PMC BANK AR 2019 Website Final

36th Annual Report 2018-2019
FOUNDER CHAIRMAN FORMER CHAIRMAN

Late Gurucharan Singh Kochhar Late Charanjit Singh Chadha
PERFORMANCE HIGHLIGHTS
( ` In Crores)
PARTICULARS FOR THE YEAR ENDED
31.03.2019 31.03.2018 % Increase/
(Decrease)
Total Income 1,297.98 1,170.49 10.89
Total Expenditure 1,053.52 958.68 9.89
Gross Profit 244.46 211.81 15.41
Less : Provisions 88.18 42.14 109.25
Net Profit Before Tax 156.28 169.67 (7.89)
Less : Income Tax 56.59 68.77 (17.71)
Net Profit 99.69 100.90 (1.20)
AT THE YEAR END
Own Funds
Share Capital 292.61 294.22 (0.55)
Reserves and Surplus 684.58 617.72 10.82
Total Own Funds 977.19 911.94 7.16
Deposits
Demand 2,291.37 2,096.36 9.30
Term 9,325.97 7,842.49 18.92
Total Deposits 11,617.34 9,938.85 16.89
Advances
Secured 8,306.90 7,378.36 12.58
Unsecured 76.43 49.72 53.72
Total Advances 8,383.33 7,428.08 12.86
Priority Sector 1,123.23 1,067.56 5.21
Priority Sector % 15.06 16.58
Working Capital 13,313.25 11,390.10 16.88

Investments 3,474.55 2,737.95 26.90
Borrowings and Refinance 305.90 251.80 21.49
Net NPAs (%) 2.19 1.05
Capital Adequacy (%) 12.62 12.29
Number of Members 51601 66045
Number of Branches 137 134
Profit per Employee (` In lakhs) 5.50 5.67
Return on Average Assets (%) 0.75 0.89
Daily Average Net Interest Margin (%) 4.25 4.38
*Previous Year figures have been regrouped / re-arranged / reclassified /recast wherever
necessary to confirm to the presentation of the accounts of the current year.
MEMBERS OF THE BOARD
S. Waryam Singh S. Balbir Singh Kochhar

Chairman Vice-Chairman
DIRECTORS
S. Surjit Singh S. Daljit Singh Bal S. Surjit Singh Arora S. Rajneet Singh
Narang
Shri Jagdish S. Gurnam Singh Smt. Trupti Bane Smt. Parmeet

Mookhey Hothi Sodhi
S. Jasvinder Singh Shri Brij Bhushan Smt. Mukti Shri. Omprakash

Banwait Handa Bavisi Uppal
Events during the year

BOARD OF DIRECTORS
Members of Board
S. Waryam Singh S. Balbir Singh Kochhar
Chairman Vice-Chairman
Directors
S. Surjit Singh Narang S. Daljit Singh Bal S. Surjit Singh Arora
S. Rajneet Singh Shri Jagdish Mookhey S. Gurnam Singh Hothi
Smt. Trupti Bane Smt. Parmeet Sodhi S. Jasvinder Singh Banwait
Shri Brij Bhushan Handa Smt. Mukti Bavisi Shri. Omprakash Uppal

EXECUTIVES
Managing Director
Shri. Joy Thomas
General Managers
Shri. H. K. Karanth Shri. L. M. Kamble

Joint General Managers
Smt. Manjit Kaur I.S. Smt. Meghana Gokhale Shri. Surinderpal Singh R.S.
Deputy General Managers

Smt. Aarti A. Desai Smt. Karmen Patric Rebello Smt. Jasvinder Kaur Anand
Shri. Parag S. Dalvi Smt. Geeta Singh Dhiman Smt. Rebecca B. Solomon
Smt. Shiny Mithbaokar Shri. Sadananda R. Shirali

Asst. General Managers
Shri. Charanjit Singh Bhatia Shri. Satish Madhav Bendre
Statutory Auditors Solicitors

M/s. Lakdawala & Co. M/s. Purnanand & Co.

1
BANK PROFILE AS ON MARCH 31, 2019

1. Registered Office : 240, Shankar Sadan, Sion (E), Mumbai – 400 022.
2. Central Office : Office No. 4 & 5, 3rd Floor, Dreams Mall, L.B.S. Marg,
Bhandup (W), Mumbai – 400 078.
Tel: 022-67804000
3. Registration No. & Date : Regn. No. BOM/BNK/174 – October 26, 1983.
4. Commencement of : February 13, 1984.

Banking Business
5. Licence No. and Date : LIC NO. DBOD/UBD/MH.370 P - January 9, 1984.
6. Number of Members : 51601
7. Number of Staff : 1814
8. Number of Branches : 137 Branches
9. Paid –up Share Capital : ` 292.61 Crore
10. Total Reserves & Funds : ` 933.94 Crore
11. Total Deposits : ` 11,617.34 Crore
12. Total Loans and Advances : ` 8,383.33 Crore
13. Total Overdues : ` 331.20 Crore
14. % of Overdues : 3.95% *
15. Gross N.P.As : 3.76 %
16. Net N.P.As : 2.19%
17. Capital Adequacy Ratio : 12.62 %
18. Net Profit : ` 99.69 Crore
19. Working Capital : ` 13313.25 Crore
20. Audit Classification : ‘A’
* Total overdue includes NPA accounts.
2
NOTICE TO MEMBERS
36 Annual General Meeting of the Bank will be held on Saturday, 28th September, 2019 at 11.00 a.m. at Dreams
th
Banquet, Dreams Mall, 2nd Floor, L.B.S. Marg, Bhandup (West), Mumbai – 400 078 to transact the following
business. Members are requested to attend the meeting on time.
1. To read and confirm the minutes of the Annual General Meeting held on 8th September, 2018.
2. To approve the Annual Report placed by the Board of Directors for the Financial Year ended 31st March
2019, Balance Sheet and Profit & Loss Account, Appropriation of Profit and take a note of Statutory
Auditor’s report.
3. Declaration of Dividend and Allocation of Profits for the Financial Year 2018-2019.
4. To appoint Statutory Auditors for the Financial Year 2019-2020 and to authorize Board of Directors to
determine their remuneration.
5. To consider and approve the amendment to the bye-laws of the bank as notified by the Board in the
Annual Report for the year 2018-19.
6. Disposal of any other business that may be brought before the meeting and replying to Members'
questions, relating to the working of the Bank during the Financial Year 2018-19, permissible under the
Bank's Bye-Laws and Rules and about which at least 8 days notice, in writing, has been furnished to the
Chief Executive Officer, at the Bank's Central Office, Dreams Mall, 3rd Floor, L.B.S. Marg, Bhandup (West),
Mumbai – 400 078.
Central Office : By Order of the Board of Directors
Punjab & Maharashtra Co-op Bank Ltd.
Office No. 4 & 5, 3rd Floor,
Dreams Mall, LBS Marg, sd/-
Bhandup (W), Mumbai – 400078. JOY THOMAS
Date : 12/09/2019 Managing Director
Note: If there is no quorum within half an hour after the appointed time, the meeting shall stand adjourned
upto 11.30 a.m. on the same day and the agenda of the meeting shall be transacted at the same venue
irrespective of the quorum in terms of bye-law no. 24 (i).
NOTE
1. Members desiring to offer any suggestion at the Annual General Meeting or put any question pertaining
to the Annual Report & Accounts are requested to write to the Bank on or before 23rd September’2019
addressed to the Managing Director at the Central Office, 3rd Floor, Dreams Mall, Bhandup (West),
Mumbai – 400 078.
2. Members who carry with them any one of the valid KYC (Pan Card / Aadhaar Card / Driving Licence) or
existing Identity Card issued by the Bank only will be allowed to attend the General Body Meeting of the
Bank.
3. Members who have not collected their dividends for the previous three years are requested to collect the
same immediately. They are requested to please note that if the dividend for the financial year 2015-16,
is not encashed on or before December 31, 2019, it would stand forfeited by the Bank and the proceeds
thereof would be transferred to the Bank’s Reserve Fund, as per provisions of the Bank’s Bye-law No. 46
(iv). This intimation by the Bank may be treated as the final notice to the concerned members who are yet
to encash their dividends.
4. Members are requested to intimate any change in the name of nominee, office and residential address,
status, etc., so as to keep our records up-to-date.
5. Members are requested to introduce the Bank to their friends and relatives so that they can also avail of
the various services rendered by the Bank.
6. Members are requested to give instructions for crediting the dividend directly to their Saving Bank
/ Current Account with any of the Branches of the Bank.
7. The Annual Report for the financial year 2018-2019 is available on the website of the Bank. Members
desiring a copy can collect it from their nearest branch as per Bye-Law No. 22 (i).
8. Entry strictly to members only. No proxies will be allowed.
3
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5
DIRECTORS’ REPORT
Dear Members,
The Board of Directors are pleased to present to you the 36th Annual Report of your Bank together with the
audited accounts for the financial year ended March 31, 2019.
ECONOMIC SCENARIO:
India’s GDP is estimated to have increased 7 per cent in 2018-19. India has retained its position as the third
largest startup base in the world with over 4,750 technology start-ups. India’s foreign exchange reserves were
US$ 405.64 billion in the week ended on March 15, 2019.
Important recent developments in Indian economy were as follows :
• During 2018-19 merchandise exports from India has increased by 8.85 % on year-on-year basis and
services exports has grown by 8.54% on year-on-year basis.
• In February 2019, the Government of India approved the National Policy on Software Products – 2019, to
develop the country as a software hub.
• The National Mineral Policy 2019, National Electronics Policy 2019 and Faster Adoption and Manufacturing
of (Hybrid) and Electric Vehicles (FAME II) have also been approved by the Government of India in 2019.
The Union Budget for F.Y. 2019-20 announced in February 2019 projected to keep the fiscal deficit to 3.4%
of GDP and current account deficit to 2.5% for F.Y. 2019-20. The Budget lists down the Government’s macro-
economic plans for boosting sustained economic growth. These include expending capital towards building
next generation physical infrastructure, building a strong health system, focusing on rural industrialization, farm
production, a safe and clean environment, outer space programmes and the creation of a Digital India, amongst
others.
The Government of India, under the Make in India initiative, is trying to give boost to the contribution made by
the manufacturing sector and aims to take it up to 25 per cent of the GDP from the current 17 per cent. Besides,
the Government has also come up with Digital India initiative, which focuses on three core components viz.
creation of digital infrastructure, delivering services digitally and promoting digital literacy.
As per the Monetary Policy announced by RBI in April 2019, GDP growth for F.Y. 2019-20 is projected at 7.2%.
The GDP projection for the first half is 6.8% - 7.1% while in the second half, it is 7.3%-7.4%. The higher GDP
expectations are due to the likely increase in the private spending and Government spending in the rural areas.
In Q1 FY 2019, which ran from April to June, the economy grew 5.0% compared to the same period a year
earlier, well below Q4 FY 2018’s 5.8% expansion and market analysts’ expectations of 5.7% growth. It also
marked the slowest growth rate since Q4 FY 2012.
A significant slowdown in private consumption weighed on the overall spending in Q1 FY 2019: Annual private
spending growth plummeted to 3.1% in the quarter, from 7.3% in Q4 FY 2018, as consumers faced tougher
lending conditions from non-bank financial companies which collectively account for around one-fifth of new
lending in India.
6
On the external front, both exports and imports growth moderated in Q1 FY 2019. Nevertheless, as export
growth outpaced import growth the external sector contributed 0.1 percentage points to overall economic
growth, contrasting the 0.7 percentage-point subtraction in Q4 FY 2018.
In a bid to turn the tide against slowing growth, the government announced a series of measures in August.
These included the merger of 12 of India’s 27 public sector banks into just 4, which should support lending
activity in the medium-term, as well as the relaxation of foreign direct investment rules in the manufacturing,
coal mining and digital media industries. Moreover, the government continued to press banks to pass on recent
cuts in the Central Bank’s repo rates to borrowers. Overall, analysts at Nomura said the measures were “a
positive signal from the government that outside of monetary policy, which can only aid a cyclical recovery,
focus on structural reforms is essential to lift trend growth”.
Meanwhile, looking at the implications of the GDP result for the monetary policy outlook, analysts at ING added:
“We retain our forecast of an additional 50bp of rate cuts over the rest of the year, taking the repo rate to 4.90%,
the lowest in a decade and just shy of the 4.75% record low reached during the 2009 global financial crisis.”
FINANCIAL SECTOR
India has a diversified financial sector undergoing rapid expansion, both in terms of strong growth of existing
financial services firms and new entities entering the market. The sector mainly comprises of commercial
banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds and
other smaller financial entities. The Banking regulator has allowed new entities such as payments bank to be
created recently adding to the types of entities already operating in the sector. However, the financial sector
in India is predominantly a Banking sector with commercial banks accounting for more than 64 per cent of the
total assets held by the financial system.
Major Characteristics of Financial Sector of India :
• The financial sector of India allows Most Favored Nation (MFN) reputation to all international banks and
firms offering financial facilities.
• The sector has relaxed previous MFN tax exemption on banking activities.
• Allows 12 new financial bank division authorizations every year to international banks, that is higher as
compared to the existing 8 every year.
• Raises the 10% limit of reinsurance by insurance firms in India.
• Permits 51% foreign endowment in fiscal advisory, issuing, hiring, business enterprise capital, business
banking and non-banking credit firms.
India is one of the most vibrant global economies, on the back of robust banking and insurance sectors. The
relaxation of foreign investment rules has received a positive response from the insurance sector, with many
companies announcing plans to increase their stakes in joint ventures with Indian companies.
BANKING SECTOR
India’s Banking Sector is sufficiently capitalized and well-regulated. Several innovative banking models like
payments and small finance banks have been rolled out in the Indian Banking Industry.
7
Indian Banking Sector witnessed a mixed interest rate scenario during F.Y. 2018-19. At the beginning of the
financial year, REPO rate was 6%. RBI raised it twice during June 2018 and August 2018, 25 bps each. However
due to sharp fall in CPI Inflation, RBI changed its monetary policy from ‘calibrated tightening’ to ‘neutral’ and
reduced Repo rate twice in February 2019 and April 2019 by 25 bps each.
In December 2018 Monetary Policy, it was proposed by the RBI that all new floating rate personal / retail loans
and loans to Micro and Small Enterprises extended by Banks from April 1, 2019 shall be benchmarked to the
external benchmarks, viz., the RBI Repo Rate or any other benchmark interest rate published by the Financial
Benchmark India Private Ltd. (FBIL).
Reserve Bank of India has decided to set up Public Credit Registry (PCR), an extensive database of credit
information which is accessible to all stakeholders.
The digital payments revolution will trigger massive changes in the way credit is disbursed in India. Debit cards
have radically replaced credit cards as the preferred payment mode in India, after demonetisation.
ROAD AHEAD
India's gross domestic product (GDP) is expected to reach US$ 6 trillion by FY27 and achieve upper-middle
income status on the back of digitisation, globalisation, favourable demographics, and reforms.
India's revenue receipts are estimated to touch ` 28-30 trillion (US$ 385-412 billion) by 2019, owing to
Government of India's measures to strengthen infrastructure and reforms like demonetisation and Goods and
Services Tax (GST).
India is expected to be the third largest consumer economy as its consumption may triple to US$ 4 trillion by
2025, owing to shift in consumer behaviour and expenditure pattern, according to a Boston Consulting Group
(BCG) report; and is estimated to surpass USA to become the second largest economy in terms of purchasing
power parity (PPP) by the year 2040, according to a report by PricewaterhouseCoopers.
PERFORMANCE HIGHLIGHTS :
The Performance highlights of the Bank in certain key parameters are stated below:
(` in crore)
Particulars 31.03.2019 31.03.2018 % Increase /

Decrease
Business Mix 20000.67 17366.93 15.17
Deposits 11617.34 9938.85 16.89
Advances 8383.33 7428.08 12.86
Gross Profit 244.46 211.81 15.41
Net Profit after Tax 99.69 100.90 (1.20)
Owned Funds 977.19 911.94 7.16
Gross N.P.A % 3.76 1.99
Net N.P.A. % 2.19 1.05
C.R.A.R % 12.62 12.29
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PROFITABILITY
Net profit of your Bank for the Financial Year 2018-19 is ` 99.69 crore as against ` 100.90 crore for the previous
financial year. This marginal fall in Net Profit is due to increase in provision towards NPA.
Your Directors recommend the following appropriations of the Net Profit of the Bank :-
(Amount in `)
Particulars 2018-19 2017-18

Statutory Reserve Fund 24,92,36,500.00 25,22,56,000.00
Proposed Dividend 31,55,51,000.00 31,95,26,000.00
Building Reserve Fund 8,50,00,000.00 7,00,00,000.00
Dividend Equilisation Fund 6,00,000.00 6,00,000.00
Investment Fluctuation Fund 15,00,00,000.00 10,00,00,000.00
Members Welfare Fund 50,00,000.00 50,00,000.00
Staff Welfare Fund 30,00,000.00 30,00,000.00
Staff Medical Fund 50,00,000.00 50,00,000.00
Charity Fund 99,69,500.00 1,00,90,500.00
Education Fund 99,69,500.00 1,00,90,500.00
Reserve fund for Unforeseen Losses 9,96,95,000.00 10,09,05,000.00
General Reserve Fund 5,89,23,500.00 12,75,54,000.00
Technology Reserve Fund 50,00,000.00 50,00,000.00
Balance transfer to Statutory Reserve Fund 120.02 164.75
TOTAL 99,69,45,120.02 100,90,22,164.75
SHAREHOLDERS :
DIVIDEND
The Board of Directors are pleased to recommend a Dividend of 11% for the year ended 31st March, 2019. The
Dividend outgo is 31.65% of the Net Profit in the financial year 2018-19 as against 31.67% of the previous year
i.e. 2017-2018 which indicates that even after keeping the percentage of Dividend in lines with the previous
year, the difference in the outgo percentage is high compared to other peer group members. This is due to the
Bank’s liberal policy of investment in Shares.
IDENTITY CARDS :
To align with the KYC Norms laid down by the Reserve Bank of India, your Board has decided to stop issuing
Identity Cards to its members and instead verify the identity with the KYC already available with it.
EMAIL ID FOR QUERIES

Your Bank has created a dedicated email id annualreportqueries@pmcbank.com for its members for sending
their queries regarding annual report.
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DEPOSITS
Your Bank in its ‘Vision 2020’ had visualized a target to achieve ` 20,000 crore Business Mix. The Board gladly
announces that your Bank had reached the coveted Business Mix of ` 20,000 crore. The sole objective behind
this vision was to make your Bank eligible to apply for becoming a commercial bank.
The Bank continued its initiative to target Schools, Colleges, Co-operative Societies and Corporates for their
accounts, increase its customer base by promoting products like E-siksha and E-colony which is also increasing
Bank’s visibility and footfalls in the Branches. Various customer meets and contests were arranged at Bank and
Branch level due to which a considerable growth of 16.89% is registered in deposits to reach ` 11617.34 crore
as on 31st March, 2019 as against the deposits of ` 9938.85 crore in the year 2017-18.
The category-wise break up of deposits during preceding two years namely 2017-18 and 2018-19 is given as
under:
(` in crore)
Types of Deposits 31.3.2019 31.03.2018 % increase
Term Deposits 9325.97 7842.49 18.92
Demand Deposits 2291.37 2096.36 9.30
Total 11617.34 9938.85 16.89
ADVANCES:
Credit :
Your Bank’s total Advances for the financial year 2018 -19 is ` 8383.33 crore, indicating a net increase of
12.86% i.e ` 955.25 crore on previous financial year 2017-18. Your Bank has shifted its focus to priority sector
advances i.e. MSME advances to be in line with the regulatory requirements of Reserve Bank of India. Banking
sector is facing various challenges and to overcome these challenges faced by MSME sector, Reserve Bank of
India issued guidelines on restructuring of MSME borrowers registered under GST regime. This restructuring
guideline is made applicable to all MSME borrowers having total borrowing up to ` 25 Crore. However, growth
of Banking Industry largely remained passive during financial year 2018-19. Your Bank has calibrated its credit
policies to be more competitive. Your Bank has also focused on different lending strategies according to the
MSME lending rules so that the priority sector portfolio is increased. Further, your Bank has revised rate of
interest on priority sector advances during the financial year 2018-19.
Pradhan Mantri Awas Yojana :

Your Bank has tie-up with National Housing Bank (the Nodal Agency) to provide Credit linked subsidy scheme
– Pradhan MantriAwasYojana i.e. PMAY. The subsidy is launched for Economically Weaker Sections (EWS) and
Lower Income Groups (LIG) to provide affordable housing. The Scheme is now extended to Middle Income
Group (MIG) also.
10
The details of subsidy claims of the Bank settled by NHB during the FY 2018-19 are as below:
Scheme Type Total Application send Total Application settled Total amount of Subsidy
to NHB Received
(` in Lakh)
EWS/LIG Old 7 4 8.72
EWS/LIG New 92 92 234.30
MIG-I 63 51 111.77
MIG-II 7 7 14.85
TOTAL 169 154 369.64
Note : The remaining 15 claim applications are settled in the current ¬financial year 2019-20. The Subsidy
claims are the continuous process, as Government of India has extended the scheme upto 2022.
STRESSED ASSETS:
In the year under review, the banking industry has witnessed increase in stressed assets at alarming rate,
which affects its financial position. The management of stressed assets is a major challenge before the entire
banking industry in recent times. The low liquidity in the economy has put tremendous pressure on the cash
flow of borrowers resulting in default in servicing the debt; consequently stressed assets of your Bank have
also increased to some extent. The concerted efforts were taken by Bank’s Monitoring Cell to curtail the NPA
at all levels. For speedy recovery, the several recovery tools are used by the Bank’s recovery team. This effort
has yielded desirable result. The Bank has made requisite provision as per the guidelines of Reserve Bank of
India, pursuant to which, the Bank’s percentage of Gross NPA to Gross Advances is 3.76% while Net NPA to Net
Advances is 2.19% for the year ending March 31,2019.
To cleanse the Balance Sheet, the tool of selling / assignment of NPA portfolio to SCs/RCs [Securitisation
companies/ Reconstruction companies] is used by many banks. Your Bank has also sold/ assigned 11 No. of NPA
accounts having principal amount of ` 110.75 crore, net book value and reserve price of ` crore. The Bank has
sold / assigned said NPA portfolio to M/s. CFM Asset Reconstruction Pvt. Ltd. (CFMARC) for ` 105.00 crore as
on 30/03/2019.
INVESTMENTS
Financial year 2018-2019 is a challenge for the fixed income markets in India. In the domestic front, extra market
borrowings due to a miss in fiscal deficit target for FY18-19 and a sticky core inflation weighed on the market
sentiments. A strong global macro headwinds by the way of rate tightening by the US Fed (raising key rate by
25bp each on four occasions aggregating 100bp) and rising crude prices further added to the adversity. With
initiating rate action, the RBI talked up the market yields, possibly to prepare the way for any further adverse
escalation in macros, while still assessing the sustainability of such developments. Resultantly, benchmark India
10-year yields approached near 8% mark. Subsequently, fresh turbulence in emerging markets led by the US-
China trade war tensions and currency depreciation in Turkey, Mexico and Argentina had a cascading impact on
India with FPI flows turning negative in debt market. Consequently, the INR also suffered massive depreciation
of nearly 15%, hitting an all-time low mark of 74 before settling down to around 70, adding to the bond market’s
woes. These developments spiked bond investors taking India 10-year yield to the yearly high of 8.25%.
11
In such increasing interest rate scenario, the Bank preferred to hold securities under Held till maturities to avoid
mark to market losses. Thus Bank shifted Securities worth ` 28,015.35 lakh from AFS (Available for Sale) to
HTM (Held till Maturities) category. Further, the securities were acquired from secondary market under HTM
category at higher yield to improve the yield of the Portfolio.
CAPITAL TO RISK ASSET RATIO (CRAR)

