kalyanjanata.in meew. ceeoegjer mebosme peesmeer cegk³e he´yeboekeÀ b.com, caiib, dip in ucb, dip...

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efo keÀu³eeCe pevelee menkeÀejer yeBkeÀ efue. (ceuìermìsì Mes[³egu[ yeBkeÀ)(jefpe.¬eÀ. MSCS / CR / 1272 / 2017)

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keÀe³e&keÀejer DeefOekeÀejer

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kegÀ. heéfleYee iepeeveve hee³eieebJekeÀj

cegK³e heýebOekeÀ (efo. 31/08/2019He³e&ble)

B.Com, GDC & A

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meew. Je<ee& efJeve³e ieesieìs cegK³e heýebOekeÀ B.Com, CAIIB, Dip in Home Loan, Dip in UCB

Þeer. meboerhe efMeJeepeer peeOeJe cegK³e heýebOekeÀ B.Com, DCA

Þeer. jengue megOeekeÀj ieês cegK³e heýebOekeÀ B.Com, JAIIB

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efo keÀu³eeCe pevelee menkeÀejer yeBkeÀ efue. (ceuìermìsì Mes[îegu[ yeBkeÀ) veeWoCeerke=Àle Je cegK³e keÀe³ee&ue³e - ’keÀu³eeCecemleg“ Deesce efJepe³eke=À<Ce Deheeì&ceWì, DeeOeejJee[er, keÀu³eeCe (he.)

(jefpe.¬eÀ. MSCS / CR / 1272 / 2017)

46 J³ee Jeee|<ekeÀ meJe&meeOeejCe meYes®eer met®evee

(kesÀJeU meYeemeoebmeeþer)

me. ve. efJe. efJe.

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meYesheg{erue efJe<e³e

1. meb®eeuekeÀ ceb[Ueves meeoj kesÀuesu³ee efo. 31.03.2019 jespeer mebheuesu³ee Deee|LekeÀ Je<ee&®³ee DenJeeuee®eer veeWo IesCes. lemes®e meve 2019-20 ®³ee Deboepehe$ekeÀe®eer veeWo IesCes.

2. JewOeeefvekeÀ uesKeehejer#ekeÀebveer leheemeuesuee efo. 31.03.2019 jespeer®ee leeUsyebo, veHeÀe-leesìe he$ekeÀ DeeefCe uesKeehejer#eCe DenJeeue mJeerke=Àle keÀjCes. lemes®e ceeieerue Je<ee&®³ee JewOeeefvekeÀ uesKeehejer#eCee®³ee oes<eog©mleer DenJeeuee®eer veeWo IesCes.

3. meb®eeuekeÀ ceb[Ueves meg®eefJeuesu³ee meve 2018-19 meeue®³ee veHeÀe JeeìCeerme cebpegjer osCes.

4. meve 2019-20 meeþer JewOeeefvekeÀ uesKeehejer#ekeÀeb®eer vesceCetkeÀ keÀjCes.

5. GheefJeOeer og©mleerme cebpegjer osCes.

6. meb®eeuekeÀ Je l³eeb®es veelesJeeF&keÀ ³eebvee efouesu³ee keÀpee&®eer veeWo IesCes.

7. ³ee meJe&meeOeejCe meYesme DevegheeqmLele Demeuesu³ee meJe& meYeemeoeb®eer DevegheeqmLeleer #eceeefhele keÀjCes.

meb®eeuekeÀ ceb[Ue®es DeeosMeevegmeej keÀu³eeCe. Delegue vee. efKejJe[keÀjefo. 10.08.2019 cegK³e keÀe³e&keÀejer DeefOekeÀejer

ìerhe : ieCemebK³es®³ee DeYeeJeer meYee lenketÀye Peeu³eeme Jejerue meYee l³ee®e efþkeÀeCeer, l³ee®e efoJeMeer DeO³ee& leemeeves Yejsue Je l³ee meYesme ieCemebK³es®es yebOeve DemeCeej veener.

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efJeMes<e met®evee

1. meYeemeoebvee DenJeeuee®³ee Deveg<ebieeves he´Mve efJe®eejeJe³ee®es Demeleerue Deiej met®evee keÀjeJe³ee®³ee Demeleerue lej l³ee efo. 17.09.2019 he³e¥le cegK³e keÀe³ee&ue³eele keÀe³ee&ue³eerve JesUsle uesKeer heeþJeeJ³eele. meYesceO³es HeÀÊeÀ meYes®³ee efJe<e³e heef$ekesÀleerue efJe<e³eebyeeyele®e ®e®ee& kesÀueer peeF&ue ³ee®eer veeWo I³eeJeer.

2. p³ee meYeemeoeb®ee heÊee, MeeKee DeLeJee Keeles ¬eÀceebkeÀ yeoueuee Demesue Je veJeerve heÊee (heÊ³ee®³ee hegjeJ³eemen), MeeKee Je Keeles ¬eÀceebkeÀ yeBkesÀme keÀUefJeuee vemesue lej l³eebveer meoj ceeefnleer yeBkesÀ®³ee cegK³e keÀe³ee&ue³e MesDej efJeYeeieele lJeefjle keÀUefJeC³ee®eer J³eJemLee keÀjeJeer. lemes®e p³ee meYeemeoeb®eer Deeheu³ee yeBkesÀle Keeleer veenerle l³eebveer Deeheu³ee ueeYeebMeeyeeyele cegK³e keÀe³ee&ue³e MesDej efJeYeeieele keÀe³ee&ue³eerve JesUsle mebheke&À meeOeeJee. leerve Je<ee&®es Jej jeefnuesuee ueeYeebMe iebieepeUerle pecee neslees Je lees meYeemeoebvee oslee ³esle veener ³ee®eer ke=Àhe³ee veeWo I³eeJeer.

3. Yeejleer³e efjPeJn& yeBkesÀ®³ee met®evesvegmeej, meJe& meYeemeoebveer Je Keelesoejebveer kesÀ. Jee³e. meer. (KYC) yeeyele®³ee keÀeieohe$eeb®eer hetle&lee keÀjCes, DeeJeM³ekeÀ Deens. kesÀ. Jee³e. meer ®eer hetle&lee Peeueer vemeu³eeme Deeheu³ee MeeKesle mebheke&À keÀjeJee. ieénkeÀeb®³ee Keel³eeJejerue

KYC ®³ee Hetle&lesHećeeCes ieénkeÀeb®es HeÊes veceto kesÀues peeleerue.

4. meYesme ³esleevee ke=Àhe³ee yeBkesÀ®es DeesUKehe$e IesTve ³eeJes.

5. meYeemeoebveer Jeejmee®es veeJe veeWoefJeues vemeu³eeme Jeejmee®³ee veebJee®eer veeWo keÀ©ve I³eeJeer.

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The Kalyan Janata Sahakari Bank Ltd., (Multi State Scheduled Bank)Registered Office & Head Office: “Kalyanam_astu”, Om Vijaykrishna Apt., Adharwadi, Kalyan (W)

(Regd. No. MSCS / CR / 1272 / 2017)

NOTICE FOR THE 46th ANNUAL GENERAL MEETING

(Only for Members)Dear Sir/Madam, This is to inform you that the 46th Annual General Meeting of the Bank is scheduled at 10.00 a.m. on Sunday 22.09.2019 at Navrang Banquet Hall, Near Fortis Hospital, Bail Bazar, Kalyan (W) to deliberate on the following agenda. We request you to attend the meeting in time.

Agenda of the Meeting

1) To consider Annual Report of the Bank tabled by the Board of Directors for year ended 31st March, 2019 and budget for the year 2019-20.

2) ToconsiderandadoptauditedProfit&LossAccountfortheyear2018-19andBalanceSheetas at 31stMarch2019&StatutoryAuditor’sReportfortheYear2018-19oftheBankasalsotonote compliance report of last year’s statutory audit.

3) Toapprovedistributionofprofitfortheyear2018-19asproposedbytheBoardofdirectors.4) To appoint the Statutory Auditors of the Bank for the year 2019-20. 5) To approve amendments to bye laws. 6) To note the loans granted by the bank to the members of the Board and their relatives. 7) To condone the absence of the members who are not present at today’s Annual General

Meeting.

Kalyan By order of the Board of Directors

Date:10.08.2019 Atul N. Khirwadkar

Chief Executive Officer

Note: If the meeting is adjourned for want of quorum, the same shall be held after half an hour on the same day at the same venue and the requirement of quorum will not be mandatory for such adjourned meeting.

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Important Notice to members1) Members desirous of making suggestions or raising questions in respect of the annual

reportmaysubmit thesame inwriting to theHeadOfficeupto17.09.2019duringofficehours. Please note that question on the items of agenda will only be considered for discussion in the meeting.

2) Members are required to notify the change in address (along with address proof), branch and / or account number, if any, to theHeadOffice.Thosememberswhodo not haveaccountwithourbankarerequestedtocontactShareDept.HeadOfficeforclaimingtheirdividendduringofficehours.Membersarerequestedtopleasenotethatdividendunpaidfor more than three years is transferred to reserves & thereafter the same cannot be paid to members.

3) All members are required to comply with KYC requirements as advised by RBI. Members are requested to contact their concerned Branch in this regard, if uncomplied till date. Addresses of the customers will be updated as per the KYC documents submitted by them for their respective account.

4) Members are requested to attend the meeting along with membership identity card issued by the bank.

5) Members are requested to avail the facility of Nomination, if not availed so far.

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cegoleþsJeeRJejerue J³eepee®es oj (efo. 30.09.2018 heemetve)

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yeBkesÀ®³ee efJeMes<e þsJe ³eespevee keÀu³eeCe keÀj ye®ele cegoleþsJe ³eespevee 7.40% J³eepe - J³eepe cegÎueeyejesyej cegole mebhelesJesUer - ®e¬eÀJee{ J³eepe he×leerves 7.65% J³eepeoj - ceeefmekeÀ DeLeJee $ewceeefmekeÀ heOoleerves (mejUJ³eepe heOoleerves) peemleerle peemle ©. 1.50 ueeKe Dee³ekeÀj keÀe³eÐee®³ee keÀuece 80 C Debleie&le JepeeJeì GheueyOe

keÀu³eeCe efkeÀMeesj - efkeÀMeesjer ye®ele þsJe ³eespevee HeÀÊeÀ ` 50/- Ye©ve Keeles meg© keÀje DeeefCe S. ìer. Sce. keÀe[&®eer ceesHeÀle megefJeOee efceUJee. Je³eesieì - 10 les 18 Je<e&

keÀu³eeCe ³egJee ye®ele þsJe ³eespevee keÀenerner jkeÌkeÀce ve Yejlee Keeles GIe[C³ee®eer megefJeOee. Fbìjvesì yeBeEkeÀie, ceesyeeF&ue yeBeEkeÀie Je ©hes [sefyeì keÀe[& F. ceesHeÀle megefJeOee efceUJee. Je³eesieì - 18 les 25 Je<e&

ue#eeOeerMe / heb®eue#eeOeerMe ³eespevee

he´efleceen iegbleJeCetkeÀ cegole cegoleerveblej efceUCeejer jkeÌkeÀce1 ` 3,900/- 24 ceefnves ` 1,01,228/-2 ` 2,500/- 36 ceefnves ` 1,01,135/-3 ` 1,400/- 60 ceefnves ` 1,01,105/-4 ` 19,300/- 24 ceefnves ` 5,00,951/-5 ` 12,400/- 36 ceefnves ` 5,01,630/-6 ` 7,000/- 60 ceefnves ` 5,05,526/-

DeefveJeemeer Yeejleer³eeb®³ee (NRE) cegole þsJeeRJejerue J³eepee®es oj DeefveJeemeer Yeejleer³eeb®³ee, Yeejleer³e ©he³eeleerue þsJeer yeBkesÀ®³ee 40 MeeKeebceO³es mJeerkeÀeju³ee peeleele.keÀeueeJeOeer J³eepeoj

12 ceefnv³eebhes#ee peemle les 36 ceefnves 7.40%NRE ye®ele Keeles - 3.50%

36 ceefnv³eebhes#ee peemle les 60 ceefnves 7.05%

8 8

INTEREST RATES ON TERM DEPOSITS (W.E.F. 30.09.2018)

Tenor Individual Regd. Co-op. Soc. Senior Citizens7 days to 14 days 3.65% 3.65% 3.90%15 days to 45 days 4.15% 4.15% 4.40%46 days to 90 days 4.90% 4.90% 5.15%91daysto180days 5.15% 5.15% 5.40%181daysto1year 6.15% 6.15% 6.40%Above 1 year to 3 years 7.50% 7.50% 8.00%Above 3 years to 5 years 7.15% 7.15% 7.40%Above 5 years to 10 years 6.90% 6.90% 7.15%

SPECIAL DEPOSIT SCHEMES Kalyan Tax Saving Interest @ 7.40% p.a. for RPD - Cumulative Scheme option - Compounded Quarterly Interest @ 7.65% p.a. - Monthly or Quarterly Simple Interest Maximum Rs. 1.50 lakh TaxDeduction-U/s80CofIncomeTaxAct

Kalyan Kishor – Kishori Saving Deposits Deposit only ` 50/- & enjoy free facilities such as ATM Card AgeGroup–10to18Years

Kalyan Yuva Saving Deposits Open A/c with Zero balance & enjoy free facilities such as Internet Banking, Mobile Banking,

& Rupay Debit Card AgeGroup–18to25Years

Lakshadhish / Panchlakshadhish SchemeMonthly Investment Tenor Maturity Value

1 ` 3,900/- 24 Months `1,01,228/-2 ` 2,500/- 36 Months ` 1,01,135/-3 ` 1,400/- 60 Months ` 1,01,105/-4 ` 19,300/- 24 Months ` 5,00,951/-5 ` 12,400/- 36 Months ` 5,01,630/-6 ` 7,000/- 60 Months ` 5,05,526/-

Interest Rates on Term Deposit (NRE)NRE Deposits are accepted at 40 authorized Branches of the Bank

Tenor Interest rateAbove 12 Months to 36 Months 7.40% NRE Saving A/c – 3.50%Above 36 Months to 60 Months 7.05%

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46 Jee Jeee|<ekeÀ DenJeeue meve 2018-19

mevceeveveer³e, meYeemeo yebOet YeefieveeRvees,

mehe´sce vecemkeÀej,

Deeheu³ee yeBkesÀ®³ee 46 J³ee Jeee|<ekeÀ meJe&meeOeejCe meYesle cee. meb®eeuekeÀ ceb[Ue®³ee Jeleerves DeeheCee meJee¥®es mJeeiele.

yeBkesÀ®es efo. 31 cee®e&, 2019 jespeer®es uesKeehejer#eerle Peeuesues leeUsyebo DeeefCe veHeÀe leesìe he$ekeÀ Je JewOeeefvekeÀ uesKeehejer#ekeÀeb®ee Deee|LekeÀ Je<e& 2018-19 ®ee DenJeeue lemes®e 46 Jee Jeee|<ekeÀ DenJeeue DeeheCeeheg{s men<e& meeoj keÀjerle Deens.

peeieeflekeÀ Deee|LekeÀ heefjeqmLeleer -

iesu³ee keÀener ceefnv³eebceO³es peeieeflekeÀ Deee|LekeÀ Guee{eueer®ee Jesie keÀenermee ceboeJeuesuee Deens. efJekeÀefmele DeLe&J³eJemLeebhewkeÀer, DecesefjkesÀ®ee mekeÀue jeäêr³e Glheeovee®³ee Jee{er®ee Jesie ceboeJeuesuee efomele Deens. ³ee®es keÀejCe Glheeoveele Peeuesueer Ieì. l³ee®ee heefjCeece J³eJemee³eeJej DeeefCe Deee|LekeÀ ef¬eÀ³eeMeeruelesJej Peeuee Deens. ³egjesefhe³eve osMeeble osKeerue, Debleie&le ceeieCeer®eer keÀcelejlee, De[®eCeerleerue peeieeflekeÀ heefjeqmLeleer, J³eJemee³eeyeeyele®ee ceboeJeuesuee DeelceefJeéeeme ³ee®ee heefjCeece mekeÀue jeäêr³e Glheeovee®³ee Jee{erJej Peeuesuee efomele Deens. Fbiueb[®³ee Deee|LekeÀ J³eJemLesJej, ye´seqkeÌPeì yeeyele®eer Deefveeq½elelee, #eerCe Peeuesues DeewÐeesefiekeÀ Glheeove ³ee®ee heefjCeece Peeuesuee efomele Deens. peheeveceO³es iegbleJeCetkeÀerJejerue Jee{lee Ke®e& Je osMeebleie&le ieénkeÀeshe³eesieer Jemletb®³ee Ke®ee&leerue Jee{ ³eecegUs peheeve®eer DeLe&J³eJemLee Jee{er®³ee efoMesves peele Deens. hejbleg J³eeJemeeef³ekeÀ efJeéeemeen&lee DeeefCe DeewÐeesefiekeÀ Glheeove ³eeyeeyele®eer efJeoe (Data) heenlee Deee|LekeÀ Je=×er keÀenerMeer ceboeJeuesueer Jeeìles. keÀener cenlJee®³ee efJekeÀmeveMeerue DeLe&J³eJemLeebceO³es osKeerue Deee|LekeÀ Guee{eueeR®ee Jesie Leb[eJeuesuee efometve ³eslees. ®eerve®³ee DeLe&J³eJemLes®ee Jesie Kethe Je<ee&veblej ceboeJeuesuee efomele Deens. efve³ee&leerceO³es DeeefCe efkeÀjkeÀesU efJe¬eÀerle Ieì Peeu³eeves jefMe³ee®eer DeLe&J³eJemLee ceboeJeueer Deens. DeefuekeÀ[®³ee keÀeUehe³e¥le yeéefPeue ceefOeue ogye&ue mesJee #es$e DeeefCe ceboeJeuesues DeewÐeesefiekeÀ Glheeove ³eele keÀener hećeeCeele Ieì Peeu³eeves, leer DeLe&J³eJemLee megOeejC³eemeeþer lees osMe DeeìeskeÀeì he´³elve keÀjerle Deens. Keefvepe lesuee®³ee ceeieCeerle Peeuesueer Ieì DeeefCe lesue Glheeove keÀjCeeN³ee osMeebceOetve Peeuesues DeefleefjÊeÀ Glheeove ³ee®ee heefjCeece cnCetve ces ceefnv³ee®³ee ceO³eblejer lesuee®³ee eEkeÀceleer Peheeì³eeves Keeueer Deeu³ee. efJeefJeOe osMeeleerue KeeueeJeuesueer jepekeÀer³e heefjeqmLeleer DeeefCe Jee{eryeeyele®eer peesKeerce, ³ee®ee heefjCeece iegbleJeCetkeÀerme megjef#ele he³ee&³e Demeuesu³ee meesv³ee®³ee eEkeÀceleerle ces 2019 ®³ee DeKesjerme Jee{ nesC³eeJej Peeuee. SkeÀe yeepetuee ®eerve DeeefCe DecesefjkeÀe ³eeb®³eeceO³es Ye[keÀuesues J³eeheej ³eg× Je ogmeN³ee yeepetuee DecesefjkesÀves FjeCeJej ueeouesues efveye¥Oe, ³eecegUs peeieeflekeÀ Je efÜhe#eer³e J³eeJemeeef³ekeÀ mebyebOe efyeIe[u³ee®es peeCeJeles. YeefJe<³eele ne leeCe efkeÀleer keÀeU jenerue ³ee®eer Deefveeq½elelee Demeu³eeves l³ee®ee heefjCeece Deeblejjeäêr³e J³eeheejeJej ceesþ³ee hećeeCeele efometve ³esF&ue. keÀceer nesCeejer peeieeflekeÀ Deee|LekeÀ Guee{eue, keÀenerMee eqmLej DeLeJee keÀceer nesCeeN³ee J³eeheejer ceeuee®³ee eEkeÀceleer, ³eecegUs hećegKe efJekeÀefmele osMeebceO³es lemes®e keÀener cenlJee®³ee efJekeÀmeveMeerue DeLe&J³eJemLeebceO³es, ®eueveJee{er®ee oj keÀceer jeefnuee.

Yeejlee®eer Deee|LekeÀ heefjeqmLeleer - DeeOeer®³ee DenJeeueevegmeej, meve 2019-20 ceO³es mekeÀue jeäêr³e Glheeove Jee{er®ee oj 7… Jele&efJeuee neslee Je heefnu³ee DeOe&Je<ee&le lees 6.4… les 6.7… ®³ee ojc³eeve Demesue DeeefCe ogmeN³ee DeOe&Je<ee&le lees 7.2… les 7.5… ®³ee ojc³eeve Demesue. hejbleg DeewÐeesefiekeÀ #es$ee®ee Dee{eJee Ieslee Demes ue#eele Deeues keÀer Debleie&le ceeieCeer Je Debelejjeäêr³e ceeieCeer keÀceer Peeuesueer Deens. keÀ®®³ee ceeuee®³ee eEkeÀceleer keÀceer Peeu³ee ner Jee{ermeeþer ®eebieueer yeeye Deens. heCe he´l³e#eele heefnu³ee efleceenerle ceeieCeer keÀceer jeefnueer. HesÀye´gJeejer, 2019 ceO³es Deee|LekeÀ OeesjCeele megueYelee DeeCeu³eeves DeLe&J³eJemLesme ®eeuevee efceUsue, Demee Deboepe neslee. hejbleg l³ee®es heefjCeece he´l³e#eele ®eeuet Deee|LekeÀ Je<ee&le ogmeN³ee menecenerle efomeleerue. ³ee meJe& yeeyeeR®ee efJe®eej keÀjlee, mekeÀue jeäêr³e Glheeove Jee{er®ee Dee{eJee IesC³eele Deeuee Je Jee{er®ee oj 7.4… jenerue, heefnu³ee menecenerle 7.5… - 7.6… Je ogmeN³ee menecenerle 7.3… - 7.4… Demee Deboepe Jele&efJeuee. meve 2020-21 meeþer meoj Jee{er®ee oj heefnu³ee efleceenerle 7.4… jenerue, Demee Deboepe Deens. peeieeflekeÀ yeBkesÀ®³ee DenJeeueevegmeej ®eerve®ee Deee|LekeÀ Je=×eroj meve 2019 DeeefCe 2020 ceO³es 6.2… he³e¥le IemejC³ee®eer MekeÌ³elee Deens Je meve 2021 ceO³es 6… he³e¥le ³esF&ue Demee Deboepe Deens. cnCepes®e Yeejleer³e DeLe&J³eJemLee ner peeieeflekeÀ heeleUerJej Jesieeves Jee{Ceejer SkeÀcesJe DeLe&J³eJemLee Demesue. Yeejlee®ee Deee|LekeÀ efJekeÀemeeyeeyele®³ee Je=×er®ee oj Depetvener cepeyetle Deens. ceeieCeer Je ieénkeÀeefYecegKe Jemleg®³ee Keheeves Iesleuesueer GmeUer DeeefCe keÀpe& J³eJenejeleerue Jee{ ³eeb®³ee heefjCeecemJe©he Deee|LekeÀ Je=×erme ®eeuevee efceUeuesueer Deens. veesìeyeboer lemes®e Jemlet Je mesJee keÀj ³eemeejK³ee yeeyeeR®es leelkeÀeefuekeÀ yejsJeeF&ì heefjCeece efveJeUu³eecegUs, iegbleJeCetkeÀerceO³es Jee{ nesle Deens.

10 10

J³eJemee³e keÀjC³ee®³ee megefJeOesyeeyele®³ee peeieeflekeÀ heeleUerJejerue ¬eÀceJeejerceO³es Yeejleeves Deeheues mLeeve yeN³ee®e hećeeCeele Jejleer DeeCeues Deens. Jemlet DeeefCe mesJee keÀjeleerue megmet$eerkeÀjCe, yeBkeÀebvee keÀjC³eele ³esCeeje Yeeb[Jeue hegjJeþe ³eemeejK³ee mebj®eveelcekeÀ megOeejCeebcegUs jeäêr³e heeleUerJejerue ceeieCeerceO³es Je=×er efomele Deens. ceeieCeerceOeerue Je=×ercegUs ®eeuet Keel³eeJejerue letì heg{erue Je<eea mekeÀue jeäêr³e Glheeovee®³ee 2.6… he³e¥le Jee{C³ee®eer MekeÌ³elee Deens. meve 2019-20 ceO³es, GheYeesÊeÀe cetu³e efveoxMeebkeÀevegmeej, efkeÀjkeÀesU ®eueveJee{ ner heefnu³ee DeOe&Je<ee&le 3.1… Demesue DeeefCe ogmeN³ee DeOe&Je<ee&le 3.5… les 3.7… ®³ee ojc³eeve Demesue. Jemlet DeeefCe mesJee keÀj heĆeeueer Je veesìeyeboer ³eecegUs Deefve³ebef$ele #es$eele nesCeeN³ee Deee|LekeÀ Guee{eueer efve³ebef$ele #es$eeceO³es ³esleerue Demes Jeeìles. Demes ner cnìues peeles keÀer, Yeejleer³e DeLe&J³eJemLee mebYeeJ³e Je=×er ojehes#ee peemle ojeves Jee{ oeKeJele Deens, ns SkeÀ ®eebieues ue#eCe Deens. Yeejlee®eer Deee|LekeÀ Je=×er®eer keÀeceefiejer Del³eble heÝeeJeMeeueer Deens. ojJe<eea Yeejleeves me#ece Demee Je=×eroj veeWoefJeuesuee Deens. heécegK³eeves hesìêsefue³ece DeeefCe FueskeÌìê@efvekeÌme #es$ee®³ee mene³³eeves Yeejlee®eer efve³ee&le meve 2018-19 ³ee keÀeUeceO³es Jee{tve 9… Jej cnCepes®e US $ 33100 keÀesìerhe³e¥le heesnes®eueer. hejbleg Dee³eeleerceO³esner mecehećeeCeele Jee{ nesTve J³eeheejer letì ceeieerue Je<eea®³ee US $ 16200 keÀesìeRJe©ve US $ 17600 keÀesìeRhe³e¥le heesnes®eueer. Flej osMeeb®³ee, cegK³elJeskeÀ©ve ³egvee³eìs[ mìsìdme Dee@HeÀ DecesefjkesÀ®³ee mJemebj#eCeelcekeÀ efveleeRcegUs / OeesjCeebcegUs Deeuesu³ee peeieeflekeÀ J³eJemee³e ceboer®³ee heeée&YetceerJej Yeejlee®³ee efve³ee&le Je=×er®eer DeekeÀ[sJeejer heécegK³eeves ³eMemJeer cnCetve GuuesefKeuesueer Deens. cee®e&, 2019 DeKesj Demeuesu³ee Yeejlee®³ee hejkeÀer³e ®eueve efveOeerle US $ 161 keÀesìeR®eer Jee{ nesTve meoj efveOeer Dee@iemì, 2019 ceO³es US $ 42900 keÀesìer Peeuee Deens.

yeBeEkeÀie #es$e -

ieleJe<eeameejKes meJee&le JeeF&ì Je<e& iesu³ee oesve oMekeÀebceO³es yeBkeÀebveer heeefnues veJnles. hejbleg meve 2019 ceO³es Yeejleer³e yeBeEkeÀie #es$eeJejerue mebkeÀìs otj nesC³ee®es mebkesÀle efceUle Deensle. ceeieerue keÀener Je<ee&leerue he´l³e#eele ve Glejuesu³ee DeveskeÀ DeeMee DeekeÀeb#eeb®³ee heeée&YetceerJej 2019 Je<e& yeBeEkeÀie #es$eekeÀefjlee veJeerve heneì IesTve ³esCeej Demeu³ee®es efometve ³esle Deens. meve 2019 ceO³es Deveglheeefole keÀpee¥ceOeerue veJ³eeves nesCeejer Jee{ ceboeJeueer Deens. lemes®e ³eehetJeea Peeuesu³ee Deveglheeefole keÀpee&®eer Jemegueer nesC³ee®eer heéf¬eÀ³ee ®eeuet Deens. l³eecegUs 2019 ns Je<e& yeBkeÀebkeÀefjlee hegve©ppeerJevee®es Je<e& þjsue. ³ee®eer hećegKe keÀejCes cnCepes, yeBkeÀebceO³es efometve ³esCeejer efveCe&³e #ecelesleerue efJe<esMele: keÀpe&efJe<e³ekeÀ efveCe&³eeceOeerue efMemle Je efJeJeskeÀ / leejlec³e yeeUieC³ee®eer mepeielee DeeefCe efve³eecekeÀebkeÀ[tve ³esCeejs efveoxMe, yeg[erle nesT heneCeeN³ee Deveglheeefole keÀpee¥®es hegve©ppeerJeve; Jemegueer DeLeJee efJe¬eÀer Fl³eeoer ceeiee&veer J³eJemLee mJe®í keÀjCes Je keÀpex Deveglheeefole nesC³ee®es hećeeCe keÀceer nesCes.

meve 2015 heemetve he´Lece®e Deee|LekeÀ Je<e& 2019 ceO³es SketÀCe Deveglheeefole keÀpee&®³ee hećeeCeele Ieì nesC³ee®eer MekeÌ³elee Demeu³ee®es efjPeJe& yeBkeÀ Dee@HeÀ Fbef[³ee®³ee ’Deee|LekeÀ eqmLejlee DenJeeueeceO³es“ veceto kesÀues Deens. yeBkeÀebveer 2018 ceO³es Deveglheeefole keÀpee¥heesìer kesÀuesu³ee lejlegoeRcegUs yeBkeÀeb®es leeUsyebo meg¢{ Peeuesues efomele Deensle.

