CENTRAL BANK OF INDIA
SCHEDULE-18 : NOTES FORMING PART OF THE ACCOUNTS
1.
Balancing of Books / Reconciliation:
Reconciliation of Inter-Branch Accounts is in progress. Balancing of Subsidiary
Ledgers and reconciliation with General Ledger are also in progress at some
branches. Pending final clearance of the above, the overall impact, if any, on the
accounts, in the opinion of the management will not be significant.
2.
Income Tax / Deferred Tax:
2.1
Provision for Income Tax for the year is arrived at after due consideration of
various judicial decisions on certain disputed issues.
2.2
Other Assets [Schedule 11 (ii)] includes Rs.562.96 crore (previous year
Rs.493.43 crore) towards disputed Income Tax paid by the Bank / adjusted by
the authorities. Provision for taxation is not considered necessary by the Bank
in respect of above disputed demands based on various judicial decisions /
counsel’s opinion on such disputed issues.
2.3
Out of Rs.562.96 crore of tax paid under dispute, tax disputes relating to
various Assessment Years, amounting to Rs.19.39 crore have been decided by
the Appellate authorities in favour of the Bank. The appeal effect for the same
is pending.
2
2.4
The Bank has recognized Deferred Tax Asset / Liabilities.
Major components of Deferred Tax Assets and Deferred Tax Liabilities are as
under:
(Rs. in Crore)
31.3.2006
31.3.2005
Deferred Tax Asset:
Provision for NPAs
Provision for Leave Encashment
Provision for Wage Revision
Depreciation on Investments
Provision for Pension and Gratuity
Total (A):
325.49
45.44
16.83
387.76
330.54
36.69
69.34
91.22
527.79
Total (B):
13.32
222.49
257.21
493.02
15.22
255.82
11.11
282.15
(105.26)
245.64
Deferred Tax Liabilities:
Depreciation on Fixed Assets
Interest accrued but not due on Investments
Provision for Pension and Gratuity
Depreciation on Investments
Net Deferred Tax Liabilities/ Asset (A) – (B)
3.
Premises:
3.1
Certain premises include cost of land, where cost of land could not be
ascertained.
3.2
Premises owned by the Bank include properties costing Rs.18.45 crore
revalued at Rs.135.97 crore for which registration formalities are in progress.
3.3
Certain premises of the Bank were last revalued to reflect the market value on
31.3.1998. The appreciation amounting to Rs.361.81 crore was credited to the
‘Revaluation Reserve’. Depreciation of Rs.15.93 crore
(previous year
Rs.16.81 crore) on such revalued portion is adjusted against the Revaluation
Reserve.
3
4.
Investments:
4.1
Gross investments of the Bank have been classified into three categories as
under :
As at
31.3.2006
As at
31.3.2005
43.29%
30.80%
Held for Trading
NIL
NIL
Available for Sale
49.86%
62.48%
Held to Maturity
[excluding 6.85% (previous year 6.72%) in exempted
category]
4.2
Total Investment in Equity Shares and Equity Oriented Mutual Funds (Net of
Depreciation) is as under:
i.
ii.
iii.
iv.
4.3
Equity Shares including Investment in Subsidiaries
and Joint Ventures / Trustee Shares
Units of Equity Oriented Mutual Funds
Regional Rural Banks
Advances against Shares, Equity Oriented Mutual
Funds, Bonds and Debentures
TOTAL:
(Rs. in Crore)
31.3.2006
31.3.2005
225.75
206.79
92.07
79.58
34.48
6.71
79.58
22.30
431.88
315.38
In terms of the Reserve Bank of India guidelines vide Circular
No.DBOD.BP.BC.38/21.04.141/2005-06 dated 10.10.2005,
(a) the entire balance of Rs.780.11 crore in Investment Fluctuation Reserve has
been appropriated to the Revenue Reserve as the stipulated capital charge
has been maintained by the Bank
(b) excess depreciation Rs.0.04 crore, net of taxes and net of transfer to
Statutory Reserve, on investments pertaining to Mutual Fund held under the
Available for Sale category has been appropriated to Investment Reserve.
