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dm{fH$ [anmoQ>

2012-2013

ANNUAL REPORT
2012-2013

ANNUAL REPORT 2012-2013

dm{fH$ [anmoQ> 2012-2013


uwruxi
1. lOx

CONTENTS
1. NOTICE

2. mai M LM fsM

28

3. lSzM M UmO

29

2. PROGRESS AT A GLANCE

28

3. DIRECTORS REPORT 2012-2013

29

MANAGEMENT DISCUSSION AND ANALYSIS

30

CANARA BANK IN 2012-2013

34

mokl ucU-uqz u uzswh

30

MlU oM uw 2012-13 q

34

CHANGES IN THE BOARD OF DIRECTORS

71

lSzM qQs q mUuil

71

DIRECTORS RESPONSIBILITY STATEMENT

72

lSzM M Sriu uur

72

ACKNOWLEDGEMENT

72

klruS

72

4. BUSINESS RESPONSIBILITY REPORT

73
94

4. MUoU EUSriu UmO

73

5. REPORT OF THE BOARD OF DIRECTORS ON


CORPORATE GOVERNANCE

5. MmUO aullx mU lSzM qQs M UmO

94

6. MmUO aullx mU sZmUM M UmO

118

6. AUDITORS CERTIFICATE ON CORPORATE


GOVERNANCE
7. STANDALONE FINANCIAL STATEMENTS

7. LMs ur uuUh

sZ mUM M UmO
isl m
sp u Wl Zi
isl m M Az ollus Alxcr
sp u Wl Zi M Az ollus Alxcr
sZMl lir
sZ xok Ommhr
xip 3 (oxs II) mMOl
lMS muW uuUh

121
124
125
126
134
136
144
185
217

8. xqMi ur uuUh
sZmUM M UmO
xqMi isl m
xqMi sp u Wl Zi
xqMi isl m M Az ollus Alxcr
xqMi sp u Wl Zi M Az
ollus Alxcr
sZMl lir
xqMi ur uuUh mU sZ xok Ommhr
xqMi lMS muW uuUh

118

AUDITORS REPORT

121

BALANCE SHEET

124

PROFIT AND LOSS ACCOUNT

125

SCHEDULES FORMING PART OF THE


BALANCE SHEET

126

SCHEDULES FORMING PART OF THE


PROFIT AND LOSS ACCOUNT

134

ACCOUNTING POLICIES

136

NOTES ON ACCOUNTS

144

PILLAR 3 (BASEL II) DISCLOSURES

185

CASH FLOW STATEMENT

217

8. CONSOLIDATED FINANCIAL STATEMENTS

220
223
224
225
232
234
242
255

9. Akr u mok lSzM M zrUkUM M xokl

257

10. lmaU (Qm) xu MlS M xc

258

11. lqMl mm

259

12. bwh

261

13. mirz M orQO mm

263

14. Emxji mc xW muz mx


15. mYx Tq

AUDITORS REPORT

CONSOLIDATED BALANCE SHEET

223

CONSOLIDATED PROFIT AND LOSS ACCOUNT

224

SCHEDULES FORMING PART OF THE


CONSOLIDATED BALANCE SHEET

225

SCHEDULES FORMING PART OF THE


CONSOLIDATED PROFIT AND LOSS ACCOUNT
ACCOUNTING POLICIES
NOTES ON ACCOUNTS ON THE CONSOLIDATED
FINANCIAL STATEMENTS

CONSOLIDATED CASH FLOW STATEMENT

220

232
234
242
255

9. CHAIRMAN & MANAGING DIRECTORS ADDRESS


TO SHARE HOLDERS

257

10. LIST OF DP SERVICE CENTRES

258

11. NOMINATION FORM

260

12. DECLARATION

262

13. FORMAT FOR BIODATA OF THE CANDIDATE

264

269

14. ATTENDENCE SLIP CUM ENTRY PASS

270

271

15. PROXY FORM

272

lOx
x

NOTICE

LiU lOx S ei W M MlU oM M zrUkUM


M arU uwM xqlr oPM 22 esD 2013 M mu
10.00 oe leri xpaW, xlOs Mse, msx UQ,
oasU - 560 001 q Arei M eLa exM Ezr
lqlMi MUoU M xcsl MUl W:

Notice is hereby given that the Eleventh Annual General


Meeting of the Shareholders of Canara Bank will be
held on Monday, the 22nd July 2013 at 10.00 am at
Jnanajyothi Auditorium, Central College, Palace Road,
Bangalore 560 001, to transact the following business:

1.

1. To discuss, approve and adopt the Audited Balance


Sheet of the Bank as at 31st March 2013, Profit &
Loss account for the year ended 31st March 2013,
the Report of the Board of Directors on the working
and activities of the Bank for the period covered by
the Accounts and the Auditors Report on the Balance
Sheet and Accounts.

rj 31 qc, 2013 M oM M sZ mUi isl m,


31 qc, 2013 M xqmi uw M sp u Wl sZ mU, isl
m u sZ mU sZ ij sZ mUM M UmO U muUi
Auk M sL oM M Mr u rMsm M xok q
lSzM qQs M UmO mU cc, AlqSl u AaMi MUl |

2. To declare dividend for the financial year 2012-13.

2. ur uw 2012-2013 M sL spz bwi MUl |


3. oMa ulrq Aklrq, 1949 AU UrMi oM [mokl
AU uuk mukl] rel, 1970 (Cx Aa rel MW
ar) AU MlU oM (zrU u oPM) ulrq, 2000 (Cx Aa
ulrq MW ar) M xj mPi oMa Mml (Emq M
AkaWh u AiUh) Aklrq 1970 (Cx Aa Aklrq
MW ar) M kU 9(3) (i) M AlxU AU pUir Ueu
oM M Akxcl-QoAQ. x. ox. x. 46 AU
47/29.39.001/2007-08, SlM 01.11.2007, QoAQ.
ox.x.95/29.39.001/2010-11 SlM 23 qD, 2011 M
AlxU ukqlr lqMl mmi, MlS xUMU x Alr oM M
zrUkUM q x 3 lSzM M clMU lql xMsm mUi
MUl M sL|

3. To elect three Directors from amongst Shareholders


of the Bank other than the Central Government,
in respect of whom valid nominations have
been received, in terms of Section 9(3) (i) of The
Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970 (hereinafter referred to
as the Act) read with The Banking Regulation Act,
1949 and Nationalised Banks (Management &
Miscellaneous Provisions] Scheme, 1970 (hereinafter
referred to as the Scheme) and Canara Bank
(Shares and Meetings) Regulations, 2000 (hereinafter
referred to as the Regulations) and Notifications
No. DBOD.No. BC.No. 46 and 47/29.39.001/2007-08
dated 1st November, 2007 read with No. DBOD.BC.
No. 95/29.39.001/2010-11 dated 23rd May, 2011 of
Reserve Bank of India (hereinafter referred to as RBI
Notification) by passing the following resolution: -

x
xMsm Mr ei W M iWi rel AU ulrq M
xj mPi kU 9(3) (i) M mUhq xum MS xUMU x
Alr oM M zrUkUM q x il lSzM cl ar AU
27 esD, 2013 x MrpU aWh MUM Lx MrpU aWh
MUl M iUZ x il uw M Auk xqmi Wl iM (Aji
26 esD, 2016) iM MrpU aWh MUl M sL lr
Mr er|.

RESOLVED THAT three Directors elected from


amongst shareholders other than Central Government
pursuant to Section 9(3)(i) of the Act read withScheme,
Regulations made thereunder and Notifications be
and are hereby appointed as the Directors of the
Bank to assume office from 27th July, 2013 and hold
office until the completion of a period of three years
from the date of such assumption (i.e., up to 26th
July, 2016)

lSzM qQs M ASz M U

By Order of the Board of Directors

R. K. DUBEY

Ueu MzU So
Akr u mok lSzM

Chairman and Managing Director

xjl : oasU
SlM : 10-6-2013

Place : Bengaluru
Date : 10-6-2013

Ommhr

NOTES

1. urZriqM uur:

1. EXPLANATORY STATEMENT:
The Explanatory Statement setting out the material
facts in respect of Item No. 3 of the Notice regarding
Election of Directors are annexed below.

mS me eOl AU lSzM M clu M xok q lOx


M qS xZr 3 M oU q uxiuM ijr M Szlus
urZriqM uur lc Sr ar W |

2. APPOINTMENT OF PROXY:
A SHAREHOLDER ENTITLED TO ATTEND AND VOTE AT
THE MEETING IS ENTITLED TO APPOINT A PROXY TO
ATTEND AND VOTE INSTEAD OF HIMSELF AND SUCH
PROXY NEED NOT BE A SHAREHOLDER OF THE BANK.
The Proxy Form in order to be effective must be
lodged at the Head Office of the Bank, at least Four
days before the date of the Annual General Meeting
i.e. on or before the closing hours of the Bank on
Wednesday, 17 July 2013.

2. milk M lr:
oPM q pa sl u qiSl M AkMU UZlus zrUkUM
M Aml xjl mU oPM q pa sl u qiSl MUl Wi
milk M lr MUl M AkMU W AU Lx milk
oM M zrUkUM Wl AuzrM lW W | milkiu Tq
M mpu Wl M sL Ex uwM Aq oPM M iUZ
M xqmi x Mq x Mq 4 Sl mWs Aji okuU, 17
esD 2013 M r Exx mWs oM M mkl Mrsr q
eq / Se Mr eL |

3. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE:


No person shall be entitled to attend or vote at
the meeting as a duly authorized representative
of a company or any other Body Corporate which
is a shareholder of the Bank, unless a copy of the
Resolution appointing him/her as a duly authorized
representative, certified to be true copy by the
Chairman of the meeting at which it was passed,
shall have been deposited at the Head Office of the
Bank at least four days before the date of the Annual
General Meeting, i.e. on or before the closing hours
of the Bank on Wednesday, 17 July 2013.

3. mkMi milk M lrMi:


oM M zrUkUM Mml r Alr Mx p MmUO lMr
M ukui mkMi milk M m q oPM q pa sl
u qi Sl M AkMU Mx ur M Mus ip Wa
eo Ex ukui m x mkMi milk M m q lr
MUlus xMsm M mi, ex oPM q uW xMsm mUi
Mr ar j ExM Akr U mqhMi xir mism
M m q, oPM M iUZ x Mq x Mq cU Sl mWs
Aji okuU, 17 esD 2013 M r uW Sl xqmi Wl
x mWs oM M mkl Mrsr q Se M ei W |

4. REGISTRATION:

4. meMUh:

In order to facilitate the shareholders attending the


meeting, Registration process will commence from
8.30 a.m. Monday, 22nd July 2013 at the venue.
Shareholders are requested to be present for the
meeting well in advance, to complete the Registration
formalities.

oPM q pa s UW zrUkUM M xuk M sL meMUh


mMr oPM xjl q SlM 22 esD 2013, xquU M
mu 08.30 oe x z Wa | zrUkUM x AlUk
W M meMUh AmcUMiL mU MUl M sL oPM q
xqr x mu Emxji UW |

5. ATTENDANCE SLIP:
For the convenience of the shareholders,
attendance slip-cum-entry pass is annexed to
this notice. Shareholders/Proxy Holders/Authorised
Representative is requested to fill in, affix their
signatures at the space provided therein, and
surrender the same at the venue. Proxy/Authorised
Representative of a shareholder should state
on the attendance slip as Proxy or Authorised
Representative as the case may be. Shareholders
/ Proxy holders / Authorised Representatives may
note that the admission to the meeting will be

5. Emxji mc:
zrUkUM M xuk M sL Emxji mc - xW
- muz mx M Cx lOx M xj xsal Mr ar
W | zrUkUM / milkiukUM / mkMi milkr
x AlUk W M u Cx pU u Exq Emsok MUL aL
xjl mU Aml WxiU MU u Ex EmU xjl mU
mxii MU | zrUkUM M milk / mkMi milk
mU "milk" r "mkMi milk" ex p qqs
W ExM EssZ Emxji mc q MU | zrUkUM /
mYxkUM / mkMi milk lO MU M oPM q muz,

eW AuzrM W, xirml / ec M Akl Wa AU


ElW xcl S ei W M u Aml xj mWcl M qlr
xoi sL qxsl - qiSi mWcl MQ / lr mWcl
MQ / ml MQ / mxmO / QCua sCxx AS |
oPM xjl q muz M Alqi Mus uk Emxji
mc - xW - muz mx M AkU mU S era |

subject to verification / checks, as may be deemed


necessary and they are advised to carry valid proof of
identity viz., Voters ID Card / Employer Identity Card/
Pan Card / Passport / Driving license etc. Entry to the
venue will be permitted only on the basis of valid
Attendance Slip-cum-Entry Pass.
6. COMMUNICATION WITH THE SHARE TRANSFER
AGENTS:
Shareholders holding shares in physical form are
requested to intimate changes, if any, in their
Registered Addresses, to the Share Transfer Agents of
the Bank at the following address:

6. zrU AiUhMi LeO M xj xmM:


piM m q zrU M kUh MUl us zrUkUM x
AlUk W M rS ElM meMi mi q MD mUuil W
i u ExM xcl oM M zrU AiUhMi LeO M
lqlMi mi mU S |

Karvy Computershare Pvt. Ltd


Unit: Canara Bank
Plot No. 17-24, Vittal Rao Nagar
Madhapur
HYDERABAD 500 081

Mu MmrOUzrU mCuO sqOQ


rlO: MlU oM
msO xZr 17-24, us Uu laU
qkmU
WSUoS- 500 081

Further, the shareholders are advised to inform/


register their e-mail IDs either to the Share Transfer
Agents (at the above address) or to the Bank at

Aa, zrUkUM M xci Mr ei W M u Aml


D-qs mi zrU AiUhMi LeO (Emr mi mU) r
oM M hosecretarial@canarabank.com mU xci /
meMi MU |

hosecretarial@canarabank.com
Shareholders holding shares in dematerialised form
are requested to intimate the aforesaid changes only
to their depository participants.

upiM m q zrU M kUh MUl us zrUkUM x


AlUk W M Mus Aml lmaU mipar M Emr
mUuil xci MU |

7. CLOSURE OF BOOKS:
The Register of shareholders and the share transfer
books of the Bank will remain closed from Saturday,
6th July 2013 to the Monday, 22nd July 2013 (both
days inclusive) in connection with the Annual
General Meeting and for the purpose of determining
the shareholders entitled to receive the dividend,
declared by the Bank.

7. oWr M oS MUl:
oM M zrUkUM M UexOU ij zrU AiUh oWr M
uwM xqlr oPM ij oM U bwi clu q pa
sl Lu spz M mmi M WMSU zrUkUM M lkUh
MUl Wi vluU, 6 esD 2013 x xquU, 22 esD
2013 iM (Sl Sl xWi) oS UZ eLa |

8. PAYMENT OF DIVIDEND / RECORD DATE:


The Board has recommended a dividend of `13.00
per equity share (130%) for the year 2012-13. It has
been decided to pay the dividend to the Shareholders
whose names appear on the Register of Shareholders/
Beneficial owners as furnished by NSDL/CDSL as
on Friday, 5th July 2013 (hereinafter referred to as
Record Date).

8. spz M pail / ApsZ ij:


oM l uw 2012-13 M sL mi DYuO zrU `13.00
(130%) M spz bwi Mr W | El zrUkUM M
spz M pail MUl M lhr sr ar W elM lq
xSxr M UexOU r rj vuU, 5 esD 2013(Aa x
ApsZ ij sZ eLa) M LlLxQLs / xQLxLs
U mxii spj xuq UexOU q W |

The Bank will credit the dividend amounts to the


bank accounts of the shareholders through National
Electronic Funds Transfer (NEFT) / National Electronic
Clearing Service (NECS) facility, wherever possible.
The shareholders, who are holding the shares in
electronic form, are, therefore, requested to inform
their Depository Participants about their latest change

oM U spz Uz zrUkUM M oM Zi q Ur
CsYOlM lk AiUh (LlDLTO) / Ur CsYOlM
xqzkl xu (LlDxLx) xuk M qkrq x eq
Mr eLa | CsYOlM m q zrU M kUh MUlus
zrUkUM x AlUk W M Aml mi M mUuil ij

oM Zi uuUh (lL Zi xZr, rS W i, oM M


LqADxAU u ADLTLx MO) LlDLTO / LlDxLx
U eq xli MUl M sL Aml lmaU xWpa
M xci MU | upiMi m q zrU M kUh MUlus
zrUkUM Cx xok q AuzrM MUuD M sL Aml
lmaU xWpa M mx W eL |

of address and bank mandate details (including new


account number, if any, banks MICR and IFS Code
numbers) immediately to ensure prompt crediting
of the dividend amounts through NEFT / NECS. The
shareholders who are holding the shares in demat
form may approach their DEPOSITORY PARTICIPANTS
ONLY for necessary action in this connection.

piM m q zrU M kUh MUlus zrUkUM


Aml oM Zi xok uuUh oM M xcur mpa M
r zrU AiUhMi LeO M Cx lOx q S aD mi mU
mSl MU |

The Shareholders who are holding their shares in


physical form should furnish / update their Bank
Mandate details to the Secretarial Department of the
Bank or to the Share Transfer Agent of the Bank at the
address given in this Notice.

9. Tsr M xqMl:

9. CONSOLIDATION OF FOLIOS:
The shareholders who are holding shares in identical
order of names in more than one account are
requested to intimate Karvy Computershare Pvt. Ltd,
the ledger folio of such accounts together with the
share certificates to enable the Bank to consolidate all
the holdings into one account. The share certificates
will be returned to the Shareholders after making
necessary endorsement in due course.

El zrUkUM x, e lq M xqm q q LM
x AkM Zi q zrU UZi W, AlUk W M Mu
MmrOUzrU mCuO sqOQ M El Zi M Zi oW M
oU q xci MU, xj q zrU mqhm p S iM oM
U xp kUh M LM Zi q xqMl Mr e xM |
AuzrM mMl MUl M oS xSxr M rjxqr zrU
mqhm umx ML eLa |
10. ASu spz, rS MD W i:

10. UNCLAIMED DIVIDEND, IF ANY:


The shareholders who have not encashed their
Dividend Warrants / received dividend of previous
periods, are requested to contact the Share Transfer
Agent of the Bank for revalidation / issue of duplicate
dividend warrants.

el zrUkUM l Aml spz uUO M lMSMUh lW


Mr W / mNs Aukr M spz mmi lW Mr W,
Elx AlUk W M u mlqsrMl / QmsMO spz
uUO eU MUl M xok q oM M zrU AiUh LeO x
xmM MU |

The Bank has posted the details of the Unclaimed/


Unpaid Dividend Warrants on its site ie.,
www.canarabank.com to enable the shareholders to
claim by taking up with the Share Transfer Agent / or
with the Bank at hosecretarial@canarabank.com

oM l zrU AiUhMi LeO / r oM M


xj hosecretarial@canarabank.com q Su MUl
Wi zrUkUM M xq oll M sL ASu /
AmS spz uUO xok uuUh ClM uoxCO
www.canarabank.com q mxO Mr W |

As per the newly inserted Section 10B of the


Banking Companies (Acquisitions and Transfer of
Undertakings) Act, 1970, the amount of dividend
remaining unpaid or unclaimed for a period of seven
years is required to be transferred to the Investor
Education and Protection Fund (IEPF) established
by the Central Govt. under section 205C of the
Companies Act, 1956, and thereafter no claim for
payment shall lie in respect thereof either to the
Bank or to the IEPF.

oMa Mml (Emq M Ael Lu AiUh) Aklrq,


1970 q lr m x Aiu kU 10o M AlxU xi
xs x pail l Mr ar r Su l Mr ar spz M
UMq M Mml Aklrq, 1956 M kU 205x M Aiai
xjmi luzM z Lu xUh lk (ADDmLT) q
xjliUi Mr el cWL AU ExM oS oM r
ADDmLT M lq pail M sL MD p Su lW Mr
e xMi |
11. uwM UmO:

11. ANNUAL REPORT:


Shareholders / Proxy holders / Authorized Representatives
are requested to bring their copies of the Annual
Report to the Annual General Meeting.

zrUkUM / milkiukUM / mkMi milkr x


AlUk W M u uwM Aq oPM q Ai xqr uwM
UmO M Aml mir s AL |

12. zrUkUM M qiSl


qiSl AkMU:
Aklrq M kU 3 (2D) M mukl (rj xvki
u 18.01.2013 x mpu) M AlxU, oM M Mx p
zrUkUM, xur MS xUMU M, Aml mx xji oM M
xqa zrUkUM M Ms qiSl AkMU M LM mizi
x AkM zrU M xok q qiSl AkMU M mra lW
MU xMi W |

12. VOTING RIGHTS OF SHAREHOLDERS:


In terms of the provisions of Section 3 (2E) of the
Act (as amended and effective from 18.01.2013),
no shareholder of the Bank, other than the Central
Government shall be entitled to exercise voting
rights in respect of any shares held by him / her in
excess of ten per cent of the total voting rights of all
the shareholders of the Bank.

MlU oM (zrU ij oPM) ulrqus 2000 M ulrq


68(i) M AlxU kU 3 (2D) q lWi mukl M Akl,
mirM zrU kUM M, e uwM Aq oPM M mWs
UexOU oS Wl M iUZ M zrUkUM M m q meMi
W, Wj SZMU qiSl MUl M sL LM qi mmi Wa
AU clu M qqs q ElM U kUi mi zrU M sL
LM qi mmi Wa |

In terms of Cl. 68(i) of Canara Bank (Shares and


Meetings) Regulation, 2000, subject to the provisions
contained in Section 3 (2E) of the Act, each shareholder
who has been registered as a shareholder as on the
date of the closure of the Register, prior to the date
of the Annual General Meeting shall have one vote
on show of hands and in case of a poll shall have one
vote for each share held by him.

lOx M qS xZr 3 q EssZi MUoU M xok


q urZriqM uur:

EXPLANATORY STATEMENT IN RESPECT OF THE BUSINESS


MENTIONED AGAINST ITEM NO. 3 OF THE NOTICE:
ELECTION OF DIRECTORS

lSzM M clu

The Bank, as part of the Eighth Annual General Meeting


of shareholders of the Bank, conducted the election for
two Directors from amongst the shareholders of the Bank
other than the Central Government and two candidates
were declared elected. Their term of office is 3 years
from the date of assuming office after election i.e., on
27.07.2010 and the said term is expiring on 26.07.2013.

oM l oM M zLrUkUM M 8u Aq oPM M SUl


zrUkUM q x S lSzM M, MlS xUMU M Asu,
cll M sL clu Arei Mr AU S mirzr M
luci bwi Mr ar | lSzM M MrMs lucl M
mi MrpU aWh iUZ x 3 uw W, Aji 27.07.2010
AU E MrMs SlM 26.07.2013 M xqmi W UW W |
oMa Mml (Emq M AkaWh u AiUh) Aklrq, 1970
M kU 9(3)(i) M AlxU rS eli M eU M aD mS
me 32% x erS W i, zrUkUM U il lSzM M
luci Mr el W | uw 2011 q M aD rarimmi
xxjai ZUSSU M mi eli U kUi oM M mS
me 32.28% W AU zrUkUM oM M il lSzM M
luci MUl M sL AW W |

As per the Section 9 (3) (i) of the Banking Companies


(Acquisition and Transfer of Undertakings) Act, 1970, if
the paid up capital issued to Public is more than 32%,
three (3) Directors are to be elected by the Shareholders,
other than the Central Government from amongst
themselves. Consequent to the issue of shares pursuant
to a Qualified Institutional Placement made in 2011,
the paid-up capital held by Public is 32.28 % of the Bank
and the shareholders are entitled to elect 3 Directors of
the Bank.

Aklrq M kU 9(3)(i) M AlxU, oM l oM M zrUkUM


M arU uwM Aq oPM M Wxx M m q, MlS xUMU
x Alr, oM M zrUkUM q x il lSzM M cll M
sL clu Arei MUl M lhr sr W |

In line with Section 9 (3) (i) of the Act, the Bank has as a
part of Eleventh Annual General Meeting of shareholders
of the Bank, decided to conduct the election of three
Directors from amongst the shareholders of the Bank
other than the Central Government.

xqf eLa M Lx luci lSzM 27 esD, 2013 M


MraWh MU sr W AU Lx MraWh M ij x il uw
iM AkMU q UWa |

A Director so elected shall be deemed to have assumed


office from 27th July, 2013 and shall hold office for a
period of three years from the date of such assumption
of office.

ukM mukl:
Cx xok q sa up Aklrq / relA / ulrq / AkxclA q lWi mukl M xMi lql xUh q Sr ar W:
Aklrq, rel, ulrq,
Akxcl

mukl

xmi uuUh

oMa ulrq Aklrq, 1949

kU 16 (1)
kU 20

xqlr lSvM M lwk


Mx lSzM M r Mx lSzM M AU x Gh u Aaq M qeU
M sL miok

oMa Mml (Emq M AkaWh u kU 3 (2D)


AiUh) Aklrq, 1970
kU 9(3)(i)
kU 9(3L) (L)
x (x)
kU 9(3D) u kU
9(3Lo)
kU 9(3o)

lucl AkMU mU miok


zrUkUM U luci ML elus lSzM M xZr
MN q uzw l
pUir Ueu oM U lkUi qlSQ M AlxU MD p ur e OM
UMQ ij AZQi M AkU mU rar u Eci lW W, uW lSzM M
m q luci Wl M sL m lW W |
E Aklrq M kU 9(3L) u 9(3LL) M mukl M mU lW MUlus
luci lSzM M WOl M AkMU pUir Ueu oM M Wa |

kU 13(2)

xir M m q l u amlri M okri

UrMi oM (mokl u uuk


mukl) rel, 1970

ZQ
ZQ
ZQ
ZQ
ZQ
ZQ

luci lSzM M MrMs


oM M lSzM M m q cl el x Arar PWUr el
lSzM M mS M U Mr el
luci lSzM M mScri Mr el
luci lSzM M mS q Ur M pUl
Aml WilxU MN uruxjA q lSzM U Wi M mMOl

MlU oM (zrU u oPM) ulrq,


2000 (rj xzki)

ulrq
ulrq
ulrq
ulrq
ulrq
ulrq
ulrq
ulrq
ulrq
ulrq

pUir Ueu oM M AkxclQoAQ. x. ox. x. 46 AU


47/29.39.001/2007-08, SlM
01.11.2007 AU QoAQ. ox.
x.95/29.39.001/2010-11 SlM
23 05, 2011

oMa Mml
UrMi oM M oQ mU luci lSzM M sL rar u Eci qlSQ
(Emq M
AkaWh u AiUh)
Aklrq, 1970
M kU 9(3LL)
ij kU 9(3Lo)
M Alui

pUir Ueu oM qxOU mUm SlM


02 el, 2012 (AUoAD / 201213/79 QoAQ x. QADAU.ox.
4/13.03.00/2012-13)

9(4)
10
11
11 L
11 o
12(8)
10
61
63
64
65
66
67
68
69
70

xr kUM M AkMU M mra


Aq oPM q qiSl
Aq oPM q luci ML elus lSzM
zrUkUM M xc
lucl M sL mirzr M lqMl
lqMl M xu
lucl uuS
qiSl AkMU xMsm
mkMi milkr U qiSl
mYxr

lSzM M UziSU M Gh u Aaq M qeU

LEGAL PROVISIONS:
The following table indicates the provisions contained in various Acts/ Scheme/ Regulations/ Notifications applicable
in this regard:
ACT, SCHEME, REGULATIONS,
PROVISIONS
NOTIFICATIONS
The Banking Regulation Act, 1949 Section 16 (1)
Section 20

SHORT PARTICULARS

Prohibition of Common Director


Restrictions for granting loan or advance to or on behalf of any of
its directors
The Banking Companies
Section 3 (2E)
Restriction on voting rights
(Acquisition and Transfer of
Section 9(3)(i)
No. of directors to be elected by the shareholders
Undertakings) Act, 1970
Section 9(3A) (A) Special knowledge in certain fields
to (C)
Section 9(3AA) & No person shall be eligible to be elected as director unless he is
Section 9(3AB) a person having fit and proper status based upon track record,
integrity and such other criteria as RBI may prescribe.
Section 9(3B)
Right of RBI to remove a director so elected who does not fulfill
the requirements of Section 9(3A) and 9(3AA) of the said Act.
Section 13(2)
Obligation as to fidelity and secrecy
Term of office of elected directors
The Nationalised Banks
Clause 9(4)
Disqualifications from being elected as a Director of the Bank
(Management And Miscellaneous Clause 10
Vacation of office of Director
Provisions) Scheme, 1970
Clause 11
Removal from office of an elected Director
Clause 11A
Filling of vacancy in the office of an elected director
Clause 11B
Disclosure of interest by directors in certain arrangements in
Clause 12(8)
which they are interested.
Canara Bank (Shares and
Regulation 10
Exercise of rights of joint holders
Meetings) Regulations, 2000
Regulation 61
Voting at General Meetings
(as amended)
Regulation 63
Directors to be elected at General Meetings
Regulation 64
List of Shareholders
Regulation 65
Nomination of candidates for election
Regulation 66
Scrutiny of nominations
Regulation 67
Election disputes
Regulation 68
Determination of voting rights
Regulation 69
Voting by duly authorized representative
Regulation 70
Proxies
RBI Notification No.
Pursuant to
Fit and Proper criteria for elected directors on the Board of
DBOD.No. BC.No.46 and
Section 9(3AA) nationalized banks
47/29/.39.001/2007-08 dated
and Section
01.11.2007 and No.DBOD.
9(3AB) of
BC.No.95/29.39.001/ 2010-11
The Banking
dated 23.05.2011
Companies
(Acquisition
and Transfer of
Undertakings)
Act, 1970
RBI Master Circular dated 2nd June
Granting loans and advances to relatives of Directors
2012
(RBI/2012-13/79 DBOD.No. Dir.
BC.4/13.03.00/2012-13)

10

xo Aklrq / relA / ulrq / AkxclA AS


M EUh:

EXTRACTS OF RELEVANT ACTS / SCHEME / REGULATIONS


/ NOTIFICATIONS ETC.

zrUkUM M xukj xo Aklrq, relA, ulrq,


pUir Ueu oM M Akxcl QoAQ. x. ox. x.
46 AU 47/29.39.001/2007-08, SlM 01.11.2007 AU
QoAQ. ox. x.95/29.39.001/2010-11 SlM 23 qD,
2011 M EUh Cx lOx M Ai q ml: Sr ar W | Lx
EUh oM M xcur mpa M mirzr x lqMl mm
mxii MUl M sL lkUi ij M r ExM mWs, Aji
06 esD, 2013 iM AlUk M mmi mU D-qs U mwi
Mr eLa |

For the convenience of the shareholders, the relevant


extracts from Regulation Act, the Act, the Scheme
as well as RBI Notifications No. DBOD.No. BC.No.46
and 47/29/.39.001/2007-08 dated 01.11.2007 and
No.DBOD.BC.No.95/29.39.001/2010-11 dated 23.05.2011
are reproduced at the end of this Notice. Such extracts will
also be e-mailed to the intending candidates on receipt
of a request addressed to the Secretarial Department of
the Bank, on or before the last date fixed for submission
of nomination forms viz. 06th July, 2013.

13. oM M lSzM M m q cl el M sL Ami


rari:

13. QUALIFICATION REQUIRED FOR BEING ELECTED AS A


DIRECTOR OF THE BANK
a) In terms of Section 9(3-A) of the Act, a candidate
being a Shareholder of the Bank and who desires
to be elected as Director under the clause (i) of
Sub section (3) of the Act shall-

M) Aklrq M kU 9(3-L) M AlxU oM M


zrUkUM Wl us mirz e Aklrq M EmkU
(3) M ZQ (i) M iWi lSzM M m q cl el
M CcNM W, M:
M) lql uwr q x LM r AkM q uzw l r
uruWUM Alpu Wl cWL:- Mw AU aqh Ajuruxj
- oMa
- xWMUi
- Ajzx
- u
- uk
- sb Ea
- Mx Alr uwr M uzw l AU uruWUM
Alpu e pUir Ueu oM M ucU q oM M
sL Emra Wa|
Z. eqMiA M Wi M milkiu MUi W; r
a. Mxl, qM AU MUaU M Wi M milkiu
MUi W|
Z) Aklrq M kU (3-L L) M EmkU (3 L) M
mukl M mukUh M ol AU Cx Aklrq
r xmi muil q UWl us Mx Alr uk
q lWi Mx uwr M u Wl us x MD
isMi lW UZi WL mu ApsZ, AZQi AU
Cx Sz q xqr-xqr mU pUir Ueu oM
U xcilxU MD Alr qlM M AkU mU

11

A) have special knowledge or practical experience in


respect of one or more of the following matters
namely:- agriculture and rural economy
- banking
- co-operation
- economics
- finance
- law
- small-scale industry
- any other matter the special knowledge of
and practical experience in which, would, in
the opinion of the Reserve Bank be useful for
the Bank.
B) represents the interest of depositors; or
C) represent the interest of farmers, workers and
artisans.
b)

In terms of Section (3-AA) of the Act, without


prejudice to the provisions of sub-section
(3A) and notwithstanding anything to the
contrary contained in this Act or in any other
law for the time being in force, no person
shall be eligible to be elected as director
under clause (i) of sub-section (3) unless
he is a person having fit and proper status
based on track record, integrity and such
other criteria as the Reserve Bank may notify

MD ur rar AU Eci Wxri us l W i


EmkU (3) M ZQ (i) M Aiai lSzM M m
q cl el M sL m lW Wa| Aa cl ar
lSzM M mxuS usZ lwmSi MUl cWL
AU pUir Ueu oM U Cx Sz q lkUi
uwM bwhL MUl Wa|
a) Aklrq M kU (3-L o) M AlxU, pUir
Ueu oM EmkU (3LL) M Aiai eU M aD
Akxcl q rar AU Eci Wxri lkUi
MUl M mkMU, Lx lkUh M iU iUM, Lx
lkUh M sL AlxUh M el us mr
AU ExM sL AuzrM r mxaM ql el
us qqs M oU q p Akxcl q ulS
MU xMi W|

from time to time in this regard. Further the


elected director should execute the deed of
covenants and is required to furnish annual
declarations as prescribed by the Reserve
Bank of India in this regard.
c) In terms of Section (3-AB) of the Act,
the Reserve Bank may also specify in the
notification issued under sub-section
(3AA), the authority to determine the fit
and proper status, the manner of such
determination, the procedure to be followed
for such determination and such other
matters as may be considered necessary or
incidental thereto.
14. DISQUALIFICATION FROM BEING ELECTED AS A
DIRECTOR OF THE BANK:

14. oM M lSzM M m q cl el x Arar PWUr


el:

A. In terms of Clause 10 of the Nationalised


Banks (Management & Miscellaneous Provisions)
Scheme, 1970, a person shall be disqualified for
being appointed, as and for being a Director:

M. UrMi oM (mokl u uuk mukl) rel, 1970


M ZQ 10 M AlxU ur uzw M lql MUh x
lSzM M m q lr Wl x Arar PWU eLa:

a) if he has at any time being adjudicated an


insolvent or has suspended payment or has
compounded with his creditors; or

M. rS Ex Mp Susr lhi Mr ar W r
ExM sl SU M cMi lW Mr W r

b) if he has been found to be of unsound mind


and stands so declared by a competent court;
or

Z. Ex uoql mr ar W r xq lrrsr
U Lx bwi Mr ar W

c) if he has been convicted by criminal court of


an offence which involves moral turpitude or

a. rS Ex liM Essbl Aiai Mx AmUk M


iWi AmUkM lrrsr U Sw PWU ar W|
b. oM M MqcUr q x Aklrq M kU 9
M EmkU 3 M ZQ (D) AU (LT) M Aiai
lqi lSzM AU mok lSzM zqs MUM
mhMsM lSzM M mS kUl M NQMU Mx
UrMi oM r pUir xOO oM Aklrq,
1955 M kU 3 M EmkU (1) M iWi aPi
pUir xOO oM r pUir xOO oM M kU 3
q mUpwi AlxU Mx Alwa oM q Mx
mMU M spSrM AkMU q W; AU

d) if he holds any office of profit under any


nationalised Bank or State Bank of India
constituted under sub-section (1) of Section
3 of the State Bank of India Act, 1955 or any
subsidiary Bank as defined in Section 3 of
the State Bank of India (Subsidiary Banks)
Act, 1959, except for holding the post of a
whole-time Director, including the Managing
Director and Directors nominated under
clauses (e) and (f) of sub-section (3) of Section
9 of the Act from among the employees of
the Bank.; And

Z. pUir Ueu oM M Akxcl - QoAQ.


x. ox. x. 46 AU 47/29.39.001/2007-08, SlM
01.11.2007, QoAQ.ox x.95/29.39.001/
2010-11 SlM 23 qD, 2011 M xj mPi M
AlxU oM M lSzM M lqMl xqi U Ex
rar AU Eci lW mr ar i

B. In terms of Notification of Reserve Bank of IndiaDBOD No. BC. No. 46 & 47/29.39.001/200708 dated 01.11.2007 read with No. DBOD.
BC.No.95/29.39.001/2010-11 dated 23rd May,
2011, he is not found to be fit and proper person,
by the Nomination Committee of the Directors of
the Bank.

12

15. zrUkUM M xc M Emsoki:


clu sQl q zrUkUM M xqj oll M sL MlU
oM (zrU u oPM) ulrq 2000 M ulrq 64 q oir
ar zrUkUM M xc xquU, 1 esD 2013 x sMU
oM M mkl Mrsr q Emsok MUD era iM oasU
q xSr MlU oM M m q qaQnO U `50,000/(mcx WeU mL q) AS MUM ZUS e xM|
zrUkUM M UexOU oM M mkl Mrsr q xp
MrSux mU (UuuU ij oM AuMz M NQMU),
Aji xquU x zuU iM AmU 03.00 oe x
05.00 iM AU zluU M mu 11.00 oe x AmU
01.00 oe iM lUh M sL Emsok Wa | rS MD
zrUkUM M UexOU M mi r UexOU M Wxx M
mi r MmrOU mO AEO M AuzrMi W i mi 1000
zoS r ExM Wxx M sL `5/- M mupail mU Ami
Mr eLa |
16. clu q mipai / AiUM MO-BT ij:
xSxr M UexOU / LlLxQLs / xQLxLs U S
aD spj xuq UexOU q SlM vuU, 21 el 2013
(Aa AiUM MO-BT ij sZ eLa) M MUoU
xqr M mi lq W i clu q mipai, Aji
lqMl MUl M sL, clu sQl M sL ij MlS
xUMU M Asu il lSzM M cll M sL qiSl
Sl M sL m W eLa
17. clu M sL mirzr M lqMl:

15. AVAILABILITY OF LIST OF SHAREHOLDERS:


To enable the Shareholders to contest the election,
a copy of the list of shareholders as mentioned in
Regulation 64 of Canara Bank (Shares and Meetings)
Regulations 2000 will be made available at the
Head office of the Bank, from Monday, 1st July 2013
onwards for purchase by Shareholders on payment of
`50,000/-[Rupees Fifty Thousand Only] by Demand
Draft in favour of Canara Bank payable at Bangalore.
The Register of Shareholders will be open for
inspection at the Head Office of the Bank on all
working days (other than Sundays and Bank holidays)
ie., Monday to Friday between 3.00 p.m. to 5.00 p.m.
and Saturday between 11.00 a.m. to 1.00 p.m. If any
shareholder requires a copy or computer print outs
of the register or of any part thereof, the same shall
be supplied to him/her on pre-payment at the rate of
`5/- for every 1000 words or fractional part thereof
required to be copied/printed.
16. PARTICIPATION IN ELECTION/INTERNAL CUT-OFF
DATE:
Those shareholders whose names appear on
the Register of Shareholders / Beneficial owners
as furnished by NSDL/CDSL as at the close of
business hours on the date i.e Friday, 21st June
2013 (hereinafter referred to as the Internal Cut-Off
Date) shall be entitled to participate in the election
i.e. nominate, contest and vote in election of three
directors from amongst Shareholders other than
Central Government.

lSzM M mS M sL mirz M lqMl io uk


Wa, eo

17. NOMINATION OF CANDIDATES FOR ELECTION:


No nomination of a candidate for election as a
Director shall be valid unless,

M. clu q pa sl M ahl MUl sl M sL AiUM


MO-BT ij / clu q pa sl M sL ahl M
e UW iUZ vuU, 21 el 2013 M MlU oM M
100 zrU lW UZi W|

a) he/she is a shareholder holding not less than100


shares in Canara Bank as on Friday, 21st June
2013, being the Internal Cut-Off Date/Date of
reckoning for participating in the election;

Z. Ex Aklrq r rel M iWi lqMl mmi MUl


M AZU iUZ vluU, 6 esD 2013 M lSzM
Wl M sL Arar lW PWUr ar W|
a. lSzM M cll M sL m Mq x Mq 100
zrUkUM r ElM ukui aPi qZiU U sZi
m q lqMl WxiUi lW Mr ar W| ozi

13

b) he/she is as on Saturday, 6th July 2013 being


the last date for receipt of nomination not
disqualified to be a Director under the Act or
under the Scheme or RBI Notification;
c) the nomination is in writing signed by atleast
one hundred shareholders entitled to elect
Directors under the Act or by their duly
constituted attorney, provided that a nomination
by a shareholder who is a company may be

M Mml Wl us zrU kUM U lqMl Mji


Mml M lSzM M mxiu U Mr er AU Lx
Mr el mU Cx oPM q xMsm mUi Mr ar W
ExM Akr U xW xir mi M m q mqhi
mxiu M mi qW mokM, MlU oM, Akr u mok
lSzM M xcusr, mkl Mrsr, 112 e x
UQ, oasU-560 002 M xoki MUM MlU oM M
mkl Mrsr M mwi Mr er AU Lx mi M
Mml M iUT x Mr ar lqMl xqf era|

made by a resolution of the Directors of the


said company and where it is so made, a copy of
the resolution certified to be a true copy by the
Chairman of the meeting at which it was passed
shall be dispatched to the Head Office of Canara
Bank addressed to the General Manager, Canara
Bank, CMDs Secretariat, Head Office,112, J C
Road, Bangalore 560002 and such copy shall
be deemed to be a nomination on behalf of such
company;

b. lqMl M xj r Exq lrrkz, qexOO r


Axl UexOU r Em UexOU r MD Alr
Uemi AkMU r pUir Ueu oM r Mx
UrMi oM M AkMU M xql mirz U
WxiUi bwh Wa M uW lqMl xuMU MUi
W AU clu sQl M CcN UZi W AU uW lSzM
oll M sL Aklrq r rel r Cl ulrq U
Arar lW PWUr ar| ukui WxiUi AU Cx
oi M m MUl us ExM urai orU (orQO), ExM elMU AU ux M WS iM xW W
AU bwh M oS xcl x xoki MD bOl bO
W i eil esS W xM Eil esS ExM oU q
oM M mhi: xci MUl M ucl Si W|

d) the nomination accompanies or contains a


declaration signed by the candidate before a
Judge, Magistrate, Registrar or Sub-Registrar of
Assurances or other Gazetted Officer or an officer
of the Reserve Bank of India or any Nationalized
bank, that he accepts the nomination and
is willing to stand for election, and that he/
she is not disqualified either under the Act or
the scheme or these regulations from being
a Director. His/her personal details (bio-data)
duly signed and affirming that details furnished
are true to the best of his/her knowledge and
belief and also his/her undertaking to keep the
Bank fully informed as soon as possible of such
events which are relevant to the information,
subsequent to the declaration.

X. Ex oMa ulrq Aklrq, 1949 r oMa Mml


(Emq M AiUh AU AkaWh) Aklrq, 1970
r UrMi oM (mokl u uuk mukl) rel,
1970 r MlU oM (zrU u oPM) ulrq 2000
AU pUir Ueu oM M AkxclL QoAQ x.
ox x.46/29.39.001/2007-08, SlM 01.11.2007
u QoAQ x. ox x. 47/29.39.001/200708 SlM 01.11.2007 AU QoAQ x. ox x.
95/29.39.001/2010-11 SlM 23.05.2011 M
Akl Ex Arar lW Mr ar|

e) he/she is not disqualified under the Banking


Regulation Act, 1949, or the Banking Companies
(Acquisition and Transfer of Undertakings)Act,
1970 or the Nationalized Banks (Management &
Miscellaneous Provisions) Scheme, 1970 or the
Canara Bank (Shares and Meetings) Regulations,
2000 and Notification No. DBOD No. BC No.
46/29.39.001/2007-08 dated 01.11.2007 &
DBOD No. BC No. 47/29.39.001/2007-08, dated
01.11.2007 and DBOD BC No. 95/29.39.001/201011, dated 23.05.2011 of Reserve Bank of India,
from being a director.

18. lqMl m M mxiiMUh:


MS xUMU x Alr zrUkUM q x oM M lSzM
M m q clu sQl M CcNM zrUkUM M Aml
lqMl m [lrliq 100] bwh AU xoki Sxiue

18. SUBMISSION OF NOMINATION FORMS:


Shareholders desirous of contesting the election of
Directors of the Bank from amongst the Shareholders
other than the Central Government should submit
their nomination forms [a minimum of 100] along

14

ex or QO, rari mqhm, Alpu mqhm, ml M


mi, luliq Ar MU uuUh AS M xj
qW mokM
xcur mpa
Akr u mok lSzM M xcusr
MlU oM, mkl Mrsr,
112, e x UQ
oasU - 560 002

with a declaration and the connected documents


such as testimonials viz., Bio-data, qualification
certificates, experience certificates, copy of PAN,
latest Income Tax Return etc to
General Manager
Secretarial Department,
C&MDs Secretariat
Canara Bank, Head Office,
112, J C Road
Bangalore - 560002

M uwM xqlr oPM M iUZ x Mq x Mq 14 Sl


M mWs Aji AmU 2 oe, 6 esD 2013 M oM
Mr xqr M xqmi Wl M mWs Mx MrSux M
mxii MUl cWr| E lqMl m xU mWsA x mU
Wl cWL AU Cx lOx x xsal mm q lrliq 100
zrUkUM U ukui pU el cWL Alrj lqMl
AxuMU MU Sr eLa|
19. lqMl M xq:
M. lqMl m mmi MUl M sL lri iUZ M mUui
MrSux 8 esD 2013 M ElM xq M eLa
AU Mx lqMl M uklqlr lW mr ar W i
ExM MUh EssZi MUi WL Ex AxuMU MU Sr
eLa|
Z. pUir Ueu oM U SlM 01 luoU, 2007 ij 23
qD, 2011 M eU xu M rar u Eci qalSz
M AlxU AU pUi xUMU, u qsr U oM u
ur xxjA q AlkMUM lSzM M lqMl
M sL xqlr lir M AlxU lqMl M xq
oQ lqMl xqi U p M eLa|
a. clu U pU el us Ur M sL il W
lqMl W i Lx lqMi mirzr M iiMs
cl ar xqf eLa AU iSlxU ElM lq AU
mi mMzi Mr eLa| Lx xji q oPM q MD
clu lW Wa|
b. clu Arei M el us xji q cl el us
lSz M xZr M isl q ukqlr AkM W i
oWqi mmi Wl us mirz cl ar xqf era
AU ElM lq xqcU m q mMzi Mr era|

15

on a working day not less than fourteen days before


the date of the Annual General Meeting i.e. on or
before closing hours of the Bank i.e., 2 pm on 6th
July 2013. The said nomination forms should be
complete in all respects and should be duly filled in
by a minimum of 100 Shareholders in the format
annexed to this notice failing which, the nominations
are liable to be rejected.
19. SCRUTINY OF NOMINATIONS:
a) Nominations shall be scrutinized on Monday,
8th July 2013 the first working day following the
date fixed for receipt of the nominations and in
case any nomination is not found to be valid,
the same shall be rejected after recording the
reasons therefor.
b) Nominations shall also be subjected to scrutiny
by the Nomination Committee of the Board in
terms of the Fit and Proper Guidelines dated 01st
November, 2007 and 23rd May, 2011 issued by
the Reserve Bank of India as well as the General
Policies for nomination of Non Official Directors
in Banks and Financial Institutions as issued by
Ministry of Finance, Government of India from
time to time.
c) If there are only three valid nominations for the
vacancies to be filled by election, the candidates
so nominated shall be deemed to be elected
forthwith and their names and addresses shall
be published as so elected. In such an event
there shall be no election at the meeting.
d) In the event of an election being held, if valid
nominations are more than the number of
directors to be elected, the candidate polling the
majority of votes shall be deemed to have been
elected and their names will be published in
newspapers.

X. Lx cl ar lSzM M oU q xqf era M

e) The directors so elected shall be deemed to have


assumed office from 27th July, 2013.

ElWl 27 esD, 2013 M MraWh MU sr W|


c. MD uuS W i Ex MlU oM (zrU u oPM)
ulrq, 2000 M ulrq M 67 M AlxU lmO
Sr era|
20. lucl Mr 22 esD 2013 M
lSzM M lucl Wj SZl M AkU mU lW Wa
osM rW ami qim U Wa |
qim M uiUh Akr u mok lSzM M Cx xok
q bwh M iiMs oS AUp Wa e AmU 2.30 oe
iM r lucl M xcsl M sL lr qZr lucl
AkMU U lkUi uxiUi xqr iM eU UWa |
qiSl m M uiUh Cx Mr M sL xjmi MEOU
mU zrU kUM / mYx kUM / mkMi milkr M
meMUh M xqr eU M aD qim M umx ML el
mU Mr eLa | uO M xZr ElM U 21 el 2013
M kUi zrU M xZr M oUoU Wa |

f) If there is any dispute, the same will be settled as


per Regulation 67 of the Canara Bank (Shares and
Meetings) Regulations, 2000.
20. POLL PROCESS on 22nd July 2013
The Voting for election of directors will not be on the
basis of show of hands but shall be done by Poll by
means of Secret Ballot.
The issue of Ballot Paper will commence immediately
after an announcement in this regard is made by
the Chairman & Managing Director and continue
upto 2.30 p.m or such other extended time as may
be decided by the Chief Returning Officer appointed
for the conduct of Election. Ballot Papers shall
be issued at the Counters set up for this purpose
to the shareholders / Proxy holders / authorized
representatives on surrender of Ballot Paper issued
at the time of registration. The number of votes will
be equivalent to the number of shares held by them
on 21st June 2013.

zrUkUM U qim q Aml mxS M il EqqSuU


M lq M xql UoQ M qWU (X) saMU ElW qi
mOM(A) q QsMU Aml qikMU M mra Mr e
xMi W |

Shareholders may exercise their right by affixing


a rubber stamp (X) against the names of three
candidates of their choice in the Ballot Paper and
deposit them in the Ballot Box(es).

uO M ali Wl M oS Akr u mok lSzM U


mUhq M bwh M eLa |

The counting of votes would be taken up thereafter


and result would be announced by the Chairman &
Managing Director.

lucl M mU mr M xcsl Cx Mr M sL oM
U lr xui qZr lucl mSkMU U Mr eLa
ij CxM mruh MlS xUMU M lqi U M eLa
e mruM M m q Mr MUa |

The entire process of Election would be conducted by


Chief Returning Officer, an Independent Consultant
appointed for the said purpose by the Bank and
would be overseen by the Central Government
Nominee who will act as an Observer.

21. lSzM M MrMs:


rel M ZQ 9(4) M mUhq xum cl ar lSzM
il uw M sL mS M kUh MUa AU ml: clu M
sL m Wa|

21. TENURE OF DIRECTORS:


Pursuant to Clause 9(4) of the Scheme, an elected
director shall hold office for three years and shall be
eligible for re-election.

ozi M Lx lSzM lUiU 6 uw M Auk M sL mS

Provided that no such director shall hold office


continuously for a period exceeding six years.

kUh lW MUi W|

16

E Aklrq M kU 9(3L) AU (3 L L) M AmA


M mU lW MUl us, E Aklrq M kU 9(3) (i) M
iWi Lx cl ar lSzM M WOl M pUir Ueu oM M
AkMU mU Aklrq M kU 9(3 o) M AU zrUkUM
M krl AMwi Mr ei W|
22. lqMl M umx sr el:
MD mirz Aml lqMl umx s sl cWi W i
uW AmU 2 oe, vluU 20 esD 2013 M oM M
Mrxqr M xqmi Wl M mWs Lx MU xMi W|
23. AiU luci lSzM Mxulu M iUM

Attention of Shareholders is invited to Section 9 (3B) of


the Act, on the right of Reserve Bank of India to remove
a director so elected under Section 9 (3) (i) of the said
Act, who does not fulfill the requirements of Section 9
(3A) & (3AA) of the said Act.
22. WITHDRAWAL OF CANDIDATURE:
If any candidate desires to withdraw his/her
nomination, he/she would be entitled to do so at any
time prior to closing hours of the Bank on i.e., 2.00
p.m. on Saturday, the 20th July 2013.
23. MANNER OF RETIREMENT OF EXCESS ELECTED
DIRECTOR

M) oM q aU xUMU kUh oM M mS me M 16% u


32% x Mq W i oM oQ q Mus LM / S lSzM
M luci MUl M sL AW Wa |
Z) rel M ZQ 4L M AlxU AiU lSzM M
xZr M lkUh oMa Mml (Emq M AkaWh
u AiUh) Aklrq, 1970 M kU 9 M Em kU (3)
M ZQ (i) M AlxU Mr ei W ij Lx zrUkUM
(MlS xUMU x Alr) U luci lSzM M isr
lSzM xulu Wa AU xulu M q xox
AkM MrMs xqmi lSzM x z Wa;

a) In the event of the non governmental holding in


the Bank reducing below 16% / 32% of the paidup capital of the Bank, the Bank will be entitled
to have only one / two Directors on the Board of
the Bank.
b) In terms of Clause 4A of the Scheme the number of
excess director(s) shall be determined under the
second proviso to clause (i) of Sub-section (3) of
Section 9 of the Banking Companies (Acquisition
and Transfer of Undertakings) Act, 1970 and such
number of directors elected by the shareholders
(other than the Central Government) equal to
the number so determined shall retire, and the
order in which the directors shall retire, will begin
with the longest serving director;

ozi M, rS S r S x AkM lSzM M MrMs


isr W i, El lSzM q x AkM Arus lSzM
mWs xulu Wa |

Provided that, if two or more directors have


served for the same period of time, the older
among the said directors shall retire first.

24. lSzM M Wi
oM M lSzM rS clu sQi W i Lx xqf eLa
M u Emr MUoU qS q Wi UZa |

24. INTEREST OF DIRECTORS


Directors of the Bank may be deemed to be concerned
or interested in the aforementioned item of business
in case they contest the election.

lSzM qQs M ASz M U

By Order of the Board of Directors

Ueu MzU So
Akr u mok lSzM

Chairman and Managing Director

xjl : oasU
SlM : 10-6-2013

R. K. DUBEY

Place : Bengaluru
Date : 10-6-2013

17

lSzM M lu
lucl-xo Aklrq, rel AU
ulrq AS M xUz

ELECTION OF DIRECTORS EXTRACTS OF RELEVANT


ACTS, SCHEME AND REGULATIONS ETC.

oMa Mml ulrq Aklrq, 1949

In terms of Section 9 (3) (i) of The Banking Companies


(Acquisition and Transfer of Undertakings) Act, 1970,
Shareholder Directors shall have to be appointed
depending upon the extent of capital issued under
Clause (c) of Sub-Section 2 (B) of Section 3. The
relevant Sections of The Banking Companies Regulation
Act, 1949, the Banking Companies (Acquisition and
Transfer of Undertaking) Act, 1970, Nationalised Banks
(Management and Miscellaneous Provisions) Scheme,
1970 and relevant regulations of the Canara Bank (Shares
and Meetings) Regulations, 2000 respectively in this
regard, are reproduced below for the information of the
shareholders.

xqlr lSzM mU lwk: kU 16 (1)

THE BANKING REGULATION ACT, 1949

oMa Mml (Emq M AkaWh AU AiUh) Aklrq 1970


M kU 9(3)(i) M Alm kU 3 M EmkU 2(o) M ZQ (x)
M iWi eU M aD me M urmi M AkU mU zrUkUM
lSzM M lr Mr el W| oMa Mml ulrq Aklrq,
1949, oMa Mml (Emq M AkaWh AU AiUh) Aklrq
1970, UrMi oM (mokl u uuk mukl) rel 1970 M
xo kUA AU MlU oM (zrU u oPM) ulrq 2000 M
xo ulrq M zrUkUM M elMU M sL lc ml: Ei
Mr ar W|

pUi q laqi MD oMa Mml Aml lSzM qQs q


Mx Alr oMa Mml M lSzM M Aml lSzM M m q
lW sa|
Gh AU Aaq mU miok
kU 20
1.

Mml Aklrq, 1956 (1956 M 1) M kU 77 q lWi


Mx oi M u Wi WL MD p oMa MmlM. Aml ZS M zrU M mipi mU MD Gh r Aaq
qeU lW MUa|

Prohibition of Common Directors: Section 16 (1)


No banking company incorporated in India shall have as
a Director in its Board of Directors, any person who is a
Director of any other Banking Company.
Restrictions on loans and advances:
Section 20:
1. Notwithstanding anything to the contrary contained
in Section 77 of the Companies Act, 1956 (1 of 1956),
no banking company shall
a) grant any loans or advances on the security of its
own shares, or

Z. lql M r ElM m q Gh r Aaq qeU MUl M


sL Mx mMU M mioi q mu lW Wa:

b) enter into any commitment for granting any loan


or advance to or on behalf of

(i) ElM Mx lSzM

i)

(ii) MD Tq exq xfSU, mokM, MqcU r aUOU


M m q ExM MD lSzM Wi UZi W, r

ii) any firm in which any of its directors is


interested as partner, manager, employee or
guarantor, or

(iii) oMa Mml M Alwa lW Wl us MD Mml


r Mml Aklrq 1956 (1956 M 1) M kU
25 M iWi meMi Mml, r Mx xUMU Mml
exM Alwa r kUM Mml exM oMa
Mml M MD lSzM lSzM, mokl LeO,
mokM, MqcU r aUOU W r exq mrmi Wi
UZi W, r

iii) any company not being a subsidiary of the


banking company or a company registered
under Section 25 of the Companies Act,
1956 (1 of 1956), or a Government Company
of which or the subsidiary or the holding
company of which any of the directors of the
banking company is a director, managing
agent, manager, employee or guarantor or in
which he holds substantial interest, or

(iv) MD urYi exM xok q lSzM, xfSU r


aUOU W|

iv) any individual in respect of whom any of its


directors is a partner or guarantor.

18

any of its directors

2. eW oMa Mml U qeU Mr ar Gh r Aaq Cx


mMU M W M ex iUZ M Gh r Aaq Sr ar W,
Ex iUZ M EmkU (1) M ZQ (Z) muil q W i ExM
qeU el M sL MD uS lW Mr WA Wa r oMa
uk (Azkl) Aklrq 1968 (1968 M 58) M kU 5
M AUp Wl M oS Mx oMa Mml U qeU Mr ar
W, sMl Lx AUp Mr el M mWs Mr ar uS M
mUhqxum Gh r Aaq M MUh oMa Mml M Sr
Uzr ore M xj Gh r Aaq M qeU Mr el M
xqr Alo Auk M ASU r Lx Auk Alo lW M
aD W i Mji kU 5 M AUp Wl x LM uw M xqmi
Wl M mWs uxs MUl M MSq EPr eLa|
ovi M Mx xSp q Cx qqs q oMa Mml U
sZi m x AuSl Sr el mU Gh r Aaq M uxs
M Auk M pUir Ueu oM U Eci xqf el us
zi M Akl Lx iUZ iM oRra e Mji kU 5 M
AUp Wl x 3 uw M Auk M mU l W|
ovi M xoki lSzM qir, xuluii, iram r Alrj
oMa Mml M lSzM M mS M U MU Si W i rW
EmkU sa lW Wa|
3. EmkU (2) q xSpi MD Gh r Aaq r ExM MD pa
pUir Ueu oM M mu AlqSl M ol mwi lW Mr
eLa AU Lx AlqSl M ol Mr ar MD p mwh
zlr AU lwmpu Wa|
4. Mx ur U xSr EmkU (2) q xSpi MD Gh
r Aaq Ex EmkU q ulS Auk M ASU oMa
Mml M cMi lW Mr W io Lx ur Mji Auk
M xqmi Wl M iUZ M Lx oMa Mml M lSzM
W i xqf era M Exl Mji iUZ M Aml mS M
U MU Sr W|
xmMUh - Cx kU q
M. "Gh r Aaq" q Lx MD xuruWU zqs lW Wa
ex xuruWU M xupu, ex Auk M ASU AU Lx

19

2. Where any loan or advance granted by a banking


company is such that a commitment for
granting it could not have been made if Clause
(b) of Sub-Section (1) had been in force on the
date on which the loan or advance was made,
or is granted by a Banking Company after the
commencement of Section 5 of the Banking
Laws (Amendment) Act, 1968 (58 of 1968), but
in pursuance of a commitment entered into
before such commencement, steps shall be
taken to recover the amounts due to the banking
company on account of the loan or advance
together with interest, if any, due thereon within
the period stipulated at the time of the grant of
loan or advance, or where no such period has
been stipulated, before the expiry of one year
from the commencement of the said Section 5.
Provided that the Reserve Bank may, in any case
on any application in writing made to it by the
Banking Company in this behalf, extend the
period for the recovery of the loan or advance
until such date, not being a date beyond the
period of three years from the commencement
of the said Section 5 and subject to such terms
and conditions as the Reserve Bank may deem fit.
Provided further that this Sub-Section shall not
apply if and when the director concerned vacates
the office of the director of the banking company,
whether by death, retirement, resignation or
otherwise.
3. No loan or advance, referred to in Sub-Section (2),
or any part thereof shall be remitted without the
previous approval of the Reserve Bank, and any
remission without such approval shall be void
and of no effect.
4. Where any loan or advance referred to in SubSection (2), payable by any person, has not been
repaid to the banking company within the period
specified in that Sub-Section, then such person
shall, if he is a director of such banking company
on the date of the expiry of the said period, be
deemed to have vacated his office as such on the
said date.
Explanation In this Section
a) Loan or advance shall not include any
transaction which the Reserve Bank may, having

mUxjir eW xuruWU M MUh Sr Uz M uxs

regard to the nature of the transaction, the period


within which, and the manner and circumstances
in which, any amount due on account of the
transaction is likely to be realized, the interest
of depositors and other relevant considerations,
specify by general or special order as not being
a loan or advance for the purpose of this section.

Mr el M xpul W, eqMiA M Wi AU Alr


xo mWsA M qleU xqlr r uzw ASz U
Cx kU M sL Gh r Aaq M m q ulS lW
MUa|
Z. lS
lSzM
M q oMa Mml U pUi q aPi Mx oQ r

b) Director includes a member of any board or


committee in India constituted by a banking
company for the purpose of managing, or
for the purpose of advising it in regard to the
management of, all or any of its affairs.

xqi M xSxr zqs Wa, exM aPl ExM mokl, r


ExM mokl i M Cx Sz q mUqz Sl M sL Mr
ar W|
5. Cx kU M sL MD xuruWU Gh Wi W r Aaq Cx oU
q MD mzl mNi W i Ex pUir Ueu oM M xSpi
MUl W Ex mU elM lhr Aiq Wa|

oMa Mml (Emq M AkaWh AU AiUh)


Aklrq 1970
qiSl AkMU mU miok:
kU 3 (2 D)- MS xUMU M zrUkUM M NQMU lr oM M
MD p zrUkUM lr oM M xU zrUkUM M Ms qiSl
AkMU M Sx mizi M mU ExM U kU ar zrU M qqs
q qiSl AkMU M mra MUl M sL m lW Wa|
lSzM qQs M aPl

5. If any question arises whether any transaction is


a loan or advance for the purpose of this section, it
shall be referred to the Reserve Bank, whose decision
thereon shall be final.
THE BANKING COMPANIES (ACQUISITION AND TRANSFER
OF UNDERTAKINGS ) ACT, 1970
Restriction on Voting Rights :
Section 3 (2E) No shareholder of the corresponding new
Bank other than the Central Government shall be entitled
to exercise voting rights in respect of any shares held by
him in excess of ten per cent of the total voting rights of
all the shareholders of the corresponding new Bank.
Composition of the Board of Directors:
Section 9 (3) (i): Where the capital issued under clause (c)
of sub-section (2B) of Section 3 is: (i) Not more than sixteen per cent of the total paidup capital, one Director.

kU 9 (3)(i): eW kU 3 M EmkU 2(o) M ZQ x q lai


me:

(ii) More than sixteen percent but not more than


thirtytwo percent of the total paid-up capital,
two Directors.

(i) Ms mS me M 16% x AkM l W i LM lSzM |


(ii) Ms mS me M 16% x AkM sMl 32% x AkM
l W i S lSzM |
(iii) Ms mS me M 32% x AkM W i il lSzM
M Aml q x MlS xUMU M zrUkUM M NQMU
cl el W |
ovi M Cx ZQ M iWi Lx Mx lSzM M clu M oS
MrpU aWh Mr el mU ZQ (Lc) M iWi lqi lSzM
rel q ulS iUM M xq xZr q xulu Wa|

(iii) More than thirty two percent of the total paid-up


capital, three Directors.
to be elected by the shareholders, other than the Central
Government, from amongst themselves:
Provided that on the assumption of charge after election
of any such Directors under this clause, equal number of
Directors nominated under clause (h) shall retire in such
manner as may be specified in the scheme.

20

uxlri AU amlri
lri M m q Sriu:
kU 13 (2): lr oM M mirM lSzM, xjlM oQ r xqi
M xSxr r sZ mUM, mUqzSi, AkMU r Alr MqcU
Aml Miur q mu Wl M mWs ixU xc q mri m q
uxlri AU amlri M bwh MU|

NATIONALISED BANKS (MANAGEMENT AND


MISCELLANEOUS PROVISIONS) SCHEME, 1970

UrMi oM (mokl u uuk mukl)


rel, 1970

Clause 11: Vacation of Office of Director, etc.

ZQ 11: lSzM AS M mS U MUl


i.

Obligation as a Fidelity and Secrecy:


Section 13 (2): Every Director, member of a local board or
a committee, or auditor, advisor, officer or other employee
of a corresponding new bank shall, before entering upon
his duties, make a declaration of fidelity and secrecy in
the form set out in the Third Schedule.

i)

MD lSzM ZQ 10 q ulS Arari M SU x


aeUi W r oQ M Alqi M ol saiU il oPM
q Almxji Wi W i xqf ei W M Exl Aml
mS M U MU Sr W AU ExM mS U W era|

ii. Aklrq M kU 9 M EmkU (3) M ZQ (o) r ZQ


(x) q xSpi mok lSzM M zqs MUM Akr
r mhMsM lSzM MS xUMU M sZi m q
xci MUM Aml mS x iram Si W AU Ex xUMU
U Lx iram M xuMU el mU xqf ei W M
Exl Aml mS M U MU Sr W; AU MlS xUMU
M sZi m q xci MUM Aml mS x MD Alr
lSzM iram Si W i Lx iram MS xUMU U
ExM mmi Wl mU mpu Wa|
iii. Emr EmZQ M mukl M mukUh M ol Aklrq
9 M EmkU (3) M ZQ (D) r ZQ (LT) q xSpi
lSzM M mS exM uW lSzM W, Ex UrMi oM
M MqaU x Alr M NQMU MqaU r MqcU lW
UW ei W i xSpi lSzM M mS U W ei W|
iv. luci lSzM x Alr eW lSzM M mS q U
Ei Wi W i Aklrq M kU 9 M EmkU 3 M
Alm Ex pU era|
ZQ 11 L: luci lSzM M mS x WO Sl:
MlS xUMU x Alr zrUkUM Lx zrUkUM U pU aD
zrU me M LM - Ak x Mq lW Wl us zrU me M
kUh MUl us zrUkUM M oWqi U mUi xMsm U kU

21

If a Director becomes subject to any of the


disqualification as specified in Clause 10, or is
absent without leave of the Board for more than
three consecutive meetings thereof, he shall be
deemed to have vacated his office as such and
thereupon his office shall become vacant.

ii) The Chairman or a whole-time Director including


the Managing Director or a Director referred
to in Clause (b) or Clause (c) of Sub-Section (3)
of Section 9 of the Act may resign his office by
giving notice thereof in writing to the Central
Government and on such resignation being
accepted by that Government shall be deemed
to have vacated his office; and any other Director
may resign his office by giving notice thereof
in writing to the Central Government and such
resignation shall take effect on the receipt of the
communication of the resignation by the Central
Government.
iii) Without prejudice to the provision of the
foregoing Sub-Clauses, the office of the Director
referred to in Clause (e) or Clause (f) of SubSection (3) of Section 9 of the Act shall become
vacant as soon as the Director ceases to be a
workman or an employee, other than a workman
of the Nationalized Bank of which he is a Director.
iv) Where any vacancy occurs in the office of a
Director, other than an elected director, it shall
be filled in accordance with Sub-Section (3) of
Section 9 of the Act.
Clause 11A: Removal from Office of an Elected Director:
The Shareholders, other than the Central Government,
may, by a resolution passed by the majority of votes of
such Shareholders holding in aggregate, not less than
one-half of the share capital held by all such Shareholders,

9 M EmkU 3 M ZQ (L) M iWi luci Mx lSzM M


WOMU Ex U M pUl M sL ExM oSs q Alr urr M
cl xMi W|
ZQ 11 o: luci lSzM M mS q U M pUl:
1.

luci lSzM M mS M MrMs xqmi W el M mWs


MD U Ei Wi W i Ex lucl U pU era; ozi

remove any Director elected under Clause (i) of SubSection (3) of Section 9 and elect instead of another
person to fill the vacancy.
Clause 11 B: Filling of Vacancy in the Office of an Elected
Director:
1. Where any vacancy occurs before the expiry of the
term of office of a elected Director, the vacancy shall
be filled in by election;

M U Auk N: qWl x Mq Wl M xpul W i Ex

Provided that where the duration of vacancy is likely


to be less than six months, the vacancy may be filled
in by the remaining directors.

zw lSzM U pU er|
2. ex p xji W EmZQ (1) q luci r zqs Mr
ar ur ExM muui lSzM M zw Auk iM mS
xpsa|
lSzM U WikUh M mMO Mr el:
ZQ 12(8): UrMi oM U r ExM m q mu Mx
xuS, Gh, mokl r mxiu q mir r Amir m x Wi
UZl us lSzM xo mUxjir M oU q ExM elMU q
Al M oS eil zb W xM oQ M Aml Wi M xupu M
oU q mMO MUa AU elMU mmi MUl M sL Alr lSzM
U ExM Emxji M Am lW M ei i Lx, xuS, Gh,
mokl r mxiu mU cc M el us oQ M oPM q Emxji
lW Wa AU Emxji Wl Ami MD p lSzM Lx xuS,
Gh, mokl r mxiu mU qiSl lW MUa|
ozi M uW:
(i) Mml Aklrq 1956 (1956 M 1) q mUpwi Mx
xuelM Mml q mS me M S mizii x AlkM

2. A person elected or co-opted as the case may


be, under Sub-Clause (1) shall hold office for the
un-expired portion of the term of his predecessor.
Disclosure of Interest by Directors:
Clause 12 (8): A Director who is directly or indirectly
concerned or interested in any contract, loan, arrangement
or proposal entered into or proposed to be entered into
by or on behalf of the Nationalized Bank shall, as soon as
possible after the relevant circumstances have come to
his knowledge, disclose the nature of his interest to the
Board and shall not be present at the meeting of the Board
when any such contract, loan, arrangement or proposal
is discussed unless his presence is required by the other
Directors for the purpose of eliciting information and no
Director so required to be present shall vote on any such
contract, loan, arrangement or proposal.
Provided that nothing contained in this Sub-Clause shall
apply to such Director by reason of his being:
i)

kUh MUl us zrUkUM (lSzM x Alr) r pUi q


xmi muil Mx uk M iWi xjmi Mx laq r
xWMU xxj CxM xj UrMi oM xuS, Gh, mokl
r mxiu q mu WA W r mxiu MUi W|
(ii) Aklrq M kU 9 M EmkU (3) M ZQ (D) r ZQ (LT)
q xSpi lSzM W i UrMi oM M MD AkMU r
Alr MqcU W i Lx lSzM mU Lx EmZQ q lWi MD
ijr sa lW Wa|

A shareholder (other than a Director) holding not


more than two percent of the paid up capital in any
public company as defined in the Companies Act,
1956 (1 of 1956), or any corporation established by
or under any law for the time being in force in India
or any Co-operative Society, with which or to which
the nationalized Bank has entered into or made
or proposes to enter into or make, a contract, loan,
arrangement or proposal, or

ii) An officer or other employee of the nationalized bank,


if he is a Director referred to in Clause (e) or Clause (f)
of Sub-Section (3) of Section 9 of the Act.

22

MlU oM (zrU u oPM) ulrq, 2000

CANARA BANK (SHARES AND MEETINGS)


REGULATIONS, 2000

Akrr II
zrU u zrU mer

CHAPTER II
SHARES AND SHARE REGISTER

10. xr kUM M AkMU M mra:


MD zrU LM r AkM urr M lq x UW W i UexOU
q mWs lq Se Mr ar ur M xqf eLa M uW
zrU M AiUh M NQMU qiSl, spz mmi MUl, xcl
mwh AU MlU oM x xo MD AU qqs q LMs
zrUkUM W|

10. Exercise of Rights of Joint Holders:


If any share stands in the names of two or more
persons, the person first named in the register shall,
as regards voting, receipt of dividends, service of
notices and all or any other matters connected with
Canara Bank except the transfer of shares, be deemed
to be sole holder thereof.
CHAPTER IV
MEETING OF SHAREHOLDERS

Akrr IV
zrUkUM M oPM
61. xqlr oPM q qiSl
(i) Mx xqlr oPM q qiSl M sL mxii Mr ar
xMsm mU, qiSl Ami lW W i Wj SZl M U
lhr sr era|
(ii) Aklrq M mukl M Alrj xqlr oPM M xql
mxii Mr ar WU qqs mU oWqi U lhr sr
era|
(iii) Em ulrq (i) M iWi qiSl Ami lW Wi i oPM
M Akr M Cx Azr M bwh M Wj SZl M
U xMsm uzw M LMqi x r oWqi uzw M xj
Amlr ar W r Amlr lW ar W AU Lx xMsm
M m q r u mmi qi M xZr AU Almi M
xr M ol MruW M Mruii UWl us oWr q
Cx Azr M mu Ex ijr M lwMwiqM xr Wa|
(iv) Wj SZMU Mx xMsm mU Mr ar qiSl M mUhq
M bwh M mWs r Mr el mU oPM M Akr U
qiSl M ASz Sr e xMi W AU urai m x
r mYx U Emxji Mx zrUkUM r zrUkUM U
Ex Azr x M aD qa mU qiSl mmi MUl M sL
AS Wa|

61. Voting at General Meeting.


(i) At any general meeting, a resolution put to the vote
of the meeting shall, unless a poll is demanded, be
decided on a show of hands.
(ii) Save as otherwise provided in the Act, every matter
submitted to the general meeting shall be decided by
a majority of votes.
(iii) Unless a poll is demanded under sub-regulation (i),
a declaration by the Chairman of the meeting that
a resolution on show of hands has or has not been
carried either unanimously or by a particular majority
and an entry to that effect in the books containing
the minutes of the proceedings, shall be conclusive
evidence of the fact, without proof of the number or
proportion of the votes cast in favour of, or against
such resolution.
(iv) Before or on the declaration of the result of the
voting on any resolution on a show of hands, a poll
may be ordered to be taken by the Chairman of the
meeting of his own motion, and shall be ordered to
be taken by him on a demand made in that behalf by
any shareholder or shareholders present in person or
by proxy and holding shares in the Bank which confer
a power to vote on the resolution not being less than
one fifth of the total voting power in respect of the
resolution.

(v) qiSl M qa MUl us ur r urr U qiSl M


qa Mp umx s e xMi W|

(v) The demand for a poll may be withdrawn at any time


by the person or persons who made the demand.

(vi) oPM M Axjal r Akr M clu M mzl mU qa


ar clu iiMs Wa|

(vi) A poll demanded on a question of adjournment or


election of Chairman of the meeting shall be taken
forthwith.

23

(vii) Mx Alr mzl mU qa ar qiSl oPM M Akr M


lSz M AlxU sr era, e qa Mr xqr x 48
bO M oS l W|

(vii) A poll demanded on any other question shall be


taken at such time not being later than forty-eight
hours from the time when the demand was made,
as the chairman of the meeting may direct.

(viii) qiSl MUl M sL ur uzw M rari AU qiSl


Amlr el M xSp q p ur uzw Mil qi Sl
M sL xq Wa, Cl mU oPM M Akr M lhr
Aiq Wa|

(viii) The decision of the Chairman of the meeting as to


the qualification of any person to vote, and also in
case of a poll, as to the number of votes any person
is competent to exercise shall be final.

Akrr V
lSzM M lucl
63. xqlr oPM q luci Mr el us lSzM:
i)

Aklrq M kU 9 M EmkU 3 M ZQ (i) M


iWi MS xUMU M NQMU UexOU mU UWl us M
U zrUkUM q x MlU oM M xqlr oPM q
lSzM M cl era|

CHAPTER V
ELECTION OF DIRECTORS
63. Directors to be elected at General Meeting:
i) A Director under Clause (i) of Sub-Section (3)
of Section 9 of the Act shall be elected by the
Shareholders on the register, other than the
Central Government, from amongst themselves
in the General Meeting of Canara Bank.
ii) Where an election of a Director is to be held at
any General Meeting, the notice thereof shall be
included in the notice convening the meeting.
Every such notice shall specify the number
of Directors to be elected and the particulars
of vacancies in respect of which the election is to
be held.

ii) Mx xqlr oPM q lSzM M lucl Mr el


W i ExM xcl oPM Arei MUl M xcl q
zqs M era| Lx mirM xcl luci Mr
el us lSzM M xZr AU el Ur M sL
clu Mr e UW W, ElM orU p ulS MU|
64. zrUkUM M xc:
i)

Cl ulrq M ulrq 63 M Em-ulrq (i) M


iWi lSzM M luci MUl M sL El zrUkUM
M xc olD era, elM U lSzM M clr
el W|

64. List of Shareholders:


i) For the purpose of election of a Director
under Sub-Regulation (i) of Regulation 63 of
these regulations, a list shall be prepared of
shareholders on the register by whom the
Director is to be elected.
ii) The list shall contain the names of the
shareholders, their registered addresses, the
number and denoting numbers of shares held by
them with the dates on which the shares were
registered and the number of votes to which
they will be entitled on the date fixed for the
meeting at which the election will take place and
copies of the list shall be available for purchases
atleast three weeks before the date fixed for the
meeting at a price to be fixed by the Board or the
Management Committee, on application at the
Head Office.

ii) xc q zrUkUM M lq, ElM meMi mi, zrU


M meMi MUl M iUZ M xj ElM U kU
ar zrU M xZr AU uz xZrL AU lucl
Arei M el us oPM M sL lri iUZ mU
u Mil qi M sL m Wa, ExM xZrL Wa|
AU xc M mir oQ r mokl xqi U lri
qsr mU oPM M sL lri iUZ M mWs Mq x
Mq il Wni M mWs mkl Mrsr q Emsok
Wa|
67. lucl xok uuS:
i)

luci xqf r luci bwi Mr elus ur


uzw M rari r Arari M oU q, r lSzM
M lucl M ukqlri M oU q MD xSW r

67. Election Disputes:


i) If any doubt or dispute shall arise as to the
qualification or disqualification of a person
deemed or declared to be elected, or as to the

24

uuS Eim W i Lx lucl q qiSl MUl M sL


m mirv r zrUkUM Wl us MD CcNM ur,
Lx clu M mUhq M bwh ij M xi Sl
M ASU Akr r mok lSzM M sZi m x
xci MUa AU Mji xcl q el oi M AkU
mU lucl M ukqlri mU uW xSW MU UW W r
uuS ZQ MU UW W|
ii) Em ulrq (i) M iWi xcl mmi Wl mU Akr
u mok lSzM r ElM Almxji q MlU oM
M MrmsM lSzM Lx xqi M lhr M sL
Lx xSW r uuS M xSpi MUa, exq Akr
u mok lSzM r ElM Almxji q MrmsM
lSzM AU Aklrq M kU 9 M EmkU M ZQ
(o) AU (x) M iWi lqi MD S lSzM Wa|
iii) Em ulrq (ii) q xSpi xqi ExM U AuzrM
xqf el us mN-iN MUa AU rS uW rW
qWxx MU M clu ukqlr W, i uW lucl
M mUhq bwi MUa r clu M ukqlr lW
qWxx MUi W i uW ec-mQis M z M 30
Sl M ASU Ex xai sal us mUxjir q
lr xU x lucl Arei MUl M xj-xj Lx
ASz AU lSz S xMi W|
iv) Cx ulrq M mUhqi: Lx xqi M ASz AU
lSz Aiq Wa|

ii) On receipt of an intimation under Sub-Regulation


(i), the Chairman and Managing Director or in his
absence, the Executive Director of Canara Bank
shall forthwith refer such doubt or dispute for the
decision of a committee consisting of the Chairman
& Managing Director or in his absence, the Executive
Director and any two of the Directors nominated
under Clause (b) and (c) of Sub-Section (3) of Section
9 of the Act.
iii) The committee referred to in Sub-Regulation (ii)
shall make such enquiry as it deems necessary and
if it finds that the election was a valid election, it
shall confirm the declared result of the election or, if
it finds that the election was not a valid election, it
shall, within 30 days of the commencement of the
enquiry, make such order and give such directions
including the holding of a fresh election as shall in
the circumstances appear just to the committee.
iv) An order and direction of such committee in
pursuance of this regulation shall be conclusive.

Akrr VI
zrUkUM M qiSl AkMU:
68. qiSl AkMU M lkUh:
i)

validity of the election of a director, any person


interested, being a candidate or shareholder
entitled to vote at such election, may, within
seven days of the date of the declaration of the
result of such election, give intimation in writing
thereof to the Chairman and Managing Director
of Canara Bank and shall in the said intimation
give full particulars of the grounds upon which
he doubts or disputes the validity of the election.

Aklrq M kU 2(D) q lWi mukl M Akl xqlr


oPM M ij M mWs UexOU oS MU Sr el M iUZ
M zrUkUM M m q meMi mirM zUrkUM M Lx
oPM q Wj SZl mU LM qi mmi Wa AU qiSl
Arei Mr el mU ExM U kU ar mirM zrU M
sL LMqi Wa |

ii) Aklrq M kU 3 (2D) q lWi mukl M Akl


Emr AlxU qi Sl M sL m mirM zrUkUM, e
Mml l W, e urz: r mYx U Emxji W r
Mml W i ukui mkMi milk U r mYx U
Emxji W, M Wj SZl mU LM qi mmi Wa AU
qiSl Arei Mr el mU ExM U kU ar mirM
zrU M sL LM qi Wa| ex Emr Emulrq (i) q
oir ar W |

25

CHAPTER VI
VOTING RIGHTS OF SHAREHOLDERS
68. Determination of Voting Rights:
i) Subject to the provisions contained in Section 3 (2E)
of the Act, each shareholder who has been registered
as a shareholder on the date of closure of the register
prior to the date of a General Meeting shall, at such
meeting, have one vote on show of hands and in
case of a poll shall have one vote for each share held
by him.
ii) Subject to the provisions contained in Section 3
(2E) of the Act, every shareholder entitled to vote as
aforesaid who, not being a company, is present in
person or by proxy or who being a company is present
by a duly authorized representative, or by proxy shall
have one vote on a show of hands and in case of a
poll shall have one vote for each share held by him as
stated hereinabove in Sub-Regulation (i).

xmMUh-Cx Akrr M sL "Mml" M Aj Mx p


laq lMr x W|

Explanation for this Chapter, Company means


any body corporate.

iii) xqlr oPM q Emxji WMU qi Sl M sL m oM


M zrUkUM ElM oSs q Emxji WMU qi Sl M sL
mYx M m q Alr ur (zrUkUM W r l W) lr
MUl M sL m Wa AU Lx lr mYx M oPM q
oi MUl M AkMU lW Wa|

iii) Shareholders of the Bank entitled to attend and vote


at a general meeting shall be entitled to appoint
another person (whether a shareholder or not) as his
proxy to attend and vote instead of himself; but a
proxy so appointed shall not have any right to speak
at the meeting.

69. ukui mkMi milk U qiSl:

69. Voting by Duly Authorised Representative:

i)

MS xUMU r Mml Wl us zrUkUM ex p xji


W mxiu U zrUkUM M Mx xqlr oPM q Aml
milk M m q Aml Mx AkMU M r Alr ur
M mkMi MU xMi W AU Cx mMU mkMi ur (Cl
ulrq q ukui mkMi milk MW ar)| mkMi
ur MS xUMU r ex Mml M uW milkiu MU UW
W, ExM iUT x ElW AkMU M Emra MUl M sL
m Wa, ex uW MlU oM M ur zrUkUM W| Cx
mMU Sr ar mkMU uMsmi: S urr M m q
W xMi AU Lx xji q Lx urr q x MD LM
ur MS xUMU r Mml M ukui mkMi milk
M pqM lp xMi W|

ii) MD p ur Ex mkMi milk M m q ukui


lr MUl us mxiu M mi mU ex oPM q Ex mUi
Mr ar W, ExM Akr U ExM xir mism Wl M
Azr M mqhl M ol AU Ex oPM M lri iUZ
M cU Sl mWs MlU oM M mkl Mrsr q eq
lW Mr ei W i ukui mkMi milk M m q
MlU oM M zrUkUM M oPM q Emxji lW Wa
r qi Sa|
70. mYxr:
i)

i)

A shareholder, being the Central Government or a


company, may by a resolution, as the case may be,
authorize any of its officials or any other person to
act as its representative at any General Meeting
of the shareholders and the person so authorized
(referred to as a duly authorized representative in
these regulations) shall be entitled to exercise the
same powers on behalf of the Central Government
or company which he represents, as if he were
an individual shareholder of Canara Bank. The
authorization so given may be in favour of two persons
in the alternative and in such a case any one of such
persons may act as a duly authorized representative
of the Central Government / Company.

ii) No person shall attend or vote at any meeting of the


shareholders of Canara Bank as the duly authorized
representative of a company unless a copy of the
resolution appointing him as a duly authorized
representative certified to be a true copy by the
Chairman of the meeting at which it was passed
shall have been deposited at the Head Office of the
Canara Bank not less than four days before the date
fixed for the meeting.

ur zrUkUM M qqs q ExM U r sZi m


x ukui mkMi AOl r xr kUM M qqs
q UexOU q mjq zrUkUM M m q lq sZ ar
zrUkUM r ExM ukui mkMi AOl U r laq
lMr M qqs q ExM AkMU r sZi m x
ukui mkMi AOl U WxiU lW Mr ar W i
MD p mYx m ukqlr lW Wa|

70. Proxies:
i) No instrument of proxy shall be valid unless, in the
case of an individual shareholder, it is signed by him
or by his attorney duly authorized in writing or in the
case of joint holders, it is signed by the Shareholder
first named in the register or his attorney duly
authorized in writing or in the case of the body
corporate signed by its officer or an attorney duly
authorized in writing;

ozi M MD mYx m Mx zrUkUM, e Mx


MUhuz, Aml lq sZl q Axqj W, U mrmi:
WxiUi Wa, rS ExM cWl Ex mU AMi WMU
Mx lrrkz, qexOO, LzrUx M UexOU r EmUexOU, Alr xUMU Uemi AkMU r MlU oM M
Mx AkMU U Akmqhi Mr ei W|

Provided that an instrument of proxy shall be


sufficiently signed by any shareholder, who is, for any
reason, unable to write his name, if his mark is affixed
thereto and attested by a Judge, Magistrate, Registrar
or Sub-Registrar of Assurances or other Government
Gazetted Officer or an Officer of Canara Bank.

26

ii) ukui xOqm WMU ExM mi oPM M sL lri iUZ


x cU Sl mWs Lx qZiUlq r Alr mkMU (rS
W i) mWs W MlU oM q eq AU meMi lW Mr
ar W i, exM iWi Ex mU WxiU Mr ar W Ex
qZiUlq r mkMU M mi ex xir mism Wl M
Azr x lOU mosM r qexOO U mqhi Mr W
M xj MlU oM M mkl Mrsr q eq lW M ei
i MD p mYx ukqlr lW Wa |
iii) Tq o q l W i MD p mYx m ukqlr lW Wa|
iv) MlU oM q eq Mr ar mYx m umx lW Wa
AU Aiq Wa|
v) uMsmi: S urr M m q qeU Mr ar W i LM
x AkM Tq lwmSi lW Wa|
vi) Cx ulrq M iWi mYx m Sl us uW m ex
oPM x xoki W Exq urz: qi Sl M sL m lW
Wa|

ii) No proxy shall be valid unless it is duly stamped


and a copy thereof deposited at the Head Office of
Canara Bank not less than four days before the date
fixed for the meeting, together with the power of
attorney or other authority (if any) under which it is
signed or a copy of that power of attorney or other
authority, certified as a true copy by a Notary Public
or a Magistrate, unless such a power of attorney
or the other authority is previously deposited and
registered with Canara Bank.
iii) No instrument of proxy shall be valid unless it is in
Form B.
iv) An instrument of proxy deposited with Canara Bank
shall be irrevocable and final.
v) In the case of an instrument of proxy granted in
favour of two grantees in the alternative, not more
than one form shall be executed.
vi) The grantor of an instrument of proxy under this
regulation shall not be entitled to vote in person at
the meeting to which such instrument relates.

vii) MlU oM M Mx AkMU r MqcU M ukui


mkMi milk r mYx M m q lrYi lW Wa|

vii) No person shall be appointed as duly authorized


representative or a proxy who is an officer or an
employee of Canara Bank.

pUir Ueu oM M Akxcl - QoAQ x. ox. x.


46/29.39.001/2007-08 AU QoAQ x. 47/29.39.001/
2007-08, SlM 01 luqoU 2007 AU QoAQ x.
ox.x. 95/29.39.001/2010-11 SlM 23 qD, 2011:

Notification of Reserve Bank of India DBOD No. BC No.


46/29.39.001/2007-08 & DBOD No. 47/29.39.001/200708, dated 01st November, 2007 and DBOD No. BC. No.
95/29.39.001/2010-11 dated 23rd May, 2011:

pUir Ueu oM l lqlai Akxci Mr W:

The Reserve Bank of India has notified as under:

CxM sL oM M lSzM qQs U lr lqMl xqi


U rar AU Eci W xri lW S ei i MD p lqMl
ukqlr lW Wa| lqMl M xj z rari, Alpu AU
uzw l M AU mirzr M uxlri M qqs q
rar AU Eci Wxri lkUi MUl M sL lqMl xqi
M xqj oll M sL mirzr M oU q AiU xcl
Wl cWL| Mx mkMU r lrM Lex M miMs
AusMl r Mx oM r u xxj M Gh M cM r
Susr xoki mirz M oM M lSzM M m q cl
el M sL Arar AU Alci olra|

No nomination shall be valid unless Fit and Proper status


is accorded by the Nomination Committee appointed by
the Board of Directors of the Bank for this purpose. The
Nominations should accompany additional information
about the candidates to enable the Nomination
committee to decide on the Fit and Proper status with
regard to educational qualification, experience and
field of expertise, track record and integrity of the
candidates. Adverse notice of any authority / regulatory
agency or insolvency or default of any loan from any
bank or financial institution would make the respective
candidate unfit and improper to be elected as a director
on the Board.

Gh u Aaq mU qxOU mUm (AUoAD/2012-13/79


QoAQ x. QADAU.ox.4/13.03.00/2012-13) SlM
02 esD, 20122012 lSzM M UziSU M Gh u Aaq
M qeU

27

Master Circular on Loans and Advances (RBI/2012-13/79


DBOD.No.Dir.BC.4/13.03.00/2012-13) dated 2nd July 2012
- Granting loans and advances to relatives of Directors.

mai M fsM / PROGRESS AT A GLANCE

(Uz ` MUQ q / Amount in ` Crore)

2010-11

2011-12

2012-13

mS me / Paid-up Capital
443
AUi lkr / Reserves
19597
Ms eqL / Aggregate Deposits
293437
u (%) / Growth (%)
25.05
Alux eqL / Non-Resident Deposits
12884
uSz MUoU / Foreign Business Turnover
124095
Aaq (lus) / Advances (Net)
211268
u (%) / Growth (%)
24.76
ZSU Aaq / Retail Advances
25259
mjqMi Aaq / Priority Sector Advances
62108
Mw / Agriculture
26305
Mw (xuiUh) / Agriculture(Disbursal)
22374
xq, sb u qkrq Eq / Micro, Small and Medium Enterprises
37684
Q AU AD rel M iWi Aaq / Advances under DRI Scheme
52
Ae / Aee aWM M Aaq / Advances to SC/ST Clients
5087
lri xZ / Export Credit
10489
Ms Ar / Total Income
25752
Ms urr / Total Expenditure
19660
mUcsl sp / Operating Profit
6091
lus sp / Net Profit
4026
zZA M xZr / Number of Branches
3257
LOLq M xZr / Number of ATMs
2216
aWM AkU ( MUQ q) / Clientele (In crore)
3.87
Ms MqcUr M xZr / Total Number of Staff
43397
xur xWri xqW (xZr) / Self Help Group (Nos.)
351000
qZr MrlwmSl Almi (%) / Key Performance Ratios (%)
15.38
me mrmii Almi / Capital Adequacy Ratio
mi zrU Ael (`) / Earnings Per Share (`)
97.83
oW qsr (`) / Book Value (`)
359.25
mi MqcU MUoU (` MUQ q ) / Business Per Employee (`crore)
11.96
mi MqcU sp (` sZ q ) / Profit Per Employee (` lakh)
9.76
Axi Axir mU UOl / Return on Average Assets
1.42
sai-Ar Almi / Cost-Income Ratio
42.05
xMs Ll m L Almi / Gross NPA Ratio
1.49
lus Ll m L Almi / Net NPA Ratio
1.10
xZ- eq Almi / Credit - Deposit Ratio
72.00
mjqMi xZ- xqrei lus oM xZ / Priority Credit to Adjusted Net
Bank Credit
38.69

443
22247
327054
11.46
13762
144662
232490
10.04
24782
67383
31946
27327
34893
58
4293
10382
33778
27835
5943
3283
3600
2858
4.20
42272
371000

443
24435
355856
8.81
17164
143795
242177
4.17
23084
78998
40786
33730
37016
67
5179
10067
37231
31341
5890
2872
3728
3526
4.70
42693
398000

13.76
74.10
429.51
13.74
8.21
0.95
44.02
1.73
1.46
71.09

12.40
64.83
490.56
14.20
6.96
0.77
46.61
2.57
2.18
68.05

33.45

35.30

28

lSzM M UmO
2012-2013
DIRECTORS REPORT

29

lSzM M UmO: 2012- 13

DIRECTORS REPORT: 2012-13

lSzM qQs U rj 31 qc, 2013 M Auk M sL islm


u rj 31 qc, 2013 M xqmi ur uw M sL sp u Wl
sZ xWi 44u uwM UmO xWw mxii M e UW W |

The Board of Directors have pleasure in presenting the


44th Annual Report together with the Balance Sheet as
on 31st March, 2013 and Profit and Loss Account for the
financial year ended March 31, 2013.

mokl ucU-uqz u uzswh

MANAGEMENT DISCUSSION AND ANALYSIS

I.

ur mUu
mUuz
pUir Ajuruxj saiU SxU uw q p qQUO UW |
MSr xZrM xaPl (xLxA) U eU M aD Aliq
Alql M AlxU uw 2012-13 M sL eQm u uw
2011-12 M 6.2% M isl q 5% Alqli W | Mw
AU Ea qz: 1.9% (3.6%) u 2.1% (3.5%) u
mmi M | xu q u SU Mq WMU 7.1% (8.2%)
UW | Ea M iWi oes, ax AU es Ami 4.2%
(6.5%), lqh 1% (2.7%) u Se M | xu, urmU,
WOs, mUuWl u xcU 6.4%(7%) u Se M, url,
oq, xjuU xmS u MUoU xuL 8.6% (11.7%) u Se
M ij xqSr, xqeM u urai xu 6.6%(6%) u
Se M |

I.

ECONOMIC ENVIRONMENT
Indian economy moderated for the second
consecutive year. As per the provisional estimates
released by the Central Statistical Organization (CSO),
GDP growth for 2012-13 estimated at 5% compared
to 6.2% in 2011-12. Agriculture and industrial sectors
grew by 1.9% (3.6%) and 2.1% (3.5%) respectively.
Growth in services sector decelerated to 7.1% (8.2%).
Under industry segments, while electricity, gas and
water supply grew by 4.2% (6.5%), manufacturing
sector grew by 1% (2.7%). Under Services, trade,
hotels, transport and communications grew by 6.4%
(7%), financing, insurance, real estate and business
services grew by 8.6% (11.7%) and community, social
and personal services grew by 6.6% (6%).
Inflation, which remained at an elevated level during
2012 eased significantly during the last quarter of
the financial year. During 2012-13, WPI inflation
moderated to an average of 7.3% as compared to 8.9%
in the previous year. Food and Fuel price inflation was
the source of upward pressure on overall inflation
during the year though non-food manufactured
products inflation declined in the latter half of the
financial year.

2012 M SUl Fc xiU mU ol UW qSxTi, ur uw


M Aiq iqW q Rs W ar | uw 2012-13 M SUl
mNs uw M 8.9% Misl q QosrmAD qSxTi 7.3%
mU qQUO UW | uw M SUl xqa xTi qS FmU ol UWl
M qZr MUh Z AU Dkl q WD qSxTi j ij
ur uw M EUk q aU Z EimS M qSxTi q
aUuO AD W |
uw M SUl uSz urmU LM lUzelM mSzl SZ
AU Cxq xkU M xMi ur uw 13 M cj iqW q
W SZ | uherM Axcl u xZrM qW lSzsr x
eU M aD Aliq QO M AlxU, Ams-qc 2012-13
M SUl pUi M qs M lri 1.8% bOMU 301 osrl
rLx $ W ar, e uM AliiA ij MqeU oWU
qa M MUh uw M sL lkUi M aD 360 osrl rLx
$ M sr x MT Mq W | Alr M xj bUs uMx q
qS uw M SUl lri M mpui Mr, exM qsrMl
sapa 0.4% nsO u M xj 491 osrl rLx $ Mr
ar j | urmU bO uw 2011-12 M 183 osrl rLx
$ M isl q uw 2012-13 M SUl 191 osrl rLx $
iM oR | cs Zi bO q u ci M Alr j e
ur uw M ixU iqW q 6.7% iM oR ar e uw
2012-13 M sL 5% Alqli j |

External trade sector witnessed a dismal performance


during the year with signs of recovery seen only
during Q4 FY13. As per the provisional data released
by the Directorate General of Commercial Intelligence
and Statistics (DGCI&S), during April-March 201213, merchandise exports of India declined by 1.8% to
US$301 billion much lower than the US$360 billion
exports target set for the year, owing mainly to global
uncertainties and weak external demand. Slowdown
in domestic growth, among others, affected imports
during the year, which was valued at US$491 billion,
with almost flat growth at 0.4%. Trade deficit widened
to US$191 billion in 2012-13, higher than US$183
billion deficit in 2011-12. Rising current account
deficit was another area of concern, which rose to an
all time high of 6.7% in Q3 FY13, is expected to be 5%
for 2012-13.

30

uM u Sz q uMx M xj pUir ur oeU


p Aa oRi UW| uw M SUl DYuO, qrcAs TQ ij
AWimmi xxjai xjml eU MUl M qkrq x xxkl
LMMUh M MUh mjqM oeU xqlrir kq UW |
qeoi LTADAD AiU muW, uzwir ur uw M ir
Akuw q uSz ulqr ij DYuO oeU M mupxi
Mr | cslk Sou M oueS p qS oeU xjU
UW | uw M Aiq iqW q e-xM Ar Mq UW sMl
uw M xqmi mU MN u SZ ar | mL uw M SUl
AU qsrxi WMU qc 2012 M `51.16 M isl q qc
2013 q `54 UW |

The financial markets in India moved in tune with the


developments witnessed in the global and domestic
fronts. Primary markets generally remained subdued
during the year, though resource mobilization
through equity issue, mutual funds and qualified
institutional placements was witnessed during the
year. Strong FII inflows, especially during the second
half of the financial year, augured well for the foreign
exchange and equity markets. Money markets
remained stable, despite liquidity pressures. G-sec
yields softened during the last quarter of the year,
with some increase noticed at the year-end. Rupee
has further depreciated during the year from `51.16
in March 2012 to `54 level in March 2013.

MlOM q AjM mUuz


MlOM pUi q xukM uMxzs Uer q x LM W |
AiUr xiU mU mii xcl u eu-maM Mmlr M
sL uZri rW Uer up AaM rMsm, mZri
Alxkl u uMxzs xxjA u Mzs qluz M MS
W | MlOM M AjM xuh 2012-13 M AlxU, uw
2012-13 M SUl Alql sar ar W M xMs Uer Sz
EimS (eLxQm) q uxiuM u mNs uw M 5.5% M
islq 5.9% Wa | MlU oM M ESaq MlOM Uer q
Wl M li Exl Cx Uer q Aml liiu xjl olr UZ |
oM, Uer q Aml 706 zZA ij 725 LOLq M eUL
mrmi xZr q sa M ur xuL mSl MUl q mqZ
pqM AS MUi A UW W | oM M Ms Sz MUoU q
Uer M raSl 16% UW | Uer q oM M Ms MUoU
`88738 MUQ UW exq rj qc 2013 M `55031 MUQ
eq AU `33707 MUQ Aaq UW |

Economic Environment in Karnataka


Karnataka is one of the progressive States in India.
Widely acclaimed for its internationally reputed
Information and Bio-technology companies, the
State is home to varied industrial activities, leading
research and development institutions and a pool
of skilled manpower. As per the Economic Survey
of Karnataka 2012-13, the real growth in Gross
State Domestic Product (GSDP) is estimated at 5.9%
during 2012-13 compared to 5.5% recorded during
last year. Canara Bank, owing its origin to the State,
is continuing its key position in the State. The Bank
has been playing a leading role in extending financial
services to large number of people through its 706
branches and 725 ATMs, spread across the State.
The State contributes about 16% to total domestic
business of the Bank. The total business of the
Bank in the State stood at `88738 crore, comprising
`55031 crore under deposits and `33707 crore under
advances as at March 2013.