IBC, 2016 (Fvmee@uJnvmeer Je yeB¬eÀhmeer keÀes[ 2016) ns JemegueermebyebOeer Debeflece nl³eej Demeu³ee®es ceeveues peele nesles, hejbleg l³eeme Dehesef#ele ³eMe efceUeuesues efometve ³esle veener. LeefkeÀle keÀpe& Jemegueer®eer heéf¬eÀ³ee HeÀej®e mebLe ieleerves ®eeuele Deens. keÀejCe NCLT keÀ[s efveCe&³eekeÀjerlee oeKeue Demeuesu³ee he´keÀjCeebhewkeÀer 50% he´keÀjCes 180 efoJemeebhes#ee peemle DeeefCe 30… he´keÀjCes 270 efoJemeebhes#ee peemle keÀeU DeefveCe&³eerle mJe©heele heúebefyele (keÀe³eÐeeves þjefJeuesu³ee keÀeueeJeOeerhes#ee peemle keÀeU) Deensle. efjPeJe& yeBkeÀ Dee@HeÀ Fbef[³ee®³ee heéLeefcekeÀ ³eeoerceOeerue meJee&le ceesþ³ee 12 LekeÀyeekeÀeroejebhewkeÀer kesÀJeU 4 he´keÀjCeebceO³es efveCe&³e nesT MekeÀuee Deens. hejbleg ©. 1 ueeKe keÀesìer hes#ee peemle jkeÌkeÀce LeefkeÀle Demeuesu³ee he´keÀjCeebvee DeÐeehener nele ueeieuesuee veener. IBC 2016 ®es he´l³e#e HeÀe³eos heg{erue keÀener Je<ee&le efometve ³esCes Dehesef#ele Deens. megOeejuesueer Jemegueer DeeefCe keÀpex LeefkeÀle nesC³ee®³ee hećeeCeleerue Ieì DeMee ognsjer mJe©heele ns heefjCeece efometve ³esleerue. yengleebMeer mecem³eeb®es efvejekeÀjCe DeeefCe yeBkeÀebvee l³eeb®es keÀe³e&he×leerceOeerue megOeejCeebvee JeeJe efceUCes Dehesef#ele Demeu³eeves meve 2019 ns Je<e& yeBkeÀebkeÀefjlee SkeÀ mekeÀejelcekeÀ keÀueeìCeer osCeejs Je<e& þjsue. cebo ieleerves keÀe nesF&vee hejbleg HeÀÊeÀ mekeÀejelcekeÀ yeoue ³esCeeN³ee keÀeUele Dehesef#ele Deensle.

yeBkeÀ Dee@HeÀ yejes[e, efJepe³ee yeBkeÀ DeeefCe osvee ye@bkeÀ ³ee $e³eeR®³ee efJeefueveerkeÀjCee®³ee ³eMeecegUs, YeejleeceO³es DeveskeÀ ueneve Je keÀcekegÀJele yeBkeÀebhes#ee Lees[³ee®e hejbleg me#ece Je meMeÊeÀ yeBkeÀeb®eer iejpe Deens ne efJe®eej peesj Oejle Deens. Yeejleeleerue DeÐeehehe³e¥le®eer yeBkeÀ efJeefueveerkeÀjCeeb®eer heéf¬eÀ³ee ner heécegK³eeves yegef[le Peeuesu³eebvee Jee®eefJeC³ee®³ee GÎsMeebveer Peeuesueer Deens. hejbleg Deelee®³ee leerve yeBkeÀeb®³ee efJeefueveerkeÀjCee®eer heéf¬eÀ³ee DeeOeer®³ee hećeeCes vemetve l³ee®ee GÎsMe ceesþ³ee hećeeCeebJejerue Deee|LekeÀ J³eJenejeb®³ee SkeÀef$ekeÀjCee®es HeÀe³eos IesCes Je efJeefJeOe he´keÀej®³ee mesJee DeeefCe Deee|LekeÀ J³eJenejeb®eer efÜ©ÊeÀer ìeUCes ne Deens. ³ee efJeefueveerkeÀjCee®³ee ³eMeecegUs mejkeÀejuee ³eehe´keÀejs DeeCeKeer yeBkeÀeb®³ee efJeefueveerkeÀjCeeme ceeie& efceUt MekesÀue.

11

iesu³ee 53 Je<ee&leerue meJee&le keÀceer DeMee 3… ojeves Peeuesu³ee veesJnWyej 2017 ceOeerue þsJeJee{er®es heeée&YetceerJej meve 2019 ®es Deee|LekeÀ Je<ee&le þsJeJee{er®ee oj 10… he³e¥le heesnes®euee Deens. Keepeieer yeBkeÀeb®³ee þsJeJee{erceO³es, meelel³eeves meeJe&peefvekeÀ yeBkeÀebhes#ee peemle Jee{ Peeueer Demeueer lejer meeJe&peefvekeÀ #es$eeleerue yeBkeÀeb®³ee þsJeJe=×erceO³es meelel³eeves Jee{er®ee keÀue Deens. þsJeJee{ DeeefCe keÀpe&Jee{ ³eeleerue leHeÀeJele Depetvener Demeueer lejer meoj HeÀjkeÀ yeN³eehewkeÀer keÀceer nesTve 13.2… FlekeÀer keÀpee&ceOeerue Je=×er ³ee keÀeueeJeOeerceO³es efomele Deens. iesu³ee 5 efleceeneRceO³es Keepeieer #es$eeleerue yeBkeÀeb®ee keÀpe&Je=×er®ee oj meelel³eeves 20… he³e¥le Deens. hejbleg meeJe&peefvekeÀ #es$eeleerue yeBkeÀeb®ee keÀpe&Je=×er oj 8.4… FlekeÀe®e jeefnuee Deens. Yeejleeleerue yeBeEkeÀie #es$eeleerue keÀpex Je þsJeeR®es iegCeesÊej 77.6… he³e¥le megOeejuesues Deens. efjPeJe& yeBkeÀ Dee@HeÀ Fbef[³ee®³ee SkeÀe meO³ee®³ee DeY³eemeeceO³es yeBkeÀeb®³ee þsJeeRceOeerue ®e{Gleejeb®³ee keÀejCeebJej heÝeeJe ìekeÀCeeN³ee efJeefJeOe yeoueeb®es efJeMues<eCe keÀjC³eele Deeues Deens. meoj DenJeeueevegmeej mejkeÀejer heeleUerJej ’Deee|LekeÀ meceeJesMekeÀlesme” (Financial Inclusion) GÊespeve efou³eeves þsJeJee{eRJej mekeÀejelcekeÀ heefjCeece Peeuesuee Deens. ³ee J³eefleefjÊeÀ mejkeÀejer ye®ele ³eespeveebJejerue keÀceer nesle peeCeeje hejleeJee ns meg×e yeBkeÀebkeÀ[erue þsJeer Jee{C³eekeÀjerlee SkeÀ cenlJee®es keÀejCe Deens.

yeBkesÀ®eer keÀeceefiejer DeeefCe heíeleer

meeueeyeeohećeeCes ³eeJe<eeaner Deeheu³ee yeBkesÀves meJee¥ieerCe keÀeceefiejer keÀ©ve yeBeEkeÀie peieleeleerue De[LeU³eebJej ceele keÀ©ve heíeleerMeerue jenC³ee®eer hejbheje peesheemeueer Deens. DeeheCeeheg{s meeoj keÀjC³eele ³esCeeN³ee uesKeehejer#eCe Peeuesu³ee leeUsyebo DeeefCe veHeÀeleesìe he$ekeÀeletve ner yeeye mheä efometve ³esF&ue. Deee|LekeÀ heefjCeebcee®ee leheMeerue DeeheCeeheg{s meeoj keÀjC³eehetJeea keÀener þUkeÀ yeeyeeR®ee GuuesKe Lees[keÌ³eele keÀjerle Deens. ³eeJe<eea Deeheu³ee yeBkesÀves SkeÀef$ele J³eJemee³ee®es DeeCeKeer SkeÀ G®®e efMeKej ieeþues Deens. DenJeeue Je<ee&ceO³es SkeÀef$ele J³eJemee³e ieleJe<eea®³ee ` 4840.65 keÀesìeRJe©ve Jee{tve ` 5175.98 keÀesìerJej heesnes®euee Deens. ³ee ³eMee®es meJe& Þes³e yeBkesÀ®es YeeieOeejkeÀ, þsJeeroej, keÀpe&oej, meb®eeuekeÀ ceb[U, meJe& keÀce&®eejer, ieénkeÀ Je efnleeE®elekeÀ ³eebvee peeles. ³ee meJee¥veer meelel³eeves he´l³e#e Jee Dehe´l³e#eheCes he´sjCee osTve melele heéslmeeefnle kesÀu³eecegUs®e Je<ee&vegJe<ex DeMeer GÊece keÀeceefiejer yeBkesÀves kesÀuesueer Deens.

YeeieYeeb[Jeue DeeefCe YeeieOeejkeÀ

DenJeeue Je<ee&ceO³es yeBkesÀ®es YeeieYeeb[Jeue ieleJe<ee&hes#ee ` 34.59 keÀesìerves Jee{tve (45.36…) ` 110.84 keÀesìer FlekesÀ Peeues. meYeemeo mebK³esceO³es 1495 meYeemeoeb®eer Jee{ nesTve meYeemeomebK³ee 56648 FlekeÀer Peeueer. ³ee efve³eefcele meYeemeoebJ³eeflejerÊeÀ veececee$e meYeemeoeb®eer mebK³ee 6267 FlekeÀer Peeueer. ³eehewkeÀer 1267 veececee$e meYeemeo keÀpe&oej Demetve Flej meYeemeoeb®³ee keÀpee&keÀefjlee 5000 veececee$e meYeemeo peeceerveoej Deensle.

mJeefveOeer

YeeieYeeb[Jeue, DeefleefjÊeÀ veHeÀe Je meJe&meeOeejCe efveOeer efceUtve Demeuesu³ee mJeefveOeer®eer jkeÌkeÀce ` 206.85 keÀesìer FlekeÀer Peeueer Deens. mJeefveOeer yeBkesÀ®³ee Deee|LekeÀ #eceles®ee ceeheob[ Demetve ³eeleerue SkeÀmeceeve Je megmebye× Jee{ yeBkesÀ®eer oceoej DeeefCe meg¢{ Deee|LekeÀ eqmLeleer oMe&efJeles.

Yeeb[Jeue he³ee&hlelee

DeeheCeebme keÀuhevee Deens®e keÀer, Deeheueer yeBkeÀ meelel³eeves Yeeb[Jeue he³ee&hleles®es efjPeJn& yeBkesÀves Ieeuetve efouesues efvekeÀ<e hetCe& keÀjerle Deens. oerIe& cegole þsJeer Debleie&le®es og³³ece Yeeb[Jeue efJe®eejele IesTve yeBkesÀ®eer Yeeb[Jeue he³ee&hlelee 31.03.2019 jespeer 12.46… FlekeÀer Peeueer Deens. efjPeJn& yeBkeÀ Dee@HeÀ Fbef[³eeves Ieeuetve efouesu³ee keÀceerle keÀceer 9… ³ee efvekeÀ<eehes#ee Deeheueer Yeeb[Jeue he³ee&hlelee peemle Deens.

þsJeer :

³eehetJeea GuuesKe kesÀu³eehećeeCes yeBeEkeÀie #es$eeceO³es ieleJe<ee&le Kethe®e DeeJneves nesleer. DenJeeue Je<ee&ceO³es yeBkesÀ®³ee þsJeer ` 2814.03 keÀesìer (2017-18) Je©ve ̀ 229.45 keÀesìerves Jee{tve ̀ 3043.48 keÀesìerhe³e¥le heesnes®eu³ee. meelel³eeves Jee{CeeN³ee þsJeer ns ieénkeÀeb®³ee yeBkesÀJejerue De{U efJeéeemee®es ÐeeslekeÀ Deens. yeBeEkeÀie #es$eeleerue leerJe´ mheOee&, Keepeieer lemes®e meeJe&peefvekeÀ #es$eeleerue ceesþ³ee yeBkeÀeb®es Dee¬eÀcekeÀ efJeheCeve (Marketing) Demetvener Deeheu³ee yeBkesÀves ieénkeÀJeie& Deeheu³eekeÀ[s DeeCeC³eele ³eMe efceUJetve l³eele meelel³eeves Je=Ooer meeOeuesueer Deens.

12 12

þsJeeRceO³es Jee{ nesTvener Deeheuee þsJeeRheesìer®ee Ke®e& (þsJeeRJej efouesues J³eepe) 2017-18 ®³ee 6.38… heeleUerJe©ve 6.25… FlekeÀe keÀceer Deens, ³ee®ee ³esLes GuuesKe keÀjCes mece³eesef®ele nesF&ue.

ieénkeÀeb®³ee þsJeeR®³ee megj#eskeÀefjlee heéfleieénkeÀ ` 1ueeKe he³e¥le®³ee þsJeeRkeÀefjlee efJec³eeheesìer®ee efJeceenhlee yeBkeÀ efve³eefceleheCes ef[hee@efPeì FvMegjvme DeB[ ¬esÀef[ì ie@jbìer keÀe@hexjsMeve Dee@HeÀ Fbef[³ee ³eeb®eskeÀ[s Yejle Deens. ³eeÜejs he´l³eskeÀ ieénkeÀe®eer ` 1ueeKe he³e¥le®eer þsJe megjef#ele jenerue ³ee®eer yeBkeÀ keÀeUpeer Iesle Deens. DenJeeue Je<ee&ceO³es yeBkesÀves þsJe efJec³eekeÀefjlee, [er. Dee³e. meer. peer. meer. keÀ[s oj meneceenerme Demee Je<ee&letve oesve JesUe ` 173.29 ueeKe veesJnWyej 2018 ceO³es (` 2945.61 keÀesìeR®es þsJeerJej) 1 Dee@keÌìesyej 2018 les 31 cee®e& 2019 ³ee keÀeueeJeOeerkeÀefjlee DeeefCe ` 179.47 ueeKe ces 2019 ceO³es (` 3043.48 keÀesìeR®es þsJeerJej) 1 Sefheúe 2019 les 30 mehìWyej 2019 ³ee keÀeueeJeOeerkeÀefjlee efJecee nhlee Yejuesuee Deens.

keÀpex :

Deee|LekeÀ Je<e& 2018-19 ceO³es yeBeEkeÀie #es$eele keÀpee&leerue Jee{ ner Kethe®e ceboeJeuesueer nesleer. ³ee ceboeJeuesu³ee keÀpe&Je=Ooer®³ee heeée&YetceerJej Deeheu³ee yeBkesÀ®eer ³ee #es$eeleerue keÀeceefiejer meceeOeevekeÀejkeÀ Deens, ns veceto keÀjleebvee ceuee Deevebo nesle Deens. ceeieerue Je<ee&®³ee ` 2026.62 keÀesìeR®es keÀpe&heeleUerJe©ve ` 105.89 keÀesìer jkeÀcesves Jee{tve DenJeeue Je<e&DeKesj yeBkesÀ®eer SketÀCe keÀpex ` 2132.51 keÀesìer FlekeÀer Peeueer.

keÀpe&J³eJenej keÀener Lees[³ee ceesþ³ee Je ceO³ece #es$eebleerue keÀpe&oejebceO³es ce³ee&efole ve þsJelee peemle keÀpe&oej ueIeg DeeefCe met#ce Go³eesie #es$eeleerue IesC³ee®es OeesjCe Deeheu³ee yeBkesÀves vesnceer®e DeJeuebefyeues Deens. ³ee OeesjCeecegUs ceesþ³ee Je ceO³ece keÀpe&oejebvee efouesu³ee keÀpee&cegUs GÓJeCeeje keÀpe&Jemegueerleerue OeeskeÀe keÀceer jnelees. DenJeeue Je<ee&ceO³es yeBkesÀ®eer Deie´¬eÀce #es$eeleerue keÀpex ` 846.39 keÀesìer Deensle Je l³ee®es hećeeCe 41.60 …Deens. lemes®e ogye&ue #es$eemeeþer ` 253.94 keÀesìer jkeÀces®eer keÀpex efoueer Demetve l³ee®es hećeeCe 12.48 … Deens.

Deveglheeefole keÀpe&ë

yeBeEkeÀie #es$eeceOeerue Jee{Ceejer Deveglheeefole keÀpee¥®eer heeleUer ner yeBkesÀkeÀefjlee®e veJns lej efjPeJn& yeBkeÀ Dee@HeÀ Fbef[³ee DeeefCe Meemeveemener SkeÀ eE®eles®eer iebYeerj yeeye Deens. ³ee heeée&YetceerJej Deeheu³ee yeBkesÀ®³ee Deveglheeefole keÀpee&®³ee heeleUerceO³es Ieì Peeuesueer Deens. keÀpe& Keel³eebJej efve³eb$eCe þsJeC³eele Deeuesues ³eMe meceeOeevekeÀejkeÀ Jeeìles. Deee|LekeÀ Je<e& 2017-18 ceOeerue {esyeU 5.71… Je efveJJeU 3.77… Deveglheeefole keÀpe&heeleUerle Ieì nesTve Deee|LekeÀ Je<e& 2018-19 ceO³es ner heeleUer Deveg¬eÀces 3.67… {esyeU Je 2.05… efveJJeU FlekeÀer jeefnueer Deens. Deveglheeefole keÀpex keÀceer keÀjCes®es he´³elveebyejesyej®e ®eebieueer keÀpe&Keeleer Deveglheeefole ÞesCeerceO³es Jeie& nesCeej veenerle ³ee®eerner yeBkeÀ keÀeUpeer Iesle Deens. ³eekeÀefjlee keÀpe&Keel³eeJejerue osKejsKe Jee{efJeC³eele Deeueer Deens. MeeKeeheeleUerJejerue keÀpe&Jemegueer®es Je osKejsKeer®es keÀeceele mene³³e keÀjCeskeÀefjlee cegK³e keÀe³ee&ue³eeceO³es SkeÀ efJeMes<e keÀ#e meg© keÀjC³eele Deeuee Deens. ceesþ³ee jkeÀces®³ee keÀpe&Keel³eeb®es yeeyeleerle l³eeb®es efJelejCee®es JesUsheemetve®e leheemeCeer Je osKejsKeer®es keÀece kesÀues peeles. ³eehe´keÀejs yeBkesÀ®³ee Deveglheeefole Keel³eebJej DeeheCeeme peemle heefjCeecekeÀejkeÀ efve³eb$eCe DeeCelee ³esF&ue ³ee®eer Kee$eer Deens.

ye@beEkeÀie J³eJemee³eeceO³es Flej J³eJemee³eehećeeCes®e keÀener OeeskesÀ Demeleele. l³eehewkeÀer hećegKe OeeskeÀe cnCepes efouesueer keÀpex LeefkeÀle nesTve keÀeueeblejeves Deveglheeefole nesCes Je l³ee®³ee Jemegueeryeeyele meeMebkeÀlee efvecee&Ce nesCes. Deveglheeefole keÀpee¥®³ee Jemegueermeeþer yeBkesÀkeÀ[tve meJe& keÀe³eosMeerj Ghee³e³eespeveeb®ee DeJeuebye kesÀuee peelees. Goe. kesÀme oeKeue keÀjCes eEkeÀJee Securitization Act, 2002 Debleie&le leejCe ceeueceÊeeb®ee leeyee IesTve l³eeb®eer efJe¬eÀer keÀjCes. hejbleg meoj keÀejJeeF&ceO³es osKeerue keÀener keÀe³eosMeerj De[®eCeer GÓJet MekeÀleele. l³eecegUs DeMee keÀpe&Keel³eebceO³es veefpekeÀ®³ee keÀeUele Jemegueer®eer MekeÌ³elee vemeles. keÀener keÀpe&Keel³eebceO³es keÀpe&oej efveOeve heeJeCes, veeskeÀjer peeCes, J³eJemee³e yebo nesCes, iebYeerj Deepeejer he[Ces F. DeveskeÀ keÀejCeebcegUs Jemegueer MekeÌ³e vemeles. keÀener keÀpe&Keel³eebceO³es Jemegue nesC³ee®eer MekeÌ³elee Demeuesu³ee jkeÀceshes#ee l³ee®³ee Jemegueermeeþer JesU Je hewmee peemle Ke®e& nesT MekeÀlees. DeMeer keÀpe&Keeleer efveuexefKele keÀjCes yeBkesÀ®³ee efnlee®es þjles. SKeeos keÀpe&Keeles efveuexefKele kesÀues cnCepes yeBkesÀves keÀpe& ceeHeÀ kesÀues Demee DeLe& nesle veener. yeBkesÀves keÀpe&Keeles efveuexefKele kesÀues lejer l³ee®³ee Jemegueer®es meJe& DeefOekeÀej yeBkesÀkeÀ[s keÀe³ece Demeleele Je l³eehećeeCes yeBkeÀ Jemegueer®eer keÀejJeeF& meg©®e þsJeles. meoj efJe<e³eer meJeex®®e v³ee³eeue³eeves SkeÀe he´keÀjCeer keÀpe&Keeleer efveuexefKele keÀjCesyeeyele Je YeefJe<³eeleerue l³ee®³ee Jemegueeryeeyele DevegketÀue cele J³eÊeÀ kesÀues Deens. l³ee Deveg<ebieeves Deeheu³ee yeBkesÀves osKeerue p³ee keÀpe&Keel³eebceO³es Jemegueer MekeÌ³e veener eEkeÀJee veefpekeÀ®³ee keÀeUele Jemegueer nesC³ee®eer MekeÌ³elee veener DeMeer SketÀCe 38 keÀpe&Keeleer Jemegueer®es meJe& DeefOekeÀej DeyeeefOele þsTve efveuexefKele keÀjC³ee®ee Je l³eeJejerue

13

veHeÀe leesìe he$ekeÀeceO³es ve Iesleuesues J³eepe GueìefJeC³ee®ee efveCe&³e meb®eeuekeÀ ceb[Ueves Iesleuee Deens. DeMee meJe& keÀpe&Keel³eeb®eer yeBkesÀ®³ee JewOeeefvekeÀ uesKeehejer#ekeÀebveer íeveveer keÀ©ve leer efveuexefKele keÀjC³eeme njkeÀle vemeu³ee®es / efnlekeÀejkeÀ Demeu³ee®es hećeeCehe$e efoues Deens. l³eehećeeCes yeBkesÀves meoj keÀpe&Keeleer ³eboe®³ee Je<eea efveuexefKele kesÀueer Deensle. l³eeb®ee leheMeerue KeeueeruehećeeCes-

keÀpe&Keel³eeb®eer mebK³ee cegÎue jkeÌkeÀce ` J³eepe jkeÌkeÀce `

38 4,08,92,614.71 3,78,06,214.08

keÀpe&Keeleer efveuexefKele kesÀueer lejer DeMee keÀpe&Keel³eeb®ee heeþhegjeJee yeBkesÀkeÀ[tve meg©®e Demelees. DeMee keÀpe&Keel³eebceO³es yeBkesÀves meve 2018-19 ³ee Deee|LekeÀ Je<ee&le ` 1,51,00,744 SJe{er Jemegueer kesÀueer Deens.

meb®eeuekeÀebvee efouesueer keÀpes&ë

yeBkeÀ Deeheu³ee meb®eeuekeÀebvee keÀesCel³eener he´keÀejs keÀpe& osle veener. hejbleg efjPeJn& yeBkeÀ Dee@HeÀ Fbef[³eeves hejJeeveieer efou³eehećeeCes keÀener meb®eeuekeÀebveer Deeheu³ee mJele:®³ee cegole þsJeer meceesj keÀpe& Iesleuesueer Deensle. l³ee®eer ceeefnleer heg{erue lekeÌl³eeceO³es efouesueer Deens.

meb®eeuekeÀ Je l³eeb®es veelesJeeF&keÀ ³eebvee efouesueer keÀpex oMe&efJeCeeje leÊeÀe :

(` ueeKeele)

he´keÀej31.03.2018

DeKesj ³esCes jkeÌkeÀce 2018-19 Je<ee&le

keÀpee&T efouesueer jkeÌkeÀce 2018-19

Je<ee&le hejleHesÀ[ 31.03.2019

DeKesj ³esCes yeekeÀer LekeÀyeekeÀer

cegole þsJe leejCe keÀpe& 1.82 11.56 6.92 6.46 veener

iegbleJeCetkeÀ DeeefCe efveOeer J³eJemLeeheve : -

keÀpe& J³eJenejebJ³eefleefjÊeÀ yeBkesÀ®³ee GlheVee®es iegbleJeCetkeÀ DeeefCe efveOeer J³eJemLeeheve ns SkeÀ meeOeve Deens. JewOeeefvekeÀ efvekeÀ<eebvegmeej þsJeC³eele ³esCeeN³ee Sme Sue Deej efveOeerJej yeBkesÀme efve³eefcele GlheVe efceUle Demeles. ³eeefMeJee³e yeBkeÀ DeefleefjÊeÀ efveOeer®eer efJeefJeOe he´keÀejs ³eesi³e iegbleJeCetkeÀ keÀjerle Demeles. efo. 31.03.2019 DeKesjerme yeBkesÀ®eer SketÀCe iegbleJeCetkeÀ ` 741.03 keÀesìer FlekeÀer nesleer. ³eehewkeÀer ` 643.73 keÀesìer mejkeÀejer keÀpe&jesK³eebceO³es, ` 97.30 keÀesìer jkeÌkeÀce Flej ceev³eleeheéhle jesK³eebceO³es (Non SLR Bonds) iegbleefJeC³eele Deeueer. DenJeeue Je<ee&ceO³es meJe& he´keÀej®³ee iegbleJeCetkeÀerletve yeBkesÀuee SketÀCe ` 61.63 keÀesìer FlekesÀ GlheVe efceUeues. mejkeÀejer keÀpe&jesK³eeb®³ee eEkeÀceleerle Peeuesu³ee ®e{Gleeje®³ee mebOeer®ee HeÀe³eoe IesTve Deeheu³ee yeBkesÀves DenJeeue Je<ee&le ` 1.48 keÀesìer veHeÀe jesKes J³eJenejele efceUefJeuee Deens. Clearing, CRR Je SLR iegbleJeCetkeÀerveblej®ee GJe&jerle efveOeer DeeheCe Bank FDR, CBLO/TREPS, RBI REVERSE REPO, LAF Je Mutual Fund ³ee efjPeJn& yeBkesÀ®³ee ceev³eleeheéhle ³eespeveebceO³es iegbleJeCetkeÀ keÀjerle Demelees. DenJeeue Je<ee&le meoj iegbleJeCetkeÀerceOetve yeBkesÀme ` 14.04 keÀesìer GlheVe efceUeues. yeBkesÀ®³ee meJe& iegbleJeCetkeÀer ¿ee efjPeJn& yeBkeÀ Dee@HeÀ Fbef[³ee®³ee ceeie&oMe&keÀ lelJeebvegmeej Je yeBkesÀ®³ee iegbleJeCetkeÀ OeesjCeevegmeej Deensle ³ee®eer DeeheCeebme Kee$eer osle Deens.

uesKeehejer#eCe DeeefCe leheemeCeer

ceeieerue Jeee|<ekeÀ meJe&meeOeejCe meYesle heeefjle kesÀuesu³ee þjeJeevegmeej ces. efkeÀle&ves DeB[ heb[erle Sued. Sued. heer. ³ee meveoer uesKeeheeue mebmLes®eer JewOeeefvekeÀ uesKeehejer#ekeÀ cnCetve vesceCetkeÀ kesÀueer iesueer. l³eebveer uesKeehejer#eCe keÀ©ve meeoj kesÀuesuee uesKeehejer#eCe DenJeeue Deeheu³ee meceesj meeoj kesÀuesuee Deens. DeeheCeeme meebieC³eeme ceuee Deevebo nesle Deens keÀer, uesKeehejer#ekeÀebveer 2018-19 ³ee Deee|LekeÀ Je<ee&keÀefjleener yeBkesÀuee `De' opee& efouesuee Deens.

Deee|LekeÀ Je<e& 2019-20 keÀefjlee ces.JewMebhee³eve DeB[ heeO³es ³eeb®eer JewOeeefvekeÀ uesKeehejer#ekeÀ cnCetve vesceCetkeÀ keÀjCes®eer efMeHeÀejme Deens. ces.JewMebhee³eve DeB[ heeO³es ³eebveer meoj vesceCetkeÀerme mebceleer efouesueer Deens. l³eekeÀefjlee efJe<e³e ¬eÀ. 4 meYesmeceesj meeoj keÀjC³eele ³esle Deens. JewOeeefvekeÀ uesKeehejer#eCeebyejesyej®e Flej leheemeC³ee yeBkeÀ keÀ©ve Iesle Demeles. ³eeceO³es meceJeleea uesKeehejer#eCe, keÀpe&hejer#eCe, iegbleJeCetkeÀ, lemes®e leb$e%eeve efJe<e³ekeÀ

14 14

hejer#eCe Fl³eeoeR®ee meceeJesMe Deens. ces. Oevebpe³e pes. ieesKeues DeB[ kebÀheveer meveoer uesKeeheeue ns Deeheu³ee yeBkesÀ®es Debleie&le cegK³e uesKeehejer#ekeÀ Deensle. DeMee he´keÀej®³ee yeen³e hejer#eCeeefMeJee³e yeBkeÀ Debleie&le leheemeCeer efJeYeeieeleHexÀ efve³eefceleheCes MeeKeeb®³ee keÀeceekeÀepeeb®eer leheemeCeer keÀjerle Demeles. efjPeJn& yeBkeÀ Dee@HeÀ Fbef[³ee keÀ[tve l³eeb®es leheemeCeer Keel³eeÜejs yeBkesÀ®es ojJe<eea hejer#eCe Je leheemeCeer kesÀueer peeles.

ceeveJe mebmeeOeve Je heéfMe#eCe :

mesJee #es$eeceO³es keÀece keÀjerle Demeu³eecegUs yeBkesÀ®eer J³eJemee³eJe=Ooer, efJekeÀeme DeeefCe heéfmeOoer ³eeceO³es yeBkesÀ®es keÀce&®eejer cenlJee®eer YetefcekeÀe yepeeJeerle Demeleele ³ee®eer yeBkesÀme peeCeerJe Deens. yeBkesÀ®³ee MeeKeebceOeerue keÀce&®eejer / DeefOekeÀejer ns ieénkeÀebkeÀefjlee yeBkesÀ®ee ®esnje Demetve ieénkeÀebmeeþer les heefnues mebheke&ÀmLeeve Demeles. l³eecegUs yeBkesÀkeÀefjlee keÀce&®eejer / DeefOekeÀejer ns Deveceesue þsJee Demetve J³eJemee³ee®es DeeOeejmlebYe Deensle. ³ee lelJeeuee Devegme©ve megKeer DeeefCe meceeOeeveer lemes®e DeeheguekeÀerves keÀece keÀjCeeje keÀce&®eejer Jeie& le³eej keÀjC³ee®es yeBkesÀ®es he´³elve Deensle. DeMee keÀce&®eeN³eebÜejs®e keÀe³e&#ece mesJee ieénkeÀebvee oslee ³esT MekeÀles. keÀce&®eeN³eebveer l³eeb®eer %eeveJe=Ooer keÀjeJeer DeeefCe Deeheues keÀewMeu³e Jee{JeeJes ³eekeÀefjlee yeBkeÀ melele he´³elveMeerue Demeles. efJeefJeOe he´keÀejs GÊespeve osTve keÀce&®eeN³eebvee yeBeEkeÀie #es$eeleerue efJeefJeOe J³eeJemeeef³ekeÀ hejer#ee osC³eeme heéslmeeefnle keÀjC³eele ³esles. Keeueerue lekeÌl³eeceO³es DeMee hejer#eebceO³es DenJeeue Je<ee&le GÊeerCe& Peeuesu³ee keÀce&®eeN³eeb®eer ceeefnleer osle Deenesle.

