Submitted by:

BAIKUNTHA BIHARI PRADHAN

Regd. No : 590/09
Roll No : 10MBA702


Under the guidance of:

External Guide Internal Guide
Mr. S.K. Das SRIKANT CHANDRA PRADHAN
Senior Manager, OSCB (FINANCE)








DDCE, SAMBALPUR UNIVERSITY
JYOTI VIHAR, BURLA
DECLARATION


I hereby declare that the Project report entitled Sources and
Application of Funds of O.S.C.B being submitted by me to the DDCE,
Sambalpur University is partial fulfillment of Master of Business
Administration Under DDCE, Sambalpur University. It is my own and has
not been submitted to any other university or published any time
before.




Baikuntha Bihari Pradhan
Roll No. : 10MBA702
DDCE, Sambalpur University














CERTIFICATE


This is to certify that Baikuntha Bihari Pradhan, a student of DDCE,
Sambalpur University has prepared a Project report titled Sources and
Application of Funds of O.S.C.B as a partial fulfillment of MBA degree
for the Academic Year 2009-2011. This has not formed a basis for the
award of any Degree /Diploma by this university or any other university.

We wish all success in her future endeavor.





S.K. Das
Senior Manager (OSCB)

EXAMINERS CERTIFICATE

This project is submitted by Baikuntha Bihari Pradhan of MBA bearing the
Roll No. 10MBA702 under DDCE, Sambalpur University and forwarded for
evaluation.



Internal Examiner External Examiner


CERTIFICATE OF APPROVAL

This is to Certify that the Project Entitled:
Sources and Application of Funds of O.S.C.B

Submitted by Baikuntha Bihari Pradhan (Enr. No 590/09), Sambalpur University, Burla towards
partial fulfillment of the requirements for the award of the degree of Master of Business Administration
(MBA) is a bona fide record of the work carried out by him under the able guidance of Samir Mishra,
Faculty, NICE, Talcher.




(Approval of the Center Director)

CERTIFICATE OF GUIDE


This is to certify that Baikuntha Bihari Pradhan bearing the
Enrollment No. 590/09 is a bonafide student of DDCE, Sambalpur
University. She has conducted the Project report on Sources and
Application of Funds of O.S.C.B in O.S.C.B under my guidance as per
the partial fulfillment of the requirement of the degree of M.B.A.
To the best of my knowledge she has work sincerely to being this report.




Srikant Chandra Pradhan
ACKNOWLEDGEMENT

I wish to take this opportunity to express my deep sense of gratitude to
Mr. Srikant Chandra Pradhan from NICE, TALCHER for his invaluable guidance
in this endeavour. He has been a constant source of inspiration and I sincerely
thank him for his suggestions and help to prepare this report.

I express my deep sense of gratitude to my external guide Mr. S.K. Das Senior
Manager (OSCB) of O.S.C.B, Orissa, for offering me suggestions and help in
successfully completing my project report.

Finally, It is my foremost duty to thank all my respondents, who helped me to
complete my project work without which this project would not have been
possible.





Baikuntha Bihari Pradhan
Roll No : 10MBA702

PREFACE

In the MBA course curriculum a student has to undergo on a
specific topic as per his choice. As I have some interest about
accountancy and financial market so I chose finance as my area of work.
As OSCB is a co-operative bank, using its funds for agricultural field, so I
chose OSCB bank as my project place. In OSCB the fund mainly comes
for agriculture purpose and distributes loans to poor farmers with a little
rate of interest. It mainly collects funds from NABARD and RBI for
improving agricultural sector. It also gets funds from Govt. in the form of
subsidy for recovering its losses. Rather then other commercial banks, it
provides loans to the farmers without any mortgage. So it suffers losses.
As it is basically collects from NABARD, RBI and Govt. and provides loans
to farmers for improving agriculture sectors, so I like to do my report on
Sources and uses of Funds of OSCB


Chapters
1. Sources and uses of funds
Introduction
Objective of study
Method of study
Scope of study
Limitation
2. Indian banking system
Chart
Classification of banks
Nationalization of banks
Liberalization of banks
3. Bank profile
History
Achievements
Structure of OSCB
4. Review of literature
Sources of funds
Uses of funds
5. Sources and uses of funds of OBCB
Sources of funds
Paid up share capital
Reserves
Owned fund
Deposits
Borrowings
Borrowed from NABARD for weavers
Net profits
Uses of funds
Distribution loans and advances
Investment
Dividend
Seasonal crop loans
6. Conclusions and suggestions
Conclusions
Suggestions
7. Appendix
Appendix A
profit and Loss A/c:
Balance Sheet of OSCB:
Appendix B
Abbreviation
Bibliography

1. Sources and Uses of funds
What and Why










Sources and uses of funds
Introduction
Financial management is that manager electivity which is concerned with
the planning and controlling of firms financial resources. Generally it deals with
four types of decisions. They are; Investment Decisions, Financing Decisions,
Dividend Decisions and Liquidity Decisions.
A firms investment decision involves capital expenditures. It refers to
capital budgeting decisions. It involves allocation of capital long term assets. That
would yield benefits in future. Generally investment proposals evaluated in terms
of expected returns. Besides the decision to commit funds in new investment
proposals, capital budgeting also involves replacement decisions.
Financing decisions involves when, where and how to acquire funds to meet
the firms investment needs. The central issue before manager is to determine the
appropriate proportion of equity and debt. The mix of equity and debt is known as
firms capital structure.
Introduction
Objective of study
Method of study
Scope of study
Limitation

In dividend decisions, the manager must decide whether the firm should
distribute all profits, or retain them, or distribute a portion and retain the balance.
The proportion of profits distributed as dividends is called dividend pay out ratio.
The optimum dividend policy is one that maximizes the market value of the firms
shares.
Liquidity decisions refers to the investment of current assets, affects the
firms profitability and liquidity. Current assets management that affects firms
liquidity is yet another important financial function. Lack of liquidity in extreme
situation can lead to the firms insolvency. So current assets should be managed
efficiently for safeguarding the firm against the risk of illiquidity. If the firm
doesnt invest sufficient funds in current assets, it may become illiquid and
therefore, risky. But it would lose profitability, as idle current assets could not
earn anything.
All the results of these decisions can be done through financial statement.
Financial statement is the statement which shows financial position and operating
results of the firm. Mainly financial statement refers to profit and loss account and
balance sheet. It also refers to the process of determining financial strength and
weakness of the firm by establishing strategic relationship between the items of
the balance sheet and profit and loss account.
This project based on sources and uses of funds in OSCB. There are
various sources of raising long term funds including issue of shares, debentures,
etc. The short term requirement of funds can be met from commercial bank,
trade credit, installment credit, advances, factory, etc. Uses of funds refer to funds
lost in operation, redemption of preference share capital, purchase of non-current
assets, etc.
In OSCB funds comprising of paid of capital and reserves, deposits and
borrowings. A major part of the resources are deployed in loans and advances to
the affiliated CCBs, member societies and individuals.
Objective of study
To study the sources of collecting funds of OSCB.
To study the effective utilization of funds.
To study the financial performance of the bank.
Methods
The study is mainly based on primary and secondary data. The primary data
is collected from staffs of OSCB and secondary data collected from annual report
of OSCB, from internet, management accounting books, various magazines and
web sites. Sample size is very small. It contains data of three years.
Scope
All activities of the summer project were carried out in the training institute
of Orissa state co-operative bank, Bhubaneswar, under the guidance of finance
faculty and also in DDCE, Sambalpur University, under the guidance of finance
faculty.
Limitation
It is only based on mathematical interpretation. It totally ignores
psychological and behavioral aspects like motivation, leadership, and
costumers satisfaction.
Time period is limit.
Collected data size is small i.e. contains only three years data.
2. Indian banking system