II. qSM u oMa uMx


uw 2012-13 q mqZ qSM xqa AU lMS Ami q
WD u l Sz u uM ur mUuz x Eim Wlus
mUuilzs lMS mUxjir M miooi Mr W | uw
M SUl qSM li M mkl Ezr qS xTi M UMl
AU xr iUsi mokl W WsM, u M sL lMUiqM
eZq M xoki MUl M Sz q oSsu ur uw 13
M Aiq iqW q Mr ar j |

II. MONETARY AND BANKING DEVELOPMENTS


Growth in key monetary aggregates and money
supply in 2012-13 reflected the changing liquidity
conditions arising from domestic and global financial
environment. The monetary policy stance during the
year was primarily to contain inflation and manage
liquidity, though the shift towards addressing
downside risks to growth was undertaken during
Q4FY13.

lMS Ami (Lq3) u e u uw M AUp q 13.7% j,


e pUir Ueu oM M 13% M xMi mm x Mq WMU
uw M SUl ij SxoU 2012 M Ai iM 11.2% UW AU
qc 2013 M xqmi iM 13.3% W ar |

31

Money supply (M3) growth, which was 13.7% at the


beginning of the financial year, moderated during
the course of the year to 11.2% by end-December
2012 and rose to 13.3% by end-March 2013, slightly
higher than the Reserve Bank of Indias (RBI) revised
indicative trajectory of 13%.

Alxci uher oM M xqr eq 2011-12 q UMQ Mr


ar 13.5% M isl q uw M SUl 14.3% iM oR | mNs xs
M 17% M isl q oM Gh M u 14.1% UW | Mq eq
u M xj Gh eq Almi rj 22 qc, 2013 M 77.95%
M xj Eiq UW |
pUi q oMa Sz uMx qS M MUh Axi ahu
q xuki ilu M Alpu Mr AU oM M spmSi E
lkrl M sai M MUh bO aL |
uw 2012-13 M SUl pUir Ueu oM U lqlsZi li
xok Emr M bwh M ar |

pUir Ueu oM l 50 AkU oSA M Mq MUM Um SU


AU mi Um SU M qz: 7.50% AU 6.50% Mr W |

During the year, Scheduled Commercial Banks


(SCBs) aggregate deposits increased by 14.3% as against
13.5% recorded in 2011-12. The growth in credit was at
14.1% compared to 17% a year ago. With lower deposits
growth, the credit-deposit (C-D) ratio remained high at
77.95% as on March 22, 2013.
The banking sector in India experienced increased
stress levels in the asset quality due to domestic growth
slowdown and the profitability of banks came under
pressure owing to higher funding costs.
The year 2012-13 saw the following key policy measures
announced by the RBI.

Reduced the Repo rate and Reverse Repo rate by 100


basis points to 7.50% and 6.50% respectively.

pUir Ueu oM l xAUAU M 75 AkU oSA M ElM


LlQOLs M 4.75% x 4.00% iM bO Sr ar |

pUir Ueu oM l LxLsAU M 100 AkU oSA M


11 Aaxi, 2012 M z WL mZuQ x 23% iM bO Sr
ar |

Reduced the CRR by 75 basis points from 4.75% to


4% of NDTL.

Reduced the SLR by 100 bps to 23%, w.e.f the fortnight


beginning August 11, 2012.

Changes in CRR and Repo Rate during the year

uw M SUl x.AU.AU. AU Um SU q mUuil


x mpu
17 Ams, 2012

Um

x.AU.AU.

8.00 (-0.50)

4.75

22 xioU, 2012

8.00

4.50 (-0.25)

03 luoU, 2012

8.00

4.25 (-0.25)

29 eluU, 2013

7.75(-0.25)

4.25

09 TUuU, 2013

7.75

4.00 (-0.25)

7.50 (-0.25)

4.00

19 qc, 2013

uw M SUl pUir Ueu oM U lqlsZi li xok Emr


M bwh M ar|

SriA M qsrl M sL oQ U AlqSi mUSz li


Wl cWL ij `1.5 qsrl u Exx FmU M LMs xuk
eqA ij Alr xuk eqA M ore SU q lrliq
mUuil xli MU |

LMs LloLTx, elM Ms ur Axir M 50% r


Exx AkM xuh Gh W, M ulrqM Gh xq uiql
10% x bOMU oM M me lk M 7.5% MU Sr ar |
ijm, Gh xq 5% iM AkM, Aji rS AiU Gh
AkUpi xUcl M lkrl M sL W i, oM M me
lk M 12.5% iM W xMi W |

Effective Since
April 17, 2012

Repo

CRR

8.00 (-0.50)

4.75

September 22, 2012

8.00

4.50 (-0.25)

November 3, 2012

8.00

4.25 (-0.25)

January 29, 2013

7.75(-0.25)

4.25

February 9, 2013

7.75

4.00 (-0.25)

7.50 (-0.25)

4.00

March 19, 2013

During the year, RBI made the following major policy


announcements:

Banks to have Board approved transparent policy on


pricing of liabilities and also ensure that variation in
interest rates on single term deposits of `1.5 million
and above and other term deposits is minimal.

The regulatory exposure ceiling in a single NBFC,


having gold loans to the extent of 50% or more of
its total financial assets, reduced from the existing
10% to 7.5% of banks capital funds. However,
exposure ceiling may go up by 5%, i.e., up to 12.5%
of banks capital funds if the additional exposure
is on account of funds on-lent by NBFCs to the
infrastructure sector.

32

Lx xp LloLTx, elM Ms Axir M 50% r Exx


AkM M xuh Gh W, M S elus xMs Gh M sL
oM M LM AiUM Em-xq Wl cWL |

Mrzs me M Asu Mx p m q xuh ZUSl M


sL oM u mSl MUl M sL Alqi lW W |

qS mokl mU, oM M xci Mr ei W M u xli


MU M MEOU mU mmi lO M ml:mUcsl qzl U
Eci mqhMUh mmi Wl M mi W Mr ar W |

xfSU Tq, paSU M iWi Mw ij xoki aiukr


q sa WL xWMU xxjA ij MmUO, aqh xWMU
xxjA ij MmUO h M S elus `20 qsrl
iM M Gh M Mw M mir u M m q uaMi Mr
ar W |

Aux u Mmlr M, Aux lqh M sL `1 qsrl


iM EkUMiA M mSl MUl M sL S aD Gh M
mjqMi M iWi zqs Mr ar W, ozi M Aux
u Mml U EkUMiA mU mpUi ore SU Aux Gh
mU EkU Slus oM M lrliq ore SU x 2 mizi olS
x AkM lW W |

mlxUci qlM Zi M sL mukl uiql 2% x 2.75%


iM oR Sr W |

Sz Alxci uherM oM (.a.oM x Alr) mzxlM


u lrh Mr xpsl M sL OrU I MlS q, UmOa M
Akl Mrsr (r Mrsr u qQs Mrsr) Zsl M
sL Alqi ML aL |

oM q aWM xu xqi ( Lq SqSUl) M 10 xTUz


ulrqM SzlSz eU MUM Mrlui ML aL exq
aW Gh M AxjU ore SU mU mupail mpU M Elqsl,
AkUpi oci Zi M mUp, xS Zi Zsl M sL
MuDx Sxiue M m q rADQ xZr AU QoO MQ
M sL upSM urmU NO / zsM AS M sL oM M
AlSz zqs W |

uw 2013-14 M sL SMh
uM u M xpulL kU kU qeoi oli WA SZD S
UW W sMl lMUiqM eZq Fc xiU mU ol UW | AiUr
qSM lk Aml luliq u AjM SMh q uM u
M uw 2013 M sL 3.3% AU 2014 M sL 4% Szr W |
EpUi AU uMxzs AjuruxjL u M ai M olL UZa
AU uM u M liiu MUa | ijm, MD AjuruxjA q
mcsi MqeU o qa ij urmM AjM Axisl iuUi
lmOl M mpui MU xMi W |

33

Banks should have an internal sub-limit on their


aggregate exposure to all such NBFCs, having gold
loans to the extent of 50% or more of their total
financial assets, taken together.

Other than working capital finance, banks are not


permitted to finance purchase of gold in any form.

On currency management, banks are advised to


ensure that the notes received over the counters
are re-circulated only after ensuring their proper
authentication through machines.

Loans up to `20 million to partnership firms,


cooperatives and corporates directly engaged in
agriculture and allied activities under partnership,
rural co-operative and corporate categories will also
be classified as direct finance to agriculture.

Bank loans to Housing Finance Companies (HFCs) for


on-lending for housing up to `1 million per borrower
will be included under the priority sector, provided
the interest rate charged to the ultimate borrower
by the HFC does not exceed two percentage points
above the lowest interest rate of the lending bank for
housing loans.

The provision for restructured standard accounts


increased from the existing 2% to 2.75%.

Domestic scheduled commercial banks (other than


RRBs) permitted to open offices performing purely
administrative and controlling functions (Regional
Offices and Zonal Offices) in Tier 1 centres, subject
to reporting.

Ten recommendations of the Committee on Customer


Service in Banks (Shri M. Damodaran) implemented
by issue of regulatory guidelines include instructions
to banks on abolition of foreclosure charges on
floating rate home loans; introduction of Basic
Savings Account; Unique Identification Number
(UID) as Know Your Customer (KYC) for opening of No
Frills Account and differential merchant discount/fee
for debit cards.

OUTLOOK FOR 2013-14


Global growth prospects show signs of slow recovery
yet downside risks to growth remain elevated. The
International Monetary Fund, in its latest World
Economic Outlook, April 2013 projected global growth at
3.3% for 2013 and 4% for 2014. Emerging and developing
economies are regaining growth momentum and
are likely to continue to lead global growth. However,
weak external demand and domestic macroeconomic
imbalances in many of these countries threaten faster
recovery.

uw 2013-14 q pUi M e Q m u q xkU mirzi W |


xMUiqM MUM q qQUO qSxTi, lri q xukl, ur
oeU q AlMs xji ij qeoi me muW zqs W | ijm,
AaM aiukr AU luz SMh q xUcliqM okA
M MUh aUuO UW | pUir Ueu oM l Aml uwM qSM
li uuUh q uw 2013-14 M sL xMs bUs EimS u
5.7% Szr W | uwM li M qSxTi M 5% M Axmx
UZl M mrx W |

Indias GDP growth is expected to improve in 2013-14.


Positive factors include moderating inflation, pick up in
exports, favorable financial market conditions and strong
capital flows. However, industrial activity and investment
outlook remains subdued in view of the structural
bottlenecks. The RBI, in its Annual Monetary Policy
Statement for 2013-14, placed real GDP growth at 5.7%.
The annual policy also endeavors to contain inflation at
5% by March 2014.

uw M SUl pUir oMa uWS AjM uMx M xpulA


q xkU M AkU mU oWiU mSzl MUl M xpulL W | oM
M xql 2013-14 q UWlus qZr cli oRi elus
LlmL, xuki mlxUcl ij Gh u q lkrl M sL E
eqA M LMi MUl M mi Axir M ahu q xkU
sl q ol WD W | u AU qS xTi M SMh M Alm
lMS Ami (Lq 3) M MUo 13% mU msi Mr ar W |
2013-14 M sL xqc eqA M 14% AU xqrei ZiU
Gh M 15% iM oRl M Alql sar ar W |

Indian banking industry is likely to perform better during


the year based on improvement in macro-economic
growth prospects. However, major challenges before the
banks in 2013-14 would be addressing the issues of asset
quality on the backdrop of mounting NPAs, increased
restructuring and mobilizing higher deposits for funding
credit growth. RBI envisages containing money supply
(M3) at 13% in consonance with the outlook on growth
and inflation. SCBs growth in aggregate deposits and
growth in adjusted non-food credit is projected at 14%
and 15% respectively for 2013-14.

III.

uw 2012-13 q MlU oM

III. CANARA BANK IN 2012-13

MlU oM pUi M Aah oM q x LM W exM 3723


zZL AU 3526 LOLq W e 4.7 MUQ x p AkM
aWM M oMa AuzrMiA M mi MUi W | oeU q
Aml xji M qeoi olL UZl M sL QsuU cls,
xcl maM, aWM xu, MqcU l ij lL EimS /
xu mrA q saiU luz MU UW W | uw M SUl oM
128 zZL ij 668 LOLq Zs W |

Canara Bank is one of the leading banks in India with


3723 branches and 3526 ATMs catering to more than 4.7
crore customers. The Bank continues to invest in delivery
channels, information technology, customer service,
staff knowledge and new products/ service process to
strengthen its position in the market. During the year,
the Bank opened 128 branches and 668 ATMs.

ur lwmSl

FINANCIAL PERFORMANCE

uw M SUl, Asmuk Amipi MmUO


Gh ij eq mqhm xWi E sai
jM MUoU M oQ Wxx M lMsMU
isl m M eZq x ocl M LM
xci lhr sr | MUoU, sp ij
spmSi q oM M lwmSl lqllxU
UW |

During the year, the Bank took


a conscious decision to de-risk
the balance sheet by shedding
a substantial portion of bulk
business both on high cost,
including Certificate of Deposits
as well as short term unsecured
corporate loans. The performance
of the Bank on the business, profits
and profitability fronts are as under.

oM uw 2012-13 M sL mNs uw M
`3283 MUQ M isl q `2872 MUQ
lus sp mmi ML | mUcsl sp
mNs uw M `5943 MUQ M isl q
`5890 MUQ UW | uw M sL Axi
Axir mU Ael 0.77% UW | uw M
sL mi MqcU sp `6.96 sZ UW |

The Bank earned a net profit of


`2872 crore for 2012-13 compared
to `3283 crore last year. Operating
profit of the Bank stood at `5890
crore compared to `5943 crore
last year. Return on average assets
(RoAA) for the year stood at 0.77%.
Profit per employee worked out to
`6.96 lakh for the year.

34

zrUkUM qsr q u

Enhancing Shareholders Value

2012-13 M sL 130% spv

Dividend of 130% for 2012-13


The Banks Board of Directors
recommended a dividend
of 130% for 2012-13 as
against 110% last year.
While Book Value increased
to `490.56 as at March
2013 compared to `429.51
for the previous financial,
EPS stood at `64.83 as at
March 2013. Return on
Equity stood at 14.03% for
2012-13.

oM M lSzM qQs l mNs


uw M 110% M isl q uw

2012-13 M sL 130% spz


M xTUz M W | rj qc
2013 M mNs uw M `429.51
M isl q oW qsr `490.56
WA | rj qc 2013 M DmLx
`64.83 UW | uw 2012-13 M
sL DYuO mU Ael 14.03%
UW |
qc
2012

qc
2013

lk sai

6.72

6.96

lk x miTs

8.95

9.05

eqUzr M sai

7.35

7.72

Aaq x miTs

10.93

11.13

luz x miTs

7.96

8.12

Axi Mr lk (LQosrLT) M
sL xmQ % M m q

2.23

2.09

lus ore qel (LlADLq)

2.50

2.40

Axi Mr lk M sL mUcsl urr

1.35

1.37

Axi mUxmr mU misp


(AUALL)

0.95

0.77

DYuO mU misp

18.75

14.03

mi MqcU MUoU
(` MUQ q)

13.74

mi MqcU sp (` sZ q)

qZr ur Almi (%)

March
2012

March
2013

Cost of Funds

6.72

6.96

Yield on Funds

8.95

9.05

Cost of Deposits

7.35

7.72

Yield on Advances

10.93

11.13

Yield on Investments

7.96

8.12

Spread as a % to AWF

2.23

2.09

Net Interest Margin (NIM)

2.50

2.40

Operating Expenses to AWF

1.35

1.37

Return on Avg. Assets (RoAA)

0.95

0.77

Return on Equity

18.75

14.03

Business per Employee


(` in Crore)

13.74

14.20

14.20

8.21

6.96

Profit per Employee


(`in Lakh)

8.21

6.96

oW qsr (`)

429.51

490.56

Book Value (`)

429.51

490.56

mi zrU Ael (`)

74.10

64.83

Earnings per Share (`)

74.10

64.83

Key Financial Ratios (%)

L Qosr LT- Axi Mrzs lk

AWF - Average Working Funds

35

Ar u urr uzswh
oM M ore Ar mNs ur uw M

Income and Expenditure Analysis


The Banks interest income
recorded a y-o-y growth of 10.5%
to reach `34078 crore compared
to `30851 crore recorded during
the previous financial year.
Non-interest income increased
to `3153 crore compared to
`2928 crore recorded last year.

`30851 MUQ M isl q uwluw


10.5% u MUi WL `34078 MUQ
M u Se M | oreiU Ar l
mNs uw M `2928 MUQ M isl
q oRi WL `3153 MUQ M qWU
u Se Mr W|

The Banks cost of deposits


increased to 7.72% due to high
interest rates prevailing during
the year. The yield on advances
improved to 11.13% as at March
2013 compared to 10.93% last
year. Interest spread stood at
2.09% compared to 2.23% as at
March 2012.

uw M SUl ore SU q oRi M


MUh oM M eq sai 7.72% oR
ar | Aaq mU miTs mNs uw M
10.93% M isl q rj qc 2013
M 11.13% UW | ore AiU rj qc
2012 M 2.23% M isl q 2.09%
UW |

While
interest
expenditure
increased to `26199 crore with
a y-o-y increase of 13%, the
Bank contained its increase
in operating expenses at 10%
amounting to `5142 crore. The
net interest income of the Bank
stood at `7879 crore and Net
Interest Margin (NIM) worked out at 2.40%.

13% M uwluw u M xj ore


urr `26199 MUQ iM oR eoM
oM M mUcsliqM urr 10% oRMU
`5142 MUQ iM oR | oM M lus
ore Ar `7879 MUQ iM mWc
ij lus ore qel 2.40% UW |
me ij AUi lkr
rj qc 2012 M lus qsri `19027 MUQ M isl q
rj qc 2013 M lus qsri `21732 MUQ ol W | mS
me `443 MUQ UW, AUi lkr AU Akzw `24435
MUQ iM oR W | rj qc 2013 M oM q xUMU zrU kUh
67.72 % UW |
(Uv ` MUQ q)
me M ulrx

qc 2012

qc 2013

210875

243348

21829

23776

xAULAU (%) (OrU I)

10.35

9.77

OrU II me

7179

6388

3.41

2.63

29008

30164

13.76

12.40

eZq pUi mUxmr


OrU I me

x AU L AU(%) (OrU II)


Ms me
xAULAU (%)

Capital and Reserves


Networth of the Bank, as at March 2013 increased to
`21732 crore compared to `19027 crore as at March
2012. While total paid-up capital of the Bank was `443
crore, reserves and surplus increased to `24435 crore. The
Government Shareholding in the Bank stood at 67.72%
as at March 2013.
(Amt. in ` crore)
Composition of Capital

March 2012

March 2013

210875

243348

21829

23776

CRAR (%)(Tier I)

10.35

9.77

Tier II Capital

7179

6388

3.41

2.63

29008

30164

13.76

12.40

Risk Weighted Assets


Tier I Capital

CRAR (%)(Tier II)


Total Capital
CRAR (%)

36

rj qc 2013 M 9.77% OrU I me Almi M xj oM M


me mrmii Almi 12.40% UW | MUoU q u M ai q
ie sl M sL OrU I AU OrU II M eUL me eOl M sL
oM M mx Ao p aeCz W |

Capital Adequacy Ratio stood at 12.40%, with Tier I capital


ratio at 9.77% as at March 2013. The Bank has adequate
headroom available under both Tier-I and Tier-II options
to raise capital to support business growth momentum.

MUoU xu

BUSINESS GROWTH

eqL
mNs uw M `327054 MUQ M isl
q rj qc 2013 M oM M Ms eqL
8.8% u Se MUM `355856 MUQ
iM mWc | uw M SUl oM l eq M
mqhm xWi `74500 MUQ M E
saius eq Uz M lMs SL |
mUhqi: xQ xWi E saius
jM eqA M Wxx qc 2012 M
45% x bOMU rj qc, 2013 M 20%
W ar |

Deposits
Total Deposits of the Bank
registered a growth of 8.8% to
reach `355856 crore as at March
2013 compared to `327054 crore a
year ago. During the year, the Bank
shed about `74500 crore of high
cost deposits, including Certificate
of Deposits. As a result, the
share of high cost bulk deposits
including CDs came down from
45% as at March 2012 to 20% as at
March 2013.

oM M Mx eqL rj qc 2013 M `86061 MUQ WL | Sz


eqA q Mx M Wxx 25.12% UW | rj qc 2013 M oci
eqL 9.8% oRMU `71168 MUQ WL | ur uw M SUl oM
l Mx eqL eOl M sL SzpU q Aprl csL | Ms
qsMU Aprl Auk M SUl oM l `6100 MUQ M MUoU
M xj 30 sZ lL Mx aWM M eQ |
eq aWMua M AkU M oRD el us li M Aluil
MUi WL, xp zZA l Ms 42 sZ x AkM eq Zi M
eQ, exx Ms eq Zi M xZr 4.17 MUQ iM mWc
ar |
Aaq (lus)
( us)
uw M SUl oM M lus Aaq mNs uw M `232490
MUQ M isl q `242177 MUQ mWc
ar | Aaq xupa q qQUO u jM
Aaq ex `22000 MUQ M Asmuk
Amipi Aaq M lMsl M mUhq
xum mmi WA |
oM M uukMi Gh xupa q
Ajuruxj M EimSM ZQ ex Mw ij
xq, sb u qkrq Eq (LqLxLqD),
MmUO ij AkUpi xUcl ZQ M
Gh AS zqs W | rj qc 2013 M
oM M EkU Zi M xZr mNs uw
M 45 sZ x 53 sZ iM oR |

37

The Banks CASA deposits reached `86061 crore as at


March 2013. The Banks CASA deposits to domestic
deposits stood at 25.12%. Savings deposits rose by 9.8%
to `71168 crore as at March 2013. During FY13, the
Bank launched nationwide campaigns to mobilize CASA
deposits. During the campaign period, the Bank brought
in about 30 lakh fresh CASA clientele and about `6100
crore CASA deposits in the new accounts.
Pursuing a strategy of broad-basing deposit clientele,
all the branches together added 42 lakh deposit
accounts, taking the total number of deposit accounts
to 4.17 crore.
Advances (Net)
During the year, the Banks net advances reached
`242177 crore compared to `232490 crore a year ago. The
moderate growth in advances was
due to shedding of bulk advances
viz., short term unsecured corporate
loans amounting to `22000 crore.
The Banks diversified credit
portfolio include all productive
segments of the economy like
agriculture and Micro, Small and
Medium
Enterprises
(MSME),
exposure to corporates and
infrastructure
segments.
As
at March 2013, the number of
borrowal accounts increased to
53 lakh from 45 lakh last year.

mi MqcU MUoU U qm elus EimSMi mNs uw M


`13.74 MUQ M isl q `14.20 MUQ iM oR | uw M SUl
oM M aWM AkU mNs uw M 4.2 MUQ x 4.7 MUQ iM oR |
ZSU Gh mUcsl
oM M ZSU Gh Sl rj qc 2013 M `23084 UW | ZSU
Gh Sl q xuiUh `8710 MUQ UW | oMr Aux Gh
xupa `13134 MUQ iM oR e Ms ZSU Gh xupa M
57% Wi W | Aux Gh xupa (mir) M iWi oM M
Aaq `8688 MUQ iM oR |

Productivity, as measured by business per employee,


increased to `14.20 crore from `13.74 crore a year ago.
During the year, the Banks total clientele base increased
to 4.7 crore from 4.2 crore last year.
Retail Lending Operations
Outstanding retail lending of the Bank reached `23084
crore as at March 2013. The disbursals under the retail
lending stood at `8710 crore. The outstanding housing
loan portfolio stood at `13134 crore, constituting 57%
of the total retail lending portfolio. The Banks advances
under Housing Loan (direct) increased to `8688 crore.

3 MlSr mxxMUh CMD W aD W |

The Bank took several measures during the year to


expand retail credit. The Bank introduced new retail
loan products, viz., Canara Home Loan Plus, Canara
Consumer Loan and Canara Loan against Property. Two
Central Processing Units (CPUs) at Bhopal and Ludhiana
were upgraded as Retail Asset Hubs, taking the total
tally under Retail Asset Hubs to 42 and 3 CPUs at major
centres across the country.

z Gh

Education Loans

oM l uw M SUl ZSU Gh M oRl M sL AlM Emr


Amlr W | oM l lL ZSU Gh EimS ex MlU aW msx, MlU
Emp Gh ij xm M Lue q Gh mUp ML | S MlSr
mxxMUh CMCr M ZSU Axi MlS q xiUrl ML aL
exx SzpU M qZr MS q oM M 42 ZSU Axi MlS ij

pUi AU uSz q E z mmi

Over the years, the Bank has supported


lakhs of promising students to pursue
higher education in India and abroad.
The Banks education loan portfolio
increased to `4343 crore. The Bank
has financed more than 2.17 lakh
students as at March 2013. The Bank
is designated as the nodal bank for
administering subsidy under the
Central Sector Scheme for Interest
Subsidy on education loans.

MUl M sL sZ mipul N M
mixWi Mr W | oM M z Gh
xupa M AU oRMU `4343 MUQ
Mr W | rj qc 2013 M oM l 2.17
sZ N M Gh mSl Mr | z
Gh mU ore AlSl M sL MlSr
rel M iWi AlSl Almr MUl M
sL oM M lQs oM M m q lq
Mr ar |

Mw
rj qc 2013 M oM M xqc luz (lus) `121133 MUQ
UW | xupa xzki Auk mNs uw qc 2012 M 4.62
x 4.73 iM oR ar | Mq SlMi mipir M NQl AU
qkrq AU Sb SlMi mipir q lL xU x luz MUl M
MUh oMus M sL Emsok xzki Auk rj qc 2012
M 3.23 x rj qc 2013 M 4.16 WD | uw M sL urmUM
sp mNs uw M `324 M isl q `676 MUQ j | luz
mU miTs mNs uw M 7.96% M isl q rj qc 2013 M
8.12% iM oR |

TREASURY
Aggregate investments (net) of the Bank was at `121133
crore as at March 2013. Portfolio modified duration
increased to 4.73 years from 4.62 years as at March 2012.
The modified duration of the Available for Sale (AFS)
portfolio increased to 4.16 years as at March 2013 from
3.23 years as at March 2012 due to redemption of short
dated securities and fresh investments made in medium
and long dated securities. The trading profit for the year
was `676 crore as against `324 crore last year. The yield
on investments improved to 8.12% compared to 7.96% a
year ago.

38

xUMU mipir q oQ urmU M m q oM xr pa


si UW | WqSU ucloiA M Ms Uz `107103 MUQ
j, exq x pUir Ueu oM U WqSU M sL xuMi
ucloi Uz `69347 MUQ M j | ir Ak uw M SUl
mkl urmU M m q oM l 40% ASz mizii M isl
q 51.84% xTsi Almi Wxs Mr |

The Bank continues to be an active player in Government


Securities as a primary dealer. The total amount of
bids submitted for underwriting was `107103 crore, of
which, the underwriting commitment accepted by the
RBI was `69347 crore. During the second half year, the
Bank achieved 51.84% success ratio as against minimum
success ratio of 40% of its obligation as a Primary Dealer.

rj qc 2013 M oM M xqc uSz MUoU mhrui

Foreign Business Turnover of the Bank aggregated to


`143795 crore, comprising `54328 crore under exports,
`40391 crore under imports and `49076 crore under
remittances as at March 2013. Outstanding export credit
of the Bank stood at `10067 crore as at March 2013.

`143795 MUQ UW exq `54328 MUQ lri, Ari q


`40391 MUQ AU mwh M iWi `49076 MUQ UW| rj qc
2013 M oM M oMr lri Gh `10067 MUQ UW |

AiUr mUcsl

INTERNATIONAL OPERATIONS

sSl u sxxOU (r.M.), Wa Ma u zbD (cl) AU qlq

The Banks overseas operations covered 6 countries


with one branch each at London and Leicester (UK),
Hong Kong, Shanghai (China) and Manama (Bahrain), a
Representative Office at Sharjah (UAE) and a joint venture
Bank, namely, Commercial Bank of India LLC in Moscow in
association with State Bank of India.

(oWUl) q LM-LM zZ ij zUeW (rLD) q milk Mrsr


M xj oM 6 Sz M muUi MUi W | CxM Asu qxM q
Mqzrs oM BT CQr (Ls.Ls.x.) M lq x pUir xOO
oM M xj xr Eq p mUcsl MU UW W |
uw M SUl xqxi uSz zZA l xuki MUoU MrlwmSl
Se Mr | qc 2013 M xqmi ur uw M sL mc uSz
zZA M Ms MUoU `28786 MUQ UW, e oM M Ms
MUoU M 4.8% W |
MU, eWleoa (Sh ATM), TM TO (eql), lr rM (r.
Lx.L.), xu ms (oes), SU-D-xsq (ilelr), OMr
(eml), Aoe (lCeUr) AU eW (xES AUor) ex 9
Alr AiUr MS q uxiUh M sL oM l pUir Ueu oM
x AlqSl mmi Mr | oM l eWleoa q zZ Zsl M sL
xEj ATM Ueu oM x xWqi m mmi Mr W |
oM M AiUr mUcsl M 373 xmMMi oM M uxii
i M AcN xqjl qs UW W e 79 Sz q Ts WL W |
oM l Aluxr M xWe klmwh Wi qkr mu M 30 uSz
qS ulqr aW xWi 16 q mu oM x mr AWUh M
uruxj M W | oM qz: Alr AxjD uzw lr Lu
mokl MUU M Akl S uSz qS ulqr aW, Aji As
UeM COUlzls LYxce Mqml, SoD AU DxOl LYxce
CxOoszqO, MiU M mokl MU UW W |

39

All overseas branches recorded improved business


performance during the year. Total business of the five
overseas branches aggregated to `28786 crore for the
financial year ending March 2013, constituting 4.8% of
the Banks total business.
The Bank has approval from RBI for expansion in 9
other international centres, namely, Qatar Financial
Centre (Qatar), Johannesburg (South Africa), Frankfurt
(Germany), New York (USA), Sao Paulo (Brazil), Dar-esSalaam (Tanzania), Tokyo (Japan), Abuja (Nigeria) and
Jeddah (Saudi Arabia). In this regard, the Bank has filed
application with regulators of Qatar, Germany and USA.
The Bank has already received consent from South African
Reserve Bank for opening a branch at Johannesburg.
The Banks international operations are well supported
by a wide network of 373 Correspondent Banks, spread
across 79 countries. Rupee Drawing Arrangement has
been made with 30 Exchange Houses and 16 Overseas
Banks in the Middle East for channelizing the remittances
of Non-Resident Indians. The Bank has been managing
two Exchange Houses viz., Al Razouki International
Exchange Company, Dubai and Eastern Exchange Est.,
Qatar under Secondment and Management Agreement
respectively.

oM l uw M SUl qS umwh M Akl uo AkUi EimS M


uxiU 29 LYxce Mqmlr ij 4 uSz zZA ex sSl,
sxxOU, zbD AU Wa Ma q Mr W | uw M SUl oM l r
L D M 3 ulqr bU M xj umwh uruxj M sL uruxjL
AlqSi M W |

Remit Money, a Web Based Speed Remittance product


has been extended to 29 Exchange Houses and to 4
overseas branches, viz., London, Leicester, Shanghai and
Hong Kong. During the year, the Bank has approved
arrangements under Remit Money with three more
Exchange Houses in UAE.

OTHER SERVICES

Alr xuL
oM M urmU oMa mpa pUir Ur Uemj mkMU AU
aqh uiMUh laq sqOQ M meai sp ok m M eU
ML el M Mq xps W | pUir Ur Uemj mkMU AU
aqh uiMUh laq sqOQ M meai sp ok m eU
MUl x urmU oMa upa U LMi M aD Uz `83.95
MUQ j | uw M SUl "DYuO M Eci qsrMl" M 7
uzwMi xqlSzl M p xps W |
il le msxqO Czr M sL oM uxsMi oMU M m
q Mq Mr exq `1285.78 MUQ M lkr zqs W |
lq zZA U L Lx o L M iWi xcsl M aD CzrA
M xZr 30 W ij `44.12 MUQ Uz Mqr ar | rj qc
2013 M L Lx o L M iWi lq zZA M xZr 152
x 1874 WD |
uw M SUl xQMzl am l `3283 MUQ salus
mUrelA M xps elq `2257 MUQ Ms oMr sai
W | am l xQMzl mUcsl x oQ mql mU zsM AkUi
Ar Ai M W | xQM, zU, qO Us AS ex up upa
q mUrelA M sL lkr M mokl Mr |
"oM LzrUx" upa M iWi eul AU euliU oq Sl
upa q aP-eQ mok W | MlU Lc.Lx.o.x. BULOs
oM BT Mqx eul oq Mml M xj aP-eQ x `25.90
MUQ Mqzl M m q MqD | qrcAs TQ MUoU M iWi
Aml xr ucU MlU UoM Axi mokl Mml sqOQ x
Mqzl M m q `4.95 MUQ mmi M | oM l qxx rlCOQ
CQr ClvrUx Mqml s. x elUs ClvrUx uruxr Wi aPeQ Mr AU mUhqxum Cx uw `11.92 MUQ Mqzl Ar
Mqr | oM l mU Sz q Ts Aml zZA M qkrq x lri
lir M umhl Wi qxx pUir lri Gh aUO laq x
MmUO Lex MUU Mr W |

The Banks Merchant Banking Division handled Private


Placement Capital Gain Bond Issues of National
Highways Authority of India (NHAI) and Rural
Electrification Corporation Ltd (REC) as Arrangers. The
amount mobilized in respect of Capital Gain Bonds Issue
of NHAI and REC during the year was `83.95 crore. Seven
specialized assignments of Fair Valuation of Equity were
also handled by the Division during the year.
The Bank acted as Collecting Banker for 3 Private
Placement Issues, involving an amount of `1285.78
crore. The number of Public and Debt Issues handled
under Application Supported by Blocked Amount
(ASBA) by designated Branches was 30 and the amount
blocked was `44.12 crore. The number of designated
Branches under ASBA increased from 152 to 1874 as at
March 2013.
The Syndication Group handled projects, involving
project cost of `3283 crore during the year, with a total
debt size of `2257 crore. The Group generated fee-based
income from the syndication operations. The funds are
arranged for projects in various segments like Road,
Sugar, Metrorail, etc.
The Bank has tie-up arrangements in both life and nonlife insurance segments under its Bancassurance arm.
The Bank earned a commission income of `25.90 crore
from its joint venture viz., Canara HSBC OBC Life Insurance
Company Ltd. Under the Mutual Fund business, the Bank
earned a commission of `4.95 crore from its joint venture
viz., Canara Robeco Asset Management Company Ltd.
The Banks tie-up arrangement with M/s United India
Insurance Company Ltd (UIICL) for Non-Life (General)
Insurance business has resulted in a commission income
of `11.92 crore during the year. The Bank has also
Corporate Agency Agreement with M/s Export Credit
Guarantee Corporation of India for marketing export
policies through its branches across India.

40

oM l MQ MUoU M Akl QO AU QoO-xW-LOLq


MQ M AkU oRl M sL AlM mWs M W | rj qc 2013
M oM M Ms QoO MQ AkU 95.53 sZ iM oR | uw M
SUl MQ MUoU q `131 MUQ M Ar WA |

Under Card Business, the Bank took several initiatives to


expand credit and debit-cum-ATM card base. The total
debit card base of the Bank increased to 95.53 lakh as at
March 2013. Income under card business during the year
was at `131 crore.

oM 46 lmaU xu MlS M xj Sz M 36 MlS q


lmaU xuL S UW W | oM qxx MlU oM xYrUOe
sqOQ, qoD lq M Sss Alwa M eUL Q.m. aWM M
Bl sCl OQa xuk Emsok MU UW W |

The Bank offers its Depository Services from 46 DP Service


Centres spread across 36 centres in the country. Through
these Centres, the Bank is extending Online Trading
Facility to DP clients from its own broking subsidiary M/s
Canara Bank Securities Limited, Mumbai.

lwmSM, lrx AU MUkl xuL ex oM M CMCr QocU/


mipi lrxi, uxrilq Lu lwmSM, lrxi, urai MU
xWri ij qZiUlq xuL S UW W | uw M SUl Cxl `1.52
MUQ mL M zsM AkUi Ar mmi ML W |
xUMU MUoU M Akl mir AU Amir MU xaW, up
upa M mzl M pail, qsr M ZiL, QM upa,
sM puwr lk rel ij pUir Ueu oM Lu pUi xUMU
M oQ M o x oM l uw M SUl `72.43 MUQ M Ar
Aei Mr |
oM qlu xxkl uMx upa qsr, usr z u
xUi upa, E z upa, Ms upa - pUi M mUiiu
xuh, xxMi qsr ij Zs u ru qqs qsr M qlri
mmi oMU M m q mkMi W | oM l qlu xxkl uMx
upa qsr M sL uo-mOs uMxi Mr W exM qkrq
x xu z Aprl rel M lkr M D-OMa Mr e
UW W exM oM l Sz M xU Uer q Aqs Mr W | oM
l qWU, iqs lQ, MlOM, Ak mSz, oWU AU Sss
Uer q ur / uher MU M D-pail, qWU q ucAs
Mw mMe, iqs lQ mUuWl upa M MU M D-pail ij
cD laq M sL xm MU M D-pail Aqs Mr | oM
l xmmx mMe M sL D-csl / xs ij Ll m Lx M
BlsCl xxMUh M sL xuMi p mUp Mr |
rlM ADQOTMzl AjUO BT CQr, lD Sss M sL
AkaWh oMU M m q oM M mkMi Mr ar | pUi q
oW mrelMU Ur mWcl m r r.AD.Q. Aqs MUl M
sL pUi xUMU M Lex M m q TUuU 2010 q r.AD.
Q.L. xjmi Mr ar | Ao rW mUrel 8 MlS q Aqs

41

Executor, Trustee and Taxation Services outfit of the Bank


provides services like Debenture/Security Trusteeship,
Will and Executorship, Trusteeship, Personal Tax
Assistance and Power of Attorney Services. During the
year, it generated fee based income of `1.52 crore.
Under Government Business, comprising Direct and
Indirect Tax collections, payment of pensions of various
departments, Ministry Accounts, Postal Department,
Public Provident Fund Scheme and issue of bonds of RBI
and Government of India, the Bank earned an income of
`72.43 crore during the year.
The Bank has been authorized as the accredited banker
for Ministry of Human Resources Development (MHRD),
handling Department of School Education and Literacy,
Department of Higher Education, Department of Arts
Archeological Survey of India, Ministry of Culture
and Ministry of Youth Affairs and Sports. The Bank has
developed a Web-Portal for Ministry of HRD for e-tracking
of funds under the Sarva Shiksha Abhiyan (SSA) Scheme
and implemented the web portal in all the States. The
Bank has implemented E-payment of Sales Tax/
Commercial Tax in Maharashtra, Tamil Nadu, Karnataka,
Andhra Pradesh, Bihar and Delhi, Virtual Treasury
Package in Maharashtra, E-Payment of Taxes to Transport
Department in Tamilnadu and Collection of Property Tax
for the Corporation of Chennai in Tamilnadu. The Bank
has also introduced E-challans/Scrolls for CPPC Package
and acceptance of online subscription for NPS.
The Bank is authorized as one of the accredited Bankers
for Unique Identification Authority of India (UIDAI),
New Delhi. The UIDAI was established in February 2010,
as an agency of Government of India, responsible for
implementing the Multipurpose National Identity Card or
Unique Identification Card (UID Card) project in India. The
project is implemented in 8 Centres at present and the

M aD W AU El MS q oM M zZL r.AD.Q.L. Zi M
xpsl M sL lq M aD W |

Banks branches at these Centres have been designated


as the branches for handling the UIDAI accounts.

uw M SUl qsl AeS Ur Tszm, 6 rex Nu


relL ij NA M qkrqM z M sL Ur mixWl
rel Mrlui MUl M sL qlu xxkl uMx qsr M
xj xqfi ml WxiUi M W |

During the year, the Bank has entered into a MoU with
Ministry of HRD for implementing Maulana Azad
National Fellowship, 6 UGC Scholarship Schemes and
National Scheme of Incentives to Girls for Secondary
Education (NSIGSE).

oM l 16.01.2012 x MSr EimSl AU xq zsM oQ, lD


Sss M lSz M AlxU 103 MlS q EimSl zsM M
D-pail Mrlui M W |

The Bank has implemented E-payment of Customs


in 103 locations as per the direction of the Central Board
of Excise and Customs, New Delhi, with effect from
16.01.2012.

oM l oasU laU M 10 zZA q D-xOqma mUrel z


M W AU Cx MlOM Uer M 26 es qZrsr xji zZA
q Aqs Mr e UW W |

E-stamping project is introduced in 10 branches in


Bangalore. The project is under implementation at other
26 branches situated in the District Head Quarters in the
State of Karnataka.

Mw mUqz xuL (LxLx) CMD xq uw q 86 xqlSzl


M xcsl Mr | Cl 86 xqlSzl Mr q 42 qsrMl, 10
uki Akrrl, 27 mlUh ij 7 Alr Akrrl u mzh
zqs W | Cl xqlSzl Mr M Ms Ar `709 MUQ M
xuk Gh u mxxMUh zsM M m q oM U uxs M aD
`7.09 MUQ M aU-ore Ar W |

Agricultural Consultancy Services (ACS) outfit of the


Bank handled 86 assignments. These 86 assignments
consisted of 42 appraisals, 10 viability studies, 27 vettings
and 7 other studies and trainings. The total outlay of the
assignments works out to a term loan component of
`709 crore and non-interest income derived by the Bank
in the form of processing fee was `7.09 crore.

Axi ahu u eZq mokl

ASSET QUALITY AND RISK MANAGEMENT

`4006
4006 MUQ - Ao iM M xukM
lMS uxs

All Time High Cash Recovery


at `4006 crore

Axi ahu
u
oM l Ll m L lri MUl M sL AcN mSzl Mr W ij
UMQ lMS uxs M W | rj qc 2013 M oM M xMs
Ll m L xiU 2.57% M xMs Ll m L Almi M xj `6260
MUQ UW | oM M xMs Ll m L Almi Alr qWiumh oM
x Mq UW | `5278 MUQ lus Ll m L xiU M xj CxM
Almi 2.18% UW |
ur uw 12 M `3296 MUQ M lMS uxs M isl q
ur uw 13 M SUl xukM `4006 MUQ M lMS uxs
WD | Cxq x `1488 MUQ M uxs o Zi Qsl x u
Almrei Zi M uxs x WD |
uw M SUl xUTx Aklrq M iWi `1560 MUQ M uxs
M aD | oM l 22500 uxs oPM Arei M exM mUhq
xum `1250 MUQ M uxs WD | sM ASsi M iWi 820
qqs lmO ar exq x `14.50 MUQ uxs M aD | uw M

Asset Quality
The Bank has performed well in containing
Non-performing Assets (NPA) and made record cash
recoveries. The gross NPA level of the Bank stood at
`6260 crore, with a gross NPA ratio at 2.57% as at March
2013. The Banks gross NPA ratio continues to be one of
the lowest among peers. With a Net NPA level of `5278
crore, the net NPA ratio was at 2.18%.
Cash Recovery during FY13 aggregated to a record `4006
crore compared to `3296 crore for FY12. Out of this,
recovery from written off accounts at branches, writeback and unapplied interest together amounted to
`1488 crore.
During the year, recovery amounting to `1560 crore
was made under SARFAESI Act. The Bank conducted
22500 recovery meets, which resulted in a recovery of
`1250 crore. Under Lokadalat, 820 cases were settled

42

SUl `851 MUQ M Uz uxs / mlux M m q xiUi

M sL oM l LM uzw rel mri M W |

covering `14.50 crore. During the year, an amount


of `851 crore was upgraded on account of recovery/
rehabilitation. Besides, the Bank took several initiatives
to contain slippages and speed up recovery from
overdue loan accounts. These include identification of
stressed accounts for restructuring/rephasing in time,
conduct of Canadalats at branch level and mega adalats
at Circle level for one time settlements, regular followup of overdues in loan accounts through Call Centre and
e-auctions. The Bank also formulated a special scheme
for settlement of small NPAs and for MSMEs below
`1 crore.

eZq mokl

Risk Management

Mr ar | xj q oM l Txsl M UMl ij AiSr Gh


Zi x iuUi uxs MUl M sL MD mWs M | Cxq xqr q
mlxUcl / ml:cUhoi M sL Zi M mWcl, zZ xiU
mU Ml ASsi M Arel ij Acs Mrsr xiU mU LMqzi
lmOl M sL qa ASsi M Arel, Ms xOU u D-lsq
M eUL AiSr Gh Zi M lrqi Aluil AS zqs
W | `1 MUQ x Mq M Ll m L ij Lq Lx Lq D M lmOl

me mrmii TquM ij pu Uhlir

Capital Adequacy Framework


and Future Strategies

mU oM q up eZq mokl mWs M Mrlurl M sL mkl


Mrsr q LM xui eZq mokl upa MrUi W | LMMi
qkr Mrsr (Sz u uSz Mw) luz ij uSz ulqr Mr
M oeU eZq M mpu u xui mruh ij laUl M sL
eZq mokl upa M iWi MrUi W | eZq mokl upa M
LM uxiUi CMD M m q xp 34 Acs Mrsr q eZq
mokl Alpa MrUi W |
oM q eZq mTCs M xp mWsA ij xp pasM
M zqs MUi WL eZq mokl lir Emsok W | Cxq xZ
eZq mokl, oeU eZq mokl AU mUcsliqM eZq
mokl xok lir zqs W |
oM q oxs II qlM M xip 2 M iWi LM AiUM me
mrmii lkUh mr (ADxLLm) Emsok W | ADxLLm
mr oM, ClM Alwar, mrei lMr ij xWo
xxjA M Sz, xqSmUr mUcsl M muUi MUi W |
ADxLLm q ilu mUh mUSzr M xoi p Se Mr
ar W | ADxLLm Sxiue M xq M ei W exM
AlqSl oM M oQ M eZq mokl xqi ij lSzM qQs
U Mr ei W |
mkl Mrsr q LM me Arel xqi MrUi W AU rW
xqi MUoU Uhlir M Alm oM M me AuzrMiA
ij uxii AjM mUSzr M mUsi MUi W | xqi
xAULAU M Eci xiU M UZ-UZu ij me eOl M sL
up uMsm M qsrMl p MUi W |

43

An Independent Risk Management Wing at the Head


Office is functioning as a nodal centre for overall
implementation of various risk management initiatives
across the Bank. Integrated Mid-Office (Domestic and
Forex Treasury) is functioning under the Risk Management
Wing for effective and independent supervision and
monitoring of Market Risk in investment and forex
functions. Risk Management Sections are functioning at
all the 34 Circle Offices of the Bank as an extended arm of
the Risk Management Wing.
The Bank has in place Risk Management Policies across
geographies and across all risks encompassing the entire
gamut of risk profile. These include policies on Credit Risk
Management, Market Risk Management and Operational
Risk Management.
An Internal Capital Adequacy Assessment Process (ICAAP)
under Pillar 2 of Basel II Norms is in place. The ICAAP
exercise covers the domestic, overseas operations of the
Bank, the subsidiaries, sponsored entities and associates.
Linkages to Stress Test Scenarios are also documented in
ICAAP. The ICAAP document is reviewed and approved by
the Risk Management Committee of the Board and the
Board of Directors.
A Capital Planning Committee is operational at Head
Office and this Committee articulates the macro
economic scenarios vis--vis the Capital requirements of
the Bank in tune with business strategies. The Committee
ensures maintenance of appropriate level of CRAR and
evaluates various options for raising Capital.

oxs II M iW
iWi LQuxQ SMh M Amll
oxs II M iWi LQuxQ SMh q AiUh Wi xZ M sL
me, oeU ij mUcsliqM eZq AS M mUMsl M sL,
oM q ij CxM lMr q LOUmCx uCQ LMMi eZq
mokl xsrzl M Mrlurl M sL LM mUqzSi M xu,
oM M AuzrM eZq mokl Rc oll M sL xWri mSl
MUl Wi, lrei Mr ar W |
oM l xZ eZq M sL me mpU M mUMsl Wi AiUM
UOa AkUi SMh Amll M sL Azr-m pUir Ueu
oM M Se Mr W ij oeU eZq u mUcsl eZq Wi
LQuxQ SMh q AiUh M sL AuSl M cUho iUM x
mxii Mr eLa|
oxs III M sL irU
oMa mruh mU oxs xqi M SzlSz M euo M
m q pUir Ueu oM l SlM 02 qD, 2012 M oxs III
SzlSz M eU Mr W | oxs III me ulrq mU Aiq
SzlSz LM cUho iUM x SlM 01 Ams, 2013 x mpu
Wa | pUir Ueu oM M SzlSz M AlxU, 31 qc,
2018 iM oxs III SzlSz M xmh Mrlurl M sL,
pUir oM M 5.50% M lrliq xqlr DYuO OrU I me,
7.00% OrU I me, 9.00% M Ms me ij 2.50% M me
xUh oTU M AuzrMi W | oM M p 01 eluU, 2013
x 01 eluU, 2017 iM M xqiU Ul M SUl 4.5% M lrliq
OrU I sp Almi M, eZq AkUi me AuzrMiA M
sL uxlr mUM Emr M m q olL UZl cWL|
oxs III M mpu M lkUh M sL oM M AiUM Alql M
AlxU oM lkUi AuzrMi M FmU xDO I u OrU I me
M xj mrmi m x meMi UWa | xj q oM M mx puwr
q Mx Mq M qqs q me eOl M sL mrmi aeCz p
Emsok W |
oM U Aml oWr q Wlus me M mq AU ahu M
xj Lx EqqS Mr ar W M oxs III q AiUh M Mx p
MPlD M ol ur uw 2014 iM mU Mr eLa | Aa WqU
oM M me AuzrMiA M mi lL DYuO me eQl x,
sp M mikUh, MUoU suU M AlMsl u m LYOu me
Arel ij mokl AS M qkrq x Mr eLa |
xZ eZq mokl
oM q xZ eZq mokl M sL urmM lir AU mrA
xWi MD eZq mokl mhs Emsok W | oM U sL aL
up mWs lqllxU W |

Adoption of Advanced Approaches under Basel II


In the Banks endeavor to move towards Advanced
Approaches under Basel II for computation of Capital
for Credit, Market and Operational Risk, the service of
a Consultant for implementation of Enterprise Wide
Integrated Risk Management solution in the Bank and
its Group Entities is engaged to provide assistance to
the Bank in building the requisite risk management
framework.
The Bank has submitted Letter of Intent to RBI for adoption
of Internal Rating Based (IRB) Approach for calculation
of capital charge for Credit Risk and applications for
moving over to advanced approaches for Market Risk and
Operational Risk shall be submitted in a phased manner.
Preparedness for Basel III
In response to Basel Committee on Banking Supervision
(BCBS) guidelines, RBI issued the Basel III guidelines on
May 2, 2012. The final guidelines on Basel III Capital
Regulations is effective from 1st April, 2013 in a phased
manner. As per RBI guidelines, with full implementation
of Basel III guidelines by March 31, 2018, banks in India
need to maintain a minimum Common Equity Tier 1
(CET1) capital of 5.50%, Tier 1 capital of 7.00%, total capital
of 9.00% and Capital Conservation Buffer (CCB) of 2.50%.
Banks also have to maintain a minimum Tier 1 Leverage
Ratio of 4.5% during parallel run from 1st January, 2013 to
1st January, 2017, as a credible supplementary measure
to the risk based capital requirements.
As per Banks internal estimate carried out to assess the
impact of Basel III, the Bank shall remain adequately
capitalized with CET 1 & Tier 1 capital well above the
stipulated requirement. Also, sufficient headroom is
available with the Bank to raise the capital in case of any
shortfall in future.
With the quantum and quality of capital that the Bank
is having in its books, it is expected that the transition to
Basel III regime would be met without any difficulty upto
FY 2014. Moving ahead, the Banks capital requirement
shall be met by injecting fresh equity capital, retention
of profit, optimization of business levers and proactive
capital planning and management.
Credit Risk Management
The Bank has various risk management systems for
managing Credit Risk with comprehensive policies and
procedures in place.

44

xZ eZq UOa M AkU mU qsrl

Pricing based on credit risk rating.

eZq UOa M AkU mU muz okA M ir Mr


ar W |

Entry barriers fixed based on risk rating.

EkUMiA M AiUM eZq UOa M AkU mU


up mkMUr M xZ qeU AkMU M mirrei
Mr ar |

Credit sanctioning powers are delegated to various


authorities based on internal risk rating of the
borrowers.

zZ AkMU M mU xZ qeU M sL xqi SMh M


mUp Mr ar |

Committee approach for credit sanctioning beyond


branch powers have been introduced.

An exclusive Credit monitoring policy has been put


in place. The loan review mechanism articulated
in the Credit Monitoring Policy covers the entire
gamut of review and monitoring to be an effective
tool for evaluating the loan book continuously and
intends to bring out qualitative improvements
in credit administration including Credit Audit
duly administered by the Credit Administration &
Monitoring Wing.

oM q LM uz xZ laUl li Emsok W | oM M
xZ laUl li q xxm Mr ar Gh xq i
xq M xp mWsA M muUi MUi W ij saiU Gh
oW M qsrMl M sL laUl LM mpu EmMUh W AU
xZ sZ mU xWi xZ mzxl, e xZ mzxl u
laUl upa U mzxi W, q ahiqM xkU sl M
CUS W |

oeU eZq mokl


oM M oeU eZq Rc oeU eZq M Gh xq x
xoki luz, xupa M lwmSl M isl q Gh eZq u
islr qlSQ M mSl MUM AkMiq miTs mmi MUl M
sr MUi W |

Market Risk Management


The Market Risk framework of the Bank aims at
maximizing the return by providing inputs regarding
the extent of market risk exposures, the performance
of portfolios vis-a-vis the risk exposure and comparable
benchmarks.

eZq mokl upa M LMMi qkr Mrsr oeU eZq


M laUl MU UW W | Gh xqL ex urmU oW q Wl Uk
xq, up qS xjir M sL AiUSuxr u Ui-Ui xq,
iuU xq, Ms AiU xq, qS oeU mUcsl mU xq,
luz xupa M sL xzki Auk xq ij uLAU xq
AS eZq mzqM / csM M m q Mr MUl M sL ir
ML aL W | Alr csM M xj Cl xqA M SlM AkU mU
OM MUi W ij AuzrM MUuD mUp MUi W | mpu oeU
eZq mokl M UmOa mhs qeoi M aD W |

Integrated Mid-Office at Risk Management Wing is


monitoring Market Risk Exposure. Exposure limits,
such as, Stop Loss Limits on trading book, Intraday and
overnight limit for various currency positions, Dealerwise limits, Aggregate Gap Limit, Limits on Money Market
Operations, Modified-duration limits for Investment
portfolio and VaR limits are fixed to act as risk mitigants/
triggers. These limits along with other triggers are
tracked daily and necessary actions are initiated.
Reporting system is strengthened for effective Market
Risk Management.

mUcsliqM eZq mokl


oM M mUcsliqM eZq mokl Rc MmUO qsr, AiUM
lrh M xxMi, mpu AiUM UmOa u AMxqMi
Arel x eQ WD liMi, xaPl M xxMi ij qeoi
mUcsl mrA mU AkUi W |

Operational Risk Management


Operational Risk Management framework in the Bank
is based on ethics, organization culture and strong
operating procedures, involving corporate values,
internal control culture, effective internal reporting and
contingency planning.

oM l mUcsliqM eZq M mokl M sL lir, e


eZq mokl xUcl, oq, MUoU lUiUi rel, AEOxxa
u uk eZq ex up mWsA M muUi MUlus,
AmlL W |

The Bank has adopted polices for management of


Operational Risk, which covers various aspects, such as,
Operational Risk Management Structure, Outsourcing
Activities, Business Continuity Plan, Insurance and
Legal Risks.

45

Ao oM "oxM CQMOU Lmc" x oxs II Rc M "LQuxQ


Lmc" q AiUh M sL Aml r z M W | LQuxQ Lmc
M Mrlurl M sL oM l mrL / aiukr mUp M W |
Axi Sri mokl
LM mpu Axi Sri mokl (LLsLq) mhs, up M
oc q xisl, spmSi ij SbMsM uruWri olL UZl
M sL iUsi Lu ore SU eZq xoki q M xqkl MUi
W | oM M lSzM qQs l, Axi ij SlSU M up bOM
M ore SU lkUh, CxM xUcl, mUmYui u Auk AS
xWi LLsLq M Mrmhs M SZUZ M sL Axi Sri
mokl xqi (LLsxA) M aPl Mr W |
xqW eZq
oM M up Alwar, xr Eq, mrei CMDr AS W
e up uuk aiukr q xuL mSl MUi W | oM M Cl
xqW CMDr q mrmi zrU Wl M MUh oM l AiU xqW
sl-Sl ij Gh q eZq M mWcll ij mokl MUl,
xqW CMDr M oc M Wi M xbw M Mq MUl / x ocl
M sL MmUO aullx M xiU M oRl ij MUoU qlSQ
M AlxU CMDr q "Aqx saj xi" M xli MUl M
sL xqW eZq mokl li AmlD W |

At present, the Bank is in the process of migration to


Advanced Approaches of Basel II framework from Basic
Indicator Approach (BIA). The Bank has initiated process/
activities for implementation of Advanced Approaches.
Asset Liability Management
An effective Asset Liability Management (ALM) system,
addresses issues related to liquidity and interest rate
risks in order to maintain a good balance among
spreads, profitability and long-term viability. The Board
of Directors of the Bank has constituted an Asset
Liability Management Committee (ALCO) to oversee ALM
functions, including fixation of interest rates for various
components of assets and liabilities, its composition,
maturity and duration.
Group Risk
The Bank has various Subsidiaries, Joint Ventures and
Sponsored Entities, which are engaged in diversified
activities. As the Bank has considerable stake in these
Group Entities, it has adopted a Group Risk Management
Policy to identify and manage risk in Intra-Group
transactions and exposures, to raise the standard of
Corporate Governance by reducing / avoiding conflicts of
interest between the Group Entities and to ensure Arms
Length Principle among the entities in regard to business
parameters.

Ur mjqMiL

NATIONAL PRIORITIES

mjqMi Aaq
oM Mw, xq u sb Eq, z, Aux, xq Gh, MqeU ua,
Ae / Aee AU uzwMi Asm xZrM xqSr M zqs
MUM Ur mjqMiA M iWi up sr M qWiu Si
A UW W |

Priority Sector Advances


The Bank continues to accord importance to varied
goals under national priorities, including agriculture,
micro & small enterprises, education, housing, microcredit, weaker sections, SC/STs and specified minority
communities.

oM M mjqMi Aaq rj qc 2013 M 48 sZ


EkUMiA M muUi MUi WL `78998 MUQ mWc ar |

Priority Sector Advances of the Bank as at March 2013


reached `78998 crore, covering over 48 lakh borrowers.

(Uz ` MUQ q)

(Amt. in `Crore)

mjqMi Aaq

rj qc
2012

2013

u
Uz

Priority Sector
Advances

As at March
2012

Growth

2013 Amount

Ms mjqMi

67383 78998

11615

17.24

Total Priority Sector

67383 78998

11615

17.24

Mw

31946 40786

8840

27.67

Agriculture

31946 40786

8840

27.67

mir Mw

27848 37984

10136

36.40

Direct Agriculture

27848 37984

10136

36.40

Mw M xZ mSl MUl mU uzw krl Si WL Mw xupa M


iWi oM M Ms Gh uiUh L Ll o x M 18% M AkSz
sr M xiU M mU MUM 18.22% mmi MUM, 40 sZ Mxl
M muUi MUi WL M `40786 MUQ mWc ar |

With a focus on credit delivery to agriculture, the Banks


advances under agriculture portfolio increased to `40786
crore, covering over 40 lakh farmers and achievied 18.22%
of ANBC, surpassing the mandatory target of 18%.

46

mir Mw M iWi Aaq `37984 MUQ UW | Mw M iWi


qWiumh Apu mir Mw M iWi Mr ar W | L Ll o x
M Almi m q Mw xZ 16.97% W ar e M 13.50% M
AkSz sr M xiU M mU MU ar W | mir Mw M Aaq
36.4% u Se MUi WL `10136 MUQ W ar | oM l Mxl
/ aU-Mxl M Txs Gh / xqlr QO MQ (exx)
xuk mSl MUl M sL uzw Aprl csD W |
ur uw M SUl oM 35.96 sZ Mxl M muUi MUM
23.4% M u M xj `33730 MUQ uiUi ML W |
rel M mUp x sMU oM `26524 MUQ M 41.27 sZ
Mxl QO MQ (Mxx) eU M W | uw M SUl `4826
MUQ M 3.90 sZ Mxx uiUi ML | rj qc 2013 M
Mxx M iWi Gh oMr `5969 MUQ UW | oM l xp
m Mxl M LM sZ x AkM lL Mxx m QoO MQ
(LOLq) uiUi ML |
uw M SUl oM Alr mjqMi ex Ae / Aee M sL
Uer mrei xaPl, Aux ij xq Gh M ur xWri
Emsok MUD W |
oM xr m x xUMU U mrei relA, ex mkl
q UeaU aUO Mrq (m Lq D e m), xuh eri aq
xuUeaU rel (Lx e Lx uD), xuh eri zWU xuUeaU
(Lx e Lx AU uD) AU Q AU AD q pa si W |
QAUAD M Aaq 57232 spjr M xj `66.89 MUQ
UW exq x aqh u Ak-vWU zZA U uiUi Aaq
`46.43 MUQ UW |

Advances under Direct Agriculture stood at `37984 crore.


The major accretion under Agriculture was under Direct
Agriculture lending. The Bank crossed the mandated
level of 13.50% of ANBC, by reaching 16.97%. Advances
to Direct Agriculture increased by `10136 crore, showing
a growth rate of 36.4%. The Bank undertook special
campaigns for extending Crop Loans/General Credit
Cards (GCCs) facility to all farmers/non-farmers.
The Bank disbursed `33730 crore under Agriculture,
covering 35.96 lakh farmers during the financial year,
registering an increase of 23.4%.
Since inception of the Scheme, the Bank has issued a
total of 41.27 lakh Kisan Credit Cards (KCCs), amounting
to `26524 crore. During the year, the Bank disbursed 3.90
lakh KCCs, amounting to `4826 crore. As at March 2013,
the credit outstanding under KCCs was `5969 crore. The
Bank has issued more than one lakh new KCCs RuPay
debit cards (ATM) to all eligible farmers.
During the year, the Bank also extended financial
assistance to other priority sectors, such as, state
sponsored organization for SC/ST, housing and micro
credit.
The Bank actively participated in various Government
Sponsored Schemes, such as, Prime Ministers Employment
Guarantee Programme (PMEGP), Swarnajayanthi Gram
Swarozgar Yojana (SGSY), Swarnajayanthi Shahri Rozgar
Yojana (SJSRY) and Differential Rate of Interest (DRI) Scheme.
Advances to DRI stood at `66.89 crore, consisting of
57232 beneficiaries, of which advances by rural and
semi-urban branches constitute `46.43 crore.

Uz 1.33 sZ x erS spjr M xj `652 MUQ WD W |

As at March 2013, the outstanding advances under the


following Schemes aggregated to `652 crore, involving
1.33 lakh beneficiaries.

xUMU U mrei up
up relA M iWi MrlwmSl

Performance under various Government Sponsored


Schemes

rj qc 2013 M Cl relA M iWi uiUi Aaq M Ms

rel M lq
m Lq AU uD
m Lq D e m
Lx e Lx uD
Lx e Lx AU uD
Lx Ls AU Lx
Q AU AD
Ms

Zi M xZr
21088
5857
35518
13150
195
57232
133040

Name of the Scheme No. of Accounts Amt. in `Crore


PMRY
21088
148.77
PMEGP
5857
163.32
SGSY
35518
196.36
SJSRY
13150
75.61
SLRS
195
1.25
DRI
57232
66.89
Total
133040
652.20

Uz ` MUQ q
148.77
163.32
196.36
75.61
1.25
66.89
652.20

47

oM U xqe M uci ua M xWri M m q Ae /


Aee spjr M S aD Aaq rj qc 2013 M 5.31 sZ
EkUMiA M muUi MUi WL `5179 MUQ iM mWc | Ae
/ Aee spjr M S aD Aaq Ms mjqMi Aaq
M 6.56% W |

In support of the underprivileged sections of the society,


the Banks advances to SC/ST beneficiaries reached `5179
crore as at March 2013, covering 5.31 lakh borrowers.
The advances to SC/ST comprised 6.56% of total priority
sector advances.

MqeU ua M Aaq 17.5% uwluw u M xj `26244


MUQ UW | MqeU ua M Aaq L Ll o x U lkUi 10%
qlM M Lue q 11.73% UW |

Advances to weaker sections aggregated to `26244 crore,


with a y-o-y growth of 17.5%. Advances to weaker sections
formed 11.73% of ANBC against the norm of 10%.

rj qc 2013 M MqeU ua Aaq M up ZQ


lqllxU W:

Various components of Advances to Weaker Sections as


at March 2013 is as under:
(Amt. in ` crore)
Sectors
Outstanding
Small & Marginal Farmers, Landless
Labourers, Tenant Farmers and Share
Croppers
22050.00
Artisans, Village and Cottage Industries
646.57
SC/ST Beneficiaries
5178.97
DRI Loans
66.89
SGSY Beneficiaries
196.36
SJSRY Beneficiaries
75.61
SHGs/NGOs/MFIs
1331.42
Advances to SLRS
1.25

NO u xqi MwM, pq Wl qeSU,


MziMU ij zrU TxsMU
MUaU, aq u MOU Ea
Ae / Aee spjr
Q AU AD Gh
Lx e Lx uD spjr
Lx e Lx AU uD spjr
Lx Lc e / Ll e A / Lq LT AD
Lx Ls AU Lx M Aaq

(Uz ` MUQ q)
oMr
22050.00
646.57
5178.97
66.89
196.36
75.61
1331.42
1.25

rj qc 2013 M uzwMi AsmxZrM xqSr M Ms


Aaq `14369 MUQ UW, e mjqMi M iWi lkUi
15% M Lue q Ms mjqMi M 18.19 % W |

As at March 2013, advances to specified minority


communities aggregated to `14369 crore, accounting for
18.19% of the total priority sector advances against the
stipulated level of 15%.

Lq Lx Lq D Gh
rj qc 2013 M xq, sb u qkrq Eq M sL Aaq
`37016 MUQ mWc ar | x e O Lq Lx D M Gh aUO
rel M iWi rj qc 2013 M oM `2528 MUQ M xj
73083 Zi M muUi Mr ar |

MSME Lending
Advances to Micro, Small and Medium Enterprises
(MSMEs) reached `37016 crore as at March 2013. The
Bank has covered 73083 accounts with a loan amount of
`2528 crore as at March 2013 under the Credit Guarantee
Scheme of Credit Guarantee Fund Trust for Micro and
Small Enterprises (CGTMSE).

Lq Lx Lq D M xj xok UWl M qWiu M leU q UZi


WL oM l AiU 7 Lx Lq D xsp Zs W, Aji Gh
mxiu M iuUi lmOl M sL MSMi Gh mxxMUh CMCr
AU 2012-13 M SUl 21 uzwMi Lx Lq D zZL Zs
W | rj qc 2013 M Sz pU q oM M 41 Lx Lq D xsp
W | Aa, Lq Lx Lq D M iWi Gh Sl M sL 6 r/
uzwMi YsxOU relL mri M W | oM l 0.25% x
2.50% iM M bOi ore SU mpui ML ij xeOLqLxD
rel M iWi muUi `100 sZ iM M Gh M sL 0.25%
ore SU Mq ML aL | qWs Eqr M AkU SU mU `5 sZ
iM M Gh mSl ML ij ElM U Emsok xp Gh M sL
ore AlSl p mxiui W | LqLxLqD CMCr M UOa M sL
oM oMuYx CQr sqOQ, MrU, xs, CMU ij xqU M
xj xqfi ml q mu WL W |

Considering the importance attached to MSME


sector, the Bank opened additional 7 SME Sulabhs, i.e.,
Centralized Loan Processing Units for faster clearance of
loan proposals and opened 21 Specialized SME branches
during 2012-13. As at March 2013, the Bank had 41 SME
Sulabhs across the country. Further, the Bank formulated
six area/ cluster specific schemes for exclusive lending
under MSME sector. The Bank effected substantial
reduction in interest rates varying from 0.25% to 2.50%
and also reduced interest rate by 0.25% for loans upto
`100 lakh covered under CGTMSE Scheme. Women
entrepreneurs are offered loans upto `5 lakh at base
rate and also interest concession is available for all other
loans availed by them. The Bank also entered into MoU
with BRICKWORKS India, CARE, CRISIL, ICRA and SMERA
for rating of MSME units.

48

oM M uw M SUl xq, sb u qkrq Eq qsr, pUi


xUMU x LM lQs Lex M m q Gh xo me AlSl
rel (xLsxLxLx) M iWi Lx Lq D CMDr M maM
xiUrl M sL `20.82 MUQ mmi WL W ij uw M SUl mmi
Uz M Zc p Mr ar |
ur xquzl

The Bank received an amount of `20.82 crore from


the Ministry of Micro, Small and Medium Enterprises,
Government of India, during the year as a Nodal Agency
for Technology Upgradation of SMEs under Credit Linked
Capital Subsidy Scheme (CLCSS) and fully released the
amount during the year.
Financial Inclusion

ur xquzl M xmh xqkl


oMa qZr kU M iWi LM oQ uci xqW M sl M qs
Ezr M xj oM aUo M ur EimS u xuL Emsok MUM
AkM xquzi uMx MUl M mrx MU UW W| pUi xUMU
u pUir Ueu oM M lSz M AlxU oM cU xqW q qZr
urukl Aji oMa xUcl M uxiU, mrmi ur EimS
Emsok MUl, maM M urmM u aWl mra MUl AU
mxqjl u WikUM xWpai M qkrq x ur xquzl
M Mrxc M xri x AlxUh MU UW W|
oM l oMa xuk Emsok MUl M sL 2000 x AkM
elxZr us AoOi 1624 au (24 Uer q) M xTsimuM
muUi Mr| 2000 x AkM AoSus au q muUh xli
MUl M mi oM l 2000 x Mq AoSus 1255 au M
p muUi Mr |
Aa, Alus il uw M SUl oMa xuL Emsok MUl M
sL 5867 au (1600-2000 AoSus 465 au, 1000-1599
AoSus 1324 au AU 1000 x Mq AoSus 4078 au)
AU zWU q 150 uQ p AoOi ML aL W |
zZ qQs M iWi uw M SUl ur xquzl au q 64
zZA M eQl M xj ur xquzl au q oM M
Ms zZA M xZr 275 W aD | mNs 2 uw M SUl
Zs aD zZA M 50% ur xquzl au q Zs aD |
MUoU xmM qQs M iWi oM 1426 MUoU xmMMiA M
lrei ML | oM U oxL M lMO laUl ij mzh
M AuzrMi M krl q UZi WL ij au M luxr M
oMa xuA M Emsoki xli MUl M sL 542 Ai sb
zZL Zs aD exq x LM M Erl lrqi zZ M m
q Mr ar W |
lD ur xquzl zZA q MUoU mcU
oM U OrU V ij OrU VI MS q 25% zZL Zsl M
pUir Ueu oM M lkUh M Lue q ur xquzl au q
64 zZL Zs aD e oM U 2012-13 M SUl Zs aD

49

A Complete Solution for


Financial Inclusion
With the basic objective of bringing the large unserved
population under the banking mainstream, the Bank
is striving towards a more inclusive growth by making
financial products and services available to the poor in
particular. As per the Government of India and the Reserve
Bank of India directions, the Bank has been actively
pursuing the agenda of Financial Inclusion (FI), with key
interventions in four groups, viz., expanding banking
infrastructure, offering appropriate financial products,
making extensive and intensive use of technology and
through advocacy and stakeholder participation.
The Bank has successfully covered all the allotted 1624
villages (spread across 24 States) with population above
2000 for providing banking facilities. After ensuring
coverage of villages in the more than 2000 population
category, the Bank has covered 1255 villages in the less
than 2000 population category.
Further, 5867 villages (465 villages with 1600-2000
population, 1324 villages with 1000-1599 population and
4078 villages with less than 1000 population) and 150
Wards in urban centres have been allotted for providing
banking services during the next three years.
During the year, the Bank added 64 branches in financial
inclusion villages, taking the total tally of FI branches to
275 under branch model. During the last two years, 50%
of the new branches opened are located in FI villages.
The Bank has engaged 1426 Business Correspondents
Agents (BCAs) under Business Correspondents (BC)
model. Considering the need for close supervision and
mentoring of BCAs and in order to ensure that a range of
banking services are available to residents of villages, the
Bank has set up 542 Ultra Small Branches, of which, one
has already been upgraded to a regular branch.
Business canvassed in the new FI Branches
During 2012-13, the Bank opened 64 branches in FI
villages, forming 50% of the total 128 branches opened as
against RBI stipulation of 25% of new branches required

128 zZA M 50% W | ur xquzl au q uw 12 ij


ur uw 13 M SUl Zs aD 235 zZL Axil 3562 Zi
u `5.95 MUQ MUoU M xj 8.37 sZ x p AkM Zi
AU `1399 MUQ M MUoU SzL |
AkUpi oci oM Zi M xji
uw M SUl WqU oM U sapa 17.31 sZ AkUpi oci
oM Zi Zs aL exq x 8.12 sZ Zi ur xquzl
au q Zs aL | uw M SUl oLxo Zi q `323 MUQ M
Apu WD | jj qc 2013 M oM M Ms oLxo Zi M
xZr `1143 MUQ eq M xj 60.55 sZ WD |
LM mUuU LM Zi Aprl
"LM mUuU LM Zi" rel M iWi 10883 xu au q
x 9966 (92%) au q Aprl csL aL AU 80% au x
mqhm mmi ML aL |
xcl u xmwh maM (ADxO) qQs
oM l 3.48 sZ aWM M xqO MQ uiUi ML aL | uw M
SUl xqO MQ M qkrq x `35.15 MUQ M 3.40 sZ sl
Sl ML aL |
xq oq
ur uw M SUl oM U xqW M 31117 xSxr M xq
oq msx M iWi muUh mSl ML aL ij oq muUi
xSxr M xci xZr 51185 W |
CsYOlM Wisp AiUh (D o O)
MlOM M cSa, osU, asoa u rSaU ex es q WqU
oM U xqeM xU mzl u Ll AU D e m uil M pail
M Mrlurl Mr ar W | iqs lQ Uer q xqeM xU
mzl pail M sL D o O Mrlui Mr W |

to be opened in tier V and VI centres. 235 branches


opened in the FI villages during FY12 and FY13 have
shown good results with more than 8.37 lakh accounts
and `1399 crore business, working out to an average of
3562 accounts and `5.95 crore business per branch.
Position of Basic Savings Bank Accounts
The Bank opened about 17.31 lakh Basic Savings Bank
(BSB) accounts during the year, of which, 8.12 lakh
BSB accounts were opened in FI villages. There was an
accretion of `323 crore in BSB accounts during the year.
As at March 2013, the total number of BSB accounts
stood at 60.55 lakh with total deposits of `1143 crore.
One Family One Account Campaign
Under One Family One Account Scheme, out of 10883
service area villages, Campaign is completed in 9966
villages (92%) and Certificates are obtained in 80% of the
villages.
Information and Communication Technology (ICT) Model
The Bank issued Smart Cards to 3.48 lakh customers.
During the year, 3.40 lakh transactions involving an
amount of `35.15 crore were done through Smart Cards.
Micro Insurance
During the year, the Bank provided life coverage to 31117
group members under Micro Insurance Policy and 51185
group members cumulatively.
Electronic Benefit Transfer (EBT)
The Bank has taken up implementation of EBT for
payment of MGNREGA wages and Social Security Pension
(SSP) in Chitradurga, Bellary, Gulbarga and Yadgir districts
in Karnataka. In Tamil Nadu, the Bank implemented EBT
for the payment of SSP.

xq u zZL
oM l zWU MS q 19 xq u zZL Zs W, elM Ms
MUoU q raSl `211 MUQ W|

Micro Finance Branches


The Bank has opened 19 Micro Finance Branches in urban
centres, which contributed a total business of `211 crore.

ur xUi MlS (LT Ls x)


MlU oM U Aah oM M EUSriu lplus 26 es
q Wql LT Ls x mUp Mr W AU oM l xUMU usr
q mRlus N M sL OosO MmrOU M eUL ur xUi
Mrq M Arel p Mr W |

Financial Literacy Centres (FLCs)


The Bank has set up FLCs in 26 Lead Districts and provided
financial education to 38153 persons and conducted
financial literacy programmes for children studying in
government schools, using Tablet PC.

50

Mxl Yso
ur uw 13 M SUl 123 Mxl Yso M aPl Mr ar
exx SzpU q oM M 1500 Mxl Yso W ar W | ClW
Mxl Yso M qkrq x aqh eliA M oMa EimS ij
lul maM M oU q xci Mr ei W |
MlU aqh uMx uWl:
oM l aqh eli M oc oM M EimS AU oMa xukA
M elMU Emsok MUl M Ezr x SzpU q 35 es q
MlU aqh uMx uWl Emsok MUD W|
or qOM L O Lq
ur uw 13 M SUl oM l 6 or qOM LOLq CxOs ML
W elM Ms xZr 29 W| rW or qOM LOLq or qOM
sh ex Aasr M lzl M Cxiqs MU Aml Zi
SZl u Uz AWUi MUl r Ua MO M Cxiqs MU zw Uz
mMUh MUl q aqh AlmR aWM M xq oli W|
Gh xWoi
oci oM Zi Zsl M xj-xj oM, MlU lD Sz rel
M iWi MD xU xukL ex AilWi AuUQnO, Mxl
QO MQ, xqlr QO MQ, Q AU AD rel, xur
xWri xqW, xq u xqW, xq oq u xq mzl AS
p mSl MU UW W |

ADAQ - AilWi AuUQnO xuk `466 sZ M xj


13621 spjr M Alqi ML W |

exx - uw M SUl oM U `276 MUQ M xj 1.24


sZ xqlr QO MQ eU ML aL | uw M xqmi mU

Farmers Clubs
During FY13, 123 farmers clubs were formed, taking
the total tally to 1500 spread all over the country.
These farmers clubs disseminate information to the
rural people about the banking products and advanced
technology.
Canara Gramin Vikas Vahini
The Bank has provided Canara Gramin Vikas Vahini
Vehicles in 35 Districts across the country, with an
objective of providing awareness about banks products
and banking facilities among the rural households.
Biometric ATMs
The Bank has installed 29 biometric ATMs as at March
2013. These biometric ATMs enable the rural illiterate
customers to access their accounts using biometric
features like finger prints and withdraw the amount or
get balance confirmation, using color codes.
Credit Linkage
Besides opening BSB accounts, the Bank endeavored to
provide host of other facilities like In-Built Overdrafts
(IODs), Kisan Credit Cards (KCCs), General Credit Cards
(GCCs), Differential Rate of Interest Scheme (DRI), Self
Help Groups (SHGs), Micro Credit Groups (MCGs), Micro
Insurance and Micro Pension under Canara Nayee Disha
Scheme.

IOD - In built OD facility permitted to 13621


beneficiaries, amounting to `466 lakh.

GCC - During the year, the Bank issued 1.24 lakh


GCCs, with total disbursement of `276 crore.
GCCs outstanding at the end of year was 2.85 lakh
accounts, with balance of `600 crore.

KCC- During the year, the Bank issued 3.90 lakh


KCCs, with total disbursement of `4826 crore.
KCCs outstanding at the end of year was 6.14 lakh
accounts, with a balance of `5951 crore.

DRIs - During the year, the Bank financed 0.26 lakh


persons under DRI Scheme, with total assistance of
`36 crore. DRI outstanding at the end of year was
0.57 lakh accounts, with balance of `67 crore.

2.85 sZ Zi q exx oMr `600 MUQ W |

Mxx - uw M SUl oM U `4826 MUQ M Ms


xuiUh M xj 3.90 sZ Mxx eU ML aL | uw
M xqmi mU 6.14 sZ Zi q Mxx oMr `5951
MUQ W |

QAUAD - uw M SUl QAUAD M iWi 0.26 sZ


urr M ur xWri Emsok MUL aL ij `36 MUQ
uiUi ML aL | uw M xqmi mU 0.57 sZ Zi q
QAUAD oMr `67 MUQ W |

51

LxLce - uiql ur uw M SUl 26000 xur xWri

xqW M aPl ML aL | `648 MUQ M xj 32000


LxLce M Gh xWo ML aL | uw M xqmi mU 82000
Zi q LxLce oMr `1331 MUQ W |
mNQ es q qWs xur xWri xqW M oRu Sl M sL
aU xUMU xaPl M lrel
oM M MlOM M cSa, MUs M urlQ u msQ es
q Aah oM M Sriu xm ar W, e mNQ es M m
q uaMi W | u qsr, pUi xUMU M SzlSz M
AlxU rel M Mrlurl M sL cSa es q
kqxjs aqh uMx Mrq M xj, urlQ es M urlQ
xqeM xu xxCO, qliuQ M xj ij msQ es
M el xu xqi u Az TEQzl M xj xqfi ml q
WxiUi ML W | oM l iqs lQ M MlrMqU es M,
xUi eaMi u AkMU M sL, qWsU xb M xj rel
M Mrlurl M sL xqfi ml WxiUi ML W eW mU
oM M Emxji erS W |
LxMQAUQm l cSa es q sapa 8018 qWs xu.
x.xqW M aPl ML W ij SlM 31.03.2013 iM 6071 xqW

SHGs - 26000 SHGs have been formed during


the year. Credit linked 32000 SHGs, with credit of
`648 crore. The outstanding SHG balance at the end
of the year stood at 82000 accounts, with balance of
`1331 crore.

Engaging Anchor NGOs for promoting Women SHGs


(WSHGs) in Backward Districts
The Bank has the lead bank responsibility in Chitradurga
district in Karnataka, Waynad and Palakkad districts
in Kerala, which are classified as backward districts.
As per the guidelines of the Ministry of Finance, Govt.
of India, the Bank has signed MoU with Shree Kshetra
Dharmasthala Rural Development Programme (SKDRDP)
in Chitradurga district, Waynad Social Service Society
Manantwadi in Waynad District, People Service Society
and Hope Foundation in Palakkad district in Kerala for
implementation of the Scheme. The Bank has also signed
MoU with Mahalir Association for Literacy Awareness and
Rights (MALAR) in Kanyakumari district of Tamil Nadu for
implementation, since the Bank has major presence in
the district.

q.xu.x.xqW M aPl ML aL |

SKDRDP has formed about 8018 WSHGs in Chitradurga


district and credit linked 6071 WSHGs till 31.03.2013.
615 SHGs formed and opened SB accounts in Waynad
district and in Palakkad (Kerala), 210 WSHGs are formed.

AkU lqMl

AADHAAR Enrolments

AkU lqMl M mrsO mUrel M iWi 8 Uer M ij 1.95

Pilot Project for Aadhaar enrollments is undertaken in 8


States, covering 1.95 lakh residents. The Bank has already
entered into agreement with UIDAI by signing Aadhaar
User Authentication (AUA) Agreement and with NPCI
for Aadhaar Enabled Payment System (AEPS) & Aadhaar
Payment Bridge System (APBS). The Bank is on-board
with NPCI & UIDAI. The Bank is also participating in pilot
project for direct credit of LPG subsidy.

M Gh xWo ML W | urlQ es q 615 xu.x.xqW M


aPl ML aL ij oci Zi Zs aL AU msQ es q 210

sZ luxr M muUi ML aL | oM rADQLAD M xj


AkU EmraMi mqhMUh M sL MUU q mu WL W AU
AkU xqji pail mhs (L D m Lx) ij AkU pail
oQe mhs M sL LlmxAD M xj p MUU q mu WL
W | Lsme AlSl M xk eq M mrsO mUrel q p
oM paSU W |
oM q QoO rel M Mrlurl
oM U cl aL 43 es q "LM mUuU, LM Zi" Aprl
csL aL ij 2.71 sZ Zi Zs aL | oM l xli Mr
W M xoLx AkU xZrA M MmcU MU xMi W AU oM
U spjr M Aml xuklxU lMS AWUh xukL mSl
MUl M sL mrmi q q zZL, LOLq, lMS QxmxU, oxL
AS xqji ML aL W elM orU lql xUh q Sr ar W:

Implementation of DBT Scheme


The Bank has already campaigned for One Family One
Account in 43 identified Districts and opened over 2.71
lakh new accounts. The Bank has ensured that CBS
can capture Aadhaar numbers and provided adequate
number of access points i.e., branch, ATM, cash dispenser,
BCA, etc. to enable the beneficiaries to withdraw the
money as per their ease and convenience.

52

xqa oM
es M xZr

rj 31.03.2013 M
43

xWpa zZA M xZr

483

AoOi au M xZr

864

AoOi uQ M xZr

596

Zs aL lL Zi M xZr

271396

AkU mu ML aL Zi M xZr

362610

lL LOLq M xZr

109

43 es q Ms LOLq M xZr

483

Bank as a Whole
No. of Districts

As on 31.03.2013
43

No. of Branches participating

483

No. of Villages allocated

864

No. of Wards allocated

596

No. of New accounts opened

271396

No. of A/cs seeded with AADHAAR

362610

No. of new ATMs installed

109

Total No. of ATMs in 43 Districts

483

rj 31.03.2013 M oM U QoO M iWi `38.54 sZ M


1649 slSl ML aL |

As on 31.03.2013, 1649 transactions were carried out


under DBT, amounting to `38.54 lakh.

Aah oM rel
Sz pU q MlU oM M 26 es q Aah oM M EUSriu
lp UW W, elq x AP MlOM q, xi iqslQ q, mc
MUs q, mc EU mSz q AU LM oWU q W| oM MUs Uer
q Uer xiUr oMx xqi (LxLsox) M xrel Mr p
MU UW W |

Lead Bank Scheme


Canara Bank has lead bank responsibilities in 26 Districts
in the country, viz., eight in Karnataka, seven in Tamil Nadu,
five in Kerala, five in Uttar Pradesh and one in Bihar. The
Bank works as the Convenor of the State Level Bankers
Committee (SLBC) in the State of Kerala.

qWsA q Eq uMx

Entrepreneurship Development among Women


Centre for Entrepreneurship Development for Women
(CEDW) at Head Office, Bangalore and Centres at 34 Circle
Offices are working towards economic empowerment
of women. These Centres conducted several training
programmes during the year, including general
Entrepreneurship Development Programmes (EDP),
Entrepreneurship Awareness programmes, Seminars,
Career Guidance programmes, Skills and provided
marketing support to women entrepreneurs by organizing
Canutsav/ Canbazar. CEDW Centres have also assisted
in formation of SHGs and credit linkages. A Rural Self
Employment Training Institute has been set up at Harohalli
to provide EDP skill trainings to women in various vocations
and enable them to take up self employment ventures.
The Institute has so far trained 16486 women in EDP skill
since inception. As against RBIs requirement of 5% of Net
Credit to women beneficiaries, the Bank has achieved 14%
as at March 2013. Over 17.76 lakh women assisted to the
tune `31340 crore. In order to encourage entrepreneurship
and reward successful women entrepreneurs, the Bank
launched an Annual Award Scheme for successful women
entrepreneurs financed by the Bank with 3 cash awards of
`25000, `50000 and `100000. To give focused attention to
the needs of women clientele, the Bank is dedicating 10 all
women employee branches. As a CSR initiative, the Bank
would also take up a project for construction of toilets in
130 girl schools, 5 each in all its 26 lead districts with a
financial outlay of `1 crore.

mkl Mrsr oasU AU 34 Acs Mrsr q qWs Eq


uMx MS xjmi W, e qWsA M AjM xzMUh M
Sz q Mr MU UW W | Cl xp MS l uw q up mzh
Mrq Arei ML, elq xqlr Eqi uMx Mrq
(DQm), Eq eaMi Mrq, xar, UeaU qaSz
Mrq, up Eq q Mzs uMx Mrq zqs W ij
qWs Eqr M umhl xWri mSl MUl Wi MlEixu/
MloeU AS M Arel Mr ar| qWs Eq uMx MlS
l xur xWri xqW M aPl q AU ElW Gh xukL mSl
MUul q p xWra Sr | qWsA M Mzs Eq uMx
Mrq mzh Emsok MUl AU ElW xu UeaU Eq z
MUl q xq oll Wi WUWss q LM aqh xu UeaU
mzh xxjl M aPl Mr ar W| Cx xxjl l Aml
xjml x Ao iM Mzs DQm q 16486 qWsA M mzi
Mr W| rj qc 2013 M qWs spjr M lus Gh mSl
MUl M sL pUir Ueu oM U lkUi 5% sr M Lue
q 14% Wxs Mr W | 17.76 sZ x p AkM qWsA M
`31340 MUQ M xWri mSl ML aL | Eqi M mixWi
MUl M sL ij xTs qWs Eqr M xqqli MUl M
sL oM U uwM mUxMU rel mUp Mr ar W exq
`25000, `50000 ij `100000 M il lMS mUxMU mSl ML
ei W | qWs aWM M AuzrMiA M MSMi krl Sl
M Ezr x oM 10 qWs zZL mUp ML W | oM M MmUO
xqeM EUSriu mWs M m q 130 N usr q, 26
Aah es M 5 usr q, `1 MUQ Zc MUM zcsr
oll M mUrel mUp Mr W |

53

MmUO xqeM EUSriu

CORPORATE SOCIAL RESPONSIBILITY

MmUO xqeM EUSriu


M aiukr q ASz oll

Setting Examples in CSR Activities

zikM uw M mUmU AU xjml xi M Alaql MUi WL


oM MD up MmUO xqeM EUSriu rMsm Aml
UW W | oM M MmUO xqeM EUSriu mWs oW Arq
W elq oUeaU aqh ruA M mzi MUl, mjqM
xuxjr, mr es, xqeM uMx, qWs xzMUh AU Alr
rMsm zqs Wi W|
aqh uMx
oM l Aml "MlU oM ziok aqh uMx lrx" U aqh
ruA q Eq uMx mixWi MUM ElW xuUeaU Mr
Amll M sL mUi MUl M sL 24 aqh xu UeaU mzh
xxjl, 3 MUaU mzh xxjl Lu 4 xcl maM
xxjl M xj 31 uzw mzh xxjl xjmi ML W| uw
2012-13 M SUl Cl mzh xxjA l 26075 EqqSuU
M mzi Mr| Cxx ClM AUp ML el x sMU mzi
oUeaU ruA M xZr 1.76 sZ WD, elq x 73% l Aml
euM oxD W |
oM 17 Uer q 27 aqh uMx AU xuUeaU mzh xxjl
(QxO) M xW-mreM W e aqh ruA M mzi MU
xuUeaU Mrq M sL irU MUi W| 2012-13 M SUl Cl
xxjl l 34779 x p AkM oUeaU ruA M mzi
Mr W| Cl xp xxjl l Ao iM 3.21 sZ oUeaU ruA
M mzi Mr W, elq x 73% l Aml euM oxD W |
oM l WSUoS q Ak mSz xUMU M xj Ak mSz oMx
aqh u Eq uMx xxjl AU MlOM xUMU M xj
Wsrs, MlOM M EU MlU es M mNQ , q SzmQ
xqUM lrx, LM aqh xuUeaU mzh xxjl M xWmrel MU UW W| eqq u MzqU q Eq uMx mzh
xxjl, oasMO q MlOM Mxl xxkl MlS M aPl M
sL oM xWra S UW W AU iqslQ M mSUmSU M AoQMU
xuUeaU mzh xxjl M mrei p Mr W |
uw M SUl oM l meo M ohs es M im qQ q
xuUeaU mzh xxjl M aPl Mr | xxjl M EOl
SlM 16.12.2012 M qllr MlS Us q mul MqU oxs
U Mr ar |

Following the century old tradition and founding


principles, the Bank is engaged in varied Corporate Social
Responsibility (CSR) activities. CSR initiatives of the
Bank are multifarious, covering activities like training
unemployed rural youth, providing primary health care,
drinking water, community development, empowerment
of women and other initiatives.
Rural Development
The Bank, through its Canara Bank Centenary Rural
Development Trust (CBCRDT), has established 31
exclusive training institutes, including 24 Rural Self
Employment Training Institutes, 3 Artisan Training
Institutes and 4 Institutes of Information Technology to
promote entrepreneurship development among rural
youth and encourage them taking up self-employment
activities. During 2012-13, these training institutes
trained 26075 candidates, taking the tally to 1.76 lakh
unemployed youth since inception, with an impressive
settlement rate of 73%.
The Bank has co-sponsored 27 Rural Development and
Self Employment Training Institutes (RUDSETIs) across
17 States, engaged in training of rural youth for taking up
self-employment programmes. During 2012-13, these
institutes trained 34779 candidates. These RUDSETIs
have, so far, trained over 3.21 lakh unemployed youth,
with a settlement rate of 73%.
The Bank has co-sponsored Andhra Pradesh Bankers
Institute of Rural and Entrepreneurship Development
with Government of Andhra Pradesh at Hyderabad
and co-sponsored Deshpande Memorial Trust, a rural
self-employment training institute with Government
of Karnataka at Haliyal, a backward region of North
Canara District. The Bank has supported the setting up
of Entrepreneurship Development Institute at Jammu
and Kashmir, Karnataka Farmers Resource Centre at
Bagalkot and sponsored Dr Ambedkar Self Employment
Training Institute, Puduppur, Tamil Nadu.
During the year, the Bank set up its first Rural Self
Employment Training Institute in Punjab at Tapa Mandi,
Barnala District. The Institute was inaugurated by
Shri Pawan Kumar Bansal, Honble Union Minister for
Railways on 16.12.2012.

54

xci m x oM U mrei / xW-mrei, xWri mmi


mzh xxjA M xZr 61 W exl Ao iM 5 sZ x p
AkM oUeaU ruA M mzi Mr AU Elq x 73% l
Aml AeuM oxD W |

Cumulatively, the Bank has sponsored/ co-sponsored/


supported 61 training institutes which have trained more
than 5 lakh unemployed youth so far, with a settlement
rate of 73%.

MlU oM M aqh Axmis xu rel qsM cMix


xukL lW UWl us SUxj mi q qsM xuxjr xuL
Emsok MU UW W | oM l Ao iM Sz pU q 39 Lx YslM
csl M sL 565 QYOU M xWri mSl ML W |

The Bank has a noble scheme of Rural Clinic Services at


remote villages, lacking basic medical facilities. The Bank
has so far assisted over 565 doctors to run 39 such clinics
across the country.

oM l qWs Eqr, xur xWri xqW AU MUaU M Aml


EimS ocl M sL WD-OM xukA rj MxOqosO, xUFe x r "qoCs xsx ul" Sl q S W|
uw M SUl mMiM umSA x Swmpui sa M xWri
MUi WL oM M xqeM Mr M l USl zuU, xuxjr
zuU AS Arei Mr| xqe M xukWl ua M qSS
S UW W AU up Mrq AU rMsm Arei MUi WL
N M p mixWi MU UW W|

The Bank has donated a hi-tech, custom built, solar


powered Retail Mobile Marketing Van to assist women
entrepreneurs, SHGs and artisans to market their
products.
During the year, the Banks Social Action Cell organized
blood donation camps, health camps and assisted people
affected by natural calamities and challenged section of
the society. It has also encouraged students by conducting
various programmes and activities.
Visits by Parliamentary Committees

xxSr xqir M SU
uw 2012-13 M SUl Ae / Aee Msrh mU xxSr xqi,
q mU xjr xqi, xzMUh u xqeM lrr mU xjr
xqi AU uher mU xjr xqi l oM M SU Mr |

During 2012-13, Parliamentary Committee on Welfare


of SC/ST, Standing Committee on Labour, Standing
Committee on Social Justice and Empowerment and
Standing committee on Commerce visited the Bank.

xaPl u xqjl xur

ORGANISATION AND SUPPORT SERVICES

zZ i

Branch Network

pUi pU q uxii Emxji

Expanding Pan India Presence

uw M SUl oM l Sz pU q oQ mql mU zZ uxiUh


Aprl csMU Alr 128 bUs zZL eQ| rj qc 2013
iM 5 xqSmUr zZA M xj oM M 3728 zZL W|
zZ i M xUcl
h

Composition of Branch Network


zZA M xZr
31.03.2012

31.03.2013

qWlaUr

777

811

zWU

792

795

AkzWU

1019

1055

aqh

1007

1062

3600

3728

xqSmUr
Ms zZr

Continuing its branch expansion drive, the Bank added


128 domestic branches during the year. As at March
2013, the Bank had 3728 branches, including 5 overseas
branches.

Category

31.03.2012

31.03.2013

Metropolitan

777

811

Urban

792

795

Semi-urban

1019

1055

Rural

1007

1062

3600

3728

Overseas
Total Branches

55

No. of Branches

oM M 161 uzwMi zZr up aWM xua M ulS


ur AuzrMir mU MU UW W |
uzwMi zZA M hr

The Bank has 161 specialized branches, catering to the


specific clientele segment.
Categories of Specialized Branches

31.03.2013

31.03.2013

1. s q E

72

1. SMEs

72

2. xqSmUr

16

2. Overseas

16

3. Mw u

10

3. Agri-Finance

10

4. xq u

19

4. Micro Finance

19

5. oci

5. Savings

6. Alux pUir

6. NRIs

7. Axi uxs mokl

7. Asset Recovery Management

8. mCq MmUO

10

8. Prime Corporate

10

9. AaM u

9. Industrial Finance

10. xOM ulqr

10. Stock Exchange

11. me oeU

11. Capital Market

12. qWs oMa

12. Mahila Banking

13. Aux u

13. Housing Finance

14. zUUM m x Aq M sr zZ

14. Branch for Physically Challenged

15. uzwMi xUMU MUoU zZ

15. Specialized Govt Business Branch

Ms

TOTAL

161

xcl maM
aM mai
oM l uw M SUl xcl maM q up MSq
EPr j | oM Ao COUlO oMa, qoCs oMa, lnO AU
AU.O.e.Lx. M eUL lkr M AiUh, Lx.Lq.Lx. AsO,
AD.u.AU.Lx. M eUL mNiN AS ex maM oMa
xuA M mz-Mz MUi W | oM Aml ZS M Alwa qxx
MlU oM xYrUOe M eUL aWM M Bl sCl OQa
xuk p Emsok MUi W |
rj qc 2013 M 1296 MS q oM M 3526 L O Lq xji j|
uw M SUl oM l 668 L O Lq eQ| WD-OM oMa xukL,
ex LOLq, lMS / cM xuMiMi, mxoM mOa MrxM,
COUlO oMa, BlsCl urmU ij Os oMa, r D-sle
M aPl oasU ij Sss q Mr ar W AU uw 2013-14
M SUl Lx MD D-sle Zsl M relL W | qoCs
oMa M iWi oM l ADLTLxx MO u Zi xZr Cxiqs
MUM LqLqADQ M EssZ M ol lk AiUh M sL
AiUoM qoCs pail xu (ADLqmLx) AU ADuAULx
mU ADLqmLx M qkrq x Lq-Mqx (qoCs Om-Am) u
urmU pail xqji Mr W |
oM l COUlO oMa M iWi MN qsr ukl ML elq
ADLqmLx M qkrq x 24X7 lk AiUh, LaaOx OCqx
ql M sL CsYOlM pail COUTx, OMm, rOsO os M

161

InfoTech Progress
The Bank took several initiatives on the InfoTech front
during the year. The Bank now offers several technology
banking services, such as, Internet Banking, Mobile
Banking, Funds Transfer through NEFT and RTGS, SMS
Alerts, IVRS based enquiry across all its branches. The Bank
also offers online trading facility to its clients through its
own subsidiary M/s Canara Bank Securities Ltd.
As at March 2013, the Bank had 3526 ATMs spread
across 1296 centres. During the year, the Bank added 668
ATMs. E-lounges with hi-tech banking facilities like ATM,
Cash/ Cheque Acceptor, Passbook printing kiosk, internet
banking, online trading and telebanking have been set
up in Bangalore and Delhi and more such lounges are
planned during 2013-14. Under mobile banking, the
Bank enabled interbank mobile payment service (IMPS)
using IFSC code and account number for transfer of
funds without mentioning MMID, M-commerce (mobile
top up) and merchant payments (mobile top up) through
IMPS on IVRS.
The Bank has made a few value additions under internet
banking that include 24X7 fund transfer facility through
IMPS, Electronic Payment Interface for Aggregators Times

56

pail xuk mSl MUl M sL LOq u xx Lulr, kUh M


uuUh SZl M sL QqO ur , lrqi AiUs q Zi uuUh
ml M uMsm AU Gh Zi M sL xjr ASz xuk AS
zqs W |

Money, Techpro, Atoms and CC Avenue for providing


wide range of utility bill payments facility, Demat
View enabled to view the details of holdings, option to
subscribe for account statements at customized intervals
and standing instructions facility for loan accounts.

ore SU q mUuil, AmUcsi Mx Zi, eqA M AiSri


ij AlxqUM, cM oM eU MUi xqr LxLqLx AsOx,
Gh Mxi mU AsOx AU aWM M Alr AsOx AS M
sL LxLqLx / D-qs AsOx xqji Mr ar W | COUlO
AkUi BlsCl Gh AuSl ij xji OMa mhs uMxi
ML aL AU Emp Gh, z Gh, Mxl QO MQ, Mw
qzlU Gh, QrU Gh, MmUO Gh AS 15 Gh EimS M
sL eU ML aL |

SMS/ E-mail alerts have been enabled on rate of


interest changes, inoperative CASA accounts, deposits
due date reminder, reminder alerts on the issuance of
cheque books, alerts on loan installment and arrears for
customers. Internet based online loan applications and
status tracking system was developed and released for
15 loan products including consumer loans, education
loans, kisan credit card, farm machinery loan, diary loan,
corporate loans, etc.

AiUM iU mU MlU xuelM zMri luUh mhs uMxi


Mr ar W AU xqlr eli M Aml zMri UexOU MUl
M sL xqji Mr ar W |

Canara Public Grievances Redressal System has been


developed in-house and enabled for general public for
registering grievances online.