¬eÀ. hejer#ee / DeY³eeme¬eÀcee®es veeJe DenJeeue Je<ee&le GÊeerCe& DeefOekeÀejer / keÀce&®eejer ³eeb®eer mebK³ee

1) JAIIB 6

2) CAIIB 1

3) Advance Diploma in Urban Co-op Banking 4

4) Diploma in Retail Banking 5

5) GDC&A 4

SketÀCe 20

keÀewMeu³eJe=OoerkeÀefjlee J³eeJemeeef³ekeÀ hee$elesyejesyej®e efve³eefcele heéfMe#eCee®eer iejpe Deens. ner yeeye DeesUKetve meJe& mlejebleerue keÀce&®eeN³eebvee efve³eespeveyeOo efjleerves mebhetCe& Je<e&Yej heéfMe#eCe Jeiee¥®es Dee³eespeve keÀ©ve yeBkeÀ pe©j les heéfMe#eCe osle Demeles. keÀce&®eeN³eeb®es %eeve DeeefCe keÀewMeu³e DeÐe³eeJele jneJes DeeefCe l³eeb®³ee keÀeceekeÀefjlee meg³eesi³e Ghe³eesie nesC³ee®³ee ¢äerves Demes heéfMe#eCee®es keÀe³e&¬eÀce meelel³eeves yeBkesÀceO³es meg© Demeleele. efJeefJeOe mlejeleerue keÀce&®eeN³eeb®³ee iejpesvegmeej DeMee heéfMe#eCe keÀe³e&¬eÀceeb®es JesUehe$ekeÀ þjefJeC³eele ³esles. DenJeeue Je<ee&ceO³es heéfMe#eCeheéhle keÀce&®eeN³eeb®eer ceeefnleer heg{eruehećeeCesDeens.

¬eÀ. keÀce&®eejer Jeie& SketÀCe keÀce&®eejer mebK³ee DenJeeue Je<ee&le heéfMe#eCe Iesleuesues keÀce&®eejer

1 keÀe³e&keÀejer DeefOekeÀejer / DeefOekeÀejer 153 145

2 efueefhekeÀ 293 287

3 efMeheeF& / oHeÌlejer 80 48

SketÀCe 526 480

heéflekeÀce&®eejer GlheeokeÀlee DenJeeue Je<ee&le ` 9.84 keÀesìer Peeueer Deens. J³eeJemeeef³ekeÀ hee$elee DeeefCe meg³eesi³e heéfMe#eCeeÜejs keÀce&®eeN³eeb®eer GlheeokeÀlee Jee{efJeC³ee®ee yeBkesÀ®ee GÎsMe Deens.

15

ceeefnleer Je leb$e%eeve efJeYeeiee®es veJeerve Ghe¬eÀce

yeBkesÀves efjìsue DeeefCe keÀe@hexjsì ieénkeÀebvee Fbìjvesì yeBeEkeÀie megefJeOee osC³eeme meg©Jeele kesÀueer Deens. lemes®e ceesyeeF&ue yeBeEkeÀie Je ³egheerDee³e (Yeerce De@he) mesJee meg© kesÀu³ee Deensle. ieénkeÀebveer Glmeener heéflemeeo efouee Deens. ceeieerue leerve Je<ee&le efJeefJeOe F&-®e@vesume®ee efkeÀleer Jeehej kesÀuee Deens les meesyele Demeuesu³ee lekeÌl³eeJe©ve efometve ³esles.

(` keÀesìeRceO³es)

2016-17 2017-18 2018-19De.¬eÀ. leheMeerue J³eJenej

mebK³ee jkeÌkeÀce J³eJenej

mebK³ee jkeÌkeÀce J³eJenej

mebK³ee jkeÌkeÀce

1 Debit Cards Issued 32,850 NA 29,876 NA 44,711 NA

2 PoS Transactions 2,94,675 39.11 4,97,182 65.45 6,85,301 88.49

3 ATM withdrawals Issuer 7,69,507 219.85 8,04,047 253.83 9,65,295 264.46

4 ATM withdrawals Acquirer 5,21,791 177.47 7,38,001 255.20 8,15,562 280.03

5 E-Com Transactions NA NA 94,156 7.98 2,83,654 26.82

6 IMPS Registrations 9,935 14,018 12,897

7 IMPS Transactions initiated 81,710 64.93 2,27,966 196.27 3,61,872 359.47

8 Internet Banking Registrations

6,658 7,399 7,329

9 UPI (BHIM) Transactions NA NA 2,50,923 31.28 11,64,049 269.59

10 NACH Transactions 2,80,747 134.49 3,86,203 212.29 4,56,912 215.63

yeBkesÀves ³eeJe<eeaheemetve ieénkeÀebvee Missed Call Alert mesJee heóeve kesÀueer Deens. meoj efcem[ keÀe@ue mesJesleHexÀ, ieénkeÀebme Deeheu³ee veeWoCeerke=Àle ceesyeeF&ueceeHe&Àle HeÀÊeÀ SkeÀe efcem[ keÀe@ueves, yeBkeÀ Keel³eeleerue efMeuuekeÀ jkeÀces®eer ceeefnleer efceUles. lemes®e SefìSced keÀe[& njJeues / ®eesjeruee iesues lej efcem[ keÀe@ue osTve SefìSced keÀe[& ne@ìefuemì (Block) keÀ© MekeÀleele.

efJecee J³eJemee³e :

keÀpee&Jejerue J³eepeeJ³eefleefjÊeÀ Flej GlheVee®es meeOeve cnCetve yeBkesÀves efJecee efJelejCe J³eJemee³eeceO³es heoehe&Ce kesÀues. peerJeve efJecee J³eJemee³e ces. keÀesìkeÀ ceeEnê ueeF&HeÀ FvMegjvme kebÀheveeryejesyej meve 2011 heemetve DeeefCe Flej meJe&meeOeejCe efJec³eekeÀjerlee efo v³et Fbef[³ee De@M³egjvme kebÀheveeryejesyej meve 2014 heemetve Deeheueer yeBkeÀ keÀe³e&jle Deens. efJec³ee®³ee ³ee oesvner #es$eeceO³es yeBkesÀves meelel³eeves J³eJemee³e Je=Ooer veeWoefJeuesueer Deens. peerJeve efJec³eeheesìer 934 efJecee hee@efuemeeRletve ` 306.48 ueeKe jkeÀces®es efJecee nhles DeeefCe Flej meJe&meeOeejCe efJec³eeheesìer 1195 hee@efuemeeRletve ` 79.21 ueeKe FlekeÀer efJecee efheéfce³ece jkeÌkeÀce yeBkesÀves DenJeeue Je<ee&le pecee kesÀueer Deens. ³ee oesvner he´keÀej®³ee efJecee J³eJemee³eeletve yeBkesÀves ` 104.68 ueeKe FlekeÀer jkeÌkeÀce keÀefceMeveheesìer efceUefJeueer.

keÀe@heexjsì Spevmeer Debleie&le efJecee efJelejCe J³eJemee³eeyejesyej yeBkesÀves Yeejle mejkeÀej®³ee meeceev³e veeieefjkeÀebkeÀefjlee oesvner efJeMes<e efJecee ³eespeveebceO³es menYeeieer nesTve ³eMemJeerefjl³ee ³ee ³eespevee jeyeefJeu³ee. ³ee ³eespevee Yeejle mejkeÀejves Dee@iemì 2015 ceO³es “ heÓeeveceb$eer peerJevep³eesleer efJecee ³eespevee “ DeeefCe “ heÓeeveceb$eer megj#ee efJecee ³eespevee “ ³ee veeJeeves meg© kesÀu³ee. heefnu³ee ³eespevesceO³es ` 330 DeMee Del³euhe efJecee nhl³eeceO³es ` 2ueeKe FlekeÀer peerJeve efJecee megj#ee DeeefCe ogmeN³ee ³eespevesceO³es ` 12 DeMee veececee$e efJecee nhl³eeceO³es ` 2ueeKe FlekesÀ meJe&meeceev³e efJecee keÀJe®e GheueyOe Deens. ³eeleerue peerJeveefJecee ³eespeves®ee ueeF&HeÀ FvMegjvme keÀe@heexjsMeve Dee@HeÀ Fbef[³eeceeHe&Àle 4739 Keelesoejebveer ueeYe Iesleuee. l³eeheesìer ` 13.63ueeKe efJecee nhlee jkeÌkeÀce Yejueer Deens. lemes®e meeceev³e efJec³ee®³ee ³eespeves®ee v³et Fbef[³ee De@M³egjvme kebÀheveerceeHe&Àle 10043 Keelesoejebveer ueeYe Iesleuee l³eeheesìer ` 1.20 ueeKe efJecee nhlee jkeÌkeÀce YejC³eele Deeueer.

16 16

cegêebkeÀve J³eJemee³e

omleSsJepeebJej cegêebkeÀ MegukeÀ YejC³ee®eer megefJeOee yeBkesÀves Deeheues ieénkeÀ lemes®e Flejebveener Deeheu³ee keÀeUeleueeJe keÀu³eeCe MeeKesceO³es GheueyOe keÀ©ve efouesueer Deens. 2018-19 ³ee DenJeeue Je<ee&ceO³es 59795 omleSsJepe cegêebkeÀveeÜejs yeBkesÀuee ` 6,09,909 FlekeÌ³ee jkeÀces®es GlheVe efceUeues. efJecee J³eJemee³eehećeeCes®e ne J³eJemee³e yeBkesÀ®³ee J³eepe Je MegukeÀ GlheVeeJ³eefleefjÊeÀ GlheVee®es meeOeve Deens. ̀ 5000he³e¥le®es omleSsJepe cegêebkeÀve kesÀues peeleele.

veHeÀe efJeYeeieCeer Je ueeYeebMe

yeBeEkeÀie #es$eeleerue leerJe´ mheOee&, Deveglheeefole keÀpee¥ceOeerue Jee{ ³ee heeée&YetceerJej osKeerue Deeheu³ee yeBkesÀves veHeÀe efceUefJeC³eele meelel³e jeKeues Deens. Yeeb[Jeue hegbpeer DeefOekeÀeefOekeÀ me#ece nesC³eemeeþer Je J³eepeojele nesle Demeuesueer IemejCe efJe®eejele IesTve meb®eeuekeÀ ceb[Ueves ueeYebeMee®eer efMeHeÀejme 12% ojeves kesÀuesueer Deens. ¿ee Je<ee&®eer veHeÀe efJeYeeieCeer ¿ee®e Je<eea®³ee leeUsyeboele DebleYet&le kesÀueer Deens. ceeieerue Je<ee&®eer Je ®eeuet Je<ee&®eer leheMeerueJeej efJeYeeieCeer he=ÿ ¬eÀceebkeÀ 50 Je 51 Jej osC³eele Deeueer Deens. meb®eeuekeÀ ceb[Ueves heg{eruehećeeCes veHeÀe JeeìCeer meg®eefJeueer Deens.

efveJJeU veHeÀe 20,54,52,246.00ceeieerue efMeuuekeÀ 8,40,86,561.00meJe&meeOeejCe cegÊeÀ efveOeer 1,00,00,000.00SketÀCe 29,95,38,807.00

JeeìCeerjeKeerJe efveOeer (25…) 5,15,00,000.00meJe&meeOeejCe cegÊeÀ efveOeer (10…) 2,06,00,000.00jeäêr³e menkeÀej efMe#eCe efveOeer (1…) 20,00,000.00ueeYeebMe (2017-18)* 8,37,73,300.00iegbleJeCetkeÀ JeOe Ieì efveOeer 70,00,000.00Oecee&oe³e efveOeer (1…) 20,00,000.00meYeemeo keÀu³eeCe efveOeer 10,00,000.00ceneslmeJe efveOeer 10,00,000.00keÀce&®eejer meevegień efveOeer 1,10,00,000.00efveJe[CetkeÀ efveOeer 7,00,000.00Mew#eefCekeÀ efveOeer 10,00,000.00yeg[erle Je mebMeef³ele keÀpe& efveOeer 2,54,00,000.00heg{erue Je<ee&meeþer efMeuuekeÀ ** 9,25,65,507.00SketÀCe 29,95,38,807.00

* meoj jkeÌkeÀce ner 2017-18 keÀefjlee efouesueer ueeYeebMe jkeÌkeÀce Deens.

**ICAIves AS - 4 ner lejleto efo. 01 Sefheúe, 2017 heemetve ueeiet kesÀueer Deens. meoj lejlegoervegmeej, ` ueeYeebMe ’ ne osCeer ³ee meojele Deee|LekeÀ he$ekeÀele oMe&efJeuesuee veener, ³ee®es keÀejCe ueeYeebMe ne Jeee|<ekeÀ meJe&meeOeejCe meYesle meYeemeo cebpetj keÀjleele. l³eevegmeej yeBkesÀves meve 2018-19 ®³ee Deee|LekeÀ he$ekeÀele ` ueeYeebMe osCes ’ ` 9,25,00,000 ns osCeer ³ee meojele ve oMe&efJelee, veHeÀe-leesìe he$ekeÀele DebleYet&le kesÀues Deens.

17

Deboepehe$ekeÀ

þsJeer, keÀpex, Deveglheeefole keÀpex, efJeceeJ³eJemee³e Fl³eeoeR®eer þjefJeuesueer meve 2019 keÀefjlee®eer GefÎäs, J³eepeojeleerue ®e{Gleej, jshees Je efjJnme& jshees ojebvegmeej Deeheu³ee þsJe Je keÀpee&®³ee ³eespevee þjefJeCes Je l³eevegmeej l³eeJejerue J³eepeoj efveeq½ele keÀjCes, Yeeb[Jeueer Ke®ee&®³ee iejpee, Fl³eeoeR®ee efJe®eej keÀ©ve meeueeyeeohećeeCes ³ee Je<eea®es Deboepehe$ekeÀ þjefJeC³eele Deeuesues Deens. meve 2019-20 keÀefjlee®es Deboepehe$ekeÀ meJe&meceeJesMekeÀ DeeefCe leheMeerueJeej yeveefJeuesues Demetve JeemleJeJeeoer Je JeepeJeer Deens.

ceuìermìsì keÀe³eÐeevegmeej Demeuesu³ee Deeheu³ee GheefJeOeervegmeej meb®eeuekeÀ ceb[Ueme Jeee|<ekeÀ Deboepehe$ekeÀ cebpetj keÀjC³ee®ee DeefOekeÀej Deens. l³eevegmeej meb®eeuekeÀ ceb[Ueves heg{eruehećeeCes J³eJemee³ee®es Deboepe yeebOeues Deensle. SketÀCe®e GDP ®eer Jee{, GST ®ee Deboeefpele heefjCeece Je J³eJemee³eeleerue DeeJneves ³ee®ee efJe®eej kesÀu³eeme Deeheueer J³eJemee³ee®eer Jee{ ner 4% les 5 % ®³ee Iejele Demesue Demes Jeeìles. l³ee Deveg<ebieeves Deeheu³ee þsJeer ` 3043.48 keÀesìer Je©ve ` 3200.00 keÀesìerhe³e¥le peeleerue lemes®e Deeheueer keÀpex ` 2132.51 keÀesìeRJe©ve ` 2200.00 keÀesìer he³e¥le peeleerue Demee Deboepe Deens. cnCepes Deeheu³ee yeBkesÀ®ee SketÀCe J³eJemee³e ` 5,400.00 keÀesìer nesF&ue. Deeheuee veHeÀe ` 23.00 keÀesìeR®³ee Deemeheeme Demesue. YeeieYeeb[Jeue he³ee&hlelee hećeeCe Je Deveglheeefole keÀpee&®es hećeeCe DeeheCe efveeq½ele®e RBI ®³ee ceeie&oMe&keÀ lelJeevegmeej þsJet MeketÀ ³ee®eer ceuee hetCe& Kee$eer Deens. Deeheuee he´³elve meJe& heefjeqmLeleerJej ceele keÀ©ve GÊece Deee|LekeÀ heefjeqmLeleer meeO³e keÀjC³ee®ee Demesue ³ee®eer ceer iJeener osle Deens.

GheefJeOeer og©mleer

yengjep³eer³e menkeÀejer keÀe³eoe, 2002 DeeefCe Yeejleer³e efjPeJe& yeBkesÀ®³ee JesUesJesUer Deeuesu³ee efveoxMeebvegmeej, Deeheu³ee GheefJeOeerle DeeJeM³ekeÀ les yeoue meg®eefJeues Deensle. l³eeme meYeemeoebveer cebpegjer ÐeeJeer, DeMeer efJevebleer Deens. ³ee meboYee&le meefJemlej leÊeÀe DenJeeueele he=ÿ ¬eÀ. 72 les 74 Jej veceto kesÀuee Deens.

efJeefJeOe hegjmkeÀej

efJeefJeOe mebmLeebkeÀ[tve Deeheu³ee yeBkesÀ®³ee Glke=Àä keÀecekeÀepe DeeefCe keÀeceefiejeryeeyele JesUesJesUer oKeue IesC³eele ³esTve Deeheu³ee yeBkesÀuee l³eekeÀjerlee hegjmkeÀej osC³eele Deeues Deensle, ner yeBkesÀkeÀjerlee DeefYeceeveemheo DeeefCe ieewjJee®eer yeeye Deens. DenJeeue Je<ee&ceO³es yeBkesÀuee heg{eruehećeeCes hegjmkeÀej efceUeues Deensle.

• Best Bank & Best Technology - ’yeBkeÀes“ ³ee ceeefmekeÀeleHexÀ ceesþ³ee menkeÀejer yeBkeÀeb®³ee efJeYeeieele yeBkesÀuee meve 2017-18 keÀefjlee ‘Best Bank’ cnCetve ogmeN³ee ¬eÀceebkeÀe®es yeef#eme efceUeues. lemes®e ‘Best Technology’ ³ee keÀefjlee hegjmkeÀej heéhle Peeuee.

efo. 17 peevesJeejer 2019 jespeer keÀpe&le ³esLes Peeuesu³ee meceejbYeele hegjmkeÀej heóeve keÀjC³eele Deeues.

• ’keÀvee&[ yeBeEkeÀie efjme®e& DeeefCe [sJnueheceWì HeÀeGb[sMeve“ ³eebveer Iesleuesu³ee Jeee|<ekeÀ DenJeeue mheOexceO³es yeBkesÀ®³ee meve 2017-18 ®³ee Jeee|<ekeÀ DenJeeueeme he´Lece hegjmkeÀej efceUeuee Deens. efo. 17 ef[meWyej 2018 jespeer keÀesunehetj ³esLes Peeuesu³ee meceejbYeele hegjmkeÀej heóeve keÀjC³eele Deeuee.

• Best Chairman Award - ’keÀvee&[ yeBeEkeÀie efjme®e& DeeefCe [sJnueheceWì HeÀeGb[sMeve” ³eeb®esleHexÀ yeBkesÀ®es DeO³e#e De@[. megjsMe heìJeOe&ve ³eebvee ‘Best Chairman’ hegjmkeÀej heóeve keÀjC³eele Deeuee. meoj hegjmkeÀeje®es efJelejCe efo. 17 ef[meWyej 2018 jespeer keÀesunehetj ³esLes Peeuesu³ee meceejbYeele keÀjC³eele Deeues.

• Best CEO Award - ’keÀvee&[ yeBeEkeÀie efjme®e& DeeefCe [sJnueheceWì HeÀeGb[sMeve ” ³eeb®esleHexÀ yeBkesÀ®es cegK³e keÀe³e&keÀejer DeefOekeÀejer Þeer. Delegue efKejJe[keÀj ³eebvee ‘Best CEO’ ogmeN³ee ¬eÀceebkeÀe®ee hegjmkeÀej heóeve keÀjC³eele Deeuee. meoj hegjmkeÀeje®es efJelejCe efo. 17

ef[meWyej 2018 jespeer keÀesunehetj ³esLes Peeuesu³ee meceejbYeele keÀjC³eele Deeues.

• ’keÀvee&[ yeBeEkeÀie efjme®e& DeeefCe [sJnueheceWì HeÀeGb[sMeve ” ³eeb®esleHexÀ ‘Best Recovery Officer’ ne he´Lece hegjmkeÀej heéhle Peeuee Deens. efo. 17 ef[meWyej 2018 jespeer keÀesunehetj ³esLes Peeuesu³ee meceejbYeele meoj hegjmkeÀeje®es efJelejCe keÀjC³eele Deeues.

18 18

• ’efo. cenejeä^ Deye&ve keÀes. Dee@he yeBkeÀmed HesÀ[jsMeve ” ³eeb®esleHexÀ meve 2018 keÀefjlee ‘Best Information Technology’ keÀefjlee hegjmkeÀej heéhle Peeuee. efo. 29 mehìWyej 2018 jespeer Peeuesu³ee keÀe³e&¬eÀceele HesÀ[jsMeve®es DeO³e#e cee. efJeÐeeOej DeveemkeÀj ³eeb®³ee nmles hegjmkeÀeje®es efJelejCe keÀjC³eele Deeues.

• ’yeBeEkeÀie He´bÀefì³ej ” ³ee K³eeleveece ceeefmekeÀe leHexÀ ceesþ³ee menkeÀejer yeBkeÀeb®es efJeYeeieele Deeheu³ee yeBkesÀme ‘Best E-Payment Initiative’ hegjmkeÀej Je ‘Best Lending Innovation’ hegjmkeÀej heéhle Peeuee. efo. 09 mehìWyej 2018 jespeer efouueer ³esLes Peeuesu³ee meceejbYeele meoj hegjmkeÀeje®es efJelejCe keÀjC³eele Deeues.

• ’yeBeEkeÀie He´bÀefì³ej ” ³ee K³eeleveece ceeefmekeÀe leHexÀ yeBkesÀme ‘Best IT Head’ ne hegjmkeÀej heéhle Peeuee. efo. 09 mehìWyej 2018 jespeer efouueer ³esLes Peeuesu³ee meceejbYeele meoj hegjmkeÀeje®es efJelejCe keÀjC³eele Deeues.

þUkeÀ DeeefCe GuuesKeveer³e Ieìvee

1. efJeÐeeLeea heéefJeC³e hegjmkeÀej - meYeemeo keÀu³eeCe efveOeerDebleie&le heéfleJe<eea meYeemeoeb®³ee heeu³eebvee èfJeÐeeLeea heéefJeC³e hegjmkeÀej’ osC³eele ³eslees. yeBkesÀ®³ee meYeemeoeb®³ee heeu³eebveer F³eÊee 10 Jeer, 12 Jeer DeLeJee lelmece hejer#eebceO³es efceUJeuesu³ee ³eMeeyeÎue yeBkeÀ ojJe<eea DeMee heeu³eeb®ee ³eLeesef®ele ieewjJe keÀjerle Demeles. DeeheCe ³ee®eyejesyej ’Yeejlee®ee³e& JewÐe hegjmkeÀej “ DeeefCe ’ [e@. DeeveboeryeeF& peesMeer hegjmkeÀej “ Demes oesve hegjmkeÀejner osle Demelees. ³ee Je<eea®ee efJeÐeeLeea heéefJeC³e hegjmkeÀej heóeve meYeejbYe 12 Dee@iemì 2018 jespeer n. Ye. he. ³eMeJeble veeje³eCe keÀeve[s ³eeb®es nmles mebheVe Peeuee.

2. Oecee&oe³e efveOeer efJelejCe - yeBeEkeÀie J³eJemee³eeyejesyej®e yeBkeÀ meeceeefpekeÀ yeebefOeuekeÀerner pehele Demeles. ojJe<eea®³ee veHeÌ³eeletve 1% jkeÌkeÀce ’Oecee&oe³e efveOeer “ ³ee HebÀ[eceO³es pecee kesÀueer peeles. ³ee HebÀ[eletve ojJe<eea efJeefJeOe meeceeefpekeÀ, Mew#eefCekeÀ, lemes®e JewÐekeÀer³e #es$eeleerue keÀece keÀjCeeN³ee mebmLeebvee ceole osC³eele ³esles. ³eeJe<eea®ee Oecee&oe³e efveOeer efJelejCe meceejbYe efo. 02 HesÀye´gJeejer, 2019 jespeer Dee³eesefpele keÀjC³eele Deeuee neslee. efYeJeb[er ueeskeÀmeYee celeoej mebIee®es Keemeoej cee. Þeer. keÀefheue heeìerue ns hećegKe heengCes cnCetve GheeqmLele nesles. Mew#eefCekeÀ, JewÐekeÀer³e DeeefCe meeceeefpekeÀ #es$eele keÀece keÀjCeeN³ee 151 efJeefJeOe mebmLeebvee efveOeer®es efJelejCe keÀjC³eele Deeues.

3. efMe#ekeÀ efove - efo. 5 mehìWyej jespeer®ee ’ efMe#ekeÀ efove “ yeBkesÀ®³ee efJeefJeOe MeeKeebceOeerue keÀce&®eeN³eebveer MeeKes®³ee heefjmejeleerue MeeUe Je ceneefJeÐeeue³eeleerue efMe#ekeÀeb®ee mevceeve keÀ©ve meepeje kesÀuee. yeBkesÀ®es DeO³e#e DeeefCe meb®eeuekeÀ ³eebveerner ³eehewkeÀer keÀener meceejbYeeceO³es Yeeie Iesleuee.

4. ceefnuee efove - efo. 8 cee®e& jespeer ’ peeieeflekeÀ ceefnuee efove “ meepeje kesÀuee peelees. ³ee Je<eea osKeerue ne efJeMes<e efoJeme cegK³e keÀe³ee&ue³e DeeefCe MeeKeebceO³es meepeje keÀjC³eele Deeuee. ³eeJesUer efJeefJeOe #es$eeleerue ceev³eJej ceefnueebvee yeBkesÀceO³es Deecebef$ele keÀ©ve l³eeb®ee ³eLeesef®ele ieewjJe keÀjC³eele Deeuee.

ÞeOoebpeueer - DenJeeue Je<ee&ceO³es mebmLeehekeÀ meb®eeuekeÀ De@[. ÞeerOej GHe&À YeeTjeJe meyeveerme Je Þeer. veeje³eCe YeesF&j ³eebvee osJee%ee Peeueer.l³eebvee YeeJehetCe& ÞeOoebpeueer! lemes®e p³ee %eele, De%eele meYeemeoeb®es efveOeve Peeues l³eebvee ÞeOoebpeueer! l³eeb®³ee kegÀìgbyeer³eeb®³ee og:Keele Deecner menYeeieer Deenesle. F&éej l³eeb®es Deelc³eeme Meebleer osJees, ner heéLe&vee.

DeeYeej heóMe&ve Je $eÝCeefveoxMe -

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19

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20 20

Respected Members, It gives me immense pleasure to welcome you, on behalf of the Board of Directors, at this 46th Annual General Meeting of your Bank. It is my privilege to place before you the audited Balance Sheet as on 31st March2019andProfit&LossStatementforfinancialyearendedon31stMarch2019,aswellastheStatutoryAuditors’Reportforthefinancialyear2018-19,alongwiththe46thAnnualReport.

Global Economic Scenario: Global economic activity has been losing pace in recent months after an improved earlier in the year. Among the advanced economies, GDP growth in the US decelerated on weak business and the subdued economicactivity,asreflectedincontractingmanufacturingactivity.IntheEuroareatoo,GDPgrowthmoderatedonworseningexternalconditions,softdomesticdemandandweakbusinessconfidence.EconomicactivityintheUKwassubduedwithwaningconsumerconfidenceonaccountofBrexit relateduncertaintyandweakindustrial production. The Japanese economy rebounded on increased domestic consumption expenditure andrecoveringinvestmentspending.However,thedataonmanufacturingactivityandbusinessconfidencesuggest that growth has lost momentum. Economic activity also slowed down in some major emerging market economies. The Chinese economy decelerated to a multi-year low while in Russia subdued economic activity continued on slowing exports and retail sales. In Brazil the economy is struggling to gain momentum after contracting in recent past on weak service sector activity and declining industrial production. Crude oil prices fell sharply in mid-May on excess supplies from an increase in non-OPEC production, combined with a further weakening of demand. Gold prices have risen sharply since last week of May 2019, propelled by increased safe haven demand amidst rising downside risks to growth and a worsening geo-political situation. Escalation of trade war between US and China on the one hand and imposition of sanction by US on Iran vitiated the globalandbilateralbusinessrelationssignificantly.Uncertaintiesaboutfuturescenariointhesefrontsloomlargeontheinternationaltrade.Inflationcontinuedtoremainlowinmajoradvancedeconomiesandmanykeyemerging market economies due to slowing global growth and stable or falling commodity prices.