INDIAN BANKING SYSTEM












Classification of banks
Over the years the nationalized banks have acquired a place of prominence
and have seen tremendous progress. The need to become highly customer
focused has forced these slow-moving banks to adopt a fast track approach.
On the other hand private banks have been fast on the uptake and are
reorienting their strategies using the internet as a medium.
Complementing the roles of the nationalized and private banks are the
specialized financial institutions or Non Banking Financial Institutions (NBFCs).
With their focused portfolio of products and services, these Non Banking Financial
Institutions act as an important catalyst in contributing to the overall growth of
RESERVE BANK OF INDIA
COMMERCIAL BANKS INSURANCE COMPANIES MUTUAL FUNDS DEVELOPMENT BANKS
SBI, OBC, UBI
ALLAHABAD BANK
ANDHRA BANK
ICICI BANK, HDFC
ETC.

LIC
GIC
ETC.

UTI
RELIANCE
KOTAK MAHINDRA
ETC.

NABARD
SIDBI
IDBI
ICICI
IFC

Chart
Classification of banks
Nationalization of banks
Liberalization of banks

the financial services sector. NBFCs offer loans for working capital requirements,
facilitate mergers and acquisitions, IPO finance, etc. apart from financial
consultancy services. Trends are now changing as banks (both public and private)
have now started focusing on NBFC domains.
Co-operative banks are nimble footed in approach and armed with efficient
branch networks which focus primarily on the retail segments. These banks which
focus on areas of agriculture, rural development etc. has lower overheads. This
enables them to give a marginally higher percentage on savings deposits.
Among the above stated banks the Indian nationalized banks (banks owned
by the government) continue to be the major lenders in the economy due to their
sheer size and penetrative networks which assures them high deposit
mobilization.
Moreover, to control the actions of these banks, the Reserve Bank of India
acts a centralized body monitoring any discrepancies and shortcoming in the
system.
Over the years, the Indian banking has gone through two main phases or
changes which need to be noticed and are therefore explained in the following
paragraphs.
1. Nationalization of banks
By the 1960s, the Indian banking industry had become an important tool to
facilitate the Development of the Indian economy. At the same time, it had
emerged as a large employer, and a debate was ensued about the possibility to
nationalize the banking industry. So for this, Indira Gandhi, the-then Prime
Minister of India expressed this intention of the GOI (Government of India) in the
annual conference of the All India Congress Meeting in a paper. The paper was
received with positive enthusiasm. Thereafter, her move was swift and sudden,
and the GOI issued an ordinance and nationalized the 14 largest commercial
banks with effect from the midnight of July 19, 1969. This nationalism was
described as a "masterstroke of political sagacity by one of the national leaders
of India.
A second dose of nationalization of 6 more commercial banks followed in
1980. The stated reason for the nationalization was to give the government more
control of credit delivery. With the second dose of nationalization, the GOI
controlled around 91% of the banking business of India.
The nationalized banks were credited by some; including Home minister P.
Chidambaram, to have helped the Indian economy resist the global financial crisis
of 2007-2009.
List of Public Sector Banks in India is as follows:
Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of
Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank,
Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab and Sind
Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, State Bank of
Hyderabad, State Bank of India (SBI), State Bank of Indore, State Bank of Mysore,
State Bank of Patiala, State Bank of Saurashtra, State Bank of Travancore,
Syndicate Bank, UCO Bank, Union Bank of India.
2. Liberalization of banks
In the early 1990s, the then Narsimha Rao government embarked on a
policy of liberalization, licensing a small number of private banks. The examples of
private banks include Global Trust Bank (the first of such new generation banks to
be set up), which later amalgamated with Oriental Bank of Commerce, Axis
Bank(earlier as UTI Bank), ICICI Bank and HDFC Bank.
Effects of Liberalization: The liberalization brought huge changes in the banking
industry. Some of these changes are stated below.
The reserve which needed to be kept with the RBI was reduced to a great
degree. The Reduction of the CRR and SLR resulted in increased flexibility for
banks in determining both the volume and terms of lending.
There was deregulation of interest rates which aimed at promoting financial
savings and growth of the organized financial system.
Because of the lowering of entry barriers, competition has significantly increased
since the beginning of the1990s. Seven new private banks entered the market
between 1994 and 2000. In addition, over 20 foreign banks started operations in
India since 1994.
After the episodes of nationalization and liberalization, the next stage for the
Indian banking had been setup with the proposed relaxation in the norms for
Foreign Direct Investment, where all Foreign Investors in banks may be given
voting rights.

3. Bank Profile






ORISSA STATE CO-OPREATIVE BANK
History
The Orissa Provincial Co-operative Bank is one of the manifestations of the
great historical identity of Oriya people. Orissa province was formed on 1
st
April
1936. In April 1941 Bihar and Orissa provincial co-operative Bank was formed. A
few months after the formation of Orissa province the Orissa Co-operative Bank
was registered on 15
th
August 1936. It could not start its functions due to pending
of Govt. decision on the enquiry in to the conditions of co-operative movement
in Orissa. The name of Orissa Provincial Co-Operative Bank was changed to
Orissa State Co-operative Bank.
The Orissa State Co-operative Bank - It is a Scheduled Bank under RBI Act
was registered in the year 1948 as the Apex Bank of the short term Coop. Credit
structure of Orissa with an objective of Development of the agrarian economy of
Orissa by catching the credit equipment of the terms of the state. The OSCB had
made a humble beginning with a Share Capital of Rs. 1.76 Lakhs and a borrowing
of Rs.25.50 Lakhs to address the problem of farm credit dispensation. Now it has
17 Central Cooperative banks (CCB), 308 branches which in turns support 2817
Primary Agricultural Cooperative Societies (PACS) and having 42 Lakhs members.
History
Functions
Achievements
Objectives
Structure of OSCB

The bank is also impacting training facility on the subjects regarding co-operative
principals and activities among the employees of different types of co-operatives
in Agricultural co-operative staff training institutive (ACSTI).
The Orissa co-operative act was passed in 1962. As such registrar regulates
the functioning of societies. Auditing the accounts books part in managing
committee, but government was not directly involved in management affairs in
which registrar was regarded as friend, philosopher and guide for co-operative
movement. RBI and subsequently NABARD in 1983 are refinancing all type of firm
credit.
The Bank has assumed the role of leader of the Coop - Credit Structure to
develop the lower tiers to cope with the emerging challenges of banking activities.
The activities of OSCB are:
General Banking Business
Re-finance to the DCCB
Dispensation of farms credit
Production Credit
Functions
The Orissa State Co-operative Bank as the Apex level institution of the short term
Co-operative credit delivery system in the state is playing major role
strengthening DCCB/ ACS for the Socio- economic structure of Orissa.
ACHIEVEMENTS
1. Large network of 2817 PACS / LAMPS / FSS and 308 Branches of 17 Central
Co-operative Banks at the Block level.
2. 80% of agricultural families are covered / enrolled as members of PACS /
LAMPS / FSS.
3. Providing easy access to credit through 6.40 lakh Kisan Credit Cards issued to
the frames (13% of total KCC issued in the country).
4. Purveying 71 % of total agricultural credit (crop loan) disbursed in the State
Disbursed Rabi credit to the tune of Rs. 159 crores in cyclone affected area.
5. Disbursed crop loan of Rs.422.00 crores during 1999-2000 recording a
growth of 28% over previous year.
6. Total credit disbursement by ST Coop. structure was Rs.3.21 crores in 90-91
which raised 13 fold to the level of Rs.422.00 crores in 1999-2000.
7. Provided credit in 99-2000 for purchase of 277 tractors, 83 power tillers &
309 pump sets of which 255 tractors, 81 power tillers and 138 pump sets are
financed in cyclone hit area.
8. All the Branches and Extension Counters of the Bank are fully computerized
to provide efficient customer service. ATM facility is installed in the Main
Branch to provide any time Banking.
9. Agricultural inputs like fertilizer and pesticides supplied to the farmers in the
rural areas PACS level.
10. Extending banking service in the rural areas through 800 Mini Banks
operating at PACS level and mobilized rural deposit of 232.00 crores.
11. 22 Mihila Branches of Dist. Central Co-operative Banks functioning
exclusively to render banking service to the women folk.
12. Rs.900.00 crores deposits mobilized by 17 Central Cooperative Banks.
13. The Bank is running on profit for over five decades since its inception in
1948.
14. Progressively more societies are becoming viable by increasing their
business turnover through larger clientele coverage.
STRUCTURE OF OSCB






