MD xUMU MUoU qs Mrlui ML aL exq QeOs


m x WxiUi pail mkMUh M qkrq x lkr M AiUh
M sL MU sZMl xsrzl (xUMU D-pail aOu), mkl
q Ur UWi lk M D-pail M sL xnOurU qs,
Ur mzl mhs M BlsCl xnOurU M uqcl, mzl
pail M mimi M Su M sL MlSr mzl mxxMUh MlS
q D-xs Mrmhs M Mrlurl AS zqs W |

Several
Government
business
modules
were
implemented including core accounting solution (Govt.
E-payment gateway) for disbursement of funds through
digitally signed payment authorizations, software
module for E-payment of Prime Ministers National Relief
Fund, release of National Pension System online software,
E-scroll functionality implementation in Central Pension
Processing Centre for claiming reimbursement of pension
payments.

uw 2012-13 M SUl WD mqZ uMx pUir Ueu oM M


xucsi QO muW (L Q LT) M mr j, e pUir Ueu
oM M qlur Wxim M ol xqr mU PM QO M muW
xli MUi W | uw M SUl oM l mokl lhr xWra u
MUoU uxiUh M sL MUoU mi/MUoU uzswM us
mpu DQQosr xjmir M aPl M sL xp mrelqsM
upa x AuzrM elMU LMi MUM COUmCe uCQ QO
urUWEx (DQQosr) M lq M LM qWiumh mUrel AUp
M W |

The notable development during 2012-13 was the


completion of Automated Data Flow (ADF) process,
ensuring accurate and timely data flow to the Reserve
Bank of India without manual intervention. Enterprisewide Data Warehouse (EDW) project has already been
initiated for setting up an effective EDW architecture,
with Business Intelligence/ Business Analytics modules
for management decision support and business
expansion.

qlu z
rj qc 2013 M oM q 42693 MqcU MrUi W|
MqcUr M Ms xZr
AkMU
smM
Aklxj MqcU*

qc 2012
42272
17419
15802
9051

qc 2013
42693
17835
16095
8763

Manpower Profile
As at March 2013, the Bank had 42693 employees on its
rolls.
Total No. of Employees
Officers
Clerks
Sub-Staff*

March 2012
42272
17419
15802
9051

March 2013
42693
17835
16095
8763

*Az-MsM MqcU xWi

* includes part-time employees (PTEs)

oM q 41.8% AkMU, 37.7% MqaU ij 20.5% Aklxj


MqcU W| oM q qWs MqcUr M Ms xZr 10849 W e

The Banks staff comprised 41.8% Officers, 37.7% Clerks


and 20.5% Sub-Staff. Women employees comprising

57

oM M Ms MqcUr M 25.4% W| uw M SUl oM l 1003


qWs MqcUr M lr Mr W AU 131 qWs MqcUr
M mSi Mr W|
uw M SUl oM l 3374 urr M up hr q pi Mr
elq 511 Alxci ei M W AU 205 Alxci elei
xua M W | rj qc 2013 M oM M pimu xlM MqcUr
M Ms xZr 2427 W AU Elq x 285 uw M SUl up
hr q pi WL W| oM M MqcU ah q 941 zUUM m
x uMsa MqcU W|
A.e. AU A.e.e. M xok q AUh li
rj qc 2013 M oM q Ms MqcUr M xZr q x
Alxci ei ij Alxci elei M xZr 25.92% W |
rj qc 2013 M oM q A.e. / A.e.e. MqcUr M xji
lqllxU W:
ua
AkMU
smM
Aklxj MqcU +
A.M.M.
Ms

Alxci
ei
3150
2875
2499

Alxci
elei
1200
957
384

8524

2541

oM, pUi xUMU M SzlSzlxU Alxci ei ij


Alxci elei M qqs q AUh li M Almsl xZi
x MUi A UW W |
M) AUh li mS AkUi isM i M qkrq x Mrlui
Mr ei W | u qsr, pUi xUMU M lSzlxU
AUh li M Mrlurl mS AkUi isM i M U
xp xua M sL Mr ei W |
Z) pUi xUMU M SzlSzlxU A.e. / A.e.e. M
EqqSuU M xk pi ij mSi q AUh / NO /
Urri S ei W |
a) Alxci ei AU Alxci elei M EqqSuU M
pi-mu AU mSi-mu mzh Sr ei W | smMr
AU AkMU hr M sL m Aprjr x AuSl
Aqi MUl M uml q A.e. / A. e.e. / p.uMsa
/ AsmxZrM ua / pimu xlM Aprjr M sL pimu mzh SL el M oU q uz EssZ Mr ei
W | pimu mzh q pa sl M sL CcNM Aprjr M
sZi mU ij xiMU M sL Aml Am M irU MUl
Wi mzh Sr ei W | mzh M Auk 6 Sl W |

10849, constituted 25.4% of the Banks total staff.


The Bank recruited 1003 women employees and
promoted 131 women employees under various cadres
during the year.
During the year, the Bank recruited 3374 persons in
various cadres, out of which 511 belonged to Scheduled
Castes (SCs) and 205 to Scheduled Tribes (STs) categories.
The total number of ex-servicemen staff as at the end
of March 2013 stood at 2427. Out of which, 285 were
recruited in various cadres during the year. There were
941 Physically Challenged Employees on the rolls of the
Bank.
Reservation Policy in respect of SCs and STs
As at March 2013, the number of Scheduled Castes and
Scheduled Tribes together constituted 25.92% of total
staff strength of the Bank. The composition of SC/ST
employees in the Bank as at March 2013 was as under:
Cadre
Officers
Clerks
Sub-staff + PTEs
Total

Scheduled
Castes
3150
2875
2499
8524

Scheduled
Tribes
1200
957
384
2541

The Bank has been strictly adhering to the Reservation


Policy in respect of Scheduled Castes and Scheduled
Tribes as per the Govt. of India guidelines.
(a) Reservation Policy is implemented through
mechanism of Post Based Rosters. In terms of the
directives of the Ministry of Finance, Government of
India, the Bank has since switched over to Post Based
Rosters for all cadres.
(b) The Bank has been extending Reservation/
Relaxations/Concessions in Direct Recruitment as
well as in promotions to candidates belonging to
Scheduled Castes and Scheduled Tribes as per the
Govt. guidelines.
(c) Pre-recruitment and Pre-promotion training is given
to candidates belonging to Scheduled Castes and
Scheduled Tribes. In the Advertisement inviting
for the application from the eligible candidates for
recruitment to Clerical and Officer cadres, a specific
reference is made with regard to imparting of prerecruitment training to candidates belonging to SC /
ST / PWD / Minority Communities / Ex-Servicemen.
Such of those candidates who opt for pre-recruitment
training will be given training to prepare themselves
for written test as well as interview. The duration of
the training is 6 days.

58

xp mipar M Akrrl xqa, sZl xqa AS


lzsM Emsok MUr ei W | eW iM xpu W, xoki
Uer xUMU p, xUMU / mNQ ua M WxOs q Auxr
xukL Emsok MUi W |
b) oM M U mkl Mrsr ij Acs Mrsr xiU mU
A.e. / A.e.e. M M xjml, isM M UZ-UZu
ij AUh li M Alr mWsA M Mrlurl M sL M
ar W |
X) mkl Mrsr q qZr xmM AkMU ij Acs Mrsr
xiU mU xmM AkMUr M lr AUh li M
Mrlurl M xli MUl M sL M aD W |
Aa, A.e. / A.e.e. xb M eUL r xk mmi Alxci
ei AU Alxci elei M MqcUr M ApruSl mU
xmM AkMU / qZr xmM AkMU U MUuD M ei
W | eW iM AuzrM W mNiN AU Eci MUuD M ei
W | Alxci ei AU Alxci elei M MqcUr x
mmi up ApruSl M UMQ MUl M sL LM Asa
UexOU UZ ar W AU M aD MUuD p Ex UexOU q
Se M ei W |
Emr M Asu oWxZrM Alxci ei AU Alxci
elei MqcU xb M milkr M AUh li M
SzlSz M Mrlurl M oU q oM M qZr MrmsM
M xj cc MUl Wi iqW oPM q Aqi Mr ei
W | Acs Mrsr q p iqW oPM Arei M ei
W eW isM M UZ-UZu Wi W AU MD zMri W i
xmM AkMU U ExM luUh Mr ei W |
c) oM M lSzM qQs p AUh li M Mrlurl q
M ar mai M xq AkuwM ij uwM AiUs mU
MUi W |
qlu xxkl uMx (Lc AU Q) aiukr
oMa ex xu ElqZ Ea M sL qlu xxkl qs AkU
eul UZ Wi W | oSsi WL oMa mUuz M Alm Wl
M sL oM q qlu xxkl lir M ml: Ze ar W AU
oUoU MSi ML aL W| mjq m M MqcUr q uruWUM
mUuil sl MsL "xmSl" AU mx xxjA M qkrq x
MrmsM q ahu sl AU YusO xMs, xOQ xMs,
MqcU oPM, qxiwM qjl x AS ex qlu xxkl xkl
MUaU Oq lqh AU xqWM xuiMi M sL Mrlui
ML aL|
oM M Aml aiukr M 4 zsr, ex AiUM mzh,
o mzh, Mml mzh u uSz mzh, M muUi

59

Study materials, note book, stationeries are provided


free of cost to all the participants. Wherever possible,
respective State Governments are also providing the
Lodging Facilities in Government / backward class
hostels.
(d) The Bank has setup SC/ST Cell at the Head Office
and also at Circle Offices to ensure maintenance
of Rosters and implementation of other aspects of
Reservation Policy.
(e) Chief Liaison Officer has been nominated at Head
Office and Liaison Officers have been nominated
at Circle Offices for ensuring implementation of
Reservation Policy.
Further, representations received from Scheduled
Caste / Scheduled Tribe employees, either directly or
through the SC/ST Associations, are being looked into
by the Liaison Officer/Chief Liaison Officer. Wherever
required, necessary enquiries are conducted and
appropriate action is taken. A separate register is
maintained for recording various representations
received from Scheduled Caste/Scheduled Tribe
employees and the action taken is also recorded in
the register.
In addition to the above, the representatives
of majority Scheduled Caste/ Scheduled Tribe
Employees Association are invited for Quarterly
Meeting with the Chief Executive of the Bank to
discuss on the implementation of guidelines on
reservation policy. Quarterly Meetings are also held
at Circle Offices, where Rosters are maintained and
grievances, if any, are redressed by the Liaison Officer.
(f) The Board of Directors of the Bank also review the
progress made in the implementation of Reservation
Policy on half yearly and yearly basis.
Human Resource Development (HRD) Activities
The HR policies of the Bank have been revisited to suit
the changing banking scenario. HR interventions like
SPANDAN for bringing attitudinal change among front
line staff and Executive grooming through reputed
institutes and other significant HR tools like Quality
Circles, Study Circles, Staff Meetings and Brain Storming
Sessions have been implemented for effective team
building and fostering collective excellence.
The Bank has an exhaustive training process covering
4 genres of activities, viz., Internal Training, External

MUlus urmM mzh mr W | oasU q oM M MqcU


mzh qWusr AU 13 Alr MlS q r MqcU mzh
qWusr xji W | MqcUr M qlos oRl M sL ij
oMa M up mWsA M xok q mzi MUl M sL
up MmUO xxclL eU Mr ei W |
uw M SUl oM l 31100 MqcUr M up MriqM
ex xZ Apulrx, MEOU MqcUr M sL umhl ij
smM, AkMUr, aqh AkMUr u iMlM AkMUr
M sL muz Mrq AS M muUi MUi WL mzi Mr
W | mzi MqcUr q 6452 A.e. h M MqcU, 1829
A.e.e. h M MqcU AU 7528 qWs MqcU zqs W |
oM l 2 lL mzh Mrq ex "eaUh" u "AkUpi xZ
qsrMl u laUl" Mrq mri u Mrlui Mr |
eaUh Auxr AkU mU mii xxjl M qkrq x oWU
xjl mU MqcUr M ilu x q MUl M sL Arei
"xnO xMs" Mrq j | uw M SUl Cx Mrq M iWi
7584 AkMUr u smM M mzi Mr ar |
oM l xqlr mua M AkMUr M cl aL 10 q
uzw M pqM lpl M AuxU mSl MUl M sL LM
uzw Mrq, "mip oM (OsO oM)" mri Mr W |
Alus uw q LM Eci mip mokl u mUxMU mhs xjmi
MUl M sL oM M krl MSi Mr eLa | Cxq xpui
sQU M mWcl MUl M sL ij AiU eqqSU xpsl
Wi ElW irU MUl M sL Px mrx Mr eLa |
ADADLq, eLlADoLT, ADLxo, LYxLsAUAD,
LlADoLq CirS mii up xxjA q AuzrMi
AkUi AU MSi mzh M eUL MrSs M qi q
xukl MUl M oM M Ze eU UWa | eZq mokl,
UeMw mUcsl, xcl maM AS ex MN qWiumh
q uzw uMxi MUl Wi uz Mrq p Arei
ML aL |

Training, In company Training and Foreign Training.


The Bank has Staff Training College at Bangalore and
13 Regional Staff Training Colleges. Various corporate
communications are brought out to boost the morale
of the employees and educate them in various facets of
banking.
The Bank trained 31100 employees during the year,
covering a wide range of functional areas including
Credit Orientation, Marketing for Counter Staff and
Induction Programme for Clerks, Officers, Rural Officers
and Technical Field Officers. Out of the trained staff, 6452
personnel belonged to the Scheduled Caste category,
1829 belonged to the Scheduled Tribe category and
7528 were women employees. The Bank designed and
implemented 2 new training programmes, viz., Jagaran
and Basic Credit Appraisal and Monitoring.
Jagaran was a soft skills training programme conceived
to de-stress employees through the institutes of repute
at external venues on residential basis. During the
year, 7584 Officers and Clerks were trained under this
programme.
The Bank has envisioned a novel programme, viz., Talent
Bank to provide opportunities for generalist officers to
assume the role of specialists in 10 identified streams.
Establishing a proper Talent Management and Reward
System will be the Banks focus in the coming years. There
will be concerted efforts to identify potential leaders and
groom them to take up higher responsibilities.
Further, the Banks quest to enhance the competencies
of the workforce continued through focused and need
based trainings at various institutes of repute like IIMs,
JNIBF, ISB, XLRI and NIBM. Customized programmes are
also organized to develop expertise in certain niche areas
like Risk Management, Treasury Operations and IT.

AuzrMi M AkU mU uU mokM xiU / E mokl xiU M


MrmsM M sL uzwMi mzh Mrq Arei ML
aL| Cx mzh M eUL oM Aml AkMUr M lukl q
AU ElM lL ez ij EixW x Mq MUl M sL mixWi
MU xM W |

Specialized trainings to the Senior Management Level/


Top Management Level Executives are conducted based
on the requirement. The Bank has been able to add
substantially to the skill level of its officials through this
training intervention and motivating them to perform
with renewed vigor and enthusiasm.

oM l uiql qlu xxkl lir M xq u xkU ij


MqcU ucloi mWs q ie sl us xfu M xql
sl M sL qlu xxkl mU lSzM qQs M LM Em xqi
M aPl Mr W|

The Bank has formed a Sub-Committee of the Board of


Directors on HR to review and improvise the existing
HR policies and make suggestions to accelerate the
employee engagement initiatives.

60

xaPliqM x
xUcl
cl q mUuil
xaPliqM m u Rc mU SoU krl Sr ar AU ExM
Akrrl Mr ar AU ExM MriqM EiMi mU krl Sr
ar|
urmU eOsiA, MN qWiumh Mr q AkM krl MlSi
MUl M AuzrMi AS M qleU mkl Mrsr M upa
M mlaPl Mr ar | uw M SUl LM lr upa, umhl u
MUoU mr mlulrx upa, M aPl Mr ar |
aWMlqZi
iimU xu Emsok MUl, uuk EimS / xuL Sl, aWM M
mN-iN M euo u aWM M zMri M luUh MUl M U
oM aWM M AmA M Alm MSq EPi W| oxLxoAD
U eU aWM M mi mioi xWi ' oM M uoxCO mU
Emsok W| zZA U S el us aWM xu M qsrMl
MUl AU ExM mixcl mmi MUl M sL oM M uoxCO
q LM aWM xi xuh mm' Emsok MUD aD W| aWM x
xfu mmi MUl M sL uw M SUl 15.11.2012 x 30.11.2012
iM LM aWM mZuQ M Arel Mr ar|
aWM M ElM zMri mxii MUl M sL aWM xu Alpa,
mkl Mrsr q Os T xmM xZr Emsok MUD aD| L O
Lq mUcsl u MQ x xoki qqs M mxii MUl M sL
EmraMiA M sL L O Lq xuc M, MQ mpa q p Os
T xmM xZr Emsok MUD aD W|

Changes in the Organizational Setup


The organizational design and structure are continuously
revisited and studied for functional excellence.
Keeping in view the increased business complexities, the
need for more focus on certain key functional areas, the
re-organization/re-aligning functions of Wings at Head
Office was undertaken. A new Wing, namely, Marketing
and Business Process Reengineering Wing was formed
during the year.
Customer Orientation
The Bank has taken several initiatives to remain customer
focused through providing fast service, bringing in
diversified products/services, responding to customers
queries and redressal of customer complaints. The Code
of Commitment to Customers issued by BCSBI is made
available in the Banks website. To assess the quality of
customer service rendered by the branches and to get
feedback, Customer Satisfaction Survey Form is made
available in the Banks website. Customers Fortnight
was conducted from 15.11.2012 to 30.11.2012 inviting
suggestions from customers.
Toll free contact at Customer Service Section, Head Office,
is provided to facilitate the customers to represent their
grievances. Toll free contact facility at ATM switch room
and Card Division are provided to the users to represent
the matters pertaining to ATM operations and Card
business.

Ms xOU aWM M 6 r pwA q xuL Emsok MUi


W | uw M SUl mmi Ms 10.28 sZ x AkM j AU aWM
zMri luUh M mizi 98% UW| uw M SUl 5075 zMri
mmi ML aL ij 4968 M luUh ML aL | uw M SUl oMa
sMms U mmi u luUi zMri M xZr 1300 W |

Call Centre is functioning to cater to customers in 6


regional languages for redressal of grievances. The
number of calls received by the Call Centre during the
year is more than 10.28 lakh and percentage of complaint
redressal is 98%. During the year, 5075 complaints were
received and 4968 complaints have been redressed. 1300
Banking Ombudsman cases were received during the
year and resolved.

MlS xUMU mzl M xcsl u mzl xok zMri M luUh


M sL MlSMi mzl mxxa M M aPl Mr ar | Zi
Zsl xok Mr M sL clS eaW mU MlSMi mxxa
MlS M p aPl Mr ar | oM U MlU sM zMri luUh
mhs (xmeAULx) mOs M iWi aWM M sL BlsCl
zMri luUh xuk Mrlui Mr ar |

Centralised Pension Processing Cell has been established


exclusively for handling Central Government pensions
and resolving pension related grievances. Central
Processing Centres are established at selected places for
account opening purposes. The Bank has implemented
online grievance redressal facility for customers in the
Website, to lodge their grievances online under the portal
Canara Public Grievance Redressal System (CPGRS).

oMa sMms, pUir Ueu oM ij oxLxoAD


M iiuukl q qoD, Sss, iulimUq, qxU, qSU u
uzZmhq xWi up MlS q "OEl Ws aWM oPM"
M Arel ML aL |

Town Hall Customers Meets were held at different


Centres including Mumbai, Delhi, Trivandrum, Mysore,
Madurai and Vishakapatnam in association with the
Banking Ombudsman, RBI and BCSBI.

61

mir Lu mrL
uw M SUl Bl-xCO AUoADL M sL irU 2327 zZA/
CMCr q eZq AkUi AiUM sZmU (AUoADL)
Arei M aD| AUoADL M xj xcl xU sZmU p
Arei M aD| pUir Ueu oM SxlSz M AlxU rj
31.03.2012 iM oM M 730 zZA / DMCr (eqA M
70.2% AU Aaq M 80.5% muUi MUi WL) M xaq / xii
sZmU M aD| esl xqi M xTUz M AlxU 543
clS zZA M iqW AkU mU Ar / Uexu sZmU M
aD| uw M SUl 26 Acs Mrsr ij mkl Mrsr M 15
upa q AUoADL M Arel Mr ar |
BTxCO slSl laUl M (AOLq M) M xj-xj oM
l uw M SUl BTxCO laUl u AxkUh slSl M OM
MUl M sL Acs Mrsr q p BTxCO laUl M M
aPl Mr W | zZA q eZq M AueW M laUl M
sL SzlSzlxU zZA / Mrsr M qkruk BTxCO
eZq lkUh ML aL |
iuUi xkUiqM MUuD MUl M Ezr x clS q ucsl
M xji, rS W i, M mi sal M sL xmsa iMlM M
mUp Mr ar | AUoADL, LsLTLAU ij LLTAD Ommhr
M mi Wxs M aD mai M xq M sL luW sZ
mU z M aD | Axir M xU xli MUl M sL
zZA M AUoADL M SUl DLqO mUxmr / Sxiue
M 100% xirml p z M aD |
Aml aWM M elL (M.uD.x.)
oM U Aml aWM M elL AU klzkl luUM x xoki
SzlSz M mpu Mrlurl Wi MD Emr ML aL W AU
xp zZA q M.uD.x. M 100% Almsl xli Mr
ar W |
M. uD. x. / L.Lq.Ls. SzlSz M oWiU Almsl xli
MUl Wi lqlMi MSq EPL aL W :

oM ur ZTr CMD (LT AD r) M lMS xuruWU


UmO (xOAU) u aU sp xaPl xuruWU UmO (Ll O
AU) M 100% mxiiMUh xli MU UW W|

xSak xuruWU UmO (Lx O AU) u es qS UmO


(xxAU) M mxiiMUh LT AD r (AD Ll Q) M Mr
ei W|

M uD x / L Lq Ls qlSQ M Almsl M xirml M


sL xp Acs Mrsr M muUi MUi WL rScNM Ra
x cl aD 80 zZA q qxM AkU mU AMxqi sZ
mU M ei W|

Systems and Procedures


Risk Based Internal Audit (RBIA) was conducted in 2327
branches / units programmed for on-site RBIA during the
year. Information Security Audit was conducted along
with RBIA. Concurrent / Continuous Audit is conducted
in 730 identified branches / units (covering 70.2% of
deposits and 80.5% of advances) as on 31.03.2012 as per
RBI guidelines. Income / revenue audit was conducted
on quarterly basis in 543 identified branches as per Jilani
Committee Recommendations. RBIA was also conducted
in 26 Circle Offices and 15 Wings of Head Office during
the year.
Besides having an Offsite Transaction Monitoring Cell
(OTM Cell), the Bank opened Offsite Monitoring Cells at
all Circle Offices during the year to strengthen the offsite
surveillance and to track exceptional transactions. Midterm Offsite risk assessment of branches/offices was
carried out as per guidelines, to monitor movement of
risk at branches.
Sampling Technique was introduced in select areas
to know the extent of deviation, if any, in order to take
corrective action immediately. Sustenance Audit was
introduced to review the progress made in respect of
RBIA, LFAR and AFI observations. 100% verification of EMT
properties / documents during RBIA of branches was
introduced to ensure safety of assets.
Know Your Customers (KYC)
The Bank took several measures for the effective
implementation of Know Your Customer (KYC) and Anti
Money Laundering (AML) guidelines and for ensuring
KYC compliance by all branches.
To ensure better compliance of guidelines on KYC / AML,
following steps have been initiated.

The Bank has ensured 100% submission of


Cash Transaction Reports (CTRs) and Non-profit
Organizations Transactions Reports (NTRs) to
Financial Intelligence Unit (FIU).

Suspicious Transaction Reports (STRs) and


Counterfeit Currency Reports (CCRs) are submitted
to FIU promptly.

Snap Audits conducted every month at 80 randomly


selected branches, covering all Circles to verify
adherence to KYC/AML norms.

62

xqxi pasM M muUi MUi WL rScNM Ra x


cl aD 343 zZA q mhs q MuDx QO M Ail
M xirml M sL LMqzi uzw MuDx sZ mU
Arei M aD |

A onetime Special KYC audit was conducted at


343 randomly selected branches covering entire
geographic area during July 2012 to verify updation
of KYC data (document details) in the system.

ADoL MrSs M U xTUz M aD WCoQ qQs M


AlxU aWM M eZq uaMUh MlSMi iU mU Mr
ar W |

Risk Categorization of customers has been done


centrally as per Hybrid Model recommended by the
IBA Working Group.

kl zkl luUh M SMh x slSl M laUl M sL


oM q LM uo AkUi LLqLs mMe W | LLqLs mMe
ADoL MrSs U xTUz M aD ciul mUSzr M
AkU mU AsO xei MUi W |

The Bank has a web based AML package to monitor


transactions from the anti-money laundering angle.
The AML package is generating alerts based on alert
scenarios recommended by the IBA Working Group.

Vigilance Setup

xiMi uruxj
oM M xiMi upa M liiu qW mokM h M qZr xiMi
AkMU U Mr ei W AU ElM xqjl 34 Acs, mkl Mrsr
AU r aqh oM AU oM M Alwar M xiMi
AkMUr U Mr ei W| xiMi upa M Ezr Alzxl
u uMx M xli MUl ij WqU oM M qWl FcDr
iM s el W|

The Vigilance Wing of the Bank is headed by the Chief


Vigilance Officer (CVO) in the rank of General Manager.
The CVO is assisted by Vigilance Officers stationed at all
Circles, Head Office, RRBs and the Banks Subsidiaries.
The objectives of the Vigilance Wing are to ensure that
discipline and development, go hand in hand and help
the Bank to reach greater heights.

xiMi eaMi Aprl M Az M m q, MlSr xiMi


Ara M lSz M AlxU, oM U SlM 29 AoU x 03
luoU, 2012 iM "xuelM ZUS mU mUSzi" mU AkM krl
M xj xiMi eaMi xmiW M Arel Mr ar | Cx
AuxU mU " xuelM ZUS mU luUM xiMi " uwr mU
AU UkMwhl, pUir Ueu oM x xu lu qW mokM ij
pUir xOO oM / oM BT CQr M mu qZr xiMi AkMU
U oM M oasU, aQau ij Sss xji MqcU mzh
qWusr q S Suxr Mrq M Arel Mr ar |
Mrq xuelM ZUS M oU q oM AkMUr q eaMi
mS MUl M sL ij xuelM ZUS M xqr xiMi oUil
M sL oM AkMUr M spSrM x WA |

As a part of the Vigilance Awareness campaign, as per


the directives of the Central Vigilance Commission, the
Bank observed Vigilance Awareness Week from 29th
October to 3rd November 2012, with more focus on the
theme Transparency in Public Procurement. On this
occasion, a two days programme on Preventive Vigilance
in Public Procurement by Shri R Radhakrishnan, Retired
General Manager of RBI and ex-Chief Vigilance Officer
of State Bank of India/Bank of India, was conducted at
the Banks Staff Training Colleges, Bangalore, Gurgaon
and Delhi. The Programme was extremely beneficial to
the Banks officials to take precautionary measures in the
procurement process as also to bring general awareness
amongst the Bank officials about Public Procurement.

xiMi eaMi Aprl M eU UZi WL mkl Mrsr M


MrmsM M sL SlM 03.11.2012 M" xuelM ZUS q
mUSzi" uwr mU lux asas, ADOLx qZr xiMi
AkMU, MSqZ sW ArxM Mml sqOQ, oasU U pwh
p Arei Mr ar |
qW mokM u qZr xiMi AkMU U uw M SUl SU M
aD Acs Mrsr q "kZkQ M luUh u xiMi " uwr
mU xar M Arel Mr ar, eW Acs Mrsr x
xoki soi AlzxlM qqs M xq M Asu oM q
luUM xiMi i, xoLx uiuUh q kZkQ muh q
AkM eU, AlzxlM qqs M xcsl ij xqrM lmOl

63

Continuing the vigilance awareness campaign, a speech


by Shri Srinivas Galgali, ITS Chief Vigilance Officer,
Kudremukh Iron Ore Company Ltd, Bangalore on
Transparency in Public Procurement was arranged on
03.11.2012 for the Executives of Head Office.
GM & CVO conducted Seminars on prevention of frauds
and Vigilance at the Circles visited during the year,
wherein, apart from reviewing the pending disciplinary
matters pertaining to the Circle, the CVO also dwelt
upon various aspects related to Preventive Vigilance
Mechanism in the Bank, fraud prone areas with special

M AuzrMi, MmrOUMi uiuUh q mxuQ M amlri


olL UZl M AuzrMi AU zZA q xiMi luUM
xqi M mpu pqM AS x xoki up mWsA mU
cc M |

emphasis on CBS environment, handling of disciplinary


matters and need for timely disposal, maintaining secrecy
of passwords in computerized environment and effective
role of Preventive Vigilance Committee at branches.

oasU xiMi xOQ xMs M iiuukl q oM U MD


Mrq, ex SlM 22.06.2012 M "clu xkU" uwr
mU m.Lq u Ueu aQ, pUir mokl xxjl, oasU U
urZrl x, "liMi u qsr" uwr mU m.(Q) AU uMO
Uu, CQr rluxO, oasU M lzls s xMs M Em
Msmi U pwh AU SlM 08.01.2013 M oasU xji
up usr M ujr M sL mzlU mirai AS,
M qeol ML aL |

Under the auspices of the Vigilance Study Circle


Bangalore, the Bank hosted series of programmes, such
as, a lecture session by Prof. M V Rajeev Gowda, from
Indian Institute of Management, Bangalore (IIMB) on
Electoral Reforms on 22.06.2012; a speech on Ethics
& Values by Prof. (Dr) R Venkata Rao, Vice Chancellor of
National Law School of India University, Bangalore on
26.12.2012 and Quiz competition for students of various
Schools in Bangalore on 08.01.2013.

uer meYO M sMmr oll M sL ij oM M zZA


q xiMi luUM xqi M aPl M sL uzw eU SL aL |

Special emphasis was laid on popularizing the project


VIGEYE and also the formation and activation
of Preventive Vigilance Committees at all branches of
the Bank.

xU mok
uw M SUl xU mok M AU qeoi olr ar| zZA
q xU M xkUl M sL 1554 zZA q x x O u
xxOq CxOs ML ar| E M AiU xU M laUl
M sL xxOu xxOq M xj 1021 L O Lq p Emsok
MUL aL| pUir Ueu oM M SzlSz M AlxU 85
qS ieUr q q or qOM LYxx MOs xxOq Emsok
MUL aL|
mukql mUuz
uw M SUl oM M 200 x AkM zZA q mUuz q
xkU M Mq Mr ar| uiql ur uw M SUl 1000
AkM zZA M uilMsi MUM mUuz q xkU M sL
MSq EPL aL |
xcl M AkMU
xcl M AkMU Aklrq 2005 M iWi, oM l xcl
Sl ij mUSzi sl M sL LM Allr xcl M AkMU
Aklrq MlS M xjml M W | xcl M AkMU Aklrq
M AuzrMi M AlxU AuSM M xcl Emsok MUl
M sL MlU oM l Aml xp 34 Acs q el xcl
AkMUr ij Amsr mkMUr M lqi Mr W| uw
M SUl xcl M AkMU Aklrq, 2005 M mukl M
AlxU oM l 3352 xcl M AkMU AuSl, 520 mjq
Ams ij 65 ir Ams mmi M|
Uepw M Mrlurl
xqkl uw M SUl, oM l Uepw Mrlurl M Aiai
xUWlr mai M W AU up xiU mU MD mUxMU mmi
ML | oasU mkl Mrsr, MUls u qSU Acs Mrsr
M laU Uepw Mrlurl xqir U mjq mUxMU Sr

Security Arrangements
During the year, security measures have been
strengthened. To improve the security at branches, CCTV
systems are installed in 1554 branches. In addition
to the above, 1021 ATMs are also provided with CCTV
system to monitor the security. 85 Currency Chests are
provided with Biometric Access Control System as per RBI
guidelines.
Ambience Improvement
During the year, ambience improvement work was carried
out in more than 200 branches of the Bank. The Bank has
initiated steps for ambience improvement including air
conditioning in 1000 more branches during the current
financial year.
Right to Information
Under the Right to Information Act, 2005, an exclusive
Right to Information Act outfit is functioning to
provide information and bring transparency. As per the
requirement of the RTI Act, the Bank has nominated
Public Information Officers and Appellate Authorities
at Head Office and in all its 34 Circle Offices to provide
information to the applicants. During the year, the Bank
received 3352 RTI applications, 520 First Appeals and 65
Second Appeals as per the provisions of RTI Act, 2005.
Implementation of Official Language
The Bank made noteworthy progress under the
implementation of official language and won many
prizes at various levels during the year under review. The
Bank was awarded first prize by Town Official Language
Implementation Committees at Bangalore (Head Office),
Karnal and Madurai Circles. Apart from this, many Circles

64

ar| CxM Asu MD Acs u zZA M ElM xoki laU


Uepw Mrlurl xqir U mUxMU mmi WL|

and branches have received awards from respective Town


Official Language Committees.

rj qc 2013 M sapa 98% MqcUr l WlS q MrxkM


l Wxs Mr W AU Uepw lrq 1976 M lrq 10(4) M
Akl 2379 zZA M oM l Akxci Mr W | WlS q
MrxkM l mmi oM M xp MqcUr M WlS Mrzs
q mzi Mr ar | xqkl uw M SUl oM U Lx
MqcUr M sL 238 x AkM mlr mzh Mrq
Arei Mr ar |

As at March 2013, around 98% of employees have obtained


working knowledge in Hindi and the Bank has notified
2379 branches under Rule 10(4) of OL Rules 1976. All the
employees of the Bank possessing working knowledge of
Hindi have been trained in Hindi workshops. During the
year under review, the Bank has conducted more than
238 refresher training programmes for such employees.

xcl maM M q Uepw M Aqs MUl Wi oM l


"rlMQ" M mra oRr AU oM M LOLq xl q 10
pUir pwA q slSl M mukl eU UZ | Os oMa M
xuk WlS AU Aae M xj mqZ 6 r pwA q mSl
M e cM W | oM M MmUO uoxCO mhi: pw W | oM
uzw AuxU mU Aml xp aWM M WlS q Lx Lq Lx p
pei W| 1 esD 2011 x oM l MU oMa mhs q WlS
M uMsm Emsok MUr W| WqU oM M CsYOlM pw
mi mxiM "Mlmi" M xp zZA u Mrsr q Emsok
MUr ar|
Uepw M mpu Mrlurl mixWi MUl Wi oM U
"MlU oM Uepw Ar rel" M iWi 164 mUxMU Acs
Mrsr, r MqcU mzh qWusr, zZA u
Mrsr M Alpa M mSl ML aL| "MlU oM Uepw
mUxMU rel" M iWi 107 MqcUr M mUxMU mSl ML
aL| oM l Aml MqcUr M sL LM uwM "AZs pUir
WlS lok mirai" p AUp M W AU ueiA M lMS
mUxMU SL aL|
xSm, uU mokM, Aaq Alpa, Acs Mrsr, AaU M
"Mw oMa qWusr, pUir Ueu oM, mh U Arei
AZs pUir WlS lok sZl mirai" M iWi mixWl
mUxMU x xqqli Mr ar |
WqU oM M Uepw AkMUr M 30u AZs pUir xqqsl
04 u 05 qc, 2013 M r MqcU mzh qWusr,
aQau q Arei Mr ar| Cx AuxU mU oM M MrmsM
lSzM AvM MqU ami l oM M uwM WlS mM
MlUeri M Sxu AM M uqcl Mr| MlUeri WlS q
qs sZl M mixWi MUl M sL lMs ei W| Cxq oM
M MqcUr U WlS q sZi oMa xok sZ xqWi Wi
W | SlM 06.03.2013 M r MqcU mzh qWusr
q Uepw AkMUr M sL "Uepw mokl Mrq" M p
Arel Mr ar |

65

In the sphere of using Information Technology in the


Official Language, the Bank increased the use of Unicode
package for word processing and also made provision
in ATM screens of the Bank for carrying transaction
in 10 Indian languages. Telebanking facility has also
been provided in Hindi and English and other 6 major
regional languages. The Banks corporate website is fully
in bilingual. The Bank is also giving SMSs in Hindi to all
its customers on special occasions. With effect from 1st
July, 2011, the Bank has provided Hindi option in Core
Banking System. The Banks bilingual address booklet
CANPATHA is made available to all our branches and
offices in electronic form.
To encourage effective implementation of Official
Language in the Bank, 164 prizes were given to Circles,
Branches, RSTCs and Sections of offices under the
Award Scheme formulated by the Bank viz., Canara
Bank Rajbhasha Akshay Yojana and 107 employees were
awarded under Rajbhasha Puraskar Yojana. The Bank has
also started an annual All India Hindi Essay Competition
for its employees and handsome cash prizes were given
to prize winners.
Shri Sandip, Sr Manager, Advances Section, Circle Office,
Agra has been awarded with Encouragement Prize under
All India Hindi Essay writing Competition organised by
RBI-College of Agricultural Banking (CAB), Pune.
The 30th All India OL Conference of OL Officers of the Bank
was held at RSTC, Gurgaon on 4th and 5th March 2013. The
Banks annual Hindi journal Canarajyoti 10th issuewas released on the occasion by the Executive Director
Shri. Ashok Kumar Gupta. Canarajyoti is brought out to
encourage original writing in Hindi. This publication
contains articles written by employees on banking related
subjects in Hindi. On 06.03.2013, a Programme called
Rajbhasha Prabodhan Karyakram was also conducted
for the OL Officers at RSTC, Gurgaon.

xxSr Uepw xqi M ixU Emxqi l oM M lr OWU


AU GwMz zZA M SU Mr AU xr Lu AsZ
xqi U mkl Mrsr M p lUh Mr ar AU Uepw
Mrlurl M q oM M mrx M xUWl M| oasU,
MroU u iulimUq q oM laU Uepw Mrlurl xqi M
xreM W| pUi xUMU M Uepw li M mpu Mrlurl M
mi MqcUr M mixWi MUl u qaSzl Sl M sL oM M
xp zZA q Uepw Mrlurl xqir aPi W|
ZsMS M muil
MlU oM l Wqz ZsMS M mixWl ij xqjl Sr W | uw
1982 q oM q ZsMS M Almuil u mixWl M sL mkl
Mrsr q LM ZsMS MExs M aPl Mr ar|
oM q 6 q Aji MO, WM, qWs AjsOYx, oQqOl,
os oQqOl u Oos Ox q 40 ZsQ MrUi W |
AiUr MO ZsQ - o M uMOz mxS, xls
ez, x zi Uaxuq uiql q oM q MrUi W |
CxM Asu r uqs MqU (zOs oQqOl), qi Lq
M Az, qi xq amsMwh ij qi Lc Lq eri
(AjsOYx) AU pUi N, m whqaq, M Lq xqhh,
M m Slz (WM elrU COUlzls) p oM q MrUi W |
xs x ZsMS M

q MlU oM l MD Emsokr

Wxs M W AU oM M MO, os oQqOl ij Oos Ox


Oq MlOM Uer q Allr xjl mU W |
2012-13 M SUl pUi N M sSl q Wl us xqU
AsqmM Zs M sL pUir Ws Oq M Mmil M m q
lqi Mr ar|
oM M MO Oq mOl q Arei mjq oWU O-20 asQ
Mm ei | oM M Ub ql BT S xUe AuQ x mUxMi
ML aL | zOs ZsQ Q amxS AU uli qlAs
(ras eQ) M MlOM q mjq UM ij pUi q ir UM mmi
W| MOU Ll x Arrmm, M o mul, Ue pOMs u
SmM cas MlOM Ule Oq M pa W|
oM mkl Mrsr M Oq M Asu r AiU oM OlqO
M sL Acs Mrsr xiU mU p Oq M mrei MUi W| oM
M 50% x AkM ZsQ Aml xoki Zs q MlOM
Uer M milkiu MUi W|

The 3rd Sub Committee of Parliamentary Committee


on Official Languages had inspected our new Tihri and
Rishikesh Branches and Head Office was inspected
by Drafting & Evidence Committee and lauded the
efforts put by the Bank in the field of Official Language
implementation. The Bank is convening the Town Official
Language Implementation Committees of Bangalore,
Coimbatore and Thiruvananthapuram. Official Language
Implementation Committees are constituted in all
the branches of the Bank to motivate and guide the
employees towards effective implementation of Official
Language Policy of the Govt. of India.
Promotion of Sports
Canara Bank has always been encouraging and
supporting sports. A Sports Council at Head Office was
set up in the year 1982 to monitor and encourage sports
in the Bank.
The Bank has on its rolls 40 sports persons in six
disciplines, viz., Cricket, Hockey, Womens Athletics,
Shuttle Badminton, Ball Badminton and Table Tennis.
International Cricketers Shri B K Venkatesh Prasad, Shri
Sunil Joshi, Ms Shantha Rangaswamy are presently in the
Banks fold.
Besides the Cricketers, Shri U Vimal Kumar, (Shuttle
Badminton), Smt M K Asha, Smt Suma Gopalakrishna
and Smt H M Jyothi (Athletics) and Shri Bharat Chhetri,
Shri P Shanmugam, Shri K M Somanna, Shri K P Dinesh, Jr
International, (Hockey) are also on the Banks rolls.
Over the years, Canara Bank has secured several
distinctions in the sporting arena and the Banks Cricket,
Ball Badminton, Shuttle Badminton and Table Tennis
Teams rank numero uno in the State of Karnataka.
Notably during 2012-13, Shri Bharat Chhetri was
nominated as the Captain of the Indian Hockey Team for
the Summer Olympic Games, London, 2012.
The Banks Cricket Team won the 1st Bihar T-20 Gold
Cup held at Patna. Shri C Raghu of the Banks Cricket
Team won the Man of the Series Award. Shuttlers
Shri D Gururprasad and Shri Vineeth Manuel (doubles
pairing) were ranked 1st in Karnataka and 2nd in India.
Cricketers Shri N C Aiyappa, Shri K B Pawan, Shri Rajoo
Bhatkal and Shri Deepak Chougule are part of the Ranji
Trophy squad.
Apart from the Teams at Head Office, the Bank is also
sponsoring Teams at Circle Office level for the local/
regional Inter Bank Tournaments. More than 50% of the
Banks sports personalities are representing the State of
Karnataka in their respective sporting discipline.

66

ur xmU oeU

FINANCIAL SUPERMARKET

Alwar, mrei xxjL AU xr Eq


MlU oM Aml aWM M ul xOm oMa qO mz MUl M
Ezr x ai 1980 SzM M SUl Alwar AUp MUl M
U up urmUM rMsm q mSmh Mr | Ae, up
q l Alwar / mrei xxjA / xr Eq M
xj ur xmU oeU M m q Mq MU UW W| pUi q LM
zzs ur xmU oeU M m q EpUl M sL Cl lMr
M qsMiA M qeoi MUl M Sz q oM l qWiumh MSq
EPL| UmOa uw M SUl oM M xp Alwar, mrei
xxjA AU xr Eq M MrlwmSl xiwelM UW |

Subsidiaries, Sponsored Entities and Joint Ventures


Canara Bank, with an objective of offering One Stop
Banking for the customers, forayed into diversified
business activities by opening subsidiaries during
late 1980s. Today, the Bank functions as a Financial
Supermarket with as many as nine subsidiaries /
sponsored entities / joint ventures in diversified
areas. The Bank has taken significant steps towards
strengthening fundamentals of these entities so as to
emerge as a strong Financial Supermarket in India. All
the subsidiaries / sponsored entities / joint ventures of
the Bank recorded satisfactory performance during the
reporting year.

Mqzrs oM BT CQr LsLsx (xoADLs):


pUir xOO oM M xj MlU oM M xr Eq xoADLs
l Ams 2004 M SUl qxM, x q MUoU M zAi M|
Mml l 31 qc, 2013 M MU M oS 4.11 qsrl r Lx QsU
M sp Aei Mr W |

Commercial Bank of India LLC (CBIL)


CBIL, a joint venture of Canara Bank and State Bank of
India, has been operational since April 2004 in Moscow,
Russia. The Company earned a profit after tax of
US$4.11 million as on 31st March, 2013.

MloM ucU MmOs TQ sqOQ (xuxLTLs)


MloM ucU MmOs TQ sqOQ (xuxLTLs) M lrx
u mokM, xuxLTLs oM M mhir xukMi Alwa W|
2012-13 uw M sL Mml l 2011-12 M `7.06 MUQ M
qMos MU M oS `7.19 MUQ M sp mmi Mr| uw 201213 Wi Mml M spz 400% UW|

Canbank Venture Capital Fund Limited (CVCFL)


CVCFL, the Trustee and Manager of Canbank Venture
Capital Fund (CVCF), is a wholly owned subsidiary of the
Bank and is providing Venture Capital assistance. The
Company recorded a profit after tax of `7.19 crore for
the year 2012-13 as against `7.06 crore for 2011-12. The
Company has proposed a dividend of 400% for the year
2012-13.

MlTl Wqx sqOQ (xLTLcLs)


xLTLcLs Sz M mZri ur lMr q x LM W, exM
mrel MlU oM U Mr ei W | rj 31.03.2013 iM
xLTLcLs q oM M Wi 42.35% UW| uw M SUl Mml l
`2092.65 MUQ M Gh qeU Mr, xci uiUh `1813.77
MUQ UW| Mml l qc 2013 M xqmi uw M sL MU M oS
`54.12 MUQ M sp Se Mr| uw 2012-13 M sL Mml
M spz 40% UW|

Can Fin Homes Limited (CFHL)


Canfin Homes Limited, a sponsored entity of Canara
Bank, is one of the premier housing finance entities in
the country. As on 31.03.2013, the Banks stake in CFHL
is 42.35%. The Company sanctioned loans amounting
to `2092.65 crore and disbursed loans amounting to
`1813.77 crore during the year. The Company earned a
profit after tax of `54.12 crore for the year ended March
2013. The Company has proposed a 40% dividend for the
year 2012-13.

MloM TYOx sqOQ (xLTLs)


MloM TYOx sqOQ oM M LM mqZ TYOUa xxj W |
2012-13 M SUl Mml l `3123 MUQ M Ms MUoU mmi
Mr| qc 2013 M xqmi uw M sL Mml l MU M oS
`15.98 MUQ M sp Se Mr W| 2012-13 M sL Mml l
20% spz M xTUz M| Mml M Aml Asmuk Gh
Mrq M sL xs U 'P1+' UOa mmi WD|

Canbank Factors Limited (CFL)


Canbank Factors Limited is a factoring subsidiary of the
Bank. During 2012-13, the Company achieved a total
business turnover of `3123 crore. The Company has
earned Profit after Tax of `15.98 crore for the year ended
March 2013. The Company has proposed 20% dividend
for 2012-13. The Company enjoys the highest rating of
P1+ by CRISIL for its short term debt programme.

67

MloM MmrOU xuxe sqOQ (xxLxLs)


xxLxLs, Sz q Mx xuelM oM M LM W xnOurU
Alwa W | xxLxLs qsi: ADO AU xnOurU uMx
xuL, mzh / mUqz Lu UexOU ij zrU OlxTU Lex
xuxe q sa WA W | xxLxLs "lxMq" (NASSCOM)
M xSxr W AU u oM M mUrelA M sL xnOurU
xsrzl mSl MUlus M m q meMi W | uw M sL Mml
l MU M oS mNs uw M `3.10 MUQ M isl q `4.25
MUQ M sp Aei Mr | Mml U MlU oM M Ms xOU
aiuk AU MlU oM M 1200 x AkM LOLq M sL LOLq
AEO xx xux M xTsi x lpr e UW W |

Canbank Computer Services Limited (CCSL)


Canbank Computer Services Limited is the only Software
Company promoted by a public sector bank in the
country. CCSL is primarily engaged in IT and Software
development services, training/consultancy and registrar
and share transfer agency. The Company is a member
of the NASSCOM and Registered as a software solution
provider for World Bank projects. The Company has
achieved the Profit after Tax of `4.25 crore for the year
against `3.10 crore in the previous year. The Company
has been successfully managing the Call Centre activity
and ATM outsource services for 1200 plus ATMs of the
Parent Bank.

MlU oM xYrUOe sqOQ (x o Lx Ls)


MlU oM xYrUOe sqOQ (mWs asO xYrUOe OOQa
MmUzl sqOQ) l uw 2007 x me oeU xoki rMsm
M mklir xOM oMa xuA M uukMUh Mr W |

Canara Bank Securities Limited (CBSL)


Canara Bank Securities Limited, (formerly Gilt Securities
Trading Corporation Limited) has diversified into capital
market related activities, mainly stock broking since 2007.

Mml U xxjai AU ZSU Sl aWM M sL xOM oMa


xuL mSl M ei W | 'Canmoney.in' mOs M iWi ZSU
aWM M sL BlsCl OQa MEOU CxM mkl EimS W |
Mml M qS urim q uukMUh W | Mml l 2012-13 M
sL MU M oS `8.08 MUQ sp AMi Mr W ij `6.00
MUQ M 15% spz AS Mr ar|

The Company offers stock broking services to both


institutional and retail clients. Online Trading Counter
for retail customers is its flagship product under portal
Canmoney.in. The Company has diversified into Currency
Derivatives. The Company has posted a Profit after Tax
of `8.08 crore and paid 15% dividend of `6.00 crore
for 2012-13.

MloM Tllzrs xuxe sqOQ (MlTl)


QMi Zi M Akl Sr M uxs AU mSU MUr M
uxs mU krl Sl M xj-xj mipir q mNs slSl x
Eim WL Mll qqs M rMsm iM MloM Tllzrs
xuxe sqOQ l Aml Mr M xqi UZ W | uw 2012-13
M SUl MlTl l MU M oS `1.49 MUQ sp AMi Mr
W| oM U lk xqjl q mS `376.45 MUQ q x, MlTl
l `351.45 MUQ M cMi M W AU cs ur uw M SUl
`25 MUQ M xmh Sri M pail MUl M mxiu W |

Canbank Financial Services Limited (Canfina)


Canbank Financial Services Ltd has confined its activities
to legal matters arising out of past transactions in
securities, besides concentrating on collection of lease
rentals and recovery of dues under decreed accounts.
During 2012-13, Canfina recorded a profit after tax of
`1.49 crore. It has repaid `351.45 crore out of the hand
holding support of `376.45 crore given by the Bank
and proposes to clear the entire liability of `25 crore
outstanding during the current fiscal year.

MlU UoM Axi mokl Mml sqOQ (xAULLqx)


MloM qrcAs TQ M Axir M mokl MUl M sL qxx
MloM CluxOqO xuxe sqOQ 1993 q xjmi Mr ar
j | uw 2007 q MlU oM l Axi mokl Mml M 49% pa
M qxx UoM am M m q AiUi MU Sr W M u MloM
qrcAs TQ M Axir M mokl MU| Ao Cx Mml M
MlU UoM Axi mokl Mml sqOQ M m q mllqMUh
Mr ar |

Canara Robeco Asset Management Company Limited (CRAMC)


To manage assets of Canbank Mutual Fund, M/s Canbank
Investment Management Services Limited (CIMS) was
established in 1993. In the year 2007, Canara Bank
divested 49% stake of Asset Management Company in
favour of M/s Robeco Groep N V forming a joint venture
for managing the assets of Canbank Mutual Fund. The
Company has since been renamed as Canara Robeco
Asset Management Company Limited.

oM M uxii i M xqjl M xj xuq AiUr AcUh


M AmlMU qrcAs TQ Ea M Ajr oeU Wxx M

The JV aims to capture a worthwhile market share of


mutual fund industry by bringing best international

68

Wjrl Cx xr Eq M sr W | 51% M oWqi Wxx


oM q UWl M xj Mml M mokl M Aiai Axir `8550
MUQ UW exM 5.52 sZ luzM j| Ao Mml 24 qrcAs
TQ relA M mokl MU UW W| uw 2012-13 M sL Cxl
`13.55 MUQ M lus sp Se Mr|
MlU Lc Lx o x AULOs oM BT Mqx eul oq Mml
sqOQ
oM U AiUr xiU mU mqZ Lc Lx o x oq (Lzr
mxTM) kUh AU AULOs oM BT Mqx M xj oq
xr Eq mri Mr ar W | Mml q oM M 51% mkl
zrU kUh M xj xioU 2007 M SUl Mml M laqi Mr
ar ij Mml l Aml MUoU mUcsl SlM 16.06.2008
x mUp Mr |
uw M SUl Mml l `1894 MUQ M uwM mqrq mU mWc
W | Mml `14.80 MUQ M sp meMi Mr W | pUi q oq
q 23 le xxjA q x WqU Mml 12u xjl mmi MU
cM W |
r aqh oM (AU AU o)
MlU oM l 963 zZA M xj il Uer q il r aqh
oM M mrei Mr W lqz: MlOM Uer q mai aqh
oM, MUs Uer q xEj qsoU aqh oM AU EU mSz Uer
q rx aqh oM | rj qc 2013 M xp r aqh oM
sp Mq UW W AU me mrmii Almi AkSz 9% x AkM
W | rj 31.03.2013 M Cl r aqh oM M xqa urmU
xiU `25000 MUQ M AM mU MUM `25106 MUQ iM UW
exq `13488 MUQ M eqL AU `11618 MUQ M Aaq UW|
MlOM Uer q r aqh oM M h q mai aqh oM
M SxU xjl W AU MUs Uer q xEj qsoU aqh oM M
mjq xjl W | uw M SUl il .a. oM l qsMU 77 lD
zZL AU 926 Ai sb zZL Zs W |
xp .a. oM l ur xquzl au (2000 x AkM
AoSus) M 100% muUh MUoU xmMMiA M qkrq x
xli ML | qsr U lkUi 60% M xjl mU mjqMi
Aaq 85% UW| rj qc 2013 M Mw Gh oMr `7630
MUQ UW | maM mai M iWi xp .a. oM xoLx
msOTq q AiUi WL, LlDLTO, AUOeLx, LOLq, LxLqLx
AsOx, Mxx m MQ AS maM EimS Mrlui
ML | Aa, xp Zi M sL AleM Axi M mhs AkUi
qlri Mrlui Mr ar W |

69

practices and expertise supported by the vast network of


the Bank. With a majority share of 51% held by the Bank,
the Assets under Management (AUM) of the Company
increased to `8550 crore, with an investor base of `5.52
lakh. The Company is currently managing 24 Mutual
Fund Schemes. The Company posted a net profit of
`13.55 crore for the year 2012-13.
Canara HSBC Oriental Bank of Commerce Life Insurance
Company Limited
An Insurance Joint Venture floated by the Bank in
association with internationally reputed HSBC Insurance
(Asia Pacific) Holding Limited and Oriental Bank of
Commerce. The Company was incorporated during
September 2007 and commenced its business operations
from 16.06.2008, with a majority shareholding of 51%
held by the Bank.
During the year, the Company reached total business
premium of `1894 crore. The Company recorded profit of
`14.80 crore. Out of the 23 private players in the insurance
field in India, the Company ranked 12th position.
Regional Rural Banks (RRBs)
The Bank sponsored three Regional Rural Banks in three
states viz., Pragathi Gramin Bank (Karnataka), South
Malabar Gramin Bank (Kerala) and Shreyas Gramin Bank
(Uttar Pradesh), with a total network of 963 branches. As
at March 2013, all the RRBs were profit making and the
capital adequacy ratio is above the mandatory norm of
9%. The aggregate business of the RRBs crossed the mile
stone mark of `25000 crore and stood at `25106 crore,
comprising `13488 crore under deposits and `11618
crore under advances as at 31.03.2013. Pragathi Gramin
Bank ranks 2nd position amongst RRBs of Karnataka and
South Malabar Gramin Bank ranks 1st position amongst
RRBs of Kerala. 3 RRBs opened 77 new branches and 926
ultra small branches during the year.
All the RRBs ensured 100% coverage of all FI villages
(population of more than 2000) with Business
Correspondents. The priority sector advances were at
85% as against the norm of 60% set by the Ministry.
Agriculture Credit outstanding stood at `7630 crore as
at March 2013. Under technology advancements, all
the RRBs have migrated to CBS platform, implemented
IT products like NEFT, RTGS, ATM, SMS alerts, KCC
RuPay cards, etc. Further, system based recognition of
non-performing assets for all the accounts has been
implemented.

u qsr M Akxcl xZr LT.x.7/9/2011-AUAUo


(rm-1) SlM 01.04.2013 M AlxU SlM 01.04.2013 x
MlU oM U mrei rx aqh oM ij oM BT CQr
U mrei Ar ui r aqh oM M usr MUM oM BT
CQr M mrel q aqh oM BT Ar ui Mr ar | CxM
mkl Mrsr sZlF q xji W |

Shreyas Gramin Bank and Aryavart Kshetriya Gramin


Bank were amalgamated into a single Regional Rural
Bank vide Ministry of Finance notification F No.7/9/2011RRB (UP-1) dated 01.04.2013 under the sponsorship of
Bank of India and has been renamed as Gramin Bank of
Aryavart with its Head Office situated at Lucknow.

mUxMU ij mzxir

AWARDS/ACCOLADES

mUxMU ij
ij mzxir
up mWsA M mWcl M m q oM M uw M SUl lql
mUxMU x lue aL

oQ oM M h q "ur xquzl M sL maM

Awards and Accolades


In recognition of the varied initiatives, the Bank was
conferred with the following awards

Best Bank Award among large banks by IDRBT for


Use of Technology for Financial Inclusion handed
over by RBI Governor Dr. D Subbarao.

Skoch Award for Financial Inclusion, handed over by


Dr. C Rangarajan, Chairman, PMEAC.

1st Rank for Self Help Groups Linkage for the year
2011-12 in the State of Bihar.

Award for Best Online Bank among Public Sector


Banks- IBA Banking Technology Awards 2011.

Award for Best Customer Relationship Initiative


among Public Sector Banks - IBA Banking Technology
Awards 2011.

The Greatest Corporate Leaders of India Leadership


in Banking Award, instituted by World HRD
Congress, 2013.

Prestigious Platinum Greentech HR Award


2013 under HR Oriented CEO by M/s Greentech
Foundation, New Delhi.

Platinum Award, for Best HR Strategy and Training


Excellence by M/s Greentech Foundation, New Delhi.

National Vigilance Excellence Award 2012 for


the second consecutive year from Vigilance Study
Circle, Hyderabad under the auspices of the Central
Vigilance Commission.

mWs" M iWi ADQAUoO U xuiM lwmSl mUxMU


x xqqli Mr ar exM uiUh Q Q xooUu, aulU,
pUir Ueu oM U Mr ar |

ur xquzl M sL xMc mUxMU x xqqli Mr ar


ij mUxMU uiUh Q.x UaUel, Akr, mLqDLx U
Mr ar |

oWU Uer q uw 2011-12 M sL xur xWri xqW M


xWoi M sL mjq UM|

AD o L oMa OYlse

mUxMU 2011 M SUl

xuelM M oM M h q "Eq BlsCl oM" M


sL mUxMU |

AD o L oMa OYlse mUxMU 2011 M SUl xuelM


M oM M h q ``EiM aWM xok mWs" M sL
mUxMU |

u Lc AU Q Max, 2003 U aPi sQUzm Cl oMa


mUxMU- S aOxO MmUO sQx BT CQr mUxMU |

qxx alOM TEQzl, lD Sss U qlu xxkl ElqZ


x D A M iWi msOlq alOM Lc AU mUxMU 2013 x
xqqli Mr ar |

qxx alOM TEQzl, lD Sss U xuq qlu


lu xxkl
Uhli ij EiM mzh
zh M sL S msOlq mUxMU

MlSr xiMi Ara M iiuukl q xiMi xOQ


xMs, WSUoS x saiU ir oU Ur xiMi EiMi
mUxMU - 2012

70

oM M up lir

VARIOUS POLICIES OF THE BANK

oM M xrM mUpwi lir AU mrA M uruxj W |


pUir Ueu oM M ulrqM AmA, pUi xUMU M lSz
AU uiql xSp q oM M EpUi WD AmA M AsM q
uw M SUl oM l Aml lir AU mrA M xc m
Sl M xqUx mrx ML aL W | iSlxU, Alr M xj-xj
Gh eZq mokl, oeU eZq mokl, mUcsliqM eZq
mokl, Axi Sri mokl, iUsi eZq mokl, Sz eZq,
mimr oM eZq, MmUO auUllx, mMOl, xmM mokl,
xOx mUh, Almsl Mr, AmS UMuU AU urmU lUiUi
rel, MUoU mMU, AEOxxa u AiUM me mrmii
lkUh mr (ADxLLm), Aml aWM M elL, kl zkl
luUh, uxs AU luz xok lir mU AkM krl MlSi
Mr ar|

There is a system of well-defined policies and procedures


of the Bank. During the year, concerted efforts were made
to streamline the policies and procedures of the Bank
in the light of regulatory requirements of the RBI, the
directions of the Government of India and the emergent
requirements of the Bank in the present day context.
Accordingly, there has been a sharper focus on policies
relating to, among others, Credit Risk Management,
Market Risk Management, Operational Risk Management,
Asset Liability Management, Liquidity Risk Management,
Country Risk, Counterparty Bank Risk, Corporate
Governance, Disclosures, Collateral Management,
Stress Testing, Compliance Functions, Disaster Recovery
and Business Continuity Planning, Business Lines,
Outsourcing and Internal Capital Adequacy Assessment
Process (ICAAP), Know Your Customers (KYC), Anti-Money
Laundering (AML), Recovery and Investments.

lSzM qQs q mUuil


uw 2012-13 l oM M lSzM qQs M aPl q lqlsZi
mUuil SZ |

xulu M MUh oM M Akr u mok lSzM M m


q Lx Uql M MrMs SlM 30.09.2012 M xqmi
WA|

SlM 16.11.2012 x pUi xUMU M lqi lSzM M m


q qi xk Mwhl M Q. jqx qjr M xjl mU lqi
Mr ar, elM MrMs 15.11.2012 M xqmi WA|

Ueu MzU So SlM 11.01.2013 x Akr u mok


lSzM M m q lrYi Mr ar|

CHANGES IN THE BOARD OF DIRECTORS


Year 2012-13 saw the following changes in the
composition of the Board of Directors of the Bank.

The tenure of Shri S Raman as Chairman & Managing


Director ended on superannuation on 30.09.2012.

Smt Sudha Krishnan was nominated as Government


of India Nominee Director w.e.f. 16.11.2012 in place
of Dr Thomas Mathew, whose term as Government
of India Nominee Director consequently ended on
15.11.2012.

Shri R K Dubey was appointed as Chairman &


Managing Director of the Bank w.e.f 11.01.2013.

uw 2012-13 M SUl oM M oQ M lu lr lSzM M


xmi eul

Brief Profile of the newly appointed Directors of the


Board of the Bank during 2012-13

qi xk Mwhl
uiql q qi xk Mwhl pUi xUMU, u qsr M urr
upa M xr xcu (MqM) W |

Smt Sudha Krishnan


At present, Smt Sudha Krishnan is the Joint Secretary
(Personnel), Department of Expenditure, Ministry of
Finance, Government of India.

Ueu MzU So
uw 1977 q Ueu MzU So meo lzls oM q mokl
mz M m q lr WL AU 2008 q qW mokM M mS q
mSi WL | uw 2010 q xOs oM BT CQr M MrmsM
lSzM M m q lr WL |

Shri R K Dubey
Shri R K Dubey joined Punjab National Bank in the year
1977 as a Management Trainee and moved up to the
ranks of a General Manager in 2008. He was appointed
as Executive Director of Central Bank of India in 2010.

urmM oW Arq oMa mUcsl Alpu UZl M xj-xj


maM l UZlus oMU, So q urYiM xok, xmwh
u liiu Mzs M xj Oq mokl u aWM xok mokl q

71

A techno-savvy banker with extensive multi-dimensional


banking operational experience, Shri Dubey possesses
enormous inter-personal, communication and leadership
skills with proven abilities in team management and

x qiL W | u clir M xuMU MUi W AU Aml sr


lkUi MUl q ux UZi W |

customer relationship management. He takes challenges


and believes in setting own goals.

lSzM M Sriu uur

DIRECTORS RESPONSIBILITY STATEMENT

lSzM, 31 qc, 2013 M xqmi uw M sL uwM sZ M


irU q lql M m MUi W:

The Directors, in preparation of the annual accounts for


the year ended March 31, 2013, confirm the following:

That in the preparation of the annual accounts, the


applicable accounting standards had been followed
along with proper explanation relating to material
departures.

M ElWl El sZMl lir M crl Mr W AU ElM


lUiU Almra Mr W AU lhr sL W ij Alql ML
W, e Eci AU uuMmh W iM ur uw M Ai q AU
Auk M SUl oM M sp r Wl oM M xji M xW
Lu xm xum mmi W xM |

That they had selected such accounting policies and


applied them consistently and made judgments and
estimates that are reasonable and prudent so as to
give a true and fair view of the state of affairs of the
Bank at the end of the financial year and of the profit
or loss of the Bank for the period.

M ElWl oM M Axir M xU M krl UZi WL


AU kZkQ AU Alr uxair M luUh M sL
pUi q xji oM M sL sa Mll mukl M Alm
mrmi sZMl UMQ M AlUh M sL Eci Lu mrmi
xukl oUi W |

That they had taken proper and sufficient care for


the maintenance of adequate accounting records in
accordance with the provisions of applicable laws
governing banks in India for safeguarding the assets
of the Bank and for preventing and detecting fraud
and other irregularities.

M ElWl uwM sZ M irU spMU MUoUus xxj


Wl M AkU mU M W |

That they had prepared the annual accounts on a


going concern basis.

uwM sZ M irU q qWiumh ucsl x xoki Eci


xmMUh xWi Emr sZMl qlSQ M msl Mr
ar W |

klruS
Aml xp WikUM rl zrUkUM, aWM, luzM, xUMU,
pUir Ueu oM, MqcUr u qZr m x eli M AkMiq
miTs Sl M sL oM l MD MSq EPL|

ACKNOWLEDGEMENT
The Bank made several initiatives to maximize rewards
for all its stakeholders, viz., shareholders, customers,
investors, Government, RBI, employees and the public
at large.

cWi W|

The Board wishes to place on record its sincere


appreciation to the customers for their patronage, to
the shareholders for their support, to the Government
authorities and the Reserve Bank of India for their
valuable guidance and support, to the Directors who
completed their tenure during the financial year under
review, to the Banks Correspondents in India and abroad
for their co-operation and goodwill and to all the Staff
Members for their full support in the journey towards
growth and excellence.

Ueu MzU So
Akr u mok lSzM

R K DUBEY
CHAIRMAN AND MANAGING DIRECTOR

xUh M sL aWM, xWra M sL zrUkUM, qsrul


qaSzl u xWra M sL xUMU mkMUr u pUir Ueu
oM, xqkl ur uw M SUl Aml MrMs mU MUl
us lSzM, xWra u xZ M sL Sz u uSz q oM M
xmMMiA AU uMx u iU M Cx r q Aml mh
xWra Sl M sL xp MqcU xSxr M oQ mzx MUl

72

MUoU EUSriu UmO -2012-13

BUSINESS RESPONSIBILITY REPORT 2012-13


(Under Clause 55 of Listing Agreement)

(xcMUh xqfi M kU 55 M Aiai)

1.

MmUO mWcl xZr


r (xADLl) - sa lW

Section A: General Information about the Bank

2. Mml M lq: MlU oM

1. Corporate Identity Number (CIN) of the Company:


Not Applicable

3. meMi mi: MlU oM, mkl Mrsr, 112 e x UQ


oasU -560002

2. Name of the Company: Canara Bank

4. uoxCO: www.canarabank.com

3. Registered Address: Canara Bank, Head Office, 112,


J C Road, Bangalore - 560002
4. Website: www.canarabank.com

5. D-qs: edscrt@canarabank.com

5. E-mail id: edscrt@canarabank.com

6. xci ur uw: 2012-13

6. Financial Year Reported: 2012-13

7. exq Mml MrUi W (Ea rMsm MO uU):


ur xuL, qZrm x oMa |

7. Sector(s) that the Company is engaged in (industrial


activity code-wise): Financial Services, mainly
banking.

8. Mml U lqi/Emsok MUL e UW il EimS/xuL


(isl-m M AlxU): 1. jM oMa 2. ZSU oMa 3.
aqh u Mw oMa |

8. List three key products/services that the Company


manufactures/provides (as in balance sheet):
1. Wholesale Banking 2. Retail Banking 3. Rural and
Agri-Banking .

9. Mml U Mil xjl mU rMsm Mr e UW W

9. Total number of locations where business activity is


undertaken by the Company

i. Ms AiUr xjs ( 5 qZr xjs oiL)


rM (sSl u sxxOU), WaMa, cl (zbD), oWUl
(qlq) |
ii..
ii

Ms Ur xjs: 3723

10. Mml U x
xuL Emsok MUl M qMO: - Ur u
AiUr l
FmU uhi olS 9 (i) M xjl M AiU oM M milkiu
Mrsr zUeW, rLD q W ij oM M xr Eq oM,
Mqx oM BT CQr, LiLix qxM x q W|
pa Z: Mml M ur uuUh
1.

i. Number of International Locations (Provide details


of major 5)
UK (London and Leicester), Hong Kong, China
(Shanghai) and Bahrain (Manama).
ii. Number of National Locations: 3723
10. Markets served by the Company National and
International
Besides, locations mentioned under point No.
9 (i) above, the Bank has a Representative Office at
Sharjah, UAE and a Joint Venture Bank in Moscow,
Russia, viz., Commercial Bank of India, LLC.
Section B: Financial Details of the Company

mS me (. q): `443 MUQ

1. Paid up Capital (INR): `443 Crore

2. Ms MUoU ((`` q): Ms MUoU `598033 MUQ (Ms


eqL: `355856 MUQ + lus Aaq `242177 MUQ)

2. Total Turnover (INR): Total Business: `598033 Crore


(Total Deposits: `355856 Crore + Net Advances:
`242177 Crore)

3. MU mi Ms sp (`
(` q): `2872 MUQ

3. Total profit after taxes (INR): `2872 Crore

4. MU mi sp M Mil mizi MmUO xqeM EUSriu


mU Ms Zc: (%):
(%): 0.39%

4. Total Spending on Corporate Social Responsibility


(CSR) as percentage of profit after tax (%): 0.39%

73

5. E qS 4 q ML aL Zc M rMsm M xc:
. Mr
x.

mrei
xZr

M z

5. List of activities in which expenditure in 4 above has


been incurred:-

Uz
(`` sZ q)

220

74.68

Z xuxjr

67

101.71

a Sl

68

27.29

294

55.17

Q. Fe xUh

12

6.68

c qWs Msrh

32

33.00

N Mzs uMx

831.00

697

1129.53

b xqeM Msrh u
xWri

Ms

No. of
Sponsorships

a Education

Amount
(` lakh)

220

74.68

b Health

67

101.71

c Charities

68

27.29

294

55.17

e Energy Conservation

12

6.68

f Women Welfare

32

33.00

831.00

697

1129.53

d Social Welfare & Relief

g Skill Development
Total

Segment-wise classification of Sponsorships sanctioned:

xuMi mrel M ZQ uU uaMUh:

a. Education

M. z
.
x.

Sl Activity
No.

SlaW M lq

Ezr

Sl
No.

Uz
(`` sZ q)

Name of Donee

Purpose

1 UeMr mjqM usr xMs oxi,


ujr M
oaUmO AU oSS
mRD M xqa

1.58

1 Govt. Primary
School Bangarpet
and Bidadi

2 qWahmi E
usr, xmU

MmrOU, xMlU u
rmLx

1.00

3 xuq uuMlS ru
Aprl, qxU

QeOs
mxiMsr

2 Shri Mahaganapathi Providing


High School,
Computers, scanner
Siddapur
and UPS

4 pUo M AEOUc
Mrq

MlU oM
zZA U 26
sQMr M aS
sl

1.04

5 MlU oM eos
LeMzl TQ

QeOs
mxiMsr u
MmrOU

4.50

6 umzM MsUa,
EQmm

N M sL xU
aW oes

1.50

7 q. cilr xu xqi,
essWss, oasU

MmrOU,
xMlU u rmLx
CirS

1.06

15.00

School bags,
teaching aids to
school children

3 Swami Vivekanada
Youth Movement ,
Mysore

Digital Library

4 Outreach
Programme of RBI

26 Girls adopted
by Canara Bank
branches

1.58

1.00

15.00

1.04

5 Canara Bank Jubilee Digital Library and


Education Fund
Computers

4.50

6 Vidyaposhak
Kalarang, Udupi

1.50

Solar Home lights


for students

7 M/S Chaithanya
Providing
Seva Samithi
Computers, Scanner
Jalahalli, Bangalore and Printer, etc.

74

Amount
(` lakh)

1.06

8 MlU oM M up
zZL

up xMs M N
M sL xMs oxi,
xMs uS, mRD M
xqa, TlcU, es
zkM,

20.92

9. AoS Mse,
Sss

xpaU M xMUh

12.28

10. xxMi pUi , oasU AUq q i MS


M xjml
11. UaaQ mxl Aelr AmhU pul M
qQs, oasU
xjml
12. LMs usr pUi
z mUwS, Sss

LMs usr quqO

Ms

Sl aW M lq

9. Sri Aurobindo
College, Delhi

Furnishing of
Auditorium

12.28

10. Samskriti Bharathi,


Bangalore

Establishing Centre
of Excellence at
Aksharam

10.00

11. Ragigudda Prasanna Construction of


Anjaneya Mandali, Annapoorneshwari
Bangalore
Bhavan

5.00

5.00

0.80

0.80

12. EKAL Vidyalaya


EKAL
Bharath Lok Shiksha Vidyalaya
Parishad, Delhi
Movement
Total

74.68

74.68

b. Health
Ezr

1 zMU lsr,
oasU

SwO EmMUh Emsok


MUl

2 MlU oM M
up zZL AU
MN aU xUMU
xaPl

xuxjr ec zuU,
USl zuU,
Si ec zuU, l
ec zuU, Axmis
M EmMUh Emsok
MUl|

3 zMU MxU
TEQzl, oasU

20.92

10.00

Z. xuxjr
.
x.

8 Various branches of School bags, School


Canara Bank
Uniform, Teaching
aids, furniture
items, Water
purifier to children
of different schools

5 oxiU us elUs
uQ M lqh

Uz
(`` sZ q)
1.00

5.55

11.00

75

Sl.
No.

Name of the
Donee

1 Shankar Eye
Hospital,
Bangalore

Purpose

Providing functional
Vision unit

2 Various branches Conducting health


of Canara Bank check up camps,
and few NGOs
Blood donation
camps, Dental check
up camps, Eye check
up camps, Providing
medical instruments
to Hospitals, etc.
3 Shri Shankara
Cancer
Foundation,
Bangalore

Construction Of One
General Ward Room
With 5 Beds

Amount
(` lakh)
1.00

5.55

11.00

4 us lsr,
oasU

``lrl'' aQ
M lqh

8.00

5 UaQU qqUrs
WxmOs, oasU

xOxMm
EmMUh M
ZUS

5.00

6 erSu CxOOrO S C QmsU qzl M


BT MQrse, ZUS
oasU
MxU WxmOs q
7 Mqs lW
qqUrs WxmOs, 20 oxiU M elUs
CsWoS
uQ oll
8 Mc MqMO
qQMs OxO,
MroU

40 xO us ox
M ZUS

Ms

50.00

6.16

15.00

SlaW M lq

Ezr

x.

Uz
(`` sZ q)

Alj M sL

qP M MmrOU Sl

1.84

uWs crU, cUmD,

16.70

Te, mZ, sCi AS

MrUi aU xUMU
xaPl M xWri
3 CxMl AmM
UxD, Sss
4 Az MqrlO

pZ q Ss

3.75

Purchase of
Hysteroscopy
Equipment

5.00

6 Sri Jayadeva
Institute Of
Cardiology,
Bangalore

Purchase of Two Echo


Doppler Machines

50.00

7 Kamala Nehru
Memorial
Hospital,
Allahabad

Establishing New 20
Bed General Ward to
Cancer Hospital

6.16

8 Kanchi Kamakoti Purchase of 40 Seater


Medical Trust,
Bus to the Hospital
Coimbatore

15.00

mUmMU Mr

5.00

Ms

Name of the
Donee

Ezr

azs M
lqh M sL ur
xWri

Uz
(`` sZ q)
1.00

Purpose

1.84

2 Assistance to
NGOs working
for the welfare of
Senior citizens,
orphans

Providing wheel
chairs, Cot, fridge for
hostel, Fans, Lights,
etc

16.70

3 ISKCON- AAPKI
RASOI, Delhi

Hunger Free Delhi


Campaign-Aap Ki
Rasoi

Total
d. Social Welfare & Relief
Sr.
Name of the
Purpose
No.
Donee
1 Venkataramana Financial support
Ghoshala Karkala, for construction of
Udupi
Ghoshala

76

Amount
(` lakh)

1 Ramakrishna
Providing computers
Mutt, Hyderabad to the Mutt

4 ASHA Community Charity Activities


Society, Delhi

27.29

b. xqeM Msrh u xWri


.
SlaW M lq

101.71

Charities

Aprl, AmM UxD

xxrO, Sss

x.
1 uMOUql
azs MUMs,
EQmm

5 Rangadore
Memorial
Hospital,
Bangalore

Sr.
No.

WSUoS
2 uU laUM,

8.00

Total
c.

1 UqMwh qP,

Construction of
Mobile Unit Nayana

101.71

a. Sl
.

4 Vittala Eye
Hospital,
Bangalore

3.75

5.00
27.29

Amount
(` lakh)
1.00

2 WqU up
zZA M U

zUUM Aq,
qlxM Aq, oR u
AMs mQi AS M
sL xWri

mxS pul M
3 UaaQ mxl
Aelr xuq OxO, xMUh
oasU
4 xlW MUh BT
qxU xmxOM
xxrO, qxU

xUos msx M o
M mlux xuL

5 LxeLx OxO,
qxU

Axmis M lqh

Ms

SlaW M lq

Assistance to
physically challenged,
mentally challenged,
assistance to flood &
famine victims, etc

3 Ragi Gudda
Furnishing of
Prasada Bhavana
Sri Prasanna
Anjaneya Swamy
Trust, Bangalore

0.99

11.00

4 Sneha Kiran of
Mysore Spastic
Society, Mysore

Rehabilitation
Services to Children
of Cerebral Palsy

5 SGS Trust, Mysore Construction of


Hospital

5.00

55.17

Q. Fe xUh
.

2 Through Canara
Bank Branches

37.18

Total

37.18

0.99

11.00

5.00

55.17

e. Energy Conservation
Ezr

x.

Uz
(`` sZ q)

Sr.
No.

Name of the
Donee

Purpose

Amount
(` lakh)

1 MsMMU TEQzl, mimaR au


M xU ssOl
lD Sss
Emsok MUl

5.00

1 Kalakankar
Foundation, New
Delhi

Providing Solar
Lanterns to villagers
of Pratapgarh

5.00

2 MlU oM zZA
M xu M
up xMs

1.68

2 Different Schools
of service areas
of Canara Bank
branches

Providing Solar
lights, lamps, Solar
water heaters, etc.

1.68

xU oes, sm AS
Emsok MUl.

Ms

6.68

f.

c. qWs Msrh
.

SlaW M lq

Ezr

x.
1 up Acs

Total

qWsA M sL

Mrsr M xDQ

DQm Mrq M

Arel, qWsA

Uz
(`
` sZ q)

Women Welfare

Sr.
No.

33.00

M mUqz, qWs
Eqr M sL
qMOa AEOsO
M Arel

77

6.68

Name of the
Donee

1 Canara Banks
Circle OfficesCEDW Centres

Purpose
Organising
Entrepreneurship
Development
programmes
to women,
Counseling of
Women, organising
Marketing camps
outlet for women
entrepreneurs

Amount
(` lakh)
33.00

N. Mzs uMx
.
x.

Ezr

Uz
(`` sZ q)

1 aqh uMx u
xuUeaU mvh
xxjl (QxO)
EeU, MlOM

xmh pUi M
xp 27 QxO
M mzh Zc M
40%

300.00

2 SvmQ aqh uMx


u xuUeaU mvh
xxjl (Q-QxO)
Wsrs, MlOM

SzmQ QxO
Wssrs M
mzh Zc M
50% Emsok MUl

15.00

3 AkmSv aqh u
Eqvsi uMx
oMx xxjl
(LmoADAUQ)
WSUoS

LmoADAUQ
xxjl M mzh
Zc M 10%
Emsok MUl

10.00

4 MlU oM xWoS
aqh uMx lrx
(xoxAUQ)
oasU

24 AUxO, 3
zsm mzh
xxjl, 4
xoADADO M
mzh Zc EPl

418.00

5 MlU ur mUqv
lrx

ur xUi mU
mzh

Ms

Sl.
No.

Name of Donee

831.00

Yr Mml M MD Alwa Mml/Mmlr W?


W, Mml M xi bUs Alwar, LM xWra Mml AU
uSz q LM xr Eq W M) MloM ucU MmOs TQ s.

Purpose

Amount
(` lakh)

1 Rural Development
and Self
Employment
Training Institute
(RUDSETI), Ujire,
Karnataka

40% training
expenditure of all
27 RUDSETIs all over
India

2 Deshpande Rural
Development and
Self Employment
Training Institute
(D RUDSETI),
Haliyal, Karnataka

Providing 50%
of training
expenditure
of Deshpande
RUDSETI, Haliyal

15.00

3 Andhra Pradesh
Bankers Institute
of Rural and
Entrepreneurship
Development
(APBIRED),
Hyderabad

Providing 10% of
the training cost
of the APBIRED
Institute

10.00

4 Canara Bank
Centenary Rural
Development Trust
(CBCRD), Bangalore

Providing Training
cost of 24 RSETIs,
3 Artisan Training
Institutes and 4
CBIITs all over India

418.00

5 Canara Financial
Advisory Trust

Providing Training
on financial literacy

88.00

88.00

pa a: Alr uuUh
1.

Skill Development

g.

SlaW M lq

Total

300.00

831.00

Section C: Other Details


1. Does the Company have any Subsidiary Company/
Companies?
Yes. The Company has seven domestic subsidiaries,
an associate company and a Joint Venture at an
overseas destination, viz.,
a) Canbank Venture Capital Fund Ltd.

Z) MloM TYOU s.

b) Canbank Factors Ltd.

a) MlU oM xYrUUOe s.

c) Canara Bank Securities Ltd.

b) MloM MmrOU xux s.

d) Canbank Computer Services Ltd.

Q.) MloM TClxrs xuxe s.

e) Canbank Financial Services Ltd.

c) MlU Uo LxxO qleqO Mml s.

f) Canara Robeco Asset Management Company Ltd.

N) MlU LcLxox Aox sCT CxrUx Mml s.

g) Canara HSBC OBC Life Insurance Company Ltd.

78

h) MlTl Wqx s. (xWra Mml)

h) Canfin Homes Ltd., (Associate Company).

LxoAD M xj qxM q Mqzs oM BT CQr


LsLsx (xrqi Eq)

i)

i)

2. Yr Alwa Mml/Mmlr oAU mWs q miM Mml


M xj pa si W? rS W i Lx Alwa(r) M ZZr
S|.
W, LM Alwa - MlU LcLxox Aox sCT CxrUx
Mml s. oAU mWs q pa si W|
3. Yr Alr xxj/xxjL ( rl AmiM, uiUM AS) e
M Mml M xj MUoU MUi W, o AU mWs q pa si
W? rS W i Lx xxj/xxjA M mizi SzL| ( 30%
x Mq, 30-60%, 60% x erS)
zlr

Commercial Bank of India LLC, in Moscow in


association with SBI (Joint venture).

2. Do the Subsidiary Company/Companies participate


in the BR Initiatives of the parent company? If
yes, then indicate the number of such subsidiary
company(s).
Yes. One Subsidiary, viz., Canara HSBC OBC Life
Insurance Company Ltd. is involved in BR initiatives.
3. Do any other entity/entities (e. g. suppliers,
distributors etc.) that the Company does business
with, participate in the BR initiatives of the Company?
If yes, then indicate the percentage of such entity/
entities? [Less than 30%, 30-60%, More than 60%].
Nil

pa b : MUoU EUSriu
EUSriu xcl
1.

Section D: BR Information

oAU M sL EUSr lSzM

1. Details of Director/Directors responsible for BR

M) oAU msx/msxr M sa MUl M sL eqqSU


lSzM/lSzM M
M uuUh:
.

orU

a) Details of the Director/Directors responsible for


implementation of the BR policy/policies

uuUh

S.
No.

x.

Particulars

Details

QADLl xZr

00016704

DIN Number

00016704

lq

AzM MqU
ami

Name

mSlq

MrmsM lSzM

Designation

Shri Ashok Kumar


Gupta
Executive Director

b) Details of the BR head

Z) oAU mkl M uuUh


.

orU

uuUh

S.
No.

x.

Particulars

Details

1. QADLl xZr
(rS sa W)

sa lW

1. DIN Number
(if applicable)

Not Applicable

2. lq

Lx Lx pO

2. Name

Shri S S Bhat

3. mSlq

qW mokM

3. Designation

General Manager

4. SUpw

08022128840

4. Telephone number

08022128840

5. D-qs

pcfiw@canarabank.com

5. e-mail id

pcfiw@canarabank.com

79

2. xi-uU (Llue M AlxU) oAU msx/msxr (W/l q EU)


.x. mzl

m
m1 m
m2
2 m
m3
3 m
m4
4 m
m55 m
m6
6 m
m7
7 m
m8
8 m
m9
9

1.

Yr AmM mx M ---- sL msx/msxr W

2.

Yr msx zrUkUM M mUqz M xj olr ar W?

3.

Yr msx Ur/AiUr qlM M Alm W? rS W, oiL (Mus 50


zoS)

4.

Yr msx oQ U AlqSi W? rS W i Yr rW LqQ/xDA/Emr


oQ lSzM U WxiUi W?

5.

Yr Mml msx M Mrurl M mruh MUl M sL oQ/lSzM/


AkMU M MD uz xqi W?

6.

msx M BlsCl SZl M sL sM SzL| $

7.

Yr msx M xp AiUM ij o zrUkUM M xci Mr ar W?

8.

Yr Mml q msx/msxr M sa MUl M sL AiUM uruxj W?

9.

Yr Mml q msx/msxr x xoki zrUkUM M zMri M SU


MUl M sL msx/msxr x xoki zMri luUh i W?

10.

Yr Mml l AiUM r o Lex U Cx msx M rurl M sL lW lW lW lW lW lW lW lW lW


AQO/qsrMl MUur W?

$www.canarabank.com

2. Principle-wise (as per NVGs) BR Policy/policies (Reply in Y/N)


S. No. Questions
1. Do you have a policy/policies for....

P1 P2 P3 P4 P5 P6 P7 P8 P9
Y Y Y Y Y Y Y Y Y

2.

Has the policy being formulated in consultation with the relevant


stakeholders?

3.

Does the policy conform to any national /international standards? If


yes, specify? (50 words)

4.

Has the policy being approved by the Board? If yes, has it been signed
by MD/Owner/CEO/Appropriate Board Director.

5.

Does the company have a specified committee of the Board/ Director/


Official to oversee the implementation of the policy?

6.

Indicate the link for the policy to be viewed online? $

7.

Has the policy been formally communicated to all relevant internal


and external stakeholders?

8.

9.

Does the company have in-house structure to implement the policy/


policies.
Does the Company have a grievance redressal mechanism related to
the policy/policies to address stakeholders grievances related to the
policy/policies?

10.

Has the company carried out independent audit/evaluation of the


working of this policy by an internal or external agency?

$www.canarabank.com

80

2a.
a. rS . x 1 M Mx xi M EU lW W i Mmr MUh oiL (uMsm 2 iM clW saL)
.x. mzl

m
m11

Mml xi M lW xqf mD

Mml Ap Ex xji q lW W M uz xi M sL msx


oll u Ex sa MU mL|

Mml M mx Cx Mq M sL ur r qlur xxkl lW W

Aas 6 qWl q Cx MUl M rel W

Aas 1 xs q Cx MUl M rel W

Alr MD MUh (Mmr oiL)

m
m2
2 m
m3
3 m
m4
4 m
m55 m
m6
6 m
m7
7 m
m8
8 m
m9
9

oM uw 2013-14 x qsrMi UmO mMzi


MUa

2a. If answer to S.No.1 against any principle, is No, please explain why: (Tick up to 2 options)
S.No. Questions

P1

The Company has not understood the Principles

The company is not at a stage where it finds itself in a


position to formulate and implement the policies on specified
principles

The company does not have financial or manpower resources


available for the task

It is planned to be done within next 6 months

It is planned to be done within the next 1 year

Any other reason (please specify)

P2

P3

P4

P5

P6

P7

P8

P9

The Bank will publish the evaluated Report


from 2013-14 onwards.

3. oAU x x
xoki zMri

3. Governance related to BR

Mml M oAU M lwmSl M lSzM qQs, oQ M xqi


r xDA U Mil AiUs mU AMsl Mr ei W| 3
qWl q, 3-6 qWl q, xsl, LM xs x erS
erS

Indicate the frequency with which the Board of


Directors, Committee of the Board or CEO to assess
the BR performance of the Company. Within 3
months, 3-6 months, Annually, More than 1 year

xsl

Annually

Yr Mml oAU r xjUi UmO mMzi MUi W? Cx


UmO M SZl M sL Yr WDmUsM W? Mil AiUs mU
Cx mMzi Mr ei W?
oM l uw 2011-12 M sL uwM UmO M lSzM UmO q
oAU x xoki xcl xmi q S j| uw 2012-13 M sL
oM l oAU UmO M lS TqO q olr W| uw 2013-14

81

Does the Company publish a BR or a Sustainability


Report? What is the hyperlink for viewing this report?
How frequently it is published?
The Bank, as part of the Directors Report of the Banks
Annual Report provided brief information on the BR
Report for the year 2011-12. For 2012-13, the Bank
has prepared the Report as per the specified format.
From 2013-14 onwards, the Report will be published

x, UmO uwM m x mMzi M eLa AU Ex MlU oM


M xCO www.canarabank.com. mU Emsok MUr eLa|

annually and made available under the hyperlink


www.canarabank.com

pa Q.: xi uU lwmSl

Section E: Principle-wise Performance

xi 1: MUoU

Principle 1: Businesses should conduct and govern


themselves with Ethics, Transparency and Accountability

liMi, mUSzi AU euoSW M xj

Mr eL ij lri W|
1.

Yr liMi, UiZU AU pcU x xoki li Mus


Mml mU W muUi W?W /lW, Yr rW xqW / xr Eq
/ AmiMi / PMSU / aU xUMU xaPl / Alr mU p
sa W?
oM M oQ U AlqSi MmUO mzxl li W e
M xp zrUkUM rl eqMA, zrUkUM, aWM,
EkUMA, MqcUr AU xqe, M MmUO qsr, AcU
xWiA ij Alr Eci uruWU M qlM M AlxUh
MUi WL xii qsr M AlMsl MUl M xqa Ezr M

1. Does the policy relating to ethics, bribery and


corruption cover only the company? Yes / No. Does
it extend to the Group / Joint Ventures / Suppliers /
Contractors / NGOs / Others?
The Bank is having a Board approved Corporate
Governance Policy, which is drawn with an
overall objective to optimize sustainable value
to all stakeholders viz., depositors, shareholders,
customers, borrowers, employees and society
through adherence to corporate values, Codes of
Conduct and other standards of appropriate behavior.
The Corporate Governance Policy of the Bank extends
to its subsidiaries also.

xj irU M ar W| MmUO aulx msx Alwar mU

The Bank has put in place a Group Risk Management


(GRM) Policy with the permission of the Board of
the Bank. The GRM Policy of the Bank covers
Subsidiaries / Joint Ventures and the Regional Rural
Banks sponsored by the Bank.

p sa W|
oQ M Alqi x oM l xqW eZq mokl msx olD
W| Cx msx M Aiai Alwar/xr El/AU oM U
mrei r aqh oM p Ai W|

Scrutiny of staff accounts at random is undertaken


at the time of RBIA (Risk Based Internal Audit) of
the branches. The transactions above `50000 in
staff accounts are monitored in Offline Transaction
Monitoring system.

eZq AkUi AiUM sZmU M xqr MNM xOT


Zi M ec M ei W| xOT Zi q `50000/- x
AkM M slSl M laUl BTsCl slSl laUl

The Bank has a system of conducting regular


inspection (RBIA) including Information System
Audit at the branches / Units / Offices at specified
periodical intervals. The Concurrent Audit of identified
branches / offices is conducted on monthly basis.

mhs U M ei W|
oM q lrqi lUh (AUoADL) M mhs W| CxM
AiU lS AukMi mU zZA/rlO/Mrsr M
xcl mhs AQO Wi W| qxM AkU mU crli
zZA/Mrsr M xqui sZmU Wi W|
2. uai ur uw q Mil zrUkUM zMri mmi WD W AU
El q x Mil mizi M ximuM mokl U xsfr

2. How many stakeholder complaints have been


received in the past financial year and what
percentage was satisfactorily resolved by the
management? If so, provide details thereof, in about
50 words or so.

ar W? rS W i sapa 50 zoS q uuUh S|

Shareholders Complaints: The Bank received 1616


representations / grievances from Shareholders
during 2012-13 and all the grievances have been
resolved satisfactorily.

zrUkUM zMri: uw 2012-13 q oM l zrUkUM x


1616 ApruSl/zMri mmi M ij xp zMri M
luUh ximuM Mr ar |

Majority of the representations is on account of


non-receipt of Dividend Warrants. This is due to
non-updation of the addresses by the concerned
shareholders. While resolving the grievances,
the Bank has been taking steps to update their

AkMz zMri spz mmi lW Wl x xoki W| CxM


MUh xoki zrUkUM U Aml mi M Ail lW MUl
W| zMri SU MUi xqr oM l ElM mi Ail MUl,

82

oM uuUh mmi MUl, DxLx AkMU-m (AuzrM Tq

addresses, bank details, ECS Mandate (by providing


the necessary forms) so as to avoid recurrence of
such instances.

Emsok MUMU) sl ex MSq EPL W iM SoU Lx


bOlA x oc e xM|

Customer Complaints: During 2012-13, the Bank received 5075 complaints and 98% of the complaints
were satisfactorily redressed. The Bank is taking several measures to improve customer service by bringing in diversified products/services, updated technology, staff training and responding to customers
queries and redressal of customer complaints.

aWM zMri: uw 2012-13 M SUl oM l 5075 zMri


mmi M ij 98% M ximuM lmOr ar| oM l Aml
aWM xu M oWiU oll M sL up EimS/xuL, Elli
iMlM, MqcU mzh ij aWM M mNiN M euo Sl
u aWM zMri M SU MUl ex AlM MSq EPL W|

Principle 2: Businesses should provide goods and


services that are safe and contribute to sustainability
throughout their life cycle

xi2: MUoU Lx EimS u xuL Emsok MUL e


xUi W ij Aml eul c q xjUi olL UZ|
1.

Aml 3 EimS r xuA M xc S elM QeCl q


xqeM r mruUh ciA, eZq AU/r AuxU M
zqs Mr ar W|

i.

ur xquzl Aprl - up aqh rMsm ex


zZL Zs MU oMa xuA M mWc oRl, MUoU
xmMr M qkrq x erS iM Tsu, xS Zi
Zsl, Mxx u exx M U Gh Emsok MUl, NO
oq Emsok MUl, AkU M meMUh, Mxl Yso M
xjml, ur xUi M sL aqh uMx uWl csl
AU aqh eli M sL Gh mUqz Sl|

ii. aqh uMx - oM l up q MrUi 61 xu UeaU


ii
mzh xxjl M mrei/xW-mrei/xWri mSl
M W e M aqh ruM q Eqi uMx ij ElW
xu-UeaU rMsm MUl M sL mixWi MUi W| Cl
xxjl l Ao iM 5 sZ oUeaU M mzh Sr W
elM uruxr mmi SU 73% W|
iii. WUi oMa - oM l up mruUh AlMs Mr ML W
iii
ex xoLx, COUlO oMa, OsoMa, qoCs oMa,
LOLq, aqh eli M sL xU Fe r or-qOM
LOLq AU MN AiUM MrMsm| CxM Asu, LOLq,
lMS / cM xuMi, mxoM mOa MrxM, COUlO oMa,
BlsCl OQa AU OsoMa ex E iMlM oMa
xukA M xj S xjl mU D-sEe oM l xjmi ML
W ij uw M SUl Lx W AU D-sEe M xjml MUl
M rel W| AiUM m x, oM l qlu xxkl mokl u
Alr mzxlM M sL D-aulx M zAi M W|

83

1. List up to 3 of your products or services whose design


has incorporated social or environmental concerns,
risks and/or opportunities.
i.

Financial Inclusion Campaign - covering varied rural


activities, such as, increasing access to banking
services through opening branches, increasing
coverage under Business Facilitators, mobilizing
no-frill accounts, providing credit under KCCs and
GCCs, credit linking SHGs, providing micro-insurance,
Aadhar enrollment, forming farmers clubs, deploying
Gramin Vikas Vahini for enhancing financial literacy
and credit counseling among rural folks.

ii. Rural Development - The Bank has sponsored/


co-sponsored / supported 61 self employment
training institutes in varied fields which promote
entrepreneurship development among rural youth
and encourage them to take up self-employment
activities. These Institutes have trained more than 5
lakh unemployed youth so far, with a settlement rate
of 73%.
iii. Green Banking - The Bank has introduced several
environment friendly measures, viz., core banking
solution, internet banking, telebanking, mobile
banking, ATMs, solar powered biometric ATMs for the
use of rural folk and certain back office operations.
Further, the Bank has set up E-lounges with hi-tech
banking facilities like ATM, cash / cheque acceptor,
passbook printing kiosk, internet banking, online
trading and telebanking at two places and more such
e-lounges are planned during the year. Internally,
the Bank has implemented e-governance for its
human resources management and certain other
administrative areas.

2. Lx xp EimS M sL mr xxkl M xok q lql


xci MU (Fe, es, M qs, AS) (uMsmM):
i.

qsr Zs M SUl mNs uw x sMU AoiM xxa/


EimSl/uiUh M xqr AD Mq?
sa lW

2. For each such product, provide the following details


in respect of resource use (energy, water, raw
material etc.) per unit of product(optional):
i.

Reduction during sourcing/production/distribution


achieved since the previous year throughout the
value chain?
Not Applicable

ii. mNs uw x AoiM Emp U mra ( Fe, ml) q AD


Mq?
sa lW

ii. Reduction during usage by consumers (energy,


water) has been achieved since the previous year?
Not Applicable

3. Yr Mml q xjr xxa M sL MD mi W( mUuWl


xWi) rS W i luzi M Mil mizi xjr m x
xx Mr ar W? 50 zoS q uuUh S|
sa lW

3. Does the Company have procedures in place for


sustainable sourcing (including transportation)? If
yes, what percentage of your inputs was sourced
sustainably? Also, provide details thereof, in about 50
words or so.
Not Applicable

4. Yr Mml xjlr u NO EimSM


EimSM exq Axmx M
q MrUi xqSr zqs W, x qs u xuL ZUSl M MSq
EPL W? rS W i xjlr u NO uQU M qi u rari
oRl M sL Yr MSq EPL W?
sa lW

4. Has the Company taken any steps to procure goods


and services from local & small producers, including
communities surrounding their place of work? If yes,
what steps have been taken to improve their capacity
and capability of local and small vendors?
Not Applicable

5. Yr Mml M EimS AU Amz M mllulMi MUl M


MD i W? rS W i EimS ij Amz M Mil mizi
mllulMUh Mr e UW W( 5% x Mq, 5-10%, 10% x
AkM, Asa - Asa oiL) | 50 zoS q uuUh S|
sa lW
xi 3: MUoU xp MqcUr M psD M oRu S|
1.

Mmr Ms MqcUr M xZr oiL|


Ms MqcUr M xZr 42693 W|

2. Mmr AxjD/xuS/AMxqM AkU mU sL aL MqcUr


M xZr Cai MU|
AxjD/xuS/AMxqM AkU mU sL aL MqcUr M
Ms xZr 204 W|
3. Mmr lrqi qWs MqcUr M xZr Cai MU|
lrqi qWs MqcUr M xZr 10849 W|
4. Mmr lrqi uMsa MqcUr M xZr Cai MU|
lrqi uMsa MqcUr M Ms xZr 941 W|

5. Does the Company have a mechanism to recycle


products and waste? If yes, what is the percentage of
recycling of products and waste (separately as <5%,
5-10%, >10%). Also, provide details thereof, in about
50 words or so.
Not Applicable
Principle 3: Businesses should promote the wellbeing of
all employees
1. Please indicate the total number of employees.
Total number of employees is 42693.
2. Please indicate the total number of employees hired
on temporary/contractual/casual basis.
Total number of employees hired on temporary/
contractual/casual basis is 204.
3. Please indicate the number of permanent women
employees.
The number of permanent women employees is
10849.
4. Please indicate the number of permanent employees
with disabilities.
The number of permanent employees with
disabilities is 941.

84

5. Yr AmM rW MqcU xaPl W e M mokl U qlri


mmi W|
W 2 xaPl W 1. AkMU MqcU 2. MqaU MqcU
6. AmM Mil mizi lrqi MqcU Cx qlrimmi MqcU
xaPl M xSxr W?

5. Do you have an employee association that is


recognized by management.
Yes. 2 Associations. 1. Officer Employees 2. Workmen
Employees.
6. What percentage of your permanent employees is
members of this recognized employee association?

AkMU xb

78.85%

Officers Association

78.85%

MqcU rlrl

73.89%

Workmen Union

73.89%

7. Please indicate the Number of complaints relating to


child labour, forced labour, involuntary labour, sexual
harassment in the last financial year and pending, as
on the end of the financial year.

7. Mmr mNs ur uw q os
os q, oaU, AxucNM q,
rl EimQl x xoki zMri M xZr ij ur uw
M xqmi mU soi xZr Mil W|
. x. h

os q, oaU,
AxucNM q

rl EimQl

pSpumh
UeaU

ur uw M
SUl zMri
M xZr

S.No. Category

ur uw M
xqmi mU soi
zMri M
xZr

zlr

zlr

zlr

zlr

zlr

2
3

8. lqlMi MqcUr q x Mil mizi M xU u Mzs


Erl mzh mNs ur uw M SUl Sr ar?
lrqi MqcU
lrqi qWs
MqcU
AMxqM / Axjr / xuS
MqcU
uMsa MqcU

Child labour/
forced labour/
involuntary
labour
Sexual
harassment
Discriminatory
employment

No. of
complaints
pending as on
end of financial
year

NIL

NIL

NIL

NIL

NIL

8. What percentage of your under mentioned


employees were given safety & skill up-gradation
training in the last year?

70% (32595)

Permanent Employees

70% (32595)

69% (7432)

Permanent Women
Employees

69% (7432)

zlr

Casual/Temporary/
Contractual Employees
Employees with Disabilities

52% (490)

xi 4: MUoU xp WikUM M Wi M xqql MU


ij ElM mi xuSlzs W uzwm x uci, MqeU AU
Emi
i M mi|
1.

No. of
complaints
filed during
the financial
year

Yr Mml l Aml AiUM AU oWU WikUM M mici


Mr W?W/lW
W, oM M zrUkUM q xUMU, luzM, MqcU ij oM
M aWM W|

85

NIL
52% (490)

Principle 4: Businesses should respect the interests of, and


be responsive towards all stakeholders, especially those
who are disadvantaged, vulnerable and marginalized
1. Has the company mapped its internal and external
stakeholders? Yes/No
Yes. The stake holders of the Bank include Government,
Investors, Employees and the Customers of the Bank.