4
4.4 In terms of the guidelines of Reserve Bank of India, the profit of
Rs.57.40
crore (previous year Rs.30.39 crore) on sale / redemption of
investments in the “Held to Maturity” category has been appropriated to the
Investment Reserve.
5.
Advances / Provisions:
5.1 Advances to units which have become sick including those under nursing /
rehabilitation / restructuring programme and other advances classified as
doubtful / loss assets have been considered secured / recoverable to the extent
of estimated realizable value of securities carrying first or second charge based
on valuers’ assessment of properties / assets mortgaged to the Bank and other
data available with the Bank.
5.2 The Bank holds a floating provision of Rs.384.66 crore (previous year Rs.604
crore) over and above the normal provision in respect of accounts identified as
NPA as per prudential norms and this has been netted off against advances.
6.
Voluntary Retirement Scheme:
The Bank had implemented Voluntary Retirement Scheme (VRS) in March, 2001.
The amount of ex-gratia and excess of terminal benefits towards gratuity and pension
over the funded liability determined on actuarial basis was treated as ‘Deferred
Revenue Expenditure’, and is being amortised over 5 years. During the year, the
balance amount of Rs.71.02 crore (previous year Rs.165.62 crore) has been charged
to the Profit and Loss Account.
7.
Subordinated Debt:
During the year, Bank has raised Subordinated Debt to the tune of Rs.578.20 crore
(previous year Rs.200.00 crore) by issue of Unsecured Redeemable Bonds under Tier
II Capital and the amount is shown in “Other Liabilities and Provisions” in Schedule
5 of the Balance Sheet.
5
8.
Additional Disclosures:
8.1
In terms of the guidelines issued by the Reserve Bank of India, the
following additional disclosures are made:
2005-2006
(i) Percentage of shareholding of Government
of India
(ii) Percentage of Net NPAs to Net Advances
100
100
2.59
2.98
Details of Provisions and Contingencies debited to the Profit & Loss
Account:
(Rs. in crore)
8.2
2005-2006
2004-2005
68.90
12.26
a.
Provision for Standard Advances
b.
Provision for NPA
Provision required
285.34
(Less)/ Add: Adjusted from Floating
Provision)
(219.34)
c.
d.
e.
8.3
2004-2005
Provision / Depreciation on
investments (including matured
investments)
i)
ii)
iii)
Provision for Taxes
Deferred tax
Fringe Benefits
394.66
204.00
66.00
598.66
688.92
359.81
17.25
64.61
36.65
305.88
(73.67)
______
Sub Total of (d)
118.51
232.21
TOTAL
(5.08)
937.25
48.82
1251.76
Others
Subordinated Debt:
(Rs. in Crore)
2005-2006 2004-2005
Subordinated Debt raised as Tier II Capital
1688.20
1310.00
6
8.4
Business Ratios:
2005-2006
-
Capital Adequacy Ratio
Tier I
Tier II
Interest Income (as a percentage
Working Funds*)
Non Interest Income (as a percentage
Working Funds*)
Operating Profit (as a percentage
Working Funds*)
Return on Assets (as a percentage
Working Funds**)
2004-2005
to
11.03%
7.19%
3.84%
7.78%
12.15%
6.08%
6.07%
8.28%
to
0.77%
1.46%
to
1.73%
2.56%
to
0.37%
0.53%
(Rs. in lac)
-
-
Business per Employee (Deposits excluding Inter-Bank Deposits plus
Advances***)
Net Profit per Employee
240.46
206.89
0.68
0.93
* Working Funds comprise average of Total Assets (excluding
Revaluation Reserve) during the 12 months of the Financial
Year.
** Working Funds comprise average Total Assets (excluding
Revaluation Reserve)
*** Based on fortnightly average of Deposits (other than Inter
Bank Deposits) plus Advances.
