J.W.

SADHUBELLA GIRLS COLLEGE

ULHASNAGAR 421001.

NAME

: KHATRI KIRAN ASHOK

CLASS

: M.COM-1

ROLL NO :

18

SUBJECT :

FINANCIAL ACCOUNTING

TOPIC :

BANKING REGULATION &

ANNUAL REPORT OF
AXIS BANK

SEMESTER

: 1ST

GUIDANCE

: TARUNA MAKHIJA

ACADEMIC YEAR : 2015-2016

Declaration
I, kiran khatri the student of J.W.SADHUBELLA GIRLS COLLEGE M.COM Part
1,hereby declare that I have completed this BANKING COMPANY in the academic
year 2015-2016. The information submitted is true and original to best of my knowledge

CERTIFICATE
I, PROF, TARUNA M hereby certify that KIRAN KHATRI of M.COM PART 1
Master of Commerce of J.W.SADHUBELLA GIRLS COLLEGE Ulhasnagar 421001
has completed the project entitled BANKING COMPANY in the academic year
2015-2016 under my guidance.
The information submitted is true and original to the best of my knowledge.

PROF.TARUNA MAKHIJA
(Signature)

J.W. SADHUBELLA GIRLS COLLEGE

UNIVERSITY OF MUMBAI

CERTIFICATE
This is to certify that kiran khatri Master of commerce (semester 1) for the academic
year 2015-2016 has completed the project on BANKING COMPANY under the
guidance of PROF.TARUNA M.

Prof. TARUNA MAKHIJAProf. Kiran MENGHANI

(Project Guide)

External examiner

(Co-ordinator)

Prof.R.H. Suryarao
(Principal)

TOPIC NAME:AXIS BANK

METHODOLOGY

This project is a mixture of theoretical as well as practical knowledge.

Also it contains ideas and information

imparted by the project guide.

SECONDARY DATA :The secondary data required for the project was collected from
various kinds of websites. The names of which are mentioned in bibliography.

OBJECTIVES OF THE PROJECT

To study about the banking company.

To increase my knowledge on the innovative ideas made by banking company.
To understand the future growth of banks profit.
To study about the different situations and settlements.
To know about the solution providing techniques.

INDEX
SR.
NO.

TOPICS

1)

Introduction OF BANKING COMPANY

2)

History Of Banking Company

3)

Functions Of Banking Company

4)

Provisions Of Banking Regulation Act,1949

5)

Objectives Of Bank

6)

About Axis Bank

7)

Balance Sheet

8)

Profit And Loss Account

9)

Schedules

Introduction of Banking Companies

Banking companies are governed by the Banking Regulation Act, 1949. Section 5 of the
Act defines banking as the accepting, for the purpose of lending or investment, of
deposits of money from the public repayable on demand or otherwise and withdraw able
by cheque, draft, order or otherwise. Therefore, any company which engages itself in the
manufacture of goods or carries on any trade and accepts deposits of money from the
public for financing its business activities will not be treated as doing business of
banking. Section 2 of the Act provides that provisions of Companies Act, 1956 in the
absence of special provisions in that regard in Banking Companies Act, will apply to
banks also.

History of Banking Companies

The history of banking refers to the development of banks and banking throughout
history, with banking defined by contempory sources as an organization which provides
facilities for acceptance of deposits, and provision of loans.
The history begins with the first prototype banks of merchants of the ancient world,
which made grain loans to farmers and traders who carried goods between cities. This
began around 2000 BC in Assyria and Babylonia. Later, in ancient Greece and during the
Roman Empire lenders based in temples made loans and added two important
innovations: they accepted deposits and changed money. Archaeology from this period in
ancient china and India also shows evidence of money lending activity.
Many histories position the crucial historical development of banking system to medieval
and renaissance Italy and particularly the affluent cities of Florence, Venice and Genoa.
The bardi and Peruzzi, families dominated banking in 14 th century Florence, establishing
branches in many other parts of Europe. Perhaps the most famous Italian bank was the
Medici bank, established by Giovanni Medici in 1397. The oldest di Siena headquartered
in Siena, Italy, which has been operating continuously since 1472.
The development of banking spread from northern Italy throughout the Holy Roman
Empire, and in the 15th and 16th century to northern Europe. This was followed by a
number of important innovations that took place in Amsterdam during the Dutch republic
in the 17th century, and in London century, developments in 18 th century. During the 20th
century, developments in telecommunications and computing caused major changes to
banks operations and let banks dramatically increase in size and geographic spread. The
financial crisis of 2007-2008 caused many bank failures, including some of the worlds
largest banks, and provoked much debate about bank regulation.