2. E q x , Yr Mml l MqeU, uci u Emi M mWcl


M W?
W.
3. Yr Mml l uci, MqeU u Emi zrUkUM x eQl
M sL MD uzw mWs M W? rS W i 50 zoS q
uuUh S|
MqcU: oM ei, lxs AU kq M AkU mU MD pSpu
AU muaW M ol xp MqcUr M xj xql uruWU
M li Amli W| oM xUMU M Sz lSz M AlxU
Alxci ei / Alxci elei ua x xoki MqcUr
M sL MN uzw sp/xukL/xWri mSl MUi W|
CxM Asu, uMsa MqcUr M Alr MqcUr M
xqisr mUqM/uil Sr ei W| oM, MmUO xqeM
EUSriu M iWi EQl mUrel M Aiai eqq u MzqU
M oUeaU xliM M mzi u pi MU UW W|

2. Out of the above, has the company identified


the disadvantaged, vulnerable & marginalized
stakeholders.
Yes.
3. Are there any special initiatives taken by the company
to engage with the disadvantaged, vulnerable and
marginalized stakeholders. If so, provide details
thereof, in about 50 words or so.
Employees: The Bank practices the policy of equal
treatment of all employees without any discrimination
and bias on the basis of caste, creed and religion.
The Bank extends certain special benefits/ facilities/
assistance to employees belonging to SC/ST category
as per Government guidelines. Further, the wages/
salaries, promotions and other benefits extended
to employees with disabilities are at par with other
employees. The Bank, as part of Corporate Social
Responsibility, is training and recruiting unemployed
graduates from the State of Jammu and Kashmir
under the project Udaan.

aWM: xqe M Emi ua M eUi M mU MUl M


sL, oM l, Alr relA M xj, xS oci Zi rel,
MlU lr Sz rel M Aiai xq oq AU xq
mzl rel, zWU aUo M sL xq u zZL, Mxl
M sL Mxl QO, xqlr QO MQ, xur xWri
xqW M Gh, qlUa qeSU AU xqeM xU mzl
M pail M sL CsYOlM sp WxiiUh, orqOM
LOLq, upSM ore SU rel M iWi Gh, qWs Eqr
AU. xq Lu sb Eq M xWri M sL Gh relL
z M W|
xi 5: MUoU qlukMU M xqql u mixWl MU|
1.

qlukMU mU Mml M li Yr Mml mU W sa Wi


W r rW xqW / xr Eq / AmiMi / PMSU / aU
xUMU xaPl / Alr mU p sa W?
oM pUi M xukl q lWi qlu AkMU M uwruxi
x mUci W ij xb M xuii AU xqWM xSoe
MUl M AkMU M xqql MUi W|

Customers: In order to cater to the needs of


marginalized segments of the society, the Bank has
introduced, among others, No-frill Savings Accounts
Scheme, Micro Insurance and Micro Pension under
Canara Nayee Disha Scheme, micro-finance branches
for urban poor, kisan credit cards for farmers, general
credit cards, loans to self help groups, electronic
benefit transfer for payment of MGNREGA Wages
and social security pension, biometric ATMs, loans
under Differential Interest Rate Scheme, loans to
women entrepreneurs and support to micro & small
enterprises.
Principle 5: Businesses should respect and promote
human rights
1. Does the policy of the company on human rights
cover only the company or extend to the Group/Joint
Ventures/Suppliers/Contractors/NGOs/Others?
The Bank is aware of the human rights content of
the Constitution of India and respects the freedom of
associations and the right to collective bargaining.

qlu xxkl x xoki lir Mus oM M mUcsl mU


W sa W| CxM Asu, oM M qlu xxkl lir xp
MqcUr M xqli AU Eci uruWU mSl MUi W ij
MD pSpu Uri, kq, sa, Eq, uMsai, MqcUr
M xqeM AU AjM xji r Mll U lw Mx
Alr AkU mU lW Mr ei W|

The HR related policies cover the operations of the


Bank only. Further, the HR policies of the Bank are
well laid out with equal and fair treatment of all the
employees and no discrimination is made based on
nationality, religion, gender, age, disabilities, social
and economic status of the employees or any other
basis prohibited by the law.

86

rl EimQl M UMjq
oM Mrxjs mU rl EimQl M lwk MUi W| xu zi
q, rl EimQl M UMl M sL mukl W| uzZ u Alr
olq Uexjl xUMU u Alr M qqs q Eiq lrrsr M
LiWxM Txs U eU SzlSz M AlxU rl EimQl
M li sa M ar W| msx M AlxU, qW mokM M UM
us qWs MrmsM M Akri q LM zMri xqi M
aPl Mr ar W exq AkMz xSxr qWsL W W AU LM
xSxr aU xUMU xaPl x W| xqi M UmO M AkU mU
W oM MUuD MUi W| oM xqr xqr mU xu zi, lrq,
qWs MqcUr M sp, qWs MqcUr M AkMU ij rl
EimQl M UMjq M mpu oll M sL mUm eU MUi W|
MqcU zMri luUh li
oM l xu zi x xoki uxiuM urai zMri M SU
MUl M Ezr AU ExM iuUi xqkl M sL MqcU zMri
luUh li olD W| Cx li M iWi zMri M lkUi xqr
M piU lUMUh MU UW W| Acs xiU luUh xqi M lhr
M ZsT Ams M p mukl W.
xcl M AkMU Aklrq
xcl M AkMU Aklrq, 2005, M mUpw M AlxU MlU
oM LM sM mkMUh W, CxsL uW eli M xcl mSl
MUl M Sriu M Akl W|
up Mr M sL PMSU M xu sl:
oM Aml mUxU q xus lqh / ui / UZ-UZu Mr
M sL PMSU M xu si xqr q Mll uzwiU mU
lrliq qeSU M pail ij Alr xoki qlukMU M
msl MUi W|
2) mNs ur uw q Mil WikUM M zMri AD AU
Mil mizi zMri M lmOl mokl M U xiwelM
m x Mr ar?
uw M SUl rl EimQl mU S zMri mmi WD elM
lmOl ol xqr auL Mr ar|
xi 6: MUoU mruUh M xqql, xU AU Ex mlxjmi
MUl M mrx MU|
1.

xi 6 x xoki Mml M li Yr Mml iM xqi W


r xqW / xr Eq / AmiMi / PMSU / aU-xUMU
xxjl / Alr mU p pa W?
li Mus oM iM W xqi W|

87

Prevention of Sexual Harassment


The Bank prohibits sexual harassment at work places. In
the Service Conditions, there are clauses exclusively for
prevention of sexual harassment at work places. The
policy on sexual harassment has been implemented in
terms of guidelines issued by Supreme Court of India
in its landmark judgment in Visakha & Ors. Vs. State
of Rajasthan & Ors. As per the policy, a Complaints
Committee has been constituted headed by a lady
Executive of the rank of General Manager with majority
of lady members and an outside member from a reputed
NGO. The action is taken based on the reports of the
Committee. The Bank issues Circulars from time to time
reinforcing service conditions, rules, benefits to women
employees, right of women employees, prevention of
sexual harassment.
Employees Grievances Redressal Policy
The Bank has framed Employees Grievance (s) Redressal
Policy with a view to lend to the genuine individual
grievances relating to service condition of the employees
and for speedy resolution of the same. The complaints
under this policy are redressed within the stipulated time.
There is also an appeal provision against the decision of
the Circle Level Redressal Committee.
Right to Information Act
Canara Bank is a Public Authority, as per definition of
Public Authority in the Right to Information Act, 2005,
and thus, is under obligation to provide the information
to members of public.
Engaging Contractors for various works
While engaging the services of Contractors for the
civil construction / electrical/maintenance works at
its premises, the Bank follows the labor laws especially
payment of minimum wages and other related
human rights.
2. How many stakeholder complaints have been
received in the past financial year and what percent
was satisfactorily resolved by the management?
Two complaints on sexual harassment were received
during the year which was resolved without any loss
of time.
Principle 6: Business should respect, protect, and make
efforts to restore the environment
1. Does the policy related to Principle 6 cover only the
company or extends to the Group/Joint Ventures/
Suppliers/Contractors/NGOs/others.
The Policy covers only the Bank.

2. Yr Mml M mx uM mruUh M q ex mruUh q


oSsu, asos uqa AS M sL MD rel/mWs W?
W/lW, rS W i, Mmr uome M WCmUsM S|
W

2. Does the company have strategies/ initiatives to


address global environmental issues such as climate
change, global warming, etc? Y/N. If yes, please give
hyperlink for webpage etc.
Yes.

Gh eZq mokl li M xSp q, oM Lx lr DMCr


M xjml M sL Gh mSl lW MUi elM U Ael
ucNSl mSj ex YsUnsU Mol - 11 (xLTx-11),
x.LT.x.-12 AU x.LT.x. 11 AU x.LT.x. 12 M
qh, x.LT.x. - 113, Mol OOYsUCQ, qjCs Ys
2 UTq, Wsl - 1211, 1301, 2402 e Tq EimSl,
UTeUOU AU LrUMQzlU, LUxs Eim.S, xTD M EimS
q mr xsuO, Aalzql AS q mr ML ei W |

In terms of Credit Risk Management Policy, the Bank


is not extending finance for setting up of new units
consuming/ producing Ozone Depleting Substances
(ODS) such as Chlorofluoro carbon 11 (CFC 11),
CFC 12, Mixtures of CFC 11 and CFC 12, CFC
113 Carbon Tetrachloride, Methyl Chloroform, Halons 1211, 1301, 2402 used in Foam products, Refrigerators & Air conditioners, Aerosol products, Solvents in cleaning applications, Fire extinguishers.

oM U El NO / qfs xiU M CMCr M ur


xWri lW S ei W e x.LT.x. M mra MU LUxs
CMD M EimSl q sa WL W|

No financial assistance is extended by Bank to small/


medium scale units engaged in the manufacture of
the Aerosol Units using CFC.

OYxM mSj M Eixel MUl us EimSl DMCr M


Gh mxiu M qsrMl MUi xqr oM Lx mSwi mSj
M uiuUh q NQl x mu mxxMi MUl M sL es
zkl CMD M xjml M sL Suo Qsi W ij xli
Mr ei W M EkUM l MlS / Uer mSwh lrh oQ
x Alm mqh m mmi Mr W|

While appraising the credit proposal, of manufacturing units, emitting toxic pollutants, the Bank insists
upon installation of water treatment projects for processing of such pollutants before release into the environment and ensures that the borrower client also
obtains NOC from Central/State Pollution Control
Board.

3. Yr Mml xpui mruUhr eZq M mWcl AU


AMsl MUi W? W/lW

3. Does the company identify and assess potential


environmental risks? Y/N
Yes.

W
4. Yr Mml q xucN uMx i x xoki MD mUrel
W? rS Lx W i 50 zoS q uuUh S| AU, rS W i Yr
MD mruUh Almsl UmO SrU M ar W?
W
oM U up WUi oMa mWs M ar W exq MU
oMa xqkl, COUlO oMa, OsoMa, qoCs oMa,
LOLq, aqh eli M Emra M sL xU Fe xcsi
orqOM LOLq, zZA q D- sEe AU Aml xOT
ij mzxlM M sL D aulx AU Mae UWi oMa
zqs W|
5. Yr Mml l xucN maM, Fe Si, luMUhr Fe,
AS mU MD Alr mWs z M W? W/lW, rS W i
uome M WmUsM S|

4. Does the company have any project related to Clean


Development Mechanism? If so, provide details
thereof, in about 50 words or so. Also, if Yes, whether
any environmental compliance report is filed?
Yes.
Various green banking initiatives undertaken by the
Bank include core banking solution, internet banking,
telebanking, mobile banking, ATMs, solar powered
biometric ATMs for the use of rural folk, E-lounges
in branches and e-governance for its staff and
administrative areas to promote paperless banking.
5. Has the company undertaken any other initiatives
on clean technology, energy efficiency, renewable
energy, etc. Y/N. If yes, please give hyperlink for web
page etc.
Though the Bank has not undertaken any such
initiatives directly, yet the Bank gives due weightage
and preference to the environment friendly green
projects which earn the carbon credits, such as, Wind
Mills / Solar Power projects.

WsM oM l Ap iM Mx p iUW M mWs xk z


lW M W, oM mruUh M AlMs Lx WUi mUrelA
M mjqMi u qWiu Si W e Mol Mq MUi W ex
mul cYM / xU Fe mUrelL AS|

88

CxM Asu, oM E Fe Si xli MUl M sL


xLTLs (MqmYO nsUxO sCOa) Aml xp mUxU
sal M sL AaxU W| oM p E Fe Si xli
MUl M Sz.q UOQ Fe Mzs EmMUh M Emra MUl
M li M AlxUh MU UW W Aji LrU MQzlU|

Further, the Bank is changing over to CFLs (Compact


Flourescent Lightings) in all its premises ensuring
higher energy efficiency. The Bank is also following
a policy of using Rated Energy Efficient Appliances,
viz., Air Conditioners towards ensuring higher energy
efficiency.

oM xucN maM Amli WL elUOU M Emra q


xmxo lrq (MSr mSwh lrh oQ) M msl MUi
W| oM Aml up xjl mU xU Fe xcsi rmLx
sal AU Ar Fe M Emra M p Amll M mr
q W| .

The Bank is complying with the CPCB rules (Central


Pollution Control Board) in usage of generators
adopting clean technology. The Bank is also in the
process of deploying solar powered UPS for its various
locations and adopting renewable energy usage.

6. Yr Mml U Eim Eixel/ Amz xci ur uw M


sL xmxo / Lxmxo U lkUi xq M piU W?
oM ur xuL Emsok MUi W Ai: rW sa lW W|
7. ur uw M xqmi iM xmxo / Lxmxo x mmi
Mll lOx/ MUh oiA lOx M xZr e M soi
W? ( rl xi M xiU iM lW lmOr ar W)
zlr
xi 7: MUoU, eo Aqeli AU ulrqM lir M
mpui MUi W i Lx eqqSUmuM Mr eL|
1.

Yr AmM Mml Mx urmU AU coU r xb M xSxr


W? rS W i El oQ xxjA M lq oiL elM xj
AmM MUoU Wi W?
W .
M) pUir oM xb (ADoL)

6. Are the Emissions/Waste generated by the company


within the permissible limits given by CPCB/SPCB for
the financial year being reported?
The Bank is engaged in providing financial services
and hence not applicable.
7. Number of show cause/ legal notices received from
CPCB/SPCB which are pending (i.e. not resolved to
satisfaction) as on end of Financial Year.
Nil
Principle 7: Businesses, when engaged in influencing
public and regulatory policy, should do so in a responsible
manner
1. Is your company a member of any trade and chamber
or association? If Yes, Name only those major ones
that your business deals with:
Yes.
a)
b)
c)
d)
e)
f)
g)

Z) pUir oMa u u xxjl (ADADoLT)


a) oMa MqM crl xxjl (ADomLx)
b) Ur oM mokl xxjl (LlADoLq)
Q.) pUir Ur pail laq(LlmxAD)
c) pUir xqzkl laq(xxAD)
N) pUir luz oMU xb, qoD
2. Yr Aml elWi M Ei r xkU M sL FmU xb
M qkrq x uMsi / mUu M W? W/lW, rS W i
qOiU mU El M oU q oiL (aulx AU mzxl,
AjM xkU, xquz uMx lir, Fe, xU, es,
Z xU, xii uruxrM xi, Alr)
xuelM M oM Wl M MUh oM mU Sz M xp
u xp ua M M oMa xuA M mSl MUl M
xqeM EUSriu W| CxM Asu, oM qO iU mU Sz
M xjr uMx q raSl M sL AjM AU ur

89

Indian Banks Association (IBA)


Indian Institute of Banking and Finance (IIBF)
Institute of Banking Personnel Selection (IBPS)
National Institute of Bank Management (NIBM)
National Payments Corporation of India (NPCI)
The Clearing Corporation of India (CCI)
Association of Investment Bankers of India,
Mumbai

2. Have you advocated/lobbied through above


associations for the advancement or improvement
of public good? Yes/No; if yes specify the broad areas
(drop box: Governance and Administration, Economic
Reforms, Inclusive Development Policies, Energy,
security, Water, Food Security, Sustainable Business
Principles, Others)
The Bank, being one of the public sector banks of
India, is driven by the social objective of extending
the benefits of the banking services to all regions
of the country and to all classes of people. Further,

q xkU, xquz uMx AU xql uMx, Ur


mjqMiA AU Z xU M M zqs MUi WL
xqr - xqr mU pUi xUMU AU pUir Ueu oM U
eU ML aL xp liai lSz / lrqM Sz lSz M
msl MU UW W|

the Bank is adhering to all the policy directions/


regulatory guidelines issued by Government of India
and the Reserve Bank of India from time to time
broadly covering the areas of economic and financial
sector reforms, inclusive growth and equitable
development, national priorities and food security
contributing to sustainable development of the
country.

xi 8: MUoU xqa uMx AU xql uMx M xos S|


1.

Yr Mml q xi 8 x xoki li M AlxUh M sL


uz Mrq / mWs / mUrelL W? W i iixok orU
Yr W|
oM l xquzi u u xql uMx M sL AlM
Mrq/mWs/mUrelA M csr W|
uuUh lqlui W:
oMa xu UWi M Emi ua M oMa xu Emsok
MUl M sL oM l 24 Uer M 2000 elxZr x AkM
us 1624 au q ur xquzl rel M Mrurl
Mr | eul xiU M Ei MUl M sL uWlr Zc mU oMa
xu Emsok MUl W CxM Ezr W | CxM Mrurl S
qQs M iWi Mr ar rl oM u qOU qQs AU
MUoU xmM qQs |

Principle 8: Businesses should support inclusive growth


and equitable development
1. Does the company have specified programmes/
initiatives/projects in pursuit of the policy related to
Principle 8? If yes details thereof.
The Bank has undertaken various initiatives/
programmes/ projects in pursuit of inclusive growth
and equitable development of the society.
The details are as under:
The Bank has implemented financial inclusion plan
in 1624 villages with more than 2000 population
across 24 States, to provide banking services to the
excluded category of people in unbanked areas. The
objectives are to provide them the banking services
at affordable cost in order to improve their standard
of living. The implementation was done under two
models, viz., Brick and Mortar model and Business
Correspondent model.

275 au M oM AU qOU qQs AU oc WL 1349 au


M MUoU xmM M qSS x oMa xu Emsok MUr
ar | Cl 1349 au q x, 542 au q MUoU xmM Ai
sb zZA U LM li xjl mU oMa xu Emsok
MULa |

275 unbanked villages are covered through brick


and mortar model and the remaining 1349 villages
are provided banking services through engaging
business correspondents. Out of 1349 villages, the
business correspondent agents are providing the
banking services in a fixed place through Ultra Small
Branches in 542 villages.

2013-14 M sL rel: uw 2013-14 M SUl oM 3794


au ( 2000 x Mq M AoS) , uw 2014-15 q 4212
au ij uw 2015-16 q 419 au M 421 oM u qOU
zZL Zsi WL AU 2489 MUoU xmM LeO M lr
MUi WL MuU MUl M rel W|

Plan for 2013-14: The Bank has planned to cover


3794 villages (with less than 2000 population)
during 2013-14, 4212 villages during 2014-15 and
419 villages during 2015-16 by opening 421 brick
and mortar branches and engaging 2489 business
correspondent agents.

uw 2013-14 M SUl 28 ur xUi MlS Zs el

It is proposed to open 28 Financial Literacy


Centers during the year 2013-14. The financial
literacy programme for the school students
is planned in Agra district covering 30000
students in Govt. schools on pilot basis. The
training programme for the SHG/NGO leaders
was successful in the last year. This year also, it is
proposed to conduct 30 such programmes in four
States covering 1000 members who in turn train
20000 members of SHGs. The comic books Money
and Savings will be brought out in Bengali and Oriya
languages for free distribution to the public.

M mxiu W| zAi q AaU es M xUMU usr q


30000 N M sL ur xUi Mrq M rel olr
ar W | ai uw xurxu xxjA/aU xUMU xxjA M
liA sL mzh Mrq xTs UW | Cx uw p WU mMU
M 30 Mrq M 4 Uer q Arei MUl M mxiu
W| exx 1000 xSxr mzi Wa e 20000 xurxu
xxjA M xSxr M mzi MUa | MqM mxiM mx
u oci M oas u EQr pw q p lMs eLa|

90

oM l aq AaMUh rel - AMs qQs M oM M


31 Acs M 62 au q ElM xuah uMx M sL z
M W| mirM au M uMx M sL miuw 3 sZ mr M
AlSl UZ ar W | rW rel S uw M sL W ij rel
M krl q UZi WL Cx LM xs M sL AU oRr e
xMi W|

The Bank has introduced the Village Adoption


Scheme Akola model in 62 villages in 31 Circles of
the Bank for overall development. A grant of `3 lakh
is earmarked per village per year for the development
activities. The Scheme is for a period of 2 years and
can be extended for 1 more year depending upon the
merits of the case.

2. Yr Mrq / mUrel AiUM Oq / xu xxjl / o


/ aU xUMU xxj / xUMU xxj / r MD Alr xxj
M qkrq x ML ei W?
ur xquzl mUrel AiUM Oq M xWri x sa
M ar | oM q mjqMi xZ AU ur xquzl upa
M Aiai LM Asa ur xquzl mpa W exM mqZ
LM qWmokM W |

2. Are the programmes/projects undertaken through


in-house team/own foundation/external NGO/
government structures/any other organization?
The financial inclusion projects have been undertaken with the help of an in-house team. The Bank has
a separate Financial Inclusion Division under Priority Credit and Financial Inclusion Wing, headed by a
General Manager.

3. Yr Aml mrx M Aml mpu qsrMl Mr W ?


W

3. Have you done any impact assessment of your


initiative?
Yes.

W, oM l uw 2012-13 M SUl 17.31 sZ oMa xuUWi


sa ij rel M zAi xsMU AoiM 62 sZ oMa
xuUWi sa M qspi oci eq Zi Emsok MUr W|

The Bank has provided Basic Savings Deposit accounts


to 17.31 lakh unbanked people during the year 201213 and 62 lakh unbanked persons since inception of
the Scheme.

uw 2011-12 M SUl 235 ur xquzl zZL Zs


AU 2012-13 M SUl Wql 8.37 sZ Zi x 1399
MUQ mr M MUoU Mr ij 830 MUQ mr M
Gh Emsok MUr exx 1.54 sZ aU oMa sa spui
WL |

235 Financial Inclusion branches opened during


2011-12 and 2012-13 have garnered a business
of `1399 Crore in 8.37 lakh accounts and provided
credit of `830 Crore benefitting 1.54 lakh unbanked
persons.

oMa xu UWi aqh M qspi oci eq Zi, AilWi


AuUQTO xukL, Gh xukL ex xqlr QO MQ
rel, upSM ore SU rel, Mxl QO MQ rel,
Gh xuma rel AU MD xZ EimS Emsok MUL aL |

The unbanked rural people are provided with Basic


Savings Deposit Accounts, Inbuilt Overdraft Facilities,
credit facilities under products like General Credit
Card Schemes, Differential Rate of Interest Scheme,
Kisan Credit Card Scheme, Debt Swapping Scheme
and various other credit products.

oM l q. MlU LcLxox Aox CzrUx Mml M xqW


oq rel M iWi Gh mSi xur xWri xqW M xSxr
M eul M MuU Mr ar W exq mirM xSxr M eul
M 25000 mr iM 100 mr M qqs mqrq M xj
MuU Mr ar W | sapa 30000 ur Cx rel M iWi
splui WL W|

The Bank has also covered the lives of the members of


credit linked SHGs under Group Insurance Scheme by
M/s Canara HSBC OBC Insurance Company, covering
the lives of the individual members to the extent of
`25000 for a nominal premium of `100. About 30000
persons have been benefitted out of the Scheme.

oM l MlOM M cU es AU iqslQ M xp es
q LM es MD oM qQs M iWi xUMU sp ex
xqeM xU mzl M CsYOlM sp WxiliUh M
Mrlurl q pa sr W| MlOM M cU es q qlUa
M iWi qeSU M pail M sL Zi M Zsl M Mr
mai mU W| Cx rel x spjr M ElM SUue / au
q xqr mU pail mmi MUl q qSS qs W|

91

The Bank has participated in implementation of


Electronic Benefit Transfer of Govt. benefits like Social
Security Pension in four districts of Karnataka and all
districts of Tamil Nadu under One District Many Bank
Model. The enrollment is in progress for opening of
accounts for disbursement of wages under MGNREGA
in four districts of Karnataka. This has helped the
beneficiaries under the Scheme in getting the timely
payment at their doorsteps/ villages.

oM l mWs cUh q 43 crli es q AU ir cUh q

The Bank has also participated in implementation


of Direct Benefit Transfer of Govt. Benefits in 43 identified
districts in Phase I and 78 identified districts in Phase II.
So far, benefits transferred under the Scheme reached
`1 Crore.

78 crli es q xUMU sp M xk xjliUi MUl


q pa sr W | Ao iM Cx rel M iWi WxiiUi sp
1 MUQ mr mWc ar W|
oM l 35 xz es q MlU aqh uMx uWl uWl

The Bank has provided inclusive growth


vehicles called Canara Gramin Vikas Vahini
Vehicles in 35 potential districts. These vehicles
accompanied by an Agriculture Extension Officer
or general officer who are well aware of the
Banks various rural development schemes visit
the villages regularly for creating awareness among
the rural mass about banking. The vehicles are
also provided with the account opening forms and
pamphlets of various schemes.

lqM xquz uMx uWl mSl ML W| Cl uWl q Mw


uxiUh AkMU r xqlr AkMU xj ei W elW
oM M up aqh uMx relA M elMU Wi
W AU r lrqiiU mU aqh q eaMi mS MUl ei
W| Cl uWl q Zi Zsl M Tq ij Alr relA M
mqTsOx Wi W|
4. xqSrM uMx mUrelA M sL AmM Mml M
mir raSl Yr W ? Uz mr q ij mUrelA M
uuUh |
oM l up xqSrM uMx AU xqeM - AjM
Msrh aiukr q sa 697 xaPl M 1129.53 sZ
mr M Uz uiUi M| (Mmr oS 5 M pa 3 M
xSp s)
5. Yr Cx xqSr uMx M mWs M xTsimuM xqSr
U Amlr el M xli MUl M sL Aml MSq EPL
W? Mmr 50 zoS q oiL|
oM SlaW xaPl / xxjl x xlS sZMU U eU
mqh m mmi MUi W e m MUi W M ex Ezr M
sL oM U Sl qeU Mr ar j ExM Aiq Emra
Mr ar W|
xi 9: MUoU eqqSU x Aml aWM AU EmpA x
eQ AU ElW xqql mSl MU|
1.

ur uw M xqmi mU Mil mizi aWM zMri/


Emp mMUh soi W?
ur uw M xqmi mU 5075 aWM zMri M 2.11%
(107) vMri soi j | WsM, uw 2012-13 M xp
soi zMri M AoiM lmOr e cM W |

2. Yr Mml, xjlr lrq M Aluri M Asu, EimS


sos mU EimS M xcl mSzi MUi W? W/lW/sa
lW/ Ommhr (AiU xclL)
oM M EimS AU xuA M oU q elMU mqTsOx AU
ozU M qkrq x zZA q Emsok MUr ei W AU
Cx oM M uoxCO q p Emsok MUr ar W|

4. What is your companys direct contribution to


community development projects - Amount in INR
and the details of the projects undertaken.
The Bank disbursed a sum of `1129.53 lakh (697
Sponsorships) engaged in various community
development and socio-economic welfare activities
(Pl. refer to Section B Point No.5).
5. Have you taken steps to ensure that this community
development initiative is successfully adopted by the
community? Please explain in 50 words, or so.
The Bank is obtaining a Certificate issued by a Charted Accountant of the donee organization/ Institute
confirming the end use of the donation for the purpose for which the donation was sanctioned by the
Bank.
Principle 9: Businesses should engage with and provide
value to their customers and consumers in a responsible
manner
1. What percentage of customer complaints/consumer
cases are pending as on the end of financial year.
2.11% (107) of the 5075 customer complaints
received were pending as at the end of the financial
year. However, all the pending customer complaints
of 2012-13 have since been redressed.
2. Does the company display product information on
the product label, over and above what is mandated
as per local laws? Yes/No/N.A. /Remarks(additional
information)
The information about the products and services
offered by the Bank are made available in the
branches through pamphlets and brochures and is
also made available in the Banks website.

92

3. Yr mNs mc
c uw M SUl Alci MUoU uruWU, aU
eqqSUl uml AU / r mixmk uUk uruWU M Mx
p qqs M oU q Mml M ZsT Mx p zrUkUM U
qqs SrU Mr ar W AU e ur uw M xqmi iM
soi W? rS Lx W i 50 zoS q uuUh S|
zlr
4. Yr AmM Mml l Mx p Emp xuh / Emp
xi fl M mi sar W?
oM zZA U mSl M el us aWM xu M ahu
M AMsl MUl M sL AU Aml aWM x xk mir
mmi MUl M sL, LM xu- lWi, xOmr mzlus ElM
mir sl M sL aWM M uiUi MUl sL oM M
zZA M Emsok MUr ar j| xuh M lwMw Cx
mMU W:
1.

96% aWM LOLq xoki xuA x xi W|

2.

92% aWM COUlO xuA x xi W|

3.

Ms 98% aWM oM M xuA x xi j|

3. Is there any case filed by any stakeholder against


the company regarding unfair trade practices,
irresponsible advertising and/or anti-competitive
behaviour during the last five years and pending as
on end of financial year. If so, provide details thereof,
in about 50 words or so.
Nil.
4. Did your company carry out any consumer survey/
consumer satisfaction trends?
To assess the quality of customer service rendered by
the Banks branches and to get the feedback directly
from the customers, a self contained, prestamped
questionnaire was made available to all branches
for distributing the same to customers for providing
their feedback. The finding of the Survey is as under:
1. 96% of the customers were satisfied with ATM
related services.
2. 92% of the customers were satisfied with
internet services.
3. Overall 98% of the customers were satisfied with
the Banks services.

93

MmUO aullx mU lSzM


qQs M UmO
2012-2013
REPORT OF THE BOARD OF DIRECTORS ON
CORPORATE GOVERNANCE

94

MmUO aullx mU lSzM


qQs M UmO

Report of the Board of Directors on


Corporate Governance

1) MmUO aullx mU oM M Szl:


MmUO aullx xU zrUkUM M xxjU uMx M
sL xmS M mpu mokl AU uiUh ij xqeM
Sriu lpl M sL xuq mokl AcUh M
Almra, xW qrl q Mll M Almsl Lu liM
qlM M AlxUh Wi W|

1) Banks philosophy on Corporate Governance


Corporate Governance is the application of best
management practices, compliance of law in true
letter and spirit and adherence to ethical standards
for effective management and distribution of wealth
and discharge of social responsibility for sustainable
development of all stakeholders.

MlU oM M xMsml Axi xupa, aWMlqZi,


EimS lulqwh, spmSi M q xuq AcUh
ij zrUkUM M xuki qsr M xj u xiUr
oM M m q EpU Al W| Cx xMsmi sr M mmi
MUl M Sz q Aml mrx q oM MmUO aullx
M mpu mhs mU xo x erS eU S UW W|
lSzM qQs, uU mokl i AU MrmsM M oc
q Aiuism Lx Wi W M ExM LM oeQ AU
Asa pqM W iM Zx iU mU Aml zrUkUM M
AU AqiU mU eli M xuki qsr mmi W xM|

The vision of Canara Bank is to emerge as a World


Class Bank with best practices in the realms of Asset
Portfolio, Customer Orientation, Product Innovation,
Profitability and enhanced value for stakeholders. In
its endeavour to attain the goal visualized, the bank
is laying maximum emphasis on the effective system
of Corporate Governance. The interaction between
the Board, Senior Management and the Executives is
so configured as to have a distinctly demarcated role
so as to derive enhanced value to its stakeholders in
particular and society in general.

xqa Ezr Mml qsr, AcU xWiA ij xqci


uruWU M Alr qlM M msl M eUL xqxi
WikUM-eqMiA, aWM, EkUMiA, MqcUr
AU xqe M Ciq xxjU qsr Emsok MUl W|

The overall objective is to optimize sustainable


value to all stakeholders-depositors, Shareholders,
customers, borrowers, employees and society through
adherence to Corporate values, Codes of conduct and
other standards of appropriate behaviour.

2) lSzM qQs:
oM M lSzM qQs M aPl, oMa Mml (Emq M
AkaWh ij AiUh) Aklrq 1970(rj xzki)
M kU 9(3) Lu UrMi oM (mokl Lu uuk
mukl) rel 1970 (rj xzki) M AlxU Mr
ar W|

2) Board of Directors:
The Board of the Bank has been constituted under
Section 9(3) of the Banking Companies {Acquisition &
Transfer of undertaking} Act 1970 (as amended) and
Nationalized Bank (Management & Miscellaneous
Provision) Scheme 1970 (as amended).

oM M oQ q ahqlr ur W, elWl oMa AU


iixok Alr q Aml oWuk Lu SbMsM
Alpu x oM M mai q EssZlr xWra mSl
Mr W|

The Board of the Bank consists of eminent


personalities, who through their rich and varied
experiences in Banking and other related fields have
made significant contribution towards the progress
of the bank.

oQ M xSxr M xqqh Lu oPM q El


M Emxji xok uuUh mUz M u Z q Sr
ar W|

The composition of members of the Board and the


details of attendance at the meetings are given in
appendix A & B.

95

3) sZmU xqi:
oQ M sZmU xqi (L x o) M aPl
Lu Mrxcsl, pUir Ueu oM M lSz U
mzxi W|
i)

rW xqi oM M xqa sZmU Mr M mruh


M xj-xj lSz p mSl MUi W |

ii)

oQ M sZ mU xqi M ucUj uwr q lql


Mr zqs W:

3) Audit Committee:
The Audit Committee of the Board (ACB) has been
constituted by the bank as per guidelines of Reserve
Bank of India and Listing Agreement with Stock
Exchanges.
i)

ACB provides directions and also oversees the


operation of the total Audit function of the Bank.

ii)

The main functions of the committee are as


under:

M. oM M ur UmOa mr M mruh MUl


Lu xW, mrmi Lu uxlr mMOl xli
MUl |

a. To oversee the banks financial reporting


process and ensuring correct, adequate and
credible disclosure of financial information.

Z. sZMl lir AU uruWU mU uzw os Si


WL ur uuUh x xoki sZMl qlSQ
AU Mll AmA M Almsl xli MUi
WL mokl i M xj ur uuUh M xq
MUl, ij

b. Reviewing with the management, the


financial statements with special emphasis
on accounting policies and practices,
compliance with accounting standards
and other legal requirements, concerning
financial statements and

a. o Lu AiUM sZmU, AiUM lrh


M mrmii, ahu Lu mpuzsi M xq
MUl, uwM sZ AU UmO M Aiq m Sl
M mWs o sZmUM M xj cc MUl
ij oM M u Lu eZq mokl lir M
xq MUl |

c. Review the adequacy, quality and


effectiveness of external and internal audit,
internal control system, interaction with
external auditors before finalization of
Annual accounts and reports, review Banks
finance and risk management policies.

iii) rW xqi oQ M sZ mU xqi U sa Tq


sZ mU UmO q EPr ar qqs M oU q
xji M xq M ei W |

iii) ACB reviews the position with regard to issues


raised in the Long Form Audit Report (LFAR).

iv) rW xqi pUir Ueu oM M lUh UmO q


EPr ar xp qqs/Ommhr M Aluil p
MUi W |
v)

oQ M sZ mU xqi Almsl M, AiUzZ sZ xqkl Alpa AS x mmi UmO M


xq p MUi W |

pUir Ueu oM l Aml m AUoAD/2010-11/269QoLx.LAULx.ox


xZr:4/08.91.20/2010-11,SlM
10.11.2010 U xq MshQU xci Mr W ex oQ M
sZ mU xqi M Aqs MUl W | Cl qS M AukM
xq M sL oM M MmUO Apzxl li q zqs
Mr ar W AU ClW xq MshQU M qioM sZ mU
xqi M xql ukui UZ ei W |
sZ mU xqi M xSxr M xqqh Lu oPM
q ElM Emxji xok uuUh mUz M Lu Z q Sr
ar W |

iv) It follows up on all the issues / concerns raised in


the Inspection Report of RBI.
v)

ACB also makes a review of reports received


from Compliance Cell, Inter-Branch Account
Reconciliation (IBAR) section, etc.

The Reserve Bank of India, vide their letter RBI/


2010-11/269-DBS.ARS.BC.NO.4/08.91.20/2010-11,
dated 10.11.2010, conveyed the Calendar of Reviews
to be followed by the Audit Committee of the Board.
These items have been incorporated in the Corporate
Governance Policy of the Bank for periodical review
and are duly placed before the Audit Committee as per
Calendar of Reviews.
The composition of members of Audit Committee and
the details of attendance at the meetings are given in
Appendix A & B.

96

4) mUqM
mUqM xqi:
pUi xUMU M m LT x. 20/1/2005-oA.AD, SlM
09.03.2007 M xSp q pUi xUMU M SzlSz
M AlxU mhMsM lSzM M MrlwmSl M
qsrMl MUl M mrelj oM M lSzM qQs l
mUqM xqi aPi M W| ijm, uw M SUl Mx
p mhMsM lSzM M MrlwmSl xo mixWl
mSl lW Mr ar W| mUqM xqi M xSxr M
xqqh AU oPM q Emxji M uuUh Alok "M"
ij"Z" q Sr ar W |

4) Remuneration Committee:
In terms of GOI Letter F.No 20/1/2005-BO.I
Dt. 09.03.2007 Board of Directors of the Bank
had constituted a Remuneration Committee to
evaluate the performance of whole time directors
as per GOI guidelines. However during the year
there is no performance linked incentives paid to
any of the whole time director. The composition
of members of Remuneration Committee and the
details of attendance at the meetings are given in
Appendix A & B.

5) lSzM M mUqM Uz M pail:

5) Remuneration to Directors.

5.1 lSzM M mUqM, pUi xUMU M SzlSz


M AlxU AS Mr ar W | uw 2012-13 M SUl oM
M mhMsM lSzM M mS uil uuUh lqlui W:

5.1 Remuneration to Directors is paid as per Government


of India guidelines. The details of salary paid to the
whole-time Directors of the Bank, during the year
2012-13 are as under.

lq u mSlq

Uz ((`)

Name & Designation

Ueu MzU So
Akr u mok lSzM

Shri R K Dubey
3,73,921.41

Chairman & Managing Director

qi Acl Lx pau
MrmsM lSzM

Executive Director

14,63,308.72

Shri Ashok Kumar Gupta


14,70,997.90

Executive Director

Lx Uql

14,70,997.90

Shri S Raman

Akr u mok lSzM


(30.09.2012 iM)

3,73,921.41

Smt Archana S Bhargava


14,63,308.72

AzM MqU ami


MrmsM lSzM

Amount (`)

Chairman & Managing Director


14,40,437.00

14,40,437.00

(upto 30.09.2012)

5.2 aU MrmsM lSzM M pUi xUMU U lkUi


oPM zsM M Asu Mx p mMU M mUqM Uz
lW S e UW W | xui lSzM M mS oPM zsM
mUz a q S aD W |
6) (1) zrU kUM / luzM zMri luUh xqi
xcMUh MUU M ZQ 49 M AlxU zrUkUM /
luzM zMri xqi M aPl Mr ar W| Cx xqi
U zrU M AiUh, zrU mqh m / kl umx
ASz / spz uUO mmi l Wl AS M xok q
zrUkUM / luzM M zMri M luUh M
Almuil Mr ei W|

97

5.2 Non- Executive Directors are not being paid any


other remuneration except Sitting Fees as fixed by
Government of India. The sitting fees paid to the
Independent Directors is given in the Appendix C.
6) (1) Shareholders/ Investors Grievances Committee:
The Shareholders/Investors Grievances Committee
has been constituted in terms of Clause 49 of the
Listing Agreement. The Committee monitors the
redressal of the Shareholders/Investors grievances
like transfer of shares, non-receipt of shares
certificate/refund order/dividend warrants, etc.

zrUkUM zMri xZrM


mmi zMri M xZr

Shareholders Grievances Statistics:


1616

Complaints Received

1616

Lx zMri elM xqkl x vrUkUM


xi lW WL

zlr

Complaints not solved to the satisfaction


of shareholders

Nil

soi zMri

zlr

Pending complaints

Nil

Emr zMri q x LM p zMri LM qWl x AkM


soi lW j |

None of the above complaints were pending for more


than a month.

xcMUh MUU M ZQ 47(L) M AlxU o laz oo,


Mml xcu oM M Almsl AkMU W |

In terms of Clause 47(a) of the Listing Agreement,


Shri B Nagesh Babu, Company Secretary is the Compliance
Officer of the Bank.

zrUkUM / luzM M zMri xqi M xSxr M


xqqh Lu oPM q ElM Emxji xok uuUh mUz
M ij Z q Sr ar W |

The Composition of members of Shareholders/Investors


Grievances Committee and details of attendance at the
meeting are given in appendix A & B.

(2) Alr xqir:

(2) Other Committees:


(a) Management Committee:

(M) mokl xqi:

The Management Committee of the Board is


constituted as per the clause 13 of the Nationalised
Banks (Management and Miscellaneous Provisions)
Scheme, 1970 (as amended). The Management
Committee exercises all the powers vested with
the Committee in respect of sanctioning of credit
proposals, compromise/ settlement of loans, writeoff proposals, approval of capital and revenue
expenditure, acquisition and hiring of premises,
filing of suits / appeals, investment, donations
and any other matter referred to or delegated to
the Committee by the Board.

oQ M mokl xqi UrMi oM (mokl u


uuk mukl) rel 1970 (rj xzki) M
mukl M AlxU aPi M aD W| mokl xqi
U xZ mxiu M qeU, Gh, o Zi sZl
M mxiu M xqfi / lmOl, me AU Uexu
urr M AlqSl, mUxU M AkaWh AU MUr
mU sl, uS / Ams M SrU MUl, luz, Sl
AU oQ M xqi M xSpi r mirrei Alr
qqs M xok q oQ U mS xp AkMU M
mra Mr ei W |

The composition of members of Management


Committee and the details of attendance at the
meetings are given in Appendix A & B.

mokl xqi M xSxr M xqqh Lu oPM q


ElM Emxji uuUh mUz M ij Z q Sr
ar W|

(b) Risk Management Committee:

(Z) eZq mokl xqi:


oM M AMU, eOsi M xiU, eZq mTCs
AU oM M mUcsl M urmi M Alm oM l
Eci eZq mokl lir mri M W|

The Bank has evolved suitable Risk Management


Policies consistent with the size of the Bank, level
of complexity, risk profile and scope of operations
of the Bank.

oM M sL LMMi eZq mokl mi Wi li


Lu Uhli mri MUl M sL oQ xiUr eZq
mokl xqi M aPl Mr ar W|

A Board Level Risk Management Committee


has been formed, with the responsibility of
devising policy and strategy for integrated Risk
Management System for the Bank.

98

cM eZq mokl mi M xqi SMh


M qkrq x Mrlui MUl W, il E xiUr
xqir Aji xZ eZq mokl xqi, oeU
eZq mokl xqi Lu mUcsliqM eZq
mokl xqi xjmi W e eZq mokl x
xoki xp xqlr eZq x muUi qqs M
xpsi W | Cl il xqir M Akr oM M
Akr u mok lSzM r MrmsM lSzM W ij
uU MrmsM U Cx qqs q ElM xWri M
ei W |

As the Risk Management system is required


to be implemented through a Committee
approach, three high level committees viz. Credit
Risk Management Committee, Market
Risk
Management Committee and Operational Risk
Management Committee are in place to deal with
the issues relating to Risk Management covering
all generic risks. The C&MD or ED of the Bank is the
Chairman for all the three Committees, assisted
by the Senior Level Executives of the Bank.

oQ M eZq mokl xqi M xSxr M xqqh


AU oPM q ElM Emxji M uuUh Alok M
ij Z q Sr ar W |

The composition of members of Risk


Management Committee of the Board and the
details of attendance at the meetings are given
in appendix A & B.

(a) Axi Sri mokl xqi:


pUir Ueu oM M lSz M AkU mU oM l
AiUM Axi Sri mokl xqi M aPl Mr W,
exM Akri oM M Akr u mok lSzM r
MrmsM lSzM U M ei W | xqi M Alr
xSxr q oM M uU MrmsM zqs Wi W|
Axi Sri mokl xqi M Mr M urmi
lqlMi W :
M) iUsi eZq mokl
Z) oeU eZq mokl
a) urmUM eZq mokl
b) lkrl Lu me Arel
X) sp Arel Lu uMx Arel
Axi Sri mokl xqi lus ore Ar mU Axi u
Sri Sl M ore SU q mUuil x Wlus mpu Lu
iUsi xji M oU q uxii m x ucU uqz MUi W|
7) xqlr oPM:
mNs il uwM xqlr oPM M uuUh lc
mxii W:
SlM

xqr

xjl

(c) Asset Liability Management Committee:


Based on RBI directives, the Bank has set up an
internal Asset Liability Management Committee
(ALCO) headed by C&MD or ED of the Bank. The
other members of the Committee include the
Senior Executives of the Bank.
The scope of ALCO functions is as follows:
A) Liquidity risk management
B) Management of market risk
C) Trading risk management
D) Funding and capital Planning
E) Profit Planning & Growth Planning
The ALCO deliberates in detail over the liquidity position
and the impact of changes in the interest rates of both
assets and liabilities on the Net- Interest Income.
7) General Body meetings:
The details of last three Annual General Meetings
held are furnished here below:
Date

Time

Venue

19.07.2010

10 mu

leri BQOUrq,
xOs Mse,
msx UQ, oasU- 560 001

19.07.2010

10 am

Jnanajyothi Auditorium,
Central College, Palace Road,
Bangalore 560 001

18.07.2011

cQrr qqUrs Ws, e Q


04 AmU mM LYxOzl, ursMus,
oasU- 560 003

18.07.2011

4 pm

Chowdaiah Memorial Hall,


G.D. Park Extension, Vyalikaval, Bangalore 560 003

28.06.2012

leri BQOUrq,
04 AmU xOs Mse,
msx UQ, oasU- 560 001

4 pm

Jnanajyothi Auditorium,
Central College, Palace Road,
Bangalore 560 001

28.06.2012

99

mNs Aq uwM oPM (Aji SlM 28.06.2012 M


Arei oM M Sxu Aq oPM) q MD uzw xMsm
lW UZ ar j ij QM qiSl p lW Mr ar |

No special resolution was put through in last Annual


General Meeting (ie., 10th AGM of the Bank held on
28.06.2012) and there were no postal ballot exercise.

Sxu xqlr oPM q Emxji lSzM M uuUh mUz


Z q Sr ar W |

Details of attendance of Directors at the 10th Annual


General Meeting are given in Appendix B.

8) mMOl:

8) Disclosures:

oM M xoki UmO x slSl rj 31.03.2013 M


islm M sZ mU Ommh Alxc 18 q mMO Mr
ar W |

The related party transactions of the Bank are


disclosed in the notes on accounts schedule 18 of the
Balance Sheet as on 31.03.2013.

oM l Aml zrU M xcMUh MUl M oS me


oeU x xoki xp qqs M Almsl Mr W |
ai il uw M SUl me oeU x xoki Mx p
qqs q xOM LYxce r xo Aju Mx p Alr
xukM mkMUr U oM mU l MD SQ sar ar
W AU l W MD miMs Ommh M aD W |

The Bank has complied with all matters related to


capital market since its listing of shares. There are
no penalties or strictures imposed on the Bank by
the stock exchanges or SEBI or any other statutory
authorities on any matter related to capital Markets,
during the last three years.
The Bank has complied with all the mandatory
requirements prescribed by Regulatory Authorities.

oM l Aml ulrqM mkMUr U lkUi xU


AkSziqM AmA M Almsl Mr W |

The extent of implementation of non-mandatory


requirements of clause 49 of the Listing Agreement,
are as under:

xcMUh MUU M ZQ 49 M aU-AkSziqM


AmA M Mrlurl lql WS iM Mr ar W:
qM

aU-AkSziqM
Am

Sl.
No.

Mrlurl M xji

Non Mandatory
Requirement

Status of
Implementation

1.

oQ
aU MrmsM
Akr, Akr M
Mrsr M xpsl
Wi AW Wa |

oM q mhMsM Akr
u mok lSzM W | sMl
SlM 01.10.2012 x
10.01.2013 iM M Auk
M SUl oM q Akr u
mok lSzM lW j |
oQ M aPl oMa Mml
(Emq M AkaWh ij
AiUh) Aklrq 1970 M
kU 9(3) M AlxU Mr
ar W | Ai: rW ZQ oM
M sL sa lW W|

1.

The Board
A non-executive
Chairman may
be entitled to
maintain a
Chairmans office.

The Bank is having a


whole time C&MD.
However for a duration
from 1.10.2012 to
10.01.2013 the bank was
not having a whole time
C&MD.
Board is Constituted
as per Section (9)(3) of
Banking Companies
(Acquisition and Transfer
of Undertaking) Act,
1970. Hence this clause is
not applicable for
the Bank.

2.

mUqM xqi

pUi xUMU M SzlSz


M AlxU mUqM xqi
aPi M aD W, exM
orU uwM UmO q Alr
Sr ar W |

2.

Remuneration
Committee

Remuneration committee
has been constituted as
per the guidelines of GOI,
as detailed elsewhere in
the Annual Report.

100

3.

zrU kUM M
AkMU

oM l uw M SUl
ML aL EssZlr
uMx x xoki
xU xm xWi
uwM ur mUhq
xU zrUkUM M
pe W |

3.

Shareholder
Rights

The Bank has sent


Annual financial
results along with the
summary of significant
developments during
the year, to all the
shareholders.

4.

sZ mU rarir

xukM sZmUM U
SlM 31.03.2012 M
xqmi uw M sL ElM
sZmU UmO q MD
rariL eU lW M W |

4.

Audit
qualifications

Statutory Auditors
have not issued any
qualifications in their
audit report for the year
ended 31.03.2012

5.

oQ M xSxr M
mzh

mii Lexr U
xcsi mzh Mrq
q milr MUl M eUL
oQ M xSxr M mzh
Ssr ei W | mirM
xSxr M ElM eqqSUr
AU AcU xWi xok
xUMU SzlSz M xjxj MUoU xok lql M
xqmh xq p mSl M
ei W |

5.

Training of Board
Members

The Board Members


are imparted training,
by deputing them for
training programmes
conducted by Reputed
Agencies. A complete
overview of Business
Model along with the
Government Guidelines
regarding their
responsibilities and code
of conduct is given to
each Member.

6.

oQ M aUMrmsM xSxr
M qsrMl mi

lSzM qQs M

6.

Mechanism for
evaluating nonexecutive Board
Members

Composition of Board of
Directors is regulated by
the Banking Companies
(Acquisition and
Transfer of Undertaking)
Act, 1970 and the
Nationalised Banks
(Management and
Miscellaneous Provisions)
Scheme, 1970. Hence this
clause is not applicable
for us.

7.

Whistle Blower
Policy

Bank has implemented


the GOI Guidelines on
Whistle Blower policy
and the protection has
been extended to the
Whistle Blower.

xqqh oMa Mml


(Emq M AkaWh ij
AiUh) Aklrq 1970
AU UrMi oM (mokl
Lu uuk mukl) rel
1970 M AlxU lrei
W, Ai: rW ZQ WqU sL
sa lW W |

7.

uWxs osAU
li

uWxs osAU li M
Mrlurl oM q pUi
xUMU M SzlSz M
AlxU Mr ar W AU
xcl Sl us M Eci
xU mSl M ei W|

101

9) xmwh M qkrq.:

9) Means of communication:

MlU oM, oM x xoki elMU qZrir oM


M uwM UmO M eUL Si W, exq MmUO
aullx mU lSzM qQs M UmO, lSzM M UmO,
sZmUi sZ, lMS muW uuUh AS zqs
W | zrUkUM M AZoU q mMzl, xOM LYxce
M xcl, mx umir Lu www.canarabank.com.
lqM uoxCO AS M eUL p elMU S ei
W | oM, Mrsrl xqcU umir / mxiiMUh p
uoxCO q mSzi MUi W |

Canara Bank provides information relating to Bank


through its Annual Report which contains Report
of the Board of Directors on Corporate Governance,
the Directors report, audited accounts, cash flow
statements, etc. The shareholders are also intimated
of its performances, through publication in news
papers, intimation to stock exchanges, press releases
and through website at www.canarabank.com.
The Bank also displays official News releases,
presentations in its website.

xcMUh MUU M ZQ 41 M AlxU ur mUhq


AU qsr q xuSlzsi xok Alr xclL xOM
LYxce M S ei W |

In terms of Clause 41 of the Listing Agreement,


Financial Results and other price sensitive
informations are furnished to Stock Exchanges.
Publication of Results:

mUhq M mMzl:
xqmi
iqW

mMzl M
iUZ

xqcU m
Sz pwL

Ur

Quarter
Ended

Date of
Publication

Newspaper
Vernacular

National

31.03.2012 11.05.2012

ESruh

oelx xOhQQ

31.03.2012 11.05.2012

Udayavani

30.06.2012 25.07.2012

ESruh

oelx
xOhQQ,
TClzrs
LYxmx, S
oelx sCl,
CMhqM
OCqx u sMqi
(WlS)

30.06.2012 25.07.2012

Udayavani Business
Standard,
Financial
Express,
The Business
Line, Economic
Times and
Lokmat (Hindi)

30.09.2012 07.11.2012

uer
MlOM

TClzrs
LYxmx, oelx
xOhQQ

30.09.2012 07.11.2012

Vijay
Karnataka

31.12.2012 09.02.2013

ESruh

oelx
xOhQQ,
oelx sCl,
TClzrs
LYxmx,
CMhqM
OCqx,
S WlS,
WlSxjl
OCqx u qlO

31.12.2012 09.02.2013

Udayavani Business
Standard,
Business Line,
Financial
Express,
Economic
Times,
The Hindu,
Hindusthan
Times and Mint

102

Business
Standard

Financial
Express and
Business
Standard

10) zrUkUM M xqlr xcl:

10) General Shareholders Information:

ur MshQU
ur uw

Financial Calendar
2012-2013

Financial year

2012-2013

oW oS Wl M iUZ

06.07.2013 -

Book closure Date

06.07.2013 -

(Sl Sl xWi)

22.07.2013

(Both days inclusive)

22.07.2013

mYx Tq mmi MUl M Aiq iUZ

17.07.2013

Last Date for receipt of proxy forms

17.07.2013

uwM Aq oPM M iUZ

22.07.2013

Date of Annual General Meeting

22.07.2013

spz pail M iUZ

22.07.2013

Dividend Payment Date

22.07.2013

spz uUO M mwh M


xpui iUZ

Probable date of dispatch of

29.07.2013

dividend warrants

29.07.2013

xOM LYxce q xcMUh :

Listing on Stock Exchanges :

lqlMi xOM LYxce q MlU oM M zrU M


xcMUh Mr ar W | xoki xOM LYxce M
xOM MO ElM lq M Aa Sr ar W |

Canara Bank shares are listed at the following


Stock Exchanges. Stock Codes of respective stock
exchanges are furnished against their names.

1 oqo xOM LYxce sqOQ

532483

1 Bombay Stock Exchange Ltd.

532483

2 lzls xOM LYxce BT CQr


sqOQ

CANBK

2 National Stock Exchange of India


Limited

CANBK

uw 2012-13 M sL xOM LYxce M uwM xcMUh


zsM M pail lkUi Sr ij M ASU Mr ar W |

103

Annual Listing fee to stock exchanges for the year 201213 have been paid within the prescribed due date.

oeU qsr AMQ


qW

uw

oqo xOM LYxce sqOQ


AkMiq

lrliq

(`)

zrU M
q

(`)

lzls xOM LYxce BT CQr s.


AkMiq

lrliq

(`)

(`)

zrU M
q

Ams

2012

489

420

7,39,587

489

419

96,77,450

qD

2012

442

356

13,93,819

443

366

1,52,65,584

el

2012

436

383

7,90,627

438

385

1,09,40,853

esD

2012

439

344

15,76,417

439

344

2,03,13,299

Aaxi

2012

370

306

11,44,755

371

306

1,37,51,288

xioU

2012

455

310

21,81,024

456

310

2,45,50,676

AoU

2012

454

350

11,99,187

454

390

1,45,75,447

luoU

2012

468

400

19,02,375

468

400

1,74,83,673

SxoU

2012

500

376

15,80,892

500

452

1,85,77,634

eluU

2013

550

465

22,30,752

533

462

2,03,56,826

TUuU

2013

490

408

15,99,643

486

408

1,56,16,122

qc

2013

444

356

13,14,019

442

356

1,45,89,898

Market Price Data


Month

Year

Bombay Stock Exchange Ltd.

National Stock Exchange of India Ltd.

High
(`)

Low
(`)

Volume
No.

High
(`)

Low
(`)

Volume
No.

April

2012

489

420

7,39,587

489

419

96,77,450

May

2012

442

356

13,93,819

443

366

1,52,65,584

June

2012

436

383

7,90,627

438

385

1,09,40,853

July

2012

439

344

15,76,417

439

344

2,03,13,299

August

2012

370

306

11,44,755

371

306

1,37,51,288

September

2012

455

310

21,81,024

456

310

2,45,50,676

October

2012

454

350

11,99,187

454

390

1,45,75,447

November

2012

468

400

19,02,375

468

400

1,74,83,673

December

2012

500

376

15,80,892

500

452

1,85,77,634

January

2013

550

465

22,30,752

533

462

2,03,56,826

February

2013

490

408

15,99,643

486

408

1,56,16,122

March

2013

444

356

13,14,019

442

356

1,45,89,898

104

Alr mMOl:
l:
xo l Aml mUm xADAU/xLTQ/QADLs/10/2010
SlM 16.12.2010 U DYuO sxOa MUU M ZhQ 5L
q xzkl Mr | xzkl M AlxU, xuelM r Mx
Alr Czr M mUhqxum piM m q eU Mr ar
zrU, e ASu UW ei W, M sL eUMi Mml U
Exq lkUi mr Amll W |

Other Disclosures:
The SEBI, vide its Circular CIR/CFD/DIL/10/2010, dated
16.12.2010, made amendments to Clause 5A of the
Equity Listing Agreement. As per the amendment, for
shares issued in physical form pursuant to a public issue
or any other issue, which remain unclaimed, the issuer
company has to follow the procedure prescribed therein

ZhQ 5 L: oM l 2002-03 M SUl ADmA eU MUM


luzM M `10/- AMi qsr M 41 MUQ DYuO zrU
piM AU upiM Sl m q eU Mr |

Clause 5 A - The Bank had gone for IPO during 200203 and issued 41 Crore Equity Shares of face value of
`10/- to the investors both under Physical mode and
Demat mode.

xcMUh MUU M ZQ 5L M AlxU, piM zrU M


qqs q ASu zrU eUMi oM U lmaU xWpa
M xj Zs aL Eci Zi q eq Mr el W | iSlxU
oM l MlU oM, Qm M, oasU q LM upiM (QqO)
Zi Zs W | iSxok elMU lqllxU W :

In terms of Clause 5A of the Listing Agreement, the


Unclaimed shares of the Bank in respect of Physical shares
shall be credited to a demat suspense account opened
by the issuer with one of the depository participants.
Accordingly, the Bank had opened a Demat Account with
Canara Bank, DP Cell, Bangalore. The details are as under :

Zi M lq: MlU oM - ASu Eci Zi - piM


zrU QmADQ ADQ / aWM mWcl xZr: 301356 /
20552606

Name of the Account: Canara Bank - Unclaimed Suspense


Account - Physical Shares DPID ID / Client ID Number:
301356 / 20552606

rj 31.03.2013 M zrU M sL 500 zrU us 1 zrU


mqhm W zrUkUM U ASu / mwh M sL soi
UW ar W |

As on 31.03.2013, there was only 1 share certificate of


500 shares which was unclaimed by the shareholders/
pending to be dispatched.

uuUh

Particulars

uw M zAi q

zrU
mqhm M
xZr

zrU
M
xZr

At the beginning of the year

4(ASu)

2200

ASu Eci Zi M AiUi


(EmrlxU)

1200

mWcl ML aL / Q AU O qqs

500

mWcl ML aL / mwi lW ML aL

500

Transferred to Unclaimed
Suspense Account (as stated
above)
Identified / DRT Case
Identified / not dispatched

urmM AkU xcMM M mi MrlwmSl / Performance in comparison to Broad Based Indices

105

No. of Share
Certificates
4
(Unclaimed)
2
1
1

No. of
Shares
2200
1200
500
500

106

UexOU u AiUh LeO


Mu MmrOUzrU mDuO sqOQ
rlO: MlU oM
msO x.17-24, us Uu laU
qkmU
WSUoS- 500 081

Registrar and transfer Agent

zrU AiUh mhs

Share Transfer System

(M) piM zrU:

(a) Physical Shares:


The Original Share Certificates along with
transfer deed should be forwarded to M/s Karvy
Computershare Pvt. Ltd., Hyderabad, the Registrar
and Share Transfer Agents of the Bank for transfer /
transmission of shares.

Karvy Computershare Pvt. Ltd.


Unit: Canara Bank
Plot No. 17-24, Vittal Rao Nagar
Madhapur
HYDERABAD 500 081

zrU M AiUh / mwh M sL AiUh usZ M xj


qs zrU mqhm, oM M UexOU u zrU AiUh
LeO qxx Mu MmrOUzrU mCuO sqOQ, WSUoS
M Aawi MUl cWL |
(Z) upiM m q zrU:
upiM m q zrU W i, ElM AiUi MUl M sL
xoki lmaU xWpa M xmSa AlSz Sl W |

Distribution of Shareholding
Category wise (31.03.2013)

zrU kUh M xuiUh


huU (31.03.2013)

# zrU M
xZr

pUi xUMU

300000000

67.72

oM u ur xxjL

37148110

8.39

qrcrAs TQ

22009299

4.97

MmUO lMr

8330143

1.88

Ll AU AD / A x o

362557

0.08

lux ur / Aup
WlS mUuU / lrx
AS

uSz xxjai
luzM

Ms

(b) Shares in Demat form:


In case the shares are in demat form, Delivery
Instructions are to be given to the concerned
Depository Participant (DP) for transfer of shares.

21202966

zrU kUh
M %

Sl Category
No.

4.78

53946925

12.18

443000000

100

Government of India

# No. of
shares
300000000

67.72

Banks & Financial


Institutions

37148110

8.39

Mutual Funds

22009299

4.97

Bodies Corporate

8330143

1.88

NRIs/OCBs

362557

0.08

Resident Individuals/
HUF /Trust etc.

21202966

4.78

Foreign Institutional
investors

53946925

12.18

TOTAL

443000000

100

# Nominal value of each share is `10/-

# mirM zrU M lqq qsr `10/- W

107

% of
shareholding

qsr uU: (31.03.2013)


zrU kUh M
lqq qsr (`)
5000 iM

zrUkUM M
xZr

zrU M xZr

109495

93.45

13289046

3.00

5001 x 10000

5867

5.01

4882601

1.10

10001 x 20000

861

0.74

1284718

0.29

20001 x 30000

189

0.16

485746

0.11

30001 x 40000

85

0.07

298935

0.07

40001 x 50000

99

0.08

433007

0.10

50001 x 100000

142

0.12

1059168

0.24

100001 u Exx
AkM

433

0.37

421266779

95.09

117171

100

443000000

100

Ms

Value wise: (31.03.2013)


Shareholding
Nominal Value (`)
Up to 5000

No. of
Shareholders

No. of Shares

109495

93.45

13289046

3.00

5001 to 10000

5867

5.01

4882601

1.10

10001 to 20000

861

0.74

1284718

0.29

20001 to 30000

189

0.16

485746

0.11

30001 to 40000

85

0.07

298935

0.07

40001 to 50000

99

0.08

433007

0.10

50001 to 100000

142

0.12

1059168

0.24

100001 and above

433

0.37

421266779

95.09

117171

100

443000000

100

TOTAL

108

zrU M
M upiMMUh AU lMS:

Dematerialisation of shares and liquidity:

oM M zrU M ZUS-TUZi Alurir upiMMi m


q W Mr ei W | Aml zrU M upiMMUh M sL oM
qxx lzls xYrUOe QmxOU sqOQ (LlLxQLs)
AU qxx xOs QmxOUx xuxe (CQr) sqOQ
(xLxQLs) M xj MUU q mu WA | oM zrU M sL
AoOi ADLxADLl ADLlD.476L01014 W | zrU M
upiMMUh ElM Axl lMSMUh xli MUi W |

The Banks shares are traded compulsorily in


dematerialized form only. The Bank has entered into
agreement with M/s National Securities Depository
Limited (NSDL) and M/s Central Depositories Services
(India) Limited (CDSL) for Dematerialisation of the
Banks shares. The ISIN allotted to the Banks shares is
INE476A01014. Dematerialisation of the shares ensures
easy liquidity.

oM M zrU M upiM m q W ZUS TUZi Wl M


MUh piM m q zrU M kUh MUlus zrUkUM
M Mx lmaU xWpa M mx upiM Zi ZsMU
zrU M upiM m q oSsl M sL xoki lmaU
xWpa M pel W e ElW Aa qxx Mu MmrOUzrU
mCuO sqOQ, WSUoS M pea, e oM M UexOU u
AiUh LeO W |

Since the shares of the Bank are traded in demat mode,


the shareholders holding shares in physical form, have
to open Demat Accounts with any of the Depository
Participant (DP) and surrender their original share
certificates to the concerned Depository Participant (DP)
for onward transmission to M/s Karvy Computershare
Private Limited, Hyderabad, the R & T Agents of the Bank,
for conversion of shares in demat form.

upiMMi / piM m x kUh (31.03.2013)

Demat / Physical Holding (31.03.2013)

zrUkUM
M xZr

piM

29467 25.15

CsYOlM-LlLxQLs
CsYOlM-xQLxLs
Ms

zrU M
xZr

Number of
Shareholders

Number of
Shares

Physical

29467 25.15

68472 58.44 132100184 29.82

Electronic-NSDL

68472 58.44 132100184 29.82

19232 16.41 304044410 68.63

Electronic-CDSL

19232 16.41 304044410 68.63

117171

6855406

100 443000000

1.55

100

TOTAL

117171

6855406

100 443000000

1.55

100

eQAU / LQAU / uUO r MD mUuilr sZi oMr


lW W |

There are no outstanding GDRs / ADRs / Warrants or any


convertible instruments.

mcU M mi

Address for Correspondence

MlU oM
xcur mpa
Akr u mok lSzM M xcusr
mkl Mrsr, 112, e x UQ
oasU- 560 002
D-qs mi: hosecretarial@canarabank.com

CANARA BANK
SECRETARIAL DEPARTMENT
C & MDS SECRETARIAT
HEAD OFFICE, 112 J C ROAD
BANGALORE - 560 002
EMAIL ID: hosecretarial@canarabank.com

109

mUz M
i.

lSzM qQs M xqqh (31.03.2013)


x

lq

mMU

MrMs

Alr oQ q xSxri

A u m l

11.01.2013-30.09.2014

1.

Ueu MzU So

2.

qi Acl Lx pau

M l

01.04.2011-28.02.2015*

3.

AzM MqU ami

M l

28.07.2011-31.10.2014

4.

qi xk Mwhl

p x

16.11.2012 M lqi

5.

qi ql WqcS

p U o

13.10.2011 M lqi

zlr

6.

e u xozu Uu

Mq l

21.10.2011-20.10.2014

zlr

7.

e u qhqUl

A l

14.12.2010-13.12.2013

zlr

8.

ZsS sMql osaq

aU M l

22.06.2010-21.06.2013

9.

xil xlW

aU M l

17.10.2011-16.10.2014

zlr

10.

m u qrr

z l

27.07.2010-26.07.2013

11.

xls ami

z l

27.07.2010-26.07.2013

TYPE

TERM OF OFFICE

MEMBERSHIP OF
OTHER BOARDS

C&MD

11.01.2013-30.09.2014

*22.04.2013 iM

Appendix A
i.

COMPOSITION OF BOARD OF DIRECTORS (31.03.2013)


Sl No.

NAME

1.

SHRI R K DUBEY

2.

SMT ARCHANA S BHARGAVA

ED

01.04.2011-28.02.2015*

3.

SHRI ASHOK KUMAR GUPTA

ED

28.07.2011-31.10.2014

4.

SMT SUDHA KRISHNAN

GOI

Nominated on 16.11.2012

5.

SMT MEENA HEMCHANDRA

RBI

Nominated on 13.10.2011

Nil

6.

SHRI G V SAMBASIVA RAO

WD

21.10.2011-20.10.2014

Nil

7.

SHRI G V MANIMARAN

OD

14.12.2010-13.12.2013

Nil

8.

SHRI KHALID LUQMAN BILGRAMI

NED

22.06.2010-21.06.2013

9.

SHRI SUTANU SINHA

NED

17.10.2011-16.10.2014

Nil

10.

SHRI P V MAIYA

SD

27.07.2010-26.07.2013

11.

SHRI SUNIL GUPTA

SD

27.07.2010-26.07.2013

*till 22.04.2013

110

ii. 2012-13 M SUl MrMs xqmi lSzM M orU

1.

Lx Uql

A. u m.l.

01.09.2010-30.09.2012

s.l.

2.

Q jqx qjr

p x

29.10.2010-15.11.2012

s.l.

ii. PARTICULARS OF DIRECTORS WHOSE TERM HAS ENDED DURING 2012-2013

1.

SHRI S RAMAN

C&MD

01.09.2010-30.09.2012

N.A.

2.

DR. THOMAS MATHEW

GOI

29.10.2010-15.11.2012

N.A.

xMi / KEY
A u m l / C&MD

Akr u mok lSzM / Chairman & Managing Director

M l / ED

MrmsM lSzM / Executive Director

p x / GOI

pUi xUMU lSzM / Government of India

p U o / RBI

pUir Ueu oM lSzM / Reserve Bank of India

A l / OD

AkMU lSzM / Officer Director

aU Ml / NED

aU-MrmsM lSzM / Non-Executive Director

z l / SD

zrUkUM lSzM / Shareholder Director

Mq. l / WD

MqaU lSzM / Workmen Director

s l / NA

sa lW / Not Applicable

111

iii. oQ M xqir M xqqh / iii. COMPOSITION OF COMMITTEES OF THE BOARD

xqi / COMMITTEE

Akr/ CHAIRMAN

xSxr / MEMBERS

mokl xqi

Ueu MzU So

qi Acl Lx pau* / Smt Archana S Bhargava*

Management

Shri R K Dubey

AzM MqU ami / Shri Ashok Kumar Gupta


qi ql WqcS / Smt Meena Hemchandra

Committee

e u xozu Uu / Shri G V Sambasiva Rao


ZsS sMql osaq / Shri Khalid Luqman Bilgrami
m u qrr / Shri P V Maiya
xls ami / Shri Sunil Gupta
eZq mokl xqi

Ueu MzU So

qi Acl Lx pau* / Smt Archana S Bhargava*

Risk Management

Shri R K Dubey

AzM MqU ami / Shri Ashok Kumar Gupta


e u xozuUu / Shri G V Sambasiva Rao

Committee

xil xlW / Shri Sutanu Sinha


xls ami / Shri Sunil Gupta
sZ mU xqi

ZsS sMql

qi Acl Lx pau* / Smt Archana S Bhargava*

Audit Committee

osaq

AzM MqU ami / Shri Ashok Kumar Gupta

Shri Khalid

qi xk Mwhl / Smt Sudha Krishnan

Luqman Bilgrami

qi ql WqcS / Smt Meena Hemchandra


xil xlW / Shri Sutanu Sinha

zrUkUM / luzM

m u qrr

qi Acl Lx pau* / Smt Archana S Bhargava*

M zMri xqi

Shri P V Maiya

AzM MqU ami / Shri Ashok Kumar Gupta


e u qhqUl / Shri G V Manimaran

Shareholders/Investors
Grievances Committee
mUqM xqi

qi xk Mwhl

qi ql WqcS / Smt Meena Hemchandra

Remuneration

Smt Sudha

xil xlW / Shri Sutanu Sinha

Committee

Krishnan

m u qrr / Shri P V Maiya

*22.04.2013 iM / till 22.4.2013

112

mUz Z

lSzM M Emxji M orU

lq

oQ oPM

mokl
xqi
oPM

sZ
mU
oPM

Emxji/
Arei

Emxji/
Arei

Emxji/
Arei

Emxji/
Arei

Emxji/
Arei

1. Ueu MzU So

3/3

5/5

--

--

--

--

zlr

2. qi Acl Lx pau*

9/13

11/17

7/11

2/3

2/5

130

3. AzM MqU ami

13/13

17/17

11/11

5/5

zlr

4/5

--

0/3

--

--

zlr

4. qi xk Mwhl

Lx.AD.e
eZq
mNs
kUi
x.
mokl xqi uwM zrU M
oPM
oPM
Aq oPM xZr

3/3
--

5. qi ql WqcS

11/13

11/17

9/11

--

--

zlr

6. e u xozu Uu

12/13

6/7

--

1/2

3/3

zlr

7. e u qhqUl

13/13

10/10

--

1/1

2/2

50

8. ZsS sZql osaq

9/13

12/17

10/11

--

2/2

200

9. xil xlW

12/13

13/14

5/5

--

1/1

zlr

10. m u qrr

11/13

4/6

--

1/1

2/4

200

11. xls ami

12/13

11/12

9/9

2/2

2/3

500

*22.04.2013 iM
uw 2012-2013 M SUl MrMs xqmi lSzM M Emxji M orU
1. Lx Uql

7/7

7/7

--

--

3/3

zlr

2. Q jqx qjr

0/8

--

0/8

--

--

zlr

28.06.12
25.08.12
23.03.13

25.04.12
28.06.12
24.09.12
19.11.12
23.03.13

28.06.12

up oPM M iUZ
25.04.12
10.05.12
23.05.12
20.06.12
24.07.12
10.09.12
29.09.12
06.11.12
03.12.12
01.02.13
08.02.13
27.02.13
23.03.13

25.04.12
23.05.12
20.06.12
23.07.12
24.08.12
24.09.12
29.09.12
25.10.12
06.11.12
04.12.12
17.12.12
28.12.12
16.01.13
15.02.13
27.02.13
15.03.13
23.03.13

03.04.12
09.05.12
23.05.12
31.05.12
23.07.12
24.08.12
24.09.12
05.11.12
16.01.13
31.01.13
07.02.13

Me: Lx AD e x: zrUkUM / luzM mUuS xqi M oPM


s l: sa lW

113

Appendix B
DETAILS OF ATTENDANCE OF DIRECTORS
SL. NAME
NO.

BOARD
MEETING

1. SHRI R K DUBEY
2. SMT ARCHANA S
BHARGAVA*
3. SHRI ASHOK KUMAR GUPTA
4. SMT SUDHA KRISHNAN
5. SMT MEENA HEMCHANDRA
6. SHRI G V SAMBASIVA RAO
7. SHRI G V MANIMARAN
8. SHRI KHALID LUQMAN
BILGRAMI
9. SHRI SUTANU SINHA
10. SHRI P V MAIYA
11. SHRI SUNIL GUPTA

Attended/
Held
3/3
9/13

MANAGEAUDIT
SIGC
RISK MANLAST
NO. OF
MENT
COMMITTEE MEETING AGEMENT
ANNUAL SHARES
COMMITTEE
MEETING
COMMITTEE GENERAL HELD
MEETING
MEETING
MEETING
Attended /
Attended / Attended / Attended /
Held
Held
Held
Held
5/5
----Nil
11/17
7/11
2/3
2/5
130

Nil
Nil
Nil
Nil
50
200

13/13
4/5
11/13
12/13
13/13
9/13

17/17
-11/17
6/7
10/10
12/17

11/11
0/3
9/11
--10/11

3/3
--1/2
1/1
--

5/5
--3/3
2/2
2/2

12/13
11/13
12/13

13/14
4/6
11/12

5/5
-9/9

-1/1
2/2

1/1
2/4
2/3

Nil
200
500

-X
X

*till 22.04.2013
DETAILS OF ATTENDANCE OF DIRECTORS WHOSE TERM HAS ENDED DURING 2012-2013
1. SHRI S RAMAN

7/7

7/7

--

--

3/3

Nil

2. DR THOMAS MATHEW

0/8

--

0/8

--

--

Nil

28.06.12
25.08.12
23.03.13

25.04.12
28.06.12
24.09.12
19.11.12
23.03.13

28.06.12

DATES OF VARIOUS MEETINGS


25.04.12
10.05.12
23.05.12
20.06.12
24.07.12
10.09.12
29.09.12
06.11.12
03.12.12
01.02.13
08.02.13
27.02.13
23.03.13

25.04.12
23.05.12
20.06.12
23.07.12
24.08.12
24.09.12
29.09.12
25.10.12
06.11.12
04.12.12
17.12.12
28.12.12
16.01.13
15.02.13
27.02.13
15.03.13
23.03.13

03.04.12
09.05.12
23.05.12
31.05.12
23.07.12
24.08.12
24.09.12
05.11.12
16.01.13
31.01.13
07.02.13

KEY: SIGC: Shareholders/ Investors Grievances Committee Meeting.


NA: Not Applicable

114

mUz a
uw 2012-13 M sL lSzM M mS Emxji zsM
x

mS Emxji zsM

lSzM M lq

(`)

e u xozu Uu

2,15,000

e u qhqUl

2,25,000

ZsS sMql osaq

2,15,000

xil xlW

2,80,000

m u qrr

1,65,000

xls ami

2,60,000

Appendix C
SITTING FEES PAID TO DIRECTORS FOR THE YEAR 2012-13
Sl. No.

Sitting Fees paid


(`)

Name of the Director

Shri G.V. Sambasiva Rao

2,15,000

Shri G.V. Manimaran

2,25,000

Shri Khalid Luqman Bilgrami

2,15,000

Shri Sutanu Sinha

2,80,000

Shri P. V. Maiya

1,65,000

Shri Sunil Gupta

2,60,000

115

Akr u mok lSzM M bwh


oM M lSzM qQs Lu uU mokl MqM l 31.03.2013 M xqmi uw

M sL oM M AcUh xWi M Almsl MUl M m M W |

xjl : oasU
SlM : 07 qD, 2013

Akr u mok lSzM

116

DECLARATION BY C & MD
The Board of Directors and the Senior Management Personnel of the Bank
have affirmed confirming to the Code of Conduct of the Bank for the year
ended 31.03.2013.

Place : Bangalore
Date : 7th May, 2013

Chairman & Managing Director

117

MmUO aullx xok sZ mUM M


mqhm

AUDITORS CERTIFICATE ON CORPORATE


GOVERNANCE

xu q,

To,

MlU oM M xSxr

The Members of Canara Bank

Wql MlU oM U 31 qc 2013 M xqmi uw M sL


MmUO xcsl M zi M Almsl M mUh Mr W,
exM xOM LYxce M xj Mji oM M xcMUh
MUU M ZQ 49 q lkUi W|

We have examined the compliance of conditions of


Corporate Governance by CANARA BANK for the year
ended 31st March, 2013 as stipulated in Clause 49 of
the Listing Agreement with the Stock Exchanges.

MmUO aullx M zi M Almsl mokl M eqqSU


W| WqU mUh MmUO aullx M zi M Almsl
xli MUl M sL oM U Amlr ar rukr
u ElM Mrlurl iM xqi j| rW l i oM M ur
uuUh M sZ mU W AU l W Ex mU Apqi M
Apur W|

The compliance of conditions of Corporate Governance is


the responsibility of the Management. Our examination
was limited to procedures and implementation thereof,
adopted by the Bank for ensuring the compliance of
conditions of the Corporate Governance. It is neither
an audit nor an expression of opinion on the financial
statements of the Bank.

oM U AlUi UMQ u msZ ij Wq mSl M


aD xcl u xmMUh M AkU mU, WqU Ur q, xOM
LYxce M xj ML aL FmU EssZi xcMUh MUU
q lkUi MmUO aullx M zi M oM l Almsl
Mr W ij pUir Ueu oM M SzlSz M Essbl
lW Mr W |

On the basis of the records and documents maintained


by the Bank and the information and explanations given
to us, in our opinion, the Bank has complied with the
conditions of Corporate Governance as stipulated in the
above mentioned Listing Agreement to the extent these
do not violate RBI guidelines.

Wq bwi MUi W M zrUkUM u lSzM zMri luUh


xqi U UZ aL UMQ M AlxU oM M ZsT LM
qWl x AkM Auk M sL MD p luzM zMri
soi lW W|

We state that no investor grievance is pending for a


period exceeding one month against the Bank as per the
records maintained by the Shareholders and Investors
Grievance Committee.

Wq Aa rW p bwi MUi W M Lx Almsl oM M


pu uruWri M xok q l MD Axl W AU l W uW
oM M Mr Mzsi r mpuzsi M oU q Axl W
exM xj mokl i l oM M MUoU csr W|

We further state that such compliance is neither an


assurance as to the future viability of the Bank nor the
efficiency or effectiveness with which the Management
has conducted the affairs of the Bank.

Mi Lx m cmQ LQ Mml
xlS sZMU

oasU
01.05.2013

xeu ami
xfSU
Lq. l. 83364
LT AU Ll l. 00365Ll

For S.P.Chopra & Co.,


Chartered Accountants

Bangalore
Date: 01.05.2013

118

Sanjiv Gupta
Partner
M.No.83364
FRN No.00365N

MlU oM M isl m, sp u Wl sZ
ij lMS muW uuUh
2012-2013

119

BALANCE SHEET, PROFIT & LOSS ACCOUNT


AND CASH FLOW STATEMENT OF CANARA BANK
2012-2013

120

xui sZ mUM M UmO

Independent Auditors Report

xu q,
pUi M Umi

To
The President of India

ur uuUh mU UmO
1. Wql rj 31 qc 2013 M MlU oM M xsal u
uuUh M sZ mU M W elq rj 31 qc
2013 M isl m, io xqmi uw M sp-Wl sZ
AU lMS muW uuUh, qWiumh sZMl lir
ij Alr xmMUh elMUr zqs W | Cl u
uuUh q WqU U sZ mUi 20 zZA M,
zZ sZ mUM U sZ mUi 1875 zZA
M AU xjlr sZ mUM U sZ mUi
4 uSz zZA M uuUhr zqs M aD W |
WqU U AU Alr sZ mUM U sZ mUi
zZr pUir Ueu oM U lai qalSz M
qioM oM U crli M aD W | Cxq sZ mU
lW M aD 1698 zZA M uuUhr p zqs
M W | sZmU lW M aD zZr 5.85% Aaq,
18.40% eq, 4.65% ore Ar AU 15.87% ore
aPi MUi W |
ur uuUh M sL mokl i M EUSriu:
2. oMa ulrq Aklrq, 1949 M AlxU Cl ur
uuUh M irU MUl M sL mokl i EUSD
W | Cx EUSriu q kZkQ M MUh W r O M
MUh, uximUM AmMjl x q ur uuUh M
irU MUl M sL xo AiUM lrh, m-x
AU Mrlurl p xqWi Wi W |
sZ mUM M EUSriu:
3. WqU sZ mU M AkU mU Cl ur uuUh mU
ucU ur MUl WqU EUSriu W | Wql pUir
xlS sZMU xxjl U lai sZ mU qlM M
AlxU sZ mU Arei M | r qlM rW Am
MUi W M Wq liM AmA M Almsl MUi WL,
relo iUM x sZ mU Arei MU iM u
uuUh M mUmr q xai Axl mmi W xM M
u uximUM AmMjl q W |

121

Report on the Financial Statements


1. We have audited the accompanying financial
statements of Canara Bank as at 31st March 2013,
which comprise the Balance Sheet as at 31st March
2013 and Profit & Loss Account and the Cash Flow
Statement for the year then ended, a summary of
significant Accounting Policies and other explanatory
information. Incorporated in these financial
statements are the returns of 20 branches audited
by us, 1875 branches audited by Branch Auditors
and 4 foreign branches audited by local auditors.
The Branches audited by us and those audited by
other auditors have been selected by the Bank in
accordance with the guidelines issued to the bank
by the Reserve Bank of India. Also incorporated in
the Balance Sheet and the statement of Profit & Loss
Account are the returns from 1698 Branches, which
have not been subjected to audit. These unaudited
branches account for 5.85 percent of advances, 18.40
percent of deposits, 4.65 percent of interest income
and 15.87 percent of interest expenses.
Managements responsibility for the Financial Statements
2. Management is responsible for the preparation of
these financial statements in accordance with the
Banking Regulation Act, 1949. This responsibility
includes the design, implementation and
maintenance of internal control relevant to the
preparation of the financial statements that are free
from material misstatements, whether due to fraud
or error.
Auditors Responsibility
3. Our responsibility is to express an opinion on
these Financial Statements based on our audit.
We conducted our audit in accordance with the
Standards on auditing issued by the Institute of
Chartered Accountants of India. Those Standards
require that we comply with the ethical requirements
and plan and perform the audit to obtain reasonable
assurance about whether the financial statements
are free from material misstatements.

4. sZ mU q ur uuUh q Uzr AU mMOl M


oU q sZ mU xr mmi MUl M mrr Amll
Wi W | cl aD mrr sZ mUM M lrr-lhr
mU lpU MUi W exq kZ-kQ M MUh W r O
M ur uuUh q uximUM AmMjl M ere sl
M eZq p UWi W | Cl eZq M ere sl q
mUxjir M AlMs sZ mU mrr AiUM
lrh M krl q UZi W | sZ mU q mr sZ
lir M xqcii mokl i U Mr ar sZ
Alql M Acir M xj-xj u uuUh M xqc
mxiiMUh M qsrMl Mr el p zqs Wi W |
5. sZ mU mU WqU ucU ur MUl M sL Wql e
xr LMi Mr W uW mrmi AU xqci W - rW
WqU ux W |
WqU ucU
uc
6. WqU ucU W, ex oM oWr q SZD Si W
AU WqU elMU ij Wq Sr ar xmMUh M
AlxU :(i) sZ lir AU El mU M aD Ommhr M xj
mPi isl m xmh AU xai isl m W exq
xU AuzrM uuUh xW iUM x irU Mr ar
W iM pUi q xqlrir xuMr sZ-xi
M AlxU rj 31 qc 2013 M oM M uruWU
M xW AU Eci c Szr e xM;

4. An audit involves performing procedures to obtain


audit evidence about the amounts and disclosures
in the financial statements. The procedures selected
depend on the auditors judgment, including the
assessment of the risks of material misstatement
of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor
considers internal control relevant to the banks
preparation and fair presentation of the financial
statements in order to design audit procedures
that are appropriate in the circumstances. An audit
also includes evaluating the appropriateness of
accounting policies used and the reasonableness of
the accounting estimates made by the management,
as well as evaluating the overall presentation of the
financial statements.
5. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion
6. In our opinion, as shown by the books of the bank,
and to the best of our information and according to
the explanations given to us:
(i) the Balance Sheet read with the notes thereon
is a full and fair balance sheet containing all
the necessary particulars, is properly drawn up
so as to exhibit a true and fair view of the state
of affairs of the Bank as at March 31, 2013,
in conformity with the accounting principles
generally accepted in India;

(ii) sZ lir AU El mU M aD Ommhr M xj


mPi sp Wl sZ, ExM U muUi uw M
sL pUi q xqlrir xuMr sZ-xi M
AlxU sp M xW xisl Szi W |

(ii) the Profit & Loss Account read with the notes
thereon shows a true balance of profit, in
conformity with the accounting principles
generally accepted in India, for the year covered
by the account; and

(iii) lMS muW uuUh Ex iUZ M xqmi uw M sL

(iii) the Cash Flow Statement gives a true and fair view
of the cash flows for the year ended on that date.

lMS muW M xW AU Eci c Szi W |

Alr ukM u ulrqM Amr


7. isl m AU sp u Wl sZ qz: oMa ulrq
Aklrq, 1949 M ixU Alxc M mm M u Z
q irU Mr ar W |

Report on Other Legal and Regulatory Requirements


7. The Balance Sheet and the Profit & Loss Account have
been drawn up in Forms A and B respectively of the
Third Schedule to the Banking Regulations Act, 1949.

8. Emr 1 x 5 iM M mUcNS q xci sZ mU


xqA M Akl AU oMa Mmlr (Emq M
AkaWh u AiUh) Aklrq 1970 U Ami
AlxU AU Exq Ami mMOl M xqA M
Akl p Wq UmO MUi W M :

8. Subject to the limitations of the audit indicated in


paragraph 1 to 5 above and as required by the Banking
Companies (Acquisition and Transfer of Undertakings)
Act, 1970 and subject also to the limitations of
disclosure required therein, we report that:

122

M. Wql Aml sZ mU Mr M sL AuzrM xU


elMU AU xmMUh mmi Mr W e WqU
elMU AU ux M qioM Aml sZ mU
Mr M sL AuzrM W AU Wql ElW xiwelM
mr W |
Z. oM M xuruWU e WqU elMU q Ar W,
ExM AkMU M Aiai W W |
a. WqU sZ mU M sL oM M Mrsr AU
zZA x mmi uuUhr mrmi mD aD W |
9. isl m, sp-Wl sZ AU lMS muW uuUh
mcsi sZ qlM M Almsl MUi W - rW WqU
ucU W |

a. We have obtained all the information and


explanations, which to the best of our knowledge
and belief were necessary for the purposes of our
audit and have found them to be satisfactory.
b. The transactions of the Bank, which have come
to our notice, have been within the powers of the
Bank.
c.

The returns received from the Offices and


Branches of the Bank have been found adequate
for the purposes of our audit.

9. In our opinion, the Balance Sheet, Profit & Loss


Account and Cash Flow Statement comply with the
applicable Accounting Standards.

Mi Lc M ckU LhQ M
xlS sZMU
T m x. 006154Ll

Mi uMOcsq ArrU LhQ M


xlS sZMU
T m x. 004610Lx

For H K Chaudhry & Co.


Chartered Accountants
Firm Registration No. 006154N

For K. Venkatachalam Iyer & Co.


Chartered Accountants
Firm Registration No. 004610S

Q Ll pau
xfSU
x x. 010005

L amsMwhl
xfSU
x x. 018159

D N Bhargava
Partner
Membership No. 010005

A Gopalakrishnan
Partner
Membership No. 018159

Mi Lx m cmQ LhQ M
xlS sZMU
T m x. 000346Ll

Mi sMU LhQ M
xlS sZMU
T m x. 000172Qosr

For S. P. Chopra & Co.


Chartered Accountants
Firm Registration No. 000346N

For Loonker & Co.


Chartered Accountants
Firm Registration No.000172W

xeu ami
xfSU
x x. 083364

Lx x sMU
xfSU
x x. 010135

Sanjiv Gupta
Partner
Membership No. 083364

S C Loonker
Partner
Membership No.010135

Mi m cmQ LhQ M
xlS sZMU
T m x. 004957Ll

Mi L AU Sx LhQ LxxLOx
xlS sZMU
T m x. 306109D

For P. Chopra & Co.


Chartered Accountants
Firm Registration No.004957N

For A. R. Das & Associates


Chartered Accountants
Firm Registration No.306109E

mSm MqU cmQ


xfSU
x x. 082598

zrqs MqU lrM


xfSU
x x. 051353

Pradeep Kumar Chopra


Partner
Membership No.082598

Syamal Kumar Nayak


Partner
Membership No.051353

oasU
02 qD, 2013

Bangalore
May 02, 2013

123

rj 31 qc, 2013 M isl m

BALANCE SHEET AS AT 31ST MARCH 2013


Schedule

Alxc

rj 31.03.2013
As at 31.03.2013
(` 000)

rj 31.03.2012
As at 31.03.2012
(` 000)

1
2
3
4
5

443 00 00
24434 78 89
355855 99 13
20283 37 38
11325 45 46

443 00 00
22246 95 56
327053 72 71
15525 39 16
8891 11 84

412342 60 86

374160 19 27

15405 93 03

17795 13 57

7
8
9
10
11

19308 77 23
121132 83 03
242176 62 46
2862 71 84
11455 73 27

10384 26 51
102057 42 82
232489 81 85
2857 53 68
8576 00 84

412342 60 86

374160 19 27

249707 54 69
13997 78 94

192871 24 75
12496 51 17

me AU SriL / CAPITAL AND LIABILITIES


me / CAPITAL
AUi lkr AU Akzw / RESERVES AND SURPLUS
eq / DEPOSITS
EkU / BORROWINGS
Alr SriL ij mukl /OTHER LIABILITIES AND PROVISIONS
eQ / TOTAL
Axir / ASSETS
pUir Ueu oM q lMS AU zw

CASH & BALANCES WITH RESERVE BANK OF INDIA

oM q zw AU qa ij Asm xcl mU kl

BALANCES WITH BANKS AND MONEY AT CALL


AND SHORT NOTICE
luz / INVESTMENTS
Aaq / ADVANCES
xjU Axir / FIXED ASSETS
Alr Axir / OTHER ASSETS

eQ / TOTAL
AMxqM SriL / CONTINGENT LIABILITIES
uxs M sL os / BILLS FOR COLLECTION
sZMl lir / ACCOUNTING POLICIES
sZ xok Ommhr / NOTES ON ACCOUNTS

12
17
18

u xMqU
qQs mokM

Ll xuzMUl
Em qW mokM

M qhq
qW mokM

u Lx Mwh MqU
MrmsM lSzM

AzM MqU ami


MrmsM lSzM

Ueu MzU So
Akr u mok lSzM

xk Mwhl
lSzM

ql WqcS
lSzM

e u qhqUl
lSzM

e u xozu Uu
lSzM

ZsS sMql osaq


lSzM

xil xlW
lSzM

xls ami
lSzM

xqxZrM ij M WqU UmO M AlxU


Mi
Lc M ckU LhQ M
xlS sZMU

Mi
uMOcsq ArrU LhQ M
xlS sZMU

Mi
Lx m c
cmQ LhQ M
xlS sZMU

Mi
sMU LhQ M
xlS sZMU

Mi
m cmQ LhQ M
xlS sZMU

Mi
L AU Sx LhQ LxxLOx
xlS sZMU

Q Ll pau
xfSU

L amsMwhl
xfSU

xeu ami
xfSU

Lx x sMU
xfSU

mSm MqU cmQ


xfSU

zrqs MqU lrM


xfSU

oasU
02 qD, 2013

124

rj 31 qc, 2013 M xqmi uw M sp u Wl Zi

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2013
Alxc

Schedule

I.

Ar / I. INCOME
Aei ore / INTEREST EARNED
Alr Ar / OTHER INCOME
eQ / TOTAL

II. urr / II. EXPENDITURE


urr Mr ar ore / INTEREST EXPENDED
mUcsl urr / OPERATING EXPENSES

mukl AU AMxqM urr /

rj 31.03.2012
M xqmi uw

For the Year ended


31.03.2013
(` 000)

For the Year ended


31.03.2012
(` 000)

13
14

34077 93 50
3153 00 78
37230 94 28

30850 62 15
2927 59 65
33778 21 80

15
16

26198 94 33
5141 98 99

23161 31 16
4673 74 34

3017 90 67
34358 83 99
2872 10 29

2660 45 00
30495 50 50
3282 71 30

720 00 00
43 06 84
205 00 00
530 03 45
700 00 00
576 00 00
98 00 00
2872 10 29

825 00 00
5 15 00
-1185 26 30
700 00 00
487 30 00
80 00 00
3282 71 30

64.83

74.10

PROVISIONS AND CONTINGENCIES


eQ / TOTAL
III. uw M lus sp / III. NET PROFIT FOR THE YEAR
IV. ulrel / APPROPRIATIONS
lqlMi M AiUh / TRANSFERS TO
xukM AUi lkr / STATUTORY RESERVE
me AUi lkr / CAPITAL RESERVE
luz AUi lk Zi / INVESTMENT RESERVE ACCOUNT
Uexu AUi lk / REVENUE RESERVE
uzw AUi lkr / SPECIAL RESERVE
mxiui spz / PROPOSED DIVIDEND
spz MU / DIVIDEND TAX
eQ / TOTAL
sZMl lir / ACCOUNTING POLICIES
sZ xok Ommhr / NOTES ON ACCOUNTS
mi zrU Ael (qs u ilMi) / EARNINGS PER SHARE (SHARE
BASIC AND DILUTED) (` q / in `)

rj 31.03.2013
M xqmi uw

17
18

V SUKUMAR
DIVISIONAL MANAGER

N SIVASANKARAN
DEPUTY GENERAL MANAGER

K MANICKAM
GENERAL MANAGER

V S KRISHNAKUMAR
EXECUTIVE DIRECTOR

ASHOK KUMAR GUPTA


EXECUTIVE DIRECTOR

R K DUBEY
CHAIRMAN & MANAGING
DIRECTOR

SUDHA KRISHNAN
DIRECTOR

MEENA HEMCHANDRA
DIRECTOR

G V SAMBASIVA RAO
DIRECTOR

G V MANIMARAN
DIRECTOR

KHALID LUQMAN BILGRAMI


DIRECTOR

SUTANU SINHA
DIRECTOR

SUNIL GUPTA
DIRECTOR

AS PER OUR REPORT OF EVEN DATE


For
For
For
For
H K CHAUDHRY & Co. K VENKATACHALAM AIYER & Co. S P CHOPRA & Co.
LOONKER & Co.
Chartered Accountants
Chartered Accountants
Chartered Accountants Chartered Accountants
D N BHARGAVA
Partner

A GOPALAKRISHNAN
Partner

SANJIV GUPTA
Partner

BANGALORE
MAY 02,2013

125

S C LOONKER
Partner

For
P CHOPRA & Co.
Chartered Accountants

For
A R DAS & ASSOCIATES
Chartered Accountants

PRADEEP KUMAR CHOPRA


Partner

SYAMAL KUMAR NAYAK


Partner

rj 31 qc, 2013 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2013


rj 31.03.2013 M rj 31.03.2012 M
Alxc 1 - me / SCHEDULE 1 - CAPITAL
mkMi me / AUTHORISED CAPITAL
(mi zrU `10/ M 300,00,00,000 DYuO zrU /
(300,00,00,000 EQUITY SHARES OF `10/- EACH)
II. laqi, ApS AU mS / ISSUED, SUBSCRIBED AND PAID UP:
i) MS xUMU U kUi mi zrU `10/- M 30,00,00,000 DYuO zrU
i) 30,00,00,000 EQUITY SHARES OF `10/- EACH HELD BY CENTRAL GOVERNMENT
ii) Alr U kUi mi zrU `h10/- M 14,30,00,000 DYuO zrU
ii) 14,30,00,000 EQUITY SHARES OF `10/- EACH HELD BY OTHERS

I.

Alxc 2 AUi lkr ij Akzw / SCHEDULE 2 - RESERVES AND SURPLUS


I. xukM AUi lkr / STATUTORY RESERVE
(oMa ulrq 1949 M kU 17 M AlxU AUi lk)
(RESERVE FUND IN TERMS OF SECTION 17 OF THE BANKING
REGULATION ACT, 1949)
Ajzw / OPENING BALANCE
uw M SUl mUukl / ADDITIONS DURING THE YEAR
eQ / TOTAL
II. me AUi lkr / CAPITAL RESERVE
M. mlqsrMl AUi lkr / a. REVALUATION RESERVE
Ajzw / OPENING BALANCE
eQ: uw M SUl mlqsrMl / ADD : REVALUATION DURING THE YEAR

bOr: sp u Wl Zi M AiUi
LESS : TRANSFERRED TO PROFIT AND LOSS ACCOUNT
eQ / TOTAL
Z. uSz qS mUuil AUi lkr / b. FOREIGN CURRENCY
TRANSLATION RESERVE
Ajzw / OPENING BALANCE
eQ: uw M SUl mUukl / ADDITIONS DURING THE YEAR
bOr: uw M SUl MOir / LESS: DEDUCTIONS DURING THE YEAR
eQ / TOTAL
a. Alr / c. OTHERS
Ajzw / OPENING BALANCE
eQ: uw M SUl mUukl / ADDITIONS DURING THE YEAR
eQ / TOTAL

126

As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

3000 00 00

3000 00 00

300 00 00

300 00 00

143 00 00
443 00 00

143 00 00
443 00 00

5933 00 00
720 00 00
6653 00 00

5108 00 00
825 00 00
5933 00 00

2065 13 95
-2065 13 95

2098 35 79
-2098 35 79

31 89 92
2033 24 03

33 21 84
2065 13 95

77 66 88
21 62 96
-99 29 84

16 93 90
60 72 98
-77 66 88

1225 70 23
43 06 84
1268 77 07

1220 55 23
5 15 00
1225 70 23

rj 31 qc, 2013 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2013


rj 31.03.2013 M rj 31.03.2012 M
As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

2235 20 00

2235 20 00

--

--

2235 20 00

2235 20 00

7910 24 50

6724 98 20

530 03 45

1185 26 30

8440 27 95

7910 24 50

--

--

8440 27 95

7910 24 50

2800 00 00

2100 00 00

700 00 00

700 00 00

3500 00 00

2800 00 00

--

92 78 76

205 00 00

--

205 00 00

92 78 76

--

92 78 76

eQ / TOTAL

205 00 00

--

eQ / TOTAL

24434 78 89

22246 95 56

III zrU mqrq / SHARE PREMIUM :

Ajzw / OPENING BALANCE


uw M SUl mmi / RECEIVED DURING THE YEAR
eQ / TOTAL
IV Uexu AU Alr AUi lkr / REVENUE AND OTHER RESERVES

M Uexu AUi lkr / a. REVENUE RESERVE


Ajzw / OPENING BALANCE
uw M SUl mUukl / ADDITIONS DURING THE YEAR

bOr: uw M SUl MOir / LESS: DEDUCTIONS DURING THE YEAR


eQ / TOTAL
Z uzw AUi lkr / b. SPECIAL RESERVE
{ArMU Aklrq 1961 M kU 36 (1) (VIII) M AlxU}

{IN TERMS OF SECTION 36 (1)(VIII) OF THE INCOME TAX ACT, 1961}

Ajzw / OPENING BALANCE


uw M SUl mUukl/ ADDITIONS DURING THE YEAR
eQ / TOTAL
a luz AUi lk Zi / INVESTMENT RESERVE ACCOUNT
Ajzw / OPENING BALANCE
uw M SUl mUukl/ ADDITIONS DURING THE YEAR
bOr: uw M SUl MOir / LESS: DEDUCTIONS DURING THE YEAR

127

rj 31 qc, 2013 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2013


rj 31.03.2013 M rj 31.03.2012 M
As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

i. oM x / FROM BANKS
ii. Alr x / FROM OTHERS
eQ / Total

235 93 87
14657 21 00
14893 14 87

146 41 65
14672 09 69
14818 51 34

II.

oci oM eq / SAVINGS BANK DEPOSITS


eQ / Total

71168 18 72
71168 18 72

64792 21 94
64792 21 94

III.

xuk eq / TERM DEPOSITS


i. oM x / FROM BANKS
ii. Alr x / FROM OTHERS
eQ / Total
eQ / Total (I, II and III)

12104 88 42
257689 77 12
269794 65 54
355855 99 13

9763 93 30
237679 06 13
247442 99 43
327053 72 71

zZA M eq / DEPOSITS OF BRANCHES


i. pUi q / IN INDIA
ii. pUi M oWU / OUTSIDE INDIA
eQ / Total

342106 93 24
13749 05 89
355855 99 13

316092 56 48
10961 16 23
327053 72 71

--3526 13 29

-127 18 75
820 76 25

7353 55 00
10879 68 29

7693 55 00
8641 50 00

8046 53 27

5610 32 22

1357 15 82
9403 69 09
20283 37 38

1273 56 94
6883 89 16
15525 39 16

Alxc 3 - eq / SCHEDULE 3 - DEPOSITS


M. I. qa eq / A.I. DEMAND DEPOSITS

B.

