3.1.5 Outstanding forward exchange contracts are disclosed at the contracted rates, and revalued at FEDAI closing rates,

and the resultant effect is recognized through Profi t and Loss account.

3.2 Translation in respect of non-integral foreign operations (PARENT)Foreign branches are classifi ed as non-integral foreign operations and the fi nancial statements are translated as follows:

3.2.1 Assets and liabilities including contingent liabilities are translated at the closing rates notifi ed by FEDAI at the year end.

3.2.2 Income and expenses are translated at the Quarterly Average Closing rate notifi ed by FEDAI at the end of the respective quarter.

3.2.3 All resulting exchange differences are accumulated in a separate account “Exchange Fluctuation Fund” till the disposal of the net investments.

166

3.3 AZwf§Jr H$n§Zr …

B§S>~¢H$ _M}§Q> ~¢qH$J g{d©goµO {b. -

{dXoer {d{Z_` boZXoZ … {dXoer {d{Z_` _|, Am` Am¡a ì`` VWm AmpñV d Xo`VmAm| H$m AmH$bZ boZXoZ H$s VmarI na bmJy Xam| na {H$`m OmVm h¡ & {ZnQ>mZ na AWdm n[adV©Z na {d{Z_` A§Va Ho$ H$maU {H$gr bm^ AWdm hm{Z H$mo bm^ Am¡a hm{Z boIo _| {b`m OmVm h¡ &

4. {Zdoe

4.1. _yb g§ñWm … 4.1.1. ~¢H$ Ho$ {Zdoe g§{d^mJ H$mo ^maVr` [aµOd© ~¢H$ Ho$ _mJ©Xeu {gÕm§Vm| Ho$ AZwgma {ZåZ{b{IV VrZ lo{U`m| _| dJuH¥$V {H$`m OmVm ho -

n[an¹$Vm Ho$ {bE aIo JE (EMQ>rE_)•{~H«$r hoVw CnbãY (EEµ\$Eg)•ì`mnma Ho$ {bE aIo JE (EMEµ\$Q>r)•

n[an¹$Vm VH$ amoH$ aIZo Ho$ Ame` Ho$ gmW n«má H$s JB© n«{V^y{V`m| H$mo n[an¹$Vm Ho$ {bE aIr JB© loUr Ho$ A§VJ©V dJuH¥$V {H$`m J`m h¡ & Aën Ad{Y Ho$ _yë`/ã`mO Xa _| CVma-M‹T>md go bm^ CR>mH$a ì`mnma H$aZo Ho$ Ame` Ho$ gmW n«má H$s JB© n«{V^y{V`m| H$mo ì`mnma Ho$ {bE aIr JB© loUr Ho$ ê$n _| dJuH¥$V {H$`m J`m h¡& AÝ` g^r n«{V^y{V`m§ Omo Cn`w©ŠV XmoZmo lo{U`m| _| Zhr AmVr h¢, CÝh| {~H«$s hoVw CnbãY loUr _| dJuH¥$V {H$`m J`m h¡ & EMQ>rE_ g§dJ© Ho$ VhV n«{V^y{V`m| H$s {~H«$s na bm^ H$mo nhbo bm^ Ed§ hm{Z boIo _| {b`m OmEJm Am¡a ~mX _| ny§Or [aµOd© ImVo _| {d{Z`moJ {H$`m OmEJm &

4.1.2 maV _| {Zdoe H$m _yë`m§H$Z ^maVr` [aOµd© ~¢H$ Ho$ _mJ©Xeu {gX²Ym§Vm| Ho$ AZwgma {ZåZ{b{IV vuqlkj fd;k tkrk h¢ -

(H$) n[an¹$Vm Ho$ {bE aIr JB© loUr _| n«{V y{V`m| H$m _yë`m§H$Z AO©Z H$s bmJV na {H$`m OmVm h¡, {gdm` CZ _m_bm| _| Ohm§ A§{H$V _yë` go AO©Z bmJV A{YH$ hmoVr hmo, VWm Eogo _m_bo _| A§{H$V _yë` na AO©Z bmJV Ho$ Eogo A§Va H$mo n[an¹$Vm H$s ~H$m`m Ad{Y _| n[aemo{YV {H$`m OmVm h¡& AZwf§{J`m|/g§`wŠV CÚ_m| g{hV {Zdoem| {OÝh| EMQ>rE_ g§dJ© Ho$ A§VJ©V em{_b {H$`m OmVm h¡, Ho$ _yë` _| AñWmB© n«H¥${V Ho$ Abmdm H$moB© ^r H$_r H$mo nhMmZm OmVm h¡ Am¡a n«mdYmZ {H$`m OmVm h¡ & n«ËòH$ {Zdoe Ho$ {bE d¡`pŠVH$ ê$n go Eogr H$_r H$m {ZYm©aU {H$`m OmVm h¡ Am¡a n«mdYmZ {H$`m OmVm h¡ &

(I) “{~H««$r Ho$ {bE CnbãY” loUr _| {Zdoem| H$m _yë`m§H$Z {V_mhr A§Vambm| na pñH«$ndma VWm dJuH$aUdma {H$`m OmVm h¡ & `{X H$moB© {Zdb _yë`h«mg hmo Vmo Cgo bm^-hm{Z boIm _| em{_b {H$`m OmVm h¡, O~{H$ {H$gr {Zdb _yë`d¥{Õ Ho$ hmoZo na CgH$s Cnojm H$a Xr OmVr h¡ & ~mµOma H$mo _mH©$ H$aZo Ho$ ~mX d¡`pŠVH$ n«{V^y{V`m| Ho$ ~hr _yë` _| H$moB© n[adV©Z Zht {H$`m OmVm&

(J) oS;fDrd fLdziksa dks _m{gH$ A§Vambm| na ~mµOma dks ekdZ {H$`m OmVm & `{X H$moB© {Zdb _yë`h«mg hmo Vmo Cgo bm^-hm{Z boIo _| em{_b {H$`m OmVm h¡, O~{H$ {H$gr {Zdb _yë`d¥{Õ Ho$ hmoZo na CgH$s Cnojm H$a Xr OmVr h¡ & Bg g§dJ© H$s d¡`pŠVH$ n«{V^y{V`m| Ho$ ~hr _yë` _| H$moB© n[adV©Z Zht {H$`m OmVm&

(K) {~H««$r Ho$ {bE CnbãY Am¡a ì`mnma Ho$ {bE aIr JB© lo{U`m| _| aIr JB© n«{V^y{V`m| H$m _yë`m§H$Z {ZåZdV² {H$`m OmVm h¡

i) n«mB_oar S>rbg© Egmo{gEeZ Amµ\$ B§{S>`m (nrS>rEAmB©) / {µ\$ŠñS> B§H«$_ _pZ _mH}$Q> {S>amBdo{Q>ìg Agmo{gEeZ Amµ\$ B§{S>`m (Eµ\$AmB©E_E_S>rE)Am¡a ãby_~J© Ûmam Kmo{fV {H$E JE AZwgma Ho$ÝX« gaH$ma H$s n«{V^y{V`mo§ H$m _yë`m§H$Z ~mµOma _yë` na n[an¹$Vm na g_w{MV n«m{á (dmB©Q>rE_) Xam|go {H$`m OmVm h¡ &

ii) amÁ` gaH$ma H$s Am¡a AÝ` AZw_mo{XV n«{V^y{`m| H$m _yë`m§H$Z, dmB©Q>rE_ nÕ{V bmJy H$aVo hþE Am¡a nrS>rEAmB© / E\$µAmB©E_E_S>rE, ãby_~J© Ûmam aIr JB© g_Vwë` n[an¹$Vm H$s Ho$ÝX« gaH$ma H$s n«{V^y{V`m| H$s n«m{á`m| go 25 _yb q~XwAm| Ho$ D$na aIVo hþE, {H$`m OmVm h¡&

iii) CÕ[aV {H$E OmZo na B©{¹$Q>r eoàm| H$m _yë`m§H$Z ~mOµma _yë` na {H$`m OmVm h¡& CÕ[aV Z hmoZodmbr B©{¹$Q>r eoàm| H$m _yë`m§H$Z, H§$nZr Ho$ hmb Ho$ VwbZ nÌ ( _yë`m§H$Z H$s VmarI go EH$ df© go A{YH$ nwamZm Z hmo) Ho$ AmYma na ~«oH$-An _yë` na (nwZ_©yë`m§H$Z [aOµd©, `{X H$moB© hmo, na Ü`mZ {XE {~Zm) {H$`m OmVm h¡ AÝ`Wm n«{V H§$nZr EH$ én`m Ho$ AZwgma eoàm| H$m _yë`m§H$Z {H$`m OmVm h¡ &

iv) CÕ[aV {H$E OmZo na A{Y_mÝ` eoàm| H$m _yë`m§H$Z ~mµOma _yë` na AÝ`Wm, g_w{MV dmB©Q>rE_ Xam| AWdm nwZ…n«m{á _yë` Ho$ AmYma na {ZYm©[aV _yë` go H$_Va na {H$`m OmVm h¡ &


167

3.3 Subsidiary Company:

INDBANK MERCHANT BANKING SERVICES LTD:

Foreign Exchange Transactions - Income and expenditure & assets and liabilities in Foreign exchange are accounted at the rates prevailing as on the date of transaction. Any gain or loss on account of exchange differences either on settlement or on translation is recognised in the Profi t and Loss Account.

4. INVESTMENTS

4.1 PARENT

4.1.1 The investment portfolio of the Parent is classifi ed in accordance with the RBI guidelines into three categories viz.,

» Held To Maturity (HTM) » Available For Sale (AFS) » Held For Trading (HFT)

The securities acquired with the intention to be held till maturity are classifi ed under “HTM” category. The securities acquired with the intention to trade by taking advantage of short–term price/interest movements are classifi ed as “HFT”. All other securities which do not fall under any of the two categories are classifi ed under “AFS” category. While profi t on sale of securities under HTM category is fi rst taken to Profi t and Loss account and thereafter appropriated to Capital Reserve account and loss if any is charged to Profi t & Loss account.

4.1.2 Investments in India are valued in accordance with RBI guidelines, as under:

a) Securities in HTM category are valued at acquisition cost except where the acquisition cost is higher than the face value, in which case, such excess of acquisition cost over the face value is amortised over the remaining period of maturity. Any diminution, other than temporary, in value of investments in subsidiaries/joint ventures, which are included under HTM category, is recognized and provided. Such diminution is being determined and provided for each investment individually.

b) Investments in AFS category are marked to market, scrip-wise and classifi cation wise, at quarterly intervals. Net depreciation, if any, is provided for in the Profi t and Loss account while net appreciation, if any, is ignored. The book value of the individual securities does not undergo any change after marking to market.

c) The individual scrips in the HFT category are marked to market at monthly intervals. Net depreciation, if any, is provided for in the Profi t and Loss account while net appreciation, if any, is ignored. The Book Value of the individual securities in this category does not undergo any change.

d) Securities in AFS and HFT categories are valued as under:

i) Central Government Securities are valued at market price on the basis of appropriate Yield To Maturity (YTM) rates as announced by Primary Dealers Association of India (PDAI), Fixed Income Money Market and Derivatives Association of India (FIMMDA) and Bloomberg.

ii) State Government and Other approved securities are valued applying the YTM method by marking up 25 basis points above the yields of the Central Government Securities of equivalent maturity put out by PDAI, FIMMDA, and Bloomberg.

iii) Equity shares are valued at market price, if quoted. Unquoted equity shares are valued at break-up value (without considering revaluation reserves if any) as per the company’s latest balance sheet (not more than one year prior to the date of valuation). Otherwise, the shares are valued at Re.1 per company.

iv) Preference shares are valued at market price, if quoted; otherwise at lower of the value determined based on the appropriate YTM rates or redemption value.

168

v) A{J«_m| Ho$ ê$n _| ahZodmbo {S>~|Mam| VWm ~m§S>µm| H$mo N>mo‹S>H$a AÝ` g^r {S>~|Mam| VWm ~m§S>µm| H$m _yë`m§H$Z dmB©Q>rE_ Ho$ AmYma na {H$`m OmVm h¡&

vi) amOH$mof {~bm|, O_m n«_mUnÌm| VWm dm{UpÁ`H$ nÌm| H$m _yë`m§H$Z CZH$s aImd bmJV na {H$`m OmVm h¡ &

vii) CÕ[aV {H$E OmZo na nmañnm[aH$ {Z{Y`m| H$s `y{ZQ>m| H$m _yë`m§H$Z ~mµOma _yë` na AÝ`Wm nwZ… IarX _yë` AWdm {Zdb AmpñV _yë`(EZEdr) Ho$ H$_Va na {H$`m OmVm h¡& bm°H$ BZ Ad{Y go `wŠV {Z{Y`m| Ho$ _m_bo _| Ohm± nwZ… IarX Xa|/~mOµma CÕaU CnbãY Zht h¡, `y{ZQ>m| H$m _yë`m§H$ZEZEdr na `m bm°H$ BZ Ad{Y Ho$ A§V VH$ bmJV na {H$`m OmVm h¡&

4.1.3 {dXoer emImAm| Ûmam {H$E JE {Zdoem| H$m _yë`m§H$Z g§~§{YV Xoem| _| n«M{bV nÕ{V Ho$ AZwgma hmoVm h¡ &

4.1.4 Eogo {S>µ~|Mam| VWm ~m§S>µm| H$m, {OZ_| ã`mO / _ybYZ 90 {XZm§| go A{YH$ Ad{Y Ho$ {bE ~H$m`m hmo, _yë`m§H$Z ^maVr` [aµOd© ~¢H$ Ûmam {ZYm©[aV {ddoH$nyU© _mZX§S>m| H$mo bmJy H$aVo hþE {H$`m OmVm h¡&

4.1.5 nykyh@deh’ku@va’knkuksa ij izkIr izksRlkguksa dks izfrHkwfr;ksa dh ykxr ls de dj fn;k tkrk gSA izfrHkwfr;ksa ds vf/kxzg.k gsrq iznRr nykyh@deh’ku@LVkai M~;wVh dks jktLo O;; ekuk tkrk gS A

4.1.6 ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma ~Mmd ì`dñWm (hoqOJ) Ho$ {bE ã`mO Xam| H$s AXbm ~Xbr Ho$ boZXoZm| H$s n«moX²^dZ AmYma na JUZm H$s OmVr h¡ Am¡a nm{jH$ A§Vambm| na ì`mnma g§~§Yr boZXoZ ~mµOma H$mo A§{H$V {H$E OmVo h¢ & dqy Losiksa ds mfpr ewY; dk vkdyu] rqyu i= rkjh[k rd Losi djkjksa dh lekfIr ij izkIr vFkok iznRr@izns; jkf’k ds vk/kkj ij fd;k tkrk gS mlls mRiUu gkfu;ksa ] ;fn gks ] dk iw.kZ izko/kku fd;k tkrk gS tcfd ykHk] ;fn gks ] dks NksM fn;k tkrk gS A Losiksa dh lekfIr ij ykHk o gkfu;ksa dks vkLFkfxr fd;k tkrk gS vkSj LoSi dh lafonkxr thou vFkok fofufnZîV vkfLr vFkok ns;rk dh cdk;k thou tks Hkh de gks] rd igpkuk tkrk gS A

4.1.7 Ho$ÝX«r` gaH$ma H$s Jma§Q>r n«má {Zdoem| Ho$ A{VXo hmoZo na ^r CÝh| V^r EZnrE _mZm OmEJm O~ Jma§Q>r bmJy H$s OmZo na gaH$ma CgH$m {ZamH$aU H$aVr h¡ &

4.1.8 amÁ` gaH$ma Ûmam n«Ë`m^yV n«{V^y{V`m| _| {Zdoe Omo{H$ ‘_mZo JE A{J«_m|’ Ho$ ê$n _| Zht h¢ H$mo AmpñV dJuH$aU Am¡a n«mdYmZrH$aU _mZX§S>m| Ho$ AÚYrZ aIm OmVm h¡, `{X ã`mO / _yb {H$ñV (n[an¹$Vm g§n«m{á`m| H$mo em{_b H$aVo hþE) AWdm ~¢H$ H$mo Xo` AÝ` H$moB© am{e, 90 {XZm| go A{YH$ Ho$ {bE AXËV ~Zr ahVr h¡&