Functions of Banks - Important Banking Functions and

Services
The functions of banks are briefly highlighted in following Diagram or Chart.

10

These functions of banks are explained in following paragraphs of this article.

A. Primary Functions of Banks

The primary functions of a bank are also known as banking functions. They are the main functions of a
bank. These primary functions of banks are explained below.

1. Accepting Deposits
The bank collects deposits from the public. These deposits can be of different types, such as:-

a.
b.
c.
d.

Saving Deposits
Fixed Deposits
Current Deposits
Recurring Deposits

11

a. Saving Deposits
This type of deposits encourages saving habit among the public. The rate of
interest is low. At present it is about 4% p.a. Withdrawals of deposits are
allowed subject to certain restrictions. This account is suitable to salary and
wage earners. This account can be opened in single name or in joint names.
b. Fixed Deposits
Lump sum amount is deposited at one time for a specific period. Higher rate
of interest is paid, which varies with the period of deposit. Withdrawals are
not allowed before the expiry of the period. Those who have surplus funds go
for fixed deposit.
c. Current Deposits
This type of account is operated by businessmen. Withdrawals are freely
allowed. No interest is paid. In fact, there are service charges. The account
holders can get the benefit of overdraft facility.
d. Recurring Deposits
This type of account is operated by salaried persons and petty traders. A
certain sum of money is periodically deposited into the bank. Withdrawals are
permitted only after the expiry of certain period. A higher rate of interest is
paid.

12

2. Granting of Loans and Advances

The bank advances loans to the business community and other members of the
public. The rate charged is higher than what it pays on deposits. The
difference in the interest rates (lending rate and the deposit rate) is its profit.
The types of bank loans and advances are :a.
b.
c.
d.

Overdraft
Cash Credits
Loans
Discounting of Bill of Exchange

a. Overdraft
These types of advances are given to current account holders. No separate
account is maintained. All entries are made in the current account. A certain
amount is sanctioned as overdrafts which can be withdrawn within a certain
period of time say three months or so. Interest is charged on actual amount
withdrawn. An overdraft facility is granted against a collateral security. It is
sanctioned to businessman and firms.

b. Cash Credits
The client is allowed cash credit upto a specific limit fixed in advance. It can
be given to current account holders as well as to others who do not have an
account with bank. Separate cash credit account is maintained. Interest is
charged on the amount withdrawn in excess of limit. The cash credit is given
against the security of tangible assets and / or guarantees. The advance is
given for a longer period and a larger amount of loan is sanctioned than that of
overdraft.

13

c. Loans
It is normally for short term say a period of one year or medium term say a
period of five years. Now-a-days, banks do lend money for long term.
Repayment of money can be in the form of installments spread over a period
of time or in a lump sum amount. Interest is charged on the actual amount
sanctioned, whether withdrawn or not. The rate of interest may be slightly
lower than what is charged on overdrafts and cash credits. Loans are normally
secured against tangible assets of the company.

d. Discounting of bill of exchange

The bank can advance money by discounting or by purchasing bills of
exchange both domestic and foreign bills. The bank pays the bill amount to
the drawer or the beneficiary of the bill by deducting usual discount charges.
On maturity, the bill is presented to the drawee or acceptor of the bill and the
amount is collected.

B. Secondary Functions of Banks

The bank performs a number of secondary functions, also called as nonbanking functions.
These important secondary functions of banks are explained below.

1. Agency Functions
The bank acts as an agent of its customers. The bank performs a number of
agency functions which includes:-

14

a.
b.
c.
d.

e.
f.

Transfer of Funds
Collection of Cheques
Periodic Payments
Portfolio Management
Periodic Collections
Other Agency Functions

a. Transfer of Funds
The bank transfer funds from one branch to another or from one place to
another.

b. Collection of Cheques
The bank collects the money of the cheques through clearing section of its
customers. The bank also collects money of the bills of exchange.

c. Periodic Payments
On standing instructions of the client, the bank makes periodic payments in
respect of electricity bills, rent, etc.
d. Portfolio Management
The bank also undertakes to purchase and sell the shares and debentures on
behalf of the clients and accordingly debits or credits the account. This facility
is called portfolio management.