Alxc 4- EkU / SCHEDULE 4 - BORROWINGS


pUi q EkU / BORROWINGS IN INDIA
I.
i. pUir Ueu oM / i. RESERVE BANK OF INDIA
ii. Alr oM / ii. OTHER BANKS
iii. Alr xxjL ij Lexr / iii. OTHER INSTITUTIONS AND AGENCIES
iv. Amipi miSr oQ / iv. UNSECURED REDEEMABLE BONDS
(ADmQAD AU ah Gh) / (IPDI AND SUB-ORDINATED DEBT)
eQ / Total
II.

pUi M oWU EkU / BORROWINGS OUTSIDE INDIA


i. Alr oM / i. OTHER BANKS
ii. Amipi miSr oQ / ii. UNSECURED REDEEMABLE BONDS
(SUB-ORDINATED DEBT)
eQ / Total
eQ / Total

128

rj 31 qc, 2013 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2013


rj 31.03.2013 M rj 31.03.2012 M
As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

1057 20 00
42 85 26
1152 83 78
326 97 00
8745 59 42

1105 20 44
55 42 41
764 41 10
263 14 00
6702 93 89

11325 45 46

8891 11 84

1128 79 19

1003 20 91

14277 13 84
14277 13 84
15405 93 03

16791 92 66
16791 92 66
17795 13 57

i. oM q zw / i. BALANCE WITH BANKS


M . cs Zi q / a. IN CURRENT ACCOUNTS
Z. Alr eq Zi q / b. IN OTHER DEPOSIT ACCOUNTS
eQ / TOTAL

1592 43 73
-1592 43 73

1183 23 19
-1183 23 19

ii. qa AU Asm xcl mU kl / ii. MONEY AT CALL AND SHORT NOTICE


M. oM q / a. WITH BANKS
Z. Alr xxjA q / b. WITH OTHER INSTITUTIONS
eQ / TOTAL
eQ / TOTAL (i and ii)

860 00 00
4307 62 91
5167 62 91
6760 06 64

-550 00 00
550 00 00
1733 23 19

pUi x oWU / II. OUTSIDE INDIA


i. oM q / i. BALANCE WITH BANKS
M. cs Zi q / a. IN CURRENT ACCOUNTS
Z. Alr eq Zi q / b. IN DEPOSIT ACCOUNTS
ii. qa AU Asm xcl mU kl / ii. MONEY AT CALL AND SHORT NOTICE
eQ / TOTAL
eQ (I AU II) / TOTAL (I and II)

4467 17 58
7288 96 91
792 56 10
12548 70 59
19308 77 23

2853 55 05
5797 48 27
-8651 03 32
10384 26 51

Alxc 5 - Alr SriL AU mukl / SCHEDULE 5 - OTHER LIABILITIES & PROVISIONS


I. Sr os / I. BILLS PAYABLE
II. AiU Mrsr xqrel (lus) / II. INTER OFFICE ADJUSTMENT (NET)
III. Emci ore / III. INTEREST ACCRUED
IV. Axjai MU SriL / IV. DEFERRED TAX LIABILITY
V. Alr (mukl xWi) / V. OTHERS (INCLUDING PROVISIONS)
eQ / TOTAL
Alxc 6-pUir Ueu oM q lMS AU zw /

SCHEDULE 6-CASH AND BALANCES WITH RESERVE BANK OF INDIA


I. UMQ zw / I. CASH IN HAND
(uSz qS lO xWi) / (INCLUDING FOREIGN CURRENCY NOTES)
II pUir Ueu oM q zw / BALANCES WITH RESERVE BANK OF INDIA
cs Zi q / IN CURRENT ACCOUNT
eQ / TOTAL
eQ / TOTAL

Alxc 7- oM q zw ij qa AU Asmxcl mU kl /

SCHEDULE 7 - BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
I. pUi q / I. IN INDIA

II.

129

rj 31 qc, 2013 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2013


rj 31.03.2013
As at 31.03.2013
(` 000)
Alxc 8- luz / SCHEDULE 8 - INVESTMENTS
pUi q luz: xMs
I.
I.

INVESTMENTS IN INDIA: GROSS:

120666 58 84

102012 58 26

LESS: PROVISION FOR DEPRECIATION AND NPI


pUi q lus luz / NET INVESTMENT IN INDIA

121 92 61
120544 66 23

481 32 98
101531 25 28

GOVERNMENT SECURITIES

101991 77 45

88763 90 46

1 49 87

9 68 18

1557 76 73

1172 43 95

3375 58 34

2605 48 26

672 97 36

581 30 11

12945 06 48
120544 66 23

8398 44 32
101531 25 28

bOr: qsrx u Ll m AD M sL mukl


i.
i.
ii.
ii.
iii
iii
iv.
iv.
v.
v.
vi.
vi.

II.

xUMU mipir /

Alr AlqSi mipir /

OTHER APPROVED SECURITIES

zrU /

SHARES

QocU AU ohQ /

DEBENTURES AND BONDS

Alwar AU/r xr Eq /

SUBSIDIARIES AND/OR JOINT VENTURES

Alr /

OTHERS
eQ / Total

mUmYui M sL kUi / HELD TO MATURITY


o M sL Emsok / AVAILABLE FOR SALE
urmU M sL kUi / HELD FOR TRADING
eQ / Total
pUi M oWU luz- xMs /

72699 14 65
47104 81 48
740 70 10
120544 66 23

INVESTMENTS OUTSIDE INDIA - GROSS

bOr: qsrx u Ll m AD MsL mukl /LESS :


PROVISION FOR DEPRECIATION AND NPI

pUi M oWU lus luz /


i.

NET INVESTMENTS OUTSIDE INDIA


xUMU mipir / GOVERNMENT SECURITIES

(xjlr mkMUh xWi) /

INCLUDING LOCAL AUTHORITIES)


ii.
iii.

rj 31.03.2012
As at 31.03.2012
(` 000)

Alwar AU/ r xr Eq /

SUBSIDIARIES AND/OR JOINT VENTURES


Alr luz / OTHER INVESTMENTS
eQ / Total
mUmYui M sL kUi / HELD TO MATURITY
o M Emsok / AVAILABLE FOR SALE
urmU M sL kUi / HELD FOR TRADING
eQ / Total
eQ / Total

70611 90 90
29771 41 45
1147 92 93
101531 25 28
683 95 49

674 75 01

95 78 69

148 57 47

588 16 80

526 17 54

--

--

36 57 20
551 59 60
588 16 80

36 57 20
489 60 34
526 17 54

75 37 36
512 79 44
-588 16 80

72 98 38
453 19 16
-526 17 54
121132 83 03

130

102057 42 82

rj 31 qc, 2013 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2013


rj 31.03.2013 M rj 31.03.2012 M
As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

7054 16 53

7097 24 18

ii. UMQ EkU, AuU QnO AU qa mU Gh M cMi /


ii. CASH CREDITS, OVERDRAFTS AND LOANS REPAYABLE ON DEMAND

105478 48 48

107788 44 62

iii. qrS Gh / iii. TERM LOANS

129643 97 45

117604 13 05

eQ / Total

242176 62 46

232489 81 85

191224 74 05

168722 38 35

8793 07 00

6746 26 29

42158 81 41

57021 17 21

242176 62 46

232489 81 85

i. mjqMi / i. PRIORITY SECTOR

82048 77 57

69270 88 78

ii. xuelM / ii. PUBLIC SECTOR

29096 02 86

34567 59 11

14 75 78

43 08 27

iv. Alr / iv. OTHERS

115980 50 16

117614 77 02

eQ / Total

227140 06 37

221496 33 18

--

--

271 40 13

239 20 71

Z. qrS AU xqWl Gh / b. TERM / SYNDICATED LOANS

5087 97 80

4339 39 88

a. Alr / c . OTHERS

9677 18 16

6414 88 08

15036 56 09

10993 48 67

242176 62 46

232489 81 85

Alxc 9- Aaq / SCHEDULE 9 - ADVANCES


M. i. ZUS ar ij o mU plL ar os /

A. i. BILLS PURCHASED & DISCOUNTED

Z. i. qi Axir U mipi / B. i. SECURED BY TANGIBLE ASSETS


(oW Gh xWi / INCLUDING BOOK DEBTS)
ii. oM/ xUMU aUOr U muUi /
ii. COVERED BY BANK / GOVT. GUARANTEES
iii. qrS Gh / iii. UNSECURED

eQ / Total
a. I.

pUi q Aaq / C. I. ADVANCES IN INDIA

iii. oM / iii. BANKS

II.

pUi x oWU / II. ADVANCES OUTSIDE INDIA


i. oM x Sr / i. Due from Banks
ii. Alr x Sr / ii. Due from Others

M. ZUS ar ij o mU plL ar os/


a. BILLS PURCHASED AND DISCOUNTED

eQ / Total
eQ (I AU II) / Total (I and II)

131

rj 31 qc, 2013 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2013


rj 31.03.2013 M

As at 31.03.2013
(` 000)

Alxc 10- Acs Axir / SCHEDULE 10 - FIXED ASSETS


I.
mUxU / I. PREMISES
sai mU/ ij mNs isl m M AlxU
qsrMl / AT COST / VALUATION AS PER LAST
BALANCE SHEET

uw M SUl mUukl /ADDITIONS DURING THE YEAR


uw M SUl mlqsrMl /

REVALUATIONS MADE DURING THE YEAR

uw M SUl MOir / DEDUCTIONS DURING THE YEAR


Ail qsrx / DEPRECIATION TO DATE

rj 31.03.2012 M

As at 31.03.2012
(` 000)

2901 28 96

2881 66 20

17 83 43
2919 12 39

19 64 04
2901 30 24

-2919 12 39
10 68
2919 01 71
481 72 74

-2901 30 24
1 28
2901 28 96
441 20 48
2437 28 97

II.

2460 08 48

Alr Acs Axir / II. OTHER FIXED ASSETS


(TlcU AU eQlU xWi /

INCLUDING FURNITURE & FIXTURES)

mNs islm M AlxU sai mU /

AT COST AS PER LAST BALANCE SHEET

uw M SUl mUukl /

ADDITIONS DURING THE YEAR

uw M SUl MOir / DEDUCTIONS DURING THE YEAR


Ail qsrx / DEPRECIATION TO DATE

1875 94 35

1723 34 27

211 47 97
2087 42 32
91 05 55
1996 36 77
1573 12 90

184 84 86
1908 19 13
32 24 78
1875 94 35
1480 68 15
423 23 87

III.

mai Axir / III. LEASED ASSETS


mNs islm M AlxU sai mU /

AT COST AS PER LAST BALANCE SHEET


uw M SUl mUukl / ADDITIONS DURING THE
YEAR

uw M SUl MOir / DEDUCTIONS DURING THE YEAR


Ail qsrx / DEPRECIATION TO DATE

395 26 20

81 14 04

81 14 04

-81 14 04
-81 14 04
74 28 49
6 85 55

-81 14 04
-81 14 04
73 11 87
8 02 17

4 66 55

5 83 17

bOL: mSU Aiq xqrel sZ

LESS: LEASE TERMINAL ADJUSTMENT ACCOUNT

2 19 00
2862 71 84

eQ (I, II AU III) / Total (I, II and III)

132

2 19 00
2857 53 68

rj 31 qc, 2013 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2013


rj 31.03.2013 M

rj 31.03.2012 M

3341 94 25

2911 45 98

2424 26 89

1749 53 81

6 63 80

8 14 56

33 09

33 09

5682 55 24

3906 53 40

11455 73 27

8576 00 84

4737 86 41

4625 69 67

--

--

196249 12 20

138706 01 42

As at 31.03.2013
(` 000)

Alxc 11- Alr Axir / SCHEDULE 11 - OTHER ASSETS


I.
Emci ore / I. INTEREST ACCRUED
Aaq m q mS MU/ xi mU MU MOi
II.
(lus)/ II. TAX PAID IN ADVANCE/TAX DEDUCTED
AT SOURCE (NET)

III.
IV.

sZl xqa u xOqm / III. STATIONERY AND STAMPS


Su M xi q mmi M aD aU oMa Axir /
IV. NON BANKING ASSETS ACQUIRED IN
SATISFACTION OF CLAIMS

Alr / V. OTHERS
eQ / TOTAL
Alxc 12- AMxqM SriL /

V.

As at 31.03.2012
(` 000)

SCHEDULE 12 - CONTINGENT LIABILITIES


I.

oM M u Su elW Gh M m q xuMU lW
Mr ar W / CLAIMS AGAINST THE BANK NOT

ACKNOWLEDGED AS DEBTS
II.

Azi: mS luz Wi SriL / LIABILITY FOR

PARTLY PAID INVESTMENTS


III.

oMr urS ulqr xuSA M MUh SriL /


LIABILITY ON ACCOUNT OF OUTSTANDING
FORWARD EXCHANGE CONTRACTS

IV.

xbOM M AU x S aD aUOr

/ GUARANTEES GIVEN ON BEHALF OF CONSTITUENTS

M. pUi q / a. IN INDIA
Z. pUi x oWU / b. OUTSIDE INDIA
V.

23457 79 30

23301 22 02

39 40 68

33 18 85
23334 40 87

24657 21 61

23636 40 07

xuMir, mMl AU Alr okriL /


ACCEPTANCES, ENDORSEMENTS AND
OTHER OBLIGATIONS

VI.

23497 19 98

Alr qS elM sL oM xqi m x


EUSr W / OTHER ITEMS FOR WHICH THE BANK
IS CONTINGENTLY LIABLE

M. ml: plL ar ulqr os / a. BILLS OF


EXCHANGE REDISCOUNTED

Z. Alr / b. OTHERS

eQ / TOTAL

133

--

--

566 14 49

2568 72 72
566 14 49

2568 72 72

249707 54 69

192871 24 75

rj 31 qc, 2013 M sp u Wl Zi M Av oll us Alxcr


SCHEDULES FORMING PART OF THE PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2013
rj 31.03.2013 M

rj 31.03.2012 M

As at 31.03.2013
(` 000)

Alxc 13- Aei ore / SCHEDULE 13 - INTEREST EARNED


Aaq/os mU ore / MOi / I. INTEREST /
I.
DISCOUNT ON ADVANCES / BILLS

II.
III.

luz mU Ar / II. INCOME ON INVESTMENTS


pUir Ueu oM q zwUz AU AiU oM lkr
mU ore / III. INTEREST ON BALANCES WITH RBI
AND OTHER INTER BANK FUNDS

IV.

Alr / IV. OTHERS


eQ / TOTAL

Alxc 14- Alr Ar / SCHEDULE 14 - OTHER INCOME


I.
Mqzl, ulqr, AU Sss / I. COMMISSION,
EXCHANGE AND BROKERAGE

II.

luv M ur mU sp/ II. PROFIT ON SALE OF

III.

sp / PROFIT
bOL : Wl / LESS : LOSS
luz M mlqsrMl mU sp / III. PROFIT ON

As at 31.03.2012
(` 000)

24379 90 78

23443 42 01

9112 42 43

7044 73 08

585 22 53

362 21 48

37 76

25 58

34077 93 50

30850 62 15

798 14 42

796 93 32

INVESTMENTS

682 44 38
6 70 05

REVALUATION OF INVESTMENTS

675 74 33

--

bOL : mlqsrMl mU Wl / LESS: LOSS ON


REVALUATION OF INVESTMENTS
IV.

457 22 54

15 05 85

133 56 76

323 65 78

--15 05 85

22 15 50

-22 15 50

pq/ pul AU Alr Axir M ur mU sp /


IV. PROFIT ON SALE OF LAND/BUILDINGS AND
OTHER ASSETS

V.

sp / PROFIT
bOL : Wl / LESS : LOSS
ulqr sl-Sl mU sp /

2 41 50
1 49 44

2 12 75
92 06

1 12 86

99 89

V. PROFIT ON EXCHANGE TRANSACTIONS

VI.

sp / PROFIT
bOL : Wl / LESS : LOSS
uSz/ pUi q xjmi Alwar/MmlrAU r
xr Eq x spz AS U Aei Ar /

483 05 11
18 61 94

VI. INCOME EARNED BY WAY OF DIVIDEND ETC.


FROM SUBSIDIARIES/COMPANIES AND/OR
JOINT VENTURES ABROAD/IN INDIA
VII.

uuk Ar / VII. MISCELLANEOUS INCOME


eQ / TOTAL

134

445 51 41
464 43 17

10 55 97

434 95 44

56 57 29

111 68 23

1172 25 36

1281 52 49

3153 00 78

2927 59 65

rj 31 qc, 2013 M sp u Wl Zi M Av oll us Alxcr


SCHEDULES FORMING PART OF THE PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2013

rj 31.03.2013 M rj 31.03.2012 M
As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

25250 27 02

21962 18 10

II. INTEREST ON RESERVE BANK OF INDIA/


INTERBANK BORROWINGS

163 25 71

430 02 37

Alr / OTHERS

785 41 60

769 10 69

26198 94 33

23161 31 16

MqcUr M pail AU ElM sL mukl /

3253 56 36

2973 08 52

II.

MUr, MU, Uzl / II. RENT, TAXES, LIGHTING

466 12 18

397 30 85

III.

qSh u sZl xqa / III. PRINTING AND STATIONERY

30 60 09

30 36 03

IV.

uml u mcU / IV. ADVERTISEMENT AND PUBLICITY

33 71 35

26 66 99

V.

oM M xm mU qsrx (mlqsrMl AUi lkr x AiUh M


oS M lus) V. DEPRECIATION ON BANKS PROPERTY

189 68 53

156 88 72

96 36

1 15 37

VII. AUDITORS FEES AND EXPENSES (INCLUDES


FOR BRANCH AUDITORS)

32 69 27

34 31 60

VIII.

uk mpU / VIII. LAW CHARGES

23 95 32

27 44 23

IX.

QM, iU, OsTl AS /

38 02 13

37 09 93

Alxc 1515- urr Mr ar ore


SCHEDULE 15 - INTEREST EXPENDED
I.

eq mU ore / I. INTEREST ON DEPOSITS

II.

pUir Ueu oM/ AiU oM EkU mU ore

III.

eQ / TOTAL
Alxc 16- mUcsl urr
SCHEDULE 16 - OPERATING EXPENSES
I.

I. PAYMENTS TO AND PROVISIONS FOR EMPLOYEES

(NET OF TRANSFER FROM REVALUATION RESERVE)

VI.

lSzM M zsM, p AU urr / VI. DIRECTORS FEES, ALLOWANCES


AND EXPENSES

VII.

sZ mUM M zsM AU urr (zZ sZ mUM xWi) /

IX. POSTAGE, TELEGRAMS, TELEPHONES ETC.


X.

qUqqi AU AlUh / X. REPAIRS AND MAINTENANCE

152 31 69

149 76 42

XI.

oq / XI. INSURANCE

276 63 68

285 63 88

XII.

Alr urr / OTHER EXPENDITURE

643 72 03

554 01 80

5141 98 99

4673 74 34

eQ / TOTAL

135

Alxc- 17

SCHEDULE 17

ur uuUh M irU MUl q AmlD aD


qWiumh sZMl lir

SIGNIFICANT ACCOUNTING POLICIES ADOPTED


IN PREPARING FINANCIAL STATEMENTS

(1)(M) sZMl
l M mUmU:
LiWxM sai mUmU M Aiai sZA M irU
Mr ar W ij r Alrj xci M NQMU xukM
mukl u uql mhsr M Alm W|

[1](a) Basis of Preparation:


The accounts are prepared under the historical
cost convention and conform to the statutory
provisions and prevailing practices, except as
otherwise stated.

Z. Alql M Emra:
xqMi ur uuUh M irU M sL mokl i M
Axir, SriA, urr, Ar ij AMxqM SriA
M mMOl M mpui MUlus Uz M xok q ur
uuUh M iUZ M Alql ij kUhA M oll
M AuzrMi W | mokl M qll W M r Alql u
kUhL Eci u uuMmh W | ijm, uxiuM mUhq
Alql x Asa W xMi W | sZMl Alql q
Mx xzkl M uiql ij puwr q qlri Sr
eLa |

(b) Use of Estimates:


The preparation of financial statements requires
the management to make estimates and
assumptions that affect the reported amount of
assets, liabilities, expenses, income and disclosure
of contingent liabilities as at the date of the
financial statements. Management believes that
these estimates and assumptions are reasonable
and prudent. However, actual results could
differ from estimates. Any revision to accounting
estimates is recognized prospectively in current
and future periods.

(2)
2.1

2.2

uSz qS AiUh / uSz qS xmUuil


uSz zZ M xok q slSl Lu zw M Ap
uSz mUcsl M m q uaMi Mr ar W |
mUxmr Lu SriA (Sl qSM u aU-qSM ij
AMxqM SriL) M AiUh pUir xlS sZMU
xxjl M sZMl qlM 11 M Alm Lu pUir
Ueu oM M lSz M AlxU, TQD U bwi
Aiq WeU ulqr SU mU Mr ei W AU uSz
zZA M Ar Lu urr qS M TQD U mMzi
iqW Axi xqml SU mU AiUi Mr ei W |
mUhqxum Wlus ulqr sp / Wl M, uSz
qS AiUh mUi q eq / lq Mr eLa |
uSz qS q pUir zZA M slSl M
Ap uSz mUcsl M m q uaMi Mr
ar W| urS ulqr xuSA, aUOr, xuMir,
mMl AU okriA xWi uSz qS q mUxmr
AU SriA M qsrMl, pUir xlS sZMU xxjl
M sZMl qlM 11 M Alm AU pUir Ueu oM
M SzlSz M AlxU Aiq WeU SU / xuS
M Auz mUmYui M sL urS SU mU Mr
ei W |

[2]

Foreign Currency Translation / Conversion of


Foreign Currencies

2.1.

Transactions and balances of foreign branches are


classified as non-integral foreign operations. Assets
and Liabilities (both monetary and non-monetary
as well as contingent liabilities) are translated at
the closing spot rate of exchange announced by
Foreign Exchange Dealers Association of India
(FEDAI) and Income and Expenditure items of the
foreign branches are translated at the quarterly
average rate published by FEDAI in accordance
with Accounting Standard (AS) 11 issued by the
Institute of Chartered Accountants of India (ICAI)
and as per the guidelines of Reserve Bank of India
(RBI). The resultant exchange gain/loss is credited
/ debited to Foreign Currency Translation Reserve.

2.2.

Foreign currency transactions of Indian branches


have been classified as integral foreign operations.
Assets and Liabilities in foreign currency, Forward
Exchange Contracts, Guarantees, Acceptances,
Endorsements and Obligations are evaluated at
the closing spot rate / forward rate for the residual
maturity of the contract in accordance with AS 11
issued by ICAI and as per the guidelines of RBI.
Income and Expenditure items are accounted for
at the exchange rates prevailing on the date of
transactions.

slSl M iUZ M uql ulqr SU mU Ar u


urr qS M Wxo q sr ar W |

136

2.3

urS ulqr
ulqr xuSL:
xp urS ulqr xuSA M mUp q Eim Wlus
mqrq r QxMEO M urr r xuS mU Wlus
Ar M m q mUzki Mr ar W | urS ulqr
xuSA M AmUzki mqrq r pll xWi
AxqrM xqmi mU Wlus sp / Wl, rS W
i, xqmi iUZ mU qlri S aD | oMr urS
ulqr xuSA, aUOr, xuMir, mMl ij
Alr okriA M xok q AMxqM SriA M
mUMsl Aiq TQD SU M AlxU Mr ar W|

[3]

luz

3.1

luz M xuaMUh pUir Ueu oM M SzlSz


M AlxU Mr ar W | oM M xmh luz xupa
il xua q upei Mr ar W, ex mUmYui
M sL kUi , o M sL kUi AU urmU M
sL kUi ex mipir M ApaWh M xqr mU
lkUi Mr ar W | LM xua x SxU xua q
zrU M AiUh, rS MD W i Lx AiUh, Ai Mq
ApaWh sai / oW qsr / Ex Sl M oeU qsr
mU Mr ei W AU ux AiUh M sL qsrx M,
rS W, xmh mukl Mr ei W |

2.3

Forward Exchange Contracts


Premium or discount arising at the inception of
all forward exchange contracts are amortized as
expense or income over the life of the contract.
Profit / Losses arising on premature termination
of forward exchange contracts, together with
unamortized premium or discount, if any, is
recognized on the date of termination. Contingent
liability in respect of outstanding forward exchange
contracts, guarantees, acceptances, endorsements
and other obligations are calculated at the closing
FEDAI rates.

[3]

Investments

3.1.

Classification of investments is made as per


the guidelines of the RBI. The entire investment
portfolio of the bank is classified under three
categories viz. Held to Maturity, Available for sale
and Held for Trading, which is decided at the time
of acquisition of securities. Transfer of scrips, if any,
from one category to another is done at the lowest
of acquisition cost / book value / market value on
the date of transfer and the depreciation, if any, on
such transfer is fully provided for.

luz M N: xua q mMO Mr ei W ex (M)


xUMU mipir (Z) Alr AlqSi mipir (a)
zrU (b) QocU AU oQ (X) Alwar ij xr
Eq u xWoSk xxjA AU (c) Alr
3.2

M)

luz M qsrMl pUir Ueu oM U eU


ML aL SzlSz M AlxU Mr ei W e
rjlxU W :
mUmYui M sL kUi
Auk xqmi Wi kUi xua M Aiai luz mU
ApaWh sai, lus mizkl, AaU MD W i
ExM AkU mU Mr el W | AMi qsr x rS
MD AkM ApaWh sai W i Ex zw Auk q
mUzki Mr ei W |

Investments are disclosed in the Balance Sheet


under six classifications viz: (a) Government
securities (b) Other approved securities (c) Shares
(d) Debentures & Bonds (e) Subsidiaries and Joint
Ventures & Associates and (f) Others.
3.2.

The valuation of Investments is done in accordance


with the guidelines issued by the RBI as under:

a)

HELD TO MATURITY
Investments under Held to Maturity category are
carried at acquisition cost, net of amortisation, if
any. The excess of acquisition cost, if any, over the
face value is amortized over the remaining period
of maturity.

Alwar AU xr Eq M luz M UZu sai


mU qsrMi Mr ei W | qsr q MD p xjr
x W i ExM mhi: mukl Mr ei W |

Investments in Subsidiaries and Joint Ventures


& Associates are valued at carrying cost. Any
diminution in the value other than temporary in
nature is fully provided for.

r aqh oM AU Alr lrx zrU q luz M


sai mU UZ ei W |

Investment in sponsored Regional Rural Banks


(RRB) and other Trustee Shares are carried at cost.

ucU me lkr (uxLT) q SlM 23.08.2006 M


oS M aD luz M il uw M AUpM Auk M
sL LcOLq h M iWi uaMi Mr ei W ij
sai mU qsrl Mr ei W |

Investment in units of Venture Capital Funds


(VCFs) made after 23.08.2006 are classified under
HTM category for initial period of three years and
valued at cost.

137

Cx h q luz M ur mU sp M mWs sp u
Wl Zi q sr ar W AU ExM oS me mUi
sZ lus MU AU xukM mUi q ulrei
Mr ar W| uw M SUl oc aD mipir M sL
MD mUzkl lW Mr ar| ur q Wl M sp u
Wl Zi q qlri S aD|
Z)

o M sL Emsok
Cx xua M iWi mirM mipi oeU M sL
AMi W |

Profit on sale of Investments in this category is first


taken to the Profit and Loss Account and thereafter
appropriated to the Capital Reserve Account net of
taxes and Statutory Reserve. No amortisation is
effected for securities sold during the year. Loss on
sale is recognized in the Profit and Loss Account.
b)

MSr xUMU M mipir M li Ar qS oeU


AU pUir urim (QUuOu) xb (LTADLqLqQL)
U bwi qsr M AlxU qsrMi Mr ei W|

AVAILABLE FOR SALE


The individual securities under Available for Sale
category are marked to market.
Central Government Securities and State
Government securities are valued at market prices
as per prices declared by Fixed Income Money
Market and Derivatives Association of India
(FIMMDA).

Alr AlqSi mipir M qsrMl, LT AD Lq Lq


Q L U lkUi uD O Lq mi M AlxU Aji
xql Auk xqmi us MS xUMU mipir M
EimS mU 25 AkU olS x AkM AMi MUl M
eUL Mr ei W |

Other approved securities are valued by applying


the YTM method by marking it up by 25 basis points
above the yields of Central Government securities
of equivalent maturity put out by FIMMDA.

aU LxLsAU mipir ex QocU / oQ (Aaq


M m q UWlus QocU / oQ M NQMU) M
qsrMl, rS Emsok W i oeU qsr mU Mr ei
W r LT AD Lq Lq Q L U lkUi uD O Lq
mi M AlxU Auk xqmi us MSr xUMU
mipir M EimS mU xZ M AkU mU AiU
AkU AM M AMi MUl M eUL Mr ei W |
Akql zrU M qsrMl uD O Lq SU / qcl
qsr mU Mr ei W |

Non SLR securities such as Debentures / Bonds


(other than Debentures / Bonds which are in the
nature of advance) are valued at market prices,
if available, and if not, are valued applying YTM
method by marking it up by additional basis points
based on credit rating above the yields of Central
Government Securities of equivalent maturity
as put out by FIMMDA and the methodology
suggested by FIMMDA.

lS puus zrU M qsrMl oeU qsr mU Mr


ei W |

Preference Shares are valued at lower of YTM rates


/ redemption values.

AlS puus zrU M qsrMl Ail


islm, e M mNs LM uw x mUl l W, x
i uzswi qsr mU Mr ei W, Alrj zrU M
` 1/- mi Mml M AkU mU qsrMl Mr ei W |

Quoted Shares are valued at market prices.


Unquoted Shares are valued at break up value
ascertained from the latest Balance Sheet
not earlier than one year or otherwise at `1
per Company.

Mw os, uherM Maei ij eq mqhm M


UZu sai mU qsrMi Mr ei W |

Treasury Bills, Commercial Papers and certificates


of deposits are valued at carrying cost.

qrcAs TQ CMCr M qsrMl quU oeU SU r


ml:ZUS qsr r lus mUxm qsr M Emsoki M
AkU mU Mr ei W |

Units of Mutual Funds are valued at market rate


or repurchase price or net asset value in that order
depending on their availability.

ucU me lkr (uxLT) q SlM 23.08.2006 M


oS M aD luz M il uw M AUpM Auk M
sL LcOLq h M iWi uaMi Mr ei W ij
sai mU qsrl Mr ei W | xuiUh x il uw M
Auk M mi CxM LLTLx q AiUi MUM pUir
Ueu oM M SzlSz M AlxxU oeU M sL
AMi Mr ei W |

Units of Venture Capital Funds (VCFs) made after


23.08.2006 are classified under HTM category
for initial period of three years and valued at
cost. After period of three years from the date of
disbursement, it will be shifted to AFS and markedto-market as per RBI guidelines.

138

mipir M qsrMl xmuU Mr ar W AU


mirM Em ua M Aiai qsr x / qsr u M
LMMUh Mr ar W |

Securities are valued scrip wise and depreciation/


appreciation under each sub category is
aggregated.

Emr qsrMl M AkU mU mirM xua M iWi


lus qsr u M lMU ei W eoM lus
qsrx M sL xmh mukl Mr ei W |

Based on the above valuation, net appreciation if


any, in each sub category is ignored while the net
depreciation is fully provided for.

a)

urmU Wi kUi
mirM mipi M qsrMl pUir Ueu oM M
SzlSz M AlxU AukM iU mU oeU qsr mU
r LT AD Lq Lq Q L U bwi qsr mU Mr ei
W | Cx uaMUh M iWi mirM ua M xok q lus
qsrx Emsok Mr ei W AU lus qsru
lMU ei W |

c)

HELD FOR TRADING


The individual securities under Held for Trading
category are valued periodically as per RBI
guidelines, at market prices as available from
the trades/quotes or as per prices declared by
FIMMDA. In respect of each classification under
this category, net depreciation is provided for and
net appreciation is ignored.

3.3
(M)

luz M ApaWh sai M lkUh


r M xqr mipir M xok q Sss, Mqzl
AS ex sai M sp-Wl Zi q mpUi Mr
ei W |

3.3.
(a)

In determining the acquisition cost of investment:


Cost such as brokerage, commission etc., relating
to securities at the time of purchase are charged
to Profit & Loss Account.

(Z)

ApaWUh / lmOl M iUZ iM Gh mm mU ZQi


Auk ore M Uexu M m q ql ar W |

(b)

(a)

luz M sai pUi Axi sai mi M AkU


mU W |

Broken period interest on debt instruments up


to the date of acquisition / disposal is treated as
revenue.

(c)

3.4

mipiMUh / mllqh Mml (mM / mM) M oM


U oc ar ur mUxmr M qqs q mM / mM
U eU mipi UxS M mipi UxS M miSr
qsr AU ur mUxm M lus oW qsr q x lql
xiU mU qsrMi Mr ei W | oWr q ClM luz
EmrlxU lkUi qsr mU Mr ar W AU rS MD
ur / uxs M ei W i luz q x bOr ei
W AU lus oW qsr Szr ei W |

Cost of investments is based on the weighted


average cost method.

3.4.

Security Receipts issued by Securitisation /


Reconstruction Company (SC/RC) in respect of
financial assets sold by the Bank to the SC/RC are
valued at the lower of the redemption value of
the Security Receipt and the Net Book Value of the
financial asset. The Investment is carried in the
books at the price determined as above and the
sale/realisation, if any, is reduced from investment
and the net book value is shown.

pUir Ueu oM U lkUi aU LxLsAU luz q


luz M sL sa qsr uaMUh AU Alr qlM, mM
/ mM U eU mipi UxS q oM M luz M sL
sa Mr ei W |
3.5

pUir Ueu oM U eU SzlSz M AlxU


AleM luz M (LlmAD) lc EssZi AlxU
AplkUi Mr ar W:

(M)

mipir / Akql zrU, eW ore / lkUi


spz / Mxi (mUmYui mmir xWi) Sr W AU
90 Sl x AkM Auk x AmS mQ W |

(Z)

eW Ail isl m Emsok lW W Aju Mml M


lOuj lMUiqM W uW mi Mml ` 1/- qsr mU
DYuO zrU M qsrMi Mr ei W |

139

The valuation, classification and other norms


applicable to Investment in Non-SLR securities
prescribed by RBI is applied to Banks investment
in Security Receipts issued by SC/RC.
3.5.

Non-Performing Investments (NPI) are identified


as stated below, as per the guidelines issued
by RBI:

(a)

Securities/Preference Shares where interest /


fixed dividend / instalment (including maturity
proceeds) is due and remains unpaid for more
than 90 days.

(b)

Equity Shares valued at Re.1 per company, where


the latest Balance Sheet is not available or the Net
worth of the Company is negative.

(a)

rS eUMi U oM x s aD Gh xuk q MD
AleM Aaq W i Ex eUMi U Alr mipir
q luz M p AleM luz ql eL |

3.6

Um / mi Um M sZMl u cslk xqrel xuk


(LsLLT)

M)

Um / mi Um M iWi xWqi zi mU LM MUU M


xj ZUS / oc aD mipir (LsLLT M Asu)
M ml:ZUS M EkU M m q sZMi Mr eLa|

Z)

LsLLT M iWi pUir Ueu oM x ZUS / oc aD


mipir M luz Zi q lq / eq Mr ei W
AU mUmYui q ExM umx Mr ei W|

(4)

urim xuSL
oM ore SU ASs-oSs AU qS urimr q
uruWU MUi W | oM U uruWU Mr e UW ore SU
urimr mr ore SU ASs-oSs, mUxmU slSl
M qS ore SU ASs-oSs AU urS SU MUU W |
oM U uruWU M e UW qS urimr uMsm AU
qS ASs-oSs W |

pUir Ueu oM M SzlSz M AkU mU


M)
urmU M sL mra M elus urimr oeU M
sL AMi M ar W AU lus qsrx M mWcl
M aD W ij lus qsru M lMU ar W |
Z)

miU M sL Emra q sr e UW urimr Cx


mMU W

(c)

If any credit facility availed by the issuer from the


Bank is a non-performing advance, investment in
any of the securities issued by the same issuer is
also treated as NPI.

3.6.

Accounting for Repo/Reverse Repo and Liquidity


Adjustment Facility (LAF)
The securities purchased/sold with an agreement
to repurchase on the agreed terms under Repo /
Reverse Repo (other than LAF) are accounted as
borrowing/lending.

(a)

(b)

The securities purchased/sold under LAF with RBI


are debited/credited to Investment account and
reversed on maturity.

(4)

Derivative contracts
The Bank deals in Interest Rate Swaps and
Currency Derivatives. The Interest Rate Derivatives
dealt by the Bank are Rupee Interest Rate Swaps,
Cross Currency Interest Rate Swaps and Forward
Rate Agreements. Currency Derivatives dealt by
the Bank are Options and Currency Swaps.

Based on RBI guidelines


a.
Derivatives used for trading are marked to market
and net depreciation is recognized while net
appreciation is ignored.
b.

Derivatives used for hedging are

i. oeU M sL AMi M ei W, eW AkUpi


Axir / SriL oeU M sL AMi M ar W |

i. marked to market in case where the underlying


Assets / Liabilities are marked to market.

ii. miU ASs-oSs M sL Emci AkU mU Ar


/ urr M sZ Mr ar |

ii. Income / Expenditure is accounted on accrual


basis for Hedging swaps.

(5) Aaq
5.1
Aaq M AeM AU AleM Axir M m q
xuaMi Mr ar W AU pUir Ueu oM U
lkUi uuMmh qlSQ M AlxU mukl ML aL
W |
5.2

Aaq M lus o Zi q Qsl, AleM Axir


M mukl, xZ aUO xxjl x mmi Su, ml: NO
M m q oir ar W |

5.3

mipiMUh / mllqh Mml M oc ar ur


Axir M qqs q, rS ur lus oW qsr
(Llou) x Mq qsr mU W, bO M sp u Wl
sZ q lq Qs ei W | rS ur Llou qsr
x EiU qsr mU W, i mukl M miuil lW
Mr ei W osM Alr AleM ur mUxmr
M ur mU WD bO / Wl xqrei MUl M sL
Mr ei W |

(5)
5.1

Advances
Advances are classified as performing and nonperforming assets and provisions are made in
accordance with the prudential norms prescribed
by RBI.

5.2

Advances are stated net of write off, provision


for non-performing assets, claims received from
credit guarantee institutions and re-discount.

5.3

In case of financial assets sold to the SC / RC, if


the sale is at a price below the Net Book Value
(NBV), the shortfall is debited to the Profit & Loss
Account. If the sale is for a value higher than the
NBV, the excess provision shall not be reversed but
will utilized to meet the shortfall/loss on account
of sale of other non-performing financial assets.

140

(6)
6.1

Acs Axir
oM M mUxU q q pq AU mus pq xm
Sl zqs W | pq AU pul M meMUh WxiiUh
m / AoOl m / m MUUlq, Sbuk mus
xmr AU / r xm M piM kUh M AkU mU
Wi W |

6.2

eW mlqsrMl Mr ar W ElW NQMU mUxU AU


Alr Acs mUxmr M LiWxM sai mU oir
ar W | mlqsrMl mU qsr u, rS MD W i, Ex
mlqsrMl AUi lk' Zi q eq Mr ei W |
xuki qsr M MUh Wlus qsrx / mUzkl M
AiUh mlqsrMl AUi lk x sp u Wl Zi
q qsrx q eq Mr eLa |

(7)
7.1

qsrx
MmrOU M NQMU, Acs Axir M qsrxi
qsr mi M iWi iixok Axi M Emrer eul
mU mUMsi qsr M AkU mU mokl U lkUi SU
M AlxU qsrx Mr ei W | pUir Ueu oM
M SzlSz M AlxU, MmrOU mU qsrx M
xk MOi mhs M AkU mU 33.33% mpUi MUi
WL Mr ei W |

7.2

mSD mUxU mU mS mqrq ExM mU mSD Auk


M sL mpUi Mr ei W |

7.3

m mU S aD mUxmr mU qsrx M Mml


Aklrq 1956 M Alxc XIV M AlxU, me
uxs M xqrei MUl M oS qsrx qsr mi
M AlxU mpUi Mr ei W |

7.4

Acs / mSD mUxm q xukl mU qsrx M


ApaWh iUZ M ahl ML oaU xmh uw M sL
mpUi Mr ar W | o / lmOl uw M SUl
qsrx M sL mukl lW Mr ar W |

(8)

Axir M Amrl
xjU Axir mU Wlr M Amrl, rS MD W
i, M pUir xlS sZMU xxjl U eU sZ
qlM LLx- 28 M AlxU sp u Wl Zi q qlri
S aD W |

(9)
9.1

Uexu M mUMsl
Ar u urr M sZMl xqlrir Emci AkU mU
Mr ei W |

9.2

pUir Ueu oM M uuMmh qlSQ M AlxU


luz xWi Almer mUxmr M qqs q Ar M
lkUh EaW M WS iM Mr ei W | "Msii
Gh" Zi M qqs q uxsr M qskl q
xqrei Mr ei W|

141

(6)
6.1.

Fixed Assets
The premises of the Bank include freehold and
leasehold properties. Land and Buildings are
capitalised based on conveyance / letters of
allotment / agreement to lease, deposit made on
long term leasehold properties and / or physical
possession of the property.

6.2.

Premises and other Fixed Assets are stated at


historical cost except wherever revalued. The
appreciation on revaluation, if any, is credited to
the Revaluation Reserve Account. Depreciation /
Amortization attributable to the enhanced value is
transferred from Revaluation Reserve to the credit
of Depreciation in the Profit and Loss Account.

(7)
7.1.

Depreciation
Fixed Assets excluding Computers are depreciated
under Written Down Value Method at the rates
determined by the management on the basis
of estimated useful life of the respective assets.
As per the guidelines of RBI, depreciation on
Computers is charged at 33.33% on Straight-Line
Method.

7.2.

Premium paid on leasehold properties is charged


off over the lease period.

7.3.

Depreciation on Assets given on Lease is charged


on Written Down Value Method as per Schedule
XIV to the Companies Act, 1956 after adjusting
Capital recovery.

7.4.

Depreciation on additions to fixed/leased assets is


charged for the full year irrespective of the date of
acquisition. No depreciation is provided for in the
year of sale/disposal.

(8)

Impairment of Assets
Impairment losses on Fixed Assets, if any, are
recognized in Profit & Loss Account in accordance
with AS 28 issued by ICAI.

(9)
9.1.

Revenue Recognition
Income and expenditure are generally accounted
on accrual basis.

9.2.

In the case of Non-Performing Assets including


Investments, income is recognised to the extent
of realisation, in accordance with the prudential
norms prescribed by RBI. In respect of Loans Past
Due accounts, recoveries are appropriated first
towards principal.

9.3

Mqzl, ulqr, Sss ij sMU MUr M mmi


AkU mU Ar M m q ahl M ei W |

9.3.

Commission, Exchange, Brokerage and Locker Rent


are accounted for as income on receipt basis.

9.4

MU umx mU ore Ar M sZMl, mUi lkUh


ASz M AkU mU Mr ei W|

9.4.

Interest income on tax refund is accounted based


on the assessment orders passed.

(10)

MqcU sp

(10)

Employee Benefits

10.1

mUpwi Wisp relL


mzl ij EmSl M mi SriA M mirM isl
m iUZ M 'Alqli CMD xZ mi' M xui
oqMM qsrMl M AkU mU qlri Sr ei W |
ClW SriA M lkrl oM U iiW mokl AsaAsa lrx U Mr ei W |

10.2

10.3

(11)

Sbuk MqcU Wisp


uzwkMU N M Sbuk sp ql ar W ij
mirM isl m iUZ M 'Alqli CMD xZ mi'
M xui oqMM qsrMl M AkU mU qlri Sr
ei W |
mUpwi AzSl relL
mUpwi AzSl relA M mi AzSl M MqcU
U xuMs M SUl S aD xuA M sL mS r
mSr Uz M AkU mU qlri Sr ei W |

10.2 Long term employee Benefit


The Privilege leave is considered a long term
benefit and is recognized based on independent
actuarial valuation on Projected Unit credit
Method at each Balance Sheet date.
10.3 Defined contribution schemes
Contributions to defined contribution schemes
are recognized on the basis of the amount paid or
payable for the period during which services are
rendered by the employees.
(11)

MUkl
lrrM lhr AU Mll xsW mU ukui ucU
MUl M oS Ar MU Wi mukl Mr ei W|
Amukli uuSaxi MU "AMxqM SriA" M
Aliai zqs Mr ar W|
uw Wi MU urr q, uiql MU Lu Axjai MU zqs
W | rW Axjai MU xmr xqr piA M xok
q uuMmh ucU M Akl W AU rW pi MU rar
Ar AU sZMl Ar M oc M pi W e M
Mx LM Auk q Eim Wi W AU iSmUli LM r
AkM Auk M SUl miuil M qi UZi W |

(12)
12.1

10.1 Defined benefit schemes


The liabilities towards Gratuity and Pension
are recognized based on independent actuarial
valuation on Projected Unit credit Method at each
Balance Sheet date. These liabilities are funded by
the Bank and are managed by separate trusts.

lus sp
mukl, AMxqM SriL AU AMxqM Axir

Taxation
Provision for Income Tax is made after due
consideration of the judicial pronouncements and
legal opinion. Disputed taxes, not provided for, are
included under Contingent Liabilities.
Tax expenses for the year comprise of Current
Tax and Deferred Tax. Deferred Tax recognizes,
subject to the consideration of prudence in
respect of Deferred Tax Assets, timing differences
being the difference between taxable income
and accounting income that originate in one
period and are capable of reversal in one or more
subsequent periods.

(12) Net Profit


12.1 Provisions, Contingent Liabilities and Contingent
Assets

oM, muui bOl M mUhq M m q uiql q MD


Sriu W AU Ex Sriu M lpl M sL xi M
oWU muW W AU eo Sriu Uz M Eci mUMsl
Mr e xMi W, ip mukl M qlri Si W |

The Bank recognizes provisions only when it has


a present obligation as a result of a past event
and it is probable that an outflow of resources
will be required to settle the obligation and when
a reasonable estimate of the amount of the
obligation can be made.

AMxqM Axir M qlri lW S ei YrM


ElM qlri Sl x Lx Ar M qlri Sl Wa e
Mp EaW lW eLa |

Contingent Assets are not recognized since this


may result in the recognition of Income that may
never be realized.

142

12.2

13.

lqlsZi M "mukl AU AMxqMiA"


M sL sZMl MUl M oS lus sp M ahl
M aD W |
- luz mU qsrx
- Ar MU ij xm MU M sL mukl
- Gh Wlr M sL mukl
- MNM Almrer Aaq / luz M o Zi q
Qs el
- qlM Axir M sL mukl
- Alr xqlr u AuzrM mukl
- AMxqMiA q AiUh
mi zrU Ael
oM, sZMl qlM 20 M AlxU mi zrU M qs u
ilMi Ael M UmO MUi W | mi zrU qs Ael
M ahl MU mi lus sp M uw M SUl oML
DYuO zrU M pUi Axi xZr x upei MUM
Mr ei W |

143

12.2 Net Profit is arrived at after accounting for the


following Provisions and Contingencies:
- Depreciation on Investments
- Provision for Income Tax and Wealth Tax
- Provision for loan losses
- Write off of certain Non-Performing Advances /
Investments
- Provision for Standard Assets
- Other usual and necessary provisions
- Transfer to contingencies
(13)

Earning per share:


The Bank reports basic and diluted Earnings Per
Share in accordance with AS 20. Basic Earnings Per
Share is computed by dividing the net profit after
tax by the weighted average number of equity
shares outstanding for the Year.

Alxc 18

SCHEDULE 18

Alxc 1818- sZ xok Ommhr


1

luz:
i) rj 31.03.2013 M "mUmYui M sL kUi" ua
M iWi luz M mizi xukM iUsi Almi
(Lx Ls AU) oM M qa AU qrS Sri M
21.29% j (mNs uw 22.67%), e pUir Ueu
oM M SzlSzlxU Alqi xq M piU W |

SCHEDULE 18 - NOTES ON ACCOUNTS


1

ii) Alxc-8 q Alwar ij / r pUi M xr


Eq q luz q r aqh oM q zrU M
AoOl soi UWl M MUh zrU me M mi luz
M aD Aaq `29.40 MUQ (mNs uw `29.40
MUQ) p xqWi Mr ar W |
2

AiU- zZ
zZ slSl:

31.03.2013 iM AiU-zZ slSl M Akl xqkl


M Ezr x mkl Mrsr q mmi mur M mUpM
qsl Mr ar W | oM mur M qsl MUl ij
zw oMr mu M bOl M Aml mrx M eU UZ
UW W |
3

mUxU:
mUxU q ` 223.27 MUQ (mNs uw ` 215.70 MUQ)
M MN xmr zqs W elM xSp q oM M m
q AiUh usZ M lwmSl soi W |

ii) Investment in Subsidiaries and/or Joint Ventures


India in Schedule-8 includes `29.40 Crore
(Previous year `29.40 Crore) being advance
towards share capital in Regional Rural Banks
pending allotment of shares.
2

Inter-Branch Transactions:
The initial matching of entries received at Head
Office for the purpose of reconciliation under InterBranch transactions up to 31.03.2013 has been done.
However, Bank is continuing its efforts to reconcile
and reduce the remaining outstanding entries.

Premises:
Premises include certain properties having original
cost of `223.27 Crore (Previous year `215.70 Crore)
in respect of which conveyance deeds are pending
execution.

oM M MN xmr mlqsr Uz mU lkUi W |


mlqsrMl M xMs Uz `2310.91 MUQ (mNs uw
`2310.91 MUQ) ij lus qsrx `2033.25 MUQ
(mNs uw `2065.14 MUQ) W |
4

pUir Ueu oM M AuzrMilxU mMOMUh xok


AmL:
L:
4.1 me:

(` MUQ q)
qS
i. xAULAU (%)
ii. xAULAU-OrU I me (%)
iii. xAULAU-OrU II me (%)
iv. oM q pUi xUMU M
zrUkUh M mizi (%)
v. uw M SUl OrU II me M
eUL ah Gh M Uz
vi. uw M SUl AD m Q AD
M eU M eUL mmi Uz
vii. uw M SUl E OrU II
sZi M eU M eUL
mmi Uz

31.03.2013 31.03.2012
oxs II
oxs II
12.40
9.77
2.63

13.76
10.35
3.41

67.72

67.72

zlr

zlr

zlr

zlr

zlr

zlr

Investments:
i) The percentage of investments under Held to
Maturity category SLR as on 31.03.2013 was
21.29% of Demand and Time Liability of the
Bank (Previous year 22.67%), which is within the
permissible limit as per RBI guidelines.

Certain properties of the bank are stated at revalued


amounts. The gross amount of revaluation is
` 2310.91 Crore (Previous year `2310.91 Crore) and
net of depreciation is `2033.25 Crore (Previous year
` 2065.14 Crore).
4 Disclosure as per RBI Requirements:
4.1 Capital:
(` In Crore)
Particulars
i. CRAR (%)
ii. CRAR Tier I Capital (%)
iii. CRAR Tier II Capital (%)
iv. Percentage of Shareholding
of the Government of India
in the Bank
v. Amount of subordinated
debts raised as Tier II
Capital during the year
vi. Amount raised by issue of
IPDI during the year
vii. Amount raised by issue of
Upper Tier II instruments
during the year

144

31.03.2013 31.03.2012
Basel II
Basel II
12.40
13.76
9.77
10.35
2.63
3.41
67.72

67.72

Nil
Nil

Nil
Nil

Nil

Nil

4.2 luz:
(1) luz M qsr :
uuUh
i. luz M xMs qsr
M. pUi q
Z. pUi x oWU

(` MUQ q)
31.03.2013 31.03.2012

4.2 Investments:
(1) Value of Investments:
(` in Crore)
Particulars

121350.54 102687.33

i. Gross Value of Investments 121350.54 102687.33

120666.59 102012.58

a. In India

683.95

120666.59 102012.58

674.75

b. Outside India

683.95

674.75

217.71

629.90

121.93

481.33

95.78

148.57

ii. qsrx, Ll m AD
AU qS AxjUi (*) M sL
mukl

217.71

629.90

ii. Provisions for


Depreciation, NPI and
Exchange Fluctuation (*)

M. pUi q

121.93

481.33

a. In India

95.78

148.57

b. Outside India

Z. pUi x oWU

31.03.2013 31.03.2012

iii. luz M lus qsr

121132.83 102057.43

iii. Net Value of Investments

121132.83 102057.43

M. pUi q

120544.66 101531.25

a. In India

120544.66 101531.25

Z. pUi x oWU

588.17

526.18

b. Outside India

588.17

526.18

(*) qsrx M sL mukl- `91.83 MUQ (mNs uw `510.39


MUQ ), LlmAD sL mukl- `114.10 MUQ (mNs uw
`111.81 MUQ ) AU qS AxjUi- `11.78 MUQ (mNs
uw `7.70 MUQ )

(*) Provision for Depreciation `91.83 Crore (Previous


Year `510.39 Crore), Provision for NPI- `114.10
Crore (Previous year `111.81 Crore) and Exchange
fluctuation - `11.78 Crore (Previous year `7.70 Crore)

(2) luz mU qsrx M sL Mr ar mukl q EiUcRu:


(` MUQ q)

(2) Movement of Provisions held towards depreciation


on Investments:
(` in Crore)

uuUh
i. mUpM zw

31.03.2013 31.03.2012

Particulars

629.90

383.58

i. Opening Balance

25.77

325.07

iii. bOL: uw M SUl AiU


mukl M o Zi Qsl /
mlUMl (**)

437.96

78.75

iv. Ci zw

217.71

629.90

ii. eQ : uw M SUl olr ar


mukl (*)

(*) qsrx M sL mukl- `2.81 MUQ (mNs uw `300.49


MUQ ), LlmAD M sL mukl- `11.18 MUQ (mNs uw
`16.88 MUQ ) AU qS AxjUi - `11.78 MUQ (mNs
uw `7.70 MUQ )
(**) `423.03 MUQ (mNs uw `44.70 MUQ ) M qsrx,
`14.93 MUQ (mNs uw `34.05 MUQ ) M LlmAD M
sL AkM mukl M misZl|

145

31.03.2013 31.03.2012
629.90

383.58

ii. Add: Provisions made


during the year(*)

25.77

325.07

iii. Less: Write


back of excess provisions
during the year (**)

437.96

78.75

iv. Closing balance

217.71

629.90

(*) Provision for Depreciation of `2.81Crore (Previous


Year - `300.49 Crore), Provision for NPI of `11.18 Crore
(Previous Year - `16.88 Crore), Exchange Fluctuation
of `11.78 Crore (Previous Year - `7.70 Crore)
(**) Write back of excess provision for Depreciation of
`423.03 Crore (Previous Year - `44.70 Crore), Provision
for NPI of `14.93 Crore (Previous Year - `34.05 Crore).

4.2.1. ml: ZUS (Um) slSl:


i. oeU Um

(` MUQ q)
uw M SUl
lrliq oMr
slSl

uuUh
Um M iWi ui mipir
i) xUMU mipir
ii) laq Gh mipir
mi Um M iWi ZUS ar mipir
i) xUMU mipir
ii) laq Gh mipir

uw M SUl
AkMiq oMr
slSl

uw M SUl
miSl Axi
oMr

5.05

311.75

25.22

zlr

zlr

zlr

zlr
zlr

85.00

13063.59

3707.22

4007.63

zlr

zlr

zlr

zlr

4.2.1 Repo Transactionsi. Market REPO


Particulars

rj
31.03.2013

(`in Crore)
Minimum
outstanding
during the year

Securities sold under repo


i) Government Securities
ii) Corporate Debt Securities
Securities purchased under reverse repo
i) Government Securities
ii) Corporate Debt Securities

Maximum
outstanding
during the year

Daily Average
outstanding
during the year

5.05
NIL

311.75
NIL

25.22
NIL

NIL
NIL

85.00
NIL

13063.59
NIL

3707.22
NIL

4007.63
NIL

ii. p U oM M xj cslk xqrel xuk (LsLLT)

(` MUQ q)

uw M SUl
lrliq oMr
slSl

uuUh
Um M iWi ui mipir
i) xUMU mipir
ii) laq Gh mipir
mi Um M iWi ZUS ar mipir
i) xUMU mipir
ii) laq Gh mipir

As on
31.03.2013

uw M SUl
AkMiq oMr
slSl

uw M SUl
miSl Axi
oMr

rj
31.03.2013

100.00

8000.00

339.73

zlr

zlr

zlr

zlr

zlr

200.00

3600.00

18.36

zlr

zlr

zlr

zlr
zlr

ii. Liquidity Adjustment Facility (LAF) with RBI


(`in Crore)
Particulars

Minimum
outstanding
during the year

Maximum
outstanding
during the year

Daily Average
outstanding
during the year

As on
31.03.2013

100.00
NIL

8000.00
NIL

339.73
NIL

NIL
NIL

200.00
NIL

3600.00
NIL

18.36
NIL

NIL
NIL

Securities sold under repo


i) Government Securities
ii) Corporate Debt Securities
Securities purchased under reverse repo
i) Government Securities
ii) Corporate Debt Securities

146

4.2.2 aU-xukM cslk Almi luz xupa:

(` MUQ q)

i) aU-xukM cslk Almi luz M eUMi ulrxq:

"Mq luz
"aU-UOQ" "Axcai"
le xjl
h"
mipir M mipir M
lrel xq mipir M
xq
xq
xq

x.

eUMi

Uz

(1)

(2)

(3)

(4)

877.44

124.24

zlr

zlr

17.49

3477.31

3139.86

zlr

zlr

38.31

11147.69

8554.07

50.97

56.84

35.97

2398.25

1937.03

314.66

59.17

59.17

709.55

697.17

zlr

zlr

zlr

(vi) Alr

736.95

182.47

zlr

zlr

zlr

(vii) bOL : qsrx ij LlmAD M sL mukl

207.63

--

--

--

--

19139.56

14634.84

365.63

116.01

150.94

(i)

xuelM Emq

(ii)

ur xxjL

(iii) oM
(iv) le MmUO
Alwar / xr Eq

(v)

Ms

(5)

(6)

(7)

Msq 4,5,6, u 7 M iWi UmO M aD Uzr mUxmU Allr lW W|

4.2.2 Non-SLR Investment Portfolio:


i)

Issuer composition of Non SLR Investments:

(`in Crore)
Extent of
Extent of
Below
Private
Investment
Placement
Grade
Securities

Extent of
Unrated
Securities

Extent of
Unlisted
Securities

(6)

(7)

No.

Issuer

Amount

(1)

(2)

(3)

(4)

877.44

124.24

NIL

NIL

17.49

3477.31

3139.86

NIL

NIL

38.31

11147.69

8554.07

50.97

56.84

35.97

2398.25

1937.03

314.66

59.17

59.17

709.55

697.17

NIL

NIL

NIL

(vi) Others

736.95

182.47

NIL

NIL

NIL

(vii) Less: Provision held towards depreciation and NPI

207.63

--

--

--

--

19139.56

14634.84

365.63

116.01

150.94

(i)

PSUs

(ii)

FIs

(iii) Banks
(iv) Private Corporate
(v)

Subsidiaries/ Joint Ventures

Total

(5)

Amounts reported under columns 4,5,6 and 7 above are not mutually exclusive.

147

ii) AleM aU-xukM cslk Almi luz :

ii) Non-Performing Non SLR Investments:

(` MUQ q)

uuUh
mUpM zw
1 Ams* M oS uw M SUl
xukl
Emr Auk M SUl
MOi
Ci zw
kUi Ms mukl

(` in Crore)
Particulars
31.03.2013 31.03.2012
Opening balance
179.95
204.67
Additions during the year
79.42
29.77
since 1st April*
Reductions during the above
33.61
54.49
period
Closing balance
225.76
179.95
Total Provisions held
201.26
179.95

31.03.2013 31.03.2012
179.95
204.67
79.42
29.77
33.61

54.49

225.76
201.26

179.95
179.95

4.2.3 mUmYui iM kUi (LcOLq) ua M / x o AU AiUh :


Lc O Lq ua M / x mipir M o AU AiUh M qsr rj 01.04.2012 iM Lc O Lq ua kUi luz M oW qsr
M mc mizi x AkM lW W |
4.2.3 Sale and transfers to/from HTM Category:
The value of sale and transfers of securities to/from HTM category during the year does not exceed five percent
of the book value of the investment held in HTM category as on 01.04.2012.
4.3

urimllr:

4.3.1 urS SU MUU / ore SU ASs oSs:

(` MUQ q)
uuUh

31.03.2013 31.03.2012

i.

ulqr MUU M Msmi qskl

ii.

MUU M iWi okri M mi m U mU lW Mr el mU WD i

iii.

3186.00

3003.00

336.00

323.00

ulqr q muz mU oM U xmM M AuzrMi

zlr

zlr

iv.

ulqr x Wlus xZ eZq M xMSh

zlr

zlr

v.

ulqr oW M Eci qsr

334.03

319.32

4.3

Derivatives:

4.3.1 Forward Rate Agreement / Interest Rate Swap:

(` in Crore)

Particulars

31.03.2013 31.03.2012

i.

The notional principal of swap agreements

3186.00

3003.00

ii.

Losses which would be incurred if counter parties failed to fulfill their obligations
under the agreements

336.00

323.00

iii.

Collateral required by the Bank upon entering into swaps

NIL

NIL

iv.

Concentration of credit risk arising from the swaps

NIL

NIL

v.

The fair value of the swap book

334.03

319.32

148

(` MUQ q)

4.3.2 ulqr urmU ore SU urim :


qM

orU

Uz

(i)

uw M SUl sr ar ulqr urmU ore SU urim M Msmi qskl M Uz


(sZi-uU)

(ii)

rj 31 qc 2013 M ulqr urmU ore SU urim M Msmi qskl Uz


(sZi-uU)

(iii)

ulqr urmU ore SU urim oMr M Msmi qskl Uz ij "erS mpu" lW


(sZi-uU)

zlr

(iv)

ulqr urmU ore SU urim oMr M SlM oeU qsr ij "erS mpu" lW
(sZi-uU)

zlr

zlr
zlr

4.3.2 Exchange Traded Interest Rate Derivatives


(` in Crore)
Sl.No.

Particulars

Amount

(i)

Notional principal amount of exchange traded interest rate derivatives undertaken during the
year (instrument-wise)

NIL

(ii)

Notional principal amount of exchange traded interest rate derivatives outstanding as on 31st
March 2013 (instrument-wise)

NIL

(iii)

Notional principal amount of exchange traded interest rate derivatives outstanding and not
highly effective (instrument- wise)

NIL

(iv)

Mark-to-market value of exchange traded interest rate derivatives outstanding and not
highly effective (instrument-wise)

NIL

4.3.3 urim q e
eZq xq xok mMOMUh:

4.3.3 Disclosure on risk exposure in derivatives:

ahiqM mMOMUh
oM M Axir / SriA M ocu uruxj M sL urim
sZi M Emra xok q lSzM qQs U AlqSi
UeMw eZq mokl li W |

I Qualitative Disclosure
The Treasury Risk Management Policy for using Derivative
Instruments to hedge banks Assets/Liabilities has been
approved by the Board of Directors.

M) oM M luz xupa q xjU ore SU, eU Mml AU


Axjr ore SU ex uzwiA us Axir lWi
W AU rW ore SU eZq M Akl W | oM M mx
OrU II oQ p W AU rW me sai xjU SU mU W
AU Cxq oWaql uMsm lW W | rW li Cx Sri
mU ore SU x xoki eZq x ocu M p Alqi
Si W |
l Mus luz xupa q osM oeU lqh q p ore
SU eZq x ocu M sL oM M urS SU MUU (LT
AU L) AU ore SU xum (ASs-oSs) (AD AU Lx)
AU osMs xS (msl uls) MUoU M mra MUl
M Alqi W |

149

A. The Investment Portfolio of the Bank consists of


assets with characteristics such as fixed interest rate,
zero coupon and floating interest rates and is subject
to interest rate risk. The Bank also has Tier II bonds
hedged for interest rate swaps which do not have
exit options. The policy permits hedging the interest
rate risk on this liability as well.
Bank is permitted to use FRA and IRS (only plain vanilla
transactions are permitted). These instruments are
used not only for hedging the interest rate risk in the
investment portfolio but also for market making.

uSz qS SriA x xoki eZq x ocu M Ezr


x oM urS SU MUU (LT AU L) AU ore SU xum
(ASs-oSs) (AD AU Lx) ex urim M mra MU
UW W | mUxmU qS M AkU mU WqU aWM M AU x
uMsm AU xum M p mra Mr e UW W | oM U
oM Ua uMsm mUp MUl oM W |
uw M SUl oM l luz xupa M ore SU ASsoSs (ADAULx) q urim M mra lW Mr W AU
urmU ASs-oSs/qS urim/urS SU MUU p lW
ML|
Z) oQ U AlqSi eZq mokl lir AU mqZ
lrh xqL ex xOm sx xqL, mim eZq
xqL, m u 01, AS Mrzs W | Cl eZq xqA
M lrqi m x laUl AU xq M ei W |
eZq mokl xqi M mok xcl mhs / UmO
AukM m x mxii M ei W | oMr urim uruWU
M ocu uruxj M mpuzsi M lUiU AkU mU
AilWi Axi /Sri M xok q laUl M ei W |
a) sZMl li
ocu uruxj M xji

ore urr M Emcr / ore SU xum (AD AU Lx) mU


Ar M Uexu Zi q ql ei W |

oMr urim Mr M laUl ASs-oSs AU


AilWi Axi / Sri M Eci qsr M xok q ocu
uruxj uruWU M U M ei W | oM LTADLqLqQL
qsrMl mi Aji e LxDx miTs ij MmUO
qQs M Amli WL ASs-oSs AU AilWi Axi
/ Sri M Eci qsr M lkUh MUi W | AaU ocu
mpuMU lW Wi W i ocu ASs-oSs M OQa
ASs-oSs M m q sr ei W | rS mUmYui x
mu xum M xqmi MU Sr ei W i Ex iUZ iM
Lq O Lq Wl / sp AU Emcr M ore SU xum
(ASs-oSs) (AD AU Lx) mU pail M aD / mmi
ore M iWi sZMl Mr ei W |

OQa M xji
xqlr AiUs q OQa xum M oeU mU AMi
Mr ei W AU Ar uuUh q mUuil M UMQ
Mr ei W |

ore urr M Emcr / ore SU xum (AD AU Lx) mU


Ar M urr / Ar ql ei W |

xum M xqmi mU sp r Wl M E zwM M iWi


iiMs Ar r urr M m q UMQ Mr ei W |

Bank has been undertaking derivatives trades like IRS,


FRAs, etc for the purpose of hedging Foreign Currency
liabilities. Options and Swaps are also undertaken on
behalf of clients on back to back basis. The Bank is yet
to start Option book running.
During the year Bank has not undertaken derivative
trades in Interest Rate
Swaps (IRS) of the
Investment Portfolio and Trading Swaps / Currency
Derivative / Forward Rate Agreements (FRA) were
also not undertaken.
B. The risk management policies and major control
limits like stop loss limits, counterparty exposure
limits, PV01, etc. approved by the Board of Directors
are in place. These risk limits are monitored and
reviewed regularly. MIS/Reports are submitted
periodically to Risk Management Committee. The
hedge effectiveness of the outstanding derivative
deals are monitored in relation to the underlying
asset/liability on an ongoing basis.
C. Accounting Policy
Hedge Positions

Accrual on account of interest expenses/ income on


the IRS are accounted and recognized as expense/
income.

Hedge effectiveness of the outstanding derivative


deals are monitored in relation to the fair value of
the swap and underlying asset/liability. Bank has
used the FIMMDA pricing method i.e. relevant G SEC
yield + corporate bonds spread for arriving at the
fair value of the underlying Asset/ Liability. If the
hedge is not effective, hedge swaps is accounted as
trading swaps. If swap is terminated before maturity,
the MTM loss / gain and accruals till such date are
accounted as expense/income under Interest Paid /
received on IRS.

Trading Positions

Trading swaps are marked to market at frequent


intervals and changes are
recorded in the income
statements.

Accrual on account of interest expenses/ income on


the IRS are accounted and recognized as expense /
income.

Gains or losses on termination of swaps are recorded


as immediate income or expense under the above
head.

150

II

mUqhiqM mMOMUh

. x.
1

(` MUQ q)

uuUh

qS urim

urim (Msmi qskl Uz)


- ocu uruxj

486.00

3086.00

zlr

100.00

57.00

336.00

- SriL (-)

zlr

(1.97)

Gh eZq

zlr

- OQa
2

oeU xjir M AMi


- Axir (+)

ore SU urim

bUs

xqSmUr

qS
urim

ore SU
urim

qS
urim

ore SU
urim

- ocu uruxj urimr mU

zlr

zlr

(7.00)

109.00

- OQa urimr mU

zlr

0.0166

zlr

zlr

- ocu uruxj urimr mU

zlr

zlr

-12,-7

137,109

- OQa urimr mU

zlr

0.0255/0.0161

zlr

zlr

ore SU q LM mizi mUuil M xqlr


mpu [100* mu01]-

uw M SUl mL aL AkMiq u lrliq


100* mu01

urS xuS [100%mu01] M iWi oMr xji mU ulqr SU q LM mizi mUuil M xqlr mpu : `3.78 MUQ
M sp

151

II

Quantitative disclosure
(` in Crore)
Sl.
No.

Particulars

Derivatives (Notional principal amount)

Currency Derivatives

- Hedging

486.00

3086.00

NIL

100.00

57.00

336.00

- Liabilities (-)

NIL

(1.97)

Credit Exposure

NIL

- Trading
2

Marked to Market positions


- Assets (+)

Interest Rate Derivatives

Domestic

Overseas

Currency
Derivative

Interest Rate
Derivatives

Currency
Derivative

Interest Rate
Derivatives

- on hedging derivatives

NIL

NIL

(7.00)

109.00

- on trading derivatives

NIL

0.0166

NIL

NIL

- on hedging

NIL

NIL

-12,-7

137,109

- on trading

NIL

0.0255/0.0161

NIL

NIL

Likely impact of one percentage change


in interest rate [100*PV01]

Maximum and minimum of 100*PV01


observed during the year.

Likely impact of one percentage change in exchange rate on outstanding position under forward contract
[100%PV01]: Gain of `3.78 crore.

152

4.4

Axi ahu:

4.4.1 AleM Axir:

(` MUQ q)
uuUh

(i)
(ii)
M.
Z.
a.
b.
(iii)
M.
Z.
a.
b.
(iv)
M.
Z.
a.
b.
X.
4.4

31.03.2013 31.03.2012

lus Aaq mU lus LlmL (%)


LlmL M EiU- cRu (xMs)
mUpM zw
uw M SUl xukl
uw M SUl Mq
Ci zw
lus LlmL M EiU-cRu
mUpM zw
uw M SUl xukl
uw M SUl Mq
Ci zw
LlmL Wi mukl M EiU-cRu (qlM Axi xok mukl M NQMU)
mUpM zw
ulqr EiU-cRu ij Alr M sL mukl
uw M SUl Mr ar mukl
o Zi q Qsl / AkM mukl umx MUl
Ci zw

2.18

1.46

4031.75
5819.30
3590.89
6260.16

3137.36
4589.84
3695.45
4031.75

3386.31
5819.30
3927.54
5278.07

2329.91
4589.84
3533.44
3386.31

598.56
8.67
1860.99
1535.26
932.96

756.03
8.28
1294.06
1459.81
598.56

Asset Quality:

4.4.1 Non-Performing Assets:


(` in Crore)
Particulars
(i)
(ii)
a.
b.
c.
d.
(iii)
a.
b.
c.
d.
(iv)
a.
b.
c.
d.
e.

31.03.2013 31.03.2012

Net NPAs to Net Advances (%)


Movement of NPAs (Gross)
Opening balance
Additions during the year
Reductions during the year
Closing balance
Movement of Net NPAs
Opening balance
Additions during the year
Reductions during the year
Closing balance
Movement of provisions for NPAs (excluding Provision on Standard Assets)
Opening balance
Adjustment towards Exchange Fluctuation & others
Provisions made during the year
Write off / (Write back) of excess provision
Closing balance

153

2.18

1.46

4031.75
5819.30
3590.89
6260.16

3137.36
4589.84
3695.45
4031.75

3386.31
5819.30
3927.54
5278.07

2329.91
4589.84
3533.44
3386.31

598.56
8.67
1860.99
1535.26
932.96

756.03
8.28
1294.06
1459.81
598.56

4.4.2

qM

ml: xUci Zi M uuUh:

(` MUQ q)

ml:xUcl M mMU
Axi uaMUh
uuUh
rj ur uw
M 01 Ams M
ml:xUcl Zi
(mUpM AMQ)

uw M SUl lD
ml:xUcl

ur uw M SUl
ml:xUci qlM
h M xiUrl

EkUMiA M
xZr

ur uw M SUl
o Zi Qs aL
ml:xUci Zi

ur uw M 31
qc M ml:xUcl
Zi (Ci AMQ)

qlM

AuqlM

xSak

LxLqD Gh ml:xUcl i M iWi


Wl

Ms

26

oMr Uz

2025.81

77.66

133.03

iSxok
mukl

175.89

11.65

53.48

237.69

40

oMr Uz

2016.87

34.14

iSxok
mukl

160.83

AuqlM

xSak

Wl

Ms

990

1400

237.69 2474.19

193.73

17.76

120.12 45.17 376.79

478.71

9.49

2.78

48.86 45.17 106.30

43

696

33

17

29.45

0.00 2080.45

358.75

83.63

1.00

0.05 443.42

8.82

23.35

0.00

193.00

12.17

12.85

0.44

0.05

25.51

-3

612

-224

-65

-323

oMr Uz

0.00

0.00

238.42

-238.42

0.00

11.31

-9.24

-0.77 -1.29

0.00

iSxok
mukl

0.00

0.00

217.87

0.00

217.87

0.31

0.00

0.00

0.00

0.31

-3

-3

-278

-278

-218.11

0.00

0.00

0.00 -218.11

-64.07

0.00

0.00

0.00 -64.07

1.17

0.00

0.00

0.00

1.17

2.36

0.00

0.00

0.00

2.36

-4

-233

230

-195.65

195.65

0.00

0.00

0.00

-31.31

29.57

1.74

0.00

0.00

0.00

32.39

0.00

0.00

32.39

0.00

5.56

1.74

0.00

7.30

166

567

390

1127

oMr Uz

0.00

0.00

0.00

0.00

0.00

0.000

0.000

0.000 0.000

0.00

iSxok
mukl

0.00

0.00

0.00

0.00

0.00

0.00

0.00

69

10

82

1297

1393

oMr Uz

3511.34

224.32

480.77

0.00 4216.42

479.14

109.08

118.91 51.75 758.88

iSxok
mukl

408.07

37.35

400.52

0.00

19.30

17.35

59.32 51.75 147.72

EkUMiA M
xZr

EkUMiA M
xZr

EkUMiA M
xZr
oMr Uz
iSxok
mukl
EkUMiA M
xZr

EkUMiA M
xZr

154

qlM

34

ur uw M
EkUMiA M
xqmi mU EiU
xZr
muklMUh ij
oMr Uz
/ r AiU
eZq pU AMwi
MUlus ml:xUci
qlM Aaq M
iSxok
Aas ur uw
mukl
q ml: xUci
qlM Aaq M
m q SZl M
AuzrMi lW W
ur uw M SUl
ml:xUci Zi M
Aulrl

xQAU i M iWi

845.94

4281 3189

0.00

9860

752

0.00

0.00

3920 2592

9202

4.4.2

Particulars of Accounts Restructured:


(` in Crore)
TYPE OF RESTRUCTURING

Sl.
No.

ASSET CLASSIFICATION
DETAILS

RESTRUCTURE
ACCOUNTS AS
ON APRIL 1 OF
FY(OPENING
FIGURES)

NO OF
BORROWERS

UPGRADATIONS
TO RESTRUCTURED
STANDARD
CATEGORY DURING
THE FY
RESTRUCTURED
STANDARD
ADVANCES
WHICH CEASE TO
ATTRACT HIGHER
PROVISIONING
AND/OR
ADDITIONAL RISK
WEIGHT AT THE
END OF THE FY
AND HENCE NEED
NOT TO BE SHOWN
AS RESTRUCTURED
STANDARD
ADVANCES AT THE
BEGINNING OF THE
NEXT FY

DOUBTFUL

LOSS

TOTAL

STANDARD

SUB
STANDARD

DOUBTFUL

LOSS

TOTAL

34

990

1400

4281

3189

9860

AMOUNT
OUTSTANDING

2025.81

77.66

133.03

237.69

2474.19

193.73

17.76

120.12

45.17

376.79

PROVISION
THEREON

175.89

11.65

53.48

237.69

478.71

9.49

2.78

48.86

45.17

106.30

40

43

696

33

17

752

AMOUNT
OUTSTANDING

2016.87

34.14

29.45

0.00

2080.45

358.75

83.63

1.00

0.05

443.42

PROVISION
THEREON

160.83

8.82

23.35

0.00

193.00

12.17

12.85

0.44

0.05

25.51

-3

612

-224

-65

-323

AMOUNT
OUTSTANDING

0.00

0.00

238.42

-238.42

0.00

11.31

-9.24

-0.77

-1.29

0.00

PROVISION
THEREON

0.00

0.00

217.87

0.00

217.87

0.31

0.00

0.00

0.00

0.31

-3

-3

-278

-278

-218.11

0.00

0.00

0.00

-218.11

-64.07

0.00

0.00

0.00

-64.07

1.17

0.00

0.00

0.00

1.17

2.36

0.00

0.00

0.00

2.36

-4

-233

230

-195.65

195.65

0.00

0.00

0.00

-31.31

29.57

1.74

0.00

0.00

0.00

32.39

0.00

0.00

32.39

0.00

5.56

1.74

0.00

7.30

166

567

390

1127

0.00

0.00

0.00

0.00

0.00

0.000

0.000

0.000

0.000

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

69

10

82

1297

1393

3920

2592

9202

AMOUNT
OUTSTANDING

3511.34

224.32

480.77

0.00

4216.42

479.14

109.08

118.91

51.75

758.88

PROVISION
THEREON

408.07

37.35

400.52

0.00

845.94

19.30

17.35

59.32

51.75

147.72

NO OF
BORROWERS

NO OF
BORROWERS
AMOUNT
OUTSTANDING

PROVISION
THEREON

DOWNGRADATIONS
OF RESTRUCTURED
AMOUNT
ACCOUNTS DURING OUTSTANDING
THE FY
PROVISION
THEREON
NO OF
BORROWERS
WRITE OFFs OF
RESTRUCTURED
AMOUNT
ACCOUNTS DURING OUTSTANDING
THE FY
PROVISION
THEREON
RESTRUCTURED
ACCOUNTS AS
ON MARCH 31 OF
THE FY (CLOSING
FIGURES)

SUB
STANDARD
3

NO OF
BORROWERS

STANDARD

UNDER SME DEBT RESTRUCTURING MECHANISM

26

NO OF
BORROWERS
FRESH
RESTRUCTURING
DURING THE YEAR

UNDER CDR MECHANISM

NO OF
BORROWERS

155

(` MUQ q)

qM

ml:xUcl M mMU
Axi uaMUh

Axi
uaMUh

uuUh

rj ur uw M 01
Ams M ml:xUcl
Zi (mUpM AMQ)

uw M SUl lD
ml:xUcl

ur uw M SUl
ml:xUci qlM h
M xiUrl

EkUMiA M
xZr

ur uw M SUl
o Zi Qs aL
ml:xUci Zi

qlM

AuqlM

Alr
xSak

Wl

Ms

qlM

AuqlM

xSak

Wl

3455

1234

2276

1226

8191

4471

2637

6560

4417

18085

oMr Uz

3826.82

296.09

350.55

82.02

4555.48

6046.36

391.51

603.70

364.89

7406.47

iSxok
mukl

216.34

46.98

141.01

82.02

486.36

401.72

61.42

243.35

364.89

1071.37

3171

166

49

21

3407

3907

201

67

27

4202

13522.04

874.90

89.26

10.90 14497.10

EkUMiA M
xZr
oMr Uz

11146.42

757.21

58.74

10.85 11973.22

iSxok
mukl

94.85

122.40

39.58

10.85

267.68

267.85

144.07

63.37

10.90

486.19

EkUMiA M
xZr

1277

-1277

269

-269

1889

-1501

207

-595

oMr Uz

34.29

-34.29

36.73 -36.73

0.00

45.60

-43.53

274.38 -276.44

0.00

iSxok
mukl

0.94

0.00

14.69

0.00

15.63

1.25

0.00

232.56

0.00

233.81

-429

-429

-710

-710

-371.23

0.00

0.00

0.00

-371.23

-653.40

0.00

0.00

0.00

-653.40

10.49

0.00

0.00

0.00

10.49

14.02

0.00

0.00

0.00

14.02

-600

138

311

151

-837

364

314

151

-187.52

88.68

82.00

16.84

0.00

-414.47

313.89

83.74

16.84

0.00

0.00

16.96

82.00

16.84

115.80

0.00

54.91

83.74

16.84

155.49

13

37

102

75

227

17

203

669

465

1354

oMr Uz

0.09

0.01

0.00

0.02

0.12

0.09

0.01

0.00

0.02

0.12

iSxok
mukl

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

5812

1472

2362

917

10563

7178

2868

6292

3509

19847

14191.29

1052.16

719.05 195.62 16158.11

18181.77

1385.55

1318.71

574.24

180.06

1001.61

234.76

891.08

ur uw M
EkUMiA M
xqmi mU EiU
xZr
muklMUh ij /
oMr Uz
r AiU eZq
pU AMwi MUlus
ml:xUci qlM
Aaq M Aas
iSxok
ur uw q ml:
mukl
xUci qlM Aaq
M m q SZl M
AuzrMi lW W
ur uw M SUl
ml:xUci Zi M
Aulrl

ml:xUcl M mMU

EkUMiA M
xZr
oMr Uz
iSxok
mukl
EkUMiA M
xZr

EkUMiA M
xZr
ur uw M 31 qc
M ml:xUcl Zi
oMr Uz
(Ci AMQ)
iSxok
mukl

431.24 195.62

1381.16

uai AcUh M AlxU ml:xUci qlM Aaq M xok q lkai ore xuk Gh M Ar M m q ql ar W ij iSlxU Zi q lmOr ar W |

156

247.37 21133.41
247.37

2374.82

(` in Crore)
TYPE OF RESTRUCTURING
Sl.
No.

ASSET CLASSIFICATION
DETAILS

NO OF
BORROWERS
RESTRUCTURE
ACCOUNTS AS
AMOUNT
ON APRIL 1 OF
OUTSTANDING
FY(OPENING FIGURES)
PROVISION
THEREON

FRESH
RESTRUCTURING
DURING THE YEAR

RESTRUCTURED
ACCOUNTS AS ON
MARCH 31 OF THE FY
(CLOSING FIGURES)

TOTAL

STANDARD

SUB
STANDARD

DOUBTFUL

LOSS

TOTAL

1226

8191

4471

2637

6560

4417

18085

3826.82

296.09

350.55

82.02

4555.48

6046.36

391.51

603.70

364.89

7406.47

216.34

46.98

141.01

82.02

486.36

401.72

61.42

243.35

364.89

1071.37

3171

166

49

21

3407

3907

201

67

27

4202

11146.42

757.21

58.74

10.85 11973.22

13522.04

874.90

89.26

10.90 14497.10

94.85

122.40

39.58

10.85

267.68

267.85

144.07

63.37

10.90

486.19

1277

-1277

269

-269

1889

-1501

207

-595

34.29

-34.29

36.73

-36.73

0.00

45.60

-43.53

274.38

-276.44

0.00

0.94

0.00

14.69

0.00

15.63

1.25

0.00

232.56

0.00

233.81

-429

-429

-710

-710

-371.23

0.00

0.00

0.00

-371.23

-653.40

0.00

0.00

0.00

-653.40

10.49

0.00

0.00

0.00

10.49

14.02

0.00

0.00

0.00

14.02

-600

138

311

151

-837

364

314

151

-187.52

88.68

82.00

16.84

0.00

-414.47

313.89

83.74

16.84

0.00

0.00

16.96

82.00

16.84

115.80

0.00

54.91

83.74

16.84

155.49

13

37

102

75

227

17

203

669

465

1354

AMOUNT
OUTSTANDING

0.09

0.01

0.00

0.02

0.12

0.09

0.01

0.00

0.02

0.12

PROVISION
THEREON

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

NO OF
BORROWERS

5812

1472

2362

917

10563

7178

2868

6292

3509

19847

14191.29

1052.16

719.05 195.62 16158.11

18181.77

1385.55

1318.71

574.24

180.06

1001.61

234.76

891.08

AMOUNT
OUTSTANDING

RESTRUCTURED
NO OF
STANDARD ADVANCES BORROWERS
WHICH CEASE TO
AMOUNT
ATTRACT HIGHER
PROVISIONING AND/ OUTSTANDING
OR ADDITIONAL RISK
WEIGHT AT THE END
OF THE FY
AND HENCE NEED
PROVISION
NOT TO BE SHOWN
THEREON
AS RESTRUCTURED
STANDARD ADVANCES
AT THE BEGINNING OF
THE NEXT FY

WRITE OFFs OF
RESTRUCTURED
ACCOUNTS DURING
THE FY

LOSS

2276

NO OF
BORROWERS
UPGRADATIONS
TO RESTRUCTURED
AMOUNT
STANDARD CATEGORY OUTSTANDING
DURING THE FY
PROVISION
THEREON

DOWNGRADATIONS
OF RESTRUCTURED
ACCOUNTS DURING
THE FY

SUB
DOUBTFUL
STANDARD
1234

PROVISION
THEREON

STANDARD

TOTAL

3455

NO OF
BORROWERS
2

OTHERS

NO OF
BORROWERS
AMOUNT
OUTSTANDING
PROVISION
THEREON
NO OF
BORROWERS

AMOUNT
OUTSTANDING
PROVISION
THEREON

431.24 195.62

1381.16

247.37 21133.41
247.37

2374.82

As per the past practice the Funded Interest Term Loan in respect of Restructured Standard Advances is recognized as Income and dealt accordingly in the accounts.

157

4.4.3 Axi ml:xUcl M sL Mml mipiMUh / Mml


ml:xUcl M oc aD ur Axir M uuUh:

4.4.3 Details of financial assets sold to Securitization /


Reconstruction Company for Asset Reconstruction:

(` MUQ q)

(` In Crore)

uuUh
i.

Zi M xZr

Particulars

31.03.2013 31.03.2012
zlr

zlr

i.

31.03.2013 31.03.2012

No. of accounts

NIL

NIL

NA

NA

ii. Lxx / AUx M oc ar


Zi M xqa qsr (lus
mukl)

sa lW

sa lW

ii. Aggregate value (net of


provisions) of accounts
sold to SC/RC

iii. xqa miTs

sa lW

sa lW

iii. Aggregate consideration

NA

NA

sa lW

iv. Additional consideration


realized in respect of
accounts transferred in
earlier years

NA

NA

NA

NA

iv. mu M uw q AiUi
Zi M xok q uxs
Mr ar AiU
miTs
v.

lus oW qsr mU
xqa sp

sa lW

v.
sa lW

sa lW

Aggregate Gain over Net


Book Value

4.4.4 ZUS / oc aD AleM ur Axir M uuUh:

4.4.4 Details of non-performing


purchased / sold:

financial

assets

M)

A.

financial

assets

ZUS aD AleM ur Axir M uuUh

(` MUQ q)
uuUh
1

M. uw M SUl
ZUS ar Zi
M xZr
Z. xqa
miTs

2. M. Elq x uw M
SUl mlxUclMi
Zi M xZr
Z. xqa oMr

zlr

sa lW

sa lW

sa lW

sa lW

sa lW

sa lW

non-performing

(` In Crore)

31.03.2013 31.03.2012
zlr

Details of
purchased

Particulars
1

a. No. of accounts
purchased during
the year

NIL

NIL

b. Aggregate
consideration

NA

NA

NA

NA

NA

NA

2. a. Of these, number of
accounts restructured
during the year
b. Aggregate outstanding

158

31.03.2013 31.03.2012

Z)

oc ar AleM ur Axir M uuUh:

B.

Details of non-performing financial assets sold


(` In Crore)

(` MUQ q)
uuUh

Particulars
31.03.2013 31.03.2012

oc ar Zi M xZr

zlr

zlr

ii. xqa oMr

sa lW

sa lW

iii. mmi xqa miTs

sa lW

sa lW

i.

4.4.5

qlM Axi xok mukl:


uuUh

qlM Axir mU
mukl

4.5

No. of accounts sold

NIL

NIL

ii. Aggregate outstanding

NA

NA

iii. Aggregate consideration


received

NA

NA

4.4.5 Provisions on Standard Asset:


(` In Crore)

(` MUQ q)
Particulars

31.03.2013 31.03.2012
1214.70

958.00

Provisions towards Standard


Assets

4.5

MUoU xok Almi:


uuUh

i.

31.03.2013 31.03.2012

31.03.2013 31.03.2012

31.03.2013 31.03.2012
1214.70

958.00

Business Ratios:
Particulars

31.03.2013 31.03.2012

i. Mrzs lk M
mizi M m q ore
Ar (%)

9.05

8.94

i. Interest income as a
percentage to Working
Funds (%)

9.05

8.94

ii. Mrzs lk M
mizi M m q aU-ore
Ar (%)

0.84

0.85

ii. Non-interest income as


a percentage to Working
Funds (%)

0.84

0.85

iii. Mrzs lk M
mizi M m q
mUcsliqM sp (%)

1.56

1.72

iii. Operating Profit as a


percentage to Working
Funds (%)

1.56

1.72

iv. Axir mU miTs (%)

0.77

0.95

iv. Return on Assets (%)

0.77

0.95

1420.17

1374.36

1420.17

1374.36

6.96

8.21

6.96

8.21

v. mi MqcU MUoU (eq


ij Aaq M qsMU)
[` sZ q]
vi. mi MqcU sp
[` sZ q]

159

v. Business (Deposits plus


Advances) per employee
[` in lakhs]
vi. Profit per employee
[` in lakhs]

4.6 Axi Sri mokl:


Axi ij Sri M MNM qS M mUmYui xum:
uuUh
1 Sl
2 x 07 Sl iM
8 x 14 Sl iM
15 x 28 Sl iM
29 Sl x 3 qWl iM
3 qWl x 6 qWl iM
6 qWl x 1 uw iM
1 uw x 3 uw iM
3 uw x 5 uw iM
5 uw x FmU
Ms

eq

Aaq

luz

EkU

4466.37
5408.33
306.94
(3270.80)
(8634.02)
(350.60)
12222.48
6689.13
873.88
(8130.43)
(7488.81)
(3058.59)
6777.22
7203.89
528.41
(4190.14)
(7209.16)
(910.01)
6040.14
9021.95
2072.29
(4246.87)
(7027.99)
(1967.46)
43194.53
22667.97
8987.10
(34055.81)
(26996.74)
(6485.29)
21281.43
20930.30
1557.68
(29491.45)
(21003.96)
(983.46)
79823.87
39728.83
1613.55
(93106.69)
(32222.77)
(1550.50)
57729.47
65415.73
7672.61
(47384.82)
(57403.00)
(3715.24)
48627.36
23289.20
18699.15
(37999.89)
(24790.81)
(12838.05)
75693.12
42358.29
78821.22
(65176.83)
(39712.56)
(70198.22)
355855.99
242176.62
121132.83
(327053.73) (232489.82) (102057.42)

3054.28
(0.00)
108.57
(0.00)
604.42
(0.00)
911.33
(518.06)
2149.52
(1613.22)
1184.59
(1286.06)
1223.99
(25.68)
2199.87
(2511.14)
4932.20
(4956.62)
3914.60
(4614.60)
20283.37
(15525.39)

uSz qS
Axir
842.73
(772.15)
1643.77
(1505.11)
1208.98
(542.31)
2304.91
(876.17)
6722.40
(5994.81)
5074.75
(4447.25)
2793.29
(911.19)
1380.99
(1175.59)
1565.29
(1143.07)
1812.29
(1954.50)
25349.40
(19322.15)

(` MUQ q)
uSz qS
SriL
336.14
(510.26)
555.29
(940.26)
1107.81
(231.77)
2600.56
(1222.59)
8136.31
(5976.22)
4219.36
(3819.34)
2758.16
(1251.56)
642.87
(1504.31)
3789.62
(3107.84)
1203.28
(758.00)
25349.40
(19322.15)

(mNs uw x xoki AMQ MM q S aD W)


(rj mokl U xMsi u mqhMi ij sZ mUM U Ai)
4.6 Asset Liability Management:
Maturity pattern of certain items of assets and liabilities:
Particulars
1 day
2 to 7 days
8 to 14 days
15 to 28 days
29 days to 3 months
3 months to 6 months
6 months to 1 year
1 year to 3 years
3 years to 5 years
Over 5 years
Total

Deposits

Advances

Investments

4466.37
5408.33
306.94
(3270.80)
(8634.02)
(350.60)
12222.48
6689.13
873.88
(8130.43)
(7488.81)
(3058.59)
6777.22
7203.89
528.41
(4190.14)
(7209.16)
(910.01)
6040.14
9021.95
2072.29
(4246.87)
(7027.99)
(1967.46)
43194.53
22667.97
8987.10
(34055.81)
(26996.74)
(6485.29)
21281.43
20930.30
1557.68
(29491.45)
(21003.96)
(983.46)
79823.87
39728.83
1613.55
(93106.69)
(32222.77)
(1550.50)
57729.47
65415.73
7672.61
(47384.82)
(57403.00)
(3715.24)
48627.36
23289.20
18699.15
(37999.89)
(24790.81)
(12838.05)
75693.12
42358.29
78821.22
(65176.83)
(39712.56)
(70198.22)
355855.99
242176.62
121132.83
(327053.73) (232489.82) (102057.42)

Borrowings
3054.28
(0.00)
108.57
(0.00)
604.42
(0.00)
911.33
(518.06)
2149.52
(1613.22)
1184.59
(1286.06)
1223.99
(25.68)
2199.87
(2511.14)
4932.20
(4956.62)
3914.60
(4614.60)
20283.37
(15525.39)

(Figures in brackets relate to previous year)


(As compiled and certified by the management and relied upon by the auditors)

160

(` in Crore)
Foreign Currency Foreign Currency
Assets
Liabilities
842.73
336.14
(772.15)
(510.26)
1643.77
555.29
(1505.11)
(940.26)
1208.98
1107.81
(542.31)
(231.77)
2304.91
2600.56
(876.17)
(1222.59)
6722.40
8136.31
(5994.81)
(5976.22)
5074.75
4219.36
(4447.25)
(3819.34)
2793.29
2758.16
(911.19)
(1251.56)
1380.99
642.87
(1175.59)
(1504.31)
1565.29
3789.62
(1143.07)
(3107.84)
1812.29
1203.28
(1954.50)
(758.00)
25349.40
25349.40
(19322.15)
(19322.15)

4.7
Gh eZq:
4.7.1 xjuU xmS q Gh eZq:

(` MUQ q)
h

M)

31.03.2013 31.03.2012

mir Gh eZq

11324.69

10081.75

Auxr okM
- Auxr xmii M okM U Gh mh m x xUi W e EkUMi U ApaWi Mr eLa
r MUL mU SL aL W |

9705.36

8204.55

- elq x urai Aux Gh e mjqMi Aaq q zqs ML el M sL AW W

6175.52

6563.64

(ii) uherM xjuU xmS


- uherM xjuU xmS mU okM M U xUi EkU (Mrsr pul, UOs xmx, oW Ezr
uherM mUxU, oW mUuU lux pul, AaM r urUWEx xjl, WOs, pq Ael, uMx
u xUcl AS)| eZq q aU-lk AkUi xq p zqs W|

1617.88

1875.12

1.45

2.08

1.45

2.08

NIL

NIL

Amir Gh eZq

4445.53

7603.28

Ur Aux oM (LlLco) ij Aux u Mmlr (LcLTx) xok lk AkUi ij aU


lk AkUi Gh eZq

4445.53

7603.28

15770.22

17685.03

(iii) okM xqji mipi (LqoLx) q luz ij Alr mipi Gh eZq


M. Auxr
Z. uherM xjuU xmS
b)

xjuU xmS M Ms Gh eZq


(rj mokl U xMsi u mqhMi ij sZ mUM U Ai)

4.7 Exposures:
4.7.1 Exposure to Real Estate Sector:
Category
Direct Exposure
Residential Mortgages
- lending fully secured by Mortgages on residential property that is or will be occupied
by the borrower or that is rented
- Of which, individual Housing Loans eligible for inclusion in priority sector advances
(ii) Commercial Real Estate
- Lending secured by mortgages on commercial real estates (office buildings, retail
space, multi-purpose commercial premises, multi-family residential buildings, multitenanted commercial premises, industrial or warehouse space, hotels, land acquisition,
development and construction, etc). Exposure also include non-fund based (NFB) limits.
(iii) Investments in Mortgage Backed Securities (MBS) and other securitized exposures a. Residential
b. Commercial Real Estate
b) Indirect Exposure
Fund based and non-fund based exposures on National Housing Bank (NHB) and Housing
Finance Companies (HFCs)
Total Exposure to Real Estate Sector
a)
(i)

(As compiled and certified by the management and relied upon by the auditors)

161

(` in Crore)
31.03.2013 31.03.2012
11324.69 10081.75
9705.36
8204.55

6175.52
1617.88

6563.64
1875.12

1.45
1.45
NIL
4445.53
4445.53

2.08
2.08
NIL
7603.28
7603.28

15770.22

17685.03

4.7.2 me oeU q Gh eZq:

(` MUQ q)
uuUh

31.03.2013

31.03.2012

i.

DYuO zrU, mUuilr okm, mUuilr QocU AU DYuO ElqZ mUxmU lkr q
mir luz exM AUpM lk lii m x laq Gh q lu lW M aD

1119.57

1102.99

ii.

zrU / oQ / QocU r Alr mipir M Lue q r oeqli AkU mU zrU


(ADmA/DLxmA xWi), mUuilr oQ, mUuilr QocU ij qrcAs TQ ElqZ
DYuO CMDr q luz Wi urr M Sr ar Aaq

zlr

zlr

iii.

Mx Alr mrel M sL Aaq eW zrU r mUuilr okm r mUuilr QocU


r DYuO ElqZ mUxmU lkr M rlO M mjqM mipi M m q sr ar W |

1063.88

829.80

iv.

Aaq r mUuilr okm r mUuilr DYuO ElqZ mUxmU lk M rlO M


xmM mipi U mipi Mr el iM Mx Alr mrel M sL Aaq rl
zrU / mrel oQ / mUuilr QocU / DYuO ElqZ mUxmU lkr M rlO M
NQMU mjqM mipi Aaq M mhir muUi lW MUi |

zlr

150.00

v.

xOM oMU M mipi AU Amipi Aaq AU xOM oMU ij umh lqiA M


m q lai aUOr

859.88

1346.49

vi.

xi M LMi MUl M mirz q lD Mmlr q DYuO MUl M sL mreM M


AzSl mU MUl M sL zrU / oQ / QocU r Alr mipir M mipi M Lue
q r ozir MmUO M xuMi Aaq |

zlr

zlr

vii.

mirzi DYuO muW / CvrA M Lue q Mmlr M mUM Gh |

zlr

zlr

viii

zrU r mUuilr okm r mUuilr QocU r DYuO ElqZ mUxmU lk M rlO


M AUpM Cvr M qqs q oM U s aD WqSU ucloir |

zlr

zlr

zlr

zlr

348.13

348.82

3391.46

3778.10

ix
x

qel urmU M sL xOM oMU M u mwh


ucU me lkr q xU eZq meMi AU AmeMi Sl me oeU q Ms
eZq
me oeU M Ms Gh eZq

162

4.7.2 Exposure to Capital Market:


(` in Crore)
Particulars

31.03.2013

31.03.2012

1119.57

1102.99

NIL

NIL

i.

Direct Investment in Equity Shares, convertible bonds, convertible debentures


and units of equity oriented mutual funds the corpus of which is not exclusively
invested in corporate debt.

ii.

Advances against shares/bonds/debentures or other securities or on clean basis


to individuals for investment in shares (including IPOs/ESOPs), convertible bonds,
convertible debentures and units of equity oriented mutual funds.

iii.

Advances for any other purposes where shares or convertible bonds or convertible
debentures or units of equity oriented mutual funds are taken as primary security.

1063.88

829.80

iv.

Advances for any other purposes to the extent secured by the collateral security of
shares or convertible bonds or convertible debentures or units of equity oriented
mutual funds i.e. where the primary security other than shares/convertible bonds/
convertible debentures/units of equity oriented mutual funds does not fully cover
the advances.

NIL

150.00

v.

Secured and unsecured advances to stockbrokers and guarantees issued on behalf


of stock brokers and market makers

859.88

1346.49

vi.

Loans sanctioned to corporates against the security of shares/bonds/debentures


or other securities or on clean basis for meeting promoters contribution to the
equity of new companies in anticipation of raising resources.

NIL

NIL

vii.