Objectives
To improve agricultural sector of Orissa.
To finance the co-operative societies
To carry the banking business
Net worth exceeding 10 corers and deposits more then 1566 corers.
To improve the savings capacity in rural areas.
NABARD / RBI
OSCB
DISTRICT CENTRAL CO-OPERATIVE BANK
PRIMERY AGRICULTURAL CO-
OPERATIVE SOCIETIES (PACS)
LARGE SIZE ADIBASI
MULTIPURPOSE SERVICE
SOCIETY (LAMPS)
FARMERS SERVICES
SOCIETIES (FSS)
MEMBERS
4. Review of Literature












REVIEW OF LITERATURE
Sources of funds
Sources mean ways of collecting and increasing of funds. The ways are;
Funds from operation
The profit from operation of the business is the most important major
sources of funds. The main sources of inflow of funds into the business are
sale as they increase the current assets like cash debtor or bills receivables.
Issue of share capital
If there is any increase in share capital, whether preference or equity during
the year, it means that capital has been raised during the year. Issue of
share is a source of funds as it constitutes inflow of funds.
Issue of Debenture and raising of loans,etc.
A flow of funds results when there is an issue of debentures or raising of
loans (long-term) whether secured or unsecured. The inflow of funds is the
actual proceeds from the issue of such debentures or raising of such loans
i.e. including the amount of premium or excluding discount, if any.


Sources of funds
Uses of funds
Sources and uses of
funds of OSCB
Non-Trading Receipts
Any non- trading receipt like refund of tax, recent received, dividend
received, etc. also increases funds and is treated as a sources of funds
because such as income is not include in the funds from operations.
Uses of funds
Uses means application of funds.
Funds lost in operation
The result of trading, sometimes, in a certain year is a loss and some funds
are lost during the period in trading operation. Such loss of funds in trading
is treated as an application of funds as it amounts to an outflow of funds.
Redemption of preference share capital
If there is redemption of preference share during the year, it will result in
an application of funds as it amount to an outflow of funds. it is the net
amount paid when the shares are redeemed at discount or premium.
Repayment of loans or redemption of debentures, etc.
The redemption of debentures or repayment of loans also constitutes an
application of funds in the same way as redemption of preference share
capital.
Purchase of any non-current or fixed assets
If any non-current or fixed assets like land, building, plant & machinery,
furniture, long term investment, etc. are purchased, it amounts to an
outflow of funds.


Payment of dividends and taxes
Payment of dividends and taxes are also applications of funds as it amounts
to an outflow of funds. It is not the mere declaration of dividend or creating
of a provision for taxation but the actual payment of dividend (may be
interim dividend) and tax which should be taken as an outflow of funds.
Sources and uses of funds of O.S.C.B
Sources
The main sources of bank are;
Paid up capital
reserves
Deposits
Borrowings
Funds from operation (profit)
Uses
The main purposes of using the funds are
Redemption of preference shares
Redemption of debentures
Payment of dividend and taxes
Distribution of loans and advances
Investments
Short term crop loans

5. Sources and uses of funds of OSCB





















Sources of funds of last 3 years
The Orissa State Co-operative Bank has made strides in many key areas and
achieved all targets setup in the Development Action Plan (DAP). The funds
comprising of paid of capital and resource, deposit and borrowing are the main
resource of the bank. A Major chunk of this resource is deployed under the loans
and advances to the affiliated central Cooperative Banks, Member society and
individuals for different purpose under farm and non-farm sectors.
The Statutory investment requirement under RBI Act and BR Act are met by
investment in Central/State Governance Securities and others approved trustee
securities, seasonal investible surpluses are deployed in call and short term
deposits with commercial banks, to maximize as yield on assets.
Sources of funds
Paid up share capital
Reserves
Owned fund
Deposits
Borrowings
Net profits
Uses of funds
Distribution loans and
advances
Investment
Dividend
Seasonal crop loans

Besides remaining vigilant over judicious deployment of funds, the banks is
also making concerted efforts to bring down the level of non earning assets of the
banks and increase the financial margin.


DIAGRAM 1:-SOURCES OF FUNDS
Paid up capital
(Rs. In Lakhs)
particulars As on 31.03.09 As on 31.03.10 As on 31.03.11
Amount(Rs) % Amount(Rs.) % Amount(Rs.) %
State Govt. 1,697.72 26.37 1,697.72 24.33 1,697.72 23.79
Central coop. bank 4,611.72 71.63 5,125.53 73.46 5,276.58 73.93
Apex coop. societies 34.33 0.53 34.33 0.49 34.35 0.48
Other coop. societies 57.17 0.90 82.27 1.18 91.59 1.28
Nominal members 37.02 0.57 36.99 0.54 37.31 0.52
Total 6,437.98 100.00 6,976.86 100.00 7,137.58 100.00
TABLE 1:- PAID UP CAPITAL FOR 3 YEARS

The table shows that the paid up share capital of the bank stood at
7137.58 Lakhs. The share amount of the state Government is remaining constant
at Rs.1697.72 during these 3 years. But the amount of paid up share capital of
central co-operative banks increasing frequently. Like State Government, The
share capital of Apex Co-operative Societies also remains constant at Rs. 34.33
Lakhs. The share of nominal members at first decreased during the year of 2009-
10. But it again increased during the year 2010-11. Most of the amount of paid up
share capital is cones from Central Co-operative Banks and State Government.


DIAGRAM 2:- PAID UP CAPITAL FOR 3 YEARS
Reserves
(Rs. In Lakhs)
Types of reserves 2008-09 2009-10 2010-11
Statutory reserve fund 2,180.82 2,673.56 2,902.58
Agri. Credit stabilization fund 4,042.61 4,512.89 4,751.65
Other reserves 12,269.04 12,987.42 13,875.93
Total 18,492.04 20,173.87 21,530.16
TABLE 2:- RESERVES FOR 3 YEARS
Reserves means amount of money appropriated out of profit and not
meant to cover up liability, contingency, commitment or reduction in value of an
asset is a reserve. Amount of reserves increases every year. Bank increases its
reserves for increasing its liquidity. During the year 2008-09, reserve stood at Rs.
18492.04 Lakhs. Again it increases 9.09% and 6.72% during the year 2009-10 and
2010-11 respectively.