As your Bank is an Authorised Dealer Category I Bank, it is required to maintain consistent CRAR above 12%. As
against the same, your Bank’s CRAR has stood at 12.62% and continues to retain a healthy Capital to Risk Assets
Ratio (CRAR).
INTERNATIONAL BANKING DIVISION

Your Bank has completed seven years of independent foreign operations and holds permanent AD- Category
I license issued by Reserve Bank of India. The Bank has ‘A’ Category – Forex Treasury branch at Bhandup and
4 ‘B’ category branches at Bhandup, Andheri, Bengaluru and Delhi. The Bank is maintaining Nostro Accounts
in 5 foreign currencies i.e USD, GBP, EUR, JPY and AED. The Bank has correspondent relationship with leading
International Banks and overseas branches of Indian Banks.
The Trade war between USA and China has affected International business and financial markets. The restriction
imposed by USA on Iran has an impact on crude oil price resulting into price rise and disturbance in international
trade. The Indian rupee depreciated by 6.10% during F.Y. 2018-2019.
The Bank has undertaken reasonably good volume of forex business despite various constraints. The Bank
has been handling variety of forex business such as issuance of Import LCs, Import bills on collection basis,
Export bill under LCs / on Collection , collection of clean instruments, Overseas Direct Investment, Foreign
Direct investment, Money Transfer Services, and arranging forex travel prepaid cards. The Bank extends Export
Credit in INR / Foreign currency - Packing Credit and Post shipment Credit, Loans against Non-resident deposits,
Housing loan to Non-residents The Bank has good amount of Non-resident deposits – NRE/NRO/FCNR(B). The
Bank has earned reasonably good profit and exchange margin during F.Y. 2018-2019. The Bank has secured
SWIFT network for International Wire Transfers and has complied with their Customer Security Programme.
BRANCH NETWORK
As on date your Bank has a network of 137 Branches across 7 States.
The State-wise network of the Branches is as under :
No. of Branches
Maharashtra : Mumbai and adjoining Thane / Navi Mumbai / Palghar District 81
Kolhapur 6
Pune 10
Rest of Maharashtra 6
Goa 6
Delhi 6
Gujarat 5
Madhya Pradesh 2
Karnataka 15
Total 137
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Keeping in view the suggestions of many of the members and the current business scenario, the Bank has
adopted the policy of business expansion by concentrating more on the loss making branches and increasing
their business and curtailing its capital expenditure that would be incurred by way of opening new branches.
Your Bank is in the process of shifting of the Aurangabad Branch situated at Bagga Chambers, Jalna Road to
Savarkar Nagar, Near Connaught Place.
CHANNEL BANKING
Your Bank has started various new schemes / services for its customers namely :
1. PMC Bonanza Reward App
Your Bank has introduced “PMC Bonanza” which is a Loyalty Reward App for its esteemed customers.
The app makes banking more rewarding wherein the customers can earn reward points for regularly
banking and using digital channel for carrying out the transactions. Reward points can be earned and
redeemed as over 15000 merchandised items are available in the app. This will add one more step
towards “Most Preferred Bank”.
2. Sapphire Scheme Bank Account
With a view to attracting more and more HNI Clients, your Bank has successfully introduced Savings
and Current Bank Deposit Scheme called Sapphire Saving / Current account. Similar facilities are being
offered to NRI customers also. The Sapphire Deposit Scheme provides customers with a bouquet of
delights and host of benefits. It offers HNI clients an edge over other depositors. The Bank is paying 6%
interest for its Savings account holders under this scheme; Accidental Insurance cover upto ` 2 lakh free
of cost and is also providing Debit Card with enhanced limit facility.
3. Co-branded Prepaid Payment Instruments
Your Bank has introduced Co-Branded Prepaid Payment Instruments for which it has entered into an
arrangement with Mobile Wallet (TMW) Company. This will not only be additional source of income to
the Bank but also another product to our clients. Card issued by the Company will add a brand value to
your Bank’s name.
4. Self-registration service in Mobile Banking application
In order to help customers to register themselves for Mobile Banking services, your Bank has introduced
self registration service in Mobile Banking application. Now, customers can download the Mobile
Banking App and register themselves using debit card details through this application. Customer is not
required to visit the branch.
5. Online password reset option in Internet Banking
Your Bank has also introduced online password reset option in Internet Banking application. Now,
customer can reset his password using forgot login and transaction password option. They can enjoy
the services anywhere.
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6. 3 in 1 account
Your Bank has introduced a checking account scheme called ‘3 in 1’ Account wherein the customer has
a Savings or Current Account and Demat Account. He can undertake online trading with the broker
Way2Wealth by entering in an account. 3 in 1 account provides all the facilities in one go. The customer
can transact his trading activities at ease.
7. Nivratika Savings Bank Account
Your Bank is proud to announce that Government of Maharashtra has permitted the Bank to open
saving bank account of the pensioners of Govt. of Maharashtra. This will enable your Bank to serve the
retired employees and offer our various products and services.
M.R. PAI MEMORIAL AWARD

For the year 2019, the M. R. Pai Memorial Award instituted by your Bank organized by All India Bank Depositors
Association will be presented to Dr. Sam Taraporevala of Xavier’s Resource Centre for the Visually Challenged
(XRCVC) on October 14, 2019. The XRCVC was started in the year 2003 as an effort to ensure an inclusive
environment at St. Xavier’s College, for its students with blindness and low vision. The XRCVC has now become
a national advocacy and support centre for the blind and low-vision across the city and the country.
MEMBERS WELFARE FUND

The Board of Directors of your Bank have recommended an amount of ` 50.00 lakh towards the Members
Welfare Fund. During the year 2018-19, total 9 members have availed of the benefit under these schemes - 4
members under Medical category and 5 under Merit category.
HUMAN RESOURCES AND TRAINING

The Human Resource Management Department (HRMD) continued to perform its role of nurturing the Bank’s
staff and it has been creating an environment conducive for learning, growth and creation of better service
conditions. During the period from April 2018 to March 2019, the HRMD has recruited 101 new staff to cope-
up with the increased volume of business and to man the newly opened three branches. Resultantly, the total
number of employees of the Bank aggregated 1814 as on March 31, 2019.
During the year 2018-19, the HRMD has conducted 101 training programs. These programs included seven
Induction Programs exclusively conducted to train all the newly recruited staff. All our training programs,
including the Induction program, have been aligned to take care of the needs of various banking aspects with
the focused attention on customer service on one hand and up-gradation of professional skills on the other
hand. For promoting our banking products and procedures relating to important banking issues, specific 33
programs were conducted on subjects like Know Your Customer, Branch Profitability, SMS Banking, Mobile
Banking, Internet Banking, Debit Card, Rupay Credit Card, Visa Debit Card, Bulk Note Acceptance, E-Shiksha,
Colony World, IT Security, Cyber Security, and Corporate Fraud Detection. Six programs on Finacle Software
were conducted by our IT Department. Another eight training programs were conducted for development of
professional skills like credit lead creation, lendperfect software, CIBIL report, credit follow-up, credit recovery
and credit appraisal. For enhancing the soft skills of our staff members 14 programs were conducted by external
specialized professionals viz., Kinder Brothers, and 6th Sense. Five exclusive programs on Customer Relationship
Management and another 10 exclusive programs on life and non-life insurance were conducted during the year
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under review. Similarly product/scheme specific programs about on-line trading (6), Atal Pension Yojna (2), and
Sapphire Savings Bank Account (7) were conducted for upgrading the skills of staff. One day seminar on RBI’s
Monetary Policy Review was conducted specifically for Senior Officials of Central Office. As required by the RBI,
for developing the Board of Directors into a policy and decision making body, a seminar was conducted in May
2018. Another short duration certification program on IT and Cyber Security was attended by the Directors on
the Board at IDRBT, Hyderabad.
The Bank has deputed 57 staff members to 29 off-site training programs conducted by external agencies such
as the National Payments Corporation of India; Institute for Development & Research in Banking Technology
(IDRBT); College of Agricultural Banking (RBI); Indian Institute of Banking & Finance (IIBF); National Federation of
Urban Co-operative Banks & Credit Societies (NAFCUB); Laxmanrao Inamdar National Academy for Co-operative
Research and Development; One India Bulls Centre; and the Maharashtra Urban Co-operative Banks Federation.
AUDIT AND INSPECTION

The success of any institution is depending upon its governance. The Bank has formed an Audit Committee
consisting of the directors who are experienced Banking Experts as per the requirement of the RBI. The said
committee meets regularly and reviews the overall Audit and Compliance posture of the Bank. This has helped
in ensuring transparency in financial statements and protecting shareholders interest.
Your Bank has put in place an effective and robust internal checks and control system, commensurate with its
size, geographical presence, operational challenges and risk exposure.
All the Branches and Departments are covered under audit not only by external audit firms which are well
experienced Chartered Accountant Firms but also by internal inspection team which consists of senior banking
officials.
Also with the evolving banking technologies and thrust over Digital Banking, the need for ensuring information
and cyber security is duly taken care of by your Bank. Your Bank has implemented a duly approved IS Audit
process which covers security assessments of all critical IT infrastructure risks. For the purpose of System Audit
your Bank had appointed CERT-IN empanelled IS Audit Firms who have submitted their System Audit reports
well in time.
A risk based audit approach has been followed for managing the overall Bank’s governance aspect so as to
monitor the performance of the overall internal controls implemented for current as well as upcoming risks of
all nature.
VIGILANCE
Your Bank has the Vigilance Department which is responsible for the overall monitoring of the attempted
frauds, actual frauds and discrepancies faced during the course of Banking business. The role of Vigilance
Department is to monitor the critical operations and ensure a pro-active approach towards prevention of the
frauds. All the frauds details and recovery actions taken thereof are reported to the Apex authority i.e. the
Audit Committee/Special Committee of Board for monitoring fraud cases and to the Board. Also the regulatory
reporting requirements are fulfilled regularly and well in time. As a preventive measure, the modus operandi
of frauds, if any, detected at your Bank as well as in Banking Industry are communicated to all the Branches
through internal circulars so as to take adequate precautions and awareness in future.
15
RISK MANAGEMENT
Your Bank has in place a Risk management policy and also every Department focuses on the respective risk and
control aspects in its policies and procedures.
The internal manuals, circulars and procedures are defined in detail and reviewed from time to time so as to
ensure minimal operations, credit, legal, liquidity, counter party, foreign exchange risks and reputation risk. The
Risk Management Department of your Bank not only helps in identifying, monitoring and measuring the risk
parameters but also ensures that adequate controls are in place for the varied levels of risks.
TECHNOLOGY
Digital India was conceived five years ago as a way to push the country’s digital transformation forward and
empower the common man in the process. The base of these efforts has been the government’s emphasis on
developing infrastructure to enable affordable internet access for all and for every Indian to possess a digital
identity.
Your Bank’s Customer Registration for internet banking and mobile banking has increased by 5 % and 40 % over
the previous year.
Channel transactions have shown a tremendous/substantial growth year on year by 151% thus showing
immense faith of our customers on your digital products.
Your Bank strategy of implementation of best industry standards, robust vendor management policy detailed
research of latest technologies and efficient project management ensures that your Bank is always ahead of the
offerings in digital banking services.
Your Bank is significantly investing in offering Digital services. The Bank is constantly building and enhancing the
IT infrastructure using latest technology for securing Data Centre and upgrading its Disaster Recovery site which
supports critical applications of the Bank.
Round the Clock Digital banking

First in Co-operative bank Sector to implement
• Credit Cards
• Interoperability cash Deposit
• NETC Fastag
• Cash recyclers across Pan India
• Bharat Bill Payment System
Technology innovation during the year
• Digital Cheque book
• E Shiksha
• Colony World
• Set Debit Card limit
16
• Self registration for Internet Banking and Mobile Banking

• Online deposit opening and closure in Internet Banking
Your Bank is concentrating more on technology as a Business booster for achieving standards in customer
service. The Bank is constantly taking measures to meet the requirements of the Reserve Bank of India in lines
with its Cyber Security Framework and the practices followed in the Banking Industry. The security controls
measures apply across our Data centre, core banking, ATM environments as well as external digital interfaces.
Customer awareness through high engagement is undertaken from the security point and best practices on
user acceptance, password security are incorporated etc. Further your bank’s board members and senior
management personnel have been trained on Cyber Security from IDRBT & IIBF.
Particularly in the year under review, your Bank is at the forefront to provide unique bouquet of lobby services
to the customers viz Self operating Kiosks primarily used for passbook printing, cheque deposit, statement of
account, mini statement, fate of cheque, stop payment, etc further Cash recyclers machine used for Card less
cash deposits and hassle free withdrawals and green pin generation, etc., are also being offered.
Your Bank also offers various other delivery channels products viz, Missed call services, SMS Banking, E-Statement,
EMAIL & SMS notification, BBPS, UPI, Internet Banking, Mobile Banking, Bharat QR, NETC Fastag etc,
Technology Milestones ahead (Upcoming Projects)
• Prepaid Cards (which includes Gift Cards, Meal Cards etc)
• Chat Bots
• Prepaid Wallets
• Whatsapp banking
• Loyalty Rewards Programme
• Insta Demat Account
• Digital Customer Onboarding
Your Bank is working towards implementing a robust Fraud and Risk Monitoring solution to help, detect and
prevent fraudulent channel transactions, in order to maintain the security of your Bank and its customers.
CORPORATE TIE-UP FOR INSURANCE & MUTUAL FUNDS:

As a Corporate Agent, your Bank continues to offer insurance products of multiple companies under Open
Architecture Policy of IRDAI.
In Life Insurance stream, we have tied up with Max Life Insurance Co. Ltd., Exide Life Insurance Co. Ltd. and Life
Insurance Corporation of India.
In the general insurance category, the Bank had already tied up with Future Generali India Insurance Co Ltd
(FGIIC). In the Financial Year 2018-19, in order to wider the avenues for the potential customers, your Bank
has tied up with New India Assurance Co Ltd. in the Financial Year 2018-19. New India Assurance Co. Ltd. is a
pioneer in Non-Life Business in India. In health category, we have tied up with Religare Health Insurance Co. Ltd.
17
The Bank continues serving customers through social security schemes such as Pradhan Mantri Jeevan Jyoti
Bima Yojana (PMJJBY) ,Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY). We have
a persistency ratio of 93% under PMJJBY scheme and 94% under PMSBYscheme.
The Bank has successfully enrolled more than 68000 applicants under these schemes and has aided in settling
2 claims of Pradhan Mantri Suraksha Bima Yojana and 21 claims of Pradhan Mantri Jeevan Jyoti Bima Yojana
in Financial Year 2018-19 totaling to an amount ` 46 lakh.
The Bank is also distributing Mutual fund products of UTI Mutual Fund and Reliance Mutual Fund.
CUSTOMER CONVENIENCE CENTRE

The Customer Convenience Centre (CCC) has been in existence for last three years. Through this CCC we have
been attending to customers’ queries and lending support and guidance required for smooth banking by the
customers. The activities at CCC have been expanded by bringing the branch communication system both
‘Inbound’ and ‘Outbound’ under the toll free number.
All the local and outstation branches are now under Centralised Calling System. Resultantly, all customers of the
Bank have one point to contact the Bank. The queries of customers except financial transactions information
such as branch timings, information of banks various services, products, etc. are resolved on our toll free
number. In case the customers insist for any specific information pertaining to their accounts, they are directed
to the respective Branches /Departments for clarification of their queries.
ADVERTISING & PUBLICITY

Advertising & Marketing Department plays an important role in Banking Sector by making customers, prospects
& investors aware and attracted towards our products and services. While creating an overarching image that
represents our Bank in a positive light. To stimulate your Bank’s various schemes to a greater extent in different
areas, the Bank has been constantly making efforts to project its brand image prominently. Our various lucrative
products & services always carry certain unique features. In order to bring to notice about them among general
public at large, your Bank has been using many conventional & non-conventional media such as Print Media,
Outdoor advertising & Digital marketing, sponsorship to various festivals, social & cultural events conducted
by NGOS, Trusts, and educational institutions. This also boosts social harmony. With a view to constantly
connecting with public at large, and especially with new generations, the social media platforms like Website,
Facebook are proactively handled. This has helped in disseminating important information like introduction
of premium schemes, changes in rate of interest, announcements, etc instantaneously. In addition to this, the
platform has also been helpful in receiving valuable suggestions & feedbacks. In order to exhibit our presence
among cooperative banking sector, we are publishing our Bank’s new developments, events & launching of
new products and services from time to time on www.indiancooperative.com .
Every year, your Bank presents specially designed calendar for the new year. However, as you all know that
environment consciousness is catching up & natural resources are becoming scarce day by day .Keeping the
current trend Live Green...Save Green, your Bank has opted for E-Calendar for the year 2019 with a theme
"Donate Happiness". It gives information and creates awareness about need of “Organ Donation”. These
18
E-Calendars can be easily accessed on your Mobiles or Laptops from anywhere anytime through our Bank’s
website.
This year, the Department had explored one more different media for advertising i.e though OLA/UBER cabs
branding .These Cabs cover all the corners of the Mumbai city & its suburbs, Navi Mumbai & Thane district . We
got good response and visibility from this campaign.
You are aware that your Bank contributes towards various social causes. This year also, the Bank has contributed
funds to provide raincoats to Mumbai & Thane Police, a small gesture which indirectly demonstrates respect
to the law & order maintaining genre. To know latest news and developments in your Bank our honorable
shareholders are requested to log on to www.pmcbank.com / facebook.com.
CORPORATE SOCIAL RESPONSIBILITY:

Social Responsibility has always been an integral part of your Bank. Your Bank has continued the legacy of
donating One Rupee per ATM transaction for the year 2018-19 amounting to `16.00 lakh each to CRY and SAVE
THE CHILDREN. The Bank has also donated a sum of ` 11 lakh to Nishan-E-Sikhi Foundation for training women
aspirants for Police and Para-Military forces.
On the occasion of the 550th Prakash Purab of Saheb Sri Guru Nank Dev Ji, your Bank has sponsored a mega tree
plantation drive organized by the Maharashtra Sikh Association. 11000 trees will be planted on the Sion Panvel
Highway, Mankhurd to Panvel with the support of Padmashree Sant Baba Seva Singh Ji. Your Bank has also
purchased a water tanker in the Bank’s name which will be used for watering the plants on the above stretch.
AMENDMENTS TO BYE-LAW
Your Board proposes to make amendment in bye-law no. 9(B) and addition in bye-law no. 41(d). We also seek
your wholehearted support for the proposed bye-law amendments.
ACKNOWLEDGEMENTS:
The Board of Directors place on record their gratitude to the Members, Customers and Well-wishers for extending
their whole hearted support and co-operation in the development of the Bank. Without their support, such a
tremendous growth and development would not have been possible.
We place on record our thanks to the Chief General Managers of Department of Co-operative Bank Supervision,
Regional Office & Central Office, Reserve Bank of India, and their staff for their valuable guidance.
We place on record our thanks to the Central Registrar, Delhi, Govt. of India, The Commissioner for Co-operation
and Registrar of Co-operative Societies in the State of Maharashtra, Delhi, Karnataka, Goa, Gujarat and Madhya
Pradesh for the guidance and assistance extended to the Bank.
The Board of Directors are thankful to the Management of all the Gurudwaras, Schools, Sewak Jathas, Societies
and other institutions for their support and co-operation.
The Board thanks the President and General Secretary of Co-operative Bank Employee’s Union for their support
and co-operation.
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The Bank is also thankful for the co-operation and support extended by the Office and staff of The Maharashtra
Urban Co-operative Bank’s Federation Ltd., Brihan Mumbai Nagari Sahakari Bank’s Association Ltd. and the
Maharashtra State Co-operative Bank’s Association Ltd.
The Board of Directors are thankful for the co-operation and support extended by all the Staff of the Bank.
We also thank the various institutions and individuals who have extended their co-operation and assisted us,
directly and indirectly in the overall growth, development and prosperity of the Bank.
For and on behalf of the Board of Directors
S. WARYAM SINGH
Chairman
Comparative position of growth over the last one year is as given below:
(` in Crore)
Particulars March 2019 March 2018 Increase/
Decrease in %
over last year
Share Capital 292.61 294.22 (0.55)
Reserves 933.94 814.80 14.62
Deposits 11617.34 9938.85 16.89
Cash Investments & Bank Balance 4243.12 3325.68 27.59
Advances 8383.33 7428.08 12.86
Gross Income 1297.98 1170.49 10.89
Working Capital 13313.25 11390.10 16.88
Net Profit Before Tax 156.29 169.67 (7.89)
Net Profit After Tax 99.69 100.90 (1.20)
No. of Branches 137 134
20
INDEPENDENT AUDITOR’S REPORT