AZwf§Jr H§$n{Z`m± …

4.2 B§S> ~¢H$ _M|©Q> ~¢qH$J g{d©goµO {b{_Qo>S> H§$nZr Ho$ nmg aIo g^r {Zdoe XrK©H$m{bH$ {Zdoe h¢ & AñWm`r n«H¥${V Ho$ {Zdoem| Ho$ Abmdm XrK©H$m{bH$ {Zdoem| H$mo h«mg Ho$ {bE n«mdYmZ KQ>mH$a, bmJV na bm`m J`m h¡ & vuqîkaxh Zo CÕ¥V eoàm| Ho$ ~mµOma _yë` na âmogm H$aVo hþE eoàm|/ {S>µ~§oMam| Ho$ _yë` _| h«mg H$mo ñWm`r n«H¥${V Ho$ ê$n _| _mZm h¡ VWm AZwÕ¥V eoàm| Ho$ _m_bo _| ~hr _yë` /C{MV _yë`, XmoZm| _| Omo ^r A{YH$ hmo, H$mo _mZm J`m h¡ &

4.3 B§S> ~¢H$ hmCqgJ {b{_Qo>S>{Zdoem| H$mo Mmby {Zdoem| Am¡a XrK©H$m{bH$ {Zdoem| _| dJuH¥$V {H$`m J`m h¡ & amï´²«>r` Amdmg ~¢H$ Ho$ dV©_mZ {Xem{ZX}em| Ho$ AZwgma {Zdoem| H$m _yë`m§H$Z n«ËòH$ {Zdoe Ho$ {bE AbJ-AbJ bmJV go H$_Va na AWdm ~mµOma _yë` na {H$`m J`m h¡ &

4.4 B§S>\$µ§S> _oZoO_|Q> {b{_Qo>S> {Zdoem| H$mo bmJV _| {b`m J`m h¡ VWm Bg_| AmH$pñ_H$ n«^ma, ñQ¡>ån ewëH$ Am¡a Xbmbr Ohm§ bmJy hmo, em{_b h¡ & VWm{n aImd bmJV H$s VwbZm _| B©{¹$Q>r

{Zdoe Ho$ ~mµOma _yë` _| _yë`h«mg Ho$ {bE 100 n«{VeV n«mdYmZ {H$`m J`m h¡ &

5 A{J«_5.1 ^maVr` [aµOd© ~¢H$ Ûmam Omar {ddoH$nyU© _mZX§S>m| Ho$ AZwê$n,

^maV _| A{J«_m| H$mo CYmaH$Vm©dma _mZH$, Ad_mZH$, g§{X½Y VWm hm{Z dmbr AmpñV`m| Ho$ ê$n _| dJuH¥$V {H$`m OmVm h¡ &(i)F$U hm{Z`m| Ho$ {bE n«mdYmZ {H$E OmVo h¢ &(ii)_mZH$(iii) A{J«_m| Ho$ {bE gm_mÝ` n«mdYmZ {H$ò OmVo h¢ &

5.2 n«{V^y{V H$s CnbãYVm {Zanoj, S>r 2 g§dJ© H$s AmpñV`m| Ho$ {bE 100 n«{VeV n«mdYmZ {H$`m OmVm h¡ &

5.3 vkfLr;ksa ds voekud Js.kh ds fy,] izko/kku cdk;k esîk ij] ,d leku :i ls 20 izfr’kr ij fd;s tkrs gSa

5.4 {dXoer emImAm| Ho$ g§~§Y _|, Am` {ZYm©aU, AmpñV dJuH$aU VWm F$U hm{Z`m| Ho$ {bE ñWmZr` Amdí`H$VmAmo§ AWdm ^maVr` [aµOd© ~¢H$ Ho$ {ddoH$nyU© _mZX§S>, Omo ^r g»V h¢, Ho$ AZwgma n«mdYmZ {H$E OmVo h¢ &

5.5 n«H$Q>rH¥$V A{J«_, J¡oa-{ZînmXH$ AmpñV`m|, S>rAmB©grOrgr / B©grOrgr /grOrQ>rEgAmB© go n«má Xmdm| VWm b§{~V g_m`moOZ hoVw aIo, n«má wJVmZ VWm {d{dY ImVm| _| aIo, ã`mO bJm o OmZo `mo½` ImVm| _| eof, gh^m{JVm n«_mU nÌm| Ed§ nwZ… H$Q>m¡Vr dmbo _r`mXr {~bm| Ho$ {bE {H$E JE n«mdYmZm| H$mo KQ>mZo Ho$ ~mX {Zdb h¡§ &


169

v) All debentures/bonds, other than those which are in the nature of advances, are valued on the YTM basis.

vi) Treasury bills, Certifi cate of deposits and Commercial papers are valued at carrying cost.

vii) Units of Mutual Funds are valued at market price, if quoted; otherwise at lower of repurchase price or Net Asset Value (NAV). In case of funds with a lock-in period, where repurchase price / market quote is not available, units are valued at NAV, else valued at cost till the end of the lock-in period.

4.1.3 Investments by Foreign Branches are valued as per the practice prevailing in the respective countries.

4.1.4 Debentures and Bonds, where interest/principal is in arrears for more than 90 days are valued applying the prudential norms prescribed by RBI.

4.1.5 Brokerages / Commission / incentive received on subscriptions are deducted from the cost of securities. Brokerage / Commission / Stamp duty paid in connection with acquisition of securities are treated as revenue expenses.

4.1.6 Interest Rate Swap transactions for hedging are accounted on accrual basis and transactions for trading are marked to market at fortnightly intervals, in line with the RBI guidelines. The fair value of the total swaps is computed on the basis of the amount that would be received/ receivable or paid/ payable on termination of the swap agreements as on the balance sheet date. Losses arising there from, if any, are fully provided for, while the profi t, if any, is ignored. Gains or loss on termination of swaps is deferred and recognised over the shorter period of the remaining contractual life of the swap or the remaining life of the designated asset or liability.

4.1.7 Investments backed by guarantee of the Central Government though overdue are treated as Non Performing Asset (NPA) only when the Government repudiates its guarantee when invoked.

4.1.8 Investment in State Government guaranteed securities, which are not in the nature of ‘deemed advances’, are subjected to asset classifi cation and provisioning norms if interest/ installment of principal (including maturity proceeds) or any other amount due to the Bank remains unpaid for more than 90 days.

SUBSIDIARY COMPANIES:

4.2 INDBANK MERCHANT BANKING SERVICES LTD: The investments held are all long-term investments. Long term Investments are carried at cost less provision for

diminution, other than temporary in nature. The Subsidiary has reckoned diminution in value of shares / debentures as permanent in nature by relying on market value of quoted shares and book value/ fair value whichever is higher in respect of unquoted shares

4.3 INDBANK HOUSING LTD:Investments are classifi ed into current investments and long-term investments. Investments are valued at lower of cost or market value for each investment individually as per NHB guidelines in force.

4.4 INDFUND MANAGEMENT LTD:Investments are stated at cost including incidental charges, stamp duty and brokerage wherever applicable. However, 100% provision is made towards depreciation in the market value of the Equity investment as compared to the holding cost.

5. ADVANCES5.1 In accordance with the prudential norms issued by RBI: (i) advances in India are classifi ed into standard, sub-standard, doubtful and loss assets borrower-wise, (ii) provisions are made for loan losses, and (iii) general provision is made for standard advances.5.2 Provisions for D2 category of Assets are made at 100%, irrespective of availability of security.5.3 Provisions for Substandard category of Assets are made at 20% uniformly, on the balance outstanding.5.4 In respect of foreign branches, income recognition, asset classifi cation and provisioning for loan losses are

made as per local requirement or as per RBI prudential norms, whichever is more stringent.5.5 Advances disclosed are net of provisions made for non-performing assets, DICGC/ ECGC/ CGTSI claims

received and held pending adjustment, repayments received and kept in sundries account, balance in interest realisable account, participation certifi cates and usance bills rediscounted.

170

6 AMb AmpñV`m§/ _yë`h«mg

6.1 _yb g§ñWm …

6.1.1 n[aga VWm AÝ` AMb AmpñV`m| H$m {hgm~ CZH$s na§namJV bmJV / nwZ_y©ë`m§{H$V am{e Ho$ AmYma na bJm`m J`m h¡&

6.1.2 ^maV _| ^dZ (O_rZ H$s bmJV g{hV Ohm§± H$ht AbJ Zht {H$`m Om gH$Vm h¡/ AbJ Zht {H$`m J`m h¡,) VWm AÝ` AMb AmpñV`m| (H§$ß`yQ>a em{_b Zht ) na _yë`h«mg H$m n«mdYmZ H§$nZr A{Y{Z`_ 1956 H$s AZwgyMr XIV _| {Z{X©ï> Xam| Ho$ AZwgma grYr H$Q>m¡Vr n«Umbr go {H$`m J`m h¡&

6.1.3 H§$ß`yQ>am| Am¡a {Z~m©Y {~Obr Amny{V© {gñQ>_m| ( ynrEg ) na _yë`h«mg H$s JUZm grYr H$Q>m¡Vr n«Umbr _| ~hr _yë` na 33.33 n«{VeV n«{Vdf© Ho$ {hgm~ go H$s OmVr h¡&

6.1.4 df© Ho$ Xm¡amZ A{O©V {Z`V AmpñV`m| na _yë`h«mg, 30 {gV§~a H$mo `m CgHo$ nyd© A{O©V AmpñV`m| na nyU© 100 n«{VeV Xa go VWm CgHo$ ~mX A{O©V AmpñV`m| na nyU© Xa dh 50 n«{VeV go n«^m[aV {H$`m OmVm h¡&

6.1.5 nQ²>Qo> H$s µO_rZ na n«r{_`_ A{YJ«hU df© _| ny§OrH¥$V {H$`m OmVm h¡ Am¡a nQ²>Q>m Ad{Y _| n[aemo{YV {H$`m OmVm h¡&

6.1.6 {dXoer emImAm| _| AmpñV`m| Ho$ g§~§Y _| _yë`h«mg H$m n«mdYmZ g§~§{YV Xoem| _| n«M{bV nÕ{V Ho$ AZwgma {H$`m OmVm h¡&

6.1.7 ~¢qH$J go BVa AmpñV`m| (EZ~rE) Ho$ _m_bo _| H$moB© _yë`h«mg n«^m[aV Zht {H$`m OmVm h¡&

AZwf§Jr H§$n{Z`m± …

6.2 B§S> ~¢H$ _M|©Q> ~¢qH$J g{d©goµO {b{_Qo>S> …

6.2.1. AMb AmpñV`m§ AMb AmpñV`m| H$mo naånamJV bmJV na, g§{MV _yë`h«mg ,oa gkfu ¼;fn gks½ H$mo KQ>m H$a ~Vm`m OmVm h¡& nQ²>Qo> na br JB© AmpñV`m| H$mo ¼fnlacj

1997 ls iwoZ lafonkxr½ nQ²>Q>m g_m`moOZ ImVo _| eof Ho$ {bE nwZ… g_m`mo{OV {H$`m OmVm h¡&

6.2.2. _yë`h«mg

(H$) nQ²>Q>m AmpñV`m| H$mo N>mo‹S>H$a AÝ` AmpñV`m| na nQ²>Q>msa ij nh xbZ AmpñV`m| H$mo N>mo‹S>H$a AÝ` AmpñV`m| na AZwf§Jr, grYr H$Q>m¡Vr n«Umbr (SLM) na `WmZwnmV AmYma na, H§$nZr

A{Y{Z`_, 1956 H$s AZwgyMr XIV _| {ZYm©[aV Xam| na _yë`h«mg H$m n«mdYmZ H$aVr h¡ VWm {Og _hrZo _| AmpñV g§ñWm{nV H$s J`r h¡, Cgo nyU© _hrZm _mZm OmVm h¡& gmµâQ>do`a bmJVm| H$mo, CZHo$ AO©Z Ho$ df© go VrZ dfm|© H$s Ad{Y Ho$ {bE n[aemo{YV {H$`m OmVm h¡&

(I) nQ²>Q>m AmpñV`m| na nQ²>Q>m AmpñV`m| na H§$nZr, MCY;wMhoh nÕ{V na `WmZwnmV AmYma na, AZwf§Jr A{Y{Z`_, 1956 H$s AZwgyMr XIV _| {ZYm©[aV Xam|

na _yë`h«mg H$m n«mdYmZ H$aVr h¡ VWm {Og _hrZo _| AmpñV g§ñWm{nV H$s J`r ho, Cgo nyU© _hrZm _mZm OmVm h¡& ^maVr` gZXr boImH$mag§ñWmZ Ûmam Omar nQ²>Q>m| H$m boImH$aU na _mJ©Xe©Z ZmoQ> (g§emo{YV) Ho$ AZwgma nQ²>Q>m AmpñV`m| H$s bmJV H$mo nQ²>Qo> H$s Ad{Y Ho$ Xm¡amZ nyU©V… n[aemo{YV {H$`m OmVm h¡& gm§{d{YH$ _yë`h«mg Am¡a dm{f©H$ nQ²>Q>m n«^ma _| A§Va H$m g_m`moOZ, nQ²>Q>m g_H$aU Ho$ µO[aE {H$`m OmVm h¡, {OgH$m g_m`moOZ nQ²>Q>m Am` Ho$ gmW {H$`m OmVm h¡&

6.3 B§S> ~¢H$ hmCqgJ {b{_Qo>S> … AMb g§npËV`m| H$mo bmJV na ny§OrH¥$V {H$`m OmVm h¡ Am¡a bmJV go _yë`h«mg KQ>mH$a {XIm`m OmVm h¡& _yë`h«mg H$m n[aH$bZ H§$nZr A{Y{Z`_ 1956 H$s

AZwgyMr XIV _| Xr JB© Xam| na MCY;wMhoh nÕ{V go {H$`m OmVm h¡&

6.4 B§S> µ\§$S> _¡ZoO_|Q> {b{_Qo>S> …

6.4.1 AMb AmpñV`m± AMb g§npËV`m| H$mo CZHo$ AO©Z H$s bmJV VWm Eogo AO©Z _| hþE n«mg§{JH$ n«^ma H$mo Omo‹S>Vo hþE _yb bmJV na {XIm`m OmVm h¡&

6.4.2 _yë`h«mgH§$nZr A{Y{Z`_, 1956 H$s AZwgyMr XIV _| {ZYm©[aV Xam| na Am¡a nÕ{V _| grYr H$Q>m¡Vr n«Umbr na _yë`h«mg H$m n«mdYmZ {H$`m J`m h¡&


171

6. FIXED ASSETS / DEPRECIATION

6.1 PARENT

6.1.1 Premises and other fi xed assets are stated at historical cost/ revalued amount.

6.1.2 Depreciation on buildings (including cost of land wherever inseparable/ not segregated) and other fi xed assets (excluding computers) in India is provided for on the straight-line method at rates specifi ed in Schedule XIV to the Companies Act, 1956 and at the Bank determined rates based on Residual Life in the case of “Revalued Assets”.

6.1.3 Depreciation on computers and Uninterrupted Power Supply Systems (UPS) is provided at the rate of 33.33% per annum on Straight Line Method (SLM).

6.1.4 Depreciation on fi xed assets acquired on or before 30th September is charged at 100% of the prescribed rates and at 50% of the prescribed rates on the fi xed assets acquired thereafter.

6.1.5 Premium on leasehold land is capitalised in the year of acquisition and amortized over the year of lease.

6.1.6 Depreciation in respect of fi xed assets at foreign branches is provided as per the practice prevailing in the respective countries.

6.1.7 In respect of Non-Banking Assets (NBA) no depreciation is charged.


6.2 INDBANK MERCHANT BANKING SERVICES LTD

6.2.1 Fixed Assets

Fixed Assets are stated at historical cost less accumulated depreciation & provision for impairment (if any). Leased assets (Contracted prior to December 1997) are further adjusted for the balance in Lease adjustment account.