8.5
Movement in Non Performing Assets:
(Rs. in Crore)
31.3.2006
31.3.2005
Gross NPAs as on 1st April
Less: Reductions
Add: Additions during the year
Gross NPAs at the end of the year
Less:
Provision and other credit balances
(including floating provision of
Rs.384.66 Crore)
Net NPAs as on 31st March
2621
669
1952
732
2684
1712
2943
1110
1833
788
2621
1807
972
814
7
8.6
Movement in Provision for NPAs:
Opening Balance as on 1st April
Add: Provision made during the Year (Net)
Less: Write-off, Write-back of excess
Provision
Closing Balance as on 31st March
31.3.2006
(Rs. in Crore)
31.3.2005
1794
66
1860
1659
599
2258
169
1691
464
1794
8.7
Movement of Provision / Depreciation on Investments (including
matured investments):
(i)
Provision for NPIs
(Rs. in Crore)
31.3.2006 31.3.2005
Opening Balance
Add : Additions during the year
Less : Write off, write back of Excess
Provision during the year
Closing Balance
(ii)
Depreciation on Investment
Opening Balance
Add : Additions during the year
Less : Write off / Write Back of Excess
Provision during the year
Closing Balance
73.47
37.15
14.40
51.70
25.52
3.75
96.22
73.47
(Rs. in Crore)
31.3.2006 31.3.2005
347.90
666.61
0.44
9.86
347.46
9.42
1014.07
347.90
8
8.8
Lending to Sensitive Sector:
Exposure to Real Estate Sector
Category
a)
Direct Exposure
i.
Residential Mortgages
- (including Rs.1753.31 crore of
individual housing loans upto
Rs.15 lakhs)
1921.02
1422.52
ii.
Commercial Real Estate-
37.63
23.77
iii.
Investments in Mortgage Backed
Securities [MBS] and other securitised
exposuresResidential
Commercial Estate
34.47
0.00
34.47
-
0.00
-
2025.61
2075.39
a.
b.
b)
(Rs. in Crore)
Year
2005-06
2004-05
Indirect Exposure
Fund based and non-fund based exposures
on National Housing Bank [NHB] and
Housing Finance Companies [HFCs].
Previous year figures are as compiled by the management and relied
upon by the Auditors.
c. Exposure to Capital Market
Items
i.
Investments made in Equity Shares
ii.
Investments in Convertible Bonds /
Convertible Debentures
iii.
Investments in units of Equity-Oriented
Mutual Funds
iv.
v.
(Rs. in Crore)
Year
2005-06 2004-05
305.33
286.37
0.00
0.00
92.07
3.00
Advances against Shares to individuals for
investment in Equity Shares [including
IPOs/ESOPS], Bonds and Debentures, Units
of Equity Oriented Mutual Funds.
4.22
0.00
Secured and Unsecured Advances to
Stockbrokers and Guarantees issued on
behalf of Stockbrokers and Market-makers.
26.63
18.53
9
8.9
Details of Credit Exposures where the Bank has exceeded the Prudential
Exposures during the year for which necessary Board approval and
borrower’s consent have been obtained.
(Rs. in Crore)
Sr.
No.
Name of
Borrower
Credit Exposure
FB
NFB
Outstanding as on
31.03.2006
FB
NFB
Investment as
on
Total
Exposure
as on
31.03.06
31.03.06
1.
Power Finance
Corporation
Ltd.
771.24
0.00
775.55
0.00
10.75
786.30
2.
Indian
Railways
Finance
Corporation
558.20
0.00
550.26
0.00
0.00
550.26
3.
Housing &
Urban
Development
Corpn. Ltd.
585.00
0.00
584.95
0.00
92.05
677.00
4.
National
Thermal
Power Corpn.
Ltd. [NTPC]
510.00
8.00
225.00
0.00
146.02
371.02
5.
HDFC Ltd.
547.00
0.00
547.00
0.00
125.00
672.00
6.
Reliance
Industries Ltd.
103.00
200.00
100.01
5.05
151.59
256.65
7.
UP Power
Corporation
Ltd.
733.76
105.00
657.61
105.00
0.00
762.61
8.
ICICI Bank
Ltd.
500.00
0.00
502.29
0.00
28.39
530.68
10
8.10
Information in respect of Restructuring undertaken during the year:
Details of Loan Assets subjected to Restructuring:
(Rs. in Crore)
Item
Year
No. of
a/c.
I.
II.
III.
IV.