DIAGRAM 3:- RESERVES FOR 3 YEARS


Owned fund
(In Lakhs)
Year 2008-09 2009-10 2010-11
Owned fund 24930.45 27150.73 28667.74
TABLE 3:- OWNED FUNDS FOR 3 YEARS
Owned funds means funds from the shareholders. Banks owned fund
is increasing each year rapidly. Owned fund stood at Rs.24930.45 during the
year 2008-09. Again it increased to Rs. 27150.73 in the year 2009-10.it again
increased to Rs. 28667.74 in the year 2010-11.



DIAGRAM 4:- OWNED FUND FOR 3 YEARS
Deposits

(Rs. In Lakhs)
Types of deposits 2008-09 2009-10 2010-11
Current deposits 2,736.81 4,373.13 6,594.41
Savings Bank Deposits 4,776.92 6,944.62 6,811.59
Term Deposits 1,13,802.25 1,18,268.48 1,43,220.80
Total 1,21,315.98 1,29,586.23 1,56,626.80
TABLE 4:- DEPOSITS FOR 3 YEARS

During the year 2010-11, total deposits increased to Rs.156626.80 Lakhs i.e.
20.86 % increased. It is possible due to computerized operation system including
ATM and 24*7 anywhere/anytime banking. Total deposits consisting of 4.21%
current deposits, 4.34% savings bank deposits and remaining 91.45% term
deposits. It is possible due to location of branches at urban areas and commercial
banks having ATM facilities through the country attracting the depositors to keep
their deposits with them.


DIAGRAM 5:- DEPOSITS FOR 3 YEARS


Borrowings
(Rs. In Lakhs)
particulars 2008-09 2009-10 2010-11
NABARD Borrowings 91,508.54 99,924.46 1,36,500.46
Loan form State Govt. 425.63 229.79 92.79
Loan from NCDC/SIDBI/Other inst. 3,500.00 24,982.12 30,000.00
Grand Total 95,434.17 1,25,141.37 1,66,593.25
TABLE 5:- BORROWING FOR LAST 3 YEARS

Generally, bank takes borrowings from NABARD, State Government
including World Bank assistance, NCDC, SIDBI, AND other institutions. It takes 3
types of borrowings. They are; short term, medium term and long terms. It takes
most borrowings from NABARD i.e. 80-85%. Total borrowings stands at
Rs.91508.54 Lakhs. It increased at 9.197% and 36.60% during the year 2009-10
and 2010-11 respectively.



DIAGRAM 6:- BORROWINGS FOR 3 YEARS


Borrowings from NABARD for weavers
(Rs. In Lakhs)
Year 2008-09 2009-10 2010-11
Amount 1370.13 910.21 582.62
TABLE 6:- BORROWINGS FOR WEAVERS

OSCB also collects funds from NABARD for financing loans to weavers
co-operative societies for production and marketing of handloom fabrics.
During the year 2010-11 NABARD sanctioned Rs.582.62 on behalf three
CCBs. Weavers are diversifying their profession due to less demand in their
products. so the sanctioning amount also decreasing year by year.



DIAGRAM 7:- BORROWINGS FOR 3 YEARS

Net profit

(In Lakhs)
YEAR 2008-09 2009-10 2010-11
NET PROFIT 1,969.39 916.03 972.32
TABLE 7:- NET PROFIT FOR 3 YEARS
The above table shows that the profit of the bank is Rs.1969.39 Lakhs
during the year 2008-09. But the profit decreased to Rs. 916.03 Lakhs i.e. 53.487
%. This loss incurred due to non-payment of loans provided to the farmers and
decreased rate of interests. Despite of tremendous pressure on profitability of the
bank due to Government policy to advance crop loans at 7 % and non-receipt of
required interest subvention in time, the profit of the firm increase to 972 Lakhs
during the year 2010-11.



DIAGRAM 8:- NET PROFIT FOR 3 YEARS

USES OF FUNDS
Distribution of loans and advances
(In Lakhs)
YEAR 2008-09 2009-10 2010-11
LOANS AND ADVANCES 16,822.52 2,554.07 6,876.53
Table 8:- DISTRIBUTION OF LOANS AND ADVANCES

Loans and advances constitute 54% of the total assets of the bank.
Aggregate loans and advances under different sectors as on 31.03.11 stood at
200637.75 Lakhs and it stood at 28244.08 Lakhs and 49478.62 Lakhs during the
year 2009-10 and 2010-11 respectively. It provides short term medium term and
long term loans and advances. During the year 2008-09, it increased at 32 %. But it
decreased at 1.5 % during the year 2009-10 due to decrease in profitability of the
firm. It again shows a positive attitude i.e. 3.55% growth during the year 2010-11.



DIAGRAM 9:- LOANS AND ADVANCES

Investments

(In Lakhs)
Types of investment 2008-09 2009-10 2010-11
Investment in State/Central
Government
57,562.24 54,554.24 53,690.13
Other Trustee Securities 1,834.00 2,034.00 2,684.00
Share in Coop institutions 13.20 13.20 13.20
Other investment 11,735.84 21,997.44 86,846.68
Total 71,145.28 78,598.88 1,43,234.01
Table 9:- INVESTMENT FOR 3 YEARS

Bank mainly invests in central and state Government Securities. Investment
is increasing each year. Total investment is Rs. 71148.28 Lakhs during the year
2008-09. It again increased at 10.48% and 82.23% during the year 2009-10 and
2010-11 respectively. For maximizing the profitability of the bank it has invested
more money during the year 2010-11.



DIAGRAM 10:- INVESTMENT FOR 3 YEARS

Dividends
(In Percentage)
Year 2008-09 2009-10 2010-11
dividend 7.00 2.75 4.50
Table 10:- DIVIDEND FOR 3 YEARS

During the year 2008-09, bank has given 7.00% dividend. But it decreased
to 2.75% during the year 2009-10. It again increased to 4.50% in the year 2010-11.
Due to decrease in net profit, bank unable to maintain its dividend rate during the
year 2009-10. As the profitability of the bank increased so bank again provides a
good rate of dividend i.e. 4.50% during the year 2010-11.

DIAGRAM 11:- DIVIDEND FOR 3 YEARS




Seasonal crop loan
(In Lakhs)

year
Distributed during the year
Khariff Rabi Total
2008-09 76435.27 63017.60 139452.87
2009-10 83746.70 72169.68 155916.38
2010-11 89923.90 60249.94 150173.84
Table 11:- SEASONAL CROP LOANS

Generally bank deals with two types of seasonal loans. They are Khariff and
Rabi. During the year 2010-11 total loan decreased to 150173.84 Lakhs. It is
occurred due to Cheques presented by KCC holders for withdrawn of loans is
honored by CBB, whether loan is achieved or not otherwise a wrong message
would go to the customer about the financial condition of the bank.