6.2.2 Depreciation

(a) On Assets other than leased assets

In respect of assets other than assets given on lease, the Subsidiary provides depreciation on the assets on the Straight Line Method (SLM) at the rates prescribed in Schedule XIV to the Companies Act, 1956, on pro-rata basis, the month in which the assets are installed taken as full month. Software costs are amortised on SLM over a period of three years, from the year of acquisition.

(b) On Leased assets

In respect of leased assets, the Subsidiary provides depreciation on the assets in the WDV method at the rates prescribed in schedule XIV to the Companies Act 1956 on pro-rata basis, the month in which the assets are installed taken as full month. The cost of the Leased Assets are amortised fully during the Lease period in accordance with the Guidance note on Accounting for Leases (revised) issued by the Institute of Chartered Accountants of India. The difference between the statutory depreciation and the annual lease charge is adjusted through the Lease Equalisation, which is adjusted with the lease income.

6.3 INDBANK HOUSING LTD

Fixed Assets are capitalised at cost and are stated at cost less depreciation. Depreciation is calculated on written down value method at the rates prescribed in schedule XIV to the Companies Act, 1956.

6.4 INDFUND MANAGEMENT LTD

6.4.1 Fixed Assets

Fixed Assets are stated at original cost of acquisition plus incidental charges incurred in connection with the acquisition.

6.4.2 Depreciation

Depreciation has been provided on straight-line method in the manner and at the rates provided in schedule XIV of the Companies Act, 1956.

172

7. amOñd A{^kmZ

7.1 _yb g§ñWm …

7.1.1 Am` Am¡a ì`` _Xm| H$mo, O~ VH$ AÝ`Wm Zht H$hm OmE, gm_mÝ`V… Cn{MV AmYma na {hgm~ _| {b`m OmVm h¡ &

7.1.2 µJ¡a {ZînmXH$ AmpñV`m|, gaH$ma Ûmam Jma§Q>rH¥$V Hw$N> AmpñV`m| (Ohm§ ã`mO {Z`{_V ê$n _| g{d©g Zht {H$`m OmVm h¡ ) bm^m§e Am`, ~r_m Xmdo, Omar {H$ò Jò gmI-nÌm| /Jma§Q>rnÌm|| na H$_reZ n[a`moOZm {dËV go BVa) IarXo JE {~bm| na A{V[aŠV ã`mO /A{VXo` n«^ma, bm°H$a {H$am`m Am{X go Am` H$mo CZH$s dgybr hmoZo na {hgm~ _| {b`m OmVm h¡ &

7.1.3 A{VXo` {dXoer {~bm| Ho$ _m_bo _|, ã`mO Am¡a AÝ` n«^mam| H$mo ^maVr` {dXoer _wX«m ì`mnmar g§K (µ\o$S>m`) Ho$ {Xem{ZX}em| Ho$ AZwgma {H«$ñQ>bmB©µOoeZ H$s VmarIµ VH$ _mZm OmVm h¡ &

AZwf§Jr H§$n{Z`m± :

7.2 B§S> ~¢H$ _M|©Q> ~¢qH$J g{d©goµO {b{_Qo>S>

7.2.1 Bí`w n«~§YZ ewëH$ Am¡a AÝ` n«~§YH$s` godmAm| Ho$ {bE ewëH$ - g_ZwXoeZ nyam hmoZo H$s VmarI H$mo _mZ {b`m OmVm h¡ &

7.2.2 {dËVr` CËnmXm| Ho$ {dVaU na hm_rXmar H$_reZ Am¡a ~«moH$aoO - A§eXmZ ã`m¡ao n«má hmoZo na CgH$m A{^kmZ {H$`m OmVm h¡ &

7.2.3 ñQ>mH$ ~«moqH$J n[aMmbZm| Ho$ AYrZ Xbmbr H$mo g§{dXm Ho$ nyam H$aZo na boIm§{H$V {H$`m OmVm h¡&

7.2.4 {H$am`m IarX boZXoZm| Ho$ g§~§Y _| {dËV n«^ma, ny§Or dgybr nÕ{V _| KQ>Vo eof AmYma na H$ama H$s Ad{Y VH$ n«^m{OV {H$E OmVo h¢ &

7.2.5 nQ²>Q>m {H$amò na nQ²>Q>m g§{dXmAm| Ho$ AZwgma {Z`V {XZm§H$m| na fopkj fd;k tkrk h¢ &

7.2.6 A§Va H$mnm}aoQ> vkSj vU; cSad O_mAm| na n«moX^yV ã`mO Omo{H$ Xo` Zht hþAm h¡, Eogr O_m aIZo H$s eVm|© Ho$ AZwgma {V_mhr AmYma na n[aH${bV {H$`m OmVm h¡&

7.2.7 A{VXo` nQ²>Q>m {H$am`m| na Am¡a {H$am`m IarX {H$ñVm| na ã`mO nmdVr AmYma na boI§m{H$V {H$`m OmVm h¡ &

7.2.8 ykHkka’k vk; dk vfHkKku rc fd;k tkrk gS] tc izkIr djus dk vf/kdkj LFkkfir fd;k tkrk gS A

7.3 B§S> ~¢H$ hmCqgJ {b{_Qo>S> …

7.3.1 Am` H$s nhMmZ Ed§ µJ¡a {ZînmXH$ AmpñV`m| Ho$ {bE n«mdYmZ hoVw H§$nZr, amï´>r` Amdmg ~¢H$ Ho$ {ddoH$nyU© _mZX§S>m| H$m AZwnmbZ H$aVr h¡ &

7.3.2 Amdmg F$Um| H$s dgybr, g_rH¥$V _m{gH$ {H$ñVm| (B©E_AmB©) _|, {OZ_| _ybam{e Am¡a ã`mO em{_b h¢, dgybr OmVr h¡§& g§~§{YV AY©-df© / df© Ho$ Ama§{^H$ eof na AY©-dm{f©H$ AmYma na ã`mO H$m n[aH$bZ {H$`m OmVm h¡& nyao F$U Ho$ {dVaU Ho$ ~mX B©E_AmB© Ama§^ hmoVr h¢& B©E_AmB© Ho$ n«ma§^ hmoZo Ho$ g_` VH$, B©E_AmB©-nyd© ã`mO Xo` h¡ VWm _m{gH$ AmYma na BgH$m A{^kmZ {H$`m OmVm h¡&

7.4 B§S> µ\§$S> _¡ZoO_|Q> {b{_Qo>S>

7.4.1 {Zdoe n«~§YZ VWm gbmhH$ma ewëH$ H$mo lap; Ho$ AmYma na bafM;u ~¢H$ å`yÀ`wdb µ\$ÊS> H$s nwZ…n«m{á `moOZmAm| Ho$ g§~§Y _| {V_mhr AmYma na Xo` Xmdm Z H$s JB© nwZ…n«m{á jkf’k;ksa H$m 0.5 n«{VeV dh nj ij, Omo{H$ n«ËòH$ H¡$boÝS>a {V_mhr H$s ewéAmV na ~H$m`m am{e na AmYm[aV h¡, {hgm~ _| {b`m OmVm h¡ &

7.4.2 bZfDoVh eoàm| na bm^m§e H$m boIm§H$Z ZH$X AmYma na {H$`m OmVm h¡ &

7.4.3 {ZînmXH$ {S>~|Mam| na ã`mO H$m boIm§H$Z Cn{MV AmYma na {H$`m OmVm h¡ & J¡a-{ZînmXH$ {S>~|Mam| na ã`mO, ZH$Xr AmYma na {hgm~ _| {b`m OmVm h¡ &

8. {Zdb bm^/hm{Z bm^ d hm{Z boIo _| Xem©`m J`m n[aUm_ {ZåZ{b{IV na {dMma H$aZo Ho$ níMmV² h¡

xSj fu• îiknd vfxzeksa vkSj/;k fuos’kksa ds fy, izko/kku_mZH$ A{J«_m| na gm_mÝ` n«mdYmZ•pñWa AmpñV`m| na _yë`h«mg Ho$ {bE n«mdYmZ•{Zdoem| na _yë`h«mg Ho$ {bE n«mdYmZ•


173

7 REVENUE RECOGNITION

7.1 PARENT

7.1.1 Income and expenditure are generally accounted for on accrual basis, unless otherwise stated.

7.1.2 Income from non-performing assets, certain Government guaranteed assets (where interest is not serviced regularly), dividend income, insurance claims, commission on letters of credit/ guarantees issued (other than those relating to project fi nance), additional interest/ overdue charges on bills purchased, locker rent, fi nance charges on credit cards etc. are accounted for, on realisation.

7.1.3 In case of overdue foreign bills, interest and other charges are recognised till the date of crystallisation as per FEDAI guidelines.

Subsidiary Companies:

7.2 INDBANK MERCHANT BANKING SERVICES LTD.

7.2.1 Issue Management Fee and fees for other managerial services - Considered on the completion of assignment.

7.2.2 Underwriting Commission and brokerage on distribution of fi nancial products - Considered on receipt of subscription particulars.

7.2.3 Brokerages under stock broking operations are accounted on completion of contract.

7.2.4 Finance charges in respect of Hire Purchase transactions are apportioned over the period of agreement by Capital Recovery Method on Reducing balance basis.

7.2.5 Lease rentals are considered on the due dates as per lease contracts.

7.2.6 Interest on Intercorporate and other bank deposits placed, which have accrued, but not due has been reckoned on a quarterly basis in accordance with the terms of placement.

7.2.7 Interest on overdue lease rentals and hire purchase instalments are accounted for on receipt basis.

7.2.8 Dividend income is recognized when the right to receive is established.

7.3 INDBANK HOUSING LTD.

7.3.1 NHB’s Prudential Norms for recognition of Income and Provisioning for Non Performing Assets have been followed.

7.3.2 Repayment of housing loans is by way of Equated Monthly Installments (EMI) comprising of principal and interest. Interest is calculated every half year on the opening balance at the beginning of the respective half year/year. EMI commences once the entire loan is disbursed. Pending commencement of EMI, pre-EMI interest payable is recognized every month.

7.4 INDFUND MANAGEMENT LTD.

7.4.1 Investment Management and Advisory Fees are accounted for on accrual basis in respect of redeemed schemes of Indian Bank Mutual Fund @ 0.5% of the unclaimed redemption proceeds, payable quarterly, based on outstanding amount at the beginning of each calendar quarter.

7.4.2 Dividend on Equity shares is accounted for on cash basis.

7.4.3 Interest on performing debentures is accounted for on accrual basis. Interest on non-performing debentures is accounted for on cash basis.

8. NET PROFIT / LOSS The result disclosed in the Profi t and Loss Account is after considering: - Provision for Non Performing Advances and/ or Investments - General provision on Standard Advances - Provision for Depreciation on Fixed Assets - Provision for Depreciation on Investments

174

AmH$pñ_H$Vm {Z{Y H$mo / go A§VaU•gm§{d{YH$ Amdí`H$VmAm| Ho$ AZwê$n n«Ë`j H$am| Ho$ {bE n«mdYmZ•gm_mÝ` `m/Am¡a AÝ` Amdí`H$ n«mdYmZ•

9. ñQ>mµ\$ godm{Zd¥pËV bm^

9.1 _yb g§ñWm

9.1.1 n|eZ {Z{Y d J«oÀ`w{Q> {Z{Y _| dm{f©H$ A§eXmZm| H$m {ZYm©aU, {ZåZmZwgma {H$`m OmVm h¡ VWm CZHo$ {bE n«mdYmZ {H$`m OmVm h¡ …

i) ^maV _| ~r_m§{H$H$ _yë`m§H$Z Ho$ AmYma na hmoVm h¡ Am¡a H«$_e… AZw_mo{XV n|eZ \§µ$S> Am¡a J«¡À`w{Q> µ\§$S> _| A§eXmZ {H$`m OmVm h¡ , Am¡a

ii) {dXoer emImAm| Ho$ g§~§Y _| dhm± Ho$ ñWmZr` H$mZyZm| Ho$ AZwgma {H$`m OmVm h¡&

9.1.2 ñQ>mµ\$ gXñ`m| Ho$ {bE Nw>Q²>Q>r ^wZmB© H$m bm^ ~r_m§{H$H$ AmYma na {hgm~ _| {b`m OmVm h¡ &

9.1.3 ~r_m§{H$H$ _yë`m§H$Z Ho$ AZwgma {ZYm©[aV H$_©Mmas bm^m| go g§~§{YV n[adVu Xo`Vm H$mo AmB©grEAmB© Ûmam Omaro g§emo{YV boIm§H$Z _mZH$ 15 (EEg 15)H$s eVm©| Ho$ AZwgma nm§M dfm©| H$s Ad{Y _| ~Q²>Q>m ImVm S>mbm OmVm h¡&

AZwf§Jr H§$n{Z`m±

9.2 B§S> ~¢H$ _M|©Q> ~¢qH$J godmE§ {b. …

9.2.1 B§{S>`Z ~¢H$ go n«{V{Z`wŠV ñQ>mµ\$ Ho$ {bE godm{Zd¥pËV bm^m| H$s Xo`Vm H$m dhZ, B§{S>`Z ~¢H$ H$aVm h¡&

9.2.2 J«oÀ`w{Q> - J«oÀ`w{Q>, Omo{H$ Ah© H$_©Mm[a`m| H$mo H$da H$aZodmbr EH$ n[a^m{fV godm{Zd¥pËV bm^ Am`moOZm h¡ Ho$ n«{V AZwf§Jr H$m Xm{`Ëd h¡& Am`moOZm _| godm{Zd¥pËV, {Z`moOZ _| ahVo _¥Ë`w AWdm {Z`moOZ g_mnZ na {Z{hV H$_©Mm[a`m| H$mo g_má n«Ë`oH$ df© Ho$ {bE 15 {XZm| Ho$ doVZ Ho$ ~am~a H$s am{e H$m n«mdYmZ h¡& nm§M dfm©| H$s godm H$s g_m{á na dopñQ§>J ewê$ hmoVr h¡& Ý`mg Ho$ ê$n _| ñWm{nV J«oÀ`w{Q> {Z{Y H$mo AZwf§Jr ^maVr` OrdZ ~r_m {ZJ_ Ho$ gmW g_yh J«¡À`wB{Q> nm°{bgr Ho$ µO[aE dm{f©H$ A§eXmZ XoVr h¡&

9.2.3 ^{dî` {Z{Y - AZwf§Jr Ho$ Ah© H$_©Mmar, ^{dî` {Z{Y Omo{H$ EH$ n[a^m{fV A§eXmZ Am`moOZm h¡ Ho$ VhV bm^ n«má H$aZo hoVw hµH$Xma h¢ {Og_| H$da {H$E JE H$_©Mmar Ho$ doVZ Ho$ EH$ {Z{X©ï> n«{VeV na XmoZm| H$_©Mmar Ed§ AZwf§Jr A§eXmZ H$aVo h¢, {d{Y Ho$ VhV `Wm {Z{X©ï> A§eXmZ ^{dî` {Z{Y H$mo Am¡a ^{dî` {Z{Y n«m{YH$m[a`m| Ho$ gmW n|eZ {Z{Y H$mo AXm {H$E OmZo h¢&

9.2.4 Nw>Q²>Q>r H$s ^wZmB© … B§{S>`Z ~¢H$ go n«{V{Z`wŠV ñQ>mµ\$ go AÝ` H$_©Mm[a`m| H$s Nw>Q²>Q>r H$s ^wZmB© H$s Xo`Vm Ho$ {bE, n«Ë oH$ VwbZ nÌ H$s VmarI na Z br JB© Nw>Q²>Q>r Ho$ {XZm| Ho$ AmYma na ~r_m§{H$H$ AmYma na n«mdYmZ {H$`m J`m h¡&

9.2.5 bafM;u cSad ls izfrfu;qfDr ij jgs LVkQ dh lsokfuo`fRr ykHk ns;rk ;ksX; Hkfoî`fuf/k va’knku ds vykok bafM;u cSad }kjk ogu dh tkrh gSA

9.3 B§S>~¢H$ hmCqgJ {b{_Qo>S> …

9.3.1 ^{dî` {Z{Y _| A§eXmZ, joÌr` ^{dî` {Z{Y Am`wŠV Ho$ nmg {H$E OmVo h¢&

9.3.2 J«yn J«oÀ`w{Q> `moOZm Ho$ AÝVJ©V J{R>V Ý`mg Ûmam J«oÀ`w{Q> Xo`Vm H$da {H$`m OmVm h¡& Ý`mg Zo ^maVr` OrdZ ~r_m {ZJ_ go g_yh J«oÀ`w{Q> nm°{bgr IarXr h¡ Am¡a dm{f©H$ n«r{_`_, Ý`mg Ho$ µO[aE AXm {H$`m OmVm h¡&

9.3.3 Nw>Q²>Q>r H$s ^wZmB© H$s Xo`Vm Ho$ {bE ~r_m§{H$H$ AmYma na n«mdYmZ {H$`m OmVm h¡&9.4 B§S>µ\$ÊS> _oZoO_|Q> {b{_Qo>S> …

H§$nZr Ho$ ñQ>m°µ\$, B§{S>`Z ~¢H$ go n«{V{Z`wŠV h¢& My±{H$ g§nyU© godm{Zd¥pËV Ho$ bm^ _yb g§ñWmZ Ûmam AXm {H$E OmVo h¢, n«{V{Z`wŠV H$_©Mm[a`m| H$s godm{Zd¥pËV na Xo` J«oMw{dQ>r Ed§ Nw>Q²>Q>r ^wZmB© Ho$ {bE H$moB© n«mdYmZ Zht {H$`m OmVm&

10. CYma bmJV| B§S> ~¢H$ _M|©Q> ~¢qH$J g{d©gst {b. Ho$ _m_bo _| {OZ CYma bmJVm| go H§$nZr H$mo ^{dî` _| Am{W©H$ bm^ hmoZo H$s g§^mdZm h¡, CÝh| Ah©H$mar AmpñV H$s bmJV Ho$ {hñgo Ho$

ê$n _| ny±§OrH¥$V {H$`m J`m h¡ & AÝ` CYma bmJV| {Og Ad{Y Ho$ Xm¡amZ IµM© hþB© h¢, CÝh| ì`` Ho$ ê$n _| dJuH¥$V {H$`m J`m h¡ &


175

- Transfer to/ from Contingency Fund - Provision for direct taxes in accordance with statutory requirements - Usual or/and other necessary provisions

9. STAFF RETIREMENT BENEFITS

9.1 PARENT

9.1.1 Annual contributions to Pension Fund and Gratuity Fund are determined and provided for:

(i) On the basis of actuarial valuation and contribution to approved Pension Fund and Gratuity Fund respectively in India, and

(ii) As per the local laws in respect of foreign branches.