To :
The Members
PUNJAB AND MAHARASHTRA CO.OP BANK LTD.,
Report On the Financial Statements
1. We have audited the accompanying financial statements of Punjab And Maharashtra Cooperative Bank
LTD as at March 31, 2019, which comprises the Balance Sheet as at March 31, 2019, and the Profit and
Loss Account, the Cash Flow Statement for the year then ended and a summary of significant accounting
policies and other explanatory information.
Management’s Responsibility for the Financial Statements
2. Management is responsible for the preparation of these financial statements that give a true and fair view
of the financial position, financial performance and cash flows of the Bank in accordance with provisions
of the Banking Regulations Act, 1949, the guidelines issued by the Reserve Bank of India and the guidelines
issued by the National Bank for Agricultural and Rural Development, the Central Registrar of Cooperative
Societies, the Multi State Co‐operative Societies Act, 2002, the Multi State Co‐operative Societies Rules,
2002 and accounting principles generally accepted in India so far as applicable to Banks. This responsibility
includes the design, implementation and maintenance of internal controls relevant to the preparation and
presentation of the financial statements that are free from material misstatement, whether due to fraud
or error.
Auditor’s Responsibility
3. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted
our audit in accordance with Standards on Auditing issued by the Institute of Chartered Accountants of
India. Those Standards require that we comply with ethical requirements, plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatements.
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 auditor’s 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 Bank’s
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of
the Bank’s internal control. 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.
5. We believe that the audit evidence, we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
21
Opinion
6. In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid financial statements together with the Notes thereon give the information required by the
Banking Regulation Act, 1949, the Multi State Co‐operative Societies Act, 2002, the Multi State Co‐
operative Societies Rules, 2002, the guidelines issued by the National Bank for Agricultural and Rural
Development (as applicable), guidelines issued by Reserve Bank of India and the Central Registrar of
Cooperative Societies, in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India.
a) In the case of the Balance Sheet, of state of affairs of the Bank as at March 31, 2019
b) In the case of the Profit and Loss Account, of the profit for the year ended on that date; and
c) In the case of the Cash Flow Statement, of the cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements
7. The Balance Sheet and the Profit and Loss Account have been drawn up in Forms “A” and “B” respectively
of the Third Schedule to the Banking Regulation Act, 1949 and the Multi State Co‐operative Societies Act,
2002 and the Multi State Co‐operative Societies Rules, 2002.
8. As required by Section 73(4) of the Multi State Co‐operative Societies Act, 2002, we report that
a) We have obtained all the information and explanations, which to the best of our knowledge and
belief were necessary for the purpose of our audit and have found to be satisfactory.
b) In our opinion, proper books of account as required by law have been kept by the Bank so far as it
appears from our examination of those books and proper returns adequate for the purposes of our
audit have been received from the branches/offices.
c) From the information and according to the explanation rendered to us, the transactions of the Bank
which came to our notice have been within the powers of the Bank as required by Section 30(3) of
the Banking Regulation Act, 1949.
d) The Balance Sheet and the Profit and Loss Account dealt with by this report are in agreement with
the books of account and the returns.
e) The reports on the account of the branches/offices audited by the branch concurrent auditors have
been forwarded to us and have been properly dealt by us in preparing this report.
f) The accounting standards adopted by the Bank are consistent with those laid down by accounting
principles generally accepted in India so far as applicable to Banks.
g) In our opinion and according to information and explanations given to us, we have not noticed any
material impropriety or irregularity in the expenditure or in the realization of money due to the bank.
9. As required by the Rule 27(3) of the Multi-State Co-operative Societies Rules, 2002, we report on the
matters specified in clauses (a) to (f) of the said Rule to the extent applicable to the Bank.
a. During the course of our audit, we have generally not come across transactions which appear to be
contrary to the provisions of the Act, the Rules or the Bye-Laws of the Bank.
22
b. During the course of our audit, we have not come across material and significant transactions which
appear to be contrary to the guidelines issued by the Reserve Bank of India and National Agriculture
and Rural Development Bank.
c. The following monies due to the Bank appear to be doubtful of recovery against which a provision of
` 2,681.77 Lakhs is made in the accounts. (Advances categorized as doubtful and loss assets as per
prudential norms are considered as doubtful of recovery).
(` In Lakhs)
Category Outstanding as on 31.03.2019

Doubtful Assets (iii) 2,666.24
Loss Assets 15.53
d. As per the information provided to us and to the best of our knowledge, the following credit facilities
have been sanctioned by the Bank to the members of the Board or their relatives.
(` In Lakhs)
Particulars Amount Outstanding Security Value Overdues, if any

Fund Based 29.16 43.65 0.00
Non Fund Based 12.50 13.03 0.00
e. During the course of our audit, we have generally not come across any violations of guidelines,
conditions etc. issued by the Reserve Bank and National Agriculture and Rural Development Bank.
f. To the best of our knowledge, no other matters have been specified by the Central Registrar, which
require reporting under this Rule.
For Lakdawala And Co
Chartered Accountants
ICAI FRN : 145569W
CA K. P. Lakdawala
Partner
Membership No. 035633
Statutory Auditors
Place: Mumbai
Date: September 07, 2019
23
Balance Sheet as at March 31, 2019

(Amount in `)
SCHEDULE CURRENT YEAR PREVIOUS YEAR
CAPITAL & LIABILITIES
31.03.2019 31.03.2018
1 CAPITAL 1 292,60,98,375.00 294,21,67,975.00
2 RESERVE FUND & OTHER RESERVES 2 933,94,06,343.84 814,80,16,760.50
3 DEPOSITS & OTHER ACCOUNTS 3 11617,33,69,351.54 9938,85,09,571.68
4 BORROWINGS 4 305,90,16,000.00 251,79,72,000.00
5 BILLS FOR COLLECTION 10,52,894.21 1,98,954.97

BEING BILLS RECEIVABLE (As per Contra)
6 OVERDUE INTEREST RESERVE 137,76,85,413.08 98,32,84,334.13

(As per Contra)
7 INTEREST PAYABLE 35,68,72,006.78 22,93,94,725.96
8 OTHER LIABILITIES 5 296,44,32,586.57 239,19,93,899.05
TOTAL 13619,79,32,971.02 11660,15,38,221.29
CONTINGENT LIABILITIES 12 1721,08,43,069.94 1125,67,95,355.72
As per our Report of even date attached

For Lakdawala And Co S. Waryam Singh
Chartered Accountants Chairman
ICAI FRN : 145569W
CA K. P. Lakdawala S. Balbir Singh Kochhar
Partner Vice Chairman
Statutory Auditors Mr. Joy Thomas
Managing Director
Date :September 07, 2019
24
Balance Sheet as at March 31, 2019

(Amount in `)
SCHEDULE CURRENT YEAR PREVIOUS YEAR
PROPERTY & ASSETS
31.03.2019 31.03.2018
1 CASH 6 708,55,24,409.87 540,27,66,244.27
2 BALANCES WITH OTHER BANKS 7 409,69,30,640.75 276,03,49,147.91
3 INVESTMENTS 8 3124,87,07,813.23 2509,37,23,796.35
4 ADVANCES 9 8383,32,91,762.66 7428,08,34,195.90
5 BILLS RECEIVABLE 10,52,894.21 1,98,954.97
BEING BILLS FOR COLLECTION
(As per Contra)
6 BRANCH ADJUSTMENTS 0.00 7,247.36
7 OVERDUE INTEREST RECOVERABLE (NPA) 137,76,85,413.08 98,32,84,334.13
(As per Contra)
8 INTEREST RECEIVABLE 63,05,77,881.46 59,92,96,419.19
9 FIXED ASSETS 10 507,96,47,895.81 539,44,15,142.95
10 OTHER ASSETS 11 283,93,90,259.95 208,15,38,738.26
11 NON BANKING ASSETS ACQUIRED IN 51,24,000.00 51,24,000.00
SATISFACTION OF CLAIMS
TOTAL 13619,79,32,971.02 11660,15,38,221.29
Directors
25
Profit & Loss Account for the Year ended March 31, 2019
(Amount in `)
CURRENT YEAR PREVIOUS YEAR
EXPENDITURE 31.03.2019 31.03.2018
1 Interest on Deposits, Borrowings etc. 754,18,71,141.27 680,15,38,432.73
2 Salaries and Allowances 113,62,35,674.39 105,13,46,342.52
3 Rent, Taxes, Insurance, Lighting etc. 39,40,35,109.03 34,49,59,406.20
4 Legal Charges 1,02,866.00 70,600.00
5 Postage, Telegram and Telephone charges 8,70,01,239.16 7,69,75,893.88
6 Audit fees & Professional Charges 8,97,43,076.41 8,93,99,261.85
7 Depreciation/ Amortisation of Assets 46,14,78,240.09 46,13,50,567.44
8 Printing Stationery and Advertisement
i) Printing and Stationery 3,16,89,146.65 4,06,01,803.31
ii) Advertisement 2,72,69,412.20 4,13,26,868.68
5,89,58,558.85 8,19,28,671.99
9 Other Expenditure
i) Bank and Other Charges Paid 18,22,16,896.22 13,14,66,737.21
ii) Repairs and Maintenance of assets 20,62,48,107.12 19,60,51,812.45
iii) Premium paid to DICGC 10,56,62,326.00 9,68,63,817.00
iv) Travelling and Conveyance 79,59,163.79 75,56,692.57
v) Security Charges 7,65,66,166.40 7,37,99,668.10
vi) Amortisation of Premium on Investments 3,06,69,278.70 2,98,91,796.94
vii) Miscellaneous Expenses 15,64,84,038.30 14,35,60,267.57
76,58,05,976.53 67,91,90,791.84
10 Provisions
i) Provision Against Standard Assets 2,95,00,000.00 4,45,00,000.00
ii) Provision for Bad & Doubtful Debts 69,55,00,000.00 20,25,00,000.00
iii) Provision for Investment Depreciation Reserve 15,67,32,290.00 16,58,22,631.12
iv) Provision for other Contingent Liability 0.00 86,40,000.00
88,17,32,290.00 42,14,62,631.12
11 Income Tax Expenses
i) Current Tax 76,50,00,000.00 63,48,21,937.11
ii) Deferred Tax (19,90,61,442.41) 5,28,40,943.25
56,59,38,557.59 68,76,62,880.36
12 Total Expenses 1198,29,02,729.32 1069,58,85,479.93
13 Net Profit after Tax 99,69,45,120.02 100,90,22,164.75
TOTAL 1297,98,47,849.34 1170,49,07,644.68

ICAI FRN : 145569W
Date :September 07, 2019 Managing Director

26
Profit & Loss Account for the Year ended March 31, 2019
(Amount in `)
INCOME 31.03.2019 31.03.2018
1 Interest & Discount 1209,49,06,768.47 1095,66,87,060.77
2 Commission 7,37,98,392.82 9,13,35,945.52
3 Income on Trading(Net) 26,09,13,247.32 16,43,73,474.63
4 Dividend 8,700.00 10,286.00
5 Other Reciepts
i) Bank and Other Charges Received 37,15,36,346.49 29,83,98,998.58
ii) Rent received on lockers 3,75,74,565.00 3,56,22,685.00
iii) Profit on Sale of Assets 74,67,984.70 21,30,773.30
iv) Miscellaneous Income 12,47,28,192.54 14,83,06,888.88
54,13,07,088.73 48,44,59,345.76
6 Excess Provision for Impaired Assets NDCC 89,13,652.00 80,41,532.00
TOTAL 1297,98,47,849.34 1170,49,07,644.68
Directors
27
Appropriation for the Year ended March 31,2019

Appropriations subject to AGM approval (Amount in `)
Particulars CURRENT YEAR PREVIOUS YEAR
31.03.2019 31.03.2018
Statutory Reserve Fund 24,92,36,500.00 25,22,56,000.00
Proposed Dividend 31,55,51,000.00 31,95,26,000.00
Building Fund Reserve 8,50,00,000.00 7,00,00,000.00
Dividend Equilisation Fund 6,00,000.00 6,00,000.00
Investment Fluctuation Fund 15,00,00,000.00 10,00,00,000.00
Members Welfare Fund 50,00,000.00 50,00,000.00
Staff Welfare Fund 30,00,000.00 30,00,000.00
Staff Medical Fund 50,00,000.00 50,00,000.00
Charity Fund 99,69,500.00 1,00,90,500.00
Education Fund 99,69,500.00 1,00,90,500.00
Reserve fund for Unforeseen Losses 9,96,95,000.00 10,09,05,000.00
General Reserve Fund 5,89,23,500.00 12,75,54,000.00
Technology Development Fund 50,00,000.00 50,00,000.00
Balance transfer to Statutory Reserve Fund 120.02 164.75
TOTAL 99,69,45,120.02 100,90,22,164.75

ICAI FRN : 145569W
Managing Director
28
Appropriation for the Year ended March 31,2019

(Amount in `)
Particulars CURRENT YEAR PREVIOUS YEAR
31.03.2019 31.03.2018
Profit Brought forward 99,69,45,120.02 100,90,22,164.75
TOTAL 99,69,45,120.02 100,90,22,164.75
Directors

29
Schedule Liabilities as at March 31, 2019

(Amount in `)
Particulars 31.03.2019 31.03.2018
SCHEDULE 1 - CAPITAL
Authorised Capital
(200,000,000 Shares of ` 25/- each) 500,00,00,000.00 500,00,00,000.00
Subscribed & Paid up Capital 292,60,98,375.00 294,21,67,975.00
292,60,98,375.00 294,21,67,975.00
Amount Called up
on 11,70,43,935 Shares of ` 25/- each 292,60,98,375.00 293,80,67,375.00
(Previous year 11,75,22,695 Shares of ` 25/- each)
(Previous year 41,006 Shares of ` 100/- each) 0.00 41,00,600.00

Refer Notes to Accounts III-4
SCHEDULE 2 -RESERVE FUND & OTHER RESERVES

i) General Reserve Fund 97,74,24,235.00 91,85,00,735.00
ii) Statutory Reserve Fund 213,33,66,236.98 187,92,81,940.96
iii) Members Welfare Fund 5,70,40,000.00 5,21,30,000.00
iv) Staff Welfare Fund 4,15,37,284.91 3,85,37,284.91
v) Dividend Equilisation Fund 67,15,000.00 61,15,000.00
vi) Building Fund Reserve 83,63,68,000.00 75,13,68,000.00
vii) Charity Fund 4,66,89,700.00 4,10,20,200.00
viii) Investment Fluctuation Fund 90,64,64,107.86 75,64,64,107.86
ix) Contingent Provision Against Standard Assets 33,52,00,000.00 30,57,00,000.00
x) Bad & Doubtful Debts Reserve 134,64,99,763.95 70,85,17,675.43
xi) Provision for Other Contingent Liabilities 1,06,14,523.39 1,06,14,523.39
xii) Reserve Fund for Unforeseen Losses 77,10,49,200.00 67,13,54,200.00
xiii) Special Reserve u/s 36(1)(viii) 2,34,00,000.00 2,34,00,000.00
xiv) Contingent Provision against Investment Depreciation 2,23,25,701.00 13,10,25,701.00
xv) Revaluation Reserve 168,66,60,978.41 171,70,22,127.61
xvi) Technology Development Fund 6,50,00,000.00 6,00,00,000.00
xvii) Net Open Foreign Currency Position 3,85,00,000.00 3,85,00,000.00
xviii) Provision for Impaired Assets- NDCC 45,51,612.34 1,34,65,264.34
xix) Staff Medical Fund 3,00,00,000.00 2,50,00,000.00
TOTAL 933,94,06,343.84 814,80,16,760.50
30

(Amount in `)
Particulars 31.03.2019 31.03.2018
SCHEDULE 3 - DEPOSITS & OTHER ACCOUNTS :
i) Fixed Deposits
a) Individuals & Others 7243,33,40,437.90 6174,98,68,153.35
b) Co-operative Institutions 1993,21,78,097.10 1597,12,74,553.30
SUB TOTAL 9236,55,18,535.00 7772,11,42,706.65
ii) Saving Bank Deposits

SUB TOTAL 1836,03,34,907.93 1679,82,73,589.83
iii) Current Deposits

SUB TOTAL 455,33,25,446.18 416,53,03,816.56
iv) Matured Deposits 89,41,90,462.43 70,37,89,458.64

SUB TOTAL 89,41,90,462.43 70,37,89,458.64
TOTAL 11617,33,69,351.54 9938,85,09,571.68
SCHEDULE 4 -BORROWINGS
i) Refinance from National Housing Bank Finance 175,78,91,000.00 121,68,47,000.00
ii) Long Term Subordinate(Tier II) Deposits 130,11,25,000.00 130,11,25,000.00
TOTAL 305,90,16,000.00 251,79,72,000.00
31

(Amount in `)
Particulars 31.03.2019 31.03.2018
SCHEDULE 5 -OTHER LIABILITIES
i) Pay orders 16,82,98,983.26 20,75,81,652.96
ii) Unclaimed Dividend 1,18,99,831.00 1,15,38,915.00
iii) Miscellaneous Accounts 32,84,20,819.75 43,00,38,358.66
iv) Advance Rent Received on lockers 1,80,37,959.92 1,76,85,510.42
v) Advance Interest on Bill Discounted 5,99,594.00 20,598.00
vi) Tax Deducted at Source 6,35,57,718.19 5,86,70,612.08
vii) Provision for Taxes 193,01,00,258.89 116,51,00,258.89
viii) Deferred Tax 0.00 11,06,21,411.25
ix) Collection Account - Kolhapur Janata Sahakari Bank Ltd 28,36,675.00 0.00
x) Collection Account - Jai Shivrai Nagari Sahakari Bank Ltd 86,75,062.00 86,75,062.00
xi) Collection Account - Chetana Sahakara Bank Niyamitha 38,22,900.00 0.00
xii) NFS Network Account 10,26,62,284.56 5,10,55,614.08
xiii) Proposed Dividend 31,55,51,000.00 31,95,26,000.00
xiv) Education Fund 99,69,500.00 1,00,90,500.00
xv) Forex Revaluation Provision 0.00 13,89,405.71
TOTAL 296,44,32,586.57 239,19,93,899.05
32
Schedule Assets as at March 31, 2019

(Amount in `)
Particulars 31.03.2019 31.03.2018
SCHEDULE 6 - CASH
i) Cash in hand 86,07,40,166.50 76,83,42,371.50
ii) Balance with Reserve Bank of India 615,77,79,049.59 456,17,77,134.49
iii) Balance with State Bank of India 5,88,00,850.48 6,42,61,045.98
iv) Balance with State Co-operative Banks 31,507.70 31,507.70
v) Balance with District Central Co-operative Banks 81,72,835.60 83,54,184.60
TOTAL 708,55,24,409.87 540,27,66,244.27
SCHEDULE 7 - BALANCE WITH OTHER BANKS & FOREIGN

BANKS
i) Current Deposits 43,49,69,313.23 39,97,87,916.84
ii) Current Deposits with Banks Abroad 16,52,10,308.36 7,47,49,418.64
iii) Fixed Deposits 349,67,51,019.16 228,58,11,812.43
TOTAL 409,69,30,640.75 276,03,49,147.91
SCHEDULE 8 - INVESTMENTS
i) In Central & State Government Securities* 2456,44,21,385.67 2320,12,78,580.10
Face Value 2456,88,10,000.00 2290,53,10,000.00
Market Value 2486,90,24,678.09 2307,09,31,992.10
ii) Shares in Co-operative Institutions 1,49,151.00 1,48,701.00
iii) Shares in Market infrastructure Company 24,99,200.00 24,99,200.00
Face Value 7,10,000.00 7,10,000.00
Market Value 64,53,900.00 49,41,600.00
iv) PSU Bonds & Bonds of All India Financial Institutions 34,05,61,720.00 34,05,61,720.00
Face Value 34,00,00,000.00 34,00,00,000.00
Market Value 34,70,54,900.00 35,07,83,740.00
v) Investment in Mutual Fund 5,00,00,000.00 5,00,00,000.00
Face Value 5,00,00,000.00 5,00,00,000.00
Market Value 5,62,11,281.69 5,07,83,845.05
vi) Investment In Security Receipt 89,25,00,000.00 0.00
Face Value 89,25,00,000.00 0.00
Market Value 89,25,00,000.00 0.00
vii) CBLO Lending 0.00 149,92,35,595.25
viii) TRI-Party REPO Trade Settlement (TREPS)Lending 199,85,76,356.56 0.00
ix) Liquidity Adjustment Facility (LAF) Lending 340,00,00,000.00 0.00
TOTAL 3124,87,07,813.23 2509,37,23,796.35
* Government Securities includes securities of ` 4,08,49,39,546.49 (Face Value ` 4,09,55,00,000.00) in 2019 and ` 4,07,63,17,588.03 (Face
Value ` 4,09,55,00,000.00) in 2018 pledged with Clearing Corporation of India Ltd (CCIL) for Treasury Operations
33

(Amount in `)
Particulars
31.03.2019 31.03.2018
SCHEDULE 9 - ADVANCES
Refer Notes to Accounts III-5
i) Short Term Loans
a) Secured 6810,63,36,909.98 6023,12,24,403.73
b) Unsecured 62,56,39,964.99 40,41,24,860.32
6873,19,76,874.97 6063,53,49,264.05
ii) Medium Term Advances
a) Secured 253,12,48,831.60 219,46,27,593.67
b) Unsecured 11,51,46,045.13 9,19,28,937.10
264,63,94,876.73 228,65,56,530.77
iii) Long Term Advances
a) Secured 1064,06,24,344.38 1005,19,56,867.77
b) Unsecured 2,34,66,342.56 11,40,283.21
1066,40,90,686.94 1005,30,97,150.98
iv) Loans Earmarked Against NHB Refinance 179,08,29,324.02 130,58,31,250.10
TOTAL 8383,32,91,762.66 7428,08,34,195.90
SCHEDULE 10 - FIXED ASSETS

i) Land 8,71,20,716.20 8,96,32,309.20
Add:- Additions during the year 9,11,300.00 22,69,580.00
Add:- Transferred from Premises Account 83,20,57,597.91 0.00
Less:- Transferred to Premises Account (CSBN#) 0.00 47,81,173.00
SUBTOTAL ~ 92,00,89,614.11 8,71,20,716.20
ii) Furniture Fixtures & Office Equipment 60,07,66,227.52 54,76,05,395.04
Add:- Additions during the year 5,15,83,724.92 24,24,86,657.02
Less:- Sale/Adjustment/Written off during the year 80,78,609.53 3,03,24,663.66
Less:- Depreciation for current year 15,65,65,011.93 15,90,01,160.88
SUBTOTAL 48,77,06,330.98 60,07,66,227.52
iii) Capital Expenditure on Premises 7,18,00,846.31 9,67,13,737.35
Less:- Sale/Adjustment/Written off during the year 14,95,112.90 8,62,340.85
SUBTOTAL 5,24,68,203.26 7,18,00,846.31
~Closing balance of Land includes Revaluation of ` 33,86,39,769.66 in 2019.
34

(Amount in `)
Particulars
31.03.2019 31.03.2018
iv) Premises (including Revaluation of Premises )* 431,85,88,776.95 395,95,34,681.49
Add:- Additions during the year 0.00 45,09,12,188.00
Add:- Shifted from Land Account (CSBN#) 0.00 47,81,173.00
Less:- Revaluation Written back 0.00 38,01,142.71
Less:- Transferred to Land Account 83,20,57,597.91 0.00
Less:- Sale/Adjustment/Written off during the year 2,20,176.24 0.00
Less:- Depreciation on Revalued Assets for current year 3,74,47,883.49 4,91,28,097.22
Add:- Depreciation Written back 0.00 1,23,72,875.84
SUBTOTAL** 339,26,06,158.98 431,85,88,776.95
v) Office Vehicle 1,53,71,155.80 1,16,24,207.23
Add:- Additions during the year 9,62,519.00 99,09,579.00
Less:-Sale/Adjustment/Written off during the year 7,86,830.67 0.00
Less:- Depreciation for current year 52,79,414.64 61,62,630.43
SUBTOTAL 1,02,67,429.49 1,53,71,155.80
vi) Computer Hardware 14,07,55,269.13 18,94,26,444.22
Less:- Sale/Adjustment/Written off during the year 5,76,127.20 4,06,240.78
SUBTOTAL 10,05,61,262.40 14,07,55,269.13
vii) Computer Software 16,00,12,151.04 14,24,28,181.64
Less:- Amortisation for current year 10,08,93,994.72 9,57,54,972.26
SUBTOTAL 11,59,48,896.59 16,00,12,151.04
TOTAL 507,96,47,895.81 539,44,15,142.95
# Chetana Sahakara Bank Niyamitha
* Opening balance of Premises includes Revaluation of ` 171,70,22,127.61 in 2019 & ` 176,99,51,367.54 in 2018.
**Closing balance of Premises includes Revaluation of ` 134,80,21,208.75 in 2019 & ` 171,70,22,127.61 in 2018 .
35