15

e. Periodic Collections
The bank collects salary, pension, dividend and such other periodic collections
on behalf of the client.

f. Other Agency Functions

They act as trustees, executors, advisers and administrators on behalf of its
clients. They act as representatives of clients to deal with other banks and
institutions.

2. General Utility Functions

The bank also performs general utility functions, such as :a.
b.
c.
d.
e.
f.
g.

Issue of Drafts, Letter of Credits, etc.

Locker Facility
Underwriting of Shares
Dealing in Foreign Exchange
Project Reports
Social Welfare Programmes
Other Utility Functions

a. Issue of Drafts and Letter of Credits

Banks issue drafts for transferring money from one place to another. It also
issues letter of credit, especially in case of, import trade. It also issues
travellers' cheques.

16

b. Locker Facility
The bank provides a locker facility for the safe custody of valuable
documents, gold ornaments and other valuables.

c. Underwriting of Shares
The bank underwrites shares and debentures through its merchant banking
division.

d. Dealing in Foreign Exchange

The commercial banks are allowed by RBI to deal in foreign exchange.

e. Project Reports
The bank may also undertake to prepare project reports on behalf of its clients.

f. Social Welfare Programmes

It undertakes social welfare programmes, such as adult literacy programmes,
public welfare campaigns, etc.

17

g. Other Utility Functions

It acts as a referee to financial standing of customers. It collects
creditworthiness information about clients of its customers. It provides market
information to its customers, etc. It provides travellers' cheque facility.

18

Important Provisions Of The Banking Regulation ACT, 1949

PART 1:- PRELIMINARY
1. Short title, extent and commencement
(1) This Act may be called the Banking 2[Regulation] Act, 1949.
3[(2) It extends to the whole of India 4
(3) It shall come into force on such date5 as the Central Government may, by notification
in the Official Gazette, appoint in this behalf.
2. Application of other laws not barred
sixty days, as may be specified in the notification, the operation of all or any of the
provisions of this Act, either generally or in relation to any specified banking company.
(2) In a case of special emergency. The provisions of this Act shall be in addition to, and
not, save as hereinafter expressly provided, in derogation of the 6[Companies Act, 1956
(1 of 1956)], and any other law for the time being in force.
7[3. Act to apply to co-operative societies in certain cases
Nothing in this Act shall apply to(a) A primary agricultural credit society;
(b) A co-operative land mortgage bank; and
(c) Any other co-operative society, except in the manner and to the extent specified in
Part V.]

4. Power to suspend operation of Act

(1) The Central Government, if on a representation made by the Reserve Bank in this
behalf it is satisfied that it is expedient so to do, may by notification in the Official
Gazette, suspend for such period, not exceeding Governor of the Reserve Bank, or in his
absence a Deputy Governor of the Reserve Bank nominated by him in this behalf may, by
order in writing, exercise the powers of the Central Government under sub-section (1) so
however that the period of suspension shall not exceed thirty days, and where the

19

Governor or the Deputy Governor, as the case may be, does so, he shall report the matter
to the Central Government forthwith, and the order shall, as soon as may be, be published
in the Gazette of India.
(3) The Central Government may, by notification in the Official Gazette, extend from
time to time the period of any suspension ordered under sub-section (1) or sub-section (2)
for such period, not exceeding sixty days at any one time, as it thinks fit so however that
the total period does not exceed one year.
(4). A copy of any notification issued under sub-section (3) shall be laid on the table of
8[Parliament] as soon as may be after it is issued.
5. Interpretation
9[In this Act], unless there is anything repugnant in the subject or context,10[(a) approved securities means(i) securities in which a trustee may invest money under clause (a), clause (b), clause
(bb), clause (c) or clause (d) of section 20 of the Indian Trust Act, 1882 (2 of 1882)
(ii) Such of the securities authorised by the Central Government under clause (f) of
section 20 of the Indian Trust Act, 1882 (2 of 1882), as may be prescribed]
(b) Banking means the accepting, for the purpose of lending or investment, of deposits of
money from the public, repayable on demand or otherwise, and withdraw able by cheque,
draft, order or otherwise.
(c) Banking company means any company which transacts the business of banking 11[in
India];
Explanation: Any company which is engaged in the manufacture of goods or carries on
any trade and which accepts deposits of money from the public merely for the purpose of
financing its business as such manufacturer or trader shall not be deemed to

transact the business of banking within the meaning of this clause;

banking policy means any policy which is specified from time to time by the Reserve
Bank in the interest of the banking system or in the interest of monetary stability or sound
economic growth, having due regard to the interests of the depositors, the volume of
deposits and other resources of the bank and the need for equitable allocation and the
efficient use of these deposits and resources.