Domestic Economic Scenario: Earlier in the year real GDP growth for 2019-20 was projected at 7% – in the range of 6.4% -6.7% for H1:2019-20 and 7.2% - 7.5% for H2. However, various high frequency indicators suggest weakening of both domestic and external demand conditions. Industrial outlook survey shows muted expansion in demand conditionsduringfirstquarterofthecurrentFY,althoughadeclineininputcostsaugurswellforgrowth.Theimpact of monetary policy easing since February 2019 is also expected to support economic activity. Moreover, baseeffectsareexpectedtobeinfavourableinthesecondhalfofcurrentF.Y.Takingintoconsiderationallthesefactors,realGDPgrowthhasbeenrevisedto7.4%,intherangeof7.5%-7.6%forfirsthalf-yearand7.3%-7.4%insecondhalf-year.GDPgrowthforthefirstquarterofF.Y.2020-21isnowprojectedat7.4%.The World Bank report says China’s economic growth is projected to slow down to 6.2% in both 2019 and 2020 and 6% in 2021. Hence, India will continue to be the fastest growing major economy in the world. India’s growth outlook is still robust, driven by an upswing in consumption and rebound in credit growth, particularly tolargeindustries.InvestmentgrowthhasfirmedaseffectsoftemporaryfactorslikedemonetizationandGSTwaned. India has also registered quite a bit of pick up in ease in doing business ranking. Domestic demand has strengthenedduetothebenefitsofstructuralreformssuchasGSTharmonizationandbankrecapitalizationetc.Strongdomesticdemandisenvisionedtowidenthecurrentaccountdeficit to2.6%ofGDPnextyear.Retailinflation,measuredbyy-o-ychangeCPI,isprojectedat3.1%forQ2:2019-20and3.5%-3.7%forH2:2019-20. It is suggested that the recent introduction of GST and steps toward demonetization are expected to encourage a shift from the informal sector to formal sector. It is also said that Indian economy is being able to deliver growth slightly above its potential is a very good sign. India’s growth performance has been quite impressive. Year after year it has delivered strong numbers around its potential growth. During the period

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2018-19 India’sexports rose9% to toucha recordhighof$331billionassectorssuchaspetroleumandelectronicsdrovethegrowth.Butwithimportstoorisingatnearlythesamepace,tradedeficitwidenedto$176billion, compared to $162 billion a year ago. It was however the export numbers that was being cited as a major achievement in the wake of global trade slowdown that has been attributed to protectionist policies adopted by many countries, particularly USA. India’s foreign exchange reserve now (August 2019) stands at US$ 429 billion, an increase of US$ 16.1 billion over end-March 2019.

Banking Scenario: In past two decades Banks in India have not experienced a worse year than what it had encounter in theyearthathadjustpassedby.However,allindicationssuggestthat2019mayfinallyputanendtoIndia’sbanking woes. After many false hopes over the past few years, there appears to be a new dawn for the banking industryintheyear2019.Asweenter2019,NPAformationhasslowedsignificantlyacrossthesectorandrecoveries from recent NPAs are streaming in. That should mark 2019 as a bounce back year. First, factors like the regulatory directions and the realization among banks that it is high time to exercise caution and prudence have brought in discipline and discretion in the decision making, particularly the lending decisions. Second, the resolutionofcorporatestressedassetsmightacceleratefollowingtheeffortstocleansethesystem.Third,thesigns of slowdown of bad loans formation have become prominent.

RBIinits“FinancialStabilityReport”acknowledgedthatgrossbadloanswouldslideinfiscal2019,thefirsttimeafter2015.Banksgenerallyhavesteppeduptheirprovisionsbasein2018whichstrengthensthebalance sheets.

Though hailed as the ultimate solution for recovery related problems of Indian banking industry, IBC, 2016, has, failed to live up to its expectations. The resolution process remained slow with 50% of the cases admitted inNCLTexceeding the180daydeadlinewhile30%ofcasescrossedthe270daydeadline, themaximum allowed for resolution under the law. Merely 4 out of the initial 12 biggest defaulters from RBI list were resolved, while cases involving over Rs.1 lakh crore are yet to see light of the day. It is expected that actualbenefitsofIBCwouldreflectintheyearsaheadandwouldhavedualbenefitsoflowerdelinquencyandbetter recovery. 2019 will be a turning point because we expect most issues to be sorted out giving banks more space for operations. We can expect only positive changes from hereon, which however may be gradual in nature.

The success of three way merger of Bank of Baroda, Vijaya Bank and Dena Bank has encouraged the thinking that India needs a few strong banks and not a large number of small and weak banks. Mergers in India so far have been essentially a bail-out exercise. But unlike in the past, the merger of these three banks is consolidation of economies of scale and an attempt to eliminate duplication. The success of this exercise would pave the way for the government to push more bank mergers.

After deposit growth hitting a 53-year-low of 3% in November 2017, it is now rising again, touching 10% mark in F.Y. 2019. While private sector banks continued to lead deposit mobilization, deposit growth for public sector banks remained low, though it has been picking up gradually. Although the wedge between deposit and credit growth continues, it has narrowed substantially with credit growth at 13.2% during the same period. While privatesectorbankgrouprecordedover20%creditgrowthforthefifthsuccessivequarter,itwasrecordedat8.4%forpublicsectorbanks.Thebankingsystem’sall-Indiacreditdeposit(CD)ratiohasimprovedto77.6%.A recent RBI study has analyzed the impact of various changes in the movement of bank deposits. According to the report, financial inclusionsencouragedby theGovt.boosts impactondepositmobilization.AnothersignificantfactorimpactingbankdepositgrowthisthedecliningreturnonGovt.smallsavingsschemes.

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Bank’s Performance & Progress: I am happy to inform you that your Bank has maintained the tradition of all round good performance and progressinthisyeartoo,whichisrevealedintheauditedfiguresbeingplacedbeforeyou.Beforethedetailsofourfinancialresultsaresubmittedforyourconsideration,Iwouldliketoinformyouthemajorhighlightofthisyearverybriefly.ThisyeartheBankhasreachedanewheightoftotalbusinessmixof̀ 5175.98croreovertheprevious year’s business mix of `4840.65crore.ThecreditforthisgoestoallstakeholdersoftheBank-theshareholders, our customers, the Board of Directors, all employees irrespective of their grade or position, and all our well-wishers who have continuously motivated and encouraged us, directly or indirectly, to perform even better year after year.

Share Capital and Shareholders: During the year under report Bank’s Share Capital increased to `110.84crore,anincreaseof` 34.59 crore (45.36%) over the previous year’s position. The net increase in the number of shareholders during the yearwas1495,whichresultedinriseinthetotalnumberofshareholdersto56648.Whilethisrepresentstheregular members of the Bank, the number of nominal members stood at 6267, of which 1267 are borrowers and 5000 are guarantors for various credit facilities sanctioned by the Bank.

Owned Funds: Bank’s own funds – which include Reserves and Surplus, besides Share Capital – have now increased to `206.85crore.Asownfundisanimportantparametertomeasureabank’sfinancialstrength,thesteadyincrease in the level of Own Funds indicates a sound and strong position of the Bank.

Capital Adequacy: As you are aware, the Bank is consistently complying with the capital adequacy norms prescribed by RBI. Taking into consideration the funds raised under Tier II capital through the new Long Term (Subordinated) Deposits, Bank’s CRAR as on 31/03/2019 is 12.46%, against the minimum level of 9% as prescribed by RBI.

Deposits: As I mentioned earlier, the banking industry in the country faced many challenges during the past year. Last year was one of the slowest pace of growth in deposits across the Banking industry. It was observed thatduetodecliningrateofinterestflowtowardsMutualFundswashighduringthelastyear.Duringtheyearunder report Bank’s total deposits increased from `2814.03croreto`3043.48croreregisteringanincreaseof ` 229.45 crore. The growth rate is also indicative of the unwavering trust reposed on the Bank by our ever enlargingcustomerbase.Itisamatterofhugesatisfactionforusthatinspiteofstiffcompetitioninthebankingindustry and aggressive marketing strategy of the large players like private sector and PSU banks our Bank has not only captured a niche segment but the size of this segment is continuously increasing year after year.

It will be pertinent to mention here that in spite of growth in deposits this year our average cost of depositshasdeclinedfrom6.38%(2017-18)to6.25%.

The Bank has been regularly paying insurance premium to the Deposit Insurance & Credit Guarantee Corporation of India (DICGC) to ensure that deposits up to ̀ 1 lakh per customer are insured and our customers remain protected to that extent. During the year under report the Bank has paid insurance premium to DICGC twice (on half-yearly basis), - `173.29lakhinNovember2018(ontotaldepositof` 2945.61 crore) for the period1stOctober2018to31stMarch2019and` 179.47 lakh in May 2019 (on total deposit of ` 3043.48crore) for the period 1st April 2019 to 30th September 2019.

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Advances: Asincaseofdepositgrowth,theyear2018-19wasalsomarkedbysluggishcreditgrowth.However,against the backdrop of subdued credit growth the performance of your bank in this area is satisfactory. Total advances of the Bank increased to ` 2132.51crore from the last year’s figureof` 2026.62 crore, i.e. an increase of `105.89croreoverthepreviousyear’slevel.

As a policy we encourage lending to small and tiny sectors to spread our exposure as wide as possible instead of concentrating on a handful of industries in medium/large sectors. In the year under report the Bank’s advances to Priority Sector were `846.39crore,percentageofwhichis41.60%.Advancestoweakersectorwere `253.94crore,percentageofwhichis12.48%.

Non-Performing Assets (NPA): The rising NPA level in the banking industry as a whole has become a cause of serious concern not only for the banks but also for RBI and the Government. On this background our Bank’s performance in containing NPA level may be considered as satisfactory. Gross NPA percentage has decreased from 5.71% to 3.67% during the year under report and Net NPA percentage now stands at 2.05% as against 3.77% as on 31/03/2019.HowevertheBankiscontinuingstrenuouseffortsnotonlytobringtheexistingNPAleveldownbut also to minimize slippage of new accounts in to NPA category. For this purpose, credit monitoring activities arebeingfurtherstrengthenedintheBank.TobolstertheeffortsatthebranchlevelforrecoveryandcreditmonitoringBankhassetupspecializedcellsatHeadOffice level forworking in thisareaasanon-goingexercise. We have also started monitoring new large advances from the disbursement stage itself to ensure thatanysignsofdisorderaredetectedattheearliest.Weareconfidentthatwiththesemeasuresweshallbeable to contain the Bank’s NPA portfolio within a manageable level.

‘Banking’ being basically a lending business, banks are always exposed to risks, more particularly credit/default risk. Our Bank is no exception and consequently our performance in respect of lending activities is impacted by incidence of default. Though for recovery of “Non-performing Assets” (NPA) or defaulted loans we takeallmeasures as per procedure andprovisions of law, suchas filing casesunderMSCSAct andsale of secured assets under SARFAESI Act, there are cases/accounts where prospect of recovery within a reasonable time are found to be remote. Instead of carrying these loans in its books for uncertain period of timeBanksresortto“technicalwriteoff”inrespectoftheseloansinordertocleansetheBalanceSheetofunproductiveassets.Suchwriteoff,however,doesnotmeanrelinquishingtherightofrecoveryandtheBankinfactcontinuesitsdriveforrecoveryinrespectofallsuchloansevenafterwritingthemoffitsBalanceSheet.In one of the landmark judgments, Hon. Supreme Court of India also endorsed the positive view towards prudentialwritingoffofbaddebtsandrightofBankstowardsrecoveryofwrittenoffloansinfuture.

Accordingly,ourBoardofDirectorsresolvedtowriteoff38loanaccountsandreversetheoutstandinginterest(whichwasnotconsideredinP&LA/coftheBank)whererecoveryappearsdifficultatleastinnearfuture.StatutoryAuditorsof theBankscrutinizedtheseaccountsandcertifiedthat, theseaccountsareeligibleforwriteoffandsuchaction is in the interestof theBank.Accordingly, thebankhaswrittenoff thesaid loanaccounts, details of which are more particularly described herein below –

No. of A/cs Principal Rs. Interest Rs.38 4,08,92,614.71 3,78,06,214.08

The Bank reserves the right of recovery in the future in respect of all these accounts. As stated earlier, theBankalwayscontinuestotakealleffortsfortherecoveryofwrittenoffaccounts.Asaresultrecoverytothe extent of `1,51,00,744couldbemadeintheF.Y.2018-19inrespectloanswhichwerewrittenoffintheprevious years.

24 24

Advances to Directors: In general, the Bank does not consider any credit facility to any director of the Bank. A few members of the Board have availed loans against their own Fixed Deposits with the Bank as permitted under related guidelines of RBI and none of these loans are in default.

Table Showing Details of Loans and Advances granted to Directors and their Relatives (Rs. in lakh)

Type Outstanding as on 31/03/2018

Disbursements during the year

Recovery during the year

Outstanding as on 31/03/2019

Overdue

Loan against FD 1.82 11.56 6.92 6.46 NilInvestments and Funds Management: Other than advances, Investment/treasury operation is an important source of income for the Bank. Regular income is derived from the investments made to maintain Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) in compliance with regulatory requirements in this regard. Besides, the Bank also invests surplus funds in Non-SLR instruments. Bank’s total investment as on 31/03/2019 stood at ` 741.03 crore, out of which the major portion of ̀ 643.73 crore is in the form of investment in Government Securities. The balance amount of ̀ 97.30 crores has been invested in Non SLR Bonds / Scripts. These investments generated interest income of ` 61.63 crore for the Bank during the year under report. Any development in the world has a direct bearingonthemoneymarketsworldover.Thevalueofsecuritiesfluctuateswidelyduetosuchupheavalsfrequently.Thesecuritymarket,therefore,remainsmostlyvolatile.BankhadtakenadvantageoffluctuatingpricesofGovernmentSecurities&earnedatradingprofitof̀ 1.48crorefortheyearunderreport.Byprudentlymanaging liquidity the surplus fund after maintaining CRR and SLR and for clearing operations, were deployed in Bank FDR, CBLO/TREPS, RBI REVERSE REPO LAF & RBI approved Mutual Fund investment. By making such investment Bank earned income of ` 14.04 crore. We may assure you that all investments are made as per Bank’s Investment Policy which is based on extant RBI guidelines in this regard.

Audit & Inspection: As per the decision taken at the last Annual General Meeting, M/s. Kirtane & Pandit L.L.P., Chartered Accountants,wereappointedStatutoryAuditorsoftheBankfortheyear2018-19.Theyhaveconductedtheaudit for the year under report and submitted their Audit Report which is now being placed before you. I am happy to inform you that the Auditors have awarded “A”categorytotheBankforthisyear(FY2018-19)too. As a prudent policy to follow best practices the Board feels that Bank should follow practice of giving cooling period to Statutory Auditors. Hence, the Board recommends that M/s. Vaishampayan & Padhye may be appointed as the Bank’s Statutory Auditors for the current year (F.Y. 2019-20). M/s. Vaishampayan & Padhye has conveyed their consent for appointment as Bank’s Statutory Auditors. A Subject bearing No. 4 is proposed for this purpose.

Besides Statutory Audit the Bank also regularly subjects itself to various other types of audits like ConcurrentAudit, Credit Audit, InvestmentAudit, IT & EDPAudit etc. for which different audit firms areappointed and the audit assignments are allotted to them. M/s. Dhananjay J. Gokhale & Co. Chartered Accountants function as Chief Internal Auditor of the Bank. In addition to external audits, Bank also goes through,atperiodical intervals, theprocessof internal inspectionundertakenbytheofficersof its in-houseAudit & Inspection Department. The Bank is also subjected to annual inspection by Reserve Bank of India.

25

Human Resources Developments: Being in the service sector, we have always recognized the vital role that the Bank’s employees play inthedevelopment,growthandimage-buildingoftheBank.ThestaffmemberssittingatthecountersarethefaceoftheBankbecausetheyarethefirstcontactpointsforallourcustomers.Therefore,ourBankhasalwaysbelieved that the employees are our real assets/ resources. With this philosophy we have tried to build up a satisfiedandhappyworkforcewhowillalwaysfeelasenseofbelongingtotheBank.Onlythroughthemwecanprovideefficientservicestoourcustomers.Ithasbeenalwaysourendeavortoencouragethemtoupgradetheirknowledgeandimprovetheirskillsets.ByofferingincentivesbywayofadditionalincrementsBankhasmotivated them to appear for professional examinations covering various aspects of banking, which would berelevanttotheirworkprofile.Thefollowingtableshowsthenumberofemployeeswhohavesuccessfullycompleted various examinations –

Sr.No.

Name of Courses No. of Successful Employees in the year 2018-19

1 JAIIB 62 CAIIB 13 Advance Diploma in Urban Co-operative Banking 44 Diploma in Retail Banking 55 GDC&A 4

Total 20 Besidesprofessionalqualifications,periodical training isalsonecessary forskillenhancement.OurBank has recognized this and is providing regular training to all categories of employees as per a structured trainingschedulethroughouttheyear.Thisisanongoingprocessandtheobjectiveistoupgradeandfinetuneknowledge, skill and attitude of the employees through a continuous process. The training schedule is worked outkeepinginmindthejobrequirementsofdifferentcategoriesofemployees.Duringtheyearunderreportthefollowing number of employees were covered under various training programmes –

Sr. No.

Cadre Total Number of Employees

No. of Employees Training given to

1 Executives/Officers 153 1452 Clerk 293 2873 Sub-staff/Daftary 80 48

Total 526 480 TheBankhasobjectiveofimprovingtheproductivity&efficiencyofallemployeesthroughprofessionalexaminationsandregulartraining.Thestaffproductivity(businessperemployee)is̀ 9.84croreinAnnualyear2018-19.

IT Initiatives: Bankhasalreadystartedoffering Internetbanking facility toretailandcorporatecustomersasalsoMobile banking and UPI (through BHIM APP) services. Customers have responded very enthusiastically which can be observed from the accompanying table giving usage of various e-channels during last three years.

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(Rs. in Crore)

2016-17 2017-18 2018-19Sr. No.

Item No. of Transactions

Amount No. of Transactions

Amount No. of Transactions

Amount

1 Debit Cards Issued 32,850 NA 29,876 NA 44,711 NA2 PoS Transactions 2,94,675 39.11 4,97,182 65.45 6,85,301 88.493 ATM withdrawals Issuer 7,69,507 219.85 8,04,047 253.83 9,65,295 264.464 ATM withdrawals Acquirer 5,21,791 177.47 7,38,001 255.20 8,15,562 280.035 E-Com Transactions NA NA 94,156 7.98 2,83,654 26.826 IMPS Registrations 9,935 14,018 12,8977 IMPS Transactions initiated 81,710 64.93 2,27,966 196.27 3,61,872 359.478 Internet Banking Registrations 6,658 7,399 7,3299 UPI (BHIM) Transactions NA NA 2,50,923 31.28 11,64,049 269.5910 NACH Transactions 2,80,747 134.49 3,86,203 212.29 4,56,912 215.63

BankhasofferedMissedCallAlertservicestoitscustomers.BygivingaMissedCallfromRegisteredMobile Number, customers can get information about balance in their account as well as can block / Hotlist their ATM /Debit card in case of loss of card.

Insurance Business: The Bank entered into the insurance distribution business with the objective of augmenting its ‘other’ (non-interest) income. It is working as Corporate Agent of Kotak Life Insurance Co. Ltd. for distribution of life insurance products since 2011 and also as Corporate Agent of The New India Assurance Co. Ltd. for distribution ofnon-life(general)insuranceproductssince2014.InboththefieldsBank’sperformanceisregisteringsteadygrowth over the years. While in life insurance Business Bank collected total premium of `306.48lakhfrom934 policies, in general insurance the Premium collection was ` 79.21 lakh from 1195 policies. In aggregate Bank’s commission income from insurance business reached `104.68lakh.

In addition to our insurance distribution business as Corporate Agent, our Bank also participated in the two unique insurance schemes for the common man launched by the Govt. of India in August 2015, viz.(a) Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and (b) Pradhan Mantri Suraksha Bima Yojana (PMSBY).While the first scheme i.e. PMJJBY is life insurance for a cover of` 2 lakh offered at a smallpremium of `330, thesecondscheme i.e.PMSBYoffersgeneral insuranceup to` 2 lakh available at a nominal premium of ` 12 only. Our Bank, in association with LIC of India, participated in PMJJBY and collected premium of ` 13.63 lakh from 4739 applicants. Similarly, we participated in PMSBY, in association with New India Assurance Co. Ltd., and collected premium of ` 1.20 lakh from 10043 applicants.

Franking Business: Our Bank has been providing franking services to customers as well as non-customers from our Kala Talao Branch, Kalyan. During the year under report, the Bank earned income of ` 6,09,909 from franking of 59795 documents. Like income from insurance business, this is also non-interest fee-based income. Documents having stamp value up to ` 5000 are franked here.

Profit Appropriation & Dividend : On thebackgroundofstiffcompetition&risingNPAs, theBankhasseenconsistent increase in itsnetprofit.TheBoardhasrecommendeddividend@12%consideringdecliningtrendofinterestrateasalsostrengtheningthecapitalfunds.Profitappropriationispart&parceloffinancialstatements,detailsofwhicharegiven on page no. 50 and 51 of this report.

27

TheBoardofDirectorshasproposeddistributionofProfitasfollows.

NetProfit 20,54,52,246.00Previous Balance 8,40,86,561.00General Free Reserve Fund 1,00,00,000.00Total 29,95,38,807.00Reserve Fund (25%) 5,15,00,000.00General Free Reserve Fund (10%) 2,06,00,000.00National Co-operative Education Fund (1%) 20,00,000.00DividendPaid(2017-18)* 8,37,73,300.00Investment Fluctuation Reserve 70,00,000.00Charity Fund (1%) 20,00,000.00Shareholder Welfare Fund 10,00,000.00Mahostav Fund 10,00,000.00Ex-gratia to Employees 1,10,00,000.00Election Fund 7,00,000.00Education Fund 10,00,000.00Bad and Doubtful Fund 2,54,00,000.00BalanceC/F** 9,25,65,507.00Total 29,95,38,807.00*DividendPaidAmountisforF.Y.2017-18.

**IntermsofprovisionsofAS-4issuedbyICAI,effectivefromtheaccountingperiodcommencingon1stApril,2017 onwards, dividend which is subject to approval by the shareholders at the Annual General Meeting hasnotbeenincludedasaliabilityinthesefinancialstatements.Accordingly,theBankhasnotreflectedtheproposed dividend to shareholders of `9,25,00,000asaliabilityforthefinancialyear2018-2019,butthesaidamountisretainedintheProfitandLossAccount.

BUDGET: Like in thepast,wehaveset theBank’sbusinessbudget for the financial year2019-20, taking into consideration the targets set for deposits, advances, insurance business, level of NPA, proposed capital expenditure&fluctuationsininterestrates,repoandreversereporatesandfixingthepricingofourdepositand loan products accordingly, etc.

The Byelaws under Multi State Act authorize the Board to draw and approve the Annual Budget of the Bank. The Board has taken into account various factor such as Current economic scenario, GDP growth, the impact of GST, challenge faced by Co-operative Banks etc. Taking into consideration these factors our business growth will be in the range of 4% to 5%. Our deposits are expected to grow from `3043.48Croresto` 3200.00 Crores and advances are likely to grow from ` 2132.51 Crores to ` 2200.00 Crores. It means our bank will reach the business mix of `5400.00Crores.Ourprofitwillbearound` 23.00 Crores of course we shall fall in line in respect of NPA & CRAR norms of RBI. Despite this I assure the members to exceed these numbers.

BYE-LAWS AMENDMENTTo comply with the provisions of Multi State Co-operative Societies Act, 2002 and to conform with the guidelinesissuedbyReserveBankofIndiafromtimetotime,fewmodificationsintheBye-LawsoftheBankarerecommendedbytheBoardforyourapproval.ChartdetailingproposedmodificationsisprintedonpageNo. 72 to 74.

28 28

AWARDS & RECOGNITION It is a matter of great honour and satisfaction that the good work and performance of our Bank is being regularly recognized by various independent organizations through number of awards bestowed upon us every year. This year we were proud to receive the following awards

• Best Bank & Best Technology Award – The Bank has received 2nd prize in large Co-operative Bank’s Group as “Best Bank” & “Best Technology”fortheyear2017-18.Thesetwoawardswereawardedon17th January 2019 at Karjat in a Special Function Organized by Banco.

• Karnad Banking Research And Development Foundation had conducted Annual Report Competition. Our Bank has received 1st prize for Annual Reportfortheyear2017-18.TheprizewaspresentedtotheBankon17thDecember2018atKolhapur.

• Best Chairman Award - Karnad Banking Research And Development Foundation has bestowed Best Chairman Award upon Bank’s Chairman Adv. Suresh Patwardhan in a function arranged on 17th December 2018.

• Karnad Banking Research And Development Foundation has awarded “Best CEO” 2nd prize to Hon. ChiefExecutiveOfficerofBankMr.AtulKhirwadkarinafunctionarrangedon17thDecember2018.

• Best Recovery Officer –BankhasreceivedBestRecoveryOfficer1stprizeawardbyKarnadBankingResearch&DevelopmentFoundationinafunctionarrangedon17thDecember2018.

• Best Information Technology Award – The Bank has received Best Information Technology Award for 2018byTheMaharashtraStateCo-operativeBank’sFederationon29thSeptember2018.

• The Bank has received “Best E-Payment Initiative” & “Best Lending Innovation” Award in large Co-operativeBank’sGroupfortheyear2017-2018.Thesetwoawardswereawardedon9thSeptember

2018inafunctionorganizedbyBankingFrontieratDelhi.

• Banking Frontier a renowned magazine has awarded “Best IT Head Award” in a function arranged on 9thSeptember2018atDelhi.HIGHLIGHTS OF MAJOR EVENTS AND SPECIAL OCCASIONS1. Vidyarthi Pravinya Puraskar: Every year our Bank felicitates students (wards of the Bank’s shareholders) performing well in 10th, 12th

orequivalentexaminationsbyconferringthisaward.Wealsooffertwospecialawardsviz.“Bharatacharya Vaidya Puraskar” and “Dr. Anandibai Joshi Puraskar”. This year the prize distribution ceremony took placeonAugust12,2018andtheawardsweredistributedatthehandsofrenownedKirtankar

Shri. Yeshwant Narayan Kanade.2. Distribution of Charity Fund: OurBankhascreatedaCharityFundbytransferring1%ofthenetprofiteveryyear.Thisfundisutilized

forprovidingfinancialassistancetovariousmedical,educationalandsocialinstitutions.Thisyearthefunddistribution took place at a function held on 2 February, 2019 where cheques were handed over to 151 institutions, at the hands Hon. MP. Shri. Kapil Patil, Bhiwandi Constituency.

29

3. Celebration of Teachers’ Day: OnSeptember5,2018,“Teachers’Day”wascelebratedwithvisitsmadebystaffmembersandofficersof

our various branches to the nearby schools and colleges and their teachers were felicitated. Our Chairman, Vice Chairman and Directors also took part in these celebrations at some of the places.

4. Celebration of Women’s Day: “InternationalWomen’s Day” is celebrated on 8thMarch every year. This year also this special day

wascelebratedatthebranchesaswellasatHeadOffice,byinvitingandfelicitatingprominentwomenpersonalitiesinvariousfields.

OBITUARY: During the year under report, Bank’s founder directors, Adv. Shridhar alias Bhaurao Sabnis &Shri. Narayan Bhoir passed away. We take this opportunity to convey our sincere condolence to their family members & also the families of those members who have passed away during the year under report. We pray that the departed souls may rest in peace.

ACKNOWLEGEMENT & THANKS: As you all are aware, your Bank has come a long way from its humble origin as a small local bank in the city of Kalyan to its present Multistate status stature as a vibrant and fast expanding, growth and technology driven bank with a wide network of 42 branches spread out over eight districts of the State. This journey may not be spectacular but Bank’s growth story contains some interesting lessons of long term vision, ambitious targets, willingness for hard work, capacity to learn and improve and humility to remember the roots. During the last few years the Bank’s performance has been marked by continuous growth, - both in terms of balance sheet size as well as in geographical spread. This has been possible because of direct and indirect supports from many quarters. There is not enough space here to thank them individually but I wish to put on record our sinceregratitudeandmakespecialmentionofsomeofthem.ImustfirstacknowledgethetrustreposedontheBank by its members, depositors, borrowers and other account holders without whose unwavering support it would not have been possible for the Bank to reach the position where it is standing today.

WehavereceivedvaluableguidancefromofficialsofReserveBankofIndia,CentralRegistrar,NewDelhi, Commissioner of Co-operation, Maharashtra & Gujarat and other Government departments. We are thankful to all of them.

The Bank has received professional advices from the auditors, advocates, valuers and architects. I want to put on record our appreciation for their support and assistance.

We have received support and co-operation from Indian Bank’s Association, NAFCUB, Maharashtra StateCo-operativeBanks’Federation,KonkanNagariSahakariBanks’Association,OfficersAssociationandEmployees Union. I wish to convey my sincere gratitude to all of them.

Last but not the least, I am thankful to the media representatives from press and TV, who have always given very positive coverage to the Bank. This has contributed in creating public awareness about our Bank’s activities.

I am sure, the Bank will continue to receive the support and co-operation from all of you in the years to come.