(Amount in `)
Particulars
31.03.2019 31.03.2018
SCHEDULE 11 - OTHER ASSETS
i) Prepaid Expenses 4,67,58,783.70 3,12,46,752.50
ii) Stock of Stationery 85,05,862.93 96,09,798.03
iii) Stock of Stamped Documents & Lockers 21,78,807.00 13,03,318.20
iv) Deposit & Advance with LandLord 10,56,42,242.00 10,94,56,612.00
v) Sundry Receivable 66,62,53,675.66 71,19,43,281.18
vi) Clearing House Receivable 0.00 2,54,700.00
vii) Security Deposit with Companies/Authorities 11,45,23,145.21 16,31,79,117.94
viii) Forex Revaluation Provision 28,38,275.03 0.00
ix) Tax Deducted at Source 1,00,31,499.33 70,97,405.63
x) Advance Taxes 178,88,64,200.00 102,88,41,000.00
xi) Deferred Tax 8,84,40,031.16 0.00
xii) Deaf Claim Receivable From RBI 4,93,832.80 4,61,764.80
xiii) Goods And Service Tax - Input 48,44,526.47 1,06,79,233.79
xiv) NPCI Settlement 15,378.66 74,65,754.19
TOTAL 283,93,90,259.95 208,15,38,738.26
SCHEDULE 12 - CONTINGENT LIABILITIES

i) Buyers Credit 0.00 50,19,14,292.64
ii) Bank Guarantee Issued 88,75,22,796.61 73,73,34,837.37
iii) Letter of Credit Issued 598,61,84,841.05 732,60,82,071.95
iv) Forward Exchange Contracts 476,01,09,459.39 257,74,21,489.47
v) Deaf Parking Account 17,84,49,616.33 11,40,42,664.29
vi) Securities Deliverable under Reverse Repo Account 199,85,76,356.56 0.00
vii) Securities Deliverable under RBI Reverse Repo Account 340,00,00,000.00 0.00
TOTAL 1721,08,43,069.94 1125,67,95,355.72
36
NOTES FORMING PART OF THE BALANCE SHEET AS AT

MARCH 31, 2019 AND PROFIT & LOSS ACCOUNT FOR THE
YEAR ENDED ON THAT DATE
I. 1) OVERVIEW
The Punjab & Maharashtra Co-op Bank Ltd was incorporated in 1984 and has completed its 35 years
of providing wide range of Banking and Financial Services including Commercial Banking & Treasury
Operations.
2) BASIS OF PREPARATION
The financial statements have been prepared and presented under the historical cost convention on the
accrual basis of accounting, unless otherwise stated, and comply with generally accepted accounting
principles, statutory requirements prescribed under the Banking Regulation Act, 1949, and the Multi-
State Co-operative Societies Act, 2002, circulars and guidelines issued by the Reserve Bank of India(‘RBI’)
from time to time, the Accounting Standards (‘AS’) issued by the Institute of Chartered Accountants of
India (‘ICAI’) and current practices prevailing within the banking industry of India.
3) USE OF ESTIMATES
The preparation of the financial statements, in conformity with generally accepted accounting
principles, requires management to make estimates and assumptions that affect the reported amounts
of Assets and Liabilities, Revenues and Expenses and disclosure of contingent liabilities in the financial
statements. Actual results could differ from those estimates. Management believes that the estimates
used in the preparation of the financial statements are prudent and reasonable. Any revisions to the
accounting estimates are recognized prospectively.
II. SIGNIFICANT ACCOUNTING POLICIES:

1) ACCOUNTING CONVENTION
Except otherwise stated, the financial statements are drawn up keeping in mind the historical cost and
going concern concept and in accordance with generally accepted accounting principles and practices
prevailing in the Multi State Co-operative Banks in India.
2) REVENUE RECOGNITION (AS-9)

Income and expenditure are accounted for on accrual basis except as stated below:
i) Income from non-performing assets is recognized to the extent realised, as per the directives
issued by Reserve Bank of India.
ii) Dividend received from shares of co-operative institutions is accounted on receipt basis.
iii) As per the guidelines issued by Reserve Bank of India, interest on Securities, which is due and
not received for a period of more than 90 days is recognized on realisation basis.
37
iv) As per Bank Policy in case of standard and sub-standard assets credit received are first
appropriated towards interest and thereafter towards principal. In case of doubtful and loss
accounts, it is the policy of the Bank to appropriate credit towards the principal first and
thereafter, towards interest.
v) The commission on Letter of Credit / Bank Guarantees, dividends received and income received
from Investment in mutual funds and other service charges levied by bank are accounted on
receipt basis.
vi) Locker Rent received are treated as Advance and accounted as income at quarterly rest.
3) LOANS AND ADVANCES
The classification of advances into Standard, Sub-standard, Doubtful & Loss assets as well as provision
on non-performing advances have been arrived at in accordance with the guideline issued by the
Reserve Bank of India from time to time.
The unrealised interest till date in respect of advances classified as Non-Performing Assets (NPA) is
provided separately under “Overdue Interest Reserve” as per the directives issued by the RBI.
4) INVESTMENTS
i) The Bank has categorized the investments in accordance with the RBI guidelines applicable
to Urban Co-operative Banks. Accordingly, classification of investments for the purpose of
valuation is done under the following categories:
a) Held to Maturity
b) Available for Sale
c) Held for Trading
ii) Investments have been classified for the purpose of disclosure in the Balance Sheet under five
groups as required under RBI guidelines –
a) Government securities,
b) Other approved Securities,
c) Shares in co-op. Institutions,
d) PSU Bonds & Bonds of All India Financial Institutions
e) Others
iii) Investments under “Held to Maturity” category have been valued at acquisition cost. Premium,
if any, on such investments is amortized over the residual life of the particular investment.
iv) Investments under “Held for Trading” & “Available for Sale” category have been marked to
market on the basis of guidelines issued by the RBI. While net depreciation, if any, under each
classification has been provided for, net appreciation, if any, has been ignored.
38
v) Treasury Bills under all the classifications have been valued at carrying cost.
vi) Units of Mutual Funds are valued at lower of Cost and Net Assets Value (NAV).
vii) Investments in Security Receipts (SR) initially issued by Asset Reconstruction Companies (ARCs)
are valued at cost till expiry of 6 months from acquisition date. Subsequently, these will be
valued at NAV declared by the ARCs from time to time but not later than 6 months from the
Balance Sheet Date.
viii) Market value in case of State Government and other Securities, for which quotes are not
available is determined on the basis of the “Yield to Maturity” indicated by Financial Benchmark
India Pvt. Ltd. (FIBIL).
ix) Market values of mutual funds are determined on the basis of Net Asset Value (NAV) as on
March 31 declared by Association of Mutual Fund in India (AMFI).
x) In case of securities which are shifted from one category to another shifting is done at cost
of acquisition or book value or market value on the date of transfer, whichever is less and
difference is charged to Profit and Loss Account.
xi) The provision for Shares not giving dividend is recognized and provided in the books.
xii) Broken period interest on debt instruments is treated as a revenue item. Brokerage, commission,
etc. pertaining to investments paid at the time of acquisition is charged to revenue.
5) ACCOUNTING FOR REPO/REVERSE REPO TRANSACTIONS

The Securities sold and purchased under Repo/Reserve Repo are accounted as Collateralized Borrowing
and Lending transactions. However, securities are transferred as in the case of normal outright sale
/purchase transactions and such movement of securities is reflected using the Repo/Reverse Repo
Accounts and contra entries. The above entries are reversed on the date of maturity. Costs and revenue
are accounted as interest expenditure/income, as the case may be.
The accounting of LAF is in accordance with the norms stipulated by RBI vide its Circular No. FMRD.DIRD.
10/14.03.002/2015-16 dated May 19, 2016.
6) FOREIGN EXCHANGE TRANSACTIONS (AS 11)

All foreign exchange transactions are accounted for at the ongoing market rates prevailing on the date &
time of transactions. Monetary foreign currency assets and liabilities reflected in the Balance Sheet on
the date are at the rates notified by Foreign Exchange Dealers Association of India (FEDAI). All profits/
losses due to revaluations are recognized in the profit & loss account.
The Outstanding spot and forward contracts are revalued at year end exchange rates notified by FEDAI.
The resulting profits/losses are included in profit & loss account as per FEDAI/RBI guidelines.
The Contingent liabilities on account of foreign exchange contracts, guarantees, acceptances,
endorsements and other obligations denominated in foreign currency are disclosed at closing rates of
exchange declared by FEDAI.
39
7) PROPERTY, PLANT & EQUIPMENTS (AS-10)

i) Fixed Assets are stated at historical cost less accumulated depreciation in accordance with AS-
10 issued by Institute of Chartered Accountants of India (ICAI). Fixed Assets include incidental
expenses incurred on acquisition and installation of the assets.
ii) Revalued assets are stated at revalued amount less depreciation accumulated thereon and
surplus arising out of revaluation is reflected under Revaluation Reserve in Balance sheet.
iii) Depreciation on fixed assets purchased is provided on pro-rata basis and on fixed assets sold is
provided till the corresponding quarter in which the asset is sold.
iv) Assets costing less than ` 5000.00 are not capitalized but charged to the Profit & Loss Account
in the year of purchase.
v) Depreciation is calculated as per methods and rates mentioned below
Particulars Rate Method
Wooden Furniture & Fixture 20.00% WDV
Steel Furniture & Fixture 10.00% WDV
Office Equipments 20.00% SLM
Computer Hardware & Software 33.33% SLM
Capital Expenditure on Premises & Electrical Fittings 25.00% SLM
Other Assets 10.00% WDV
Office Vehicles 20.00% SLM
Ownership Premises 2.50% SLM
8) EMPLOYEE BENEFITS (AS – 15)

i) The liability towards gratuity and leave encashment is calculated and the amount is paid to L.I.C.
of India as Employees Group Gratuity Scheme & Group Leave Encashment Scheme assessed on
actuarial valuation in accordance with Projected Unit Credit Method .
ii) Bank’s Contribution towards provident fund is paid every month to Commissioner of Provident
Fund on the basis of Employees Provident Fund Scheme, 1952 and Employees Pension Fund
Scheme, 1995.
9) SEGMENT REPORTING (AS – 17)

In accordance with Accounting Standard – 17 issued by ICAI Segment Reporting is made as under
i) Treasury includes all investment portfolio, profit/loss on sale of investments, profit/loss on
foreign exchange transactions, equities and money market operations. The expenses of this
segment consist of interest expenses on funds borrowed from external sources as well as
internal sources and depreciation/ amortization of premium on Held to Maturity category
investments.
ii) Other Banking Operations include all other operations not covered under Treasury operations.
40
10) LEASE (AS 19)

Lease Payment taken on operating lease are recognized in the Profit & Loss account over the leased
term in accordance with AS -19 Leases issued by ICAI.
11) EARNINGS PER SHARE (AS- 20)

Earning Per Share is calculated by dividing the Net Profit (after tax and before appropriation) for the
period by the weighted average number (monthly) of equity shares outstanding during the year.
12) TAXES ON INCOME (AS – 22)

i) Provision for current year tax is made on the basis of estimated taxable income for the year.
ii) Tax expense comprises both deferred and current taxes. Deferred Income Tax reflects the impact
of current year timing differences between taxable income and accounting income for the year
and reversal of timing differences of earlier years.
iii) Deferred Tax is based on tax rates and the tax laws effective at the Balance Sheet date.
iv) Deferred Tax Assets are recognized only to the extent that there is reasonable certainty that
sufficient future taxable income will be available against which such Deferred Tax Assets can be
realized.
13) INTANGIBLE ASSETS (AS 26)
Computer Software purchased for Bank’s use is amortized on Straight Line Method(SLM) basis @33.33%,
in accordance with RBI guideline.
14) IMPAIRMENT OF ASSETS (AS - 28)

The Bank regularly assesses whether there is any indication that an Asset may be impaired. Impairment
loss, if any is provided for in the Profit and loss account to the extent the carrying amount of Assets
exceeds their estimated recoverable amount.
15) PROVISIONS, CONTINGENT LIABILITIES & CONTINGENT ASSETS (AS - 29)

A provision is recognized when the Bank has a present obligation as a result of past event where it is
probable that an outflow of resources will be required to settle the obligation, in respect of which a
reliable estimate can be made. Provisions are not discounted to its present value and are determined
based on best estimate required to settle the obligation at the Balance Sheet date. These are reviewed
at each Balance Sheet date and adjusted to reflect the current best estimates.
A disclosure of Contingent Liability is made when there is:
i) A possible obligation arising from a past event, the existence of which will be confirmed by
occurrence or nonoccurrence of one or more uncertain future events not within the control of
the Bank; or
ii) A present obligation arising from a past event which is not recognized as it is not probable that
an outflow of resources will be required to settle the obligation or a reliable estimate of the
amount of the obligation cannot be made.
41
When there is a possible or a present obligation in respect of which the likelihood of outflow of resources
is remote, no provision or disclosure is made.
Contingent Assets are not recognized in the financial statements. However, they are assessed continually.
16) RESERVE FUND AND OTHER RESERVES

As per the requirement of Multi-State Co-op. Soc. Act, 2002, the Statutory Reserve Fund has been
bifurcated into three Categories viz.
i. Regular Statutory Reserve (comprising 25% of Net Profit).
ii. Contingency Reserve Fund (comprising 10% of Net Profit).
iii. Co-operative Education Fund maintained by National Co-operative Union of India (comprising
1% of Net Profit).
As per R.B.I. Circular No.UBD(PCB)./BPD/Cir.43 09.72.00 2004-05 dated April 11,2005 our bank
appropriates 1% of the Net Profit to Charity Fund.
17) GOODS AND SERVICES TAX

Goods and Services Tax (GST) collected on various charges (Outward Supplies) are accounted as Output
GST and GST paid to vendors (Inward Supplies) are accounted as Input GST. Out of input GST, eligible
input tax credit is availed as set-off to discharge output GST liability. The input tax credit which is not
available as set-off as per GST laws are expensed out.
In case of fixed assets purchased / acquired, the ineligible portion of input tax credit is capitalized.
18) WRITEOFF OF REVALUATION RESERVE

During the year the depreciation has been provided in profit and loss account only on the actual cost of
asset. The write off in Revaluation Reserve is done to the extent of reduction in the revaluation amount
of the corresponding assets.
42
III. NOTES FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED MARCH 31, 2019
1) PRIOR PERIOD ITEMS
Prior period income/expenses credited/debited to Profit and Loss Account are as under
(` in lakhs)
Particulars Amount
Annual Maintenance Contract 44.97
Writeback Revaluation Reserve (72.30)
Total (27.33)
2) LONG TERM SUBORDINATED (TIER-II) DEPOSITS
The LTD subscribed as at March 31, 2019 is ` 13011.25 Lakhs as follows
(` in lakhs)
Series Rate of Interest Issued in F.Y. Amount
I 9.00% 2016-17 5000.00
II 8.75% 2016-17 3063.50
III 8.50% 2017-18 2500.00
IV 8.50% 2017-18 2447.75
Total 13011.25
The LTD amount after applying relevant discounting factors is included in the Tier-II capital of the Bank
for Capital Adequacy purposes as per RBI guidelines.
3) PROPERTY, PLANT & EQUIPMENTS

i) Insurance Claim of Mulund.
In the F.Y. 2017-18 the assets having WDV ` 16.96 lakhs of our Mulund branch destroyed in fire
were written off and shown as Claim Receivable. During the year 2018-19 Bank has received
claim settlement of ` 35.00 lakhs on reinstate basis.
ii) Insurance Claim of Kandivli.
On June 11, 2018, a fire occurred in our Kandivali Branch ,the assets having W.D.V. of
` 27.80 lakhs were destroyed in fire. In this respect Bank has lodged Insurance claim of
` 55.27 lakhs with Insurance Company on reinstate basis, which has not yet been settled. The
Bank have written off destroyed assets of WDV of ` 27.80 lakhs the same is shown as claims
receivable. The effect for excess/short amount as and when received will be accounted on
settlement of claim.
iii) Segregation of Land and Premises.
The Bank has a few owned Premises wherein the composite agreement was entered for
purchase of Land and Premises. During the current year Bank has segregated the cost of Land
` 8320.58 lakhs which was included in Premises.
4) COLLECTION ACCOUNT.
The erstwhile Kolhapur Janata Sahakari Bank Ltd (KJSB) and erstwhile Chetana Sahakara Bank Niyamitha
(CSBN) were merged with the Bank on December 13, 2008 & July 13, 2010 respectively.
The Share Capital of members of merged bank who had complied with KYC norms was repaid and those
who had not, their Share Capital is deducted from the respective Banks’ Share capital and regrouped
under Other liabilities.
43
5) PROVISION FOR INTEREST CAPITALISED ON NPA

In the previous year Capitalised Interest of ` 2941.28 lakhs was included under Loans and Advances.
However, the same is now recasted and included under ‘Overdue Interest Recoverable(N.P.A.)’
6) EMPLOYEE BENEFITS (AS 15)
Salaries and Allowances include an amount of ` 732.40 Lakhs (Previous year ` 803.81 Lakhs) contributed
by the Bank on account of contribution towards Provident Fund. Actuarial assessment of Gratuity Fund
is as follows
(` in lakhs)
Sr. No Particulars Gratuity Leave
(Funded) Encashment
March 31, 2019 March 31, 2019
1. Discount rate 7.50% 8%
2. Salary escalation rate 5% 5%
3. Reconciliation of opening and closing balance of the present
value of the defined benefit obligation:
i) *Present value of obligation as at April 01,2018 2303.52 1052.39
ii) Interest cost 184.28 84.19
iii) Current service cost 151.91 53.49
iv) Benefits paid (30.21) (168.51)
v) Actuarial (gains)/loss on obligations 14.85 181.60
vi) Present value of obligation as at March 31, 2019 2624.35 1203.16
4. Reconciliation of opening and closing balance of fair value
of fair plan assets:
i) Fair value of plan assets as at April 01,2018 2048.46 1076.47
ii) Expected return on plan assets 170.71 73.46
iii) Contributions 671.82 292.19
iv) Benefits paid (30.21) (168.51)
v) Actuarial gain/(loss) on plan assets NIL NIL
vi) Fair value of plan assets as at March 31, 2019 2860.78 1273.61
5. Amount recognized in Balance Sheet
i) Present value of obligations as at March 31, 2019 2624.35 1203.16
ii) Fair value of Plan Assets as at March 31, 2019 2860.78 1273.61
iii) Assets/(liability) as at March 31, 2019 236.43 (70.45)
6. Expenses recognized in Profit and Loss Account
i) Current service cost 151.91 53.49
ii) Interest cost 184.28 84.19
iii) Return on planned Assets (170.71) (73.46)
iv) Net actuarial (gain)/loss 14.85 181.60
7. Expenses recognized in Profit & Loss Account 180.33 245.82
During the financial year ended March 31, 2019 , Bonus and Exgratia ` 1082.00 lakhs payable to employees have
been provided in the books.
44
7) SEGMENT REPORTING (AS 17)

Primary Segment Reporting at March 31, 2019 is made as under:
(` in lakhs)
Particulars Treasury Other banking March 31, 2019

operations
Revenue 23192.03 106606.44 129798.47
Result 6956.79 8672.05 15628.84
Profit before Tax 15628.84
Income Tax 5659.39
Net Profit After Tax 9969.45
OTHER INFORMATION
Segment Assets 423483.59 916355.49 1339839.08
Unallocated Assets 8352.87
Total Assets 1348191.95
Segment Liabilities 30590.16 1191691.54 1222281.70
Unallocated Liabilities 125910.25
Total Liabilities 1348191.95
8) RELATED PARTIES AND DISCLOSURE (AS 18)

The Bank is a Co-operative Society under the Multi-State Co-operative Societies Act, 2002. There are no
related parties required to be disclosed under Accounting Standard 18 (AS-18) issued by The Institute
of Chartered Accountants of India, except Key Management Personnel, Mr. K. Joy Thomas, Managing
Director of the Bank. However, in terms of RBI circular dated March 29, 2003, he being single party
coming under the category, no further details required to be reported.
9) LEASE RENTS (AS 19)

The bank has operating leases and the disclosures under AS 19 on ‘Leases’ issued by ICAI are as follows
i) Lease rent payments of ` 2678.12 lakhs have been recognized in the statement of profit and
loss for the year ended March 31, 2019.
ii) The lease agreements pertain to use of premises at various branches. The lease agreements do
not have any undue restrictive or onerous clauses other than those normally prevalent in similar
agreement regarding use of assets, lease escalations, renewals and a restriction on sub-leases.
45
iii) Operating Lease comprises leasing of office premises

(` in lakhs)
Particulars March 31, 2019 March 31, 2018
Future lease rental payable as at the end of the 12990.45 13998.30
year :
-Not later than one year 2307.85 2219.76
-Later than one year and not later than five years 6763.54 6882.61
-Later than five years 3919.06 4895.93
Total of minimum lease payments recognized in 2678.12 2301.53
the Profit & Loss account for the year
Total of future minimum sub-lease payment N.A. N.A.
expected to be received under non-cancellable
sub-lease
Sub-lease payments recognized in the Profit and N.A. N.A.
Loss account for the year
10) EARNINGS PER SHARE (AS - 20)

(` in lakhs)
Net Profit/(Loss) after tax (`) 9969.45 10090.22
Weighted Average number of Shares 1165 1169
Nominal Value of Shares (`) 25.00 25.00
Earnings Per Share (`) 8.56 8.63
11) ACCOUNTING FOR TAXES ON INCOME (AS 22)

The major components of Deferred Tax Assets/Liabilities (net) arising on account of timing differences
between book profit and taxable profits as at March 31, 2019 are as follows
(` in lakhs)
Particulars As at During the year As at
March 31, 2018 March 31, 2019
DTA on account of
a) Provision for Advances 246.57 1713.68 1960.25
b) Difference in Depreciation (1271.79) 276.93 (994.86)
c) Special Reserve U/s36 (1) (viii) (80.99) 0.00 (80.99)
Net Deferred Tax Asset/(Liability) (1106.21) 1990.61 884.40
46
12) DETAILS OF EXPENDITURE ON COMPUTER SOFTWARE (AS 26)

Software Expenses are considered as Intangible assets in accordance with Accounting Standard - 26
issued for by ICAI. The details are as under
(` in lakhs)
Particulars Amount
Opening balance as on April 01, 2018 1600.12
Additions during the year 568.31
Less: Amortization/Depreciation 1008.94
Closing balance as on March 31, 2019 1159.49
13) FINANCIAL ASSETS SOLD DURING THE YEAR TO SC/RC FOR ASSET RECONSTRUCTION
(` in lakhs)
Sr. No. Particulars During year ended During year ended
March 31, 2019 March 31, 2018
1. No. of Accounts 11 NIL
2. Aggregate Value (net of 10% provision) of 9,967.66 NIL
accounts sold to SCs/RCs
3. Aggregate Consideration 10,500.00 NIL
4. Additional Consideration realized in respect of NIL NIL
accounts transferred in earlier years
5. Aggregate gain/loss over net book value 532.34 NIL
14) IMPAIRMENT OF ASSETS (AS – 28)