Table 12:- SEASONAL CROP LOANS



6. Conclusions and suggestions








CONCLUSIONS
In paid up share capital, percentage of state Govt. share is decreasing every
year on the other hand, the share capital of central co-operative banks
increasing. During the year 2010-11, the share of nominal members also
increased.
Bank able to maintain reserves as per the provisions of the Orissa State Co-
operative Societies Act during the year 2010-11.
In deposit section, term deposit covers 91.45%. During the year 2010-11, term
deposit and current deposit increased. But savings deposit lost its position.
As it is an agricultural bank, so it mainly depends on NABARD for lending loans.
For meeting grass root level demand, bank borrows money from NABARD,
State Govt., SIDBI, NCDC and other institutions.
During the year 2010-11, the net profit increased to Rs. 972.32 Lakhs in the
tremendous financial crises.
As per NABARD instructions, the quantum of dividend limits to 2.5%, during
the year 2010-11. But by the approval of registrar, cooperative societies in
terms of said NABARD circulate to release such norms, have proposed
payment of dividend of 4.5% during the year 2010-11.
Conclusions
Suggestions

Due to industrialization and mismanagement, the demand for handloom
products decreased. As a result, the amount sanctioned towards the weavers is
decreased every year.
For maximizing yields, bank takes investment plans. At first, bank invests
money in purchasing Govt. securities for safety and profitability. In the year
2010-11, it it makes more other investments like gold, commercial papers and
other instruments in the nature of shares, debentures and bonds for getting
more profits.
Bank mostly provides Khariff Season Crop Loan rather then Rabi Season Crop
Loan, because most areas of Orissa are having no irrigation facility. As a result,
agricultural work is not possible in this season.
SUGGESTIONS
For increasing deposits, bank should concentrate on rural banking because
rural Orissa is not covered by banking system. Bank should open more
computerized core banking branches at different areas of Orissa and should
open ATMs for competing with other banks.
As bank loans 80% covers crop loan and there is no certainty in rein due to
global worming, so bank should provide medium term and long term water
storage projects. As a result, people of areas having no irrigation facilities can
take advantages of this loan facility.
As financial crises are going on, so bank should invest money in purchasing
Govt. securities rather then investing in share market.
Now-a-days farmers are diversifying their business from agriculture to other
sectors and opens small business units for getting some profit. So bank should
also provide loan facilities to small traders. Then income from interest can be
increased.
The number of self help group also increasing these days. They are also having
good business. So bank should also give special attention towards these groups.
The financial position of the primary weavers co-operative societies is going to
be ruined. As a result, the entire outstanding will be added to the non-
performing assets. So bank should provide some financial help to implement
recapitalization plan.

7.A. APPENDIX A










Orissa State Coop. Bank Limited
Profit & Loss Account for the period ending 31.03.2009

Amount ( Rs. ) Particulars Amount ( Rs. ) Amount ( Rs. )
Previous Year EXPENDITURE

1. Interest paid on Deposits & Borrowings
469,081,274.50 a. Interest paid on borrowings 567,302,301.80
751,151,488.42 b. Interest paid on deposits 828,634,953.78
1,220,232,762.92 1,395,937,255.58

85,390,761.49 2. Salary & Allowances 94,960,048.95 94,960,048.95

3. Director & Local Committee members
fees and allowances
279,430.00 Directors & Local Committee member fees & all. 215,659.00 215,659.00

22,933,643.90 4. Rent, Taxes, Insurance & Lighting etc. 14,894,381.83 14,894,381.83

1,182,851.80 5. Law Charges, Legal Expenses 1,241,822.90 1,241,822.90

6. Postage, Telegram & Telephone Charges
205,112.84 a. Postage & Telegram 199,008.00
1,918,007.39 b. Telephone rent & charges 1,391,329.13
2,123,120.23 1,590,337.13
Profit and Loss Account of
O.S.C.B : 2007-08
Balance Sheet of O.S.C.B :
2007-08
Profit and Loss Account of
O.S.C.B : 2008-09
Balance Sheet of O.S.C.B :
2008-09


139,142.00 7. Audit Fees 159,142.00 159,142.00

8. Depreciation & Repair to Property
6,411,990.15 a. Repair & Maintenance 4,562,913.32
9,094,744.65 b. Depreciation 13,402,019.94
15,506,734.80 17,964,933.26

9. Loss for sale of or dealing with
non-banking assets

Orissa State Coop. Bank Limited
Profit & Loss Account for the period ending 31.03.2010

Amount ( Rs. ) Particulars Amount ( Rs. ) Amount ( Rs. )
Previous Year EXPENDITURE

4,396,905.75 10.Stationary,Printing & Advertisement 3,447,826.96 3,447,826.96

64,732,513.46 11.Other Expenditures 119,142,242.98 119,142,242.98

196,939,397.82 12. Balance of Profit 91,603,261.57 91,603,261.57

1,613,857,264.17 1,741,156,912.16
INCOME
Amount ( Rs. ) Particulars Amount ( Rs. ) Amount ( Rs. )
Previous Year

1,531,505,271.67 1. Interest & Discount 1,691,129,945.33 1,691,129,945.33

4,376,364.23 2. Commission, Exchange & Brokerage 8,295,349.24 8,295,349.24

3. Subscription & Donation

4. Income from Non-Banking Assets and
profit from sale of or dealing with such assets

77,975,628.27 5. Other Receipts 41,731,617.59 41,731,617.59

1,613,857,264.17 1,741,156,912.16


Orissa State Coop. Bank Limited
Balance Sheet as on 31.03.2010
Capital & Liabilities
Amount ( Rs. ) Particulars Amount ( Rs. ) Amount ( Rs. )
Previous Year

1. Share Capital
i. Authorized Capital
( Rs.100 Crores ) 9,00,000 shares of

Rs.1000/-each and 10,00,000 Nominal
Shares @ Rs.100/- each.
ii. Amount Called and Paid Up
470,322,075.00 a. Co-op. Institution 524,213,375.00
169,772,000.00 b. State Govt. 169,772,000.00
2,300.00 c. Other Institutions 2,300.00
1,549,550.00 d. Individuals 1,549,550.00
2,152,300.00 e. Nominal Share 2,148,700.00
643,798,225.00 697,685,925.00

2. Reserve Fund & Other Reserves
218,081,861.90 I. Statutory reserve fund 267,356,451.72
404,261,007.99
ii. Agrl.Credit Stabilisation fund including
State Govt Loan 451,288,813.99
73,518,789.08 iii. Building Fund 93,518,789.08
739,249.75 iv. Dividend Equalisation Fund 939,249.75
840,089,000.00
v. Bad Debt reserve fund(including NPA
provision of Rs.736161000.00) 840,089,000.00
282,883,785.00
vi. Investment depreciation reserve(prov.
Rs.53069000.00 as decline value) 329,883,785.00
5,407.72
vii. Special Bad Debt Reserve Fund
including Risk Fund 5,407.72
viii. Other Funds
280,500.00 a. Charitable Fund/ Common Good Fund 280,500.00
13,879,961.62 b. Development Fund (Staff) 14,179,961.62
8,519,966.86
c. Cooperative Development Fund &
Technology Upgradation Fund 11,819,966.86
6,977,721.00 d. Coop. Education Fund 7,877,576.00
9,463.00 e. Staff Welfare Fund 147,825.00
1,849,246,713.92 2,017,387,326.74

0.00
3. Principal Subsidiary and State
Partnership Fund 0.00

4. Deposits & Other a/c
I. Fixed Deposits
3,358,897,979.53 a. Individual & others 3,342,849,956.41
6,721,270,723.00 b. Central Co-op. Banks 6,782,390,996.00
1,082,932,092.57 c. Primary Coop. Banks 1,279,000,206.31
217,124,527.19 d. Other Co-op. Institutions 422,606,748.69
11,380,225,322.29 11,826,847,907.41
II. Saving Bank Deposit
452,558,395.59 a. Individuals 671,593,517.66
85,850.21 b. Central Co-op. Banks 89,932.21
7,242,213.48 c. Primary Coop. Banks 5,481,758.48
17,805,878.92 d. Other Co-op. Institutions 17,297,130.01
477,692,338.20 694,462,338.36
III. Current Deposits
25,244,544.02 a. Individuals 39,382,410.54
177,225,318.53 b. Central Co-op. Banks 339,675,491.43
31,516,231.53 c. Primary Coop. Banks 28,828,016.76
39,021,578.31 d. Other Co-op. Institutions 28,753,486.59
673,156.36 e. Matured Fixed Deposits 673,156.36
273,680,828.75 437,312,561.68
12,131,598,489.24 Total of Deposits and other Accounts 12,958,622,807.45