9.1.2 Leave encashment benefi t for employees is accounted for on actuarial basis.

9.1.3 Transitional liability relating to employee benefi ts determined as per actuarial valuation is written off over a period of fi ve years in terms of Revised Accounting Standard 15 (AS -15), “Employee Benefi ts”, issued by ICAI.


9.2 INDBANK MERCHANT BANKING SERVICES LTD.

9.2.1 Short Term employee benefi ts/ obligations are estimated and provided for.

9.2.2 Gratuity – The Subsidiary has an obligation towards gratuity, a defi ned benefi t retirement plan covering eligible employees. The plan provides for a lumpsum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to 15 days’ salary payable for each completed year of service. Vesting occurs upon completion of fi ve years of service. The Subsidiary makes annual contribution to gratuity fund established as a Trust through a Group Gratuity Policy with Life Insurance Corporation of India. The Subsidiary’s liability towards Gratuity is actuarially determined at balance sheet date using the Projected Unit Credit (PUC) method. Actuarial gains and losses are recognized in revenue.

9.2.3 Provident Fund – The eligible employees of the Subsidiary are entitled to receive benefi ts under Provident Fund, a defi ned contribution plan in which both employees and the Subsidiary make monthly contributions at a specifi ed percentage of the covered employees salary, the contributions as specifi ed under the Law are paid to the Provident fund and pension fund with the provident fund authorities.

9.2.4 Leave encashment - The eligible Leave encashment liability to the employees other than those deputed by Indian Bank has been provided for on the basis of actuarial valuation based on number of days un-utilised leave at each balance sheet date.

9.2.5 The retirement benefi t liability to staff on deputation from Indian Bank is borne by Indian Bank except eligible Provident Fund contribution.

9.3 INDBANK HOUSING LTD. 9.3.1 Contribution to Provident Funds is made to the Regional Provident Fund Commissioner.9.3.2 The Gratuity liability is covered by Trust formed under the Group Gratuity Scheme. The trust has purchased a Group

Gratuity policy from LIC and the annual premium is paid through the Trust.9.3.3 Liability for leave encashment is provided for on actuarial basis.

9.4 INDFUND MANAGEMENT LTD. The staff of the Subsidiary are on deputation from Indian Bank. Liability towards Gratuity and leave encashment payable at the time of retirement of deputed employees is not provided for since the entire retirement benefi ts are paid by the Parent.

10. BORROWING COSTSIn respect of Indbank Merchant Banking Services Ltd. - Borrowing costs are capitalised as part of the cost of a qualifying asset when it will result in future economic benefi ts to the Company. Other borrowing costs are recognised as an expense in the year in which they are incurred.

176

11. AmH$pñ_H$ Xo`VmE± Am¡a n«mdYmZ … nhbo {H$E JE H$m`©H$bmn, {OZgo dV©_mZ _| `m g§^mì` ~mÜ`VmE± hmo gH$Vr h¢, H$mo AmH$pñ_H$ Xo`Vm _mZm OmVm h¡& dV©_mZ ~mÜ`VmAm| Ho$ g§~§Y _|, Ohm± {dídgZr`

AmH$bZ {H$`m Om gH$Vm h¡ Am¡a Eogr ~mÜ`VmAm| Ho$ {ZnQ>mZ Ho$ {bE Am{W©H$ bm^ Ho$ gmW {Z{Y H$m laHkkO; ~mhar n«dmh {Z{hV h¡, dhm± n«mdYmZ H$s nhMmZ H$s OmVr h¡&

12. AmpñV`m| H$mo j{V … j{V gkfu;ka (`{X hmo), H$s nhMmZ ^maVr` gZXr boImH$ma g§ñWmZ (AmB©gr,AmB©) Ûmam Bg g§~§Y _| Omar boImH$aU _mZH$ Ho$ AZwê$n H$s OmVr h¡&

13. Am` na H$a …13.1 H$a hoVw n«mdYmZ, Mmby H$a VWm AmñW{JV H$a XmoZm| Ho$ {bE (Ý`yZV_ d¡H$pënH$ H$a-E_EQ>r H$mo em{_b H$aHo$) {H$`m OmVm h¡&13.2 n«`moÁ` H$a Xa|, H$a {Z`_ Am¡a AZwHy$b Ý`m{`H$ {ZU©` / {d{YH$ jk; H$m Cn`moJ H$aVo hþE H$a n«m{YH$m[a`m| H$mo Xo` AmH${bV am{e Ho$ AmYma na dV©_mZ H$a H$m

AmH$bZ {H$`m OmVm h¡&13.3 AmñW{JV H$a AmpñV`m§ Am¡a Xo`VmE§ Omo{H$ g_` Ho$ µ\$aµH$ Ho$ H$maU CËnÝZ hþE h¢ Am¡a Omo{H$ ~mX Ho$ dfm©| _| n«Ë`mdV©Z H$s j_Vm aIVo h¢ H$mo VwbZ nÌ H$s VmarI

VH$ AWdm ~mX _| V¡`ma {H$E JE H$a Xam| d H$a H$mZyZm| H$m n«`moJ H$aHo$ A{^nhMm{ZV {H$`m OmVm h¡& AmñW{JV H$a AmpñV`mo§ H$mo V~ VH$ A{^nhMm{ZV Zhr {H$`m OmVm h¡ O~ VH$ {H$ ˝ Agbr {ZpíMVVm ˝ hmo OmE {H$ n`m©á ^mdr H$a `mo½` Am` CËnÝZ hmoJr {OgHo$ {déÕ Eogr AmñW{JV H$a AmpñV`mo§ H$mo mJmhm Om gHo$&

14 n[aMmbZm| H$mo ~ÝX H$aZm …

B§S> ~¢H$ _M|©Q> ~¢qH$J g{d©gog {b. Ho$ g§~§Y _| n[aMmbZm| H$mo ~ÝX H$aZo Ho$ {bE AnZm`r OmZodmbr boIm§H$Z Zr{V`m±, n[aMmbZm| H$mo Omar aIZo Ho$ {bE AnZm`r OmZodmbr boIm§H$Z Zr{V`m| Ho$ g_Zwê$n h¢&



(M.No. 205869) (M.No. 051979) (M.No. 201754)



(M.No. 97289) (M.No. 26590) (M.No. 23998)

ñWmZ … MoÝZ¡ {XZm§H$ … 19.05.2009



ys[kk ijh{kd


177

11. CONTINGENT LIABILITIES AND PROVISIONS

Past events leading to, possible or present obligations are treated as contingent liability. Provision is recognised in case of present obligations where a reliable estimate can be made and/or where there are probable outfl ow of resources embodying forgoing of economic benefi ts to settle the obligations.

12. IMPAIRMENT OF ASSETS Impairment losses, if any, are recognised in accordance with the Accounting Standard (AS) -28 issued in this regard

by the Institute of Chartered Accountants of India (ICAI).

13. TAXES ON INCOME

13.1 Provision for tax is made for both Current Tax (including Minimum Alternate Tax – MAT) and Deferred Tax.

13.2 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 opinion.

13.3 Deferred Tax Assets and Liabilities arising on account of timing differences and which are capable of reversal in subsequent period are recognised using the tax rates and tax laws that have been enacted or substantively enacted till the date of the Balance Sheet. Deferred Tax Assets are not recognised unless there is “virtual certainty” that suffi cient future taxable income will be available against which such deferred tax assets will be realised.

14. DISCONTINUING OPERATIONS

In respect of Indbank Merchant Banking Services Ltd., accounting policies adopted for discontinuing operations are in line with the accounting policies adopted for continuing operations.



(M.No. 205869) (M.No. 051979) (M.No. 201754)

For P. L. MITTAL & CO., For VISWANATHAN & SWAMINATHAN For GANESAN AND COMPANY Chartered Accountants Chartered Accountants Chartered Accountants


(M.No. 97289) (M.No. 26590) (M.No. 23998)



DIRECTORS:


AUDITORS:

178

boIm narjH$m| H$s [anmoQ©>

godm _|

B§{S>`Z ~¢H$ Ho$ {ZXoeH$ _§S>b H$mo B§{S>`Z ~¢H$] CgH$s AZwf§{J`m| o lg;ksfx;ksa dh g_o{H$V {dËVr` foojf.k;ksa ij -

1.h_Zo B§{S>`Z ~¢H$ VWm CgH$s AZwf§{J`m| o lg;ksfx;ksa (cSad) Ho$ 31 _mM© 2009 VH$ Ho$ g§b¾ g_o{H$V VwbZ-nÌ Ed§ Cggo AZw~Õ Cgr VmarI H$mo g_má bm^ hm{Z boIm d g_o{H$V ZH$Xr n«dmh {ddaUr H$s Om§M H$s h¡& {dËVr` {dda{U`m± H$m g_oH$Z B§{S>`Z ~¢H$ n«~§YZ H$m Xm{`Ëd h¢& h_mar {Oå_oXmar AnZr boIm narjm Ho$ AmYma na BZ {dËVr` {dda{U`m| na _V n«H$Q> H$aZm h¡&

2.h_Zo ^maV _| Am_ Vm¡a na ñdrH¥$V boIm narjm Ho$ _mZH$m| Ho$ AZwgma AnZr boIm narjm H$s h¡& CZ _mZH$m| Ho$ {bE Oê$ar h¡ {H$ h_ Bg n«H$ma `moOZm ~ZmE± Am¡a boIm narjm H$a| Vm{H$ C{MV AmídmgZ nm gH|$ {H$ {dËVr` {dda{U`m± fof; oLrq dh JbV OmZH$mar go _wŠV h¢& boIm narjm _| Om±M Ho$ AmYma na {dËVr` {dda{U`m| _| am{e`m| Am¡a n«H$Q>rH$aUm| H$m g_W©Z H$aZodmbo gmú`m| H$s narjm em{_b h¡& boIm narjm _| n«`wŠV boImH$aU {gÚmÝVm| Am¡a n«~§YZ Ûmam {H$E JE _hËdnyU© n«mŠH$bZm| H$m {ZYm©aU VWm g_J« ê$n go {dËVr` {ddaU Ho$ n«ñVwVrH$aU H$m _yë`m§H$Z r em{_b h¡& h_| `H$sZ h¡ {H$ h_mah boIm narjm h_mao _V hsVw C{MV AmYma n«XmZ H$aVh hS&

3.AZwf§{J`m| H$s {dËVr` {dda{U`m| µH$s boIm narjm AÝ` boIm narjH$m| Ûmam H$s J`r h¡ {OgH$s [anmoQ©> h_| n«ñVwV H$s J`r h¡ VWm Ohm± VH$ AZwf§{J`m| Ho$ g§~§Y _| em{_b H$s JB© am{e go g§~§{YV h_mar am` h¡, og iw.kZr% AÝ` boIm narjm H$s [anmoQ©> na AmYm[aV h¡&

4. bZfDoVh i)fr ds rgr lg;ksfx;ksa esa bafM;u cSad ds fuos’k ewY; dks fuxfer djus ds fy,] geus nks lg;ksfx;ksa dh foRrh; foojf.k;ksa ij Hkh fopkj fd;k gSA

5. h_ [anmoQ©> H$aVo h¢ {H$ ~¢H$ Ûmam g_o{H$V {dËVr` {ddaU ^maVr` gZXr boImH$ma g§ñWmZ Ûmam Omar boImH$aU _mZH$ (EEg) 21 ‛‛g_o{H$V {dËVr` {ddaU′′vkSj,-,l-23&^^lesfdr foRrh; fooj.kksa esa lg;ksfx;ksa esa fuos’k gsrq ys[kkadu** H$s Amdí`H$VmAm| Ho$ AZwgma Ed§ ^maVr` [aµOd© ~¢H$ Ûmam CgHo$ n[anÌ g§. S>r~rAmoS>r g§.~rnr.~rgr 72/21.-4.018/2002-03 {XZm§H$ 25.02.2003Ûmam Omar {Xem{ZX}em| Ho$ AmYma na V¡`ma {H$E JE h¢ &

6. gekjh ys[kkijh{kk vkSj i`Fkd foRrh; fooj.kksa rFkk la?kVdksa dh vU; foRrh; tkudkjh ij vU; ys[kk ijh{kdksa dh fjiksZVksa ij fopkj djds vkSj gekjh loksZRre tkudkjh ,oa gesa fn, x, ñnï>rH$aUksa ds vuqlkj rFkk mi;qZDr iSjk 3 ,oa 4 ds v/;/khu gekjh jk; gS fd layXu lesfdr foRrh; fooj.k Hkkjr esa lkekU;r% Lohd`r ys[kk iz.kkfy;ksa ds leuq:i lgh ,oa okLrfod fp= izdV djrs gSaA

i) lesfdr rqyu&i= ds ekeys esa ;g 31 ekpZ 2009 dks cSad ds $g_o{H$V H$m`mªo dk

ii) lesfdr ykHk o gkfu ys[ks ds ekeys esa ml rkjh[k dks cSad dk bm^ ] vkSj

iii) g_o{H$V ZH$Xr n«dmh {ddaU ds ekeys esa lesfdr foRrh; fooj.k ÛmamH$da H$s JB© Ad{Y Ho$ {bE ~¢H$ ds ZH$Xr n«dmh H$m A

Ama n«H$megmPoXma

(E_ g 205869)

H¥$Vo nr.Eb {_ËVb E§S> H§$.gZXr boImH$ma

H¥$Vo {dídZmWZ E§S> ñdm_rZmWZgZXr boImH$ma

H¥$Vo x.kslu ,aM da-gZXr boImH$ma

YraO {_ËVb gmPoXma

(E_ g 97289)

dr eksgugmPoXma

(E_ g 26590)

,l- ñdm_rZmWZgmPoXma

(E_ g 23998)

ñWmZ… MoÝZ¡{XZm§H$ … 19.5.2009

H¥$Vo Ama gw~«_{U`Z E§S> H§$.gZXr boImH$ma

H¥$Vo Ama Jmonmb E§S>> Agmo{g`oQ²>ggZXr boImH$ma

H¥$Vo J«ÝYr E§S> H§$.gZXr boImH$ma

Ama nr AJ«dmbgmPoXma

(E_ g 051979)

Zaoe MÝX« Jo„r drgmPoXma

(E_ g 201754)


179

AUDITORS’ REPORT

1. We have examined the attached Consolidated Balance Sheet of Indian Bank, its subsidiaries and associates (the Bank) as at 31st March, 2009, the Consolidated Profi t and Loss account for the year ended on that date annexed thereto and the consolidated Cash Flow statement for the year ended on that date. The consolidation of fi nancial statements is the responsibility of the Indian Bank’s management. Our responsibility is to express an opinion on these fi nancial statements based on our audit.