Total amount of
loan assets
subjected to
restructuring,
rescheduling,
renegotiation:
Of which under
CDR
The amount of
Standard Assets
subjected to
restructuring,
rescheduling,
renegotiation:
Of which under
CDR
The amount of
Sub-Standard
Assets subjected to
restructuring,
rescheduling,
renegotiation:
Of which under
CDR
The amount of
Doubtful Assets
subjected to
restructuring,
rescheduling,
renegotiation:
Of which under
CDR
2005-06
Amt.
Interest
Sacrifice
No. of
a/c.
2004-05
Amt.
Interest
Sacrifice
4104
356.06
3.01
2057
521.26
28.58
4
141.34
NIL
14
256.85
11.89
3985
300.97
2.88
1879
440.81
28.32
2
105.59
NIL
10
188.25
11.89
118
50.50
0.13
174
11.85
0.26
1
31.16
NIL
NIL
NIL
NIL
1
4.59
NIL
4
68.60
NIL
1
4.59
NIL
4
68.60
NIL
Note: (I) = (II) + (III) + (IV)
11
8.11
Maturity Pattern of Assets & Liabilities:
The maturity pattern of Total Domestic Deposits, Domestic Borrowings,
Investments and Domestic Advances under various maturity buckets
prescribed by the Reserve Bank of India as of 31st March, 2006 are as
follows:
Maturity
Pattern
Total
Total
Total
Total
Domestic Domestic Investments Domestic
Deposits Borrowings
Advances
(Rs. in Crore)
Foreign Currency
Assets
Liabilities
1 to 14 Days
1499.43
222.03
881.76
1303.12
348.90
211.98
15 to 28 Days
1211.79
0.34
148.52
586.97
53.23
8.46
29 Days &
upto 3 Months
2455.47
1.33
695.15
1754.01
149.77
36.15
Over 3 Months &
upto 6 Months
3300.76
14.55
182.97
2916.09
239.09
51.16
Over 6 Months &
upto 1 Year
6163.64
0.28
1615.22
2258.87
3.26
171.44
Over 1 Year &
upto 3 Years
20447.89
50.67
3592.30
20312.58
6.20
317.68
Over 3 Years &
upto 5 Years
14245.67
15.32
4496.72
3778.24
0.00
6.13
Over 5 Years
16450.76
6.29
17026.45
4081.90
0.00
1.07
TOTAL:
65775.41
310.81
28639.09
36991.78
800.45
804.07
Notes:
1.
The above maturity pattern has been compiled on the basis of the
information received from branches, apportionment made at Head Office on
the basis of behavioural trend and other adjustments wherever considered
necessary.
2.
The figures in the case of Foreign Currency Assets and Liabilities are after
revaluation at the year-end FEDAI rates.
12
8.12
Non-performing Non-SLR Investments:
(Including Matured Investments)
Particulars
(Rs. in crore)
31.3.2006
31.3.2005
Opening Balance
86.26
58.09
Additions during the year
54.69
28.72
Reductions during the above period
21.14
0.55
119.81
86.26
66.98
51.53
Closing Balance
Total Provision held
8.13
Issuer-wise composition of Non-SLR investments:
No.
Issuer
(1)
1.
2.
3.
(2)
4.
5.
6.
PSUs
FIs
Banks:
- PSU Banks
- Private Banks
Private Corporates
Subsidiaries / Joint
Ventures
Others:
- Commercial Paper
- Mutual Fund
- Shares
TOTAL:
Less: Provision
held towards
depreciation
TOTAL:
Amount
(3)
2153.23
701.55
Extent of
Private
Placement
Extent of
below
investment
grade
securities
(4)
(5)
1942.80
186.37
592.78
NA
(Rs. in crore)
Extent of Extent of
Unrated un-listed
securities securities
(6)
134.04
39.95
(7)
561.86
284.94
NA
NA
1.13
NA
NA
5.00
31.74
NA
9.00
12.49
152.75
12.66
127.58
NA
-1161.28
1161.28
93.58
115.43
960.03
12.66
93.58
115.43
487.00
12.66
127.58
96.77
205.55
4466.38
62.80
127.58
NA
-3371.83
-187.50
NA
NA
-210.73
4403.58
3371.83
187.50
210.73
Amounts reported under columns 4, 5, 6, and 7 are not mutually exclusive.