Yours’ Sincerely,

Adv. Suresh Waman Patwardhan Chairman

30 30

MeeKee mebheke&À meb®eeuekeÀ

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yewueyeepeej MeeKee meew. heg<hee De. keÀoce [eWefyeJeueer MeeKee Þeer. meef®eve meg. DeebyeskeÀj

DeeOeejJee[er MeeKee meew. ceeOegjer efJe. JePes leUsieeJe oeYee[s MeeKee Þeer. censéej ce. cejeþs

Jee[e MeeKee heé. efJeueeme ce. hesCekeÀj veebefoJeueer ceuebie jes[ MeeKee Þeer. ceOegmetove je. heeìerue

Ke[keÀhee[e MeeKee Þeer. heëveeYe pe. peesMeer efììJeeUe MeeKee Þeer. nsceue Meeb. jJeeCeer

IeeìkeÀeshej MeeKee Þeer. nsceue Meeb. jJeeCeer heveJesue MeeKee [e@. jlveekeÀj vee. HeÀeìkeÀ

yeoueehetj MeeKee Þeer. ceOegmetove je. heeìerueMeefno YeieleeEmeie jes[, [eWefyeJeueer MeeKee

Þeer. meef®eve meg. DeebyeskeÀj

Gunemeveiej-2 MeeKee heé. ([e@.) Jemeble o. keÀeCes keÀesve MeeKee Þeer. heëveeYe pe. peesMeer

þeCes MeeKee De@[. megjsMe Jee. heìJeOe&ve Jeejpes MeeKee De@[. megjsMe Jee. heìJeOe&ve

meeleeje MeeKee heé. ([e@.) Jemeble o. keÀeCes efyeyeJesJee[er MeeKee De@[. megjsMe Jee. heìJeOe&ve

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n[hemej MeeKee Þeer. censéej ce. cejeþs efYeJeb[er MeeKee Þeer. nsceue Meeb. jJeeCeer

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Sampark Sanchalak of Branches

Main Branch Adv. Suresh W. PatwardhanDr. Ratnakar N. Phatak Dadar Branch Shri. Sachin S. Ambekar

Rambaug Branch Sau. Pushpa A. Kadam Shri. Dilip M. Dalvi Nashik Branch Shri. Mohan S. Agharkar

Kolsewadi Branch Prof. Vilas M. PenkarShri. Hemant S. Dargode Kolhapur Branch Prof. (Dr.) Vasant D. Kane

Kalatalao Branch Shri. Hemal S. RawaniDr. Sandeep D. Jadhav Borivali Branch Shri. Hemal S. Rawani

Syndicate Branch Shri. Ramesh P. GoreShri. Milind S. Naik

Ulhasnagar-5 Branch Shri. Madhusudan R. Patil

Murbad Branch Prof. Vilas M. Penkar Bhosari Branch Shri. Maheshwar M. MaratheUlhasnagar-4 Branch

Shri. Mohan S. AgharkarShri. Hemant S. Dargode

Chinchpada Road Branch Shri. Hemant S. Dargode

Netivali Branch Shri. Madhusudan R. Patil Thane LBS Road Branch Adv. Suresh W. Patwardhan

Bailbazar Branch Sau. Pushpa A. Kadam Dombivali Branch Shri. Sachin S. AmbekarAdharwadi Branch Sau. Madhuri V. Vaze Talegaon Branch Shri. Maheshwar M. Marathe

Wada Branch Prof. Vilas M. Penkar Nandivali Malang Road Branch Shri. Madhusudan R. Patil

Khadakpada Branch Shri. Padmanabh J. Joshi Titwala Branch Shri. Hemal S. Rawani

Ghatkopar Branch Shri. Hemal S. Rawani Panvel Branch Dr. Ratnakar N. Phatak

Badlapur Branch Shri. Madhusudan R. Patil S. B. Road Dombivali Branch Shri. Sachin S. Ambekar

Ulhasnagar-2 Branch Prof. (Dr.) Vasant D. Kane Kon Branch Shri. Padmanabh J. Joshi

Thane Branch Adv. Suresh W. Patwardhan Warje Branch Adv. Suresh W. PatwardhanSatara Branch Prof. (Dr.) Vasant D. Kane Bibvewadi Branch Adv. Suresh W. Patwardhan

Karad Branch Prof. (Dr.) Vasant D. Kane Ambad Road Nashik Branch Shri. Mohan S. Agharkar

Kharghar Branch Shri. Ramesh P. GoreAppa Balwant Chowk Pune Branch

Adv. Suresh W. Patwardhan

Chinchwad Branch Shri. Maheshwar M. Marathe Wagholi Branch Shri. Maheshwar M. Marathe

Hadapsar Branch Shri. Maheshwar M. Marathe Bhiwandi Branch Shri. Hemal S. Rawani

32 32

meYeemeo keÀu³eeCe efveOeer

15 ef[meWyej 1991 ®³ee Jeee|<ekeÀ meJe&meeOeejCe meYesle meYeemeo keÀu³eeCe efveOeer®eer mebkeÀuhevee ceev³e nesTve meoj ³eespevee peevesJeejer 1992 heemetve keÀe³ee&eqvJele Peeueer. yeBkesÀ®³ee meYeemeo keÀu³eeCe efveOeerDebleie&le meYeemeoebmeeþer Deee|LekeÀ mene³³e, JewÐekeÀer³e mene³³e Je Mew#eefCekeÀ hegjmkeÀej ³ee ³eespevee jeyeefJeu³ee peeleele.

³eespeveeb®es efvekeÀ<e heg{eruehećeeCes -

1) Deee|LekeÀ mene³³eë yeBkesÀ®³ee meYeemeoe®es vewmee|iekeÀefjl³ee efveOeve Peeu³eeme l³ee®es Jeejmeeme ª. 1,000/- Je DeheIeeleer efveOeve Peeu³eeme ª. 5,000/- osC³eele ³esleerue.

meoj mene³³eemeeþer `meYeemeolJeeme oesve Je<ex hetCe& DemeeJeerle’ ne efvekeÀ<e ueeiet veener.

De) Depe&oeje®es KYC.

ye) ce=l³et®ee oeKeuee DeeJeM³ekeÀ. (DeheIeeleer efveOeve Peeues Demeu³eeme meesyele heesefueme heb®eveec³ee®eer he´le osCes DeeJeM³ekeÀ Deens.)

keÀ) meYeemeoe®³ee efveOeveeveblej meYeemeoeves Yeeieemeeþer veeceefveoxefMele kesÀuesu³ee J³eÊeÀerme DeLeJee veeceefveoxMeve vemeu³eeme n³eele helveer Jee heleerme, keÀl³ee& cegueeme Je cegueiee vemeu³eeme cegueerme, ner jkeÌkeÀce osC³eele ³esF&ue.

2018-19 ³ee Je<ee&le SketÀCe 134 meYeemeoeb®³ee Jeejmeeme SketÀCe ª. 1,50,000/- ceole osC³eele Deeueer Deens.

2) JewÐekeÀer³e mene³³eë

De) DeheIeeleeves eEkeÀJee vewmee|iekeÀefjl³ee DehebielJe Deeu³eeme ª. 7,500/-

mejkeÀejer efve³eceehećeeCes, 40% DehebielJe Deeu³eeme Dee@ue Fbef[³ee Feqvmìì³etì Dee@HeÀ efHeÀpeerkeÀue ces[ermeerve Je efjn@efyeefueìsMeve Jee Dev³e lelmece mejkeÀejer mebmLeeb®ee oeKeuee DemeCes DeeJeM³ekeÀ Deens.

ye) yee³e-heeme mepe&jerë ª.15,000/-, De@vpeerDeeshueemìerë ª. 10,000/-, De@vpeerDeesieéHeÀerë ª. 3,000/-ceesleereEyeot Dee@hejsMeveë ª.3,000/-, cespej ye´sve mepe&jerë ª. 15,000/-, efkeÀ[veer ìêvmehueebìë ª. 15,000/-, ke@Àvmej®es jesie efveoeve Peeu³eeme ª. 7,500/-, lep%e [e@keÌìjeb®³ee meuu³eevegmeej kesÀuesues mke@ÀeEveie ª. 500/- Je Sce.Deej.Dee³e.: ª.1,500/- keÀuej [e@heuej ìsmì ©. 500/-, keÀeve- veekeÀ- Iemee ³eebhewkeÀer keÀMee®esner Dee@hejsMeve ©. 1,000/-, nee|ve³ee/ ne³e[êsefmeue/DeheWef[keÌme/heésmìsì iueB[ F.®es De@ehejsMeve ©. 2,500/-, ³egjervejer mìesve / iee@ueyue@[j mìesve F. ®es Dee@hejsMeve ©. 2,500/-, [esÈ³ee®es Dee@hejsMeve (keÀe®eeEyeot/ he[oe Jeiewjs) ©. 3,000/-, ceCekeÌ³ee®es Dee@hejsMeve ©. 7,000/-, cespej mepe&jer: (De@ye[e@efceveue, heBef¬eÀ³eeped, iee@ueyued@[j, ³egìsjme, oesvner Deele[er, hueerne, DeesJnjerpe, HegÀHeÌHegÀme, ³eke=Àle, anastomosis F ®es Dee@hejsMeve) ©. 10,000/-, meebOes jesheCe (joint replacement) ©. 10,000/-, neì&®³ee Jne@uJn®es Dee@hejsMeve ©. 10,000/-, efueJnj ìêvmehueebì ©. 15,000/- . DeeqmLeYebie Je hueemìj (Fracture of bone requiring only plaster) ©. 1000/- efceefÞele DeeqmLeYebie Mem$eef¬eÀ³ee (Compound fracture of bones requiring surgery) ©. 3000/- jÊeÀMegef×keÀjCe (Dialysis - only once) ©. 5000/-.

keÀ) yeBkesÀ®³ee meJe&, ceefnuee meYeemeoebmeeþer lemes®e p³esÿ heg©<e meYeemeoebmeeþer (Je³e Je<e& 60 Jejerue) efJeveecetu³e JewÐekeÀer³e leheemeCeer keÀjC³ee®eer megefJeOee yeBkesÀves GheueyOe keÀ©ve efouesueer Deens.

[) GhejesÊeÀ efvekeÀ<eebhewkeÀer keÀener JewÐekeÀer³e keÀejCes hegvne hegvne nesC³ee®eer MekeÌ³elee Demeles, (recurring type) lejer GhejesÊeÀ meJe& efvekeÀ<eebmeeþer SkeÀ meYeemeo SkeÀoe®e Depe& keÀ© MekeÀlees.

33

3) efJeÐeeLeea he´eJeerC³e hegjmkeÀejë

®eeuet Mew#eefCekeÀ Je<ee&le hejer#ee efouesueer DemeCes DeeJeM³ekeÀ Deens.

cee®e& DeKesj mJeleë eEkeÀJee DeeF& eEkeÀJee Je[erue yeBkesÀ®es meYeemeo DemeCes DeeJeM³ekeÀ Deens.

hegjmkeÀeje®eer jkeÌkeÀce efJeÐeeL³ee&®³ee / heeu³eeb®³ee veebJes hes - Dee@[&j keÀe{tve efoueer peeles.

F³eÊee 12 Jeer

Meem$e - 90% ®³ee heg{s ª. 1,500/-, 75% les 90% ª. 500/-

Meem$e (SC,ST,NT,VJ,SBC) - 85% ®³ee heg{s ª. 1,000/-, 80% ®³ee heg{s les 85% ª. 750/- 70% les 80% ª. 500/-

keÀuee Je JeeefCep³e - 80% ®³ee heg{s ©. 750/-, 70% les 80% ©. 500/-

F³eÊee 10 Jeer - 90% ®³ee heg{s ª. 750/-, 75% les 90% ª. 500/-

(SC,ST,NT,VJ,SBC) - 85% ®³ee heg{s ª.750/-, 70% les 85% ©. 500/-

F³eÊee 10 Jeer veblej®eer he´%ee MeesOe hejer#ee / Dee@efueeqche³ee[ - efMe<³eJe=Êeer ©. 1,000/-

F³eÊee 5 Jeer efMe<³eJe=Êeer - ©. 500/-

F³eÊee 8 Jeer efMe<³eJe=Êeer - ©. 750/-

yeBkesÀ®³ee Hee$e meYeemeoebvee Jejerue ³eespeveeb®ee ueeYe Ieslee ³esF&ue. lemes®e ³ee ³eespeveeb®ee HeÀe³eoe efceUC³eemeeþer meJe& meYeemeoebveer meleke&À jentve Deeheu³ee ceeefnleerle Demeuesu³ee yeBkesÀ®³ee meYeemeoeb®es mebyebOeele Jejerue Ieìvee Ie[u³eeme l³ee®eer met®evee yeBkesÀ®³ee cegK³e keÀe³ee&ue³eele he´l³e#e Yesìtve, uesKeer Jee he$eeJoejs ÐeeJeer, pesCeskeÀªve peemleerle peemle meYeemeoebvee ³ee ³eespeves®ee ueeYe nesT MekesÀue.

hee$e meYeemeo nesC³eemeeþer Keeueerue Deìer Deensle.

1. Deieesoj®³ee meueie leerve Je<ee&leerue efkeÀceeve SkeÀe Jeee|<ekeÀ meJe&meeOeejCe meYesme GheeqmLele jneCes.

2. efkeÀceeve YeeieYeeb[Jeue ` 1,000/-

3. efkeÀceeve þsJeer ` 500/- eEkeÀJee ` 1,00,000/- jkeÀces®eer keÀpe&megefJeOee. (efo. 31 cee®e& jespeer DeeJeM³ekeÀ)

HeÀÊeÀ hee$e meYeemeoebvee yeBkesÀ®³ee efveJe[CetkeÀerle celeoevee®ee DeefOekeÀej Deens.

meJe& meYeemeoebveer Yeejleer³e efjPeJn& yeBkesÀ®³ee KYC ceeie&oMe&keÀ lelJeeb®eer JesUesJesUer hetle&lee keÀjCes DeeJeM³ekeÀ Deens.

p³ee meYeemeoeb®es YeeieYeeb[Jeue Jej veceto kesÀuesu³ee ce³ee&oshes#ee keÀceer Deens, l³eebveer les ueJekeÀjele ueJekeÀj Jee{Jetve I³eeJes.

34 34

Members Welfare Fund The concept to institute “Welfare Fund” for members was approved in the Annual General Meeting held on 15th December 1991 and is implemented since January 1992. Under this schemeeligiblemembers are provided financial aid formedical purpose and for givingexcellence awards for members kin for their educational performance. The details of the revised scheme are given herein under. Eligibility Norms:1) Financial aid: Heirs of the deceased members shall be given Rs.1,000/- if the members

dies of natural death and Rs.5,000/- if the cause of member’s death is accident. Thecriteriaoftwoyearsmembershipisnotapplicableforthisbenefit.

a) KYC of applicant. b) Deathcertificate(alongwithPolicePanchnama,ifthecauseofdeathisaccident)c) Amount of aid shall be paid to the nominee of the shares, if the nomination is not made

then the payment shall be made to the survivor spouse of the member or major son or daughter in that order of performance.

Intheyear2018-19nominees/heirsof134deceasedmembersextendedaidofRs.1,50,000/-2) Medical Assistance :a) If physically incapacitated / handicapped due to accident or other reasons, Rs. 7500/- Ifapersonishandicappedmorethan40%,acertificatefromAllIndiaInstituteofPhysical

Medicine and Rehabilitation or any such government organization, is required to be furnished.

b) By-pass Surgery Rs. 15000/- Angioplasty Rs. 10000/-, Angiography Rs. 3000/-, Cataract Operation Rs. 3000/-, Major Brain surgery Rs. 15000/-, Kidney transplant Rs. 15000/-, If detected Cancer Rs. 7500/-, If advised by the Doctor to undergo following tests, CT Scan Rs. 500, MRI Rs. 1500/-, Colour Doppler Test Rs. 500.

Any type of ENT operation Rs. 1000/-, Hernia / Hydrocil / Appendix / Prostrate Glands Operation Rs. 2500/-, Urinary stone / Gall bladder Operation Rs. 2500/- , Eye Operations like glaucoma etc. Rs. 3000/-, Neurological surgery Rs. 7000/-, Any major surgery : Abdominal, Pancreas, Gall bladder, Uterous, Intestines, Liver, Pleah, Overies, Lungs, anastomosis etc. Rs. 10000/-, Joints replacement Rs. 10000/-, Heart valve replacement Rs. 10000/-, Liver transplant Rs. 15000/- Fracture of Bone requiring only plaster Rs. 1,000/-, Compound Fracture of Bone requiring surgery Rs. 3000/-, Dialysis (Only Once) Rs. 5000/- .

C) Bank has made available a facility to undergo medical tests, without any charges, to all lady members of the bank and senior male members (Above 60 years).

D) In case of recurring expenses incurred on account of any decease / tests etc. mentioned herein above, members are entitled to apply only once.

35

Criteria for Qualified Member• To be eligible as “Qualified Member” one should fulfill all the following conditions. 1. Attendance in at least one annual general meeting in the last 3 immediately

preceding years. 2. Holding of minimum shares of Rs. 1,000/-3. Should hold minimum deposits of Rs. 500/- or should have minimum loan facility

of Rs. 1,00,000/- (Balance as of 31st March is necessary) • Only “Qualified member” shall have rights to vote in the elections for the board of

directors of the bank. • All members should comply with the KYC requirements as per RBI guidelines. • Members who hold less than required minimum share as stated above are requested

to apply for additional shares.

3) Awards for excellent performance to children of members General Eligibility: Should have appeared in the current educational year. The father or mother of such student or he / she, himself / herself should be member of the

bankasat31stMarchofthefinancialyear.H.S.C Examination: Science: Above 90% Rs.1,500/-, Between 75% to 90% Rs.500/-Science (SC,ST,NT,VJ, SBC) :Above85%Rs.1,000/-,Between80%to85%Rs.750/-,Between70%to80%Rs.500/-Arts and Commerce: Above80%Rs.750/-,Between70%to80%Rs.500/-S.S.C. Examination: Above 90% Rs.750/-, Between 75% to 90% Rs.500/-(SC,ST,NT,VJ, SBC): Above85%Rs.750/-,Between70%to85%Rs.500/-Talent Research Examination passed after S.S.C Exam. /Olympiad Scholarship: Rs.1,000/- Scholarship Examination, 5th Standard: Rs.500/-Scholarship Examination, 8th Standard: Rs.750/-QualifiedMembersareeligiblefortheseschemes.Membersarerequestedtogothroughtheseschemes carefully and are hereby appealed to kindly bring to the notice of the bank ,any incident / occasion, in writing, which might have occurred in relation to any of the bank’s members knowntothem,sothatmaximummemberscangetthebenefitofthewelfareschemes.

36 36

KIRTANE & PANDIT LLP Chartered Accountants H/16, Saraswat Colony, Sitaladevi Temple Road, Mahim, Mumbai - 400 016, India.

Independent Auditor’s ReportToThe Members, The Kalyan Janata Sahakari Bank Ltd.(Multi State Scheduled Bank)Opinion1. WehaveauditedtheaccompanyingfinancialstatementsofTheKalyanJanataSahakariBankLtd.

(‘the Bank’) as at 31 March 2019, which comprise the Balance Sheet as at 31 March 2019, and the ProfitandLossAccount,andtheCashFlowStatementfortheyearthenended,andasummaryofsignificantaccountingpoliciesandotherexplanatory information.The returnsofHeadOfficeandits departments and 21 branches audited by us and the returns of other branches audited by the concurrentauditorsof the respectivebranchesareconsolidated in thesefinancialstatements.AsinformedtousbytheManagement,Bankhasnotreceivedanyspecificguidelineswithrespecttoselection of branches to be covered under the audit. The branches and other departments of Head Officecoveredbyusaccount for75.57%ofadvances,69.29%ofdeposits,75.14%of interestincome and 72.96 % of interest expenses.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaidfinancialstatementstogetherwiththeNotesthereongivetheinformationrequiredbytheBanking Regulation Act, 1949, the Multi State Co-operative Societies Act, 2002 and the Multi State Co-operative Societies Rules, 2002 and the guidelines issued by the National Bank for Agricultural and Rural Development (as applicable) and guidelines issued by Reserve Bank of India and the Central Registrar of Cooperative Societies, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) InthecaseoftheBalanceSheet,ofstateofaffairsoftheBankasat31stMarch2019;b) InthecaseoftheProfitandLossAccount,oftheprofitfortheyearendedonthatdate;andc) InthecaseoftheCashFlowStatement,ofthecashflowsfortheyearendedonthatdate.

Basis of Opinion2. We conducted our audit in accordance with the Standards on Auditing (SAs) issued by ICAI. Our

responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the entity in accordance with theCode of Ethics issued by ICAI andwe have fulfilled our other ethical responsibilities inaccordancewiththeCodeofEthics.Webelievethattheauditevidencewehaveobtainedissufficientand appropriate to provide a basis for our opinion.

37

Responsibilities of Management and those Charged with Governance for the Financial Statements3. TheManagementisresponsibleforthepreparationofthesefinancialstatementsinaccordancewith

provisions of the Banking Regulations Act, 1949, the guidelines issued by the Reserve Bank of India and the guidelines issued by the National Bank for Agricultural and Rural Development, the central registrar of Societies, the Multi State Co-operative Societies Act, 2002, the Multi State Co-operative Societies Rules, 2002, the Accounting Standards issued by the Institute of Chartered Accountants of India in so far as applicable to the Bank and in accordance with the accounting principles generally accepted in India and for such internal control as Management determines is necessary to enable the preparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraudorerror.

Inpreparingthefinancialstatements,managementisresponsibleforassessingtheentity’sabilityto continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the entity or to cease operations, or has no realistic alternative but to do so.

Thosechargedwithgovernanceareresponsibleforoverseeingtheentity’sfinancialreportingprocess.

Auditor’s Responsibility for the Audit of Financial Statement4. Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawhole

are free from material misstatement whether due to fraud or error and to issue auditor’s report that includes our opinion. Reasonable assurance is high level of assurance, but it is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate,theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionofuserstakenonthebasisofthesefinancialstatements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identifyandassesstherisksofmaterialmisstatementofthefinancialstatements,whetherdueto fraud or error, design and perform audit procedures responsive to those risks, and obtain auditevidencethatissufficientandappropriatetoprovideabasisforouropinion.Theriskofnot detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtainanunderstandingofinternalcontrolrelevanttotheauditinordertodesignauditproceduresthat are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectivenessoftheentity’sinternalcontrol.

• Evaluatetheappropriatenessofaccountingpoliciesusedandthereasonablenessofaccountingestimates and related disclosures made by management.

• Concludeontheappropriatenessofmanagement’suseofthegoingconcernbasisofaccountingand, based on the audit evidence obtained, whether a material uncertainty exists related to eventsorconditionsthatmaycastsignificantdoubtontheentity’sabilitytocontinueasagoingconcern. If we conclude that a material uncertainty exists, we are required to draw attention in ourauditor’sreporttotherelateddisclosuresinthefinancialstatementsor,ifsuchdisclosures

38 38

are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the entity to cease to continue as a going concern.

We communicate with those charged with governance regarding, among other matters, the planned scopeandtimingoftheauditandsignificantauditfindings,includinganysignificantdeficienciesininternal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Report on Other Legal & Regulatory Requirements 5. TheBalanceSheet and theProfit and LossAccount have been drawn up in Forms “A” and “B”

respectively of the Third Schedule to the Banking Regulation Act, 1949 and The Multi State Co-operative Societies Act, 2002, the Multi State Co-operative Societies Rules, 2002

As required by Section 73 (4) of the Multi State Co-operative Societies Act, 2002 we report that: We have obtained all the information and explanations, which to the best of our knowledge and belief

were necessary for the purpose of our audit and have found to be satisfactory.a) In our opinion, proper books of account as required by law have been kept by the Bank so far as

it appears from our examination of those books and proper returns adequate for the purposes of ouraudithavebeenreceivedfromthebranchesoroffices.

b) The transactions of the Bank which came to our notice have been within the powers of the Bank.c) TheBalanceSheetandProfitandLossAccountdealtwithbythisreport,areinagreementwith

the books of account and the returns.d) The accounting standards adopted by the Bank are consistent with those laid down by the

Institute of Chartered Accountants of India.e) In our opinion and according to information and explanations given to us, we have not noticed

any material impropriety or irregularity in the expenditure or in the realisation of money due to the Bank.

6. As per the information and explanations given to us and based on our examination of the books of account and other records, we have not come across material instances which need to be reported under Rule 27(3) of Multi State Co-operative Societies Rules, 2002.

For Kirtane & Pandit LLPChartered AccountantsFRN 105215W/W100057

Sandeep D. WellingPartnerM. No. 044576Date: May 17, 2019Place: Kalyan

39

THE KALYAN JANATA SAHAKARI BANK LTD.FINANCIAL YEAR ENDED 31ST MARCH, 2019

ANNEXURE TO INDEPENDENT AUDITOR’S REPORT(Referred to in our report of even date)

As required by the Rule 27 (3) of the Multi - state Co-operative Societies Rules, 2002, we report on themattersspecifiedinclauses(a)to(f)ofthesaidRuletotheextentapplicabletotheBank.a. During the course of our audit, we have generally not come across transactions which appear to

be contrary to the provisions of the Act, the Rules or the Bye-Laws of the Bank.b. Duringthecourseofouraudit,wehavenotcomeacrossmaterialandsignificanttransactions

which appear to be contrary to the guidelines issued by the Reserve Bank of India and National Agriculture and Rural Development Bank.

c. The following monies due to the Bank appear to be doubtful of recovery against which a provision of ` 3128.33Lakhsismadeintheaccounts.(Advancescategorizedasdoubtfulandlossassetsas per prudential norms are considered as doubtful of recovery).

Category Outstanding on 31.03.2019 (Rs. Lakhs)Doubtful Assets 4001.39Loss Assets 6.63

d. As per the information provided to us and to the best of our knowledge, the following credit facilities have been sanctioned by the Bank to the members of the Board or their relatives against Fixed Deposits of the Bank.

Fund Based amountOutstanding (Rs. in Lakhs)

Security Value(Rs. in Lakhs)

Overdues, if any(Rs. in Lakhs)

6.46 7.97 NILe. During the course of our audit, we have generally not come across any violations of guidelines,

conditions etc. issued by the Reserve Bank and National Agriculture and Rural Development Bank.

f. Tothebestofourknowledge,noothermattershavebeenspecifiedbytheCentralRegistrar,which require reporting under this Rule.

For Kirtane & Pandit LLPChartered AccountantsFRN 105215W/W100057

Sandeep D. WellingPartnerM. No. 044576Place: Kalyan Date: May 17, 2019

40 40

31 cee®e& 2019 ®ee leeUsyeboBALANCE SHEET AS ON 31ST MARCH, 2019

2017-18 (`) Yeeb[Jeue Je osCeer / CAPITAL & LIABILITIES Amount (`) 2018-19 (`)

DeefOeke=Àle YeeieYeeb[Jeue

(8,00,00,000 Yeeie ©. 25/- hećeeCes)

(ceeieerue Je<eea 8,00,00,000 Yeeie ©. 25/- hećeeCes) 2,00,00,00,000 AUTHORISED SHARE CAPITAL 2,00,00,00,000

(8,00,00,000sharesof` 25/- each) (Previousyear8,00,00,000sharesof` 25/- each)

Jemetue Peeuesues YeeieYeeb[Jeue

(4,43,36,567 Yeeie ©. 25/- hećeeCes)

(ceeieerue Je<eea 3,04,98,584 Yeeie ©. 25/- hećeeCes)76,24,64,600 SUBSCRIBED & PAID UP CAPITAL 1,10,84,14,175

(4,43,36,567 shares of ` 25/- each)(Previousyear3,04,98,584sharesof` 25/- each)

0.00 Yeeie Depe& ceeieCeer jkeÌkeÀce / APPLICATION MONEY 0.00

jeKeerJe Je Flej efveOeer / RESERVE FUND & OTHER FUNDS

55,59,88,358 jeKeerJe efveOeer / STATUTORY RESERVE FUND 60,85,58,995

14,21,00,000 Fceejle efveOeer / BUILDING FUND 14,21,00,000

32,37,137 meYeemeo keÀu³eeCe efveOeer / SHAREHOLDERS' WELFARE FUND 29,47,158

4,16,60,000 iegbleJeCetkeÀ JeOeIeì efveOeer / INVESTMENT FLUCTUATION RESERVE 4,86,60,000

1,18,80,000 ceneslmeJe efveOeer / MAHOTSAV FUND 1,28,80,000

43,97,23,426 hegveceg&u³eebkeÀve efveOeer / REVALUATION RESERVE 42,87,30,341

33,97,500 Oecee&oe³e efveOeer / CHARITY FUND 33,97,500

8,40,00,000 Glheeefole keÀpe& heéJeOeeve / PROVISION FOR STD ASSETS 8,79,00,000

18,02,18,849 mebMeef³ele Je yeg[erle keÀpe& lejleto / BAD & DOUBTFUL DEBTS RESERVE 21,40,00,000

0 iegbleJeCetkeÀerJejerue Iemeeje lejleto / INVESTMENT DEPRECIATION RESERVE 20,00,000

34,51,764 DeehelkeÀeueerve heéJeOeeve / CONTINGENCY RESERVE 34,51,764

11,08,06,534 meJe&meeOeejCe cegÊeÀ efveOeer / GENERAL FREE RESERVE FUND 13,23,99,619

22,87,00,000 mebMeef³ele Je yeg[erle keÀpe& efveOeer / BAD & DOUBTFUL DEBTS FUNDS 13,69,24,0481,80,51,63,568 1,82,39,49,425

2,56,76,28,168 heg{erue heeveeJej / Carried Forward 2,93,23,63,600

41


2017-18 (`) eEpeoieer Je ³esCeer / PROPERTIES & ASSETS Amount (`) 2018-19 (`)

29,29,14,511 jesKe efMeuuekeÀ / CASH IN HAND 31,51,01,054yeBkeÀebleerue efMeuuekeÀ / BALANCE WITH BANKS

1,63,41,89,958 ®eeuet Keeles / CURRENT DEPOSITS 1,64,66,89,806

59,73,24,778 cegole þsJeer / FIXED DEPOSITS 1,12,26,09,348 2,76,92,99,154Deuhe met®evee Je Deuhe cegole þsJeer / MONEY AT CALL & SHORT NOTICE

89,93,52,031 CBLO / TREPS LENDING 34,97,65,77825,00,00,000 REVERSE REPO-LAF 64,00,00,000 98,97,65,778

6,56,55,96,333 iegbleJeCetkeÀ / INVESTMENTS 7,41,02,83,1706,06,89,96,333 i) mejkeÀejer keÀpe&jesKes / GOVERNMENT SECURITIES 6,43,72,64,065

oMe&veer cetu³e ©. 6,45,52,30,000/- / FACE VALUE ` 6,45,52,30,000/-

(ceeieerue Je<eea ` 6,05,52,30,000/-) / (P.Y. ` 6,05,52,30,000/-)

yeepeejcetu³e ` 6,27,67,62,208/- / MARKET VALUE `6,27,67,62,208/-

(ceeieerue Je<eea ` 5,84,17,57,840/-) / (P.Y. ` 5,84,17,57,840/-)

0 ii) Flej ceev³elee he´ehle jesKes / OTHER APPROVED SECURITIES 0

iii) meceYeeie/INVESTMENTS IN SHARES

2,01,000 cenejeä^ jep³e men.yeBkeÀ efue. / MAHARASHTRA STATE CO-OP BANK LTD. 2,01,000

1,000 þeCes efpeune ceO³eJeleea menkeÀejer yeBkeÀ efue. / 1,000THANE DISTRICT CENTRAL CO-OP BANK LTD.