The Bank has not ascertained any material impairment of its assets. Therefore,no provision is required
under AS - 28.
15) RESTRUCTURED/ RESCHEDULED ACCOUNTS

i) Details of loans subjected to restructuring under Micro, Small and Medium Enterprises (MSME)
sector during the year ended March 31, 2019 with aggregate exposure (including non fund
based facilities), to the borrower does not exceed ` 2,500 lakhs as on January 1, 2019 as per RBI
Circular Ref : DBR.NO.BP.BC.1/21.04.048/20418-19 dated January 01, 2019 are given below
No of Accounts Restructured Amount

NIL NIL
47
ii) The loans subjected to restructuring as per RBI Master circular DCBR.BPD.(PCB) MC
No.14/13.05.000/2015-16 dated July 01, 2015 are given Below
(` In Lakhs)
Sr Particulars Housing CDR SME Dept Others
No Loan Mechanism Restructuring
1 Standard No of Borrowers - - 3 -
advances Amount - - 2957.52 -
restructured outstanding
Diminution in - - 15.22 -
the fair value
2 Sub-standard No of Borrowers - - -
advances Amount - - -
Diminution in - - -
the fair value
3 Doubtful No of Borrowers - - -
advances Amount - - -
Diminution in - - -
the fair value
Total No of Borrowers - - 3 -
Amount - - 2957.52 -
outstanding
Diminution / - - 15.22 -
Sacrifice in the
fair value
These restructured loans constitute about 0.35% of the total advances as at March 31, 2019.
Amount and number of accounts in respect of which applications received and under process,
but the restructuring packages have not yet been approved-NIL as on March 31, 2019.
Details of loans subjected to restructuring under Micro, Small and Medium Enterprises (MSME)
sector during the year ended March 31, 2019 with aggregate exposure (including non fund
based facilities), to the borrower does not exceed ` 2500 lakhs as on January 01, 2019 as per
RBI Circular Ref DBR.NO.BP. BC.18/21.04.048/2018-19 dated January 01, 2019 is NIL.
48
16) PROVISION FOR TAXES ON INCOME

The bank has made the provision of Taxes amounting to ` 7650.00 lakhs, for the Financial year 2018-19.
The breakup of Income Tax expenses appearing in the Profit and Loss account is as under
(` In lakhs)
Current year Income Tax 7650.00 6348.77
Add: Tax Paid for earlier years 0.00 0.00
Add: Deferred Tax (1990.61) 528.41
Less: Refund received from Income tax 0.00 0.55
Total 5659.39 6876.63
17) PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS (AS 29)
Contingent Liabilities on account of Buyers Credit, Bank Guarantees, Letters of Credit, Forward Contracts
and DEAF & REPO (LAF) are as follows.
(` In lakhs)
Buyers Credit 0.00 5019.14
Bank Guarantees 8875.23 7373.35
Letter of Credit 59861.85 73260.82
Forward exchange contracts 47601.09 25774.21
DEAF 1784.50 1140.43
Securities Deliverable under Reverse Repo 19985.76 0.00
Securities Deliverable under RBI Reverse Repo 34000.00 0.00
18) DEPOSITOR EDUCATION & AWARENESS FUND SCHEME, 2014
The Bank has transferred credit balances amounting to ` 1821.19 lakhs to the Depositor Education and
Awareness Fund Scheme (DEAF) 2014 maintained with the Bank which have not been in operation for
10 years or more to Reserve Bank of India.
The required disclosure as per the said circular is as under
(` In lakhs)
Particulars (2018-2019) (2017-2018)
Opening balance of amounts transferred to DEAF 1145.04 939.23
Add: Amount transferred to DEAF during the year 676.15 270.51
Less:- Amount reimbursed by DEAF towards claims 31.76 64.70
Closing balance of amounts transferred to DEAF 1789.43 1145.04
During the year, the Bank has paid claim of ` 36.69 Lakh towards the deposit transferred to DEAF
Scheme and claimed the refund from the Reserve Bank of India. As on 31.03.2019 claim of ` 4.94 Lakh
is receivable from the Reserve Bank of India.
49
19) INVESTMENTS
During the financial year ended March 31,2019 the Bank has shifted securities of Face Value of
` 26400 lakh (Book value of ` 28015.35 lakh) from AFS (Available for Sale) to HTM (Held till Maturities)
category by providing depreciation of ` 2599.16 lakh.
Bank has provided depreciation of ` 55.16 lakhs towards shifting of securities from HFT (Held for
Trading) to AFS (Available for Sale) category during the current F.Y.. There is no sale of any security under
“Held To Maturity” category during the year.
20) MARKET RISK IN TRADING BOOK

The bank has determined the market risk i.e. the risk of losses as on date of Balance Sheet and off
balance sheet positions arising out of movement in market prices in respect of securities included
under the Held for Trading category (HFT). Available for Sale category (AFS) and Open foreign exchange
position limits. The market risk positions subject to Capital Charge is as under
Quantitative Disclosures
(` In lakhs)
Amount of Capital Required
Particulars
March 31, 2019 March 31, 2018
The capital requirements for
Interest rate risk 3554.40 4397.08
Equity Position risk - -
Foreign Exchange risk 83.58 63.21
21) Statement of Securities sold/purchased under REPO transactions during the year
(` In lakhs)
Minimum Maximum Daily Average As on
Particulars Outstanding Outstanding Outstanding March 31, 2019
during the year during the year during the year
Securities sold under
REPO
i) Govt. Securities 1499.62 10498.57 217.78 NIL
ii) Corporate Debt NIL NIL NIL NIL
Securities
Securities purchased
under Reverse REPO
i) Govt. Securities 500.00 34000.00 1199.64 34000.00
ii)Corporate Debt NIL NIL NIL NIL
Securities
Reverse Repo transactions includes transactions undertaken under Liquidity Adjustment Facility (LAF)
with RBI.
50
IV DISCLOSURE AS PER RBI GUIDELINES

(` In lakhs)
Sr. No. Particular March 31, 2019 March 31, 2018
1 Capital to Risk Asset Ratio(CRAR) 12.62% 12.29%
2 Movement of CRAR
a) Total Capital Funds 105,514.96 101,592.52
b) Risk Weighted Assets 836,352.50 826,381.82
3 Investments
a) Face Value 258,521.69 232,961.69
b) Book Value 258,501.31 235,944.88
c) Market Value 261,713.94 234,775.90
4 Advances against Real Estate, Construction Business, 98,469.52 99,178.85
Housing
5 Advances against Shares & debenture NIL NIL
6 Advances of ` 8,38,332.92 Lakhs (Previous year ` 7,42,808.34 Lakhs) shown in the Balance
Sheet Includes :
Advances to Directors, their relatives, Companies / Firms in which they are interested :
a) Fund Based 29.16 33.05
b) Non-Fund Based 12.50 5.37
7 Cost of Deposits
Average Cost of Deposits 7.01% 7.12%
8 NPAs
Gross NPAs 31,524.24 14,800.26
Net NPAs 18,059.24 7,715.08
9 Movement in NPA
Opening Balance 14,800.26 11,185.58
Add : Additions during the year 30,380.45 5,212.90
Less : Closed/ Recovered /Written off 13,656.47 1,598.22
Closing Balance 31,524.24 14,800.26
51
(` In lakhs)
10 Profitability
a) Interest income as a percentage of working funds 9.08% 9.62%
b) Non Interest income as a percentage of working 0.66% 0.66%
funds
c) Operating profit as a percentage of working funds 1.84% 1.86%
d) Return on Assets 1.29% 1.57%
(Net Profit(Before Tax) / Average of working
funds)
e) Return on Assets 0.82% 0.93%
(Net Profit(After Tax) / Average of working funds)
f) Business (Deposits+Advances) per employee 1,102.57 975.12
g) Profit per employee (Before Tax) 8.62 9.53
h) Profit per employee (After Tax) 5.50 5.67
11 Provisions made towards
a) NPAs 13,465.00 7,085.18
b) Depreciation on Investments 223.26 1,310.26
c) Standard Assets 3,352.00 3,057.00
12 Movements in Provision for Advances
a) Towards NPAs
Add: Additions during the year
i) Provisions 5,847.48 2,025.00
ii) BDDR ARC 1,107.52 0.00
Less : Closed / Recovered /Written Off 575.18 0.00
Bad & Doubtful Debts Provision actually made 13,465.00 7,085.18
b) Towards Standard Assets
Add: Additions during the year 295.00 445.00
Additional provisions from last years profit 0.00 0.00
52
(` In lakhs)
13 Movements in Provision for Investment
a) Towards Depreciation on Investments
Less : Reduction during the year 1,087.00 2,052.97
Closing Balance 223.26 1,310.26
b) Towards Provision for Impaired Assets
Opening Balance 134.65 215.06
Less : Reduction during the year 89.13 80.41
Closing Balance 45.52 134.65
c) Towards Investments Fluctuation Reserve
Add: Additions during the year 1,500.00 1,000.00
Less : Reduction during the year 0.00 0.00
14 Foreign Currency
a) Assets 1,663.10 883.12
b)Liabilities 1,663.10 883.12
15 Payment of insurance premium to the DICGC, 1,056.62 968.64
including arrears, if any.
16 Composition of Non - SLR Investments. (March 31, 2019) (` In Lakhs)

Issuer Amount Extent Extent of Extent of
of below 'unrated 'unlisted'
Investment Securities' Securities
grade
Securities
a) PSUs 2,507.50 NIL NIL NIL
b) Fls 0.00 NIL NIL NIL
c) Public & Private Banks 500.00 NIL NIL NIL
d) Others 9,849.60 NIL 26.48 8,951.48
e) Provision held towards NIL NIL NIL NIL
depreciation
TOTAL 12,857.10 NIL 26.48 8,951.48
53
(` in lakhs)
17 Non Performing Non - SLR Investments. (March 31, 2019)
Opening Balance 0.36
Add: Additions during the year 0.00
Less : Reduction during the year 0.00
Closing Balance 0.36
18 Interest Rate Future
The bank has not undertaken any Interest Rate Future transaction during the Financial Year 2018-19.
19 No Penalty or fine has been imposed by RBI for the current financial year.
20 Previous years figures have been regrouped / re-arranged/re-classified/recast wherever necessary to
confirm to the presentation of the accounts of the current year.

ICAI FRN : 145569W

CA K. P. Lakdawala
Partner
Statutory Auditors

Directors
54
Cash Flow Statement for the year ended March 31, 2019

(` in lakhs)
31.03.2019 31.03.2018
Particulars
Amount Amount Amount Amount
A) CASH FLOW FROM OPERATING ACTIVITIES
Net Profit after Tax (before Appropriation) 9,969.45 10,090.22
Add:
Depreciation and Amortisation on Fixed Assets 4,614.78 4,613.51
Fixed Assets Written Off/Adjustments 9.80 5.21
Amortisation of Premium on Investments 306.69 298.92
Provision for Tax 1,412.36 1,362.59
Provision for Bad & Doubtful Debts 6,955.00 2,025.00
Contingent Provision against Standard Assets 295.00 445.00
Deferred Tax (1,990.61) 528.41
Expenditure Provisions & Contingencies 1,567.32 1,744.64
TOTAL 13,170.34 11,023.28
Less:
Profit on Sale of Assets 74.68 21.31
Profit on Sale of Securities 2,609.13 1,577.88
Expenditure Provision & Contingencies Written 89.14 80.42
Back
TOTAL 2,772.95 1,679.61
Adjustments for
Increase / (Decrease) in Deposits and Other 167,848.60 92,684.81
Accounts
Increase / (Decrease) in Other Liabilities 435.14 1,086.49
Increase / (Decrease) in Advances (94,949.40) (101,761.17)
Increase / (Decrease) in Other Assets 598.65 (2,613.67)
Cash Generated from Operations 73,932.99 (10,603.54)
Cash Generated from Operating Activities 94,299.83 8,830.35
B) CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets (Net) (1,769.29) (8,679.29)
Increase / (Decrease) in Investments (76,575.06) 246.85
Cash Generated from Investing Activities (78,344.35) (8,432.44)
C) CASH FLOW FROM FINANCING ACTIVITIES
Share Capital Issued (Net) (90.27) 970.51
Dividend Paid (3,191.65) (2,795.35)
Increase / (Decrease) in Borrowings 5,410.44 6,256.59
Cash Generated from Financing Activities 2,128.52 4,431.75
D) NET INCREASE IN CASH & CASH 18,084.00 4,829.66

EQUIVALENTS (A+B+C)
55
(` in lakhs)
31.03.2019 31.03.2018
Particulars
Amount Amount Amount Amount
E) CASH & CASH EQUIVALENTS
Cash & Cash Equivalents at the Beginning of 58,773.04 53,943.38
the Year
Cash & Cash Equivalents at the End of the Year 76,857.04 58,773.04
(D + E)
BREAK-UP OF CASH & CASH EQUIVALENTS
Cash in Hand 8,607.40 7,683.42
Balances With Banks
In Current Accounts 68,249.64 51,089.62
Total 76,857.04 58,773.04

ICAI FRN : 145569W

CA K. P. Lakdawala
Partner
Statutory Auditors

Directors
56
AMENDMENT TO BYE-LAWS:
We propose the following amendment in the Bye-laws of our Bank :
Bye Existing Bye-law Bye – Amended Bye-law Reason for
– law law amendment
No. No.
9B IDENTIFICATION OF A MEMBER : 9B IDENTIFICATION OF A MEMBER: To align with
Identification of a Member (KYC Norms of RBI to Identification of a Member (KYC the KYC
Members): Norms of RBI to Members): guidelines
issued by the
For all transactions with the bank, identification For all transactions with the bank, Reserve Bank
of a member is necessary. For identification, identification of a member is of India
the individual member shall comply with the necessary. For identification, the
Know Your Customer (KYC) guidelines issued individual member shall comply
by the Reserve Bank of India from time to time with the Know Your Customer (KYC)
and duly adopted and approved by the Board of guidelines issued by the Reserve
Directors of the Bank. The existing members shall Bank of India from time to time and
also comply with such KYC norms. Identification duly adopted and approved by the
of the members of the Bank shall be done by a Board of Directors of the Bank. The
competent authority appointed by the Board, existing members shall also comply
through the official identity card which will be with such KYC norms. Identification
issued free of charge for the first time by the of the members of the Bank shall
Bank. Whenever member desires to exercise his be done by a competent authority
right as a member of ‘the Bank’ such as attending appointed by the Board, through
the General Body Meeting and voting thereof, their valid KYC documents.
collecting annual dividends and/or occasional Whenever member desires to
gifts, execution of agreements as borrower or exercise his right as a member of
guarantor, voting at the election of Director/s of ‘the Bank’ such as attending the
‘the Bank’ and for such other purpose which Bank General Body Meeting and voting
may notify from time to time, the member may be thereof, collecting annual dividends
asked to produce his identity card. When unable and/or occasional gifts, execution
to produce such identity card on demand, his of agreements as borrower or
membership right whatsoever may be refused by guarantor, voting at the election
‘the Bank’ at that time. A Duplicate Identity card of Director/s of ‘the Bank’ and for
may be obtained from the bank in case of loss or such other purpose which Bank
mutilation of the original card. However duplicate may notify from time to time, the
card shall be issued at a nominal cost as may be member may be asked to produce
determined by the Board, from time to time. The his KYC documents.
Board will be permitted to explore the use of
advanced technology for the issuance of electronic
digital card so as to reduce use of paper.
Note :
In this bye-law Competent authority means an
Election Officer or any other person/s nominated
by ‘the Bank’ for this purpose.
41 (d) LOANS AND ADVANCES 41 (d) LOANS AND ADVANCES
New sub clause to be added:
To avail the services of banking
through business correspondents
within the prescribed norms of
Reserve Bank of India from time to
time
Note : All the amendments will be subject to the approval from Central Registrar of Co-operative Societies, New Delhi.
57
PMCB NETWORK
REGISTERED OFFICE: 240, Shankar Sadan, Sion (E), Mumbai - 400 022
CENTRAL OFFICE: Office No. 4 & 5, 3rd Floor, Dreams Mall, L.B.S Marg, Bhandup, Mumbai - 400 078
BRANCHES IN MAHARASHTRA STATE (MUMBAI, THANE, RAIGAD, PUNE,
NASHIK, AURANGABAD AND NANDED DISTRICTS.)
BRANCH BUSINESS HOURS ADDRESS CONTACT NUMBERS &
E-MAIL ADDRESS
Sion Branch Mon. to Fri. 8.00 a.m. to 7.00 p.m. 240, Shankar Sadan, 1800223663
(Main Branch) Sat. 2nd & 4th Holiday Banking Opp. Matalachmi Fax:022-24017828
(10.30 a.m. to 12.30 p.m.) Hospital, Sion(E), sionbr@pmcbank.com
Working Sat. 9.00 a.m. to 3.00 p.m. Mumbai - 400 022.
Sun. 10.00 a.m. to 2.00 p.m.
Vikhroli (E) Mon. to Fri. 8.00 a.m. to 7.00 p.m. Shop No. 1 to 4, 1800223663
Branch Sat. 2nd & 4th Holiday Banking Prathamesh Vaibhav, Fax: 022-25742825
(10.30 a.m to 12.30 p.m) Ram Hazare Marg, vikhrolibr@pmcbank.com
Working Sat. 9.00 a.m. to 3.00 p.m. Tagore Nagar, Vikhroli
Sun. 10.00 a.m. to 2.00 p.m. (E), Mumbai – 400 083.
Andheri (E) Mon. to Fri. 8.00 a.m. to 7.00 p.m. Majas Evergreen Hsg 1800223663
Branch Sat. 2nd & 4th Holiday Banking Society, Dheeraj Vaibav, andheribr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Poonam nagar P.M.G.P
Working Sat. 9.00 a.m. to 3.00 p.m. Colony, Andheri (E),
Sun. 10.00 a.m. to 2.00 p.m. Mumbai - 400 093.
Mulund (W) Mon. to Fri. 8.00 a.m. to 7.00 p.m. 28/1/2 backside of 1800223663
Branch Sat. 2nd & 4th Holiday Banking Powai Chowk, Opp of mulundbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Tulip Mulund Colony,
Working Sat. 9.00 a.m. to 3.00 p.m. Mulund West - 400 082.
Sun. 10.00 a.m. to 2.00 p.m.
Ghatkopar (E) Mon. to Fri. 9.00 a.m. to 7.00 p.m. Guru Nanak English 1800223663
Branch Sat. 2nd & 4th Holiday Banking High School, Ramabai Fax: 022-25253997
(10.30 a.m. to 12.30 p.m.) Colony, Eastern Exp ghatkoparbr@pmcbank.com
Working Sat. 9.00 a.m. to 3.00 p.m. Highway Ghatkopar (E),
Bhandup (W) Mon. to Fri. 8.00 a.m. to 7.00 p.m. Shop No. L33 to L37, 1800223663
Branch Sat. 2nd & 4th Holiday Banking Lower Ground Floor, bhandupbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Dreams Mall,
Working Sat. 9.00 a.m. to 3.00 p.m. Bhandup West,
Sun. 10.00 a.m. to 2.00 p.m. Mumbai – 400 078.
Versova Branch Mon. to Fri. 8.00 a.m. to 7.00 p.m. Sai Kanwal Complex, 1800223663
Sat. 2nd & 4th Holiday Banking C-Wing, Indira Nagar, versovabr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Opp. D.N. Nagar Metro
Working Sat. 9.00 a.m. to 3.00 p.m. Station, Versova,
Sun. 10.00 a.m. to 2.00 p.m. Andheri (W), Mumbai –
400 058.
58

E-MAIL ADDRESS
Kandivili (E) Mon. to Fri. 8.00 a.m. to 7.00 p.m. Near Mahindra & 1800223663.
Branch Sat. 2nd & 4th Holiday Banking Mahindra Yellow gate, kandivalibr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Hanuman Nagar, Akurli
Working Sat. 9.00 a.m. to 3.00 p.m. Road, Kandivili (E),
Carnac Bunder Mon. to Fri. 10.00 a.m. to 6.00 p.m. 69, Uttam House, P.D. 1800223663
Branch Sat. 2nd & 4th Holiday Banking Mello Road, carnacbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Carnac Bunder,
Working Sat. 10.00 a.m. to 4.00 p.m. Mumbai – 400 009.
Sun. Holiday
Oshiwara Mon. to Fri. 8.00 a.m. to 7.00 p.m. 27 & 28, Mhada 1800223663
Branch Sat. 2nd & 4th Holiday Banking Shopping Complex oshiwarabr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Scheme, Adarsh Nagar,
Working Sat. 9.00 a.m. to 3.00 p.m. Oshiwara Link Road,
Sun. 10.00 a.m. to 2.00 p.m. Andheri (W),
Mumbai – 400 102.
Fort Branch Mon. to Fri. 10.00 a.m. to 6.00 p.m. Ground Floor, 1800223663
Sat. 2nd & 4th Holiday Banking Gurudwara Bldg, fortbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) 264, Shaheed Bhagat
Working Sat. 10.00 a.m. to 4.00 p.m. Singh Marg, Fort,
Sun. Holiday Mumbai - 400 001.
Bandra Branch Mon. to Fri. 9.00 a.m. to 7.00 p.m. Ground Floor, Shop 1800223663
Sat. 2nd & 4th Holiday Banking No 1, Maqba Heights, bandrabr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Ambedkar Road,
Working Sat. 9.00 a.m. to 3.00 p.m. Bandra West,
Chembur Mon. to Fri. 8.00 a.m. to 7.00 p.m. Office No.1, Ground 1800223663
Branch Sat. 2nd & 4th Holiday Banking Floor, Stellar Tower, chemburbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Opp. K STAR Mall,
Working Sat. 9.00 a.m. to 3.00 p.m. Sion-Trombay Road,
Sun. 10.00 a.m. to 2.00 p.m. Chembur (E),
Mumbai - 400 071.
Vasai Road (W) Mon. to Fri. 08.00 am to 03.00 pm Link Road, Opp 1800223663
Branch (Lobby banking Aggarwal township, vasaibr@pmcbank.com
03.00 pm to 06.00 pm) Next to Vasant Nagari
Saturday Holiday Nalasopara (E),
Sun. 10.00 a.m. to 2.00 pm Thane - 401 209.
Virar Branch Mon. to Fri. 9.00 a.m. to 7.00 p.m. Shop No. 6/7/8 and 9, 1800223663
Sat. 2nd & 4th Holiday Banking Madhu Maitray Apts, virarbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Sr No. 152, Manvel Pada
Working Sat. 9.00 a.m. to 3.00 p.m. Road, Village – Virar (E)-
Sun. 10.00 a.m. to 2.00 p.m 401 303.
59