13
9.
Country Risk Exposure:
Country Risk exposure has been classified on the following basis:
Classification Type
Insignificant
Low
Moderate
High
Very High
Restricted
Off-Credit
TOTAL
(Rs. in Crore)
868.49
293.82
138.38
11.66
5.97
1.39
0.30
1320.01
As the Bank’s net funded exposure for the year in respect of foreign exchange
transaction is less than 1% of the total assets of the Bank, no provision is considered
necessary.
10.
Repo / Reverse Repo transactions:
(including with Reserve Bank of India under LAF)
Minimum
outstanding during
the year
Maximum
outstanding during
the year
Daily
Average
outstanding
during
the year
(Rs. in crore)
As on
March 31, 2006
Securities sold under
Repo
NIL
2000.00
99.59
NIL
Securities purchased
under Reverse Repo*
NIL
5500.00
1510.89
800.00
* inclusive of Inter-Bank Repo Lending.
14
11.
Credit Derivative transactions:
The Bank has not undertaken any Credit Derivative transactions during the year.
13.1
Derivatives - Forward Rate Agreement / Interest Rate Swap
(Rs. in Crore)
Sr.
No.
1.
2.
Items
The Notional Principal of Swap Agreements
Losses which would be incurred if counter
parties fail to fulfil their obligations under the
Agreements
Collateral required by the Bank upon entering
into Swaps
Concentration of Credit Risk arising from the
Swaps
The Fair Value of the Swap Book [TILL
MATURITY]
3.
4.
5.
Current
Year
500.00
Previous
Year
Nil
Nil
Nil
Nil
Nil
Nil
Nil
(-)45.13
Nil

The organisation structure consists of Funds and Investment Committee at the
corporate level which is headed by Executive Director which reports to
Chairperson & Managing Director and ultimately to the Board.

Treasury Risk Management comprehensive policy on the use of derivative
instruments to hedge risks has been approved by the Board of Directors
wherein transactions in Interest Rate Swap [IRS] and Forward Rate
Agreement [FRA] are permitted. The policy comprehensively provides for an
efficient risk management structure and reporting system.

The Bank has first time taken Interest Rate Swap transaction. The Interest
Rate Swap transaction by the Bank is solely done for hedging purpose. IRS is
undertaken on the actual interest bearing underlying liability. The notional
principal amount and maturity of the hedge does not exceed the value and
maturity of underlying liability.

The risk is measured in the interest rate derivative transactions depending on
the movement of benchmark interest rates for the remaining life of the interest
swap contract. Risk is monitored based on the marked to market position of
the interest rate derivative transactions.

The IRS transactions are accounted for on accrual basis. The measurement of
credit exposure is done as per Current Exposure method.
15
Sr.
No.
1.
2.
3.
4.
5.
Particulars
Derivatives [Notional Principal
Amount]
a.
For Hedging
b.
For Trading
Marked to Market Positions [1]
a.
Asset [+]
b.
Liability [-]
Credit Exposure [2]
Likely impact of one percentage change
in interest rate [100*PV01]
a.
On hedging derivatives
b.
On trading derivatives
Maximum and Minimum of 100*PV01
observed during the year
a.
On hedging
b.
On Trading
Currency
Derivative
(Rs. in Crore)
Interest
Rate
Derivatives
Nil
Nil
500.00
Nil
Nil
Nil
Nil
Nil
45.13
2.50
17.45
Nil
17.45
Nil
The above data has been compiled in accordance with RBI Circular
DBOD.No.BP.BC.72/21.04.018/2004-05 dated March 03, 2005.
12
Compliance with Accounting Standards
The Bank has complied with the following Accounting Standards (AS) issued by The
Institute of Chartered Accountants of India. Following disclosures are made in
accordance with the provisions of such Accounting Standards.
13
There were no material prior period Income/ Expenditure exceeding 1% of the Gross
Total Income/ Expenditure during the year requiring disclosure under AS 5 on Net
Profit or Loss for the Period, Prior Period and Extraordinary items and changes in
Accounting Policies.