20

Who Is Regulate Banks

The Reserve Bank of India (RBI)is India's central banking institution, which
controls the monetary policy of the Indian rupee. It commenced its operations
on 1 April 1935 during the British Rule in accordance with the provisions of
the Reserve.The original share capital was divided into shares of 100 each
fully paid, which were initially owned entirely by private shareholders.
Following India's independence on 15 August 1947, the RBI was nationalised
on 1 January 1949.
The RBI plays an important part in the Development Strategy of
the Government of India. It is a member bank of the Asian Clearing Union.
The general superintendence and direction of the RBI is entrusted with the 21member Central Board of Directors: the Governor ,4 Deputy Governors,
2 Finance Ministry representatives, 10 government-nominated directors to
represent important elements from India's economy, and 4 directors to
represent local boards headquartered at Mumbai, Kolkata, Chennai and New
Delhi. Each of these local boards consists of 5 members who represent
regional interests, and the interests of co-operative and indigenous banks.
The bank is also active in promoting financial inclusion policy and is a
leading member of the Alliance for Financial Inclusion (AFI).
Reserve Bank of India
-------- ------ ----

Headquarters

Shahid bhagat Singh

21

MargMumbai, Maharashtra
Coordinates

Coordinates:

18.932679N

72.836933E

Established

1 April 1935; 80 years ago

Governor

Raghuram Rajan

Currency

Indian Rupee ()

Reserves

US$351.92 billion[1] [2]

Bank rate

8.25% [3]

Interest on

4.00%(market determined)[4]

reserves
Website

https://rbi.org.in/

Main Functions OF RBI

Financial Supervision
The Reserve Bank of India performs this function under the guidance of the Board for
Financial Supervision (BFS). The Board was constituted in November 1994 as a
committee of the Central Board of Directors of the Reserve Bank of India.
Objective
Primary objective of BFS is to undertake consolidated supervision of the financial sector
comprising commercial banks, financial institutions and non-banking FINANCE
companies.
Constitution

22

The Board is constituted by co-opting four Directors from the Central Board as members
for a term of two years and is chaired by the Governor. The Deputy Governors of the
Reserve Bank are ex-officio members. One Deputy Governor, usually, the Deputy
Governor in charge of banking regulation and supervision, is nominated as the ViceChairman of the Board.
BFS meetings
The Board is required to meet normally once every month. It considers inspection reports
and other supervisory issues placed before it by the supervisory departments.
BFS through the Audit Sub-Committee also aims at upgrading the quality of the statutory
audit and internal audit functions in banks and financial institutions. The audit subcommittee includes Deputy Governor as the chairman and two Directors of the Central
Board as members.
The BFS oversees the functioning of Department of Banking Supervision (DBS),
Department of Non-Banking Supervision (DNBS) and Financial Institutions Division
(FID) and gives directions on the regulatory and supervisory issues.
Regulator and supervisor of the financial system
The institution is also the regulator and supervisor of the financial system and prescribes
broad parameters of banking operations within which the country's banking and financial
system functions. Its objectives are to maintain public confidence in the system, protect
depositors' interest and provide cost-effective banking services to the public.
The Banking Ombudsman Scheme has been formulated by the Reserve Bank of India
(RBI) for effective addressing of complaints by bank customers. The RBI controls the
monetary supply, monitors economic indicators like the gross domestic product and has
to decide the design of the rupee banknotes as well as coins.[36]