E-MAIL ADDRESS
Nallasopara Mon. to Fri. 9.00 a.m. to 7.00 p.m. Shop No 1 to 4 1800223663
Branch Sat. 2nd & 4th Holiday Banking Yashwant Heights, Near nallasoparabr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Petrol Pump, Central
Working Sat. 9.00 a.m. to 3.00 p.m. park, Nallasopara (E) -
Sun. 10.00 a.m. to 2.00 p.m. 401 209
Kurla Branch Mon. to Fri. 9.00 a.m. to 5.00 p.m. Premier Exotica, 1800223663
Sat. 2nd & 4th Holiday Banking Shop No. 40, Bldg No. kurlabr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) 3, Ground Floor, 3/A-
Working Sat. 9.00 a.m. to 3.00 p.m. Wing, HDIL Complex,
Sun. 10.00 a.m. to 2.00 p.m. Opp Don Bosco School,
Kurla (W)
Mumbai - 400 070.
Palghar Branch Mon. to Fri. 09.00 a.m. to 7.00 p.m. Shop no. 9, Dhanani 1800223663
Sat. 2nd & 4th Holiday Banking Building, Near Panch palgharbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Batti circle, Kacheri
Working Sat. 09.00 a.m. to 3.00 p.m. Road, Palghar (W) - 401
Sun. 10.00 a.m. to 2.00 p.m 404.
Dadar Branch Mon. to Fri. 9.00 a.m. to 5.00 p.m. First Floor, Dadar 1800223663
Sat. 2nd & 4th Holiday Banking Gurudwara Bld, Opp. dadarbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Chitra Cinema, Dr.
Working Sat. 9.00 a.m. to 3.00 p.m. Ambedkar Road, Dadar
Sun. 10.00 a.m. to 2.00 p.m. (E) - 400 014.
Santacruz – Mon. to Fri. 12.00 p.m. to 07.00 p.m. Unit No. 5A to 5D, 1800223663
Daulat Nagar (Lobby banking) Ground Floor, Shri Om santacruzbr@pmcbank.
Branch Saturday Holiday Shivam Apartment, com
Sun. 10.00 a.m. to 2.00 p.m. Condominium (Mayur)
Plot No 41, Tilak Road,
Santacruz (W), Mumbai
- 400 054.
Santacruz – Mon. to Fri. 8.00 AM TO 4.00 PM Ground Floor, Guru 1800223993
North Avenue Saturday Holiday Harkishan High School, santacruznorthbr@
Branch Sun. 10.00 AM TO 2.00 PM North Avenue Road, pmcbank.com
Santacruz (West),
Mumbai – 400 054.
Saki Vihar Mon. to Fri. 9.00 a.m. to 7.00 p.m. Sun Srishti “A” CHS Ltd., 1800223663
Branch Sat. 2nd & 4th Holiday Banking Shop 1, Ground , sakiviharbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Saki Vihar Road,
Working Sat. 9.00 a.m. to 3.00 p.m. Powai – 400 072.
Sun. 10.00 a.m. to 2.00 p.m.
Koldongri Mon. to Fri. 12.00 noon to 7.00 p.m. Next to Meghdut 1800223663
Branch Apartment, Shahaji koldongaribr@pmcbank.com
Saturday Holiday Raje Road, Village Vile
Sun. 10.00 a.m. to 2.00 pm Parle, Koldongri,
Vile Parle East,
Mumbai - 400 057.
60

E-MAIL ADDRESS
Dahisar Branch Mon. to Fri. 08.00 AM TO 3.00 PM Shree Bhaskar 1800223663
(Lobby banking) Apartment, Near Fish dahisarbr@pmcbank.com
(03.00 PM TO 6.00 PM) Market, L.T. Road,
Saturday Holiday Dahisar (W),
Sun. 10.00 AM TO 2.00 PM Mumbai – 400 068.
Kanjurmarg Mon. to Fri. 9.00 a.m. to 5.00 p.m. 1,2,3, Shri Cutchhi 1800223663
Branch Sat. 2nd & 4th Holiday Banking Brahmakshatriya kanjurmargbr@pmcbank.
(10.30 a.m. to 12.30 p.m.) Panchayat Trust, com
Working Sat. 9.00 a.m. to 3.00 p.m. Kanjur Village Road,
Sun. 10.00 a.m. to 2.00 p.m. Near Railway Station,
Kanjurmarg (East),
Mumbai – 400 042.
Virar – Naringi Mon. to Fri. 08.00 AM TO 3.00 PM Gr. Floor, Makwana 1800223663
Commerical Complex, NaringiBranch@pmcbank.
Saturday Holiday Veer Savarkar Marg, com
Sun. 10.00 AM TO 2.00 PM Narangi Phata, Village –
Naringi, Virar(E), Taluka
– Vasai, Dist – Palghar
– 401 305
Andheri, J.B. Mon. to Fri. 08.00 am to 03.00pm Unit No. G1 & G2, A 1800223663
Nagar (Lobby banking) Wing Silver Astra, CTS jbnagarbr@pmcbank.com
(03.00 PM TO 6.00 PM) No. 468 (C), J.B. Nagar,
Saturday Holiday Andheri (East), Mumbai
Sun. 10.00 a.m. to 2.00 pm - 400 059.
Kashimira Mon. to Fri. 08.00 am to 03.00 pm Manshi Classic, Zari 1800223663
Branch (Lobby banking) (3.00 Mari Road, Kashi kashimirabr@pmcbank.
PM TO 06.00 PM) Village, Mira Road, com
Saturday Holiday Thane District - 401 104.
Sun. 10.00 a.m. to 2.00 pm
Goregaon Mon. to Fri. 09.00 am to 07.00 pm Shop No. 66, 69, 1800223663
West Branch Sat. 2nd & 4th 10.30 AM TO 12.30 PM Ground Floor & goregaonwestbr@
(Bangur) Harmony Mall, Opp pmcbank.com
Working Sat. 9.00 am to 3.00 pm Vibgyor International
Sun. 10.00 a.m. to 2.00 pm School, Link Road,
Goregaon West,
Mumbai – 400 104.
Goregaon Mon. to Fri. 08.00 am to 3.00 pm 6/B1, Supriya House, 1800223663
East Branch (Lobby banking) Gagan Shopping dindoshibr@pmcbank.com
(Dindoshi) (3.00 PM TO 6.00 PM ) Complex, Gokuldham
Saturday Holiday. Road, Near Gokuldham
Sun. 10.00 a.m. to 2.00 pm Mandir, Goregaon (E),
Mumbai - 400 063.
61

E-MAIL ADDRESS
Borivali East Mon. to Fri. 9.00 a.m. to 7.00 p.m. Shop No. 1 to 5, Ground 1800223663
Branch Sat. 2nd & 4th Holiday Banking Floor, Gangadhar Nagar borivalibr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Co-op Hsg, Soc Ltd.,
Working Sat. 9.00 a.m. to 3.00 p.m. Shri Krishna Nagar,
Sun. 10.00 a.m. to 2.00 p.m. Near Pushpati Ganesh
Mandir, Borivali (East)
Mumbai - 400 066.
Nahur Branch Mon. to Fri. 9.00 a.m. to 5.00 p.m. Thakker Heights, Village 1800223663
Sat. 2nd & 4th Holiday Banking Road, Opp. Ceat Tyres, nahurbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Near Nahur Station,
Working Sat. 9.00 a.m. to 3.00 p.m. Mumbai – 400 078.
Sun. 10.00 a.m. to 2.00 p.m.
Vikhroli Mon. to Fri. 9.00 a.m. to 5.00 p.m. Bldg No. 150, Kranti 1800223663
Kannamwar Sat. 2nd & 4th Holiday Banking CHSL, Gr & First Floor, kannamwarnagarbr@
Nagar Branch (10.30 a.m. to 12.30 p.m.) Kannamwar Ngr No. 1, pmcbank.com
Working Sat. 9.00 a.m. to 3.00 p.m. Vikhroli (East) Mumbai
Sun. 10.00 a.m. to 2.00 p.m. – 400 083.
Raoli Camp Mon. to Fri. 8.00 a.m. to 7.00 p.m. Gr. Floor, Gurudwara, 1800223663
Branch Sat. 2nd & 4th Holiday Banking Raoli Camp, Opp raolicampbr@pmcbank.
(10.30 a.m. to 12.30 p.m.) Rajkamal Jewellers, com
Working Sat. 9.00 a.m. to 3.00 p.m. GTB Nagar, Mumbai -
Sun. 10.00 a.m. to 2.00 p.m. 400 037.
Bhandup Shivaji Mon. to Fri. 8.00 a.m. to 7.00 p.m. Saaz Cinema Building, 1800223663.
Talao Branch Sat. 2nd & 4th Holiday Banking Ground Floor, Opp. bhandupext@pmcbank.
(10.30 a.m. to 12.30 p.m.) Shivaji Talao, Junction com
Working Sat. 9.00 a.m. to 3.00 p.m. of Tank Road and J.M.
Sun. 10.00 a.m. to 2.00 p.m. Road, Bhandup (W),
Mumbai – 400 078.
Marol Branch Mon. to Fri. 08.00 am to 3.00 pm Orchid Business Park, 1800223663
(Lobby banking) Twin Arcade, Building marolbr@pmcbank.com
3.00 pm to 06.00 pm C-1, Military Road,
Saturday Holiday Marol, Andheri (East),
Sun. 10.00 a.m. to 2.00 pm Mumbai - 400 059
Ghatkopar (W) Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 6, 7 & 8, 1800223663
Amrut Nagar Sat. 2nd & 4th Holiday Banking Ground Floor, Kanan ghatkoparwestbr@
Branch (10.30 a.m. to 12.30 p.m.) Apartment, Plot No. pmcbank.com
Working Sat. 9.00 a.m. to 3.00 p.m. B-2, Amrut Nagar,
Sun. 10.00 a.m. to 2.00 p.m. Ghatkopar (W), Mumbai
– 400 086.
Bhayander Mon. to Fri. 08.00 a.m. to 03.00 p.m. Shop No. 3 to 9, Shiv 1800223663
Branch Prasad - 1, Indralok bhayanderbr@pmcbank.
Saturday Holiday Phase - II/A, Bhayander com
Sun. 10.00 a.m. to 2.00 p.m. (East), Thane - 401 105
62

E-MAIL ADDRESS
Mira Road Mon. to Fri. 9.00 a.m. to 7.00 p.m. Shop No.- 5,6 & 7, Bldg 1800223663
Branch Sat. 2nd & 4th Holiday Banking No. B-9/10 , Sundar miraroadbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Shantinagar CHSL.,
Working Sat. 9.00 a.m. to 3.00 p.m. Sector II, Shantinagar,
Sun. 10.00 a.m. to 2.00 p.m. Mira Road (E) , Dist.
Thane - 401 107
Virar (W) Mon. to friday 8.00 a.m. to 3.00 p.m. Survey no. 343, Ground 1800223663.
Yashwant Nagar Flr, Ameya Classic Club, virarwestbr@pmcbank.
Saturday Holiday Yeshwant Nagar, Village com
Sun. 10.00 a.m. to 2.00 p.m. Bolinj, Virar (W), Vasai,
Palghar - 401 303
Borivali West Mon. to Fri. 08.00 am to 03.00 pm Shop No.26 to 29, 1800223663
Lavender Shopping borivaliwestbr@pmcabank.
Saturday Holiday Complex, Garden Grove com
Sun. 10.00 a.m. to 2.00 pm Phase-II, Shimpoli-Gorai
Road, Near Kanti Park,
Borivali West,
Mumbai - 400 092.
KoparKhairane Mon. to Fri. 8.00 a.m. to 7.00 p.m. Plot no. 88, Sector-6, 1800223663
Branch Sat. 2nd & 4th Holiday Banking Kasturi, Kopar Khairane, koparbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Near Teen Taki, Navi
Working Sat. 9.00 a.m. to 3.00 p.m. Mumbai - 400 709.
Sun. 10.00 a.m. to 2.00 p.m.
Vashi Branch Mon. to Fri. 9.00 a.m. to 7.00 p.m. Plot no. 51, Sector 19E, 1800223663
Sat. 2nd & 4th Holiday Banking Opp Avlon International vashibr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) High School, Near
Working Sat. 9.00 a.m. to 3.00 p.m. RTO office, Vashi, Navi
Sun. 10.00 a.m. to 2.00 p.m. Mumbai – 400703.
Airoli Branch Mon. to Fri. 8.00 a.m. to 7.00 p.m. Shreeji Dham,Plot No.7, 1800223663
Sat. 2nd & 4th Holiday Banking Sector-7, Airoli, Navi airolibr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Mumbai - 400 708.
Working Sat. 9.00 a.m. to 3.00 p.m.
Sun. 10.00 a.m. to 2.00 p.m.
Kamothe Mon. to Fri. 9.00 a.m. to 7.00 p.m. Shop No.7,8, 9, 1800223663
Branch Sat. 2nd & 4th Holiday Banking Nandanvan Park C.H.S kamothebr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Ltd., Plot No.9, Sector
Working Sat. 9.00 a.m. to 3.00 p.m. 36, Kamothe, Navi
Sun. 10.00 a.m. to 2.00 p.m. Mumbai - 410 209
Panvel Branch Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No.3 to 6, 1800223663
Sat. 2nd & 4th Holiday Banking Tejaswani Arcade Co-op panvelbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Hsg. Soc., Plot No.9,
Working Sat. 9.00 a.m. to 3.00 p.m. Near Railway Station,
Sun. 10.00 a.m. to 2.00 p.m. Panvel (W) – 410 206.
63

E-MAIL ADDRESS
Nerul Branch Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 26, Beverly 1800223663
Sat. 2nd & 4th Holiday Banking Park, Plot No. 20, Sector nerulbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) – 6, Palm Beach Road,
Working Sat. 9.00 a.m. to 3.00 p.m. Nerul (W),
Sun. 10.00 a.m. to 2.00 p.m. Navi Mumbai - 400 706
Nerul Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 1 & 2 Shanti 1800223663
East Branch Sat. 2nd & 4th Holiday Banking Apartment F-1, Plot neruleastbr@pmcbank.
(10.30 a.m. to 12.30 p.m.) No. 3, Sector-11, Nerul com
Working Sat. 9.00 a.m. to 3.00 p.m. (East), Navi Mumbai -
Sun. 10.00 a.m. to 2.00 p.m. 400 706.
Roadpali Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 12A & 14, 1800223663
Branch Sat. 2nd & 4th Holiday Banking Neelkanth Heights, roadpalibr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Plot No. 43A & 44A,
Working Sat. 9.00 a.m. to 3.00 p.m. Sector 16, Opp. D Mart,
Sun. 10.00 a.m. to 2.00 p.m. Roadpali (Kalamboli),
Navi Mumbai- 410 218.
Kharghar Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 1, Balaji 1800223663
Branch Sat. 2nd & 4th Holiday Banking Amrut, Plot No. 193, khargarbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Sector 10, Kopra,
Working Sat. 9.00 a.m. to 3.00 p.m. Kharghar Navi Mumbai-
Sun. 10.00 a.m. to 2.00 p.m. 410 210
Ghansoli Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 1 to 6, Plot 1800223663
Branch Sat. 2nd & 4th Holiday Banking No. 14, Sector 07, ghansolibr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Bhoomi Parth, Opp
Working Sat. 9.00 a.m. to 3.00 p.m. Rajeev Gandhi College ,
Sun. 10.00 a.m. to 2.00 p.m. Ghansoli Navi Mumbai
- 400 701.
Kalyan(W) Mon. to Fri. 9.00 a.m. to 7.00 p.m. Shop No. B/5 and 1800223663
Branch Sat. 2nd & 4th Holiday Banking B/13, Ground floor, kalyanbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Shri Swami Prasad
Working Sat. 9.00 a.m. to 3.00 p.m. Bldg, Shelar Park,
Sun. 10.00 a.m. to 2.00 p.m. Khadakpada, Kalyan (W)
Thane - 421 301.
Thane Kolshet Mon. to Fri. 9.00 a.m. to 7.00 p.m. Shop no 13 to 18, 1800223663
Branch Sat. 2nd & 4th Holiday Banking Ashar Enclave, Ground thanebr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Floor, Opp Vardhaman
Working Sat. 9.00 a.m. to 3.00 p.m. Vatika, Dhokali Naka,
Sun. 10.00 a.m. to 2.00 p.m. Kolshet Road, Thane
(W) - 400 607.
Badlapur Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 19 to 21, A 1800223663
Branch Sat. 2nd & 4th Holiday Banking Wing, Yashwant Plaza, badlapurbr@pmcbank.com
(10.30 a.m. to 12.30 p.m.) Near Ruchira Hotel,
Working Sat. 9.00 a.m. to 3.00 p.m. Katrap, Badlapur (E) –
Sun. 10.00 a.m. to 2.00 p.m. 421 503.
64

E-MAIL ADDRESS
Ambernath Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 7, N-27, Shri 1800223663
Branch Sat. 2nd & 4th Holiday Banking Paranjpe Sahakari ambernathbr@pmcbank.
(10.30 a.m to 12.30 p.m) Marketing Soc. com
Working Sat. 9.00 a.m. to 3.00 p.m. Ltd., Station Road,
Sun. 10.00 a.m. to 2.00 p.m. Ambernath (W) –
421 501.
Kalyan (E) Mon. to Fri. 9.00 a.m. to 7.00 p.m. Ground Floor, Unit No. 1800223663
Branch Sat. 2nd & 4th Holiday Banking 107 & 108, Monarch kalyaneast@pmcbank.com
(10.30 a.m to 12.30 p.m) Crystal, Monarch
Working Sat. 9.00 a.m. to 3.00 p.m. Universal Lifescaspes
Sun. 10.00 a.m. to 2.00 p.m. Pvt. Ltd., Kalyan
Shilphata Road, Near
Tata Power House,
Kalyan (E)- 421 203.
Thakurli Branch Mon. to Fri. 9.00 a.m. to 5.00 p.m. Ground Floor, Shreeji 1800223663
Sat. 2nd & 4th Holiday Banking Palace, Nehru Road, thakurlieastbr@pmcbank.
(10.30 a.m to 12.30 p.m) Near Jalaram Mandir, com
Working Sat. 9.00 a.m. to 3.00 p.m. Opp. Thakurli Station,
Sun. 10.00 a.m. to 2.00 p.m. (E) – 421201.
Thane Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 5 & 6, Raj 1800223663
Brahmand Sat. 2nd & 4th Holiday Banking Residency, Brahmand brahmandbr@pmcbank.
Branch (10.30 a.m to 12.30 p.m) Society, Opp Kabra com
Working Sat. 9.00 a.m. to 3.00 p.m. House, Ghodbunder
Sun. 10.00 a.m. to 2.00 p.m. Road, Thane (W) –
400 607.
Thane Kavesar Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop no- 10A, 10B, 1800223663.
Branch Sat. 2nd & 4th Holiday Banking 11, 12, 13A & 13B, kavesarbr@pmcbank.com
(10.30 a.m to 12.30 p.m) Ground floor, Saraswati
Working Sat. 9.00 a.m. to 3.00 p.m. Vidyalaya, Kavesar,
Sun. 10.00 a.m. to 2.00 p.m. Ghodbunder Road,
Thane (W) - 400 615.
Thane Mon. to Fri. 9.00 a.m. to 5.00 p.m. Ground Floor, Pride 1800223663.
Kasarvadavali Sat. 2nd & 4th Holiday Banking Residency Complex, kasarvadavalibr@pmcbank.
Branch (10.30 a.m to 12.30 p.m) Kasarvadavali, com
Working Sat. 9.00 a.m. to 3.00 p.m. Ghodbunder Road,
Sun. 10.00 a.m. to 2.00 p.m. Thane (W) – 400 615.
Thane Mon. to Fri. 9.00 a.m. to 5.00 p.m. Ground Floor, Ashar 1800223663.
Majiwade Sat. 2nd & 4th Holiday Banking Tiara Mall, Pokhran Rd vasantviharbr@pmcbank.
Branch (10.30 a.m to 12.30 p.m) No. 2, Vasant Vihar, com
Working Sat. 9.00 a.m. to 3.00 p.m. Opp- Gandhi Nagar Bus
Sun. 10.00 a.m. to 2.00 p.m. Stop, Majewadi Thane
(W) - 400 610.
65

E-MAIL ADDRESS
Thane Wagle Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 4&5, 1800223663
Estate Branch Sat. 2nd & 4th Holiday Banking Sunrise Business wagleestatebr@pmcbank.
(10.30 a.m to 12.30 p.m) Park, Road No. 16, com
Working Sat. 9.00 a.m. to 3.00 p.m. (Quantum IT Park),
Sun. 10.00 a.m. to 2.00 p.m. Kishan Nagar no. 2,
Wagle Estate, Thane
West - 400 604.
Kalher Mon. to Fri. 9.00 a.m. to 5.00 p.m. Block No. 2, Ground 1800223663
Bhiwandi Sat. 2nd & 4th Holiday Banking Floor, Pavanputra kalherbr@pmcbank.com
(10.30 a.m to 12.30 p.m) Enclave, Near S.S.
Working Sat. 9.00 a.m. to 3.00 p.m. Hospital kalher
Sun. 10.00 a.m. to 2.00 p.m. Thane-Bhiwandi Road,
Bhiwandi Thane 421302
Kalwa Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 2 to 5, Shiv 1800223663
Sat. 2nd & 4th Holiday Banking Ashish Co-operative kalwabr@pmcbank.com
(10.30 a.m to 12.30 p.m) Housing Society Ltd.
Working Sat. 9.00 a.m. to 3.00 p.m. Opp Dnyan Prasarni
Sun. 10.00 a.m. to 2.00 p.m. School, Near Shankar
Mandir, Old Belapur
Road, Kalwa,
Thane - 400 605.
Ulhasnagar Mon. to Fri. 9.00 a.m. to 5.00 p.m. Baharani Pride, Shop 1800223663
Branch Sat. 2nd & 4th Holiday Banking No.1 A, Station Road, ulhasnagarbr@pmcbank.
(10.30 a.m to 12.30 p.m) Near CHM College, com
Working Sat. 9.00 a.m. to 3.00 p.m. Ulhasnagar (W) –
Sun. 10.00 a.m. to 2.00 p.m. 421 003.
Diva Branch Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No 1 to 3, 1800223663
Sat. 2nd & 4th Holiday Banking Shrikrishna Park, divabr@pmcbank.com
(10.30 a.m to 12.30 p.m) Ground Floor, C-Wing,
Working Sat. 9.00 a.m. to 3.00 p.m. Diva Shil road, Near
Sun. 10.00 a.m. to 2.00 p.m. Diva Station, Diva East
Thane - 400 612.
Dombivili Mon. to Fri. 9.00 a.m. to 8.00 p.m. Ground Floor, Shri 1800223663
Branch Sat. 2nd & 4th Holiday Banking Rajendra Co-operative dombivaliwestbr@
(10.30 a.m to 12.30 p.m) Hsg Sct Ltd, Thakur pmcbank.com
Working Sat. 9.00 a.m. to 3.00 p.m. Wadi, Pandit Dindayal
Sun. 10.00 a.m. to 2.00 p.m. Road, Dombivili (W) Dist
Thane 421 202.
Malang Road Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop no. 5& 6 Parvati 1800223663
Sat. 2nd & 4th Holiday Banking plaza, Malang Road, malangbr@pmcbank.com
(10.30 a.m to 12.30 p.m) Adivali, Kalyan (E)
Working Sat. 9.00 a.m. to 3.00 p.m. 421 306.
Sun. 10.00 a.m. to 2.00 p.m.
66