14
Income items recognized on cash basis were either not material or did not require
disclosure under AS 9 on Revenue Recognition.
16
15. Related Party Disclosure:
15.1
List of Related Parties:
(a)
Key Managerial Personnel i) Dr. Dalbir Singh – Chairman & Managing Director
[upto June 30, 2005]
ii) Ms. H. A. Daruwalla, Chairperson & Managing Director
[from June 30, 2005]
iii) Mr. V. N. Saxena – Executive Director [upto June 30, 2005]
iv) Mr. K. Subbaraman – Executive Director [from 02.02.2006]
(b)
Subsidiaries –
i) Cent Bank Home Finance Ltd.
ii) Cent Bank Financial & Custodial Services Ltd.
(c)
Associates (I) Regional Rural Banks i) Hoshangabad Kshetriya Gramin Bank, Hoshangabad.
ii) Mandla-Balaghat Kshetriya Gramin Bank, Mandla.
iii) Chhindwara-Seoni Kshetriya Gramin Bank, Chhindwara.
iv) Shahdol Kshetriya Gramin Bank, Shahdol.
v) Ratlam-Mandsaur Kshetriya Gramin Bank, Mandsaur.
vi) Chambal Kshetriya Gramin Bank, Morena.
vii) Gwalior-Datia Kshetriya Gramin Bank, Datia.
viii) Surguja Kshetriya Gramin Bank, Ambikapur.
ix) Kosi Kshetriya Gramin Bank, Purnea.
x) Uttar Bihar Kshetriya Gramin Bank, Muzzaffarpur
xi) Vidharbha Kshetriya Gramin Bank, Akola
xii) Ballia Kshetriya Gramin Bank, Ballia.
xiii) Etawah Kshetriya Gramin Bank, Etawah.
xiv) Hadoti Kshetriya Gramin Bank, Kota.
xv) Uttarbanga Kshetriya Gramin Bank, Cooch Behar
(II) Indo – Zambia Bank Ltd.
17
15.2
Transactions with Related Parties:
(Rs. in lac)
Key Management Personnel
2005-2006
2004-2005
9.40
11.58
Items
Remuneration paid
As per Reserve Bank of India guidelines, disclosure requirements relating to
transactions with Subsidiaries and RRBs and of Associate Indo-Zambia Bank
Ltd. are exempted.
16.
Segment Reporting:
16.1
The Bank has recognized Treasury Operations and other Banking Operations
as primary reporting segments. There are no secondary reporting segments.
(Rs. in Crore)
Particulars
Treasury Operations
2005-06
Revenue
Results
Unallocated Expenses /
Income
Operating Profit
Income Taxes
Provisions
Net Profit
Other Information
Segment Assets
Unallocated assets
Total Assets:
Segment Liabilities
Unallocated Liabilities
Total Liablities:
16.2
Other Banking Operations
2004-05
2005-06
2004-05
2005-06
Total
2004-05
1699.63
439.52
-
2110.83
681.42
-
4167.70
887.42
-
3919.61
1020.84
-
5867.33
1326.94
-132.27
6030.44
1702.26
-93.09
-
-
-
-
1194.67
118.51
818.75
257.42
1609.17
232.22
1019.54
357.41
14840.73
211.28
-
18607.41
15.14
-
57814.97
-
47993.49
63955.63
-
72655.70
2025.34
74681.04
69486.14
5194.90
74681.04
66600.90
1994.99
68595.89
63970.77
4625.12
68595.89
69274.86
-
Treasury Operations include dealing in Government and other Securities,
Money Market Operations and Forex Operations.
16.3
Banking Operations consist of Corporate Banking, Retail Banking, Personal
and Commercial Banking, Cash Management Services, Deposits, Investments
in Government Securities maintained under SLR and allied services such as
Credit Cards / Debit Cards.
18
16.4
Pricing of Inter Segmental Transfers:
Banking Operations (BO) is a primary resource mobilizing unit and Treasury
Segment compensates the former for funds lent by it taking into consideration
the average funds used.
16.5
17.
Allocations of Costs:
a.
Expenses directly attributable to particular segment are allocated to the
relative segment.
b.