23

Managerial of exchange control

The central bank manages to reach different goals of the Foreign Exchange Management
Act, 1999. Objective: to facilitate external trade and payment and promote orderly
development and maintenance of foreign exchange market in India
Issuer of currency
The bank issues and exchanges currency notes and coins and destroys the same when
they are not fit for circulation. The objectives are giving the public adequate sups of RBI
are to issue bank notes, to maintain the currency and credit system of the country to
utilize it in its best advantage, and to maintain the reserves. RBI maintains the economic
structure of the country so that it can achieve the objective of price stability as well as
economic development, because both objectives are diverse in themselves. For printing
of notes, the Security Printing and Minting Corporation of India Limited (SPMCIL), a
wholly owned company of the Government of India, has set up printing presses at
Nashik, Maharashtra and Dewas, Madhya Pradesh. The Bharatiya Reserve Bank Note
Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of the Reserve Bank,
also has set up printing presses at Mysuru in Karnataka and Salboni in West Bengal. In
all, there are four printing presses. And for minting of coins, SPMCIL has four mints at
Mumbai, Noida (UP), Kolkata and Hyderabad for coin production.
Banker's bank
RBI also works as a central bank where commercial banks are account holders and can
deposit money.RBI maintains banking accounts of all scheduled banks.[38] Commercial
banks create credit. It is the duty of the RBI to control the credit through the CRR, bank
rate and open market operations. As banker's bank, the RBI facilitates the clearing of
cheques between the commercial banks and helps inter-bank transfer of funds. It can
grant financial accommodation to schedule banks. It acts as the lender of the last resort by
providing emergency advances to the banks. It supervises the functioning of the
commercial banks and take action against it if need arises.

24

25

AXIS BANK
Axis Bank India, the first bank to begin operations as new private banks in 1994 after the
Government of India allowed new private banks to be established. Axis Bank was jointly
promoted by the Administrator of the specified undertaking of the.
Unit Trust of India (UTI-I)
Life Insurance Corporation of India (LIC)
General Insurance Corporation Ltd.
Also with associates viz. National Insurance Company Ltd., the New India Assurance
Company, The Oriental Insurance Corporation and United Insurance Company Ltd.
Axis bank limited is the third largest private sector bank in India. Although classified as a
private sector bank, axis banks promoters LIC and GIC, which collectively held approx
34% of the share as at 31st December 2013 are all entities owned and controlled by the
government of India.
The bank offers financial services to customer segments covering large and mid-sized
corporate, MSME, agriculture and retail business. Axis bank has its registered office at
Ahmadabad.
History:UTI bank opened its registered office in Ahmadabad and corporate office in Mumbai in
December 1993. The first branch was inaugurated on 2 April 1994 in Ahmadabad by
Dr.MANMOHANSingh, then finance minister of India. UTI bank began its operations in
1994, after the government of India allowed new private banks to be established. The
bank was promoted in 1993 jointly by the Administrator of the unit trust
of India life insurance corporation of India general insurance corporation, National
insurance company, the new India assurance company, the oriental insurance corporation
and united India insurance company.
In 2001 UTI bank agreed to merge with and amalgamate global trust bank, but the
reserve bank of India withheld approval and nothing came of this. In 2004 the RBI put
global trust into moratorium and supervised its merger into oriental bank of commerce.

26

UTI bank opened its first overseas branch in 2006 Singapore. That same year it opened a
representative office in shanghai, china
UTI bank opened a branch in the Dubai international financial centre in 2007. That same
year it began branch operations in Hong Kong. The next year it opened a representative
office in Dubai.

27

BALANCE SHEET OF AXIS BANK AS ON 31-3-2015 (RS.IN

PARTICULARS

SCHEDULE NO.

AMOUNT

CAPITAL N LIABILITIES:CAPITAL

4,741,044

RESERVES AND SURPLUS

442,024,106

DEPOSITS

3224419369

BORROWINGS

797,582,689

OTHER LIABILITIES AND PROVISIONS

150,556,734

TOTAL

4,619,323,942

ASSETS:CASH AND BANK BALANCE WITH

RESERVE BANK OF INDIA

1,98,128,397

BALANCE WITH BANKS AND MONEY

AT CALL AND SHORT NOTES

162,801,921

INVESTMENTS

1,323,428,317

ADVANCES

2,810,830,297

FIXED ASSETS

10

25,143,105

OTHER ASSETS

11

98,931,905

TOTAL

CONTINGENT LIABILITY

4,619,323,942

5,911,749,072

12

BILLS FOR COLLECTION

490,086,861

28

PROFIT AND LOSS ACCOUNT

29

OF AXIS BANK
FOR THE YEAR ENDED 31-3-2015 (RS IN THOUSANDS)
PARTICULARS

SCHEDULE NO

A. INCOME:-

AMOUNT

13

354,785,977

14

83,650,458

INTEREST EARNED
OTHER INCOME

438,436,435

TOTAL
B. EXPENDITURE:INTEREST EXPENDED

15

212,544,595

OPERATING EXPENSES

16

92,037,456

18(2.1.1)