Bridge loans to companies against expected equity flows/issues

NIL

NIL

viii

Underwriting commitments taken up by the Banks in respect of primary issue of


shares or convertible bonds or convertible -debentures or units of equity oriented
mutual funds

NIL

NIL

ix

Financing to stockbrokers for margin trading

NIL

NIL

All exposures to Venture Capital Funds (both registered and unregistered)

348.13

348.82

3391.46

3778.10

Total Exposure to Capital Market

163

4.7.3 eZq huU Sz M Gh eZq:


Lx Sz M xSp q eW oM M lus lkM Gh eZq ExM Ms Axir M 1% r erS W i oM M SzeZq M mukl MUl M AuzrMi W| rj 31 qc 2013 M Mx p Sz M oM M lus lkM Gh eZq
CxM Ms Axir M 1% x erS lW WA W|
(` MUQ q)
eZq h
lahr
Mq
xqlr
E
oWi erS
mioki
BT- QO
Ms

rj 31.03.2013
M Gh eZq
(lus)

rj 31.03.2013
M kUi
mukl

rj 31.03.2012
M Gh eZq
(lus)

rj
31.03.2012 M
kUi mukl

4447.31

zlr

3482.75

zlr

14679.66

zlr

12364.69

zlr

927.91

zlr

107.92

zlr

63.57

zlr

144.00

zlr

2.32

zlr

0.83

zlr

zlr

zlr

zlr

3.07

zlr

2.91

zlr

20123.84

zlr

16103.10

zlr

4.7.3 Risk Category-wise Country Exposure:


In respect of the Country for which the Banks net funded exposure is 1% or more of its total assets, the Bank is
required to make provision for Country Risk. As on 31st March 2013, the net funded exposure to any country has
not exceeded the 1% of the total assets of the Bank.
(` in Crore)
Risk Category
Insignificant

Exposure (net)
as at
31.03.2013

Provision held
as at
31.03.2013

Exposure (net)
as at
31.03.2012

Provision held
as at
31.03.2012

4447.31

NIL

3482.75

NIL

14679.66

NIL

12364.69

NIL

927.91

NIL

107.92

NIL

63.57

NIL

144.00

NIL

Very High

2.32

NIL

0.83

NIL

Restricted

NIL

NIL

NIL

Off-credit

3.07

NIL

2.91

NIL

20123.84

NIL

16103.10

NIL

Low
Moderate
High

TOTAL

164

4.7.4 oM U u M ar LMs EkUMi xq (LxeLs)


ij xqW EkUMi xq (eoLs) M uuUh:
oM M Mx p xqW Zi M qqs q lkUi uuMmh
Gh eZq xq x AkM lW W ij AkUpi xUcl
mUrelA q r Brs Mmlr M sL LMs EkUMi
M lrei Mr ar W | ijm lql Zi M qqs q
urai EkUMiA M sL lkUi me lk M 15%
Gh eZq xq M oRr ar W |
4.7.4 aU eqli Aaq:

(` MUQ q)
uuUh

31.03.2013 31.03.2012

Ms aU eqli Aaq
exq x
i) xmM M m q oM mU
mpUi Aqi mipir ex
AkMU, sCxx, mkMUh
AS M mpU mU oMr Aaq
M Uz
ii) Lx Aqi mipir
(E (i) M AlxU) M
xpui qsr

42158.81

57021.17

7858.93

3520.07

8165.46

5239.85

4.8 uuk:
4.8.1 uw M SUl ArMU Wi Mr ar mukl M Uz:

(` MUQ q)
uuUh
ArMU Wi mukl
(xm MU ij Axjai
MU xWi)

The Bank has not exceeded the prudential credit


exposure limits prescribed for group accounts and
single borrower engaged in infrastructure projects
or for Oil Companies. The exposure ceiling of 15%
of Capital Funds has not been exceeded in respect
of any borrowers.
4.7.5 Unsecured Advances:
(` in Crore)
Particulars
Total Unsecured Advance
Out of which
i) Amount of advances
outstanding against charge
over intangible securities
such as rights, licenses,
authorizations etc. charged
to the Bank as collateral
ii) The estimated value of such
intangible securities (as in (i)
above)

800.00

800.00

Particulars
Provision for Income Tax
(including Wealth tax and
Deferred tax)

sZMl qlSQ:
pUir xlS sZMU xxjl U eU Mr aL
uuk sZMl qlSQ M iWi mMOMUh AmA
M xok q pUir Ueu oM U eU Mr aL
SzlSz M Almsl q, lqlsZi xcl M
mMOMUh Mr ei W:

165

31.03.2013 31.03.2012
42158.81

57021.17

7858.93

3520.07

8165.46

5239.85

4.8. Miscellaneous:
4.8.1 Amount of Provisions made for Income Tax during
the year:
(` in Crore)

31.03.2013 31.03.2012

4.8.2 pUir Ueu oM U sar ar SQ M mMOMUh:


ur uw 2012-13 M SUl oM ulrq Aklrq,
1949 r E Aklrq M xok q pUir Ueu
oM U ulS Mx lrq r zi M Essbl r
Almsl lW ML el M sL oM mU MD SQ lW
sar ar W|
5

4.7.4 Details of Single Borrower Limit (SGL) / Group


Borrower Limit (GBL) exceeded by the Bank:

31.03.2013 31.03.2012
800.00

800.00

4.8.2 Disclosure of Penalties imposed by RBI:


During the financial year 2012-13, the Bank has not
been subjected to any penalty for contravention
or non-compliance with any requirement of the
Banking Regulation Act, 1949, or any rules or
conditions specified by the Reserve Bank of India
in accordance with the said Act.
5.

Accounting Standards:
In compliance with the guidelines issued by the
RBI regarding disclosure requirements of the
various Accounting Standards issued by ICAI, the
following information is disclosed:

5.1

sZMl qlSQ 5 - lS Auk M sL lus


sp / Wl, muuk qS AU sZMl lir q
mUuil:

5.1

CxM mWs M Auk M MD qS lW W |


5.2

sZMl qlSQ 9- Uexu qlri

There are no material prior period items


5.2

Accounting Standard 9 Revenue Recognition


Revenue is recognised as per accounting policy
No.9 of Schedule 17 to the Financial Statement.
Certain items of income are recognised on the
basis other than accrual. However, the said income
is not considered to be material.

5.3

Accounting Standard 15 Employee Benefits:


The actuarial assumptions in respect of gratuity,
pension and privilege leave, for determining the
present value of obligations and contributions
of the bank, have been made by fixing various
parameters for

ur uuUh M sZMl li 9 M Alxc 17 M


AlxU Uexu M qlri S aD W| Ar M MN qS
M Emcr M Asu Mx Alr AkU mU qlri S
aD W| ijm, E Ar M uxi lW ql ei W|
5.3

sZMl qlSQ 15- MqcU Wisp

Accounting Standard 5 Net Profit / Loss for


the period, prior period items and changes in
accounting policies:

EmSl, mzl ij uzwkMU N SriA M uiql


qsr AU oM M raSl M lkUh MUl M sL
up qlM M lkUi MU lqlsZi M sL
oqMM Alql Mr aL W
- qSxTi, uUi, mSi AU pUir xlS
sZMU xxjl U eU Mr aL sZMl qlSQ
15 (xzki) M Alr bOM M krl q UZi WL
uil q oRU M ei W |
- uai uw AU mirzi puwr M Alpu M xSp
q x SU AU Cxq qir M NQMU Alr xp
AWUh sMl uMsai M MUh WL AWUh
zqs W |

Salary escalation by taking into account


inflation, seniority, promotion and other
factors mentioned in Accounting Standard 15
(Revised) issued by ICAI.

Attrition rate by reference to past experience


and expected future experience and includes
all types of withdrawals other than death but
including those due to disability.

qskl oqMM Alql


uuUh
Urri SU
Axir mU mirzi UOl
uil q oRU
mzl q oRU
qir SU

Principal Actuarial Assumptions


Particulars
Discount Rate
Expected Return on Assets
Salary Escalation
Pension Escalation
Mortality

EmSl

mzl
8.32%
8.00%
4.00%

8.11%
8.00%
4.00%

Gratuity
8.32%
8.00%
4.00%
NIL
LIC (1994-96)
Ultimate

Pension
8.11%
8.00%
4.00%
2.50%
LIC (1994-96)
Ultimate

uzwkMU N
8.32%

zlr
4.00%
zlr
zlr
2.50%
e.o.l. (1994-96) e.o.l.(1994-96) e.o.l.(1994-96)
AkUpi
AkUpi
AkUpi

166

Privilege Leave
8.32%
NIL
4.00%
NIL
LIC (1994-96)
Ultimate

Sriu ij Axir q 31 qc, 2013 M xqmi uw M SUl mUuil


M.

(` MUQ q)

mUpwMi Sriu sp q mUuil


EmSl

uw M zAi q Q o A

mzl

uzwkMU N

1,473.03

7,741.98

683.51

xu sai

30.46

171.91

25.25

ore sai

119.36

648.74

58.48

oqMM Wlr / (sp)

166.52

592.81

(54.34)

sp pail

(170.25)

(570.51)

(6.89)

uw M Ai q Q o A

1,619.12

8,584.93

706.01

1,376.63

7,480.00

Z. Axir M Eci qsr q mUuil


1

uw M zAi q relai Axir M Eci qsr

relai Axir mU mirzi UOl

111.00

579.48

uxiuM Mml AzSl

191.97

97.44

6.89

oqMM sp / (Wlr)

9.83

493.67

sp pail

(170.25)

(570.51)

(6.89)

uw M Ai q relai Axir M Eci qsr

1,519.18

8,080.08

Change in obligation and assets over the year ending 31 Mar 2013
(` in Crore)
A

Changes in Defined Benefit Obligation


Gratuity

DBO at beginning of the year

Pension

Privilege Leave

1,473.03

7,741.98

683.51

Service Cost

30.46

171.91

25.25

Interest Cost

119.36

648.74

58.48

Actuarial Losses / (Gains)

166.52

592.81

(54.34)

Benefit Payments

(170.25)

(570.51)

(6.89)

DBO at end of the year

1,619.12

8,584.93

706.01

Changes in Fair Value of Assets

Fair Value of Plan Assets at beginning of the year

1,376.63

7,480.00

Expected Return on plan assets

111.00

579.48

Actual company contributions

191.97

97.44

6.89

Actuarial Gain / (Loss)

9.83

493.67

Benefits payments

(170.25)

(570.51)

(6.89)

Fair Value of Plan Assets at the end of the year

1,519.18

8,080.08

167

Alpuai CiWx

(` MUQ q)
EmSl

mzl

uzwkMU N

uw M Ai q mUpwi Sriu sp

1,619.12

8,584.93

706.01

uw M Ai q relai Axir

1,519.18

8,080.08

lkrl xji

(99.94)

(504.86)

(706.01)

relai SriA q Alpuai xqrel

141.65

32.15

(66.37)

relai Axir q Alpuai xqrel

9.83

493.67

Experience History
(` in Crore)
Gratuity

Pension

Privilege Leave

Defined Benefit Obligation at end of the year

1,619.12

8,584.93

706.01

Plan Assets at end of the year

1,519.18

8,080.08

Funded Status

(99.94)

(504.86)

(706.01)

Experience adjustments on plan liabilities

141.65

32.15

(66.37)

Experience adjustments on plan assets

9.83

493.67

rj 31 qc, 2012 M islm q qlri mmi lus Axi / Sri

(` MUQ q)
EmSl

mzl

uzwkMU N

Sriu sp M uiql qsr

1,473.03

7,741.98

683.51

relai Axir M Eci qsr

1,376.63

7,480.00

lkrl xji (Akzw / (bO)

(96.40)

(261.98)

(683.51)

islm q qlri mmi lus Axi / (Sri)

(96.40)

(261.98)

(683.51)

Net Asset/Liability Recognized in the Balance Sheet as at 31st March 2012


(` in Crore)
Gratuity

Pension

Privilege Leave

Present value of Defined Benefit Obligation

1,473.03

7,741.98

683.51

Fair Value of Plan Assets

1,376.63

7,480.00

Funded Status [Surplus/(Deficit)]

(96.40)

(261.98)

(683.51)

Net Asset / (Liability) recognized in the Balance Sheet

(96.40)

(261.98)

(683.51)

168

31 qc, 2013 M xqmi uw M sL lr urr mMOl

(` MUQ q)

lr urr M bOM
EmSl
1

uiql xu sai (mhir oqMi xukA M sL


eZq mqrq xWi)

mzl

uzwkMU N

30.45

171.91

25.25

119.36

648.74

58.48

(111.00)

(579.48)

ore sai

relai Axir q mirzi UOl

oqMM Wlr / (sp)

156.70

99.14

(54.34)

sp-Wl Zi q qlri mmi Ms lr urr

195.51

340.31

29.39

Disclosure of Employer Expense for the year ending 31 Mar 2013


(` in Crore)
Components of Employer Expense
Gratuity
1

Current Service Cost (including risk premiums for


fully insured benefits)

Interest Cost

Expected Return on Plan Assets

4
5

Pension

Privilege Leave

30.45

171.91

25.25

119.36

648.74

58.48

(111.00)

(579.48)

Actuarial Losses / (Gains)

156.70

99.14

(54.34)

Total Employer Expense recognized in P&L

195.51

340.31

29.39

islm q qlri mmi lus Axi / (Sri) - 31 qc, 2013

(` MUQ q)
EmSl

mzl

uzwkMU N

Sriu M uiql qsr

1,619.12

8,584.93

706.01

relai Axir M Eci qsr

1,519.18

8,080.08

lkrl xji (Akzw / (bO)

(99.94)

(504.85)

(706.01)

islm q qlri mmi lus Axi / (Sri)

(99.94)

(504.85)

(706.01)

Net Asset/(liability) Recognised in Balance Sheet - 31 Mar 2013


(` in Crore)
Gratuity

Pension

Privilege Leave

Present value of Defined Benefit Obligation

1,619.12

8,584.93

706.01

Fair Value of Plan Assets

1,519.18

8,080.08

Funded Status [Surplus/(Deficit)]

(99.94)

(504.85)

(706.01)

Net Asset / (Liability) recognized in the Balance Sheet

(99.94)

(504.85)

(706.01)

169

5.4

sZMl qlSQ- 17- ZQ UmOa:


pa M - MUoU ZQ:

(` MUQ q)
xqmi uw

MUoU ZQ

31.03.2013 31.03.2012

(M) ZQ Uexu
1

UeMw mUcsl

10294.45

7826.50

ZSU oMa mUcsl

9463.97

8338.57

17223.41

17272.11

jM oMa mUcsl

Alr oMa mUcsl

aU AoOi
Ms

0.00

0.00

249.11

341.04

37230.94

33778.22

(Z) ZQ mUhq
1

UeMw mUcsl

1115.81

572.72

ZSU oMa mUcsl

1864.14

2031.47

jM oMa mUcsl

2705.43

3036.11

Alr oMa mUcsl

0.00

0.00

5685.38

5640.30

204.63

302.86

(b) mUcsl sp

5890.01

5943.16

(X) mukl AU AMxqMiL

2217.91

1860.45

Ms
(a) aU AoOi Ar / urur

(c) Ar MU
(N) lus sp

800.00

800.00

2872.10

3282.71

150904.28

119619.18

(e) Alr xclL


(f) ZQ Axir*
1

UeMw mUcsl

ZSU oMa mUcsl

78711.04

68458.60

jM oMa mUcsl

171294.18

177113.82

Alr oMa mUcsl

0.00

0.00

aU AoOi Axir

9399.87

6903.46

410309.37

372095.06

Ms
(g) ZQ SriL
1

UeMw mUcsl

28855.45

42572.21

ZSU oMa mUcsl

156299.98

139940.75

jM oMa mUcsl

180253.80

149166.13

Alr oMa mUcsl

0.00

0.00

aU AoOi SriL

22055.59

19791.15

me AU AUi lkr

22844.55

20624.82

410309.37

372095.06

Ms
( mlqsrMl AUi lk M NQMU)
*

170

5.4

Accounting Standard-17 -Segment Reporting:


Part A Business Segment:
(` in Crore)
BUSINESS SEGMENT

(a)

Segment Revenue

Treasury Operations

Retail Banking Operations

Wholesale Banking Operations

Other Banking Operations

Unallocated
Total

Year ended
31.03.2013 31.03.2012
10294.45

7826.50

9463.97

8338.57

17223.41

17272.11

0.00

0.00

249.11

341.04

37230.94

33778.22

(b) Segment Results


1

Treasury Operations

1115.81

572.72

Retail Banking Operations

1864.14

2031.47

Wholesale Banking Operations

2705.43

3036.11

Other Banking Operations

0.00

0.00

5685.38

5640.30

204.63

302.86

(d) Operating Profit

5890.01

5943.16

(e)

Provisions and Contingencies

2217.91

1860.45

(f)

Income Tax

800.00

800.00

2872.10

3282.71

150904.28

119619.18

Total
(c)

Unallocated Income/Expenses

(g) Net Profit


(h) Other Information
(i)

Segment Assets*

Treasury Operations

Retail Banking Operations

Wholesale Banking Operations

Other Banking Operations

Unallocated Assets
Total

78711.04

68458.60

171294.18

177113.82

0.00

0.00

9399.87

6903.46

410309.37

372095.06

28855.45

42572.21

( j)

Segment Liabilities

Treasury Operations

Retail Banking Operations

156299.98

139940.75

Wholesale Banking Operations

180253.80

149166.13

Other Banking Operations

0.00

0.00

Unallocated Liabilities

22055.59

19791.15

Capital and Reserves*

22844.55

20624.82

410309.37

372095.06

Total
(* Excluding Revaluation Reserve)

171

pa Z: pasM ZQ:

(` MUQ q)
xqmi uw
31.03.2013 31.03.2012

pasM ZQ
M

Sz mUcsl
Uexu
Axir
uSz mUcsl
Uexu
Axir
Ms
Uexu
Axir*

36645.47
386312.09

33264.31
354488.20

585.47
23997.27

513.91
17606.86

37230.94
410309.37

33778.22
372095.06

(*mlqsrMl AUi lk M NQMU)


Part B Geographical Segment:
(` in Crore)
Year ended
31.03.2013 31.03.2012

GEOGRAPHICAL SEGMENT
A

Domestic Operations
Revenue
Assets
International Operations
Revenue
Assets
Total
Revenue
Assets*

36645.47
386312.09

33264.31
354488.20

585.47
23997.27

513.91
17606.86

37230.94
410309.37

33778.22
372095.06

(* Excluding Revaluation Reserve)


5.5

sZMl qlSQ- 18 - xoki mO mMOMUh:


xoki mOr M lq AU oM M xj ElM xok mkl - MlU oM

5.5.1 qWiumh mokl MqM i)

5.5

Accounting Standard-18 - Related Party


Disclosures: Names of Related parties and their
relationship with the Bank- Parent Canara Bank

5.5.1 Key Management Personnel


i)

Ueu MzU So, Akr u mok lSzM


(11.01.2013 x)

Shri R K Dubey Chairman & Managing Director


(from 11.01.2013)

ii) Lx Uql, Akr u mok lSzM (30.09.2012


iM)

ii) Shri S Raman, Chairman & Managing Director


(till 30.09.2012)

iii) qi Acl Lx pau, MrmsM lSzM

iii) Smt. Archana S Bhargava, Executive Director

iii) AzM MqU ami, MrmsM lSzM

iv) Shri. Ashok Kumar Gupta, Executive Director

172

5.5.2 mkl

5.5.2 Parenti) Canara Bank

i) MlU oM

5.5.3 Subsidiaries
i) Canbank Financial Services Ltd.

5.5.3 Alwari)

MloM Tllzrs xuxx s.

ii) MloM ucU MmOs TQ s.

ii) Canbank Venture Capital Fund Ltd.

iii) MloM TYOx s.

iii) Canbank Factors Ltd.


iv) Canara Robecco Asset Management Company
Ltd.

iv) MlU UoM Axi mokl Mml s.


v) MloM MmrOU xuxe s.

v) Canbank Computer Services Ltd.

vi) MlU oM xYrUOe s. (mWs asO xYrUOe


OQa MmUzl s. j)
vii) MlU Lc Lx o x AULlOs oM BT Mqx
sDT ClzrUlx Mml s.
5.5.4 xr Eq

vii) Canara HSBC Oriental Bank of Commerce Life


Insurance Company Ltd
5.5.4 Joint Ventures
i) Commercial Bank of India LLC., Moscow

i) Mqzrs oM BT CQr LsLsx, qxM


5.5.5 xWo xxjL
i)

vi) Canara Bank Securities Ltd. (formerly GILT


Securities Trading Corpn.Ltd)

5.5.5 Associates
i) Canfin Homes Ltd.

MlTl Wqx sqOQ

ii) Mqlusj OxO (CQr) sqOQ

ii) Commonwealth Trust (India) Ltd.

iii) oM U mrei r aqh oM

iii) Regional Rural Banks sponsored by the Bank

M) mai aqh oM

a)

Pragati Gramin Bank

Z) xFj qsoU aqh oM

b)

South Malabar Gramin Bank

a) rx aqh oM*

c)

Shreyas Gramin Bank*

(*pUi xUMU M Akxcl xZr LT.x.7/9/2011-AUAUo


(rm-1) SlM 01.04.2013 M AlxU SlM 01.04.2013
x MlU oM U mrei rx aqh oM ij oM BT
CQr U mrei Ar ui r aqh oM M usr
MUM oM BT CQr M mrel q aqh oM BT Ar
ui Mr ar |)

(*Shreyas Gramin Bank sponsored by Canara bank and


Arya vartha kshethriya Gramina Bank sponsored by
Bank of India were amalgamated as Gramina Bank of
Arya Vartha with new sponsored bank, Bank Of India,
with effect from 01.04.2013 as per Government of
India notification No. F.No.7/9/2011-RRB (UP-1) dated
01.04.2013)

5.5.6 qWiumh mokl MqM M xj slSl M mMOMUh


lqlui W:

5.5.6 Disclosure about transactions


Management Personnel is as under:

qWiumh mokl
`47,48,665/-

MqM

mUqM

173

Key

Remuneration to Key Management Personnel


`47,48,665/(Previous Year: `58,92,007/-)

(mNs uw: `58,92,007/-)

with

5.5.7 Alwar, xWo xxjA Lu xr Eq M xj


xuruWU lqlui W:

(` MUQ q)

uuUh
EkU rj uwi M oMr
uw M SUl AkMiq oMr
eqL rj uwi M oMr
uw M SUl AkMiq oMr
eqA M lrel rj uwi M oMr
uw M SUl AkMiq oMr
Aaq rj uwi M oMr
uw M SUl AkMiq oMr
luz rj uwi M oMr
uw M SUl AkMiq oMr
cs Zi q zw rj uwi M oMr
uw M SUl AkMiq oMr
Alr mmr rj uwi M oMr
uw M SUl AkMiq oMr
AiU oM mipai mqhm- eU
ML aL rj uwi M oMr
uw M SUl AkMiq oMr
AiU oM mipai mqhmmipai ML aL rj uwi M oMr
uw M SUl AkMiq oMr
Mqzl mmr rj uwi M oMr
uw M SUl AkMiq oMr

Alwar

xWo
xxjL u
xr Eq

zlr
(zlr)
zlr
(zlr)

70.90
(32.70)
73.20
(32.70)

164.94
(164.90)
175.21
(199.21)

968.81
(1840.30)
1059.57
(1921.15)

zlr
(zlr)
zlr
(zlr)

118.07
(zlr)
118.07
(zlr)

423.46
(688.38)
698.77
(784.98)

1595.99
(2098.68)
2044.66
(2133.68)

609.80
(518.13)
609.80
(518.13)

99.75
(102.57)
99.75
(102.57)

10.14
(zlr)
10.14
(zlr)

150.32
(zlr)
168.38
(zlr)

0.05
(zlr)
0.05
(zlr)

zlr
(zlr)
zlr
(zlr)

zlr
(zlr)
zlr
(zlr)

1950.00
(zlr)
1950.00
(zlr)

zlr
(zlr)
zlr
(zlr)

1950.00
(zlr)
1950.00
(zlr)

3.18
(zlr)
3.18
(zlr)

zlr
(zlr)
zlr
(zlr)

mNs uw x xoki AMQ MM q S aD W)


(rj mokl U xMsi u mqhMi ij sZ mUM U Ai)

5.5.7 Transactions with Subsidiaries, Associates and


Joint Venture are as under:
(` in Crore)
Particulars

Borrowings Outstanding as at the year end


Maximum outstanding during
the year
DepositsOutstanding as at the year end
Maximum outstanding during
the year
Placement of Deposits
Outstanding as at the year end
Maximum outstanding during
the year
AdvancesOutstanding as at the year end
Maximum outstanding during
the year
InvestmentsOutstanding as at the year end
Maximum outstanding during
the year
Balance in current account
Outstanding as at the year end
Maximum outstanding during
the year
Other receivableOutstanding as at the year end
Maximum outstanding during
the year
Inter Bank Participation
Certificate Issued
Outstanding as at the year end
Maximum outstanding during
the year
Inter Bank Participation
Certificate Participated
Outstanding as at the year end
Maximum outstanding during
the year
Commission ReceivableOutstanding as at the year end
Maximum outstanding during
the year

Subsidiaries Associates
& Joint
Ventures
NIL
(NIL)
NIL
(NIL)

70.90
(32.70)
73.20
(32.70)

164.94
(164.90)
175.21
(199.21)

968.81
(1840.30)
1059.57
(1921.15)

NIL
(NIL)
NIL
(NIL)

118.07
(NIL)
118.07
(NIL)

423.46
(688.38)
698.77
(784.98)

1595.99
(2098.68)
2044.66
(2133.68)

609.80
(518.13)
609.80
(518.13)

99.75
(102.57)
99.75
(102.57)

10.14
(NIL)
10.14
(NIL)

150.32
(NIL)
168.38
(NIL)

0.05
(NIL)
0.05
(NIL)

NIL
(NIL)
NIL
(NIL)

NIL
(NIL)
NIL
(NIL)

1950.00
(NIL)
1950.00
(NIL)

NIL
(NIL)
NIL
(NIL)

1950.00
(NIL)
1950.00
(NIL)

3.18
(NIL)
3.18
(NIL)

NIL
(NIL)
NIL
(NIL)

(Figures in brackets relate to previous year)


(As compiled and certified by the management and relied
upon by the auditors)
174

aU lkai mioi rj uwi M oMr


uw M SUl AkMiq oMr
Alr Sr rj uwi M oMr
uw M SUl AkMiq oMr
mSU / MUr ZUS Emp /
Emsok
rj uwi M oMr

zlr
(zlr)
zlr
(zlr)

zlr
(zlr)
zlr
(zlr)

0.04
(NIL)
0.55
(NIL)

zlr
(zlr)
zlr
(zlr)

Non Funded CommitmentsOutstanding as at the year end


Maximum outstanding during
the year
Other payable
Outstanding as at the year end
Maximum outstanding during
the year
Leasing/HP Arrangement availed
/ providedOutstanding as at the year end

NIL
(NIL)
NIL
(NIL)

NIL
(NIL)
NIL
(NIL)

0.04
(NIL)
0.55
(NIL)

NIL
(NIL)
NIL
(NIL)

NIL
(NIL)
NIL
(NIL)

NIL
(NIL)
NIL
(NIL)

uw M SUl AkMiq oMr

zlr
(zlr)
zlr
(zlr)

zlr
(zlr)
zlr
(zlr)

xjU Axir M r

zlr
(zlr)

zlr
(zlr)

Purchase of Fixed Assets

NIL
(NIL)

NIL
(NIL)

xjU Axir M ur

zlr
(zlr)

zlr
(zlr)

Sale of Fixed Assets

NIL
(NIL)

NIL
(NIL)

S ore

12.49
(10.64)

159.77
(201.77)

Interest paid

12.49
(10.64)

159.77
(201.77)

mmi ore

44.24
(63.63)

191.03
(262.58)

Interest received

44.24
(63.63)

191.03
(262.58)

mmi spz

8.24
(6.24)

zlr
(zlr)

Dividend received

8.24
(6.24)

NIL
(NIL)

qrS eqA / eq mqhm M


cMi

20.00
(zlr)

zlr
(zlr)

Repayment of Fixed Deposits/


Certificate of deposits

20.00
(NIL)

NIL
(NIL)

qrS eqA / eq mqhm M


xuMi

30.00
(zlr)

zlr
(zlr)

Acceptance of Fixed Deposits/


Certificate of deposits

30.00
(NIL)

NIL
(NIL)

mS mqrq

50.68
(zlr)

zlr
(zlr)

Premium Paid

50.68
(NIL)

NIL
(NIL)

xu Emsok MUl

37.74
(28.84)

2.38
(0.82)

Rendering of Service

37.74
(28.84)

2.38
(0.82)

xuA M sL mS

21.58
(37.53)

zlr
(0.01)

Receiving for Services

21.58
(37.53)

NIL
(0.01)

zlr
(zlr)

zlr
(zlr)

Management Contracts

NIL
(NIL)

NIL
(NIL)

mokl xuSL

Maximum outstanding during


the year

SlM 27.12.2012 x MrU sqOQ M xWpai M oS Mr


ar W | Ai: SlM 31 qc, 2013 M xqmi uw M sL MrU
sqOQ M xj WD xuruWU M Emr mMOl q zqs lW
Mr ar W |

CARE Ltd ceased to be an associate with effect from


27.12.2012. Hence, transactions with CARE Ltd are not
included in the above disclosure for the year ended 31st
March 2013.

MM q mNs uw M AMQ SL aL W

Figures in brackets relate to previous year.

175

5.6

sZ qlM- 20- mi zrU Ael:


qs Lu ilMi D m Lx M ahl sZMl qlM
20- "mi zrU Ael" M AlxU M aD W |

5.6

qs mi zrU Ael M mUMsl lqllxU W:


uuUh
M DYuO zrUkUM M
MUh uw M sL lus sp
(` MUQ q)
Z DYuO zrU M xZr
(MUQ q)
a DYuO zrU M pUi
Axi xZr
(MUQ q)
b mi zrU Ael
(M / Z)(`)
Q mi zrU xMiM qsr (`)

5.7

The Computation of EPS is given below.

2012-2013 2011-2012
A
2872.10

3282.71

44.30

44.30

B
C

44.30

44.30

64.83
10/-

74.10
10/-

sZ qlM- 22- Ar mU MU M sZMl:


oM l Axjai MU Axir / SriA (Q O L /
Q O Ls) M lkUh Mr W AU rj 31.03.2013
M lus Axjai MU Sri M lql mMU x
sZMl Mr W:

D
E
5.7

Axjai MU Axir u Axjai MU SriA M


mqZ bOM lqllxU W:
uuUh
mipir mU Emci mUi mipir mU Sr lW
N lMSMUh
xjU Axir mU qsrx
Alr
Axjai MU Axir / SriL

Accounting Standard-20 - Earnings Per Share:


Basic and diluted earnings per equity share
are computed in accordance with Accounting
Standard 20, Earnings per Share.

Particulars
2012-2013 2011-2012
Net Profit for the year
attributable to Equity
Shareholders (` In Crore)
2872.10
3282.71
Number of Equity Shares
(In Crore)
44.30
44.30
Weighted Average
Number of Equity Shares
(In Crore)
44.30
44.30
Basic and Diluted Earnings
per Share (A/B) (`)
64.83
74.10
Nominal Value per Share (`)
10/10/Accounting Standard-22 Accounting for Taxes on
Income:
The Bank has recognized Deferred Tax Assets /
Liabilities (DTA / DTL) and has accounted for the
Net Deferred Tax as on 31.03.2013 as under:
Major components of Deferred Tax Assets and
Deferred Tax Liabilities are as under:

(` MUQ q)

Axjai MU Axir
31.03.2013
31.03.2012
277.35
270.05
54.18
36.88
331.53
306.93

Axjai MU SriL
31.03.2013
31.03.2012
656.53
562.02
1.97
8.05
658.50
570.07
(` in Crore)

Particulars
Interest accrued but not due on securities
Leave Encashment
Depreciation on Fixed Assets
Others
Deferred Tax Asset/ Liability

Deferred Tax Assets


31.03.2013
31.03.2012
277.35
270.05
54.18
36.88
331.53
306.93

rj 31 qc, 2013 M lus Axjai MU Sri: `326.97 MUQ


(31 qc, 2012 M `263.14 MUQ)

Deferred Tax Liability


31.03.2013
31.03.2012
656.53
562.02
1.97
8.05
658.50
570.07

Net Deferred Tax Liability as on March 31, 2013:


`326.97 Crores (March 31, 2012: `263.14 Crores)

176

5.8 sZMl qlM


qlM - 27 - xr Eq q Wi xok ur
UmOa:
luz q Mqzrs oM BT CQr Ls.Ls.x. (x q
laqi) `36.57 MUQ zqs W (sl-Sl M iUZ M
ulqr SU mU) exq oM M 40% Wxx W |

5.8 Accounting Standard 27 - Financial Reporting of


Interests in Joint Ventures
Investments include `36.57 Crore (at the exchange
rate of the transaction date) in the Commercial Bank
of India LLC (Incorporated in Russia) wherein the Bank
owns 40% of the equity.

L Lx 27 M AmlxU (xr m x lri xxj q


oM M Wi 40%) x xoki mUxmr, SriA, Ar ij
urr M xqa Uz M mMOl AksZi Mr ar W:

As required by AS 27 the aggregate amount of the


assets, liabilities, income and expenses (Banks
interest @ 40% in jointly controlled entity) is disclosed
as under:

Mqzrs oM BT CQr Ls.Ls.x. - mUxmr, SriA, Ar ij urr M orU


uuUh

Ms
Ms
Ms
Ms
Ms
sp

me u AUi lkr
SriL
Axir
Ar
urr

31.03.2013 31.03.2013
31.03.2012 31.03.2012
oM M zrU
oM M zrU
M xqmi
M xqmi
M xqmi ai M xqmi ai
@ 40%
@ 40%
cs uw
cs uw
uw
uw
AqUM QsU
mr
mr
AqUM QsU
mr
mr
'000 q
MUQ q
MUQ q
'000 q
MUQ q
MUQ q
34961
189.79
75.91
31537
160.44
64.18
57547
312.39
124.96
46652
237.34
94.93
92508
502.18
200.87
78189
397.79
159.11
7538
41.01
16.40
5884
28.19
11.28
3429
18.65
7.46
2307
11.05
4.42
4109
22.36
8.94
3577
17.14
6.86

Commercial Bank of India LLC - Details of Assets, Liabilities, Income & Expenses
Particulars

Current
Current
Previous
Previous Banks share
share year
year ended year ended Banks
ended
year
ended
31/03/2013 31/03/2013 @ 40% 31/03/2012 31/03/2012 @ 40%
In 000 US
Dollars

` in Crore

` in Crore

In 000 US
Dollars

` in Crore

` in Crore

Aggregate Capital and Reserves

34961

189.79

75.91

31537

160.44

64.18

Aggregate Liabilities

57547

312.39

124.96

46652

237.34

94.93

Aggregate Assets

92508

502.18

200.87

78189

397.79

159.11

Aggregate Income

7538

41.01

16.40

5884

28.19

11.28

Aggregate Expenditure

3429

18.65

7.46

2307

11.05

4.42

Profit

4109

22.36

8.94

3577

17.14

6.86

E AMQ lqllxU mUuii Mr ei W:

The above figures have been translated at:

Axir ij SriL WeU SU 31.03.2013 r Lx QsU 1=


` 54.2850 AU 31.03.2012 r Lx QsU 1=`50.8750

Assets and liabilities: @ Spot rate: 31/03/2013 USD 1=


` 54.2850 and 31/03/2012 USD 1= `50.8750

Ar ij urr Axi SU 31.03.2013 r Lx QsU 1=


` 54.3988 AU 31.03.2012 r Lx QsU 1=`47.9138

Income & Expenditure: @ Average rate: 31/03/2013 USD


1= ` 54.3988 and 31/03/2012 USD 1= `47.9138

Emr AMQ 31.03.2013 M xqmi uw M sL xr Eq


M sZ mUi Zi x sr ar W |

The above figures are as per audited accounts of the joint


venture for the year ended 31/03/2013

177

5.9 sZMl qlM- 28- Axir M i :


mokl M Ur q, 31.03.2013 iM uxiUi CxM
Acs xm M Mx p xqa mU MD i lW W
exM pUir xlS sZMU xxjl U eU sZ
mhs qlM 28 M lokl q lkUh M eUi W |
5.10

5.9 Accounting Standard 28 - Impairment of Assets:


In the opinion of the Management, there is no
impairment of its Fixed Asset as at 31.03.2013
requiring recognition in terms of Accounting
Standard 28 issued by the Institute of Chartered
Accountants of India.

sZMl qlM- 29- mukl, AMxqM SriL AU AMxqM Axir:

(` MUQ q)

umx /
01.04.2012 M
uw M SUl
31.03.2013 M
xqrei ML
mUp
olL aL mukl
xqml
ar mukl
---93.00
---93.00

uuUh
AMxqM SriA M sL mukl M csl

5.10 Accounting Standard 29 Provisions, Contingent Liabilities and Contingent Assets:


(` in Crore)
Opening as on Provision made
01.04.2012 during the year

Particulars
Movement of Provision for Contingent Liabilities

----

93.00

Provision
reversed /
adjusted

Closing as on
31.03.2013

----

93.00

6. AiU mMOMUh

6. Additional Disclosures

6.1 uw M SUl ML aL mukl AU AMxqM urr M


orU:
(` MUQ q)

6.1 Details of Provisions and Contingencies made during


the year:
(` in Crore)

uuUh
luz qsrx / Ll m
AD M sL mukl
AleM Axir M sL
mukl
qlM mUxmr M sL
mukl
MU M sL mukl (Axjai MU Sri xWi)
Alr mukl u AMxqM
SriL (lus)
Ms

31.03.2013
(371.31)

153.87

1860.99

1294.06

255.61

171.06

800.00

800.00

472.62

241.46

3017.91

2660.45

31.03.2013

(` MUQ q)
31.03.2012

6.2 AxjD mukl:


uuUh

Particulars

31.03.2012

Provision for
Depreciation on
Investment and NPI
Provision towards NPA
Provision towards
Standard Asset
Provision for Tax
(includes deferred tax
liability )
Other Provision and
Contingencies -Net
TOTAL

31.03.2013

31.03.2012

(371.31)

153.87

1860.99

1294.06

255.61

171.06

800.00

800.00

472.62

241.46

3017.91

2660.45

31.03.2013
NIL
NIL

(` in Crore)
31.03.2012
NIL
NIL

6.2 Floating Provision:

mUpM zw
uw M SUl xukl

zlr
zlr

zlr
zlr

uw M SUl AWUi Uz

zlr

zlr

Ci zw

zlr

zlr

Particulars
Opening Balance
Addition during the year
Draw down during the
year.
Closing Balance

178

NIL

NIL

NIL

NIL

6.3 AUi lkr x AWUi : zlr

6.3 Draw Down from Reserves: NIL

6.4 zMri / oMa sMms M lhr M aU Mrlurl M


mMOMUh :

6.4 Disclosure of Complaints / unimplemented awards


of Banking Ombudsmen:

M) aWM zMri

A. Customer Complaints

x. uuUh

uw
M
Z) uw
M
a) uw
M
b) uw
M
M)

Z)

M AUp q soi zMri


xZr
M SUl mmi zMri
xZr
M SUl luUi zMri
xZr
M Ai iM soi zMri
xZr

Sl.No. Particulars
207

(a)

Number of complaints pending at the


beginning of the year

207

5075

(b)

Number of complaints received during


the year

5075

5175

(c)

Number of complaints
during the year

redressed

5175

107

(d)

Number of complaints pending at the


end of the year

107

B. Awards passed by the Banking Ombudsmen

oMa sMms U lhr

x. uuUh

M)

uw M AUp q AMrlui lhr


M xZr

M SUl mmi lhr


Z) uw
M xZr
M SUl luUi lhr
a) uw
M xZr
M Ai iM soi AMrlui
b) uw
lhr M xZr

Sl.No. Particulars
3

(a)

Number of unimplemented Awards at


the beginning of the year

37

(b)

Number of Awards received during


the year

37

38

(c)

Number of Awards redressed during


the year

38

(d)

Number of unimplemented Awards


pending at the end of the year

6.5 cMi Axl m eU MUl:


ur uw M SUl oM U `17562.93 MUQ M 2066
cMi Axl m eU Mr ar| rj 31.03.2013
M E m M xci xji `4379.13 MUQ M 694
W | ClM Asu oM U lqlMi ulrqM M cMi
Auxl m eU Mr ar:

6.5 Issuance of Letters of Comfort:


Bank has issued 2066 no. of Letters of Comfort to the
tune of `17562.93 Crore during the financial year.
The cumulative outstanding position of 694 no. of
LOC as on 31.03.2013 is `4379.13 Crore. Apart from
this, Bank has also issued Letter of Comfort to the
following regulators:

uw 2012-2013 M SUl eU ML aL cMi Auxl m


zlr

LOC issued during the year 2012-2013:


Nil.

mWs eU ML aL cMi Auxl m:

LOC issued in the past:

cl oMa UarsOU Mqzl, cl (zbD zZ M sL


2008-09 M SUl)

China Banking Regulatory Commission, China


(During 2008-09, for Shanghai Branch).

r L D M xOs oM (milk Mrsr, zUeW M sL


2009-10 M SUl)

Central Bank of the UAE (During 2009-10, for


Representative Office, Sharjah)

oWUl M xOs oM (qlq zZ M sL 2009-10 M


SUl)

Central Bank of Bahrain (During 2009-10 for Manama


Branch, Bahrain).

Sh ATM Ueu oM (eWlxoa, Sh ATM q


mxiui zZ M sL 2011-12 M SUl)

South African Reserve Bank ( During 2011-12 for the


proposed branch at Johannesburg, South Africa)

179

ur mpu:
pu:
uiql q r L D M xOs oM (milk Mrsr, zUeW M
sL ) ij Sh ATM Ueu oM (Zsl oM W) M eU
Mr ar cMi Axl m mU MD ur mpu lW W|

xT zbD, cl AU qlq, oWUl zZA M qqs q


oM U eU cMi Axl m M mpu mQ W|

zbD zZ M Ms oWU SriL r Lx Q 55.54


qsrl (` 301.49 MUQ) AU qlq zZ, oWUl M r
Lx Q 412.10 qsrl (` 2237.09 MUQ) W|

xqSmUr ulrqM M oM U eU cMi Axl


m M Ms mpu r Lx Q 467.64 qsrl (sapa
`2538.58 MUQ) UW|

6.6 rj 31.03.2013 iM mukl muUh Almi 61.35% UW


(mNs uw 67.57%) |
6.7 oM U oM LzrUx MUoU AS x mmi zsM /
qlSr:

x.

Ar M mMU

eul oq msxr M
ur

aU-eul oq msxr
M ur

qrcAs TQ EimS M
ur

Alr (Dxex)
Ms

Financial Impact:
Presently, there is no such financial impact on LOCs issued
favoring Central Bank of UAE (for Sharjah Representative
Office) & South African Reserve Bank (as branch is yet
to open).

The impact of issue of letter of guarantee/comfort


by the Bank exists only in case of Shanghai and
Manama branches.

The total outside liabilities of Shanghai


branch is USD 55.54 Mn (`301.49 crores) and
Manama branch, Bahrain is USD 412.10 Mn
(` 2237.09 crores).

The total impact of the LOCs issued by the bank to


overseas regulators comes to USD 467.64 Mn (approx
`2538.58 crore).

6.6 Provision Coverage Ratio is 61.35% as on 31.3.2013


(Previous year 67.57%).

(` MUQ q)

6.7 Fees / Remuneration received by the Bank from


Bancassurance Business etc.:

31.03.2013 31.03.2012

(` in Crore)

25.90

Sl.
No.

21.91

11.92

10.75

Nature of Income

31.03.2013 31.03.2012

For selling Life


Insurance Policies

25.90

21.91

For selling Non Life


Insurance Policies

11.92

10.75

4.95

3.32

0.03

42.77

36.01

4.95

3.32

0.03

For selling Mutual


Funds Products

42.77

36.01

Other (ECGC)
TOTAL

6.8 eqA, Aaq, luz u Ll m L M MSMUh:


6.8.1 eqA M MSMUh:
ox oQ EkUMiA M Ms Aaq
oM M Ms Aaq q x ox oQ EkUMiA M
Aaq M mizi

6.8.2 Aaq M MSMUh:


ox oQ EkUMiA / aWM M Ms luz
oM M Ms luz q x ox oQ EkUMiA/
aWM M luz M mizi

(` MUQ q)

6.8 Concentration of Deposits, Advances, Exposures and


NPAs
6.8.1 Concentration of Deposits:
(` in Crore)

58464.15
Total Deposits of twenty largest depositors
16.43%

Percentage of Deposits of twenty largest


depositors to Total Deposits of the Bank

58464.15
16.43%

6.8.2 Concentration of Advances:


34860.09
14.39%

Total Advances to twenty largest borrowers


Percentage of Advances to twenty largest
borrowers to Total Advances of the Bank

180

34860.09
14.39%

6.8.3 luz M MSMUh

6.8.3

ox oQ EkUMiA / aWM M Ms luz

54128.09

oM M Ms luz q x ox oQ EkUMiA/
aWM M luz M mizi
6.8.4 Ll m L M MSMUh:

10.70%

(` MUQ q)

mjq cU LlmL Zi M Ms luz

1188.16

6.9 - uU Ll m L

x.
1

3
4

Mw u xo r
Msm
Ea
(xq u sb, qkrq
u oQ)
xuL
le Gh

6.10

Ll m L M AiUh:

Concentration of Exposures:

(` MUQ q)

rj 1 Ams 2012 iM xMs Ll m L


(AUpM zw)
uw M SUl mUukl (lL Ll m L)
Em - Ms (M)

2.17

Total Exposure to top four NPA accounts

Uz

1188.16

Sector-wise NPAs
Sector

Agriculture & allied


activities

Industry (Micro &


Small, Medium and
Large)
Services
Personal Loans

3
4
(` MUQ q)

10.70%

(` in Crore)

1.96
6.93
1.88

(` in Crore)
54128.09

Concentration of NPAs:

Sl.
No.

6.10

Percentage of NPAs to
Total Advances in that
sector
2.17
1.96

6.93
1.88

Movement of NPAs
(` in Crore)

Particulars

Amount
st

4031.75
5819.3
9851.05

bOL :
(i) Ail

6.8.4

6.9

Ex q Ms
Aaq q x Ll m L M
mizi

uuUh

Total Exposure to twenty largest borrowers/


customers
Percentage of Exposures to twenty largest
borrowers / customers to Total Exposure of
the bank on borrowers / customers

Gross NPAs as on 1 April 2012


(Opening Balance)
Additions (Fresh NPAs) during the year
Sub-total (A)

4031.75
5819.3
9851.05

Less:851.64

(ii) uxsr (Aili Zi x M aD


uxsr M Asu)

(i) Upgradations

851.64

(ii) Recoveries (excluding recoveries


made from upgraded accounts)

1203.99

(iii) o Zi

1535.26

(iii) Write-offs

1535.26

Em Ms (Z)

3590.89

Sub-total (B)

3590.89

rj 31 qc 2013 iM xMs Ll m L
(xqml zw) (M-Z)

6260.16

Gross NPAs as on 31st March 2013


(closing balance) (A-B)

6260.16

181

6.11 xqSmUr Axir, Ll m L u Uexu

(` MUQ q)

uuUh

6.11 Overseas Assets, NPAs and Revenue


(` in Crore)

Uz

Ms Axir

Particulars

25349.40

Amount

Total Assets

25349.40

Ms Ll m L : xMs
lus

473.83
299.36

Total NPAs : Gross


Net

473.83
299.36

Ms Uexu

637.10

Total Revenue

637.10

6.12

isl m q zqs l Wl us mrei Lx m u


(sZMl qlSQ M AlxU xqMi ML el M
AuzrMi W)

6.12 Off-balance Sheet SPVs sponsored (which are


required to be consolidated as per accounting
norms)

mrei Lx m u M lq

Name of the SPV sponsored

bUs

xqSmUr

Domestic

Overseas

zlr

zlr

NIL

NIL

6.13 pUir Ueu oM U mUm x. QoAQ.om.

ox.80/21.04.018-2010-11 SlM 09.02.2011 M


U eU SzlSz M Almsl q el MqcUr l
mWs mzl uMsm lW cl j ElW 2010-2011 M
SUl mzl uMsm cll M MUh oM l `1482.86
MUQ (31 qc 2011 x AUp MU 5 uw x mUzki
Mr e UW W) M AmUzki Sri mU Alql M
AkU mU 31.03.2013 M xqmi uw M SUl `370.71
MUQ M Uz sp u Wl Zi q lq M W| pUir
Ueu oM M SzlSz M AlxU `741.44 MUQ
M zw Uz lmOr eLa |

6.13 In accordance with the guidelines issued by


Reserve Bank of India vide their Circular No.DBOD.
BP.BC.80/21.04.018/2010-11 dated 09.02.2011,
the Bank has debited Profit & Loss Account
a sum of `370.71 Crore during the year ended
31.03.2013 on proportionate basis towards
unamortized liability of `1482.86 Crore (being
amortized over 5 years beginning from 31st
March 2011) on account of reopening of pension
option during 2010-11 for existing employees
who had not opted for pension earlier. The balance
amount of `741.44 Crore will be dealt as per
guidelines of RBI.

EmSl sqO q oRU M MUh ` 543.62 MUQ (31

The Bank has debited Profit & Loss Account a sum


of `135.90 Crore during the year ended 31.03.2013
on proportionate basis towards unamortized
liability of `543.62 Crore (being amortized over 5
years beginning from 31st March 2011) on account
of enhancement of gratuity limit. The balance
amount of `271.82 Crore will be dealt as per
guidelines of RBI.

qc 2011 x AUp MU 5 uw x mUzki Mr e


UW W) M AmUzki Sri mU Alql M AkU mU
31.03.2013 M xqmi uw M SUl oM l `135.90
MUQ M Uz sp u Wl Zi q lq M aD| pUir
Ueu oM M SzlSz M AlxU `271.82 MUQ M
zw Uz lmOr eLa |

182

6.14

mipiMUh x xoki mMOl:

(` MUQ q)

x. uuUh
1.
2.
3.

4.

6.14.
Sl.
No.
1.
2.
3.

xZr / Uz

mipiMUh xuruWU M sL oM U mrei Lx m u M xZr


oM U mrei Lx m u M oWr M AlxU mipiMi Axir M Ms Uz
rj isl m M iUZ M Lq AU AU M Almslj oM U mikUi luz M Ms Uz
M) isl m q zqs l Wlus luz
mjq Wl
Alr
Z) isl m q zqs Wlus luz
mjq Wl
Alr
Lq AU AU M Asu mipiMUh xuruWU M Uz
M) isl m q zqs l Wlus luz
mipiMUh M sL luz
i) mjq Wl
Alr
ixU m mipiMUh M sL luz
ii) mjq Wl
Alr
Z) isl m q zqs Wlus luz
mipiMUh M sL luz
i) mjq Wl
Alr
ixU m mipiMUh M sL luz
ii) mjq Wl
Alr
*

zlr

(` in Crore)
No./
Amount

Disclosure relating to Securitisation:


Particulars

No. of SPVs sponsored by the bank for securitization transaction*


Total amount of securitized assets as per books of the SPVs sponsored by the bank
Total amount of exposures retained by the bank to comply with MRR as on the date of balance sheet
a) Off-balance sheet exposures
First loss
Others
b) On-balance sheet exposures
First loss
Others
4. Amount of exposures to securitization transactions other than MRR
a) Off-balance sheet exposures
Exposure to own securitizations
i) First loss
Others
Exposure to third party securitizations
ii) First loss
Others
b) On-balance sheet exposures
Exposure to own securitizations
i) First loss
Others
Exposure to third party securitizations
ii) First loss
Others

183

NIL

6.15

Gh QTsO xum (xQLx): zlr

6.15. Credit Default Swaps (CDS): NIL

7.

eW MW AuzrM W mNs uw M AMQ


mlxqWi / ml: qo / mluaMi Mr ar W |

7.

Figures of the previous year have been regrouped/


rearranged / reclassified wherever necessary.

u xMqU
qQs mokM

Ll xuzMUl
Em qW mokM

M qhq
qW mokM

u Lx Mwh MqU
MrmsM lSzM

AzM MqU ami


MrmsM lSzM

Ueu MzU So
Akr u mok lSzM

xk Mwhl
lSzM

ql WqcS
lSzM

e u qhqUl
lSzM

e u xozu Uu
lSzM

ZsS sMql osaq


lSzM

xil xlW
lSzM

xls ami
lSzM

xqxZrM ij M WqU UmO M AlxU


Mi
Lc M ckU LhQ M
xlS sZMU

Mi
uMOcsq ArrU LhQ M
xlS sZMU

Mi
Lx m c
cmQ LhQ M
xlS sZMU

Mi
sMU LhQ M
xlS sZMU

Mi
m cmQ LhQ M
xlS sZMU

Mi
L AU Sx LhQ LxxLOx
xlS sZMU

Q Ll pau
xfSU

L amsMwhl
xfSU

xeu ami
xfSU

Lx x sMU
xfSU

mSm MqU cmQ


xfSU

zrqs MqU lrM


xfSU

oasU
02 qD, 2013
V SUKUMAR
DIVISIONAL MANAGER

N SIVASANKARAN
DEPUTY GENERAL MANAGER

R K DUBEY
SUDHA KRISHNAN
CHAIRMAN & MANAGING
DIRECTOR
DIRECTOR
KHALID LUQMAN BILGRAMI
DIRECTOR

K MANICKAM
GENERAL MANAGER

V S KRISHNAKUMAR
EXECUTIVE DIRECTOR

ASHOK KUMAR GUPTA


EXECUTIVE DIRECTOR

MEENA HEMCHANDRA
DIRECTOR

G V SAMBASIVA RAO
DIRECTOR

G V MANIMARAN
DIRECTOR

SUTANU SINHA
DIRECTOR

SUNIL GUPTA
DIRECTOR

AS PER OUR REPORT OF EVEN DATE


For
For
For
For
H K CHAUDHRY & Co. K VENKATACHALAM AIYER & Co. S P CHOPRA & Co.
LOONKER & Co.
Chartered Accountants
Chartered Accountants
Chartered Accountants Chartered Accountants
D N BHARGAVA
Partner

A GOPALAKRISHNAN
Partner

SANJIV GUPTA
Partner

S C LOONKER
Partner

BANGALORE
MAY 02,2013

184

For
P CHOPRA & Co.
Chartered Accountants

For
A R DAS & ASSOCIATES
Chartered Accountants

PRADEEP KUMAR CHOPRA


Partner

SYAMAL KUMAR NAYAK


Partner

xip 3 (oxs II
II)) mMOl

mMOl mm isM 1: Almra M Mr

Pillar 3 (BASEL II) Disclosures


TABLE DF 1: SCOPE OF APPLICATION

ahiqM mMOl:

Qualitative Disclosures:

M. oM M lq exM sL rW Rc sa W: MlU oM

a. The name of the Bank to which the framework


applies: CANARA BANK

Z. xqW M Aiai lMr M xmi uuUh xWi sZMl


AU ulrqM Ezr M sL xqMl M AkU q AiU
x xoki mUZ
(i) e mhi xqMi W | (ex xqMi sZMl q
Alwar W, ESWUh M sL L Lx 21, exM kUh
>50 W)
1. MloM ucU MmOs TQ s. (kUh 100% ur lMr)
2. MloM Tllzrs xuxe s. (kUh 100%ur lMr)
3. MlU oM xYrUOe s. (kUh 100% - xOM
oMa Mml)
4. MloM TYOx sqOQ (kUh 70% - ur
lMr)
5. MlU oM MmrOU xuxe s. (kUh 69.14%Alr)
6. MlU UoM Axi mokl Mml s. (kUh
51%- qrcAs TQ M L Lq x)
7. MlU Lc Lx o x A o x eul oq Mml
s. (kUh 51%- ur lMr)
(ii) e AlmiM AkU mU xqMi W (ex xqMi
sZMl q xr Eq W, ESWUh M sL L Lx 27
exM kUh <50% W)
1. Mqzrs oM BT CQr (kUh 40%- pUir
xOO oM M xj xr Eq)
(iii) elM xok q MOi M ar W | (xWoSk xxj kUh 20% x AkM u 50% x Mq)
1. MlTl Wqx s. (kUh 42.35%)
2. mai aqh oM ( a oM- kUh 35%)
3. xFj qsoU aqh oM ( a oM-kUh 35%)
4. rx aqh oM ( a oM - kUh 35%)

b. An outline of differences in the basis of consolidation


for accounting and regulatory purposes, with a brief
description of the entities within the group:
(i) That are fully consolidated (viz., subsidiaries as
in consolidated accounting, e.g. AS 21, having
holding > 50%)
1. Canbank Venture Capital Fund Ltd. (Holding
100% - Financial Entity)
2. Canbank Financial Services Ltd. (Holding
100% Financial Entity)
3. Canara Bank Securities Ltd. (Holding 100% Stock Broking Company)
4. Canbank Factors Ltd. (Holding 70% Financial
Entity)
5. Canara Bank Computer Services Ltd. (Holding
69.14% - Others)
6. Canara Robecco Asset Management Co. Ltd.
(Holding 51% - AMC of Mutual Fund)
7. Canara HSBC OBC Life Insurance Co. Ltd.
(Holding 51% - Financial Entity)
(ii) That are pro-rata consolidated (viz. Joint ventures
in consolidated accounting, eg. AS 27, having
holding < 50%)
1. Commercial Bank of India (Holding 40% Joint Venture with SBI)
(iii) That are given a deduction treatment (Associates
Holding above 20% and below 50%)
1. Canfin Homes Ltd. (Holding 42.35%)
2. Pragathi Gramin Bank (RRB Holding 35%)
3. South Malabar Gramin Bank (RRBHolding 35%)
4. Shreyas Gramin Bank (RRB Holding 35%)

(iv) elM l xqMl WA W AU l W MOi M ar W


(ESWUh M sL eW luz eZq pUi W)

(iv) That are neither consolidated nor deducted (e.g.


where the investment is risk weighted)

Mml Amcsi Wl M MUh, TClzrsx BT


Mqlusj lrx (pUi) s, LM xWo xxjl, eW
mU MlU oM M 30% kUh W, CxM xqMl lW
Mr ar W |

The financial of Commonwealth Trust (India)


Ltd., an associate, in which Canara Bank has
30% holding, is not consolidated as the company
is defunct.

185

a) sZMl ij ulrqM Ezr M sL xqMl M AkU


q AiU:

c.

Differences in basis of consolidation for accounting


and regulatory purposes:

ulrqM SzlSz M AlxU, LM xqMi oM oq


MUoU ij ur xuA x Axo MUoU q sa
WL xqW Mmlr M lMs xMi W | Ai: MlU
LcLxox Aox eul oq Mml sqOQ (kUh
51%- oq MUoU) M ulrqM Ezr M sL lMs
Sr W|

In terms of Regulatory guidelines, a consolidated


bank may exclude group companies which are
engaged in insurance business and businesses not
pertaining to financial services. Hence, Canara HSBC
OBC Life Insurance Co. Ltd. (Holding 51% - Insurance
Business) has been excluded for regulatory purpose.

mUqhiqM mMO
Ol:
a) xp Alwar q me Amrmii M xqa Uz ex
xqMl q xqqsi lW M ar W Aji elM MOi
WD W AU El Alwar M lq

Quantitative Disclosures:
(d) The aggregate amount of capital deficiencies in all
subsidiaries not included in the consolidation i.e. that
are deducted and the name(s) of such subsidiaries

zlr

NIL

b) oq lMr q oM M Ms Wi M xqa Uz
(ESWUh : cs oW qsr), e eZq pUi W, ElM
lq, eW laqi Mr ar W, Ex Sz M lq r lux,
xuqiu Wi M Almi AU rS p W i Cl lMr
q qiSl z M Almi |
1. lq: MlU LcLxox Aox eul oq Mml sqOQ

(e) The aggregate amounts (e.g. current book value) of


the banks total interests in insurance entities, which
are risk-weighted as well as their name, their country
of incorporation or residence, the proportion of
ownership interest and, if different, the proportion of
voting power in these entities.

2. laqi Sz M lq: pUi

1)

Name : Canara HSBC OBC Life Insurance Co.Ltd

3. xuqiu Wi: `484.50 MUQ (51%)

2)

Country of Incorporation: India

3)

Ownership Interest: ` 484.50 Crore (51%)

mMOl mm isM 2 - me xUcl:


ahiqM mMOl:

TABLE DF 2: CAPITAL STRUCTURE:

WqU oM M OrU I me q DYuO zrU, AUi lkr AU


lulqwMU xii oQ zqs W|

Qualitative Disclosures:
Our Banks Tier I Capital comprises of Equity Shares,
Reserves and Innovative Perpetual Bonds.

oM U lulqwMU oQ (OrU I) AU OrU II me q


zqs MUl Wi rar Alr oQ p eU Mr ar| oQ M
uuUh lqllxU W:

The Bank has issued Innovative Bonds (Tier I) and also


other Bonds eligible for inclusion in Tier 2 Capital. Details
of the Bonds are as under:

M) lulqwMU xii Gh sZi (AD m Q AD)- OrU I


xjl

eU ij

xii u qa
uMsm

Mml SU

` MUQ q

Zs I

pUi q

30.03.2009

30.03.2019

9.00%

240.30

Zs II

pUi q

21.08.2009

21.08.2019

9.10%

600.00

Zs III

pUi q

03.08.2010

03.08.2020

9.05%

749.30

Ms

1589.60

uuUh

186

A) Innovative Perpetual Debt Instruments (IPDI) Tier I


Place

Date of Issue

Perpetual & Call


Option

Coupon Rate

` in crore

Series I

In India

30.03.2009

30.03.2019

9.00%

240.30

Series II

In India

21.08.2009

21.08.2019

9.10%

600.00

Series III

In India

03.08.2010

03.08.2020

9.05%

749.30

TOTAL

1589.60

Particulars

Z) EiU OrU II oQ
uuUh

eU ij

mUmYui ij

Mml SU

Zs I
Zs II

xjl
pUi q
pUi q

16.09.2006
23.03.2007

16.09.2021
23.03.2022

9.00%
10.00%

` MUQ q
500.00
500.00

Zs III

pUi q

29.09.2010

28.09.2025

8.62%

1000.00

Ms

2000.00
250 q. rLx
QsU

uSz qS oQ

pUi x oWU

27.11.2006

Place

Date of Issue

Series I
Series II

In India
In India

Series III

In India

27.11.2016

6.365%

Coupon
Rate
9.00%
10.00%

`. in crore

16.09.2006
23.03.2007

Date of
Maturity
16.09.2021
23.03.2022

29.09.2010

28.09.2025

8.62%

1000.00
2000.00
250mn US $

` MUQ q
75.45
263.50
500.00
500.00
425.00
575.00
400.00
700.00
325.00
3763.95

B) Upper Tier II Bonds


Particulars

FC BONDS

a) lqliU OrU II oQ
uuUh
Zs IV uMsm II
Zs VI
Zs VII
Zs VIII
Zs IX
Zs IX M
Zs X
Zs XI
Zs XII

Out side India

27.11.2006

27.11.2016

Ms
6.365%

xjl
pUi q
pUi q
pUi q
pUi q
pUi q
pUi q
pUi q
pUi q
pUi q

eU ij

mUmYui ij

Mml SU

22.03.2003
30.09.2004
18.02.2005
29.09.2005
01.03.2006
15.09.2006
30.03.2007
09.01.2008
16.01.2009

22.04.2013
31.05.2014
18.05.2014
29.04.2015
01.05.2015
15.09.2016
30.03.2017
09.01.2018
16.01.2019

6.90%
6.75%
7.05%
7.40%
8.15%
8.85%
9.90%
9.00%
8.08%
Ms

187

500.00
500.00

C) Lower Tier II Bonds


Particulars
Series IV Opt II
Series VI
Series VII
Series VIII
Series IX
Series IX A
Series X
Series XI
Series XII

Place

Date of Issue

In India
In India
In India
In India
In India
In India
In India
In India
In India

22.03.2003
30.09.2004
18.02.2005
29.09.2005
01.03.2006
15.09.2006
30.03.2007
09.01.2008
16.01.2009

Date of
Maturity
22.04.2013
31.05.2014
18.05.2014
29.04.2015
01.05.2015
15.09.2016
30.03.2017
09.01.2018
16.01.2019

Coupon
Rate
6.90%
6.75%
7.05%
7.40%
8.15%
8.85%
9.90%
9.00%
8.08%
Total

`. in crore
75.45
263.50
500.00
500.00
425.00
575.00
400.00
700.00
325.00
3763.95

OrU I me M iWi lulqwMU xii Gh sZi M qZr


zi lqllxU W:

Terms and conditions of Innovative Perpetual Debt


Instruments (IPDI) under Tier I Capital

oM cs u uw M SUl
M W |

The Bank has not issued any IPDI during the current
financial year.

MD ADmQAD eU lW

Cl Gh sZi M qWiumh uzwiL W:

The important features of these instruments are:

r ol Mx ulS mUmYui Auk M xii


xupu W |

The debt instruments are perpetual in nature without


any specific maturity period.

r sZi, qa ucl m (oQ) M mMi q aU eqli


AmUuilr ah xii oQ W|

The instruments are Unsecured Non Convertible


Subordinated Perpetual Bonds in the nature of
promissory Notes (Bonds).

Cl sZi M xs U (x AU AD Lx AD Ls)
LLL (xjU) AU oMuM UOa U "oQosrAU LLL"
UOa Sr ar W |

The debt instruments are rated AAA (Stable) from


CRISIL and BWR AAA from Brickwork Ratings.

Cl sZi mU xsl qrS ore SU xSr W |

Fixed rate of interest is payable on the debt


instruments, annually.

ore xci lW Wa |

The interest shall not be cumulative.

eU iUZ x 10 uw oS, pUir Ueu oM M mulqSl


M xj oM Cl M sL r-ur uMsm S xMi W |

10 uw M xqmi Wl mU oM xOm-Am uMsm (sZi


M mU eulMs q LM W oU mra Mr e xMi
W) MU xMi W e 50 AkU olSA x AkM lW
Wa| pUir Ueu oM M mUm QoAQ.om.ox
x. 75/21.06.001/2010-11 SlM 20/01/2011 M
AlxU sZi M miSri M sL MD xOm-Am r
mixWl lW W | 12 xioU 2010 M mWs eU M aD
sZi oxs III M iWi m me sZi M m q
qlri mmi ol UWa |

The Bank has the call option after 10 years from the
date of issue with the prior approval of Reserve Bank
of India.

The Bank has step up option (shall be exercised only


once during the whole life of the instrument) at
the end of 10 years which shall be not more than
50 basis points. As per RBI circular DBOD.BP.BC.
No.75/21.06.001/2010-11 dated 20/01/2011 the
instruments should not have step ups or other
incentives to redeem. Instruments issued before
Sept. 12, 2010 will continue to be recognized as
eligible capital instruments under Basel III.

188

r Gh sZi sM-Cl ZhQ M Akl Wa, exM


AlxU, rS (M) oM M x AU L AU, pUir Ueu
oM U lkUi lrliq ulrqM Am x Mq W el
mU r (Z) Lx pail M mUhq xum oM M x AU
L AU, pUir Ueu oM U lkUi lrliq ulrqM
Am x Mq W ei W r lc ol UWl mU oM ore
AS MUl M sL okr lW Wa |

The debt instruments shall be subjected to a lockin clause, in terms of which, the Bank shall not be
liable to pay interest, if (a) the Banks CRAR is below
the minimum regulatory requirement prescribed
by RBI or (b) the impact of such payment results
in Banks capital to risk assets ratios (CRAR) falling
below or remaining below the minimum regulatory
requirement prescribed by the RBI.

Cl sZi q luzMiA M Su DYuO zrU q


luzMiA M Su M qMos EiU h M AU Alr
xp slSU M Su M qMos ah ql era |

xii xupu Wl M MUh, me mrmii M sL r


sZi qM o M Akl lW Wa |

The claim of investors in these instruments shall


be superior to the claims of investors in the equity
shares and subordinated to the claims of all other
creditors.

sZi lzls xOM LYxcle BT CQr sqOQ


(LlLxD) q xco W |

These debt instruments are not subjected to a


progressive discount for capital adequacy purposes
since these are perpetual in nature.

The instrument is listed on National Stock Exchange


of India Limited (NSE).

EiU OrU II oQ M qZr uzwiL lqllxU W:


oM cs u uw M SUl MD EiU OrU II oQ eU
lW M W |
Cl Gh sZi M qWiumh uzwiL W:
sZi ucl m (oQ) M m q Amipi miSr
Aklxj AmUuilr W|

The Bank has not issued Upper Tier II Bond during the
current financial year.
The important features of these debt instruments are:

The main features of Upper Tier II bonds are as follows:

Cl Gh sZi M xs U L L L (xjU) AU oM
uM UOa U oQosrAU L L L UOa Sr ar W|

The instruments are Unsecured Redeemable


Subordinated Non-Convertible in the nature of
promissory Notes (Bonds).

eU MUl M iUZ x 10 uw M oS pUir Ueu oM


M AlqSl M xj oM M mx qa uMsm W |

The debt instruments are rated AAA (Stable) from


CRISIL and BWR AAA from Brickwork Ratings.

The Bank has Call Option after 10 years from the date
of issue with the RBIs approval.

The Bank has step up option at the end of 10 years


that shall not be more than 50 basis points. As per
RBI circular DBOD.BP.BC.No.75/21.06.001/201011 dated 20/01/2011 the instruments should
not have step ups or other incentives to redeem.
Instruments issued before Sept 12, 2010 will continue
to be recognized as eligible capital instruments
under Basel III. However, RBI has accorded special
permission to us vide their communication DBOD.
BP.BC.Mo.16.284/21.06.201/2010-11 dated 19 April
2011 to reckon the Upper Tier II Series III instrument
of `1000 crore issued post Sept 12, 2010 for the
purpose of capital adequacy.

The instruments are subjected to a progressive


discount @ 20% per year during the last 5 years

10 uw M xqmi mU oM M xOm-Am uMsm W e 50


AkU olSA x AkM lW Wl W | pUir Ueu oM
M mUm QoAQ.om.ox x. 75/21.06.001/201011 SlM 20/01/2011 M AlxU sZi M miSri
M sL MD xOm-Am r mixWl lW W | 12 xioU,
2010 M mWs eU M aD sZi oxs III M iWi
m me sZi M m q qlri mmi ol UWa | ijm,
pUir Ueu oM l Aml xxcl QoAQ.om.ox.
LqA.16.284/21.06.201/2010-11 SlM 19 Ams,
2011 M U SlM 28 xioU, 2010 M eU M aD
`1000 MUQ M EiU OrU II Zs III sZi M me
mrmii Mr M sL Alql sal M uzw Alqi
mSl M W |
sZi M Aml qlri M Aiq 5 uw M SUl 20%

189

mi uw M SU mU maq o mmi W | Lx o mmi


Uzr me mrmii Ezr M sL OrU II me q
xqqsi lW W |

of their tenor. Such discounted amounts are not


included in Tier II capital for capital adequacy
purpose.

Auk M xqmi W el x r oM r-ur uMsm


MUi W i eU MUl M 10 uw M oS ok m M AMi
qsr xq qsr mU NQr e xMi W | ClM NQr el
M iUZ M oS oQ mU ore r Alrj MD Uz AS
lW M eLa | r sZi UkiqM ZhQ x q W AU
kUM M mWs Mr el mU r pUir Ueu oM M
xWqi M ol ClW NQr lW e xMi W |

The face value of the Bond is redeemable at par, on


expiry of the tenor or after 10 years from issue if
the Bank exercises Call Option. The Bond will not
carry any obligation, for interest or otherwise, after
the date of redemption. The instruments are free
of restrictive clauses and not redeemable at the
initiative of the holder or without the consent of the
Reserve Bank of India.

Cl Gh sZi q oS-ZhQ W exM AlxU (M)


oM M x AU L AU pUir Ueu oM U lkUi
lrliq ulrqM Am x Mq W, (Z) Lx pail M
mUhqxum oM M x AU L AU pUir Ueu oM
U lkUi lrliq ulrqM Am x Mq W ei W
r Mq UW ei W i oM ore AS MUl M sL okr
lW Wa|

Cl sZi q luzMiA M Su OrU I me q xqqsi


Mr el M sL m sZi q luzMiA M Su M
qMos EiU h M AU Alr xp slSU M Su M
qMos ah ql era |

The debt instruments shall be subjected to a lockin clause, in terms of which, the Bank shall not be
liable to pay interest, if (a) the Banks CRAR is below
the minimum regulatory requirement prescribed
by RBI or (b) the impact of such payment results
in Banks capital to risk assets ratios (CRAR) falling
below or remaining below the minimum regulatory
requirement prescribed by the RBI.

The claims of the investors in these instruments


shall rank superior to the claims of investors in
instruments eligible for inclusion in Tier 1 capital and
subordinate to the claims of all other creditors.

sZi lzls xOM LYxce BT CQr s. (Ll Lx D)


q xco M aD W|

The instrument is listed on National Stock Exchange


of India Limited (NSE).

lqliU OrU II oQ M qZr uzwiL lqllxU W:

The main features of Lower Tier II bonds are as follows:

oM cs u uw M SUl MD lqliU OrU II oQ eU lW


M W |

The Bank has not issued Lower Tier II Bonds during the
current financial year.

Cl oQ M Auk 5 x 10 uw M W |

r sZi mh m x mS, Amipi AU Alr slSU


M Su M mi ah, mioki ZQ x q AU kUM M
mxiu mU r pUir Ueu oM M xWqi M ol miSr
lW W |

sZi M Aml qlri M Aiq 5 uw M SUl 20%


mi uw M SU mU maq o mmi W | Lx o mmi
Uzr me mrmii Ezr M sL OrU II me q
xqqsi lW W|

Cl sZi q luzMiA M Su OrU I me q xqqsi


Mr el M sL m sZi q luzMiA M Su M
qMos EiU h M AU Alr xp slSU M Su M
qMos ah ql era |

The Bonds have a tenor ranging from 5 to 10 years.

The instruments are fully paid up, unsecured and


subordinated to the claims of other creditors, free
of restrictive clauses and not redeemable at the
initiative of the holder or without the consent of the
Reserve Bank of India.

The instruments are subjected to progressive


discounting @ 20% per year over the last 5 years
of their tenor. Such discounted amounts are not
included in Tier II capital for capital adequacy
purposes.

The claims of the investors in these instruments


shall rank superior to the claims of investors in
instruments eligible for inclusion in Tier 1 capital and
subordinate to the claims of all other creditors.

190

mUqhiqM mMOl:
qM
(M)

Uz (`
(` MUQ q)

qS

31.03.2013

OrU I me M Uz exq lql mMOl W:

mS zrU me

443.00

443.00

AUi lkr

22097.25

20104.15

lulqw sZi ($)

1589.60

1589.60

Alr me sZi

24129.85

22136.75

353.65

307.82

23776.20

21828.93

6387.99

7178.84

3357.16

2918.86

zlr

zlr

2414.29

2918.86

3763.95

4103.95

1992.70

2680.49

30164.19

29007.77

Em eQ

bOL : xZ u luz xWi OrU I me x MOi M ar Uzr

Ms OrU I me
(Z)

OrU II me M Ms Uz (OrU II me x lus MOi)

(a)

EiU OrU II me q xqqsi Mr el M sL m Gh me sZi

(b)

31.03.2012

Ms oMr Uz

Clq x cs uw M SUl eOr ar Uz

me lkr M m q ahl M sL m Uz

lqliU OrU II me q xqqsi Mr el M sL m ah Gh

Ms oMr Uz

Clq x cs uw M SUl eOr ar Uz

me lkr M m q ahl M sL m Uz

(X)

me x Alr MOir, AaU MD W i

(c)

Ms m me - OrU I + OrU II (M + Z - X)

($) xqr-xqr mU Alqi lulqwMU xii Gh sZi ij Alr mMU M sZi

191

Quantitative Disclosures:
Sl.
No.

Amount (` in crores)

Items

31.03.2013

31.03.2012

(a) The amount of Tier I Capital, with separate disclosure of


Paid-up Share Capital

443.00

443.00

22097.25

20104.15

Innovative Instruments ($)

1589.60

1589.60

Other Capital Instruments

24129.85

22136.75

353.65

307.82

23776.20

21828.93

6387.99

7178.84

3357.16

2918.86

Of which amount raised during the current year

Nil

Nil

Amount eligible to be reckoned as capital funds

2414.29

2918.86

3763.95

4103.95

Of which amount raised during the current year

Amount eligible to be reckoned as capital funds

1992.70

2680.49

30164.19

29007.77

Reserves

Sub -total
Less amounts deducted from Tier I Capital, including Goodwill and Investments.
Total Tier I capital
(b) The total amount of Tier II Capital (net of deductions from Tier II Capital)
(c) Debt Capital Instruments eligible for inclusion in Upper Tier II Capital
Total amount outstanding

(d) Subordinated Debt eligible for inclusion in Lower Tier II Capital.


Total amount outstanding

(e) Other deductions from Capital, if any.


(f) Total eligible Capital - Tier I+ Tier II (a+b-e)

($) Innovative Perpetual Debt Instruments and any other type of instruments that may be allowed from time to time.

mMOl mm isM 3 - me mrmii

TABLE DF 3: CAPITAL ADEQUACY

ahiqM mMOl:
me M CiqMUh mU W lW osM sp M AkMiqMUh
mU p krl MSi MUi WL oM l LM iaQ eZq mokl
Ucl xxjU Mrq M W iM Emsok me M xWU AkMiq
sp r miTs Emsok W | oM oxs II Rc M Alm,
u pU q xuMi Px eZq mokl mi M qlM ql
UW W exx xi M AkM MUaU CYuOr Lu uuMmh
AoOl W |

QUALITATIVE DISCLOSURES:

oM M me Arel mr q lql M xq M ei W:

In Capital Planning process the bank reviews:


Current capital requirement of the bank

oM M uiql me AuzrMi

The Bank has put in place a robust Risk Management


Architecture with due focus on Capital optimization and
on profit maximization, i.e. to do maximum business out
of the available capital which in turn maximize profit
or return on equity. Bank is benchmarking on globally
accepted sound risk management system, conforming to
Basel II framework, enabling a more efficient equitable
and prudent allocation of resources.

192

MUoU Uhli ij eZq Am M AlxU si ij


olr UZlsrM me

me AuzrMi AU me CiqMUh M me rel xqi


exM xSxr E MrmsMah W,AukMir Almuil
MUi W | Aaq q Alqli u, Alwar / xr Eq
q luz AU oxs II M mpu AS mU ucU MUi WL me
mrmii Almi M xcsl M iqW xuSlzs uzswh
Mr ei W| rW xqi me M CiqMUh M sL mUSzr
uzswh M xqci m x S q UZMU ore M u AU
me xUcl M mllrel M xU q me xaWh M sL
Emsok up uMsm M krl q UZi W |

The targeted and sustainable capital in terms of


business strategy and risk appetite.

Capital need and capital optimization are monitored


periodically by the Capital Planning Committee
comprising Top Executives. Capital requirement is
projected quarterly considering the expected growth in
advances, investments and investments in Subsidiaries/
joint ventures etc. Committee takes into consideration
various options available for capital augmentation in
tune with business growth and realignment of Capital
structure duly undertaking the scenario analysis for
capital optimization.

mUqhiqM mMOl:
qM
(M)

Uz (`
( MUQ q)

qS

31.03.2013

Gh eZq M sL me AuzrMiL
qlMMi SMh M Akl xupa

18557.45

16623.40

zlr

zlr

1462.58

778.33

38.61

6.75

436.15

368.86

1406.52

1201.45

12.40

13.76

9.77

10.35

12.61

14.02*

9.99

10.63*

Ms xAULAU (%)

sa lW

sa lW

OrU I xAULAU (%)

sa lW

sa lW

mipiMUh Gh eZq
(Z)

oeU eZq M sL me AuzrMiL


qlMMi Auk SMh
ore SU eZq
uSz ulqr eZq (xuh xWi)
DYuO eZq

(a)

mUcsl eZq M sL me AuzrMiL


AkU xMiM SMh

(b)

oM M sL Ms u OrU I xAULAU
Ms xAULAU (%)
OrU I xAULAU (%)

(X)

xqMi xqW M sL Ms AU OrU I xAULAU


Ms xAULAU (%)
OrU I xAULAU (%)

(f)

31.03.2012

qWiumh Alwa e xqMi xqW M iWi lW W,


M sL Ms AU OrU I xAULAU

*mlxqWi AMQ

193

Quantitative Disclosures:
Sl.
No.
(a)

Amount (` in crores)

Items

31.03.2013

31.03.2012

Capital requirements for Credit Risk


Portfolios subject to Standardized Approach

18557.45

16623.40

NIL

NIL

1462.58

778.33

38.61

6.75

436.15

368.86

1406.52

1201.45

Total CRAR (%)

12.40

13.76

Tier I CRAR (%)

9.77

10.35

Total CRAR (%)

12.61

14.02*

Tier I CRAR (%)

9.99

10.63*

Total CRAR (%)

NA

NA

Tier I CRAR (%)

NA

NA

Securitization Exposures
(b) Capital requirements for Market Risk - Standardized Duration Approach
Interest Rate Risk
Foreign Exchange Risk (including Gold)
Equity Risk
(c) Capital requirements for Operational Risk
- Basic Indicator Approach
(d) Total & Tier I CRAR for the Bank

(e) Total & Tier I CRAR for the Consolidated Group

(f) Total & Tier I CRAR for the Significant Subsidiary which are not under Consolidated
Group

*Figures regrouped.

mMOl mm isM 4: Gh eZq:


xqlr mMOl
ahiqM mMOl:
oM M lir xqi eZq EPl AU eZq ij miTs
q xuxj xisl M qli W | eZq mokl M AWq sr W
xuMr qlSQ M ASU Lu ulrqM mkMU, eqMiA
AU Alr xOM kUM M AmA M Alm zrU kUM M
sL qsr AkMiq oll | oM M eZq mokl M qaSzM
x W: ulrqM Lu up AmA M Almsl, eZq
AU miTs q xisl Mrq MUl, eZq r Msm M
AeS xli MUl AU eZq mokl AU urmUM sr

DF TABLE 4: CREDIT RISK: GENERAL


DISCLOSURES
Qualitative Disclosures:
The Banks policies assume moderate risk appetite and
healthy balance between risk and return. The primary
risk management goals are to maximize value for share
holders within acceptable parameters and adequately
addressing the requirements of regulatory authorities,
depositors and other stakeholders. The guiding principles
in risk management of the Bank comprise of Compliance
with regulatory and legal requirements, achieving a
balance between risk and return, ensuring independence
of risk functions, and aligning risk management and

194

M qs-qsm | oM M Gh eZq mokl mr zzs


xaPliqM xxMi Lu Px mUcsliqM mrA M mj
mU csi W exq MmUO qsr, Apu, xqir, urmUM
l xkl M lrel, AiUM lrh xxMi, mpuzs
AiUM UmOa Lu mxaM relA M xquz Wi W |

business objectives. The Credit Risk Management process


of the Bank is driven by a strong organizational culture
and sound operating procedures, involving corporate
values, attitudes, competencies, employment of business
intelligence tools, internal control culture, effective
internal reporting and contingency planning.

oM M xqa xZ eZq mokl Ezr lqllxU W:

The overall objectives of Banks Credit Risk Management


are to:

uU xisi ahiqM M xj-xj W mUqhiqM Gh


u exq eZq M AkMiq uukMUh W, xli
MUl |

Ensure credit growth, both qualitatively and


quantitatively that would be sectorally balanced,
diversified with optimum dispersal of risk.

Gh eZq AU xupa mU eU ulrqM uuMmh


qlSQ M Almsl xli MUl |

Ensure adherence to regulatory prudential norms on


exposures and portfolios.

Gh eZq q lWi uuk mMU M eZq M mrmi m


x qsrlkUh |

Adequately pricing various risks in the credit


exposure.

xp ur eZq M mokl M LMMi xxOq M lqh


MUl exM iWi Gh eZq M mWcl, qml, laUl
AU lrh zqs W |

Form part of an integrated system of risk


management
encompassing
identification,
measurement, monitoring and control.

Uhlir AU mrr:
Gh eZq mokl M Emr Ezr M xMU MUl M sL oM
Gh eZq M mWcl, qml, xua Lu xqrl iMlMr,
Almuil AU UmOa, eZq lrh / mzql iMlMr ij
xqxrqsM Gh / EkU M mokl M sL AlMlM mir
lkUi MUi W| oM l si oeU, eZq xuMri qlM,
Gh AlqSl mkMU AU Gh urim / AlUh mrA M
p mUpwi Mr W|
Cl Uhlir M Gh eZq mzql M sL up Emr M S
q UZMU mri Mr ar W elq qWiumh ij si
oeU M mWcl, ulriqM qaSz xi AU eZq
xpsl q oM M qi, xMSM eZq AU UOa M AkU
mU qsrl M xuMr xiU xqWi W |

Strategies and processes:


In order to realize the above objectives of Credit Risk
Management, the Bank prescribes various methods for
Credit Risk identification, measurement, grading and
aggregation techniques, monitoring and reporting,
risk control / mitigation techniques and management
of problem loans / credits. The Bank has also defined
target markets, risk acceptance criteria, credit approval
authorities, and guidelines on credit origination /
maintenance procedures.
The strategies are framed keeping in view various measures
for Credit Risk Mitigation, which includes identification of
thrust areas and target markets, fixing of exposure ceiling
based on regulatory guidelines and risk appetite of the
Bank, minimizing concentration Risk, and pricing based on
rating.

oM xqr-xqr mU ZQ M mMOl ij Ajuruxj M qa


M AkU mU Gh Sl M sL qi rar AU EimSl M
mWcli W | uiql AjM mUSzr M AkU mU Ea /
M qsrMl M AkU mU uMx qi lW UWlus q oM
Gh M mioki UZi W |

Bank from time to time would identify the potential and


productive sectors for lending, based on the performance
of the segments and demands of the economy. The Bank
restricts its exposures in sectors which do not have
growth potentials, based on the Banks evaluation of
industries / sectors based on the prevailing economic
scenario prospects etc.

Gh x xoki oM M mUcsl mrL AU mhsr xSR


Gh eZq mokl xi mU lqi W AU r AukM m x
xq M Akl W |

The operational processes and systems of the Bank


relating to credit are framed on sound Credit Risk
Management Principles and are subjected to periodical
review.

195

Gh mxiu mU xqci m x krl Sr el M mr M iU


mU oM M urmM Gh eZq mWcl mr W |

The Bank has comprehensive credit risk identification


processes as part of due diligence on credit proposals.

Gh eZq mokl Mr M xUcl AU xaPl: oM q Gh


eZq mokl xUcl lqllxU W-

The structure and organization of the Credit Risk


Management Function: Credit Risk Management
Structure in the Bank is as under-

lSzM qQs

Board of Directors

oQ M eZq mokl xqi (AU Lq x)

Risk Management Committee of the Board (RMC)

Gh eZq mokl xqi (x AU Lq x)

Credit Risk Management Committee (CRMC)

qW mokM - eZq mokl


(qZr eZq AkMU)

General Manager-Risk Management Wing, H.O


(Chief Risk Officer)

Gh eZq mokl mpa, eZq mokl upa

Credit Risk Management Department, Risk


Management Wing

xZ eZq mokl mpa q xZ li Alpa, xZ


xZrM Alpa AU xZ eZq mokl Alpa Wi
W | xZ eZq mokl Alpa q il MqMe QxM
W ex xZ eZq mokl QxM, xZ eZq UOa
QxM AU Ea Alxkl QxM |

Acs Mrsr q eZq mokl AU xZ xq


Alpa

The Credit Risk Management Department


comprises of Credit Policy Section, Credit
Statistics Section and Credit Risk Management
Section. The Credit Risk Management Section
has three functional desks, the Credit Risk
Management Desk, Credit Risk Rating Desk and
Industry Research Desk.

Risk Management & Credit Review Section at


Circle Offices.

upa, mkl Mrsr

eZq UmOa AU / r qml xxOq M Mr


AU mMi:
oM M LM xqci eZq qml AU laUl mr W | eZq
M qml, oM U xjmi Gh eZq UOa AU xMUa qQs
M lkUi qeU mu mr x xm Wi W | Cl eZq q x
mirM M iWi qlSQ M mWcl M xj-xj ElW pUi xMU
lkUi MUl M sL AU I x VIII M mql q ElM UOa M
sL oM q xuruxji m x lkUi SzlSz W |
me mUMsl M sL qlMMi SMh M xok q pUir
Ueu oM M SzlSz M AlxU m Gh eZq M eZq
pUi MUl M sL qlrimmi o Gh qsrMl xxjl (D x
L AD) U S aD UOa M mra / qml M xok q oM U
li mri M aD W |
Gh eZq qml M sL xqxi Gh xupa M sL oM l
qlMMi SMh Amlr W |
Gh eZq M xq MUl AU up SMh x Gh xupa
M laUl, uzswh MUl M sL xp mokl xcl mhs M
AmA M sL LM mpu Gh QO xaW xjmi MUl, eZq
pUi Axir (AU Qosr L) M mUMsl, Gh xok up

The scope and nature of risk reporting and / or


measurement systems:
Bank has an appropriate credit risk measurement and
monitoring processes. The measurement of risk is through
a pre-sanction exercise of credit risk rating and scoring
models put in place by the Bank. The Bank has well laid
down guidelines for identifying the parameters under
each of these risks as also assigning weighted scores
thereto and rating them on a scale of I to VIII.
The Bank also has a policy in place on usage/mapping of
ratings assigned by the recognized ECAIs (External Credit
Assessment Institutions) for assigning risk weights for
the eligible credit exposures as per the guidelines of the
RBI on standardized approach for capital computation.
The Bank has adopted Standardized Approach for entire
credit portfolio for credit risk measurement.
The Bank has embarked upon a software solution to
get system support for establishing a robust credit
data warehouse for all MIS requirements, computation
of Risk Weighted Assets (RWA), generate various credit

196

UmO M irU MUl M sL ij xxOq xqjl mmi MUl Wi


oM l LM xnOurU xsrzl M Emra Mr W |
ocu uruxj (Wea) AU / r eZq M Mq MUl AU ocu
uruxj / mzqM M xii mpuzsi M laUl MUl M sL
Uhlir AU mrL:
Gh qeU MUi xqr oM qZri EkUMi M ur xSRi AU
Gh M AS MUl M qi mU lpU UWi W | cMi M xi M
m q r EkUMi M Ghmi M qsrMl M sL LM uMsm
M m q xmM r aUOr mU oM AirkM lpU lW UWi
W | Lx urr elW Gh M sL m M m q qsrMi Mr
ar W, M Mus Cx AkU mU W Gh AxuMU lW MU Sr
ei W M ElM mx mrmi xmM lW W |
Aml Gh eZq luz M mokl MUl M sL oM l Gh
qsrMi AU AlqSl lir AU mrr AmlD W elM
Alr MqMe upa x mUqz MUi WL mkl Mrsr xiU mU
eZq mokl upa U xq M ei W AU Ail Mr
ei W | Gh qsrMl AU AlqSl mrA M xjsi: Gh
qsMMUh, qsrMl AU AlqSl ij lmOl q upei
Mr ar W |
MmUO url AU mUrel url Gh, uz m x
xjU Axir, xqlrir xm, xr AU EmMUh mU mjq
aWhkMU M U mipi W | oM ur Axir ex
umhlrar mipir M aUu M mipi p si W AU eW
MW xai W MmUO aUOr AU urM aUOr mmi M ei
W | Mrzs me Gh cs Axir, elq xOM AU mmr
Uzr lWi W, mU uz m x mjq aWhkMU M U mmi
Mr ei W |
xmM mU oM M mpU M Mll lii M xli
MUl M sL SxiueMUh mU oM l uxii SzlSz lkUi
Mr W |

related reports for review of exposure and monitoring,


and conducting analysis of credit portfolio from various
angles.
Policies for hedging and / or mitigating risk and
strategies and processes for monitoring the continuing
effectiveness of hedges / mitigants:
Bank primarily relies on the borrowers financial strength
and debt servicing capacity while approving credits. Bank
does not excessively rely on collaterals or guarantees as
a source of repayment or as a substitute for evaluating
borrowers creditworthiness. The Bank does not deny
credit facilities to those assessed as credit worthy for
mere want of adequate collaterals.
In order to manage the Banks credit risk exposure, the
Bank has adopted credit appraisal and approval policies
and procedures that are reviewed and updated by the
Risk Management Wing at Head office in consultation
with other functional wings. The credit appraisal and
approval process is broadly divided into credit origination,
appraisal, assessment and approval, and dispensation.
Corporate finance and project finance loans are typically
secured by a first lien on fixed assets, normally consisting
of property, plant and equipment. The Bank also takes
security of pledge of financial assets like marketable
securities and obtains corporate guarantees and personal
guarantees wherever appropriate. Working Capital loans
are typically secured by a first lien on current assets,
which normally consist of inventory and receivables.
Bank has laid down detailed guidelines on documentation
to ensure legal certainty of Banks charge on collaterals.

Mx uz Ea M u AU spmSi M Alql M AsM


q AU oM M eZq-uWl qi M SZi WL Mx uz
Ea / q xupa uukMUh M xli MUl AU
Ms url eZq M qsrMl MUl oM M li W | oM
Ajuruxj M xp oQ AU uz m x up Ea
AU xuSlzs M uz eZq M laUl MUi W|
AaM MrMsm M Gh eZq, oM U lkUi Gh
eZq xqL e Ex Ea M MrlwmSl M uzswh M
AkU mU lkUi M ei W, M Akl W | oM M LMs AU
xqW EkUMiA M Gh eZq xj W oQ eZq M laUl
M ei W AU Ex xqr-xqr mU pUir Ueu oM U xci
Mr aL AlxU uuMmh xq qlSQ M piU lri Mr
ei W |

The Banks policy is to ensure portfolio diversification and


evaluate overall exposure in a particular industry / sector
in the light of forecasts of growth and profitability for
that industry, and the risk appetite of the Bank. The Bank
monitors exposures to major sectors of the economy and
specifically exposure to various industries and sensitive
sectors. Exposure to industrial activities is subjected
to the credit exposure ceilings fixed by the Bank based
on the analysis on performance of the industry. The
Banks exposures to single and group borrowers as also
substantial exposure is fixed as per the risk rating of the
borrowers and monitored periodically in order to keep
the exposure level within the prudential ceiling norms
advised by Reserve Bank of India from time to time.

Gh urim qs xiU x Wi W exM zZ i AU Acs


Mrsr pUmU qSS MUi W | maR qsrMl, xqci eaMi

The credit origination is through the grass root level ably


assisted by the branch network and Circle Offices. The

197

AU lkUh M AUp Mr el M mWs W mWcl AU Almra


M mr mUp W ei W |
Gh AlqSl mr LM xu Az Wi W e qeU mu
Aprl M m q EkUMi M AkSziqM Gh eZq M
UOa Mr el x z Wi W | EkUMi M xj sa WA Gh
eZq M qm-is, EkUMi M AjM xji, lMS muW,
r-Msm, uiql oeU uruWU, ai uruWU, mokl qir,
xWra urmU lMr M xj Alpu, xukA M xupu
AS M qsrMl MUi W | up mkMUr M EkUMiA
M AiUM eZq UOa h M AkU mU xZ qeU AkMU
M mirrei Mr ar W | u qsr M Akxcl M AlxU
oM M mkl Mrsr ij Acs Mrsr q xZ AlqSl
xqir M aPl Mr ar W | mzxlM CMCr (Aji zZ
AkMU M Asu) M xp qeU mkMUr M xZ qeU
AkMU M umx sr ar W ij xqi SMh M sar
ar W | oM l clS zWU q Gh uiUh xUs oll M sL
ij uzwMi krl xli MUl M sL MSMi mxxMUh
MS (xmr), ZSU Axi MS (AULLc) ij LxLqD xsp
xxjmi Mr ar W |
lrh Mr M oRl M sL, uzwMi Gh xq, xqxr
Zi M laUl, xZ sZ mU AS z MUl M sL,
Asa xZ mzxl u laUl upa MrUi W | Cx x Gh M
qeU EmUi Almuil mU AkM eU xli Mr e xMi W
AU Gh xq i xok lir q Emsok up EmMUh M
Almra M zzs olr e xMi W |
Gh M mpu xq M sL oM l lqlsZi mhs xjmi
M W :

mWcl MUl, uzswh MUl AU xqr mU MUuD MUl AU


xkU M sL Gh sZ mU mhs |

mirM qeUSi mkMU U SL aL Gh M xq Exx


Aas EiU mkMU U M ei W |

LM mirM xq M FmU M EkU Zi M qkruk xq


M ei W |

up xiU q uzw laUl Zi M Almuil | uzw


laUl xc q mMO Wlus Zi q x `1 MUQ AU
Exx AkM Ghus Zi M Almuil M sL Acs /
mkl Mrsr q Txsl mokl xqi M aPl |

process of identification, application is carried out before


commencing an in depth appraisal, due diligence and
assessment.
The credit approval process is a critical factor and
commences with the mandatory credit risk rating of the
borrower as a pre sanction exercise. The measurement
of Credit Risk associated with the borrower evaluates
indicative factors like; borrowers financial position,
cash flows, activity, current market trends, past trends,
management capabilities, experience with associated
business entities, nature of facilities etc. The credit
sanctioning powers delegated to the various authorities
based on internal risk rating categories of the borrower
already put in place. In terms of the Ministry of Finance
notifications, bank has set up Credit Approval Committees
at HO and circle levels. The credit sanctioning powers of
all the sanctioning authorities at administrative units
(i. e. besides branch powers) are withdrawn and the
committee approach for credit approval has been put
in place. The Bank has in place specialized branches viz.
Centralized Processing Units (CPUs), Retail Asset Hubs
(RAHs) and SME Sulabhs at select cities to ease credit
dispensation turnaround time and ensure specialized
attention.
To enhance the control measures , a separate Credit
Monitoring and Administration Wing is in place to
undertake exclusive loan review ,monitoring problem
accounts, credit audit ,etc. This ensures greater thrust
on post sanction monitoring of loans and strengthen
administering the various tools available under the
Banks policies on loan review mechanism.
For effective loan review, the Bank has the following in
place:

Credit Audit System to identify, analyze instances of


non-compliance and rectification.

Review of loan sanctioned by each sanctioning


authority by the next higher authority.

Mid Term Review of borrowal accounts beyond a


certain level of exposure.

Monitoring of special watch accounts at various


levels. Formation of Slippage Management
Committee at HO / Circles to monitor the accounts
with exposure of `1 Crore & above, among the list of
accounts appearing in SWL

198

laUl Emr ex Gh laUl TqO (uo AkUi), iqW


xcl mhs, Ak uwM mUcsl mhs, xOM sZmU, uzw laUl xc Zi AS |

zZA q Almuil Mr M sL mpU Gh Almuil


AkMU |

Msii AU AleM Gh: Ar M mWcl, Axi uaMUh


AU muklMUh M sL sa uuMmh qlSQ M AlxU oM
lqlsZi Gh AU Aaq M hr M AleM Axir M
m q lkUi MUi W, eW :

Monitoring tools like Credit Monitoring Format (webbased), Quarterly Information Systems, Half Yearly
Operation Systems, Stock Audits, Special Watch List
Accounts, etc.

Credit Monitoring Officers at branches in charge of


monitoring functions.

Loans Past due and Impaired: As per the prudential norms


applied for income recognition, asset classification and
provisioning, the Bank considers following categories of
loans and advances as Non-performing Assets, wherein:

Interest and/or installment of principal remain


overdue for a period of more than 90 days in respect
of a Term Loan.

The account remains out of order in respect of an


Overdraft/Cash Credit (OD/CC). An account should
be treated as out of order if the outstanding balance
remains continuously in excess of the sanctioned
limit/drawing power. In cases where the outstanding
balance in the principal operating account is less
than the sanctioned limit/drawing power, but there
are no credits continuously for 90 days as on the date
of Balance Sheet or credits are not enough to cover
the interest debited during the same period, these
accounts should be treated as out of order.

The bill remains overdue for a period of more than


90 days in the case of Bills Purchased and Discounted

xuk Gh M xok q 90 Sl x AkM M Auk M sL


ore AU / r qskl M Mxi AiSr W |

AkuMw / lMS EkU M qqs q Zi Auruxji


W ei W| oMr zw xuMi xq / AWUh AkMU x
saiU AkM UWl sai W i Zi M Auruxji ql
ei W| mUcsl Zi q oMr zw xuMi xq / AWUh
AkMU x Mq W, sMl rj isl m M iUZ M
saiU 90 Sl iM MD eq lW W r Ex Auk M SUl
lq Qs ar ore M sL Uz mrmi l W i Cl Zi M
Auruxji qll cWL|

r ML aL AU plr ar os M qqs q e os 90
Sl x AkM M Auk M sL AiSr W |

Mw Aaq, ore AU / r qskl M Mxi M qqs q e


2 Txs qxq (Asmuk Txs M xok q) AU 1 Txs
qxq (Sbuk Txs M xok q) x AiSr W |

In case of agricultural advances, interest and/or


installment of principal remains overdue for 2 crop
seasons (in respect of short duration crops) & 1 crop
season (in respect of long duration crops).

Alr Zi M xok q MD p mmr Uz e 90 Sl x


AkM M Auk M sL AiSr W |

Mx iqW q mpUi ore e Ex iqW M Ai x 90


Sl M piU mU iUW cMr lW ar W |

Any amount receivable that remains overdue for


a period of more than 90 days in respect of other
accounts.