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free from material mis-statements. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the fi nancial statements. An audit also includes assessing the accounting principles used and signifi cant estimates made by the management, as well as evaluating the overall fi nancial statements presentation. We believe that our audit provides a reasonable basis for our opinion.

3. The fi nancial statements of the subsidiaries have been audited by other auditors whose reports have been furnished to us and our opinion, in so far as it relates to the amount included in respect of the subsidiaries, is based solely on the report of the other auditors.

4. We have also considered the fi nancial statements of two Associates for incorporating the Investment value of Indian Bank in Associates under Equity Method.

To

THE BOARD OF DIRECTORS OF INDIAN BANK ON THE CONSOLIDATED FINANCIAL STATEMENTS OF INDIAN BANK, ITS SUBSIDIARIES AND ASSOCIATES

5. We report that the consolidated fi nancial statements have been prepared by the Bank in accordance with the requirements of Accounting Standard (AS) 21 “Consolidated Financial Statements” and AS 23 – “Accounting for Investments in Associates in Consolidated Financial Statements” issued by the Institute of Chartered Accountants of India, and the guidelines issued by Reserve Bank of India vide it’s circular No. DBOD.No.BP.BC.72/21.-4.018/2002-03 dated 25.02.2003.

6. Based on our audit and on consideration of reports of other auditors on separate fi nancial statements and on the other fi nancial information of the components, and to the best of our information and according to the explanations given to us and subject to paragraphs 3 & 4 above, 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 consolidated state of affairs of the Bank as on 31st March 2009;

ii) In the case of the Consolidated Profi t & Loss Account, of the Profi t of the Bank on that date, and

iii) In the case of Consolidated Cash Flow Statement, of the cash fl ows of the Bank for the year covered by the Consolidated Financial Statements.

For R. SUBRAMANIAN AND COMPANY For R. GOPAL & ASSOCIATES For GRANDHY & CO., Chartered Accountants Chartered Accountants Chartered Accountants

R. Prakash R. P. Agarwal Naresh Chandra Gelli V Partner Partner Partner (M.No. 205869) (M.No. 051979) (M.No. 201754) For P. L. MITTAL & CO., For VISWANATHAN & SWAMINATHAN For GANESAN AND COMPANY Chartered Accountants Chartered Accountants Chartered Accountants

Dhiraj Mittal V. Mohan S. Swaminathan Partner Partner Partner (M.No. 97289) (M.No.26590) (M.No. 23998)

Place : ChennaiDate : 19.05.2009

180

^maVr` [aµOd© ~¢H$ Ûmam `Wm {Z{X©ï> ~ogb-II Amdí`H$VmAm| Ho$AZwnmbZ Ho$ g§~§Y _| A{V[aŠV n«H$Q>rH$aU

gmaUr S>rEµ\$ - 1Cn`moJ joÌ

JwUmË_H$ n«H$Q>rH$aU`h T>m§Mm B§{S>`Z ~¢H$ na bmJy hmoVm h¡

i) g§emo{YV ny±Or n`m©áVm _mZX§S> (~ogb-II ñV§^ 3 H$s Amdí`H$VmAm| Ho$ g_Zwê$n) EH$b ñVa _| (gmd©^m¡{_H$ pñW{V) B§{S>`Z ~¢H$ na bmJy homVo h¢&

ii) g_o{H$V {dËVr` {ddaU Eo{Vhm{gH$ bmJV n«Wm na Mmby CnH«$_ g§H$ënZm Ho$ AmYma na V¡`ma {H$E OmVo h¢ VWm ^maVr` emImAm| Ho$ g§~§Y _| ^maV _| n«M{bV gm§{d{YH$ n«mdYmZ Ed§ nÕ{V`m| Ho$ AZwê$n h¢ VWm {dXoe pñWV emImAm| Ho$ g§~§Y _| AÝ`Wm Z ~Vmò OmZo na Cg Xoe _| n«M{bV gm§{d{YH$ n«mdYmZm| Ed§ nÕ{V`m| Ho$ AZwê$n h¡&

iii) ~¢H$ H$s {ZåZ{b{IV VrZ AZwf§{J`m§ h¡ `Wm (H$) B§S> ~¢H$ hmCqgJ {b., (I) B§S> ~¢H$ _M|©Q> ~¢qH$J g{d©goµO {b{_Qo>S> (J) B§S> µ\§$S> _oZoO_|Q> {b{_Qo>S> vkSjrhu vlksfl,V gS] ;Fkk i) iYyou xzke cSad] ii) lIrfxfj xzkeh.k cSad vkSj iii) iqnqoS Hkkjfr;kj xzke cSad

g_yh Ho$ (_yb g§ñWm Ed§ CgH$s AZwf§{J`m§§) g_o{H$V {dËVr` {ddaU, B§{S>`Z ~¢H$ (_yb g§ñWm) Am¡a CgH$s AZwf§{J`m§, B§{S>`Z ~¢H$ Ho$ boIm nar{jV {dËVr` {ddaUm| Ho$ AmYma na, AmpñV`m|, Xo`VmAm|, Am` d ì`` H$s EH$ O¡gr _Xm| H$mo EH$ gmW OmoS>H$a, bmBZ Xa bmBZ AmYma na {_bmVo hþE A§Va g_yh boZXoZm| H$mo Ed§ n«má Z {H$E JE bm^ / hm{Z`m| H$mo N>mo‹S>H$a Am¡a EH$ g_mZ boIm§H$Z Zr{V Ho$ AZwgma `Wmdí`H$ g_m`moOZ H$aZo Ho$ ~mX V¡`ma {H$ò Jò h¢& _yb g§ñWm H$s [anmo{Q©>J VmarI, `Wm 31 _mM© 2008 Ho$ {bE hr AZwf§{J`m| Ho$ {dËVr` {ddaU ^r ~ZmE JE h¢&

_yb H§$nZr H$mo AmZwf§{JH$ g§ñWm _| {Zdoe Ho$ {bE hþB© bmJV Am¡a AO©Z H$s VmarI H$mo AZwf§Jr g§ñWm _| _yb H§$nZr Ho$ B©{¹$Q>r {hñgo _| A§Va H$mo {dËVr` {ddaU _| ny§Or [aOd© Ho$ ê$n _| {b`m OmVm h¡& AO©Z Ho$ ~mX Ho$ bm^ / hm{Z`m| _| _yb H§$nZr Ho$ eoà H$m g_m`moOZ, amOñd [aµOd© Ho$ gmW {H$`m OmVm h¡&AZwf§Jr g§ñWm Ho$ n[aMmbZ Ho$ {Zdb n[aUm_ Am¡a AmpñV _| Jm¡U A§e go bm^ Ed§ {Zdb AmpñV`m| H$m dh A§e X²`mo{VV h¡ Omo Jm¡U A§em| H$mo Xo` h¡&ys[kkdj.k ekud (,,l)& 23 ] tks fd vlksfl,V ds ys[kk ijhf{kr foRRkh; fooj.kksa ds vk/kkj ij vkbZlh,vkbZ }kjk tkjh “lesfdr foRrh; fooj.kksa esa vlksfl,V esa fuos’kksa ds fy, ys[kkdj.k” ds vuqlkj vuqfafx;ksa esa fuos’kksa dks bZfDoVh rjhds ds vanj ys[kkc) fd;k tkrk gSA

n[a_mUmË_H$ n«H$Q>rH$aU bmJy Zht

gmaUr S>rEµ\$ - 2ny§Or g§aMZm

JwUmË_H$ n«H$Q>rH$aU …

H$) {Q>à-I ny§Or _| B©{¹$Q>r eoà ny§Or Am¡a n{n©À`wAb µJ¡a g§M`r A{Y_mÝ` eoà ny§Or em{_b h¡ rFkk [aµOd© ftlesa, gm§{d{YH$ [aµOµd©, ny§Or Ed§ amOñd [aµOd©, eoà n«r{_`_ Am¡a bm^ d hm{Z boIo _o§ eofam{e em{_b h¡&

I) {Q>à-2 ny§Or _| nwZ_y©ë`m§H$Z [aµOd©, {Q>à-II ~m§S> - 6.15% Am¡a 6.25% ij g~Am{S©>ZoQo>S> F$U Ed§ gm_mÝ` n«mdYmZ em{_b h¢&

n[a_mUmË_H$ n«H$Q>rH$aU : 31.03.2009 H$mo (EH$b gmd©^m¡{_H$ pñW{V){Q>à-I ny§Or (é. H$amo‹S>m| _|)

n«XËV bZfDoVh eoà ny§Or 429.77

n{n©ÀAb J¡a g§§M`r A{Y_mÝ` eoà ny§Or 400.00

[aµOd© 5035.17

Hw$b {Q>à - I 5864.94


181

ADDITIONAL DISCLOSURES IN TERMS OF COMPLIANCE OF BASEL II REQUIREMENTS AS STIPULATED BY RESERVE BANK OF INDIA

Table DF – 1Scope of Application

Qualitative DisclosuresThe framework applies to Indian Banki) The revised capital adequacy norms (in conformity with Basel II – Pillar 3 requirements) applies to Indian Bank at the

solo level (global position).ii) The fi nancial statements are prepared by following the going concern concept on historical cost convention and

conform to the statutory provisions and practices prevailing in India in respect of Indian branches and in respect of foreign branches as per statutory provisions and practices prevailing in the respective countries, unless otherwise stated.

iii) The Bank has the following three subsidiaries namely (a) IndBank Merchant Banking Services Ltd, (b) Ind Bank Housing Ltd. and (c) Indfund Management Ltd. and three associates namely (i) Pallavan Grama Bank, (ii) Saptagiri Grameena Bank and (iii) Puduvai Bharathiar Grama Bank

Consolidated fi nancial statements of the group (parent, its subsidiaries and associates) have been prepared on the basis of audited fi nancial statements of Indian Bank (parent) and its subsidiaries, combined on line by line basis adding together like items of assets, liabilities, income and expenses, after eliminating intra group transactions and unrealized profi t / losses and making necessary adjustments wherever required to conform to the uniform accounting policies. The fi nancial statements of the subsidiaries are drawn up the same reporting date of the parent.

The difference between the cost to the parent of its investment in subsisidary entity and the parent’s portion of its equity in the subsidiary with reference to the date of acquisition is recognized in the fi nancial statements as Capital reserve and Goodwill. The parent’s share of the post acquisition of profi ts / losses is adjusted against the Revenue Reserve.

The minority interest in the net result of the operation and the asset of the subsidiary, represent that part of profi t and the net asset attributable to the minorities.

Investments in Associates are accounted for under Equity method as per Accounting Standards (AS) – 23 “Accounting for investments in Associates in Consolidated Financial Statements” issued by ICAI based on the audited Financial Statements of the Associates.

Quantitative Disclosures NA

Tabel DF – 2Capital Structure

Qualitative Disclosures:a) Tier 1 Capital includes Equity Share capital and Perpetual Non-cumulative Preference Share capital, Reserve comprising of Statutory reserves, capital and revenue reserves, share premium and Balance in Profi t and Loss accountb)Tier 2 Capital consists of the Revaluation Reserves, Tier II Bonds – Subordinated debt @6.15% and 6.25% and general provisions.

Quantitative Disclosures: (Solo Global Position) as on 31 03 2009 Tier 1 Capital (Rs. in Crore)

Paid up Equity Share Capital 429.77

Perpetual Non cumulative Preference Share Capital 400.00

Reserves 5035.17

Total Tier 1 5864.94

182

Q>à-2 ny§Or H$s am{e

g~Am{S©>ZoQ> F$U (é.83.96 H$amoS> @ 6.15% Ed§ é.90.10 H$amo‹S> @ 6.25% ) 174.06

gm_mÝ` n«mdYmZ 295.06

nwZ_y©ë`m§H$Z [aµOd© 565.03

Hw$b {Q>à 2 1034.15

Hw$b {Q>à - I vkSj Hw$b {Q>à 2 ny§Or 6899.09

JwUmË_H$ n«H$Q>rH$aU (g_o{H$V pñW{V)

n«XËV B©{¹$Q>r eoà ny§Or 429.77

n{n©ÀAb J¡a g§§M`r A{Y_mÝ` eoà ny§Or 400.00

[aµOd© 5140.29

KQ>mE§ … AmñW{JV H$a AmpñV 16.37

Hw$b {Q>à - I 5953.69

{Q>à-2 ny§Or H$s am{e

g~Am{S©>ZoQ> F$U (é.83.96 H$amoS> @ 6.15% Ed§ é. 90.10 H$amo‹S> @ 6.25% ) 174.06

gm_mÝ` n«mdYmZ 271.92

nwZ_y©ë`m§H$Z [aµOd© 565.02

Hw$b {Q>à-1 1011.00

Hw$b {Q>à-1 Ed§ {Q>à-2 ny§Or 6964.69

gmaUr S>rEµ\ - 3

ny±Or n`m©áVm

JwUmË_H$ n«H$Q>rH$aU~¢H$ EH$b VWm g_o{H$V XmoZm| ñVam| na 9 n«{VeV go A{YH$ H$m grAmaEAma VWm 6 n«{VeV go A{YH$ H$m {Q>à 1 grAmaEAma aIVm h¡&

~¢H$ {ddoH$s ñVa go D$na g§emo{YV T>m§Mo Ho$ AZwgma Ano{jV Ý`yZV_ ny§Or ~ZmE aIVm h¡, Omo {ZåZ{b{IV tks vf/kd gS] mlds vuqlkj gS %&(H$) g§emo{YV T>m§Mo Ho$ AZwgma Ano{jV Ý`yZV_ ny±Or&(I) ~ogob 1 T>m±Mo Ho$ AZwgma Ano{jV Ý`yZV_ ny§Or H$m 90 n«{VeV

n[a_mUmË_H$ n«H$Q>rH$aUF$U Omo{I_ hoVw ny±Or Amdí`H$VmE± … - _mZH$sH¥$V A{^J_ Ho$ AX²`YrZ g§{d^mJ … é. 3807.35 H$amo‹S> - n«{V^y{VH$aU F$U eyÝ`

(J) ~mµOma Omo{I_ hoVw ny±Or Amdí`H$VmE§ _mZH$sH¥$V Ad{Y A{^J_ - ã`mO Xa Omo{I_ é. 220.43 H$amo‹S> - {dXoer {d{Z_` Omo{I_ (ñdU© g{hV) é. 7.20 H$amo‹S> - B©{¹$Q>r Omo{I_ é. 65.95 H$amoS>

(K) n[aMmbZJV Omo{I_ hoVw ny§OrJV Amdí`H$VmE§ _yb gyMH$ A{^J_ é. 341.59 H$amo‹S>


183

Tier 2 Capital (Rs. in Crore)

Subordinate Debt (Rs. 83.96 Cr @ 6.15% and Rs.90.10 Cr @ 6.25%) 174.06

General Provisions 295.06

Revaluation Reserves 565.03


Total Tier 1 and Tier 2 Capital 6899.09

Quantitative Disclosures: (Consolidated Position) Tier 1 Capital (Rs. in Crore)

Paid up Equity Share Capital 429.77

Perpetual Non cumulative Preference Share Capital 400.00

Reserves 5140.29

Less Deferred Tax Asset 16.37


Tier 2 Capital (Rs. in Crore)

Subordinate Debt (Rs.83.96 Cr @ 6.15% and Rs.90.10 Cr @ 6.25%) 174.06

General Provisions 271.92

Revaluation Reserves 565.02


Total Tier 1 and Tier 2 Capital 6964.69

Table DF – 3 Capital Adequacy

Qualitative Disclosures:Bank maintains at both solo and consolidated level CRAR of more than 9% and Tier 1 CRAR of more than 6%.