60,276,161

PROVISIONS AND CONTIGENCIES

TOTAL

364,858,212

C. NET PROFIT FOR THE YEAR (A-B)

73,578,212

. BALANCE IN PROFIT &LOSS A/C B/F FROM

PREVIOUS YEAR

135,014,461

D.AMOUNT AVAILABLE FOR APPROPRIATION

208,592,684

E. APPROPRIATIONS
254,885

TRANSFER TO STATUTORY RESERVE

TRANSFER TO INVESTMENT RESERVES
TRANSFER TOCAPITAL RESERVES
TRANSFER TO (FROM) RESERVE FUND
PROPOSED DIVIDEND (INCLUDES TAX ON
DIVIDEND

18(2.2.1)

631,421

18(2.2.2)

(12,664)

18(2.2.5)

13,089,573

176,234,914

BALANCE IN PROFIT AND LOSS ACCOUNT

30

CARRIED FORWARD

208,592,684

TOTAL

18(2.2.3)
F. EARNINGS PER EQUITY SHARE
(FACE VALUE RS.2 PER SHARE) (RUPEES)

31.18
30.85

BASIC
DILUTED
SIGNIFICANT ACCOUNTING POLICIES AND
NOTES TO ACCOUNTS 17&18
SCHDULES REFFERED TO ABOVE FORM AN
INTEGRAL PART OF THE PROFIT AND LOSS
ACCOUNT

31

32

NOTES TO ACCOUNT

SCHEDULE 1- CAPITAL
AUTHORISED CAPITAL
4,250,000,000(Previous Year- 4,250,000,000) Equity
Shares Of Rs.2 Each

8,500,000

Issued ,Subscribe And Paid Up Capital

2,370,522,199(Previous Year-2,349,222,765)
Equity Shares Of Rs.2 Each Fully Paid
TOTAL

4,741,044

4,741,044

SCHEDULE 2-RESERVES AND SURPLUS

STATUTORY RESERVE
OPENING BALANCE
ADDITION DURING THE YEAR
TOTAL

66,918,613
18,394,555
85,313,168

SHARE PREMIUM ACCOUNT

OPENING BALANCE
ADDITIONS DURING THE YEAR
LESS SHARE ISSUE EXPENSES

158,971,69
1
4,768,948

TOTAL

33

INVESTMENT RESERVE ACCOUNT

OPENING BALANCE
ADDITION DURING THE YEAR
TOTAL

1,034,860
254,885
1,289,745

GENERAL RESERVE
OPENING BALANCE
ADDITION DURING THE YEAR
TOTAL

3,543,100

CAPITAL RESERVE
OPENING BALANCE
ADDITION DURING THE YEAR
TOTAL

9,848,828
631,421
10,480,249

FOREIGN CURRENCY TRANSLATION

RESERVE
OPENING BALANCE
ADDITION DURING THE YEAR
TOTAL
RESERVE FUND
OPENING BALANCE
ADDITION DURING THE YEAR

34

3,543,100

2,138,317
(739,911)
1,398,406

36,549
(12,664)

TOTAL

23885

BALANCE IN PROFIT AND LOSS ACCOUNT 176,234,914

TOTAL

442,024,106

SCHEDULE-3 DEPOSITS
A.DEMAND DEPOSITS
(i).FROM BANKS
(ii).FROM OTHERS
B.SAVING BANK DEPOSIT
C.TERM DEPOSITS
(i) .FROM BANKS
(ii).FROM OTHERS
TOTAL
(i).Deposits Of Branches in India
(ii). Deposits Of Branches outside India
total

39,562,710
521,519,479
882,920,829
84,010,165
1,696,406,186
3,224,419,369
3,171,892,483
52,526,886
3,224,419,369