5. Borrowings
I. Form RBI/NABARD
4,924,479,000.00 a. Short term loans ( Sch-V ) 5,658,399,000.00
3,045,867,400.00 b. Medium Term Loans ( Sch-VI ) 2,935,393,200.00
1,180,507,200.00 c. Long Term Loans ( Sch.VII) 1,399,153,800.00
9,150,853,600.00 Total of RBI / NABARD 9,992,946,000.00
II. From State Govt.
37,855,340.00 a. Borrowing from State Government 18,271,450.00
4,707,964.00 b.World Bank Asst. Fishery Project 4,707,964.00
42,563,304.00 22,979,414.00
III. From Other Institutions
350,000,000.00 a. Loan from Other Institutions 2,498,211,388.89 2,498,211,388.89
9,543,416,904.00 Total of Borrowings 12,514,136,802.89


6. Bills for Collection being the bills
receivable as per contra
11,553,760.84
Bills for Collection being the bills
receivable as per contra 3,813,252.31 3,813,252.31

7. Adjusting Head
a. Branch Adjustment 0.00

508,511,000.00 8. Over Due Interest Reserve 554,822,000.00 554,822,000.00

9. Interest Payable
30,457,930.00 a. Interest payable on Borrowing 55,567,006.00
719,460,745.00 b. Interest payable on Deposit 449,447,450.00
749,918,675.00 505,014,456.00

10.Other Liabilities
46,462.50
a. Unclaimed dividend & Dividend
payable 76,464.50
13,188,772.71 b. Pay order 18,269,900.22
220,764.00 c. Share Application 4,320,857.00
19,615,699.78 d. Provision 5,758,405.78
40,616,109.69 e. Suspense Payable 39,408,030.73
56,286,664.69 f. Sundry Creditor 56,270,703.69
19,605.00 g. Form Account 7,645.20
0.00 h. Clearing Adjustment
2,282,336.00 I. Outstanding Charges Payable 13,270,206.00
5,699,883.31 j. D.D.Payable 14,252,307.71
116,000.00 k. Audit fee payable to Govt. 136,000.00
138,092,297.68 151,770,520.83

11.Profit & Loss
0.00 a. Profit as per last Balance Sheet
196,939,397.82 b. Add profit for the period 91,603,261.57 91,603,261.57
196,939,397.82
25,773,075,463.50 TOTAL 29,494,856,352.79

OFF BALANCE SHEET ITEM
16,077,160.00
Acceptance, Endorsement & Other
Obligation 16,073,860.00 16,073,860.00

29,510,930,212.79
25,789,152,623.50 0.00


Orissa State Coop. Bank Ltd.
Balance Sheet as on 31.03.2010
Properties & Assets

Amount ( Rs. ) Particulars Amount ( Rs. ) Amount ( Rs. )

1. Cash
747,205,922.97
in hand and with RBI/SBI/Other Banks
(notified) 1,095,019,529.56 1,095,019,529.56

2. Balance with Other Banks
9,458,795.39
a. Current Account with Other Banks (
other than Notified ) 5,219,215.66
10,000,000.00 b. Fixed Deposit with Other Banks 0.00
19,458,795.39 5,219,215.66

3. Money at Call & Short Notice
368,000,000.00 a. ST Deposits with Approved Banks 885,000,000.00
788,748,608.42 b. Other Institutions 1,307,908,958.42
1,156,748,608.42 2,192,908,958.42

4. Investments
2,618,803,000.00
a. Investment in Govt. Securities for
Trading 2,151,138,000.00
3,137,420,600.00
b. Investment in Central / State Govt.
Securities 3,304,285,979.00
183,400,000.00 c. Investment in Other Trustee Securities 203,400,000.00
1,320,000.00 d. Share with Coop. Institutions 1,320,000.00
6,835,110.00 e. Share with Other Institutions 6,835,110.00
0.00 f. Constituent SGL A/C 0.00

5,947,778,710.00 5,666,979,089.00
5. Advances

A. Short term loan, cash credit and
overdraft

I). of which secured against Govt.
securities and other approved securities
9,953,454,725.20
ii). Other Tangible securities of the
advances due from individuals

11,718,654,490.94
373,102,326.49
iii). Other Tangible securities of the
advances due from individuals 449,182,938.06
10,326,557,051.69 12,167,837,429.00
B. M.T.Loans of which secured against

I). of which secured against Govt.
securities and other approved securities.

4,165,913,294.00
ii). Other Tangible securities of the
advances due from individuals 3,984,003,748.00
306,953,934.73
iii). Other Tangible securities of the
advances due from individuals 501,771,393.33
4,472,867,228.73 4,485,775,141.33
C. L.T.Loans of which secured against

I). of which secured against Govt.
securities and other approved securities
.
566,115,164.92
ii). Other Tangible securities of the
advances due from individuals 538,399,968.52

1,452,101,836.17
iii). Other Tangible securities of the
advances due from individuals 2,179,861,156.51
2,018,217,001.09 2,718,261,125.03
4,410,867.74 D. Gold Loan 4,251,114.58 4,251,114.58
16,822,052,149.25 Total of Loans & Advances 19,376,124,809.94

6. Interest Receivable
728,766,109.73
A. Interest receivable on Loans &
Advances 838,052,784.85
148,938,295.00 B. Interest Receivable on Investment 140,050,576.00
877,704,404.73 978,103,360.85

11,553,760.84
7. Bills receivable being the bills lodged as
per contra 3,813,252.31 3,813,252.31

8. Adjusting Head
13,785,553.74 a. Branch Adjustment 1,498,320.86 1,498,320.86

30,432,571.89 9. Premises 33,528,111.85 33,528,111.85

10.Furniture & Fixture less depreciation
40,988,885.42 Furniture & Fittings 37,170,507.19 37,170,507.19

11.Other assets
109,136.43 a. Library 128,198.26
759,852.43 b. Stationery in Stock 1,050,158.76
501,044.92 c. Vehicle Account 1,059,112.27
17,110,471.24 d. Suspense Recoverable 20,898,765.03
660,364.00 e. House rent Receivable 660,364.00
14,945,576.00 f. Clearing Adjustment 15,890,387.00
15,669,865.54 g. Cheque/ Bills Purchase account 9,097,762.54
16,743,011.00 h. Income Tax refund receivable 16,743,011.00
1,259.00 I. Unspent Postage 1,271.00
2,162,365.61 j. Audit & Other Recoveries 2,162,365.61
k. Form Account 0.00
1,387,813.00 l. D.D. Ex-advice 1,387,813.00
m. D.D.Issuing Bank 0.00
35,315,341.68 n. Sundry Debtors 35,411,988.68
0.00 o. DD Inter Branch
105,366,100.85 104,491,197.15


12. Non-Banking Assets Acquired in
satisfaction of claims

Non-Banking Assets Acquired in
satisfaction of claims

13. Profit & Loss
25,773,075,463.50 TOTAL 29,494,856,352.79

OFF BALANCESHEET ITEM

16,077,160.00
Constituent's Liabilities, Acceptance,
Endorsement & Other Oblig. 16,073,860.00 16,073,860.00