Expenses not directly attributable to specific segment are allocated in
proportion to the funds employed.
Intangible Assets:
The Bank has complied with AS 26 (Intangible Assets) and necessary disclosures are
given below:
17.1 Useful Life and Amortisation:
Particulars
Estimated useful
life
Amortisation
Rate
Amortisation
method
System Software
Application Software
3 years
1 year
33.33%
100.00%
SLM
SLM
17.2 Reconciliation of Gross Carrying Amount with the Net Carrying Amount:
(Rs. in lac)
Nature of
Software
System
Application
TOTAL:
As at
1.4.2005
1026.60
776.31
1802.91
Gross Carrying Amount
AddiDeleAs at
tions
tions
31.3.2006
34.01
224.12
258.13
0.00
5.39
5.39
1060.61
995.04
2055.65
Accum.
as on
1.4.2005
Amortisation
For the
Accum.
Year
as on
31.3.2006
734.28
744.62
1478.90
Note: No incremental amortisation is considered necessary.
193.78
250.42
444.20
928.06
995.04
1923.10
Net
Carrying
Amount
as at
31.3.2006
132.55
0.00
132.55
19
18.
Compliance with Accounting Standard-28
A substantial portion of Bank’s assets comprise financial assets to which Accounting
Standard-28 on impairment of assets is not applicable. In the opinion of the management,
there is no material impairment on Other Assets as at 31st March, 2006, requiring
recognition in terms of the Standard.
19.
Disclosure in terms of Accounting Standard-29 on Provisions, Contingent Liabilities
and Contingent Assets.
19.1
Movement of Provisions:
Particulalrs
Opening
Balance as on
01.04.2005
Provision
made
during the
year
66.11
1,794.43
421.37
128.11
2410.02
68.90
66.00
703.76
1.50
840.16
Standard Assets
Bad & Doubtful Debts
Investments
Miscellaneous Provisions
TOTAL
19.2
(Rs. in Crore)
Closing
Provisions
Balance as
reversed/
on
adjusted
31.03.2006
0.00
169.22
14.84
7.33
191.39
135.01
1,691.21
1,110.29
122.28
3058.79
Movement of Provision for Liabilities:
Opening Balance as on 01.04.2005
Additions during the year
Amount used during the period
Closing Balance as on 31.03.2006
Timing of any resulting outflow
Arrears of Salary
(Rs. in Crore)
Other Legal Cases
206.37
3.26
--
0.47
206.37
1.51
--
2.22
NA
NA
20
20.
Previous year figures have been re-grouped / re-classified wherever considered necessary
to conform to current year’s classification.
R. NATARAJAN
DY. GENERAL MANAGER
S. S. SURESH
GENERAL MANAGER
K. SUBBARAMAN
EXECUTIVE DIRECTOR
H. A. DARUWALLA
CHAIRPERSON &
MANAGING DIRECTOR
MAJOR [RETD.] VED PRAKASH
DIRECTOR
KAMAL FARUQUI
DIRECTOR
K. C. MOHAPATRA
DIRECTOR
P. P. MITRA
DIRECTOR
R. C. AGARWAL
DIRECTOR
ROMESH SABHARWAL
DIRECTOR
SMT. SATYA BAHIN
DIRECTOR
HARISH CHANDHOK
DIRECTOR
C. M. PURI
DIRECTOR
For JAIN & ASSOCIATES
CHARTERED ACCOUNTANTS
For S. GHOSE & CO.
CHARTERED ACCOUNTANTS
For D. RANGASWAMY & CO.
CHARTERED ACCOUNTANTS
(S. C. PATHAK)
PARTNER
(C.CHATTOPADHYAY)
PARTNER
(B. RAMANI)
PARTNER
For P. R. MEHRA & CO.
CHARTERED ACCOUNTANTS
For P. L. TANDON & CO.
CHARTERED ACCOUNTANTS
For CHHAJED & DOSHI
CHARTERED ACCOUNTANTS
(ASHOK MALHOTRA)
PARTNER
Place : Mumbai
Date : May 10, 2006
(ANIL AGARWAL)
PARTNER
(K. K. DAFTARY)
PARTNER
21