Schedule 4- BORROWINGS
(I).BORROWINGS IN INDIA
(i).reserve bank of India
(ii).other banks
(iii).other institutions and agencies
(II).BORROWINGS OUTSIDE INDIA
TOTAL
35

20,582,000
255,729,912
521,270,777
797,582,689

SCHEDULE 5-OTHER LIABILITIES AND PROVISION

I.BILLS PAYABLE
II.INTER OFFICE ADJUSTMENTS (NET)
III. INTEREST ACCRUD
IV. PROPOSED DIVIDEND(INCLUDES TAX
ON DIVIDEND)
V. CONTINGENT PROVISION AGAINST
STADARD ASSETS
VI. OTHERS (INCLUDING PROVISIONS)

39,372,758
20,547,095
13,055,440

TOTAL

150,556,734

15,956,484
61,624,957

SCHEDULE 6-CASH &BALANCES WITH RBI

I.CASH IN HAND(INCLUDING FOREIGN
CURRENCY NOTES)
II. BALANCES WITH RBI:(i).IN CURRENT ACCOUNT
(ii).IN OTHER ACCOUNTS
TOTAL

36

42,154,312

156,034,085
198,188,397

37

SCHEDULE 7-BALANCES WITH BANKS & MONEY AT CALL

AND SHORT NOTICE
I. IN INDIA
I. BALANCE WITH BANKS
A. IN CURRENT ACCOUNTS
B. IN OTHER DEPOSIT ACCOUNTS
II.MONEY AT CALL AND SHORT NOTES
A. WITH BANKS
B. WITH OTHER INSTITUTIONS

1,941,210
12,852,440
86,192,067

TOTAL
II. OUTSIDE INDIA
I. IN CURRENT ACCOUNTS
II.IN OTHER DEPOSIT ACCOUNTS
III. MONEY AT CALL AND SHORT NOTICE

100,985,717

TOTAL
GRAND TOTAL (I+II)

61,816,204
162,801,921

38

8,062,433
24,314,311
29,439,463

SCHEDULE 8 INVESTMENTS
1.INVESTMENTS IN INDIA INI. GOVERNMENT SECURITIES **
II OTHER APPROVED SECURITIES
III.SHARES
IV. DEBENTURES AND BONDS
V. INVESTMENTS AND SUBSIDIARIES
VI. OTHERS
TOTALINVESTMENTS OUTSIDE INDIA
2. INVESTMENTS OUTSIDE INDIA
I. GOVERNMENT SECURITY
II. SUBSIDIARIES
III. OTHERS
TOTALINVESTMENT OUTSIDE INDIA
GRAND TOTAL (1+2)

812,460,111
7,390,249
250,682,120
8,694,365
229,073,943
1,308,300,788
9,831,909
2,995,712
2,299,908
15,127,529
1,323,428,317

SCHEDULE 9 ADVANCES
A. I.BILLS PURCHASED AND
DISCOUNTING
II. CASH CREDIT,OVERDRAFT AND
LOANS REPAYBLE ON DEMAND
III. TERM LOANS
TOTAL
B.I.SECURED BY TANGIBLE ASSETS
II. COVERED BY BANK /GOVERNMENT
GUARANTIES
39

52,037,662
804,186,766
1,954,605,869
2,810,830,297
2,194,008,860
34,123,543

III. UNSECURED
TOTAL
C. I.ADVANCES IN INDIA
i. PRIORITY SECTOR
ii. PUBLIC SECTOR
iii. BANKS
iii. OTHERS
TOTAL
2. ADVANCES OUTSIDE INDIA
I. DUE FROM BANKS
II. DUE FROM OTHERS
a. BILL PURCHASED AND DISCOUNTED
b. SYNDICATED LOANS
c. OTHERS

582,697,894
2,810,830,297

TOTAL
GRAND TOTAL (C1+C2)

458,228,169
2,810,830,297

697,714,885
35,629,745
2,392,968
1,616,864,530
2,352,602,128
1,562,500
4,528,093
117,111,191
335,026,385