25,789,152,623.50 29,510,930,212.79

Orissa State Coop. Bank Limited
Profit & Loss Account for the period ending 31.03.2011

Amount ( Rs. ) Particulars Amount ( Rs. ) Amount ( Rs. )
Previous Year EXPENDITURE


1. Interest paid on Deposits &
Borrowings
567,302,301.80 a. Interest paid on borrowings 625,692,394.99
828,634,953.78 b. Interest paid on deposits 1,116,429,224.03
1,395,937,255.58 1,742,121,619.02

94,960,048.95 2. Salary & Allowances 144,470,099.70 144,470,099.70


3. Director & Local Committee
members fees and allowances
215,659.00
Directors & Local Committee
member fees & all. 577,892.96 577,892.96

14,894,381.83
4. Rent, Taxes, Insurance & Lighting
etc. 18,936,824.89 18,936,824.89

1,241,822.90 5. Law Charges, Legal Expenses 1,206,672.00 1,206,672.00


6. Postage,Telegram & Telephone
Charges
199,008.00 a. Postage & Telegram 275,736.00
1,391,329.13 b. Telephone rent & charges 1,735,243.47
1,590,337.13 2,010,979.47

159,142.00 7. Audit Fees 331,484.00 331,484.00


8. Depreciation & Repair to
Property
4,562,913.32 a. Repair & Maintenance 5,014,537.75
13,402,019.94 b. Depreciation 12,187,339.93
17,964,933.26 17,201,877.68

9. Loss for sale of or dealing with
non-banking assets




Orissa State Coop. Bank Limited
Profit & Loss Account for the period ending 31.03.2011

Amount ( Rs. ) Particulars Amount ( Rs. ) Amount ( Rs. )
Previous Year EXPENDITURE

3,447,826.96
10.Stationary,Printing &
Advertisement 3,529,339.49 3,529,339.49

119,142,242.98 11.Other Expenditures 79,578,931.58 79,578,931.58

91,603,261.57 12. Balance of Profit 97,231,865.85 97,231,865.85

1,741,156,912.16 2,107,197,586.64
INCOME
Amount ( Rs. ) Particulars Amount ( Rs. ) Amount ( Rs. )
Previous Year

1,691,129,945.33 1. Interest & Discount 2,085,494,315.36 2,085,494,315.36

8,295,349.24
2. Commission, Exchange &
Brokerage 10,936,979.41 10,936,979.41

3. Subscription & Donation


4. Income from Non-Banking Assets
and profit from sale of or dealing
with such assets

41,731,617.59 5. Other Receipts 10,766,291.87 10,766,291.87

1,741,156,912.16 2,107,197,586.64







Orissa State Coop. Bank Limited
Balance Sheet as on 31.03.2011
Capital & Liabilities

Amount ( Rs. ) Particulars Amount ( Rs. ) Amount ( Rs. )
Previous Year

1. Share Capital
i. Authorized Capital

( Rs.100 Crores ) 9,00,000
shares of


Rs.1000/-each and 10,00,000
Nominal Shares @ Rs.100/- each.

ii. Amount Called and Paid Up
524,213,375.00 a. Co-op. Institution 540,252,250.00
169,772,000.00 b. State Govt. 169,772,000.00
2,300.00 c. Other Institutions 2,800.00
1,549,550.00 d. Individuals 1,549,550.00
2,148,700.00 e. Nominal Share 2,181,700.00
697,685,925.00 713,758,300.00


2. Reserve Fund & Other
Reserves
267,356,451.72 I. Statutory reserve fund 290,257,971.29
451,288,813.99
ii. Agrl.Credit Stabilisation fund
including State Govt Loan
475,164,858.26
93,518,789.08 iii. Building Fund 93,518,789.08
939,249.75 iv. Dividend Equalisation Fund 939,249.75
840,089,000.00
v. Bad Debt reserve
fund(including NPA provision of
Rs.736161000.00)
754,929,000.00
329,883,785.00
vi. Investment depreciation
reserve(prov. Rs.53069000.00 as
decline value)
519,412,785.00
5,407.72
vii. Special Bad Debt Reserve
Fund including Risk Fund
5,407.72
viii. Other Funds
280,500.00
a. Charitable Fund/ Common
Good Fund
280,500.00
14,179,961.62 b. Development Fund (Staff) 14,179,961.62
11,819,966.86
c. Cooperative Development
Fund & Technology Upgradation
Fund
318,966.86
7,877,576.00 d. Coop. Education Fund 3,664,130.00
147,825.00 e. Staff Welfare Fund 344,291.60
2,017,387,326.74

2,153,015,911.18



0.00
3. Principal Subsidiary and State
Partnership Fund
0.00




4. Deposits & Other a/c
I. Fixed Deposits
3,342,849,956.41
a. Individual & others
4,544,354,333.41
6,782,390,996.00
b. Central Co-op. Banks
7,710,430,635.00
1,279,000,206.31
c. Primary Coop. Banks
1,623,822,601.93
422,606,748.69
d. Other Co-op. Institutions
443,472,525.14
11,826,847,907.41 14,322,080,095.48
II. Saving Bank Deposit
671,593,517.66 a. Individuals 626,521,372.51
89,932.21 b. Central Co-op. Banks 21,953.21
5,481,758.48 c. Primary Coop. Banks 6,617,528.48
17,297,130.01 d. Other Co-op. Institutions 47,997,960.82
694,462,338.36 681,158,815.02
III. Current Deposits
39,382,410.54 a. Individuals 52,849,483.99
339,675,491.43 b. Central Co-op. Banks 526,488,352.51
28,828,016.76 c. Primary Coop. Banks 61,463,470.32
28,753,486.59 d. Other Co-op. Institutions 17,966,877.86
673,156.36 e. Matured Fixed Deposits 673,156.36
437,312,561.68 659,441,341.04
12,958,622,807.45
Total of Deposits and other
Accounts
15,662,680,251.54

5. Borrowings
I. Form RBI/NABARD
5,658,399,000.00 a. Short term loans 8,878,069,000.00
2,935,393,200.00 b. Medium Term Loans 2,722,643,500.00
1,399,153,800.00 c. Long Term Loans ( Sch.VII) 2,049,333,100.00
9,992,946,000.00 Total of RBI / NABARD 13,650,045,600.00
II. From State Govt.
18,271,450.00
a. Borrowing from State
Government 4,571,284.00
4,707,964.00
b.World Bank Asst. Fishery
Project 4,707,964.00
22,979,414.00 9,279,248.00


III. From Other Institutions
2,498,211,388.89
a. Loan from Other
Institutions 3,000,000,000.00 3,000,000,000.00
12,514,136,802.89 Total of Borrowings 16,659,324,848.00


6. Bills for Collection being the
bills receivable as per contra

3,813,252.31
Bills for Collection being the
bills receivable as per contra
4,173,480.78 4,173,480.78

7. Adjusting Head
a. Branch Adjustment 0.00

554,822,000.00 8. Over Due Interest Reserve 483,003,000.00 483,003,000.00

9. Interest Payable
55,567,006.00
a. Interest payable on
Borrowing 63,479,963.00
449,447,450.00
b. Interest payable on
Deposit 852,878,184.00
505,014,456.00 916,358,147.00