E-MAIL ADDRESS
Malad East Mon. to Fri. 08.00 am to 3.00pm Bldg/composite No. 1800223663
Branch 10, Shop No. 4, Shah maladeastbr@pmcbank.
Sat. Holiday Arcade/Shah Housecon, com
Sun. 10.00 a.m. to 2.00 pm Rani Sati Marg, (Wadari
Pada) Malad (E)
Mumbai - 400 097.
Malad West Mon. to Fri. 12.00 noon to 7.00 p.m. Shop No. 5&6, Ground 1800223663
Branch Floor, A wing, Nazarene maladwestbr@pmcbank.
Saturday Holiday Apt., Near Fire Brigade, com
Sun. 10.00 a.m. to 2.00 p.m. Marve Road, Kharodi
Malad (W) Mumbai -
400 095.
Khopoli Branch Mon. to Fri. 10.00 a.m. to 5.00 p.m. Ground Floor, Sai 1800223663
Sat. 2nd & 4th Holiday Banking Siddhant Building, khopolibr@pmcbank.com
(10.30 am to 12.30 pm) Plot CTS No. 3553 &
Working Sat. 10.00 a.m. to 4.00 p.m. 3554, Bazar Peth, Near
Sun. 10.00 a.m. to 2.00 p.m. Khopoli Railway Station,
Khopoli – 410 203.
Boisar Branch Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 21 to 25, 1800223663
Sat. 2nd & 4th Holiday Oswal Wonder City Thanebr@pmcbank.com
Building No. A1,
Working Sat. 9.00 a.m. to 3.00 p.m. Bhumapan / Gut No.
Sun. 10.00 a.m. to 2.00 p.m. 172, 158 & 156, Wonder
City, Boisar (East), Tal.
Palghar - 401501
Taloja Branch Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No. 1 to 3, 1800223663
Sat. 2nd & 4th Holiday Banking Keystone Arista, Plot talojabr@pmcbank.com
(10.30 a.m. to 12.30 p.m) No. 149, Sector 10,
Working Sat. 9.00 a.m. to 3.00 p.m. Panchanand Nagar, Opp
Sun. 10.00 a.m. to 2.00 p.m. Taloja Railway Station,
Taloja, Navi Mumbai.
Dist Raigad- 410 208
Ulwe Mon. to Fri. 9.00 a.m. to 5.00 p.m. Shop No.6 to 8, Sai 1800223663
Sat. 2nd & 4th Holiday Banking Sapphire, Near Tricity ulwebr@pmcbank.com
(10.30 a.m to 12.30 p.m) Avenue, Sector-20, Plot-
Working Sat. 9.00 a.m. to 3.00 p.m. 178 & 180, Ulwe, Navi
Sun. 10.00 a.m. to 2.00 p.m. Mumbai - 410 206
Dharavi Mon. to Fri. 8.00 a.m. to 7.00 p.m. First Floor, Dhuri Towers 1800223663
Sat. 2nd & 4th Holiday Banking rroom no (A) 101,102, dharavibr@pmcbank.com
(10.30 a.m to 12.30 p.m) Wing A, 90 FT Road,
Working Sat. 9.00 a.m. to 3.00 p.m. Opp Kamraj School,
Sun. 10.00 a.m. to 2.00 p.m. Dharavi,
Mumbai - 400 017
67

E-MAIL ADDRESS
Jogeshwari (E) Mon. to Fri. 12.00 pm to 07.00 pm Shop No 11,2(A), 1800223663
Ground Floor, jogeshwaribr@pmcbank.
Aishwariya Heights com.
Saturday Holiday Village Majas Shyam
Sun. 10.00 a.m. to 2.00 pm Nagar, Jogeshwari (E)-
400 060.
Agashi Road Mon. to Fri. 8.00 a.m. to 3.00 p.m. Shop No.8 & 9 , Plot No. 1800223663
(Virar) Saturday Holiday 11 & 12, Unique Rashmi viraragashibr@pmcbank.
Sun. 10.00 a.m. to 2.00 pm CHS Ltd, Agashi Road, com
Virar West - 401305
Nilje Dombivli Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No: 14 to 17, 1800223663
(E) Branch Sat. 2nd & 4th Holiday Banking Ground floor, Lodha niljebr@pmcbank.com
10.30 am to 12.30 pm Shopping Centre, Lodha
Working Sat. 9.00 am to 3.00 pm Heaven,Nilje, Kalyan-
Sun. 10.00 am to 2.00 pm Shil Road, Dombivali (E),
421 204.
Quarry road Mon. to Fri. 8.00 a.m. to 3.00 p.m. Rajmata Jijau Shikshan 1800223663
(Bhandup) Saturday Holiday Prasarak Mandal, bhandupquarryrdbr@
Sahyadri Nagar, Quarry pmcbank.com.
Sun. 9.00 am to 3.00 pm Road, Bhandup West
Mumbai – 400 078.
Vikhroli West Mon. to Fri. 8.30 am to 3.30 pm Shop No. 39, Ground 1800223663
Sat. 2nd & 4th 10.30 am to 12.30 pm Floor, Damji Shamji vikhroliwestbr@pmcbank.
Industrial Estate, LBS com
Working Sat. 10.00 am to 2.00 pm Marg, Vikhroli (West),
Sun. 10.00 am to 2.00 pm Mumbai - 400 083.
Parel Mon. to Fri. 8.30 am to 3.30 pm Shop No. 2,3,4 & 6, 1800223663
Sat. 2nd & 4th 10.30 am to 12.30 pm Rudra Heights, Dr. parelbr@pmcbank.com
Ambedkar Road, Parel,
Working Sat. 10.00 am to 2.00 pm
Mumbai - 400 012.
Sun. 10.00 am to 2.00 pm
Pune - Dange Mon. to Fri. 09.00 a.m. to 07.00 p.m. Shop No. 1 to 4, Rutuja 1800223663
Chowk Branch Sat. 2nd & 4th Holiday Banking Heights, Dange Chowk, dangechowkbr@pmcbank.
(10.30 a.m to 12.30 p.m) Thergaon, Chinchwad, com
Working Sat. 09.00 a.m. to 3.00 p.m. Pune- 411 033.
Sun. 10.00 a.m. to 2.00 p.m.
Rahatani Mon. to Fri. 09.00 a.m. to 4.00 p.m. Shop No. 9 to 10, Divya 1800223663
Branch Sat. Holiday Heights, Jagtap Dairy rahatanibranch@pmcbank.
Sun. 10.00 a.m. to 2.00 p.m. Road, Opp. Sindu Park, com
Near Rainbow Plaza,
Aundh Annexe, Pune –
411 017.
68

E-MAIL ADDRESS
Kasphate Wasti Mon. to Fri. 09.00 a.m. to 4.00 p.m. Shop No. 201/3 1800223663
Branch Sat. Holiday Sukhwani Callisto, kaspatewastibr@pmcbank.
Sun. 10.00 a.m. to 2.00 p.m. Near Pumpkin Patch com
School, Kasphate Wasti,
Wakad, Pune - 411 057.
Pune – Mon. to Fri. 09.00 a.m. to 4.00 p.m. Survey No-145, Upper 1800223663
Hinjewadi Sat. Holiday Ground Floor, Shivaji hinjewadibr@pmcbank.
Branch Sun. 10.00 a.m. to 2.00 p.m. Chowk, Hinjewadi, Tal. com
Mulshi, Dist. Pune - 411
057
Pune–Pashan Mon. to Fri. 09.00 a.m. to 4.00 p.m. Ground Floor, Survey 1800223663
Branch Sat. Holiday No. 116/7/1, Pashan pashanbr@pmcbank.com
Sun. 10.00 a.m. to 2.00 p.m. Sus Road, Shikshak
Colony, Pashan, Pune –
411 021.
Pune – Ravet Mon. to Fri. 09.00 a.m. to 4.00 p.m. Shop no-2 to 5, Bansal 1800223663
Branch Sat. Holiday Plaza, Sector No. 32A, ravetbranch@pmcbank.
Sun. 10.00 a.m. to 2.00 p.m. Plot No. SDC 8, Near com
D.Y. Patil College, Ravet
Pradhikaran,
Pune – 411 044.
Pune – Wakad Mon. to Fri. 09.00 a.m. to 4.00 p.m. Shri Kripa, Survey no. 1800223663
Branch Sat. Holiday 26,Pimpale Nilakh, wakadbranch@pmcbank.
Sun. 10.00 a.m. to 2.00 p.m. Vishal Nagar, Aundh- com
Wakad Road, Wakad,
Pune – 411027.
Pune – Mon. to Fri. 09.00 a.m. to 4.00 p.m. Sai Sankul, Shop No. 1800223663
Kalewadi Sat. Holiday 64, Near Union Bank of kalewadibr@pmcbank.com
Branch Sun. 10.00 a.m. to 2.00 p.m.. India, Kalewadi Main
Road, Pimpri, Pune –
411 017.
Pune – Baner Mon. to Fri. 09.00 a.m. to 4.00 p.m. Sanskruti Homes, Upper 1800223663
Branch Sat. Holiday Ground Flr, A-wing, banerbr@pmcbank.com
Sun. 10.00 a.m. to 2.00 p.m.. Survey No. 3, Hissa
No. 6, Balewadi, Baner,
Pune - 411 045
Spine City Mon. to Fri. 09.00 a.m. to 4.00 p.m. Shop : 20-21, A Wing, 1800223663
Moshi Sat. Holiday Gr.Floor, Spine City, moshibr@pmcbank.com
Sun. 10.00 a.m. to 2.00 p.m.. Plot LC -1 Sector - 9,
PCN TDA, Moshi, Pune
421105
69

E-MAIL ADDRESS
Nashik Canada Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. 15 to 18 1800223663.
Corner Branch Sat. 2nd & 4th Holiday Banking Gulmohar Arcade, nashikbr@pmcbank.com
(10.30 a.m to 12.30 p.m) Opp Kulkarni Garden,
Working Sat. 10.00 a.m. to 4.00 p.m. Canada Corner,
Sun. 10.00 a.m. to 2.00 p.m. Sharanpur Road, Nashik
– 422 005
Nashik Shivaji Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop no. G-10A &10B, 1800223663
Nagar Branch Sat. 2nd & 4th Holiday Banking Suyojit Arcade, Bodhale nashiksnbr@pmcbank.com
(10.30 a.m to 12.30 p.m) Nagar, Nashik Pune
Working Sat. 10.00 a.m. to 4.00 p.m. Road, Shivaji Nagar,
Sun. 10.00 a.m. to 2.00 p.m. Nashik - 422006.
Ratnagiri Mon. to Fri. 10.00 a.m. to 5.00 p.m. Vyankatesh Executive, 1800223663
Branch Sat. 2nd & 4th Holiday Banking Maruti Mandir ratnagiri br@pmcbank.com
(10.30 a.m to 12.30 p.m) Circle, Nachane road,
Working Sat. 10.00 a.m. to 4.00 p.m. Ratnagiri - 415 612.
Sun. 10.00 a.m. to 2.00 p.m.
Kolhapur- Mon. to Fri. 9 00 a.m. to 7.00 p.m. 511, KH, E Ward, S 1800223663
Station Road Sat. 2nd & 4th Holiday Banking tation Road, Kolhapur - stationroadbr@pmcbank.
Branch (10.30 a.m to 12.30 p.m) 416 001 com
Sun. 10.00 a.m. to 2.00 p.m.
Rajarampuri Mon. to Fri. 09.00 a.m. to 4.00 p.m. 1783, E Ward, Ranware 1800223663
Branch Sat. 2nd & 4th Holiday Complex, 2nd Lane, rajarampuribr@pmcbank.
Working Sat. 09.00 a.m. to 3.00 p.m. Rajarampuri, Kolhapur - com
Sun. Holiday. 416 008.
Shivaji Peth Mon. to Fri. 09.00 a.m. to 4.00 p.m. 2402, A ward, Shivaji 1800223663
Sat. 2nd & 4th Holiday Peth, Navsai Apt, New shivajipethbr@pmcbank.
Working Sat. 09.00 a.m. to 3.00 p.m. College Road, Kolhapur- com
Sun. Holiday 416 012
Ruikar Colony Mon. to Fri. 09.00 a.m. to 4.00 p.m. Plot No. 135, E Ward , 1800223663
Sat. 2nd & 4th Holiday Ruikar Colony, Kolhapur- ruikarcolony@pmcbank.
Working Sat. 09.00 a.m. to 3.00 p.m. 416 005 com
Sun. Holiday
Gandhinagar Mon. to Fri. 09.00 a.m. to 4.00 p.m. 413.3/ 1 A Near 1800223663
branch Sat. 2nd & 4th Holiday Ganesh Talkies, Main gandhinagarbr@pmc bank.
Road, Gandhinagar com
Working Sat. 09.00 a.m. to 03.00 p.m. Taluka – Karveer District
Sun. Holiday Kolhapur - 416 119
70

E-MAIL ADDRESS
Devkar Panand Mon. to Fri. 09.00 am to 04.00 pm Unit no 1, Ground 1800 223 663
Branch Satellite Sat. 2nd & 4th Holiday Floor, Karveer Niwasini devkarpanandbr@
Branch complex, R.S. No pmcbank.com
Working Sat. 09.00 am to 3.00 pm 925A/1, Devkar Panand
Sun. Holiday Chowk Sambhaji Nagar
Bus Stand Kolhapur-
416 012
Aurangabad Mon. to Fri. 10.00 a.m. to 5.00 p.m. Bagga Chambers, Plot 1800223663
Branch Sat. 2nd & 4th Holiday Banking No. 4/18-26, Jalna aurangabadbr@pmcbank.
(10.30 a.m to 12.30 p.m) Road, Opp. Akashwani, com
Working Sat. 10.00 a.m. to 4.00 p.m. Aurangabad – 431 001.
Sun. 10.00 a.m. to 2.00 p.m.
Osmanpura, Mon. to Fri. 10.00 a.m. to 5.00 p.m. Plot no-1, Yashwant 1800223663
Aurangabad Sat. 2nd & 4th Holiday Banking Ltd. Vikas Nagar, osmanpurabr@pmcbank.
Branch (10.30 a.m to 12.30 p.m) New Osmanpura, com
Working Sat. 10.00 a.m. to 4.00 p.m. Aurangabad - 431 005.
Sun. 10.00 a.m. to 2.00 p.m.
Nanded Branch Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. 3-6-281, 1800223663
Sat. 2nd & 4th Holiday Banking Ground Flr, CTS No. nandedbr@pmcbank.com
(10.30 a.m to 12.30 p.m) 1863, Sri Sai Plaza, Opp.
Working Sat. 10.00 a.m. to 4.00 p.m. Balaji mandir, G.G.Road,
Sun. 10.00 a.m. to 2.00 p.m. Nanded – 431 601.
BRANCHES IN DELHI STATE
Amar Colony Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. C-32 TO 33, 1800223663
Sat. 2nd & 4th Holiday Banking Amar Colony, Lajpat amarcolonybr@pmcbank.
(10.30 a.m to 12.30 p.m) Nagar IV, com
Working Sat. 10.00 a.m. to 4.00 p.m. New Delhi -110 024.
Sun. 10.00 a.m. to 2.00 p.m.
Tilak Nagar Mon. to Fri. 10.00 a.m. to 5.00 p.m. 6/67, Double Storey, 1800223663
Sat. 2nd & 4th Holiday Banking Near Tilak Nagar, Metro tilaknagarbr@pmcbank.
(10.30 a.m to 12.30 p.m) Station Gate No 1, New com
Working Sat. 10.00 a.m. to 4.00 p.m. Delhi – 110 018.
Sun. 10.00 a.m. to 2.00 p.m.
Uttam Nagar Mon. to Fri. 10.00 a.m. to 5.00 p.m. B-15, Ramdutt Enclave, 1800223663
Sat. 2nd & 4th Holiday Banking Near Metro Station, uttambr@pmcbank.com
(10.30 a.m to 12.30 p.m) Uttam Nagar,
Working Sat. 10.00 a.m. to 4.00 p.m. New Delhi -110 059
Sun. 10.00 a.m. to 2.00 p.m.
Malviya Nagar Mon. to Fri. 10.00 a.m. to 5.00 p.m. 80/20, AB L Block, 1800223663
Sat. 2nd & 4th Holiday Banking Near Gurudwara Road, malviyabr@pmcbank.com
(10.30 a.m to 12.30 p.m) Malviya Nagar, New
Working Sat. 10.00 a.m. to 4.00 p.m. Delhi -110 017
Sun. 10.00 a.m. to 2.00 p.m.
71

E-MAIL ADDRESS
Rajouri Garden Mon. to Fri. 10.00 a.m. to 5.00 p.m. J-9/21, Rajouri Garden , 1800223663
Sat. 2nd & 4th Holiday Banking New Delhi - 110 027 rajorigardenbr@pmcbank.
(10.30 a.m to 12.30 p.m) com
Sun. 10.00 a.m. to 2.00 p.m.
New Delhi – Mon. to Fri. 10.00 a.m. to 5.00 p.m. 1247/ 4-Naiwala, 1800223663
Karol Bagh Sat. 2nd & 4th Holiday Banking Karol Bagh, karolbr@pmcbank.com
(10.30 a.m to 12.30 p.m) New Delhi - 110 005
Sun. 10.00 a.m. to 2.00 p.m.
BRANCHES IN KARNATAKA STATE

Sirsi (Regional Mon. to Fri. 10.00 a.m. to 5.00 p.m. C. P. Bazar, 1800223663
Office & Sat. 2nd & 4th Holiday Banking Sirsi, sirsibr@pmcbank.com
Branch) (10.30 a.m to 12.30 p.m) Dist. North Kanara,
Working Sat. 10.00 a.m. to 4.00 p.m. Karnataka - 581 401.
Sun. 10.00 a.m. to 2.00 p.m.
Dharwad Mon. to Fri. 10.00 a.m. to 5.00 p.m. Elite Business Centre, 1800223663
Branch Sat. 2nd & 4th Holiday Banking 307/9-A, Nagarkar dharwadBr@pmcbank.com
(10.30 a.m to 12.30 p.m) Colony, P.B. Road,
Working Sat. 10.00 a.m. to 4.00 p.m. Dharwad - 580 001.
Sun. 10.00 a.m. to 2.00 p.m.
Shimoga Mon. to Fri. 10.00 a.m. to 5.00 p.m. Vadiraj Complex , Opp. 1800223663
Branch Sat. 2nd & 4th Holiday Banking Subbaiyya Complex, shimogabr@pmcbank.com
(10.30 a.m to 12.30 p.m) Jail Road, (sr ) Road
Working Sat. 10.00 a.m. to 4.00 p.m. Shimoga - 577 201
Sun. 10.00 a.m. to 2.00 p.m.
Yellapur Mon. to Fri. 10.00 a.m. to 5.00 p.m. Basweshwar Heights, 1800223663
Sat. 2nd & 4th Holiday Banking Shop No-18, First Floor, yellapurbr@pmcbank.com
(10.30 a.m to 12.30 p.m) Yellapur Bus Stand
Working Sat. 10.00 a.m. to 4.00 p.m. Road, Yellapur,
Sun. 10.00 a.m. to 2.00 p.m. Karnataka - 581 359
Hubli Branch Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. 4 & 5, Ground 1800223663
Sat. 2nd & 4th Holiday Banking Floor, Akshay Mansion, hublibr@pmcbank.com
(10.30 a.m to 12.30 p.m) Gokul Road,
Working Sat. 10.00 a.m. to 4.00 p.m. Hubli – 580 030
Sun. 10.00 a.m. to 2.00 p.m.
BANGALORE BRANCH
Bengaluru – Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. 149, 1800223663
Mahalaxmi Sat. 2nd & 4th Holiday Banking Shankar Nagar, mahalaxmilaybr@
Layout Branch (10.30 a.m to 12.30 p.m) Mahalaxmi Layout, pmcbank.com
Working Sat. 10.00 a.m. to 4.00 p.m. Bengaluru – 560 096.
Sun. 10.00 a.m. to 2.00 p.m.
72

E-MAIL ADDRESS
Bengaluru – Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. 579 MG 1800223663
Rajaji Nagar Sat. 2nd & 4th Holiday Banking Complex Ground Floor, rajajinagarbr@pmcbank.
Branch (10.30 a.m to 12.30 p.m) II Main Road, II Block, com
Working Sat. 10.00 a.m. to 4.00 p.m. Rajaji Nagar, Bengaluru
Sun. 10.00 a.m. to 2.00 p.m. - 560 010
Bengaluru – Mon. to Fri. 10.00 a.m. to 5.00 p.m. Office No 2034/37, 1800223663
Vijay Nagar Sat. 2nd & 4th Holiday Banking 1st Main Road, R.P.C vijaynagarbr@pmcbank.
Branch (10.30 a.m to 12.30 p.m) Layout, Vijay Nagar, com
Working Sat. 10.00 a.m. to 4.00 p.m. Bengaluru 560 040
Sun. 10.00 a.m. to 2.00 p.m.
Bengaluru – Mon. to Fri. 10.00 a.m. to 5.00 p.m. 487, Dream Palace, 8th 1800223663
Basaveshwar Sat. 2nd & 4th Holiday Banking Main, Bemi Layout, basaveshwarbr@pmcbank.
Nagar Branch (10.30 a.m to 12.30 p.m) Basaveshwar Nagar, com
Working Sat. 10.00 a.m. to 4.00 p.m. Bengaluru - 560 079
Sun. 10.00 a.m. to 2.00 p.m.
Bengaluru – Mon. to Fri. 10.00 a.m. to 5.00 p.m. No.1, Bangalakunte 1800223663
Hesarghatta Sat. 2nd & 4th Holiday Banking House building Co-op hessarghattabr@pmcbank.
Branch (10.30 a.m to 12.30 p.m) Soc. Ltd, Hesarghatta, com
Working Sat. 10.00 a.m. to 4.00 p.m. Main Road, MEI Colony,
Sun. 10.00 a.m. to 2.00 p.m. Near Widia High School,
Bengaluru- 560 073.
Bengaluru – Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No.2, Ground 1800223663
Attibele Branch Sat. 2nd & 4th Holiday Banking Floor, Sri Jaya Bharati attibelebr@pmcbank.com
(10.30 a.m to 12.30 p.m) Education Co-Op
Working Sat. 10.00 a.m. to 4.00 p.m. Society Complex,
Sun. 10.00 a.m. to 2.00 p.m. Hosur Road, Anekal
Taluk, Dist. Attibele,
Bengaluru 562 107
Bengaluru – Mon. to Fri. 10.00 a.m. to 5.00 p.m. Site No. 332, Ground 1800223663
Peenya Branch Sat. 2 & 4 Holiday Banking Floor, Near Hegganahalli peenyabr@pmcbank.com
nd th
(10.30 a.m to 12.30 p.m) Bus Stop, Hegganahalli