SCHEDULE 10 FIXED ASSETS

1.PREMISES
GROSS BLOCK
AT COST AT THE BEGINNING OF THE
YEAR
ADDITIONS DURING THE YEAR
TOTAL
DEPRICIATION

40

9,041,075
465,496
9,506,571

AS AT THE BEGINNING OF THE YEAR

CHARGE FOR THE YEAR
DEDUCTIONS DURING THE YEAR
DEPRICIATION TO DATE
NET BLOCK
2. OTHER FIXED ASSETS(FURNITURE &
FIXTURES)
GROSS BLOCK
AT COST AT BEGINNING OF THE YEAR
ADDITION DURING THE YEAR
DEDUCTION DURING THE YEAR
TOTAL
DEPRICIATION
AT COST AT BEGINNING OF THE YEAR
ADDITION DURING THE YEAR
DEDUCTION DURING THE YEAR
DEPRICIATION TO DATE
NET BLOCK
3. CAPITAL WORK IN PROCESS
GRAND TOTAL

556,787
151,921
708,708
8,797,863

32,507,770
4,757,982
(1,802,270)
35,463,482
17,886,636
3,904,800
(1,660,585)
20,130,851
15,332,631
1,012,611
25,143,105

SCHEDULE 11 OTHER ASSETS

1.INTER OFFICE ADJUSTMENT (NET)
2. INTEREST ACCRUED
41,505,112
3. TAX PAID IN ADVANCE DEDUCTED AT 2,047,331
SOURCE

41

4. STATIONARY AND STAMPS

5. NON BANKING ASSETS
6.OTHERS
TOTAL

10,081
585,369,381
98,931,905

42

SCHEDULE 12- CONTIGENT LIABILITIES

1. CLAIMS AGAINST THE BANK NOT
ACKNOWLEDGED AS DEBTS
2. LIABILITY FOR PARTLY PAID
INVESTMENTS
a. FORWARD CONTACTS
b. INETREST RATES SWAPS,CURRENCY
SWAPS
C.FOREIGN CURRENCY
TOTAL a+b+c
4. GUARENTIES GIVEN IN BEHALF
OFCONSTITUENTS
IN INDIA
OUTSIDE INDIA
5. ACCEPTANCES, ENDORSEMENTS
AND OTHER OBLIGATIONS
6. OTHER ITEMS FOR WHICH THE BANK
IS CONTIGENTLY LIABLE

2,740,743

GRAND TOTAL

5,911,749,072

43

2,800,956,981
1,641,749,576
238,438,623

4,681,145,180

582,793,361
137,954,194
315,837,757
191,277,839

SCHEDULE 13 INTEREST EARNED

1.INTEREST /DISCOUNT ON ADVANCES
BILLS
2. INCOME ON INVESTMENT
3. INTEREST ON BALANCES WITH RBI
OF INDIA AND OTHER BANKS
4.OTHERS

258,678,187
91,170,923
2,312,594

TOTAL

354,785,977

2,624,273

SCHEDULE 14 OTHER INCOME

1.COMMISSION ,BROKRAGE AND
EXCHANGE
2.PROFIT/LOSS ON SALE OF
INVESTMENT
3. PROFIT/LOSS ON SALE OF FIXED
ASSETS (NET)
4. PROFIT ON EXCHANGE DERIVATIVE
5. INCOME EARNED BY WAY OF
DIVIDEND
6.MISICELLINOUS
TOTAL

44

61,210,700
9,949,036
(35,854)
9,841,234
338,125
2,347,217

83,650,458

SCHEDULE 15- INTEREST EXPENDED

1.INTEREST ON DEPOSIT
2. INTEREST ON RBI INTERBANK
BORROWINGS
3.OTHERS
TOTAL

171,368,102
15,170,269
26,006,224
212,544,595

SCHEDULE 16 OPERATING EXPENSES

1.PAYMENT AND PROVISIONS FOR
EMPLOYEES
2. RENT , TAXES AND LIGHTING
3. PRINTING AND STATIONARY
4. ADVERTISEMENT AND PUBLICITY
5. DEPRECIATION ON BANK PROPERTY
6.DIRECTORS FEES , ALLOWANCES
AND EXPENSES
7. AUDITORS FEES AND EXPENSES
8. LAW CHARGES
9. POSTAGE, TELEGRAM,TELEPHONES
ETC
10. REPAIRS AND MAINTAINANCE
11.INSURANCE
12. OTHER EXPENDITURE
TOTAL

45

31,149,697
8,102,644
1,183,585
905,679
4,056,721
17,596
15,692
108,424
3,069,818
7,323,168
3,663,895
32,440,537
92,037,456