2,02,000 2,02,0005,00,00,000 iv) meeJe&peefvekeÀ #es$eeleerue keÀpe&jesKes / BONDS OF PSU & FI 5,00,00,000

oMe&veer cetu³e ©. 5,00,00,000/- / FACE VALUE ` 5,00,00,000/-

(ceeieerue Je<eea © 5,00,00,000/-) / (P.Y. ` 5,00,00,000/-)

yeepeejcetu³e ©. 5,18,71,004/- / MARKET VALUE ` 5,18,71,004/-

(ceeieerue Je<eea ©. 5,12,96,916/-) / (P.Y. ` 5,12,96,916/-)

44,63,98,000 v) Flej iegbleJeCetkeÀ / OTHERS 92,28,17,105

oMe&veer cetu³e ©. 93,79,69,000/- / FACE VALUE ` 93,79,69,000/-

(ceeieerue Je<eea ©. 44,65,78,000/-) / (P.Y. ` 44,65,78,000/-)

yeepeejcetu³e ©. 97,40,81,711/- / MARKET VALUE ` 97,40,81,711/-

(ceeieerue Je<eea ©. 44,95,82,354/-) / (P.Y. ` `44,95,82,354/-) 10,23,93,77,611 heg{erue heeveeJej / Carried Forward 11,48,44,49,156

42 42


2017-18 (`) Yeeb[Jeue Je osCeer / CAPITAL & LIABILITIES Amount (`) 2018-19 (`)

256,76,28,168 ceeieerue heeveeJe©ve / Brought Forward 293,23,63,600

þsJeer Je Dev³e Keeleer / DEPOSIT & OTHER ACCOUNTS

111,44,54,759 ceeefmekeÀ J³eepe þsJeer / MONTHLY INTEREST DEPOSIT 1,27,76,20,826

407,32,34,005 $ewceeefmekeÀ J³eepe þsJeer / QUARTERLY INTEREST DEPOSITS 4,54,98,18,052

76,34,86,583 Deuhe cegole þsJeer / SHORT TERM DEPOSIT 74,83,32,911

1108,96,07,405 hegveieg¥leJeCetkeÀ þsJeer / REINVESTMENT DEPOSIT 11,87,19,13,819

36,89,00,190 keÀj ye®ele ³eespevee / TAX SAVING SCHEME 40,79,94,554

17,21,64,383 Oeve menm$e þsJe ³eespevee / DHANA SAHASTRA DEPOSIT SCHEME 0

1,82,143 Flej cegole þsJeer / OTHER TERM DEPOSIT 0

56,03,39,365 DeeJele& þsJeer / RECURRING DEPOSITS 59,12,48,068

183,87,45,980 cebieuecetleea þsJe ³eespevee / MANGALMURTI DEPOSIT SCHEME 2,47,18,35,534

1998,11,14,813 SketÀCe cegole þsJeer / TOTAL TERM DEPOSITS 21,91,87,63,764

SketÀCe cegole þsJeer hewkeÀer / TOTAL TERM DEPOSITS OF WHICH

1755,16,74,929 Jew³eefÊeÀkeÀ/ INDIVIDUALS 19,17,01,04,134

0 ceO³eJeleea menkeÀejer yeBkeÀe /CENTRAL CO-OP BANKS 0

242,94,39,884 Flej menkeÀejer meesmee³eìer /OTHER CO-OP SOCIETIES 2,74,86,59,630

1998,11,14,813 SketÀCe cegole þsJeer /TOTAL TERM DEPOSIT 21,91,87,63,764

ye®ele þsJeer / SAVINGS DEPOSITS

647,62,29,745 Jew³eefÊeÀkeÀ /INDIVIDUALS 6,70,93,47,458

0 ceO³eJeleea menkeÀejer yeBkeÀe / CENTRAL CO-OP BANKS 0

28,29,84,790 Flej menkeÀejer meesmee³eìer / OTHER CO-OP SOCIETIES 28,73,02,140

675,92,14,535 SketÀCe ye®ele þsJeer / TOTAL SAVINGS DEPOSITS 6,99,66,49,598

256,76,28,168 heg{erue heeveeJej / Carried Forward 293,23,63,600

43


2017-18 (`) eEpeoieer Je ³esCeer / PROPERTIES & ASSETS Amount (`) 2018-19 (`)1023,93,77,611 ceeieerue heeveeJe©ve / Brought Forward 1148,44,49,156

20,26,62,66,756 keÀpex / LOANS & ADVANCES 21,32,50,66,922A)Deuhe cegole keÀpex / SHORT TERM LOANS

9,51,02,45,531 leejCe keÀpex / SECURED 10,59,34,48,3723,86,52,399 efJeveeleejCe keÀpex / UNSECURED 1,32,28,390

9,54,88,97,931 10,60,66,76,762(hewkeÀer,Jew³eefÊeÀkeÀ ©.1,84,36,37,231/-)OF WHICH INDIVIDUAL` 1,84,36,37,231/-(hewkeÀer,LekeÀerle jkeÌkeÀce ©.12,23,45,066/-)OF WHICH OVER DUES ` 12,23,45,066/-B) ceO³ece cegole keÀpex / MEDIUM TERM LOANS

2,28,35,39,965 leejCe keÀpex / SECURED 2,10,99,43,7921,23,13,15,924 efJeveeleejCe keÀpex / UNSECURED 1,10,51,87,6753,51,48,55,889 3,21,51,31,467

(hewkeÀer,Jew³eefÊeÀkeÀ ©.1,53,87,12,134/-)OFWHICHINDIVIDUAL`1,53,87,12,134/-(hewkeÀer,LekeÀerle jkeÌkeÀce ©.11,37,23,488/-)OF WHICH OVER DUES ` 11,37,23,488/-C) oerIe& cegole keÀpex / LONG TERM LOANS

6,99,15,84,058 leejCe keÀpex / SECURED 7,33,19,53,88221,09,28,878 efJeveeleejCe keÀpex / UNSECURED 17,13,04,811

7,20,25,12,936 7,50,32,58,693(hewkeÀer,Jew³eefÊeÀkeÀ ©.4,63,83,58,744/-)/INDIVIDUAL`4,63,83,58,744/-(hewkeÀer,LekeÀerle jkeÌkeÀce ©.4,69,29,775/-) / OVERDUES `4,69,29,775/-(SketÀCe keÀpee¥hewkeÀer,Deveglheeefole keÀpex ©.7,818.08ueeKe)(OF THE TOTAL ADVANCES CONSIDERED AS BAD & DOUBTFUL ` 7,818.08Lakh)(ceeieerue Je<eea ©.11,579.89ueeKe) / (PREVIOUS YEAR ` 11,579.89Lakh)SketÀCe LekeÀyeekeÀer ©.28,29,98,329/-(TOTAL AMOUNT OVERDUE ` 28,29,98,329/-)(ceeieerue Je<eea®eer LekeÀyeekeÀer ©.58,17,90,861/-)(PREVIOUS YEAR ` 58,17,90,861/-)

6,83,622 MeeKee pegUJeCeer / Branch Adjustment 99,873J³eepe ³esCes / INTEREST RECEIVABLE

15,45,37,388 iegbleJeCetkeÀerJejerue J³eepe ³esCes / ON INVESTMENT 13,83,28,55323,04,16,858 LekeÀerle keÀpee&Jejerue J³eepe ³esCes / ON NON PERFORMING ASSETS 15,88,27,993 29,71,56,546

7,53,804 JemegueermeeþerDeeuesueer efyeues(osCes yeepethe´ceeCes)/ 7,78,804BILLS RECEIVABLE BEING BILLSFOR COLLECTION AS PER CONTRA

3089,20,36,039 heg{erue heeveeJej / Carried Forward 3310,75,51,301

44 44


2017-18 (`) Yeeb[Jeue Je osCeer / CAPITAL & LIABILITIES Amount(`) 2018-19 (`)256,76,28,168 ceeieerue heeveeJe©ve / Brought Forward 293,23,63,600

®eeuet þsJeer / CURRENT DEPOSITS1,20,52,34,943 Jew³eefÊeÀkeÀ / INDIVIDUALS 1,34,36,03,346

0 ceO³eJeleea menkeÀejer yeBkeÀe / CENTRAL CO-OP BANKS 02,44,66,860 Flej menkeÀejer meesmee³eìer / OTHER CO-OP SOCIETIES 3,44,63,164

1,22,97,01,803 SketÀCe ®eeuet þsJeer / TOTAL CURRENT DEPOSITS 1,37,80,66,51017,02,24,298 cegole mebheuesu³ee þsJeer / MATURED DEPOSITS 14,12,81,454

28,14,02,55,449 SketÀCe þsJeer / TOTAL DEPOSITS 30,43,47,61,326keÀpex / BORROWING

73,51,400 veeyee[& / NABARD 36,04,40049,48,54,000 keÀu³eeCe efoIe&keÀeueerve og³³ece cegole þsJe 1 /KALYAN LONG TERM (SUBORDINATED)DEPOSITS 1 49,47,73,117

3,45,96,250keÀu³eeCe efoIe&keÀeueerve og³³ece cegole þsJe 2 / KALYAN LONG TERM (SUBORDINATED) DEPOSITS 2 3,45,96,250

53,68,01,650 53,29,73,7670 MeeKee pegUJeCeer / BRANCH ADJUSTMENT 0

7,53,804

Jemegueermeeþer Deeuesueer efyeues(³esCesyeepethe´ceeCes) / BILLS FOR COLLECTION BEING BILLS RECEIVABLE AS PER CONTRA 7,78,804

23,04,16,858 LekeÀerle J³eepe lejleto / OVERDUE INTEREST RESERVE 15,88,27,993J³eepe osCes / INTEREST PAYABLE

1,28,48,812 i) þsJeer / Deposits 1,48,37,74491,623 ii) keÀpex / Borrowing 44,438 1,48,82,182

21,47,995 ueeYeebMe osCes / DIVIDEND PAYABLE 15,81,874Flej osCeer / OTHER LIABILITIES

8,30,00,482 efyeueebheesìer osCeer / BILLS PAYABLE 3,62,73,8327,93,000 helehe$es Je yeBkeÀ nceerhe$es keÀefjlee ceee|peve jkeÌkeÀce / 7,93,000

MARGIN MONEY FOR LC & BG

1,31,83,900meeleeje ce®e¥ìme menkeÀejer yeBkeÀ keÀueskeÌMeve DekeÀeTbì /SATARA MERCHANTS CO-OP BANK COLLECTION ACCOUNT 1,31,83,900

2,06,59,579 Flej / OTHERS 2,05,71,29164,46,166 menkeÀej efMe#eCe efveOeer / CO-OPERATIVE EDUCATION FUND 61,21,46320,00,000 jeäer³e menkeÀej efMe#eCe efveOeer / NATIONAL CO-OP EDUCATION FUND 20,00,00029,00,000 efveJe[CetkeÀ efveOeer / ELECTION FUND 36,00,000

Ke®ee&meeþer lejlegoer / PROVISIONS FOR EXPENSES1,97,97,881 JewOeeefvekeÀ osC³eebmeeþer / FOR STATUTORY DUES 1,67,97,9273,72,73,951 Flej Ke®ee&meeþer / FOR OTHER EXPENSES (GENERAL) 2,63,33,080

18,60,54,959 12,56,74,49331,67,69,99,318 heg{erue heeveeJej / Carried Forward 34,20,18,44,039

45


2017-18 (`) eEpeoieer Je ³esCeer / PROPERTIES & ASSETS Amount ` 2018-19 (`)3089,20,36,039 ceeieerue heeveeJe©ve / Brought Forward 3310,75,51,301

mLeeJej ceeueceÊee / LAND AND BUILDING37,85,35,650 01.04.2018 jespeer®eer eEkeÀcele /COSTASON01.04.2018 62,19,68,53224,34,32,882 DeefOekeÀ Je<e&Yejeleerue veJeerve Kejsoer / hegveceg&u³eebkeÀve 0

ADD: ADDITIONS DURING THE YEAR / REVALUATION0 Jepee Je<e&Yejeleerue efJe¬eÀer/Jeie&Jeejer 0

LESS: DELETION DURING THE YEAR62,19,68,532 62,19,68,532

Jepee Iemeeje / LESS DEPRECIATION6,13,58,584 mebef®ele Iemeeje / ACCUMULATED DEPRECIATION 7,71,94,301

54,91,376 ®eeuet Je<eea®ee Iemeeje / CURRENT YEAR DEPRECIATION 26,13,7711,03,44,341 hegvecet&u³eebkeÀve ceeueceÊesJejerue Iemeeje 1,09,93,085

DEPRECIATION ON REVALUED ASSET0 Jepee:Je<e& Yejeleerue efJe¬eÀerJejerue Iemeeje 0

LESS:-DEPRECIATION ON SALE OF ASSETS DURING THE YEAR7,71,94,301 SketÀCe Iemeeje / TOTAL DEPRECIATION 9,08,01,157

54,47,74,231 Je<e& DeKesj®eer efMeuuekeÀ / CLOSING BALANCE 53,11,67,375keÀe³ee&ue³ee®es vetleveerkeÀjCe / OFFICE RENOVATION

82,83,679 01.04.2018 jespeer®eer eEkeÀcele /COSTASON01.04.2018 98,38,59422,57,815 DeefOekeÀ Je<e&Yejeleerue veJeerve Kejsoer /ADD: ADDITIONS DURING THE YEAR 9,38,0927,02,900 Jepee Je<e&Yejeleerue efJe¬eÀer/Jeie&Jeejer / LESS: DELETION DURING THE YEAR 2,22,48698,38,594 SketÀCe / Total 1,05,54,201

Jepee Iemeeje / LESS DEPRECIATION 54,59,520 mebef®ele Iemeeje / ACCUMULATED DEPRECIATION 59,93,1858,49,970 ®eeuet Je<eea®ee Iemeeje / CURRENT YEAR DEPRECIATION 8,75,6433,16,305 Jepee:Je<e&Yejeleerue Iemeeje / LESS: DEPERCIATION DURING THE YEAR 2,22,48559,93,186 SketÀCe Iemeeje / TOTAL DEPRECIATION 66,46,34338,45,408 Je<e& DeKesj®eer efMeuuekeÀ / CLOSING BALANCE 39,07,857

Jeenve / VEHICLE45,78,184 01.04.2018 jespeer®eer eEkeÀcele /COSTASON01.04.2018 65,18,34419,40,160 DeefOekeÀ Je<e&Yejeleerue veJeerve Kejsoer / ADD: ADDITIONS DURING THE YEAR 1,44,284

0 Jepee Je<e&Yejeleerue efJe¬eÀer/Jeie&Jeejer / LESS: DELETION DURING THE YEAR 13,94,19965,18,344 SketÀCe / Total 52,68,429

Jepee Iemeeje / LESS DEPRECIATION24,72,519 mebef®ele Iemeeje / ACCUMULATED DEPRECIATION 30,97,295

6,24,776 ®eeuet Je<eea®ee Iemeeje / CURRENT YEAR DEPRECIATION 8,08,5990 Jepee Je<e&Yejeleerue efJe¬eÀerJejerue Iemeeje / LESS:-DEPRECIATION ON SALE DURING THE YEAR 11,78,561

30,97,295 SketÀCe Iemeeje / TOTAL DEPRECIATION 27,27,33334,21,049 Je<e& DeKesj®eer efMeuuekeÀ / CLOSING BALANCE 25,41,096

HeÀe|ve®ej Je [s[mìe@keÀ / FURNITURE & DEAD STOCK45,04,23,756 01.04.2018 jespeer®eer eEkeÀcele /COSTASON01.04.2018 47,32,70,248

3,20,37,023 DeefOekeÀ Je<e&Yejeleerue veJeerve Kejsoer / ADD: ADDITIONS DURING THE YEAR 2,90,46,43991,90,531 Jepee Je<e&Yejeleerue efJe¬eÀer/Jeie&Jeejer/ LESS: DELETION DURING THE YEAR 18,49,562

47,32,70,248 SketÀCe / Total 50,04,67,1253144,40,76,727 heg{erue heeveeJej / Carried Forward 3364,51,67,629

46 46


2017-18 (`) Yeeb[Jeue Je osCeer / CAPITAL & LIABILITIES Amount ` 2018-19 (`)3167,69,99,318 ceeieerue heeveeJe©ve / Brought Forward 3420,18,44,039

8,40,86,561 veHeÀe - leesìe JeeìCeer he$ekeÀeleerue efMeuuekeÀ /SURPLUS IN NET PROFIT BROUGHT FORWARD FROM PROFIT & LOSS APPROPRIATION A/C

9,25,65,507

31,76,10,85,879 SketÀCe / Grand Total 34,29,44,09,546

2017-18 Amount (`) mebYeeJ³e osCeer /CONTINGENT LIABILITIES 2018-19

Amount (`)43,31,08,591 yeBkeÀ nceerhe$es / BANK GUARANTEE ISSUED 59,66,73,663

5,67,81,399 Hele he$es / LC ISSUED 29,18,95,945

4,58,32,516 Flej (ef[.F.S.SHeÀ.Keeleer pecee kesÀuesueer jkeÌkeÀce) / Other (Amount transfered to DEAF) 5,67,05,91053,57,22,506 SketÀCe / TOTAL 94,52,75,518

Adv. S. W. Patwardhan Shri. M. R. Patil (Chairman) (Vice Chairman)

Board of Directors

Shri. M. S. Agharkar, Prof. Shri. V. M. Penkar, Prof. (Dr.) V. D. Kane,

Sau P. A. Kadam, Shri. H. S. Rawani, Shri R. P. Gore, Dr. S. D. Jadhav,

Shri. D. M. Dalvi, Shri. P.J. Joshi, Dr. R. N. Phatak, Sau. M. V. Vaze

Shri. H. S. Dargode, Shri. M. S. Naik,

C.A. Shri. M. M. Marathe (Co-opted Director) C.A. Shri S. S. Ambekar (Co-opted Director)

47


2017-18(`) eEpeoieer Je ³esCeer / PROPERTIES & ASSETS Amount ` 2018-19 (`)3144,40,76,727 ceeieerue heeveeJe©ve / Brought Forward 3364,51,67,629

Jepee Iemeeje / LESS DEPRECIATION27,23,77,697 mebef®ele Iemeeje / ACCUMULATED DEPRECIATION 31,10,75,465

4,60,02,436 DeefOekeÀ: ®eeuet Iemeeje ADD:- CURRENT YEAR DEPRECIATION

4,07,05,429

73,04,669 Jepee Je<e&Yejeleerue efJe¬eÀerJejerue Iemeeje LESS: DEP. ON SALE DURING THE YEAR 15,07,45131,10,75,465 SketÀCe Iemeeje / TOTAL DEPRECIATION 35,02,73,44316,21,94,783 Je<e& DeKesj®eer efMeuuekeÀ / CLOSING BALANCE 15,01,93,682

Flej eEpeoieer / OTHER ASSETS4,05,65,543 Deveecele jkeÌkeÀce / DEPOSITS 4,11,62,113

4,44,77,937 Dee³ekeÀj hejleeJee / INCOME TAX REFUND 9,45,77,376

2,99,85,195 Flej / OTHERS 3,47,67,3903,97,85,694 [sHeÀ[& ì@keÌme / DEFERRED TAX ASSET 7,43,39,800

15,48,14,369 24,48,46,6790 Non-Banking Asset 25,42,01,556

6,76,78,591 SketÀCe efJeueerveerkeÀjCe Ke®e& / COST OF ACQUISITION 6,76,78,591

6,76,78,591 Jepee - ceeieerue Je<ee&he³e¥le veHeÀe leesìe Keeleer veebJes ìekeÀuesueer jkeÌkeÀce / AMORTISATION UP TO LAST YEAR

6,76,78,591

0 Jepee-®eeuet Je<ee&le veHeÀe-leesìe Keeleer veeJes ìekeÀuesueer jkeÌkeÀce / AMORTISATION DURING THE YEAR

0

0 03176,10,85,879 SketÀCe / GRAND TOTAL 3429,44,09,546

As Per Our Report Of Even Date Attached For Kirtane & Pandit LLP Shri. Atul N. KhirwadkarChartered Accountants Chief Executive OfficerFirm Reg. No. 105215W/W100057

(CA Sandeep D. Welling)Partner (M. No. 044576)Statutory Auditors

Place:-Kalyan Date:-17.05.2019

48 48

31 cee®e& 2019 DeKesj mebHeuesu³ee Je<ee&®es veHeÀe leesìe He$ekeÀPROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019

2017-18 (`) Ke®e& / EXPENDITURE 2018-19 (`)1,67,78,65,955 þsJeerJejerue J³eepe / INTEREST ON DEPOSITS 1,81,17,08,224

5,78,65,182 keÀpee&Jejerue J³eepe / INTEREST ON OD, BORROWING & REFINANCE 5,52,68,54136,70,33,583 Jesleve, Flej YeÊes Je YeefJe<³e efveJee&n efveOeer / SALARIES, ALLOWANCES & P.FUND 38,28,08,830

2,99,100 meb®eeuekeÀ YeÊes / DIRECTORS SITTING FEES 2,88,00010,81,15,962 keÀe³ee&ue³e Yee[s, keÀj Je Jeerpe / RENT, ELECTRICITY & TAXES 11,42,07,1592,67,06,233 efJecee / INSURANCE 2,93,64,359

76,39,422 ìheeue Je otjOJeveer / POSTAGE & TELEPHONE EXPENSES 92,04,78965,44,703 uesKee hejer#eCe HeÀer / AUDIT FEES 78,01,304

6,33,12,897 Iemeeje / DEPRECIATION 5,59,96,5272,75,04,891 og©mleer Je osKeYeeue / REPAIRS & MAINTENANCE 2,81,87,3021,09,18,188 íheeF& Je mìsMevejer / PRINTING & STATIONERY 1,08,00,285

27,54,460 peeefnjele / ADVERTISEMENT EXPENSES 26,04,2369,05,03,614 Flej Ke®e& / OTHER EXPENSES 10,30,93,36010,39,840 ceeueceÊee J³eJenejeleerue leesìe / LOSS ON SALE OF ASSET 077,05,547 iegbleJeCetkeÀerJejerue De@cee@jìe³ePesMeve / AMORTISATION ON INVESTMENT 80,13,785

0 iegbleJeCetkeÀerJejerue Iemeeje / DEPRECIATION ON INVESTMENT 20,00,0007,87,81,022 yeg[erle keÀpe& efveuexKeve / BAD DEBTS W/OFF:- 21,05,22,140-7,87,81,022 LESS:-REVERSALOFBDDR:-18,48,94,801 2,56,27,3396,00,00,000 mebMeef³ele Je yeg[erle keÀpe& efveOeer / PROVISION FOR BAD & DOUBTFUL DEBTS 10,15,00,000

60,00,000 Glheeefole keÀpee&Jejerue he´eJeOeeve / PROVISION FOR STANDARD ASSETS 39,00,00010,70,00,000 Dee³ekeÀj / INCOME TAX 5,00,00,00020,29,09,869 efveJJeU veHeÀe / NET PROFIT AFTER TAX 20,54,52,246

283,17,19,446 SketÀCe / TOTAL 300,78,26,286


Board of DirectorsShri. M. S. Agharkar, Prof. Shri. V. M. Penkar, Prof. (Dr.) V. D. Kane,


Shri. D. M. Dalvi, Shri. P.J. Joshi, Dr. R. N. Phatak, Sau. M. V. Vaze,



49

31 cee®e& 2019 DeKesj mebHeuesu³ee Je<ee&®es veHeÀe leesìe He$ekeÀPROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 2019

2017-18 (`) GlheVe / INCOME 2018-19 (`)

2,04,01,62,305 keÀpee&Jejerue J³eepe / INTEREST ON LOANS & ADVANCES 2,16,87,88,205

57,81,34,764 iegbleJeCetkeÀerJejerue J³eepe / INTEREST ON INVESTMENT 61,63,05,004

1,33,06,585 keÀefceMeve Je efJeefvece³e / COMMISSION & EXCHANGE 1,27,76,303

68,19,244 uee@keÀj Yee[s / LOCKER RENT 68,71,766

11,55,14,788 Flej pecee / OTHER RECEIPTS 11,16,05,228

0 ceeueceÊee J³eJenejeleerue veHeÀe / PROFIT ON SALE OF ASSETS 1,91,547

83,06,398 efJecee J³eJemee³e GlheVe / INCOME FROM INSURANCE BUSINESS 1,04,68,309

1,46,93,213 keÀpe&jesKes J³eJenejeleerue veHeÀe /PROFIT ON SALE OF INVESTMENT 1,48,30,41770,34,780 efveuexefKele keÀpe& Keel³eebJej kesÀuesueer Jemegueer / AMOUNTS RECOVERED IN DEBTS

WRITTEN OFF1,51,00,744

4,18,32,845 [sHeÀ[& ì@keÌme / DEFERRED TAX 3,45,54,10659,14,524 Dee³ekeÀjmeeþer®eer ceeieerue Je<ee&He³e¥le DeefleefjJeÌle lejleto / INCOME TAX EARLIER

SURPLUS PROVISION REVERSED1,63,34,657

283,17,19,446 SketÀCe / TOTAL 300,78,26,286




50 50

31 cee®e& 2019 DeKesj mebHeuesu³ee Je<ee&®es veHeÀe leesìe JeeìCeer KeelesPROFIT & LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019

2017-18 (`) PARTICULARS 2018-19 (`)Jeee|<ekeÀ meJe&meeOeejCe meYes®³ee cebpegjer®³ee DeOeerve / APPROPRIATIONS Subject to AGM Approval

5,08,00,000 JewOeeefvekeÀ jeKeerJe efveOeer / STATUTORY RESERVE FUND 5,15,00,000

2,03,00,000 meJe&meeOeejCe cegÊeÀ efveOeer / GENERAL FREE RESERVE FUND 2,06,00,00020,00,000 jeä^er³e menkeÀej efMe#eCe efveOeer / NATIONAL CO-OPERATIVE EDUCATION FUND 20,00,000

0 2017-18keÀefjlee efouesuee ueeYeebMe /DIVIDENDPaidfor2017-18 (Refer Notes on Accounts Point No. 1)

8,37,73,300

0 iegbleJeCetkeÀ ®e{-Gleej efveOeer / INVESTMENT FLUCTUATION RESERVE 70,00,000

20,00,000 Oecee&oe³e efveOeer / CHARITY FUND 20,00,000

10,00,000 meYeemeo keÀu³eeCe efveOeer / SHARE HOLDER WELFARE FUND 10,00,000

10,00,000 ceneslmeJe efveOeer / MAHOTSAV FUND 10,00,000

1,80,09,386 keÀce&®eejer meevegie´n efveOeer / EX-GRATIA TO EMPLOYEES 1,10,00,000

7,00,000 efveJe[CetkeÀ efveOeer / ELECTION FUND 7,00,000

10,00,000 Mew#eefCekeÀ efveOeer / EDUCATION FUND 10,00,000

9,56,00,000 mebMeef³ele Je yegef[le keÀpe& efveOeer / BAD & DOUBTFUL DEBTS FUND 2,54,00,000

19,24,09,386 20,69,73,3008,40,86,561 leeUsyeboele Jeie& kesÀuesuee veHeÀe / NET PROFIT CARRIED TO BALANCE SHEET 9,25,65,507

27,64,95,947 SketÀCe / TOTAL 29,95,38,807


Board of DirectorsShri. M. S. Agharkar, Prof. Shri. V. M. Penkar, Prof. (Dr.) V. D. Kane,


Shri. D. M. Dalvi, Shri. P.J. Joshi, Dr. R. N. Phatak, Sau. M. V. Vaze,



51

31 cee®e& 2019 DeKesj mebHeuesu³ee Je<ee&®es veHeÀe leesìe JeeìCeer KeelesPROFIT & LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 2019

2017-18 (`) PARTICULARS 2018-19 (`)20,29,09,869 ceeieerue Je<ee&®ee veHeÀe / PROFIT BROUGHT FORWARD 20,54,52,246

83,40,000 iegbleJeCetkeÀ JeOe Ieì Keeleer Demeuesueer DeefleefjÊeÀ lejleto / TRANSFER FROM INVESTMENT FLUCTUATION FUND

0

0 meJe& meeOeejCe cegÊeÀ efveOeerletve Jeie& keÀjC³eele Deeuesueer jkeÌkeÀce / TRANSFER FROM GENERAL FREE RESERVE FUND

1,00,00,000

6,50,00,000 Fceejle efveOeerlegve Jeie& keÀjC³eele Deeuesueer jkeÌkeÀce /TRANSFER FROM BUILDING FUND

0

27,62,49,869 21,54,52,24677,891 ceeieerue Je<ee&®eer efMeuuekeÀ / PREVIOUS YEAR SURPLUS BALANCE 8,40,86,561

1,68,187 ueeYeebMeeceOeerue peeoe lejleto / Add:EXCESS DIVIDEND PROVISION REVERSED

0

27,64,95,947 SketÀCe / TOTAL 29,95,38,807




52 52

THE KALYAN JANATA SAHAKARI BANK LTD. (MULTI STATE SCHEDULED BANK)Signficant Accounting Policies and Notes Forming Part of Accounts

For the year ended 31st March, 2019Principle Accounting Policies1. General:

1.1 Basis of Preparation TheaccompanyingfinancialstatementsarepreparedbyfollowingtheGoingConcernconcept

on historical cost convention under accrual system of accounting, unless otherwise stated and conform in all material aspects Generally Accepted Accounting Principles (GAAP) in India, which comprise applicable statutory provisions, guidelines of Reserve Bank of India (RBI), Banking Regulation Act 1949 to the extent applicable,& Multi State Co-operative Societies Act,2002, Multi State Co-op Societies Act Rules 2002,accounting standards issued by the Institute of Chartered Accountants of India (ICAI), and generally accepted accounting practices prevalent within the Banking industry in India.The accounting policies adopted in the current yearareconsistentwiththoseofpreviousyearexceptotherwisespecified.