The Bank maintains the minimum capital required as per Revised Framework above the Prudential fl oor viz higher of(a) Minimum capital required as per the Revised Framework;(b) 90% of the minimum capital required as per Basel 1 framework.

Quantitative disclosures(a) Capital requirements for credit risk: -- Portfolios subject to standardized approach Rs.3807.35 Cr -- Securitization exposures NIL

(b) Capital requirements for market risk:

� Standardized duration approach;

- -- Interest Rate Risk Rs. 220.43 Cr

-- Foreign Exchange Risk (including gold) Rs. 7.20 Cr

-- Equity Risk Rs. 65.95 Cr(c) Capital requirements for operational risk:

� Basic Indicator Approach Rs.341.59 Cr

184

(L>) Hw$b VWm {Q>à 1 ny§Or AZwnmV … (EH$b - gmd©^m¡{_H$) 13.98 n«{VeV11.88 n«{VeV

gdm}ƒ g_o{H$V g_yh hoVw Hw$b 14.09 n«{VeV {Q>à 1 12.05 n«{VeV

_hËdnyU© ~¢H$ AZwf§{J`m| hoVw (ñQ¢>S> AbmoZ AWdm Cn g_o{H$V, T>m§Mo Ho$ bmJy homZo Ho$ AmYma na)

~ogob 1 Ho$ AZwgma, Hw$b VWm {Q>à 1 ny±Or AZwnmV (EH$b gmd©^m¡{_H$) -13.27 n«{VeV VWm 11.28 n«{VeV tks ~ogb II go H$_ h¡& ~ogob 1 Ho$ AZwgma grAmaEAma H$mo {ddoH$s ñVa VWm boIm| na {Q>ßn{U`m| _| n«H$Q> {H$E JE AZwgma {b`m J`m h¡&

~ogob 1 Ho$ AZwgma, Hw$b VWm {Q>à 1 ny±Or AZwnmV (gåmo{H V) -13.38 n«{VeV VWm 11.44 n«{VeV tks ~ogb II go H$_ h¡& ~ogob 1 Ho$ AZwgma grAmaEAma H$mo {ddoH$s ñVa na [ìmÀmma H aVo hxE [H `m J`m h¡&

gmaUr S>rEµ\ - 4F$U Omo{I_ … g^r ~¢H$m| hoVw gm_mÝ` n«H$Q>rH$aU

JwUmË_H$ n«H$Q>rH$aU …

~¢H$ Zo$ Am` A{^kmZ VWm AmpñV dJuH$aU _mZX§S>m| hoVw {d{Z`m_H$ Ûmam n[a^m{fV {nN>bo ~H$m`m VWm AZ{_©V n[a^mfmAm| H$mo ( boImH$aU Ho$ n«`moOZmW© ) AnZm`m h¡&

~¢H$ Zo F$U Omo{I_ n«~§YZ Zr{V bmJy H$s h¡ Am¡a Bgo g^r emImAm| H$mo n[aMm{bV {H$`m J`m h¡& Zr{V H$m _w»` CX²Xoí` `h gw{ZpíMV H$aZm h¡ {H$ n[aMmbZ n«~§YZ H$s n«Ë`mem Ho$ AZwê$n h¢, VWm Cƒ n«~§YZ$ H$s aUZr{V`m| H$mo n[aMmbZ ñVa na gmW©H$ {ZXoem| Ho$ ê$n _| nhþ±Mm`m J`m h¡& `h Zr{V ~So> F$U EŠñnmoµOa, F$U g§nmpíd©H$ hoVw _mZH$, nmoQ©>\$mo{b`mo n«~§YZ F$U g§drjm V§Ì, Omo{I_ gHo§$X«rH$aU, Omo{I_ {ZJamZr VWm _yë`m§H$Z, n«mdYmZrH$aU VWm {d{Z`m_H$ / {d{YH$ AZwnmbZ na {ddoH$s gr_mAm| H$mo {ZpíMV H$aVr h¡&

~¢H$ CZ Omo{I_m| H$so nhMmZ H$aVm h¡ Omo CZH$mo n«^m{dV H$aVo h§¡ VWm BZ Omo{I_m| Ho$ _mn, {ZJamZr VWm {Z`§ÌU Ho$ {bE C{MV mik;ksa H$m n«`moJ H$aVm h¡&

Ohm§ ~moS©> / ~moS©> H$s Omo{I_ n«~§YZ g{_{V Zr{V V¡ ma H$aVr h¡ VWm {d{^ÝZ F$U Omo{I_ n« md H$mo {ZYm©[aV H$aVr h¡, F$U Omo{I_ n«~§YZ g{_{V ~moS©> / AmaE_gr Ûmam AZw_mo{XV BZ Zr{V`m| Ed§ aUZr{V`m| H$mo H$m`m©pÝdV H$aVr h¡, ~¢H$ ì`mnH$ AmYma na F$U Omo{I_ H$s {ZJamZr H$aVm h¡ VWm Omo{I_ gr_mAm| H$m AZwnmbZ gw{ZpíMV H$aVm h¡&

~¢H$ (H$) EH$b VWm gm_y{hH$ CYmaH$Vm©Am| hoVw EŠgnmoµOa gr_m {ZYm©aU (I) aoqQ>J J«oS> gr_m (J) CX²`moJdma EŠgnmoµOa gr_m VWm (K) nyao _§S>bm| _| F$Um| Ho$ m¡Jmo{bH$ g§{dVaU Ho$ {díbofU Ûmam Omo{I_ gHo§$X«rH$aU H$m AÜ``Z H$aVm h¡& g^r _§S>bm| H$mo Mma I§S>m| _| dJuH¥$V {H$`m J`m h¡, `Wm CËVa, X{jU, nyd© Ed§ npíM_&

~¢H$ {H$gr ^r CYmaH$Vm© go g§~§{YV F$U Omo{I_ H$m _mn H$aZo Ho$ {bE CYma ImVo H$s aoqQ>J H$mo EH$ _hËdnyU© CnH$aU _mZVm h¡ Am¡a VXZwgma ~¢H$ _| EH$ {ÛAm`m_r` F$U aoqQ>J n«Umbr ew: H$s JB© Wr& {d{^ÝZ I§S>m| Ho$ {bE ~|H$ H$s Amdí`H$VmAm| Ho$ {bE Cn`wŠV EH$ gmâQ>doà Mm{bV aoqQ>J / ñH$mo[a¨J _m°S>b H$ñQ>_mBO {H$`m J`m h¡ Am¡a emImAm| / _§S>b H$m`m©b`m| _| n[aMm{bV {H$`m J`m h¡&

JwUmË_H$ n«H$Q>rH$aU

(I) Hw$b gH$b F$U Omo{I_ EŠñnmoíma AbJ AbJ go {Z{Y AmYm[aV Ed§ J¡a-{Z{Y AmYm[aV (é. H$amo‹S>m| _|)

gH$b F$U Omo{I_ EŠñnmoíma

{Z{Y AmYm{aV

F$U Ed§ A{J«_ 51830.64

{Zdoe 15491.69

AÝ` AmpñV`m§ 9855.89

Hw$b {Z{Y AmYm{aV 77178.22

AmH$pñ_H$ Ho«${S>Q>, g§{dXmE§ VWm ì`wËnÝZ H$mo em{_b H$aHo$ J¡a {Z{Y AmYm[aV 32841.65

Hw$b F$U Omo{I_ EŠñnmoea 110019.87

(J) EŠgnmoía H$m ^m¡Jmo{bH$ {dVaU, AbJ AbJ go {Z{Y AmYm[aV Ed§ J¡a-{Z{Y AmYm{aV AmodagrµO (é. H$amo‹S>m| _|)

emIm {Z{Y AmYm[aV vkdfLed _.k] lafonk,a rFkk O;qRiUu g{hVJ¡a-{Z{Y AmYm[aV

Hw$b

qgJmnwa 2723.30 1980.72 4704.02

H$mob§~mo 246.36 240.45 486.81


185

(d) Total and Tier 1 capital ratio: (Solo –Global) 13.98%

11.88%

� For the top consolidated group; Total 14.09%

Tier 1 12.05%

� For signifi cant bank subsidiaries (stand alone or sub-consolidated depending on how the Framework is applied).

As per Basel 1, the Total and Tier 1 Capital Ratio (Solo-Global)– 13.27% and 11.28% is lower than Basel II, CRAR as per Basel 1 is taken considering the prudential fl oor and as disclosed in the Notes on Accounts.

As per Basel 1, the Total and Tier 1 Capital Ratio (consolidated)– 13.38% and 11.44% is lower than Basel II, CRAR as per Basel 1 is taken considering the prudential fl oor.

Table DF – 4Credit Risk : General disclosures for all banks

Qualitative Disclosures:Bank has adopted the defi nitions of the past due and impaired (for accounting purposes) as defi ned by the regulator for Income Recognition and Asset Classifi cation norms.The Bank has put in place the Credit Risk Management Policy and the same has been circulated to all the branches. The main objective of the policy is to ensure that the operations are in line with the expectation of the management and the strategies of the top management are translated into meaningful directions to the operational level. The Policy stipulates prudential limits on large credit exposures, standards for loan collateral, portfolio management, loan review mechanism, risk concentrations, risk monitoring and evaluation, provisioning and regulatory / legal compliance. The Bank identifi es the risks to which it is exposed and applies suitable techniques to measure, monitor and control these risks.While the Board / Risk Management Committee of the Board devises the policy and fi xes various credit risk exposures, Credit Risk Management Committee implements these policies and strategies approved by the Board / RMC, monitors credit risks on a bank wide basis and ensures compliance of risk limits.The Bank studies the concentration risk by (a) fi xing exposure limits for single and group borrowers (b) rating grade limits (c) industry wise exposure limits and (d) analyzing the geographical distribution of credit across the circles. All the circles are categorized under four segments namely North, South, East and West. The Bank considers rating of a borrowal account as an important tool to measure the credit risk associated with any borrower and accordingly a ’two dimensional credit rating system’ was introduced in the Bank. Software driven rating / scoring models for different segments have been customized to suit the Bank’s requirements and the same have been rolled out to the branches / Circle offi ces. Quantitative Disclosures(a)Total gross credit risk exposures, Fund Based and Non-fund based separately. (Rs. in Crore)Gross Credit Risk Exposures

Fund Based

Loans and Advances 51830.64Investments 15491.69Other Assets 9855.89Total Fund Based 77178.22Non Fund Based including contingent credit, contracts and derivatives 32841.65Total Credit Risk Exposure 110019.87

(b) Geographic distribution of exposures , Fund Based and Non-fund based separately Overseas (Rs. in Crore)

Branch Fund Based Non Fund Based including contingent credit, contracts and derivatives

Total

Singapore 2723.30 1980.72 4704.02Colombo 246.36 240.45 486.81

186

(?k) Xoer vfxzeksa dk HkkSxksfyd forj.k

^m¡Jmo{bH$ joÌ Hw$b

am{e (é. H$amo‹S> _|) %

nyd© 2884.01 5.90npíM_ 11273.14 23.07CËVa 5483.62 11.22X{jU 29220.21 59.81Hw$b 48860.98 100.00

K) 31.03.2009 H$mo EŠñnmoeam| H$m CÚmoJ dma {dVaU ({Z{Y AmYm[aV Ed§ J¡a-{Z{Y AmYm{aV) (é. H$amo‹S>m| _|) H«$_§mH$ CX²`moJ H$m Zm_ ~H$m`m

{Z{Y AmYm[aV J¡a {Z{Y AmYm[aV n«{V~X²Y F$U1. hram g{hV ZdaËZ Ed§ Ooda 65.85 201.32 432.722. AmYm[aH$ g§aMZmH$) nmda 3242.44 561.30 6672.41I«) nmoQ©> / gS>H$ 1174.21 513.98 2802.25J) Qo>brH$m°_ 1653.71 25.72 1989.13P) AÝ` AmYm[aH$ g§aMZm 1199.01 45.66 1816.783. noQ´>mo{b`_ Ed§ noQ´>mo{b`_ CËnmX 784.87 380.80 4434.044. dñÌ 2147.76 103.91 2962.155. MrZr 772.38 88.28 1046.336. bmohm Ed§ BñnmV 1831.75 318.16 3092.377. g^r B§Or{Z`{a§J 854.08 506.43 2105.338. Am¡fYr` Ed§ agm`Z 371.74 93.78 723.199. ImX²` g§gmYZ (H$mOy, ImX²` Vob Ed§ dZñn{V g{hV) 661.03 67.13 1076.80

10. H$mobar Ed§ _¡qZJ 152.37 40.34 260.6911. Cd©aH$ 113.25 0.11 231.9512. {g_|Q> Ed§ {g_|Q> CËnmX 744.18 90.21 1689.6913. M_‹S>m Ed§ M_‹S>m CËnmX 121.97 21.82 186.0514. BboŠQ´>m{ZH$ Ed§ H§$ß`yQ>a (hmS©>doà Ed§ gmµâQ>doà) 411.79 137.66 1061.6515. Mm` / H$m\$s 36.59 0.30 69.3416. H§$ñQ´>ŠeZ H$mÝQ´>mŠQ>g© 450.83 1562.29 2688.7617. a~S>, ßbmpñQ²>Šg Ed§ AÝ` CËnmX (Q>mà g{hV) 149.68 86.86 349.5618. AmQ>mo_mo~Bb (dmhZ, dmhZ nwO} Am¡a n[adhZ CnñH$a) 613.87 44.79 878.5319. _mXH$ no` Ed§ Vå~mHy$ 83.57 7.57 189.7020. bH$S>r Ed§ bH$S>r CËnmX 100.49 37.15 180.5621. H$mJO Ed§ H$mJO CËnmX 317.89 27.96 401.6322. ½b¡g Ed§ ½b¡gdoà 124.90 19.32 267.8923. AÝ` YmVw Ed§ YmVw CËnmX 522.66 0.68 855.2824. _wX«U Ed§ n«H$meZ 64.19 14.13 118.3125. {d_mZZ 633.14 23.89 716.1426. _r{S>`m Ed§ _Zmoa§OZ 399.40 49.09 648.7427. g§^ma V§Ì 119.68 18.42 262.8628. OhmO {Z_m©U 67.97 203.24 550.4829. ì`mnma(\w$Q>H$a ì`mnma Ho$ Abmdm ) 1277.66 509.05 3234.46

30. EZ~rE\$gr 1182.96 91.01 2114.9031. dm{UpÁ`H$ [a`b EñQo>Q> 4181.11 96.28 6137.0832. ny±Or ~mOma 760.56 144.10 982.01


187

(c) Geographic distribution of Domestic AdvancesGeographical Region Total

Amount (Rs. in Crore) %

EAST 2884.01 5.90WEST 11273.14 23.07NORTH 5483.62 11.22SOUTH 29220.21 59.81TOTAL 48860.98 100.00

(d) Industry-wise distribution of domestic exposures (fund based and non-fund based) as on 31 03 2009 (Rs. in Crore)

S.No. Name of the IndustryOutstanding Commited

ExposureFund Based Non Fund Based1. Gems and Jewellery including Diamond 65.85 201.32 432.722. Infrastructure a) Power 3242.44 561.30 6672.41b) Ports / Roads 1174.21 513.98 2802.25c) Telecom 1653.71 25.72 1989.13d) Other infrastructure 1199.01 45.66 1816.783. Petroleum and Petroleum Products 784.87 380.80 4434.044. Textiles 2147.76 103.91 2962.155. Sugar 772.38 88.28 1046.336. Iron & Steel 1831.75 318.16 3092.377. All Engineering 854.08 506.43 2105.338. Pharmaceuticals & Chemicals 371.74 93.78 723.199. Food Processing (including Cashew, Edible Oils & Vanaspati) 661.03 67.13 1076.8010 Colliery & Mining 152.37 40.34 260.6911 Fertilizer 113.25 0.11 231.9512 Cement & Cement Products 744.18 90.21 1689.6913 Leather & leather products 121.97 21.82 186.0514 Electronics & Computers (Hardware& software) 411.79 137.66 1061.6515 Tea / Coffee 36.59 0.30 69.3416 Construction contractors 450.83 1562.29 2688.7617 Rubber, Plastics and their products (including tyre) 149.68 86.86 349.5618 Automobiles (Vehicles, Vehicle Parts & Transport Equipments) 613.87 44.79 878.5319 Beverages and Tobacco 83.57 7.57 189.7020 Wood and Wood Products 100.49 37.15 180.5621 Paper and Paper Products 317.89 27.96 401.6322 Glass and Glassware 124.90 19.32 267.8923 Other metal and metal products 522.66 0.68 855.2824 Printing and Publishing 64.19 14.13 118.3125 Aviation 633.14 23.89 716.1426 Media and Entertainment 399.40 49.09 648.74