Interest charged during any quarter is not serviced


fully within 90 days from the end of the quarter.

uiql q oM qlMMi SMh M iWi xZ eZq M sL


me mpU M mUMsl MUi W | oM l oxs II M iWi
LQuxQ SMh q AiUh M sL AuzrM MSq EPr W ij
xZ eZq M sL me mpU M mUMsl Wi AiUM UOa
AkUi SMh Amll M sL Azr-m pUir Ueu oM
M Se Mr W | Aa, oM l LQuxQ SMh q AiUh M sL
AuSl M irU MUl M sL ij CxM Mrlurl M sL LM
mUqzSi M lrei Mr W |

199

At present Bank is computing capital charge for


Credit Risk under Standardized Approach. The Bank has
taken steps to migrate to advanced approaches under
Basel II and a Letter of Intent for adoption of Internal
Rating Based (IRB) Approach for calculation of capital
charge for Credit Risk was filed with RBI. Further Bank
has appointed a Consultant to guide the bank in making
applications for moving over to Advanced Approaches
and its implementation.

mUqhiqM mMOl:
(M) Ms xMs Gh eZq

(Uz ` MUQ q)
lk AkUi Gh eZq

xqa Gh eZq

aU - lk AkUi
Gh eZq

31.03.2013

31.03.2012

31.03.2013

31.03.2012

243935.83

233606.79

244969.69

188245.55

Ms xqa Gh eZq (Gh eZq mzql iMlM M mpu


ESWUhj xmM AU xqrel M krl q UZ ol mrer
sZMl mhs M AlxU mixisl M sZMl MUl M oS)

Quantitative Disclosures:
(a) Total Gross Credit Exposures
Amount (` in crores)
Fund Based Exposures

Non-fund Based Exposures

31.03.2013

31.03.2012

31.03.2013

31.03.2012

243935.83

233606.79

244969.69

188245.55

Overall Credit exposure


Total Gross Credit Exposures (after accounting offsets in
accordance with the applicable accounting regime and
without taking into account the effects of Credit Risk
Mitigation techniques, e.g. collateral and netting)

(Z) Gh eZq M pasM xuiUh:

(Uz ` MUQ q)

Gh eZq

lk AkUi
31.03.2013

Sz mUcsl
uSz mUcsl

31.03.2012

aU - lk AkUi
31.03.2013

31.03.2012

228718.72

222494.35

238054.16

181152.77

15217.11

11112.44

6915.53

7092.77

(b) Geographic Distribution of Exposures:


Amount (` in crores)
Exposures

FUND BASED
31.03.2013

31.03.2012

NON-FUND BASED
31.03.2013

31.03.2012

Domestic operations

228718.72

222494.35

238054.16

181152.77

Overseas operations

15217.11

11112.44

6915.53

7092.77

200

(a) Ea M mMU M AlxU Gh eZq M xuiUh (uM)


qM

Ea

1.5
1.6
1.7

Zll AU EiZll
Z mxxMUh
1.2.1 cl
1.2.2 Z is AU ulxmi
1.2.3 cr
1.2.4 Alr
mr u ioM
ux
1.4.1 Fl ux
1.4.2 eO ux
1.4.3 Alr ux
cqQ u cqQ EimS
sMQ AU sMQ EimS
Mae u Mae M EimS

1.8

mOsrq, Mrs EimS AU mUqh Dkl

1.9

Uxrl AU Uxrl EimS

1.1
1.2

1.3
1.4

lk AkUi oMr
31.03.2013
31.03.2012
2298
1414
5724
4782
2016
1650
206
176
132
190
3370
2766
697
562
12396
11155
5203
4482
137
148
7057
6525
978
958
388
300
2068
1815
4428
7128

(` MUQ q)
Ll LT o oMr
31.03.2013
31.03.2012
471
325
350
148
52
24
37
34
65
0
196
90
22
23
1492
846
264
69
10
5
1218
772
69
19
112
91
47
90
2119
1961

4064

2948

530

2008

289

196

69

37

1.9.2 Awk u TqxrOMsx

1661

1442

194

1801

1.10
1.11

1.9.3 mO MqMsx
1.9.4 Alr
UoQ, msxOM u ElM EimS
zz AU zz M xql

471
1642
1330
119

81
1229
1294
101

28
239
143
3

18
152
111
3

1.12

xqO AU xqO EimS

953

939

122

30

1.13

qs ki AU ki EimS

18388

15598

3731

2644

1.13.1 sW AU Cxmi

11975

9517

2816

1641

1.9.1 EuUM

1.13.2 Alr ki AU ki EimS

6413

6081

915

1003

1.14

xp CelrUa
1.14.1 CsYOlM
1.14.2 oes
1.14.3 Alr

6448
1028
1630
3791

7390
685
3285
3420

5282
1005
1946
2331

5123
955
2192
1976

1.15

uWl, uWl M me AU riri M EmMUh

3220

2003

567

174

1.16
1.17
1.18

U AU Apwh
lqh
AkUpi xUcl
1.18.1 Fe
1.18.2 SUxcU
1.18.3 xQM
1.18.4 ml
1.18.5 Alr AkUpi xUcl
Alr Ea

2964
4563
50462
31270
8004
6074
716
4399
21668

2417
3884
40757
22788
7297
5354
1374
3944
38202

1198
4117
3982
3469
312
157
5
39
717

2527
2138
5021
3937
668
194
80
142
142

143155

143647

25074

24322

1.19

Ea (sb, qkrq AU oQ mql M Ms)

201

(c) Industry Type Distribution of Exposures (Global)


SL.
NO.
1.1
1.2

1.3
1.4

1.5
1.6
1.7
1.8
1.9

INDUSTRY
Mining and Quarrying
Food Processing
1.2.1 Sugar
1.2.2 Edible Oils and Vanaspati
1.2.3 Tea
1.2.4 Others
Beverage & Tobacco
Textiles
2.4.1 Cotton Textiles
2.4.2 Jute Textiles
2.4.3 Other Textiles
Leather & Leather Products
Wood and Wood Products
Paper & Paper Products
Petroleum, Coal Products and Nuclear
Fuels
Chemicals and Chemical Products
1.9.1 Fertilizer

FUND BASED OUTSTANDING


31.03.2013
31.03.2012
2298
1414
5724
4782
2016
1650
206
176
132
190
3370
2766
697
562
12396
11155
5203
4482
137
148
7057
6525
978
958
388
300
2068
1815
4428
7128
4064

2948

(` in crores)
NFB OUTSTANDING
31.03.2013
31.03.2012
471
325
350
148
52
24
37
34
65
0
196
90
22
23
1492
846
264
69
10
5
1218
772
69
19
112
91
47
90
2119
1961
530

2008

289

196

69

37

1.9.2 Drugs & Pharmaceuticals

1661

1442

194

1801

1.10
1.11

1.9.3 Petro Chemicals


1.9.4 Others
Rubber, Plastic & their Products
Glass and Glassware

471
1642
1330
119

81
1229
1294
101

28
239
143
3

18
152
111
3

1.12

Cement and Cement Products

953

939

122

30

1.13

Basic Metal and Metal Products

18388

15598

3731

2644

1.13.1 Iron and Steel

11975

9517

2816

1641

1.13.2 Other Metal and Metal Products

6413

6081

915

1003

All Engineering
1.14.1 Electronics
1.14.2 Electricity
1.14.3 Others
Vehicles, Vehicle Parts and Transport
Equipments
Gems & Jewellery
Construction
Infrastructure
1.18.1 Power
1.18.2 Telecommunications
1.18.3 Roads
1.18.4 Ports
1.18.5 Other Infrastructure
Other Industries
INDUSTRY (Total of Small, Medium and
Large Scale)

6448
1028
1630
3791

7390
685
3285
3420

5282
1005
1946
2331

5123
955
2192
1976

3220

2003

567

174

2964
4563
50462
31270
8004
6074
716
4399
21668

2417
3884
40757
22788
7297
5354
1374
3944
38202

1198
4117
3982
3469
312
157
5
39
717

2527
2138
5021
3937
668
194
80
142
142

143155

143647

25074

24322

1.14

1.15
1.16
1.17
1.18

1.19

202

Ea M Gh eZq eW oMr eZq oM M Ms xqa Gh eZq M 5% x AkM W, lqlui W:


Ms Gh eZq
Ms xqa Gh
qM
Ea
eZq M %
(` MUQ q)
sW u Cxmi
1
14791
6.06%
Fe
2
34739
14.24%
3

Alr Ea

22384

9.18%

Credit Exposure of industries where outstanding exposure is more than 5% of the Total Gross Credit Exposure of the
Bank is as follows:
Sl.
No.

Total Exposure
(`. in Crores)

Industry

% of Total Gross Credit


Exposure

Iron & Steel

14791

6.06%

Power

34739

14.24%

Other Industries

22384

9.18%

(b) Axir M Auz xuSiqM mUmYui upel (uM)


(` MUQ q)
mUmYui xum

Aaq

luz

uSz qS Axi

0 x 1 Sl

5408.33
(8634.02)

306.94
(350.60)

842.73
(772.15)

2 x 7 Sl

6689.13
(7488.81)

873.88
(3058.59)

1643.77
(1505.11)

8 x 14 Sl

7203.89
(7209.16)

528.41
(910.01)

1208.98
(542.31)

15 x 28 Sl

9021.95
(7027.99)

2072.29
(1967.46)

2304.91
(876.17)

29 Sl x 3 qWl iM

22667.97
(26996.74)

8987.10
(6485.29)

6722.40
(5994.81)

3 qWl x AkM u 6 qWl iM

20393.30
(21003.96)

1557.68
(983.46)

5074.75
(4447.25)

6 qWl x AkM u 1 xs iM

39728.83
(32222.77)

1613.55
(1550.50)

2793.29
(911.19)

1 xs x AkM u 3 xs iM

65415.73
(57403.00)

7672.61
(3715.24)

1380.99
(1175.59)

3 xs x AkM u 5 xs iM

23289.20
(24790.81)

18699.15
(12838.05)

1565.29
(1143.07)

5 xs x AkM

42358.28
(39712.56)

78821.22
(70198.22)

1812.29
(1954.50)

242176.62
(232489.82)

121132.83
(102057.42)

25349.40
(19322.15)

Ms
(mirM AMQ M lc MM q mNs xs M AMQ Sr W)

203

(d) Residual Contractual Maturity Breakdown of Assets (Global)


Maturity Pattern

(`. in Crores)
Advances

Investments

Foreign
Currency Assets

0 to 1 day

5408.33
(8634.02)

306.94
(350.60)

842.73
(772.15)

2 to 7 days

6689.13
(7488.81)

873.88
(3058.59)

1643.77
(1505.11)

8 to 14 days

7203.89
(7209.16)

528.41
(910.01)

1208.98
(542.31)

15 to 28 days

9021.95
(7027.99)

2072.29
(1967.46)

2304.91
(876.17)

29 days to 3 months

22667.97
(26996.74)

8987.10
(6485.29)

6722.40
(5994.81)

Over 3 months & upto 6 months

20393.30
(21003.96)

1557.68
(983.46)

5074.75
(4447.25)

Over 6 months & upto 1 year

39728.83
(32222.77)

1613.55
(1550.50)

2793.29
(911.19)

Over 1 year & upto 3 years

65415.73
(57403.00)

7672.61
(3715.24)

1380.99
(1175.59)

Over 3 year & upto 5 years

23289.20
(24790.81)

18699.15
(12838.05)

1565.29
(1143.07)

Over 5 years

42358.28
(39712.56)

78821.22
(70198.22)

1812.29
(1954.50)

242176.62
(232489.82)

121132.83
(102057.42)

25349.40
(19322.15)

Total
(The figures in brackets relate to previous year).

204

(X) AleM Axir:

(` MUQ q)

qM

qS

31.03.2013

31.03.2012

xMs Ll m L

6260.17

4031.75

AuqlM

4278.71

2444.91

xSak 1

782.85

583.34

xSak 2

575.20

903.17

xSak 3

573.58

52.36

49.83

47.97

5278.07

3386.31

xMs Ll m L M mi xMs Aaq (%)

2.57

1.73

lus Ll m L M mi lus Aaq (%)

2.18

1.46

mUpM zw

4031.75

3137.36

xukl

5819.30

4589.84

Mq

3590.89

3695.45

Ci zw

6260.16

4031.75

598.56

756.03

8.67

8.28

uw M SUl ML aL mukl

1860.99

1294.06

AiU mukl M o Zi / (mlsZl) q Qsl

1535.26

1459.81

Ci zw

932.96

598.56

c)

AleM luz xok Uz

225.76

179.95

N)

AleM luz Wi kUi mukl xok Uz

201.26

179.95

e)

luz mU qsrx Wi mukl M EiU-cRu


629.90

383.58

25.77

325.07

0.00

0.00

AiU mukl M misZl

437.96

78.75

Ci zw

217.71

629.90

M)

Wl
Z)

lus Ll m L

a)

Ll m L Almi

b)

X)

Ll m L M EiU-cRu (xMs)

AleM Axi M EiU - cRu Wi mukl


mUpM zw
ulqr AxjUi mU xqrel

mUpM zw
Auk M SUl Mr ar mukl

o Zi q Qsl
**

(*)qsrx M sL mukl - `2.81 MUQ (mNs uw `300.49 MUQ), LlmAD M sL mukl - `11.18 MUQ (mNs uw `16.88
MUQ) AU qS AxjUi - `11.78 MUQ (mNs uw `7.70 MUQ)
(**) `423.03 MUQ (mNs uw `44.70 MUQ) M qsrx, `14.93 MUQ (mNs uw `34.05 MUQ) M LlmAD M sL AkM
mukl M misZl|

205

`. in Crores

(e) Non-Performing Assets:


Sl.
No.

Items

31.03.2013

31.03.2012

6260.17

4031.75

4278.71

2444.91

Doubtful 1

782.85

583.34

Doubtful 2

575.20

903.17

Doubtful 3

573.58

52.36

49.83

47.97

5278.07

3386.31

Gross NPAs to Gross Advances (%)

2.57

1.73

Net NPAs to Net Advances (%)

2.18

1.46

Opening balance

4031.75

3137.36

Additions

5819.30

4589.84

Reductions

3590.89

3695.45

Closing Balance

6260.16

4031.75

598.56

756.03

8.67

8.28

Provisions made during the Year

1860.99

1294.06

Write-off/(write back) of excess provisions

1535.26

1459.81

Closing Balance

932.96

598.56

Amount of Non-performing Investments

225.76

179.95

201.26

179.95

629.90

383.58

25.77

325.07

0.00

0.00

Write Back of excess Provisions**

437.96

78.75

Closing Balance

217.71

629.90

a) Gross NPAs
Sub-Standard

Loss
b) Net NPAs
c) NPA Ratios

d) Movement of NPAs (gross)

e) Movement of Provisions for NPAs


Opening Balance
Adjustment towards Exchange Fluctuation

f)

g) Amount of Provisions held for Non-performing Investments


h) Movement of Provisions for Depreciation on Investments
Opening Balance
Provisions made during the period*
Write-off

(*)Provision for Depreciation of `2.81Crore (Previous Year - `300.49 Crore), Provision for NPI of `11.18 Crore (Previous
Year - `16.88 Crore), Exchange Fluctuation of `11.78 Crore (Previous Year - `7.70 Crore)
(**)Write back of excess provision for Depreciation of `423.03 Crore (Previous Year - `44.70 Crore), Provision for NPI of
`14.93 Crore (Previous Year - `34.05 Crore).

206

mMOl mm is
isM
M 5 - qlMMi SMh
M Akl xupa
upa M mMOMUh:

DF TABLE 5: DISCLOSURES FOR PORTFOLIOS


SUBJECT TO THE STANDARDIZED APPROACH:

ahiqM mMOl:

Qualitative Disclosures:

(M) qlMMi SMh M Aiai xupa M sL:

(A) FOR PORTFOLIOS UNDER THE STANDARDIZED


APPROACH:
The Bank has recognized following credit rating
agencies for the purpose of rating of an exposure
& assigning risk weights for computation of capital
charge under standardized approach.

oM l qlMMi SMh M iWi me mpU M mUMsl M


sL Gh eZq M UOa ij eZq pUi lkUh M sL
lql xZ UOa Lexr M AlqSi Mr W |
Sz xZ UOa Lexr:
oMuM UOax CQr mCuO sqOQ (oMuM)
xZ uzswh u Alxkl sqOQ (MrU)
xs sqOQ
CMU sqOQ
CQr UOax (mWs Tc CQr)
Lx Lq D UOa Lex BT CQr sqOQ (xqU)

Domestic credit rating agencies:


Brickwork Ratings India Private Limited
(Brickwork),
Credit Analysis & Research Limited (CARE),
CRISIL Limited,
ICRA Limited,
India Ratings (Formerly FITCH India)
SME Rating Agency of India Ltd (SMERA).

AiUr xZ UOa Lexr:


xOQQ u mAU
qQe
Tc
Lexr M Cxiqs ML aL Gh eZq M mMU:
Emr xp Lexr M xp mMU M Gh eZq M UOa M
sL AlqSi Mr ar W |
oMa oWr q xuelM laq xok UOa M islr Axi
q AiUh MUl Wi mr mr xok uuUh:

oM xuelM m x Emsok mji uk UOa M Emra


MUi W elM xq qlrimmi ij oWU Gh qsrMl
xxjA M m q el elus oWU Gh qsrMl
xxjl (DxLAD) MUi W |

International Credit Rating Agencies:


Standard & Poor
Moodys
FITCH.
Types of exposure for which each agency is used:
All the above agencies are recognized for rating all types
of exposures.
A description of the process used to transfer public issue
ratings onto comparable assets in the banking books:

The Bank uses only publicly available solicited


ratings that are valid and reviewed by the recognized
External Credit Rating Agencies, referred as External
Credit Assessment Institutions (ECAI).

EkUMi M Gh eZq pUi M mWcll Wi oM U,


eW MW sa W, xuk UOa r oM Gh UOa M mra
MUi W | eW eUMi UOa Emsok W, eo iM oM Gh
M uz m x UOa lW Mr ar W, io iM oM Cx
mMU M UOa M Cxiqs MUi W|

Wherever available, the Bank uses Facility Rating or


Bank Loan Rating for risk weighting the borrowers
exposures. Where Issuer Rating is available, the
Bank uses such ratings unless the bank loan is
specifically rated.

oM U LM W EkUMi M Mx LM Gh eZq M
sL LM DxLAD M AU SxU Gh eZq M sL SxU
DxLAD M mra lW Mr ei, eo iM M xoki Gh
eZq M UOa Mx LM clS DxLAD U W Mr ar
W | Aa, Mx MmUO xqW M piU mirM xxj M sL
lkUi UOa M, Ex xqW M Mx Alr xxj M eZq
pU M lkUh M sL oM mra lW MUi W |

The Bank does not simultaneously use the rating of


one ECAI for one exposure and that of another ECAI
for another exposure of the same borrower, unless
the respective exposures are rated by only one of
the chosen ECAIs. Further, the Bank does not use
rating assigned to a particular entity within a
corporate group to risk weight other entities within
the same group.

lMS Gh ex mUcsl xqA M Sbuk Gh eZq


M m q ql ei W AU iSlxU Lx Gh eZq M
sL eZq pU M lkUh M sL Sbuk UOa M mra
Mr ei W |

Running limits such as Cash Credit are treated as


long term exposures and accordingly, long term
ratings are used for assigning risk weights for such
exposures.

207

DxLAD U lkUi UOa M qml / sa MUi xqr oM,


ulrqM SzlSz / oM M lSzM qQs U AlqSi
li x qaSzi Wi W |

eW Gh eZq / EkUMiA M clS DxLAD x LM


x AkM UOa mmi W, uW oM eZq pUi M mUMsl
M sL lql mrL Amli W:

cl WD DxLAD, e p eZq pU M qml MUi


W, U S UOa W i Lx xji q E eZq pU M
sa Mr ei W|

eW cl WD DxLAD U il r Exx AkM UOa


S ei W, e up eZq pU x eQi W i Lx
xji q 2 lqliq UOa M Alm UOa M sr
ei W AU El q x Eiq eZq pU M sa Mr
ei W|

mUqhiqM mMOl:
mqZ eZq q oM M oMr Uz (lkUi u AlkUi)eZq mzqM (Aji xmM) M Mq MUl M mi
qlMMi SMh M Aiai:

While mapping/applying the ratings assigned


by the ECAIs, the Bank is guided by regulatory
guidelines/Banks Board approved Policy.
Where exposures/ borrowers have multiple
ratings from the chosen ECAIs, the Bank has
adopted the following procedure for risk weight
calculations:
- If there are two ratings accorded by chosen
ECAIs, which map into different risk weights,
the higher risk weight is applied.
- If there are three or more ratings accorded by
the chosen ECAIs which map into different
risk weights, the ratings corresponding
to the lowest 2 ratings are referred to and
higher of those two risk weights is applied.

Quantitative Disclosures:
Amount of the Banks Exposures - Gross Advances
(Rated & Unrated) in Major Risk Buckets - under
Standardized Approach, after factoring Risk
Mitigants (i.e. Collaterals):
(` MUQ q)

uuUh

qM
1
2
3
4

100% x Mq eZq pU
100% eZq pU
100% x erS eZq pU
Mq Mr ar (eZq mzqM)
Ms

lk AkUi

Uz

aU-lk AkUi

31.03.2013

31.03.2012

31.03.2013

31.03.2012

121739.85
84082.18
38113.80
59319.48
184616.34

129132.18
77992.67
26841.94
43450.90
190155.89

57314.84
51713.19
18940.82
3614.32
124354.53

74597.80
43818.80
10436.98
3284.00
125569.58
(` in crores)

Sl.
No.
1
2
3
4

Particulars
Below 100% Risk Weight
100% Risk Weight
More than 100% Risk Weight
Deducted (Risk Mitigants)
TOTAL

Amount
FUND BASED
NON-FUND BASED
31.03.2013
31.03.2012
31.03.2013
31.03.2012
121739.85
129132.18
57314.84
74597.80
84082.18
77992.67
51713.19
43818.80
38113.80
26841.94
18940.82
10436.98
59319.48
43450.90
3614.32
3284.00
184616.34
190155.89
124354.53
125569.58

mUMOl mm i
isM
sM 6: Gh eZq Mq
MUl - qlMMi S
SMh:

DF TABLE 6: CREDIT RISK MITIGATION


STANDARDIZED APPROACH:

ahiqM mMO
MOl:

Qualitative Disclosure:
Policies and processes for collateral valuation and
management: The Bank is having a Board approved

xmM qsrMl AU mokl M sL li AU mr: mpu


xmM mokl M sL oM M lSzM qQs U mkMi

208

xmM mokl li W e mr, Ezr, xmM M xuMi


mMU, Eci mokl xcl mhs xWi mUZ lkUi MUi
W | LM xW m q sr ar AU mokl Mr ar xmM AU
aUOr lql M sL xWrM Wa:

mirzi lMS muW q Amrmii r Mx Alrj Gh


xuk M cMi M xok q EkUMi U cM Wl mU
cMi M SxU xi mSl MUi WL eZq M Mq MUl|

cM Wl mU cMi M xi mU lrh ml |

EkUMi M aUi cMi qi mU zb ciul Sl AU

eZq pUi Axir M oRl AU mrmi m x Auz


eZq M luUh MUl|

oM M xmM mokl mr AU AcUh q, xU AU


xmM qsr M xU u xUh, xmM AU aUOr M
uki AU qsrMl / lrqi lUh xWi xmh ruk
muUi W |
qsrMl: oM U mSl Mr ar Gh M mipi MUl Wi mmi
Acs AU cs Sl Axir oM U xco M aD oWU
qsrMlMiA U qsrMl M Akl W| Zi M qSM xq,
EkUMi M xm M uaMUh, exM qsrMl Mr el
W, qsrMl M AukMi AS oM M li xok SzlSz
q EssZi M ar W| oM lrqi AiUs q qsrMl M
SzlSz M xq MUi W |
oM U sr ar xmM M mqZ mMU xok uuUh: eZq
M Mq MUl Wi oM U xqlri: mr mqZ xmM mMU
q uxi xc, oW Gh, xr AU qzlU, pq AU qMl, xuh
Apwh, ur xmM (Aji oM eqL, QM upa U
mir m x eU xUMU mipir, oM U AlqSi sqOQ
Mmlr M DYuO zrU, eul oq msxr, qrcAs TQ
M CMCr AS), up mMU M cs u Acs Axir /
mUxmr AS zqs W|
aUOMi mim AU ElM Gh - mi M mqZ mMU: oM
xur xxjA (oADLx, ADLqLT, rUmr xOs oM u
rUmr xqi, oWmr uMx oM, Dxex ij xeOLqLxD
xWi xur Mmlr) M aUOr mmi / xuMU MUi W| CxM
Asu, Gh eZq M Mq MUl M AiU xuk M m q
oM urM r MmUO aUO mmi MUi W exM aUOMi M
FmU mir Su M m q mUuii Mr e xMi W AU rW zi
UWi ij AuMsm W| aUOMi M xZ xqlri: EkUMi M

209

collateral management policy which lays down the


process, objectives, accepted types of collaterals and the
framework including suitable management information
system for effective collateral management. The
Collaterals and guarantees properly taken and managed
that would serve to:
mitigate the risk by providing secondary source of
repayment in the event of borrowers default on a
credit facility due to inadequacy in expected cash
flow or not;
gain control on the source of repayment in the event
of default;
provide early warning of a borrowers deteriorating
repayment ability; and
Optimize risk weighted assets and to address
Residual Risks adequately.
Collateral Management process and practices of the
Bank cover the entire activities comprising security and
protection of collateral value, validity of collaterals and
guarantees, and valuation / periodical inspection.
Valuation: Both the Fixed and the Current Assets obtained
to secure the loans granted by the Bank are subjected to
valuation by valuers empanelled by the Bank. Monetary
limits of the accounts, asset classification of the borrower,
which is to be subjected to valuation, periodicity of
valuation, are prescribed in the Banks policy guidelines.
Bank reviews the guidelines on valuation periodically.
Description of the main types of collateral taken by the
Bank: The main types of collateral commonly used by
the Bank as risk mitigants comprises of Inventories of
stocks in trade, Book debts, Plant & Machineries, Land &
Building, Gold Jewellery, Financial Collaterals (i.e. Bank
Deposits, Government Securities issued directly / by
postal departments, equity shares of limited companies
approved by the Bank, Life Insurance Policies, Units of
Mutual Funds etc.), different categories of moveable &
immoveable assets / properties etc.
Main types of Guarantor counterparty and their
creditworthiness: Bank obtains / accepts guarantees
of sovereign, sovereign entities (including BIS, IMF,
European Central Bank and European community as
well as Multilateral Development Banks, ECGC and
CGTMSE). Besides this, Bank also obtains Personal or
Corporate guarantee having adequate net worth, as an
additional comfort for mitigation of credit risk which can
be translated into a direct claim on the guarantor, and
are unconditional and irrevocable. The Creditworthiness
of the guarantor is normally not linked to or affected by

AjM xji x xo r mpui lW Wi W | Uer / MSr


xUMU U S ar aUO M p oM mipi M m q xuMU
MUi W| Lx mipir io iM mpu UWi W eo iM muUi
xuk M mU iUW x cMi r lmOl r eU lW W ei W|
lD me mrmii mUZ M Aiai me AmA M Mq MUl
M Ezr x oM U qlri mmi Gh eZq mzql (oxs II
qlM): lD me mrmii mUZ (oxs-II qlM) M Aiai
me AmA M Mq MUl M Ezr x oM l lMS, oM M
le eqL, xuh u xuh Apwh M Gh eZq mzql M m
q qlri S W|
mzql Wi EPr ar Emr M Aiai eZq MSMUh xok
xcl: Gh eZq M mokl AU xmM M eZq MSMUh
xWi xmM mokl M mpu qsrMl M xxkr oll Wi
oM U LM QO urU WEx oll M mr cs UW W|
mUqhiqM mMOl:
qM

uuUh

mirM Asa x mMOMi


Gh eZq xupa M
sL qel sa MUl M
oS, m ur xmM
M U muUi Ms Gh
eZq (isl m u isl
m CiU M xqrel MUl
M mi, eW MW sa
W)
mirM Asa x mMOMi
Gh eZq xupa M sr
aUOr / Gh urimr x
(eW p.U.oM U uz
m x Alqi) muUi Ms
Gh eZq (isl m u
isl m CiU M xqrel
MUl M mi, eW MW
sa W)

(` MUQ q)
Uz

the borrowers financial position. The Bank also accepts


guarantee given by State / Central Government as a
security comfort. Such Guarantees remain continually
effective until the facility covered is fully repaid or settled
or released.
Credit Risk Mitigation recognized by the Bank for the
purpose of reducing capital requirement under New
Capital Adequacy Framework (Basel II Norms): The Bank
has recognized Cash, Banks own Deposits, Gold & Gold
Jewellery as Credit Risk Mitigations for the purpose of
reducing capital requirement under the New Capital
Adequacy Framework (Basel II Norms).
Information about risk concentration within the
mitigation taken: The Bank has already initiated
steps for putting in place a data warehouse for a
robust Management Information System (MIS) to
facilitate management of Credit Risk and evaluation of
effectiveness of collateral management including risk
concentrations of collaterals.
Quantitative Disclosures:

31.03.2013

31.03.2012

34284.19

24297.54

28649.62

22437.37

mMOl mm isM
isM 7: mipiMUh qlMMi SMh:

ahiqM mMOl:
u uw 2012-2013 M SUl oM l Mx mMU M Gh eZq
M mipiMUh lW Mr W|

SL.
PARTICULARS
NO.
1 The
total
exposure
(after, where applicable,
on- or off balance sheet
netting) that is covered
by
eligible
financial
collateral
after
the
application of haircuts for
each separately disclosed
credit risk portfolio.
2 The
total
exposure
(after, where applicable,
on- or off-balance sheet
netting) that is covered
by
guarantees/credit
derivatives
(whenever
specifically permitted by
RBI) For each separately
disclosed portfolio

(` in crores)
AMOUNT
31.03.2013 31.03.2012

34284.19

24297.54

28649.62

22437.37

DF TABLE 7: SECURITIZATION
STANDARDIZED APPROACH
Qualitative Disclosures:
The Bank has not securitized any exposure during the
financial year 2012-2013.

210

mUqhiqM mMOl:

Quantitative Disclosures:

oMa oW
qM

BANKING BOOK

urmU oW
qM

uuUh

uuUh

31.03.2013
zlr

31.03.2013
zlr

31.03.2012

Sl. No.

Particulars

TRADING BOOK
Sl. No.
Particulars

31.03.2012

uw 2004-05 M SUl oM l `14.31 MUQ M 6 Ll m L


Zi M Axi mllqh Mml CQr sqOQ (L AU x
AD Ls) M oc Sr AU `14.31 MUQ Wi Lx AU mmi
Mr| rj 31.03.2013 M oM U 4 Zi q `5.76 MUQ
oW-qsr M mipi Ar M kUh MUi W, exM sr mh
m x mukl Mr ar W|

mMOl mm
isM 8 - urmUM oW
Zi q oeU eZq - qlMMi Azki
AukM S
SMh:
ahiqM mMOMUh:
Uhlir Lu mrL: oeU eZq mokl M urmM Ezr
oM M mira qiA M oRi WL ij xp mMU M oeU
eZq bOlA q Mq MUi WL oM M zrUkUM M qsr q
xu Se MUl W |

eW LM AU urmM liiu Lu eZq mokl i M lrh


eZq mokl upa U mSl Mr ei W, uW WqU
MUoU CMCr M zr mSl M aD W exx u eZq
EPl AU eZq M mokl MUl M sL Uhlir ir MU
xM |

xqxi q Aju mWs x irzS apU Mxq M qqs


M (ijriqM, AukMi, mMi) eZq mokl Alpa
pe Sr ei W, uW Cl qqs M xqci m x lmOl
M sL xoki mkMUr U iixok MUuD ir M ei
W | MUoU CMCr M eqqSU Wi W M u Cl lhr
M Almsl xli MU |

Cx mr M Ezr W M
oeU eZq aiukr x lmOl M sL LM mLYOu
oeU eZq mokl M MUmUO xxMi xjmi MUl |

31.03.2013
NIL

31.03.2012

31.03.2013
NIL

31.03.2012

During the year 2004-05, the Bank had sold 6 NPA accounts
amounting to `.14.31 crore to Asset Reconstruction
Company India Limited (ARCIL) and had received Security
Receipts for `.14.31 crore. As on 31.03.2013 the Bank
holds Security Receipts in respect of 4 accounts having
a Book Value of ` 5.76 crore which is fully provided for.

DF TABLE 8: MARKET RISK IN TRADING


BOOK- STANDARDIZED MODIFIED
DURATION APPROACH
Qualitative Disclosures:
Strategies and processes: The overall objective of
market risk management is to create shareholder value
by improving the Banks competitive advantage and
reducing loss from all types of market risk loss events.

While overall leadership and control of the


management framework is provided by
Management Wing, the business units
empowered to set strategy for taking risks
manage the risks.

risk
Risk
are
and

All issues or limit violations of a pre-determined


severity (materiality, frequency, nature) are escalated
to the Risk Management Wing where the actions
to address them are determined by the appropriate
authorities. The business units are responsible for
implementing the decision taken.

The process aims to

Establish a pro-active market risk management


culture to cover market risk activities.

oeU eZq x xo xp xoki ukr mukl Lu


ulrqM AmA M Almsl xli MUl |

Comply with all relevant legislation and regulatory


requirements relating to Market Risk.

oeU eZq M mWcll, qml, ExM mokl MUl,


ExM SZUZ MUl, lrh ij xq MUl xok lir
Lu Mrukr q ahu M lUiU m x lrqi uMx
MUl |

Develop consistent qualities in evolving policies &


procedures relating to identification, measurement,
management, monitoring, controlling and reviewing
of Market Risk.

211

up mMU M oeU eZq MUM M sL Gh xq M


Rc AU xoki xciM xjmi MUl |

Establish limit structure and triggers for various


kinds of market risk factors.

qeoi UmOa Rc xjmi MUi WL mpu xu i


irU MUl |

Establish efficient monitoring mechanism by setting


up a strong reporting system.

oeU eZq Emr M xui AU lrqi qsrMl M


mr Amll |

Adopt independent and regular evaluation of the


market risk measures.

xoki eZq mokl Mr M Rc Lu xaPl: oM M oeU


eZq mokl i M Rc Cx mMU W:

lSzM qQs

oQ M eZq mokl xqi

The structure and organization of the relevant risk


management function: Market Risk Management
structure of the Bank is as under

Board of Directors

Risk Management Committee of the Board

Axi Sri mokl xqi (L Ls x A)

Asset Liability Management Committee (ALCO)

oeU eZq mokl xqi

Market Risk Management Committee

qW mokM - eZq mokl upa (qZr eZq mokl


AkMU)- mkl Mrsr

General Manager-R M Wing (Chief Risk officer)-Head


Office

oeU eZq mokl mpa, eZq mokl upa, m.M.

Market Risk Management


Management Wing HO

Department,

LMMi Aiqkr Mrsr

Integrated Mid Office

Axi Sri mokl Alpa

Asset Liability Management Section

eZq UmOa ij / Aju ClM qml mi M xpulL


Lu mMi:

oM l oeU eZq mokl M sL up Gh xqA M


lkUh Mr W, ex LM Suxr xq, AiUSuxr xq,
xqa AiU xq, xOm sx xq, eZq qsr xq, oMU
OlAuU xq, me oeU Gh xq, EimSuU Gh xq,
eUMiuU Gh xq CirS |

oM M up xiU mU eZq xqA M xu MUl M


sL eZq UmOa mi xxjmi M aD W |

eZq mokl Aju sZMl Ezr M sL oeU M sL


AMi Mr el us SU M xui m x xirmi Mr
ei W |

oM M Uhlir M AlxU MrlwmSl ij eZq M


ec MUl, MUoU aiukr M mokl MUl M sL Cl
UmO M Emra Mr ei W |

rW UmOa mi xqr xq, xucsl M xqr xqci


uzi, xupa q eZq M xpulA M EeaU
MUl xli MUi W AU Cxq iixok sZi uuUh
p Wi W |

uxii eZq UmO lhr sl M mr q ie si W |

Qsa q M aiukr MlSMi M aD W ij up


eZq xqA M laUl M sL uruxj xjmi M
aD W |

Risk

The scope and nature of risk reporting and/or


measurement systems:

The Bank has put in place various exposure limits


for market risk management such as Overnight
limit, Intraday limit, Aggregate Gap limit, Stop Loss
limit, VaR limit, Broker Turnover limit, Capital Market
Exposure limit, Product-wise Exposure limit, Issuerwise Exposure limit etc.

A risk reporting system is in place for monitoring the


risk limits across different levels of the Bank from
trading desk to the Board level.

The rates used for marking to market for risk


management or accounting purposes are
independently verified.

The reports are used to monitor performance and


risk, manage business activities in accordance with
the Banks strategy.

The reporting system ensures timelines, reasonable


accuracy with automation, highlight portfolio risk
concentrations, and include written commentary.

The detailed risk reports enhance the decisionmaking process.

Dealing room activities are centralized, and system is


in place to monitor the various risk limits.

212

UmOa mm Lu CxM AukMi M xqrM xq


M ei W exx rW xli W xM M r Emr eZq
xu, ExM qml Lu eZq M WsM MUl M sL
mrmi W |

ocu uruxj (Wea) ij / Aju iixok eZq Mq MUl


M lir AU ocu uruxjmM / mzqM M mpu olL
UZl xok xu M Uhli Lu mrL: oQ U AlqSi
up lir M, ex oeU eZq mokl li (Szr eZq
mokl li, MFOU mO oM eZq mokl li xWi), luz
li, uSz qS sl-Sl u urmU mUcsl li, iUsi eZq
mokl li ij Axi Sri mokl li, oeU eZq mokl
M sL xjmi Mr ar W | oeU eZq mokl li, eZq
lkUh, ClM mWcl ij Emr u UMjq, eZq Gh xqL
Lu MUM, eZq xu Lu UmOa M sL LM AkUpi
Rc irU MUi W|
oM l up qmShQ ex xMs bUs EimS u, qSxTi,
urmU xisl CirS M AkU mU Szr eZq UOa M sL
LM AiUM qQs uMxi Mr W exx up Sz M Gh
xq M AoOl MUi xqr ElM eZq h M krl UZ
e xMi W |

The reporting formats & the frequency are


periodically reviewed to ensure that they suffice
for risk monitoring, measuring and mitigation
requirements of the Bank.

Policies for hedging and/or mitigating risk and strategies


and processes for monitoring the continuing effectiveness
of hedges/mitigants: Various Board approved policies viz.,
Market Risk Management Policy (Including Country Risk
Management and Counterparty Bank Risk Management)
Investment Policy, Forex Dealing and Trading Operations
Policy, Liquidity Risk Management Policy and ALM Policy
are put in place for market risk management. Market
Risk Management Policy provides the framework for
risk assessment, identification and measurement and
mitigation, risk limits & triggers, risk monitoring and
reporting.
The Bank has developed an internal model for country
risk rating based on various parameters like GDP growth,
inflation, trade balance etc. for risk categorization of the
countries to allocate limit for taking exposure to various
countries.

MFOUmO eZq mokl li M iWi oM l uSv oM M


h ir MUl M sL LM AM isM qQs uMxi Mr
W | MFOUmOr U AMisM qQs q mmi ML aL AM
M AkU mU Wxs ML aL AM M qleU up Gh xq
ir M ei W |

The Bank has in place a scoring model for categorization


of Foreign banks under Counterparty Risk Management
Policy. The various exposure limits are set based on the
points secured by the counterparties as per the scoring
matrix.

iUsi eZq mokl li q up SzlSz SL aL W


e xli MUi W M AMxqM lk rel oli WL
xqh Ms q iUsi M xji M xqlr W UZ e xM |
mirM xqr xq M iWi o M xiU M p zqs Mr ar
W ij CxM OOi W rW Al us iUsi-xMO M xSz Sl
sai W |

Liquidity Risk Management Policy lays down various


guidelines to ensure that the liquidity position is
comfortable at times of stress by formulating contingency
funding plan. Tolerance levels are incorporated under
each time frame and any breach of it would signal a
forthcoming liquidity constraint.

mUqhiqM mMOMUh:

Quantitative disclosures:

qM

uuUh

(M)
(Z)

ore SU eZq
DYuO xji xok
eZq
uSz ulqr eZq

(a)

(` MUQ q)
me AuzrMi
M Uz
31.03.2013 31.03.2012
1462.58
778.33
436.15
368.86
38.61

6.75

mMOl mm
isM 9: mUcsliqM
eZq:

Sl.
No.

Particulars

(a) Interest Rate Risk


(b) Equity Position Risk
(c) Foreign Exchange
Risk

(` in crores)
Amount of capital
requirement
31.03.2013 31.03.2012
1462.58
778.33
436.15
368.86
38.61
6.75

DF TABLE 9: OPERATIONAL RISK

ahiqM mMOMUh:
Uhlir AU mrL: oM M mUcsliqM eZq mokl
mr M mN LM qeoi xaPliqM xxMi AU xSR
mUcsliqM Mrukr W elq MmUO qsr, SMh,

213

QUALITATIVE DISCLOSURES:
Strategies and processes: The Operational Risk
Management process of the Bank is driven by a strong
organizational culture and sound operating procedures,

xqir, AiUM lrh mhs, mpu AiUM UmOa AU


AMxqMi Arel zqs W| oM q mUcsliqM eZq M
mpu mokl M sr lir lkUi W|
Emr eZq mokl Mr mhs M xUcl AU xaPliqM
Rc: oM q mUcsliqM eZq mokl xUcl lqlui W|

lSzM qQs

lSzM qQs M eZq mokl xqi

mUcsliqM eZq mokl xqi (AAULqx)

eZq mokl upa, mkl Mrsr M qW mokM (qZr


eZq AkMU)

mkl Mrsr M MriqM upa q mUcsliqM eZq


mokl (AAULq) uzw

mUcsliqM eZq mokl mpa (AAULqQ), mkl


Mrsr

eZq AkMU - Acs / LMMi Mw u AiUr


mUcsl upa q lqi MrmsM

Acs / uSz zZA q eZq mokl Alpa

zZA / Mrsr q eZq mokl AkMU (AULqA)

eZq UmOa AU / r qml mir M SrU AU


mMi: eZq UmOa q zZA / Mrsr q ur, mr,
maM x xoki mUcsliqM eZq Wl xpulr /
bOlr AU oWU bOlr zqs W| up xi x LMi
AMQ M Emra, pUir Ueu oM U qlri mmi 7 Wl
bOl mMU AU 8 MUoU mMU us eZq qOYx M irU
MUl M sr Mr ei W|
ocu uruxj AU / r eZq M Mq MUl M lir
AU ocu uruxj / mzqM M lUiU m x mpu Wl mU
laUl M Uhlir AU mrL: oM l mUcsliqM eZq
mokl x xoki lqlMi lir lkUi M W| li Rc
q mUcsliqM eZq mokl M up mWsL ex mWcl,
mokl, uk eZq, MUoU lUiUi AS q mUcsliqM
eZq M laUl u mzql AS zqs W |
AEOxxa rMsm q zqs eZq M sL oM q
AEOxxa eZq mokl li lkUi W |

involving corporate values, attitudes, competencies,


internal control culture, effective internal reporting
and contingency planning. Policies are put in place for
effective management of Operational Risk in the Bank.
The structure and organization of the relevant
risk management function: The Operational Risk
Management Structure in the Bank is as under:
Board of Directors
Risk Management Committee of the Board
Operational Risk Management Committee (ORMC)
GM of Risk Management Wing, HO (Chief Risk
Officer)
ORM Specialists in functional Wings, HO
Operational Risk Management Department (ORMD),
HO
Risk Officers The nominated Executive at Circles/
Integrated Treasury Wing
Risk Management Sections at Circles/Overseas
Branches.
Risk Management Officers (R.M.O) at Branches/
Offices.
The scope and nature of risk reporting and/or
measurement systems: The Risk reporting consists
of operational risk loss incidents/events occurred in
branches/offices relating to people, process, technology
and external events. The data collected from different
sources are used for preparation of Risk Matrix consisting
of 7 loss event types and 8 business lines recognized by
the RBI.
Policies for hedging and/or mitigating risk and strategies
and processes for monitoring the continuing effectiveness
of hedges/mitigants: Bank has put in place policies for
management of Operational Risk Management. The
policy framework contain various aspects of Operational
risk management such as identification, management,
monitoring & mitigation of Operational risk areas such
as legal risk, Business Continuity.
In order to address risks involved in Outsourcing of
activities, bank has put in place policies for management
of Outsourcing Risk.

mUcsliqM eZq me qsrMl: mUcsliqM eZq M


sL me mpU M mUMsl Wi oM l qs xMiq SMh
Amlr W|

Operational Risk capital assessment: The Bank has


adopted Basic Indicator Approach for calculating capital
charge for Operational Risk.

mUqhiqM mMOMUh:

Quantitative Disclosure:
The capital requirement for Operational Risk under Basic
Indicator Approach is `1406.52 Crores.

qs xMiM SMh M iWi mUcsliqM eZq M sL


AuzrM me `1406.52 MUQ W |

214

mMOl mm isM
isM 10: oMa oW q ore
SU eZq
Zq

DF TABLE 10: INTEREST RATE RISK IN


THE BANKING BOOK (IRRBB)

ahiqM mMOMUh:

Qualitative Disclosures:
Interest Rate Risk in Banking Book (IRRBB)
Interest rate risk is the risk where changes in market
interest rates affect a banks financial position. As the
bank holds rate sensitive on and off balance-sheets items
of different maturity/repricing, currencies, markets and
benchmark rates, and any adverse movement in these
parameters exposes the bank to interest rate risk. Interest
Rate Risk in Banking Book (IRRBB) reveals the impact on
banks earnings (short-term impact) and networth (longterm impact) due to adverse movement of interest rates.

oMa oW q ore SU eZq:


ore SU eZq uW eZq W e oM M ur xji M oeU
ore SU q mUuil x mpui MUi W | up mUmYui /
mlqsrl, qS, oeU u ocqM SU ex isl m M AiUM u
o qS q oM U SU M kUh Wl M MUh up qlSQ
q Alus umUi mUuil ore SU eZq iM mWci W |
ore SU M umUi EiU-cRu M MUh oMa oW q ore
SU eZq oM M Ael (Asmuk mpu) ij lus qsr
(Sbuk mpu) M mpu M AluUh MUi W |
xaPliqM Rc
lSzM qQs / eZq mokl xqi U lkUi eZq
xWwhi M AlxU ore SU eZq mokl Uhli M uMx
u Mrlurl, xqA, urmU UZA ij Mll lMr M mU
up qSA q ore SU eZq M mokl MUl oM M Axi
Sri mokl xqi (LLsxA) M Miur W | LLsxA oM
M ore SU SMh M xxm MUi W ij pu urmU
Uhlir M lhr M sL lu Qsi W | lkrl li M
AlxU Axir M xel M sL xi mU ucU MUM SlSUr
M qh MUl CxM Sriu W | LLsxA lSzM qQs U
ore SU eZq M sL lkUi up xqA M laUl MUi
W ij xqA q Mx mMU M Essbl M xSp q xkUiqM
MSq EPi W |
Uhlir AU mrr:
oM Aml xmr ij SlSUr M qsr M Eci mUmYui
M xj qsl MUl M mrx MUi W iM mUmYu W UW
r mlqsrMi up xqr h M AiU M Mq Mr e
xM | ore SU eZq M qml ij mokl M sL Aml
uM Axir, SriA ij o isl m qS mU, e SU
xuSlzs W, Sl mUmUai AiU uzswh(OeL) AU Auk
AiU uzswh(QeL) M Aml UW W|
oM Aml ore SU eZq xji M mUMsl, OeL ij
QeL sa MUM mirM qS x Ex qS q SU xuSlzs
Axir / SriA / o isl m qS, eW Axir r SriL
oM M uM Axi u uM Sri x 5 mizi r erS W, x
MUi W | xp Alr Auz qSA M ore SU eZq xji M
mUMsl xqa AkU mU Asa x Mr ei W |
ore SU eZq, mlqsrl, Eme mUuil u, AkU eZq ij
uMsm eZq x, Eim Wi W | Ar mUmr u AjM qsr
mUmr q mUmYui u mlqsrl oqs x Eim Wlus eZq
M lql i M U Moe MUl oM M Ezr W |

215

Organizational Structure
Asset Liability Management Committee (ALCO) of the
Bank is responsible for developing and implementing
interest rate risk management strategy, managing
interest rate risk in different currencies, across borders
and across business lines and legal entities as per the
risk tolerance established by the Board of Directors/
Risk Management Committee. The ALCO also articulates
the interest rate view of the bank and base its decisions
for future business strategy. In respect of the funding
policy, its responsibility is to decide on source and mix
of liabilities for creation of assets. ALCO monitors the
various limits established by the Board for interest rate
risk and takes corrective action if there is any breach in
the limit.
Strategies and Processes
The bank strives to match the price of its assets and
liabilities coupled with proper maturity matching inorder to reduce the gap in different time buckets which
are maturing or getting repriced. For measurement and
management of interest rate risk, the bank adopts both
the Traditional Gap Analysis (TGA) and the Duration Gap
Analysis (DGA) to its global position of assets, liabilities
and off-balance sheet items, which are rate sensitive.
The bank computes its interest rate risk position in
each currency applying the TGA and DGA to the rate
sensitive assets/ liabilities/ off balance sheet items in
that currency, where either the assets, or liabilities are 5
per cent or more of the total of either the Banks global
assets or global liabilities. The interest rate risk position
in all other residual currencies is computed separately on
an aggregate basis.
The interest rate risk arises on account of re-pricing,
yield curve change, basis risk and options risk. The Bank
aims at capturing these risks arising from the maturity
and re-pricing mismatches and is measured both from
the earnings and economic value perspective using
techniques viz.,

AiU uzswh: ore SU eZq M qml M olrS EmMUh


W SU xuSlzs Axir ij SU xuSlzs SriA AU isl
m M o qS M up qS M Auz mUmYui r AamlqsrMl, e p mWs W, ij lus AiU (Aji AULxLAULxLs) mU mWcl M oS up xqr h q xqWl MUM
ore SU xuSlzsi uuUh irU MUi W | LM xMUiqM
r Axi xuSlzs AiU x iimr oeU ore SU q u
M mUhqxum lus ore Ar (LlADAD) q Wlus u
x W | umUii: LM lMUiqM r Sri xuSlzs AiU, oeU
ore SU q u x oM M LlADAD q Wlus aUuO M
xci MUi W |

Gap Analysis: The basic tool for measuring interest rate


risk is preparation of Interest Rate Sensitivity Statement
(IRS) by grouping various items of Rate Sensitive Assets
(RSA) and Rate Sensitive Liabilities (RSL) and off balancesheet items into different time buckets according to the
residual maturity or next re-pricing, whichever is earlier
and arriving at the net gap (i.e., RSA - RSL). A positive or
asset sensitive Gap means that an increase in market
interest rates could cause an increase in NII. Conversely,
a negative or liability sensitive Gap implies that the
Banks NII could decline as a result of increase in market
interest rates.

eZq q Ael (DLAU): eZq q Ael, LM xMUiqM AiU


M U ore SU q u x oM sp mmi MUl M xji q W
r lMUiqM AiU M U ore SU q aUuO x oM sp mmi
MUl M xji q W r lW M, xMiM W | ore SU q xqliU
oSsu M MUh Ael mU eZq M mlqsrl M mpu p
SU Abi M sL lkUi M W | Ael mU mpu M Ar u
AU AkU eZq M sL p Alqli Mr ei W |

Earnings at Risk (EaR): Earning at Risk (EaR) indicates


whether the bank is in a position to benefit by rise in
interest rate by having positive gap or benefit by fall
in interest rate by having negative gap. The impact of
repricing risk on the earnings due to parallel shift in
interest rate is assessed for different rate shocks. Impact
on the earnings is also estimated for yield curve and basis
risk.

DYuO M oeU qsr (LquD): ore SU q mUuil oM M


DYuO M oeU qsr r lus qsr M so Auk M sL
mpui MUl x oeU ore SU q mUuil M MUh oM M
Axir M qsr, SriL ij isl m M o xjir mpui
Wi W | lkUi SU Abi M mUhqxum DYuO M oeU
qsr q Alqli mil mU oM M ore SU xji M qsr q
mUuil x Eim Wlus Auk AiU uzswh (QeL) U
Alqli Mr ar W |

Market Value of Equity (MVE): A long-term impact of


change in interest rates is on banks Market Value of
Equity (MVE) or Net Worth as the economic value of
banks assets, liabilities and off-balance sheet positions
get affected due to variation in market interest rates. The
estimated drop in the Market Value of Equity (MVE) as a
result of prescribed rate shock is estimated by Duration
Gap Analysis (DGA) arising from changes in the value of
interest rate sensitive positions across the whole bank.

mUqhiqM mMOMUh:
eZq mU Ar-Ael
lql xUh rj 31.03.2013 M oM M lus ore Ar mU
ore SU q 100 AkU oSA M xqliU oSsu x, up
qSA q LM xs iM WL mpu M mxii MUi W |

Quantitative Disclosures:

qSL
AD Ll AU
r Lx QsU
Alr
Ms

(` MUQ q)
1 uw iM ore SU q mUuil
- 100 AkU oSL + 100 AkU oSL
(499.29)
499.29
(32.51)
32.51
(11.06)
11.06
(542.86)
542.86

DYuO M AjM qsr


lql xUh rj 31.03.2013 M 200 AkU oSA M AlqlM
SU M Abi M xok q DYuO M AjM qsr mU mpu M
mxii MUi W |
DYuO M AjM qsr q
mUuil

-200
AkU oSL

+200
AkU oSL

5.52%

(5.52%)

EARNINGS AT RISK
The following table presents the impact on net interest
income of the Bank for an assumed parallel shift of
100 bps in interest rate up to one year across currencies
as at 31.03.2013.
(`. in crore)
Currencies
INR
USD
Others
Total

Change in interest rate up to 1 Year


-100 bps
+100 bps
(499.29)
499.29
(32.51)
32.51
(11.06)
11.06
(542.86)
542.86

ECONOMIC VALUE OF EQUITY


The table reveals the impact on Economic Value of Equity
for an assumed rate shock of 200 bps on the Banking
Book as at 31.03.2013.
Change in Economic Value of
Equity

216

-200 bps

+200 bps

5.52%

(5.52%)

rr 31 qc 2013 M xqmi uw M lMS muW uuUh


CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2013
uuUh / Particulars
mUcsl aiukr x lMS muW / CASH FLOW FROM OPERATING ACTIVITIES
MU M oS lus sp / NET PROFIT AFTER TAX
M sL xqrel / ADJUSTMENTS FOR:
MU M sL mukl / PROVISION FOR TAX
qsrx / DEPRECIATION
luz M mlqsrl mU Wl / LOSS ON REVALUATION OF INVESTMENTS
AleM Axir M sL mukl / PROVISION FOR NPAs
qlM Axir M sL mukl / PROVISION FOR STANDARD ASSETS
OrU I u OrU II oQ mU ore / INTEREST ON TIER I AND TIER II BONDS
AMxqMiL u Alr M sL mukl / PROVISION FOR CONTINGENCIES AND OTHERS
Acs Axir M o mU sp / Wl / PROFIT / LOSS ON SALE OF FIXED ASSETS
Alwar, xr Aq AS q luz x Ar /
INCOME FROM INVESTMENT IN SUBSIDIARIES, JVS, ETC.
luz qsrx / (qsru) M sL mukl /
PROVISION FOR INVESTMENT DEPRECIATION/ (APPRECIATION)
Em Ms / SUB TOTAL
M sL xqrel / ADJUSTMENTS FOR:
luz q (u) / Mq / (INCREASE) / DECREASE IN INVESTMENTS
Aaq q (u) / Mq / (INCREASE) / DECREASE IN ADVANCES
EkU q u / (Mq) / INCREASE / (DECREASE) IN BORROWINGS
eqA q u / (Mq) / INCREASE / (DECREASE) IN DEPOSITS
Alr Axir q u / (Mq) / (INCREASE) / DECREASE IN OTHER ASSETS
Alr SriA u mukl q u / (Mq) /
INCREASE / (DECREASE) IN OTHER LIABILITIES AND PROVISIONS
bOr: mS Aaq MU / LESS: ADVANCE TAX PAID
mUcsl aiukr x xei lMS (M) /
CASH GENERATED FROM OPERATING ACTIVITIES (A)
luzM aiukr x lMS muW /
CASH FLOW FROM INVESTING ACTIVITIES
Alwar AU / r xr Aq q luz x Ar /
INCOME FROM INVESTMENT IN SUBSIDIARIES AND/OR JVS
Alwar, xr Aq AS q luz / INVESTMENT IN JVS, SUBSIDIARIES, ETC.
Acs Axir M o / ZUS x lkr M lus Aaql / oWaql /
NET INFLOW/ OUTFLOW FROM SALE/ PURCHASE OF FIXED ASSETS
luzM aiukr x xei lMS (Z) / CASH GENERATED FROM INVESTING ACTIVITIES (B)
ur aiukr x lMS muW / CASH FLOW FROM FINANCING ACTIVITIES
mS spz u Q Q O / DIVIDEND AND DDT PAID
mu mS zrU me q u / INCREASE IN PAID UP SHARE CAPITAL
lr Czr x mmi mipi mqrq / SECURITIES PREMIUM RECEIVED ON NEW ISSUE
OrU I u OrU II oQ mU ore pail / PAYMENT OF INTEREST ON TIER I AND TIER II BONDS
AmU OrU II oQ M eU MUl x klaq / PROCEEDS FROM ISSUE OF UPPER TIER II BONDS

217

(` MUQ q/` in Crore)


31.03.2013
31.03.2012
2872.10

3282.71

800.00
189.69
15.06
2222.45
255.61
730.56
130.07
0.92

800.00
156.89
22.15
1531.06
171.06
737.64
12.50
-1.00

-56.57

-111.68

-390.22
3897.56

145.83
3464.45

-18608.57
-11887.62
5097.98
28802.26
-1779.72

-18631.18
-22691.86
1513.75
33617.09
312.02

1248.66
2872.99
-1100.00

-299.19
-6179.38
-1400.00

8542.65

-832.22

56.57
-91.67

111.68
-51.00

-227.69
-262.79

-202.24
-141.56

-674.00
0.00
0.00
-730.57
0.00

-567.30
0.00
0.00
-737.64
0.00

xii oQ x mmi klaq / PROCEEDS FROM ISSUE OF PERPETUAL BONDS


0.00
0.00
Aklxj Gh xqWi oQ M qcl mU pail /
-340.00
-250.00
PAYMENT ON REDEMPTION OF BONDS INCLUDING SUB-ORDINATED DEBTS
ur aiukr x xei lMS (a) / CASH GENERATED FROM FINANCING ACTIVITIES (C)
-1744.57
-1554.94
lMS AU lMS xqisr (M+Z+a) q lus u / Mq /
6535.29
-2528.71
NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C)
Aj lMS u lMS xqisr / OPENING CASH AND CASH EQUIVALENTS
28179.41
30708.12
Ci lMS u lMS xqisr / CLOSING CASH AND CASH EQUIVALENTS
34714.70
28179.41
lO / Notes:
lMS u lMS xqisr q qeS lMS, pUir Ueu oM u Alr oM q zw AU qa AU Asm lOx mU kl / Cash and Cash
equivalents includes Cash on hand, Balance with RBI & Other Banks and Money at Call and Short Notice
lMS u lMS xqisr M bOM / Components of Cash & Cash Equivalents
pUir Ueu oM M xj lMS u zw / CASH & BALANCE WITH RBI
Asm lOx u qa mU u oM M xj zw /
BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
Ms / TOTAL

31.03.2013
15405.93
19308.77

31.03.2012
17795.14
10384.27

34714.70

28179.41

u xMqU
qQs mokM

Ll xuzMUl
Em qW mokM

M qhq
qW mokM

u Lx Mwh MqU
MrmsM lSzM

AzM MqU ami


MrmsM lSzM

Ueu MzU So
Akr u mok lSzM

xk Mwhl
lSzM

ql WqcS
lSzM

e u qhqUl
lSzM

e u xozu Uu
lSzM

ZsS sMql osaq


lSzM

xil xlW
lSzM

xls ami
lSzM

xqxZrM ij M WqU UmO M AlxU


Mi
Lc M ckU LhQ M
xlS sZMU

Mi
uMOcsq ArrU LhQ M
xlS sZMU

Mi
Lx m c
cmQ LhQ M
xlS sZMU

Mi
sMU LhQ M
xlS sZMU

Mi
m cmQ LhQ M
xlS sZMU

Mi
L AU Sx LhQ LxxLOx
xlS sZMU

Q Ll pau
xfSU

L amsMwhl
xfSU

xeu ami
xfSU

Lx x sMU
xfSU

mSm MqU cmQ


xfSU

zrqs MqU lrM


xfSU

oasU
02 qD, 2013
V SUKUMAR
DIVISIONAL MANAGER

N SIVASANKARAN
DEPUTY GENERAL MANAGER

R K DUBEY
SUDHA KRISHNAN
CHAIRMAN & MANAGING
DIRECTOR
DIRECTOR
KHALID LUQMAN BILGRAMI
DIRECTOR

K MANICKAM
GENERAL MANAGER

V S KRISHNAKUMAR
EXECUTIVE DIRECTOR

ASHOK KUMAR GUPTA


EXECUTIVE DIRECTOR

MEENA HEMCHANDRA
DIRECTOR

G V SAMBASIVA RAO
DIRECTOR

G V MANIMARAN
DIRECTOR

SUTANU SINHA
DIRECTOR

SUNIL GUPTA
DIRECTOR

AS PER OUR REPORT OF EVEN DATE


For
For
For
For
H K CHAUDHRY & Co. K VENKATACHALAM AIYER & Co. S P CHOPRA & Co.
LOONKER & Co.
Chartered Accountants
Chartered Accountants
Chartered Accountants Chartered Accountants
D N BHARGAVA
Partner

A GOPALAKRISHNAN
Partner

SANJIV GUPTA
Partner

S C LOONKER
Partner

BANGALORE
MAY 02,2013

218

For
P CHOPRA & Co.
Chartered Accountants

For
A R DAS & ASSOCIATES
Chartered Accountants

PRADEEP KUMAR CHOPRA


Partner

SYAMAL KUMAR NAYAK


Partner

MlU oM M xqMi
isl m, sp u Wl sZ
ij lMS muW uuUh
2012-2013
CONSOLIDATED
BALANCE SHEET, PROFIT & LOSS ACCOUNT
AND CASH FLOW STATEMENT OF CANARA BANK

219

xqMi ur
u r uuUh mU
sZ mUM
mUM M UmO
xu q,
lSzM qQs
MlU oM

INDEPENDENT AUDITORS REPORT


ON THE CONSOLIDATED FINANACIAL
STATEMENTS
To
The Board of Directors
Canara Bank

ur uuUh mU UmO

Report on the Financial Statements:

1. Wql MlU oM, ExM Alwar, xWo xxjA AU


xr Eq (xqW) M rj 31 qc, 2013 M xsal
xqMi isl m AU ExM xj eQ aL Ex iUZ M
xqmi uw M xqMi sp u Wl sZ AU xqMi
lMS muW uuUh M AU qWiumh sZMl lir u
Alr urZriqM xclA M mUh Mr W, exq
zqs W :

1. We have examined the attached Consolidated


Balance Sheet of Canara Bank, its Subsidiaries,
Associates and Joint Venture (collectively known as
the Group) as at 31st March, 2013, the Consolidated
Profit and Loss Account and the Consolidated Cash
Flow Statement for the Year ended on that date, and
a summary of significant accounting policies and
other explanatory information. Incorporated in the
financial statements are:

i.

i.

WqU U sZ mU M aD MlU oM M sZ
mUi sZ

ii. Alr sZ mUM U sZ mU M aD xi (7)


Alwar, il (3) xWo xxjA ij LM (1)
xr Eq M sZ mUi sZ
2. Wql xi (7) Alwar, il (3) xWo xxjA ij
LM (1) xr Eq M ur uuUh M sZ mU
lW M W elM ur uuUh rj 31 qc, 2013 M
`25664.20 MUQ M Ms Axir, `1964.28 MUQ M
Ms Uexu AU io xqmi uw M sL `251.50 MUQ
M lus lMS muW miooi MUi W | Cl ur uuUh
AU Alr sZ mUM U sZ mU M aD Alr u
xclA M UmO Wq mxii ML aL W AU Alr lMr
M qqs q zqs M aD Uzr x eW iM xok W,
WqU ucU W M u Alr sZ mUM M UmO mU
lii lpU W|
3. Wq UmO MUi W M mokl U xqMi ur uuUh
pUir xlS sZMU xxjl U eU ML aL sZ
qlM (s q) 21, "xqMi uiir uuUh", sZ qlM
(s q) 23, "xqMi ur uuUh q xWoSk xxjA
q luz M sZ" AU sZ qlM (s q) 27,
"xr Eq q Wi M uiir UmOa" M AmA
AU pUir Ueu oM M AmA M AlxU irU ML
aL W |

Audited Accounts of Canara Bank (herein after


referred to Bank) audited by us.

ii. Audited Accounts of Seven (7) Subsidiaries, Three


(3) Associates and One (1) Joint Venture audited
by other auditors.
2. We did not audit the financial statements of Seven
(7) Subsidiaries, Three (3) Associates and One (1) Joint
Venture of the Bank and other financial information
which reflects total assets of `25664.20 Crore as at
31st March, 2013, total revenues of `1964.28 Crore
and net cash flows of `.251.50 Crore for the year then
ended as considered in the Consolidated Financial
Statements. These financial statements and other
financial information have been audited by other
auditors whose reports have been furnished to us,
and our opinion, in so far as it relates to the amounts
included in respect of other entities, are based solely
on the report of the other auditors.
3. We report that the Consolidated Financial Statements
have been prepared by the Bank in accordance with
the requirement of the Accounting Standard (AS) 21
- Consolidated Financial Statements, Accounting
Standard (AS) 23 - Accounting for Investments in
Associates in Consolidated Financial Statements and
Accounting Standard (AS) 27 Financial Reporting of
Interest in Joint Ventures issued by the Institute of
Chartered Accountants of India and the requirements
of the Reserve Bank of India.

220

ur uuUh M sL mokl
kl i M EUSriu:

Managements
Statements:

4. r xqMi ur uuUh xqW M mokl M Sriu W


AU ElW Asa ur uuUh AU bOM x xoki Alr
ur xcl M AkU mU mokl U irU Mr ar W |
Cx EUSriu q kZkQ M MUh W r O M MUh,
uximUM AmMjl x q ur uuUh M irU MUl
M sL xo AiUM lrh, m-x AU Mrlurl
p xqWi Wi W |
sZ mUM M EUSriu:

Responsibility

for

the

Financial

4. These Consolidated Financial Statements are the


responsibility of the Banks management and
have been prepared by the management on the
basis of separate financial statements and other
financial information regarding components. This
responsibility includes the design, implementation,
and maintenance of internal control relevant to the
preparation of the financial statements that are free
from material misstatement, whether due to fraud
or error.
Auditors Responsibility:

5. WqU sZ mU M AkU mU Cl ur uuUh mU


ucU ur MUl WqU EUSriu W | Wql pUir xlS
sZMU xxjl U lai sZ mU qlM M AlxU
sZ mU Arei M | r qlM rW Am MUi W
M Wq liM AmA M Almsl MUi WL, relo
iUM x sZ mU Arei MU iM u uuUh M
mUmr q xai Axl mmi W xM M u uximUM
AmMjl q W |
6. sZ mU q ur uuUh q Uzr AU mMOl M oU
q sZ mU xr mmi MUl M mrr Amll Wi
W | cl aD mrr sZ mUM M lrr-lhr mU lpU
MUi W exq kZ-kQ M MUh W r O M ur
uuUh q uximUM AmMjl M ere sl M eZq
p UWi W | Cl eZq M ere sl q mUxjir M
AlMs sZ mU mrr AiUM lrh M krl q
UZi W | sZ mU q mr sZ lir M xqcii
mokl i U Mr ar sZ Alql M Acir M
xj-xj u uuUh M xqc mxiiMUh M qsrMl
Mr el p zqs Wi W |
7. sZ mU mU WqU ucU ur MUl M sL Wql e
xr LMi Mr W uW mrmi AU xqci W - rW
WqU ux W |
WqU ucU:
8. Wq SL aL elMUr AU xmMUh M AkU mU ij
mirM ur uuUh ij Alwar, xWo xxjA
u Alr xr Eq M ur uuUh, e E mU 2 q
EssZi W, mU ucU M mi WqU ucU W M:

221

5. Our responsibility is to express an opinion on


these financial statements based on our audit.
We conducted our audit in accordance with the
Standards on Auditing issued by the Institute of
Chartered Accountants of India. Those Standards
require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable
assurance about whether the financial statements
are free from material misstatement.
6. An audit involves performing procedures to obtain
audit evidence about the amount and disclosures
in the financial statements. The procedures selected
depend upon the auditors judgment, including the
assessment of the risks of material misstatement
of the financial statements whether due to fraud or
error. In making those risk assessments, the auditors
consider internal control relevant to the Banks
preparation and fair presentation of the financial
statements in order to design audit procedures
that are appropriate in the circumstances. An audit
also includes evaluating the appropriateness of
accounting policies used and the reasonableness of
the accounting estimates made by management,
as well as evaluating the overall presentation of the
financial statements.
7. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion:
8. Based on our audit and on consideration of reports
of other auditors on separate financial statements
and other financial information of the Subsidiaries,
Associates and Joint Venture as referred in para
(2) above, and to the best of our information and
according to the explanations given to us, we are of
the opinion that:

(i) sZ lir AU El mU M aD Ommhr M xj


mPi isl m xmh AU xai isl m W exq
xU AuzrM uuUh xW iUM x irU Mr ar W
iM pUi q xqlrir xuMr sZ-xi M
AlxU rj 31 qc 2013 M oM M uruWU M
xW AU Eci c Szr e xM;

i)

the Consolidated Balance Sheet, read with the


notes thereon is a full and fair Balance Sheet
containing all the necessary particulars, is
properly drawn up so as to exhibit a true and
fair view of state of affairs of the Group as at
31st March, 2013 in conformity with accounting
principles generally accepted in India;

ii) the Consolidated Profit and Loss Account, read


with the notes thereon shows a true balance of
Profit of the Group, in conformity with accounting
principles generally accepted in India, for the year
ended on that date; and

(ii) sZ lir AU El mU M aD Ommhr M xj


mPi sp Wl sZ, ExM U muUi uw M sL
pUi q xqlrir xuMr sZ-xi M AlxU
xqW M sp M xW xisl Szi W; AU

iii) the Consolidated Cash Flow Statement gives a


true and fair view of the cash flows of the Group
for the year ended on that date.

(iii) lMS muW uuUh Ex iUZ M xqmi uw M sL


lMS muW M xW AU Eci c Szi W |
Alr ukM u ulrqM AmA mU UmO:

Report on Other Legal and Regulatory Requirements:

9. isl m AU sp-Wl sZ qz: oMa ulrq


Aklrq, 1949 M ixU Alxc M mm M u Z
q irU Mr ar W |

9. The Balance Sheet and the Profit and Loss Account have
been drawn up in Form A and B respectively of the
Third Schedule to the Banking Regulation Act, 1949.

10. xqW M xqMi isl m, sp-Wl sZ AU lMS


muW uuUh mcsi sZ qlM M Almsl MUi W rW WqU ucU W |

10. In our opinion, the Consolidated Balance Sheet,


Profit and Loss Account and Cash Flow Statement
of the Group comply with the applicable Accounting
Standards.

Mi Lc M ckU LhQ M
xlS sZMU
T m x. 006154Ll

Mi uMOcsq ArrU LlQ M


xlS sZMU
T m x. 004610Lx

For H K Chaudhry & Co.


Chartered Accountants
Firm Registration No. 006154N

For K Venkatachalam Aiyer & Co.


Chartered Accountants
Firm Registration No. 004610S

CSUei xl
xfSU
x x. 088694

u SuUel
xfSU
x x. 018786

Inderjit Soni
Partner
Membership No. 088694

V Devarajan
Partner
Membership No. 018786

Mi Lx m cmQ LlQ M
xlS sZMU
T m x. 000346Ll

Mi sMU LhQ M
xlS sZMU
T m x. 000172Qosr

For S P Chopra & Co.


Chartered Accountants
Firm Registration No. 000346N

For Loonker & Co.


Chartered Accountants
Firm Registration No.000172W

mul M ami
xfSU
x x. 092529

Lx x sMU
xfSU
x x. 010135

Pawan K Gupta
Partner
Membership No.092529

S C Loonker
Partner
Membership No.010135

Mi m cmQ LlQ M
xlS sZMU
T m x. 004957Ll

Mi L AU Sx LlQ LxxLOx
xlS sZMU
T m x. 306109D

For P Chopra & Co.


Chartered Accountants
Firm Registration No.004957N

For A R Das & Associates


Chartered Accountants
Firm Registration No.306109E

UMz el
xfSU
x x. 087925

xuhlS ckU
xfSU
x x. 055439

Rakesh Jain
Partner
Membership No.087925

Swarnendu Chaudhury
Partner
Membership No.055439

xjl: lD Sss
SlM: 29 qD, 2013

Place: New Delhi


Date: 29th May, 2013

222

rj 31 qc, 2013 M xqMi isl m

CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2013


Alxc rj 31.03.2013 M rj 31.03.2012 M

Schedule

As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

1
2
2A
3
4
5

443 00 00
24733 42 66
232 15 88
355684 63 67
20355 08 86
17875 96 21
419324 27 28

443 00 00
22600 39 72
161 48 25
326894 04 23
15614 42 29
13369 96 35
379083 30 84

15414 98 97

17813 01 73

7
8
9
10
11

19364 22 17
127533 53 18
242435 75 97
2883 99 72
11691 77 27
419324 27 28

10433 72 01
106496 61 73
232728 74 12
2887 97 04
8723 24 21
379083 30 84

12

250012 32 29
13997 78 94

193129 93 57
12496 51 17

me AU SriL / CAPITAL AND LIABILITIES


me / CAPITAL
AUi lkr AU Akzw / RESERVES AND SURPLUS
AsmxZrM Wi / MINORITY INTEREST
eq / DEPOSITS
EkU / BORROWINGS
Alr SriL ij mukl /OTHER LIABILITIES AND PROVISIONS
eQ / TOTAL
Axir / ASSETS
pUir Ueu oM q lMS AU zw

CASH & BALANCES WITH RESERVE BANK OF INDIA

oM q zw AU qa ij Asm xcl mU kl

BALANCES WITH BANKS AND MONEY AT CALL


AND SHORT NOTICE
luz / INVESTMENTS
Aaq / ADVANCES
xjU Axir / FIXED ASSETS
Alr Axir / OTHER ASSETS
eQ / TOTAL

AMxqM SriL / CONTINGENT LIABILITIES


uxs M sL os / BILLS FOR COLLECTION
qWiumh sZMl lir / SIGNIFICANT ACCOUNTING POLICIES
sZ xok Ommhr / NOTES ON ACCOUNTS

18
19

u xMqU
qQs mokM

Ll xuzMUl
Em qW mokM

M qhq
qW mokM

u Lx Mwh MqU
MrmsM lSzM

AzM MqU ami


MrmsM lSzM

Ueu MzU So
Akr u mok lSzM

xk Mwhl
lSzM

ql WqcS
lSzM

e u qhqUl
lSzM

e u xozu Uu
lSzM

ZsS sMql osaq


lSzM

xil xlW
lSzM

m u qrr
lSzM

xls ami
lSzM

xqxZrM ij M WqU UmO M AlxU


Mi
Lc M ckU LhQ M
xlS sZMU

Mi
uMOcsq ArrU LhQ M
xlS sZMU

Mi
Lx m c
cmQ LhQ M
xlS sZMU

Mi
sMU LhQ M
xlS sZMU

Mi
m cmQ LhQ M
xlS sZMU

Mi
L AU Sx LhQ LxxLOx
xlS sZMU

CSUei xl
xfSU

u SuUel
xfSU

mul M ami
xfSU

Lx x sMU
xfSU

UMz el
xfSU

xuhlS ckU
xfSU

lD Sss
29 qD, 2013

223

rj 31 qc, 2013 M xqmi uw M sL xqMi sp u Wl Zi

CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2013
Alxc

rj 31.03.2013
M xqmi uw

Schedule

I.

II.

rj 31.03.2012
M xqmi uw

For the Year ended


31.03.2013
(` 000)

For the Year ended


31.03.2012
(` 000)

Ar / I. INCOME
Aei ore / INTEREST EARNED
Alr Ar / OTHER INCOME
eQ / TOTAL

13
14

34069 87 17
3307 64 82
37377 51 99

30815 63 88
3104 51 10
33920 14 98

urr / II. EXPENDITURE


urr Mr ar ore / INTEREST EXPENDED
mUcsl urr / OPERATING EXPENSES
mukl AU AMxqM urr /

15
16

26197 74 56
5180 35 24

23159 47 13
4818 87 66

3047 59 43
34425 69 23

2694 53 24
30672 88 03

42 93 97

58 85 20

2994 76 73

3306 12 15

25 06 07

(35 57 44)

2969 70 66

3341 69 59

723 33 10
43 39 70
205 00 00
700 00 00
576 00 00
99 82 03

827 45 00
5 83 78
-700 00 00
487 30 00
81 34 34

622 15 83
2969 70 66

1239 76 47
3341 69 59

67.04

75.43

PROVISIONS AND CONTINGENCIES


eQ / TOTAL
xWoSk q Ael M WxxSU / SHARE OF EARNINGS IN
ASSOCIATES

17

AsmxZrM Wi WOl x mWs uw M sL xqMi


lus sp / CONSOLIDATED NET PROFIT FOR THE YEAR
BEFORE DEDUCTING MINORITIES INTEREST

bOL: AsmxZrM Wi (lus Wl) / LESS: MINORITY

INTEREST (NET LOSS)

xqW M Tsxum uw M sL xqMi sp /

CONSOLIDATED PROFIT FOR THE YEAR ATTRIBUTABLE TO


THE GROUP
III. ulrel / APPROPRIATIONS
lqlMi M AiUh / TRANSFERS TO
xukM AUi lkr / STATUTORY RESERVE
me AUi lkr / CAPITAL RESERVE
luz AUi lk / INVESTMENT RESERVE
uzw AUi lkr / SPECIAL RESERVE
mxiui spz / PROPOSED DIVIDEND
spz MU / DIVIDEND TAX

Uexu ij Alr AUi lkr q Aawi vw /

BALANCE CARRIED OVER TO REVENUE AND OTHER


RESERVES
eQ / TOTAL
qWiumh sZMl lir / SIGNIFICANT ACCOUNTING POLICIES
sZ xok Ommhr / NOTES ON ACCOUNTS
mi zrU Ael (qs u ilMi) / EARNINGS PER SHARE (SHARE
BASIC AND DILUTED) (` q / in `)
V SUKUMAR
Divisional Manager

N SIVASANKARAN
Deputy General Manager

R K DUBEY
SUDHA KRISHNAN
Chairman & Managing Director
Director
KHALID LUQMAN BILGRAMI
Director
For H K CHAUDHRY & Co.
Chartered Accountants
INDERJIT SONI
Partner
New Delhi
MAY 29,2013

For K VENKATACHALAM AIYER & Co.


Chartered Accountants
V DEVARAJAN
Partner

18
19

K MANICKAM
General Manager
MEENA HEMCHANDRA
Director
SUTANU SINHA
Director

V S KRISHNAKUMAR
Executive Director
G V SAMBASIVA RAO
Director
P V MAIYA
Director

AS PER OUR REPORT OF EVEN DATE


For S P CHOPRA & Co.
For LOONKER & Co.
Chartered Accountants
Chartered Accountants
PAWAN K GUPTA
Partner

S C LOONKER
Partner

224

ASHOK KUMAR GUPTA


Executive Director
G V MANIMARAN
Director
SUNIL GUPTA
Director

For P CHOPRA & Co.


Chartered Accountants

For A R DAS & ASSOCIATES


Chartered Accountants

RAKESH JAIN
Partner

SWARNENDU CHAUDHURY
Partner

rj 31 qc, 2013 M xqMi isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2013
rj 31.03.2013 M rj 31.03.2012 M
As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

3000 00 00

3000 00 00

i) MS xUMU U kUi mi zrU ` 10/- M 30,00,00,000 DYuO zrU


i) 30,00,00,000 Equity Shares of ` 10/- each held by Central Government

300 00 00

300 00 00

ii) Alr U kUi mi zrU `10/- M 14,30,00,000 DYuO zrU


ii) 14,30,00,000 Equity Shares of `10/- each held by others

143 00 00

143 00 00

443 00 00

443 00 00

Alxc 1 - me / SCHEDULE 1 - CAPITAL


I.

mkMi me / Authorised Capital


(mi zrU ` 10/- M 300,00,00,000 DYuO zrU /
(300,00,00,000 Equity Shares of ` 10/- each)

II.

laqi, ApS AU mS / Issued,Subscribed and Paid up:

Alxc 2 AUi lkr ij Akzw / SCHEDULE 2 - RESERVES AND SURPLUS


I.

xukM AUi lkr / Statutory Reserves

6699 86 88

5971 46 00

II.

AUi me / Capital Reserves

1269 83 25

1226 39 01

1 76 04

1 76 04

2362 33 51

2362 33 51

100 19 39

79 41 99

2033 24 03

2065 13 95

208 22 67

1 20 47

3500 00 00

2800 00 00

8557 96 89

8092 68 75

24733 42 66

22600 39 72

qs - Alwa xok Alus Sl M AsmxZrM Wi / Minority


Interest at the date on which the parent- Subsidiary relationship came
into existence

110 15 12

110 15 12

EUui u/(Mq) / Subsequent Increase / (Decrease)

122 00 76

51 33 13

eQ / TOTAL

232 15 88

161 48 25

III. xqMl mU AUi me / Capital Reserves on Consolidation


IV. vrU mqrq / Share Premium
V.

uSv qS miU AUi lk / Foreign Currency Translation Reserve

VI. mlqsrMl AUi lk / Revaluation Reserve


VII. luv AUi lk / Investment Reserve
VIII. ArMU Aklrq, 1961 M kU 36(1)(viii) M AlxU uvw AUi lkr
/Special Reserve in terms of Section 36(1)(viii) of the Income Tax Act, 1961
IX

Uexu u Alr AUi lkr / Revenue and Other Reserves


eQ / TOTAL

Alxc 2L - AsmxZrM Wi / SCHEDULE 2A - MINORITIES INTEREST


I.

II.

225

rj 31 qc, 2013 M xqMi isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2013
rj 31.03.2013 M rj 31.03.2012 M
As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

i. oM x / FROM BANKS
ii. Alr x / FROM OTHERS
eQ / Total

235 93 87
14485 85 54
14721 79 41

146 41 65
14512 41 21
14658 82 86

II.

oci oM eq / SAVINGS BANK DEPOSITS


eQ / Total

71168 18 72
71168 18 72

64792 21 94
64792 21 94

III.

xuk eq / TERM DEPOSITS


i. oM x / FROM BANKS
ii. Alr x / FROM OTHERS
eQ / Total
eQ / Total (I, II and III)

12104 88 42
257689 77 12
269794 65 54
355684 63 67

9763 93 30
237679 06 13
247442 99 43
326894 04 23

zZA M eq / DEPOSITS OF BRANCHES


i. pUi q / IN INDIA
ii. pUi M oWU / OUTSIDE INDIA
eQ / Total

341931 80 83
13752 82 84
355684 63 67

315927 66 63
10966 37 60
326894 04 23

--3526 13 29

-127 18 75
820 76 25

7353 55 00
10879 68 29

7693 55 00
8641 50 00

8118 24 75

5699 35 35

1357 15 82
9475 40 57
20355 08 86

1273 56 94
6972 92 29
15614 42 29

Alxc 3 - eq / SCHEDULE 3 - DEPOSITS


M. I. qa eq / A.I. DEMAND DEPOSITS

B.

Alxc 4- EkU / SCHEDULE 4 - BORROWINGS


I.
pUi q EkU / BORROWINGS IN INDIA
i. pUir Ueu oM / i. RESERVE BANK OF INDIA
ii. Alr oM / ii. OTHER BANKS
iii. Alr xxjL ij Lexr / iii. OTHER INSTITUTIONS AND AGENCIES
iv. Amipi miSr ohQ / iv. UNSECURED REDEEMABLE BONDS
(ADmQAD AU ah Gh) / (IPDI AND SUB-ORDINATED DEBT)
eQ / Total
II.

pUi M oWU EkU / BORROWINGS OUTSIDE INDIA


i. Alr oM / i. OTHER BANKS
ii. Amipi miSr ohQ / ii. UNSECURED REDEEMABLE BONDS
(ah Gh / SUB-ORDINATED DEBT)
eQ / Total
eQ / Total

226

rj 31 qc, 2013 M xqMi isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2013
rj 31.03.2013 M rj 31.03.2012 M
As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

1057 27 60
42 85 26
1153 11 02
310 35 76
15312 36 57

1105 27 77
55 42 41
764 86 79
251 08 11
11193 31 27

17875 96 21

13369 96 35

1137 85 13

1021 09 07

14277 13 84
14277 13 84
15414 98 97

16791 92 66
16791 92 66
17813 01 73

i. oM q zw / i. BALANCE WITH BANKS


M . cs Zi q / a. IN CURRENT ACCOUNTS
Z. Alr eq Zi q / b. IN OTHER DEPOSIT ACCOUNTS
eQ / TOTAL

1573 70 21
85 56 28
1659 26 49

1222 44 47
3 78 32
1226 22 79

ii. qa AU Asm xcl mU kl / ii. MONEY AT CALL AND SHORT NOTICE


M. oM q / a. WITH BANKS
Z. Alr xxjA q / b. WITH OTHER INSTITUTIONS
eQ / TOTAL
eQ / TOTAL

860 00 00
4307 62 91
5167 62 91
6826 89 40

-550 00 00
550 00 00
1776 22 79

pUi x oWU / II. OUTSIDE INDIA


i. oM q / i. BALANCE WITH BANKS
M. cs Zi q / a. IN CURRENT ACCOUNTS
Z. Alr eq Zi q / b. IN DEPOSIT ACCOUNTS
ii. qa AU Asm xcl mU kl / ii. MONEY AT CALL AND SHORT NOTICE
eQ / TOTAL
eQ / TOTAL

4493 12 62
7247 16 96
797 03 19
12537 32 77
19364 22 17

2855 58 35
5797 48 27
4 42 60
8657 49 22
10433 72 01

Alxc 5 - Alr SriL AU mukl / SCHEDULE 5 - OTHER LIABILITIES & PROVISIONS


I. Sr os / I. BILLS PAYABLE
II. AiU Mrsr xqrel (lus) / II. INTER OFFICE ADJUSTMENT (NET)
III. Emci ore / III. INTEREST ACCRUED
IV. Axjai MU SriL / IV. DEFERRED TAX LIABILITY
V. Alr (mukl xWi) / V. OTHERS (INCLUDING PROVISIONS)
eQ / TOTAL
Alxc 6-pUir Ueu oM q lMS AU zw /

SCHEDULE 6-CASH AND BALANCES WITH RESERVE BANK OF INDIA


I. UMQ zw / I. CASH IN HAND
(uSz qS lO xWi) / (INCLUDING FOREIGN CURRENCY NOTES)
II pUir Ueu oM q zw / BALANCES WITH RESERVE BANK OF INDIA
cs Zi q / IN CURRENT ACCOUNT
eQ / TOTAL
eQ / TOTAL

Alxc 7- oM q zw ij qa AU Asmxcl mU kl /

SCHEDULE 7 - BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
I. pUi q / I. IN INDIA

II.

227

rj 31 qc, 2013 M xqMi isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2013
rj 31.03.2013 M rj 31.03.2012 M
As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

126985 85 35

106373 16 26

136 08 22

484 43 11

126849 77 13

105888 73 15

103055 41 65

89306 81 65

150 01 06

91 33 81

4888 22 05

1173 05 86

4602 47 26

2817 45 21

472 87 51

615 50 62

13680 77 60

11884 56 00

126849 77 13

105888 73 15

779 54 74

756 60 70

95 78 69

148 72 12

683 76 05

607 88 58

53 47 07

45 45 17

OTHERS (BONDS ETC.)

630 28 98

562 43 41

eQ / Total

683 76 05

607 88 58

eQ / Total

127533 53 18

106496 61 73

Alxc 8- luz / SCHEDULE 8 - INVESTMENTS


I.
I.

pUi q luz: xMs

INVESTMENTS IN INDIA: GROSS:

bOr: qsrx u Ll m AD M sL mukl /


LESS: PROVISION FOR DEPRECIATION AND NPI

pUi q lus luz / NET INVESTMENT IN INDIA


i.
i.

xUMU mipir /

ii.
ii.

Alr AlqSi mipir /

iii
iii

zrU /

iv.
iv.

QocU AU ohQ /

v.
v.

xWoSk xxjA q luv /

vi.
vi.

Alr (Lq LT, u x LT, x Q, x m AS) /

GOVERNMENT SECURITIES
OTHER APPROVED SECURITIES
SHARES
DEBENTURES AND BONDS
INVESTMENTS IN ASSOCIATES
OTHERS (MFs, VCF, CDs, CP ETC.)

eQ / Total

II.

pUi M oWU luz- xMs /

INVESTMENTS OUTSIDE INDIA - GROSS

bOr: qsrx u Ll m AD MsL mukl /LESS : PROVISION FOR


DEPRECIATION AND NPI

pUi M oWU lus luz /


NET INVESTMENTS OUTSIDE INDIA
i.

xUMU mipir / GOVERNMENT SECURITIES


(xjlr mkMUh xWi) /
INCLUDING LOCAL AUTHORITIES)

ii.

Alr (oQ AS) /

228

rj 31 qc, 2013 M xqMi isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2013
rj 31.03.2013 M rj 31.03.2012 M
As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

7706 80 04

7992 51 15

ii. UMQ EkU, AuU QnO AU qa mU Gh M cMi /


ii. CASH CREDITS, OVERDRAFTS AND LOANS REPAYABLE ON DEMAND

105055 02 60

107100 07 03

iii. qrS Gh / iii. TERM LOANS

129673 93 33

117636 15 94

eQ / Total

242435 75 97

232728 74 12

191244 76 73

168733 73 30

8793 07 00

6756 43 79

42397 92 24

57238 57 03

242435 75 97

232728 74 12

i. mjqMi / i. PRIORITY SECTOR

82048 77 57

69270 88 78

ii. xuelM / ii. PUBLIC SECTOR

29096 02 86

34567 59 11

14 75 78

43 08 27

iv. Alr / iv. OTHERS

116209 67 79

117821 66 40

eQ / Total

227369 24 00

221703 22 56

10 85 70

20 35 00

271 40 13

239 20 71

Z. qrS AU xqWl Gh / b. TERM / SYNDICATED LOANS

5087 97 80

4339 39 88

a. Alr / c . OTHERS

9696 28 34

6426 55 97

eQ / Total

15066 51 97

11025 51 56

eQ / Total

242435 75 97

232728 74 12

Alxc 9- Aaq / SCHEDULE 9 - ADVANCES


M. i. ZUS ar ij o mU plL ar os /

A. i. BILLS PURCHASED & DISCOUNTED

Z. i. qi Axir U mipi / B. i. SECURED BY TANGIBLE ASSETS


(oW Gh xWi / INCLUDING ADVANCES AGAINST BOOK DEBTS)
ii. oM/ xUMU aUOr U muUi /
ii. COVERED BY BANK / GOVT. GUARANTEES
iii. Amipi / iii. UNSECURED

eQ / Total
C. I.

pUi q Aaq / C. I. ADVANCES IN INDIA

iii. oM / iii. BANKS

II.

pUi x oWU / II. ADVANCES OUTSIDE INDIA


i. oM x Sr / i. Due from Banks
ii. Alr x Sr / ii. Due from Others

M. ZUS ar ij o mU plL ar os/


a. BILLS PURCHASED AND DISCOUNTED

229

rj 31 qc, 2013 M xqMi isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2013
rj 31.03.2013 M

As at 31.03.2013
(` 000)

Alxc 10- Acs Axir / SCHEDULE 10 - FIXED ASSETS


I.
mUxU / I. PREMISES
sai mU/ ij mNs isl m M AlxU
qsrMl / AT COST / VALUATION AS PER LAST

As at 31.03.2012
(` 000)

BALANCE SHEET

2910 03 95

2890 41 19

uw M SUl xukl / ADDITIONS DURING THE YEAR

20 09 38
2930 13 33
4 42 46
2925 70 87
485 45 21

19 64 04
2910 05 23
1 28
2910 03 95
445 97 40

uw M SUl MOir / DEDUCTIONS DURING THE YEAR


Ail qsrx / DEPRECIATION TO DATE
II.

rj 31.03.2012 M

2440 25 66

2464 06 55

Alr Acs Axir / II. OTHER FIXED ASSETS


(TlcU AU eQlU xWi /

INCLUDING FURNITURE & FIXTURES)

mNs islm M AlxU sai mU /

AT COST AS PER LAST BALANCE SHEET

uw M SUl xukl /

ADDITIONS DURING THE YEAR

uw M SUl MOir / DEDUCTIONS DURING THE YEAR


Ail qsrx / DEPRECIATION TO DATE
III.

2001 08 55

1841 13 40

220 80 30
2221 88 85
94 25 90
2127 62 95
1687 27 58

195 18 65
2036 32 05
35 23 50
2001 08 55
1582 37 11

mai Axir / III. LEASED ASSETS


mNs islm M AlxU sai mU /

AT COST AS PER LAST BALANCE SHEET


uw M SUl xukl / ADDITIONS DURING THE YEAR

440 35 37

97 87 17
-97 87 17
46 97
97 40 20
89 50 13
7 90 07

uw M SUl MOir / DEDUCTIONS DURING THE YEAR


Ail qsrx / DEPRECIATION TO DATE

418 71 44

97 87 17
-97 87 17
-97 87 17
88 78 12
9 09 05

bOL: mSU Aiq xqrel sZ /

LESS: LEASE TERMINAL ADJUSTMENT ACCOUNT


IV.

5 71 07

maiUi meai Mr / CAPITAL WORK IN

PROGRESS
eQ / TOTAL

2 19 00
1 19 69
2883 99 72

230

6 90 05

2 19 00
3 00 05
2887 97 04

rj 31 qc, 2013 M xqMi isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2013
rj 31.03.2013 M

rj 31.03.2012 M

Emci ore / I. INTEREST ACCRUED


Aaq m q mS MU/ xi mU MU MOi
(lus)/ II. TAX PAID IN ADVANCE/TAX DEDUCTED

3370 90 23

2932 14 11

2430 83 30

1763 87 78

sZl xqa u xOqm / III. STATIONERY AND STAMPS


Su M xi q mmi M aD aU oMa Axir /

6 93 11

8 37 56

As at 31.03.2013
(` 000)

As at 31.03.2012
(` 000)

Alxc 11- Alr Axir / SCHEDULE 11 - OTHER ASSETS


I.
II.

AT SOURCE (NET)
III.
IV.

IV. NON BANKING ASSETS ACQUIRED IN


SATISFACTION OF CLAIMS

Alr / V. OTHERS
eQ / TOTAL
Alxc 12- AMxqM SriL /

V.

33 09

33 09

5882 77 54

4018 51 67

11691 77 27

8723 24 21

4996 30 79

4883 04 23

--

--

196249 12 20

138706 01 42

SCHEDULE 12 - CONTINGENT LIABILITIES


I.

oM M u Su elW Gh M m q xuMU lW
Mr ar W / CLAIMS AGAINST THE BANK NOT

ACKNOWLEDGED AS DEBTS
II.

Azi: mS luz Wi SriL / LIABILITY FOR

PARTLY PAID INVESTMENTS


III.

oMr urS ulqr xuSA M MUh SriL /


LIABILITY ON ACCOUNT OF OUTSTANDING
FORWARD EXCHANGE CONTRACTS

IV.

xbOM M AU x S aD aUOr

/ GUARANTEES GIVEN ON BEHALF OF CONSTITUENTS

M. pUi q / a. IN INDIA
Z. pUi x oWU / b. OUTSIDE INDIA
V.

23457 86 80
39 40 68

33 18 85
23497 27 48

23334 48 97

24657 21 61

23636 40 07

xuMir, mMl AU Alr okriL /


ACCEPTANCES, ENDORSEMENTS AND
OTHER OBLIGATIONS

VI.

23301 30 12

Alr qS elM sL oM xqi m x


EUSr W / OTHER ITEMS FOR WHICH THE BANK
IS CONTINGENTLY LIABLE

M. ml: plL ar ulqr os / a. BILLS OF


EXCHANGE REDISCOUNTED

Z. Alr / b. OTHERS

eQ / TOTAL

231

--

--

612 40 21

2569 98 88
612 40 21

2569 98 88

250012 32 29

193129 93 57

rj 31 qc, 2013 M xqmi uw M sL xqMi sp u Wl Zi

SCHEDULES FORMING PART OF THE CONSOLIDATED PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31ST MARCH 2013


rj 31.03.2013 M
xqmi uw

For the Year ended


31.03.2013 (` 000)

Alxc 13- Aei ore / SCHEDULE 13 - INTEREST EARNED


I.
Aaq/os mU ore MOi / I. INTEREST/
II.
III.

DISCOUNT ON ADVANCES/BILLS
luz mU Ar / II. INCOME ON INVESTMENTS

pUir Ueu oM q zwUz AU AiU oM lkr


mU ore / III. INTEREST ON BALANCES WITH RBI

AND OTHER INTER BANK FUNDS


IV.
Alr / IV. OTHERS
eQ / TOTAL
Alxc 14- Alr Ar / SCHEDULE 14 - OTHER INCOME
I.
Mqzl, ulqr, AU Sss / I. COMMISSION,
EXCHANGE AND BROKERAGE
II.
luv M ur mU sp/ II. PROFIT ON SALE OF
INVESTMENTS
sp / PROFIT
bOL : Wl / LESS : LOSS
III.
luv M mlqsrMl mU sp / III. PROFIT ON
REVALUATION OF INVESTMENTS
bOL: luv M mlqsrMl mU Wl / LESS: LOSS
ON REVALUATION OF INVESTMENTS
pq/ pul AU Alr Axir M ur mU sp /
IV.
IV. PROFIT ON SALE OF LAND/BUILDINGS AND
OTHER ASSETS
sp / PROFIT
bOL : Wl / LESS : LOSS
ulqr sl-Sl mU sp /
V.
V. PROFIT ON EXCHANGE TRANSACTIONS
sp / PROFIT
bOL : Wl / LESS : LOSS
spz AS U Aei Ar /
VI.
VI. INCOME EARNED BY WAY OF DIVIDEND
VII. uuk Ar / VII. MISCELLANEOUS INCOME
eQ / TOTAL

690 91 78
9 03 90

rj 31.03.2012 M
xqmi uw

For the Year ended


31.03.2012 (` 000)

24339 46 52
9142 29 50

23382 12 40
7065 41 75

585 52 99
2 58 16
34069 87 17

362 68 63
5 41 10
30815 63 88

867 80 65

895 98 81

681 87 88

--

457 38 08
133 67 21

323 70 87

--

15 05 85

(15 05 85)

22 15 50

(22 15 50)

6 48 77
1 57 25

4 91 52

1 02 35
7 24

95 11

484 02 57
19 29 52

464 73 05

446 20 25
11 04 60

435 15 65

Alxc 1515- urr Mr ar ore

SCHEDULE 15 - INTEREST EXPENDED


I.
eq mU ore / I. INTEREST ON DEPOSITS
pUir Ueu oM/ AiU oM EkU mU ore
II.
II. INTEREST ON RESERVE BANK OF INDIA/
INTERBANK BORROWINGS
III.
Alr / OTHERS
eQ / TOTAL

232

54 74 94
1248 62 63
3307 64 82

110 32 31
1360 53 85
3104 51 10

25237 82 06

21951 58 40

165 38 95
794 53 55
26197 74 56

431 38 83
776 49 90
23159 47 13

rj 31 qc, 2013 M xqmi uw M sL xqMi sp u Wl Zi

SCHEDULES FORMING PART OF THE CONSOLIDATED PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31ST MARCH 2013


rj 31.03.2013 M
xqmi uw

For the Year ended


31.03.2013 (` 000)

rj 31.03.2012 M
xqmi uw

For the Year ended


31.03.2012 (` 000)

Alxc 16- mUcsl urr


SCHEDULE 16 - OPERATING EXPENSES
MqcUr M pail AU ElM sL mukl /
I.
PAYMENTS TO AND PROVISIONS FOR EMPLOYEES
I.
II.
MUr, MU, Uzl / II. RENT, TAXES, LIGHTING
III. qSh u sZl xqa / III. PRINTING AND STATIONERY
IV. uml u mcU / IV. ADVERTISEMENT AND PUBLICITY
oM M xm mU qsrx (mlqsrMl AUi lkr
V.
x AiUh M oS M lus) V. DEPRECIATION ON BANKS
PROPERTY (NET OF TRANSFER FROM REVALUATION
RESERVE)
VI. lSzM M zsM, p AU urr / VI. DIRECTORS FEES,
ALLOWANCES AND EXPENSES
VII. sZ mUM M zsM AU urr (zZ sZ mUM
xWi ) / VII. AUDITORS FEES AND EXPENSES (INCLUDES
FOR BRANCH AUDITORS)
VIII uk mpU / VIII. LAW CHARGES
IX. QM, iU, OsTl AS /
IX. POSTAGE, TELEGRAMS, TELEPHONES ETC.
X. qUqqi AU AlUh / X. REPAIRS AND MAINTENANCE
XI. oq / XI. INSURANCE
XII. Alr urr / OTHER EXPENDITURE

eQ / TOTAL
Alxc 17 - xWoSk xxjA q Ar M Av / (Wl)

SCHEDULE 17 - SHARE OF EARNINGS / (LOSS) IN ASSOCIATES


I.
MlTl Wqx sqOQ / CANFIN HOMES LTD
Mqlusj OxO CQr sqOQ
II.
COMMONWEALTH TRUST INDIA LTD
III. Gh uvswh u Alxkl sqOQ
CREDIT ANALYSIS AND RESEARCH LTD
IV. r aqh oM / REGIONAL RURAL BANKS
M. mai aqh oM / A. PRAGATHI GRAMIN BANK

Z. xEj qsoU aqh oM

B. SOUTH MALABAR GRAMIN BANK


a. rx aqh oM / C. SHREYAS GRAMIN BANK
eQ / TOTAL

233

3285 44 47
471 97 12
31 01 60
33 93 14

3003 74 44
403 86 85
30 80 40
26 93 24

191 44 41

159 15 87

1 03 97

1 22 13

32 85 01
27 70 86

34 45 76
31 76 52

39 46 33
155 30 45
226 07 60

38 59 31
152 64 31
285 71 08

684 10 28
5180 35 24

649 97 75
4818 87 66

22 92 02

18 53 23

--

--

--

27 36 58

21 84 58

4 41 27

(1 82 63)
--

3 51 75
5 02 37

20 01 95
42 93 97

12 95 39
58 85 20

Alxc- 18

SCHEDULE 18

rj 31 qc
qc, 2013 M xqmi uw M
sL xqMi ur uuUh M qWiumh
sZMl lir

SIGNIFICANT ACCOUNTING POLICIES ON THE


CONSOLIDATED FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31ST MARCH, 2013

1. M. xqMi ur uuUh irU MUl M AkU:


oM (qs), ClM Alwar, xr Eq ij xWo
xxjA (xqW) M xqMi ur uuUh LiWxM
sai mUmU M Aiai irU Mr ar W AU Alrj
Mr ar uur M NQMU pUi q xqlrir xuMi
sZMl xi, xoki xukM mukl, pUir
Ueu oM U lkUi lrqM AmA/ SzlSz,
oq ulrqM u uMx mkMUh, Mml Aklrq,
1956, pUir xlS sZMU xxjl U eU M aD
sZMl qlM AU xoki Ea / MUoU M mcsi
mjA M qWiumh mUmr M Alm W|

1. (a) Basis of Preparation of Consolidated Financial


Statements:
The Consolidated Financial Statements (CFS) of the
Bank (Parent), its Subsidiaries, Joint Venture and
Associates (Group) are drawn up on historical cost
convention and conform in all material aspects to
the Generally Accepted Accounting Principles (GAAP)
in India, applicable statutory provisions, regulatory
norms / guidelines prescribed by Reserve Bank of India,
Insurance Regulatory and Development Authority,
Companies Act, 1956, Accounting Standards issued
by the Institute of Chartered Accountants of India
and the prevalent market practices, in the respective
industry / business except as otherwise stated.
(b) Use of Estimates:
The preparation of consolidated financial statements
requires the management to make estimates and
assumptions that affect the reported amount of
assets, liabilities, expenses, income and disclosure of
contingent liabilities as at the date of the financial
statements. Management believes that these
estimates and assumptions are reasonable and
prudent. However, actual results could differ from
estimates. Any revision to accounting estimates
is recognized prospectively in current and future
periods.

Z. Alql M Emra:
xqMi ur uuUh M irU M sL mokl i M
Axir, SriA, urr, Ar ij AMxqM SriA M
mMOl M mpui MUlus Uz M xok q ur
uuUh M iUZ M Alql ij kUhA M oll
M AuzrMi W | mokl M qll W M r Alql u
kUhL Eci u uuMmh W | ijm, uxiuM mUhq
Alql x Asa W xMi W | sZMl Alql q Mx
xzkl M uiql ij puwr q qlri Sr eLa |
2. xqMl mr
2.1 xqW (7 Alwar, 3 xWo xxjA ij 1 xr Eq)
M xqMi ur uuUh M irU lqlsZi M AkU
mU M aD:

2. Consolidation procedure:
2.1 CFS of the Group (comprising of -7- Subsidiaries,
-3-Associates and -1- Joint Venture) have been
prepared on the basis of:
(a) Audited accounts of Canara Bank (Parent).