1.2 Use of Estimates The preparation of financial statements requires themanagement tomake estimates and

assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities)asofthedateofthefinancialstatementsandthereportedincomeandexpensesduring the reporting period. Management believes that the estimates used in the preparation ofthefinancialstatementsareprudentandreasonable.Futureresultscoulddifferfromtheseestimates. Any revision to the accounting estimates is recognized prospectively in the current and future periods.

2. Investments:2.1 InvestmentsareclassifiedintoThreecategoriesviz.HeldtoMaturity,AvailableforSaleandHeld

for Trading as per RBI guidelines applicable to Urban Co-operative Banks on the following basis.a) “Held to Maturity” (HTM) comprising investments acquired with the intention to hold them

till maturity.b) “Held for Trading” (HFT) comprising investments acquired with the intention to trade

within 90 day of its acquisition.c) “Available for Sale” (AFS) comprising investments not covered by (a) & (b) above i.e.

those which are acquired neither for trading purposes nor for being held till maturity. However, for disclosure in Balance Sheet, investments are grouped under five heads as

required by RBI guidelines.i) Government Securitiesii) Other Approved Securitiesiii) Sharesiv) Bonds of PSUv) Others

2.2 Investmentsclassifiedas‘HeldtoMaturity(HTM)”arecarriedatacquisitioncostunlessitismore than the face value, in which case the premium is amortised over the residual period of the said investments on pro rata basis.

53

2.3 Investments under ‘Held for Trading (HFT)’ category are marked to market scrip-wise on the monthly basis as per guidelines issued by Reserve Bank of India. While net depreciation, if any,undereachclassificationisprovidedforand,netappreciation,ifany,isignored.

2.4 Investments under ‘Available for Sale’ category are marked to market scrip-wise on quarterly basis as per guidelines issued by Reserve Bank of India. While net depreciation, if any, under eachclassificationisprovidedfor,netappreciation,ifany,isignored.

2.5 Market value of securities is determined in terms of SGL account transactions, prices declared by Fixed Income Money Market & Derivatives Association of India (FIMMDA) / Financial Benchmark India Pvt Ltd (FBIL). Investments for which such rates/quotes are not available are valued as per norms laid down by RBI which are as under.a) Central / State Govt. Securities: Prices / Yield to maturity rates put out by the FIMMDA/

FBIL.b) PSU bonds : at Yield to Maturity ratec) Treasury bills : at carrying costd) Other approved securities : by applying Yield to maturity ratee) Units of Mutual Funds : Lower of Cost or NAV as provided by respective Mutual Fundf) Shares of Co-operative Societies in respect of Ownership Premises: Rs.1/- per society

incasewherefinancialpositionisnotavailable.g) Shares in other Co-operative societies (State Co-operative Banks & District Central Co-

operative Banks ): Face Valueh) Investments in Security Receipts issued by Asset Reconstruction Companies (ARCs)

are valued at Net Asset Value as provided by the Asset Reconstruction Company.2.6 Investments are transferred from “Available for Sale” category to “Held to Maturity” & from

“Held for Trading” category to “Available for Sale as per guidelines of RBI and appropriate depreciation in values, if any , is provided by the Bank. The securities in Available for Sale &HeldforTradingcategoryaremarkedtomarketbydebitingProfit&LossA/candcreatingrequired Investment Depreciation Reserve.

2.7 Securities transactions under the Liquidity Adjustment Facility (LAF) under Repo/ Reverse repo are treated as outright sales/purchases and the entries are reversed on the date(s) of maturity. Costs and revenues are accounted as interest expenditure/income, as the case may be.

2.8 RBIhaspermittedtoinvestunitsofDebtMutualFundsandMoneyMarketMutualFunds.Thebank invested in Units of leading Debt Mutual Funds and Money Market Mutual Funds.

2.9 ThebanklentfundsunderCBLOofCCILuptoNovember’18andsubsequentlyfundswerelentthrough TREPS platform of CCIL and the same is treated as SLR as per extant RBI guidelines.

2.10 Purchases and sales of SLR and Non SLR securities are recorded and recognized on the basis of ‘settlement’ date.

2.11 Investmentsareclassifiedasperformingandnon-performing,basedontheguidelinesissuedby the RBI. In respect of Non-Performing Investments (NPI), income is recognized on cash basis, and provision is made for depreciation/diminution in the value of such securities as per RBI guidelines.

54 54

2.12ProfitonSaleof Investments includesprofit in respectof investmentsunderHTMcategorysold/ redeemed and an amount equivalent to net of Tax and Statutory Reserve is appropriated to Investment Fluctuation Reserve by way of appropriation.

3. Advances:3.1 Advances are classified into Standard, Sub-standard, Doubtful or Loss assets as per criteria

stipulated by RBI.3.2 Provisionsonadvancesareclassified intoStandard,Sub-standard,DoubtfulorLossassetsare

made in accordance with RBI guidelines issued from time to time. A general provision on Standard Assets is made in accordance with RBI guidelines issued from time to time.

3.3 RecoveryoutofNon-PerformingAssetsAccountsisfirstadjustedagainstinterestandthereaftertheprincipalexcepttheAwardedaccountswheretherecoveryisfirstadjustedtowardsprincipalamountoutstanding.

3.4 AmountsrecoveredagainstAdvanceswrittenoffinearlieryears,arerecognizedasrevenue.3.5 Overdue Interest Reserve represents un-serviced interest of NPAs which are correspondingly shown

under interest receivable on NPA. However, interest on awarded cases is not accounted for w.e.f. 01.04.2003.

3.6 In case of restructured / rescheduled assets, provisions are made in accordance with the guidelines issuedbytheRBI,whichrequirethatthedifferencebetweenthefairvalueoftheloans/advancesbefore and after restructuring is provided for, in addition to provision for the respective loans / advances.

4. Property, Plant & Equipment :4.1 Property, Plant & Equipment are carried at historical cost less depreciation accumulated thereon in

accordance with Accounting Standard issued by Institute of Chartered Accountants of India. The cost of the assets represents the book value as on 01.04.2006 and subsequent additions and deletions are considered therein. Cost includes incidental expenses incurred on acquisition of assets.

4.2 The rates of depreciation and method of charging depreciation are as under:

Sr. No.

Description of Fixed Assets Method of charging depreciation

Depreciation

1 Computers Straight Line Basis 33.33%2 OfficeRenovation Straight Line Basis 10.00%3 Air Conditioner Written Down Value 25.00%4 Electrical Equipment Written Down Value 15.00%5 Electrical Fittings Written Down Value 15.00%6 OfficeEquipments Written Down Value 25.00%7 Generator Written Down Value 25.00%8 Furniture & Fixtures Written Down Value 15.00%9 Note Counting Machine Written Down Value 20.00%10 Tokens and Safe Written Down Value 5.00%11 Locker & Strong Room Door Written Down Value 5.00%12 Building Written Down Value 2.50% 13 Vehicle Written Down Value 25.00%

55

4.3 In respect of assets acquired during the year, depreciation is charged on proportionate basis for the number of days the assets have been put to use during the year.

4.4 As per RBI guidelines vide circular dated 09.01.2007, the Urban Co-Op Banks are permitted to revalue theirfixedAssets.Asrequiredbythiscircular,theBankhaspreparedthepolicyforrevaluationoffixedasset.

4.5 The fixed asset block – Computers include intangible fixed assets in the nature of ComputerSoftware, which are amortised over a period of three years on SLM basis, similar to the rate and methodofdepreciationchargedforfixedassetblock–Computers.

5. Reserve Fund & Other Reserves : Dividend remaining unclaimed over three years, Entrance Fees & Nominal membership fees are

transferred to Statutory Reserve Fund.6. Employee Benefit Long Term Employee Benefits: Defined Benefits Plan:

a) Provident Fund: All eligible employees are entitled to receive benefits under the Provident Fund scheme.

Retirementbenefit in the formofProvidentFund isadefinedcontributionschemeand thecontributionischargedtotheProfitandLossAccountoftheyearwhenthecontributiontotherespective funds are due and paid.

b) Gratuity: The bank is having Employee’s Gratuity Fund managed by Life Insurance Corporation of India

& Kotak Mahindra Old Mutual Life Insurance Ltd. The total liability on account of gratuity as on 31st March 2019 is Rs.1321.72 lacs as per Gratuity Report provided by Kotak Mahindra Old Mutual Life Insurance Ltd. Out of said liability the bank had already funded Rs.1319.03 lacsincludingCurrentfinancialyearpaymentofRs.74lacsasadvisedbyKotakMahindraOldMutual Life Insurance Ltd. Bank has made provision of Rs. 2.69 lacs.

c. Leave Encashment: The bank is having Leave Encashment Funds managed by Life Insurance Corporation of

India & Kotak Mahindra Old Mutual Life Insurance Ltd. Leave Encashment is accounted for on accrualbasis.ThebankhaspaidcontributionofRs.24.50lakhsforleaveencashmentbenefitbased on the report given by Kotak Mahindra Old Mutual Life Insurance Ltd.in accordance withtheAccountingStandard–15(Revised)“EmployeeBenefits” issuedbytheInstituteofChartered Accountants of India.

7. Revenue Recognition: 7.1 Items of Income & Expenditure are generally accounted on accrual basis except the following

items which are accounted on cash basis. Income

a) Interest on Non Performing Assets is recognized as income in pursuance with the guidelines issued by the Reserve Bank of India.

56 56

b) Interest on application money on investmentsc) Discount / Interest on bills, LCs and commission of BG.d) Locker rent

7.2 Profit/lossonsaleofinvestmentsiscredited/debitedto“Profit/LossonSaleofInvestments”.However,profitonsaleof investmentsunderHeldtoMaturitycategoryisappropriated(netof applicable taxes and amount required to transferred to Statutory Reserves) to Investment Fluctuation Reserve.

7.3 Income (other than interest) on investments in “Held to Maturity (HTM)” category acquired at a discount to the face value is recognised as follows:a. On Interest bearing securities, it is recognised only at the time of sale/ redemption.b. On zero-coupon securities, it is accounted for over the balance tenor of the security on a

constant yield basis.7.4 Dividend is accounted on an accrual basis where the right to receive the dividend is established.7.5 Income on Units of Mutual Funds as recognised on cash basis as per the guidelines issued by

Reserve Bank of India.8. Accounting for Merger: PursuanttoorderoftheCommissionerofCo-operationMaharashtraStatedated27.08.2009and

NoObjectionCertificate(NOC)ofReserveBankofIndiadated25.08.2009,TheSataraMerchantsCo-op Bank Ltd, a co-operative bank, was merged into The Kalyan Janata Sahakari Bank Ltd with effect from3rdOctober2009 inaccordancewiththeSchemesosanctioned.TheSchemewas,accordingly,giveneffecttointheaccounts.

The Share Capital of the erstwhile shareholders of The Satara Merchants Co-op Bank Ltd is credited to a separate ‘Collection Account’. At the end of ten years, the share capital of the shareholders of the erstwhile The Satara Merchants Co-op Bank Ltd.will be refunded on

pro-rata basis only after the Cost of Acquisition i.e. the loss is completely recovered.9. Income Tax :

a) Taxes on Income :- Income Tax is provided for in accordance with the applicable provisions of the Income Tax Act,

1961 and Rules framed there under.b) Deferred Tax :- TheBankhascalculatedDeferredTaxeswhichresultfromtheTimingdifferencebetweenthe

BookProfitsandTaxProfits.DeferredTaxAsset isrecognizedonlytotheextentthatthereis reasonablecertaintybaseduponmanagement’s judgmentas towhethersufficient futuretaxable income will be available against which such deferred tax asset can be reassessed and recognized to the extent that it has become reasonably certain that future taxable income will be available against which such deferred tax asset can be realized.

10. Impairment of Assets: Fixed Assets are reviewed for impairment whenever events or changes in circumstances warrant

that the carrying amount of an asset may not be recoverable.

57

Recoverability of assets to be held and used is measured by a comparison of the carrying amount of anassettofuturenetdiscountedcashflowsexpectedtobegeneratedbytheasset.Ifsuchassetsare considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset.

11. Accounting for Provisions, Contingent Liabilities and Contingent Assets In conformity with AS 29, “Provisions, Contingent Liabilities and Contingent Assets”, issued by the

Institute of Chartered Accountants of India, the Bank recognizes provisions only when it has a present obligationasaresultofapastevent,itisprobablethatanoutflowofresourcesembodyingeconomicbenefitswillberequiredtosettletheobligation,andwhenareliableestimateoftheamountoftheobligation can be made.

A disclosure of contingent liability is made when there isa) Apossibleobligationarisingfromapastevent, theexistenceofwhichwillbeconfirmedby

occurrence or non-occurrence of one or more uncertain events not within the control of the Bank, or

b) A present obligation arising from a past event which is not recognized as it is not probable that theoutflowofresourceswillberequiredtosettletheobligationorareliableestimateoftheamount of obligation can not be made.

When there isapossibleorpresentobligation in respectofwhich the likelihoodoutflowof

resources is removed no provision or disclosure is made. Contingentassetsarenotrecognizedinthefinancialassets.Howevercontingentassetsare

assessed continuously.c) Guarantees given on behalf of constituents, acceptances, endorsements and other obligations As a part of its commercial Banking activities, the Bank issues documentary credits and

guarantees on behalf of its customers. Documentary credits enhance the credit standing of the customers of the Bank. Guarantees generally represent irrevocable assurances that the Bankwillmakepaymentintheeventofthecustomerfailingtofulfillitsfinancialorperformanceobligations.

12. Investment Fluctuation Reserve (IFR) The bank maintains Investment Fluctuation Reserve (IFR) on AFS and HFT Investment Portfolio as

per the extant RBI guidelines. 13. Accounting of Goods & services Tax:- The eligible GST input credit, is accounted for in the books in the period in which the underlying

service or goods received are accounted and when there is reasonable certainty in availing / utilising the credits.

58 58

NOTES ON ACCOUNTS1. APPROPRIATION OF PROFIT TheBankhasgiveneffectforfollowingappropriationofprofitfortheyearended31stMarch2019inthefinancialStatements,subjecttoapprovaloftheshareholdersattheAGM.

Statement of Appropriations 31.03.2019

Rs. in lacsParticulars 31.03.2019 31.03.2018

Net Profit for the year ended March 31,2019 2054.52 2029.10Add:- Transfer from Investment Fluctuation Reserve 0.00 83.40Transfer from General Free Reserve Fund 100.00 0Transfer from Building Fund 0.00 650.00Previous Year Surplus 840.87 0.78Surplus Dividend Provision Transferred 0.00 1.68TOTAL 2995.39 2764.96Statutory Reserve Fund 515.00 508.00General Free Reserve Fund 206.00 203.00Co-operative Education Fund 20.00 20.00Investment Fluctuation Reserve 70.00 0.00Dividend Paid 837.73 0.00Charity Fund 20.00 20.00Shareholders Welfare Fund 10.00 10.00Mahotsav Fund 10.00 10.00Ex-Gratia to Employees 110.00 180.09Election Fund 7.00 7.00Education Fund 10.00 10.00Bad & Doubtful Debts Fund 254.00 956.00Balance Carried to Balance Sheet 925.66 840.87TOTAL 2995.39 2764.96 *IntermsofprovisionsofAS-4issuedbyICAI,effectivefromtheaccountingperiodcommencing

on 1stApril 2017 onwards, dividend which is subject to approval by the Shareholders at the Annual General Meeting has not been included as a liability in these statements. Accordingly , theBankhasnotreflectedtheproposeddividendtoshareholdersofRs.925.00lacsasaliabilityforthefinancialyear2018-19,butthesaidamountisretainedintheProfitandLossAccount.

2. Long Term (Subordinated) Deposits The bank received approval from Reserve Bank of India and Registrar of Co-operative Societies,

MaharashtraonMarch18,2016,andMarch23,2016respectively,forissuanceofLongTerm

59

(Subordinated)DepositsandthebankraisedLongTerm(Subordinated)DepositsofRs.49.48crores, for a period of six years till FY: 2016-17. The bank received approval from Registrar of Co-operative Societies, Maharashtra on March 15, 2017, for issuance of Long Term (Subordinated) Depositsandduringthecurrentfinancialyear,thebankraisedLongTerm(Subordinated)DepositsamountingtoRs.3.46croresforaperiodoffiveyears.

3. DETAILS OF FINANCIAL ASSETS SOLD DURING THE YEAR TO SC/ RC FOR ASSET RECONSTRUCTION:-

Rs. in lacsParticulars 31.03.2019 31.03.2018a. Number of Borrowers 26 7b. Aggregate Value (Net Provisions ) of accounts sold to SC/ RC

6459.03 3842.10

c. Aggregate Consideration 6206.00 4015.00d. Aggregate gain / (loss) over net book value -253.03 172.90e. Additional Consideration realized in respect of accounts transferred in earlier years

0.00 0.00

4. AS - 5 :- PRIOR PERIOD ITEMS Priorperiod incomecredited toProfit&Lossaccount isNILagainstpreviousyearNIL.Prior

periodexpensesdebitedtoProfit&LossAccountisNILagainstpreviousyearNIL.5. EMPLOYEE BENEFITS (AS-15) (REVISED)

i. Defined Contribution Schemes Bank’s employees are covered by Provident Fund to which the Bank makes a defined

contributionmeasuredasafixedpercentageofbasic salary.During theyearanamountofRs.181.29lacs(P.Y.Rs.170.99Lacs)hasbeenchargedtoProfitandLossaccountanddeposited with the Commissioner of Provident Fund, Thane.

ii. Defined Benefit Schemes The Bank makes contributions for the gratuity liability of the employees, to the ‘The Kalyan

JanataSahakariBankEmployeesGroupGratuityTrust’.ThepresentvalueofthesedefinedbenefitobligationsandtherelatedcurrentservicecostaremeasuredusingtheProjectedUnit Credit Method (PUCM) with actuarial valuation being carried out at each balance sheet date.

The following table setsout the statusof thedefinedbenefit schemesand theamountsrecognisedintheBank’sfinancialstatementsasatMarch31,2019whichisasperAS-15(R).

60 60

Rs. In LacsParticulars As at

31st March 2019As at 31st March 20218

Change in benefit obligations:Projectedbenefitobligation,beginningoftheyear

1213.91 1040.39

Interest cost 95.29 77.83Current Service cost 130.00 120.00Benefitspaid (69.48) (74.31)Actuarial gain / (loss) (48.00) 50.00Projectedbenefit/obligation,endoftheyear 1321.72 1213.91Change in plan assets:Fair value of plan assets, beginning of the year 1170.00 1047.38Expected return on plan assets 93.60 83.79Employer's contributions 122.91 135.00Benefitspaid (69.48) (74.31)Actuarial gain / (loss) 2.00 (21.8)Fair value of plan assets at the end of the year 1319.03 1170.00The amount to be recognized in the Balance sheet and Profit and Loss account.Present value of obligations as at the end of year

1321.72 1213.91

Fair value of plan assets as at the end of the year

1319.03 1170.00

Non funded status 2.69 43.91Net asset/(liability) recognized in balance sheet (2.69) (43.91)Assumptions used in accounting: Discount rate 7.79% 7.85%Salary escalation rate 3.00% 3.00%Withdrawal rate 1% to 3% 1% to 3%

The expected return on plan assets is determined considering several applicable factors mainly the composition of the plan assets held, assessed risk of assets management, historical results of the return on plan assets and the policy for plan assets management.iii. Leave Encashment Employees of the Bank are entitled to accumulate their earned/ privilege leave upto a maximum of 240 days. A maximum of 30 days leave is eligible for encashment in each year. Leave Encashment is accounted for on accrual basis. The total liability on account of leave encashment as on 31st March 2019 is Rs. 521.57 lacs as advised by Kotak Mahindra Old Mutual Life Insurance Ltd. in accordance

61

withtheAccountingStandard–15(Revised)“EmployeeBenefits”issuedbytheInstituteofCharteredAccountants of India which has been already funded by the bank6. AS – 17 SEGMENT REPORTINGTheBank’s operations are solely in financial services and consist of providing Banking servicesincluding commercial lending activities, treasury operations, etc. The Bank has adopted the following business segments:i) Treasuryii) Other Banking Operations

Rs. in Lacs Particulars Treasury Other Banking Operation Total

31.03.19 31.03.18 31.03.19 31.03.18 31.03.19 31.03.18Revenue 6311.35 5928.28 23256.10 22060.32 29567.45 27988.60Segment Cost 5703.85 5540.03 20409.49 19079.49 26113.34 24619.52Result / Operating Profit

607.50 388.25 2846.61 2980.83 3454.11 3369.08

Less:- Provisions & Contingencies

100.14 77.06 799.45 192.92 899.59 269.98

Profit Before Tax 507.36 311.19 2047.16 2787.91 2554.52 3099.10Income Tax 500.00 1070.00Net Profit After Tax 2054.52 2029.10Other InformationSegment Assets 116270.78 103939.15 214838.95 204966.84 331109.73 308905.99Unallocated Assets 11834.37 8704.87Total Assets 342944.10 317610.86Segment Liabilities 541.12 451.11 322194.81 294133.33 322735.93 294584.44Unallocated Liabilities 20208.17 23026.42Total Liabilities 342944.10 317610.86a) Theabove segments are basedon the currently identified segments taking into account the

nature of services provided, the risks and returns, overall organization structure of the Bank and financialreportingsystem.

b) Businesssegmentsareclassifiedasunder:i) Treasury: Dealing operations in Money Market Instruments, Trading/ Investment in Bonds/

Government Securities. ii) Other Banking Operations: Retail and corporate lending and advances to customers and

related fee based income.c) Segment revenue, results,assetsand liabilities include the respectiveamounts identifiable to

each of the segments and amounts apportioned/ allocated on a reasonable basis.d) Separate information regarding geographical segment is not given as the bank mainly caters to

the needs of Indian customers. 7. AS-18 : RELATED PARTY DISCLOSURESa) The Bank has disclosed the necessary information regarding related parties to the extent

62 62

permissible by Banking Regulation Act 1949 by way of loans given to Directors and their relatives.b) KeyManagementPersonnel-Mr.A.N.Khirwadkar-ChiefExecutiveOfficerandGeneralManager.

The details of transactions with Key Management Personnel are not given in view of the RBI Circular dated 29th March, 2003.

8. AS - 19: LEASESOperating Leases:The Bank has entered into Lease Agreements with various parties. The total of future minimum lease payments under non – cancelable operating leases are as follows.

Rs. in LacsParticulars 31/03/2019 31/03/2018

Not Later than one year 804.64 721.40Laterthanoneyearbutnotlaterthanfiveyears 2964.25 2770.92Laterthanfiveyears 12611.38 13120.14

9. AS-20: EARNING PER SHARE

ParticularsAmount (In Rs. Lakhs)FY: 2018-19

Amount (In Rs. Lakhs)FY: 2017-18

Netprofitorlossfortheperiodattributabletoequityshareholders

2054.52 2029.10

Weighted average number of equity shares (Daily weighted average)

31780276 28877359

Basic and diluted Earnings Per Share (Rs.) 6.46 7.03Nominal Value per share (Rs.) 25 25

10. AS-22 DEFERRED TAX ASSETSIn compliance with AS-22 `Accounting for Taxes on Income’ issued by the Institute of Chartered Accountants of India, the Bank has recognized Deferred Tax Assets (DTA) and Liabilities (DTL).The major components of Deferred Tax Assets/Liabilities are:

Particulars

Opening Balances (Amount Rupees)

Tax effect difference arising/ (reversing) during the year (Amount Rupees)

Closing Balances (Amount Rupees)

2018-19 2017-18 2018-19 2017-18 2018-19 2017-18Deferred Tax(Liability) / Asset on account ofDepreciation 5566576 -2047151 -1266576 7613727 4300000 5566576Provision for BDDR 34219118 0 35820682 34219118 70039800 34219118Net Deferred Tax Asset/(Liability)

39785694 -2047151 34554106 41832845 74339800 39785694

63

11. AS 28 IMPAIRMENT OF ASSETS The Bank assesses at each Balance Sheet date whether there is any indication that an asset may

beimpairedandprovidesforimpairmentloss,ifany,intheProfitandLossAccount.TheBankhas ascertained that there is no material impairment of any of its assets and as such no provision underAccountingStandard28onImpairmentofAssets(AS-28)issuedbyICAIisrequired.

12. Contingent Liabilities :- a. All letters of credit / guarantees are sanctioned to customers with approved credit limits in

place. The liability thereon is dependent, on terms of contractual obligations, devolvement raising demand by concerned parties and the amount being called up. These amounts are collateralized by margins, counter-guarantees and secured charges. The said letters of credit / guarantees include letters of credit / guarantees obtained through other scheduled commercialbanksunderLineofCreditamountingtoRs.2798.45lakhsandRs.714.26lakhs(PY:Rs.508.33lakhsandRs.453.17lakhs)respectively.

The quantum of contingent liabilities in respect of Bank guarantees, Letters of credit, Forward contracts etc. as follows:

ParticularsAmount (In Rs. Lakhs)FY: 2018-19

Amount (In Rs. Lakhs)FY: 2017-18

Bank Guarantees 5966.74 4331.09 Letter of Credit 2918.96 567.81 Total 8885.70 4898.90

b. Claims against the Bank not acknowledged as debts: Claims against the Bank not acknowledged as debt include proceedings pending with

Income Tax and Service Tax authorities. The Bank has reviewed all its pending litigations and proceedings and has adequately provided for where provisions are required and disclosed the contingentliabilitieswhereapplicable,initsfinancialstatements.TheManagementbelievesthatthepossibilityofanoutflowofresourcesembodyingeconomicbenefitsinthesecasesis possible but not probable and hence no provision is required in these cases. However, a contingent liability has been disclosed with respect to these cases. Refer note herein below for details on contingent liabilities.i. An amount of Rs. 67.56 lakhs (Previous year: Rs. 56.38 lacs) is outstanding as at March 31, 2019, as claims against the Bank not acknowledged as Debts, being in

the nature of a contingent liability on account of proceedings pending with Income Tax (amounting to Rs. 36.79 lakhs related with AY: 2014-15) and Service Tax authorities

(amountingtoRs.19.59lakhsrelatedtoFY:2011-16&Rs.11.18lacsfromApril2016to June 2017). The Bank does not expect the outcome of these proceedings to have a materialadverseeffectonitsfinancialresults.

ii. The Bank is a party to various proceedings in the normal course of business. Total 9casesfiledbyborrowersagainstbankofwhich1case is forRs.1.27 lacsand forremaining8casesliabilitycouldnotbequantified.Total4casesfiledbyEmployeeUnion& Ex- Employee against bank of which 3 cases are for Rs. 29.30 lacs and in case of remaining1caseliabilitycouldnotbequantified.Total14casesfiledbyothersagainst

64 64

the bank of which 3 cases are for Rs. 172.09 lacs and for remaining 11 cases liability couldnotquantified.TheBankdoesnotexpect theoutcomeof theseproceedingstohaveamaterialadverseeffectontheBank’sfinancialconditions,resultsofoperationsorcashflows.

c. Depositor Education and Awareness Fund (DEAF) The Bank created Depositor Education and Awareness Fund (DEAF) on June 30, 2014 and

has transferred all credit balance mentioned in sub-clause i) to viii) in Clause 3 of DEAF Scheme 2014 maintained with the Bank which have not been in operation for 10 years or more, in terms of Circular issued by Reserve Bank of India, in this regard. Subsequently, Bank is transferring to the said Fund, amount becoming due in each calendar month, which remained unpaidfor10yearsormore,asspecifiedintheschemeandtheinterestaccruedthereonon the last working day of the subsequent month. In case of demand from claimant, whose unclaimed amount / deposit had been transferred to the fund, the Bank repays the claimant, along with interest, if applicable, and lodges a claim for refund from DEAF (maintained with Reserve Bank of India) for an equivalent amount. The details of refund made by the Bank in each calendar month are furnished by the Bank in the prescribed form in the subsequent month. All such unclaimed liabilities (where amount due has been transferred to DEAF) are reflectedas“ContingentLiability–Others,itemsforwhichtheBankiscontingentlyliable”under Schedule of Contingent Liability in the Annual Financial Statements.