Working Sat. 10.00 a.m. to 4.00 p.m. Main Road, Peenya
Sun. 10.00 a.m. to 2.00 p.m. II Stage, Bengaluru
- 560 091
Bengaluru – Mon. to Fri. 10.00 a.m. to 5.00 p.m. “289”, Ground Floor, 1800223663
Anna- Sat. 2nd & 4th Holiday Banking Annapurneshwarinagar, annapurneshwarinagarbr@
purneshwari (10.30 a.m to 12.30 p.m) (H & F Layout), pmcbank.com
nagar Branch Working Sat. 10.00 a.m. to 4.00 p.m. Srigandada Kaval,
Sun. 10.00 a.m. to 2.00 p.m. Bengaluru – 560 091
Bengaluru – Mon. to Fri. 10.00 a.m. to 5.00 p.m. 1067, 50 ft Road, 080-26669618/19/20
Kumaraswamy Sat. 2nd & 4th Holiday Banking Vyasrao Ballal road, kumaraswamybr@
Layout Branch (10.30 a.m to 12.30 p.m) Near Water Tank pmcbank.com
Working Sat. 10.00 a.m. to 4.00 p.m. Bus Stop, 1st Stage,
Sun. 10.00 a.m. to 2.00 p.m. Kumara Swamy Layout,
Bengaluru - 560 078
73

E-MAIL ADDRESS
Bengaluru Mon. to Fri. 10.00 a.m. to 5.00 p.m. 146/1,Ground Floor, 1800223663
– Mallesh- Sat. 2nd & 4th Holiday Banking Shantala Plaza, 14th malleshwarambr@
waram (10.30 a.m to 12.30 p.m) Cross, 8th Main, pmcbank.com
Working Sat. 10.00 a.m. to 4.00 p.m. Malleswaram,
Sun. 10.00 a.m. to 2.00 p.m. Bengaluru - 560 003
BRANCHES IN GUJARAT STATE

Surat – Mon. to Fri. 10.00 a.m. to 5.00 p.m. Prahar, Building No. 60, 1800223663
Ghod-dod Sat. 2nd & 4th Holiday Banking Ground Floor, Subhash ghoddhodbr@pmcbank.
(10.30 a.m to 12.30 p.m) Nagar Society, Ghod- com
Working Sat. 10.00 a.m. to 4.00 p.m. dod Road,
Sun. 10.00 a.m. to 2.00 p.m. Surat - 395 007
Surat – Pal Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No1&2, Palash 1800223663
Sat. 2nd & 4th Holiday Banking Palladia, Near paladajanbr@pmcbank.
(10.30 a.m to 12.30 p.m) Galaxy Circle, Beside com
Working Sat. 10.00 a.m. to 4.00 p.m. Kiran Motors,
Sun. 10.00 a.m. to 2.00 p.m. Green City Road,
Pal-Surat - 395 009.
Vapi – Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. 2, Sitaram 1800223663
Chala Road Sat. 2nd & 4th Holiday Banking Square, Survey No. vapibr@pmcbank.com
(10.30 a.m to 12.30 p.m) 368/A/1, Vapi-Daman
Working Sat. 10.00 a.m. to 4.00 p.m. Main Road, Chala Road,
Sun. 10.00 a.m. to 2.00 p.m. Vapi - 396 191
Surat - Vesu Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No- 37 & 38, J9 1800223663
Sat. 2nd & 4th Holiday Banking High Street, Beside vesubr@pmcbank.com
(10.30 a.m to 12.30 p.m) Dream World Residency,
Working Sat. 10.00 a.m. to 4.00 p.m. Vesu Canal Road, Vesu,
Sun. 10.00 a.m. to 2.00 p.m Surat - 395 007
Surat - Varacha Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop no 56 Ground 1800223663
Sat. 2nd & 4th Holiday Banking Floor Leonard Square, varachabr@pmcbank.com
(10.30 a.m to 12.30 p.m) Yogi Chowk, Varacha -
Working Sat. 10.00 a.m. to 4.00 p.m. 395 006.
Sun. 10.00 a.m. to 2.00 p.m
BRANCHES IN GOA STATE

Ponda Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. 1, G-10/11/12, 1800223663
Sat. 2nd & 4th Holiday Banking Atharva Residency, pondabr@pmcbank.com
(10.30 a.m to 12.30 p.m) Near Maruti Mandir,
Working Sat. 10.00 a.m. to 4.00 p.m. Varkhande, Ponda, Goa
Sun. 10.00 a.m. to 2.00 p.m - 403 401
74

E-MAIL ADDRESS
Mapusa-Pedem Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. S-4A/4B, Vincy 1800223663
Sat. 2nd & 4th Holiday Banking Plaza, Opp. District mapusabr@pmcbank.com
(10.30 a.m to 12.30 p.m) Hospital, Pedem-
Working Sat. 10.00 a.m. to 4.00 p.m. Mapusa, Goa - 403 507
Sun. 10.00 a.m. to 2.00 p.m.
Carenzalem Mon. to Fri. 10.00 a.m. to 5.00 p.m. Heritage Symphony, 1800223663
Sat. 2nd & 4th Holiday Banking Shop No. B-1 and caranzalembr@pmcbank.
(10.30 a.m to 12.30 p.m) 2, Ground Floor, com
Working Sat. 10.00 a.m. to 4.00 p.m. Carenzelim, Taleigaon
Sun. 10.00 a.m. to 2.00 p.m. on Old Dona-Paula
Road, Carenzelim,
Goa - 403 002
Porvorim Mon. to Fri. 10.00 a.m. to 5.00 p.m. Socoilem Galuem, 1800223663
Sat. 2nd & 4th Holiday Banking Sanshas Lajoy Complex, porvorimbr@pmcbank.
(10.30 a.m to 12.30 p.m) Shop No. 23, NH-17, com
Working Sat. 10.00 a.m. to 4.00 p.m. Soccorro, Porvorim,
Sun. 10.00 a.m. to 2.00 p.m. Goa - 403 521
Margao Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. LG-1/2, UG- 1800223663
Sat. 2nd & 4th Holiday Banking 1/2, Kurtarkar Majesty, margaobr@pmcbank.com
(10.30 a.m to 12.30 p.m) Malbhattta, Margao,
Working Sat. 10.00 a.m. to 4.00 p.m. Goa - 403 601.
Sun. 10.00 a.m. to 2.00 p.m.
Dabolim Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. 22,23,24 & 25, 1800223663
Sat. 2nd & 4th Holiday Banking Building No. A, Prabhu’s dabolimbr@pmcbank.com
(10.30 a.m to 12.30 p.m) Sky Panaromics, Alto
Working Sat. 10.00 a.m. to 4.00 p.m. Dabolim, Mormugao,
Sun. 10.00 a.m. to 2.00 p.m. Goa - 403 801
BRANCHES IN MADHYA PRADESH STATE
Ashok Nagar Mon. to Fri. 10.00 a.m. to 5.00 p.m. 9, Ashok Nagar, 1800223663
Indore Sat. 2nd & 4th Holiday Banking Bhawarkua Main Road, ashoknagarbr@pmcbank.
(10.30 a.m to 12.30 p.m) Indore - 452 001 com
Sun. 10.00 a.m. to 2.00 p.m.
Vijay Nagar Mon. to Fri. 10.00 a.m. to 5.00 p.m. Shop No. UG-10, Om 1800223663
Indore Sat. 2nd & 4th Holiday Banking Gurudev Complex, indorevijaynagarbr@
(10.30 a.m to 12.30 p.m) Sector E, Scheme No. pmcbank.com
Working Sat. 10.00 a.m. to 4.00 p.m. 54, Vijay Nagar, Indore -
Sun. 10.00 a.m. to 2.00 p.m. 452 010
75
OFFSITE ATMs
Raoli Camp Building No. 5, GTB Nagar, Sion (E), Mumbai – 400 083
Tilak Nagar Shop No. 12, Building No. 2-B, Mhada Colony, Sahakar Nagar, Opp. Tilak Nagar
Railway Station, Chembur (E), Mumbai – 400 071
Nanded Gurudwara Langar Sahib
Kalamboli Sri Gurunanak Sachkhand Sabha , Near Carmel School,
Sec- 11, Plot No. 7, Kalamboli, Navi Mumbai – 410 218.
Ghatkopar Guru Nanak Nagar,Near Ambedkar Garden, Pant Nagar,
Ghatkopar (East) - 400 075
OTHER DEPARTMENTS
Centralised Clearing Dept. 2nd Floor, 264, Gurudwara Bldg., Shaheed Bhagat Singh Rd.,Fort, Mumbai –
400 001. Tel:66202421/66202422/35
Centralised Storage Wadala Truck Terminal, A-1, Bldg., 2nd Floor, Unt No.203 to 214 & Unit 217
to 230 Wadala, Mumbai – 400 037. Tel: 2404 6594/24046595
IT Department Unit No. 301/A, 3rd Floor, WIFI Park, Plot # B-3,Road # 1, Opp Aplab Bldg,
Wagle Estate Thane (W) - 400 604 TEL NO- 21581900
76
APPLICATION FORM
Punjab & Maharashtra Co-operative Bank Ltd.,
PMC Bank Members Welfare Trust
Central Office : Office No. 4 & 5,
3rd Floor, Dreams Mall,
L.B.S. Marg, Bhandup (West),
Mumbai – 400 078.
Dear Sir,
Subject : Application for Reimbursement of
A) Medical Expenses
B) Merit Scholarship
C) Excellence in the field of Sports
This has reference to the above Subject. I am submitting my Application for which I give below the details as
follows :
1. Name ………………………………..................................................................……………………………………………………….
(Surname) (1st Name) (Middle Name)
2. Address :-……………………………………………………………………........................................................………………………
..............................………………...…………………………………………………………………...........……………………………………
3. Members Register:- Membership No. / No. of Shares held:-………………………………………...........………......……
4. Date of birth & age……….................................................…………………………………………………...........………………
5. Purpose:-Medical……….............…….../ Education…….....…............…….% / Sports……..............…….……Medal
6. Proof Enclosed :- (Original bills/ copy of Certificate)…….....................................………….........……………………
7. S/B Account Number and held with:- (Our Bank A/c)……………...................................…………........…………….
8. Telephone Number:-………………………………...............................................……………………………………..........…..
9. Amount claimed in the past (if any)……………………………………………………….
Purpose, amount claimed, and date………………………………………………………..
________________ _____________________
Date: Signature of Member

77
PUNJAB AND MAHARASHTRA CO-OPERATIVE BANK LTD.

MEMBERS WELFARE FUND
Schemes offered under the Members Welfare Fund of the Bank
1. Reimbursement of Medical Expenses for Cataract operation of Senior Citizens (60 years and above).
2. Recognition of Students for academic excellence &
3. Recognition of Students for excellence in the field of sports
General Eligibility Criteria [Applicable to all INDIVIDUAL members]
(a) An active member who has completed five years of membership of the Bank as a shareholder as on 31st
March 2019.
(b) The members can take benefit of the scheme within a period of 6 months after the event, i.e. after
discharge / cure in the case of illness.
(c) The members should be holding an operative account (Minimum one transaction per month), for a
minimum period of 2 years.
(d) The member whose income is not more than ` 10000/- per month.
(e) In case of Joint shareholdings, the member whose name stands first will be eligible.
(f) In case the members’ spouse or child is an employee of the Bank, the scheme will be applicable subject to
the employee not seeking re-imbursement.
RULES, BENEFITS AND RELATED ELIGIBILITY CRITERIA
Surgery: Members who have undergone cataract operation will be eligible for an amount
of ` 10,000/-.
Merit Students / Sports: Children of Members fulfilling the following criteria will be eligible for an amount
of ` 10,000/-.
1. Children of Members who have scored good results in the academics in the first attempt.
2. Children of Members who have won a Medal at State level or National level in the field of any indoor /
outdoor sports.
PLEASE NOTE :
1. ONLY FIRST 25 APPLICATIONS RECEIVED IN THE CATEGORY OF RE-IMBURSEMENT WILL BE
CONSIDERED.
2. ONLY FIRST 20 APPLICATIONS RECEIVED IN THE CATEGORY OF ACADEMIC EXCELLENCE / EXCELLENCE
IN THE FIELD OF SPORTS WILL BE CONSIDERED.
3. CLAIMS FOR REIMBURSEMENT (TO BE MADE WITHIN 6 MONTHS) AS PER THE REQUISITE FORMAT
ATTACHED.
4. CLAIMS FOR RECOGNITION OF ACADEMIC EXCELLENCE / EXCELLENCE IN THE FIELD OF SPORTS (TO
BE MADE WITHIN 6 MONTHS) FROM THE DATE OF DECLARATION OF RESULTS / RECEIVING MEDALS.
78
NOTICE TO THE MEMBERS

The members may be aware that in the last Annual General Meeting certain amendments to the Byelaws were
approved. According to the amended Byelaw 9 (f) an “Active Member” has to fulfil all the following criteria:
(a) Has been admitted as an ordinary member under Byelaws of the Bank;
(b) Attends atleast one General Body Meeting in the previous 3 consecutive years;
(c) Utilises Minimum Level of Services as provided in the Byelaw no. 4 (xxiv);
(d) A person who is not a defaulter as prescribed by the Reserve Bank of India from time to time.
It may be further noted that the “Minimum Level of Services” as per Byelaw no. 4 (xxiv), means :
To maintain with the Bank average daily balance during the previous financial year as under :
(i) Savings Account ` 5,000/- OR

(ii) Current Account ` 10,000/- OR
(iii) Fixed or Term Deposits ` 1,00,000/- OR
(iv) Loans of any type for an amount aggregating to ` 1,00,000/-
The rights and duties of the members are clearly spelt out in our Byelaw no. 9 (c).
The above amendments were approved by the Central Registrar, New Delhi vide his letter no. L-11016/19/2002-
L&M dated 28/11/2013.
The members can exercise the rights and duties provided in Byelaw No. 9 (c) by fulfilling the above criteria.
*Note: Members are requested to intimate any change in office and residential address and account details so
as to keep our record up to date.
79
Electronic Clearing service (Credit Clearing)

Mandate Form
(Shareholder’s option to receive dividend through Credit Clearing Mechanism)
Yearly Dividend on Shares

Membership No. :_____________
1) Shareholder’s Name :_______________________________________________________________
2) Particulars of Bank account
A. Name of the Bank :_______________________________________________________________
B. Name of the Branch & Address :_____________________________________________________
_________________________________________________________________________________
Telephone No.: ____________________________________________________________________
C. 9-Digit code number of the bank and branch
appearing on the MICR cheques issued by the bank:
D. Type of account (Savings, Current, or Cash Credit) :
with code (10/11/13)
E. Ledger and Ledger Folio number :
F. Account No. (as appearing on the cheque book) :
(In lieu of bank certificate to be obtained as under, please attach a blank cancelled cheque or photocopy
of the cheque or front page of your saving bank passbook issued by your bank for verification of the above
particulars)
3) Date of effect :
I hereby declare that the particulars given above are correct and complete. If the transaction is delayed not
affected at all for reason of incomplete or incorrect information, I shall not hold the user institution responsible.
I have read the option invitation letter and agree to discharge the responsibility expected of me as participant
under the scheme.
(_______________________) (_______________________)
(Date) Signature of Shareholder
Certified that the particulars furnished above are correct as per our records .
Bank’s Stamp.
Date :___________________________
80
Events during the year

Bank distributed food packets during

flood in Lingnur, Sagaon, Kagal
area. Also skin ointment tubes were
distributed to flood affected people who
were stationed in Kalyani hall, Kolhapur.
During the recent flood in Kolhapur

region, Shirol Taluka was most affected.
Out of many schools affected in this

area, staff personally contributed to one
among such school v.i.z. Shri Dattavidya
Mandir, Nrusinhawadi by distributing
textbooks kit, pens to 105 students of
9th and 10th standard.
Bank also offered Cupboards and LED to

the said school.
After flood on 29.08.2019 Bank arranged

Medical camp for health checkups in
Buddh Vihar, Siddharth Nagar, Kolhapur
area, with help of Doctors team from
Lokmanya Hospital.
GROWTH CHART FOR LAST 36 YEARS
( ` In Crores)
Sr. End of Year Paid-Up Total Deposits Loans & Total Working Net Profit
No. Capital Reserve Fund Advances Capital (+)/Loss(-)
1 2018-2019 292.61 933.94 11617.34 8383.33 13313.25 99.69
2 2017-2018 294.22 814.80 9938.85 7428.08 11390.10 100.90
3 2016-2017 284.51 747.90 9012.00 6438.23 10320.50 96.94
4 2015-2016 241.42 638.35 7781.47 5527.54 8847.91 78.48
5 2014-2015 187.26 528.36 6870.32 4879.09 7952.43 78.09
6 2013-2014 144.58 406.77 5687.33 3751.26 6499.04 63.55
7 2012-2013 110.73 378.21 4453.14 3087.60 5214.70 50.43
8 2011-2012 85.46 351.10 3418.05 2523.30 4151.21 38.73
9 2010-2011 79.83 219.67 2827.38 2079.88 3401.20 29.08
10 2009-2010 64.00 204.24 2540.28 1897.84 2997.93 27.06
11 2008-2009 43.60 180.10 1712.07 1252.79 2126.53 30.67
12 2007-2008 33.09 126.94 1403.13 804.93 1640.46 27.90
13 2006-2007 28.75 116.31 1289.52 928.77 1504.19 11.04
14 2005-2006 25.70 104.65 1172.62 733.15 1353.44 11.40
15 2004-2005 25.75 91.13 1082.54 722.99 1279.58 12.57
16 2003-2004 21.68 73.52 1032.64 670.98 1184.55 14.41
17 2002-2003 12.69 54.33 856.61 537.41 958.58 13.17
18 2001-2002 8.49 37.02 713.27 451.62 800.72 11.16
19 2000-2001 4.48 21.96 573.31 370.55 639.58 9.06
20 1999-2000 2.51 14.19 425.46 260.28 461.17 6.05
21 1998-1999 1.93 9.33 288.64 174.10 313.32 4.05
22 1997-1998 1.43 6.11 157.81 97.54 174.12 2.90
23 1996-1997 1.09 5.06 88.44 55.04 101.26 1.71
24 1995-1996 0.81 3.72 43.23 32.04 52.04 1.15
25 1994-1995 0.55 2.66 25.03 17.64 30.27 0.56
26 1993-1994 0.45 1.53 15.10 11.34 21.61 0.30
27 1992-1993 0.40 1.12 13.44 10.79 16.41 0.41
28 1991-1992 0.36 0.67 10.53 9.47 12.82 0.41
29 1990-1991 0.33 0.39 7.12 5.50 8.48 0.15
30 1989-1990 0.28 0.21 5.27 3.67 6.16 0.00
31 1988-1989 0.25 0.15 2.73 1.44 3.19 0.00
32 1987-1988 0.11 0.05 2.02 0.78 2.22 0.00
33 1986-1987 0.09 0.02 0.61 0.54 0.81 0.02
34 1985-1986 0.09 0.00 0.45 0.45 0.70 (0.02)
35 1984-1985 0.09 0.00 0.59 0.40 0.82 0.00
36 30.06.84 0.08 0.00 0.31 0.23 0.40 0.01
PUNJAB & MAHARASHTRA CO-OPERATIVE BANK LIMITED
REGISTERED OFFICE : 240, Shankar Sadan, Opp. Matalachmi Hospital,

Sion (E), Mumbai - 400 022. Tel.: (022) 24014197

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36th Annual Report 2018-2019

FOUNDER CHAIRMAN FORMER CHAIRMAN

Working Capital 13,313.25 11,390.10 16.88

MEMBERS OF THE BOARD

S. Waryam Singh S. Balbir Singh Kochhar

Shri Jagdish S. Gurnam Singh Smt. Trupti Bane Smt. Parmeet

S. Jasvinder Singh Shri Brij Bhushan Smt. Mukti Shri. Omprakash

Events during the year

Deputy General Managers

Statutory Auditors Solicitors

BANK PROFILE AS ON MARCH 31, 2019

4. Commencement of : February 13, 1984.

5. Licence No. and Date : LIC NO. DBOD/UBD/MH.370 P - January 9, 1984.

6. Number of Members : 51601

7. Number of Staff : 1814

8. Number of Branches : 137 Branches

9. Paid –up Share Capital : ` 292.61 Crore

10. Total Reserves & Funds : ` 933.94 Crore

11. Total Deposits : ` 11,617.34 Crore

12. Total Loans and Advances : ` 8,383.33 Crore

13. Total Overdues : ` 331.20 Crore

14. % of Overdues : 3.95% *

15. Gross N.P.As : 3.76 %

16. Net N.P.As : 2.19%

17. Capital Adequacy Ratio : 12.62 %

18. Net Profit : ` 99.69 Crore

19. Working Capital : ` 13313.25 Crore

20. Audit Classification : ‘A’

* Total overdue includes NPA accounts.

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Particulars 31.03.2019 31.03.2018 % Increase /

Particulars 2018-19 2017-18

EMAIL ID FOR QUERIES

Pradhan Mantri Awas Yojana :

CAPITAL TO RISK ASSET RATIO (CRAR)

INTERNATIONAL BANKING DIVISION

M.R. PAI MEMORIAL AWARD

MEMBERS WELFARE FUND

HUMAN RESOURCES AND TRAINING

AUDIT AND INSPECTION

Round the Clock Digital banking

• Self registration for Internet Banking and Mobile Banking

CORPORATE TIE-UP FOR INSURANCE & MUTUAL FUNDS:

CUSTOMER CONVENIENCE CENTRE

ADVERTISING & PUBLICITY

CORPORATE SOCIAL RESPONSIBILITY:

INDEPENDENT AUDITOR’S REPORT

Category Outstanding as on 31.03.2019

Particulars Amount Outstanding Security Value Overdues, if any

Balance Sheet as at March 31, 2019

2 RESERVE FUND & OTHER RESERVES 2 933,94,06,343.84 814,80,16,760.50

3 DEPOSITS & OTHER ACCOUNTS 3 11617,33,69,351.54 9938,85,09,571.68

4 BORROWINGS 4 305,90,16,000.00 251,79,72,000.00

5 BILLS FOR COLLECTION 10,52,894.21 1,98,954.97

6 OVERDUE INTEREST RESERVE 137,76,85,413.08 98,32,84,334.13

7 INTEREST PAYABLE 35,68,72,006.78 22,93,94,725.96

8 OTHER LIABILITIES 5 296,44,32,586.57 239,19,93,899.05

TOTAL 13619,79,32,971.02 11660,15,38,221.29

CONTINGENT LIABILITIES 12 1721,08,43,069.94 1125,67,95,355.72

As per our Report of even date attached

Balance Sheet as at March 31, 2019

TOTAL 13619,79,32,971.02 11660,15,38,221.29

As per our Report of even date attached