M. MlU oM (qs) M sZ mUi sZ

(b) Line by line aggregation of each item of asset /


liability / income / expense of the Subsidiaries
with the respective item of the Parent, and after
eliminating all material intra-group balances /
transactions, unrealised profit/loss and making
necessary adjustments wherever required for all
significant non-uniform accounting policies as
per AS 21 (Consolidated Financial Statements)

Z. oM AU ExM Alwar M ur uuUh LM


m sZ lir M Alm Wl M sL Axir,
SriA, Ar AU urr ex Uzr M LM eQMU
AiUxqWM sl Sl AU EaW lW ar sp/Wl
M WOl M oS AU eW MW AcUhr W AuzrM
mUuil MUM m SU m AkU mU pUir xlS

234

sZMU xxjl U eU Mr ar sZ qlM (s q)


21 (xqMi ur uuUh) M Alm irU Mr ar W|
a. xWo xxjA q M aD Sbuk luz M sZMl
pUir xlS sZMU xxjl U eU M aD
sZMl qlM-23 (xWo xxjA q luz M
sZMl M sL xqMi ur uuUh) U xWo
xxjA M sZmUi ur uuUh M AkU mU
Mr ar W | xWo xxjA M mUcsl mUhq
M luzM M Wxx M xqMi sp u Wl uuUh
q Asa x Szr ar W|
b. xr Eq M qqs q "xqlmiM xqMl mi"
q pUir xlS sZMU xxjl U eU Mr
ar sZ qlM 27 (xr Eq q Wi M ur
UmOa) M AlxU xqMi Mr ar W |
2.2 xqMi ur mUhq q AsmxZrM Wi x iimr
Alwar q lus DYuO / sp q AsmxZrM
zrUkUM M Wxx x W |
2.3 Alwar q ExM luz M xj mkl xxj M sai
ij Alwar M DYuO q mkl M Wxx M oc M
AiU M qqslxU xZ / me AUi lk M m q
qlri S aD |
3. uSz qS AiUh / uSz qS mUuil:
3.1 uSz zZ M xok q, pUir xlS sZMU xxjl
M sZMl qlM 11 - "uSz ulrq SU q mUuil
M mpu" M Alm Lu pUir Ueu oM M Sz lSz
M AlxU, TQD U bwi Aiq WeU ulrq SU
mUxmr Lu SriA M AiUh Mr ei W AU
uSz zZA M Ar Lu urr qS M TQD U
mMzi iqW Axi xqml SU mU AiUi Mr ei W|
mUhqxum Wlus ulrq sp/Wl M uSz qS
AiUh AUi lk q eq/lq Mr ei W|
3.2 Sz zZA M xok q pUir xlS sZMU xxjl
M sZMl qlM 11-"uSz ulrq SU q mUuil
M mpu" M Alm AU pUir Ueu oM M lSz
M AlxU urS ulrq xuSA, aUir, xuMir,

235

issued by the Institute of Chartered Accountants


of India (ICAI).
(c) Long Term Investments in Associates are
accounted for under the Equity Method as per
AS 23 (Accounting for Investments in Associates
in Consolidated Financial Statements) issued by
ICAI based on the audited Financial Statements
of the Associates. The investors share of the
results of the operations of the Associates is
reflected separately in the Consolidated Profit
and Loss Account.
(d) Interests in Joint Ventures are consolidated
on Proportionate consolidation method as
prescribed in AS 27 (Financial Reporting of
Interests in Joint Ventures) issued by ICAI.
2.2 Minority interest in the CFS consists of the share of
the minority shareholders in the net equity / profit of
the subsidiaries.
2.3 The difference between cost to the Parent of its
initial investment in the subsidiaries and the Parents
portion of the equity of the subsidiaries is recognized
as goodwill/ capital reserve as the case may be.
3. Foreign Currency Translation / Conversion of Foreign
currencies:
3.1. Transactions and balances of foreign branches are
classified as non-integral foreign operations. Assets
and Liabilities (both monetary and non-monetary
as well as contingent liabilities) are translated at the
closing spot rate of exchange announced by Foreign
Exchange Dealers Association of India (FEDAI)
and Income and Expenditure items of the foreign
branches are translated at the quarterly average rate
published by FEDAI in accordance with Accounting
Standard (AS) 11 issued by the Institute of Chartered
Accountants of India (ICAI) and as per the guidelines
of Reserve Bank of India (RBI). The resultant exchange
gain/loss is credited / debited to Foreign Currency
Translation Reserve.
3.2. Foreign currency transactions of Indian branches have
been classified as integral foreign operations. Assets
and Liabilities in foreign currency, Forward Exchange
Contracts, Guarantees, Acceptances, Endorsements

mMl AU okriA xWi uSz qS q mUxmr


AU SriA M qsrMl, Aiq WeU SU/xuS M
Auz mUmYui M sL urS SU mU Mr ei W|

and Obligations are evaluated at the closing spot


rate / forward rate for the residual maturity of the
contract in accordance with AS 11 issued by ICAI and
as per the guidelines of RBI.

slSl M iUZ M uql ulrq SU mU Ar u urr


qS M Wxo q sr ar W|

Income and Expenditure items are accounted for


at the exchange rates prevailing on the date of
transactions.

3.3 urS ulqr xuSL:


xp urS ulqr xuSA M mUp q Eim Wlus
mqrq r QxMEO M urr r xuS mU Wlus Ar
M m q mUzki Mr ar W | urS ulqr xuSA
M AmUzki mqrq r pll xWi AxqrM xqmi
mU Wlus sp / Wl, rS W i, xqmi iUZ mU
qlri S aD | oMr urS ulqr xuSA, aUOr,
xuMir, mMl ij Alr okriA M xok q
AMxqM SriA M mUMsl Aiq TQD SU M
AlxU Mr ar W|
4. urim xuSL
qs oM ore SU M ASs-oSs AU qS urimr M
Mq MUi W| qs oM M ore SU urimr mr ore
SU ASs-oSs, mUxmU slSl M qS ore SU ASsoSs AU urS SU MUU W| qs oM M qS urimr
uMsm AU qS ASs-oSs W |
pUir Ueu oM M SzlSz M AkU mU
M. urmU M sL mra M elus urimr oeU M
sL AMi M ar W AU lus qsru / qsrx M
mWcl M aD W eoM qsru M Em M aD W|
Z. miU M sL Emra q sr e UW urimr Cx
mMU W:
i)

oeU M sL AMi M ei W, eW AkUpi


Axir / SriL oeU MsL AMi M aD W|

3.3. Forward Exchange Contracts:


Premium or discount arising at the inception of
all forward exchange contracts are amortized as
expense or income over the life of the contract. Profit/
Losses arising on premature termination of forward
exchange contracts, together with unamortized
premium or discount, if any, is recognized on the
date of termination. Contingent liability in respect of
outstanding forward exchange contracts, guarantees,
acceptances, endorsements and other obligations
are calculated at the closing FEDAI rates.
4. Derivative Contracts:
The Parent deals in Interest Rate Swaps and Currency
Derivatives. The Interest Rate Derivatives dealt by the
Parent are Rupee Interest Rate Swaps, Cross Currency
Interest Rate Swaps and Forward Rate Agreements.
Currency Derivatives dealt by the Parent are Options
and Currency Swaps.
Based on Reserve Bank of India guidelines:
a. Derivatives used for trading are marked to market and
net depreciation is recognized while net appreciation
is ignored.
b. Derivatives used for hedging are
i.

ii) miU ASs-oSs M sL Ar / urr M Emcr


AkU mU sZMl Mr ei W|
5. luz:
qs oM ij ClM Alwar M luz M xukM /
lrM qlM M Alm uaMi AU qsrMi Mr
ar W|
6. Aaq:
TYOU Gh xWi Aaq lrM mkMU U lkUi
uuMmh qlM M AlxU mukl M lus W|

Marked to Market in case where the underlying


Assets / Liabilities are marked to market.

ii. Income / Expenditure is accounted on accrual


basis for Hedging swaps.
5. Investments:
Investment portfolio of the parent and its subsidiaries
is classified and valued as per applicable statutory /
regulatory norms.
6. Advances:
Advances including factored debts are net of
provisions made in accordance with the prudential
norms prescribed by the regulatory authorities.

236

7. Acs Axir:

7.

eW mlqsrMl Mr ar W ElW NQMU mUxU AU


Alr xjU mUxmr M LiWxM sai mU oir
ar W| xjU mUxmr q m mU S aD mUxmr
zqs W|
8. qsrx:

i)

MmrOU M NQMU, Acs Axir M qsrxi


qsr mi M iWi iixok Axi M Emrer eul
mU msi qsr M AkU mU mokl U lkUi
SU M AlxU qsrx Mr ei W| pUir Ueu
oM M SzlSz M AlxU, MmrOU mU qsrx
M xk MOi mhs M AkU mU 33.33% mpUi
MUi WL Mr ar W|

ii) m mU S aD mUxmr mU qsrx M m Auk


M FmU mpUi Mr ei W|
iii) m mU S aD Axir mU qsrx qsr mi
M AkU mU Mml Aklrq, 1956 M Alxc
XIV M AlxU, me uxs M xqrei MUl M
oS qsrx mpUi Mr ar W| xjU / mSU
mUxmmr M xukl mU qsrx M AkaWh
iUZ M krl Mr ol mU uw M sL mpUi Mr
ar W| ur / lmOl M uw q Mx mMU M
qsrx M mukl lW Mr ar|
8.2 Alwar:
i)

8. Depreciation:
8.1 Parent:

8.1 qs oM:
i)

Fixed Assets:
Premises and other Fixed Assets are stated at
historical cost except wherever revalued. Fixed assets
include assets given on lease.

S Alwar ex MlU LcLxox BULOs oM


BT Mqx eul oq Mml sqOQ ij MloM
MmrOU xuxe sqOQ, eW Axir M AjM
Emrer eul M krl q UZMU xk sCl mi
M AkU mU qsrx mSl Mr ar W, M NQMU
bUs Alwar M xjU mUxmr M qsrx
Mml Aklrq, 1956 M iWi lkUi mi AU
SU mU Mr ar|

Fixed Assets of the Parent excluding computer


are depreciated under Written Down Value
method as per the rates determined by the
management on the basis of estimated useful
life of the respective assets. As per the guidelines
of Reserve Bank of India, depreciation is charged
on computers at 33.33% on straight-line method.

ii) Premium paid on leasehold properties is charged


off over the lease period.
iii) Depreciation on Assets given on Lease is charged
on Written Down Value method as per Schedule
XIV of the Companies Act, 1956 after adjusting
Capital recovery. Depreciation on addition to
fixed/leased assets is charged for the full year
irrespective of the date of acquisition. No
depreciation is provided in the year of sale/
disposal.
8.2 Subsidiaries:
i)

Fixed assets of the domestic subsidiaries


are depreciated as per Written Down Value
(WDV) method and rates prescribed under the
Companies Act, 1956 except in case of two
subsidiaries viz. Canara HSBC Oriental Bank
of Commerce Life Insurance Company Ltd
and Canbank Computer Services Ltd, where
depreciation is provided as per Straight line
Method (SLM) considering economic useful life
of the assets.

ii) xnOurU ZUS / uMx ij sCxx sai AS


ex Aqi Axir M qsrx xk sCl AkU mU
xnOurU M Emrer eul M AlxU xnOurU M
mjq Emra x AkMiq 3 uw M sL qsrxi
Mr ar W |

ii) Intangible assets comprising of software


purchase/developed and licensing cost are
depreciated on straight-line basis over the useful
life of the software upto a maximum of 3 years
commencing from the date on which software is
first utilized.

iii) mSU mUxmr M qsrx Mml Aklrq,


1956 M iWi lkUi mi AU SU mU r MUU

iii) In respect of leased assets depreciation is


charged either as per the method and rates

237

M AlxU mSU M mU mjqM / irM Auk


M sL mSU MUr M uw M SUl xci mSU
MUr M Almi, Sl q e AkM W Ex SU mU
Mr ar W|
8.3 uSz lMr xjU mUxmr M qsrx xjlM
Mll M AlxU Mr ar W|
9. Axir M Wl:
Acs Axir mU Wl M, rS W i, pUir xlS
sZMU xxjl / LlLxLLx U eU M aD sZMl
qlM (s q)28- "Axir M Wl" M AlxU, spWl Zi q qlri Sr ar W |

prescribed under the Companies Act, 1956 or in


the ratio of lease rentals accrued during the year
to lease rentals for the entire primary/secondary
period of the lease, as per agreements, whichever
is higher.
8.3 Depreciation on Fixed assets of the foreign entities is
charged as per the local laws.
9. Impairment of Assets
Impairment losses on Fixed Assets, if any, are
recognized in Profit & Loss Account in accordance
with Accounting Standard (AS) 28 Impairment of
Assets issued by ICAI / NACAS.

10. Uexu qlri:

10. Revenue Recognition

10.1 Ar u urr M sZMl xqlrir Emci AkU mU


Mr ei W|

10.1 Income and expenditure are generally accounted on


accrual basis.

10.2 lrM mkMU M uuMmh qlSQ M AlxU luz


xWi AleM mUxmr M qqs q Ar M lkUh
EaW M WS iM Mr ar W|
10.3 Mqzl, ulrq, Sss, spz ij sMU MUr,
mxxMUh mpU AU Alr xu mpU M sZ mmi
AkU mU Ar M m q Mr ar W|
10.4 eul oq Mml:

10.2 In the case of Non-Performing Assets including


Investments, income is recognized to the extent of
realization in accordance with norms prescribed by
regulatory authorities.
10.3. Commission, Exchange, Brokerage, Locker rents,
Processing charges and Other Service charges of
Parent Bank are accounted on receipt basis.
10.4 Life Insurance Company:

M) mqrq:

a) Premium :
Premium is recognised as income when due from
policy holders, if there is a reasonable certainty
of collectability. For unit linked business, income
is recognized when the units are allocated.
Premium on lapsed policies is recognized as
income when such policies are reinstated.
Premiums are recognized net of service tax. Topup premium is considered as single premium.

uxs M Eci lii W i, msxkUM x Sr


UWl mU mqrq M Ar M m q qlri Sr ar
W | CMD xo MUoU M sL CMCr M AoOl
mU Ar M qlri Sr ar W | urmai msxr mU
mqrq M msxr oWs Wl mU Ar M m q
qlri Sr ar W | mqrq M xu MU M lus
M m q qlri Sr ar W | Om-Am mqrq M
LMs mqrq M m q ql ar W |

b) Income from Linked Business:


Fund management charges, administrative
charges, mortality charges and other charges as
per the product feature are recovered from linked
funds in accordance with terms and conditions
of policies and are recognized when due.

Z) xo MUoU x Ar:
lk mokl mpU, mzxlM mpU, qir SU mpU AU
Alr mpU EimS uzwiA M AlxU xo lkr
x msx M lrq u zi M AkU mU uxs Mr
ei W ij Sr Wl mU qlri Sr ar W |

238

a) mloq mqrq:
mloq mqrq M pail M sZMl ml: oq
Mml M xj M aD uruxj r xk M AlxU
Mr ei W |
b) mS sp(Su xWi):

c) Reinsurance Premium:
Reinsurance premium ceded is accounted
in accordance with the treaty or in principle
arrangement with the re- insurer.

Su M sai q msx x sp M Uz ij Su
lmOl sai, eW sa W, zqs Wi W | qir Su
ij UCQU Su M sZMl xcl mmi M oS M
ei W |

d) Benefits paid (including claims):


Claims costs consist of the policy benefit amount
and claim settlement costs, where applicable.
Death claims and rider claims are accounted for
on receipt of intimation.

EUeu sp Su ij mUmYui Su M sZMl


pail M sL Sr Wl mU M ei W |

Survival benefit claims and maturity claims are


accounted for when due for payment.

rlO sM msxr M Aiai Aprmh ij AWUh


M sZMl, xo rlO M U Wl mU Mr ei
W| mUmUai msxr M Aiai ClM sZMl
Aprmh M xcl mmi ij xuMU ML el mU
M ei W |

Surrenders and withdrawals under unit linked


policies are accounted for when associated units
are cancelled. Under traditional policies these
are accounted for when the intimation for the
surrender is received and accepted.

sM Cl Auk M Aiai xo msxr M qqs


q, Aji M) msx eU ML el M ij x 3
uw (1xioU 2010 M mWs eU M aD msxr M
qqs q), Lx msxr M Aprmh qsr M ur
uw q Sri M m q s er ei W ij msx
kUM M, sM Cl Auk M xqmi M oS pail
Mr ei W | Z) msx eU ML el M ij x
5 uw (1xioU 2010 M oS eU M aD msxr
M qqs q), ux msxr M Aprmh qsr M
LM lq lk "rLs uriq msx lk" q
luzi Mr ei W ij msx kUM M, sM Cl
Auk M xqmi M oS lrliq li misp r
uxiuM misp, Sl q e AkM W, M pail
Mr ei W |

In case of surrender of linked policy within the


lock in period i.e. a) 3 years from the date of
issue of policy ( in case of policies issued before
1st September 2010), the surrender value of
such policies is carried in financials as a liability
and is paid to the policyholder on the expiry of
the lock in period; b) 5 years from the date of
issue of policy (in case of policies issued after 1st
September 2010), the surrender value of such
policies is invested in a designated fund called
UL Discontinued Policy Fund and is paid to the
policyholder on the expiry of the lock in period
along with minimum guaranteed return or
actual return, whichever is higher.

Su mU mloqi uxs M sZMl xoki Su M


Auk q M ei W |

Re- insurance recoveries on claims are accounted


for, in the same period as the related claims.

X) AkaWh sai:
AkaWh sai uW sai W e mjqM m x oq
xuS AkaWh x xoki Wi W ij ex Auk
q Zc Wl Wi W Ex Auk q Zc Mr ei
W exx rW mUuii Wi UWi W | mjq uw q
pail M aD Mqzl M uxs Mx cmsx M
MUh M aD W, rS MD W i, puwr q ExM
sZMl Ex uw q M ei W exq ExM uxs
Sr Wi W |

239

e) Acquisition Costs:
Acquisition costs are costs which vary with and
are primarily related to acquisition of insurance
contracts and are expensed off in the period in
which they are incurred. Recovery on account of
clawback of the first year commission paid, if
any, in future is accounted in the year in which its
recovery is due.

c) eui ms
sxr
xr M SriL:

f) Liability for life policies:


The value of liabilities is determined in accordance
with Insurance Regulatory and Development
Authority (Assets, Liabilities and Solvency Margin
of insurers) Regulations, 2000 and other relevant
Regulations issued by IRDA, the Actuarial Practice
Standards issued by the Institute of Actuaries of
India and generally accepted actuarial principles
in India.

SriA M qsr M lkUh oq ulrqM u uMx


mkMUh (oqMi M Axir,SriL ij zkqi
qel) ulrq, 2000 ij CUQ U eU Alr
xoki ulrq, pUir oqMM xxjl U eU
qlM oqMM mj ij pUi q xqlr iU x qlr
oqMM xi M AlxU Wi W |
11. MqcU Wi:
M. mUpwi Wisp relL:

11. Employee Benefits

mzl ij EmSl M mi SriA M mirM isl


m iUZ M Alqli CMD xZ mi M xui
oqMM qsrMl M AkU mU qlri Sr ei W |
ClW SriA M lkrl oM U ij mokl AsaAsa lrx U Mr ei W |

a) Defined benefit schemes:


The liabilities towards Gratuity and Pension
are recognized based on independent actuarial
valuation on Projected Unit credit Method at
each Balance Sheet date. These liabilities are
funded by the Parent Bank and are managed by
separate trusts.

Z. Sbuk MqcU Wisp:


uzwkMU N
mirM isl m
mi M xui
qlri Sr ei

M Sbuk sp ql ar W ij
iUZ M Alqli CMD xZ
oqMM qsrMl M AkU mU
W |

b) Long term employee Benefit:


The Privilege leave is considered a long term
benefit and is recognized based on independent
actuarial valuation on Projected Unit credit
Method at each Balance Sheet date.

a. mUpwi AzSl relL:

c) Defined contribution schemes:


Contributions to defined contribution schemes
are recognized on the basis of the amount paid
or payable for the period during which services
are rendered by the employees.

mUpwi AzSl relA M mi AzSl M


MqcU U xuMs M SUl S aD xuA M sL
mS r mSr Uz M AkU mU qlri Sr ei W |
12. MUkl:
lrrM lhr AU Mll xsW mU ukui ucU MUl
M oS Ar MU Wi mukl Mr ei W| Amukli
uuSaxi MU "AMxqM SriA" M Aliai zqs
Mr ar W|

12. Taxation:
Provision for Income Tax is made after due
consideration of the judicial pronouncements and
legal opinion. Disputed taxes, not provided for are
included under Contingent Liabilities.

uw Wi MU urr q, uiql MU Lu Axjai MU zqs


W | rW Axjai MU xmr xqr piA M xok q
uuMmh ucU M Akl W AU rW pi MU rar Ar
AU sZMl Ar M oc M pi W e M Mx LM
Auk q Eim Wi W AU iSmUli LM r AkM Auk
M SUl miuil M qi UZi W |
13. mi zrU Ael:
oM, pUir xlS sZMU xxjl U eU M aD
sZMl qlM 20 M AlxU mi zrU M qs u ilMi
Ael M UmO MUi W | mi zrU qs Ael M ahl

Tax expenses for the year comprise of current Tax


and Deferred Tax. Deferred Tax recognizes, subject to
the consideration of prudence in respect of Deferred
Tax Assets, timing differences being the difference
between taxable income and accounting income that
originate in one period and are capable of reversal in
one or more subsequent periods.
13. Earning per share:
The Parent Bank reports Basic and Diluted Earnings
Per Share in accordance with AS 20 issued by ICAI.
Basic Earnings Per Share is computed by dividing the

240

MU mi lus sp M uw M SUl oML DYuO zrU


M pUi Axi xZr x upei MUM Mr ei W |
14. mukl, AMxqM SriL AU AMxqM Axir:
pUir xlS sZMU xxjl U eU M aD sZMl
qlM 29 (mukl, AMxqM SriL AU AMxqM
Axir) M AlxU oM, muui bOl M mUhq M m
q uiql q MD Sriu W AU Ex Sriu M lpl
M sL xi M oWU muW W AU eo Sriu Uz M
Eci mUMsl Mr e xMi W, ip mukl M qlri
Si W |

net profit after tax by the weighted average number


of equity shares outstanding for the Year.
14. Provisions, Contingent Liabilities and Contingent
Assets:
As per the AS 29 (Provisions, Contingent Liabilities
and Contingent Assets) issued by ICAI, the Parent
recognizes provisions only when it has a present
obligation as a result of a past event, it is probable
that an outflow of resources embodying economic
benefits will be required to settle the obligation
and when a reliable estimate of the amount of the
obligation can be made.

AMxqM SriA M mMOl io Mr ei W eo


xxkl M oWaql U Wlus AjM sp oWi
Mq W |

Contingent liability is disclosed unless the possibility


of an outflow of resources embodying economic
benefit is remote.

ur uuUh q AMxqM Axir M qlri lW S


ei YrM ElM qlri Sl x Lx Ar M qlri Sl
Wa e Mp EaW lW eLa |

Contingent Assets are not recognized in the financial


statements since this may result in the recognition of
income that may never be realized.

241

Alxc- 19 / SCHEDULE 19
rj 31 qc 2013 M xqmi uw M sL xqMi ur uuUh mU sZ xok Ommhr
NOTES ON ACCOUNTS ON THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31st MARCH 2013
1. xqMi ur uuUh MlU oM (qs) u ExM lqlsZi Alwar, xWo xxjA u xr Eq M mUhq W |
Alwar, xWo xxjA u xr Eq M ur uuUh MlU oM M ur mUhq, Aji 31 qc, 2013 M xqmi uw,
M W W |
1.1 Alwar:
lql Alwar M ElM sZ mUi ur mUhq M AkU mU xqMi Mr ar W:
q
x.

Alwa M lq

laqi Sz

rj 31.03.2013 rj 31.03.2012
M xuqiu
M xuqiu
Wi M
Wi M
mizi (%)
mizi (%)

MloM ucU MmOs TQ s.

pUi

100.00%

100.00%

MloM Tllzrs xuxx s.

pUi

100.00%

100.00%

MlU oM xYrUOe s.

pUi

100.00%

100.00%

MloM TYOx s.

pUi

70.00%

70.00%

MloM MmrOU xuxe s.

pUi

69.14%

69.14%

MlU UoM Axi mokl Mml s.

pUi

51.00%

51.00%

MlU LcLxox BULhOs oM BT Mqx


eul oq Mml s.

pUi

51.00%

51.00%

1.

The Consolidated Financial Statements (CFS) of the Group comprises the result of the Canara Bank (Parent) and
following Subsidiaries, Associates and Joint venture. The financial statements of the Subsidiaries/Associates/Joint
venture are drawn upto the same reporting date as that of the Parent i.e. year ended March 31, 2013.

1.1 Subsidiaries:
The following subsidiaries have been consolidated based on their Audited Financial Statements:
Sl.
No.

Country of
incorporation

Name of the Subsidiary

Percentage
Percentage
of ownership of ownership
interest (%) as interest (%) as
on 31.03.2013 on 31.03.2012

1.

Canbank Venture Capital Fund Ltd

India

100.00%

100.00%

2.

Canbank Financial Services Ltd

India

100.00%

100.00%

3.

Canara Bank Securities Ltd

India

100.00%

100.00%

4.

Canbank Factors Ltd

India

70.00%

70.00%

5.

Canbank Computer Services Ltd

India

69.14%

69.14%

6.

Canara Robecco Asset Management Company Ltd

India

51.00%

51.00%

7.

Canara HSBC Oriental Bank of Commerce Life Insurance


Company Ltd

India

51.00%

51.00%

242

1.2. xWo xxj :


xqMl M Ezr x lqlsZi xWo xxjA M sZmUi ur uuUh M AkU mU Elq M aD luz mU ucU
Mr ar |
rj 31.03.2013 rj 31.03.2012
M xuqiu
M xuqiu
qM
xWo xxjA M lq
laqi Sz
Wi M
Wi M
mizi (%)
mizi (%)
1
MlTl Wqx s
pUi
42.35%
42.35%
2

mai aqh oM

pUi

35.00%

35.00%

xFj qsoU aqh oM

pUi

35.00%

35.00%

1.2 Associates:
I. The investment in the following Associates have been considered for the purpose of consolidation based on
their Audited Financial Statements.
Sl. No.

Country of
incorporation

Name of the Associates

Percentage
Percentage
of ownership of ownership
interest (%) as interest (%) as
on 31.03.2013 on 31.03.2012

1.

Canfin Homes Ltd.

India

42.35%

42.35%

2.

Pragathi Gramin Bank

India

35.00%

35.00%

3.

South Malabar Gramin Bank

India

35.00%

35.00%

II. Mqlusj lrx (pUi) sqOQ, LM xWo xxjl, eW


mU qs oM M 30% kUh W, CxM ur uuUh SlM
31 qc, 2011 iM Emsok Wl M MUh xqMl Mr M
sL ucU lW Mr ar W | xWo xxjl M mWs x
lql xiU M mUcsl Wl M MUh ij rj 31.03.2011
M Emsok Aiq Amrmi ur uuUh mU ucU MUi WL ,
xqMi ur uuUh q, CxM luz M zqs lW MUl
x, MD mpu lW W |
III. pUi xUMU M Akxcl xZr LT.x.7/9/2011-AUAUo
(rm-1) SlM 01.04.2013 M AlxU SlM 01.04.2013
x MlU oM U mrei rx aqh oM, eW qs oM
M 35% kUh j, ij oM BT CQr U mrei Ar
ui r aqh oM M usr MUM oM BT CQr M
mrel q aqh oM BT Ar ui Mr ar | iSlxU
qs oM l xWo oM M kUh M Ams 2013 M SUl
AMi qsr mU oM BT CQr M AiUi Mr | Ai:
xqMl Mr M sL rx aqh oM M luz mU ucU
lW Mr ar W |
IV. SlM 27.12.2012 x xZ uzswh u Alxkl (MrU)
sqOQ M xWpai M oS Mr ar W, exq oM M
zrU kUi 22.81% j | Ai: SlM 31 qc, 2013 M
xqmi uw M sL xqMl Mr M sL MrU M luz mU
ucU lW Mr ar W |

243

II. Commonwealth Trust (India) Ltd., an Associate, in


which Parent has 30% holding, could not be considered
for consolidation as its financial statements are
available only upto 31st March 2011. The Associate
is having lower level of operations since earlier
year/s and considering the unsubstantial financials
as per the last available financial statements as
at 31.03.2011, there is no material impact of noninclusion of its investments in the Consolidated
Financial Statements.
III. Shreyas Gramin Bank, an Associate in which Parent
was holding 35% share and Aryavart Kshethriya
Gramin Bank sponsored by Bank of India were
amalgamated as Gramin Bank of Aryavart with
sponsored bank, Bank Of India, with effect from
01.04.2013 as per Government of India Notification
No. F.No.7/9/2011-RRB (UP-1) dated 01.04.2013.
Accordingly, the Parent has transferred its entire
holding in the Associate to Bank of India at Face Value
during April, 2013. Consequently the investments of
Shreyas Gramin Bank have not been considered for
the purpose of consolidation.
IV. Credit Analysis and Research Ltd. (CARE) in which
Parent was holding 22.81% share ceased to be an
Associate with effect from 27.12.2012. Consequently
the investments of CARE have not been considered
for the purpose of consolidation.

1.3 xr Eq:

M. x q laqi Mqzrs oM BT CQr Ls Ls


x, xr Eq xxj M xok q exq oM M
40% Wi W, xqMl 31 qc 2013 M xqmi uw
M sL sZmUi sZ M AkU mU Mr ar
W | xr Eq M sL sZ uw SxoU 31 M xqmi
Wa |

1.3 Joint Venture:


a. In respect of Commercial Bank of India LLC.,
the Joint Venture entity, incorporated in Russia
wherein the Bank has 40% interest, consolidation
has been done based on audited accounts for the
year ended 31st March, 2013. The Accounting
year for the joint venture ends on 31st December.
b. As required by Accounting Standard (AS) - 27 Financial Reporting of Interest in Joint Ventures
issued by the Institute of Chartered Accountants
of India (ICAI) the amount of the Assets,
Liabilities, Income and Expenses of Parents share
in the said Joint Venture is as under:-

Z. pUir xlS sZMU xxjl U eU sZ


qlM- 27 "xr Eq q Wi M ur UmOa"
M AuzrMi M AlxU E xr Eq q Axir,
SriA, Ar u urr Uz q qs oM M zrU
lqlui W:M. isl m
uuUh

A. Balance Sheet:
(` MUQ q)
31.03.2013 31.03.2012

me u SriL

(` in Crore)
Particulars

31.03.2013 31.03.2012

Capital & Liabilities

me

43.42

40.70

Capital

43.42

40.70

AUi lkr ij Akzw

32.49

23.48

Reserve & Surplus

32.49

23.48

eq

3.77

5.21

3.77

5.21

EkU

120.68

89.03

120.68

89.03

0.51

0.69

0.51

0.69

200.87

159.11

200.87

159.11

0.54

0.34

35.85

6.46

132.16

118.28

31.70

32.03

Alr SriL u mukl


Ms
Axir
pUir Ueu oM M mx lMS
u zw

Deposits
Borrowings
Other Liabilities and
Provisions
TOTAL
Assets

0.54

0.34

Cash & Balance with RBI

35.85

6.46

Balance with Banks & Money


at Call and Short Notice

luz

132.16

118.28

Aaq

31.70

32.03

Acs Axir

0.23

0.25

Fixed Assets

0.23

0.25

Alr Axir

0.39

1.75

Other Assets

0.39

1.75

200.87

159.11

200.87

159.11

zlr

0.45

Nil

0.45

oM q zw ij qa mU
Asmxcl mU kl

Ms
AMxqM SriL

Investments
Advances

TOTAL
Contingent Liabilities

244

Z. sp AU Wl Zi
uuUh
Ar
Aei ore
Alr Ar
Ms
urr
urr Mr ar ore
mUcsl urr

B. Profit & Loss Account:


2012-13

(` MUQ q)
2011-12

12.91
3.49
16.40

10.63
0.65
11.28

2.15
3.27

1.38
2.70

mukl AU AMxqM urr

2.04

0.34

Ms
sp

7.46
8.94

4.42
6.86

1.4. uw M SUl mkl U lqlsZi Alwar q AiU me


sar ar:(` MUQ q)
Alwa M lq

Uz

MlU Lc Lx o x BULOs oM BT Mqx


eul oq Mml sqOQ

76.50

MlU UoM Axi mokl Mml sqOQ

15.17

2. Alwar u xr Eq mcsi xi u mi M
AlxU sZMl lir M AlxUh MU UW W e xoki
MUoU AuzrMiA M MUh qs oM x MN qqs
q Asa W | mokl M Ur W M CxM mpu qWiumh
lW W ex xqMi ur uuUh q xqrei MUl M
AuzrMi lW W |
3. up Alwar M AkaWh x mmi me AUi lkr
/ (xZ) M Asa uuUh lqllxU W:
(` MUQ q)
Alwa M lq
MloM TYOx sqOQ
MloM MmrOU
xuxe s.
lus me AUi lkr

Particulars
Income
Interest Earned
Other Income
TOTAL
Expenditure
Interest Expended
Operating Expenses
Provision and
Contingencies
TOTAL
PROFIT

2012-13

(` in Crore)
2011-12

12.91
3.49
16.40

10.63
0.65
11.28

2.15
3.27

1.38
2.70

2.04

0.34

7.46
8.94

4.42
6.86

1.4. During the year, the Parent has infused additional


capital in the following Subsidiaries:(` in Crore)
Name of Subsidiary
Amount
Canara HSBC Oriental Bank of Commerce
76.50
Life Insurance Company Ltd.
Canara Robecco Asset Management
15.17
Company Ltd.
2. The Subsidiaries, Associates and Joint Venture are
following Accounting Policies consistently as per
the prevalent law and practice, which are different
from Parent in a few cases because of respective
industry/business requirements. In the opinion of
the management, as the impact of the same is not
material, no adjustment is required in Consolidated
Financial Statements.
3. The breakup of Capital Reserve / (Goodwill) arising on
the acquisition of various Subsidiaries is as under:
(` in Crore)

31.03.2013

31.03.2012

Name of the Subsidiary

31.03.2013

31.03.2012

1.52

1.52

1.52

1.52

0.24

0.24

0.24

0.24

1.76

1.76

Canbank Factors Limited


Canbank Computer
Services Ltd.
Net Capital Reserve

1.76

1.76

4. AiU zZ slSl AU sZ
Z zw M mMUh:
31.03.2013 iM AiU zZ slSl M Akl xqkl M
Ezr x qs oM M mkl Mrsr q mmi mur M
mUpM qsl Mr ar W| ijm, qs oM l zw oMr
mur M xqkl, lMx AU ElW Mq MUl Wi Aml
mrx M eU UZ W |

245

4. Inter Branch transactions and confirmation of


balances:
The initial matching of entries received at the Head
Office of Parent for the purpose of reconciliation
under Inter-Branch transactions upto 31.03.2013 has
been done. However, Parent is continuing its efforts
to reconcile and reduce the remaining outstanding
entries.

MN Alwar M xok q TOMU slSU, TOMU


SlSU, Gh AU Aaq AS M zw M mMUh Mr
el W |
5. xjU Axir
mUxU q qs oM M `223.27 MUQ (mNs uw
`215.70 MUQ) qs sai r MN xmr p zqs
W exM xok q WxiiUh msZ lwmSl M sL
soi W |
qs oM M MN xm M mlqsrMi Uz mU lkUi
Mr ar W| mlqsrMl M xMs Uz `2310.91MUQ
(mNs uw `2310.91MUQ) ij mlqsrMl Uz
q lus x `2033.25 MUQ (mNs uw `2065.14
MUQ) W |
6. MloM TClzLs xuxe sqOQ (MlTl):
pUir Ueu oM M lSz M Almsl q MlTl mh
xuqiu us Alwa exM lus Mqi Zc W aD W
uW Mx p Alr aU oMa url Mml q lW sa
W| Aa, pUir Ueu oM l MlTl M xp ur
Axir M lmOl M sL AU aU oMa aU url
xxjl q mUuii MUl M sL xqr M 31.01.2015
iM oR Sr W| ijm, 31.01.2015 iM Alqi M aD
uxiUh M krl q UZMU MlTl M u M xqMl
rzs CMD M m q Mr ar W|
7. MqcU sp:
mUm x. QoAQ.om.ox.80/21.04.018/2010-11
SlM 09.02.2011 q pUir Ueu oM U eU ML
aL SzlSz M qioM oM U El qeS MqcUr,
elWl mWs mzl uMsm lW cl j, ElM sL
2010-11 M SUl mzl uMsm SoU Zsl M MUh
`1482.86 MUQ M AmUzki Sri (31 qc 2011 x
AUp WMU 5 uw x mUzki) M sL 31.03.2013 M
xqmi uw M SUl oM l `370.72 MUQ sp Wl sZ
q lq Mr W | `741.43 MUQ M zw Uz M lmOl
pUir Ueu oM M SzlSz M AlxU Mr eLa|

In some of the Subsidiaries, balances in Sundry


Creditors, Sundry Debtors, Loans and Advances etc.
are subject to confirmation.
5. Fixed Assets:
Premises include certain properties of the Parent
having original cost of `223.27 Crore (previous
year: `215.70 Crore) in respect of which the
conveyance deeds are pending execution.
Certain properties of the Group are stated at
revalued amounts. The gross amount of revaluation
is `2310.91 Crore (Previous year `2310.91 Crore) and
net of depreciation is `2033.25 Crore (Previous year
` 2065.14 Crore).
6. Canbank Financial Services Limited (CANFINA):
Pursuant to the directions of the Reserve Bank of
India, Canbank Financial Services Ltd. (CANFINA), a
wholly owned Subsidiary whose net worth is totally
eroded is not engaged in any of the activities of a
Non Banking Financial Company. Further, as per
the extension permitted by Reserve Bank of India,
CANFINA has either to dispose off all its financial
assets and to convert into Non Banking Non
Financial Company or to wind up prior to 31.01.2015.
However, considering the extension permitted upto
31.01.2015 for conversion as Non Banking Non
Financial Company, the financials of CANFINA have
been consolidated on going concern basis.
7. Employee Benefits:
In accordance with the guidelines issued by
Reserve Bank of India vide their Circular No.DBOD.
BP.BC.80/21.04.018/2010-11 dated 09.02.2011, the
Parent has debited Profit & Loss Account a sum of
`370.72 Crore during the year ended 31.03.2013 on
proportionate basis towards unamortized liability
of `1482.86 Crore (being amortized over 5 years
beginning from 31st March, 2011) on account of
reopening of pension option during 2010-11 for
existing employees who had not opted for pension
earlier. The balance amount of `741.43 Crore will be
dealt as per guidelines of RBI.
The Parent has debited Profit & Loss Account a sum
of `135.91 Crore during the year ended 31.03.2013
on proportionate basis towards unamortized liability
of `543.62 Crore (being amortized over 5 years
beginning from 31st March, 2011) on account of
enhancement of gratuity limit. The balance amount

AliwM xq q oRU M MUh uw 31.03.2013 M


xqmi uw M SUl oM l `543.62 MUQ M AmUzki
Sri (31 qc 2011x AUp WMU 5 uw x mUzki)
M sL `135.91 MUQ M Uz sp u Wl Zi q lq

246

M W| `271.81 MUQ M zw Uz M lmOl pUir


Ueu oM M SzlSz M AlxU Mr eLa|
8

of `271.81 Crore will be dealt as per guidelines


of RBI.
8. Related Party Disclosures:

xo mO M mMOl:

8.1 xo mOr M xc AU oM M xj ElM xok-qs MlU oM

8.1 Names of Related parties and their relationship with


the Parent Canara Bank

8.1.1 qWiumh mokl MqM -

8.1.1 Key Management Personnel


i) Shri R K Dubey, Chairman & Managing Director
(from 11.01.2013)
ii) Shri S Raman, Chairman & Managing Director
(till 30.09.2012)
iii) Smt. Archana S Bhargava, Executive Director
iv) Shri. Ashok Kumar Gupta, Executive Director

i)

Ueu MzU So, Akr u mok lSzM (11.01.2013


x)

ii) Lx Uql, Akr u mok lSzM (30.09.2012 iM)


iii) qi Acl Lx pau, MrmsM lSzM
iv) AzM MqU ami, MrmsM lSzM
8.1.2 qsi)

8.1.2 Parent i) Canara Bank

MlU oM

8.1.3 Alwari) MloM ucU MmOs ThQ sqOQ


ii) MloM TClzLs xuxe sqOQ
iii) MlU oM xYrUOe sqOQ (mWs asO xYrUOe
OQa MmUzl sqOQ)
iv) MloM TYOx sqOQ
v) MloM MmrOU xuxe sqOQ
vi) MlU UoM Axii mokl Mml sqOQ
vii) MlU LcLxox BULhOs oM BT Mqx eul
oq Mml sqOQ
8.1.4 xr Eq
i) Mqzrs oM BT CQr Ls Ls x, qxM
8.1.5 xWo xxjL
i)

MlTl Wqx sqOQ

ii) Mqlusj OxO (CQr) sqOQ


iii) oM U mrei r aqh oM
M) mai aqh oM
Z) xFj qsoU aqh oM
a) rx aqh oM*
(*pUi xUMU M Akxcl xZr LT.x.7/9/2011AUAUo (rm-1) SlM 01.04.2013 M AlxU SlM
01.04.2013 x MlU oM U mrei rx aqh
oM ij oM BT CQr U mrei Arui r
aqh oM M usr MUM oM BT CQr M mrel
q aqh oM BT Arui Mr ar | )
8.1.6 qZr mokl MqM M xuruWU M mMOMUh
lqlui W:
qZr mokl MqM M mUqM: `47,48,665/(mNs uw: `58,92,007/-)

247

8.1.3 Subsidiaries
i) Canbank Venture Capital Fund Ltd.
ii) Canbank Financial Services Ltd.
iii) Canara Bank Securities Ltd. (formerly GILT
Securities Trading Corporation Ltd)
iv) Canbank Factors Ltd.
v) Canbank Computer Services Ltd.
vi) Canara Robeco Asset Management Company Ltd.
vii) Canara HSBC Oriental Bank of Commerce Life
Insurance Company Ltd.
8.1.4 Joint Venture i) Commercial Bank of India LLC., Moscow
8.1.5 Associates
i) Canfin Homes Ltd.
ii) Commonwealth Trust (India) Ltd.
iii) Regional Rural Banks sponsored by the Bank
a) Pragati Gramin Bank
b) South Malabar Gramin Bank
c) Shreyas Gramin Bank*
(*Shreyas Gramin Bank sponsored by Canara
bank and Aryavart Kshethriya Gramin Bank
sponsored by Bank of India were amalgamated as
new bank Gramin Bank of Aryavart sponsored
by Bank Of India, with effect from 01.04.2013
as per Government of India Notification No.
F.No.7/9/2011-RRB (UP-1) dated 01.04.2013)
8.1.6 Disclosure about transactions with Key
Management Personnel is as under:
Remuneration to Key Management Personnel:
`47,48,665/- (Previous Year: `58,92,007/-)

8.1.7 Alwar, xWo xxjA ij xr Eq M xj sl


Sl lqlui W:
(` MUQ q)

8.1.7 Transactions with Subsidiaries, Associates and


Joint Venture are as under:
(` in Crore)

uuUh

Particulars

EkUuw M Ai iM oMr
uw M SUl xukM oMr
equw M Ai iM oMr
uw M SUl xukM oMr
eq M lreluw M Ai iM oMr
uw M SUl xukM oMr
Aaquw M Ai iM oMr
uw M SUl xukM oMr
luzuw M Ai iM oMr
uw M SUl xukM oMr
cs Zi q zw
uw M Ai iM oMr
uw M SUl xukM oMr
Alr mmr rj uwi M oMr
uw M SUl xukM oMr
AiU oM mipai mqhm - eU
ML aLrj uwi M oMr
uw M SUl xukM oMr
AiU oM mipai mqhmmipai ML aLrj uwi M oMr
uw M SUl xukM oMr
Mqzl mmr rj uwi M oMr
uw M SUl xukM oMr

Alwar

xWo
xxjA AU
xr Eq

zlr
(zlr)
zlr
(zlr)

70.90
(32.70)
73.20
(32.70)

164.94
(164.90)
175.21
(199.21)

968.81
(1840.30)
1059.57
(1921.15)

zlr
(zlr)
zlr
(zlr)

118.07
(zlr)
118.07
(zlr)

423.46
(688.38)
698.77
(784.98)

1595.99
(2098.68)
2044.66
(2133.68)

609.80
(518.13)
609.80
(518.13)

99.75
(102.57)
99.75
(102.57)

10.14
(zlr)
10.14
(zlr)

150.32
(zlr)
168.38
(zlr)

0.05
(zlr)
0.05
(zlr)

zlr
(zlr)
zlr
(zlr)

zlr
(zlr)
zlr
(zlr)

1950.00
(zlr)
1950.00
(zlr)

zlr
(zlr)
zlr
(zlr)

1950.00
(zlr)
1950.00
(zlr)

3.18
(zlr)
3.18
(zlr)

zlr
(zlr)
zlr
(zlr)

Borrowings Outstanding as at the year end


Maximum outstanding during
the year
DepositsOutstanding as at the year end
Maximum outstanding during
the year
Placement of Deposits
Outstanding as at the year end
Maximum outstanding during
the year
AdvancesOutstanding as at the year end
Maximum outstanding during
the year
InvestmentsOutstanding as at the year end
Maximum outstanding during
the year
Balance in current account
Outstanding as at the year end
Maximum outstanding during
the year
Other receivablesOutstanding as at the year end
Maximum outstanding during
the year
Inter Bank Participation
Certificate Issued
Outstanding as at the year end
Maximum outstanding during
the year
Inter Bank Participation
Certificate Participated
Outstanding as at the year end
Maximum outstanding during
the year
Commission ReceivableOutstanding as at the year end
Maximum outstanding during
the year

248

Subsidiaries

Associates
& Joint
Venture

NIL
(NIL)
NIL
(NIL)

70.90
(32.70)
73.20
(32.70)

164.94
968.81
(164.90) (1840.30)
175.21
1059.57
(199.21) (1921.15)
NIL
(NIL)
NIL
(NIL)

118.07
(NIL)
118.07
(NIL)

423.46
1595.99
(688.38) (2098.68)
698.77
2044.66
(784.98) (2133.68)
609.80
(518.13)
609.80
(518.13)

99.75
(102.57)
99.75
(102.57)

10.14
(NIL)
10.14
(NIL)

150.32
(NIL)
168.38
(NIL)

0.05
(NIL)
0.05
(NIL)

NIL
(NIL)
NIL
(NIL)

NIL
(NIL)
NIL
(NIL)

1950.00
(NIL)
1950.00
(NIL)

NIL
(NIL)
NIL
(NIL)

1950.00
(NIL)
1950.00
(NIL)

3.18
(NIL)
3.18
(NIL)

NIL
(NIL)
NIL
(NIL)

aU lkai mioirj uwi M oMr


uw M SUl xukM oMr
Alr Srrj uwi M oMr
uw M SUl xukM oMr
mSU / MUr ZUS Emp /
Emsokrj uwi M oMr

zlr
(zlr)
zlr
(zlr)

zlr
(zlr)
zlr
(zlr)

0.04
(zlr)
0.55
(zlr)

zlr
(zlr)
zlr
(zlr)

Non Funded CommitmentsOutstanding as at the year end

NIL
(NIL)
NIL
(NIL)

NIL
(NIL)
NIL
(NIL)

0.04
(NIL)
0.55
(NIL)

NIL
(NIL)
NIL
(NIL)

NIL
(NIL)
NIL
(NIL)

NIL
(NIL)
NIL
(NIL)

Purchase of Fixed Assets

NIL
(NIL)

NIL
(NIL)

Sale of Fixed Assets

NIL
(NIL)

NIL
(NIL)

Maximum outstanding during


the year
Other payable
Outstanding as at the year end
Maximum outstanding during
the year
Leasing / HP Arrangement
availed / providedOutstanding as at the year end

zlr
(zlr)
zlr
(zlr)
zlr
(zlr)
zlr
(zlr)

zlr
(zlr)
zlr
(zlr)
zlr
(zlr)
zlr
(zlr)

S ore

12.49
(10.64)

159.77
(201.77)

Interest paid

12.49
(10.64)

159.77
(201.77)

mmi ore

44.24
(63.63)

191.03
(262.58)

Interest received

44.24
(63.63)

191.03
(262.58)

mmi spz

8.24
(6.24)
20.00
(zlr)
30.00
(zlr)
50.68
(zlr)
37.74
(28.84)
21.58
(37.53)
zlr
(zlr)

zlr
(zlr)
zlr
(zlr)
zlr
(zlr)
zlr
(zlr)
2.38
(0.82)
zlr
(0.01)
zlr
(zlr)

Dividend received

8.24
(6.24)

NIL
(NIL)

Repayment of Fixed Deposits/


Certificate of deposits

20.00
(NIL)

NIL
(NIL)

Acceptance of Fixed Deposits/


Certificate of deposits

30.00
(NIL)

NIL
(NIL)

Premium Paid

50.68
(NIL)

NIL
(NIL)

Rendering of Service

37.74
(28.84)

2.38
(0.82)

Receiving for Services

21.58
(37.53)

NIL
(0.01)

NIL
(NIL)

NIL
(NIL)

uw M SUl xukM oMr


xjU Axir M r
xjU Axir M ur

qrS eqA / eq mqhm M


cMi
qrS eqA / eq mqhm M
xuMi
mS mqrq
xu Emsok MUl
xuA M sL mS
mokl xuSL

Maximum outstanding during


the year

Management Contracts

(mokl U xMsi u mqhMi AU sZ mUM U Ausoi


M AlxU)

(As complied and certified by the Management and relied


upon by the Auditors.)

MM q SL ar AMQ mNs uw x xoki W

Figures in brackets relate to previous year.

SlM 27.12.2012 x xZ uzswh u Alxkl (MrU) sqOQ


M xWpai M oS Mr ar W, exq oM M zrU kUi
22.81% j | Ai: SlM 31 qc, 2013 M xqmi uw M sL
MrU sqOQ M xj WD xuruWU M Emr mMOl q zqs
lW Mr ar W |

Credit Analysis and Research Ltd (CARE) in which bank


was holding 22.81% share ceased to be an Associate with
effect from 27.12.2012. Consequently the transactions
with CARE are not included in the above disclosure for
the year ended 31st March, 2013.

249

9. mi zrU Ael :

9. Earnings Per Share:

9.1 mi zrU qs u ilMi Ael

9.1 Basic and Diluted Earnings Per Share:

uuUh
qs AU ilMi D m Lx (`)

2012-2013 2011-2012
67.04

75.43

9.2 mi zrU Ael M mUMsl:


uuUh
M

67.04

Basic and Diluted EPS (`)

2012-2013 2011-2012
2970 MUQ

3342 MUQ

DYuO zrU M
pUi Axi
xZr

44.30 MUQ

44.30 MUQ

rj 31 qc, 2013
M oMr zrU
M xZr

44.30 MUQ

44.30 MUQ

mi zrU qs u
ilMi Ael
(M/Z) (`)

67.04

75.43

mi zrU lqq
qsr (`)

10/-

10/-

2012-2013 2011-2012
75.43

9.2 Computation of EPS:

DYuO zrUkUM M
MUh uw M sL lus
sp (`)

Particulars

Particulars

2012-2013 2011-2012

Net Profit for the year


attributable to Equity
Shareholders (`)

2970 Crore 3342 Crore

Weighted Average
Number of Equity
Shares

44.30 Crore 44.30 Crore

No. of Shares
outstanding as on 31st 44.30 Crore 44.30 Crore
March 2013

Basic and Diluted


Earnings per Share
(A/B) (`)

67.04

75.43

Nominal Value per


Share (`)

10/-

10/-

10. Axjai MU Axir ij SriL:


rj 31.03.2013 M lus Axjai MU Sri `310.36 MUQ j (rj 31.03.2012 M `251.08 MUQ)| Axjai MU Axir
u Axjai MU Sri M mqZ bOM lqllxU W:
(` MUQ q)
Axjai MU Axir

uuUh

Axjai MU Sri

31.03.2013 31.03.2012 31.03.2013 31.03.2012

Emci ore mUi mipir mU Sr lW


N lMSMUh / EmSl
Acs Axir mU qsrx
LTQAU mU ore M mukl
Alr
Axjai MU Axir / SriL

250

zlr

zlr

656.53

562.07

277.53

270.21

zlr

0.02

54.32

36.97

0.74

1.19

zlr

zlr

zlr

zlr

17.12

13.06

2.06

8.04

348.97

320.24

659.33

571.32

10. Deferred Tax Assets and Liabilities:


Net Deferred Tax Liability computed as on 31.03.2013 amounted to `310.36 Crore (`251.08 Crore as on 31.03.2012).
The components of Deferred Tax Assets and Deferred Tax Liabilities are as under:(` in Crore)
Deferred Tax Assets

Deferred Tax Liability

Particulars
31.03.2013 31.03.2012 31.03.2013 31.03.2012
Interest accrued but not due on securities

NIL

NIL

656.53

562.07

Leave Encashment / Gratuity

277.53

270.21

NIL

0.02

Depreciation on Fixed Assets

54.32

36.97

0.74

1.19

Provision for Interest on FDR

NIL

NIL

NIL

NIL

17.12

13.06

2.06

8.04

348.97

320.24

659.33

571.32

Others
Deferred Tax Asset / Liability

11. uw M SUl olD aD mukl u AMxqMiA M orU

(` MUQ q)

uuUh

31.03.2013 31.03.2012

luz u Ll m AD q qsrx M sL mukl

(371.31)

153.87

Ll m L M mi mukl

1871.12

1309.03

qlM Axir M mi mukl

255.61

171.23

MU M sL mukl (lus Axjai MU)

819.56

818.94

Alr mukl u AMxqMiL- lus

472.62

241.46

3047.60

2694.53

Ms

11. Details of Provisions and Contingencies made during the year:


(` in Crore)
Particulars

31.03.2013 31.03.2012

Provision for Depreciation on Investment and NPI

(371.31)

153.87

Provision towards NPA

1871.12

1309.03

Provision towards Standard Asset

255.61

171.23

Provision for Tax (Net of Deferred Tax)

819.56

818.94

Other Provision and Contingencies Net

472.62

241.46

3047.60

2694.53

TOTAL

251

12. xqMi ZhQ UmOa


pa- M - MUoU ZhQ
uuUh

(` MUQ q)
xqmi uw
31.03.2013 31.03.2012

ZhQ Uexu
UeMwr mUcsl
10294.45
ZSU oMa mUcsl
9463.97
jM oMa mUcsl
17223.41
Alr oMa mUcsl
0.00
aU AoOi
395.69
Ms
37377.52
II ZhQ mUhq
M UeMwr mUcsl
1115.81
Z ZSU oMa mUcsl
1864.14
a jM oMa mUcsl
2705.43
b Alr oMa mUcsl
0.00
X aU AoOi
0.00
Ms
5685.38
aU AoOi Ar /
III
314.04
(urr)
5999.42
IV mUcsl sp
V mukl AU AMxqMiL
2228.03
VI Ar MU
819.56
VII AxkUh qS
0.00
2951.83
VIII uw M sL lus sp
eQ: xWoSk xxjA q Ael
IX
42.94
M Wxx
bOL: AsmxZrM Wi (lus
X
25.06
Wl)
xqW M MUh uw M sL xqMi
XI
2969.71
sp
Alr xcl
XII ZhQ Axir*
M UeMwr mUcsl
150904.28
Z ZSU oMa mUcsl
78711.04
a jM oMa mUcsl
171294.18
b Alr oMa mUcsl
0.00
X aU AoOi Axir
16381.53
Ms
417291.03
XIII ZhQ SriL
M UeMwr mUcsl
28855.45
Z ZSU oMa mUcsl
156299.98
a jM oMa mUcsl
180253.80
b Alr oMa mUcsl
0.00
X aU AoOi SriL
28738.61
c me AU AUi lkr*
23143.19
Ms
417291.03
(*mlqsrMl AUi lkr M NQMU)
I
M
Z
a
b
X

12. Consolidated Segment Reporting


Part A-Business Segment

7826.50
8338.57
17272.11
0.00
482.97
33920.15
572.72
2031.47
3036.11
0.00
0.00
5640.30
301.50
5941.80
1875.59
818.94
0.00
3247.27
58.85
(35.57)
3341.69

119619.18
68458.60
177113.82
0.00
11826.57
377018.17
42572.21
139940.75
149166.13
0.00
24360.82
20978.26
377018.17

PARTICULARS

(` in Crore)
Year ended

31.03.2013
Segment Revenue
Treasury Operations
10294.45
Retail Banking Operations
9463.97
Wholesale Banking Operations 17223.41
Other Banking Operations
0.00
Unallocated
395.69
Total
37377.52
II Segment Results
a Treasury Operations
1115.81
b Retail Banking Operations
1864.14
c Wholesale Banking Operations
2705.43
d Other Banking Operations
0.00
e Unallocated
0.00
Total
5685.38
Unallocated Income/
314.04
III
(Expenses)
IV Operating Profit
5999.42
V Provisions and Contingencies
2228.03
VI Income Tax
819.56
VII Extraordinary Items
0.00
VIII Net Profit for the Year
2951.83
Add:-Share of Earnings in
42.94
IX
Associates
Less:-Minority Interest
25.06
X
(Net Loss)
Consolidated Profit for the Year
XI
2969.71
attributable to the Group
Other Information
XII Segment Assets*
a Treasury Operations
150904.28
b Retail Banking Operations
78711.04
c Wholesale Banking Operations 171294.18
d Other Banking Operations
0.00
e Unallocated Assets
16381.53
Total
417291.03
XIII Segment Liabilities
a Treasury Operations
28855.45
156299.98
b Retail Banking Operations
c Wholesale Banking Operations 180253.80
d Other Banking Operations
0.00
e Unallocated Liabilities
28738.61
f Capital and Reserves*
23143.19
Total
417291.03
I
a
b
c
d
e

(* Excluding Revaluation Reserve)

252

31.03.2012
7826.50
8338.57
17272.11
0.00
482.97
33920.15
572.72
2031.47
3036.11
0.00
0.00
5640.30
301.50
5941.80
1875.59
818.94
0.00
3247.27
58.85
(35.57)
3341.69

119619.18
68458.60
177113.82
0.00
11826.57
377018.17
42572.21
139940.75
149166.13
0.00
24360.82
20978.26
377018.17

pa- Z pasM ZhQ


uuUh

Part B Geographical Segment:


xqmi uw

Year ended
Particulars

31.03.2013 31.03.2012

M bUs mUcsl
Uexu
Axir

a Domestic Operations
36775.65

33394.96

393092.93 359252.19

Z AiUr mUcsl
Uexu
Axir

Axir*

Revenue
Assets

36775.65

33394.96

393092.93 359252.19

b International Operations
601.87

525.19

24198.10

17765.98

a Ms
Uexu

31.03.2013 31.03.2012

Revenue
Assets

601.87

525.19

24198.10

17765.98

37377.52

33920.15

c Total
37377.52

33920.15

417291.03 377018.17

(* mlqsrMl AUi lkr M NQMU)

Revenue
Assets*

417291.03 377018.17

(* Excluding Revaluation Reserve)

13. Alwar, xr Eq AU xWo xxjA M xci sp /


Wl q qs xxj M Wxx AMl M oS xqW M xqMi
AUi lkr `24733.43 MUQ W elq x `24434.79
MUQ qs xxj M W AU Alwar, xr Eq u xWo
xxjA M `298.64 MUQ W | (mNs uw `22600.40
MUQ exq x `22246.95 MUQ qs xxj M ij zw
`353.45 MUQ Alwar xr Eq u xWo xxjA
M j)
14. qs xxj AU Alwar M mirM ur uuUh q mMOi
AiU xukM xcl M xqMi ur uuUh M
x Lu lwm Ur mU MD mpu lW W AU pUir
xlS sZMU xxjl (AD x L AD) U eU ML aL
xqlr xmMUh M S q UZi WL El qS M xcl
M, e qWiumh lW W, xqMi ur uuUh q mMOi
lW Mr W |
15. sZMl qlM 28- Axir M Wl:
mokl M ucUlxU, pUir xlSr sZMU xxjl U
eU M aD sZMl qlM (LLx) 28 M AlxU rj
31.03.2013 M uxiuM AkU mU qlri M AuzrMir
xjU Axir M MD Wl lW WD W |

253

13. The consolidated Reserves of the Group after


reckoning Parents share of accumulated profit / loss
of Subsidiaries, Associates and Joint Venture amount
to `24733.43 Crore of which `24434.79 Crore relate
to the Parent and the balance `298.64 Crore relates
to the Subsidiaries, Associates and Joint Venture
(Previous year `22600.40 Crore of which `22246.95
Crore relate to the Parent and the balance `353.45
Crore relates to the Subsidiaries, Associates and
Joint Venture).
14. Additional statutory information disclosed in
individual financial statements of the Parent and
Subsidiaries having no bearing on the true and fair
view of the Consolidated Financial Statements and
also the information pertaining to the items which
are not material have not been disclosed in the
Consolidated Financial Statements in view of the
general clarification issued by the ICAI.
15. Accounting Standard 28 - Impairment of Assets:
In the opinion of the Management, there is no
impairment of its Fixed Assets as at 31.03.2013
requiring recognition in terms of Accounting
Standard (AS) 28 issued by the Institute of Chartered
Accountants of India.

16. eW MW AuzrM xqf ar W, mNs uw M AMQ M


mlxqWi / ml: uruxji Mr ar W |

16. Previous Years figures have been regrouped/


rearranged, wherever considered necessary.

u xMqU
qQs mokM

Ll xuzMUl
Em qW mokM

M qhq
qW mokM

u Lx Mwh MqU
MrmsM lSzM

AzM MqU ami


MrmsM lSzM

Ueu MzU So
Akr u mok lSzM

xk Mwhl
lSzM

ql WqcS
lSzM

e u xozu Uu
lSzM

e u qhqUl
lSzM

ZsS sMql osaq


lSzM

xil xlW
lSzM

m u qrr
lSzM

xls ami
lSzM

xqxZrM ij M WqU UmO M AlxU


Mi
Lc M ckU LhQ M
xlS sZMU

Mi
uMOcsq ArrU LhQ M
xlS sZMU

Mi
Lx m c
cmQ LhQ M
xlS sZMU

Mi
sMU LhQ M
xlS sZMU

Mi
m cmQ LhQ M
xlS sZMU

Mi
L AU Sx LhQ LxxLOx
xlS sZMU

u SuUel
xfSU

mul M ami
xfSU

Lx x sMU
xfSU

UMz el
xfSU

xuhlS ckU
xfSU

CSUei xl
xfSU
lD Sss
29 qD, 2013

V SUKUMAR
Divisional Manager

N SIVASANKARAN
Deputy General Manager

K MANICKAM
General Manager

V S KRISHNAKUMAR
Executive Director

ASHOK KUMAR GUPTA


Executive Director

R K DUBEY
Chairman & Managing Director

SUDHA KRISHNAN
Director

MEENA HEMCHANDRA
Director

G V SAMBASIVA RAO
Director

G V MANIMARAN
Director

KHALID LUQMAN BILGRAMI


Director

For H K CHAUDHRY & Co.


Chartered Accountants

For K VENKATACHALAM AIYER & Co.


Chartered Accountants

INDERJIT SONI
Partner

V DEVARAJAN
Partner

SUTANU SINHA
Director

P V MAIYA
Director

AS PER OUR REPORT OF EVEN DATE


For S P CHOPRA & Co.
For LOONKER & Co.
Chartered Accountants
Chartered Accountants
PAWAN K GUPTA
Partner

S C LOONKER
Partner

New Delhi
May 29, 2013

254

SUNIL GUPTA
Director

For P CHOPRA & Co.


Chartered Accountants

For A R DAS & ASSOCIATES


Chartered Accountants

RAKESH JAIN
Partner

SWARNENDU CHAUDHURY
Partner

rr 31 qc 2013 M xqmi uw M sL xqMi lMS muW uuUh


CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2013
(` MUQ q/` in Crore)
31.03.2013
31.03.2012
mUcsl aiukr x lMS muW / Cash Flow from Operating activities
MU M oS lus sp / Net profit after Tax
M sL xqrel / Adjustments for:
MU M sL mukl / Provision for Tax
luz mU qsrx M sL mukl / Provision for Depreciation on Investments
AleM Axir M sL mukl / Provision for Non Performing Advances
qlM Axir M sL mukl / Provision for Standard Assets
AMxqMiL u Alr M sL mukl / Provisions for Contingencies and Others
Acs Axir mU qsrx / Depreciation on Fixed Assets
luz M mlqsrMl mU Wl / Loss on revaluation of Investments

2969 70 66

3341 69 59

819 55 74
(576 31 74)
1871 11 57
255 60 81
472 63 04
191 44 41
15 05 85
730 56 11
(681 87 89)
(4 91 52)
6062 57 04

818 94 39
60 50 50
1309 03 55
171 21 78
241 46 34
159 15 87
22 15 50
737 64 06
(323 70 87)
(95 11)
6537 15 60

28790 59 44
4484 25 46
(20073 42 16)
(9707 01 85)
(1844 83 58)
1351 22 75
70 67 63

33636 13 47
1569 42 00
(19805 40 74)
(22589 27 16)
(396 34 36)
1895 68 41
12 32 01

(A)

9134 04 73
1123 69 48
8010 35 25

859 69 23
1584 18 07
(724 48 84)

luzM aiukr x lMS muW / Cash Flow from Investing activities


xWo xxjA q luz q (u) / Mq / (Increase)/ Decrease in Investments in Associates
Acs Axir q (u) / Mq / (Increase)/ Decrease in Fixed Assets
Alr AUi lkr q (u) / Mq / (Increase)/ Decrease in Other Reserve
luzM aiukr x xei lMS (Z) / Cash generated from Investing activities
(B)

(91 67 25)
(214 45 49)
(149 73 19)
(455 85 93)

(44 12 19)
(195 96 10)
(68 29 29)
(308 37 58)

--256 41 12
(730 56 11)
(568 64 34)
(1042 79 33)

--(250 00 00)
(737 64 06)
(568 55 28)
(1556 19 34)

20 77 41
20 77 41

64 14 01
64 14 01

6532 47 40

(2524 91 75)

OrU I u OrU II oQ mU ore / Interest on Tier I and Tier II bonds


Acs Axir M o mU sp / Wl / Profit / loss on sale of Investments
luz M o mU sp / Wl / Profit / loss on sale of Fixed Assets
Em Ms / Sub total
M sL xqrel / Adjustments for:
eqA q u / (Mq) / Increase/ (Decrease) in Deposits
EkU q u / (Mq) / Increase/ (Decrease) in Borrowings
luz q (u) / Mq / (Increase) / Decrease in Investments
Aaq q (u) / Mq / (Increase) / Decrease in Advances
Alr Axir q (u) / Mq / (Increase) / Decrease in Other assets
Alr SriA u mukl q u / (Mq) / Increase / (Decrease) in Other liabilities and provisions
AsmxZrM Wi q u / (Mq)/ Increase / (Decrease) in Minority Interest
MUkl M mu mUcsliqM aiukr x lMS muW /

Cash Flow from Operating Activity before taxation


bOr: mS Aaq MU / Less: AdvanceTax paid
mUcsl aiukr x xei lMS (M) / Cash generated from Operating Activities

ur aiukr x lMS muW / Cash Flow from Financing activities


zrU me / Share Capital
zrU mqrq / Share Premium
Aklxj oQ q u / (Mq) / Increase/(Decrease) in Subordinated Bonds
OrU I u OrU II oQ mU ore pail / Payment of interest on Tier I and Tier II bonds
iSmvci mS MU xWi mS spz / Dividends Paid including Tax Paid thereon
ur aiukr x xei lMS (a) / Cash generated from Financing activities
(C)
ulqr EiU cRu M MUh lMS muW / Cash Flow on account of Exchange Fluctuation
uSz qS EiU cRu M AUi lk / Reserves of Foreign Currency Fluctuation
ulqr EiU cRu x xei lMS (b) / Cash generated on account of Exchange Fluctuation
(D)
lMS AU lMS xqisr (M+Z+a+b) q lus u / (Mq) /

Net Increase/ (Decrease) in cash and cash equivalents (A+B+C+D)

255

Aj lMS u lMS xqisr / Opening Cash and Cash equivalents

28246 73 74

30771 65 49

Ci lMS u lMS xqisr / Closing Cash and Cash Equivalents

34779 21 14

28246 73 74

lO / Notes:
1. lMS muW uuUh Amir mhs M iWi irU Mr ar W ij AuvrMilxU AMQ M mlxqWi Mr ar W| / The
Cash Flow Statement has been prepared under the Indirect Method and figures has been regrouped wherever
necessary.
2. lMS u lMS xqisr q qeS lMS, pUir Ueu oM u Alr oM q zw AU qa AU Asm lOx mU kl / Cash and Cash
equivalents includes Cash on hand, Balance with RBI & Other Banks and Money at Call and Short Notice
lMS u lMS xqisr M bOM / Components of Cash & Cash Equivalents

31.03.2013

31.03.2012

pUir Ueu oM M xj lMS u zw / Cash & Balance with RBI

15414 98 97

17813 01 73

Asm lOx u qa mU u oM M xj zw
Balances with Banks and Money at Call and Short Notice

19364 22 17

10433 72 01

Ms / Total

34779 21 14

28246 73 74

u xMqU
qQs mokM

Ll xuzMUl
Em qW mokM

M qhq
qW mokM

u Lx Mwh MqU
MrmsM lSzM

AzM MqU ami


MrmsM lSzM

Ueu MzU So
Akr u mok lSzM

xk Mwhl
lSzM

ql WqcS
lSzM

e u xozu Uu
lSzM

e u qhqUl
lSzM

ZsS sMql osaq


lSzM

xil xlW
lSzM

m u qrr
lSzM

xls ami
lSzM

xqxZrM ij M WqU UmO M AlxU


Mi
Lc M ckU LhQ M
xlS sZMU

Mi
uMOcsq ArrU LhQ M
xlS sZMU

Mi
Lx m c
cmQ LhQ M
xlS sZMU

Mi
sMU LhQ M
xlS sZMU

Mi
m cmQ LhQ M
xlS sZMU

Mi
L AU Sx LhQ LxxLOx
xlS sZMU

CSUei xl
xfSU

u SuUel
xfSU

mul M ami
xfSU

Lx x sMU
xfSU

UMz el
xfSU

xuhlS ckU
xfSU

lD Sss
29 qD, 2013

V SUKUMAR
Divisional Manager

N SIVASANKARAN
Deputy General Manager

K MANICKAM
General Manager

V S KRISHNAKUMAR
Executive Director

ASHOK KUMAR GUPTA


Executive Director

R K DUBEY
Chairman & Managing Director

SUDHA KRISHNAN
Director

MEENA HEMCHANDRA
Director

G V SAMBASIVA RAO
Director

G V MANIMARAN
Director

KHALID LUQMAN BILGRAMI


Director

For H K CHAUDHRY & Co.


Chartered Accountants

For K VENKATACHALAM AIYER & Co.


Chartered Accountants

INDERJIT SONI
Partner

V DEVARAJAN
Partner

SUTANU SINHA
Director

P V MAIYA
Director

AS PER OUR REPORT OF EVEN DATE


For S P CHOPRA & Co.
For LOONKER & Co.
Chartered Accountants
Chartered Accountants
PAWAN K GUPTA
Partner

S C LOONKER
Partner

New Delhi
May 29, 2013

256

SUNIL GUPTA
Director

For P CHOPRA & Co.


Chartered Accountants

For A R DAS & ASSOCIATES


Chartered Accountants

RAKESH JAIN
Partner

SWARNENDU CHAUDHURY
Partner

 
  

   

mr zrUkUM

Dear Shareholder,

WqU oM M Am ex xqqlr zrUkUM M m q Amx


oi MUi WL qf Ai mxi W UW W | Am ex sa
M W xos AU xWri x WqU (AmM) oM qeoi M
xj SlSl xjU m x xuki W UW W |

It gives us immense pleasure to reach you as our


esteemed Shareholder of our Bank. It is with the support
and help of people like you, (y)our bank has been growing
steadily day by day with strong basics.

Am Cx oi x Auai W M ZUS-TUZi MUl r okM


UZl M sL zrU M Q-qO m q Wl Alur Wi
W | Cil W lW, Q-qO m q zrU M ZUS-TUZi
MUl M sL lmaU mipa M mx Q-qO Zi Wl
p eU Wi W | lmaU mipa M m q Wq AmM
lmaU xur p xmx Emsok MUra |

You are kindly aware that holding of shares in DEMAT


form is a must for trading or pledging the same. Further,
it is necessary to have a DEMAT Account with any of the
Depository Participant (DP) for trading the shares in the
DEMAT form. We, as one of the Depository Participants,
are glad to extend the Depository Services also.

WqU UMQ q rW SZ ar W M AmM mx oM M


zrU Ao p piM m q W | Ai Q-qO Zi Zsl
M sL WqU xur Emsok MUl Wi Wq ml Cx AuxU
M xSmra MUa |

It is observed from our records that you are still holding


the banks shares in physical form. Hence, we once again
take this opportunity to extend to you our services for
opening the Demat Account.

lmaU xur Emsok MUl M sL lq zZA M


xc AmM elMU M sL CxM xj xsal M aD
W | AmM qsrul Q-qO Zi Zsl M sL Am Clq
x Mx p zZ q mSmh MU xMi W |
Eil W qWiumh oi rW W M AmM luz mU miTs
mmi MUl | bwi spz M xqr mU eq Wl M
xli MUl M sL uil xqzkl xu M Emra
MUl M AlUk MUi W exx AmM spz Uz
xk AmM oM Zi q eq Wl q qSS qsi
W| rS Aml Mji xuA M uMsm lW Sr W i
Am uil xqzkl xu AkrSz S xMi W ex
Q-qO Zi Zsl M xj- xj lmaU mipa M
U Emsok MUr ei W |
Wqz Eq xuA M Axl Si WL klruS...

A List of Designated Branches for Depository Services is


attached for your information. You may approach any
of these Branches for the purpose of opening of your
valuable Demat Account.
Equally important aspect is that receiving the returns
on your investment. For ensuring the timely credit of
the dividends declared, we request you to use Electronic
Clearing Service (ECS) which indeed helps you to get the
dividend amount credited to your bank account directly
without any hassles. In case you have not opted for the
said service, you may avail the services of ECS Mandate,
which is extended simultaneously by the Depository
Participant while opening the Demat Account.
Thanking you and assuring you of our best services
always
Yours sincerely,

AmM,

R K Dubey
Chairman & Managing Director

Ueu MzU So
Akr u mok lSzM

257

lmaU xu MS M xc- 2012-13 / LIST OF DP SERVICE CENTRES 2012-13


Acs Mrsr
M lq
1 AaU
2 AWqSoS

3 oasU
4. pms
5. Mw

Q
6. cQaR
7. cD
8. MroU
9. Sss
10.
11.
12.
13.
14.
15.

auWO
au
Wos
WSUoS
ermU
MUls

lmaU xu MlS
1. Lq e UQ
1. Aq UQ, AWqSoS
1. oasU MlSr Q m - xOM
LYxce OuU, e x UQ x,
oasU
2. uerlaU - oasU
1. AUU Msl - pms
1. uxO Ws - MsMO
2. oa oeU - msQ
1. 17-x - cQaR
2. oLqx cM - eskU
1. Wooss UQ - cD
2. ilqmO - cD
3. AhhlaU mu - cD
1. AU Lx mUq - MroU
2. AsamUq - MroU
3. mM UQ - DUQ
1. MlO xMx - Sss
2. WFe Zx - Sss
3. AU M mUq - Sss
1. SxmU - auWO
1. qQau - au
1. OTM ADsQ - Wos
1. lUrhaQ - WSUoS
1. AUuS qa - ermU
1. assUr qMO - aQau

16. MsMi

1. Ls x UQ - MsMi

17. qSU

1. aQ xOs - qSU
1. WqmlM - qasU
2. qi ujM - EQmm
1. Ll Lx D zZ - qoD
2. bOMmU (m) - qoD
3. Lx Lx o AkU - qoD
4. us ms - qoD
1. leUoS - qxU
2. qZr zZ - Wxl
1. COuU - lamU
1. o qa - mOl
1. Mm - mh
1. QUQ - Uc
1. lss xk - zqa
1. oQu - LUhMsq
2. MOlqO - iulimUq
1. iss laU - i
1. So aQl - uzZmhq

18. qasU
19. qoD
20. qxU
21.
22.
23.
24.
25.

lamU
mOl
mh
Uc
zqa

26. iulimUq
27. i
28. uzZmhq

Sl. Name Of The


No.
Circle
1 Agra
2 Ahmedabad
3 Bangalore

4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.

20.
21.
22.
23.
24.
25.
26.
27.
28.

258

DP Service Centre

1. Agra - M G Road
1. Ashram Road, Ahmedabad
1. Bangalore Central DP Stock Exchange Tower,
JC Road Cross, Bangalore
2. Vijayanagar - Bangalore
Bhopal
1. Arera Colony- Bhopal
Calicut
1. West Hill - Calicut
2. Big Bazaar - Palakkad
Chandigarh
1. 17-C - Chandigarh
2. BMC Chowk - Jallandhar
Chennai
1. Habibulla Road - Chennai
2. Tenyampet-Chennai
3. Annanagar East - Chennai
Coimbatore
1. R.S.Puram - Coimbatore
2. Alagapuram - Salem
3. Park Road - Erode
Delhi
1. Connaught Circus - Delhi
2. Hauz Khas - Delhi
3. RK Puram - Delhi
Guwahati
1. Dispur - Guwahati
Goa
1. Margoa - Goa
Hubli
1. Traffic Island - Hubli
Hyderabad
1. Narayanguda - Hyderabad
Jaipur
1. Arvind Marg - Jaipur
Karnal
1. Galleria Market - Gurgaon
Kolkata
1. L C Road - Kolkata
Madurai
1. Grand Central - Madurai
Mangalore
1. Hampanakatta - Mangalore
2. Maruthi Vetika - Udupi
Mumbai
1. NSE Branch - Mumbai
2. Ghatkopar (West)- Mumbai
3. SSB Andheri - Mumbai
4. Vile Parle - Mumbai
Mysore
1. Nazarabad - Mysore
2. Main - Hassan
Nagpur
1. Itwari - Nagpur
Patna
1. Budh Marg - Patna
Pune
1. Camp - Pune
Ranchi
1. Daronda Ranchi
Shimoga
1. Nelli Soudha - Shimoga
Trivandrum
1. Broadway - Ernakulam
2. Cantonment - Trivandrum
Trichy
1. Thillai Nagar - Trichy
Vishakapatnam 1. Daba Gardens - Vishakapatnam

lqMl m
xu q,
Akr u mok lSzM,
MlU oM,
mkl Mrsr: oasU
mr qWSr,

lSzM M lucl
AmM lOx SlM 10-6-2013 M xSp q, q ....................................... clu q pa sl M sL rj vuU, 21 el 2013 Aji
AiUM Aiq ij M MlU oM M mi ` 10/- M ....................................... DYuO zrU M zrUkUM, oMa Mml (Emq M
AkaWh u AiUh) Aklrq, 1970 M kU 9(3) (i) M mukl M AlxU oM M zrUkUM M milkiu MUlus lSzM M
m q xquU, 22 esD, 2013 M oM zrUkUM M 11u uwM xqlr oPM q cl el M sL ............................................. M
lux / qi .............................. m / m / m M LiSU lqMi MUi W |
WxiU
lq
zrU M xZr
meMi TsA xZr (ApiMi W i)
Qm ADQ xZr ij aWM ADQ xZr
(piMi W i)
xjl
SlM
Ommhr:
1.

laq lMr M lqMl W i lqMl M xj ex oPM q mxiu mUi Mr ar W, ExM Akr M WxiU M Aiai lSzM
qQs U mUi mxiu M mqhi xir mi Wl cWL |

2. mirz M lqMl MUlus zrUkUM M WxiU M oM M zrU AiUhMi LeO M mx Emsok WxiU M xj qs Zl
cWL |
3. Emr q x Mx Msq M U NQ SL el x orU M asi mL el x lqMl AxuMU MU Sr eLa |

259

NOMINATION FORM
To
The Chairman & Managing Director,
CANARA BANK
Head office: Bangalore.
Dear Sir,

ELECTION OF DIRECTORS
With reference to your notice dated 10-6-2013, I, ________________________ a shareholder of Canara Bank holding
_________ equity shares of `10/- each as on Friday, the 21st June 2013 (i.e.) the Internal Cut-Off date for participating
in the Election do hereby nominate Sri/ Smt._____________ son/daughter/wife of _______________________
residing at ________________ for being elected as a Director of Canara Bank representing the Shareholders of the Bank
as provided in Section 9(3) (i) of The Banking companies (Acquisition and Transfer of Undertakings)Act, 1970 at the 11th
Annual General Meeting of the Shareholders of the Bank to be held on Monday, the 22nd July 2013.
Signature
Name
Number of shares
Regd. Folio No.
(If not dematerialized)
DP ID No. & Client ID No.
(If dematerialized)
Place
Date
Notes:
1. In case of nomination by a Body Corporate, the nomination form should be accompanied by a certified true copy of
the resolution passed by the Board of Directors under the signature of the Chairman of the Meeting at which it was
passed.
2. Signature of the Shareholders nominating the candidate should match with the specimen signature available with
the share transfer agent of the Bank.
3. If any of the columns above is left Blank or the particulars are found to be incorrect, the nomination is liable to be
rejected.

260

bwh
(mirz U)
(ulrq M ulrq 65 M xSp s)

q .......................................... m / m / m / qi ......................................... lux ..............................................................


.................................. LiSU m MUi / MUi W M:
M. q lucl q pa sl M sL rj vuU, 21 el 2013 Aji AiUM Aiq ij M oM M mi ` 10/- M .....................
DYuO zrU M kUM W, ij
Z. *qf (i) Mw AU aqh Aj uruxj, (ii) oMa, (iii)xWMUi, (iv) Ajzx, (v) u, (vi) uk, (vii) sb Ea r ................
................... (pUir Ueu oM M ucU q oM M Emra Wlus uzw l AU uruWUM Alpu W) AU Aklrq M kU
9 M Em kU 3L M AlxU eqMiA u Mxl, qM u MUaU M Wi M milkiu MUi W AU ExM xr M m q
q LiSU xoki mqh mxii MUi / MUi W; AU
a. q ..................................... xZrM lqMl M xuMi MUi / MUi W; AU
b. q MlU oM M lSzM M sL clu q pa sl cWa / cWa; AU
X. qf oMa Aklrq, rel, ulrq M mukl ij pUir Ueu oM M Akxcl M Aiai oM M lSzM Wl x Arar
lW olr ar; AU
c. q l i Mx spSrM mS q W AU l W Mx UrMi oM r pUir xOO oM Aklrq M kU 3 M Em kU (1) M Aiai
aPi pUir xOO oM r pUir xOO oM (Alwa oM) Aklrq, 1959 M kU 3 U mUpwi Alwa oM M / M MqcU
W; AU
N. q Aml urai orU xsal MUi / MUi W e qU mU elMU AU ux M qioM xW AU xmh W; AU
e. q Cx bwh M oS bOi Wlus bOlA M oU q eil esS W xM Eil esS oM M mhir xci UZl AU oM M
lSzM M m q luci ML el mU mxuS usZ lwmSi MUl M ucl Si / Si W |
lq
WxiU
zrU M xZr
meMi TsA xZr
(ApiMi W i)
Qm ADQ xZr ij aWM ADQ xZr
(piMi W i)
xjl
SlM
ee, qexOO, Axl M UexOU r Em UexOU Aju Uemi
AkMU r TU pUir Ueu oM M Mx AkMU r MlU oM r

Emr bwh mU qU xql WxiU ML aL

MD UrMi oM M AkMU M qWU xWi WxiU |

WxiU u qWU - SlM xWi

*e sa W Ex mU MU |

261

DECLARATION
(BY THE CANDIDATE)
(Refer Regulation 65 of the Regulations)

I, Shri/Smt___________________________________ son / daughter / wife of Shri / Smt. _____________________


__________, a resident of __________________________ hereby confirm that:
a. I am a shareholder holding ___________ equity shares of `10/- each of the Bank as on Friday, the 21st June 2013
i.e., the Internal Cut-Off date for participating in the elections, and
b. I have special knowledge or practical experience in *(i) agriculture and rural economy, (ii) banking, (iii) co-operation,
(iv) economics, (v) finance, (vi) law, (vii) small scale industry, or ________________ (special knowledge of and
practical experience of which in the opinion of Reserve Bank of India, would be useful to the Bank) and I represent
the interest of the depositors, or farmers, workers and artisans, in terms of sub-section 3A of Section 9 of the Act and
as an evidence thereof, I submit herewith the relevant testimonials, and
c. I accept the nominations numbering _____________ and
d. I am willing to contest for the election of Directors of Canara Bank, and
e. I am not disqualified from being a director of the Bank under the provisions of the Act, Scheme, Regulations and RBI
Notification; and
f. I neither hold any office of profit nor am an employee of any Nationalised Bank or State Bank of India constituted
under sub-section (1) of Section 3 of the State Bank of India Act, 1955 or any subsidiary bank as defined in Section 3
of the State Bank of India (Subsidiary Banks) Act, 1959; and
g. I enclose my personal details which are to the best of my knowledge and belief true and complete; and
h. I undertake to keep the Bank fully informed, as soon as possible, of events, if any, which take place subsequent to this
declaration which are relevant to the information provided hereto and to execute the Deed of Covenants upon my
election as a Director of the Bank.
Name
Signature
No of Shares
Regd. Folio No
(If not dematerialised)
DP ID No. & Client ID No
(if dematerialised)
Place
Date
Signature with Seal of Judge, Magistrate, Registrar or
Sub-Registrar of Assurance, or other Gazetted Officer or
an officer of the Reserve Bank of India, Canara Bank or any
nationalised bank.

The above declaration was signed before me.

Signature and Seal with Date

* Tick whichever is applicable

262

mirz M eulu M mm
(urai xcl, bwh ij ucl m)

mirz M TO
cmML

I.. mirz M urai orU


M

mU lq
mi M lq

elq ij

zhM rari

xo mpq ij Alpu

xjr mi

uiql mi

D-qs mi / SUpw xZr

Ar MU Aklrq M iWi xjr sZ xZr ij Ar MU xMs M lq u mi

xo l AU Alpu (oMa Mml (Emq M AkaWh u AiUh) Aklrq 1970/1980


M kU 9(3-L) M xSp s

oM M lSzM M sL xo MD Alr xcl

II.. lSzM M xo UziSU


M

mirz M UziSU M xc e oM x xok UZi W| (Mml Aklrq, 1956 M kU 6


AU Alxc 1 L M xSp s)

Lx lMr M xc elq mirz M Wiw ql ei W (Mml Aklrq 1956 M kU


299 (3) (L) AU kU 300 M xSp s)

Lx lMr M xc elq mirz M oMa ulrq Aklrq 1949 M kU 5(Ll D) M


Aj M Aiai mrmi Wi kUM ql ei W|

oM M lq exq mirz oQ M xSxr W r UW W (mSkUh M Auk M orU S)|

mirz r Emr II M (Z) u (a) q xco lMr q x xmi Emp lk AU lkiU


xukL|

263

FORMAT FOR BIODATA OF THE CANDIDATE


(Personal Information, Declaration and Undertaking)

Affix
Candidates
photo here

I. Personal details of director


a.

Full name
Father Name

b.

Date of Birth

c.

Educational Qualifications

d.

Relevant Background and Experience

e.

Permanent Address

f.

Present Address

g.

E-mail Address / Telephone Number

h.

Permanent Account Number under the Income Tax Act and name and address of
Income Tax Circle

i.

Relevant knowledge and experience (Refer Section 9(3-A) of the Banking


Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980

j.

Any other information relevant to Directorship of the Bank

II. Relevant Relationships of director


a.

List of Relatives if any who are connected with the Bank (Refer Section 6 and
Schedule 1A of the Companies Act, 1956)

b.

List of entities if any in which he/she is considered as being interested (Refer


Section 299(3)(a) and Section 300 of the Companies Act, 1956)

c.

List of entities in which he/she is considered as holding substantial interest within


the meaning of Section 5(ne) of the Banking Regulation Act, 1949 proposed and
existing

d.

Name of Bank in which he/she is or has been a member of the board


(giving details of period during which such office was held)

e.

Fund and non-fund facilities, if any, presently availed of by him/her and/or by


entities listed in II (b) and (c) above from the bank

264

c.

oM r Mx Alr oM / ur xxj x mmi Gh xukA M qqs q mirz r Emr


(Z) u (a) q xco lMr cMMi W r mWs UW W|

III.. uruxrM
ur uxrM Emsokr M Miql
M.

xo uruxrM Emsokr

IV. mirz M u MD MruW M aD W i


M

mirz Mx uruxrM xaPl/lMr M xSxr W i ElM u MD AlzxlM


MUuD usoi r z M aD r mu q Sw PWUr ar r mirz M Mx uruxr/mz
q mu Wl x UM ar W|

Z.

AjM ukr AU ulrq M Essbl MUl M MUh mirz r / AU Emr II M (Z) u


(a) q xco lMr M u usoi r z r mu q Sw PWUr ar W i ElM orU|

a.

lSzM M u usoi r z r mu q Sw PWUr ar AmUkM qqs M orU|

b.

mirz Mml Aklrq 1966 M kU 274 q mri AlxU Arar PWUr e xMi W|

xUMU upa r Lex M MWl mU mirz r Emr II M (Z) u (a) q xco lMr
M u MD ec mQis M aD|

c.

mirz M xq zsM / EimS MU / ArMU / uSz ulqr / Alr Uexu mkMU


U lrq / ulrq / ukD AmA M Essbl M Sw mr ar? W
i orU S|

N.

mirz Mp p xo, AD AU Q L, Q x L AS ex lrM M mi Smi WA?


(rm Mx mirz M sL ulrqM U M aD ASz ij ec M elW oS q mU
iUW x umx s sr ar W i Ex uhi Mr el AuzrM lW Wa, ijm ux umx
e iMlM MUh ex xqi r kMU M Mq CirS M MUh W ij rari M
AkU mU lW W i Ex uhi Mr el AuzrM Wa | rS ulrqM M ASz AxjD
m x Axjai Mr ar W ij Amsr / lrrsr M MruW soi W i ExM uhl
Mr el cWL |)

V.

Emr I x III iM M qS x xoki MD Alr xmMUh / xcl AU rar u Eci ql


xo Alr xcl|

265

f.

Cases, if any, where the director or entities listed in II (b) and (c) above are in
default or have been in default in the past in respect of credit facilities obtained
from the bank or any other bank.

III. Records of professional achievements


a.

Professional achievements relevant

IV. Proceedings, if any, against the director


a.

If the director is a member of a professional association/body, details of


disciplinary action, if any, pending or commenced or resulting in conviction in the
past against him/her or whether he/she has been banned from entry of at any
profession / occupation at any time.

b.

Details of prosecution, if any, pending or commenced or resulting in conviction in


the past against the director and/or against any of the entities listed in II (b) and
(c) above for violation of economic laws and regulations.

c.

Details of criminal prosecution, if any, pending or commenced or resulting in


conviction in the past against the director

d.

Whether the director attracts any of the disqualifications envisaged under


Section 274 of the Companys Act 1956?

e.

Has the director or any of the entities at II (b) and (c) above been subject to any
investigation at the instance of Government department or agency?

f.

Has the director at any time been found guilty of violation of rules/regulations/
legislative requirements by customs/ excise / income tax/foreign exchange /
other revenue authorities, if so give particulars.

g.

Whether the director at any time come to the adverse notice of a regulator such
as SEBI, IRDA, DCA.
(Though it shall not be necessarily for a candidate to mention in the column
about orders and findings made by regulators which have been later on
reversed / set aside in toto., it would be necessary to make a mention of the same,
in case the reversal / setting aside is on technical reasons like limitation or lack
of jurisdiction, etc., and not on merit. If the order of the regulator is temporarily
stayed and the appellate / court proceedings are pending, the same also should
be mentioned.)

V.

Any other explanation / information in regard to items I to III and other


information considered relevant for judging fit and proper.

266

bwh:
q m MUi / MUi W M Emr elMU qU ux M WS iM xW u mh W| Cx bwh M oS bOi Wlus bOlA M
oU q eil esS W xM Eil esS oM M mhir xci UZl M ucl Si / Si W |
q oM M lSzM M m q luci ML el mU mxuS usZ lwmSi MUl M p ucl Si / Si W |
xjl :

SlM :

mirv M WxiU

AlsalM : 1. eW mU eaW mrmi lW W, uW mU xcl AlsalM M iU mU MsqlxU Eci xSp M xj mSl MU |


2. mirM m (AlsalM xWi) mU mirz WxiU MU |

lqMl xqi M Ommhr / Aprr

lqMl xqi M xSxr M WxiU

lqMl xqi M xSxr M WxiU

lqMl xqi M xSxr M WxiU

xjl :
SlM :

xjl :
SlM :

xjl :
SlM :

267

Undertaking
I confirm that the above information is to the best of my knowledge and belief true and complete. I undertake to
keep the bank fully informed, as soon as possible, of all events which take place subsequent to my appointment
which are relevant to the information provided above.
I also undertake to execute the deed of covenants required to be executed by the directors of the Bank.
Place :
Signature
of the Candidate

Date :

Enclosures : 1. Wherever space is not sufficient, please attach the information as annexure in chronological order
and with appropriate cross reference. 2. Each pages (including annexure) are required to signed by the Candidate.

Observations / Remarks of the Nomination Committee

Signature of Nomination
Committee member

Signature of Nomination
Committee member

Signature of Nomination
Committee member

Place :
Date :

Place :
Date :

Place :
Date :

268

mkl Mrsr, # 112, e x UQ, oasU- 560 002

Emxji mc

arU uwM xqlr oPM - 22-07-2013


(Mmr WeU mc pUMU Ex oPM Ws M muv U mU S S)
SlM:

xqr:

xjl: oasU
Emxji zrUkUM / mYx /
milk M WxiU
Q.m.AD.Q. u aWM
AD.Q.

me m
(ApiMi W i)

(piMi W i)

zrUkUM M lq
zrU M xZr

------------------------------------------------------------------- CkU x MO -------------------------------------------------------------------

mkl Mrsr, # 112, e x UQ, oasU- 560 002

muz mx

(mU oPM M SUl mx UZl W)


zrUkUM M lq
zrU M xZr
meMi Tsr
(ApiMi W i)

QmADQ x
aWM ADQ x
(piMi W i)

Emxji mYx / milk M lq


zrUkUM / mYx / mkMi milk M WxiU
oPM xjs q muz MUl M sL zrUkUM / zrUkUM M mYx / milkr x AlUk W M u oPM M mx meMi Aml lql WxiU M Alm
Emr Emxji mc, muz mx M xj SZL | zrUkUM / mYx kUM / mkMi milk lO MU M oPM q muz Alqi Mr el AuzrM xqf
elus xirml / ec M Akl Wa AU ElM xci Mr ei W M u mWcl M ukqlr xr rl uOU AD.Q. MQ / lr mWcl m / ml
p Wsi q oPM xjl q Mx mMU M QmsMO Emxji mc eU lW M eLa |
MQ / mxmO / QCua sCxx AS Aml xj UZ | Mx p

------------------------------------------------------------------- CkU x MO -------------------------------------------------------------------

mkl Mrsr, # 112, e x UQ, oasU- 560 002

(qiSl m eU MUl M sL qiSl MEOU mU mxii MU)


Emxji zrUkUM / mYx /
milk M WxiU
me m
(ApiMi W i)
zrUkUM M lq
zrU M xZr

Q.m.AD.Q. u aWM AD.Q.


(piMi W i)

269

Head Office, Bangalore- 560 002

ATTENDANCE SLIP - 22.07.2013


11th ANNUAL GENERAL MEETING
(to be surrendered at the time of entry)
Date:
Place: Bangalore
Signature of the Shareholder/
Proxy/Representative present
Regd. Folio
(If not dematerialised)
Name of the Shareholder
Number of Shares

Time :

DP ID & Client ID
(If dematerialised)

------------------------------------------------------------------- cut here -------------------------------------------------------------------

Head Office, Bangalore- 560 002

ENTRY PASS
(to be retained throughout the meeting)
Name of the Shareholder
Number of shares
Regd. Folio
(if not dematerialised)

DPID No.
Client ID No.
(if dematerialised)

Name of the Proxy/Representative present


Signature of Shareholder / Proxy / Authorised representative
Shareholders/Proxy or representative of Shareholders are requested to produce the above attendance slip, duly signed in accordance with their
specimen signatures registered with the Bank, along with the entry pass, for admission to the venue. Shareholders / Proxy holders / Authorised
Representatives may note that the admission to the meeting will be subject to verification / checks, as may be deemed necessary and they are advised
to carry valid proof of identity viz., Voters ID Card / Employer Identity Card / Pan Card / Passport / Driving license etc. UNDER NO CIRCUMSTANCES, ANY
DUPLICATE ATTENDANCE SLIP WILL BE ISSUED AT THE VENUE.

------------------------------------------------------------------- cut here -------------------------------------------------------------------

Head Office, Bangalore- 560 002

(to be surrendered to the Polling counters for issue of ballot paper)


Signature of the Shareholder/
Proxy/Representative present
Regd. Folio
(If not dematerialized)
Name of the Shareholder
Number of Shares

DP ID & Client ID
(If dematerialised)

270

(pUi xUMU M Emq)

mkl Mrsr, # 112, e x UQ, oasU- 560 002

arU uwM xqlr oPM 22-07-2013


Tq "o"
mYx Tq
(zrUkUM U pU el Lu WxiU MUl M sL)

q / Wq ......................................................... lux ............................ es ......................... Uer ............................... MlU oM M


zrUkUM Wl M li LiSU / qi .................................................. lux ................................. es ..................................
Uer ........................................M, Aju ClM l Wl mU, / qi .................................................... lux ................................
es ................ Uer .............................. M leri xqqsl Ws, xOs Mse, msx UQ, oasU q SlM xquU 22 esD,
2013 M muWl 10.00 oe Wlus MlU oM M zrUkUM M arU uwM xqlr oPM AU ExM oS xjai Alr Mx oPM
q qf / WqU sL AU qU / WqU AU x qiSl MUl M sL mYx M m q lr MUi / MUi W / MUi W |
Ae uw 2013 ............................... qW M ...........................Sl M WxiUi
UexOQ Tsr x. / .................................................................
aWM AD Q : ............................................................................
..........................................................................................................

Mmr 15 mx
M Uexu xOqm
cmML

mYx M WxiU
lq AU mi: ................................................................................
......................................................................................................
......................................................................................................

.........................................................................................................
mjq lqi / LMs kUM M WxiU

milk Tq mU WxiU MUl Lu Ex Se MUl xok AlSz


1. MD p milk sZi io iM uk lW Wa, eo iM M,
M) LMs zrUkUM M qqs q Ex mU ElM U r sZi q ukui mkMi AOl U WxiU l ML aL W |
Z) xr kUM M qqs q UexOU q mWs lqi zrUkUM U r sZi q ukui mkMi ExM AOl U WxiU l ML aL W |
a) LM laq lMr M qqs q ExM AkMU r sZi q ukui mkMi ExM AOl U WxiU l ML aL W |
2. rS MD zrUkUM Mx p MUh x Aml lq sZl q Axqj W i milk sZi q ExM WxiU io mrmi ql eLa, rS Ex mU ExM
lzl sar ar W AU ExM Akmqhl Mx ee, qexOO, Axl M UexOU r Em UexOU Aju Uemi xUMU AkMU r TU
MlU oM M Mx AkMU U Mr ar W |
3. milk Tq,
M) qZiUlq r Alr Mx mkMU (rS MD W), exM Akl Ex mU WxiU Mr ar W, r
Z) Mx lOU mosM Aju Mx qexOO U mqhi qZiUlq r mkMU M LM mi M xj uwM xqlr oPM M iUZ, M cU Sl
M mu Aji okuU 17 esD, 2013 M xqml xqr M mWs MlU oM M xcur mpa, cj is, mkl Mrsr, 112, e x UQ, oasU
q eq Mr eL |
4. rS xoki qZiUlq MlU oM r zrU AiUh LeO M xj meMi Mr ar W, i qZiUlq M meMUh xZr AU Lx meMUh M SlM
EssZi MUl Wa |
5.
6.
7.
8.
9.

MD p milk sZi io iM uk lW Wa, eo iM M uW Tq o q l W AU ExM ukui xOqmi l Mr ar W |


oM M mx eq M aD milk sZi AmUuilr Lu Aiq Wa |
rS MD milk sZi, S aWr M m q S aD W i LM x erS Tq M lwmSl lW Mr e xMi |
LM milk sZi M lwmSl MUlus zrUkUM M Ex AxkUh xqlr oPM q xur qi Sl M AWi lW Wa, exx Lx sZi
xoki W |
Lx Mx ur M ukui mkMi milk lr lW Mr e xMi, e MlU oM M LM AkMU r MqcU W|

271

(A Government of India Undertaking)

HO : # 112, J C ROAD BANGALORE - 560 002

Eleventh Annual General Meeting 22.07.2013


FORM B
FORM OF PROXY
[To be filled and signed by the Shareholder]
I/We...Resident of ....in
the district of.. in the State of being a shareholder /shareholders of the Canara Bank, hereby appoint
Shri/Smt .. resident of...in the district of in the State of
or failing him/her, Shri/Smt .. resident of in the district of
in the State of . as my / our proxy to vote for me/us and on my / our behalf at the
Eleventh Annual General Meeting of the Shareholders of Canara Bank to be held on Monday the 22nd July 2013 at
10.00 a.m. at Jnanajyothi Auditorium, Central College, Palace Road, Bangalore - 560 001 and at any adjournment thereof.
Signed this ..................................... day of ... 2013
Regd. Folio No./Client ID: .................................................................
Please affix
15 Paise
Revenue Stamp

No. of Shares .........................................................................................


.....................................................................................................................
Signature of Proxy
Name & Address:................................................
.....................................................................................................................

..........................................................................................................

.....................................................................................................................

Signature of the first named / sole shareholder

INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM


1. No instrument of proxy shall be valid unless,
a) in the case of an individual shareholder, it is signed by him/her or his/her attorney, duly authorised in writing,
b) in the case of joint holders, it is signed by the shareholder first named in the register or his / her attorney, duly authorised in
writing,
c) in the case of a body corporate signed by its officer or an attorney duly authorised in writing.
2. An instrument of proxy shall be sufficiently signed by any shareholder, who is, for any reason, unable to write his / her name, if
his / her mark is affixed thereto and attested by a Judge, Magistrate, Registrar or Sub-Registrar of Assurances or other Government
Gazetted Officer or an Officer of Canara Bank.
3. The proxy together with
a) the power of attorney or other authority (if any) under which it is signed, or
b) a copy of the power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited with Canara Bank,
Secretarial Department, 4th Floor, Head Office 112, J C Road Bangalore 560 002 not less than FOUR DAYS before the date of
the Annual General Meeting i.e. on or before the closing hours of Wednesday, the 17th July , 2013.
4. In case the relevant Power of Attorney is already registered with Canara Bank or Share Transfer Agent, the registration Number of
Power of Attorney and the date of such registration may be mentioned.
5. No instrument of Proxy shall be valid unless it is in Form B and duly stamped.
6. An instrument of proxy deposited with the Bank shall be irrevocable and final.
7. In the case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be executed.
8. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the Annual General Meeting to
which such instrument relates.
9. No person shall be appointed as duly authorised representative or a proxy who is an officer or an employee of Canara Bank.

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