27 Logistics 119.68 18.42 262.8628 Ship Building 67.97 203.24 550.4829 Trade (Other than retail trade) 1277.66 509.05 3234.4630 NBFC 1182.96 91.01 2114.9031 Commercial Real Estate 4181.11 96.28 6137.0832 Capital Market 760.56 144.10 982.01

188

(S>.) A{J«_m| Ed§ {Zdoem| H$m Ad{eï> g§{dXmJV n[anDoVm {díbofU - gmd©^m¡{_H$ ( é. H$amo‹S>m| _|)

{ddaU 1-14 {XZ 15-28 {XZ 29 {XZ-3_ >3_ -6 _ 6 _ - 1df©

1 d - 3 df© 3d -5 df© 5 df§© Hw$b

A{J«_ 2794.42 1849.90 5733.94 3269.93 5593.75 17287.75 6734.24 8201.35 51465.27

{Zdoe 1550.18 949.79 1707.99 2176.75 4584.58 6801.99 874.01 4155.28 22800.57 é. H$amo‹S>m| _|

(M) EZnrE H$s am{e (gH$b) -- gmd©^m¡{_H$ 459.18

Ad_mZH$ 142.51

g§{X½Y 1 142.88

g§{X½Y 2 102.26

g§{X½Y 3 32.07

hm{Z 39.46

(N>) {Zdb EZnrE 93.81

(O) EZnrE AZwnmV

gH$b EZnrE go gH$b A{J«_ 0.89

{Zdb EZnrE go {Zdb A{J«_ 0.18

(P) EZnrE H$m MbZ (gH$b)

AWeof 486.87

OmoS> 228.93

H$_r 256.62

A§Veof 459.18

(Äm) EZnrE hoVw n«mdYmZ H$m MbZ

AWeof 219.60

df© Ho$ Xm¡amZ {H$E JE n«mdYmZ 16.29

~Q²>Qo>ImVo _| S>mbZo / E`ygr H$mo A§V[aV Ed§ A{V[aŠV n«mdYmZm| H$m dmng {b`m OmZm 40.39

A§Veof 195.50

(Q>) J¡a {ZînmXH$ {Zdoem| H$s am{e 24.11

(R>) J¡a {ZînmXH$ {Zdoe am{e hoVw aIo JE n«mdYmZ 24.11

(S>) {Zdoem| na _yë`h«mg hoVw n«mdYmZm| H$m MbZ

AWeof 205.24

df© Ho$ Xm¡amZ {H$E JE n«mdYmZ 202.65

~Q²>Qo>ImVo _| S>mbZm

A{V[aŠV n«mdYmZm| H$m dmng {b`m OmZm 41.27

A§Veof 366.62


189

(e) Residual contractual maturity breakdown of advances and investments –Global (Rs. in Crore)

Details 1-14 Days

15-28 Days

29Days- 3 Months

>3M - 6 Months

>6 M - 1 Year

>1 Y – 3Years

>3 Y -5Years

>5 Years Total

Advances 2794.42 1849.90 5733.94 3269.93 5593.75 17287.75 6734.24 8201.35 51465.27

Investments 1550.18 949.79 1707.99 2176.75 4584.58 6801.99 874.01 4155.28 22800.57

(Rs. in Crore)

(f) Amount of NPAs (Gross) - Global 459.18Substandard 142.51

Doubtful 1 142.88

Doubtful 2 102.26

Doubtful 3 32.07

Loss 39.46

(g) Net NPAs 93.81

(h) NPA Ratios

Gross NPAs to gross advances 0.89

Net NPAs to net advances 0.18

(i) Movement of NPAs (Gross)

Opening Balance 486.87

Additions 228.93

Reductions 256.62

Closing Balance 459.18

(j) Movement of provisions for NPAs

Opening Balance 219.60

Provisions made during the period 16.29

Write Off / Tr to AUC & Write-back of excess provisions 40.39

Closing balance 195.50

(k) Amount of Non-Performing investments 24.11

(l) Amount of Provisions held for non-performing investments 24.11

(m) Movement of provisions for depreciation on investments

Opening balance 205.24

Provisions made during the period 202.65

Write-off

Write-back of excess provisions 41.27

Closing balance 366.62

190

gmaUr S>rEµ\ - 5

F$U Omo{I_ … _mZH$ A{^J_ Ho$ AX²`YrZ g§{d^mJm| hoVw n«H$Q>rH$aUJwUmË_H$ n«H$Q>rH$aU …

~¢H$ Zo ^maVr` [aµOd© ~¢H$ Ûmam A{^nhMm{ZV Mma Xa {ZYm©aU A{^H$aUm| Ho$ gmW E_Amo`y {H$`m h¡& Zm_V … H$) H«$mB{gb I) BH«$m J) Ho$a Am¡a K) {µ\$Q²>M Vm{H$ CYmaH$Vm© J«mhH$m| Xa {ZYm©aU gsrq vuqjks/k H$a gH|$&

CnbãY ~mhar Xa {ZYm©aUm| dso D$na d muds A{V[aŠV ~¢H$, {d{Z`m_H$ {Xem{ZX}em| _| Xr JB© AZw_{V Ho$ AZwgma, Bí`y AmYm[aV ~mhar Xa {ZYm©aUm| Ho$ _ooqnJ na ^r ^amogm H$aVm h¡& H$mnm}aoQ>m| na AÝ` Xmdo ‘xSj nj&fu/kkZfjr’ _mZo OmVo h¢&

n[a_mUmË_H$ n«H$Q>rH$aU …

_mZH$ A{^J_ Ho$ VhV F$U Omo{I_ e_Z Ho$ ~mX {d^m{OV Hw$b F$U Omo{I_ EŠgnmoea (gmaUr 4 Ho$ AZwgma) {ZåZmZwgma h¡… é. H$amoS>m| _|

{ddaU 100 n«{VeV Omo{I_ ^ma Ho$ ZrMo

100 n«{VeV Omo{I_ ^ma 100 n«{VeV go A{YH$ Omo{I_ ^ma

Hw$b `msJ

~hr _yë` Omo{I_ ^m[aV _yë`




{Z{Y AmYm[aV

F$U d A{J«_ 27274.05 11898.79 20095.94 19746.65 4460.65 2977.81 51830.64 34623.25

{Zdoe 15189.61 24.64 295.49 167.66 6.59 9.86 15491.69 202.16

AÝ` AmpñV`m± 7947.04 98.41 1908.85 1806.55 0.00 0.00 9855.89 1904.96

Hw$b {Z{Y AmYm[aV 50410.70 12021.84 22300.28 21720.86 4467.24 2987.67 77178.22 36730.37

J¡µa {Z{Y AmYm[aV {Og_| n«mg§{JH$ F$U lafonk,avkSj O;qRiUu em{_b h¡

17290.66 1505.57 14674.54 3765.98 876.46 301.96 32841.66 5573.51

Hw$b F$U Omo{I_ EŠgnmoea

67701.36 13527.41 36974.82 25486.84 5343.70 3289.63 110019.88 42303.88

gmaUr S>rEµ\ - 6F$U Omo{I_ {ZdmaU - _mZH$sH¥$V A{^J_m| hoVw n«H$Q>rH$aU

JwUmË_H$ n«H$Q>rH$aU~¢H$ Zo (H$) F$U Omo{I_ {ZdmaU VWm ~ogob&& / ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ ^md H$mo Ü`mZ _| aIVo hþE C{MV g§nmpíd©H$ H$s nhMmZ na OmJéH$Vm ~‹T>mZo VWm (I) ~ogob&& / ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| _| {ZYm©[aV A{^J_ Ho$ AZwgma ny±Or n«^ma Ho$ n[aH$bZ _| F$U Omo{I_ {ZdmaU H$mo Bï>V_ ~ZmZo Ho$ n«mW{_H$ CX²Xoí` go F$U Omo{I_ {ZdmaU VWm g§nmpíd©H$ n«~§YZ Zr{V bmJy H$s h¡&~¢H$ gmYmaUV… F$U gh^m{JVm, EŠñnmoµOa H$s CƒV_ gr_m, EñH«$mo nÕ{V, dm`Xm H$da, CƒVa _m{O©Z, F$U n«g§{dXmAm|, g§nmpíd©H$ VWm ~r_m H$da O¡go F$U {ZdmaU VH$ZrH$m| na ^amogm H$aVm h¡&F$U Omo{I_ n«~§YZ Zr{V _| {dñV¥V ê$n go _yë`m§H$Z H$s nÕ{V Xr JB© h¡&~¢H$ n`m©á ZoQ>dW© dmbo d¡`pŠVH$m| VWm H$mnm}aoQ>m| go Jma§{Q>`m§ ñdrH$ma H$aVm h¡& Ho$db H$mCÝQ>a nmQ>u Ho$ ~OmE Ý`yZV_ Omo{I_ ^ma dmbr g§ñWmAm| Ûmam Omar Jma§{Q>`m§ ñdrH$ma H$s OmE§Jr, Vm{H$ H$mC§Q>a nmQ>u F$U hoVw gwajm n«má hmo&F$U Omo{I_ {ZdmaU _| Omo{I_ g§H|$X«rH$aU … {ZdmaU hoVw `mo½` g^r n«H$ma H$s n«{V^y{V`m§ AmgmZr go dgybr `mo½` {dËVr` n«{V^y{V`m§ h¢& Bg H$maU go, ~¢H$ Ûmam _mÝ`Vm n«má F$U Omo{I_ {ZdmaH$m| _| F$U g§H|$X«rH$aU H$mo hQ>mZo Ho$ {bE dV©_mZ _| H$moB© gr_m / CƒV_ gr_m {ZYm©[aV Zht H$s JB© h¡&n[a_mUmË_H$ n«H$Q>rH$aU_mZH$sH¥$V A{^J_ Ho$ VhV, n«H${Q>V F$U Omo{I_ g§{d^mJ hoVw, Hw$b Omo{I_ Omo {H$ H$m§Q>-N>m§Q> Ho$ ~mX `mo½` {dËVr` g§nmpíd©H$ Ûmam H$da {H$`m OmVm h¡ … é. H$amoS>m| _|

O_mE§ 4063.34

gmoZo Ho$ Ooda 2855.07

EZEggr/EbAmB©gr/å`wMwAb \§$S> `y{ZQ> 150.72


191

Table DF– 5Credit Risk : disclosures for portfolios subject to the standardized approach

Qualitative Disclosures:The Bank has entered into MOU with four Rating Agencies identifi ed by Reserve Bank of India namely a) CRISIL b) ICRA c) CARE and d) FITCH to facilitate the borrower customers to solicit the ratings.

Over and above the External ratings wherever available, the Bank also relies on mapping of issue based external ratings as permitted in the regulatory guidelines. The rest of the claims on corporates are treated as ‘unrated’.

Quantitative Disclosures:The total credit risk exposure (as in Table 4) bifurcated after the credit risk mitigation under Standardized Approach is as under:

(Rs. in Crore)Particulars Below 100% Risk

Weight100% Risk Weight More than 100%

Risk WeightGrand Total

Book Value

Risk Weighted

value

Book Value

Risk Weighted

value

Book Value

Risk Weighted

value

Book Value

Risk Weighted

valueFund Based

Loans and Advances 27274.05 11898.79 20095.94 19746.65 4460.65 2977.81 51830.64 34623.25

Investments 15189.61 24.64 295.49 167.66 6.59 9.86 15491.69 202.16

Other Assets 7947.04 98.41 1908.85 1806.55 0.00 0.00 9855.89 1904.96

Total Fund Based 50410.70 12021.84 22300.28 21720.86 4467.24 2987.67 77178.22 36730.37

Non Fund Based including Contingent Credit.

17290.66 1505.57 14674.54 3765.98 876.46 301.96 32841.66 5573.51

Total Credit Risk Exposure 67701.36 13527.41 36974.82 25486.84 5343.70 3289.63 110019.88 42303.88

Table DF– 6Credit Risk Mitigation : disclosures for standardized approaches

Qualitative DisclosuresThe Bank has put in place Credit Risk Mitigation and Collateral Management Policy with the primary objective of a) Mitigation of credit risks and enhancing awareness on identifi cation of appropriate collateral taking into account the spirit of Basel II / RBI guidelines and (b) Optimizing the benefi t of credit risk mitigation in computation of capital charge as per approaches laid down in Basel II / RBI guidelines.The Bank generally relies on Risk Mitigation techniques like Loan participation, Ceiling on Exposures, Escrow mechanism, Forward cover, higher margins, loan covenants, Collateral and insurance cover. Valuation methodologies are detailed in the Credit Risk Management Policy. Bank accepts guarantees from individuals with considerable networth and the Corporates. Only guarantees issued by entities with a lower risk weight than the counterparty shall be accepted to get the protection for the counterparty exposure.Concentration Risk in Credit Risk Mitigation: All types of securities eligible for mitigation are easily realizable fi nancial securities. As such, presently no limit / ceiling has been prescribed to address the concentration risk in credit risk mitigants recognized by the Bank.Quantitative DisclosuresFor disclosed credit risk portfolio under the standardized approach, the total exposure that is covered by eligible fi nancial collateral after the application of haircuts:

(Rs. in Crore)

Deposits 4063.34Gold Jewels 2855.07NSC/LIC/Units of Mutual Fund 150.72

192

gmaUr S>rEµ\ - 7

n«{V^y{VH$aU … _mZH$ A{^J_ hoVw n«H$Q>rH$aUJwUmË_H$ n«H$Q>rH$aU …~¢H$ Zo H$moB© n«{V^y{VH$aU {H«$`mH$bmn dhZ Zht {H$`m h¡&

_mÌmË_H$ n«H$Q>rH$aU … eyÝ`

gmaUr S>rEµ\ - 8ì`mnma ~hr (Q´o>qS>J ~wH$) _| ~mµOma Omo{I_


ì`mnma ~hr _| ~mµOma Omo{I_ H$m _yë`m§H$Z _mZH$ Ad{Y n«Umbr Ûmam {H$`m OmVm h¡& EMEµ\$Q>r Am¡a EEµ\$Eg hoVw ny§Or n«^ma H$s JUZm ^maVr` [aµOd© ~¢H$ Ho$ {ddoH$s {Xem{ZX}em| Ho$ AZwgma H$s OmVr h¡&

_mÌmË_H$ n«H$Q>rH$aU…

(I) {ZåZ hoVw ny§Or Amdí`H$VmE§…

é. H$amoS>m| _|

ã`mO Xa Omo{I_ 220.43

B©{¹$Q>r pñW{V Omo{I_ Am¡a 65.95

fons’kh fofue; tksf[ke 7.20

gmaUr S>rEµ\ - 9

n[aMmbZmË_H$ Omo{I_


n[aMmbZmË_H$ Omo{I_ hoVw ny§Or n«^ma H$m AmH$bZ _yb g§Ho$VH$ A{^J_ Ho$ AmYma na {H$`m OmVm h¡& ZE ny§Or n`m©áVm T>m§Mo g§~§Yr {Xem{ZX}em| _| n[a^m{fV {H$E JE AZwgma gH$b Am` H$s Am¡gV _| {nN>bo VrZ dfm}§ AWm©V² 2007-08, 2006-07 Ed§ 2005-06 H$mo ny§Or n«^ma AmH$bZ hoVw {hgm~ _| {b`m OmVm h¡& Amdí`H$ ny§Or é 341.59 H$amo‹S> h¡&

gmaUr S>rE\$ S>rEµ\ - 10

~¢qH$J ~hr _| ã`mO Xa Omo{I_ (AmB©AmaAma~r~r)

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n[a_mUmË_H$ n«H$Q>rH$aU…

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i) 31 03 2009 VH$ ã`mO Xa esa 25 ~rnrEg ?kVko ls vk; ij iM ldus okyk tksf[ke # 55-15 H$amoS> h¢ &

ii) bZfDoVh Ho$ ~mµOma _yë` _| 200 ~rnrEg Ho$ n[adV©Z ls ã`mO Xa emH$ é 219-45 H$amo‹S h¢ &>

(2 le; varjkyksa _| ~rnrEbAma H$m nwZ… _yë` {ZYm©aU)


193

Table DF – 7Securitization : disclosure for standardized approach

Qualitative Disclosures: The Bank has not undertaken any securitization activity.Quantitative Disclosures: NIL

Table DF– 8Market risk in trading book

Qualitative Disclosures

Market Risk in trading book is assessed as per the Standardized duration method. The capital charge for HFT and AFS is computed as per Reserve Bank of India prudential guidelines.Quantitative Disclosures:

The capital requirements for: Rs. in Crore

Interest rate risk 220.43 Equity position risk 65.95 Foreign exchange risk 7.20

Table DF – 9Operational Risk

Qualitative disclosures

Capital charge for Operational Risk is computed as per the Basic Indicator Approach. The average of the gross income, as defi ned in the New Capital Adequacy Framework guidelines, for the previous 3 years ie 2007-08; 2006-07 and 2005-06 is considered for computing the capital charge. The required capital is Rs. 341.59 Cr.