The details of the same are as follows: Amount in Crores

Particulars Amount31.03.2019

Amount31.03.2018

Opening Balance of Amounts transferred to DEAF 4.58 2.53Add:- Amounts Transferred to DEAF During the year 1.18 2.11Less :- Amounts Reimbursed by DEAF Towards claims 0.09 0.06Closing Balance of Amounts Transferred to DEAF 5.67 4.58

13. Bad Debts:Duringtheyear,theBankhasprudentiallywrittenoffprincipaloutstandingamountofRs.408.92lacs(P.Y.Rs.89.74lacs)towardsBad&DoubtfulLoanA/csbydebitingthesametotheProfit&LossA/c.Provisiontotheextentof100%ofthesewrittenoffaccountshasalreadybeenmadeandearmarkedbytheBank.ThisprudentialwriteoffisdoneonlyaftercertificationreceivedfromthepresentStatutoryAuditor. Further, it is not in the nature of waiver or concession given to any of the borrower and done after keeping all the rights of recovery intact and enforceable. During the year the Bank has sold Assets to ARC’s (Asset Reconstruction Companies) after following the guidelines issued by RBI from time to time. As per the said guidelines, the Net Book value (i.e. Principal amount Outstanding less Provision made against Principal Outstanding) is calculated in respectofAssetssoldtoARC’s.ThedifferencebetweenthePrincipalamountoutstandingandtheBidamountacceptedisdebitedtoProfit&LossAccountandamountofprovisionforBDDRmade(tillthedateofSaleofAssetstoARC’s),againstprincipalamountoutstanding,iscreditedbacktoProfit& Loss Account. In case, Bid amount accepted is more than the Net Book Value (NBV) the excess amount of Bid amount accepted over the Net Book Value, in proportion of cash receipt portion to the

65

Bidamountaccepted,iscreditedtoProfit&LossAccount.Duringtheyear,anamountofRs.1696.30LakhsisdebitedtoProfit&LossAccountundertheheadBadDebtswrittenoff(beingthedifferencebetween the Principal amount outstanding & the Bid amount accepted) on account of Assets sold to ARC’s, for the purpose of closure of the said Advance Accounts. Correspondingly, the amount of provision for BDDR made in respect of the said accounts amounting to Rs.1440.03 lakhs, till the date ofsaleofassets,iscreditedbacktotheProfit&LossA/c.14. Non Banking Assets:-The Non-Banking Assets (NBAs) acquired in satisfaction of claim are carried at lower of net realisable valueandgrossclaiminclusiveofinterestreceivablewithoutnettingoffofBDDR.DuringtheyearBank has acquired Non Banking Assets of Rs. 2542.02 lacs (Previous year NIL ) in satisfaction of claims.15. Capital CommitmentEstimated amount of contracts remaining to be executed on capital account and not provided for (net of advances) – Rs.10.56 lacs (Previous Year Rs.46.56 lacs). The Capital commitment is towards maintenance / repairs of building (Rs.1.15 lacs) and purchase of Hardware & software (Rs. 9.41 lacs). 16. Revaluation Reserve Rs. In Lacs

Original Cost Book Value Market Value Revaluation Reserve

Land & Building 1412.81 1024.25 5311.55 4287.30

17. The previous year’s figures have been regrouped and reclassified, wherever possible and necessary to make the same comparable with the figures of the current year.

FOR THE KALYAN JANATA SAHAKARI BANK LTD

ADV. S. W. PATWARDHAN M. R. PATIL M. S. AGHARKAR A. N. KHIRWADKAR CHAIRMAN VICE CHAIRMAN DIRECTOR CHIEF EXECUTIVE OFFICER

AS PER OUR REPORT OF EVEN DATE ATTACHED

For Kirtane & Pandit LLP Chartered Accountants

Firm Reg. No. 105215W / W100057

(CA Sandeep D. Welling)Partner

(M.No. 044576)Statutory Auditors

Place :- KalyanDate:- 17.05.2019

66 66

BALANCE SHEET OF THE BANK – DISCLOSURE OF INFORMATION (Rs. In Lacs)Sr. No. Particulars 31.03.2019 31.03.20181 Movement of CRAR

a Capital Tier I 19171.32 15316.61b Capital Tier II 6197.40 7186.77c Total of Tier I and Tier II Capital 25368.72 22503.38d Total Risk Weighted Assets 203639.36 185081.29e Capital to Risk Assets Ratio 12.46% 12.16%

2 Investmentsa Book Value 74102.83 65655.96b Face Value 74434.01 65520.10c Market Value 73029.17 63428.38

3 Advances Againsta Real Estate 86.91 95.93b Construction Business 18106.58 15645.36c Housing 23495.53 22958.93

4 Advances against Shares & Debentures NIL NIL5 Advances to Directors, their relatives, companies

firms in which they are interesteda Fund-based (Advance against Fixed Deposit) i Outstanding at the beginning of the year 1.82 0.00ii Disbursement during the year 11.56 1.82iii Recovery during the year 6.92 0.00iv Outstanding at the end of the year 6.46 1.82b Non-fund based (Guarantees, L/Cs etc.) 0.00 0.00

6 Average Cost of Deposits 6.25% 6.38%7 NPAs

a Gross NPAs 3.67% 5.71%b NetNPAs* 2.05% 3.77%

*SubjecttoApprovalofAppropriationsatAGM8 Movement of NPAs Opening Balance 11579.89 7754.35 Add:- Additions during the year 3818.04 5750.12 Total 15397.93 13504.47 Less:- Recovered 6430.99 1592.04 Up gradation 739.94 242.80 Writeoff 408.92 89.74 Total 7579.85 1924.58 Closing Balance 7818.08 11579.89

67

Sr. No. Particulars 31.03.2019 31.03.20189 Profitability

a Interest income as a percentage of working funds 8.28 8.42b Non-Interest income as a percentage of working funds 0.51 0.53c Operatingprofitasapercentageofworkingfunds 1.03 1.08d Return of Assets 0.61 0.65e Business (Deposits + Advances) per employee 984.03 906.49f Operatingprofitperemployee 6.57 6.31

10 Movement in Provisions A. Towards NPA

Opening Balance 4089.19 3321.00 Add:- Additions During The Year 1015.00 600.00 Add:-AmountAppropriatedthroughProfit* 254.00 956.00 Less:-ReductionDuringTheYear(WriteOff&Saleof

Asset to ARC) 1848.95 787.81

Closing Balance 3509.24 4089.19* Subject to Approval of Appropriations at AGM

B. Towards Depreciation on Investment Opening Balance 0.00 0.00 Add:- Additions During The year 20.00 0.00 Less:- Reduction During The Year 0.00 0.00 Closing Balance 20.00 0.00 C. Standard Assets

Opening Balance 840.00 780.00 Add:- Additions During The year 39.00 60.00 Less:- Reduction During The Year 0.00 0.00 Closing Balance 879.00 840.00

11 Foreign Currency Assets & Liabilities NA NA12 Penalty imposed by RBI for any violation NIL NIL13 DICGC Premium paid up to Mar-19 Sep-18

68 68

14.(I) - Issuer composition of Non SLR Investments as on 31/03/2019 (Rs. In crores)No Issuer Amount Extent of Below

Investment grade Securities already Invested

Extent of unrated Securities already Invested

Extend of unlisted' securities already Invested

1. 2 3 4 5 61. PSUs 0.00 0.00 0.00 0.002. FIs 5.00 0.00 0.00 0.003. Nationalised Banks 0.00 0.00 0.00 0.004. Others 92.28 0.00 0.00 0.005. Provision Held towards

depreciation0.00 0.00 0.00 0.00

Total 97.28 0.00 0.00 0.00

Note: 1) Amounts reported under columns 4, 5 & 6 above are mutually exclusive and hence may not match with column no. 3

14.(II) - Non performing Non-SLR Investments (Rs. In crores)

Particulars AmountsOpening Balance 0.35Additions during the year since 1'st April 0.00Reduction during the above period 0.00Closing Balance 0.35Total Provision Held 0.35

15. A) SECURITIES SOLD / PURCHASED UNDER REPOS (Rs. In Crore)

Particulars

Minimum outstanding

During the year

MaximumoutstandingDuring the

year

Daily AverageOutstandingDuring the

year

As on31.03.2019

Securities Sold Under Repos

NIL NIL NIL NIL

Securities Purchased under reverse Repos

NIL NIL NIL NIL

69

15. B) SECURITIES SOLD / PURCHASED UNDER REPOS UNDER LAF (Rs. In Crore)

ParticularsMinimum

outstandingDuring the year

Maximumoutstanding

During the year

Daily AverageOutstanding

During the year

As on31.03.2019

Securities Sold Under Repos NIL NIL NIL NILSecurities Purchased under reverse Repos (Under LAF to RBI)

4.00 215.00 39.79 64.00

16. RESTRUCTURED ADVANCES (Rs. In Lacs)

Housing Loans

SME Debt Restructuring

Others MSMEResturucturing

RBI Circular01.01.2019*

Standard advances restructured

No. of Borrower NIL NIL 1 1Amount Outstanding NIL NIL 578.34 294.78Sacrifice(diminutioninthefairvalue) NIL NIL 0.00 0.00

Sub Standard advances restructured

No. of Borrower NIL NIL 0.00 0.00Amount Outstanding NIL NIL 0.00 0.00Sacrifice(diminutioninthefairvalue) NIL NIL 0.00 0.00

Doubtful advances restructured

No. of Borrower NIL NIL 1 0.00Amount Outstanding NIL NIL 24.19 0.00Sacrifice(diminutioninthefairvalue) NIL NIL 0.00 0.00

TotalNo. of Borrower NIL NIL 2 1Amount Outstanding NIL NIL 602.53 294.78Sacrifice(diminution in the fair value) NIL NIL 0.00 0.00

*5%additionalprovisionismadeasperRBIcircularNo.RBI/2018-19/100DBRNo.BP.BC.18/21.04.048/2018-19dated 01.01.2019

17. REVALUATION RESERVE(Rs. In Lacs)

Original Cost Book Value Market Value Revaluation ReserveLand & Building 1412.81 1024.25 5311.55 4287.30

For Kirtane & Pandit LLP FOR THE KALYAN JANATA SAHAKARI BANK LTDChartered Accountants ADV. S. W. PATWARDHAN A. N. KHIRWADKARFirm Reg. No. 105215W / W100057 CHAIRMAN CHIEF EXECUTIVE OFFICER (CA Sandeep D. Welling)Partner(M.No. 044576)Statutory AuditorsPlace :- KalyanDate:- 17.05.2019

70 70

CASH FLOW FOR THE YEAR ENDED 31 ST MARCH, 2019 (Rs. in Lacs)

31/03/2019 31/03/2019 31/03/2018 31/03/2018OPERATING ACTIVITY NET PROFIT AS PER PROFIT AND LOSS A/C 2054.52 2029.10ADD: ADJUSTMENT FOR PROVISION FOR INCOME TAX 500.00 1070.00PROVISION FOR DOUBTFUL DEBTS 1054.00 660.00DEPRECIATION ON INVESTMENT 20.00 0.00AMORTISATION OF SECURITY 80.14 77.06DEPRECIATION ON FIXED ASSETS 559.97 633.13LOSS ON SALE OF ASSETS 0.00 10.40BAD DEBTS WRITTEN OFF 256.27 0.00

2470.38 2450.59LESS : PROFIT ON SALE OF ASSETS 1.92 0.00PROFIT ON SALE OF INVESTMENTS 148.30 146.93 INCOME TAX EARLIER SURPLUS PROVISION REVERSED

163.35 59.15

DEFERRED TAX 345.54 418.33659.11 624.41

ADJUSTMENTS FOR INCREASE/DECREASE IN RESERVES (31.44) (38.41) INCREASE/DECREASE IN DEPOSITS 22945.06 14161.60 INCREASE/DECREASE IN OTHER LIABILITY

(725.56) (89.12)

INCREASE/DECREASE IN ADVANCE (12693.22) (15872.13) INCREASE/DECREASE IN OTHER ASSETS

(2471.36) (282.42)

INCREASE/DECREASE IN INVESTMENT (6782.84) (9480.79) INCOME TAX PAID (800.00) (559.36) (1140.00) (12741.27) NET CASH GENERATED FROM OPERATING ACTIVITIES

3306.43 (8885.99)

INVESTMENT ACTIVITY INCREASE/(DECREASE) IN FIXED ASSETS

301.29 364.87

SALE OF FIXED ASSETS (7.49) (12.33)

71

NET CASH GENERATED FROM INVESTING ACTIVITIES

293.80 352.54

FINANCIAL ACTIVITY INCREASE IN SHARE CAPITAL 3459.50 611.46INCREASE/(DECREASE) IN BORROWING (38.28) (166.71)DIVIDEND PAID (834.15) (795.44)NET CASH GENERATED FROM FINANCIAL ACTIVITY

2587.07 (350.69)

NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS

5599.70 (9589.22)

CASH IN HAND AT THE BEGINNING OF THE YEAR

2929.15 5966.84

BALANCE WITH BANK AT THE BEGINNING OF YEAR

22315.15 25244.30 28866.68 34833.52

CASH AND CASH EQUIVALENTS AT THE END OF YEAR

30844.00 25244.30

CASH IN HAND AT THE END OF THE YEAR

3151.01 2929.15

BALANCE WITH BANK AT THE END OF YEAR

27692.99 22315.15

TOTAL 30844.00 25244.30

For Kirtane & Pandit LLP FOR THE KALYAN JANATA SAHAKARI BANK LTDChartered Accountants ADV. S. W. PATWARDHAN A. N. KHIRWADKARFirm Reg. No. 105215W / W100057 CHAIRMAN CHIEF EXECUTIVE OFFICER (CA Sandeep D. Welling)Partner(M.No. 044576)Statutory Auditors

Place :- KalyanDate:- 17.05.2019

72 72

Bye

Law

No.

Exis

ting

Bye

Law

Bye-

Law

afte

r am

endm

ent

Rea

son

for

amen

dmen

t3(

B) (x

)D

elet

ion

To p

urch

ase

and

to s

ell B

onds

, Sha

res,

Deb

entu

res,

Sc

rips

or

othe

r fo

rms

of

secu

ritie

s on

be

half

of

constituentsorothers,electronicallyorotherwise;

To b

e de

lete

dTo

con

form

with

th

e gu

idel

ines

is

sued

by

Res

erve

Ban

k of

Indi

a in

this

re

gard

.

3(B)

(xvi

i)D

elet

ion

Toeffect,toinsure,toguarantee,tounderwrite,to

parti

cipa

te in

man

agin

g an

d ca

rryin

g ou

t an

y is

sue,

w

heth

er p

ublic

or

priv

ate,

of

shar

es,

stoc

ks,

bond

s,

debe

ntur

es,

debe

ntur

e st

ocks

or

othe

r lo

ans

of a

ny

Stat

e, M

unic

ipal

Cor

pora

tion,

com

pany

, cor

pora

tion

or

asso

ciat

ion

and

to le

nd m

oney

for t

he p

urpo

se o

f any

suchissue;

To b

e de

lete

d.To

con

form

with

th

e gu

idel

ines

is

sued

by

Res

erve

Ban

k of

Indi

a in

this

re

gard

.

3(B)

(xIii

)Modification

To ta

ke o

r ot

herw

ise

acqu

ire a

nd h

old

shar

es in

any

ot

her s

ocie

ty w

ith li

mite

d lia

bilit

y.To

tak

e or

oth

erw

ise

acqu

ire a

nd h

old

shar

es i

n an

y ot

her

com

pany

or

soci

ety

with

lim

ited

liabi

lity,

if

nece

ssar

y w

ith t

he p

erm

issi

on o

f R

eser

ve B

ank

of

Indi

a /fr

om a

ppro

pria

te a

utho

rity.

To c

onfo

rm w

ith

the

guid

elin

es

issu

ed b

y R

eser

ve B

ank

of In

dia

in th

is

rega

rd.

11

(I)

Modification

Anypersonwhoisth

epartnerofp

artnershipfirmor

directorofcompanyoratrusteeoranofficebearer

of a

nybo

dy c

orpo

rate

(w

here

suc

h Pa

rtner

ship

Firm

, Li

mite

d C

ompa

ny, T

rust

, C

orpo

rate

Bod

y is

a m

embe

r of

the

Bank

) or a

per

son

who

des

ires

to s

tand

sur

ety

for

a bo

rrow

ing

mem

ber

of t

he B

ank

or a

per

son

who

des

ires

to b

orro

w o

ccas

iona

lly a

s pe

rmitt

ed b

y R

BI m

ay b

e en

rolle

d as

a N

omin

al M

embe

r upo

n hi

s ap

plic

atio

n in

the

pres

crib

ed fo

rm a

nd o

n pa

ymen

t of

non-

refu

ndab

le e

ntra

nce

fees

of R

s. 1

00/-

or s

uch

an

amountasmaybefixedbytheBo

ardfromtimetotime

and

upon

his

agr

eein

g to

the

cond

ition

that

he

shal

l ce

ase

to b

e a

Nom

inal

Mem

ber

whe

n co

rresp

ondi

ng

liabi

litie

s ag

ains

t hi

m e

ither

as

a bo

rrow

er o

r as

a

sure

ty a

re fu

lly d

isch

arge

d, p

rovi

ded

that

suc

h pe

rson

is

resi

ding

or i

s ga

infu

lly e

ngag

ed in

any

occ

upat

ion

or

busi

ness

with

in th

e ar

ea o

f ope

ratio

n of

the

Bank

Anypersonwhoisthepartnerofpartnershipfirmor

directorofcompanyora

trusteeoranoffi

cebearer

of a

nybo

dy c

orpo

rate

(whe

re s

uch

Partn

ersh

ip F

irm,

Lim

ited

Com

pany

, Tru

st, C

orpo

rate

Bod

y is a

mem

ber

of th

e Ba

nk) o

r a p

erso

n w

ho d

esire

s to

sta

nd s

uret

y fo

r a

borro

win

g m

embe

r of

the

Ban

k or

a p

erso

n w

ho d

esire

s to

bor

row

occ

asio

nally

as

perm

itted

by

RBI

may

be

enro

lled

as a

Nom

inal

Mem

ber u

pon

his

appl

icat

ion

in th

e pr

escr

ibed

form

and

on

paym

ent o

f no

n-re

fund

able

ent

ranc

e fe

es o

f Rs.

100

/- , e

xclu

ding

ta

xes,

levi

es, i

f app

licab

le, o

r suc

h an

am

ount

as

may

befixedbytheBoardfromtimetotimeandupon

his

agre

eing

to th

e co

nditi

on th

at h

e sh

all c

ease

to

be a

Nom

inal

Mem

ber w

hen

corre

spon

ding

liab

ilitie

s ag

ains

t him

eith

er a

s a

borro

wer

or

as a

sur

ety

are

fully

dis

char

ged,

pro

vide

d th

at s

uch

pers

on is

resi

ding

or

is g

ainf

ully

eng

aged

in a

ny o

ccup

atio

n or

bus

ines

s w

ithin

the

area

of o

pera

tion

of th

e Ba

nk.

GST

if

appl

icab

le, w

hile

ac

cept

ing

fees

fo

r Nom

inal

M

embe

rs.

Hen

ce th

e sa

id

Amen

dmen

t is

prop

osed

73

34 (I

I)Modification

Two

dire

ctor

s to

be

co-o

pted

from

ord

inar

y m

embe

rs

of th

e ba

nk w

ith s

uita

ble

bank

ing

expe

rienc

e of

mid

dle

man

agem

ent i

n an

y ba

nk fo

r a m

inim

um p

erio

d of

10

yearsorhavingrelevantprofessionalqualifications.

For

the

purp

ose

of t

he s

ub-c

laus

e th

e pr

ofes

sion

al

qualificationmeansaCharteredAccountants/IC

WA/

CS/CAIIB/M

BA(Bankingandfin

ance)/Law

Graduate

orFacultyinbankingfieldhavinganexperienceinthe

mid

dle/

sen

ior/

top

leve

l man

agem

ent f

or m

inim

um 1

0 ye

ars.

If th

e el

ecte

d m

embe

rs o

f the

Boa

rd c

onsi

st o

f at

leas

t tw

o di

rect

ors

com

plyi

ng w

ith th

e pr

ovis

ions

of

qualificationprescribedforE

xpertD

irectors,theBo

ard

may

not

co-o

pt e

xper

t dire

ctor

s. In

such

circ

umst

ance

s,

the

min

imum

num

ber o

f dire

ctor

s on

the

Boar

d w

ill be

15

.

Two

dire

ctor

s to

be

co-o

pted

from

ord

inar

y m

embe

rs

of th

e ba

nk w

ith s

uita

ble

bank

ing

expe

rienc

e of

mid

dle

man

agem

ent i

n an

y ba

nk fo

r a m

inim

um p

erio

d of

10

yearsorhavingrelevantprofessionalq

ualifications.

For

the

purp

ose

of t

he s

ub-c

laus

e th

e pr

ofes

sion

al

qualificationmeansapersonwithsuitablebanking

expe

rienc

e (a

t mid

dle/

sen

ior

man

agem

ent l

evel

) or

withprofessionalqualificationinthefieldsofLaw,

accountancy,finance.Ifth

eelectedmem

bersofthe

Boar

d co

nsis

t of a

t lea

st tw

o di

rect

ors

com

plyi

ng w

ith

theprovisionsofqualificationprescribedforExpert

Dire

ctor

s, th

e Bo

ard

may

not

co-

opt e

xper

t dire

ctor

s.

To re

ctify

the

anom

aly

& to

co

nfor

m w

ith th

e gu

idel

ines

issu

ed

by R

eser

ve B

ank

of In

dia

in th

is

rega

rd.

37 (I

)Modification

TheBo

ardofD

irectorsatitsfirstM

eetingafterthe

elec

tion

of th

e Bo

ard

shal

l ele

ct a

Cha

irman

and

Vic

e-C

hairm

an f

rom

am

ongs

t th

e el

ecte

d D

irect

ors.

The

termofofficeoftheChairm

anandVicechairmanshall

be c

o te

rmin

us w

ith th

e te

rm o

f ele

cted

mem

bers

of t

he

boar

d un

less

cha

irman

or v

ice

chai

rman

cea

ses

to b

e a

dire

ctor

ear

lier.

(Thi

s m

eetin

g sh

all b

e pr

esid

ed o

ver

bytheReturningOfficera

ppointedbytheBo

ardorby

appr

opria

te a

utho

rity

unde

r th

e M

SCS

Act.

If th

ere

is

equa

lity

of v

otes

in th

e el

ectio

n of

the

Cha

irman

and

/or

the

Vic

e-C

hairm

an o

f th

e Bo

ard

of t

he D

irect

ors,

th

e de

cisi

on w

ill be

take

n by

dra

win

g lo

t/lot

s.) I

n ca

se

of a

ny v

acan

cy d

urin

g th

e te

nure

of t

he b

oard

, if n

ot

keptvacant,theboardshallfillu

pthevacancythrough

re-e

lect

ion

for

the

unex

pire

d te

rm o

f the

boa

rd, i

f the

un

expi

red

term

is m

ore

than

hal

f of t

he te

nure

of t

he

boar

d.

TheBo

ardofDirectorsatitsfirstM

eetingafterthe

elec

tion

of t

he B

oard

sha

ll el

ect

a C

hairm

an a

nd

Vice

-Cha

irman

from

am

ongs

t the

ele

cted

Dire

ctor

s.

ThetermofofficeoftheChairm

anandVicechairman

shal

l be

co te

rmin

us w

ith th

e te

rm o

f ele

cted

mem

bers

of

the

boa

rd u

nles

s ch

airm

an o

r vi

ce c

hairm

an

ceas

es to

be

a di

rect

or e

arlie

r. (T

his

mee

ting

shal

l be

presidedoverb

ytheReturningOfficera

ppointedby

the

Boar

d or

by

appr

opria

te a

utho

rity

unde

r the

MSC

S Ac

t. If

ther

e is

equ

ality

of v

otes

in th

e el

ectio

n of

the

Cha

irman

and

/or t

he V

ice-

Cha

irman

of t

he B

oard

of

the

Dire

ctor

s, th

e de

cisi

on w

ill be

take

n by

dra

win

g lo

t/lot

s.) I

n ca

se o

f any

vac

ancy

dur

ing

the

tenu

re o

f theboard,ifnotkeptvacant,theboardshallfillu

pthe

vaca

ncy

thro

ugh

re-e

lect

ion

for t

he u

nexp

ired

term

of

the

boar

d.

To re

ctify

an

omal

y &

to b

e in

co

nfor

mity

with

th

e pr

ovis

ions

of

Mul

ti St

ate

Co-

oper

ativ

e So

ciet

ies

Act,

2002

.

47 (I

)Modification

The

Boar

d sh

all c

onst

itute

an

Exec

utiv

e C

omm

ittee

an

d ot

her

com

mitt

ees

or s

ub c

omm

ittee

s as

may

be

cons

ider

ed n

eces

sary

, pro

vide

d th

at o

ther

com

mitt

ees

or

sub

com

mitt

ees,

ot

her

than

th

e Ex

ecut

ive

Com

mitt

ee s

hall n

ot e

xcee

d si

x at

a g

iven

poi

nt o

f tim

e as

per

the

prov

isio

ns o

f the

Act

, Bye

law

s an

d R

ules

. Ea

ch c

omm

ittee

sha

ll co

nsis

t of n

ot m

ore

than

sev

en

mem

bers

.

The

Boar

d sh

all c

onst

itute

an

Exec

utiv

e C

omm

ittee

an

d ot

her

com

mitt

ees

or s

ub c

omm

ittee

s as

may

be

co

nsid

ered

ne

cess

ary,

pr

ovid

ed

that

ot

her

com

mitt

ees

or

sub

com

mitt

ees,

ot

her

than

th

e Ex

ecut

ive

Com

mitt

ee s

hall

not

exce

ed t

hree

at

a gi

ven

poin

t of t

ime

as p

er th

e pr

ovis

ions

of t

he A

ct,

Bye

law

s an

d R

ules

. Eac

h co

mm

ittee

sha

ll co

nsis

t of

not m

ore

than

sev

en m

embe

rs.

To c

ompl

y w

ith

the

prov

isio

ns

of M

ulti

Stat

e C

o-op

erat

ive

Soci

etie

s Ac

t, 20

02.

74 74

50(I)

(h)

Modification

Gol

d an

d Si

lver

Orn

amen

ts /

bullio

ns.

Gol

d an

d Si

lver

Orn

amen

ts.

To c

onfo

rm w

ith

the

guid

elin

es

issu

ed b

y R

eser

ve B

ank

of In

dia

in th

is

rega

rd.

51 Modification

No

mem

ber

shal

l ho

ld m

ore

than

100

000

shar

es

amou

ntin

g R

s.25

,00,

000

or s

uch

othe

r am

ount

as

may

be

deci

ded

by th

e bo

ard

with

in th

e lim

it la

id d

own

as p

er p

rovi

sion

s of

sec

tion

33 o

f MSC

S Ac

t 200

2. A

bor

row

er s

houl

d ho

ld s

hare

s of

the

Bank

in s

uch

proportionsto

hisborrowingasm

aybefixedbythe

Boar

d of

Dire

ctor

s on

the

bas

is o

f R

eser

ve B

ank

of

Indi

a gu

idel

ines

from

tim

e to

tim

e.

No

mem

ber

shal

l ho

ld m

ore

than

5 %

of

the

tota

l pa

id u

p sh

are

capi

tal o

f the

ban

k or

up

to th

e lim

it as

specifiedbyRBIfrom

timetotime.

A b

orro

wer

sho

uld

hold

sha

res

of th

e Ba

nk in

suc

h proportionsto

hisborrowingasm

aybefixedbythe

Boar

d of

Dire

ctor

s on

the

basi

s of

Res

erve

Ban

k of

In

dia

guid

elin

es fr

om ti

me

to ti

me.

To c

onfo

rm w

ith

the

guid

elin

es

issu

ed b

y R

eser

ve B

ank

of In

dia

in th

is

rega

rd.

55 Modification

The

Fund

s m

ay b

e in

vest

ed o

r de

posi

ted

in a

co-

oper

ativ

e ba

nk, S

tate

Co-

oper

ativ

e Ba

nk o

r a C

entra

l CoOperativeBa

nkorinanyofthesecuritiesspecified

insection20oftheIndiaTrustA

ct1882(20f1882)or

in t

he s

hare

s or

sec

uriti

es o

r as

sets

of

a su

bsid

iary

in

stitu

tion

or a

ny o

ther

inst

itutio

n w

ith th

e pe

rmis

sion

of

RBI

, or

with

Any

Oth

er B

ank

or i

n G

over

nmen

t Se

curit

ies

and

as p

erm

itted

by

Res

erve

Ban

k of

Indi

a fro

m ti

me

to ti

me.

The

inte

rest

acc

ruin

g th

ereo

n sh

all

form

par

t of t

he g

ener

al re

venu

e.

The

Fund

s m

ay b

e de

posi

ted

or i

nves

ted

in S

tate

C

o-op

erat

ive

Bank

or

a C

entra

l Co

Ope

rativ

e Ba

nk

orinanyofthesecuritiesspecifiedinsection20of

theIndiaTrustA

ct1882(20f1882)orinth

eshares

or s

ecur

ities

or

asse

ts o

f a

subs

idia

ry in

stitu

tion

or

any

othe

r in

stitu

tion,

or

with

Any

Oth

er B

ank

or in

G

over

nmen

t Sec

uriti

es a

s pe

r gui

delin

es o

f Res

erve

Ba

nk o

f In

dia.

The

fun

ds m

ay b

e de

posi

ted

in c

o-operativebanksforavailingspecificserviceslike

clea

ring,

for

eign

exc

hang

e tra

nsac

tions

etc

. fro

m

such

Ban

ks,

subj

ect

to g

uide

lines

of

RBI

in

this

re

gard

. The

inte

rest

acc

ruin

g th

ereo

n sh

all f

orm

par

t of

the

gene

ral r

even

ue.

To c

ompl

y w

ith

the

guid

elin

es

give

n by

R

eser

ve B

ank

of

Indi

a in

resp

ect

of P

lace

men

t of

Dep

osits

with

ot

her b

anks

.

75

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76 76

THE KALYAN JANATA SAHAKARI BANK LTD. (MULTI STATE SCHEDULED BANK) ANNEXURE – A

Name of the Bank The Kalyan Janata Sahakari Bank Ltd., KalyanRegisteredOfficeAddress “Kalyanam_astu”, Om Vijaykrishna Apt.,

Adharwadi, Kalyan (W) 421 301No. & Date of Registration No. MSCS/CR/1272/2017Date & No. of RBI license UBD/MH/980P.20/08/1988Area of Jurisdiction Entire State of Maharashtra & Gujarat

As on 31st March 2019 (Rupees In Lakh)No. of Branches Including H.O 43Membership : Regular 56648Nominal 6267

Borrowing Members 1267 Non-Borrowing Members 5000

Paid up Share Capital Rs.11084.14Total Reserves & Funds Rs.18239.49Deposits : Savings Rs. 69966.50Current Rs.13780.66Fixed Rs. 220600.45Advances : Secured Rs. 200353.46Unsecured Rs.12897.21Total % of Priority Sector 41.60%% of Weaker Section to priority sector : 12.48%Borrowing Rs. 5329.74Investments Rs.74102.83Overdues % (Percentage) 1.33%Working Capital Rs. 336317.33Profitfortheyear Rs. 2054.52Audit Rating ATotalStaff 526SubStaff 80OtherStaff 446Productivity per employee Rs.984.03