10.Other Liabilities
76,464.50
a. Unclaimed dividend &
Dividend payable 88,255.50
18,269,900.22 b. Pay order 23,145,870.61
4,320,857.00 c. Share Application 9,336,087.00
5,758,405.78 d. Provision 5,758,405.78
39,408,030.73 e. Suspense Payable 48,692,854.87
56,270,703.69 f. Sundry Creditor 56,153,221.20
7,645.20 g. Form Account
h. Clearing Adjustment 919,829.23
13,270,206.00
I. Outstanding Charges
Payable 2,827,000.00
14,252,307.71 j. D.D.Payable 8,954,518.18
136,000.00 k. Audit fee payable to Govt. 270,000.00
151,770,520.83 156,146,042.37

11.Profit & Loss
0.00
a. Profit as per last Balance
Sheet
91,603,261.57 b. Add profit for the period 97,231,865.85 97,231,865.85
91,603,261.57
29,494,856,352.79 TOTAL 36,845,691,846.72
OFF BALANCE SHEET ITEM
16,073,860.00
Acceptance, Endorsement
& Other Obligation 15,216,233.00 15,216,233.00
36,860,908,079.72
29,510,930,212.79 0.00

Orissa State Coop. Bank Ltd.
Balance Sheet as on 31.03.2011
Properties & Assets

Amount ( Rs. ) Particulars Amount ( Rs. ) Amount ( Rs. )

1. Cash
1,095,019,529.56
in hand and with RBI/SBI/Other
Banks (notified)
1,389,999,078.42 1,389,999,078.42

2. Balance with Other Banks
5,219,215.66
a. Current Account with Other
Banks ( other than Notified )
9,127,364.90
0.00
b. Fixed Deposit with Other Banks
0.00
5,219,215.66 9,127,364.90

3. Money at Call & Short Notice
885,000,000.00
a. ST Deposits with Approved
Banks
7,629,000,995.00
1,307,908,958.42 b. Other Institutions 1,048,831,825.00
2,192,908,958.42 8,677,832,820.00

4. Investments
2,151,138,000.00
a. Investment in Govt. Securities
for Trading
2,091,138,000.00
3,304,285,979.00
b. Investment in Central / State
Govt. Securities
3,277,874,828.00
203,400,000.00
c. Investment in Other Trustee
Securities
268,400,000.00
1,320,000.00 d. Share with Coop. Institutions 1,320,000.00
6,835,110.00 e. Share with Other Institutions 6,835,110.00
0.00 f. Constituent SGL A/C 0.00
5,666,979,089.00 5,645,567,938.00

5. Advances

A. Short term loan, cash credit
and overdraft


I). of which secured against
Govt. securities


and other approved
securities.

11,718,654,490.94
ii). Other Tangible securities of
the advances due from individuals
13,492,257,683.66
449,182,938.06
iii). Other Tangible securities of
the advances due from individuals
478,794,162.84
12,167,837,429.00 13,971,051,846.50

B. M.T.Loans of which secured
against


I). of which secured against
Govt. securities


and other approved
securities.

3,984,003,748.00
ii). Other Tangible securities of
the advances due from individuals
2,270,673,167.00
501,771,393.33
iii). Other Tangible securities of
the advances due from individuals
547,858,359.76
4,485,775,141.33 2,818,531,526.76

C. L.T.Loans of which secured
against


I). of which secured against
Govt. securities and other approved
securities.

ii). Other Tangible securities of
the advances due from individuals

538,399,968.52

518,658,784.65
2,179,861,156.51
iii). Other Tangible securities of
the advances due from individuals
2,748,183,557.44
2,718,261,125.03 3,266,842,342.09
4,251,114.58 D. Gold Loan 7,349,503.58 7,349,503.58
19,376,124,809.94 Total of Loans & Advances 20,063,775,218.93

6. Interest Receivable
838,052,784.85
A. Interest receivable on Loans &
Advances
696,788,069.52
140,050,576.00
B. Interest Receivable on
Investment
174,843,395.00
978,103,360.85 871,631,464.52


7. Bills receivable being the bills
lodged as per contra

3,813,252.31 4,173,480.78 4,173,480.78

8. Adjusting Head
1,498,320.86 a. Branch Adjustment 28,665,848.26 28,665,848.26

33,528,111.85 9. Premises 32,629,127.31 32,629,127.31


10.Furniture & Fixture less
depreciation

37,170,507.19 Furniture & Fittings 34,150,138.26 34,150,138.26

11.Other assets
128,198.26 a. Library 131,778.42
1,050,158.76 b. Stationery in Stock 1,096,042.53
1,059,112.27 c. Vehicle Account 856,526.96
20,898,765.03 d. Suspense Recoverable 21,029,433.80
660,364.00 e. Houserent Receivable 807,664.00
15,890,387.00 f. Clearing Adjustment
9,097,762.54
g. Cheque/ Bills Purchase account
9,102,314.54
16,743,011.00 h. Income Tax refund receivable 15,776,950.00
1,271.00 I. Unspent Postage
2,162,365.61 j. Audit & Other Recoveries 2,162,365.61
0.00 k. Form Account 364,894.80
1,387,813.00 l. D.D. Ex-advice 1,387,813.00
0.00 m. D.D.Issuing Bank 0.00
35,411,988.68 n. Sundry Debtors 35,423,563.68
o. DD Inter Branch
104,491,197.15 88,139,347.34


12. Non-Banking Assets Acquired in
satisfaction of claims


Non-Banking Assets Acquired in
satisfaction of claims


13. Profit & Loss
29,494,856,352.79 TOTAL 36,845,691,826.72

OFF BALANCESHEET ITEM

16,073,860.00
Constituent's Liabilities, Acceptance,
Endorsement & Other Oblig.
15,216,253.00 15,216,253.00


29,510,930,212.79 36,860,908,079.72

7.B.Appendix B





Appendix B
Abbreviations
OSCB- Orissa State Co-operative Bank
CCB- Central Co-operative Bank
CB- Core-Banking
PACS- Primary Agricultural Co-operative Societies
RBI- Reserve Bank of India
NABARD- National Agricultural Bank for Rural Development
DCCB- District Central CO-operative Bank
ACS Apex Co-operative Societies
LAMPS- Large Size Adibasi Multi Purpose Service Societies
FSS- Farmers Service Societies
SIDBI- Small Industries Development Bank of India
KCC- Kishan Credit Card
CBB- Core Banking Branches
SAO- Seasonal Agricultural Operation
HL- Hand Loom
ST- Short Term
LT- Long Term
MT- Medium Term
i.e. - That is
etc. et cetera
e.g. - for example
Abbreviations

Bibliography

Bibliography
Books referred
1. Financial Management { Prasanna Chandra, Tata McGraw Hill Publishing
Company, New Delhi}
2. Management Accounting { Sharma R.K. and Sashik Gupta, Kalyani Publisher, New
Delhi}
3. Corporate Accounting { S.P. Jain and K.L. Narang, Kalyani Publisher, New Delhi}
4. Financial Management { I M Pandey, Vikas Publishing House, New Delhi}
5. Financial Accounting { Lal Jawahar and Seema Srivastava, S. Chand and Ltd., New
Delhi}
6. Management of Indian Financial Institution { R M Srivastava and Divya Nigam,
Himalaya Publishing House, New Delhi}
7. Banking Theory(Law and Practice){ Gordon Natarajan, Himalaya Publishing House,
New Delhi}

Web Sites searched
http://www.google.com/
www.oscb.coop
www.yahoo.com
www.wikipidia.com
www.rbi.com
www.nabard.org