Table DF – 10Interest Rate Risk in the Banking Book (IRRBB)

Qualitative disclosures:

Embedded Option Risk (Foreclosure of deposits) is studied and factored in the interest rate sensitivity analysis. Based on the interest rate sensitivity, interest rate risk in the Banking Book is studied on a quarterly basis. Earnings at Risk are computed based on the Traditional Gap Analysis on a static position. Market Value of Equity (MVE) is computed adopting the Duration Gap Analysis.Quantitative Disclosures:The increase (decline) in earnings and economic value (or relevant measure used by management) for upward and downward rate shocks according to management’s method for measuring IRRBB, broken down by currency (where the turnover is more than 5 per cent of the total turnover).

i) Earnings at Risk for 25 bps interest rate reduction as on 31 03 2009 is Rs. 55.15 Cr

ii) Change in Market value of Equity for 200 bps interest rate shock is Rs. 219.45 Cr

(Repricing of BPLR in the 2 time bucket)

194



195

Form for ECS / NEFT Mandate / Bank Account Details

ToCameo Corporate Services Limited,Unit : Indian Bank,Subramanian Building,1, Club House Road, CHENNAI 600 002.

Dear Sir,

Re: Equity Shares of Indian Bank - option to receive dividend through Electronic Clearing Service (ECS) /National Electronic Funds Transfer (NEFT) facility at Centres where it is available.

I/ We hold equity shares of Indian Bank.

I / We request you to arrange for payment of my / our dividend through ECS / NEFT facility and credit the same to my / our account as per details given below:

1. First / Sole Shareholder’s name2. (a) Registered Folio No. (If shares are not dematerialized) (b) DP ID No. Client ID No. (If shares are dematerialized)3. Particulars of Bank Account a. Bank Name b. Branch Name c. Address of the Branch (with PIN Code) d. Telephone number and Fax number

9 - digit MICR code & IFS Codee. number of the Bank and Branch as appearing on the MICR Cheques issued by the BankAccount type ( Savings / Current / Cashf.

Credit with code 10/11/13 )Account Number as appearing on the Cheque Bookg.

(Please attach a cancelled blank cheque or photocopy of a cheque issued by your Bank for verifi cation of the above details).I / We hereby declare that the particulars given above are correct and complete. If any transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I / We would not hold the Bank responsible. I / We understand that the Bank also reserves the right to send the dividend payable to me / us by a physical dividend warrant on account of unforeseen circumstances beyond the control of the Bank that may affect the payment of dividend through ECS/NEFT.

Yours faithfully,Place : Date :

(Name and signature of First / Sole Shareholder)Certifi ed that the particulars furnished above are correct as per our records.

Place :Date : Signature of the Branch Manager

In case you hold shares in electronic (D-Mat) form, kindly give the Bank details directly to your Depository 1. Participant.Kindly fi ll in all columns. Incomplete forms shall not be entertained. Please ignore this form, if the same is already 2. submitted.The ECS facility is available at present at certain specifi ed cities only.3.

196

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godm _|Ho${_`mo H$mnm}aoQ> g{d©goµO {b{_Qo>S>`y{ZQ> … B§{S>`Z ~¢H$ gw~«_{U`Z {~pëS§>J, 1, Šb~ hmCg amoS>, MoÝZ¡ 600 002

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{XZm§H$ … (n«W_/EH$b eoàYmaH$H$m Zm_ Ed§ hñVmja)

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ñWmZ …

{XZm§H$ … emIm n«~§YH$ Ho$ hñVmja

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197

Head Offi ce : 66. Rajaji Salai, Chennai - 600 001PROXY FORM

(To be fi lled by the shareholders)

Regd. Folio No. DP IDClient ID

(If shares are not dematerialised) (If shares are dematerialised)

I / We, resident(s) of. ............................................................................. in the district of ............................................. in the State of ....................... being a shareholder / shareholders of the Indian Bank hereby appoint Shri / Smt. .....................................resident of ............................................................................. in the district of ................................. in the State of .......................... or failing him / her, Shri / Smt. ................................................ resident of ............................................................................. in the district of .................... in the State of .......................... as my / our proxy to vote for me / us and on my / our behalf at the Third Annual General Meeting of the Shareholders of the INDIAN BANK to be held on ______________, the __________ at ________________________________________________, and at any adjournment thereof.

Signed this ….............................................................................................. day of …............................................................ 2009.

Please affi x 15 paise RevenueStamp

…………………………………………………… Signature of the Proxy Signature of the fi rst / sole Shareholder

Name …......................................................

Address …......................................................

…......................................................

…......................................................

Instructions for signing and lodging the proxy form:1. No instrument of proxy shall be valid unless,

in case of individual shareholders, it is signed by the shareholder or his / her attorney duly authorised in writing;a. in case of joint holders, it is signed by the shareholder fi rst named in the register or his / her attorney duly authorised in b. writing;in case of body corporate signed by its offi cer or an attorney duly authorised in writing.c.

2. An instrument of proxy shall be suffi ciently signed by any shareholder, who is, for any reason, unable to write his / her name, if his / her mark is affi xed thereto and attested by a Judge, Magistrate, Registrar or Sub-Registrar of Assurance or other Government Gazetted Offi cer or an Offi cer of Indian Bank.

3. No proxy shall be valid unless it is duly stamped and deposited at the following address not less than FOUR DAYS before the date of the Annual General Meeting, together with Power of Attorney or other authority, if any under which it is signed or a copy of that power of attorney or other authority certifi ed as a true copy by a Notary Public or a Magistrate, unless such a power of attorney or the other authority is previously deposited and registered with the Bank.

Indian BankHead Offi ce,

Investor Services Cell, 3rd FloorNo.66, Rajaji Salai, Chennai 600 001

Cameo Corporate Services LimitedUnit : Indian Bank

Subramanian Building1, Club House Road, CHENNAI 600 002

4. An instrument of proxy deposited with the Bank shall be irrevocable and fi nal.5. In case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be

executed.6. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the Annual General

Meeting to which such instrument relates.7. No person shall be appointed as duly authorised representative or a proxy who is an offi cer or an employee of INDIAN BANK.

198

iz/kku dk;kZy; 66] jktkth lkyS] psUuS&600 001n«m°Šgr \$m_©

(eoàYmaH$m| Ûmam âm OmE)

n§OrH¥$V \$µmo{b`mo g§»`m S>rnr AmB©S>r

ŠbmB§Q> AmB©S>r

(`{X eoà S>r_oQ>rpa`bmBÁµS> Zht {H$ò JE hmo| Vmo) (`{X eoà S>r_opQ>{a`bmBÁµS> {H$ò JE hm| Vmo)

_¢ / h_, .................................................................................................... amÁ` Ho$ .....................................................

{Oµbo Ho$ ..................................... {Zdmgr h¢, B§{S>`Z ~¢H$ H$m / Ho$ eoà YmaH$ hmoZo Ho$ ZmVo BgHo$ Ûmam lr / lr_Vr .............................................

............... Omo .............................................................. amÁ` Ho$ .................................................................................

............... {Obo Ho$ .............................................................................................. {Zdmgr h¢, H$mo `m CZHo$ Z AmZo na lr / lr_Vr .....

......................................................................................... Omo ................................................. amÁ`

Ho$ ................................................. {Obo Ho$ .......................................... {Zdmgr h¡ H$mo ... ~Oo... _| Am¡a CgHo$ {H$gr ñWJZ na Am`mo{OV H$s

OmZodmbr B§{S>`Z ~¢H$ H$o eoàYmaH$m| H$s rhljh dm{f©H$ gm_mÝ` ~¡R>H$ _| _oao / h_mao n«m°Šgr Ho$ ê$n _| {Z`wŠV H$aVm hÿ± /H$aVo h¡&

AmO .......................................................................... {XZm§H$ ........................................................... 2009 H$moo hñVmj[a

H¥$n`m 15 n¡go H$m amOñd gQ>m§n

{MnH$mE§

.....................................................

n«m°Šgr Ho$ hñVmja n«W_ / EH$_mÌ eoàYmaH$ Ho$ hñVmja

Zm_ ........................................................................

nVm . ........................................................................

........................................................................

........................................................................

n«m°Šgr µ\$m_© na hñVmja H$aZo Am¡a Cgo Xmà H$aZo Ho$ AZwXoe

1. n«m°Šgr H$s H$moB© ^r {bIV V~ VH$ d¡Y Zht hmoJr, O~ VH$ H$) d¡`pŠVH$ eoàYmaH$m| Ho$ _m_bo _|, eoàYmaH$ `m CgHo$ AQ>Zu Ûmam {b{IV ê$n _| {d{YdV² n«m{YH¥$V Z H$s OmVr h¡ I) g§`wŠVYmaH$m| Ho$ _m_bo _| a{OñQ>a _| nhbo Zm{_V eoàYmaH$ `m CZHo$ Ûmam {b{IV ê$n _| {d{YdV² n«m{YH¥$V AQ>Zu Ûmam hñVmj[aV Z {H$`m OmVm h¡& J) {ZJ{_V {ZH$m` Ho$ _m_bo _| CgHo$ A{YH$mar `m {b{IV ê$n _| {d{YdV² n«m{YH¥$V {H$gr AQ>Zu Ûmam hñVmja Z {H$E OmVo h¡§& 2. n«m°Šgr H$s Eogr {bIV Omo {H$gr eoàYmaH$ Ûmam, Omo{H$ {H$gr H$maUde AnZm Zm_ Zht {bI gH$Vm / gH$Vr h¡, Vmo `{X CgH$m {Mh³ Cg na bJm`m OmVm h¡ Am¡a Cgna {H$gr OO, _

{OñQó>Q>, a{OñQ´>ma `m Eí`ya|g g~-a{OñQ´>ma `m AÝ` gaH$mar amOn{ÌV A{YH$mar `m B§{S>`Z ~¢H$ Ho$ A{YH$mar Ûmam hñVmj[aV {H$`m OmVm h¡ Vmo Cgo n`m©á ê$n go hñVmj[aV _mZm OmEJm&3. H$moB© ^r n«m°Šgr V~ VH$ d¡Y Zht hmoJr O~ VH$ {H$ dh {d{YdV² ñQ>m§{nV Zht hmo Am¡a {ZåZ{b{IV nVo na H$_ go H$_ dm{f©H$ gm_mÝ` ~¡R>H$ H$s VmarI Ho$ Mma {XZ nhbo _w»VmaZm_o `m AÝ`

n«m{YH$mar Ho$ gmW, `{X H$moB© hmo {OgHo$ A§VJ©V dh hñVmj[aV hmo `m _w»VmaZm_o `m AÝ` n«m{YH$ma H$s n«{V Omo {H$ {H$gr ZmoQ>ar npãbH$ `m _{OñQó>Q> Ûmam gË` n«{V Ho$ ê$n _| n«_m{UV {H$`m J`m hmo, O~ VH$ {H$ Eogm _w»VmaZm_m `m AÝ` n«m{YH$ma nhbo hr O_m {H$`m J`m hmo Am¡a ~¢H$ Ho$ gmW n§OrH¥$V {H$`m J`m hmo&

B§{S>`Z ~¢H$ n«YmZ H$m`m©b` {ZdoeH$ godm H$j, 3dr Vb Z§. 66, amOmOr gmb¡ MoÝZ¡ 600 001

Ho${_`mo H$mnm}aoQ> g{d©gog {b{_Qo>S> `y{ZQ> … B§{S>`Z ~¢H$ gw~«_{U`Z {~pëS§>J 1, Šb~ hmCg amoS> MoÝZ¡ 600002

4. ~¢H$ Ho$ nmg O_m H$s JB© n«m°Šgr H$s {bIV An«{Vg§haUr` Am¡a A§{V_ hmoJr&5. n«m°Šgr H$m {bIV {dH$ën Ho$ ê$n _| Xmo bmoJm| Ho$ nj _| {XE OmZo Ho$ _m_bo _| EH$ go A{YH$ \$m_© {Zînm{XV Zht {H$`m OmEJm&6. Eogo eoàYmaH$ H$mo {OÝhm|Zo n«m°Šgr H$s {bIV {Zînm{XV H$s hmo, dm{f©H$ gm_mÝ` ~¡R>H$ go {Oggo Eogr {bIV g§~§{YV hmo ì`pŠVJV ê$n go dmoQ> H$aZo Ho$ {bE hH$Xma Zht hmoJm&7. H$moB© ^r ì`pŠV Omo B§{S>`Z ~¢H$ H$m A{YH$mar `m H$_©Mmar hmo, {d{YdV, n«m{YH¥$V n«{V{Z{Y `m n«m°Šgr Ho$ ê$n _| {Z`wŠV Zht {H$`m OmEJm&


199

Head Offi ce : 66. Rajaji Salai, Chennai - 600 001ATTENDANCE SLIP

(To be surrendered at the time of entry to the Venue)

Date : June 29, 2009

Time : 10.00 a.m.

Venue : IMAGE, MRC Nagar, Raja Annamalaipuram, Chennai - 600 028.

Regd. Folio DP ID

Client ID


Name of the Shareholder

Number of Shares

I hereby record my presence at the 3rd Annual General Meeting of the Bank held on June 29, 2009 at IMAGE, MRC Nagar, Raja Annamalaipuram, Chennai - 600 028.

Signature of the Shareholder / Proxy / Authorized Representative

Head Offi ce : 66. Rajaji Salai, Chennai - 600 001ENTRY PASS

(To be retained throughout the meeting)

Regd. Folio DP ID

Client ID


Name of the Shareholder

Number of Shares

Signature of the Shareholder / Proxy / Authorized Representative

Shareholders / proxy holders / authorized representatives are requested to produce the above Attendance slip, duly signed in accordance with their specimen signature registered with the Bank, along with the entry pass, for admission to the venue. The admission may, however, be subject to verifi cation / 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.

200

iz/kku dk;kZy; 66] jktkth lkyS] psUuS&600 001

CnpñW{V nMu(ñWmZ _| n«doe H$aVo g_` dmng {H$`m OmE)

{XZm§H$ … 29 tuw] 2009

g_` … 10-00 cts

ñWmZ … best] ,evkjlh uxj] jktk v..kkeySiqje] psUuS&600 028-

n§OrH¥$V µ\$mo{b`mo S>rnr AmB©S>r

ŠbmB§Q> AmB©S>r

`{X eoà S>r_¡Q>ar`bmBµÁS> Zht {H$ò JE hm| Vmo (`{X eoà S>r_¡Q>ar`bmBµÁS> {H$E JE hm| Vmo)

eoàYmaH$ H$m Zm_

eoàm| H$s g§»`m

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annual report 0809

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